# EDGAR Filing Document

**Accession Number:** 0001085612
**File Stem:** 0001085612-26-000044
**Filing Date:** 2026-4
**Character Count:** 645328
**Document Hash:** fdb08f945be64161ab42c13cf0f3c622
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085612-26-000044.hdr.sgml**: 20260410

**ACCESSION NUMBER**: 0001085612-26-000044

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260410

**DATE AS OF CHANGE**: 20260410

**EFFECTIVENESS DATE**: 20260410

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I
- **CENTRAL INDEX KEY:** 0001085612

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

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09327
- **FILM NUMBER:** 26855672

**BUSINESS ADDRESS:**
- **STREET 1:** 3100 SANDERS ROAD
- **STREET 2:** SUITE 303
- **CITY:** NORTHBROOK
- **STATE:** IL
- **ZIP:** 60062
- **BUSINESS PHONE:** (847) 665-9930 #898

**MAIL ADDRESS:**
- **STREET 1:** 3100 SANDERS ROAD
- **STREET 2:** SUITE 303
- **CITY:** NORTHBROOK
- **STATE:** IL
- **ZIP:** 60062

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLSTATE FINANCIAL ADVISORS SEPARATE ACCOUNT I
- **DATE OF NAME CHANGE:** 19990430

## Series and Classes Contracts Data

### EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I (Series ID: S000001969)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000005153 | Morgan Stanley Variable Annuity                 |  |
| C000005154 | AIM Lifetime Plus II Variable Annuity           |  |
| C000005155 | AIM Lifetime Enhanced Choice Variable Annuity   |  |
| C000005156 | The Provider Variable Annuity                   |  |
| C000005157 | AIM Lifetime America Classic                    |  |
| C000005158 | Personal Retirement Manager                     |  |
| C000005159 | SelectDirections Variable Annuity               |  |
| C000005160 | Morgan Stanley Variable Annuity II              |  |
| C000005161 | Morgan Stanley Variable Annuity II AssetManager |  |
| C000005162 | Morgan Stanley Variable Annuity 3               |  |
| C000005163 | Morgan Stanley Variable Annuity 3 AssetManager  |  |
| C000005164 | Preferred Client Variable Annuity               |  |
| C000005165 | The STI Classic Variable Annuity                |  |
| C000005166 | Scudder Horizon Advantage Variable Annuity      |  |
| C000005167 | AIM Lifetime Plus Variable Annuity              |  |
| C000010701 | AIM Lifetime America Regal                      |  |
| C000010702 | AIM Lifetime America Freedom                    |  |
| C000010703 | Provider Advantage                              |  |
| C000010704 | Provider Ultra                                  |  |
| C000010705 | Provider Extra                                  |  |
| C000020512 | Variable Annuity                                |  |
| C000020513 | Putnam Advisor                                  |  |
| C000020514 | Putnam Advisor Apex                             |  |
| C000020515 | Variable Annuity - L Share                      |  |
| C000020516 | Advisor STI                                     |  |
| C000020517 | Advisor Preferred STI                           |  |
| C000020518 | Advisor Plus                                    |  |
| C000020519 | Putnam Advisor Plus                             |  |
| C000020520 | Advisor Preferred                               |  |
| C000020521 | Putnam Advisor Preferred                        |  |
| C000020522 | Advisor                                         |  |
| C000049540 | Retirement Access Variable Annuity B Series     |  |
| C000049541 | Retirement Access Variable Annuity L Series     |  |
| C000049542 | Retirement Access Variable Annuity X Series     |  |

---

| |
|:---|
| ***Everlake Financial*** |
| ***Advisors Separate*** |
| ***Account I*** |
| *Financial Statements as of December 31, 2025 and for* |
| *the years ended December 31, 2025 and 2024 and* |
| *Report of Independent Registered Public Accounting* |
| *Firm* |

---

------

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Audit and Risk Committee of the Board of Directors of

Everlake US Holdings Company and the Contractholders of

Everlake Financial Advisors Separate Account I

**Opinion on the Financial Statements and Financial Highlights** 

We have audited the accompanying statements of net assets for each of the sub-accounts of Everlake Financial Advisors Separate Account I (the "Account") listed in Appendix A, as of December 31, 2025, the related statements of operations, the statements of changes in net assets, and the financial highlights for each of the periods presented in Appendix A and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the sub-accounts comprising the Account as of December 31, 2025, and the results of their operations, the changes in their net assets, and the financial highlights for each of the periods presented in Appendix A, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

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

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, 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 and financial highlights. 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 and financial highlights. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the Account's fund managers. We believe that our audits provide a reasonable basis for our opinion.

/s/ DELOITTE & TOUCHE LLP

Chicago, Illinois

April 6, 2026

We have served as the auditor of Everlake Life Insurance Company (the sponsor company) since 2001.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Everlake Financial Advisors Separate Account I**&nbsp;&nbsp;&nbsp;&nbsp; **APPENDIX A**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-account** | **Statements of Net Assets** | **Statements of Operations** | **Statements of Changes in Net Assets** | **Financial Highlights** |
| | **As of** | **For the Year Ended** | **For Each of the/ For the** | **For Each of the/ For the** |
| Alliance Bernstein VPS Discovery Value Portfolio - Class B | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Alliance Bernstein VPS International Value Portfolio - Class B | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Alliance Bernstein VPS Large Cap Growth Portfolio - Class B | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Alliance Bernstein VPS Relative Value Portfolio - Class B | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Aggressive Asset Allocation Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Balanced Asset Allocation Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Bond Portfolio 2025^ |  | December 31, 2025 | Two Years Ended December 31,<br>2025 | Two Years Ended December 31,<br>2025 |
| AST Bond Portfolio 2026 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Bond Portfolio 2027 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Two Years Ended December 31,<br>2025 |
| AST Bond Portfolio 2028\*\* |  |  |  |  |
| AST Bond Portfolio 2029\*\* |  |  |  |  |
| AST Bond Portfolio 2030 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Bond Portfolio 2031 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Bond Portfolio 2032 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31, 2025 | For the Period January 4, 2021\* to December 31, 2021 and for Four Years Ended December 31, 2025 |
| AST Bond Portfolio 2033\*\* |  |  |  |  |
| AST Bond Portfolio 2034! |  | December 31, 2025 | Two Years Ended December 31,<br>2025 | Two Years Ended December 31,<br>2025 |
| AST Bond Portfolio 2035! |  | December 31, 2025 | For the Year Ended December 31, 2025 | For the Year Ended December 31, 2025 |
| AST Bond Portfolio 2036 | December 31, 2025 | For the Period January 2, 2025\* to December 31, 2025 | For the Period January 2, 2025\* to December 31, 2025 | For the Period January 2, 2025\* to December 31, 2025 |
| AST ClearBridge Dividend Growth Portfolio^^ |  |  |  |  |
| AST Cohen & Steers Realty Portfolio |  | For the Period January 1, 2025 to January 24, 2025# | For the Year Ended December 31, 2024 and for the Period January 1, 2025 to January 24, 2025# | For Four Years Ended December 31, 2024 and for the Period January 1, 2025 to January 24, 2025# |
| AST Core Fixed Income Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Emerging Markets Equity Portfolio |  | For the Period January 1, 2025 to January 10, 2025# | For the Year Ended December 31, 2024 and for the Period January 1, 2025 to January 10, 2025# | For Four Years Ended December 31, 2024 and for the Period January 1, 2025 to January 10, 2025# |
| AST Global Bond Portfolio |  | For the Period January 1, 2025 to February 7, 2025# | For the Year Ended December 31, 2024 and for the Period January 1, 2025 to February 7, 2025# | For Four Years Ended December 31, 2024 and for the Period January 1, 2025 to February 7, 2025# |
| AST Government Money Market Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST High Yield Portfolio |  | For the Period January 1, 2025 to February 7, 2025# | For the Year Ended December 31, 2024 and for the Period January 1, 2025 to February 7, 2025# | For Four Years Ended December 31, 2024 and for the Period January 1, 2025 to February 7, 2025# |
| AST International Equity Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Investment Grade Bond Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST J.P. Morgan Conservative Multi-Asset Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST J.P. Morgan Moderate Multi-Asset Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Large-Cap Equity Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Large-Cap Growth Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Large-Cap Value Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST MFS Global Equity Portfolio |  | For the Period January 1, 2025 to January 24, 2025# | For the Year Ended December 31, 2024 and for the Period January 1, 2025 to January 24, 2025# | For Four Years Ended December 31, 2024 and for the Period January 1, 2025 to January 24, 2025# |
| AST Multi-Asset Diversified Plus Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Multi-Asset Diversified Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST PGIM Aggressive Multi-Asset Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Preservation Asset Allocation Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST Quantitative Modeling Portfolio\*\* |  |  |  |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Everlake Financial Advisors Separate Account I** &nbsp;&nbsp;&nbsp;&nbsp; **APPENDIX A (Cont.)**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-account** | **Statements of Net Assets** | **Statements of Operations** | **Statements of Changes<br>in Net Assets** | **Financial Highlights** |
| | **As of** | **For the Year Ended** | **For Each of the/ For the** | **For Each of the/ For the** |
| AST Small-Cap Equity Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| AST T. Rowe Price Natural Resources Portfolio^^ |  |  | For the Year Ended December 31, 2024 | Four Years Ended December 31,<br>2024 |
| BNY Mellon Stock Index Fund, Inc. | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| BNY Mellon Sustainable U.S. Equity Portfolio, Inc.\*\* |  |  |  |  |
| BNY Mellon VIF, Government Money Market Portfolio | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| BNY Mellon VIF, Growth and Income Portfolio - Initial Shares | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| DWS Capital Growth VIP - Class A | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| DWS Core Equity VIP - Class A | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| DWS CROCI® International VIP - Class A | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| DWS Global Income Builder VIP - Class A | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| DWS Global Small Cap VIP - Class A | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| DWS Government Money Market VIP - Class A | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| DWS Small Mid Cap Growth VIP - Class A | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Federated Hermes Government Money Fund II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Asset Manager 70% Portfolio - Service Class 2\*\* |  |  |  |  |
| Fidelity® VIP Contrafund℠ Portfolio - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Contrafund℠ Portfolio - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Equity-Income Portfolio℠ - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Government Money Market Portfolio - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Growth & Income Portfolio - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Growth Opportunities Portfolio - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Growth Portfolio - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Growth Portfolio - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP High Income Portfolio - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP High Income Portfolio - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Index 500 Portfolio - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Index 500 Portfolio - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Mid Cap Portfolio - Service Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Overseas Portfolio - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Fidelity® VIP Overseas Portfolio - Service Class 2! |  | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Franklin DynaTech VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Franklin Growth and Income VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Franklin Income VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Franklin Large Cap Growth VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Everlake Financial Advisors Separate Account I** &nbsp;&nbsp;&nbsp;&nbsp; **APPENDIX A (Cont.)**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-account** | **Statements of Net Assets** | **Statements of Operations** | **Statements of Changes<br>in Net Assets** | **Financial Highlights** |
| | **As of** | **For the Year Ended** | **For Each of the/ For the** | **For Each of the/ For the** |
| Franklin Mutual Global Discovery VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Franklin Mutual Shares VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Franklin Small Cap Value VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Franklin Small-Mid Cap Growth VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Franklin U.S. Government Securities VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Goldman Sachs VIT International Equity Insights Fund - Institutional<br>Class\*\* |  |  |  |  |
| Goldman Sachs VIT Large Cap Value Fund - Institutional Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Goldman Sachs VIT Mid Cap Value Fund - Institutional Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional<br>Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Goldman Sachs VIT Strategic Growth Fund - Institutional Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. American Franchise Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. American Franchise Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. American Value Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. American Value Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Comstock Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Comstock Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Core Equity Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Core Equity Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Core Plus Bond Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Core Plus Bond Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Discovery Large Cap Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Discovery Large Cap Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Discovery Mid Cap Growth Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Discovery Mid Cap Growth Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Diversified Dividend Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Diversified Dividend Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Equally-Weighted S&P 500 Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31, 2025 | For the Period April 29, 2022\* to December 31, 2022 and for Three<br>Years Ended December 31, 2025 |
| Invesco V.I. Equally-Weighted S&P 500 Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31, 2025 | For the Period April 29, 2022\* to December 31, 2022 and for Three<br>Years Ended December 31, 2025 |
| Invesco V.I. Equity and Income Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Equity and Income Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. EQV International Equity Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. EQV International Equity Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Global Core Equity Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Global Core Equity Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Global Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Global Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Global Strategic Income Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Global Strategic Income Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Government Money Market Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Everlake Financial Advisors Separate Account I** &nbsp;&nbsp;&nbsp;&nbsp; **APPENDIX A (Cont.)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-account** | **Statements of Net Assets** | **Statements of Operations** | **Statements of Changes<br>in Net Assets** | **Financial Highlights** |
| | **As of** | **For the Year Ended** | **For Each of the/ For the** | **For Each of the/ For the** |
| Invesco V.I. Government Money Market Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Government Securities Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Government Securities Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Growth and Income Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. High Yield Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. High Yield Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. International Growth Fund - Series II\*\* |  |  |  |  |
| Invesco V.I. Main Street Fund® - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Main Street Fund® - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Main Street Mid Cap Fund® - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Main Street Mid Cap Fund® - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Main Street Small Cap Fund® - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Main Street Small Cap Fund® - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Technology Fund - Series I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Invesco V.I. Technology Fund - Series II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Janus Henderson VIT Forty Portfolio - Institutional Shares! |  | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Janus Henderson VIT Global Research Portfolio - Service Shares\*\* |  |  |  |  |
| Janus Henderson VIT Overseas Portfolio - Service Shares\*\* |  |  |  |  |
| Lazard Retirement Emerging Markets Equity Portfolio - Service<br>Shares! |  | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Legg Mason Partners Clearbridge Variable Large Cap Value<br>Portfolio - Class I! |  | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Lord Abbett Bond Debenture Portfolio - Class VC | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Lord Abbett Fundamental Equity Portfolio - Class VC | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Lord Abbett Growth and Income Portfolio - Class VC | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Lord Abbett Growth Opportunities Portfolio - Class VC | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Lord Abbett Mid Cap Stock Portfolio - Class VC | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| LVIP American Century Balanced Fund - Standard Class II\*\* |  |  |  |  |
| LVIP American Century International Fund - Standard Class II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT Growth Series - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT Growth Series - Service Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT Investors Trust Series - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT Investors Trust Series - Service Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT New Discovery Series - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT New Discovery Series - Service Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT Research Series - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT Research Series - Service Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT Total Return Bond Series - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT Utilities Series - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT Utilities Series - Service Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| MFS® VIT II High Yield Portfolio - Initial Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Morgan Stanley VIF Discovery Portfolio - Class I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Morgan Stanley VIF Discovery Portfolio - Class II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Everlake Financial Advisors Separate Account I** &nbsp;&nbsp;&nbsp;&nbsp; **APPENDIX A (Cont.)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-account** | **Statements of Net Assets** | **Statements of Operations** | **Statements of Changes<br>in Net Assets** | **Financial Highlights** |
| | **As of** | **For the Year Ended** | **For Each of the/ For the** | **For Each of the/ For the** |
| Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Morgan Stanley VIF Global Strategist Portfolio - Class I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Morgan Stanley VIF Global Strategist Portfolio - Class II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Morgan Stanley VIF Growth Portfolio - Class I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Morgan Stanley VIF Growth Portfolio - Class II | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Neuberger Berman AMT Mid Cap Growth Portfolio - Class I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Neuberger Berman AMT Quality Equity Portfolio - Class I | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor<br>Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) -<br>Institutional Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| PIMCO VIT Real Return Portfolio - Advisor Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| PIMCO VIT Total Return Portfolio - Advisor Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| PIMCO VIT Total Return Portfolio - Institutional Class | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| ProFund VP Communication Services\*\* |  |  |  |  |
| ProFund VP Consumer Discretionary\*\* |  |  |  |  |
| ProFund VP Consumer Staples\*\* |  |  |  |  |
| ProFund VP Financials\*\* |  |  |  |  |
| ProFund VP Health Care\*\* |  |  |  |  |
| ProFund VP Industrials\*\* |  |  |  |  |
| ProFund VP Large-Cap Growth\*\* |  |  |  |  |
| ProFund VP Large-Cap Value\*\* |  |  |  |  |
| ProFund VP Mid-Cap Growth\*\* |  |  |  |  |
| ProFund VP Mid-Cap Value\*\* |  |  |  |  |
| ProFund VP Real Estate\*\* |  |  |  |  |
| ProFund VP Small-Cap Growth\*\* |  |  |  |  |
| ProFund VP Small-Cap Value\*\* |  |  |  |  |
| ProFund VP Utilities\*\* |  |  |  |  |
| Putnam VT Core Equity Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Diversified Income Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Emerging Markets Equity Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Focused International Equity Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT George Putnam Balanced Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Global Asset Allocation Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Global Health Care Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Government Money Market Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT High Yield Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Income Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT International Equity Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT International Value Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Large Cap Growth Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Large Cap Value Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Mortgage Securities Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Research Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Small Cap Growth Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Small Cap Value Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Sustainable Future Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Putnam VT Sustainable Leaders Fund - Class IB | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Rydex VT NASDAQ-100® Fund\*\* |  |  |  |  |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Everlake Financial Advisors Separate Account I** &nbsp;&nbsp;&nbsp;&nbsp; **APPENDIX A (Cont.)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-account** | **Statements of Net Assets** | **Statements of Operations** | **Statements of Changes<br>in Net Assets** | **Financial Highlights** |
| | **As of** | **For the Year Ended** | **For Each of the/ For the** | **For Each of the/ For the** |
| Templeton Developing Markets VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Templeton Foreign VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Templeton Global Bond VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |
| Templeton Growth VIP Fund - Class 2 | December 31, 2025 | December 31, 2025 | Two Years Ended December 31,<br>2025 | Five Years Ended December 31,<br>2025 |

---

\* date represents commencement of operations

# represents the date the sub-account ceased operations

! sub-account was available, but had no net assets as of December 31, 2025

\*\* sub-account was available but did not have net assets at December 31, 2025 and did not have any activity for the year ended December 31, 2025

^ sub-account ceased operations on December 31, 2025, and did not have net assets at December 31, 2025

^^ sub-account ceased operations on January 24, 2025, and did not have net assets at December 31, 2025 and did not have any activity for the period ended December 31, 2025

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **AST Aggressive Asset Allocation Portfolio** |
| **ASSETS** | | | | | |
| Investments, at fair value | $4150265 | $3228824 | $27841715 | $29528215 | $1989744 |
| &nbsp;&nbsp;&nbsp;Total assets | $4150265 | $3228824 | $27841715 | $29528215 | $1989744 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $4148132 | $3198262 | $27748411 | $29207723 | $1989744 |
| Contracts in payout (annuitization) period | 2133 | 30562 | 93304 | 320492 |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $4150265 | $3228824 | $27841715 | $29528215 | $1989744 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 254774 | 155083 | 341700 | 957154 | 52848 |
| Cost of investments | $4299601 | $2310162 | $19780649 | $25114863 | $848932 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $44.03 | $13.09 | $37.37 | $32.67 | $21.90 |
| Highest | $59.37 | $17.19 | $93.39 | $57.62 | $37.51 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **AST Aggressive Asset Allocation Portfolio** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $25379 | $68458 | $— | $262138 | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (68214) | (48866) | (447702) | (472357) | (29649) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (8218) | (6094) | (35234) | (32855) | (2850) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (51053) | 13498 | (482936) | (243074) | (32499) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 917009 | 1084760 | 7621268 | 4900938 | 399061 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 913461 | 879717 | 5405367 | 4171574 | 291215 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 3548 | 205043 | 2215901 | 729364 | 107846 |
| Realized gain distributions | 478873 |  | 2715048 | 2447835 |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 482421 | 205043 | 4930949 | 3177199 | 107846 |
| Change in unrealized gains (losses) | (410936) | 839285 | (1435335) | (549957) | 160653 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 71485 | 1044328 | 3495614 | 2627242 | 268499 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $20432 | $1057826 | $3012678 | $2384168 | $236000 |

---

 

