Variable Annuity-1 Series Account

Financial Statements

Year Ended December 31, 2024

(With Report of Independent Registered Public Accounting Firm Thereon)

Report of Independent Registered Public Accounting Firm

To the Contract Owners of Variable Annuity-1 Series Account and Those Charged with Governance of Variable Annuity-1 Series Account of Empower Annuity Insurance Company of America:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in Appendix A that comprise Variable Annuity-1 Series Account (the Separate Account) as of December 31, 2024, the related statements of operations for the year or period then ended, the statements of changes in net assets for each of the years or periods in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights for each of the years or periods in the four-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Separate Account as of December 31, 2024, the results of its operations for the year or period then ended, the changes in its net assets for each of the years or periods in the two-year period then ended, and the financial highlights for each of the years or periods in the four-year period then ended, in conformity with U.S. generally accepted accounting principles. The financial highlights for the year ended December 31, 2020 were audited by other independent registered public accountants whose report, dated May 10, 2021, expressed an unqualified opinion on those financial highlights.

Basis for Opinion

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights 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 and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2024, by correspondence with the underlying mutual funds or their transfer agents; when replies were not received, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more Empower Annuity Insurance Company of America Separate Accounts since 2021.

Birmingham, Alabama
April 11, 2025

Appendix A

The subaccounts that comprise Variable Annuity-1 Series Account were audited according to varying periods as defined in the table below:

Subaccount	Statement of Assets and Liabilities	Statement of Operations	Statements of Changes in Net Assets
AB VPS Discovery Value Portfolio, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
AB VPS International Value Portfolio, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
AB VPS Large Cap Growth Portfolio, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
AB VPS Relative Value Portfolio, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
AB VPS Sustainable International Thematic Portfolio, Class A	Not Applicable	For the period from January 1, 2024 to April 12, 2024 (cessation of operations)	For the year ended December 31, 2023 and the period from January 1, 2024 to April 12, 2024 (cessation of operations)
Alger Balanced Portfolio, Class I-2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Alger Capital Appreciation Portfolio, Class I-2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Alger Large Cap Growth Portfolio, Class I-2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Alger Mid Cap Growth Portfolio, Class I-2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Allspring VT Discovery All Cap Growth Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Allspring VT Discovery SMID Cap Growth Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Allspring VT Opportunity Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
ALPS Global Opportunity Portfolio, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
American Funds IS Capital World Bond Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
American Funds IS Global Growth Fund, Class 1	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
American Funds IS Global Small Capitalization Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
American Funds IS Growth-Income Fund, Class 4	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
American Funds IS International Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

American Funds IS New World Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
American Funds IS The Bond Fund of America, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
BlackRock Global Allocation V.I. Fund, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
BNY Mellon IP MidCap Stock Portfolio, Initial Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
BNY Mellon VIF Appreciation Portfolio, Initial Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
BNY Mellon VIF Growth and Income Portfolio, Initial Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
BNY Mellon VIF Opportunistic Small Cap Portfolio, Initial Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
ClearBridge Variable Large Cap Growth Portfolio, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
ClearBridge Variable Mid Cap Portfolio, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

ClearBridge Variable Small Cap Growth Portfolio, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Columbia VP Emerging Markets Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Columbia VP Large Cap Growth Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Columbia VP Seligman Global Technology Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Columbia VP Small Cap Value Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Delaware VIP International Series, Standard Class	Not Applicable	For the period from January 1, 2024 to April 26, 2024 (cessation of operations)	For the year ended December 31, 2023 and the period from January 1, 2024 to April 26, 2024 (cessation of operations)
Dimensional VA US Targeted Value Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
DWS Capital Growth VIP, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
DWS Core Equity VIP, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
DWS CROCI U.S. VIP, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

DWS Global Small Cap VIP, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
DWS Small Cap Index VIP, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
DWS Small Mid Cap Growth VIP, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
DWS Small Mid Cap Value VIP, Class A	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Aggressive Profile Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Ariel Mid Cap Value Fund, Investor Class	Not Applicable	For the period from January 1, 2024 to October 25, 2024 (cessation of operations)	For the year ended December 31, 2023 and the period from January 1, 2024 to October 25, 2024 (cessation of operations)
Empower Bond Index Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Conservative Profile Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower International Index Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower International Value Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Empower Lifetime 2015 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Lifetime 2020 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Lifetime 2025 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Lifetime 2030 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Lifetime 2035 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Lifetime 2040 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Lifetime 2045 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Lifetime 2050 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Lifetime 2055 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Lifetime 2060 Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Empower Mid Cap Value Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Moderate Profile Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Moderately Aggressive Profile Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Moderately Conservative Profile Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Multi-Sector Bond Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Real Estate Index Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower SecureFoundation Balanced Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower Small Cap Value Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Empower T. Rowe Price Mid Cap Growth Fund, Investor Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Federated Hermes Fund for U.S. Government Securities II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Federated Hermes Managed Volatility Fund II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Franklin Small Cap Value VIP Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco Oppenheimer V.I. International Growth Fund, Series I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco V.I. Comstock Fund, Series I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco V.I. Core Equity Fund, Series I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco V.I. EQV International Equity Fund, Series I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco V.I. Global Fund, Series I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco V.I. Growth and Income Fund, Series I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco V.I. High Yield Fund, Series I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Invesco V.I. Main Street Mid Cap Fund	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco V.I. Main Street Small Cap Fund	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco V.I. Small Cap Equity Fund, Series I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Invesco V.I. Technology Fund, Series I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Janus Henderson Balanced Fund, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Janus Henderson Flexible Bond Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Janus Henderson Flexible Bond Portfolio, Service Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Janus Henderson Global Research Fund, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Janus Henderson Overseas Fund, Class S	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Janus Henderson Overseas Portfolio, Institutional Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Janus Henderson Research Portfolio, Institutional Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Janus Henderson VIT Balanced Portfolio, Service Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Janus Henderson VIT Global Technology and Innovation Portfolio, Institutional Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Lazard Retirement Emerging Markets Equity Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Lord Abbett Series Fund Short Duration Income Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
LVIP American Century Balanced Fund, Standard Class II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
LVIP American Century Disciplined Core Value Fund, Standard Class II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
LVIP American Century International Fund, Standard Class II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
LVIP American Century Mid Cap Value Fund, Service Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

LVIP American Century Value Fund, Standard Class II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
LVIP Baron Growth Opportunities Fund, Service Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
LVIP JPMorgan Core Bond Fund, Standard Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
LVIP JPMorgan Small Cap Core Fund, Standard Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
LVIP Macquarie SMID Cap Core Fund, Standard Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
LVIP Macquarie Value Fund, Standard Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Macquarie VIP Emerging Markets Series, Standard Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Macquarie VIP International Core Equity Series, Service Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Macquarie VIP International Core Equity Series, Standard Class	As of December 31, 2024	For the period from April 26, 2024 (commencement of operations) to December 31, 2024	For the period from April 26, 2024 (commencement of operations) to December 31, 2024
Macquarie VIP Small Cap Value Series, Standard Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

MFS Blended Research Small Cap Equity Portfolio, Initial Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
MFS Core Equity Portfolio, Service Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
MFS International Growth Portfolio, Initial Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
MFS International Intrinsic Value Portfolio, Service Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
MFS Mid Cap Value Portfolio, Initial Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
MFS Utilities Series, Service Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Morgan Stanley VIF U.S. Real Estate Portfolio, Class I	Not Applicable	For the period from January 1, 2024 to December 5, 2024 (cessation of operations)	For the year ended December 31, 2023 and the period from January 1, 2024 to December 5, 2024 (cessation of operations)
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio, Class S	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Neuberger Berman AMT Sustainable Equity Portfolio, Class S	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
NVIT Mid Cap Index Fund, Class II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

PIMCO Commodity RealReturn Strategy Portfolio, Admin Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
PIMCO Emerging Markets Bond Portfolio, Admin Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
PIMCO High Yield Portfolio, Admin Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
PIMCO Low Duration Portfolio, Admin Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
PIMCO Real Return Portfolio, Admin Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
PIMCO Total Return Portfolio, Admin Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Pioneer Bond VCT Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Pioneer Fund VCT Portfolio, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Pioneer Mid Cap Value VCT Portfolio, Class II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Pioneer Select Mid Cap Growth VCT Portfolio, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Prudential Series Fund Equity Portfolio, Class II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Prudential Series Fund Natural Resources Portfolio, Class II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Putnam VT Core Equity Fund, Class IA	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Putnam VT Global Asset Allocation Fund, Class IA	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Putnam VT Global Health Care Fund, Class IB	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Putnam VT Income Fund, Class IA	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Putnam VT International Equity Fund, Class IA	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Putnam VT International Value Fund, Class IA	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Putnam VT Large Cap Value Fund, Class IB	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Putnam VT Mortgage Securities Fund	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Putnam VT Small Cap Value Fund, Class IA	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Royce Capital Fund Small Cap Portfolio, Service Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Schwab Government Money Market Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Schwab S&P 500 Index Fund	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Schwab VIT Balanced Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Schwab VIT Balanced with Growth Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Schwab VIT Growth Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
T. Rowe Price Health Sciences Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
T. Rowe Price Health Sciences Portfolio, Class II	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Templeton Foreign VIP Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Templeton Global Bond VIP Fund, Class 2	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Third Avenue Value Fund	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Touchstone VST Bond Fund	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Touchstone VST Common Stock Fund	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Touchstone VST Common Stock Fund, Service Class	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Touchstone VST Small Company Fund	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
VanEck VIP Global Resources Fund	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
VanEck VIP Unconstrained Emerging Markets Bond Fund, Class I	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Vanguard VIF Capital Growth Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Vanguard VIF Diversified Value Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

Vanguard VIF Mid-Cap Index Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Vanguard VIF Real Estate Index Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024
Vanguard VIF Small Company Growth Portfolio	As of December 31, 2024	For the year then ended December 31, 2024	For each of the years in the two-year period then ended December 31, 2024

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	AB VPS Discovery Value Portfolio, Class A		AB VPS International Value Portfolio, Class A		AB VPS Large Cap Growth Portfolio, Class A		AB VPS Relative Value Portfolio, Class A		Alger Balanced Portfolio, Class I-2		Alger Capital Appreciation Portfolio, Class I-2		Alger Large Cap Growth Portfolio, Class I-2
ASSETS:
Investments at fair value ⁽¹⁾	$	3,673,287	$	1,178,976	$	21,470,247	$	11,962,955	$	1,138,642	$	7,331,860	$	40,329,637
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		72		23		3,033		5,798		21		5,709		1,017
Receivable from the Company		11,132		8,707		1,394		7,519		5,167		657		263,687
Total assets		3,684,491		1,187,706		21,474,674		11,976,272		1,143,830		7,338,226		40,594,341

LIABILITIES:
Payable to the Contracts		72		23		3,033		5,798		21		5,709		1,017
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		72		23		3,033		5,798		21		5,709		1,017

NET ASSETS	$	3,684,419	$	1,187,683	$	21,471,641	$	11,970,474	$	1,143,809	$	7,332,517	$	40,593,324

ANALYSIS OF NET ASSETS
Accumulation period	$	3,546,837	$	1,172,474	$	21,202,392	$	11,811,492	$	1,138,587	$	7,324,933	$	39,626,551
Annuity period		137,582		15,209		269,249		158,982		5,222		7,584		966,773
Total net assets	$	3,684,419	$	1,187,683	$	21,471,641	$	11,970,474	$	1,143,809	$	7,332,517	$	40,593,324

Fair value per share (NAV)	$	18.32	$	15.12	$	89.31	$	31.68	$	22.12	$	115.87	$	89.19
Shares outstanding in the Separate Account		200,507		77,975		240,401		377,619		51,476		63,277		452,177

⁽¹⁾ Investments in mutual fund shares, at cost	$	3,809,782	$	1,093,173	$	17,905,610	$	10,947,189	$	690,368	$	5,661,068	$	33,948,031

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
		Alger Mid Cap Growth Portfolio, Class I-2		Allspring VT Discovery All Cap Growth Fund, Class 2		Allspring VT Discovery SMID Cap Growth Fund, Class 2		Allspring VT Opportunity Fund, Class 2		ALPS Global Opportunity Portfolio, Class I		American Funds IS Capital World Bond Fund, Class 2		American Funds IS Global Growth Fund, Class 1
ASSETS:
Investments at fair value ⁽¹⁾	$	4,657,290	$	2,267,456	$	7,795,509	$	5,939,971	$	280,193	$	347,165	$	2,144,868
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		99		48		287		117		5		5		31
Receivable from the Company		2,230		-		36,177		40,418		-		-		-
Total assets		4,659,619		2,267,504		7,831,973		5,980,506		280,198		347,170		2,144,899

LIABILITIES:
Payable to the Contracts		99		48		287		117		5		5		31
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		358		-		-		-		-		-
Total liabilities		99		406		287		117		5		5		31

NET ASSETS	$	4,659,520	$	2,267,098	$	7,831,686	$	5,980,389	$	280,193	$	347,165	$	2,144,868

ANALYSIS OF NET ASSETS
Accumulation period	$	4,594,727	$	2,203,346	$	7,613,063	$	5,688,777	$	280,193	$	347,165	$	2,144,868
Annuity period		64,793		63,752		218,623		291,612		-		-		-
Total net assets	$	4,659,520	$	2,267,098	$	7,831,686	$	5,980,389	$	280,193	$	347,165	$	2,144,868

Fair value per share (NAV)	$	20.40	$	27.47	$	24.17	$	26.86	$	12.33	$	9.52	$	36.91
Shares outstanding in the Separate Account		228,298		82,543		322,528		221,146		22,724		36,467		58,111

⁽¹⁾ Investments in mutual fund shares, at cost	$	5,148,494	$	2,324,670	$	7,889,022	$	5,623,932	$	278,851	$	358,741	$	2,058,481

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	American Funds IS Global Small Capitalization Fund, Class 2		American Funds IS Growth-Income Fund, Class 4		American Funds IS International Fund, Class 2		American Funds IS New World Fund, Class 2		American Funds IS The Bond Fund of America, Class 2		BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III		BlackRock Global Allocation V.I. Fund, Class I
ASSETS:
Investments at fair value ⁽¹⁾	$	245,805	$	7,458,276	$	1,942,190	$	2,549,809	$	2,497,003	$	741,279	$	7,287,550
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		4		127		30		42		36		11		129
Receivable from the Company		-		-		-		-		-		-		251
Total assets		245,809		7,458,403		1,942,220		2,549,851		2,497,039		741,290		7,287,930

LIABILITIES:
Payable to the Contracts		4		127		30		42		36		11		129
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		4		127		30		42		36		11		129

NET ASSETS	$	245,805	$	7,458,276	$	1,942,190	$	2,549,809	$	2,497,003	$	741,279	$	7,287,801

ANALYSIS OF NET ASSETS
Accumulation period	$	245,805	$	7,458,276	$	1,942,190	$	2,549,809	$	2,497,003	$	741,279	$	7,264,532
Annuity period		-		-		-		-		-		-		23,269
Total net assets	$	245,805	$	7,458,276	$	1,942,190	$	2,549,809	$	2,497,003	$	741,279	$	7,287,801

Fair value per share (NAV)	$	17.05	$	67.14	$	17.75	$	26.33	$	9.12	$	13.53	$	16.48
Shares outstanding in the Separate Account		14,417		111,085		109,419		96,840		273,794		54,788		442,206

⁽¹⁾ Investments in mutual fund shares, at cost	$	271,145	$	6,161,456	$	2,149,519	$	2,505,573	$	2,587,470	$	738,370	$	7,623,967

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
		BNY Mellon IP MidCap Stock Portfolio, Initial Shares		BNY Mellon VIF Appreciation Portfolio, Initial Shares		BNY Mellon VIF Growth and Income Portfolio, Initial Shares		BNY Mellon VIF Opportunistic Small Cap Portfolio, Initial Shares		ClearBridge Variable Large Cap Growth Portfolio, Class I		ClearBridge Variable Mid Cap Portfolio, Class I		ClearBridge Variable Small Cap Growth Portfolio, Class I
ASSETS:
Investments at fair value ⁽¹⁾	$	3,111,020	$	9,507,727	$	6,455,574	$	267,268	$	1,619,325	$	337,296	$	1,796,874
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		57		411		131		5		28		73		153
Receivable from the Company		7,053		62,403		32,088		-		30,492		-		-
Total assets		3,118,130		9,570,541		6,487,793		267,273		1,649,845		337,369		1,797,027

LIABILITIES:
Payable to the Contracts		57		411		131		5		28		73		153
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		57		411		131		5		28		73		153

NET ASSETS	$	3,118,073	$	9,570,130	$	6,487,662	$	267,268	$	1,649,817	$	337,296	$	1,796,874

ANALYSIS OF NET ASSETS
Accumulation period	$	3,099,732	$	9,213,004	$	5,877,728	$	267,268	$	1,563,686	$	337,296	$	1,796,874
Annuity period		18,341		357,126		609,934		-		86,131		-		-
Total net assets	$	3,118,073	$	9,570,130	$	6,487,662	$	267,268	$	1,649,817	$	337,296	$	1,796,874

Fair value per share (NAV)	$	20.58	$	36.49	$	37.48	$	43.56	$	47.43	$	24.43	$	27.69
Shares outstanding in the Separate Account		151,167		260,557		172,240		6,135		34,141		13,807		64,893

⁽¹⁾ Investments in mutual fund shares, at cost	$	2,789,572	$	9,707,049	$	5,130,916	$	283,982	$	1,368,029	$	330,757	$	2,182,461

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Columbia VP Emerging Markets Fund, Class 2		Columbia VP Large Cap Growth Fund, Class 2		Columbia VP Seligman Global Technology Fund, Class 2		Columbia VP Small Cap Value Fund, Class 2		Dimensional VA US Targeted Value Portfolio		DWS Capital Growth VIP, Class A		DWS Core Equity VIP, Class A
ASSETS:
Investments at fair value ⁽¹⁾	$	246,729	$	8,386,200	$	22,713,609	$	1,792,008	$	2,595,939	$	34,679,869	$	15,024,714
Receivable from the Contracts		-		-		1,532		-		-		-		-
Receivable from the fund manager		4		158		-		3,104		36		859		300
Receivable from the Company		-		18,116		23,701		3,638		-		143,243		38,832
Total assets		246,733		8,404,474		22,738,842		1,798,750		2,595,975		34,823,971		15,063,846

LIABILITIES:
Payable to the Contracts		4		158		-		3,104		36		859		300
Payable to the fund manager		-		-		1,532		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		4		158		1,532		3,104		36		859		300

NET ASSETS	$	246,729	$	8,404,316	$	22,737,310	$	1,795,646	$	2,595,939	$	34,823,112	$	15,063,546

ANALYSIS OF NET ASSETS
Accumulation period	$	246,729	$	8,269,510	$	22,568,633	$	1,745,495	$	2,595,939	$	33,987,478	$	14,864,695
Annuity period		-		134,806		168,677		50,151		-		835,634		198,851
Total net assets	$	246,729	$	8,404,316	$	22,737,310	$	1,795,646	$	2,595,939	$	34,823,112	$	15,063,546

Fair value per share (NAV)	$	10.04	$	47.19	$	28.26	$	13.25	$	22.57	$	43.97	$	13.75
Shares outstanding in the Separate Account		24,575		177,711		803,737		135,246		115,017		788,717		1,092,706

⁽¹⁾ Investments in mutual fund shares, at cost	$	301,750	$	5,872,304	$	19,094,188	$	1,681,253	$	2,555,007	$	25,665,393	$	12,365,512

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
		DWS CROCI U.S. VIP, Class A		DWS Global Small Cap VIP, Class A		DWS Small Cap Index VIP, Class A		DWS Small Mid Cap Growth VIP, Class A		DWS Small Mid Cap Value VIP, Class A		Empower Aggressive Profile Fund, Investor Class		Empower Bond Index Fund, Investor Class
ASSETS:
Investments at fair value ⁽¹⁾	$	4,987,084	$	980,699	$	28,979,676	$	1,448,803	$	2,979,631	$	221,848	$	8,216,989
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		99		18		1,729		27		57		4		133
Receivable from the Company		11,724		-		140,997		10,060		1,107		-		-
Total assets		4,998,907		980,717		29,122,402		1,458,890		2,980,795		221,852		8,217,122

LIABILITIES:
Payable to the Contracts		99		18		1,729		27		57		4		133
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		99		18		1,729		27		57		4		133

NET ASSETS	$	4,998,808	$	980,699	$	29,120,673	$	1,458,863	$	2,980,738	$	221,848	$	8,216,989

ANALYSIS OF NET ASSETS
Accumulation period	$	4,931,084	$	980,699	$	27,989,478	$	1,197,925	$	2,941,216	$	221,848	$	8,216,989
Annuity period		67,725		-		1,131,195		260,938		39,522		-		-
Total net assets	$	4,998,808	$	980,699	$	29,120,673	$	1,458,863	$	2,980,738	$	221,848	$	8,216,989

Fair value per share (NAV)	$	18.08	$	10.42	$	14.52	$	14.27	$	13.81	$	5.62	$	12.55
Shares outstanding in the Separate Account		275,834		94,117		1,995,845		101,528		215,759		39,475		654,740

⁽¹⁾ Investments in mutual fund shares, at cost	$	4,051,599	$	993,025	$	29,702,215	$	1,460,702	$	2,956,804	$	228,050	$	9,215,489

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Conservative Profile Fund, Investor Class		Empower International Index Fund, Investor Class		Empower International Value Fund, Investor Class		Empower Lifetime 2015 Fund, Investor Class		Empower Lifetime 2020 Fund, Investor Class		Empower Lifetime 2025 Fund, Investor Class		Empower Lifetime 2030 Fund, Investor Class
ASSETS:
Investments at fair value ⁽¹⁾	$	3,410,518	$	3,342,101	$	353,560	$	48,070	$	677,708	$	568,024	$	697,512
Receivable from the Contracts		-		469		-		-		-		-		-
Receivable from the fund manager		3,737		-		5		1		12		10		11
Receivable from the Company		1,476		-		-		-		-		-		-
Total assets		3,415,731		3,342,570		353,565		48,071		677,720		568,034		697,523

LIABILITIES:
Payable to the Contracts		3,737		-		5		1		12		10		11
Payable to the fund manager		-		469		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		3,737		469		5		1		12		10		11

NET ASSETS	$	3,411,994	$	3,342,101	$	353,560	$	48,070	$	677,708	$	568,024	$	697,512

ANALYSIS OF NET ASSETS
Accumulation period	$	3,316,713	$	3,342,101	$	353,560	$	48,070	$	677,708	$	568,024	$	697,512
Annuity period		95,281		-		-		-		-		-		-
Total net assets	$	3,411,994	$	3,342,101	$	353,560	$	48,070	$	677,708	$	568,024	$	697,512

Fair value per share (NAV)	$	7.42	$	12.44	$	12.09	$	12.95	$	10.23	$	13.71	$	10.49
Shares outstanding in the Separate Account		459,638		268,658		29,244		3,712		66,247		41,431		66,493

⁽¹⁾ Investments in mutual fund shares, at cost	$	3,567,922	$	3,305,553	$	376,930	$	49,353	$	708,823	$	599,482	$	783,583

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Lifetime 2035 Fund, Investor Class		Empower Lifetime 2040 Fund, Investor Class		Empower Lifetime 2045 Fund, Investor Class		Empower Lifetime 2050 Fund, Investor Class		Empower Lifetime 2055 Fund, Investor Class		Empower Lifetime 2060 Fund, Investor Class		Empower Mid Cap Value Fund, Investor Class
ASSETS:
Investments at fair value ⁽¹⁾	$	207,745	$	26,836	$	129,080	$	73,629	$	122,209	$	81,795	$	970,466
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		4		-		2		1		2		1		17
Receivable from the Company		-		-		-		-		-		-		-
Total assets		207,749		26,836		129,082		73,630		122,211		81,796		970,483

LIABILITIES:
Payable to the Contracts		4		-		2		1		2		1		17
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		4		-		2		1		2		1		17

NET ASSETS	$	207,745	$	26,836	$	129,080	$	73,629	$	122,209	$	81,795	$	970,466

ANALYSIS OF NET ASSETS
Accumulation period	$	207,745	$	26,836	$	129,080	$	73,629	$	122,209	$	81,795	$	970,466
Annuity period		-		-		-		-		-		-		-
Total net assets	$	207,745	$	26,836	$	129,080	$	73,629	$	122,209	$	81,795	$	970,466

Fair value per share (NAV)	$	13.78	$	10.62	$	14.13	$	11.23	$	18.29	$	10.75	$	13.77
Shares outstanding in the Separate Account		15,076		2,527		9,135		6,556		6,682		7,609		70,477

⁽¹⁾ Investments in mutual fund shares, at cost	$	224,619	$	27,294	$	115,686	$	72,534	$	106,218	$	77,325	$	1,033,399

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
		Empower Moderate Profile Fund, Investor Class		Empower Moderately Aggressive Profile Fund, Investor Class		Empower Moderately Conservative Profile Fund, Investor Class		Empower Multi-Sector Bond Fund, Investor Class		Empower Real Estate Index Fund, Investor Class		Empower SecureFoundation Balanced Fund, Investor Class		Empower Small Cap Value Fund, Investor Class
ASSETS:
Investments at fair value ⁽¹⁾	$	9,737,539	$	3,947,749	$	4,414,642	$	6,801,467	$	335,817	$	153,250,675	$	1,047,441
Receivable from the Contracts		-		-		-		41		-		-		-
Receivable from the fund manager		10,923		326,381		4,078		-		6		384,619		18
Receivable from the Company		-		-		-		12,688		-		1,960		-
Total assets		9,748,462		4,274,130		4,418,720		6,814,196		335,823		153,637,254		1,047,459

LIABILITIES:
Payable to the Contracts		10,923		326,381		4,078		-		6		384,619		18
Payable to the fund manager		-		-		-		41		-		-		-
Payable to the Company		19,111		-		-		-		-		-		-
Total liabilities		30,034		326,381		4,078		41		6		384,619		18

NET ASSETS	$	9,718,428	$	3,947,749	$	4,414,642	$	6,814,155	$	335,817	$	153,252,635	$	1,047,441

ANALYSIS OF NET ASSETS
Accumulation period	$	9,351,958	$	3,947,749	$	4,414,642	$	6,618,157	$	335,817	$	153,142,471	$	1,047,441
Annuity period		366,470		-		-		195,998		-		110,164		-
Total net assets	$	9,718,428	$	3,947,749	$	4,414,642	$	6,814,155	$	335,817	$	153,252,635	$	1,047,441

Fair value per share (NAV)	$	6.31	$	6.95	$	8.02	$	12.95	$	12.09	$	12.85	$	38.44
Shares outstanding in the Separate Account		1,543,192		568,021		550,454		525,210		27,776		11,926,123		27,249

⁽¹⁾ Investments in mutual fund shares, at cost	$	10,148,127	$	4,055,601	$	4,681,460	$	7,118,415	$	335,936	$	156,398,337	$	973,594

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
		Empower T. Rowe Price Mid Cap Growth Fund, Investor Class		Federated Hermes Fund for U.S. Government Securities II		Federated Hermes Managed Volatility Fund II		Franklin Small Cap Value VIP Fund, Class 2		Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares		Invesco Oppenheimer V.I. International Growth Fund, Series I		Invesco V.I. Comstock Fund, Series I
ASSETS:
Investments at fair value ⁽¹⁾	$	1,677,713	$	18,611,232	$	2,030,452	$	4,177,064	$	59,064	$	9,666,662	$	6,655,331
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		28		378		82		77		1		180		126
Receivable from the Company		-		133,034		18,759		12,936		-		8,639		13,282
Total assets		1,677,741		18,744,644		2,049,293		4,190,077		59,065		9,675,481		6,668,739

LIABILITIES:
Payable to the Contracts		28		378		82		77		1		180		126
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		28		378		82		77		1		180		126

NET ASSETS	$	1,677,713	$	18,744,266	$	2,049,211	$	4,190,000	$	59,064	$	9,675,301	$	6,668,613

ANALYSIS OF NET ASSETS
Accumulation period	$	1,677,713	$	17,418,688	$	1,987,255	$	4,057,777	$	59,064	$	9,336,346	$	6,630,355
Annuity period		-		1,325,578		61,956		132,223		-		338,955		38,258
Total net assets	$	1,677,713	$	18,744,266	$	2,049,211	$	4,190,000	$	59,064	$	9,675,301	$	6,668,613

Fair value per share (NAV)	$	37.65	$	9.07	$	10.19	$	14.32	$	8.93	$	1.84	$	20.72
Shares outstanding in the Separate Account		44,561		2,051,955		199,259		291,694		6,614		5,253,620		321,203

⁽¹⁾ Investments in mutual fund shares, at cost	$	1,508,819	$	21,436,781	$	1,996,301	$	4,043,920	$	59,545	$	11,508,883	$	6,263,024

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Invesco V.I. Core Equity Fund, Series I		Invesco V.I. EQV International Equity Fund, Series I		Invesco V.I. Global Fund, Series I		Invesco V.I. Growth and Income Fund, Series I		Invesco V.I. High Yield Fund, Series I		Invesco V.I. Main Street Mid Cap Fund		Invesco V.I. Main Street Small Cap Fund
ASSETS:
Investments at fair value ⁽¹⁾	$	4,274,785	$	10,445,434	$	31,872,121	$	9,398,672	$	3,811,875	$	1,848,421	$	3,443,295
Receivable from the Contracts		-		-		-		-		48		-		-
Receivable from the fund manager		100		207		6,843		608		-		39		197
Receivable from the Company		48,549		53,694		157,076		34,079		19,716		231		387
Total assets		4,323,434		10,499,335		32,036,040		9,433,359		3,831,639		1,848,691		3,443,879

LIABILITIES:
Payable to the Contracts		100		207		6,843		608		-		39		197
Payable to the fund manager		-		-		-		-		48		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		100		207		6,843		608		48		39		197

NET ASSETS	$	4,323,334	$	10,499,128	$	32,029,197	$	9,432,751	$	3,831,591	$	1,848,652	$	3,443,682

ANALYSIS OF NET ASSETS
Accumulation period	$	4,157,692	$	10,119,660	$	31,236,814	$	8,609,119	$	3,566,500	$	1,839,245	$	3,440,992
Annuity period		165,642		379,468		792,383		823,632		265,091		9,407		2,690
Total net assets	$	4,323,334	$	10,499,128	$	32,029,197	$	9,432,751	$	3,831,591	$	1,848,652	$	3,443,682

Fair value per share (NAV)	$	33.62	$	33.52	$	39.99	$	20.25	$	4.77	$	11.16	$	29.25
Shares outstanding in the Separate Account		127,150		311,618		797,002		464,132		799,135		165,629		117,719

⁽¹⁾ Investments in mutual fund shares, at cost	$	3,716,823	$	10,982,175	$	30,349,668	$	9,008,232	$	4,013,897	$	1,801,107	$	3,283,622

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Invesco V.I. Small Cap Equity Fund, Series I		Invesco V.I. Technology Fund, Series I		Janus Henderson Balanced Fund, Class I		Janus Henderson Flexible Bond Portfolio		Janus Henderson Flexible Bond Portfolio, Service Shares		Janus Henderson Global Research Fund, Class I		Janus Henderson Overseas Fund, Class S
ASSETS:
Investments at fair value ⁽¹⁾	$	2,539,413	$	5,422,711	$	15,122,387	$	13,031,399	$	28,989,775	$	18,178,553	$	1,423,915
Receivable from the Contracts		-		1,888		-		-		-		-		-
Receivable from the fund manager		49		-		1,198		366		716		506		33
Receivable from the Company		-		16,640		34,461		73,255		123,231		81,889		36,573
Total assets		2,539,462		5,441,239		15,158,046		13,105,020		29,113,722		18,260,948		1,460,521

LIABILITIES:
Payable to the Contracts		49		-		1,198		366		716		506		33
Payable to the fund manager		-		1,888		-		-		-		-		-
Payable to the Company		581		-		-		-		-		-		-
Total liabilities		630		1,888		1,198		366		716		506		33

NET ASSETS	$	2,538,832	$	5,439,351	$	15,156,848	$	13,104,654	$	29,113,006	$	18,260,442	$	1,460,488

ANALYSIS OF NET ASSETS
Accumulation period	$	2,472,674	$	5,350,894	$	14,713,935	$	12,729,794	$	27,852,173	$	17,687,445	$	1,284,783
Annuity period		66,158		88,457		442,913		374,860		1,260,833		572,997		175,705
Total net assets	$	2,538,832	$	5,439,351	$	15,156,848	$	13,104,654	$	29,113,006	$	18,260,442	$	1,460,488

Fair value per share (NAV)	$	19.37	$	23.80	$	51.22	$	9.75	$	10.87	$	72.60	$	41.77
Shares outstanding in the Separate Account		131,100		227,845		295,244		1,336,554		2,666,953		250,393		34,089

⁽¹⁾ Investments in mutual fund shares, at cost	$	2,445,355	$	4,309,421	$	10,026,172	$	15,368,061	$	33,352,776	$	12,092,931	$	1,378,687

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Janus Henderson Overseas Portfolio, Institutional Shares		Janus Henderson Research Portfolio, Institutional Shares		Janus Henderson VIT Balanced Portfolio, Service Shares		Janus Henderson VIT Global Technology and Innovation Portfolio, Institutional Shares		Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares		Lazard Retirement Emerging Markets Equity Portfolio		Lord Abbett Series Fund Short Duration Income Portfolio
ASSETS:
Investments at fair value ⁽¹⁾	$	2,877,556	$	12,408,903	$	135,012,593	$	1,727,424	$	18,508,023	$	11,284,485	$	2,044,750
Receivable from the Contracts		-		-		-		-		618		-		-
Receivable from the fund manager		67		291		3,875		28		-		114		34
Receivable from the Company		31,882		148,010		127,930		-		-		70,428		-
Total assets		2,909,505		12,557,204		135,144,398		1,727,452		18,508,641		11,355,027		2,044,784

LIABILITIES:
Payable to the Contracts		67		291		3,875		28		-		114		34
Payable to the fund manager		-		-		-		-		618		-		-
Payable to the Company		-		-		-		595		4,245		-		-
Total liabilities		67		291		3,875		623		4,863		114		34

NET ASSETS	$	2,909,438	$	12,556,913	$	135,140,523	$	1,726,829	$	18,503,778	$	11,354,913	$	2,044,750

ANALYSIS OF NET ASSETS
Accumulation period	$	2,816,897	$	11,731,724	$	131,107,053	$	1,611,782	$	18,450,614	$	10,744,149	$	2,044,750
Annuity period		92,541		825,189		4,033,470		115,047		53,164		610,764		-
Total net assets	$	2,909,438	$	12,556,913	$	135,140,523	$	1,726,829	$	18,503,778	$	11,354,913	$	2,044,750

Fair value per share (NAV)	$	43.92	$	59.40	$	54.39	$	21.11	$	21.16	$	21.65	$	13.09
Shares outstanding in the Separate Account		65,518		208,904		2,482,305		81,830		874,670		521,223		156,207

⁽¹⁾ Investments in mutual fund shares, at cost	$	2,284,360	$	6,643,656	$	95,422,574	$	1,180,226	$	14,806,394	$	10,712,388	$	2,109,710

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	LVIP American Century Balanced Fund, Standard Class II		LVIP American Century Disciplined Core Value Fund, Standard Class II		LVIP American Century International Fund, Standard Class II		LVIP American Century Mid Cap Value Fund, Service Class		LVIP American Century Value Fund, Standard Class II		LVIP Baron Growth Opportunities Fund, Service Class		LVIP JPMorgan Core Bond Fund, Standard Class
ASSETS:
Investments at fair value ⁽¹⁾	$	27,449,151	$	10,163,889	$	6,797,407	$	10,831,720	$	19,313,380	$	19,239,843	$	1,168,730
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		1,624		195		129		202		373		741		19
Receivable from the Company		35,711		13,473		13,399		27,755		67,221		223,518		-
Total assets		27,486,486		10,177,557		6,810,935		10,859,677		19,380,974		19,464,102		1,168,749

LIABILITIES:
Payable to the Contracts		1,624		195		129		202		373		741		19
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		1,624		195		129		202		373		741		19

NET ASSETS	$	27,484,862	$	10,177,362	$	6,810,806	$	10,859,475	$	19,380,601	$	19,463,361	$	1,168,730

ANALYSIS OF NET ASSETS
Accumulation period	$	26,819,342	$	10,081,709	$	6,654,633	$	10,699,950	$	18,873,162	$	18,597,464	$	1,168,730
Annuity period		665,520		95,653		156,173		159,525		507,439		865,897		-
Total net assets	$	27,484,862	$	10,177,362	$	6,810,806	$	10,859,475	$	19,380,601	$	19,463,361	$	1,168,730

Fair value per share (NAV)	$	8.40	$	8.57	$	10.68	$	19.68	$	12.23	$	75.41	$	9.61
Shares outstanding in the Separate Account		3,266,589		1,186,677		636,223		550,420		1,579,310		255,150		121,616

⁽¹⁾ Investments in mutual fund shares, at cost	$	25,694,064	$	10,451,886	$	6,993,251	$	11,373,757	$	18,429,914	$	13,699,857	$	1,235,448

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	LVIP JPMorgan Small Cap Core Fund, Standard Class		LVIP Macquarie SMID Cap Core Fund, Standard Class		LVIP Macquarie Value Fund, Standard Class		Macquarie VIP Emerging Markets Series, Standard Class		Macquarie VIP International Core Equity Series, Service Class		Macquarie VIP International Core Equity Series, Standard Class		Macquarie VIP Small Cap Value Series, Standard Class
ASSETS:
Investments at fair value ⁽¹⁾	$	2,985,228	$	7,323,293	$	1,071,112	$	3,271,043	$	1,421,731	$	214,498	$	19,085,021
Receivable from the Contracts		-		-		-		357		-		-		-
Receivable from the fund manager		55		210		17		-		21		4		741
Receivable from the Company		6,295		10,214		-		-		-		-		57,691
Total assets		2,991,578		7,333,717		1,071,129		3,271,400		1,421,752		214,502		19,143,453

LIABILITIES:
Payable to the Contracts		55		210		17		-		21		4		741
Payable to the fund manager		-		-		-		357		-		-		-
Payable to the Company		-		-		-		5,694		-		-		-
Total liabilities		55		210		17		6,051		21		4		741

NET ASSETS	$	2,991,523	$	7,333,507	$	1,071,112	$	3,265,349	$	1,421,731	$	214,498	$	19,142,712

ANALYSIS OF NET ASSETS
Accumulation period	$	2,968,249	$	7,285,021	$	1,071,112	$	3,211,923	$	1,421,731	$	214,498	$	18,684,362
Annuity period		23,274		48,486		-		53,426		-		-		458,350
Total net assets	$	2,991,523	$	7,333,507	$	1,071,112	$	3,265,349	$	1,421,731	$	214,498	$	19,142,712

Fair value per share (NAV)	$	21.69	$	27.81	$	25.56	$	22.55	$	16.52	$	16.55	$	40.48
Shares outstanding in the Separate Account		137,606		263,305		41,906		145,057		86,061		12,961		471,468

⁽¹⁾ Investments in mutual fund shares, at cost	$	3,040,191	$	6,322,535	$	1,124,695	$	3,502,705	$	1,375,726	$	216,251	$	16,917,095

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	MFS Blended Research Small Cap Equity Portfolio, Initial Class		MFS Core Equity Portfolio, Service Class		MFS International Growth Portfolio, Initial Class		MFS International Intrinsic Value Portfolio, Service Class		MFS Mid Cap Value Portfolio, Initial Class		MFS Utilities Series, Service Class		Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio, Class S
ASSETS:
Investments at fair value ⁽¹⁾	$	262,308	$	140,284	$	1,780,520	$	33,168,935	$	686,748	$	5,287,717	$	636,075
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		4		2		29		13,507		11		168		11
Receivable from the Company		-		-		-		71,289		-		24,539		11,300
Total assets		262,312		140,286		1,780,549		33,253,731		686,759		5,312,424		647,386

LIABILITIES:
Payable to the Contracts		4		2		29		13,507		11		168		11
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		4		2		29		13,507		11		168		11

NET ASSETS	$	262,308	$	140,284	$	1,780,520	$	33,240,224	$	686,748	$	5,312,256	$	647,375

ANALYSIS OF NET ASSETS
Accumulation period	$	262,308	$	140,284	$	1,780,520	$	32,337,064	$	686,748	$	5,122,803	$	630,301
Annuity period		-		-		-		903,160		-		189,453		17,074
Total net assets	$	262,308	$	140,284	$	1,780,520	$	33,240,224	$	686,748	$	5,312,256	$	647,375

Fair value per share (NAV)	$	10.32	$	30.99	$	15.79	$	29.17	$	10.59	$	33.42	$	20.40
Shares outstanding in the Separate Account		25,417		4,527		112,763		1,137,091		64,849		158,220		31,180

⁽¹⁾ Investments in mutual fund shares, at cost	$	255,830	$	133,485	$	1,727,478	$	31,150,273	$	656,671	$	5,282,906	$	616,821

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Neuberger Berman AMT Sustainable Equity Portfolio, Class S		NVIT Mid Cap Index Fund, Class II		PIMCO Commodity RealReturn Strategy Portfolio, Admin Class		PIMCO Emerging Markets Bond Portfolio, Admin Class		PIMCO High Yield Portfolio, Admin Class		PIMCO Low Duration Portfolio, Admin Class		PIMCO Real Return Portfolio, Admin Class
ASSETS:
Investments at fair value ⁽¹⁾	$	908,842	$	22,652,680	$	2,518,530	$	668,025	$	22,815,551	$	58,128,564	$	3,053,294
Receivable from the Contracts		-		-		-		-		-		18,303		-
Receivable from the fund manager		12		6,335		45		10		6,067		-		46
Receivable from the Company		-		101,061		-		-		45,765		223,278		-
Total assets		908,854		22,760,076		2,518,575		668,035		22,867,383		58,370,145		3,053,340

