Contents of the Statement of Additional Information

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

GENERAL INFORMATION & HISTORY - AMERICAN ACCUMULATOR

DISTRIBUTION OF CONTRACTS

CUSTODY OF ASSETS

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

GENERAL INFORMATION AND HISTORY - FPVUL

DISTRIBUTION OF CONTRACTS

CUSTODY OF ASSETS

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

GENERAL INFORMATION AND HISTORY - SPVUL

DISTRIBUTION OF CONTRACTS

CUSTODY OF ASSETS

PORTFOLIO COMPANIES UNDER THE CONTRACT

FINANCIALS

NOTES TO FINANCIAL STATEMENTS

Report of Independent Auditors on Statutory Financial Statements and Supplemental Schedules

Report of Independent Registered Public Accounting Firm

American United Life Insurance Company

AUL American Individual Variable Life Unit Trust

December 31, 2021

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

Statement of Additional Information for

American Accumulator —

AUL American Individual Variable Life

Unit Trust

Flexible Premium Variable Adjustable

Universal Life Insurance Policy

Products and financial services provided by:

American United Life Insurance Company®

a OneAmerica®company

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

800-537-6442

May 1, 2022

2

STATEMENT OF ADDITIONAL INFORMATION

May 1, 2022

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

AMERICAN ACCUMULATOR

Sold By

American United Life Insurance Company®

One American Square, P.O. Box 368

Indianapolis, Indiana 46206-0368

1-800-537-6442

www.oneamerica.com

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

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

3

GENERAL INFORMATION & HISTORY - AMERICAN ACCUMULATOR

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

DISTRIBUTION OF CONTRACTS

OneAmerica Securities, Inc. is the Principal Underwriter and the Distributor for the variable life contracts (the “Contracts”) described in the Prospectus and in this statement of Additional Information. It’s principal business address is the same as the Depositor’s. OneAmerica Securities, Inc. is a wholly owned subsidiary of AUL and is registered with the Securities and Exchange Commission (the “SEC”) as a broker-dealer. The Contracts are currently being sold in a continuous offering. While AUL does not anticipate discontinuing the offering of the Contracts, it reserves the right to do so. The Contracts are sold by registered representatives of OneAmerica Securities, Inc., who are also licensed insurance agents.

AUL also has sales agreements with various broker-dealers under which the Contracts will be sold by registered representatives of the broker-dealers. The registered representatives are required to be authorized under applicable state regulations to sell variable life contracts. The broker- dealers are required to be registered with the SEC and be members of the Financial Industry Regulation Authority (“FINRA”).

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

CUSTODY OF ASSETS

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

4

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

Statement of Additional Information for

FPVUL —

Flexible Premium

Adjustable Variable Universal Life

Products and financial services provided by:

American United Life Insurance Company®

a OneAmerica®company

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

800-537-6442

May 1, 2022

5

STATEMENT OF ADDITIONAL INFORMATION

May 1, 2022

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

Sold By

American United Life Insurance Company®

One American Square, P.O. Box 368

Indianapolis, Indiana 46206-0368

1-800-537-6442

www.oneamerica.com

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

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

6

GENERAL INFORMATION AND HISTORY - FPVUL

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

DISTRIBUTION OF CONTRACTS

OneAmerica Securities, Inc. is the Principal Underwriter and the Distributor for the variable life contracts (the “Contracts”) described in the Prospectus and in this statement of Additional Information. Its principal business address is the same as the Depositor’s. OneAmerica Securities, Inc. is a wholly owned subsidiary of AUL and is registered with the Securities and Exchange Commission (the “SEC”) as a broker-dealer. The Contracts are currently being sold in a continuous offering. While AUL does not anticipate discontinuing the offering of the Contracts, it reserves the right to do so. The Contracts are sold by registered representatives of OneAmerica Securities, Inc., who are also licensed insurance agents.

AUL also has sales agreements with various broker-dealers under which the Contracts will be sold by registered representatives of the broker-dealers. The registered representatives are required to be authorized under applicable state regulations to sell variable life contracts. The broker- dealers are required to be registered with the SEC and be members of the Financial Industry Regulation Authority (“FINRA”).

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

CUSTODY OF ASSETS

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

7

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

Statement of Additional Information for

SPVUL —

Modified Single Premium

Variable Universal Life

Products and financial services provided by:

American United Life Insurance Company®

a OneAmerica®company

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

800-537-6442

May 1, 2022

8

STATEMENT OF ADDITIONAL INFORMATION

May 1, 2022

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

Sold By

American United Life Insurance Company®

One American Square, P.O. Box 368

Indianapolis, Indiana 46206-0368

1-800-537-6442

www.oneamerica.com

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

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

9

GENERAL INFORMATION AND HISTORY - SPVUL

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

DISTRIBUTION OF CONTRACTS

OneAmerica Securities, Inc. is the Principal Underwriter and the Distributor for the variable life contracts (the “Contracts”) described in the Prospectus and in this statement of Additional Information. Its principal business address is the same as the Depositor’s. OneAmerica Securities, Inc. is a wholly owned subsidiary of AUL and is registered with the Securities and Exchange Commission (the “SEC”) as a broker-dealer. The Contracts are currently being sold in a continuous offering. While AUL does not anticipate discontinuing the offering of the Contracts, it reserves the right to do so. The Contracts are sold by registered representatives of OneAmerica Securities, Inc., who are also licensed insurance agents.

AUL also has sales agreements with various broker-dealers under which the Contracts will be sold by registered representatives of the broker-dealers. The registered representatives are required to be authorized under applicable state regulations to sell variable life contracts. The broker- dealers are required to be registered with the SEC and be members of the Financial Industry Regulation Authority (“FINRA”).

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

CUSTODY OF ASSETS

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

10

PORTFOLIO COMPANIES UNDER THE CONTRACT

The following list of Portfolio Companies under the Contract.  More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at OneAmerica | OneAmerica Resources.  You can request this information at no cost by calling 1-877-285-3863 or by sending an email to investments.rs@oneamerica.com.

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

11

Portfolio Companies under the Contract (continued)

02-220	Foreign Equity	Fidelity VIP Overseas Portfolio	Initial
02-908	Balanced	Franklin Allocation VIP Fund	1
02-906	Small Cap Equity	Franklin Small Cap Value VIP Fund	1
02-CGK	Fixed Interest Cash	Goldman Sachs VIT Government Money Market Fund	Service
02-826	Large Cap Equity	Invesco V.I. Core Equity Fund	Series II
02-861	Large Cap Equity	Invesco V.I. Diversified Dividend Fund	Series I
02-825	Specialty	Invesco V.I. Global Real Estate Fund	Series I
02-815	Specialty	Invesco V.I. Health Care Fund	Series I
02-830	High Yield Bond	Invesco V.I. High Yield Fund	Series I
02-827	Foreign Equity	Invesco V.I. International Growth Fund	Series II
02-611	Balanced	Janus Henderson Balanced Portfolio	Service
02-607	Intermediate Bond	Janus Henderson Flexible Bond Portfolio	Institutional
02-602	Large Cap Equity	Janus Henderson Forty Portfolio	Institutional
02-606	World Stock	Janus Henderson Global Research Portfolio	Institutional
02-259	Mid Cap Equity	Janus Henderson Mid Cap Value Portfolio	Service
02-609	Foreign Equity	Janus Henderson Overseas Portfolio	Service
02-866	Mid Cap Equity	Neuberger Berman AMT Mid Cap Growth Portfolio	Service
02-870	Small Cap Equity	Neuberger Berman Mid Cap Intrinsic Value Portfolio	I
02-875	Short Term Bond	Neuberger Berman Short Duration Bond Portfolio	I
02-CPG	Intermediate Bond	Pioneer Bond VCT Portfolio	I
02-CPF	Large Cap Equity	Pioneer Equity Income VCT Portfolio	I
02-598	Mid Cap Equity	Pioneer Equity Income VCT Portfolio	II
02-596	Large Cap Equity	Pioneer Fund VCT Portfolio	I
02-597	Mid Cap Equity	Pioneer Select Mid Cap Growth VCT Portfolio	I
02-750	Small Cap Equity	Royce Capital Small-Cap Portfolio	Investor
02-124	Large Cap Equity	T. Rowe Price Blue Chip Growth Portfolio	N/A
02-580	Large Cap Equity	T. Rowe Price Equity Income Portfolio	N/A
02-585	Short Term Bond	T. Rowe Price Limited-Term Bond Portfolio	N/A
02-586	Mid Cap Equity	T. Rowe Price Mid-Cap Growth Portfolio	N/A
02-909	World Stock	Templeton Foreign VIP Fund	2
02-907	Intermediate Bond	Templeton Global Bond VIP Fund	1
02-126	Balanced	Timothy Plan Conservative Growth Variable	N/A
02-127	Balanced	Timothy Plan Strategic Growth Variable	N/A
02-190	Large Cap Equity	Vanguard VIF Diversified Value Portfolio	N/A
02-118	Mid Cap Equity	Vanguard VIF Mid-Cap Index Portfolio	N/A
02-119	Small Cap Equity	Vanguard VIF Small Company Growth Portfolio	N/A
02-121	Intermediate Bond	Vanguard VIF Total Bond Market Index Portfolio	N/A

12

AUL American Individual Variable Life Unit Trust Columbia Variable Portfolio-Small Cap Value Fund 1 Class - 02-382
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	219,709	$	200,204		10,588
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	219,709
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	219,709		12,794	$	17.17
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,301
Net investment income (loss)						1,301
Gain (loss) on investments:
Net realized gain (loss)						597
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						25,242
Net gain (loss)						25,839
Increase (decrease) in net assets from operations					$	27,140
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,301	$	402
Net realized gain (loss)				597		(10,103)
Realized gain distributions				-		2,775
Net change in unrealized appreciation (depreciation)				25,242		8,551
Increase (decrease) in net assets from operations				27,140		1,625
Contract owner transactions:
Proceeds from units sold				120,553		3,173
Cost of units redeemed				(1,024)		(22,151)
Account charges				(4,743)		(2,364)
Increase (decrease)				114,786		(21,342)
Net increase (decrease)				141,926		(19,717)
Net assets, beginning				77,783		97,500
Net assets, ending			$	219,709	$	77,783
Units sold				7,288		341
Units redeemed				(345)		(2,470)
Net increase (decrease)				6,943		(2,129)
Units outstanding, beginning				5,851		7,980
Units outstanding, ending				12,794		5,851
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	2,786,071
Cost of units redeemed/account charges						(3,209,944)
Net investment income (loss)						69,420
Net realized gain (loss)						120,441
Realized gain distributions						434,216
Net change in unrealized appreciation (depreciation)						19,505
Net assets					$	219,709

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	17.17	13	$	220	N/A	29.2%
12/31/2020		13.29	6		78	N/A	8.8%
12/31/2019		12.22	8		98	N/A	21.3%
12/31/2018		10.07	8		80	N/A	-18.0%
12/31/2017		12.28	12		144	N/A	14.3%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.9%
2020		0.5%
2019		0.6%
2018		0.4%
2017		0.6%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Columbia Variable Portfolio-US Government Mortgage Fund 1 Class - 02-384
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	7,154	$	7,264		691
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	7,154
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	7,154		1,101	$	6.50
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	47
Net investment income (loss)						47
Gain (loss) on investments:
Net realized gain (loss)						7
Realized gain distributions						37
Net change in unrealized appreciation (depreciation)						(185)
Net gain (loss)						(141)
Increase (decrease) in net assets from operations					$	(94)
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	47	$	59
Net realized gain (loss)				7		8
Realized gain distributions				37		8
Net change in unrealized appreciation (depreciation)				(185)		36
Increase (decrease) in net assets from operations				(94)		111
Contract owner transactions:
Proceeds from units sold				5,285		287
Cost of units redeemed				-		-
Account charges				(373)		(271)
Increase (decrease)				4,912		16
Net increase (decrease)				4,818		127
Net assets, beginning				2,336		2,209
Net assets, ending			$	7,154	$	2,336
Units sold				801		44
Units redeemed				(56)		(42)
Net increase (decrease)				745		2
Units outstanding, beginning				356		354
Units outstanding, ending				1,101		356
* Date of Fund Inception into Variable Account: 4 /28 /2011
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	53,212
Cost of units redeemed/account charges						(49,632)
Net investment income (loss)						2,861
Net realized gain (loss)						548
Realized gain distributions						275
Net change in unrealized appreciation (depreciation)						(110)
Net assets					$	7,154

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	6.50	1	$	7	N/A	-1.0%
12/31/2020		6.56	0		2	N/A	5.1%
12/31/2019		6.24	0		2	N/A	6.7%
12/31/2018		5.85	1		8	N/A	1.9%
12/31/2017		5.74	1		8	N/A	3.3%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.0%
2020		2.6%
2019		4.4%
2018		2.8%
2017		1.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Invesco V.I. Diversified Dividend Fund Series I Class - 02-861
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	193,518	$	138,790		6,489
Receivables: investments sold		11
Payables: investments purchased		-
Net assets	$	193,529
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	193,529		13,648	$	14.18
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	4,022
Net investment income (loss)						4,022
Gain (loss) on investments:
Net realized gain (loss)						3,932
Realized gain distributions						728
Net change in unrealized appreciation (depreciation)						22,958
Net gain (loss)						27,618
Increase (decrease) in net assets from operations					$	31,640
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	4,022	$	4,838
Net realized gain (loss)				3,932		7,451
Realized gain distributions				728		4,024
Net change in unrealized appreciation (depreciation)				22,958		(16,283)
Increase (decrease) in net assets from operations				31,640		30
Contract owner transactions:
Proceeds from units sold				6,633		10,940
Cost of units redeemed				(2,778)		(21,500)
Account charges				(11,122)		(10,298)
Increase (decrease)				(7,267)		(20,858)
Net increase (decrease)				24,373		(20,828)
Net assets, beginning				169,156		189,984
Net assets, ending			$	193,529	$	169,156
Units sold				507		1,108
Units redeemed				(1,042)		(2,877)
Net increase (decrease)				(535)		(1,769)
Units outstanding, beginning				14,183		15,952
Units outstanding, ending				13,648		14,183
* Date of Fund Inception into Variable Account: 4 /28 /2011
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	1,277,604
Cost of units redeemed/account charges						(1,277,300)
Net investment income (loss)						37,745
Net realized gain (loss)						74,030
Realized gain distributions						26,722
Net change in unrealized appreciation (depreciation)						54,728
Net assets					$	193,529

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	14.18	14	$	194	N/A	18.9%
12/31/2020		11.93	14		169	N/A	0.1%
12/31/2019		11.91	16		190	N/A	25.1%
12/31/2018		9.52	17		158	N/A	-7.6%
12/31/2017		10.30	18		181	N/A	8.6%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		2.2%
2020		2.7%
2019		3.0%
2018		2.5%
2017		1.6%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Invesco V.I. Health Care Fund Series I Class - 02-815
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	553,684	$	462,928		16,360
Receivables: investments sold		272
Payables: investments purchased		-
Net assets	$	553,956
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	553,956		22,539	$	24.58
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,102
Net investment income (loss)						1,102
Gain (loss) on investments:
Net realized gain (loss)						37,268
Realized gain distributions						57,360
Net change in unrealized appreciation (depreciation)						(29,589)
Net gain (loss)						65,039
Increase (decrease) in net assets from operations					$	66,141
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,102	$	1,728
Net realized gain (loss)				37,268		8,334
Realized gain distributions				57,360		13,157
Net change in unrealized appreciation (depreciation)				(29,589)		55,997
Increase (decrease) in net assets from operations				66,141		79,216
Contract owner transactions:
Proceeds from units sold				44,448		76,316
Cost of units redeemed				(135,166)		(50,332)
Account charges				(21,746)		(23,431)
Increase (decrease)				(112,464)		2,553
Net increase (decrease)				(46,323)		81,769
Net assets, beginning				600,279		518,510
Net assets, ending			$	553,956	$	600,279
Units sold				1,991		4,199
Units redeemed				(6,880)		(3,889)
Net increase (decrease)				(4,889)		310
Units outstanding, beginning				27,428		27,118
Units outstanding, ending				22,539		27,428
* Date of Fund Inception into Variable Account: 8 /28 /2001
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	6,933,269
Cost of units redeemed/account charges						(7,172,716)
Net investment income (loss)						9,115
Net realized gain (loss)						297,709
Realized gain distributions						395,823
Net change in unrealized appreciation (depreciation)						90,756
Net assets					$	553,956

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	24.58	23	$	554	N/A	12.3%
12/31/2020		21.89	27		600	N/A	14.5%
12/31/2019		19.12	27		519	N/A	32.5%
12/31/2018		14.43	28		407	N/A	0.9%
12/31/2017		14.30	27		388	N/A	15.8%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.2%
2020		0.3%
2019		0.0%
2018		0.0%
2017		0.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Invesco V.I. Global Real Estate Fund Series I Class - 02-825
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	148,221	$	130,727		8,240
Receivables: investments sold		18
Payables: investments purchased		-
Net assets	$	148,239
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	148,239		16,901	$	8.77
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	3,710
Net investment income (loss)						3,710
Gain (loss) on investments:
Net realized gain (loss)						247,020
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						167,385
Net gain (loss)						414,405
Increase (decrease) in net assets from operations					$	418,115
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	3,710	$	128,635
Net realized gain (loss)				247,020		(1,991)
Realized gain distributions				-		71,849
Net change in unrealized appreciation (depreciation)				167,385		(541,816)
Increase (decrease) in net assets from operations				418,115		(343,323)
Contract owner transactions:
Proceeds from units sold				52,031		455,955
Cost of units redeemed				(2,918,289)		(225,700)
Account charges				(44,652)		(102,620)
Increase (decrease)				(2,910,910)		127,635
Net increase (decrease)				(2,492,795)		(215,688)
Net assets, beginning				2,641,034		2,856,722
Net assets, ending			$	148,239	$	2,641,034
Units sold				7,593		69,961
Units redeemed				(369,209)		(50,445)
Net increase (decrease)				(361,616)		19,516
Units outstanding, beginning				378,517		359,001
Units outstanding, ending				16,901		378,517
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	6,813,765
Cost of units redeemed/account charges						(8,350,675)
Net investment income (loss)						1,000,165
Net realized gain (loss)						323,239
Realized gain distributions						344,251
Net change in unrealized appreciation (depreciation)						17,494
Net assets					$	148,239

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	8.77	17	$	148	N/A	25.7%
12/31/2020		6.98	379		2,641	N/A	-12.3%
12/31/2019		7.96	359		2,857	N/A	23.0%
12/31/2018		6.47	417		2,699	N/A	-6.2%
12/31/2017		6.89	433		2,987	N/A	13.0%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.3%
2020		4.7%
2019		4.4%
2018		3.8%
2017		3.3%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Invesco V.I. High Yield Fund Series I Class - 02-830
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	124,552	$	126,436		23,815
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	124,552
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	124,552		8,849	$	14.07
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	5,928
Net investment income (loss)						5,928
Gain (loss) on investments:
Net realized gain (loss)						243
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						(889)
Net gain (loss)						(646)
Increase (decrease) in net assets from operations					$	5,282
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	5,928	$	6,809
Net realized gain (loss)				243		(738)
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				(889)		(2,310)
Increase (decrease) in net assets from operations				5,282		3,761
Contract owner transactions:
Proceeds from units sold				4,965		13,483
Cost of units redeemed				(2,329)		(23,877)
Account charges				(4,572)		(4,757)
Increase (decrease)				(1,936)		(15,151)
Net increase (decrease)				3,346		(11,390)
Net assets, beginning				121,206		132,596
Net assets, ending			$	124,552	$	121,206
Units sold				360		1,106
Units redeemed				(500)		(2,277)
Net increase (decrease)				(140)		(1,171)
Units outstanding, beginning				8,989		10,160
Units outstanding, ending				8,849		8,989
* Date of Fund Inception into Variable Account: 4 /29 /2004
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	6,319,778
Cost of units redeemed/account charges						(7,102,273)
Net investment income (loss)						1,025,408
Net realized gain (loss)						(116,477)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						(1,884)
Net assets					$	124,552

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	14.07	9	$	125	N/A	4.4%
12/31/2020		13.48	9		121	N/A	3.3%
12/31/2019		13.05	10		133	N/A	13.5%
12/31/2018		11.50	96		1,108	N/A	-3.4%
12/31/2017		11.90	97		1,155	N/A	6.3%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		4.8%
2020		5.4%
2019		1.2%
2018		5.2%
2017		4.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Invesco V.I. Core Equity Fund Series II Class - 02-826
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	3,260	$	2,965		86
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	3,260
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	3,260		155	$	21.08
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	13
Net investment income (loss)						13
Gain (loss) on investments:
Net realized gain (loss)						(4)
Realized gain distributions						68
Net change in unrealized appreciation (depreciation)						632
Net gain (loss)						696
Increase (decrease) in net assets from operations					$	709
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	13	$	25
Net realized gain (loss)				(4)		(7)
Realized gain distributions				68		547
Net change in unrealized appreciation (depreciation)				632		(254)
Increase (decrease) in net assets from operations				709		311
Contract owner transactions:
Proceeds from units sold				-		-
Cost of units redeemed				-		-
Account charges				(70)		(54)
Increase (decrease)				(70)		(54)
Net increase (decrease)				639		257
Net assets, beginning				2,621		2,364
Net assets, ending			$	3,260	$	2,621
Units sold				-		-
Units redeemed				(3)		(4)
Net increase (decrease)				(3)		(4)
Units outstanding, beginning				158		162
Units outstanding, ending				155		158
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	14,601
Cost of units redeemed/account charges						(12,940)
Net investment income (loss)						159
Net realized gain (loss)						(30)
Realized gain distributions						1,175
Net change in unrealized appreciation (depreciation)						295
Net assets					$	3,260

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	21.08	0	$	3	N/A	27.4%
12/31/2020		16.55	0		3	N/A	13.6%
12/31/2019		14.57	0		2	N/A	28.7%
12/31/2018		11.32	0		2	N/A	-9.6%
12/31/2017		12.53	0		2	N/A	12.9%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.4%
2020		1.0%
2019		0.1%
2018		0.0%
2017		1.3%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Invesco V.I. International Growth Fund Series II Class - 02-827
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	51,246	$	43,724		1,258
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	51,246
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	51,246		3,459	$	14.81
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	535
Net investment income (loss)						535
Gain (loss) on investments:
Net realized gain (loss)						401
Realized gain distributions						3,451
Net change in unrealized appreciation (depreciation)						(1,767)
Net gain (loss)						2,085
Increase (decrease) in net assets from operations					$	2,620
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	535	$	865
Net realized gain (loss)				401		2,238
Realized gain distributions				3,451		943
Net change in unrealized appreciation (depreciation)				(1,767)		(1,436)
Increase (decrease) in net assets from operations				2,620		2,610
Contract owner transactions:
Proceeds from units sold				4,649		3,590
Cost of units redeemed				(637)		(60,852)
Account charges				(1,802)		(2,513)
Increase (decrease)				2,210		(59,775)
Net increase (decrease)				4,830		(57,165)
Net assets, beginning				46,416		103,581
Net assets, ending			$	51,246	$	46,416
Units sold				317		323
Units redeemed				(167)		(5,413)
Net increase (decrease)				150		(5,090)
Units outstanding, beginning				3,309		8,399
Units outstanding, ending				3,459		3,309
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	4,485,600
Cost of units redeemed/account charges						(6,170,914)
Net investment income (loss)						174,775
Net realized gain (loss)						1,542,932
Realized gain distributions						11,331
Net change in unrealized appreciation (depreciation)						7,522
Net assets					$	51,246

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	14.81	3	$	51	N/A	5.6%
12/31/2020		14.03	3		46	N/A	13.7%
12/31/2019		12.33	8		104	N/A	28.2%
12/31/2018		9.62	9		84	N/A	-15.2%
12/31/2017		11.34	12		131	N/A	22.7%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.1%
2020		1.2%
2019		1.3%
2018		1.8%
2017		1.3%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust T. Rowe Price Mid-Cap Growth Portfolio - 02-586
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	4,286,303	$	3,299,264		124,348
Receivables: investments sold		6
Payables: investments purchased		-
Net assets	$	4,286,309
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	4,286,309		91,532	$	46.83
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						81,678
Realized gain distributions						428,574
Net change in unrealized appreciation (depreciation)						61,469
Net gain (loss)						571,721
Increase (decrease) in net assets from operations					$	571,721
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	-
Net realized gain (loss)				81,678		66,336
Realized gain distributions				428,574		253,602
Net change in unrealized appreciation (depreciation)				61,469		455,866
Increase (decrease) in net assets from operations				571,721		775,804
Contract owner transactions:
Proceeds from units sold				68,376		145,627
Cost of units redeemed				(202,536)		(379,311)
Account charges				(115,352)		(108,923)
Increase (decrease)				(249,512)		(342,607)
Net increase (decrease)				322,209		433,197
Net assets, beginning				3,964,100		3,530,903
Net assets, ending			$	4,286,309	$	3,964,100
Units sold				1,610		4,548
Units redeemed				(7,300)		(14,537)
Net increase (decrease)				(5,690)		(9,989)
Units outstanding, beginning				97,222		107,211
Units outstanding, ending				91,532		97,222
* Date of Fund Inception into Variable Account: 5 /1 /2000
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	6,981,330
Cost of units redeemed/account charges						(9,711,035)
Net investment income (loss)						13,082
Net realized gain (loss)						1,257,424
Realized gain distributions						4,758,469
Net change in unrealized appreciation (depreciation)						987,039
Net assets					$	4,286,309

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	46.83	92	$	4,286	N/A	14.8%
12/31/2020		40.77	97		3,964	N/A	23.8%
12/31/2019		32.93	107		3,531	N/A	31.3%
12/31/2018		25.09	112		2,816	N/A	-2.0%
12/31/2017		25.61	136		3,482	N/A	24.8%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.0%
2019		0.1%
2018		0.0%
2017		0.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust T. Rowe Price Blue Chip Growth Portfolio - 02-124
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	9,713,781	$	5,528,370		182,851
Receivables: investments sold		-
Payables: investments purchased		(702)
Net assets	$	9,713,079
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	9,713,079		246,412	$	39.42
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						406,560
Realized gain distributions						1,035,037
Net change in unrealized appreciation (depreciation)						(26,604)
Net gain (loss)						1,414,993
Increase (decrease) in net assets from operations					$	1,414,993
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	-
Net realized gain (loss)				406,560		793,318
Realized gain distributions				1,035,037		228,574
Net change in unrealized appreciation (depreciation)				(26,604)		927,093
Increase (decrease) in net assets from operations				1,414,993		1,948,985
Contract owner transactions:
Proceeds from units sold				1,961,997		474,490
Cost of units redeemed				(509,844)		(1,393,965)
Account charges				(317,641)		(275,035)
Increase (decrease)				1,134,512		(1,194,510)
Net increase (decrease)				2,549,505		754,475
Net assets, beginning				7,163,574		6,409,099
Net assets, ending			$	9,713,079	$	7,163,574
Units sold				55,206		17,867
Units redeemed				(22,551)		(60,910)
Net increase (decrease)				32,655		(43,043)
Units outstanding, beginning				213,757		256,800
Units outstanding, ending				246,412		213,757
* Date of Fund Inception into Variable Account: 4 /29 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	14,457,363
Cost of units redeemed/account charges						(14,920,107)
Net investment income (loss)						5,490
Net realized gain (loss)						4,302,372
Realized gain distributions						1,682,550
Net change in unrealized appreciation (depreciation)						4,185,411
Net assets					$	9,713,079

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	39.42	246	$	9,713	N/A	17.6%
12/31/2020		33.51	214		7,164	N/A	34.3%
12/31/2019		24.96	257		6,409	N/A	29.9%
12/31/2018		19.21	288		5,536	N/A	1.9%
12/31/2017		18.85	360		6,788	N/A	36.2%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.0%
2019		0.0%
2018		0.0%
2017		0.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust T. Rowe Price Equity Income Portfolio - 02-580
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	5,936,472	$	4,937,804		197,432
Receivables: investments sold		328
Payables: investments purchased		-
Net assets	$	5,936,800
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	5,936,800		221,551	$	26.80
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	89,254
Net investment income (loss)						89,254
Gain (loss) on investments:
Net realized gain (loss)						108,037
Realized gain distributions						413,023
Net change in unrealized appreciation (depreciation)						663,184
Net gain (loss)						1,184,244
Increase (decrease) in net assets from operations					$	1,273,498
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	89,254	$	111,307
Net realized gain (loss)				108,037		(27,082)
Realized gain distributions				413,023		110,219
Net change in unrealized appreciation (depreciation)				663,184		(210,010)
Increase (decrease) in net assets from operations				1,273,498		(15,566)
Contract owner transactions:
Proceeds from units sold				242,252		270,767
Cost of units redeemed				(492,755)		(754,307)
Account charges				(220,033)		(214,447)
Increase (decrease)				(470,536)		(697,987)
Net increase (decrease)				802,962		(713,553)
Net assets, beginning				5,133,838		5,847,391
Net assets, ending			$	5,936,800	$	5,133,838
Units sold				10,364		15,809
Units redeemed				(29,347)		(52,483)
Net increase (decrease)				(18,983)		(36,674)
Units outstanding, beginning				240,534		277,208
Units outstanding, ending				221,551		240,534
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	22,052,907
Cost of units redeemed/account charges						(25,180,433)
Net investment income (loss)						2,505,209
Net realized gain (loss)						1,508,964
Realized gain distributions						4,051,485
Net change in unrealized appreciation (depreciation)						998,668
Net assets					$	5,936,800

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	26.80	222	$	5,937	N/A	25.5%
12/31/2020		21.34	241		5,134	N/A	1.2%
12/31/2019		21.09	277		5,847	N/A	26.4%
12/31/2018		16.69	298		4,981	N/A	-9.5%
12/31/2017		18.44	343		6,328	N/A	16.0%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.6%
2020		2.0%
2019		2.4%
2018		2.0%
2017		1.7%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust T. Rowe Price Limited-Term Bond Portfolio - 02-585
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	834,165	$	837,326		169,887
Receivables: investments sold		-
Payables: investments purchased		(17)
Net assets	$	834,148
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	834,148		84,723	$	9.85
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	11,679
Net investment income (loss)						11,679
Gain (loss) on investments:
Net realized gain (loss)						2,367
Realized gain distributions						5,061
Net change in unrealized appreciation (depreciation)						(17,517)
Net gain (loss)						(10,089)
Increase (decrease) in net assets from operations					$	1,590
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	11,679	$	17,431
Net realized gain (loss)				2,367		(545)
Realized gain distributions				5,061		-
Net change in unrealized appreciation (depreciation)				(17,517)		23,683
Increase (decrease) in net assets from operations				1,590		40,569
Contract owner transactions:
Proceeds from units sold				50,778		155,651
Cost of units redeemed				(136,821)		(81,128)
Account charges				(41,341)		(43,376)
Increase (decrease)				(127,384)		31,147
Net increase (decrease)				(125,794)		71,716
Net assets, beginning				959,942		888,226
Net assets, ending			$	834,148	$	959,942
Units sold				5,194		16,259
Units redeemed				(18,094)		(13,225)
Net increase (decrease)				(12,900)		3,034
Units outstanding, beginning				97,623		94,589
Units outstanding, ending				84,723		97,623
* Date of Fund Inception into Variable Account: 5 /1 /2000
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	15,997,056
Cost of units redeemed/account charges						(16,485,820)
Net investment income (loss)						1,353,177
Net realized gain (loss)						(95,716)
Realized gain distributions						68,612
Net change in unrealized appreciation (depreciation)						(3,161)
Net assets					$	834,148