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Balanced Asset Allocation Portfolio** | **AST Bond Portfolio 2025** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2030** |
| **ASSETS** | | | | | |
| Investments, at fair value | $5487292 | $— | $262850 | $54896 | $17473 |
| &nbsp;&nbsp;&nbsp;Total assets | $5487292 | $— | $262850 | $54896 | $17473 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $5487292 | $— | $262850 | $54896 | $17473 |
| Contracts in payout (annuitization) period |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $5487292 | $— | $262850 | $54896 | $17473 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 171264 |  | 20600 | 4496 | 1461 |
| Cost of investments | $3426594 | $— | $253581 | $49906 | $17082 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $19.45 | $— | $9.26 | $9.13 | $9.75 |
| Highest | $30.15 | $— | $10.83 | $10.52 | $10.77 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **AST Balanced Asset Allocation Portfolio** | **AST Bond Portfolio 2025** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2030** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (82928) | (2631) | (1565) | (721) | (337) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (9668) | (227) | (164) | (81) | (38) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (92596) | (2858) | (1729) | (802) | (375) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 2455696 | 668206 | 361015 | 836 | 30759 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 1783818 | 658089 | 343281 | 783 | 30241 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 671878 | 10117 | 17734 | 53 | 518 |
| Realized gain distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 671878 | 10117 | 17734 | 53 | 518 |
| Change in unrealized gains (losses) | 199303 | (2893) | (11654) | 3072 | 1424 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 871181 | 7224 | 6080 | 3125 | 1942 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $778585 | $4366 | $4351 | $2323 | $1567 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2032** | **AST Bond Portfolio 2034** | **AST Bond Portfolio 2035** | **AST Bond Portfolio 2036** |
| **ASSETS** | | | | | |
| Investments, at fair value | $152110 | $24136 | $— | $— | $23371 |
| &nbsp;&nbsp;&nbsp;Total assets | $152110 | $24136 | $— | $— | $23371 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $152110 | $24136 | $— | $— | $23371 |
| Contracts in payout (annuitization) period |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $152110 | $24136 | $— | $— | $23371 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 15166 | 2810 |  |  | 2166 |
| Cost of investments | $158050 | $25649 | $— | $— | $23354 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $8.42 | $7.43 | $— | $— | $10.48 |
| Highest | $9.17 | $7.97 | $— | $— | $10.63 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2032** | **AST Bond Portfolio 2034** | **AST Bond Portfolio 2035** | **AST Bond Portfolio 2036** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (1983) | (314) | (31) | (1324) | (33) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (222) | (35) | (3) | (108) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (2205) | (349) | (34) | (1432) | (36) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 2205 | 385 | 12934 | 762040 | 4444 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 2373 | 425 | 12805 | 771599 | 4416 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (168) | (40) | 129 | (9559) | 28 |
| Realized gain distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | (168) | (40) | 129 | (9559) | 28 |
| Change in unrealized gains (losses) | 12096 | 1996 |  |  | 17 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 11928 | 1956 | 129 | (9559) | 45 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $9723 | $1607 | $95 | $(10991) | $9 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Cohen & Steers Realty Portfolio** | **AST Core Fixed Income Portfolio** | **AST Emerging Markets Equity Portfolio** | **AST Global Bond Portfolio** | **AST Government Money Market Portfolio** |
| **ASSETS** | | | | | |
| Investments, at fair value | $— | $165014 | $— | $— | $197380 |
| &nbsp;&nbsp;&nbsp;Total assets | $— | $165014 | $— | $— | $197380 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $— | $165014 | $— | $— | $197380 |
| Contracts in payout (annuitization) period |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $— | $165014 | $— | $— | $197380 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares |  | 11475 |  |  | 197380 |
| Cost of investments | $— | $155639 | $— | $— | $197380 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $— | $10.88 | $— | $— | $7.35 |
| Highest | $— | $14.61 | $— | $— | $10.41 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **AST Cohen & Steers Realty Portfolio** | **AST Core Fixed Income Portfolio** | **AST Emerging Markets Equity Portfolio** | **AST Global Bond Portfolio** | **AST Government Money Market Portfolio** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $13348 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (1) | (1646) | (1) | (9) | (5699) |
| &nbsp;&nbsp;&nbsp;Administrative expense |  | (237) |  | (1) | (533) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (1) | (1883) | (1) | (10) | 7116 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 1334 | 5309 | 3058 | 6129 | 2149429 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 660 | 5096 | 3040 | 6395 | 2149429 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 674 | 213 | 18 | (266) |  |
| Realized gain distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 674 | 213 | 18 | (266) |  |
| Change in unrealized gains (losses) | (655) | 10625 | (62) | 300 |  |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 19 | 10838 | (44) | 34 |  |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $18 | $8955 | $(45) | $24 | $7116 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST High Yield Portfolio** | **AST International Equity Portfolio** | **AST Investment Grade Bond Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| **ASSETS** | | | | | |
| Investments, at fair value | $— | $204597 | $1892941 | $1415377 | $105669 |
| &nbsp;&nbsp;&nbsp;Total assets | $— | $204597 | $1892941 | $1415377 | $105669 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $— | $204597 | $1892941 | $1415377 | $105669 |
| Contracts in payout (annuitization) period |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $— | $204597 | $1892941 | $1415377 | $105669 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares |  | 5734 | 196567 | 51960 | 3947 |
| Cost of investments | $— | $110857 | $1671955 | $891801 | $56249 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $— | $16.73 | $14.84 | $13.99 | $18.33 |
| Highest | $— | $35.20 | $19.73 | $19.79 | $28.64 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **AST High Yield Portfolio** | **AST International Equity Portfolio** | **AST Investment Grade Bond Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (34) | (2749) | (27207) | (20508) | (1123) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (5) | (274) | (3088) | (2172) | (151) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (39) | (3023) | (30295) | (22680) | (1274) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 34266 | 3364 | 562838 | 246785 | 6906 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 20445 | 2210 | 511121 | 177020 | 5219 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 13821 | 1154 | 51717 | 69765 | 1687 |
| Realized gain distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 13821 | 1154 | 51717 | 69765 | 1687 |
| Change in unrealized gains (losses) | (13321) | 49921 | 116736 | 72697 | 9965 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 500 | 51075 | 168453 | 142462 | 11652 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $461 | $48052 | $138158 | $119782 | $10378 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Value Portfolio** | **AST MFS Global Equity Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** |
| **ASSETS** | | | | | |
| Investments, at fair value | $58720 | $305848 | $213626 | $— | $801850 |
| &nbsp;&nbsp;&nbsp;Total assets | $58720 | $305848 | $213626 | $— | $801850 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $58720 | $305848 | $213626 | $— | $801850 |
| Contracts in payout (annuitization) period |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $58720 | $305848 | $213626 | $— | $801850 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 1312 | 2769 | 3500 |  | 36382 |
| Cost of investments | $43912 | $173010 | $167506 | $— | $504398 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $14.86 | $59.00 | $22.62 | $— | $13.00 |
| Highest | $38.72 | $99.90 | $50.95 | $— | $21.23 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Value Portfolio** | **AST MFS Global Equity Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (490) | (3630) | (2741) | (11) | (12729) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (81) | (420) | (295) | (2) | (1197) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (571) | (4050) | (3036) | (13) | (13926) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 2802 | 9547 | 4376 | 20484 | 142665 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 2321 | 6394 | 3716 | 7059 | 105097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 481 | 3153 | 660 | 13425 | 37568 |
| Realized gain distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 481 | 3153 | 660 | 13425 | 37568 |
| Change in unrealized gains (losses) | 6502 | 41378 | 29112 | (12816) | 64276 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 6983 | 44531 | 29772 | 609 | 101844 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $6412 | $40481 | $26736 | $596 | $87918 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Multi-Asset Diversified Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Small-Cap Equity Portfolio** | **BNY Mellon Stock Index Fund, Inc.** |
| **ASSETS** | | | | | |
| Investments, at fair value | $787577 | $3144069 | $2867532 | $54421 | $414316 |
| &nbsp;&nbsp;&nbsp;Total assets | $787577 | $3144069 | $2867532 | $54421 | $414316 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $787577 | $3144069 | $2867532 | $54421 | $414316 |
| Contracts in payout (annuitization) period |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $787577 | $3144069 | $2867532 | $54421 | $414316 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 23608 | 109511 | 121044 | 632 | 4754 |
| Cost of investments | $320559 | $1797013 | $1725091 | $49139 | $213633 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $20.62 | $17.37 | $15.28 | $30.75 | $45.49 |
| Highest | $32.58 | $31.62 | $20.66 | $55.55 | $75.89 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **AST Multi-Asset Diversified Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Small-Cap Equity Portfolio** | **BNY Mellon Stock Index Fund, Inc.** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $— | $— | $— | $3940 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (12638) | (54597) | (35213) | (504) | (5009) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (1350) | (6059) | (3722) | (77) | (380) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (13988) | (60656) | (38935) | (581) | (1449) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 412139 | 3467824 | 375037 | 1353 | 10685 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 210745 | 2230152 | 244729 | 1234 | 5737 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 201394 | 1237672 | 130308 | 119 | 4948 |
| Realized gain distributions |  |  |  |  | 20921 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 201394 | 1237672 | 130308 | 119 | 25869 |
| Change in unrealized gains (losses) | (70850) | (724764) | 139289 | 3623 | 33040 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 130544 | 512908 | 269597 | 3742 | 58909 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $116556 | $452252 | $230662 | $3161 | $57460 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **DWS Capital Growth VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS CROCI® International VIP - Class A** |
| **ASSETS** | | | | | |
| Investments, at fair value | $196937 | $57122 | $1226662 | $698410 | $161079 |
| &nbsp;&nbsp;&nbsp;Total assets | $196937 | $57122 | $1226662 | $698410 | $161079 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $196937 | $57122 | $1009641 | $698410 | $161079 |
| Contracts in payout (annuitization) period |  |  | 217021 |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $196937 | $57122 | $1226662 | $698410 | $161079 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 196937 | 1436 | 28554 | 49709 | 15459 |
| Cost of investments | $196937 | $40175 | $892018 | $557164 | $133224 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $8.66 | $47.72 | $82.51 | $61.51 | $22.19 |
| Highest | $12.10 | $71.15 | $84.79 | $63.21 | $22.81 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **DWS Capital Growth VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS CROCI® International VIP - Class A** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $9332 | $243 | $611 | $5064 | $3907 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (3397) | (724) | (5054) | (2606) | (586) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (244) | (53) | (3685) | (1906) | (424) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 5691 | (534) | (8128) | 552 | 2897 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 344535 | 4276 | 374910 | 166035 | 16997 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 344535 | 3352 | 268208 | 145202 | 16874 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares |  | 924 | 106702 | 20833 | 123 |
| Realized gain distributions |  | 4307 | 142537 | 65388 |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) |  | 5231 | 249239 | 86221 | 123 |
| Change in unrealized gains (losses) |  | 2912 | (105727) | 7252 | 48096 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments |  | 8143 | 143512 | 93473 | 48219 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $5691 | $7609 | $135384 | $94025 | $51116 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **DWS Global Income Builder VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **Federated Hermes Government Money Fund II** |
| **ASSETS** | | | | | |
| Investments, at fair value | $280834 | $453083 | $176044 | $264125 | $1156040 |
| &nbsp;&nbsp;&nbsp;Total assets | $280834 | $453083 | $176044 | $264125 | $1156040 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $271534 | $379031 | $168419 | $239959 | $1125617 |
| Contracts in payout (annuitization) period | 9300 | 74052 | 7625 | 24166 | 30423 |
| &nbsp;&nbsp;&nbsp;Total net assets | $280834 | $453083 | $176044 | $264125 | $1156040 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 12565 | 39160 | 176044 | 18613 | 1156040 |
| Cost of investments | $270904 | $437087 | $176044 | $278547 | $1156040 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $28.42 | $59.22 | $11.25 | $33.87 | $8.63 |
| Highest | $29.02 | $60.86 | $11.47 | $34.58 | $12.66 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **DWS Global Income Builder VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **Federated Hermes Government Money Fund II** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $16760 | $4966 | $7275 | $— | $47829 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (1383) | (1728) | (756) | (1049) | (16712) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (1010) | (1235) | (560) | (752) | (1302) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 14367 | 2003 | 5959 | (1801) | 29815 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 300676 | 71015 | 389396 | 16698 | 283480 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 305341 | 78503 | 389396 | 18051 | 283480 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (4665) | (7488) |  | (1353) |  |
| Realized gain distributions | 47984 | 24499 |  | 17739 |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 43319 | 17011 |  | 16386 |  |
| Change in unrealized gains (losses) | (11855) | 56533 |  | 3906 |  |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 31464 | 73544 |  | 20292 |  |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $45831 | $75547 | $5959 | $18491 | $29815 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** |
| **ASSETS** | | | | | |
| Investments, at fair value | $3816229 | $24524513 | $415952 | $378369 | $1883812 |
| &nbsp;&nbsp;&nbsp;Total assets | $3816229 | $24524513 | $415952 | $378369 | $1883812 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $3599791 | $24116527 | $415952 | $374615 | $1792666 |
| Contracts in payout (annuitization) period | 216438 | 407986 |  | 3754 | 91146 |
| &nbsp;&nbsp;&nbsp;Total net assets | $3816229 | $24524513 | $415952 | $378369 | $1883812 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 63721 | 431314 | 14134 | 13451 | 156593 |
| Cost of investments | $2665669 | $17507668 | $329015 | $303887 | $1860784 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $73.60 | $45.29 | $41.74 | $35.79 | $15.56 |
| Highest | $137.83 | $101.47 | $54.60 | $48.23 | $20.58 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $4990 | $— | $7063 | $5886 | $55957 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (45145) | (343109) | (5176) | (6337) | (30521) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (3727) | (45282) | (382) | (434) | (3579) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (43882) | (388391) | 1505 | (885) | 21857 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 996248 | 5244581 | 6022 | 134082 | 209526 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 616112 | 3534172 | 4813 | 105145 | 209627 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 380136 | 1710409 | 1209 | 28937 | (101) |
| Realized gain distributions | 590142 | 3921802 | 21708 | 21531 | 23720 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 970278 | 5632211 | 22917 | 50468 | 23619 |
| Change in unrealized gains (losses) | (247586) | (1031122) | 36951 | 17614 | 104338 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 722692 | 4601089 | 59868 | 68082 | 127957 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $678810 | $4212698 | $61373 | $67197 | $149814 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** |
| **ASSETS** | | | | | |
| Investments, at fair value | $1371629 | $654735 | $132857 | $52603803 | $67053522 |
| &nbsp;&nbsp;&nbsp;Total assets | $1371629 | $654735 | $132857 | $52603803 | $67053522 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $1371629 | $654735 | $132857 | $51361142 | $66600228 |
| Contracts in payout (annuitization) period |  |  |  | 1242661 | 453294 |
| &nbsp;&nbsp;&nbsp;Total net assets | $1371629 | $654735 | $132857 | $52603803 | $67053522 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 104465 | 37349 | 11424 | 52603803 | 67053522 |
| Cost of investments | $1282740 | $522039 | $128039 | $52603804 | $67053523 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $18.02 | $20.99 | $12.52 | $10.02 | $8.03 |
| Highest | $23.83 | $27.76 | $16.56 | $11.42 | $10.52 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $33980 | $13673 | $5035 | $2244128 | $2763910 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (21213) | (10047) | (2794) | (722566) | (1166289) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (2686) | (1209) | (364) | (52158) | (102673) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 10081 | 2417 | 1877 | 1469404 | 1494948 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 197472 | 67062 | 280986 | 14605474 | 22312284 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 190212 | 65061 | 273618 | 14605474 | 22312284 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 7260 | 2001 | 7368 |  |  |
| Realized gain distributions | 76622 | 29153 | 68 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 83882 | 31154 | 7436 |  |  |
| Change in unrealized gains (losses) | 54291 | 43868 | 6708 |  |  |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 138173 | 75022 | 14144 |  |  |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $148254 | $77439 | $16021 | $1469404 | $1494948 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Initial Class** |
| **ASSETS** | | | | | |
| Investments, at fair value | $3286386 | $2753508 | $3685125 | $134471 | $111773 |
| &nbsp;&nbsp;&nbsp;Total assets | $3286386 | $2753508 | $3685125 | $134471 | $111773 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $3268631 | $2753508 | $3636263 | $134471 | $110628 |
| Contracts in payout (annuitization) period | 17755 |  | 48862 |  | 1145 |
| &nbsp;&nbsp;&nbsp;Total net assets | $3286386 | $2753508 | $3685125 | $134471 | $111773 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 102732 | 28563 | 37711 | 1448 | 22904 |
| Cost of investments | $2246147 | $1621994 | $2954020 | $102253 | $122351 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $42.63 | $76.50 | $49.40 | $56.34 | $19.90 |
| Highest | $55.99 | $101.17 | $111.40 | $87.00 | $24.94 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Initial Class** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $41446 | $— | $10149 | $64 | $7048 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (49705) | (32870) | (44537) | (2225) | (1499) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (6132) | (4736) | (3570) | (147) | (125) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (14391) | (37606) | (37958) | (2308) | 5424 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 765465 | 277751 | 383411 | 62293 | 35375 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 492252 | 176181 | 282962 | 48847 | 37735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 273213 | 101570 | 100449 | 13446 | (2360) |
| Realized gain distributions | 301768 | 35333 | 452063 | 17962 |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 574981 | 136903 | 552512 | 31408 | (2360) |
| Change in unrealized gains (losses) | 2603 | 360473 | (66434) | (18269) | 7477 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 577584 | 497376 | 486078 | 13139 | 5117 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $563193 | $459770 | $448120 | $10831 | $10541 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** |
| **ASSETS** | | | | | |
| Investments, at fair value | $922927 | $3193754 | $4265588 | $369760 | $365 |
| &nbsp;&nbsp;&nbsp;Total assets | $922927 | $3193754 | $4265588 | $369760 | $365 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $913411 | $3086164 | $4265588 | $369760 | $365 |
| Contracts in payout (annuitization) period | 9516 | 107590 |  |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $922927 | $3193754 | $4265588 | $369760 | $365 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 200201 | 4838 | 6560 | 32549 | 33 |
| Cost of investments | $1011196 | $1069029 | $1727370 | $407446 | $410 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $17.48 | $47.26 | $41.96 | $19.72 | $16.29 |
| Highest | $29.62 | $59.18 | $70.68 | $21.92 | $16.29 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $59735 | $34777 | $37126 | $13209 | $12 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (13940) | (38563) | (59904) | (4372) | (5) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (1633) | (3089) | (7504) | (379) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 44162 | (6875) | (30282) | 8458 | 7 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 140391 | 428223 | 564418 | 34874 | 410 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 153380 | 145193 | 241989 | 38277 | 478 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (12989) | 283030 | 322429 | (3403) | (68) |
| Realized gain distributions |  | 15995 | 21022 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | (12989) | 299025 | 343451 | (3403) | (68) |
| Change in unrealized gains (losses) | 42245 | 180211 | 284184 | 16752 | 78 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 29256 | 479236 | 627635 | 13349 | 10 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $73418 | $472361 | $597353 | $21807 | $17 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** |
| **ASSETS** | | | | | |
| Investments, at fair value | $5349343 | $380786 | $— | $869714 | $11792068 |
| &nbsp;&nbsp;&nbsp;Total assets | $5349343 | $380786 | $— | $869714 | $11792068 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $5316296 | $380786 | $— | $850643 | $11712213 |
| Contracts in payout (annuitization) period | 33047 |  |  | 19071 | 79855 |
| &nbsp;&nbsp;&nbsp;Total net assets | $5349343 | $380786 | $— | $869714 | $11792068 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 152100 | 13837 |  | 132175 | 1604363 |
| Cost of investments | $5114026 | $298573 | $— | $698947 | $13424308 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $28.26 | $20.29 | $— | $46.65 | $41.56 |
| Highest | $50.85 | $27.53 | $— | $61.27 | $57.74 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $12524 | $5933 | $— | $— | $247903 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (75650) | (4626) |  | (13365) | (164671) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (9769) | (378) |  | (1704) | (21774) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (72895) | 929 |  | (15069) | 61458 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 906209 | 42596 | 262 | 317428 | 1699384 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 893131 | 30118 | 201 | 292126 | 2015725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 13078 | 12478 | 61 | 25302 | (316341) |
| Realized gain distributions | 617835 | 33064 |  |  | 1067321 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 630913 | 45542 | 61 | 25302 | 750980 |
| Change in unrealized gains (losses) | (87109) | 18450 | (58) | 127193 | 800840 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 543804 | 63992 | 3 | 152495 | 1551820 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $470909 | $64921 | $3 | $137426 | $1613278 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Franklin Income VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** |
| **ASSETS** | | | | | |
| Investments, at fair value | $35669948 | $8330546 | $4354224 | $21640770 | $10877908 |
| &nbsp;&nbsp;&nbsp;Total assets | $35669948 | $8330546 | $4354224 | $21640770 | $10877908 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $35491206 | $8027939 | $4250861 | $21414105 | $10783378 |
| Contracts in payout (annuitization) period | 178742 | 302607 | 103363 | 226665 | 94530 |
| &nbsp;&nbsp;&nbsp;Total net assets | $35669948 | $8330546 | $4354224 | $21640770 | $10877908 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 2352899 | 464615 | 228448 | 1344147 | 784276 |
| Cost of investments | $34801037 | $8394000 | $4240941 | $22147883 | $11105882 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $21.83 | $37.99 | $23.34 | $22.88 | $35.01 |
| Highest | $29.81 | $51.39 | $38.73 | $51.32 | $69.23 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Franklin Income VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $1829002 | $— | $78083 | $438019 | $121594 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (530220) | (117802) | (62180) | (325726) | (160736) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (53709) | (16339) | (8179) | (36443) | (19214) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 1245073 | (134141) | 7724 | 75850 | (58356) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 8660493 | 2366369 | 965386 | 4253453 | 2664758 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 8929493 | 2278021 | 927616 | 4267190 | 2897107 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (269000) | 88348 | 37770 | (13737) | (232349) |
| Realized gain distributions | 384449 | 1693997 | 432818 | 2158130 | 948322 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 115449 | 1782345 | 470588 | 2144393 | 715973 |
| Change in unrealized gains (losses) | 2263191 | (1177488) | 352939 | (204309) | (114543) |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 2378640 | 604857 | 823527 | 1940084 | 601430 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $3623713 | $470716 | $831251 | $2015934 | $543074 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** |
| **ASSETS** | | | | | |
| Investments, at fair value | $792052 | $3176238 | $996832 | $1168741 | $1989371 |
| &nbsp;&nbsp;&nbsp;Total assets | $792052 | $3176238 | $996832 | $1168741 | $1989371 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $792052 | $3091183 | $996832 | $1165014 | $1989356 |
| Contracts in payout (annuitization) period |  | 85055 |  | 3727 | 15 |
| &nbsp;&nbsp;&nbsp;Total net assets | $792052 | $3176238 | $996832 | $1168741 | $1989371 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 55350 | 302499 | 121862 | 71746 | 139312 |
| Cost of investments | $856212 | $3405562 | $1131864 | $1150711 | $1781066 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $26.06 | $9.33 | $26.50 | $33.22 | $31.00 |
| Highest | $76.03 | $12.70 | $39.05 | $92.59 | $69.36 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $103786 | $10692 | $13511 | $13581 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (11434) | (51006) | (16685) | (15679) | (29866) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (1430) | (6205) | (1972) | (2160) | (3625) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (12864) | 46575 | (7965) | (4328) | (19910) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 60538 | 1000910 | 275770 | 232256 | 604662 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 64170 | 1097108 | 296842 | 217644 | 561483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (3632) | (96198) | (21072) | 14612 | 43179 |
| Realized gain distributions | 45477 |  | 133000 | 122494 | 154564 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 41845 | (96198) | 111928 | 137106 | 197743 |
| Change in unrealized gains (losses) | (19271) | 207441 | (18183) | (46941) | 80205 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 22574 | 111243 | 93745 | 90165 | 277948 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $9710 | $157818 | $85780 | $85837 | $258038 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Value Fund - Series I** |
| **ASSETS** | | | | | |
| Investments, at fair value | $9692 | $1541557 | $82437958 | $17604729 | $34285145 |
| &nbsp;&nbsp;&nbsp;Total assets | $9692 | $1541557 | $82437958 | $17604729 | $34285145 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $9692 | $1523280 | $80114961 | $17569429 | $33702371 |
| Contracts in payout (annuitization) period |  | 18277 | 2322997 | 35300 | 582774 |
| &nbsp;&nbsp;&nbsp;Total net assets | $9692 | $1541557 | $82437958 | $17604729 | $34285145 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 626 | 70746 | 1017753 | 244680 | 1888989 |
| Cost of investments | $7931 | $1278955 | $56580675 | $12304444 | $28944261 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $49.43 | $41.88 | $26.79 | $40.10 | $17.42 |
| Highest | $81.36 | $64.80 | $86.59 | $81.01 | $89.60 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Value Fund - Series I** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $10202 | $— | $— | $145895 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (125) | (23898) | (1124081) | (288496) | (489819) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (10) | (2940) | (81886) | (24262) | (34806) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (135) | (16636) | (1205967) | (312758) | (378730) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 151 | 558020 | 13962570 | 2819189 | 5018591 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 115 | 436408 | 9116328 | 1855009 | 4213607 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 36 | 121612 | 4846242 | 964180 | 804984 |
| Realized gain distributions | 1432 | 193113 | 7547778 | 1804736 | 4868105 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 1468 | 314725 | 12394020 | 2768916 | 5673089 |
| Change in unrealized gains (losses) | 12 | (93695) | (3300144) | (821361) | 388209 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 1480 | 221030 | 9093876 | 1947555 | 6061298 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $1345 | $204394 | $7887909 | $1634797 | $5682568 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series II** |
| **ASSETS** | | | | | |
| Investments, at fair value | $12726620 | $18299644 | $47481794 | $52774306 | $750875 |
| &nbsp;&nbsp;&nbsp;Total assets | $12726620 | $18299644 | $47481794 | $52774306 | $750875 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $12674360 | $18210664 | $47279898 | $50498101 | $747201 |
| Contracts in payout (annuitization) period | 52260 | 88980 | 201896 | 2276205 | 3674 |
| &nbsp;&nbsp;&nbsp;Total net assets | $12726620 | $18299644 | $47481794 | $52774306 | $750875 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 716589 | 854325 | 2230239 | 1464732 | 20998 |
| Cost of investments | $10831941 | $15076213 | $36285294 | $42981124 | $608655 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $16.67 | $42.49 | $34.88 | $27.95 | $30.00 |
| Highest | $81.75 | $65.82 | $60.62 | $74.11 | $46.83 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series II** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $25775 | $293265 | $661051 | $330492 | $2947 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (184623) | (244997) | (747095) | (679814) | (12006) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (22771) | (18114) | (69625) | (51228) | (1165) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (181619) | 30154 | (155669) | (400550) | (10224) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 2325959 | 4639952 | 8773931 | 8330208 | 51843 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 1917011 | 3673361 | 6467297 | 6881592 | 43554 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 408948 | 966591 | 2306634 | 1448616 | 8289 |
| Realized gain distributions | 1851885 | 1849138 | 4898828 | 3804609 | 53924 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 2260833 | 2815729 | 7205462 | 5253225 | 62213 |
| Change in unrealized gains (losses) | 41538 | (211338) | (408701) | 2191336 | 38661 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 2302371 | 2604391 | 6796761 | 7444561 | 100874 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $2120752 | $2634545 | $6641092 | $7044011 | $90650 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** |
| **ASSETS** | | | | | |
| Investments, at fair value | $3452732 | $3922176 | $4021422 | $12848936 | $4868001 |
| &nbsp;&nbsp;&nbsp;Total assets | $3452732 | $3922176 | $4021422 | $12848936 | $4868001 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $3329918 | $3889393 | $3898565 | $12700384 | $4704486 |
| Contracts in payout (annuitization) period | 122814 | 32783 | 122857 | 148552 | 163515 |
| &nbsp;&nbsp;&nbsp;Total net assets | $3452732 | $3922176 | $4021422 | $12848936 | $4868001 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 590211 | 679753 | 63580 | 216860 | 64725 |
| Cost of investments | $3760799 | $3938219 | $3038777 | $10059764 | $4689272 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $13.47 | $10.00 | $38.99 | $50.10 | $16.30 |
| Highest | $18.85 | $15.52 | $63.55 | $69.14 | $48.46 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $146289 | $160794 | $— | $— | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (45494) | (51777) | (46558) | (185163) | (64834) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (3483) | (7217) | (3778) | (24373) | (4967) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 97312 | 101800 | (50336) | (209536) | (69801) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 987047 | 953379 | 321155 | 2497238 | 830344 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 1087507 | 958910 | 240091 | 1821574 | 784130 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (100460) | (5531) | 81064 | 675664 | 46214 |
| Realized gain distributions |  |  | 461478 | 1586429 | 411964 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | (100460) | (5531) | 542542 | 2262093 | 458178 |
| Change in unrealized gains (losses) | 198735 | 104318 | (94241) | (703211) | (239055) |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 98275 | 98787 | 448301 | 1558882 | 219123 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $195587 | $200587 | $397965 | $1349346 | $149322 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II** |
| **ASSETS** | | | | | |
| Investments, at fair value | $8695590 | $76126599 | $18629076 | $25095121 | $37256577 |
| &nbsp;&nbsp;&nbsp;Total assets | $8695590 | $76126599 | $18629076 | $25095121 | $37256577 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $8629397 | $74757777 | $18552637 | $25075619 | $36989089 |
| Contracts in payout (annuitization) period | 66193 | 1368822 | 76439 | 19502 | 267488 |
| &nbsp;&nbsp;&nbsp;Total net assets | $8695590 | $76126599 | $18629076 | $25095121 | $37256577 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 137133 | 2796716 | 692788 | 874090 | 1359729 |
| Cost of investments | $8658717 | $56544241 | $14255628 | $24128010 | $36020946 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $15.26 | $31.34 | $27.11 | $12.81 | $12.44 |
| Highest | $59.54 | $130.81 | $43.76 | $13.47 | $13.05 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $1188242 | $253352 | $385803 | $511263 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (140427) | (982721) | (306167) | (336217) | (614870) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (14353) | (70776) | (23485) | (24805) | (48975) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (154780) | 134745 | (76300) | 24781 | (152582) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 2046256 | 14110136 | 3611702 | 4681725 | 6706639 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 1976034 | 10474342 | 2724376 | 4457366 | 6300140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 70222 | 3635794 | 887326 | 224359 | 406499 |
| Realized gain distributions | 880737 | 5681365 | 1424282 | 1885231 | 2956047 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 950959 | 9317159 | 2311608 | 2109590 | 3362546 |
| Change in unrealized gains (losses) | (564003) | 489350 | 98461 | 73910 | 14341 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 386956 | 9806509 | 2410069 | 2183500 | 3376887 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $232176 | $9941254 | $2333769 | $2208281 | $3224305 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series I** |
| **ASSETS** | | | | | |
| Investments, at fair value | $18130322 | $17338756 | $9624259 | $790257 | $15695131 |
| &nbsp;&nbsp;&nbsp;Total assets | $18130322 | $17338756 | $9624259 | $790257 | $15695131 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $17666548 | $17079408 | $9264954 | $776224 | $15596838 |
| Contracts in payout (annuitization) period | 463774 | 259348 | 359305 | 14033 | 98293 |
| &nbsp;&nbsp;&nbsp;Total net assets | $18130322 | $17338756 | $9624259 | $790257 | $15695131 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 992355 | 956885 | 266526 | 22330 | 1331224 |
| Cost of investments | $16931813 | $15598489 | $7818708 | $715675 | $12329425 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $11.18 | $20.54 | $20.60 | $12.67 | $21.96 |
| Highest | $58.40 | $43.43 | $41.39 | $33.70 | $56.77 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series I** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $366613 | $322283 | $134917 | $9057 | $209970 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (234751) | (268669) | (123230) | (12549) | (205895) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (17112) | (28358) | (9457) | (1351) | (15176) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 114750 | 25256 | 2230 | (4843) | (11101) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 3313779 | 3047216 | 1357729 | 249160 | 2939355 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 3146529 | 2780971 | 1087314 | 230027 | 2287597 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 167250 | 266245 | 270415 | 19133 | 651758 |
| Realized gain distributions | 931286 | 924661 | 598816 | 49422 | 1039595 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 1098536 | 1190906 | 869231 | 68555 | 1691353 |
| Change in unrealized gains (losses) | 675398 | 544477 | 441803 | 43754 | 379376 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 1773934 | 1735383 | 1311034 | 112309 | 2070729 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $1888684 | $1760639 | $1313264 | $107466 | $2059628 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series II** |
| **ASSETS** | | | | | |
| Investments, at fair value | $7322142 | $2110957 | $5413553 | $291443 | $14141027 |
| &nbsp;&nbsp;&nbsp;Total assets | $7322142 | $2110957 | $5413553 | $291443 | $14141027 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $7285395 | $2109800 | $5330100 | $289845 | $13861133 |
| Contracts in payout (annuitization) period | 36747 | 1157 | 83453 | 1598 | 279894 |
| &nbsp;&nbsp;&nbsp;Total net assets | $7322142 | $2110957 | $5413553 | $291443 | $14141027 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 618947 | 55625 | 149134 | 63773 | 2995980 |
| Cost of investments | $5698756 | $1943245 | $5175694 | $311536 | $14864922 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $21.21 | $43.09 | $51.80 | $4.40 | $14.92 |
| Highest | $32.83 | $74.32 | $71.98 | $24.54 | $20.74 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series II** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $80640 | $— | $— | $16657 | $784768 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (119194) | (23932) | (78240) | (4403) | (213424) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (9327) | (1988) | (10318) | (333) | (28329) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (47881) | (25920) | (88558) | 11921 | 543015 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 1104151 | 239113 | 1084270 | 115504 | 3516909 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 846497 | 206557 | 980715 | 122484 | 3762517 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 257654 | 32556 | 103555 | (6980) | (245608) |
| Realized gain distributions | 491828 | 382406 | 1040305 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 749482 | 414962 | 1143860 | (6980) | (245608) |
| Change in unrealized gains (losses) | 201810 | (130294) | (387316) | 31518 | 1244443 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 951292 | 284668 | 756544 | 24538 | 998835 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $903411 | $258748 | $667986 | $36459 | $1541850 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** |
| **ASSETS** | | | | | |
| Investments, at fair value | $2743826 | $75 | $2859126 | $105012 | $19312147 |
| &nbsp;&nbsp;&nbsp;Total assets | $2743826 | $75 | $2859126 | $105012 | $19312147 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $2730160 | $75 | $2793896 | $105012 | $19072319 |
| Contracts in payout (annuitization) period | 13666 |  | 65230 |  | 239828 |
| &nbsp;&nbsp;&nbsp;Total net assets | $2743826 | $75 | $2859126 | $105012 | $19312147 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 2743826 | 75 | 268463 | 9963 | 904974 |
| Cost of investments | $2743826 | $75 | $3129659 | $118802 | $17236345 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $9.89 | $7.71 | $12.62 | $10.48 | $41.83 |
| Highest | $12.42 | $10.05 | $17.85 | $13.66 | $61.01 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $104160 | $1 | $92307 | $2963 | $227397 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (33243) |  | (37634) | (1750) | (292106) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (2652) |  | (2944) | (104) | (37031) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 68265 | 1 | 51729 | 1109 | (101740) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 571932 | 1 | 476517 | 2070 | 4119453 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 571932 | 1 | 527965 | 2358 | 3724169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares |  |  | (51448) | (288) | 395284 |
| Realized gain distributions |  |  |  |  | 1480181 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) |  |  | (51448) | (288) | 1875465 |
| Change in unrealized gains (losses) |  |  | 168707 | 4235 | 661063 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments |  |  | 117259 | 3947 | 2536528 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $68265 | $1 | $168988 | $5056 | $2434788 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** |
| **ASSETS** | | | | | |
| Investments, at fair value | $4648438 | $3154743 | $708441 | $16539008 | $6007769 |
| &nbsp;&nbsp;&nbsp;Total assets | $4648438 | $3154743 | $708441 | $16539008 | $6007769 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $4523750 | $3149458 | $681350 | $16347200 | $5939284 |
| Contracts in payout (annuitization) period | 124688 | 5285 | 27091 | 191808 | 68485 |
| &nbsp;&nbsp;&nbsp;Total net assets | $4648438 | $3154743 | $708441 | $16539008 | $6007769 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 980683 | 675534 | 31984 | 771049 | 545665 |
| Cost of investments | $5159321 | $3542884 | $665625 | $15760761 | $5941500 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $9.08 | $10.27 | $39.05 | $47.67 | $31.01 |
| Highest | $39.58 | $27.59 | $59.46 | $66.23 | $51.37 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $323460 | $219527 | $3703 | $51374 | $19180 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (60933) | (54812) | (10519) | (238108) | (85704) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (4270) | (4353) | (774) | (31250) | (6213) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 258257 | 160362 | (7590) | (217984) | (72737) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 819985 | 599230 | 222338 | 2907022 | 1334191 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 895874 | 664025 | 206307 | 2853625 | 1356383 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (75889) | (64795) | 16031 | 53397 | (22192) |
| Realized gain distributions |  |  | 42353 | 1030850 | 565890 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | (75889) | (64795) | 58384 | 1084247 | 543698 |
| Change in unrealized gains (losses) | 57055 | 47991 | 52661 | 1266403 | (81098) |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | (18834) | (16804) | 111045 | 2350650 | 462600 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $239423 | $143558 | $103455 | $2132666 | $389863 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series II** |
| **ASSETS** | | | | | |
| Investments, at fair value | $450736 | $775737 | $7145584 | $3543183 | $4488 |
| &nbsp;&nbsp;&nbsp;Total assets | $450736 | $775737 | $7145584 | $3543183 | $4488 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $442730 | $760920 | $7070294 | $3517858 | $4488 |
| Contracts in payout (annuitization) period | 8006 | 14817 | 75290 | 25325 |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $450736 | $775737 | $7145584 | $3543183 | $4488 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 42927 | 27181 | 257870 | 137921 | 211 |
| Cost of investments | $457582 | $623485 | $5788968 | $2814277 | $3418 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $26.83 | $74.89 | $55.67 | $67.76 | $55.03 |
| Highest | $40.62 | $83.23 | $77.35 | $77.17 | $69.87 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series II** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $472 | $3389 | $16684 | $— | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (7643) | (9196) | (103247) | (40969) | (53) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (766) | (750) | (13688) | (3193) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (7937) | (6557) | (100251) | (44162) | (57) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 62583 | 65470 | 1280126 | 354249 | 238 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 61960 | 50283 | 992437 | 288322 | 174 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 623 | 15187 | 287689 | 65927 | 64 |
| Realized gain distributions | 45165 | 76062 | 741860 | 373977 | 552 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 45788 | 91249 | 1029549 | 439904 | 616 |
| Change in unrealized gains (losses) | (6616) | (30249) | (459689) | 171608 | 146 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 39172 | 61000 | 569860 | 611512 | 762 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $31235 | $54443 | $469609 | $567350 | $705 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** |
| **ASSETS** | | | | | |
| Investments, at fair value | $— | $— | $— | $5260351 | $1592136 |
| &nbsp;&nbsp;&nbsp;Total assets | $— | $— | $— | $5260351 | $1592136 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $— | $— | $— | $5124249 | $1517768 |
| Contracts in payout (annuitization) period |  |  |  | 136102 | 74368 |
| &nbsp;&nbsp;&nbsp;Total net assets | $— | $— | $— | $5260351 | $1592136 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares |  |  |  | 495792 | 83885 |
| Cost of investments | $— | $— | $— | $5680011 | $1412723 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $— | $— | $— | $17.69 | $32.35 |
| Highest | $— | $— | $— | $23.92 | $43.75 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $— | $— | $306341 | $6483 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk |  |  |  | (78318) | (23647) |
| &nbsp;&nbsp;&nbsp;Administrative expense |  |  |  | (10345) | (3035) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) |  |  |  | 217678 | (20199) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 276 | 194 | 884 | 1312791 | 319749 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 171 | 160 | 872 | 1420310 | 282072 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 105 | 34 | 12 | (107519) | 37677 |
| Realized gain distributions |  |  |  |  | 150189 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 105 | 34 | 12 | (107519) | 187866 |
| Change in unrealized gains (losses) | (102) | (31) | 3 | 227157 | 14853 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 3 | 3 | 15 | 119638 | 202719 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $3 | $3 | $15 | $337316 | $182520 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **LVIP American Century International Fund - Standard Class II** | **MFS® VIT Growth Series - Initial Class** |
| **ASSETS** | | | | | |
| Investments, at fair value | $3859843 | $2045228 | $4522493 | $9005 | $797954 |
| &nbsp;&nbsp;&nbsp;Total assets | $3859843 | $2045228 | $4522493 | $9005 | $797954 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $3811203 | $2028272 | $4459007 | $9005 | $778656 |
| Contracts in payout (annuitization) period | 48640 | 16956 | 63486 |  | 19298 |
| &nbsp;&nbsp;&nbsp;Total net assets | $3859843 | $2045228 | $4522493 | $9005 | $797954 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 91989 | 184089 | 173608 | 735 | 11761 |
| Cost of investments | $3107138 | $2261649 | $3968641 | $6443 | $597332 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $29.30 | $39.21 | $24.43 | $28.25 | $39.31 |
| Highest | $39.63 | $53.03 | $33.05 | $29.07 | $105.64 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **LVIP American Century International Fund - Standard Class II** | **MFS® VIT Growth Series - Initial Class** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $20826 | $— | $14478 | $106 | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (59038) | (29648) | (65083) | (116) | (10249) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (7789) | (3987) | (8666) | (8) | (810) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (46001) | (33635) | (59271) | (18) | (11059) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 1192340 | 896185 | 791661 | 130 | 156917 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 930434 | 902590 | 682942 | 96 | 106105 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 261906 | (6405) | 108719 | 34 | 50812 |
| Realized gain distributions | 397503 | 320385 | 360532 |  | 140962 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 659409 | 313980 | 469251 | 34 | 191774 |
| Change in unrealized gains (losses) | (26311) | (24948) | (177246) | 1116 | (104605) |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 633098 | 289032 | 292005 | 1150 | 87169 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $587097 | $255397 | $232734 | $1132 | $76110 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Service Class** |
| **ASSETS** | | | | | |
| Investments, at fair value | $43016 | $952133 | $103289 | $1039253 | $67122 |
| &nbsp;&nbsp;&nbsp;Total assets | $43016 | $952133 | $103289 | $1039253 | $67122 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $43016 | $952133 | $103289 | $1039253 | $67122 |
| Contracts in payout (annuitization) period |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $43016 | $952133 | $103289 | $1039253 | $67122 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 709 | 36397 | 4039 | 66619 | 5547 |
| Cost of investments | $32095 | $952111 | $102121 | $1069444 | $78452 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $54.19 | $40.40 | $40.00 | $37.47 | $35.99 |
| Highest | $91.40 | $53.52 | $56.36 | $84.09 | $53.11 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Service Class** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $14892 | $576 | $— | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (643) | (12363) | (1298) | (12148) | (872) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (43) | (913) | (96) | (985) | (66) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (686) | 1616 | (818) | (13133) | (938) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 5057 | 52815 | 2479 | 129752 | 15060 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 3675 | 52720 | 1790 | 147490 | 21768 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 1382 | 95 | 689 | (17738) | (6708) |
| Realized gain distributions | 8772 | 381122 | 40729 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 10154 | 381217 | 41418 | (17738) | (6708) |
| Change in unrealized gains (losses) | (5152) | (278430) | (29802) | 140261 | 12622 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 5002 | 102787 | 11616 | 122523 | 5914 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $4316 | $104403 | $10798 | $109390 | $4976 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Service Class** |
| **ASSETS** | | | | | |
| Investments, at fair value | $249750 | $31032 | $516231 | $49731 | $76147 |
| &nbsp;&nbsp;&nbsp;Total assets | $249750 | $31032 | $516231 | $49731 | $76147 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $238146 | $31032 | $516231 | $49731 | $76147 |
| Contracts in payout (annuitization) period | 11604 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $249750 | $31032 | $516231 | $49731 | $76147 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 8191 | 1040 | 43823 | 1318 | 2068 |
| Cost of investments | $217843 | $25298 | $546307 | $37578 | $56915 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $36.91 | $41.75 | $20.19 | $53.94 | $40.01 |
| Highest | $52.72 | $63.64 | $22.44 | $60.91 | $58.89 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Service Class** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $2449 | $53 | $23487 | $1373 | $1978 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (3267) | (486) | (6027) | (626) | (978) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (251) | (33) | (524) | (47) | (72) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (1069) | (466) | 16936 | 700 | 928 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 28046 | 9902 | 42019 | 1311 | 1052 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 23693 | 7374 | 44776 | 1050 | 808 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 4353 | 2528 | (2757) | 261 | 244 |
| Realized gain distributions | 60009 | 8192 |  | 628 | 986 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 64362 | 10720 | (2757) | 889 | 1230 |
| Change in unrealized gains (losses) | (35821) | (6761) | 15832 | 4276 | 6660 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 28541 | 3959 | 13075 | 5165 | 7890 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $27472 | $3493 | $30011 | $5865 | $8818 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MFS® VIT II High Yield Portfolio - Initial Class** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** |
| **ASSETS** | | | | | |
| Investments, at fair value | $283235 | $12705393 | $6774885 | $2368535 | $8018922 |
| &nbsp;&nbsp;&nbsp;Total assets | $283235 | $12705393 | $6774885 | $2368535 | $8018922 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $283235 | $12684890 | $6672221 | $2364682 | $8010171 |
| Contracts in payout (annuitization) period |  | 20503 | 102664 | 3853 | 8751 |
| &nbsp;&nbsp;&nbsp;Total net assets | $283235 | $12705393 | $6774885 | $2368535 | $8018922 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 55645 | 1740465 | 1053637 | 443546 | 456399 |
| Cost of investments | $305294 | $16240557 | $8587557 | $2934243 | $6218488 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $24.46 | $66.32 | $38.98 | $20.16 | $23.77 |
| Highest | $27.19 | $94.59 | $102.64 | $33.52 | $43.22 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **MFS® VIT II High Yield Portfolio - Initial Class** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $19363 | $56386 | $29380 | $356454 | $29094 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (3260) | (211972) | (113278) | (34998) | (112054) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (282) | (13294) | (14246) | (4614) | (7194) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 15821 | (168880) | (98144) | 316842 | (90154) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 17521 | 1549908 | 2316219 | 540668 | 887397 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 19124 | 1969356 | 2799329 | 691545 | 799050 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (1603) | (419448) | (483110) | (150877) | 88347 |
| Realized gain distributions |  |  |  |  | 241609 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | (1603) | (419448) | (483110) | (150877) | 329956 |
| Change in unrealized gains (losses) | 5809 | 1922531 | 1425273 | 137517 | 1714895 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 4206 | 1503083 | 942163 | (13360) | 2044851 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $20027 | $1334203 | $844019 | $303482 | $1954697 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class II** |
| **ASSETS** | | | | | |
| Investments, at fair value | $1956519 | $27020164 | $9098771 | $276670460 | $58519727 |
| &nbsp;&nbsp;&nbsp;Total assets | $1956519 | $27020164 | $9098771 | $276670460 | $58519727 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $1954471 | $26691246 | $9015625 | $273375600 | $58225704 |
| Contracts in payout (annuitization) period | 2048 | 328918 | 83146 | 3294860 | 294023 |
| &nbsp;&nbsp;&nbsp;Total net assets | $1956519 | $27020164 | $9098771 | $276670460 | $58519727 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 111865 | 2588138 | 880810 | 10416810 | 2918690 |
| Cost of investments | $1573051 | $25010192 | $8402661 | $243417289 | $54913399 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $38.20 | $16.63 | $17.75 | $24.27 | $23.06 |
| Highest | $51.52 | $94.82 | $27.32 | $125.62 | $137.34 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class II** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $6459 | $— | $— | $— | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (26479) | (362957) | (152098) | (3597923) | (946073) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (3456) | (22443) | (11570) | (241407) | (72716) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (23476) | (385400) | (163668) | (3839330) | (1018789) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 378861 | 8644484 | 1819371 | 48948062 | 9288622 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 353516 | 8711467 | 1777162 | 47418854 | 9227565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 25345 | (66983) | 42209 | 1529208 | 61057 |
| Realized gain distributions | 61217 | 931753 | 320223 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 86562 | 864770 | 362432 | 1529208 | 61057 |
| Change in unrealized gains (losses) | 428904 | 3529060 | 1094087 | 79647223 | 16810439 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 515466 | 4393830 | 1456519 | 81176431 | 16871496 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $491990 | $4008430 | $1292851 | $77337101 | $15852707 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** |
| **ASSETS** | | | | | |
| Investments, at fair value | $1346 | $54674 | $256448 | $204285 | $436 |
| &nbsp;&nbsp;&nbsp;Total assets | $1346 | $54674 | $256448 | $204285 | $436 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $1346 | $54674 | $255280 | $204285 | $436 |
| Contracts in payout (annuitization) period |  |  | 1168 |  |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $1346 | $54674 | $256448 | $204285 | $436 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 46 | 1279 | 39945 | 17888 | 43 |
| Cost of investments | $1350 | $35386 | $366233 | $221023 | $453 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $33.83 | $21.53 | $6.52 | $15.94 | $19.66 |
| Highest | $71.34 | $22.17 | $8.45 | $20.66 | $19.66 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $— | $8113 | $16384 | $15 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (20) | (758) | (4496) | (3390) | (7) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (1) | (51) | (574) | (455) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (21) | (809) | 3043 | 12539 | 8 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 21 | 816 | 165248 | 126388 | 418 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 20 | 532 | 245908 | 142066 | 440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 1 | 284 | (80660) | (15678) | (22) |
| Realized gain distributions | 176 | 3085 |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 177 | 3369 | (80660) | (15678) | (22) |
| Change in unrealized gains (losses) | (107) | 3276 | 119958 | 32033 | 20 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 70 | 6645 | 39298 | 16355 | (2) |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $49 | $5836 | $42341 | $28894 | $6 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** |
| **ASSETS** | | | | | |
| Investments, at fair value | $1349971 | $3744015 | $410 | $42143173 | $7798834 |
| &nbsp;&nbsp;&nbsp;Total assets | $1349971 | $3744015 | $410 | $42143173 | $7798834 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $1349971 | $3660413 | $410 | $41894880 | $7793304 |
| Contracts in payout (annuitization) period |  | 83602 |  | 248293 | 5530 |
| &nbsp;&nbsp;&nbsp;Total net assets | $1349971 | $3744015 | $410 | $42143173 | $7798834 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 112404 | 396192 | 43 | 1785728 | 1655803 |
| Cost of investments | $1407822 | $4126094 | $461 | $29323178 | $9866260 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $11.99 | $12.65 | $18.37 | $30.54 | $15.77 |
| Highest | $15.55 | $16.39 | $18.37 | $84.92 | $25.21 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $53069 | $151866 | $16 | $174112 | $493719 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (24283) | (55722) | (6) | (564815) | (112381) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (3121) | (7222) |  | (7039) | (48) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 25665 | 88922 | 10 | (397742) | 381290 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 1508118 | 795479 | 7 | 6878245 | 1312471 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 1558303 | 902727 | 7 | 5240532 | 1706425 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (50185) | (107248) |  | 1637713 | (393954) |
| Realized gain distributions |  |  |  | 3649013 |  |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | (50185) | (107248) |  | 5286726 | (393954) |
| Change in unrealized gains (losses) | 122827 | 276376 | 18 | 857729 | 563206 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 72642 | 169128 | 18 | 6144455 | 169252 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $98307 | $258050 | $28 | $5746713 | $550542 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** |
| **ASSETS** | | | | | |
| Investments, at fair value | $5810174 | $13697097 | $33192972 | $11656532 | $14493758 |
| &nbsp;&nbsp;&nbsp;Total assets | $5810174 | $13697097 | $33192972 | $11656532 | $14493758 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $5809781 | $13634036 | $32940999 | $11655945 | $14429747 |
| Contracts in payout (annuitization) period | 393 | 63061 | 251973 | 587 | 64011 |
| &nbsp;&nbsp;&nbsp;Total net assets | $5810174 | $13697097 | $33192972 | $11656532 | $14493758 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 226960 | 717877 | 1953677 | 586345 | 862210 |
| Cost of investments | $3861968 | $11112383 | $22358300 | $9555671 | $12500637 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $10.61 | $14.04 | $26.08 | $25.82 | $37.32 |
| Highest | $25.59 | $36.02 | $38.50 | $44.11 | $63.24 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $37817 | $422095 | $502019 | $257619 | $— |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (75436) | (177110) | (489535) | (169361) | (196955) |
| &nbsp;&nbsp;&nbsp;Administrative expense |  | (810) | (19541) | (5941) | (3286) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (37619) | 244175 | (7057) | 82317 | (200241) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 1145477 | 2155986 | 8932204 | 2325779 | 2889455 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 900806 | 2026124 | 6571282 | 2021328 | 2666033 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 244671 | 129862 | 2360922 | 304451 | 223422 |
| Realized gain distributions |  |  | 1304373 | 1389562 | 1010301 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 244671 | 129862 | 3665295 | 1694013 | 1233723 |
| Change in unrealized gains (losses) | 1311785 | 3414020 | 296555 | (381184) | 775743 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 1556456 | 3543882 | 3961850 | 1312829 | 2009466 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $1518837 | $3788057 | $3954793 | $1395146 | $1809225 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Value Fund - Class IB** |
| **ASSETS** | | | | | |
| Investments, at fair value | $28345490 | $9531269 | $21305765 | $38182581 | $6287575 |
| &nbsp;&nbsp;&nbsp;Total assets | $28345490 | $9531269 | $21305765 | $38182581 | $6287575 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $28173702 | $9470965 | $21055046 | $37758551 | $6275793 |
| Contracts in payout (annuitization) period | 171788 | 60304 | 250719 | 424030 | 11782 |
| &nbsp;&nbsp;&nbsp;Total net assets | $28345490 | $9531269 | $21305765 | $38182581 | $6287575 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 28345490 | 1660500 | 2601437 | 1927440 | 396442 |
| Cost of investments | $28345490 | $10105238 | $26745664 | $28066799 | $4519230 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $7.37 | $21.69 | $12.28 | $15.92 | $19.92 |
| Highest | $12.54 | $35.25 | $22.72 | $37.11 | $32.82 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Value Fund - Class IB** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $1080751 | $641266 | $1081361 | $4179 | $80512 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (421367) | (140518) | (312989) | (539865) | (86681) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (49778) | (8872) | (19389) | (27649) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | 609606 | 491876 | 748983 | (563335) | (6169) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 9527172 | 2158419 | 3963117 | 7891958 | 1292416 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 9527172 | 2372062 | 5110225 | 6550241 | 1056784 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares |  | (213643) | (1147108) | 1341717 | 235632 |
| Realized gain distributions |  |  |  | 2300339 | 56451 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) |  | (213643) | (1147108) | 3642056 | 292083 |
| Change in unrealized gains (losses) |  | 390891 | 1610555 | 7989487 | 1440619 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments |  | 177248 | 463447 | 11631543 | 1732702 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $609606 | $669124 | $1212430 | $11068208 | $1726533 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** |
| **ASSETS** | | | | | |
| Investments, at fair value | $110823040 | $138657025 | $4359475 | $20152229 | $2937647 |
| &nbsp;&nbsp;&nbsp;Total assets | $110823040 | $138657025 | $4359475 | $20152229 | $2937647 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $110158754 | $137608442 | $4229115 | $19996149 | $2937647 |
| Contracts in payout (annuitization) period | 664286 | 1048583 | 130360 | 156080 |  |
| &nbsp;&nbsp;&nbsp;Total net assets | $110823040 | $138657025 | $4359475 | $20152229 | $2937647 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 6303927 | 3885039 | 703141 | 425512 | 136318 |
| Cost of investments | $64945520 | $91565018 | $5971950 | $8963110 | $2332910 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $28.26 | $23.91 | $9.05 | $37.74 | $50.12 |
| Highest | $96.42 | $88.77 | $21.05 | $84.86 | $75.86 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $— | $1925504 | $410745 | $112210 | $11026 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (1567120) | (1880513) | (67321) | (269230) | (41021) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (47266) | (53016) |  | (2697) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (1614386) | (8025) | 343424 | (159717) | (29995) |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 18594201 | 21780794 | 1224130 | 2811024 | 385901 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 11531669 | 15562901 | 1734675 | 1371313 | 313470 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | 7062532 | 6217893 | (510545) | 1439711 | 72431 |
| Realized gain distributions | 10328853 | 9210656 |  | 1200869 | 191517 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 17391385 | 15428549 | (510545) | 2640580 | 263948 |
| Change in unrealized gains (losses) | (2776646) | 7548405 | 517059 | 414044 | (27273) |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 14614739 | 22976954 | 6514 | 3054624 | 236675 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $13000353 | $22968929 | $349938 | $2894907 | $206680 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** |
| **ASSETS** | | | | | |
| Investments, at fair value | $18994761 | $3782777 | $68936348 | $3951980 | $17988578 |
| &nbsp;&nbsp;&nbsp;Total assets | $18994761 | $3782777 | $68936348 | $3951980 | $17988578 |
| **NET ASSETS** |  |  |  |  |  |
| Accumulation units | $18965132 | $3782083 | $68643505 | $3947144 | $17921659 |
| Contracts in payout (annuitization) period | 29629 | 694 | 292843 | 4836 | 66919 |
| &nbsp;&nbsp;&nbsp;Total net assets | $18994761 | $3782777 | $68936348 | $3951980 | $17988578 |
| **FUND SHARE INFORMATION** |  |  |  |  |  |
| Number of shares | 1757147 | 257157 | 1488906 | 327151 | 1109037 |
| Cost of investments | $20378775 | $3985959 | $47467016 | $2978135 | $15477483 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |  |  |  |
| Lowest | $33.78 | $45.05 | $23.37 | $35.70 | $17.06 |
| Highest | $81.02 | $66.96 | $92.71 | $59.99 | $31.49 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |  |  |  |
| Dividends | $132988 | $4053 | $452919 | $20013 | $409438 |
| Charges from Everlake Life |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (286388) | (56337) | (939086) | (54192) | (257261) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (6601) |  | (9577) | (6986) | (28601) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (160001) | (52284) | (495744) | (41165) | 123576 |
| **NET REALIZED AND UNREALIZED** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |  |  |  |
| Realized gains (losses) on fund shares: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 2986276 | 887160 | 9765162 | 1029941 | 3964519 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 3306041 | 971729 | 7056687 | 933836 | 3680172 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (319765) | (84569) | 2708475 | 96105 | 284347 |
| Realized gain distributions | 1819837 | 597529 | 7967966 | 62457 | 1143239 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | 1500072 | 512960 | 10676441 | 158562 | 1427586 |
| Change in unrealized gains (losses) | (678686) | (454846) | (4374928) | 1230003 | 2629975 |
| Net realized and change in |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 821386 | 58114 | 6301513 | 1388565 | 4057561 |
| **INCREASE (DECREASE) IN** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $661385 | $5830 | $5805769 | $1347400 | $4181137 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF NET ASSETS**

**As of December 31, 2025**

---

| | | |
|:---|:---|:---|
| | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** |
| **ASSETS** | | |
| Investments, at fair value | $290884 | $183436 |
| &nbsp;&nbsp;&nbsp;Total assets | $290884 | $183436 |
| **NET ASSETS** |  |  |
| Accumulation units | $206906 | $183313 |
| Contracts in payout (annuitization) period | 83978 | 123 |
| &nbsp;&nbsp;&nbsp;Total net assets | $290884 | $183436 |
| **FUND SHARE INFORMATION** |  |  |
| Number of shares | 22087 | 12964 |
| Cost of investments | $333418 | $154541 |
| **UNIT VALUE** <sup>(1)</sup> |  |  |
| Lowest | $15.67 | $22.55 |
| Highest | $28.95 | $36.66 |
| **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** | **STATEMENTS OF OPERATIONS** |
| **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** | **For the Year Ended December 31, 2025** |
|  | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** |
| **NET INVESTMENT INCOME (LOSS)** |  |  |
| Dividends | $— | $2071 |
| Charges from Everlake Life |  |  |
| &nbsp;&nbsp;&nbsp;Insurance Company: |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | (5380) | (2997) |
| &nbsp;&nbsp;&nbsp;Administrative expense | (554) | (224) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | (5934) | (1150) |
| **NET REALIZED AND UNREALIZED** |  |  |
| &nbsp;&nbsp;&nbsp;**GAINS (LOSSES) ON INVESTMENTS** |  |  |
| Realized gains (losses) on fund shares: |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sales | 215181 | 160320 |
| &nbsp;&nbsp;&nbsp;Cost of investments sold | 257931 | 145037 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on fund shares | (42750) | 15283 |
| Realized gain distributions |  | 17781 |
| &nbsp;&nbsp;&nbsp;Net realized gains (losses) | (42750) | 33064 |
| Change in unrealized gains (losses) | 104579 | 14376 |
| Net realized and change in |  |  |
| &nbsp;&nbsp;&nbsp;unrealized gains (losses) on investments | 61829 | 47440 |
| **INCREASE (DECREASE) IN** |  |  |
| &nbsp;&nbsp;&nbsp;**NET ASSETS FROM OPERATIONS** | $55895 | $46290 |

---

<sup>(1)</sup> The high and low unit value ("UV") are reported at the same amount where there is only one contract offered for investment in the Sub-Account. Otherwise, when more than one contract is available for investment, a high and low UV is reported.

