# EDGAR Filing Document

**Accession Number:** 0000928407
**File Stem:** 0001133228-23-001441
**Filing Date:** 2023-3
**Character Count:** 172738
**Document Hash:** b4c7e1ffb280aac7b7c5a7945e54cfcc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-23-001441.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001133228-23-001441

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**EFFECTIVENESS DATE**: 20230323

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** C M MULTI ACCOUNT A
- **CENTRAL INDEX KEY:** 0000928407
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08698
- **FILM NUMBER:** 23756471

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BRIGHT MEADOW BOULEVARD
- **CITY:** ENFIELD
- **STATE:** CT
- **ZIP:** 06082
- **BUSINESS PHONE:** 8605622420

**MAIL ADDRESS:**
- **STREET 1:** 1295 STATE STREET
- **STREET 2:** M243
- **CITY:** SPRINGFIELD
- **STATE:** MA
- **ZIP:** 01111

## Series and Classes Contracts Data

### C M MULTI ACCOUNT A (Series ID: S000007814)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000021288 | Panorama Passage |  |

![](img001.jpg)

KPMG LLP

Two Financial Center

60 South Street

Boston, MA 02111

<sub> </sub>

**Report of Independent Registered Public Accounting Firm**

The Board of Directors of C.M. Life Insurance Company and Contract Owners of C.M. Multi-Account A:

*Opinion on the Financial Statements*

 

We have audited the accompanying statements of assets and liabilities of the sub-accounts listed in Appendix A that comprise C.M. Multi-Account A (collectively, the "Separate Account"), as of December 31, 2022, the related statements of operations and changes in net assets for each of the years in the two-year period then ended (or for the period indicated in Appendix A), and the related notes including the financial highlights in Note 8 for each of the years or periods in the five-year period then ended (collectively, the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each sub-account as of December 31, 2022, and the results of their operations and changes in net assets for each of the years in the two-year period then ended (or for the period indicated in Appendix A), and the financial highlights for each of the years or periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

*Basis for Opinion*

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2022, by correspondence with the underlying mutual funds or their transfer agent. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the MassMutual Separate Accounts' auditor since 2004.

Boston, Massachusetts

March 8, 2023

KPMG LLP, a Delaware limited liability partnership and a member firm of

the KPMG global organization of independent member firms affiliated with

KPMG International Limited, a private English company limited by guarantee.

**Appendix A**

C.M. Multi-Account A was comprised of the following sub-accounts of as December 31, 2022. Statements of assets and liabilities as of December 31, 2022, statements of operations and changes in net assets for each of the years in the two-year period ended December 31, 2022 unless otherwise noted.

---

| | |
|:---|:---|
| **Sub-Accounts** |  |
| Fidelity® VIP Contrafund® Sub-Account | &nbsp;&nbsp;&nbsp;MML Fundamental Equity Sub-Account |
| Invesco Oppenheimer V.I. International Growth Sub-Account | &nbsp;&nbsp;&nbsp;MML Fundamental Value Sub-Account |
| Invesco V.I. Capital Appreciation Sub-Account | &nbsp;&nbsp;&nbsp;MML Global Sub-Account |
| Invesco V.I. Conservative Balanced Sub-Account | &nbsp;&nbsp;&nbsp;MML Growth Allocation Sub-Account |
| Invesco V.I. Core Plus Bond Sub-Account\* | &nbsp;&nbsp;&nbsp;MML High Yield Sub-Account |
| Invesco V.I. Discovery Mid Cap Growth Sub-Account | &nbsp;&nbsp;&nbsp;MML Income & Growth Sub-Account |
| Invesco V.I. Diversified Dividend Sub-Account | &nbsp;&nbsp;&nbsp;MML Inflation- Protected and Income Sub-Account |
| Invesco V.I. Global Strategic Income Sub-Account | &nbsp;&nbsp;&nbsp;MML International Equity Sub-Account |
| Invesco V.I. Global Sub-Account | &nbsp;&nbsp;&nbsp;MML Large Cap Growth Sub-Account |
| Invesco V.I. Health Care Sub-Account | &nbsp;&nbsp;&nbsp;MML Managed Bond Sub-Account (Initial Class) |
| Invesco V.I. Main Street Sub-Account | &nbsp;&nbsp;&nbsp;MML Managed Bond Sub-Account (Service Class) |
| Invesco V.I. Technology Sub-Account | &nbsp;&nbsp;&nbsp;MML Managed Volatility Sub-Account |
| Invesco V.I. U.S. Government Money Sub-Account | &nbsp;&nbsp;&nbsp;MML Mid Cap Growth Sub-Account |
| MML Aggressive Allocation Sub-Account | &nbsp;&nbsp;&nbsp;MML Mid Cap Value Sub-Account |
| MML American Funds Core Allocation Sub-Account | &nbsp;&nbsp;&nbsp;MML Moderate Allocation Sub-Account |
| MML American Funds Growth Sub-Account | &nbsp;&nbsp;&nbsp;MML Short-Duration Bond Sub-Account |
| MML Balanced Allocation Sub-Account | &nbsp;&nbsp;&nbsp;MML Small Cap Equity Sub-Account |
| MML Blend Sub-Account | &nbsp;&nbsp;&nbsp;MML Small Cap Growth Equity Sub-Account |
| MML Blue Chip Growth Sub-Account | &nbsp;&nbsp;&nbsp;MML Small Company Value Sub-Account |
| MML Conservative Allocation Sub-Account | &nbsp;&nbsp;&nbsp;MML Small/Mid Cap Value Sub-Account |
| MML Equity Sub-Account | &nbsp;&nbsp;&nbsp;MML Strategic Emerging Markets Sub-Account |
| MML Equity Income Sub-Account | &nbsp;&nbsp;&nbsp;MML Sustainable Equity Sub-Account\* |
| MML Equity Index Sub-Account | &nbsp;&nbsp;&nbsp;MML Total Return Bond Sub-Account |
| MML Focused Equity Sub-Account | &nbsp;&nbsp;&nbsp;MML U.S. Government Money Market Sub-Account |
| MML Foreign Sub-Account | &nbsp;&nbsp;&nbsp;PIMCO Commodity-RealReturn® Strategy Sub-Account |
|  | &nbsp;&nbsp;&nbsp;VY® CBRE Global Real Estate Sub-Account\* |

---

\* See Note 2 to the financial statements for the previous name of this sub-account.

Statements of operations and changes in net assets for the period January 1, 2022 to November 4, 2022 (liquidation) and for the year ended December 31, 2021.

MML American Funds International Sub-Account

***C.M. Multi-Account A***

 ****

*STATEMENTS OF ASSETS AND LIABILITIES*

***December 31, 2022***

 ****

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Fidelity®**<br> **VIP**<br>**Contrafund®**<br>**Sub-Account** | **Invesco**<br>**Oppenheimer V.I.**<br>**International**<br>**Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Capital**<br>**Appreciation**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Conservative**<br>**Balanced**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Core Plus Bond**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Discovery**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Diversified**<br>**Dividend**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Global Strategic**<br>**Income**<br>**Sub-Account** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Investments |  |  |  |  |  |  |  |  |
| Number of shares | 2164002 | 8251933 | 1045272 | 633147 | 594829 | 463410 | 126485 | 5654557 |
| Identified cost | $78018983 | $18351922 | $50657066 | $9160027 | $3978992 | $34480907 | $3286657 | $27918705 |
| Value | $81972404 | $13863249 | $36344111 | $8813402 | $3307250 | $25723887 | $3160872 | $22278956 |
| Dividends receivable |  |  |  |  |  |  |  |  |
| Receivable from C.M. Life Insurance Company | 13684 | 144 | - | 566 | - | - | - | - |
| **Total assets** | **81986088** | **13863393** | **36344111** | **8813968** | **3307250** | **25723887** | **3160872** | **22278956** |
| **LIABILITIES** |  |  |  |  |  |  |  |  |
| Payable to fund Annuitant mortality fluctuation reserve | 3437 | 1043 | 8706 | 3302 | 4328 | 4646 |  | 3865 |
| Payable to C.M. Life Insurance Company | - | - | 142 | - | 77 | 86 | 5 | 98 |
| **Total liabilities** | **3437** | **1043** | **8848** | **3302** | **4405** | **4732** | **5** | **3963** |
| **NET ASSETS** | $**81982651** | $**13862350** | $**36335263** | $**8810666** | $**3302845** | $**25719155** | $**3160867** | $**22274993** |
| **Net Assets:** |  |  |  |  |  |  |  |  |
| Accumulation units - value | $81854285 | $13811377 | $36041684 | $8700609 | $3158566 | $25564375 | $3160867 | $22128201 |
| Contracts in payout (annuitization) period | 128366 | 50973 | 293579 | 110057 | 144279 | 154780 | - | 146792 |
| **Net assets** | $**81982651** | $**13862350** | $**36335263** | $**8810666** | $**3302845** | $**25719155** | $**3160867** | $**22274993** |
| **Outstanding units** |  |  |  |  |  |  |  |  |
| Contract owners | **1770324** | **625287** | **1395741** | **538086** | **241891** | **1308273** | **203141** | **1157751** |
| **UNIT VALUE** |  |  |  |  |  |  |  |  |
| Panorama Premier | $57.99 | $34.32 | $29.44 | $16.23 | $13.65 | $26.49 | $16.10 | $19.12 |
| Panorama Passage® |  |  |  |  |  |  |  |  |
| Tier 1 | 43.30 | 22.02 | 29.35 | 15.90 |  | 26.04 | 15.77 | 18.63 |
| Tier 2 | 41.96 | 21.34 | 28.44 | 15.41 |  | 25.23 | 15.28 | 18.05 |
| Tier 3 | 45.89 | 23.34 | 31.11 | 16.83 |  | 27.59 | 16.69 | 19.75 |
| Tier 4 | 43.60 | 22.17 | 29.56 | 15.99 |  | 26.22 | 15.86 | 18.76 |
| MassMutual Artistry | 39.54 | 16.55 | 21.78 | 16.52 |  | 14.78 | 14.71 | 19.16 |

---

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF ASSETS AND LIABILITIES (Continued)*

***December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Invesco V.I.**<br>**Global**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Health Care**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Main Street**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Technology**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**U.S. Government**<br>**Money**<br>**Sub-Account** |<br>**MML**<br>**Aggressive**<br>**Allocation**<br>**Sub-Account** | **MML**<br>**American**<br>**Funds**<br>**Core Allocation**<br>**Sub-Account** | **MML**<br>**American**<br>**Funds**<br>**Growth**<br>**Sub-Account** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Investments |  |  |  |  |  |  |  |  |
| Number of shares | 1906562 | 304708 | 2386506 | 299622 | 4453609 | 2828105 | 1108856 | 440670 |
| Identified cost | $72645479 | $8454595 | $54106536 | $6629387 | $4453609 | $27720978 | $13088413 | $6956957 |
| Value | $59294081 | $7663403 | $38470467 | $3772244 | $4453609 | $23360150 | $11509926 | $5354146 |
| Dividends receivable |  |  |  |  | 912 |  |  |  |
| Receivable from C.M. Life Insurance Company | 7546 | - | 466 | - | 22 | 3 | - | - |
| **Total assets** | **59301627** | **7663403** | **38470933** | **3772244** | **4454543** | **23360153** | **11509926** | **5354146** |
| **LIABILITIES** |  |  |  |  |  |  |  |  |
| Payable to fund Annuitant mortality fluctuation reserve | 10959 | 79 | 6514 | 834 | 383 |  |  |  |
| Payable to C.M. Life Insurance Company | - | 21 | - | 42 | - | - | 2 | - |
| **Total liabilities** | **10959** | **100** | **6514** | **876** | **383** | **-** | **2** | **-** |
| **NET ASSETS** | $**59290668** | $**7663303** | $**38464419** | $**3771368** | $**4454160** | $**23360153** | $**11509924** | $**5354146** |
| **Net Assets:** |  |  |  |  |  |  |  |  |
| Accumulation units - value | $58917474 | $7660669 | $38190136 | $3743577 | $4441387 | $23360153 | $11509924 | $5354146 |
| Contracts in payout (annuitization) period | 373194 | 2634 | 274283 | 27791 | 12773 | - | - | - |
| **Net assets** | $**59290668** | $**7663303** | $**38464419** | $**3771368** | $**4454160** | $**23360153** | $**11509924** | $**5354146** |
| **Outstanding units** |  |  |  |  |  |  |  |  |
| Contract owners | **1800117** | **232075** | **1414996** | **475023** | **412683** | **1051581** | **469342** | **106486** |
| **UNIT VALUE** |  |  |  |  |  |  |  |  |
| Panorama Premier | $39.65 | $34.25 | $27.24 | $7.93 | $11.68 | $21.52 | $- | $- |
| Panorama Passage® |  |  |  |  |  |  |  |  |
| Tier 1 | 38.97 | 33.56 | 27.62 | 7.77 | 10.00 | 21.24 |  |  |
| Tier 2 | 37.76 | 32.52 | 26.76 | 7.53 | 9.69 | 20.73 |  |  |
| Tier 3 | 41.30 | 35.52 | 29.27 | 8.23 | 10.60 | 22.04 |  |  |
| Tier 4 | 39.24 | 33.75 | 27.81 | 7.82 | 10.07 | 21.20 |  |  |
| MassMutual Artistry | 27.66 | 31.05 | 25.54 | 7.85 | 10.33 | 22.24 | 24.52 | 50.28 |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF ASSETS AND LIABILITIES (Continued)*

***December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**Balanced**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**Blend**<br>**Sub-Account** | **MML**<br>**Blue Chip**<br>**Growth**<br>**Sub-Account** | **MML**<br>**Conservative**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Equity Income**<br>**Sub-Account** | **MML**<br>**Equity**<br>**Index**<br>**Sub-Account** | **MML**<br>**Focused**<br>**Equity**<br>**Sub-Account** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Investments |  |  |  |  |  |  |  |  |
| Number of shares | 2427960 | 3175345 | 1954163 | 1860385 | 1088127 | 1799072 | 676011 | 132111 |
| Identified cost | $23779351 | $67374057 | $32057681 | $18215319 | $28604109 | $19256425 | $18715194 | $843534 |
| Value | $20054948 | $53418874 | $20909546 | $14976100 | $29119668 | $18170631 | $18069773 | $912885 |
| Dividends receivable |  |  |  |  |  |  |  |  |
| Receivable from C.M. Life Insurance Company | - | 1121 | - | - | - | - | - | - |
| **Total assets** | **20054948** | **53419995** | **20909546** | **14976100** | **29119668** | **18170631** | **18069773** | **912885** |
| **LIABILITIES** |  |  |  |  |  |  |  |  |
| Payable to fund Annuitant mortality fluctuation reserve |  | 12311 | 540 |  | 7058 | 223 | 1957 |  |
| Payable to C.M. Life Insurance Company | 3 | - | 28 | 5 | 139 | 22 | 46 | 18 |
| **Total liabilities** | **3** | **12311** | **568** | **5** | **7197** | **245** | **2003** | **18** |
| **NET ASSETS** | $**20054945** | $**53407684** | $**20908978** | $**14976095** | $**29112471** | $**18170386** | $**18067770** | $**912867** |
| **Net Assets:** |  |  |  |  |  |  |  |  |
| Accumulation units - value | $19887733 | $52992133 | $20890964 | $14857189 | $28877220 | $18136286 | $18002524 | $912867 |
| Contracts in payout (annuitization) period | 167212 | 415551 | 18014 | 118906 | 235251 | 34100 | 65246 | - |
| **Net assets** | $**20054945** | $**53407684** | $**20908978** | $**14976095** | $**29112471** | $**18170386** | $**18067770** | $**912867** |
| **Outstanding units** |  |  |  |  |  |  |  |  |
| Contract owners | **1163462** | **2117617** | **465455** | **913423** | **1147772** | **475610** | **620659** | **29349** |
| **UNIT VALUE** |  |  |  |  |  |  |  |  |
| Panorama Premier | $16.83 | $23.58 | $43.82 | $15.99 | $22.49 | $37.17 | $28.78 | $30.66 |
| Panorama Passage® |  |  |  |  |  |  |  |  |
| Tier 1 | 16.61 | 24.87 | 43.05 | 15.78 | 24.89 | 36.52 | 29.80 | 30.37 |
| Tier 2 | 16.22 | 24.10 | 41.72 | 15.40 | 24.12 | 35.38 | 28.87 | 29.86 |
| Tier 3 | 17.24 | 26.36 | 45.22 | 16.38 | 26.38 | 38.36 | 31.58 | 31.19 |
| Tier 4 | 16.58 | 25.05 | 42.97 | 15.75 | 25.07 | 36.44 | 30.01 | 30.34 |
| MassMutual Artistry | 17.39 | 26.16 | 45.76 | 16.52 | 27.02 | 38.81 | 27.52 | 31.39 |

---

 

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF ASSETS AND LIABILITIES (Continued)*

***December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**MML**<br>**Foreign**<br>**Sub-Account** |<br>**MML**<br>**Fundamental**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Fundamental**<br>**Value**<br>**Sub-Account** |<br>**MML**<br>**Global**<br>**Sub-Account** |<br>**MML**<br>**Growth**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**High Yield**<br>**Sub-Account** |<br>**MML**<br>**Income**<br>**& Growth**<br>**Sub-Account** | **MML**<br>**Inflation-**<br>**Protected**<br>**and Income**<br>**Sub-Account** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Investments |  |  |  |  |  |  |  |  |
| Number of shares | 821217 | 118662 | 125586 | 2479792 | 6751518 | 332909 | 2062600 | 941581 |
| Identified cost | $7828614 | $1149862 | $1521993 | $17214426 | $60622440 | $3184096 | $21453096 | $9717328 |
| Value | $6832526 | $940994 | $1394002 | $10712701 | $49826205 | $2686574 | $22317333 | $8163503 |
| Dividends receivable |  |  |  |  |  |  |  |  |
| Receivable from C.M. Life Insurance Company | - | - | - | - | - | 6 | - | 4 |
| **Total assets** | **6832526** | **940994** | **1394002** | **10712701** | **49826205** | **2686580** | **22317333** | **8163507** |
| **LIABILITIES** |  |  |  |  |  |  |  |  |
| Payable to fund Annuitant mortality fluctuation reserve | 1414 |  |  | 521 |  |  | 1777 | 905 |
| Payable to C.M. Life Insurance Company | 39 | 8 | 8 | 148 | 14 | - | 31 | - |
| **Total liabilities** | **1453** | **8** | **8** | **669** | **14** | **-** | **1808** | **905** |
| **NET ASSETS** | $**6831073** | $**940986** | $**1393994** | $**10712032** | $**49826191** | $**2686580** | $**22315525** | $**8162602** |
| **Net Assets:** |  |  |  |  |  |  |  |  |
| Accumulation units - value | $6783933 | $940986 | $1393994 | $10694673 | $49826191 | $2686580 | $22256277 | $8129191 |
| Contracts in payout (annuitization) period | 47140 | - | - | 17359 | - | - | 59248 | 33411 |
| **Net assets** | $**6831073** | $**940986** | $**1393994** | $**10712032** | $**49826191** | $**2686580** | $**22315525** | $**8162602** |
| **Outstanding units** |  |  |  |  |  |  |  |  |
| Contract owners | **486450** | **33095** | **61358** | **608358** | **2441861** | **160734** | **775986** | **561291** |
| **UNIT VALUE** |  |  |  |  |  |  |  |  |
| Panorama Premier | $14.29 | $27.87 | $22.34 | $18.67 | $19.79 | $16.42 | $33.14 | $14.16 |
| Panorama Passage® |  |  |  |  |  |  |  |  |
| Tier 1 | 14.35 | 27.61 | 22.12 | 18.04 | 19.52 | 16.23 | 25.45 | 13.92 |
| Tier 2 | 13.91 | 27.14 | 21.75 | 17.48 | 19.06 | 15.91 | 24.66 | 13.49 |
| Tier 3 | 15.21 | 28.35 | 22.72 | 19.12 | 20.26 | 16.75 | 26.98 | 14.62 |
| Tier 4 | 14.45 | 27.58 | 22.10 | 18.16 | 19.49 | 16.21 | 25.63 | 13.89 |
| MassMutual Artistry | 13.58 | 28.53 | 22.87 | 13.47 | 20.45 | 16.88 | 24.33 | 14.79 |

---

 

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENT OF ASSETS AND LIABILITIES (Continued)*