LIABILITIES:
Payable to the Contracts		12		6,335		45		10		6,067		-		46
Payable to the fund manager		-		-		-		-		-		18,303		-
Payable to the Company		-		-		266		-		-		-		485
Total liabilities		12		6,335		311		10		6,067		18,303		531

NET ASSETS	$	908,842	$	22,753,741	$	2,518,264	$	668,025	$	22,861,316	$	58,351,842	$	3,052,809

ANALYSIS OF NET ASSETS
Accumulation period	$	908,842	$	21,960,622	$	2,508,028	$	668,025	$	22,248,119	$	56,375,996	$	3,040,086
Annuity period		-		793,119		10,236		-		613,197		1,975,846		12,723
Total net assets	$	908,842	$	22,753,741	$	2,518,264	$	668,025	$	22,861,316	$	58,351,842	$	3,052,809

Fair value per share (NAV)	$	40.09	$	19.68	$	5.45	$	10.64	$	7.24	$	9.64	$	11.51
Shares outstanding in the Separate Account		22,670		1,151,051		462,116		62,784		3,151,319		6,029,934		265,273

⁽¹⁾ Investments in mutual fund shares, at cost	$	556,317	$	22,821,920	$	3,150,053	$	702,926	$	23,752,426	$	60,773,790	$	3,337,245

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	PIMCO Total Return Portfolio, Admin Class		Pioneer Bond VCT Portfolio		Pioneer Fund VCT Portfolio, Class I		Pioneer Mid Cap Value VCT Portfolio, Class II		Pioneer Select Mid Cap Growth VCT Portfolio, Class I		Prudential Series Fund Equity Portfolio, Class II		Prudential Series Fund Natural Resources Portfolio, Class II
ASSETS:
Investments at fair value ⁽¹⁾	$	109,222,628	$	3,507,997	$	6,535,005	$	1,881,219	$	6,907,503	$	2,000,579	$	428,776
Receivable from the Contracts		127,384		-		-		-		-		-		-
Receivable from the fund manager		-		49		273		40		148		44		8
Receivable from the Company		195,930		-		64,233		7,294		775		-		-
Total assets		109,545,942		3,508,046		6,599,511		1,888,553		6,908,426		2,000,623		428,784

LIABILITIES:
Payable to the Contracts		-		49		273		40		148		44		8
Payable to the fund manager		127,384		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		127,384		49		273		40		148		44		8

NET ASSETS	$	109,418,558	$	3,507,997	$	6,599,238	$	1,888,513	$	6,908,278	$	2,000,579	$	428,776

ANALYSIS OF NET ASSETS
Accumulation period	$	106,581,363	$	3,507,997	$	6,163,570	$	1,872,584	$	6,904,420	$	2,000,579	$	428,776
Annuity period		2,837,195		-		435,668		15,929		3,858		-		-
Total net assets	$	109,418,558	$	3,507,997	$	6,599,238	$	1,888,513	$	6,908,278	$	2,000,579	$	428,776

Fair value per share (NAV)	$	9.04	$	9.36	$	18.58	$	11.26	$	27.29	$	118.47	$	42.06
Shares outstanding in the Separate Account		12,082,149		374,786		351,723		167,071		253,115		16,887		10,194

⁽¹⁾ Investments in mutual fund shares, at cost	$	126,391,472	$	3,663,015	$	5,565,070	$	2,085,062	$	6,591,697	$	603,426	$	365,652

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Putnam VT Core Equity Fund, Class IA		Putnam VT Global Asset Allocation Fund, Class IA		Putnam VT Global Health Care Fund, Class IB		Putnam VT Income Fund, Class IA		Putnam VT International Equity Fund, Class IA		Putnam VT International Value Fund, Class IA		Putnam VT Large Cap Value Fund, Class IB
ASSETS:
Investments at fair value ⁽¹⁾	$	3,843,556	$	784,333	$	2,812,617	$	5,402,472	$	1,581,183	$	1,134,669	$	21,006,384
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		70		16		56		90		1,675		1,949		391
Receivable from the Company		-		-		14,906		-		-		-		93,170
Total assets		3,843,626		784,349		2,827,579		5,402,562		1,582,858		1,136,618		21,099,945

LIABILITIES:
Payable to the Contracts		70		16		56		90		1,675		1,949		391
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		70		16		56		90		1,675		1,949		391

NET ASSETS	$	3,843,556	$	784,333	$	2,827,523	$	5,402,472	$	1,581,183	$	1,134,669	$	21,099,554

ANALYSIS OF NET ASSETS
Accumulation period	$	3,843,556	$	784,333	$	2,788,414	$	5,402,472	$	1,581,183	$	1,134,669	$	20,492,104
Annuity period		-		-		39,109		-		-		-		607,450
Total net assets	$	3,843,556	$	784,333	$	2,827,523	$	5,402,472	$	1,581,183	$	1,134,669	$	21,099,554

Fair value per share (NAV)	$	22.45	$	19.99	$	15.68	$	8.13	$	15.61	$	12.22	$	32.42
Shares outstanding in the Separate Account		171,205		39,236		179,376		664,511		101,293		92,853		647,945

⁽¹⁾ Investments in mutual fund shares, at cost	$	3,391,317	$	660,941	$	2,810,007	$	6,537,757	$	1,493,530	$	1,023,901	$	17,664,908

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Putnam VT Mortgage Securities Fund		Putnam VT Small Cap Value Fund, Class IA		Royce Capital Fund Small Cap Portfolio, Service Class		Schwab Government Money Market Portfolio		Schwab S&P 500 Index Fund		Schwab VIT Balanced Portfolio		Schwab VIT Balanced with Growth Portfolio
ASSETS:
Investments at fair value ⁽¹⁾	$	2,837,096	$	476,708	$	3,028,876	$	166,423,581	$	605,596,220	$	3,726,029	$	5,402,354
Receivable from the Contracts		-		-		-		362,012		-		-		-
Receivable from the fund manager		54		8		63		-		201,277		51		1,396
Receivable from the Company		10,578		-		3,327		570,434		1,865,564		-		-
Total assets		2,847,728		476,716		3,032,266		167,356,027		607,663,061		3,726,080		5,403,750

LIABILITIES:
Payable to the Contracts		54		8		63		-		201,277		51		1,396
Payable to the fund manager		-		-		-		362,012		-		-		-
Payable to the Company		-		-		-		-		-		-		-
Total liabilities		54		8		63		362,012		201,277		51		1,396

NET ASSETS	$	2,847,674	$	476,708	$	3,032,203	$	166,994,015	$	607,461,784	$	3,726,029	$	5,402,354

ANALYSIS OF NET ASSETS
Accumulation period	$	2,755,537	$	476,708	$	2,987,021	$	157,227,690	$	588,485,114	$	3,726,029	$	5,402,354
Annuity period		92,137		-		45,182		9,766,325		18,976,670		-		-
Total net assets	$	2,847,674	$	476,708	$	3,032,203	$	166,994,015	$	607,461,784	$	3,726,029	$	5,402,354

Fair value per share (NAV)	$	6.20	$	11.76	$	9.21	$	1.00	$	86.45	$	14.25	$	16.90
Shares outstanding in the Separate Account		457,596		40,536		328,868		166,423,581		7,005,162		261,476		319,666

⁽¹⁾ Investments in mutual fund shares, at cost	$	3,271,295	$	492,122	$	3,061,965	$	166,423,583	$	320,943,784	$	3,398,563	$	4,489,841

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
	Schwab VIT Growth Portfolio		T. Rowe Price Health Sciences Portfolio		T. Rowe Price Health Sciences Portfolio, Class II		Templeton Foreign VIP Fund, Class 2		Templeton Global Bond VIP Fund, Class 2		Third Avenue Value Fund		Touchstone VST Bond Fund
ASSETS:
Investments at fair value ⁽¹⁾	$	1,296,160	$	1,375,401	$	3,876,235	$	6,030,152	$	5,665,223	$	1,342,069	$	5,447,786
Receivable from the Contracts		-		-		-		-		2,503		-		-
Receivable from the fund manager		18		20		74		111		-		26		102
Receivable from the Company		-		-		-		3,630		3,769		5,578		6,754
Total assets		1,296,178		1,375,421		3,876,309		6,033,893		5,671,495		1,347,673		5,454,642

LIABILITIES:
Payable to the Contracts		18		20		74		111		-		26		102
Payable to the fund manager		-		-		-		-		2,503		-		-
Payable to the Company		-		232		2,591		-		-		-		-
Total liabilities		18		252		2,665		111		2,503		26		102

NET ASSETS	$	1,296,160	$	1,375,169	$	3,873,644	$	6,033,782	$	5,668,992	$	1,347,647	$	5,454,540

ANALYSIS OF NET ASSETS
Accumulation period	$	1,296,160	$	1,330,238	$	3,855,215	$	5,968,648	$	5,540,029	$	1,330,097	$	5,302,556
Annuity period		-		44,931		18,429		65,134		128,964		17,550		151,984
Total net assets	$	1,296,160	$	1,375,169	$	3,873,644	$	6,033,782	$	5,668,992	$	1,347,647	$	5,454,540

Fair value per share (NAV)	$	19.85	$	51.26	$	47.62	$	13.76	$	11.38	$	20.46	$	8.48
Shares outstanding in the Separate Account		65,298		26,832		81,399		438,238		497,823		65,595		642,428

⁽¹⁾ Investments in mutual fund shares, at cost	$	1,147,022	$	1,374,118	$	4,080,367	$	6,077,405	$	7,235,471	$	1,015,247	$	6,146,843

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
		Touchstone VST Common Stock Fund		Touchstone VST Common Stock Fund, Service Class		Touchstone VST Small Company Fund		VanEck VIP Global Resources Fund		VanEck VIP Unconstrained Emerging Markets Bond Fund, Class I		Vanguard VIF Capital Growth Portfolio		Vanguard VIF Diversified Value Portfolio
ASSETS:
Investments at fair value ⁽¹⁾	$	11,817,236	$	5,551,235	$	6,446,196	$	2,723,393	$	2,839,448	$	6,079,853	$	6,520,457
Receivable from the Contracts		-		-		-		-		-		-		-
Receivable from the fund manager		239		101		127		1,873		58		88		94
Receivable from the Company		21,388		8,292		35,961		22,569		13,928		-		-
Total assets		11,838,863		5,559,628		6,482,284		2,747,835		2,853,434		6,079,941		6,520,551

LIABILITIES:
Payable to the Contracts		239		101		127		1,873		58		88		94
Payable to the fund manager		-		-		-		-		-		-		-
Payable to the Company		-		-		-		-		-		1,393		1,034
Total liabilities		239		101		127		1,873		58		1,481		1,128

NET ASSETS	$	11,838,624	$	5,559,527	$	6,482,157	$	2,745,962	$	2,853,376	$	6,078,460	$	6,519,423

ANALYSIS OF NET ASSETS
Accumulation period	$	11,595,476	$	5,503,965	$	6,300,843	$	2,545,382	$	2,756,319	$	5,984,398	$	6,496,825
Annuity period		243,148		55,562		181,314		200,580		97,057		94,062		22,598
Total net assets	$	11,838,624	$	5,559,527	$	6,482,157	$	2,745,962	$	2,853,376	$	6,078,460	$	6,519,423

Fair value per share (NAV)	$	12.76	$	12.64	$	14.83	$	24.05	$	7.28	$	50.94	$	16.65
Shares outstanding in the Separate Account		926,116		439,180		434,673		113,239		390,034		119,353		391,619

⁽¹⁾ Investments in mutual fund shares, at cost	$	9,334,877	$	4,321,663	$	6,195,306	$	3,141,261	$	3,124,053	$	5,132,190	$	5,559,800

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2024

	SUBACCOUNTS
		Vanguard VIF Mid-Cap Index Portfolio		Vanguard VIF Real Estate Index Portfolio		Vanguard VIF Small Company Growth Portfolio
ASSETS:
Investments at fair value ⁽¹⁾	$	11,478,268	$	4,797,521	$	2,670,422
Receivable from the Contracts		-		213		-
Receivable from the fund manager		1,063		-		39
Receivable from the Company		-		-		-
Total assets		11,479,331		4,797,734		2,670,461

LIABILITIES:
Payable to the Contracts		1,064		-		39
Payable to the fund manager		-		213		-
Payable to the Company		931		480		150
Total liabilities		1,995		693		189

NET ASSETS	$	11,477,336	$	4,797,041	$	2,670,272

ANALYSIS OF NET ASSETS
Accumulation period	$	11,385,568	$	4,787,146	$	2,666,986
Annuity period		91,768		9,895		3,286
Total net assets	$	11,477,336	$	4,797,041	$	2,670,272

Fair value per share (NAV)	$	26.84	$	11.74	$	19.51
Shares outstanding in the Separate Account		427,655		408,647		136,875

⁽¹⁾ Investments in mutual fund shares, at cost	$	9,760,998	$	5,190,223	$	2,806,074

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Concluded)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
		AB VPS Discovery Value Portfolio, Class A			AB VPS International Value Portfolio, Class A		AB VPS Large Cap Growth Portfolio, Class A			AB VPS Relative Value Portfolio, Class A		AB VPS Sustainable International Thematic Portfolio, Class A			Alger Balanced Portfolio, Class I-2			Alger Capital Appreciation Portfolio, Class I-2
INVESTMENT INCOME:
Dividend income	$	31,194		$	33,137	$	11,244		$	181,938	$	-		$	-		$	-

EXPENSES:
Mortality and expense risk		26,982			9,221		147,837			86,791		9,965			7,512			38,777
Investment advisory expenses		-			238		11,591			265		438			-			5,885
Total expenses		26,982			9,459		159,428			87,056		10,403			7,512			44,662

NET INVESTMENT INCOME (LOSS)		4,212			23,678		(148,184	)		94,882		(10,403	)		(7,512	)		(44,662	)

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		(85,513	)		19,912		866,590			287,417		(693,158	)		15,642			660,349
Capital gain distributions		177,613			-		833,190			432,203		-			2,097			-

Net realized gain (loss) on investments		92,100			19,912		1,699,780			719,620		(693,158	)		17,739			660,349

Change in net unrealized appreciation (depreciation) on investments		225,954			14,901		3,069,117			652,898		614,499			151,984			1,656,751

Net realized and unrealized gain (loss) on investments		318,054			34,813		4,768,897			1,372,518		(78,659	)		169,723			2,317,100

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	322,266		$	58,491	$	4,620,713		$	1,467,400	$	(89,062	)	$	162,211		$	2,272,438

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
		Alger Large Cap Growth Portfolio, Class I-2			Alger Mid Cap Growth Portfolio, Class I-2			Allspring VT Discovery All Cap Growth Fund, Class 2			Allspring VT Discovery SMID Cap Growth Fund, Class 2			Allspring VT Opportunity Fund, Class 2			ALPS Global Opportunity Portfolio, Class I		American Funds IS Capital World Bond Fund, Class 2
INVESTMENT INCOME:
Dividend income	$	-		$	-		$	-		$	-		$	2,774		$	25,194	$	7,495

EXPENSES:
Mortality and expense risk		283,395			34,338			17,004			56,154			42,162			2,083		1,789
Investment advisory expenses		1,671			-			-			3,363			-			136		28
Total expenses		285,066			34,338			17,004			59,517			42,162			2,219		1,817

NET INVESTMENT INCOME (LOSS)		(285,066	)		(34,338	)		(17,004	)		(59,517	)		(39,388	)		22,975		5,678

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		688,803			(145,873	)		(74,859	)		(727,326	)		30,215			25,534		3,032
Capital gain distributions		-			-			106,022			-			580,544			-		-

Net realized gain (loss) on investments		688,803			(145,873	)		31,163			(727,326	)		610,759			25,534		3,032

Change in net unrealized appreciation (depreciation) on investments		11,985,003			987,604			384,807			2,043,851			202,138			1,992		(20,193	)

Net realized and unrealized gain (loss) on investments		12,673,806			841,731			415,970			1,316,525			812,897			27,526		(17,161	)

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	12,388,740		$	807,393		$	398,966		$	1,257,008		$	773,509		$	50,501	$	(11,483	)

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	American Funds IS Global Growth Fund, Class 1		American Funds IS Global Small Capitalization Fund, Class 2			American Funds IS Growth- Income Fund, Class 4		American Funds IS International Fund, Class 2			American Funds IS New World Fund, Class 2		American Funds IS The Bond Fund of America, Class 2			BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III
INVESTMENT INCOME:
Dividend income	$	37,552	$	2,188		$	63,746	$	24,191		$	35,360	$	107,444		$	15,418

EXPENSES:
Mortality and expense risk		11,261		1,580			39,855		11,603			15,535		15,493			4,041
Investment advisory expenses		241		1,891			2,602		2,282			1,796		4,005			329
Total expenses		11,502		3,471			42,457		13,885			17,331		19,498			4,370

NET INVESTMENT INCOME (LOSS)		26,050		(1,283	)		21,289		10,306			18,029		87,946			11,048

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		29,906		(45,951	)		332,081		(13,131	)		30,521		(257,765	)		21,943
Capital gain distributions		57,787		7,741			272,530		-			11,893		-			41,382

Net realized gain (loss) on investments		87,693		(38,210	)		604,611		(13,131	)		42,414		(257,765	)		63,325

Change in net unrealized appreciation (depreciation) on investments		141,701		41,022			602,571		52,470			89,894		196,125			(1,672	)

Net realized and unrealized gain (loss) on investments		229,394		2,812			1,207,182		39,339			132,308		(61,640	)		61,653

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	255,444	$	1,529		$	1,228,471	$	49,645		$	150,337	$	26,306		$	72,701

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
		BlackRock Global Allocation V.I. Fund, Class I		BNY Mellon IP MidCap Stock Portfolio, Initial Shares		BNY Mellon VIF Appreciation Portfolio, Initial Shares			BNY Mellon VIF Growth and Income Portfolio, Initial Shares			BNY Mellon VIF Opportunistic Small Cap Portfolio, Initial Shares		ClearBridge Variable Large Cap Growth Portfolio, Class I			ClearBridge Variable Mid Cap Portfolio, Class I
INVESTMENT INCOME:
Dividend income	$	97,612	$	25,055	$	42,301		$	34,121		$	1,913	$	-		$	1,647

EXPENSES:
Mortality and expense risk		48,500		20,555		76,104			47,178			1,894		12,585			1,878
Investment advisory expenses		1,293		-		-			489			-		234			-
Total expenses		49,793		20,555		76,104			47,667			1,894		12,819			1,878

NET INVESTMENT INCOME (LOSS)		47,819		4,500		(33,803	)		(13,546	)		19		(12,819	)		(231	)

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		4,710		13,636		(164,505	)		102,276			493		522,571			(989	)
Capital gain distributions		456,313		42,854		734,755			321,795			-		67,216			6,124

Net realized gain (loss) on investments		461,023		56,490		570,250			424,071			493		589,787			5,135

Change in net unrealized appreciation (depreciation) on investments		101,316		277,960		619,867			823,418			10,152		67,791			12,031

Net realized and unrealized gain (loss) on investments		562,339		334,450		1,190,117			1,247,489			10,645		657,578			17,166

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	610,158	$	338,950	$	1,156,314		$	1,233,943		$	10,664	$	644,759		$	16,935

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
		ClearBridge Variable Small Cap Growth Portfolio, Class I			Columbia VP Emerging Markets Fund, Class 2		Columbia VP Large Cap Growth Fund, Class 2			Columbia VP Seligman Global Technology Fund, Class 2			Columbia VP Small Cap Value Fund, Class 2			Delaware VIP International Series, Standard Class			Dimensional VA US Targeted Value Portfolio
INVESTMENT INCOME:
Dividend income	$	-		$	5,709	$	-		$	-		$	9,650		$	5,326		$	36,077

EXPENSES:
Mortality and expense risk		10,708			2,293		51,380			160,855			13,080			555			15,238
Investment advisory expenses		359			-		829			173			314			-			4,282
Total expenses		11,067			2,293		52,209			161,028			13,394			555			19,520

NET INVESTMENT INCOME (LOSS)		(11,067	)		3,416		(52,209	)		(161,028	)		(3,744	)		4,771			16,557

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		(159,642	)		18,898		1,047,182			561,492			(169,558	)		(10,394	)		138,484
Capital gain distributions		60,526			-		-			1,617,190			79,335			-			175,743

Net realized gain (loss) on investments		(99,116	)		18,898		1,047,182			2,178,682			(90,223	)		(10,394	)		314,227

Change in net unrealized appreciation (depreciation) on investments		165,625			1,203		857,212			2,836,893			220,612			12,512			(94,748	)

Net realized and unrealized gain (loss) on investments		66,509			20,101		1,904,394			5,015,575			130,389			2,118			219,479

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	55,442		$	23,517	$	1,852,185		$	4,854,547		$	126,645		$	6,889		$	236,036

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
		DWS Capital Growth VIP, Class A			DWS Core Equity VIP, Class A		DWS CROCI U.S. VIP, Class A		DWS Global Small Cap VIP, Class A		DWS Small Cap Index VIP, Class A			DWS Small Mid Cap Growth VIP, Class A			DWS Small Mid Cap Value VIP, Class A
INVESTMENT INCOME:
Dividend income	$	61,159		$	131,602	$	72,473	$	14,796	$	322,139		$	-		$	36,431

EXPENSES:
Mortality and expense risk		244,751			114,641		35,920		7,182		192,518			10,227			21,627
Investment advisory expenses		6,761			6,567		1,093		-		7,665			685			68
Total expenses		251,512			121,208		37,013		7,182		200,183			10,912			21,695

NET INVESTMENT INCOME (LOSS)		(190,353	)		10,394		35,460		7,614		121,956			(10,912	)		14,736

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		1,142,933			515,075		63,696		5,296		(405,358	)		(21,894	)		(3,097	)
Capital gain distributions		2,466,524			831,180		-		44,715		755,019			13,933			150,085

Net realized gain (loss) on investments		3,609,457			1,346,255		63,696		50,011		349,661			(7,961	)		146,988

Change in net unrealized appreciation (depreciation) on investments		3,941,156			1,453,016		661,374		238		2,222,836			87,120			(1,249	)

Net realized and unrealized gain (loss) on investments		7,550,613			2,799,271		725,070		50,249		2,572,497			79,159			145,739

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	7,360,260		$	2,809,665	$	760,530	$	57,863	$	2,694,453		$	68,247		$	160,475

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Aggressive Profile Fund, Investor Class		Empower Ariel Mid Cap Value Fund, Investor Class			Empower Bond Index Fund, Investor Class			Empower Conservative Profile Fund, Investor Class			Empower International Index Fund, Investor Class			Empower International Value Fund, Investor Class			Empower Lifetime 2015 Fund, Investor Class
INVESTMENT INCOME:
Dividend income	$	6,823	$	108		$	194,338		$	105,279		$	68,469		$	5,725		$	1,256

EXPENSES:
Mortality and expense risk		1,401		145			49,326			23,041			19,621			2,061			724
Investment advisory expenses		-		-			4,458			2,462			4,805			-			-
Total expenses		1,401		145			53,784			25,503			24,426			2,061			724

NET INVESTMENT INCOME (LOSS)		5,422		(37	)		140,554			79,776			44,043			3,664			532

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		225		(1,981	)		(222,750	)		(10,684	)		33,988			11,670			(25,941	)
Capital gain distributions		10,357		202			-			44,480			3,385			11,038			934

Net realized gain (loss) on investments		10,582		(1,779	)		(222,750	)		33,796			37,373			22,708			(25,007	)

Change in net unrealized appreciation (depreciation) on investments		7,242		3,290			96,370			47,493			(11,296	)		(19,031	)		28,079

Net realized and unrealized gain (loss) on investments		17,824		1,511			(126,380	)		81,289			26,077			3,677			3,072

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	23,246	$	1,474		$	14,174		$	161,065		$	70,120		$	7,341		$	3,604

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Lifetime 2020 Fund, Investor Class			Empower Lifetime 2025 Fund, Investor Class			Empower Lifetime 2030 Fund, Investor Class			Empower Lifetime 2035 Fund, Investor Class			Empower Lifetime 2040 Fund, Investor Class		Empower Lifetime 2045 Fund, Investor Class		Empower Lifetime 2050 Fund, Investor Class
INVESTMENT INCOME:
Dividend income	$	19,202		$	13,605		$	19,266		$	4,371		$	685	$	2,436	$	1,771

EXPENSES:
Mortality and expense risk		4,273			3,564			3,706			1,291			171		786		353
Investment advisory expenses		-			-			-			-			-		-		-
Total expenses		4,273			3,564			3,706			1,291			171		786		353

NET INVESTMENT INCOME (LOSS)		14,929			10,041			15,560			3,080			514		1,650		1,418

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		(191	)		(3,133	)		(745	)		(38	)		2		132		18
Capital gain distributions		7,210			13,292			17,930			7,576			1,009		5,334		3,205

Net realized gain (loss) on investments		7,019			10,159			17,185			7,538			1,011		5,466		3,223

Change in net unrealized appreciation (depreciation) on investments		18,028			17,235			11,964			5,660			795		4,758		2,411

Net realized and unrealized gain (loss) on investments		25,047			27,394			29,149			13,198			1,806		10,224		5,634

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	39,976		$	37,435		$	44,709		$	16,278		$	2,320	$	11,874	$	7,052

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Lifetime 2055 Fund, Investor Class		Empower Lifetime 2060 Fund, Investor Class		Empower Mid Cap Value Fund, Investor Class		Empower Moderate Profile Fund, Investor Class			Empower Moderately Aggressive Profile Fund, Investor Class			Empower Moderately Conservative Profile Fund, Investor Class			Empower Multi-Sector Bond Fund, Investor Class
INVESTMENT INCOME:
Dividend income	$	1,475	$	1,955	$	70,305	$	297,085		$	127,988		$	128,625		$	241,347

EXPENSES:
Mortality and expense risk		732		521		5,969		63,408			26,810			28,360			41,886
Investment advisory expenses		-		-		-		-			-			3,385			4,777
Total expenses		732		521		5,969		63,408			26,810			31,745			46,663

NET INVESTMENT INCOME (LOSS)		743		1,434		64,336		233,677			101,178			96,880			194,684

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		138		41		3,121		(13,337	)		(10,303	)		(27,644	)		(23,144	)
Capital gain distributions		3,566		3,059		10,138		390,003			125,181			78,561			-

Net realized gain (loss) on investments		3,704		3,100		13,259		376,666			114,878			50,917			(23,144	)

Change in net unrealized appreciation (depreciation) on investments		7,079		3,021		46,260		66,853			130,063			104,112			124,578

Net realized and unrealized gain (loss) on investments		10,783		6,121		59,519		443,519			244,941			155,029			101,434

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	11,526	$	7,555	$	123,855	$	677,196		$	346,119		$	251,909		$	296,118

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Real Estate Index Fund, Investor Class		Empower SecureFoundation Balanced Fund, Investor Class		Empower Small Cap Value Fund, Investor Class			Empower T. Rowe Price Mid Cap Growth Fund, Investor Class			Federated Hermes Fund for U.S. Government Securities II			Federated Hermes Managed Volatility Fund II			Franklin Small Cap Value VIP Fund, Class 2
INVESTMENT INCOME:
Dividend income	$	8,567	$	3,311,737	$	-		$	-		$	718,966		$	43,504		$	37,894

EXPENSES:
Mortality and expense risk		2,147		1,059,217		6,491			10,064			143,322			16,788			28,091
Investment advisory expenses		-		16,843		-			958			19,769			-			806
Total expenses		2,147		1,076,060		6,491			11,022			163,091			16,788			28,897

NET INVESTMENT INCOME (LOSS)		6,420		2,235,677		(6,491	)		(11,022	)		555,875			26,716			8,997

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		44		642,170		3,590			68,508			(729,722	)		(9,379	)		(2,514	)
Capital gain distributions		12,769		8,290,189		11,198			59,414			-			-			93,662

Net realized gain (loss) on investments		12,813		8,932,359		14,788			127,922			(729,722	)		(9,379	)		91,148

Change in net unrealized appreciation (depreciation) on investments		2,320		530,468		66,451			8,656			100,171			247,042			294,236

Net realized and unrealized gain (loss) on investments		15,133		9,462,827		81,239			136,578			(629,551	)		237,663			385,384

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	21,553	$	11,698,504	$	74,748		$	125,556		$	(73,676	)	$	264,379		$	394,381

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares		Invesco Oppenheimer V.I. International Growth Fund, Series I			Invesco V.I. Comstock Fund, Series I		Invesco V.I. Core Equity Fund, Series I			Invesco V.I. EQV International Equity Fund, Series I			Invesco V.I. Global Fund, Series I			Invesco V.I. Growth and Income Fund, Series I
INVESTMENT INCOME:
Dividend income	$	1,620	$	67,386		$	120,383	$	28,113		$	195,983		$	-		$	134,269

EXPENSES:
Mortality and expense risk		375		72,440			47,788		33,939			85,404			236,646			67,913
Investment advisory expenses		-		837			4,652		-			264			848			315
Total expenses		375		73,277			52,440		33,939			85,668			237,494			68,228

NET INVESTMENT INCOME (LOSS)		1,245		(5,891	)		67,943		(5,826	)		110,315			(237,494	)		66,041

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		4		(237,880	)		187,210		9,634			(60,797	)		(44,252	)		66,935
Capital gain distributions		-		691,075			486,700		337,623			58,263			1,835,994			576,300

Net realized gain (loss) on investments		4		453,195			673,910		347,257			(2,534	)		1,791,742			643,235

Change in net unrealized appreciation (depreciation) on investments		264		(645,441	)		183,386		512,827			(69,240	)		2,981,914			561,273

Net realized and unrealized gain (loss) on investments		268		(192,246	)		857,296		860,084			(71,774	)		4,773,656			1,204,508

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	1,513	$	(198,137	)	$	925,239	$	854,258		$	38,541		$	4,536,162		$	1,270,549

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Invesco V.I. High Yield Fund, Series I			Invesco V.I. Main Street Mid Cap Fund			Invesco V.I. Main Street Small Cap Fund			Invesco V.I. Small Cap Equity Fund, Series I			Invesco V.I. Technology Fund, Series I			Janus Henderson Balanced Fund, Class I		Janus Henderson Flexible Bond Portfolio
INVESTMENT INCOME:
Dividend income	$	211,239		$	5,998		$	-		$	3,076		$	-		$	318,401	$	648,637

EXPENSES:
Mortality and expense risk		28,339			11,805			17,185			16,560			36,386			97,229		85,244
Investment advisory expenses		743			-			1,140			103			496			5,677		6,328
Total expenses		29,082			11,805			18,325			16,663			36,882			102,906		91,572

NET INVESTMENT INCOME (LOSS)		182,157			(5,807	)		(18,325	)		(13,587	)		(36,882	)		215,495		557,065

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		(23,881	)		(16,392	)		32,838			(61,093	)		23,081			1,094,496		(339,105	)
Capital gain distributions		-			43,221			95,794			108,824			215,011			-		-

Net realized gain (loss) on investments		(23,881	)		26,829			128,632			47,731			238,092			1,094,496		(339,105	)

Change in net unrealized appreciation (depreciation) on investments		95,896			207,908			96,783			320,287			1,168,223			828,793		(50,702	)

Net realized and unrealized gain (loss) on investments		72,015			234,737			225,415			368,018			1,406,315			1,923,289		(389,807	)

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	254,172		$	228,930		$	207,090		$	354,431		$	1,369,433		$	2,138,784	$	167,258

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Janus Henderson Flexible Bond Portfolio, Service Shares			Janus Henderson Global Research Fund, Class I		Janus Henderson Overseas Fund, Class S		Janus Henderson Overseas Portfolio, Institutional Shares		Janus Henderson Research Portfolio, Institutional Shares			Janus Henderson VIT Balanced Portfolio, Service Shares		Janus Henderson VIT Global Technology and Innovation Portfolio, Institutional Shares
INVESTMENT INCOME:
Dividend income	$	1,248,243		$	129,377	$	19,569	$	40,697	$	3,370		$	2,330,189	$	-

EXPENSES:
Mortality and expense risk		220,604			127,385		12,949		25,527		97,179			952,331		9,460
Investment advisory expenses		3,318			998		406		-		-			5,568		3,042
Total expenses		223,922			128,383		13,355		25,527		97,179			957,899		12,502

NET INVESTMENT INCOME (LOSS)		1,024,321			994		6,214		15,170		(93,809	)		1,372,290		(12,502	)

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		(1,018,361	)		440,810		45,271		56,761		384,269			5,186,849		4,348
Capital gain distributions		-			539,813		-		-		320,536			-		-

Net realized gain (loss) on investments		(1,018,361	)		980,623		45,271		56,761		704,805			5,186,849		4,348

Change in net unrealized appreciation (depreciation) on investments		254,897			2,316,980		19,047		69,625		2,642,288			11,292,437		434,154

Net realized and unrealized gain (loss) on investments		(763,464	)		3,297,603		64,318		126,386		3,347,093			16,479,286		438,502

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	260,857		$	3,298,597	$	70,532	$	141,556	$	3,253,284		$	17,851,576	$	426,000

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares			Lazard Retirement Emerging Markets Equity Portfolio		Lord Abbett Series Fund Short Duration Income Portfolio			LVIP American Century Balanced Fund, Standard Class II		LVIP American Century Disciplined Core Value Fund, Standard Class II			LVIP American Century International Fund, Standard Class II			LVIP American Century Mid Cap Value Fund, Service Class
INVESTMENT INCOME:
Dividend income	$	-		$	376,213	$	90,780		$	568,166	$	131,647		$	112,458		$	261,287

EXPENSES:
Mortality and expense risk		127,468			77,613		12,608			201,916		70,254			46,977			76,415
Investment advisory expenses		932			2,405		2,956			3,818		404			2,723			4,567
Total expenses		128,400			80,018		15,564			205,734		70,658			49,700			80,982

NET INVESTMENT INCOME (LOSS)		(128,400	)		296,195		75,216			362,432		60,989			62,758			180,305

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		2,129,903			108,092		(119,345	)		405,633		(87,989	)		(105,837	)		(46,967	)
Capital gain distributions		-			-		-			-		-			-			515,553

Net realized gain (loss) on investments		2,129,903			108,092		(119,345	)		405,633		(87,989	)		(105,837	)		468,586

Change in net unrealized appreciation (depreciation) on investments		2,709,388			294,652		129,698			2,315,544		1,151,496			147,802			177,558

Net realized and unrealized gain (loss) on investments		4,839,291			402,744		10,353			2,721,177		1,063,507			41,965			646,144

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	4,710,891		$	698,939	$	85,569		$	3,083,609	$	1,124,496		$	104,723		$	826,449

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	LVIP American Century Value Fund, Standard Class II			LVIP Baron Growth Opportunities Fund, Service Class			LVIP JPMorgan Core Bond Fund, Standard Class			LVIP JPMorgan Small Cap Core Fund, Standard Class			LVIP Macquarie SMID Cap Core Fund, Standard Class			LVIP Macquarie Value Fund, Standard Class			Macquarie VIP Emerging Markets Series, Standard Class
INVESTMENT INCOME:
Dividend income	$	577,914		$	43,686		$	51,811		$	24,068		$	43,224		$	20,995		$	101,063

EXPENSES:
Mortality and expense risk		149,451			145,178			5,903			21,349			52,163			6,294			24,015
Investment advisory expenses		2,178			1,264			1,626			1,866			1,727			128			3,866
Total expenses		151,629			146,442			7,529			23,215			53,890			6,422			27,881

NET INVESTMENT INCOME (LOSS)		426,285			(102,756	)		44,282			853			(10,666	)		14,573			73,182

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		792,708			738,173			32,103			(32,208	)		220,294			(2,854	)		(124,582	)
Capital gain distributions		1,219,515			87,133			-			45,095			336,034			40,437			-

Net realized gain (loss) on investments		2,012,223			825,306			32,103			12,887			556,328			37,583			(124,582	)

Change in net unrealized appreciation (depreciation) on investments		(635,344	)		158,757			(72,679	)		341,366			415,106			16,218			231,760

Net realized and unrealized gain (loss) on investments		1,376,879			984,063			(40,576	)		354,253			971,434			53,801			107,178

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	1,803,164		$	881,307		$	3,706		$	355,106		$	960,768		$	68,374		$	180,360

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Macquarie VIP International Core Equity Series, Service Class		Macquarie VIP International Core Equity Series, Standard Class			Macquarie VIP Small Cap Value Series, Standard Class		MFS Blended Research Small Cap Equity Portfolio, Initial Class			MFS Core Equity Portfolio, Service Class			MFS International Growth Portfolio, Initial Class			MFS International Intrinsic Value Portfolio, Service Class
INVESTMENT INCOME:
Dividend income	$	19,125	$	3,248		$	258,166	$	1,889		$	532		$	17,293		$	396,513

EXPENSES:
Mortality and expense risk		8,536		1,008			136,750		1,306			650			10,936			250,364
Investment advisory expenses		198		-			1,839		-			244			1,036			9,735
Total expenses		8,734		1,008			138,589		1,306			894			11,972			260,099

NET INVESTMENT INCOME (LOSS)		10,391		2,240			119,577		583			(362	)		5,321			136,414

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		541		616			161,578		(18,922	)		64			(9,493	)		1,243,165
Capital gain distributions		3,462		588			712,832		1,572			5,919			5,618			1,543,179

Net realized gain (loss) on investments		4,003		1,204			874,410		(17,350	)		5,983			(3,875	)		2,786,344

Change in net unrealized appreciation (depreciation) on investments		31,718		(1,753	)		895,497		19,069			11,564			134,704			(651,376	)

Net realized and unrealized gain (loss) on investments		35,721		(549	)		1,769,907		1,719			17,547			130,829			2,134,968

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	46,112	$	1,691		$	1,889,484	$	2,302		$	17,185		$	136,150		$	2,271,382

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	MFS Mid Cap Value Portfolio, Initial Class		MFS Utilities Series, Service Class			Morgan Stanley VIF U.S. Real Estate Portfolio, Class I			Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio, Class S			Neuberger Berman AMT Sustainable Equity Portfolio, Class S			NVIT Mid Cap Index Fund, Class II			PIMCO Commodity RealReturn Strategy Portfolio, Admin Class
INVESTMENT INCOME:
Dividend income	$	7,339	$	109,859		$	65,324		$	1,665		$	-		$	193,224		$	57,547

EXPENSES:
Mortality and expense risk		3,667		38,333			19,442			4,014			4,119			157,216			17,412
Investment advisory expenses		-		1,431			66			-			-			3,084			958
Total expenses		3,667		39,764			19,508			4,014			4,119			160,300			18,370

NET INVESTMENT INCOME (LOSS)		3,672		70,095			45,816			(2,349	)		(4,119	)		32,924			39,177

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		30,317		(22,710	)		(404,693	)		1,584			1,644			(587,840	)		(294,139	)
Capital gain distributions		24,748		152,957			-			16,504			41,078			1,051,641			-

Net realized gain (loss) on investments		55,065		130,247			(404,693	)		18,088			42,722			463,801			(294,139	)

Change in net unrealized appreciation (depreciation) on investments		9,542		286,743			686,788			32,046			142,611			1,975,390			344,670

Net realized and unrealized gain (loss) on investments		64,607		416,990			282,095			50,134			185,333			2,439,191			50,531

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	68,279	$	487,085		$	327,911		$	47,785		$	181,214		$	2,472,115		$	89,708

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	PIMCO Emerging Markets Bond Portfolio, Admin Class		PIMCO High Yield Portfolio, Admin Class			PIMCO Low Duration Portfolio, Admin Class			PIMCO Real Return Portfolio, Admin Class			PIMCO Total Return Portfolio, Admin Class			Pioneer Bond VCT Portfolio			Pioneer Fund VCT Portfolio, Class I
INVESTMENT INCOME:
Dividend income	$	46,337	$	1,347,455		$	2,301,411		$	75,426		$	4,425,189		$	110,718		$	48,100

EXPENSES:
Mortality and expense risk		4,006		164,676			403,819			16,465			752,471			12,371			47,216
Investment advisory expenses		1,333		5,985			13,926			3,631			37,877			436			1,226
Total expenses		5,339		170,661			417,745			20,096			790,348			12,807			48,442

NET INVESTMENT INCOME (LOSS)		40,998		1,176,794			1,883,666			55,330			3,634,841			97,911			(342	)

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		1,813		(182,972	)		(625,672	)		(102,746	)		(2,819,330	)		(150,287	)		321,120
Capital gain distributions		-		-			-			-			-			-			331,755

Net realized gain (loss) on investments		1,813		(182,972	)		(625,672	)		(102,746	)		(2,819,330	)		(150,287	)		652,875

Change in net unrealized appreciation (depreciation) on investments		7,689		380,649			859,940			76,977			1,111,287			45,934			672,364

Net realized and unrealized gain (loss) on investments		9,502		197,677			234,268			(25,769	)		(1,708,043	)		(104,353	)		1,325,239

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	50,500	$	1,374,471		$	2,117,934		$	29,561		$	1,926,798		$	(6,442	)	$	1,324,897

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Pioneer Mid Cap Value VCT Portfolio, Class II			Pioneer Select Mid Cap Growth VCT Portfolio, Class I			Prudential Series Fund Equity Portfolio, Class II			Prudential Series Fund Natural Resources Portfolio, Class II			Putnam VT Core Equity Fund, Class IA		Putnam VT Global Asset Allocation Fund, Class IA		Putnam VT Global Health Care Fund, Class IB
INVESTMENT INCOME:
Dividend income	$	30,018		$	-		$	-		$	-		$	28,872	$	17,746	$	18,187