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **AST Aggressive Asset Allocation Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(51053) | $13498 | $(482936) | $(243074) | $(32499) |
| Net realized gains (losses) | 482421 | 205043 | 4930949 | 3177199 | 107846 |
| Change in unrealized gains (losses) | (410936) | 839285 | (1435335) | (549957) | 160653 |
| Increase (decrease) in net assets from operations | 20432 | 1057826 | 3012678 | 2384168 | 236000 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  | 144 |  |  |
| Transfers for contract benefits and terminations | (625838) | (562348) | (5156617) | (2928670) | (121165) |
| Contract maintenance charge | (12264) | (5961) | (21185) | (15147) | (6154) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (90727) | (391381) | (771429) | (279056) | (81134) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (728829) | (959690) | (5949087) | (3222873) | (208453) |
| **INCREASE (DECREASE) IN NET ASSETS** | (708397) | 98136 | (2936409) | (838705) | 27547 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 4858662 | 3130688 | 30778124 | 30366920 | 1962197 |
| **NET ASSETS AT END OF PERIOD** | $4150265 | $3228824 | $27841715 | $29528215 | $1989744 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 92068 | 277076 | 705191 | 822643 | 86822 |
| &nbsp;&nbsp;&nbsp;Units issued | 2297 | 4882 | 28048 | 30752 | 6795 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (16364) | (77257) | (154121) | (113645) | (16484) |
| Units outstanding at end of period | 78001 | 204701 | 579118 | 739750 | 77133 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Balanced Asset Allocation Portfolio** | **AST Bond Portfolio 2025** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2030** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(92596) | $(2858) | $(1729) | $(802) | $(375) |
| Net realized gains (losses) | 671878 | 10117 | 17734 | 53 | 518 |
| Change in unrealized gains (losses) | 199303 | (2893) | (11654) | 3072 | 1424 |
| Increase (decrease) in net assets from operations | 778585 | 4366 | 4351 | 2323 | 1567 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (2012994) | (95604) | (92053) |  |  |
| Contract maintenance charge | (20959) | (63) | (93) | (35) | (35) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (152852) | (165598) | 180909 | 1 | (191) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (2186805) | (261265) | 88763 | (34) | (226) |
| **INCREASE (DECREASE) IN NET ASSETS** | (1408220) | (256899) | 93114 | 2289 | 1341 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 6895512 | 256899 | 169736 | 52607 | 16132 |
| **NET ASSETS AT END OF PERIOD** | $5487292 | $— | $262850 | $54896 | $17473 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 322002 | 21378 | 16243 | 5223 | 1594 |
| &nbsp;&nbsp;&nbsp;Units issued | 8685 | 34327 | 43813 |  | 2858 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (101673) | (55705) | (34833) | (4) | (2830) |
| Units outstanding at end of period | 229014 |  | 25223 | 5219 | 1622 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2032** | **AST Bond Portfolio 2034** | **AST Bond Portfolio 2035** | **AST Bond Portfolio 2036** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(2205) | $(349) | $(34) | $(1432) | $(36) |
| Net realized gains (losses) | (168) | (40) | 129 | (9559) | 28 |
| Change in unrealized gains (losses) | 12096 | 1996 |  |  | 17 |
| Increase (decrease) in net assets from operations | 9723 | 1607 | 95 | (10991) | 9 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations |  |  |  | (13625) |  |
| Contract maintenance charge |  | (35) |  |  |  |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (1) | (1) | (95) | 24616 | 23362 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (1) | (36) | (95) | 10991 | 23362 |
| **INCREASE (DECREASE) IN NET ASSETS** | 9722 | 1571 |  |  | 23371 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 142388 | 22565 |  |  |  |
| **NET ASSETS AT END OF PERIOD** | $152110 | $24136 | $— | $— | $23371 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 16586 | 3032 |  |  |  |
| &nbsp;&nbsp;&nbsp;Units issued | (1) |  | 1237 | 76108 | 2617 |
| &nbsp;&nbsp;&nbsp;Units redeemed |  | (4) | (1237) | (76108) | (413) |
| Units outstanding at end of period | 16585 | 3028 |  |  | 2204 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Cohen & Steers Realty Portfolio** | **AST Core Fixed Income Portfolio** | **AST Emerging Markets Equity Portfolio** | **AST Global Bond Portfolio** | **AST Government Money Market Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(1) | $(1883) | $(1) | $(10) | $7116 |
| Net realized gains (losses) | 674 | 213 | 18 | (266) |  |
| Change in unrealized gains (losses) | (655) | 10625 | (62) | 300 |  |
| Increase (decrease) in net assets from operations | 18 | 8955 | (45) | 24 | 7116 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (86) | (3386) |  |  | (2056046) |
| Contract maintenance charge | (2) | (43) |  |  | (4) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (1245) | 40281 | (3056) | (6119) | 2039590 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (1333) | 36852 | (3056) | (6119) | (16460) |
| **INCREASE (DECREASE) IN NET ASSETS** | (1315) | 45807 | (3101) | (6095) | (9344) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 1315 | 119207 | 3101 | 6095 | 206724 |
| **NET ASSETS AT END OF PERIOD** | $— | $165014 | $— | $— | $197380 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 56 | 8960 | 357 | 681 | 24036 |
| &nbsp;&nbsp;&nbsp;Units issued |  | 2993 |  |  | 226380 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (56) | (241) | (357) | (681) | (227733) |
| Units outstanding at end of period |  | 11712 |  |  | 22683 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST High Yield Portfolio** | **AST International Equity Portfolio** | **AST Investment Grade Bond Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(39) | $(3023) | $(30295) | $(22680) | $(1274) |
| Net realized gains (losses) | 13821 | 1154 | 51717 | 69765 | 1687 |
| Change in unrealized gains (losses) | (13321) | 49921 | 116736 | 72697 | 9965 |
| Increase (decrease) in net assets from operations | 461 | 48052 | 138158 | 119782 | 10378 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (67) | (303) | (293163) | (194214) | (2131) |
| Contract maintenance charge | (5) | (37) | (22761) | (7115) | (91) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (34059) | 3054 | 3903 | 4068 | (394) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (34131) | 2714 | (312021) | (197261) | (2616) |
| **INCREASE (DECREASE) IN NET ASSETS** | (33670) | 50766 | (173863) | (77479) | 7762 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 33670 | 153831 | 2066804 | 1492856 | 97907 |
| **NET ASSETS AT END OF PERIOD** | $— | $204597 | $1892941 | $1415377 | $105669 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 1678 | 10076 | 118853 | 95645 | 4687 |
| &nbsp;&nbsp;&nbsp;Units issued | 5 | 201 | 12225 | 1672 | 150 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (1683) | (22) | (29474) | (14149) | (292) |
| Units outstanding at end of period |  | 10255 | 101604 | 83168 | 4545 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Value Portfolio** | **AST MFS Global Equity Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(571) | $(4050) | $(3036) | $(13) | $(13926) |
| Net realized gains (losses) | 481 | 3153 | 660 | 13425 | 37568 |
| Change in unrealized gains (losses) | 6502 | 41378 | 29112 | (12816) | 64276 |
| Increase (decrease) in net assets from operations | 6412 | 40481 | 26736 | 596 | 87918 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (2218) | 32268 | (1304) | (74) | (101704) |
| Contract maintenance charge | (14) | (40) | (36) | (1) | (3776) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 21656 | 588 |  | (20396) | 5323 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | 19424 | 32816 | (1340) | (20471) | (100157) |
| **INCREASE (DECREASE) IN NET ASSETS** | 25836 | 73297 | 25396 | (19875) | (12239) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 32884 | 232551 | 188230 | 19875 | 814089 |
| **NET ASSETS AT END OF PERIOD** | $58720 | $305848 | $213626 | $— | $801850 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 1782 | 3719 | 7820 | 727 | 59404 |
| &nbsp;&nbsp;&nbsp;Units issued | 1419 | 550 |  |  | 1920 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (160) | (77) | (49) | (727) | (8651) |
| Units outstanding at end of period | 3041 | 4192 | 7771 |  | 52673 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Multi-Asset Diversified Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Small-Cap Equity Portfolio** | **BNY Mellon Stock Index Fund, Inc.** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(13988) | $(60656) | $(38935) | $(581) | $(1449) |
| Net realized gains (losses) | 201394 | 1237672 | 130308 | 119 | 25869 |
| Change in unrealized gains (losses) | (70850) | (724764) | 139289 | 3623 | 33040 |
| Increase (decrease) in net assets from operations | 116556 | 452252 | 230662 | 3161 | 57460 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (386011) | (809505) | (315886) | (750) | (5172) |
| Contract maintenance charge | (3469) | (21802) | (10016) | (22) | (122) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (3886) | (2345529) | 489191 |  | (1) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (393366) | (3176836) | 163289 | (772) | (5295) |
| **INCREASE (DECREASE) IN NET ASSETS** | (276810) | (2724584) | 393951 | 2389 | 52165 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 1064387 | 5868653 | 2473581 | 52032 | 362151 |
| **NET ASSETS AT END OF PERIOD** | $787577 | $3144069 | $2867532 | $54421 | $414316 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 48382 | 314090 | 146711 | 1369 | 6566 |
| &nbsp;&nbsp;&nbsp;Units issued | 220 | 11888 | 25016 |  |  |
| &nbsp;&nbsp;&nbsp;Units redeemed | (17604) | (176825) | (19604) | (21) | (71) |
| Units outstanding at end of period | 30998 | 149153 | 152123 | 1348 | 6495 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **DWS Capital Growth VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS CROCI® International VIP - Class A** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $5691 | $(534) | $(8128) | $552 | $2897 |
| Net realized gains (losses) |  | 5231 | 249239 | 86221 | 123 |
| Change in unrealized gains (losses) |  | 2912 | (105727) | 7252 | 48096 |
| Increase (decrease) in net assets from operations | 5691 | 7609 | 135384 | 94025 | 51116 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (340807) | (3208) | (223078) | (33581) |  |
| Contract maintenance charge | (92) | (17) |  |  |  |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 300449 | (274) | (37733) | (5399) | (10633) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (40450) | (3499) | (260811) | (38980) | (10633) |
| **INCREASE (DECREASE) IN NET ASSETS** | (34759) | 4110 | (125427) | 55045 | 40483 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 231696 | 53012 | 1352089 | 643365 | 120596 |
| **NET ASSETS AT END OF PERIOD** | $196937 | $57122 | $1226662 | $698410 | $161079 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 22304 | 1113 | 17870 | 11838 | 7645 |
| &nbsp;&nbsp;&nbsp;Units issued | 30886 |  | 1342 | 2178 | 290 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (34449) | (80) | (4704) | (2937) | (850) |
| Units outstanding at end of period | 18741 | 1033 | 14508 | 11079 | 7085 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **DWS Global Income Builder VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **Federated Hermes Government Money Fund II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $14367 | $2003 | $5959 | $(1801) | $29815 |
| Net realized gains (losses) | 43319 | 17011 |  | 16386 |  |
| Change in unrealized gains (losses) | (11855) | 56533 |  | 3906 |  |
| Increase (decrease) in net assets from operations | 45831 | 75547 | 5959 | 18491 | 29815 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  | 60 |
| Transfers for contract benefits and terminations | (90416) | (25781) | (43786) | (13838) | (253707) |
| Contract maintenance charge |  |  |  |  | (1223) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (116968) | (10120) | (244531) | 5008 | 6840 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (207384) | (35901) | (288317) | (8830) | (248030) |
| **INCREASE (DECREASE) IN NET ASSETS** | (161553) | 39646 | (282358) | 9661 | (218215) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 442387 | 413437 | 458402 | 254464 | 1374255 |
| **NET ASSETS AT END OF PERIOD** | $280834 | $453083 | $176044 | $264125 | $1156040 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 17565 | 8172 | 41354 | 7926 | 118762 |
| &nbsp;&nbsp;&nbsp;Units issued | 3441 | 609 | 8770 | 193 | 1583 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (11314) | (1298) | (34747) | (450) | (21964) |
| Units outstanding at end of period | 9692 | 7483 | 15377 | 7669 | 98381 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(43882) | $(388391) | $1505 | $(885) | $21857 |
| Net realized gains (losses) | 970278 | 5632211 | 22917 | 50468 | 23619 |
| Change in unrealized gains (losses) | (247586) | (1031122) | 36951 | 17614 | 104338 |
| Increase (decrease) in net assets from operations | 678810 | 4212698 | 61373 | 67197 | 149814 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 6237 | 180 |  |  |
| Transfers for contract benefits and terminations | (893113) | (3278292) | (256) | (26418) | (147991) |
| Contract maintenance charge | (1818) | (57539) | (58) | (88) | (4113) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 47376 | (605947) | (113) | (98647) | 8506 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (847555) | (3935541) | (247) | (125153) | (143598) |
| **INCREASE (DECREASE) IN NET ASSETS** | (168745) | 277157 | 61126 | (57956) | 6216 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 3984974 | 24247356 | 354826 | 436325 | 1877596 |
| **NET ASSETS AT END OF PERIOD** | $3816229 | $24524513 | $415952 | $378369 | $1883812 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 50233 | 465882 | 8530 | 13124 | 109575 |
| &nbsp;&nbsp;&nbsp;Units issued | 1144 | 15752 | 5 | 62 | 1654 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (12033) | (86652) | (12) | (3509) | (9539) |
| Units outstanding at end of period | 39344 | 394982 | 8523 | 9677 | 101690 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $10081 | $2417 | $1877 | $1469404 | $1494948 |
| Net realized gains (losses) | 83882 | 31154 | 7436 |  |  |
| Change in unrealized gains (losses) | 54291 | 43868 | 6708 |  |  |
| Increase (decrease) in net assets from operations | 148254 | 77439 | 16021 | 1469404 | 1494948 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  | 2592 | 3780 |
| Transfers for contract benefits and terminations | (56427) | (53504) | (266662) | (11020636) | (10016870) |
| Contract maintenance charge | (5472) | (1663) | (634) | (18767) | (75153) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (107452) | (603) | 6233 | 3223735 | 793537 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (169351) | (55770) | (261063) | (7813076) | (9294706) |
| **INCREASE (DECREASE) IN NET ASSETS** | (21097) | 21669 | (245042) | (6343672) | (7799758) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 1392726 | 633066 | 377899 | 58947475 | 74853280 |
| **NET ASSETS AT END OF PERIOD** | $1371629 | $654735 | $132857 | $52603803 | $67053522 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 70240 | 28407 | 26955 | 5675628 | 7787198 |
| &nbsp;&nbsp;&nbsp;Units issued | 222 | 2 | 1136 | 577118 | 1228221 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (7986) | (2432) | (19646) | (1324041) | (2166623) |
| Units outstanding at end of period | 62476 | 25977 | 8445 | 4928705 | 6848796 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Initial Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(14391) | $(37606) | $(37958) | $(2308) | $5424 |
| Net realized gains (losses) | 574981 | 136903 | 552512 | 31408 | (2360) |
| Change in unrealized gains (losses) | 2603 | 360473 | (66434) | (18269) | 7477 |
| Increase (decrease) in net assets from operations | 563193 | 459770 | 448120 | 10831 | 10541 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  | 10072 |  |  |
| Transfers for contract benefits and terminations | (462018) | (194887) | (296181) | (60042) | (30625) |
| Contract maintenance charge | (8322) | (4446) | (1672) | (12) | (110) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 2512 | 54415 | (269) | 133 | (355) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (467828) | (144918) | (288050) | (59921) | (31090) |
| **INCREASE (DECREASE) IN NET ASSETS** | 95365 | 314852 | 160070 | (49090) | (20549) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 3191021 | 2438656 | 3525055 | 183561 | 132322 |
| **NET ASSETS AT END OF PERIOD** | $3286386 | $2753508 | $3685125 | $134471 | $111773 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 74527 | 30191 | 56053 | 3294 | 6469 |
| &nbsp;&nbsp;&nbsp;Units issued | 4897 | 1171 | 777 |  | 126 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (15159) | (2939) | (4875) | (1182) | (1658) |
| Units outstanding at end of period | 64265 | 28423 | 51955 | 2112 | 4937 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $44162 | $(6875) | $(30282) | $8458 | $7 |
| Net realized gains (losses) | (12989) | 299025 | 343451 | (3403) | (68) |
| Change in unrealized gains (losses) | 42245 | 180211 | 284184 | 16752 | 78 |
| Increase (decrease) in net assets from operations | 73418 | 472361 | 597353 | 21807 | 17 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 12432 |  | 150 |  |
| Transfers for contract benefits and terminations | (108587) | (328428) | (445991) | (26544) | (402) |
| Contract maintenance charge | (1369) | (1164) | (7706) | (188) | (2) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 47562 | 2196 | 147133 | 1382 |  |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (62394) | (314964) | (306564) | (25200) | (404) |
| **INCREASE (DECREASE) IN NET ASSETS** | 11024 | 157397 | 290789 | (3393) | (387) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 911903 | 3036357 | 3974799 | 373153 | 752 |
| **NET ASSETS AT END OF PERIOD** | $922927 | $3193754 | $4265588 | $369760 | $365 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 46244 | 63796 | 89207 | 18054 | 49 |
| &nbsp;&nbsp;&nbsp;Units issued | 3298 | 1403 | 3999 | 255 |  |
| &nbsp;&nbsp;&nbsp;Units redeemed | (6119) | (7430) | (10346) | (1430) | (26) |
| Units outstanding at end of period | 43423 | 57769 | 82860 | 16879 | 23 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(72895) | $929 | $— | $(15069) | $61458 |
| Net realized gains (losses) | 630913 | 45542 | 61 | 25302 | 750980 |
| Change in unrealized gains (losses) | (87109) | 18450 | (58) | 127193 | 800840 |
| Increase (decrease) in net assets from operations | 470909 | 64921 | 3 | 137426 | 1613278 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 3800 |  |  | 325 |
| Transfers for contract benefits and terminations | (656117) | (30698) | (260) | (71165) | (968461) |
| Contract maintenance charge | (12592) | (186) | (1) | (2475) | (30284) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 144905 | (4517) | (1) | (137223) | (198427) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (523804) | (31601) | (262) | (210863) | (1196847) |
| **INCREASE (DECREASE) IN NET ASSETS** | (52895) | 33320 | (259) | (73437) | 416431 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 5402238 | 347466 | 259 | 943151 | 11375637 |
| **NET ASSETS AT END OF PERIOD** | $5349343 | $380786 | $— | $869714 | $11792068 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 149167 | 16395 | 9 | 19412 | 245364 |
| &nbsp;&nbsp;&nbsp;Units issued | 8847 | 238 |  | 1981 | 6537 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (23738) | (1497) | (9) | (6004) | (30887) |
| Units outstanding at end of period | 134276 | 15136 |  | 15389 | 221014 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Franklin Income VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $1245073 | $(134141) | $7724 | $75850 | $(58356) |
| Net realized gains (losses) | 115449 | 1782345 | 470588 | 2144393 | 715973 |
| Change in unrealized gains (losses) | 2263191 | (1177488) | 352939 | (204309) | (114543) |
| Increase (decrease) in net assets from operations | 3623713 | 470716 | 831251 | 2015934 | 543074 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 5804 |  | 9975 | 7505 |
| Transfers for contract benefits and terminations | (6631480) | (1703364) | (495031) | (2571097) | (2013078) |
| Contract maintenance charge | (39920) | (11782) | (10257) | (35741) | (20383) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 338933 | 211114 | (169328) | (426965) | (83304) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (6332467) | (1498228) | (674616) | (3023828) | (2109260) |
| **INCREASE (DECREASE) IN NET ASSETS** | (2708754) | (1027512) | 156635 | (1007894) | (1566186) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 38378702 | 9358058 | 4197589 | 22648664 | 12444094 |
| **NET ASSETS AT END OF PERIOD** | $35669948 | $8330546 | $4354224 | $21640770 | $10877908 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 1531050 | 203727 | 167631 | 759448 | 237557 |
| &nbsp;&nbsp;&nbsp;Units issued | 67296 | 16617 | 6843 | 27929 | 7114 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (312914) | (48616) | (30359) | (124924) | (52661) |
| Units outstanding at end of period | 1285432 | 171728 | 144115 | 662453 | 192010 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(12864) | $46575 | $(7965) | $(4328) | $(19910) |
| Net realized gains (losses) | 41845 | (96198) | 111928 | 137106 | 197743 |
| Change in unrealized gains (losses) | (19271) | 207441 | (18183) | (46941) | 80205 |
| Increase (decrease) in net assets from operations | 9710 | 157818 | 85780 | 85837 | 258038 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (32368) | (773388) | (158935) | (209906) | (483026) |
| Contract maintenance charge | (2538) | (12879) | (1198) | (2295) | (2433) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 15642 | 498308 | (36787) | (828) | 57290 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (19264) | (287959) | (196920) | (213029) | (428169) |
| **INCREASE (DECREASE) IN NET ASSETS** | (9554) | (130141) | (111140) | (127192) | (170131) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 801606 | 3306379 | 1107972 | 1295933 | 2159502 |
| **NET ASSETS AT END OF PERIOD** | $792052 | $3176238 | $996832 | $1168741 | $1989371 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 12758 | 302014 | 38443 | 33981 | 65119 |
| &nbsp;&nbsp;&nbsp;Units issued | 486 | 56673 | 2094 | 41 | 4696 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (724) | (80820) | (8724) | (5769) | (17619) |
| Units outstanding at end of period | 12520 | 277867 | 31813 | 28253 | 52196 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Value Fund - Series I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(135) | $(16636) | $(1205967) | $(312758) | $(378730) |
| Net realized gains (losses) | 1468 | 314725 | 12394020 | 2768916 | 5673089 |
| Change in unrealized gains (losses) | 12 | (93695) | (3300144) | (821361) | 388209 |
| Increase (decrease) in net assets from operations | 1345 | 204394 | 7887909 | 1634797 | 5682568 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  | 15325 | 150 | 2593 |
| Transfers for contract benefits and terminations |  | (404987) | (9355863) | (1937907) | (3163159) |
| Contract maintenance charge | (16) | (2286) | (24166) | (19960) | (14098) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net |  | (33413) | (1138409) | (63529) | (551739) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (16) | (440686) | (10503113) | (2021246) | (3726403) |
| **INCREASE (DECREASE) IN NET ASSETS** | 1329 | (236292) | (2615204) | (386449) | 1956165 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 8363 | 1777849 | 85053162 | 17991178 | 32328980 |
| **NET ASSETS AT END OF PERIOD** | $9692 | $1541557 | $82437958 | $17604729 | $34285145 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 134 | 38374 | 1756577 | 383978 | 952998 |
| &nbsp;&nbsp;&nbsp;Units issued |  | 2089 | 41021 | 9832 | 18326 |
| &nbsp;&nbsp;&nbsp;Units redeemed |  | (11326) | (251673) | (49297) | (124848) |
| Units outstanding at end of period | 134 | 29137 | 1545925 | 344513 | 846476 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(181619) | $30154 | $(155669) | $(400550) | $(10224) |
| Net realized gains (losses) | 2260833 | 2815729 | 7205462 | 5253225 | 62213 |
| Change in unrealized gains (losses) | 41538 | (211338) | (408701) | 2191336 | 38661 |
| Increase (decrease) in net assets from operations | 2120752 | 2634545 | 6641092 | 7044011 | 90650 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 1295 | 120 | 1764 | 393 |  |
| Transfers for contract benefits and terminations | (1395433) | (2987799) | (6093222) | (5996640) | (32040) |
| Contract maintenance charge | (28653) | (4684) | (54494) | (16619) | (851) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (295723) | (123018) | (1035419) | (210831) | (2136) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (1718514) | (3115381) | (7181371) | (6223697) | (35027) |
| **INCREASE (DECREASE) IN NET ASSETS** | 402238 | (480836) | (540279) | 820314 | 55623 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 12324382 | 18780480 | 48022073 | 51953992 | 695252 |
| **NET ASSETS AT END OF PERIOD** | $12726620 | $18299644 | $47481794 | $52774306 | $750875 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 222316 | 419214 | 1145787 | 1196468 | 21862 |
| &nbsp;&nbsp;&nbsp;Units issued | 7637 | 26765 | 17156 | 33989 | 95 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (35761) | (93361) | (180182) | (164139) | (1188) |
| Units outstanding at end of period | 194192 | 352618 | 982761 | 1066318 | 20769 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $97312 | $101800 | $(50336) | $(209536) | $(69801) |
| Net realized gains (losses) | (100460) | (5531) | 542542 | 2262093 | 458178 |
| Change in unrealized gains (losses) | 198735 | 104318 | (94241) | (703211) | (239055) |
| Increase (decrease) in net assets from operations | 195587 | 200587 | 397965 | 1349346 | 149322 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 750 | 2590 | 5040 | 1315 | 180 |
| Transfers for contract benefits and terminations | (417988) | (716382) | (220606) | (1523961) | (425195) |
| Contract maintenance charge | (998) | (9443) | (1268) | (26383) | (1161) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 140010 | 348720 | 4439 | (204072) | (128812) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (278226) | (374515) | (212395) | (1753101) | (554988) |
| **INCREASE (DECREASE) IN NET ASSETS** | (82639) | (173928) | 185570 | (403755) | (405666) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 3535371 | 4096104 | 3835852 | 13252691 | 5273667 |
| **NET ASSETS AT END OF PERIOD** | $3452732 | $3922176 | $4021422 | $12848936 | $4868001 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 226072 | 410873 | 75685 | 229594 | 319888 |
| &nbsp;&nbsp;&nbsp;Units issued | 38369 | 51264 | 1073 | 10033 | 12391 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (54223) | (88796) | (5554) | (38491) | (46872) |
| Units outstanding at end of period | 210218 | 373341 | 71204 | 201136 | 285407 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(154780) | $134745 | $(76300) | $24781 | $(152582) |
| Net realized gains (losses) | 950959 | 9317159 | 2311608 | 2109590 | 3362546 |
| Change in unrealized gains (losses) | (564003) | 489350 | 98461 | 73910 | 14341 |
| Increase (decrease) in net assets from operations | 232176 | 9941254 | 2333769 | 2208281 | 3224305 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 3070 | 5773 |  | 450 | 900 |
| Transfers for contract benefits and terminations | (1485156) | (10612368) | (2614115) | (2860357) | (4955742) |
| Contract maintenance charge | (16707) | (21898) | (15056) | (5464) | (39592) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 32817 | (672579) | (97987) | (194849) | (549406) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (1465976) | (11301072) | (2727158) | (3060220) | (5543840) |
| **INCREASE (DECREASE) IN NET ASSETS** | (1233800) | (1359818) | (393389) | (851939) | (2319535) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 9929390 | 77486417 | 19022465 | 25947060 | 39576112 |
| **NET ASSETS AT END OF PERIOD** | $8695590 | $76126599 | $18629076 | $25095121 | $37256577 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 402517 | 888315 | 641930 | 2169527 | 3356976 |
| &nbsp;&nbsp;&nbsp;Units issued | 15923 | 27411 | 15417 | 100776 | 41915 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (78762) | (174204) | (102014) | (354491) | (495737) |
| Units outstanding at end of period | 339678 | 741522 | 555333 | 1915812 | 2903154 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $114750 | $25256 | $2230 | $(4843) | $(11101) |
| Net realized gains (losses) | 1098536 | 1190906 | 869231 | 68555 | 1691353 |
| Change in unrealized gains (losses) | 675398 | 544477 | 441803 | 43754 | 379376 |
| Increase (decrease) in net assets from operations | 1888684 | 1760639 | 1313264 | 107466 | 2059628 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 168 | 2175 | 198 |  | 600 |
| Transfers for contract benefits and terminations | (2228111) | (2211835) | (780835) | (107619) | (2147014) |
| Contract maintenance charge | (5206) | (25997) | (2683) | (1478) | (4736) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 209276 | (111309) | (9942) | (42526) | (10034) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (2023873) | (2346966) | (793262) | (151623) | (2161184) |
| **INCREASE (DECREASE) IN NET ASSETS** | (135189) | (586327) | 520002 | (44157) | (101556) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 18265511 | 17925083 | 9104257 | 834414 | 15796687 |
| **NET ASSETS AT END OF PERIOD** | $18130322 | $17338756 | $9624259 | $790257 | $15695131 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 584468 | 558561 | 332763 | 57796 | 404385 |
| &nbsp;&nbsp;&nbsp;Units issued | 30280 | 12526 | 13459 | 5957 | 16570 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (90551) | (81488) | (38484) | (16921) | (66912) |
| Units outstanding at end of period | 524197 | 489599 | 307738 | 46832 | 354043 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(47881) | $(25920) | $(88558) | $11921 | $543015 |
| Net realized gains (losses) | 749482 | 414962 | 1143860 | (6980) | (245608) |
| Change in unrealized gains (losses) | 201810 | (130294) | (387316) | 31518 | 1244443 |
| Increase (decrease) in net assets from operations | 903411 | 258748 | 667986 | 36459 | 1541850 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 180 | 1620 | 60 | 2360 |
| Transfers for contract benefits and terminations | (704612) | (177802) | (655695) | (108087) | (2527536) |
| Contract maintenance charge | (7422) | (806) | (14029) | (105) | (30653) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (59949) | 32621 | 7641 | 9676 | 64165 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (771983) | (145807) | (660463) | (98456) | (2491664) |
| **INCREASE (DECREASE) IN NET ASSETS** | 131428 | 112941 | 7523 | (61997) | (949814) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 7190714 | 1998016 | 5406030 | 353440 | 15090841 |
| **NET ASSETS AT END OF PERIOD** | $7322142 | $2110957 | $5413553 | $291443 | $14141027 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 323344 | 32500 | 91943 | 27424 | 872071 |
| &nbsp;&nbsp;&nbsp;Units issued | 7397 | 987 | 5696 | 2508 | 44129 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (39353) | (3477) | (16348) | (7784) | (177679) |
| Units outstanding at end of period | 291388 | 30010 | 81291 | 22148 | 738521 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $68265 | $1 | $51729 | $1109 | $(101740) |
| Net realized gains (losses) |  |  | (51448) | (288) | 1875465 |
| Change in unrealized gains (losses) |  |  | 168707 | 4235 | 661063 |
| Increase (decrease) in net assets from operations | 68265 | 1 | 168988 | 5056 | 2434788 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  | 1530 |
| Transfers for contract benefits and terminations | (531097) |  | (381073) | (216) | (2888134) |
| Contract maintenance charge | (1623) |  | (1262) |  | (45654) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 685124 |  | 83226 | 9 | (76750) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | 152404 |  | (299109) | (207) | (3009008) |
| **INCREASE (DECREASE) IN NET ASSETS** | 220669 | 1 | (130121) | 4849 | (574220) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 2523157 | 74 | 2989247 | 100163 | 19886367 |
| **NET ASSETS AT END OF PERIOD** | $2743826 | $75 | $2859126 | $105012 | $19312147 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 216339 | 8 | 191156 | 8694 | 421045 |
| &nbsp;&nbsp;&nbsp;Units issued | 56684 |  | 8489 | 1 | 15389 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (44461) |  | (27654) | (19) | (76163) |
| Units outstanding at end of period | 228562 | 8 | 171991 | 8676 | 360271 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $258257 | $160362 | $(7590) | $(217984) | $(72737) |
| Net realized gains (losses) | (75889) | (64795) | 58384 | 1084247 | 543698 |
| Change in unrealized gains (losses) | 57055 | 47991 | 52661 | 1266403 | (81098) |
| Increase (decrease) in net assets from operations | 239423 | 143558 | 103455 | 2132666 | 389863 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 216 |  | 9738 | 180 |
| Transfers for contract benefits and terminations | (530972) | (401098) | (107905) | (1937252) | (1096342) |
| Contract maintenance charge | (1798) | (3520) | (306) | (34763) | (1053) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 14163 | (48082) | (99431) | (191323) | (68121) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (518607) | (452484) | (207642) | (2153600) | (1165336) |
| **INCREASE (DECREASE) IN NET ASSETS** | (279184) | (308926) | (104187) | (20934) | (775473) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 4927622 | 3463669 | 812628 | 16559942 | 6783242 |
| **NET ASSETS AT END OF PERIOD** | $4648438 | $3154743 | $708441 | $16539008 | $6007769 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 221564 | 254315 | 19927 | 308703 | 173773 |
| &nbsp;&nbsp;&nbsp;Units issued | 9619 | 5385 | 79 | 9143 | 2283 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (30430) | (37973) | (4731) | (46956) | (35545) |
| Units outstanding at end of period | 200753 | 221727 | 15275 | 270890 | 140511 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(7937) | $(6557) | $(100251) | $(44162) | $(57) |
| Net realized gains (losses) | 45788 | 91249 | 1029549 | 439904 | 616 |
| Change in unrealized gains (losses) | (6616) | (30249) | (459689) | 171608 | 146 |
| Increase (decrease) in net assets from operations | 31235 | 54443 | 469609 | 567350 | 705 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 9232 | 990 |  |  |
| Transfers for contract benefits and terminations | (36738) | (52396) | (849731) | (201244) | (180) |
| Contract maintenance charge | (218) | (612) | (18673) | (782) |  |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (16097) | 1922 | 89857 | 45916 | 31 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (53053) | (41854) | (777557) | (156110) | (149) |
| **INCREASE (DECREASE) IN NET ASSETS** | (21818) | 12589 | (307948) | 411240 | 556 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 472554 | 763148 | 7453532 | 3131943 | 3932 |
| **NET ASSETS AT END OF PERIOD** | $450736 | $775737 | $7145584 | $3543183 | $4488 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 15436 | 10036 | 111219 | 51302 | 69 |
| &nbsp;&nbsp;&nbsp;Units issued | 33 | 198 | 5991 | 2360 | 1 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (1743) | (718) | (17453) | (4797) | (3) |
| Units outstanding at end of period | 13726 | 9516 | 99757 | 48865 | 67 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $— | $— | $— | $217678 | $(20199) |
| Net realized gains (losses) | 105 | 34 | 12 | (107519) | 187866 |
| Change in unrealized gains (losses) | (102) | (31) | 3 | 227157 | 14853 |
| Increase (decrease) in net assets from operations | 3 | 3 | 15 | 337316 | 182520 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  | 120 |  |
| Transfers for contract benefits and terminations | (275) | (193) | (879) | (780250) | (249593) |
| Contract maintenance charge | (1) | (1) | (4) | (12409) | (1312) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net |  |  | (1) | (116041) | (8178) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (276) | (194) | (884) | (908580) | (259083) |
| **INCREASE (DECREASE) IN NET ASSETS** | (273) | (191) | (869) | (571264) | (76563) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 273 | 191 | 869 | 5831615 | 1668699 |
| **NET ASSETS AT END OF PERIOD** | $— | $— | $— | $5260351 | $1592136 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 3 | 3 | 23 | 279459 | 46475 |
| &nbsp;&nbsp;&nbsp;Units issued |  |  |  | 14688 | 899 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (3) | (3) | (23) | (57773) | (7882) |
| Units outstanding at end of period |  |  |  | 236374 | 39492 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **LVIP American Century International Fund - Standard Class II** | **MFS® VIT Growth Series - Initial Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(46001) | $(33635) | $(59271) | $(18) | $(11059) |
| Net realized gains (losses) | 659409 | 313980 | 469251 | 34 | 191774 |
| Change in unrealized gains (losses) | (26311) | (24948) | (177246) | 1116 | (104605) |
| Increase (decrease) in net assets from operations | 587097 | 255397 | 232734 | 1132 | 76110 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 2590 | 180 |  |  |
| Transfers for contract benefits and terminations | (891795) | (352043) | (573548) |  | (144360) |
| Contract maintenance charge | (7388) | (3029) | (5991) | (5) | (305) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (50818) | (184667) | 82162 | (1) | 5151 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (950001) | (537149) | (497197) | (6) | (139514) |
| **INCREASE (DECREASE) IN NET ASSETS** | (362904) | (281752) | (264463) | 1126 | (63404) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 4222747 | 2326980 | 4786956 | 7879 | 861358 |
| **NET ASSETS AT END OF PERIOD** | $3859843 | $2045228 | $4522493 | $9005 | $797954 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 132223 | 52506 | 163695 | 320 | 13378 |
| &nbsp;&nbsp;&nbsp;Units issued | 5083 | 7194 | 7782 |  | 78 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (32972) | (18544) | (24955) |  | (1898) |
| Units outstanding at end of period | 104334 | 41156 | 146522 | 320 | 11558 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Service Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(686) | $1616 | $(818) | $(13133) | $(938) |
| Net realized gains (losses) | 10154 | 381217 | 41418 | (17738) | (6708) |
| Change in unrealized gains (losses) | (5152) | (278430) | (29802) | 140261 | 12622 |
| Increase (decrease) in net assets from operations | 4316 | 104403 | 10798 | 109390 | 4976 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  | 9532 |  |
| Transfers for contract benefits and terminations | (52) | (36862) | (1076) | (90031) | (13292) |
| Contract maintenance charge | (11) | (332) | (11) | (459) | (15) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (4304) | 355 | 424 | 24005 | 131 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (4367) | (36839) | (663) | (56953) | (13176) |
| **INCREASE (DECREASE) IN NET ASSETS** | (51) | 67564 | 10135 | 52437 | (8200) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 43067 | 884569 | 93154 | 986816 | 75322 |
| **NET ASSETS AT END OF PERIOD** | $43016 | $952133 | $103289 | $1039253 | $67122 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 820 | 22515 | 2348 | 18425 | 2030 |
| &nbsp;&nbsp;&nbsp;Units issued |  | 60 | 10 | 1043 | 27 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (77) | (891) | (28) | (2030) | (457) |
| Units outstanding at end of period | 743 | 21684 | 2330 | 17438 | 1600 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Service Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(1069) | $(466) | $16936 | $700 | $928 |
| Net realized gains (losses) | 64362 | 10720 | (2757) | 889 | 1230 |
| Change in unrealized gains (losses) | (35821) | (6761) | 15832 | 4276 | 6660 |
| Increase (decrease) in net assets from operations | 27472 | 3493 | 30011 | 5865 | 8818 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (24201) | (9368) | (31395) | (622) |  |
| Contract maintenance charge | (71) | (11) | (108) | (18) | (3) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 94 | 2 | (3314) | 1 | 2 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (24178) | (9377) | (34817) | (639) | (1) |
| **INCREASE (DECREASE) IN NET ASSETS** | 3294 | (5884) | (4806) | 5226 | 8817 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 246456 | 36916 | 521037 | 44505 | 67330 |
| **NET ASSETS AT END OF PERIOD** | $249750 | $31032 | $516231 | $49731 | $76147 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 5648 | 908 | 24581 | 886 | 1723 |
| &nbsp;&nbsp;&nbsp;Units issued | 8 |  | 38 |  |  |
| &nbsp;&nbsp;&nbsp;Units redeemed | (499) | (216) | (1618) | (13) |  |
| Units outstanding at end of period | 5157 | 692 | 23001 | 873 | 1723 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MFS® VIT II High Yield Portfolio - Initial Class** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $15821 | $(168880) | $(98144) | $316842 | $(90154) |
| Net realized gains (losses) | (1603) | (419448) | (483110) | (150877) | 329956 |
| Change in unrealized gains (losses) | 5809 | 1922531 | 1425273 | 137517 | 1714895 |
| Increase (decrease) in net assets from operations | 20027 | 1334203 | 844019 | 303482 | 1954697 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 60 | 3562 |  | 120 |
| Transfers for contract benefits and terminations | (13902) | (731950) | (1132197) | (371505) | (469822) |
| Contract maintenance charge | (56) | (1593) | (22157) | (3572) | (1518) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 106 | (172526) | (503893) | (43348) | (134463) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (13852) | (906009) | (1654685) | (418425) | (605683) |
| **INCREASE (DECREASE) IN NET ASSETS** | 6175 | 428194 | (810666) | (114943) | 1349014 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 277060 | 12277199 | 7585551 | 2483478 | 6669908 |
| **NET ASSETS AT END OF PERIOD** | $283235 | $12705393 | $6774885 | $2368535 | $8018922 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 10938 | 181781 | 115435 | 95494 | 296335 |
| &nbsp;&nbsp;&nbsp;Units issued | 8 | 5627 | 7787 | 3031 | 6416 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (524) | (17480) | (29064) | (18526) | (30116) |
| Units outstanding at end of period | 10422 | 169928 | 94158 | 79999 | 272635 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(23476) | $(385400) | $(163668) | $(3839330) | $(1018789) |
| Net realized gains (losses) | 86562 | 864770 | 362432 | 1529208 | 61057 |
| Change in unrealized gains (losses) | 428904 | 3529060 | 1094087 | 79647223 | 16810439 |
| Increase (decrease) in net assets from operations | 491990 | 4008430 | 1292851 | 77337101 | 15852707 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 108 | 1500 | 3780 |  |
| Transfers for contract benefits and terminations | (211658) | (6115591) | (1067725) | (33168523) | (4956278) |
| Contract maintenance charge | (6084) | (7008) | (11232) | (52344) | (54714) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (99878) | (957754) | (177568) | (6254964) | (2020903) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (317620) | (7080245) | (1255025) | (39472051) | (7031895) |
| **INCREASE (DECREASE) IN NET ASSETS** | 174370 | (3071815) | 37826 | 37865050 | 8820812 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 1782149 | 30091979 | 9060945 | 238805410 | 49698915 |
| **NET ASSETS AT END OF PERIOD** | $1956519 | $27020164 | $9098771 | $276670460 | $58519727 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 49225 | 1424776 | 504257 | 4386397 | 2096484 |
| &nbsp;&nbsp;&nbsp;Units issued | 847 | 47513 | 16768 | 82244 | 19470 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (8863) | (314245) | (83780) | (564906) | (215564) |
| Units outstanding at end of period | 41209 | 1158044 | 437245 | 3903735 | 1900390 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(21) | $(809) | $3043 | $12539 | $8 |
| Net realized gains (losses) | 177 | 3369 | (80660) | (15678) | (22) |
| Change in unrealized gains (losses) | (107) | 3276 | 119958 | 32033 | 20 |
| Increase (decrease) in net assets from operations | 49 | 5836 | 42341 | 28894 | 6 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations |  |  | (26440) | (79448) | (409) |
| Contract maintenance charge |  | (7) | (744) | (691) | (3) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net |  |  | (79174) | 726 | 2 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions |  | (7) | (106358) | (79413) | (410) |
| **INCREASE (DECREASE) IN NET ASSETS** | 49 | 5829 | (64017) | (50519) | (404) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 1297 | 48845 | 320465 | 254804 | 840 |
| **NET ASSETS AT END OF PERIOD** | $1346 | $54674 | $256448 | $204285 | $436 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 22 | 2540 | 47868 | 14815 | 44 |
| &nbsp;&nbsp;&nbsp;Units issued |  |  | 7306 | 2309 |  |
| &nbsp;&nbsp;&nbsp;Units redeemed |  |  | (22516) | (6471) | (22) |
| Units outstanding at end of period | 22 | 2540 | 32658 | 10653 | 22 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $25665 | $88922 | $10 | $(397742) | $381290 |
| Net realized gains (losses) | (50185) | (107248) |  | 5286726 | (393954) |
| Change in unrealized gains (losses) | 122827 | 276376 | 18 | 857729 | 563206 |
| Increase (decrease) in net assets from operations | 98307 | 258050 | 28 | 5746713 | 550542 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  | 4277 | 1296 |
| Transfers for contract benefits and terminations | (198018) | (585346) |  | (5097275) | (1084401) |
| Contract maintenance charge | (3327) | (11046) | (1) | (65457) | (11739) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (518267) | 200225 | 1 | (455953) | 104810 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (719612) | (396167) |  | (5614408) | (990034) |
| **INCREASE (DECREASE) IN NET ASSETS** | (621305) | (138117) | 28 | 132305 | (439492) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 1971276 | 3882132 | 382 | 42010868 | 8238326 |
| **NET ASSETS AT END OF PERIOD** | $1349971 | $3744015 | $410 | $42143173 | $7798834 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 145489 | 272679 | 23 | 1089050 | 421771 |
| &nbsp;&nbsp;&nbsp;Units issued | 54239 | 23551 |  | 17153 | 11244 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (106540) | (49706) |  | (157470) | (60356) |
| Units outstanding at end of period | 93188 | 246524 | 23 | 948733 | 372659 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(37619) | $244175 | $(7057) | $82317 | $(200241) |
| Net realized gains (losses) | 244671 | 129862 | 3665295 | 1694013 | 1233723 |
| Change in unrealized gains (losses) | 1311785 | 3414020 | 296555 | (381184) | 775743 |
| Increase (decrease) in net assets from operations | 1518837 | 3788057 | 3954793 | 1395146 | 1809225 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 2815 | 1210 | 1005 |  | 5911 |
| Transfers for contract benefits and terminations | (612178) | (1482036) | (5746020) | (1701720) | (1490302) |
| Contract maintenance charge | (19478) | (25773) | (60720) | (23525) | (32229) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (340075) | (416865) | (714104) | (152047) | (928611) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (968916) | (1923464) | (6519839) | (1877292) | (2445231) |
| **INCREASE (DECREASE) IN NET ASSETS** | 549921 | 1864593 | (2565046) | (482146) | (636006) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 5260253 | 11832504 | 35758018 | 12138678 | 15129764 |
| **NET ASSETS AT END OF PERIOD** | $5810174 | $13697097 | $33192972 | $11656532 | $14493758 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 315477 | 679045 | 1232124 | 402146 | 327170 |
| &nbsp;&nbsp;&nbsp;Units issued | 5444 | 3480 | 65595 | 7989 | 5767 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (55977) | (96895) | (277055) | (63898) | (55426) |
| Units outstanding at end of period | 264944 | 585630 | 1020664 | 346237 | 277511 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Value Fund - Class IB** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $609606 | $491876 | $748983 | $(563335) | $(6169) |
| Net realized gains (losses) |  | (213643) | (1147108) | 3642056 | 292083 |
| Change in unrealized gains (losses) |  | 390891 | 1610555 | 7989487 | 1440619 |
| Increase (decrease) in net assets from operations | 609606 | 669124 | 1212430 | 11068208 | 1726533 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 16863 | 1024 | 1188 | 10899 | 6200 |
| Transfers for contract benefits and terminations | (6981404) | (1656775) | (3042683) | (4861775) | (965248) |
| Contract maintenance charge | (96880) | (19819) | (49112) | (57496) | (12593) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 2623925 | 83371 | 485100 | (1476383) | (188751) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (4437496) | (1592199) | (2605507) | (6384755) | (1160392) |
| **INCREASE (DECREASE) IN NET ASSETS** | (3827890) | (923075) | (1393077) | 4683453 | 566141 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 32173380 | 10454344 | 22698842 | 33499128 | 5721434 |
| **NET ASSETS AT END OF PERIOD** | $28345490 | $9531269 | $21305765 | $38182581 | $6287575 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 3398803 | 367544 | 1382669 | 1868284 | 291976 |
| &nbsp;&nbsp;&nbsp;Units issued | 473685 | 13781 | 64346 | 46028 | 2303 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (941863) | (68030) | (218716) | (327415) | (51640) |
| Units outstanding at end of period | 2930625 | 313295 | 1228299 | 1586897 | 242639 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(1614386) | $(8025) | $343424 | $(159717) | $(29995) |
| Net realized gains (losses) | 17391385 | 15428549 | (510545) | 2640580 | 263948 |
| Change in unrealized gains (losses) | (2776646) | 7548405 | 517059 | 414044 | (27273) |
| Increase (decrease) in net assets from operations | 13000353 | 22968929 | 349938 | 2894907 | 206680 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 19583 | 22821 | 600 | 4861 |  |
| Transfers for contract benefits and terminations | (13930857) | (15812852) | (790357) | (2178587) | (293233) |
| Contract maintenance charge | (174027) | (226632) | (10380) | (36725) | (7808) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (703186) | (619749) | (75153) | (90374) | 199946 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (14788487) | (16636412) | (875290) | (2300825) | (101095) |
| **INCREASE (DECREASE) IN NET ASSETS** | (1788134) | 6332517 | (525352) | 594082 | 105585 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 112611174 | 132324508 | 4884827 | 19558147 | 2832062 |
| **NET ASSETS AT END OF PERIOD** | $110823040 | $138657025 | $4359475 | $20152229 | $2937647 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 3494757 | 2443100 | 315059 | 422460 | 46119 |
| &nbsp;&nbsp;&nbsp;Units issued | 66705 | 90865 | 17264 | 5541 | 4011 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (506860) | (347170) | (74525) | (53014) | (5512) |
| Units outstanding at end of period | 3054602 | 2186795 | 257798 | 374987 | 44618 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(160001) | $(52284) | $(495744) | $(41165) | $123576 |
| Net realized gains (losses) | 1500072 | 512960 | 10676441 | 158562 | 1427586 |
| Change in unrealized gains (losses) | (678686) | (454846) | (4374928) | 1230003 | 2629975 |
| Increase (decrease) in net assets from operations | 661385 | 5830 | 5805769 | 1347400 | 4181137 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 2329 |  | 26968 | 150 | 8275 |
| Transfers for contract benefits and terminations | (2028012) | (262893) | (6856124) | (551740) | (2023012) |
| Contract maintenance charge | (23110) | (9379) | (144390) | (9462) | (25877) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (24221) | (256479) | (1093719) | (286021) | (1048451) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (2073014) | (528751) | (8067265) | (847073) | (3089065) |
| **INCREASE (DECREASE) IN NET ASSETS** | (1411629) | (522921) | (2261496) | 500327 | 1092072 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 20406390 | 4305698 | 71197844 | 3451653 | 16896506 |
| **NET ASSETS AT END OF PERIOD** | $18994761 | $3782777 | $68936348 | $3951980 | $17988578 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 406448 | 74541 | 1801482 | 90416 | 868809 |
| &nbsp;&nbsp;&nbsp;Units issued | 12745 | 5167 | 21918 | 2902 | 27116 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (55071) | (14986) | (223184) | (21397) | (166028) |
| Units outstanding at end of period | 364122 | 64722 | 1600216 | 71921 | 729897 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**<br>

