FINANCIAL STATEMENTS

Transamerica Life Insurance Company

Separate Account VA B

Years Ended December 31, 2021 and 2020

Transamerica Life Insurance Company

Separate Account VA B

Financial Statements

Years Ended December 31, 2021 and 2020

Contents

Report of Independent Registered Public Accounting Firm	1
Financial Statements
Statements of Assets and Liabilities	2
Statements of Operations and Changes in Net Assets	8
Notes to Financial Statements	40

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Transamerica Life Insurance Company and the Contract Owners of Separate Account VA B

Opinions on the Financial Statements

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

AB Balanced Wealth Strategy Class B Shares (1)	TA BlackRock Tactical Allocation Service Class (1)
AB Growth and Income Class B Shares (1)	TA Goldman Sachs 70/30 Service Class (2)
AB Large Cap Growth Class B Shares (1)	TA International Focus Initial Class (1)
American Funds - Asset Allocation Class 2 Shares (1)	TA International Focus Service Class (1)
American Funds - Asset Allocation Class 4 Shares (2)	TA Janus Balanced Service Class (1)
American Funds - Growth Class 2 Shares (1)	TA Janus Mid-Cap Growth Initial Class (1)
American Funds - Growth Class 4 Shares (2)	TA Janus Mid-Cap Growth Service Class (1)
American Funds - Growth-Income Class 2 Shares (1)	TA JPMorgan Asset Allocation - Conservative Initial Class (1)
American Funds - Growth-Income Class 4 Shares (2)	TA JPMorgan Asset Allocation - Conservative Service Class (1)
American Funds - International Class 2 Shares (1)	TA JPMorgan Asset Allocation - Growth Initial Class (1)
American Funds - International Class 4 Shares (2)	TA JPMorgan Asset Allocation - Growth Service Class (1)
American Funds - New World Class 4 Shares (2)	TA JPMorgan Asset Allocation - Moderate Initial Class (1)
American Funds - The Bond Fund of America Class 2 Shares (1)	TA JPMorgan Asset Allocation - Moderate Service Class (1)
American Funds - The Bond Fund of America Class 4 Shares (2)	TA JPMorgan Asset Allocation - Moderate Growth Initial Class (1)
BlackRock Basic Value V.I. Class I Shares (1)	TA JPMorgan Asset Allocation - Moderate Growth Service Class (1)
BlackRock Global Allocation V.I. Class I Shares (1)	TA JPMorgan Core Bond Service Class (1)
BlackRock High Yield V.I. Class I Shares (1)	TA JPMorgan Enhanced Index Initial Class (1)
DFA VA Equity Allocation (1)	TA JPMorgan Enhanced Index Service Class (1)
DFA VA Global Bond (1)	TA JPMorgan International Moderate Growth Initial Class (1)
DFA VA Global Moderate Allocation (1)	TA JPMorgan International Moderate Growth Service Class (1)
DFA VA International Small (1)	TA JPMorgan Mid Cap Value Service Class (1)
DFA VA International Value (1)	TA JPMorgan Tactical Allocation Service Class (1)
DFA VA Short-Term Fixed (1)	TA Madison Diversified Income Service Class (1)
DFA VA U.S. Large Value (1)	TA Managed Risk - Balanced ETF Service Class (1)
DFA VA U.S. Targeted Value (1)	TA Managed Risk - Conservative ETF Service Class (1)
Fidelity® VIP Balanced Service Class 2 (1)	TA Managed Risk - Growth ETF Service Class (1)
Fidelity® VIP Consumer Staples Initial Class (2)	TA Market Participation Strategy Service Class (1)
Fidelity® VIP Contrafund® Initial Class (1)	TA Morgan Stanley Capital Growth Initial Class (1)
Fidelity® VIP Contrafund® Service Class 2 (1)	TA Morgan Stanley Capital Growth Service Class (1)
Fidelity® VIP Energy Service Class 2 (2)	TA Morgan Stanley Global Allocation Service Class (1)
Fidelity® VIP Equity-Income Initial Class (1)	TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class (1)
Fidelity® VIP Equity-Income Service Class 2 (1)	TA MSCI EAFE Index Service Class (1)
Fidelity® VIP Growth Initial Class (1)	TA Multi-Managed Balanced Initial Class (1)
Fidelity® VIP Growth Service Class 2 (1)	TA Multi-Managed Balanced Service Class (1)
Fidelity® VIP Growth Opportunities Service Class 2 (1)	TA PIMCO Tactical - Balanced Service Class (1)
Fidelity® VIP Health Care Service Class 2 (2)	TA PIMCO Tactical - Conservative Service Class (1)
Fidelity® VIP Mid Cap Initial Class (1)	TA PIMCO Tactical - Growth Service Class (1)
Fidelity® VIP Mid Cap Service Class 2 (1)	TA PIMCO Total Return Initial Class (1)
Fidelity® VIP Technology Initial Class (2)	TA PIMCO Total Return Service Class (1)
Fidelity® VIP Utilities Initial Class (2)	TA PineBridge Inflation Opportunities Service Class (1)
Fidelity® VIP Value Strategies Initial Class (1)	TA ProFunds UltraBear Service Class (OAM) (1)
Fidelity® VIP Value Strategies Service Class 2 (1)	TA Rothschild & Co Large Cap Value Service Class (1)
Franklin Allocation Class 4 Shares (1)	TA S&P 500 Index Service Class (1)
Franklin Income Class 2 Shares (1)	TA Small/Mid Cap Value Initial Class (1)
Franklin Mutual Shares Class 2 Shares (1)	TA Small/Mid Cap Value Service Class (1)
Franklin Templeton Foreign Class 2 Shares (1)	TA T. Rowe Price Small Cap Initial Class (1)
Invesco V.I. American Franchise Series II Shares (1)	TA T. Rowe Price Small Cap Service Class (1)
Janus Henderson - Enterprise Service Shares (1)	TA TS&W International Equity Initial Class (1)
Janus Henderson - Global Research Service Shares (1)	TA TS&W International Equity Service Class (1)
Janus Henderson - Mid Cap Value Service Shares (1)	TA WMC US Growth Initial Class (1)
MFS® New Discovery Service Class (1)	TA WMC US Growth Service Class (1)
MFS® Total Return Service Class (1)	Vanguard® Balanced (1)
NVIT Emerging Markets Class D Shares (1)	Vanguard® Capital Growth (1)
State Street Total Return V.I.S. Class 3 Shares (1)	Vanguard® Conservative Allocation (1)
TA 60/40 Allocation Service Class (1)	Vanguard® Diversified Value (1)
TA Aegon High Yield Bond Initial Class (1)	Vanguard® Equity Income (1)
TA Aegon High Yield Bond Service Class (1)	Vanguard® Equity Index (1)
TA Aegon Sustainable Equity Income Initial Class (1)	Vanguard® Global Bond Index (1)
TA Aegon Sustainable Equity Income Service Class (1)	Vanguard® Growth (1)
TA Aegon U.S. Government Securities Initial Class (1)	Vanguard® High Yield Bond (1)
TA Aegon U.S. Government Securities Service Class (1)	Vanguard® International (1)
TA American Funds Managed Risk - Balanced Service Class (1)	Vanguard® Mid-Cap Index (1)
TA BlackRock Global Real Estate Securities Initial Class (1)	Vanguard® Moderate Allocation (1)
TA BlackRock Global Real Estate Securities Service Class (1)	Vanguard® Money Market (1)
TA BlackRock Government Money Market Initial Class (1)	Vanguard® Real Estate Index (1)
TA BlackRock Government Money Market Service Class (1)	Vanguard® Short-Term Investment Grade (1)
TA BlackRock iShares Active Asset Allocation - Conservative Service Class (1)	Vanguard® Total Bond Market Index (1)
TA BlackRock iShares Active Asset Allocation - Moderate Service Class (1)	Vanguard® Total International Stock Market Index (1)
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class (1)	Vanguard® Total Stock Market Index (1)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class (1)	Voya Global Perspectives Class S Shares (1)
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class (1)	Voya Large Cap Value Class S Shares (1)
TA BlackRock iShares Edge 100 Service Class (1)	Voya Strategic Allocation Conservative Class S Shares (1)
TA BlackRock iShares Edge 40 Initial Class (1)	Voya Strategic Allocation Moderate Class S Shares (1)
TA BlackRock iShares Edge 40 Service Class (1)	Wanger International (1)
TA BlackRock iShares Edge 50 Service Class (1)	Wanger USA (1)
TA BlackRock iShares Edge 75 Service Class (1)

(1) Statements of operations and changes in net assets for the years ended December 31, 2021 and 2020

(2) Statements of operations and changes in net assets for the year ended December 31, 2021 and the period May 1, 2020 (commencement of operations) through December 31, 2020

Basis for Opinions

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

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

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

/s/ PricewaterhouseCoopers LLP

Chicago, Illinois

April 20, 2022

We have served as the auditor of one or more of the subaccounts of Separate Account VA B since 2014.

1

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2021

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
AB Balanced Wealth Strategy Class B Shares		8,458,522.686	$	88,246,911	$	97,949,693	$	22	$	97,949,715		23,075,361	$	1.849951	$	18.654959
AB Growth and Income Class B Shares		7,695,586.690		223,742,323		277,964,591		(1,274)		277,963,317		53,868,536		2.051223		25.574969
AB Large Cap Growth Class B Shares		411,063.184		21,692,776		35,215,783		(278)		35,215,505		7,676,319		4.097393		29.133305
American Funds - Asset Allocation Class 2 Shares		30,318,486.920		697,578,143		871,353,314		(506)		871,352,808		152,575,336		2.328932		21.737898
American Funds - Asset Allocation Class 4 Shares		810,750.726		22,464,243		23,155,041		(1)		23,155,040		1,727,718		13.226686		13.629827
American Funds - Growth Class 2 Shares		9,103,423.588		777,349,730		1,149,580,331		302		1,149,580,633		49,147,881		4.481509		44.496711
American Funds - Growth Class 4 Shares		572,143.590		68,446,320		70,825,655		(6)		70,825,649		3,929,006		17.796929		18.338984
American Funds - Growth-Income Class 2 Shares		11,357,091.430		551,080,067		754,565,155		(15)		754,565,140		46,521,780		3.239457		30.445655
American Funds - Growth-Income Class 4 Shares		519,805.166		31,203,490		34,083,625		5		34,083,630		2,239,175		15.026765		15.484656
American Funds - International Class 2 Shares		11,603,892.266		229,592,257		262,247,965		(181)		262,247,784		37,028,497		1.448701		16.373648
American Funds - International Class 4 Shares		713,509.125		16,740,793		15,918,389		(3)		15,918,386		1,178,588		13.324231		13.730379
American Funds - New World Class 4 Shares		241,457.346		7,700,179		7,543,127		(2)		7,543,125		511,234		14.561031		15.004802
American Funds - The Bond Fund of America Class 2 Shares		24,204,397.102		269,612,029		267,700,632		(244)		267,700,388		62,790,605		1.117010		12.239768
American Funds - The Bond Fund of America Class 4 Shares		1,130,107.935		12,760,092		12,442,488		1		12,442,489		1,220,373		10.067264		10.374391
BlackRock Basic Value V.I. Class I Shares		1,399,617.082		19,618,625		19,580,643		(63)		19,580,580		5,019,930		2.813056		13.426980
BlackRock Global Allocation V.I. Class I Shares		598,835.683		9,998,897		10,653,287		(20)		10,653,267		3,779,531		2.377804		14.045345
BlackRock High Yield V.I. Class I Shares		394,992.493		2,887,264		2,997,993		11,558		3,009,551		1,009,939		2.417605		11.971803
DFA VA Equity Allocation		57,603.299		792,907		860,593		-		860,593		61,903		13.876361		13.932761
DFA VA Global Bond		124,514.650		1,321,708		1,299,933		(1)		1,299,932		132,281		9.606711		9.994943
DFA VA Global Moderate Allocation		5,397.082		81,478		85,166		(1)		85,165		6,725		12.626983		12.678318
DFA VA International Small		27,353.371		359,535		373,647		-		373,647		29,546		12.597124		12.648337
DFA VA International Value		26,693.620		362,790		356,360		-		356,360		30,790		11.530438		11.577310
DFA VA Short-Term Fixed		76,435.852		779,754		778,117		-		778,117		78,002		9.945373		9.985937
DFA VA U.S. Large Value		19,719.415		553,444		653,107		-		653,107		52,319		12.446234		12.496857
DFA VA U.S. Targeted Value		21,952.785		476,538		517,427		1		517,428		35,853		14.378644		14.437066
Fidelity® VIP Balanced Service Class 2		23,890,753.793		443,286,204		585,801,283		(145)		585,801,138		103,061,636		2.394795		25.321968
Fidelity® VIP Consumer Staples Initial Class		80,095.992		1,649,521		1,692,428		-		1,692,428		123,456		13.532704		13.945136
Fidelity® VIP Contrafund® Initial Class		4,406.514		189,311		239,494		28		239,522		26,578		3.740288		34.821303
Fidelity® VIP Contrafund® Service Class 2		18,931,651.578		701,409,232		994,101,024		(133)		994,100,891		100,491,552		3.112510		34.164848
Fidelity® VIP Energy Service Class 2		239,656.257		3,632,230		3,760,207		-		3,760,207		226,711		16.390186		16.889041
Fidelity® VIP Equity-Income Initial Class		2,158.644		45,983		56,449		(3)		56,446		21,037		2.397681		16.100086

See accompanying notes 2

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2021

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
Fidelity® VIP Equity-Income Service Class 2		1,513,067.491	$	32,386,601	$	38,235,215	$	326	$	38,235,541		13,003,796	$	1.936938	$	16.145043
Fidelity® VIP Growth Initial Class		340.731		23,095		34,901		47		34,948		6,995		4.825271		30.401832
Fidelity® VIP Growth Service Class 2		463,763.700		32,088,174		46,107,387		155		46,107,542		10,219,740		3.885699		29.430778
Fidelity® VIP Growth Opportunities Service Class 2		49,217.242		1,966,165		3,820,242		75		3,820,317		597,638		4.805531		36.983925
Fidelity® VIP Health Care Service Class 2		185,037.375		7,165,664		7,381,141		-		7,381,141		563,662		12.932407		13.326736
Fidelity® VIP Mid Cap Initial Class		1,857.704		63,575		76,482		(1)		76,481		15,709		2.622950		26.308818
Fidelity® VIP Mid Cap Service Class 2		10,905,743.555		360,514,414		429,577,239		(637)		429,576,602		51,504,031		2.469244		25.813222
Fidelity® VIP Technology Initial Class		461,583.800		14,945,532		16,455,462		3		16,455,465		817,742		19.865223		20.470118
Fidelity® VIP Utilities Initial Class		54,332.524		1,039,955		1,130,116		1		1,130,117		85,074		13.108474		13.508023
Fidelity® VIP Value Strategies Initial Class		27,180.408		385,993		445,759		(6)		445,753		60,020		2.691518		24.474821
Fidelity® VIP Value Strategies Service Class 2		14,680,115.193		202,108,133		243,543,111		240		243,543,351		37,651,512		0.591242		24.017899
Franklin Allocation Class 4 Shares		10,637,927.999		66,439,082		65,636,016		(260)		65,635,756		24,994,155		1.802352		13.967698
Franklin Income Class 2 Shares		2,782,729.720		42,109,936		46,638,550		476		46,639,026		25,879,319		1.533152		13.444565
Franklin Mutual Shares Class 2 Shares		567,425.271		10,266,970		10,894,565		57		10,894,622		6,532,283		1.439314		12.736496
Franklin Templeton Foreign Class 2 Shares		1,107,253.400		15,426,071		15,047,574		264		15,047,838		14,680,216		0.905548		10.739356
Invesco V.I. American Franchise Series II Shares		93,290.700		5,339,406		7,746,860		119		7,746,979		2,156,185		3.269720		24.444696
Janus Henderson - Enterprise Service Shares		232,241.269		14,671,026		21,479,995		(213)		21,479,782		5,365,361		2.622782		21.921560
Janus Henderson - Global Research Service Shares		340,801.248		12,899,702		23,620,934		(320)		23,620,614		11,113,961		1.588738		19.890756
Janus Henderson - Mid Cap Value Service Shares		157,077.619		2,427,081		2,883,945		(22)		2,883,923		888,292		2.104735		13.984648
MFS® New Discovery Service Class		2,215,674.628		39,601,550		43,958,985		122		43,959,107		8,859,603		3.013911		24.079756
MFS® Total Return Service Class		1,352,073.115		29,742,817		36,749,347		162		36,749,509		14,508,866		1.814180		14.782921
NVIT Emerging Markets Class D Shares		1,424.126		14,571		19,211		-		19,211		1,346		12.929121		14.415585
State Street Total Return V.I.S. Class 3 Shares		3,429,853.540		55,292,213		54,877,657		(38)		54,877,619		16,476,801		1.642112		16.983187
TA 60/40 Allocation Service Class		3,838,152.522		43,766,069		52,314,019		-		52,314,019		7,268,881		1.373249		14.659916
TA Aegon High Yield Bond Initial Class		7,510,780.274		57,041,794		57,983,224		(58)		57,983,166		22,080,227		1.425990		14.959033
TA Aegon High Yield Bond Service Class		19,110,562.411		147,347,008		150,400,126		40		150,400,166		25,397,221		1.616004		14.587694
TA Aegon Sustainable Equity Income Initial Class		11,824,912.813		226,635,220		249,623,909		302		249,624,211		81,614,682		1.515416		20.328804
TA Aegon Sustainable Equity Income Service Class		7,001,814.839		139,853,568		148,018,366		144		148,018,510		28,772,083		1.597142		19.792849
TA Aegon U.S. Government Securities Initial Class		6,121,941.976		68,735,103		63,545,758		176		63,545,934		38,359,008		1.052878		11.029268
TA Aegon U.S. Government Securities Service Class		17,953,322.229		209,993,856		193,536,814		(382)		193,536,432		61,071,608		1.073585		11.303009
TA American Funds Managed Risk - Balanced Service Class		76,983,608.057		854,074,482		1,026,961,331		(968)		1,026,960,363		72,975,601		12.763350		15.084595

See accompanying notes. 3

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2021

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
TA BlackRock Global Real Estate Securities Initial Class		2,853,569.225	$	32,936,996	$	37,581,507	$	150	$	37,581,657		10,592,715	$	1.444475	$	15.989139
TA BlackRock Global Real Estate Securities Service Class		6,840,896.637		83,962,904		96,046,189		(263)		96,045,926		18,935,860		1.363078		15.578737
TA BlackRock Government Money Market Initial Class		101,398,694.873		101,398,692		101,398,695		(520)		101,398,175		98,643,567		0.759020		9.786365
TA BlackRock Government Money Market Service Class		503,098,210.432		503,098,207		503,098,210		(1,652)		503,096,558		172,118,709		0.745733		10.015211
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		25,709,605.275		272,826,742		295,146,269		(232)		295,146,037		91,220,744		1.207430		14.138028
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		94,741,133.102		1,072,686,989		1,170,052,994		116		1,170,053,110		258,985,643		1.258734		14.288575
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		35,967,705.077		394,640,569		415,067,317		61		415,067,378		124,534,990		1.178609		13.832853
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		75,809,086.237		904,247,348		935,484,124		(21)		935,484,103		152,615,380		1.204113		14.376738
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		29,840,187.274		372,265,052		405,229,743		(250)		405,229,493		68,867,990		1.376136		15.452023
TA BlackRock iShares Edge 100 Service Class		4,099,106.596		56,218,761		71,242,473		3		71,242,476		3,811,159		15.880734		19.746046
TA BlackRock iShares Edge 40 Initial Class		1,833,779.408		17,537,199		18,704,550		187		18,704,737		9,030,676		1.442577		13.284575
TA BlackRock iShares Edge 40 Service Class		27,549,413.215		255,395,596		278,800,062		(226)		278,799,836		90,734,264		1.219802		14.890984
TA BlackRock iShares Edge 50 Service Class		34,380,432.713		424,546,874		495,078,231		53		495,078,284		34,207,740		12.990479		15.271033
TA BlackRock iShares Edge 75 Service Class		11,244,349.975		150,609,856		182,158,470		45		182,158,515		11,154,353		14.430367		17.316749
TA BlackRock Tactical Allocation Service Class		67,952,206.403		1,056,292,880		1,153,148,943		27		1,153,148,970		270,119,713		1.541968		17.410557
TA Goldman Sachs 70/30 Service Class		130,098.533		1,725,479		1,822,680		(1)		1,822,679		129,421		13.879936		14.302912
TA International Focus Initial Class		7,311,674.791		62,618,755		78,746,737		(310)		78,746,427		34,020,753		1.730599		18.362700
TA International Focus Service Class		11,761,891.170		99,668,447		123,852,714		(378)		123,852,336		16,691,452		1.524148		17.911221
TA Janus Balanced Service Class		56,930,588.058		861,126,504		1,132,349,396		18		1,132,349,414		153,039,404		1.945104		22.731139
TA Janus Mid-Cap Growth Initial Class		1,855,009.767		64,324,189		82,603,585		(222)		82,603,363		26,868,733		2.447209		27.145626
TA Janus Mid-Cap Growth Service Class		5,203,239.202		186,047,079		217,859,625		113		217,859,738		17,742,369		2.383054		26.441120
TA JPMorgan Asset Allocation - Conservative Initial Class		12,881,961.525		136,931,547		148,142,558		4,565		148,147,123		68,625,564		1.529012		13.596138
TA JPMorgan Asset Allocation - Conservative Service Class		81,820,881.082		851,499,878		927,848,791		180		927,848,971		261,747,697		1.402700		15.410954
TA JPMorgan Asset Allocation - Growth Initial Class		18,583,393.806		226,067,914		291,759,283		91		291,759,374		84,810,742		2.323192		19.650404
TA JPMorgan Asset Allocation - Growth Service Class		17,892,823.850		218,183,553		277,338,770		(96)		277,338,674		43,761,584		1.967341		24.947957
TA JPMorgan Asset Allocation - Moderate Initial Class		24,796,573.355		289,245,764		338,721,192		(108)		338,721,084		136,563,569		1.722224		14.721571

