# EDGAR Filing Document

**Accession Number:** 0001043250
**File Stem:** 0001104659-26-051234
**Filing Date:** 2026-4
**Character Count:** 939539
**Document Hash:** 75a7069c94ba4d2b10dbdf5a9b0d43e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-051234.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001104659-26-051234

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AUL AMERICAN INDIVIDUAL VARIABLE LIFE UNIT TRUST
- **CENTRAL INDEX KEY:** 0001043250

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08311
- **FILM NUMBER:** 26912408

**BUSINESS ADDRESS:**
- **STREET 1:** ONE AMERICAN SQUARE
- **STREET 2:** P O BOX 368
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46206-0368
- **BUSINESS PHONE:** 317-285-1213

**MAIL ADDRESS:**
- **STREET 1:** ONE AMERICAN SQUARE
- **STREET 2:** P O BOX 368
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46206-0368

## Series and Classes Contracts Data

### AUL AMERICAN INDIVIDUAL VARIABLE LIFE UNIT TRUST (Series ID: S000012434)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000033751 | Flexible Premium Adjustable Variable Life |  |
| C000073735 | American Accumulator                      |  |
| C000078126 | Modified Single Premium Variable Life     |  |

Contents of the Statement of Additional Information

---

| |
|:---|
| **Statement of Additional Information for *American Accumulator —* AUL American Individual Variable Life Unit Trust Flexible Premium Variable Adjustable Universal Life Insurance Policy** |
| &nbsp;&nbsp;&nbsp;GENERAL INFORMATION & HISTORY - AMERICAN ACCUMULATOR |
| &nbsp;&nbsp;&nbsp;CUSTODY OF ASSETS |
| **Statement of Additional Information for *FPVUL —* Flexible Premium Adjustable Variable Universal Life** |
| &nbsp;&nbsp;&nbsp;GENERAL INFORMATION AND HISTORY - FPVUL |
| &nbsp;&nbsp;&nbsp;CUSTODY OF ASSETS |
| **Statement of Additional Information for *SPVUL —* Modified Single Premium Variable Universal Life** |
| &nbsp;&nbsp;&nbsp;GENERAL INFORMATION AND HISTORY - SPVUL |
| &nbsp;&nbsp;&nbsp;CUSTODY OF ASSETS |
| **PORTFOLIO COMPANIES UNDER THE CONTRACT** |
| **FINANCIALS** |
| **NOTES TO FINANCIAL STATEMENTS** |
| **Report of Independent Auditors on Statutory Financial Statements and Supplemental Schedules** |
| **Report of Independent Registered Public Accounting Firm** |

---

**American United Life Insurance Company**

**AUL American Individual Variable Life Unit Trust**

**December 31, 2025**

**Statement of Additional Information for *American Accumulator —* AUL American Individual Variable Life Unit Trust Flexible Premium Variable Adjustable Universal Life Insurance Policy**

Statement of Additional Information for

*American Accumulator —*

AUL American Individual Variable Life

Unit Trust

Flexible Premium Variable Adjustable

Universal Life Insurance Policy

![](tm263016d2_nvpfsimg01.jpg)

*Products and financial services provided by:*

*American United Life Insurance Company <sup>®</sup>*

*a* OneAmerica*<sup>®</sup> company*

*P.O. Box 368, Indianapolis, Indiana 46206-0368 1-*

*800-537-6442*

May 1, 2026

**STATEMENT OF ADDITIONAL INFORMATION**

**May 1, 2026**

**AUL AMERICAN INDIVIDUAL VARIABLE LIFE UNIT TRUST FLEXIBLE PREMIUM VARIABLE ADJUSTABLE UNIVERSAL LIFE INSURANCE POLICY**

**AMERICAN ACCUMULATOR**

**Sold By**

**American United Life Insurance Company** **<sup>®</sup>**

**One American Square, P.O. Box 368**

**Indianapolis, Indiana 46206-0368**

**1-800-537-6442**

**www.oneamerica.com**

This Statement of Additional Information is not a prospectus and should be read in conjunction with the current Prospectus for the AUL Flexible Premium Variable Adjustable Universal Life policies dated, May 1, 2016.

A Prospectus is available without charge by calling the number listed above or by writing to the address listed above.

**GENERAL INFORMATION & HISTORY - AMERICAN ACCUMULATOR**

For a general description of AUL and AUL American Individual Variable Life Unit Trust (the "Variable Account"), see the section entitled "Information about AUL, The Variable Account, and The Funds" in the Prospectus.

OneAmerica Securities, Inc. is the Principal Underwriter and the Distributor for the variable life contracts (the "Contracts") described in the Prospectus and in this statement of Additional Information. It's principal business address is the same as the Depositor's. OneAmerica Securities, Inc. is a wholly owned subsidiary of AUL and is registered with the Securities and Exchange Commission (the "SEC") as a broker-dealer.

OneAmerica Securities serves as the Principal Underwriter without compensation from the Variable Account.

**CUSTODY OF ASSETS**

The assets of the Variable Account are held by AUL. The assets are kept physically segregated and are held separate and apart from the assets of other separate accounts of AUL and from AUL's General Account assets. AUL maintains records of all purchases and redemptions of shares of the Funds offered hereunder.

**Statement of Additional Information for *FPVUL —* Flexible Premium Adjustable Variable Universal Life**

Statement of Additional Information for

*FPVUL —*

Flexible Premium

Adjustable Variable Universal Life

![](tm263016d2_nvpfsimg02.jpg)

*Products and financial services provided by:*

*American United Life Insurance Company*<sup>®</sup>

*a* OneAmerica<sup>®</sup> *company*

*P.O. Box 368, Indianapolis, Indiana 46206-0368*

*1-800-537-6442*

May 1, 2026

**STATEMENT OF ADDITIONAL INFORMATION**

**May 1, 2026**

**AUL AMERICAN INDIVIDUAL VARIABLE LIFE UNIT TRUST FLEXIBLE PREMIUM ADJUSTABLE VARIABLE LIFE**

**Sold By**

**American United Life Insurance Company** **<sup>®</sup>**

**One American Square, P.O. Box 368**

**Indianapolis, Indiana 46206-0368**

**1-800-537-6442**

**www.oneamerica.com**

This Statement of Additional Information is not a prospectus and should be read in conjunction with the current Prospectus for the Flexible Premium Adjustable Variable Life policies dated May 1, 2014.

A Prospectus is available without charge by calling the number listed above or by writing to the address listed above.

**GENERAL INFORMATION AND HISTORY - FPVUL**

For a general description of AUL and AUL American Individual Variable Life Unit Trust (the "Variable Account"), see the section entitled "Information about AUL, The Variable Account, and The Funds" in the Prospectus.

OneAmerica Securities, Inc. is the Principal Underwriter and the Distributor for the variable life contracts (the "Contracts") described in the Prospectus and in this statement of Additional Information. Its principal business address is the same as the Depositor's. OneAmerica Securities, Inc. is a wholly owned subsidiary of AUL and is registered with the Securities and Exchange Commission (the "SEC") as a broker-dealer.

OneAmerica Securities serves as the Principal Underwriter without compensation from the Variable Account.

**CUSTODY OF ASSETS**

The assets of the Variable Account are held by AUL. The assets are kept physically segregated and are held separate and apart from the assets of other separate accounts of AUL and from AUL's General Account assets. AUL maintains records of all purchases and redemptions of shares of the Funds offered hereunder.

**Statement of Additional Information for *SPVUL —* Modified Single Premium Variable Universal Life**

Statement of Additional Information for

*SPVUL —*

Modified Single Premium

Variable Universal Life

![](tm263016d2_nvpfsimg03.jpg)

*Products and financial services provided by:*

*American United Life Insurance Company <sup>®</sup>*

*a* OneAmerica<sup>®</sup> *company*

*P.O. Box 368, Indianapolis, Indiana 46206-0368*

*1-800-537-6442*

May 1, 2026

**STATEMENT OF ADDITIONAL INFORMATION**

**May 1, 2026**

**AUL AMERICAN INDIVIDUAL VARIABLE LIFE UNIT TRUST MODIFIED SINGLE PREMIUM VARIABLE LIFE**

**Sold By**

**American United Life Insurance Company** **<sup>®</sup>**

**One American Square, P.O. Box 368**

**Indianapolis, Indiana 46206-0368**

**1-800-537-6442**

**www.oneamerica.com**

This Statement of Additional Information is not a prospectus and should be read in conjunction with the current Prospectus for the Modified Single Premium Variable Life policies, dated May 1, 2014.

A Prospectus is available without charge by calling the number listed above or by writing to the address listed above.

**GENERAL INFORMATION AND HISTORY - SPVUL**

For a general description of AUL and AUL American Individual Variable Life Unit Trust (the "Variable Account"), see the section entitled "Information about AUL, The Variable Account, and The Funds" in the Prospectus.

OneAmerica Securities, Inc. is the Principal Underwriter and the Distributor for the variable life contracts (the "Contracts") described in the Prospectus and in this statement of Additional Information. Its principal business address is the same as the Depositor's. OneAmerica Securities, Inc. is a wholly owned subsidiary of AUL and is registered with the Securities and Exchange Commission (the "SEC") as a broker-dealer.

OneAmerica Securities serves as the Principal Underwriter without compensation from the Variable Account.

**CUSTODY OF ASSETS**

The assets of the Variable Account are held by AUL. The assets are kept physically segregated and are held separate and apart from the assets of other separate accounts of AUL and from AUL's General Account assets. AUL maintains records of all purchases and redemptions of shares of the Funds offered hereunder.

**PORTFOLIO COMPANIES UNDER THE CONTRACT**

The following list of Portfolio Companies under the Contract. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at www.oneamerica.com/prospectuses. You can request this information at no cost by calling 1-800-537-6442 or by sending an email to policyservice@oneamerica.com.

---

| | | | |
|:---|:---|:---|:---|
| **FUND<br> IDENTIFIER** | **ASSET CLASS** | **FUND NAME** | **SHARE<br> CLASS** |
| 02-376 | Foreign Equity | AB VPS International Growth Portfolio | A |
| 02-377 | Foreign Equity | AB VPS International Value Portfolio | A |
| 02-378 | Mid Cap Equity | AB VPS Small/Mid Cap Value Portfolio | A |
| 02-500 | Large Cap Equity | Alger Large Cap Growth Portfolio | I-2 |
| 02-515 | Small Cap Equity | Alger Small Cap Growth Portfolio | I-2 |
| 02-410 | Mid Cap Equity | American Century VP Capital Appreciation Fund | I |
| 02-425 | Balanced | American Century VP Income & Growth Fund | I |
| 02-420 | Foreign Equity | American Century VP International Fund | I |
| 02-397 | Mid Cap Equity | American Century VP Mid Cap Value Fund | II |
| 02-122 | Large Cap Equity | American Century VP Ultra Fund | I |
| 02-646 | Small Cap Equity | BNY Mellon Investment Portfolios, Small Cap Stock Index Portfolio | Service |
| 02-650 | Specialty | BNY Mellon Investment Portfolios, Technology Growth Portfolio | Service |
| 02-645 | Large Cap Equity | BNY Mellon Variable Investment Fund, Appreciation Portfolio | Service |
| 02-520 | Mid Cap Equity | Calvert VP SRI Mid Cap Growth Portfolio | N/A |
| 02-382 | Small Cap Equity | Columbia Variable Portfolio-Small Cap Value Fund | 1 |
| 02-384 | Specialty | Columbia Variable Portfolio-US Government Mortgage Fund | 1 |
| 02-230 | Balanced | Fidelity VIP Asset Manager Portfolio | Initial |
| 02-245 | Large Cap Equity | Fidelity VIP Contrafund Portfolio | Initial |
| 02-205 | Large Cap Equity | Fidelity VIP Equity-Income Portfolio | Initial |
| 02-163 | Managed Asset Allocation | Fidelity VIP Freedom 2005 Portfolio | Initial |
| 02-162 | Managed Asset Allocation | Fidelity VIP Freedom 2010 Portfolio | Initial |
| 02-161 | Managed Asset Allocation | Fidelity VIP Freedom 2015 Portfolio | Initial |
| 02-159 | Managed Asset Allocation | Fidelity VIP Freedom 2020 Portfolio | Initial |
| 02-158 | Managed Asset Allocation | Fidelity VIP Freedom 2025 Portfolio | Initial |
| 02-157 | Managed Asset Allocation | Fidelity VIP Freedom 2030 Portfolio | Initial |
| 02-164 | Managed Asset Allocation | Fidelity VIP Freedom Income Portfolio | Initial |
| 02-250 | Fixed Interest Cash | Fidelity VIP Government Money Market Portfolio | Initial |
| 02-210 | Large Cap Equity | Fidelity VIP Growth Portfolio | Initial |
| 02-215 | High Yield Bond | Fidelity VIP High Income Portfolio | Initial |
| 02-225 | Large Cap Equity | Fidelity VIP Index 500 Portfolio | Initial |
| 02-941 | Mid Cap Equity | Fidelity VIP Mid Cap Portfolio | Service 2 |

---

***Portfolio Companies under the Contract (continued)***

---

| | | | |
|:---|:---|:---|:---|
| 02-220 | Foreign Equity | Fidelity VIP Overseas Portfolio | Initial |
| 02-908 | Balanced | Franklin Allocation VIP Fund | 1 |
| 02-906 | Small Cap Equity | Franklin Small Cap Value VIP Fund | 1 |
| 02-CGK | Fixed Interest Cash | Goldman Sachs VIT Government Money Market Fund | Service |
| 02-826 | Large Cap Equity | Invesco V.I. Core Equity Fund | Series II |
| 02-861 | Large Cap Equity | Invesco V.I. Diversified Dividend Fund | Series I |
| 02-825 | Specialty | Invesco V.I. Global Real Estate Fund | Series I |
| 02-815 | Specialty | Invesco V.I. Health Care Fund | Series I |
| 02-830 | High Yield Bond | Invesco V.I. High Yield Fund | Series I |
| 02-827 | Foreign Equity | Invesco V.I. International Growth Fund | Series II |
| 02-611 | Balanced | Janus Henderson Balanced Portfolio | Service |
| 02-607 | Intermediate Bond | Janus Henderson Flexible Bond Portfolio | Institutional |
| 02-602 | Large Cap Equity | Janus Henderson Forty Portfolio | Institutional |
| 02-606 | World Stock | Janus Henderson Global Research Portfolio | Institutional |
| 02-259 | Mid Cap Equity | Janus Henderson Mid Cap Value Portfolio | Service |
| 02-609 | Foreign Equity | Janus Henderson Overseas Portfolio | Service |
| 02-866 | Mid Cap Equity | Neuberger Berman AMT Mid Cap Growth Portfolio | Service |
| 02-870 | Small Cap Equity | Neuberger Berman Mid Cap Intrinsic Value Portfolio | I |
| 02-875 | Short Term Bond | Neuberger Berman Short Duration Bond Portfolio | I |
| 02-750 | Small Cap Equity | Royce Capital Small-Cap Portfolio | Investor |
| 02-124 | Large Cap Equity | T. Rowe Price Blue Chip Growth Portfolio | N/A |
| 02-580 | Large Cap Equity | T. Rowe Price Equity Income Portfolio | N/A |
| 02-585 | Short Term Bond | T. Rowe Price Limited-Term Bond Portfolio | N/A |
| 02-586 | Mid Cap Equity | T. Rowe Price Mid-Cap Growth Portfolio | N/A |
| 02-909 | World Stock | Templeton Foreign VIP Fund | 2 |
| 02-907 | Intermediate Bond | Templeton Global Bond VIP Fund | 1 |
| 02-190 | Large Cap Equity | Vanguard VIF Diversified Value Portfolio | N/A |
| 02-118 | Mid Cap Equity | Vanguard VIF Mid-Cap Index Portfolio | N/A |
| 02-119 | Small Cap Equity | Vanguard VIF Small Company Growth Portfolio | N/A |
| 02-121 | Intermediate Bond | Vanguard VIF Total Bond Market Index Portfolio | N/A |
| 02-CPG | Intermediate Bond | Victory Pioneer Bond VCT Portfolio | I |
| 02-CPF | Large Cap Equity | Victory Pioneer Equity Income VCT Portfolio | I |
| 02-598 | Mid Cap Equity | Victory Pioneer Equity Income VCT Portfolio | II |
| 02-596 | Small Cap Equity | Victory Pioneer Fund VCT Portfolio | I |
| 02-597 | Mid Cap Equity | Victory Pioneer Select Mid Cap VCT Portfolio | I |

---

![](tm263016d2_repofaudimg001.jpg)

**Report of Independent Registered Public Accounting Firm**

To the Board of Directors of American United Life Insurance Company and the Contract Owners of AUL American Individual Variable Life Unit Trust

***Opinions on the Financial Statements***

We have audited the accompanying statements of net assets of each of the subaccounts of AUL American Individual Variable Life Unit Trust indicated in the table below as of December 31, 2025, and the related statements of operations of changes in net assets, and of cumulative net assets and financial highlights for each of the periods indicated in the table below, 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 AUL American Individual Variable Life Unit Trust as of December 31, 2025, and the results 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.

---

| | |
|:---|:---|
| AB VPS Discovery Val Port A Class - 02-378 (1) | Invesco V.I. High Yield Fund Series I Class - 02-830 (1) |
| AB VPS International Value Portfolio A Class - 02-377 (1) | Invesco V.I. International Growth Fund Series II Class - 02-827 (1) |
| Alger Large Cap Growth Portfolio I-2 Class - 02-500 (1) | Invesco V.I. Main Street Small Cap Fund - 16-ZZ1 (1) |
| Alger Small Cap Growth Portfolio I-2 Class - 02-515 (1) | Janus Henderson Balanced Portfolio Service Class - 02-611 (1) |
| American Funds American High-Income Trust - 16-ZZZ (1) | Janus Henderson Flexible Bond Portfolio Institutional Class - 02-607 (1) |
| American Funds Global Balanced - 16-ZZY (1) | Janus Henderson Forty Portfolio Institutional Class - 02-602 (1) |
| American Funds Growth - 16-ZZX (1) | Janus Henderson Global Research Portfolio Institutional Class - 02-606 (1) |
| American Funds Growth and Income - 16-ZZW (1) | Janus Henderson Mid Cap Value Portfolio Service Class - 02-259 (1) |
| American Funds International Growth and Income - 16-ZZV (1) | Janus Henderson Overseas Portfolio Service Class - 02-609 (1) |
| American Funds New World Fund - 16-ZZU (1) | LVIP American Century Capital Appreciation Fund I Class - 02-410 (1) |

---

---

| | |
|:---|:---|
|  | PricewaterhouseCoopers LLP<br> One American Square, Suite 2100<br> Indianapolis, Indiana 46282 |
| **www.pwc.com/us** | (317) 222 2202 |

---

---

| | |
|:---|:---|
| BlackRock Small Cap Index - 16-ZZR (1) | LVIP American Century Disciplined Core Value Fund I Class - 02-425 (1) |
| BNY Mellon Investment Portfolios, Small Cap Stock Index Port Ser Class - 02-646 (1) | LVIP American Century International Fund I Class - 02-420 (1) |
| BNY Mellon Investment Portfolios, Technology Growth Port Service Class - 02-650 (1) | LVIP American Century Mid Cap Value Fund II Class - 02-397 (1) |
| BNY Mellon Variable Investment Fund, Appreciation Portfolio Service Cl - 02-645 (1) | LVIP American Century Ultra Fund I Class - 02-122 (1) |
| Calvert VP SRI Mid Cap Growth Portfolio - 02-520 (1) | MFS Mid-Cap Growth Series - 16-ZZ2 (1) |
| ClearBridge Variable Large Cap Value Portfolio - 16-ZZN (1) | MFS New Discovery Series - 16-ZZ3 (1) |
| ClearBridge Variable Mid Cap Portfolio - 16-ZZM (1) | Neuberger Berman AMT Mid Cap Growth Portfolio Service Class - 02-866 (1) |
| Columbia Variable Portfolio-Small Cap Value Fund 1 Class - 02-382 (1) | Neuberger Berman Mid Cap Intrinsic Value Portfolio I Class - 02-870 (1) |
| Columbia Variable Portfolio-US Government Mortgage Fund 1 Class - 02-384 (1) | Neuberger Berman Short Duration Bond Portfolio I Class - 02-875 (1) |
| DFA Inflation Protected Securities - 16-ZZL (1) | Pioneer Bond VCT Portfolio I Class - 02-CPG (1) |
| DFA International Small Portfolio - 16-ZZK (1) | Pioneer Equity Income VCT Portfolio I Class - 02-CPF (1) |
| DFA US Targeted Value - 16-ZZJ (1) | Pioneer Equity Income VCT Portfolio II Class - 02-598 (1) |
| Fidelity VIP Asset Manager Portfolio Initial Class - 02-230 (1) | Pioneer Fund VCT Portfolio I Class - 02-596 (1) |
| Fidelity VIP Contrafund Portfolio Initial Class - 02-245 (1) | Pioneer Select Mid Cap Growth VCT Portfolio I Class - 02-597 (1) |
| Fidelity VIP Equity-Income Portfolio Initial Class - 02-205 (1) | Royce Capital Small-Cap Portfolio Investor Class - 02-750 (1) |
| Fidelity VIP Freedom 2010 Portfolio Initial Class - 02-162 (1) | T. Rowe Price Blue Chip Growth Portfolio - 02-124 (1) |
| Fidelity VIP Freedom 2015 Portfolio Initial Class - 02-161 (1) | T. Rowe Price Equity Income Portfolio - 02-580 (1) |
| Fidelity VIP Freedom 2020 Portfolio Initial Class - 02-159 (1) | T. Rowe Price Limited-Term Bond Portfolio - 02-585 (1) |
| Fidelity VIP Freedom 2025 Portfolio Initial Class - 02-158 (1) | T. Rowe Price Mid-Cap Growth Portfolio - 02-586 (1) |

---

---

| | |
|:---|:---|
| Fidelity VIP Freedom 2030 Portfolio Initial Class - 02-157 (1) | Templeton Foreign VIP Fund 2 Class - 02-909 (1) |
| Fidelity VIP Freedom Income Portfolio Initial Class - 02-164 (1) | Templeton Global Bond VIP Fund 1 Class - 02-907 (1) |
| Fidelity VIP Government Money Market Portfolio Initial Class - 02-250 (1) | Vanguard Capital Growth Portfolio - 16-ZYZ (1) |
| Fidelity VIP Growth & Income Portfolio - 16-ZZH (1) | Vanguard Diversified Value Portfolio - 16-ZYY (1) |
| Fidelity VIP Growth Opportunities Portfolio - 16-ZZG (1) | Vanguard Equity Income Portfolio - 16-ZYX (1) |
| Fidelity VIP Growth Portfolio Initial Class - 02-210 (1) | Vanguard Equity Index Portfolio - 16-ZYW (1) |
| Fidelity VIP High Income Portfolio Initial Class - 02-215 (1) | Vanguard High Yield Bond Portfolio - 16-ZYU (1) |
| Fidelity VIP Index 500 Portfolio Initial Class - 02-225 (1) | Vanguard International Portfolio - 16-ZYT (1) |
| Fidelity VIP Mid Cap Portfolio Service 2 Class - 02-941 (1) | Vanguard Mid-Cap Index Portfolio - 16-ZYS (1) |
| Fidelity VIP Overseas Portfolio Initial Class - 02-220 (1) | Vanguard Money Market Portfolio - 16-ZYR (1) |
| Fidelity VIP Value Portfolio - 16-ZZE (1) | Vanguard Short-Term Investment-Grade Portfolio - 16-ZYQ (1) |
| Franklin Allocation VIP Fund 1 Class - 02-908 (1) | Vanguard Small Company Growth - 16-ZYP (1) |
| Franklin Small Cap Value VIP Fund 1 Class - 02-906 (1) | Vanguard Total Bond Market Index Portfolio - 16-ZYO (1) |
| Franklin Small-Mid Cap Growth VIP Fund - 16-ZZD (1) | Vanguard Total International Stock Market Index Portfolio - 16-ZYN (1) |
| Goldman Sachs VIT Government Money Market Fund Service Class - 02-CGK (1) | Vanguard Total Stock Market Index Portfolio - 16-ZYM (1) |
| Invesco V.I. Core Equity Fund Series II Class - 02-826 (1) | Vanguard VIF Diversified Value Portfolio - 02-190 (1) |
| Invesco V.I. Core Plus Bond - 16-ZZB (1) | Vanguard VIF Mid-Cap Index Portfolio - 02-118 (1) |
| Invesco V.I. Discovery Mid Cap Growth Fund - 16-ZZA (1) | Vanguard VIF Real Estate Index - 16-ZYL (1) |
| Invesco V.I. Diversified Dividend Fund Series I Class - 02-861 (1) | Vanguard VIF Small Company Growth Portfolio - 02-119 (1) |
| Invesco V.I. Global Real Estate Fund Series I Class - 02-825 (1) | Vanguard VIF Total Bond Market Index Portfolio - 02-121 (1) |
| Invesco V.I. Health Care Fund Series I Class - 02-815 (1) |  |

---

&nbsp;&nbsp;(1) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025, statements of changes in net assets for the years ended December 31, 2025, and 2024, and financial highlights for the years or periods ended December 31, 2025, 2024, 2023, 2022, and 2021

***Basis for Opinions***

These financial statements are the responsibility of the American United Life Insurance Company's management. Our responsibility is to express an opinion on the financial statements of each of the subaccounts of AUL American Individual Variable Life Unit Trust 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 AUL American Individual Variable Life Unit Trust 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.

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 each mutual fund. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Indianapolis, Indiana

April 29, 2026

We have served as the auditor of one or more of the subaccounts of AUL American Individual Variable Life Unit Trust since 1998.