***December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**International**<br>**Equity**<br>**Sub-Account** | **MML**<br>**Large Cap**<br>**Growth**<br>**Sub-Account** | **MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** | **MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** | **MML**<br>**Managed**<br>**Volatility**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Value**<br>**Sub-Account** | **MML**<br>**Moderate**<br>**Allocation**<br>**Sub-Account** |
|  | | | **(Initial Class)** | **(Service Class)** | | | | |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Investments |  |  |  |  |  |  |  |  |
| Number of shares | 30301 | 1341468 | 1668146 | 185792 | 562286 | 7089170 | 4487157 | 5757099 |
| Identified cost | $270292 | $14794923 | $20982031 | $2339595 | $7062633 | $96775108 | $45872691 | $59369379 |
| Value | $263012 | $13159798 | $17681358 | $1960510 | $7493525 | $62313802 | $41147228 | $49453481 |
| Dividends receivable |  |  |  |  |  |  |  |  |
| Receivable from C.M. Life Insurance Company | 2 | - | - | - | - | 7977 | - | - |
| **Total assets** | **263014** | **13159798** | **17681358** | **1960510** | **7493525** | **62321779** | **41147228** | **49453481** |
| **LIABILITIES** |  |  |  |  |  |  |  |  |
| Payable to fund Annuitant mortality fluctuation reserve |  | 5431 | 331 |  | 3503 | 10609 | 12883 |  |
| Payable to C.M. Life Insurance Company | - | 105 | 12 | - | 77 | - | 259 | 5 |
| **Total liabilities** | **-** | **5536** | **343** | **-** | **3580** | **10609** | **13142** | **5** |
| **NET ASSETS** | $**263014** | $**13154262** | $**17681015** | $**1960510** | $**7489945** | $**62311170** | $**41134086** | $**49453476** |
| **Net Assets:** |  |  |  |  |  |  |  |  |
| Accumulation units - value | $263014 | $12931457 | $17654402 | $1960510 | $7334307 | $61949327 | $40704669 | $49317737 |
| Contracts in payout (annuitization) period | - | 222805 | 26613 | - | 155638 | 361843 | 429417 | 135739 |
| **Net assets** | $**263014** | $**13154262** | $**17681015** | $**1960510** | $**7489945** | $**62311170** | $**41134086** | $**49453476** |
| **Outstanding units** |  |  |  |  |  |  |  |  |
| Contract owners | **25296** | **589822** | **953932** | **165674** | **464736** | **934023** | **709587** | **2677267** |
| **UNIT VALUE** |  |  |  |  |  |  |  |  |
| Panorama Premier | $- | $23.48 | $- | $11.83 | $15.70 | $85.24 | $53.55 | $17.97 |
| Panorama Passage® |  |  |  |  |  |  |  |  |
| Tier 1 |  | 23.63 | 17.94 |  | 15.38 | 63.01 | 56.60 | 17.73 |
| Tier 2 |  | 22.90 | 17.39 |  | 14.91 | 61.06 | 54.84 | 17.31 |
| Tier 3 |  | 25.04 | 19.01 |  | 16.28 | 66.78 | 59.98 | 18.40 |
| Tier 4 |  | 23.79 | 18.07 |  | 15.47 | 63.45 | 56.99 | 17.70 |
| MassMutual Artistry | 10.40 | 19.44 | 18.30 |  | 16.36 | 51.28 | 60.96 | 18.57 |

---

 

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENT OF ASSETS AND LIABILITIES (Continued)*

***December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**MML**<br>**Short-Duration**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Small Cap**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Small Cap**<br>**Growth Equity**<br>**Sub-Account** |<br>**MML**<br>**Small**<br>**Company Value**<br>**Sub-Account** |<br>**MML**<br>**Small/Mid Cap**<br>**Value**<br>**Sub-Account** | **MML**<br>**Strategic**<br>**Emerging**<br>**Markets**<br>**Sub-Account** |<br>**MML**<br>**Sustainable**<br>**Equity**<br>**Sub-Account** | **MML**<br>**Total**<br>**Return**<br>**Bond**<br>**Sub-Account** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Investments |  |  |  |  |  |  |  |  |
| Number of shares | 232139 | 1875132 | 1350850 | 126670 | 1199076 | 183920 | 1570302 | 233276 |
| Identified cost | $2191870 | $17482259 | $16854356 | $1316025 | $12889953 | $1574771 | $22353523 | $2500877 |
| Value | $2001041 | $17608418 | $11377921 | $858825 | $10647793 | $884656 | $27087716 | $2020171 |
| Dividends receivable |  |  |  |  |  |  |  |  |
| Receivable from C.M. Life Insurance Company | - | - | - | 1 | - | - | 173 | - |
| **Total assets** | **2001041** | **17608418** | **11377921** | **858826** | **10647793** | **884656** | **27087889** | **2020171** |
| **LIABILITIES** |  |  |  |  |  |  |  |  |
| Payable to fund Annuitant mortality fluctuation reserve | 37 | 385 | 3262 |  | 408 |  | 1915 |  |
| Payable to C.M. Life Insurance Company | 16 | 19 | 69 | - | 19 | - | - | 12 |
| **Total liabilities** | **53** | **404** | **3331** | **-** | **427** | **-** | **1915** | **12** |
| **NET ASSETS** | $**2000988** | $**17608014** | $**11374590** | $**858826** | $**10647366** | $**884656** | $**27085974** | $**2020159** |
| **Net Assets:** |  |  |  |  |  |  |  |  |
| Accumulation units - value | $1999762 | $17564328 | $11265867 | $858826 | $10633760 | $884656 | $27022129 | $2014511 |
| Contracts in payout (annuitization) period | 1226 | 43686 | 108723 | - | 13606 | - | 63845 | 5648 |
| **Net assets** | $**2000988** | $**17608014** | $**11374590** | $**858826** | $**10647366** | $**884656** | $**27085974** | $**2020159** |
| **Outstanding units** |  |  |  |  |  |  |  |  |
| Contract owners | **200603** | **403547** | **288359** | **24694** | **252726** | **71106** | **711380** | **207352** |
| **UNIT VALUE** |  |  |  |  |  |  |  |  |
| Panorama Premier | $9.84 | $46.84 | $49.08 | $- | $40.82 | $- | $37.10 | $9.60 |
| Panorama Passage® |  |  |  |  |  |  |  |  |
| Tier 1 | 9.73 | 42.09 | 43.25 |  | 40.11 |  | 36.45 | 9.51 |
| Tier 2 | 9.54 | 40.78 | 41.91 |  | 38.86 |  | 35.32 | 9.35 |
| Tier 3 | 10.05 | 44.61 | 45.84 |  | 42.13 |  | 38.28 | 9.77 |
| Tier 4 | 9.72 | 42.38 | 43.55 |  | 40.03 |  | 36.37 | 9.50 |
| MassMutual Artistry | 10.12 | 41.00 | 31.17 | 34.78 | 42.63 | 12.44 | 38.74 | 9.83 |

---

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENT OF ASSETS AND LIABILITIES (Continued)*

***December 31, 2022***

---

| | | | |
|:---|:---|:---|:---|
|  |<br>**MML U.S.**<br>**Government**<br>**Money Market**<br>**Sub-Account** | **PIMCO**<br>**Commodity-**<br>**RealReturn®**<br>**Strategy**<br>**Sub-Account** | **VY®**<br>**CBRE**<br>**Global**<br>**Real Estate**<br>**Sub-Account** |
| **ASSETS** |  |  |  |
| Investments |  |  |  |
| Number of shares | 20174036 | 304307 | 173334 |
| Identified cost | $20174040 | $2500070 | $1923425 |
| Value | $20174037 | $2133194 | $1624137 |
| Dividends receivable |  |  |  |
| Receivable from C.M. Life Insurance Company | 28 | - | - |
| **Total assets** | **20174065** | **2133194** | **1624137** |
| **LIABILITIES** |  |  |  |
| Payable to fund Annuitant mortality fluctuation reserve | 7265 | 18 |  |
| Payable to C.M. Life Insurance Company | 1 | 22 | 26 |
| **Total liabilities** | **7266** | **40** | **26** |
| **NET ASSETS** | $**20166799** | $**2133154** | $**1624111** |
| **Net Assets:** |  |  |  |
| Accumulation units - value | $19924596 | $2130626 | $1624111 |
| Contracts in payout (annuitization) period | 242203 | 2528 | - |
| **Net assets** | $**20166799** | $**2133154** | $**1624111** |
| **Outstanding units** |  |  |  |
| Contract owners | **2276959** | **278210** | **105824** |
| **UNIT VALUE** |  |  |  |
| Panorama Premier | $8.69 | $7.52 | $15.07 |
| Panorama Passage® |  |  |  |
| Tier 1 | 8.57 | 7.41 | 14.85 |
| Tier 2 | 8.37 | 7.21 | 14.46 |
| Tier 3 | 8.90 | 7.72 | 15.48 |
| Tier 4 | 8.56 | 7.39 | 14.82 |
| MassMutual Artistry | 8.98 | 7.80 | 15.64 |

---

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS* 

***For The Year Ended December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Fidelity®**<br> **VIP**<br>**Contrafund®**<br>**Sub-Account** | **Invesco**<br>**Oppenheimer V.I.**<br>**International**<br>**Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Capital**<br>**Appreciation**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Conservative**<br>**Balanced**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Core Plus Bond**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Discovery**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Diversified**<br>**Dividend**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Global Strategic**<br>**Income**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $463132 | $- | $- | $133832 | $148779 | $- | $61135 | $- |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 1187510 | 195685 | 549471 | 132990 | 49804 | 372483 | 40669 | 301733 |
| **Net investment income (loss)** | **(724378)** | **(195685)** | **(549471)** | **842** | **98975** | **(372483)** | **20466** | **(301733)** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | 3338238 | 127422 | 265737 | 334710 | (46485) | 248060 | 18785 | (1240248) |
| Realized gain distribution | 4425765 | 2788653 | 14802840 | 729263 | 2209 | 8001950 | 401078 | - |
| Realized gain (loss) | 7764003 | 2916075 | 15068577 | 1063973 | (44276) | 8250010 | 419863 | (1240248) |
| Change in net unrealized appreciation/depreciation of investments | (39960390) | (8587164) | (32429192) | (3185523) | (701432) | (20644364) | (545617) | (1995779) |
| **Net gain (loss) on investments** | **(32196387)** | **(5671089)** | **(17360615)** | **(2121550)** | **(745708)** | **(12394354)** | **(125754)** | **(3236027)** |
| **Net increase (decrease) in net assets resulting from operations** | **(32920765)** | **(5866774)** | **(17910086)** | **(2120708)** | **(646733)** | **(12766837)** | **(105288)** | **(3537760)** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 1132716 | 1214847 | 304993 | 15073 |  | 164062 | 54124 | 326095 |
| Transfers due to death benefits | (840353) | (258218) | (603193) | (330872) | (119551) | (173167) | (36215) | (231682) |
| Transfers due to annuity benefit payments | (17731) | (5431) | (32058) | (16038) | (14187) | (18807) |  | (17490) |
| Transfers due to withdrawal of funds | (8336023) | (1362830) | (3743404) | (836311) | (300294) | (1866032) | (248275) | (2218821) |
| Transfers due to loans, net of repayments | 11741 | 23053 | 23892 | 5018 |  | 12526 | 4501 | 3875 |
| Transfers due to rider and contingent deferred sales charges | (8748) | (466) | (2328) | (571) | (389) | (1366) | (327) | (1794) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | 4937 | 1069 | 4769 | 582 | 3027 | 5061 |  | 2934 |
| Transfers between Sub-Accounts and to/from General Account | (1208758) | (726301) | (572610) | (74058) | (42582) | (34845) | 82425 | (644994) |
| Net increase (decrease) in net assets resulting from capital transactions | (9262219) | (1114277) | (4619939) | (1237177) | (473976) | (1912568) | (143767) | (2781877) |
| **Total increase (decrease)** | **(42182984)** | **(6981051)** | **(22530025)** | **(3357885)** | **(1120709)** | **(14679405)** | **(249055)** | **(6319637)** |
| **NET ASSETS, at beginning of the year** | **124165635** | **20843401** | **58865288** | **12168551** | **4423554** | **40398560** | **3409922** | **28594630** |
| **NET ASSETS, at end of the year** | $**81982651** | $**13862350** | $**36335263** | $**8810666** | $**3302845** | $**25719155** | $**3160867** | $**22274993** |

---

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Invesco V.I.**<br>**Global**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Health Care**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Main Street**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Technology**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**U.S. Government**<br>**Money**<br>**Sub-Account** |<br>**MML**<br>**Aggressive**<br>**Allocation**<br>**Sub-Account** | **MML**<br>**American**<br>**Funds**<br>**Core Allocation**<br>**Sub-Account** | **MML**<br>**American**<br>**Funds**<br>**Growth**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $- | $- | $634367 | $- | $56993 | $530606 | $257759 | $26185 |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 857587 | 100301 | 566904 | 60841 | 56679 | 306785 | 142723 | 72625 |
| **Net investment income (loss)** | **(857587)** | **(100301)** | **67463** | **(60841)** | **314** | **223821** | **115036** | **(46440)** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | 1855052 | (149681) | (942315) | 57958 |  | (499142) | (89749) | 160858 |
| Realized gain distribution | 11566102 | 1089177 | 16350951 | 1766899 | - | 3592574 | 798825 | 1344652 |
| Realized gain (loss) | 13421154 | 939496 | 15408636 | 1824857 | - | 3093432 | 709076 | 1505510 |
| Change in net unrealized appreciation/depreciation of investments | (43249191) | (2249170) | (26727344) | (4505680) | - | (8517213) | (2871750) | (3908628) |
| **Net gain (loss) on investments** | **(29828037)** | **(1309674)** | **(11318708)** | **(2680823)** | **-** | **(5423781)** | **(2162674)** | **(2403118)** |
| **Net increase (decrease) in net assets resulting from operations** | **(30685624)** | **(1409975)** | **(11251245)** | **(2741664)** | **314** | **(5199960)** | **(2047638)** | **(2449558)** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 723360 | 120096 | 142182 | 70175 | 46227 | 783724 | 542996 | 226347 |
| Transfers due to death benefits | (356517) | (128380) | (547465) | (81467) | (81833) | (452885) |  |  |
| Transfers due to annuity benefit payments | (44777) | (737) | (36675) | (4956) | (2757) |  |  |  |
| Transfers due to withdrawal of funds | (6520562) | (614949) | (3837936) | (373256) | (468012) | (2619386) | (1180525) | (741757) |
| Transfers due to loans, net of repayments | 31807 | 472 | 15873 | 2113 | 8292 | 40827 | (14156) | (60) |
| Transfers due to rider and contingent deferred sales charges | (3527) | (515) | (1947) | (280) | (389) | (136) |  |  |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | 12843 | 18 | 6483 | 360 | 50 |  |  |  |
| Transfers between Sub-Accounts and to/from General Account | 585730 | (109355) | (450534) | 52288 | 291231 | (902580) | (40198) | 226264 |
| Net increase (decrease) in net assets resulting from capital transactions | (5571643) | (733350) | (4710019) | (335023) | (207191) | (3150436) | (691883) | (289206) |
| **Total increase (decrease)** | **(36257267)** | **(2143325)** | **(15961264)** | **(3076687)** | **(206877)** | **(8350396)** | **(2739521)** | **(2738764)** |
| **NET ASSETS, at beginning of the year** | **95547935** | **9806628** | **54425683** | **6848055** | **4661037** | **31710549** | **14249445** | **8092910** |
| **NET ASSETS, at end of the year** | $**59290668** | $**7663303** | $**38464419** | $**3771368** | $**4454160** | $**23360153** | $**11509924** | $**5354146** |

---

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**American**<br>**Funds**<br>**International**<br>**Sub-Account** |<br>**MML**<br>**Balanced**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**Blend**<br>**Sub-Account** |<br>**MML**<br>**Blue Chip**<br>**Growth**<br>**Sub-Account** |<br>**MML**<br>**Conservative**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Equity Income**<br>**Sub-Account** |<br>**MML**<br>**Equity**<br>**Index**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $257812 | $798528 | $809466 | $- | $634429 | $494439 | $336133 | $203580 |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 15123 | 271056 | 749131 | 326680 | 198302 | 380174 | 238730 | 256370 |
| **Net investment income (loss)** | **242689** | **527472** | **60335** | **(326680)** | **436127** | **114265** | **97403** | **(52790)** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | (687596) | (320911) | (1759302) | 67327 | (198508) | 844341 | (3363) | 652323 |
| Realized gain distribution | 33269 | 1555939 | 1083926 | 4678600 | 1337230 | 3305084 | 2623280 | 1197594 |
| Realized gain (loss) | (654327) | 1235028 | (675376) | 4745927 | 1138722 | 4149425 | 2619917 | 1849917 |
| Change in net unrealized appreciation/depreciation of investments | (68288) | (5765077) | (11649927) | (18964223) | (4508371) | (6281791) | (3679318) | (6393690) |
| **Net gain (loss) on investments** | **(722615)** | **(4530049)** | **(12325303)** | **(14218296)** | **(3369649)** | **(2132366)** | **(1059401)** | **(4543773)** |
| **Net increase (decrease) in net assets resulting from operations** | **(479926)** | **(4002577)** | **(12264968)** | **(14544976)** | **(2933522)** | **(2018101)** | **(961998)** | **(4596563)** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 53615 | 461063 | 682099 | 433307 | 420688 | 175702 | 213676 | 180922 |
| Transfers due to death benefits |  | (371705) | (829326) | (147398) | (7542) | (220552) | (101832) | (289638) |
| Transfers due to annuity benefit payments |  | (18805) | (50804) | (3119) | (13693) | (22862) | (5142) | (8393) |
| Transfers due to withdrawal of funds | (204731) | (1630007) | (5042400) | (1957859) | (1331196) | (2181712) | (1611389) | (1398255) |
| Transfers due to loans, net of repayments | (5579) | 35920 | 15231 | 11236 | 15945 | (10979) | (1151) | 793 |
| Transfers due to rider and contingent deferred sales charges |  | (491) | (1616) | (1659) | (32) | (919) | (1067) | (313) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation |  | 1615 | 7826 | 985 | 3567 | 4455 | 557 | 2672 |
| Transfers between Sub-Accounts and to/from General Account | (1307975) | 106299 | (444316) | 318052 | 161977 | (635056) | 228362 | 238915 |
| Net increase (decrease) in net assets resulting from capital transactions | (1464670) | (1416111) | (5663306) | (1346455) | (750286) | (2891923) | (1277986) | (1273297) |
| **Total increase (decrease)** | **(1944596)** | **(5418688)** | **(17928274)** | **(15891431)** | **(3683808)** | **(4910024)** | **(2239984)** | **(5869860)** |
| **NET ASSETS, at beginning of the year** | **1944596** | **25473633** | **71335958** | **36800409** | **18659903** | **34022495** | **20410370** | **23937630** |
| **NET ASSETS, at end of the year** | $**-** | $**20054945** | $**53407684** | $**20908978** | $**14976095** | $**29112471** | $**18170386** | $**18067770** |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**Focused**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Foreign**<br>**Sub-Account** | **MML**<br>**Fundamental**<br>**Equity**<br>**Sub-Account** | **MML**<br>**Fundamental**<br>**Value**<br>**Sub-Account** |<br>**MML**<br>**Global**<br>**Sub-Account** | **MML**<br>**Growth**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**High Yield**<br>**Sub-Account** | **MML**<br>**Income**<br>**& Growth**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $5580 | $278532 | $3715 | $11969 | $190700 | $1427127 | $211631 | $333021 |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 10691 | 91258 | 12512 | 18011 | 152580 | 638443 | 35335 | 299840 |
| **Net investment income (loss)** | **(5111)** | **187274** | **(8797)** | **(6042)** | **38120** | **788684** | **176296** | **33181** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | (1608) | (61872) | (36514) | (4993) | (215902) | (1568932) | (46290) | 219798 |
| Realized gain distribution | 70781 | 518853 | 174082 | 257158 | 7177943 | 5898182 | - | 2535108 |
| Realized gain (loss) | 69173 | 456981 | 137568 | 252165 | 6962041 | 4329250 | (46290) | 2754906 |
| Change in net unrealized appreciation/depreciation of investments | (117750) | (2013444) | (389708) | (330845) | (9660766) | (15322267) | (544182) | (3234976) |
| **Net gain (loss) on investments** | **(48577)** | **(1556463)** | **(252140)** | **(78680)** | **(2698725)** | **(10993017)** | **(590472)** | **(480070)** |
| **Net increase (decrease) in net assets resulting from operations** | **(53688)** | **(1369189)** | **(260937)** | **(84722)** | **(2660605)** | **(10204333)** | **(414176)** | **(446889)** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 13587 | 97875 | 34467 | 35257 | 67219 | 1699780 | 108469 | 125326 |
| Transfers due to death benefits |  | (31368) |  | (23974) | (141456) | (289236) | (18354) | (502526) |
| Transfers due to annuity benefit payments |  | (4879) |  |  | (2249) |  |  | (5666) |
| Transfers due to withdrawal of funds | (21870) | (810364) | (34754) | (122201) | (946665) | (4900522) | (208521) | (2167273) |
| Transfers due to loans, net of repayments | (295) | 2246 | (344) | 5 | 9034 | 66790 | (1519) | 15487 |
| Transfers due to rider and contingent deferred sales charges |  | (639) | (20) | (6) | (589) | (132) | (182) | (1282) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation |  | 927 |  |  | (282) |  |  | 777 |
| Transfers between Sub-Accounts and to/from General Account | 80725 | 97170 | 35270 | 53366 | 21315 | (116541) | (28846) | (632242) |
| Net increase (decrease) in net assets resulting from capital transactions | 72147 | (649032) | 34619 | (57553) | (993673) | (3539861) | (148953) | (3167399) |
| **Total increase (decrease)** | **18459** | **(2018221)** | **(226318)** | **(142275)** | **(3654278)** | **(13744194)** | **(563129)** | **(3614288)** |
| **NET ASSETS, at beginning of the year** | **894408** | **8849294** | **1167304** | **1536269** | **14366310** | **63570385** | **3249709** | **25929813** |
| **NET ASSETS, at end of the year** | $**912867** | $**6831073** | $**940986** | $**1393994** | $**10712032** | $**49826191** | $**2686580** | $**22315525** |