See accompanying notes. 4

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2021

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
TA JPMorgan Asset Allocation - Moderate Service Class		454,272,398.353	$	5,269,580,356	$	6,100,878,310	$	(1,062)	$	6,100,877,248		1,144,562,296	$	1.562371	$	17.274664
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		33,686,305.873		408,625,884		487,440,846		(64)		487,440,782		171,255,655		1.965444		16.398548
TA JPMorgan Asset Allocation - Moderate Growth Service Class		233,163,260.794		2,778,278,269		3,313,249,936		(247)		3,313,249,689		822,991,778		1.696624		19.964573
TA JPMorgan Core Bond Service Class		22,442,334.732		316,233,357		305,664,599		48		305,664,647		59,035,305		1.080238		12.028228
TA JPMorgan Enhanced Index Initial Class		5,519,364.639		119,037,174		152,720,820		(80)		152,720,740		30,932,676		3.201431		33.872906
TA JPMorgan Enhanced Index Service Class		4,376,430.886		96,807,423		120,395,614		22		120,395,636		7,586,839		3.027441		33.006331
TA JPMorgan International Moderate Growth Initial Class		10,200.584		94,286		122,509		1		122,510		68,180		1.796877		14.801926
TA JPMorgan International Moderate Growth Service Class		44,343,115.692		428,901,562		526,796,214		(99)		526,796,115		197,465,613		1.233634		16.054315
TA JPMorgan Mid Cap Value Service Class		14,290,922.945		221,643,784		275,957,722		(41)		275,957,681		32,677,232		1.974348		23.822402
TA JPMorgan Tactical Allocation Service Class		75,496,681.594		1,141,577,447		1,248,715,114		(3)		1,248,715,111		213,240,216		1.356955		15.084454
TA Madison Diversified Income Service Class		11,251,174.487		147,737,325		169,105,153		254		169,105,407		35,589,407		1.582061		16.069146
TA Managed Risk - Balanced ETF Service Class		381,575,397.793		4,467,066,524		5,086,400,053		30		5,086,400,083		911,778,849		1.282442		15.666359
TA Managed Risk - Conservative ETF Service Class		45,174,350.285		547,807,926		576,424,710		(130)		576,424,580		163,346,521		1.227401		14.167821
TA Managed Risk - Growth ETF Service Class		191,418,019.033		1,930,113,389		2,218,534,841		(420)		2,218,534,421		554,160,883		1.504261		17.667184
TA Market Participation Strategy Service Class		30,208,796.887		364,407,104		426,246,124		284		426,246,408		61,507,455		1.803220		20.503256
TA Morgan Stanley Capital Growth Initial Class		18,395,446.205		433,425,956		537,698,893		(547)		537,698,346		65,651,720		6.099751		37.468405
TA Morgan Stanley Capital Growth Service Class		30,240,335.037		787,274,489		834,633,247		165		834,633,412		27,708,124		5.570516		61.457098
TA Morgan Stanley Global Allocation Service Class		66,208,388.247		931,443,389		1,114,949,258		709		1,114,949,967		308,465,105		1.627129		17.484473
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class		27,114,169.743		259,262,411		283,343,074		(142)		283,342,932		23,764,763		10.999331		12.955030
TA MSCI EAFE Index Service Class		4,812,941.394		52,932,739		63,434,568		11		63,434,579		4,875,589		12.257999		13.628209
TA Multi-Managed Balanced Initial Class		5,555,831.757		85,961,142		103,782,937		(226)		103,782,711		27,725,298		2.466115		16.987809
TA Multi-Managed Balanced Service Class		78,261,325.728		1,123,031,597		1,423,573,515		76		1,423,573,591		157,878,316		1.982060		22.773566
TA PIMCO Tactical - Balanced Service Class		40,510,984.773		475,567,440		489,372,696		(120)		489,372,576		105,269,645		1.305918		16.429323
TA PIMCO Tactical - Conservative Service Class		20,428,939.135		236,634,296		238,610,009		(47)		238,609,962		47,693,615		1.218432		15.754950
TA PIMCO Tactical - Growth Service Class		26,444,980.629		301,730,752		316,810,868		221		316,811,089		52,380,478		1.325651		17.556056
TA PIMCO Total Return Initial Class		12,984,955.431		150,230,984		143,873,306		(2,958)		143,870,348		83,873,456		1.143478		11.343985
TA PIMCO Total Return Service Class		60,510,313.590		693,114,795		663,798,140		(116)		663,798,024		232,991,473		1.168477		11.950852
TA PineBridge Inflation Opportunities Service Class		13,054,379.631		136,273,088		150,647,541		(60)		150,647,481		58,881,898		1.050343		11.923103

See accompanying notes. 5

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2021

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
TA ProFunds UltraBear Service Class (OAM)		94,590,775.084	$	11,774,797	$	7,122,685	$	(246,562)	$	6,876,123		1,095,061,422	$	0.005891	$	1.098533
TA Rothschild & Co Large Cap Value Service Class		3,419,690.846		35,088,278		43,772,043		12		43,772,055		5,761,773		1.277228		13.634805
TA S&P 500 Index Service Class		21,671,986.155		315,611,568		442,108,518		145		442,108,663		22,144,759		18.832451		20.936892
TA Small/Mid Cap Value Initial Class		4,477,148.369		86,021,675		109,376,735		82		109,376,817		13,197,822		2.523004		25.089620
TA Small/Mid Cap Value Service Class		8,737,428.017		160,228,767		206,378,050		(99)		206,377,951		21,985,473		2.456326		24.435404
TA T. Rowe Price Small Cap Initial Class		7,054,457.974		112,999,167		134,105,246		(70)		134,105,176		29,162,918		3.256262		31.551347
TA T. Rowe Price Small Cap Service Class		23,976,963.092		362,241,104		416,959,388		264		416,959,652		26,971,176		3.172600		30.746019
TA TS&W International Equity Initial Class		4,953,299.640		66,296,536		79,450,926		(81)		79,450,845		32,805,628		1.364141		16.132326
TA TS&W International Equity Service Class		3,891,116.602		51,506,091		61,790,932		(32)		61,790,900		9,840,797		1.152351		15.713691
TA WMC US Growth Initial Class		12,228,915.016		418,115,108		555,926,477		(278)		555,926,199		126,944,457		3.591428		42.649222
TA WMC US Growth Service Class		8,143,341.789		281,067,909		356,189,770		(268)		356,189,502		24,329,498		3.340229		41.536351
Vanguard® Balanced		573,387.607		15,226,762		16,289,942		(4)		16,289,938		1,267,393		12.617474		13.126954
Vanguard® Capital Growth		32,863.094		1,558,629		1,665,830		-		1,665,830		117,412		14.138797		14.196298
Vanguard® Conservative Allocation		270,398.354		7,671,838		7,733,393		(2)		7,733,391		665,743		11.341485		11.799613
Vanguard® Diversified Value		80,470.593		1,312,008		1,404,212		-		1,404,212		96,561		14.488919		14.547806
Vanguard® Equity Income		32,679.415		843,403		908,815		(1)		908,814		70,548		12.832891		12.885087
Vanguard® Equity Index		151,738.764		7,713,051		9,934,337		7		9,934,344		829,466		3.802392		33.601013
Vanguard® Global Bond Index		14,832.977		315,524		315,942		(1)		315,941		30,326		10.376127		10.418329
Vanguard® Growth		91,192.240		3,333,943		3,489,927		-		3,489,927		207,643		16.742411		16.810466
Vanguard® High Yield Bond		68,642.974		546,949		553,262		1		553,263		50,792		10.851870		10.896014
Vanguard® International		179,091.388		6,756,919		7,109,928		(6)		7,109,922		469,378		2.496001		26.912132
Vanguard® Mid-Cap Index		434,599.857		11,414,781		12,812,004		(9)		12,811,995		525,414		3.206786		29.230345
Vanguard® Moderate Allocation		450,007.726		14,794,684		15,250,762		(2)		15,250,760		1,237,813		12.003159		12.487876
Vanguard® Money Market		4,608,518.800		4,608,519		4,608,519		14		4,608,533		460,735		9.962199		10.002799
Vanguard® Real Estate Index		172,195.362		2,374,093		2,851,555		15		2,851,570		179,084		2.440134		20.924153
Vanguard® Short-Term Investment Grade		707,995.080		7,673,840		7,632,187		20		7,632,207		861,637		1.155126		11.549023
Vanguard® Total Bond Market Index		924,101.242		11,290,443		11,292,517		5		11,292,522		1,159,191		1.252325		11.908810
Vanguard® Total International Stock Market Index		120,037.258		2,893,078		2,908,503		-		2,908,503		240,815		12.030387		12.079319
Vanguard® Total Stock Market Index		171,839.837		8,796,335		9,784,560		5		9,784,565		647,860		15.044540		15.105730
Voya Global Perspectives Class S Shares		2,745.729		29,552		33,168		1		33,169		2,380		13.170077		14.178833
Voya Large Cap Value Class S Shares		110.132		1,204		1,518		-		1,518		89		16.062379		17.020000

See accompanying notes. 6

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2021

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
Voya Strategic Allocation Conservative Class S Shares		-	$	-	$	-	$	-	$	-		-	$	12.841354	$	13.590500
Voya Strategic Allocation Moderate Class S Shares		-		-		-		-		-		-		14.374605		15.213274
Wanger International		8,826.029		240,614		287,905		(2)		287,903		32,978		2.105197		19.449194
Wanger USA		-		-		-		-		-		-		3.547239		29.318136

See accompanying notes. 7

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	AB Balanced Wealth Strategy Class B Shares			AB Growth and Income Class B Shares			AB Large Cap Growth Class B Shares			American Funds - Asset Allocation Class 2 Shares			American Funds - Asset Allocation Class 4 Shares
	Subaccount			Subaccount			Subaccount			Subaccount			Subaccount(1)
Net Assets as of December 31, 2019:	$	97,353,579		$	249,977,608		$	31,230,390		$	819,073,416		$	-
Investment Income:
Reinvested Dividends		1,906,837			2,793,821			-			13,164,731			4,842
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,391,497			3,065,651			473,603			13,062,077			983
Net Investment Income (Loss)		515,340			(271,830	)		(473,603	)		102,654			3,859
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,717,154			11,481,144			2,550,603			3,665,862			-
Realized Gain (Loss) on Investments		(4,444,687	)		(8,433,861	)		3,348,405			10,422,885			100
Net Realized Capital Gains (Losses) on Investments		(1,727,533	)		3,047,283			5,899,008			14,088,747			100
Net Change in Unrealized Appreciation (Depreciation)		7,071,791			(3,272,963	)		3,731,903			64,927,647			18,587
Net Gain (Loss) on Investment		5,344,258			(225,680	)		9,630,911			79,016,394			18,687
Net Increase (Decrease) in Net Assets Resulting from Operations		5,859,598			(497,510	)		9,157,308			79,119,048			22,546
Increase (Decrease) in Net Assets from Contract Transactions		(9,219,585	)		(11,955,400	)		(5,580,956	)		(40,932,652	)		576,455
Total Increase (Decrease) in Net Assets		(3,359,987	)		(12,452,910	)		3,576,352			38,186,396			599,001
Net Assets as of December 31, 2020:	$	93,993,592		$	237,524,698		$	34,806,742		$	857,259,812		$	599,001
Investment Income:
Reinvested Dividends		250,899			1,787,555			-			13,146,049			251,600
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,519,793			3,940,839			537,209			14,454,797			165,530
Net Investment Income (Loss)		(1,268,894	)		(2,153,284	)		(537,209	)		(1,308,748	)		86,070
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,181,021			-			2,657,404			29,297,927			357,681
Realized Gain (Loss) on Investments		(44,141	)		6,871,088			5,036,211			31,160,028			68,333
Net Realized Capital Gains (Losses) on Investments		2,136,880			6,871,088			7,693,615			60,457,955			426,014
Net Change in Unrealized Appreciation (Depreciation)		9,743,516			56,153,055			1,348,284			49,677,818			672,211
Net Gain (Loss) on Investment		11,880,396			63,024,143			9,041,899			110,135,773			1,098,225
Net Increase (Decrease) in Net Assets Resulting from Operations		10,611,502			60,870,859			8,504,690			108,827,025			1,184,295
Increase (Decrease) in Net Assets from Contract Transactions		(6,655,379	)		(20,432,240	)		(8,095,927	)		(94,734,029	)		21,371,744
Total Increase (Decrease) in Net Assets		3,956,123			40,438,619			408,763			14,092,996			22,556,039
Net Assets as of December 31, 2021:	$	97,949,715		$	277,963,317		$	35,215,505		$	871,352,808		$	23,155,040

See Accompanying Notes.
(1)  See Footnote 1	8

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	American Funds - Growth Class 2 Shares			American Funds - Growth Class 4 Shares			American Funds - Growth- Income Class 2 Shares			American Funds - Growth- Income Class 4 Shares			American Funds - International Class 2 Shares
	Subaccount			Subaccount(1)			Subaccount			Subaccount(1)			Subaccount
Net Assets as of December 31, 2019:	$	679,623,629		$	-		$	578,289,945		$	-		$	248,531,886
Investment Income:
Reinvested Dividends		2,576,433			-			8,165,281			7,637			1,573,269
Investment Expense:
Mortality and Expense Risk and Administrative Charges		12,961,867			5,583			9,181,733			3,335			3,755,559
Net Investment Income (Loss)		(10,385,434	)		(5,583	)		(1,016,452	)		4,302			(2,182,290)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		19,010,380			-			15,228,129			-			-
Realized Gain (Loss) on Investments		33,640,787			3,284			3,153,241			518			(2,718,139)
Net Realized Capital Gains (Losses) on Investments		52,651,167			3,284			18,381,370			518			(2,718,139)
Net Change in Unrealized Appreciation (Depreciation)		306,718,267			267,679			53,952,365			87,967			35,938,577
Net Gain (Loss) on Investment		359,369,434			270,963			72,333,735			88,485			33,220,438
Net Increase (Decrease) in Net Assets Resulting from Operations		348,984,000			265,380			71,317,283			92,787			31,038,148
Increase (Decrease) in Net Assets from Contract Transactions		27,357,166			3,274,368			27,158,517			1,549,768			2,590,702
Total Increase (Decrease) in Net Assets		376,341,166			3,539,748			98,475,800			1,642,555			33,628,850
Net Assets as of December 31, 2020:	$	1,055,964,795		$	3,539,748		$	676,765,745		$	1,642,555		$	282,160,736
Investment Income:
Reinvested Dividends		2,395,826			22,384			8,060,702			230,410			6,694,346
Investment Expense:
Mortality and Expense Risk and Administrative Charges		17,850,794			544,680			11,539,595			233,544			4,501,384
Net Investment Income (Loss)		(15,454,968	)		(522,296	)		(3,478,893	)		(3,134	)		2,192,962
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		141,940,975			4,880,283			7,147,170			149,366			-
Realized Gain (Loss) on Investments		75,360,661			194,638			29,364,280			198,998			8,345,310
Net Realized Capital Gains (Losses) on Investments		217,301,636			5,074,921			36,511,450			348,364			8,345,310
Net Change in Unrealized Appreciation (Depreciation)		463,829			2,111,656			111,151,305			2,792,168			(18,670,650)
Net Gain (Loss) on Investment		217,765,465			7,186,577			147,662,755			3,140,532			(10,325,340)
Net Increase (Decrease) in Net Assets Resulting from Operations		202,310,497			6,664,281			144,183,862			3,137,398			(8,132,378)
Increase (Decrease) in Net Assets from Contract Transactions		(108,694,659	)		60,621,620			(66,384,467	)		29,303,677			(11,780,574)
Total Increase (Decrease) in Net Assets		93,615,838			67,285,901			77,799,395			32,441,075			(19,912,952)
Net Assets as of December 31, 2021:	$	1,149,580,633		$	70,825,649		$	754,565,140		$	34,083,630		$	262,247,784

See Accompanying Notes.
(1)  See Footnote 1	9

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	American Funds - International Class 4 Shares			American Funds - New World Class 4 Shares			American Funds - The Bond Fund of America Class 2 Shares			American Funds - The Bond Fund of America Class 4 Shares			BlackRock Basic Value V.I. Class I Shares
	Subaccount(1)			Subaccount(1)			Subaccount			Subaccount(1)			Subaccount
Net Assets as of December 31, 2019:	$	-		$	-		$	230,089,383		$	-		$	20,016,237
Investment Income:
Reinvested Dividends		3,058			-			5,758,767			4,564			416,035
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,800			790			4,339,698			679			261,627
Net Investment Income (Loss)		258			(790	)		1,419,069			3,885			154,408
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			2,550,573			-			432,315
Realized Gain (Loss) on Investments		390			119			4,094,382			(583	)		(399,729)
Net Realized Capital Gains (Losses) on Investments		390			119			6,644,955			(583	)		32,586
Net Change in Unrealized Appreciation (Depreciation)		137,219			31,321			11,583,825			(712	)		84,817
Net Gain (Loss) on Investment		137,609			31,440			18,228,780			(1,295	)		117,403
Net Increase (Decrease) in Net Assets Resulting from Operations		137,867			30,650			19,647,849			2,590			271,811
Increase (Decrease) in Net Assets from Contract Transactions		1,309,523			366,645			35,639,235			464,103			(809,480)
Total Increase (Decrease) in Net Assets		1,447,390			397,295			55,287,084			466,693			(537,669)
Net Assets as of December 31, 2020:	$	1,447,390		$	397,295		$	285,376,467		$	466,693		$	19,478,568
Investment Income:
Reinvested Dividends		360,201			38,810			3,819,270			130,052			244,468
Investment Expense:
Mortality and Expense Risk and Administrative Charges		120,537			52,424			4,449,434			110,920			320,297
Net Investment Income (Loss)		239,664			(13,614	)		(630,164	)		19,132			(75,829)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			113,332			11,104,162			360,153			2,805,492
Realized Gain (Loss) on Investments		43,131			29,228			2,656,006			(100,478	)		(79,349)
Net Realized Capital Gains (Losses) on Investments		43,131			142,560			13,760,168			259,675			2,726,143
Net Change in Unrealized Appreciation (Depreciation)		(959,623	)		(188,373	)		(18,648,501	)		(316,891	)		1,103,558
Net Gain (Loss) on Investment		(916,492	)		(45,813	)		(4,888,333	)		(57,216	)		3,829,701
Net Increase (Decrease) in Net Assets Resulting from Operations		(676,828	)		(59,427	)		(5,518,497	)		(38,084	)		3,753,872
Increase (Decrease) in Net Assets from Contract Transactions		15,147,824			7,205,257			(12,157,582	)		12,013,880			(3,651,860)
Total Increase (Decrease) in Net Assets		14,470,996			7,145,830			(17,676,079	)		11,975,796			102,012
Net Assets as of December 31, 2021:	$	15,918,386		$	7,543,125		$	267,700,388		$	12,442,489		$	19,580,580

See Accompanying Notes.
(1)  See Footnote 1	10

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	BlackRock Global Allocation V.I. Class I Shares			BlackRock High Yield V.I. Class I Shares			DFA VA Equity Allocation		DFA VA Global Bond			DFA VA Global Moderate Allocation
	Subaccount			Subaccount			Subaccount		Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	10,712,286		$	3,651,853		$	-	$	-		$	-
Investment Income:
Reinvested Dividends		135,636			171,276			6,722		34			215
Investment Expense:
Mortality and Expense Risk and Administrative Charges		163,057			47,682			143		142			40
Net Investment Income (Loss)		(27,421	)		123,594			6,579		(108	)		175
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		556,679			-			1,019		-			233
Realized Gain (Loss) on Investments		112,021			(67,348	)		20		9			3
Net Realized Capital Gains (Losses) on Investments		668,700			(67,348	)		1,039		9			236
Net Change in Unrealized Appreciation (Depreciation)		1,282,704			66,114			10,605		478			1,925
Net Gain (Loss) on Investment		1,951,404			(1,234	)		11,644		487			2,161
Net Increase (Decrease) in Net Assets Resulting from Operations		1,923,983			122,360			18,223		379			2,336
Increase (Decrease) in Net Assets from Contract Transactions		(837,407	)		(420,951	)		423,021		126,824			18,426
Total Increase (Decrease) in Net Assets		1,086,576			(298,591	)		441,244		127,203			20,762
Net Assets as of December 31, 2020:	$	11,798,862		$	3,353,262		$	441,244	$	127,203		$	20,762
Investment Income:
Reinvested Dividends		102,688			150,392			15,034		9,455			356
Investment Expense:
Mortality and Expense Risk and Administrative Charges		178,002			49,064			2,464		7,549			262
Net Investment Income (Loss)		(75,314	)		101,328			12,570		1,906			94
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,488,427			8,530			35,408		124			798
Realized Gain (Loss) on Investments		443,359			25,266			13,046		(24	)		(2,371)
Net Realized Capital Gains (Losses) on Investments		1,931,786			33,796			48,454		100			(1,573)
Net Change in Unrealized Appreciation (Depreciation)		(1,273,975	)		(9,071	)		57,082		(22,252	)		1,763
Net Gain (Loss) on Investment		657,811			24,725			105,536		(22,152	)		190
Net Increase (Decrease) in Net Assets Resulting from Operations		582,497			126,053			118,106		(20,246	)		284
Increase (Decrease) in Net Assets from Contract Transactions		(1,728,092	)		(469,764	)		301,243		1,192,975			64,119
Total Increase (Decrease) in Net Assets		(1,145,595	)		(343,711	)		419,349		1,172,729			64,403
Net Assets as of December 31, 2021:	$	10,653,267		$	3,009,551		$	860,593	$	1,299,932		$	85,165

See Accompanying Notes.
(1)  See Footnote 1	11

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	DFA VA International Small Subaccount			DFA VA International Value Subaccount			DFA VA Short-Term Fixed Subaccount			DFA VA U.S. Large Value Subaccount		DFA VA U.S. Targeted Value Subaccount
Net Assets as of December 31, 2019:	$	-		$	-		$	-		$	-	$	-
Investment Income:
Reinvested Dividends		4,566			1,023			337			4,699		1,707
Investment Expense:
Mortality and Expense Risk and Administrative Charges		139			56			179			282		57
Net Investment Income (Loss)		4,427			967			158			4,417		1,650
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		4,022			-			-			-		-
Realized Gain (Loss) on Investments		11			14			132			565		12
Net Realized Capital Gains (Losses) on Investments		4,033			14			132			565		12
Net Change in Unrealized Appreciation (Depreciation)		24,548			7,838			(331	)		29,900		14,577
Net Gain (Loss) on Investment		28,581			7,852			(199	)		30,465		14,589
Net Increase (Decrease) in Net Assets Resulting from Operations		33,008			8,819			(41	)		34,882		16,239
Increase (Decrease) in Net Assets from Contract Transactions		238,336			38,610			92,630			200,079		127,574
Total Increase (Decrease) in Net Assets		271,344			47,429			92,589			234,961		143,813
Net Assets as of December 31, 2020:	$	271,344		$	47,429		$	92,589		$	234,961	$	143,813
Investment Income:
Reinvested Dividends		9,267			12,860			50			9,842		6,552
Investment Expense:
Mortality and Expense Risk and Administrative Charges		958			596			1,331			1,433		937
Net Investment Income (Loss)		8,309			12,264			(1,281	)		8,409		5,615
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		24,995			-			-			-		32,905
Realized Gain (Loss) on Investments		19,180			12,786			(242	)		4,833		12,723
Net Realized Capital Gains (Losses) on Investments		44,175			12,786			(242	)		4,833		45,628
Net Change in Unrealized Appreciation (Depreciation)		(10,436	)		(14,268	)		(1,306	)		69,763		26,312
Net Gain (Loss) on Investment		33,739			(1,482	)		(1,548	)		74,596		71,940
Net Increase (Decrease) in Net Assets Resulting from Operations		42,048			10,782			(2,829	)		83,005		77,555
Increase (Decrease) in Net Assets from Contract Transactions		60,255			298,149			688,357			335,141		296,060
Total Increase (Decrease) in Net Assets		102,303			308,931			685,528			418,146		373,615
Net Assets as of December 31, 2021:	$	373,647		$	356,360		$	778,117		$	653,107	$	517,428

See Accompanying Notes.
(1)  See Footnote 1	12

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Fidelity® VIP Balanced Service Class 2 Subaccount			Fidelity® VIP Consumer Staples Initial Class Subaccount(1)			Fidelity® VIP Contrafund® Initial Class Subaccount			Fidelity® VIP Contrafund® Service Class 2 Subaccount			Fidelity® VIP Energy Service Class 2 Subaccount(1)
Net Assets as of December 31, 2019:	$	457,401,722		$	-		$	208,350		$	671,378,964		$	-
Investment Income:
Reinvested Dividends		5,911,532			-			680			556,792			735
Investment Expense:
Mortality and Expense Risk and Administrative Charges		6,341,605			3			1,978			10,260,996			183
Net Investment Income (Loss)		(430,073	)		(3	)		(1,298	)		(9,704,204	)		552
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		6,627,910			-			1,609			3,799,959			-
Realized Gain (Loss) on Investments		10,909,464			-			32,946			16,802,617			(11)
Net Realized Capital Gains (Losses) on Investments		17,537,374			-			34,555			20,602,576			(11)
Net Change in Unrealized Appreciation (Depreciation)		72,477,696			137			32,245			176,893,917			3,173
Net Gain (Loss) on Investment		90,015,070			137			66,800			197,496,493			3,162
Net Increase (Decrease) in Net Assets Resulting from Operations		89,584,997			134			65,502			187,792,289			3,714
Increase (Decrease) in Net Assets from Contract Transactions		(9,312,365	)		7,350			(5,988	)		(3,897,564	)		35,676
Total Increase (Decrease) in Net Assets		80,272,632			7,484			59,514			183,894,725			39,390
Net Assets as of December 31, 2020:	$	537,674,354		$	7,484		$	267,864		$	855,273,689		$	39,390
Investment Income:
Reinvested Dividends		4,145,965			19,073			118			254,750			55,215
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,784,274			10,908			1,457			13,019,238			24,033
Net Investment Income (Loss)		(3,638,309	)		8,165			(1,339	)		(12,764,488	)		31,182
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		42,330,351			37,479			26,268			116,931,032			-
Realized Gain (Loss) on Investments		27,133,992			19,209			41,658			57,481,724			80,489
Net Realized Capital Gains (Losses) on Investments		69,464,343			56,688			67,926			174,412,756			80,489
Net Change in Unrealized Appreciation (Depreciation)		19,933,365			42,770			(12,512	)		52,764,799			124,804
Net Gain (Loss) on Investment		89,397,708			99,458			55,414			227,177,555			205,293
Net Increase (Decrease) in Net Assets Resulting from Operations		85,759,399			107,623			54,075			214,413,067			236,475
Increase (Decrease) in Net Assets from Contract Transactions		(37,632,615	)		1,577,321			(82,417	)		(75,585,865	)		3,484,342
Total Increase (Decrease) in Net Assets		48,126,784			1,684,944			(28,342	)		138,827,202			3,720,817
Net Assets as of December 31, 2021:	$	585,801,138		$	1,692,428		$	239,522		$	994,100,891		$	3,760,207