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	9.85	85	$	834	N/A	0.1%
12/31/2020		9.83	98		960	N/A	4.7%
12/31/2019		9.39	95		888	N/A	4.4%
12/31/2018		9.00	100		903	N/A	1.2%
12/31/2017		8.89	119		1,059	N/A	1.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.3%
2020		1.9%
2019		2.4%
2018		2.0%
2017		1.5%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust AB VPS International Growth Portfolio A Class - 02-376
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	10,564	$	9,316		389
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	10,564
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	10,564		1,266	$	8.35
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						101
Realized gain distributions						964
Net change in unrealized appreciation (depreciation)						(252)
Net gain (loss)						813
Increase (decrease) in net assets from operations					$	813
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	116
Net realized gain (loss)				101		(2,133)
Realized gain distributions				964		733
Net change in unrealized appreciation (depreciation)				(252)		1,918
Increase (decrease) in net assets from operations				813		634
Contract owner transactions:
Proceeds from units sold				306		998
Cost of units redeemed				-		(81,551)
Account charges				(651)		(1,657)
Increase (decrease)				(345)		(82,210)
Net increase (decrease)				468		(81,576)
Net assets, beginning				10,096		91,672
Net assets, ending			$	10,564	$	10,096
Units sold				37		178
Units redeemed				(81)		(14,319)
Net increase (decrease)				(44)		(14,141)
Units outstanding, beginning				1,310		15,451
Units outstanding, ending				1,266		1,310
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	244,852
Cost of units redeemed/account charges						(244,124)
Net investment income (loss)						2,498
Net realized gain (loss)						2,337
Realized gain distributions						3,753
Net change in unrealized appreciation (depreciation)						1,248
Net assets					$	10,564

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	8.35	1	$	11	N/A	8.2%
12/31/2020		7.71	1		10	N/A	29.9%
12/31/2019		5.93	15		92	N/A	27.5%
12/31/2018		4.65	16		74	N/A	-17.4%
12/31/2017		5.63	2		10	N/A	35.0%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.2%
2019		0.6%
2018		1.4%
2017		1.3%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust AB VPS Small Mid Cap Value Portfolio A Class - 02-378
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	209,627	$	186,533		8,935
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	209,627
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	209,627		11,485	$	18.25
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,366
Net investment income (loss)						1,366
Gain (loss) on investments:
Net realized gain (loss)						1,562
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						31,923
Net gain (loss)						33,485
Increase (decrease) in net assets from operations					$	34,851
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,366	$	630
Net realized gain (loss)				1,562		(2,602)
Realized gain distributions				-		2,885
Net change in unrealized appreciation (depreciation)				31,923		(1,197)
Increase (decrease) in net assets from operations				34,851		(284)
Contract owner transactions:
Proceeds from units sold				107,254		1,554
Cost of units redeemed				(250)		(5,035)
Account charges				(4,910)		(2,530)
Increase (decrease)				102,094		(6,011)
Net increase (decrease)				136,945		(6,295)
Net assets, beginning				72,682		78,977
Net assets, ending			$	209,627	$	72,682
Units sold				6,373		147
Units redeemed				(302)		(814)
Net increase (decrease)				6,071		(667)
Units outstanding, beginning				5,414		6,081
Units outstanding, ending				11,485		5,414
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	2,507,270
Cost of units redeemed/account charges						(3,328,906)
Net investment income (loss)						40,661
Net realized gain (loss)						761,037
Realized gain distributions						206,471
Net change in unrealized appreciation (depreciation)						23,094
Net assets					$	209,627

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	18.25	11	$	210	N/A	35.9%
12/31/2020		13.43	5		73	N/A	3.4%
12/31/2019		12.99	6		79	N/A	20.1%
12/31/2018		10.81	6		70	N/A	-15.0%
12/31/2017		12.73	11		138	N/A	13.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.0%
2020		0.8%
2019		0.6%
2018		0.4%
2017		0.5%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust AB VPS International Value Portfolio A Class - 02-377
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	24,014	$	19,144		1,527
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	24,014
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	24,014		4,999	$	4.80
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	480
Net investment income (loss)						480
Gain (loss) on investments:
Net realized gain (loss)						4,518
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						(1,477)
Net gain (loss)						3,041
Increase (decrease) in net assets from operations					$	3,521
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	480	$	530
Net realized gain (loss)				4,518		(643,363)
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				(1,477)		279,902
Increase (decrease) in net assets from operations				3,521		(362,931)
Contract owner transactions:
Proceeds from units sold				4,507		53,516
Cost of units redeemed				(15,230)		(2,101,318)
Account charges				(378)		(38,359)
Increase (decrease)				(11,101)		(2,086,161)
Net increase (decrease)				(7,580)		(2,449,092)
Net assets, beginning				31,594		2,480,686
Net assets, ending			$	24,014	$	31,594
Units sold				1,234		17,940
Units redeemed				(3,540)		(598,371)
Net increase (decrease)				(2,306)		(580,431)
Units outstanding, beginning				7,305		587,736
Units outstanding, ending				4,999		7,305
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	6,533,955
Cost of units redeemed/account charges						(5,204,956)
Net investment income (loss)						129,494
Net realized gain (loss)						(1,439,349)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						4,870
Net assets					$	24,014

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	4.80	5	$	24	N/A	11.1%
12/31/2020		4.32	7		32	N/A	2.5%
12/31/2019		4.22	588		2,481	N/A	17.1%
12/31/2018		3.60	736		2,653	N/A	-22.8%
12/31/2017		4.67	7		34	N/A	25.4%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.7%
2020		0.0%
2019		0.9%
2018		3.7%
2017		2.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust American Century VP Ultra Fund I Class - 02-122
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	149,967	$	92,555		4,779
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	149,967
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	149,967		3,971	$	37.77
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						40,930
Realized gain distributions						15,112
Net change in unrealized appreciation (depreciation)						(14,750)
Net gain (loss)						41,292
Increase (decrease) in net assets from operations					$	41,292
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	-
Net realized gain (loss)				40,930		1,371
Realized gain distributions				15,112		14,618
Net change in unrealized appreciation (depreciation)				(14,750)		54,531
Increase (decrease) in net assets from operations				41,292		70,520
Contract owner transactions:
Proceeds from units sold				6,346		83,244
Cost of units redeemed				(103,237)		(67,664)
Account charges				(5,252)		(6,824)
Increase (decrease)				(102,143)		8,756
Net increase (decrease)				(60,851)		79,276
Net assets, beginning				210,818		131,542
Net assets, ending			$	149,967	$	210,818
Units sold				191		3,878
Units redeemed				(3,095)		(3,431)
Net increase (decrease)				(2,904)		447
Units outstanding, beginning				6,875		6,428
Units outstanding, ending				3,971		6,875
* Date of Fund Inception into Variable Account: 4 /29 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	1,564,375
Cost of units redeemed/account charges						(1,619,311)
Net investment income (loss)						1,574
Net realized gain (loss)						80,599
Realized gain distributions						65,318
Net change in unrealized appreciation (depreciation)						57,412
Net assets					$	149,967

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	37.77	4	$	150	N/A	23.2%
12/31/2020		30.66	7		211	N/A	49.9%
12/31/2019		20.46	6		132	N/A	34.6%
12/31/2018		15.21	7		105	N/A	0.8%
12/31/2017		15.09	5		75	N/A	32.2%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.0%
2019		0.0%
2018		0.4%
2017		0.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust American Century VP Mid Cap Value Fund II Class - 02-397
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	77,347	$	61,952		3,087
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	77,347
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	77,347		3,018	$	25.63
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	744
Net investment income (loss)						744
Gain (loss) on investments:
Net realized gain (loss)						469
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						13,129
Net gain (loss)						13,598
Increase (decrease) in net assets from operations					$	14,342
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	744	$	874
Net realized gain (loss)				469		(326)
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				13,129		605
Increase (decrease) in net assets from operations				14,342		1,153
Contract owner transactions:
Proceeds from units sold				4,752		8,675
Cost of units redeemed				-		(18,217)
Account charges				(3,461)		(3,614)
Increase (decrease)				1,291		(13,156)
Net increase (decrease)				15,633		(12,003)
Net assets, beginning				61,714		73,717
Net assets, ending			$	77,347	$	61,714
Units sold				211		488
Units redeemed				(155)		(1,104)
Net increase (decrease)				56		(616)
Units outstanding, beginning				2,962		3,578
Units outstanding, ending				3,018		2,962
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	285,347
Cost of units redeemed/account charges						(265,510)
Net investment income (loss)						8,189
Net realized gain (loss)						12,422
Realized gain distributions						21,504
Net change in unrealized appreciation (depreciation)						15,395
Net assets					$	77,347

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	25.63	3	$	77	N/A	23.0%
12/31/2020		20.83	3		62	N/A	1.1%
12/31/2019		20.61	4		74	N/A	29.0%
12/31/2018		15.97	4		71	N/A	-13.0%
12/31/2017		18.35	5		83	N/A	11.5%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.1%
2020		1.3%
2019		1.9%
2018		1.5%
2017		1.1%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust American Century VP Capital Appreciation Fund I Class - 02-410
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	350,252	$	267,514		18,724
Receivables: investments sold		-
Payables: investments purchased		(101)
Net assets	$	350,151
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	350,151		7,215	$	48.53
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						1,199
Realized gain distributions						39,577
Net change in unrealized appreciation (depreciation)						(5,587)
Net gain (loss)						35,189
Increase (decrease) in net assets from operations					$	35,189
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	-
Net realized gain (loss)				1,199		(2,063)
Realized gain distributions				39,577		27,722
Net change in unrealized appreciation (depreciation)				(5,587)		66,938
Increase (decrease) in net assets from operations				35,189		92,597
Contract owner transactions:
Proceeds from units sold				7,229		7,523
Cost of units redeemed				(702)		(18,128)
Account charges				(6,879)		(6,649)
Increase (decrease)				(352)		(17,254)
Net increase (decrease)				34,837		75,343
Net assets, beginning				315,314		239,971
Net assets, ending			$	350,151	$	315,314
Units sold				154		235
Units redeemed				(161)		(843)
Net increase (decrease)				(7)		(608)
Units outstanding, beginning				7,222		7,830
Units outstanding, ending				7,215		7,222
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	386,632
Cost of units redeemed/account charges						(295,074)
Net investment income (loss)						6,798
Net realized gain (loss)						13,133
Realized gain distributions						155,924
Net change in unrealized appreciation (depreciation)						82,738
Net assets					$	350,151

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	48.53	7	$	350	N/A	11.2%
12/31/2020		43.66	7		315	N/A	42.5%
12/31/2019		30.65	8		240	N/A	35.6%
12/31/2018		22.61	8		180	N/A	-5.2%
12/31/2017		23.85	9		211	N/A	21.8%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.0%
2019		0.0%
2018		0.0%
2017		0.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust American Century VP Income & Growth Fund I Class - 02-425
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	7,327,313	$	6,547,099		683,464
Receivables: investments sold		-
Payables: investments purchased		(573)
Net assets	$	7,326,740
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	7,326,740		342,628	$	21.38
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	77,041
Net investment income (loss)						77,041
Gain (loss) on investments:
Net realized gain (loss)						232,940
Realized gain distributions						1,117,142
Net change in unrealized appreciation (depreciation)						148,663
Net gain (loss)						1,498,745
Increase (decrease) in net assets from operations					$	1,575,786
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	77,041	$	119,360
Net realized gain (loss)				232,940		(8,805)
Realized gain distributions				1,117,142		305,813
Net change in unrealized appreciation (depreciation)				148,663		297,677
Increase (decrease) in net assets from operations				1,575,786		714,045
Contract owner transactions:
Proceeds from units sold				198,915		353,527
Cost of units redeemed				(1,091,279)		(397,237)
Account charges				(249,645)		(241,961)
Increase (decrease)				(1,142,009)		(285,671)
Net increase (decrease)				433,777		428,374
Net assets, beginning				6,892,963		6,464,589
Net assets, ending			$	7,326,740	$	6,892,963
Units sold				10,441		24,504
Units redeemed				(66,391)		(43,875)
Net increase (decrease)				(55,950)		(19,371)
Units outstanding, beginning				398,578		417,949
Units outstanding, ending				342,628		398,578
* Date of Fund Inception into Variable Account: 5 /30 /1999
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	24,260,965
Cost of units redeemed/account charges						(23,918,167)
Net investment income (loss)						1,490,364
Net realized gain (loss)						957,611
Realized gain distributions						3,755,753
Net change in unrealized appreciation (depreciation)						780,214
Net assets					$	7,326,740

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	21.38	343	$	7,327	N/A	23.7%
12/31/2020		17.29	399		6,893	N/A	11.8%
12/31/2019		15.47	418		6,465	N/A	23.9%
12/31/2018		12.48	473		5,903	N/A	-6.9%
12/31/2017		13.40	571		7,651	N/A	20.5%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.1%
2020		1.8%
2019		2.1%
2018		1.9%
2017		2.3%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust American Century VP International Fund I Class - 02-420
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	10,382,038	$	7,405,160		698,604
Receivables: investments sold		-
Payables: investments purchased		(775)
Net assets	$	10,381,263
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	10,381,263		592,565	$	17.52
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	16,546
Net investment income (loss)						16,546
Gain (loss) on investments:
Net realized gain (loss)						228,774
Realized gain distributions						292,966
Net change in unrealized appreciation (depreciation)						333,988
Net gain (loss)						855,728
Increase (decrease) in net assets from operations					$	872,274
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	16,546	$	29,467
Net realized gain (loss)				228,774		73,053
Realized gain distributions				292,966		88,877
Net change in unrealized appreciation (depreciation)				333,988		1,915,434
Increase (decrease) in net assets from operations				872,274		2,106,831
Contract owner transactions:
Proceeds from units sold				491,763		2,642,770
Cost of units redeemed				(735,935)		(569,219)
Account charges				(364,314)		(303,590)
Increase (decrease)				(608,486)		1,769,961
Net increase (decrease)				263,788		3,876,792
Net assets, beginning				10,117,475		6,240,683
Net assets, ending			$	10,381,263	$	10,117,475
Units sold				29,516		209,215
Units redeemed				(64,990)		(68,819)
Net increase (decrease)				(35,474)		140,396
Units outstanding, beginning				628,039		487,643
Units outstanding, ending				592,565		628,039
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	28,157,113
Cost of units redeemed/account charges						(23,436,649)
Net investment income (loss)						749,978
Net realized gain (loss)						379,380
Realized gain distributions						1,554,563
Net change in unrealized appreciation (depreciation)						2,976,878
Net assets					$	10,381,263

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	17.52	593	$	10,381	N/A	8.7%
12/31/2020		16.11	628		10,117	N/A	25.9%
12/31/2019		12.80	488		6,241	N/A	28.4%
12/31/2018		9.97	419		4,171	N/A	-15.2%
12/31/2017		11.75	461		5,423	N/A	31.2%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.2%
2020		0.4%
2019		0.8%
2018		1.4%
2017		0.9%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Calvert VP SRI Mid Cap Growth Portfolio - 02-520
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	103,970	$	90,536		2,774
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	103,970
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	103,970		4,841	$	21.47
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	199
Net investment income (loss)						199
Gain (loss) on investments:
Net realized gain (loss)						1,309
Realized gain distributions						4,300
Net change in unrealized appreciation (depreciation)						8,260
Net gain (loss)						13,869
Increase (decrease) in net assets from operations					$	14,068
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	199	$	390
Net realized gain (loss)				1,309		(834)
Realized gain distributions				4,300		6,552
Net change in unrealized appreciation (depreciation)				8,260		5,026
Increase (decrease) in net assets from operations				14,068		11,134
Contract owner transactions:
Proceeds from units sold				4,129		4,158
Cost of units redeemed				(489)		(4,073)
Account charges				(11,275)		(10,112)
Increase (decrease)				(7,635)		(10,027)
Net increase (decrease)				6,433		1,107
Net assets, beginning				97,537		96,430
Net assets, ending			$	103,970	$	97,537
Units sold				198		314
Units redeemed				(581)		(888)
Net increase (decrease)				(383)		(574)
Units outstanding, beginning				5,224		5,798
Units outstanding, ending				4,841		5,224
* Date of Fund Inception into Variable Account: 5 /28 /2004
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	860,547
Cost of units redeemed/account charges						(874,791)
Net investment income (loss)						2,380
Net realized gain (loss)						31,610
Realized gain distributions						70,790
Net change in unrealized appreciation (depreciation)						13,434
Net assets					$	103,970

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	21.47	5	$	104	N/A	15.0%
12/31/2020		18.67	5		98	N/A	12.2%
12/31/2019		16.63	6		96	N/A	31.4%
12/31/2018		12.66	5		59	N/A	-4.4%
12/31/2017		13.25	5		68	N/A	11.7%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.2%
2020		0.4%
2019		0.5%
2018		0.6%
2017		0.7%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust BNY Mellon Investment Portfolios, Technology Growth Port Service Class - 02-650
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	367,391	$	271,993		11,332
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	367,391
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	367,391		8,673	$	42.36
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						14,353
Realized gain distributions						51,430
Net change in unrealized appreciation (depreciation)						(22,595)
Net gain (loss)						43,188
Increase (decrease) in net assets from operations					$	43,188
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	158
Net realized gain (loss)				14,353		12,781
Realized gain distributions				51,430		25,289
Net change in unrealized appreciation (depreciation)				(22,595)		90,646
Increase (decrease) in net assets from operations				43,188		128,874
Contract owner transactions:
Proceeds from units sold				95,624		49,659
Cost of units redeemed				(90,487)		(92,244)
Account charges				(11,489)		(11,066)
Increase (decrease)				(6,352)		(53,651)
Net increase (decrease)				36,836		75,223
Net assets, beginning				330,555		255,332
Net assets, ending			$	367,391	$	330,555
Units sold				2,468		1,755
Units redeemed				(2,585)		(4,479)
Net increase (decrease)				(117)		(2,724)
Units outstanding, beginning				8,790		11,514
Units outstanding, ending				8,673		8,790
* Date of Fund Inception into Variable Account: 5 /28 /2004
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	2,359,439
Cost of units redeemed/account charges						(2,391,198)
Net investment income (loss)						312
Net realized gain (loss)						143,418
Realized gain distributions						160,022
Net change in unrealized appreciation (depreciation)						95,398
Net assets					$	367,391

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	42.36	9	$	367	N/A	12.6%
12/31/2020		37.60	9		331	N/A	69.6%
12/31/2019		22.18	12		255	N/A	25.5%
12/31/2018		17.67	12		218	N/A	-1.3%
12/31/2017		17.89	9		169	N/A	42.4%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.1%
2019		0.0%
2018		0.0%
2017		0.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust BNY Mellon Investment Portfolios, Small Cap Stock Index Port Ser Class - 02-646
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	122,965	$	108,745		5,221
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	122,965
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	122,965		4,124	$	29.82
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	200
Net investment income (loss)						200
Gain (loss) on investments:
Net realized gain (loss)						674
Realized gain distributions						410
Net change in unrealized appreciation (depreciation)						9,823
Net gain (loss)						10,907
Increase (decrease) in net assets from operations					$	11,107
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	200	$	79
Net realized gain (loss)				674		(102)
Realized gain distributions				410		454
Net change in unrealized appreciation (depreciation)				9,823		4,042
Increase (decrease) in net assets from operations				11,107		4,473
Contract owner transactions:
Proceeds from units sold				89,782		14,840
Cost of units redeemed				(1,016)		(589)
Account charges				(3,253)		(738)
Increase (decrease)				85,513		13,513
Net increase (decrease)				96,620		17,986
Net assets, beginning				26,345		8,359
Net assets, ending			$	122,965	$	26,345
Units sold				3,159		788
Units redeemed				(150)		(64)
Net increase (decrease)				3,009		724
Units outstanding, beginning				1,115		391
Units outstanding, ending				4,124		1,115
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	190,439
Cost of units redeemed/account charges						(94,422)
Net investment income (loss)						877
Net realized gain (loss)						6,618
Realized gain distributions						5,233
Net change in unrealized appreciation (depreciation)						14,220
Net assets					$	122,965

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	29.82	4	$	123	N/A	26.1%
12/31/2020		23.64	1		26	N/A	10.6%
12/31/2019		21.36	0		8	N/A	22.2%
12/31/2018		17.48	0		6	N/A	-9.0%
12/31/2017		19.21	3		60	N/A	12.4%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.3%
2020		0.5%
2019		0.8%
2018		0.2%
2017		1.1%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust BNY Mellon Variable Investment Fund, Appreciation Portfolio Service Cl - 02-645
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	30,682	$	22,057		579
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	30,682
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	30,682		1,128	$	27.20
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	54
Net investment income (loss)						54
Gain (loss) on investments:
Net realized gain (loss)						388
Realized gain distributions						2,539
Net change in unrealized appreciation (depreciation)						3,481
Net gain (loss)						6,408
Increase (decrease) in net assets from operations					$	6,462
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	54	$	111
Net realized gain (loss)				388		116
Realized gain distributions				2,539		1,634
Net change in unrealized appreciation (depreciation)				3,481		2,036
Increase (decrease) in net assets from operations				6,462		3,897
Contract owner transactions:
Proceeds from units sold				1,767		1,816
Cost of units redeemed				(37)		(4,304)
Account charges				(1,584)		(1,481)
Increase (decrease)				146		(3,969)
Net increase (decrease)				6,608		(72)
Net assets, beginning				24,074		24,146
Net assets, ending			$	30,682	$	24,074
Units sold				73		102
Units redeemed				(67)		(368)
Net increase (decrease)				6		(266)
Units outstanding, beginning				1,122		1,388
Units outstanding, ending				1,128		1,122
* Date of Fund Inception into Variable Account: 5 /28 /2004
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	227,824
Cost of units redeemed/account charges						(247,050)
Net investment income (loss)						6,769
Net realized gain (loss)						7,734
Realized gain distributions						26,780
Net change in unrealized appreciation (depreciation)						8,625
Net assets					$	30,682

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	27.20	1	$	31	N/A	26.8%
12/31/2020		21.46	1		24	N/A	23.4%
12/31/2019		17.39	1		24	N/A	35.8%
12/31/2018		12.81	3		37	N/A	-7.1%
12/31/2017		13.79	3		37	N/A	27.0%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.2%
2020		0.5%
2019		0.9%
2018		1.1%
2017		1.2%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Freedom 2005 Portfolio Initial Class - 02-163
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	5,310	$	4,889		388
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	5,310
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	5,310		429	$	12.37
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	60
Net investment income (loss)						60
Gain (loss) on investments:
Net realized gain (loss)						310
Realized gain distributions						173
Net change in unrealized appreciation (depreciation)						(283)
Net gain (loss)						200
Increase (decrease) in net assets from operations					$	260
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	60	$	93
Net realized gain (loss)				310		576
Realized gain distributions				173		358
Net change in unrealized appreciation (depreciation)				(283)		72
Increase (decrease) in net assets from operations				260		1,099
Contract owner transactions:
Proceeds from units sold				752		725
Cost of units redeemed				-		(5,848)
Account charges				(3,016)		(2,764)
Increase (decrease)				(2,264)		(7,887)
Net increase (decrease)				(2,004)		(6,788)
Net assets, beginning				7,314		14,102
Net assets, ending			$	5,310	$	7,314
Units sold				62		64
Units redeemed				(248)		(769)
Net increase (decrease)				(186)		(705)
Units outstanding, beginning				615		1,320
Units outstanding, ending				429		615
* Date of Fund Inception into Variable Account: 5 /20 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	29,527
Cost of units redeemed/account charges						(28,611)
Net investment income (loss)						1,167
Net realized gain (loss)						1,423
Realized gain distributions						1,383
Net change in unrealized appreciation (depreciation)						421
Net assets					$	5,310

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	12.37	0	$	5	N/A	4.1%
12/31/2020		11.89	1		7	N/A	11.3%
12/31/2019		10.69	1		14	N/A	13.8%
12/31/2018		9.39	1		9	N/A	-3.0%
12/31/2017		9.68	1		11	N/A	11.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.0%
2020		0.9%
2019		2.5%
2018		1.6%
2017		1.5%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Freedom 2010 Portfolio Initial Class - 02-162
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	17,010	$	15,048		1,177
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	17,010
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	17,010		1,212	$	14.03
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	177
Net investment income (loss)						177
Gain (loss) on investments:
Net realized gain (loss)						30
Realized gain distributions						570
Net change in unrealized appreciation (depreciation)						175
Net gain (loss)						775
Increase (decrease) in net assets from operations					$	952
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	177	$	198
Net realized gain (loss)				30		13
Realized gain distributions				570		636
Net change in unrealized appreciation (depreciation)				175		968
Increase (decrease) in net assets from operations				952		1,815
Contract owner transactions:
Proceeds from units sold				1		3
Cost of units redeemed				-		-
Account charges				(259)		(278)
Increase (decrease)				(258)		(275)
Net increase (decrease)				694		1,540
Net assets, beginning				16,316		14,776
Net assets, ending			$	17,010	$	16,316
Units sold				-		-
Units redeemed				(19)		(24)
Net increase (decrease)				(19)		(24)
Units outstanding, beginning				1,231		1,255
Units outstanding, ending				1,212		1,231
* Date of Fund Inception into Variable Account: 5 /20 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	56,694
Cost of units redeemed/account charges						(50,285)
Net investment income (loss)						4,144
Net realized gain (loss)						(306)
Realized gain distributions						4,801
Net change in unrealized appreciation (depreciation)						1,962
Net assets					$	17,010

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	14.03	1	$	17	N/A	5.9%
12/31/2020		13.25	1		16	N/A	12.5%
12/31/2019		11.78	1		15	N/A	16.1%
12/31/2018		10.15	1		13	N/A	-4.0%
12/31/2017		10.57	1		14	N/A	13.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.1%
2020		1.3%
2019		2.2%
2018		1.7%
2017		1.6%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Freedom 2015 Portfolio Initial Class - 02-161
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	418,591	$	363,190		29,028
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	418,591
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	418,591		27,446	$	15.25
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	4,553
Net investment income (loss)						4,553
Gain (loss) on investments:
Net realized gain (loss)						1,659
Realized gain distributions						16,927
Net change in unrealized appreciation (depreciation)						7,271
Net gain (loss)						25,857
Increase (decrease) in net assets from operations					$	30,410
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	4,553	$	4,793
Net realized gain (loss)				1,659		675
Realized gain distributions				16,927		17,422
Net change in unrealized appreciation (depreciation)				7,271		26,859
Increase (decrease) in net assets from operations				30,410		49,749
Contract owner transactions:
Proceeds from units sold				571		11,314
Cost of units redeemed				(181)		(853)
Account charges				(12,188)		(10,686)
Increase (decrease)				(11,798)		(225)
Net increase (decrease)				18,612		49,524
Net assets, beginning				399,979		350,455
Net assets, ending			$	418,591	$	399,979
Units sold				38		1,332
Units redeemed				(836)		(1,261)
Net increase (decrease)				(798)		71
Units outstanding, beginning				28,244		28,173
Units outstanding, ending				27,446		28,244
* Date of Fund Inception into Variable Account: 5 /20 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	9,371,605
Cost of units redeemed/account charges						(9,272,170)
Net investment income (loss)						72,287
Net realized gain (loss)						95,667
Realized gain distributions						95,801
Net change in unrealized appreciation (depreciation)						55,401
Net assets					$	418,591

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	15.25	27	$	419	N/A	7.7%
12/31/2020		14.16	28		400	N/A	13.8%
12/31/2019		12.44	28		350	N/A	18.3%
12/31/2018		10.52	12		126	N/A	-5.1%
12/31/2017		11.08	25		272	N/A	15.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.1%
2020		1.3%
2019		2.9%
2018		1.1%
2017		1.6%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Freedom 2020 Portfolio Initial Class - 02-159
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	298,329	$	248,031		19,346
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	298,329
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	298,329		18,498	$	16.13
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	3,232
Net investment income (loss)						3,232
Gain (loss) on investments:
Net realized gain (loss)						1,231
Realized gain distributions						14,953
Net change in unrealized appreciation (depreciation)						6,473
Net gain (loss)						22,657
Increase (decrease) in net assets from operations					$	25,889
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	3,232	$	3,241
Net realized gain (loss)				1,231		3,132
Realized gain distributions				14,953		13,779
Net change in unrealized appreciation (depreciation)				6,473		15,602
Increase (decrease) in net assets from operations				25,889		35,754
Contract owner transactions:
Proceeds from units sold				8,080		8,244
Cost of units redeemed				-		(727)
Account charges				(9,232)		(9,081)
Increase (decrease)				(1,152)		(1,564)
Net increase (decrease)				24,737		34,190
Net assets, beginning				273,592		239,402
Net assets, ending			$	298,329	$	273,592
Units sold				520		636
Units redeemed				(593)		(762)
Net increase (decrease)				(73)		(126)
Units outstanding, beginning				18,571		18,697
Units outstanding, ending				18,498		18,571
* Date of Fund Inception into Variable Account: 5 /20 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	950,393
Cost of units redeemed/account charges						(902,720)
Net investment income (loss)						62,573
Net realized gain (loss)						52,489
Realized gain distributions						85,296
Net change in unrealized appreciation (depreciation)						50,298
Net assets					$	298,329