**STATEMENTS OF CHANGES IN NET ASSETS**

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

---

| | | |
|:---|:---|:---|
| | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | |
| Net investment income (loss) | $(5934) | $(1150) |
| Net realized gains (losses) | (42750) | 33064 |
| Change in unrealized gains (losses) | 104579 | 14376 |
| Increase (decrease) in net assets from operations | 55895 | 46290 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |
| Deposits |  |  |
| Transfers for contract benefits and terminations | (184259) | (156981) |
| Contract maintenance charge | (349) | (105) |
| Transfers among the sub-accounts and with the |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 4044 |  |
| Increase (decrease) in net assets from contract |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (180564) | (157086) |
| **INCREASE (DECREASE) IN NET ASSETS** | (124669) | (110796) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 415553 | 294232 |
| **NET ASSETS AT END OF PERIOD** | $290884 | $183436 |
| **UNITS OUTSTANDING** |  |  |
| Units outstanding at beginning of period | 20208 | 10755 |
| &nbsp;&nbsp;&nbsp;Units issued | 1530 | 1 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (8589) | (5175) |
| Units outstanding at end of period | 13149 | 5581 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **AST Aggressive Asset Allocation Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(58042) | $17153 | $(530107) | $(149564) | $(32550) |
| Net realized gains (losses) | 300148 | 30296 | 2991117 | 1934899 | 147337 |
| Change in unrealized gains (losses) | 144180 | 59452 | 3852753 | 1498474 | 107713 |
| Increase (decrease) in net assets from operations | 386286 | 106901 | 6313763 | 3283809 | 222500 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  | 144 |  |  |
| Transfers for contract benefits and terminations | (685177) | (392364) | (4521230) | (3404809) | (208691) |
| Contract maintenance charge | (18996) | (6877) | (24929) | (18020) | (6387) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 137 | 152004 | (258630) | (611663) | 77012 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (704036) | (247237) | (4804645) | (4034492) | (138066) |
| **INCREASE (DECREASE) IN NET ASSETS** | (317750) | (140336) | 1509118 | (750683) | 84434 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 5176412 | 3271024 | 29269006 | 31117603 | 1877763 |
| **NET ASSETS AT END OF PERIOD** | $4858662 | $3130688 | $30778124 | $30366920 | $1962197 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 105719 | 299016 | 828179 | 931116 | 92475 |
| &nbsp;&nbsp;&nbsp;Units issued | 1343 | 19547 | 14041 | 14081 | 6859 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (14994) | (41487) | (137029) | (122554) | (12512) |
| Units outstanding at end of period | 92068 | 277076 | 705191 | 822643 | 86822 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Balanced Asset Allocation Portfolio** | **AST Bond Portfolio 2025** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2030** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(64596) | $(1397) | $(2511) | $(704) | $(337) |
| Net realized gains (losses) | 641745 | 1642 | 768 | 11 | (905) |
| Change in unrealized gains (losses) | (242903) | 2893 | 6728 | 1918 | 992 |
| Increase (decrease) in net assets from operations | 334246 | 3138 | 4985 | 1225 | (250) |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (860520) | (524) |  |  |  |
| Contract maintenance charge | (19290) |  | (167) |  | (35) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 2698456 | 254285 | (2822) | 51382 | 169 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | 1818646 | 253761 | (2989) | 51382 | 134 |
| **INCREASE (DECREASE) IN NET ASSETS** | 2152892 | 256899 | 1996 | 52607 | (116) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 4742620 |  | 167740 |  | 16248 |
| **NET ASSETS AT END OF PERIOD** | $6895512 | $256899 | $169736 | $52607 | $16132 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 244159 |  | 16535 |  | 1597 |
| &nbsp;&nbsp;&nbsp;Units issued | 139866 | 52330 | 225 | 5223 | 2035 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (62023) | (30952) | (517) |  | (2038) |
| Units outstanding at end of period | 322002 | 21378 | 16243 | 5223 | 1594 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2032** | **AST Bond Portfolio 2034** | **AST Cohen & Steers Realty Portfolio** | **AST Core Fixed Income Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(2148) | $(341) | $(685) | $(201) | $(1442) |
| Net realized gains (losses) | (276) | (59) | (681) | 7214 | (512) |
| Change in unrealized gains (losses) | 585 | (86) |  | (5549) | 2141 |
| Increase (decrease) in net assets from operations | (1839) | (486) | (1366) | 1464 | 187 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations |  |  |  | (13494) | (19280) |
| Contract maintenance charge |  | (35) |  | (8) | (28) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net |  | (1) | 1366 |  | (1) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions |  | (36) | 1366 | (13502) | (19309) |
| **INCREASE (DECREASE) IN NET ASSETS** | (1839) | (522) |  | (12038) | (19122) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 144227 | 23087 |  | 13353 | 138329 |
| **NET ASSETS AT END OF PERIOD** | $142388 | $22565 | $— | $1315 | $119207 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 16585 | 3036 |  | 598 | 10405 |
| &nbsp;&nbsp;&nbsp;Units issued | 1 |  | 28356 |  |  |
| &nbsp;&nbsp;&nbsp;Units redeemed |  | (4) | (28356) | (542) | (1445) |
| Units outstanding at end of period | 16586 | 3032 |  | 56 | 8960 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Emerging Markets Equity Portfolio** | **AST Global Bond Portfolio** | **AST Government Money Market Portfolio** | **AST High Yield Portfolio** | **AST International Equity Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(52) | $(95) | $5352 | $(366) | $(2810) |
| Net realized gains (losses) | (14) | (324) |  | 350 | 5104 |
| Change in unrealized gains (losses) | 146 | 474 |  | 2050 | 3830 |
| Increase (decrease) in net assets from operations | 80 | 55 | 5352 | 2034 | 6124 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (209) | (3903) | (1331152) | (616) | (13911) |
| Contract maintenance charge | (20) | (3) | (4) | (19) | (17) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (1) | (1) | 1338832 | 134 | 2 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (230) | (3907) | 7676 | (501) | (13926) |
| **INCREASE (DECREASE) IN NET ASSETS** | (150) | (3852) | 13028 | 1533 | (7802) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 3251 | 9947 | 193696 | 32137 | 161633 |
| **NET ASSETS AT END OF PERIOD** | $3101 | $6095 | $206724 | $33670 | $153831 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 386 | 1120 | 23191 | 1704 | 10975 |
| &nbsp;&nbsp;&nbsp;Units issued |  |  | 53489 | 7 |  |
| &nbsp;&nbsp;&nbsp;Units redeemed | (29) | (439) | (52644) | (33) | (899) |
| Units outstanding at end of period | 357 | 681 | 24036 | 1678 | 10076 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Investment Grade Bond Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Growth Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(33755) | $(23980) | $(1245) | $(333) | $(3174) |
| Net realized gains (losses) | 27018 | 51808 | 1151 | 250 | 13332 |
| Change in unrealized gains (losses) | 19617 | 38012 | 7733 | 6314 | 38319 |
| Increase (decrease) in net assets from operations | 12880 | 65840 | 7639 | 6231 | 48477 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (312762) | (105427) | (2150) | (979) | (28121) |
| Contract maintenance charge | (24325) | (7654) | (95) | (8) | (36) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (39976) | 16657 | 1362 | (1) | 34568 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (377063) | (96424) | (883) | (988) | 6411 |
| **INCREASE (DECREASE) IN NET ASSETS** | (364183) | (30584) | 6756 | 5243 | 54888 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 2430987 | 1523440 | 91151 | 27641 | 177663 |
| **NET ASSETS AT END OF PERIOD** | $2066804 | $1492856 | $97907 | $32884 | $232551 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 140449 | 102230 | 4736 | 1863 | 3655 |
| &nbsp;&nbsp;&nbsp;Units issued | 8660 | 2935 | 86 |  | 523 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (30256) | (9520) | (135) | (81) | (459) |
| Units outstanding at end of period | 118853 | 95645 | 4687 | 1782 | 3719 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Large-Cap Value Portfolio** | **AST MFS Global Equity Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(2288) | $(207) | $(15196) | $(17731) | $(88081) |
| Net realized gains (losses) | 2900 | 809 | 32843 | 99583 | 280512 |
| Change in unrealized gains (losses) | 8815 | 286 | 34015 | 18241 | 467277 |
| Increase (decrease) in net assets from operations | 9427 | 888 | 51662 | 100093 | 659708 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (14713) | (1049) | (86777) | (111393) | (501854) |
| Contract maintenance charge | (29) | (2) | (4393) | (4884) | (32331) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 61744 | 1 | (34638) | (54251) | (3381) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | 47002 | (1050) | (125808) | (170528) | (537566) |
| **INCREASE (DECREASE) IN NET ASSETS** | 56429 | (162) | (74146) | (70435) | 122142 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 131801 | 20037 | 888235 | 1134822 | 5746511 |
| **NET ASSETS AT END OF PERIOD** | $188230 | $19875 | $814089 | $1064387 | $5868653 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 5986 | 766 | 68396 | 56570 | 343992 |
| &nbsp;&nbsp;&nbsp;Units issued | 2421 |  | 1655 | 146 | 12453 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (587) | (39) | (10647) | (8334) | (42355) |
| Units outstanding at end of period | 7820 | 727 | 59404 | 48382 | 314090 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **AST Preservation Asset Allocation Portfolio** | **AST Small-Cap Equity Portfolio** | **AST T. Rowe Price Natural Resources Portfolio** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon VIF, Government Money Market Portfolio** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(41543) | $(291) | $(70) | $(858) | $7270 |
| Net realized gains (losses) | 130295 | 1848 | 180 | 24786 |  |
| Change in unrealized gains (losses) | 67731 | (248) | 411 | 44394 |  |
| Increase (decrease) in net assets from operations | 156483 | 1309 | 521 | 68322 | 7270 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (274633) | (7914) | (5082) | (4185) | (5680) |
| Contract maintenance charge | (10342) | (8) |  | (122) | (98) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 1863 | 37454 | (3) | 4 | 1357 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (283112) | 29532 | (5085) | (4303) | (4421) |
| **INCREASE (DECREASE) IN NET ASSETS** | (126629) | 30841 | (4564) | 64019 | 2849 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 2600210 | 21191 | 4564 | 298132 | 228847 |
| **NET ASSETS AT END OF PERIOD** | $2473581 | $52032 | $— | $362151 | $231696 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 163850 | 644 | 432 | 6632 | 22727 |
| &nbsp;&nbsp;&nbsp;Units issued | 917 | 942 |  |  | 126 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (18056) | (217) | (432) | (66) | (549) |
| Units outstanding at end of period | 146711 | 1369 |  | 6566 | 22304 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **DWS Capital Growth VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS Global Income Builder VIP - Class A** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(492) | $(6909) | $859 | $3704 | $13789 |
| Net realized gains (losses) | 4230 | 177456 | 54702 | (3279) | 4186 |
| Change in unrealized gains (losses) | 6178 | 133045 | 59779 | 2849 | 21913 |
| Increase (decrease) in net assets from operations | 9916 | 303592 | 115340 | 3274 | 39888 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  | 105 |  |
| Transfers for contract benefits and terminations | (5610) | (247079) | (93453) | (24271) | (86097) |
| Contract maintenance charge | (18) |  |  |  |  |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (590) | 65449 | (538) | 904 | 775 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (6218) | (181630) | (93991) | (23262) | (85322) |
| **INCREASE (DECREASE) IN NET ASSETS** | 3698 | 121962 | 21349 | (19988) | (45434) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 49314 | 1230127 | 622016 | 140584 | 487821 |
| **NET ASSETS AT END OF PERIOD** | $53012 | $1352089 | $643365 | $120596 | $442387 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 1268 | 20432 | 13656 | 9070 | 20992 |
| &nbsp;&nbsp;&nbsp;Units issued |  | 933 | 8 | 52 | 42 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (155) | (3495) | (1826) | (1477) | (3469) |
| Units outstanding at end of period | 1113 | 17870 | 11838 | 7645 | 17565 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **DWS Global Small Cap VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **Federated Hermes Government Money Fund II** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $2951 | $19824 | $(1951) | $44353 | $(45061) |
| Net realized gains (losses) | 12654 |  | 463 |  | 746093 |
| Change in unrealized gains (losses) | 6906 |  | 13938 |  | 357501 |
| Increase (decrease) in net assets from operations | 22511 | 19824 | 12450 | 44353 | 1058533 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 105 |  | 140 | 60 | 90 |
| Transfers for contract benefits and terminations | (19655) | (191434) | (9295) | (108653) | (388778) |
| Contract maintenance charge |  |  |  | (1285) | (1949) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (40612) | 183718 | (20738) | 11955 | (74989) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (60162) | (7716) | (29893) | (97923) | (465626) |
| **INCREASE (DECREASE) IN NET ASSETS** | (37651) | 12108 | (17443) | (53570) | 592907 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 451088 | 446294 | 271907 | 1427825 | 3392067 |
| **NET ASSETS AT END OF PERIOD** | $413437 | $458402 | $254464 | $1374255 | $3984974 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 9356 | 41937 | 8839 | 127411 | 56324 |
| &nbsp;&nbsp;&nbsp;Units issued | 25 | 17689 | 15 | 1801 | 4312 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (1209) | (18272) | (928) | (10450) | (10403) |
| Units outstanding at end of period | 8172 | 41354 | 7926 | 118762 | 50233 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(379287) | $760 | $(18) | $29186 | $11062 |
| Net realized gains (losses) | 4482345 | 37657 | 34296 | (1793) | 59294 |
| Change in unrealized gains (losses) | 2203385 | 12675 | 20392 | 33134 | 25850 |
| Increase (decrease) in net assets from operations | 6306443 | 51092 | 54670 | 60527 | 96206 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 5587 | 180 |  |  |  |
| Transfers for contract benefits and terminations | (2665733) | (20050) | (33619) | (78104) | (317580) |
| Contract maintenance charge | (64104) | (100) | (91) | (4887) | (5677) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (393417) | (42945) | 5132 | 12502 | 5930 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (3117667) | (62915) | (28578) | (70489) | (317327) |
| **INCREASE (DECREASE) IN NET ASSETS** | 3188776 | (11823) | 26092 | (9962) | (221121) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 21058580 | 366649 | 410233 | 1887558 | 1613847 |
| **NET ASSETS AT END OF PERIOD** | $24247356 | $354826 | $436325 | $1877596 | $1392726 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 532796 | 10043 | 13987 | 113626 | 85512 |
| &nbsp;&nbsp;&nbsp;Units issued | 17810 | 316 | 257 | 1700 | 580 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (84724) | (1829) | (1120) | (5751) | (15852) |
| Units outstanding at end of period | 465882 | 8530 | 13124 | 109575 | 70240 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $1241 | $6015 | $1509619 | $1916045 | $(13826) |
| Net realized gains (losses) | 17276 | 2479 |  |  | 431941 |
| Change in unrealized gains (losses) | 31328 | 1937 |  |  | 121884 |
| Increase (decrease) in net assets from operations | 49845 | 10431 | 1509619 | 1916045 | 539999 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  | 2592 | 8394 |  |
| Transfers for contract benefits and terminations | (134185) | (95796) | (6083744) | (10116703) | (389728) |
| Contract maintenance charge | (1737) | (2112) | (16465) | (89042) | (8865) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 16 | 72801 | 20644363 | 16766401 | 138064 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (135906) | (25107) | 14546746 | 6569050 | (260529) |
| **INCREASE (DECREASE) IN NET ASSETS** | (86061) | (14676) | 16056365 | 8485095 | 279470 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 719127 | 392575 | 42891110 | 66368185 | 2911551 |
| **NET ASSETS AT END OF PERIOD** | $633066 | $377899 | $58947475 | $74853280 | $3191021 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 34210 | 28543 | 4281064 | 7141211 | 81346 |
| &nbsp;&nbsp;&nbsp;Units issued | 32 | 5051 | 2247348 | 2054808 | 6833 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (5835) | (6639) | (852784) | (1408821) | (13652) |
| Units outstanding at end of period | 28407 | 26955 | 5675628 | 7787198 | 74527 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Service Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(31263) | $(45873) | $(3080) | $6378 | $39741 |
| Net realized gains (losses) | 126979 | 877186 | 63400 | (3540) | (18656) |
| Change in unrealized gains (losses) | 498315 | (2430) | (12252) | 6896 | 39747 |
| Increase (decrease) in net assets from operations | 594031 | 828883 | 48068 | 9734 | 60832 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 840 |  |  |  |
| Transfers for contract benefits and terminations | (182726) | (280952) | (51089) | (7668) | (84900) |
| Contract maintenance charge | (6103) | (1837) | (11) | (117) | (1499) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 511141 | (11106) |  | (2589) | (3617) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | 322312 | (293055) | (51100) | (10374) | (90016) |
| **INCREASE (DECREASE) IN NET ASSETS** | 916343 | 535828 | (3032) | (640) | (29184) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 1522313 | 2989227 | 186593 | 132962 | 941087 |
| **NET ASSETS AT END OF PERIOD** | $2438656 | $3525055 | $183561 | $132322 | $911903 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 26117 | 61436 | 4333 | 6978 | 51095 |
| &nbsp;&nbsp;&nbsp;Units issued | 9067 | 365 |  | 699 | 1814 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (4993) | (5748) | (1039) | (1208) | (6665) |
| Units outstanding at end of period | 30191 | 56053 | 3294 | 6469 | 46244 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(2764) | $(27145) | $8113 | $14 | $(73683) |
| Net realized gains (losses) | 212514 | 427943 | (12660) | (3) | 816998 |
| Change in unrealized gains (losses) | 387863 | 420338 | 7469 | (13) | 31238 |
| Increase (decrease) in net assets from operations | 597613 | 821136 | 2922 | (2) | 774553 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 3090 |  | 150 |  |  |
| Transfers for contract benefits and terminations | (263378) | (676973) | (102333) |  | (555157) |
| Contract maintenance charge | (1267) | (9867) | (208) | (3) | (14759) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 892 | 43252 | 7692 | 85 | (28481) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (260663) | (643588) | (94699) | 82 | (598397) |
| **INCREASE (DECREASE) IN NET ASSETS** | 336950 | 177548 | (91777) | 80 | 176156 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 2699407 | 3797251 | 464930 | 672 | 5226082 |
| **NET ASSETS AT END OF PERIOD** | $3036357 | $3974799 | $373153 | $752 | $5402238 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 70165 | 104749 | 22606 | 44 | 166627 |
| &nbsp;&nbsp;&nbsp;Units issued | 1167 | 2467 | 391 | 5 | 1709 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (7536) | (18009) | (4943) |  | (19169) |
| Units outstanding at end of period | 63796 | 89207 | 18054 | 49 | 149167 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $974 | $— | $(15653) | $75403 | $1434495 |
| Net realized gains (losses) | 34680 | 13 | (7507) | (509385) | (70425) |
| Change in unrealized gains (losses) | (20727) | (7) | 251065 | 2215035 | 786408 |
| Increase (decrease) in net assets from operations | 14927 | 6 | 227905 | 1781053 | 2150478 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 3600 |  |  | 1475 | 160 |
| Transfers for contract benefits and terminations | (32980) |  | (96918) | (1935376) | (4795558) |
| Contract maintenance charge | (226) | (1) | (2825) | (34413) | (51692) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (5799) | 18 | (77800) | (160642) | 905928 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (35405) | 17 | (177543) | (2128956) | (3941162) |
| **INCREASE (DECREASE) IN NET ASSETS** | (20478) | 23 | 50362 | (347903) | (1790684) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 367944 | 236 | 892789 | 11723540 | 40169386 |
| **NET ASSETS AT END OF PERIOD** | $347466 | $259 | $943151 | $11375637 | $38378702 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 18257 | 8 | 23608 | 293471 | 1691998 |
| &nbsp;&nbsp;&nbsp;Units issued | 1457 | 1 | 680 | 9881 | 73964 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (3319) |  | (4876) | (57988) | (234912) |
| Units outstanding at end of period | 16395 | 9 | 19412 | 245364 | 1531050 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(157575) | $3930 | $71554 | $(83893) | $(13207) |
| Net realized gains (losses) | 1531908 | 324302 | 427846 | 200727 | (10606) |
| Change in unrealized gains (losses) | 868902 | (193845) | 1646259 | 1085897 | 98188 |
| Increase (decrease) in net assets from operations | 2243235 | 134387 | 2145659 | 1202731 | 74375 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 3281 |  | 7660 | 3345 |  |
| Transfers for contract benefits and terminations | (2204957) | (385597) | (2452535) | (1650841) | (55077) |
| Contract maintenance charge | (17537) | (11773) | (42196) | (25621) | (2916) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (569835) | 45212 | (370025) | 103786 | (33762) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (2789048) | (352158) | (2857096) | (1569331) | (91755) |
| **INCREASE (DECREASE) IN NET ASSETS** | (545813) | (217771) | (711437) | (366600) | (17380) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 9903871 | 4415360 | 23360101 | 12810694 | 818986 |
| **NET ASSETS AT END OF PERIOD** | $9358058 | $4197589 | $22648664 | $12444094 | $801606 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 267573 | 181803 | 854335 | 266829 | 14160 |
| &nbsp;&nbsp;&nbsp;Units issued | 15115 | 2055 | 22491 | 8905 | 352 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (78961) | (16227) | (117378) | (38177) | (1754) |
| Units outstanding at end of period | 203727 | 167631 | 759448 | 237557 | 12758 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $48627 | $(5004) | $(7867) | $(18032) | $(112) |
| Net realized gains (losses) | (138928) | 126865 | 82287 | 211632 | 634 |
| Change in unrealized gains (losses) | 78049 | 37804 | 55392 | 158245 | 1428 |
| Increase (decrease) in net assets from operations | (12252) | 159665 | 129812 | 351845 | 1950 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (502224) | (127778) | (86188) | (253334) |  |
| Contract maintenance charge | (12825) | (1817) | (2843) | (2767) | (16) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 99856 | (28275) | 258 | (133948) | (1) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (415193) | (157870) | (88773) | (390049) | (17) |
| **INCREASE (DECREASE) IN NET ASSETS** | (427445) | 1795 | 41039 | (38204) | 1933 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 3733824 | 1106177 | 1254894 | 2197706 | 6430 |
| **NET ASSETS AT END OF PERIOD** | $3306379 | $1107972 | $1295933 | $2159502 | $8363 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 337726 | 44179 | 36413 | 77748 | 134 |
| &nbsp;&nbsp;&nbsp;Units issued | 38255 | 1320 | 56 | 1562 |  |
| &nbsp;&nbsp;&nbsp;Units redeemed | (73967) | (7056) | (2488) | (14191) |  |
| Units outstanding at end of period | 302014 | 38443 | 33981 | 65119 | 134 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(20188) | $(1191956) | $(312958) | $(201087) | $(118042) |
| Net realized gains (losses) | 377638 | 3429975 | 786293 | 993005 | 490640 |
| Change in unrealized gains (losses) | 65342 | 20310576 | 4293172 | 6731697 | 2622765 |
| Increase (decrease) in net assets from operations | 422792 | 22548595 | 4766507 | 7523615 | 2995363 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 7288 | 490 | 3126 | 525 |
| Transfers for contract benefits and terminations | (279816) | (9433220) | (1961846) | (2750782) | (1770375) |
| Contract maintenance charge | (2843) | (26865) | (23705) | (16063) | (33137) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (124220) | (663729) | (140484) | (376685) | (467327) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (406879) | (10116526) | (2125545) | (3140404) | (2270314) |
| **INCREASE (DECREASE) IN NET ASSETS** | 15913 | 12432069 | 2640962 | 4383211 | 725049 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 1761936 | 72621093 | 15350216 | 27945769 | 11599333 |
| **NET ASSETS AT END OF PERIOD** | $1777849 | $85053162 | $17991178 | $32328980 | $12324382 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 48263 | 1985524 | 428464 | 1071109 | 272769 |
| &nbsp;&nbsp;&nbsp;Units issued | 2100 | 54378 | 15735 | 27393 | 6516 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (11989) | (283325) | (60221) | (145504) | (56969) |
| Units outstanding at end of period | 38374 | 1756577 | 383978 | 952998 | 222316 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $51375 | $(140930) | $(378808) | $(9395) | $79023 |
| Net realized gains (losses) | 2054160 | 5911804 | 5298511 | 68081 | (112236) |
| Change in unrealized gains (losses) | 258749 | 289520 | 5810012 | 78781 | 87739 |
| Increase (decrease) in net assets from operations | 2364284 | 6060394 | 10729715 | 137467 | 54526 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 120 | 1644 | 783 |  | 750 |
| Transfers for contract benefits and terminations | (1963511) | (6713726) | (5997487) | (44954) | (558052) |
| Contract maintenance charge | (5300) | (68860) | (18106) | (829) | (1093) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (9385) | (465784) | (391276) | (41228) | 152243 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (1978076) | (7246726) | (6406086) | (87011) | (406152) |
| **INCREASE (DECREASE) IN NET ASSETS** | 386208 | (1186332) | 4323629 | 50456 | (351626) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 18394272 | 49208405 | 47630363 | 644796 | 3886997 |
| **NET ASSETS AT END OF PERIOD** | $18780480 | $48022073 | $51953992 | $695252 | $3535371 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 466846 | 1327412 | 1356864 | 24838 | 252307 |
| &nbsp;&nbsp;&nbsp;Units issued | 29197 | 18815 | 34644 | 29 | 23664 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (76829) | (200440) | (195040) | (3005) | (49899) |
| Units outstanding at end of period | 419214 | 1145787 | 1196468 | 21862 | 226072 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $81185 | $(51747) | $(210586) | $(74702) | $(170327) |
| Net realized gains (losses) | (19700) | 177741 | 440402 | 64466 | (17918) |
| Change in unrealized gains (losses) | (6764) | 930813 | 3260767 | 1086206 | 2212221 |
| Increase (decrease) in net assets from operations | 54721 | 1056807 | 3490583 | 1075970 | 2023976 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 1050 | 4740 | 3540 | 180 | 3150 |
| Transfers for contract benefits and terminations | (1113395) | (514655) | (1424393) | (550573) | (1423163) |
| Contract maintenance charge | (11885) | (1412) | (29798) | (1284) | (23959) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 295201 | (62981) | (587999) | (101761) | (386883) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (829029) | (574308) | (2038650) | (653438) | (1830855) |
| **INCREASE (DECREASE) IN NET ASSETS** | (774308) | 482499 | 1451933 | 422532 | 193121 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 4870412 | 3353353 | 11800758 | 4851135 | 9736269 |
| **NET ASSETS AT END OF PERIOD** | $4096104 | $3835852 | $13252691 | $5273667 | $9929390 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 495550 | 90225 | 268974 | 357733 | 482734 |
| &nbsp;&nbsp;&nbsp;Units issued | 36456 | 4287 | 6165 | 8979 | 7597 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (121133) | (18827) | (45545) | (46824) | (87814) |
| Units outstanding at end of period | 410873 | 75685 | 229594 | 319888 | 402517 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $334728 | $(28774) | $24045 | $(139836) | $64096 |
| Net realized gains (losses) | 7327888 | 1370651 | 817802 | 1153282 | 797030 |
| Change in unrealized gains (losses) | 1271544 | 659234 | 2050997 | 3081948 | 995219 |
| Increase (decrease) in net assets from operations | 8934160 | 2001111 | 2892844 | 4095394 | 1856345 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 750 |  | 450 | 1870 | 168 |
| Transfers for contract benefits and terminations | (12970270) | (1871156) | (3167692) | (5645029) | (2793602) |
| Contract maintenance charge | (25930) | (18092) | (6481) | (47825) | (5889) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (818971) | (195678) | (1102374) | 250092 | 718005 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (13814421) | (2084926) | (4276097) | (5440892) | (2081318) |
| **INCREASE (DECREASE) IN NET ASSETS** | (4880261) | (83815) | (1383253) | (1345498) | (224973) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 82366678 | 19106280 | 27330313 | 40921610 | 18490484 |
| **NET ASSETS AT END OF PERIOD** | $77486417 | $19022465 | $25947060 | $39576112 | $18265511 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 1098244 | 713547 | 2538186 | 3835442 | 653210 |
| &nbsp;&nbsp;&nbsp;Units issued | 26726 | 9168 | 69450 | 75020 | 48570 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (236655) | (80785) | (438109) | (553486) | (117312) |
| Units outstanding at end of period | 888315 | 641930 | 2169527 | 3356976 | 584468 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(6866) | $28580 | $(2410) | $(49026) | $(71733) |
| Net realized gains (losses) | 966399 | 444612 | 17245 | 432010 | 351504 |
| Change in unrealized gains (losses) | 690700 | (515337) | (25642) | 1826783 | 754012 |
| Increase (decrease) in net assets from operations | 1650233 | (42145) | (10807) | 2209767 | 1033783 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 1950 | 508 |  | 600 |  |
| Transfers for contract benefits and terminations | (2472459) | (1338809) | (94359) | (1295420) | (1524821) |
| Contract maintenance charge | (29256) | (3092) | (2532) | (5578) | (9510) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 3589797 | (114785) | 31407 | (61174) | (83538) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | 1090032 | (1456178) | (65484) | (1361572) | (1617869) |
| **INCREASE (DECREASE) IN NET ASSETS** | 2740265 | (1498323) | (76291) | 848195 | (584086) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 15184818 | 10602580 | 910705 | 14948492 | 7774800 |
| **NET ASSETS AT END OF PERIOD** | $17925083 | $9104257 | $834414 | $15796687 | $7190714 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 514072 | 382770 | 61354 | 440676 | 397635 |
| &nbsp;&nbsp;&nbsp;Units issued | 142709 | 15839 | 5905 | 2503 | 4186 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (98220) | (65846) | (9463) | (38794) | (78477) |
| Units outstanding at end of period | 558561 | 332763 | 57796 | 404385 | 323344 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(27761) | $(89574) | $5391 | $163940 | $86425 |
| Net realized gains (losses) | 179971 | 470296 | (10730) | (338594) |  |
| Change in unrealized gains (losses) | 134822 | 343301 | 11743 | 360698 |  |
| Increase (decrease) in net assets from operations | 287032 | 724023 | 6404 | 186044 | 86425 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 405 | 1815 | 60 | 3114 |  |
| Transfers for contract benefits and terminations | (228936) | (748708) | (67845) | (1653528) | (836305) |
| Contract maintenance charge | (934) | (16710) | (143) | (37267) | (1735) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (74698) | 45994 | (5626) | 809614 | 764439 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (304163) | (717609) | (73554) | (878067) | (73601) |
| **INCREASE (DECREASE) IN NET ASSETS** | (17131) | 6414 | (67150) | (692023) | 12824 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 2015147 | 5399616 | 420590 | 15782864 | 2510333 |
| **NET ASSETS AT END OF PERIOD** | $1998016 | $5406030 | $353440 | $15090841 | $2523157 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 38237 | 104198 | 32233 | 922943 | 222295 |
| &nbsp;&nbsp;&nbsp;Units issued | 144 | 4000 | 1023 | 90974 | 74857 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (5881) | (16255) | (5832) | (141846) | (80813) |
| Units outstanding at end of period | 32500 | 91943 | 27424 | 872071 | 216339 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. High Yield Fund - Series I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $7 | $34812 | $201 | $(104773) | $211152 |
| Net realized gains (losses) |  | (64613) | (4008) | 1582630 | (100705) |
| Change in unrealized gains (losses) |  | 37980 | 4033 | 1168168 | 192299 |
| Increase (decrease) in net assets from operations | 7 | 8179 | 226 | 2646025 | 302746 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  | 334 |  |
| Transfers for contract benefits and terminations | (710) | (377819) | (27016) | (2736742) | (623384) |
| Contract maintenance charge |  | (1373) |  | (56230) | (2298) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (1) | (14919) | (34) | (45508) | (31453) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (711) | (394111) | (27050) | (2838146) | (657135) |
| **INCREASE (DECREASE) IN NET ASSETS** | (704) | (385932) | (26824) | (192121) | (354389) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 778 | 3375179 | 126987 | 20078488 | 5282011 |
| **NET ASSETS AT END OF PERIOD** | $74 | $2989247 | $100163 | $19886367 | $4927622 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 87 | 215968 | 11026 | 483314 | 254401 |
| &nbsp;&nbsp;&nbsp;Units issued |  | 2295 |  | 18600 | 5624 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (79) | (27107) | (2332) | (80869) | (38461) |
| Units outstanding at end of period | 8 | 191156 | 8694 | 421045 | 221564 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $129371 | $(12853) | $(277587) | $(78844) | $(8725) |
| Net realized gains (losses) | (52734) | 76643 | 1557455 | 115832 | 7583 |
| Change in unrealized gains (losses) | 115563 | 112432 | 1986376 | 924183 | 74421 |
| Increase (decrease) in net assets from operations | 192200 | 176222 | 3266244 | 961171 | 73279 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 306 |  | 7766 | 180 |  |
| Transfers for contract benefits and terminations | (258847) | (222247) | (2412210) | (730689) | (109465) |
| Contract maintenance charge | (4400) | (360) | (40895) | (1160) | (331) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 80164 | (15267) | (611675) | (193975) | (30646) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (182777) | (237874) | (3057014) | (925644) | (140442) |
| **INCREASE (DECREASE) IN NET ASSETS** | 9423 | (61652) | 209230 | 35527 | (67163) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 3454246 | 874280 | 16350712 | 6747715 | 539717 |
| **NET ASSETS AT END OF PERIOD** | $3463669 | $812628 | $16559942 | $6783242 | $472554 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 268338 | 26200 | 369379 | 197447 | 20047 |
| &nbsp;&nbsp;&nbsp;Units issued | 11869 | 64 | 8202 | 8570 | 20 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (25892) | (6337) | (68878) | (32244) | (4631) |
| Units outstanding at end of period | 254315 | 19927 | 308703 | 173773 | 15436 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series II** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(9925) | $(122741) | $(42600) | $(49) | $(4) |
| Net realized gains (losses) | 40799 | 574343 | 165343 | 207 | 26 |
| Change in unrealized gains (losses) | 49351 | 315543 | 726160 | 809 | 40 |
| Increase (decrease) in net assets from operations | 80225 | 767145 | 848903 | 967 | 62 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 1740 |  |  |  |
| Transfers for contract benefits and terminations | (43640) | (841519) | (203400) | (144) |  |
| Contract maintenance charge | (687) | (21782) | (949) |  | (1) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 7518 | 2676 | (440721) | (2) | (25) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (36809) | (858885) | (645070) | (146) | (26) |
| **INCREASE (DECREASE) IN NET ASSETS** | 43416 | (91740) | 203833 | 821 | 36 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 719732 | 7545272 | 2928110 | 3111 | 237 |
| **NET ASSETS AT END OF PERIOD** | $763148 | $7453532 | $3131943 | $3932 | $273 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 10519 | 124352 | 63354 | 72 | 3 |
| &nbsp;&nbsp;&nbsp;Units issued | 124 | 4288 | 491 |  |  |
| &nbsp;&nbsp;&nbsp;Units redeemed | (607) | (17421) | (12543) | (3) |  |
| Units outstanding at end of period | 10036 | 111219 | 51302 | 69 | 3 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $3 | $(1) | $232239 | $(16120) | $(40623) |
| Net realized gains (losses) | 1 | 125 | (124385) | 123152 | 621216 |
| Change in unrealized gains (losses) | 5 | (78) | 176710 | 120493 | 214079 |
| Increase (decrease) in net assets from operations | 9 | 46 | 284564 | 227525 | 794672 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  | 120 | 1125 |  |
| Transfers for contract benefits and terminations |  |  | (1049066) | (151183) | (894076) |
| Contract maintenance charge | (1) | (4) | (16171) | (1994) | (9473) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 16 | 93 | 420373 | (13295) | (365176) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | 15 | 89 | (644744) | (165347) | (1268725) |
| **INCREASE (DECREASE) IN NET ASSETS** | 24 | 135 | (360180) | 62178 | (474053) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 167 | 734 | 6191795 | 1606521 | 4696800 |
| **NET ASSETS AT END OF PERIOD** | $191 | $869 | $5831615 | $1668699 | $4222747 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 3 | 21 | 311968 | 51347 | 174511 |
| &nbsp;&nbsp;&nbsp;Units issued |  | 2 | 26897 | 2201 | 3561 |
| &nbsp;&nbsp;&nbsp;Units redeemed |  |  | (59406) | (7073) | (45849) |
| Units outstanding at end of period | 3 | 23 | 279459 | 46475 | 132223 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **LVIP American Century International Fund - Standard Class II** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Service Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(38440) | $(61465) | $13 | $(12387) | $(966) |
| Net realized gains (losses) | (122951) | 758723 | 26 | 149667 | 18101 |
| Change in unrealized gains (losses) | 756925 | (69695) | 45 | 94414 | (1216) |
| Increase (decrease) in net assets from operations | 595534 | 627563 | 84 | 231694 | 15919 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 1800 | 930 |  |  |  |
| Transfers for contract benefits and terminations | (445733) | (741316) |  | (147895) | (32364) |
| Contract maintenance charge | (5002) | (7538) | (5) | (357) | (11) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (98246) | (274791) | 1 | (65794) | (2289) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (547181) | (1022715) | (4) | (214046) | (34664) |
| **INCREASE (DECREASE) IN NET ASSETS** | 48353 | (395152) | 80 | 17648 | (18745) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 2278627 | 5182108 | 7799 | 843710 | 61812 |
| **NET ASSETS AT END OF PERIOD** | $2326980 | $4786956 | $7879 | $861358 | $43067 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 65771 | 200586 | 320 | 17119 | 1521 |
| &nbsp;&nbsp;&nbsp;Units issued | 1043 | 4685 |  | 70 | 9 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (14308) | (41576) |  | (3811) | (710) |
| Units outstanding at end of period | 52506 | 163695 | 320 | 13378 | 820 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT Research Series - Initial Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(6489) | $(881) | $(13520) | $(1071) | $(2233) |
| Net realized gains (losses) | 69250 | 7280 | (19243) | (601) | 38331 |
| Change in unrealized gains (losses) | 72425 | 7586 | 84783 | 5160 | 7519 |
| Increase (decrease) in net assets from operations | 135186 | 13985 | 52020 | 3488 | 43617 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  | 390 |  |  |
| Transfers for contract benefits and terminations | (18930) | (909) | (40051) |  | (85953) |
| Contract maintenance charge | (342) | (11) | (524) | (18) | (74) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 2557 |  | (27393) | 663 | (56) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (16715) | (920) | (67578) | 645 | (86083) |
| **INCREASE (DECREASE) IN NET ASSETS** | 118471 | 13065 | (15558) | 4133 | (42466) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 766098 | 80089 | 1002374 | 71189 | 288922 |
| **NET ASSETS AT END OF PERIOD** | $884569 | $93154 | $986816 | $75322 | $246456 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 22950 | 2373 | 19602 | 2012 | 7971 |
| &nbsp;&nbsp;&nbsp;Units issued | 130 |  | 277 | 33 | 7 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (565) | (25) | (1454) | (15) | (2330) |
| Units outstanding at end of period | 22515 | 2348 | 18425 | 2030 | 5648 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MFS® VIT Research Series - Service Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT II High Yield Portfolio - Initial Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(419) | $16903 | $390 | $416 | $13542 |
| Net realized gains (losses) | 2644 | (5603) | 1410 | 2078 | (2239) |
| Change in unrealized gains (losses) | 3166 | (3098) | 2140 | 3474 | 3727 |
| Increase (decrease) in net assets from operations | 5391 | 8202 | 3940 | 5968 | 15030 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (995) | (76811) | (662) |  | (17894) |
| Contract maintenance charge | (11) | (118) | (15) | (3) | (58) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 2 | 590 | 2849 | (1) | 583 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (1004) | (76339) | 2172 | (4) | (17369) |
| **INCREASE (DECREASE) IN NET ASSETS** | 4387 | (68137) | 6112 | 5964 | (2339) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 32529 | 589174 | 38393 | 61366 | 279399 |
| **NET ASSETS AT END OF PERIOD** | $36916 | $521037 | $44505 | $67330 | $277060 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 934 | 28153 | 842 | 1723 | 11649 |
| &nbsp;&nbsp;&nbsp;Units issued |  | 27 | 59 |  | 25 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (26) | (3599) | (15) |  | (736) |
| Units outstanding at end of period | 908 | 24581 | 886 | 1723 | 10938 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(172868) | $(116168) | $237217 | $(21163) | $(6992) |
| Net realized gains (losses) | (1460901) | (1347326) | (197830) | 4994 | (5475) |
| Change in unrealized gains (losses) | 5246163 | 3821086 | 204208 | 453698 | 129523 |
| Increase (decrease) in net assets from operations | 3612394 | 2357592 | 243595 | 437529 | 117056 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 60 | 1444 | 18 | 180 |  |
| Transfers for contract benefits and terminations | (979665) | (1234459) | (465357) | (807590) | (237784) |
| Contract maintenance charge | (1666) | (28021) | (5020) | (1979) | (6996) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (432543) | (352434) | (18368) | (130374) | (9506) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (1413814) | (1613470) | (488727) | (939763) | (254286) |
| **INCREASE (DECREASE) IN NET ASSETS** | 2198580 | 744122 | (245132) | (502234) | (137230) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 10078619 | 6841429 | 2728610 | 7172142 | 1919379 |
| **NET ASSETS AT END OF PERIOD** | $12277199 | $7585551 | $2483478 | $6669908 | $1782149 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 207898 | 149732 | 114160 | 336308 | 56136 |
| &nbsp;&nbsp;&nbsp;Units issued | 3134 | 4844 | 5646 | 6849 | 887 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (29251) | (39141) | (24312) | (46822) | (7798) |
| Units outstanding at end of period | 181781 | 115435 | 95494 | 296335 | 49225 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(440987) | $(171229) | $(2711456) | $(732761) | $(28) |
| Net realized gains (losses) | (405798) | (126853) | (14993083) | (5199873) | 107 |
| Change in unrealized gains (losses) | 2720702 | 812477 | 93105857 | 21824427 | 242 |
| Increase (decrease) in net assets from operations | 1873917 | 514395 | 75401318 | 15891793 | 321 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 628 | 1500 | 4275 |  |  |
| Transfers for contract benefits and terminations | (3585931) | (1110005) | (15841788) | (5258153) | (813) |
| Contract maintenance charge | (8194) | (12543) | (55436) | (56804) | (8) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (380640) | (185980) | (4773875) | (1639685) | 3 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (3974137) | (1307028) | (20666824) | (6954642) | (818) |
| **INCREASE (DECREASE) IN NET ASSETS** | (2100220) | (792633) | 54734494 | 8937151 | (497) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 32192199 | 9853578 | 184070916 | 40761764 | 1794 |
| **NET ASSETS AT END OF PERIOD** | $30091979 | $9060945 | $238805410 | $49698915 | $1297 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 1642363 | 576370 | 4822648 | 2443446 | 37 |
| &nbsp;&nbsp;&nbsp;Units issued | 42252 | 10903 | 47407 | 33809 |  |
| &nbsp;&nbsp;&nbsp;Units redeemed | (259839) | (83016) | (483658) | (380771) | (15) |
| Units outstanding at end of period | 1424776 | 504257 | 4386397 | 2096484 | 22 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(618) | $1208 | $11827 | $15 | $16035 |
| Net realized gains (losses) | 2440 | (27622) | (3600) |  | (24226) |
| Change in unrealized gains (losses) | 7585 | 33820 | 5619 | 14 | 14074 |
| Increase (decrease) in net assets from operations | 9407 | 7406 | 13846 | 29 | 5883 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| Transfers for contract benefits and terminations | (18887) | (28353) | (6023) |  | (132807) |
| Contract maintenance charge | (7) | (1234) | (823) | (3) | (6190) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 18887 | 20579 | (2539) | 84 | 48709 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (7) | (9008) | (9385) | 81 | (90288) |
| **INCREASE (DECREASE) IN NET ASSETS** | 9400 | (1602) | 4461 | 110 | (84405) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 39445 | 322067 | 250343 | 730 | 2055681 |
| **NET ASSETS AT END OF PERIOD** | $48845 | $320465 | $254804 | $840 | $1971276 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 2540 | 49115 | 15403 | 40 | 152328 |
| &nbsp;&nbsp;&nbsp;Units issued |  | 3521 | 215 | 4 | 11191 |
| &nbsp;&nbsp;&nbsp;Units redeemed |  | (4768) | (803) |  | (18030) |
| Units outstanding at end of period | 2540 | 47868 | 14815 | 44 | 145489 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $92002 | $10 | $(314782) | $385121 | $1706 |
| Net realized gains (losses) | (169990) |  | 3818610 | (500751) | 81695 |
| Change in unrealized gains (losses) | 103907 | (5) | 5605549 | 470054 | 630578 |
| Increase (decrease) in net assets from operations | 25919 | 5 | 9109377 | 354424 | 713979 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  |  | 6260 | 1301 | 8542 |
| Transfers for contract benefits and terminations | (883970) |  | (4798072) | (936663) | (662781) |
| Contract maintenance charge | (13371) | (1) | (69937) | (13228) | (19174) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 214960 | (1) | (592411) | 270067 | (52387) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (682381) | (2) | (5454160) | (678523) | (725800) |
| **INCREASE (DECREASE) IN NET ASSETS** | (656462) | 3 | 3655217 | (324099) | (11821) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 4538594 | 379 | 38355651 | 8562425 | 5272074 |
| **NET ASSETS AT END OF PERIOD** | $3882132 | $382 | $42010868 | $8238326 | $5260253 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 321066 | 23 | 1244250 | 459382 | 365516 |
| &nbsp;&nbsp;&nbsp;Units issued | 17707 |  | 16963 | 35565 | 9359 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (66094) |  | (172163) | (73176) | (59398) |
| Units outstanding at end of period | 272679 | 23 | 1089050 | 421771 | 315477 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $36428 | $(105483) | $83400 | $(164625) | $796117 |
| Net realized gains (losses) | (124208) | 1579021 | 419686 | 1260470 |  |
| Change in unrealized gains (losses) | 357498 | 3530365 | 1202713 | (897022) |  |
| Increase (decrease) in net assets from operations | 269718 | 5003903 | 1705799 | 198823 | 796117 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 1505 | 1700 | 54 | 11488 | 9794 |
| Transfers for contract benefits and terminations | (1563477) | (4942091) | (1958611) | (2386499) | (8159979) |
| Contract maintenance charge | (26244) | (67946) | (25954) | (38711) | (93707) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (64298) | 613819 | 181162 | (177867) | 12248462 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (1652514) | (4394518) | (1803349) | (2591589) | 4004570 |
| **INCREASE (DECREASE) IN NET ASSETS** | (1382796) | 609385 | (97550) | (2392766) | 4800687 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 13215300 | 35148633 | 12236228 | 17522530 | 27372693 |
| **NET ASSETS AT END OF PERIOD** | $11832504 | $35758018 | $12138678 | $15129764 | $32173380 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 779306 | 1389930 | 466015 | 381012 | 2979312 |
| &nbsp;&nbsp;&nbsp;Units issued | 15669 | 43748 | 12247 | 6005 | 1358338 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (115930) | (201554) | (76116) | (59847) | (938847) |
| Units outstanding at end of period | 679045 | 1232124 | 402146 | 327170 | 3398803 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT High Yield Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $481978 | $1021764 | $231537 | $66339 | $(1592000) |
| Net realized gains (losses) | (299945) | (1802978) | 468513 | 79642 | 11497138 |
| Change in unrealized gains (losses) | 486697 | 973791 | (85993) | 95941 | 19192991 |
| Increase (decrease) in net assets from operations | 668730 | 192577 | 614057 | 241922 | 29098129 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 1073 | 1143 | 7898 | 7840 | 21277 |
| Transfers for contract benefits and terminations | (1828332) | (4245270) | (4288930) | (674070) | (12635852) |
| Contract maintenance charge | (25043) | (57126) | (60764) | (12712) | (184191) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 47350 | 854093 | 554840 | (143714) | (1431485) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (1804952) | (3447160) | (3786956) | (822656) | (14230251) |
| **INCREASE (DECREASE) IN NET ASSETS** | (1136222) | (3254583) | (3172899) | (580734) | 14867878 |
| **NET ASSETS AT BEGINNING OF PERIOD** | 11590566 | 25953425 | 36672027 | 6302168 | 97743296 |
| **NET ASSETS AT END OF PERIOD** | $10454344 | $22698842 | $33499128 | $5721434 | $112611174 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 432421 | 1585734 | 2056215 | 332012 | 3994520 |
| &nbsp;&nbsp;&nbsp;Units issued | 20176 | 103770 | 76670 | 8605 | 79821 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (85053) | (306835) | (264601) | (48641) | (579584) |
| Units outstanding at end of period | 367544 | 1382669 | 1868284 | 291976 | 3494757 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(434236) | $287597 | $(197125) | $(41777) | $(119590) |
| Net realized gains (losses) | 13313203 | (562873) | 2122391 | 117829 | 769334 |
| Change in unrealized gains (losses) | 9027153 | 463738 | 2306782 | 491974 | 279742 |
| Increase (decrease) in net assets from operations | 21906120 | 188462 | 4232048 | 568026 | 929486 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits | 17287 | 605 | 7424 |  | 3270 |
| Transfers for contract benefits and terminations | (18497218) | (962743) | (2689665) | (427952) | (2709411) |
| Contract maintenance charge | (243585) | (12149) | (37825) | (8134) | (26454) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (1149193) | 180373 | (212981) | (193850) | (55) |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (19872709) | (793914) | (2933047) | (629936) | (2732650) |
| **INCREASE (DECREASE) IN NET ASSETS** | 2033411 | (605452) | 1299001 | (61910) | (1803164) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 130291097 | 5490279 | 18259146 | 2893972 | 22209554 |
| **NET ASSETS AT END OF PERIOD** | $132324508 | $4884827 | $19558147 | $2832062 | $20406390 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 2788701 | 366219 | 489176 | 57204 | 457294 |
| &nbsp;&nbsp;&nbsp;Units issued | 94344 | 22837 | 13790 | 1455 | 15005 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (439945) | (73997) | (80506) | (12540) | (65851) |
| Units outstanding at end of period | 2443100 | 315059 | 422460 | 46119 | 406448 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | | | | | |
| Net investment income (loss) | $(65768) | $(870927) | $79064 | $143165 | $(7234) |
| Net realized gains (losses) | 55595 | 4233422 | (10647) | 163669 | (19771) |
| Change in unrealized gains (losses) | 616023 | 10360105 | 131633 | (691160) | (35841) |
| Increase (decrease) in net assets from operations | 605850 | 13722600 | 200050 | (384326) | (62846) |
| **INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |  |  |  |  |
| Deposits |  | 49077 | 850 | 4211 |  |
| Transfers for contract benefits and terminations | (778193) | (8387293) | (352582) | (2631983) | (61150) |
| Contract maintenance charge | (11392) | (160762) | (10546) | (30931) | (482) |
| Transfers among the sub-accounts and with the |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | (118735) | (1253704) | 137593 | 609553 | 35515 |
| Increase (decrease) in net assets from contract |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;transactions | (908320) | (9752682) | (224685) | (2049150) | (26117) |
| **INCREASE (DECREASE) IN NET ASSETS** | (302470) | 3969918 | (24635) | (2433476) | (88963) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 4608168 | 67227926 | 3476288 | 19329982 | 504516 |
| **NET ASSETS AT END OF PERIOD** | $4305698 | $71197844 | $3451653 | $16896506 | $415553 |
| **UNITS OUTSTANDING** |  |  |  |  |  |
| Units outstanding at beginning of period | 90371 | 2054472 | 96243 | 963641 | 21412 |
| &nbsp;&nbsp;&nbsp;Units issued | 5970 | 21893 | 5529 | 56591 | 2606 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (21800) | (274883) | (11356) | (151423) | (3810) |
| Units outstanding at end of period | 74541 | 1801482 | 90416 | 868809 | 20208 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**STATEMENTS OF CHANGES IN NET ASSETS**

**For the Year Ended December 31, 2024**

---

| | |
|:---|:---|
| | **Templeton Growth VIP Fund - Class 2** |
| **INCREASE (DECREASE) IN NET ASSETS** | |
| &nbsp;&nbsp;&nbsp;**FROM OPERATIONS** | |
| Net investment income (loss) | $(1443) |
| Net realized gains (losses) | 3896 |
| Change in unrealized gains (losses) | 10234 |
| Increase (decrease) in net assets from operations | 12687 |
| **INCREASE (DECREASE) IN NET ASSETS** |  |
| &nbsp;&nbsp;&nbsp;**FROM CONTRACT TRANSACTIONS** |  |
| Deposits |  |
| Transfers for contract benefits and terminations | (30184) |
| Contract maintenance charge | (122) |
| Transfers among the sub-accounts and with the |  |
| &nbsp;&nbsp;&nbsp;Fixed Account - net | 2742 |
| Increase (decrease) in net assets from contract |  |
| &nbsp;&nbsp;&nbsp;transactions | (27564) |
| **INCREASE (DECREASE) IN NET ASSETS** | (14877) |
| **NET ASSETS AT BEGINNING OF PERIOD** | 309109 |
| **NET ASSETS AT END OF PERIOD** | $294232 |
| **UNITS OUTSTANDING** |  |
| Units outstanding at beginning of period | 11692 |
| &nbsp;&nbsp;&nbsp;Units issued | 96 |
| &nbsp;&nbsp;&nbsp;Units redeemed | (1033) |
| Units outstanding at end of period | 10755 |

---

See notes to financial statements.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

**1. Organization**

On January 26, 2021, Allstate Insurance Company entered into a purchase agreement with Everlake US Holdings Company (formerly Antelope US Holdings Company), an affiliate of an investment fund managed by Blackstone Inc. to sell Everlake Life Insurance Company ("ELIC", formerly known as Allstate Life Insurance Company) and certain affiliates. The necessary state regulatory approvals were received on October 29, 2021, and the sale of ELIC and certain affiliates was completed on November 1, 2021, at which time Everlake US Holdings Company became the parent of Allstate Life Insurance Company ("ALIC"). Subsequently, Allstate Life Insurance Company was renamed Everlake Life Insurance Company. The transaction had no impact on the obligations towards the contractholders of Everlake Financial Advisors Separate Account I.

Everlake Financial Advisors Separate Account I (the "Account", formerly known as Allstate Financial Advisors Separate Account I), a unit investment trust registered with the Securities and Exchange Commission under the Investment Company Act of 1940, is a Separate Account of ELIC. The assets of the Account are legally segregated from those of ELIC. These financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP").

The assets within the Account are legally segregated from each other into sub-accounts (the "sub-accounts"). On June 1, 2006, ALIC completed the disposal of substantially all of its variable annuity business through a combination of coinsurance and modified coinsurance reinsurance, and administrative services agreements with subsidiaries of Prudential Financial, Inc. ("Prudential"). Prudential is responsible for servicing the individual annuity contracts, including those of the Account. The reinsurance agreements do not extinguish ELIC's contractual obligations to the contractholders. ELIC continues to be responsible for all contract terms and conditions. The obligations of Prudential under the reinsurance and administrative agreements are to ELIC.

ELIC issued the following variable annuity contracts through the Account (collectively the "Contracts"). The Account accepts additional deposits from existing contractholders, but is closed to new contractholders.