EXPENSES:
Mortality and expense risk		14,061			50,376			14,990			2,969			22,055		5,779		26,916
Investment advisory expenses		120			324			-			184			1,724		-		1,402
Total expenses		14,181			50,700			14,990			3,153			23,779		5,779		28,318

NET INVESTMENT INCOME (LOSS)		15,837			(50,700	)		(14,990	)		(3,153	)		5,093		11,967		(10,131	)

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		(63,658	)		(2,113	)		35,677			2,809			171,049		7,029		148,219
Capital gain distributions		104,842			-			-			-			195,667		-		167,499

Net realized gain (loss) on investments		41,184			(2,113	)		35,677			2,809			366,716		7,029		315,718

Change in net unrealized appreciation (depreciation) on investments		108,491			1,297,626			381,155			14,921			299,407		91,526		(171,068	)

Net realized and unrealized gain (loss) on investments		149,675			1,295,513			416,832			17,730			666,123		98,555		144,650

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	165,512		$	1,244,813		$	401,842		$	14,577		$	671,216	$	110,522	$	134,519

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Putnam VT Income Fund, Class IA			Putnam VT International Equity Fund, Class IA			Putnam VT International Value Fund, Class IA			Putnam VT Large Cap Value Fund, Class IB		Putnam VT Mortgage Securities Fund			Putnam VT Small Cap Value Fund, Class IA			Royce Capital Fund Small Cap Portfolio, Service Class
INVESTMENT INCOME:
Dividend income	$	288,890		$	40,163		$	31,564		$	207,698	$	190,654		$	4,267		$	30,384

EXPENSES:
Mortality and expense risk		32,265			10,091			7,003			137,718		27,000			2,892			24,446
Investment advisory expenses		4,741			690			1,730			10,484		1,969			-			2,635
Total expenses		37,006			10,781			8,733			148,202		28,969			2,892			27,081

NET INVESTMENT INCOME (LOSS)		251,884			29,382			22,831			59,496		161,685			1,375			3,303

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		(248,529	)		12,918			81,101			821,695		(102,714	)		(8,621	)		8,475
Capital gain distributions		-			-			3,431			845,379		-			16,599			124,119

Net realized gain (loss) on investments		(248,529	)		12,918			84,532			1,667,074		(102,714	)		7,978			132,594

Change in net unrealized appreciation (depreciation) on investments		92,089			(10,132	)		(53,848	)		1,384,555		240,224			(32,375	)		(48,904	)

Net realized and unrealized gain (loss) on investments		(156,440	)		2,786			30,684			3,051,629		137,510			(24,397	)		83,690

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	95,444		$	32,168		$	53,515		$	3,111,125	$	299,195		$	(23,022	)	$	86,993

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Schwab Government Money Market Portfolio			Schwab S&P 500 Index Fund		Schwab VIT Balanced Portfolio		Schwab VIT Balanced with Growth Portfolio		Schwab VIT Growth Portfolio		T. Rowe Price Health Sciences Portfolio			T. Rowe Price Health Sciences Portfolio, Class II
INVESTMENT INCOME:
Dividend income	$	8,129,516		$	8,367,083	$	79,610	$	108,215	$	18,969	$	-		$	-

EXPENSES:
Mortality and expense risk		1,144,668			4,030,472		18,613		27,295		5,179		8,406			28,459
Investment advisory expenses		28,247			89,690		2,100		1,924		105		3,332			-
Total expenses		1,172,915			4,120,162		20,713		29,219		5,284		11,738			28,459

NET INVESTMENT INCOME (LOSS)		6,956,601			4,246,921		58,897		78,996		13,685		(11,738	)		(28,459	)

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		1,670			44,314,024		44,711		9,694		8,106		44,976			48,958
Capital gain distributions		1,216			-		11,736		14,707		2,941		120,642			370,103

Net realized gain (loss) on investments		2,886			44,314,024		56,447		24,401		11,047		165,618			419,061

Change in net unrealized appreciation (depreciation) on investments		(1,670	)		75,333,620		142,684		356,316		72,168		(131,292	)		(366,752	)

Net realized and unrealized gain (loss) on investments		1,216			119,647,644		199,131		380,717		83,215		34,326			52,309

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	6,957,817		$	123,894,565	$	258,028	$	459,713	$	96,900	$	22,588		$	23,850

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Templeton Foreign VIP Fund, Class 2			Templeton Global Bond VIP Fund, Class 2			Third Avenue Value Fund			Touchstone VST Bond Fund			Touchstone VST Common Stock Fund			Touchstone VST Common Stock Fund, Service Class			Touchstone VST Small Company Fund
INVESTMENT INCOME:
Dividend income	$	155,305		$	-		$	37,840		$	293,477		$	72,923		$	23,732		$	27,086

EXPENSES:
Mortality and expense risk		43,264			40,519			10,555			42,124			84,930			36,231			46,778
Investment advisory expenses		910			1,808			-			348			1,699			223			1,463
Total expenses		44,174			42,327			10,555			42,472			86,629			36,454			48,241

NET INVESTMENT INCOME (LOSS)		111,131			(42,327	)		27,285			251,005			(13,706	)		(12,722	)		(21,155	)

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		9,850			(238,016	)		61,337			(171,320	)		399,530			213,026			(3,686	)
Capital gain distributions		-			-			115,715			-			803,478			381,318			213,215

Net realized gain (loss) on investments		9,850			(238,016	)		177,052			(171,320	)		1,203,008			594,344			209,529

Change in net unrealized appreciation (depreciation) on investments		(233,584	)		(500,216	)		(238,878	)		7,836			954,149			418,927			591,285

Net realized and unrealized gain (loss) on investments		(223,734	)		(738,232	)		(61,826	)		(163,484	)		2,157,157			1,013,271			800,814

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(112,603	)	$	(780,559	)	$	(34,541	)	$	87,521		$	2,143,451		$	1,000,549		$	779,659

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	VanEck VIP Global Resources Fund			VanEck VIP Unconstrained Emerging Markets Bond Fund, Class I			Vanguard VIF Capital Growth Portfolio		Vanguard VIF Diversified Value Portfolio		Vanguard VIF Mid- Cap Index Portfolio		Vanguard VIF Real Estate Index Portfolio			Vanguard VIF Small Company Growth Portfolio
INVESTMENT INCOME:
Dividend income	$	82,180		$	217,279		$	66,224	$	102,132	$	152,463	$	127,343		$	14,368

EXPENSES:
Mortality and expense risk		24,570			22,162			32,088		34,236		58,877		22,318			14,068
Investment advisory expenses		255			269			4,907		4,020		10,800		4,950			1,891
Total expenses		24,825			22,431			36,995		38,256		69,677		27,268			15,959

NET INVESTMENT INCOME (LOSS)		57,355			194,848			29,229		63,876		82,786		100,075			(1,591	)

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments		(97,304	)		(37,362	)		234,462		165,885		144,295		(122,643	)		(52,940	)
Capital gain distributions		-			-			121,048		369,152		127,065		107,428			-

Net realized gain (loss) on investments		(97,304	)		(37,362	)		355,510		535,037		271,360		(15,215	)		(52,940	)

Change in net unrealized appreciation (depreciation) on investments		(51,219	)		(92,358	)		327,275		250,693		1,125,902		(557	)		319,568

Net realized and unrealized gain (loss) on investments		(148,523	)		(129,720	)		682,785		785,730		1,397,262		(15,772	)		266,628

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(91,168	)	$	65,128		$	712,014	$	849,606	$	1,480,048	$	84,303		$	265,037

Note: Totals may not appear to foot/crossfoot due to rounding.

(Concluded)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	AB VPS Discovery Value Portfolio, Class A			AB VPS International Value Portfolio, Class A			AB VPS Large Cap Growth Portfolio, Class A			AB VPS Relative Value Portfolio, Class A			AB VPS Sustainable International Thematic Portfolio, Class A			Alger Balanced Portfolio, Class I-2			Alger Capital Appreciation Portfolio, Class I-2
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	4,212		$	23,678		$	(148,184	)	$	94,882		$	(10,403	)	$	(7,512	)	$	(44,662	)
Net realized gain (loss) on investments		92,100			19,912			1,699,780			719,620			(693,158	)		17,739			660,349
Change in net unrealized appreciation (depreciation) on investments		225,954			14,901			3,069,117			652,898			614,499			151,984			1,656,751

Net increase (decrease) in net assets resulting from operations		322,266			58,491			4,620,713			1,467,400			(89,062	)		162,211			2,272,438

CONTRACT TRANSACTIONS:
Contract owners' net payments		145			-			3,879			-			30			-			-
Contract owners' benefits		(39,424	)		-			-			-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		(557,888	)		(190,879	)		(2,999,810	)		(2,787,562	)		(6,747,379	)		(32,460	)		(251,360	)
Adjustments to net assets allocated to contracts in payout phase		13,460			2,054			11,876			7,000			(33,268	)		5,167			1,152

Increase (decrease) in net assets resulting from Contract transactions		(583,707	)		(188,825	)		(2,984,055	)		(2,780,562	)		(6,780,617	)		(27,293	)		(250,208	)

Total increase (decrease) in net assets		(261,441	)		(130,334	)		1,636,658			(1,313,162	)		(6,869,679	)		134,918			2,022,230

NET ASSETS:
Beginning of period		3,945,860			1,318,017			19,834,983			13,283,636			6,869,679			1,008,891			5,310,287

End of period	$	3,684,419		$	1,187,683		$	21,471,641		$	11,970,474		$	-		$	1,143,809		$	7,332,517

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Alger Large Cap Growth Portfolio, Class I-2			Alger Mid Cap Growth Portfolio, Class I-2			Allspring VT Discovery All Cap Growth Fund, Class 2			Allspring VT Discovery SMID Cap Growth Fund, Class 2			Allspring VT Opportunity Fund, Class 2			ALPS Global Opportunity Portfolio, Class I			American Funds IS Capital World Bond Fund, Class 2
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(285,066	)	$	(34,338	)	$	(17,004	)	$	(59,517	)	$	(39,388	)	$	22,975		$	5,678
Net realized gain (loss) on investments		688,803			(145,873	)		31,163			(727,326	)		610,759			25,534			3,032
Change in net unrealized appreciation (depreciation) on investments		11,985,003			987,604			384,807			2,043,851			202,138			1,992			(20,193	)

Net increase (decrease) in net assets resulting from operations		12,388,740			807,393			398,966			1,257,008			773,509			50,501			(11,483	)

CONTRACT TRANSACTIONS:
Contract owners' net payments		9,484			-			1,000			-			800			-			-
Contract owners' benefits		(109,920	)		-			-			-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		(3,431,708	)		(480,505	)		(147,223	)		(795,389	)		(464,877	)		(101,359	)		30,983
Adjustments to net assets allocated to contracts in payout phase		120,198			2,979			282			17,703			40,768			-			-

Increase (decrease) in net assets resulting from Contract transactions		(3,411,946	)		(477,526	)		(145,941	)		(777,686	)		(423,309	)		(101,359	)		30,983

Total increase (decrease) in net assets		8,976,794			329,867			253,025			479,322			350,200			(50,858	)		19,500

NET ASSETS:
Beginning of period		31,616,530			4,329,653			2,014,073			7,352,364			5,630,189			331,051			327,665

End of period	$	40,593,324		$	4,659,520		$	2,267,098		$	7,831,686		$	5,980,389		$	280,193		$	347,165

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	American Funds IS Global Growth Fund, Class 1			American Funds IS Global Small Capitalization Fund, Class 2			American Funds IS Growth-Income Fund, Class 4			American Funds IS International Fund, Class 2			American Funds IS New World Fund, Class 2			American Funds IS The Bond Fund of America, Class 2			BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	26,050		$	(1,283	)	$	21,289		$	10,306		$	18,029		$	87,946		$	11,048
Net realized gain (loss) on investments		87,693			(38,210	)		604,611			(13,131	)		42,414			(257,765	)		63,325
Change in net unrealized appreciation (depreciation) on investments		141,701			41,022			602,571			52,470			89,894			196,125			(1,672	)

Net increase (decrease) in net assets resulting from operations		255,444			1,529			1,228,471			49,645			150,337			26,306			72,701

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			10,843			-			28,400			2,711			-
Contract owners' benefits		-			-			-			-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		(66,545	)		(73,058	)		(1,118,498	)		(96,495	)		(157,192	)		(604,992	)		(60,961	)
Adjustments to net assets allocated to contracts in payout phase		-			-			-			-			-			-			-

Increase (decrease) in net assets resulting from Contract transactions		(66,545	)		(73,058	)		(1,107,655	)		(96,495	)		(128,792	)		(602,281	)		(60,961	)

Total increase (decrease) in net assets		188,899			(71,529	)		120,816			(46,850	)		21,545			(575,975	)		11,740

NET ASSETS:
Beginning of period		1,955,969			317,334			7,337,460			1,989,040			2,528,264			3,072,978			729,539

End of period	$	2,144,868		$	245,805		$	7,458,276		$	1,942,190		$	2,549,809		$	2,497,003		$	741,279

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	BlackRock Global Allocation V.I. Fund, Class I			BNY Mellon IP MidCap Stock Portfolio, Initial Shares			BNY Mellon VIF Appreciation Portfolio, Initial Shares			BNY Mellon VIF Growth and Income Portfolio, Initial Shares			BNY Mellon VIF Opportunistic Small Cap Portfolio, Initial Shares			ClearBridge Variable Large Cap Growth Portfolio, Class I			ClearBridge Variable Mid Cap Portfolio, Class I
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	47,819		$	4,500		$	(33,803	)	$	(13,546	)	$	19		$	(12,819	)	$	(231	)
Net realized gain (loss) on investments		461,023			56,490			570,250			424,071			493			589,787			5,135
Change in net unrealized appreciation (depreciation) on investments		101,316			277,960			619,867			823,418			10,152			67,791			12,031

Net increase (decrease) in net assets resulting from operations		610,158			338,950			1,156,314			1,233,943			10,664			644,759			16,935

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			250			-			-			-			-
Contract owners' benefits		-			-			-			(38,178	)		-			-			-
Net transfers (to) from the Company and/or Subaccounts		(1,489,061	)		(65,546	)		(1,413,308	)		(651,999	)		(20,621	)		(674,375	)		18,798
Adjustments to net assets allocated to contracts in payout phase		688			3,163			28,282			42,832			-			13,796			-

Increase (decrease) in net assets resulting from Contract transactions		(1,488,373	)		(62,383	)		(1,384,776	)		(647,345	)		(20,621	)		(660,579	)		18,798

Total increase (decrease) in net assets		(878,215	)		276,567			(228,462	)		586,598			(9,957	)		(15,820	)		35,733

NET ASSETS:
Beginning of period		8,166,016			2,841,506			9,798,592			5,901,064			277,225			1,665,637			301,563

End of period	$	7,287,801		$	3,118,073		$	9,570,130		$	6,487,662		$	267,268		$	1,649,817		$	337,296

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	ClearBridge Variable Small Cap Growth Portfolio, Class I			Columbia VP Emerging Markets Fund, Class 2			Columbia VP Large Cap Growth Fund, Class 2			Columbia VP Seligman Global Technology Fund, Class 2			Columbia VP Small Cap Value Fund, Class 2			Delaware VIP International Series, Standard Class			Dimensional VA US Targeted Value Portfolio
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(11,067	)	$	3,416		$	(52,209	)	$	(161,028	)	$	(3,744	)	$	4,771		$	16,557
Net realized gain (loss) on investments		(99,116	)		18,898			1,047,182			2,178,682			(90,223	)		(10,394	)		314,227
Change in net unrealized appreciation (depreciation) on investments		165,625			1,203			857,212			2,836,893			220,612			12,512			(94,748	)

Net increase (decrease) in net assets resulting from operations		55,442			23,517			1,852,185			4,854,547			126,645			6,889			236,036

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			1,500			7,985			1,000			-			5,400
Contract owners' benefits		-			-			(14,157	)		-			(74,146	)		-			-
Net transfers (to) from the Company and/or Subaccounts		(233,716	)		(322,618	)		(121,459	)		(1,938,467	)		(484,064	)		(267,049	)		(229,153	)
Adjustments to net assets allocated to contracts in payout phase		-			-			10,641			(111	)		7,475			-			-

Increase (decrease) in net assets resulting from Contract transactions		(233,716	)		(322,618	)		(123,475	)		(1,930,593	)		(549,735	)		(267,049	)		(223,753	)

Total increase (decrease) in net assets		(178,274	)		(299,101	)		1,728,710			2,923,954			(423,090	)		(260,160	)		12,283

NET ASSETS:
Beginning of period		1,975,148			545,830			6,675,606			19,813,356			2,218,736			260,160			2,583,656

End of period	$	1,796,874		$	246,729		$	8,404,316		$	22,737,310		$	1,795,646		$	-		$	2,595,939

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	DWS Capital Growth VIP, Class A			DWS Core Equity VIP, Class A			DWS CROCI U.S. VIP, Class A			DWS Global Small Cap VIP, Class A			DWS Small Cap Index VIP, Class A			DWS Small Mid Cap Growth VIP, Class A			DWS Small Mid Cap Value VIP, Class A
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(190,353	)	$	10,394		$	35,460		$	7,614		$	121,956		$	(10,912	)	$	14,736
Net realized gain (loss) on investments		3,609,457			1,346,255			63,696			50,011			349,661			(7,961	)		146,988
Change in net unrealized appreciation (depreciation) on investments		3,941,156			1,453,016			661,374			238			2,222,836			87,120			(1,249	)

Net increase (decrease) in net assets resulting from operations		7,360,260			2,809,665			760,530			57,863			2,694,453			68,247			160,475

CONTRACT TRANSACTIONS:
Contract owners' net payments		46,500			17,764			3,208			-			48,162			-			850
Contract owners' benefits		-			(27,005	)		-			-			(4,972	)		(24,084	)		(8,687	)
Net transfers (to) from the Company and/or Subaccounts		(2,579,130	)		(2,491,027	)		(422,627	)		(74,772	)		(1,149,731	)		(103,879	)		(325,353	)
Adjustments to net assets allocated to contracts in payout phase		101,436			28,945			9,673			-			94,151			20,736			4,218

Increase (decrease) in net assets resulting from Contract transactions		(2,431,194	)		(2,471,323	)		(409,746	)		(74,772	)		(1,012,390	)		(107,227	)		(328,972	)

Total increase (decrease) in net assets		4,929,066			338,342			350,784			(16,909	)		1,682,063			(38,980	)		(168,497	)

NET ASSETS:
Beginning of period		29,894,046			14,725,204			4,648,024			997,608			27,438,610			1,497,843			3,149,235

End of period	$	34,823,112		$	15,063,546		$	4,998,808		$	980,699		$	29,120,673		$	1,458,863		$	2,980,738

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Aggressive Profile Fund, Investor Class			Empower Ariel Mid Cap Value Fund, Investor Class			Empower Bond Index Fund, Investor Class			Empower Conservative Profile Fund, Investor Class			Empower International Index Fund, Investor Class			Empower International Value Fund, Investor Class			Empower Lifetime 2015 Fund, Investor Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	5,422		$	(37	)	$	140,554		$	79,776		$	44,043		$	3,664		$	532
Net realized gain (loss) on investments		10,582			(1,779	)		(222,750	)		33,796			37,373			22,708			(25,007	)
Change in net unrealized appreciation (depreciation) on investments		7,242			3,290			96,370			47,493			(11,296	)		(19,031	)		28,079

Net increase (decrease) in net assets resulting from operations		23,246			1,474			14,174			161,065			70,120			7,341			3,604

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			2,320			-			-			-			-
Contract owners' benefits		-			-			-			-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		(5,878	)		(49,413	)		143,326			(415,423	)		238,834			54,963			(175,085	)
Adjustments to net assets allocated to contracts in payout phase		-			-			-			5,661			-			-			-

Increase (decrease) in net assets resulting from Contract transactions		(5,878	)		(49,413	)		145,646			(409,762	)		238,834			54,963			(175,085	)

Total increase (decrease) in net assets		17,368			(47,939	)		159,820			(248,697	)		308,954			62,304			(171,481	)

NET ASSETS:
Beginning of period		204,480			47,939			8,057,169			3,660,691			3,033,147			291,256			219,551

End of period	$	221,848		$	-		$	8,216,989		$	3,411,994		$	3,342,101		$	353,560		$	48,070

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Lifetime 2020 Fund, Investor Class			Empower Lifetime 2025 Fund, Investor Class			Empower Lifetime 2030 Fund, Investor Class		Empower Lifetime 2035 Fund, Investor Class		Empower Lifetime 2040 Fund, Investor Class		Empower Lifetime 2045 Fund, Investor Class		Empower Lifetime 2050 Fund, Investor Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	14,929		$	10,041		$	15,560	$	3,080	$	514	$	1,650	$	1,418
Net realized gain (loss) on investments		7,019			10,159			17,185		7,538		1,011		5,466		3,223
Change in net unrealized appreciation (depreciation) on investments		18,028			17,235			11,964		5,660		795		4,758		2,411

Net increase (decrease) in net assets resulting from operations		39,976			37,435			44,709		16,278		2,320		11,874		7,052

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			20,006		-		-		-		-
Contract owners' benefits		-			-			-		-		-		-		-
Net transfers (to) from the Company and/or Subaccounts		(815	)		(53,200	)		59,663		-		1		-		1
Adjustments to net assets allocated to contracts in payout phase		-			-			-		-		-		-		-

Increase (decrease) in net assets resulting from Contract transactions		(815	)		(53,200	)		79,669		-		1		-		1

Total increase (decrease) in net assets		39,161			(15,765	)		124,378		16,278		2,321		11,874		7,053

NET ASSETS:
Beginning of period		638,547			583,789			573,134		191,467		24,515		117,206		66,576

End of period	$	677,708		$	568,024		$	697,512	$	207,745	$	26,836	$	129,080	$	73,629

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Lifetime 2055 Fund, Investor Class		Empower Lifetime 2060 Fund, Investor Class		Empower Mid Cap Value Fund, Investor Class			Empower Moderate Profile Fund, Investor Class			Empower Moderately Aggressive Profile Fund, Investor Class			Empower Moderately Conservative Profile Fund, Investor Class			Empower Multi-Sector Bond Fund, Investor Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	743	$	1,434	$	64,336		$	233,677		$	101,178		$	96,880		$	194,684
Net realized gain (loss) on investments		3,704		3,100		13,259			376,666			114,878			50,917			(23,144	)
Change in net unrealized appreciation (depreciation) on investments		7,079		3,021		46,260			66,853			130,063			104,112			124,578

Net increase (decrease) in net assets resulting from operations		11,526		7,555		123,855			677,196			346,119			251,909			296,118

CONTRACT TRANSACTIONS:
Contract owners' net payments		-		-		-			-			12,000			-			-
Contract owners' benefits		-		-		-			-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		-		1		(7,728	)		(26,115	)		(414,603	)		(437,458	)		377,775
Adjustments to net assets allocated to contracts in payout phase		-		-		-			24,676			-			-			1,749

Increase (decrease) in net assets resulting from Contract transactions		-		1		(7,728	)		(1,439	)		(402,603	)		(437,458	)		379,524

Total increase (decrease) in net assets		11,526		7,556		116,127			675,757			(56,484	)		(185,549	)		675,642

NET ASSETS:
Beginning of period		110,683		74,239		854,339			9,042,671			4,004,233			4,600,191			6,138,513

End of period	$	122,209	$	81,795	$	970,466		$	9,718,428		$	3,947,749		$	4,414,642		$	6,814,155

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Empower Real Estate Index Fund, Investor Class		Empower SecureFoundation Balanced Fund, Investor Class			Empower Small Cap Value Fund, Investor Class			Empower T. Rowe Price Mid Cap Growth Fund, Investor Class			Federated Hermes Fund for U.S. Government Securities II			Federated Hermes Managed Volatility Fund II			Franklin Small Cap Value VIP Fund, Class 2
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	6,420	$	2,235,677		$	(6,491	)	$	(11,022	)	$	555,875		$	26,716		$	8,997
Net realized gain (loss) on investments		12,813		8,932,359			14,788			127,922			(729,722	)		(9,379	)		91,148
Change in net unrealized appreciation (depreciation) on investments		2,320		530,468			66,451			8,656			100,171			247,042			294,236

Net increase (decrease) in net assets resulting from operations		21,553		11,698,504			74,748			125,556			(73,676	)		264,379			394,381

CONTRACT TRANSACTIONS:
Contract owners' net payments		-		107,375			-			16,740			-			-			8,348
Contract owners' benefits		-		-			-			-			(14,357	)		-			-
Net transfers (to) from the Company and/or Subaccounts		2,774		(22,746,035	)		(20,066	)		(349,073	)		(2,318,367	)		(86,581	)		(403,715	)
Adjustments to net assets allocated to contracts in payout phase		-		7,694			-			-			73,796			7,752			20,014

Increase (decrease) in net assets resulting from Contract transactions		2,774		(22,630,966	)		(20,066	)		(332,333	)		(2,258,928	)		(78,829	)		(375,353	)

Total increase (decrease) in net assets		24,327		(10,932,462	)		54,682			(206,777	)		(2,332,604	)		185,550			19,028

NET ASSETS:
Beginning of period		311,490		164,185,097			992,759			1,884,490			21,076,870			1,863,661			4,170,972

End of period	$	335,817	$	153,252,635		$	1,047,441		$	1,677,713		$	18,744,266		$	2,049,211		$	4,190,000

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares		Invesco Oppenheimer V.I. International Growth Fund, Series I			Invesco V.I. Comstock Fund, Series I			Invesco V.I. Core Equity Fund, Series I			Invesco V.I. EQV International Equity Fund, Series I			Invesco V.I. Global Fund, Series I			Invesco V.I. Growth and Income Fund, Series I
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	1,245	$	(5,891	)	$	67,943		$	(5,826	)	$	110,315		$	(237,494	)	$	66,041
Net realized gain (loss) on investments		4		453,195			673,910			347,257			(2,534	)		1,791,742			643,235
Change in net unrealized appreciation (depreciation) on investments		264		(645,441	)		183,386			512,827			(69,240	)		2,981,914			561,273

Net increase (decrease) in net assets resulting from operations		1,513		(198,137	)		925,239			854,258			38,541			4,536,162			1,270,549

CONTRACT TRANSACTIONS:
Contract owners' net payments		-		2,025			24,668			-			13,227			30,452			2,800
Contract owners' benefits		-		(63,155	)		-			-			(4,787	)		(270,776	)		(214,886	)
Net transfers (to) from the Company and/or Subaccounts		-		(1,085,939	)		(1,051,721	)		(97,254	)		(1,525,016	)		(2,870,998	)		(410,281	)
Adjustments to net assets allocated to contracts in payout phase		-		19,716			3,938			33,070			27,329			88,359			49,613

Increase (decrease) in net assets resulting from Contract transactions		-		(1,127,353	)		(1,023,115	)		(64,184	)		(1,489,247	)		(3,022,963	)		(572,754	)

Total increase (decrease) in net assets		1,513		(1,325,490	)		(97,876	)		790,074			(1,450,706	)		1,513,199			697,795

NET ASSETS:
Beginning of period		57,551		11,000,791			6,766,489			3,533,260			11,949,834			30,515,998			8,734,956

End of period	$	59,064	$	9,675,301		$	6,668,613		$	4,323,334		$	10,499,128		$	32,029,197		$	9,432,751

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Invesco V.I. High Yield Fund, Series I			Invesco V.I. Main Street Mid Cap Fund			Invesco V.I. Main Street Small Cap Fund			Invesco V.I. Small Cap Equity Fund, Series I			Invesco V.I. Technology Fund, Series I			Janus Henderson Balanced Fund, Class I			Janus Henderson Flexible Bond Portfolio
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	182,157		$	(5,807	)	$	(18,325	)	$	(13,587	)	$	(36,882	)	$	215,495		$	557,065
Net realized gain (loss) on investments		(23,881	)		26,829			128,632			47,731			238,092			1,094,496			(339,105	)
Change in net unrealized appreciation (depreciation) on investments		95,896			207,908			96,783			320,287			1,168,223			828,793			(50,702	)

Net increase (decrease) in net assets resulting from operations		254,172			228,930			207,090			354,431			1,369,433			2,138,784			167,258

CONTRACT TRANSACTIONS:
Contract owners' net payments		2,250			-			-			-			-			1,000			40,990
Contract owners' benefits		(10,547	)		-			-			-			(25,272	)		-			(15,851	)
Net transfers (to) from the Company and/or Subaccounts		(568,356	)		260,981			1,191,206			(50,296	)		47,528			(2,851,008	)		(924,702	)
Adjustments to net assets allocated to contracts in payout phase		16,490			581			632			2,755			8,391			44,914			46,552

Increase (decrease) in net assets resulting from Contract transactions		(560,163	)		261,562			1,191,838			(47,541	)		30,647			(2,805,094	)		(853,011	)

Total increase (decrease) in net assets		(305,991	)		490,492			1,398,928			306,890			1,400,080			(666,310	)		(685,753	)

NET ASSETS:
Beginning of period		4,137,582			1,358,160			2,044,754			2,231,942			4,039,271			15,823,158			13,790,407

End of period	$	3,831,591		$	1,848,652		$	3,443,682		$	2,538,832		$	5,439,351		$	15,156,848		$	13,104,654

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Janus Henderson Flexible Bond Portfolio, Service Shares			Janus Henderson Global Research Fund, Class I		Janus Henderson Overseas Fund, Class S			Janus Henderson Overseas Portfolio, Institutional Shares			Janus Henderson Research Portfolio, Institutional Shares			Janus Henderson VIT Balanced Portfolio, Service Shares			Janus Henderson VIT Global Technology and Innovation Portfolio, Institutional Shares
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	1,024,321		$	994	$	6,214		$	15,170		$	(93,809	)	$	1,372,290		$	(12,502	)
Net realized gain (loss) on investments		(1,018,361	)		980,623		45,271			56,761			704,805			5,186,849			4,348
Change in net unrealized appreciation (depreciation) on investments		254,897			2,316,980		19,047			69,625			2,642,288			11,292,437			434,154

Net increase (decrease) in net assets resulting from operations		260,857			3,298,597		70,532			141,556			3,253,284			17,851,576			426,000

CONTRACT TRANSACTIONS:
Contract owners' net payments		528			-		2,480			-			-			(5,065	)		-
Contract owners' benefits		-			-		-			-			-			(39,078	)		-
Net transfers (to) from the Company and/or Subaccounts		(3,578,719	)		416,940		(59,662	)		(248,409	)		(805,630	)		(10,049,887	)		(132,055	)
Adjustments to net assets allocated to contracts in payout phase		69,806			39,485		9,093			10,221			85,934			175,957			(595	)

Increase (decrease) in net assets resulting from Contract transactions		(3,508,385	)		456,425		(48,089	)		(238,188	)		(719,696	)		(9,918,073	)		(132,650	)

Total increase (decrease) in net assets		(3,247,528	)		3,755,022		22,443			(96,632	)		2,533,588			7,933,503			293,350

NET ASSETS:
Beginning of period		32,360,534			14,505,420		1,438,045			3,006,070			10,023,325			127,207,020			1,433,479

End of period	$	29,113,006		$	18,260,442	$	1,460,488		$	2,909,438		$	12,556,913		$	135,140,523		$	1,726,829

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares			Lazard Retirement Emerging Markets Equity Portfolio			Lord Abbett Series Fund Short Duration Income Portfolio			LVIP American Century Balanced Fund, Standard Class II			LVIP American Century Disciplined Core Value Fund, Standard Class II			LVIP American Century International Fund, Standard Class II			LVIP American Century Mid Cap Value Fund, Service Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(128,400	)	$	296,195		$	75,216		$	362,432		$	60,989		$	62,758		$	180,305
Net realized gain (loss) on investments		2,129,903			108,092			(119,345	)		405,633			(87,989	)		(105,837	)		468,586
Change in net unrealized appreciation (depreciation) on investments		2,709,388			294,652			129,698			2,315,544			1,151,496			147,802			177,558

Net increase (decrease) in net assets resulting from operations		4,710,891			698,939			85,569			3,083,609			1,124,496			104,723			826,449

CONTRACT TRANSACTIONS:
Contract owners' net payments		900			9,228			-			11,308			-			1,000			4,283
Contract owners' benefits		-			(36,085	)		-			-			(36,421	)		(22,102	)		-
Net transfers (to) from the Company and/or Subaccounts		(1,968,511	)		(442,230	)		(1,194,713	)		(4,677,007	)		(462,415	)		(15,326	)		(1,143,798	)
Adjustments to net assets allocated to contracts in payout phase		(3,043	)		61,107			-			48,286			10,456			9,859			17,030

Increase (decrease) in net assets resulting from Contract transactions		(1,970,654	)		(407,980	)		(1,194,713	)		(4,617,413	)		(488,380	)		(26,569	)		(1,122,485	)

Total increase (decrease) in net assets		2,740,237			290,959			(1,109,144	)		(1,533,804	)		636,116			78,154			(296,036	)

NET ASSETS:
Beginning of period		15,763,541			11,063,954			3,153,894			29,018,666			9,541,246			6,732,652			11,155,511

End of period	$	18,503,778		$	11,354,913		$	2,044,750		$	27,484,862		$	10,177,362		$	6,810,806		$	10,859,475

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	LVIP American Century Value Fund, Standard Class II			LVIP Baron Growth Opportunities Fund, Service Class			LVIP JPMorgan Core Bond Fund, Standard Class			LVIP JPMorgan Small Cap Core Fund, Standard Class			LVIP Macquarie SMID Cap Core Fund, Standard Class			LVIP Macquarie Value Fund, Standard Class			Macquarie VIP Emerging Markets Series, Standard Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	426,285		$	(102,756	)	$	44,282		$	853		$	(10,666	)	$	14,573		$	73,182
Net realized gain (loss) on investments		2,012,223			825,306			32,103			12,887			556,328			37,583			(124,582	)
Change in net unrealized appreciation (depreciation) on investments		(635,344	)		158,757			(72,679	)		341,366			415,106			16,218			231,760

Net increase (decrease) in net assets resulting from operations		1,803,164			881,307			3,706			355,106			960,768			68,374			180,360

CONTRACT TRANSACTIONS:
Contract owners' net payments		43,329			(3,978	)		-			-			24,643			-			-
Contract owners' benefits		(183,213	)		(96,277	)		-			-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		(4,619,552	)		(1,287,177	)		231,547			(401,239	)		(661,719	)		(42,903	)		(518,976	)
Adjustments to net assets allocated to contracts in payout phase		71,792			125,411			-			2,346			11,466			-			(4,059	)

Increase (decrease) in net assets resulting from Contract transactions		(4,687,644	)		(1,262,021	)		231,547			(398,893	)		(625,610	)		(42,903	)		(523,035	)

Total increase (decrease) in net assets		(2,884,480	)		(380,714	)		235,253			(43,787	)		335,158			25,471			(342,675	)

NET ASSETS:
Beginning of period		22,265,081			19,844,075			933,477			3,035,310			6,998,349			1,045,641			3,608,024

End of period	$	19,380,601		$	19,463,361		$	1,168,730		$	2,991,523		$	7,333,507		$	1,071,112		$	3,265,349

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Macquarie VIP International Core Equity Series, Service Class			Macquarie VIP International Core Equity Series, Standard Class			Macquarie VIP Small Cap Value Series, Standard Class			MFS Blended Research Small Cap Equity Portfolio, Initial Class			MFS Core Equity Portfolio, Service Class			MFS International Growth Portfolio, Initial Class			MFS International Intrinsic Value Portfolio, Service Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	10,391		$	2,240		$	119,577		$	583		$	(362	)	$	5,321		$	136,414
Net realized gain (loss) on investments		4,003			1,204			874,410			(17,350	)		5,983			(3,875	)		2,786,344
Change in net unrealized appreciation (depreciation) on investments		31,718			(1,753	)		895,497			19,069			11,564			134,704			(651,376	)

Net increase (decrease) in net assets resulting from operations		46,112			1,691			1,889,484			2,302			17,185			136,150			2,271,382

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			1,390			-			-			-			80,542
Contract owners' benefits		-			-			(236,394	)		-			-			-			(6,643	)
Net transfers (to) from the Company and/or Subaccounts		(202,125	)		212,807			(1,576,355	)		(22,136	)		53,338			(110,272	)		(4,336,410	)
Adjustments to net assets allocated to contracts in payout phase		-			-			34,699			-			-			-			32,760

Increase (decrease) in net assets resulting from Contract transactions		(202,125	)		212,807			(1,776,660	)		(22,136	)		53,338			(110,272	)		(4,229,751	)

Total increase (decrease) in net assets		(156,013	)		214,498			112,824			(19,834	)		70,523			25,878			(1,958,369	)

NET ASSETS:
Beginning of period		1,577,744			-			19,029,888			282,142			69,761			1,754,642			35,198,593

End of period	$	1,421,731		$	214,498		$	19,142,712		$	262,308		$	140,284		$	1,780,520		$	33,240,224

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	MFS Mid Cap Value Portfolio, Initial Class			MFS Utilities Series, Service Class			Morgan Stanley VIF U.S. Real Estate Portfolio, Class I			Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio, Class S			Neuberger Berman AMT Sustainable Equity Portfolio, Class S			NVIT Mid Cap Index Fund, Class II			PIMCO Commodity RealReturn Strategy Portfolio, Admin Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	3,672		$	70,095		$	45,816		$	(2,349	)	$	(4,119	)	$	32,924		$	39,177
Net realized gain (loss) on investments		55,065			130,247			(404,693	)		18,088			42,722			463,801			(294,139	)
Change in net unrealized appreciation (depreciation) on investments		9,542			286,743			686,788			32,046			142,611			1,975,390			344,670

Net increase (decrease) in net assets resulting from operations		68,279			487,085			327,911			47,785			181,214			2,472,115			89,708

CONTRACT TRANSACTIONS:
Contract owners' net payments		1,740			1,625			30			-			-			65,304			-
Contract owners' benefits		-			-			-			-			-			(47,865	)		-
Net transfers (to) from the Company and/or Subaccounts		(305,621	)		(1,027,242	)		(2,940,238	)		(44,026	)		(1	)		(546,418	)		(147,119	)
Adjustments to net assets allocated to contracts in payout phase		-			16,536			(47,128	)		2,805			-			80,476			328

Increase (decrease) in net assets resulting from Contract transactions		(303,881	)		(1,009,081	)		(2,987,336	)		(41,221	)		(1	)		(448,503	)		(146,791	)

Total increase (decrease) in net assets		(235,602	)		(521,996	)		(2,659,425	)		6,564			181,213			2,023,612			(57,083	)

NET ASSETS:
Beginning of period		922,350			5,834,252			2,659,425			640,811			727,629			20,730,129			2,575,347

End of period	$	686,748		$	5,312,256		$	-		$	647,375		$	908,842		$	22,753,741		$	2,518,264

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	PIMCO Emerging Markets Bond Portfolio, Admin Class			PIMCO High Yield Portfolio, Admin Class			PIMCO Low Duration Portfolio, Admin Class			PIMCO Real Return Portfolio, Admin Class			PIMCO Total Return Portfolio, Admin Class			Pioneer Bond VCT Portfolio			Pioneer Fund VCT Portfolio, Class I
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	40,998		$	1,176,794		$	1,883,666		$	55,330		$	3,634,841		$	97,911		$	(342	)
Net realized gain (loss) on investments		1,813			(182,972	)		(625,672	)		(102,746	)		(2,819,330	)		(150,287	)		652,875
Change in net unrealized appreciation (depreciation) on investments		7,689			380,649			859,940			76,977			1,111,287			45,934			672,364

Net increase (decrease) in net assets resulting from operations		50,500			1,374,471			2,117,934			29,561			1,926,798			(6,442	)		1,324,897

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			16,706			42,678			300			217,270			-			5,220
Contract owners' benefits		-			(36,393	)		(138,680	)		-			(18,760	)		-			-
Net transfers (to) from the Company and/or Subaccounts		(90,098	)		(1,408,552	)		(2,198,091	)		68,482			(1,299,063	)		1,782,429			586,436
Adjustments to net assets allocated to contracts in payout phase		-			36,406			86,014			759			180,776			-			48,147

Increase (decrease) in net assets resulting from Contract transactions		(90,098	)		(1,391,833	)		(2,208,079	)		69,541			(919,777	)		1,782,429			639,803

Total increase (decrease) in net assets		(39,598	)		(17,362	)		(90,145	)		99,102			1,007,021			1,775,987			1,964,700

NET ASSETS:
Beginning of period		707,623			22,878,678			58,441,987			2,953,707			108,411,537			1,732,010			4,634,538

End of period	$	668,025		$	22,861,316		$	58,351,842		$	3,052,809		$	109,418,558		$	3,507,997		$	6,599,238

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Pioneer Mid Cap Value VCT Portfolio, Class II		Pioneer Select Mid Cap Growth VCT Portfolio, Class I			Prudential Series Fund Equity Portfolio, Class II			Prudential Series Fund Natural Resources Portfolio, Class II			Putnam VT Core Equity Fund, Class IA		Putnam VT Global Asset Allocation Fund, Class IA			Putnam VT Global Health Care Fund, Class IB
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	15,837	$	(50,700	)	$	(14,990	)	$	(3,153	)	$	5,093	$	11,967		$	(10,131	)
Net realized gain (loss) on investments		41,184		(2,113	)		35,677			2,809			366,716		7,029			315,718
Change in net unrealized appreciation (depreciation) on investments		108,491		1,297,626			381,155			14,921			299,407		91,526			(171,068	)