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	16.13	18	$	298	N/A	9.5%
12/31/2020		14.73	19		274	N/A	15.1%
12/31/2019		12.80	19		239	N/A	20.1%
12/31/2018		10.66	21		225	N/A	-5.9%
12/31/2017		11.32	21		240	N/A	16.6%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.1%
2020		1.3%
2019		2.2%
2018		1.6%
2017		1.8%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Freedom 2025 Portfolio Initial Class - 02-158
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	135,996	$	112,935		7,631
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	135,996
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	135,996		7,705	$	17.65
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,418
Net investment income (loss)						1,418
Gain (loss) on investments:
Net realized gain (loss)						1,037
Realized gain distributions						4,628
Net change in unrealized appreciation (depreciation)						6,489
Net gain (loss)						12,154
Increase (decrease) in net assets from operations					$	13,572
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,418	$	1,409
Net realized gain (loss)				1,037		1,217
Realized gain distributions				4,628		5,450
Net change in unrealized appreciation (depreciation)				6,489		10,251
Increase (decrease) in net assets from operations				13,572		18,327
Contract owner transactions:
Proceeds from units sold				2,423		2,756
Cost of units redeemed				(2,715)		(17,545)
Account charges				(3,738)		(3,772)
Increase (decrease)				(4,030)		(18,561)
Net increase (decrease)				9,542		(234)
Net assets, beginning				126,454		126,688
Net assets, ending			$	135,996	$	126,454
Units sold				143		207
Units redeemed				(379)		(1,491)
Net increase (decrease)				(236)		(1,284)
Units outstanding, beginning				7,941		9,225
Units outstanding, ending				7,705		7,941
* Date of Fund Inception into Variable Account: 5 /20 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	1,487,777
Cost of units redeemed/account charges						(1,470,674)
Net investment income (loss)						28,576
Net realized gain (loss)						31,610
Realized gain distributions						35,646
Net change in unrealized appreciation (depreciation)						23,061
Net assets					$	135,996

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	17.65	8	$	136	N/A	10.8%
12/31/2020		15.92	8		126	N/A	16.0%
12/31/2019		13.73	9		127	N/A	21.9%
12/31/2018		11.27	10		108	N/A	-6.5%
12/31/2017		12.06	11		128	N/A	17.9%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.1%
2020		1.1%
2019		2.1%
2018		1.4%
2017		1.5%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Freedom 2030 Portfolio Initial Class - 02-157
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	196,850	$	134,777		10,978
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	196,850
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	196,850		10,647	$	18.49
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	2,066
Net investment income (loss)						2,066
Gain (loss) on investments:
Net realized gain (loss)						2,183
Realized gain distributions						7,788
Net change in unrealized appreciation (depreciation)						9,756
Net gain (loss)						19,727
Increase (decrease) in net assets from operations					$	21,793
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	2,066	$	1,939
Net realized gain (loss)				2,183		3,121
Realized gain distributions				7,788		7,424
Net change in unrealized appreciation (depreciation)				9,756		13,072
Increase (decrease) in net assets from operations				21,793		25,556
Contract owner transactions:
Proceeds from units sold				6,420		10,597
Cost of units redeemed				(866)		(6,441)
Account charges				(6,994)		(7,232)
Increase (decrease)				(1,440)		(3,076)
Net increase (decrease)				20,353		22,480
Net assets, beginning				176,497		154,017
Net assets, ending			$	196,850	$	176,497
Units sold				361		733
Units redeemed				(442)		(947)
Net increase (decrease)				(81)		(214)
Units outstanding, beginning				10,728		10,942
Units outstanding, ending				10,647		10,728
* Date of Fund Inception into Variable Account: 5 /20 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	406,184
Cost of units redeemed/account charges						(375,202)
Net investment income (loss)						30,698
Net realized gain (loss)						22,381
Realized gain distributions						50,716
Net change in unrealized appreciation (depreciation)						62,073
Net assets					$	196,850

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	18.49	11	$	197	N/A	12.4%
12/31/2020		16.45	11		176	N/A	16.9%
12/31/2019		14.08	11		154	N/A	24.4%
12/31/2018		11.31	14		156	N/A	-7.8%
12/31/2017		12.27	15		186	N/A	21.0%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.1%
2020		1.2%
2019		1.8%
2018		1.4%
2017		1.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Freedom Income Portfolio Initial Class - 02-164
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	10,056	$	8,833		788
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	10,056
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	10,056		919	$	10.94
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	103
Net investment income (loss)						103
Gain (loss) on investments:
Net realized gain (loss)						26
Realized gain distributions						206
Net change in unrealized appreciation (depreciation)						(9)
Net gain (loss)						223
Increase (decrease) in net assets from operations					$	326
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	103	$	122
Net realized gain (loss)				26		16
Realized gain distributions				206		165
Net change in unrealized appreciation (depreciation)				(9)		635
Increase (decrease) in net assets from operations				326		938
Contract owner transactions:
Proceeds from units sold				74		74
Cost of units redeemed				-		-
Account charges				(205)		(199)
Increase (decrease)				(131)		(125)
Net increase (decrease)				195		813
Net assets, beginning				9,861		9,048
Net assets, ending			$	10,056	$	9,861
Units sold				7		7
Units redeemed				(19)		(20)
Net increase (decrease)				(12)		(13)
Units outstanding, beginning				931		944
Units outstanding, ending				919		931
* Date of Fund Inception into Variable Account: 5 /20 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	120,280
Cost of units redeemed/account charges						(128,254)
Net investment income (loss)						7,705
Net realized gain (loss)						4,855
Realized gain distributions						4,247
Net change in unrealized appreciation (depreciation)						1,223
Net assets					$	10,056

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	10.94	1	$	10	N/A	3.3%
12/31/2020		10.59	1		10	N/A	10.5%
12/31/2019		9.59	1		9	N/A	11.9%
12/31/2018		8.56	1		8	N/A	-2.0%
12/31/2017		8.73	1		8	N/A	8.5%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.0%
2020		1.3%
2019		2.1%
2018		1.7%
2017		1.6%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Growth Portfolio Initial Class - 02-210
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	7,995,999	$	4,880,137		78,078
Receivables: investments sold		1,613
Payables: investments purchased		-
Net assets	$	7,997,612
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	7,997,612		186,502	$	42.88
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						496,437
Realized gain distributions						1,585,938
Net change in unrealized appreciation (depreciation)						(495,218)
Net gain (loss)						1,587,157
Increase (decrease) in net assets from operations					$	1,587,157
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	4,472
Net realized gain (loss)				496,437		297,348
Realized gain distributions				1,585,938		569,539
Net change in unrealized appreciation (depreciation)				(495,218)		1,414,081
Increase (decrease) in net assets from operations				1,587,157		2,285,440
Contract owner transactions:
Proceeds from units sold				220,290		274,802
Cost of units redeemed				(777,094)		(565,731)
Account charges				(282,047)		(264,224)
Increase (decrease)				(838,851)		(555,153)
Net increase (decrease)				748,306		1,730,287
Net assets, beginning				7,249,306		5,519,019
Net assets, ending			$	7,997,612	$	7,249,306
Units sold				7,074		10,296
Units redeemed				(28,868)		(30,183)
Net increase (decrease)				(21,794)		(19,887)
Units outstanding, beginning				208,296		228,183
Units outstanding, ending				186,502		208,296
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	26,256,982
Cost of units redeemed/account charges						(27,667,707)
Net investment income (loss)						600,155
Net realized gain (loss)						1,226,924
Realized gain distributions						4,465,396
Net change in unrealized appreciation (depreciation)						3,115,862
Net assets					$	7,997,612

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	42.88	187	$	7,998	N/A	23.2%
12/31/2020		34.80	208		7,249	N/A	43.9%
12/31/2019		24.19	228		5,519	N/A	34.3%
12/31/2018		18.01	245		4,413	N/A	-0.2%
12/31/2017		18.04	297		5,349	N/A	35.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.1%
2019		0.3%
2018		0.3%
2017		0.2%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP High Income Portfolio Initial Class - 02-215
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	2,482,809	$	2,544,985		472,901
Receivables: investments sold		-
Payables: investments purchased		(74)
Net assets	$	2,482,735
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	2,482,735		198,016	$	12.54
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	129,114
Net investment income (loss)						129,114
Gain (loss) on investments:
Net realized gain (loss)						(1,987)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						(26,265)
Net gain (loss)						(28,252)
Increase (decrease) in net assets from operations					$	100,862
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	129,114	$	103,895
Net realized gain (loss)				(1,987)		(8,065)
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				(26,265)		(38,160)
Increase (decrease) in net assets from operations				100,862		57,670
Contract owner transactions:
Proceeds from units sold				472,608		221,369
Cost of units redeemed				(166,780)		(153,398)
Account charges				(94,250)		(91,098)
Increase (decrease)				211,578		(23,127)
Net increase (decrease)				312,440		34,543
Net assets, beginning				2,170,295		2,135,752
Net assets, ending			$	2,482,735	$	2,170,295
Units sold				38,824		19,866
Units redeemed				(21,541)		(21,873)
Net increase (decrease)				17,283		(2,007)
Units outstanding, beginning				180,733		182,740
Units outstanding, ending				198,016		180,733
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	6,744,414
Cost of units redeemed/account charges						(5,751,730)
Net investment income (loss)						1,881,036
Net realized gain (loss)						(328,809)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						(62,176)
Net assets					$	2,482,735

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	12.54	198	$	2,483	N/A	4.4%
12/31/2020		12.01	181		2,170	N/A	2.7%
12/31/2019		11.69	183		2,136	N/A	15.1%
12/31/2018		10.15	106		1,073	N/A	-3.3%
12/31/2017		10.50	111		1,161	N/A	6.9%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		5.5%
2020		4.8%
2019		6.2%
2018		5.7%
2017		5.3%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Index 500 Portfolio Initial Class - 02-225
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	14,715,245	$	5,563,822		31,427
Receivables: investments sold		1,393
Payables: investments purchased		-
Net assets	$	14,716,638
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	14,716,638		452,746	$	32.51
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	168,527
Net investment income (loss)						168,527
Gain (loss) on investments:
Net realized gain (loss)						447,194
Realized gain distributions						96,944
Net change in unrealized appreciation (depreciation)						2,617,045
Net gain (loss)						3,161,183
Increase (decrease) in net assets from operations					$	3,329,710
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	168,527	$	186,444
Net realized gain (loss)				447,194		636,707
Realized gain distributions				96,944		35,667
Net change in unrealized appreciation (depreciation)				2,617,045		1,040,405
Increase (decrease) in net assets from operations				3,329,710		1,899,223
Contract owner transactions:
Proceeds from units sold				417,749		413,237
Cost of units redeemed				(599,745)		(1,089,221)
Account charges				(353,459)		(343,097)
Increase (decrease)				(535,455)		(1,019,081)
Net increase (decrease)				2,794,255		880,142
Net assets, beginning				11,922,383		11,042,241
Net assets, ending			$	14,716,638	$	11,922,383
Units sold				14,539		20,533
Units redeemed				(33,388)		(65,384)
Net increase (decrease)				(18,849)		(44,851)
Units outstanding, beginning				471,595		516,446
Units outstanding, ending				452,746		471,595
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	48,636,865
Cost of units redeemed/account charges						(53,903,055)
Net investment income (loss)						4,216,779
Net realized gain (loss)						5,100,335
Realized gain distributions						1,514,291
Net change in unrealized appreciation (depreciation)						9,151,423
Net assets					$	14,716,638

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	32.51	453	$	14,717	N/A	28.6%
12/31/2020		25.28	472		11,922	N/A	18.2%
12/31/2019		21.38	516		11,042	N/A	31.4%
12/31/2018		16.28	558		9,086	N/A	-4.5%
12/31/2017		17.04	619		10,551	N/A	21.7%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.3%
2020		1.6%
2019		2.0%
2018		1.9%
2017		1.8%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Government Money Market Portfolio Initial Class - 02-250
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	684,312	$	692,636		684,298
Receivables: investments sold		-
Payables: investments purchased		(14)
Net assets	$	684,298
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	684,298		438,029	$	1.56
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	72
Net investment income (loss)						72
Gain (loss) on investments:
Net realized gain (loss)						(1,491)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						1,493
Net gain (loss)						2
Increase (decrease) in net assets from operations					$	74
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	72	$	2,269
Net realized gain (loss)				(1,491)		-
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				1,493		(1)
Increase (decrease) in net assets from operations				74		2,268
Contract owner transactions:
Proceeds from units sold				34,212		337,955
Cost of units redeemed				(133,177)		(175,133)
Account charges				(26,613)		(28,749)
Increase (decrease)				(125,578)		134,073
Net increase (decrease)				(125,504)		136,341
Net assets, beginning				809,802		673,461
Net assets, ending			$	684,298	$	809,802
Units sold				31,973		225,992
Units redeemed				(112,330)		(140,080)
Net increase (decrease)				(80,357)		85,912
Units outstanding, beginning				518,386		432,474
Units outstanding, ending				438,029		518,386
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	20,793,227
Cost of units redeemed/account charges						(20,595,212)
Net investment income (loss)						485,444
Net realized gain (loss)						8,324
Realized gain distributions						839
Net change in unrealized appreciation (depreciation)						(8,324)
Net assets					$	684,298

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	1.56	438	$	684	N/A	0.0%
12/31/2020		1.56	518		810	N/A	0.3%
12/31/2019		1.56	432		673	N/A	2.0%
12/31/2018		1.53	449		686	N/A	1.7%
12/31/2017		1.50	490		736	N/A	0.7%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.3%
2019		2.0%
2018		1.6%
2017		0.7%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Overseas Portfolio Initial Class - 02-220
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	2,048,450	$	1,364,107		69,955
Receivables: investments sold		-
Payables: investments purchased		(148)
Net assets	$	2,048,302
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	2,048,302		117,440	$	17.44
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	10,198
Net investment income (loss)						10,198
Gain (loss) on investments:
Net realized gain (loss)						62,414
Realized gain distributions						142,925
Net change in unrealized appreciation (depreciation)						125,052
Net gain (loss)						330,391
Increase (decrease) in net assets from operations					$	340,589
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	10,198	$	6,889
Net realized gain (loss)				62,414		47,673
Realized gain distributions				142,925		7,127
Net change in unrealized appreciation (depreciation)				125,052		173,482
Increase (decrease) in net assets from operations				340,589		235,171
Contract owner transactions:
Proceeds from units sold				158,564		102,029
Cost of units redeemed				(138,813)		(166,524)
Account charges				(72,913)		(69,611)
Increase (decrease)				(53,162)		(134,106)
Net increase (decrease)				287,427		101,065
Net assets, beginning				1,760,875		1,659,810
Net assets, ending			$	2,048,302	$	1,760,875
Units sold				10,242		8,830
Units redeemed				(13,650)		(19,680)
Net increase (decrease)				(3,408)		(10,850)
Units outstanding, beginning				120,848		131,698
Units outstanding, ending				117,440		120,848
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	28,946,740
Cost of units redeemed/account charges						(29,174,410)
Net investment income (loss)						725,304
Net realized gain (loss)						(331,013)
Realized gain distributions						1,197,338
Net change in unrealized appreciation (depreciation)						684,343
Net assets					$	2,048,302

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	17.44	117	$	2,048	N/A	19.7%
12/31/2020		14.57	121		1,761	N/A	15.6%
12/31/2019		12.60	132		1,660	N/A	27.8%
12/31/2018		9.86	138		1,359	N/A	-14.8%
12/31/2017		11.58	155		1,799	N/A	30.3%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.5%
2020		0.4%
2019		1.8%
2018		1.6%
2017		1.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Mid Cap Portfolio Service 2 Class - 02-941
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	102,610	$	89,807		2,604
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	102,610
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	102,610		4,057	$	25.30
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	350
Net investment income (loss)						350
Gain (loss) on investments:
Net realized gain (loss)						853
Realized gain distributions						15,937
Net change in unrealized appreciation (depreciation)						2,834
Net gain (loss)						19,624
Increase (decrease) in net assets from operations					$	19,974
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	350	$	571
Net realized gain (loss)				853		6,462
Realized gain distributions				15,937		-
Net change in unrealized appreciation (depreciation)				2,834		15,343
Increase (decrease) in net assets from operations				19,974		22,376
Contract owner transactions:
Proceeds from units sold				7,661		3,185
Cost of units redeemed				(286)		(102,115)
Account charges				(3,513)		(5,287)
Increase (decrease)				3,862		(104,217)
Net increase (decrease)				23,836		(81,841)
Net assets, beginning				78,774		160,615
Net assets, ending			$	102,610	$	78,774
Units sold				318		213
Units redeemed				(163)		(5,689)
Net increase (decrease)				155		(5,476)
Units outstanding, beginning				3,902		9,378
Units outstanding, ending				4,057		3,902
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	1,983,583
Cost of units redeemed/account charges						(3,028,723)
Net investment income (loss)						18,701
Net realized gain (loss)						728,303
Realized gain distributions						387,943
Net change in unrealized appreciation (depreciation)						12,803
Net assets					$	102,610

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	25.30	4	$	103	N/A	25.3%
12/31/2020		20.19	4		79	N/A	17.9%
12/31/2019		17.13	9		161	N/A	23.2%
12/31/2018		13.90	9		130	N/A	-14.8%
12/31/2017		16.31	10		157	N/A	20.5%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.4%
2020		0.5%
2019		0.7%
2018		0.4%
2017		0.5%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Asset Manager Portfolio Initial Class - 02-230
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	2,048,438	$	1,782,232		111,746
Receivables: investments sold		-
Payables: investments purchased		(123)
Net assets	$	2,048,315
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	2,048,315		108,953	$	18.80
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	32,479
Net investment income (loss)						32,479
Gain (loss) on investments:
Net realized gain (loss)						35,981
Realized gain distributions						11,155
Net change in unrealized appreciation (depreciation)						85,454
Net gain (loss)						132,590
Increase (decrease) in net assets from operations					$	165,069
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	32,479	$	19,244
Net realized gain (loss)				35,981		4,620
Realized gain distributions				11,155		16,848
Net change in unrealized appreciation (depreciation)				85,454		141,895
Increase (decrease) in net assets from operations				165,069		182,607
Contract owner transactions:
Proceeds from units sold				729,109		60,737
Cost of units redeemed				(158,505)		(64,119)
Account charges				(87,528)		(80,860)
Increase (decrease)				483,076		(84,242)
Net increase (decrease)				648,145		98,365
Net assets, beginning				1,400,170		1,301,805
Net assets, ending			$	2,048,315	$	1,400,170
Units sold				40,794		4,062
Units redeemed				(13,705)		(9,630)
Net increase (decrease)				27,089		(5,568)
Units outstanding, beginning				81,864		87,432
Units outstanding, ending				108,953		81,864
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	11,400,816
Cost of units redeemed/account charges						(11,390,513)
Net investment income (loss)						971,980
Net realized gain (loss)						(69,786)
Realized gain distributions						869,612
Net change in unrealized appreciation (depreciation)						266,206
Net assets					$	2,048,315

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	18.80	109	$	2,048	N/A	9.9%
12/31/2020		17.10	82		1,400	N/A	14.9%
12/31/2019		14.89	87		1,302	N/A	18.2%
12/31/2018		12.59	100		1,261	N/A	-5.3%
12/31/2017		13.30	105		1,403	N/A	14.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.9%
2020		1.4%
2019		1.7%
2018		1.7%
2017		1.9%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Contrafund Portfolio Initial Class - 02-245
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	14,495,366	$	8,721,755		266,697
Receivables: investments sold		-
Payables: investments purchased		(359)
Net assets	$	14,495,007
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	14,495,007		289,475	$	50.07
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	8,380
Net investment income (loss)						8,380
Gain (loss) on investments:
Net realized gain (loss)						502,348
Realized gain distributions						1,673,317
Net change in unrealized appreciation (depreciation)						1,088,149
Net gain (loss)						3,263,814
Increase (decrease) in net assets from operations					$	3,272,194
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	8,380	$	27,030
Net realized gain (loss)				502,348		316,467
Realized gain distributions				1,673,317		55,716
Net change in unrealized appreciation (depreciation)				1,088,149		2,583,157
Increase (decrease) in net assets from operations				3,272,194		2,982,370
Contract owner transactions:
Proceeds from units sold				323,832		349,420
Cost of units redeemed				(925,683)		(873,829)
Account charges				(468,475)		(450,259)
Increase (decrease)				(1,070,326)		(974,668)
Net increase (decrease)				2,201,868		2,007,702
Net assets, beginning				12,293,139		10,285,437
Net assets, ending			$	14,495,007	$	12,293,139
Units sold				7,889		11,107
Units redeemed				(32,251)		(40,112)
Net increase (decrease)				(24,362)		(29,005)
Units outstanding, beginning				313,837		342,842
Units outstanding, ending				289,475		313,837
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	37,710,899
Cost of units redeemed/account charges						(43,955,047)
Net investment income (loss)						1,739,179
Net realized gain (loss)						2,669,343
Realized gain distributions						10,557,022
Net change in unrealized appreciation (depreciation)						5,773,611
Net assets					$	14,495,007

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	50.07	289	$	14,495	N/A	27.8%
12/31/2020		39.17	314		12,293	N/A	30.6%
12/31/2019		30.00	343		10,285	N/A	31.6%
12/31/2018		22.80	370		8,445	N/A	-6.4%
12/31/2017		24.35	434		10,569	N/A	21.9%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.1%
2020		0.2%
2019		0.5%
2018		0.7%
2017		1.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Fidelity VIP Equity-Income Portfolio Initial Class - 02-205
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	3,345,185	$	2,773,548		127,922
Receivables: investments sold		-
Payables: investments purchased		(3)
Net assets	$	3,345,182
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	3,345,182		137,812	$	24.27
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	60,753
Net investment income (loss)						60,753
Gain (loss) on investments:
Net realized gain (loss)						97,660
Realized gain distributions						356,647
Net change in unrealized appreciation (depreciation)						197,950
Net gain (loss)						652,257
Increase (decrease) in net assets from operations					$	713,010
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	60,753	$	49,146
Net realized gain (loss)				97,660		1,629
Realized gain distributions				356,647		120,817
Net change in unrealized appreciation (depreciation)				197,950		13,502
Increase (decrease) in net assets from operations				713,010		185,094
Contract owner transactions:
Proceeds from units sold				78,403		179,557
Cost of units redeemed				(349,550)		(142,869)
Account charges				(119,033)		(104,408)
Increase (decrease)				(390,180)		(67,720)
Net increase (decrease)				322,830		117,374
Net assets, beginning				3,022,352		2,904,978
Net assets, ending			$	3,345,182	$	3,022,352
Units sold				5,727		11,104
Units redeemed				(23,422)		(15,071)
Net increase (decrease)				(17,695)		(3,967)
Units outstanding, beginning				155,507		159,474
Units outstanding, ending				137,812		155,507
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	16,574,688
Cost of units redeemed/account charges						(17,201,453)
Net investment income (loss)						1,617,764
Net realized gain (loss)						(1,307,813)
Realized gain distributions						3,090,359
Net change in unrealized appreciation (depreciation)						571,637
Net assets					$	3,345,182

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	24.27	138	$	3,345	N/A	24.9%
12/31/2020		19.44	156		3,022	N/A	6.7%
12/31/2019		18.22	159		2,905	N/A	27.4%
12/31/2018		14.29	168		2,406	N/A	-8.3%
12/31/2017		15.59	186		2,897	N/A	12.9%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.9%
2020		1.7%
2019		2.1%
2018		2.3%
2017		1.7%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Franklin Small Cap Value VIP Fund 1 Class - 02-906
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	3,423,184	$	3,364,297		185,722
Receivables: investments sold		-
Payables: investments purchased		(326)
Net assets	$	3,422,858
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	3,422,858		198,176	$	17.27
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	37,269
Net investment income (loss)						37,269
Gain (loss) on investments:
Net realized gain (loss)						5,604
Realized gain distributions						83,121
Net change in unrealized appreciation (depreciation)						262,858
Net gain (loss)						351,583
Increase (decrease) in net assets from operations					$	388,852
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	37,269	$	21,833
Net realized gain (loss)				5,604		(48,778)
Realized gain distributions				83,121		78,238
Net change in unrealized appreciation (depreciation)				262,858		27,136
Increase (decrease) in net assets from operations				388,852		78,429
Contract owner transactions:
Proceeds from units sold				1,758,699		137,088
Cost of units redeemed				(181,215)		(108,824)
Account charges				(95,772)		(53,812)
Increase (decrease)				1,481,712		(25,548)
Net increase (decrease)				1,870,564		52,881
Net assets, beginning				1,552,294		1,499,413
Net assets, ending			$	3,422,858	$	1,552,294
Units sold				102,547		13,630
Units redeemed				(17,316)		(15,681)
Net increase (decrease)				85,231		(2,051)
Units outstanding, beginning				112,945		114,996
Units outstanding, ending				198,176		112,945
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	4,583,270
Cost of units redeemed/account charges						(2,552,157)
Net investment income (loss)						148,517
Net realized gain (loss)						(57,294)
Realized gain distributions						1,241,635
Net change in unrealized appreciation (depreciation)						58,887
Net assets					$	3,422,858

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	17.27	198	$	3,423	N/A	25.7%
12/31/2020		13.74	113		1,552	N/A	5.4%
12/31/2019		13.04	115		1,499	N/A	26.7%
12/31/2018		10.29	114		1,176	N/A	-12.7%
12/31/2017		11.78	148		1,742	N/A	10.9%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.5%
2020		1.4%
2019		1.3%
2018		1.1%
2017		0.7%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Templeton Global Bond VIP Fund 1 Class - 02-907
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	100,929	$	127,471		7,302
Receivables: investments sold		-
Payables: investments purchased		(4)
Net assets	$	100,925
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	100,925		12,813	$	7.88
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						(3,904)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						(1,043)
Net gain (loss)						(4,947)
Increase (decrease) in net assets from operations					$	(4,947)
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	10,622
Net realized gain (loss)				(3,904)		(10,900)
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				(1,043)		(7,080)
Increase (decrease) in net assets from operations				(4,947)		(7,358)
Contract owner transactions:
Proceeds from units sold				6,794		21,702
Cost of units redeemed				(12,769)		(52,370)
Account charges				(4,784)		(5,655)
Increase (decrease)				(10,759)		(36,323)
Net increase (decrease)				(15,706)		(43,681)
Net assets, beginning				116,631		160,312
Net assets, ending			$	100,925	$	116,631
Units sold				845		2,618
Units redeemed				(2,154)		(6,922)
Net increase (decrease)				(1,309)		(4,304)
Units outstanding, beginning				14,122		18,426
Units outstanding, ending				12,813		14,122
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	727,574
Cost of units redeemed/account charges						(705,358)
Net investment income (loss)						125,984
Net realized gain (loss)						(29,850)
Realized gain distributions						9,117
Net change in unrealized appreciation (depreciation)						(26,542)
Net assets					$	100,925

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	7.88	13	$	101	N/A	-4.6%
12/31/2020		8.26	14		117	N/A	-5.1%
12/31/2019		8.70	18		160	N/A	2.3%
12/31/2018		8.51	19		158	N/A	2.2%
12/31/2017		8.32	20		163	N/A	2.2%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		7.7%
2019		7.2%
2018		0.0%
2017		0.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Franklin Allocation VIP Fund 1 Class - 02-908
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	60,265	$	63,598		10,010
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	60,265
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	60,265		5,204	$	11.58
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,159
Net investment income (loss)						1,159
Gain (loss) on investments:
Net realized gain (loss)						(664)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						6,127
Net gain (loss)						5,463
Increase (decrease) in net assets from operations					$	6,622
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,159	$	928
Net realized gain (loss)				(664)		(1,723)
Realized gain distributions				-		14,031
Net change in unrealized appreciation (depreciation)				6,127		(6,991)
Increase (decrease) in net assets from operations				6,622		6,245
Contract owner transactions:
Proceeds from units sold				2,824		2,783
Cost of units redeemed				(257)		(464)
Account charges				(6,453)		(6,337)
Increase (decrease)				(3,886)		(4,018)
Net increase (decrease)				2,736		2,227
Net assets, beginning				57,529		55,302
Net assets, ending			$	60,265	$	57,529
Units sold				257		301
Units redeemed				(608)		(736)
Net increase (decrease)				(351)		(435)
Units outstanding, beginning				5,555		5,990
Units outstanding, ending				5,204		5,555
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	186,894
Cost of units redeemed/account charges						(193,316)
Net investment income (loss)						29,885
Net realized gain (loss)						2,545
Realized gain distributions						37,590
Net change in unrealized appreciation (depreciation)						(3,333)
Net assets					$	60,265

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	11.58	5	$	60	N/A	11.8%
12/31/2020		10.36	6		58	N/A	12.2%
12/31/2019		9.23	6		55	N/A	20.0%
12/31/2018		7.69	6		48	N/A	-9.3%
12/31/2017		8.48	7		57	N/A	12.2%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		2.0%
2020		1.6%
2019		3.9%
2018		3.4%
2017		2.7%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Templeton Foreign VIP Fund 2 Class - 02-909
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	43,970	$	45,776		3,235
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	43,970
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	43,970		4,473	$	9.83
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	824
Net investment income (loss)						824
Gain (loss) on investments:
Net realized gain (loss)						(14)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						923
Net gain (loss)						909
Increase (decrease) in net assets from operations					$	1,733
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	824	$	1,228
Net realized gain (loss)				(14)		(3,809)
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				923		(480)
Increase (decrease) in net assets from operations				1,733		(3,061)
Contract owner transactions:
Proceeds from units sold				2,396		2,972
Cost of units redeemed				(446)		(10,264)
Account charges				(1,730)		(1,947)
Increase (decrease)				220		(9,239)
Net increase (decrease)				1,953		(12,300)
Net assets, beginning				42,017		54,317
Net assets, ending			$	43,970	$	42,017
Units sold				236		380
Units redeemed				(215)		(1,616)
Net increase (decrease)				21		(1,236)
Units outstanding, beginning				4,452		5,688
Units outstanding, ending				4,473		4,452
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	6,489,874
Cost of units redeemed/account charges						(8,157,446)
Net investment income (loss)						569,708
Net realized gain (loss)						993,605
Realized gain distributions						150,035
Net change in unrealized appreciation (depreciation)						(1,806)
Net assets					$	43,970

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	9.83	4	$	44	N/A	4.2%
12/31/2020		9.44	4		42	N/A	-1.2%
12/31/2019		9.55	6		54	N/A	12.5%
12/31/2018		8.49	6		51	N/A	-15.4%
12/31/2017		10.04	350		3,512	N/A	16.7%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.9%
2020		2.5%
2019		1.7%
2018		0.1%
2017		2.6%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Goldman Sachs VIT Government Money Market Fund Service Class - 02-CGK
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	2,968,815	$	2,968,815		2,968,665
Receivables: investments sold		-
Payables: investments purchased		(150)
Net assets	$	2,968,665
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	2,968,665		570,083	$	5.21
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	203
Net investment income (loss)						203
Gain (loss) on investments:
Net realized gain (loss)						-
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						-
Net gain (loss)						-
Increase (decrease) in net assets from operations					$	203
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	203	$	9,591
Net realized gain (loss)				-		-
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				-		-
Increase (decrease) in net assets from operations				203		9,591
Contract owner transactions:
Proceeds from units sold				2,613,830		3,069,559
Cost of units redeemed				(3,146,619)		(2,727,806)
Account charges				(169,269)		(185,191)
Increase (decrease)				(702,058)		156,562
Net increase (decrease)				(701,855)		166,153
Net assets, beginning				3,670,520		3,504,367
Net assets, ending			$	2,968,665	$	3,670,520
Units sold				521,182		617,644
Units redeemed				(656,010)		(587,497)
Net increase (decrease)				(134,828)		30,147
Units outstanding, beginning				704,911		674,764
Units outstanding, ending				570,083		704,911
* Date of Fund Inception into Variable Account: 11 /19 /2015
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	19,676,272
Cost of units redeemed/account charges						(16,858,470)
Net investment income (loss)						150,863
Net realized gain (loss)						-
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						-
Net assets					$	2,968,665