AIM Lifetime America Variable Annuity Series (Classic, Freedom, and Regal)

AIM Lifetime Enhanced ChoiceSM Variable Annuity

AIM Lifetime PlusSM Variable Annuity

AIM Lifetime PlusSM II Variable Annuity

Allstate Advisor Variable Annuity (Base, Plus, and Preferred)

Allstate Advisor (STI) Variable Annuity (Base and Preferred)

Allstate Personal Retirement Manager

Allstate Provider Variable Annuity Series (Base, Advantage, Extra, and Ultra)

Allstate Retirement Access VA B Series

Allstate Retirement Access VA L Series

Allstate Retirement Access VA X Series

Allstate Variable Annuity (Base and L-Share)

Morgan Stanley Variable Annuity II

Morgan Stanley Variable Annuity II Asset Manager

Morgan Stanley Variable Annuity 3

Morgan Stanley Variable Annuity 3 Asset Manager

Preferred Client Variable Annuity

Putnam Allstate Advisor Variable Annuity (Base, Plus, Preferred, and Apex)

Scudder Horizon Advantage Variable Annuity

Select Directions Variable Annuity

STI Classic Variable Annuity

Absent any Contract provisions wherein ELIC contractually guarantees either a minimum return or account value upon death or annuitization, variable annuity contractholders bear the investment risk that the sub-accounts may not meet their stated investment objectives. The sub-account names listed below correspond to the mutual fund portfolios ("Fund" or "Funds") in which they invest:

---

| | |
|:---|:---|
| Alliance Bernstein VPS Discovery Value Portfolio - Class B | AST Bond Portfolio 2027 |
| Alliance Bernstein VPS International Value Portfolio - Class B | AST Bond Portfolio 2028\* |
| Alliance Bernstein VPS Large Cap Growth Portfolio - Class B | AST Bond Portfolio 2029\* |
| Alliance Bernstein VPS Relative Value Portfolio - Class B | AST Bond Portfolio 2030 |
| AST Aggressive Asset Allocation Portfolio | AST Bond Portfolio 2031 |
| AST Balanced Asset Allocation Portfolio | AST Bond Portfolio 2032 |
| AST Bond Portfolio 2025 | AST Bond Portfolio 2033\* |
| AST Bond Portfolio 2026 | AST Bond Portfolio 2034\* |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| AST Bond Portfolio 2035\* | Fidelity® VIP Mid Cap Portfolio - Service Class 2 |
| AST Bond Portfolio 2036 | Fidelity® VIP Overseas Portfolio - Initial Class |
| AST ClearBridge Dividend Growth Portfolio | Fidelity® VIP Overseas Portfolio - Service Class 2\* |
| AST Cohen & Steers Realty Portfolio | Franklin DynaTech VIP Fund - Class 2 |
| AST Core Fixed Income Portfolio | Franklin Growth and Income VIP Fund - Class 2 |
| AST Emerging Markets Equity Portfolio | Franklin Income VIP Fund - Class 2 |
| AST Global Bond Portfolio | Franklin Large Cap Growth VIP Fund - Class 2 |
| AST Government Money Market Portfolio | Franklin Mutual Global Discovery VIP Fund - Class 2 |
| AST High Yield Portfolio | Franklin Mutual Shares VIP Fund - Class 2 |
| AST International Equity Portfolio | Franklin Small Cap Value VIP Fund - Class 2 |
| AST Investment Grade Bond Portfolio | Franklin Small-Mid Cap Growth VIP Fund - Class 2 |
| AST J.P. Morgan Conservative Multi-Asset Portfolio | Franklin U.S. Government Securities VIP Fund - Class 2 |
| AST J.P. Morgan Moderate Multi-Asset Portfolio | Goldman Sachs VIT International Equity Insights Fund - Institutional Class\* |
| AST Large-Cap Equity Portfolio | Goldman Sachs VIT Large Cap Value Fund - Institutional Class |
| AST Large-Cap Growth Portfolio | Goldman Sachs VIT Mid Cap Value Fund - Institutional Class |
| AST Large-Cap Value Portfolio | Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class |
| AST MFS Global Equity Portfolio | Goldman Sachs VIT Strategic Growth Fund - Institutional Class |
| AST Multi-Asset Diversified Plus Portfolio | Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class |
| AST Multi-Asset Diversified Portfolio | Invesco V.I. American Franchise Fund - Series I |
| AST PGIM Aggressive Multi-Asset Portfolio | Invesco V.I. American Franchise Fund - Series II |
| AST Preservation Asset Allocation Portfolio | Invesco V.I. American Value Fund - Series I |
| AST Quantitative Modeling Portfolio\* | Invesco V.I. American Value Fund - Series II |
| AST Small-Cap Equity Portfolio | Invesco V.I. Comstock Fund - Series I |
| AST T. Rowe Price Natural Resources Portfolio | Invesco V.I. Comstock Fund - Series II |
| BNY Mellon Stock Index Fund, Inc. | Invesco V.I. Core Equity Fund - Series I |
| BNY Mellon Sustainable U.S. Equity Portfolio, Inc.\* | Invesco V.I. Core Equity Fund - Series II |
| BNY Mellon VIF, Government Money Market Portfolio | Invesco V.I. Core Plus Bond Fund - Series I |
| BNY Mellon VIF, Growth and Income Portfolio - Initial Shares | Invesco V.I. Core Plus Bond Fund - Series II |
| DWS Capital Growth VIP - Class A | Invesco V.I. Discovery Large Cap Fund - Series I |
| DWS Core Equity VIP - Class A | Invesco V.I. Discovery Large Cap Fund - Series II |
| DWS CROCI® International VIP - Class A | Invesco V.I. Discovery Mid Cap Growth Fund - Series I |
| DWS Global Income Builder VIP - Class A | Invesco V.I. Discovery Mid Cap Growth Fund - Series II |
| DWS Global Small Cap VIP - Class A | Invesco V.I. Diversified Dividend Fund - Series I |
| DWS Government Money Market VIP - Class A | Invesco V.I. Diversified Dividend Fund - Series II |
| DWS Small Mid Cap Growth VIP - Class A | Invesco V.I. Equally-Weighted S&P 500 Fund - Series I |
| Federated Hermes Government Money Fund II | Invesco V.I. Equally-Weighted S&P 500 Fund - Series II |
| Fidelity® VIP Asset Manager 70% Portfolio - Service Class 2\* | Invesco V.I. Equity and Income Fund - Series I |
| Fidelity® VIP Contrafund℠ Portfolio - Initial Class | Invesco V.I. Equity and Income Fund - Series II |
| Fidelity® VIP Contrafund℠ Portfolio - Service Class 2 | Invesco V.I. EQV International Equity Fund - Series I |
| Fidelity® VIP Equity-Income Portfolio℠ - Initial Class | Invesco V.I. EQV International Equity Fund - Series II |
| Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2 | Invesco V.I. Global Core Equity Fund - Series I |
| Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2 | Invesco V.I. Global Core Equity Fund - Series II |
| Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2 | Invesco V.I. Global Fund - Series I |
| Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2 | Invesco V.I. Global Fund - Series II |
| Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2 | Invesco V.I. Global Strategic Income Fund - Series I |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | Invesco V.I. Global Strategic Income Fund - Series II |
| Fidelity® VIP Government Money Market Portfolio - Service Class 2 | Invesco V.I. Government Money Market Fund - Series I |
| Fidelity® VIP Growth & Income Portfolio - Service Class 2 | Invesco V.I. Government Money Market Fund - Series II |
| Fidelity® VIP Growth Opportunities Portfolio - Service Class 2 | Invesco V.I. Government Securities Fund - Series I |
| Fidelity® VIP Growth Portfolio - Initial Class | Invesco V.I. Government Securities Fund - Series II |
| Fidelity® VIP Growth Portfolio - Service Class 2 | Invesco V.I. Growth and Income Fund - Series II |
| Fidelity® VIP High Income Portfolio - Initial Class | Invesco V.I. High Yield Fund - Series I |
| Fidelity® VIP High Income Portfolio - Service Class 2 | Invesco V.I. High Yield Fund - Series II |
| Fidelity® VIP Index 500 Portfolio - Initial Class | Invesco V.I. International Growth Fund - Series II\* |
| Fidelity® VIP Index 500 Portfolio - Service Class 2 | Invesco V.I. Main Street Fund® - Series I |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | Invesco V.I. Main Street Fund® - Series II |
| Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2 | Invesco V.I. Main Street Mid Cap Fund® - Series I |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| Invesco V.I. Main Street Mid Cap Fund® - Series II | PIMCO VIT Real Return Portfolio - Advisor Class |
| Invesco V.I. Main Street Small Cap Fund® - Series I | PIMCO VIT Total Return Portfolio - Advisor Class |
| Invesco V.I. Main Street Small Cap Fund® - Series II | PIMCO VIT Total Return Portfolio - Institutional Class |
| Invesco V.I. Technology Fund - Series I | ProFund VP Communication Services\* |
| Invesco V.I. Technology Fund - Series II | ProFund VP Consumer Discretionary\* |
| Janus Henderson VIT Forty Portfolio - Institutional Shares\* | ProFund VP Consumer Staples\* |
| Janus Henderson VIT Global Research Portfolio - Service Shares\* | ProFund VP Financials\* |
| Janus Henderson VIT Overseas Portfolio - Service Shares\* | ProFund VP Health Care\* |
| Lazard Retirement Emerging Markets Equity Portfolio - Service Shares\* | ProFund VP Industrials\* |
| Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I\* | ProFund VP Large-Cap Growth\* |
| Lord Abbett Bond Debenture Portfolio - Class VC | ProFund VP Large-Cap Value\* |
| Lord Abbett Fundamental Equity Portfolio - Class VC | ProFund VP Mid-Cap Growth\* |
| Lord Abbett Growth and Income Portfolio - Class VC | ProFund VP Mid-Cap Value\* |
| Lord Abbett Growth Opportunities Portfolio - Class VC | ProFund VP Real Estate\* |
| Lord Abbett Mid Cap Stock Portfolio - Class VC | ProFund VP Small-Cap Growth\* |
| LVIP American Century Balanced Fund - Standard Class II \* | ProFund VP Small-Cap Value\* |
| LVIP American Century International Fund - Standard Class II | ProFund VP Utilities\* |
| MFS® VIT Growth Series - Initial Class | Putnam VT Core Equity Fund - Class IB |
| MFS® VIT Growth Series - Service Class | Putnam VT Diversified Income Fund - Class IB |
| MFS® VIT Investors Trust Series - Initial Class | Putnam VT Emerging Markets Equity Fund - Class IB |
| MFS® VIT Investors Trust Series - Service Class | Putnam VT Focused International Equity Fund - Class IB |
| MFS® VIT New Discovery Series - Initial Class | Putnam VT George Putnam Balanced Fund - Class IB |
| MFS® VIT New Discovery Series - Service Class | Putnam VT Global Asset Allocation Fund - Class IB |
| MFS® VIT Research Series - Initial Class | Putnam VT Global Health Care Fund - Class IB |
| MFS® VIT Research Series - Service Class | Putnam VT Government Money Market Fund - Class IB |
| MFS® VIT Total Return Bond Series - Initial Class | Putnam VT High Yield Fund - Class IB |
| MFS® VIT Utilities Series - Initial Class | Putnam VT Income Fund - Class IB |
| MFS® VIT Utilities Series - Service Class | Putnam VT International Equity Fund - Class IB |
| MFS® VIT II High Yield Portfolio - Initial Class | Putnam VT International Value Fund - Class IB |
| Morgan Stanley VIF Discovery Portfolio - Class I | Putnam VT Large Cap Growth Fund - Class IB |
| Morgan Stanley VIF Discovery Portfolio - Class II | Putnam VT Large Cap Value Fund - Class IB |
| Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II | Putnam VT Mortgage Securities Fund - Class IB |
| Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I | Putnam VT Research Fund - Class IB |
| Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II | Putnam VT Small Cap Growth Fund - Class IB |
| Morgan Stanley VIF Global Strategist Portfolio - Class I | Putnam VT Small Cap Value Fund - Class IB |
| Morgan Stanley VIF Global Strategist Portfolio - Class II | Putnam VT Sustainable Future Fund - Class IB |
| Morgan Stanley VIF Growth Portfolio - Class I | Putnam VT Sustainable Leaders Fund - Class IB |
| Morgan Stanley VIF Growth Portfolio - Class II | Rydex VT NASDAQ-100® Fund\* |
| Neuberger Berman AMT Mid Cap Growth Portfolio - Class I | Templeton Developing Markets VIP Fund - Class 2 |
| Neuberger Berman AMT Quality Equity Portfolio - Class I | Templeton Foreign VIP Fund - Class 2 |
| PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class | Templeton Global Bond VIP Fund - Class 2 |
| PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class | Templeton Growth VIP Fund - Class 2 |
| PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - <br> Institutional Class |  |
| <sup>(\*)</sup> Sub-account was available, but had no net assets as of December 31, 2025. | <sup>(\*)</sup> Sub-account was available, but had no net assets as of December 31, 2025. |

---

The net assets are affected by the investment results of each Fund, transactions by contractholders and certain contract expenses (see Note 5). Contractholders' interests consist of units of the sub-account. The accompanying financial statements include only contractholders' purchase payments applicable to the variable portions of their contracts and exclude any purchase payments directed by the contractholder to the Fixed Account in which the contractholders' deposits are included in the ELIC general account assets and earn a fixed rate of return.

A contractholder may choose from among a number of different underlying Fund options. The underlying Funds are not available to the general public directly. These Funds are available as investment options in variable annuity contracts or variable life insurance policies issued by life insurance companies, or in certain cases, through participation in certain qualified pension or retirement plans.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

Some of these underlying Funds have been established by investment advisers that manage publicly traded mutual funds that have similar names and investment objectives. While some of the underlying Funds may be similar to and may in fact be modeled after publicly traded mutual funds, the underlying Funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying Funds may differ substantially.

The Separate Account is engaged in a single line of business as a registered unit investment trust and is divided into various subaccounts for variable annuity contracts with the assets owned by the contract owners. Each subaccount of the Separate Account constitutes a single operating segment and therefore, a single reportable segment because the Chief Operating Decision Maker ("CODM") manages the activities of the Separate Account using information of each subaccount. The accounting policies of the Separate Account's segments are the same as those described in the summary of significant accounting policies (see Note 3).

The Separate Account has identified the Chief Executive Officer of ELIC as the CODM as the Separate Account does not have employees and is not a separate legal entity. The CODM uses increase (decrease) in net assets resulting from operations as their performance measure in order to make operational decisions while monitoring the net assets of each of the subaccounts within the Separate Account. The measure of segment assets is reported on the Statements of Net Assets as Total Net Assets. Refer to the Statements of Operations and Changes in Net Assets, Financial Highlights and the related footnotes for each subaccount's operating segment results. All assets and revenue are generated in the U.S. and there is no customer greater than 10% of the results for all periods presented.

***Subsequent Event*** - Subsequent events were evaluated through April 6, 2026.

**2. Portfolio Changes**

The operations of the following sub-accounts were affected by the following changes that occurred during the years ended December 31, 2025 and 2024.

The following sub-account was launched during the year ended December 31, 2025:

---

| | |
|:---|:---|
| **Date:** | **Fund name:** |
| January 2, 2025 | AST Bond Portfolio 2036 |

---

The following sub-account was launched during the year ended December 31, 2024:

---

| | |
|:---|:---|
| **Date:** | **Fund name:** |
| January 2, 2024 | AST Bond Portfolio 2035 |

---

The following sub-account was liquidated during the year ended December 31, 2025:

---

| | |
|:---|:---|
| **Date:** | **Fund name:** |
| December 31, 2025 | AST Bond Portfolio 2025 |

---

The following sub-accounts were liquidated during the year ended December 31, 2024:

---

| | |
|:---|:---|
| **Date:** | **Fund name:** |
| January 2, 2024 | AST Bond Portfolio 2023 |
| December 6, 2024 | Morgan Stanley VIF Global Infrastructure Portfolio - Class I |
| December 6, 2024 | Morgan Stanley VIF Global Infrastructure Portfolio - Class II |
| December 6, 2024 | Morgan Stanley VIF U.S. Real Estate Portfolio - Class I |
| December 6, 2024 | Morgan Stanley VIF U.S. Real Estate Portfolio - Class II |
| December 31, 2024 | AST Bond Portfolio 2024 |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

Below listed are the sub-accounts ("Merged from") that merged into another sub-account ("Merged to") on the effective merger date. Accordingly, all of the assets of the Merged from sub-account were transferred in exchange for shares of the Merged to sub-account for units of equal aggregate value and the Merged to sub-account's assumption of all of the current and future liabilities of the Merged from sub-account effective on the merger date. The Merged from sub-account ceases operations from the effective merger date.

---

| | | |
|:---|:---|:---|
| **Merger date:** | **Merged from:** | **Merged to:** |
| January 10, 2025 | AST Emerging Markets Equity Portfolio | AST International Equity Portfolio |
| January 24, 2025 | AST T. Rowe Price Natural Resources Portfolio | AST Large-Cap Equity Portfolio |
| January 24, 2025 | AST MFS Global Equity Portfolio | AST Large-Cap Equity Portfolio |
| January 24, 2025 | AST ClearBridge Dividend Growth Portfolio | AST Large-Cap Equity Portfolio |
| January 24, 2025 | AST Cohen & Steers Realty Portfolio | AST Large-Cap Equity Portfolio |
| February 7, 2025 | AST High Yield Portfolio | AST Core Fixed Income Portfolio |
| February 7, 2025 | AST Global Bond Portfolio | AST Core Fixed Income Portfolio |
| April 26, 2024 | Invesco V.I. Conservative Balanced Fund - Series I | Invesco V.I. Equity and Income Fund - Series I |
| April 26, 2024 | Invesco V.I. Conservative Balanced Fund - Series II | Invesco V.I. Equity and Income Fund - Series II |
| December 6, 2024 | AST T. Rowe Price Asset Allocation Portfolio | AST Balanced Asset Allocation Portfolio |
| December 13, 2024 | AST Small-Cap Value Portfolio | AST Small-Cap Equity Portfolio |
| December 13, 2024 | AST Mid-Cap Growth Portfolio | AST Large-Cap Growth Portfolio |
| December 13, 2024 | AST Mid-Cap Value Portfolio | AST Large-Cap Value Portfolio |

---

The following sub-account changes occurred during the year ended December 31, 2025:

---

| | |
|:---|:---|
| **New fund name:** | **Old fund name:** |
| AST Aggressive Asset Allocation Portfolio | AST Capital Growth Asset Allocation Portfolio |
| AST Large-Cap Equity Portfolio | AST Large-Cap Core Portfolio |
| AST Multi-Asset Diversified Plus Portfolio | AST Academic Strategies Asset Allocation Portfolio |
| AST Multi-Asset Diversified Portfolio | AST Advanced Strategies Portfolio |
| AST PGIM Aggressive Multi-Asset Portfolio | AST Prudential Growth Allocation Portfolio |
| Fidelity® VIP Asset Manager 70% Portfolio - Service Class 2 | Fidelity® VIP Asset Manager Growth Portfolio - Service Class 2 |
| Invesco V.I. Discovery Large Cap Fund - Series I | Invesco V.I. Capital Appreciation Fund - Series I |
| Invesco V.I. Discovery Large Cap Fund - Series II | Invesco V.I. Capital Appreciation Fund - Series II |
| Invesco V.I. International Growth Fund - Series II | Invesco Oppenheimer V.I. International Growth Fund - Series II |
| Neuberger Berman AMT Quality Equity Portfolio - Class I | Neuberger Berman AMT Sustainable Equity Portfolio - Class I |

---

The following sub-account name changes occurred during the year ended December 31, 2024:

---

| | |
|:---|:---|
| **New fund name:** | **Old fund name:** |
| AST J.P. Morgan Conservative Multi-Asset Portfolio | AST J.P. Morgan Tactical Preservation Portfolio |
| AST Small-Cap Equity Portfolio | AST Small-Cap Growth Portfolio |
| AST J.P. Morgan Moderate Multi-Asset Portfolio | AST J.P. Morgan Global Thematic Portfolio |
| LVIP American Century International Fund - Standard Class II | American Century VP International Class I |
| LVIP American Century Balanced Fund - Standard Class II | American Century VP Balanced - Class I |

---

**3. Summary of Significant Accounting Policies**

The Account is an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards Codification Topic 946 - Investment Companies, which is part of GAAP.

***Investments*** - Investments consist of shares of the Funds and are stated at fair value based on the reported net asset value of each corresponding Fund, which in turn value their investment securities at fair value. The difference between cost and fair value of shares owned on the day of measurement is recorded as unrealized gain or loss on investments.

***Dividends*** - Dividends declared by the Funds are recognized on the ex-dividend date.

***Net Realized Gains and Losses*** - Net realized gains and losses on Fund shares represent the difference between the proceeds from sales of shares of the Funds by the sub-accounts and the cost of such shares, which is determined on a weighted average basis, and

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

realized gain distributions received from the underlying Funds. Transactions are recorded on a trade date basis. Distributions of net realized gains are recorded on the Funds' ex-distribution date.

***Federal Income Taxes*** - The Account intends to qualify as a segregated asset account as defined by the Internal Revenue Code of 1986 ("Code"). In order to qualify as a segregated asset account, each sub-account is required to satisfy the diversification requirements of Section 817(h) of the Code. The Code provides that the "adequately diversified" requirement may be met if the underlying investments satisfy either the statutory safe harbor test or diversification requirements set forth in regulations issued by the Secretary of the Treasury. The operations of the Account are included in the tax return of ELIC. ELIC is taxed as a life insurance company under the Code. ELIC joins its subsidiaries ELIC Reinsurance Company and Everlake Assurance Company in the filing of a consolidated federal income tax return. No income taxes are allocable to the Account. The Account had no liability for unrecognized tax benefits as of December 31, 2025 and believes that the unrecognized tax benefits balance will not materially change within the next twelve months.

***Use of Estimates*** - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported at the date of the financial statements and reported amounts of increases and decreases in net assets resulting from operations. Actual results could differ from those estimates.

***Contracts in payout (annuitization) period*** - Net assets allocated to contracts in the payout period are computed according to the industry standard mortality tables, depending on the annuitization date. The assumed investment return varies by contract but falls within a minimum of 3.00% and a 6.00% maximum. The mortality risk is fully borne by ELIC and may result in additional amounts being transferred into the Account by ELIC to cover greater longevity of annuitants than expected. A receivable is established for amounts due to the sub-accounts from ELIC but not yet received. Conversely, if amounts allocated exceed amounts required, transfers may be made to ELIC. A payable is established for amounts payable to ELIC from the sub-accounts but not yet paid. The changes in mortality risks are included in "Transfers for contract benefits and terminations" on the Statements of Changes in Net Assets and in "Contracts in payout (annuitization) period" in the Statements of Net Assets.

**4. Fair Value Measurements**

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The hierarchy for inputs used in determining fair value maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Assets recorded on the Statements of Net Assets at fair value are categorized in the fair value hierarchy based on the observability of inputs to the valuation techniques as follows:

*Level 1:* Assets whose values are based on unadjusted quoted prices for identical assets in an active market that the account can access.

*Level 2:* Assets whose values are based on the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Quoted prices for similar assets in active markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Quoted prices for identical or similar assets in markets that are not active; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;asset.

*Level 3:* Assets whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Unobservable inputs reflect the Account's estimates of the assumptions that market participants would use in valuing the assets.

In determining fair value, the Account uses the market approach which generally utilizes market transaction data for the same or similar instruments. All investments during the reporting period consist of shares of the Funds that have daily quoted net asset values for identical assets that the sub-account can access and are categorized as Level 1. Net asset values for these actively traded Funds are obtained daily from the Fund's managers. The Account's policy is to recognize the transfer of securities among the levels at the beginning of the reporting period.

**5. Expenses**

***Withdrawal Charge*** - In the event of withdrawal of the account value during a specified period, a withdrawal charge may be imposed. The withdrawal charge varies by contract and ranges from 0.50% to 9.00% in the first year of the contract and declines to 0% in various years as defined in the contract. This charge is recognized as a redemption of units and reported on the Statements of Changes in Net Assets, but is remitted to ELIC. The Preferred Client Variable Annuity does not assess a withdrawal charge.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

***Mortality and Expense Risk Charge*** - ELIC assumes mortality and expense risks related to the operations of the Account and deducts a charge daily at a rate ranging from 0.40% to 2.50% per annum of the daily net assets of the Account, based on the contract and rider options selected. The mortality and expense risk charge is recognized as a reduction in unit values and reported on the Statements of Operations. The mortality and expense risk charge covers insurance benefits available with the Contracts and certain expenses of the Contracts. It also covers the risk that the current charge will not be sufficient in the future to cover the cost of administering the Contracts. ELIC guarantees that the amount of this charge will not increase over the lives of the Contracts. At the contractholder's discretion, additional options may be purchased for an additional charge. For certain living benefits, that charge is based on a protected withdrawal value and is deducted as units.

***Administrative Expense Charge*** - ELIC deducts an administrative expense charge daily at a rate ranging from 0% to 0.30% per annum of the average daily net assets of the Account. The contract will specify which rate applies. The administrative expense charge is recognized as a reduction in unit values and reported on the Statements of Operations.

***Contract Maintenance Charge*** - ELIC deducts an annual contract maintenance charge up to $35, depending upon the contract, on each contract anniversary and guarantees that this charge will not increase over the lives of the Contracts. This charge will be waived if certain conditions are met. ELIC deducts a monthly fee for contracts with Retirement Income Guarantee Riders at rates ranging from 0.05% to 0.30% per annum of the income base. The income base is comprised of either the contract value on the date the rider option is purchased and is adjusted for subsequent purchases or withdrawals or the highest contract value on any anniversary date adjusted for subsequent purchases or withdrawals, depending on the rider option selected. The contract maintenance charge is recognized as a redemption of units and reported on the Statements of Changes in Net Assets.

**6. Purchases of Investments**

The cost of investments purchased during the year ended December 31, 2025 was as follows:**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

---

| | |
|:---|:---|
| | **<u>Purchases</u>** |
| Alliance Bernstein VPS Discovery Value Portfolio - Class B | $616001 |
| Alliance Bernstein VPS International Value Portfolio - Class B | 138568 |
| Alliance Bernstein VPS Large Cap Growth Portfolio - Class B | 3904293 |
| Alliance Bernstein VPS Relative Value Portfolio - Class B | 3882827 |
| AST Aggressive Asset Allocation Portfolio | 158109 |
| AST Balanced Asset Allocation Portfolio | 176296 |
| AST Bond Portfolio 2025 | 404083 |
| AST Bond Portfolio 2026 | 448050 |
| AST Bond Portfolio 2027 |  |
| AST Bond Portfolio 2030 | 30158 |
| AST Bond Portfolio 2031 |  |
| AST Bond Portfolio 2032 |  |
| AST Bond Portfolio 2034 | 12805 |
| AST Bond Portfolio 2035 | 771599 |
| AST Bond Portfolio 2036 | 27770 |
| AST Cohen & Steers Realty Portfolio |  |
| AST Core Fixed Income Portfolio | 40277 |
| AST Emerging Markets Equity Portfolio |  |
| AST Global Bond Portfolio |  |
| AST Government Money Market Portfolio | 2140084 |
| AST High Yield Portfolio | 97 |
| AST International Equity Portfolio | 3055 |
| AST Investment Grade Bond Portfolio | 220522 |
| AST J.P. Morgan Conservative Multi-Asset Portfolio | 26844 |
| AST J.P. Morgan Moderate Multi-Asset Portfolio | 3017 |
| AST Large-Cap Equity Portfolio | 21654 |
| AST Large-Cap Growth Portfolio | 38313 |
| AST Large-Cap Value Portfolio |  |
| AST MFS Global Equity Portfolio |  |
| AST Multi-Asset Diversified Plus Portfolio | 28582 |
| AST Multi-Asset Diversified Portfolio | 4786 |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| | **<u>Purchases</u>** |
| AST PGIM Aggressive Multi-Asset Portfolio | $230331 |
| AST Preservation Asset Allocation Portfolio | 499392 |
| AST Small-Cap Equity Portfolio |  |
| BNY Mellon Stock Index Fund, Inc. | 24862 |
| BNY Mellon VIF, Government Money Market Portfolio | 309777 |
| BNY Mellon VIF, Growth and Income Portfolio - Initial Shares | 4550 |
| DWS Capital Growth VIP - Class A | 248509 |
| DWS Core Equity VIP - Class A | 192995 |
| DWS CROCI® International VIP - Class A | 9260 |
| DWS Global Income Builder VIP - Class A | 155643 |
| DWS Global Small Cap VIP - Class A | 61615 |
| DWS Government Money Market VIP - Class A | 107037 |
| DWS Small Mid Cap Growth VIP - Class A | 23806 |
| Federated Hermes Government Money Fund II | 65266 |
| Fidelity® VIP Contrafund℠ Portfolio - Initial Class | 694952 |
| Fidelity® VIP Contrafund℠ Portfolio - Service Class 2 | 4842451 |
| Fidelity® VIP Equity-Income Portfolio℠ - Initial Class | 28988 |
| Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2 | 29574 |
| Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2 | 111505 |
| Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2 | 114824 |
| Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2 | 42863 |
| Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2 | 21867 |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 8261803 |
| Fidelity® VIP Government Money Market Portfolio - Service Class 2 | 14512526 |
| Fidelity® VIP Growth & Income Portfolio - Service Class 2 | 585014 |
| Fidelity® VIP Growth Opportunities Portfolio - Service Class 2 | 130559 |
| Fidelity® VIP Growth Portfolio - Initial Class | 509466 |
| Fidelity® VIP Growth Portfolio - Service Class 2 | 18026 |
| Fidelity® VIP High Income Portfolio - Initial Class | 9709 |
| Fidelity® VIP High Income Portfolio - Service Class 2 | 122159 |
| Fidelity® VIP Index 500 Portfolio - Initial Class | 122379 |
| Fidelity® VIP Index 500 Portfolio - Service Class 2 | 248595 |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | 18132 |
| Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2 | 12 |
| Fidelity® VIP Mid Cap Portfolio - Service Class 2 | 927345 |
| Fidelity® VIP Overseas Portfolio - Initial Class | 44988 |
| Fidelity® VIP Overseas Portfolio - Service Class 2 |  |
| Franklin DynaTech VIP Fund - Class 2 | 91496 |
| Franklin Growth and Income VIP Fund - Class 2 | 1631316 |
| Franklin Income VIP Fund - Class 2 | 3957547 |
| Franklin Large Cap Growth VIP Fund - Class 2 | 2427995 |
| Franklin Mutual Global Discovery VIP Fund - Class 2 | 731312 |
| Franklin Mutual Shares VIP Fund - Class 2 | 3463604 |
| Franklin Small Cap Value VIP Fund - Class 2 | 1445464 |
| Franklin Small-Mid Cap Growth VIP Fund - Class 2 | 73886 |
| Franklin U.S. Government Securities VIP Fund - Class 2 | 759526 |
| Goldman Sachs VIT Large Cap Value Fund - Institutional Class | 203885 |
| Goldman Sachs VIT Mid Cap Value Fund - Institutional Class | 137394 |
| Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class | 311146 |
| Goldman Sachs VIT Strategic Growth Fund - Institutional Class | 1433 |
| Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class | 293811 |
| Invesco V.I. American Franchise Fund - Series I | 9801268 |
| Invesco V.I. American Franchise Fund - Series II | 2289921 |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| | **<u>Purchases</u>** |
| Invesco V.I. American Value Fund - Series I | $5781563 |
| Invesco V.I. American Value Fund - Series II | 2277711 |
| Invesco V.I. Comstock Fund - Series I | 3403863 |
| Invesco V.I. Comstock Fund - Series II | 6335718 |
| Invesco V.I. Core Equity Fund - Series I | 5510570 |
| Invesco V.I. Core Equity Fund - Series II | 60515 |
| Invesco V.I. Core Plus Bond Fund - Series I | 806132 |
| Invesco V.I. Core Plus Bond Fund - Series II | 680663 |
| Invesco V.I. Discovery Large Cap Fund - Series I | 519902 |
| Invesco V.I. Discovery Large Cap Fund - Series II | 2121031 |
| Invesco V.I. Discovery Mid Cap Growth Fund - Series I | 617519 |
| Invesco V.I. Discovery Mid Cap Growth Fund - Series II | 1306237 |
| Invesco V.I. Diversified Dividend Fund - Series I | 8625174 |
| Invesco V.I. Diversified Dividend Fund - Series II | 2232526 |
| Invesco V.I. Equally-Weighted S&P 500 Fund - Series I | 3531517 |
| Invesco V.I. Equally-Weighted S&P 500 Fund - Series II | 3966264 |
| Invesco V.I. Equity and Income Fund - Series I | 2335942 |
| Invesco V.I. Equity and Income Fund - Series II | 1650167 |
| Invesco V.I. EQV International Equity Fund - Series I | 1165514 |
| Invesco V.I. EQV International Equity Fund - Series II | 142117 |
| Invesco V.I. Global Core Equity Fund - Series I | 1806665 |
| Invesco V.I. Global Core Equity Fund - Series II | 776114 |
| Invesco V.I. Global Fund - Series I | 449792 |
| Invesco V.I. Global Fund - Series II | 1375554 |
| Invesco V.I. Global Strategic Income Fund - Series I | 28969 |
| Invesco V.I. Global Strategic Income Fund - Series II | 1568260 |
| Invesco V.I. Government Money Market Fund - Series I | 792601 |
| Invesco V.I. Government Money Market Fund - Series II | 2 |
| Invesco V.I. Government Securities Fund - Series I | 229136 |
| Invesco V.I. Government Securities Fund - Series II | 2972 |
| Invesco V.I. Growth and Income Fund - Series II | 2488887 |
| Invesco V.I. High Yield Fund - Series I | 559635 |
| Invesco V.I. High Yield Fund - Series II | 307109 |
| Invesco V.I. Main Street Fund® - Series I | 49460 |
| Invesco V.I. Main Street Fund® - Series II | 1566287 |
| Invesco V.I. Main Street Mid Cap Fund® - Series I | 662008 |
| Invesco V.I. Main Street Mid Cap Fund® - Series II | 46758 |
| Invesco V.I. Main Street Small Cap Fund® - Series I | 93122 |
| Invesco V.I. Main Street Small Cap Fund® - Series II | 1144178 |
| Invesco V.I. Technology Fund - Series I | 527955 |
| Invesco V.I. Technology Fund - Series II | 584 |
| Janus Henderson VIT Forty Portfolio - Institutional Shares |  |
| Lazard Retirement Emerging Markets Equity Portfolio - Service Shares |  |
| Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I |  |
| Lord Abbett Bond Debenture Portfolio - Class VC | 621889 |
| Lord Abbett Fundamental Equity Portfolio - Class VC | 190656 |
| Lord Abbett Growth and Income Portfolio - Class VC | 593841 |
| Lord Abbett Growth Opportunities Portfolio - Class VC | 645786 |
| Lord Abbett Mid Cap Stock Portfolio - Class VC | 595725 |
| LVIP American Century International Fund - Standard Class II | 106 |
| MFS® VIT Growth Series - Initial Class | 147307 |
| MFS® VIT Growth Series - Service Class | 8777 |
| MFS® VIT Investors Trust Series - Initial Class | 398714 |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| | **<u>Purchases</u>** |
| MFS® VIT Investors Trust Series - Service Class | $41727 |
| MFS® VIT New Discovery Series - Initial Class | 59666 |
| MFS® VIT New Discovery Series - Service Class | 946 |
| MFS® VIT Research Series - Initial Class | 62808 |
| MFS® VIT Research Series - Service Class | 8251 |
| MFS® VIT Total Return Bond Series - Initial Class | 24139 |
| MFS® VIT Utilities Series - Initial Class | 2001 |
| MFS® VIT Utilities Series - Service Class | 2964 |
| MFS® VIT II High Yield Portfolio - Initial Class | 19490 |
| Morgan Stanley VIF Discovery Portfolio - Class I | 475019 |
| Morgan Stanley VIF Discovery Portfolio - Class II | 563389 |
| Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II | 439086 |
| Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I | 433169 |
| Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II | 98981 |
| Morgan Stanley VIF Global Strategist Portfolio - Class I | 2110593 |
| Morgan Stanley VIF Global Strategist Portfolio - Class II | 720902 |
| Morgan Stanley VIF Growth Portfolio - Class I | 5636681 |
| Morgan Stanley VIF Growth Portfolio - Class II | 1237938 |
| Neuberger Berman AMT Mid Cap Growth Portfolio - Class I | 176 |
| Neuberger Berman AMT Quality Equity Portfolio - Class I | 3085 |
| PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class | 61934 |
| PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class | 59513 |
| PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class | 16 |
| PIMCO VIT Real Return Portfolio - Advisor Class | 814170 |
| PIMCO VIT Total Return Portfolio - Advisor Class | 488234 |
| PIMCO VIT Total Return Portfolio - Institutional Class | 16 |
| Putnam VT Core Equity Fund - Class IB | 4515108 |
| Putnam VT Diversified Income Fund - Class IB | 703727 |
| Putnam VT Emerging Markets Equity Fund - Class IB | 138942 |
| Putnam VT Focused International Equity Fund - Class IB | 476697 |
| Putnam VT George Putnam Balanced Fund - Class IB | 3709681 |
| Putnam VT Global Asset Allocation Fund - Class IB | 1920367 |
| Putnam VT Global Health Care Fund - Class IB | 1254284 |
| Putnam VT Government Money Market Fund - Class IB | 5699282 |
| Putnam VT High Yield Fund - Class IB | 1058096 |
| Putnam VT Income Fund - Class IB | 2106593 |
| Putnam VT International Equity Fund - Class IB | 3244207 |
| Putnam VT International Value Fund - Class IB | 182306 |
| Putnam VT Large Cap Growth Fund - Class IB | 12520182 |
| Putnam VT Large Cap Value Fund - Class IB | 14347012 |
| Putnam VT Mortgage Securities Fund - Class IB | 692265 |
| Putnam VT Research Fund - Class IB | 1551351 |
| Putnam VT Small Cap Growth Fund - Class IB | 446328 |
| Putnam VT Small Cap Value Fund - Class IB | 2573097 |
| Putnam VT Sustainable Future Fund - Class IB | 903655 |
| Putnam VT Sustainable Leaders Fund - Class IB | 9170118 |
| Templeton Developing Markets VIP Fund - Class 2 | 204161 |
| Templeton Foreign VIP Fund - Class 2 | 2142268 |
| Templeton Global Bond VIP Fund - Class 2 | 28682 |
| Templeton Growth VIP Fund - Class 2 | 19864 |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

**7. Financial Highlights**

ELIC offers multiple variable annuity contracts through this Account that have unique combinations of features and fees that are assessed to the contractholders. Differences in these fee structures result in various contract expense rates and unit values which in turn result in various expense and total return ratios.

In the table below, the units outstanding, the range of lowest to highest unit values, the net assets, the investment income ratio, the range of lowest to highest expense ratios, and the ranges of total returns are presented for each of the sub-accounts. Only rider options within each sub-account that had units outstanding during the respective periods were considered when determining the lowest and highest expense ratio. These ranges of lowest to highest unit values and total return are based on the product groupings that represent lowest and highest expense ratio amounts. Therefore, some individual contract ratios are not within the ranges presented. The range of the lowest and highest unit fair values disclosed in the Statements of Net Assets may differ from the values disclosed herein because the values in the Statements of Net Assets represent the absolute lowest and highest values without consideration of the corresponding expense ratios.

**Items in the following table are notated as follows:**

\*&nbsp;&nbsp;&nbsp;&nbsp; **Investment Income Ratio** - These amounts represent dividends, excluding realized gain distributions, received by the sub-account from the underlying Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses that result in a reduction in the unit values or 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.

Sub-accounts with a date notation indicate the effective date of that investment option in the Account. Consistent with the total return, the investment income ratio is calculated for the period, or from the effective date, through the end of the reporting period. The investment income ratio for closed sub-accounts is calculated from the beginning of period, or from the effective date, through the last day the sub-account was open. The investment income ratio is reported at zero when no dividend is received in the sub-account during the period or the net asset value at the beginning and end of the period is zero.

\*\* **Expense Ratio** - These amounts represent the range of annualized contract expenses of the sub-account, consisting of mortality and expense risk charges, and contract administrative expense charges, for each period indicated. The ratios include only those expenses that are charged that result in a reduction in the unit values. Charges made directly to contractholder accounts through the redemption of units and expenses of the underlying Fund have been excluded.

\*\*\* **Total Return** - These amounts represent the total return for the periods indicated, including changes in the value of the underlying Fund, and expenses assessed through the reduction of unit values. The ratio does not include any expenses assessed through the redemption of units. The total return is calculated as the change in the unit value during the reporting period, or the effective period if less than the reporting period, divided by the beginning of period unit value or the unit value on the effective date.