---

| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Columbia Variable Portfolio-Small Cap Value Fund 1 Class - 02-382** | **AUL American Individual Variable Life Unit Trust<br> Columbia Variable Portfolio-Small Cap Value Fund 1 Class - 02-382** | **AUL American Individual Variable Life Unit Trust<br> Columbia Variable Portfolio-Small Cap Value Fund 1 Class - 02-382** | **AUL American Individual Variable Life Unit Trust<br> Columbia Variable Portfolio-Small Cap Value Fund 1 Class - 02-382** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $120538 | $132571 | 9528 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $120538 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $120538 | 5036 | $23.94 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $1378 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1378 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (4638) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 19054 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 344 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 14760 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $16138 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $1378 | $1521 |
| Net realized gain (loss) | Net realized gain (loss) | (4638) | (6691) |
| Realized gain distributions | Realized gain distributions | 19054 | 8881 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 344 | 15481 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 16138 | 19192 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 932 | 5702 |
| Cost of units redeemed | Cost of units redeemed | (35030) | (77264) |
| Account charges | Account charges | (2862) | (7145) |
| Increase (decrease) | Increase (decrease) | (36960) | (78707) |
| Net increase (decrease) | Net increase (decrease) | (20822) | (59515) |
| Net assets, beginning | Net assets, beginning | 141360 | 200875 |
| Net assets, ending | Net assets, ending | $120538 | $141360 |
| Units sold | Units sold | 53 | 301 |
| Units redeemed | Units redeemed | (1808) | (4015) |
| Net increase (decrease) | Net increase (decrease) | (1755) | (3714) |
| Units outstanding, beginning | Units outstanding, beginning | 6791 | 10505 |
| Units outstanding, ending | Units outstanding, ending | 5036 | 6791 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $2854639 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (3439198) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 75433 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 81937 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 559760 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (12033) |
| Net assets | Net assets | Net assets | $120538 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 23.94 | 5 | $121 | N/A | 15.0% |
| 12/31/2024 | 20.82 | 7 | 141 | N/A | 8.9% |
| 12/31/2023 | 19.12 | 11 | 201 | N/A | 21.9% |
| 12/31/2022 | 15.68 | 15 | 236 | N/A | -8.7% |
| 12/31/2021 | 17.17 | 13 | 220 | N/A | 29.2% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.1% |  |  |  |  |
| 2024 | 0.9% |  |  |  |  |
| 2023 | 0.7% |  |  |  |  |
| 2022 | 0.7% |  |  |  |  |
| 2021 | 0.9% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Columbia Variable Portfolio-US Government Mortgage Fund 1 Class - 02-384** | **AUL American Individual Variable Life Unit Trust<br> Columbia Variable Portfolio-US Government Mortgage Fund 1 Class - 02-384** | **AUL American Individual Variable Life Unit Trust<br> Columbia Variable Portfolio-US Government Mortgage Fund 1 Class - 02-384** | **AUL American Individual Variable Life Unit Trust<br> Columbia Variable Portfolio-US Government Mortgage Fund 1 Class - 02-384** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $3493 | $3402 | 373 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $3493 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $3493 | 534 | $6.54 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $351 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 351 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 192 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 763 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 955 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $1306 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $351 | $535 |
| Net realized gain (loss) | Net realized gain (loss) | 192 | (52) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 763 | (232) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 1306 | 251 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 285 | 285 |
| Cost of units redeemed | Cost of units redeemed | (12386) | (132) |
| Account charges | Account charges | (1368) | (1448) |
| Increase (decrease) | Increase (decrease) | (13469) | (1295) |
| Net increase (decrease) | Net increase (decrease) | (12163) | (1044) |
| Net assets, beginning | Net assets, beginning | 15656 | 16700 |
| Net assets, ending | Net assets, ending | $3493 | $15656 |
| Units sold | Units sold | 50 | 48 |
| Units redeemed | Units redeemed | (2130) | (266) |
| Net increase (decrease) | Net increase (decrease) | (2080) | (218) |
| Units outstanding, beginning | Units outstanding, beginning | 2614 | 2832 |
| Units outstanding, ending | Units outstanding, ending | 534 | 2614 |
| *\* Date of Fund Inception into Variable Account: 4 /28 /2011* | *\* Date of Fund Inception into Variable Account: 4 /28 /2011* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $67643 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (69198) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 4343 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 339 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 275 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 91 |
| Net assets | Net assets | Net assets | $3493 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 6.54 | 1 | $3 | N/A | 9.2% |
| 12/31/2024 | 5.99 | 3 | 16 | N/A | 1.6% |
| 12/31/2023 | 5.90 | 3 | 17 | N/A | 5.7% |
| 12/31/2022 | 5.58 | 3 | 19 | N/A | -14.1% |
| 12/31/2021 | 6.50 | 1 | 7 | N/A | -1.0% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 3.7% |  |  |  |  |
| 2024 | 3.3% |  |  |  |  |
| 2023 | 2.6% |  |  |  |  |
| 2022 | 1.0% |  |  |  |  |
| 2021 | 1.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Diversified Dividend Fund Series I Class - 02-861** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Diversified Dividend Fund Series I Class - 02-861** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Diversified Dividend Fund Series I Class - 02-861** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Diversified Dividend Fund Series I Class - 02-861** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $179719 | $155309 | 6603 |
| Receivables: investments sold | 36 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $179755 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $179755 | 9024 | $19.92 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $2771 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 2771 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 4035 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 13251 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 5031 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 22317 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $25088 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $2771 | $3208 |
| Net realized gain (loss) | Net realized gain (loss) | 4035 | 1704 |
| Realized gain distributions | Realized gain distributions | 13251 | 6829 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 5031 | 8941 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 25088 | 20682 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 3149 | 8169 |
| Cost of units redeemed | Cost of units redeemed | (13708) | (1207) |
| Account charges | Account charges | (8067) | (9715) |
| Increase (decrease) | Increase (decrease) | (18626) | (2753) |
| Net increase (decrease) | Net increase (decrease) | 6462 | 17929 |
| Net assets, beginning | Net assets, beginning | 173293 | 155364 |
| Net assets, ending | Net assets, ending | $179755 | $173293 |
| Units sold | Units sold | 186 | 517 |
| Units redeemed | Units redeemed | (1230) | (669) |
| Net increase (decrease) | Net increase (decrease) | (1044) | (152) |
| Units outstanding, beginning | Units outstanding, beginning | 10068 | 10220 |
| Units outstanding, ending | Units outstanding, ending | 9024 | 10068 |
| *\* Date of Fund Inception into Variable Account: 4 /28 /2011* | *\* Date of Fund Inception into Variable Account: 4 /28 /2011* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $1301884 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (1371487) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 50022 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 94152 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 80774 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 24410 |
| Net assets | Net assets | Net assets | $179755 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 19.92 | 9 | $180 | N/A | 15.7% |
| 12/31/2024 | 17.21 | 10 | 173 | N/A | 13.2% |
| 12/31/2023 | 15.20 | 10 | 155 | N/A | 9.0% |
| 12/31/2022 | 13.94 | 12 | 167 | N/A | -1.7% |
| 12/31/2021 | 14.18 | 14 | 194 | N/A | 18.9% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.6% |  |  |  |  |
| 2024 | 2.0% |  |  |  |  |
| 2023 | 1.9% |  |  |  |  |
| 2022 | 1.8% |  |  |  |  |
| 2021 | 2.2% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Health Care Fund Series I Class - 02-815** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Health Care Fund Series I Class - 02-815** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Health Care Fund Series I Class - 02-815** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Health Care Fund Series I Class - 02-815** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $456707 | $427873 | 15283 |
| Receivables: investments sold | 108 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $456815 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $456815 | 17325 | $26.37 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 1197 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 17610 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 43366 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 62173 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $62173 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $- |
| Net realized gain (loss) | Net realized gain (loss) | 1197 | 2082 |
| Realized gain distributions | Realized gain distributions | 17610 |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 43366 | 18651 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 62173 | 20733 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 10266 | 12023 |
| Cost of units redeemed | Cost of units redeemed | (38725) | (29185) |
| Account charges | Account charges | (13606) | (15188) |
| Increase (decrease) | Increase (decrease) | (42065) | (32350) |
| Net increase (decrease) | Net increase (decrease) | 20108 | (11617) |
| Net assets, beginning | Net assets, beginning | 436707 | 448324 |
| Net assets, ending | Net assets, ending | $456815 | $436707 |
| Units sold | Units sold | 429 | 506 |
| Units redeemed | Units redeemed | (2205) | (1831) |
| Net increase (decrease) | Net increase (decrease) | (1776) | (1325) |
| Units outstanding, beginning | Units outstanding, beginning | 19101 | 20426 |
| Units outstanding, ending | Units outstanding, ending | 17325 | 19101 |
| *\* Date of Fund Inception into Variable Account: 8 /28 /2001* | *\* Date of Fund Inception into Variable Account: 8 /28 /2001* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $6987765 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (7346308) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 9115 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 301465 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 475944 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 28834 |
| Net assets | Net assets | Net assets | $456815 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 26.37 | 17 | $457 | N/A | 15.3% |
| 12/31/2024 | 22.86 | 19 | 437 | N/A | 4.2% |
| 12/31/2023 | 21.95 | 20 | 448 | N/A | 3.0% |
| 12/31/2022 | 21.30 | 21 | 446 | N/A | -13.3% |
| 12/31/2021 | 24.58 | 23 | 554 | N/A | 12.3% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.2% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Global Real Estate Fund Series I Class - 02-825** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Global Real Estate Fund Series I Class - 02-825** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Global Real Estate Fund Series I Class - 02-825** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Global Real Estate Fund Series I Class - 02-825** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $75132 | $82585 | 5307 |
| Receivables: investments sold | 18 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $75150 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $75150 | 9883 | $7.60 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $1499 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1499 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 5 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 3970 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 3975 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $5474 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $1499 | $1858 |
| Net realized gain (loss) | Net realized gain (loss) | 5 | (26) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 3970 | (3365) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 5474 | (1533) |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 2373 | 2947 |
| Cost of units redeemed | Cost of units redeemed | (141) | (6694) |
| Account charges | Account charges | (2712) | (2811) |
| Increase (decrease) | Increase (decrease) | (480) | (6558) |
| Net increase (decrease) | Net increase (decrease) | 4994 | (8091) |
| Net assets, beginning | Net assets, beginning | 70156 | 78247 |
| Net assets, ending | Net assets, ending | $75150 | $70156 |
| Units sold | Units sold | 320 | 418 |
| Units redeemed | Units redeemed | (388) | (1365) |
| Net increase (decrease) | Net increase (decrease) | (68) | (947) |
| Units outstanding, beginning | Units outstanding, beginning | 9951 | 10898 |
| Units outstanding, ending | Units outstanding, ending | 9883 | 9951 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $6835091 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (8424488) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1007594 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 320155 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 344251 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (7453) |
| Net assets | Net assets | Net assets | $75150 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 7.60 | 10 | $75 | N/A | 7.9% |
| 12/31/2024 | 7.05 | 10 | 70 | N/A | -1.8% |
| 12/31/2023 | 7.18 | 11 | 78 | N/A | 9.0% |
| 12/31/2022 | 6.58 | 13 | 83 | N/A | -24.9% |
| 12/31/2021 | 8.77 | 17 | 148 | N/A | 25.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.1% |  |  |  |  |
| 2024 | 2.5% |  |  |  |  |
| 2023 | 1.4% |  |  |  |  |
| 2022 | 2.6% |  |  |  |  |
| 2021 | 0.3% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. High Yield Fund Series I Class - 02-830** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. High Yield Fund Series I Class - 02-830** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. High Yield Fund Series I Class - 02-830** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. High Yield Fund Series I Class - 02-830** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $93650 | $101821 | 19760 |
| Receivables: investments sold | 12 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $93662 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $93662 | 5808 | $16.13 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $6427 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 6427 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (938) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 484 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | (454) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $5973 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $6427 | $5511 |
| Net realized gain (loss) | Net realized gain (loss) | (938) | (719) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 484 | 2418 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 5973 | 7210 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 1239 | 1083 |
| Cost of units redeemed | Cost of units redeemed | (9234) | (5577) |
| Account charges | Account charges | (3048) | (3381) |
| Increase (decrease) | Increase (decrease) | (11043) | (7875) |
| Net increase (decrease) | Net increase (decrease) | (5070) | (665) |
| Net assets, beginning | Net assets, beginning | 98732 | 99397 |
| Net assets, ending | Net assets, ending | $93662 | $98732 |
| Units sold | Units sold | 78 | 81 |
| Units redeemed | Units redeemed | (805) | (633) |
| Net increase (decrease) | Net increase (decrease) | (727) | (552) |
| Units outstanding, beginning | Units outstanding, beginning | 6535 | 7087 |
| Units outstanding, ending | Units outstanding, ending | 5808 | 6535 |
| *\* Date of Fund Inception into Variable Account: 4 /29 /2004* | *\* Date of Fund Inception into Variable Account: 4 /29 /2004* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $6330052 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (7154328) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1047672 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (121563) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (8171) |
| Net assets | Net assets | Net assets | $93662 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 16.13 | 6 | $94 | N/A | 6.7% |
| 12/31/2024 | 15.11 | 7 | 99 | N/A | 7.7% |
| 12/31/2023 | 14.03 | 7 | 99 | N/A | 10.2% |
| 12/31/2022 | 12.73 | 9 | 109 | N/A | -9.6% |
| 12/31/2021 | 14.07 | 9 | 125 | N/A | 4.4% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 6.7% |  |  |  |  |
| 2024 | 5.6% |  |  |  |  |
| 2023 | 4.8% |  |  |  |  |
| 2022 | 4.5% |  |  |  |  |
| 2021 | 4.8% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Core Equity Fund Series II Class - 02-826** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Core Equity Fund Series II Class - 02-826** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Core Equity Fund Series II Class - 02-826** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. Core Equity Fund Series II Class - 02-826** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $4196 | $3766 | 117 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $4196 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $4196 | 141 | $29.85 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $16 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 16 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (5) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 299 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 268 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 562 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $578 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $16 | $17 |
| Net realized gain (loss) | Net realized gain (loss) | (5) | (10) |
| Realized gain distributions | Realized gain distributions | 299 | 295 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 268 | 458 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 578 | 760 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 1 | (4) |
| Cost of units redeemed | Cost of units redeemed |  | 2 |
| Account charges | Account charges | (92) | (80) |
| Increase (decrease) | Increase (decrease) | (91) | (82) |
| Net increase (decrease) | Net increase (decrease) | 487 | 678 |
| Net assets, beginning | Net assets, beginning | 3709 | 3031 |
| Net assets, ending | Net assets, ending | $4196 | $3709 |
| Units sold | Units sold |  |  |
| Units redeemed | Units redeemed | (3) | (3) |
| Net increase (decrease) | Net increase (decrease) | (3) | (3) |
| Units outstanding, beginning | Units outstanding, beginning | 144 | 147 |
| Units outstanding, ending | Units outstanding, ending | 141 | 144 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $14598 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (13242) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 222 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (79) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2267 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 430 |
| Net assets | Net assets | Net assets | $4196 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 29.85 | 0 | $4 | N/A | 15.9% |
| 12/31/2024 | 25.76 | 0 | 4 | N/A | 25.3% |
| 12/31/2023 | 20.56 | 0 | 3 | N/A | 23.1% |
| 12/31/2022 | 16.70 | 0 | 3 | N/A | -20.8% |
| 12/31/2021 | 21.08 | 0 | 3 | N/A | 27.4% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.4% |  |  |  |  |
| 2024 | 0.5% |  |  |  |  |
| 2023 | 0.5% |  |  |  |  |
| 2022 | 0.6% |  |  |  |  |
| 2021 | 0.4% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. International Growth Fund Series II Class - 02-827** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. International Growth Fund Series II Class - 02-827** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. International Growth Fund Series II Class - 02-827** | **AUL American Individual Variable Life Unit Trust<br> Invesco V.I. International Growth Fund Series II Class - 02-827** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $39217 | $36484 | 1108 |
| Receivables: investments sold | 6 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $39223 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $39223 | 2363 | $16.60 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $446 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 446 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 110 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2435 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 2680 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 5225 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $5671 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $446 | $573 |
| Net realized gain (loss) | Net realized gain (loss) | 110 | 1212 |
| Realized gain distributions | Realized gain distributions | 2435 | 198 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 2680 | (1273) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 5671 | 710 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 1628 | 11125 |
| Cost of units redeemed | Cost of units redeemed | (2195) | (19451) |
| Account charges | Account charges | (1823) | (2013) |
| Increase (decrease) | Increase (decrease) | (2390) | (10339) |
| Net increase (decrease) | Net increase (decrease) | 3281 | (9629) |
| Net assets, beginning | Net assets, beginning | 35942 | 45571 |
| Net assets, ending | Net assets, ending | $39223 | $35942 |
| Units sold | Units sold | 106 | 804 |
| Units redeemed | Units redeemed | (260) | (1490) |
| Net increase (decrease) | Net increase (decrease) | (154) | (686) |
| Units outstanding, beginning | Units outstanding, beginning | 2517 | 3203 |
| Units outstanding, ending | Units outstanding, ending | 2363 | 2517 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $4505273 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (6206827) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 176412 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 1542799 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 18833 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 2733 |
| Net assets | Net assets | Net assets | $39223 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 16.60 | 2 | $39 | N/A | 16.2% |
| 12/31/2024 | 14.28 | 3 | 36 | N/A | 0.3% |
| 12/31/2023 | 14.23 | 3 | 46 | N/A | 17.9% |
| 12/31/2022 | 12.07 | 3 | 41 | N/A | -18.5% |
| 12/31/2021 | 14.81 | 3 | 51 | N/A | 5.6% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.2% |  |  |  |  |
| 2024 | 1.4% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 1.3% |  |  |  |  |
| 2021 | 1.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Mid-Cap Growth Portfolio - 02-586** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Mid-Cap Growth Portfolio - 02-586** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Mid-Cap Growth Portfolio - 02-586** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Mid-Cap Growth Portfolio - 02-586** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $3170598 | $3260733 | 121017 |
| Receivables: investments sold | 61 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $3170659 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $3170659 | 64407 | $49.23 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 18425 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 400657 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (307804) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 111278 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $111278 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $- |
| Net realized gain (loss) | Net realized gain (loss) | 18425 | 62159 |
| Realized gain distributions | Realized gain distributions | 400657 | 293144 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (307804) | (54389) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 111278 | 300914 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 88238 | 95273 |
| Cost of units redeemed | Cost of units redeemed | (172068) | (387232) |
| Account charges | Account charges | (100009) | (107808) |
| Increase (decrease) | Increase (decrease) | (183839) | (399767) |
| Net increase (decrease) | Net increase (decrease) | (72561) | (98853) |
| Net assets, beginning | Net assets, beginning | 3243220 | 3342073 |
| Net assets, ending | Net assets, ending | $3170659 | $3243220 |
| Units sold | Units sold | 1905 | 2139 |
| Units redeemed | Units redeemed | (5714) | (10769) |
| Net increase (decrease) | Net increase (decrease) | (3809) | (8630) |
| Units outstanding, beginning | Units outstanding, beginning | 68216 | 76846 |
| Units outstanding, ending | Units outstanding, ending | 64407 | 68216 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2000* | *\* Date of Fund Inception into Variable Account: 5 /1 /2000* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $7295438 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (11186472) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 13082 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 1390702 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 5748044 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (90135) |
| Net assets | Net assets | Net assets | $3170659 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 49.23 | 64 | $3171 | N/A | 3.5% |
| 12/31/2024 | 47.54 | 68 | 3243 | N/A | 9.3% |
| 12/31/2023 | 43.49 | 77 | 3342 | N/A | 20.0% |
| 12/31/2022 | 36.25 | 84 | 3061 | N/A | -22.6% |
| 12/31/2021 | 46.83 | 92 | 4286 | N/A | 14.8% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Blue Chip Growth Portfolio - 02-124** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Blue Chip Growth Portfolio - 02-124** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Blue Chip Growth Portfolio - 02-124** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Blue Chip Growth Portfolio - 02-124** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $641212 | $362999 | 9816 |
| Receivables: investments sold | 107 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $641319 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $641319 | 11014 | $58.23 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 18293 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 53496 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 30985 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 102774 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $102774 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $- |
| Net realized gain (loss) | Net realized gain (loss) | 18293 | 22058 |
| Realized gain distributions | Realized gain distributions | 53496 | 22820 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 30985 | 106765 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 102774 | 151643 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 16291 | 34718 |
| Cost of units redeemed | Cost of units redeemed | (25125) | (38435) |
| Account charges | Account charges | (19000) | (20691) |
| Increase (decrease) | Increase (decrease) | (27834) | (24408) |
| Net increase (decrease) | Net increase (decrease) | 74940 | 127235 |
| Net assets, beginning | Net assets, beginning | 566379 | 439144 |
| Net assets, ending | Net assets, ending | $641319 | $566379 |
| Units sold | Units sold | 356 | 829 |
| Units redeemed | Units redeemed | (891) | (1415) |
| Net increase (decrease) | Net increase (decrease) | (535) | (586) |
| Units outstanding, beginning | Units outstanding, beginning | 11549 | 12135 |
| Units outstanding, ending | Units outstanding, ending | 11014 | 11549 |
| *\* Date of Fund Inception into Variable Account: 4 /29 /2005* | *\* Date of Fund Inception into Variable Account: 4 /29 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $15510643 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (23411040) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 5490 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 6185097 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2072916 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 278213 |
| Net assets | Net assets | Net assets | $641319 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 58.23 | 11 | $641 | N/A | 18.7% |
| 12/31/2024 | 49.04 | 12 | 566 | N/A | 35.5% |
| 12/31/2023 | 36.19 | 12 | 439 | N/A | 49.3% |
| 12/31/2022 | 24.24 | 244 | 5925 | N/A | -38.5% |
| 12/31/2021 | 39.42 | 246 | 9713 | N/A | 17.6% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Equity Income Portfolio - 02-580** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Equity Income Portfolio - 02-580** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Equity Income Portfolio - 02-580** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Equity Income Portfolio - 02-580** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $5744555 | $5190933 | 198717 |
| Receivables: investments sold | 364 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $5744919 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $5744919 | 158510 | $36.24 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $90353 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 90353 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 74327 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 545963 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 34651 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 654941 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $745294 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $90353 | $100863 |
| Net realized gain (loss) | Net realized gain (loss) | 74327 | 76933 |
| Realized gain distributions | Realized gain distributions | 545963 | 355607 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 34651 | 73178 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 745294 | 606581 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 142694 | 148202 |
| Cost of units redeemed | Cost of units redeemed | (404431) | (399877) |
| Account charges | Account charges | (204384) | (220000) |
| Increase (decrease) | Increase (decrease) | (466121) | (471675) |
| Net increase (decrease) | Net increase (decrease) | 279173 | 134906 |
| Net assets, beginning | Net assets, beginning | 5465746 | 5330840 |
| Net assets, ending | Net assets, ending | $5744919 | $5465746 |
| Units sold | Units sold | 4426 | 5514 |
| Units redeemed | Units redeemed | (18381) | (20939) |
| Net increase (decrease) | Net increase (decrease) | (13955) | (15425) |
| Units outstanding, beginning | Units outstanding, beginning | 172465 | 187890 |
| Units outstanding, ending | Units outstanding, ending | 158510 | 172465 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $22703739 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (27642175) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 2905338 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 1783703 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 5440692 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 553622 |
| Net assets | Net assets | Net assets | $5744919 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 36.24 | 159 | $5745 | N/A | 14.4% |
| 12/31/2024 | 31.69 | 172 | 5466 | N/A | 11.7% |
| 12/31/2023 | 28.37 | 188 | 5331 | N/A | 9.5% |
| 12/31/2022 | 25.90 | 201 | 5219 | N/A | -3.3% |
| 12/31/2021 | 26.80 | 222 | 5937 | N/A | 25.5% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.6% |  |  |  |  |
| 2024 | 1.9% |  |  |  |  |
| 2023 | 2.0% |  |  |  |  |
| 2022 | 1.8% |  |  |  |  |
| 2021 | 1.6% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Limited-Term Bond Portfolio - 02-585** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Limited-Term Bond Portfolio - 02-585** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Limited-Term Bond Portfolio - 02-585** | **AUL American Individual Variable Life Unit Trust<br> T. Rowe Price Limited-Term Bond Portfolio - 02-585** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $692426 | $710138 | 145843 |
| Receivables: investments sold | 331 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $692757 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $692757 | 63271 | $10.95 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $30088 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 30088 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (1940) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 10799 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 8859 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $38947 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $30088 | $29465 |
| Net realized gain (loss) | Net realized gain (loss) | (1940) | (3331) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 10799 | 7815 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 38947 | 33949 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 33271 | 37491 |
| Cost of units redeemed | Cost of units redeemed | (42608) | (56762) |
| Account charges | Account charges | (22596) | (23680) |
| Increase (decrease) | Increase (decrease) | (31933) | (42951) |
| Net increase (decrease) | Net increase (decrease) | 7014 | (9002) |
| Net assets, beginning | Net assets, beginning | 685743 | 694745 |
| Net assets, ending | Net assets, ending | $692757 | $685743 |
| Units sold | Units sold | 3438 | 3765 |
| Units redeemed | Units redeemed | (6384) | (7968) |
| Net increase (decrease) | Net increase (decrease) | (2946) | (4203) |
| Units outstanding, beginning | Units outstanding, beginning | 66217 | 70420 |
| Units outstanding, ending | Units outstanding, ending | 63271 | 66217 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2000* | *\* Date of Fund Inception into Variable Account: 5 /1 /2000* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $16123931 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (16823552) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1452061 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (111780) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 69809 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (17712) |
| Net assets | Net assets | Net assets | $692757 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 10.95 | 63 | $693 | N/A | 5.7% |
| 12/31/2024 | 10.36 | 66 | 686 | N/A | 5.0% |
| 12/31/2023 | 9.87 | 70 | 695 | N/A | 4.9% |
| 12/31/2022 | 9.40 | 80 | 756 | N/A | -4.5% |
| 12/31/2021 | 9.85 | 85 | 834 | N/A | 0.1% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 4.4% |  |  |  |  |
| 2024 | 4.3% |  |  |  |  |
| 2023 | 3.3% |  |  |  |  |
| 2022 | 1.9% |  |  |  |  |
| 2021 | 1.3% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> AB VPS Discovery Val Port A Class - 02-378** | **AUL American Individual Variable Life Unit Trust<br> AB VPS Discovery Val Port A Class - 02-378** | **AUL American Individual Variable Life Unit Trust<br> AB VPS Discovery Val Port A Class - 02-378** | **AUL American Individual Variable Life Unit Trust<br> AB VPS Discovery Val Port A Class - 02-378** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $71697 | $86569 | 4321 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $71697 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $71697 | 3510 | $20.43 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $646 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 646 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (2519) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 8362 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (4827) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 1016 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $1662 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $646 | $1301 |
| Net realized gain (loss) | Net realized gain (loss) | (2519) | (3658) |
| Realized gain distributions | Realized gain distributions | 8362 | 7411 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (4827) | 11918 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 1662 | 16972 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 1917 | 3806 |
| Cost of units redeemed | Cost of units redeemed | (17542) | (68694) |
| Account charges | Account charges | (3857) | (7092) |
| Increase (decrease) | Increase (decrease) | (19482) | (71980) |
| Net increase (decrease) | Net increase (decrease) | (17820) | (55008) |
| Net assets, beginning | Net assets, beginning | 89517 | 144525 |
| Net assets, ending | Net assets, ending | $71697 | $89517 |
| Units sold | Units sold | 104 | 224 |
| Units redeemed | Units redeemed | (1103) | (3724) |
| Net increase (decrease) | Net increase (decrease) | (999) | (3500) |
| Units outstanding, beginning | Units outstanding, beginning | 4509 | 8009 |
| Units outstanding, ending | Units outstanding, ending | 3510 | 4509 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $2522816 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (3493546) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 46188 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 749522 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 261589 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (14872) |
| Net assets | Net assets | Net assets | $71697 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 20.43 | 4 | $72 | N/A | 2.9% |
| 12/31/2024 | 19.85 | 5 | 90 | N/A | 10.0% |
| 12/31/2023 | 18.04 | 8 | 145 | N/A | 17.2% |
| 12/31/2022 | 15.40 | 11 | 170 | N/A | -15.6% |
| 12/31/2021 | 18.25 | 11 | 210 | N/A | 35.9% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.8% |  |  |  |  |
| 2024 | 1.1% |  |  |  |  |
| 2023 | 1.0% |  |  |  |  |
| 2022 | 1.0% |  |  |  |  |
| 2021 | 1.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> AB VPS International Value Portfolio A Class - 02-377** | **AUL American Individual Variable Life Unit Trust<br> AB VPS International Value Portfolio A Class - 02-377** | **AUL American Individual Variable Life Unit Trust<br> AB VPS International Value Portfolio A Class - 02-377** | **AUL American Individual Variable Life Unit Trust<br> AB VPS International Value Portfolio A Class - 02-377** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $35090 | $21603 | 1677 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $35090 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $35090 | 4932 | $7.11 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $792 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 792 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 173 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 9427 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 9600 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $10392 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $792 | $686 |
| Net realized gain (loss) | Net realized gain (loss) | 173 | 66 |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 9427 | 460 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 10392 | 1212 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 410 | 467 |
| Cost of units redeemed | Cost of units redeemed | (246) | (35) |
| Account charges | Account charges | (529) | (451) |
| Increase (decrease) | Increase (decrease) | (365) | (19) |
| Net increase (decrease) | Net increase (decrease) | 10027 | 1193 |
| Net assets, beginning | Net assets, beginning | 25063 | 23870 |
| Net assets, ending | Net assets, ending | $35090 | $25063 |
| Units sold | Units sold | 66 | 93 |
| Units redeemed | Units redeemed | (126) | (96) |
| Net increase (decrease) | Net increase (decrease) | (60) | (3) |
| Units outstanding, beginning | Units outstanding, beginning | 4992 | 4995 |
| Units outstanding, ending | Units outstanding, ending | 4932 | 4992 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $6535761 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (5207168) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 132133 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (1439123) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 13487 |
| Net assets | Net assets | Net assets | $35090 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 7.11 | 5 | $35 | N/A | 41.7% |
| 12/31/2024 | 5.02 | 5 | 25 | N/A | 5.1% |
| 12/31/2023 | 4.78 | 5 | 24 | N/A | 15.1% |
| 12/31/2022 | 4.15 | 5 | 21 | N/A | -13.6% |
| 12/31/2021 | 4.80 | 5 | 24 | N/A | 11.1% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.6% |  |  |  |  |
| 2024 | 2.8% |  |  |  |  |
| 2023 | 0.8% |  |  |  |  |
| 2022 | 4.3% |  |  |  |  |
| 2021 | 1.7% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Ultra Fund I Class - 02-122** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Ultra Fund I Class - 02-122** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Ultra Fund I Class - 02-122** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Ultra Fund I Class - 02-122** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $55526 | $47297 | 1764 |
| Receivables: investments sold | 53 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $55579 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $55579 | 1043 | $53.27 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 5496 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 6154 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (2455) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 9195 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $9195 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $- |
| Net realized gain (loss) | Net realized gain (loss) | 5496 | 6762 |
| Realized gain distributions | Realized gain distributions | 6154 | 3817 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (2455) | 1691 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 9195 | 12270 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 18046 | 20492 |
| Cost of units redeemed | Cost of units redeemed | (22320) | (23017) |
| Account charges | Account charges | (1949) | (1593) |
| Increase (decrease) | Increase (decrease) | (6223) | (4118) |
| Net increase (decrease) | Net increase (decrease) | 2972 | 8152 |
| Net assets, beginning | Net assets, beginning | 52607 | 44455 |
| Net assets, ending | Net assets, ending | $55579 | $52607 |
| Units sold | Units sold | 398 | 503 |
| Units redeemed | Units redeemed | (469) | (602) |
| Net increase (decrease) | Net increase (decrease) | (71) | (99) |
| Units outstanding, beginning | Units outstanding, beginning | 1114 | 1213 |
| Units outstanding, ending | Units outstanding, ending | 1043 | 1114 |
| *\* Date of Fund Inception into Variable Account: 4 /29 /2005* | *\* Date of Fund Inception into Variable Account: 4 /29 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $1611597 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (1766825) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1574 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 115505 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 85499 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 8229 |
| Net assets | Net assets | Net assets | $55579 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 53.27 | 1 | $56 | N/A | 12.8% |
| 12/31/2024 | 47.20 | 1 | 53 | N/A | 28.8% |
| 12/31/2023 | 36.65 | 1 | 44 | N/A | 43.5% |
| 12/31/2022 | 25.54 | 2 | 49 | N/A | -32.4% |
| 12/31/2021 | 37.77 | 4 | 150 | N/A | 23.2% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