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	5.21	570	$	2,969	N/A	0.0%
12/31/2020		5.21	705		3,671	N/A	0.3%
12/31/2019		5.19	675		3,504	N/A	1.8%
12/31/2018		5.10	709		3,614	N/A	1.5%
12/31/2017		5.03	865		4,351	N/A	0.5%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.3%
2019		1.8%
2018		1.4%
2017		0.5%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Janus Henderson Global Research Portfolio Institutional Class - 02-606
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	4,051,128	$	2,034,029		56,834
Receivables: investments sold		27
Payables: investments purchased		-
Net assets	$	4,051,155
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	4,051,155		226,431	$	17.89
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	20,295
Net investment income (loss)						20,295
Gain (loss) on investments:
Net realized gain (loss)						193,219
Realized gain distributions						181,940
Net change in unrealized appreciation (depreciation)						251,907
Net gain (loss)						627,066
Increase (decrease) in net assets from operations					$	647,361
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	20,295	$	26,347
Net realized gain (loss)				193,219		98,356
Realized gain distributions				181,940		168,364
Net change in unrealized appreciation (depreciation)				251,907		338,763
Increase (decrease) in net assets from operations				647,361		631,830
Contract owner transactions:
Proceeds from units sold				146,171		155,812
Cost of units redeemed				(313,296)		(184,718)
Account charges				(162,138)		(144,175)
Increase (decrease)				(329,263)		(173,081)
Net increase (decrease)				318,098		458,749
Net assets, beginning				3,733,057		3,274,308
Net assets, ending			$	4,051,155	$	3,733,057
Units sold				9,158		12,837
Units redeemed				(29,123)		(25,912)
Net increase (decrease)				(19,965)		(13,075)
Units outstanding, beginning				246,396		259,471
Units outstanding, ending				226,431		246,396
* Date of Fund Inception into Variable Account: 5 /30 /1999
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	18,225,601
Cost of units redeemed/account charges						(17,695,825)
Net investment income (loss)						840,992
Net realized gain (loss)						127,255
Realized gain distributions						536,033
Net change in unrealized appreciation (depreciation)						2,017,099
Net assets					$	4,051,155

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	17.89	226	$	4,051	N/A	18.1%
12/31/2020		15.15	246		3,733	N/A	20.1%
12/31/2019		12.62	259		3,274	N/A	29.0%
12/31/2018		9.78	278		2,718	N/A	-6.9%
12/31/2017		10.50	334		3,504	N/A	27.0%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.5%
2020		0.8%
2019		1.0%
2018		1.1%
2017		0.8%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Janus Henderson Overseas Portfolio Service Class - 02-609
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	45,857	$	36,978		1,117
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	45,857
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	45,857		4,211	$	10.89
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	433
Net investment income (loss)						433
Gain (loss) on investments:
Net realized gain (loss)						172
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						3,681
Net gain (loss)						3,853
Increase (decrease) in net assets from operations					$	4,286
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	433	$	213
Net realized gain (loss)				172		39
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				3,681		3,069
Increase (decrease) in net assets from operations				4,286		3,321
Contract owner transactions:
Proceeds from units sold				19,512		3,264
Cost of units redeemed				-		-
Account charges				(710)		(821)
Increase (decrease)				18,802		2,443
Net increase (decrease)				23,088		5,764
Net assets, beginning				22,769		17,005
Net assets, ending			$	45,857	$	22,769
Units sold				1,909		424
Units redeemed				(67)		(108)
Net increase (decrease)				1,842		316
Units outstanding, beginning				2,369		2,053
Units outstanding, ending				4,211		2,369
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	371,140
Cost of units redeemed/account charges						(318,916)
Net investment income (loss)						8,128
Net realized gain (loss)						(35,447)
Realized gain distributions						12,073
Net change in unrealized appreciation (depreciation)						8,879
Net assets					$	45,857

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	10.89	4	$	46	N/A	13.3%
12/31/2020		9.61	2		23	N/A	16.0%
12/31/2019		8.28	2		17	N/A	26.7%
12/31/2018		6.54	2		13	N/A	-15.1%
12/31/2017		7.70	2		16	N/A	30.8%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.3%
2020		1.1%
2019		1.9%
2018		1.9%
2017		1.7%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Janus Henderson Mid Cap Value Portfolio Service Class - 02-259
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	32,490	$	28,105		1,769
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	32,490
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	32,490		1,819	$	17.86
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	93
Net investment income (loss)						93
Gain (loss) on investments:
Net realized gain (loss)						50
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						5,086
Net gain (loss)						5,136
Increase (decrease) in net assets from operations					$	5,229
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	93	$	267
Net realized gain (loss)				50		(1,044)
Realized gain distributions				-		539
Net change in unrealized appreciation (depreciation)				5,086		(636)
Increase (decrease) in net assets from operations				5,229		(874)
Contract owner transactions:
Proceeds from units sold				1,361		2,262
Cost of units redeemed				(184)		(3,927)
Account charges				(715)		(734)
Increase (decrease)				462		(2,399)
Net increase (decrease)				5,691		(3,273)
Net assets, beginning				26,799		30,072
Net assets, ending			$	32,490	$	26,799
Units sold				80		176
Units redeemed				(53)		(370)
Net increase (decrease)				27		(194)
Units outstanding, beginning				1,792		1,986
Units outstanding, ending				1,819		1,792
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	110,604
Cost of units redeemed/account charges						(100,961)
Net investment income (loss)						3,022
Net realized gain (loss)						(1,223)
Realized gain distributions						16,663
Net change in unrealized appreciation (depreciation)						4,385
Net assets					$	32,490

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	17.86	2	$	32	N/A	19.4%
12/31/2020		14.96	2		27	N/A	-1.2%
12/31/2019		15.14	2		30	N/A	30.0%
12/31/2018		11.64	2		23	N/A	-13.8%
12/31/2017		13.51	2		26	N/A	13.6%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.3%
2020		0.9%
2019		1.5%
2018		1.0%
2017		0.6%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Janus Henderson Balanced Portfolio Service Class - 02-611
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	9,362,233	$	5,974,563		176,210
Receivables: investments sold		1,573
Payables: investments purchased		-
Net assets	$	9,363,806
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	9,363,806		972,689	$	9.63
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	77,038
Net investment income (loss)						77,038
Gain (loss) on investments:
Net realized gain (loss)						182,935
Realized gain distributions						47,190
Net change in unrealized appreciation (depreciation)						1,074,002
Net gain (loss)						1,304,127
Increase (decrease) in net assets from operations					$	1,381,165
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	77,038	$	168,348
Net realized gain (loss)				182,935		254,504
Realized gain distributions				47,190		75,637
Net change in unrealized appreciation (depreciation)				1,074,002		576,236
Increase (decrease) in net assets from operations				1,381,165		1,074,725
Contract owner transactions:
Proceeds from units sold				200,779		176,027
Cost of units redeemed				(314,000)		(941,920)
Account charges				(289,736)		(291,233)
Increase (decrease)				(402,957)		(1,057,126)
Net increase (decrease)				978,208		17,599
Net assets, beginning				8,385,598		8,367,999
Net assets, ending			$	9,363,806	$	8,385,598
Units sold				36,732		26,937
Units redeemed				(82,407)		(167,367)
Net increase (decrease)				(45,675)		(140,430)
Units outstanding, beginning				1,018,364		1,158,794
Units outstanding, ending				972,689		1,018,364
* Date of Fund Inception into Variable Account: 10 /21 /2016
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	8,720,418
Cost of units redeemed/account charges						(4,761,893)
Net investment income (loss)						697,965
Net realized gain (loss)						753,211
Realized gain distributions						566,435
Net change in unrealized appreciation (depreciation)						3,387,670
Net assets					$	9,363,806

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	9.63	973	$	9,364	N/A	16.9%
12/31/2020		8.23	1,018		8,386	N/A	14.0%
12/31/2019		7.22	1,159		8,368	N/A	22.3%
12/31/2018		5.91	1,270		7,502	N/A	0.4%
12/31/2017		5.88	1,420		8,349	N/A	18.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.9%
2020		2.0%
2019		1.7%
2018		1.9%
2017		1.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Janus Henderson Flexible Bond Portfolio Institutional Class - 02-607
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	5,154,750	$	5,163,301		427,754
Receivables: investments sold		-
Payables: investments purchased		(303)
Net assets	$	5,154,447
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	5,154,447		325,903	$	15.82
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	140,980
Net investment income (loss)						140,980
Gain (loss) on investments:
Net realized gain (loss)						9,281
Realized gain distributions						102,144
Net change in unrealized appreciation (depreciation)						(276,911)
Net gain (loss)						(165,486)
Increase (decrease) in net assets from operations					$	(24,506)
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	140,980	$	118,305
Net realized gain (loss)				9,281		24,433
Realized gain distributions				102,144		-
Net change in unrealized appreciation (depreciation)				(276,911)		267,086
Increase (decrease) in net assets from operations				(24,506)		409,824
Contract owner transactions:
Proceeds from units sold				1,527,019		193,333
Cost of units redeemed				(205,885)		(517,701)
Account charges				(174,829)		(167,526)
Increase (decrease)				1,146,305		(491,894)
Net increase (decrease)				1,121,799		(82,070)
Net assets, beginning				4,032,648		4,114,718
Net assets, ending			$	5,154,447	$	4,032,648
Units sold				97,648		12,938
Units redeemed				(24,427)		(45,107)
Net increase (decrease)				73,221		(32,169)
Units outstanding, beginning				252,682		284,851
Units outstanding, ending				325,903		252,682
* Date of Fund Inception into Variable Account: 5 /30 /1999
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	26,468,600
Cost of units redeemed/account charges						(27,006,861)
Net investment income (loss)						4,716,723
Net realized gain (loss)						263,836
Realized gain distributions						720,700
Net change in unrealized appreciation (depreciation)						(8,551)
Net assets					$	5,154,447

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	15.82	326	$	5,154	N/A	-0.9%
12/31/2020		15.96	253		4,033	N/A	10.5%
12/31/2019		14.45	285		4,115	N/A	9.6%
12/31/2018		13.18	351		4,621	N/A	-1.0%
12/31/2017		13.32	352		4,683	N/A	3.6%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		3.1%
2020		2.9%
2019		3.1%
2018		3.2%
2017		2.8%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Janus Henderson Forty Portfolio Institutional Class - 02-602
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	242,320	$	179,713		3,924
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	242,320
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	242,320		9,545	$	25.39
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,570
Net investment income (loss)						1,570
Gain (loss) on investments:
Net realized gain (loss)						32,728
Realized gain distributions						35,468
Net change in unrealized appreciation (depreciation)						(9,925)
Net gain (loss)						58,271
Increase (decrease) in net assets from operations					$	59,841
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,570	$	1,473
Net realized gain (loss)				32,728		3,793
Realized gain distributions				35,468		13,875
Net change in unrealized appreciation (depreciation)				(9,925)		52,919
Increase (decrease) in net assets from operations				59,841		72,060
Contract owner transactions:
Proceeds from units sold				44,890		75,328
Cost of units redeemed				(95,887)		(23,632)
Account charges				(9,268)		(9,464)
Increase (decrease)				(60,265)		42,232
Net increase (decrease)				(424)		114,292
Net assets, beginning				242,744		128,452
Net assets, ending			$	242,320	$	242,744
Units sold				2,189		5,040
Units redeemed				(4,395)		(1,957)
Net increase (decrease)				(2,206)		3,083
Units outstanding, beginning				11,751		8,668
Units outstanding, ending				9,545		11,751
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	297,106
Cost of units redeemed/account charges						(266,920)
Net investment income (loss)						6,186
Net realized gain (loss)						46,273
Realized gain distributions						97,068
Net change in unrealized appreciation (depreciation)						62,607
Net assets					$	242,320

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	25.39	10	$	242	N/A	22.9%
12/31/2020		20.66	12		243	N/A	39.4%
12/31/2019		14.82	9		128	N/A	37.2%
12/31/2018		10.80	9		95	N/A	2.0%
12/31/2017		10.59	8		84	N/A	30.3%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.6%
2020		0.8%
2019		0.2%
2018		1.1%
2017		0.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Neuberger Berman AMT Mid Cap Growth Portfolio Service Class - 02-866
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	376,861	$	261,765		10,462
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	376,861
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	376,861		11,293	$	33.37
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						18,373
Realized gain distributions						43,626
Net change in unrealized appreciation (depreciation)						(15,977)
Net gain (loss)						46,022
Increase (decrease) in net assets from operations					$	46,022
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	-
Net realized gain (loss)				18,373		6,013
Realized gain distributions				43,626		16,756
Net change in unrealized appreciation (depreciation)				(15,977)		85,166
Increase (decrease) in net assets from operations				46,022		107,935
Contract owner transactions:
Proceeds from units sold				4,832		4,917
Cost of units redeemed				(38,775)		(32,782)
Account charges				(9,860)		(9,486)
Increase (decrease)				(43,803)		(37,351)
Net increase (decrease)				2,219		70,584
Net assets, beginning				374,642		304,058
Net assets, ending			$	376,861	$	374,642
Units sold				151		746
Units redeemed				(1,513)		(2,440)
Net increase (decrease)				(1,362)		(1,694)
Units outstanding, beginning				12,655		14,349
Units outstanding, ending				11,293		12,655
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	580,908
Cost of units redeemed/account charges						(539,857)
Net investment income (loss)						-
Net realized gain (loss)						70,749
Realized gain distributions						149,965
Net change in unrealized appreciation (depreciation)						115,096
Net assets					$	376,861

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	33.37	11	$	377	N/A	12.7%
12/31/2020		29.60	13		375	N/A	39.7%
12/31/2019		21.19	14		304	N/A	32.5%
12/31/2018		15.99	15		241	N/A	-6.6%
12/31/2017		17.12	16		276	N/A	24.6%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.0%
2019		0.0%
2018		0.0%
2017		0.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Neuberger Berman Mid Cap Intrinsic Value Portfolio I Class - 02-870
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	537,508	$	392,757		26,439
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	537,508
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	537,508		19,399	$	27.71
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	3,083
Net investment income (loss)						3,083
Gain (loss) on investments:
Net realized gain (loss)						10,314
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						123,828
Net gain (loss)						134,142
Increase (decrease) in net assets from operations					$	137,225
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	3,083	$	4,372
Net realized gain (loss)				10,314		(4,930)
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				123,828		(12,321)
Increase (decrease) in net assets from operations				137,225		(12,879)
Contract owner transactions:
Proceeds from units sold				28,372		22,811
Cost of units redeemed				(39,808)		(13,272)
Account charges				(15,397)		(12,023)
Increase (decrease)				(26,833)		(2,484)
Net increase (decrease)				110,392		(15,363)
Net assets, beginning				427,116		442,479
Net assets, ending			$	537,508	$	427,116
Units sold				1,132		1,410
Units redeemed				(2,203)		(1,591)
Net increase (decrease)				(1,071)		(181)
Units outstanding, beginning				20,470		20,651
Units outstanding, ending				19,399		20,470
* Date of Fund Inception into Variable Account: 5 /1 /2003
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	3,052,488
Cost of units redeemed/account charges						(3,245,464)
Net investment income (loss)						67,119
Net realized gain (loss)						128,591
Realized gain distributions						390,023
Net change in unrealized appreciation (depreciation)						144,751
Net assets					$	537,508

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	27.71	19	$	538	N/A	32.8%
12/31/2020		20.87	20		427	N/A	-2.6%
12/31/2019		21.43	21		442	N/A	16.7%
12/31/2018		18.35	22		401	N/A	-15.3%
12/31/2017		21.66	23		491	N/A	16.7%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.6%
2020		1.0%
2019		0.7%
2018		0.7%
2017		0.8%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Neuberger Berman Short Duration Bond Portfolio I Class - 02-875
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	193,419	$	199,554		18,456
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	193,419
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	193,419		28,008	$	6.91
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	5,094
Net investment income (loss)						5,094
Gain (loss) on investments:
Net realized gain (loss)						(158)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						(3,358)
Net gain (loss)						(3,516)
Increase (decrease) in net assets from operations					$	1,578
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	5,094	$	4,908
Net realized gain (loss)				(158)		(1,396)
Realized gain distributions				-		-
Net change in unrealized appreciation (depreciation)				(3,358)		3,705
Increase (decrease) in net assets from operations				1,578		7,217
Contract owner transactions:
Proceeds from units sold				6,437		21,078
Cost of units redeemed				(7,827)		(48,615)
Account charges				(14,258)		(14,259)
Increase (decrease)				(15,648)		(41,796)
Net increase (decrease)				(14,070)		(34,579)
Net assets, beginning				207,489		242,068
Net assets, ending			$	193,419	$	207,489
Units sold				932		3,189
Units redeemed				(3,192)		(9,454)
Net increase (decrease)				(2,260)		(6,265)
Units outstanding, beginning				30,268		36,533
Units outstanding, ending				28,008		30,268
* Date of Fund Inception into Variable Account: 5 /1 /2003
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	7,470,232
Cost of units redeemed/account charges						(7,479,232)
Net investment income (loss)						372,151
Net realized gain (loss)						(163,597)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						(6,135)
Net assets					$	193,419

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	6.91	28	$	193	N/A	0.7%
12/31/2020		6.86	30		207	N/A	3.5%
12/31/2019		6.63	37		242	N/A	3.7%
12/31/2018		6.39	32		203	N/A	1.0%
12/31/2017		6.33	34		214	N/A	0.9%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		2.5%
2020		2.2%
2019		2.2%
2018		1.5%
2017		1.3%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Pioneer Select Mid Cap Growth VCT Portfolio I Class - 02-597
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	2,443,289	$	1,906,543		70,013
Receivables: investments sold		189
Payables: investments purchased		-
Net assets	$	2,443,478
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	2,443,478		68,621	$	35.61
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						65,070
Realized gain distributions						342,300
Net change in unrealized appreciation (depreciation)						(215,075)
Net gain (loss)						192,295
Increase (decrease) in net assets from operations					$	192,295
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	-
Net realized gain (loss)				65,070		30,422
Realized gain distributions				342,300		136,770
Net change in unrealized appreciation (depreciation)				(215,075)		528,799
Increase (decrease) in net assets from operations				192,295		695,991
Contract owner transactions:
Proceeds from units sold				62,148		153,637
Cost of units redeemed				(148,707)		(172,797)
Account charges				(77,760)		(70,157)
Increase (decrease)				(164,319)		(89,317)
Net increase (decrease)				27,976		606,674
Net assets, beginning				2,415,502		1,808,828
Net assets, ending			$	2,443,478	$	2,415,502
Units sold				2,281		6,984
Units redeemed				(6,969)		(10,076)
Net increase (decrease)				(4,688)		(3,092)
Units outstanding, beginning				73,309		76,401
Units outstanding, ending				68,621		73,309
* Date of Fund Inception into Variable Account: 5 /30 /1999
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	6,075,617
Cost of units redeemed/account charges						(7,085,433)
Net investment income (loss)						80,776
Net realized gain (loss)						527,992
Realized gain distributions						2,307,780
Net change in unrealized appreciation (depreciation)						536,746
Net assets					$	2,443,478

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	35.61	69	$	2,443	N/A	8.1%
12/31/2020		32.95	73		2,416	N/A	39.2%
12/31/2019		23.68	76		1,809	N/A	33.1%
12/31/2018		17.79	83		1,469	N/A	-6.5%
12/31/2017		19.02	100		1,901	N/A	30.0%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.0%
2019		0.0%
2018		0.0%
2017		0.1%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Pioneer Equity Income VCT Portfolio II Class - 02-598
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	67,314	$	69,744		3,443
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	67,314
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	67,314		2,754	$	24.44
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	853
Net investment income (loss)						853
Gain (loss) on investments:
Net realized gain (loss)						(5,564)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						18,845
Net gain (loss)						13,281
Increase (decrease) in net assets from operations					$	14,134
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	853	$	1,235
Net realized gain (loss)				(5,564)		(623)
Realized gain distributions				-		1,983
Net change in unrealized appreciation (depreciation)				18,845		(2,193)
Increase (decrease) in net assets from operations				14,134		402
Contract owner transactions:
Proceeds from units sold				26,399		6,987
Cost of units redeemed				(30,173)		(236)
Account charges				(1,032)		(1,421)
Increase (decrease)				(4,806)		5,330
Net increase (decrease)				9,328		5,732
Net assets, beginning				57,986		52,254
Net assets, ending			$	67,314	$	57,986
Units sold				1,148		399
Units redeemed				(1,368)		(98)
Net increase (decrease)				(220)		301
Units outstanding, beginning				2,974		2,673
Units outstanding, ending				2,754		2,974
* Date of Fund Inception into Variable Account: 5 /1 /2009
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	85,222
Cost of units redeemed/account charges						(51,218)
Net investment income (loss)						5,821
Net realized gain (loss)						(4,590)
Realized gain distributions						34,509
Net change in unrealized appreciation (depreciation)						(2,430)
Net assets					$	67,314

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	24.44	3	$	67	N/A	25.3%
12/31/2020		19.50	3		58	N/A	-0.3%
12/31/2019		19.55	3		52	N/A	25.2%
12/31/2018		15.61	3		42	N/A	-8.8%
12/31/2017		17.11	3		46	N/A	15.2%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.4%
2020		2.2%
2019		2.5%
2018		2.3%
2017		1.5%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Pioneer Bond VCT Portfolio I Class - 02-CPG
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	2,408,985	$	2,356,424		213,749
Receivables: investments sold		-
Payables: investments purchased		(29)
Net assets	$	2,408,956
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	2,408,956		391,111	$	6.16
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	79,080
Net investment income (loss)						79,080
Gain (loss) on investments:
Net realized gain (loss)						148,174
Realized gain distributions						62,982
Net change in unrealized appreciation (depreciation)						(293,296)
Net gain (loss)						(82,140)
Increase (decrease) in net assets from operations					$	(3,060)
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	79,080	$	149,823
Net realized gain (loss)				148,174		22,251
Realized gain distributions				62,982		-
Net change in unrealized appreciation (depreciation)				(293,296)		238,754
Increase (decrease) in net assets from operations				(3,060)		410,828
Contract owner transactions:
Proceeds from units sold				268,079		336,028
Cost of units redeemed				(2,667,879)		(610,283)
Account charges				(141,583)		(216,736)
Increase (decrease)				(2,541,383)		(490,991)
Net increase (decrease)				(2,544,443)		(80,163)
Net assets, beginning				4,953,399		5,033,562
Net assets, ending			$	2,408,956	$	4,953,399
Units sold				44,632		59,233
Units redeemed				(460,779)		(143,792)
Net increase (decrease)				(416,147)		(84,559)
Units outstanding, beginning				807,258		891,817
Units outstanding, ending				391,111		807,258
* Date of Fund Inception into Variable Account: 10 /21 /2016
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	7,070,620
Cost of units redeemed/account charges						(5,651,292)
Net investment income (loss)						677,729
Net realized gain (loss)						165,828
Realized gain distributions						93,510
Net change in unrealized appreciation (depreciation)						52,561
Net assets					$	2,408,956

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	6.16	391	$	2,409	N/A	0.4%
12/31/2020		6.14	807		4,953	N/A	8.7%
12/31/2019		5.64	892		5,034	N/A	9.3%
12/31/2018		5.16	904		4,671	N/A	-0.8%
12/31/2017		5.21	908		4,728	N/A	4.0%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		2.1%
2020		3.0%
2019		3.3%
2018		3.3%
2017		2.9%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Pioneer Equity Income VCT Portfolio I Class - 02-CPF
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	10,836,292	$	12,393,654		564,009
Receivables: investments sold		-
Payables: investments purchased		(1,666)
Net assets	$	10,834,626
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	10,834,626		1,299,945	$	8.33
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	147,357
Net investment income (loss)						147,357
Gain (loss) on investments:
Net realized gain (loss)						(182,783)
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						2,193,696
Net gain (loss)						2,010,913
Increase (decrease) in net assets from operations					$	2,158,270
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	147,357	$	209,586
Net realized gain (loss)				(182,783)		(547,563)
Realized gain distributions				-		304,161
Net change in unrealized appreciation (depreciation)				2,193,696		(31,690)
Increase (decrease) in net assets from operations				2,158,270		(65,506)
Contract owner transactions:
Proceeds from units sold				1,137,395		490,867
Cost of units redeemed				(513,631)		(747,415)
Account charges				(351,842)		(321,242)
Increase (decrease)				271,922		(577,790)
Net increase (decrease)				2,430,192		(643,296)
Net assets, beginning				8,404,434		9,047,730
Net assets, ending			$	10,834,626	$	8,404,434
Units sold				151,222		89,247
Units redeemed				(118,777)		(185,675)
Net increase (decrease)				32,445		(96,428)
Units outstanding, beginning				1,267,500		1,363,928
Units outstanding, ending				1,299,945		1,267,500
* Date of Fund Inception into Variable Account: 10 /21 /2016
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	11,397,259
Cost of units redeemed/account charges						(5,042,539)
Net investment income (loss)						976,369
Net realized gain (loss)						(1,150,326)
Realized gain distributions						6,211,225
Net change in unrealized appreciation (depreciation)						(1,557,362)
Net assets					$	10,834,626

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	8.33	1,300	$	10,835	N/A	25.7%
12/31/2020		6.63	1,268		8,404	N/A	0.0%
12/31/2019		6.63	1,364		9,048	N/A	25.6%
12/31/2018		5.28	1,439		7,604	N/A	-8.6%
12/31/2017		5.78	1,572		9,089	N/A	15.5%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.5%
2020		2.4%
2019		2.8%
2018		2.5%
2017		1.7%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Pioneer Fund VCT Portfolio I Class - 02-596
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	693,658	$	617,949		35,033
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	693,658
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	693,658		32,825	$	21.13
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	2,040
Net investment income (loss)						2,040
Gain (loss) on investments:
Net realized gain (loss)						1,443
Realized gain distributions						49,966
Net change in unrealized appreciation (depreciation)						106,478
Net gain (loss)						157,887
Increase (decrease) in net assets from operations					$	159,927
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	2,040	$	5,082
Net realized gain (loss)				1,443		(29,577)
Realized gain distributions				49,966		56,581
Net change in unrealized appreciation (depreciation)				106,478		118,187
Increase (decrease) in net assets from operations				159,927		150,273
Contract owner transactions:
Proceeds from units sold				16,188		20,157
Cost of units redeemed				(124,533)		(164,110)
Account charges				(26,722)		(29,767)
Increase (decrease)				(135,067)		(173,720)
Net increase (decrease)				24,860		(23,447)
Net assets, beginning				668,798		692,245
Net assets, ending			$	693,658	$	668,798
Units sold				869		1,595
Units redeemed				(8,549)		(13,194)
Net increase (decrease)				(7,680)		(11,599)
Units outstanding, beginning				40,505		52,104
Units outstanding, ending				32,825		40,505
* Date of Fund Inception into Variable Account: 5 /30 /1999
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	13,541,102
Cost of units redeemed/account charges						(15,228,487)
Net investment income (loss)						522,724
Net realized gain (loss)						129,410
Realized gain distributions						1,653,200
Net change in unrealized appreciation (depreciation)						75,709
Net assets					$	693,658

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	21.13	33	$	694	N/A	28.0%
12/31/2020		16.51	41		669	N/A	24.3%
12/31/2019		13.29	52		692	N/A	31.3%
12/31/2018		10.12	56		568	N/A	-1.5%
12/31/2017		10.27	72		736	N/A	21.7%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.3%
2020		0.7%
2019		1.0%
2018		1.1%
2017		1.2%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Royce Capital Small-Cap Portfolio Investor Class - 02-750
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	146,351	$	133,894		15,552
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	146,351
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	146,351		11,445	$	12.79
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,996
Net investment income (loss)						1,996
Gain (loss) on investments:
Net realized gain (loss)						563
Realized gain distributions						-
Net change in unrealized appreciation (depreciation)						17,090
Net gain (loss)						17,653
Increase (decrease) in net assets from operations					$	19,649
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,996	$	451
Net realized gain (loss)				563		(2,430)
Realized gain distributions				-		820
Net change in unrealized appreciation (depreciation)				17,090		(3,109)
Increase (decrease) in net assets from operations				19,649		(4,268)
Contract owner transactions:
Proceeds from units sold				82,685		4,983
Cost of units redeemed				(1,523)		(4,178)
Account charges				(5,048)		(2,979)
Increase (decrease)				76,114		(2,174)
Net increase (decrease)				95,763		(6,442)
Net assets, beginning				50,588		57,030
Net assets, ending			$	146,351	$	50,588
Units sold				6,891		644
Units redeemed				(542)		(882)
Net increase (decrease)				6,349		(238)
Units outstanding, beginning				5,096		5,334
Units outstanding, ending				11,445		5,096
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	263,681
Cost of units redeemed/account charges						(178,951)
Net investment income (loss)						6,551
Net realized gain (loss)						(240)
Realized gain distributions						42,853
Net change in unrealized appreciation (depreciation)						12,457
Net assets					$	146,351

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	12.79	11	$	146	N/A	28.8%
12/31/2020		9.93	5		51	N/A	-7.2%
12/31/2019		10.69	5		57	N/A	18.7%
12/31/2018		9.01	6		54	N/A	-8.3%
12/31/2017		9.83	10		97	N/A	5.4%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		2.0%
2020		0.8%
2019		0.7%
2018		0.6%
2017		1.1%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Timothy Plan Strategic Growth Variable - 02-127
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	162,075	$	129,926		12,250
Receivables: investments sold		-
Payables: investments purchased		(8)
Net assets	$	162,067
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	162,067		13,769	$	11.77
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,925
Net investment income (loss)						1,925
Gain (loss) on investments:
Net realized gain (loss)						20,224
Realized gain distributions						1,980
Net change in unrealized appreciation (depreciation)						2,941
Net gain (loss)						25,145
Increase (decrease) in net assets from operations					$	27,070
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,925	$	1,020
Net realized gain (loss)				20,224		(9,073)
Realized gain distributions				1,980		9,399
Net change in unrealized appreciation (depreciation)				2,941		(6,364)
Increase (decrease) in net assets from operations				27,070		(5,018)
Contract owner transactions:
Proceeds from units sold				51,303		41,119
Cost of units redeemed				(121,954)		(122,863)
Account charges				(8,626)		(8,195)
Increase (decrease)				(79,277)		(89,939)
Net increase (decrease)				(52,207)		(94,957)
Net assets, beginning				214,274		309,231
Net assets, ending			$	162,067	$	214,274
Units sold				4,548		4,551
Units redeemed				(11,261)		(16,341)
Net increase (decrease)				(6,713)		(11,790)
Units outstanding, beginning				20,482		32,272
Units outstanding, ending				13,769		20,482
* Date of Fund Inception into Variable Account: 4 /29 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	1,885,849
Cost of units redeemed/account charges						(1,870,017)
Net investment income (loss)						37,891
Net realized gain (loss)						(29,543)
Realized gain distributions						105,738
Net change in unrealized appreciation (depreciation)						32,149
Net assets					$	162,067