---

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**Inflation-**<br>**Protected**<br>**and Income**<br>**Sub-Account** |<br>**MML**<br>**International**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Large Cap**<br>**Growth**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Volatility**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Value**<br>**Sub-Account** |
|  |  |  |  | **(Initial Class)** | **(Service Class)** | | |  |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $238096 | $1206 | $- | $608826 | $60545 | $40352 | $- | $910168 |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administration charges | 114709 | 1867 | 193526 | 242901 | 29347 | 104491 | 892880 | 546893 |
| **Net investment income (loss)** | **123387** | **(661)** | **(193526)** | **365925** | **31198** | **(64139)** | **(892880)** | **363275** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | (95664) | (1177) | 83982 | (382060) | (30603) | 78118 | (2548385) | 6334 |
| Realized gain distribution | 669454 | 7335 | 1459688 | 203724 | 22539 | - | 19970929 | 10359907 |
| Realized gain (loss) | 573790 | 6158 | 1543670 | (178336) | (8064) | 78118 | 17422544 | 10366241 |
| Change in net unrealized appreciation/depreciation of investments | (2158463) | (24868) | (6859272) | (3890469) | (436822) | (1265322) | (40330294) | (11978455) |
| **Net gain (loss) on investments** | **(1584673)** | **(18710)** | **(5315602)** | **(4068805)** | **(444886)** | **(1187204)** | **(22907750)** | **(1612214)** |
| **Net increase (decrease) in net assets resulting from operations** | **(1461286)** | **(19371)** | **(5509128)** | **(3702880)** | **(413688)** | **(1251343)** | **(23800630)** | **(1248939)** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 147820 | 4784 | 98630 | 357989 | 9827 | 110132 | 530471 | 322679 |
| Transfers due to death benefits | (98426) |  | (166183) | (232011) | (18124) | (93010) | (898144) | (483534) |
| Transfers due to annuity benefit payments | (2957) |  | (25793) | (3152) |  | (16688) | (41730) | (37809) |
| Transfers due to withdrawal of funds | (942669) | (10276) | (1046481) | (2032425) | (153987) | (850834) | (6050043) | (4208190) |
| Transfers due to loans, net of repayments | 9543 | 170 | 4620 | 23633 |  | 13688 | 8594 | 33350 |
| Transfers due to rider and contingent deferred sales charges | (391) |  | (1217) | (2345) | (64) | (1213) | (2973) | (3770) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | (1453) |  | 7729 | 340 |  | 4555 | 9510 | (12903) |
| Transfers between Sub-Accounts and to/from General Account | (168366) | 143157 | (26163) | (829265) | (33292) | (274646) | (491482) | (1312909) |
| Net increase (decrease) in net assets resulting from capital transactions | (1056899) | 137835 | (1154858) | (2717236) | (195640) | (1108016) | (6935797) | (5703086) |
| **Total increase (decrease)** | **(2518185)** | **118464** | **(6663986)** | **(6420116)** | **(609328)** | **(2359359)** | **(30736427)** | **(6952025)** |
| **NET ASSETS, at beginning of the year** | **10680787** | **144550** | **19818248** | **24101131** | **2569838** | **9849304** | **93047597** | **48086111** |
| **NET ASSETS, at end of the year** | $**8162602** | $**263014** | $**13154262** | $**17681015** | $**1960510** | $**7489945** | $**62311170** | $**41134086** |

---

 

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2022***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**MML**<br>**Moderate**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**Short-Duration**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Small Cap**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Small Cap**<br>**Growth Equity**<br>**Sub-Account** |<br>**MML**<br>**Small**<br>**Company Value**<br>**Sub-Account** |<br>**MML**<br>**Small/Mid Cap**<br>**Value**<br>**Sub-Account** | **MML**<br>**Strategic**<br>**Emerging**<br>**Markets**<br>**Sub-Account** |<br>**MML**<br>**Sustainable**<br>**Equity**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $1785511 | $65563 | $134573 | $- | $- | $145709 | $27718 | $281080 |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administration charges | 668768 | 27521 | 241925 | 160894 | 10869 | 142892 | 11298 | 371088 |
| **Net investment income (loss)** | **1116743** | **38042** | **(107352)** | **(160894)** | **(10869)** | **2817** | **16420** | **(90008)** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | (1453849) | (40771) | 239048 | (193080) | (37149) | 17382 | (49403) | 2209271 |
| Realized gain distribution | 4893394 | - | 2252864 | 3565854 | 495300 | 3169487 | 308374 | 4268211 |
| Realized gain (loss) | 3439545 | (40771) | 2491912 | 3372774 | 458151 | 3186869 | 258971 | 6477482 |
| Change in net unrealized appreciation/depreciation of investments | (15058536) | (214686) | (6271627) | (7013440) | (615119) | (5441768) | (611705) | (12789859) |
| **Net gain (loss) on investments** | **(11618991)** | **(255457)** | **(3779715)** | **(3640666)** | **(156968)** | **(2254899)** | **(352734)** | **(6312377)** |
| **Net increase (decrease) in net assets resulting from operations** | **(10502248)** | **(217415)** | **(3887067)** | **(3801560)** | **(167837)** | **(2252082)** | **(336314)** | **(6402385)** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 1774277 | 17359 | 193178 | 104548 | 34969 | 210875 | 30428 | 234818 |
| Transfers due to death benefits | (50784) | (3618) | (114379) | (48236) |  | (25504) |  | (173045) |
| Transfers due to annuity benefit payments | (13698) | (198) | (6812) | (12109) |  | (1371) |  | (8682) |
| Transfers due to withdrawal of funds | (8301119) | (277606) | (1450654) | (782421) | (76314) | (1181565) | (65062) | (2400650) |
| Transfers due to loans, net of repayments | 23528 | (417) | 3196 | 8592 | (214) | 12770 | 288 | 17400 |
| Transfers due to rider and contingent deferred sales charges | (580) | (42) | (1750) | (583) |  | (425) |  | (1897) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | 3442 | 27 | 762 | 2915 |  | 41 |  | 1525 |
| Transfers between Sub-Accounts and to/from General Account | (1469283) | 167613 | (542486) | 13851 | 17100 | (303242) | 70670 | (550011) |
| Net increase (decrease) in net assets resulting from capital transactions | (8034217) | (96882) | (1918945) | (713443) | (24459) | (1288421) | 36324 | (2880542) |
| **Total increase (decrease)** | **(18536465)** | **(314297)** | **(5806012)** | **(4515003)** | **(192296)** | **(3540503)** | **(299990)** | **(9282927)** |
| **NET ASSETS, at beginning of the year** | **67989941** | **2315285** | **23414026** | **15889593** | **1051122** | **14187869** | **1184646** | **36368901** |
| **NET ASSETS, at end of the year** | $**49453476** | $**2000988** | $**17608014** | $**11374590** | $**858826** | $**10647366** | $**884656** | $**27085974** |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2022***

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MML**<br>**Total**<br>**Return**<br>**Bond**<br>**Sub-Account** |<br>**MML U.S.**<br>**Government**<br>**Money Market**<br>**Sub-Account** | **PIMCO**<br>**Commodity-**<br>**RealReturn®**<br>**Strategy**<br>**Sub-Account** | **VY®**<br>**CBRE**<br>**Global**<br>**Real Estate**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |
| Dividends | $29790 | $237289 | $590428 | $57658 |
| **Expenses** |  |  |  |  |
| Mortality and expense risk fees and administration charges | 28480 | 244714 | 32639 | 25323 |
| **Net investment income (loss)** | **1310** | **(7425)** | **557789** | **32335** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |
| Realized gain (loss) on sale of fund shares | (93627) | (7) | 41446 | (25741) |
| Realized gain distribution | - | - | - | 98781 |
| Realized gain (loss) | (93627) | (7) | 41446 | 73040 |
| Change in net unrealized appreciation/ depreciation of investments | (332949) | 7 | (574569) | (738098) |
| **Net gain (loss) on investments** | **(426576)** | **-** | **(533123)** | **(665058)** |
| **Net increase (decrease) in net assets resulting from operations** | **(425266)** | **(7425)** | **24666** | **(632723)** |
| Capital transactions: |  |  |  |  |
| Transfers of net premiums | 52691 | 290516 | 40320 | 23756 |
| Transfers due to death benefits | (12075) | (139060) | (21272) | (21014) |
| Transfers due to annuity benefit payments | (946) | (22374) | (280) |  |
| Transfers due to withdrawal of funds | (223102) | (3760947) | (526429) | (159052) |
| Transfers due to loans, net of repayments | (1108) | 7336 | 2013 | 12537 |
| Transfers due to rider and contingent deferred sales charges | (3) | (1488) | (21) | (181) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | 147 | 496 | 61 |  |
| Transfers between Sub-Accounts and to/from General Account | (387411) | 3730339 | 962267 | (169235) |
| Net increase (decrease) in net assets resulting from capital transactions | (571807) | 104818 | 456659 | (313189) |
| **Total increase (decrease)** | **(997073)** | **97393** | **481325** | **(945912)** |
| **NET ASSETS, at beginning of the year** | **3017232** | **20069406** | **1651829** | **2570023** |
| **NET ASSETS, at end of the year** | $**2020159** | $**20166799** | $**2133154** | $**1624111** |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS* 

***For The Year Ended December 31, 2021***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Fidelity®**<br> **VIP**<br>**Contrafund®**<br>**Sub-Account** | **Invesco**<br>**Oppenheimer V.I.**<br>**International**<br>**Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Capital**<br>**Appreciation**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Conservative**<br>**Balanced**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Core Bond**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Discovery**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Diversified**<br>**Dividend**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Global Strategic**<br>**Income**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $74981 | $- | $- | $182913 | $98166 | $- | $71039 | $1392627 |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 1486986 | 274253 | 726864 | 161677 | 63629 | 514448 | 42166 | 379548 |
| **Net investment income (loss)** | **(1412005)** | **(274253)** | **(726864)** | **21236** | **34537** | **(514448)** | **28873** | **1013079** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | 9698656 | 1471883 | 3652853 | 380799 | 59979 | 3952036 | 104650 | (668280) |
| Realized gain distribution | 14556450 | 1936194 | 3037580 | 625377 | 174689 | 4339740 | 12858 | - |
| Realized gain (loss) | 24255106 | 3408077 | 6690433 | 1006176 | 234668 | 8291776 | 117508 | (668280) |
| Change in net unrealized appreciation/depreciation of investments | 4601071 | (1305834) | 4944561 | 36778 | (416465) | (1202250) | 398899 | (1803056) |
| **Net gain (loss) on investments** | **28856177** | **2102243** | **11634994** | **1042954** | **(181797)** | **7089526** | **516407** | **(2471336)** |
| **Net increase (decrease) in net assets resulting from operations** | **27444172** | **1827990** | **10908130** | **1064190** | **(147260)** | **6575078** | **545280** | **(1458257)** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 1349603 | 277219 | 606187 | 112699 |  | 222066 | 321301 | 365399 |
| Transfers due to death benefits | (2587482) | (322407) | (958523) | (121872) | (73176) | (748180) | (118592) | (535330) |
| Transfers due to annuity benefit payments | (31267) | (6760) | (37152) | (21243) | (17723) | (22465) |  | (20222) |
| Transfers due to withdrawal of funds | (10609302) | (2122454) | (4811316) | (761391) | (417364) | (3829328) | (405194) | (2663574) |
| Transfers due to loans, net of repayments | 18718 | 12704 | 15148 | 2679 |  | 10112 | 1072 | 46558 |
| Transfers due to rider and contingent deferred sales charges | (10691) | (709) | (3331) | (691) | (517) | (1892) | (376) | (2218) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | 3970 | (1568) | 7130 | 8825 | 4181 | 2041 |  | 2013 |
| Transfers between Sub-Accounts and to/from General Account | (2452264) | (512954) | (1608616) | 102177 | (26499) | (1096550) | (217979) | 803576 |
| Net increase (decrease) in net assets resulting from capital transactions | (14318716) | (2676929) | (6790474) | (678817) | (531098) | (5464196) | (419768) | (2003798) |
| **Total increase (decrease)** | **13125456** | **(848939)** | **4117656** | **385373** | **(678358)** | **1110882** | **125512** | **(3462055)** |
| **NET ASSETS, at beginning of the year** | **111040179** | **21692340** | **54747632** | **11783178** | **5101912** | **39287678** | **3284410** | **32056685** |
| **NET ASSETS, at end of the year** | $**124165635** | $**20843401** | $**58865288** | $**12168551** | $**4423554** | $**40398560** | $**3409922** | $**28594630** |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2021***

 ****

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Invesco V.I.**<br>**Global**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Health Care**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Main Street**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Technology**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**U.S. Government**<br>**Money**<br>**Sub-Account** |<br>**MML**<br>**Aggressive**<br>**Allocation**<br>**Sub-Account** | **MML**<br>**American**<br>**Funds**<br>**Core Allocation**<br>**Sub-Account** | **MML**<br>**American**<br>**Funds**<br>**Growth**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $- | $19661 | $361796 | $- | $354 | $387513 | $184569 | $- |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 1211955 | 119593 | 680021 | 90659 | 64140 | 370509 | 165496 | 96128 |
| **Net investment income (loss)** | **(1211955)** | **(99932)** | **(318225)** | **(90659)** | **(63786)** | **17004** | **19073** | **(96128)** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | 8323051 | (3826) | 1528929 | 909708 |  | 75790 | 117651 | 976926 |
| Realized gain distribution | 4863940 | 1022676 | 2949362 | 643554 | - | 1260210 | 336630 | 456130 |
| Realized gain (loss) | 13186991 | 1018850 | 4478291 | 1553262 | - | 1336000 | 454281 | 1433056 |
| Change in net unrealized appreciation/depreciation of investments | 660438 | 46767 | 7800438 | (567740) | - | 3020360 | 1036489 | 187511 |
| **Net gain (loss) on investments** | **13847429** | **1065617** | **12278729** | **985522** | **-** | **4356360** | **1490770** | **1620567** |
| **Net increase (decrease) in net assets resulting from operations** | **12635474** | **965685** | **11960504** | **894863** | **(63786)** | **4373364** | **1509843** | **1524439** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 1066156 | 530692 | 378090 | 182283 | 183532 | 1102372 | 628983 | 328672 |
| Transfers due to death benefits | (1614577) | (69683) | (1145292) | (37969) | (56434) | (52097) | (35323) | (23047) |
| Transfers due to annuity benefit payments | (67774) | (833) | (41355) | (5968) | (2895) |  |  |  |
| Transfers due to withdrawal of funds | (7974708) | (742137) | (4482455) | (512641) | (425800) | (1209208) | (1093327) | (1580604) |
| Transfers due to loans, net of repayments | 41459 | 3219 | 26657 | 4540 | 6038 | 42504 | 9623 | (4410) |
| Transfers due to rider and contingent deferred sales charges | (4985) | (615) | (2634) | (410) | (633) | (155) |  |  |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | 11324 | (2) | (3302) | (98) | 97 |  |  |  |
| Transfers between Sub-Accounts and to/from General Account | (2182243) | (325536) | (511659) | (644174) | (282428) | (1563823) | 498176 | 351239 |
| Net increase (decrease) in net assets resulting from capital transactions | (10725348) | (604895) | (5781950) | (1014438) | (578523) | (1680408) | 8132 | (928150) |
| **Total increase (decrease)** | **1910126** | **360790** | **6178554** | **(119575)** | **(642309)** | **2692956** | **1517974** | **596289** |
| **NET ASSETS, at beginning of the year** | **93637809** | **9445838** | **48247129** | **6967630** | **5303346** | **29017593** | **12731471** | **7496621** |
| **NET ASSETS, at end of the year** | $**95547935** | $**9806628** | $**54425683** | $**6848055** | $**4661037** | $**31710549** | $**14249445** | $**8092910** |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2021***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**American**<br>**Funds**<br>**International**<br>**Sub-Account** |<br>**MML**<br>**Balanced**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**Blend**<br>**Sub-Account** |<br>**MML**<br>**Blue Chip**<br>**Growth**<br>**Sub-Account** |<br>**MML**<br>**Conservative**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Equity Income**<br>**Sub-Account** |<br>**MML**<br>**Equity**<br>**Index**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $2633 | $326062 | $1485270 | $- | $242111 | $552078 | $448382 | $284136 |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 25087 | 317969 | 878070 | 462628 | 238804 | 413570 | 250334 | 290538 |
| **Net investment income (loss)** | **(22454)** | **8093** | **607200** | **(462628)** | **3307** | **138508** | **198048** | **(6402)** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | 43677 | (227985) | 1513100 | 1563908 | 376066 | 1837082 | (272505) | 1337205 |
| Realized gain distribution | 30369 | 757695 | 17810314 | 3633376 | 596951 | - | 394667 | 965747 |
| Realized gain (loss) | 74046 | 529710 | 19323414 | 5197284 | 973017 | 1837082 | 122163 | 2302952 |
| Change in net unrealized appreciation/depreciation of investments | (113034) | 1566439 | (11053863) | 350188 | 409728 | 6165712 | 3940600 | 3030430 |
| **Net gain (loss) on investments** | **(38988)** | **2096149** | **8269551** | **5547472** | **1382745** | **8002794** | **4062763** | **5333382** |
| **Net increase (decrease) in net assets resulting from operations** | **(61442)** | **2104242** | **8876751** | **5084844** | **1386052** | **8141302** | **4260811** | **5326980** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 80683 | 769719 | 1195571 | 698398 | 494510 | 385579 | 254672 | 374863 |
| Transfers due to death benefits | (10831) | (88604) | (1507463) | (662935) | (43333) | (802962) | (145342) | (604696) |
| Transfers due to annuity benefit payments |  | (20610) | (54906) | (3976) | (15958) | (22970) | (4717) | (9111) |
| Transfers due to withdrawal of funds | (216804) | (3083240) | (4614776) | (2976646) | (2048066) | (2669403) | (1915322) | (1652615) |
| Transfers due to loans, net of repayments | 7421 | 107118 | 8199 | 4217 | 923 | 14378 | 1990 | 3292 |
| Transfers due to rider and contingent deferred sales charges |  | (584) | (2345) | (2263) | (79) | (1068) | (1073) | (324) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation |  | (8963) | (31422) | 1052 | 2415 | 3053 | (2047) | 1448 |
| Transfers between Sub-Accounts and to/from General Account | (32094) | 1021449 | 211670 | (886594) | 283516 | (597873) | (694756) | (577849) |
| Net increase (decrease) in net assets resulting from capital transactions | (171625) | (1303715) | (4795473) | (3828747) | (1326072) | (3691266) | (2506596) | (2464992) |
| **Total increase (decrease)** | **(233067)** | **800527** | **4081278** | **1256097** | **59980** | **4450036** | **1754215** | **2861988** |
| **NET ASSETS, at beginning of the year** | **2177663** | **24673106** | **67254680** | **35544312** | **18599923** | **29572459** | **18656155** | **21075642** |
| **NET ASSETS, at end of the year** | $**1944596** | $**25473633** | $**71335958** | $**36800409** | $**18659903** | $**34022495** | $**20410370** | $**23937630** |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2021***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**Focused**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Foreign**<br>**Sub-Account** | **MML**<br>**Fundamental**<br>**Equity**<br>**Sub-Account** | **MML**<br>**Fundamental**<br>**Value**<br>**Sub-Account** |<br>**MML**<br>**Global**<br>**Sub-Account** | **MML**<br>**Growth**<br>**& Income**<br>**Sub-Account** | **MML**<br>**Growth**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**High Yield**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $7389 | $228895 | $3432 | $21915 | $129253 | $296361 | $986492 | $262840 |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 10091 | 111465 | 12812 | 16029 | 186875 | 441008 | 749526 | 38462 |
| **Net investment income (loss)** | **(2702)** | **117430** | **(9380)** | **5886** | **(57622)** | **(144647)** | **236966** | **224378** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | (3210) | 225859 | 6327 | (22881) | 502013 | 3366706 | (966045) | 9485 |
| Realized gain distribution | 46888 | - | 90165 | - | 1220584 | 1940901 | 2680924 | - |
| Realized gain (loss) | 43679 | 225859 | 96492 | (22881) | 1722597 | 5307607 | 1714880 | 9485 |
| Change in net unrealized appreciation/depreciation of investments | 107695 | 639687 | 152411 | 322626 | 424735 | 2815943 | 5583885 | (38812) |
| **Net gain (loss) on investments** | **151374** | **865546** | **248903** | **299746** | **2147332** | **8123550** | **7298765** | **(29327)** |
| Net increase (decrease) in net assets **resulting from operations** | **148672** | **982976** | **239523** | **305632** | **2089710** | **7978903** | **7535731** | **195051** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 16353 | 114643 | 61399 | 42813 | 120385 | 297535 | 2358565 | 125404 |
| Transfers due to death benefits |  | (35982) |  |  | (106708) | (385984) | (221884) | (550) |
| Transfers due to annuity benefit payments |  | (6169) |  |  | (2192) | (8626) |  |  |
| Transfers due to withdrawal of funds | (96851) | (799161) | (5208) | (101140) | (876814) | (3745096) | (4274245) | (249312) |
| Transfers due to loans, net of repayments | 598 | 11620 | 345 |  | 3176 | 21099 | 46395 | 2283 |
| Transfers due to rider and contingent deferred sales charges |  | (779) | (22) |  | (721) | (2203) | (143) | (205) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation |  | 1646 |  |  | (1668) | 2945 |  |  |
| Transfers between Sub-Accounts and to/from General Account | 100527 | (122790) | (51164) | 197088 | (355459) | (534980) | (434811) | 298878 |
| Net increase (decrease) in net assets resulting from capital transactions | 20627 | (836973) | 5350 | 138761 | (1220002) | (4355310) | (2526124) | 176498 |
| **Total increase (decrease)** | **169298** | **146003** | **244872** | **444392** | **869708** | **3623593** | **5009607** | **371549** |
| **NET ASSETS, at beginning of the year** | **725110** | **8703291** | **922432** | **1091877** | **13496602** | **32745308** | **58560778** | **2878160** |
| **NET ASSETS, at end of the year** | $**894408** | $**8849294** | $**1167304** | $**1536269** | $**14366310** | $**36368901** | $**63570385** | $**3249709** |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2021***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**MML**<br>**Income**<br>**& Growth**<br>**Sub-Account** | **MML**<br>**Inflation-**<br>**Protected**<br>**and Income**<br>**Sub-Account** |<br>**MML**<br>**International**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Large Cap**<br>**Growth**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Volatility**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Growth**<br>**Sub-Account** |
|  |  |  |  |  | **(Initial Class)** | **(Service Class)** |  |  |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $447073 | $113517 | $717 | $10706 | $787468 | $76099 | $96042 | $- |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 323373 | 131801 | 1858 | 253812 | 301652 | 34965 | 122858 | 1221671 |
| **Net investment income (loss)** | **123700** | **(18284)** | **(1141)** | **(243106)** | **485816** | **41134** | **(26816)** | **(1221671)** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | 632880 | (12963) | (628) | 721407 | 42123 | 26520 | 239251 | 2023124 |
| Realized gain distribution | - | 790840 | - | 1887267 | 459339 | 48079 | - | 19040783 |
| Realized gain (loss) | 632880 | 777877 | (628) | 2608674 | 501462 | 74599 | 239251 | 21063907 |
| Change in net unrealized appreciation/depreciation of investments | 4662616 | (225882) | 17533 | 728028 | (1087456) | (138348) | 743201 | (9224506) |
| **Net gain (loss) on investments** | **5295496** | **551995** | **16905** | **3336702** | **(585995)** | **(63749)** | **982452** | **11839401** |
| **Net increase (decrease) in net assets resulting from operations** | **5419196** | **533711** | **15764** | **3093596** | **(100179)** | **(22615)** | **955636** | **10617730** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 161727 | 235704 | 2544 | 121944 | 491115 | 14830 | 91686 | 1027163 |
| Transfers due to death benefits | (270398) | (85609) |  | (488928) | (247710) | (23516) | (105594) | (2324829) |
| Transfers due to annuity benefit payments | (5768) | (3331) |  | (30868) | (3127) |  | (18087) | (58716) |
| Transfers due to withdrawal of funds | (1731205) | (1229731) | (26975) | (1593118) | (2253922) | (133423) | (967156) | (8551535) |
| Transfers due to loans, net of repayments | 22325 | 8012 | 34 | 3532 | 47064 |  | 12260 | 6249 |
| Transfers due to rider and contingent deferred sales charges | (1438) | (442) |  | (1598) | (2896) | (76) | (1402) | (4099) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | (202) | 1016 |  | 6958 | (1613) |  | 4585 | 8384 |
| Transfers between Sub-Accounts and to/from General Account | (151594) | 726315 | (32347) | (249848) | 812142 | 66730 | 171069 | (2655448) |
| Net increase (decrease) in net assets resulting from capital transactions | (1976554) | (348066) | (56744) | (2231926) | (1158948) | (75455) | (812639) | (12552831) |
| **Total increase (decrease)** | **3442642** | **185645** | **(40980)** | **861670** | **(1259126)** | **(98070)** | **142997** | **(1935101)** |
| **NET ASSETS, at beginning of the year** | **22487171** | **10495142** | **185530** | **18956578** | **25360257** | **2667908** | **9706307** | **94982698** |
| **NET ASSETS, at end of the year** | $**25929813** | $**10680787** | $**144550** | $**19818248** | $**24101131** | $**2569838** | $**9849304** | $**93047597** |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2021***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**MML**<br>**Mid Cap Value**<br>**Sub-Account** |<br>**MML**<br>**Moderate**<br>**Allocation**<br>**Sub-Account** |<br>**MML**<br>**Short-Duration**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Small Cap**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Small Cap**<br>**Growth Equity**<br>**Sub-Account** |<br>**MML**<br>**Small**<br>**Company Value**<br>**Sub-Account** |<br>**MML**<br>**Small/Mid Cap**<br>**Value**<br>**Sub-Account** | **MML**<br>**Strategic**<br>**Emerging**<br>**Markets**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |  |  |  |  |
| Dividends | $677098 | $909219 | $70062 | $102299 | $- | $1880 | $142174 | $- |
| **Expenses** |  |  |  |  |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 592159 | 818494 | 30611 | 295125 | 213852 | 11956 | 171478 | 15343 |
| **Net investment income (loss)** | **84939** | **90725** | **39451** | **(192826)** | **(213852)** | **(10076)** | **(29304)** | **(15343)** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |  |  |  |  |
| Realized gain (loss) on sale of fund shares | (274306) | (343405) | 5471 | 604553 | 466225 | (437) | 424910 | 49288 |
| Realized gain distribution | 1085538 | 2429585 | - | 1385897 | 2554258 | 63403 | - | 256648 |
| Realized gain (loss) | 811232 | 2086180 | 5471 | 1990450 | 3020483 | 62967 | 424910 | 305936 |
| Change in net unrealized appreciation/depreciation of investments | 8349005 | 4633097 | (32525) | 2635759 | (1804106) | 157406 | 3595154 | (410791) |
| **Net gain (loss) on investments** | **9160237** | **6719277** | **(27055)** | **4626209** | **1216377** | **220373** | **4020064** | **(104855)** |
| **Net increase (decrease) in net assets resulting from operations** | **9245176** | **6810002** | **12397** | **4433383** | **1002525** | **210297** | **3990760** | **(120198)** |
| Capital transactions: |  |  |  |  |  |  |  |  |
| Transfers of net premiums | 531421 | 2256655 | 17484 | 264866 | 126985 | 43353 | 266375 | 32106 |
| Transfers due to death benefits | (887666) | (58374) | (74133) | (132044) | (243223) |  | (473371) |  |
| Transfers due to annuity benefit payments | (40279) | (16184) | (222) | (7221) | (14689) |  | (1783) |  |
| Transfers due to withdrawal of funds | (4105943) | (5723178) | (263928) | (2029250) | (1510133) | (94527) | (1294199) | (90050) |
| Transfers due to loans, net of repayments | 25365 | 63606 | 2319 | 16953 | 16564 | (1697) | 28420 | 1876 |
| Transfers due to rider and contingent deferred sales charges | (4090) | (723) | (47) | (2149) | (802) |  | (482) |  |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | 6999 | 1212 | 33 | (2825) | (712) |  | 266 |  |
| Transfers between Sub-Accounts and to/from General Account | (682676) | (1507993) | 23304 | (771432) | (593397) | (28949) | (565658) | 33130 |
| Net increase (decrease) in net assets resulting from capital transactions | (5156869) | (4984979) | (295191) | (2663102) | (2219408) | (81821) | (2040433) | (22938) |
| **Total increase (decrease)** | **4088307** | **1825023** | **(282794)** | **1770281** | **(1216883)** | **128476** | **1950327** | **(143136)** |
| **NET ASSETS, at beginning of the year** | **43997804** | **66164918** | **2598079** | **21643745** | **17106476** | **922646** | **12237542** | **1327782** |
| **NET ASSETS, at end of the year** | $**48086111** | $**67989941** | $**2315285** | $**23414026** | $**15889593** | $**1051122** | $**14187869** | $**1184646** |