See Accompanying Notes.
(1)  See Footnote 1	13

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Fidelity® VIP Equity-Income Initial Class Subaccount			Fidelity® VIP Equity-Income Service Class 2 Subaccount			Fidelity® VIP Growth Initial Class Subaccount			Fidelity® VIP Growth Service Class 2 Subaccount			Fidelity® VIP Growth Opportunities Service Class 2 Subaccount
Net Assets as of December 31, 2019:	$	46,431		$	41,513,921		$	22,321		$	39,103,539		$	3,004,319
Investment Income:
Reinvested Dividends		776			577,026			18			17,473			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		300			537,537			194			634,980			53,442
Net Investment Income (Loss)		476			39,489			(176	)		(617,507	)		(53,442)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,922			1,756,688			2,327			4,031,782			202,964
Realized Gain (Loss) on Investments		280			147,314			650			3,045,880			339,542
Net Realized Capital Gains (Losses) on Investments		2,202			1,904,002			2,977			7,077,662			542,506
Net Change in Unrealized Appreciation (Depreciation)		(87	)		(522,417	)		6,516			8,682,737			1,369,629
Net Gain (Loss) on Investment		2,115			1,381,585			9,493			15,760,399			1,912,135
Net Increase (Decrease) in Net Assets Resulting from Operations		2,591			1,421,074			9,317			15,142,892			1,858,693
Increase (Decrease) in Net Assets from Contract Transactions		(1,725	)		(4,278,811	)		(1,455	)		(4,554,584	)		(378,152)
Total Increase (Decrease) in Net Assets		866			(2,857,737	)		7,862			10,588,308			1,480,541
Net Assets as of December 31, 2020:	$	47,297		$	38,656,184		$	30,183		$	49,691,847		$	4,484,860
Investment Income:
Reinvested Dividends		1,011			622,083			-			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		377			602,413			253			740,239			68,139
Net Investment Income (Loss)		634			19,670			(253	)		(740,239	)		(68,139)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		5,904			4,328,432			6,786			10,229,189			396,695
Realized Gain (Loss) on Investments		689			1,829,553			956			8,521,939			847,300
Net Realized Capital Gains (Losses) on Investments		6,593			6,157,985			7,742			18,751,128			1,243,995
Net Change in Unrealized Appreciation (Depreciation)		3,948			1,993,251			(949	)		(8,522,248	)		(705,431)
Net Gain (Loss) on Investment		10,541			8,151,236			6,793			10,228,880			538,564
Net Increase (Decrease) in Net Assets Resulting from Operations		11,175			8,170,906			6,540			9,488,641			470,425
Increase (Decrease) in Net Assets from Contract Transactions		(2,026	)		(8,591,549	)		(1,775	)		(13,072,946	)		(1,134,968)
Total Increase (Decrease) in Net Assets		9,149			(420,643	)		4,765			(3,584,305	)		(664,543)
Net Assets as of December 31, 2021:	$	56,446		$	38,235,541		$	34,948		$	46,107,542		$	3,820,317

See Accompanying Notes.
(1)  See Footnote 1	14

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Fidelity® VIP Health Care Service Class 2 Subaccount(1)			Fidelity® VIP Mid Cap Initial Class Subaccount			Fidelity® VIP Mid Cap Service Class 2 Subaccount			Fidelity® VIP Technology Initial Class Subaccount(1)			Fidelity® VIP Utilities Initial Class Subaccount(1)
Net Assets as of December 31, 2019:	$	-		$	55,425		$	354,595,211		$	-		$	-
Investment Income:
Reinvested Dividends		762			337			1,311,749			-			260
Investment Expense:
Mortality and Expense Risk and Administrative Charges		740			334			4,641,381			840			29
Net Investment Income (Loss)		22			3			(3,329,632	)		(840	)		231
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,305			-			-			2,212			-
Realized Gain (Loss) on Investments		26			(432	)		(9,089,197	)		110			(1)
Net Realized Capital Gains (Losses) on Investments		2,331			(432	)		(9,089,197	)		2,322			(1)
Net Change in Unrealized Appreciation (Depreciation)		8,364			10,186			68,018,855			23,264			102
Net Gain (Loss) on Investment		10,695			9,754			58,929,658			25,586			101
Net Increase (Decrease) in Net Assets Resulting from Operations		10,717			9,757			55,600,026			24,746			332
Increase (Decrease) in Net Assets from Contract Transactions		248,759			(829	)		(12,486,099	)		644,708			24,509
Total Increase (Decrease) in Net Assets		259,476			8,928			43,113,927			669,454			24,841
Net Assets as of December 31, 2020:	$	259,476		$	64,353		$	397,709,138		$	669,454		$	24,841
Investment Income:
Reinvested Dividends		700			437			1,482,556			-			15,289
Investment Expense:
Mortality and Expense Risk and Administrative Charges		56,098			462			6,180,507			139,286			7,789
Net Investment Income (Loss)		(55,398	)		(25	)		(4,697,951	)		(139,286	)		7,500
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		84,628			11,426			67,148,006			671,849			-
Realized Gain (Loss) on Investments		7,425			1,269			22,787,344			109,849			2,459
Net Realized Capital Gains (Losses) on Investments		92,053			12,695			89,935,350			781,698			2,459
Net Change in Unrealized Appreciation (Depreciation)		207,113			2,809			4,895,162			1,486,667			90,059
Net Gain (Loss) on Investment		299,166			15,504			94,830,512			2,268,365			92,518
Net Increase (Decrease) in Net Assets Resulting from Operations		243,768			15,479			90,132,561			2,129,079			100,018
Increase (Decrease) in Net Assets from Contract Transactions		6,877,897			(3,351	)		(58,265,097	)		13,656,932			1,005,258
Total Increase (Decrease) in Net Assets		7,121,665			12,128			31,867,464			15,786,011			1,105,276
Net Assets as of December 31, 2021:	$	7,381,141		$	76,481		$	429,576,602		$	16,455,465		$	1,130,117

See Accompanying Notes.
(1)  See Footnote 1	15

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Fidelity® VIP Value Strategies Initial Class Subaccount			Fidelity® VIP Value Strategies Service Class 2 Subaccount			Franklin Allocation Class 4 Shares Subaccount			Franklin Income Class 2 Shares Subaccount			Franklin Mutual Shares Class 2 Shares Subaccount
Net Assets as of December 31, 2019:	$	341,053		$	167,567,384		$	73,995,819		$	57,808,661		$	13,710,436
Investment Income:
Reinvested Dividends		2,900			1,518,002			911,797			2,858,821			295,699
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,631			2,017,532			1,116,918			718,652			159,404
Net Investment Income (Loss)		1,269			(499,530	)		(205,121	)		2,140,169			136,295
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		16,152			7,933,253			17,569,447			40,494			411,102
Realized Gain (Loss) on Investments		(31,095	)		(10,839,242	)		(3,066,992	)		(409,582	)		(100,832)
Net Realized Capital Gains (Losses) on Investments		(14,943	)		(2,905,989	)		14,502,455			(369,088	)		310,270
Net Change in Unrealized Appreciation (Depreciation)		14,336			13,101,318			(8,143,456	)		(2,961,837	)		(1,536,703)
Net Gain (Loss) on Investment		(607	)		10,195,329			6,358,999			(3,330,925	)		(1,226,433)
Net Increase (Decrease) in Net Assets Resulting from Operations		662			9,695,799			6,153,878			(1,190,756	)		(1,090,138)
Increase (Decrease) in Net Assets from Contract Transactions		(101,724	)		(1,052,466	)		(10,575,215	)		(8,091,837	)		(1,434,988)
Total Increase (Decrease) in Net Assets		(101,062	)		8,643,333			(4,421,337	)		(9,282,593	)		(2,525,126)
Net Assets as of December 31, 2020:	$	239,991		$	176,210,717		$	69,574,482		$	48,526,068		$	11,185,310
Investment Income:
Reinvested Dividends		5,948			2,839,374			1,081,032			2,309,326			330,160
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,318			3,208,262			1,128,651			715,688			174,165
Net Investment Income (Loss)		3,630			(368,888	)		(47,619	)		1,593,638			155,995
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		34,203			19,064,171			-			-			-
Realized Gain (Loss) on Investments		9,935			12,883,862			(2,694,273	)		756,177			195,220
Net Realized Capital Gains (Losses) on Investments		44,138			31,948,033			(2,694,273	)		756,177			195,220
Net Change in Unrealized Appreciation (Depreciation)		41,037			25,873,922			9,070,673			4,448,559			1,524,221
Net Gain (Loss) on Investment		85,175			57,821,955			6,376,400			5,204,736			1,719,441
Net Increase (Decrease) in Net Assets Resulting from Operations		88,805			57,453,067			6,328,781			6,798,374			1,875,436
Increase (Decrease) in Net Assets from Contract Transactions		116,957			9,879,567			(10,267,507	)		(8,685,416	)		(2,166,124)
Total Increase (Decrease) in Net Assets		205,762			67,332,634			(3,938,726	)		(1,887,042	)		(290,688)
Net Assets as of December 31, 2021:	$	445,753		$	243,543,351		$	65,635,756		$	46,639,026		$	10,894,622

See Accompanying Notes.
(1)  See Footnote 1	16

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Franklin Templeton Foreign Class 2 Shares Subaccount			Invesco V.I. American Franchise Series II Shares Subaccount			Janus Henderson - Enterprise Service Shares Subaccount			Janus Henderson - Global Research Service Shares Subaccount			Janus Henderson - Mid Cap Value Service Shares Subaccount
Net Assets as of December 31, 2019:	$	22,067,192		$	6,803,867		$	22,867,967		$	25,159,601		$	3,137,143
Investment Income:
Reinvested Dividends		587,580			-			9,336			148,116			27,994
Investment Expense:
Mortality and Expense Risk and Administrative Charges		265,192			109,977			310,952			348,033			37,990
Net Investment Income (Loss)		322,388			(109,977	)		(301,616	)		(199,917	)		(9,996)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			565,270			1,584,588			1,256,061			53,015
Realized Gain (Loss) on Investments		(513,728	)		396,729			1,842,226			1,745,944			(22,486)
Net Realized Capital Gains (Losses) on Investments		(513,728	)		961,999			3,426,814			3,002,005			30,529
Net Change in Unrealized Appreciation (Depreciation)		(810,806	)		1,701,288			351,580			1,161,277			(120,338)
Net Gain (Loss) on Investment		(1,324,534	)		2,663,287			3,778,394			4,163,282			(89,809)
Net Increase (Decrease) in Net Assets Resulting from Operations		(1,002,146	)		2,553,310			3,476,778			3,963,365			(99,805)
Increase (Decrease) in Net Assets from Contract Transactions		(2,731,109	)		(723,179	)		(2,882,010	)		(3,157,721	)		(158,140)
Total Increase (Decrease) in Net Assets		(3,733,255	)		1,830,131			594,768			805,644			(257,945)
Net Assets as of December 31, 2020:	$	18,333,937		$	8,633,998		$	23,462,735		$	25,965,245		$	2,879,198
Investment Income:
Reinvested Dividends		332,552			-			56,662			90,208			8,471
Investment Expense:
Mortality and Expense Risk and Administrative Charges		269,814			128,874			347,763			384,137			43,692
Net Investment Income (Loss)		62,738			(128,874	)		(291,101	)		(293,929	)		(35,221)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			962,484			2,137,420			1,264,001			-
Realized Gain (Loss) on Investments		119,586			1,082,150			3,094,224			3,913,004			38,895
Net Realized Capital Gains (Losses) on Investments		119,586			2,044,634			5,231,644			5,177,005			38,895
Net Change in Unrealized Appreciation (Depreciation)		418,499			(1,086,048	)		(1,748,105	)		(1,023,049	)		481,402
Net Gain (Loss) on Investment		538,085			958,586			3,483,539			4,153,956			520,297
Net Increase (Decrease) in Net Assets Resulting from Operations		600,823			829,712			3,192,438			3,860,027			485,076
Increase (Decrease) in Net Assets from Contract Transactions		(3,886,922	)		(1,716,731	)		(5,175,391	)		(6,204,658	)		(480,351)
Total Increase (Decrease) in Net Assets		(3,286,099	)		(887,019	)		(1,982,953	)		(2,344,631	)		4,725
Net Assets as of December 31, 2021:	$	15,047,838		$	7,746,979		$	21,479,782		$	23,620,614		$	2,883,923

See Accompanying Notes.
(1)  See Footnote 1	17

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	MFS® New Discovery Service Class Subaccount			MFS® Total Return Service Class Subaccount			NVIT Emerging Markets Class D Shares Subaccount			State Street Total Return V.I.S. Class 3 Shares Subaccount			TA 60/40 Allocation Service Class Subaccount
Net Assets as of December 31, 2019:	$	44,689,857		$	41,580,126		$	21,048		$	52,200,791		$	25,139,161
Investment Income:
Reinvested Dividends		-			786,877			314			783,949			196,155
Investment Expense:
Mortality and Expense Risk and Administrative Charges		656,447			564,880			93			738,000			376,606
Net Investment Income (Loss)		(656,447	)		221,997			221			45,949			(180,451)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		4,645,211			1,024,705			-			-			106,525
Realized Gain (Loss) on Investments		1,079,263			1,209,663			59			(2,788,236	)		530,834
Net Realized Capital Gains (Losses) on Investments		5,724,474			2,234,368			59			(2,788,236	)		637,359
Net Change in Unrealized Appreciation (Depreciation)		11,667,612			312,614			2,262			4,535,993			3,622,120
Net Gain (Loss) on Investment		17,392,086			2,546,982			2,321			1,747,757			4,259,479
Net Increase (Decrease) in Net Assets Resulting from Operations		16,735,639			2,768,979			2,542			1,793,706			4,079,028
Increase (Decrease) in Net Assets from Contract Transactions		(7,073,854	)		(4,544,168	)		(260	)		(3,841,876	)		12,338,559
Total Increase (Decrease) in Net Assets		9,661,785			(1,775,189	)		2,282			(2,048,170	)		16,417,587
Net Assets as of December 31, 2020:	$	54,351,642		$	39,804,937		$	23,330		$	50,152,621		$	41,556,748
Investment Income:
Reinvested Dividends		-			639,706			223			1,004,801			429,183
Investment Expense:
Mortality and Expense Risk and Administrative Charges		787,327			589,825			111			843,361			560,358
Net Investment Income (Loss)		(787,327	)		49,881			112			161,440			(131,175)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		9,218,003			1,940,284			-			7,106,335			1,323,839
Realized Gain (Loss) on Investments		3,913,096			2,915,585			788			(270,046	)		1,469,038
Net Realized Capital Gains (Losses) on Investments		13,131,099			4,855,869			788			6,836,289			2,792,877
Net Change in Unrealized Appreciation (Depreciation)		(11,701,699	)		(288,609	)		(2,595	)		(1,251,515	)		2,727,038
Net Gain (Loss) on Investment		1,429,400			4,567,260			(1,807	)		5,584,774			5,519,915
Net Increase (Decrease) in Net Assets Resulting from Operations		642,073			4,617,141			(1,695	)		5,746,214			5,388,740
Increase (Decrease) in Net Assets from Contract Transactions		(11,034,608	)		(7,672,569	)		(2,424	)		(1,021,216	)		5,368,531
Total Increase (Decrease) in Net Assets		(10,392,535	)		(3,055,428	)		(4,119	)		4,724,998			10,757,271
Net Assets as of December 31, 2021:	$	43,959,107		$	36,749,509		$	19,211		$	54,877,619		$	52,314,019

See Accompanying Notes.
(1)  See Footnote 1	18

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA Aegon High Yield Bond Initial Class Subaccount			TA Aegon High Yield Bond Service Class Subaccount			TA Aegon Sustainable Equity Income Initial Class Subaccount			TA Aegon Sustainable Equity Income Service Class Subaccount			TA Aegon U.S. Government Securities Initial Class Subaccount
Net Assets as of December 31, 2019:	$	72,383,047		$	155,487,204		$	323,795,182		$	163,985,604		$	63,019,860
Investment Income:
Reinvested Dividends		4,033,007			8,386,710			7,633,781			3,646,322			1,278,626
Investment Expense:
Mortality and Expense Risk and Administrative Charges		961,202			1,937,134			3,765,119			1,835,190			1,169,354
Net Investment Income (Loss)		3,071,805			6,449,576			3,868,662			1,811,132			109,272
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			30,847,109			16,265,801			93,574
Realized Gain (Loss) on Investments		(1,430,214	)		(4,638,631	)		7,637,375			(5,999,602	)		(37,627)
Net Realized Capital Gains (Losses) on Investments		(1,430,214	)		(4,638,631	)		38,484,484			10,266,199			55,947
Net Change in Unrealized Appreciation (Depreciation)		22,967			1,249,404			(73,940,249	)		(27,537,740	)		4,590,861
Net Gain (Loss) on Investment		(1,407,247	)		(3,389,227	)		(35,455,765	)		(17,271,541	)		4,646,808
Net Increase (Decrease) in Net Assets Resulting from Operations		1,664,558			3,060,349			(31,587,103	)		(15,460,409	)		4,756,080
Increase (Decrease) in Net Assets from Contract Transactions		(5,075,763	)		(8,476,960	)		(33,819,654	)		(9,469,542	)		13,032,275
Total Increase (Decrease) in Net Assets		(3,411,205	)		(5,416,611	)		(65,406,757	)		(24,929,951	)		17,788,355
Net Assets as of December 31, 2020:	$	68,971,842		$	150,070,593		$	258,388,425		$	139,055,653		$	80,808,215
Investment Income:
Reinvested Dividends		3,487,120			7,478,036			5,671,731			2,763,715			1,490,827
Investment Expense:
Mortality and Expense Risk and Administrative Charges		992,459			2,077,989			3,966,657			2,039,318			1,119,445
Net Investment Income (Loss)		2,494,661			5,400,047			1,705,074			724,397			371,382
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-			4,785,228
Realized Gain (Loss) on Investments		225,453			(314,663	)		17,575,088			(2,278,738	)		(413,359)
Net Realized Capital Gains (Losses) on Investments		225,453			(314,663	)		17,575,088			(2,278,738	)		4,371,869
Net Change in Unrealized Appreciation (Depreciation)		453,007			2,013,911			30,763,061			28,761,532			(7,828,956)
Net Gain (Loss) on Investment		678,460			1,699,248			48,338,149			26,482,794			(3,457,087)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,173,121			7,099,295			50,043,223			27,207,191			(3,085,705)
Increase (Decrease) in Net Assets from Contract Transactions		(14,161,797	)		(6,769,722	)		(58,807,437	)		(18,244,334	)		(14,176,576)
Total Increase (Decrease) in Net Assets		(10,988,676	)		329,573			(8,764,214	)		8,962,857			(17,262,281)
Net Assets as of December 31, 2021:	$	57,983,166		$	150,400,166		$	249,624,211		$	148,018,510		$	63,545,934

See Accompanying Notes.
(1)  See Footnote 1	19

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA Aegon U.S. Government Securities Service Class Subaccount			TA American Funds Managed Risk - Balanced Service Class Subaccount			TA BlackRock Global Real Estate Securities Initial Class Subaccount			TA BlackRock Global Real Estate Securities Service Class Subaccount			TA BlackRock Government Money Market Initial Class Subaccount
Net Assets as of December 31, 2019:	$	191,285,315		$	940,541,090		$	42,084,933		$	86,036,786		$	88,719,890
Investment Income:
Reinvested Dividends		4,590,467			11,308,461			4,222,245			8,736,879			251,478
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,437,336			12,200,988			512,697			1,046,620			1,704,181
Net Investment Income (Loss)		153,131			(892,527	)		3,709,548			7,690,259			(1,452,703)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		379,663			28,332,214			2,505,271			5,301,300			-
Realized Gain (Loss) on Investments		11,163,946			10,588,863			(427,847	)		(2,614,285	)		(1)
Net Realized Capital Gains (Losses) on Investments		11,543,609			38,921,077			2,077,424			2,687,015			(1)
Net Change in Unrealized Appreciation (Depreciation)		6,628,567			(8,246,467	)		(6,936,654	)		(12,745,741	)		1
Net Gain (Loss) on Investment		18,172,176			30,674,610			(4,859,230	)		(10,058,726	)		-
Net Increase (Decrease) in Net Assets Resulting from Operations		18,325,307			29,782,083			(1,149,682	)		(2,368,467	)		(1,452,703)
Increase (Decrease) in Net Assets from Contract Transactions		63,888,684			10,710,837			(4,403,030	)		(1,901,445	)		38,724,102
Total Increase (Decrease) in Net Assets		82,213,991			40,492,920			(5,552,712	)		(4,269,912	)		37,271,399
Net Assets as of December 31, 2020:	$	273,499,306		$	981,034,010		$	36,532,221		$	81,766,874		$	125,991,289
Investment Income:
Reinvested Dividends		3,524,237			8,885,453			1,008,326			1,932,707			3,895
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,994,121			13,201,482			585,349			1,242,266			1,948,751
Net Investment Income (Loss)		530,116			(4,316,029	)		422,977			690,441			(1,944,856)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		13,985,991			-			-			-			-
Realized Gain (Loss) on Investments		(1,721,976	)		22,780,643			(277,791	)		(297,738	)		-
Net Realized Capital Gains (Losses) on Investments		12,264,015			22,780,643			(277,791	)		(297,738	)		-
Net Change in Unrealized Appreciation (Depreciation)		(22,472,975	)		92,236,652			8,290,006			18,781,262			-
Net Gain (Loss) on Investment		(10,208,960	)		115,017,295			8,012,215			18,483,524			-
Net Increase (Decrease) in Net Assets Resulting from Operations		(9,678,844	)		110,701,266			8,435,192			19,173,965			(1,944,856)
Increase (Decrease) in Net Assets from Contract Transactions		(70,284,030	)		(64,774,913	)		(7,385,756	)		(4,894,913	)		(22,648,258)
Total Increase (Decrease) in Net Assets		(79,962,874	)		45,926,353			1,049,436			14,279,052			(24,593,114)
Net Assets as of December 31, 2021:	$	193,536,432		$	1,026,960,363		$	37,581,657		$	96,045,926		$	101,398,175

See Accompanying Notes.
(1)  See Footnote 1	20

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA BlackRock Government Money Market Service Class			TA BlackRock iShares Active Asset Allocation - Conservative Service Class			TA BlackRock iShares Active Asset Allocation - Moderate Service Class			TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	348,881,228		$	339,344,934		$	1,331,045,066		$	522,009,134
Investment Income:
Reinvested Dividends		914,430			6,183,462			22,973,150			8,144,040
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,050,792			4,035,146			15,837,706			6,024,506
Net Investment Income (Loss)		(6,136,362	)		2,148,316			7,135,444			2,119,534
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			4,565,629			22,736,424			8,948,135
Realized Gain (Loss) on Investments		-			183,522			(4,394,738	)		(6,047,735)
Net Realized Capital Gains (Losses) on Investments		-			4,749,151			18,341,686			2,900,400
Net Change in Unrealized Appreciation (Depreciation)		-			8,611,726			(6,695,177	)		(25,427,833)
Net Gain (Loss) on Investment		-			13,360,877			11,646,509			(22,527,433)
Net Increase (Decrease) in Net Assets Resulting from Operations		(6,136,362	)		15,509,193			18,781,953			(20,407,899)
Increase (Decrease) in Net Assets from Contract Transactions		270,997,333			(38,740,125	)		(115,217,731	)		(58,435,409)
Total Increase (Decrease) in Net Assets		264,860,971			(23,230,932	)		(96,435,778	)		(78,843,308)
Net Assets as of December 31, 2020:	$	613,742,199		$	316,114,002		$	1,234,609,288		$	443,165,826
Investment Income:
Reinvested Dividends		18,977			3,272,782			10,529,533			2,272,992
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,449,393			3,870,366			15,586,626			5,719,937
Net Investment Income (Loss)		(7,430,416	)		(597,584	)		(5,057,093	)		(3,446,945)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			4,796,769			-			-
Realized Gain (Loss) on Investments		-			2,978,015			7,534,844			(1,711,690)
Net Realized Capital Gains (Losses) on Investments		-			7,774,784			7,534,844			(1,711,690)
Net Change in Unrealized Appreciation (Depreciation)		-			6,053,604			78,425,287			30,573,794
Net Gain (Loss) on Investment		-			13,828,388			85,960,131			28,862,104
Net Increase (Decrease) in Net Assets Resulting from Operations		(7,430,416	)		13,230,804			80,903,038			25,415,159
Increase (Decrease) in Net Assets from Contract Transactions		(103,215,225	)		(34,198,769	)		(145,459,216	)		(53,513,607)
Total Increase (Decrease) in Net Assets		(110,645,641	)		(20,967,965	)		(64,556,178	)		(28,098,448)
Net Assets as of December 31, 2021:	$	503,096,558		$	295,146,037		$	1,170,053,110		$	415,067,378