Net increase (decrease) in net assets resulting from operations		165,512		1,244,813			401,842			14,577			671,216		110,522			134,519

CONTRACT TRANSACTIONS:
Contract owners' net payments		-		1,500			-			-			-		-			-
Contract owners' benefits		-		(3,791	)		-			-			-		-			-
Net transfers (to) from the Company and/or Subaccounts		48,817		158,279			(37,703	)		(15,575	)		661,179		(40,347	)		(1,626,938	)
Adjustments to net assets allocated to contracts in payout phase		2,693		384			(6,721	)		-			-		-			2,908

Increase (decrease) in net assets resulting from Contract transactions		51,510		156,372			(44,424	)		(15,575	)		661,179		(40,347	)		(1,624,030	)

Total increase (decrease) in net assets		217,022		1,401,185			357,418			(998	)		1,332,395		70,175			(1,489,511	)

NET ASSETS:
Beginning of period		1,671,491		5,507,093			1,643,161			429,774			2,511,161		714,158			4,317,034

End of period	$	1,888,513	$	6,908,278		$	2,000,579		$	428,776		$	3,843,556	$	784,333		$	2,827,523

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Putnam VT Income Fund, Class IA			Putnam VT International Equity Fund, Class IA			Putnam VT International Value Fund, Class IA			Putnam VT Large Cap Value Fund, Class IB		Putnam VT Mortgage Securities Fund			Putnam VT Small Cap Value Fund, Class IA			Royce Capital Fund Small Cap Portfolio, Service Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	251,884		$	29,382		$	22,831		$	59,496	$	161,685		$	1,375		$	3,303
Net realized gain (loss) on investments		(248,529	)		12,918			84,532			1,667,074		(102,714	)		7,978			132,594
Change in net unrealized appreciation (depreciation) on investments		92,089			(10,132	)		(53,848	)		1,384,555		240,224			(32,375	)		(48,904	)

Net increase (decrease) in net assets resulting from operations		95,444			32,168			53,515			3,111,125		299,195			(23,022	)		86,993

CONTRACT TRANSACTIONS:
Contract owners' net payments		98,572			960			-			42,620		-			-			-
Contract owners' benefits		-			-			-			-		-			-			-
Net transfers (to) from the Company and/or Subaccounts		179,327			(12,750	)		(126,190	)		976,959		28,641			125,558			(312,259	)
Adjustments to net assets allocated to contracts in payout phase		-			-			-			64,491		7,423			-			3,927

Increase (decrease) in net assets resulting from Contract transactions		277,899			(11,790	)		(126,190	)		1,084,070		36,064			125,558			(308,332	)

Total increase (decrease) in net assets		373,343			20,378			(72,675	)		4,195,195		335,259			102,536			(221,339	)

NET ASSETS:
Beginning of period		5,029,129			1,560,805			1,207,344			16,904,359		2,512,415			374,172			3,253,542

End of period	$	5,402,472		$	1,581,183		$	1,134,669		$	21,099,554	$	2,847,674		$	476,708		$	3,032,203

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Schwab Government Money Market Portfolio			Schwab S&P 500 Index Fund			Schwab VIT Balanced Portfolio			Schwab VIT Balanced with Growth Portfolio		Schwab VIT Growth Portfolio		T. Rowe Price Health Sciences Portfolio			T. Rowe Price Health Sciences Portfolio, Class II
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	6,956,601		$	4,246,921		$	58,897		$	78,996	$	13,685	$	(11,738	)	$	(28,459	)
Net realized gain (loss) on investments		2,886			44,314,024			56,447			24,401		11,047		165,618			419,061
Change in net unrealized appreciation (depreciation) on investments		(1,670	)		75,333,620			142,684			356,316		72,168		(131,292	)		(366,752	)

Net increase (decrease) in net assets resulting from operations		6,957,817			123,894,565			258,028			459,713		96,900		22,588			23,850

CONTRACT TRANSACTIONS:
Contract owners' net payments		180,213			598,717			-			-		-		-			-
Contract owners' benefits		(31,766,015	)		(1,040,190	)		-			-		-		-			-
Net transfers (to) from the Company and/or Subaccounts		26,135,823			(54,652,231	)		(96,344	)		16,824		362,788		(179,063	)		56,242
Adjustments to net assets allocated to contracts in payout phase		241,628			1,110,590			-			-		-		(232	)		1,149

Increase (decrease) in net assets resulting from Contract transactions		(5,208,351	)		(53,983,114	)		(96,344	)		16,824		362,788		(179,295	)		57,391

Total increase (decrease) in net assets		1,749,466			69,911,451			161,684			476,537		459,688		(156,707	)		81,241

NET ASSETS:
Beginning of period		165,244,549			537,550,333			3,564,345			4,925,817		836,472		1,531,876			3,792,403

End of period	$	166,994,015		$	607,461,784		$	3,726,029		$	5,402,354	$	1,296,160	$	1,375,169		$	3,873,644

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	Templeton Foreign VIP Fund, Class 2			Templeton Global Bond VIP Fund, Class 2			Third Avenue Value Fund			Touchstone VST Bond Fund			Touchstone VST Common Stock Fund			Touchstone VST Common Stock Fund, Service Class			Touchstone VST Small Company Fund
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	111,131		$	(42,327	)	$	27,285		$	251,005		$	(13,706	)	$	(12,722	)	$	(21,155	)
Net realized gain (loss) on investments		9,850			(238,016	)		177,052			(171,320	)		1,203,008			594,344			209,529
Change in net unrealized appreciation (depreciation) on investments		(233,584	)		(500,216	)		(238,878	)		7,836			954,149			418,927			591,285

Net increase (decrease) in net assets resulting from operations		(112,603	)		(780,559	)		(34,541	)		87,521			2,143,451			1,000,549			779,659

CONTRACT TRANSACTIONS:
Contract owners' net payments		25			-			-			-			-			-			3,600
Contract owners' benefits		(13,903	)		-			-			-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		(80,004	)		(381,325	)		(130,830	)		(1,375,024	)		(1,238,988	)		(536,080	)		(718,564	)
Adjustments to net assets allocated to contracts in payout phase		3,180			6,844			1,576			4,555			16,091			7,148			18,641

Increase (decrease) in net assets resulting from Contract transactions		(90,702	)		(374,481	)		(129,254	)		(1,370,469	)		(1,222,897	)		(528,932	)		(696,323	)

Total increase (decrease) in net assets		(203,305	)		(1,155,040	)		(163,795	)		(1,282,948	)		920,554			471,617			83,336

NET ASSETS:
Beginning of period		6,237,087			6,824,032			1,511,442			6,737,488			10,918,070			5,087,910			6,398,821

End of period	$	6,033,782		$	5,668,992		$	1,347,647		$	5,454,540		$	11,838,624		$	5,559,527		$	6,482,157

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2024

	SUBACCOUNTS
	VanEck VIP Global Resources Fund			VanEck VIP Unconstrained Emerging Markets Bond Fund, Class I			Vanguard VIF Capital Growth Portfolio			Vanguard VIF Diversified Value Portfolio			Vanguard VIF Mid-Cap Index Portfolio			Vanguard VIF Real Estate Index Portfolio			Vanguard VIF Small Company Growth Portfolio
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	57,355		$	194,848		$	29,229		$	63,876		$	82,786		$	100,075		$	(1,591	)
Net realized gain (loss) on investments		(97,304	)		(37,362	)		355,510			535,037			271,360			(15,215	)		(52,940	)
Change in net unrealized appreciation (depreciation) on investments		(51,219	)		(92,358	)		327,275			250,693			1,125,902			(557	)		319,568

Net increase (decrease) in net assets resulting from operations		(91,168	)		65,128			712,014			849,606			1,480,048			84,303			265,037

CONTRACT TRANSACTIONS:
Contract owners' net payments		24,643			-			27,643			3,000			29,391			4,333			-
Contract owners' benefits		-			-			-			-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		(1,267,285	)		(241,676	)		(591,753	)		(578,091	)		(616,406	)		604,176			(277,631	)
Adjustments to net assets allocated to contracts in payout phase		23,320			9,204			(140	)		217			(325	)		153			37

Increase (decrease) in net assets resulting from Contract transactions		(1,219,322	)		(232,472	)		(564,250	)		(574,874	)		(587,340	)		608,662			(277,594	)

Total increase (decrease) in net assets		(1,310,490	)		(167,344	)		147,764			274,732			892,708			692,965			(12,557	)

NET ASSETS:
Beginning of period		4,056,452			3,020,720			5,930,696			6,244,691			10,584,628			4,104,076			2,682,829

End of period	$	2,745,962		$	2,853,376		$	6,078,460		$	6,519,423		$	11,477,336		$	4,797,041		$	2,670,272

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	AB VPS Discovery Value Portfolio, Class A			AB VPS International Value Portfolio, Class A			AB VPS Large Cap Growth Portfolio, Class A			AB VPS Relative Value Portfolio, Class A			AB VPS Sustainable International Thematic Portfolio, Class A			Alger Balanced Portfolio, Class I-2			Alger Capital Appreciation Portfolio, Class I-2
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	11,918		$	94		$	(130,233	)	$	92,820		$	(49,684	)	$	7,270		$	(28,769	)
Net realized gain (loss) on investments		214,125			7,820			1,140,928			968,653			185,224			28,540			(528,488	)
Change in net unrealized appreciation (depreciation) on investments		343,192			186,330			4,106,060			225,308			611,633			110,938			1,895,754

Net increase (decrease) in net assets resulting from operations		569,235			194,244			5,116,755			1,286,781			747,173			146,748			1,338,497

CONTRACT TRANSACTIONS:
Contract owners' net payments		185			-			3,430			-			180			-			-
Contract owners' benefits		(1,203	)		(86,573	)		-			(27,997	)		-			-			-
Net transfers (to) from the Company and/or Subaccounts		(539,065	)		(234,994	)		(131,381	)		1,051,879			(472,975	)		(93,617	)		1,044,594
Adjustments to net assets allocated to contracts in payout phase		(2,535	)		1,471			(15,470	)		2,715			(1,211	)		(16,432	)		(729	)

Increase (decrease) in net assets resulting from Contract transactions		(542,618	)		(320,096	)		(143,421	)		1,026,597			(474,006	)		(110,049	)		1,043,865

Total increase (decrease) in net assets		26,617			(125,852	)		4,973,334			2,313,378			273,167			36,699			2,382,362

NET ASSETS:
Beginning of period		3,919,243			1,443,869			14,861,649			10,970,258			6,596,512			972,192			2,927,925

End of period	$	3,945,860		$	1,318,017		$	19,834,983		$	13,283,636		$	6,869,679		$	1,008,891		$	5,310,287

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	Alger Large Cap Growth Portfolio, Class I-2			Alger Mid Cap Growth Portfolio, Class I-2			Allspring VT Discovery All Cap Growth Fund, Class 2			Allspring VT Discovery SMID Cap Growth Fund, Class 2			Allspring VT Opportunity Fund, Class 2			ALPS Global Opportunity Portfolio, Class I			American Funds IS Capital World Bond Fund, Class 2
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(224,588	)	$	(32,217	)	$	(14,517	)	$	(54,359	)	$	(38,244	)	$	(1,689	)	$	(796	)
Net realized gain (loss) on investments		(445,312	)		(231,793	)		(172,878	)		(1,357,888	)		409,848			(8,939	)		(95	)
Change in net unrealized appreciation (depreciation) on investments		8,444,365			1,109,430			716,388			2,740,043			849,035			73,500			11,682

Net increase (decrease) in net assets resulting from operations		7,774,465			845,420			528,993			1,327,796			1,220,639			62,872			10,791

CONTRACT TRANSACTIONS:
Contract owners' net payments		14,164			-			6,000			-			960			-			-
Contract owners' benefits		(8,480	)		(31,063	)		-			-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		(1,802,414	)		(452,652	)		(422,713	)		(1,045,584	)		(642,451	)		101,258			181,213
Adjustments to net assets allocated to contracts in payout phase		23,190			(4,441	)		(47,330	)		4,160			(28,661	)		-			-

Increase (decrease) in net assets resulting from Contract transactions		(1,773,540	)		(488,156	)		(464,043	)		(1,041,424	)		(670,152	)		101,258			181,213

Total increase (decrease) in net assets		6,000,925			357,264			64,950			286,372			550,487			164,130			192,004

NET ASSETS:
Beginning of period		25,615,605			3,972,389			1,949,123			7,065,992			5,079,702			166,921			135,661

End of period	$	31,616,530		$	4,329,653		$	2,014,073		$	7,352,364		$	5,630,189		$	331,051		$	327,665

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	American Funds IS Global Growth Fund, Class 1			American Funds IS Global Small Capitalization Fund, Class 2			American Funds IS Growth-Income Fund, Class 4			American Funds IS International Fund, Class 2			American Funds IS New World Fund, Class 2			American Funds IS The Bond Fund of America, Class 2			BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	9,911		$	(2,224	)	$	42,068		$	10,231		$	18,386		$	84,784		$	8,930
Net realized gain (loss) on investments		165,479			(4,136	)		316,527			(176,459	)		(9,619	)		(162,153	)		2,304
Change in net unrealized appreciation (depreciation) on investments		202,287			47,261			773,138			475,889			335,190			195,130			83,817

Net increase (decrease) in net assets resulting from operations		377,677			40,901			1,131,733			309,661			343,957			117,761			95,051

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			-			-			240			-			-
Contract owners' benefits		-			-			(27,038	)		-			-			-			-
Net transfers (to) from the Company and/or Subaccounts		(333,684	)		57,123			2,447,135			(741,901	)		(278,170	)		720,990			(30,151	)
Adjustments to net assets allocated to contracts in payout phase		-			-			-			-			-			-			-

Increase (decrease) in net assets resulting from Contract transactions		(333,684	)		57,123			2,420,097			(741,901	)		(277,930	)		720,990			(30,151	)

Total increase (decrease) in net assets		43,993			98,024			3,551,830			(432,240	)		66,027			838,751			64,900

NET ASSETS:
Beginning of period		1,911,976			219,310			3,785,630			2,421,280			2,462,237			2,234,227			664,639

End of period	$	1,955,969		$	317,334		$	7,337,460		$	1,989,040		$	2,528,264		$	3,072,978		$	729,539

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	BlackRock Global Allocation V.I. Fund, Class I			BNY Mellon IP MidCap Stock Portfolio, Initial Shares			BNY Mellon VIF Appreciation Portfolio, Initial Shares			BNY Mellon VIF Growth and Income Portfolio, Initial Shares			BNY Mellon VIF Opportunistic Small Cap Portfolio, Initial Shares			ClearBridge Variable Large Cap Growth Portfolio, Class I			ClearBridge Variable Mid Cap Portfolio, Class I
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	121,783		$	3,391		$	(3,078	)	$	(5,344	)	$	(858	)	$	(9,333	)	$	(1,427	)
Net realized gain (loss) on investments		(79,094	)		77,768			591,670			679,548			(43,187	)		42,288			(20,543	)
Change in net unrealized appreciation (depreciation) on investments		868,557			360,700			1,120,621			648,944			78,475			314,036			58,169

Net increase (decrease) in net assets resulting from operations		911,246			441,859			1,709,213			1,323,148			34,430			346,991			36,199

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			300			-			-			-			-
Contract owners' benefits		(43,179	)		-			(783	)		(4,976	)		-			-			-
Net transfers (to) from the Company and/or Subaccounts		(554,921	)		(233,214	)		(865,845	)		(1,198,419	)		(305,575	)		758,618			10,918
Adjustments to net assets allocated to contracts in payout phase		(499	)		517			(32,405	)		(17,929	)		-			16,696			-

Increase (decrease) in net assets resulting from Contract transactions		(598,599	)		(232,697	)		(898,733	)		(1,221,324	)		(305,575	)		775,314			10,918

Total increase (decrease) in net assets		312,647			209,162			810,480			101,824			(271,145	)		1,122,305			47,117

NET ASSETS:
Beginning of period		7,853,369			2,632,344			8,988,112			5,799,240			548,370			543,332			254,446

End of period	$	8,166,016		$	2,841,506		$	9,798,592		$	5,901,064		$	277,225		$	1,665,637		$	301,563

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	ClearBridge Variable Small Cap Growth Portfolio, Class I			Columbia VP Emerging Markets Fund, Class 2			Columbia VP Large Cap Growth Fund, Class 2			Columbia VP Seligman Global Technology Fund, Class 2			Columbia VP Small Cap Value Fund, Class 2			Delaware VIP International Series, Standard Class			Dimensional VA US Targeted Value Portfolio
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(12,131	)	$	(2,419	)	$	(37,633	)	$	(128,512	)	$	(6,000	)	$	1,713		$	20,116
Net realized gain (loss) on investments		(134,344	)		(41,764	)		206,169			938,817			(114,272	)		(8,957	)		228,035
Change in net unrealized appreciation (depreciation) on investments		291,622			84,435			1,673,109			5,249,055			417,249			41,838			191,149

Net increase (decrease) in net assets resulting from operations		145,147			40,252			1,841,645			6,059,360			296,977			34,594			439,300

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			1,600			8,685			1,550			-			2,400
Contract owners' benefits		-			-			(45,473	)		(1,091,138	)		-			-			(19,755	)
Net transfers (to) from the Company and/or Subaccounts		(84,456	)		110,964			885,429			370,644			498,026			(12,173	)		(307,827	)
Adjustments to net assets allocated to contracts in payout phase		-			-			1,530			4,194			(4,488	)		-			-

Increase (decrease) in net assets resulting from Contract transactions		(84,456	)		110,964			843,086			(707,615	)		495,088			(12,173	)		(325,182	)

Total increase (decrease) in net assets		60,691			151,216			2,684,731			5,351,745			792,065			22,421			114,118

NET ASSETS:
Beginning of period		1,914,457			394,614			3,990,875			14,461,611			1,426,671			237,739			2,469,538

End of period	$	1,975,148		$	545,830		$	6,675,606		$	19,813,356		$	2,218,736		$	260,160		$	2,583,656

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	DWS Capital Growth VIP, Class A			DWS Core Equity VIP, Class A			DWS CROCI U.S. VIP, Class A			DWS Global Small Cap VIP, Class A			DWS Small Cap Index VIP, Class A			DWS Small Mid Cap Growth VIP, Class A			DWS Small Mid Cap Value VIP, Class A
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(183,466	)	$	19,428		$	42,255		$	1,816		$	110,779		$	(9,733	)	$	13,518
Net realized gain (loss) on investments		1,021,587			684,470			(21,354	)		(16,638	)		(615,479	)		(32,099	)		96,637
Change in net unrealized appreciation (depreciation) on investments		7,629,919			2,119,336			761,839			224,299			4,348,901			275,524			276,257

Net increase (decrease) in net assets resulting from operations		8,468,040			2,823,234			782,740			209,477			3,844,201			233,692			386,412

CONTRACT TRANSACTIONS:
Contract owners' net payments		10,659			2,025			7,696			-			4,719			-			1,020
Contract owners' benefits		(56,405	)		(48,292	)		(142,759	)		-			(76,718	)		-			(623	)
Net transfers (to) from the Company and/or Subaccounts		(2,061,037	)		1,144,371			(129,005	)		(220,439	)		(2,711,627	)		(133,678	)		115,689
Adjustments to net assets allocated to contracts in payout phase		(40,430	)		(2,585	)		(6,355	)		-			(79,853	)		(16,977	)		(4,105	)

Increase (decrease) in net assets resulting from Contract transactions		(2,147,213	)		1,095,519			(270,423	)		(220,439	)		(2,863,479	)		(150,655	)		111,981

Total increase (decrease) in net assets		6,320,827			3,918,753			512,317			(10,962	)		980,722			83,037			498,393

NET ASSETS:
Beginning of period		23,573,219			10,806,451			4,135,707			1,008,570			26,457,888			1,414,806			2,650,842

End of period	$	29,894,046		$	14,725,204		$	4,648,024		$	997,608		$	27,438,610		$	1,497,843		$	3,149,235

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	Empower Aggressive Profile Fund, Investor Class			Empower Ariel Mid Cap Value Fund, Investor Class			Empower Bond Index Fund, Investor Class			Empower Conservative Profile Fund, Investor Class			Empower International Index Fund, Investor Class			Empower International Value Fund, Investor Class			Empower Lifetime 2015 Fund, Investor Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	4,840		$	862		$	117,904		$	99,232		$	45,477		$	2,569		$	4,577
Net realized gain (loss) on investments		4,026			(30,322	)		(377,671	)		(168,492	)		110,593			2,431			2,703
Change in net unrealized appreciation (depreciation) on investments		19,704			35,487			605,025			380,679			309,303			38,026			11,731

Net increase (decrease) in net assets resulting from operations		28,570			6,027			345,258			311,419			465,373			43,026			19,011

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			1,000			-			-			-			-
Contract owners' benefits		-			-			(29,554	)		-			(21,491	)		-			-
Net transfers (to) from the Company and/or Subaccounts		(5,663	)		(98,057	)		(1,214,256	)		(2,060,680	)		(390,320	)		(3,008	)		(1	)
Adjustments to net assets allocated to contracts in payout phase		-			-			-			(3,404	)		-			-			-

Increase (decrease) in net assets resulting from Contract transactions		(5,663	)		(98,057	)		(1,242,810	)		(2,064,084	)		(411,811	)		(3,008	)		(1	)

Total increase (decrease) in net assets		22,907			(92,030	)		(897,552	)		(1,752,665	)		53,562			40,018			19,010

NET ASSETS:
Beginning of period		181,573			139,969			8,954,721			5,413,356			2,979,585			251,238			200,541

End of period	$	204,480		$	47,939		$	8,057,169		$	3,660,691		$	3,033,147		$	291,256		$	219,551

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	Empower Lifetime 2020 Fund, Investor Class			Empower Lifetime 2025 Fund, Investor Class			Empower Lifetime 2030 Fund, Investor Class			Empower Lifetime 2035 Fund, Investor Class		Empower Lifetime 2040 Fund, Investor Class		Empower Lifetime 2045 Fund, Investor Class		Empower Lifetime 2050 Fund, Investor Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	12,752		$	9,948		$	10,683		$	2,448	$	397	$	1,245	$	1,071
Net realized gain (loss) on investments		11,257			(15,609	)		(1,308	)		4,302		714		3,127		1,998
Change in net unrealized appreciation (depreciation) on investments		35,460			67,353			54,696			16,285		2,082		11,801		6,352

Net increase (decrease) in net assets resulting from operations		59,469			61,692			64,071			23,035		3,193		16,173		9,421

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			42,154			-		-		-		-
Contract owners' benefits		-			-			-			-		-		-		-
Net transfers (to) from the Company and/or Subaccounts		(611	)		(91,636	)		(74,913	)		1		1		-		(1	)
Adjustments to net assets allocated to contracts in payout phase		-			-			-			-		-		-		-

Increase (decrease) in net assets resulting from Contract transactions		(611	)		(91,636	)		(32,759	)		1		1		-		(1	)

Total increase (decrease) in net assets		58,858			(29,944	)		31,312			23,036		3,194		16,173		9,420

NET ASSETS:
Beginning of period		579,689			613,733			541,822			168,431		21,321		101,033		57,156

End of period	$	638,547		$	583,789		$	573,134		$	191,467	$	24,515	$	117,206	$	66,576

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	Empower Lifetime 2055 Fund, Investor Class			Empower Lifetime 2060 Fund, Investor Class		Empower Mid Cap Value Fund, Investor Class			Empower Moderate Profile Fund, Investor Class			Empower Moderately Aggressive Profile Fund, Investor Class			Empower Moderately Conservative Profile Fund, Investor Class			Empower Multi-Sector Bond Fund, Investor Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	645		$	1,488	$	(1,282	)	$	248,599		$	61,366		$	114,947		$	152,863
Net realized gain (loss) on investments		4,931			1,689		(17,555	)		84,983			80,327			15,937			(75,454	)
Change in net unrealized appreciation (depreciation) on investments		10,641			1,464		130,620			581,198			335,886			274,597			345,363

Net increase (decrease) in net assets resulting from operations		16,217			4,641		111,783			914,780			477,579			405,481			422,772

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-		-			-			12,000			-			-
Contract owners' benefits		-			-		-			(161,276	)		-			-			-
Net transfers (to) from the Company and/or Subaccounts		(668	)		69,544		(45,038	)		133,317			(484,671	)		(890,575	)		(579,105	)
Adjustments to net assets allocated to contracts in payout phase		-			-		-			(43,787	)		-			-			2,744

Increase (decrease) in net assets resulting from Contract transactions		(668	)		69,544		(45,038	)		(71,746	)		(472,671	)		(890,575	)		(576,361	)

Total increase (decrease) in net assets		15,549			74,185		66,745			843,034			4,908			(485,094	)		(153,589	)

NET ASSETS:
Beginning of period		95,134			54		787,594			8,199,637			3,999,325			5,085,285			6,292,102

End of period	$	110,683		$	74,239	$	854,339		$	9,042,671		$	4,004,233		$	4,600,191		$	6,138,513

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	Empower Real Estate Index Fund, Investor Class			Empower Secure Foundation Balanced Fund, Investor Class			Empower Small Cap Value Fund, Investor Class			Empower T. Rowe Price Mid Cap Growth Fund, Investor Class			Federated Hermes Fund for U.S. Government Securities II			Federated Hermes Managed Volatility Fund II			Franklin Small Cap Value VIP Fund, Class 2
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	3,097		$	2,382,035		$	(5,383	)	$	(12,191	)	$	395,526		$	20,051		$	(6,290	)
Net realized gain (loss) on investments		(120,438	)		1,826,319			7,974			37,562			(1,281,578	)		(46,875	)		21,458
Change in net unrealized appreciation (depreciation) on investments		123,025			14,969,844			147,243			290,435			1,617,974			163,627			409,726

Net increase (decrease) in net assets resulting from operations		5,684			19,178,198			149,834			315,806			731,922			136,803			424,894

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			582,537			-			3,750			550			-			2,679
Contract owners' benefits		-			-			-			-			(343,020	)		(14,594	)		(3,309	)
Net transfers (to) from the Company and/or Subaccounts		(130,676	)		(19,047,208	)		(73,430	)		(283,914	)		(5,157,868	)		(174,925	)		(30,575	)
Adjustments to net assets allocated to contracts in payout phase		-			(17,275	)		-			-			(77,947	)		6,224			(10,395	)

Increase (decrease) in net assets resulting from Contract transactions		(130,676	)		(18,481,946	)		(73,430	)		(280,164	)		(5,578,285	)		(183,295	)		(41,600	)

Total increase (decrease) in net assets		(124,992	)		696,252			76,404			35,642			(4,846,363	)		(46,492	)		383,294

NET ASSETS:
Beginning of period		436,482			163,488,845			916,355			1,848,848			25,923,233			1,910,153			3,787,678

End of period	$	311,490		$	164,185,097		$	992,759		$	1,884,490		$	21,076,870		$	1,863,661		$	4,170,972

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares		Invesco Oppenheimer V.I. International Growth Fund, Series I			Invesco V.I. Comstock Fund, Series I			Invesco V.I. Core Equity Fund, Series I			Invesco V.I. EQV International Equity Fund, Series I			Invesco V.I. Global Fund, Series I			Invesco V.I. Growth and Income Fund, Series I
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	3,316	$	(11,633	)	$	69,955		$	(3,458	)	$	(62,152	)	$	(142,901	)	$	69,270
Net realized gain (loss) on investments		1		(585,357	)		819,532			55,662			(244,929	)		2,660,822			1,065,726
Change in net unrealized appreciation (depreciation) on investments		493		2,612,119			(157,394	)		602,859			2,155,737			5,430,200			(221,617	)

Net increase (decrease) in net assets resulting from operations		3,810		2,015,129			732,093			655,063			1,848,656			7,948,121			913,379

CONTRACT TRANSACTIONS:
Contract owners' net payments		-		2,585			735			-			4,998			15,326			3,360
Contract owners' benefits		-		(11,884	)		(9,832	)		-			(3,333	)		(167,865	)		(234,830	)
Net transfers (to) from the Company and/or Subaccounts		-		(1,655,062	)		(1,566,942	)		(139,119	)		(1,198,075	)		(2,027,058	)		(488,596	)
Adjustments to net assets allocated to contracts in payout phase		-		(14,138	)		(354	)		2,532			(14,027	)		(9,790	)		(57,894	)

Increase (decrease) in net assets resulting from Contract transactions		-		(1,678,499	)		(1,576,393	)		(136,587	)		(1,210,437	)		(2,189,387	)		(777,960	)

Total increase (decrease) in net assets		3,810		336,630			(844,300	)		518,476			638,219			5,758,734			135,419

NET ASSETS:
Beginning of period		53,741		10,664,161			7,610,789			3,014,784			11,311,615			24,757,264			8,599,537

End of period	$	57,551	$	11,000,791		$	6,766,489		$	3,533,260		$	11,949,834		$	30,515,998		$	8,734,956

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		Invesco V.I. High Yield Fund, Series I			Invesco V.I. Main Street Mid Cap Fund			Invesco V.I. Main Street Small Cap Fund			Invesco V.I. Small Cap Equity Fund, Series I			Invesco V.I. Technology Fund, Series I			Janus Henderson Balanced Fund, Class I			Janus Henderson Flexible Bond Portfolio
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	161,411		$	(6,456	)	$	8,024		$	(14,826	)	$	(26,638	)	$	214,569		$	486,235
Net realized gain (loss) on investments		(54,658	)		(109,737	)		(95,239	)		(73,531	)		(561,084	)		464,311			(273,712	)
Change in net unrealized appreciation (depreciation) on investments		239,818			297,529			408,384			398,856			1,873,382			1,420,431			407,213

Net increase (decrease) in net assets resulting from operations		346,571			181,336			321,169			310,499			1,285,660			2,099,311			619,736

CONTRACT TRANSACTIONS:
Contract owners' net payments		2,230			-			-			-			-			1,000			-
Contract owners' benefits		-			-			-			-			-			(129,671	)		(181,746	)
Net transfers (to) from the Company and/or Subaccounts		1,116			(236,664	)		(371,450	)		(134,024	)		(63,084	)		(1,040,248	)		139,618
Adjustments to net assets allocated to contracts in payout phase		(4,905	)		(643	)		(222	)		(4,014	)		155			(24,828	)		(31,103	)

Increase (decrease) in net assets resulting from Contract transactions		(1,559	)		(237,307	)		(371,672	)		(138,038	)		(62,929	)		(1,193,747	)		(73,231	)

Total increase (decrease) in net assets		345,012			(55,971	)		(50,503	)		172,461			1,222,731			905,564			546,505

NET ASSETS:
Beginning of period		3,792,570			1,414,131			2,095,257			2,059,481			2,816,540			14,917,594			13,243,902

End of period	$	4,137,582		$	1,358,160		$	2,044,754		$	2,231,942		$	4,039,271		$	15,823,158		$	13,790,407

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		Janus Henderson Flexible Bond Portfolio, Service Shares			Janus Henderson Global Research Fund, Class I			Janus Henderson Overseas Fund, Class S			Janus Henderson Overseas Portfolio, Institutional Shares			Janus Henderson Research Portfolio, Institutional Shares			Janus Henderson VIT Balanced Portfolio, Service Shares			Janus Henderson VIT Global Technology and Innovation Portfolio, Institutional Shares
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	935,467		$	21,115		$	6,685		$	19,721		$	(62,219	)	$	1,304,140		$	(10,493	)
Net realized gain (loss) on investments		(614,868	)		775,137			88,218			34,500			166,943			2,220,990			(144,045	)
Change in net unrealized appreciation (depreciation) on investments		1,031,695			2,303,950			37,455			228,228			2,952,572			12,822,052			721,056

Net increase (decrease) in net assets resulting from operations		1,352,294			3,100,202			132,358			282,449			3,057,296			16,347,182			566,518

CONTRACT TRANSACTIONS:
Contract owners' net payments		4,230			-			2,640			-			-			13,042			-
Contract owners' benefits		(95,234	)		(13,726	)		-			-			(93,934	)		(872,344	)		-
Net transfers (to) from the Company and/or Subaccounts		(383,096	)		(1,249,945	)		(225,213	)		(180,897	)		(499,704	)		(6,915,716	)		(326,280	)
Adjustments to net assets allocated to contracts in payout phase		(27,330	)		(17,487	)		(715	)		(3,056	)		(14,788	)		(205,842	)		-

Increase (decrease) in net assets resulting from Contract transactions		(501,430	)		(1,281,158	)		(223,288	)		(183,953	)		(608,426	)		(7,980,860	)		(326,280	)

Total increase (decrease) in net assets		850,864			1,819,044			(90,930	)		98,496			2,448,870			8,366,322			240,238

NET ASSETS:
Beginning of period		31,509,670			12,686,376			1,528,975			2,907,574			7,574,455			118,840,698			1,193,241

End of period	$	32,360,534		$	14,505,420		$	1,438,045		$	3,006,070		$	10,023,325		$	127,207,020		$	1,433,479

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

100

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares			Lazard Retirement Emerging Markets Equity Portfolio			Lord Abbett Series Fund Short Duration Income Portfolio			LVIP American Century Balanced Fund, Standard Class II			LVIP American Century Disciplined Core Value Fund, Standard Class II			LVIP American Century International Fund, Standard Class II			LVIP American Century Mid Cap Value Fund, Service Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(91,085	)	$	434,458		$	124,253		$	340,562		$	79,510		$	45,066		$	157,045
Net realized gain (loss) on investments		(1,209,590	)		(77,649	)		(15,762	)		(200,448	)		(711,079	)		(285,494	)		1,106,376
Change in net unrealized appreciation (depreciation) on investments		6,678,576			1,697,570			6,451			3,954,547			1,265,138			1,026,724			(719,262	)

Net increase (decrease) in net assets resulting from operations		5,377,901			2,054,379			114,942			4,094,661			633,569			786,296			544,159

CONTRACT TRANSACTIONS:
Contract owners' net payments		1,200			1,033			-			91,124			-			1,000			2,193
Contract owners' benefits		-			(16,060	)		-			(338,371	)		(3,415	)		(9,438	)		(9,752	)
Net transfers (to) from the Company and/or Subaccounts		230,057			(1,068,339	)		644,714			(2,857,261	)		(1,223,502	)		(803,289	)		(687,334	)
Adjustments to net assets allocated to contracts in payout phase		(4,064	)		(25,758	)		-			(28,508	)		(3,655	)		(7,926	)		(3,445	)

Increase (decrease) in net assets resulting from Contract transactions		227,193			(1,109,124	)		644,714			(3,133,016	)		(1,230,572	)		(819,653	)		(698,338	)

Total increase (decrease) in net assets		5,605,094			945,255			759,656			961,645			(597,003	)		(33,357	)		(154,179	)

NET ASSETS:
Beginning of period		10,158,447			10,118,699			2,394,238			28,057,021			10,138,249			6,766,009			11,309,690

End of period	$	15,763,541		$	11,063,954		$	3,153,894		$	29,018,666		$	9,541,246		$	6,732,652		$	11,155,511

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

101

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		LVIP American Century Value Fund, Standard Class II			LVIP Baron Growth Opportunities Fund, Service Class			LVIP JPMorgan Core Bond Fund, Standard Class			LVIP JPMorgan Small Cap Core Fund, Standard Class			LVIP Macquarie SMID Cap Core Fund, Standard Class			LVIP Macquarie Value Fund, Standard Class			Macquarie VIP Emerging Markets Series, Standard Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	366,187		$	(145,398	)	$	22,003		$	19,841		$	24,752		$	11,370		$	35,698
Net realized gain (loss) on investments		2,065,067			924,796			(60,570	)		(22,453	)		416,504			32,725			(299,400	)
Change in net unrealized appreciation (depreciation) on investments		(714,456	)		2,215,990			69,307			332,714			549,862			(12,472	)		692,944

Net increase (decrease) in net assets resulting from operations		1,716,798			2,995,388			30,740			330,102			991,118			31,623			429,242

CONTRACT TRANSACTIONS:
Contract owners' net payments		7,468			7,953			-			-			142			-			-
Contract owners' benefits		(260,029	)		(111,038	)		-			-			-			-			(12,462	)
Net transfers (to) from the Company and/or Subaccounts		(1,932,985	)		(1,513,419	)		565,558			119,193			(947,877	)		(109,754	)		(648,694	)
Adjustments to net assets allocated to contracts in payout phase		(36,526	)		(56,731	)		-			(687	)		(10,612	)		-			51,772

Increase (decrease) in net assets resulting from Contract transactions		(2,222,072	)		(1,673,235	)		565,558			118,506			(958,347	)		(109,754	)		(609,384	)

Total increase (decrease) in net assets		(505,274	)		1,322,153			596,298			448,608			32,771			(78,131	)		(180,142	)

NET ASSETS:
Beginning of period		22,770,355			18,521,922			337,179			2,586,702			6,965,578			1,123,772			3,788,166

End of period	$	22,265,081		$	19,844,075		$	933,477		$	3,035,310		$	6,998,349		$	1,045,641		$	3,608,024

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

102

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		Macquarie VIP International Core Equity Series, Service Class			Macquarie VIP Small Cap Value Series, Standard Class			MFS Blended Research Small Cap Equity Portfolio, Initial Class		MFS Core Equity Portfolio, Service Class			MFS International Growth Portfolio, Initial Class		MFS International Intrinsic Value Portfolio, Service Class			MFS Mid Cap Value Portfolio, Initial Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	15,727		$	44,562		$	244	$	(180	)	$	6,624	$	(82,575	)	$	11,862
Net realized gain (loss) on investments		(15,963	)		665,355			5,473		2,592			55,293		2,968,577			42,248
Change in net unrealized appreciation (depreciation) on investments		218,927			794,685			23,328		9,088			146,336		2,242,981			51,665

Net increase (decrease) in net assets resulting from operations		218,691			1,504,602			29,045		11,500			208,253		5,128,983			105,775

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			2,230			-		-			-		760			750
Contract owners' benefits		-			(10,543	)		-		-			-		(45,057	)		-
Net transfers (to) from the Company and/or Subaccounts		(208,917	)		(1,289,887	)		101,271		7,646			105,543		(1,806,419	)		(264,827	)
Adjustments to net assets allocated to contracts in payout phase		-			(6,197	)		-		-			-		(5,759	)		-

Increase (decrease) in net assets resulting from Contract transactions		(208,917	)		(1,304,397	)		101,271		7,646			105,543		(1,856,475	)		(264,077	)

Total increase (decrease) in net assets		9,774			200,205			130,316		19,146			313,796		3,272,508			(158,302	)

NET ASSETS:
Beginning of period		1,567,970			18,829,683			151,826		50,615			1,440,846		31,926,085			1,080,652

End of period	$	1,577,744		$	19,029,888		$	282,142	$	69,761		$	1,754,642	$	35,198,593		$	922,350

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

103

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		MFS Utilities Series, Service Class			Morgan Stanley VIF U.S. Real Estate Portfolio, Class I			Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio, Class S			Neuberger Berman AMT Sustainable Equity Portfolio, Class S			NVIT Mid Cap Index Fund, Class II			PIMCO Commodity RealReturn Strategy Portfolio, Admin Class			PIMCO Emerging Markets Bond Portfolio, Admin Class
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	152,540		$	37,191		$	(845	)	$	(2,986	)	$	70,113		$	531,786		$	32,002
Net realized gain (loss) on investments		223,311			(206,268	)		17,987			52,687			122,248			(576,714	)		(23,316	)
Change in net unrealized appreciation (depreciation) on investments		(616,865	)		512,340			41,256			121,204			2,484,597			(247,537	)		55,847

Net increase (decrease) in net assets resulting from operations		(241,014	)		343,263			58,398			170,905			2,676,958			(292,465	)		64,533

CONTRACT TRANSACTIONS:
Contract owners' net payments		53,880			180			-			-			8,677			-			-
Contract owners' benefits		-			-			-			-			(101,259	)		-			-
Net transfers (to) from the Company and/or Subaccounts		(2,216,297	)		(370,222	)		(79,737	)		(157,705	)		(734,739	)		(719,559	)		(39,986	)
Adjustments to net assets allocated to contracts in payout phase		24,004			(13,144	)		973			-			(84,579	)		(177	)		-

Increase (decrease) in net assets resulting from Contract transactions		(2,138,413	)		(383,186	)		(78,764	)		(157,705	)		(911,900	)		(719,736	)		(39,986	)

Total increase (decrease) in net assets		(2,379,427	)		(39,923	)		(20,366	)		13,200			1,765,058			(1,012,201	)		24,547

NET ASSETS:
Beginning of period		8,213,679			2,699,348			661,177			714,429			18,965,071			3,587,548			683,076

End of period	$	5,834,252		$	2,659,425		$	640,811		$	727,629		$	20,730,129		$	2,575,347		$	707,623

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

104

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		PIMCO High Yield Portfolio, Admin Class			PIMCO Low Duration Portfolio, Admin Class			PIMCO Real Return Portfolio, Admin Class			PIMCO Total Return Portfolio, Admin Class			Pioneer Bond VCT Portfolio			Pioneer Fund VCT Portfolio, Class I			Pioneer Mid Cap Value VCT Portfolio, Class II
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	1,146,936		$	1,721,707		$	69,860		$	3,030,857		$	49,764		$	2,522		$	14,518
Net realized gain (loss) on investments		(637,643	)		(849,113	)		(59,036	)		(2,222,141	)		(43,724	)		142,464			(13,368	)
Change in net unrealized appreciation (depreciation) on investments		2,009,438			1,566,324			75,444			4,520,897			95,958			964,600			163,968

Net increase (decrease) in net assets resulting from operations		2,518,731			2,438,918			86,268			5,329,613			101,998			1,109,586			165,118