---

| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Mid Cap Value Fund II Class - 02-397** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Mid Cap Value Fund II Class - 02-397** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Mid Cap Value Fund II Class - 02-397** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Mid Cap Value Fund II Class - 02-397** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $163822 | $171015 | 8449 |
| Receivables: investments sold | 53 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $163875 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $163875 | 5178 | $31.65 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $2630 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 2630 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (100) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 13091 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (2323) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 10668 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $13298 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $2630 | $3617 |
| Net realized gain (loss) | Net realized gain (loss) | (100) | (96) |
| Realized gain distributions | Realized gain distributions | 13091 | 6975 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (2323) | 1577 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 13298 | 12073 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 2911 | 2996 |
| Cost of units redeemed | Cost of units redeemed | (1848) | (1621) |
| Account charges | Account charges | (3190) | (3229) |
| Increase (decrease) | Increase (decrease) | (2127) | (1854) |
| Net increase (decrease) | Net increase (decrease) | 11171 | 10219 |
| Net assets, beginning | Net assets, beginning | 152704 | 142485 |
| Net assets, ending | Net assets, ending | $163875 | $152704 |
| Units sold | Units sold | 98 | 107 |
| Units redeemed | Units redeemed | (171) | (173) |
| Net increase (decrease) | Net increase (decrease) | (73) | (66) |
| Units outstanding, beginning | Units outstanding, beginning | 5251 | 5317 |
| Units outstanding, ending | Units outstanding, ending | 5178 | 5251 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $370908 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (299486) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 19585 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 13200 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 66861 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (7193) |
| Net assets | Net assets | Net assets | $163875 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 31.65 | 5 | $164 | N/A | 8.8% |
| 12/31/2024 | 29.08 | 5 | 153 | N/A | 8.5% |
| 12/31/2023 | 26.80 | 5 | 142 | N/A | 6.0% |
| 12/31/2022 | 25.27 | 6 | 151 | N/A | -1.4% |
| 12/31/2021 | 25.63 | 3 | 77 | N/A | 23.0% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.7% |  |  |  |  |
| 2024 | 2.5% |  |  |  |  |
| 2023 | 2.1% |  |  |  |  |
| 2022 | 1.9% |  |  |  |  |
| 2021 | 1.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Capital Appreciation Fund I Class - 02-410** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Capital Appreciation Fund I Class - 02-410** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Capital Appreciation Fund I Class - 02-410** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Capital Appreciation Fund I Class - 02-410** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $341842 | $324337 | 22542 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | (92) |  |  |
| Net assets | $341750 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $341750 | 6085 | $56.16 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 627 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 54969 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (34022) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 21574 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $21574 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $- |
| Net realized gain (loss) | Net realized gain (loss) | 627 | 549 |
| Realized gain distributions | Realized gain distributions | 54969 | 17723 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (34022) | 45979 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 21574 | 64251 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 6157 | 6963 |
| Cost of units redeemed | Cost of units redeemed | (189) | (3468) |
| Account charges | Account charges | (6672) | (6249) |
| Increase (decrease) | Increase (decrease) | (704) | (2754) |
| Net increase (decrease) | Net increase (decrease) | 20870 | 61497 |
| Net assets, beginning | Net assets, beginning | 320880 | 259383 |
| Net assets, ending | Net assets, ending | $341750 | $320880 |
| Units sold | Units sold | 111 | 145 |
| Units redeemed | Units redeemed | (124) | (207) |
| Net increase (decrease) | Net increase (decrease) | (13) | (62) |
| Units outstanding, beginning | Units outstanding, beginning | 6098 | 6160 |
| Units outstanding, ending | Units outstanding, ending | 6085 | 6098 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $417815 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (373662) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 6798 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 12392 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 260902 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 17505 |
| Net assets | Net assets | Net assets | $341750 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 56.16 | 6 | $342 | N/A | 6.7% |
| 12/31/2024 | 52.62 | 6 | 321 | N/A | 25.0% |
| 12/31/2023 | 42.11 | 6 | 259 | N/A | 20.7% |
| 12/31/2022 | 34.89 | 6 | 215 | N/A | -28.1% |
| 12/31/2021 | 48.53 | 7 | 350 | N/A | 11.2% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Disciplined Core Value Fund I Class - 02-425** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Disciplined Core Value Fund I Class - 02-425** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Disciplined Core Value Fund I Class - 02-425** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century Disciplined Core Value Fund I Class - 02-425** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $1551555 | $1508893 | 160293 |
| Receivables: investments sold | 86 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $1551641 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $1551641 | 58916 | $26.34 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $25623 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 25623 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (6211) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 198211 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 192000 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $217623 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $25623 | $21336 |
| Net realized gain (loss) | Net realized gain (loss) | (6211) | 7273 |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 198211 | 167983 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 217623 | 196592 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 34761 | 59117 |
| Cost of units redeemed | Cost of units redeemed | (256804) | (111972) |
| Account charges | Account charges | (53935) | (56172) |
| Increase (decrease) | Increase (decrease) | (275978) | (109027) |
| Net increase (decrease) | Net increase (decrease) | (58355) | 87565 |
| Net assets, beginning | Net assets, beginning | 1609996 | 1522431 |
| Net assets, ending | Net assets, ending | $1551641 | $1609996 |
| Units sold | Units sold | 1504 | 4802 |
| Units redeemed | Units redeemed | (12802) | (9676) |
| Net increase (decrease) | Net increase (decrease) | (11298) | (4874) |
| Units outstanding, beginning | Units outstanding, beginning | 70214 | 75088 |
| Units outstanding, ending | Units outstanding, ending | 58916 | 70214 |
| *\* Date of Fund Inception into Variable Account: 5 /30 /1999* | *\* Date of Fund Inception into Variable Account: 5 /30 /1999* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $24644185 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (29681621) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1682877 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (455841) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 5319379 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 42662 |
| Net assets | Net assets | Net assets | $1551641 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 26.34 | 59 | $1552 | N/A | 14.9% |
| 12/31/2024 | 22.93 | 70 | 1610 | N/A | 13.1% |
| 12/31/2023 | 20.28 | 75 | 1522 | N/A | 8.7% |
| 12/31/2022 | 18.66 | 295 | 5505 | N/A | -12.7% |
| 12/31/2021 | 21.38 | 343 | 7327 | N/A | 23.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.6% |  |  |  |  |
| 2024 | 1.4% |  |  |  |  |
| 2023 | 1.1% |  |  |  |  |
| 2022 | 1.6% |  |  |  |  |
| 2021 | 1.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> LVIP American Century International Fund I Class - 02-420** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century International Fund I Class - 02-420** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century International Fund I Class - 02-420** | **AUL American Individual Variable Life Unit Trust<br> LVIP American Century International Fund I Class - 02-420** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $1572723 | $1360814 | 128446 |
| Receivables: investments sold | 110 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $1572833 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $1572833 | 89061 | $17.66 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $18559 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 18559 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 1163614 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 33133 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 1196747 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $1215306 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $18559 | $148841 |
| Net realized gain (loss) | Net realized gain (loss) | 1163614 | 13494 |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 33133 | 101553 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 1215306 | 263888 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 166252 | 333822 |
| Cost of units redeemed | Cost of units redeemed | (8287275) | (666607) |
| Account charges | Account charges | (173212) | (353822) |
| Increase (decrease) | Increase (decrease) | (8294235) | (686607) |
| Net increase (decrease) | Net increase (decrease) | (7078929) | (422719) |
| Net assets, beginning | Net assets, beginning | 8651762 | 9074481 |
| Net assets, ending | Net assets, ending | $1572833 | $8651762 |
| Units sold | Units sold | 12734 | 24626 |
| Units redeemed | Units redeemed | (491886) | (67914) |
| Net increase (decrease) | Net increase (decrease) | (479152) | (43288) |
| Units outstanding, beginning | Units outstanding, beginning | 568213 | 611501 |
| Units outstanding, ending | Units outstanding, ending | 89061 | 568213 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $30767339 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (34760485) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1145844 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 1446452 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2761774 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 211909 |
| Net assets | Net assets | Net assets | $1572833 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 17.66 | 89 | $1573 | N/A | 16.0% |
| 12/31/2024 | 15.23 | 568 | 8652 | N/A | 2.6% |
| 12/31/2023 | 14.84 | 612 | 9074 | N/A | 12.6% |
| 12/31/2022 | 13.18 | 594 | 7831 | N/A | -24.8% |
| 12/31/2021 | 17.52 | 593 | 10381 | N/A | 8.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.4% |  |  |  |  |
| 2024 | 1.7% |  |  |  |  |
| 2023 | 1.3% |  |  |  |  |
| 2022 | 1.3% |  |  |  |  |
| 2021 | 0.2% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Calvert VP SRI Mid Cap Growth Portfolio - 02-520** | **AUL American Individual Variable Life Unit Trust<br> Calvert VP SRI Mid Cap Growth Portfolio - 02-520** | **AUL American Individual Variable Life Unit Trust<br> Calvert VP SRI Mid Cap Growth Portfolio - 02-520** | **AUL American Individual Variable Life Unit Trust<br> Calvert VP SRI Mid Cap Growth Portfolio - 02-520** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $78490 | $85186 | 2965 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $78490 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $78490 | 3636 | $21.59 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $291 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 291 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (317) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 4665 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (3483) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 865 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $1156 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $291 | $90 |
| Net realized gain (loss) | Net realized gain (loss) | (317) | (924) |
| Realized gain distributions | Realized gain distributions | 4665 | 713 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (3483) | 7645 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 1156 | 7524 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 7342 | 5328 |
| Cost of units redeemed | Cost of units redeemed | (3235) | (9356) |
| Account charges | Account charges | (2775) | (2813) |
| Increase (decrease) | Increase (decrease) | 1332 | (6841) |
| Net increase (decrease) | Net increase (decrease) | 2488 | 683 |
| Net assets, beginning | Net assets, beginning | 76002 | 75319 |
| Net assets, ending | Net assets, ending | $78490 | $76002 |
| Units sold | Units sold | 346 | 268 |
| Units redeemed | Units redeemed | (282) | (598) |
| Net increase (decrease) | Net increase (decrease) | 64 | (330) |
| Units outstanding, beginning | Units outstanding, beginning | 3572 | 3902 |
| Units outstanding, ending | Units outstanding, ending | 3636 | 3572 |
| *\* Date of Fund Inception into Variable Account: 5 /28 /2004* | *\* Date of Fund Inception into Variable Account: 5 /28 /2004* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $879989 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (916327) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 2899 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 25595 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 93030 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (6696) |
| Net assets | Net assets | Net assets | $78490 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 21.59 | 4 | $78 | N/A | 1.5% |
| 12/31/2024 | 21.28 | 4 | 76 | N/A | 10.2% |
| 12/31/2023 | 19.30 | 4 | 75 | N/A | 11.6% |
| 12/31/2022 | 17.29 | 4 | 68 | N/A | -19.5% |
| 12/31/2021 | 21.47 | 5 | 104 | N/A | 15.0% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.4% |  |  |  |  |
| 2024 | 0.1% |  |  |  |  |
| 2023 | 0.2% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.2% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Investment Portfolios, Technology Growth Port Service Class - 02-650** | **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Investment Portfolios, Technology Growth Port Service Class - 02-650** | **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Investment Portfolios, Technology Growth Port Service Class - 02-650** | **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Investment Portfolios, Technology Growth Port Service Class - 02-650** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $388272 | $398699 | 22201 |
| Receivables: investments sold | 30 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $388302 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $388302 | 6724 | $57.75 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (2027) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 163275 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (76211) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 85037 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $85037 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $- |
| Net realized gain (loss) | Net realized gain (loss) | (2027) | 8401 |
| Realized gain distributions | Realized gain distributions | 163275 |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (76211) | 57335 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 85037 | 65736 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 5169 | 3719 |
| Cost of units redeemed | Cost of units redeemed | (588) | (23960) |
| Account charges | Account charges | (9565) | (8945) |
| Increase (decrease) | Increase (decrease) | (4984) | (29186) |
| Net increase (decrease) | Net increase (decrease) | 80053 | 36550 |
| Net assets, beginning | Net assets, beginning | 308249 | 271699 |
| Net assets, ending | Net assets, ending | $388302 | $308249 |
| Units sold | Units sold | 103 | 115 |
| Units redeemed | Units redeemed | (204) | (833) |
| Net increase (decrease) | Net increase (decrease) | (101) | (718) |
| Units outstanding, beginning | Units outstanding, beginning | 6825 | 7543 |
| Units outstanding, ending | Units outstanding, ending | 6724 | 6825 |
| *\* Date of Fund Inception into Variable Account: 5 /28 /2004* | *\* Date of Fund Inception into Variable Account: 5 /28 /2004* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $2385730 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (2489933) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 312 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 155901 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 346719 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (10427) |
| Net assets | Net assets | Net assets | $388302 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 57.75 | 7 | $388 | N/A | 27.9% |
| 12/31/2024 | 45.16 | 7 | 308 | N/A | 25.4% |
| 12/31/2023 | 36.02 | 8 | 272 | N/A | 59.0% |
| 12/31/2022 | 22.65 | 8 | 173 | N/A | -46.5% |
| 12/31/2021 | 42.36 | 9 | 367 | N/A | 12.6% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Investment Portfolios, Small Cap Stock Index Port Ser Class - 02-646** | **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Investment Portfolios, Small Cap Stock Index Port Ser Class - 02-646** | **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Investment Portfolios, Small Cap Stock Index Port Ser Class - 02-646** | **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Investment Portfolios, Small Cap Stock Index Port Ser Class - 02-646** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $16882 | $17960 | 937 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $16882 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $16882 | 518 | $32.62 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $275 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 275 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (1866) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2095 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (175) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 54 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $329 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $275 | $1049 |
| Net realized gain (loss) | Net realized gain (loss) | (1866) | (1177) |
| Realized gain distributions | Realized gain distributions | 2095 | 2055 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (175) | 7897 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 329 | 9824 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 225 | 2251 |
| Cost of units redeemed | Cost of units redeemed | (15945) | (75739) |
| Account charges | Account charges | (1583) | (4647) |
| Increase (decrease) | Increase (decrease) | (17303) | (78135) |
| Net increase (decrease) | Net increase (decrease) | (16974) | (68311) |
| Net assets, beginning | Net assets, beginning | 33856 | 102167 |
| Net assets, ending | Net assets, ending | $16882 | $33856 |
| Units sold | Units sold | 11 | 78 |
| Units redeemed | Units redeemed | (587) | (2547) |
| Net increase (decrease) | Net increase (decrease) | (576) | (2469) |
| Units outstanding, beginning | Units outstanding, beginning | 1094 | 3563 |
| Units outstanding, ending | Units outstanding, ending | 518 | 1094 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $202120 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (215952) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 4260 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (578) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 28110 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (1078) |
| Net assets | Net assets | Net assets | $16882 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 32.62 | 1 | $17 | N/A | 5.4% |
| 12/31/2024 | 30.96 | 1 | 34 | N/A | 8.0% |
| 12/31/2023 | 28.68 | 4 | 102 | N/A | 15.4% |
| 12/31/2022 | 24.85 | 4 | 101 | N/A | -16.6% |
| 12/31/2021 | 29.82 | 4 | 123 | N/A | 26.1% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.1% |  |  |  |  |
| 2024 | 1.5% |  |  |  |  |
| 2023 | 1.1% |  |  |  |  |
| 2022 | 0.9% |  |  |  |  |
| 2021 | 0.3% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Variable Investment Fund, Appreciation Portfolio Service Cl - 02-645** | **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Variable Investment Fund, Appreciation Portfolio Service Cl - 02-645** | **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Variable Investment Fund, Appreciation Portfolio Service Cl - 02-645** | **AUL American Individual Variable Life Unit Trust<br> BNY Mellon Variable Investment Fund, Appreciation Portfolio Service Cl - 02-645** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $20622 | $21146 | 630 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $20622 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $20622 | 622 | $33.13 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $24 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 24 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (416) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2341 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (571) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 1354 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $1378 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $24 | $31 |
| Net realized gain (loss) | Net realized gain (loss) | (416) | (18) |
| Realized gain distributions | Realized gain distributions | 2341 | 1289 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (571) | 765 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 1378 | 2067 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 7308 | 1742 |
| Cost of units redeemed | Cost of units redeemed | (1903) | (3994) |
| Account charges | Account charges | (1050) | (1213) |
| Increase (decrease) | Increase (decrease) | 4355 | (3465) |
| Net increase (decrease) | Net increase (decrease) | 5733 | (1398) |
| Net assets, beginning | Net assets, beginning | 14889 | 16287 |
| Net assets, ending | Net assets, ending | $20622 | $14889 |
| Units sold | Units sold | 225 | 59 |
| Units redeemed | Units redeemed | (96) | (173) |
| Net increase (decrease) | Net increase (decrease) | 129 | (114) |
| Units outstanding, beginning | Units outstanding, beginning | 493 | 607 |
| Units outstanding, ending | Units outstanding, ending | 622 | 493 |
| *\* Date of Fund Inception into Variable Account: 5 /28 /2004* | *\* Date of Fund Inception into Variable Account: 5 /28 /2004* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $240406 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (269759) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 6973 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 4607 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 38919 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (524) |
| Net assets | Net assets | Net assets | $20622 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 33.13 | 1 | $21 | N/A | 9.8% |
| 12/31/2024 | 30.18 | 0 | 15 | N/A | 12.5% |
| 12/31/2023 | 26.83 | 1 | 16 | N/A | 20.7% |
| 12/31/2022 | 22.24 | 1 | 14 | N/A | -18.3% |
| 12/31/2021 | 27.20 | 1 | 31 | N/A | 26.8% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.1% |  |  |  |  |
| 2024 | 0.2% |  |  |  |  |
| 2023 | 0.5% |  |  |  |  |
| 2022 | 0.4% |  |  |  |  |
| 2021 | 0.2% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2010 Portfolio Initial Class - 02-162** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2010 Portfolio Initial Class - 02-162** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2010 Portfolio Initial Class - 02-162** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2010 Portfolio Initial Class - 02-162** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $377624 | $340956 | 31080 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $377624 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $377624 | 24411 | $15.47 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $12198 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 12198 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 4520 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 5227 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 15592 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 25339 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $37537 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $12198 | $14754 |
| Net realized gain (loss) | Net realized gain (loss) | 4520 | 737 |
| Realized gain distributions | Realized gain distributions | 5227 | 345 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 15592 | 5349 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 37537 | 21185 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 4638 | 4336 |
| Cost of units redeemed | Cost of units redeemed | (63309) | (776) |
| Account charges | Account charges | (11057) | (11987) |
| Increase (decrease) | Increase (decrease) | (69728) | (8427) |
| Net increase (decrease) | Net increase (decrease) | (32191) | 12758 |
| Net assets, beginning | Net assets, beginning | 409815 | 397057 |
| Net assets, ending | Net assets, ending | $377624 | $409815 |
| Units sold | Units sold | 311 | 311 |
| Units redeemed | Units redeemed | (5182) | (925) |
| Net increase (decrease) | Net increase (decrease) | (4871) | (614) |
| Units outstanding, beginning | Units outstanding, beginning | 29282 | 29896 |
| Units outstanding, ending | Units outstanding, ending | 24411 | 29282 |
| *\* Date of Fund Inception into Variable Account: 5 /20 /2005* | *\* Date of Fund Inception into Variable Account: 5 /20 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $445995 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (162151) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 41837 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 2997 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 12278 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 36668 |
| Net assets | Net assets | Net assets | $377624 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 15.47 | 24 | $378 | N/A | 10.5% |
| 12/31/2024 | 14.00 | 29 | 410 | N/A | 5.4% |
| 12/31/2023 | 13.28 | 30 | 397 | N/A | 9.5% |
| 12/31/2022 | 12.13 | 1 | 15 | N/A | -13.5% |
| 12/31/2021 | 14.03 | 1 | 17 | N/A | 5.9% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 3.1% |  |  |  |  |
| 2024 | 3.7% |  |  |  |  |
| 2023 | 5.1% |  |  |  |  |
| 2022 | 2.1% |  |  |  |  |
| 2021 | 1.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2015 Portfolio Initial Class - 02-161** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2015 Portfolio Initial Class - 02-161** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2015 Portfolio Initial Class - 02-161** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2015 Portfolio Initial Class - 02-161** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $426376 | $437785 | 35590 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $426376 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $426376 | 24759 | $17.22 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $12580 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 12580 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (523) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 15455 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 18262 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 33194 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $45774 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $12580 | $12652 |
| Net realized gain (loss) | Net realized gain (loss) | (523) | (578) |
| Realized gain distributions | Realized gain distributions | 15455 | 11457 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 18262 | 730 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 45774 | 24261 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 1 |  |
| Cost of units redeemed | Cost of units redeemed |  |  |
| Account charges | Account charges | (9219) | (8748) |
| Increase (decrease) | Increase (decrease) | (9218) | (8748) |
| Net increase (decrease) | Net increase (decrease) | 36556 | 15513 |
| Net assets, beginning | Net assets, beginning | 389820 | 374307 |
| Net assets, ending | Net assets, ending | $426376 | $389820 |
| Units sold | Units sold |  |  |
| Units redeemed | Units redeemed | (565) | (577) |
| Net increase (decrease) | Net increase (decrease) | (565) | (577) |
| Units outstanding, beginning | Units outstanding, beginning | 25324 | 25901 |
| Units outstanding, ending | Units outstanding, ending | 24759 | 25324 |
| *\* Date of Fund Inception into Variable Account: 5 /20 /2005* | *\* Date of Fund Inception into Variable Account: 5 /20 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $9371927 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (9311402) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 118526 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 92533 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 166201 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (11409) |
| Net assets | Net assets | Net assets | $426376 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 17.22 | 25 | $426 | N/A | 11.9% |
| 12/31/2024 | 15.39 | 25 | 390 | N/A | 6.5% |
| 12/31/2023 | 14.45 | 26 | 374 | N/A | 11.0% |
| 12/31/2022 | 13.02 | 26 | 345 | N/A | -14.6% |
| 12/31/2021 | 15.25 | 27 | 419 | N/A | 7.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 3.1% |  |  |  |  |
| 2024 | 3.3% |  |  |  |  |
| 2023 | 3.6% |  |  |  |  |
| 2022 | 2.1% |  |  |  |  |
| 2021 | 1.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2020 Portfolio Initial Class - 02-159** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2020 Portfolio Initial Class - 02-159** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2020 Portfolio Initial Class - 02-159** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2020 Portfolio Initial Class - 02-159** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $172780 | $165551 | 13030 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $172780 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $172780 | 9261 | $18.66 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $4961 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 4961 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 4510 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 14942 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 7589 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 27041 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $32002 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $4961 | $7848 |
| Net realized gain (loss) | Net realized gain (loss) | 4510 | 73 |
| Realized gain distributions | Realized gain distributions | 14942 | 7478 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 7589 | 4385 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 32002 | 19784 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 6050 | 7791 |
| Cost of units redeemed | Cost of units redeemed | (129423) |  |
| Account charges | Account charges | (9367) | (11058) |
| Increase (decrease) | Increase (decrease) | (132740) | (3267) |
| Net increase (decrease) | Net increase (decrease) | (100738) | 16517 |
| Net assets, beginning | Net assets, beginning | 273518 | 257001 |
| Net assets, ending | Net assets, ending | $172780 | $273518 |
| Units sold | Units sold | 383 | 482 |
| Units redeemed | Units redeemed | (7737) | (683) |
| Net increase (decrease) | Net increase (decrease) | (7354) | (201) |
| Units outstanding, beginning | Units outstanding, beginning | 16615 | 16816 |
| Units outstanding, ending | Units outstanding, ending | 9261 | 16615 |
| *\* Date of Fund Inception into Variable Account: 5 /20 /2005* | *\* Date of Fund Inception into Variable Account: 5 /20 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $980007 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (1091176) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 88711 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 52332 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 135677 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 7229 |
| Net assets | Net assets | Net assets | $172780 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 18.66 | 9 | $173 | N/A | 13.3% |
| 12/31/2024 | 16.46 | 17 | 274 | N/A | 7.7% |
| 12/31/2023 | 15.28 | 17 | 257 | N/A | 12.4% |
| 12/31/2022 | 13.60 | 18 | 241 | N/A | -15.7% |
| 12/31/2021 | 16.13 | 18 | 298 | N/A | 9.5% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.2% |  |  |  |  |
| 2024 | 3.0% |  |  |  |  |
| 2023 | 3.2% |  |  |  |  |
| 2022 | 2.0% |  |  |  |  |
| 2021 | 1.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2025 Portfolio Initial Class - 02-158** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2025 Portfolio Initial Class - 02-158** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2025 Portfolio Initial Class - 02-158** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2025 Portfolio Initial Class - 02-158** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $247045 | $208317 | 14320 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | (10) |  |  |
| Net assets | $247035 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $247035 | 11860 | $20.83 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $6224 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 6224 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 3303 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 8577 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 14870 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 26750 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $32974 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $6224 | $6053 |
| Net realized gain (loss) | Net realized gain (loss) | 3303 | 6923 |
| Realized gain distributions | Realized gain distributions | 8577 | 444 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 14870 | 9162 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 32974 | 22582 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 4374 | 5452 |
| Cost of units redeemed | Cost of units redeemed | (13674) | (40410) |
| Account charges | Account charges | (10910) | (12024) |
| Increase (decrease) | Increase (decrease) | (20210) | (46982) |
| Net increase (decrease) | Net increase (decrease) | 12764 | (24400) |
| Net assets, beginning | Net assets, beginning | 234271 | 258671 |
| Net assets, ending | Net assets, ending | $247035 | $234271 |
| Units sold | Units sold | 230 | 312 |
| Units redeemed | Units redeemed | (1258) | (2859) |
| Net increase (decrease) | Net increase (decrease) | (1028) | (2547) |
| Units outstanding, beginning | Units outstanding, beginning | 12888 | 15435 |
| Units outstanding, ending | Units outstanding, ending | 11860 | 12888 |
| *\* Date of Fund Inception into Variable Account: 5 /20 /2005* | *\* Date of Fund Inception into Variable Account: 5 /20 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $1639464 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (1573492) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 49026 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 40987 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 52322 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 38728 |
| Net assets | Net assets | Net assets | $247035 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 20.83 | 12 | $247 | N/A | 14.6% |
| 12/31/2024 | 18.18 | 13 | 234 | N/A | 8.5% |
| 12/31/2023 | 16.76 | 15 | 259 | N/A | 13.6% |
| 12/31/2022 | 14.75 | 7 | 110 | N/A | -16.4% |
| 12/31/2021 | 17.65 | 8 | 136 | N/A | 10.8% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.6% |  |  |  |  |
| 2024 | 2.5% |  |  |  |  |
| 2023 | 3.1% |  |  |  |  |
| 2022 | 1.9% |  |  |  |  |
| 2021 | 1.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2030 Portfolio Initial Class - 02-157** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2030 Portfolio Initial Class - 02-157** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2030 Portfolio Initial Class - 02-157** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom 2030 Portfolio Initial Class - 02-157** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $156626 | $118978 | 8858 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $156626 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $156626 | 7030 | $22.28 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $3570 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 3570 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 2087 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 6267 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 9277 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 17631 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $21201 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $3570 | $3195 |
| Net realized gain (loss) | Net realized gain (loss) | 2087 | 10833 |
| Realized gain distributions | Realized gain distributions | 6267 | 293 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 9277 | 333 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 21201 | 14654 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 7861 | 5380 |
| Cost of units redeemed | Cost of units redeemed | (1618) | (39999) |
| Account charges | Account charges | (7677) | (7174) |
| Increase (decrease) | Increase (decrease) | (1434) | (41793) |
| Net increase (decrease) | Net increase (decrease) | 19767 | (27139) |
| Net assets, beginning | Net assets, beginning | 136859 | 163998 |
| Net assets, ending | Net assets, ending | $156626 | $136859 |
| Units sold | Units sold | 388 | 283 |
| Units redeemed | Units redeemed | (454) | (2490) |
| Net increase (decrease) | Net increase (decrease) | (66) | (2207) |
| Units outstanding, beginning | Units outstanding, beginning | 7096 | 9303 |
| Units outstanding, ending | Units outstanding, ending | 7030 | 7096 |
| *\* Date of Fund Inception into Variable Account: 5 /20 /2005* | *\* Date of Fund Inception into Variable Account: 5 /20 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $431413 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (465645) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 44729 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 39699 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 68782 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 37648 |
| Net assets | Net assets | Net assets | $156626 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 22.28 | 7 | $157 | N/A | 15.5% |
| 12/31/2024 | 19.29 | 7 | 137 | N/A | 9.4% |
| 12/31/2023 | 17.63 | 9 | 164 | N/A | 14.7% |
| 12/31/2022 | 15.37 | 11 | 162 | N/A | -16.9% |
| 12/31/2021 | 18.49 | 11 | 197 | N/A | 12.4% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.4% |  |  |  |  |
| 2024 | 2.1% |  |  |  |  |
| 2023 | 2.4% |  |  |  |  |
| 2022 | 1.9% |  |  |  |  |
| 2021 | 1.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom Income Portfolio Initial Class - 02-164** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom Income Portfolio Initial Class - 02-164** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom Income Portfolio Initial Class - 02-164** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Freedom Income Portfolio Initial Class - 02-164** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $993 | $950 | 84 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $993 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $993 | 83 | $11.90 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $65 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 65 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 26 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 192 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 219 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $284 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $65 | $353 |
| Net realized gain (loss) | Net realized gain (loss) | 26 |  |
| Realized gain distributions | Realized gain distributions | 1 | 5 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 192 | 55 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 284 | 413 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 64 | 78 |
| Cost of units redeemed | Cost of units redeemed | (8914) |  |
| Account charges | Account charges | (45) | (179) |
| Increase (decrease) | Increase (decrease) | (8895) | (101) |
| Net increase (decrease) | Net increase (decrease) | (8611) | 312 |
| Net assets, beginning | Net assets, beginning | 9604 | 9292 |
| Net assets, ending | Net assets, ending | $993 | $9604 |
| Units sold | Units sold | 6 | 7 |
| Units redeemed | Units redeemed | (808) | (16) |
| Net increase (decrease) | Net increase (decrease) | (802) | (9) |
| Units outstanding, beginning | Units outstanding, beginning | 885 | 894 |
| Units outstanding, ending | Units outstanding, ending | 83 | 885 |
| *\* Date of Fund Inception into Variable Account: 5 /20 /2005* | *\* Date of Fund Inception into Variable Account: 5 /20 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $120558 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (137769) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 8719 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 4873 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 4569 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 43 |
| Net assets | Net assets | Net assets | $993 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 11.90 | 0 | $1 | N/A | 9.6% |
| 12/31/2024 | 10.85 | 1 | 10 | N/A | 4.5% |
| 12/31/2023 | 10.39 | 1 | 9 | N/A | 7.9% |
| 12/31/2022 | 9.63 | 1 | 9 | N/A | -12.0% |
| 12/31/2021 | 10.94 | 1 | 10 | N/A | 3.3% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.2% |  |  |  |  |
| 2024 | 3.7% |  |  |  |  |
| 2023 | 4.3% |  |  |  |  |
| 2022 | 2.2% |  |  |  |  |
| 2021 | 1.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Growth Portfolio Initial Class - 02-210** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Growth Portfolio Initial Class - 02-210** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Growth Portfolio Initial Class - 02-210** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Growth Portfolio Initial Class - 02-210** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $16245488 | $14180683 | 166248 |
| Receivables: investments sold | 272 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $16245760 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $16245760 | 245705 | $66.12 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $45461 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 45461 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 852531 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2042421 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (644032) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 2250920 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $2296381 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $45461 | $147 |
| Net realized gain (loss) | Net realized gain (loss) | 852531 | 655332 |
| Realized gain distributions | Realized gain distributions | 2042421 | 3706878 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (644032) | 53085 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 2296381 | 4415442 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 416547 | 530905 |
| Cost of units redeemed | Cost of units redeemed | (3492178) | (1853073) |
| Account charges | Account charges | (578262) | (634991) |
| Increase (decrease) | Increase (decrease) | (3653893) | (1957159) |
| Net increase (decrease) | Net increase (decrease) | (1357512) | 2458283 |
| Net assets, beginning | Net assets, beginning | 17603272 | 15144989 |
| Net assets, ending | Net assets, ending | $16245760 | $17603272 |
| Units sold | Units sold | 8966 | 10315 |
| Units redeemed | Units redeemed | (69162) | (47577) |
| Net increase (decrease) | Net increase (decrease) | (60196) | (37262) |
| Units outstanding, beginning | Units outstanding, beginning | 305901 | 343163 |
| Units outstanding, ending | Units outstanding, ending | 245705 | 305901 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $35174993 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (36096433) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 702239 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 3129374 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 11270782 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 2064805 |
| Net assets | Net assets | Net assets | $16245760 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 66.12 | 246 | $16246 | N/A | 14.9% |
| 12/31/2024 | 57.55 | 306 | 17603 | N/A | 30.4% |
| 12/31/2023 | 44.13 | 343 | 15145 | N/A | 36.2% |
| 12/31/2022 | 32.39 | 174 | 5641 | N/A | -24.5% |
| 12/31/2021 | 42.88 | 187 | 7998 | N/A | 23.2% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.3% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.2% |  |  |  |  |
| 2022 | 0.6% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP High Income Portfolio Initial Class - 02-215** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP High Income Portfolio Initial Class - 02-215** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP High Income Portfolio Initial Class - 02-215** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP High Income Portfolio Initial Class - 02-215** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $2122412 | $2245584 | 434930 |
| Receivables: investments sold | 47 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $2122459 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $2122459 | 143764 | $14.76 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $133801 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 133801 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (9385) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 79024 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 69639 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $203440 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $133801 | $119305 |
| Net realized gain (loss) | Net realized gain (loss) | (9385) | (13749) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 79024 | 63550 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 203440 | 169106 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 105084 | 146424 |
| Cost of units redeemed | Cost of units redeemed | (126333) | (95373) |
| Account charges | Account charges | (79740) | (82221) |
| Increase (decrease) | Increase (decrease) | (100989) | (31170) |
| Net increase (decrease) | Net increase (decrease) | 102451 | 137936 |
| Net assets, beginning | Net assets, beginning | 2020008 | 1882072 |
| Net assets, ending | Net assets, ending | $2122459 | $2020008 |
| Units sold | Units sold | 8927 | 11939 |
| Units redeemed | Units redeemed | (16165) | (14250) |
| Net increase (decrease) | Net increase (decrease) | (7238) | (2311) |
| Units outstanding, beginning | Units outstanding, beginning | 151002 | 153313 |
| Units outstanding, ending | Units outstanding, ending | 143764 | 151002 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $7169402 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (6827737) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 2341739 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (437773) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (123172) |
| Net assets | Net assets | Net assets | $2122459 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 14.76 | 144 | $2122 | N/A | 10.4% |
| 12/31/2024 | 13.38 | 151 | 2020 | N/A | 9.0% |
| 12/31/2023 | 12.28 | 153 | 1882 | N/A | 10.5% |
| 12/31/2022 | 11.11 | 172 | 1916 | N/A | -11.4% |
| 12/31/2021 | 12.54 | 198 | 2483 | N/A | 4.4% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 6.5% |  |  |  |  |
| 2024 | 6.1% |  |  |  |  |
| 2023 | 5.5% |  |  |  |  |
| 2022 | 4.7% |  |  |  |  |
| 2021 | 5.5% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Index 500 Portfolio Initial Class - 02-225** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Index 500 Portfolio Initial Class - 02-225** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Index 500 Portfolio Initial Class - 02-225** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Index 500 Portfolio Initial Class - 02-225** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $13852234 | $4576449 | 20984 |
| Receivables: investments sold | 571 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $13852805 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $13852805 | 280704 | $49.35 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $149446 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 149446 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 740439 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 66270 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 1222500 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 2029209 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $2178655 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $149446 | $158635 |
| Net realized gain (loss) | Net realized gain (loss) | 740439 | 2153012 |
| Realized gain distributions | Realized gain distributions | 66270 | 7272 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 1222500 | 541922 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 2178655 | 2860841 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 377755 | 303517 |
| Cost of units redeemed | Cost of units redeemed | (861720) | (3226650) |
| Account charges | Account charges | (363374) | (359149) |
| Increase (decrease) | Increase (decrease) | (847339) | (3282282) |
| Net increase (decrease) | Net increase (decrease) | 1331316 | (421441) |
| Net assets, beginning | Net assets, beginning | 12521489 | 12942930 |
| Net assets, ending | Net assets, ending | $13852805 | $12521489 |
| Units sold | Units sold | 10348 | 9674 |
| Units redeemed | Units redeemed | (28473) | (96639) |
| Net increase (decrease) | Net increase (decrease) | (18125) | (86965) |
| Units outstanding, beginning | Units outstanding, beginning | 298829 | 385794 |
| Units outstanding, ending | Units outstanding, ending | 280704 | 298829 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $49890641 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (61226862) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 4872899 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 9247941 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1792401 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 9275785 |
| Net assets | Net assets | Net assets | $13852805 |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 49.35 | 281 | $13853 | N/A | 17.8% |
| 12/31/2024 | 41.90 | 299 | 12521 | N/A | 24.9% |
| 12/31/2023 | 33.55 | 386 | 12943 | N/A | 26.2% |
| 12/31/2022 | 26.59 | 409 | 10866 | N/A | -18.2% |
| 12/31/2021 | 32.51 | 453 | 14717 | N/A | 28.6% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.1% |  |  |  |  |
| 2024 | 1.2% |  |  |  |  |
| 2023 | 1.5% |  |  |  |  |
| 2022 | 1.4% |  |  |  |  |
| 2021 | 1.3% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Government Money Market Portfolio Initial Class - 02-250** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Government Money Market Portfolio Initial Class - 02-250** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Government Money Market Portfolio Initial Class - 02-250** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Government Money Market Portfolio Initial Class - 02-250** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $819851 | $825815 | 819955 |
| Receivables: investments sold | 105 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $819956 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $819956 | 450555 | $1.82 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $32938 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 32938 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (309) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 308 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | (1) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $32937 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $32938 | $35843 |
| Net realized gain (loss) | Net realized gain (loss) | (309) | (563) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 308 | 565 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 32937 | 35845 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 20552 | 125268 |
| Cost of units redeemed | Cost of units redeemed | (14376) | (36417) |
| Account charges | Account charges | (29939) | (28253) |
| Increase (decrease) | Increase (decrease) | (23763) | 60598 |
| Net increase (decrease) | Net increase (decrease) | 9174 | 96443 |
| Net assets, beginning | Net assets, beginning | 810782 | 714339 |
| Net assets, ending | Net assets, ending | $819956 | $810782 |
| Units sold | Units sold | 12049 | 72589 |
| Units redeemed | Units redeemed | (25356) | (38312) |
| Net increase (decrease) | Net increase (decrease) | (13307) | 34277 |
| Units outstanding, beginning | Units outstanding, beginning | 463862 | 429585 |
| Units outstanding, ending | Units outstanding, ending | 450555 | 463862 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $21064451 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (20842878) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 597541 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 5967 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 839 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (5964) |
| Net assets | Net assets | Net assets | $819956 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 1.82 | 451 | $820 | N/A | 4.1% |
| 12/31/2024 | 1.75 | 464 | 811 | N/A | 5.1% |
| 12/31/2023 | 1.66 | 430 | 714 | N/A | 4.9% |
| 12/31/2022 | 1.58 | 424 | 672 | N/A | 1.4% |
| 12/31/2021 | 1.56 | 438 | 684 | N/A | 0.0% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 4.0% |  |  |  |  |
| 2024 | 4.7% |  |  |  |  |
| 2023 | 4.8% |  |  |  |  |
| 2022 | 1.5% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Overseas Portfolio Initial Class - 02-220** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Overseas Portfolio Initial Class - 02-220** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Overseas Portfolio Initial Class - 02-220** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Overseas Portfolio Initial Class - 02-220** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $1675575 | $1316327 | 60892 |
| Receivables: investments sold | 190 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $1675765 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $1675765 | 83481 | $20.07 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $26071 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 26071 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 42794 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 145090 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 80655 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 268539 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $294610 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $26071 | $25621 |
| Net realized gain (loss) | Net realized gain (loss) | 42794 | 48436 |
| Realized gain distributions | Realized gain distributions | 145090 | 70644 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 80655 | (63685) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 294610 | 81016 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 65152 | 84472 |
| Cost of units redeemed | Cost of units redeemed | (109076) | (132380) |
| Account charges | Account charges | (61031) | (75863) |
| Increase (decrease) | Increase (decrease) | (104955) | (123771) |
| Net increase (decrease) | Net increase (decrease) | 189655 | (42755) |
| Net assets, beginning | Net assets, beginning | 1486110 | 1528865 |
| Net assets, ending | Net assets, ending | $1675765 | $1486110 |
| Units sold | Units sold | 3851 | 6024 |
| Units redeemed | Units redeemed | (9498) | (13222) |
| Net increase (decrease) | Net increase (decrease) | (5647) | (7198) |
| Units outstanding, beginning | Units outstanding, beginning | 89128 | 96326 |
| Units outstanding, ending | Units outstanding, ending | 83481 | 89128 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $29270625 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (30034598) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 808533 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (159355) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1431312 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 359248 |
| Net assets | Net assets | Net assets | $1675765 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 20.07 | 83 | $1676 | N/A | 20.4% |
| 12/31/2024 | 16.67 | 89 | 1486 | N/A | 5.1% |
| 12/31/2023 | 15.87 | 96 | 1529 | N/A | 20.5% |
| 12/31/2022 | 13.17 | 109 | 1436 | N/A | -24.5% |
| 12/31/2021 | 17.44 | 117 | 2048 | N/A | 19.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.6% |  |  |  |  |
| 2024 | 1.7% |  |  |  |  |
| 2023 | 1.0% |  |  |  |  |
| 2022 | 0.9% |  |  |  |  |
| 2021 | 0.5% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Mid Cap Portfolio Service 2 Class - 02-941** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Mid Cap Portfolio Service 2 Class - 02-941** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Mid Cap Portfolio Service 2 Class - 02-941** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Mid Cap Portfolio Service 2 Class - 02-941** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $41425 | $40984 | 1177 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $41425 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $41425 | 1284 | $32.26 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $97 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 97 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 22 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 4647 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (435) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 4234 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $4331 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $97 | $130 |
| Net realized gain (loss) | Net realized gain (loss) | 22 | 614 |
| Realized gain distributions | Realized gain distributions | 4647 | 5015 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (435) | 253 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 4331 | 6012 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 1139 | 1088 |
| Cost of units redeemed | Cost of units redeemed | (654) | (13343) |
| Account charges | Account charges | (1759) | (1880) |
| Increase (decrease) | Increase (decrease) | (1274) | (14135) |
| Net increase (decrease) | Net increase (decrease) | 3057 | (8123) |
| Net assets, beginning | Net assets, beginning | 38368 | 46491 |
| Net assets, ending | Net assets, ending | $41425 | $38368 |
| Units sold | Units sold | 38 | 39 |
| Units redeemed | Units redeemed | (80) | (596) |
| Net increase (decrease) | Net increase (decrease) | (42) | (557) |
| Units outstanding, beginning | Units outstanding, beginning | 1326 | 1883 |
| Units outstanding, ending | Units outstanding, ending | 1284 | 1326 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $1991009 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (3100545) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 19328 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 726320 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 404872 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 441 |
| Net assets | Net assets | Net assets | $41425 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 32.26 | 1 | $41 | N/A | 11.5% |
| 12/31/2024 | 28.93 | 1 | 38 | N/A | 17.2% |
| 12/31/2023 | 24.69 | 2 | 46 | N/A | 14.8% |
| 12/31/2022 | 21.51 | 4 | 82 | N/A | -15.0% |
| 12/31/2021 | 25.30 | 4 | 103 | N/A | 25.3% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.2% |  |  |  |  |
| 2024 | 0.3% |  |  |  |  |
| 2023 | 0.3% |  |  |  |  |
| 2022 | 0.3% |  |  |  |  |
| 2021 | 0.4% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Asset Manager Portfolio Initial Class - 02-230** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Asset Manager Portfolio Initial Class - 02-230** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Asset Manager Portfolio Initial Class - 02-230** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Asset Manager Portfolio Initial Class - 02-230** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $2124101 | $1928104 | 120564 |
| Receivables: investments sold | 250 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $2124351 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $2124351 | 94277 | $22.53 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $51175 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 51175 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 6969 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 90528 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 134969 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 232466 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $283641 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $51175 | $46821 |
| Net realized gain (loss) | Net realized gain (loss) | 6969 | 2364 |
| Realized gain distributions | Realized gain distributions | 90528 | 12007 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 134969 | 92453 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 283641 | 153645 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 61750 | 102418 |
| Cost of units redeemed | Cost of units redeemed | (68706) | (73073) |
| Account charges | Account charges | (79602) | (80508) |
| Increase (decrease) | Increase (decrease) | (86558) | (51163) |
| Net increase (decrease) | Net increase (decrease) | 197083 | 102482 |
| Net assets, beginning | Net assets, beginning | 1927268 | 1824786 |
| Net assets, ending | Net assets, ending | $2124351 | $1927268 |
| Units sold | Units sold | 3064 | 5694 |
| Units redeemed | Units redeemed | (7133) | (8376) |
| Net increase (decrease) | Net increase (decrease) | (4069) | (2682) |
| Units outstanding, beginning | Units outstanding, beginning | 98346 | 101028 |
| Units outstanding, ending | Units outstanding, ending | 94277 | 98346 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $11698166 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (11959290) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1147661 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (67023) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1108840 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 195997 |
| Net assets | Net assets | Net assets | $2124351 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 22.53 | 94 | $2124 | N/A | 15.0% |
| 12/31/2024 | 19.60 | 98 | 1927 | N/A | 8.5% |
| 12/31/2023 | 18.06 | 101 | 1825 | N/A | 12.9% |
| 12/31/2022 | 15.99 | 104 | 1660 | N/A | -14.9% |
| 12/31/2021 | 18.80 | 109 | 2048 | N/A | 9.9% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.5% |  |  |  |  |
| 2024 | 2.5% |  |  |  |  |
| 2023 | 2.4% |  |  |  |  |
| 2022 | 2.0% |  |  |  |  |
| 2021 | 1.9% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Contrafund Portfolio Initial Class - 02-245** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Contrafund Portfolio Initial Class - 02-245** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Contrafund Portfolio Initial Class - 02-245** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Contrafund Portfolio Initial Class - 02-245** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $16236174 | $11162387 | 271097 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | (163) |  |  |
| Net assets | $16236011 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $16236011 | 202873 | $80.03 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $21479 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 21479 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 686474 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2458606 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (150858) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 2994222 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $3015701 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $21479 | $25892 |
| Net realized gain (loss) | Net realized gain (loss) | 686474 | 519998 |
| Realized gain distributions | Realized gain distributions | 2458606 | 1646580 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (150858) | 1673454 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 3015701 | 3865924 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 342202 | 315491 |
| Cost of units redeemed | Cost of units redeemed | (1249629) | (941584) |
| Account charges | Account charges | (508959) | (490088) |
| Increase (decrease) | Increase (decrease) | (1416386) | (1116181) |
| Net increase (decrease) | Net increase (decrease) | 1599315 | 2749743 |
| Net assets, beginning | Net assets, beginning | 14636696 | 11886953 |
| Net assets, ending | Net assets, ending | $16236011 | $14636696 |
| Units sold | Units sold | 4797 | 5722 |
| Units redeemed | Units redeemed | (24098) | (24954) |
| Net increase (decrease) | Net increase (decrease) | (19301) | (19232) |
| Units outstanding, beginning | Units outstanding, beginning | 222174 | 241406 |
| Units outstanding, ending | Units outstanding, ending | 202873 | 222174 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $39011522 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (49791045) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1894183 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 4480016 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 15567548 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 5073787 |
| Net assets | Net assets | Net assets | $16236011 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 80.03 | 203 | $16236 | N/A | 21.5% |
| 12/31/2024 | 65.88 | 222 | 14637 | N/A | 33.8% |
| 12/31/2023 | 49.24 | 241 | 11887 | N/A | 33.5% |
| 12/31/2022 | 36.90 | 263 | 9719 | N/A | -26.3% |
| 12/31/2021 | 50.07 | 289 | 14495 | N/A | 27.8% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.1% |  |  |  |  |
| 2024 | 0.2% |  |  |  |  |
| 2023 | 0.5% |  |  |  |  |
| 2022 | 0.5% |  |  |  |  |
| 2021 | 0.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Equity-Income Portfolio Initial Class - 02-205** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Equity-Income Portfolio Initial Class - 02-205** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Equity-Income Portfolio Initial Class - 02-205** | **AUL American Individual Variable Life Unit Trust<br> Fidelity VIP Equity-Income Portfolio Initial Class - 02-205** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $10715168 | $8838491 | 364095 |
| Receivables: investments sold | 148 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $10715316 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $10715316 | 305764 | $35.04 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $185115 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 185115 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 169001 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 569960 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 858490 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 1597451 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $1782566 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $185115 | $165965 |
| Net realized gain (loss) | Net realized gain (loss) | 169001 | 150782 |
| Realized gain distributions | Realized gain distributions | 569960 | 543654 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 858490 | 489086 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 1782566 | 1349487 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 636323 | 280053 |
| Cost of units redeemed | Cost of units redeemed | (783147) | (865857) |
| Account charges | Account charges | (374356) | (370699) |
| Increase (decrease) | Increase (decrease) | (521180) | (956503) |
| Net increase (decrease) | Net increase (decrease) | 1261386 | 392984 |
| Net assets, beginning | Net assets, beginning | 9453930 | 9060946 |
| Net assets, ending | Net assets, ending | $10715316 | $9453930 |
| Units sold | Units sold | 23165 | 11636 |
| Units redeemed | Units redeemed | (38480) | (45520) |
| Net increase (decrease) | Net increase (decrease) | (15315) | (33884) |
| Units outstanding, beginning | Units outstanding, beginning | 321079 | 354963 |
| Units outstanding, ending | Units outstanding, ending | 305764 | 321079 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $23567829 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (20589270) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 2193004 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (887531) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 4554607 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 1876677 |
| Net assets | Net assets | Net assets | $10715316 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 35.04 | 306 | $10715 | N/A | 19.0% |
| 12/31/2024 | 29.44 | 321 | 9454 | N/A | 15.3% |
| 12/31/2023 | 25.53 | 355 | 9061 | N/A | 10.6% |
| 12/31/2022 | 23.07 | 125 | 2889 | N/A | -5.0% |
| 12/31/2021 | 24.27 | 138 | 3345 | N/A | 24.9% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.8% |  |  |  |  |
| 2024 | 1.8% |  |  |  |  |
| 2023 | 2.8% |  |  |  |  |
| 2022 | 1.8% |  |  |  |  |
| 2021 | 1.9% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