See Accompanying Notes.
(1)  See Footnote 1	21

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA BlackRock iShares Dynamic Allocation - Balanced Service Class			TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class			TA BlackRock iShares Edge 100 Service Class			TA BlackRock iShares Edge 40 Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	1,048,148,666		$	447,785,619		$	49,637,017		$	17,996,551
Investment Income:
Reinvested Dividends		16,083,619			6,475,530			837,810			459,536
Investment Expense:
Mortality and Expense Risk and Administrative Charges		12,542,376			5,443,302			593,869			278,073
Net Investment Income (Loss)		3,541,243			1,032,228			243,941			181,463
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		12,130,147			4,353,012			998,501			130,568
Realized Gain (Loss) on Investments		6,811,804			1,321,801			1,764,522			55,390
Net Realized Capital Gains (Losses) on Investments		18,941,951			5,674,813			2,763,023			185,958
Net Change in Unrealized Appreciation (Depreciation)		(42,906,483	)		(22,720,448	)		2,109,863			1,167,465
Net Gain (Loss) on Investment		(23,964,532	)		(17,045,635	)		4,872,886			1,353,423
Net Increase (Decrease) in Net Assets Resulting from Operations		(20,423,289	)		(16,013,407	)		5,116,827			1,534,886
Increase (Decrease) in Net Assets from Contract Transactions		(63,319,757	)		(30,653,842	)		5,225,145			1,045,984
Total Increase (Decrease) in Net Assets		(83,743,046	)		(46,667,249	)		10,341,972			2,580,870
Net Assets as of December 31, 2020:	$	964,405,620		$	401,118,370		$	59,978,989		$	20,577,421
Investment Income:
Reinvested Dividends		5,315,999			1,151,111			622,171			357,744
Investment Expense:
Mortality and Expense Risk and Administrative Charges		12,262,817			5,429,843			781,182			303,891
Net Investment Income (Loss)		(6,946,818	)		(4,278,732	)		(159,011	)		53,853
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		89,064,536			35,841,158			1,540,465			397,450
Realized Gain (Loss) on Investments		6,028,497			3,658,287			1,688,893			351,270
Net Realized Capital Gains (Losses) on Investments		95,093,033			39,499,445			3,229,358			748,720
Net Change in Unrealized Appreciation (Depreciation)		(17,211,512	)		13,824,604			7,124,454			90,130
Net Gain (Loss) on Investment		77,881,521			53,324,049			10,353,812			838,850
Net Increase (Decrease) in Net Assets Resulting from Operations		70,934,703			49,045,317			10,194,801			892,703
Increase (Decrease) in Net Assets from Contract Transactions		(99,856,220	)		(44,934,194	)		1,068,686			(2,765,387)
Total Increase (Decrease) in Net Assets		(28,921,517	)		4,111,123			11,263,487			(1,872,684)
Net Assets as of December 31, 2021:	$	935,484,103		$	405,229,493		$	71,242,476		$	18,704,737

See Accompanying Notes.
(1)   See Footnote 1	22

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA BlackRock iShares Edge 40 Service Class			TA BlackRock iShares Edge 50 Service Class			TA BlackRock iShares Edge 75 Service Class			TA BlackRock Tactical Allocation Service Class			TA Goldman Sachs 70/30 Service Class
	Subaccount			Subaccount			Subaccount			Subaccount			Subaccount(1)
Net Assets as of December 31, 2019:	$	292,492,929		$	301,321,199		$	117,927,147		$	1,256,854,629		$	-
Investment Income:
Reinvested Dividends		6,293,950			4,633,950			1,943,502			20,593,638			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,857,833			4,278,597			1,748,789			16,432,314			12
Net Investment Income (Loss)		2,436,117			355,353			194,713			4,161,324			(12)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,991,340			1,281,981			776,096			65,505,524			-
Realized Gain (Loss) on Investments		1,804,197			3,655,756			2,120,980			6,723,992			-
Net Realized Capital Gains (Losses) on Investments		3,795,537			4,937,737			2,897,076			72,229,516			-
Net Change in Unrealized Appreciation (Depreciation)		15,279,966			29,660,642			11,366,928			53,469,861			323
Net Gain (Loss) on Investment		19,075,503			34,598,379			14,264,004			125,699,377			323
Net Increase (Decrease) in Net Assets Resulting from Operations		21,511,620			34,953,732			14,458,717			129,860,701			311
Increase (Decrease) in Net Assets from Contract Transactions		(19,545,677	)		112,148,808			33,385,298			(144,616,780	)		20,000
Total Increase (Decrease) in Net Assets		1,965,943			147,102,540			47,844,015			(14,756,079	)		20,311
Net Assets as of December 31, 2020:	$	294,458,872		$	448,423,739		$	165,771,162		$	1,242,098,550		$	20,311
Investment Income:
Reinvested Dividends		4,383,173			5,378,081			1,891,321			29,467,319			12,822
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,862,543			5,529,146			2,210,501			16,551,426			13,362
Net Investment Income (Loss)		520,630			(151,065	)		(319,180	)		12,915,893			(540)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		5,647,817			6,488,844			3,640,765			39,500,191			23,566
Realized Gain (Loss) on Investments		4,489,631			6,582,702			6,692,210			15,266,371			2,864
Net Realized Capital Gains (Losses) on Investments		10,137,448			13,071,546			10,332,975			54,766,562			26,430
Net Change in Unrealized Appreciation (Depreciation)		1,597,423			16,985,768			9,233,682			4,671,439			96,878
Net Gain (Loss) on Investment		11,734,871			30,057,314			19,566,657			59,438,001			123,308
Net Increase (Decrease) in Net Assets Resulting from Operations		12,255,501			29,906,249			19,247,477			72,353,894			122,768
Increase (Decrease) in Net Assets from Contract Transactions		(27,914,537	)		16,748,296			(2,860,124	)		(161,303,474	)		1,679,600
Total Increase (Decrease) in Net Assets		(15,659,036	)		46,654,545			16,387,353			(88,949,580	)		1,802,368
Net Assets as of December 31, 2021:	$	278,799,836		$	495,078,284		$	182,158,515		$	1,153,148,970		$	1,822,679

See Accompanying Notes.
(1)   See Footnote 1	23

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA International Focus Initial Class			TA International Focus Service Class			TA Janus Balanced Service Class			TA Janus Mid-Cap Growth Initial Class			TA Janus Mid-Cap Growth Service Class
	Subaccount			Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	82,908,303		$	101,695,343		$	998,779,258		$	87,346,650		$	146,913,356
Investment Income:
Reinvested Dividends		1,739,788			2,035,475			14,997,747			179,371			62,636
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,138,931			1,293,992			13,465,847			1,178,138			2,053,174
Net Investment Income (Loss)		600,857			741,483			1,531,900			(998,767	)		(1,990,538)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			41,399,550			6,423,632			13,550,166
Realized Gain (Loss) on Investments		1,080,366			(1,407,611	)		27,238,228			1,386,709			5,550,821
Net Realized Capital Gains (Losses) on Investments		1,080,366			(1,407,611	)		68,637,778			7,810,341			19,100,987
Net Change in Unrealized Appreciation (Depreciation)		12,232,404			18,543,979			52,949,026			6,031,453			12,448,779
Net Gain (Loss) on Investment		13,312,770			17,136,368			121,586,804			13,841,794			31,549,766
Net Increase (Decrease) in Net Assets Resulting from Operations		13,913,627			17,877,851			123,118,704			12,843,027			29,559,228
Increase (Decrease) in Net Assets from Contract Transactions		(8,945,551	)		(4,365,559	)		(36,874,495	)		(9,251,104	)		18,808,403
Total Increase (Decrease) in Net Assets		4,968,076			13,512,292			86,244,209			3,591,923			48,367,631
Net Assets as of December 31, 2020:	$	87,876,379		$	115,207,635		$	1,085,023,467		$	90,938,573		$	195,280,987
Investment Income:
Reinvested Dividends		1,086,968			1,238,668			12,400,846			248,816			207,124
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,303,768			1,583,334			14,984,758			1,372,494			2,770,747
Net Investment Income (Loss)		(216,800	)		(344,666	)		(2,583,912	)		(1,123,678	)		(2,563,623)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			46,966,099			11,239,465			27,229,440
Realized Gain (Loss) on Investments		4,640,077			3,896,291			47,013,056			9,460,216			10,359,748
Net Realized Capital Gains (Losses) on Investments		4,640,077			3,896,291			93,979,155			20,699,681			37,589,188
Net Change in Unrealized Appreciation (Depreciation)		3,291,950			6,828,632			52,951,201			(6,336,411	)		(5,311,165)
Net Gain (Loss) on Investment		7,932,027			10,724,923			146,930,356			14,363,270			32,278,023
Net Increase (Decrease) in Net Assets Resulting from Operations		7,715,227			10,380,257			144,346,444			13,239,592			29,714,400
Increase (Decrease) in Net Assets from Contract Transactions		(16,845,179	)		(1,735,556	)		(97,020,497	)		(21,574,802	)		(7,135,649)
Total Increase (Decrease) in Net Assets		(9,129,952	)		8,644,701			47,325,947			(8,335,210	)		22,578,751
Net Assets as of December 31, 2021:	$	78,746,427		$	123,852,336		$	1,132,349,414		$	82,603,363		$	217,859,738

See Accompanying Notes.
(1)   See Footnote 1	24

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA JPMorgan Asset Allocation - Conservative Initial Class			TA JPMorgan Asset Allocation - Conservative Service Class			TA JPMorgan Asset Allocation - Growth Initial Class			TA JPMorgan Asset Allocation - Growth Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	156,640,797		$	995,998,146		$	276,399,883		$	223,490,179
Investment Income:
Reinvested Dividends		3,953,907			21,303,097			4,511,753			3,210,259
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,435,881			12,605,038			4,068,908			2,912,440
Net Investment Income (Loss)		1,518,026			8,698,059			442,845			297,819
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		3,904,428			23,357,666			21,174,574			17,464,987
Realized Gain (Loss) on Investments		(309,806	)		(274,189	)		8,771,611			3,837,721
Net Realized Capital Gains (Losses) on Investments		3,594,622			23,083,477			29,946,185			21,302,708
Net Change in Unrealized Appreciation (Depreciation)		10,515,449			55,717,868			28,057,173			26,294,401
Net Gain (Loss) on Investment		14,110,071			78,801,345			58,003,358			47,597,109
Net Increase (Decrease) in Net Assets Resulting from Operations		15,628,097			87,499,404			58,446,203			47,894,928
Increase (Decrease) in Net Assets from Contract Transactions		(4,716,711	)		(97,446,659	)		(18,899,856	)		(15,204,123)
Total Increase (Decrease) in Net Assets		10,911,386			(9,947,255	)		39,546,347			32,690,805
Net Assets as of December 31, 2020:	$	167,552,183		$	986,050,891		$	315,946,230		$	256,180,984
Investment Income:
Reinvested Dividends		4,105,157			21,132,167			5,503,429			4,094,067
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,580,901			12,977,842			5,047,027			3,717,092
Net Investment Income (Loss)		1,524,256			8,154,325			456,402			376,975
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,627,704			15,036,667			20,104,572			16,913,962
Realized Gain (Loss) on Investments		4,866,052			13,476,720			37,767,967			11,932,706
Net Realized Capital Gains (Losses) on Investments		7,493,756			28,513,387			57,872,539			28,846,668
Net Change in Unrealized Appreciation (Depreciation)		(1,924,960	)		4,019,732			(4,822,118	)		15,286,089
Net Gain (Loss) on Investment		5,568,796			32,533,119			53,050,421			44,132,757
Net Increase (Decrease) in Net Assets Resulting from Operations		7,093,052			40,687,444			53,506,823			44,509,732
Increase (Decrease) in Net Assets from Contract Transactions		(26,498,112	)		(98,889,364	)		(77,693,679	)		(23,352,042)
Total Increase (Decrease) in Net Assets		(19,405,060	)		(58,201,920	)		(24,186,856	)		21,157,690
Net Assets as of December 31, 2021:	$	148,147,123		$	927,848,971		$	291,759,374		$	277,338,674

See Accompanying Notes.
(1)  See Footnote 1	25

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA JPMorgan Asset Allocation - Moderate Initial Class			TA JPMorgan Asset Allocation - Moderate Service Class			TA JPMorgan Asset Allocation - Moderate Growth Initial Class			TA JPMorgan Asset Allocation - Moderate Growth Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	374,973,973		$	5,681,558,353		$	494,980,786		$	3,277,444,014
Investment Income:
Reinvested Dividends		7,800,885			112,096,787			9,547,619			55,077,875
Investment Expense:
Mortality and Expense Risk and Administrative Charges		5,451,820			71,570,847			7,172,173			43,185,837
Net Investment Income (Loss)		2,349,065			40,525,940			2,375,446			11,892,038
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		10,756,700			172,794,247			24,082,801			159,257,142
Realized Gain (Loss) on Investments		5,657,108			24,679,988			5,389,502			16,559,455
Net Realized Capital Gains (Losses) on Investments		16,413,808			197,474,235			29,472,303			175,816,597
Net Change in Unrealized Appreciation (Depreciation)		18,560,769			367,396,053			28,437,579			190,092,382
Net Gain (Loss) on Investment		34,974,577			564,870,288			57,909,882			365,908,979
Net Increase (Decrease) in Net Assets Resulting from Operations		37,323,642			605,396,228			60,285,328			377,801,017
Increase (Decrease) in Net Assets from Contract Transactions		(26,100,100	)		(137,417,836	)		(28,923,362	)		(318,448,359)
Total Increase (Decrease) in Net Assets		11,223,542			467,978,392			31,361,966			59,352,658
Net Assets as of December 31, 2020:	$	386,197,515		$	6,149,536,745		$	526,342,752		$	3,336,796,672
Investment Income:
Reinvested Dividends		7,234,191			105,688,632			11,529,339			65,699,941
Investment Expense:
Mortality and Expense Risk and Administrative Charges		5,863,212			79,392,235			8,152,369			47,979,324
Net Investment Income (Loss)		1,370,979			26,296,397			3,376,970			17,720,617
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,419,780			40,020,269			13,233,708			84,143,672
Realized Gain (Loss) on Investments		22,524,567			101,611,335			30,241,338			96,764,040
Net Realized Capital Gains (Losses) on Investments		24,944,347			141,631,604			43,475,046			180,907,712
Net Change in Unrealized Appreciation (Depreciation)		1,703,944			286,542,696			14,586,774			188,508,263
Net Gain (Loss) on Investment		26,648,291			428,174,300			58,061,820			369,415,975
Net Increase (Decrease) in Net Assets Resulting from Operations		28,019,270			454,470,697			61,438,790			387,136,592
Increase (Decrease) in Net Assets from Contract Transactions		(75,495,701	)		(503,130,194	)		(100,340,760	)		(410,683,575)
Total Increase (Decrease) in Net Assets		(47,476,431	)		(48,659,497	)		(38,901,970	)		(23,546,983)
Net Assets as of December 31, 2021:	$	338,721,084		$	6,100,877,248		$	487,440,782		$	3,313,249,689

See Accompanying Notes.
(1)  See Footnote 1	26

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA JPMorgan Core Bond Service Class			TA JPMorgan Enhanced Index Initial Class			TA JPMorgan Enhanced Index Service Class			TA JPMorgan International Moderate Growth Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	267,800,611		$	135,407,620		$	79,574,306		$	100,195
Investment Income:
Reinvested Dividends		9,991,303			1,872,973			1,066,901			2,695
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,732,932			1,962,728			1,118,914			437
Net Investment Income (Loss)		6,258,371			(89,755	)		(52,013	)		2,258
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		746,919			10,343,959			6,847,779			9
Realized Gain (Loss) on Investments		2,077,773			4,660,248			1,906,189			95
Net Realized Capital Gains (Losses) on Investments		2,824,692			15,004,207			8,753,968			104
Net Change in Unrealized Appreciation (Depreciation)		6,990,321			7,144,775			5,937,364			12,006
Net Gain (Loss) on Investment		9,815,013			22,148,982			14,691,332			12,110
Net Increase (Decrease) in Net Assets Resulting from Operations		16,073,384			22,059,227			14,639,319			14,368
Increase (Decrease) in Net Assets from Contract Transactions		36,621,243			(14,371,901	)		4,322,983			(452)
Total Increase (Decrease) in Net Assets		52,694,627			7,687,326			18,962,302			13,916
Net Assets as of December 31, 2020:	$	320,495,238		$	143,094,946		$	98,536,608		$	114,111
Investment Income:
Reinvested Dividends		7,398,074			1,190,207			641,549			1,839
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,924,687			2,311,919			1,456,834			543
Net Investment Income (Loss)		3,473,387			(1,121,712	)		(815,285	)		1,296
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		10,917,588			17,360,452			12,454,098			-
Realized Gain (Loss) on Investments		965,694			13,632,743			4,892,306			532
Net Realized Capital Gains (Losses) on Investments		11,883,282			30,993,195			17,346,404			532
Net Change in Unrealized Appreciation (Depreciation)		(23,366,178	)		7,632,886			10,204,726			8,165
Net Gain (Loss) on Investment		(11,482,896	)		38,626,081			27,551,130			8,697
Net Increase (Decrease) in Net Assets Resulting from Operations		(8,009,509	)		37,504,369			26,735,845			9,993
Increase (Decrease) in Net Assets from Contract Transactions		(6,821,082	)		(27,878,575	)		(4,876,817	)		(1,594)
Total Increase (Decrease) in Net Assets		(14,830,591	)		9,625,794			21,859,028			8,399
Net Assets as of December 31, 2021:	$	305,664,647		$	152,720,740		$	120,395,636		$	122,510

See Accompanying Notes.
(1)  See Footnote 1	27

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA JPMorgan International Moderate Growth Service Class			TA JPMorgan Mid Cap Value Service Class			TA JPMorgan Tactical Allocation Service Class			TA Madison Diversified Income Service Class			TA Managed Risk - Balanced ETF Service Class
	Subaccount			Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	556,497,257		$	237,476,565		$	1,220,599,661		$	179,387,536		$	5,570,038,106
Investment Income:
Reinvested Dividends		12,538,703			2,105,932			25,355,507			2,790,387			107,737,420
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,140,652			2,759,099			14,967,267			2,267,168			64,767,373
Net Investment Income (Loss)		5,398,051			(653,167	)		10,388,240			523,219			42,970,047
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		46,651			7,962,414			29,005,275			4,095,860			66,255,851
Realized Gain (Loss) on Investments		2,840,405			(20,447,987	)		15,579,374			4,039,729			38,305,337
Net Realized Capital Gains (Losses) on Investments		2,887,056			(12,485,573	)		44,584,649			8,135,589			104,561,188
Net Change in Unrealized Appreciation (Depreciation)		53,371,897			11,536,195			71,143,140			2,010,765			(12,291,670)
Net Gain (Loss) on Investment		56,258,953			(949,378	)		115,727,789			10,146,354			92,269,518
Net Increase (Decrease) in Net Assets Resulting from Operations		61,657,004			(1,602,545	)		126,116,029			10,669,573			135,239,565
Increase (Decrease) in Net Assets from Contract Transactions		(61,330,397	)		(4,866,829	)		(46,148,910	)		13,325,271			(428,250,515)
Total Increase (Decrease) in Net Assets		326,607			(6,469,374	)		79,967,119			23,994,844			(293,010,950)
Net Assets as of December 31, 2020:	$	556,823,864		$	231,007,191		$	1,300,566,780		$	203,382,380		$	5,277,027,156
Investment Income:
Reinvested Dividends		7,123,596			1,647,446			19,238,314			2,851,187			58,990,431
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,815,059			3,677,781			15,530,309			2,471,720			65,010,238
Net Investment Income (Loss)		(691,463	)		(2,030,335	)		3,708,005			379,467			(6,019,807)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			4,467,371			73,066,362			2,227,122			238,339,457
Realized Gain (Loss) on Investments		19,129,481			1,245,140			20,534,324			9,052,694			88,767,692
Net Realized Capital Gains (Losses) on Investments		19,129,481			5,712,511			93,600,686			11,279,816			327,107,149
Net Change in Unrealized Appreciation (Depreciation)		22,237,798			58,621,547			(55,049,138	)		589,406			81,619,695
Net Gain (Loss) on Investment		41,367,279			64,334,058			38,551,548			11,869,222			408,726,844
Net Increase (Decrease) in Net Assets Resulting from Operations		40,675,816			62,303,723			42,259,553			12,248,689			402,707,037
Increase (Decrease) in Net Assets from Contract Transactions		(70,703,565	)		(17,353,233	)		(94,111,222	)		(46,525,662	)		(593,334,110)
Total Increase (Decrease) in Net Assets		(30,027,749	)		44,950,490			(51,851,669	)		(34,276,973	)		(190,627,073)
Net Assets as of December 31, 2021:	$	526,796,115		$	275,957,681		$	1,248,715,111		$	169,105,407		$	5,086,400,083

See Accompanying Notes.
(1)   See Footnote 1	28

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA Managed Risk - Conservative ETF Service Class			TA Managed Risk - Growth ETF Service Class			TA Market Participation Strategy Service Class			TA Morgan Stanley Capital Growth Initial Class			TA Morgan Stanley Capital Growth Service Class
	Subaccount			Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	666,135,464		$	2,476,677,187		$	393,660,137		$	372,441,653		$	362,045,816
Investment Income:
Reinvested Dividends		13,982,868			45,616,051			4,013,688			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		8,016,326			29,100,913			5,464,772			7,960,726			7,644,774
Net Investment Income (Loss)		5,966,542			16,515,138			(1,451,084	)		(7,960,726	)		(7,644,774)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,179,084			61,333,390			4,889,286			20,977,154			23,690,107
Realized Gain (Loss) on Investments		3,352,069			(6,081,539	)		4,612,192			45,000,957			39,334,242
Net Realized Capital Gains (Losses) on Investments		5,531,153			55,251,851			9,501,478			65,978,111			63,024,349
Net Change in Unrealized Appreciation (Depreciation)		9,851,751			(22,099,510	)		61,265,275			345,062,731			377,310,162
Net Gain (Loss) on Investment		15,382,904			33,152,341			70,766,753			411,040,842			440,334,511
Net Increase (Decrease) in Net Assets Resulting from Operations		21,349,446			49,667,479			69,315,669			403,080,116			432,689,737
Increase (Decrease) in Net Assets from Contract Transactions		(54,633,851	)		(260,313,552	)		(31,472,366	)		(64,427,405	)		73,403,920
Total Increase (Decrease) in Net Assets		(33,284,405	)		(210,646,073	)		37,843,303			338,652,711			506,093,657
Net Assets as of December 31, 2020:	$	632,851,059		$	2,266,031,114		$	431,503,440		$	711,094,364		$	868,139,473
Investment Income:
Reinvested Dividends		9,451,145			19,967,981			2,105,983			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,614,265			29,726,260			5,863,286			10,261,225			12,048,852
Net Investment Income (Loss)		1,836,880			(9,758,279	)		(3,757,303	)		(10,261,225	)		(12,048,852)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		8,209,760			106,820,114			43,683,462			175,976,370			247,526,349
Realized Gain (Loss) on Investments		5,871,013			26,484,698			13,015,125			102,122,559			82,235,172
Net Realized Capital Gains (Losses) on Investments		14,080,773			133,304,812			56,698,587			278,098,929			329,761,521
Net Change in Unrealized Appreciation (Depreciation)		(7,220,491	)		144,776,798			(726,743	)		(265,078,100	)		(336,472,202)
Net Gain (Loss) on Investment		6,860,282			278,081,610			55,971,844			13,020,829			(6,710,681)
Net Increase (Decrease) in Net Assets Resulting from Operations		8,697,162			268,323,331			52,214,541			2,759,604			(18,759,533)
Increase (Decrease) in Net Assets from Contract Transactions		(65,123,641	)		(315,820,024	)		(57,471,573	)		(176,155,622	)		(14,746,528)
Total Increase (Decrease) in Net Assets		(56,426,479	)		(47,496,693	)		(5,257,032	)		(173,396,018	)		(33,506,061)
Net Assets as of December 31, 2021:	$	576,424,580		$	2,218,534,421		$	426,246,408		$	537,698,346		$	834,633,412