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	11.77	14	$	162	N/A	12.5%
12/31/2020		10.46	20		214	N/A	9.2%
12/31/2019		9.58	32		309	N/A	19.8%
12/31/2018		8.00	32		258	N/A	-11.9%
12/31/2017		9.08	33		298	N/A	12.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.0%
2020		0.4%
2019		0.8%
2018		1.1%
2017		0.3%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Timothy Plan Conservative Growth Variable - 02-126
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	435,856	$	398,191		35,149
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	435,856
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	435,856		39,629	$	11.00
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	4,055
Net investment income (loss)						4,055
Gain (loss) on investments:
Net realized gain (loss)						9,653
Realized gain distributions						3,261
Net change in unrealized appreciation (depreciation)						22,557
Net gain (loss)						35,471
Increase (decrease) in net assets from operations					$	39,526
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	4,055	$	3,397
Net realized gain (loss)				9,653		(1,877)
Realized gain distributions				3,261		17,071
Net change in unrealized appreciation (depreciation)				22,557		18,230
Increase (decrease) in net assets from operations				39,526		36,821
Contract owner transactions:
Proceeds from units sold				8,447		9,783
Cost of units redeemed				(100,532)		(10,364)
Account charges				(13,729)		(12,655)
Increase (decrease)				(105,814)		(13,236)
Net increase (decrease)				(66,288)		23,585
Net assets, beginning				502,144		478,559
Net assets, ending			$	435,856	$	502,144
Units sold				809		1,066
Units redeemed				(10,454)		(2,620)
Net increase (decrease)				(9,645)		(1,554)
Units outstanding, beginning				49,274		50,828
Units outstanding, ending				39,629		49,274
* Date of Fund Inception into Variable Account: 4 /29 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	985,394
Cost of units redeemed/account charges						(807,075)
Net investment income (loss)						87,080
Net realized gain (loss)						(34,910)
Realized gain distributions						167,702
Net change in unrealized appreciation (depreciation)						37,665
Net assets					$	435,856

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	11.00	40	$	436	N/A	7.9%
12/31/2020		10.19	49		502	N/A	8.2%
12/31/2019		9.42	51		479	N/A	15.7%
12/31/2018		8.14	51		418	N/A	-8.8%
12/31/2017		8.92	52		461	N/A	9.3%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.9%
2020		0.7%
2019		1.2%
2018		1.1%
2017		0.6%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Vanguard VIF Total Bond Market Index Portfolio - 02-121
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	9,573,045	$	9,335,419		783,339
Receivables: investments sold		-
Payables: investments purchased		(631)
Net assets	$	9,572,414
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	9,572,414		1,005,977	$	9.52
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	143,746
Net investment income (loss)						143,746
Gain (loss) on investments:
Net realized gain (loss)						29,173
Realized gain distributions						57,642
Net change in unrealized appreciation (depreciation)						(337,983)
Net gain (loss)						(251,168)
Increase (decrease) in net assets from operations					$	(107,422)
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	143,746	$	173,554
Net realized gain (loss)				29,173		38,237
Realized gain distributions				57,642		-
Net change in unrealized appreciation (depreciation)				(337,983)		305,301
Increase (decrease) in net assets from operations				(107,422)		517,092
Contract owner transactions:
Proceeds from units sold				3,301,340		620,979
Cost of units redeemed				(528,438)		(551,935)
Account charges				(314,273)		(294,453)
Increase (decrease)				2,458,629		(225,409)
Net increase (decrease)				2,351,207		291,683
Net assets, beginning				7,221,207		6,929,524
Net assets, ending			$	9,572,414	$	7,221,207
Units sold				349,689		66,252
Units redeemed				(89,567)		(90,387)
Net increase (decrease)				260,122		(24,135)
Units outstanding, beginning				745,855		769,990
Units outstanding, ending				1,005,977		745,855
* Date of Fund Inception into Variable Account: 4 /29 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	21,436,732
Cost of units redeemed/account charges						(13,964,256)
Net investment income (loss)						1,485,015
Net realized gain (loss)						167,526
Realized gain distributions						209,771
Net change in unrealized appreciation (depreciation)						237,626
Net assets					$	9,572,414

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	9.52	1,006	$	9,572	N/A	-1.7%
12/31/2020		9.68	746		7,221	N/A	7.6%
12/31/2019		9.00	770		6,930	N/A	8.7%
12/31/2018		8.28	878		7,272	N/A	-0.1%
12/31/2017		8.29	852		7,065	N/A	3.5%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.7%
2020		2.5%
2019		2.7%
2018		2.2%
2017		2.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Vanguard VIF Diversified Value Portfolio - 02-190
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	128,392	$	105,536		7,357
Receivables: investments sold		-
Payables: investments purchased		-
Net assets	$	128,392
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	128,392		7,514	$	17.09
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,261
Net investment income (loss)						1,261
Gain (loss) on investments:
Net realized gain (loss)						805
Realized gain distributions						1,734
Net change in unrealized appreciation (depreciation)						27,728
Net gain (loss)						30,267
Increase (decrease) in net assets from operations					$	31,528
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,261	$	2,994
Net realized gain (loss)				805		(7,747)
Realized gain distributions				1,734		19,369
Net change in unrealized appreciation (depreciation)				27,728		(3,965)
Increase (decrease) in net assets from operations				31,528		10,651
Contract owner transactions:
Proceeds from units sold				3,715		4,360
Cost of units redeemed				(22,165)		(10,888)
Account charges				(4,880)		(5,354)
Increase (decrease)				(23,330)		(11,882)
Net increase (decrease)				8,198		(1,231)
Net assets, beginning				120,194		121,425
Net assets, ending			$	128,392	$	120,194
Units sold				239		417
Units redeemed				(1,903)		(1,603)
Net increase (decrease)				(1,664)		(1,186)
Units outstanding, beginning				9,178		10,364
Units outstanding, ending				7,514		9,178
* Date of Fund Inception into Variable Account: 5 /1 /2008
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	3,303,588
Cost of units redeemed/account charges						(4,962,438)
Net investment income (loss)						243,584
Net realized gain (loss)						1,339,770
Realized gain distributions						181,032
Net change in unrealized appreciation (depreciation)						22,856
Net assets					$	128,392

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	17.09	8	$	128	N/A	30.5%
12/31/2020		13.10	9		120	N/A	11.8%
12/31/2019		11.72	10		121	N/A	25.7%
12/31/2018		9.32	12		114	N/A	-9.1%
12/31/2017		10.26	13		130	N/A	13.2%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.0%
2020		2.5%
2019		3.1%
2018		2.6%
2017		2.7%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Vanguard VIF Mid-Cap Index Portfolio - 02-118
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	3,703,707	$	2,472,072		125,626
Receivables: investments sold		-
Payables: investments purchased		(245)
Net assets	$	3,703,462
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	3,703,462		127,828	$	28.97
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	51,405
Net investment income (loss)						51,405
Gain (loss) on investments:
Net realized gain (loss)						440,391
Realized gain distributions						306,785
Net change in unrealized appreciation (depreciation)						96,717
Net gain (loss)						843,893
Increase (decrease) in net assets from operations					$	895,298
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	51,405	$	53,193
Net realized gain (loss)				440,391		29,167
Realized gain distributions				306,785		199,166
Net change in unrealized appreciation (depreciation)				96,717		335,688
Increase (decrease) in net assets from operations				895,298		617,214
Contract owner transactions:
Proceeds from units sold				90,112		266,505
Cost of units redeemed				(1,348,797)		(277,422)
Account charges				(146,761)		(151,806)
Increase (decrease)				(1,405,446)		(162,723)
Net increase (decrease)				(510,148)		454,491
Net assets, beginning				4,213,610		3,759,119
Net assets, ending			$	3,703,462	$	4,213,610
Units sold				3,643		13,664
Units redeemed				(56,673)		(23,315)
Net increase (decrease)				(53,030)		(9,651)
Units outstanding, beginning				180,858		190,509
Units outstanding, ending				127,828		180,858
* Date of Fund Inception into Variable Account: 4 /29 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	13,554,859
Cost of units redeemed/account charges						(14,551,931)
Net investment income (loss)						522,420
Net realized gain (loss)						732,631
Realized gain distributions						2,213,848
Net change in unrealized appreciation (depreciation)						1,231,635
Net assets					$	3,703,462

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	28.97	128	$	3,703	N/A	24.4%
12/31/2020		23.30	181		4,214	N/A	18.1%
12/31/2019		19.73	191		3,759	N/A	30.9%
12/31/2018		15.08	214		3,227	N/A	-9.3%
12/31/2017		16.63	194		3,225	N/A	19.1%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		1.3%
2020		1.3%
2019		1.6%
2018		1.2%
2017		1.3%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Vanguard VIF Small Company Growth Portfolio - 02-119
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	445,451	$	256,311		16,808
Receivables: investments sold		-
Payables: investments purchased		(30)
Net assets	$	445,421
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	445,421		14,498	$	30.72
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	1,716
Net investment income (loss)						1,716
Gain (loss) on investments:
Net realized gain (loss)						18,536
Realized gain distributions						21,965
Net change in unrealized appreciation (depreciation)						17,154
Net gain (loss)						57,655
Increase (decrease) in net assets from operations					$	59,371
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	1,716	$	13,227
Net realized gain (loss)				18,536		(293,113)
Realized gain distributions				21,965		191,152
Net change in unrealized appreciation (depreciation)				17,154		46,643
Increase (decrease) in net assets from operations				59,371		(42,091)
Contract owner transactions:
Proceeds from units sold				12,019		78,846
Cost of units redeemed				(33,456)		(1,740,005)
Account charges				(13,445)		(41,916)
Increase (decrease)				(34,882)		(1,703,075)
Net increase (decrease)				24,489		(1,745,166)
Net assets, beginning				420,932		2,166,098
Net assets, ending			$	445,421	$	420,932
Units sold				447		4,319
Units redeemed				(1,598)		(87,869)
Net increase (decrease)				(1,151)		(83,550)
Units outstanding, beginning				15,649		99,199
Units outstanding, ending				14,498		15,649
* Date of Fund Inception into Variable Account: 4 /29 /2005
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	12,250,802
Cost of units redeemed/account charges						(12,990,222)
Net investment income (loss)						65,900
Net realized gain (loss)						(344,324)
Realized gain distributions						1,274,125
Net change in unrealized appreciation (depreciation)						189,140
Net assets					$	445,421

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	30.72	14	$	445	N/A	14.2%
12/31/2020		26.90	16		421	N/A	23.2%
12/31/2019		21.84	99		2,166	N/A	28.1%
12/31/2018		17.04	87		1,479	N/A	-7.3%
12/31/2017		18.38	103		1,886	N/A	23.5%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.4%
2020		1.0%
2019		0.5%
2018		0.5%
2017		0.4%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Alger Small Cap Growth Portfolio I-2 Class - 02-515
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	2,957,996	$	3,216,541		106,084
Receivables: investments sold		-
Payables: investments purchased		(370)
Net assets	$	2,957,626
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	2,957,626		140,976	$	20.98
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						665,209
Realized gain distributions						972,877
Net change in unrealized appreciation (depreciation)						(1,833,143)
Net gain (loss)						(195,057)
Increase (decrease) in net assets from operations					$	(195,057)
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	43,100
Net realized gain (loss)				665,209		95,544
Realized gain distributions				972,877		289,163
Net change in unrealized appreciation (depreciation)				(1,833,143)		1,364,612
Increase (decrease) in net assets from operations				(195,057)		1,792,419
Contract owner transactions:
Proceeds from units sold				121,732		2,015,035
Cost of units redeemed				(2,010,126)		(290,561)
Account charges				(118,167)		(110,299)
Increase (decrease)				(2,006,561)		1,614,175
Net increase (decrease)				(2,201,618)		3,406,594
Net assets, beginning				5,159,244		1,752,650
Net assets, ending			$	2,957,626	$	5,159,244
Units sold				5,658		124,838
Units redeemed				(95,697)		(25,000)
Net increase (decrease)				(90,039)		99,838
Units outstanding, beginning				231,015		131,177
Units outstanding, ending				140,976		231,015
* Date of Fund Inception into Variable Account: 5 /1 /2000
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	15,521,996
Cost of units redeemed/account charges						(17,339,879)
Net investment income (loss)						43,227
Net realized gain (loss)						1,681,450
Realized gain distributions						3,309,377
Net change in unrealized appreciation (depreciation)						(258,545)
Net assets					$	2,957,626

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	20.98	141	$	2,958	N/A	-6.1%
12/31/2020		22.33	231		5,159	N/A	67.2%
12/31/2019		13.36	131		1,753	N/A	29.3%
12/31/2018		10.33	137		1,415	N/A	1.4%
12/31/2017		10.18	152		1,549	N/A	28.7%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		1.2%
2019		0.0%
2018		0.0%
2017		0.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust Alger Large Cap Growth Portfolio I-2 Class - 02-500
Statement of Net Assets
December 31, 2021
		Investments  at Value		Cost of  Investments		Mutual Fund  Shares
Investments	$	9,742,225	$	7,270,684		120,159
Receivables: investments sold		269
Payables: investments purchased		-
Net assets	$	9,742,494
		Net Assets		Units  Outstanding		Accumulation  Unit Value
	$	9,742,494		244,304	$	39.88
Statement of Operations
For the period ended December 31, 2021
Investment Income:
Dividend income					$	-
Net investment income (loss)						-
Gain (loss) on investments:
Net realized gain (loss)						505,804
Realized gain distributions						2,173,048
Net change in unrealized appreciation (depreciation)						(1,587,135)
Net gain (loss)						1,091,717
Increase (decrease) in net assets from operations					$	1,091,717
Statement of Changes in Net Assets
				Period ended  December 31, 2021 *		Period ended  December 31, 2020 *
Increase (decrease) in net assets from operations:
Net investment income (loss)			$	-	$	13,494
Net realized gain (loss)				505,804		340,803
Realized gain distributions				2,173,048		1,206,497
Net change in unrealized appreciation (depreciation)				(1,587,135)		2,400,151
Increase (decrease) in net assets from operations				1,091,717		3,960,945
Contract owner transactions:
Proceeds from units sold				311,087		220,200
Cost of units redeemed				(795,704)		(776,953)
Account charges				(303,297)		(276,824)
Increase (decrease)				(787,914)		(833,577)
Net increase (decrease)				303,803		3,127,368
Net assets, beginning				9,438,691		6,311,323
Net assets, ending			$	9,742,494	$	9,438,691
Units sold				8,320		8,682
Units redeemed				(28,729)		(39,617)
Net increase (decrease)				(20,409)		(30,935)
Units outstanding, beginning				264,713		295,648
Units outstanding, ending				244,304		264,713
* Date of Fund Inception into Variable Account: 4 /30 /1998
Accumulation unit value on date of inception: $5 .00
Cumulative Net Assets
December 31, 2021
Proceeds from units sold					$	26,944,253
Cost of units redeemed/account charges						(28,118,864)
Net investment income (loss)						1,873,424
Net realized gain (loss)						21,272
Realized gain distributions						6,550,868
Net change in unrealized appreciation (depreciation)						2,471,541
Net assets					$	9,742,494

Financial Highlights
A summary of accumulation unit values, units outstanding, net assets, expense ratios (excluding expenses of the underlying mutual funds and account charges), and the total return for each of the five years for the period ending December 31 or from the date of fund inception are presented below. The total returns presented are based on the change in accumulation unit values extended to six decimal places net of mortality and expense charges. The Variable Account uses these accumulation unit values for processing participant transactions. See Note 2 for additional information.
		Accumulation Unit Value	Units Outstanding (000s)		Net Assets (000s)	Expense as a % of Average Net Assets	Total Return
12/31/2021	$	39.88	244	$	9,742	N/A	11.8%
12/31/2020		35.66	265		9,439	N/A	67.0%
12/31/2019		21.35	296		6,311	N/A	27.4%
12/31/2018		16.75	313		5,248	N/A	2.2%
12/31/2017		16.39	360		5,899	N/A	28.5%
The following investment income ratio represents the ratio of gross income (i.e., dividend income) to average net assets expressed as a percent. The information pertains to the past five years or from the date of fund inception.
2021		0.0%
2020		0.2%
2019		0.0%
2018		0.0%
2017		0.0%
The accompanying notes are an integral part of the financial statements.

AUL American Individual Variable Life Unit Trust

NOTES TO FINANCIAL STATEMENTS

1.  Organization

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

Fund Families
AB	Fidelity	Pioneer
Alger	Franklin Templeton	Royce Capital
American Century	Goldman Sachs	T. Rowe Price
BNY Mellon	Invesco	Timothy Plan
Calvert	Janus	Vanguard
Columbia	Neuberger Berman

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

2.  Summary of Significant Accounting Policies

This annual report includes information related to investment subaccounts which are available for investment as of December 31, 2021. This includes subaccounts for which there have been no investing transactions or income and expense transactions commenced during 2021.

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

The Report of Independent Registered Public Accounting Firm covers the accompanying statements of net assets of each of the subaccounts as of December 31 2021, and the related statements of operations and of changes in net assets for each of the periods, including the related notes (collectively referred to as the “financial statements”).  The Report of Independent Auditors includes the subaccounts and periods that are audited.

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

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

Units Outstanding and Accumulation Unit Value

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

Fair Value Measurements

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

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

Level 1 –  Unadjusted quoted prices in active markets for identical assets.

Level 2 –  Observable inputs, other than quoted prices in Level 1, that are observable for the asset, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3 –  Unobservable inputs for the asset, to the extent relevant observable inputs are not available, representing the Variable Account’s own assumptions about the assumptions a market participant would use in valuing the asset, and would be based on the best information available.

AUL American Individual Variable Life Unit Trust

NOTES TO FINANCIAL STATEMENTS  (continued)

2.  Summary of Significant Accounting Policies (continued)

The following is a summary of the inputs used as of December 31, 2021, in valuing the Variable Account’s subaccount investments carried at fair value:

	Level 1		Level 2		Level 3		Total
Mutual Funds	$	160,567,116	$	-	$	-	$	160,567,116

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

For the year ended December 31, 2021, the Variable Account did not change its valuation methodology and did not use significant unobservable inputs (Level 3) in determining the value of investments.

Taxes

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

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

Estimates

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

Reporting Periods

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

3.  Account Charges

With respect to variable life insurance policies funded by the Variable Account, total account charges during the years ended December 31, 2021 and 2020, were $5,472,085 and $5,350,210, respectively. The account charges, including mortality and expense charges, are recorded as redemptions of units in the accompanying Statement of Changes in Net Assets. Account charge deductions by policy are described as follows:

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

AUL American Individual Variable Life Unit Trust

NOTES TO FINANCIAL STATEMENTS  (continued)

3.  Account Charges (continued)

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

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

4.  Investment Transactions

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2021, by each subaccount, are shown below:

Fund Name	Purchases		Sales
AB VPS International Growth Portfolio A Class - 02-376	$	306	$	651
AB VPS International Value Portfolio A Class - 02-377	4,507		15,608
AB VPS Small Mid Cap Value Portfolio A Class - 02-378	107,254		5,160
Alger Large Cap Growth Portfolio I-2 Class - 02-500	311,087		1,099,001
Alger Small Cap Growth Portfolio I-2 Class - 02-515	121,732		2,128,293
American Century VP Capital Appreciation Fund I Class - 02-410	7,229		7,581
American Century VP Income & Growth Fund I Class - 02-425	198,915		1,340,924
American Century VP International Fund I Class - 02-420	491,763		1,100,249
American Century VP Mid Cap Value Fund II Class - 02-397	4,752		3,461
American Century VP Ultra Fund I Class - 02-122	6,346		108,489
BNY Mellon Investment Portfolios, Small Cap Stock Index Port Ser Class - 02-646	89,782		4,269
BNY Mellon Investment Portfolios, Technology Growth Port Service Class - 02-650	95,624		101,976
BNY Mellon Variable Investment Fund, Appreciation Portfolio Service Cl - 02-645	1,767		1,621
Calvert VP SRI Mid Cap Growth Portfolio - 02-520	4,129		11,764
Columbia Variable Portfolio-Small Cap Value Fund 1 Class - 02-382	120,553		5,767
Columbia Variable Portfolio-US Government Mortgage Fund 1 Class - 02-384	5,285		373
Fidelity VIP Asset Manager Portfolio Initial Class - 02-230	729,109		246,033
Fidelity VIP Contrafund Portfolio Initial Class - 02-245	323,832		1,394,158
Fidelity VIP Equity-Income Portfolio Initial Class - 02-205	78,403		468,583
Fidelity VIP Freedom 2005 Portfolio Initial Class - 02-163	752		3,016
Fidelity VIP Freedom 2010 Portfolio Initial Class - 02-162	1		259
Fidelity VIP Freedom 2015 Portfolio Initial Class - 02-161	571		12,369
Fidelity VIP Freedom 2020 Portfolio Initial Class - 02-159	8,080		9,232
Fidelity VIP Freedom 2025 Portfolio Initial Class - 02-158	2,423		6,453
Fidelity VIP Freedom 2030 Portfolio Initial Class - 02-157	6,420		7,860
Fidelity VIP Freedom Income Portfolio Initial Class - 02-164	74		205
Fidelity VIP Government Money Market Portfolio Initial Class - 02-250	34,212		159,790
Fidelity VIP Growth Portfolio Initial Class - 02-210	220,290		1,059,141
Fidelity VIP High Income Portfolio Initial Class - 02-215	472,608		261,030
Fidelity VIP Index 500 Portfolio Initial Class - 02-225	417,749		953,204
Fidelity VIP Mid Cap Portfolio Service 2 Class - 02-941	7,661		3,799
Fidelity VIP Overseas Portfolio Initial Class - 02-220	158,564		211,726
Franklin Allocation VIP Fund 1 Class - 02-908	2,824		6,710
Franklin Small Cap Value VIP Fund 1 Class - 02-906	1,758,699		276,987
Goldman Sachs VIT Government Money Market Fund Service Class - 02-CGK	2,613,830		3,315,888
Invesco V.I. Core Equity Fund Series II Class - 02-826	-		70
Invesco V.I. Diversified Dividend Fund Series I Class - 02-861	6,633		13,900
Invesco V.I. Global Real Estate Fund Series I Class - 02-825	52,031		2,962,941
Invesco V.I. Health Care Fund Series I Class - 02-815	44,448		156,912
Invesco V.I. High Yield Fund Series I Class - 02-830	4,965		6,901
Invesco V.I. International Growth Fund Series II Class - 02-827	4,649		2,439
Janus Henderson Balanced Portfolio Service Class - 02-611	200,779		603,736
Janus Henderson Flexible Bond Portfolio Institutional Class - 02-607	1,527,019		380,714
Janus Henderson Forty Portfolio Institutional Class - 02-602	44,890		105,155
Janus Henderson Global Research Portfolio Institutional Class - 02-606	146,171		475,434
Janus Henderson Mid Cap Value Portfolio Service Class - 02-259	1,361		899
Janus Henderson Overseas Portfolio Service Class - 02-609	19,512		710

AUL American Individual Variable Life Unit Trust

NOTES TO FINANCIAL STATEMENTS (continued)

4.  Investment Transactions (continued)

Fund Name	Purchases		Sales
Neuberger Berman AMT Mid Cap Growth Portfolio Service Class - 02-866	$	4,832	$	48,635
Neuberger Berman Mid Cap Intrinsic Value Portfolio I Class - 02-870	28,372		55,205
Neuberger Berman Short Duration Bond Portfolio I Class - 02-875	6,437		22,085
Pioneer Bond VCT Portfolio I Class - 02-CPG	268,079		2,809,462
Pioneer Equity Income VCT Portfolio I Class - 02-CPF	1,137,395		865,473
Pioneer Equity Income VCT Portfolio II Class - 02-598	26,399		31,205
Pioneer Fund VCT Portfolio I Class - 02-596	16,188		151,255
Pioneer Select Mid Cap Growth VCT Portfolio I Class - 02-597	62,148		226,467
Royce Capital Small-Cap Portfolio Investor Class - 02-750	82,685		6,571
T. Rowe Price Blue Chip Growth Portfolio - 02-124	1,961,997		827,485
T. Rowe Price Equity Income Portfolio - 02-580	242,252		712,788
T. Rowe Price Limited-Term Bond Portfolio - 02-585	50,778		178,162
T. Rowe Price Mid-Cap Growth Portfolio - 02-586	68,376		317,888
Templeton Foreign VIP Fund 2 Class - 02-909	2,396		2,176
Templeton Global Bond VIP Fund 1 Class - 02-907	6,794		17,553
Timothy Plan Conservative Growth Variable - 02-126	8,447		114,261
Timothy Plan Strategic Growth Variable - 02-127	51,303		130,580
Vanguard VIF Diversified Value Portfolio - 02-190	3,715		27,045
Vanguard VIF Mid-Cap Index Portfolio - 02-118	90,112		1,495,558
Vanguard VIF Small Company Growth Portfolio - 02-119	12,019		46,901
Vanguard VIF Total Bond Market Index Portfolio - 02-121	3,301,340		842,711
Total	$	17,891,655	$	27,970,907

5.  Indemnifications

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

6. Subsequent Events

Management has evaluated the impact of all subsequent events through April 22, 2022, the date the financials were available to be issued, and has determined that there were no other subsequent events requiring recognition or disclosure in the financial statements.

American United Life Insurance Company

(A wholly-owned subsidiary of OneAmerica Financial

Partners, Inc.)

Report of Independent Auditors on

Statutory Financial Statements and Supplemental Schedules

December 31, 2021 and 2020

Report of Independent Auditors

To the Board of Directors of American United Life Insurance Company

Opinions

We have audited the accompanying statutory financial statements of American United Life Insurance Company, which comprise the statutory statements of admitted assets, liabilities and surplus as of December 31, 2021 and 2020 and the related statutory statements of operations, of changes in surplus, and of cash flows for the years then ended including the related notes (collectively referred to as the “financial statements”).

Unmodified Opinion on Statutory Basis of Accounting

In our opinion, the accompanying financial statements present fairly, in all material respects, the admitted assets, liabilities and capital and surplus of the Company as of December 31, 2021 and 2020, and the results of its operations and its cash flows for the years then ended, in accordance with the accounting practices prescribed or permitted by the Indiana Department of Insurance described in Note 2.

Basis for Opinions

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting practices prescribed or permitted by the Indiana Department of Insurance. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year after the date the financial statements are available to be issued.

Auditors’ Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with US GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud

PricewaterhouseCoopersLLP, 101 W. Washington Street, Suite 1300, Indianapolis, IN 46204

T:(317) 222 2202, F: (317) 940 7660, www.pwc.com/us

may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with US GAAS, we:

·Exercise professional judgment and maintain professional skepticism throughout the audit.

·Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

·Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Accordingly, no such opinion is expressed.

·Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

·Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Supplemental Information

Our audit was conducted for the purpose of forming an opinion on the statutory-basis financial statements taken as a whole. The supplemental schedule of assets and liabilities, summary investment schedule, schedule of investment risk interrogatories, and schedule of reinsurance disclosures (collectively, referred to as the “supplemental schedules”) of the Company as of December 31, 2021 and for the year then ended are presented to comply with the National Association of Insurance Commissioners’ Annual Statement Instructions and Accounting Practices and Procedures Manual and for purposes of additional analysis and are not a required part of the statutory-basis financial statements. The supplemental schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the statutory-basis financial statements. The supplemental schedules have been subjected to the auditing procedures applied in the audit of the statutory-basis financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the statutory-basis financial statements or to the statutory-basis financial statements themselves and other additional procedures, in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplemental schedules are fairly stated, in all material respects, in relation to the statutory-basis financial statements taken as a whole.