---

| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Franklin Small Cap Value VIP Fund 1 Class - 02-906** | **AUL American Individual Variable Life Unit Trust<br> Franklin Small Cap Value VIP Fund 1 Class - 02-906** | **AUL American Individual Variable Life Unit Trust<br> Franklin Small Cap Value VIP Fund 1 Class - 02-906** | **AUL American Individual Variable Life Unit Trust<br> Franklin Small Cap Value VIP Fund 1 Class - 02-906** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $1463620 | $1582851 | 97964 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | (26) |  |  |
| Net assets | $1463594 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $1463594 | 68785 | $21.28 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $17491 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 17491 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (157048) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 110044 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 94399 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 47395 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $64886 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $17491 | $30058 |
| Net realized gain (loss) | Net realized gain (loss) | (157048) | (38086) |
| Realized gain distributions | Realized gain distributions | 110044 | 59273 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 94399 | 262453 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 64886 | 313698 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 55706 | 164963 |
| Cost of units redeemed | Cost of units redeemed | (1309972) | (351524) |
| Account charges | Account charges | (72088) | (107471) |
| Increase (decrease) | Increase (decrease) | (1326354) | (294032) |
| Net increase (decrease) | Net increase (decrease) | (1261468) | 19666 |
| Net assets, beginning | Net assets, beginning | 2725062 | 2705396 |
| Net assets, ending | Net assets, ending | $1463594 | $2725062 |
| Units sold | Units sold | 3667 | 9474 |
| Units redeemed | Units redeemed | (73075) | (24957) |
| Net increase (decrease) | Net increase (decrease) | (69408) | (15483) |
| Units outstanding, beginning | Units outstanding, beginning | 138193 | 153676 |
| Units outstanding, ending | Units outstanding, ending | 68785 | 138193 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $5187635 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (5488957) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 253024 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (465943) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2097066 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (119231) |
| Net assets | Net assets | Net assets | $1463594 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 21.28 | 69 | $1464 | N/A | 7.9% |
| 12/31/2024 | 19.72 | 138 | 2725 | N/A | 12.0% |
| 12/31/2023 | 17.60 | 154 | 2705 | N/A | 13.0% |
| 12/31/2022 | 15.58 | 193 | 3004 | N/A | -9.8% |
| 12/31/2021 | 17.27 | 198 | 3423 | N/A | 25.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.8% |  |  |  |  |
| 2024 | 1.1% |  |  |  |  |
| 2023 | 0.6% |  |  |  |  |
| 2022 | 1.2% |  |  |  |  |
| 2021 | 1.5% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Templeton Global Bond VIP Fund 1 Class - 02-907** | **AUL American Individual Variable Life Unit Trust<br> Templeton Global Bond VIP Fund 1 Class - 02-907** | **AUL American Individual Variable Life Unit Trust<br> Templeton Global Bond VIP Fund 1 Class - 02-907** | **AUL American Individual Variable Life Unit Trust<br> Templeton Global Bond VIP Fund 1 Class - 02-907** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $63610 | $75313 | 4545 |
| Receivables: investments sold | 25 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $63635 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $63635 | 7975 | $7.98 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (1026) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 9893 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 8867 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $8867 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $- |
| Net realized gain (loss) | Net realized gain (loss) | (1026) | (1198) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 9893 | (5740) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 8867 | (6938) |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 3968 | 4404 |
| Cost of units redeemed | Cost of units redeemed | (232) | (639) |
| Account charges | Account charges | (4628) | (4242) |
| Increase (decrease) | Increase (decrease) | (892) | (477) |
| Net increase (decrease) | Net increase (decrease) | 7975 | (7415) |
| Net assets, beginning | Net assets, beginning | 55660 | 63075 |
| Net assets, ending | Net assets, ending | $63635 | $55660 |
| Units sold | Units sold | 519 | 660 |
| Units redeemed | Units redeemed | (641) | (718) |
| Net increase (decrease) | Net increase (decrease) | (122) | (58) |
| Units outstanding, beginning | Units outstanding, beginning | 8097 | 8155 |
| Units outstanding, ending | Units outstanding, ending | 7975 | 8097 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $746017 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (759206) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 125984 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (46574) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 9117 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (11703) |
| Net assets | Net assets | Net assets | $63635 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 7.98 | 8 | $64 | N/A | 16.1% |
| 12/31/2024 | 6.87 | 8 | 56 | N/A | -11.1% |
| 12/31/2023 | 7.73 | 8 | 63 | N/A | 3.2% |
| 12/31/2022 | 7.50 | 13 | 96 | N/A | -4.8% |
| 12/31/2021 | 7.88 | 13 | 101 | N/A | -4.6% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Franklin Allocation VIP Fund 1 Class - 02-908** | **AUL American Individual Variable Life Unit Trust<br> Franklin Allocation VIP Fund 1 Class - 02-908** | **AUL American Individual Variable Life Unit Trust<br> Franklin Allocation VIP Fund 1 Class - 02-908** | **AUL American Individual Variable Life Unit Trust<br> Franklin Allocation VIP Fund 1 Class - 02-908** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $43844 | $46046 | 7829 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $43844 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $43844 | 3167 | $13.84 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $909 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 909 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (1057) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1687 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 3659 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 4289 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $5198 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $909 | $1063 |
| Net realized gain (loss) | Net realized gain (loss) | (1057) | (310) |
| Realized gain distributions | Realized gain distributions | 1687 |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 3659 | 3404 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 5198 | 4157 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 925 | 968 |
| Cost of units redeemed | Cost of units redeemed | (8409) | (471) |
| Account charges | Account charges | (1418) | (1750) |
| Increase (decrease) | Increase (decrease) | (8902) | (1253) |
| Net increase (decrease) | Net increase (decrease) | (3704) | 2904 |
| Net assets, beginning | Net assets, beginning | 47548 | 44644 |
| Net assets, ending | Net assets, ending | $43844 | $47548 |
| Units sold | Units sold | 71 | 81 |
| Units redeemed | Units redeemed | (785) | (184) |
| Net increase (decrease) | Net increase (decrease) | (714) | (103) |
| Units outstanding, beginning | Units outstanding, beginning | 3881 | 3984 |
| Units outstanding, ending | Units outstanding, ending | 3167 | 3881 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $192835 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (222047) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 33473 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (2624) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 44409 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (2202) |
| Net assets | Net assets | Net assets | $43844 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 13.84 | 3 | $44 | N/A | 13.0% |
| 12/31/2024 | 12.25 | 4 | 48 | N/A | 9.3% |
| 12/31/2023 | 11.21 | 4 | 45 | N/A | 14.8% |
| 12/31/2022 | 9.76 | 4 | 40 | N/A | -15.7% |
| 12/31/2021 | 11.58 | 5 | 60 | N/A | 11.8% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.0% |  |  |  |  |
| 2024 | 2.3% |  |  |  |  |
| 2023 | 1.7% |  |  |  |  |
| 2022 | 1.8% |  |  |  |  |
| 2021 | 2.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Templeton Foreign VIP Fund 2 Class - 02-909** | **AUL American Individual Variable Life Unit Trust<br> Templeton Foreign VIP Fund 2 Class - 02-909** | **AUL American Individual Variable Life Unit Trust<br> Templeton Foreign VIP Fund 2 Class - 02-909** | **AUL American Individual Variable Life Unit Trust<br> Templeton Foreign VIP Fund 2 Class - 02-909** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $47734 | $42145 | 2942 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $47734 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $47734 | 3403 | $14.03 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $809 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 809 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 196 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2259 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 6028 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 8483 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $9292 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $809 | $790 |
| Net realized gain (loss) | Net realized gain (loss) | 196 | 2 |
| Realized gain distributions | Realized gain distributions | 2259 |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 6028 | (1456) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 9292 | (664) |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 10708 | 4693 |
| Cost of units redeemed | Cost of units redeemed | (1406) | (14059) |
| Account charges | Account charges | (1218) | (1056) |
| Increase (decrease) | Increase (decrease) | 8084 | (10422) |
| Net increase (decrease) | Net increase (decrease) | 17376 | (11086) |
| Net assets, beginning | Net assets, beginning | 30358 | 41444 |
| Net assets, ending | Net assets, ending | $47734 | $30358 |
| Units sold | Units sold | 812 | 424 |
| Units redeemed | Units redeemed | (205) | (1407) |
| Net increase (decrease) | Net increase (decrease) | 607 | (983) |
| Units outstanding, beginning | Units outstanding, beginning | 2796 | 3779 |
| Units outstanding, ending | Units outstanding, ending | 3403 | 2796 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $6509866 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (8185596) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 573767 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 991814 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 152294 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 5589 |
| Net assets | Net assets | Net assets | $47734 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 14.03 | 3 | $48 | N/A | 29.2% |
| 12/31/2024 | 10.86 | 3 | 30 | N/A | -1.0% |
| 12/31/2023 | 10.97 | 4 | 41 | N/A | 20.8% |
| 12/31/2022 | 9.08 | 4 | 36 | N/A | -7.6% |
| 12/31/2021 | 9.83 | 4 | 44 | N/A | 4.2% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.1% |  |  |  |  |
| 2024 | 2.2% |  |  |  |  |
| 2023 | 3.2% |  |  |  |  |
| 2022 | 3.1% |  |  |  |  |
| 2021 | 1.9% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Goldman Sachs VIT Government Money Market Fund Service Class - 02-CGK** | **AUL American Individual Variable Life Unit Trust<br> Goldman Sachs VIT Government Money Market Fund Service Class - 02-CGK** | **AUL American Individual Variable Life Unit Trust<br> Goldman Sachs VIT Government Money Market Fund Service Class - 02-CGK** | **AUL American Individual Variable Life Unit Trust<br> Goldman Sachs VIT Government Money Market Fund Service Class - 02-CGK** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $2504985 | $2504985 | 2504952 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | (32) |  |  |
| Net assets | $2504953 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $2504953 | 415570 | $6.03 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $93241 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 93241 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) |  |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | - |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | - |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $93241 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $93241 | $125048 |
| Net realized gain (loss) | Net realized gain (loss) |  |  |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) |  | 1 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 93241 | 125049 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 3346131 | 4372302 |
| Cost of units redeemed | Cost of units redeemed | (3747434) | (3749711) |
| Account charges | Account charges | (85190) | (90176) |
| Increase (decrease) | Increase (decrease) | (486493) | 532415 |
| Net increase (decrease) | Net increase (decrease) | (393252) | 657464 |
| Net assets, beginning | Net assets, beginning | 2898205 | 2240741 |
| Net assets, ending | Net assets, ending | $2504953 | $2898205 |
| Units sold | Units sold | 672606 | 772751 |
| Units redeemed | Units redeemed | (756619) | (678368) |
| Net increase (decrease) | Net increase (decrease) | (84013) | 94383 |
| Units outstanding, beginning | Units outstanding, beginning | 499583 | 405200 |
| Units outstanding, ending | Units outstanding, ending | 415570 | 499583 |
| *\* Date of Fund Inception into Variable Account: 11 /19 /2015* | *\* Date of Fund Inception into Variable Account: 11 /19 /2015* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $30896637 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (28915970) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 524286 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) |  |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | - |
| Net assets | Net assets | Net assets | $2504953 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 6.03 | 416 | $2505 | N/A | 3.9% |
| 12/31/2024 | 5.80 | 500 | 2898 | N/A | 4.9% |
| 12/31/2023 | 5.53 | 405 | 2241 | N/A | 4.8% |
| 12/31/2022 | 5.28 | 515 | 2721 | N/A | 1.4% |
| 12/31/2021 | 5.21 | 570 | 2969 | N/A | 0.0% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 3.5% |  |  |  |  |
| 2024 | 4.9% |  |  |  |  |
| 2023 | 4.7% |  |  |  |  |
| 2022 | 1.3% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Global Research Portfolio Institutional Class - 02-606** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Global Research Portfolio Institutional Class - 02-606** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Global Research Portfolio Institutional Class - 02-606** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Global Research Portfolio Institutional Class - 02-606** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $3950520 | $2240542 | 49589 |
| Receivables: investments sold | 269 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $3950789 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $3950789 | 144637 | $27.32 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $29811 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 29811 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 401849 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 346743 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (1583) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 747009 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $776820 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $29811 | $28496 |
| Net realized gain (loss) | Net realized gain (loss) | 401849 | 200252 |
| Realized gain distributions | Realized gain distributions | 346743 | 120141 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (1583) | 439129 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 776820 | 788018 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 148538 | 206045 |
| Cost of units redeemed | Cost of units redeemed | (766650) | (399867) |
| Account charges | Account charges | (150383) | (143423) |
| Increase (decrease) | Increase (decrease) | (768488) | (337245) |
| Net increase (decrease) | Net increase (decrease) | 8332 | 450773 |
| Net assets, beginning | Net assets, beginning | 3942457 | 3491684 |
| Net assets, ending | Net assets, ending | $3950789 | $3942457 |
| Units sold | Units sold | 6887 | 9748 |
| Units redeemed | Units redeemed | (36772) | (26245) |
| Net increase (decrease) | Net increase (decrease) | (29885) | (16497) |
| Units outstanding, beginning | Units outstanding, beginning | 174522 | 191019 |
| Units outstanding, ending | Units outstanding, ending | 144637 | 174522 |
| *\* Date of Fund Inception into Variable Account: 5 /30 /1999* | *\* Date of Fund Inception into Variable Account: 5 /30 /1999* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $18824567 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (19964099) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 983942 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 948812 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1447589 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 1709978 |
| Net assets | Net assets | Net assets | $3950789 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 27.32 | 145 | $3951 | N/A | 20.9% |
| 12/31/2024 | 22.59 | 175 | 3942 | N/A | 23.6% |
| 12/31/2023 | 18.28 | 191 | 3492 | N/A | 26.8% |
| 12/31/2022 | 14.42 | 214 | 3085 | N/A | -19.4% |
| 12/31/2021 | 17.89 | 226 | 4051 | N/A | 18.1% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.8% |  |  |  |  |
| 2024 | 0.8% |  |  |  |  |
| 2023 | 0.9% |  |  |  |  |
| 2022 | 1.5% |  |  |  |  |
| 2021 | 0.5% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Overseas Portfolio Service Class - 02-609** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Overseas Portfolio Service Class - 02-609** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Overseas Portfolio Service Class - 02-609** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Overseas Portfolio Service Class - 02-609** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $9678215 | $8708900 | 182537 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | (100) |  |  |
| Net assets | $9678115 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $9678115 | 649421 | $14.90 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $117590 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 117590 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 27705 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 964146 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 991851 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $1109441 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $117590 | $388 |
| Net realized gain (loss) | Net realized gain (loss) | 27705 | 894 |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 964146 | 574 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 1109441 | 1856 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 8943495 | 426 |
| Cost of units redeemed | Cost of units redeemed | (210026) | (3069) |
| Account charges | Account charges | (192762) | (696) |
| Increase (decrease) | Increase (decrease) | 8540707 | (3339) |
| Net increase (decrease) | Net increase (decrease) | 9650148 | (1483) |
| Net assets, beginning | Net assets, beginning | 27967 | 29450 |
| Net assets, ending | Net assets, ending | $9678115 | $27967 |
| Units sold | Units sold | 679038 | 36 |
| Units redeemed | Units redeemed | (32030) | (306) |
| Net increase (decrease) | Net increase (decrease) | 647008 | (270) |
| Units outstanding, beginning | Units outstanding, beginning | 2413 | 2683 |
| Units outstanding, ending | Units outstanding, ending | 649421 | 2413 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $9318306 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (744897) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 127271 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (3953) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 12073 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 969315 |
| Net assets | Net assets | Net assets | $9678115 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 14.90 | 649 | $9678 | N/A | 28.6% |
| 12/31/2024 | 11.59 | 2 | 28 | N/A | 5.6% |
| 12/31/2023 | 10.98 | 3 | 29 | N/A | 10.6% |
| 12/31/2022 | 9.93 | 4 | 39 | N/A | -8.8% |
| 12/31/2021 | 10.89 | 4 | 46 | N/A | 13.3% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.4% |  |  |  |  |
| 2024 | 1.4% |  |  |  |  |
| 2023 | 1.5% |  |  |  |  |
| 2022 | 1.6% |  |  |  |  |
| 2021 | 1.3% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Mid Cap Value Portfolio Service Class - 02-259** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Mid Cap Value Portfolio Service Class - 02-259** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Mid Cap Value Portfolio Service Class - 02-259** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Mid Cap Value Portfolio Service Class - 02-259** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $26632 | $25194 | 1587 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $26632 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $26632 | 1188 | $22.42 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $365 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 365 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 22 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2335 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (1144) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 1213 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $1578 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $365 | $214 |
| Net realized gain (loss) | Net realized gain (loss) | 22 | 1306 |
| Realized gain distributions | Realized gain distributions | 2335 | 1399 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (1144) | 665 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 1578 | 3584 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 597 | 698 |
| Cost of units redeemed | Cost of units redeemed |  | (11930) |
| Account charges | Account charges | (646) | (705) |
| Increase (decrease) | Increase (decrease) | (49) | (11937) |
| Net increase (decrease) | Net increase (decrease) | 1529 | (8353) |
| Net assets, beginning | Net assets, beginning | 25103 | 33456 |
| Net assets, ending | Net assets, ending | $26632 | $25103 |
| Units sold | Units sold | 28 | 34 |
| Units redeemed | Units redeemed | (30) | (633) |
| Net increase (decrease) | Net increase (decrease) | (2) | (599) |
| Units outstanding, beginning | Units outstanding, beginning | 1190 | 1789 |
| Units outstanding, ending | Units outstanding, ending | 1188 | 1190 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $114522 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (117413) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 4243 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 229 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 23613 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 1438 |
| Net assets | Net assets | Net assets | $26632 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 22.42 | 1 | $27 | N/A | 6.3% |
| 12/31/2024 | 21.09 | 1 | 25 | N/A | 12.8% |
| 12/31/2023 | 18.70 | 2 | 33 | N/A | 11.1% |
| 12/31/2022 | 16.83 | 2 | 29 | N/A | -5.8% |
| 12/31/2021 | 17.86 | 2 | 32 | N/A | 19.4% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.4% |  |  |  |  |
| 2024 | 0.7% |  |  |  |  |
| 2023 | 0.9% |  |  |  |  |
| 2022 | 1.1% |  |  |  |  |
| 2021 | 0.3% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Balanced Portfolio Service Class - 02-611** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Balanced Portfolio Service Class - 02-611** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Balanced Portfolio Service Class - 02-611** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Balanced Portfolio Service Class - 02-611** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $7888782 | $4851021 | 132635 |
| Receivables: investments sold | 372 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $7889154 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $7889154 | 645653 | $12.22 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $129205 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 129205 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 274736 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 234570 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 421735 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 931041 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $1060246 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $129205 | $129047 |
| Net realized gain (loss) | Net realized gain (loss) | 274736 | 188337 |
| Realized gain distributions | Realized gain distributions | 234570 |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 421735 | 713660 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 1060246 | 1031044 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 115679 | 123261 |
| Cost of units redeemed | Cost of units redeemed | (525161) | (369269) |
| Account charges | Account charges | (252493) | (265505) |
| Increase (decrease) | Increase (decrease) | (661975) | (511513) |
| Net increase (decrease) | Net increase (decrease) | 398271 | 519531 |
| Net assets, beginning | Net assets, beginning | 7490883 | 6971352 |
| Net assets, ending | Net assets, ending | $7889154 | $7490883 |
| Units sold | Units sold | 12886 | 12314 |
| Units redeemed | Units redeemed | (71154) | (62720) |
| Net increase (decrease) | Net increase (decrease) | (58268) | (50406) |
| Units outstanding, beginning | Units outstanding, beginning | 703921 | 754327 |
| Units outstanding, ending | Units outstanding, ending | 645653 | 703921 |
| *\* Date of Fund Inception into Variable Account: 10 /21 /2016* | *\* Date of Fund Inception into Variable Account: 10 /21 /2016* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $9331675 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (8352995) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1157400 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 1699019 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1016294 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 3037761 |
| Net assets | Net assets | Net assets | $7889154 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 12.22 | 646 | $7889 | N/A | 14.8% |
| 12/31/2024 | 10.64 | 704 | 7491 | N/A | 15.1% |
| 12/31/2023 | 9.24 | 754 | 6971 | N/A | 15.1% |
| 12/31/2022 | 8.03 | 804 | 6452 | N/A | -16.6% |
| 12/31/2021 | 9.63 | 973 | 9364 | N/A | 16.9% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.7% |  |  |  |  |
| 2024 | 1.8% |  |  |  |  |
| 2023 | 1.8% |  |  |  |  |
| 2022 | 1.0% |  |  |  |  |
| 2021 | 0.9% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Flexible Bond Portfolio Institutional Class - 02-607** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Flexible Bond Portfolio Institutional Class - 02-607** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Flexible Bond Portfolio Institutional Class - 02-607** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Flexible Bond Portfolio Institutional Class - 02-607** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $5205984 | $5855119 | 524267 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | (8) |  |  |
| Net assets | $5205976 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $5205976 | 329987 | $15.78 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $271348 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 271348 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (51383) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 137116 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 85733 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $357081 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $271348 | $222548 |
| Net realized gain (loss) | Net realized gain (loss) | (51383) | (53087) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 137116 | (76237) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 357081 | 93224 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 880359 | 463342 |
| Cost of units redeemed | Cost of units redeemed | (286482) | (239121) |
| Account charges | Account charges | (181943) | (173039) |
| Increase (decrease) | Increase (decrease) | 411934 | 51182 |
| Net increase (decrease) | Net increase (decrease) | 769015 | 144406 |
| Net assets, beginning | Net assets, beginning | 4436961 | 4292555 |
| Net assets, ending | Net assets, ending | $5205976 | $4436961 |
| Units sold | Units sold | 63071 | 32708 |
| Units redeemed | Units redeemed | (35140) | (28598) |
| Net increase (decrease) | Net increase (decrease) | 27931 | 4110 |
| Units outstanding, beginning | Units outstanding, beginning | 302056 | 297946 |
| Units outstanding, ending | Units outstanding, ending | 329987 | 302056 |
| *\* Date of Fund Inception into Variable Account: 5 /30 /1999* | *\* Date of Fund Inception into Variable Account: 5 /30 /1999* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $28526409 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (29009037) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 5511941 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 28240 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 797558 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (649135) |
| Net assets | Net assets | Net assets | $5205976 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 15.78 | 330 | $5206 | N/A | 7.4% |
| 12/31/2024 | 14.69 | 302 | 4437 | N/A | 2.0% |
| 12/31/2023 | 14.41 | 298 | 4293 | N/A | 5.5% |
| 12/31/2022 | 13.66 | 302 | 4124 | N/A | -13.7% |
| 12/31/2021 | 15.82 | 326 | 5154 | N/A | -0.9% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 5.6% |  |  |  |  |
| 2024 | 5.1% |  |  |  |  |
| 2023 | 4.3% |  |  |  |  |
| 2022 | 2.6% |  |  |  |  |
| 2021 | 3.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Forty Portfolio Institutional Class - 02-602** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Forty Portfolio Institutional Class - 02-602** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Forty Portfolio Institutional Class - 02-602** | **AUL American Individual Variable Life Unit Trust<br> Janus Henderson Forty Portfolio Institutional Class - 02-602** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $333155 | $275353 | 5607 |
| Receivables: investments sold | 51 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $333206 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $333206 | 9298 | $35.83 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $660 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 660 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 2392 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 25728 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 7939 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 36059 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $36719 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $660 | $222 |
| Net realized gain (loss) | Net realized gain (loss) | 2392 | 2328 |
| Realized gain distributions | Realized gain distributions | 25728 | 11598 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 7939 | 35467 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 36719 | 49615 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 96295 | 2254 |
| Cost of units redeemed | Cost of units redeemed | (8250) | (6641) |
| Account charges | Account charges | (7495) | (6019) |
| Increase (decrease) | Increase (decrease) | 80550 | (10406) |
| Net increase (decrease) | Net increase (decrease) | 117269 | 39209 |
| Net assets, beginning | Net assets, beginning | 215937 | 176728 |
| Net assets, ending | Net assets, ending | $333206 | $215937 |
| Units sold | Units sold | 2714 | 85 |
| Units redeemed | Units redeemed | (535) | (451) |
| Net increase (decrease) | Net increase (decrease) | 2179 | (366) |
| Units outstanding, beginning | Units outstanding, beginning | 7119 | 7485 |
| Units outstanding, ending | Units outstanding, ending | 9298 | 7119 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $400006 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (338596) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 7689 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 44475 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 161830 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 57802 |
| Net assets | Net assets | Net assets | $333206 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 35.83 | 9 | $333 | N/A | 18.1% |
| 12/31/2024 | 30.33 | 7 | 216 | N/A | 28.5% |
| 12/31/2023 | 23.61 | 7 | 177 | N/A | 40.0% |
| 12/31/2022 | 16.87 | 9 | 145 | N/A | -33.6% |
| 12/31/2021 | 25.39 | 10 | 242 | N/A | 22.9% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.2% |  |  |  |  |
| 2024 | 0.1% |  |  |  |  |
| 2023 | 0.2% |  |  |  |  |
| 2022 | 0.2% |  |  |  |  |
| 2021 | 0.6% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman AMT Mid Cap Growth Portfolio Service Class - 02-866** | **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman AMT Mid Cap Growth Portfolio Service Class - 02-866** | **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman AMT Mid Cap Growth Portfolio Service Class - 02-866** | **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman AMT Mid Cap Growth Portfolio Service Class - 02-866** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $219805 | $215086 | 9150 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $219805 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $219805 | 6024 | $36.49 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 1568 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 33796 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (24619) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 10745 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $10745 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $- |
| Net realized gain (loss) | Net realized gain (loss) | 1568 | 5056 |
| Realized gain distributions | Realized gain distributions | 33796 | 14614 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (24619) | 27658 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 10745 | 47328 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 7102 | 2967 |
| Cost of units redeemed | Cost of units redeemed | (7490) | (28197) |
| Account charges | Account charges | (5770) | (5887) |
| Increase (decrease) | Increase (decrease) | (6158) | (31117) |
| Net increase (decrease) | Net increase (decrease) | 4587 | 16211 |
| Net assets, beginning | Net assets, beginning | 215218 | 199007 |
| Net assets, ending | Net assets, ending | $219805 | $215218 |
| Units sold | Units sold | 193 | 115 |
| Units redeemed | Units redeemed | (376) | (1011) |
| Net increase (decrease) | Net increase (decrease) | (183) | (896) |
| Units outstanding, beginning | Units outstanding, beginning | 6207 | 7103 |
| Units outstanding, ending | Units outstanding, ending | 6024 | 6207 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $603104 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (696993) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 52750 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 256225 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 4719 |
| Net assets | Net assets | Net assets | $219805 |

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 36.49 | 6 | $220 | N/A | 5.2% |
| 12/31/2024 | 34.67 | 6 | 215 | N/A | 23.8% |
| 12/31/2023 | 28.02 | 7 | 199 | N/A | 18.0% |
| 12/31/2022 | 23.75 | 8 | 185 | N/A | -28.8% |
| 12/31/2021 | 33.37 | 11 | 377 | N/A | 12.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman Mid Cap Intrinsic Value Portfolio I Class - 02-870** | **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman Mid Cap Intrinsic Value Portfolio I Class - 02-870** | **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman Mid Cap Intrinsic Value Portfolio I Class - 02-870** | **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman Mid Cap Intrinsic Value Portfolio I Class - 02-870** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $424842 | $390054 | 25892 |
| Receivables: investments sold | 57 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $424899 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $424899 | 12610 | $33.70 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $1893 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1893 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 3023 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 44427 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (3610) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 43840 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $45733 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $1893 | $3078 |
| Net realized gain (loss) | Net realized gain (loss) | 3023 | 5214 |
| Realized gain distributions | Realized gain distributions | 44427 | 13865 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (3610) | 14261 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 45733 | 36418 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 14249 | 12716 |
| Cost of units redeemed | Cost of units redeemed | (25443) | (37833) |
| Account charges | Account charges | (14035) | (15285) |
| Increase (decrease) | Increase (decrease) | (25229) | (40402) |
| Net increase (decrease) | Net increase (decrease) | 20504 | (3984) |
| Net assets, beginning | Net assets, beginning | 404395 | 408379 |
| Net assets, ending | Net assets, ending | $424899 | $404395 |
| Units sold | Units sold | 984 | 1074 |
| Units redeemed | Units redeemed | (1762) | (2399) |
| Net increase (decrease) | Net increase (decrease) | (778) | (1325) |
| Units outstanding, beginning | Units outstanding, beginning | 13388 | 14713 |
| Units outstanding, ending | Units outstanding, ending | 12610 | 13388 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2003* | *\* Date of Fund Inception into Variable Account: 5 /1 /2003* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $3111476 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (3490429) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 78983 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 154022 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 536059 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 34788 |
| Net assets | Net assets | Net assets | $424899 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 33.70 | 13 | $425 | N/A | 11.6% |
| 12/31/2024 | 30.20 | 13 | 404 | N/A | 8.8% |
| 12/31/2023 | 27.76 | 15 | 408 | N/A | 11.0% |
| 12/31/2022 | 25.01 | 17 | 436 | N/A | -9.8% |
| 12/31/2021 | 27.71 | 19 | 538 | N/A | 32.8% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.5% |  |  |  |  |
| 2024 | 0.8% |  |  |  |  |
| 2023 | 1.0% |  |  |  |  |
| 2022 | 0.6% |  |  |  |  |
| 2021 | 0.6% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman Short Duration Bond Portfolio I Class - 02-875** | **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman Short Duration Bond Portfolio I Class - 02-875** | **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman Short Duration Bond Portfolio I Class - 02-875** | **AUL American Individual Variable Life Unit Trust<br> Neuberger Berman Short Duration Bond Portfolio I Class - 02-875** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $140110 | $151995 | 14490 |
| Receivables: investments sold | 9 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $140119 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $140119 | 18017 | $7.78 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $7380 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 7380 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (457) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 702 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 245 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $7625 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $7380 | $8966 |
| Net realized gain (loss) | Net realized gain (loss) | (457) | (3622) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 702 | 4022 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 7625 | 9366 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 4557 | 7111 |
| Cost of units redeemed | Cost of units redeemed | (642) | (29165) |
| Account charges | Account charges | (6475) | (8658) |
| Increase (decrease) | Increase (decrease) | (2560) | (30712) |
| Net increase (decrease) | Net increase (decrease) | 5065 | (21346) |
| Net assets, beginning | Net assets, beginning | 135054 | 156400 |
| Net assets, ending | Net assets, ending | $140119 | $135054 |
| Units sold | Units sold | 626 | 1210 |
| Units redeemed | Units redeemed | (967) | (5407) |
| Net increase (decrease) | Net increase (decrease) | (341) | (4197) |
| Units outstanding, beginning | Units outstanding, beginning | 18358 | 22555 |
| Units outstanding, ending | Units outstanding, ending | 18017 | 18358 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2003* | *\* Date of Fund Inception into Variable Account: 5 /1 /2003* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $7490055 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (7568678) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 402336 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (171709) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (11885) |
| Net assets | Net assets | Net assets | $140119 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 7.78 | 18 | $140 | N/A | 5.7% |
| 12/31/2024 | 7.36 | 18 | 135 | N/A | 6.1% |
| 12/31/2023 | 6.93 | 23 | 156 | N/A | 5.9% |
| 12/31/2022 | 6.55 | 26 | 170 | N/A | -5.2% |
| 12/31/2021 | 6.91 | 28 | 193 | N/A | 0.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 5.4% |  |  |  |  |
| 2024 | 6.2% |  |  |  |  |
| 2023 | 4.3% |  |  |  |  |
| 2022 | 3.7% |  |  |  |  |
| 2021 | 2.5% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Pioneer Select Mid Cap Growth VCT Portfolio I Class - 02-597** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Select Mid Cap Growth VCT Portfolio I Class - 02-597** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Select Mid Cap Growth VCT Portfolio I Class - 02-597** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Select Mid Cap Growth VCT Portfolio I Class - 02-597** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $2122743 | $1800824 | 72376 |
| Receivables: investments sold | 53 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $2122796 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $2122796 | 48762 | $43.53 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 0 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 27707 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 213818 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 135271 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 376796 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $376806 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $0 | $- |
| Net realized gain (loss) | Net realized gain (loss) | 27707 | 4767 |
| Realized gain distributions | Realized gain distributions | 213818 |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 135271 | 382535 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 376796 | 387302 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 134359 | 46071 |
| Cost of units redeemed | Cost of units redeemed | (204965) | (173145) |
| Account charges | Account charges | (64386) | (62512) |
| Increase (decrease) | Increase (decrease) | (134982) | (189586) |
| Net increase (decrease) | Net increase (decrease) | 241814 | 197716 |
| Net assets, beginning | Net assets, beginning | 1880982 | 1683266 |
| Net assets, ending | Net assets, ending | $2122796 | $1880982 |
| Units sold | Units sold | 3297 | 1506 |
| Units redeemed | Units redeemed | (6589) | (7183) |
| Net increase (decrease) | Net increase (decrease) | (3292) | (5677) |
| Units outstanding, beginning | Units outstanding, beginning | 52054 | 57731 |
| Units outstanding, ending | Units outstanding, ending | 48762 | 52054 |
| *\* Date of Fund Inception into Variable Account: 5 /30 /1999* | *\* Date of Fund Inception into Variable Account: 5 /30 /1999* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $6416910 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (8045321) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 80786 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 489113 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2859389 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 321919 |
| Net assets | Net assets | Net assets | $2122796 |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 43.53 | 49 | $2123 | N/A | 20.5% |
| 12/31/2024 | 36.14 | 52 | 1881 | N/A | 23.9% |
| 12/31/2023 | 29.16 | 58 | 1683 | N/A | 18.8% |
| 12/31/2022 | 24.55 | 61 | 1488 | N/A | -31.1% |
| 12/31/2021 | 35.61 | 69 | 2443 | N/A | 8.1% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Pioneer Equity Income VCT Portfolio II Class - 02-598** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Equity Income VCT Portfolio II Class - 02-598** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Equity Income VCT Portfolio II Class - 02-598** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Equity Income VCT Portfolio II Class - 02-598** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $56900 | $74138 | 4600 |
| Receivables: investments sold | 6 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $56906 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $56906 | 1914 | $29.74 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $1068 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1068 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (315) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 7654 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (2689) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 4650 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $5718 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $1068 | $952 |
| Net realized gain (loss) | Net realized gain (loss) | (315) | (322) |
| Realized gain distributions | Realized gain distributions | 7654 | 8830 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (2689) | (4429) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 5718 | 5031 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 1420 | 1178 |
| Cost of units redeemed | Cost of units redeemed | (228) | (467) |
| Account charges | Account charges | (621) | (633) |
| Increase (decrease) | Increase (decrease) | 571 | 78 |
| Net increase (decrease) | Net increase (decrease) | 6289 | 5109 |
| Net assets, beginning | Net assets, beginning | 50617 | 45508 |
| Net assets, ending | Net assets, ending | $56906 | $50617 |
| Units sold | Units sold | 52 | 49 |
| Units redeemed | Units redeemed | (30) | (44) |
| Net increase (decrease) | Net increase (decrease) | 22 | 5 |
| Units outstanding, beginning | Units outstanding, beginning | 1892 | 1887 |
| Units outstanding, ending | Units outstanding, ending | 1914 | 1892 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2009* | *\* Date of Fund Inception into Variable Account: 5 /1 /2009* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $90811 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (76255) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 9524 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (11367) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 61431 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (17238) |
| Net assets | Net assets | Net assets | $56906 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 29.74 | 2 | $57 | N/A | 11.1% |
| 12/31/2024 | 26.76 | 2 | 51 | N/A | 11.0% |
| 12/31/2023 | 24.11 | 2 | 46 | N/A | 7.2% |
| 12/31/2022 | 22.50 | 3 | 62 | N/A | -7.9% |
| 12/31/2021 | 24.44 | 3 | 67 | N/A | 25.3% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.0% |  |  |  |  |
| 2024 | 2.0% |  |  |  |  |
| 2023 | 1.3% |  |  |  |  |
| 2022 | 1.5% |  |  |  |  |
| 2021 | 1.4% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Pioneer Bond VCT Portfolio I Class - 02-CPG** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Bond VCT Portfolio I Class - 02-CPG** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Bond VCT Portfolio I Class - 02-CPG** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Bond VCT Portfolio I Class - 02-CPG** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $1933567 | $2080372 | 197920 |
| Receivables: investments sold | 114 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $1933681 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $1933681 | 303656 | $6.37 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $84527 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 84527 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (26285) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 105309 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 79024 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $163551 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $84527 | $84260 |
| Net realized gain (loss) | Net realized gain (loss) | (26285) | (25787) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 105309 | 661 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 163551 | 59134 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 152951 | 166219 |
| Cost of units redeemed | Cost of units redeemed | (172289) | (129954) |
| Account charges | Account charges | (79781) | (97835) |
| Increase (decrease) | Increase (decrease) | (99119) | (61570) |
| Net increase (decrease) | Net increase (decrease) | 64432 | (2436) |
| Net assets, beginning | Net assets, beginning | 1869249 | 1871685 |
| Net assets, ending | Net assets, ending | $1933681 | $1869249 |
| Units sold | Units sold | 25730 | 32152 |
| Units redeemed | Units redeemed | (42618) | (42726) |
| Net increase (decrease) | Net increase (decrease) | (16888) | (10574) |
| Units outstanding, beginning | Units outstanding, beginning | 320544 | 331118 |
| Units outstanding, ending | Units outstanding, ending | 303656 | 320544 |
| *\* Date of Fund Inception into Variable Account: 10 /21 /2016* | *\* Date of Fund Inception into Variable Account: 10 /21 /2016* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $7634601 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (6701733) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 972216 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 36632 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 138770 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (146805) |
| Net assets | Net assets | Net assets | $1933681 |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 6.37 | 304 | $1934 | N/A | 9.2% |
| 12/31/2024 | 5.83 | 321 | 1869 | N/A | 3.2% |
| 12/31/2023 | 5.65 | 331 | 1872 | N/A | 7.0% |
| 12/31/2022 | 5.28 | 366 | 1935 | N/A | -14.2% |
| 12/31/2021 | 6.16 | 391 | 2409 | N/A | 0.4% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 4.4% |  |  |  |  |
| 2024 | 4.5% |  |  |  |  |
| 2023 | 3.9% |  |  |  |  |
| 2022 | 2.4% |  |  |  |  |
| 2021 | 2.1% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Pioneer Equity Income VCT Portfolio I Class - 02-CPF** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Equity Income VCT Portfolio I Class - 02-CPF** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Equity Income VCT Portfolio I Class - 02-CPF** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Equity Income VCT Portfolio I Class - 02-CPF** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $7424233 | $10477456 | 621340 |
| Receivables: investments sold | 791 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $7425024 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $7425024 | 725062 | $10.24 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $161629 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 161629 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (251970) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1048119 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (178393) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 617756 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $779385 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $161629 | $159435 |
| Net realized gain (loss) | Net realized gain (loss) | (251970) | (231370) |
| Realized gain distributions | Realized gain distributions | 1048119 | 1303075 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (178393) | (481454) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 779385 | 749686 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 212599 | 210622 |
| Cost of units redeemed | Cost of units redeemed | (407857) | (422136) |
| Account charges | Account charges | (256843) | (269734) |
| Increase (decrease) | Increase (decrease) | (452101) | (481248) |
| Net increase (decrease) | Net increase (decrease) | 327284 | 268438 |
| Net assets, beginning | Net assets, beginning | 7097740 | 6829302 |
| Net assets, ending | Net assets, ending | $7425024 | $7097740 |
| Units sold | Units sold | 25163 | 27490 |
| Units redeemed | Units redeemed | (72212) | (81899) |
| Net increase (decrease) | Net increase (decrease) | (47049) | (54409) |
| Units outstanding, beginning | Units outstanding, beginning | 772111 | 826520 |
| Units outstanding, ending | Units outstanding, ending | 725062 | 772111 |
| *\* Date of Fund Inception into Variable Account: 10 /21 /2016* | *\* Date of Fund Inception into Variable Account: 10 /21 /2016* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $12409683 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (10685168) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1599916 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (2992584) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 10146400 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (3053223) |
| Net assets | Net assets | Net assets | $7425024 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 10.24 | 725 | $7425 | N/A | 11.4% |
| 12/31/2024 | 9.19 | 772 | 7098 | N/A | 11.3% |
| 12/31/2023 | 8.26 | 827 | 6829 | N/A | 7.5% |
| 12/31/2022 | 7.69 | 1106 | 8505 | N/A | -7.8% |
| 12/31/2021 | 8.33 | 1300 | 10835 | N/A | 25.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 2.2% |  |  |  |  |
| 2024 | 2.3% |  |  |  |  |
| 2023 | 1.8% |  |  |  |  |
| 2022 | 1.7% |  |  |  |  |
| 2021 | 1.5% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Pioneer Fund VCT Portfolio I Class - 02-596** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Fund VCT Portfolio I Class - 02-596** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Fund VCT Portfolio I Class - 02-596** | **AUL American Individual Variable Life Unit Trust<br> Pioneer Fund VCT Portfolio I Class - 02-596** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $688748 | $592500 | 35055 |
| Receivables: investments sold | 86 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $688834 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $688834 | 20757 | $33.19 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $2934 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 2934 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 11414 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 86925 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 37583 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 135922 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $138856 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $2934 | $4141 |
| Net realized gain (loss) | Net realized gain (loss) | 11414 | 6286 |
| Realized gain distributions | Realized gain distributions | 86925 | 27527 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 37583 | 70128 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 138856 | 108082 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 118644 | 134616 |
| Cost of units redeemed | Cost of units redeemed | (166669) | (98744) |
| Account charges | Account charges | (30999) | (25954) |
| Increase (decrease) | Increase (decrease) | (79024) | 9918 |
| Net increase (decrease) | Net increase (decrease) | 59832 | 118000 |
| Net assets, beginning | Net assets, beginning | 629002 | 511002 |
| Net assets, ending | Net assets, ending | $688834 | $629002 |
| Units sold | Units sold | 4468 | 4959 |
| Units redeemed | Units redeemed | (7092) | (4876) |
| Net increase (decrease) | Net increase (decrease) | (2624) | 83 |
| Units outstanding, beginning | Units outstanding, beginning | 23381 | 23298 |
| Units outstanding, ending | Units outstanding, ending | 20757 | 23381 |
| *\* Date of Fund Inception into Variable Account: 5 /30 /1999* | *\* Date of Fund Inception into Variable Account: 5 /30 /1999* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $13826404 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (15748151) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 537464 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 96866 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1880003 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 96248 |
| Net assets | Net assets | Net assets | $688834 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 33.19 | 21 | $689 | N/A | 23.4% |
| 12/31/2024 | 26.90 | 23 | 629 | N/A | 22.7% |
| 12/31/2023 | 21.93 | 23 | 511 | N/A | 28.9% |
| 12/31/2022 | 17.01 | 26 | 449 | N/A | -19.5% |
| 12/31/2021 | 21.13 | 33 | 694 | N/A | 28.0% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.4% |  |  |  |  |
| 2024 | 0.7% |  |  |  |  |
| 2023 | 0.9% |  |  |  |  |
| 2022 | 0.6% |  |  |  |  |
| 2021 | 0.3% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Royce Capital Small-Cap Portfolio Investor Class - 02-750** | **AUL American Individual Variable Life Unit Trust<br> Royce Capital Small-Cap Portfolio Investor Class - 02-750** | **AUL American Individual Variable Life Unit Trust<br> Royce Capital Small-Cap Portfolio Investor Class - 02-750** | **AUL American Individual Variable Life Unit Trust<br> Royce Capital Small-Cap Portfolio Investor Class - 02-750** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $37220 | $35551 | 3951 |
| Receivables: investments sold | 3 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $37223 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $37223 | 2260 | $16.47 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $658 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 658 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 420 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2531 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (1069) |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 1882 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $2540 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $658 | $587 |
| Net realized gain (loss) | Net realized gain (loss) | 420 | 10586 |
| Realized gain distributions | Realized gain distributions | 2531 | 1984 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (1069) | (6733) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 2540 | 6424 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 2892 | 3821 |
| Cost of units redeemed | Cost of units redeemed | (13947) | (58776) |
| Account charges | Account charges | (2947) | (5535) |
| Increase (decrease) | Increase (decrease) | (14002) | (60490) |
| Net increase (decrease) | Net increase (decrease) | (11462) | (54066) |
| Net assets, beginning | Net assets, beginning | 48685 | 102751 |
| Net assets, ending | Net assets, ending | $37223 | $48685 |
| Units sold | Units sold | 208 | 290 |
| Units redeemed | Units redeemed | (1168) | (4097) |
| Net increase (decrease) | Net increase (decrease) | (960) | (3807) |
| Units outstanding, beginning | Units outstanding, beginning | 3220 | 7027 |
| Units outstanding, ending | Units outstanding, ending | 2260 | 3220 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $281471 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (326410) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 9058 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 13743 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 57692 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 1669 |
| Net assets | Net assets | Net assets | $37223 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 16.47 | 2 | $37 | N/A | 8.9% |
| 12/31/2024 | 15.12 | 3 | 49 | N/A | 3.4% |
| 12/31/2023 | 14.62 | 7 | 103 | N/A | 25.9% |
| 12/31/2022 | 11.61 | 10 | 120 | N/A | -9.2% |
| 12/31/2021 | 12.79 | 11 | 146 | N/A | 28.8% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.5% |  |  |  |  |
| 2024 | 0.8% |  |  |  |  |
| 2023 | 0.7% |  |  |  |  |
| 2022 | 0.4% |  |  |  |  |
| 2021 | 2.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Total Bond Market Index Portfolio - 02-121** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Total Bond Market Index Portfolio - 02-121** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Total Bond Market Index Portfolio - 02-121** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Total Bond Market Index Portfolio - 02-121** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $7549961 | $8018323 | 699058 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | (129) |  |  |
| Net assets | $7549832 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $7549832 | 799803 | $9.44 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $247143 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 247143 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (50214) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 303964 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 253750 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $500893 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $247143 | $186457 |
| Net realized gain (loss) | Net realized gain (loss) | (50214) | (66461) |
| Realized gain distributions | Realized gain distributions |  |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 303964 | (17299) |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 500893 | 102697 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 644095 | 902052 |
| Cost of units redeemed | Cost of units redeemed | (396378) | (401009) |
| Account charges | Account charges | (284803) | (279978) |
| Increase (decrease) | Increase (decrease) | (37086) | 221065 |
| Net increase (decrease) | Net increase (decrease) | 463807 | 323762 |
| Net assets, beginning | Net assets, beginning | 7086025 | 6762263 |
| Net assets, ending | Net assets, ending | $7549832 | $7086025 |
| Units sold | Units sold | 82158 | 106032 |
| Units redeemed | Units redeemed | (85103) | (78879) |
| Net increase (decrease) | Net increase (decrease) | (2945) | 27153 |
| Units outstanding, beginning | Units outstanding, beginning | 802748 | 775595 |
| Units outstanding, ending | Units outstanding, ending | 799803 | 802748 |
| *\* Date of Fund Inception into Variable Account: 4 /29 /2005* | *\* Date of Fund Inception into Variable Account: 4 /29 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $23533820 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (17860198) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 2270538 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (196536) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 270570 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (468362) |
| Net assets | Net assets | Net assets | $7549832 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 9.44 | 800 | $7550 | N/A | 6.9% |
| 12/31/2024 | 8.83 | 803 | 7086 | N/A | 1.2% |
| 12/31/2023 | 8.72 | 776 | 6762 | N/A | 5.6% |
| 12/31/2022 | 8.26 | 890 | 7354 | N/A | -13.2% |
| 12/31/2021 | 9.52 | 1006 | 9572 | N/A | -1.7% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 3.4% |  |  |  |  |
| 2024 | 2.7% |  |  |  |  |
| 2023 | 2.6% |  |  |  |  |
| 2022 | 2.0% |  |  |  |  |
| 2021 | 1.7% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Diversified Value Portfolio - 02-190** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Diversified Value Portfolio - 02-190** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Diversified Value Portfolio - 02-190** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Diversified Value Portfolio - 02-190** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $202552 | $167381 | 11614 |
| Receivables: investments sold | 361 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $202913 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $202913 | 8322 | $24.38 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $2769 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 2769 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 621 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 14481 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 11326 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 26428 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $29197 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $2769 | $2568 |
| Net realized gain (loss) | Net realized gain (loss) | 621 | 2289 |
| Realized gain distributions | Realized gain distributions | 14481 | 9285 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 11326 | 8609 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 29197 | 22751 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 7221 | 6701 |
| Cost of units redeemed | Cost of units redeemed | (317) | (14937) |
| Account charges | Account charges | (6342) | (5950) |
| Increase (decrease) | Increase (decrease) | 562 | (14186) |
| Net increase (decrease) | Net increase (decrease) | 29759 | 8565 |
| Net assets, beginning | Net assets, beginning | 173154 | 164589 |
| Net assets, ending | Net assets, ending | $202913 | $173154 |
| Units sold | Units sold | 329 | 357 |
| Units redeemed | Units redeemed | (303) | (1121) |
| Net increase (decrease) | Net increase (decrease) | 26 | (764) |
| Units outstanding, beginning | Units outstanding, beginning | 8296 | 9060 |
| Units outstanding, ending | Units outstanding, ending | 8322 | 8296 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2008* | *\* Date of Fund Inception into Variable Account: 5 /1 /2008* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $3356411 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (5005672) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 252340 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 1341345 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 223318 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 35171 |
| Net assets | Net assets | Net assets | $202913 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 24.38 | 8 | $203 | N/A | 16.8% |
| 12/31/2024 | 20.87 | 8 | 173 | N/A | 14.9% |
| 12/31/2023 | 18.17 | 9 | 165 | N/A | 20.1% |
| 12/31/2022 | 15.12 | 9 | 138 | N/A | -11.5% |
| 12/31/2021 | 17.09 | 8 | 128 | N/A | 30.5% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.5% |  |  |  |  |
| 2024 | 1.5% |  |  |  |  |
| 2023 | 1.4% |  |  |  |  |
| 2022 | 1.0% |  |  |  |  |
| 2021 | 1.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Mid-Cap Index Portfolio - 02-118** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Mid-Cap Index Portfolio - 02-118** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Mid-Cap Index Portfolio - 02-118** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Mid-Cap Index Portfolio - 02-118** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $3649273 | $2805769 | 130520 |
| Receivables: investments sold | 88 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $3649361 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $3649361 | 104365 | $34.97 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $40965 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 40965 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 51492 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 163200 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 122020 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 336712 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $377677 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $40965 | $44478 |
| Net realized gain (loss) | Net realized gain (loss) | 51492 | 61411 |
| Realized gain distributions | Realized gain distributions | 163200 | 37068 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 122020 | 305233 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 377677 | 448190 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 348451 | 59641 |
| Cost of units redeemed | Cost of units redeemed | (128716) | (186439) |
| Account charges | Account charges | (156701) | (149178) |
| Increase (decrease) | Increase (decrease) | 63034 | (275976) |
| Net increase (decrease) | Net increase (decrease) | 440711 | 172214 |
| Net assets, beginning | Net assets, beginning | 3208650 | 3036436 |
| Net assets, ending | Net assets, ending | $3649361 | $3208650 |
| Units sold | Units sold | 11337 | 2154 |
| Units redeemed | Units redeemed | (9323) | (11262) |
| Net increase (decrease) | Net increase (decrease) | 2014 | (9108) |
| Units outstanding, beginning | Units outstanding, beginning | 102351 | 111459 |
| Units outstanding, ending | Units outstanding, ending | 104365 | 102351 |
| *\* Date of Fund Inception into Variable Account: 4 /29 /2005* | *\* Date of Fund Inception into Variable Account: 4 /29 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $14555866 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (16170157) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 674983 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 975329 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 2769836 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 843504 |
| Net assets | Net assets | Net assets | $3649361 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 34.97 | 104 | $3649 | N/A | 11.5% |
| 12/31/2024 | 31.35 | 102 | 3209 | N/A | 15.1% |
| 12/31/2023 | 27.24 | 111 | 3036 | N/A | 15.8% |
| 12/31/2022 | 23.52 | 99 | 2319 | N/A | -18.8% |
| 12/31/2021 | 28.97 | 128 | 3703 | N/A | 24.4% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 1.2% |  |  |  |  |
| 2024 | 1.4% |  |  |  |  |
| 2023 | 1.3% |  |  |  |  |
| 2022 | 1.1% |  |  |  |  |
| 2021 | 1.3% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Small Company Growth Portfolio - 02-119** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Small Company Growth Portfolio - 02-119** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Small Company Growth Portfolio - 02-119** | **AUL American Individual Variable Life Unit Trust<br> Vanguard VIF Small Company Growth Portfolio - 02-119** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $1031832 | $930678 | 54109 |
| Receivables: investments sold | 34 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $1031866 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $1031866 | 31820 | $32.43 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $1222 |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1222 |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 4657 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 17378 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 58167 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 80202 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $81424 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $1222 | $1346 |
| Net realized gain (loss) | Net realized gain (loss) | 4657 | 1112 |
| Realized gain distributions | Realized gain distributions | 17378 |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 58167 | 24482 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 81424 | 26940 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 735373 | 6014 |
| Cost of units redeemed | Cost of units redeemed | (20227) | (1495) |
| Account charges | Account charges | (25327) | (10236) |
| Increase (decrease) | Increase (decrease) | 689819 | (5717) |
| Net increase (decrease) | Net increase (decrease) | 771243 | 21223 |
| Net assets, beginning | Net assets, beginning | 260623 | 239400 |
| Net assets, ending | Net assets, ending | $1031866 | $260623 |
| Units sold | Units sold | 24914 | 212 |
| Units redeemed | Units redeemed | (1622) | (409) |
| Net increase (decrease) | Net increase (decrease) | 23292 | (197) |
| Units outstanding, beginning | Units outstanding, beginning | 8528 | 8725 |
| Units outstanding, ending | Units outstanding, ending | 31820 | 8528 |
| *\* Date of Fund Inception into Variable Account: 4 /29 /2005* | *\* Date of Fund Inception into Variable Account: 4 /29 /2005* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $13009600 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (13199920) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 70390 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (335182) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1385824 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 101154 |
| Net assets | Net assets | Net assets | $1031866 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 32.43 | 32 | $1032 | N/A | 6.1% |
| 12/31/2024 | 30.56 | 9 | 261 | N/A | 11.4% |
| 12/31/2023 | 27.44 | 9 | 239 | N/A | 19.6% |
| 12/31/2022 | 22.93 | 10 | 239 | N/A | -25.4% |
| 12/31/2021 | 30.72 | 14 | 445 | N/A | 14.2% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.2% |  |  |  |  |
| 2024 | 0.5% |  |  |  |  |
| 2023 | 0.4% |  |  |  |  |
| 2022 | 0.3% |  |  |  |  |
| 2021 | 0.4% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