See Accompanying Notes.
(1)   See Footnote 1	29

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA Morgan Stanley Global Allocation Service Class			TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class			TA MSCI EAFE Index Service Class			TA Multi-Managed Balanced Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	1,137,383,093		$	271,457,068		$	38,023,654		$	97,122,745
Investment Income:
Reinvested Dividends		10,055,767			3,419,632			697,970			1,568,587
Investment Expense:
Mortality and Expense Risk and Administrative Charges		14,846,463			3,438,828			549,934			1,458,110
Net Investment Income (Loss)		(4,790,696	)		(19,196	)		148,036			110,477
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		40,666,907			6,771,253			55,755			4,024,250
Realized Gain (Loss) on Investments		20,497,180			(131,981	)		(298,316	)		1,651,237
Net Realized Capital Gains (Losses) on Investments		61,164,087			6,639,272			(242,561	)		5,675,487
Net Change in Unrealized Appreciation (Depreciation)		112,331,355			7,209,782			4,555,874			7,233,097
Net Gain (Loss) on Investment		173,495,442			13,849,054			4,313,313			12,908,584
Net Increase (Decrease) in Net Assets Resulting from Operations		168,704,746			13,829,858			4,461,349			13,019,061
Increase (Decrease) in Net Assets from Contract Transactions		(122,974,679	)		(2,852,876	)		10,901,656			472,865
Total Increase (Decrease) in Net Assets		45,730,067			10,976,982			15,363,005			13,491,926
Net Assets as of December 31, 2020:	$	1,183,113,160		$	282,434,050		$	53,386,659		$	110,614,671
Investment Income:
Reinvested Dividends		5,580,291			14,847,178			879,362			1,274,957
Investment Expense:
Mortality and Expense Risk and Administrative Charges		16,020,584			3,703,906			797,929			1,665,285
Net Investment Income (Loss)		(10,440,293	)		11,143,272			81,433			(390,328)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		92,808,047			-			-			5,988,288
Realized Gain (Loss) on Investments		46,215,485			3,212,084			1,224,761			8,903,046
Net Realized Capital Gains (Losses) on Investments		139,023,532			3,212,084			1,224,761			14,891,334
Net Change in Unrealized Appreciation (Depreciation)		(51,407,427	)		1,892,165			3,820,266			1,259,097
Net Gain (Loss) on Investment		87,616,105			5,104,249			5,045,027			16,150,431
Net Increase (Decrease) in Net Assets Resulting from Operations		77,175,812			16,247,521			5,126,460			15,760,103
Increase (Decrease) in Net Assets from Contract Transactions		(145,339,005	)		(15,338,639	)		4,921,460			(22,592,063)
Total Increase (Decrease) in Net Assets		(68,163,193	)		908,882			10,047,920			(6,831,960)
Net Assets as of December 31, 2021:	$	1,114,949,967		$	283,342,932		$	63,434,579		$	103,782,711

See Accompanying Notes.
(1)   See Footnote 1	30

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA Multi-Managed Balanced Service Class			TA PIMCO Tactical - Balanced Service Class			TA PIMCO Tactical - Conservative Service Class			TA PIMCO Tactical - Growth Service Class			TA PIMCO Total Return Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	1,261,699,037		$	545,140,658		$	257,753,596		$	344,227,526		$	162,583,767
Investment Income:
Reinvested Dividends		16,963,716			17,094,914			3,640,236			12,932,628			6,778,208
Investment Expense:
Mortality and Expense Risk and Administrative Charges		16,053,790			7,114,185			3,457,074			4,526,228			2,498,740
Net Investment Income (Loss)		909,926			9,980,729			183,162			8,406,400			4,279,468
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		51,268,643			33,338,578			16,888,468			27,386,122			700,078
Realized Gain (Loss) on Investments		20,576,042			3,321,398			3,804,266			937,907			1,681,329
Net Realized Capital Gains (Losses) on Investments		71,844,685			36,659,976			20,692,734			28,324,029			2,381,407
Net Change in Unrealized Appreciation (Depreciation)		93,449,445			(9,684,567	)		518,696			(12,738,914	)		2,561,682
Net Gain (Loss) on Investment		165,294,130			26,975,409			21,211,430			15,585,115			4,943,089
Net Increase (Decrease) in Net Assets Resulting from Operations		166,204,056			36,956,138			21,394,592			23,991,515			9,222,557
Increase (Decrease) in Net Assets from Contract Transactions		(83,049,342	)		(48,084,945	)		395,841			(27,566,132	)		(8,437,662)
Total Increase (Decrease) in Net Assets		83,154,714			(11,128,807	)		21,790,433			(3,574,617	)		784,895
Net Assets as of December 31, 2020:	$	1,344,853,751		$	534,011,851		$	279,544,029		$	340,652,909		$	163,368,662
Investment Income:
Reinvested Dividends		13,266,067			-			2,526,652			-			2,407,099
Investment Expense:
Mortality and Expense Risk and Administrative Charges		18,057,223			6,916,662			3,344,885			4,448,415			2,430,220
Net Investment Income (Loss)		(4,791,156	)		(6,916,662	)		(818,233	)		(4,448,415	)		(23,121)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		76,973,952			38,691,901			19,664,867			24,606,646			9,513,079
Realized Gain (Loss) on Investments		43,474,522			3,429,917			2,848,960			2,846,297			489,591
Net Realized Capital Gains (Losses) on Investments		120,448,474			42,121,818			22,513,827			27,452,943			10,002,670
Net Change in Unrealized Appreciation (Depreciation)		83,078,443			(10,249,177	)		(15,533,618	)		1,401,588			(13,816,351)
Net Gain (Loss) on Investment		203,526,917			31,872,641			6,980,209			28,854,531			(3,813,681)
Net Increase (Decrease) in Net Assets Resulting from Operations		198,735,761			24,955,979			6,161,976			24,406,116			(3,836,802)
Increase (Decrease) in Net Assets from Contract Transactions		(120,015,921	)		(69,595,254	)		(47,096,043	)		(48,247,936	)		(15,661,512)
Total Increase (Decrease) in Net Assets		78,719,840			(44,639,275	)		(40,934,067	)		(23,841,820	)		(19,498,314)
Net Assets as of December 31, 2021:	$	1,423,573,591		$	489,372,576		$	238,609,962		$	316,811,089		$	143,870,348

See Accompanying Notes.
(1)  See Footnote 1	31

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA PIMCO Total Return Service Class			TA PineBridge Inflation Opportunities Service Class			TA ProFunds UltraBear Service Class (OAM)			TA Rothschild & Co Large Cap Value Service Class			TA S&P 500 Index Service Class
	Subaccount			Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	721,416,264		$	148,339,095		$	12,630,584		$	10,944,450		$	178,742,034
Investment Income:
Reinvested Dividends		29,355,332			2,207,170			44,817			104,166			1,627,758
Investment Expense:
Mortality and Expense Risk and Administrative Charges		9,780,140			1,977,060			244,404			187,522			2,978,243
Net Investment Income (Loss)		19,575,192			230,110			(199,587	)		(83,356	)		(1,350,485)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		3,218,082			-			-			331,715			754,568
Realized Gain (Loss) on Investments		3,065,908			637,130			(16,072,621	)		(865,457	)		5,930,164
Net Realized Capital Gains (Losses) on Investments		6,283,990			637,130			(16,072,621	)		(533,742	)		6,684,732
Net Change in Unrealized Appreciation (Depreciation)		15,819,786			9,115,711			(2,650,596	)		2,975,482			37,762,828
Net Gain (Loss) on Investment		22,103,776			9,752,841			(18,723,217	)		2,441,740			44,447,560
Net Increase (Decrease) in Net Assets Resulting from Operations		41,678,968			9,982,951			(18,922,804	)		2,358,384			43,097,075
Increase (Decrease) in Net Assets from Contract Transactions		(39,659,220	)		(12,147,469	)		15,146,006			10,336,915			72,829,102
Total Increase (Decrease) in Net Assets		2,019,748			(2,164,518	)		(3,776,798	)		12,695,299			115,926,177
Net Assets as of December 31, 2020:	$	723,436,012		$	146,174,577		$	8,853,786		$	23,639,749		$	294,668,211
Investment Income:
Reinvested Dividends		8,680,054			1,713,423			-			275,485			3,038,736
Investment Expense:
Mortality and Expense Risk and Administrative Charges		9,207,764			2,005,356			114,456			444,756			5,013,686
Net Investment Income (Loss)		(527,710	)		(291,933	)		(114,456	)		(169,271	)		(1,974,950)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		41,503,496			-			-			1,027,009			6,624,848
Realized Gain (Loss) on Investments		(1,140,964	)		1,715,408			(10,065,843	)		1,971,087			11,434,994
Net Realized Capital Gains (Losses) on Investments		40,362,532			1,715,408			(10,065,843	)		2,998,096			18,059,842
Net Change in Unrealized Appreciation (Depreciation)		(56,927,016	)		2,165,778			5,643,574			5,179,668			69,000,107
Net Gain (Loss) on Investment		(16,564,484	)		3,881,186			(4,422,269	)		8,177,764			87,059,949
Net Increase (Decrease) in Net Assets Resulting from Operations		(17,092,194	)		3,589,253			(4,536,725	)		8,008,493			85,084,999
Increase (Decrease) in Net Assets from Contract Transactions		(42,545,794	)		883,651			2,559,062			12,123,813			62,355,453
Total Increase (Decrease) in Net Assets		(59,637,988	)		4,472,904			(1,977,663	)		20,132,306			147,440,452
Net Assets as of December 31, 2021:	$	663,798,024		$	150,647,481		$	6,876,123		$	43,772,055		$	442,108,663

See Accompanying Notes. ⁽¹⁾  See Footnote 1   32

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA Small/Mid Cap Value Initial Class			TA Small/Mid Cap Value Service Class			TA T. Rowe Price Small Cap Initial Class			TA T. Rowe Price Small Cap Service Class			TA TS&W International Equity Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2019:	$	114,726,591		$	149,629,508		$	136,379,747		$	313,681,024		$	83,257,900
Investment Income:
Reinvested Dividends		1,095,171			1,367,467			-			-			2,233,573
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,345,013			1,820,654			1,875,898			4,197,366			1,066,002
Net Investment Income (Loss)		(249,842	)		(453,187	)		(1,875,898	)		(4,197,366	)		1,167,571
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		3,816,044			5,953,843			8,740,251			23,584,756			-
Realized Gain (Loss) on Investments		(1,698,784	)		(7,945,570	)		5,040,994			721,605			327,041
Net Realized Capital Gains (Losses) on Investments		2,117,260			(1,991,727	)		13,781,245			24,306,361			327,041
Net Change in Unrealized Appreciation (Depreciation)		(1,269,950	)		8,696,814			13,883,824			48,840,522			1,548,290
Net Gain (Loss) on Investment		847,310			6,705,087			27,665,069			73,146,883			1,875,331
Net Increase (Decrease) in Net Assets Resulting from Operations		597,468			6,251,900			25,789,171			68,949,517			3,042,902
Increase (Decrease) in Net Assets from Contract Transactions		(10,063,488	)		9,890,935			(13,273,338	)		10,385,285			(4,866,621)
Total Increase (Decrease) in Net Assets		(9,466,020	)		16,142,835			12,515,833			79,334,802			(1,823,719)
Net Assets as of December 31, 2020:	$	105,260,571		$	165,772,343		$	148,895,580		$	393,015,826		$	81,434,181
Investment Income:
Reinvested Dividends		752,630			984,333			-			-			1,546,452
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,679,280			2,637,163			2,256,291			5,502,809			1,278,835
Net Investment Income (Loss)		(926,650	)		(1,652,830	)		(2,256,291	)		(5,502,809	)		267,617
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			14,786,193			44,047,673			-
Realized Gain (Loss) on Investments		3,231,215			5,092,373			12,223,911			16,766,237			3,991,270
Net Realized Capital Gains (Losses) on Investments		3,231,215			5,092,373			27,010,104			60,813,910			3,991,270
Net Change in Unrealized Appreciation (Depreciation)		24,054,166			39,834,143			(10,933,149	)		(17,947,137	)		5,118,781
Net Gain (Loss) on Investment		27,285,381			44,926,516			16,076,955			42,866,773			9,110,051
Net Increase (Decrease) in Net Assets Resulting from Operations		26,358,731			43,273,686			13,820,664			37,363,964			9,377,668
Increase (Decrease) in Net Assets from Contract Transactions		(22,242,485	)		(2,668,078	)		(28,611,068	)		(13,420,138	)		(11,361,004)
Total Increase (Decrease) in Net Assets		4,116,246			40,605,608			(14,790,404	)		23,943,826			(1,983,336)
Net Assets as of December 31, 2021:	$	109,376,817		$	206,377,951		$	134,105,176		$	416,959,652		$	79,450,845

See Accompanying Notes. ⁽¹⁾  See Footnote 1   33

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	TA TS&W International Equity Service Class Subaccount			TA WMC US Growth Initial Class Subaccount			TA WMC US Growth Service Class Subaccount			Vanguard® Balanced Subaccount			Vanguard® Capital Growth Subaccount
Net Assets as of December 31, 2019:	$	46,304,060		$	460,449,558		$	222,359,352		$	-		$	-
Investment Income:
Reinvested Dividends		1,314,406			516,976			-			204			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		593,049			7,370,767			3,463,532			741			290
Net Investment Income (Loss)		721,357			(6,853,791	)		(3,463,532	)		(537	)		(290)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			37,636,576			20,807,267			248			-
Realized Gain (Loss) on Investments		(108,217	)		23,018,664			17,926,994			7,032			828
Net Realized Capital Gains (Losses) on Investments		(108,217	)		60,655,240			38,734,261			7,280			828
Net Change in Unrealized Appreciation (Depreciation)		2,373,604			97,826,590			45,871,435			55,072			26,979
Net Gain (Loss) on Investment		2,265,387			158,481,830			84,605,696			62,352			27,807
Net Increase (Decrease) in Net Assets Resulting from Operations		2,986,744			151,628,039			81,142,164			61,815			27,517
Increase (Decrease) in Net Assets from Contract Transactions		5,232,679			(44,219,854	)		10,978,597			798,760			225,789
Total Increase (Decrease) in Net Assets		8,219,423			107,408,185			92,120,761			860,575			253,306
Net Assets as of December 31, 2020:	$	54,523,483		$	567,857,743		$	314,480,113		$	860,575		$	253,306
Investment Income:
Reinvested Dividends		991,631			452,297			-			83,994			4,153
Investment Expense:
Mortality and Expense Risk and Administrative Charges		798,695			8,808,709			4,576,980			115,238			2,631
Net Investment Income (Loss)		192,936			(8,356,412	)		(4,576,980	)		(31,244	)		1,522
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			83,599,992			50,538,426			233,093			29,023
Realized Gain (Loss) on Investments		1,868,024			66,641,916			18,317,140			53,706			6,238
Net Realized Capital Gains (Losses) on Investments		1,868,024			150,241,908			68,855,566			286,799			35,261
Net Change in Unrealized Appreciation (Depreciation)		4,208,418			(42,464,395	)		(6,268,401	)		1,008,107			80,223
Net Gain (Loss) on Investment		6,076,442			107,777,513			62,587,165			1,294,906			115,484
Net Increase (Decrease) in Net Assets Resulting from Operations		6,269,378			99,421,101			58,010,185			1,263,662			117,006
Increase (Decrease) in Net Assets from Contract Transactions		998,039			(111,352,645	)		(16,300,796	)		14,165,701			1,295,518
Total Increase (Decrease) in Net Assets		7,267,417			(11,931,544	)		41,709,389			15,429,363			1,412,524
Net Assets as of December 31, 2021:	$	61,790,900		$	555,926,199		$	356,189,502		$	16,289,938		$	1,665,830

See Accompanying Notes.
(1)  See Footnote 1	34

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Vanguard® Conservative Allocation Subaccount			Vanguard® Diversified Value Subaccount			Vanguard® Equity Income Subaccount		Vanguard® Equity Index Subaccount			Vanguard® Global Bond Index Subaccount
Net Assets as of December 31, 2019:	$	-		$	-		$	-	$	5,072,380		$	-
Investment Income:
Reinvested Dividends		168			-			220		77,626			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		774			59			107		34,965			19
Net Investment Income (Loss)		(606	)		(59	)		113		42,661			(19)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		103			-			275		91,064			-
Realized Gain (Loss) on Investments		369			7			31		129,690			-
Net Realized Capital Gains (Losses) on Investments		472			7			306		220,754			-
Net Change in Unrealized Appreciation (Depreciation)		32,649			8,469			13,962		455,516			321
Net Gain (Loss) on Investment		33,121			8,476			14,268		676,270			321
Net Increase (Decrease) in Net Assets Resulting from Operations		32,515			8,417			14,381		718,931			302
Increase (Decrease) in Net Assets from Contract Transactions		430,968			52,065			135,845		(150,506	)		41,140
Total Increase (Decrease) in Net Assets		463,483			60,482			150,226		568,425			41,442
Net Assets as of December 31, 2020:	$	463,483		$	60,482		$	150,226	$	5,640,805		$	41,442
Investment Income:
Reinvested Dividends		40,804			2,016			4,164		72,953			1,602
Investment Expense:
Mortality and Expense Risk and Administrative Charges		53,328			1,658			1,204		45,540			434
Net Investment Income (Loss)		(12,524	)		358			2,960		27,413			1,168
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		91,038			2,772			3,845		217,958			1,194
Realized Gain (Loss) on Investments		12,978			4,118			25,011		893,073			(1,918)
Net Realized Capital Gains (Losses) on Investments		104,016			6,890			28,856		1,111,031			(724)
Net Change in Unrealized Appreciation (Depreciation)		28,906			83,734			51,449		629,423			97
Net Gain (Loss) on Investment		132,922			90,624			80,305		1,740,454			(627)
Net Increase (Decrease) in Net Assets Resulting from Operations		120,398			90,982			83,265		1,767,867			541
Increase (Decrease) in Net Assets from Contract Transactions		7,149,510			1,252,748			675,323		2,525,672			273,958
Total Increase (Decrease) in Net Assets		7,269,908			1,343,730			758,588		4,293,539			274,499
Net Assets as of December 31, 2021:	$	7,733,391		$	1,404,212		$	908,814	$	9,934,344		$	315,941

See Accompanying Notes.
(1)  SeeFootnote 1	35

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Vanguard® Growth Subaccount			Vanguard® High Yield Bond Subaccount			Vanguard® International Subaccount			Vanguard® Mid-Cap Index Subaccount			Vanguard® Moderate Allocation Subaccount
Net Assets as of December 31, 2019:	$	-		$	-		$	2,830,970		$	2,287,080		$	-
Investment Income:
Reinvested Dividends		-			-			36,094			30,822			179
Investment Expense:
Mortality and Expense Risk and Administrative Charges		621			40			24,158			18,356			1,305
Net Investment Income (Loss)		(621	)		(40	)		11,936			12,466			(1,126)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			65,969			115,404			165
Realized Gain (Loss) on Investments		3,319			29			260,769			(77,102	)		2,013
Net Realized Capital Gains (Losses) on Investments		3,319			29			326,738			38,302			2,178
Net Change in Unrealized Appreciation (Depreciation)		86,635			1,390			1,109,227			306,388			123,790
Net Gain (Loss) on Investment		89,954			1,419			1,435,965			344,690			125,968
Net Increase (Decrease) in Net Assets Resulting from Operations		89,333			1,379			1,447,901			357,156			124,842
Increase (Decrease) in Net Assets from Contract Transactions		499,152			42,762			203,800			683,748			3,063,897
Total Increase (Decrease) in Net Assets		588,485			44,141			1,651,701			1,040,904			3,188,739
Net Assets as of December 31, 2020:	$	588,485		$	44,141		$	4,482,671		$	3,327,984		$	3,188,739
Investment Income:
Reinvested Dividends		269			2,919			12,332			51,541			80,800
Investment Expense:
Mortality and Expense Risk and Administrative Charges		5,371			756			41,866			83,178			71,978
Net Investment Income (Loss)		(5,102	)		2,163			(29,534	)		(31,637	)		8,822
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		70,676			-			310,072			307,595			195,778
Realized Gain (Loss) on Investments		95,726			3,050			706,685			224,754			130,915
Net Realized Capital Gains (Losses) on Investments		166,402			3,050			1,016,757			532,349			326,693
Net Change in Unrealized Appreciation (Depreciation)		69,349			4,924			(1,282,506	)		853,556			332,287
Net Gain (Loss) on Investment		235,751			7,974			(265,749	)		1,385,905			658,980
Net Increase (Decrease) in Net Assets Resulting from Operations		230,649			10,137			(295,283	)		1,354,268			667,802
Increase (Decrease) in Net Assets from Contract Transactions		2,670,793			498,985			2,922,534			8,129,743			11,394,219
Total Increase (Decrease) in Net Assets		2,901,442			509,122			2,627,251			9,484,011			12,062,021
Net Assets as of December 31, 2021:	$	3,489,927		$	553,263		$	7,109,922		$	12,811,995		$	15,250,760

See Accompanying Notes.
(1)  SeeFootnote 1	36

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Vanguard® Money Market Subaccount			Vanguard® Real Estate Index Subaccount			Vanguard® Short-Term Investment Grade Subaccount			Vanguard® Total Bond Market Index Subaccount			Vanguard® Total International Stock Market Index Subaccount
Net Assets as of December 31, 2019:	$	-		$	724,052		$	4,238,215		$	3,671,401		$	-
Investment Income:
Reinvested Dividends		288			17,577			123,648			95,673			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,005			6,092			38,601			36,021			182
Net Investment Income (Loss)		(717	)		11,485			85,047			59,652			(182)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			11,053			-			-			-
Realized Gain (Loss) on Investments		-			(43,852	)		64,791			37,367			1,660
Net Realized Capital Gains (Losses) on Investments		-			(32,799	)		64,791			37,367			1,660
Net Change in Unrealized Appreciation (Depreciation)		-			(6,588	)		79,792			172,949			46,322
Net Gain (Loss) on Investment		-			(39,387	)		144,583			210,316			47,982
Net Increase (Decrease) in Net Assets Resulting from Operations		(717	)		(27,902	)		229,630			269,968			47,800
Increase (Decrease) in Net Assets from Contract Transactions		871,824			471,128			1,481,049			2,767,928			414,742
Total Increase (Decrease) in Net Assets		871,107			443,226			1,710,679			3,037,896			462,542
Net Assets as of December 31, 2020:	$	871,107		$	1,167,278		$	5,948,894		$	6,709,297		$	462,542
Investment Income:
Reinvested Dividends		303			27,728			117,214			158,872			20,690
Investment Expense:
Mortality and Expense Risk and Administrative Charges		8,415			10,080			41,127			54,661			4,538
Net Investment Income (Loss)		(8,112	)		17,648			76,087			104,211			16,152
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		265			36,690			28,787			63,708			9,853
Realized Gain (Loss) on Investments		-			62,303			27,106			(3,076	)		70,339
Net Realized Capital Gains (Losses) on Investments		265			98,993			55,893			60,632			80,192
Net Change in Unrealized Appreciation (Depreciation)		-			439,938			(216,719	)		(300,221	)		(30,897)
Net Gain (Loss) on Investment		265			538,931			(160,826	)		(239,589	)		49,295
Net Increase (Decrease) in Net Assets Resulting from Operations		(7,847	)		556,579			(84,739	)		(135,378	)		65,447
Increase (Decrease) in Net Assets from Contract Transactions		3,745,273			1,127,713			1,768,052			4,718,603			2,380,514
Total Increase (Decrease) in Net Assets		3,737,426			1,684,292			1,683,313			4,583,225			2,445,961
Net Assets as of December 31, 2021:	$	4,608,533		$	2,851,570		$	7,632,207		$	11,292,522		$	2,908,503