CONTRACT TRANSACTIONS:
Contract owners' net payments		8,389			8,097			300			7,184			-			6,133			3,049
Contract owners' benefits		(307,506	)		(377,133	)		-			(358,803	)		-			-			-
Net transfers (to) from the Company and/or Subaccounts		(4,809,797	)		(4,727,053	)		(210,214	)		(3,153,414	)		327,572			(577,654	)		(126,522	)
Adjustments to net assets allocated to contracts in payout phase		98,029			(48,366	)		(711	)		(115,656	)		-			13,152			(1,181	)

Increase (decrease) in net assets resulting from Contract transactions		(5,010,885	)		(5,144,455	)		(210,625	)		(3,620,689	)		327,572			(558,369	)		(124,654	)

Total increase (decrease) in net assets		(2,492,154	)		(2,705,537	)		(124,357	)		1,708,924			429,570			551,217			40,464

NET ASSETS:
Beginning of period		25,370,832			61,147,524			3,078,064			106,702,613			1,302,440			4,083,321			1,631,027

End of period	$	22,878,678		$	58,441,987		$	2,953,707		$	108,411,537		$	1,732,010		$	4,634,538		$	1,671,491

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

105

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		Pioneer Select Mid Cap Growth VCT Portfolio, Class I			Prudential Series Fund Equity Portfolio, Class II			Prudential Series Fund Natural Resources Portfolio, Class II			Putnam VT Core Equity Fund, Class IA			Putnam VT Global Asset Allocation Fund, Class IA			Putnam VT Global Health Care Fund, Class IB			Putnam VT Income Fund, Class IA
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(41,387	)	$	(12,697	)	$	(2,998	)	$	(533	)	$	7,094		$	(20,399	)	$	258,301
Net realized gain (loss) on investments		(481,329	)		225,825			3,660			43,986			(24,604	)		355,115			(177,621	)
Change in net unrealized appreciation (depreciation) on investments		1,365,583			233,274			4,450			406,405			122,586			179			124,610

Net increase (decrease) in net assets resulting from operations		842,867			446,402			5,112			449,858			105,076			334,895			205,290

CONTRACT TRANSACTIONS:
Contract owners' net payments		1,500			-			-			-			-			1,650			-
Contract owners' benefits		-			-			-			-			(168,016	)		(197	)		-
Net transfers (to) from the Company and/or Subaccounts		(582,436	)		(362,165	)		(39,208	)		561,971			6,686			(461,236	)		(128,633	)
Adjustments to net assets allocated to contracts in payout phase		(169	)		2,175			-			-			-			3,507			-

Increase (decrease) in net assets resulting from Contract transactions		(581,105	)		(359,990	)		(39,208	)		561,971			(161,330	)		(456,276	)		(128,633	)

Total increase (decrease) in net assets		261,762			86,412			(34,096	)		1,011,829			(56,254	)		(121,381	)		76,657

NET ASSETS:
Beginning of period		5,245,331			1,556,749			463,870			1,499,332			770,412			4,438,415			4,952,472

End of period	$	5,507,093		$	1,643,161		$	429,774		$	2,511,161		$	714,158		$	4,317,034		$	5,029,129

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

106

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		Putnam VT International Equity Fund, Class IA			Putnam VT International Value Fund, Class IA			Putnam VT Large Cap Value Fund, Class IB			Putnam VT Mortgage Securities Fund			Putnam VT Small Cap Value Fund, Class IA			Royce Capital Fund Small Cap Portfolio, Service Class			Schwab Government Money Market Portfolio
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(5,432	)	$	10,665		$	222,866		$	355,910		$	(246	)	$	(3,502	)	$	6,774,157
Net realized gain (loss) on investments		(3,194	)		12,701			1,301,406			(243,553	)		(13,312	)		232,779			(25	)
Change in net unrealized appreciation (depreciation) on investments		242,516			173,618			794,003			(8,942	)		46,462			397,590			327

Net increase (decrease) in net assets resulting from operations		233,890			196,984			2,318,275			103,415			32,904			626,867			6,774,459

CONTRACT TRANSACTIONS:
Contract owners' net payments		960			-			39,100			-			-			-			163,719
Contract owners' benefits		-			-			(16,869	)		-			-			-			(18,127,341	)
Net transfers (to) from the Company and/or Subaccounts		26,775			(46,190	)		(2,002,962	)		(242,272	)		149,244			(163,150	)		4,534,812
Adjustments to net assets allocated to contracts in payout phase		-			-			2,837			(717	)		-			(3,791	)		272,524

Increase (decrease) in net assets resulting from Contract transactions		27,735			(46,190	)		(1,977,894	)		(242,989	)		149,244			(166,941	)		(13,156,286	)

Total increase (decrease) in net assets		261,625			150,794			340,381			(139,574	)		182,148			459,926			(6,381,827	)

NET ASSETS:
Beginning of period		1,299,180			1,056,550			16,563,978			2,651,989			192,024			2,793,616			171,626,376

End of period	$	1,560,805		$	1,207,344		$	16,904,359		$	2,512,415		$	374,172		$	3,253,542		$	165,244,549

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

107

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
		Schwab S&P 500 Index Fund			Schwab VIT Balanced Portfolio			Schwab VIT Balanced with Growth Portfolio			Schwab VIT Growth Portfolio			T. Rowe Price Health Sciences Portfolio			T. Rowe Price Health Sciences Portfolio, Class II			Templeton Foreign VIP Fund, Class 2
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	3,532,939		$	46,153		$	54,713		$	7,750		$	(10,812	)	$	(27,169	)	$	149,715
Net realized gain (loss) on investments		30,028,454			2,568			46,326			6,984			69,474			(92,226	)		(46,671	)
Change in net unrealized appreciation (depreciation) on investments		78,693,772			328,221			558,563			109,993			(27,158	)		173,446			975,767

Net increase (decrease) in net assets resulting from operations		112,255,165			376,942			659,602			124,727			31,504			54,051			1,078,811

CONTRACT TRANSACTIONS:
Contract owners' net payments		358,077			-			-			-			10,000			-			185
Contract owners' benefits		(1,058,082	)		-			-			-			-			(15,821	)		(10,327	)
Net transfers (to) from the Company and/or Subaccounts		(40,505,506	)		(331,204	)		(697,351	)		(90,348	)		(20,596	)		(713,143	)		(423,324	)
Adjustments to net assets allocated to contracts in payout phase		(57,373	)		-			-			-			-			3,830			(2,896	)

Increase (decrease) in net assets resulting from Contract transactions		(41,262,884	)		(331,204	)		(697,351	)		(90,348	)		(10,596	)		(725,134	)		(436,362	)

Total increase (decrease) in net assets		70,992,281			45,738			(37,749	)		34,379			20,908			(671,083	)		642,449

NET ASSETS:
Beginning of period		466,558,052			3,518,607			4,963,566			802,093			1,510,968			4,463,486			5,594,638

End of period	$	537,550,333		$	3,564,345		$	4,925,817		$	836,472		$	1,531,876		$	3,792,403		$	6,237,087

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

108

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	Templeton Global Bond VIP Fund, Class 2			Third Avenue Value Fund			Touchstone VST Bond Fund			Touchstone VST Common Stock Fund			Touchstone VST Common Stock Fund, Service Class			Touchstone VST Small Company Fund			VanEck VIP Global Resources Fund
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	(47,120	)	$	23,641		$	261,302		$	(29,644	)	$	(849	)	$	(28,757	)	$	94,412
Net realized gain (loss) on investments		(539,544	)		139,582			(77,554	)		767,746			349,341			(113,476	)		(281,845	)
Change in net unrealized appreciation (depreciation) on investments		722,475			97,537			135,603			1,495,608			695,796			984,059			(78,999	)

Net increase (decrease) in net assets resulting from operations		135,811			260,760			319,351			2,233,710			1,044,288			841,826			(266,432	)

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			1,100			-			-			3,995			-
Contract owners' benefits		(8,064	)		-			(6,370	)		(92,140	)		(4,310	)		(4,793	)		(7,798	)
Net transfers (to) from the Company and/or Subaccounts		(1,071,720	)		(106,894	)		513,084			(97,566	)		(100,722	)		95,047			(699,941	)
Adjustments to net assets allocated to contracts in payout phase		(4,899	)		(626	)		(336	)		(22,033	)		12,915			(1,176	)		(14,266	)

Increase (decrease) in net assets resulting from Contract transactions		(1,084,683	)		(107,520	)		507,478			(211,739	)		(92,117	)		93,073			(722,005	)

Total increase (decrease) in net assets		(948,872	)		153,240			826,829			2,021,971			952,171			934,899			(988,437	)

NET ASSETS:
Beginning of period		7,772,904			1,358,202			5,910,659			8,896,099			4,135,739			5,463,922			5,044,889

End of period	$	6,824,032		$	1,511,442		$	6,737,488		$	10,918,070		$	5,087,910		$	6,398,821		$	4,056,452

Note: Totals may not appear to foot/crossfoot due to rounding.

(Continued)

See accompanying notes to financial statements.

109

VARIABLE ANNUITY-1 SERIES ACCOUNT

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	SUBACCOUNTS
	VanEck VIP Unconstrained Emerging Markets Bond Fund, Class I			Vanguard VIF Capital Growth Portfolio			Vanguard VIF Diversified Value Portfolio			Vanguard VIF Mid-Cap Index Portfolio			Vanguard VIF Real Estate Index Portfolio			Vanguard VIF Small Company Growth Portfolio
INCREASE (DECREASE) IN NET ASSETS:

OPERATIONS:
Net investment income (loss)	$	102,046		$	23,341		$	44,510		$	78,834		$	63,738		$	(4,869	)
Net realized gain (loss) on investments		(54,153	)		636,257			352,439			194,563			39,605			(20,985	)
Change in net unrealized appreciation (depreciation) on investments		249,522			675,158			623,542			1,141,792			343,983			456,904

Net increase (decrease) in net assets resulting from operations		297,415			1,334,756			1,020,491			1,415,189			447,326			431,050

CONTRACT TRANSACTIONS:
Contract owners' net payments		-			-			-			12,636			4,072			-
Contract owners' benefits		(22,712	)		(42,144	)		-			-			-			(4,834	)
Net transfers (to) from the Company and/or Subaccounts		(293,793	)		(362,301	)		(204,434	)		(432,616	)		(293,346	)		(44,770	)
Adjustments to net assets allocated to contracts in payout phase		(4,781	)		(297	)		(234	)		(67	)		(63	)		(35	)

Increase (decrease) in net assets resulting from Contract transactions		(321,286	)		(404,742	)		(204,668	)		(420,047	)		(289,337	)		(49,639	)

Total increase (decrease) in net assets		(23,871	)		930,014			815,823			995,142			157,989			381,411

NET ASSETS:
Beginning of period		3,044,591			5,000,682			5,428,868			9,589,486			3,946,087			2,301,418

End of period	$	3,020,720		$	5,930,696		$	6,244,691		$	10,584,628		$	4,104,076		$	2,682,829

Note: Totals may not appear to foot/crossfoot due to rounding.

(Concluded)

See accompanying notes to financial statements.

110

VARIABLE ANNUITY-1 SERIES ACCOUNT

NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2024

ORGANIZATION

Effective August 1, 2022, Great West Life & Annuity Insurance Company is now known as Empower Annuity Insurance Company of America (the Company). The Variable Annuity-1 Series Account (the Separate Account), a separate account of the Company, is registered as a unit investment trust under the Investment Company Act of 1940, as amended, and exists in accordance with regulations of the Colorado Division of Insurance.

Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the Company’s other assets and liabilities. The portion of the Separate Account's assets applicable to the variable annuity contracts (the “Contracts”) is not chargeable with liabilities arising out of any other business the Company may conduct.

The Separate Account is a funding vehicle for individual variable annuity Contracts; it consists of a number of subaccounts (the “Subaccounts”), also commonly referred to as investment divisions or funds, each of which is treated as an individual accounting entity for financial reporting purposes. The Separate Account's value at any time is allocated among Contract owners based on the number and value of their accumulation units representing their interest in the Subaccounts of the Separate Account; all of the investible assets of the Separate Account are invested in the corresponding mutual funds.

The Separate Account has identified the Chief Product Officer – Retirement Division as the chief operating decision maker (“CODM”). The Separate Account is comprised of multiple Subaccounts, each of which constitutes an operating segment. The CODM uses significant performance measures of the Subaccounts, such as the total return ratio, investment income ratio, and expense ratio to make operational decisions for the Separate Account. Segment assets are reflected on the Statements of Assets and Liabilities as Total assets, and significant segment expenses are listed on the Statements of Operations.

Contract owners' net payments are allocated to the Subaccounts in accordance with Contract owner instructions and are recorded as Contract owners’ net payments in the Statements of Changes in Net Assets. Such amounts are used to provide account funds to pay Contract values under the Contracts.

The following is a list of the variable annuity products funded by the Separate Account:

Schwab Advisor

Schwab Choice

Schwab OneSource

Schwab Select

For the periods or years ended December 31, 2024 and 2023, the Separate Account was invested in up to 161 Subaccounts, as follows:

AB VPS Discovery Value Portfolio, Class A

AB VPS International Value Portfolio, Class A

AB VPS Large Cap Growth Portfolio, Class A

AB VPS Relative Value Portfolio, Class A

AB VPS Sustainable International Thematic Portfolio, Class A ^(a)

Alger Balanced Portfolio, Class I-2

Alger Capital Appreciation Portfolio, Class I-2

Alger Large Cap Growth Portfolio, Class I-2

Alger Mid Cap Growth Portfolio, Class I-2

Allspring VT Discovery All Cap Growth Fund, Class 2

Allspring VT Discovery SMID Cap Growth Fund, Class 2

111

Allspring VT Opportunity Fund, Class 2

ALPS Global Opportunity Portfolio, Class I

American Funds IS Capital World Bond Fund, Class 2

American Funds IS Global Growth Fund, Class 1

American Funds IS Global Small Capitalization Fund, Class 2

American Funds IS Growth-Income Fund, Class 4

American Funds IS International Fund, Class 2

American Funds IS New World Fund, Class 2

American Funds IS The Bond Fund of America, Class 2

BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III

BlackRock Global Allocation V.I. Fund, Class I

BNY Mellon IP MidCap Stock Portfolio, Initial Shares

BNY Mellon VIF Appreciation Portfolio, Initial Shares

BNY Mellon VIF Growth and Income Portfolio, Initial Shares

BNY Mellon VIF Opportunistic Small Cap Portfolio, Initial Shares

ClearBridge Variable Large Cap Growth Portfolio, Class I

ClearBridge Variable Mid Cap Portfolio, Class I

ClearBridge Variable Small Cap Growth Portfolio, Class I

Columbia VP Emerging Markets Fund, Class 2

Columbia VP Large Cap Growth Fund, Class 2

Columbia VP Seligman Global Technology Fund, Class 2

Columbia VP Small Cap Value Fund, Class 2

Delaware VIP International Series, Standard Class ^(a)

Dimensional VA US Targeted Value Portfolio

DWS Capital Growth VIP, Class A

DWS Core Equity VIP, Class A

DWS CROCI U.S. VIP, Class A

DWS Global Small Cap VIP, Class A

DWS Small Cap Index VIP, Class A

DWS Small Mid Cap Growth VIP, Class A

DWS Small Mid Cap Value VIP, Class A

Empower Aggressive Profile Fund, Investor Class

Empower Ariel Mid Cap Value Fund, Investor Class ^(a)

Empower Bond Index Fund, Investor Class

Empower Conservative Profile Fund, Investor Class

Empower International Index Fund, Investor Class

Empower International Value Fund, Investor Class

Empower Lifetime 2015 Fund, Investor Class

Empower Lifetime 2020 Fund, Investor Class

Empower Lifetime 2025 Fund, Investor Class

Empower Lifetime 2030 Fund, Investor Class

Empower Lifetime 2035 Fund, Investor Class

Empower Lifetime 2040 Fund, Investor Class

Empower Lifetime 2045 Fund, Investor Class

Empower Lifetime 2050 Fund, Investor Class

Empower Lifetime 2055 Fund, Investor Class

Empower Lifetime 2060 Fund, Investor Class

Empower Mid Cap Value Fund, Investor Class

Empower Moderate Profile Fund, Investor Class

Empower Moderately Aggressive Profile Fund, Investor Class

Empower Moderately Conservative Profile Fund, Investor Class

Empower Multi-Sector Bond Fund, Investor Class

Empower Real Estate Index Fund, Investor Class

Empower SecureFoundation Balanced Fund, Investor Class

Empower Small Cap Value Fund, Investor Class

Empower T. Rowe Price Mid Cap Growth Fund, Investor Class

112

Federated Hermes Fund for U.S. Government Securities II

Federated Hermes Managed Volatility Fund II

Franklin Small Cap Value VIP Fund, Class 2

Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares

Invesco Oppenheimer V.I. International Growth Fund, Series I

Invesco V.I. Comstock Fund, Series I

Invesco V.I. Core Equity Fund, Series I

Invesco V.I. EQV International Equity Fund, Series I

Invesco V.I. Global Fund, Series I

Invesco V.I. Growth and Income Fund, Series I

Invesco V.I. High Yield Fund, Series I

Invesco V.I. Main Street Mid Cap Fund

Invesco V.I. Main Street Small Cap Fund

Invesco V.I. Small Cap Equity Fund, Series I

Invesco V.I. Technology Fund, Series I

Janus Henderson Balanced Fund, Class I

Janus Henderson Flexible Bond Portfolio

Janus Henderson Flexible Bond Portfolio, Service Shares

Janus Henderson Global Research Fund, Class I

Janus Henderson Overseas Fund, Class S

Janus Henderson Overseas Portfolio, Institutional Shares

Janus Henderson Research Portfolio, Institutional Shares

Janus Henderson VIT Balanced Portfolio, Service Shares

Janus Henderson VIT Global Technology and Innovation Portfolio, Institutional Shares

Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares

Lazard Retirement Emerging Markets Equity Portfolio

Lord Abbett Series Fund Short Duration Income Portfolio

LVIP American Century Balanced Fund, Standard Class II ^(a)

LVIP American Century Disciplined Core Value Fund, Standard Class II ^(a)

LVIP American Century International Fund, Standard Class II ^(a)

LVIP American Century Mid Cap Value Fund, Service Class ^(a)

LVIP American Century Value Fund, Standard Class II ^(a)

LVIP Baron Growth Opportunities Fund, Service Class

LVIP JPMorgan Core Bond Fund, Standard Class

LVIP JPMorgan Small Cap Core Fund, Standard Class

LVIP Macquarie SMID Cap Core Fund, Standard Class ^(a)

LVIP Macquarie Value Fund, Standard Class ^(a)

Macquarie VIP Emerging Markets Series, Standard Class ^(a)

Macquarie VIP International Core Equity Series, Service Class ^(a)

Macquarie VIP International Core Equity Series, Standard Class ^(a)

Macquarie VIP Small Cap Value Series, Standard Class ^(a)

MFS Blended Research Small Cap Equity Portfolio, Initial Class

MFS Core Equity Portfolio, Service Class

MFS International Growth Portfolio, Initial Class

MFS International Intrinsic Value Portfolio, Service Class

MFS Mid Cap Value Portfolio, Initial Class

MFS Utilities Series, Service Class

Morgan Stanley VIF U.S. Real Estate Portfolio, Class I ^(a)

Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio, Class S

Neuberger Berman AMT Sustainable Equity Portfolio, Class S

NVIT Mid Cap Index Fund, Class II

PIMCO Commodity RealReturn Strategy Portfolio, Admin Class

PIMCO Emerging Markets Bond Portfolio, Admin Class

PIMCO High Yield Portfolio, Admin Class

PIMCO Low Duration Portfolio, Admin Class

PIMCO Real Return Portfolio, Admin Class

113

PIMCO Total Return Portfolio, Admin Class

Pioneer Bond VCT Portfolio

Pioneer Fund VCT Portfolio, Class I

Pioneer Mid Cap Value VCT Portfolio, Class II

Pioneer Select Mid Cap Growth VCT Portfolio, Class I

Prudential Series Fund Equity Portfolio, Class II

Prudential Series Fund Natural Resources Portfolio, Class II

Putnam VT Core Equity Fund, Class IA

Putnam VT Global Asset Allocation Fund, Class IA

Putnam VT Global Health Care Fund, Class IB

Putnam VT Income Fund, Class IA

Putnam VT International Equity Fund, Class IA

Putnam VT International Value Fund, Class IA

Putnam VT Large Cap Value Fund, Class IB

Putnam VT Mortgage Securities Fund

Putnam VT Small Cap Value Fund, Class IA

Royce Capital Fund Small Cap Portfolio, Service Class

Schwab Government Money Market Portfolio

Schwab S&P 500 Index Fund

Schwab VIT Balanced Portfolio

Schwab VIT Balanced with Growth Portfolio

Schwab VIT Growth Portfolio

T. Rowe Price Health Sciences Portfolio

T. Rowe Price Health Sciences Portfolio, Class II

Templeton Foreign VIP Fund, Class 2

Templeton Global Bond VIP Fund, Class 2

Third Avenue Value Fund

Touchstone VST Bond Fund

Touchstone VST Common Stock Fund

Touchstone VST Common Stock Fund, Service Class

Touchstone VST Small Company Fund

VanEck VIP Global Resources Fund

VanEck VIP Unconstrained Emerging Markets Bond Fund, Class I

Vanguard VIF Capital Growth Portfolio

Vanguard VIF Diversified Value Portfolio

Vanguard VIF Mid-Cap Index Portfolio

Vanguard VIF Real Estate Index Portfolio

Vanguard VIF Small Company Growth Portfolio

^(a) See Subaccount Changes table below

Subaccount Changes: Closed Subaccounts

During 2024, the following Subaccounts were closed:

Subaccount Name	Date of Closure
AB VPS Sustainable International Thematic Portfolio, Class A	April 12, 2024
Morgan Stanley VIF U.S. Real Estate Portfolio, Class I	December 5, 2024

114

Subaccount Changes: Merged Subaccounts

During 2024, the following Subaccounts merged:

Original Subaccount	Merged Into	Date of Merger
Delaware VIP International Series, Standard Class	Delaware Ivy VIP International Core Equity Series, Standard Class	April 26, 2024
Empower Ariel Mid Cap Value Fund, Investor Class	Empower Mid Cap Value Fund, Investor Class	October 25, 2024

Subaccount Changes: Subaccount Name Changes

During 2024, the following Subaccounts changed their names:

Previous Name	New Name	Date of Change
Delaware Ivy VIP International Core Equity, Class II	Macquarie VIP International Core Equity Series, Service Class	May 1, 2024
Delaware VIP Emerging Markets, Standard Class	Macquarie VIP Emerging Markets Series, Standard Class	May 1, 2024
Delaware Ivy VIP International Core Equity Series, Standard Class	Macquarie VIP International Core Equity Series, Standard Class	May 1, 2024
Delaware VIP Small Cap Value Series, Standard Class	Macquarie VIP Small Cap Value Series, Standard Class	May 1, 2024
LVIP Delaware SMID Cap Core Fund, Standard Class	LVIP Macquarie SMID Cap Core Fund, Standard Class	May 1, 2024
LVIP Delaware Value Fund, Standard Class	LVIP Macquarie Value Fund, Standard Class	May 1, 2024

Subaccount Changes: Subaccount Reorganization

During 2024, the following Subaccounts were reorganized:

Previous Name	New Name	Date of Reorganization
American Century Investments VP Balanced Fund, Class I	LVIP American Century Balanced Fund, Standard Class II	April 26, 2024
American Century Investments VP Disciplined Core Value Fund, Class I	LVIP American Century Disciplined Core Value Fund, Standard Class II	April 26, 2024
American Century Investments VP International Fund, Class I	LVIP American Century International Fund, Standard Class II	April 26, 2024
American Century Investments VP Mid Cap Value Fund, Class II	LVIP American Century Mid Cap Value Fund, Service Class	April 26, 2024
American Century Investments VP Value Fund, Class I	LVIP American Century Value Fund, Standard Class II	April 26, 2024

The Separate Account is an investment company and, therefore, applies specialized accounting guidance in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 "Financial Services — Investment Companies".

Certain Subaccounts that had no investments balances as of December 31, 2024 or that did not have activity during the year ended December 31, 2024 are not presented on the Statements of Assets and Liabilities as of December 31, 2024 or Statements of Operations for the year ended December 31, 2024, respectively.

115

SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of the significant accounting policies of the Separate Account.

Investment valuation

Investments are made and measured in shares and are presented net of management fees and other operating expenses incurred by the Subaccounts. The investments are valued at the net asset values of the mutual funds, which value their investment securities at fair value. Transactions with the mutual funds are recognized on the trade date.

The Separate Account classifies its valuations into three levels based upon the observability of inputs to the valuation of the Separate Account’s investments. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:

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

Level 2 – Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. These may include quoted prices for similar assets in active markets.

Level 3 – Unobservable inputs to the extent observable inputs are not available and may include prices obtained from single broker quotes. Unobservable inputs reflect the reporting entity’s own assumptions and would be based on the best information available under the circumstances.

The Separate Account determines the fair values of certain financial assets based on quoted market prices. All of the investments in the Subaccounts of the Separate Account are classified as Level 1 in the fair value hierarchy and consist of open-ended mutual funds. Participants may, without restriction, transact at the daily net asset value (“NAV”) of the mutual funds. The NAV represents the daily per share value based on the fair value of the underlying portfolio of investments of the respective Subaccounts.

Receivables and payables from (to) the Contracts and the fund manager

Receivables and payables from (to) the Contracts and the fund manager include trading activity initiated at the Contract level from the last business day of the year that has not yet been settled with the fund manager.

Receivable from dividends

Receivable from dividends include dividends declared by the fund managers that have not yet been reinvested in accordance with the Subaccounts' designated reinvestment dates.

Receivables and payables from (to) the Company

Receivables and payables from (to) the Company include accruals for the variance between investments and reserves applicable to the Subaccount.

Contracts in the annuity period

Net assets allocated to Contracts in the annuity period are computed according to the Annuity 2000 Mortality Table with an assumed investment return of 5%. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the Company for the calculated or excess differential. Any adjustments to these amounts are reflected in Adjustments to net assets allocated to contracts in the payout period on the Statements of Changes in Net Assets of the applicable Subaccounts.

116

Dividend income and capital gain distributions

Dividend income and capital gain distributions are recorded on the ex-dividend date and are reinvested in additional shares of the mutual funds. Ordinary dividend and capital gain distributions are recognized within net investment income and net realized gains, respectively, as recorded in the financial statements of the Subaccounts.

Net realized gains and losses

Net realized gains and losses on investments include gains and losses on redemptions of the Subaccounts’ shares (determined for each product using the first-in-first-out (FIFO) basis) and capital gain distributions from the mutual funds.

Net transfers (to) from the Company and/or Subaccounts

Net transfers (to) from the Company and/or Subaccounts include transfers between the Subaccounts of the Separate Account as well as transfers between the Separate Account and the Company.

Federal income taxes

The results of the operations of the Separate Account are included in the federal income tax return of the Company. Under the provisions of the Contracts, the Company has the right to charge the Separate Account for federal income tax attributable to the Separate Account. No charge has been made against the Separate Account for such tax during the year ended December 31, 2024. Management will periodically review the application of this policy in the event of changes in tax law. Accordingly, a change may be made in future years to consider charges for any federal income taxes that would be attributable to the Contracts.

Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that could affect the reported amounts of assets and liabilities, as well as the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from the estimates reported in the accompanying financial statements.

Risks and uncertainties

The Separate Account provides for various investment options in any combination of Subaccounts, each of which bears exposure to the market, credit, and liquidity risks of the underlying portfolio in which it invests. Due to the level of risk associated with certain investments and the level of uncertainty related to changes in the value of investments, it is at least reasonably possible that changes in risks in the near term could materially affect investment balances, the amounts reported in the statements of assets and liabilities, of operations and of changes in net assets. Accordingly, these financial statements should be read in conjunction with the financial statements and footnotes of the underlying Subaccounts identified in Note 1.

117

PURCHASES AND SALES OF INVESTMENTS

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2024 were as follows:

Subaccount	Purchases		Sales
AB VPS Discovery Value Portfolio, Class A	$	387,052	$	802,395
AB VPS International Value Portfolio, Class A		33,137		200,338
AB VPS Large Cap Growth Portfolio, Class A		2,342,398		4,653,323
AB VPS Relative Value Portfolio, Class A		946,606		3,207,084
AB VPS Sustainable International Thematic Portfolio, Class A		22,510		6,780,262
Alger Balanced Portfolio, Class I-2		2,097		39,972
Alger Capital Appreciation Portfolio, Class I-2		3,758,353		4,054,374
Alger Large Cap Growth Portfolio, Class I-2		1,644,582		5,461,792
Alger Mid Cap Growth Portfolio, Class I-2		136,442		651,285
Allspring VT Discovery All Cap Growth Fund, Class 2		234,091		291,296
Allspring VT Discovery SMID Cap Growth Fund, Class 2		2,466,681		3,321,587
Allspring VT Opportunity Fund, Class 2		591,341		514,261
ALPS Global Opportunity Portfolio, Class I		97,750		176,133
American Funds IS Capital World Bond Fund, Class 2		106,253		69,592
American Funds IS Global Growth Fund, Class 1		167,703		150,410
American Funds IS Global Small Capitalization Fund, Class 2		114,384		180,985
American Funds IS Growth-Income Fund, Class 4		2,456,784		3,270,619
American Funds IS International Fund, Class 2		154,525		240,715
American Funds IS New World Fund, Class 2		204,700		303,570
American Funds IS The Bond Fund of America, Class 2		742,545		1,256,882
BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III		156,355		164,886
BlackRock Global Allocation V.I. Fund, Class I		676,985		1,661,914
BNY Mellon IP MidCap Stock Portfolio, Initial Shares		206,310		224,502
BNY Mellon VIF Appreciation Portfolio, Initial Shares		1,162,031		1,874,137
BNY Mellon VIF Growth and Income Portfolio, Initial Shares		420,146		802,075
BNY Mellon VIF Opportunistic Small Cap Portfolio, Initial Shares		1,918		22,519
ClearBridge Variable Large Cap Growth Portfolio, Class I		2,633,594		3,253,572
ClearBridge Variable Mid Cap Portfolio, Class I		238,494		213,803
ClearBridge Variable Small Cap Growth Portfolio, Class I		272,304		456,561
Columbia VP Emerging Markets Fund, Class 2		102,084		421,286
Columbia VP Large Cap Growth Fund, Class 2		3,191,743		3,378,068
Columbia VP Seligman Global Technology Fund, Class 2		4,437,593		4,911,912
Columbia VP Small Cap Value Fund, Class 2		462,335		943,954
Delaware VIP International Series, Standard Class		50,840		313,117
Dimensional VA US Targeted Value Portfolio		2,015,654		2,047,107
DWS Capital Growth VIP, Class A		4,063,920		4,320,381
DWS Core Equity VIP, Class A		1,656,915		3,315,611
DWS CROCI U.S. VIP, Class A		75,879		459,838
DWS Global Small Cap VIP, Class A		158,914		181,356
DWS Small Cap Index VIP, Class A		3,997,186		4,226,753
DWS Small Mid Cap Growth VIP, Class A		175,734		300,675
DWS Small Mid Cap Value VIP, Class A		219,968		388,338
Empower Aggressive Profile Fund, Investor Class		17,180		7,279
Empower Ariel Mid Cap Value Fund, Investor Class		2,008		51,255
Empower Bond Index Fund, Investor Class		1,566,030		1,279,831

118

Subaccount	Purchases		Sales
Empower Conservative Profile Fund, Investor Class	$	210,663	$	501,829
Empower International Index Fund, Investor Class		600,333		314,072
Empower International Value Fund, Investor Class		337,948		268,283
Empower Lifetime 2015 Fund, Investor Class		2,190		175,809
Empower Lifetime 2020 Fund, Investor Class		26,413		5,088
Empower Lifetime 2025 Fund, Investor Class		26,897		56,764
Empower Lifetime 2030 Fund, Investor Class		118,551		5,392
Empower Lifetime 2035 Fund, Investor Class		11,947		1,291
Empower Lifetime 2040 Fund, Investor Class		1,695		171
Empower Lifetime 2045 Fund, Investor Class		7,769		786
Empower Lifetime 2050 Fund, Investor Class		4,976		353
Empower Lifetime 2055 Fund, Investor Class		5,041		732
Empower Lifetime 2060 Fund, Investor Class		5,014		521
Empower Mid Cap Value Fund, Investor Class		230,376		163,631
Empower Moderate Profile Fund, Investor Class		1,412,530		814,965
Empower Moderately Aggressive Profile Fund, Investor Class		265,169		441,414
Empower Moderately Conservative Profile Fund, Investor Class		281,546		543,562
Empower Multi-Sector Bond Fund, Investor Class		1,195,359		622,900
Empower Real Estate Index Fund, Investor Class		24,122		2,160
Empower SecureFoundation Balanced Fund, Investor Class		12,281,177		24,393,972
Empower Small Cap Value Fund, Investor Class		68,760		84,119
Empower T. Rowe Price Mid Cap Growth Fund, Investor Class		141,535		425,477
Federated Hermes Fund for U.S. Government Securities II		1,765,653		3,542,502
Federated Hermes Managed Volatility Fund II		43,504		103,368
Franklin Small Cap Value VIP Fund, Class 2		1,001,476		1,294,184
Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares		1,620		375
Invesco Oppenheimer V.I. International Growth Fund, Series I		1,074,030		1,535,916
Invesco V.I. Comstock Fund, Series I		1,516,670		1,989,079
Invesco V.I. Core Equity Fund, Series I		365,735		131,192
Invesco V.I. EQV International Equity Fund, Series I		957,331		2,305,330
Invesco V.I. Global Fund, Series I		2,584,990		4,097,813
Invesco V.I. Growth and Income Fund, Series I		1,226,029		1,206,054
Invesco V.I. High Yield Fund, Series I		461,056		855,552
Invesco V.I. Main Street Mid Cap Fund		427,306		128,912
Invesco V.I. Main Street Small Cap Fund		2,821,159		1,552,483
Invesco V.I. Small Cap Equity Fund, Series I		441,786		396,846
Invesco V.I. Technology Fund, Series I		735,091		534,705
Janus Henderson Balanced Fund, Class I		467,012		3,101,523
Janus Henderson Flexible Bond Portfolio		1,390,181		1,732,680
Janus Henderson Flexible Bond Portfolio, Service Shares		3,640,264		6,194,133
Janus Henderson Global Research Fund, Class I		2,016,588		1,058,841
Janus Henderson Overseas Fund, Class S		217,692		268,660
Janus Henderson Overseas Portfolio, Institutional Shares		40,697		273,936
Janus Henderson Research Portfolio, Institutional Shares		323,969		902,872
Janus Henderson VIT Balanced Portfolio, Service Shares		7,570,465		16,292,205
Janus Henderson VIT Global Technology and Innovation Portfolio, Institutional Shares		122,239		266,796
Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares		5,856,578		7,952,589
Lazard Retirement Emerging Markets Equity Portfolio		1,876,992		2,049,884
Lord Abbett Series Fund Short Duration Income Portfolio		555,532		1,675,028

119

Subaccount	Purchases		Sales
LVIP American Century Balanced Fund, Standard Class II	$	652,609	$	4,955,875
LVIP American Century Disciplined Core Value Fund, Standard Class II		397,172		835,019
LVIP American Century International Fund, Standard Class II		1,578,955		1,552,625
LVIP American Century Mid Cap Value Fund, Service Class		1,287,462		1,731,119
LVIP American Century Value Fund, Standard Class II		2,536,539		5,650,175
LVIP Baron Growth Opportunities Fund, Service Class		770,356		2,173,413
LVIP JPMorgan Core Bond Fund, Standard Class		1,269,101		993,272
LVIP JPMorgan Small Cap Core Fund, Standard Class		419,426		774,716
LVIP Macquarie SMID Cap Core Fund, Standard Class		933,270		1,244,977
LVIP Macquarie Value Fund, Standard Class		130,429		118,321
Macquarie VIP Emerging Markets Series, Standard Class		640,112		1,085,904
Macquarie VIP International Core Equity Series, Service Class		22,586		210,858
Macquarie VIP International Core Equity Series, Standard Class		261,537		45,902
Macquarie VIP Small Cap Value Series, Standard Class		1,353,341		2,332,290
MFS Blended Research Small Cap Equity Portfolio, Initial Class		79,919		99,900
MFS Core Equity Portfolio, Service Class		61,018		2,124
MFS International Growth Portfolio, Initial Class		205,094		304,427
MFS International Intrinsic Value Portfolio, Service Class		4,446,510		7,029,428
MFS Mid Cap Value Portfolio, Initial Class		200,965		476,426
MFS Utilities Series, Service Class		718,358		1,520,923
Morgan Stanley VIF U.S. Real Estate Portfolio, Class I		121,541		3,015,933
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio, Class S		18,169		48,039
Neuberger Berman AMT Sustainable Equity Portfolio, Class S		41,078		4,119
NVIT Mid Cap Index Fund, Class II		4,637,205		4,081,620
PIMCO Commodity RealReturn Strategy Portfolio, Admin Class		476,334		584,277
PIMCO Emerging Markets Bond Portfolio, Admin Class		656,073		705,174
PIMCO High Yield Portfolio, Admin Class		3,919,877		4,171,322
PIMCO Low Duration Portfolio, Admin Class		8,366,554		8,776,981
PIMCO Real Return Portfolio, Admin Class		864,404		740,292
PIMCO Total Return Portfolio, Admin Class		17,335,435		14,801,148
Pioneer Bond VCT Portfolio		2,604,967		724,627
Pioneer Fund VCT Portfolio, Class I		3,046,619		2,123,549
Pioneer Mid Cap Value VCT Portfolio, Class II		256,925		87,428
Pioneer Select Mid Cap Growth VCT Portfolio, Class I		2,421,811		2,316,523
Prudential Series Fund Equity Portfolio, Class II		7,767		60,460
Prudential Series Fund Natural Resources Portfolio, Class II		-		18,728
Putnam VT Core Equity Fund, Class IA		2,910,099		2,048,161
Putnam VT Global Asset Allocation Fund, Class IA		44,993		73,372
Putnam VT Global Health Care Fund, Class IB		412,286		1,881,856
Putnam VT Income Fund, Class IA		1,254,110		724,327
Putnam VT International Equity Fund, Class IA		260,501		242,908
Putnam VT International Value Fund, Class IA		486,147		586,075
Putnam VT Large Cap Value Fund, Class IB		5,986,673		4,062,217
Putnam VT Mortgage Securities Fund		4,118,088		3,927,761
Putnam VT Small Cap Value Fund, Class IA		881,950		738,419
Royce Capital Fund Small Cap Portfolio, Service Class		277,894		462,730
Schwab Government Money Market Portfolio		91,733,012		90,225,174
Schwab S&P 500 Index Fund		34,071,946		84,918,729
Schwab VIT Balanced Portfolio		395,014		420,725

120

Subaccount	Purchases		Sales
Schwab VIT Balanced with Growth Portfolio	$	173,478	$	62,950
Schwab VIT Growth Portfolio		414,550		35,136
T. Rowe Price Health Sciences Portfolio		138,272		208,431
T. Rowe Price Health Sciences Portfolio, Class II		1,455,739		1,057,853
Templeton Foreign VIP Fund, Class 2		474,841		457,591
Templeton Global Bond VIP Fund, Class 2		394,018		817,670
Third Avenue Value Fund		158,245		146,077
Touchstone VST Bond Fund		512,003		1,636,022
Touchstone VST Common Stock Fund		973,664		1,422,882
Touchstone VST Common Stock Fund, Service Class		480,284		647,769
Touchstone VST Small Company Fund		623,118		1,146,022
VanEck VIP Global Resources Fund		955,608		2,140,896
VanEck VIP Unconstrained Emerging Markets Bond Fund, Class I		337,892		384,720
Vanguard VIF Capital Growth Portfolio		529,369		943,202
Vanguard VIF Diversified Value Portfolio		669,096		811,159
Vanguard VIF Mid-Cap Index Portfolio		599,803		976,967
Vanguard VIF Real Estate Index Portfolio		1,337,404		521,392
Vanguard VIF Small Company Growth Portfolio		14,368		293,590

121

CHANGES IN UNITS OUTSTANDING

The changes in units outstanding for the years or periods ended December 31, 2024 and 2023 were as follows:

	2024								2023
Subaccount	Units Issued			Units Redeemed		Net Increase (Decrease)			Units Issued		Units Redeemed		Net Increase (Decrease)
AB VPS Discovery Value Portfolio, Class A		8,269			26,058		(17,789	)		23,310		44,565		(21,255	)
AB VPS International Value Portfolio, Class A		-			18,463		(18,463	)		-		34,180		(34,180	)
AB VPS Large Cap Growth Portfolio, Class A		30,038			91,153		(61,115	)		55,385		62,207		(6,822	)
AB VPS Relative Value Portfolio, Class A		9,963			108,399		(98,436	)		101,419		49,492		51,927
AB VPS Sustainable International Thematic Portfolio, Class A		1,132			332,310		(331,178	)		1,371		25,665		(24,294	)
Alger Balanced Portfolio, Class I-2		-			970		(970	)		-		3,448		(3,448	)
Alger Capital Appreciation Portfolio, Class I-2		119,667			132,247		(12,580	)		106,131		62,034		44,097
Alger Large Cap Growth Portfolio, Class I-2		23,255			82,285		(59,030	)		14,217		61,471		(47,254	)
Alger Mid Cap Growth Portfolio, Class I-2		2,779			13,349		(10,570	)		1,024		12,269		(11,245	)
Allspring VT Discovery All Cap Growth Fund, Class 2		4,661			9,545		(4,884	)		4,155		23,272		(19,117	)
Allspring VT Discovery SMID Cap Growth Fund, Class 2		94,106			109,140		(15,034	)		25,160		51,305		(26,145	)
Allspring VT Opportunity Fund, Class 2		168			11,054		(10,886	)		2,563		16,309		(13,746	)
ALPS Global Opportunity Portfolio, Class I		3,687			8,478		(4,791	)		9,000		2,956		6,044
American Funds IS Capital World Bond Fund, Class 2		11,139			7,623		3,516			23,335		2,883		20,452
American Funds IS Global Growth Fund, Class 1		2,599			5,213		(2,614	)		1,227		16,907		(15,680	)
American Funds IS Global Small Capitalization Fund, Class 2		7,893			13,706		(5,813	)		7,925		3,020		4,905
American Funds IS Growth-Income Fund, Class 4		111,808			186,368		(74,560	)		230,718		78,440		152,278
American Funds IS International Fund, Class 2		9,593			17,283		(7,690	)		11,878		76,545		(64,667	)
American Funds IS New World Fund, Class 2		9,123			16,322		(7,199	)		12,713		31,172		(18,459	)
American Funds IS The Bond Fund of America, Class 2		67,711			130,261		(62,550	)		146,569		68,381		78,188
BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III		6,726			11,336		(4,610	)		4,697		7,192		(2,495	)
BlackRock Global Allocation V.I. Fund, Class I		7,996			105,768		(97,772	)		13,694		56,430		(42,736	)
BNY Mellon IP MidCap Stock Portfolio, Initial Shares		2,828			6,218		(3,390	)		1,507		11,964		(10,457	)
BNY Mellon VIF Appreciation Portfolio, Initial Shares		7,403			34,686		(27,283	)		3,288		24,437		(21,149	)
BNY Mellon VIF Growth and Income Portfolio, Initial Shares		1,589			17,858		(16,269	)		2,234		47,665		(45,431	)
BNY Mellon VIF Opportunistic Small Cap Portfolio, Initial Shares		0	*		635		(635	)		-		11,189		(11,189	)
ClearBridge Variable Large Cap Growth Portfolio, Class I		129,926			149,662		(19,736	)		253,550		207,832		45,718
ClearBridge Variable Mid Cap Portfolio, Class I		12,904			12,459		445			17,300		16,321		979
ClearBridge Variable Small Cap Growth Portfolio, Class I		10,386			23,010		(12,624	)		12,465		16,910		(4,445	)
Columbia VP Emerging Markets Fund, Class 2		9,000			38,226		(29,226	)		41,977		30,916		11,061
Columbia VP Large Cap Growth Fund, Class 2		96,727			104,730		(8,003	)		118,210		82,020		36,190
Columbia VP Seligman Global Technology Fund, Class 2		43,483			67,540		(24,057	)		45,469		57,621		(12,152	)

122

	2024								2023
Subaccount	Units Issued			Units Redeemed		Net Increase (Decrease)			Units Issued		Units Redeemed		Net Increase (Decrease)
Columbia VP Small Cap Value Fund, Class 2		14,057			30,576		(16,519	)		46,494		33,539		12,955
Dimensional VA US Targeted Value Portfolio		81,772			89,515		(7,743	)		2,461		19,032		(16,571	)
DWS Capital Growth VIP, Class A		29,018			73,998		(44,980	)		38,073		89,240		(51,167	)
DWS Core Equity VIP, Class A		15,150			67,603		(52,453	)		60,078		22,741		37,337
DWS CROCI U.S. VIP, Class A		123			16,029		(15,906	)		1,836		14,297		(12,461	)
DWS Global Small Cap VIP, Class A		7,579			12,224		(4,645	)		2,850		21,056		(18,206	)
DWS Small Cap Index VIP, Class A		117,831			152,614		(34,783	)		104,091		185,753		(81,662	)
DWS Small Mid Cap Growth VIP, Class A		6,568			11,930		(5,362	)		7,422		13,649		(6,227	)
DWS Small Mid Cap Value VIP, Class A		1,223			14,085		(12,862	)		10,474		5,513		4,961
Empower Aggressive Profile Fund, Investor Class		-			346		(346	)		-		448		(448	)
Empower Ariel Mid Cap Value Fund, Investor Class		105			3,181		(3,076	)		62		6,856		(6,794	)
Empower Bond Index Fund, Investor Class		136,972			123,086		13,886			60,841		188,463		(127,622	)
Empower Conservative Profile Fund, Investor Class		5,097			39,018		(33,921	)		32,885		216,005		(183,120	)
Empower International Index Fund, Investor Class		41,603			22,772		18,831			23,595		59,551		(35,956	)
Empower International Value Fund, Investor Class		21,260			18,030		3,230			6,524		6,783		(259	)
Empower Lifetime 2015 Fund, Investor Class		0	*		14,148		(14,148	)		-		-		-
Empower Lifetime 2020 Fund, Investor Class		-			62		(62	)		-		51		(51	)
Empower Lifetime 2025 Fund, Investor Class		-			3,987		(3,987	)		6,234		13,819		(7,585	)
Empower Lifetime 2030 Fund, Investor Class		5,901			120		5,781			3,280		6,020		(2,740	)
Empower Lifetime 2035 Fund, Investor Class		-			-		-			-		-		-
Empower Lifetime 2040 Fund, Investor Class		-			-		-			-		-		-
Empower Lifetime 2045 Fund, Investor Class		-			-		-			-		-		-
Empower Lifetime 2050 Fund, Investor Class		-			-		-			-		-		-
Empower Lifetime 2055 Fund, Investor Class		-			-		-			1,450		1,450		-
Empower Lifetime 2060 Fund, Investor Class		-			-		-			5,074		-		5,074
Empower Mid Cap Value Fund, Investor Class		7,793			8,349		(556	)		4,032		6,601		(2,569	)
Empower Moderate Profile Fund, Investor Class		55,477			56,001		(524	)		32,167		34,600		(2,433	)
Empower Moderately Aggressive Profile Fund, Investor Class		830			28,148		(27,318	)		947		38,516		(37,569	)
Empower Moderately Conservative Profile Fund, Investor Class		5,766			40,458		(34,692	)		2,050		79,062		(77,012	)
Empower Multi-Sector Bond Fund, Investor Class		79,154			47,298		31,856			15,371		65,880		(50,509	)
Empower Real Estate Index Fund, Investor Class		262			1		261			23,687		40,100		(16,413	)
Empower SecureFoundation Balanced Fund, Investor Class		39,436			1,382,385		(1,342,949	)		142,515		1,363,851		(1,221,336	)
Empower Small Cap Value Fund, Investor Class		3,356			4,518		(1,162	)		5,551		10,536		(4,985	)
Empower T. Rowe Price Mid Cap Growth Fund, Investor Class		4,323			22,685		(18,362	)		14,350		31,646		(17,296	)
Federated Hermes Fund for U.S. Government Securities II		78,403			253,215		(174,812	)		80,761		482,162		(401,401	)
Federated Hermes Managed Volatility Fund II		-			2,747		(2,747	)		-		6,851		(6,851	)

123

	2024								2023
Subaccount	Units Issued			Units Redeemed		Net Increase (Decrease)			Units Issued		Units Redeemed		Net Increase (Decrease)
Franklin Small Cap Value VIP Fund, Class 2		41,928			55,311		(13,383	)		42,940		42,964		(24	)
Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares		-			-		-			-		-		-
Invesco Oppenheimer V.I. International Growth Fund, Series I		10,779			68,771		(57,992	)		15,166		85,190		(70,024	)
Invesco V.I. Comstock Fund, Series I		27,563			53,316		(25,753	)		27,626		88,640		(61,014	)
Invesco V.I. Core Equity Fund, Series I		-			1,542		(1,542	)		-		2,787		(2,787	)
Invesco V.I. EQV International Equity Fund, Series I		33,936			114,827		(80,891	)		21,559		99,767		(78,208	)
Invesco V.I. Growth and Income Fund, Series I		12,387			29,872		(17,485	)		15,025		39,096		(24,071	)
Invesco V.I. High Yield Fund, Series I		12,353			52,141		(39,788	)		39,565		29,556		10,009
Invesco V.I. Main Street Mid Cap Fund		10,411			3,888		6,523			351		7,782		(7,431	)
Invesco V.I. Main Street Small Cap Fund		112,724			65,542		47,182			34,416		53,494		(19,078	)
Invesco V.I. Global Fund, Series I		16,036			82,563		(66,527	)		116,439		170,397		(53,958	)
Invesco V.I. Small Cap Equity Fund, Series I		6,877			8,894		(2,017	)		6,614		11,459		(4,845	)
Invesco V.I. Technology Fund, Series I		14,383			18,771		(4,388	)		19,855		27,743		(7,888	)
Janus Henderson Flexible Bond Portfolio		66,050			130,266		(64,216	)		113,100		95,683		17,417
Janus Henderson Flexible Bond Portfolio, Service Shares		148,569			381,418		(232,849	)		187,588		215,446		(27,858	)
Janus Henderson Overseas Portfolio, Institutional Shares		-			6,676		(6,676	)		-		5,098		(5,098	)
Janus Henderson Research Portfolio, Institutional Shares		0	*		9,368		(9,368	)		177		9,157		(8,980	)
Janus Henderson Balanced Fund, Class I		7,053			109,618		(102,565	)		32,580		81,893		(49,313	)
Janus Henderson Global Research Fund, Class I		45,592			24,159		21,433			8,583		49,916		(41,333	)
Janus Henderson Overseas Fund, Class S		13,882			17,594		(3,712	)		24,349		41,696		(17,347	)
Janus Henderson VIT Balanced Portfolio, Service Shares		179,870			609,349		(429,479	)		81,801		458,362		(376,561	)
Janus Henderson VIT Global Technology and Innovation Portfolio, Institutional Shares		2,114			4,711		(2,597	)		5,690		14,488		(8,798	)
Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares		110,975			148,442		(37,467	)		111,482		107,106		4,376
Lazard Retirement Emerging Markets Equity Portfolio		96,538			130,684		(34,146	)		48,056		115,689		(67,633	)
Lord Abbett Series Fund Short Duration Income Portfolio		43,994			159,366		(115,372	)		80,305		17,229		63,076
LVIP American Century Balanced Fund, Standard Class II		3,950			197,500		(193,550	)		7,219		152,489		(145,270	)
LVIP American Century Disciplined Core Value Fund, Standard Class II		8,708			24,481		(15,773	)		46,422		96,268		(49,846	)
LVIP American Century International Fund, Standard Class II		71,502			73,303		(1,801	)		83,692		130,779		(47,087	)
LVIP American Century Mid Cap Value Fund, Service Class		13,809			43,795		(29,986	)		33,250		56,958		(23,708	)
LVIP American Century Value Fund, Standard Class II		28,911			148,513		(119,602	)		121,199		186,924		(65,725	)
LVIP Baron Growth Opportunities Fund, Service Class		9,821			34,809		(24,988	)		5,768		31,236		(25,468	)
LVIP JPMorgan Core Bond Fund, Standard Class		127,145			103,301		23,844			141,843		79,755		62,088
LVIP JPMorgan Small Cap Core Fund, Standard Class		17,343			30,409		(13,066	)		17,286		5,897		11,389
LVIP Macquarie SMID Cap Core Fund, Standard Class		13,720			26,833		(13,113	)		4,432		33,954		(29,522	)
LVIP Macquarie Value Fund, Standard Class		4,365			7,035		(2,670	)		5,845		13,012		(7,167	)
Macquarie VIP Emerging Markets Series, Standard Class		39,825			78,686		(38,861	)		80,286		139,724		(59,438	)

124

	2024							2023
Subaccount	Units Issued		Units Redeemed		Net Increase (Decrease)			Units Issued		Units Redeemed		Net Increase (Decrease)
Delaware VIP International Series, Standard Class		4,583		30,528		(25,945	)		63,276		64,101		(825	)
Macquarie VIP International Core Equity Series, Service Class		-		15,863		(15,863	)		742		18,565		(17,823	)
Macquarie VIP International Core Equity Series, Standard Class		25,755		4,369		21,386			-		-		-
Macquarie VIP Small Cap Value Series, Standard Class		17,356		55,011		(37,655	)		31,436		57,792		(26,356	)
MFS Blended Research Small Cap Equity Portfolio, Initial Class		5,441		7,786		(2,345	)		7,825		7		7,818
MFS Core Equity Portfolio, Service Class		3,048		79		2,969			519		22		497
MFS International Growth Portfolio, Initial Class		13,031		21,465		(8,434	)		20,149		11,676		8,473
MFS International Intrinsic Value Portfolio, Service Class		87,303		231,292		(143,989	)		66,020		150,708		(84,688	)
MFS Mid Cap Value Portfolio, Initial Class		8,915		27,430		(18,515	)		2,146		18,973		(16,827	)
MFS Utilities Series, Service Class		18,262		72,459		(54,197	)		33,995		129,876		(95,881	)
Morgan Stanley VIF U.S. Real Estate Portfolio, Class I		1,042		52,104		(51,062	)		697		8,210		(7,513	)
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio, Class S		-		1,837		(1,837	)		77		4,808		(4,731	)
Neuberger Berman AMT Sustainable Equity Portfolio, Class S		-		-		-			-		7,998		(7,998	)
NVIT Mid Cap Index Fund, Class II		61,345		77,661		(16,316	)		56,143		75,387		(19,244	)
Pioneer Fund VCT Portfolio, Class I		75,510		55,303		20,207			98,526		106,954		(8,428	)
PIMCO Emerging Markets Bond Portfolio, Admin Class		54,305		62,095		(7,790	)		32,165		36,573		(4,408	)
PIMCO High Yield Portfolio, Admin Class		129,643		195,655		(66,012	)		39,486		266,246		(226,760	)
PIMCO Low Duration Portfolio, Admin Class		471,108		657,814		(186,706	)		379,446		830,269		(450,823	)
PIMCO Real Return Portfolio, Admin Class		68,653		64,260		4,393			15,460		35,001		(19,541	)
PIMCO Commodity RealReturn Strategy Portfolio, Admin Class		51,846		69,959		(18,113	)		52,994		142,750		(89,756	)
PIMCO Total Return Portfolio, Admin Class		966,714		1,039,014		(72,300	)		445,208		686,640		(241,432	)
Pioneer Bond VCT Portfolio		221,463		64,383		157,080			48,465		16,195		32,270
Pioneer Mid Cap Value VCT Portfolio, Class II		4,451		2,627		1,824			4,407		9,702		(5,295	)
Pioneer Select Mid Cap Growth VCT Portfolio, Class I		87,993		77,058		10,935			29,560		48,789		(19,229	)
Prudential Series Fund Equity Portfolio, Class II		119		797		(678	)		21		7,837		(7,816	)
Prudential Series Fund Natural Resources Portfolio, Class II		-		936		(936	)		-		2,483		(2,483	)
Putnam VT Global Asset Allocation Fund, Class IA		1,637		3,899		(2,262	)		11,343		22,752		(11,409	)
Putnam VT Global Health Care Fund, Class IB		7,833		51,338		(43,505	)		1,084		15,231		(14,147	)
Putnam VT Income Fund, Class IA		91,450		65,061		26,389			32,846		46,203		(13,357	)
Putnam VT International Equity Fund, Class IA		13,614		14,908		(1,294	)		13,282		11,629		1,653
Putnam VT Core Equity Fund, Class IA		80,779		62,002		18,777			40,668		19,828		20,840
Putnam VT International Value Fund, Class IA		30,080		38,777		(8,697	)		27,042		30,028		(2,986	)
Putnam VT Large Cap Value Fund, Class IB		150,124		113,013		37,111			57,529		128,633		(71,104	)
Putnam VT Mortgage Securities Fund		393,369		374,436		18,933			34,058		57,037		(22,979	)
Royce Capital Fund Small Cap Portfolio, Service Class		3,735		12,225		(8,490	)		3,166		9,559		(6,393	)
Putnam VT Small Cap Value Fund, Class IA		41,901		37,962		3,939			24,553		17,455		7,098

125

	2024							2023
Subaccount	Units Issued		Units Redeemed		Net Increase (Decrease)			Units Issued		Units Redeemed		Net Increase (Decrease)
Schwab Government Money Market Portfolio		7,266,576		7,791,351		(524,775	)		6,709,877		7,953,132		(1,243,255	)
Schwab S&P 500 Index Fund		556,169		1,832,761		(1,276,592	)		746,598		2,009,040		(1,262,442	)
Schwab VIT Balanced Portfolio		21,343		28,354		(7,011	)		1,878		28,795		(26,917	)
Schwab VIT Balanced with Growth Portfolio		3,102		2,286		816			236		50,567		(50,331	)
Schwab VIT Growth Portfolio		21,796		1,654		20,142			48		6,249		(6,201	)
T. Rowe Price Health Sciences Portfolio		646		7,248		(6,602	)		3,425		4,041		(616	)
T. Rowe Price Health Sciences Portfolio, Class II		40,792		38,578		2,214			31,978		62,462		(30,484	)
Templeton Foreign VIP Fund, Class 2		20,833		31,805		(10,972	)		20,650		53,555		(32,905	)
Templeton Global Bond VIP Fund, Class 2		48,961		94,463		(45,502	)		94,180		223,146		(128,966	)
Third Avenue Value Fund		261		7,270		(7,009	)		-		6,626		(6,626	)
Touchstone VST Bond Fund		16,206		118,679		(102,473	)		86,595		53,700		32,895
Touchstone VST Common Stock Fund		1,454		20,730		(19,276	)		8,080		12,729		(4,649	)
Touchstone VST Common Stock Fund, Service Class		1,156		9,752		(8,596	)		974		3,434		(2,460	)
Touchstone VST Small Company Fund		9,715		26,715		(17,000	)		16,990		16,991		(1	)
VanEck VIP Global Resources Fund		106,420		251,406		(144,986	)		96,993		170,206		(73,213	)
VanEck VIP Unconstrained Emerging Markets Bond Fund, Class I		9,105		26,868		(17,763	)		4,504		30,625		(26,121	)
Vanguard VIF Capital Growth Portfolio		10,131		28,343		(18,212	)		70,817		85,463		(14,646	)
Vanguard VIF Diversified Value Portfolio		8,706		33,373		(24,667	)		14,134		25,298		(11,164	)
Vanguard VIF Mid-Cap Index Portfolio		13,543		38,752		(25,209	)		25,495		46,672		(21,177	)
Vanguard VIF Real Estate Index Portfolio		59,823		29,893		29,930			38,669		55,624		(16,955	)
Vanguard VIF Small Company Growth Portfolio		-		12,902		(12,902	)		-		2,635		(2,635	)

* The Subaccount has units that round to less than one.

Note: Units may not appear to foot/crossfoot due to rounding.

126

EXPENSES AND RELATED PARTY TRANSACTIONS

The fees and charges below are the current expenses deducted by the Subaccount from either the net unit value or from the Contract as a redemption of units. Fees and charges may vary based on factors such as the product purchased, optional benefits chosen, benefit base, asset base, death benefit option elected, a Contract's total asset value, age of Contract, surrender amount, if a surrender is requested during the period specified, Subaccounts selected, transaction amount, and/or transaction frequency. The fees and charges are recorded, as applicable, to the respective Subaccount in the Separate Account. Redemption of units deductions are made to the individual Contracts in accordance with the terms which govern each annuity, as set forth in the Contract.

Expense Type	Range
Mortality and Expense Risk Fee
This fee is assessed to reimburse the Company for assuming mortality and expense risks. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as Mortality and expense risk in the Statements of Operations.	a daily fee amounting to a per annum aggregate of 0.49% - 0.85% of the average daily net assets of the Subaccounts

Expenses of the Portfolios
This fee, if applicable, is assessed to provide compensation for administrative services performed in connection with the subaccounts. Such compensation is assessed against the value of the assets invested in the relevant subaccounts and is recorded as Investment advisory expenses in the Statements of Operations.	0% - 0.35% annually

Deductions for Premium Taxes
This deduction is to comply with any applicable state premium and/or retaliatory taxes. The mandated amount is deducted from the contribution when it is received which in turn reduces Contract owners’ net payments on the Statements of Changes in Net Assets.	0% - 3.5% of each contribution, if applicable

Transfer Charge
This charge is assessed to reimburse the Company for costs incurred when transferring funds. The charge is deducted upon transfer, assessed through a redemption of units, and recorded as Contract owners’ benefits within the Statements of Changes in Net Assets.	$0 - $10 per transfer, after the first 12 transfers in any calendar year

Contract Maintenance Charge
This charge is assessed to reimburse the Company for expenses incurred in the administration of the Contract and the Separate Account. If applicable, the charge is deducted annually, assessed through a redemption of units, and recorded as Contract maintenance charges in the Statements of Changes in Net Assets.	$0 - $25 annually

Charge for Optional Benefits: GLWB Rider
This Charge, if applicable, is assessed to reimburse the Company for costs and risks stemming from optional living benefits elected by the Contract owner. The charge is deducted quarterly, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets.	0.90% - 1.50% of net asset base

127

FINANCIAL HIGHLIGHTS

The Company sells a number of variable annuity products that are funded by the Separate Account. These products have unique combinations of features and expenses that are charged against the Contract owner’s account. Differences in the expense structures result in a variety of unit values, expense ratios and total returns. The following tables were developed by determining which products offered by the Company and funded by the Separate Account have the highest and lowest expense ratios. The summaries may not reflect or directly equate to the minimum and maximum Contract expenses offered by the Company, as Contract owners may not have selected all available and applicable Contract options for or during the periods presented.

A summary of the units outstanding, unit fair values, net assets for variable annuity Contracts, investment income ratios, the expense ratios, excluding expenses of the underlying Subaccounts, and total returns for each of the five years or periods ended December 31, 2024 is as follows:

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
AB VPS Discovery Value Portfolio, Class A
2024		113	$	20.79	$	36.52	$	3,684		0.84	%		0.49	%		0.85	%		9.48	%		9.08	%
2023		130		18.99		33.48		3,946		1.04	%		0.49	%		0.85	%		16.61	%		16.19	%
2022		152		16.28		28.82		3,919		1.03	%		0.49	%		0.85	%		(13.71	)%		(18.91	)%
2021		192		18.87		35.54		6,043		0.74	%		0.49	%		0.85	%		39.07	%		31.64	%
2020		191		14.34		25.55		4,494		1.10	%		0.49	%		0.85	%		2.50	%		2.84	%
AB VPS International Value Portfolio, Class A
2024		116		10.30		9.93		1,188		2.61	%		0.65	%		0.85	%		4.38	%		4.17	%
2023		134		9.87		9.53		1,318		0.75	%		0.65	%		0.85	%		14.40	%		14.18	%
2022		169		8.63		8.35		1,444		4.57	%		0.65	%		0.85	%		(11.44	)%		(16.98	)%
2021		184		9.74		10.05		1,839		2.00	%		0.65	%		0.85	%		13.65	%		6.96	%
2020		196		9.11		8.85		1,768		2.01	%		0.65	%		0.85	%		1.56	%		1.78	%
AB VPS Large Cap Growth Portfolio, Class A
2024		375		47.06		94.74		21,472		0.05	%		0.49	%		0.85	%		24.64	%		24.19	%
2023		436		37.75		76.29		19,835		0.00	%		0.49	%		0.85	%		34.47	%		33.99	%
2022		443		28.08		56.94		14,862		0.00	%		0.49	%		0.85	%		(26.89	)%		(29.11	)%
2021		519		38.40		80.32		23,882		0.00	%		0.49	%		0.85	%		27.88	%		24.88	%
2020		487		30.75		62.81		17,518		0.00	%		0.49	%		0.85	%		34.35	%		34.80	%

128

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
AB VPS Relative Value Portfolio, Class A
2024		304	$	25.45	$	50.91	$	11,970		1.45	%		0.49	%		0.85	%		12.47	%		12.06	%
2023		403		22.63		45.43		13,284		1.49	%		0.49	%		0.85	%		11.48	%		11.08	%
2022		351		20.30		40.90		10,970		1.42	%		0.49	%		0.85	%		(2.02	)%		(5.00	)%
2021		350		20.71		43.05		11,514		0.84	%		0.49	%		0.85	%		27.07	%		24.09	%
2020		356		16.69		33.88		9,133		1.71	%		0.49	%		0.85	%		1.86	%		2.22	%
AB VPS Sustainable International Thematic Portfolio, Class A
2024		-		-		-		-		0.00	%		0.49	%		0.85	%		(1.03	)%		(1.13	)%
2023		331		13.63		20.58		6,870		0.00	%		0.49	%		0.85	%		12.09	%		11.68	%
2022		355		12.16		18.43		6,597		0.00	%		0.49	%		0.85	%		(25.97	)%		(30.57	)%
2021		374		16.43		26.55		9,649		0.00	%		0.49	%		0.85	%		10.97	%		4.82	%
2020		396		15.68		23.92		9,494		1.49	%		0.49	%		0.85	%		28.83	%		29.34	%
Alger Balanced Portfolio, Class I-2
2024		32		35.68		36.18		1,144		0.00	%		0.65	%		0.85	%		16.30	%		16.07	%
2023		33		30.68		31.17		1,009		1.45	%		0.65	%		0.85	%		16.67	%		16.44	%
2022		37		26.30		26.77		972		1.17	%		0.65	%		0.85	%		(10.97	)%		(12.06	)%
2021		37		29.54		30.44		1,118		0.82	%		0.65	%		0.85	%		18.11	%		17.13	%
2020		38		25.22		25.78		980		1.38	%		0.65	%		0.85	%		9.31	%		9.50	%
Alger Capital Appreciation Portfolio, Class I-2
2024		194		38.28		36.97		7,333		0.00	%		0.49	%		0.85	%		47.41	%		46.87	%
2023		206		25.97		25.17		5,310		0.00	%		0.49	%		0.85	%		42.43	%		41.92	%
2022		162		18.23		17.74		2,928		0.00	%		0.49	%		0.85	%		(35.30	)%		(38.55	)%
2021		176		28.18		28.87		5,016		0.00	%		0.49	%		0.85	%		20.99	%		15.73	%
2020		239		24.35		23.86		5,764		0.00	%		0.49	%		0.85	%		40.59	%		41.08	%

129

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Alger Large Cap Growth Portfolio, Class I-2
2024		517	$	37.36	$	110.50	$	40,593		0.00	%		0.49	%		0.85	%		42.19	%		41.67	%
2023		576		26.27		78.00		31,617		0.00	%		0.49	%		0.85	%		32.02	%		31.55	%
2022		623		19.90		59.29		25,616		0.00	%		0.49	%		0.85	%		(37.26	)%		(39.17	)%
2021		706		31.72		97.47		47,075		0.00	%		0.49	%		0.85	%		10.90	%		8.28	%
2020		792		29.29		87.90		47,075		0.20	%		0.49	%		0.85	%		65.62	%		66.24	%
Alger Mid Cap Growth Portfolio, Class I-2
2024		84		26.58		55.55		4,660		0.00	%		0.49	%		0.85	%		24.91	%		20.04	%
2023		95		21.28		46.28		4,330		0.00	%		0.49	%		0.85	%		22.57	%		22.13	%
2022		106		17.36		37.89		3,972		0.00	%		0.49	%		0.85	%		(34.62	)%		(37.38	)%
2021		117		26.55		60.51		6,939		0.00	%		0.49	%		0.85	%		4.59	%		0.90	%
2020		131		26.32		57.86		7,528		0.00	%		0.49	%		0.85	%		63.25	%		63.87	%
Allspring VT Discovery All Cap Growth Fund, Class 2
2024		74		30.79		31.20		2,267		0.00	%		0.65	%		0.85	%		20.21	%		19.97	%
2023		78		25.61		26.01		2,014		0.00	%		0.65	%		0.85	%		32.31	%		32.05	%
2022		98		19.36		19.70		1,949		0.00	%		0.65	%		0.85	%		(36.65	)%		(38.68	)%
2021		113		30.56		32.12		3,595		0.00	%		0.65	%		0.85	%		15.76	%		12.50	%
2020		142		27.16		27.75		3,932		0.00	%		0.65	%		0.85	%		42.00	%		42.27	%
Allspring VT Discovery SMID Cap Growth Fund, Class 2
2024		188		24.45		72.92		7,832		0.00	%		0.49	%		0.85	%		17.55	%		17.13	%
2023		203		20.80		62.26		7,352		0.00	%		0.49	%		0.85	%		19.56	%		19.13	%
2022		229		17.40		52.26		7,066		0.00	%		0.49	%		0.85	%		(36.44	)%		(38.37	)%
2021		252		27.37		84.80		12,222		0.00	%		0.49	%		0.85	%		(5.85	)%		(8.06	)%
2020		313		29.77		90.07		15,996		0.00	%		0.49	%		0.85	%		61.27	%		61.88	%

130

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Allspring VT Opportunity Fund, Class 2
2024		101	$	27.47	$	71.24	$	5,980		0.05	%		0.65	%		0.85	%		14.30	%		14.07	%
2023		112		24.03		62.45		5,630		0.00	%		0.65	%		0.85	%		25.68	%		25.43	%
2022		125		19.12		49.79		5,080		0.00	%		0.65	%		0.85	%		(20.11	)%		(21.48	)%
2021		131		23.93		63.41		6,752		0.04	%		0.49	%		0.85	%		23.72	%		22.10	%
2020		158		19.60		51.25		6,468		0.47	%		0.65	%		0.85	%		19.97	%		20.22	%
ALPS Global Opportunity Portfolio, Class I
2024		12		23.40		22.68		280		8.31	%		0.49	%		0.85	%		17.70	%		17.28	%
2023		17		19.88		19.34		331		0.00	%		0.49	%		0.85	%		28.59	%		14.15	%
2022		11		15.46		15.26		167		13.99	%		0.49	%		0.69	%		(27.57	)%		(29.97	)%
2021		10		21.35		21.79		225		5.82	%		0.49	%		0.85	%		25.97	%		21.37	%
2020		11		17.59		17.30		189		13.39	%		0.49	%		0.85	%		8.64	%		9.04	%
American Funds IS Capital World Bond Fund, Class 2
2024		40		8.76		8.70		347		2.44	%		0.49	%		0.85	%		(3.51	)%		(2.88	)%
2023		36		9.08		8.96		328		0.00	%		0.49	%		0.85	%		5.62	%		10.40	%
2022		16		8.60		8.56		136		0.18	%		0.49	%		0.65	%		(17.60	)%		(18.45	)%
2021		3		10.43		10.50		27		1.69	%		0.49	%		0.85	%		(5.16	)%		(5.95	)%
2020		3		11.09		11.07		31		2.41	%		0.49	%		0.85	%		10.66	%		10.92	%
American Funds IS Global Growth Fund, Class 1
2024		78		27.61		27.03		2,145		1.78	%		0.49	%		0.69	%		13.38	%		13.15	%
2023		81		24.35		23.89		1,956		1.11	%		0.49	%		0.69	%		22.31	%		22.06	%
2022		96		19.91		19.57		1,912		0.93	%		0.49	%		0.69	%		(23.76	)%		(26.19	)%
2021		99		26.11		26.51		2,610		0.62	%		0.49	%		0.69	%		17.69	%		14.40	%
2020		93		22.83		22.53		2,128		0.64	%		0.49	%		0.69	%		29.92	%		30.14	%

131

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
American Funds IS Global Small Capitalization Fund, Class 2
2024		19	$	13.37	$	13.15	$	246		0.89	%		0.49	%		0.85	%		1.83	%		1.46	%
2023		24		13.13		12.96		317		0.31	%		0.49	%		0.85	%		15.61	%		15.19	%
2022		19		11.36		11.25		219		0.00	%		0.49	%		0.85	%		(29.48	)%		(30.57	)%
2021		27		16.11		16.21		434		0.00	%		0.49	%		0.85	%		6.47	%		5.58	%
2020		27		15.26		15.22		412		0.00	%		0.49	%		0.85	%		52.21	%		52.58	%
American Funds IS Growth-Income Fund, Class 4
2024		357		21.09		20.59		7,458		1.02	%		0.49	%		0.85	%		23.31	%		22.87	%
2023		431		17.11		16.76		7,337		1.59	%		0.49	%		0.85	%		25.21	%		24.76	%
2022		279		13.66		13.43		3,786		1.08	%		0.49	%		0.85	%		(16.01	)%		(18.49	)%
2021		287		16.27		16.48		4,701		0.92	%		0.49	%		0.85	%		24.38	%		21.58	%
2020		405		13.38		13.25		5,401		1.39	%		0.49	%		0.85	%		12.30	%		12.71	%
American Funds IS International Fund, Class 2
2024		154		12.72		12.52		1,942		1.18	%		0.49	%		0.69	%		2.65	%		2.45	%
2023		161		12.39		12.22		1,989		1.18	%		0.49	%		0.69	%		15.28	%		15.05	%
2022		226		10.75		10.62		2,421		1.77	%		0.49	%		0.69	%		(20.43	)%		(22.06	)%
2021		224		13.50		13.63		3,052		2.61	%		0.49	%		0.69	%		(1.25	)%		(2.89	)%
2020		201		13.91		13.80		2,787		0.77	%		0.49	%		0.69	%		13.15	%		13.43	%
American Funds IS New World Fund, Class 2
2024		144		17.89		17.34		2,550		1.37	%		0.49	%		0.85	%		6.03	%		5.65	%
2023		151		16.87		16.41		2,528		1.43	%		0.49	%		0.85	%		15.43	%		15.02	%
2022		170		14.62		14.27		2,462		1.34	%		0.49	%		0.85	%		(20.88	)%		(24.32	)%
2021		170		18.47		18.85		3,182		0.79	%		0.49	%		0.85	%		6.18	%		2.30	%
2020		269		18.06		17.76		4,838		0.08	%		0.49	%		0.85	%		22.54	%		23.01	%

132

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
American Funds IS The Bond Fund of America, Class 2
2024		263	$	9.52	$	9.36	$	2,497		3.66	%		0.49	%		0.85	%		0.66	%		0.29	%
2023		325		9.45		9.33		3,073		3.77	%		0.49	%		0.85	%		4.51	%		4.13	%
2022		247		9.05		8.96		2,234		2.97	%		0.49	%		0.85	%		(12.48	)%		(13.84	)%
2021		245		10.34		10.40		2,546		1.55	%		0.49	%		0.85	%		(0.56	)%		(1.39	)%
2020		179		10.48		10.46		1,875		3.84	%		0.49	%		0.69	%		4.56	%		4.81	%
BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III
2024		51		14.69		14.55		741		2.18	%		0.49	%		0.65	%		10.81	%		10.63	%
2023		55		13.25		13.16		730		1.87	%		0.49	%		0.65	%		14.75	%		14.57	%
2022		58		11.55		11.48		665		1.78	%		0.49	%		0.65	%		(14.63	)%		(15.95	)%
2021		64		13.53		13.66		876		2.02	%		0.49	%		0.85	%		11.45	%		10.09	%
2020		44		12.29		12.26		542		1.52	%		0.49	%		0.65	%		13.61	%		13.80	%
BlackRock Global Allocation V.I. Fund, Class I
2024		453		16.30		15.89		7,288		1.30	%		0.49	%		0.85	%		8.70	%		8.30	%
2023		550		15.00		14.67		8,166		2.19	%		0.49	%		0.85	%		12.28	%		11.88	%
2022		593		13.36		13.12		7,853		0.00	%		0.49	%		0.85	%		(13.95	)%		(17.84	)%
2021		629		15.52		15.97		9,966		0.92	%		0.49	%		0.85	%		7.41	%		3.29	%
2020		626		15.03		14.86		9,351		1.34	%		0.49	%		0.85	%		19.97	%		20.42	%
BNY Mellon IP MidCap Stock Portfolio, Initial Shares
2024		95		21.11		51.43		3,118		0.83	%		0.49	%		0.85	%		12.06	%		11.66	%
2023		98		18.83		46.06		2,842		0.80	%		0.49	%		0.85	%		17.73	%		17.31	%
2022		108		16.00		39.26		2,632		0.73	%		0.49	%		0.85	%		(12.13	)%		(17.39	)%
2021		115		18.20		47.53		3,357		0.62	%		0.49	%		0.85	%		28.72	%		21.89	%
2020		119		14.94		36.92		2,797		0.87	%		0.49	%		0.85	%		7.18	%		7.60	%

133

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
BNY Mellon VIF Appreciation Portfolio, Initial Shares
2024		191	$	29.39	$	52.77	$	9,570		0.42	%		0.49	%		0.85	%		12.25	%		11.85	%
2023		218		26.18		47.18		9,799		0.72	%		0.49	%		0.85	%		20.38	%		19.95	%
2022		239		21.75		39.33		8,988		0.66	%		0.49	%		0.85	%		(16.23	)%		(21.58	)%
2021		268		25.96		50.16		12,268		0.44	%		0.49	%		0.85	%		30.59	%		23.13	%
2020		291		21.09		38.41		10,553		0.85	%		0.49	%		0.85	%		22.63	%		23.10	%
BNY Mellon VIF Growth and Income Portfolio, Initial Shares
2024		131		34.70		69.43		6,488		0.54	%		0.49	%		0.85	%		22.12	%		21.68	%
2023		147		28.41		57.06		5,901		0.65	%		0.49	%		0.85	%		26.07	%		25.62	%
2022		193		22.54		45.42		5,799		0.78	%		0.49	%		0.85	%		(12.89	)%		(15.54	)%
2021		216		25.87		53.78		7,754		0.47	%		0.49	%		0.85	%		24.57	%		21.65	%
2020		223		21.27		43.17		6,407		0.83	%		0.49	%		0.85	%		23.56	%		24.01	%
BNY Mellon VIF Opportunistic Small Cap Portfolio, Initial Shares
2024		9		29.54		32.54		267		0.70	%		0.65	%		0.85	%		3.94	%		3.73	%
2023		10		28.42		31.66		277		0.47	%		0.65	%		0.85	%		8.58	%		8.36	%
2022		21		26.17		29.21		548		0.00	%		0.65	%		0.85	%		(16.14	)%		(17.32	)%
2021		25		31.21		35.34		784		0.11	%		0.65	%		0.85	%		15.48	%		14.30	%
2020		26		27.31		30.60		722		0.70	%		0.65	%		0.85	%		18.84	%		19.13	%
ClearBridge Variable Large Cap Growth Portfolio, Class I
2024		67		24.41		23.83		1,650		0.00	%		0.49	%		0.85	%		27.26	%		26.80	%
2023		87		19.18		18.80		1,666		0.00	%		0.49	%		0.85	%		43.32	%		42.81	%
2022		41		13.38		13.16		543		0.00	%		0.49	%		0.85	%		(31.68	)%		(33.69	)%
2021		91		19.59		19.85		1,793		0.00	%		0.49	%		0.85	%		22.51	%		19.76	%
2020		90		16.36		16.20		1,444		0.02	%		0.49	%		0.85	%		29.64	%		30.14	%

134

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
ClearBridge Variable Mid Cap Portfolio, Class I
2024		18	$	18.98	$	18.65	$	337		0.61	%		0.65	%		0.85	%		9.29	%		9.07	%
2023		17		17.37		17.10		302		0.14	%		0.65	%		0.85	%		12.19	%		11.97	%
2022		16		15.65		15.27		254		0.30	%		0.49	%		0.85	%		(24.15	)%		(27.44	)%
2021		24		20.63		21.05		492		0.03	%		0.49	%		0.85	%		30.25	%		25.49	%
2020		14		16.44		16.16		232		0.31	%		0.49	%		0.85	%		14.38	%		14.78	%
ClearBridge Variable Small Cap Growth Portfolio, Class I
2024		88		20.59		19.89		1,797		0.00	%		0.49	%		0.85	%		3.99	%		3.61	%
2023		101		19.80		19.19		1,975		0.00	%		0.49	%		0.85	%		7.87	%		7.49	%
2022		105		18.36		17.86		1,914		0.00	%		0.49	%		0.85	%		(27.47	)%		(31.12	)%
2021		133		25.31		25.92		3,425		0.00	%		0.49	%		0.85	%		14.37	%		9.40	%
2020		108		23.13		22.67		2,485		0.00	%		0.49	%		0.85	%		42.02	%		42.54	%
Columbia VP Emerging Markets Fund, Class 2
2024		22		11.21		11.03		247		1.52	%		0.49	%		0.85	%		4.94	%		4.56	%
2023		51		10.69		10.55		546		0.00	%		0.49	%		0.85	%		8.66	%		8.27	%
2022		40		9.83		9.74		395		0.00	%		0.49	%		0.85	%		(33.00	)%		(34.04	)%
2021		46		14.68		14.77		676		0.67	%		0.49	%		0.85	%		(7.71	)%		(8.48	)%
2020		35		16.04		16.00		465		0.00	%		0.49	%		0.85	%		60.00	%		60.39	%
Columbia VP Large Cap Growth Fund, Class 2
2024		230		37.10		35.96		8,404		0.00	%		0.49	%		0.85	%		30.37	%		29.90	%
2023		238		28.46		27.69		6,676		0.00	%		0.49	%		0.85	%		42.07	%		41.56	%
2022		202		20.03		19.56		3,991		0.00	%		0.49	%		0.85	%		(30.46	)%		(33.48	)%
2021		226		28.81		29.40		6,573		0.00	%		0.49	%		0.85	%		29.89	%		25.14	%
2020		252		23.02		22.64		5,748		0.00	%		0.49	%		0.85	%		33.31	%		33.76	%