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| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Alger Small Cap Growth Portfolio I-2 Class - 02-515** | **AUL American Individual Variable Life Unit Trust<br> Alger Small Cap Growth Portfolio I-2 Class - 02-515** | **AUL American Individual Variable Life Unit Trust<br> Alger Small Cap Growth Portfolio I-2 Class - 02-515** | **AUL American Individual Variable Life Unit Trust<br> Alger Small Cap Growth Portfolio I-2 Class - 02-515** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $1395307 | $1791606 | 74844 |
| Receivables: investments sold |  |  |  |
| Payables: investments purchased | (210) |  |  |
| Net assets | $1395097 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $1395097 | 80413 | $17.35 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | (43909) |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 16178 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 105631 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 77900 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $77900 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $5387 |
| Net realized gain (loss) | Net realized gain (loss) | (43909) | (69173) |
| Realized gain distributions | Realized gain distributions | 16178 |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 105631 | 175989 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 77900 | 112203 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 64281 | 43656 |
| Cost of units redeemed | Cost of units redeemed | (88508) | (141044) |
| Account charges | Account charges | (40413) | (44102) |
| Increase (decrease) | Increase (decrease) | (64640) | (141490) |
| Net increase (decrease) | Net increase (decrease) | 13260 | (29287) |
| Net assets, beginning | Net assets, beginning | 1381837 | 1411124 |
| Net assets, ending | Net assets, ending | $1395097 | $1381837 |
| Units sold | Units sold | 4365 | 4485 |
| Units redeemed | Units redeemed | (8309) | (13277) |
| Net increase (decrease) | Net increase (decrease) | (3944) | (8792) |
| Units outstanding, beginning | Units outstanding, beginning | 84357 | 93149 |
| Units outstanding, ending | Units outstanding, ending | 80413 | 84357 |
| *\* Date of Fund Inception into Variable Account: 5 /1 /2000* | *\* Date of Fund Inception into Variable Account: 5 /1 /2000* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $16002115 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (18700855) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 48614 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 765628 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 3675894 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | (396299) |
| Net assets | Net assets | Net assets | $1395097 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 17.35 | 80 | $1395 | N/A | 5.9% |
| 12/31/2024 | 16.38 | 84 | 1382 | N/A | 8.1% |
| 12/31/2023 | 15.15 | 93 | 1411 | N/A | 16.5% |
| 12/31/2022 | 13.00 | 146 | 1905 | N/A | -38.0% |
| 12/31/2021 | 20.98 | 141 | 2958 | N/A | -6.1% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.4% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

---

| | | | |
|:---|:---|:---|:---|
| **AUL American Individual Variable Life Unit Trust<br> Alger Large Cap Growth Portfolio I-2 Class - 02-500** | **AUL American Individual Variable Life Unit Trust<br> Alger Large Cap Growth Portfolio I-2 Class - 02-500** | **AUL American Individual Variable Life Unit Trust<br> Alger Large Cap Growth Portfolio I-2 Class - 02-500** | **AUL American Individual Variable Life Unit Trust<br> Alger Large Cap Growth Portfolio I-2 Class - 02-500** |
| **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** | **Statement of Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Investments<br> at Value | Cost of<br> Investments | Mutual Fund<br> Shares |
| Investments | $10611324 | $6704754 | 102860 |
| Receivables: investments sold | 844 |  |  |
| Payables: investments purchased | - |  |  |
| Net assets | $10612168 |  |  |
|  | Net Assets | Units<br> Outstanding | Accumulation<br> Unit Value |
|  | $10612168 | 175663 | $60.41 |
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 | For the period ended December 31, 2025 |
| Investment Income: | Investment Income: | Investment Income: |  |
| Dividend income | Dividend income | Dividend income | $- |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | - |
| Gain (loss) on investments: | Gain (loss) on investments: | Gain (loss) on investments: |  |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 538577 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 1189169 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 946220 |
| Net gain (loss) | Net gain (loss) | Net gain (loss) | 2673966 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | $2673966 |
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  |  | Period ended<br> December 31, 2025 \* | Period ended<br> December 31, 2024 \* |
| Increase (decrease) in net assets from operations: | Increase (decrease) in net assets from operations: |  |  |
| Net investment income (loss) | Net investment income (loss) | $- | $- |
| Net realized gain (loss) | Net realized gain (loss) | 538577 | 178020 |
| Realized gain distributions | Realized gain distributions | 1189169 |  |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 946220 | 2703032 |
| Increase (decrease) in net assets from operations | Increase (decrease) in net assets from operations | 2673966 | 2881052 |
| Contract owner transactions: | Contract owner transactions: |  |  |
| Proceeds from units sold | Proceeds from units sold | 284880 | 181559 |
| Cost of units redeemed | Cost of units redeemed | (1214055) | (761772) |
| Account charges | Account charges | (262511) | (239780) |
| Increase (decrease) | Increase (decrease) | (1191686) | (819993) |
| Net increase (decrease) | Net increase (decrease) | 1482280 | 2061059 |
| Net assets, beginning | Net assets, beginning | 9129888 | 7068829 |
| Net assets, ending | Net assets, ending | $10612168 | $9129888 |
| Units sold | Units sold | 5377 | 4782 |
| Units redeemed | Units redeemed | (26585) | (25711) |
| Net increase (decrease) | Net increase (decrease) | (21208) | (20929) |
| Units outstanding, beginning | Units outstanding, beginning | 196871 | 217800 |
| Units outstanding, ending | Units outstanding, ending | 175663 | 196871 |
| *\* Date of Fund Inception into Variable Account: 4 /30 /1998* | *\* Date of Fund Inception into Variable Account: 4 /30 /1998* |  |  |
| *Accumulation unit value on date of inception: $5 .00* | *Accumulation unit value on date of inception: $5 .00* |  |  |
| **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** | **Cumulative Net Assets** |
| December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Proceeds from units sold | Proceeds from units sold | Proceeds from units sold | $28205928 |
| Cost of units redeemed/account charges | Cost of units redeemed/account charges | Cost of units redeemed/account charges | (32142768) |
| Net investment income (loss) | Net investment income (loss) | Net investment income (loss) | 1873424 |
| Net realized gain (loss) | Net realized gain (loss) | Net realized gain (loss) | 708609 |
| Realized gain distributions | Realized gain distributions | Realized gain distributions | 8060405 |
| Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | Net change in unrealized appreciation (depreciation) | 3906570 |
| Net assets | Net assets | Net assets | $10612168 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** | **Financial Highlights** |
| A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. | A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information. |
|  | Accumulation Unit Value | Units Outstanding (000s) | Net Assets (000s) | Expense as a % of Average Net Assets | Total Return |
| 12/31/2025 | 60.41 | 176 | $10612 | N/A | 30.3% |
| 12/31/2024 | 46.37 | 197 | 9130 | N/A | 42.9% |
| 12/31/2023 | 32.46 | 218 | 7069 | N/A | 32.7% |
| 12/31/2022 | 24.46 | 233 | 5693 | N/A | -38.7% |
| 12/31/2021 | 39.88 | 244 | 9742 | N/A | 11.8% |
| The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. | The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception. |
| 2025 | 0.0% |  |  |  |  |
| 2024 | 0.0% |  |  |  |  |
| 2023 | 0.0% |  |  |  |  |
| 2022 | 0.0% |  |  |  |  |
| 2021 | 0.0% |  |  |  |  |
| *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* | *The accompanying notes are an integral part of the financial statements.* |

---

AUL American Individual Variable Life Unit Trust

**NOTES TO FINANCIAL STATEMENTS**

**1. Organization** 

The AUL American Individual Variable Life Unit Trust ("Variable Account") was established by American United Life Insurance Company ("AUL") on July 10, 1997, under procedures established by Indiana law and is registered as a unit investment trust under the Investment Company Act of 1940, as amended. The Variable Account commenced operations on April 30, 1998. The Variable Account is a segregated investment account for individual variable life insurance contracts issued by AUL and invests exclusively in shares of mutual fund portfolios offered by the following fund families:

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| | | |
|:---|:---|:---|
| **Fund Families** | **Fund Families** | **Fund Families** |
| AB | Franklin Templeton | Pioneer |
| Alger | Goldman Sachs | Royce Capital |
| BNY Mellon | Invesco | T. Rowe Price |
| Calvert | Janus | Vanguard |
| Columbia | Lincoln Financial | Victory |
| Fidelity | Neuberger Berman | |

---

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The Variable Account is considered an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification 946, Financial Services - Investment Companies.

The Variable Account operations constitute a single operating segment, and therefore the single reportable segment of the Variable Account. The Chief Financial Officer of the Company is the chief operating decision maker ("CODM"). The CODM manages the business activities of the Variable Account and utilizes the net increase (decrease) in net assets from operations presented in the Statement of Operations to allocate resources and assess performance of the Variable Account. The measurement of segment assets is reported as "Net Assets" on the Statement of Net Assets. The segment's significant expenses, as described in Note 3, are charges for mortality and expense risk and/or account charges which are reported separately on the Statement of Operations and/or Statement of Changes in Net Assets.

**2. Summary of Significant Accounting Policies**

This annual report includes information related to investment subaccounts which are available for investment as of December 31, 2025. This includes subaccounts for which there have been no investing transactions or income and expense transactions commenced during 2025.

Currently for years after offering of the subaccount but prior to commencement of investing transactions, management has presented the accumulation unit values, expenses as a percentage of average net assets, and total return for these investment subaccounts using an inception date accumulation unit value of $5.00, adjusted for performance of the underlying mutual fund investment and contractual expense rates.

The Report of Independent Registered Public Accounting Firm covers the accompanying statements of net assets of each of the subaccounts as of December 31, 2025, and the related statements of operations and of changes in net assets for each of the periods, including the related notes (collectively referred to as the "financial statements"). The Report of Independent Auditors includes the subaccounts and periods that are audited.

Accumulation unit values and total returns for subaccounts with zero net assets at year end represent amounts based on the performance of the underlying mutual fund for the respective year, less contractual expense rates.

Investment transactions are accounted for on the trade date. Dividend income and capital gains from realized gain distributions are recorded on the ex-date and retain their character as distributed from the underlying fund. Realized gains and losses are calculated using a specific identification accounting basis.

**Units Outstanding and Accumulation Unit Value**

In the Statement of Net Assets, the units outstanding and accumulation unit values have been rounded to the nearest whole unit or nearest cent, respectively.

**Fair Value Measurements**

The value of the investments is based on the closing Net Asset Value ("NAV") per share reported by the underlying mutual funds (which value their investment securities at market value or, in the absence of readily available market quotations, at fair value) and the number of shares owned by the Variable Account. The value of the investments is generally classified as Level 1 in the fair value hierarchy as described below.

AUL American Individual Variable Life Unit Trust

**NOTES TO FINANCIAL STATEMENTS *(continued)***

**2. Summary of Significant Accounting Policies *(continued)***

Various inputs are used in determining the value of the Variable Account's subaccount investments. These inputs are summarized in the three broad levels listed below.

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| | |
|:---|:---|
| Level 1 – | Unadjusted quoted prices in active markets for identical assets. |
| Level 2 – | Observable inputs, other than quoted prices in Level 1, that are observable for the asset, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data. |
| Level 3 – | Unobservable inputs for the asset, to the extent relevant observable inputs are not available, representing the Variable Account's own assumptions about the assumptions a market participant would use in valuing the asset, and would be based on the best information available. |

---

The following is a summary of the inputs used as of December 31, 2025, in valuing the Variable Account's subaccount investments carried at fair value:

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Total** |
| Mutual Funds | $149427334 | $– $– $| 149427334 |

---

It is the Variable Account's policy to recognize transfers in and transfers out at fair value as of the beginning of the year. The Variable Account did not have any transfers between levels of the fair value hierarchy during the reporting year.

For the year ended December 31, 2025, the Variable Account did not change its valuation methodology and did not use significant unobservable inputs (Level 3) in determining the value of investments.

**Taxes**

Operations of the Variable Account are part of, and are taxed with, the operations of AUL, which is taxed as a "life insurance company" under the Internal Revenue Code. Under current law, investment income, including realized and unrealized capital gains of the investment accounts, is not taxed to AUL to the extent it is applied to increase reserves under the contracts. The Variable Account has not been charged for federal and state income taxes since none have been imposed.

Management of the Variable Account has reviewed all open tax years of major jurisdictions and concluded that there are no significant uncertainties that would impact the Variable Account's Statement of Net Assets or Statement of Operations. There is no significant tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions.

**Estimates**

The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting year. Actual results could differ from those estimates.

**Reporting Periods**

Periods less than a calendar year represent the date of first offering of the subaccount to the end of the applicable year. Expense ratios for such periods are annualized. Total returns and income ratios are not annualized.

**3. Account Charges**

With respect to variable life insurance policies funded by the Variable Account, total account charges during the years ended December 31, 2025 and 2024, were $4,951,399 and $5,050,347, respectively. The account charges, including mortality and expense charges, are recorded as redemptions of units in the accompanying Statement of Changes in Net Assets. Account charge deductions by policy are described as follows:

**Modified Single Premium Policy:** AUL assesses (1) cost of insurance charges, (2) monthly administrative charges not to exceed 0.40% of the account value on an annual basis, (3) mortality and expense charges of 0.90% per year for the first 10 policy years and 0.80% per year thereafter, (4) federal tax charges equal to 0.15% of the account value each year for the first 10 years, (5) an annual contract charge of $30 each year in which an individual policy's account value does not exceed a specific amount, (6) in the event of surrender, a surrender charge of 10% decreasing to 0% of premiums surrendered, depending upon policy duration, and (7) monthly premium tax charges at an annual rate of 0.25% of the account value during the first 10 policy years. The cost of additional policy riders is assessed on a monthly basis and will vary depending upon the riders chosen.

AUL American Individual Variable Life Unit Trust

**NOTES TO FINANCIAL STATEMENTS *(continued)***

**3. Account Charges *(continued)***

**Flexible Premium Adjustable Policy:** AUL assesses (1) cost of insurance charges, (2) monthly administrative charges of $17.50 per month in the first year and $10 per month thereafter, (3) mortality and expense charges of 0.75% per year for the first 10 policy years and 0.25% thereafter, (4) state and local premium taxes of 2.5% of premium and sales charges of 2.5% of premium, and (5) in the event of a surrender, 100% of target premium for the first five contract years, reduced by 10% each year for contract years 6 through 15. The cost of additional policy riders is assessed on a monthly basis and will vary depending upon the riders chosen.

**American Accumulator Policy:** AUL assesses (1) cost of insurance charges, (2) monthly administrative charges of $25 per month in the first year and $10 per month thereafter, (3) mortality and expense charges of 0.75% per year for the first 10 policy years and 0.25% thereafter, (4) premium expense charge is 6% of each premium paid, and (5) in the event of a surrender in policy year one, a surrender charge percentage is assessed based on issue age. The surrender charge percentage is then graded down over the next nine policy years. The cost of additional policy riders is assessed on a monthly basis and will vary depending upon the riders chosen.

**4. Investment Transactions**

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2025, by each subaccount, are shown below:

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| | | |
|:---|:---|:---|
| **Fund Name** | **Purchases** | **Sales** |
| AB VPS Discovery Val Port A Class - 02-378 | $1917 | $21399 |
| AB VPS International Value Portfolio A Class - 02-377 | 410 | 775 |
| Alger Large Cap Growth Portfolio I-2 Class - 02-500 | 284880 | 1476566 |
| Alger Small Cap Growth Portfolio I-2 Class - 02-515 | 64281 | 128921 |
| BNY Mellon Investment Portfolios, Small Cap Stock Index Port Ser Class - 02-646 | 225 | 17528 |
| BNY Mellon Investment Portfolios, Technology Growth Port Service Class - 02-650 | 5169 | 10153 |
| BNY Mellon Variable Investment Fund, Appreciation Portfolio Service Cl - 02-645 | 7308 | 2953 |
| Calvert VP SRI Mid Cap Growth Portfolio - 02-520 | 7342 | 6010 |
| Columbia Variable Portfolio-Small Cap Value Fund 1 Class - 02-382 | 932 | 37892 |
| Columbia Variable Portfolio-US Government Mortgage Fund 1 Class - 02-384 | 285 | 13754 |
| Fidelity VIP Asset Manager Portfolio Initial Class - 02-230 | 61750 | 148308 |
| Fidelity VIP Contrafund Portfolio Initial Class - 02-245 | 342202 | 1758588 |
| Fidelity VIP Equity-Income Portfolio Initial Class - 02-205 | 636323 | 1157503 |
| Fidelity VIP Freedom 2010 Portfolio Initial Class - 02-162 | 4638 | 74366 |
| Fidelity VIP Freedom 2015 Portfolio Initial Class - 02-161 | 1 | 9219 |
| Fidelity VIP Freedom 2020 Portfolio Initial Class - 02-159 | 6050 | 138790 |
| Fidelity VIP Freedom 2025 Portfolio Initial Class - 02-158 | 4374 | 24584 |
| Fidelity VIP Freedom 2030 Portfolio Initial Class - 02-157 | 7861 | 9295 |
| Fidelity VIP Freedom Income Portfolio Initial Class - 02-164 | 64 | 8959 |
| Fidelity VIP Government Money Market Portfolio Initial Class - 02-250 | 20552 | 44315 |
| Fidelity VIP Growth Portfolio Initial Class - 02-210 | 416547 | 4070440 |
| Fidelity VIP High Income Portfolio Initial Class - 02-215 | 105084 | 206073 |
| Fidelity VIP Index 500 Portfolio Initial Class - 02-225 | 377755 | 1225094 |
| Fidelity VIP Mid Cap Portfolio Service 2 Class - 02-941 | 1139 | 2413 |
| Fidelity VIP Overseas Portfolio Initial Class - 02-220 | 65152 | 170107 |
| Franklin Allocation VIP Fund 1 Class - 02-908 | 925 | 9827 |
| Franklin Small Cap Value VIP Fund 1 Class - 02-906 | 55706 | 1382060 |
| Goldman Sachs VIT Government Money Market Fund Service Class - 02-CGK | 3346131 | 3832624 |
| Invesco V.I. Core Equity Fund Series II Class - 02-826 | 1 | 92 |
| Invesco V.I. Diversified Dividend Fund Series I Class - 02-861 | 3149 | 21775 |
| Invesco V.I. Global Real Estate Fund Series I Class - 02-825 | 2373 | 2853 |
| Invesco V.I. Health Care Fund Series I Class - 02-815 | 10266 | 52331 |
| Invesco V.I. High Yield Fund Series I Class - 02-830 | 1239 | 12282 |
| Invesco V.I. International Growth Fund Series II Class - 02-827 | 1628 | 4018 |
| Janus Henderson Balanced Portfolio Service Class - 02-611 | 115679 | 777654 |
| Janus Henderson Flexible Bond Portfolio Institutional Class - 02-607 | 880359 | 468425 |
| Janus Henderson Forty Portfolio Institutional Class - 02-602 | 96295 | 15745 |
| Janus Henderson Global Research Portfolio Institutional Class - 02-606 | 148538 | 917026 |
| Janus Henderson Mid Cap Value Portfolio Service Class - 02-259 | 597 | 646 |
| Janus Henderson Overseas Portfolio Service Class - 02-609 | 8943495 | 402788 |
| LVIP American Century Capital Appreciation Fund I Class - 02-410 | 6157 | 6861 |
| LVIP American Century Disciplined Core Value Fund I Class - 02-425 | 34761 | 310739 |
| LVIP American Century International Fund I Class - 02-420 | 166252 | 8460487 |
| LVIP American Century Mid Cap Value Fund II Class - 02-397 | 2911 | 5038 |
| LVIP American Century Ultra Fund I Class - 02-122 | 18046 | 24269 |
| Neuberger Berman AMT Mid Cap Growth Portfolio Service Class - 02-866 | 7102 | 13260 |
| Neuberger Berman Mid Cap Intrinsic Value Portfolio I Class - 02-870 | 14249 | 39478 |

---

AUL American Individual Variable Life Unit Trust

**NOTES TO FINANCIAL STATEMENTS *(continued)***

**4. Investment Transactions *(continued)***

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| | | |
|:---|:---|:---|
| **Fund Name** | **Purchases** | **Sales** |
| Neuberger Berman Short Duration Bond Portfolio I Class - 02-875 | 4557 | 7117 |
| Pioneer Bond VCT Portfolio I Class - 02-CPG | 152951 | 252070 |
| Pioneer Equity Income VCT Portfolio I Class - 02-CPF | 212599 | 664700 |
| Pioneer Equity Income VCT Portfolio II Class - 02-598 | 1420 | 849 |
| Pioneer Fund VCT Portfolio I Class - 02-596 | 118644 | 197668 |
| Pioneer Select Mid Cap Growth VCT Portfolio I Class - 02-597 | 134359 | 269341 |
| Royce Capital Small-Cap Portfolio Investor Class - 02-750 | 2892 | 16894 |
| T. Rowe Price Blue Chip Growth Portfolio - 02-124 | 16291 | 44125 |
| T. Rowe Price Equity Income Portfolio - 02-580 | 142694 | 608815 |
| T. Rowe Price Limited-Term Bond Portfolio - 02-585 | 33271 | 65204 |
| T. Rowe Price Mid-Cap Growth Portfolio - 02-586 | 88238 | 272077 |
| Templeton Foreign VIP Fund 2 Class - 02-909 | 10708 | 2624 |
| Templeton Global Bond VIP Fund 1 Class - 02-907 | 3968 | 4860 |
| Vanguard VIF Diversified Value Portfolio - 02-190 | 7221 | 6659 |
| Vanguard VIF Mid-Cap Index Portfolio - 02-118 | 348451 | 285417 |
| Vanguard VIF Small Company Growth Portfolio - 02-119 | 735373 | 45554 |
| Vanguard VIF Total Bond Market Index Portfolio - 02-121 | 644095 | 681181 |
| **Total** | $**18935832** | $**30949438** |

---

**5. Indemnifications**

In the normal course of business, AUL enters into contracts with its vendors and others that provide for general indemnifications. The Variable Account's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Variable Account. However, based on experience, the Variable Account expects the likelihood of loss to be remote.

**6. Subsequent Events**

Management has evaluated the impact of all subsequent events through April 29, 2026, the date the financials were available to be issued, and has determined that there were no other subsequent events requiring recognition or disclosure in the financial statements.

![](tm256404d7_aulcofinsimg001.jpg)

**American United Life Insurance Company**

**(A wholly-owned subsidiary of OneAmerica Financial Partners, Inc.)**

**Report of Independent Auditors on**

**Statutory Financial Statements and Supplemental Schedules**

**December 31, 2025 and 2024**

**American United Life Insurance Company**

**Statutory Statements of Admitted Assets, Liabilities and Surplus**

**December 31, 2025 and 2024**

**(In thousands)**

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| **Admitted assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds, at amortized cost (fair value of $10,512,977 and $10,689,170) | $10387947 | $11549070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stocks |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred, at cost (fair value of $14,999) | 15000 | 15000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common, at fair value |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affiliated (cost of $2,964) | 9264 | 10951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unaffiliated (cost of $68,990 and $68,521) | 68991 | 69559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans | 1749303 | 2556978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | 87662 | 88592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other invested assets | 711136 | 672499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables for securities | 130 | 6172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities lending reinvested collateral | 414066 | 356960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives | 11734 | 13634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contract loans | 900061 | 771468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash, cash equivalents and short-term investments (fair value of $286,545 and $373,052) | 286534 | 373029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cash and invested assets | 14641828 | 16483912 |
| &nbsp;&nbsp;&nbsp;Other |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premiums deferred and uncollected | 107067 | 99049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinsurance receivables | 64473 | 51215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment income due and accrued | 117163 | 126470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal income tax recoverable | 43573 | 57729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net deferred tax asset | 112051 | 122283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate owned life insurance | 586040 | 548492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admitted disallowed IMR | 35447 | 75607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | 37412 | 74007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total admitted assets, excluding separate accounts | 15745054 | 17638764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Separate account assets | 20006808 | 22098831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total admitted assets | $35751862 | $39737595 |

---

The accompanying notes are an integral part of these statutory financial statements.

**American United Life Insurance Company**

**Statutory Statements of Admitted Assets, Liabilities and Surplus, continued**

**December 31, 2025 and 2024**

**(In thousands, except share amounts)**

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| **Liabilities and surplus** |  |  |
| &nbsp;&nbsp;&nbsp;Policy reserves |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Life reserves | $3909356 | $3713686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity reserves | 6843395 | 9702761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accident and health reserves | 218347 | 234972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other reserves | 51393 | 61567 |
|  | 11022491 | 13712986 |
| &nbsp;&nbsp;&nbsp;Policy and contract liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposit-type contracts | 1297515 | 1658259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Policy claims in process of settlement | 70455 | 68863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Policy dividends payable | 41423 | 35339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other policy and contract liabilities | 28968 | 19330 |
|  | 1438361 | 1781791 |
| &nbsp;&nbsp;&nbsp;General liabilities and other reserves |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued commissions and general expenses | 260721 | 270355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes, licenses and fees | 11158 | 7084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset valuation reserve | 206233 | 211978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable for securities lending | 414066 | 356960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Funds held under coinsurance | 1089364 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives | 6083 | 2947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 124809 | 186213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities, excluding separate accounts | 14573286 | 16530314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Separate account liabilities | 20006808 | 22098831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 34580094 | 38629145 |
| &nbsp;&nbsp;&nbsp;Common capital stock, $100 par value, authorized 50,000 shares; issued and outstanding 50,000 shares | 5000 | 5000 |
| &nbsp;&nbsp;&nbsp;Surplus notes | 75000 | 75000 |
| &nbsp;&nbsp;&nbsp;Gross paid in and contributed surplus | 379250 | 369250 |
| &nbsp;&nbsp;&nbsp;Special surplus funds - admitted disallowed IMR | 35447 | 75607 |
| &nbsp;&nbsp;&nbsp;Unassigned surplus | 677071 | 583593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total surplus | 1171768 | 1108450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and surplus | $35751862 | $39737595 |

---

The accompanying notes are an integral part of these statutory financial statements.

**American United Life Insurance Company**

**Statutory Statements of Operations**

**Years Ended December 31, 2025 and 2024**

**(In thousands)**

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| **Premium and other income** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premiums, net of reinsurance | $(22293967) | $5244462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income | 655745 | 742119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization (accretion) of interest maintenance reserve | (6190) | (4661) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ceding commissions, expense allowances and reserve adjustments | 122694 | 66442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income | 65654 | 183139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in modified coinsurance on separate accounts | 15624921 | - |
|  | (5831143) | 6231501 |
| **Benefits and expenses** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefits | 1152832 | 5536792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in policy and contract reserves | (2690496) | 805547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Separate account transfers | (4986647) | (813280) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General expenses | 389313 | 484238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commissions and service fees | 207665 | 212298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes, licenses and fees | 30899 | 36904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other expenses | 7057 | 3249 |
|  | (5889377) | 6265748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) from operations before dividends to policyholders, federal income taxes, and net realized capital gains (losses) | 58234 | (34247) |
| &nbsp;&nbsp;&nbsp;Dividends to policyholders | 44220 | 38368 |
| &nbsp;&nbsp;&nbsp;Federal income tax expense (benefit) | 12068 | (38101) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) from operations before net realized capital gains (losses) | 1946 | (34514) |
| &nbsp;&nbsp;&nbsp;Net realized capital gains (losses), (excluding transfers to the IMR) less capital gains tax of ($14695) and $13,977, excluding taxes transferred to the interest maintenance reserve of ($17942) and ($18039), in 2025 and 2024, respectively | 9208 | (24102) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) | $11154 | $(58616) |

---

The accompanying notes are an integral part of these statutory financial statements.

**American United Life Insurance Company**

**Statutory Statements of Changes in Surplus**

**Years Ended December 31, 2025 and 2024**

**(In thousands)**

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| **Surplus, beginning of year** | $1108450 | $1153916 |
| Net income (loss) | 11154 | (58616) |
| &nbsp;&nbsp;&nbsp;Change in unrealized gains (losses) | (14631) | 9126 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized gains (losses) on foreign exchange | 6843 | 2719 |
| &nbsp;&nbsp;&nbsp;Change in net deferred income tax | (5708) | 20148 |
| &nbsp;&nbsp;&nbsp;Change in asset valuation reserve | 5745 | (7624) |
| &nbsp;&nbsp;&nbsp;Change in nonadmitted assets | 24080 | (14344) |
| &nbsp;&nbsp;&nbsp;Change in surplus as a result of reinsurance | 32515 |  |
| &nbsp;&nbsp;&nbsp;Surplus adjustment paid in | 10000 |  |
| &nbsp;&nbsp;&nbsp;Change in pension asset | (1202) | 3125 |
| &nbsp;&nbsp;&nbsp;Prior period adjustment | (5478) | - |
| **Surplus, end of year** | $1171768 | $1108450 |

---

The accompanying notes are an integral part of these statutory financial statements.

**American United Life Insurance Company**

**Statutory Statements of Cash Flow**

**Years Ended December 31, 2025 and 2024**

**(In thousands)**

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| **Cash from operations** |  |  |
| &nbsp;&nbsp;&nbsp;Premiums and other policy considerations | $1768422 | $5243091 |
| &nbsp;&nbsp;&nbsp;Investment income | 649438 | 754995 |
| &nbsp;&nbsp;&nbsp;Other income | 209312 | 270877 |
|  | 2627172 | 6268963 |
| &nbsp;&nbsp;&nbsp;Benefits and separate account transfers | 1445040 | 4718927 |
| &nbsp;&nbsp;&nbsp;Commissions and general expenses | 361718 | 735892 |
| &nbsp;&nbsp;&nbsp;Federal income taxes including ($32637) and ($4062) for 2025 and 2024, respectively, on capital gains (losses) | (36182) | (21070) |
| &nbsp;&nbsp;&nbsp;Dividends to policyholders | 38122 | 32199 |
|  | 1808698 | 5465948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided (used) from operations | 818474 | 803015 |
| **Cash from investments** |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from investments sold, redeemed or matured |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds | 684715 | 1208047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stocks |  | 10011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans | 183742 | 220243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other invested assets | 60112 | 37615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous proceeds | 34925 | 75745 |
|  | 963494 | 1551661 |
| &nbsp;&nbsp;&nbsp;Cost of investments acquired |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds | 1268857 | 1301355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stocks | 470 | 1712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans | 247576 | 346683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | 5351 | 6706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other invested assets | 116964 | 103247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous applications | 121483 | 43333 |
|  | 1760701 | 1803036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in contract loans | 128593 | 117560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided (used) from investments | (925800) | (368935) |
| **Cash from financing and miscellaneous sources** |  |  |
| &nbsp;&nbsp;&nbsp;Paid in surplus | 10000 |  |
| &nbsp;&nbsp;&nbsp;Net deposits on deposit-type contracts | (48104) | (209280) |
| &nbsp;&nbsp;&nbsp;Other sources (uses) | 58935 | 26710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided (used) from financing and miscellaneous sources | 20831 | (182570) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net change in cash | (86495) | 251510 |
| Cash and cash equivalents, beginning of year | 373029 | 121519 |
| Cash and cash equivalents, end of year | $286534 | $373029 |
| Supplemental disclosures for non-cash transactions: |  |  |
| &nbsp;&nbsp;&nbsp;Capitalized interest | $6731 | $6526 |
| &nbsp;&nbsp;&nbsp;Transfers of invested assets under coinsurance ceded agreement, net of IMR | 2543467 |  |

---

The accompanying notes are an integral part of these statutory financial statements.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

**1.** Nature
 of Operations

American United Life Insurance Company ("AUL" or the "Company") is an Indiana-domiciled stock life insurance company founded in 1877 with headquarters in Indianapolis. It is currently licensed to sell life insurance in 49 states and the District of Columbia. AUL is additionally authorized as a reinsurer in all states. AUL offers individual life and annuity products, group retirement plans, tax deferred annuities and other non-medical group products marketed through a diversified distribution system including career agents, independent producers, financial institutions, broker dealers and third-party administrators. Forty-six percent of AUL's direct premiums for the year ended December 31, 2025 were generated in six states: California, Texas, Indiana, Florida, Pennsylvania and Illinois.

In December 2000, AUL reorganized and formed a mutual insurance holding company, American United Mutual Insurance Holding Co. ("AUMIHC"), and an intermediate stock holding company, OneAmerica Financial Partners, Inc. ("OneAmerica"). As part of the reorganization, AUL converted from a mutual to a stock insurance company.

All outstanding shares of AUL stock are held by AUMIHC through OneAmerica. AUMIHC will at all times, in accordance with the Indiana Mutual Holding Company Law, indirectly control a majority of the voting shares of the capital stock of AUL. Policyholder membership rights exist at AUMIHC while the policyholder contract rights remain with AUL.

**2.** Significant
 Accounting Policies

**Basis of Presentation**

The Company prepares its statutory financial statements in conformity with accounting practices prescribed or permitted by the State of Indiana. The State of Indiana requires insurance companies domiciled in the State of Indiana to prepare their statutory basis financial statements in accordance with the National Association of Insurance Commissioners' ("NAIC") *Accounting Practices and Procedures* manual ("NAIC SAP") subject to any deviations prescribed or permitted by the State of Indiana Insurance Commissioner.

In 2018, the Insurance Commissioner of Indiana provided the Company approval for a permitted practice regarding the calculation of the reserve credit related to a reinsurance transaction. This permitted practice allows the company to calculate the reserve credit for Pension Risk Transfer longevity risk treaties using a net premium reserve approach similar to that used for life insurance products. This practice differs from NAIC statutory accounting practices and procedures. A reconciliation of the Company's net income and surplus for 2025 and 2024 between NAIC SAP and practices permitted by the State of Indiana follows:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Audited statutory net income (loss), Indiana state basis | $11154 | $(58616) |
| State permitted practice |  |  |
| &nbsp;&nbsp;&nbsp;Difference in the accounting and reporting for reserve values on PRT plans 51R | (9034) | (17429) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statutory net income (loss), NAIC SAP | $20188 | $(41187) |
| Audited statutory surplus, Indiana state basis | $1171768 | $1108450 |
| State permitted practice |  |  |
| &nbsp;&nbsp;&nbsp;Difference in the accounting and reporting for reserve values on PRT plans 51R | (8526) | 508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statutory surplus, NAIC SAP | $1180294 | $1107942 |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

NAIC SAP varies in some respects from accounting principles generally accepted in the United States of America ("GAAP"). These differences are presumed to be material. The most significant of the variances are as follows:

● Premiums from annuities with mortality benefits, universal life policies and deposit administration contracts are reflected in income for NAIC SAP rather than being treated as deposits to insurance liabilities. Acquisition costs, such as commissions and other costs in connection with successfully acquiring new and renewal business are reflected in current operations when incurred for NAIC SAP, rather than being amortized over the life of the policy.

● Aggregate reserves for life policies and annuity contracts are based on statutory mortality, morbidity, and interest assumptions without consideration for lapses or withdrawals. Deferred premiums are carried as an asset, rather than a component of reserves.

● An asset valuation reserve ("AVR") and an interest maintenance reserve ("IMR") are recorded in accordance with prescribed statutory accounting requirements. The AVR is a reserve designed to reduce the impact on surplus for fluctuations in the fair value of all invested assets by providing an investment reserve for potential future losses on invested assets. The IMR, reduced by federal income taxes, defers the recognition of net gains/losses realized on the sale of bonds resulting from changes in interest rates. Such net gains/losses will be amortized to income over the remaining lives of the assets sold. AVR and IMR are not calculated under GAAP.

● Investments in bonds, regardless of whether they are considered available for sale, are carried at values prescribed by the NAIC and are generally stated at amortized cost rather than at fair value.

● Certain assets designated as "nonadmitted assets" are excluded from the statutory statement of assets, liabilities, and surplus by a direct charge to unassigned surplus.

● Derivatives are reported as an unrealized gain (loss) in surplus under NAIC SAP, but as a realized gain (loss) under GAAP.

● The Company recognizes deferred tax assets and liabilities with certain limitations. The change in deferred taxes is reported as a change in surplus. Under GAAP, the change is recorded as a component of net income. In addition, the methodology used to determine the portion of the deferred tax asset that is to be nonadmitted under NAIC SAP differs from the determination of the valuation adjustment under GAAP.

● Subsidiaries are accounted for using the equity method rather than being consolidated. Equity in the insurance subsidiaries' surplus is based on the subsidiaries' statutory amounts rather than GAAP amounts.

● Surplus notes are reflected as a separate component of surplus rather than as a liability. The surplus note interest expense is recorded as a reduction of net investment income rather than operating expense and interest is not recorded until approved.

● The deferred gain from a significant reinsurance transaction (Note 3) is included as a component of surplus rather than as a liability (deferred gain).

● Policy reserves and policy and contract claim liabilities are reported net of reinsurance ceded amounts. For GAAP, assets and liabilities related to reinsurance ceded contracts are reported on a gross basis.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

● The statutory statements of cash flow do not include a reconciliation of net income to net cash provided by operating activities.

**Correction of Error**

In 2025, the Company identified an overstated receivable during a review of receivables, payables and suspense. As a result, 2024 total surplus and current federal income tax were both overstated by $1.4 million. The overstated receivable of $6.9 million within other assets was fully non-admitted at December 31, 2024, thus the write-down of the receivable did not impact net surplus, however the tax impact of the write down did impact surplus for $1.4 million. This was corrected directly through surplus in 2025.

**Investments**

Effective January 1, 2025, the Company adopted revisions to the NAIC SAP related to the Principles-Based Bond Definition ("PBBD") project, which revised the definition, classification, accounting, and reporting of bond investments. The revised guidance primarily affects Statement of Statutory Accounting Principles ("SSAP") No. 26 – *Bonds*, SSAP No. 43 - *Asset-Backed Securities*, and SSAP No. 21 – *Other Admitted Assets,* and requires the classification of debt securities based on a principles-based assessment of whether the instrument represents a creditor relationship and qualifies as either an Issuer Credit Obligation ("ICO") or an Asset-Backed Security ("ABS").

Upon adoption, the Company evaluated its investment portfolio under the revised guidance for potential reclassification of certain investments previously reported as bonds to other invested asset categories. However, all bond investments held by the Company and previously reported on Schedule D remained eligible for Schedule D reporting under the new bond definition. The adoption of this guidance did not result in a cumulative effect adjustment to surplus as of January 1, 2025.

Bonds are valued in accordance with rules prescribed by the NAIC SAP, whereby bonds eligible for amortization under such rules are generally stated at amortized cost. The Company holds fixed income ETFs that are classified as SVO-identified securities using the systematic value approach. The Company uses the scientific method for amortizing debt securities. Preferred stocks are carried at cost, except those not in good standing, which are carried at lower of cost or fair value. Unaffiliated common stocks are carried at fair value. Affiliated common stocks of noninsurance affiliates are carried at audited GAAP equity.

Mortgage loans on real estate are carried at amortized cost, less an impairment allowance for estimated uncollectible amounts. The gains and losses from the sale of loans, which are recognized when the Company relinquishes control over the loans, as well as changes in the allowance for loan losses, are reported in "Net realized capital gains (losses)." The allowance for loan losses is based upon an evaluation of certain loans under review and reflects an estimate based on various methodologies, including discounted cash flows, of the amount of the loan that will not be collected according to the terms of the loan agreement.

Prepayment assumptions for mortgage-backed securities are obtained from BlackRock prepayment models. The Company uses a third-party in determining the fair value of its asset-backed securities. The Company had no negative yield situations requiring a change from the retrospective to the prospective methodology.

Real estate occupied by the Company is carried at cost less accumulated depreciation; depreciation is provided over the estimated useful lives of the related assets using the straight-line method. Investment real estate is carried at the lower of cost or fair value.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Short-term investments include investments with maturities of one year or less at the time of acquisition and are carried at amortized cost, which approximates fair value. Short-term financial instruments with durations less than three months are considered to be cash equivalents.

Contract loans are carried at the aggregate of unpaid principal balances, not to exceed the cash surrender value of the related policies.