See Accompanying Notes.
(1)  See Footnote 1	37

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Vanguard® Total Stock Market Index Subaccount			Voya Global Perspectives Class S Shares Subaccount			Voya Large Cap Value Class S Shares Subaccount			Voya Strategic Allocation Conservative Class S Shares Subaccount		Voya Strategic Allocation Moderate Class S Shares Subaccount
Net Assets as of December 31, 2019:	$	-		$	22,324		$	1,216		$	-	$	-
Investment Income:
Reinvested Dividends		132			674			24			-		-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		708			289			14			-		-
Net Investment Income (Loss)		(576	)		385			10			-		-
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		255			691			107			-		-
Realized Gain (Loss) on Investments		10,903			(26	)		2			-		-
Net Realized Capital Gains (Losses) on Investments		11,158			665			109			-		-
Net Change in Unrealized Appreciation (Depreciation)		113,428			1,848			(51	)		-		-
Net Gain (Loss) on Investment		124,586			2,513			58			-		-
Net Increase (Decrease) in Net Assets Resulting from Operations		124,010			2,898			68			-		-
Increase (Decrease) in Net Assets from Contract Transactions		911,699			2,836			35			-		-
Total Increase (Decrease) in Net Assets		1,035,709			5,734			103			-		-
Net Assets as of December 31, 2020:	$	1,035,709		$	28,058		$	1,319		$	-	$	-
Investment Income:
Reinvested Dividends		21,340			1,015			33			-		-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		15,193			390			18			-		-
Net Investment Income (Loss)		6,147			625			15			-		-
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		91,573			787			16			-		-
Realized Gain (Loss) on Investments		156,412			75			33			-		-
Net Realized Capital Gains (Losses) on Investments		247,985			862			49			-		-
Net Change in Unrealized Appreciation (Depreciation)		874,798			(110	)		258			-		-
Net Gain (Loss) on Investment		1,122,783			752			307			-		-
Net Increase (Decrease) in Net Assets Resulting from Operations		1,128,930			1,377			322			-		-
Increase (Decrease) in Net Assets from Contract Transactions		7,619,926			3,734			(123	)		-		-
Total Increase (Decrease) in Net Assets		8,748,856			5,111			199			-		-
Net Assets as of December 31, 2021:	$	9,784,565		$	33,169		$	1,518		$	-	$	-

See Accompanying Notes.
(1)  See Footnote 1	38

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2020 and 2021

	Wanger International                 Subaccount			Wanger USA                 Subaccount
Net Assets as of December 31, 2019:	$	369,851		$	-
Investment Income:
Reinvested Dividends		7,108			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,483			-
Net Investment Income (Loss)		5,625			-
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		12,686			-
Realized Gain (Loss) on Investments		(20,137	)		-
Net Realized Capital Gains (Losses) on Investments		(7,451	)		-
Net Change in Unrealized Appreciation (Depreciation)		35,226			-
Net Gain (Loss) on Investment		27,775			-
Net Increase (Decrease) in Net Assets Resulting from Operations		33,400			-
Increase (Decrease) in Net Assets from Contract Transactions		(145,357	)		-
Total Increase (Decrease) in Net Assets		(111,957	)		-
Net Assets as of December 31, 2020:	$	257,894		$	-
Investment Income:
Reinvested Dividends		1,581			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,413			-
Net Investment Income (Loss)		168			-
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		4,362			-
Realized Gain (Loss) on Investments		23,029			-
Net Realized Capital Gains (Losses) on Investments		27,391			-
Net Change in Unrealized Appreciation (Depreciation)		20,917			-
Net Gain (Loss) on Investment		48,308			-
Net Increase (Decrease) in Net Assets Resulting from Operations		48,476			-
Increase (Decrease) in Net Assets from Contract Transactions		(18,467	)		-
Total Increase (Decrease) in Net Assets		30,009			-
Net Assets as of December 31, 2021:	$	287,903		$	-

See Accompanying Notes.
(1)   See Footnote 1	39

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

1. Organization

Separate Account VA B (the Separate Account) is a segregated investment account of Transamerica Life Insurance Company (TLIC), an indirect wholly owned subsidiary of Aegon N.V., a holding company organized under the laws of the Netherlands.

The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940. TLIC and the Separate Account are regulated by the Securities and Exchange Commission. The assets and liabilities of the Separate Account are clearly identified and distinguished from TLIC’s other assets and liabilities. The Separate Account consists of multiple investment subaccounts. Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund. Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended. Activity in these specified investment subaccounts is available to contract owners of Transamerica Variable Annuity Series, MEMBERS^® Variable Annuity Series, Partners Variable Annuity Series, Transamerica Landmark℠ Variable Annuity, MEMBERS^® Landmark℠ Variable Annuity, Transamerica Freedom℠ Variable Annuity, MEMBERS^® Freedom℠ Variable Annuity, Transamerica Advisor Elite II, Transamerica Income Elite℠ II, Transamerica Axiom℠ II, Transamerica Principium℠ III, Transamerica Retirement Income Plus, Transamerica Variable Annuity O-Share, Transamerica ABC Variable Annuity Series, Transamerica 123 Variable Annuity, Transamerica Extra℠ Variable Annuity, MEMBERS^® Extra℠ Variable Annuity, Transamerica Liberty℠ Variable Annuity, MEMBERS^® Liberty℠ Variable Annuity, Transamerica Advisor Elite℠ Variable Annuity, Income Elite℠ Variable Annuity, Transamerica Axiom℠ Variable Annuity, Transamerica Principium℠ II Variable Annuity, Transamerica I-Share Variable Annuity, Transamerica Inspire℠ Variable Annuity, Transamerica Advisory Annuity, Transamerica Axiom℠ III Variable Annuity, Transamerica I-Share II Variable Annuity, and Transamerica Principium IV℠ Variable Annuity.

The TA ProFunds UltraBear Service Class (OAM) is included in the subaccount listing only to facilitate a contract owner purchase option.

Subaccount Investment by Mutual Fund:
Subaccount	Mutual Fund
AB Variable Products Series Fund, Inc.	AB Variable Products Series Fund, Inc.
AB Balanced Wealth Strategy Class B Shares	AB Balanced Wealth Strategy Portfolio Class B Shares
AB Growth and Income Class B Shares	AB Growth and Income Portfolio Class B Shares
AB Large Cap Growth Class B Shares	AB Large Cap Growth Portfolio Class B Shares
American Funds Insurance Series®	American Funds Insurance Series®
American Funds - Asset Allocation Class 2 Shares	American Funds - Asset Allocation Fund Class 2 Shares
American Funds - Asset Allocation Class 4 Shares	American Funds - Asset Allocation Fund Class 4 Shares
American Funds - Growth Class 2 Shares	American Funds - Growth Fund Class 2 Shares
American Funds - Growth Class 4 Shares	American Funds - Growth Fund Class 4 Shares
American Funds - Growth-Income Class 2 Shares	American Funds - Growth-Income Fund Class 2 Shares
American Funds - Growth-Income Class 4 Shares	American Funds - Growth-Income Fund Class 4 Shares
American Funds - International Class 2 Shares	American Funds - International Fund Class 2 Shares
American Funds - International Class 4 Shares	American Funds - International Fund Class 4 Shares
American Funds - New World Class 4 Shares	American Funds - New World Fund Class 4 Shares
American Funds - The Bond Fund of America Class 2 Shares	American Funds - The Bond Fund of America Class 2 Shares
American Funds - The Bond Fund of America Class 4 Shares	American Funds - The Bond Fund of America Class 4 Shares
BlackRock Variable Series Funds, Inc.	BlackRock Variable Series Funds, Inc.
BlackRock Basic Value V.I. Class I Shares	BlackRock Basic Value V.I. Fund Class I Shares
BlackRock Global Allocation V.I. Class I Shares	BlackRock Global Allocation V.I. Fund Class I Shares
BlackRock High Yield V.I. Class I Shares	BlackRock High Yield V.I. Fund Class I Shares

40

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

1. Organization (continued)

Subaccount Investment by Mutual Fund:
Subaccount	Mutual Fund
DFA Investment Dimensions Group Inc.	DFA Investment Dimensions Group Inc.
DFA VA Equity Allocation	DFA VA Equity Allocation Portfolio
DFA VA Global Bond	DFA VA Global Bond Portfolio
DFA VA Global Moderate Allocation	DFA VA Global Moderate Allocation Portfolio
DFA VA International Small	DFA VA International Small Portfolio
DFA VA International Value	DFA VA International Value Portfolio
DFA VA Short-Term Fixed	DFA VA Short-Term Fixed Portfolio
DFA VA U.S. Large Value	DFA VA U.S. Large Value Portfolio
DFA VA U.S. Targeted Value	DFA VA U.S. Targeted Value Portfolio
Fidelity® Variable Insurance Products Fund	Fidelity® Variable Insurance Products Fund
Fidelity® VIP Balanced Service Class 2	Fidelity® VIP Balanced Service Portfolio Class 2
Fidelity® VIP Consumer Staples Initial Class	Fidelity® VIP Consumer Staples Portfolio Initial  Class
Fidelity® VIP Contrafund® Initial Class	Fidelity® VIP Contrafund® Portfolio Initial Class
Fidelity® VIP Contrafund® Service Class 2	Fidelity® VIP Contrafund® Portfolio Service Class 2
Fidelity® VIP Energy Service Class 2	Fidelity® VIP Energy Portfolio Service Class 2
Fidelity® VIP Equity-Income Initial Class	Fidelity® VIP Equity-Income Portfolio Initial Class
Fidelity® VIP Equity-Income Service Class 2	Fidelity® VIP Equity-Income Portfolio Service Class 2
Fidelity® VIP Growth Initial Class	Fidelity® VIP Growth Portfolio Initial Class
Fidelity® VIP Growth Service Class 2	Fidelity® VIP Growth Portfolio Service Class 2
Fidelity® VIP Growth Opportunities Service Class 2	Fidelity® VIP Growth Opportunities Portfolio Service Class 2
Fidelity® VIP Health Care Service Class 2	Fidelity® VIP Health Care Portfolio Service Class 2
Fidelity® VIP Mid Cap Initial Class	Fidelity® VIP Mid Cap Portfolio Initial Class
Fidelity® VIP Mid Cap Service Class 2	Fidelity® VIP Mid Cap Portfolio Service Class 2
Fidelity® VIP Technology Initial Class	Fidelity® VIP Technology Portfolio Initial Class
Fidelity® VIP Utilities Initial Class	Fidelity® VIP Utilities Portfolio Initial Class
Fidelity® VIP Value Strategies Initial Class	Fidelity® VIP Value Strategies Portfolio Initial Class
Fidelity® VIP Value Strategies Service Class 2	Fidelity® VIP Value Strategies Portfolio Service Class 2
Franklin Templeton Variable Insurance Products Trust	Franklin Templeton Variable Insurance Products Trust
Franklin Allocation Class 4 Shares	Franklin Allocation Fund Class 4 Shares
Franklin Income Class 2 Shares	Franklin Income Class Fund 2 Shares
Franklin Mutual Shares Class 2 Shares	Franklin Mutual Shares Fund Class 2 Shares
Franklin Templeton Foreign Class 2 Shares	Franklin Templeton Foreign Fund Class 2 Shares
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)	AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
Invesco V.I. American Franchise Series II Shares	Invesco V.I. American Franchise Fund Series II Shares
Janus Aspen Series	Janus Aspen Series
Janus Henderson - Enterprise Service Shares	Janus Henderson - Enterprise Portfolio Service Shares
Janus Henderson - Global Research Service Shares	Janus Henderson - Global Research Portfolio Service Shares
Janus Henderson - Mid Cap Value Service Shares	Janus Henderson - Mid Cap Value Portfolio Service Shares
MFS® Variable Insurance Trust	MFS® Variable Insurance Trust
MFS® New Discovery Service Class	MFS® New Discovery Series Service Class
MFS® Total Return Service Class	MFS® Total Return Series Service Class
Nationwide Variable Insurance Trust	Nationwide Variable Insurance Trust
NVIT Emerging Markets Class D Shares	NVIT Emerging Markets Fund Class D Shares

41

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

1. Organization (continued)

Subaccount Investment by Mutual Fund:
Subaccount	Mutual Fund
State Street Variable Insurance Series Funds, Inc.	State Street Variable Insurance Series Funds, Inc.
State Street Total Return V.I.S. Class 3 Shares	State Street Total Return V.I.S. Fund Class 3 Shares
Transamerica Series Trust	Transamerica Series Trust
TA 60/40 Allocation Service Class	Transamerica 60/40 Allocation VP Service Class
TA Aegon High Yield Bond Initial Class	Transamerica Aegon High Yield Bond VP Initial Class
TA Aegon High Yield Bond Service Class	Transamerica Aegon High Yield Bond VP Service Class
TA Aegon Sustainable Equity Income Initial Class	Transamerica Aegon Sustainable Equity Income VP Initial Class
TA Aegon Sustainable Equity Income Service Class	Transamerica Aegon Sustainable Equity Income VP Service Class
TA Aegon U.S. Government Securities Initial Class	Transamerica Aegon U.S. Government Securities VP Initial Class
TA Aegon U.S. Government Securities Service Class	Transamerica Aegon U.S. Government Securities VP Service Class
TA American Funds Managed Risk - Balanced Service Class	Transamerica American Funds Managed Risk - Balanced VP Service Class
TA BlackRock Global Real Estate Securities Initial Class	Transamerica BlackRock Global Real Estate Securities VP Initial Class
TA BlackRock Global Real Estate Securities Service Class	Transamerica BlackRock Global Real Estate Securities VP Service Class
TA BlackRock Government Money Market Initial Class	Transamerica BlackRock Government Money Market VP Initial Class
TA BlackRock Government Money Market Service Class	Transamerica BlackRock Government Money Market VP Service Class
TA BlackRock iShares Active Asset Allocation - Conservative Service Class	Transamerica BlackRock iShares Active Asset Allocation - Conservative VP Service Class
TA BlackRock iShares Active Asset Allocation - Moderate Service Class	Transamerica BlackRock iShares Active Asset Allocation - Moderate VP Service Class
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class	Transamerica BlackRock iShares Active Asset Allocation - Moderate Growth VP Service Class
TA BlackRock iShares Dynamic Allocation - Balanced Service Class	Transamerica BlackRock iShares Dynamic Allocation - Balanced VP Service Class
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class	Transamerica BlackRock iShares Dynamic Allocation - Moderate Growth VP Service Class
TA BlackRock iShares Edge 100 Service Class	Transamerica BlackRock iShares Edge 100 VP Service Class
TA BlackRock iShares Edge 40 Initial Class	Transamerica BlackRock iShares Edge 40 VP Initial Class
TA BlackRock iShares Edge 40 Service Class	Transamerica BlackRock iShares Edge 40 VP Service Class
TA BlackRock iShares Edge 50 Service Class	Transamerica BlackRock iShares Edge 50 VP Service Class
TA BlackRock iShares Edge 75 Service Class	Transamerica BlackRock iShares Edge 75 VP Service Class
TA BlackRock Tactical Allocation Service Class	Transamerica BlackRock Tactical Allocation VP Service Class
TA Goldman Sachs 70/30 Service Class	Transamerica Goldman Sachs 70/30 VP Service Class
TA International Focus Initial Class	Transamerica International Focus VP Initial Class
TA International Focus Service Class	Transamerica International Focus VP Service Class
TA Janus Balanced Service Class	Transamerica Janus Balanced VP Service Class
TA Janus Mid-Cap Growth Initial Class	Transamerica Janus Mid-Cap Growth VP Initial Class
TA Janus Mid-Cap Growth Service Class	Transamerica Janus Mid-Cap Growth VP Service Class
TA JPMorgan Asset Allocation - Conservative Initial Class	Transamerica JPMorgan Asset Allocation - Conservative VP Initial Class
TA JPMorgan Asset Allocation - Conservative Service Class	Transamerica JPMorgan Asset Allocation - Conservative VP Service Class

42

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

1. Organization (continued)

Subaccount Investment by Mutual Fund:
Subaccount	Mutual Fund
Transamerica Series Trust	Transamerica Series Trust
TA JPMorgan Asset Allocation - Growth Initial Class	Transamerica JPMorgan Asset Allocation - Growth VP Initial Class
TA JPMorgan Asset Allocation - Growth Service Class	Transamerica JPMorgan Asset Allocation - Growth VP Service Class
TA JPMorgan Asset Allocation - Moderate Initial Class	Transamerica JPMorgan Asset Allocation - Moderate VP Initial Class
TA JPMorgan Asset Allocation - Moderate Service Class	Transamerica JPMorgan Asset Allocation - Moderate VP Service Class
TA JPMorgan Asset Allocation - Moderate Growth Initial Class	Transamerica JPMorgan Asset Allocation - Moderate Growth VP Initial Class
TA JPMorgan Asset Allocation - Moderate Growth Service Class	Transamerica JPMorgan Asset Allocation - Moderate Growth VP Service Class
TA JPMorgan Core Bond Service Class	Transamerica JPMorgan Core Bond VP Service Class
TA JPMorgan Enhanced Index Initial Class	Transamerica JPMorgan Enhanced Index VP Initial Class
TA JPMorgan Enhanced Index Service Class	Transamerica JPMorgan Enhanced Index VP Service Class
TA JPMorgan International Moderate Growth Initial Class	Transamerica JPMorgan International Moderate Growth VP Initial Class
TA JPMorgan International Moderate Growth Service Class	Transamerica JPMorgan International Moderate Growth VP Service Class
TA JPMorgan Mid Cap Value Service Class	Transamerica JPMorgan Mid Cap Value VP Service Class
TA JPMorgan Tactical Allocation Service Class	Transamerica JPMorgan Tactical Allocation VP Service Class
TA Madison Diversified Income Service Class	Transamerica Madison Diversified Income VP Service Class
TA Managed Risk - Balanced ETF Service Class	Transamerica Managed Risk - Balanced ETF VP Service Class
TA Managed Risk - Conservative ETF Service Class	Transamerica Managed Risk - Conservative ETF VP Service Class
TA Managed Risk - Growth ETF Service Class	Transamerica Managed Risk - Growth ETF VP Service Class
TA Market Participation Strategy Service Class	Transamerica Market Participation Strategy VP Service Class
TA Morgan Stanley Capital Growth Initial Class	Transamerica Morgan Stanley Capital Growth VP Initial Class
TA Morgan Stanley Capital Growth Service Class	Transamerica Morgan Stanley Capital Growth VP Service Class
TA Morgan Stanley Global Allocation Service Class	Transamerica Morgan Stanley Global Allocation VP Service Class
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class	Transamerica Morgan Stanley Global Allocation Managed Risk - Balanced VP Service Class
TA MSCI EAFE Index Service Class	Transamerica MSCI EAFE Index VP Service Class
TA Multi-Managed Balanced Initial Class	Transamerica Multi-Managed Balanced VP Initial Class
TA Multi-Managed Balanced Service Class	Transamerica Multi-Managed Balanced VP Service Class
TA PIMCO Tactical - Balanced Service Class	Transamerica PIMCO Tactical - Balanced VP Service Class
TA PIMCO Tactical - Conservative Service Class	Transamerica PIMCO Tactical - Conservative VP Service Class
TA PIMCO Tactical - Growth Service Class	Transamerica PIMCO Tactical - Growth VP Service Class
TA PIMCO Total Return Initial Class	Transamerica PIMCO Total Return VP Initial Class
TA PIMCO Total Return Service Class	Transamerica PIMCO Total Return VP Service Class
TA PineBridge Inflation Opportunities Service Class	Transamerica PineBridge Inflation Opportunities VP Service Class
TA ProFunds UltraBear Service Class (OAM)	Transamerica ProFunds UltraBear VP Service Class (OAM)
TA Rothschild & Co Large Cap Value Service Class	Transamerica Rothschild & Co Large Cap Value VP Service Class
TA S&P 500 Index Service Class	Transamerica S&P 500 Index VP Service Class
TA Small/Mid Cap Value Initial Class	Transamerica Small/Mid Cap Value VP Initial Class
TA Small/Mid Cap Value Service Class	Transamerica Small/Mid Cap Value VP Service Class

43

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

1. Organization (continued)

Subaccount Investment by Mutual Fund:
Subaccount	Mutual Fund
Transamerica Series Trust	Transamerica Series Trust
TA T. Rowe Price Small Cap Initial Class	Transamerica T. Rowe Price Small Cap VP Initial Class
TA T. Rowe Price Small Cap Service Class	Transamerica T. Rowe Price Small Cap VP Service Class
TA TS&W International Equity Initial Class	Transamerica TS&W International Equity VP Initial Class
TA TS&W International Equity Service Class	Transamerica TS&W International Equity VP Service Class
TA WMC US Growth Initial Class	Transamerica WMC US Growth VP Initial Class
TA WMC US Growth Service Class	Transamerica WMC US Growth VP Service Class
Vanguard® Variable Insurance Fund	Vanguard® Variable Insurance Fund
Vanguard® Balanced	Vanguard® Balanced Portfolio
Vanguard® Capital Growth	Vanguard® Capital Growth Portfolio
Vanguard® Conservative Allocation	Vanguard® Conservative Allocation Portfolio
Vanguard® Diversified Value	Vanguard® Diversified Value Portfolio
Vanguard® Equity Income	Vanguard® Equity Income Portfolio
Vanguard® Equity Index	Vanguard® Equity Index Portfolio
Vanguard® Global Bond Index	Vanguard® Global Bond Index Portfolio
Vanguard® Growth	Vanguard® Growth Portfolio
Vanguard® High Yield Bond	Vanguard® High Yield Bond Portfolio
Vanguard® International	Vanguard® International Portfolio
Vanguard® Mid-Cap Index	Vanguard® Mid-Cap Index Portfolio
Vanguard® Moderate Allocation	Vanguard® Moderate Allocation Portfolio
Vanguard® Money Market	Vanguard® Money Market Portfolio
Vanguard® Real Estate Index	Vanguard® Real Estate Index Portfolio
Vanguard® Short-Term Investment Grade	Vanguard® Short-Term Investment Grade Portfolio
Vanguard® Total Bond Market Index	Vanguard® Total Bond Market Index Portfolio
Vanguard® Total International Stock Market Index	Vanguard® Total International Stock Market Index Portfolio
Vanguard® Total Stock Market Index	Vanguard® Total Stock Market Index Portfolio
Voya Investors Trust	Voya Investors Trust
Voya Global Perspectives Class S Shares	Voya Global Perspectives Portfolio Class S Shares
Voya Large Cap Value Class S Shares	Voya Large Cap Value Portfolio Class S Shares
Voya Strategic Allocation Portfolios, Inc.	Voya Strategic Allocation Portfolios, Inc.
Voya Strategic Allocation Conservative Class S Shares	Voya Strategic Allocation Conservative Portfolio Class S Shares
Voya Strategic Allocation Moderate Class S Shares	Voya Strategic Allocation Moderate Portfolio Class S Shares
Wanger Advisors Trust	Wanger Advisors Trust
Wanger International	Wanger International
Wanger USA	Wanger USA
Each period reported on reflects a full twelve month period except as follows:
Subaccount	Inception Date
American Funds - Asset Allocation Class 4 Shares	May 1, 2020
American Funds - Growth Class 4 Shares	May 1, 2020
American Funds - Growth-Income Class 4 Shares	May 1, 2020
American Funds - International Class 4 Shares	May 1, 2020

44

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

1. Organization (continued)

Each period reported on reflects a full twelve month period except as follows:
Subaccount	Inception Date
American Funds - New World Class 4 Shares	May 1, 2020
American Funds - The Bond Fund of America Class 4 Shares	May 1, 2020
Fidelity® VIP Consumer Staples Initial Class	May 1, 2020
Fidelity® VIP Energy Service Class 2	May 1, 2020
Fidelity® VIP Health Care Service Class 2	May 1, 2020
Fidelity® VIP Technology Initial Class	May 1, 2020
Fidelity® VIP Utilities Initial Class	May 1, 2020
TA Goldman Sachs 70/30 Service Class	May 1, 2020
DFA VA Equity Allocation	December 23, 2019
DFA VA Global Bond	December 23, 2019
DFA VA Global Moderate Allocation	December 23, 2019
DFA VA International Small	December 23, 2019
DFA VA International Value	December 23, 2019
DFA VA Short-Term Fixed	December 23, 2019
DFA VA U.S. Large Value	December 23, 2019
DFA VA U.S. Targeted Value	December 23, 2019
Vanguard® Balanced	December 23, 2019
Vanguard® Capital Growth	December 23, 2019
Vanguard® Conservative Allocation	December 23, 2019
Vanguard® Diversified Value	December 23, 2019
Vanguard® Equity Income	December 23, 2019
Vanguard® Global Bond Index	December 23, 2019
Vanguard® Growth	December 23, 2019
Vanguard® High Yield Bond	December 23, 2019
Vanguard® Moderate Allocation	December 23, 2019
Vanguard® Money Market	December 23, 2019
Vanguard® Total International Stock Market Index	December 23, 2019
Vanguard® Total Stock Market Index	December 23, 2019
TA 60/40 Allocation Service Class	May 1, 2018
TA Rothschild & Co Large Cap Value Service Class	May 1, 2018
TA MSCI EAFE Index Service Class	May 1, 2017
TA S&P 500 Index Service Class	May 1, 2017

45

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

1. Organization (continued)

The following subaccount name changes were made effective during the fiscal year ended December 31, 2021:
Subaccount	Formerly
American Funds - The Bond Fund of America Class 2 Shares	American Funds - Bond Class 2 Shares
American Funds - The Bond Fund of America Class 4 Shares	American Funds - Bond Class 4 Shares
TA BlackRock iShares Active Asset Allocation - Conservative Service Class	TA QS Investors Active Asset Allocation - Conservative Service Class
TA BlackRock iShares Active Asset Allocation - Moderate Service Class	TA QS Investors Active Asset Allocation - Moderate Service Class
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class	TA QS Investors Active Asset Allocation - Moderate Growth Service Class
TA BlackRock iShares Dynamic Allocation - Balanced Service Class	TA Legg Mason Dynamic Allocation - Balanced Service Class
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class	TA Legg Mason Dynamic Allocation - Growth Service Class
TA International Focus Initial Class	TA International Growth Initial Class
TA International Focus Service Class	TA International Growth Service Class

46

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

2. Summary of Significant Accounting Policies

The financial statements included herein have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for variable annuity separate accounts registered as unit investment trusts. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions regarding matters that affect the reported amount of assets and liabilities. Actual results could differ from those estimates.