135

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Columbia VP Seligman Global Technology Fund, Class 2
2024		271	$	69.54	$	88.04	$	22,737		0.00	%		0.49	%		0.85	%		25.96	%		25.50	%
2023		295		55.21		70.15		19,813		0.00	%		0.49	%		0.85	%		44.16	%		43.65	%
2022		307		38.30		48.83		14,462		0.00	%		0.49	%		0.85	%		(30.31	)%		(33.88	)%
2021		345		54.95		73.86		23,848		0.28	%		0.49	%		0.85	%		40.52	%		34.28	%
2020		421		40.92		52.56		21,235		0.00	%		0.49	%		0.85	%		44.55	%		45.06	%
Columbia VP Small Cap Value Fund, Class 2
2024		44		22.74		47.91		1,796		0.53	%		0.49	%		0.85	%		8.14	%		7.75	%
2023		60		21.02		44.47		2,219		0.37	%		0.49	%		0.85	%		21.08	%		20.64	%
2022		47		17.36		36.86		1,427		0.38	%		0.49	%		0.85	%		(6.90	)%		(12.00	)%
2021		72		18.65		41.89		2,590		0.50	%		0.49	%		0.85	%		30.99	%		24.71	%
2020		73		14.96		31.98		2,118		0.34	%		0.49	%		0.85	%		7.66	%		8.06	%
Delaware VIP International Series, Standard Class
2024		-		-		-		-		1.93	%		0.49	%		0.69	%		1.80	%		1.74	%
2023		26		10.06		10.00		260		1.20	%		0.49	%		0.69	%		13.03	%		12.80	%
2022		27		8.90		8.87		238		1.66	%		0.49	%		0.69	%		(17.42	)%		(18.07	)%
2021		34		10.78		10.82		364		1.17	%		0.49	%		0.85	%		6.34	%		5.95	%
2020		49		10.18		10.18		503		3.65	%		0.49	%		0.69	%		1.78	%		1.77	%
Dimensional VA US Targeted Value Portfolio
2024		109		23.83		23.33		2,596		1.21	%		0.49	%		0.69	%		7.61	%		7.39	%
2023		117		22.15		21.73		2,584		1.53	%		0.49	%		0.69	%		19.45	%		19.21	%
2022		133		18.54		18.23		2,470		1.38	%		0.49	%		0.69	%		(3.22	)%		(6.31	)%
2021		135		19.16		19.45		2,618		1.42	%		0.49	%		0.69	%		40.84	%		36.90	%
2020		158		13.99		13.81		2,205		1.87	%		0.49	%		0.69	%		3.30	%		3.51	%

136

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
DWS Capital Growth VIP, Class A
2024		550	$	42.09	$	89.61	$	34,823		0.19	%		0.49	%		0.85	%		25.99	%		25.54	%
2023		595		33.40		71.38		29,894		0.07	%		0.49	%		0.85	%		37.90	%		37.41	%
2022		646		24.22		51.95		23,573		0.09	%		0.49	%		0.85	%		(29.16	)%		(31.32	)%
2021		717		34.20		75.64		37,814		0.21	%		0.49	%		0.85	%		21.74	%		18.88	%
2020		877		28.77		62.13		36,771		0.53	%		0.49	%		0.85	%		37.86	%		38.37	%
DWS Core Equity VIP, Class A
2024		295		33.10		60.64		15,064		0.83	%		0.49	%		0.85	%		19.49	%		19.06	%
2023		347		27.70		50.93		14,725		0.91	%		0.49	%		0.85	%		24.96	%		24.51	%
2022		310		22.17		40.90		10,806		0.80	%		0.49	%		0.85	%		(13.61	)%		(18.99	)%
2021		339		25.66		50.49		14,036		0.77	%		0.49	%		0.85	%		28.45	%		21.33	%
2020		364		21.15		39.31		12,127		1.48	%		0.49	%		0.85	%		15.14	%		15.59	%
DWS CROCI U.S. VIP, Class A
2024		181		17.41		28.47		4,999		1.47	%		0.49	%		0.85	%		17.18	%		16.76	%
2023		197		14.86		24.39		4,648		1.71	%		0.49	%		0.85	%		20.17	%		19.74	%
2022		210		12.37		20.36		4,136		1.81	%		0.49	%		0.85	%		(13.48	)%		(18.85	)%
2021		225		14.29		25.10		5,303		1.95	%		0.49	%		0.85	%		29.86	%		22.67	%
2020		276		11.65		19.33		5,205		2.59	%		0.49	%		0.85	%		(12.91	)%		(12.60	)%
DWS Global Small Cap VIP, Class A
2024		68		14.61		14.08		981		1.41	%		0.49	%		0.85	%		5.24	%		4.86	%
2023		73		13.88		13.43		998		0.88	%		0.49	%		0.85	%		23.96	%		23.51	%
2022		91		11.20		10.87		1,009		0.55	%		0.49	%		0.85	%		(22.33	)%		(26.63	)%
2021		93		14.42		14.82		1,359		0.37	%		0.49	%		0.85	%		16.97	%		11.29	%
2020		98		12.95		12.67		1,258		0.95	%		0.49	%		0.85	%		16.52	%		16.79	%

137

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
DWS Small Cap Index VIP, Class A
2024		990	$	20.88	$	53.45	$	29,121		1.16	%		0.49	%		0.85	%		10.61	%		10.21	%
2023		1,025		18.87		48.50		27,439		1.14	%		0.49	%		0.85	%		16.19	%		15.77	%
2022		1,106		16.24		41.89		26,458		0.92	%		0.49	%		0.85	%		(18.84	)%		(21.31	)%
2021		1,159		20.01		53.23		35,011		0.83	%		0.49	%		0.85	%		13.53	%		10.87	%
2020		1,234		18.05		46.89		33,005		1.22	%		0.49	%		0.85	%		18.43	%		18.84	%
DWS Small Mid Cap Growth VIP, Class A
2024		62		19.07		35.95		1,459		0.00	%		0.49	%		0.85	%		4.63	%		4.25	%
2023		67		18.23		34.49		1,498		0.03	%		0.49	%		0.85	%		18.25	%		17.83	%
2022		74		15.42		29.27		1,415		0.00	%		0.49	%		0.85	%		(26.39	)%		(28.63	)%
2021		74		20.94		41.01		1,965		0.04	%		0.49	%		0.85	%		12.88	%		10.23	%
2020		84		19.00		36.33		1,919		0.05	%		0.49	%		0.85	%		29.06	%		29.51	%
DWS Small Mid Cap Value VIP, Class A
2024		117		16.87		26.13		2,981		1.19	%		0.49	%		0.85	%		5.69	%		5.30	%
2023		129		15.96		24.82		3,149		1.18	%		0.49	%		0.85	%		14.39	%		13.98	%
2022		124		13.95		21.77		2,651		0.84	%		0.49	%		0.85	%		(13.89	)%		(19.09	)%
2021		134		16.21		26.91		3,357		1.24	%		0.49	%		0.85	%		33.51	%		26.36	%
2020		152		12.82		20.15		2,943		1.54	%		0.49	%		0.85	%		(1.64	)%		(1.27	)%
Empower Aggressive Profile Fund, Investor Class
2024		14		16.36		16.19		222		3.08	%		0.49	%		0.65	%		11.39	%		11.21	%
2023		14		14.69		14.56		204		3.19	%		0.49	%		0.65	%		16.37	%		16.19	%
2022		14		12.62		12.53		182		1.82	%		0.49	%		0.65	%		(14.46	)%		(16.21	)%
2021		5		14.76		14.95		67		5.73	%		0.49	%		0.85	%		19.42	%		17.34	%
2020		4		12.58		12.52		55		1.65	%		0.49	%		0.65	%		11.31	%		11.49	%

138

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Empower Ariel Mid Cap Value Fund, Investor Class
2024		-	$	-	$	-	$	-		2.58	%		0.49	%		0.69	%		6.23	%		6.06	%
2023		3		15.61		15.34		48		1.97	%		0.49	%		0.69	%		9.91	%		9.69	%
2022		10		14.20		13.98		140		5.39	%		0.49	%		0.69	%		(12.20	)%		(14.68	)%
2021		16		16.17		16.39		258		2.38	%		0.49	%		0.69	%		26.95	%		23.85	%
2020		11		13.06		12.91		142		2.95	%		0.49	%		0.69	%		8.31	%		8.55	%
Empower Bond Index Fund, Investor Class
2024		810		10.21		9.97		8,217		2.34	%		0.49	%		0.85	%		0.33	%		(0.03	)%
2023		796		10.18		9.97		8,057		2.01	%		0.49	%		0.85	%		4.51	%		4.13	%
2022		924		9.74		9.58		8,955		1.14	%		0.49	%		0.85	%		(12.96	)%		(15.53	)%
2021		1,382		11.19		11.34		15,624		0.80	%		0.49	%		0.85	%		(1.93	)%		(4.14	)%
2020		1,091		11.67		11.56		12,695		1.70	%		0.49	%		0.85	%		6.25	%		6.69	%
Empower Conservative Profile Fund, Investor Class
2024		278		12.40		12.11		3,412		2.92	%		0.49	%		0.85	%		4.57	%		4.19	%
2023		312		11.86		11.62		3,661		2.66	%		0.49	%		0.85	%		7.72	%		7.34	%
2022		495		11.01		10.83		5,413		1.86	%		0.49	%		0.85	%		(9.18	)%		(11.87	)%
2021		448		12.12		12.29		5,463		2.50	%		0.49	%		0.85	%		6.86	%		4.44	%
2020		450		11.61		11.50		5,212		2.44	%		0.49	%		0.85	%		7.29	%		7.68	%
Empower International Index Fund, Investor Class
2024		263		12.79		12.53		3,342		2.04	%		0.49	%		0.85	%		2.41	%		2.04	%
2023		244		12.49		12.28		3,033		2.23	%		0.49	%		0.85	%		16.94	%		16.52	%
2022		280		10.68		10.54		2,980		1.71	%		0.49	%		0.85	%		(14.34	)%		(16.27	)%
2021		342		12.47		12.59		4,295		2.11	%		0.49	%		0.85	%		10.87	%		9.15	%
2020		329		11.42		11.36		3,751		2.56	%		0.49	%		0.85	%		6.61	%		6.97	%

139

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Empower International Value Fund, Investor Class
2024		24	$	14.96	$	14.82	$	354		1.56	%		0.49	%		0.69	%		4.94	%		(3.65	)%
2023		20		14.25		14.17		291		1.50	%		0.49	%		0.65	%		17.45	%		17.27	%
2022		21		12.13		12.02		251		1.17	%		0.49	%		0.85	%		(15.09	)%		(16.40	)%
2021		20		14.29		14.37		291		3.88	%		0.49	%		0.85	%		10.40	%		9.74	%
2020		1		13.02		13.02		15		6.08	%		0.65	%		0.65	%		30.20	%		30.20	%
Empower Lifetime 2015 Fund, Investor Class
2024		4		13.30		12.37		48		1.23	%		0.49	%		0.85	%		5.90	%		0.51	%
2023		18		12.56		12.31		220		2.97	%		0.49	%		0.85	%		9.80	%		9.40	%
2022		18		11.44		11.25		201		2.07	%		0.49	%		0.85	%		(11.53	)%		(14.15	)%
2021		15		12.93		13.10		198		2.65	%		0.49	%		0.85	%		7.95	%		6.53	%
2020		1		12.14		12.14		16		1.53	%		0.49	%		0.49	%		10.44	%		10.44	%
Empower Lifetime 2020 Fund, Investor Class
2024		51		13.52		13.38		678		2.89	%		0.49	%		0.65	%		6.42	%		6.25	%
2023		51		12.70		12.59		639		2.75	%		0.49	%		0.65	%		10.43	%		10.25	%
2022		51		11.50		11.42		580		2.06	%		0.49	%		0.65	%		(12.23	)%		(14.02	)%
2021		49		13.11		13.28		649		1.07	%		0.49	%		0.85	%		9.10	%		7.21	%
2020		560		12.23		12.17		6,845		2.11	%		0.49	%		0.65	%		10.57	%		10.75	%
Empower Lifetime 2025 Fund, Investor Class
2024		41		13.86		13.71		568		2.36	%		0.49	%		0.65	%		6.80	%		6.63	%
2023		45		12.98		12.86		584		2.43	%		0.49	%		0.65	%		11.36	%		11.19	%
2022		53		11.65		11.57		614		1.66	%		0.49	%		0.65	%		(13.11	)%		(14.89	)%
2021		56		13.41		13.59		753		2.08	%		0.49	%		0.85	%		10.10	%		8.19	%
2020		79		12.40		12.34		982		2.42	%		0.49	%		0.65	%		11.51	%		11.69	%

140

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Empower Lifetime 2030 Fund, Investor Class
2024		49	$	14.27	$	14.12	$	698		2.96	%		0.49	%		0.65	%		7.53	%		7.36	%
2023		43		13.27		13.16		573		2.56	%		0.49	%		0.65	%		12.52	%		12.34	%
2022		46		11.80		11.71		542		1.85	%		0.49	%		0.65	%		(13.91	)%		(15.67	)%
2021		48		13.70		13.89		669		2.63	%		0.49	%		0.85	%		11.53	%		10.06	%
2020		23		12.45		12.45		288		2.78	%		0.65	%		0.65	%		11.87	%		11.87	%
Empower Lifetime 2035 Fund, Investor Class
2024		14		14.83		14.67		208		2.15	%		0.49	%		0.65	%		8.66	%		8.48	%
2023		14		13.65		13.52		191		2.00	%		0.49	%		0.65	%		13.84	%		13.66	%
2022		14		11.99		11.90		168		0.81	%		0.49	%		0.65	%		(14.91	)%		(16.66	)%
2021		72		14.09		14.28		1,029		2.33	%		0.49	%		0.85	%		13.39	%		11.90	%
2020		72		12.59		12.59		912		2.13	%		0.65	%		0.65	%		12.52	%		12.52	%
Empower Lifetime 2040 Fund, Investor Class
2024		2		15.15		15.15		27		2.62	%		0.65	%		0.65	%		9.47	%		9.47	%
2023		2		13.84		13.84		25		2.39	%		0.65	%		0.65	%		14.98	%		14.98	%
2022		2		12.04		12.04		21		1.69	%		0.65	%		0.65	%		(16.23	)%		(17.33	)%
2021		2		14.37		14.56		26		2.86	%		0.49	%		0.85	%		15.04	%		13.53	%
2020		2		12.66		12.66		22		2.18	%		0.65	%		0.65	%		12.91	%		12.91	%
Empower Lifetime 2045 Fund, Investor Class
2024		8		15.59		15.42		129		1.94	%		0.49	%		0.65	%		10.28	%		10.10	%
2023		8		14.14		14.01		117		1.77	%		0.49	%		0.65	%		16.16	%		15.97	%
2022		8		12.17		12.08		101		1.43	%		0.49	%		0.65	%		(16.12	)%		(17.84	)%
2021		7		14.51		14.70		101		2.53	%		0.49	%		0.85	%		15.94	%		14.42	%
2020		7		12.68		12.68		87		1.98	%		0.65	%		0.65	%		13.15	%		13.15	%

141

	As of December 31										For the period ended December 31
Subaccount	Units (000's)			Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)			Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
				Low		High								Low			High			Low			High
Empower Lifetime 2050 Fund, Investor Class
2024		5		$	15.67	$	15.67	$	74			2.47	%		0.49	%		0.49	%		10.59	%		10.59	%
2023		5			14.17		14.17		67			2.24	%		0.49	%		0.49	%		16.48	%		16.48	%
2022		5			12.16		12.16		57			1.62	%		0.49	%		0.49	%		(16.25	)%		(17.35	)%
2021		5			14.52		14.72		69			1.04	%		0.49	%		0.85	%		15.59	%		14.07	%
2020		5			12.73		12.73		60			2.22	%		0.49	%		0.49	%		13.37	%		13.37	%
Empower Lifetime 2055 Fund, Investor Class
2024		8			15.58		15.41		122			1.24	%		0.49	%		0.65	%		10.55	%		10.37	%
2023		8			14.09		13.97		111			1.24	%		0.49	%		0.65	%		16.49	%		16.30	%
2022		8			12.10		12.01		95			0.98	%		0.49	%		0.65	%		(16.44	)%		(18.15	)%
2021		8			14.48		14.67		116			2.18	%		0.49	%		0.85	%		16.02	%		14.01	%
2020		8			12.70		12.65		100			2.27	%		0.49	%		0.65	%		13.22	%		13.39	%
Empower Lifetime 2060 Fund, Investor Class
2024		5			16.11		15.96		82			2.45	%		0.65	%		0.85	%		10.18	%		9.95	%
2023		5			14.62		14.51		74			4.65	%		0.65	%		0.85	%		6.66	%		15.98	%
2022		0	*		12.51		12.51		0	*		2.01	%		0.85	%		0.85	%		(17.80	)%		(18.29	)%
2021		0	*		15.22		15.31		0	*		2.56	%		0.49	%		0.85	%		53.15	%		52.23	%
Empower Mid Cap Value Fund, Investor Class
2024		47			20.76		20.12		970			7.69	%		0.49	%		0.85	%		15.11	%		14.69	%
2023		48			18.03		17.54		854			0.48	%		0.49	%		0.85	%		14.59	%		12.32	%
2022		51			15.74		15.53		788			0.56	%		0.49	%		0.69	%		(10.38	)%		(13.35	)%
2021		52			17.56		17.92		931			49.90	%		0.49	%		0.85	%		30.75	%		26.92	%
2020		9			13.84		13.71		129			0.58	%		0.49	%		0.69	%		(1.03	)%		(0.82	)%
Empower Moderate Profile Fund, Investor Class
2024		693			14.21		13.87		9,718			3.06	%		0.49	%		0.85	%		7.42	%		7.03	%
2023		693			13.23		12.96		9,043			3.58	%		0.49	%		0.85	%		11.39	%		10.99	%
2022		696			11.88		11.68		8,200			2.16	%		0.49	%		0.85	%		(11.29	)%		(13.91	)%
2021		790			13.39		13.57		10,659			3.36	%		0.49	%		0.85	%		12.51	%		9.97	%
2020		808			12.17		12.06		9,794			1.66	%		0.49	%		0.85	%		10.32	%		10.67	%

142

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Empower Moderately Aggressive Profile Fund, Investor Class
2024		267	$	14.92	$	14.83	$	3,948		3.03	%		0.49	%		0.85	%		8.81	%		10.38	%
2023		294		13.71		13.43		4,004		2.21	%		0.49	%		0.85	%		13.05	%		12.64	%
2022		332		12.13		11.93		3,999		1.57	%		0.49	%		0.85	%		(12.36	)%		(14.96	)%
2021		323		13.84		14.02		4,511		4.59	%		0.49	%		0.85	%		14.18	%		12.20	%
2020		324		12.34		12.28		3,978		2.61	%		0.49	%		0.65	%		11.06	%		11.23	%
Empower Moderately Conservative Profile Fund, Investor Class
2024		336		13.24		12.93		4,415		2.84	%		0.49	%		0.85	%		5.93	%		5.54	%
2023		371		12.50		12.25		4,600		3.01	%		0.49	%		0.85	%		9.36	%		8.97	%
2022		448		11.43		11.24		5,085		1.71	%		0.49	%		0.85	%		(10.07	)%		(12.73	)%
2021		514		12.71		12.88		6,589		3.22	%		0.49	%		0.85	%		9.64	%		7.17	%
2020		443		11.86		11.75		5,235		1.41	%		0.49	%		0.85	%		8.65	%		9.00	%
Empower Multi-Sector Bond Fund, Investor Class
2024		541		12.73		12.34		6,814		3.59	%		0.49	%		0.85	%		4.63	%		4.25	%
2023		509		12.16		11.83		6,139		3.18	%		0.49	%		0.85	%		7.35	%		6.97	%
2022		559		11.33		11.06		6,292		2.31	%		0.49	%		0.85	%		(10.03	)%		(13.94	)%
2021		580		12.59		12.85		7,409		2.38	%		0.49	%		0.85	%		2.10	%		(1.63	)%
2020		545		12.80		12.59		6,937		3.43	%		0.49	%		0.85	%		8.15	%		8.59	%
Empower Real Estate Index Fund, Investor Class
2024		29		11.71		11.58		336		2.65	%		0.65	%		0.85	%		6.84	%		6.63	%
2023		28		10.96		10.86		311		1.47	%		0.65	%		0.85	%		12.57	%		12.35	%
2022		45		9.74		9.66		436		1.47	%		0.65	%		0.85	%		(26.49	)%		(27.41	)%
2021		99		13.24		13.31		1,319		0.51	%		0.65	%		0.85	%		43.85	%		42.61	%
2020		18		9.29		9.26		165		1.83	%		0.65	%		0.85	%		(12.34	)%		(12.14	)%

143

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Empower SecureFoundation Balanced Fund, Investor Class
2024		8,866	$	17.59	$	16.93	$	153,253		2.06	%		0.49	%		0.85	%		7.65	%		7.26	%
2023		10,209		16.34		15.78		164,185		2.12	%		0.49	%		0.85	%		12.63	%		12.23	%
2022		11,431		14.51		14.06		163,489		1.58	%		0.49	%		0.85	%		(12.57	)%		(17.52	)%
2021		12,456		16.59		17.05		209,752		2.02	%		0.49	%		0.85	%		13.23	%		7.60	%
2020		13,293		15.42		15.06		202,756		2.28	%		0.49	%		0.85	%		12.97	%		13.39	%
Empower Small Cap Value Fund, Investor Class
2024		61		17.31		17.05		1,047		0.00	%		0.49	%		0.85	%		7.68	%		7.29	%
2023		62		16.08		15.89		993		0.05	%		0.49	%		0.85	%		17.24	%		16.82	%
2022		67		13.71		13.61		916		0.05	%		0.49	%		0.85	%		(10.09	)%		(11.17	)%
2021		87		15.25		15.32		1,327		4.39	%		0.49	%		0.85	%		30.12	%		29.48	%
2020		10		11.78		11.77		116		0.00	%		0.49	%		0.85	%		17.72	%		17.80	%
Empower T. Rowe Price Mid Cap Growth Fund, Investor Class
2024		84		20.09		19.79		1,678		0.00	%		0.49	%		0.69	%		8.52	%		8.30	%
2023		103		18.52		18.27		1,884		0.00	%		0.49	%		0.69	%		19.34	%		19.10	%
2022		120		15.52		15.34		1,849		0.02	%		0.49	%		0.69	%		(21.87	)%		(24.04	)%
2021		141		19.86		20.20		2,841		0.18	%		0.49	%		0.85	%		15.11	%		12.36	%
2020		120		17.67		17.55		2,110		0.00	%		0.49	%		0.69	%		23.26	%		23.51	%
Federated Hermes Fund for U.S. Government Securities II
2024		1,294		10.09		19.04		18,744		3.65	%		0.49	%		0.85	%		0.09	%		(0.28	)%
2023		1,469		10.08		19.09		21,077		2.57	%		0.49	%		0.85	%		3.68	%		3.31	%
2022		1,870		9.73		18.48		25,923		1.86	%		0.49	%		0.85	%		(10.56	)%		(13.29	)%
2021		2,009		10.88		21.31		31,779		2.09	%		0.49	%		0.85	%		(2.87	)%		(5.15	)%
2020		2,257		11.47		21.94		36,983		2.41	%		0.49	%		0.85	%		4.33	%		4.71	%

144

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Federated Hermes Managed Volatility Fund II
2024		61	$	33.56	$	33.56	$	2,049		2.21	%		0.85	%		0.85	%		14.57	%		14.57	%
2023		63		29.29		29.29		1,864		1.93	%		0.85	%		0.85	%		7.76	%		7.76	%
2022		70		27.18		27.18		1,910		1.87	%		0.85	%		0.85	%		(14.48	)%		(14.48	)%
2021		72		31.78		31.78		2,275		1.83	%		0.85	%		0.85	%		17.51	%		17.51	%
2020		77		27.05		27.05		2,086		2.77	%		0.85	%		0.85	%		0.09	%		0.09	%
Franklin Small Cap Value VIP Fund, Class 2
2024		162		20.81		32.42		4,190		0.92	%		0.49	%		0.85	%		11.16	%		10.75	%
2023		175		18.72		29.27		4,171		0.52	%		0.49	%		0.85	%		12.20	%		11.79	%
2022		175		16.68		26.18		3,788		1.00	%		0.49	%		0.85	%		(8.02	)%		(13.58	)%
2021		158		18.14		30.30		3,870		1.03	%		0.49	%		0.85	%		28.26	%		21.38	%
2020		241		14.94		23.62		4,529		1.73	%		0.49	%		0.85	%		4.28	%		4.64	%
Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares
2024		5		12.14		11.93		59		2.76	%		0.49	%		0.69	%		2.78	%		2.57	%
2023		5		11.81		11.63		58		6.66	%		0.49	%		0.69	%		7.24	%		7.03	%
2022		5		11.01		10.87		54		3.12	%		0.49	%		0.69	%		(5.07	)%		(8.22	)%
2021		7		11.60		11.84		80		1.50	%		0.49	%		0.85	%		5.30	%		2.21	%
2020		7		11.35		11.24		77		1.14	%		0.49	%		0.69	%		5.96	%		6.16	%
Invesco Oppenheimer V.I. International Growth Fund, Series I
2024		418		13.20		27.62		9,675		0.64	%		0.49	%		0.85	%		(2.15	)%		(2.51	)%
2023		476		13.49		28.33		11,001		0.58	%		0.49	%		0.85	%		20.47	%		20.04	%
2022		546		11.20		23.60		10,664		0.00	%		0.49	%		0.85	%		(25.48	)%		(30.12	)%
2021		577		15.03		33.77		15,361		0.00	%		0.49	%		0.85	%		12.99	%		6.72	%
2020		657		14.08		29.88		15,561		1.01	%		0.49	%		0.85	%		20.50	%		20.95	%

145

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Invesco V.I. Comstock Fund, Series I
2024		184	$	24.74	$	42.57	$	6,669		1.75	%		0.49	%		0.85	%		14.61	%		14.20	%
2023		210		21.59		37.28		6,766		1.74	%		0.49	%		0.85	%		11.81	%		11.41	%
2022		271		19.31		33.46		7,611		1.88	%		0.49	%		0.85	%		3.42	%		(3.02	)%
2021		191		18.67		34.50		5,738		1.80	%		0.49	%		0.85	%		36.71	%		29.13	%
2020		212		14.46		25.24		5,039		2.56	%		0.49	%		0.85	%		(1.69	)%		(1.30	)%
Invesco V.I. Core Equity Fund, Series I
2024		62		68.89		68.89		4,323		0.71	%		0.85	%		0.85	%		24.54	%		24.54	%
2023		64		55.31		55.31		3,533		0.74	%		0.85	%		0.85	%		22.32	%		22.32	%
2022		66		45.22		45.22		3,015		0.92	%		0.85	%		0.85	%		(21.22	)%		(21.22	)%
2021		68		57.40		57.40		3,921		0.66	%		0.85	%		0.85	%		26.66	%		26.66	%
2020		72		45.32		45.32		3,283		1.40	%		0.85	%		0.85	%		12.90	%		12.90	%
Invesco V.I. EQV International Equity Fund, Series I
2024		564		13.99		19.60		10,499		1.68	%		0.49	%		0.85	%		0.12	%		(0.24	)%
2023		645		13.97		19.65		11,950		0.19	%		0.49	%		0.85	%		17.57	%		17.15	%
2022		723		11.88		16.77		11,312		1.71	%		0.49	%		0.85	%		(16.45	)%		(21.50	)%
2021		762		14.22		21.37		14,696		1.25	%		0.49	%		0.85	%		8.34	%		2.53	%
2020		796		13.87		19.72		14,640		2.47	%		0.49	%		0.85	%		13.01	%		13.42	%
Invesco V.I. Global Fund, Series I
2024		625		24.10		66.27		32,029		0.00	%		0.49	%		0.85	%		15.50	%		15.08	%
2023		692		20.86		57.59		30,516		0.22	%		0.49	%		0.85	%		34.08	%		33.60	%
2022		746		15.56		43.10		24,757		0.00	%		0.49	%		0.85	%		(30.22	)%		(32.34	)%
2021		778		22.30		63.71		38,708		0.00	%		0.49	%		0.85	%		14.51	%		11.83	%
2020		838		19.94		55.64		36,420		0.75	%		0.49	%		0.85	%		26.56	%		27.00	%

146

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Invesco V.I. Growth and Income Fund, Series I
2024		237	$	23.45	$	41.12	$	9,433		1.47	%		0.49	%		0.85	%		15.43	%		15.01	%
2023		255		20.32		35.75		8,735		1.56	%		0.49	%		0.85	%		12.11	%		11.71	%
2022		279		18.12		32.00		8,600		1.65	%		0.49	%		0.85	%		(3.61	)%		(9.59	)%
2021		293		18.80		35.40		9,622		1.50	%		0.49	%		0.85	%		31.71	%		24.43	%
2020		340		15.11		26.88		8,758		2.29	%		0.49	%		0.85	%		1.23	%		1.62	%
Invesco V.I. High Yield Fund, Series I
2024		170		13.50		30.36		3,832		5.42	%		0.49	%		0.85	%		7.20	%		6.81	%
2023		209		12.59		28.43		4,138		5.08	%		0.49	%		0.85	%		9.64	%		9.25	%
2022		199		11.48		26.02		3,793		4.60	%		0.49	%		0.85	%		(7.50	)%		(10.32	)%
2021		212		12.42		29.01		4,443		4.88	%		0.49	%		0.85	%		3.50	%		1.07	%
2020		206		12.28		28.03		4,078		5.03	%		0.49	%		0.85	%		2.46	%		2.79	%
Invesco V.I. Main Street Mid Cap Fund
2024		50		38.86		37.66		1,849		0.39	%		0.65	%		0.85	%		16.30	%		16.07	%
2023		43		33.41		32.45		1,358		0.27	%		0.65	%		0.85	%		13.73	%		13.50	%
2022		50		29.38		28.59		1,414		0.35	%		0.65	%		0.85	%		66.98	%		(17.11	)%
2021		61		17.59		34.49		2,039		0.45	%		0.49	%		0.85	%		25.34	%		(37.54	)%
2020		62		28.17		27.52		1,696		0.68	%		0.65	%		0.85	%		8.34	%		8.55	%
Invesco V.I. Main Street Small Cap Fund
2024		141		24.67		24.05		3,444		0.00	%		0.49	%		0.85	%		12.13	%		11.73	%
2023		94		22.00		21.52		2,045		1.08	%		0.49	%		0.85	%		17.55	%		17.13	%
2022		113		18.72		18.38		2,095		0.54	%		0.49	%		0.85	%		(13.92	)%		(17.81	)%
2021		110		21.75		22.36		2,442		0.33	%		0.49	%		0.85	%		23.39	%		18.67	%
2020		130		18.32		18.12		2,364		0.72	%		0.49	%		0.85	%		18.91	%		19.38	%

147

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Invesco V.I. Small Cap Equity Fund, Series I
2024		74	$	21.85	$	47.80	$	2,539		0.13	%		0.49	%		0.85	%		17.51	%		17.09	%
2023		76		18.59		40.82		2,232		0.00	%		0.49	%		0.85	%		16.01	%		15.59	%
2022		81		16.03		35.32		2,059		0.00	%		0.49	%		0.85	%		(18.71	)%		(23.15	)%
2021		100		19.72		45.96		3,131		0.17	%		0.49	%		0.85	%		22.45	%		16.59	%
2020		109		16.91		37.53		2,892		0.38	%		0.49	%		0.85	%		26.16	%		26.58	%
Invesco V.I. Technology Fund, Series I
2024		226		38.96		76.93		5,439		0.00	%		0.49	%		0.85	%		33.61	%		33.13	%
2023		230		29.16		57.78		4,039		0.00	%		0.49	%		0.85	%		46.23	%		45.70	%
2022		238		19.94		39.66		2,817		0.00	%		0.49	%		0.85	%		58.83	%		(40.46	)%
2021		262		12.55		66.61		5,552		0.00	%		0.49	%		0.85	%		13.44	%		(57.16	)%
2020		280		29.31		58.71		5,358		0.00	%		0.49	%		0.85	%		44.90	%		45.38	%
Janus Henderson Balanced Fund, Class I
2024		488		22.75		50.82		15,157		2.07	%		0.49	%		0.85	%		14.86	%		14.44	%
2023		591		19.80		44.41		15,823		2.09	%		0.49	%		0.85	%		14.85	%		14.44	%
2022		640		17.24		38.81		14,918		1.23	%		0.49	%		0.85	%		(15.54	)%		(18.85	)%
2021		692		20.41		47.82		19,497		0.90	%		0.49	%		0.85	%		18.71	%		14.86	%
2020		761		17.77		40.29		17,874		2.62	%		0.49	%		0.85	%		13.35	%		13.78	%
Janus Henderson Flexible Bond Portfolio
2024		902		11.25		23.62		13,105		4.85	%		0.49	%		0.85	%		1.46	%		1.09	%
2023		967		11.09		23.37		13,790		4.30	%		0.49	%		0.85	%		4.99	%		4.61	%
2022		949		10.56		22.34		13,244		2.41	%		0.49	%		0.85	%		(12.77	)%		(14.39	)%
2021		1,155		12.10		26.09		18,450		1.99	%		0.49	%		0.85	%		(1.74	)%		(2.87	)%
2020		1,474		12.46		26.55		23,682		3.07	%		0.49	%		0.85	%		9.54	%		9.99	%

148

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Janus Henderson Flexible Bond Portfolio, Service Shares
2024		1,844	$	10.77	$	15.93	$	29,113		4.09	%		0.65	%		0.85	%		0.96	%		0.76	%
2023		2,077		10.66		15.81		32,361		3.65	%		0.65	%		0.85	%		4.61	%		4.40	%
2022		2,105		10.19		15.14		31,510		1.98	%		0.65	%		0.85	%		(13.15	)%		(17.10	)%
2021		2,316		11.74		18.26		40,373		1.62	%		0.65	%		0.85	%		0.97	%		(3.23	)%
2020		2,414		12.13		18.09		43,045		2.60	%		0.65	%		0.85	%		9.35	%		9.58	%
Janus Henderson Global Research Fund, Class I
2024		482		26.77		63.50		18,260		0.77	%		0.49	%		0.85	%		22.98	%		22.53	%
2023		461		21.77		51.82		14,505		0.92	%		0.49	%		0.85	%		26.16	%		25.71	%
2022		502		17.26		41.23		12,686		1.04	%		0.49	%		0.85	%		(17.58	)%		(20.09	)%
2021		533		20.94		51.59		16,764		0.52	%		0.49	%		0.85	%		17.09	%		14.34	%
2020		545		18.31		44.06		14,815		0.89	%		0.49	%		0.85	%		19.05	%		19.45	%
Janus Henderson Overseas Fund, Class S
2024		100		14.18		14.18		1,460		1.29	%		0.85	%		0.85	%		4.68	%		4.68	%
2023		104		13.55		13.55		1,438		1.34	%		0.85	%		0.85	%		9.65	%		9.65	%
2022		121		12.36		12.36		1,529		1.68	%		0.85	%		0.85	%		(9.61	)%		(9.61	)%
2021		131		13.67		13.67		1,819		1.07	%		0.85	%		0.85	%		12.33	%		12.33	%
2020		140		12.17		12.17		1,720		1.51	%		0.85	%		0.85	%		15.03	%		15.03	%
Janus Henderson Overseas Portfolio, Institutional Shares
2024		76		38.07		38.07		2,909		1.36	%		0.85	%		0.85	%		4.94	%		4.94	%
2023		82		36.28		36.28		3,006		1.52	%		0.85	%		0.85	%		9.94	%		9.94	%
2022		87		33.00		33.00		2,908		1.75	%		0.85	%		0.85	%		(9.38	)%		(9.38	)%
2021		95		36.42		36.42		3,494		1.14	%		0.85	%		0.85	%		12.62	%		12.62	%
2020		106		32.33		32.33		3,432		1.47	%		0.85	%		0.85	%		15.32	%		15.32	%

149

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Janus Henderson Research Portfolio, Institutional Shares
2024		122	$	101.98	$	101.98	$	12,557		0.03	%		0.85	%		0.85	%		34.16	%		34.16	%
2023		131		76.01		76.01		10,023		0.14	%		0.85	%		0.85	%		41.96	%		41.96	%
2022		140		53.54		53.54		7,574		0.16	%		0.85	%		0.85	%		(30.48	)%		(30.48	)%
2021		147		77.02		77.02		11,410		0.10	%		0.85	%		0.85	%		19.31	%		19.31	%
2020		156		64.55		64.55		10,102		0.59	%		0.85	%		0.85	%		31.82	%		31.82	%
Janus Henderson VIT Balanced Portfolio, Service Shares
2024		5,094		21.78		34.30		135,141		1.74	%		0.65	%		0.85	%		14.40	%		14.17	%
2023		5,523		19.04		30.04		127,207		1.78	%		0.65	%		0.85	%		14.39	%		14.16	%
2022		5,900		16.65		26.32		118,841		0.96	%		0.65	%		0.85	%		(15.89	)%		(19.71	)%
2021		6,467		19.79		32.78		157,249		0.66	%		0.65	%		0.85	%		19.37	%		14.40	%
2020		7,051		17.30		27.46		147,185		2.27	%		0.65	%		0.85	%		13.07	%		13.29	%
Janus Henderson VIT Global Technology and Innovation Portfolio, Institutional Shares
2024		29		60.14		58.88		1,727		0.00	%		0.49	%		0.69	%		31.45	%		31.19	%
2023		32		45.75		44.88		1,433		0.00	%		0.49	%		0.69	%		53.79	%		53.49	%
2022		40		29.75		29.24		1,193		0.00	%		0.49	%		0.69	%		(36.30	)%		(38.33	)%
2021		42		46.70		47.42		1,958		0.20	%		0.49	%		0.69	%		18.99	%		15.67	%
2020		41		40.37		39.85		1,634		0.00	%		0.49	%		0.69	%		50.14	%		50.48	%
Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares
2024		316		57.66		58.42		18,504		0.00	%		0.65	%		0.85	%		30.90	%		30.64	%
2023		353		44.05		44.72		15,764		0.00	%		0.65	%		0.85	%		53.28	%		52.98	%
2022		349		28.74		29.23		10,158		0.00	%		0.65	%		0.85	%		(36.58	)%		(38.60	)%
2021		450		45.31		47.61		20,984		0.11	%		0.65	%		0.85	%		18.55	%		15.22	%
2020		442		39.32		40.16		17,657		0.00	%		0.65	%		0.85	%		49.47	%		49.74	%

150

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Lazard Retirement Emerging Markets Equity Portfolio
2024		646	$	11.72	$	20.55	$	11,355		3.31	%		0.49	%		0.85	%		6.91	%		6.52	%
2023		680		10.96		19.29		11,064		4.77	%		0.49	%		0.85	%		21.68	%		21.24	%
2022		747		9.01		15.91		10,119		3.31	%		0.49	%		0.85	%		(13.19	)%		(17.94	)%
2021		794		10.38		19.39		12,637		1.81	%		0.49	%		0.85	%		7.26	%		2.12	%
2020		869		10.16		18.08		13,337		2.85	%		0.49	%		0.85	%		(2.12	)%		(1.75	)%
Lord Abbett Series Fund Short Duration Income Portfolio
2024		188		10.93		10.74		2,045		4.42	%		0.49	%		0.85	%		4.62	%		4.24	%
2023		303		10.44		10.31		3,154		5.30	%		0.49	%		0.85	%		4.54	%		4.16	%
2022		240		9.99		9.90		2,394		2.49	%		0.49	%		0.85	%		(4.95	)%		(6.43	)%
2021		303		10.51		10.57		3,200		2.87	%		0.49	%		0.85	%		0.27	%		(0.47	)%
2020		149		10.56		10.55		1,569		8.28	%		0.49	%		0.69	%		5.46	%		5.61	%
LVIP American Century Balanced Fund, Standard Class II
2024		1,127		19.22		36.30		27,485		1.99	%		0.49	%		0.85	%		11.51	%		11.11	%
2023		1,321		17.23		32.67		29,019		1.93	%		0.49	%		0.85	%		15.84	%		15.43	%
2022		1,466		14.88		28.31		28,057		1.20	%		0.49	%		0.85	%		(15.39	)%		(19.67	)%
2021		1,572		17.58		35.23		36,539		0.72	%		0.49	%		0.85	%		17.22	%		12.10	%
2020		1,635		15.69		30.06		33,491		1.26	%		0.49	%		0.85	%		11.58	%		11.96	%
LVIP American Century Disciplined Core Value Fund, Standard Class II
2024		303		22.50		46.33		10,177		1.32	%		0.49	%		0.85	%		12.54	%		12.13	%
2023		318		19.99		41.32		9,541		1.54	%		0.49	%		0.85	%		8.12	%		7.74	%
2022		368		18.49		38.36		10,138		1.79	%		0.49	%		0.85	%		(10.75	)%		(13.47	)%
2021		347		20.72		44.33		11,114		1.08	%		0.49	%		0.85	%		22.60	%		19.73	%
2020		378		17.30		36.15		9,954		2.20	%		0.49	%		0.85	%		10.87	%		11.27	%