---

*See Notes to Financial Statements.*

***C.M. Multi-Account A***

*STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS (Continued)*

***For The Year Ended December 31, 2021***

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MML**<br>**Total**<br>**Return**<br>**Bond**<br>**Sub-Account** |<br>**MML U.S.**<br>**Government**<br>**Money Market**<br>**Sub-Account** | **PIMCO**<br>**Commodity-**<br>**RealReturn®**<br>**Strategy**<br>**Sub-Account** | **VY®**<br>**Clarion**<br>**Global**<br>**Real Estate**<br>**Sub-Account** |
| **Investment income** |  |  |  |  |
| Dividends | $52564 | $- | $60535 | $57424 |
| **Expenses** |  |  |  |  |
| Mortality and expense risk fees and administrative charges | 40093 | 265683 | 17746 | 28252 |
| **Net investment income (loss)** | **12471** | **(265683)** | **42789** | **29172** |
| **Net realized and unrealized gain (loss) on investments** |  |  |  |  |
| Realized gain (loss) on sale of fund shares | 26025 | 4434 | (9656) | (1860) |
| Realized gain distribution | 139195 | - | - | - |
| Realized gain (loss) | 165220 | 4434 | (9656) | (1860) |
| Change in net unrealized appreciation/depreciation of investments | (268459) | (4456) | 341551 | 590494 |
| **Net gain (loss) on investments** | **(103239)** | **(22)** | **331895** | **588634** |
| **Net increase (decrease) in net assets resulting from operations** | **(90768)** | **(265705)** | **374684** | **617806** |
| Capital transactions: |  |  |  |  |
| Transfers of net premiums | 62617 | 306799 | 31018 | 38398 |
| Transfers due to death benefits | (62423) | (140999) | (7576) |  |
| Transfers due to annuity benefit payments | (1109) | (21052) | (231) |  |
| Transfers due to withdrawal of funds | (334873) | (5168827) | (194820) | (221578) |
| Transfers due to loans, net of repayments | 1693 | 26826 | 1895 | 1784 |
| Transfers due to rider and contingent deferred sales charges | (3) | (3259) | (23) | (193) |
| Transfers due to net charge (credit) to annuitant mortality fluctuation | 165 | (3768) | 44 |  |
| Transfers between Sub-Accounts and to/from General Account | 156567 | 2987414 | 260327 | 195546 |
| Net increase (decrease) in net assets resulting from capital transactions | (177366) | (2016866) | 90634 | 13957 |
| **Total increase (decrease)** | **(268134)** | **(2282571)** | **465318** | **631763** |
| **NET ASSETS, at beginning of the year** | **3285366** | **22351977** | **1186511** | **1938260** |
| **NET ASSETS, at end of the year** | $**3017232** | $**20069406** | $**1651829** | $**2570023** |

---

*See Notes to Financial Statements.*

***C. M. Multi-Account A***

***Notes To Financial Statements***

 ****

&nbsp;&nbsp;&nbsp;&nbsp;***1.***  ***ORGANIZATION*** 

C.M. Multi-Account A (the "Separate Account") is a separate investment account of C.M. Life Insurance Company ("C.M. Life") established on August 3, 1994. The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940 ("the 1940 Act").

C.M. Life is a subsidiary of Massachusetts Mutual Life Insurance Company ("MassMutual").

C.M. Life maintains three segments within the Separate Account, they are: Panorama Premier, Panorama Passage®, and MassMutual Artistry. One of the three segments, Panorama Passage®, has multiple tiers. The unit values of these tiers differ based on the associated expense ratio.

The assets and liabilities of the Separate Account are clearly identified and distinguished from C.M. Life's other assets and liabilities. The Separate Account assets are not chargeable with liabilities arising from any other C.M. Life business.

---

| | |
|:---|:---|
| ***2.*** | ***INVESTMENT OF THE SEPARATE ACCOUNT'S ASSETS*** |
|  | For the year or period ended December 31, 2022, the Separate Account consists of fifty-two sub-accounts which invest in the following mutual funds. All of the sub-accounts may not be available to all of the three segments of the Separate Account: |

---

---

| |
|:---|
| **Sub-Accounts** |
| Fidelity® VIP Contrafund® Sub-Account Fidelity® VIP Contrafund® Portfolio<sup>1</sup> |
| Invesco Oppenheimer V.I. International Growth Sub-Account Invesco Oppenheimer V.I. International Growth Fund<sup>10</sup> |
| Invesco V.I. Capital Appreciation Sub-Account<sup>2</sup> Invesco V.I. Capital Appreciation Fund<sup>2, 10</sup> |
| Invesco V.I. Conservative Balanced Sub-Account<sup>3</sup> Invesco V.I. Conservative Balanced Fund<sup>3, 10</sup> |
| Invesco V.I. Core Plus Bond Sub-Account<sup>4</sup> Invesco V.I. Core Plus Bond Fund<sup>4, 10, 16</sup> |
| Invesco V.I. Discovery Mid Cap Growth Sub-Account<sup>5</sup> Invesco V.I. Discovery Mid Cap Growth Fund<sup>5, 10</sup> |
| Invesco V.I. Diversified Dividend Sub-Account Invesco V.I. Diversified Dividend Fund<sup>10</sup> |
| Invesco V.I. Global Strategic Income Sub-Account<sup>6</sup> Invesco V.I. Global Strategic Income Fund<sup>6, 10</sup> |
| Invesco V.I. Global Sub-Account<sup>7</sup> Invesco V.I. Global Fund<sup>7, 10</sup> |
| Invesco V.I. Health Care Sub-Account Invesco V.I. Health Care Fund<sup>10</sup> |
| Invesco V.I. Main Street Sub-Account<sup>8</sup> Invesco V.I. Main Street Fund®<sup>8, 10</sup> |
| Invesco V.I. Technology Sub-Account Invesco V.I. Technology Fund<sup>10</sup> |
| Invesco V.I. U.S. Government Money Sub-Account<sup>9</sup> Invesco V.I. U.S. Government Money Portfolio<sup>9, 10</sup> |
| MML Aggressive Allocation Sub-Account MML Aggressive Allocation Fund<sup>11</sup> |
| MML American Funds Core Allocation Sub-Account MML American Funds Core Allocation Fund<sup>11</sup> |
| MML American Funds Growth Sub-Account MML American Funds Growth Fund<sup>11</sup> |
| MML American Funds International Sub-Account MML American Funds International Fund<sup>11, 17</sup> |
| MML Balanced Allocation Sub-Account MML Balanced Allocation Fund<sup>11</sup> |
| MML Blend Sub-Account MML Blend Fund<sup>11</sup> |
| MML Blue Chip Growth Sub-Account MML Blue Chip Growth Fund<sup>11</sup> |
| MML Conservative Allocation Sub-Account MML Conservative Allocation Fund<sup>11</sup> |
| MML Equity Sub-Account MML Equity Fund<sup>11</sup> |
| MML Equity Income Sub-Account MML Equity Income Fund<sup>11</sup> |
| MML Equity Index Sub-Account MML Equity Index Fund<sup>11</sup> |
| MML Focused Equity Sub-Account MML Focused Equity Fund<sup>11</sup> |
| MML Foreign Sub-Account MML Foreign Fund<sup>11</sup> |

---

***Notes To Financial Statements*** *(Continued)*

 

---

| | |
|:---|:---|
|  | MML Fundamental Equity Sub-Account |
|  | MML Fundamental Value Sub-Account |
|  | MML Global Sub-Account |
|  | MML Growth Allocation Sub-Account |
|  | MML High Yield Sub-Account |
|  | MML Income & Growth Sub-Account |
|  | MML Inflation-Protected and Income Sub-Account |
|  | MML International Equity Sub-Account |
|  | MML Large Cap Growth Sub-Account |
|  | MML Managed Bond Sub-Account (Initial Class) |
|  | MML Managed Bond Sub-Account (Service Class) |
|  | MML Managed Volatility Sub-Account |
|  | MML Mid Cap Growth Sub-Account |
|  | MML Mid Cap Value Sub-Account |
|  | MML Moderate Allocation Sub-Account |
|  | MML Short-Duration Bond Sub-Account |
|  | MML Small Cap Equity Sub-Account |
|  | MML Small Cap Growth Equity Sub-Account |
| MML Small Company Value Sub-Account | MML Small Company Value Sub-Account MML Small Company Value Fund<sup>11</sup> |
|  | MML Small/Mid Cap Value Sub-Account MML Small/Mid Cap Value Fund<sup>11</sup> |
|  | MML Strategic Emerging Markets Sub-Account MML Strategic Emerging Markets Fund<sup>11</sup> |
|  | MML Sustainable Equity Sub-Account<sup>12</sup> MML Sustainable Equity Fund<sup>11, 12</sup> |
|  | MML Total Return Bond Sub-Account MML Total Return Bond Fund<sup>11</sup> |
|  | MML U.S. Government Money Market Sub-Account MML U.S. Government Money Market Fund<sup>11</sup> |
|  | PIMCO CommodityRealReturn® Strategy Sub-Account PIMCO CommodityRealReturn® Strategy Portfolio<sup>13</sup> |
|  | VY® CBRE Global Real Estate Sub-Account VY® CBRE Global Real Estate Portfolio<sup>14, 15</sup> |

---

In addition to the fifty-two sub-accounts, some contract owners may also allocate funds to the Fixed Interest Account ("FIA") which is part of C.M. Life's general investment account ("General Account"). Because of exemptive and exclusionary provisions in the securities law, interests in the FIA are not registered under the Securities Act of 1933, and the General Account and the FIA are not registered as an investment company under the 1940 Act.

---

| |
|:---|
| <sup>1</sup>Fidelity Management & Research Company LLC is the investment adviser to this Portfolio. |
| <sup>2</sup>Prior to April 30, 2021, known as Invesco Oppenheimer V.I. Capital Appreciation Sub-Account/Fund. |
| <sup>3</sup>After the close of business on April 29, 2022, Invesco V.I. Core Plus Bond Fund acquired all the net assets of Invesco V.I. Core Bond Fund pursuant to a plan of reorganization approved by the Board of Trustees of the Invesco V.I. Core Plus Bond Fund on December 1, 2021 and by the shareholders of the Invesco V.I. Core Bond Fund on March 31, 2022. The acquisition was accomplished by a tax-free exchange as of the close of business on April 29, 2022. Shares of Invesco V.I. Core Bond Fund were exchanged for the like class of shares of Invesco V.I. Core Plus Bond Fund, based on the relative net asset value of the two funds which resulted in Invesco V.I. Core Bond Fund receiving 1.15816327 shares of Invesco V.I. Core Plus Bond Fund in exchange of 1 share of Invesco V.I Core Bond Fund. As a result of the underlying fund merger, the subaccount name changed from Invesco V.I. Core Bond to Invesco V.I. Core Plus Bond. |
| <sup>4</sup>Prior to April 30, 2021, known as Invesco Oppenheimer V.I. Total Return Bond Sub-Account/Fund. |
| <sup>5</sup>Prior to April 30, 2021, known as Invesco Oppenheimer V.I. Discovery Mid Cap Growth Sub-Account/Fund. |
| <sup>6</sup>Prior to April 30, 2021, known as Invesco Oppenheimer V.I. Global Strategic Income Sub-Account/Fund. |
| <sup>7</sup>Prior to April 30, 2021, known as Invesco Oppenheimer V.I. Global Sub-Account/Fund. |
| <sup>8</sup>Prior to April 30, 2021, known as Invesco Oppenheimer V.I. Main Street Sub-Account/Fund®. |
| <sup>9</sup>Prior to April 30, 2021, known as Invesco Oppenheimer V.I. Government Money Sub-Account/Fund. |
| <sup>10</sup>Invesco Advisers, Inc. is the investment adviser to this Fund. |
| <sup>11</sup>MML Investments Advisers, LLC is the investment adviser to this Fund. |
| <sup>12</sup>Prior to May 1, 2022, known as MML Growth & Income Sub-Account/Fund. |
| <sup>13</sup>Pacific Investment Management Company LLC is the investment adviser to this Portfolio. |

---

---

| |
|:---|
| <sup>14</sup>Prior to November 4, 2022, known as VY® Clarion Global Real Estate Sub-Account/Fund. |
| <sup>15</sup>Voya Investments, LLC is the investment adviser to this Portfolio. |
| <sup>16</sup>This Sub-Account/Fund became available to the Separate Account as an investment option on April 29, 2022. |

---

***Notes To Financial Statements*** *(Continued)*

 

<sup>17</sup>Effective November 4, 2022, this Sub-Account liquidated and any contract value in the Sub-Account after the close of the New York Stock Exchange on November 4, 2022 was automatically transferred to the MML U.S. Government Money Market Sub-Account.

&nbsp;&nbsp;&nbsp;&nbsp;***3.***  ***SIGNIFICANT ACCOUNTING POLICIES*** 

The following is a summary of significant accounting policies followed by the Separate Account in preparation of the financial statements in conformity with generally accepted accounting principles. Separate Account C.M. Multi-Account A follows the accounting and reporting guidance in FASB Accounting Standards Codification 946.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Investment Valuation** 

Investments in the underlying funds held by each sub-account are carried at fair value which is based on the closing net asset value of each of the respective underlying funds, which value their investment securities at fair value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Accounting for Investments** 

Investment transactions are accounted for on a trade-date basis and identified cost is the basis followed in determining the cost of investments sold for financial statement purposes. Dividend income and gains from realized gain distributions are recorded on the ex-distribution date and they are generally reinvested in the underlying investment funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C.** **Federal Income Taxes** 

C.M. Life is taxed under federal law as a life insurance company under the provisions of the 1986 Internal Revenue Code, as amended. Under existing federal law, no taxes are payable on net investment income and net realized capital gains attributable to contracts, which depend on the Separate Account's investment performance. Accordingly, no provision for federal income tax has been made. C.M. Life may, however, make such a charge in the future if an unanticipated change of current law results in a tax liability attributable to the Separate Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D.** **Contract Charges** 

See Note 8B for charges associated with the contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E.** **Estimates** 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**F.** **Loans** 

If the certificate is a tax-sheltered annuity ("TSA"), the contract owners may be able to take a loan under their certificate. All such loans must conform to the requirements of the Internal Revenue Code. There are limitations on the amount of the loan the participants can take, and there is a required loan repayment schedule. When a loan is made, the Separate Account transfers the amount of the loan to C.M. Life, thereby decreasing both the investments and net assets of the Separate Account. The contract owner is charged interest on the outstanding loan amount based on the interest rate then in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**G.** **Annuitant Mortality Fluctuation** 

The Separate Account contributes to an Annuitant Mortality Fluctuation Fund (AMFF) reserve maintained by C.M. Life as required by regulatory authorities to provide for mortality losses incurred. The AMFF reserve is adjusted quarterly for mortality losses and gains and its proportionate share of changes in value. Transfers to or from C.M. Life are then made quarterly to adjust the AMFF reserve which is held in the Separate Account. Net transfers from C.M. Life to the Separate Account totaled $82,426 for the year ended December 31, 2022. Net transfer from the Separate Account to C.M. Life totaled $23,612 for the year ended December 31, 2021. The AMFF reserve is subject to a maximum of 3% of the Separate Account's annuity reserves. Any mortality losses in excess of this reserve will be

***Notes To Financial Statements*** *(Continued)*

borne by C.M. Life. The AMFF reserve is not available to owners of the contracts except to the extent necessary to cover mortality losses under the contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**H.** **Annuity Reserves** 

Annuity reserves are developed by using accepted actuarial methods and are computed using the 1994 MGDB table.

&nbsp;&nbsp;&nbsp;&nbsp;***4.***  ***FAIR VALUE OF FINANCIAL INSTRUMENTS*** 

The Separate Account defines fair value 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. In determining fair value, the Separate Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Separate Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs. Investments in mutual funds are valued at the mutual fund's closing net asset value per share on the day of valuation.