Investments

Net purchase payments received by the Separate Account are invested in the portfolios of the Mutual Funds as selected by the contract owner. Investments are stated at the closing net asset values per share on December 31, 2021.

Realized capital gains and losses from sales of shares in the Separate Account are determined on the first-in, first-out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed) and dividend income is recorded on the ex-dividend date. Unrealized gains or losses from investments in the Mutual Funds are included in the Statements of Operations and Changes in Net Assets.

Dividend Income

Dividends received from the Mutual Fund investments are reinvested to purchase additional mutual fund shares.

Fair Value Measurements and Fair Value Hierarchy

The Accounting Standards Codification^™ (ASC) 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the nature of inputs used to measure fair value and enhances disclosure requirements for fair value measurements.

The Separate Account has categorized its financial instruments into a three level hierarchy which is based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument.

Financial assets and liabilities recorded at fair value on the Statements of Assets and Liabilities are categorized as follows:

Level 1. Unadjusted quoted prices for identical assets or liabilities in an active market.

Level 2. Quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following:

a) Quoted prices for similar assets or liabilities in active markets

b) Quoted prices for identical or similar assets or liabilities in non-active markets

c) Inputs other than quoted market prices that are observable

d) Inputs that are derived principally from or corroborated by observable market data through correlation or other means.

Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. They reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability.    

All investments in the Mutual Funds included in the Statements of Assets and Liabilities are stated at fair value and are based upon published closing NAV per share and therefore are considered Level 1.

There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2021.

47

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

3. Investments

The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2021 were as follows:

Subaccount	Purchases		Sales
AB Balanced Wealth Strategy Class B Shares	$	13,306,908	$	19,050,173
AB Growth and Income Class B Shares		43,604,288		66,188,735
AB Large Cap Growth Class B Shares		3,148,590		9,124,292
American Funds - Asset Allocation Class 2 Shares		69,741,455		136,485,981
American Funds - Asset Allocation Class 4 Shares		22,914,937		1,099,441
American Funds - Growth Class 2 Shares		196,878,446		179,087,110
American Funds - Growth Class 4 Shares		67,497,709		2,518,094
American Funds - Growth-Income Class 2 Shares		49,145,143		111,861,437
American Funds - Growth-Income Class 4 Shares		30,724,301		1,274,398
American Funds - International Class 2 Shares		32,087,800		41,675,350
American Funds - International Class 4 Shares		15,967,435		579,944
American Funds - New World Class 4 Shares		7,609,615		304,638
American Funds - The Bond Fund of America Class 2 Shares		46,925,434		48,609,019
American Funds - The Bond Fund of America Class 4 Shares		14,945,172		2,552,006
BlackRock Basic Value V.I. Class I Shares		3,770,513		4,692,708
BlackRock Global Allocation V.I. Class I Shares		1,748,156		2,063,141
BlackRock High Yield V.I. Class I Shares		661,378		1,018,698
DFA VA Equity Allocation		420,034		70,812
DFA VA Global Bond		1,214,996		19,990
DFA VA Global Moderate Allocation		501,361		436,349
DFA VA International Small		201,681		108,121
DFA VA International Value		380,481		70,068
DFA VA Short-Term Fixed		760,181		73,105
DFA VA U.S. Large Value		359,822		16,273
DFA VA U.S. Targeted Value		383,337		48,759
Fidelity® VIP Balanced Service Class 2		92,276,136		91,216,713
Fidelity® VIP Consumer Staples Initial Class		1,852,156		229,191
Fidelity® VIP Contrafund® Initial Class		106,141		163,634
Fidelity® VIP Contrafund® Service Class 2		183,416,911		154,836,099
Fidelity® VIP Energy Service Class 2		4,636,216		1,120,692
Fidelity® VIP Equity-Income Initial Class		6,915		2,402
Fidelity® VIP Equity-Income Service Class 2		5,263,982		9,507,508
Fidelity® VIP Growth Initial Class		6,786		2,041
Fidelity® VIP Growth Service Class 2		10,663,262		14,247,298
Fidelity® VIP Growth Opportunities Service Class 2		458,241		1,264,663
Fidelity® VIP Health Care Service Class 2		7,174,769		267,643

48

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

3. Investments (continued)

Subaccount	Purchases		Sales
Fidelity® VIP Mid Cap Initial Class	$	13,596	$	5,546
Fidelity® VIP Mid Cap Service Class 2		104,776,467		100,591,394
Fidelity® VIP Technology Initial Class		15,101,949		912,455
Fidelity® VIP Utilities Initial Class		1,058,055		45,297
Fidelity® VIP Value Strategies Initial Class		210,625		55,833
Fidelity® VIP Value Strategies Service Class 2		94,302,386		65,727,529
Franklin Allocation Class 4 Shares		1,212,374		11,527,403
Franklin Income Class 2 Shares		2,619,034		9,711,291
Franklin Mutual Shares Class 2 Shares		368,684		2,378,821
Franklin Templeton Foreign Class 2 Shares		438,318		4,262,521
Invesco V.I. American Franchise Series II Shares		1,061,093		1,944,213
Janus Henderson - Enterprise Service Shares		2,669,372		5,998,398
Janus Henderson - Global Research Service Shares		1,617,349		6,851,605
Janus Henderson - Mid Cap Value Service Shares		13,147		528,715
MFS® New Discovery Service Class		10,568,848		13,172,800
MFS® Total Return Service Class		3,840,722		9,523,144
NVIT Emerging Markets Class D Shares		223		2,535
State Street Total Return V.I.S. Class 3 Shares		17,413,089		11,166,510
TA 60/40 Allocation Service Class		12,766,012		6,204,805
TA Aegon High Yield Bond Initial Class		10,731,553		22,398,763
TA Aegon High Yield Bond Service Class		24,755,579		26,125,211
TA Aegon Sustainable Equity Income Initial Class		8,072,475		65,174,812
TA Aegon Sustainable Equity Income Service Class		9,792,937		27,312,859
TA Aegon U.S. Government Securities Initial Class		23,088,746		32,108,580
TA Aegon U.S. Government Securities Service Class		69,083,135		124,851,093
TA American Funds Managed Risk - Balanced Service Class		40,412,254		109,507,295
TA BlackRock Global Real Estate Securities Initial Class		5,399,709		12,362,503
TA BlackRock Global Real Estate Securities Service Class		15,661,036		19,865,438
TA BlackRock Government Money Market Initial Class		123,542,260		148,135,549
TA BlackRock Government Money Market Service Class		311,876,144		422,522,115
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		15,904,164		45,903,585
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		23,943,201		174,459,281
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		10,618,348		67,578,764
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		104,822,164		122,560,894
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		45,311,434		58,683,150
TA BlackRock iShares Edge 100 Service Class		9,770,655		7,320,526

49

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

3. Investments (continued)

Subaccount	Purchases		Sales
TA BlackRock iShares Edge 40 Initial Class	$	2,514,411	$	4,828,500
TA BlackRock iShares Edge 40 Service Class		17,664,145		39,410,099
TA BlackRock iShares Edge 50 Service Class		53,638,485		30,552,487
TA BlackRock iShares Edge 75 Service Class		32,573,266		32,111,844
TA BlackRock Tactical Allocation Service Class		82,955,894		191,843,142
TA Goldman Sachs 70/30 Service Class		1,744,988		42,361
TA International Focus Initial Class		7,220,540		24,282,494
TA International Focus Service Class		18,338,794		20,418,960
TA Janus Balanced Service Class		102,873,061		155,511,646
TA Janus Mid-Cap Growth Initial Class		16,204,253		27,663,299
TA Janus Mid-Cap Growth Service Class		50,052,335		32,522,174
TA JPMorgan Asset Allocation - Conservative Initial Class		26,006,784		48,351,666
TA JPMorgan Asset Allocation - Conservative Service Class		76,064,751		151,763,086
TA JPMorgan Asset Allocation - Growth Initial Class		39,669,539		96,802,143
TA JPMorgan Asset Allocation - Growth Service Class		37,343,881		43,405,023
TA JPMorgan Asset Allocation - Moderate Initial Class		25,209,972		96,915,164
TA JPMorgan Asset Allocation - Moderate Service Class		250,171,930		686,984,250
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		42,310,453		126,040,293
TA JPMorgan Asset Allocation - Moderate Growth Service Class		200,250,314		509,069,978
TA JPMorgan Core Bond Service Class		59,612,558		52,042,673
TA JPMorgan Enhanced Index Initial Class		30,800,212		42,440,025
TA JPMorgan Enhanced Index Service Class		27,108,597		20,346,599
TA JPMorgan International Moderate Growth Initial Class		1,839		2,138
TA JPMorgan International Moderate Growth Service Class		18,726,168		90,120,870
TA JPMorgan Mid Cap Value Service Class		45,469,711		60,386,041
TA JPMorgan Tactical Allocation Service Class		115,721,296		133,058,556
TA Madison Diversified Income Service Class		17,415,078		61,334,239
TA Managed Risk - Balanced ETF Service Class		323,301,964		684,316,624
TA Managed Risk - Conservative ETF Service Class		41,889,072		96,966,242
TA Managed Risk - Growth ETF Service Class		147,625,889		366,383,818
TA Market Participation Strategy Service Class		57,688,000		75,233,471
TA Morgan Stanley Capital Growth Initial Class		191,685,963		202,126,263
TA Morgan Stanley Capital Growth Service Class		397,897,384		177,166,451
TA Morgan Stanley Global Allocation Service Class		117,405,824		180,377,864
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class		25,674,594		29,869,926
TA MSCI EAFE Index Service Class		12,522,530		7,519,639

50

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

3. Investments (continued)

Subaccount	Purchases		Sales
TA Multi-Managed Balanced Initial Class	$	20,938,162	$	37,932,125
TA Multi-Managed Balanced Service Class		132,433,244		180,266,338
TA PIMCO Tactical - Balanced Service Class		43,100,529		80,920,580
TA PIMCO Tactical - Conservative Service Class		31,600,220		59,849,661
TA PIMCO Tactical - Growth Service Class		30,623,090		58,712,803
TA PIMCO Total Return Initial Class		34,748,015		40,920,956
TA PIMCO Total Return Service Class		94,730,832		96,300,573
TA PineBridge Inflation Opportunities Service Class		22,395,996		21,804,354
TA ProFunds UltraBear Service Class (OAM)		6,958,714		4,266,729
TA Rothschild & Co Large Cap Value Service Class		22,086,651		9,105,109
TA S&P 500 Index Service Class		103,121,706		36,116,438
TA Small/Mid Cap Value Initial Class		3,241,098		26,410,255
TA Small/Mid Cap Value Service Class		43,932,621		48,253,484
TA T. Rowe Price Small Cap Initial Class		28,280,770		44,361,925
TA T. Rowe Price Small Cap Service Class		91,402,590		66,277,931
TA TS&W International Equity Initial Class		10,326,353		21,419,747
TA TS&W International Equity Service Class		12,412,762		11,221,777
TA WMC US Growth Initial Class		104,420,406		140,529,422
TA WMC US Growth Service Class		78,101,810		48,441,223
Vanguard® Balanced		15,092,391		724,837
Vanguard® Capital Growth		1,356,091		30,027
Vanguard® Conservative Allocation		7,414,599		186,573
Vanguard® Diversified Value		1,268,378		12,502
Vanguard® Equity Income		800,323		118,195
Vanguard® Equity Index		6,126,573		3,355,535
Vanguard® Global Bond Index		388,210		111,889
Vanguard® Growth		3,104,359		367,992
Vanguard® High Yield Bond		619,195		118,048
Vanguard® International		5,068,871		1,865,797
Vanguard® Mid-Cap Index		9,514,428		1,108,724
Vanguard® Moderate Allocation		12,845,507		1,246,687
Vanguard® Money Market		8,103,709		4,366,297
Vanguard® Real Estate Index		1,737,309		555,261
Vanguard® Short-Term Investment Grade		4,606,553		2,733,624
Vanguard® Total Bond Market Index		8,302,976		3,416,456
Vanguard® Total International Stock Market Index		2,796,415		389,896

51

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

3. Investments (continued)

Subaccount	Purchases		Sales
Vanguard® Total Stock Market Index	$	8,454,408	$	736,766
Voya Global Perspectives Class S Shares		5,550		405
Voya Large Cap Value Class S Shares		49		141
Voya Strategic Allocation Conservative Class S Shares		-		-
Voya Strategic Allocation Moderate Class S Shares		-		-
Wanger International		128,208		142,146
Wanger USA		-		-

52

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units

The change in units outstanding were as follows:

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
AB Balanced Wealth Strategy Class B Shares		1,309,129		(4,308,306	)		(2,999,177	)		1,457,753		(5,512,935	)		(4,055,182	)
AB Growth and Income Class B Shares		7,300,564		(14,571,879	)		(7,271,315	)		7,008,395		(12,781,282	)		(5,772,887	)
AB Large Cap Growth Class B Shares		119,815		(2,064,632	)		(1,944,817	)		67,568		(1,819,148	)		(1,751,580	)
American Funds - Asset Allocation Class 2 Shares		4,535,666		(26,712,353	)		(22,176,687	)		11,269,856		(30,972,176	)		(19,702,320	)
American Funds - Asset Allocation Class 4 Shares		1,753,088		(75,953	)		1,677,135			50,619		(36	)		50,583
American Funds - Growth Class 2 Shares		2,493,069		(10,439,390	)		(7,946,321	)		10,586,642		(13,735,578	)		(3,148,936	)
American Funds - Growth Class 4 Shares		3,828,959		(135,659	)		3,693,300			237,161		(1,455	)		235,706
American Funds - Growth-Income Class 2 Shares		2,249,497		(8,672,054	)		(6,422,557	)		9,022,104		(11,645,409	)		(2,623,305	)
American Funds - Growth-Income Class 4 Shares		2,187,598		(80,210	)		2,107,388			132,018		(231	)		131,787
American Funds - International Class 2 Shares		3,214,556		(7,470,432	)		(4,255,876	)		5,475,236		(10,724,179	)		(5,248,943	)
American Funds - International Class 4 Shares		1,111,452		(36,787	)		1,074,665			103,982		(59	)		103,923
American Funds - New World Class 4 Shares		501,047		(17,612	)		483,435			27,853		(54	)		27,799
American Funds - The Bond Fund of America Class 2 Shares		8,764,156		(13,659,808	)		(4,895,652	)		21,135,557		(17,777,048	)		3,358,509
American Funds - The Bond Fund of America Class 4 Shares		1,418,488		(243,045	)		1,175,443			50,481		(5,551	)		44,930
BlackRock Basic Value V.I. Class I Shares		194,870		(1,131,770	)		(936,900	)		371,295		(663,911	)		(292,616	)
BlackRock Global Allocation V.I. Class I Shares		64,483		(670,750	)		(606,267	)		113,902		(457,983	)		(344,081	)
BlackRock High Yield V.I. Class I Shares		172,538		(330,037	)		(157,499	)		84,307		(257,804	)		(173,497	)
DFA VA Equity Allocation		27,477		(4,926	)		22,551			39,359		(7	)		39,352
DFA VA Global Bond		121,014		(1,293	)		119,721			13,203		(643	)		12,560
DFA VA Global Moderate Allocation		40,587		(35,731	)		4,856			1,876		(7	)		1,869
DFA VA International Small		13,713		(8,683	)		5,030			24,523		(7	)		24,516
DFA VA International Value		31,926		(5,965	)		25,961			4,842		(13	)		4,829
DFA VA Short-Term Fixed		75,942		(7,177	)		68,765			22,707		(13,470	)		9,237
DFA VA U.S. Large Value		29,783		(1,307	)		28,476			24,194		(351	)		23,843
DFA VA U.S. Targeted Value		25,633		(3,662	)		21,971			13,882		-			13,882
Fidelity® VIP Balanced Service Class 2		6,607,215		(17,931,941	)		(11,324,726	)		9,967,267		(21,290,656	)		(11,323,389	)
Fidelity® VIP Consumer Staples Initial Class		139,829		(16,986	)		122,843			613		-			613

53

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
Fidelity® VIP Contrafund® Initial Class		2,679		(19,465	)		(16,786	)		12,076		(12,882	)		(806	)
Fidelity® VIP Contrafund® Service Class 2		6,060,763		(20,140,575	)		(14,079,812	)		13,757,144		(22,157,211	)		(8,400,067	)
Fidelity® VIP Energy Service Class 2		299,147		(76,056	)		223,091			3,633		(13	)		3,620
Fidelity® VIP Equity-Income Initial Class		-		(810	)		(810	)		-		(862	)		(862	)
Fidelity® VIP Equity-Income Service Class 2		112,026		(3,241,835	)		(3,129,809	)		108,462		(2,160,555	)		(2,052,093	)
Fidelity® VIP Growth Initial Class		-		(390	)		(390	)		-		(412	)		(412	)
Fidelity® VIP Growth Service Class 2		97,333		(3,245,905	)		(3,148,572	)		89,747		(1,546,371	)		(1,456,624	)
Fidelity® VIP Growth Opportunities Service Class 2		9,701		(191,946	)		(182,245	)		20,738		(103,448	)		(82,710	)
Fidelity® VIP Health Care Service Class 2		560,517		(18,592	)		541,925			21,766		(29	)		21,737
Fidelity® VIP Mid Cap Initial Class		70		(1,502	)		(1,432	)		160		(1,028	)		(868	)
Fidelity® VIP Mid Cap Service Class 2		3,832,595		(13,842,138	)		(10,009,543	)		6,574,647		(13,461,345	)		(6,886,698	)
Fidelity® VIP Technology Initial Class		820,205		(44,376	)		775,829			41,937		(24	)		41,913
Fidelity® VIP Utilities Initial Class		86,136		(3,223	)		82,913			2,167		(6	)		2,161
Fidelity® VIP Value Strategies Initial Class		7,586		(13,078	)		(5,492	)		473		(16,457	)		(15,984	)
Fidelity® VIP Value Strategies Service Class 2		10,458,652		(11,676,784	)		(1,218,132	)		6,448,293		(9,118,117	)		(2,669,824	)
Franklin Allocation Class 4 Shares		52,277		(4,116,339	)		(4,064,062	)		91,327		(4,985,264	)		(4,893,937	)
Franklin Income Class 2 Shares		187,005		(5,311,367	)		(5,124,362	)		304,812		(5,890,194	)		(5,585,382	)
Franklin Mutual Shares Class 2 Shares		25,174		(1,369,011	)		(1,343,837	)		61,716		(1,215,035	)		(1,153,319	)
Franklin Templeton Foreign Class 2 Shares		99,371		(3,762,766	)		(3,663,395	)		70,220		(3,213,041	)		(3,142,821	)
Invesco V.I. American Franchise Series II Shares		27,211		(516,671	)		(489,460	)		1,087		(272,529	)		(271,442	)
Janus Henderson - Enterprise Service Shares		117,716		(1,387,379	)		(1,269,663	)		182,354		(1,154,106	)		(971,752	)
Janus Henderson - Global Research Service Shares		133,556		(3,178,548	)		(3,044,992	)		143,035		(2,106,569	)		(1,963,534	)
Janus Henderson - Mid Cap Value Service Shares		1,530		(159,492	)		(157,962	)		1,638		(67,833	)		(66,195	)
MFS® New Discovery Service Class		273,954		(2,411,748	)		(2,137,794	)		32,174		(1,998,785	)		(1,966,611	)
MFS® Total Return Service Class		519,611		(3,615,160	)		(3,095,549	)		76,626		(2,347,039	)		(2,270,413	)
NVIT Emerging Markets Class D Shares		-		(157	)		(157	)		-		(21	)		(21	)
State Street Total Return V.I.S. Class 3 Shares		1,460,182		(3,395,703	)		(1,935,521	)		1,282,229		(4,576,901	)		(3,294,672	)

54

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
TA 60/40 Allocation Service Class		2,784,327		(1,266,087	)		1,518,240			3,503,847		(1,576,584	)		1,927,263
TA Aegon High Yield Bond Initial Class		2,892,361		(8,121,432	)		(5,229,071	)		4,127,786		(6,485,834	)		(2,358,048	)
TA Aegon High Yield Bond Service Class		2,202,540		(4,906,355	)		(2,703,815	)		6,989,417		(10,204,820	)		(3,215,403	)
TA Aegon Sustainable Equity Income Initial Class		887,892		(21,412,505	)		(20,524,613	)		761,405		(15,546,958	)		(14,785,553	)
TA Aegon Sustainable Equity Income Service Class		1,008,478		(6,138,688	)		(5,130,210	)		4,109,860		(9,497,367	)		(5,387,507	)
TA Aegon U.S. Government Securities Initial Class		10,652,783		(18,053,098	)		(7,400,315	)		23,136,880		(15,653,668	)		7,483,212
TA Aegon U.S. Government Securities Service Class		9,117,649		(28,186,904	)		(19,069,255	)		96,063,763		(86,858,291	)		9,205,472
TA American Funds Managed Risk - Balanced Service Class		2,470,771		(7,315,028	)		(4,844,257	)		7,767,718		(6,773,830	)		993,888
TA BlackRock Global Real Estate Securities Initial Class		1,493,097		(3,775,353	)		(2,282,256	)		893,541		(2,652,790	)		(1,759,249	)
TA BlackRock Global Real Estate Securities Service Class		1,792,506		(4,495,374	)		(2,702,868	)		3,283,917		(5,829,518	)		(2,545,601	)
TA BlackRock Government Money Market Initial Class		119,983,973		(141,048,949	)		(21,064,976	)		99,558,923		(62,593,412	)		36,965,511
TA BlackRock Government Money Market Service Class		113,003,795		(149,282,935	)		(36,279,140	)		225,467,459		(172,312,349	)		53,155,110
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		2,558,565		(14,528,248	)		(11,969,683	)		2,749,911		(21,081,788	)		(18,331,877	)
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		2,157,188		(38,613,761	)		(36,456,573	)		4,750,566		(43,022,430	)		(38,271,864	)
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		1,994,394		(21,145,456	)		(19,151,062	)		3,674,991		(27,980,828	)		(24,305,837	)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		2,362,419		(21,293,935	)		(18,931,516	)		6,716,406		(23,946,598	)		(17,230,192	)
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		2,079,832		(11,753,732	)		(9,673,900	)		4,292,167		(12,750,664	)		(8,458,497	)
TA BlackRock iShares Edge 100 Service Class		442,575		(384,851	)		57,724			1,260,606		(878,884	)		381,722
TA BlackRock iShares Edge 40 Initial Class		888,626		(2,235,096	)		(1,346,470	)		2,307,624		(1,867,409	)		440,215
TA BlackRock iShares Edge 40 Service Class		1,595,334		(13,474,613	)		(11,879,279	)		3,814,445		(16,990,328	)		(13,175,883	)
TA BlackRock iShares Edge 50 Service Class		3,109,395		(1,909,815	)		1,199,580			10,701,936		(1,752,655	)		8,949,281
TA BlackRock iShares Edge 75 Service Class		1,771,244		(1,941,557	)		(170,313	)		4,213,709		(1,656,457	)		2,557,252
TA BlackRock Tactical Allocation Service Class		3,726,351		(45,645,998	)		(41,919,647	)		6,538,999		(56,223,717	)		(49,684,718	)
TA Goldman Sachs 70/30 Service Class		129,996		(2,188	)		127,808			1,613		-			1,613
TA International Focus Initial Class		2,839,381		(10,483,022	)		(7,643,641	)		3,590,616		(8,710,871	)		(5,120,255	)
TA International Focus Service Class		1,583,286		(2,873,884	)		(1,290,598	)		2,291,475		(4,187,636	)		(1,896,161	)