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** | **Alliance Bernstein VPS Discovery Value Portfolio - Class B** |
| 2025 | 78 | $45.58 | 59.37 | $4150 | 0.59 | % | 1.29 | 2.44 | % | 0.15 | 1.32 | % |
| 2024 | 92 | 45.51 | 58.60 | 4859 | 0.64 |  | 1.29 | 2.44 |  | 7.04 | 8.30 |  |
| 2023 | 106 | 41.19 | 54.11 | 5176 | 0.79 |  | 1.29 | 2.59 |  | 13.87 | 15.36 |  |
| 2022 | 130 | 36.18 | 46.91 | 5541 | 0.83 |  | 1.29 | 2.59 |  | (17.98) | (16.90) |  |
| 2021 | 150 | 44.11 | 56.45 | 7786 | 0.60 |  | 1.29 | 2.59 |  | 32.12 | 33.86 |  |
| **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** | **Alliance Bernstein VPS International Value Portfolio - Class B** |
| 2025 | 205 | 13.09 | 17.19 | 3229 | 2.14 |  | 1.29 | 2.59 |  | 37.64 | 39.46 |  |
| 2024 | 277 | 9.51 | 12.33 | 3131 | 2.28 |  | 1.29 | 2.59 |  | 2.10 | 3.45 |  |
| 2023 | 299 | 9.31 | 11.92 | 3271 | 0.67 |  | 1.29 | 2.59 |  | 11.89 | 13.36 |  |
| 2022 | 351 | 8.32 | 10.51 | 3399 | 4.11 |  | 1.29 | 2.59 |  | (16.01) | (14.90) |  |
| 2021 | 404 | 9.91 | 12.35 | 4624 | 1.64 |  | 1.29 | 2.59 |  | 8.00 | 9.43 |  |
| **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** | **Alliance Bernstein VPS Large Cap Growth Portfolio - Class B** |
| 2025 | 579 | 55.61 | 69.25 | 27842 |  |  | 0.70 | 2.59 |  | 9.95 | 12.06 |  |
| 2024 | 705 | 49.62 | 62.99 | 30778 |  |  | 0.70 | 2.59 |  | 21.72 | 24.08 |  |
| 2023 | 828 | 39.99 | 51.75 | 29269 |  |  | 0.70 | 2.59 |  | 31.33 | 33.85 |  |
| 2022 | 913 | 29.88 | 39.40 | 24442 |  |  | 0.70 | 2.59 |  | (30.52) | (29.18) |  |
| 2021 | 1052 | 42.19 | 56.71 | 40156 |  |  | 0.70 | 2.59 |  | 25.34 | 27.75 |  |
| **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** | **Alliance Bernstein VPS Relative Value Portfolio - Class B** |
| 2025 | 740 | 40.36 | 57.62 | 29528 | 0.89 |  | 0.70 | 2.44 |  | 7.53 | 9.43 |  |
| 2024 | 823 | 37.54 | 52.65 | 30367 | 1.24 |  | 0.70 | 2.44 |  | 10.02 | 11.97 |  |
| 2023 | 931 | 33.06 | 47.02 | 31118 | 1.28 |  | 0.70 | 2.59 |  | 8.86 | 10.94 |  |
| 2022 | 1074 | 30.37 | 42.38 | 32794 | 1.08 |  | 0.70 | 2.59 |  | (6.87) | (5.08) |  |
| 2021 | 1206 | 32.61 | 44.65 | 39225 | 0.63 |  | 0.70 | 2.59 |  | 24.55 | 26.95 |  |
| **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** |
| 2025 | 77 | 23.33 | 28.74 | 1990 |  |  | 1.15 | 2.30 |  | 13.55 | 14.85 |  |
| 2024 | 87 | 20.54 | 25.02 | 1962 |  |  | 1.15 | 2.30 |  | 11.81 | 13.09 |  |
| 2023 | 92 | 18.37 | 22.13 | 1878 |  |  | 1.15 | 2.30 |  | 15.44 | 16.75 |  |
| 2022 | 104 | 15.92 | 18.95 | 1827 |  |  | 1.15 | 2.30 |  | (18.77) | (17.85) |  |
| 2021 | 124 | 19.59 | 23.07 | 2646 |  |  | 1.15 | 2.30 |  | 14.34 | 15.65 |  |
| **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** |
| 2025 | 229 | 19.63 | 26.23 | 5487 |  |  | 1.00 | 2.60 |  | 11.45 | 13.21 |  |
| 2024 | 322 | 17.46 | 23.17 | 6896 |  |  | 1.00 | 2.65 |  | 8.99 | 10.79 |  |
| 2023 | 244 | 16.02 | 20.92 | 4743 |  |  | 1.00 | 2.65 |  | 12.78 | 14.62 |  |
| 2022 | 295 | 14.21 | 18.25 | 5038 |  |  | 1.00 | 2.65 |  | (18.42) | (17.09) |  |
| 2021 | 308 | 18.30 | 22.01 | 6373 |  |  | 1.00 | 2.30 |  | 10.30 | 11.73 |  |
| **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** | **AST Bond Portfolio 2025 (sub-account liquidated on December 31, 2025)** |
| 2025 |  | 11.97 | 12.70 |  |  |  | 1.50 | 2.00 |  | 2.30 | 2.80 |  |
| 2024 | 21 | 11.70 | 12.35 | 257 |  |  | 1.50 | 2.00 |  | 3.28 | 3.79 |  |
| 2023 |  | N/A | N/A |  |  |  | N/A | N/A |  | N/A | N/A |  |
| 2022 |  | N/A | N/A |  |  |  | N/A | N/A |  | N/A | N/A |  |
| 2021 |  | N/A | N/A |  |  |  | N/A | N/A |  | N/A | N/A |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Investment**<br>**Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** |
| 2025 | 25 | $10.26 | 10.83 | $263 | % | 1.50 | 2.00 | % | 3.13 | 3.64 | % |
| 2024 | 16 | 10.45 | 10.45 | 170 |  | 1.50 | 1.50 |  | 3.01 | 3.01 |  |
| 2023 | 17 | 10.14 | 10.14 | 168 |  | 1.50 | 1.50 |  | 4.37 | 4.37 |  |
| 2022 | 11 | 9.72 | 9.72 | 106 |  | 1.50 | 1.50 |  | (12.01) | (12.01) |  |
| 2021 | 12 | 11.05 | 11.05 | 136 |  | 1.50 | 1.50 |  | (5.27) | (5.27) |  |
| **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** |
| 2025 | 5 | 10.52 | 10.52 | 55 |  | 1.50 | 1.50 |  | 4.42 | 4.42 |  |
| 2024 | 5 | 10.07 | 10.07 | 53 |  | 1.50 | 1.50 |  | 2.24 | 2.24 |  |
| 2023 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| 2022 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| 2021 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** |
| 2025 | 2 | 10.77 | 10.77 | 17 |  | 1.50 | 1.50 |  | 6.44 | 6.44 |  |
| 2024 | 2 | 10.12 | 10.12 | 16 |  | 1.50 | 1.50 |  | (0.50) | (0.50) |  |
| 2023 | 2 | 10.17 | 10.17 | 16 |  | 1.50 | 1.50 |  | 3.83 | 3.83 |  |
| 2022 | 1 | 9.80 | 9.80 | 14 |  | 1.50 | 1.50 |  | (18.36) | (18.36) |  |
| 2021 | 1 | 12.00 | 12.00 | 17 |  | 1.50 | 1.50 |  | (5.62) | (5.62) |  |
| **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** |
| 2025 | 17 | 9.17 | 9.17 | 152 |  | 1.50 | 1.50 |  | 6.83 | 6.83 |  |
| 2024 | 17 | 8.59 | 8.59 | 142 |  | 1.50 | 1.50 |  | (1.28) | (1.28) |  |
| 2023 | 17 | 8.70 | 8.70 | 144 |  | 1.50 | 1.50 |  | 3.81 | 3.81 |  |
| 2022 | 17 | 8.38 | 8.38 | 139 |  | 1.50 | 1.50 |  | (19.94) | (19.94) |  |
| 2021 | 11 | 10.46 | 10.46 | 110 |  | 1.50 | 1.50 |  | (6.18) | (6.18) |  |
| **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** | **AST Bond Portfolio 2032 (sub-account launched on January 4, 2021)** |
| 2025 | 3 | 7.97 | 7.97 | 24 |  | 1.50 | 1.50 |  | 7.13 | 7.13 |  |
| 2024 | 3 | 7.44 | 7.44 | 23 |  | 1.50 | 1.50 |  | (2.11) | (2.11) |  |
| 2023 | 3 | 7.60 | 7.60 | 23 |  | 1.50 | 1.50 |  | 3.61 | 3.61 |  |
| 2022 | 3 | 7.34 | 7.34 | 22 |  | 1.50 | 1.50 |  | (21.35) | (21.35) |  |
| 2021 | 2 | 9.33 | 9.33 | 14 |  | 1.50 | 1.50 |  | (6.69) | (6.69) |  |
| **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** | **AST Bond Portfolio 2034 (sub-account launched on January 3, 2023)** |
| 2025 |  | 10.42 | 10.42 |  |  | 1.90 | 1.90 |  | 7.06 | 7.06 |  |
| 2024 |  | 9.72 | 9.81 |  |  | 1.50 | 2.00 |  | (4.43) | (3.96) |  |
| 2023 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| 2022 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| 2021 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** | **AST Bond Portfolio 2035 (sub-account launched on January 2, 2024) (1)** |
| 2025 |  | 10.25 | 10.36 |  |  | 1.50 | 2.00 |  | 7.07 | 7.60 |  |
| 2024 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| 2023 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| 2022 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| 2021 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** | **AST Bond Portfolio 2036 (sub-account launched on January 2, 2025)** |
| 2025 | 2 | $10.59 | 10.63 | $23 |  | % | 1.50 | 1.90 | % | 5.90 | 6.31 | % |
| 2024 |  | N/A | N/A |  |  |  | N/A | N/A |  | N/A | N/A |  |
| 2023 |  | N/A | N/A |  |  |  | N/A | N/A |  | N/A | N/A |  |
| 2022 |  | N/A | N/A |  |  |  | N/A | N/A |  | N/A | N/A |  |
| 2021 |  | N/A | N/A |  |  |  | N/A | N/A |  | N/A | N/A |  |
| **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (sub-account merged on January 24, 2025)** |
| 2025 |  | 23.83 | 23.83 |  |  |  | 1.65 | 1.65 |  | 1.58 | 1.58 |  |
| 2024 | < 1 | 23.46 | 23.46 | 1 |  |  | 1.65 | 1.65 |  | 4.93 | 4.93 |  |
| 2023 | < 1 | 22.36 | 22.36 | 13 |  |  | 1.65 | 1.65 |  | 10.27 | 10.27 |  |
| 2022 | < 1 | 20.27 | 20.27 | 11 |  |  | 1.65 | 1.65 |  | (26.57) | (26.57) |  |
| 2021 | < 1 | 27.61 | 27.61 | 15 |  |  | 1.65 | 1.65 |  | 40.53 | 40.53 |  |
| **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** |
| 2025 | 12 | 13.00 | 14.61 | 165 |  |  | 1.00 | 1.65 |  | 5.41 | 6.09 |  |
| 2024 | 9 | 12.33 | 13.77 | 119 |  |  | 1.00 | 1.65 |  | (0.22) | 0.42 |  |
| 2023 | 10 | 12.36 | 13.71 | 138 |  |  | 1.00 | 1.65 |  | 4.63 | 5.30 |  |
| 2022 | 12 | 11.81 | 13.02 | 147 |  |  | 1.00 | 1.65 |  | (17.64) | (17.11) |  |
| 2021 | 3 | 14.65 | 15.71 | 54 |  |  | 1.00 | 1.50 |  | (3.68) | (3.21) |  |
| **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** | **AST Emerging Markets Equity Portfolio (sub-account merged on January 10, 2025)** |
| 2025 |  | 8.54 | 8.54 |  |  |  | 1.65 | 1.65 |  | (1.44) | (1.44) |  |
| 2024 | < 1 | 8.67 | 8.67 | 3 |  |  | 1.65 | 1.65 |  | 2.94 | 2.94 |  |
| 2023 | < 1 | 8.42 | 8.42 | 3 |  |  | 1.65 | 1.65 |  | 10.49 | 10.49 |  |
| 2022 | < 1 | 7.62 | 7.62 | 3 |  |  | 1.65 | 1.65 |  | (22.99) | (22.99) |  |
| 2021 | < 1 | 9.90 | 9.90 | 4 |  |  | 1.65 | 1.65 |  | (1.43) | (1.43) |  |
| **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** | **AST Global Bond Portfolio (sub-account merged on February 7, 2025)** |
| 2025 |  | 8.94 | 9.13 |  |  |  | 1.15 | 1.65 |  | 0.38 | 0.43 |  |
| 2024 | < 1 | 8.91 | 9.09 | 6 |  |  | 1.15 | 1.65 |  | 1.06 | 1.56 |  |
| 2023 | 1 | 8.82 | 8.95 | 10 |  |  | 1.15 | 1.65 |  | 4.56 | 5.08 |  |
| 2022 | 1 | 8.43 | 8.52 | 10 |  |  | 1.15 | 1.65 |  | (13.62) | (13.19) |  |
| 2021 | 1 | 9.76 | 9.81 | 12 |  |  | 1.15 | 1.65 |  | (3.06) | (2.58) |  |
| **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** |
| 2025 | 23 | 8.68 | 10.13 | 197 | 3.74 |  | 1.15 | 2.00 |  | 1.75 | 2.60 |  |
| 2024 | 24 | 8.53 | 9.87 | 207 | 4.65 |  | 1.15 | 2.00 |  | 2.69 | 3.56 |  |
| 2023 | 23 | 8.31 | 9.54 | 194 | 4.52 |  | 1.15 | 2.00 |  | 2.57 | 3.43 |  |
| 2022 | 41 | 8.10 | 9.22 | 344 | 1.36 |  | 1.15 | 2.00 |  | (0.76) | 0.07 |  |
| 2021 | 23 | 8.16 | 9.21 | 191 | <0.01 |  | 1.15 | 2.00 |  | (1.96) | (1.14) |  |
| **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** | **AST High Yield Portfolio (sub-account merged on February 7, 2025)** |
| 2025 |  | 20.21 | 20.74 |  |  |  | 1.00 | 1.15 |  | 1.36 | 1.38 |  |
| 2024 | 2 | 19.94 | 20.46 | 34 |  |  | 1.00 | 1.15 |  | 6.34 | 6.50 |  |
| 2023 | 2 | 18.75 | 19.21 | 32 |  |  | 1.00 | 1.15 |  | 9.30 | 9.46 |  |
| 2022 | 2 | 17.16 | 17.55 | 30 |  |  | 1.00 | 1.15 |  | (12.52) | (12.39) |  |
| 2021 | 2 | 19.61 | 20.04 | 35 |  |  | 1.00 | 1.15 |  | 5.13 | 5.28 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Investment**<br>**Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** |
| 2025 | 10 | $18.81 | 21.95 | $205 | % | 1.15 | 2.00 | % | 30.23 | 31.33 | % |
| 2024 | 10 | 14.44 | 16.71 | 154 |  | 1.15 | 2.00 |  | 3.38 | 4.25 |  |
| 2023 | 11 | 13.97 | 16.03 | 162 |  | 1.15 | 2.00 |  | 15.45 | 16.42 |  |
| 2022 | 4 | 12.76 | 13.77 | 49 |  | 1.15 | 1.65 |  | (29.84) | (29.50) |  |
| 2021 | 4 | 18.19 | 19.53 | 70 |  | 1.15 | 1.65 |  | 10.67 | 11.22 |  |
| **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** |
| 2025 | 102 | 17.01 | 19.73 | 1893 |  | 1.15 | 2.00 |  | 6.44 | 7.33 |  |
| 2024 | 119 | 15.99 | 18.38 | 2067 |  | 1.15 | 2.00 |  | (0.06) | 0.79 |  |
| 2023 | 140 | 16.00 | 18.24 | 2431 |  | 1.15 | 2.00 |  | 4.40 | 5.28 |  |
| 2022 | 165 | 15.32 | 17.32 | 2716 |  | 1.15 | 2.00 |  | (15.51) | (14.80) |  |
| 2021 | 70 | 18.13 | 20.33 | 1356 |  | 1.15 | 2.00 |  | (4.09) | (3.28) |  |
| **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** |
| 2025 | 83 | 14.11 | 18.35 | 1415 |  | 1.15 | 2.60 |  | 7.57 | 9.12 |  |
| 2024 | 96 | 13.12 | 16.82 | 1493 |  | 1.15 | 2.60 |  | 3.49 | 4.98 |  |
| 2023 | 102 | 12.68 | 16.02 | 1523 |  | 1.15 | 2.60 |  | 7.56 | 9.10 |  |
| 2022 | 119 | 11.79 | 14.68 | 1639 |  | 1.15 | 2.60 |  | (17.86) | (16.68) |  |
| 2021 | 129 | 14.35 | 17.63 | 2142 |  | 1.15 | 2.60 |  | 5.21 | 6.72 |  |
| **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| 2025 | 5 | 20.87 | 23.78 | 106 |  | 1.15 | 1.90 |  | 10.43 | 11.25 |  |
| 2024 | 5 | 18.89 | 21.37 | 98 |  | 1.15 | 1.90 |  | 7.77 | 8.58 |  |
| 2023 | 5 | 17.53 | 19.69 | 91 |  | 1.15 | 1.90 |  | 11.76 | 12.59 |  |
| 2022 | 5 | 15.69 | 17.49 | 81 |  | 1.15 | 1.90 |  | (18.53) | (17.92) |  |
| 2021 | 6 | 19.26 | 21.30 | 117 |  | 1.15 | 1.90 |  | 10.32 | 11.13 |  |
| **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** |
| 2025 | 3 | 14.86 | 36.37 | 59 |  | 1.00 | 1.65 |  | 13.02 | 13.75 |  |
| 2024 | 2 | 13.07 | 34.09 | 33 |  | 1.00 | 1.15 |  | 22.73 | 22.91 |  |
| 2023 | 2 | 10.63 | 27.78 | 28 |  | 1.00 | 1.15 |  | 21.70 | 21.88 |  |
| 2022 | 2 | 8.72 | 22.82 | 23 |  | 1.00 | 1.15 |  | (17.94) | (17.81) |  |
| 2021 | 2 | 10.61 | 27.81 | 30 |  | 1.00 | 1.15 |  | 5.24 | 26.39 |  |
| **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** |
| 2025 | 4 | 66.34 | 79.57 | 306 |  | 1.00 | 2.00 |  | 14.77 | 15.90 |  |
| 2024 | 4 | 57.80 | 68.65 | 233 |  | 1.00 | 2.00 |  | 27.59 | 28.86 |  |
| 2023 | 4 | 45.31 | 53.27 | 178 |  | 1.00 | 2.00 |  | 40.82 | 42.21 |  |
| 2022 | 4 | 32.17 | 37.46 | 133 |  | 1.00 | 2.00 |  | (34.52) | (33.87) |  |
| 2021 | < 1 | 55.44 | 55.44 | 12 |  | 1.15 | 1.15 |  | 15.78 | 15.78 |  |
| **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** |
| 2025 | 8 | 25.43 | 30.51 | 214 |  | 1.00 | 2.00 |  | 13.77 | 14.90 |  |
| 2024 | 8 | 22.36 | 26.55 | 188 |  | 1.00 | 2.00 |  | 7.76 | 8.83 |  |
| 2023 | 6 | 20.75 | 24.40 | 132 |  | 1.00 | 2.00 |  | 7.60 | 8.66 |  |
| 2022 | 6 | 19.28 | 22.45 | 123 |  | 1.00 | 2.00 |  | (0.29) | 0.70 |  |
| 2021 | < 1 | 21.82 | 21.82 | 2 |  | 1.15 | 1.15 |  | 27.74 | 27.74 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Investment**<br>**Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** | **AST MFS Global Equity Portfolio (sub-account merged on January 24, 2025)** |
| 2025 |  | $27.51 | 28.23 | $— | % | 1.00 | 1.15 | % | 3.00 | 3.01 | % |
| 2024 | < 1 | 26.71 | 27.41 | 20 |  | 1.00 | 1.15 |  | 4.31 | 4.46 |  |
| 2023 | < 1 | 25.60 | 26.24 | 20 |  | 1.00 | 1.15 |  | 12.72 | 12.89 |  |
| 2022 | < 1 | 22.71 | 23.24 | 19 |  | 1.00 | 1.15 |  | (18.89) | (18.77) |  |
| 2021 | < 1 | 28.01 | 28.61 | 24 |  | 1.00 | 1.15 |  | 15.52 | 15.69 |  |
| **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** |
| 2025 | 53 | 13.12 | 17.07 | 802 |  | 1.15 | 2.60 |  | 10.67 | 12.26 |  |
| 2024 | 59 | 11.86 | 15.20 | 814 |  | 1.15 | 2.60 |  | 4.97 | 6.48 |  |
| 2023 | 68 | 11.30 | 14.28 | 888 |  | 1.15 | 2.60 |  | 7.43 | 8.96 |  |
| 2022 | 110 | 10.52 | 13.10 | 1318 |  | 1.15 | 2.60 |  | (15.64) | (14.43) |  |
| 2021 | 178 | 12.46 | 15.31 | 2505 |  | 1.15 | 2.60 |  | 9.59 | 11.16 |  |
| **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** |
| 2025 | 31 | 20.81 | 27.06 | 788 |  | 1.15 | 2.60 |  | 12.62 | 14.24 |  |
| 2024 | 48 | 18.48 | 23.69 | 1064 |  | 1.15 | 2.60 |  | 8.16 | 9.73 |  |
| 2023 | 57 | 17.08 | 21.59 | 1135 |  | 1.15 | 2.60 |  | 11.58 | 13.18 |  |
| 2022 | 71 | 15.31 | 19.08 | 1258 |  | 1.15 | 2.60 |  | (18.74) | (17.57) |  |
| 2021 | 78 | 18.84 | 23.14 | 1682 |  | 1.15 | 2.60 |  | 10.94 | 12.53 |  |
| **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** |
| 2025 | 149 | 17.52 | 22.79 | 3144 |  | 1.15 | 2.60 |  | 13.06 | 14.68 |  |
| 2024 | 314 | 15.50 | 19.87 | 5869 |  | 1.15 | 2.60 |  | 10.79 | 12.39 |  |
| 2023 | 344 | 13.99 | 17.68 | 5747 |  | 1.15 | 2.60 |  | 15.07 | 16.72 |  |
| 2022 | 409 | 12.16 | 15.15 | 5850 |  | 1.15 | 2.60 |  | (20.37) | (19.23) |  |
| 2021 | 530 | 15.27 | 18.75 | 9423 |  | 1.15 | 2.60 |  | 13.74 | 15.37 |  |
| **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** |
| 2025 | 152 | 16.42 | 20.05 | 2868 |  | 1.15 | 2.25 |  | 8.87 | 10.06 |  |
| 2024 | 147 | 15.08 | 18.21 | 2474 |  | 1.15 | 2.25 |  | 5.41 | 6.57 |  |
| 2023 | 164 | 14.31 | 17.09 | 2600 |  | 1.15 | 2.25 |  | 9.32 | 10.51 |  |
| 2022 | 176 | 13.09 | 15.47 | 2536 |  | 1.15 | 2.25 |  | (17.48) | (16.58) |  |
| 2021 | 206 | 15.86 | 18.54 | 3589 |  | 1.15 | 2.25 |  | 3.90 | 5.03 |  |
| **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** |
| 2025 | 1 | 36.84 | 41.47 | 54 |  | 1.00 | 1.65 |  | 5.66 | 6.35 |  |
| 2024 | 1 | 34.86 | 38.99 | 52 |  | 1.00 | 1.65 |  | 12.98 | 13.71 |  |
| 2023 | < 1 | 30.86 | 34.29 | 21 |  | 1.00 | 1.65 |  | 15.20 | 15.94 |  |
| 2022 | < 1 | 26.78 | 29.58 | 19 |  | 1.00 | 1.65 |  | (28.75) | (28.29) |  |
| 2021 | < 1 | 41.24 | 41.24 | 11 |  | 1.00 | 1.00 |  | 3.50 | 3.50 |  |
| **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (sub-account merged on January 24, 2025)** |
| 2025 |  | N/A | N/A |  |  | N/A | N/A |  | N/A | N/A |  |
| 2024 |  | 10.80 | 10.80 |  |  | 1.65 | 1.65 |  | 2.16 | 2.16 |  |
| 2023 | < 1 | 10.57 | 11.46 | 5 |  | 1.15 | 1.65 |  | (0.29) | 0.20 |  |
| 2022 | < 1 | 10.60 | 11.44 | 6 |  | 1.15 | 1.65 |  | 4.37 | 4.88 |  |
| 2021 | < 1 | 10.16 | 10.91 | 6 |  | 1.15 | 1.65 |  | 21.79 | 22.39 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** | **BNY Mellon Stock Index Fund, Inc.** |
| 2025 | 6 | $54.39 | 67.91 | $414 | 1.03 | % | 1.15 | 1.60 | % | 15.66 | 16.19 | % |
| 2024 | 7 | 47.02 | 58.45 | 362 | 1.17 |  | 1.15 | 1.60 |  | 22.66 | 23.23 |  |
| 2023 | 7 | 38.34 | 47.43 | 298 | 1.43 |  | 1.15 | 1.60 |  | 23.93 | 24.49 |  |
| 2022 | 7 | 30.93 | 38.10 | 244 | 1.33 |  | 1.15 | 1.60 |  | (19.62) | (19.25) |  |
| 2021 | 7 | 38.48 | 47.18 | 323 | 1.15 |  | 1.15 | 1.60 |  | 26.36 | 26.94 |  |
| **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** | **BNY Mellon VIF, Government Money Market Portfolio** |
| 2025 | 19 | 9.17 | 12.10 | 197 | 3.82 |  | 1.15 | 1.85 |  | 2.02 | 2.74 |  |
| 2024 | 22 | 8.99 | 11.78 | 232 | 4.63 |  | 1.15 | 1.85 |  | 2.80 | 3.53 |  |
| 2023 | 23 | 8.75 | 11.38 | 229 | 4.56 |  | 1.15 | 1.85 |  | 2.70 | 3.43 |  |
| 2022 | 16 | 8.52 | 11.00 | 156 | 1.25 |  | 1.15 | 1.85 |  | (0.60) | 0.11 |  |
| 2021 | 16 | 8.57 | 10.99 | 159 | 0.01 |  | 1.15 | 1.85 |  | (1.83) | (1.13) |  |
| **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** | **BNY Mellon VIF, Growth and Income Portfolio - Initial Shares** |
| 2025 | 1 | 47.81 | 68.52 | 57 | 0.45 |  | 1.15 | 1.65 |  | 14.92 | 15.50 |  |
| 2024 | 1 | 41.60 | 59.32 | 53 | 0.54 |  | 1.15 | 1.65 |  | 20.71 | 21.32 |  |
| 2023 | 1 | 34.46 | 48.90 | 49 | 0.65 |  | 1.15 | 1.65 |  | 24.62 | 25.24 |  |
| 2022 | 1 | 27.65 | 39.05 | 45 | 0.86 |  | 1.15 | 1.65 |  | (16.21) | (15.79) |  |
| 2021 | < 1 | 33.00 | 46.37 | 25 | 0.47 |  | 1.15 | 1.65 |  | 23.57 | 24.19 |  |
| **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** | **DWS Capital Growth VIP - Class A** |
| 2025 | 15 | 82.51 | 84.79 | 1227 | 0.05 |  | 0.70 | 0.80 |  | 11.63 | 11.74 |  |
| 2024 | 18 | 73.92 | 75.88 | 1352 | 0.19 |  | 0.70 | 0.80 |  | 25.60 | 25.73 |  |
| 2023 | 20 | 58.85 | 60.35 | 1230 | 0.07 |  | 0.70 | 0.80 |  | 37.47 | 37.61 |  |
| 2022 | 22 | 42.81 | 43.86 | 978 | 0.10 |  | 0.70 | 0.80 |  | (31.29) | (31.22) |  |
| 2021 | 29 | 62.30 | 63.77 | 1833 | 0.21 |  | 0.70 | 0.80 |  | 21.80 | 21.92 |  |
| **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** | **DWS Core Equity VIP - Class A** |
| 2025 | 11 | 61.51 | 63.21 | 698 | 0.80 |  | 0.70 | 0.80 |  | 15.90 | 16.02 |  |
| 2024 | 12 | 53.07 | 54.48 | 643 | 0.85 |  | 0.70 | 0.80 |  | 19.12 | 19.24 |  |
| 2023 | 14 | 44.55 | 45.69 | 622 | 0.91 |  | 0.70 | 0.80 |  | 24.57 | 24.70 |  |
| 2022 | 15 | 35.77 | 36.64 | 547 | 0.80 |  | 0.70 | 0.80 |  | (16.20) | (16.12) |  |
| 2021 | 15 | 42.68 | 43.68 | 665 | 0.76 |  | 0.70 | 0.80 |  | 24.30 | 24.42 |  |
| **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** | **DWS CROCI® International VIP - Class A** |
| 2025 | 7 | 22.19 | 22.81 | 161 | 2.76 |  | 0.70 | 0.80 |  | 43.75 | 43.89 |  |
| 2024 | 8 | 15.44 | 15.85 | 121 | 3.45 |  | 0.70 | 0.80 |  | 1.63 | 1.73 |  |
| 2023 | 9 | 15.19 | 15.58 | 141 | 3.29 |  | 0.70 | 0.80 |  | 18.00 | 18.12 |  |
| 2022 | 9 | 12.87 | 13.19 | 121 | 3.24 |  | 0.70 | 0.80 |  | (13.88) | (13.79) |  |
| 2021 | 9 | 14.95 | 15.30 | 144 | 2.39 |  | 0.70 | 0.80 |  | 8.37 | 8.47 |  |
| **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** | **DWS Global Income Builder VIP - Class A** |
| 2025 | 10 | 28.42 | 29.02 | 281 | 4.99 |  | 0.70 | 0.80 |  | 14.87 | 14.99 |  |
| 2024 | 18 | 24.74 | 25.24 | 442 | 3.62 |  | 0.70 | 0.80 |  | 8.23 | 8.33 |  |
| 2023 | 21 | 22.86 | 23.30 | 488 | 3.14 |  | 0.70 | 0.80 |  | 13.98 | 14.09 |  |
| 2022 | 21 | 20.06 | 20.42 | 431 | 2.93 |  | 0.70 | 0.80 |  | (15.66) | (15.57) |  |
| 2021 | 22 | 23.78 | 24.18 | 522 | 2.34 |  | 0.70 | 0.80 |  | 10.07 | 10.18 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** | **DWS Global Small Cap VIP - Class A** |
| 2025 | 7 | $59.22 | 60.86 | $453 | 1.21 | % | 0.70 | 0.80 | % | 19.55 | 19.67 | % |
| 2024 | 8 | 49.54 | 50.85 | 413 | 1.40 |  | 0.70 | 0.80 |  | 4.92 | 5.02 |  |
| 2023 | 9 | 47.22 | 48.42 | 451 | 0.90 |  | 0.70 | 0.80 |  | 23.57 | 23.69 |  |
| 2022 | 11 | 38.21 | 39.15 | 423 | 0.55 |  | 0.70 | 0.80 |  | (24.66) | (24.58) |  |
| 2021 | 11 | 50.72 | 51.91 | 587 | 0.36 |  | 0.70 | 0.80 |  | 14.02 | 14.14 |  |
| **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** | **DWS Government Money Market VIP - Class A** |
| 2025 | 15 | 11.25 | 11.47 | 176 | 3.94 |  | 0.70 | 0.80 |  | 3.12 | 3.23 |  |
| 2024 | 41 | 10.91 | 11.11 | 458 | 4.81 |  | 0.70 | 0.80 |  | 4.08 | 4.18 |  |
| 2023 | 42 | 10.48 | 10.67 | 446 | 4.79 |  | 0.70 | 0.80 |  | 3.91 | 4.02 |  |
| 2022 | 14 | 10.09 | 10.25 | 143 | 1.30 |  | 0.70 | 0.80 |  | 0.50 | 0.60 |  |
| 2021 | 14 | 10.04 | 10.19 | 144 | <0.01 |  | 0.70 | 0.80 |  | (0.79) | (0.69) |  |
| **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** | **DWS Small Mid Cap Growth VIP - Class A** |
| 2025 | 8 | 33.87 | 34.58 | 264 |  |  | 0.70 | 0.80 |  | 7.25 | 7.36 |  |
| 2024 | 8 | 31.58 | 32.21 | 254 |  |  | 0.70 | 0.80 |  | 4.31 | 4.41 |  |
| 2023 | 9 | 30.27 | 30.85 | 272 | 0.03 |  | 0.70 | 0.80 |  | 17.88 | 18.00 |  |
| 2022 | 11 | 25.68 | 26.14 | 289 |  |  | 0.70 | 0.80 |  | (28.59) | (28.52) |  |
| 2021 | 12 | 35.96 | 36.57 | 421 | 0.04 |  | 0.70 | 0.80 |  | 12.93 | 13.05 |  |
| **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** | **Federated Hermes Government Money Fund II** |
| 2025 | 98 | 9.89 | 11.63 | 1156 | 3.68 |  | 1.15 | 1.65 |  | 2.04 | 2.55 |  |
| 2024 | 119 | 8.96 | 11.34 | 1374 | 4.57 |  | 1.15 | 1.85 |  | 2.74 | 3.47 |  |
| 2023 | 127 | 8.72 | 10.96 | 1428 | 4.41 |  | 1.15 | 1.85 |  | 2.60 | 3.33 |  |
| 2022 | 137 | 8.50 | 10.61 | 1495 | 1.11 |  | 1.15 | 1.85 |  | (0.70) |  |  |
| 2021 | 149 | 8.56 | 10.61 | 1634 | <0.01 |  | 1.15 | 1.85 |  | (1.84) | (1.14) |  |
| **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** | **Fidelity® VIP Contrafund℠ Portfolio - Initial Class** |
| 2025 | 39 | 73.60 | 119.45 | 3816 | 0.13 |  | 1.15 | 1.65 |  | 19.49 | 20.09 |  |
| 2024 | 50 | 61.59 | 99.46 | 3985 | 0.18 |  | 1.15 | 1.65 |  | 31.59 | 32.25 |  |
| 2023 | 56 | 46.80 | 75.21 | 3392 | 0.43 |  | 1.15 | 1.65 |  | 31.28 | 31.93 |  |
| 2022 | 70 | 35.65 | 57.00 | 3130 | 0.47 |  | 1.15 | 1.65 |  | (27.52) | (27.15) |  |
| 2021 | 83 | 49.19 | 78.25 | 5108 | 0.07 |  | 1.15 | 1.65 |  | 25.74 | 26.37 |  |
| **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** | **Fidelity® VIP Contrafund℠ Portfolio - Service Class 2** |
| 2025 | 395 | 47.62 | 76.30 | 24525 |  |  | 1.29 | 2.44 |  | 18.26 | 19.64 |  |
| 2024 | 466 | 40.27 | 63.77 | 24247 | 0.03 |  | 1.29 | 2.44 |  | 30.20 | 31.72 |  |
| 2023 | 533 | 30.93 | 48.41 | 21059 | 0.25 |  | 1.29 | 2.44 |  | 29.90 | 31.41 |  |
| 2022 | 631 | 23.81 | 36.84 | 19121 | 0.25 |  | 1.29 | 2.44 |  | (28.27) | (27.43) |  |
| 2021 | 714 | 33.19 | 50.77 | 29924 | 0.03 |  | 1.29 | 2.44 |  | 24.42 | 25.87 |  |
| **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** | **Fidelity® VIP Equity-Income Portfolio℠ - Initial Class** |
| 2025 | 9 | 41.74 | 53.61 | 416 | 1.85 |  | 1.15 | 1.65 |  | 17.07 | 17.66 |  |
| 2024 | 9 | 35.65 | 45.56 | 355 | 1.67 |  | 1.15 | 1.65 |  | 13.45 | 14.02 |  |
| 2023 | 10 | 31.42 | 39.96 | 367 | 1.81 |  | 1.15 | 1.65 |  | 8.84 | 9.39 |  |
| 2022 | 13 | 28.87 | 36.53 | 426 | 1.87 |  | 1.15 | 1.65 |  | (6.51) | (6.04) |  |
| 2021 | 13 | 30.88 | 38.88 | 478 | 1.88 |  | 1.15 | 1.65 |  | 22.85 | 23.47 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Equity-Income Portfolio℠ - Service Class 2** |
| 2025 | 10 | $35.79 | 40.54 | $378 | 1.36 | % | 1.35 | 1.85 | % | 16.56 | 17.15 | % |
| 2024 | 13 | 30.70 | 34.61 | 436 | 1.57 |  | 1.35 | 1.85 |  | 12.93 | 13.50 |  |
| 2023 | 14 | 27.19 | 30.49 | 410 | 1.55 |  | 1.35 | 1.85 |  | 8.35 | 8.89 |  |
| 2022 | 17 | 25.09 | 28.00 | 470 | 1.68 |  | 1.35 | 1.85 |  | (6.99) | (6.52) |  |
| 2021 | 19 | 26.98 | 29.95 | 536 | 1.58 |  | 1.35 | 1.85 |  | 22.31 | 22.93 |  |
| **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2010 Portfolio℠ - Service Class 2** |
| 2025 | 102 | 16.69 | 20.58 | 1884 | 2.97 |  | 1.29 | 2.34 |  | 7.69 | 8.84 |  |
| 2024 | 110 | 15.50 | 18.91 | 1878 | 3.36 |  | 1.29 | 2.34 |  | 2.69 | 3.79 |  |
| 2023 | 114 | 15.09 | 18.22 | 1888 | 3.73 |  | 1.29 | 2.34 |  | 6.55 | 7.68 |  |
| 2022 | 122 | 14.16 | 16.92 | 1902 | 1.92 |  | 1.29 | 2.34 |  | (15.67) | (14.77) |  |
| 2021 | 132 | 16.79 | 19.85 | 2426 | 0.74 |  | 1.29 | 2.34 |  | 3.14 | 4.24 |  |
| **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2020 Portfolio℠ - Service Class 2** |
| 2025 | 62 | 18.95 | 23.83 | 1372 | 2.41 |  | 1.29 | 2.44 |  | 10.26 | 11.54 |  |
| 2024 | 70 | 17.18 | 21.37 | 1393 | 2.36 |  | 1.29 | 2.44 |  | 4.79 | 6.01 |  |
| 2023 | 86 | 16.40 | 20.15 | 1614 | 2.68 |  | 1.29 | 2.44 |  | 9.51 | 10.78 |  |
| 2022 | 122 | 14.98 | 18.19 | 2112 | 1.81 |  | 1.29 | 2.44 |  | (18.00) | (17.05) |  |
| 2021 | 150 | 18.26 | 21.93 | 3108 | 0.81 |  | 1.29 | 2.44 |  | 6.61 | 7.86 |  |
| **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom 2030 Portfolio℠ - Service Class 2** |
| 2025 | 26 | 21.85 | 27.76 | 655 | 2.15 |  | 1.29 | 2.49 |  | 12.32 | 13.68 |  |
| 2024 | 28 | 19.46 | 24.42 | 633 | 1.93 |  | 1.29 | 2.49 |  | 6.42 | 7.72 |  |
| 2023 | 34 | 18.28 | 22.67 | 719 | 2.25 |  | 1.29 | 2.49 |  | 11.64 | 12.99 |  |
| 2022 | 36 | 16.38 | 20.07 | 673 | 1.71 |  | 1.29 | 2.49 |  | (19.13) | (18.15) |  |
| 2021 | 37 | 20.25 | 24.52 | 847 | 0.82 |  | 1.29 | 2.49 |  | 9.30 | 10.63 |  |
| **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** | **Fidelity® VIP Freedom Income Portfolio℠ - Service Class 2** |
| 2025 | 8 | 13.56 | 16.56 | 133 | 2.64 |  | 1.29 | 2.29 |  | 6.82 | 7.90 |  |
| 2024 | 27 | 12.70 | 15.35 | 378 | 3.27 |  | 1.29 | 2.29 |  | 1.82 | 2.85 |  |
| 2023 | 29 | 12.47 | 14.92 | 393 | 4.02 |  | 1.29 | 2.29 |  | 5.20 | 6.27 |  |
| 2022 | 30 | 11.86 | 14.04 | 395 | 1.95 |  | 1.29 | 2.29 |  | (14.26) | (13.39) |  |
| 2021 | 38 | 13.83 | 16.21 | 576 | 0.77 |  | 1.29 | 2.29 |  | 0.68 | 1.70 |  |
| **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** | **Fidelity® VIP Government Money Market Portfolio - Initial Class** |
| 2025 | 4929 | 10.02 | 11.42 | 52604 | 4.06 |  | 0.70 | 2.05 |  | 2.02 | 3.41 |  |
| 2024 | 5676 | 9.82 | 11.04 | 58947 | 4.97 |  | 0.70 | 2.05 |  | 2.96 | 4.37 |  |
| 2023 | 4281 | 9.54 | 10.58 | 42891 | 4.83 |  | 0.70 | 2.05 |  | 2.77 | 4.16 |  |
| 2022 | 2786 | 9.28 | 10.16 | 26967 | 1.42 |  | 0.70 | 2.05 |  | (0.62) | 0.73 |  |
| 2021 | 2784 | 9.34 | 10.08 | 26955 | <0.01 |  | 0.70 | 2.05 |  | (2.02) | (0.69) |  |
| **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** | **Fidelity® VIP Government Money Market Portfolio - Service Class 2** |
| 2025 | 6849 | 8.03 | 9.82 | 67054 | 3.79 |  | 1.25 | 2.59 |  | 1.19 | 2.57 |  |
| 2024 | 7787 | 7.93 | 9.58 | 74853 | 4.73 |  | 1.25 | 2.59 |  | 2.13 | 3.53 |  |
| 2023 | 7141 | 7.77 | 9.25 | 66368 | 4.60 |  | 1.25 | 2.59 |  | 1.95 | 3.34 |  |
| 2022 | 3859 | 7.62 | 8.95 | 35027 | 1.24 |  | 1.25 | 2.59 |  | (1.34) | 0.01 |  |
| 2021 | 4054 | 7.72 | 8.95 | 36975 | <0.01 |  | 1.25 | 2.59 |  | (2.56) | (1.23) |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** | **Fidelity® VIP Growth & Income Portfolio - Service Class 2** |
| 2025 | 64 | $44.00 | 55.99 | $3286 | 1.29 | % | 1.29 | 2.44 | % | 18.27 | 19.65 | % |
| 2024 | 75 | 37.20 | 46.80 | 3191 | 1.29 |  | 1.29 | 2.44 |  | 18.99 | 20.38 |  |
| 2023 | 81 | 31.27 | 38.87 | 2912 | 1.39 |  | 1.29 | 2.44 |  | 15.50 | 16.85 |  |
| 2022 | 96 | 27.07 | 33.27 | 2944 | 1.40 |  | 1.29 | 2.44 |  | (7.47) | (6.39) |  |
| 2021 | 113 | 29.25 | 35.54 | 3741 | 2.16 |  | 1.29 | 2.44 |  | 22.59 | 24.02 |  |
| **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** | **Fidelity® VIP Growth Opportunities Portfolio - Service Class 2** |
| 2025 | 28 | 80.44 | 101.17 | 2754 |  |  | 1.29 | 2.44 |  | 18.69 | 20.07 |  |
| 2024 | 30 | 67.77 | 84.26 | 2439 |  |  | 1.29 | 2.44 |  | 35.18 | 36.77 |  |
| 2023 | 26 | 50.13 | 61.61 | 1522 |  |  | 1.29 | 2.44 |  | 41.79 | 43.44 |  |
| 2022 | 36 | 35.36 | 42.95 | 1427 |  |  | 1.29 | 2.44 |  | (39.81) | (39.11) |  |
| 2021 | 39 | 58.74 | 70.54 | 2577 |  |  | 1.29 | 2.44 |  | 8.96 | 10.23 |  |
| **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** | **Fidelity® VIP Growth Portfolio - Initial Class** |
| 2025 | 52 | 49.40 | 89.55 | 3685 | 0.28 |  | 1.15 | 1.65 |  | 13.02 | 13.59 |  |
| 2024 | 56 | 43.71 | 78.84 | 3525 | <0.01 |  | 1.15 | 1.65 |  | 28.25 | 28.89 |  |
| 2023 | 61 | 34.08 | 61.16 | 2989 | 0.12 |  | 1.15 | 1.65 |  | 34.02 | 34.68 |  |
| 2022 | 75 | 25.43 | 45.41 | 2660 | 0.62 |  | 1.15 | 1.65 |  | (25.69) | (25.32) |  |
| 2021 | 86 | 34.22 | 60.81 | 4069 |  |  | 1.15 | 1.65 |  | 21.20 | 21.81 |  |
| **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** | **Fidelity® VIP Growth Portfolio - Service Class 2** |
| 2025 | 2 | 63.82 | 71.23 | 134 | 0.04 |  | 1.35 | 1.75 |  | 12.61 | 13.06 |  |
| 2024 | 3 | 56.45 | 63.26 | 184 |  |  | 1.35 | 1.75 |  | 27.80 | 28.31 |  |
| 2023 | 4 | 43.99 | 49.50 | 187 | <0.01 |  | 1.35 | 1.75 |  | 33.53 | 34.06 |  |
| 2022 | 4 | 29.40 | 32.81 | 142 | 0.35 |  | 1.35 | 1.85 |  | (26.03) | (25.66) |  |
| 2021 | 5 | 39.75 | 44.14 | 201 |  |  | 1.35 | 1.85 |  | 20.64 | 21.25 |  |
| **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** | **Fidelity® VIP High Income Portfolio - Initial Class** |
| 2025 | 5 | 22.13 | 24.94 | 112 | 5.70 |  | 1.15 | 1.59 |  | 8.62 | 9.10 |  |
| 2024 | 6 | 20.38 | 22.86 | 132 | 6.14 |  | 1.15 | 1.59 |  | 7.24 | 7.72 |  |
| 2023 | 7 | 19.00 | 21.22 | 133 | 5.79 |  | 1.15 | 1.59 |  | 8.74 | 9.22 |  |
| 2022 | 7 | 16.90 | 19.43 | 119 | 4.66 |  | 1.15 | 1.65 |  | (12.82) | (12.39) |  |
| 2021 | 8 | 19.39 | 22.18 | 166 | 4.91 |  | 1.15 | 1.65 |  | 2.70 | 3.22 |  |
| **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** | **Fidelity® VIP High Income Portfolio - Service Class 2** |
| 2025 | 43 | 18.04 | 22.95 | 923 | 6.60 |  | 1.29 | 2.44 |  | 7.64 | 8.89 |  |
| 2024 | 46 | 16.76 | 21.08 | 912 | 6.01 |  | 1.29 | 2.44 |  | 5.97 | 7.21 |  |
| 2023 | 51 | 15.81 | 19.66 | 941 | 5.40 |  | 1.29 | 2.44 |  | 7.57 | 8.82 |  |
| 2022 | 59 | 14.70 | 18.07 | 995 | 4.87 |  | 1.29 | 2.44 |  | (13.81) | (12.81) |  |
| 2021 | 66 | 17.05 | 20.72 | 1281 | 5.02 |  | 1.29 | 2.44 |  | 1.76 | 2.95 |  |
| **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** | **Fidelity® VIP Index 500 Portfolio - Initial Class** |
| 2025 | 58 | 47.26 | 55.44 | 3194 | 1.13 |  | 1.15 | 1.65 |  | 15.85 | 16.43 |  |
| 2024 | 64 | 40.79 | 47.62 | 3036 | 1.27 |  | 1.15 | 1.65 |  | 22.84 | 23.46 |  |
| 2023 | 70 | 33.21 | 38.57 | 2699 | 1.46 |  | 1.15 | 1.65 |  | 24.14 | 24.76 |  |
| 2022 | 76 | 26.75 | 30.92 | 2338 | 1.38 |  | 1.15 | 1.65 |  | (19.55) | (19.15) |  |
| 2021 | 105 | 33.25 | 38.24 | 3971 | 1.22 |  | 1.15 | 1.65 |  | 26.47 | 27.11 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** | **Fidelity® VIP Index 500 Portfolio - Service Class 2** |
| 2025 | 83 | $44.12 | 55.49 | $4266 | 0.92 | % | 1.29 | 2.44 | % | 14.64 | 15.97 | % |
| 2024 | 89 | 38.49 | 47.85 | 3975 | 1.02 |  | 1.29 | 2.44 |  | 21.55 | 22.97 |  |
| 2023 | 105 | 31.66 | 38.91 | 3797 | 1.08 |  | 1.29 | 2.44 |  | 22.84 | 24.26 |  |
| 2022 | 186 | 25.78 | 31.31 | 5436 | 1.15 |  | 1.29 | 2.44 |  | (20.39) | (19.47) |  |
| 2021 | 211 | 32.38 | 38.88 | 7680 | 0.90 |  | 1.29 | 2.44 |  | 25.15 | 26.61 |  |
| **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** | **Fidelity® VIP Investment Grade Bond Portfolio - Initial Class** |
| 2025 | 17 | 20.79 | 21.92 | 370 | 3.49 |  | 1.25 | 1.45 |  | 5.68 | 5.89 |  |
| 2024 | 18 | 19.67 | 20.70 | 373 | 3.08 |  | 1.25 | 1.45 |  | 0.32 | 0.52 |  |
| 2023 | 23 | 19.61 | 20.59 | 465 | 2.61 |  | 1.25 | 1.45 |  | 4.68 | 4.89 |  |
| 2022 | 24 | 18.73 | 19.63 | 463 | 2.17 |  | 1.25 | 1.45 |  | (14.21) | (14.04) |  |
| 2021 | 26 | 21.84 | 22.84 | 592 | 1.98 |  | 1.25 | 1.45 |  | (2.04) | (1.84) |  |
| **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** | **Fidelity® VIP Investment Grade Bond Portfolio - Service Class 2** |
| 2025 | < 1 | 16.29 | 16.29 | < 1 | 3.32 |  | 1.50 | 1.50 |  | 5.33 | 5.33 |  |
| 2024 | < 1 | 15.47 | 15.47 | < 1 | 3.63 |  | 1.50 | 1.50 |  | (0.03) | (0.03) |  |
| 2023 | < 1 | 15.47 | 15.47 | < 1 | 2.52 |  | 1.50 | 1.50 |  | 4.42 | 4.42 |  |
| 2022 | < 1 | 14.82 | 14.82 | < 1 | 1.98 |  | 1.50 | 1.50 |  | (14.51) | (14.51) |  |
| 2021 | < 1 | 17.33 | 17.33 | < 1 | 1.96 |  | 1.50 | 1.50 |  | (2.38) | (2.38) |  |
| **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** | **Fidelity® VIP Mid Cap Portfolio - Service Class 2** |
| 2025 | 134 | 29.72 | 50.85 | 5349 | 0.24 |  | 1.29 | 2.44 |  | 8.79 | 10.05 |  |
| 2024 | 149 | 27.32 | 46.20 | 5402 | 0.34 |  | 1.29 | 2.44 |  | 14.32 | 15.66 |  |
| 2023 | 167 | 23.90 | 39.95 | 5226 | 0.38 |  | 1.29 | 2.44 |  | 12.03 | 13.33 |  |
| 2022 | 184 | 21.33 | 35.25 | 5091 | 0.26 |  | 1.29 | 2.44 |  | (17.03) | (16.06) |  |
| 2021 | 212 | 25.71 | 42.00 | 7065 | 0.35 |  | 1.29 | 2.44 |  | 22.27 | 23.69 |  |
| **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** | **Fidelity® VIP Overseas Portfolio - Initial Class** |
| 2025 | 15 | 20.80 | 22.74 | 381 | 1.57 |  | 1.15 | 1.65 |  | 18.42 | 19.01 |  |
| 2024 | 16 | 17.56 | 19.11 | 347 | 1.59 |  | 1.15 | 1.65 |  | 3.32 | 3.85 |  |
| 2023 | 18 | 17.00 | 18.40 | 368 | 1.04 |  | 1.15 | 1.65 |  | 18.54 | 19.13 |  |
| 2022 | 19 | 14.34 | 15.44 | 327 | 0.85 |  | 1.15 | 1.65 |  | (25.72) | (25.35) |  |
| 2021 | 29 | 19.30 | 20.69 | 665 | 0.53 |  | 1.15 | 1.65 |  | 17.74 | 18.33 |  |
| **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** | **Fidelity® VIP Overseas Portfolio - Service Class 2** |
| 2025 |  | 33.10 | 33.10 |  |  |  | 1.50 | 1.50 |  | 18.26 | 18.26 |  |
| 2024 | < 1 | 27.99 | 27.99 | < 1 | 1.47 |  | 1.50 | 1.50 |  | 3.23 | 3.23 |  |
| 2023 | < 1 | 27.11 | 27.11 | < 1 | 0.78 |  | 1.50 | 1.50 |  | 18.42 | 18.42 |  |
| 2022 | < 1 | 22.90 | 22.90 | < 1 | 0.85 |  | 1.50 | 1.50 |  | (25.81) | (25.81) |  |
| 2021 | < 1 | 30.75 | 30.86 | < 1 | 0.35 |  | 1.50 | 1.80 |  | 17.25 | 17.60 |  |
| **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** | **Franklin DynaTech VIP Fund - Class 2** |
| 2025 | 15 | 50.75 | 61.27 | 870 |  |  | 1.29 | 2.19 |  | 15.56 | 16.61 |  |
| 2024 | 19 | 43.91 | 52.55 | 943 |  |  | 1.29 | 2.19 |  | 27.59 | 28.76 |  |
| 2023 | 24 | 34.42 | 40.81 | 893 |  |  | 1.29 | 2.19 |  | 40.65 | 41.93 |  |
| 2022 | 28 | 24.47 | 28.75 | 748 |  |  | 1.29 | 2.19 |  | (41.26) | (40.73) |  |
| 2021 | 27 | 41.66 | 48.51 | 1204 |  |  | 1.29 | 2.19 |  | 13.61 | 14.65 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** | **Franklin Growth and Income VIP Fund - Class 2** |
| 2025 | 221 | $43.06 | 57.74 | $11792 | 2.16 | % | 1.29 | 2.54 | % | 13.95 | 15.40 | % |
| 2024 | 245 | 37.79 | 50.04 | 11376 | 2.28 |  | 1.29 | 2.54 |  | 15.00 | 16.46 |  |
| 2023 | 293 | 32.86 | 42.97 | 11724 | 2.22 |  | 1.29 | 2.54 |  | 6.24 | 7.58 |  |
| 2022 | 341 | 30.93 | 39.94 | 12692 | 2.98 |  | 1.29 | 2.54 |  | (9.16) | (8.01) |  |
| 2021 | 386 | 34.05 | 43.41 | 15685 | 2.47 |  | 1.29 | 2.54 |  | 22.08 | 23.63 |  |
| **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** | **Franklin Income VIP Fund - Class 2** |
| 2025 | 1285 | 22.32 | 29.81 | 35670 | 5.03 |  | 1.28 | 2.59 |  | 9.66 | 11.13 |  |
| 2024 | 1531 | 20.35 | 26.83 | 38379 | 5.23 |  | 1.28 | 2.59 |  | 4.43 | 5.83 |  |
| 2023 | 1692 | 19.49 | 25.35 | 40169 | 5.17 |  | 1.28 | 2.59 |  | 5.84 | 7.25 |  |
| 2022 | 1973 | 18.41 | 23.64 | 43775 | 4.87 |  | 1.28 | 2.59 |  | (7.90) | (6.67) |  |
| 2021 | 2155 | 19.99 | 25.33 | 51369 | 4.66 |  | 1.28 | 2.59 |  | 13.75 | 15.27 |  |
| **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** | **Franklin Large Cap Growth VIP Fund - Class 2** |
| 2025 | 172 | 39.25 | 51.39 | 8331 |  |  | 1.29 | 2.54 |  | 4.51 | 5.84 |  |
| 2024 | 204 | 37.55 | 48.55 | 9358 |  |  | 1.29 | 2.54 |  | 23.09 | 24.66 |  |
| 2023 | 268 | 30.51 | 38.95 | 9904 |  |  | 1.29 | 2.54 |  | 36.91 | 38.64 |  |
| 2022 | 343 | 22.28 | 28.09 | 9159 |  |  | 1.29 | 2.54 |  | (38.14) | (37.35) |  |
| 2021 | 395 | 36.02 | 44.84 | 16700 |  |  | 1.29 | 2.54 |  | 12.37 | 13.79 |  |
| **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** | **Franklin Mutual Global Discovery VIP Fund - Class 2** |
| 2025 | 144 | 24.05 | 38.73 | 4354 | 1.82 |  | 1.29 | 2.54 |  | 20.23 | 21.75 |  |
| 2024 | 168 | 20.00 | 31.81 | 4198 | 1.74 |  | 1.29 | 2.54 |  | 2.00 | 3.30 |  |
| 2023 | 182 | 19.61 | 30.79 | 4415 | 2.39 |  | 1.29 | 2.54 |  | 17.28 | 18.77 |  |
| 2022 | 224 | 16.72 | 25.93 | 4615 | 1.37 |  | 1.29 | 2.54 |  | (7.15) | (5.97) |  |
| 2021 | 256 | 18.01 | 27.57 | 5629 | 2.64 |  | 1.29 | 2.54 |  | 16.12 | 17.59 |  |
| **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** | **Franklin Mutual Shares VIP Fund - Class 2** |
| 2025 | 662 | 28.34 | 30.56 | 21641 | 1.99 |  | 1.28 | 2.69 |  | 8.54 | 10.10 |  |
| 2024 | 759 | 26.11 | 27.76 | 22649 | 1.96 |  | 1.28 | 2.69 |  | 8.28 | 9.85 |  |
| 2023 | 854 | 24.11 | 25.27 | 23360 | 1.85 |  | 1.28 | 2.69 |  | 10.44 | 12.02 |  |
| 2022 | 967 | 21.83 | 22.56 | 23747 | 1.82 |  | 1.28 | 2.69 |  | (9.90) | (8.61) |  |
| 2021 | 1098 | 24.23 | 24.68 | 29612 | 2.84 |  | 1.28 | 2.69 |  | 15.99 | 17.65 |  |
| **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** | **Franklin Small Cap Value VIP Fund - Class 2** |
| 2025 | 192 | 41.06 | 49.82 | 10878 | 1.08 |  | 1.28 | 2.69 |  | 4.78 | 6.28 |  |
| 2024 | 238 | 38.63 | 47.55 | 12444 | 0.94 |  | 1.28 | 2.69 |  | 8.71 | 10.28 |  |
| 2023 | 267 | 35.03 | 43.74 | 12811 | 0.53 |  | 1.28 | 2.69 |  | 9.74 | 11.32 |  |
| 2022 | 297 | 31.47 | 39.86 | 12868 | 0.97 |  | 1.28 | 2.69 |  | (12.46) | (11.21) |  |
| 2021 | 330 | 35.44 | 45.53 | 16384 | 1.00 |  | 1.28 | 2.69 |  | 22.02 | 23.77 |  |
| **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** | **Franklin Small-Mid Cap Growth VIP Fund - Class 2** |
| 2025 | 13 | 54.18 | 68.49 | 792 |  |  | 1.29 | 2.29 |  | 0.18 | 1.20 |  |
| 2024 | 13 | 54.08 | 67.68 | 802 |  |  | 1.29 | 2.29 |  | 8.49 | 9.60 |  |
| 2023 | 14 | 49.85 | 61.75 | 819 |  |  | 1.29 | 2.29 |  | 23.86 | 25.11 |  |
| 2022 | 15 | 40.24 | 49.36 | 713 |  |  | 1.29 | 2.29 |  | (35.20) | (34.54) |  |
| 2021 | 15 | 62.11 | 75.40 | 1044 |  |  | 1.29 | 2.29 |  | 7.51 | 8.60 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** | **Franklin U.S. Government Securities VIP Fund - Class 2** |
| 2025 | 278 | $9.86 | 12.70 | $3176 | 3.18 | % | 1.29 | 2.44 | % | 4.11 | 5.32 | % |
| 2024 | 302 | 9.47 | 12.06 | 3306 | 3.11 |  | 1.29 | 2.44 |  | (1.10) | 0.06 |  |
| 2023 | 338 | 9.58 | 12.05 | 3734 | 2.71 |  | 1.29 | 2.44 |  | 1.94 | 3.12 |  |
| 2022 | 366 | 9.40 | 11.69 | 4012 | 2.29 |  | 1.29 | 2.44 |  | (11.94) | (10.91) |  |
| 2021 | 457 | 10.20 | 13.12 | 5647 | 2.44 |  | 1.29 | 2.69 |  | (4.45) | (3.09) |  |
| **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Large Cap Value Fund - Institutional Class** |
| 2025 | 32 | 27.35 | 34.81 | 997 | 1.03 |  | 1.29 | 2.44 |  | 8.20 | 9.46 |  |
| 2024 | 38 | 25.28 | 31.80 | 1108 | 1.36 |  | 1.29 | 2.44 |  | 14.24 | 15.58 |  |
| 2023 | 44 | 21.51 | 27.52 | 1106 | 1.68 |  | 1.29 | 2.59 |  | 10.11 | 11.56 |  |
| 2022 | 52 | 19.53 | 24.66 | 1184 | 1.32 |  | 1.29 | 2.59 |  | (8.77) | (7.57) |  |
| 2021 | 59 | 21.41 | 26.69 | 1446 | 1.12 |  | 1.29 | 2.59 |  | 20.94 | 22.53 |  |
| **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** | **Goldman Sachs VIT Mid Cap Value Fund - Institutional Class** |
| 2025 | 28 | 36.13 | 43.63 | 1169 | 1.18 |  | 1.29 | 2.19 |  | 7.01 | 7.99 |  |
| 2024 | 34 | 33.10 | 40.40 | 1296 | 1.00 |  | 1.29 | 2.29 |  | 9.83 | 10.94 |  |
| 2023 | 36 | 30.14 | 36.42 | 1255 | 0.97 |  | 1.29 | 2.29 |  | 8.89 | 9.99 |  |
| 2022 | 42 | 27.68 | 33.11 | 1326 | 0.64 |  | 1.29 | 2.29 |  | (12.03) | (11.15) |  |
| 2021 | 49 | 31.46 | 37.27 | 1726 | 0.47 |  | 1.29 | 2.29 |  | 27.97 | 29.26 |  |
| **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT Small Cap Equity Insights Fund - Institutional Class** |
| 2025 | 52 | 31.99 | 69.36 | 1989 | 0.69 |  | 1.15 | 2.44 |  | 13.33 | 14.81 |  |
| 2024 | 65 | 28.23 | 60.41 | 2160 | 0.92 |  | 1.15 | 2.44 |  | 16.15 | 17.68 |  |
| 2023 | 78 | 24.31 | 51.33 | 2198 | 1.01 |  | 1.15 | 2.44 |  | 16.39 | 17.92 |  |
| 2022 | 90 | 20.88 | 43.53 | 2152 | 0.30 |  | 1.15 | 2.44 |  | (21.33) | (20.30) |  |
| 2021 | 100 | 26.55 | 54.62 | 3047 | 0.45 |  | 1.15 | 2.44 |  | 20.79 | 22.37 |  |
| **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** | **Goldman Sachs VIT Strategic Growth Fund - Institutional Class** |
| 2025 | < 1 | 72.20 | 76.64 | 10 |  |  | 1.37 | 1.59 |  | 16.06 | 16.32 |  |
| 2024 | < 1 | 62.21 | 65.89 | 8 |  |  | 1.37 | 1.59 |  | 30.27 | 30.56 |  |
| 2023 | < 1 | 47.75 | 50.47 | 6 |  |  | 1.37 | 1.59 |  | 39.71 | 40.02 |  |
| 2022 | < 1 | 34.18 | 36.04 | 5 |  |  | 1.37 | 1.59 |  | (33.58) | (33.43) |  |
| 2021 | < 1 | 51.46 | 54.15 | 7 |  |  | 1.37 | 1.59 |  | 20.00 | 20.27 |  |
| **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** | **Goldman Sachs VIT U.S. Equity Insights Fund - Institutional Class** |
| 2025 | 29 | 45.12 | 57.42 | 1542 | 0.65 |  | 1.29 | 2.44 |  | 12.94 | 14.26 |  |
| 2024 | 38 | 39.95 | 50.26 | 1778 | 0.62 |  | 1.29 | 2.44 |  | 25.20 | 26.66 |  |
| 2023 | 48 | 31.91 | 39.68 | 1762 | 0.65 |  | 1.29 | 2.44 |  | 20.82 | 22.22 |  |
| 2022 | 61 | 26.41 | 32.47 | 1833 | 0.75 |  | 1.29 | 2.44 |  | (21.68) | (20.77) |  |
| 2021 | 71 | 33.73 | 40.98 | 2706 | 0.74 |  | 1.29 | 2.44 |  | 26.27 | 27.74 |  |
| **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** | **Invesco V.I. American Franchise Fund - Series I** |
| 2025 | 1546 | 42.39 | 42.64 | 82438 |  |  | 0.70 | 2.20 |  | 9.24 | 10.89 |  |
| 2024 | 1757 | 38.23 | 49.64 | 85053 |  |  | 0.70 | 2.30 |  | 31.81 | 33.94 |  |
| 2023 | 1986 | 28.54 | 37.66 | 72621 |  |  | 0.70 | 2.30 |  | 37.73 | 39.95 |  |
| 2022 | 2183 | 20.39 | 27.34 | 57293 |  |  | 0.70 | 2.30 |  | (32.68) | (31.59) |  |
| 2021 | 2440 | 29.81 | 40.62 | 94146 |  |  | 0.70 | 2.30 |  | 9.38 | 11.15 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** | **Invesco V.I. American Franchise Fund - Series II** |
| 2025 | 345 | $61.64 | 81.01 | $17605 |  | % | 1.29 | 2.44 | % | 8.69 | 9.95 | % |
| 2024 | 384 | 56.71 | 73.68 | 17991 |  |  | 1.29 | 2.44 |  | 31.28 | 32.82 |  |
| 2023 | 428 | 43.20 | 55.47 | 15350 |  |  | 1.29 | 2.44 |  | 37.20 | 38.79 |  |
| 2022 | 506 | 31.49 | 39.97 | 13360 |  |  | 1.29 | 2.44 |  | (32.96) | (32.18) |  |
| 2021 | 548 | 46.97 | 58.93 | 21627 |  |  | 1.29 | 2.44 |  | 8.94 | 10.21 |  |
| **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** | **Invesco V.I. American Value Fund - Series I** |
| 2025 | 846 | 46.80 | 81.03 | 34285 | 0.46 |  | 0.70 | 2.69 |  | 17.77 | 20.16 |  |
| 2024 | 953 | 39.74 | 67.43 | 32329 | 1.00 |  | 0.70 | 2.69 |  | 26.91 | 29.50 |  |
| 2023 | 1071 | 31.31 | 52.07 | 27946 | 0.63 |  | 0.70 | 2.69 |  | 12.52 | 14.80 |  |
| 2022 | 1233 | 27.83 | 45.36 | 28094 | 0.73 |  | 0.70 | 2.69 |  | (5.21) | (3.29) |  |
| 2021 | 1400 | 29.36 | 46.91 | 33387 | 0.44 |  | 0.70 | 2.69 |  | 24.53 | 27.06 |  |
| **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** | **Invesco V.I. American Value Fund - Series II** |
| 2025 | 194 | 60.62 | 81.75 | 12727 | 0.21 |  | 1.29 | 2.59 |  | 17.65 | 19.20 |  |
| 2024 | 222 | 51.52 | 68.58 | 12324 | 0.76 |  | 1.29 | 2.59 |  | 26.73 | 28.41 |  |
| 2023 | 273 | 40.66 | 53.41 | 11599 | 0.37 |  | 1.29 | 2.59 |  | 12.33 | 13.81 |  |
| 2022 | 314 | 36.19 | 46.93 | 11906 | 0.45 |  | 1.29 | 2.59 |  | (5.36) | (4.11) |  |
| 2021 | 370 | 38.24 | 48.94 | 14798 | 0.24 |  | 1.29 | 2.59 |  | 24.34 | 25.98 |  |
| **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** | **Invesco V.I. Comstock Fund - Series I** |
| 2025 | 353 | 42.49 | 61.49 | 18300 | 1.62 |  | 0.70 | 2.30 |  | 14.78 | 16.63 |  |
| 2024 | 419 | 37.02 | 52.72 | 18780 | 1.74 |  | 0.70 | 2.30 |  | 12.54 | 14.37 |  |
| 2023 | 467 | 32.89 | 46.10 | 18394 | 1.79 |  | 0.70 | 2.30 |  | 9.81 | 11.58 |  |
| 2022 | 513 | 29.95 | 41.32 | 18252 | 1.60 |  | 0.70 | 2.30 |  | (1.17) | 0.42 |  |
| 2021 | 554 | 30.31 | 41.14 | 19760 | 1.80 |  | 0.70 | 2.30 |  | 30.33 | 32.43 |  |
| **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** | **Invesco V.I. Comstock Fund - Series II** |
| 2025 | 983 | 44.95 | 60.62 | 47482 | 1.41 |  | 1.29 | 2.59 |  | 14.13 | 15.63 |  |
| 2024 | 1146 | 39.39 | 52.43 | 48022 | 1.47 |  | 1.29 | 2.59 |  | 11.90 | 13.38 |  |
| 2023 | 1327 | 35.20 | 46.24 | 49208 | 1.55 |  | 1.29 | 2.59 |  | 9.22 | 10.66 |  |
| 2022 | 1486 | 32.23 | 41.79 | 50228 | 1.31 |  | 1.29 | 2.59 |  | (1.74) | (0.45) |  |
| 2021 | 1722 | 32.80 | 41.98 | 58555 | 1.58 |  | 1.29 | 2.59 |  | 29.62 | 31.33 |  |
| **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** | **Invesco V.I. Core Equity Fund - Series I** |
| 2025 | 1066 | 34.17 | 44.75 | 52774 | 0.65 |  | 0.83 | 2.20 |  | 13.64 | 15.21 |  |
| 2024 | 1196 | 30.07 | 39.80 | 51954 | 0.69 |  | 0.70 | 2.20 |  | 22.86 | 24.73 |  |
| 2023 | 1357 | 24.48 | 31.91 | 47630 | 0.72 |  | 0.70 | 2.20 |  | 20.69 | 22.51 |  |
| 2022 | 1567 | 20.28 | 26.04 | 44795 | 0.91 |  | 0.70 | 2.20 |  | (22.27) | (21.10) |  |
| 2021 | 1697 | 26.09 | 33.01 | 62127 | 0.65 |  | 0.70 | 2.20 |  | 24.96 | 26.85 |  |
| **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** | **Invesco V.I. Core Equity Fund - Series II** |
| 2025 | 21 | 30.91 | 38.88 | 751 | 0.42 |  | 1.29 | 2.44 |  | 13.08 | 14.39 |  |
| 2024 | 22 | 27.34 | 33.99 | 695 | 0.48 |  | 1.29 | 2.44 |  | 22.24 | 23.67 |  |
| 2023 | 25 | 22.36 | 27.48 | 645 | 0.48 |  | 1.29 | 2.44 |  | 20.11 | 21.51 |  |
| 2022 | 29 | 18.62 | 22.62 | 626 | 0.58 |  | 1.29 | 2.44 |  | (22.67) | (21.77) |  |
| 2021 | 37 | 24.08 | 28.91 | 1034 | 0.44 |  | 1.29 | 2.44 |  | 24.29 | 25.74 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** | **Invesco V.I. Core Plus Bond Fund - Series I** |
| 2025 | 210 | $14.61 | 16.99 | $3453 | 4.20 | % | 1.10 | 1.85 | % | 5.12 | 5.92 | % |
| 2024 | 226 | 13.90 | 16.04 | 3535 | 3.58 |  | 1.10 | 1.85 |  | 1.15 | 1.93 |  |
| 2023 | 252 | 13.74 | 15.74 | 3887 | 2.52 |  | 1.10 | 1.85 |  | 4.19 | 4.98 |  |
| 2022 | 277 | 13.19 | 14.99 | 4078 | 0.56 |  | 1.10 | 1.85 |  | (16.11) | (15.47) |  |
| 2021 | 289 | 15.72 | 17.74 | 5081 | 1.48 |  | 1.10 | 1.85 |  | (2.49) | (1.74) |  |
| **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** | **Invesco V.I. Core Plus Bond Fund - Series II** |
| 2025 | 373 | 10.09 | 10.53 | 3922 | 4.18 |  | 1.29 | 2.44 |  | 4.37 | 5.59 |  |
| 2024 | 411 | 9.67 | 9.98 | 4096 | 3.32 |  | 1.29 | 2.44 |  | 0.22 | 1.39 |  |
| 2023 | 496 | 9.65 | 9.84 | 4870 | 2.40 |  | 1.29 | 2.44 |  | 3.29 | 4.49 |  |
| 2022 | 569 | 9.34 | 9.42 | 5428 | 0.57 |  | 1.29 | 2.44 |  | (6.57) | (5.84) |  |
| 2021 | 22 | 14.05 | 15.84 | 342 | 1.51 |  | 1.50 | 2.10 |  | (3.07) | (2.48) |  |
| **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** | **Invesco V.I. Discovery Large Cap Fund - Series I** |