**Valuation Inputs:** Various inputs are used to determine the value of the Separate Account's investments. These inputs are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Level 1** – quoted prices in active markets for identical securities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Level 2** – observable inputs other than Level 1 quoted prices (including, but not limited
to, quoted prices for similar securities, interest rates, prepayment speeds and credit risk)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Level 3** – unobservable inputs

The investments of the Separate Account are measured at fair value. All the investments are categorized as Level 1 as of December 31, 2022. There have been no transfers between levels for the year ended December 31, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;***5.***  ***RELATED PARTY TRANSACTIONS*** 

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Sales Agreements** 

The contracts currently being offered are sold by both registered representatives of MML Investors Services, LLC ("MMLIS"), a subsidiary of MassMutual, and by registered representatives of other broker-dealers who have entered into distribution agreements with MML Strategic Distributors, LLC ("MSD"), a subsidiary of MassMutual. Pursuant to separate underwriting agreements with C.M. Life, on its own behalf and on behalf of the Separate Account, MMLIS serves as principal underwriter of the contracts sold by its registered representatives, and MSD serves as principal underwriter of the contracts sold by registered representatives of other broker-dealers who have entered into distribution agreements with MSD.

Both MMLIS and MSD are registered with the Securities and Exchange Commission (the "SEC") as broker-dealers under the Securities and Exchange Act of 1934 and are members of the Financial Industry Regulatory Authority ("FINRA"). Commissions for sales of contracts by MMLIS registered representatives are paid on behalf of MMLIS to its registered representatives. Commissions for sales of contracts by registered representatives of other broker-dealers are paid on behalf of MSD to those broker-dealers. MMLIS and MSD also receive compensation for their actions as principal underwriters of the contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Receivable from/Payable to C.M. Life** 

Certain fees such as mortality and expense risk fees are charges paid between the General Account and the Separate Account. The General Account is not registered as an investment company under the 1940 Act.

***Notes To Financial Statements*** *(Continued)*

&nbsp;&nbsp;&nbsp;&nbsp;***6.***  ***PURCHASE AND SALES OF INVESTMENTS*** 

 ****

The cost of purchases and proceeds from sales of investments for each of the years or periods in the two-year period ended December 31, 2022 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Fidelity®**<br> **VIP**<br>**Contrafund®**<br>**Sub-Account** | **Invesco**<br>**Oppenheimer V.I.**<br>**International**<br>**Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Capital**<br>**Appreciation**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Conservative**<br>**Balanced**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Core Plus Bond**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Discovery**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Diversified**<br>**Dividend**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Global Strategic**<br>**Income**<br>**Sub-Account** |
| **<u>2022</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $5482525 | $4451646 | $15291991 | $908353 | $153260 | $8692410 | $749123 | $263424 |
| Proceeds from sales | (11058473) | (2973380) | (5662525) | (1416552) | (527219) | (2977362) | (471349) | (3348012) |
|  |  |  |  |  |  |  | **MML** | **MML** |
|  |  |  |  |  | **Invesco V.I.** | **MML** | **American** | **American** |
|  | **Invesco V.I.** | **Invesco V.I.** | **Invesco V.I.** | **Invesco V.I.** | **U.S. Government** | **Aggressive** | **Funds** | **Funds** |
|  | **Global** | **Health Care** | **Main Street** | **Technology** | **Money** | **Allocation** | **Core Allocation** | **Growth** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $12756282 | $1182809 | $17318738 | $2098679 | $483824 | $4625495 | $1629459 | $1785003 |
| Proceeds from sales | (7633764) | (927332) | (5612732) | (727788) | (691745) | (3959540) | (1407479) | (775997) |
|  | **MML** |  |  |  |  |  |  |  |
|  | **American** | **MML** |  | **MML** | **MML** |  |  | **MML** |
|  | **Funds** | **Balanced** | **MML** | **Blue Chip** | **Conservative** | **MML** | **MML** | **Equity** |
|  | **International** | **Allocation** | **Blend** | **Growth** | **Allocation** | **Equity** | **Equity Income** | **Index** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $441911 | $3242591 | $2599051 | $5596013 | $2738820 | $4258750 | $3866533 | $1976180 |
| Proceeds from sales | (1630621) | (2575291) | (7121739) | (2591018) | (1715743) | (3732345) | (2423875) | (2105352) |
|  | **MML** |  | **MML** | **MML** |  | **MML** |  | **MML** |
|  | **Focused** | **MML** | **Fundamental** | **Fundamental** | **MML** | **Growth** | **MML** | **Income** |
|  | **Equity** | **Foreign** | **Equity** | **Value** | **Global** | **Allocation** | **High Yield** | **& Growth** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $175759 | $1066183 | $365789 | $619861 | $7535304 | $8821742 | $411847 | $2985931 |
| Proceeds from sales | (37930) | (1009456) | (165892) | (426301) | (1312968) | (5674735) | (384515) | (3585253) |

---

***Notes To Financial Statements*** *(Continued)*

 

&nbsp;&nbsp;&nbsp;&nbsp;***6.***  ***PURCHASE AND SALES OF INVESTMENTS (Continued)*** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**Inflation-**<br>**Protected**<br>**and Income**<br>**Sub-Account** |<br>**MML**<br>**International**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Large Cap**<br>**Growth**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Volatility**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Value**<br>**Sub-Account** |
|  | | | | **(Initial Class)** | **(Service Class)** | |  | |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $1184319 | $155834 | $1652136 | $1098569 | $124917 | $137634 | $20473351 | $11379721 |
| Proceeds from sales | (1448269) | (11332) | (1543633) | (3246168) | (266820) | (1310623) | (8344213) | (6360633) |
|  |  |  |  |  |  |  | **MML** |  |
|  | **MML** | **MML** | **MML** | **MML** | **MML** | **MML** | **Strategic** | **MML** |
|  | **Moderate** | **Short-Duration** | **Small Cap** | **Small Cap** | **Small** | **Small/Mid Cap** | **Emerging** | **Sustainable** |
|  | **Allocation** | **Bond** | **Equity** | **Growth Equity** | **Company Value** | **Value** | **Markets** | **Equity** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $7476793 | $369653 | $2601221 | $3798519 | $556552 | $3615733 | $464000 | $4827072 |
| Proceeds from sales | (9500880) | (428495) | (2374759) | (1108399) | (96580) | (1731977) | (102881) | (3529827) |
|  | **MML** |  | **PIMCO** | **VY®** |  |  |  |  |
|  | **Total** | **MML U.S.** | **Commodity-** | **CBRE** |  |  |  |  |
|  | **Return** | **Government** | **RealReturn®** | **Global** |  |  |  |  |
|  | **Bond** | **Money Market** | **Strategy** | **Real Estate** |  |  |  |  |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |  |  |  |  |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $224256 | $5641340 | $2331112 | $251432 |  |  |  |  |
| Proceeds from sales | (794744) | (5544229) | (1316658) | (433503) |  |  |  |  |

---

***Notes To Financial Statements*** *(Continued)*

 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Fidelity®**<br> **VIP**<br>**Contrafund®**<br>**Sub-Account** | **Invesco**<br>**Oppenheimer V.I.**<br>**International**<br>**Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Capital**<br>**Appreciation**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Conservative**<br>**Balanced**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Core Bond**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Discovery**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Diversified**<br>**Dividend**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Global Strategic**<br>**Income**<br>**Sub-Account** |
| **<u>2021</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $15677410 | $2290177 | $3663909 | $1032073 | $285446 | $4836367 | $476576 | $2610669 |
| Proceeds from sales | (16851309) | (3305073) | (8142185) | (1064255) | (607778) | (6473359) | (854612) | (3601939) |

---

 ****

***6.***  ***PURCHASE AND SALES OF INVESTMENTS (Continued)***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**Invesco V.I.**<br> **Global** <br> **Sub-Account** | <br>**Invesco V.I.**<br> **Health Care**<br> **Sub-Account** | <br>**Invesco V.I.**<br> **Main Street**<br> **Sub-Account** | <br>**Invesco V.I.**<br> **Technology**<br> **Sub-Account** | <br> **Invesco V.I.**<br> **U.S. Government** <br> **Money**<br> **Sub-Account** | <br> **MML**<br> **Aggressive**<br> **Allocation**<br> **Sub-Account** | **MML**<br> **American**<br> **Funds**<br> **Core Allocation**<br> **Sub-Account** | **MML**<br> **American**<br> **Funds**<br> **Growth**<br> **Sub-Account** |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $6063495 | $1698035 | $3865618 | $1287982 | $247683 | $3442422 | $2836604 | $1852663 |
| Proceeds from sales | (13134651) | (1380200) | (7014317) | (1749576) | (890084) | (3845612) | (2472770) | (2420809) |
|  | **MML**<br> **American**<br> **Funds**<br> **International**<br> **Sub-Account** | <br> **MML**<br> **Balanced**<br> **Allocation**<br> **Sub-Account** | <br>**MML**<br> **Blend**<br> **Sub-Account** | <br> **MML**<br> **Blue Chip**<br> **Growth**<br> **Sub-Account** | <br> **MML**<br> **Conservative**<br> **Allocation**<br> **Sub-Account** | <br>**MML**<br> **Equity**<br> **Sub-Account** | **MML**<br> **Equity Income**<br> **Sub-Account** | <br> **MML**<br> **Equity**<br> **Index**<br> **Sub-Account** |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $132026 | $3497800 | $21863270 | $4558841 | $4774367 | $1036490 | $1050324 | $1757090 |
| Proceeds from sales | (295737) | (4035731) | (8231068) | (5216551) | (5500187) | (4586910) | (2964090) | (3262351) |
|  | **MML**<br> **Focused**<br> **Equity**<br> **Sub-Account** | <br> **MML**<br> **Foreign**<br> **Sub-Account** | **MML**<br> **Fundamental**<br> **Equity**<br> **Sub-Account** | **MML**<br> **Fundamental**<br> **Value**<br> **Sub-Account** | <br> **MML**<br> **Global**<br> **Sub-Account** | **MML**<br> **Growth**<br> **& Income**<br> **Sub-Account** | **MML**<br> **Growth**<br> **Allocation**<br> **Sub-Account** | <br> **MML**<br> **High Yield**<br> **Sub-Account** |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $174536 | $359267 | $178475 | $361045 | $1526329 | $2473281 | $6865744 | $771492 |
| Proceeds from sales | (109737) | (1078709) | (92326) | (216407) | (1583219) | (5032045) | (6473988) | (370617) |

---

***Notes To Financial Statements*** *(Continued)*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**MML**<br>**Income**<br>**& Growth**<br>**Sub-Account** | **MML**<br>**Inflation-**<br>**Protected**<br>**and Income**<br>**Sub-Account** |<br>**MML**<br>**International**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Large Cap**<br>**Growth**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Volatility**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Growth**<br>**Sub-Account** |
|  | | | | | **(Initial Class)** | **(Service Class)** |  | |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $880412 | $1813900 | $35549 | $2207240 | $2485790 | $433582 | $323468 | $20127582 |
| Proceeds from sales | (2732935) | (1389496) | (93436) | (2794283) | (2699341) | (419826) | (1161657) | (14858118) |

---

&nbsp;&nbsp;&nbsp;&nbsp;***6.***  ***PURCHASE AND SALES OF INVESTMENTS (Continued)*** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**MML**<br>**Mid Cap Value**<br>**Sub-Account** | <br>**MML**<br>**Moderate**<br>**Allocation**<br>**Sub-Account** | <br>**MML**<br>**Short-Duration**<br>**Bond**<br>**Sub-Account** | <br>**MML**<br>**Small Cap**<br>**Equity**<br>**Sub-Account** | <br>**MML**<br>**Small Cap**<br>**Growth Equity**<br>**Sub-Account** | <br>**MML**<br>**Small**<br>**Company Value**<br>**Sub-Account** | <br>**MML**<br>**Small/Mid Cap**<br>**Value**<br>**Sub-Account** | **MML**<br>**Strategic**<br>**Emerging**<br>**Markets**<br>**Sub-Account** |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $2231342 | $7062514 | $235999 | $1887915 | $3077413 | $128648 | $635613 | $351200 |
| Proceeds from sales | (6215894) | (9527169) | (491742) | (3357876) | (2955502) | (157142) | (2705167) | (132833) |
|  | **MML** |  | **PIMCO** | **VY®** |  |  |  |  |
|  | **Total** | **MML U.S.** | **Commodity-** | **Clarion** |  |  |  |  |
|  | **Return** | **Government** | **RealReturn®** | **Global** |  |  |  |  |
|  | **Bond** | **Money Market** | **Strategy** | **Real Estate** |  |  |  |  |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |  |  |  |  |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Cost of purchases | $656648 | $5246802 | $434047 | $315480 |  |  |  |  |
| Proceeds from sales | (682359) | (7528553) | (300659) | (272355) |  |  |  |  |

---

***Notes To Financial Statements*** *(Continued)*

***7.***  ***NET INCREASE (DECREASE) IN OUTSTANDING UNITS***

 ****

The changes in outstanding units for each of the years or periods in the two-year period ended December 31, 2022 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Fidelity®**<br> **VIP**<br>**Contrafund®**<br>**Sub-Account** | **Invesco**<br>**Oppenheimer V.I.**<br>**International**<br>**Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Capital**<br>**Appreciation**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Conservative**<br>**Balanced**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Core Plus Bond**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Discovery**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Diversified**<br>**Dividend**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Global Strategic**<br>**Income**<br>**Sub-Account** |
| **<u>2022</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 25710 | 50301 | 14153 | 2867 | 207 | 11979 | 3941 | 17530 |
| Units withdrawn | (183290) | (64409) | (142860) | (70142) | (29888) | (95656) | (18799) | (126328) |
| Units transferred between Sub-Accounts and to/from General Account | (23502) | (24477) | (14621) | (4288) | (3082) | (382) | 5736 | (32275) |
| Net increase (decrease) | (181082) | (38585) | (143328) | (71563) | (32763) | (84059) | (9122) | (141073) |
|  |  |  |  |  |  |  | **MML** | **MML** |
|  |  |  |  |  | **Invesco V.I.** | **MML** | **American** | **American** |
|  | **Invesco V.I.** | **Invesco V.I.** | **Invesco V.I.** | **Invesco V.I.** | **U.S. Government** | **Aggressive** | **Funds** | **Funds** |
|  | **Global** | **Health Care** | **Main Street** | **Technology** | **Money** | **Allocation** | **Core Allocation** | **Growth** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 25675 | 4036 | 5847 | 9333 | 5270 | 36881 | 22747 | 4061 |
| Units withdrawn | (192747) | (22423) | (153179) | (50107) | (49306) | (134242) | (47516) | (12415) |
| Units transferred between Sub-Accounts and to/from General Account | 17490 | (3251) | (15256) | 4948 | 27563 | (37555) | (1452) | 3956 |
| Net increase (decrease) | (149582) | (21638) | (162588) | (35826) | (16473) | (134916) | (26221) | (4398) |
|  | **MML** |  |  |  |  |  |  |  |
|  | **American** | **MML** |  | **MML** | **MML** |  |  | **MML** |
|  | **Funds** | **Balanced** | **MML** | **Blue Chip** | **Conservative** | **MML** | **MML** | **Equity** |
|  | **International** | **Allocation** | **Blend** | **Growth** | **Allocation** | **Equity** | **Equity Income** | **Index** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 2993 | 28154 | 28416 | 8349 | 25449 | 7346 | 5909 | 6280 |
| Units withdrawn | (11226) | (108781) | (222438) | (38060) | (79771) | (102218) | (44896) | (54028) |
| Units transferred between Sub-Accounts and to/from General Account | (78116) | (1016) | (17185) | 5441 | 8802 | (22110) | 5921 | 7552 |
| Net increase (decrease) | (86349) | (81643) | (211207) | (24270) | (45520) | (116982) | (33066) | (40196) |
|  | **MML** |  | **MML** | **MML** |  | **MML** |  | **MML** |
|  | **Focused** | **MML** | **Fundamental** | **Fundamental** | **MML** | **Growth** | **MML** | **Income** |
|  | **Equity** | **Foreign** | **Equity** | **Value** | **Global** | **Allocation** | **High Yield** | **& Growth** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 450 | 8045 | 1135 | 1516 | 5036 | 87670 | 6285 | 5415 |
| Units withdrawn | (724) | (60923) | (1325) | (10444) | (60485) | (247267) | (13164) | (95975) |
| Units transferred between Sub-Accounts and to/from General Account | 2674 | 7943 | 999 | 6873 | 1856 | (6305) | (1325) | (22440) |
| Net increase (decrease) | 2400 | (44935) | 809 | (2055) | (53593) | (165902) | (8204) | (113000) |

---

***Notes To Financial Statements*** *(Continued)*

***7.***  ***NET INCREASE (DECREASE) IN OUTSTANDING UNITS (Continued)***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**Inflation-**<br>**Protected**<br>**and Income**<br>**Sub-Account** |<br>**MML**<br>**International**<br>**Equity**<br>**Sub-Account** |<br>**MML**<br>**Large Cap**<br>**Growth**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** |<br>**MML**<br>**Managed**<br>**Volatility**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Value**<br>**Sub-Account** |
| **<u>2022 (Continued)</u>** | | | | **(Initial Class)** | **(Service Class)** | |  | |
| Units purchased | 10888 | 487 | 5175 | 20139 | 778 | 7608 | 9081 | 6868 |
| Units withdrawn | (66936) | (783) | (49547) | (116971) | (13624) | (57445) | (98673) | (83096) |
| Units transferred between Sub-Accounts and to/from General Account | (11060) | 13961 | (829) | (40809) | (3034) | (16314) | (6316) | (22138) |
| Net increase (decrease) | (67108) | 13665 | (45201) | (137641) | (15880) | (66151) | (95908) | (98366) |
|  |  |  |  |  |  |  | **MML** |  |
|  | **MML** | **MML** | **MML** | **MML** | **MML** | **MML** | **Strategic** | **MML** |
|  | **Moderate** | **Short-Duration** | **Small Cap** | **Small Cap** | **Small** | **Small/Mid Cap** | **Emerging** | **Sustainable** |
|  | **Allocation** | **Bond** | **Equity** | **Growth Equity** | **Company Value** | **Value** | **Markets** | **Equity** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 96071 | 1745 | 4825 | 3614 | 986 | 5159 | 2344 | 6889 |
| Units withdrawn | (437625) | (27832) | (35025) | (20753) | (2007) | (29212) | (4818) | (67417) |
| Units transferred between Sub-Accounts and to/from General Account | (74697) | 16084 | (12000) | 340 | 343 | (3638) | 4729 | (11190) |
| Net increase (decrease) | (416251) | (10003) | (42200) | (16799) | (678) | (27691) | 2255 | (71718) |
|  | **MML**<br> **Total**<br> **Return**<br> **Bond**<br> **Sub-Account** | <br> **MML U.S.**<br> **Government**<br> **Money Market**<br> **Sub-Account** | **PIMCO**<br> **Commodity-**<br> **RealReturn®** <br> **Strategy**<br> **Sub-Account** | **VY®**<br> **CBRE**<br> **Global**<br> **Real Estate**<br> **Sub-Account** |  |  |  |  |
| **<u>2022 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 5084 | 39939 | 5391 | 2143 |  |  |  |  |
| Units withdrawn | (23046) | (452074) | (16476) | (10837) |  |  |  |  |
| Units transferred between Sub-Accounts and to/from General Account | (34792) | 422480 | 59282 | (9335) |  |  |  |  |
| Net increase (decrease) | (52754) | 10345 | 48197 | (18029) |  |  |  |  |

---

***Notes To Financial Statements*** *(Continued)*

***7.***  ***NET INCREASE (DECREASE) IN OUTSTANDING UNITS (Continued)***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>**Fidelity®**<br> **VIP**<br>**Contrafund®**<br>**Sub-Account** | **Invesco**<br>**Oppenheimer V.I.**<br>**International**<br>**Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Capital**<br>**Appreciation**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Conservative**<br>**Balanced**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Core Bond**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Discovery**<br>**Mid Cap Growth**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Diversified**<br>**Dividend**<br>**Sub-Account** |<br>**Invesco V.I.**<br>**Global Strategic**<br>**Income**<br>**Sub-Account** |
| **<u>2021</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 29312 | 13533 | 18686 | 6532 | 241 | 11085 | 20248 | 20095 |
| Units withdrawn | (225489) | (76991) | (163065) | (46693) | (31164) | (169121) | (35128) | (145416) |
| Units transferred between Sub-Accounts and to/from General Account | (41580) | (16419) | (41593) | 5495 | (1643) | (45000) | (13143) | 35853 |
| Net increase (decrease) | (237757) | (79876) | (185973) | (34666) | (32566) | (203036) | (28023) | (89468) |
|  |  |  |  |  |  |  | **MML** | **MML** |
|  |  |  |  |  | **Invesco V.I.** | **MML** | **American** | **American** |
|  | **Invesco V.I.** | **Invesco V.I.** | **Invesco V.I.** | **Invesco V.I.** | **U.S. Government** | **Aggressive** | **Funds** | **Funds** |
|  | **Global** | **Health Care** | **Main Street** | **Technology** | **Money** | **Allocation** | **Core Allocation** | **Growth** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 27037 | 14128 | 16886 | 14434 | 16682 | 46498 | 23832 | 5067 |
| Units withdrawn | (204361) | (23194) | (181806) | (43247) | (44353) | (44538) | (41290) | (24221) |
| Units transferred between Sub-Accounts and to/from General Account | (46769) | (8151) | (16432) | (47319) | (26791) | (67723) | 19198 | 6658 |
| Net increase (decrease) | (224093) | (17218) | (181352) | (76132) | (54462) | (65763) | 1741 | (12496) |
|  | **MML** |  |  |  |  |  |  |  |
|  | **American** | **MML** |  | **MML** | **MML** |  |  | **MML** |
|  | **Funds** | **Balanced** | **MML** | **Blue Chip** | **Conservative** | **MML** | **MML** | **Equity** |
|  | **International** | **Allocation** | **Blend** | **Growth** | **Allocation** | **Equity** | **Equity Income** | **Index** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 3734 | 48810 | 55726 | 10514 | 27412 | 16613 | 8284 | 12021 |
| Units withdrawn | (9739) | (164900) | (229551) | (51754) | (112132) | (146702) | (57955) | (70669) |
| Units transferred between Sub-Accounts and to/from General Account | (1340) | 52258 | 8535 | (12740) | 18026 | (24461) | (18354) | (16892) |
| Net increase (decrease) | (7345) | (63832) | (165291) | (53979) | (66694) | (154550) | (68025) | (75540) |
|  | **MML** |  | **MML** | **MML** |  | **MML** | **MML** |  |
|  | **Focused** | **MML** | **Fundamental** | **Fundamental** | **MML** | **Growth** | **Growth** | **MML** |
|  | **Equity** | **Foreign** | **Equity** | **Value** | **Global** | **& Income** | **Allocation** | **High Yield** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 566 | 8521 | 1910 | 1935 | 7001 | 7986 | 107745 | 6795 |
| Units withdrawn | (3282) | (52175) | (161) | (4573) | (49686) | (96956) | (196408) | (13304) |
| Units transferred between Sub-Accounts and to/from General Account | 3278 | (7802) | (1565) | 8371 | (16913) | (12929) | (17763) | 16038 |
| Net increase (decrease) | 562 | (51456) | 183 | 5733 | (59598) | (101900) | (106425) | 9529 |