Indianapolis, IN

April 6, 2022

2

American United Life Insurance Company

Statutory Statements of Admitted Assets, Liabilities and Surplus

December 31, 2021 and 2020

(In thousands)

	2021		2020
Admitted assets
Bonds, at amortized cost (market value of $13,712,472 and $13,491,379)	$	12,811,094	$	12,168,892
Stocks
Preferred, at cost (market value of $2,130 and $2,220)		2,000		2,000
Common
Affiliated (cost of $967 and $964)		3,073		5,075
Unaffiliated (cost of $75,286 and $82,738)		76,370		83,784
Mortgage loans		2,479,820		2,408,067
Real estate		89,838		89,281
Other invested assets		370,888		260,778
Securities lending reinvested collateral		610,406		657,363
Derivatives		63,620		100,790
Contract loans		489,729		441,012
Cash and cash equivalents (market value of $72,329 and $200,906)		72,329		200,906
Total cash and invested assets		17,069,167		16,417,948
Other
Premiums deferred and uncollected		88,469		87,673
Reinsurance receivables		37,082		26,416
Investment income due and accrued		122,377		109,975
Federal income tax recoverable		12,462		7,688
Net deferred tax asset		87,666		69,474
Corporate owned life insurance		496,481		389,549
Other assets		24,382		48,655
Separate account assets		21,110,020		18,670,021
Total admitted assets	$	39,048,106	$	35,827,399

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

3

American United Life Insurance Company

Statutory Statements of Admitted Assets, Liabilities and Surplus, continued

December 31, 2021 and 2020

(In thousands, except share amounts)

	2021			2020
Liabilities and surplus
Policy reserves
Life reserves	$	2,952,686		$	2,434,946
Annuity reserves		10,360,846			9,887,564
Accident and health reserves		243,518			221,154
Other reserves		74,894			83,514
		13,631,944			12,627,178
Policy and contract liabilities
Policy claims in process of settlement		84,012			75,892
Policy dividends payable		24,246			28,652
Deposit-type contracts		1,599,315			1,875,097
Other policy and contract liabilities		14,201			2,415
		1,721,774			1,982,056
General liabilities and other reserves
Accrued commissions and general expenses		163,150			161,018
Taxes, licenses and fees		6,198			6,536
Transfers from separate accounts, due or accrued		(5,930	)		(3,959	)
Asset valuation reserve		178,425			135,464
Interest maintenance reserve		47,099			4,062
Pension liability		12,803			16,785
Payable for securities lending		610,406			657,363
Derivatives		47,217			74,355
Other liabilities		153,989			173,454
Separate account liabilities		21,110,020			18,670,021
		22,323,377			19,895,099
Total liabilities		37,677,095			34,504,333
Common capital stock, $100 par value, authorized 50,000 shares;
issued and outstanding 50,000 shares		5,000			5,000
Surplus notes		75,000			75,000
Gross paid in and contributed surplus		369,250			369,250
Unassigned surplus (includes deferred gain on reinsurance transaction of
$4,491 and $9,145 in 2021 and 2020, respectively)		921,761			873,816
Total surplus		1,371,011			1,323,066
Total liabilities and surplus	$	39,048,106		$	35,827,399

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

4

American United Life Insurance Company

Statutory Statements of Operations

Years Ended December 31, 2021 and 2020

(In thousands)

	2021			2020
Premium and other income
Life and annuities	$	4,840,961		$	4,457,659
Accident and health		166,064			180,845
Net investment income		619,631			581,555
Amortization of interest maintenance reserve		3,610			1,638
Ceding commissions, expense allowances and reserve adjustments		52,790			43,524
Transfer of reserves under coinsurance assumed agreement		412,050			-
Ceding commission received under coinsurance assumed agreement		31,427			-
Other income		268,860			154,397
		6,395,393			5,419,617
Benefits and expenses
Death benefits		229,495			169,774
Accident and health and disability benefits		105,318			100,643
Annuity benefits		179,625			156,941
Surrender benefits and other fund withdrawals		4,448,602			3,654,907
Other benefits		94,941			54,107
Increase in policy reserves		1,016,048			1,095,274
Separate account transfers		(332,395	)		(363,946	)
General expenses		330,897			313,999
Commissions and service fees		192,918			183,948
Taxes, licenses and fees		30,296			28,322
Deferred gain under coinsurance assumed agreement		24,827			-
Other		(1,190	)		(322	)
		6,319,382			5,393,645
Net gain from operations before dividends to policyholders,
federal income taxes, and net realized capital gains (losses)		76,011			25,972
Dividends to policyholders		25,821			29,569
Federal income tax expense (benefit)		10,794			(5,913	)
Net gain from operations before net realized
capital gains		39,396			2,316
Net realized capital gains (losses), net of federal income tax expense of ($2,322)
and $1,551, and net transfers of capital gains (losses) to the interest maintenance
reserve of $485 and $4,650, in 2021 and 2020, respectively		(575	)		3,765
Net income	$	38,821		$	6,081

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

5

American United Life Insurance Company

Statutory Statements of Changes in Surplus

Years Ended December 31, 2021 and 2020

(In thousands)

	2021			2020
Surplus, beginning of year		1,323,066			1,024,696
Net income		38,821			6,081
Change in unrealized gain		30,924			5,128
Change in net deferred income tax		18,441			16,254
Change in net unrealized gain (loss) on foreign exchange		2,172			(3,928	)
Change in asset valuation reserve		(42,961	)		(19,363	)
Change in nonadmitted assets		(26,769	)		(32,317	)
Change in surplus as a result of reinsurance		17,488			(4,864	)
Cumulative effect of changes in accounting principles		-			(2,951	)
Surplus adjustment paid in		-			338,700
Change in pension liability		4,236			(4,409	)
Dividends to shareholders		(6,000	)		-
Prior period reserve adjustment		7,630			-
Prior period tax expense adjustment		3,963			-
Other		-			39
Surplus, end of year		1,371,011			1,323,066

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

6

American United Life Insurance Company

Statutory Statements of Cash Flow

Years Ended December 31, 2021 and 2020

(In thousands)

	2021			2020
Cash from operations
Premiums and other policy considerations	$	5,007,769		$	4,632,545
Investment income		626,575			586,962
Other income		265,879			193,997
		5,900,223			5,413,504
Benefits and Separate Account transfers		4,717,761			3,757,652
Commissions and general expenses		529,223			527,345
Federal income taxes including ($1,837) and $1,551 for 2021
and 2020 on capital gains (losses)		11,615			(634	)
Dividends to policyholders		30,489			29,496
		5,289,088			4,313,859
Net cash provided from operations		611,135			1,099,645
Cash from investments
Proceeds from investments sold, redeemed or matured
Bonds		2,471,559			1,121,056
Stocks		7,452			-
Mortgage loans		275,713			303,131
Miscellaneous proceeds		143,128			123,805
		2,897,852			1,547,992
Cost of investments acquired
Bonds		2,636,150			2,637,001
Stocks		-			4,548
Mortgage loans		347,434			321,408
Real estate		7,034			283
Other invested assets		202,840			512,953
		3,193,458			3,476,193
Increase in contract loans		28,139			32,914
Net cash used from investments		(323,745	)		(1,961,115	)
Cash from financing and miscellaneous sources
Paid in surplus		-			338,700
Net deposits on deposit-type contracts		(287,101	)		192,190
Dividends to shareholders		(6,000	)		-
Other (uses) sources		(122,866	)		360,990
Net cash provided (used) from financing and miscellaneous sources		(415,967	)		891,880
Net change in cash		(128,577	)		30,410
Cash and cash equivalents, beginning of year		200,906			170,496
Cash and cash equivalents, end of year	$	72,329		$	200,906
Supplemental disclosures for non-cash transactions:
Transfers of invested assets under coinsurance assumed agreement		492,199			-
Contribution to subsidiary		3,000			2,500
Capitalized interest		2,232			2,717

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

7

American United Life Insurance Company

Notes to Statutory Financial Statements

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

1. Nature of Operations

American United Life Insurance Company (“AUL” or the “Company”) is an Indiana-domiciled stock life insurance company founded in 1877 with headquarters in Indianapolis. It is currently licensed to sell life insurance in 49 states and the District of Columbia. AUL is additionally authorized as a reinsurer in all states. AUL offers individual life and annuity products, group retirement plans, tax deferred annuities and other non-medical group products marketed through a diversified distribution system including career agents, independent producers, financial institutions, broker dealers and third-party administrators. Forty-three percent of AUL’s direct premiums for the year ended December 31, 2021 were generated in six states: Indiana, California, Texas, Missouri, Pennsylvania, and Louisiana.

On December 17, 2000, AUL reorganized and formed a mutual insurance holding company, American United Mutual Insurance Holding Co. (“AUMIHC”), and an intermediate stock holding company, OneAmerica Financial Partners, Inc. (“OneAmerica”). As part of the reorganization, AUL converted from a mutual to a stock insurance company.

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

2. Significant Accounting Policies

Basis of Presentation

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

Certain prior year amounts have been revised to conform to current period presentation. These changes have no impact on previously reported consolidated balance sheets or statements of operations, changes in surplus, or cash flows. Refer to Note 17 – Fair Value of Financial Instruments.

In 2018, the Insurance Commissioner of Indiana provided the Company approval for a permitted practice regarding the calculation of the reserve credit related to a reinsurance transaction. This permitted practice allows the company to calculate the reserve credit for Pension Risk Transfer longevity risk treaties using a net premium reserve approach similar to that used for life insurance products. This practice differs from NAIC statutory accounting practices and procedures. A reconciliation of the Company’s net income and surplus for 2021 and 2020 between NAIC SAP and practices permitted by the State of Indiana follows:

	SSAP #	2021			2020
Audited statutory net income, Indiana state basis		$	38,821		$	6,081
State permitted practice
Difference in the accounting and reporting for reinsurance reserves credits	61R		(4,092	)		2,268
Statutory net income (loss), NAIC SAP		$	42,913		$	3,813
Audited statutory surplus, Indiana state basis		$	1,371,011		$	1,323,066
State permitted practice
Difference in the accounting and reporting for reinsurance reserves credits	61R		-			4,092
Statutory surplus, NAIC SAP		$	1,371,011		$	1,318,974

8

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

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

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

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

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

· Certain assets designated as “non-admitted assets” are excluded from the statutory statement of assets, liabilities and surplus by a direct charge to unassigned surplus.

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

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

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

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

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

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

9

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

Accounting Changes and Correction of Error

In 2021, the Company corrected an error related to an assumption used in certain Individual Variable Annuity reserve calculations. As a result of this error, prior year surplus and current federal income tax were understated by $7.6 million and $1.8 million, respectively, and reserves were overstated $9.4 million as of December 31, 2020. The error was corrected as a direct increase in surplus of $7.6 million, net of the current tax impact.

In 2021, the Company completed a detailed analysis of its current and deferred tax accounts. The Company determined that the current tax recoverable was understated by $4.0 million as a result of the incorrect settlement of prior period taxes with affiliated entities. The gross deferred tax asset was overstated by $4.9 million but since the majority of this asset was non-admitted there was no net impact on surplus. These errors were corrected by a direct increase to surplus of $4.0 million in 2021.

During 2020, the Company implemented the VM-21 change in valuation basis for principle-based reserves for variable annuities. This required reserve methodology change is treated as a change in accounting principle under SSAP 3. This change resulted in additional reserves of $3.7 million and resulted in a cumulative adjustment that decreased surplus by $3.0 million net of the current tax impact of $0.7 million.

Investments

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

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

For loan-backed securities purchased prior to January 1, 1994, the book value as of that date is used as the cost basis for applying the retrospective adjustment method. Beginning January 1, 1994, the Company applies the retrospective adjustment method to the original cost. Prepayment assumptions for mortgage-backed securities are obtained from BlackRock prepayment models. The Company uses a third-party in determining the market value of its loan-backed securities. The Company had no negative yield situations requiring a change from the retrospective to the prospective methodology.

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

10

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

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

Other invested assets, including surplus notes and certain other holdings, are carried at amortized cost. The Company’s ownership in joint ventures, partnerships and limited liability companies are carried at the underlying GAAP equity of the investee.

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

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

The Company is the owner and beneficiary of life insurance policies included in the corporate owned life insurance at their cash surrender values. At December 31, 2021, the cash surrender value in an investment vehicle is $496.5 million and is allocated into the following categories based on primary underlying investment characteristics: 11% bonds, 19% stocks, 2% mortgage loans, 3% cash and short-term investments, and 65% other invested assets.

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

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

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

11

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Property and Equipment

Property and equipment is carried at cost, net of accumulated depreciation of $174.4 million and $154.9 million as of December 31, 2021 and 2020, respectively. The Company provides for depreciation of property and equipment using the straight-line method over its estimated useful life and is generally depreciated over three to ten years. Depreciation expense for 2021 and 2020 was $20.4 million and $16.6 million, respectively.

Separate Accounts

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

Premiums Deferred and Uncollected

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

Policy Reserves

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

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

Premium Income and Related Benefits and Expenses

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

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

Investment Income

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

12

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Leasing Arrangements

The Company leases office space and equipment under various non-cancelable operating leases. Rent expense was $2.2 million and $2.9 million for the years ended December 31, 2021 and 2020, respectively. Future lease commitments are as follows: 2022, $1.0 million; 2023, $0.8 million; 2024, $0.6 million; 2025, $0.6 million; 2026, $0.6 million.

Federal Income Taxes

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

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

Tax contingencies are recognized, measured, presented and disclosed in the financial statements in accordance with SSAP No. 5R, Liabilities, Contingencies and Impairments of Assets. Interest and penalties, if any, related to tax contingencies are recognized as a component of the income tax expense. The liability resulting from tax contingencies was $0 and $1.3 million as of December 31, 2021 and 2020, respectively. Refer to Note 10 – Federal Income Taxes for additional detail.

Reinsurance Receivables

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

Derivatives

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

13

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Authoritative guidance for derivative instruments and hedging activities requires all asset or liability derivatives to be carried at fair value when they are not utilized in a qualified effective hedging relationship. Changes within fair value are included in the Statutory Statements of Operations and Changes in Surplus. At the time the contracts expire or are terminated, any difference between the cash received, and the cost is recognized as a realized capital gain or loss. The Company does not offset the fair value amounts recognized for derivatives executed with the same counterparty under the same master netting agreement. The cash collateral is included in Cash and cash equivalents and the obligation to return it is included in Other liabilities. Refer to Note 4-Investments for additional information.

Estimates

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

3.   Affiliations, Acquisitions, Dispositions and Other Significant Transactions

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

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

The Company guarantees the insurance liabilities of State Life and PML in the event either company becomes unable to honor such insurance liabilities. As of December 31, 2021, AUL has not recorded any liabilities relating to this guarantee. At December 31, 2021, statutory surplus was $581.6 million and $52.4 million for State Life and PML, respectively.

AUL provides administrative and management services to State Life and PML under administrative agreements. Fees earned during 2021 and 2020 for such services were $73.2 million and $47.5 million, respectively.

14

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

In July 2002, the Company’s Reinsurance operations, including its life, long-term care, and international reinsurance business were sold to Employers Reinsurance Corporation (ERC), a subsidiary of General Electric Company (GE), through 100% indemnity reinsurance transactions. ERC was subsequently sold by GE. ERC’s retrocessions were all novated to Employers Reassurance Corporation (ERAC), another subsidiary of GE. The liabilities and obligations associated with the reinsured contracts remain on the consolidated balance sheet of the company with a corresponding reinsurance receivable from ERAC. A trust account has been established which provides for securities to be held in support of a portion of the reinsurance receivables. The fair value of investments held in this trust was $2,213.9 million and $2,217.5 million at December 31, 2021 and December 31, 2020, respectively. Additionally, GE has a capital maintenance agreement with ERAC to maintain ERAC’s capital over time at no less than 300% of the Authorized Control Level of the NAIC. Effective for year-end 2017, GE announced a statutory reserve strengthening in ERAC which ultimately may trigger the need for GE to honor the capital maintenance agreement. However, instead of making an immediate contribution, ERAC received a permitted practice from the Kansas Insurance Department to gradually fund the reserve strengthening over a period of seven years. As of the balance sheet date, ERAC has made four of the seven contributions agreed to in the permitted practice, and a fifth payment is expected by the end of April 2022. There also is a claims payment guarantee from Westport Life Insurance Company (formerly ERC) with respect to the business AUL ceded to ERAC as well as other business reinsured by Westport Life while it was owned by GE Capital. The potential aggregate amount of liabilities, under the guarantee, of Westport Life is higher than its capital and surplus.

As a result of the ERAC transaction, a deferred gain was recorded on the Company’s consolidated balance sheet in accordance with the authoritative guidance for reporting for reinsurance of short-duration and long-duration contracts. The gain is being amortized into earnings at the rate that the premiums are recorded. The Company recognized $4.6 million and $4.9 million of the deferred gain amortization in 2021 and 2020, respectively. The deferred gain balance was $4.5 million and $9.1 million at December 31, 2021 and 2020, respectively.

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

The Company earned fees of $0.9 million and 2.0 million in 2021 and 2020, respectively, from OAS. OAS provided certain administrative services to AUL for fees of $1.1 million in both 2021 and 2020. The Company made no capital contributions to OAS in 2021 or 2020. During 2021 and 2020, OAS paid a dividend of $6.0 million and $1.5 million, respectively, to AUL.

The Company earned fees of $1.1 million and $4.4 million in 2021 and 2020, respectively, from McCready & Keane Inc. management services agreement.

The Company earned fees of $0.4 million in both 2021 and 2020 from RMS. The Company made noncash capital contributions to RMS of $3.0 million and $2.5 million in 2021 and 2020, respectively. During 2021 and 2020, the Company recognized a realized impairment loss of $3.0 million and $1.6 million, respectively, on its investment in RMS.

During 2021 and 2020, the Company provided administrative and management services to an affiliate, OneAmerica Retirement Services, (OARS) of $23.6 million and $20.2 million, respectively.

15

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

OneAmerica Asset Management (OAM), LLC, is the registered investment advisor for the Company. The Company provides administrative and management services to OAM and the fees earned for these services were $12.8 million and $10.4 million in 2021 and 2020, respectively. OAM also provides investment management services to AUL and fees for this service were $14.3 million and $12.6 million in 2021 and 2020, respectively.

In September 2020, OneAmerica issued $400 million 4.25% senior notes due in 2050. The proceeds are intended to be used for general corporate purposes, including deploying the majority of the net

proceeds to AUL.

Intercompany services are settled monthly.

4.   Investments

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

							Estimated
	Admitted		Unrealized				Fair
2021	Value		Gains		Losses		Value
U.S. government bonds	$	630,588	$	38,686	$	2,190	$	667,084
All other government bonds		143,258		2,418		4,042		141,634
Special revenue and special assessment		496,384		45,134		992		540,526
Hybrid bonds		51,519		4,656		1,005		55,170
Industrial and miscellaneous		11,434,374		881,105		62,484		12,252,995
SVO identified funds		54,971		261		169		55,063
	$	12,811,094	$	972,260	$	70,882	$	13,712,472

							Estimated
	Admitted		Unrealized				Fair
2020	Value		Gains		Losses		Value
U.S. government bonds	$	1,117,488	$	78,309	$	9,518	$	1,186,279
All other government bonds		91,600		3,588		337		94,851
Special revenue and special assessment		552,575		71,783		-		624,358
Hybrid bonds		49,559		3,549		3,158		49,950
Industrial and miscellaneous		10,310,932		1,220,282		43,862		11,487,352
SVO identified funds		46,738		1,851		-		48,589
	$	12,168,892	$	1,379,362	$	56,875	$	13,491,379

16

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	Less than				12 Months
	12 Months				or More				Total
2021	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
U.S. government bonds	$	79,175	$	1,440	$	6,625	$	750	$	85,800	$	2,190
All other government bonds		54,717		1,391		35,782		2,651		90,499		4,042
Special revenue and assessment		65,403		992		-		-		65,403		992
Hybrid bonds		423		22		22,330		983		22,753		1,005
Industrial and miscellaneous		1,964,258		28,830		808,647		33,654		2,772,905		62,484
SVO identified funds		18,620		169		-		-		18,620		169
	$	2,182,596	$	32,844	$	873,384	$	38,038	$	3,055,980	$	70,882

	Less than				12 Months
	12 Months				or More				Total
2020	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
U.S. government bonds	$	337,889	$	9,335	$	1,581	$	183	$	339,470	$	9,518
All other government bonds		22,586		337		-		-		22,586		337
Hybrid bonds		11,895		458		17,749		2,700		29,644		3,158
Industrial and miscellaneous		918,595		28,056		737,507		15,806		1,656,102		43,862
	$	1,290,965	$	38,186	$	756,837	$	18,689	$	2,047,802	$	56,875

In evaluating whether a decline in value is other-than-temporary, management considers several factors including, but not limited to; 1) the Company’s ability and intent to retain the security for a sufficient amount of time to recover, 2) the extent and duration of the decline in value, 3) the probability of collecting all cash flows according to contractual terms in effect at acquisition or restructuring, 4) relevant industry conditions and trends, and 5) the financial condition and current and future business prospects of the issuer. The Company reported no bond impairments related to other-than-temporary declines in fair value in 2021 or 2020.

17

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

The admitted value and estimated fair value of bonds at December 31, 2021, by stated contractual maturity, are shown below. Because most mortgage-backed securities provide for periodic payments throughout their lives, they are listed below in a separate category.

			Estimated
	Admitted		Fair
	Value		Value
Due in one year or less	$	260,579	$	264,343
Due after one year through five years		1,922,959		2,052,463
Due after five years through ten years		2,670,659		2,809,474
Due after ten years		5,018,409		5,581,732
		9,872,606		10,708,012
Mortgage-backed securities		2,938,488		3,004,460
	$	12,811,094	$	13,712,472

Proceeds from sales of investments in bonds during 2021 and 2020 were $900.2 million and $280.8 million, respectively. Gross gains of $26.1 million and $5.0 million and gross losses of $26.4 million and $0.8 million were realized on those disposals in 2021 and 2020, respectively.

Securities sold, redeemed, liquidated or otherwise disposed as a result of a callable feature included 158 CUSIPS with a total of $11.3 million of investment income generated.

Loan-backed securities owned at December 31, 2021 with a fair value lower than amortized cost for which an other-than-temporary impairment has not been recognized in earnings as a realized loss are summarized below by length of time the securities have been in a continuous unrealized loss position.

The aggregate amount of unrealized losses:
	Less than 12 Months	$	7,157
	12 Months or Longer	$	6,087
The aggregate related fair value of securities with unrealized losses:
	Less than 12 Months	$	836,973
	12 Months or Longer	$	200,322

Total capital gains (losses) of $(0.2) million and $4.7 million before tax were transferred to IMR in 2021 and 2020, respectively.

At December 31, 2021 and 2020, the common stock unrealized appreciation of $3.2 million and $5.2 million, respectively, is comprised of $3.2 million and $5.2 million of unrealized gains and no unrealized losses, and has been reflected directly in surplus. In 2021, the Company did not have any stock impairments related to other-than-temporary declines in market values.

18

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Net investment income consists of the following:

	2021		2020
Interest	$	609,299	$	589,473
Dividends		8,547		4,553
Rental Income		16,750		20,683
Other		27,919		10,519
Gross investment income		662,515		625,228
Less investment expenses		42,884		43,673
Net investment income	$	619,631	$	581,555

There was no non-admitted accrued investment income at December 31, 2021 or 2020. Net investment income includes $2.2 million and $2.7 million of capitalized interest on bonds which is a non-cash transaction at December 31, 2021 and 2020, respectively.

At December 31, 2021 and 2020, investments in bonds with an admitted asset value of $3.5 million and $3.7 million respectively, were on deposit with state insurance departments to satisfy regulatory requirements.

AUL had outstanding private placement commitments of $54.5 million and $85.6 million at December 31, 2021 and 2020, respectively. AUL had $266.7 million and $191.9 million outstanding commitments on its other invested assets portfolio as of December 31, 2021 and 2020, respectively.

AUL did not hold any structured notes at December 31, 2021 or 2020.

Reported values for subsidiary controlled and affiliated investments:

Description		Gross Asset		Nonadmitted Amount		Admitted Asset		Date of Filing to NAIC	Type of Filing		NAIC Response Received (Y/N)	NAIC Valuation Amount		NAIC Disallowed   Entity's Valuation Method, Resubmission Required (Y/N)
RMS		$	-	$	-	$	-	N/A		N/A	N/A		N/A	N/A
OAS			3,073		-		3,073	6/30/2021		Sub-2	Y		5,236	N
MRO-A			862		862		-	N/A		N/A	N/A		N/A	N/A
	Total	$	3,935	$	862	$	3,073

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

19

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Mortgage Loans

AUL maintains a diversified mortgage loan portfolio and exercises internal limits on concentrations of loans by geographic area, industry, use and individual mortgagor. At December 31, 2021, the largest geographic concentration of commercial mortgage loans was in the West, where approximately 31 percent of the portfolio was invested.

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

	2021					2020
	Amount		% of Total			Amount		% of Total
Apartments	$	616,649		24.9	%	$	557,111		23.1	%
Industrial/warehouse		656,957		26.5	%		637,134		26.5	%
Medical office		55,721		2.2	%		64,309		2.7	%
Office		255,874		10.3	%		258,018		10.7	%
Retail		865,847		34.9	%		847,718		35.2	%
Other		28,772		1.2	%		43,777		1.8	%
Subtotal gross mortgage loans		2,479,820		100.0	%		2,408,067		100.0	%
Valuation allowance		-					-
Balance, end of year	$	2,479,820				$	2,408,067

During 2021, the minimum and maximum lending rates for mortgage loans were 2.7 percent and 4.4 percent, respectively. All new loans were on commercial properties. The Company did not reduce interest rates for any outstanding mortgage loans. The maximum percentage of any one loan to the value of security at the time of the loan was 64.9 percent. As of December 31, 2021 and 2020, the Company held no mortgages with interest more than 30 days past due . The Company has no taxes, assessments, or any amounts advanced not included in the mortgage loan total. The Company did not restructure any mortgage loans in 2021 or 2020.

In response to the COVID-19 pandemic, loan modifications were provided on a good faith basis to borrowers who were current. All modification were in the form of waivers of scheduled principal payments for a period of four to six months. No interest payments were waived and no interest rates were modified. During 2020, the Company modified 48 loans. During 2021, 7 loans were repaid and, as of December 31, 2021, 41 modified loans remained totaling $238.9 million, or 9.6%, of carrying value of the commercial mortgage portfolio. The modification period has ended and all loans remained in good standing as of December 31, 2021. The modifications in 2020 were within the scope of the NAIC’s interpretation 20-03 adopted in April 2020, as amended in January 2021, and did not constitute troubled debt restructurings. This statutory accounting exception allows insurance reporting entities to address the mortgage loan modification or forbearance request without constituting a troubled debt restructuring, if certain criteria are met.

Impaired loans include those loans for which it is probable that amounts due according to the contractual terms of the loan agreement will not all be collected. The portfolio’s valuation allowance is routinely evaluated for adequacy based on known and inherent risks, adverse situations that may affect a borrower’s ability to repay, the estimated value of the underlying collateral, portfolio delinquency information, current economic conditions, and other relevant factors. We did not hold an allowance for losses of all mortgage loans for the years ended December 31, 2021 and 2020.

20

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Impaired mortgage loans identified in management’s specific review of probable loan losses and the related allowance for losses at December 31, are as follows:

	2021				2020
		Unpaid Principal Balance		Related Allowance		Unpaid Principal Balance		Related Allowance
Apartments	$	616,649	$	-	$	557,111	$	-
Industrial/warehouse		656,957		-		637,134		-
Medical office		55,721		-		64,309		-
Office		255,874		-		258,018		-
Retail		865,847		-		847,718		-
Other		28,772		-		43,777		-
Balance, end of year	$	2,479,820	$	-	$	2,408,067	$	-

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

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

	2021			2020
CM1 - highest quality		$	2,282,842		$	2,300,576
CM2 - high quality			195,489			104,191
CM3 - medium quality			-			1,727
CM4 - low medium quality			1,489			1,554
CM5 - low quality			-			-
Subtotal - CM category			2,479,820			2,408,048
Residential - not categorized			-			19
Valuation adjustment			-			-
Total		$	2,479,820		$	2,408,067

21

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Mortgage loans are placed on non-accrued status if there is concern regarding the collectability of future payments. Factors considered may include, but are not limited to, conversations with the borrower, loss of a major tenant or bankruptcy of borrower or major tenant. The Company did not have any loans on non-accrued status as of December 31, 2021 or 2020. The Company did not restructure any mortgage loans in 2021 or 2020.

AUL had outstanding mortgage loan commitments of approximately $85.0 million and $62.8 million at December 31, 2021 and 2020, respectively.

Derivatives

The Company uses derivatives, including option and swap contracts, to manage interest rate and credit risk associated with changes in the estimated fair values of the Company’s assets and liabilities. The value of these derivatives is generally derived from financial indexes and clearing houses and are primarily contracted in the over-the-counter (OTC) market. The Company did not elect to use hedge accounting for the significant majority of the derivatives held, but the derivatives do provide an assumed economic hedge against certain anticipated transactions. Derivatives are carried on the Company’s Statutory Statements of Admitted Assets, Liabilities and Surplus as assets within Other invested assets or liabilities within Other liabilities. The Company does not offset the fair value amounts recognized for derivatives executed with the same counterparty under the same master netting agreement.

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

The Company may be exposed to credit-related losses in the event of nonperformance by counterparties to reinsurance agreements and risk of changes in credit spreads from the time cash is received until which time it can be invested. As part of its overall risk management program, the Company takes various risk management actions to manage its credit exposure within well-defined risk tolerances. One such action includes the purchase of credit default swaps.

In a credit default swap transaction, the Company agrees with another party to pay, at specified intervals, a premium to hedge credit risk. If a credit event occurs, the contract may be cash settled or it may be settled gross by the delivery of par quantities of the referenced investment in a credit event auction, which determines the amount of the credit payment.

Credit events vary by type of issuer but typically include bankruptcy, failure to pay debt obligations, repudiation, moratorium, involuntary restructuring or governmental intervention. In each case, payout on a credit default swap is triggered only after the Credit Derivatives Determinations Committee of the International Swaps and Derivatives Association, Inc. (ISDA) deems that a credit event has occurred.

22 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

The Company also shorts investment grade credit default swap index securities to economically hedge credit spread risk from the time when cash is received to the time the cash can be invested. The value of these positions moves inversely to changes in credit spreads, offsetting the impact of changes in credit spreads on forecasted debt purchases. Credit default swap indexes allow investors to take long or short credit risk positions on baskets of single-name credit default swap contracts. In the event of default of one of the underlying reference entities in the index, the seller of credit protection will be obligated to make a payment proportional to the weight of the defaulted entity in the index. The Company receives a periodic premium for providing this credit protection.

As of December 31, 2021, the fair value of derivative assets and liabilities were $64.8 million and $45.3 million, respectively. As of December 31, 2020, the fair value of derivative assets and liabilities were $101.0 million and $73.9 million, respectively. The change in unrealized gains and losses was $10.0 million and ($1.4) million, net gain (loss) recognized in 2021 and 2020, respectively.

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

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

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

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

The Company received collateral from counterparties in the amount of $19.3 million and $26.4 million at December 31, 2021 and 2020, respectively. The Company maintained ownership of any collateral delivered. The Company delivered collateral to counterparties in the amount of $0 and $17.6 million at December 31, 2021 and 2020, respectively. The cash collateral is included in Cash and cash equivalents and the obligation to return it is included in Other liabilities.

23 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	2021				2020
	Notional		Fair Market Value		Notional		Fair Market Value
Purchased S&P 500 Call Options	$	509,850	$	63,620	$	461,750	$	80,972
Written S&P 500 Call Options		461,300		(44,595)		420,750		(62,716)
Credit Default Swaps		-		-		685,000		(7,085)
Credit Default Swaps Index		-		-		800,000		19,819
Foreign Currency Swaptions		68,471		742		68,471		(3,955)
U.S. Treasury Futures		-		-		-		-
Net Fair Market Value			$	19,767			$	27,035

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

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

		Total General Account
Restricted Asset Category		2021		2020		Change between years	Gross Admitted and Nonadmitted Restricted to Total Admitted Assets
Federal Home Loan Bank of Indianapolis (FHLBI) Capital Stock	$	75,038	$	82,490	$	(7,452)	0.2%
On deposit with states		3,477		3,730		(253)	0.0%
Bonds held for the FHLBI collateral		163,871		600,122		(436,251)	0.4%
Bonds held for assumed reinsurance		117,242		123,353		(6,111)	0.3%
Mortgage loans held for the FHLBI collateral		2,223,893		2,180,340		43,553	5.7%
Collateral held under security lending agreement		610,406		657,363		(46,957)	1.6%
Total Restricted Assets	$	3,193,927	$	3,647,398	$	(453,471)	8.2%

Securities Lending Transactions

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

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

The Company held cash collateral at fair value in the amount of $610.4 million and $657.4 million as of December 31, 2021 and 2020, respectively.