Other invested assets, including surplus notes and certain other holdings, are carried at amortized cost. The Company's ownership in joint ventures, partnerships and limited liability companies are carried at the underlying GAAP equity of the investee. Residual tranche investments are reported at the lower of amortized cost or market with income recognized using the Allowable Earned Yield method as prescribed by SSAP No. 21 – *Other Admitted Assets.*

The Company participates in securities lending programs whereby marketable securities in its investment portfolio are transferred to independent brokers or dealers in exchange for cash collateral.

The Company recognizes collateral as an asset, which is reported as "Securities lending reinvested collateral" at amortized cost on the balance sheet with a corresponding liability for the obligation to return the collateral to the borrower, which is reported as "Payable for securities lending." The collateral level is set at 102% of the value of loaned securities.

The Company is the owner and beneficiary of life insurance policies included in the corporate owned life insurance at their cash surrender values. At December 31, 2025, the cash surrender value in an investment vehicle is $586.0 million and is allocated into the following categories based on primary underlying investment characteristics: 11% bonds, 26% stocks, 2% mortgage loans, 0% cash and short-term investments, and 61% other invested assets.

Realized gains and losses on the sale of investments are determined on the basis of specific identification. Unrealized gains and losses on unaffiliated common stock and other invested assets are reported as a component of surplus. The Company's accounting policy requires that a decline in the value of a security below its amortized cost basis be assessed to determine if the decline is other-than-temporary. If so, the security is deemed to be impaired and a charge is recorded in net realized capital losses equal to the difference between the fair value and amortized cost basis of the security. The fair value of the impaired investment becomes its new cost basis.

An other-than-temporary impairment is considered to have occurred if it is probable that the Company will be unable to collect all amounts due according to the contractual terms of a debt security in effect at the date of acquisition. A decline in fair value which is other-than-temporary includes situations where the Company has made a decision to sell a security prior to its maturity at an amount below its carrying value. If it is determined that a decline in the fair value of a bond is other-than-temporary, an impairment loss shall be recognized as a realized loss equal to the entire difference between the bond's carrying value and its fair value at the balance sheet date of the reporting period for which the assessment is made. The accounting for the entire amount of realized capital loss is recorded in accordance with SSAP No. 7 – Asset Valuation Reserve and Interest Maintenance Reserve. Credit related other-than-temporary impairment losses shall be recorded through AVR; interest related other-than-temporary impairment losses are recorded through the IMR.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Valuation adjustments for other-than-temporary impairments of asset-backed and structured securities are based on fair value only if the Company intends to sell or cannot assert the intent and ability to hold the investment until its anticipated recovery. However, if the Company can assert the intent and ability to hold the investment until its anticipated recovery, the valuation adjustment is based on the discounted expected future cash flows of the security.

**Property and Equipment**

Property and equipment is carried at cost, net of accumulated depreciation of $207.7 million and $157.1 million as of December 31, 2025 and 2024, respectively. The Company provides for depreciation of property and equipment using the straight-line method over its estimated useful life and is generally depreciated over three to ten years. Depreciation expense for 2025 and 2024 was $39.4 million and $29.9 million, respectively.

**Separate Accounts**

The assets of the separate accounts shown in the statement of admitted assets, liabilities and surplus are based on fair value. These represent funds which are segregated and maintained for the benefit of separate account contract-holders primarily for variable life and annuity contracts.

**Premiums Deferred and Uncollected**

Premiums deferred and uncollected represent annual or fractional premiums that are due and uncollected or not yet due, where policy reserves have been provided on the assumption that the full premium for the current policy year has been collected.

**Admitted Disallowed IMR**

In August 2023, the NAIC adopted INT 23-01 which permitted insurers to admit negative IMR, or disallowed IMR, up to 10% of adjusted capital and surplus. The Company has had no allocated gains/losses to IMR as a result of derivative transactions. The below relates to the general account as of December 31, 2025. The Company has also admitted a net negative (disallowed) IMR balance of $0.3 million related to its separate accounts.

---

| | |
|:---|:---|
| Net negative (disallowed) IMR | $35447.0 |
| Admitted disallowed IMR | 35447.0 |
| Adjusted capital and surplus per INT 23-01, paragraph 9.a. | 1045535.0 |
| Admitted disallowed IMR % of adjusted capital and surplus: | 3.4% |

---

The fixed income investments generating IMR losses comply with the Company's documented investment and asset-liability management policies. The transactions resulting in the IMR losses were not compelled by liquidity pressures and was a prudent strategy to improve investment yield, quality, and duration matching.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

**Policy Reserves**

Life reserves are based on statutory mortality tables using assumed interest rates ranging from 2.25 percent to 6.00 percent. The mortality tables used for the majority of life policies are the 1941, 1958, 1980, 2001 Commissioners Standard Ordinary ("CSO") and 2017 CSO prescribed by the NAIC. Reserves for annuities and deposit administration contracts are computed on the basis of interest rates ranging from 2.00 percent to 11.25 percent.

The aggregate reserves established for life, health, and annuity policies, primarily developed by actuarial methods, generally are equal to or exceed the minimum valuation required by law and/or guaranteed policy cash values.

**Premium Income and Related Benefits and Expenses**

Premiums, net of reinsurance, on traditional life, interest-sensitive life, and annuity policies with mortality benefits are recognized as income on the policy anniversary dates or when received. Premiums on accident and health policies are recognized as income over the terms of the policies. Costs of acquiring new and renewal business are expensed when incurred and credit is not taken, other than by statutory reserve modification methods applicable to some policies, for the expectation that such costs will be recovered from future premium income.

The liability for policy dividends payable in the following year is estimated based on approved dividends scales and is charged to current operations. The Board of Directors approve the dividend scale.

**Investment Income**

Investment income is recognized as earned, net of related investment expenses.

**Leasing Arrangements**

The Company leases office space and equipment under various non-cancelable operating leases. Rent expense was $1.3 million and $1.7 million for the years ended December 31, 2025 and 2024, respectively. Future lease commitments are as follows: 2026, $0.8 million; 2027, $0.8 million; 2028, $0.6 million; 2029, $0.1 million; 2030 and thereafter, $0.0 million.

**Federal Income Taxes**

Current income taxes incurred are charged to the statements of operations based on estimates for the current year. AUL files a federal consolidated income tax return with AUMIHC, OneAmerica, OneAmerica Securities, Inc., OneAmerica Securities Insurance Agency Inc., AUL Equity Sales Insurance Agency, Inc., Pioneer Mutual Life Insurance Company, The State Life Insurance Company, New Ohio LLC, McCready & Keene, Inc. (sold in April 2025), and OneAmerica Retirement Services, LLC (sold in January 2025). Pursuant to intercompany tax-sharing agreements with OneAmerica, as approved by the Board of Directors, the companies provide for income tax on a separate return filing basis with current credit for losses and tax credits.

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Gross deferred tax assets and liabilities are measured using enacted tax rates and are considered for admitted asset status according to the admissibility tests as set forth by the NAIC. Changes in deferred tax assets and deferred tax liabilities, including changes attributable to changes in tax rates, are recognized as a component of surplus.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Tax loss contingencies are recognized, measured, presented, and disclosed in the financial statements in accordance with SSAP No. 5R, *Liabilities, Contingencies, and Impairments of Assets*. Interest and penalties, if any, related to tax contingencies are recognized as a component of the income tax expense. As of December 31, 2025 and 2024, the Company did not record any liability for tax contingencies. Refer to Note 10 – *Federal Income Taxes* for additional detail.

**Reinsurance Receivables**

Insurance liabilities are reported after the effects of ceded reinsurance. Reinsurance receivables represent amounts due from reinsurers for paid benefits and expense reimbursements.

**Derivatives**

The Company uses derivatives, including option and swap contracts, to manage interest rate and currency risk associated with changes in the estimated fair values of the Company's assets and liabilities. The Company also uses derivatives, including credit default swap indexes, to hedge credit spread risk on uninvested cash. Other than its foreign exchange swaps, management has elected not to apply hedge accounting for its derivative positions, but these instruments do provide an assumed economic hedge against certain anticipated transactions.

Authoritative guidance requires derivative instruments used in economic hedging transactions to be marked-to-market and recognized at fair value on the Statutory Statements of Admitted Assets, Liabilities, and Surplus, with changes in fair value reported in unassigned surplus as unrealized gains or losses. At the time the contracts expire or are terminated, any gain or loss is reported as a capital gain or loss in the Statutory Statement of Operations and are reduced by amounts transferred to the Interest Maintenance Reserve ("IMR"). Foreign currency swaps which qualify as cash flow hedges are carried at the cumulative unrealized gain/loss on the contract, with current period translation adjustments reflected as unrealized gains/losses through unassigned surplus. The Company does not offset the fair value amounts recognized for derivatives executed with the same counterparty under the same master netting agreement. The cash collateral is included in Cash and cash equivalents and the obligation to return it is included in Other liabilities. Refer to Note 4-*Investments* for additional information.

**Estimates**

The preparation of the statutory financial statements in conformity with accounting practices prescribed or permitted by the Insurance Department of Indiana (IDOI) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

**3.** Affiliations,
 Acquisitions, Dispositions and Other Significant Transactions

The State Life Insurance Company (State Life) became a subsidiary of AUMIHC in December 2004, as a wholly owned subsidiary of OneAmerica. AUL and State Life had an affiliation agreement from 1994 until the date of the reorganization. The policyholders of State Life became members of AUMIHC upon completion of State Life's reorganization from a mutual enterprise into a stock insurance company in 2004; however, their contractual rights continue to be with State Life.

In January 2002, Pioneer Mutual Life Insurance Company (PML) joined AUMIHC as a wholly-owned stock insurance company subsidiary of OneAmerica. The policyholders of PML became members of AUMIHC upon completion of PML's reorganization from a mutual enterprise into a stock insurance company in 2002; however, their contractual rights continue to be with PML.

The Company guarantees the insurance liabilities of State Life and PML in the event either company becomes unable to honor such insurance liabilities. As of December 31, 2025, AUL has not recorded any liabilities relating to this guarantee. At December 31, 2025, statutory surplus was $675.8 million and $61.4 million for State Life and PML, respectively.

AUL provides administrative and management services to State Life under an administrative agreement. Fees earned during 2025 and 2024 for such services were $130.0 million and $128.9 million, respectively. Prior to the reinsurance transaction in 2021, AUL provided administrative services to PML.

In July 2002, the Company's Reinsurance operations, including its life, long-term care, and international reinsurance business were sold to Employers Reinsurance Corporation (ERC), a subsidiary of General Electric Company (GE), through 100% indemnity reinsurance transactions. ERC was subsequently sold by GE. ERC's retrocessions were all novated to Employers Reassurance Corporation (ERAC), another subsidiary of GE. The liabilities and obligations associated with the reinsured contracts remain on the consolidated balance sheet of the company with a corresponding reinsurance receivable from ERAC. A trust account has been established which provides for securities to be held in support of a portion of the reinsurance receivables. The fair value of investments held in this trust was $1,883.4 million and $1,741.3 million at December 31, 2025 and 2024, respectively. Additionally, GE has a capital maintenance agreement with ERAC to maintain ERAC's capital over time at no less than 300% of the Authorized Control Level of the NAIC. Effective for year-end 2017, GE announced a statutory reserve strengthening in ERAC which ultimately may trigger the need for GE to honor the capital maintenance agreement. However, instead of making an immediate contribution, ERAC received a permitted practice from the Kansas Insurance Department to gradually fund the reserve strengthening over a period of seven years. As of the balance sheet date, ERAC has made all seven contributions agreed to in the permitted practice. There also is a claims payment guarantee from Westport Life Insurance Company (formerly ERC) with respect to the business AUL ceded to ERAC as well as other business reinsured by Westport Life while it was owned by GE Capital. The potential aggregate amount of liabilities, under the guarantee, of Westport Life is higher than its capital and surplus.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The Company has two subsidiaries, OneAmerica Securities, Inc. (OAS) and AUL Reinsurance Management Services, LLC (RMS) which it provides administrative and management services.

The Company earned fees of $1.0 million in both 2025 and 2024 from OAS. OAS provided certain administrative services to AUL for fees of $1.6 million in both 2025 and 2024. The Company made no capital contribution to OAS in 2024 or 2025. The Company received dividends of $7.0 million from OAS in 2025 and no dividends in 2024.

The Company earned fees of $0.2 million and $0.8 million in 2025 and 2024, respectively, from the McCready & Keane Inc. management services agreement. During April 2025 McCready and Keane Inc. was sold.

The Company earned fees of $0.0 million and $0.1 million in 2025 and 2024, respectively, from RMS. The Company made no noncash capital contributions to RMS in 2025 or 2024. During 2025 and 2024, the Company recognized a realized impairment loss of $0.7 million and $0.8 million, respectively, on its investment in RMS.

During 2024, the Company provided administrative and management services to an affiliate, OneAmerica Retirement Services, (OARS) of $9.2 million. Effective January 1, 2025, OneAmerica sold OARS to Voya Financial as a part of the transaction described in Note 11.

OneAmerica Asset Management (OAM), LLC, a limited liability company domiciled in Indiana, is the registered investment advisor for the Company. The Company provides administrative and management services to OAM and the fees earned for these services were $21.4 million and $11.2 million in 2025 and 2024, respectively. OAM also provides investment management services to AUL and fees for this service were $18.1 million and $15.7 million in 2025 and 2024, respectively.

Intercompany services are settled monthly.

**4.** Investments

Revisions to SSAP No. 26 – *Bonds*, and SSAP No. 43 – *Asset-Backed Securities* adopted August 2023, to incorporate the Principles Based Bond Definition ("PBBD") concepts were effective January 1, 2025. Bonds reported in the accompanying statutory financial statements are classified in accordance with the revised PBBD included in SSAP No. 26 – *Bonds*. Under this guidance, qualifying debt securities are classified as either Issuer Credit Obligations or Asset-Backed Securities based on an evaluation of the substance of the creditor relationship, the primary source of repayment, and substantive credit enhancements and meaningful cash flows, if applicable. The Company's evaluation of its investment portfolio under the revised bond definition did not result in material changes to the classification of invested assets.

The transition guidance is to be applied prospectively beginning with the first year of adoption. The following disclosures have been modified to conform to the new bond categories and sub-categories as prescribed by the NAIC. For disclosures that provide comparative information, the prior year information is not restated.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The admitted values and estimated fair values of investments in bonds at December 31 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **Unrealized** | **Unrealized** | |
| **2025** |<br>**Admitted** | **Gains** | **Losses** | **Estimated**<br>**Fair**<br>**Value** |
| **Issuer credit obligations (unaffiliated)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;U.S. government obligations | $3903 | $11 | $- | $3914 |
| &nbsp;&nbsp;&nbsp;Non-U.S. sovereign jurisdiction securities | 110693 | 332 | 16334 | 94691 |
| &nbsp;&nbsp;&nbsp;Municipal bonds - general obligations | 143610 | 1590 | 26897 | 118303 |
| &nbsp;&nbsp;&nbsp;Municipal bonds - special revenue | 80956 | 485 | 13792 | 67649 |
| &nbsp;&nbsp;&nbsp;Corporate bonds | 6628948 | 77904 | 694999 | 6011853 |
| &nbsp;&nbsp;&nbsp;Single entity backed obligations | 254388 | 2008 | 40775 | 215621 |
| &nbsp;&nbsp;&nbsp;Bonds issued by funds representing operating entities | 190281 | 103 | 14402 | 175982 |
| &nbsp;&nbsp;&nbsp;Bank loans - acquired | 174709 | 527 | 2553 | 172683 |
| &nbsp;&nbsp;&nbsp;Other issuer credit obligations | 63656 | 1960 | 623 | 64993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total issuer credit obligations | $7651144 | $84920 | $810375 | $6925689 |
| **Asset-backed securities (unaffiliated)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Financial asset-backed securities – *self-liquidating* |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Agency residential mortgage-backed securities | $962106 | $21150 | $16756 | $966500 |
| &nbsp;&nbsp;&nbsp; Agency commercial mortgage-backed securities | 276479 | 411 | 33053 | 243837 |
| &nbsp;&nbsp;&nbsp; Non-agency residential mortgage-backed securities | 103148 | 693 | 4390 | 99451 |
| &nbsp;&nbsp;&nbsp; Non-agency commercial mortgage-backed securities | 10501 |  | 572 | 9929 |
| &nbsp;&nbsp;&nbsp; Non-agency – CLOs/CBOs/CDOs | 887889 | 1928 | 4772 | 885045 |
| &nbsp;&nbsp;&nbsp; Other financial asset-backed securities | 348588 | 1720 | 17012 | 333296 |
| &nbsp;&nbsp;&nbsp;Non-financial asset-backed securities – practical expedient |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lease-backed securities | 14032 | 40 | 430 | 13642 |
| &nbsp;&nbsp;&nbsp;Non-financial asset-backed securities – full analysis |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lease-backed securities | 66900 | 171 | 5534 | 61537 |
| &nbsp;&nbsp;&nbsp; Other non-financial asset-backed securities | 67160 | 428 | 3407 | 64181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total asset-backed securities | $2736803 | $26541 | $85926 | $2677418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total bonds | $10387947 | $111461 | $896301 | $9603107 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **Unrealized** | **Unrealized** | |
| **2024** |<br>**Admitted**<br>**Value** | **Gains** | **Losses** | **Estimated**<br>**Fair**<br>**Value** |
| U.S. government bonds | $928888 | $2901 | $56580 | $875209 |
| All other government bonds | 128006 | 75 | 22474 | 105607 |
| Special revenue and special assessment | 617990 | 2062 | 38124 | 581928 |
| Hybrid bonds | 45452 | 4934 | 555 | 49831 |
| Industrial and miscellaneous | 9828734 | 66613 | 994945 | 8900402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total bonds | $11549070 | $76585 | $1112678 | $10512977 |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The Company's investment in bonds aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31 are as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Less than** | **Less than** | **12 Months** | **12 Months** |  |  |
| | **12 Months** | **12 Months** | **or More** | **or More** | **Total** | **Total** |
| <br>&nbsp;&nbsp;&nbsp;**2025** | **Fair**<br>**Value** | **Unrealized**<br>**Losses** | **Fair**<br>**Value** | **Unrealized**<br>**Losses** | **Fair**<br>**Value** | **Unrealized**<br>**Losses** |
| &nbsp;&nbsp;&nbsp;**Issuer credit obligations (unaffiliated)** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. sovereign jurisdiction securities | $2289 | $41 | $80075 | $16293 | $82364 | $16334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal bonds - general obligations |  |  | 89887 | 26897 | 89887 | 26897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal bonds - special revenue | 1922 | 17 | 57419 | 13775 | 59341 | 13792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | 428785 | 6579 | 4034871 | 688420 | 4463656 | 694999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Single entity backed obligations | 17031 | 241 | 145531 | 40534 | 162562 | 40775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds issued by funds representing operating entities |  |  | 160879 | 14402 | 160879 | 14402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank loans - acquired | 33130 | 451 | 39315 | 2102 | 72445 | 2553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other issuer credit obligations | - | - | 12377 | 623 | 12377 | 623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total issuer credit obligations | 483157 | 7329 | 4620354 | 803046 | 5103511 | 810375 |
| &nbsp;&nbsp;&nbsp;**Asset-backed securities (unaffiliated)** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial asset-backed securities – *self-liquidating* |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agency residential mortgage-backed Securities | $44884 | $325 | $234296 | $16431 | $279180 | $16756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agency commercial mortgage-backed securities | 24918 | 309 | 200669 | 32744 | 225587 | 33053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-agency residential mortgage-backed securities | 9582 | 64 | 52771 | 4326 | 62353 | 4390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-agency commercial mortgage-backed securities |  |  | 9928 | 572 | 9928 | 572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-agency – CLOs/CBOs/CDOs | 54418 | 292 | 106694 | 4480 | 161112 | 4772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial asset-backed securities | 17162 | 1108 | 187005 | 15904 | 204167 | 17012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial asset-backed securities – practical expedient |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease-backed securities |  |  | 9443 | 430 | 9443 | 430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial asset-backed securities – full analysis |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease-backed securities |  |  | 56813 | 5534 | 56813 | 5534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-financial asset-backed securities | 10484 | 16 | 35954 | 3391 | 46438 | 3407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total asset-backed securities | 161448 | 2114 | 893573 | 83812 | 1055021 | 85926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total bonds | $644605 | $9443 | $5513927 | $886858 | $6158532 | $896301 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Less than** | **Less than** | **12 Months** | **12 Months** | | |
|  | **12 Months** | **12 Months** | **or More** | **or More** | **Total** | **Total** |
| **2024** | **Fair** | **Unrealized** | **Fair** | **Unrealized** | **Fair** | **Unrealized** |
| **Description of Securities** | **Value** | **Losses** | **Value** | **Losses** | **Value** | **Losses** |
| U.S. government bonds | $379290 | $17663 | $201281 | $38917 | $580571 | $56580 |
| All other government bonds | 8605 | 184 | 83606 | 22290 | 6803 | 22474 |
| Special revenue and assessment | 175398 | 5007 | 219785 | 33117 | 75910 | 38124 |
| Hybrid bonds |  |  | 2833 | 555 | 2430793 | 555 |
| Industrial and miscellaneous | 1025495 | 36260 | 4783200 | 958685 | 5808695 | 994945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total bonds | $1588788 | $59114 | $5290705 | $1053564 | $8902772 | $1112678 |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

In evaluating whether a decline in value is other-than-temporary, management considers several factors including, but not limited to; 1) the Company's ability and intent to retain the security for a sufficient amount of time to recover, 2) the extent and duration of the decline in value, 3) the probability of collecting all cash flows according to contractual terms in effect at acquisition or restructuring, 4) relevant industry conditions and trends, and 5) the financial condition and current and future business prospects of the issuer. In 2025, the Company reported $10.7 million of bond impairments related to other-than-temporary declines in fair value, of which $9.5 million was within coinsurance funds withheld investments and ceded to the reinsurer, for a net impact of $1.2 million. In 2024, the Company reported $78.5 million of bond impairments related to the intent to sell as a part of the Voya transaction described in Note 11. The impairment amounts were reported as realized losses and the ceded amounts were reported within other expenses, as required by statutory accounting principles. The book value of the impaired bonds was $20.6 million and $1,186.8 million at the time of the write-downs in 2025 and 2024, respectively.

The admitted value and estimated fair value of bonds at December 31, 2025, by stated contractual maturity, are shown below. Because most mortgage-backed securities provide for periodic payments throughout their lives, they are listed below in a separate category.

---

| | | |
|:---|:---|:---|
|  |<br>**Admitted**<br>**Value** | **Estimated**<br>**Fair**<br>**Value** |
| **Issuer credit obligations** |  |  |
| &nbsp;&nbsp;&nbsp;Due in one year or less | $269059 | $266703 |
| &nbsp;&nbsp;&nbsp;Due after one year through five years | 979735 | 946287 |
| &nbsp;&nbsp;&nbsp;Due after five years through ten years | 1064350 | 1006460 |
| &nbsp;&nbsp;&nbsp;Due after ten years through twenty years | 2601289 | 2348091 |
| &nbsp;&nbsp;&nbsp;Due after twenty years | 2736711 | 2358148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total issuer credit obligations | 7651144 | 6925689 |
| **Asset-backed securities** |  |  |
| &nbsp;&nbsp;&nbsp;Due in one year or less | $296096 | $293910 |
| &nbsp;&nbsp;&nbsp;Due after one year through five years | 649547 | 639785 |
| &nbsp;&nbsp;&nbsp;Due after five years through ten years | 974297 | 957244 |
| &nbsp;&nbsp;&nbsp;Due after ten years through twenty years | 615026 | 592384 |
| &nbsp;&nbsp;&nbsp;Due after twenty years | 201837 | 194094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total asset-backed securities | 2736803 | 2677417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total bonds | $10387947 | $9603106 |

---

Proceeds from sales of investments in bonds during 2025 and 2024 were $1,688.7 million and $270.9 million, respectively. Gross gains of $20.1 million and $0.4 million and gross losses of $4.5 million and $10.3 million were realized on those disposals in 2025 and 2024, respectively.

Securities sold, redeemed, liquidated, or otherwise disposed as a result of a callable feature included 6 CUSIPS with a total of $0.4 million of investment income generated.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Asset-backed securities owned at December 31, 2025 with a fair value lower than amortized cost for which an other-than-temporary impairment has not been recognized in earnings as a realized loss are summarized below by length of time the securities have been in a continuous unrealized loss position.

---

| | | |
|:---|:---|:---|
| The aggregate amount of unrealized losses: |  |  |
|  | Less than 12 months | $2114.0 |
|  | 12 months or longer | $83813.0 |
| The aggregate related fair value of securities with unrealized losses: |  |  |
|  | Less than 12 months | $161448.0 |
|  | 12 months or longer | $893573.0 |

---

Total capital gains (losses) of ($85.4) million and ($85.9) million before tax were transferred to IMR in 2025 and 2024, respectively.

At December 31, 2025 and 2024, the common stock unrealized appreciation of $6.3 million and $9.0 million, respectively, is comprised of $7.9 million and $9.3 million of unrealized gains, respectively, and $1.6 million and $0.3 million of unrealized losses, respectively, and has been reflected directly in surplus. In 2025 and 2024, the Company did not have any stock impairments related to other-than-temporary declines in fair values.

Net investment income consists of the following:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Interest | $613399 | $695973 |
| Dividends | 14200 | 7981 |
| Rental income | 16491 | 18292 |
| Other | 56165 | 59250 |
| &nbsp;&nbsp;&nbsp;Gross investment income | 700255 | 781496 |
| Less investment expenses | 44510 | 39377 |
| Net investment income | $655745 | $742119 |

---

Net investment income includes $6.7 million and $6.5 million of capitalized interest on bonds which is a non-cash transaction at December 31, 2025 and 2024, respectively.

The gross, nonadmitted, and admitted amounts for interest income due and accrued.

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Interest income due and accrued |  |  |
| &nbsp;&nbsp;&nbsp;Gross | $117163 | $126470 |
| &nbsp;&nbsp;&nbsp;Nonadmitted | - | - |
| &nbsp;&nbsp;&nbsp;Admitted | $117163 | $126470 |

---

At December 31, 2025 and 2024, investments in bonds with an admitted asset value of $3.9 million and $3.8 million, respectively, were on deposit with state insurance departments to satisfy regulatory requirements.

AUL had outstanding private placement commitments of $36.9 million and $56.3 million at December 31, 2025 and 2024, respectively. AUL had $414.4 million and $357.6 million outstanding commitments on its other invested assets portfolio as of December 31, 2025 and 2024, respectively.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Effective January 1, 2025, the Company elected to apply the Allowable Earned Yield method to all residual tranche investments in accordance with SSAP No. 21 – *Other Admitted Assets*, as revised by the PBBD. For residual tranche investments previously accounted for under the equity method, the Company recognized $4.5 million of unrealized gains as of December 31, 2024 on these positions as realized, with the $31.7 million carrying value at that date establishing the January 1, 2025 cost basis for subsequent measurement, as prescribed by the transition guidance for residual tranches in SSAP No. 21.

AUL did not hold any structured notes at December 31, 2025 or 2024.

Reported values for subsidiary controlled and affiliated investments:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Gross <br> Asset** | **Nonadmitted<br> Amount** | **Admitted<br> Asset** | **Date of<br> Filing to <br> NAIC** | **Type of<br> Filing** | **NAIC<br> Response<br> Received<br> (Y/N)** | **NAIC<br> Valuation<br> Amount** | **NAIC <br> Disallowed<br> Entity's<br> Valuation<br> Method,<br> Resubmission<br> Required<br> (Y/N)** |
| RMS | $- | $- | $- | &nbsp;&nbsp;N/A | N/A | &nbsp;&nbsp;N/A | N/A | N/A |
| OAS | 9264 |  | 9264 | &nbsp;&nbsp;6/21/2024 | Sub-2 | &nbsp;&nbsp;Y | 6832 | N |
| MRO-A | 1773 | 1773 | - | &nbsp;&nbsp; N/A | N/A | &nbsp;&nbsp;N/A | N/A | N/A |
| Total | $11037 | $1773 | $9264 |  |  |  |  |  |

---

No filing with the NAIC is required as MRO-A and RMS are not stock investments.

**Mortgage Loans**

AUL maintains a diversified mortgage loan portfolio and exercises internal limits on concentrations of loans by geographic area, industry, use and individual mortgagor. At December 31, 2025, the largest geographic concentration of commercial mortgage loans was in the West, where approximately 32 percent of the portfolio was invested.

The Company's mortgage loan portfolio is comprised of the following property types at December 31:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2024** | **2024** |
|  | **Amount** | **% of Total** | **Amount** | **% of Total** |
| Apartments | $309571 | 17.6% | $561539 | 22.0% |
| Industrial/warehouse | 686020 | 39.2% | 797157 | 31.2% |
| Medical office | 4618 | 0.3% | 30907 | 1.2% |
| Office | 251310 | 14.4% | 288702 | 11.3% |
| Retail | 463386 | 26.5% | 841712 | 32.8% |
| Other | 36050 | 2.1% | 37541 | 1.5% |
| &nbsp;&nbsp;&nbsp;Subtotal gross mortgage loans | 1750955 | 100.1% | 2557558 | 100.0% |
| Valuation allowance | (1652) |  | (580) |  |
| &nbsp;&nbsp;&nbsp;Balance, end of year | $1749303 |  | $2556978 |  |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

During 2025, the minimum and maximum lending rates for mortgage loans were 4.5 percent and 6.9 percent, respectively. All new loans were on commercial properties. The Company did not reduce interest rates for any outstanding mortgage loans. The maximum percentage of any one loan to the value of security at the time of the loan was 76.6 percent. As of December 31, 2025 and 2024, the Company held no mortgages with interest more than 30 days past due. The Company has no taxes, assessments, or any amounts advanced not included in the mortgage loan total. The Company did not restructure any mortgage loans in 2025 or 2024.

Impaired loans include those loans for which it is probable that amounts due according to the contractual terms of the loan agreement will not all be collected. The portfolio's valuation allowance is routinely evaluated for adequacy based on known and inherent risks, adverse situations that may affect a borrower's ability to repay, the estimated value of the underlying collateral, portfolio delinquency information, current economic conditions, and other relevant factors.

The Company did not consider any mortgage loans to be impaired for the years ended December 31, 2025 and 2024 and did not hold a related allowance for losses during those periods.

---

| | | |
|:---|:---|:---|
|  | **2025<br> Unpaid <br> Principal<br> Balance** | **2024<br> Unpaid <br> Principal<br> Balance** |
| Apartments | $309571 | $561539 |
| Industrial/warehouse | 686020 | 797157 |
| Medical office | 4618 | 30907 |
| Office | 251310 | 288702 |
| Retail | 463386 | 841712 |
| Other | 36050 | 37541 |
| &nbsp;&nbsp;&nbsp;Balance, end of year | $1750955 | $2557558 |

---

The Company's commercial mortgage loan portfolio is evaluated and rated annually. The evaluation includes an analysis of various metrics including, but not limited to, payment history, loan to value, debt service coverage, vacancy, and location related to each loan to arrive at a rating based on an internally developed rating system. This management system provides a consistent method for measuring and detecting a variety of adverse circumstances including borrower financial distress, leasing difficulties, and depressed market conditions. This system helps identify potential risks and provides management information to take the appropriate course of action.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The Company utilizes the NAIC Risk Based Capital ("RBC") commercial mortgage loan rating process. Individual loans are grouped into risk cohorts based on credit quality indicators, with capital requirements assigned to each cohort. Readily available industry standard measures for commercial mortgages have been shown to be good indicators of default probability. The process focuses on the metrics of debt service coverage and loan-to-value for loans in good standing. The risk cohorts are CM1 through CM5, with CM1 having the lowest indicated risk.

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| CM1 - high quality | $1351087 | $2140900 |
| CM2 - high quality | 352267 | 390830 |
| CM3 - medium quality | 44636 | 23898 |
| CM4 - low medium quality | 1314 | 1350 |
| CM5 - low quality |  |  |
|  | - | - |
| &nbsp;&nbsp;&nbsp;Subtotal - CM category | 1749304 | 2556978 |
| Valuation adjustment | (1652) | (580) |
| &nbsp;&nbsp;&nbsp;Total | $1747652 | $2556398 |

---

Mortgage loans are placed on non-accrued status if there is concern regarding the collectability of future payments. Factors considered may include, but are not limited to, conversations with the borrower, loss of a major tenant or bankruptcy of borrower or major tenant. The Company did not have any loans on non-accrued status as of December 31, 2025 or 2024. The Company did not restructure any mortgage loans in 2025 or 2024.

AUL had outstanding mortgage loan commitments of approximately $29.7 million and $22.3 million at December 31, 2025 and 2024, respectively.

**Derivatives**

The Company uses derivatives, including option and swap contracts, to manage interest rate, credit, and currency risk associated with changes in the estimated fair values of the Company's assets and liabilities. The value of these derivatives is generally derived from financial indexes, clearing houses, and the foreign exchange market and are primarily contracted in the over the counter (OTC) market. Other than its foreign exchange swaps, management has elected not to apply hedge accounting for its derivative positions, but these instruments do provide an assumed economic hedge against certain anticipated transactions. Derivatives are carried on the Company's Statutory Statements of Admitted Assets, Liabilities and Surplus as assets within Other invested assets or liabilities within Other liabilities. The Company does not offset the fair value amounts recognized for derivatives executed with the same counterparty under the same master netting agreement.

The Company credits interest on policyholder account liabilities based on S&P 500 index performance at participation rates and with certain caps on returns. These participation rates and caps are set each policy year. The Company economically hedges this annual exposure at the time the participant funds are swept into the chosen allocations to the various index strategies by purchasing at-the-money call options and selling out-of-the-money call options based on the S&P 500 index in an amount that approximates the obligation of the Company to credit interest at the end of the policy year with adjustments for lapse assumptions. Since the options are based on the same indexes that the crediting rates are based upon, they substantially offset the equity market risk associated with the crediting rate in the policy year being hedged.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The Company uses foreign currency interest rate swaps to hedge the currency risk of certain foreign currency-denominated long-term bonds owned and are designated as cash flow hedges. Under these foreign currency swaps, the Company agrees to pay, at specified intervals, fixed rate foreign currency-denominated interest payments to the counterparty in exchange for fixed rate U.S. dollar-denominated interest payments. These interest payments are calculated by reference to agreed upon notional principal amounts. The net amount received is reported as a component of investment income. At maturity, the Company will pay the foreign currency-denominated notional amount to the counterparty in exchange for the U.S. dollar-denominated notional amount. By entering into these foreign currency swaps, the Company has effectively converted foreign currency-denominated assets into U.S. dollar-denominated assets. Upon termination, gains or losses will be recognized immediately in the summary of operations, in a manner consistent with the hedged item.

The Company may be exposed to credit spread risk on uninvested cash. As part of its overall risk management program, the Company takes various risk management actions to manage its credit exposure within well-defined risk tolerances. One such action includes shorting investment grade credit default swap index securities to economically hedge credit spread risk from the time when cash is received to the time the cash can be invested. The value of these positions moves inversely to changes in credit spreads, offsetting the impact of changes in credit spreads on forecasted debt purchases. Credit default swap indexes allow investors to take long or short credit risk positions on baskets of single-name credit default swap contracts. In the event of default of one of the underlying reference entities in the index, the seller of credit protection will be obligated to make a payment proportional to the weight of the defaulted entity in the index. The Company receives a periodic premium for providing this credit protection.

As of December 31, 2025, the fair value of derivative assets and liabilities were $13.5 million and $4.1 million, respectively. As of December 31, 2024, the fair value of derivative assets and liabilities were $15.9 million and $2.9 million, respectively. The change in unrealized gains and losses was ($6.2) million and $2.0 million, net (loss) gain recognized in 2025 and 2024, respectively.

The Company may be exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments. The current credit exposure of the Company's derivative contracts is limited to the positive estimated fair value of derivative contracts at the reporting date after taking into consideration the existence of netting agreements and any collateral received pursuant to credit support annexes.

The Company manages its credit risk related to OTC derivatives by entering into transactions with highly rated counterparties, maintaining collateral arrangements and through the use of master agreements and credit support annexes that provide for a single net payment to be made by one counterparty to another at each due date and upon termination.

The Company enters into various collateral arrangements, which require both the pledging and accepting of collateral in connection with its derivative instruments. The Company's collateral arrangements for its OTC derivatives generally require the counterparty in a net liability position, after considering the effect of netting arrangements, to pledge collateral when the fair value of the counterparty's derivatives reaches a pre-determined threshold.

The Company has collateral arrangements that include credit-contingent provisions that provide for a reduction of collateral thresholds in the event of downgrades in the credit ratings of the Company and/or the counterparty.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The Company received cash collateral from counterparties in the amount of $9.3 million and $13.4 million at December 31, 2025 and 2024, respectively. The Company maintained ownership of any collateral delivered. The Company delivered cash collateral to counterparties in the amount of $9.8 million and $10.8 million at December 31, 2025 and 2024, respectively. The cash collateral is included in cash and cash equivalents and the obligation to return it is included in other liabilities.

The notional amounts and the fair value of derivative contracts at December 31, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2024** | **2024** |
|  | Notional | Fair Value | Notional | Fair Value |
| Purchased S&P 500 call options | $41600 | $5922 | $35150 | $4536 |
| Written S&P 500 call options | 41600 | (2032) | 35150 | (1742) |
| Credit default swaps index | 253300 | 5811 | 226050 | 5125 |
| Foreign currency swaps | 70393 | (8) | 80061 | 5331 |
| U.S. Treasury futures | 105300 | (224) | 127000 | (247) |
| &nbsp;&nbsp;&nbsp;Net fair value |  | $9469 |  | $13003 |

---

Notional amount represents a standard measurement of the volume of derivatives. Notional amount is not a quantification of market or credit risk and is not recorded in the Statutory Statements of Operations and Changes in Surplus. Notional amounts generally represent those amounts used to calculate contractual cash flows to be exchanged and are not paid or received.

Assets pledged to others as collateral or otherwise restricted as of December 31, are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Total General Account** | **Total General Account** | | |
| <br>**Restricted Asset Category** | **2025** | **2024** |<br><br><br>**Change**<br>**between years** | **Gross**<br>**Admitted and**<br>**Nonadmitted**<br>**Restricted to**<br>**Total**<br>**Admitted**<br>**Assets** |
| Federal Home Loan Bank of Indianapolis (FHLBI) capital stock | $67031 | $66561 | $470 | 0.2% |
| On deposit with states | 3903 | 3827 | 76 | 0.0% |
| Bonds held for the FHLBI collateral | 582660 | 756971 | (174311) | 1.6% |
| Bonds held for assumed reinsurance | 77017 | 102811 | (25794) | 0.2% |
| Mortgage loans held for the FHLBI collateral | 1426333 | 1443350 | (17017) | 4.0% |
| Collateral held under security lending agreement | 414066 | 356960 | 57106 | 1.2% |
| &nbsp;&nbsp;&nbsp;Total restricted assets | $2571010 | $2730480 | $(159470) | 7.2% |

---

The Company held cash collateral at fair value in the amount of $414.4 million and $357.5 million as of December 31, 2025 and 2024, respectively.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Reinvested collateral assets as of December 31, 2025 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2024** | **2024** |
| <br>**Cash Collateral Reinvested:** | **Amortized<br> Cost** | **Fair Value** | **Amortized<br> Cost** | **Fair Value** |
| Open | $(248) | $(194) | $(378) | $(324) |
| 30 Days or Less | 73593 | 73594 | 80655 | 80657 |
| 31 to 60 Days |  |  | 6045 | 6048 |
| 61 to 90 Days |  |  | 13300 | 13309 |
| 91 to 120 Days |  |  | 12721 | 12745 |
| 121 to 180 Days | 1731 | 1731 | 35411 | 35461 |
| 181 to 365 Days | 210729 | 210912 | 163763 | 164121 |
| 1 to 2 Years | 126970 | 127037 | 45443 | 45520 |
| 2 to 3 Years | 1291 | 1291 |  |  |
| Greater than 3 Years | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Subtotal | 414066 | 414371 | 356960 | 357537 |
| Securities received | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Total collateral reinvested | $414066 | $414371 | $356960 | $357537 |

---

The Company does not accept collateral that is not permitted by contract or custom to sell or re-pledge. The Company does not use an affiliated agent for securities lending activities.

The Company has collateral for transactions that extend beyond one year from December 31, 2025 and 2024 as follows:

---

| | | |
|:---|:---|:---|
| <br>**Description of Collateral** | **2025**<br>**Amortized<br> Cost** | **2024**<br>**Amortized<br> Cost** |
| Asset backed securities | $33382 | $41525 |
| Issuer credit obligations | 94879 | 3918 |
| &nbsp;&nbsp;&nbsp;Total collateral extending beyond one year of the reporting date | $128261 | $45443 |

---

The Company does not engage in any securities lending transactions within the separate account.