---

***Notes To Financial Statements*** *(Continued)*

***7.***  ***NET INCREASE (DECREASE) IN OUTSTANDING UNITS (Continued)***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **MML**<br>**Income**<br>**& Growth**<br>**Sub-Account** | **Inflation-**<br>**Protected**<br>**and Income**<br>**Sub-Account** | **MML**<br>**International**<br>**Equity**<br>**Sub-Account** | **MML**<br>**Large Cap**<br>**Growth**<br>**Sub-Account** | **MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** | **MML**<br>**Managed**<br>**Bond**<br>**Sub-Account** | **MML**<br>**Managed**<br>**Volatility**<br>**Sub-Account** |<br>**MML**<br>**Mid Cap Growth**<br>**Sub-Account** |
| **<u>2021 (Continued)</u>** | | | | | **(Initial Class)** | **(Service Class)** | | |
| Units purchased | 7755 | 14825 | 210 | 5054 | 26655 | 1047 | 6380 | 14392 |
| Units withdrawn | (72927) | (79828) | (2139) | (70396) | (115798) | (10898) | (61515) | (121873) |
| Units transferred between Sub-Accounts and to/from General Account | (7842) | 44651 | (2889) | (6486) | 37013 | 4500 | 9777 | (29629) |
| Net increase (decrease) | (73014) | (20352) | (4818) | (71828) | (52129) | (5351) | (45359) | (137109) |
|  |  |  |  |  |  |  |  | **MML** |
|  |  | **MML** | **MML** | **MML** | **MML** | **MML** | **MML** | **Strategic** |
|  | **MML** | **Moderate** | **Short-Duration** | **Small Cap** | **Small Cap** | **Small** | **Small/Mid Cap** | **Emerging** |
|  | **Mid Cap Value** | **Allocation** | **Bond** | **Equity** | **Growth Equity** | **Company Value** | **Value** | **Markets** |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 10296 | 111016 | 1778 | 7079 | 3953 | 1158 | 6579 | 1779 |
| Units withdrawn | (90872) | (274750) | (30770) | (44544) | (36427) | (2545) | (38528) | (4647) |
| Units transferred between Sub-Accounts and to/from General Account | (12164) | (73568) | 1895 | (16132) | (13287) | (780) | (12457) | 1824 |
| Net increase (decrease) | (92740) | (237303) | (27097) | (53596) | (45761) | (2167) | (44407) | (1044) |
|  | **MML** |  | **PIMCO** | **VY®** |  |  |  |  |
|  | **Total** | **MML U.S.** | **Commodity-** | **Clarion** |  |  |  |  |
|  | **Return** | **Government** | **RealReturn®** | **Global** |  |  |  |  |
|  | **Bond** | **Money Market** | **Strategy** | **Real Estate** |  |  |  |  |
|  | **Sub-Account** | **Sub-Account** | **Sub-Account** | **Sub-Account** |  |  |  |  |
| **<u>2021 (Continued)</u>** |  |  |  |  |  |  |  |  |
| Units purchased | 5482 | 43999 | 4963 | 2140 |  |  |  |  |
| Units withdrawn | (34135) | (607625) | (30218) | (11958) |  |  |  |  |
| Units transferred between Sub-Accounts and to/from General Account | 13232 | 336371 | 38387 | 10072 |  |  |  |  |
| Net increase (decrease) | (15421) | (227256) | 13132 | 254 |  |  |  |  |

---

***Notes To Financial Statements*** *(Continued)*

&nbsp;&nbsp;&nbsp;&nbsp;***8.***  ***FINANCIAL HIGHLIGHTS*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** A summary of units outstanding, unit values, net assets, investment income ratios, expense ratios (excluding expenses of the underlying funds) and total return ratios for each of the years or periods in the five-year period ended December 31, 2022 follows:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** |
|  | | **Unit Value<sup>3</sup>** | **Unit Value<sup>3</sup>** | | | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** |
|  | <br>**Units** | **(Lowest to Highest)** | **(Lowest to Highest)** | <br>**Net Assets** | **Investment**<br>**Income**<br>**Ratio<sup>1</sup>** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** |
| **Fidelity® VIP Contrafund® Sub-Account** | **Fidelity® VIP Contrafund® Sub-Account** | **Fidelity® VIP Contrafund® Sub-Account** | **Fidelity® VIP Contrafund® Sub-Account** | **Fidelity® VIP Contrafund® Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 1770324 | $39.54 | $41.96 | $81982651 | 0.49% | 1.18% | to | 1.65% | (27.52)% | to | (27.18)% |
| 2021 | 1951405 | 54.29 | 57.89 | 124165635 | 0.06 | 1.18 | to | 1.65 | 25.74 | to | 26.34 |
| 2020 | 2189162 | 42.98 | 46.03 | 111040179 | 0.25 | 1.18 | to | 1.65 | 28.43 | to | 29.04 |
| 2019 | 2458365 | 33.31 | 35.84 | 97058586 | 0.45 | 1.18 | to | 1.65 | 29.43 | to | 30.04 |
| 2018 | 2852362 | 25.61 | 27.69 | 86647526 | 0.69 | 1.18 | to | 1.65 | (7.92) | to | (7.48) |
| **Invesco Oppenheimer V.I. International Growth Sub-Account** | **Invesco Oppenheimer V.I. International Growth Sub-Account** | **Invesco Oppenheimer V.I. International Growth Sub-Account** | **Invesco Oppenheimer V.I. International Growth Sub-Account** | **Invesco Oppenheimer V.I. International Growth Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 625287 | 16.55 | 21.34 | 13862350 |  | 1.18 | to | 1.65 | (28.32) | to | (27.98) |
| 2021 | 663871 | 22.98 | 29.77 | 20843401 |  | 1.18 | to | 1.65 | 8.42 | to | 8.93 |
| 2020 | 743747 | 21.09 | 27.46 | 21692340 | 0.95 | 1.18 | to | 1.65 | 19.51 | to | 20.08 |
| 2019 | 821541 | 17.57 | 22.97 | 20045116 | 1.05 | 1.18 | to | 1.65 | 26.50 | to | 27.09 |
| 2018 | 932853 | 13.82 | 18.16 | 17956909 | 0.87 | 1.18 | to | 1.65 | (20.74) | to | (20.37) |
| **Invesco V.I. Capital Appreciation Sub-Account**<sup>4</sup> | **Invesco V.I. Capital Appreciation Sub-Account**<sup>4</sup> | **Invesco V.I. Capital Appreciation Sub-Account**<sup>4</sup> | **Invesco V.I. Capital Appreciation Sub-Account**<sup>4</sup> | **Invesco V.I. Capital Appreciation Sub-Account**<sup>4</sup> |  |  |  |  |  |  |  |
| 2022 | 1395741 | 21.78 | 28.44 | 36335263 |  | 1.18 | to | 1.65 | (31.91) | to | (31.59) |
| 2021 | 1539070 | 31.84 | 41.77 | 58865288 |  | 1.18 | to | 1.65 | 20.56 | to | 21.13 |
| 2020 | 1725042 | 26.28 | 34.65 | 54747632 |  | 1.18 | to | 1.65 | 34.35 | to | 34.99 |
| 2019 | 1928344 | 19.47 | 25.79 | 45353353 | 0.06 | 1.18 | to | 1.65 | 33.97 | to | 34.60 |
| 2018 | 2206998 | 14.47 | 19.25 | 38605250 | 0.32 | 1.18 | to | 1.65 | (7.28) | to | (6.84) |
| **Invesco V.I. Conservative Balanced Sub-Account**<sup>4</sup> | **Invesco V.I. Conservative Balanced Sub-Account**<sup>4</sup> | **Invesco V.I. Conservative Balanced Sub-Account**<sup>4</sup> | **Invesco V.I. Conservative Balanced Sub-Account**<sup>4</sup> | **Invesco V.I. Conservative Balanced Sub-Account**<sup>4</sup> |  |  |  |  |  |  |  |
| 2022 | 538086 | 15.41 | 16.52 | 8810666 | 1.33 | 1.18 | to | 1.65 | (18.21) | to | (17.83) |
| 2021 | 609649 | 18.84 | 20.11 | 12168551 | 1.50 | 1.18 | to | 1.65 | 8.82 | to | 9.34 |
| 2020 | 644315 | 17.32 | 18.39 | 11783178 | 2.03 | 1.18 | to | 1.65 | 12.98 | to | 13.51 |
| 2019 | 735358 | 15.33 | 16.20 | 11866075 | 2.26 | 1.18 | to | 1.65 | 15.59 | to | 16.14 |
| 2018 | 880582 | 13.26 | 13.95 | 12256381 | 1.95 | 1.18 | to | 1.65 | (6.88) | to | (6.44) |
| **Invesco V.I. Core Plus Bond Sub-Account**<sup>5</sup> | **Invesco V.I. Core Plus Bond Sub-Account**<sup>5</sup> | **Invesco V.I. Core Plus Bond Sub-Account**<sup>5</sup> | **Invesco V.I. Core Plus Bond Sub-Account**<sup>5</sup> | **Invesco V.I. Core Plus Bond Sub-Account**<sup>5</sup> |  |  |  |  |  |  |  |
| 2022 | 241891 |  | 13.65 | 3302845 | 1.94 |  |  | 1.40 |  |  | (15.22) |
| 2021 | 274654 |  | 16.11 | 4423554 | 2.06 |  |  | 1.40 |  |  | (3.02) |
| 2020 | 307220 |  | 16.61 | 5101912 | 3.04 |  |  | 1.40 |  |  | 8.18 |
| 2019 | 344378 |  | 15.35 | 5286348 | 3.36 |  |  | 1.40 |  |  | 8.00 |
| 2018 | 403191 |  | 14.21 | 5730494 | 3.34 |  |  | 1.40 |  |  | (2.41) |
| **Invesco V.I. Discovery Mid Cap Growth Sub-Account**<sup>4</sup> | **Invesco V.I. Discovery Mid Cap Growth Sub-Account**<sup>4</sup> | **Invesco V.I. Discovery Mid Cap Growth Sub-Account**<sup>4</sup> | **Invesco V.I. Discovery Mid Cap Growth Sub-Account**<sup>4</sup> | **Invesco V.I. Discovery Mid Cap Growth Sub-Account**<sup>4</sup> |  |  |  |  |  |  |  |
| 2022 | 1308273 | 14.78 | 25.23 | 25719155 |  | 1.18 | to | 1.65 | (32.11) | to | (31.79) |
| 2021 | 1392332 | 21.67 | 37.16 | 40398560 |  | 1.18 | to | 1.65 | 17.15 | to | 17.70 |
| 2020 | 1595368 | 18.41 | 31.72 | 39287678 | 0.04 | 1.18 | to | 1.65 | 38.39 | to | 39.04 |
| 2019 | 1770670 | 13.24 | 22.92 | 31302242 |  | 1.18 | to | 1.65 | 37.08 | to | 37.73 |
| 2018 | 2000926 | 9.61 | 16.72 | 25803288 |  | 1.18 | to | 1.65 | (7.63) | to | (7.19) |
| **Invesco V.I. Diversified Dividend Sub-Account** | **Invesco V.I. Diversified Dividend Sub-Account** | **Invesco V.I. Diversified Dividend Sub-Account** | **Invesco V.I. Diversified Dividend Sub-Account** | **Invesco V.I. Diversified Dividend Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 203141 | 14.71 | 15.28 | 3160867 | 1.87 | 1.18 | to | 1.65 | (3.29) | to | (2.83) |
| 2021 | 212263 | 15.14 | 15.80 | 3409922 | 2.10 | 1.18 | to | 1.65 | 16.95 | to | 17.50 |
| 2020 | 240286 | 12.89 | 13.51 | 3284410 | 3.04 | 1.18 | to | 1.65 | (1.50) | to | (1.03) |
| 2019 | 269088 | 13.02 | 13.72 | 3741363 | 2.91 | 1.18 | to | 1.65 | 23.04 | to | 23.62 |
| 2018 | 305713 | 10.53 | 11.15 | 3439650 | 2.30 | 1.18 | to | 1.65 | (9.10) | to | (8.66) |
| **Invesco V.I. Global Strategic Income Sub-Account**<sup>4</sup> | **Invesco V.I. Global Strategic Income Sub-Account**<sup>4</sup> | **Invesco V.I. Global Strategic Income Sub-Account**<sup>4</sup> | **Invesco V.I. Global Strategic Income Sub-Account**<sup>4</sup> | **Invesco V.I. Global Strategic Income Sub-Account**<sup>4</sup> |  |  |  |  |  |  |  |
| 2022 | 1157751 | 18.05 | 19.16 | 22274993 |  | 1.18 | to | 1.65 | (12.91) | to | (12.50) |
| 2021 | 1298824 | 20.73 | 21.90 | 28594630 | 4.61 | 1.18 | to | 1.65 | (4.99) | to | (4.55) |
| 2020 | 1388293 | 21.82 | 22.94 | 32056685 | 5.65 | 1.18 | to | 1.65 | 1.71 | to | 2.19 |
| 2019 | 1613991 | 21.45 | 22.45 | 36509037 | 3.79 | 1.18 | to | 1.65 | 8.99 | to | 9.50 |
| 2018 | 1846534 | 19.68 | 20.50 | 38180577 | 4.96 | 1.18 | to | 1.65 | (5.97) | to | (5.53) |

---

***Notes To Financial Statements*** *(Continued)*

***8.***  ***FINANCIAL HIGHLIGHTS (Continued)***

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** |
|  | | **Unit Value<sup>3</sup>** | **Unit Value<sup>3</sup>** | | | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** |
|  | <br>**Units** | **(Lowest to Highest)** | **(Lowest to Highest)** | <br>**Net Assets** | **Investment**<br>**Income**<br>**Ratio<sup>1</sup>** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** |
| **Invesco V.I. Global Sub-Account⁴** | **Invesco V.I. Global Sub-Account⁴** | **Invesco V.I. Global Sub-Account⁴** | **Invesco V.I. Global Sub-Account⁴** | **Invesco V.I. Global Sub-Account⁴** |  |  |  |  |  |  |  |
| 2022 | 1800117 | $27.66 | $37.76 | $59290668 | -% | 1.18% | to | 1.65% | (32.88)% | to | (32.57)% |
| 2021 | 1949699 | 41.02 | 56.26 | 95547935 |  | 1.18 | to | 1.65 | 13.60 | to | 14.13 |
| 2020 | 2173793 | 35.94 | 49.52 | 93637809 | 0.69 | 1.18 | to | 1.65 | 25.55 | to | 26.14 |
| 2019 | 2454009 | 28.49 | 39.45 | 84208630 | 0.91 | 1.18 | to | 1.65 | 29.63 | to | 30.24 |
| 2018 | 2838202 | 21.88 | 30.43 | 75021984 | 0.99 | 1.18 | to | 1.65 | (14.61) | to | (14.20) |
| **Invesco V.I. Health Care Sub-Account** | **Invesco V.I. Health Care Sub-Account** | **Invesco V.I. Health Care Sub-Account** | **Invesco V.I. Health Care Sub-Account** | **Invesco V.I. Health Care Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 232075 | 31.05 | 32.52 | 7663303 |  | 1.18 | to | 1.65 | (14.73) | to | (14.33) |
| 2021 | 253713 | 36.24 | 38.14 | 9806628 | 0.21 | 1.18 | to | 1.65 | 10.46 | to | 10.98 |
| 2020 | 270930 | 32.66 | 34.53 | 9445838 | 0.32 | 1.18 | to | 1.65 | 12.59 | to | 13.12 |
| 2019 | 301899 | 28.87 | 30.67 | 9295690 | 0.04 | 1.18 | to | 1.65 | 30.34 | to | 30.95 |
| 2018 | 337447 | 22.05 | 23.53 | 7943284 |  | 1.18 | to | 1.65 | (0.76) | to | (0.29) |
| **Invesco V.I. Main Street Sub-Account⁴** | **Invesco V.I. Main Street Sub-Account⁴** | **Invesco V.I. Main Street Sub-Account⁴** | **Invesco V.I. Main Street Sub-Account⁴** | **Invesco V.I. Main Street Sub-Account⁴** |  |  |  |  |  |  |  |
| 2022 | 1414996 | 25.54 | 26.76 | 38464419 | 1.45 | 1.18 | to | 1.65 | (21.44) | to | (21.07) |
| 2021 | 1577583 | 32.36 | 34.07 | 54425683 | 0.69 | 1.18 | to | 1.65 | 25.48 | to | 26.07 |
| 2020 | 1758935 | 25.67 | 27.15 | 48247129 | 1.48 | 1.18 | to | 1.65 | 12.08 | to | 12.61 |
| 2019 | 2019490 | 22.79 | 24.22 | 49289876 | 1.06 | 1.18 | to | 1.65 | 29.92 | to | 30.53 |
| 2018 | 2295601 | 17.46 | 18.64 | 42970499 | 1.16 | 1.18 | to | 1.65 | (9.40) | to | (8.97) |
| **Invesco V.I. Technology Sub-Account** | **Invesco V.I. Technology Sub-Account** | **Invesco V.I. Technology Sub-Account** | **Invesco V.I. Technology Sub-Account** | **Invesco V.I. Technology Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 475023 | 7.53 | 7.85 | 3771368 |  | 1.18 | to | 1.65 | (40.93) | to | (40.65) |
| 2021 | 510849 | 12.75 | 13.23 | 6848055 |  | 1.18 | to | 1.65 | 12.54 | to | 13.07 |
| 2020 | 586980 | 11.33 | 11.70 | 6967630 |  | 1.18 | to | 1.65 | 43.73 | to | 44.40 |
| 2019 | 642180 | 7.88 | 8.10 | 5282975 |  | 1.18 | to | 1.65 | 33.66 | to | 34.29 |
| 2018 | 802248 | 5.90 | 6.03 | 4919840 |  | 1.18 | to | 1.65 | (2.09) | to | (1.63) |
| **Invesco V.I. U.S. Government Money Sub-Account⁴** | **Invesco V.I. U.S. Government Money Sub-Account⁴** | **Invesco V.I. U.S. Government Money Sub-Account⁴** | **Invesco V.I. U.S. Government Money Sub-Account⁴** | **Invesco V.I. U.S. Government Money Sub-Account⁴** |  |  |  |  |  |  |  |
| 2022 | 412683 | 9.69 | 10.33 | 4454160 | 1.26 | 1.18 | to | 1.65 | (0.37) | to | 0.10 |
| 2021 | 429155 | 9.73 | 10.32 | 4661037 | 0.01 | 1.18 | to | 1.65 | (1.63) | to | (1.17) |
| 2020 | 483617 | 9.89 | 10.44 | 5303346 | 0.24 | 1.18 | to | 1.65 | (1.42) | to | (0.95) |
| 2019 | 588953 | 10.03 | 10.54 | 6553421 | 1.70 | 1.18 | to | 1.65 | 0.04 | to | 0.51 |
| 2018 | 657453 | 10.03 | 10.49 | 7280429 | 1.34 | 1.18 | to | 1.65 | (0.31) | to | 0.16 |
| **MML Aggressive Allocation Sub-Account** | **MML Aggressive Allocation Sub-Account** | **MML Aggressive Allocation Sub-Account** | **MML Aggressive Allocation Sub-Account** | **MML Aggressive Allocation Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 1051581 | 20.73 | 22.24 | 23360153 | 2.05 | 1.18 | to | 1.65 | (17.27) | to | (16.88) |
| 2021 | 1186496 | 25.06 | 26.76 | 31710549 | 1.24 | 1.18 | to | 1.65 | 14.74 | to | 15.28 |
| 2020 | 1252260 | 21.84 | 23.21 | 29017593 | 1.62 | 1.18 | to | 1.65 | 11.49 | to | 12.02 |
| 2019 | 1294689 | 19.59 | 20.72 | 26785270 | 1.96 | 1.18 | to | 1.65 | 21.91 | to | 22.48 |
| 2018 | 1347559 | 16.07 | 16.92 | 22764574 | 1.37 | 1.18 | to | 1.65 | (9.63) | to | (9.20) |
| **MML American Funds Core Allocation Sub-Account** | **MML American Funds Core Allocation Sub-Account** | **MML American Funds Core Allocation Sub-Account** | **MML American Funds Core Allocation Sub-Account** | **MML American Funds Core Allocation Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 469342 |  | 24.52 | 11509924 | 2.13 |  |  | 1.18 |  |  | (14.71) |
| 2021 | 495563 |  | 28.75 | 14249445 | 1.31 |  |  | 1.18 |  |  | 11.53 |
| 2020 | 493822 |  | 25.78 | 12731471 | 1.75 |  |  | 1.18 |  |  | 10.08 |
| 2019 | 521484 |  | 23.42 | 12213507 | 2.42 |  |  | 1.18 |  |  | 16.73 |
| 2018 | 556398 |  | 20.06 | 11163119 | 1.76 |  |  | 1.18 |  |  | (5.96) |
| **MML American Funds Growth Sub-Account** | **MML American Funds Growth Sub-Account** | **MML American Funds Growth Sub-Account** | **MML American Funds Growth Sub-Account** | **MML American Funds Growth Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 106486 |  | 50.28 | 5354146 | 0.43 |  |  | 1.18 |  |  | (31.11) |
| 2021 | 110885 |  | 72.99 | 8092910 |  |  |  | 1.18 |  |  | 20.12 |
| 2020 | 123381 |  | 60.76 | 7496621 | 0.72 |  |  | 1.18 |  |  | 49.64 |
| 2019 | 129472 |  | 40.60 | 5257131 | 0.32 |  |  | 1.18 |  |  | 28.70 |
| 2018 | 124277 |  | 31.55 | 3921010 | 0.27 |  |  | 1.18 |  |  | (1.82) |
| **MML American Funds International Sub-Account⁶** | **MML American Funds International Sub-Account⁶** | **MML American Funds International Sub-Account⁶** | **MML American Funds International Sub-Account⁶** | **MML American Funds International Sub-Account⁶** |  |  |  |  |  |  |  |
| 2022 |  |  |  |  |  |  |  |  |  |  |  |
| 2021 | 86348 |  | 22.52 | 1944596 | 0.12 |  |  | 1.18 |  |  | (3.11) |
| 2020 | 93693 |  | 23.24 | 2177663 | 0.99 |  |  | 1.18 |  |  | 12.11 |
| 2019 | 116551 |  | 20.73 | 2416294 | 2.71 |  |  | 1.18 |  |  | 20.88 |
| 2018 | 123514 |  | 17.15 | 2118403 | 0.85 |  |  | 1.18 |  |  | (14.54) |