151

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
LVIP American Century International Fund, Standard Class II
2024		314	$	14.40	$	35.80	$	6,811		1.69	%		0.49	%		0.85	%		2.10	%		1.73	%
2023		316		14.10		35.19		6,733		1.40	%		0.49	%		0.85	%		12.02	%		11.62	%
2022		363		12.59		31.53		6,766		1.50	%		0.49	%		0.85	%		(23.05	)%		(25.39	)%
2021		371		16.36		42.26		9,324		0.16	%		0.49	%		0.85	%		7.83	%		5.30	%
2020		412		15.53		39.19		9,356		0.50	%		0.49	%		0.85	%		24.81	%		25.28	%
LVIP American Century Mid Cap Value Fund, Service Class
2024		272		22.21		50.91		10,859		2.37	%		0.49	%		0.85	%		7.99	%		7.60	%
2023		302		20.57		47.32		11,156		2.15	%		0.49	%		0.85	%		5.51	%		5.13	%
2022		325		19.49		45.01		11,310		2.10	%		0.49	%		0.85	%		0.85	%		(4.66	)%
2021		299		19.33		47.21		10,919		1.00	%		0.49	%		0.85	%		25.10	%		19.11	%
2020		331		16.23		37.73		9,984		1.77	%		0.49	%		0.85	%		0.25	%		0.61	%
LVIP American Century Value Fund, Standard Class II
2024		483		22.33		49.42		19,381		2.76	%		0.49	%		0.85	%		8.94	%		8.55	%
2023		602		20.49		45.52		22,265		2.37	%		0.49	%		0.85	%		8.57	%		8.18	%
2022		668		18.88		42.08		22,770		2.05	%		0.49	%		0.85	%		2.82	%		(3.09	)%
2021		787		18.36		43.43		26,261		1.75	%		0.49	%		0.85	%		27.01	%		20.56	%
2020		759		15.23		34.19		21,654		2.46	%		0.49	%		0.85	%		0.12	%		0.51	%
LVIP Baron Growth Opportunities Fund, Service Class
2024		303		25.07		82.40		19,463		0.23	%		0.49	%		0.85	%		4.92	%		4.55	%
2023		328		23.89		78.82		19,844		0.00	%		0.49	%		0.85	%		17.23	%		16.81	%
2022		353		20.38		67.48		18,522		0.00	%		0.49	%		0.85	%		(24.14	)%		(26.46	)%
2021		425		26.86		91.75		30,659		0.00	%		0.49	%		0.85	%		17.71	%		14.95	%
2020		465		23.37		77.94		28,474		0.00	%		0.49	%		0.85	%		32.94	%		33.39	%

152

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
LVIP JPMorgan Core Bond Fund, Standard Class
2024		124	$	9.46	$	9.37	$	1,169		5.35	%		0.49	%		0.69	%		1.22	%		1.02	%
2023		100		9.34		9.27		933		3.58	%		0.49	%		0.69	%		5.39	%		5.18	%
2022		38		8.86		8.82		337		1.89	%		0.49	%		0.69	%		(14.60	)%		(13.47	)%
2021		62		10.38		10.19		631		1.87	%		0.49	%		0.85	%		(1.71	)%		0.00	%
2020		36		10.38		10.37		378		0.00	%		0.49	%		0.69	%		3.66	%		3.80	%
LVIP JPMorgan Small Cap Core Fund, Standard Class
2024		99		20.96		55.74		2,992		0.75	%		0.49	%		0.85	%		11.16	%		10.76	%
2023		112		18.85		50.32		3,035		1.42	%		0.49	%		0.85	%		12.55	%		12.15	%
2022		101		16.75		44.87		2,587		0.45	%		0.49	%		0.85	%		(17.51	)%		(20.03	)%
2021		110		20.31		56.12		3,588		0.58	%		0.49	%		0.85	%		20.36	%		17.52	%
2020		112		17.28		46.62		3,038		1.10	%		0.49	%		0.85	%		12.73	%		13.10	%
LVIP Macquarie SMID Cap Core Fund, Standard Class
2024		159		26.30		62.81		7,334		0.59	%		0.49	%		0.85	%		14.17	%		13.75	%
2023		172		23.03		55.22		6,998		1.07	%		0.49	%		0.85	%		15.88	%		15.47	%
2022		202		19.88		47.82		6,966		0.43	%		0.49	%		0.85	%		(11.77	)%		(17.26	)%
2021		228		22.53		57.80		9,405		0.93	%		0.49	%		0.85	%		26.27	%		19.26	%
2020		334		18.89		45.77		10,381		0.55	%		0.49	%		0.85	%		10.14	%		10.52	%
LVIP Macquarie Value Fund, Standard Class
2024		66		16.44		15.99		1,071		1.94	%		0.49	%		0.85	%		6.66	%		6.27	%
2023		68		15.42		15.05		1,046		1.68	%		0.49	%		0.85	%		2.99	%		2.62	%
2022		75		14.97		14.80		1,124		1.64	%		0.49	%		0.69	%		(2.84	)%		(4.83	)%
2021		101		15.41		15.55		1,564		6.30	%		0.49	%		0.69	%		23.44	%		20.69	%
2020		82		12.77		12.60		1,043		2.39	%		0.49	%		0.85	%		(0.41	)%		(0.11	)%

153

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Macquarie VIP Emerging Markets Series, Standard Class
2024		257	$	12.64	$	12.75	$	3,265		2.73	%		0.49	%		0.85	%		4.57	%		4.20	%
2023		296		12.08		12.23		3,608		1.67	%		0.49	%		0.85	%		13.24	%		12.83	%
2022		355		10.67		10.84		3,788		4.29	%		0.49	%		0.85	%		(25.94	)%		(29.29	)%
2021		368		14.41		15.33		5,439		0.33	%		0.49	%		0.85	%		(2.17	)%		(5.92	)%
2020		359		15.32		15.67		5,469		0.80	%		0.49	%		0.85	%		23.99	%		24.52	%
Macquarie VIP International Core Equity Series, Service Class
2024		109		13.17		12.72		1,422		1.26	%		0.49	%		0.85	%		3.28	%		2.91	%
2023		124		12.75		12.36		1,578		1.58	%		0.49	%		0.85	%		15.06	%		14.65	%
2022		142		11.08		10.78		1,568		2.29	%		0.49	%		0.85	%		(12.65	)%		(17.04	)%
2021		148		12.69		12.99		1,916		1.08	%		0.49	%		0.85	%		15.96	%		10.92	%
2020		174		11.44		11.21		1,984		2.63	%		0.49	%		0.85	%		6.32	%		6.69	%
Macquarie VIP International Core Equity Series, Standard Class
2024		21		10.04		10.03		214		1.43	%		0.49	%		0.69	%		0.40	%		0.26	%
Macquarie VIP Small Cap Value Series, Standard Class
2024		343		20.36		60.37		19,143		1.36	%		0.49	%		0.85	%		10.77	%		10.37	%
2023		380		18.38		54.69		19,030		0.96	%		0.49	%		0.85	%		8.91	%		8.52	%
2022		407		16.87		50.40		18,830		0.84	%		0.49	%		0.85	%		(10.09	)%		(26.44	)%
2021		475		18.77		68.52		23,786		0.85	%		0.49	%		0.85	%		57.94	%		30.16	%
2020		506		14.42		43.38		19,148		1.50	%		0.49	%		0.85	%		(2.73	)%		(2.38	)%
MFS Blended Research Small Cap Equity Portfolio, Initial Class
2024		19		13.82		13.54		262		0.90	%		0.49	%		0.85	%		4.43	%		4.06	%
2023		21		13.23		13.01		282		0.76	%		0.49	%		0.85	%		18.38	%		17.95	%
2022		14		11.18		11.03		152		0.75	%		0.49	%		0.85	%		(17.99	)%		(19.84	)%
2021		15		13.63		13.76		202		0.93	%		0.49	%		0.85	%		29.44	%		27.77	%
2020		10		10.67		10.63		110		1.04	%		0.49	%		0.69	%		1.52	%		1.73	%

154

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
MFS Core Equity Portfolio, Service Class
2024		7	$	19.26	$	19.11	$	140		0.48	%		0.49	%		0.65	%		19.28	%		19.09	%
2023		4		16.14		16.05		70		0.32	%		0.49	%		0.65	%		5.04	%		22.00	%
2022		4		13.16		13.16		51		0.09	%		0.65	%		0.65	%		(17.74	)%		(18.24	)%
2021		4		15.99		16.09		65		0.32	%		0.49	%		0.85	%		24.58	%		23.83	%
2020		4		12.92		12.92		52		0.00	%		0.65	%		0.65	%		29.15	%		29.15	%
MFS International Growth Portfolio, Initial Class
2024		125		14.31		13.92		1,781		0.95	%		0.49	%		0.85	%		8.47	%		7.24	%
2023		134		13.20		12.98		1,755		1.08	%		0.49	%		0.85	%		14.16	%		13.75	%
2022		125		11.56		11.41		1,441		0.62	%		0.49	%		0.85	%		(14.55	)%		(16.48	)%
2021		91		13.53		13.66		1,238		0.56	%		0.49	%		0.85	%		9.39	%		7.69	%
2020		74		12.56		12.49		932		2.18	%		0.49	%		0.85	%		14.87	%		15.24	%
MFS International Intrinsic Value Portfolio, Service Class
2024		1,177		18.50		37.18		33,240		1.11	%		0.49	%		0.85	%		6.44	%		6.06	%
2023		1,321		17.38		35.05		35,199		0.47	%		0.49	%		0.85	%		16.80	%		16.38	%
2022		1,406		14.88		30.12		31,926		0.49	%		0.49	%		0.85	%		(22.02	)%		(26.29	)%
2021		1,566		19.09		40.86		46,747		0.14	%		0.49	%		0.85	%		12.15	%		6.78	%
2020		1,638		17.87		36.44		44,955		0.85	%		0.49	%		0.85	%		19.19	%		19.64	%
MFS Mid Cap Value Portfolio, Initial Class
2024		35		19.54		17.81		687		1.20	%		0.49	%		0.85	%		13.19	%		5.66	%
2023		54		17.27		16.86		922		1.78	%		0.49	%		0.85	%		12.18	%		11.77	%
2022		71		15.39		15.08		1,081		0.98	%		0.49	%		0.85	%		(7.69	)%		(11.07	)%
2021		68		16.67		16.96		1,153		0.82	%		0.49	%		0.85	%		32.09	%		28.17	%
2020		51		13.01		12.84		654		1.38	%		0.49	%		0.85	%		2.95	%		3.33	%

155

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
MFS Utilities Series, Service Class
2024		232	$	17.17	$	24.32	$	5,312		2.05	%		0.49	%		0.85	%		10.80	%		10.40	%
2023		286		15.49		22.03		5,834		2.88	%		0.49	%		0.85	%		(2.81	)%		(3.16	)%
2022		382		15.94		22.74		8,214		2.34	%		0.49	%		0.85	%		2.78	%		(3.05	)%
2021		319		15.51		23.46		6,738		1.55	%		0.49	%		0.85	%		15.98	%		10.19	%
2020		354		14.08		20.23		6,653		2.26	%		0.49	%		0.85	%		4.74	%		5.13	%
Morgan Stanley VIF U.S. Real Estate Portfolio, Class I
2024		-		-		-		-		9.31	%		0.85	%		0.85	%		14.53	%		14.53	%
2023		51		51.16		51.16		2,659		2.26	%		0.85	%		0.85	%		13.55	%		13.55	%
2022		59		45.05		45.05		2,699		1.22	%		0.85	%		0.85	%		(27.67	)%		(27.67	)%
2021		65		62.29		62.29		4,140		2.00	%		0.85	%		0.85	%		38.62	%		38.62	%
2020		80		44.94		44.94		3,652		2.95	%		0.85	%		0.85	%		(17.56	)%		(17.56	)%
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio, Class S
2024		28		17.43		25.45		647		0.27	%		0.49	%		0.85	%		8.13	%		7.74	%
2023		29		16.12		23.62		641		0.50	%		0.49	%		0.85	%		10.15	%		9.75	%
2022		34		14.64		21.52		661		0.15	%		0.49	%		0.85	%		(7.90	)%		(13.44	)%
2021		34		15.89		24.86		735		0.26	%		0.49	%		0.85	%		35.54	%		28.31	%
2020		34		12.39		18.34		566		0.77	%		0.49	%		0.85	%		(3.66	)%		(3.31	)%
Neuberger Berman AMT Sustainable Equity Portfolio, Class S
2024		34		26.89		26.89		909		0.00	%		0.49	%		0.49	%		24.90	%		24.90	%
2023		34		21.53		21.53		728		0.07	%		0.49	%		0.49	%		25.95	%		25.95	%
2022		42		17.09		17.09		714		0.12	%		0.49	%		0.49	%		(17.96	)%		(19.05	)%
2021		42		20.84		21.12		883		0.18	%		0.49	%		0.69	%		22.56	%		20.94	%
2020		42		17.23		17.23		720		0.41	%		0.49	%		0.49	%		18.66	%		18.66	%

156

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
NVIT Mid Cap Index Fund, Class II
2024		497	$	23.85	$	65.64	$	22,754		0.88	%		0.49	%		0.85	%		12.69	%		12.28	%
2023		513		21.16		58.46		20,730		1.08	%		0.49	%		0.85	%		15.25	%		14.84	%
2022		532		18.36		50.91		18,965		1.00	%		0.49	%		0.85	%		(11.59	)%		(16.27	)%
2021		565		20.77		60.80		23,139		1.11	%		0.49	%		0.85	%		25.87	%		20.07	%
2020		612		17.30		48.30		20,309		1.06	%		0.49	%		0.85	%		11.89	%		12.25	%
PIMCO Commodity RealReturn Strategy Portfolio, Admin Class
2024		308		8.32		8.01		2,518		2.20	%		0.49	%		0.85	%		3.65	%		3.27	%
2023		327		8.03		7.76		2,575		17.51	%		0.49	%		0.85	%		(8.30	)%		(8.63	)%
2022		416		8.76		8.49		3,588		22.01	%		0.49	%		0.85	%		11.32	%		4.79	%
2021		306		7.87		8.10		2,443		4.59	%		0.49	%		0.85	%		35.88	%		28.83	%
2020		205		6.11		5.96		1,241		6.88	%		0.49	%		0.85	%		0.73	%		0.94	%
PIMCO Emerging Markets Bond Portfolio, Admin Class
2024		59		11.44		11.14		668		6.46	%		0.49	%		0.85	%		7.00	%		6.62	%
2023		66		10.70		10.44		708		5.71	%		0.49	%		0.85	%		10.57	%		10.17	%
2022		71		9.67		9.48		683		4.82	%		0.49	%		0.85	%		(14.73	)%		(17.79	)%
2021		66		11.34		11.53		760		4.48	%		0.49	%		0.85	%		(2.32	)%		(4.63	)%
2020		69		11.89		11.81		791		5.03	%		0.49	%		0.69	%		5.98	%		6.19	%
PIMCO High Yield Portfolio, Admin Class
2024		903		14.66		28.73		22,861		5.84	%		0.49	%		0.85	%		6.36	%		5.98	%
2023		969		13.79		27.11		22,879		5.67	%		0.49	%		0.85	%		11.67	%		11.27	%
2022		1,196		12.34		24.36		25,371		5.03	%		0.49	%		0.85	%		(8.23	)%		(29.86	)%
2021		1,764		13.45		34.73		37,942		4.45	%		0.49	%		0.85	%		30.32	%		0.32	%
2020		1,630		13.41		26.65		34,247		5.28	%		0.49	%		0.85	%		4.84	%		5.24	%

157

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
PIMCO Low Duration Portfolio, Admin Class
2024		4,452	$	10.75	$	13.91	$	58,352		3.99	%		0.49	%		0.85	%		3.98	%		3.61	%
2023		4,639		10.33		13.42		58,442		3.60	%		0.49	%		0.85	%		4.46	%		4.09	%
2022		5,090		9.89		12.89		61,148		1.65	%		0.49	%		0.85	%		(3.60	)%		(9.57	)%
2021		5,897		10.26		14.26		75,872		0.52	%		0.49	%		0.85	%		1.53	%		(4.07	)%
2020		5,946		10.70		14.04		78,240		1.31	%		0.49	%		0.85	%		2.14	%		2.48	%
PIMCO Real Return Portfolio, Admin Class
2024		269		11.40		11.29		3,053		2.58	%		0.49	%		0.85	%		1.63	%		1.26	%
2023		264		11.22		11.15		2,954		3.00	%		0.49	%		0.85	%		3.16	%		2.79	%
2022		284		10.88		10.84		3,078		6.28	%		0.49	%		0.85	%		(11.00	)%		(13.61	)%
2021		306		12.22		12.55		3,794		4.97	%		0.49	%		0.85	%		5.86	%		3.49	%
2020		296		11.81		11.86		3,516		1.60	%		0.49	%		0.85	%		10.73	%		11.19	%
PIMCO Total Return Portfolio, Admin Class
2024		7,530		11.18		16.89		109,419		4.04	%		0.49	%		0.85	%		2.03	%		1.66	%
2023		7,602		10.96		16.61		108,412		3.56	%		0.49	%		0.85	%		5.42	%		5.04	%
2022		7,843		10.39		15.81		106,703		2.60	%		0.49	%		0.85	%		(12.35	)%		(17.80	)%
2021		8,818		11.86		19.24		139,410		1.82	%		0.49	%		0.85	%		1.21	%		(4.40	)%
2020		9,223		12.41		19.01		149,444		2.31	%		0.49	%		0.85	%		7.70	%		8.16	%
Pioneer Bond VCT Portfolio
2024		319		11.02		10.87		3,508		4.67	%		0.49	%		0.69	%		2.66	%		2.45	%
2023		162		10.73		10.61		1,732		4.02	%		0.49	%		0.69	%		6.44	%		6.22	%
2022		129		10.08		9.99		1,302		2.42	%		0.49	%		0.69	%		(13.49	)%		(15.41	)%
2021		159		11.66		11.81		1,879		2.29	%		0.49	%		0.85	%		0.84	%		(1.41	)%
2020		122		11.82		11.71		1,435		3.29	%		0.49	%		0.69	%		7.55	%		8.18	%

158

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Pioneer Fund VCT Portfolio, Class I
2024		117	$	35.45	$	70.07	$	6,599		0.72	%		0.49	%		0.85	%		22.05	%		22.77	%
2023		97		29.04		57.62		4,635		0.86	%		0.49	%		0.85	%		28.30	%		27.84	%
2022		106		22.64		45.07		4,083		0.65	%		0.49	%		0.85	%		(17.67	)%		(20.18	)%
2021		110		27.50		56.46		5,330		0.32	%		0.49	%		0.85	%		26.90	%		23.92	%
2020		170		22.19		44.49		5,141		0.78	%		0.49	%		0.85	%		23.22	%		23.68	%
Pioneer Mid Cap Value VCT Portfolio, Class II
2024		64		19.85		29.15		1,889		1.68	%		0.49	%		0.85	%		10.10	%		9.70	%
2023		63		18.03		26.58		1,671		1.73	%		0.49	%		0.85	%		11.66	%		11.26	%
2022		68		16.15		23.89		1,631		1.39	%		0.49	%		0.85	%		(3.75	)%		(9.56	)%
2021		59		16.78		26.41		1,527		0.83	%		0.49	%		0.85	%		32.36	%		25.27	%
2020		63		13.39		19.95		1,250		1.06	%		0.49	%		0.85	%		1.03	%		1.37	%
Pioneer Select Mid Cap Growth VCT Portfolio, Class I
2024		154		26.34		58.10		6,908		0.00	%		0.49	%		0.85	%		23.32	%		22.88	%
2023		144		21.36		47.28		5,507		0.00	%		0.49	%		0.85	%		18.19	%		17.77	%
2022		163		18.07		40.15		5,245		0.00	%		0.49	%		0.85	%		(29.50	)%		(31.64	)%
2021		178		25.63		58.73		8,306		0.00	%		0.49	%		0.85	%		7.15	%		4.64	%
2020		206		24.49		54.81		8,766		0.00	%		0.49	%		0.85	%		37.98	%		38.53	%
Prudential Series Fund Equity Portfolio, Class II
2024		33		63.57		61.61		2,001		0.00	%		0.65	%		0.85	%		24.99	%		24.73	%
2023		33		50.86		49.40		1,643		0.00	%		0.65	%		0.85	%		31.13	%		30.87	%
2022		41		38.79		37.74		1,557		0.00	%		0.65	%		0.85	%		57.32	%		(27.88	)%
2021		42		24.66		52.33		2,138		0.00	%		0.49	%		0.85	%		21.91	%		(43.89	)%
2020		43		43.94		42.93		1,828		0.00	%		0.65	%		0.85	%		27.40	%		27.66	%

159

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Prudential Series Fund Natural Resources Portfolio, Class II
2024		28	$	9.82	$	15.85	$	429		0.00	%		0.49	%		0.85	%		3.44	%		3.07	%
2023		29		9.49		15.38		430		0.00	%		0.49	%		0.85	%		1.09	%		0.72	%
2022		32		9.39		15.27		464		0.00	%		0.49	%		0.85	%		22.80	%		17.50	%
2021		41		7.64		12.99		511		0.00	%		0.49	%		0.85	%		27.15	%		22.54	%
2020		49		6.24		10.22		485		0.00	%		0.49	%		0.85	%		10.83	%		11.20	%
Putnam VT Core Equity Fund, Class IA
2024		107		36.40		35.91		3,844		0.85	%		0.49	%		0.85	%		26.70	%		26.24	%
2023		88		28.73		28.45		2,511		0.69	%		0.49	%		0.85	%		27.73	%		27.28	%
2022		67		22.49		22.35		1,499		1.38	%		0.49	%		0.85	%		(13.62	)%		(17.53	)%
2021		58		26.04		27.10		1,550		0.95	%		0.49	%		0.85	%		32.22	%		27.16	%
2020		58		20.48		20.50		1,193		1.33	%		0.49	%		0.85	%		16.64	%		17.08	%
Putnam VT Global Asset Allocation Fund, Class IA
2024		42		19.18		18.59		784		2.33	%		0.49	%		0.85	%		16.06	%		15.64	%
2023		44		16.53		16.08		714		1.92	%		0.49	%		0.85	%		17.21	%		16.79	%
2022		56		14.10		13.77		770		1.66	%		0.49	%		0.85	%		(14.50	)%		(18.22	)%
2021		59		16.49		16.83		973		0.91	%		0.49	%		0.85	%		15.62	%		11.39	%
2020		61		14.81		14.56		890		2.29	%		0.49	%		0.85	%		11.66	%		12.01	%
Putnam VT Global Health Care Fund, Class IB
2024		82		23.53		35.47		2,828		0.50	%		0.49	%		0.85	%		0.93	%		0.56	%
2023		126		23.32		35.27		4,317		0.31	%		0.49	%		0.85	%		8.60	%		8.21	%
2022		140		21.47		32.60		4,438		0.41	%		0.49	%		0.85	%		(2.51	)%		(7.47	)%
2021		153		22.02		35.23		5,163		1.09	%		0.49	%		0.85	%		20.94	%		15.61	%
2020		160		19.05		29.13		4,566		0.53	%		0.49	%		0.85	%		15.27	%		15.73	%

160

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Putnam VT Income Fund, Class IA
2024		515	$	10.62	$	10.26	$	5,402		5.51	%		0.49	%		0.85	%		2.05	%		1.69	%
2023		488		10.41		10.09		5,029		5.97	%		0.49	%		0.85	%		4.45	%		4.07	%
2022		502		9.96		9.69		4,952		5.90	%		0.49	%		0.85	%		(11.81	)%		(16.25	)%
2021		551		11.30		11.57		6,332		1.62	%		0.49	%		0.85	%		(2.94	)%		(7.16	)%
2020		550		12.17		11.93		6,656		5.33	%		0.49	%		0.85	%		5.07	%		5.47	%
Putnam VT International Equity Fund, Class IA
2024		100		15.92		14.87		1,581		2.42	%		0.49	%		0.85	%		2.73	%		(1.30	)%
2023		102		15.49		15.07		1,561		0.26	%		0.49	%		0.85	%		18.28	%		17.85	%
2022		100		13.10		12.79		1,299		1.81	%		0.49	%		0.85	%		(13.24	)%		(17.02	)%
2021		97		15.10		15.41		1,482		1.38	%		0.49	%		0.85	%		10.40	%		6.36	%
2020		109		14.20		13.96		1,537		1.96	%		0.49	%		0.85	%		11.40	%		11.77	%
Putnam VT International Value Fund, Class IA
2024		75		15.15		14.63		1,135		2.59	%		0.49	%		0.85	%		4.92	%		4.54	%
2023		84		14.44		14.00		1,207		1.62	%		0.49	%		0.85	%		18.50	%		18.07	%
2022		87		12.19		11.85		1,057		2.13	%		0.49	%		0.85	%		(4.90	)%		(9.68	)%
2021		93		12.81		13.12		1,219		2.31	%		0.49	%		0.85	%		16.02	%		11.99	%
2020		105		11.44		11.31		1,202		2.63	%		0.49	%		0.69	%		3.51	%		3.72	%
Putnam VT Large Cap Value Fund, Class IB
2024		545		28.42		47.96		21,100		1.04	%		0.49	%		0.85	%		18.56	%		18.13	%
2023		508		23.98		40.60		16,904		2.07	%		0.49	%		0.85	%		15.10	%		14.69	%
2022		579		20.83		35.40		16,564		1.40	%		0.49	%		0.85	%		(0.92	)%		(6.17	)%
2021		582		21.02		37.73		17,294		1.16	%		0.49	%		0.85	%		29.21	%		23.26	%
2020		584		17.06		29.20		14,452		1.86	%		0.49	%		0.85	%		4.92	%		5.29	%

161

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Putnam VT Mortgage Securities Fund
2024		261	$	10.27	$	10.98	$	2,848		4.42	%		0.49	%		0.85	%		4.24	%		3.87	%
2023		242		9.85		10.57		2,512		15.35	%		0.49	%		0.85	%		4.76	%		4.38	%
2022		265		9.40		10.12		2,652		9.85	%		0.49	%		0.85	%		(8.03	)%		(12.89	)%
2021		356		10.22		11.62		3,909		0.00	%		0.49	%		0.85	%		(2.33	)%		(6.82	)%
2020		399		10.97		11.90		4,609		9.68	%		0.49	%		0.85	%		(2.40	)%		(2.03	)%
Putnam VT Small Cap Value Fund, Class IA
2024		23		20.48		20.08		477		0.97	%		0.65	%		0.85	%		5.78	%		5.57	%
2023		19		19.36		19.02		374		0.50	%		0.65	%		0.85	%		23.33	%		23.09	%
2022		12		15.69		15.45		192		0.67	%		0.65	%		0.85	%		(12.19	)%		(14.69	)%
2021		9		17.87		18.11		163		1.23	%		0.65	%		0.85	%		40.92	%		37.47	%
2020		10		13.00		12.85		135		1.16	%		0.65	%		0.85	%		3.33	%		3.52	%
Royce Capital Fund Small Cap Portfolio, Service Class
2024		86		36.19		35.07		3,032		0.96	%		0.65	%		0.85	%		2.59	%		2.38	%
2023		94		35.28		34.26		3,254		0.68	%		0.65	%		0.85	%		24.72	%		24.47	%
2022		101		28.28		27.52		2,794		0.08	%		0.65	%		0.85	%		97.35	%		(12.43	)%
2021		112		14.33		31.43		3,456		1.21	%		0.49	%		0.85	%		30.63	%		25.88	%
2020		118		11.39		24.06		2,855		0.92	%		0.49	%		0.85	%		(8.10	)%		(7.81	)%
Schwab Government Money Market Portfolio
2024		14,065		11.07		13.95		166,994		4.95	%		0.49	%		0.85	%		4.55	%		4.17	%
2023		14,590		10.59		13.39		165,245		4.78	%		0.49	%		0.85	%		4.37	%		4.00	%
2022		15,833		10.15		12.88		171,626		1.48	%		0.49	%		0.85	%		3.75	%		0.59	%
2021		13,156		9.78		12.80		142,709		0.06	%		0.49	%		0.85	%		(0.79	)%		(3.12	)%
2020		15,575		10.09		12.91		168,645		0.14	%		0.49	%		0.85	%		(0.58	)%		(0.16	)%

162

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Schwab S&P 500 Index Fund
2024		12,567	$	34.96	$	104.20	$	607,462		1.44	%		0.49	%		0.85	%		24.34	%		23.89	%
2023		13,844		28.11		84.10		537,550		1.41	%		0.49	%		0.85	%		25.61	%		25.16	%
2022		15,106		22.38		67.20		466,558		1.25	%		0.49	%		0.85	%		(16.26	)%		(18.81	)%
2021		16,187		26.73		82.76		615,857		1.26	%		0.49	%		0.85	%		27.58	%		24.59	%
2020		17,207		21.45		64.87		511,660		1.21	%		0.49	%		0.85	%		17.28	%		17.67	%
Schwab VIT Balanced Portfolio
2024		263		14.17		13.93		3,726		2.16	%		0.49	%		0.69	%		7.33	%		7.11	%
2023		270		13.21		13.01		3,564		1.87	%		0.49	%		0.69	%		11.41	%		11.19	%
2022		297		11.85		11.70		3,519		1.53	%		0.49	%		0.69	%		(14.16	)%		(16.25	)%
2021		338		13.81		13.97		4,714		1.29	%		0.49	%		0.69	%		8.67	%		6.44	%
2020		492		12.97		12.85		6,373		1.93	%		0.49	%		0.69	%		7.45	%		7.74	%
Schwab VIT Balanced with Growth Portfolio
2024		334		16.22		15.94		5,402		2.07	%		0.49	%		0.69	%		9.44	%		9.22	%
2023		333		14.82		14.59		4,926		1.69	%		0.49	%		0.69	%		14.30	%		14.07	%
2022		384		12.96		12.79		4,964		1.59	%		0.49	%		0.69	%		(15.46	)%		(17.52	)%
2021		407		15.34		15.51		6,292		1.29	%		0.49	%		0.69	%		11.92	%		9.63	%
2020		501		13.99		13.86		6,996		2.18	%		0.49	%		0.69	%		9.29	%		9.54	%
Schwab VIT Growth Portfolio
2024		71		18.17		17.86		1,296		1.91	%		0.49	%		0.69	%		11.23	%		11.00	%
2023		51		16.34		16.09		836		1.53	%		0.49	%		0.69	%		16.95	%		16.72	%
2022		58		13.97		13.78		802		1.20	%		0.49	%		0.69	%		(16.71	)%		(18.74	)%
2021		124		16.77		16.96		2,098		1.16	%		0.49	%		0.69	%		15.18	%		12.82	%
2020		292		14.87		14.73		4,342		2.47	%		0.49	%		0.69	%		10.57	%		10.77	%

163

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
T. Rowe Price Health Sciences Portfolio
2024		52	$	26.33	$	25.78	$	1,375		0.00	%		0.49	%		0.69	%		1.16	%		0.95	%
2023		59		26.03		25.53		1,532		0.00	%		0.49	%		0.69	%		2.46	%		2.25	%
2022		60		25.40		24.97		1,511		0.00	%		0.49	%		0.69	%		(11.57	)%		(14.38	)%
2021		60		28.73		29.17		1,753		0.00	%		0.49	%		0.69	%		14.04	%		10.85	%
2020		62		25.91		25.57		1,611		0.00	%		0.49	%		0.69	%		28.71	%		28.99	%
T. Rowe Price Health Sciences Portfolio, Class II
2024		153		25.21		25.50		3,874		0.00	%		0.65	%		0.85	%		0.76	%		0.55	%
2023		151		25.02		25.36		3,792		0.00	%		0.65	%		0.85	%		2.02	%		1.82	%
2022		181		24.52		24.90		4,463		0.00	%		0.65	%		0.85	%		(11.92	)%		(14.74	)%
2021		177		27.84		29.21		5,016		0.00	%		0.65	%		0.85	%		13.60	%		10.41	%
2020		163		25.22		25.71		4,156		0.00	%		0.65	%		0.85	%		28.17	%		28.43	%
Templeton Foreign VIP Fund, Class 2
2024		447		10.38		14.01		6,034		2.45	%		0.49	%		0.85	%		(1.48	)%		5.39	%
2023		458		10.54		14.28		6,237		3.17	%		0.49	%		0.85	%		20.17	%		19.74	%
2022		491		8.77		11.92		5,595		3.11	%		0.49	%		0.85	%		(5.51	)%		(10.50	)%
2021		521		9.28		13.32		6,474		1.83	%		0.49	%		0.85	%		5.72	%		0.85	%
2020		521		9.20		12.60		6,240		3.58	%		0.49	%		0.85	%		(2.01	)%		(1.68	)%
Templeton Global Bond VIP Fund, Class 2
2024		746		7.65		7.50		5,669		0.00	%		0.49	%		0.85	%		(11.81	)%		(12.13	)%
2023		792		8.68		8.54		6,824		0.00	%		0.49	%		0.85	%		2.38	%		2.02	%
2022		921		8.47		8.37		7,773		0.00	%		0.49	%		0.85	%		(2.79	)%		(7.19	)%
2021		957		8.72		9.02		8,555		0.00	%		0.49	%		0.85	%		(4.34	)%		(8.01	)%
2020		938		9.48		9.43		8,884		8.91	%		0.49	%		0.85	%		(6.08	)%		(5.71	)%

164

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Third Avenue Value Fund
2024		78	$	17.27	$	16.63	$	1,348		2.52	%		0.65	%		0.85	%		(2.91	)%		(3.10	)%
2023		85		17.78		17.17		1,511		2.35	%		0.65	%		0.85	%		20.06	%		19.82	%
2022		92		14.81		14.33		1,358		1.48	%		0.65	%		0.85	%		18.98	%		11.53	%
2021		102		12.45		12.85		1,302		0.70	%		0.65	%		0.85	%		24.91	%		17.56	%
2020		111		10.59		10.28		1,164		2.87	%		0.65	%		0.85	%		(3.26	)%		(3.02	)%
Touchstone VST Bond Fund
2024		419		10.70		13.37		5,455		4.82	%		0.49	%		0.85	%		1.69	%		1.32	%
2023		521		10.52		13.20		6,737		4.79	%		0.49	%		0.85	%		5.56	%		5.18	%
2022		488		9.96		12.55		5,911		2.01	%		0.49	%		0.85	%		(11.89	)%		(16.71	)%
2021		519		11.31		15.06		7,232		2.45	%		0.49	%		0.85	%		0.47	%		(4.34	)%
2020		520		11.82		14.99		7,345		1.95	%		0.49	%		0.85	%		8.81	%		9.16	%
Touchstone VST Common Stock Fund
2024		171		32.70		70.50		11,839		0.63	%		0.49	%		0.85	%		20.88	%		20.45	%
2023		191		27.05		58.54		10,918		0.44	%		0.49	%		0.85	%		26.04	%		25.59	%
2022		195		21.46		46.61		8,896		0.41	%		0.49	%		0.85	%		(15.79	)%		(20.39	)%
2021		204		25.49		58.55		11,323		0.55	%		0.49	%		0.85	%		30.02	%		23.79	%
2020		221		20.59		45.03		9,644		0.66	%		0.49	%		0.85	%		22.64	%		23.06	%
Touchstone VST Common Stock Fund, Service Class
2024		87		31.64		69.44		5,560		0.44	%		0.49	%		0.85	%		20.67	%		20.23	%
2023		95		26.22		57.75		5,088		0.65	%		0.49	%		0.85	%		25.74	%		25.29	%
2022		98		20.85		46.10		4,136		0.22	%		0.49	%		0.85	%		(15.92	)%		(20.52	)%
2021		119		24.80		58.00		5,824		0.41	%		0.49	%		0.85	%		29.73	%		23.53	%
2020		118		20.08		44.71		4,503		0.67	%		0.49	%		0.85	%		22.45	%		22.88	%

165

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Touchstone VST Small Company Fund
2024		141	$	26.52	$	59.84	$	6,482		0.42	%		0.49	%		0.85	%		13.14	%		12.74	%
2023		158		23.44		53.08		6,399		0.23	%		0.49	%		0.85	%		16.03	%		15.62	%
2022		158		20.20		45.91		5,464		0.03	%		0.49	%		0.85	%		(12.50	)%		(17.29	)%
2021		179		23.09		55.51		6,976		0.06	%		0.49	%		0.85	%		26.29	%		20.24	%
2020		224		19.20		43.95		6,839		0.17	%		0.49	%		0.85	%		17.68	%		18.08	%
VanEck VIP Global Resources Fund
2024		281		7.59		12.37		2,746		2.28	%		0.49	%		0.85	%		(3.56	)%		(3.91	)%
2023		426		7.87		12.87		4,056		2.73	%		0.49	%		0.85	%		(4.31	)%		(4.65	)%
2022		500		8.22		13.50		5,045		1.35	%		0.49	%		0.85	%		10.58	%		4.53	%
2021		508		7.44		12.91		4,696		0.29	%		0.49	%		0.85	%		20.69	%		14.91	%
2020		795		6.47		10.70		5,703		1.03	%		0.49	%		0.85	%		17.83	%		18.29	%
VanEck VIP Unconstrained Emerging Markets Bond Fund, Class I
2024		215		10.87		13.18		2,853		7.34	%		0.49	%		0.85	%		2.27	%		1.90	%
2023		233		10.63		12.93		3,021		4.21	%		0.49	%		0.85	%		10.86	%		10.46	%
2022		259		9.59		11.71		3,045		4.50	%		0.49	%		0.85	%		(4.82	)%		(10.03	)%
2021		258		10.07		13.01		3,285		5.11	%		0.49	%		0.85	%		(2.42	)%		(7.09	)%
2020		298		10.84		13.34		4,021		7.88	%		0.49	%		0.85	%		7.99	%		8.41	%
Vanguard VIF Capital Growth Portfolio
2024		181		33.65		32.94		6,078		1.09	%		0.49	%		0.69	%		12.85	%		12.63	%
2023		200		29.82		29.25		5,931		0.98	%		0.49	%		0.69	%		27.36	%		27.10	%
2022		214		23.41		23.01		5,001		0.89	%		0.49	%		0.69	%		(14.61	)%		(17.33	)%
2021		236		27.42		27.84		6,557		0.96	%		0.49	%		0.69	%		22.55	%		19.13	%
2020		247		23.02		22.71		5,699		1.61	%		0.49	%		0.69	%		16.66	%		16.89	%

166

	As of December 31								For the period ended December 31
Subaccount	Units (000's)		Unit Fair Value Corresponding to the Lowest and Highest Expense Ratios				Net Assets (000's)		Investment Income Ratio ^(a)			Expense Ratios ^(b)						Total Return ^(c) Corresponding to the Lowest and Highest Expense Ratios
			Low		High							Low			High			Low			High
Vanguard VIF Diversified Value Portfolio
2024		261	$	25.05	$	24.52	$	6,519		1.59	%		0.49	%		0.69	%		14.32	%		14.09	%
2023		286		21.91		21.49		6,245		1.38	%		0.49	%		0.69	%		19.54	%		19.30	%
2022		297		18.33		18.01		5,429		1.16	%		0.49	%		0.69	%		(10.57	)%		(13.42	)%
2021		333		20.49		20.81		6,915		1.16	%		0.49	%		0.69	%		31.56	%		27.87	%
2020		370		16.03		15.82		5,911		2.82	%		0.49	%		0.69	%		10.99	%		11.22	%
Vanguard VIF Mid-Cap Index Portfolio
2024		455		25.34		24.81		11,477		1.38	%		0.49	%		0.69	%		14.51	%		14.28	%
2023		480		22.13		21.71		10,585		1.43	%		0.49	%		0.69	%		15.27	%		15.04	%
2022		501		19.20		18.87		9,589		1.14	%		0.49	%		0.69	%		(17.98	)%		(20.59	)%
2021		540		23.40		23.76		12,776		1.10	%		0.49	%		0.69	%		25.39	%		21.88	%
2020		798		19.20		18.95		15,285		1.62	%		0.49	%		0.69	%		17.27	%		17.52	%
Vanguard VIF Real Estate Index Portfolio
2024		277		17.38		17.01		4,797		3.03	%		0.49	%		0.69	%		4.23	%		4.02	%
2023		247		16.67		16.36		4,104		2.33	%		0.49	%		0.69	%		11.15	%		10.93	%
2022		264		15.00		14.74		3,946		1.81	%		0.49	%		0.69	%		(25.53	)%		(27.91	)%
2021		386		20.14		20.45		7,878		1.79	%		0.49	%		0.69	%		41.38	%		37.42	%
2020		306		14.66		14.47		4,485		2.85	%		0.49	%		0.69	%		(5.51	)%		(5.31	)%
Vanguard VIF Small Company Growth Portfolio
2024		113		23.64		23.14		2,670		0.55	%		0.49	%		0.69	%		10.83	%		10.61	%
2023		126		21.33		20.92		2,683		0.41	%		0.49	%		0.69	%		19.06	%		18.83	%
2022		129		17.91		17.61		2,301		0.27	%		0.49	%		0.69	%		(24.58	)%		(26.98	)%
2021		142		23.75		24.11		3,399		0.36	%		0.49	%		0.69	%		15.17	%		11.95	%
2020		221		21.22		20.94		4,689		0.75	%		0.49	%		0.69	%		22.37	%		22.56	%

167

* The Subaccount has units and/or dollars that round to less than one thousand.

^(a) These ratios represent the dividends received by the Subaccount, excluding distributions of capital gains, divided by the daily average net assets. These ratios exclude expenses, such as mortality and expense risk fees, that result in direct reductions in the unit values. The recognition of investment income by the Subaccount is affected by the timing of the declaration of dividends by the underlying mutual fund in which the Subaccounts invest.

^(b) These ratios represent the annualized Contract expenses of the respective Subaccounts of the Separate Account, consisting primarily of mortality and expense risk fees, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to Contract owner accounts through the redemption of units and expenses of the underlying mutual fund are excluded.

^(c) These amounts represent the total return for the periods indicated, are not annualized, include changes in the value of the underlying mutual fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses addressed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented.

168

SUBSEQUENT EVENTS

The Separate Account has evaluated the effects of events subsequent to December 31, 2024, and through the date at which the financial statements were available to be issued. All accounting and disclosure requirements related to subsequent events are included in our financial statements.

169