The Company generally invests securities lending collateral in securities with maturities of less than two years. The Company maintains liquidity within the securities lending program by investing a portion of the collateral in money market funds and repurchase agreements with very short durations.

The Company has no dollar repurchase or dollar reverse repurchase agreements.

**Securities Lending Transactions**

The Company has entered into a securities lending program. The Company requires a minimum of 102% of the fair value of securities loaned at the onset of the contract as collateral. Cash collateral received is reinvested and reported as Securities lending reinvested collateral assets, and the offsetting collateral liability is reported in Payable for Securities Lending.

The Company receives collateral consisting of cash from its securities lending transactions. The borrower can request the cash collateral to be returned on demand. The Company reinvests the cash collateral according to guidelines of the Company's investment policy.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Transfers of financial assets accounted for as secured borrowings at December 31, 2025 and 2024 are as follows:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| **Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;Asset backed securities | $33382 | $132509 |
| &nbsp;&nbsp;&nbsp;Issuer credit obligations | 94879 | 224451 |
| &nbsp;&nbsp;&nbsp;Cash, cash equivalents and short-term investments | 285805 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities lending collateral | $416091 | $358984 |
| **Liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;Payable for securities lending | $416091 | $358984 |

---

The Company does not have any transfers of receivables with recourse.

**5.** Real
 Estate

AUL owns its home office and occupies the majority of the space with a portion leased to third parties. Real estate is recorded net of accumulated depreciation and consists of $14.5 million and $14.7 million for investment properties and $73.1 million and $73.8 million for the home office at December 31, 2025 and 2024, respectively. Depreciation expense on real estate amounted to $6.3 million and $5.7 million in 2025 and 2024, respectively.

Income from real estate for 2025 and 2024 includes $6.1 million and $6.9 million, respectively.

The Company reported no real estate acquired in satisfaction of debt in either 2025 or 2024.

**6.** Reserve
 for Policy Benefits

Policy reserves are based on mortality, morbidity and interest assumptions prescribed by regulatory authorities. Claim liabilities include provisions for reported claims and estimates for claims incurred but not reported based on historical experience.

In computing reserves, it is assumed that deduction of fractional premiums due upon death is waived, and that premiums paid for the period beyond the date of death will be refunded. In certain situations, the surrender value promised is in excess of the reserve.

Reserves on older substandard traditional policies (issued prior to 1994) are the standard reserve plus one half of the annual substandard extra premium for each mortality and interest basis. Reserves on substandard universal life policies, substandard last-to-die policies, and substandard traditional policies (issued beginning 1994) are calculated using the same method as for standard policies of that type, but using substandard mortality rates in place of standard rates.

The amount of insurance for which gross premiums are less than the net premiums according to the valuation standard required by this state was $1,051.4 million and $1,170.0 million as of December 31, 2025 and 2024, respectively. The amount of the related reserve was $8.7 million and $9.8 million, for December 31, 2025 and 2024, respectively.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Tabular interest, tabular cost, and tabular less actual reserves released have been determined by formula for all insurance and annuities, respectively. Tabular interest on funds not involving life contingencies has been determined by formula or from actual interest credited. These reserves consisted of the following at December 31:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Life and accident and health reserves |  |  |
| &nbsp;&nbsp;&nbsp;Individual, group and credit life policies | $4559343 | $4290830 |
| &nbsp;&nbsp;&nbsp;Annuities and deposit administration funds | 11569028 | 11760689 |
| &nbsp;&nbsp;&nbsp;Accident and health and other reserves | 1792709 | 1844976 |
| Less reinsurance ceded | (6898589) | (4183509) |
|  | $11022491 | $13712986 |

---

The withdrawal characteristics of the Company's annuity reserves, certain separate accounts and deposit liabilities were as follows at December 31:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2024** | **2024** |
|  | **Amount** | **% of Total** | **Amount** | **% of Total** |
| Subject to discretionary withdrawal |  |  |  |  |
| &nbsp;&nbsp;&nbsp;With market value adjustment | $1329180 | 4.0% | $1416780 | 4.0% |
| &nbsp;&nbsp;&nbsp;At book value less surrender charges | 462159 | 1.4% | 414750 | 1.2% |
| &nbsp;&nbsp;&nbsp;At market value | 19315699 | 58.3% | 21403353 | 60.4% |
|  | 21107038 | 63.7% | 23234883 | 65.6% |
| Subject to discretionary withdrawal without adjustment |  |  |  |  |
| &nbsp;&nbsp;&nbsp;At book value without adjustment | 4851790 | 14.6% | 5421970 | 15.3% |
| &nbsp;&nbsp;&nbsp;Not subject to discretionary withdrawal | 7161259 | 21.6% | 6783380 | 19.1% |
|  | $33120086 | 100.0% | $35440233 | 100.0% |
| Less reinsurance ceded | (5135221) |  | (2125481) |  |
|  | $27984865 |  | $33314752 |  |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The withdrawal characteristics of the company's life reserves were as follows as of December 31, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **General Account** | **General Account** | **General Account** | **Separate Account - Nonguaranteed** | **Separate Account - Nonguaranteed** | **Separate Account - Nonguaranteed** |
|  | **Account Value** | **Cash Value** | **Reserve** | **Account Value** | **Cash Value** | **Reserve** |
| Subject to discretionary withdrawal, surrender values, or policy loans: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Term Policies with Cash Value | $- | $24024 | $27035 | $- | $- | $- |
| &nbsp;&nbsp;&nbsp;Universal Life | 72836 | 83069 | 75077 |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Permanent Cash Value Life Insurance |  | 1493762 | 3843653 |  |  |  |
| &nbsp;&nbsp;&nbsp;Variable Universal Life | 9947 | 9694 | 5785 | 163246 | 159096 | 163435 |
| Not Subject to discretionary withdrawal or no cash values: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Term Policies without Cash Value |  |  | 607774 |  |  |  |
| &nbsp;&nbsp;&nbsp;Accidental Death Benefits |  |  | 108 |  |  |  |
| &nbsp;&nbsp;&nbsp;Disability - Active Lives |  |  | 22245 |  |  |  |
| &nbsp;&nbsp;&nbsp;Disability - Disabled Lives |  |  | 37014 |  |  |  |
| &nbsp;&nbsp;&nbsp;Miscellaneous Reserves | - | - | 46294 | - | - | - |
| Total gross | $82783 | $1610549 | $4664985 | $163246 | $159096 | $163435 |
| &nbsp;&nbsp;&nbsp;Reinsurance Ceded | - | - | 704235 | - | - | - |
| Total | $82783 | $1610549 | $3960749 | $163246 | $159096 | $163435 |

---

Reconciliation of total life actuarial reserves at December 31, 2025

---

| | |
|:---|:---|
|  | Amount |
| Life & Accident & Health Annual Statement |  |
| &nbsp;&nbsp;&nbsp;Life Insurance | $3909356 |
| &nbsp;&nbsp;&nbsp;Accidental Death Benefits | 104 |
| &nbsp;&nbsp;&nbsp;Disability - Active Lives | 6815 |
| &nbsp;&nbsp;&nbsp;Disability - Disabled Lives | 30272 |
| &nbsp;&nbsp;&nbsp;Miscellaneous Reserves | 14203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal | $3960749 |
| Separate Accounts Annual Statement |  |
| &nbsp;&nbsp;&nbsp;Life Insurance | $163435 |
| &nbsp;&nbsp;&nbsp;Accident and health |  |
| &nbsp;&nbsp;&nbsp;Miscellaneous reserves | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal | $163435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Combined Total | $4124184 |

---

**7.** Premium
 and Annuity Considerations Deferred and Uncollected

Gross deferred and uncollected life insurance premiums and annuity considerations represent amounts due to be received from policy owners through the next policy anniversary date. Net deferred and uncollected premiums represent only the portion of gross premiums related to mortality charges and interest. Deferred and uncollected life premiums and annuity considerations were as follows at December 31:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2024** | **2024** |
|  | **Gross** | **Net of Loading** | **Gross** | **Net of Loading** |
| **Type of Business** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ordinary new business | $20971 | $10970 | $20118 | $10463 |
| &nbsp;&nbsp;&nbsp;Ordinary renewal | 94475 | 91349 | 92680 | 89009 |
| &nbsp;&nbsp;&nbsp;Group life | 4934 | 4934 | 2726 | 2726 |
| &nbsp;&nbsp;&nbsp;Group annuity | 1438 | 1438 | 859 | 859 |
|  | $121818 | $108691 | $116383 | $103057 |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The Company estimates accrued retrospective premium adjustments for its group health insurance business through a mathematical approach using an algorithm of the Company's underwriting rules and experience rating practices. The amount of net premiums written by the Company that are subject to retrospective rating features was $9.4 million and $9.3 million at December 31, 2025 and 2024, respectively. This represented 3.0 percent and 3.1 percent of the total net premiums written for group life and health in 2025 and 2024, respectively.

**8.** **Separate Accounts** 

Separate Account assets held by the Company are carried at fair value and consist primarily of variable life and annuity contracts. At December 31, 2025 and 2024, separate accounts included $19,056.0 million and $615.8 million, respectively, attributable to balances reinsured pursuant to modified coinsurance arrangements.

The Company's Separate Account assets are all non-guaranteed according to the SSAP 56 definition and are all legally insulated from the General Account. As of December 31, the Company reported Separate Account assets and liabilities from the following product lines:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| **Product** |  |  |
| &nbsp;&nbsp;&nbsp;Life insurance | $163761 | $147529 |
| &nbsp;&nbsp;&nbsp;Individual annuities | 281615 | 294089 |
| &nbsp;&nbsp;&nbsp;Group annuities | 19561432 | 21657213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $20006808 | $22098831 |

---

A reconciliation of transfers to the Company from the separate accounts is as follows:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Transfers as reported in the statements of operations of the separate accounts statement: |  |  |
| &nbsp;&nbsp;&nbsp;Transfers to separate accounts | $2172381 | $2932835 |
| &nbsp;&nbsp;&nbsp;Transfers from separate accounts | 7247021 | 3820487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net transfers to (from) separate accounts | (5074640) | (887652) |
| Reconciling adjustment (separate accounts statements does not include reinsurance) |  |  |
| &nbsp;&nbsp;&nbsp;Modified coinsurance treaties | 5066749 | 74372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net separate account transfers as reported in the statements of operations | $(7891) | $(813280) |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Information regarding the Separate Accounts at and for the years ended December 31 are as follows:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Premiums, considerations or deposits | $2172381 | $2932835 |
| Reserves at December 31 |  |  |
| &nbsp;&nbsp;&nbsp;For accounts with assets at |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Market value | $19479134 | $21550397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortized cost | 528256 | 550363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total reserves | $20007390 | $22100760 |
| By withdrawal characteristics |  |  |
| &nbsp;&nbsp;&nbsp;Subject to discretionary withdrawal | $- | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With market value adjustment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At book value without market value adjustment and with current surrender charge of 5% or more |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At market value | 19479134 | 21550397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At book value without market value adjustment and with current surrender charge of less than 5% | - | - |
|  | 19479134 | 21550397 |
| &nbsp;&nbsp;&nbsp;Not subject to discretionary withdrawal | 528256 | 550363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $20007390 | $22100760 |

---

**9.** **Employees' and Agents' Benefit Plans** 

The Company has multiple non-pension post-retirement health care benefit plans. The medical plans are contributory, with participants' contributions adjusted annually. The Company contribution for pre-65 retirees was frozen at the 2005 contribution level. For post-65 retirees the Company's contribution is capped at the 2000 amount. The dental and life insurance plans are noncontributory. Employees hired on or after October 1, 2004 are no longer eligible for retiree health benefits.

A summary of assets and obligations of the Other Benefits plans, including an unfunded supplemental excess benefit plan for certain executives, is as follows at December 31:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Overfunded** | **Overfunded** | **Underfunded** | **Underfunded** |
|  | **2025** | **2024** | **2025** | **2024** |
| **Change in benefit obligation** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Postretirement benefits |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefit obligation at beginning of year | $- | $- | $60454 | $62613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service cost |  |  | 747 | 1048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest cost |  |  | 3173 | 3149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contribution by plan participants |  |  | 1331 | 1315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Actuarial (gain) loss |  |  | 1749 | (2536) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefits paid |  |  | (5102) | (5135) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plan amendments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business combinations, divestitures, curtailments, settlements and special termination benefits | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefit obligation at end of year | $- | $- | $62352 | $60454 |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

---

| | | |
|:---|:---|:---|
|  | **Postretirement Benefits** | **Postretirement Benefits** |
|  | **2025** | **2024** |
| **Change in plan assets** |  |  |
| &nbsp;&nbsp;&nbsp;Fair value of plan assets at beginning of year | $- | $- |
| &nbsp;&nbsp;&nbsp;Actual return on plan assets |  |  |
| &nbsp;&nbsp;&nbsp;Employer contribution | 3771 | 3821 |
| &nbsp;&nbsp;&nbsp;Plan participants' contributions | 1331 | 1314 |
| &nbsp;&nbsp;&nbsp;Benefits paid | (5102) | (5135) |
| &nbsp;&nbsp;&nbsp;Transfer to parent | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value of plan assets at end of year | $- | $- |
| **Funded status** |  |  |
| &nbsp;&nbsp;&nbsp;Overfunded |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset (nonadmitted) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid benefit costs | $- | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overfunded plan assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets (nonadmitted) | $- | $- |
| &nbsp;&nbsp;&nbsp;Underfunded |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities recognized |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued benefit costs | $63953 | $63492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability for pension benefits | (1601) | (3038) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities recognized | $62352 | $60454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrecognized liabilities | $- | $- |
| **Components of net periodic benefit cost** |  |  |
| &nbsp;&nbsp;&nbsp;Service cost | $747 | $1048 |
| &nbsp;&nbsp;&nbsp;Interest cost | 3173 | 3149 |
| &nbsp;&nbsp;&nbsp;Expected return on plan assets |  |  |
| &nbsp;&nbsp;&nbsp;Transition asset or obligation |  |  |
| &nbsp;&nbsp;&nbsp;(Gains) and losses | (546) | (577) |
| &nbsp;&nbsp;&nbsp;Prior service cost or credit | 629 | 606 |
| &nbsp;&nbsp;&nbsp;Gain or loss recognized due to a settlement or curtailment | (106) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net periodic benefit cost | $3897 | $4226 |
| **Amounts in unassigned funds (surplus) recognized as components of net periodic benefit cost** |  |  |
| &nbsp;&nbsp;&nbsp;Items not yet recognized as a component of net periodic cost - prior year | $8253 | $3645 |
| &nbsp;&nbsp;&nbsp;Net transition asset or obligation recognized |  |  |
| &nbsp;&nbsp;&nbsp;Net prior service cost or credit arising during the period |  |  |
| &nbsp;&nbsp;&nbsp;Net prior service cost or credit recognized | 629 | 606 |
| &nbsp;&nbsp;&nbsp;Net gain and loss arising during the period | (1247) | 4579 |
| &nbsp;&nbsp;&nbsp;Net gain and loss recognized or transferred to parent | (546) | (577) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Items not yet recognized as a component of net periodic cost - current year | $7089 | $8253 |
| **Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost** | **Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost** |  |
| &nbsp;&nbsp;&nbsp;Net transition asset or obligation | $- | $- |
| &nbsp;&nbsp;&nbsp;Net prior service cost or credit | (2147) | (2776) |
| &nbsp;&nbsp;&nbsp;Net recognized gains and (losses) | 9235 | 11029 |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Weighted-average assumptions used to determine net periodic benefit cost at December 31:

---

| | | |
|:---|:---|:---|
|  | **Other Benefits** | **Other Benefits** |
|  | **2025** | **2024** |
| Discount rate | 5.74% | 5.27% |
| Rate of compensation increase | 6.00% | 6.00% |

---

Weighted-average assumptions used to determine benefit obligations at December 31:

---

| | | |
|:---|:---|:---|
|  | **Other Benefits** | **Other Benefits** |
|  | **2025** | **2024** |
| Discount rate | 5.41% | 5.72% |
| Rate of compensation increase | 6.00% | 6.00% |

---

Plan assets and benefit obligations are based upon a measurement date of December 31.

The Company measures service and interest costs by applying the specific spot rate along the yield curve to the plans' expected liability cash flows.

For measurement purposes, the health care trend rate assumes a 0.25% decrease per year from the 2026 rate of 7.50% until the ultimate rate of 5.00% is reached in 2036.

The Company expects to contribute $4.2 million to its other post-retirement benefit plans in 2026.

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:

---

| | |
|:---|:---|
|  | **Other**<br>**Benefits** |
| 2026 | $4152 |
| 2027 | 4292 |
| 2028 | 4271 |
| 2029 | 4556 |
| 2030 | 4972 |
| Years 2031-2035 | 25944 |

---

In 2014, the sponsorship of the employee defined pension benefit plan was transferred from the Company to OneAmerica. OneAmerica sponsors a qualified, noncontributory defined benefit pension plan covering substantially all of its employees. OneAmerica charges the Company which in turn allocates to its affiliates a share of the total cost of the pension plan based on allocation and/or salary ratios. The Company's share of net periodic benefit costs (income) was ($1.3) million and ($7.9) million for 2025 and 2024, respectively. The net period benefit income in 2024 was driven by a curtailment gain event related to the sale of the Recordkeeping business, with the Company's share of the curtailment gain of $12.0 million. This was partially offset by accelerated termination benefits resulting from the Recordkeeping business sale of $1.4 million and other period benefit costs of $2.8 million. The Company has no legal obligation for benefits under this plan.

The Medicare Prescription Drug, Improvement and Modernization Act of 2003 introduced a prescription drug benefit under Medicare, as well as a federal subsidy to qualifying sponsors of retiree healthcare benefit plans.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The Company has elected to not pursue any plan changes as a result of the Act. Therefore, the valuation of the unfunded post-retirement benefit obligation and the determination of the net post-retirement benefit cost included in these financial statements do not reflect the effects of the Act on the plan.

The Company sponsors a defined contribution savings plan that covers substantially all employees. The Company contributes a match for participants who complete one full calendar year of employment. The match is 50 percent of participants' elective deferral on the first 6 percent of eligible compensation. The Company's contribution to the plan was $5.0 million and $6.8 million for 2025 and 2024, respectively. As of December 31, 2025, the fair value of the plan assets was $528.6 million.

The Company sponsors a profit-sharing plan that covers substantially all of its career agents, except for the general agents. Effective August 1, 2016, the plan was amended to feature a safe harbor matching contribution structure. Career agents are eligible to make deferrals and receive a matching contribution on the first day of the month coincident with or next following three months of service and attainment of age 20-1/2. Matching contributions are immediately vested. With respect to the plan's nonelective contribution, eligibility is six months of service and attainment of age 20-1/2, and the entry date for purposes of the nonelective contribution is the January 1 coincident with or next following the date such eligibility requirements are met. Vesting on the nonelective contribution is based on years of service, with full vesting after three years of service. The Company did not make a profit-sharing contribution for the 2025 or 2024 plan year. The Company's contribution to the plan was $2.2 million and $2.1 million in safe harbor matching contributions for 2025 and 2024, respectively. As of December 31, 2025, the fair value of the plan assets was $61.9 million.

The Company sponsors a supplemental executive retirement plan, a defined contribution plan and other post-retirement benefits for employees of the holding company group. The Company allocates the cost of the plans to affiliates based on direct allocation or salary ratios. The Company's share of net periodic benefit cost for other post-retirement benefit plans was $5.6 million and $7.1 million for 2025 and 2024, respectively. The Company has the legal obligation for benefits under these plans.

The Company has entered into deferred compensation agreements with certain directors, employees, agents, and general agents. The deferred amounts are payable according to the terms and subject to the conditions of the deferred compensation agreements. The deferred compensation balance is included within Accrued commissions and general expenses on the Statements of Admitted Assets, Liabilities and Surplus.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

**10.** Federal Income Taxes

The components of the net deferred tax asset recognized in the Company's Statements of Admitted Assets, Liabilities and Surplus at December 31 are as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** |
|  | **Ordinary** | **Capital** | **Total** |
| Gross deferred tax assets | $251779 | $2434 | $254213 |
| &nbsp;&nbsp;&nbsp;Less: valuation allowance | - | - | - |
| Adjusted gross deferred tax asset | 251779 | 2434 | 254213 |
| &nbsp;&nbsp;&nbsp;Deferred tax asset nonadmitted | (86236) | - | (86236) |
| Subtotal net admitted deferred tax asset | 165543 | 2434 | 167977 |
| &nbsp;&nbsp;&nbsp;Deferred tax liabilities | (55926) | - | (55926) |
| Net admitted deferred tax asset | $109617 | $2434 | $112051 |
| &nbsp;&nbsp;&nbsp;(Increase) Decrease in nonadmitted tax asset |  |  | $(6736) |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **2024** | **2024** | **2024** |
|  | **Ordinary** | **Capital** | **Total** |
| Gross deferred tax assets | $248318 | $16095 | $264413 |
| &nbsp;&nbsp;&nbsp;Less: valuation allowance | (4101) | - | (4101) |
| Adjusted gross deferred tax asset | 244217 | 16095 | 260312 |
| &nbsp;&nbsp;&nbsp;Deferred tax asset nonadmitted | (79500) | - | (79500) |
| Subtotal net admitted deferred tax asset | 164717 | 16095 | 180812 |
| &nbsp;&nbsp;&nbsp;Deferred tax liabilities | (58529) | - | (58529) |
| Net admitted deferred tax asset | $106188 | $16095 | $122283 |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The admitted deferred tax asset is determined from the following components at December 31:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | **Ordinary** | **Capital** | **Total** | **Ordinary** | **Capital** | **Total** |
| Admission calculation components: SSAP 101 (Paragraph 11) |  |  |  |  |  |  |
| (a) Federal income taxes paid in prior years recoverable through loss carrybacks | $- | $- | $- | $- | $- | $- |
| (b) Adjusted gross deferred tax assets expected to be realized after the application of the threshold limitation | 109617 | 2434 | 112051 | 106188 | 16095 | 122283 |
| (i) Adjusted gross deferred tax assets expected to be realized following the balance sheet date | 109617 | 2434 | 112051 | 106188 | 16095 | 122283 |
| (ii)Adjusted gross deferred tax assets allowed per limitation threshold |  |  | 192991 |  |  | 182363 |
| (c) Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from (a) and (b) above offset by gross deferred tax liabilities) | 55926 |  | 55926 | 58529 |  | 58529 |
| Deferred tax assets admitted as the result of the application of SSAP No. 101 (a+b+c) | $165543 | $2434 | $167977 | $164717 | $16095 | $180812 |
| Ratio percentage used to determine recovery period and threshold |  |  | 893% |  |  | 744% |
| Amount of adjusted capital and surplus used to determine recovery period and threshold amount |  |  | $1286607 |  |  | $1215755 |

---

The impact of tax-planning strategies at December 31 is as follows, none of which include reinsurance transactions:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2024** | **2024** | **Change** | **Change** |
|  | **Ordinary** | **Capital** | **Ordinary** | **Capital** | **Ordinary** | **Capital** |
| Adjusted gross DTAs | $251779 | $2434 | $244217 | $16095 | $7562 | $(13661) |
| Percentage of adjusted gross DTA by tax character attributable to the impact of tax planning strategies | 1.6% | 100.0% | 0.5% | 1.3% | 1.1% | 98.7% |
| Net admitted adjusted gross DTAs | 165543 | 2434 | 164717 | 16095 | 826 | (13661) |
| Percentage of adjusted net admitted adjusted gross DTAs by tax character admitted because of the impact of tax planning strategies | 2.5% | 100.0% | 0.8% | 1.3% | 1.7% | 98.7% |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The change in net deferred taxes is comprised of the following (exclusive of the change in nonadmitted assets reported as a component of the change in nonadmitted Assets) at December 31:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **Change** |
| Gross deferred tax assets | $254213 | $260312 | $(6099) |
| Deferred tax liabilities | 55926 | 58529 | (2603) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net deferred tax asset | 198287 | 201783 | (3496) |
| Tax effect of unrealized gains (losses) | (5108) | (7320) | 2212 |
| Net deferred income tax asset, excluding unrealized gains | $203395 | $209103 | $(5708) |

---

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31 are as follows:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| **Deferred tax assets** |  |  |
| &nbsp;&nbsp;&nbsp;Policyholder reserves | $101462 | $97227 |
| &nbsp;&nbsp;&nbsp;Investments | 93 | 772 |
| &nbsp;&nbsp;&nbsp;Deferred acquisition costs | 46113 | 42012 |
| &nbsp;&nbsp;&nbsp;Policyholder dividend accrual | 4773 | 3747 |
| &nbsp;&nbsp;&nbsp;Fixed and amortizable assets | 257 | 426 |
| &nbsp;&nbsp;&nbsp;Compensation and benefits accrual | 39964 | 39996 |
| &nbsp;&nbsp;&nbsp;Receivables nonadmitted | 41340 | 47207 |
| &nbsp;&nbsp;&nbsp;Net operating loss carryforwards |  |  |
| &nbsp;&nbsp;&nbsp;Tax credit carryforward | 5537 | 10632 |
| &nbsp;&nbsp;&nbsp;Initial consideration of Voya transaction | 2704 |  |
| &nbsp;&nbsp;&nbsp;Other | 9536 | 6299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ordinary deferred tax assets | 251779 | 248318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statutory valuation allowance adjustment | - | (4101) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted gross deferred tax asset | 251779 | 244217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonadmitted deferred tax assets | (86236) | (79500) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admitted ordinary deferred tax assets | $165543 | $164717 |
| &nbsp;&nbsp;&nbsp;Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments | 2434 | 16095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonadmitted | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admitted deferred tax assets | $167977 | $180812 |
| **Deferred tax liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;Investments | $11786 | $12213 |
| &nbsp;&nbsp;&nbsp;Fixed assets | 22023 | 24413 |
| &nbsp;&nbsp;&nbsp;Deferred and uncollected premium | 21512 | 19961 |
| &nbsp;&nbsp;&nbsp;Policyholder reserves | 298 | 1942 |
| &nbsp;&nbsp;&nbsp;Other | 307 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ordinary deferred tax liabilities | 55926 | 58529 |
| &nbsp;&nbsp;&nbsp;Capital - investments | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liabilities | 55926 | 58529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net admitted deferred tax asset | $112051 | $122283 |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The following reconciliation accounts for the difference between the actual expense and the amounts obtained by applying the federal statutory rate of 21% in both years to income before federal income taxes at December 31:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Tax benefit at the federal statutory rate | $(16152) | $(35414) |
| &nbsp;&nbsp;&nbsp;IMR for ceding commission | 28610 |  |
| &nbsp;&nbsp;&nbsp;Tax preferenced investment income | (16010) | (17935) |
| &nbsp;&nbsp;&nbsp;Change in nonadmitted assets | 6471 | 2484 |
| &nbsp;&nbsp;&nbsp;Foreign tax credit carryforward | (4654) | (10632) |
| &nbsp;&nbsp;&nbsp;Difference between reported tax and book initial consideration - Voya | (4124) |  |
| &nbsp;&nbsp;&nbsp;Valuation allowance foreign tax credit carryforward | (4101) | 4101 |
| &nbsp;&nbsp;&nbsp;Foreign tax credit receivable | (2991) | (6058) |
| &nbsp;&nbsp;&nbsp;OAS dividend | (1470) |  |
| &nbsp;&nbsp;&nbsp;Other | (440) | 1144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total income tax expense (benefit) incurred | $(14861) | $(62310) |
| Federal and foreign income taxes incurred | $(20569) | $(42162) |
| Change in net deferred income taxes | 5708 | (20148) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total statutory income tax expense (benefit) | $(14861) | $(62310) |
| Federal income tax-operating | $12068 | $(38101) |
| Federal income tax-capital gains (losses) | (32637) | (4061) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal income tax incurred (refunded) | $(20569) | $(42162) |

---

The Company has the following tax attribute carryforwards:

---

| | | | |
|:---|:---|:---|:---|
| Type | Amount | First Expiration<br> Year | Last Expiration<br> Year |
| Net operating loss | $- |  |  |
| Capital loss |  |  |  |
| Tax credits | 5537 | 2029 | 2034 |
| Alternative minimum tax |  |  |  |

---

There were no income taxes incurred in the current or prior years that are available for recoupment in the event of future net losses.

The Company does not have a liability for tax contingencies as of December 31, 2025 or 2024.

The Company recognizes interest or penalties paid or accrued related to unrealized tax benefits as part of the income tax provision.

The statute of limitations related to the Company's consolidated federal income tax return is closed for all tax years up to and including 2021. The expiration of the statute of limitations related to the various state income tax returns that the Company files varies by state. The Company has reviewed open tax years for the major jurisdictions and has concluded that there is no significant income tax liability resulting from uncertain tax positions.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

As of December 31, 2025, the Company had $112.1 million in net deferred tax assets (DTAs). The valuation allowance for deferred tax assets as of December 31, 2025 and 2024 was $0 and $4.1 million, respectively. The valuation allowance at December 31, 2024 was related to foreign tax credit carryforwards that, in the judgment of management, were not more likely than not to be realized. The valuation allowance was released during 2025 because of the expected increase in net foreign source income resulting in all of the foreign tax credit carryforward being used before expiration. As of December 31, 2025, in the judgement of management no valuation allowance is needed.

The Inflation Reduction Act implemented a new Corporate Alternative Minimum Tax (CAMT) to be applicable for tax years beginning in 2023 and forward. The Company has concluded it is not an applicable corporation with respect to the CAMT for the current year.

11**.** Reinsurance

AUL is a party to various reinsurance contracts under which it receives premiums as a reinsurer and reimburses the ceding companies for portions of the claims incurred. At December 31, 2025 and 2024, life reinsurance assumed was approximately 16 and 17 percent, respectively, of gross life insurance in force. Premiums on life reinsurance assumed were approximately 11 percent of gross life insurance premium income in both 2025 and 2024. Premiums on accident and health reinsurance assumed were approximately 19 and 20 percent of gross accident and health premium income in 2025 and 2024, respectively.

Effective January 1, 2025, OneAmerica entered into an agreement to sell its full-service retirement plan business to Voya Financial, Inc (Voya). The transaction consisted of the sale of two of OneAmerica's affiliates, OneAmerica Investment Advisory Services, LLC and OneAmerica Retirement Services, LLC and an indemnity reinsurance agreement with the Company for specified group annuity contracts. The transaction closed on January 2, 2025 and the Company received a ceding commission of $40.0 million. General account statutory reserves and deposit-type contracts were $3,471.9 million and $312.6 million, respectively, and were ceded by a combination of indemnity coinsurance and funds withheld, and separate account statutory reserves of $20,603.7 million ceded through 100% indemnity modified coinsurance. The Company transferred invested assets at fair value to the reinsurer of $2,702.7 million and established a funds withheld at book value of $1,075.0 million. The Company paid a net amount of $6.7 million to finalize the transaction and as a result of the transaction, the after-tax net gain was $42.5 million and was deferred through surplus in accordance with SSAP No. 61. Additionally, on March 31, 2026, the Company received a gain contingency on this transaction of $101.3 million plus $1.6 million of accrued interest. The gain contingency will be deferred through surplus, after tax, at March 31, 2026.

The Company transferred assets, primarily NAIC Class 1 and 2 bonds, as well as commercial mortgage loans, with a fair value of $2,543.5 million. In accordance with the agreement, the Company transferred the IMR created on the transaction, net of tax, of $125.4 million to the reinsurer.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The Company uses reinsurance to mitigate the risk it underwrites on a direct basis, including longevity risk. The Company cedes the portion of the total risk on an individual life in excess of $2.0 million. For policies issued prior to 2019, the amount ceded was in excess of $0.5 million to $1.0 million. For accident and health and disability policies, AUL has established various limits of coverage it will retain on any one policyholder and cedes the remainder of such coverage. Certain statistical data with respect to reinsurance ceded follows:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Reinsurance ceded on ordinary life in force | $46009532 | $45207058 |
| Reinsurance ceded on group and credit life in force | 4287906 | 3789741 |
| Life reinsurance premiums ceded | 194555 | 127381 |
| Annuity reinsurance premiums ceded | 2454378 | 153411 |
| Accident and health reinsurance premiums ceded | 44836 | 45215 |
| Reinsurance recoveries | 284976 | 283119 |

---

All AUL reinsurance agreements transfer risk. Premiums for policies reinsured with other companies have been reported as a reduction of premium income and amounts applicable to reinsurance ceded for policy reserves and claim liabilities have been reported as reductions of these items. If companies to which reinsurance has been ceded are unable to meet obligations under the reinsurance agreements, AUL would remain liable. Policy reserves have been reduced at December 31, 2025 and 2024 by $6,898.6 million and $4,183.5 million, respectively, for reinsurance ceded. Claim liabilities have been reduced at December 31, 2025 and 2024 by $73.7 million and $86.4 million, respectively, for reinsurance ceded.

The Company reviews all reinsurance agreements for transfer of risk and evaluates the proper accounting methods based upon the terms of the contract. If companies to which reinsurance has been ceded are unable to meet obligations under the reinsurance agreements, the Company would remain liable. Three reinsurers account for approximately 95 percent of the Company's December 31, 2025 ceded reserves for life, annuity, and accident and health insurance. One of these reinsurers maintain A.M. Best ratings of A. Two reinsurers are not rated by A.M. Best. One reinsurer has provided collateral to the Company in the form of a trust account and a Capital Maintenance Agreement from the reinsurer's parent company, which is AM Best rated A+, and a claims payment guarantee from another reinsurer in order to reduce the credit risk to OneAmerica. The other reinsurer is rated BBB+ by S&P Global Ratings. The remainder of such ceded reserves is spread among numerous reinsurers.

The Company has reinsurance agreements in effect under which the reinsurer may unilaterally cancel the agreement. If the reinsurance agreements were unilaterally cancelled there would not be a reduction to surplus. At December 31, 2025, there are no reinsurance agreements in effect such that losses paid or accrued exceed the total direct premium collected. The Company does not have and has not written off any uncollectible reinsurance during 2025 or 2024.

The Company did not commute any material ceded reinsurance in 2025 or 2024.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

**12.** Direct Premium Written/Produced by Managing General Agents/Third Party Administrators

MidAmerica Administrative & Retirement Solutions, Inc. of Lakeland, Florida provides claims payment, claims adjustment, and premium collection for group annuity business. The direct premium written related to MidAmerica for 2025 and 2024 was $414.2 million and $236.5 million, respectively. MidAmerica does not have an exclusive contract with the Company.

**13.** Risk-Based Capital

The NAIC requires companies to calculate RBC to serve as a benchmark for the regulation of life insurance companies by state insurance regulators. At December 31, 2025 and 2024, the Company's calculated RBC exceeded the minimum RBC requirements.

**14.** Commitments and Contingencies

Various lawsuits have arisen in the course of the Company's business. In these matters and collectively, the Company believes the ultimate resolution of such litigation will not result in any material adverse impact on its operations, financial condition, or cash flow. However, given the inherent difficulty in predicting the outcome of legal proceedings, there exists the possibility that such legal actions could have a material adverse effect on the Company's consolidated financial condition, operating results, or cash flows.

The Company has no material contingent liabilities. OneAmerica has a $200.0 million line of credit with three participating banking institutions. The Company and State Life are guarantors on the line of credit.

**15.** Surplus Notes and Shareholder Dividends

In 1996, AUL issued $75.0 million of 7.75 percent surplus notes, due March 30, 2026. The surplus notes were issued for cash and have the following repayment conditions and restrictions: 1) interest and principal payments may be made only with the prior approval of the Indiana Insurance Commissioner, and 2) repayment of the principal due may be made only from unassigned surplus. No affiliates of the Company hold positions in the surplus notes.

Interest is payable semiannually in March and September. Interest payments of $5.8 million were approved and paid in 2025 and in 2024. Total interest paid inception to date is $172.2 million.

Had the accrual of interest on surplus notes not been subject to approval of the Commissioner, accrued interest payable on the surplus notes at December 31, 2025 and 2024 would have been $1.5 million.

Under Indiana law, the amount of dividends a domestic insurer is permitted to pay without prior approval of the IDOI is limited to an amount not exceeding the greater of 10 percent of the Company's statutory surplus as of the most recently preceding December 31 or 100 percent of the Company's statutory gain from operations for the twelve-month period ending on the most recently preceding December 31. Under state statutes, dividends would be limited to approximately $116.7 million in 2026.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The Company paid no dividends in 2025 or 2024. The Company received $10.0 million in capital contribution from OneAmerica in 2025 and no capital contributions in 2024.

The portion of unassigned surplus represented or reduced by each item below as of December 31, 2025 is as follows:

---

| | |
|:---|:---|
| Nonadmitted asset values | $(283093) |
| Asset valuation reserve | $(206233) |
| Net unrealized gain (losses) | $21066 |
| Reinsurance recoverables from unauthorized companies | $67 |

---

**16.** Federal Home Loan Bank of Indianapolis

The Company has a line of credit with the Federal Home Loan Bank of Indianapolis (FHLBI) for amounts up to $50.0 million, which matures in March 2027. The interest rate is determined based upon the variable advance rate at the time of a draw. There is no amount outstanding on this facility as of December 31, 2025 or 2024.

The Company maintains a membership in the FHLBI. FHLBI membership provides ready access to funds and borrowing capacity through the issuance of funding agreements. The Company uses these funds in an investment spread strategy, consistent with its other investment spread operations. As such, the Company applies SSAP No. 52 accounting treatment to these funds, consistent with its other deposit-type contracts. The Company is required to hold a certain amount of FHLBI common stock as a requirement of membership, based on a minimum of 4.5 percent of outstanding borrowings.

At December 31, 2025 and 2024, the carrying value of the FHLBI Class B common stock was $67.0 million and $66.6 million, respectively. The carrying value of the FHLBI common stock approximates fair value.

Funding agreements associated with the FHLBI totaled $1,239.4 million and $1,281.6 million of December 31, 2025 and 2024, respectively. The proceeds were used to purchase bonds. The Company closely matches the maturities of the funding agreements with bond maturities. The funding agreements are classified as deposit-type contracts and had a carrying value of $1,241.6 million and $1,283.9 million at December 31, 2025 and 2024, respectively, including accrued interest. Interest paid was $51.5 million and $62.7 million in 2025 and 2024, respectively.

The line of credit and funding agreements are collateralized by bond and mortgage loan investments and are maintained in a custodial account for the benefit of the FHLBI. The fair value of pledged assets amounted to $1,923.5 million and $2,017.2 million at December 31, 2025 and 2024, respectively, and is included in bonds and mortgage loan investments reported on the Statutory Statements of Admitted Assets, Liabilities and Surplus. The maximum carrying value of collateral pledged during the reporting period was $2,350.1 million.

The fixed rate funding agreements are pre-payable subject to payment of a yield maintenance fee based on current market interest rates. While no pre-payments are expected, the aggregate fee to prepay all fixed rate borrowings would have been $30.0 million at December 31, 2025.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

**17.** Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Authoritative guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value based on their observability. The hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three levels. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows:

● Level 1 – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities. These generally provide the most reliable evidence and are used to measure fair value whenever available. Active markets provide current pricing data on a more frequent basis. Examples include certain U.S. Treasury securities and exchange-traded equity securities.

● Level 2 – Fair value is based on quoted prices for similar assets or liabilities in active markets, inactive markets, or model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. This level includes financial instruments that are valued by independent pricing services using models or other valuation methodologies. These models are primarily industry-standard models that consider various inputs which are observable or derived from observable information in the marketplace. Examples include certain public and private corporate securities.

● Level 3 – Fair value is based on valuations derived from techniques in which one or more significant inputs or significant value drivers are unobservable for assets or liabilities. Examples include certain public corporate securities and other less liquid securities not publicly traded on an exchange; for example, the FHLB stock.

In certain instances, the inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, the level disclosed is based on the lowest level significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement and ultimate classification of each asset and liability requires judgment.

The fair values of equity securities and separate account assets are based on quoted market prices where available. The Company is responsible for the determination of fair value and therefore performs quantitative and qualitative analysis of prices received from third parties.

The fair value of derivative contracts are measured based on current settlement values, which are based on quoted market prices and industry standard models that are commercially available. These techniques project cash flows of the derivatives using current and implied future market conditions. The present value of the cash flows is calculated to measure the current fair value of the derivative.

The derivative assets and liabilities consist of options and swap contracts. The Company's derivative products are categorized as Level 2 in the fair value hierarchy.