---

***Notes To Financial Statements*** *(Continued)*

***8.***  ***FINANCIAL HIGHLIGHTS (Continued)***

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** |
|  | | **Unit Value<sup>3</sup>** | **Unit Value<sup>3</sup>** | | | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** |
|  | <br>**Units** | **(Lowest to Highest)** | **(Lowest to Highest)** | <br>**Net Assets** | **Investment**<br>**Income**<br>**Ratio<sup>1</sup>** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** |
| **MML Balanced Allocation Sub-Account** | **MML Balanced Allocation Sub-Account** | **MML Balanced Allocation Sub-Account** | **MML Balanced Allocation Sub-Account** | **MML Balanced Allocation Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 1163462 | $16.22 | $17.39 | $20054945 | 3.63% | 1.18% | to | 1.65% | (16.12)% | to | (15.73)% |
| 2021 | 1245106 | 19.33 | 20.64 | 25473633 | 1.26 | 1.18 | to | 1.65 | 8.18 | to | 8.69 |
| 2020 | 1308938 | 17.87 | 18.99 | 24673106 | 2.66 | 1.18 | to | 1.65 | 9.12 | to | 9.63 |
| 2019 | 1425889 | 16.38 | 17.32 | 24533294 | 2.55 | 1.18 | to | 1.65 | 14.84 | to | 15.38 |
| 2018 | 1548150 | 14.26 | 15.01 | 23095568 | 2.29 | 1.18 | to | 1.65 | (6.04) | to | (5.60) |
| **MML Blend Sub-Account** | **MML Blend Sub-Account** | **MML Blend Sub-Account** | **MML Blend Sub-Account** | **MML Blend Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 2117617 | 24.10 | 26.16 | 53407684 | 1.35 | 1.18 | to | 1.65 | (17.95) | to | (17.57) |
| 2021 | 2328823 | 29.38 | 31.74 | 71335958 | 2.12 | 1.18 | to | 1.65 | 13.14 | to | 13.68 |
| 2020 | 2494114 | 25.96 | 27.92 | 67254680 |  | 1.18 | to | 1.65 | 11.02 | to | 11.54 |
| 2019 | 2740641 | 23.39 | 25.03 | 66187864 | 2.42 | 1.18 | to | 1.65 | 19.40 | to | 19.96 |
| 2018 | 3077713 | 19.59 | 20.87 | 62141024 | 2.10 | 1.18 | to | 1.65 | (5.91) | to | (5.47) |
| **MML Blue Chip Growth Sub-Account** | **MML Blue Chip Growth Sub-Account** | **MML Blue Chip Growth Sub-Account** | **MML Blue Chip Growth Sub-Account** | **MML Blue Chip Growth Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 465455 | 41.72 | 45.76 | 20908978 |  | 1.18 | to | 1.65 | (40.49) | to | (40.21) |
| 2021 | 489724 | 70.10 | 76.53 | 36800409 |  | 1.18 | to | 1.65 | 14.44 | to | 14.97 |
| 2020 | 543704 | 61.26 | 66.56 | 35544312 |  | 1.18 | to | 1.65 | 32.20 | to | 32.83 |
| 2019 | 600266 | 46.34 | 50.11 | 29576500 |  | 1.18 | to | 1.65 | 27.72 | to | 28.32 |
| 2018 | 661091 | 36.28 | 39.05 | 25412017 |  | 1.18 | to | 1.65 | 0.20 | to | 0.68 |
| **MML Conservative Allocation Sub-Account** | **MML Conservative Allocation Sub-Account** | **MML Conservative Allocation Sub-Account** | **MML Conservative Allocation Sub-Account** | **MML Conservative Allocation Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 913423 | 15.40 | 16.52 | 14976095 | 3.93 | 1.18 | to | 1.65 | (16.13) | to | (15.74) |
| 2021 | 958943 | 18.37 | 19.61 | 18659903 | 1.25 | 1.18 | to | 1.65 | 6.82 | to | 7.33 |
| 2020 | 1025637 | 17.19 | 18.27 | 18599923 | 2.72 | 1.18 | to | 1.65 | 8.13 | to | 8.64 |
| 2019 | 1120073 | 15.90 | 16.82 | 18692829 | 2.70 | 1.18 | to | 1.65 | 13.31 | to | 13.85 |
| 2018 | 1187846 | 14.03 | 14.77 | 17418902 | 2.52 | 1.18 | to | 1.65 | (5.08) | to | (4.63) |
| **MML Equity Sub-Account** | **MML Equity Sub-Account** | **MML Equity Sub-Account** | **MML Equity Sub-Account** | **MML Equity Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 1147772 | 24.12 | 27.02 | 29112471 | 1.62 | 1.18 | to | 1.65 | (6.20) | to | (5.76) |
| 2021 | 1264754 | 25.72 | 28.67 | 34022495 | 1.66 | 1.18 | to | 1.65 | 28.13 | to | 28.73 |
| 2020 | 1419304 | 20.07 | 22.27 | 29572459 | 2.30 | 1.18 | to | 1.65 | 1.34 | to | 1.82 |
| 2019 | 1607887 | 19.81 | 21.87 | 32899993 | 2.03 | 1.18 | to | 1.65 | 23.86 | to | 24.45 |
| 2018 | 1777279 | 15.99 | 17.58 | 29256750 | 1.76 | 1.18 | to | 1.65 | (11.47) | to | (11.05) |
| **MML Equity Income Sub-Account** | **MML Equity Income Sub-Account** | **MML Equity Income Sub-Account** | **MML Equity Income Sub-Account** | **MML Equity Income Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 475610 | 35.38 | 38.81 | 18170386 | 1.75 | 1.18 | to | 1.65 | (5.14) | to | (4.70) |
| 2021 | 508676 | 37.30 | 40.72 | 20410370 | 2.23 | 1.18 | to | 1.65 | 23.53 | to | 24.11 |
| 2020 | 576701 | 30.20 | 32.81 | 18656155 | 2.39 | 1.18 | to | 1.65 | (0.32) | to | 0.15 |
| 2019 | 623194 | 30.30 | 32.76 | 20158148 | 2.29 | 1.18 | to | 1.65 | 24.38 | to | 24.97 |
| 2018 | 697263 | 24.36 | 26.22 | 18063576 | 1.88 | 1.18 | to | 1.65 | (10.86) | to | (10.43) |
| **MML Equity Index Sub-Account** | **MML Equity Index Sub-Account** | **MML Equity Index Sub-Account** | **MML Equity Index Sub-Account** | **MML Equity Index Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 620659 | 27.52 | 28.87 | 18067770 | 1.02 | 1.18 | to | 1.65 | (19.83) | to | (19.45) |
| 2021 | 660854 | 34.17 | 36.02 | 23937630 | 1.25 | 1.18 | to | 1.65 | 26.09 | to | 26.68 |
| 2020 | 736394 | 26.97 | 28.56 | 21075642 | 1.70 | 1.18 | to | 1.65 | 16.13 | to | 16.67 |
| 2019 | 799452 | 23.12 | 24.60 | 19597582 | 2.66 | 1.18 | to | 1.65 | 28.72 | to | 29.32 |
| 2018 | 902013 | 17.87 | 19.11 | 17095272 | 1.53 | 1.18 | to | 1.65 | (6.37) | to | (5.93) |
| **MML Focused Equity Sub-Account** | **MML Focused Equity Sub-Account** | **MML Focused Equity Sub-Account** | **MML Focused Equity Sub-Account** | **MML Focused Equity Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 29349 | 29.86 | 31.39 | 912867 | 0.65 | 1.18 | to | 1.65 | (6.57) | to | (6.13) |
| 2021 | 26949 | 31.96 | 33.44 | 894408 | 0.92 | 1.18 | to | 1.65 | 19.89 | to | 20.45 |
| 2020 | 26387 | 26.66 | 27.76 | 725110 | 0.64 | 1.18 | to | 1.65 | 10.69 | to | 11.22 |
| 2019 | 30588 | 24.08 | 24.96 | 757115 | 0.04 | 1.18 | to | 1.65 | 27.60 | to | 28.20 |
| 2018 | 31166 | 18.87 | 19.47 | 602613 | 2.27 | 1.18 | to | 1.65 | (0.67) | to | (0.20) |

---

***Notes To Financial Statements*** *(Continued)*

***8.***  ***FINANCIAL HIGHLIGHTS (Continued)***

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** |
|  | | **Unit Value<sup>3</sup>** | **Unit Value<sup>3</sup>** | | | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** |
|  | <br>**Units** | **(Lowest to Highest)** | **(Lowest to Highest)** | <br>**Net Assets** | **Investment**<br>**Income**<br>**Ratio<sup>1</sup>** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** |
| **MML Foreign Sub-Account** | **MML Foreign Sub-Account** | **MML Foreign Sub-Account** | **MML Foreign Sub-Account** | **MML Foreign Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 486450 | $13.58 | $13.91 | $6831073 | 3.79% | 1.18% | to | 1.65% | (15.98)% | to | (15.58)% |
| 2021 | 531385 | 16.09 | 16.55 | 8849294 | 2.55 | 1.18 | to | 1.65 | 11.20 | to | 11.72 |
| 2020 | 582840 | 14.40 | 14.89 | 8703291 | 2.99 | 1.18 | to | 1.65 | 4.20 | to | 4.69 |
| 2019 | 642373 | 13.76 | 14.29 | 9170397 | 1.77 | 1.18 | to | 1.65 | 11.31 | to | 11.84 |
| 2018 | 707403 | 12.30 | 12.83 | 9040775 | 2.24 | 1.18 | to | 1.65 | (17.28) | to | (16.89) |
| **MML Fundamental Equity Sub-Account** | **MML Fundamental Equity Sub-Account** | **MML Fundamental Equity Sub-Account** | **MML Fundamental Equity Sub-Account** | **MML Fundamental Equity Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 33095 | 27.14 | 28.53 | 940986 | 0.36 | 1.18 | to | 1.65 | (21.74) | to | (21.37) |
| 2021 | 32284 | 34.68 | 36.29 | 1167304 | 0.32 | 1.18 | to | 1.65 | 25.30 | to | 25.89 |
| 2020 | 32101 | 27.67 | 28.83 | 922432 |  | 1.18 | to | 1.65 | 17.63 | to | 18.19 |
| 2019 | 27078 | 23.53 | 24.39 | 657507 | 0.43 | 1.18 | to | 1.65 | 31.15 | to | 31.77 |
| 2018 | 23098 | 17.94 | 18.51 | 425593 | 1.09 | 1.18 | to | 1.65 | (1.00) | to | (0.53) |
| **MML Fundamental Value Sub-Account** | **MML Fundamental Value Sub-Account** | **MML Fundamental Value Sub-Account** | **MML Fundamental Value Sub-Account** | **MML Fundamental Value Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 61358 | 21.75 | 22.87 | 1393994 | 0.82 | 1.18 | to | 1.65 | (6.58) | to | (6.14) |
| 2021 | 63413 | 23.28 | 24.36 | 1536269 | 1.67 | 1.18 | to | 1.65 | 27.56 | to | 28.16 |
| 2020 | 57680 | 18.25 | 19.01 | 1091877 | 1.09 | 1.18 | to | 1.65 | 0.69 | to | 1.17 |
| 2019 | 60094 | 18.12 | 18.79 | 1124048 | 1.67 | 1.18 | to | 1.65 | 20.49 | to | 21.05 |
| 2018 | 76076 | 15.04 | 15.52 | 1176739 | 1.54 | 1.18 | to | 1.65 | (12.03) | to | (11.61) |
| **MML Global Sub-Account** | **MML Global Sub-Account** | **MML Global Sub-Account** | **MML Global Sub-Account** | **MML Global Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 608358 | 13.47 | 17.48 | 10712032 | 1.64 | 1.18 | to | 1.65 | (19.06) | to | (18.68) |
| 2021 | 661950 | 16.57 | 21.59 | 14366310 | 0.91 | 1.18 | to | 1.65 | 15.50 | to | 16.05 |
| 2020 | 721548 | 14.28 | 18.69 | 13496602 | 1.05 | 1.18 | to | 1.65 | 12.10 | to | 12.63 |
| 2019 | 795611 | 12.68 | 16.68 | 13198078 | 0.58 | 1.18 | to | 1.65 | 28.45 | to | 29.05 |
| 2018 | 899038 | 9.82 | 12.98 | 11557879 | 1.10 | 1.18 | to | 1.65 | (11.06) | to | (10.64) |
| **MML Growth Allocation Sub-Account** | **MML Growth Allocation Sub-Account** | **MML Growth Allocation Sub-Account** | **MML Growth Allocation Sub-Account** | **MML Growth Allocation Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 2441861 | 19.06 | 20.45 | 49826191 | 2.66 | 1.18 | to | 1.65 | (16.68) | to | (16.29) |
| 2021 | 2607763 | 22.88 | 24.43 | 63570385 | 1.57 | 1.18 | to | 1.65 | 12.46 | to | 12.99 |
| 2020 | 2714189 | 20.34 | 21.62 | 58560778 | 2.08 | 1.18 | to | 1.65 | 10.91 | to | 11.44 |
| 2019 | 2819559 | 18.34 | 19.40 | 54605097 | 2.29 | 1.18 | to | 1.65 | 19.23 | to | 19.79 |
| 2018 | 3035628 | 15.38 | 16.19 | 49087115 | 1.80 | 1.18 | to | 1.65 | (8.44) | to | (8.00) |
| **MML High Yield Sub-Account** | **MML High Yield Sub-Account** | **MML High Yield Sub-Account** | **MML High Yield Sub-Account** | **MML High Yield Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 160734 | 15.91 | 16.88 | 2686580 | 7.39 | 1.18 | to | 1.65 | (13.41) | to | (13.00) |
| 2021 | 168938 | 18.37 | 19.40 | 3249709 | 8.45 | 1.18 | to | 1.65 | 6.11 | to | 6.61 |
| 2020 | 159409 | 17.31 | 18.20 | 2878160 | 0.02 | 1.18 | to | 1.65 | 3.65 | to | 4.14 |
| 2019 | 177623 | 16.70 | 17.48 | 3079517 | 5.92 | 1.18 | to | 1.65 | 10.03 | to | 10.55 |
| 2018 | 190824 | 15.18 | 15.81 | 2995572 | 6.05 | 1.18 | to | 1.65 | (5.13) | to | (4.68) |
| **MML Income & Growth Sub-Account** | **MML Income & Growth Sub-Account** | **MML Income & Growth Sub-Account** | **MML Income & Growth Sub-Account** | **MML Income & Growth Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 775986 | 24.33 | 24.66 | 22315525 | 1.42 | 1.18 | to | 1.65 | (1.94) | to | (1.48) |
| 2021 | 888985 | 24.70 | 25.15 | 25929813 | 1.77 | 1.18 | to | 1.65 | 24.21 | to | 24.79 |
| 2020 | 961999 | 19.79 | 20.25 | 22487171 | 2.03 | 1.18 | to | 1.65 | 1.34 | to | 1.82 |
| 2019 | 1074242 | 19.44 | 19.98 | 24678743 | 1.96 | 1.18 | to | 1.65 | 22.40 | to | 22.97 |
| 2018 | 1251528 | 15.81 | 16.33 | 23396608 | 1.74 | 1.18 | to | 1.65 | (13.14) | to | (12.73) |
| **MML Inflation-Protected and Income Sub-Account** | **MML Inflation-Protected and Income Sub-Account** | **MML Inflation-Protected and Income Sub-Account** | **MML Inflation-Protected and Income Sub-Account** | **MML Inflation-Protected and Income Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 561291 | 13.49 | 14.79 | 8162602 | 2.58 | 1.18 | to | 1.65 | (14.76) | to | (14.36) |
| 2021 | 628399 | 15.82 | 17.27 | 10680787 | 1.07 | 1.18 | to | 1.65 | 4.66 | to | 5.15 |
| 2020 | 648751 | 15.12 | 16.43 | 10495142 | 0.11 | 1.18 | to | 1.65 | 9.30 | to | 9.81 |
| 2019 | 728154 | 13.83 | 14.96 | 10737757 | 2.38 | 1.18 | to | 1.65 | 6.54 | to | 7.04 |
| 2018 | 794266 | 12.98 | 13.97 | 10947233 | 3.09 | 1.18 | to | 1.65 | (2.91) | to | (2.45) |