24 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Reinvested collateral assets as of December 31, 2021 are as follows:

	2021				2020
Cash Collateral Reinvested:	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Open	$	37	$	34	$	56	$	53
30 Days or Less		175,305		175,307		180,264		180,267
31 to 60 Days		31,425		31,425		49,073		49,078
61 to 90 Days		65,317		65,321		21,773		21,778
91 to 120 Days		35,043		35,037		27,467		27,472
121 to 180 Days		88,454		88,446		100,507		100,526
181 to 365 Days		171,728		171,665		241,193		241,221
1 to 2 Years		43,097		43,060		37,030		37,043
2 to 3 Years		-		-		-		-
Greater than 3 Years		-		-		-		-
Subtotal		610,406		610,295		657,363		657,438
Securities Received		-		-		-		-
Total Collateral Reinvested	$	610,406	$	610,295	$	657,363	$	657,438

The Company does not accept collateral that is not permitted by contract or custom to sell or re-pledge.

The Company does not use an affiliated agent for securities lending activities.

The Company has collateral for transactions that extend beyond one year from December 31, 2021 as follows:

	2021		2020
Description of Collateral	Amortized Cost		Amortized Cost
Industrial and Miscellaneous Bonds	$	26,959	$	25,030
Certificates of Deposit		16,138		12,000
Total collateral extending beyond one
year from of the reporting date	$	43,097	$	37,030

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

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

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

25 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Transfers of financial assets accounted for as secured borrowings at December 31, 2021 and 2020 are as follows:

Assets:	2021		2020
Bonds	$	105,251		$  153,677
Cash, Cash Equivalents, and Short Term		505,155		503,686
Total Securities Lending Collateral	$	610,406		$  657,363
Liabilities:
Securities Lending Cash Collateral	$	610,406		$  657,363

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

5.  Real Estate

AUL owns its home office and occupies the majority of the space with a portion leased to third parties. Real estate is recorded net of accumulated depreciation, and consists of $14.6 million and $14.9 million for investment properties and $75.2 million and $74.4 million for the home office at December 31, 2021 and 2020, respectively. Depreciation expense on real estate amounted to $6.2 million and $6.5 million in 2021 and 2020, respectively.

Income from real estate for 2021 and 2020 includes $6.8 million and $6.6 million, respectively.

The Company reported no real estate acquired in satisfaction of debt in either 2021 or 2020.

6.  Reserve for Policy Benefits

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

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

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

The amount of insurance for which gross premiums are less than the net premiums according to the valuation standard required by this state was $1,236.0 million and $1,257.6 million as of December 31, 2021 and 2020, respectively. The amount of the related reserve was $8.1 million for both December 31, 2021 and 2020.

26 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Tabular interest, tabular cost, and tabular less actual reserves released have been determined by formula for all insurance and annuities, respectively. Tabular interest on funds not involving life contingencies has been determined by formula or from actual interest credited.

These reserves consisted of the following at December 31:

	2021	2020
Life and accident and health reserves
Individual, group and credit life policies	$       3,587,695	$        3,131,851
Annuities and deposit administration funds	10,360,846	9,891,656
Accident and health and other reserves	1,753,445	1,693,377
Less reinsurance ceded	(2,070,042)	(2,089,706)
	$    13,631,944	$     12,627,178

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

	2021					2020
	Amount		% of Total			Amount			% of Total
Subject to discretionary withdrawal
With market value adjustment	$	2,293,086		7.0	%	$	2,523,772			8.3	%
At book value less surrender charges		487,162		1.5	%		521,859			1.7	%
At market value		20,755,889		63.0	%		18,517,900			61.1	%
		23,536,137		71.4	%		21,563,531			71.1	%
Subject to discretionary withdrawal without adjustment
At book value without adjustment		4,731,435		14.4	%		4,135,075			13.7	%
Not subject to discretionary withdrawal		4,636,466		14.2	%		4,587,791			15.2	%
	$	32,904,038		100.0	%	$	30,286,397			100.0	%
Less reinsurance ceded		-					(4,092	)
	$	32,904,038				$	30,282,305

27 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

The withdrawal characteristics of the company’s life reserves were as follows as of December 31, 2021:

	General Account						Separate Account - Nonguaranteed
	Account Value		Cash Value		Reserve		Account Value		Cash Value		Reserve
Subject to discretionary withdrawal, surrender values,or policy loans:
Term Policies with Cash Value	$	-	$	22,351	$	25,548	$	-	$	-	$	-
Universal Life		90,299		90,603		93,679		-		-		-
Other Permanent Cash Value Life Insurance		-		2,247,321		2,799,388		-		-		-
Variable Universal Life		10,365		10,362		10,383		160,411		160,355		161,150
Not Subject to discretionary withdrawal or no cash values:
Term Policies without Cash Value		-		-		658,696		-		-		-
Accidental Death Benefits		-		-		173		-		-		-
Disability - Active Lives		-		-		10,845		-		-		-
Disability - Dasabled Lives		-		-		50,983		-		-		-
Miscellaneous Reserves		-		-		78,793		-		-		-
Total gross	$	100,664	$	2,370,637	$	3,728,488	$	160,411	$	160,355	$	161,150
Reinsurance Ceded		-		-		702,558		-		-		-
Total	$	100,664	$	2,370,637	$	3,025,930	$	160,411	$	160,355	$	161,150

Reconciliation of total life actuarial reserves at December 31, 2021
Life & Accident & Health Annual Statement	Amount
Life Insurance	$	2,952,686
Accidental Death Benefits		172
Disability - Active Lives		4,787
Disability - Disabled Lives		43,093
Miscellaneous Reserves		25,192
Subtotal	$	3,025,930
Separate Accounts Annual Statement
Life Insurance	$	161,150
Accident and health		-
Miscellaneous reserves		-
Subtotal	$	161,150
Combined Total	$	3,187,080

7.  Premium and Annuity Considerations Deferred and Uncollected

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

	2021				2020
	Gross		Net of Loading		Gross			Net of Loading
Type of Business
Ordinary new business	$	8,109	$	15,474	$	7,853		$	15,085
Ordinary renewal		69,384		63,405		65,363			57,652
Group life		3,015		3,015		4,308			4,308
Group annuity		60		60		(266	)		(266	)
	$	80,568	$	81,954	$	77,258		$	76,779

28 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

The Company estimates accrued retrospective premium adjustments for its group health insurance business through a mathematical approach using an algorithm of the Company’s underwriting rules and experience rating practices. The amount of net premiums written by the Company that are subject to retrospective rating features was $7.0 million and $6.5 million at December 31, 2021 and 2020, respectively. This represented 2.3 percent and 2.0 percent of the total net premiums written for group life and health in 2021 and 2020, respectively.

8.  Separate Accounts

Separate Account assets held by the Company are carried at market value and consist primarily of variable life and annuity contracts.

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

	2021		2020
Product
Life insurance	$	160,566	$	148,101
Individual annuities		448,402		461,274
Group annuities		20,501,052		18,060,646
Total	$	21,110,020	$	18,670,021

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

	2021			2020
Transfers as reported in the statements of operations of the separate accounts:
Transfers to separate accounts	$	3,152,428		$	2,764,526
Transfers from separate accounts		3,484,823			3,128,473
Net separate account transfers as reported in the
statements of operations	$	(332,395	)	$	(363,947	)

29 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	2021		2020
Premiums, considerations or deposits	$	3,152,428	$	2,764,526
Reserves at December 31
For accounts with assets at
Market value	$	20,917,752	$	18,666,394
Amortized cost		186,338		-
Total reserves	$	21,104,090	$	18,666,394
By withdrawal characteristics
Subject to discretionary withdrawal	$	-	$	-
With market value adjustment		-		-
At book value without market value adjustment and with current
surrender charge of 5% or more		-		-
At market value		20,917,752		18,666,394
At book value without market value adjustment and with current
surrender charge of less than 5%		186,338		-
		21,104,090		18,666,394
Not subject to discretionary withdrawal		-		-
Total	$	21,104,090	$	18,666,394

9.  Employees’ and Agents’ Benefit Plans

On December 1, 2014, the sponsorship of the employee defined pension benefit plan was transferred from the Company to OneAmerica.

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

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

	Overfunded				Underfunded
	2021		2020		2021		2020
Change in benefit obligation
Postretirement benefits
Benefit obligation at beginning of year	$	-	$	-	$	74,681	$	68,809
Service cost		-		-		1,505		1,294
Interest cost		-		-		1,415		1,953
Contribution by plan participants		-		-		1,424		1,442
Actuarial loss		-		-		(2,250)		6,103
Benefits paid		-		-		(4,873)		(4,919)
Plan amendments		-		-		-		-
Business combinations, divestitures, curtailments, settlements and special termination benefits		-		-		-		-
Benefit obligation at end of year	$	-	$	-	$	71,902	$	74,682

30 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

		Postretirement Benefits
		2021			2020
Change in plan assets
Fair value of plan assets at beginning of year	$	-		$	-
Actual return on plan assets		-			-
Employer contribution		3,449			3,477
Plan participants' contributions		1,424			1,442
Benefits paid		(4,873	)		(4,919	)
Transfer to parent		-			-
Fair value of plan assets at end of year	$	-		$	-
Funded status
Overfunded
Asset (nonadmitted)
Prepaid benefit costs	$	-		$	-
Overfunded plan assets		-			-
Total assets (nonadmitted)	$	-		$	-
Underfunded
Liabilities recognized
Accrued benefit costs	$	59,139		$	57,942
Liability for pension benefits		12,763			16,739
Total liabilities recognized	$	71,902		$	74,681
Unrecognized liabilities	$	-		$	-
Components of net periodic benefit cost
Service cost	$	1,505		$	1,294
Interest cost		1,415			1,953
Expected return on plan assets		-			-
Transition asset or obligation		-			-
(Gains) and losses		1,177			601
Prior service cost or credit		(168	)		102
Gain or loss recognized due to a settlement or curtailment		-			-
Total net periodic benefit cost	$	3,929		$	3,950
Amounts in unassigned funds (surplus) recognized as components of net periodic benefit cost
Items not yet recognized as a component of net periodic cost - prior year	$	(13,158	)	$	(8,788	)
Net transition asset or obligation recognized		-			-
Net prior service cost or credit arising during the period		-			-
Net prior service cost or credit recognized		(168	)		102
Net gain and loss arising during the period		3,232			(5,073	)
Net gain and loss recognized or transferred to parent		1,177			601
Items not yet recognized as a component of net periodic cost - current year	$	(8,917	)	$	(13,158	)
Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost
Net transition asset or obligation	$	-		$	-
Net prior service cost or credit		197			365
Net recognized gains and (losses)		(9,114	)		(13,523	)

31 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	Other Benefits
	2021	2020
Discount rate	2.58%	3.35%
Rate of compensation increase	6.00%	6.00%

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

	Other Benefits
	2021	2020
Discount rate	2.95%	2.58%
Rate of compensation increase	6.00%	6.00%

Pension Benefits and Other Benefits that make up the plan assets and benefit obligations are based upon a measurement date of December 31.

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

For measurement purposes, the health care trend rate assumes a 0.25% decrease per year from the 2021 rate of 6.25% until the ultimate rate of 5.00% is reached in 2026.

The Company expects to contribute $3.8 million to its other postretirement benefit plans in 2022.

OneAmerica sponsors a qualified, noncontributory defined benefit pension plan covering substantially all of its employees. OneAmerica charges the Company which in turn allocates to its affiliates a share of the total cost of the pension plan based on allocation and/or salary ratios. The Company’s share of net periodic benefit costs were $10.0 million and $16.3 million for 2021 and 2020, respectively. The Company has no legal obligation for benefits under this plan.

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

	Other
	Benefits
2022	$       3,769
2023	3,792
2024	3,824
2025	3,808
2026	3,917
Years 2027-2031	22,999

32 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

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

The Company sponsors a defined contribution savings plan that covers substantially all employees. The Company contributes a match for participants who complete one full calendar year of employment. The match is 50 percent of participants’ elective deferral on the first 6 percent of eligible compensation. The Company’s contribution to the plan was $4.0 million and $4.6 million for 2021 and 2020, respectively. As of December 31, 2021, the fair value of the plan assets was $493.3 million.

The Company sponsors a profit-sharing plan that covers substantially all of its career agents, except for the general agents. Effective August 1, 2016, the plan was amended to feature a safe harbor matching contribution structure. Career agents are eligible to make deferrals and receive a matching contribution on the first day of the month coincident with or next following three months of service and attainment of age 20-1/2. Matching contributions are immediately vested. With respect to the plan’s nonelective contribution, eligibility is six months of service and attainment of age 20-1/2, and the entry date for purposes of the nonelective contribution is the January 1 coincident with or next following the date such eligibility requirements are met. Vesting on the nonelective contribution is based on years of service, with full vesting after three years of service. The Company did not make a profit-sharing contribution for the 2021 plan year. The Company’s contribution to the plan was $1.7 million and $1.4 million in safe harbor matching contributions for 2021 and 2020, respectively. As of December 31, 2021, the fair market value of the plan assets was $49.9 million.

The Company sponsors a supplemental executive retirement plan, a defined contribution plan and other postretirement benefits for employees of the holding company group. The Company allocates the cost of the plans to affiliates based on direct allocation or salary ratios. The Company’s share of net periodic benefit cost for other postretirement benefit plans was $7.9 million and $7.6 million for 2021 and 2020, respectively. The Company has the legal obligation for benefits under these plans.

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

33 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

10. Federal Income Taxes

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

	2021
	Ordinary			Capital		Total
Gross deferred tax assets	$	179,143		$	424	$	179,567
Less:  valuation allowance		-			-		-
Adjusted gross deferred tax asset		179,143			424		179,567
Deferred tax asset nonadmitted		(43,310	)		-		(43,310	)
Subtotal net admitted deferred tax asset		135,833			424		136,257
Deferred tax liabilities		(48,591	)		-		(48,591	)
Net admitted deferred tax asset	$	87,242		$	424	$	87,666
(Increase) Decrease in nonadmitted tax asset						$	(245	)

	2020
	Ordinary			Capital			Total
Gross deferred tax assets	$	154,009		$	5,413		$	159,422
Less:  valuation allowance		-			-			-
Adjusted gross deferred tax asset		154,009			5,413			159,422
Deferred tax asset nonadmitted		(40,677	)		(2,388	)		(43,065	)
Subtotal net admitted deferred tax asset		113,332			3,025			116,357
Deferred tax liabilities		(46,703	)		(180	)		(46,883	)
Net admitted deferred tax asset	$	66,629		$	2,845		$	69,474

34 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	2021			2020
	Ordinary	Capital	Total	Ordinary	Capital	Total
Admission calculation components:  SSAP 101 (Paragraph 11)
(a) Federal income taxes paid in prior years recoverable through loss carrybacks	$            -	$            -	$                 -	$            -	$      2,421	$          2,421
(b) Adjusted gross deferred tax assets expected to be realized after the application of the threshold limitation	87,242	424	87,666	67,053	-	67,053
(i) Adjusted gross deferred tax assets expected to be realized following the balance sheet date	87,242	424	87,666	67,053	-	67,053
(ii)Adjusted gross deferred tax assets allowed per limitation threshold	-	-	221,074	-	-	187,754
(c) Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from (a) and (b) above offset by gross deferred tax liabilities)	48,591	-	48,591	46,280	604	46,884
Deferred tax assets admitted as the result of the application of SSAP No. 101 (a+b+c)	$  135,833	$         424	$        136,257	$  113,333	$      3,025	$      116,358
Ratio percentage used to determine recovery period and threshold			1085%			881%
Amount of adjusted capital and surplus used to determine recovery period and threshold amount			$     1,473,827			$   1,403,321

35 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	2021		2020		Change
	Ordinary	Capital	Ordinary	Capital	Ordinary	Capital
Adjusted gross DTAs	$  179,143	$         424	$        154,009	$      5,413	$    25,134	$         (4,989)
Percentage of adjusted gross DTA by tax character attributable to the impact of tax planning strategies	0.0%	100.0%	0.0%	0.0%	0.0%	100.0%
Net admitted adjusted gross DTAs	135,834	424	113,332	3,025	22,502	(2,601)
Percentage of adjusted net admitted adjusted gross DTAs by tax character admitted because of the impact of tax planning strategies	0.0%	100.0%	2.6%	0.0%	-2.6%	100.0%

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

	2021			2020			Change
Gross deferred tax assets	$	179,567		$	159,418		$	20,149
Deferred tax liabilities		(48,591	)		(46,883	)		(1,708	)
Net deferred tax asset		130,976			112,535			18,441
Tax effect of unrealized gains		(450	)		(3,391	)		2,941
Net deferred income tax asset, excluding unrealized gains	$	130,526		$	109,144		$	21,382

36 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	2021			2020
Deferred tax assets
Policyholder reserves	$	70,539		$	57,232
Investments		152			2,073
Deferred acquisition costs		40,066			29,111
Policyholder dividend accrual		2,339			3,648
Fixed and amortizable assets		(2,028	)		10,975
Compensation and benefits accrual		30,683			27,486
Pension accrual		2,689			-
Receivables nonadmitted		31,124			9,966
Other		3,579			13,518
Ordinary deferred tax assets		179,143			154,009
Nonadmitted deferred tax assets		(43,310	)		(40,677	)
Admitted ordinary deferred tax assets	$	135,833		$	113,332
Capital
Investments		424			5,413
Nonadmitted		-			(2,388	)
Admitted deferred tax assets	$	136,257		$	116,357
Deferred tax liabilities
Investments	$	10,407		$	9,835
Fixed assets		14,972			12,434
Deferred and uncollected premium		16,437			15,370
Policyholder reserves		6,877			8,521
Other		(102	)		543
Ordinary deferred tax liabilities		48,591			46,703
Capital - investments		-			180
Deferred tax liabilities		48,591			46,883
Net admitted deferred tax asset	$	87,666		$	69,474

37 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	2021			2020
Tax expense at the federal statutory rate	$	9,770		$	1,102
Tax preferenced investment income		(30,240	)		(13,046	)
Nondeductible expenses		170			456
Change in interest maintenance reserve		(757	)		(347	)
Change in nonadmitted assets		(6,715	)		(4,189	)
Elimination of statutory ceding commission amortization and capitalization		4,567			(1,022	)
Net assets transferred in conjunction with an affiliate reinsurance transaction		12,612			-
Provision to return adjustment		516			(31	)
Change in pension liability		(978	)		(916	)
Other		(247	)		(2,623	)
	$	(11,302	)	$	(20,616	)
Federal and foreign income taxes incurred	$	10,080		$	(4,362	)
Change in net deferred income taxes		(21,382	)		(16,254	)
Total statutory income tax benefit	$	(11,302	)	$	(20,616	)
Federal income tax-operating	$	10,794		$	(5,913	)
Federal income tax-capital gains (losses)		(714	)		1,551
Federal income tax incurred	$	10,080		$	(4,362	)

The following are income taxes incurred in the current and prior years that will be available for recoupment in the event of future net losses:

2021	$	18,860
2020	$	3,828
2019	$	2,652

38 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

A reconciliation of the beginning and ending liability for tax contingencies is as follows:

	2021			2020
Beginning of the year balance	$	1,324		$	1,445
Additions based on tax positions related to prior years		-			152
Deduction for Expiration of Federal Statute of Limitations		(1,324	)		(273	)
End of the year balance	$	-		$	1,324

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

The statute of limitations related to the Company's consolidated federal income tax return is closed for all tax years up to and including 2017. The expiration of the statute of limitations related to the various state income tax returns that the Company files varies by state.

11. Reinsurance

AUL is a party to various reinsurance contracts under which it receives premiums as a reinsurer and reimburses the ceding companies for portions of the claims incurred. At December 31, 2021 and 2020, life reinsurance assumed was approximately 25 and 26 percent, respectively, of gross life insurance in force. Premiums on life reinsurance assumed were approximately 18 and 16 percent of gross life insurance premium income in 2021 and 2020, respectively. Premiums on accident and health reinsurance assumed were approximately 22 and 21 percent of gross accident and health premium income in both 2021 and 2020, respectively.

Effective July 1, 2021, Pioneer Mutual Life Insurance Company (“Pioneer”) entered into an agreement with the Company to cede all of Pioneer’s outstanding policies (with net policyholder liabilities of approximately $410.8 million) through a 100% indemnity coinsurance agreement. As a result of the transaction, the net gain (loss) from operations before tax was improved by $20.1 million and included the following items:

1. Pioneer paid a ceding commission to the Company of $31.4 million.

2. Pioneer transferred its existing interest maintenance reserve (“IMR”) balance of $0.5 million ($0.7 million pre-tax).

3. The Company recorded no transaction expenses and purchase price adjustments as a result of the transaction.

4. The Company deferred $24.8 million of the gain on the reinsurance transaction to be recognized over time.

39 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

In addition, the following summarizes other impacts of the transaction.

1. Pioneer transferred assets, primarily NAIC Class 1 and 2 bonds, with a fair value of $492.2 million. In accordance with the agreement, Pioneer transferred the realized capital gains created on the transaction of $60.1 million to the Company.

2. The following summarizes the net settlement and the amounts transferred or accrued to the Company, subject to finalization of customary post-closing:

Statutory reserves as of July 1, 2021	$	403,539
Realized capital gains on invested assets transferred		60,059
Existing IMR (pre-tax)		675
Ceding commission		31,427
Accrued interest on invested assets transferred		(3,234	)
Total net settlement amount		492,466
Invested assets transferred at fair value		492,199
Cash transferred		267
Total net settlement amount		492,466

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

	2021	2020
Reinsurance ceded on ordinary life in force	$ 53,997,540	$ 57,316,394
Reinsurance ceded on group and credit life in force	4,026,879	4,087,721
Life reinsurance premiums ceded	158,643	143,386
Accident and health reinsurance premiums ceded	52,235	53,828
Reinsurance recoveries	312,561	292,322

All AUL reinsurance agreements transfer risk. Premiums for policies reinsured with other companies have been reported as a reduction of premium income and amounts applicable to reinsurance ceded for policy reserves and claim liabilities have been reported as reductions of these items. If companies to which reinsurance has been ceded are unable to meet obligations under the reinsurance agreements, AUL would remain liable. Policy reserves have been reduced at December 31, 2021 and 2020 by $2,070.0 million and $2,089.7 million, respectively, for reinsurance ceded. Claim liabilities have been reduced at December 31, 2021 and 2020 by $95.6 million and $87.4 million, respectively, for reinsurance ceded.

40 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

The Company reviews all reinsurance agreements for transfer of risk and evaluates the proper accounting methods based upon the terms of the contract.  If companies to which reinsurance has been ceded are unable to meet obligations under the reinsurance agreements, the Company would remain liable.  Six reinsurers account for the majority of the Company’s December 31, 2021, ceded reserves for life and accident and health insurance.    Five of these reinsurers maintain A.M. Best ratings of A+, the remaining reinsurer was not rated by A.M. Best.  The last available rating for this reinsurer as of December 31, 2018 was B+. This reinsurer has provided collateral to the Company in the form of a trust account and a Capital Maintenance Agreement from the reinsurer’s parent company and a Claims Payment Guarantee from another reinsurer in order to reduce the credit risk to OneAmerica.  The remainder of such ceded reserves is spread among numerous reinsurers.

The Company has reinsurance agreements in effect under which the reinsurer may unilaterally cancel the agreement. If the reinsurance agreements were unilaterally cancelled there would not be a reduction to surplus. At December 31, 2021, there are no reinsurance agreements in effect such that losses paid or accrued exceed the total direct premium collected. The Company does not have and has not written off any uncollectible reinsurance during 2021 or 2020.

The Company did not commute any material ceded reinsurance in 2021 or 2020.

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

MidAmerica Administrative & Retirement Solutions, Inc. of Lakeland, Florida provides claims payment, claims adjustment, and premium collection for group annuity business. The direct premium written related to MidAmerica for 2021 and 2020 was $225.6 million and $218.0 million, respectively. MidAmerica does not have an exclusive contract with the Company.

13. Risk-based Capital

The NAIC requires companies to calculate RBC to serve as a benchmark for the regulation of life insurance companies by state insurance regulators. At December 31, 2021 and 2020, the Company’s calculated RBC exceeded the minimum RBC requirements.

14. Commitments and Contingencies

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

15. Surplus Notes and Shareholder Dividends

In 1996, AUL issued $75 million of 7.75 percent surplus notes, due March 30, 2026. The surplus notes were issued for cash and have the following repayment conditions and restrictions: 1) interest and principal payments may be made only with the prior approval of the Indiana Insurance Commissioner, and 2) repayment of the principal due may be made only from unassigned surplus. No affiliates of the Company hold positions in the surplus notes.

Interest is payable semiannually in March and September. Interest payments of $5.8 million were approved paid in both 2021 and 2020. Total interest paid inception to date is $148.9 million.

41 

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

Had the accrual of interest on surplus notes not been subject to approval of the Commissioner, accrued interest payable on the surplus notes at December 31, 2021 and 2020 would have been $1.5 million.

Under Indiana law, the amount of dividends a domestic insurer is permitted to pay without prior approval of the IDOI is limited to an amount not exceeding the greater of 10 percent of the Company’s statutory surplus as of the most recently preceding December 31 or 100 percent of the Company’s statutory gain from operations for the twelve month period ending on the most recently preceding December 31. Under state statutes, dividends would be limited to approximately $136.6 million in 2022.

The Company paid a $6.0 million dividend to OneAmerica in 2021 and no dividend in 2020. The Company received a capital contribution of $338.7 million in 2020 from OneAmerica as part of proceeds from a senior note. The proceeds are intended to be used for general corporate purposes. The Company did not receive a capital contribution in 2021.

The portion of unassigned surplus represented or reduced by each item below as of December 31, 2021 is as follows:

Nonadmitted asset values	$	(186,069	)
Asset valuation reserve	$	(178,425	)
Net unrealized gain (losses)	$	39,393
Reinsurance recoverables from unauthorized companies	$	(47	)

16.  Federal Home Loan Bank of Indianapolis

The Company has a line of credit with the Federal Home Loan Bank of Indianapolis (FHLBI) for amounts up to $50,000,000 which matured in 2021. During 2021, the line of credit was renewed for an additional two years. The interest rate is determined based upon the variable advance rate at the time of a draw. There is no amount outstanding on this facility as of December 31, 2021 or 2020.

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

At December 31, 2021 and 2020, the carrying value of the FHLBI Class B common stock was $75.0 million and $82.5 million, respectively. The carrying value of the FHLBI common stock approximates fair value.

Funding Agreements associated with the FHLBI totaled $1,351.5 million and $1,702.4 million of December 31, 2021 and 2020, respectively. The proceeds were used to purchase bonds. The Company closely matches the maturities of the Funding Agreements with bond maturities. The Funding Agreements are classified as Deposit Type Contracts and had a carrying value of $1,352.3 million and $1,703.4 million at December 31, 2021 and 2020, respectively. Interest paid was $18.0 million and $27.6 million in 2021 and 2020, respectively.

42

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

The line of credit and Funding Agreements are collateralized by bond and mortgage loan investments and are maintained in a custodial account for the benefit of the FHLBI. The fair value of pledged assets amounted to $2,388.0 million and $2,869.9 million at December 31, 2021 and 2020, respectively, and is included in bonds and mortgage loan investments reported on the Statutory Statements of Admitted Assets, Liabilities and Surplus. The maximum carrying value of collateral pledged during the reporting period was $2,743.7 million.

The fixed rate funding agreements are pre-payable subject to payment of a yield maintenance fee based on current market interest rates. While no pre-payments are expected, the aggregate fee to prepay all fixed rate borrowings would have been $8.0 million at December 31, 2021.

17.  Fair Value of Financial Instruments

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

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

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

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

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

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

43

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

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

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

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

	Quoted Prices in		Significant		Significant		Total
	Active Markets		Observable		Unobservable		Fair
2021	Level 1		Level 2		Level 3		Value
Assets
Common stocks
Industrial & misc	$	24	$	-	$	76,346	$	76,370
Affiliate		-		-		-		-
Mutual funds		-		-		-		-
Total common stocks		24		-		76,346		76,370
Derivatives		-		63,620		-		63,620
Separate account assets *		21,110,020		-		-		21,110,020
Total Assets	$	21,110,044	$	63,620	$	76,346	$	21,250,010
Liabilities
Derivatives	$	-	$	44,595	$	-	$	44,595

	Quoted Prices in		Significant		Significant		Total
	Active Markets		Observable		Unobservable		Fair
2020	Level 1		Level 2		Level 3		Value
Assets
Common stocks
Industrial & misc	$	16	$	-	$	83,768	$	83,784
Affiliate		-		-		-		-
Derivatives		-		-		-		-
Total common stocks		16		-		83,768		83,784
Derivatives		-		100,790		-		100,790
Separate account assets *		18,670,021		-		-		18,670,021
Total Assets	$	18,670,037	$	100,790	$	83,768	$	18,854,595
Liabilities
Derivatives	$	-	$	69,800	$	-	$	69,800

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

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

44

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	Common Stocks
	Industrial & misc
Beginning Balance at December 31, 2019	$	79,290
Transfer into level 3		-
Transfer out of level 3		-
Total gains (losses) included in net income		-
Total gains (losses) included in surplus		(70	)
Purchases (1)		4,548
Issuances		-
Sales (1)		-
Settlements		-
Ending Balance at December 31, 2020	$	83,768
Transfer into level 3		-
Transfer out of level 3		-
Total gains (losses) included in net income		-
Total gains (losses) included in surplus		30
Purchases		-
Issuances		-
Sales		(7,452	)
Settlements		-
Ending Balance at December 31, 2021	$	76,346

⁽¹⁾ Certain information for 2020 has been revised to accurately include the $4,548 of purchases within the purchases row and to conform to current period presentation. This amount was inadvertently included within the sales row in the prior period.