| 2025 | 71 | 41.84 | 59.22 | 4021 |  |  | 1.15 | 1.85 |  | 10.72 | 11.51 |  |
| 2024 | 76 | 37.79 | 53.11 | 3836 |  |  | 1.15 | 1.85 |  | 31.68 | 32.62 |  |
| 2023 | 90 | 28.70 | 40.05 | 3353 |  |  | 1.15 | 1.85 |  | 32.89 | 33.83 |  |
| 2022 | 101 | 21.60 | 29.92 | 2765 |  |  | 1.15 | 1.85 |  | (32.06) | (31.57) |  |
| 2021 | 107 | 31.79 | 43.73 | 4288 |  |  | 1.15 | 1.85 |  | 20.31 | 21.17 |  |
| **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** | **Invesco V.I. Discovery Large Cap Fund - Series II** |
| 2025 | 201 | 50.10 | 69.14 | 12849 |  |  | 1.29 | 2.69 |  | 9.53 | 11.08 |  |
| 2024 | 230 | 45.74 | 62.24 | 13253 |  |  | 1.29 | 2.69 |  | 30.23 | 32.09 |  |
| 2023 | 269 | 35.12 | 47.12 | 11801 |  |  | 1.29 | 2.69 |  | 31.44 | 33.30 |  |
| 2022 | 317 | 26.72 | 35.35 | 10463 |  |  | 1.29 | 2.69 |  | (32.81) | (31.85) |  |
| 2021 | 339 | 39.76 | 51.87 | 16552 |  |  | 1.29 | 2.69 |  | 19.02 | 20.71 |  |
| **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series I** |
| 2025 | 285 | 16.30 | 16.87 | 4868 |  |  | 1.10 | 1.70 |  | 3.02 | 3.64 |  |
| 2024 | 320 | 15.82 | 16.27 | 5274 |  |  | 1.10 | 1.70 |  | 22.13 | 22.87 |  |
| 2023 | 358 | 12.96 | 13.25 | 4851 |  |  | 1.10 | 1.70 |  | 11.25 | 11.92 |  |
| 2022 | 401 | 11.65 | 11.84 | 4891 |  |  | 1.10 | 1.70 |  | (32.14) | (31.74) |  |
| 2021 | 497 | 17.34 | 48.19 | 8861 |  |  | 1.10 | 1.80 |  | 16.96 | 17.80 |  |
| **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** | **Invesco V.I. Discovery Mid Cap Growth Fund - Series II** |
| 2025 | 340 | 16.88 | 44.40 | 8696 |  |  | 0.83 | 2.54 |  | 1.90 | 3.67 |  |
| 2024 | 403 | 16.28 | 43.57 | 9929 |  |  | 0.83 | 2.54 |  | 20.78 | 22.89 |  |
| 2023 | 483 | 13.25 | 36.08 | 9736 |  |  | 0.83 | 2.54 |  | 10.01 | 11.92 |  |
| 2022 | 506 | 11.84 | 32.79 | 9479 |  |  | 0.83 | 2.54 |  | (32.87) | (31.70) |  |
| 2021 | 531 | 17.33 | 48.85 | 14915 |  |  | 0.83 | 2.54 |  | 15.79 | 17.81 |  |
| **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** | **Invesco V.I. Diversified Dividend Fund - Series I** |
| 2025 | 742 | 31.34 | 45.06 | 76127 | 1.57 |  | 0.83 | 2.05 |  | 13.39 | 14.78 |  |
| 2024 | 888 | 27.64 | 40.54 | 77486 | 1.82 |  | 0.70 | 2.05 |  | 10.91 | 12.42 |  |
| 2023 | 1098 | 24.92 | 36.06 | 82367 | 1.94 |  | 0.70 | 2.05 |  | 6.84 | 8.29 |  |
| 2022 | 1237 | 23.33 | 33.30 | 86309 | 1.84 |  | 0.70 | 2.05 |  | (3.67) | (2.36) |  |
| 2021 | 1384 | 24.22 | 34.11 | 99882 | 2.12 |  | 0.70 | 2.05 |  | 16.48 | 18.06 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** | **Invesco V.I. Diversified Dividend Fund - Series II** |
| 2025 | 555 | $33.59 | 43.76 | $18629 | 1.37 | % | 1.29 | 2.44 | % | 12.64 | 13.95 | % |
| 2024 | 642 | 29.82 | 38.40 | 19022 | 1.64 |  | 1.29 | 2.44 |  | 10.21 | 11.50 |  |
| 2023 | 714 | 27.06 | 34.44 | 19106 | 1.72 |  | 1.29 | 2.44 |  | 6.14 | 7.37 |  |
| 2022 | 805 | 25.50 | 32.08 | 20197 | 1.59 |  | 1.29 | 2.44 |  | (4.30) | (3.18) |  |
| 2021 | 909 | 26.64 | 33.13 | 23704 | 1.91 |  | 1.29 | 2.44 |  | 15.72 | 17.07 |  |
| **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series I (sub-account launched on April 29, 2022)** |
| 2025 | 1916 | 12.81 | 13.47 | 25095 | 1.56 |  | 0.70 | 2.05 |  | 8.85 | 10.33 |  |
| 2024 | 2170 | 11.77 | 12.21 | 25947 | 1.56 |  | 0.70 | 2.05 |  | 10.41 | 11.91 |  |
| 2023 | 2538 | 10.66 | 10.91 | 27330 | 1.37 |  | 0.70 | 2.05 |  | 11.41 | 12.92 |  |
| 2022 | 2680 | 9.57 | 9.66 | 25751 | 1.02 |  | 0.70 | 2.05 |  | (4.29) | (3.42) |  |
| 2021 |  | N/A | N/A |  |  |  | N/A | N/A |  | N/A | N/A |  |
| **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** | **Invesco V.I. Equally-Weighted S&P 500 Fund - Series II (sub-account launched on April 29, 2022)** |
| 2025 | 2903 | 12.51 | 13.05 | 37257 | 1.35 |  | 1.29 | 2.44 |  | 8.14 | 9.40 |  |
| 2024 | 3357 | 11.57 | 11.93 | 39576 | 1.42 |  | 1.29 | 2.44 |  | 9.72 | 11.01 |  |
| 2023 | 3835 | 10.52 | 10.75 | 40922 | 1.16 |  | 1.29 | 2.59 |  | 10.52 | 11.97 |  |
| 2022 | 4263 | 9.52 | 9.60 | 40802 | 0.84 |  | 1.29 | 2.59 |  | (4.84) | (4.00) |  |
| 2021 |  | N/A | N/A |  |  |  | N/A | N/A |  | N/A | N/A |  |
| **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** | **Invesco V.I. Equity and Income Fund - Series I** |
| 2025 | 524 | 36.07 | 58.40 | 18130 | 2.06 |  | 1.00 | 1.98 |  | 10.60 | 11.68 |  |
| 2024 | 584 | 32.61 | 52.29 | 18266 | 1.77 |  | 1.00 | 1.98 |  | 9.91 | 11.00 |  |
| 2023 | 653 | 29.67 | 47.11 | 18490 | 1.97 |  | 1.00 | 1.98 |  | 8.39 | 9.46 |  |
| 2022 | 709 | 27.37 | 43.04 | 18536 | 1.71 |  | 1.00 | 1.98 |  | (9.32) | (8.43) |  |
| 2021 | 809 | 30.19 | 47.00 | 22588 | 2.02 |  | 1.00 | 1.98 |  | 16.33 | 17.47 |  |
| **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** | **Invesco V.I. Equity and Income Fund - Series II** |
| 2025 | 490 | 28.34 | 43.43 | 17339 | 1.85 |  | 1.29 | 2.54 |  | 9.68 | 11.07 |  |
| 2024 | 559 | 25.84 | 39.10 | 17925 | 1.67 |  | 1.29 | 2.54 |  | 9.07 | 10.46 |  |
| 2023 | 514 | 23.69 | 35.40 | 15185 | 1.68 |  | 1.29 | 2.54 |  | 7.46 | 8.82 |  |
| 2022 | 586 | 25.09 | 32.53 | 15997 | 1.39 |  | 1.29 | 2.59 |  | (10.08) | (8.90) |  |
| 2021 | 663 | 27.90 | 35.71 | 19906 | 1.61 |  | 1.29 | 2.59 |  | 15.31 | 16.83 |  |
| **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** | **Invesco V.I. EQV International Equity Fund - Series I** |
| 2025 | 308 | 20.60 | 30.69 | 9624 | 1.43 |  | 1.10 | 1.70 |  | 14.54 | 15.23 |  |
| 2024 | 333 | 17.99 | 26.64 | 9104 | 1.70 |  | 1.10 | 1.70 |  | (1.09) | (0.49) |  |
| 2023 | 383 | 18.19 | 26.77 | 10603 | 0.19 |  | 1.10 | 1.70 |  | 16.16 | 16.86 |  |
| 2022 | 417 | 15.66 | 22.91 | 9858 | 1.67 |  | 1.10 | 1.70 |  | (19.68) | (19.20) |  |
| 2021 | 463 | 19.49 | 28.35 | 13615 | 1.24 |  | 1.10 | 1.70 |  | 4.10 | 4.73 |  |
| **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** | **Invesco V.I. EQV International Equity Fund - Series II** |
| 2025 | 47 | 13.72 | 16.42 | 790 | 1.15 |  | 1.29 | 2.19 |  | 13.70 | 14.73 |  |
| 2024 | 58 | 12.07 | 14.31 | 834 | 1.51 |  | 1.29 | 2.19 |  | (1.85) | (0.96) |  |
| 2023 | 61 | 11.76 | 14.45 | 911 |  |  | 1.29 | 2.44 |  | 15.02 | 16.35 |  |
| 2022 | 70 | 10.22 | 12.42 | 899 | 1.38 |  | 1.29 | 2.44 |  | (20.48) | (19.55) |  |
| 2021 | 80 | 12.85 | 15.44 | 1277 | 1.06 |  | 1.29 | 2.44 |  | 3.05 | 4.25 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** | **Invesco V.I. Global Core Equity Fund - Series I** |
| 2025 | 354 | $23.79 | 32.33 | $15695 | 1.35 | % | 0.94 | 2.05 | % | 13.22 | 14.48 | % |
| 2024 | 404 | 21.01 | 29.98 | 15797 | 1.12 |  | 0.70 | 2.05 |  | 14.46 | 16.03 |  |
| 2023 | 441 | 18.35 | 25.84 | 14948 | 0.56 |  | 0.70 | 2.05 |  | 19.26 | 20.88 |  |
| 2022 | 501 | 15.39 | 21.37 | 14021 | 0.34 |  | 0.70 | 2.05 |  | (23.46) | (22.42) |  |
| 2021 | 560 | 20.11 | 27.55 | 20284 | 0.94 |  | 0.70 | 2.05 |  | 13.62 | 15.16 |  |
| **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** | **Invesco V.I. Global Core Equity Fund - Series II** |
| 2025 | 291 | 24.35 | 32.83 | 7322 | 1.11 |  | 1.29 | 2.59 |  | 12.25 | 13.73 |  |
| 2024 | 323 | 21.69 | 28.87 | 7191 | 0.82 |  | 1.29 | 2.59 |  | 13.70 | 15.21 |  |
| 2023 | 398 | 19.08 | 25.06 | 7775 | 0.29 |  | 1.29 | 2.59 |  | 18.34 | 19.90 |  |
| 2022 | 454 | 16.12 | 20.90 | 7438 | 0.02 |  | 1.29 | 2.59 |  | (24.16) | (23.16) |  |
| 2021 | 488 | 21.25 | 27.20 | 10444 | 0.72 |  | 1.29 | 2.59 |  | 12.73 | 14.22 |  |
| **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** | **Invesco V.I. Global Fund - Series I** |
| 2025 | 30 | 46.66 | 70.69 | 2111 |  |  | 1.15 | 1.85 |  | 13.20 | 14.00 |  |
| 2024 | 33 | 41.22 | 62.00 | 1998 |  |  | 1.15 | 1.85 |  | 13.92 | 14.73 |  |
| 2023 | 38 | 36.19 | 54.04 | 2015 | 0.23 |  | 1.15 | 1.85 |  | 32.26 | 33.20 |  |
| 2022 | 41 | 27.36 | 40.57 | 1618 |  |  | 1.15 | 1.85 |  | (33.02) | (32.54) |  |
| 2021 | 48 | 40.85 | 60.15 | 2762 |  |  | 1.15 | 1.85 |  | 13.36 | 14.17 |  |
| **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** | **Invesco V.I. Global Fund - Series II** |
| 2025 | 81 | 53.68 | 71.98 | 5414 |  |  | 1.29 | 2.54 |  | 12.11 | 13.53 |  |
| 2024 | 92 | 47.88 | 63.40 | 5406 |  |  | 1.29 | 2.54 |  | 12.85 | 14.28 |  |
| 2023 | 104 | 42.43 | 55.48 | 5400 |  |  | 1.29 | 2.54 |  | 31.07 | 32.72 |  |
| 2022 | 123 | 32.37 | 41.80 | 4823 |  |  | 1.29 | 2.54 |  | (33.65) | (32.81) |  |
| 2021 | 127 | 48.79 | 62.21 | 7430 |  |  | 1.29 | 2.54 |  | 12.26 | 13.69 |  |
| **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** | **Invesco V.I. Global Strategic Income Fund - Series I** |
| 2025 | 22 | 20.74 | 24.54 | 291 | 5.01 |  | 1.15 | 1.65 |  | 11.13 | 11.69 |  |
| 2024 | 27 | 18.66 | 21.97 | 353 | 2.81 |  | 1.15 | 1.65 |  | 1.46 | 1.97 |  |
| 2023 | 32 | 18.39 | 21.55 | 421 |  |  | 1.15 | 1.65 |  | 7.11 | 7.64 |  |
| 2022 | 42 | 16.46 | 20.02 | 458 |  |  | 1.15 | 1.85 |  | (13.09) | (12.47) |  |
| 2021 | 45 | 18.94 | 22.87 | 566 | 4.47 |  | 1.15 | 1.85 |  | (5.19) | (4.52) |  |
| **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** | **Invesco V.I. Global Strategic Income Fund - Series II** |
| 2025 | 739 | 15.46 | 20.74 | 14141 | 5.27 |  | 1.29 | 2.54 |  | 9.91 | 11.30 |  |
| 2024 | 872 | 14.07 | 18.63 | 15091 | 2.69 |  | 1.29 | 2.54 |  | 0.18 | 1.46 |  |
| 2023 | 923 | 14.04 | 18.36 | 15783 |  |  | 1.29 | 2.54 |  | 5.87 | 7.20 |  |
| 2022 | 1044 | 13.27 | 17.13 | 16717 |  |  | 1.29 | 2.54 |  | (13.94) | (12.85) |  |
| 2021 | 1179 | 15.41 | 19.65 | 21740 | 4.20 |  | 1.29 | 2.54 |  | (6.00) | (4.80) |  |
| **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** | **Invesco V.I. Government Money Market Fund - Series I** |
| 2025 | 229 | 9.89 | 12.42 | 2744 | 3.93 |  | 1.10 | 1.70 |  | 2.26 | 2.88 |  |
| 2024 | 216 | 9.67 | 12.07 | 2523 | 4.85 |  | 1.10 | 1.70 |  | 3.20 | 3.82 |  |
| 2023 | 222 | 9.37 | 11.63 | 2510 | 4.79 |  | 1.10 | 1.70 |  | 3.10 | 3.72 |  |
| 2022 | 242 | 9.09 | 11.21 | 2641 | 1.44 |  | 1.10 | 1.70 |  | (0.25) | 0.35 |  |
| 2021 | 253 | 9.11 | 11.17 | 2740 | <0.01 |  | 1.10 | 1.70 |  | (1.68) | (1.09) |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** | **Invesco V.I. Government Money Market Fund - Series II** |
| 2025 | < 1 | $8.49 | 9.46 | < 1 | 1.54 | % | 1.55 | 2.00 | % | 1.70 | 2.16 | % |
| 2024 | < 1 | 8.35 | 9.37 | < 1 | 4.80 |  | 1.50 | 2.00 |  | 2.63 | 3.15 |  |
| 2023 | < 1 | 8.13 | 9.08 | < 1 | 4.38 |  | 1.50 | 2.00 |  | 2.53 | 3.05 |  |
| 2022 | < 1 | 7.60 | 9.19 | 3 | 1.17 |  | 1.30 | 2.20 |  | (0.94) | (0.05) |  |
| 2021 | < 1 | 7.68 | 9.20 | 5 | <0.01 |  | 1.30 | 2.20 |  | (2.17) | (1.28) |  |
| **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** | **Invesco V.I. Government Securities Fund - Series I** |
| 2025 | 172 | 14.74 | 17.76 | 2859 | 3.14 |  | 1.10 | 1.70 |  | 5.56 | 6.20 |  |
| 2024 | 191 | 13.96 | 16.72 | 2989 | 2.50 |  | 1.10 | 1.70 |  |  | 0.60 |  |
| 2023 | 216 | 13.96 | 16.62 | 3375 | 2.02 |  | 1.10 | 1.70 |  | 2.86 | 3.48 |  |
| 2022 | 235 | 13.58 | 16.07 | 3557 | 1.94 |  | 1.10 | 1.70 |  | (11.80) | (11.27) |  |
| 2021 | 274 | 15.39 | 18.11 | 4649 | 2.16 |  | 1.10 | 1.70 |  | (3.91) | (3.34) |  |
| **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** | **Invesco V.I. Government Securities Fund - Series II** |
| 2025 | 9 | 11.27 | 13.66 | 105 | 2.87 |  | 1.30 | 2.10 |  | 4.73 | 5.57 |  |
| 2024 | 9 | 10.76 | 12.94 | 100 | 1.99 |  | 1.30 | 2.10 |  | (0.65) | 0.16 |  |
| 2023 | 11 | 10.83 | 12.92 | 127 | 1.74 |  | 1.30 | 2.10 |  | 2.30 | 3.11 |  |
| 2022 | 16 | 10.59 | 12.53 | 186 | 1.74 |  | 1.30 | 2.10 |  | (12.43) | (11.73) |  |
| 2021 | 16 | 12.09 | 14.19 | 213 | 2.20 |  | 1.30 | 2.10 |  | (4.46) | (3.69) |  |
| **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** | **Invesco V.I. Growth and Income Fund - Series II** |
| 2025 | 360 | 43.91 | 61.01 | 19312 | 1.17 |  | 1.29 | 2.69 |  | 12.22 | 13.81 |  |
| 2024 | 421 | 39.13 | 53.61 | 19886 | 1.19 |  | 1.29 | 2.69 |  | 12.61 | 14.22 |  |
| 2023 | 483 | 34.75 | 46.93 | 20078 | 1.28 |  | 1.29 | 2.69 |  | 9.41 | 10.96 |  |
| 2022 | 558 | 31.76 | 42.30 | 20985 | 1.22 |  | 1.29 | 2.69 |  | (8.51) | (7.21) |  |
| 2021 | 690 | 34.71 | 45.58 | 28028 | 1.31 |  | 1.29 | 2.69 |  | 24.77 | 26.54 |  |
| **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** | **Invesco V.I. High Yield Fund - Series I** |
| 2025 | 201 | 14.62 | 39.58 | 4648 | 6.83 |  | 1.00 | 1.98 |  | 4.63 | 5.66 |  |
| 2024 | 222 | 13.32 | 13.97 | 4928 | 5.57 |  | 0.70 | 1.98 |  | 5.61 | 6.97 |  |
| 2023 | 254 | 12.45 | 13.23 | 5282 | 4.94 |  | 0.70 | 1.98 |  | 8.02 | 9.41 |  |
| 2022 | 298 | 11.38 | 12.24 | 5732 | 4.40 |  | 0.70 | 1.98 |  | (11.32) | (10.18) |  |
| 2021 | 348 | 12.67 | 13.81 | 7484 | 4.65 |  | 0.70 | 1.98 |  | 2.34 | 3.65 |  |
| **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** | **Invesco V.I. High Yield Fund - Series II** |
| 2025 | 222 | 19.75 | 25.73 | 3155 | 6.66 |  | 1.29 | 2.44 |  | 3.78 | 4.98 |  |
| 2024 | 254 | 18.41 | 24.51 | 3464 | 5.52 |  | 1.29 | 2.59 |  | 4.81 | 6.20 |  |
| 2023 | 268 | 17.57 | 23.08 | 3454 | 4.94 |  | 1.29 | 2.59 |  | 6.96 | 8.37 |  |
| 2022 | 305 | 16.43 | 21.30 | 3594 | 4.22 |  | 1.29 | 2.59 |  | (11.87) | (10.71) |  |
| 2021 | 396 | 18.64 | 23.85 | 5151 | 4.43 |  | 1.29 | 2.59 |  | 1.33 | 2.66 |  |
| **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** | **Invesco V.I. Main Street Fund® - Series I** |
| 2025 | 15 | 44.02 | 49.37 | 708 | 0.48 |  | 1.15 | 1.85 |  | 13.79 | 14.60 |  |
| 2024 | 20 | 38.68 | 43.08 | 813 |  |  | 1.15 | 1.85 |  | 21.36 | 22.22 |  |
| 2023 | 26 | 31.88 | 35.25 | 874 | 0.83 |  | 1.15 | 1.85 |  | 20.96 | 21.81 |  |
| 2022 | 30 | 26.35 | 28.93 | 814 | 1.35 |  | 1.15 | 1.85 |  | (21.60) | (21.05) |  |
| 2021 | 36 | 33.61 | 36.65 | 1230 | 0.66 |  | 1.15 | 1.85 |  | 25.22 | 26.11 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** | **Invesco V.I. Main Street Fund® - Series II** |
| 2025 | 271 | $47.67 | 66.23 | $16539 | 0.31 | % | 1.29 | 2.69 | % | 12.55 | 14.15 | % |
| 2024 | 309 | 42.35 | 58.02 | 16560 |  |  | 1.29 | 2.69 |  | 20.08 | 21.80 |  |
| 2023 | 369 | 35.27 | 47.64 | 16351 | 0.48 |  | 1.29 | 2.69 |  | 19.56 | 21.25 |  |
| 2022 | 441 | 29.50 | 39.29 | 16154 | 1.06 |  | 1.29 | 2.69 |  | (22.44) | (21.33) |  |
| 2021 | 539 | 38.03 | 49.95 | 25025 | 0.49 |  | 1.29 | 2.69 |  | 23.84 | 25.59 |  |
| **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** | **Invesco V.I. Main Street Mid Cap Fund® - Series I** |
| 2025 | 141 | 31.70 | 51.37 | 6008 | 0.31 |  | 1.10 | 2.10 |  | 6.92 | 8.00 |  |
| 2024 | 174 | 29.65 | 47.57 | 6783 | 0.33 |  | 1.10 | 2.10 |  | 14.62 | 15.78 |  |
| 2023 | 197 | 25.86 | 41.08 | 6748 | 0.28 |  | 1.10 | 2.10 |  | 12.09 | 13.22 |  |
| 2022 | 221 | 22.64 | 36.29 | 6696 | 0.35 |  | 1.10 | 2.20 |  | (16.12) | (15.20) |  |
| 2021 | 238 | 27.00 | 42.79 | 8584 | 0.45 |  | 1.10 | 2.20 |  | 20.56 | 21.90 |  |
| **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** | **Invesco V.I. Main Street Mid Cap Fund® - Series II** |
| 2025 | 14 | 27.74 | 35.71 | 451 | 0.10 |  | 1.29 | 2.44 |  | 6.32 | 7.56 |  |
| 2024 | 15 | 26.09 | 33.20 | 473 | 0.12 |  | 1.29 | 2.44 |  | 13.95 | 15.28 |  |
| 2023 | 20 | 22.90 | 28.80 | 540 | 0.04 |  | 1.29 | 2.44 |  | 11.39 | 12.68 |  |
| 2022 | 22 | 20.55 | 25.56 | 533 | 0.07 |  | 1.29 | 2.44 |  | (16.52) | (15.55) |  |
| 2021 | 28 | 24.62 | 30.27 | 809 | 0.25 |  | 1.29 | 2.44 |  | 19.89 | 21.28 |  |
| **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** | **Invesco V.I. Main Street Small Cap Fund® - Series I** |
| 2025 | 10 | 74.89 | 83.23 | 776 | 0.45 |  | 1.25 | 1.65 |  | 6.92 | 7.35 |  |
| 2024 | 10 | 70.04 | 77.53 | 763 |  |  | 1.25 | 1.65 |  | 10.83 | 11.28 |  |
| 2023 | 11 | 63.20 | 69.68 | 720 | 1.08 |  | 1.25 | 1.65 |  | 16.20 | 16.67 |  |
| 2022 | 12 | 54.38 | 59.72 | 709 | 0.43 |  | 1.25 | 1.65 |  | (17.21) | (16.88) |  |
| 2021 | 19 | 65.69 | 71.85 | 1338 | 0.37 |  | 1.25 | 1.65 |  | 20.55 | 21.03 |  |
| **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** | **Invesco V.I. Main Street Small Cap Fund® - Series II** |
| 2025 | 100 | 59.07 | 77.35 | 7146 | 0.23 |  | 1.29 | 2.44 |  | 5.81 | 7.04 |  |
| 2024 | 111 | 55.83 | 72.26 | 7454 |  |  | 1.29 | 2.44 |  | 9.67 | 10.95 |  |
| 2023 | 124 | 50.90 | 65.13 | 7545 | 0.92 |  | 1.29 | 2.44 |  | 14.97 | 16.31 |  |
| 2022 | 140 | 44.28 | 56.00 | 7349 | 0.24 |  | 1.29 | 2.44 |  | (18.08) | (17.12) |  |
| 2021 | 169 | 54.04 | 67.57 | 10650 | 0.18 |  | 1.29 | 2.44 |  | 19.30 | 20.69 |  |
| **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** | **Invesco V.I. Technology Fund - Series I** |
| 2025 | 49 | 67.76 | 77.17 | 3543 |  |  | 1.10 | 1.70 |  | 18.44 | 19.15 |  |
| 2024 | 51 | 57.21 | 64.77 | 3132 |  |  | 1.10 | 1.70 |  | 32.00 | 32.79 |  |
| 2023 | 63 | 43.35 | 48.77 | 2928 |  |  | 1.10 | 1.70 |  | 44.48 | 45.34 |  |
| 2022 | 78 | 30.00 | 33.56 | 2492 |  |  | 1.10 | 1.70 |  | (40.96) | (40.61) |  |
| 2021 | 83 | 50.82 | 56.50 | 4478 |  |  | 1.10 | 1.70 |  | 12.48 | 13.16 |  |
| **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** | **Invesco V.I. Technology Fund - Series II** |
| 2025 | < 1 | 65.46 | 69.87 | 4 |  |  | 1.30 | 1.60 |  | 18.25 | 18.61 |  |
| 2024 | < 1 | 55.36 | 58.91 | 4 |  |  | 1.30 | 1.60 |  | 31.72 | 32.12 |  |
| 2023 | < 1 | 42.03 | 44.59 | 3 |  |  | 1.30 | 1.60 |  | 44.40 | 44.83 |  |
| 2022 | < 1 | 29.10 | 30.79 | 2 |  |  | 1.30 | 1.60 |  | (41.06) | (40.89) |  |
| 2021 | < 1 | 49.38 | 52.08 | 4 |  |  | 1.30 | 1.60 |  | 12.27 | 12.61 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** | **Janus Henderson VIT Forty Portfolio - Institutional Shares** |
| 2025 |  | $102.14 | 102.14 | $— |  | % | 1.50 | 1.50 | % | 16.37 | 16.37 | % |
| 2024 | < 1 | 87.77 | 87.77 | < 1 | 0.11 |  | 1.50 | 1.50 |  | 26.53 | 26.53 |  |
| 2023 | < 1 | 69.36 | 69.36 | < 1 | 0.18 |  | 1.50 | 1.50 |  | 37.87 | 37.87 |  |
| 2022 | < 1 | 50.31 | 50.31 | < 1 | 0.20 |  | 1.50 | 1.50 |  | (34.55) | (34.55) |  |
| 2021 | < 1 | 76.86 | 76.86 | < 1 |  |  | 1.50 | 1.50 |  | 21.06 | 21.06 |  |
| **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** | **Lazard Retirement Emerging Markets Equity Portfolio - Service Shares** |
| 2025 |  | 79.49 | 79.49 |  |  |  | 1.50 | 1.50 |  | 39.65 | 39.65 |  |
| 2024 | < 1 | 56.92 | 56.92 | < 1 | 3.34 |  | 1.50 | 1.50 |  | 5.81 | 5.81 |  |
| 2023 | < 1 | 53.79 | 53.79 | < 1 | 5.01 |  | 1.50 | 1.50 |  | 20.45 | 20.45 |  |
| 2022 | < 1 | 44.66 | 44.66 | < 1 | 3.36 |  | 1.50 | 1.50 |  | (16.39) | (16.39) |  |
| 2021 | < 1 | 53.42 | 53.42 | < 1 | 1.88 |  | 1.50 | 1.50 |  | 3.89 | 3.89 |  |
| **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** | **Legg Mason Partners ClearBridge Variable Large Cap Value Portfolio - Class I** |
| 2025 |  | 41.70 | 41.70 |  |  |  | 1.50 | 1.50 |  | 8.55 | 8.55 |  |
| 2024 | < 1 | 38.42 | 38.42 | < 1 | 1.38 |  | 1.50 | 1.50 |  | 6.45 | 6.45 |  |
| 2023 | < 1 | 36.09 | 36.09 | < 1 | 1.29 |  | 1.50 | 1.50 |  | 13.37 | 13.37 |  |
| 2022 | < 1 | 31.83 | 31.83 | < 1 | 1.11 |  | 1.50 | 1.50 |  | (7.83) | (7.83) |  |
| 2021 | < 1 | 34.53 | 34.53 | < 1 | 0.99 |  | 1.50 | 1.50 |  | 24.32 | 24.32 |  |
| **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** | **Lord Abbett Bond Debenture Portfolio - Class VC** |
| 2025 | 236 | 18.67 | 23.92 | 5260 | 5.63 |  | 1.29 | 2.44 |  | 5.70 | 6.93 |  |
| 2024 | 279 | 17.67 | 22.37 | 5832 | 5.50 |  | 1.29 | 2.44 |  | 4.12 | 5.34 |  |
| 2023 | 312 | 16.80 | 21.24 | 6192 | 4.81 |  | 1.29 | 2.49 |  | 3.92 | 5.18 |  |
| 2022 | 361 | 16.17 | 20.19 | 6822 | 4.10 |  | 1.29 | 2.49 |  | (14.95) | (13.92) |  |
| 2021 | 416 | 19.01 | 23.46 | 9154 | 2.82 |  | 1.29 | 2.49 |  | 0.72 | 1.95 |  |
| **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** | **Lord Abbett Fundamental Equity Portfolio - Class VC** |
| 2025 | 39 | 34.90 | 43.75 | 1592 | 0.41 |  | 1.29 | 2.34 |  | 11.64 | 12.82 |  |
| 2024 | 46 | 31.26 | 38.78 | 1669 | 0.72 |  | 1.29 | 2.34 |  | 13.92 | 15.14 |  |
| 2023 | 51 | 27.44 | 33.68 | 1607 | 0.55 |  | 1.29 | 2.34 |  | 11.98 | 13.16 |  |
| 2022 | 63 | 24.51 | 29.77 | 1751 | 1.03 |  | 1.29 | 2.34 |  | (14.03) | (13.11) |  |
| 2021 | 70 | 28.50 | 34.26 | 2249 | 0.79 |  | 1.29 | 2.34 |  | 24.35 | 25.67 |  |
| **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** | **Lord Abbett Growth and Income Portfolio - Class VC** |
| 2025 | 104 | 30.94 | 39.63 | 3860 | 0.51 |  | 1.29 | 2.44 |  | 14.45 | 15.78 |  |
| 2024 | 132 | 27.03 | 34.23 | 4223 | 0.77 |  | 1.29 | 2.44 |  | 17.67 | 19.04 |  |
| 2023 | 175 | 22.97 | 28.76 | 4697 | 0.92 |  | 1.29 | 2.44 |  | 10.45 | 11.73 |  |
| 2022 | 193 | 20.80 | 25.74 | 4659 | 1.22 |  | 1.29 | 2.44 |  | (11.63) | (10.60) |  |
| 2021 | 224 | 23.54 | 28.79 | 6089 | 1.00 |  | 1.29 | 2.44 |  | 25.89 | 27.36 |  |
| **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** | **Lord Abbett Growth Opportunities Portfolio - Class VC** |
| 2025 | 41 | 41.39 | 53.03 | 2045 |  |  | 1.29 | 2.44 |  | 10.20 | 11.49 |  |
| 2024 | 53 | 37.56 | 47.57 | 2327 |  |  | 1.29 | 2.44 |  | 27.42 | 28.91 |  |
| 2023 | 66 | 29.47 | 36.90 | 2279 |  |  | 1.29 | 2.44 |  | 8.00 | 9.25 |  |
| 2022 | 75 | 27.29 | 33.77 | 2384 |  |  | 1.29 | 2.44 |  | (34.17) | (33.40) |  |
| 2021 | 82 | 41.46 | 50.71 | 3905 |  |  | 1.29 | 2.44 |  | 3.87 | 5.09 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** | **Lord Abbett Mid Cap Stock Portfolio - Class VC** |
| 2025 | 147 | $25.79 | 33.05 | $4522 | 0.32 | % | 1.29 | 2.44 | % | 4.46 | 5.67 | % |
| 2024 | 164 | 24.69 | 31.27 | 4787 | 0.43 |  | 1.29 | 2.44 |  | 12.10 | 13.41 |  |
| 2023 | 201 | 21.81 | 27.57 | 5182 | 0.46 |  | 1.29 | 2.49 |  | 12.57 | 13.94 |  |
| 2022 | 223 | 19.38 | 24.20 | 5075 | 0.74 |  | 1.29 | 2.49 |  | (13.41) | (12.36) |  |
| 2021 | 300 | 22.38 | 27.61 | 7724 | 0.55 |  | 1.29 | 2.49 |  | 25.52 | 27.04 |  |
| **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** | **LVIP American Century International Fund - Standard Class II** |
| 2025 | < 1 | 28.25 | 28.25 | 9 | 1.23 |  | 1.45 | 1.45 |  | 14.32 | 14.32 |  |
| 2024 | < 1 | 24.71 | 24.71 | 8 | 1.61 |  | 1.45 | 1.45 |  | 1.12 | 1.12 |  |
| 2023 | < 1 | 24.44 | 24.44 | 8 | 1.38 |  | 1.45 | 1.45 |  | 10.96 | 10.96 |  |
| 2022 | < 1 | 22.02 | 22.02 | 7 | 1.46 |  | 1.45 | 1.45 |  | (25.84) | (25.84) |  |
| 2021 | < 1 | 29.70 | 29.70 | 9 | 0.16 |  | 1.45 | 1.45 |  | 7.18 | 7.18 |  |
| **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** | **MFS® VIT Growth Series - Initial Class** |
| 2025 | 12 | 39.31 | 91.52 | 798 |  |  | 1.15 | 1.65 |  | 10.36 | 10.91 |  |
| 2024 | 13 | 35.62 | 82.51 | 861 |  |  | 1.15 | 1.65 |  | 29.30 | 29.95 |  |
| 2023 | 17 | 27.55 | 63.49 | 844 |  |  | 1.15 | 1.65 |  | 33.65 | 34.32 |  |
| 2022 | 20 | 20.61 | 47.27 | 711 |  |  | 1.15 | 1.65 |  | (32.75) | (32.42) |  |
| 2021 | 23 | 30.65 | 69.94 | 1166 |  |  | 1.15 | 1.65 |  | 21.51 | 22.12 |  |
| **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** | **MFS® VIT Growth Series - Service Class** |
| 2025 | < 1 | 54.19 | 61.39 | 43 |  |  | 1.35 | 1.85 |  | 9.84 | 10.40 |  |
| 2024 | < 1 | 49.33 | 55.61 | 43 |  |  | 1.35 | 1.85 |  | 28.72 | 29.37 |  |
| 2023 | 2 | 38.32 | 42.98 | 62 |  |  | 1.35 | 1.85 |  | 33.02 | 33.69 |  |
| 2022 | 2 | 28.81 | 32.15 | 52 |  |  | 1.35 | 1.85 |  | (33.06) | (32.72) |  |
| 2021 | 2 | 43.04 | 47.79 | 79 |  |  | 1.35 | 1.85 |  | 20.97 | 21.58 |  |
| **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** | **MFS® VIT Investors Trust Series - Initial Class** |
| 2025 | 22 | 40.40 | 53.52 | 952 | 1.63 |  | 1.15 | 1.65 |  | 11.71 | 12.27 |  |
| 2024 | 23 | 36.17 | 47.67 | 885 | 0.70 |  | 1.15 | 1.65 |  | 17.56 | 18.15 |  |
| 2023 | 23 | 30.77 | 40.35 | 766 | 0.73 |  | 1.15 | 1.65 |  | 17.04 | 17.62 |  |
| 2022 | 23 | 26.29 | 34.30 | 666 | 0.67 |  | 1.15 | 1.65 |  | (17.85) | (17.44) |  |
| 2021 | 25 | 32.00 | 41.55 | 850 | 0.61 |  | 1.15 | 1.65 |  | 24.74 | 25.36 |  |
| **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** | **MFS® VIT Investors Trust Series - Service Class** |
| 2025 | 2 | 40.00 | 45.32 | 103 | 0.60 |  | 1.35 | 1.85 |  | 11.24 | 11.80 |  |
| 2024 | 2 | 35.96 | 40.54 | 93 | 0.46 |  | 1.35 | 1.85 |  | 17.01 | 17.61 |  |
| 2023 | 2 | 30.73 | 34.47 | 80 | 0.46 |  | 1.35 | 1.85 |  | 16.49 | 17.07 |  |
| 2022 | 3 | 26.38 | 29.44 | 73 | 0.43 |  | 1.35 | 1.85 |  | (18.22) | (17.81) |  |
| 2021 | 5 | 32.26 | 35.82 | 171 | 0.41 |  | 1.35 | 1.85 |  | 24.18 | 24.80 |  |
| **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** | **MFS® VIT New Discovery Series - Initial Class** |
| 2025 | 17 | 37.47 | 84.09 | 1039 |  |  | 1.15 | 1.65 |  | 11.11 | 11.67 |  |
| 2024 | 18 | 33.73 | 75.30 | 987 |  |  | 1.15 | 1.65 |  | 4.97 | 5.50 |  |
| 2023 | 20 | 32.13 | 71.38 | 1002 |  |  | 1.15 | 1.65 |  | 12.55 | 13.11 |  |
| 2022 | 21 | 28.55 | 63.11 | 968 |  |  | 1.15 | 1.65 |  | (30.91) | (30.56) |  |
| 2021 | 19 | 41.32 | 90.88 | 1262 |  |  | 1.15 | 1.65 |  | 0.13 | 0.64 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** | **MFS® VIT New Discovery Series - Service Class** |
| 2025 | 2 | $38.31 | 40.77 | $67 |  | % | 1.35 | 1.60 | % | 10.76 | 11.04 | % |
| 2024 | 2 | 34.59 | 36.72 | 75 |  |  | 1.35 | 1.60 |  | 4.73 | 4.99 |  |
| 2023 | 2 | 33.02 | 34.97 | 71 |  |  | 1.35 | 1.60 |  | 12.44 | 12.72 |  |
| 2022 | 2 | 27.80 | 31.03 | 63 |  |  | 1.35 | 1.85 |  | (31.28) | (30.94) |  |
| 2021 | 2 | 40.46 | 44.93 | 97 |  |  | 1.35 | 1.85 |  | (0.30) | 0.20 |  |
| **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** | **MFS® VIT Research Series - Initial Class** |
| 2025 | 5 | 46.99 | 52.72 | 250 | 0.97 |  | 1.15 | 1.59 |  | 11.07 | 11.56 |  |
| 2024 | 6 | 42.30 | 47.26 | 246 | 0.58 |  | 1.15 | 1.59 |  | 16.99 | 17.51 |  |
| 2023 | 8 | 28.44 | 40.22 | 289 | 0.51 |  | 1.15 | 1.65 |  | 20.42 | 21.02 |  |
| 2022 | 11 | 23.62 | 33.23 | 317 | 0.45 |  | 1.15 | 1.65 |  | (18.56) | (18.16) |  |
| 2021 | 14 | 29.00 | 40.60 | 488 | 0.55 |  | 1.15 | 1.65 |  | 22.76 | 23.38 |  |
| **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** | **MFS® VIT Research Series - Service Class** |
| 2025 | < 1 | 41.75 | 47.30 | 31 | 0.16 |  | 1.35 | 1.85 |  | 10.49 | 11.05 |  |
| 2024 | < 1 | 37.79 | 42.60 | 37 | 0.38 |  | 1.35 | 1.85 |  | 16.37 | 16.95 |  |
| 2023 | < 1 | 32.47 | 36.42 | 33 | 0.24 |  | 1.35 | 1.85 |  | 19.88 | 20.48 |  |
| 2022 | 1 | 27.09 | 30.23 | 30 | 0.18 |  | 1.35 | 1.85 |  | (18.95) | (18.54) |  |
| 2021 | 1 | 33.42 | 37.11 | 48 | 0.33 |  | 1.35 | 1.85 |  | 22.22 | 22.83 |  |
| **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** | **MFS® VIT Total Return Bond Series - Initial Class** |
| 2025 | 23 | 21.29 | 22.44 | 516 | 4.48 |  | 1.25 | 1.45 |  | 5.63 | 5.84 |  |
| 2024 | 25 | 20.16 | 21.21 | 521 | 4.26 |  | 1.25 | 1.45 |  | 1.06 | 1.27 |  |
| 2023 | 28 | 19.94 | 20.94 | 589 | 3.17 |  | 1.25 | 1.45 |  | 5.84 | 6.05 |  |
| 2022 | 32 | 18.84 | 19.75 | 624 | 2.80 |  | 1.25 | 1.45 |  | (15.17) | (15.00) |  |
| 2021 | 27 | 22.21 | 23.23 | 619 | 2.70 |  | 1.25 | 1.45 |  | (2.24) | (2.05) |  |
| **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** | **MFS® VIT Utilities Series - Initial Class** |
| 2025 | < 1 | 54.73 | 58.23 | 50 | 2.92 |  | 1.35 | 1.59 |  | 13.20 | 13.47 |  |
| 2024 | < 1 | 48.35 | 51.32 | 45 | 2.37 |  | 1.35 | 1.59 |  | 9.89 | 10.16 |  |
| 2023 | < 1 | 44.00 | 46.59 | 38 | 3.88 |  | 1.35 | 1.59 |  | (3.65) | (3.42) |  |
| 2022 | 3 | 45.66 | 48.23 | 167 | 2.24 |  | 1.35 | 1.59 |  | (0.83) | (0.59) |  |
| 2021 | 4 | 46.05 | 48.52 | 204 | 1.75 |  | 1.35 | 1.59 |  | 12.29 | 12.56 |  |
| **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** | **MFS® VIT Utilities Series - Service Class** |
| 2025 | 2 | 42.58 | 45.32 | 76 | 2.75 |  | 1.35 | 1.60 |  | 12.93 | 13.21 |  |
| 2024 | 2 | 37.71 | 40.03 | 67 | 2.11 |  | 1.35 | 1.60 |  | 9.56 | 9.83 |  |
| 2023 | 2 | 34.42 | 36.45 | 61 | 3.34 |  | 1.35 | 1.60 |  | (3.89) | (3.64) |  |
| 2022 | 3 | 35.81 | 37.83 | 127 | 2.22 |  | 1.35 | 1.60 |  | (1.12) | (0.87) |  |
| 2021 | 3 | 34.37 | 38.16 | 132 | 1.27 |  | 1.35 | 1.85 |  | 11.73 | 12.29 |  |
| **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** | **MFS® VIT II High Yield Portfolio - Initial Class** |
| 2025 | 10 | 25.79 | 27.19 | 283 | 6.84 |  | 1.25 | 1.45 |  | 7.08 | 7.30 |  |
| 2024 | 11 | 24.08 | 25.34 | 277 | 6.13 |  | 1.25 | 1.45 |  | 5.38 | 5.59 |  |
| 2023 | 12 | 22.85 | 24.00 | 279 | 5.81 |  | 1.25 | 1.45 |  | 10.79 | 11.02 |  |
| 2022 | 12 | 20.63 | 21.62 | 257 | 5.64 |  | 1.25 | 1.45 |  | (11.80) | (11.62) |  |
| 2021 | 23 | 23.39 | 24.46 | 561 | 3.29 |  | 1.25 | 1.45 |  | 2.00 | 2.20 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** | **Morgan Stanley VIF Discovery Portfolio - Class I** |
| 2025 | 170 | $66.32 | 94.59 | $12705 | 0.42 | % | 0.70 | 2.20 | % | 10.13 | 11.80 | % |
| 2024 | 182 | 61.18 | 84.61 | 12277 |  |  | 0.70 | 2.30 |  | 38.59 | 40.84 |  |
| 2023 | 208 | 44.15 | 60.08 | 10079 |  |  | 0.70 | 2.30 |  | 41.07 | 43.34 |  |
| 2022 | 231 | 31.29 | 41.91 | 7891 |  |  | 0.70 | 2.30 |  | (63.81) | (63.22) |  |
| 2021 | 265 | 86.46 | 113.96 | 24912 |  |  | 0.70 | 2.30 |  | (13.08) | (11.68) |  |
| **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** | **Morgan Stanley VIF Discovery Portfolio - Class II** |
| 2025 | 94 | 78.79 | 102.64 | 6775 | 0.39 |  | 1.29 | 2.44 |  | 9.71 | 10.99 |  |
| 2024 | 115 | 71.81 | 92.48 | 7586 |  |  | 1.29 | 2.44 |  | 38.28 | 39.90 |  |
| 2023 | 150 | 50.32 | 66.10 | 6841 |  |  | 1.29 | 2.59 |  | 40.44 | 42.28 |  |
| 2022 | 181 | 35.83 | 46.46 | 5736 |  |  | 1.29 | 2.59 |  | (63.92) | (63.45) |  |
| 2021 | 176 | 99.31 | 127.10 | 15746 |  |  | 1.29 | 2.59 |  | (13.48) | (12.34) |  |
| **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Debt Portfolio - Class II** |
| 2025 | 80 | 20.16 | 33.52 | 2369 | 14.70 |  | 1.29 | 2.59 |  | 12.27 | 13.75 |  |
| 2024 | 95 | 17.95 | 29.47 | 2483 | 10.54 |  | 1.29 | 2.59 |  | 8.40 | 9.84 |  |
| 2023 | 114 | 16.56 | 26.83 | 2729 | 8.75 |  | 1.29 | 2.59 |  | 8.82 | 10.25 |  |
| 2022 | 125 | 15.22 | 24.34 | 2709 | 7.58 |  | 1.29 | 2.59 |  | (20.89) | (19.85) |  |
| 2021 | 139 | 19.24 | 30.36 | 3760 | 5.15 |  | 1.29 | 2.59 |  | (4.49) | (3.23) |  |
| **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I** |
| 2025 | 273 | 30.74 | 34.05 | 8019 | 0.40 |  | 0.70 | 2.20 |  | 30.07 | 32.04 |  |
| 2024 | 296 | 23.28 | 26.18 | 6670 | 1.37 |  | 0.70 | 2.20 |  | 5.46 | 7.06 |  |
| 2023 | 336 | 21.75 | 24.82 | 7172 | 1.64 |  | 0.70 | 2.20 |  | 9.54 | 11.19 |  |
| 2022 | 396 | 19.56 | 22.66 | 7578 | 0.43 |  | 0.70 | 2.20 |  | (26.71) | (25.60) |  |
| 2021 | 441 | 26.29 | 30.92 | 11437 | 0.84 |  | 0.70 | 2.20 |  | 0.75 | 2.27 |  |
| **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** | **Morgan Stanley VIF Emerging Markets Equity Portfolio - Class II** |
| 2025 | 41 | 39.55 | 51.52 | 1957 | 0.36 |  | 1.29 | 2.44 |  | 29.68 | 31.19 |  |
| 2024 | 49 | 30.50 | 39.27 | 1782 | 1.31 |  | 1.29 | 2.44 |  | 5.09 | 6.32 |  |
| 2023 | 56 | 29.02 | 36.94 | 1919 | 1.58 |  | 1.29 | 2.44 |  | 9.26 | 10.53 |  |
| 2022 | 62 | 26.56 | 33.42 | 1933 | 0.37 |  | 1.29 | 2.44 |  | (26.95) | (26.09) |  |
| 2021 | 69 | 36.36 | 45.22 | 2906 | 0.80 |  | 1.29 | 2.44 |  | 0.46 | 1.63 |  |
| **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** | **Morgan Stanley VIF Global Strategist Portfolio - Class I** |
| 2025 | 1158 | 19.86 | 22.93 | 27020 |  |  | 0.70 | 2.10 |  | 14.97 | 16.59 |  |
| 2024 | 1425 | 17.28 | 19.67 | 30092 |  |  | 0.70 | 2.10 |  | 5.22 | 6.71 |  |
| 2023 | 1642 | 16.42 | 18.43 | 32192 | 1.68 |  | 0.70 | 2.10 |  | 11.71 | 13.28 |  |
| 2022 | 1834 | 14.70 | 16.27 | 31607 |  |  | 0.70 | 2.10 |  | (18.67) | (17.52) |  |
| 2021 | 2049 | 17.71 | 19.73 | 42963 | 1.84 |  | 0.70 | 2.20 |  | 6.01 | 7.61 |  |
| **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** | **Morgan Stanley VIF Global Strategist Portfolio - Class II** |
| 2025 | 437 | 20.97 | 27.32 | 9099 |  |  | 1.29 | 2.44 |  | 14.51 | 15.84 |  |
| 2024 | 504 | 17.72 | 23.58 | 9061 |  |  | 1.29 | 2.59 |  | 4.64 | 6.03 |  |
| 2023 | 576 | 16.93 | 22.24 | 9854 | 1.57 |  | 1.29 | 2.59 |  | 11.02 | 12.48 |  |
| 2022 | 680 | 15.25 | 19.77 | 10421 |  |  | 1.29 | 2.59 |  | (19.20) | (18.13) |  |
| 2021 | 752 | 18.87 | 24.15 | 14162 | 1.75 |  | 1.29 | 2.59 |  | 5.44 | 6.83 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** | **Morgan Stanley VIF Growth Portfolio - Class I** |
| 2025 | 3904 | $92.32 | 95.07 | $276670 |  | % | 0.70 | 2.69 | % | 32.10 | 34.77 | % |
| 2024 | 4386 | 69.89 | 70.54 | 238805 |  |  | 0.70 | 2.69 |  | 42.66 | 45.56 |  |
| 2023 | 4823 | 48.46 | 48.99 | 184071 |  |  | 0.70 | 2.69 |  | 44.71 | 47.63 |  |
| 2022 | 5292 | 32.83 | 33.85 | 138173 |  |  | 0.70 | 2.69 |  | (61.14) | (60.35) |  |
| 2021 | 6302 | 82.78 | 87.11 | 409938 |  |  | 0.70 | 2.69 |  | (2.57) | (0.59) |  |
| **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** | **Morgan Stanley VIF Growth Portfolio - Class II** |
| 2025 | 1900 | 101.84 | 137.34 | 58520 |  |  | 1.29 | 2.59 |  | 31.91 | 33.64 |  |
| 2024 | 2096 | 77.21 | 102.77 | 49699 |  |  | 1.29 | 2.59 |  | 42.42 | 44.31 |  |
| 2023 | 2443 | 54.21 | 71.21 | 40762 |  |  | 1.29 | 2.59 |  | 44.52 | 46.42 |  |
| 2022 | 2778 | 37.51 | 48.64 | 32401 |  |  | 1.29 | 2.59 |  | (61.19) | (60.68) |  |
| 2021 | 3009 | 96.65 | 123.69 | 90556 |  |  | 1.29 | 2.59 |  | (2.72) | (1.44) |  |
| **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** | **Neuberger Berman AMT Mid Cap Growth Portfolio - Class I** |
| 2025 | < 1 | 63.31 | 63.31 | 1 |  |  | 1.59 | 1.59 |  | 3.79 | 3.79 |  |
| 2024 | < 1 | 61.00 | 61.00 | 1 |  |  | 1.59 | 1.59 |  | 22.05 | 22.05 |  |
| 2023 | < 1 | 49.97 | 49.97 | 2 |  |  | 1.59 | 1.59 |  | 16.29 | 16.29 |  |
| 2022 | < 1 | 42.97 | 42.97 | 2 |  |  | 1.59 | 1.59 |  | (29.86) | (29.86) |  |
| 2021 | < 1 | 61.27 | 61.27 | 2 |  |  | 1.59 | 1.59 |  | 11.21 | 11.21 |  |
| **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** | **Neuberger Berman AMT Quality Equity Portfolio - Class I** |
| 2025 | 3 | 21.53 | 21.53 | 55 |  |  | 1.59 | 1.59 |  | 11.95 | 11.95 |  |
| 2024 | 3 | 19.23 | 19.23 | 49 | 0.23 |  | 1.59 | 1.59 |  | 23.85 | 23.85 |  |
| 2023 | 3 | 15.53 | 15.53 | 39 | 0.35 |  | 1.59 | 1.59 |  | 24.90 | 24.90 |  |
| 2022 | 3 | 12.43 | 12.43 | 32 | 0.44 |  | 1.59 | 1.59 |  | (19.74) | (19.74) |  |
| 2021 | 3 | 15.49 | 15.49 | 40 | 0.38 |  | 1.59 | 1.59 |  | 21.53 | 21.53 |  |
| **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** | **PIMCO VIT CommodityRealReturn® Strategy Portfolio - Advisor Class** |
| 2025 | 33 | 6.72 | 8.45 | 256 | 2.69 |  | 1.29 | 2.44 |  | 15.79 | 17.13 |  |
| 2024 | 48 | 5.80 | 7.21 | 320 | 2.06 |  | 1.29 | 2.44 |  | 1.43 | 2.62 |  |
| 2023 | 49 | 5.72 | 7.03 | 322 | 15.70 |  | 1.29 | 2.44 |  | (10.16) | (9.12) |  |
| 2022 | 54 | 6.37 | 7.73 | 388 | 21.42 |  | 1.29 | 2.44 |  | 6.04 | 7.27 |  |
| 2021 | 73 | 6.00 | 7.21 | 498 | 4.20 |  | 1.29 | 2.44 |  | 29.89 | 31.40 |  |
| **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** | **PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class** |
| 2025 | 11 | 16.43 | 20.66 | 204 | 6.87 |  | 1.29 | 2.44 |  | 12.08 | 13.39 |  |
| 2024 | 15 | 14.66 | 18.22 | 255 | 6.32 |  | 1.29 | 2.44 |  | 4.81 | 6.03 |  |
| 2023 | 15 | 13.99 | 17.19 | 250 | 5.60 |  | 1.29 | 2.44 |  | 8.32 | 9.58 |  |
| 2022 | 16 | 12.91 | 15.69 | 241 | 4.68 |  | 1.29 | 2.44 |  | (17.84) | (16.88) |  |
| 2021 | 22 | 15.72 | 18.87 | 389 | 4.37 |  | 1.29 | 2.44 |  | (5.02) | (3.91) |  |
| **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** | **PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Institutional Class** |
| 2025 | < 1 | 19.66 | 19.66 | < 1 | 3.47 |  | 1.50 | 1.50 |  | 2.40 | 2.40 |  |
| 2024 | < 1 | 19.20 | 19.20 | < 1 | 3.62 |  | 1.50 | 1.50 |  | 3.87 | 3.87 |  |
| 2023 | < 1 | 18.48 | 18.48 | < 1 | 2.59 |  | 1.50 | 1.50 |  | 7.39 | 7.39 |  |
| 2022 | < 1 | 17.21 | 17.21 | < 1 | 1.48 |  | 1.50 | 1.50 |  | (11.50) | (11.50) |  |
| 2021 | < 1 | 19.45 | 19.45 | < 1 | 1.59 |  | 1.50 | 1.50 |  | (3.43) | (3.43) |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** | **PIMCO VIT Real Return Portfolio - Advisor Class** |
| 2025 | 93 | $12.36 | 15.55 | $1350 | 3.23 | % | 1.29 | 2.44 | % | 5.13 | 6.35 | % |
| 2024 | 145 | 11.76 | 14.62 | 1971 | 2.51 |  | 1.29 | 2.44 |  | (0.46) | 0.71 |  |
| 2023 | 152 | 11.81 | 14.51 | 2056 | 2.90 |  | 1.29 | 2.44 |  | 1.06 | 2.24 |  |
| 2022 | 160 | 11.69 | 14.20 | 2123 | 6.92 |  | 1.29 | 2.44 |  | (14.12) | (13.12) |  |
| 2021 | 187 | 13.61 | 16.34 | 2872 | 4.85 |  | 1.29 | 2.44 |  | 2.92 | 4.12 |  |
| **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** | **PIMCO VIT Total Return Portfolio - Advisor Class** |
| 2025 | 247 | 13.03 | 16.39 | 3744 | 4.00 |  | 1.29 | 2.44 |  | 6.14 | 7.38 |  |
| 2024 | 273 | 12.28 | 15.27 | 3882 | 3.93 |  | 1.29 | 2.44 |  | (0.07) | 1.11 |  |
| 2023 | 321 | 11.96 | 15.10 | 4539 | 3.46 |  | 1.29 | 2.59 |  | 3.11 | 4.47 |  |
| 2022 | 359 | 11.60 | 14.45 | 4882 | 2.49 |  | 1.29 | 2.59 |  | (16.58) | (15.49) |  |
| 2021 | 419 | 13.91 | 17.10 | 6757 | 1.72 |  | 1.29 | 2.59 |  | (3.90) | (2.64) |  |
| **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** | **PIMCO VIT Total Return Portfolio - Institutional Class** |
| 2025 | < 1 | 18.37 | 18.37 | < 1 | 4.10 |  | 1.50 | 1.50 |  | 7.26 | 7.26 |  |
| 2024 | < 1 | 17.13 | 17.13 | < 1 | 4.03 |  | 1.50 | 1.50 |  | 0.99 | 0.99 |  |
| 2023 | < 1 | 16.96 | 16.96 | < 1 | 3.58 |  | 1.50 | 1.50 |  | 4.35 | 4.35 |  |
| 2022 | < 1 | 16.25 | 16.25 | < 1 | 2.64 |  | 1.50 | 1.50 |  | (15.58) | (15.58) |  |
| 2021 | < 1 | 19.25 | 19.25 | < 1 | 1.77 |  | 1.50 | 1.50 |  | (2.75) | (2.75) |  |
| **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** | **Putnam VT Core Equity Fund - Class IB** |
| 2025 | 949 | 48.25 | 67.18 | 42143 | 0.42 |  | 0.80 | 2.29 |  | 14.15 | 15.87 |  |
| 2024 | 1089 | 41.64 | 58.86 | 42011 | 0.62 |  | 0.80 | 2.29 |  | 24.05 | 25.94 |  |
| 2023 | 1244 | 33.06 | 47.44 | 38356 | 0.52 |  | 0.80 | 2.29 |  | 25.18 | 27.06 |  |
| 2022 | 1407 | 26.02 | 37.90 | 34384 | 1.03 |  | 0.80 | 2.29 |  | (17.68) | (16.44) |  |
| 2021 | 1666 | 31.14 | 41.89 | 50687 | 0.65 |  | 0.80 | 2.44 |  | 27.84 | 29.96 |  |
| **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** | **Putnam VT Diversified Income Fund - Class IB** |
| 2025 | 373 | 18.23 | 25.21 | 7799 | 6.15 |  | 0.80 | 1.95 |  | 6.47 | 7.72 |  |
| 2024 | 422 | 16.57 | 23.41 | 8238 | 6.00 |  | 0.80 | 2.15 |  | 3.48 | 4.91 |  |
| 2023 | 459 | 16.01 | 22.31 | 8562 | 6.27 |  | 0.80 | 2.15 |  | 2.57 | 3.98 |  |
| 2022 | 516 | 15.61 | 21.46 | 9316 | 6.85 |  | 0.80 | 2.15 |  | (4.44) | (3.13) |  |
| 2021 | 584 | 16.33 | 22.15 | 10976 | 0.65 |  | 0.80 | 2.15 |  | (8.95) | (7.69) |  |
| **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** | **Putnam VT Emerging Markets Equity Fund - Class IB** |
| 2025 | 265 | 11.02 | 23.07 | 5810 | 0.69 |  | 0.80 | 1.95 |  | 31.55 | 33.08 |  |
| 2024 | 315 | 9.36 | 17.33 | 5260 | 1.42 |  | 0.80 | 2.15 |  | 13.07 | 14.64 |  |
| 2023 | 366 | 8.28 | 15.12 | 5272 | 0.48 |  | 0.80 | 2.15 |  | 9.20 | 10.70 |  |
| 2022 | 397 | 7.58 | 13.66 | 5206 |  |  | 0.80 | 2.15 |  | (29.03) | (28.05) |  |
| 2021 | 421 | 10.68 | 18.98 | 7734 | 0.49 |  | 0.80 | 2.15 |  | (6.25) | (4.96) |  |
| **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** | **Putnam VT Focused International Equity Fund - Class IB** |
| 2025 | 586 | 14.60 | 26.01 | 13697 | 3.28 |  | 0.80 | 2.15 |  | 33.51 | 35.35 |  |
| 2024 | 679 | 10.93 | 19.22 | 11833 | 1.68 |  | 0.80 | 2.15 |  | 1.07 | 2.47 |  |
| 2023 | 779 | 10.82 | 18.75 | 13215 | 0.69 |  | 0.80 | 2.15 |  | 16.69 | 18.30 |  |
| 2022 | 865 | 9.27 | 15.85 | 12460 | 1.77 |  | 0.80 | 2.15 |  | (19.95) | (18.85) |  |
| 2021 | 955 | 11.58 | 19.54 | 16965 | 0.77 |  | 0.80 | 2.15 |  | 10.16 | 11.68 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** | **Putnam VT George Putnam Balanced Fund - Class IB** |
| 2025 | 1021 | $27.14 | 38.50 | $33193 | 1.46 | % | 0.80 | 2.69 | % | 10.91 | 13.04 | % |
| 2024 | 1232 | 24.47 | 34.06 | 35758 | 1.19 |  | 0.80 | 2.69 |  | 13.59 | 15.79 |  |
| 2023 | 1390 | 21.54 | 29.41 | 35149 | 1.27 |  | 0.80 | 2.69 |  | 16.71 | 18.95 |  |
| 2022 | 1547 | 18.45 | 24.73 | 33141 | 0.91 |  | 0.80 | 2.69 |  | (18.23) | (16.67) |  |
| 2021 | 1723 | 22.57 | 29.67 | 44520 | 0.84 |  | 0.80 | 2.69 |  | 10.91 | 13.04 |  |
| **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** | **Putnam VT Global Asset Allocation Fund - Class IB** |
| 2025 | 346 | 33.69 | 37.63 | 11657 | 2.20 |  | 0.80 | 2.44 |  | 11.61 | 13.47 |  |
| 2024 | 402 | 30.18 | 33.17 | 12139 | 2.17 |  | 0.80 | 2.44 |  | 13.52 | 15.42 |  |
| 2023 | 466 | 26.59 | 28.73 | 12236 | 1.54 |  | 0.80 | 2.44 |  | 14.65 | 16.55 |  |
| 2022 | 517 | 23.19 | 24.65 | 11773 | 1.37 |  | 0.80 | 2.44 |  | (18.06) | (16.70) |  |
| 2021 | 590 | 28.30 | 29.60 | 16251 | 0.70 |  | 0.80 | 2.44 |  | 11.19 | 13.04 |  |
| **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** | **Putnam VT Global Health Care Fund - Class IB** |
| 2025 | 278 | 45.50 | 63.24 | 14494 |  |  | 0.80 | 2.44 |  | 12.26 | 14.13 |  |
| 2024 | 327 | 40.53 | 55.41 | 15130 | 0.48 |  | 0.80 | 2.44 |  | (1.05) | 0.61 |  |
| 2023 | 381 | 40.96 | 55.07 | 17523 | 0.30 |  | 0.80 | 2.44 |  | 6.50 | 8.26 |  |
| 2022 | 416 | 38.46 | 50.87 | 17805 | 0.42 |  | 0.80 | 2.44 |  | (6.98) | (5.43) |  |
| 2021 | 463 | 41.35 | 53.79 | 21046 | 1.12 |  | 0.80 | 2.44 |  | 16.51 | 18.45 |  |
| **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** | **Putnam VT Government Money Market Fund - Class IB** |
| 2025 | 2931 | 7.63 | 12.54 | 28345 | 3.62 |  | 0.80 | 2.54 |  | 1.06 | 2.85 |  |
| 2024 | 3399 | 7.55 | 12.20 | 32173 | 4.54 |  | 0.80 | 2.54 |  | 2.00 | 3.82 |  |
| 2023 | 2979 | 7.41 | 11.75 | 27373 | 4.36 |  | 0.80 | 2.54 |  | 1.81 | 3.60 |  |
| 2022 | 2467 | 7.27 | 11.34 | 22274 | 1.09 |  | 0.80 | 2.54 |  | (1.42) | 0.32 |  |
| 2021 | 2627 | 7.38 | 11.30 | 23722 | <0.01 |  | 0.80 | 2.54 |  | (2.51) | (0.79) |  |
| **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** | **Putnam VT High Yield Fund - Class IB** |
| 2025 | 313 | 26.92 | 35.05 | 9531 | 6.46 |  | 0.80 | 2.44 |  | 6.04 | 7.80 |  |
| 2024 | 368 | 25.39 | 32.51 | 10454 | 5.88 |  | 0.80 | 2.44 |  | 5.23 | 6.99 |  |
| 2023 | 432 | 24.13 | 30.39 | 11591 | 5.36 |  | 0.80 | 2.44 |  | 9.42 | 11.24 |  |
| 2022 | 484 | 22.05 | 27.32 | 11734 | 5.22 |  | 0.80 | 2.44 |  | (13.74) | (12.31) |  |
| 2021 | 537 | 25.56 | 31.15 | 14968 | 4.76 |  | 0.80 | 2.44 |  | 2.43 | 4.14 |  |
| **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** | **Putnam VT Income Fund - Class IB** |
| 2025 | 1228 | 13.03 | 22.72 | 21306 | 4.92 |  | 0.80 | 2.44 |  | 4.65 | 6.39 |  |
| 2024 | 1383 | 12.45 | 21.36 | 22699 | 5.71 |  | 0.80 | 2.44 |  | (0.17) | 1.50 |  |
| 2023 | 1586 | 12.34 | 21.04 | 25953 | 5.77 |  | 0.80 | 2.49 |  | 2.11 | 3.86 |  |
| 2022 | 1723 | 12.08 | 20.26 | 27346 | 5.74 |  | 0.80 | 2.49 |  | (15.94) | (14.50) |  |
| 2021 | 1934 | 14.37 | 23.69 | 36079 | 1.39 |  | 0.80 | 2.49 |  | (6.95) | (5.35) |  |
| **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** | **Putnam VT International Equity Fund - Class IB** |
| 2025 | 1587 | 24.39 | 25.93 | 38183 | 0.01 |  | 0.70 | 2.59 |  | 34.15 | 36.72 |  |
| 2024 | 1868 | 17.84 | 19.33 | 33499 | 2.18 |  | 0.70 | 2.59 |  | 0.31 | 2.25 |  |
| 2023 | 2056 | 17.45 | 19.27 | 36672 | 0.04 |  | 0.70 | 2.59 |  | 15.47 | 17.68 |  |
| 2022 | 2299 | 14.83 | 16.69 | 35218 | 1.56 |  | 0.70 | 2.59 |  | (16.96) | (15.36) |  |
| 2021 | 2485 | 17.52 | 20.09 | 45532 | 1.18 |  | 0.70 | 2.59 |  | 6.02 | 8.06 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** | **Putnam VT International Value Fund - Class IB** |
| 2025 | 243 | $19.92 | 29.86 | $6288 | 1.31 | % | 0.80 | 2.15 | % | 31.79 | 33.60 | % |
| 2024 | 292 | 15.11 | 22.35 | 5721 | 2.48 |  | 0.80 | 2.15 |  | 2.94 | 4.37 |  |
| 2023 | 332 | 14.68 | 21.41 | 6302 | 1.50 |  | 0.80 | 2.15 |  | 16.14 | 17.73 |  |
| 2022 | 364 | 12.64 | 18.19 | 5942 | 2.09 |  | 0.80 | 2.15 |  | (8.81) | (7.55) |  |
| 2021 | 410 | 13.86 | 19.67 | 7229 | 2.03 |  | 0.80 | 2.15 |  | 12.47 | 14.02 |  |
| **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** | **Putnam VT Large Cap Growth Fund - Class IB** |
| 2025 | 3055 | 37.58 | 40.33 | 110823 |  |  | 0.80 | 2.69 |  | 11.29 | 13.42 |  |
| 2024 | 3495 | 33.77 | 35.56 | 112611 |  |  | 0.80 | 2.69 |  | 29.82 | 32.33 |  |
| 2023 | 3995 | 26.01 | 26.87 | 97743 |  |  | 0.80 | 2.69 |  | 40.63 | 43.32 |  |
| 2022 | 4469 | 18.50 | 18.75 | 76861 |  |  | 0.80 | 2.69 |  | (32.36) | (31.06) |  |
| 2021 | 5073 | 27.19 | 27.34 | 128044 |  |  | 0.80 | 2.69 |  | 19.38 | 21.67 |  |
| **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** | **Putnam VT Large Cap Value Fund - Class IB** |
| 2025 | 2187 | 52.75 | 88.77 | 138657 | 1.44 |  | 0.80 | 2.69 |  | 17.14 | 19.39 |  |
| 2024 | 2443 | 22.97 | 45.03 | 132325 | 1.13 |  | 0.70 | 2.69 |  | 15.94 | 18.31 |  |
| 2023 | 2789 | 19.42 | 38.84 | 130291 | 2.05 |  | 0.70 | 2.69 |  | 12.59 | 14.86 |  |
| 2022 | 3098 | 16.91 | 34.50 | 127503 | 1.52 |  | 0.70 | 2.69 |  | (5.71) | (3.81) |  |
| 2021 | 3513 | 17.57 | 36.59 | 153863 | 1.23 |  | 0.70 | 2.69 |  | 23.91 | 26.42 |  |
| **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** | **Putnam VT Mortgage Securities Fund - Class IB** |
| 2025 | 258 | 15.73 | 21.05 | 4359 | 8.61 |  | 0.80 | 1.80 |  | 7.13 | 8.21 |  |
| 2024 | 315 | 13.83 | 19.45 | 4885 | 6.78 |  | 0.80 | 2.10 |  | 2.55 | 3.92 |  |
| 2023 | 366 | 13.49 | 18.72 | 5490 | 15.97 |  | 0.80 | 2.10 |  | 3.07 | 4.43 |  |
| 2022 | 403 | 13.09 | 17.93 | 5739 | 9.22 |  | 0.80 | 2.10 |  | (11.96) | (10.79) |  |
| 2021 | 440 | 14.87 | 20.09 | 7119 |  |  | 0.80 | 2.10 |  | (5.78) | (4.54) |  |
| **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** | **Putnam VT Research Fund - Class IB** |
| 2025 | 375 | 59.65 | 67.13 | 20152 | 0.58 |  | 0.80 | 2.29 |  | 15.20 | 16.94 |  |
| 2024 | 422 | 51.01 | 58.28 | 19558 | 0.40 |  | 0.80 | 2.29 |  | 23.39 | 25.26 |  |
| 2023 | 489 | 40.72 | 47.23 | 18259 | 0.81 |  | 0.80 | 2.29 |  | 25.93 | 27.83 |  |
| 2022 | 539 | 31.86 | 37.50 | 15841 | 0.57 |  | 0.80 | 2.29 |  | (19.16) | (17.94) |  |
| 2021 | 594 | 38.82 | 46.40 | 21385 | 0.10 |  | 0.80 | 2.29 |  | 21.31 | 23.14 |  |
| **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** | **Putnam VT Small Cap Growth Fund - Class IB** |
| 2025 | 45 | 55.62 | 75.86 | 2938 | 0.38 |  | 0.80 | 2.15 |  | 6.47 | 7.93 |  |
| 2024 | 46 | 52.24 | 70.28 | 2832 |  |  | 0.80 | 2.15 |  | 20.67 | 22.34 |  |
| 2023 | 57 | 43.29 | 57.45 | 2894 |  |  | 0.80 | 2.15 |  | 20.51 | 22.16 |  |
| 2022 | 62 | 35.93 | 47.03 | 2595 |  |  | 0.80 | 2.15 |  | (29.84) | (28.87) |  |
| 2021 | 71 | 51.20 | 66.12 | 4197 |  |  | 0.80 | 2.15 |  | 11.42 | 12.96 |  |
| **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** | **Putnam VT Small Cap Value Fund - Class IB** |
| 2025 | 364 | 33.78 | 48.18 | 18995 | 0.69 |  | 0.70 | 2.20 |  | 2.98 | 4.54 |  |
| 2024 | 406 | 33.06 | 46.09 | 20406 | 0.96 |  | 0.70 | 2.30 |  | 3.77 | 5.45 |  |
| 2023 | 457 | 31.86 | 43.71 | 22210 | 0.16 |  | 0.70 | 2.30 |  | 20.95 | 22.89 |  |
| 2022 | 516 | 26.34 | 35.57 | 20482 | 0.17 |  | 0.70 | 2.30 |  | (14.96) | (13.59) |  |
| 2021 | 590 | 30.98 | 41.16 | 27120 | 0.75 |  | 0.70 | 2.30 |  | 36.72 | 38.93 |  |