---

***Notes To Financial Statements*** *(Continued)*

&nbsp;&nbsp;&nbsp;&nbsp;***8.***  ***FINANCIAL HIGHLIGHTS (Continued)*** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** |
|  | | **Unit Value<sup>3</sup>** | **Unit Value<sup>3</sup>** | | | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** |
|  | <br>**Units** | **(Lowest to Highest)** | **(Lowest to Highest)** | <br>**Net Assets** | **Investment**<br>**Income**<br>**Ratio<sup>1</sup>** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** |
| **MML International Equity Sub-Account** | **MML International Equity Sub-Account** | **MML International Equity Sub-Account** | **MML International Equity Sub-Account** | **MML International Equity Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 25296 | $- | $10.40 | $263014 | 0.76% | -% |  | 1.18% | -% |  | (16.34)% |
| 2021 | 11630 |  | 12.43 | 144550 | 0.46 |  |  | 1.18 |  |  | 10.19 |
| 2020 | 16448 |  | 11.28 | 185530 | 2.84 |  |  | 1.18 |  |  | 3.84 |
| 2019 | 16121 |  | 10.86 | 175122 | 1.88 |  |  | 1.18 |  |  | 22.89 |
| 2018 | 11061 |  | 8.84 | 97776 | 1.53 |  |  | 1.18 |  |  | (24.94) |
| **MML Large Cap Growth Sub-Account** | **MML Large Cap Growth Sub-Account** | **MML Large Cap Growth Sub-Account** | **MML Large Cap Growth Sub-Account** | **MML Large Cap Growth Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 589822 | 19.44 | 22.90 | 13154262 |  | 1.18 | to | 1.65 | (28.73) | to | (28.40) |
| 2021 | 635022 | 27.15 | 32.13 | 19818248 | 0.05 | 1.18 | to | 1.65 | 16.48 | to | 17.03 |
| 2020 | 706850 | 23.20 | 27.58 | 18956578 | 0.33 | 1.18 | to | 1.65 | 29.62 | to | 30.23 |
| 2019 | 789748 | 17.81 | 21.28 | 16313116 | 0.59 | 1.18 | to | 1.65 | 29.83 | to | 30.44 |
| 2018 | 923652 | 13.66 | 16.39 | 14634567 | 0.63 | 1.18 | to | 1.65 | (3.87) | to | (3.42) |
| **MML Managed Bond Sub-Account (Initial Class)** | **MML Managed Bond Sub-Account (Initial Class)** | **MML Managed Bond Sub-Account (Initial Class)** | **MML Managed Bond Sub-Account (Initial Class)** | **MML Managed Bond Sub-Account (Initial Class)** |  |  |  |  |  |  |  |
| 2022 | 953932 | 17.39 | 18.30 | 17681015 | 3.04 | 1.18 | to | 1.65 | (16.40) | to | (16.00) |
| 2021 | 1091572 | 20.80 | 21.79 | 24101131 | 3.17 | 1.18 | to | 1.65 | (0.84) | to | (0.37) |
| 2020 | 1143702 | 20.97 | 21.87 | 25360257 | 0.09 | 1.18 | to | 1.65 | 5.95 | to | 6.45 |
| 2019 | 1241432 | 19.79 | 20.55 | 25864236 | 3.67 | 1.18 | to | 1.65 | 8.01 | to | 8.52 |
| 2018 | 1386407 | 18.32 | 18.93 | 26616908 | 3.44 | 1.18 | to | 1.65 | (2.08) | to | (1.61) |
| **MML Managed Bond Sub-Account (Service Class)** | **MML Managed Bond Sub-Account (Service Class)** | **MML Managed Bond Sub-Account (Service Class)** | **MML Managed Bond Sub-Account (Service Class)** | **MML Managed Bond Sub-Account (Service Class)** |  |  |  |  |  |  |  |
| 2022 | 165674 |  | 11.83 | 1960510 | 2.75 |  |  | 1.40 |  |  | (16.40) |
| 2021 | 181555 |  | 14.15 | 2569838 | 2.90 |  |  | 1.40 |  |  | (0.84) |
| 2020 | 186906 |  | 14.27 | 2667908 | 0.10 |  |  | 1.40 |  |  | 5.95 |
| 2019 | 184230 |  | 13.47 | 2482039 | 3.51 |  |  | 1.40 |  |  | 8.01 |
| 2018 | 184606 |  | 12.47 | 2302589 | 3.13 |  |  | 1.40 |  |  | (2.07) |
| **MML Managed Volatility Sub-Account** | **MML Managed Volatility Sub-Account** | **MML Managed Volatility Sub-Account** | **MML Managed Volatility Sub-Account** | **MML Managed Volatility Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 464736 | 14.91 | 16.36 | 7489945 | 0.48 | 1.18 | to | 1.65 | (13.48) | to | (13.08) |
| 2021 | 530888 | 17.23 | 18.82 | 9849304 | 0.97 | 1.18 | to | 1.65 | 9.72 | to | 10.23 |
| 2020 | 576247 | 15.70 | 17.07 | 9706307 | 1.37 | 1.18 | to | 1.65 | 4.93 | to | 5.43 |
| 2019 | 640820 | 14.96 | 16.19 | 10244289 | 1.60 | 1.18 | to | 1.65 | 10.07 | to | 10.58 |
| 2018 | 727128 | 13.60 | 14.64 | 10526880 | 1.20 | 1.18 | to | 1.65 | (6.26) | to | (5.81) |
| **MML Mid Cap Growth Sub-Account** | **MML Mid Cap Growth Sub-Account** | **MML Mid Cap Growth Sub-Account** | **MML Mid Cap Growth Sub-Account** | **MML Mid Cap Growth Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 934023 | 51.28 | 61.06 | 62311170 |  | 1.18 | to | 1.65 | (26.34) | to | (25.99) |
| 2021 | 1029932 | 69.29 | 82.89 | 93047597 |  | 1.18 | to | 1.65 | 11.36 | to | 11.88 |
| 2020 | 1167041 | 61.93 | 74.43 | 94982698 | 0.08 | 1.18 | to | 1.65 | 23.51 | to | 24.10 |
| 2019 | 1322636 | 49.91 | 60.26 | 87140274 | 0.02 | 1.18 | to | 1.65 | 29.15 | to | 29.76 |
| 2018 | 1527705 | 38.46 | 46.66 | 77934117 |  | 1.18 | to | 1.65 | (3.78) | to | (3.33) |
| **MML Mid Cap Value Sub-Account** | **MML Mid Cap Value Sub-Account** | **MML Mid Cap Value Sub-Account** | **MML Mid Cap Value Sub-Account** | **MML Mid Cap Value Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 709587 | 54.84 | 60.96 | 41134086 | 2.07 | 1.18 | to | 1.65 | (2.94) | to | (2.49) |
| 2021 | 807953 | 56.50 | 62.51 | 48086111 | 1.43 | 1.18 | to | 1.65 | 21.30 | to | 21.87 |
| 2020 | 900692 | 46.58 | 51.29 | 43997804 | 1.76 | 1.18 | to | 1.65 | 0.04 | to | 0.52 |
| 2019 | 996092 | 46.56 | 51.03 | 48415559 | 1.62 | 1.18 | to | 1.65 | 27.02 | to | 27.62 |
| 2018 | 1158386 | 36.66 | 39.99 | 44192957 | 1.51 | 1.18 | to | 1.65 | (14.42) | to | (14.02) |
| **MML Moderate Allocation Sub-Account** | **MML Moderate Allocation Sub-Account** | **MML Moderate Allocation Sub-Account** | **MML Moderate Allocation Sub-Account** | **MML Moderate Allocation Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 2677267 | 17.31 | 18.57 | 49453476 | 3.23 | 1.18 | to | 1.65 | (16.36) | to | (15.97) |
| 2021 | 3093518 | 20.69 | 22.09 | 67989941 | 1.35 | 1.18 | to | 1.65 | 10.16 | to | 10.68 |
| 2020 | 3330821 | 18.78 | 19.96 | 66164918 | 2.48 | 1.18 | to | 1.65 | 8.73 | to | 9.25 |
| 2019 | 3611492 | 17.28 | 18.27 | 65691438 | 2.57 | 1.18 | to | 1.65 | 16.64 | to | 17.19 |
| 2018 | 3713575 | 14.81 | 15.59 | 57665894 | 2.13 | 1.18 | to | 1.65 | (7.04) | to | (6.60) |

---

***Notes To Financial Statements*** *(Continued)*

***8.***  ***FINANCIAL HIGHLIGHTS (Continued)***

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** |
|  | | **Unit Value<sup>3</sup>** | **Unit Value<sup>3</sup>** | | | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** |
|  | <br>**Units** | **(Lowest to Highest)** | **(Lowest to Highest)** | <br>**Net Assets** | **Investment**<br>**Income**<br>**Ratio<sup>1</sup>** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** |
| **MML Short-Duration Bond Sub-Account** | **MML Short-Duration Bond Sub-Account** | **MML Short-Duration Bond Sub-Account** | **MML Short-Duration Bond Sub-Account** | **MML Short-Duration Bond Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 200603 | $9.54 | $10.12 | $2000988 | 3.03% | 1.18% | to | 1.65% | (9.50)% | to | (9.07)% |
| 2021 | 210606 | 10.54 | 11.13 | 2315285 | 2.93 | 1.18 | to | 1.65 | 0.03 | to | 0.50 |
| 2020 | 237704 | 10.54 | 11.08 | 2598079 |  | 1.18 | to | 1.65 | (0.32) | to | 0.15 |
| 2019 | 254160 | 10.57 | 11.06 | 2782573 | 3.08 | 1.18 | to | 1.65 | 2.47 | to | 2.95 |
| 2018 | 244808 | 10.31 | 10.74 | 2605175 | 2.66 | 1.18 | to | 1.65 | (0.38) | to | 0.09 |
| **MML Small Cap Equity Sub-Account** | **MML Small Cap Equity Sub-Account** | **MML Small Cap Equity Sub-Account** | **MML Small Cap Equity Sub-Account** | **MML Small Cap Equity Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 403547 | 40.78 | 41.00 | 17608014 | 0.70 | 1.18 | to | 1.65 | (17.25) | to | (16.87) |
| 2021 | 445746 | 49.29 | 49.31 | 23414026 | 0.43 | 1.18 | to | 1.65 | 20.74 | to | 21.31 |
| 2020 | 499342 | 40.65 | 40.82 | 21643745 | 0.54 | 1.18 | to | 1.65 | 18.72 | to | 19.28 |
| 2019 | 552308 | 34.08 | 34.38 | 20109287 | 0.47 | 1.18 | to | 1.65 | 24.40 | to | 24.98 |
| 2018 | 617042 | 27.27 | 27.64 | 18014617 | 0.48 | 1.18 | to | 1.65 | (11.66) | to | (11.25) |
| **MML Small Cap Growth Equity Sub-Account** | **MML Small Cap Growth Equity Sub-Account** | **MML Small Cap Growth Equity Sub-Account** | **MML Small Cap Growth Equity Sub-Account** | **MML Small Cap Growth Equity Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 288359 | 31.17 | 41.91 | 11374590 |  | 1.18 | to | 1.65 | (24.41) | to | (24.06) |
| 2021 | 305158 | 41.05 | 55.45 | 15889593 |  | 1.18 | to | 1.65 | 5.55 | to | 6.05 |
| 2020 | 350919 | 38.71 | 52.53 | 17106476 |  | 1.18 | to | 1.65 | 33.41 | to | 34.03 |
| 2019 | 398655 | 28.88 | 39.38 | 14499449 |  | 1.18 | to | 1.65 | 32.13 | to | 32.75 |
| 2018 | 444467 | 21.75 | 29.80 | 12156107 |  | 1.18 | to | 1.65 | (6.44) | to | (6.00) |
| **MML Small Company Value Sub-Account** | **MML Small Company Value Sub-Account** | **MML Small Company Value Sub-Account** | **MML Small Company Value Sub-Account** | **MML Small Company Value Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 24694 |  | 34.78 | 858826 |  |  |  | 1.18 |  |  | (16.05) |
| 2021 | 25371 |  | 41.43 | 1051122 | 0.19 |  |  | 1.18 |  |  | 23.65 |
| 2020 | 27538 |  | 33.50 | 922646 | 0.06 |  |  | 1.18 |  |  | 7.65 |
| 2019 | 31116 |  | 31.12 | 968452 | 0.08 |  |  | 1.18 |  |  | 23.79 |
| 2018 | 33111 |  | 25.14 | 832523 | 0.19 |  |  | 1.18 |  |  | (14.22) |
| **MML Small/Mid Cap Value Sub-Account** | **MML Small/Mid Cap Value Sub-Account** | **MML Small/Mid Cap Value Sub-Account** | **MML Small/Mid Cap Value Sub-Account** | **MML Small/Mid Cap Value Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 252726 | 38.86 | 42.63 | 10647366 | 1.25 | 1.18 | to | 1.65 | (17.07) | to | (16.68) |
| 2021 | 280417 | 46.86 | 51.16 | 14187869 | 1.01 | 1.18 | to | 1.65 | 33.72 | to | 34.35 |
| 2020 | 324824 | 35.05 | 38.08 | 12237542 | 1.07 | 1.18 | to | 1.65 | 2.94 | to | 3.42 |
| 2019 | 334180 | 34.05 | 36.82 | 12177836 | 0.61 | 1.18 | to | 1.65 | 18.31 | to | 18.86 |
| 2018 | 367249 | 28.78 | 30.98 | 11256245 | 0.47 | 1.18 | to | 1.65 | (16.32) | to | (15.93) |
| **MML Strategic Emerging Markets Sub-Account** | **MML Strategic Emerging Markets Sub-Account** | **MML Strategic Emerging Markets Sub-Account** | **MML Strategic Emerging Markets Sub-Account** | **MML Strategic Emerging Markets Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 71106 |  | 12.44 | 884656 | 2.90 |  |  | 1.18 |  |  | (27.69) |
| 2021 | 68851 |  | 17.21 | 1184646 |  |  |  | 1.18 |  |  | (9.43) |
| 2020 | 69895 |  | 19.00 | 1327782 | 0.20 |  |  | 1.18 |  |  | 15.88 |
| 2019 | 87776 |  | 16.39 | 1438893 | 0.01 |  |  | 1.18 |  |  | 23.71 |
| 2018 | 105605 |  | 13.25 | 1399351 |  |  |  | 1.18 |  |  | (13.63) |
| **MML Sustainable Equity Sub-Account⁴** | **MML Sustainable Equity Sub-Account⁴** | **MML Sustainable Equity Sub-Account⁴** | **MML Sustainable Equity Sub-Account⁴** | **MML Sustainable Equity Sub-Account⁴** |  |  |  |  |  |  |  |
| 2022 | 711380 | 35.32 | 38.74 | 27085974 | 0.94 | 1.18 | to | 1.65 | (18.37) | to | (17.99) |
| 2021 | 783098 | 43.26 | 47.23 | 36368901 | 0.83 | 1.18 | to | 1.65 | 25.07 | to | 25.65 |
| 2020 | 884997 | 34.59 | 37.59 | 32745308 | 0.91 | 1.18 | to | 1.65 | 12.64 | to | 13.17 |
| 2019 | 994687 | 30.71 | 33.22 | 32528962 | 0.95 | 1.18 | to | 1.65 | 29.93 | to | 30.55 |
| 2018 | 1098861 | 23.64 | 25.44 | 27553454 | 0.86 | 1.18 | to | 1.65 | (6.76) | to | (6.32) |
| **MML Total Return Bond Sub-Account** | **MML Total Return Bond Sub-Account** | **MML Total Return Bond Sub-Account** | **MML Total Return Bond Sub-Account** | **MML Total Return Bond Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 207352 | 9.35 | 9.83 | 2020159 | 1.31 | 1.18 | to | 1.65 | (16.29) | to | (15.90) |
| 2021 | 260106 | 11.17 | 11.69 | 3017232 | 1.63 | 1.18 | to | 1.65 | (3.12) | to | (2.66) |
| 2020 | 275526 | 11.53 | 12.01 | 3285366 | 3.07 | 1.18 | to | 1.65 | 6.82 | to | 7.32 |
| 2019 | 183407 | 10.79 | 11.19 | 2041095 | 2.92 | 1.18 | to | 1.65 | 6.87 | to | 7.38 |
| 2018 | 179359 | 10.10 | 10.42 | 1860517 | 1.75 | 1.18 | to | 1.65 | (1.99) | to | (1.52) |

---

***Notes To Financial Statements*** *(Continued)*

***8.***  ***FINANCIAL HIGHLIGHTS (Continued)***

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** | **For the Years Ended December 31,** |
|  | | **Unit Value<sup>3</sup>** | **Unit Value<sup>3</sup>** | **Unit Value<sup>3</sup>** | | | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Expense Ratio<sup>2</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** | **Total Return<sup>3</sup>** |
|  | <br>**Units** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | <br>**Net Assets** | **Investment**<br>**Income**<br>**Ratio<sup>1</sup>** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** | **(Lowest to Highest)** |
| **MML U.S. Government Money Market Sub-Account** | **MML U.S. Government Money Market Sub-Account** | **MML U.S. Government Money Market Sub-Account** | **MML U.S. Government Money Market Sub-Account** | **MML U.S. Government Money Market Sub-Account** | **MML U.S. Government Money Market Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 2276959 | $8.37 | to | $8.98 | $20166799 | 1.22% | 1.18% | to | 1.65% | (0.44)% | to | 0.03% |
| 2021 | 2266614 | 8.41 | to | 8.98 | 20069406 |  | 1.18 | to | 1.65 | (1.64) | to | (1.17) |
| 2020 | 2493870 | 8.55 | to | 9.08 | 22351977 | 0.23 | 1.18 | to | 1.65 | (1.41) | to | (0.95) |
| 2019 | 2312249 | 8.67 | to | 9.17 | 20947651 | 1.70 | 1.18 | to | 1.65 | 0.04 | to | 0.52 |
| 2018 | 2487601 | 8.66 | to | 9.12 | 22451476 | 1.32 | 1.18 | to | 1.65 | (0.33) | to | 0.14 |
| **Oppenheimer Global Multi-Alternatives Sub-Account** | **Oppenheimer Global Multi-Alternatives Sub-Account** | **Oppenheimer Global Multi-Alternatives Sub-Account** | **Oppenheimer Global Multi-Alternatives Sub-Account** | **Oppenheimer Global Multi-Alternatives Sub-Account** | **Oppenheimer Global Multi-Alternatives Sub-Account** |  |  |  |  |  |  |  |
| 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
| 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
| 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
| 2019 |  |  |  |  |  |  |  |  |  |  |  |  |
| 2018 | 6310 |  |  | 9.12 | 57570 | 0.17 |  |  | 1.18 |  |  | (4.44) |
| **PIMCO CommodityRealReturn® Strategy Sub-Account** | **PIMCO CommodityRealReturn® Strategy Sub-Account** | **PIMCO CommodityRealReturn® Strategy Sub-Account** | **PIMCO CommodityRealReturn® Strategy Sub-Account** | **PIMCO CommodityRealReturn® Strategy Sub-Account** | **PIMCO CommodityRealReturn® Strategy Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 278210 | 7.21 | to | 7.80 | 2133154 | 22.65 | 1.18 | to | 1.65 | 6.89 | to | 7.39 |
| 2021 | 230012 | 6.75 | to | 7.26 | 1651829 | 4.17 | 1.18 | to | 1.65 | 30.93 | to | 31.55 |
| 2020 | 216880 | 5.15 | to | 5.52 | 1186511 | 6.34 | 1.18 | to | 1.65 | (0.43) | to | 0.04 |
| 2019 | 238693 | 5.18 | to | 5.52 | 1305900 | 4.35 | 1.18 | to | 1.65 | 9.53 | to | 10.04 |
| 2018 | 256401 | 4.73 | to | 5.02 | 1275354 | 1.98 | 1.18 | to | 1.65 | (15.61) | to | (15.21) |
| **VY® CBRE Global Real Estate Sub-Account** | **VY® CBRE Global Real Estate Sub-Account** | **VY® CBRE Global Real Estate Sub-Account** | **VY® CBRE Global Real Estate Sub-Account** | **VY® CBRE Global Real Estate Sub-Account** | **VY® CBRE Global Real Estate Sub-Account** |  |  |  |  |  |  |  |
| 2022 | 105824 | 14.46 | to | 15.64 | 1624111 | 2.91 | 1.18 | to | 1.65 | (26.35) | to | (26.00) |
| 2021 | 123852 | 19.63 | to | 21.13 | 2570023 | 2.59 | 1.18 | to | 1.65 | 31.95 | to | 32.57 |
| 2020 | 123598 | 14.88 | to | 15.94 | 1938260 | 5.75 | 1.18 | to | 1.65 | (6.60) | to | (6.15) |
| 2019 | 137153 | 15.93 | to | 16.98 | 2293585 | 2.62 | 1.18 | to | 1.65 | 22.31 | to | 22.89 |
| 2018 | 156547 | 13.02 | to | 13.82 | 2133623 | 5.20 | 1.18 | to | 1.65 | (10.25) | to | (9.82) |

---

<sup>1</sup> The investment income ratios represent the dividends, excluding distributions of capital gains, received by the sub-account from the underlying mutual fund, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owners accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the sub-account is affected by the timing of the declaration of dividends by the underlying fund in which the sub-account invests.

<sup>2</sup> The expense ratios represent the annualized policy expense of the sub-accounts of the Separate Account, consisting primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction of unit values. Charges made directly to contract owners accounts through the redemption of units and expenses of the underlying fund have been excluded.

<sup>3</sup> The total returns are for the periods indicated, including changes in the value of the underlying fund, and the expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. As the total return is presented as a range of minimum to maximum values, based on the product grouping representing the minimum and maximum expense ratio amounts, some individual contract total returns and unit values are not within the ranges presented.

<sup>4</sup> See Note 2 to the financial statements for the previous name of this Sub-Account.

<sup>5</sup> After the close of business on April 29, 2022, Invesco V.I. Core Plus Bond Fund acquired all the net assets of Invesco V.I. Core Bond Fund pursuant to a plan of reorganization approved by the Board of Trustees of the Invesco V.I. Core Plus Bond Fund on December 1, 2021 and by the shareholders of the Invesco V.I. Core Bond Fund on March 31, 2022. The acquisition was accomplished by a tax-free exchange as of the close of business on April 29, 2022. Shares of Invesco V.I. Core Bond Fund were exchanged for the like class of shares of Invesco V.I. Core Plus Bond Fund, based on the relative net asset value of the two funds which resulted in Invesco V.I. Core Bond Fund receiving 1.15816327 shares of Invesco V.I. Core Plus Bond Fund in exchange of 1 share of Invesco V.I Core Bond Fund. As a result of the underlying fund merger, the subaccount name changed from Invesco V.I. Core Bond to Invesco V.I. Core Plus Bond. Financial highlights for the years 2018-2021 correspond to the Invesco V.I. Core Bond Sub-Account.

<sup>6</sup> For the period January 1, 2022 to November 4, 2022. Effective November 4, 2022 this Sub-Account liquidated and any contract value in the Sub-Account after the close of the New York Stock Exchange on November 4, 2022 was automatically transferred to the MML U.S. Government Money Market Sub-Account.

***Notes To Financial Statements*** *(Continued)*

***8.***  ***Financial Highlights*** *(Continued)* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** The Separate Account assesses charges associated with the contract. These charges are either assessed as a direct reduction in unit values or through a redemption of units for all contracts contained within the Separate Account.

---

| | |
|:---|:---|
| **Mortality and Expense Risk Charge\*** | This charge is equal, on an annual basis, to |
| This charge is assessed through a reduction in unit values. | 1.03% - 1.50% of the daily value of the assets |
|  | invested in each fund. |
| **Administrative Charge** | This charge is equal, on an annual basis, to 0.15% |
| This charge is assessed through a reduction in unit values. | of the daily value of the assets invested in each |
|  | fund. |
| **Annual Contract Maintenance Charge** | $0 - $40 per contract, annually. |
| This charge is assessed through the redemption of units. |  |
| **Contingent Deferred Sales Charge** | 0.00% - 8.00% |
| This charge is assessed through the redemption of units. |  |
| **Death Benefit Options** |  |
| Charges for these options are annualized and are assessed through a redemption of units. |  |
| **A. Reset Death Benefit\*\*** | 0.00% - 0.20% |
| **B. Ratchet Death Benefit\*\*\*** | 0.00% - 0.70% |

---

\* The Panorama Premier segment charges its contract owners a mortality and expense risk charge equal, on an annual basis, to 1.25% of the daily value of the assets invested in each fund. Subject to state availability, contracts issued on or after September 10, 2001 will receive an increase in the contract value allocated to the fund by 0.15% on each contract anniversary.

\*\* For Panorama Passage the charge for the Reset Death Benefit is 0.10% on an annual basis of the daily value of the contract value allocated to the funds and the fixed accounts, unless the charge exceeds the maximum charge, in which case, the charge is the maximum charge. The maximum charge is 0.20% on an annual basis of the daily value of the contract value allocated to the funds.

\*\*\* The Ratchet Death Benefit is 0.25% for Panorama Passage and 0.15% for Panorama Premier on an annual basis of the daily value of the contract value allocated to the funds and the fixed accounts, unless that charge exceeds the maximum, in this case the charge is the maximum charge. The maximum charge is 0.35% if age 60 or less at contract issue, 0.50% if age 61 through age 70 at contract issue, and 0.70% if age 71 or older at contract issue, of the contract value allocated to the funds.

&nbsp;&nbsp;&nbsp;&nbsp;***9.***  ***SUBSEQUENT EVENTS*** 

The Separate Account's management has reviewed events occurring through March 8, 2023, the date the financial statements were issued, and no subsequent events occurred requiring accrual or disclosure.