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

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

45

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

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

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

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

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

46

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

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

	2021										Not Practicable		Net Asset Value
	Fair		Admitted								Carrying		(NAV)
	Value		Value		Level 1		Level 2		Level 3		Value
Assets
Bonds	$	13,712,472	$	12,811,094	$	58,810	$	12,767,789	$	885,873	$	-	$	-
Preferred stocks		2,130		2,000		-		2,130		-		-		-
Common stocks		79,467		79,443		24		-		79,443		-		-
Mortgage loans		2,466,406		2,479,820		-		-		2,466,406		-		-
Cash & cash equivalents		72,329		72,329		72,329		-		-		-		-
Contract loans		-		489,729		-		-		-		489,729		-
Derivatives		63,620		63,620		-		63,620		-		-		-
Other invested assets		370,888		370,888		-		87,003		283,885		-		-
Securities lending reinvested collateral assets		610,295		610,406		97,190		513,105		-		-		-
Corporate owned life insurance		496,481		496,481		-		496,481		-		-		-
Employee and agent trust		347		347		-		347		-		-		-
Separate account assets		21,110,020		21,110,020		21,110,020		-		-		-		-
Liabilities
Derivatives		45,266		47,217		-		45,266		-		-		-
Payable for securities lending		610,295		610,406		97,190		513,105		-		-		-
Funding agreements		1,361,341		1,351,505		-		-		1,361,341		-		-

	2020										Not Practicable		Net Asset Value
	Fair		Admitted								Carrying		(NAV)
	Value		Value		Level 1		Level 2		Level 3		Value
Assets
Bonds	$	13,491,379	$	12,168,892	$	381,739	$	12,475,252	$	634,388	$	-	$	-
Preferred stocks		2,220		2,000		-		2,220		-		-		-
Common stocks		88,859		88,859		16		-		88,843		-		-
Mortgage loans		2,459,361		2,408,067		-		-		2,459,361		-		-
Cash & cash equivalents		200,906		200,906		200,906		-		-		-		-
Contract loans		-		441,012		-		-		-		441,012		-
Derivatives		100,971		100,790		-		100,971		-		-		-
Other invested assets		271,412		256,735		-		85,716		185,696		-		-
Securities lending reinvested collateral assets		657,438		657,363		118,209		539,229		-		-		-
Corporate owned life insurance		389,549		389,549		-		389,549		-		-		-
Employee and agent trust (1)		385		385		-		385		-		-		-
Separate account assets		18,670,021		18,670,021		18,670,021		-		-		-		-
Liabilities
Derivatives		69,800		69,800		-		69,800		-		-		-
Payable for securities lending		657,438		657,363		118,208		539,230		-		-		-
Funding agreements		1,734,761		1,702,414		-		-		1,734,761		-		-

⁽¹⁾ Certain information for 2020 has been revised to accurately disclose the Employee and agent trust amount as $385 rather than $384,950 and to conform to current period presentation. This actual balance in the trust was included in the 2020 disclosure instead of being adjusted to thousands.

47

American United Life Insurance Company

Notes to Statutory Financial Statements, continued

Years Ended December 31, 2021 and 2020

(Dollars in tables in thousands)

18.  Subsequent Events and Other Items

On March 8, 2022, the Company entered into an agreement with Commonwealth Annuity and Life Insurance Company to cede a block of in-force and new individual annuities and group annuities with general account statutory reserves of $2,464.3 million through 100% indemnity coinsurance and separate account statutory reserves of $829.3 million through 100% indemnity modified coinsurance.  The treaty has an effective date of January 1, 2022.  The Company transferred assets to the reinsurer of $2,495.8 million, which is net of a ceding commission of $19 million paid to the Company from the reinsurer, subject to a customary post-close adjustment.  The reinsurer has established and will maintain a trust account holding qualified assets for the benefit of the Company to secure its obligations under the coinsurance agreement. 

Management has evaluated the impact of all subsequent events through April 6, 2022, the date the financial statements were available to be issued and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements.

48

Supplemental Schedules

49

American United Life Insurance Company

Supplemental Schedule of Assets and Liabilities

As of and for the Year Ended December 31, 2021

(In thousands)

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

Investment income earned
Government bonds	$	27,708
Other bonds (unaffiliated)		456,127
Preferred stocks (unaffiliated)		69
Common stocks (unaffiliated)		2,478
Common Stocks (affiliated)		6,000
Mortgage loans		101,555
Real estate		16,750
Premium notes, policy loans and liens		23,909
Cash and cash equivalents		2
Derivative Instruments		(1,427	)
Other invested assets		27,826
Aggregate write-ins for investment income		1,518
Gross investment income	$	662,515
Real estate owned—book value less encumbrances	$	89,838
Mortgage loans—book value
Residential mortgages	$	-
Commercial mortgages		2,479,820
Total mortgage loans	$	2,479,820
Mortgage loans by standing—book value
Good standing	$	2,479,820
Good standing with restructured terms		-
Interest overdue more than three months, not in foreclosure		-
Foreclosure in process		-
Total mortgage loans	$	2,479,820
Other long-term assets—statement value	$	370,888
Common stock of parent, subsidiary, and affiliates—book value	$	3,073
Bonds and short-term investments by class and maturity
Bonds by maturity—statement value
Due within one year or less	$	895,523
Over 1 year through 5 years		3,101,064
Over 5 years through 10 years		3,564,443
Over 10 years through 20 years		2,436,711
Over 20 years		2,758,381
No maturity date		54,972
Total by maturity	$	12,811,094
Bonds by class—statement value
Class 1	$	6,719,645
Class 2		5,490,839
Class 3		460,446
Class 4		122,233
Class 5		14,026
Class 6		3,905
Total by class	$	12,811,094
Total bonds publicly traded	$	6,965,923
Total bonds privately placed	$	5,845,171

This accompanying note is an integral part of these supplemental schedules

50

American United Life Insurance Company

Supplemental Schedule of Assets and Liabilities, continued

As of and for the Year Ended December 31, 2021

(In thousands)

Preferred stocks—statement value	$	2,000
Common stocks—market value	$	79,443
Short-term investments—book value	$	-
Derivatives - statement value, net	$	16,403
Cash (overdraft) on deposit	$	72,329
Life insurance in force, net of reinsurance
Ordinary	$	70,796,786
Credit life	$	455
Group life	$	60,515,068
Amount of accidental death insurance in force under ordinary policies	$	18,927
Life insurance policies with disability provisions in force
Ordinary	$	9,949,868
Group life	$	36,595,091
Supplementary contracts
Ordinary—not involving life contingencies
Amount on deposit	$	24,067
Income payable	$	198
Ordinary—involving life contingencies
Income payable	$	191
Group—not involving life contingencies
Amount on deposit	$	-
Annuities
Ordinary
Immediate—amount of income payable	$	31,210
Deferred—fully paid account balance	$	9
Deferred—not fully paid account balance	$	1,217,660
Group
Amount of income payable	$	177,653
Fully paid account balance	$	708,407
Not fully paid account balance	$	4,685,302
Accident and health insurance—premiums in force
Ordinary	$	48,998
Group	$	165,567
Credit	$	-

This accompanying note is an integral part of these supplemental schedules

51

American United Life Insurance Company

Supplemental Schedule of Assets and Liabilities, continued

As of and for the Year Ended December 31, 2021

(In thousands)

Deposit funds and dividend accumulations
Deposit funds—account balance	$	9,954
Dividend accumulations—account balance	$	46,059
Claim payments (by accident year)
Group accident and health
2021	$	49,619
2020	$	41,956
2019	$	9,421
2018	$	2,392
2017	$	1,860
Prior	$	10,454
Other accident and health
2021	$	-
2020	$	-
2019	$	-
2018	$	-
2017	$	-
Prior	$	-
Other coverages that use developmental methods to calculate claims reserves
2021	$	-
2020	$	-
2019	$	-
2018	$	-
2017	$	-
Prior	$	-

This accompanying note is an integral part of these supplemental schedules 

52

American United Life Insurance Company

Summary Investment Schedule

As of and for the Year Ended December 31, 2021

(In thousands)

The Company’s gross investment holdings as filed in the 2021 Annual Statement are $17,069.2 million.

					Admitted Assets as Reported
		Gross Investment Holdings				in the Annual Statement
		Amount	Percentage of Column 1 Line 13			Amount		Securities Lending Reinvested Collateral Amount		Total (Col 3+4) Amount	Percentage of Column 5 Line 13
Investment categories
1.     Long term Bonds (Schedule D, Part 1):
1.01     U.S. Governments	$	630,588	3.694	%	$	630,588		-	$	630,588	3.694	%
1.02     All Other Governments		121,071	0.709	%		121,071		-		121,071	0.709	%
1.03     U.S.  States, Territories and Possessions etc, Guaranteed		19,905	0.117	%		19,905		-		19,905	0.117	%
1.04     U.S. Political Subdivisions of States, Territories and Possessions, Guaranteed		2,282	0.013	%		2,282		-		2,282	0.013	%
1.05     U.S. Special Revenue & Special Assessment Obligations, etc, Non-Guaranteed		496,384	2.908	%		496,384		-		496,384	2.908	%
1.06     Industrial and Miscellaneous		11,434,374	66.99	%		11,434,374		105,251		11,539,625	67.61	%
1.07     Hybrid Securities		51,519	0.302	%		51,519		-		51,519	0.302	%
1.08     Parent, Subsidiaries and Affiliates		-	0.000	%		-		-		-	0.000	%
1.09     SVO Identified Funds		54,971	0.322	%		54,971		-		54,971	0.322	%
1.10     Bank Loans		-	0.000	%		-		-		-	0.000	%
1.11     Total Long-Term Bonds		12,811,094	75.050	%		12,811,094		105,251		12,916,345	75.671	%
2.     Preferred Stocks (Schedule D, Part 2, Sections 1):
2.01    Industrial and Misc. (Unaffiliated)		2,000	0.012	%		2,000		-		2,000	0.012	%
2.02    Parent, Subsidiaries and Affiliates		-	0.000	%		-		-		-	0.000	%
2.03    Total Preferred Stocks		2,000	0.012	%		2,000		-		2,000	0.012	%
3.     Common Stocks (Schedule D, Part 2, Sections 2):
3.01     Industrial and Misc. (Unaffiliated)  Publicly Traded		24	0.000	%		24		-		24	0.000	%
3.02     Industrial and Misc. (Unaffiliated)  Other		76,346	0.447	%		76,346		-		76,346	0.447	%
3.03     Parent, Subsidiaries and Affiliates Publicly Traded		3,073	0.018	%		3,073		-		3,073	0.018	%
3.04     Parent, Subsidiaries and Affiliates Other		-	0.000	%		-		-		-	0.000	%
3.05     Mutual Funds		-	0.000	%		-		-		-	0.000	%
3.06     Total Common Stocks		79,443	0.465	%		79,443		-		79,443	0.465	%
4.      Mortgage Loans (Schedule B):								-
4.01     Farm Mortgages		-	0.000	%		-		-		-	0.000	%
4.02     Residential Mortgages		-	0.000	%		-		-		-	0.000	%
4.03     Commercial Mortgages		2,479,820	14.527	%		2,479,820		-		2,479,820	14.528	%
4.04     Mezzanine Real Estate Loans		-	0.000	%		-		-		-	0.000	%
4.05     Total Mortgage Loans		2,479,820	14.527	%		2,479,820		-		2,479,820	14.528	%
5.      Real estate (Schedule A):
5.01     Properties Occupied by Company		75,238	0.441	%		75,238		-		75,238	0.441	%
5.02     Properties Held for Production of Income		14,600	0.086	%		14,600		-		14,600	0.086	%
5.03     Properties Held for Sale		-	0.000	%		-		-		-	0.000	%
5.04     Total Real Estate		89,838	0.526	%		89,838		-		89,838	0.526	%
6.      Cash, cash equivalents, and short term investments:
6.01    Cash (Schedule E, Part 1)		72,329	0.424	%		72,329		228,638		300,967	1.763	%
6.02    Cash Equivalents, (Schedule E, Part 2)		-	0.000	%		-		97,155		97,155	0.569	%
6.03    Short-Term Investments (Schedule DA)		-	0.000	%		-		179,362		179,362	1.051	%
6.04    Total Cash, Cash Equivalents, and Short Term Investments		72,329	0.424	%		72,329		505,155		577,484	3.383	%
7.      Contract Loans		489,729	2.869	%		489,729		-		489,729	2.869	%
8.      Derivatives (Schedule DB)		63,620	0.373	%		63,620		-		63,620	0.373	%
9.      Other Invested Assets (Schedule BA)		371,751	2.178	%		370,889		-		370,889	2.173	%
10.    Receivables for Securities		-	0.000	%		-		-		-	0.000	%
11.    Securities Lending (Schedule DL, Part 1)		610,406	3.576	%		610,406		xxx		xxx	xxx
12.    Aggregate Write-ins for Invested Assets		-	0.000	%		-		-		-	0.000	%
13.    Total Invested Assets	$	17,070,029	100.00	%	$	17,069,167	$	610,406	$	17,069,167	100.00	%

53

American United Life Insurance Company

Supplemental Investment Risk Interrogatories

As of and for the Year Ended December 31, 2021

(In thousands) 

1. State the reporting entity’s total admitted assets as reported on its annual statement: $17,938.1 million

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

				Percentage of Total
Investment Category		Amount		Admitted Assets
2.01	FEDERAL HOME LOAN BANKS	$	75,038	0.4%
2.02	AMERICAN WATER WORKS COMPANY INC		71,067	0.4%
2.03	STANLEY BLACK & DECKER INC		64,122	0.4%
2.04	NORTHROP GRUMMAN CORP		55,358	0.3%
2.05	AP ARISTOTLE HOLDINGS LLC		53,998	0.3%
2.06	LOCKHEED MARTIN CORPORATION		50,891	0.3%
2.07	KONINKLIJKE PHILIPS NV		48,997	0.3%
2.08	RAYTHEON TECHNOLOGIES CORPORATION		47,909	0.3%
2.09	BANK OF AMERICA CORP		47,336	0.3%
2.10	ALLIANT ENERGY CORP		45,883	0.3%

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

			Percentage of Total						Percentage of Total
			Admitted		Preferred				Admitted
Bonds	Amount		Assets		Stocks		Amount		Assets
3.01 NAIC – 1	$	6,719,645		37.5%		P/RP – 1	$	-		0.0%
3.02 NAIC – 2		5,490,839		30.6%		P/RP – 2		2,000		0.0%
3.03 NAIC – 3		460,446		2.6%		P/RP – 3		-		0.0%
3.04 NAIC – 4		122,233		0.7%		P/RP – 4		-		0.0%
3.05 NAIC – 5		14,025		0.1%		P/RP – 5		-		0.0%
3.06 NAIC – 6		3,906		0.0%		P/RP – 6		-		0.0%

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

Are assets held in foreign investments less than 2.5% of the reporting entity’s total admitted assets? Yes [ ] No [X]

4.01	Total admitted assets held in foreign investments	$	2,298,862	12.8%
4.02	Foreign-currency-denominated investments	70,853		0.4%
4.03	Insurance liabilities denominated in that same foreign currency	-		0.0%

54

American United Life Insurance Company

Supplemental Investment Risk Interrogatories, continued

As of and for the Year Ended December 31, 2021

(In thousands)

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

				Percentage of Total
		Amount		Admitted Assets
5.01	Countries rated NAIC-1	$	2,164,368	12.1%
5.02	Countries rated NAIC-2	108,336		0.6%
5.03	Countries rated NAIC-3 or below	26,158		0.1%

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

					Percentage of Total
			Amount		Admitted Assets
	Countries rated NAIC-1
6.01	Country:	Cayman Islands	$	805,205	4.5%
6.02	Country:	Australia	466,562		2.6%
	Countries rated NAIC-2
6.03	Country:	Mexico	$	62,780	0.3%
6.04	Country:	Indonesia	11,754		0.1%
	Countries rated NAIC-3 or below
6.05	Country:	Marshall Islands	$	12,000	0.1%
6.06	Country:	Columbia	4,835		0.0%

					Percentage of Total
			Amount		Admitted Assets
7.  Aggregate unhedged foreign currency exposure			$	-	0.0%
8.  Aggregate unhedged foreign currency exposure categorized by NAIC sovereign rating:
	8.01	Countries rated NAIC-1	$	-	0.0%
	8.02	Countries rated NAIC-2	-		0.0%
	8.03	Countries rated NAIC-3 or below	-		0.0%

9.  Largest unhedged foreign currency exposures by country, categorized by the country's NAIC sovereign rating:
	9.01	Country:	$	-	0.0%
	9.02	Country:	-		0.0%

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

				Percentage of Total
		Amount		Admitted Assets
10.01	KONINKLIJKE PHILIPS ELECTRONICS NV	$	48,997	0.3%
10.02	SIEMENS AG	44,790		0.2%
10.03	CRH PLC	42,309		0.2%
10.04	INVESCO LTD	34,113		0.2%
10.05	KEMBLE WATER HOLDINGS LTD	33,106		0.2%
10.06	ROYAL DUTCH SHELL PLC	31,437		0.2%
10.07	CENTERBRIDGE CREDIT FUNDING CBCF_21-1A	29,750		0.2%
10.08	CSL LTD	28,481		0.2%
10.09	BAE SYSTEMS PLC	27,714		0.2%
10.10	FORT WASHINGTON CLO 2019-1 FWIA_19-1A	25,000		0.1%

This accompanying note is an integral part of these supplemental schedules

55

American United Life Insurance Company

Supplemental Investment Risk Interrogatories, continued

As of and for the Year Ended December 31, 2021

(In thousands)

11. Amounts and percentages of the reporting entity’s total admitted assets held in Canadian investments and unhedged Canadian currency exposure:

Are assets held in foreign investments less than 2.5% of the reporting entity’s total admitted assets? Yes [ X ] No [ ]

11.01	Total admitted assets held in Canadian investments	$	-	0.0%
11.02	Canadian-currency denominated investments	-		0.0%
11.03	Canadian-denominated insurance liabilities	-		0.0%
11.04	Unhedged Canadian currency exposure	-		0.0%

Line is not applicable because the Company does not have contractual sales restrictions.

Line is not applicable because the Company’s equity securities are less than 2.5% of admitted assets.

Line 14.01-14.05 is not applicable because the Company’s nonaffiliated, privately placed equities is less than 2.5% of admitted assets.

List 10 largest fund managers:

	Ten largest fund managers:
	Fund Manager	Total Invested	Diversified	Nondiversified
14.06	Madison Capital	$  95,059	$           95,059	$                    -
14.07	Maranon SRF	62,447	62,447	-
14.08	iShares	54,971	54,971	-
14.09	Pinebridge	27,508	27,508	-
14.10	Neuberger Berman	23,487	23,487	-
14.11	Barings	22,946	22,946	-
14.12	CVC	21,992	21,992	-
14.13	PIMCO	19,715	19,715	-
14.14	HGGC	19,581	19,581	-
14.15	Blackstone	17,776	17,776	-

15. Is not applicable because the Company’s general partnership interests are less than 2.5% of admitted assets.

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

Are mortgage loans reported in Schedule B less than 2.5 percent of the reporting entity’s total admitted assets? Yes [ ] No[X]

This accompanying note is an integral part of these supplemental schedules

56

American United Life Insurance Company

Supplemental Investment Risk Interrogatories, continued

As of and for the Year Ended December 31, 2021

(In thousands)

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

				Percentage of Total
Type (Residential, Commercial, Agricultural)		Amount		Admitted Assets
16.02	Commerical	$	33,000	0.2%
16.03	Commerical	28,057		0.2%
16.04	Commerical	27,443		0.2%
16.05	Commerical	26,000		0.1%
16.06	Commerical	24,616		0.1%
16.07	Commerical	23,500		0.1%
16.08	Commerical	22,373		0.1%
16.09	Commerical	22,169		0.1%
16.10	Commerical	21,823		0.1%
16.11	Commerical	21,608		0.1%

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

				Percentage of Total
		Amount		Admitted Assets
16.12	Construction loans	$	-	0.0%
16.13	Mortgage loans over 90 days past due	-		0.0%
16.14	Mortgage loans in the process of foreclosure	-		0.0%
16.15	Mortgage loans foreclosed	-		0.0%
16.16	Restructured mortgage loans	-		0.0%

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

	Residential			Commercial			Agricultural
			Percentage of Total			Percentage of Total			Percentage of Total
Loan-to Value	Amount		Admitted Assets	Amount		Admitted Assets	Amount		Admitted Assets
17.01 above 95%	$	-	0.0%	$	-	0.0%	$	-	0.0%
17.02 91% to 95%	-		0.0%	-		0.0%	-		0.0%
17.03 81% to 90%	-		0.0%	-		0.0%	-		0.0%
17.04 71% to 80%	-		0.0%	-		0.0%	-		0.0%
17.05 below 70%	-		0.0%	2,479,820		13.8%	-		0.0%

Line 18 is not applicable because the Company’s investments held in real estate are less than 2.5% of admitted assets.

This accompanying note is an integral part of these supplemental schedules

57

American United Life Insurance Company

Supplemental Investment Risk Interrogatories, continued

As of and for the Year Ended December 31, 2021

(In thousands)  

Line 19 is not applicable because the Company’s investments held in mezzanine real estate loans are less than 2.5% of admitted assets.

Line 20 Securities lending or repurchase agreements.

	At Year-End
	Percentage of Total			At End of Each Quarter
			Admitted	1st Qtr		2nd Qtr		3rd Qtr
	Amount		Asset	Amount		Amount		Amount
				(unaudited)		(unaudited)		(unaudited)
Securities lending (do not include assets
held as collateral for such transactions)	$	6,843,941	38.2%	$	6,373,385	$	6,299,779	$	6,807,342
Repurchase agreements	-		0.0%	-		-		-
Reverse repurchase agreements	-		0.0%	-		-		-
Dollar repurchase agreements	-		0.0%	-		-		-
Dollar reverse repurchase agreements	-		0.0%	-		-		-

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

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

	At Year-End
	Percentage of Total			At End of Each Quarter
			Admitted	1st Qtr		2nd Qtr		3rd Qtr
	Amount		Asset	Amount		Amount		Amount
				(unaudited)		(unaudited)		(unaudited)
Hedging	$	-	0.0%	$	-	$	-	$	-
Income generation	-		0.0%	-		-		-
Replications	-		0.0%	-		-		-
Other	-		0.0%	-		-		-

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

	At Year-End
	Percentage of Total			At End of Each Quarter
			Admitted	1st Qtr		2nd Qtr		3rd Qtr
	Amount		Asset	Amount		Amount		Amount
				(unaudited)		(unaudited)		(unaudited)
Hedging	$	-	0.0%	$	-	$	-	$	-
Income generation	-		0.0%	-		-		-
Replications	-		0.0%	-		-		-
Other	-		0.0%	-		-		-

This accompanying note is an integral part of these supplemental schedules

58

American United Life Insurance Company

Supplemental Schedule of Reinsurance Disclosures

For the Year Ended December 31, 2021

(In thousands)

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

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

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

Yes ¨ No x

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

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

Yes ¨ No ¨ N/A x

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

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

Yes ¨ No x

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

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

Yes ¨ No ¨ N/A x

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

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

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

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

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

Yes ¨ No x

59

American United Life Insurance Company

Supplemental Schedule of Reinsurance Disclosures, continued

For the Year Ended December 31, 2021

(In thousands)

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

Type of contract:	Response:	Identify reinsurance contract(s):	Has the insured event(s) triggering contract coverage been recognized?
Assumption reinsurance –   new for the reporting period1	Yes ¨ No x		N/A
Non-proportional reinsurance, which does not result in significant surplus relief	Yes ¨ No x		Yes ¨ No ¨ N/A x

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

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

Yes ¨ No ¨ N/A x

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

Yes ¨ No ¨ N/A x

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

This accompanying note is an integral part of these supplemental schedules

60

American United Life Insurance Company

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

For the Year Ended December 31, 2021

(In thousands)

Basis of Presentation

The accompanying schedules and interrogatories present selected financial data as of December 31, 2021 and for the year then ended for purposes of complying with paragraph 9 of the Annual Audited Financial Reports in the General section of the National Association of Insurance Commissioners’ Annual Statement Instructions and agree to or are included in the amounts reported in the Company’s 2021 Statutory Annual Statement as filed with the IDOI.

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

61

Report of Independent Registered Public Accounting Firm

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

Opinions on the Financial Statements

We have audited the accompanying statements of net assets of each of the subaccounts of AUL American Individual Variable Life Unit Trust indicated in the table below as of December 31, 2021, and the related statements of operations and of changes in net assets and financial highlights for each of the periods indicated in the table below, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the subaccounts of AUL American Individual Variable Life Unit Trust as of December 31, 2021, and the results of each of their operations and the changes in each of their net assets for the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

AB VPS International Growth Portfolio A Class - 02-376 (1)	Goldman Sachs VIT Government Money Market Fund Service Class - 02-CGK (1)
AB VPS International Value Portfolio A Class - 02-377 (1)	Invesco V.I. Core Equity Fund Series II Class - 02-826 (1)
AB VPS Small Mid Cap Value Portfolio A Class - 02-378 (1)	Invesco V.I. Diversified Dividend Fund Series I Class - 02-861 (1)
Alger Large Cap Growth Portfolio I-2 Class - 02-500 (1)	Invesco V.I. Global Real Estate Fund Series I Class - 02-825 (1)
Alger Small Cap Growth Portfolio I-2 Class - 02-515 (1)	Invesco V.I. Health Care Fund Series I Class - 02-815 (1)
American Century VP Capital Appreciation Fund I Class - 02-410 (1)	Invesco V.I. High Yield Fund Series I Class - 02-830 (1)
American Century VP Income & Growth Fund I Class - 02-425 (1)	Invesco V.I. International Growth Fund Series II Class - 02-827 (1)
American Century VP International Fund I Class - 02-420 (1)	Janus Henderson Balanced Portfolio Service Class - 02-611 (1)
American Century VP Mid Cap Value Fund II Class - 02-397 (1)	Janus Henderson Flexible Bond Portfolio Institutional Class - 02-607 (1)
American Century VP Ultra Fund I Class - 02-122 (1)	Janus Henderson Forty Portfolio Institutional Class - 02-602 (1)
BNY Mellon Investment Portfolios, Small Cap Stock Index Port Ser Class - 02-646 (1)	Janus Henderson Global Research Portfolio Institutional Class - 02-606 (1)
BNY Mellon Investment Portfolios, Technology Growth Port Service Class - 02-650 (1)	Janus Henderson Mid Cap Value Portfolio Service Class - 02-259 (1)
BNY Mellon Variable Investment Fund, Appreciation Portfolio Service Cl - 02-645 (1)	Janus Henderson Overseas Portfolio Service Class - 02-609 (1)
Calvert VP SRI Mid Cap Growth Portfolio - 02-520 (1)	Neuberger Berman AMT Mid Cap Growth Portfolio Service Class - 02-866 (1)

Columbia Variable Portfolio-Small Cap Value Fund 1 Class - 02-382 (1)	Neuberger Berman Mid Cap Intrinsic Value Portfolio I Class - 02-870 (1)
Columbia Variable Portfolio-US Government Mortgage Fund 1 Class - 02-384 (1)	Neuberger Berman Short Duration Bond Portfolio I Class - 02-875 (1)
Fidelity VIP Asset Manager Portfolio Initial Class - 02-230 (1)	Pioneer Bond VCT Portfolio I Class - 02-CPG (1)
Fidelity VIP Contrafund Portfolio Initial Class - 02-245 (1)	Pioneer Equity Income VCT Portfolio I Class - 02-CPF (1)
Fidelity VIP Equity-Income Portfolio Initial Class - 02-205 (1)	Pioneer Equity Income VCT Portfolio II Class - 02-598 (1)
Fidelity VIP Freedom 2005 Portfolio Initial Class - 02-163 (1)	Pioneer Fund VCT Portfolio I Class - 02-596 (1)
Fidelity VIP Freedom 2010 Portfolio Initial Class - 02-162 (1)	Pioneer Select Mid Cap Growth VCT Portfolio I Class - 02-597 (1)
Fidelity VIP Freedom 2015 Portfolio Initial Class - 02-161 (1)	Royce Capital Small-Cap Portfolio Investor Class - 02-750 (1)
Fidelity VIP Freedom 2020 Portfolio Initial Class - 02-159 (1)	T. Rowe Price Blue Chip Growth Portfolio - 02-124 (1)
Fidelity VIP Freedom 2025 Portfolio Initial Class - 02-158 (1)	T. Rowe Price Equity Income Portfolio - 02-580 (1)
Fidelity VIP Freedom 2030 Portfolio Initial Class - 02-157 (1)	T. Rowe Price Limited-Term Bond Portfolio - 02-585 (1)
Fidelity VIP Freedom Income Portfolio Initial Class - 02-164 (1)	T. Rowe Price Mid-Cap Growth Portfolio - 02-586 (1)
Fidelity VIP Government Money Market Portfolio Initial Class - 02-250 (1)	Templeton Foreign VIP Fund 2 Class - 02-909 (1)
Fidelity VIP Growth Portfolio Initial Class - 02-210 (1)	Templeton Global Bond VIP Fund 1 Class - 02-907 (1)
Fidelity VIP High Income Portfolio Initial Class - 02-215 (1)	Timothy Plan Conservative Growth Variable - 02-126 (1)
Fidelity VIP Index 500 Portfolio Initial Class - 02-225 (1)	Timothy Plan Strategic Growth Variable - 02-127 (1)
Fidelity VIP Mid Cap Portfolio Service 2 Class - 02-941 (1)	Vanguard VIF Diversified Value Portfolio - 02-190 (1)
Fidelity VIP Overseas Portfolio Initial Class - 02-220 (1)	Vanguard VIF Mid-Cap Index Portfolio - 02-118 (1)
Franklin Allocation VIP Fund 1 Class - 02-908 (1)	Vanguard VIF Small Company Growth Portfolio - 02-119 (1)
Franklin Small Cap Value VIP Fund 1 Class - 02-906 (1)	Vanguard VIF Total Bond Market Index Portfolio - 02-121 (1)

(1) Statement of net assets as of December 31, 2021, statement of operations for the year ended December 31, 2021, statements of changes in net assets for the years ended December 31, 2021 and 2020, and financial highlights for the years or periods ended December 31, 2021, 2020, 2019, 2018, and 2017

2

Basis for Opinions

These financial statements are the responsibility of the American United Life Insurance Company’s management.  Our responsibility is to express an opinion on the financial statements of each of the subaccounts of AUL American Individual Variable Life Unit Trust based on our audits.  We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to each of the subaccounts of AUL American Individual Variable Life Unit Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB.  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements.  Our procedures included confirmation of investments owned as of December 31, 2021 by correspondence with the transfer agents of the investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Indianapolis, Indiana

April 22, 2022

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

3

No dealer, salesman or any other person is authorized by the AUL American Individual Variable Life Unit Trust or by AUL to give any information or to make any representation other than as contained in this Statement of Additional Information in connection with the offering described herein.

AUL has filed a Registration Statement with the Securities and Exchange Commission, Washington, D.C.  For further information regarding the AUL American Individual Variable Life Unit Trust, AUL and its variable products, please reference the Registration statement and the exhibits filed with it or incorporated into it. All contracts referred to in this prospectus are also included in that filing.

The products described herein are not insured by the Federal Deposit Insurance Corporation; are not deposits or other obligations of the financial institution and are not guaranteed by the financial institution; and are subject to investment risks, including possible loss of the principal invested.

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

Sold By

AMERICAN UNITED

LIFE INSURANCE COMPANY®

One American Square, P.O. Box 368

Indianapolis, Indiana 46206-0368

www.oneamerica.com

STATEMENT OF ADDITIONAL INFORMATION

Dated: May 1, 2022