---

------

**EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I**

**NOTES TO FINANCIAL STATEMENTS**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31,** | **At December 31,** | **At December 31,** | **At December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** | **For the year ended December 31,** |
| | | **Unit Value** | **Unit Value** | | **Investment** | **Investment** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Expense Ratio\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | **Units**<br>**(000s)** | **Lowest to Highest** | **Lowest to Highest** | **Net Assets**<br>**(000s)** | **Income Ratio\*** | **Income Ratio\*** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** | **Lowest to Highest** |
| **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** | **Putnam VT Sustainable Future Fund - Class IB** |
| 2025 | 65 | $50.84 | 66.96 | $3783 | 0.10 | % | 0.80 | 2.00 | % | 0.61 | 1.83 | % |
| 2024 | 75 | 50.54 | 65.76 | 4306 |  |  | 0.80 | 2.00 |  | 12.58 | 13.96 |  |
| 2023 | 90 | 44.89 | 57.70 | 4608 |  |  | 0.80 | 2.00 |  | 25.97 | 27.50 |  |
| 2022 | 99 | 35.64 | 45.26 | 3977 |  |  | 0.80 | 2.00 |  | (35.34) | (34.56) |  |
| 2021 | 111 | 55.11 | 69.15 | 6873 |  |  | 0.80 | 2.00 |  | 3.96 | 5.22 |  |
| **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** | **Putnam VT Sustainable Leaders Fund - Class IB** |
| 2025 | 1600 | 47.09 | 66.72 | 68936 | 0.67 |  | 0.80 | 2.69 |  | 7.74 | 9.81 |  |
| 2024 | 1801 | 42.89 | 61.93 | 71198 | 0.21 |  | 0.80 | 2.69 |  | 19.72 | 22.03 |  |
| 2023 | 2054 | 35.14 | 51.73 | 67228 | 0.52 |  | 0.80 | 2.69 |  | 22.75 | 25.10 |  |
| 2022 | 2269 | 28.09 | 42.14 | 59903 | 0.55 |  | 0.80 | 2.69 |  | (24.97) | (23.53) |  |
| 2021 | 2454 | 36.73 | 56.16 | 85429 | 0.14 |  | 0.80 | 2.69 |  | 20.23 | 22.54 |  |
| **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** | **Templeton Developing Markets VIP Fund - Class 2** |
| 2025 | 72 | 45.81 | 59.99 | 3952 | 0.54 |  | 1.29 | 2.44 |  | 42.73 | 44.39 |  |
| 2024 | 90 | 32.10 | 41.55 | 3452 | 3.93 |  | 1.29 | 2.44 |  | 5.04 | 6.27 |  |
| 2023 | 96 | 26.30 | 30.23 | 3476 | 2.09 |  | 1.15 | 2.49 |  | 9.85 | 11.34 |  |
| 2022 | 107 | 23.62 | 27.52 | 3501 | 2.52 |  | 1.15 | 2.49 |  | (23.91) | (22.87) |  |
| 2021 | 134 | 30.62 | 36.17 | 5635 | 0.86 |  | 1.15 | 2.49 |  | (8.07) | (6.82) |  |
| **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** | **Templeton Foreign VIP Fund - Class 2** |
| 2025 | 730 | 22.58 | 22.66 | 17989 | 2.34 |  | 1.15 | 2.69 |  | 25.75 | 27.72 |  |
| 2024 | 869 | 17.68 | 18.02 | 16897 | 2.42 |  | 1.15 | 2.69 |  | (3.66) | (2.14) |  |
| 2023 | 964 | 18.07 | 18.71 | 19330 | 3.15 |  | 1.15 | 2.69 |  | 17.54 | 19.38 |  |
| 2022 | 1141 | 15.13 | 15.91 | 19297 | 3.00 |  | 1.15 | 2.69 |  | (10.07) | (8.66) |  |
| 2021 | 1377 | 16.57 | 17.70 | 25784 | 1.84 |  | 1.15 | 2.69 |  | 1.38 | 2.97 |  |
| **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** | **Templeton Global Bond VIP Fund - Class 2** |
| 2025 | 13 | 17.41 | 28.95 | 291 |  |  | 1.15 | 2.24 |  | 13.15 | 14.41 |  |
| 2024 | 20 | 15.39 | 25.31 | 416 |  |  | 1.15 | 2.24 |  | (13.36) | (12.39) |  |
| 2023 | 21 | 17.59 | 28.88 | 505 |  |  | 1.15 | 2.29 |  | 0.55 | 1.71 |  |
| 2022 | 32 | 17.50 | 28.40 | 689 |  |  | 1.15 | 2.29 |  | (7.11) | (6.04) |  |
| 2021 | 26 | 19.00 | 30.22 | 647 |  |  | 1.15 | 2.24 |  | (7.11) | (6.08) |  |
| **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** | **Templeton Growth VIP Fund - Class 2** |
| 2025 | 6 | 22.55 | 36.66 | 183 | 0.93 |  | 1.15 | 1.85 |  | 21.55 | 22.41 |  |
| 2024 | 11 | 18.55 | 29.95 | 294 | 0.98 |  | 1.15 | 1.85 |  | 3.45 | 4.19 |  |
| 2023 | 12 | 17.93 | 28.74 | 309 | 3.31 |  | 1.15 | 1.85 |  | 18.79 | 19.63 |  |
| 2022 | 13 | 15.10 | 24.03 | 281 | 0.15 |  | 1.15 | 1.85 |  | (13.13) | (12.51) |  |
| 2021 | 13 | 17.38 | 27.46 | 344 | 1.10 |  | 1.15 | 1.85 |  | 2.94 | 3.67 |  |

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(1) Subaccount became available for investment prior to 2025 but had no activity until 2025.