The Company has a pricing group which includes representatives from investments and accounting. The team is responsible for overseeing and monitoring the pricing of the Company's investments and performs periodic due diligence reviews of the pricing services. The pricing review includes analysis of investment prices, approval of price source changes, price overrides, methodology changes, and classification of fair value hierarchy levels.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The table below presents the balances of assets measured at fair value as of December 31:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **2025** | **Quoted Prices in**<br>**Active Markets**<br>**Level 1** | **Significant**<br>**Observable**<br>**Level 2** | **Significant**<br>**Unobservable**<br>**Level 3** | **Total**<br>**Fair**<br>**Value** |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common stocks - Industrial & misc. | $29 | $- | $1930 | $1959 |
| &nbsp;&nbsp;&nbsp;Bonds - Industrial & misc. |  |  | 902 | 902 |
| &nbsp;&nbsp;&nbsp;Other invested assets |  | 4495 | 14378 | 18873 |
| &nbsp;&nbsp;&nbsp;Derivatives |  | 11733 |  | 11733 |
| &nbsp;&nbsp;&nbsp;Separate account assets \* | 20006808 | - | - | 20006808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Assets | $20006837 | $16228 | $17210 | $20040275 |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Derivatives | $- | $2032 | $- | $2032 |
|  | **Quoted Prices in** | **Significant** | **Significant** | **Total** |
|  | **Active Markets** | **Observable** | **Unobservable** | **Fair** |
| **2024** | **Level 1** | **Level 2** | **Level 3** | **Value** |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common stocks - Industrial & misc. | $29 | $- | $69530 | $69559 |
| &nbsp;&nbsp;&nbsp;Bonds - Industrial & misc. |  |  | 1445 | 1445 |
| &nbsp;&nbsp;&nbsp;Other invested assets |  | 5620 |  | 5620 |
| &nbsp;&nbsp;&nbsp;Derivatives |  | 9661 |  | 9661 |
| &nbsp;&nbsp;&nbsp;Separate account assets \* | 22098831 | - | - | 22098831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Assets | $22098860 | $15281 | $70975 | $22185116 |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Derivatives | $- | $1989 | $- | $1989 |

---

*\*Separate account assets represent segregated funds that are invested on behalf of customers. Investment risks associated with fair value changes are borne by the customer.*

The specific assets currently reported as Level 3 are stocks that are not publicly traded on an exchange.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

The following table provides a summary of the changes in fair value of Level 3 assets and liabilities, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets held at:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common Stocks**<br>**Industrial & misc.** | **Bonds**<br>**Industrial & misc.** | **Other**<br>**Imvested Assets** | **Short-term**<br>**Investments** | <br>**Total** |
| **Beginning Balance at January 1, 2024** | $75889 | $300 | $- | $9 | $76198 |
| &nbsp;&nbsp;&nbsp;Transfer into level 3 | 1712 | 2070 |  |  | 3782 |
| &nbsp;&nbsp;&nbsp;Transfer out of level 3 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total gains (losses) included in net income | 578 | (1274) |  | (40) | (736) |
| &nbsp;&nbsp;&nbsp;Total gains (losses) included in surplus | (638) | 836 |  | 31 | 229 |
| &nbsp;&nbsp;&nbsp;Purchases |  | 35 |  |  | 35 |
| &nbsp;&nbsp;&nbsp;Issuances |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Sales | (8011) | (522) |  |  | (8533) |
| &nbsp;&nbsp;&nbsp;Settlements | - | - | - | - | - |
| **Ending Balance at December 31, 2024** | $69530 | $1445 | $- | $- | $70975 |
| &nbsp;&nbsp;&nbsp;Transfer into level 3 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Transfer out of level 3 | (66561) |  |  |  | (66561) |
| &nbsp;&nbsp;&nbsp;Total gains (losses) included in net income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total gains (losses) included in surplus | (1039) | 10 | (376) |  | (1405) |
| &nbsp;&nbsp;&nbsp;Purchases |  |  | 14754 |  | 14754 |
| &nbsp;&nbsp;&nbsp;Issuances |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Sales |  | (553) |  |  | (553) |
| &nbsp;&nbsp;&nbsp;Settlements | - | - | - | - | - |
| **Ending Balance at December 31, 2025** | $1930 | $902 | $14378 | $- | $17210 |

---

Realized gains (losses) are reported in the Statutory Statements of Operations, while unrealized gains (losses) are reported within unassigned surplus in the Statutory Statements of Admitted Assets, Liabilities and Surplus.

Authoritative guidance requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values. The fair values for financial instruments are based on various assumptions and estimates as of a specific point in time. They do not represent liquidation values and may vary significantly from amounts that will be realized in actual transactions. Therefore, the fair values presented in the table should not be construed as the underlying value of the Company.

The disclosure of fair value information about certain financial instruments is based primarily on quoted market prices. The fair values cash, cash equivalents, and short-term investments approximate the carrying amounts reported in the balance sheet. Fair values for bonds, equity securities and derivatives are based on quoted market prices where available. For bonds not actively traded, fair values are estimated using values obtained from independent pricing services or, in the case of private placements, are estimated by discounting expected future cash flows using a current market rate applicable to the yield, credit quality and maturity of the investments. It is not practicable to estimate the fair value of contract loans.

The fair value of the aggregate mortgage loan portfolio was estimated by discounting the future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings for similar maturities. The fair value of other invested assets is based on quoted market prices where available.

The fair value of the corporate owned life insurance and the employee and agent trust is based upon the cash surrender value.

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

Fair values of other insurance reserves are not required to be disclosed. However, the estimated fair values for all insurance liabilities are taken into consideration in the Company's overall management of interest rate risk, which minimizes exposure to changing interest rates through the matching of investment maturities with amounts due under insurance contracts.

The fair value of funding agreements with FHLBI was estimated by discounting the future cash flows using current rates.

The fair values of certain financial instruments, along with the corresponding carrying values as of December 31, are as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2025** | **2025** | | |
|  | **Fair**<br>**Value** | **Admitted**<br>**Value** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** | **Not Practicable**<br>**Carrying**<br>**Value** | <br>**Net Asset Value**<br>**(NAV)** |
| Assets |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Bonds - Insurer credit obligations | $6925689 | $7651143 | $3914 | $6585081 | $336694 | $- | $- |
| &nbsp;&nbsp;&nbsp;Bonds - Asset-backed securities | 2677418 | 2736803 |  | 2403429 | 273989 |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stocks | 14999 | 15000 |  |  | 14999 |  |  |
| &nbsp;&nbsp;&nbsp;Common stocks | 78255 | 78255 | 29 |  | 78226 |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage loans | 1688261 | 1749303 |  |  | 1688261 |  |  |
| &nbsp;&nbsp;&nbsp;Cash equivalents and short-term investments | 67137 | 67127 | 48991 | 13997 | 4149 |  |  |
| &nbsp;&nbsp;&nbsp;Contract loans |  | 900061 |  |  |  | 900061 |  |
| &nbsp;&nbsp;&nbsp;Derivatives | 13521 | 11734 |  | 13521 |  |  |  |
| &nbsp;&nbsp;&nbsp;Other invested assets | 158093 | 194275 |  | 158093 |  |  | 17356 |
| &nbsp;&nbsp;&nbsp;Securities lending reinvested collateral assets | 414371 | 414066 |  | 414371 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate owned life insurance | 586040 | 586040 |  | 586040 |  |  |  |
| &nbsp;&nbsp;&nbsp;Employee and agent trust | 33 | 33 |  | 33 |  |  |  |
| &nbsp;&nbsp;&nbsp;Separate account assets | 19892956 | 20006808 | 19481514 | 411442 |  |  |  |
| Liabilities |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Derivatives | 4052 | 6083 | 224 | 3828 |  |  |  |
| &nbsp;&nbsp;&nbsp;Payable for securities lending | 414371 | 414066 |  | 414371 |  |  |  |
| &nbsp;&nbsp;&nbsp;Funding agreements | 1180208 | 1239433 |  |  | 1180208 |  |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2024** | **2024** | **2024** | **2024** | **2024** | | |
|  | **Fair**<br>**Value** | **Admitted**<br>**Value** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** | **Not Practicable**<br>**Carrying**<br>**Value** | <br>**Net Asset Value**<br>**(NAV)** |
| Assets |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Bonds | $10512977 | $10387947 | $3806 | $9705056 | $804115 | $- | $- |
| &nbsp;&nbsp;&nbsp;Preferred stocks | 14999 | 15000 |  |  | 14999 |  |  |
| &nbsp;&nbsp;&nbsp;Common stocks | 80510 | 78255 | 29 |  | 80481 |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage loans | 2318236 | 1749303 |  |  | 2318236 |  |  |
| &nbsp;&nbsp;&nbsp;Cash, cash equivalents & short-term investments | 373052 | 286534 | 105244 | 267808 |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract loans |  | 900061 |  |  |  | 900061 |  |
| &nbsp;&nbsp;&nbsp;Derivatives | 15948 | 11734 |  | 15948 |  |  |  |
| &nbsp;&nbsp;&nbsp;Other invested assets | 649710 | 711136 |  | 151395 | 498315 |  |  |
| &nbsp;&nbsp;&nbsp;Securities lending reinvested collateral assets | 357537 | 414066 | 63131 | 294406 |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate owned life insurance | 548492 | 586040 |  | 548492 |  |  |  |
| &nbsp;&nbsp;&nbsp;Employee and agent trust | 33 | 33 |  | 33 |  |  |  |
| &nbsp;&nbsp;&nbsp;Separate account assets | 22098831 | 20006808 | 22098831 |  |  |  |  |
| Liabilities |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Derivatives | 2945 | 6083 | 247 | 2698 |  |  |  |
| &nbsp;&nbsp;&nbsp;Payable for securities lending | 357537 | 414066 | 63131 | 294406 |  |  |  |
| &nbsp;&nbsp;&nbsp;Funding agreements | 1262746 | 1281553 |  |  | 1262746 |  |  |

---

**American United Life Insurance Company**

**Notes to Statutory Financial Statements, continued**

**Years Ended December 31, 2025 and 2024**

**(Dollars in tables in thousands)**

**18.** Subsequent Events and Other Items

On March 30, 2026, the Company paid $77.9 million, which represented the remaining principal and interest due upon the maturity of the 7.75% surplus note. For more information on the surplus note and other financing sources, refer to Note 15 – *Surplus Notes and Shareholder Dividends*.

Additionally, on March 30, 2026, the Company received $102.9 million from Voya, which represented the Company's gain contingency of $101.3 million and accrued interest of $1.6 million on the reinsurance transaction described in Note 11 – *Reinsurance*. The gain contingency, net of tax, will be deferred through surplus and the interest income will be recognized in the statement of operations in the first quarter of 2026.

Management has evaluated the impact of all subsequent events through April 14, 2026, the date the financial statements were available to be issued and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements.

**Supplemental Schedules**

**American United Life Insurance Company**

**Supplemental Schedule of Assets and Liabilities**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

The following is a summary of certain financial data included in other exhibits and schedules subjected to audit procedures by independent auditors and utilized by actuaries in the termination of reserves:

---

| | |
|:---|:---|
| Investment income earned |  |
| &nbsp;&nbsp;&nbsp;Government bonds | $39542 |
| &nbsp;&nbsp;&nbsp;Other bonds (unaffiliated) | 444107 |
| &nbsp;&nbsp;&nbsp;Preferred stocks (unaffiliated) | 1020 |
| &nbsp;&nbsp;&nbsp;Common stocks (unaffiliated) | 6180 |
| &nbsp;&nbsp;&nbsp;Common Stocks (affiliated) | 7000 |
| &nbsp;&nbsp;&nbsp;Mortgage loans | 82729 |
| &nbsp;&nbsp;&nbsp;Real estate | 16491 |
| &nbsp;&nbsp;&nbsp;Premium notes, contract loans and liens | 42965 |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | 4056 |
| &nbsp;&nbsp;&nbsp;Derivative instruments | 181 |
| &nbsp;&nbsp;&nbsp;Other invested assets | 53698 |
| &nbsp;&nbsp;&nbsp;Aggregate write-ins for investment income | 2286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross investment income | $700255 |
| Real estate owned—book value less encumbrances | $87662 |
| Mortgage loans—book value |  |
| &nbsp;&nbsp;&nbsp;Residential mortgages | $- |
| &nbsp;&nbsp;&nbsp;Commercial mortgages | 1750955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage loans | $1750955 |
| Mortgage loans by standing—book value |  |
| &nbsp;&nbsp;&nbsp;Good standing | $1750955 |
| &nbsp;&nbsp;&nbsp;Good standing with restructured terms |  |
| &nbsp;&nbsp;&nbsp;Interest overdue more than three months, not in foreclosure |  |
| &nbsp;&nbsp;&nbsp;Foreclosure in process | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage loans | $1750955 |
| Other long-term assets—statement value | $711136 |
| Common stock of parent, subsidiary, and affiliates—book value | $9264 |
| Bonds and short-term investments by NAIC Designation and maturity |  |
| &nbsp;&nbsp;&nbsp;Bonds by maturity—statement value |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due within one year or less | $628284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over 1 year through 5 years | 1649282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over 5 years through 10 years | 2008646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over 10 years through 20 years | 3216315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over 20 years | 2938548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No maturity date | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total by maturity | $10441075 |
| &nbsp;&nbsp;&nbsp;Bonds by NAIC Designation—statement value |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAIC 1 | $6341301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAIC 2 | 3768320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAIC 3 | 271176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAIC 4 | 54221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAIC 5 | 5155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAIC 6 | 902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total by NAIC Designation | $10441075 |
| &nbsp;&nbsp;&nbsp;Total bonds publicly traded | $6184133 |
| &nbsp;&nbsp;&nbsp;Total bonds privately placed | $4256942 |

---

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Schedule of Assets and Liabilities, continued**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

---

| | |
|:---|:---|
| Preferred stocks—statement value | $15000 |
| Common stocks—market value | $78255 |
| Short-term investments - statement value | $4133 |
| Derivatives - statement value, net | $(224) |
| Cash (overdraft) on deposit | $219407 |
| Life insurance in force |  |
| &nbsp;&nbsp;&nbsp;Ordinary | $23836160 |
| &nbsp;&nbsp;&nbsp;Credit life | $- |
| &nbsp;&nbsp;&nbsp;Group life | $54503544 |
| Amount of accidental death insurance in force under ordinary policies | 10970 |
| Life insurance policies with disability provisions in force |  |
| &nbsp;&nbsp;&nbsp;Ordinary | $4544258 |
| &nbsp;&nbsp;&nbsp;Group life | $50148731 |
| Supplementary contracts |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ordinary—not involving life contingencies |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount on deposit | $10351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income payable | $499 |
| &nbsp;&nbsp;&nbsp;Ordinary—involving life contingencies |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income payable | $158 |
| &nbsp;&nbsp;&nbsp;Group—not involving life contingencies |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount on deposit | $(40) |
| Annuities |  |
| &nbsp;&nbsp;&nbsp;Ordinary |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediate—amount of income payable | $41535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred—fully paid account balance | $9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred—not fully paid account balance | $1027347 |
| &nbsp;&nbsp;&nbsp;Group |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount of income payable | $456403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fully paid account balance | $877468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not fully paid account balance | $3418837 |
| Accident and health insurance—premiums in force |  |
| &nbsp;&nbsp;&nbsp;Ordinary | $42432 |
| &nbsp;&nbsp;&nbsp;Group | $185790 |
| &nbsp;&nbsp;&nbsp;Credit | $- |

---

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Schedule of Assets and Liabilities, continued**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

---

| | |
|:---|:---|
| Deposit funds and dividend accumulations |  |
| &nbsp;&nbsp;&nbsp;Deposit funds—account balance | $5876 |
| &nbsp;&nbsp;&nbsp;Dividend accumulations—account balance | $40659 |
| Claim payments (by accident year) |  |
| &nbsp;&nbsp;&nbsp;Group accident and health |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $42717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | $21836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | $6574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | $3805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | $3761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior | $10736 |
| &nbsp;&nbsp;&nbsp;Other accident and health |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior | $- |
| &nbsp;&nbsp;&nbsp;Other coverages that use developmental methods to calculate claims reserves |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior | $- |

---

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Summary Investment Schedule**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

The Company's gross investment holdings as filed in the 2025 Annual Statement are $14,641.8 million. Certain lines with zero balances have been hidden for presentation purposes.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Admitted Assets as Reported** | **Admitted Assets as Reported** | **Admitted Assets as Reported** | **Admitted Assets as Reported** |
|  | **Gross Investment Holdings** | **Gross Investment Holdings** | **in the Annual Statement** | **in the Annual Statement** | **in the Annual Statement** | **in the Annual Statement** |
|  | **Amount** | **Percentage<br> of Column 1<br> Line 13** | **Amount** | **Securities<br> Lending<br> Reinvested<br> Collateral<br> Amount** | **Total<br> (Col 3+4)<br> Amount** | **Percentage<br> of Column 5<br> Line 13** |
| **Investment categories** |  |  |  |  |  |  |
| **1. Long term Bonds (Schedule D, Part 1):** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01 U.S. government obligations | $3903 | 0.03% | $3903 | $- | $3903 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.03 Non-U.S. sovereign jurisdiction securities | 110693 | 0.76% | 110693 | 24993 | 135686 | 0.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.04 Municipal bonds - general obligations (direct & guaranteed) | 143610 | 0.98% | 143610 |  | 143610 | 0.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.05 Municipal bonds - special revenue | 80956 | 0.55% | 80956 |  | 80956 | 0.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.06 Project finance bonds issued by operating entities | 6628948 | 45.27% | 6628948 | 33836 | 6662784 | 45.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.09 Single entity backed obligations | 254388 | 1.74% | 254388 |  | 254388 | 1.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12 Bonds issued by funds representing operating entities | 190281 | 1.30% | 190281 |  | 190281 | 1.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.14 Bank loans - acquired | 174709 | 1.19% | 174709 |  | 174709 | 1.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.17 Other issuer credit obligations | 63656 | 0.43% | 63656 | - | 63656 | 0.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.18 Total issuer credit obligations | 7651144 | 52.25% | 7651144 | 94879 | 7746023 | 52.90% |
| **2. Asset-backed securities (Schedule D, Part 1, Section 2):** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.01 Financial asset-backed securities - self-liquidating | 2588710 | 17.68% | 2588710 | 11151 | 2599861 | 17.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.03 Non-financial asset-backed securities | 148093 | 1.01% | 148093 | 22231 | 170324 | 1.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.04 Total asset-backed securities | 2736803 | 18.69% | 2736803 | 33382 | 2770185 | 18.92% |
| **3. Preferred Stocks (Schedule D, Part 2, Sections 1):** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.01 Industrial and Misc. (Unaffiliated) | 15000 | 0.10% | 15000 |  | 15000 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.02 Parent, Subsidiaries and Affiliates | - | 0.00% | - | - | - | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.03 Total Preferred Stocks | 15000 | 0.10% | 15000 |  | 15000 | 0.10% |
| **4. Common Stocks (Schedule D, Part 2, Sections 2):** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.01 Industrial and miscellaneous - publicly traded (unaffiliated) | 29 | 0.00% | 29 |  | 29 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.02 Industrial and miscellaneous - other (unaffiliated) | 68962 | 0.47% | 68962 |  | 68962 | 0.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.03 Parent, subsidiaries and affiliates - publicly traded | 9264 | 0.06% | 9264 | - | 9264 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.09 Total common stocks | 78255 | 0.53% | 78255 |  | 78255 | 0.52% |
| **5. Mortgage Loans (Schedule B):** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.03 Commercial mortgages | 1750955 | 11.96% | 1750955 |  | 1750955 | 11.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.05 Total valuation allowance | (1652) | -0.01% | (1652) | - | (1652) | -0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.06 Total mortgage loans | 1749303 | 11.95% | 1749303 |  | 1749303 | 11.95% |
| **6. Real estate (Schedule A):** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.01 Properties occupied by company | 73191 | 0.50% | 73191 |  | 73191 | 0.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.02 Properties held for production of income | 14471 | 0.10% | 14471 |  | 14471 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.03 Properties held for sale | - | 0.00% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.04 Total mortgage loans | 87662 | 0.60% | 87662 |  | 87662 | 0.60% |
| **7. Cash, cash equivalents, and short term investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.01 Cash (Schedule E, Part 1) | 219407 | 1.50% | 219407 | 127267 | 346674 | 2.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.02 Cash equivalents, (Schedule E, Part 2) | 62994 | 0.43% | 62994 | 26330 | 89324 | 0.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.03 Short-term investments (Schedule DA) | 4133 | 0.03% | 4133 | 132208 | 136341 | 0.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.04 Total cash, cash equivalents and short-term investments | 286534 | 1.96% | 286534 | 285805 | 572339 | 3.91% |
| **8. Contract Loans** | 900061 | 6.15% | 900061 |  | 900061 | 6.15% |
| **9. Derivatives (Schedule DB)** | 11734 | 0.08% | 11734 |  | 11734 | 0.08% |
| **10. Other Invested Assets (Schedule BA)** | 712909 | 4.87% | 711136 |  | 711136 | 4.86% |
| **11. Receivables for Securities** | 130 | 0.00% | 130 |  | 130 | 0.00% |
| **12. Securities Lending (Schedule DL, Part 1)** | 414066 | 2.83% | 414066 | xxx | xxx | xxx |
| **13. Aggregate Write-ins for Invested Assets** | - | 0.00% | - | - | - | 0.00% |
| **14. Total Invested Assets** | $14643601 | 100.00% | $14641828 | $414066 | $14641828 | 100.00% |

---

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Investment Risk Interrogatories**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

1. State the reporting entity's total admitted assets as reported
on its annual statement: $15,745.1 million

2. State by investment category the 10 largest exposures to a single issuer/borrower/investment,
excluding U.S. government, U.S. government agency securities and those U.S. government money market funds listed in the Appendix to the
SVO Purposes and Procedures Manual as exempt, property occupied by the Company and policy loans.

---

| | | | |
|:---|:---|:---|:---|
| **Investment Category** | **Investment Category** |<br>**Amount** | **Percentage of Total**<br>**Admitted Assets** |
| 2.01 | FEDERAL HOME LOAN BANKS | $67031 | 0.4% |
| 2.02 | NORTHROP GRUMMAN CORP | 60515 | 0.4% |
| 2.03 | TC ENERGY CORP | 52309 | 0.3% |
| 2.04 | NEXTERA ENERGY INC | 52152 | 0.3% |
| 2.05 | LOCKHEED MARTIN CORPORATION | 50904 | 0.3% |
| 2.06 | RTX CORP | 50557 | 0.3% |
| 2.07 | ONEOK INC | 49651 | 0.3% |
| 2.08 | PHILLIPS 66 | 48951 | 0.3% |
| 2.09 | EXXON MOBIL CORP | 48710 | 0.3% |
| 2.10 | ALLIANT ENERGY CORP | 46718 | 0.3% |

---

3. State the amounts and percentages of the reporting entity's total admitted assets held in
bonds and preferred stocks by NAIC rating.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <br>**Bonds** |<br>**Amount** | **Percentage of Total**<br>**Admitted**<br>**Assets** | <br>**Preferred**<br>**Stocks** |<br>**Amount** | **Percentage of Total**<br>**Admitted**<br>**Assets** |
| 3.01 NAIC – 1 | $6355300 | 40.4% | P/RP – 1 | $- | 0.0% |
| 3.02 NAIC – 2 | 3768321 | 23.9% | P/RP – 2 | 15000 | 0.1% |
| 3.03 NAIC – 3 | 271176 | 1.7% | P/RP – 3 |  | 0.0% |
| 3.04 NAIC – 4 | 54221 | 0.3% | P/RP – 4 |  | 0.0% |
| 3.05 NAIC – 5 | 5155 | 0.0% | P/RP – 5 |  | 0.0% |
| 3.06 NAIC – 6 | 902 | 0.0% | P/RP – 6 |  | 0.0% |

---

4. State the amounts and percentages
of the reporting entity's total admitted assets held in foreign investments (regardless of whether there is any foreign currency
exposure) and unhedged foreign currency exposure (defined as the statement value of investments denominated in foreign currencies which
are not hedged by financial instruments qualifying for hedge accounting as specified in SSAP No. 31– *Derivative Instruments*),
including:

Are assets held in foreign investments less than 2.5% of the reporting entity's total admitted assets? Yes ☐ No ☒

4.01 Total admitted assets held in foreign investments $1,737,503 11.0 %

4.02 Foreign-currency-denominated investments 74,219 0.5 %

4.03 Insurance liabilities denominated in that same foreign currency - 0.0 %

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Investment Risk Interrogatories, continued**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

5. Aggregate foreign investment exposure categorized by NAIC sovereign
rating:

---

| | | | |
|:---|:---|:---|:---|
|  |  |<br>**Amount** | **Percentage of Total**<br>**Admitted Assets** |
| 5.01 | Countries rated NAIC-1 | $1606083 | 10.2% |
| 5.02 | Countries rated NAIC-2 | 106222 | 0.7% |
| 5.03 | Countries rated NAIC-3 or below | 25198 | 0.2% |

---

6. Two largest foreign investment
exposures to a single country, categorized by NAIC sovereign rating:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | |<br>**Amount** | **Percentage of Total**<br>**Admitted Assets** |
|  | Countries rated NAIC-1 | Countries rated NAIC-1 |  |  |
| 6.01 | Country: | Cayman Islands | $770033 | 4.9% |
| 6.02 | Country: | Australia | 272194 | 1.7% |
|  | Countries rated NAIC-2 | Countries rated NAIC-2 |  |  |
| 6.03 | Country: | Mexico | $66306 | 0.4% |
| 6.04 | Country: | Indonesia | 9623 | 0.1% |
|  | Countries rated NAIC-3 or below | Countries rated NAIC-3 or below |  |  |
| 6.05 | Country: | Marshall Islands | $18000 | 0.1% |
| 6.06 | Country: | Columbia | 4530 | 0.0% |

---

---

| | | | |
|:---|:---|:---|:---|
| |  |<br>**Amount** | **Percentage of Total**<br>**Admitted Assets** |
| 7. Aggregate unhedged foreign currency exposure | 7. Aggregate unhedged foreign currency exposure | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | 0.0% |
| 8. Aggregate unhedged foreign currency exposure categorized by NAIC sovereign rating: | 8. Aggregate unhedged foreign currency exposure categorized by NAIC sovereign rating: |  |  |
| 8.01 | Countries rated NAIC-1 | $- | 0.0% |
| 8.02 | Countries rated NAIC-2 |  | 0.0% |
| 8.03 | Countries rated NAIC-3 or below |  | 0.0% |
| 9. Largest unhedged foreign currency exposures by country, categorized by the country's NAIC sovereign rating: | 9. Largest unhedged foreign currency exposures by country, categorized by the country's NAIC sovereign rating: |  |  |
| 9.01 | Country: | $- | 0.0% |
| 9.02 | Country: |  | 0.0% |

---

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Investment Risk Interrogatories, continued**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

10. List the 10 largest sovereign (i.e. non-governmental) foreign
issues:

---

| | | | |
|:---|:---|:---|:---|
|  |  |<br>**Amount** | **Percentage of Total**<br>**Admitted Assets** |
| 10.01 | KONINKLIJKE PHILIPS ELECTRONICS NV | $45417 | 0.3% |
| 10.02 | INVESCO LTD | 29025 | 0.2% |
| 10.03 | CSL LTD | 28568 | 0.2% |
| 10.04 | SIEMENS AG | 26103 | 0.2% |
| 10.05 | AMERICA MOVIL SAB DE CV | 24555 | 0.2% |
| 10.06 | BAE SYSTEMS PLC | 23000 | 0.1% |
| 10.07 | DIAMETER CREDIT FUNDING DCF_21-4 | 22922 | 0.1% |
| 10.08 | PERNOD-RICARD SA | 22696 | 0.1% |
| 10.09 | GIP CAPRICORN FINCO PTY LTD | 20909 | 0.1% |
| 10.1 | DEUTSCHE POST AG | 20615 | 0.1% |

---

11. not applicable because the Company's total admitted assets held in Canadian investments
and unhedged Canadian currencies are less than 2.5% of admitted assets.

12. Not applicable because the Company does not have contractual
sales restrictions.

13. Amounts and percentages of
admitted assets held in the ten largest equity interests:

Are assets held in foreign investments less than 2.5% of the reporting entity's total admitted assets?

Yes ☐ No ☒

---

| | | | |
|:---|:---|:---|:---|
| | |<br>**Amount** | **Percentage of Total**<br>**Admitted Assets** |
| 13.02 | FEDERAL HOME LOAN BANK | $67031 | 0.4% |
| 13.03 | NEUBERGER BERMAN | 56034 | 0.4% |
| 13.04 | HARBOURVEST | 30936 | 0.2% |
| 13.05 | PIMCO | 30495 | 0.2% |
| 13.06 | BLACKROCK | 30446 | 0.2% |
| 13.07 | HGGC | 24863 | 0.2% |
| 13.08 | BLACKSTONE | 24110 | 0.2% |
| 13.09 | KKR | 20347 | 0.1% |
| 13.10 | INVESCO | 18398 | 0.1% |
| 13.11 | SHENKMAN | 17395 | 0.1% |

---

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Investment Risk Interrogatories, continued**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

14. Amounts and percentages of the reporting entity's total
admitted assets held in nonaffiliated, privately placed equities:

Are assets held in in nonaffiliated, privately placed equities less than 2.5% of the reporting entity's total admitted assets? Yes ☐ No ☒

---

| | | | |
|:---|:---|:---|:---|
|  |  |<br>**Amount** | **Percentage of Total**<br>**Admitted Assets** |
| 14.02 | Aggregate statement value of investments held in nonaffiliated, privately placed equities | $600823 | 3.8% |
|  | Largest three investments held in nonaffiliated, privately placed equities: |  |  |
| 14.03 | &nbsp;&nbsp;&nbsp;FEDERAL HOME LOAN BANK | $67031 | 0.4% |
| 14.04 | &nbsp;&nbsp;&nbsp;PIMCO CORPORATE OPPORTUNITIES FUND III | 27294 | 0.2% |
| 14.05 | &nbsp;&nbsp;&nbsp;HARBOURVEST CREDIT OPPORTUNITIES FUND II | 24110 | 0.2% |

---

List 10 largest fund managers:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Fund Manager** | **Total Invested** | **Diversified** | **Nondiversified** |
| 14.06 | NEUBERGER BERMAN | $95955 | $95955 | $- |
| 14.07 | HARBOURVEST | 67804 | 67804 |  |
| 14.08 | PIMCO | 40560 | 40560 |  |
| 14.09 | BLACKROCK | 39478 | 39478 |  |
| 14.1 | HGGC | 30495 | 30495 |  |
| 14.11 | BLACKSTONE | 30446 | 30446 |  |
| 14.12 | KRR | 24863 | 24863 |  |
| 14.13 | INVESCO | 24110 | 24110 |  |
| 14.14 | SHENKMAN | 20347 | 20347 |  |
| 14.15 | RED REEF PARTNERS | 18398 | 18398 |  |

---

15. Not applicable because the Company's general partnership
interests are less than 2.5% of admitted assets.

16. With respect to mortgage loans reported in Schedule B, state
the amounts and percentages of the reporting entities total admitted assets held.

Are mortgage loans reported in Schedule B less than 2.5 percent of the reporting entity's total admitted assets? Yes ☐ No ☒

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Investment Risk Interrogatories, continued**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

List each of the 10 largest aggregate mortgage interests. The aggregate mortgage interest represents the combined value of all mortgages secured by the same property or same group of properties:

---

| | | | |
|:---|:---|:---|:---|
|  | <br>**Type (Residential, Commercial, Agricultural)** |<br>**Amount** | **Percentage of Total**<br>**Admitted Assets** |
| 16.02 | Commercial | $31898 | 0.2% |
| 16.03 | Commercial | 26287 | 0.2% |
| 16.04 | Commercial | 25558 | 0.2% |
| 16.05 | Commercial | 25474 | 0.2% |
| 16.06 | Commercial | 21250 | 0.1% |
| 16.07 | Commercial | 21185 | 0.1% |
| 16.08 | Commercial | 20916 | 0.1% |
| 16.09 | Commercial | 19847 | 0.1% |
| 16.1 | Commercial | 19262 | 0.1% |
| 16.11 | Commercial | 18733 | 0.1% |

---

Amount and percentage of the reporting entity's total admitted assets held in the following categories of mortgage loans:

---

| | | | |
|:---|:---|:---|:---|
| | |<br>**Amount** | **Percentage of Total**<br>**Admitted Assets** |
| 16.12 | Construction loans | $15000 | 0.1% |
| 16.13 | Mortgage loans over 90 days past due |  | 0.0% |
| 16.14 | Mortgage loans in the process of foreclosure |  | 0.0% |
| 16.15 | Mortgage loans foreclosed |  | 0.0% |
| 16.16 | Restructured mortgage loans |  | 0.0% |

---

17. Aggregate mortgage loans having the following loan-to-value
ratios as determined from the most current appraisal as of the annual statement date:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Residential** | **Residential** | **Commercial** | **Commercial** | **Agricultural** | **Agricultural** |
| <br>**Loan-to Value** |<br>**Amount** | **Percentage of Total**<br>**Admitted <br> Assets** |<br>**Amount** | **Percentage of Total**<br>**Admitted <br> Assets** |<br>**Amount** | **Percentage of Total**<br>**Admitted <br> Assets** |
| 17.01 above 95% | $- | 0.0% | $- | 0.0% | $- | 0.0% |
| 17.02 91% to 95% |  | 0.0% |  | 0.0% |  | 0.0% |
| 17.03 81% to 90% |  | 0.0% |  | 0.0% |  | 0.0% |
| 17.04 71% to 80% |  | 0.0% | 26355 | 0.2% |  | 0.0% |
| 17.05 below 70% |  | 0.0% | 1707609 | 10.8% |  | 0.0% |

---

18. Not applicable because the Company's investments held
in real estate are less than 2.5% of admitted assets.

19. Not applicable because the Company's investments held
in mezzanine real estate loans are less than 2.5% of admitted assets.

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Investment Risk Interrogatories, continued**

**As of and for the Year Ended December 31, 2025**

**(In thousands)**

20. Securities lending or repurchase agreements.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **At Year-End** | **At Year-End** | | | |
|  | **Percentage of Total** | **Percentage of Total** | **At End of Each Quarter** | **At End of Each Quarter** | **At End of Each Quarter** |
|  |<br>**Amount** | **Admitted**<br>**Asset** | **1st Qtr**<br>**Amount** | **2nd Qtr**<br>**Amount** | **3rd Qtr**<br>**Amount** |
|  | | | **(unaudited)** | **(unaudited)** | **(unaudited)** |
| Securities lending (do not include assets held as collateral for such transactions) | $5442798 | 34.6% | $5341372 | $5225520 | $5262619 |
| Repurchase agreements |  | 0.0% |  |  |  |
| Reverse repurchase agreements |  | 0.0% |  |  |  |
| Dollar repurchase agreements |  | 0.0% |  |  |  |
| Dollar reverse repurchase agreements |  | 0.0% |  |  |  |

---

21. Not applicable since the Company does not have warrants not
attached to other financial instruments, options, caps, and floors.

22. Amounts and percentages of the reporting entity's total
admitted assets of potential exposure for collars, swaps, and forwards.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **At Year-End** | **At Year-End** | | | |
|  | **Percentage of Total** | **Percentage of Total** | **At End of Each Quarter** | **At End of Each Quarter** | **At End of Each Quarter** |
|  |<br>**Amount** | **Admitted**<br>**Asset** | **1st Qtr**<br>**Amount** | **2nd Qtr**<br>**Amount** | **3rd Qtr**<br>**Amount** |
|  | | | **(unaudited)** | **(unaudited)** | **(unaudited)** |
| Hedging | $254240 | 1.6% | $148441 | $1072 | $71953 |
| Income generation |  | 0.0% |  |  |  |
| Replications |  | 0.0% |  |  |  |
| Other |  | 0.0% |  |  |  |

---

23. Amounts and percentages of the reporting entity's total
admitted assets of potential exposure for future contracts.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **At Year-End** | **At Year-End** | | | |
|  | **Percentage of Total** | **Percentage of Total** | **At End of Each Quarter** | **At End of Each Quarter** | **At End of Each Quarter** |
|  |<br>**Amount** | **Admitted**<br>**Asset** | **1st Qtr**<br>**Amount** | **2nd Qtr**<br>**Amount** | **3rd Qtr**<br>**Amount** |
|  | | | **(unaudited)** | **(unaudited)** | **(unaudited)** |
| Hedging | $3739 | 0.0% | $2254 | $1578 | $960 |
| Income generation |  | 0.0% |  |  |  |
| Replications |  | 0.0% |  |  |  |
| Other |  | 0.0% |  |  |  |

---

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Schedule of Reinsurance Disclosures**

**For the Year Ended December 31, 2025**

**(In thousands)**

The following information regarding reinsurance contracts is presented to satisfy the disclosure requirements in SSAP No. 61R, *Life, Deposit-Type and Accident and Health Reinsurance*, which apply to reinsurance contracts entered into, renewed or amended on or after January 1, 1996.

1. Has the Company reinsured any risk with any other entity under a reinsurance contract (or multiple contracts with the same
reinsurer or its affiliates) that is subject to Appendix A-791, *Life and Health Reinsurance Agreements*, and includes
a provision that limits the reinsurer's assumption of significant risks identified in Appendix A-791?

Examples of risk-limiting features include provisions such as a deductible, a loss ratio corridor, a loss cap, an aggregate limit or similar effect.

Yes ☐ No **☒**

If yes, indicate the number of reinsurance contracts to which such provisions apply: __________

If yes, indicate if deposit accounting was applied for all contracts subject to Appendix A-791 that limit significant risks.

Yes ☐ No ☐ N/A **☒**

2. Has the
Company reinsured any risk with any other entity under a reinsurance contract (or multiple contracts with the same reinsurer
or its affiliates) that is not subject to Appendix A-791, for which reinsurance accounting was applied and includes
a provision that limits the reinsurer's assumption of risk?

Examples of risk-limiting features include provisions such as a deductible, a loss ratio corridor, a loss cap, an aggregate limit or other provisions that result in similar effects.

Yes ☐ No **☒**

If yes, indicate the number of reinsurance contracts to which such provisions apply: __________

If yes, indicate whether the reinsurance credit was reduced for the risk-limiting features.

Yes ☐ No ☐ N/A **☒**

This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Supplemental Schedule of Reinsurance Disclosures, continued**

**For the Year Ended December 31, 2025**

**(In thousands)**

3. Does the
Company have any reinsurance contracts (other than reinsurance contracts with a federal or
state facility) that contain one or more of the following features which result in delays in payment in
form or in fact:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Provisions that permit the reporting of losses to be made less frequently than quarterly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Provisions that permit settlements to be made less frequently than quarterly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Provisions that permit payments due from the reinsurer to not be made in cash within ninety (90) days of the settlement date (unless there is no activity during the period); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The existence of payment schedules, accumulating retentions from multiple years, or any features inherently designed to delay timing of the reimbursement to the ceding entity.

Yes ☐ No **☒**

4. Has the
Company reflected reinsurance accounting credit for any contracts that are not subject to Appendix A-791 and
not yearly renewable term reinsurance, which meet the risk transfer requirements of SSAP No. 61R?

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| | | | |
|:---|:---|:---|:---|
| **Type of contract:** | **Response:** | **Identify reinsurance contract(s):** | **Has the insured<br> event(s) triggering <br> contract coverage <br> been recognized?** |
| Assumption reinsurance – new for the reporting period<sup>1</sup> | Yes ☐ No **☒** |  | N/A |
| Non-proportional reinsurance, which does not result in significant surplus relief | Yes ☐ No **☒** |  | Yes ☐ No ☐ N/A **☒** |

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5. Has the
Company ceded any risk in a reinsurance agreement that is not subject to Appendix A-791 and not yearly
renewable term reinsurance, under any reinsurance contract (or multiple contracts with the same reinsurer or its affiliates) during the
period covered by the financial statements, and either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Accounted for that contract as reinsurance under statutory accounting principles (SAP) and as a deposit under generally accepted accounting principles (GAAP); or

Yes ☐ No ☐ N/A **☒**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Accounted for that contract as reinsurance under GAAP and as a deposit under SAP?

Yes ☐ No ☐ N/A **☒**

If the answer to item (a) or item (b) is yes, include relevant information regarding GAAP to SAP differences to explain why the contract(s) is treated differently for GAAP and SAP below:

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This accompanying note is an integral part of these supplemental schedules

**American United Life Insurance Company**

**Notes to the Supplemental Schedule of Assets and Liabilities, Summary Investment Schedule, Supplemental Investment Risk Interrogatories and Supplemental Schedule of Reinsurance Disclosures**

**For the Year Ended December 31, 2025**

**(In thousands)**

**Basis of Presentation**

The accompanying schedules and interrogatories present selected financial data as of December 31, 2025 and for the year then ended for purposes of complying with paragraph 9 of the Annual Audited Financial Reports in the General section of the National Association of Insurance Commissioners' Annual Statement Instructions and agree to or are included in the amounts reported in the Company's 2025 Statutory Annual Statement as filed with the IDOI.

Captions that represented amounts that were not applicable to the Company were omitted from the schedules.

This accompanying note is an integral part of these supplemental schedules