55

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
TA Janus Balanced Service Class		6,718,257		(24,746,642	)		(18,028,385	)		17,201,080		(30,536,014	)		(13,334,934	)
TA Janus Mid-Cap Growth Initial Class		1,653,203		(9,042,692	)		(7,389,489	)		1,909,436		(6,306,226	)		(4,396,790	)
TA Janus Mid-Cap Growth Service Class		1,441,425		(3,312,794	)		(1,871,369	)		4,122,341		(4,819,543	)		(697,202	)
TA JPMorgan Asset Allocation - Conservative Initial Class		9,196,569		(21,495,725	)		(12,299,156	)		11,756,297		(13,887,738	)		(2,131,441	)
TA JPMorgan Asset Allocation - Conservative Service Class		9,043,803		(44,438,694	)		(35,394,891	)		11,464,054		(53,061,660	)		(41,597,606	)
TA JPMorgan Asset Allocation - Growth Initial Class		4,560,572		(28,040,674	)		(23,480,102	)		4,515,482		(13,100,943	)		(8,585,461	)
TA JPMorgan Asset Allocation - Growth Service Class		1,521,100		(7,697,181	)		(6,176,081	)		6,274,990		(12,555,362	)		(6,280,372	)
TA JPMorgan Asset Allocation - Moderate Initial Class		6,710,377		(37,480,895	)		(30,770,518	)		9,533,691		(22,088,504	)		(12,554,813	)
TA JPMorgan Asset Allocation - Moderate Service Class		13,655,847		(150,587,346	)		(136,931,499	)		31,252,533		(161,446,300	)		(130,193,767	)
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		6,494,183		(42,844,304	)		(36,350,121	)		8,196,400		(21,685,641	)		(13,489,241	)
TA JPMorgan Asset Allocation - Moderate Growth Service Class		8,000,897		(131,208,397	)		(123,207,500	)		11,134,808		(137,111,723	)		(125,976,915	)
TA JPMorgan Core Bond Service Class		6,323,409		(13,202,167	)		(6,878,758	)		17,120,323		(15,018,027	)		2,102,296
TA JPMorgan Enhanced Index Initial Class		3,034,412		(9,431,144	)		(6,396,732	)		3,872,371		(8,341,108	)		(4,468,737	)
TA JPMorgan Enhanced Index Service Class		812,553		(1,681,883	)		(869,330	)		2,108,404		(2,743,222	)		(634,818	)
TA JPMorgan International Moderate Growth Initial Class		-		(889	)		(889	)		223		(524	)		(301	)
TA JPMorgan International Moderate Growth Service Class		3,428,233		(35,034,111	)		(31,605,878	)		4,566,644		(39,297,262	)		(34,730,618	)
TA JPMorgan Mid Cap Value Service Class		5,574,930		(9,662,100	)		(4,087,170	)		5,509,486		(10,104,384	)		(4,594,898	)
TA JPMorgan Tactical Allocation Service Class		2,721,552		(25,222,152	)		(22,500,600	)		8,273,058		(33,283,736	)		(25,010,678	)
TA Madison Diversified Income Service Class		2,576,523		(10,883,532	)		(8,307,009	)		4,987,210		(12,610,337	)		(7,623,127	)
TA Managed Risk - Balanced ETF Service Class		4,816,053		(134,739,588	)		(129,923,535	)		10,979,431		(132,005,942	)		(121,026,511	)
TA Managed Risk - Conservative ETF Service Class		5,456,296		(29,532,251	)		(24,075,955	)		8,409,836		(31,961,746	)		(23,551,910	)
TA Managed Risk - Growth ETF Service Class		3,864,703		(94,763,551	)		(90,898,848	)		9,288,302		(99,828,736	)		(90,540,434	)
TA Market Participation Strategy Service Class		2,515,728		(9,936,939	)		(7,421,211	)		7,012,496		(13,479,349	)		(6,466,853	)
TA Morgan Stanley Capital Growth Initial Class		1,861,709		(21,372,707	)		(19,510,998	)		5,249,934		(15,702,465	)		(10,452,531	)
TA Morgan Stanley Capital Growth Service Class		3,201,837		(6,151,783	)		(2,949,946	)		7,580,724		(8,532,270	)		(951,546	)
TA Morgan Stanley Global Allocation Service Class		3,668,463		(51,587,675	)		(47,919,212	)		5,302,181		(58,414,654	)		(53,112,473	)
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class		967,241		(2,262,042	)		(1,294,801	)		2,237,135		(2,506,686	)		(269,551	)

56

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
TA MSCI EAFE Index Service Class		940,151		(555,663	)		384,488			1,578,770		(488,602	)		1,090,168
TA Multi-Managed Balanced Initial Class		4,032,393		(10,243,752	)		(6,211,359	)		4,789,856		(4,884,079	)		(94,223	)
TA Multi-Managed Balanced Service Class		4,713,224		(21,391,388	)		(16,678,164	)		9,010,832		(27,917,594	)		(18,906,762	)
TA PIMCO Tactical - Balanced Service Class		1,299,369		(17,299,882	)		(16,000,513	)		8,897,802		(20,707,308	)		(11,809,506	)
TA PIMCO Tactical - Conservative Service Class		3,439,774		(14,230,087	)		(10,790,313	)		17,353,170		(21,932,687	)		(4,579,517	)
TA PIMCO Tactical - Growth Service Class		1,803,943		(9,045,882	)		(7,241,939	)		3,730,844		(11,965,080	)		(8,234,236	)
TA PIMCO Total Return Initial Class		13,605,630		(22,476,338	)		(8,870,708	)		17,747,801		(22,540,818	)		(4,793,017	)
TA PIMCO Total Return Service Class		9,352,874		(33,893,569	)		(24,540,695	)		17,170,228		(49,614,676	)		(32,444,448	)
TA PineBridge Inflation Opportunities Service Class		6,869,152		(9,170,446	)		(2,301,294	)		3,428,649		(11,041,030	)		(7,612,381	)
TA ProFunds UltraBear Service Class (OAM)		830,713,868		(544,981,308	)		285,732,560			1,606,068,029		(1,325,487,124	)		280,580,905
TA Rothschild & Co Large Cap Value Service Class		4,221,747		(1,765,304	)		2,456,443			2,680,661		(843,889	)		1,836,772
TA S&P 500 Index Service Class		5,334,937		(1,842,575	)		3,492,362			8,814,971		(3,319,337	)		5,495,634
TA Small/Mid Cap Value Initial Class		285,427		(3,377,379	)		(3,091,952	)		188,127		(1,984,055	)		(1,795,928	)
TA Small/Mid Cap Value Service Class		3,645,090		(5,713,123	)		(2,068,033	)		4,629,970		(6,957,448	)		(2,327,478	)
TA T. Rowe Price Small Cap Initial Class		2,962,245		(9,462,622	)		(6,500,377	)		1,993,343		(6,055,719	)		(4,062,376	)
TA T. Rowe Price Small Cap Service Class		2,331,629		(5,246,366	)		(2,914,737	)		4,925,419		(7,331,743	)		(2,406,324	)
TA TS&W International Equity Initial Class		3,903,975		(8,608,908	)		(4,704,933	)		3,326,139		(6,066,527	)		(2,740,388	)
TA TS&W International Equity Service Class		1,489,390		(2,098,455	)		(609,065	)		1,993,182		(2,518,533	)		(525,351	)
TA WMC US Growth Initial Class		4,764,107		(31,975,089	)		(27,210,982	)		7,474,463		(22,468,450	)		(14,993,987	)
TA WMC US Growth Service Class		1,363,084		(3,756,770	)		(2,393,686	)		4,777,076		(7,318,195	)		(2,541,119	)
Vanguard® Balanced		1,240,255		(50,939	)		1,189,316			88,512		(10,435	)		78,077
Vanguard® Capital Growth		97,817		(2,057	)		95,760			22,417		(765	)		21,652
Vanguard® Conservative Allocation		635,698		(11,564	)		624,134			41,815		(206	)		41,609
Vanguard® Diversified Value		91,947		(798	)		91,149			5,420		(8	)		5,412
Vanguard® Equity Income		65,708		(9,746	)		55,962			14,633		(47	)		14,586
Vanguard® Equity Index		315,531		(220,360	)		95,171			52,178		(424,087	)		(371,909	)
Vanguard® Global Bond Index		37,040		(10,608	)		26,432			3,894		-			3,894

57

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
Vanguard® Growth		187,616		(21,136	)		166,480			42,488		(1,325	)		41,163
Vanguard® High Yield Bond		57,401		(10,801	)		46,600			4,321		(129	)		4,192
Vanguard® International		179,840		(81,678	)		98,162			102,788		(302,164	)		(199,376	)
Vanguard® Mid-Cap Index		348,737		(45,875	)		302,862			86,020		(208,245	)		(122,225	)
Vanguard® Moderate Allocation		1,053,816		(96,362	)		957,454			281,743		(1,384	)		280,359
Vanguard® Money Market		809,433		(435,588	)		373,845			130,459		(43,569	)		86,890
Vanguard® Real Estate Index		89,844		(39,814	)		50,030			52,576		(87,906	)		(35,330	)
Vanguard® Short-Term Investment Grade		468,880		(404,342	)		64,538			383,578		(421,009	)		(37,431	)
Vanguard® Total Bond Market Index		925,491		(482,048	)		443,443			284,492		(118,995	)		165,497
Vanguard® Total International Stock Market Index		230,788		(31,419	)		199,369			43,318		(1,872	)		41,446
Vanguard® Total Stock Market Index		612,625		(50,689	)		561,936			92,503		(6,579	)		85,924
Voya Global Perspectives Class S Shares		278		(1	)		277			321		(131	)		190
Voya Large Cap Value Class S Shares		-		(8	)		(8	)		4		-			4
Voya Strategic Allocation Conservative Class S Shares		-		-			-			-		-			-
Voya Strategic Allocation Moderate Class S Shares		-		-			-			-		-			-
Wanger International		6,994		(14,924	)		(7,930	)		948		(18,313	)		(17,365	)
Wanger USA		-		-			-			-		-			-

58

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)
AB Balanced Wealth Strategy Class B Shares	$	10,986,860	$	(17,642,239	)	$	(6,655,379	)	$	9,212,846	$	(18,432,431	)	$	(9,219,585	)
AB Growth and Income Class B Shares		42,366,286		(62,798,526	)		(20,432,240	)		34,201,025		(46,156,425	)		(11,955,400	)
AB Large Cap Growth Class B Shares		493,484		(8,589,411	)		(8,095,927	)		206,264		(5,787,220	)		(5,580,956	)
American Funds - Asset Allocation Class 2 Shares		28,901,649		(123,635,678	)		(94,734,029	)		93,525,325		(134,457,977	)		(40,932,652	)
American Funds - Asset Allocation Class 4 Shares		22,355,358		(983,614	)		21,371,744			576,879		(424	)		576,455
American Funds - Growth Class 2 Shares		55,896,533		(164,591,192	)		(108,694,659	)		174,023,554		(146,666,388	)		27,357,166
American Funds - Growth Class 4 Shares		62,952,450		(2,330,830	)		60,621,620			3,293,133		(18,765	)		3,274,368
American Funds - Growth-Income Class 2 Shares		36,007,482		(102,391,949	)		(66,384,467	)		124,550,289		(97,391,772	)		27,158,517
American Funds - Growth-Income Class 4 Shares		30,459,822		(1,156,145	)		29,303,677			1,552,580		(2,812	)		1,549,768
American Funds - International Class 2 Shares		27,209,031		(38,989,605	)		(11,780,574	)		44,945,312		(42,354,610	)		2,590,702
American Funds - International Class 4 Shares		15,661,544		(513,720	)		15,147,824			1,310,285		(762	)		1,309,523
American Funds - New World Class 4 Shares		7,474,626		(269,369	)		7,205,257			367,371		(726	)		366,645
American Funds - The Bond Fund of America Class 2 Shares		33,520,250		(45,677,832	)		(12,157,582	)		100,436,998		(64,797,763	)		35,639,235
American Funds - The Bond Fund of America Class 4 Shares		14,499,128		(2,485,248	)		12,013,880			521,539		(57,436	)		464,103
BlackRock Basic Value V.I. Class I Shares		730,093		(4,381,953	)		(3,651,860	)		1,058,762		(1,868,242	)		(809,480	)
BlackRock Global Allocation V.I. Class I Shares		160,119		(1,888,211	)		(1,728,092	)		213,617		(1,051,024	)		(837,407	)
BlackRock High Yield V.I. Class I Shares		501,850		(971,614	)		(469,764	)		232,197		(653,148	)		(420,951	)
DFA VA Equity Allocation		369,614		(68,371	)		301,243			423,092		(71	)		423,021
DFA VA Global Bond		1,205,901		(12,926	)		1,192,975			133,311		(6,487	)		126,824
DFA VA Global Moderate Allocation		500,207		(436,088	)		64,119			18,498		(72	)		18,426
DFA VA International Small		167,497		(107,242	)		60,255			238,407		(71	)		238,336
DFA VA International Value		367,659		(69,510	)		298,149			38,721		(111	)		38,610
DFA VA Short-Term Fixed		760,151		(71,794	)		688,357			227,871		(135,241	)		92,630
DFA VA U.S. Large Value		350,071		(14,930	)		335,141			203,349		(3,270	)		200,079
DFA VA U.S. Targeted Value		343,955		(47,895	)		296,060			127,575		(1	)		127,574
Fidelity® VIP Balanced Service Class 2		46,957,241		(84,589,856	)		(37,632,615	)		65,436,744		(74,749,109	)		(9,312,365	)
Fidelity® VIP Consumer Staples Initial Class		1,798,545		(221,224	)		1,577,321			7,350		-			7,350

59

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)
Fidelity® VIP Contrafund® Initial Class	$	79,791	$	(162,208	)	$	(82,417	)	$	269,675	$	(275,663	)	$	(5,988	)
Fidelity® VIP Contrafund® Service Class 2		68,673,450		(144,259,315	)		(75,585,865	)		119,871,594		(123,769,158	)		(3,897,564	)
Fidelity® VIP Energy Service Class 2		4,585,763		(1,101,421	)		3,484,342			35,807		(131	)		35,676
Fidelity® VIP Equity-Income Initial Class		-		(2,026	)		(2,026	)		-		(1,725	)		(1,725	)
Fidelity® VIP Equity-Income Service Class 2		315,177		(8,906,726	)		(8,591,549	)		209,514		(4,488,325	)		(4,278,811	)
Fidelity® VIP Growth Initial Class		-		(1,775	)		(1,775	)		-		(1,455	)		(1,455	)
Fidelity® VIP Growth Service Class 2		437,496		(13,510,442	)		(13,072,946	)		320,370		(4,874,954	)		(4,554,584	)
Fidelity® VIP Growth Opportunities Service Class 2		61,876		(1,196,844	)		(1,134,968	)		67,501		(445,653	)		(378,152	)
Fidelity® VIP Health Care Service Class 2		7,116,014		(238,117	)		6,877,897			249,096		(337	)		248,759
Fidelity® VIP Mid Cap Initial Class		1,749		(5,100	)		(3,351	)		2,409		(3,238	)		(829	)
Fidelity® VIP Mid Cap Service Class 2		37,120,520		(95,385,617	)		(58,265,097	)		47,882,573		(60,368,672	)		(12,486,099	)
Fidelity® VIP Technology Initial Class		14,502,653		(845,721	)		13,656,932			645,050		(342	)		644,708
Fidelity® VIP Utilities Initial Class		1,044,352		(39,094	)		1,005,258			24,573		(64	)		24,509
Fidelity® VIP Value Strategies Initial Class		170,538		(53,581	)		116,957			3,254		(104,978	)		(101,724	)
Fidelity® VIP Value Strategies Service Class 2		73,082,277		(63,202,710	)		9,879,567			35,283,351		(36,335,817	)		(1,052,466	)
Franklin Allocation Class 4 Shares		135,350		(10,402,857	)		(10,267,507	)		207,487		(10,782,702	)		(10,575,215	)
Franklin Income Class 2 Shares		311,569		(8,996,985	)		(8,685,416	)		417,822		(8,509,659	)		(8,091,837	)
Franklin Mutual Shares Class 2 Shares		39,025		(2,205,149	)		(2,166,124	)		71,080		(1,506,068	)		(1,434,988	)
Franklin Templeton Foreign Class 2 Shares		106,500		(3,993,422	)		(3,886,922	)		58,009		(2,789,118	)		(2,731,109	)
Invesco V.I. American Franchise Series II Shares		98,820		(1,815,551	)		(1,716,731	)		2,753		(725,932	)		(723,179	)
Janus Henderson - Enterprise Service Shares		478,406		(5,653,797	)		(5,175,391	)		461,482		(3,343,492	)		(2,882,010	)
Janus Henderson - Global Research Service Shares		264,830		(6,469,488	)		(6,204,658	)		208,997		(3,366,718	)		(3,157,721	)
Janus Henderson - Mid Cap Value Service Shares		4,712		(485,063	)		(480,351	)		4,425		(162,565	)		(158,140	)
MFS® New Discovery Service Class		1,357,603		(12,392,211	)		(11,034,608	)		111,300		(7,185,154	)		(7,073,854	)
MFS® Total Return Service Class		1,265,658		(8,938,227	)		(7,672,569	)		158,183		(4,702,351	)		(4,544,168	)
NVIT Emerging Markets Class D Shares		-		(2,424	)		(2,424	)		-		(260	)		(260	)
State Street Total Return V.I.S. Class 3 Shares		9,373,767		(10,394,983	)		(1,021,216	)		6,405,272		(10,247,148	)		(3,841,876	)

60

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)
TA 60/40 Allocation Service Class	$	11,059,033	$	(5,690,502	)	$	5,368,531		$	17,989,665	$	(5,651,106	)	$	12,338,559
TA Aegon High Yield Bond Initial Class		7,378,503		(21,540,300	)		(14,161,797	)		9,848,733		(14,924,496	)		(5,075,763	)
TA Aegon High Yield Bond Service Class		17,873,306		(24,643,028	)		(6,769,722	)		33,635,699		(42,112,659	)		(8,476,960	)
TA Aegon Sustainable Equity Income Initial Class		2,456,101		(61,263,538	)		(58,807,437	)		1,715,638		(35,535,292	)		(33,819,654	)
TA Aegon Sustainable Equity Income Service Class		7,289,675		(25,534,009	)		(18,244,334	)		24,367,258		(33,836,800	)		(9,469,542	)
TA Aegon U.S. Government Securities Initial Class		16,934,479		(31,111,055	)		(14,176,576	)		40,491,490		(27,459,215	)		13,032,275
TA Aegon U.S. Government Securities Service Class		51,978,055		(122,262,085	)		(70,284,030	)		478,664,630		(414,775,946	)		63,888,684
TA American Funds Managed Risk - Balanced Service Class		33,136,281		(97,911,194	)		(64,774,913	)		90,723,346		(80,012,509	)		10,710,837
TA BlackRock Global Real Estate Securities Initial Class		4,449,320		(11,835,076	)		(7,385,756	)		2,484,992		(6,888,022	)		(4,403,030	)
TA BlackRock Global Real Estate Securities Service Class		13,948,808		(18,843,721	)		(4,894,913	)		16,967,210		(18,868,655	)		(1,901,445	)
TA BlackRock Government Money Market Initial Class		123,871,503		(146,519,761	)		(22,648,258	)		107,625,993		(68,901,891	)		38,724,102
TA BlackRock Government Money Market Service Class		313,578,624		(416,793,849	)		(103,215,225	)		728,890,832		(457,893,499	)		270,997,333
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		8,010,155		(42,208,924	)		(34,198,769	)		13,737,213		(52,477,338	)		(38,740,125	)
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		14,123,959		(159,583,175	)		(145,459,216	)		29,699,222		(144,916,953	)		(115,217,731	)
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		9,061,255		(62,574,862	)		(53,513,607	)		11,922,782		(70,358,191	)		(58,435,409	)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		11,256,101		(111,112,321	)		(99,856,220	)		32,544,117		(95,863,874	)		(63,319,757	)
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		8,804,795		(53,738,989	)		(44,934,194	)		19,084,033		(49,737,875	)		(30,653,842	)
TA BlackRock iShares Edge 100 Service Class		7,733,964		(6,665,278	)		1,068,686			17,329,345		(12,104,200	)		5,225,145
TA BlackRock iShares Edge 40 Initial Class		1,783,241		(4,548,628	)		(2,765,387	)		4,237,696		(3,191,712	)		1,045,984
TA BlackRock iShares Edge 40 Service Class		7,956,248		(35,870,785	)		(27,914,537	)		26,222,790		(45,768,467	)		(19,545,677	)
TA BlackRock iShares Edge 50 Service Class		43,348,007		(26,599,711	)		16,748,296			133,817,814		(21,669,006	)		112,148,808
TA BlackRock iShares Edge 75 Service Class		27,305,699		(30,165,823	)		(2,860,124	)		54,684,577		(21,299,279	)		33,385,298
TA BlackRock Tactical Allocation Service Class		14,938,187		(176,241,661	)		(161,303,474	)		27,459,439		(172,076,219	)		(144,616,780	)
TA Goldman Sachs 70/30 Service Class		1,709,409		(29,809	)		1,679,600			20,000		-			20,000

61

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)
TA International Focus Initial Class	$	6,305,870	$	(23,151,049	)	$	(16,845,179	)	$	6,078,694	$	(15,024,245	)	$	(8,945,551	)
TA International Focus Service Class		17,432,553		(19,168,109	)		(1,735,556	)		15,156,822		(19,522,381	)		(4,365,559	)
TA Janus Balanced Service Class		45,133,378		(142,153,875	)		(97,020,497	)		84,503,205		(121,377,700	)		(36,874,495	)
TA Janus Mid-Cap Growth Initial Class		4,837,012		(26,411,814	)		(21,574,802	)		4,291,275		(13,542,379	)		(9,251,104	)
TA Janus Mid-Cap Growth Service Class		23,339,581		(30,475,230	)		(7,135,649	)		49,807,386		(30,998,983	)		18,808,403
TA JPMorgan Asset Allocation - Conservative Initial Class		19,433,767		(45,931,879	)		(26,498,112	)		21,773,267		(26,489,978	)		(4,716,711	)
TA JPMorgan Asset Allocation - Conservative Service Class		40,692,435		(139,581,799	)		(98,889,364	)		48,988,630		(146,435,289	)		(97,446,659	)
TA JPMorgan Asset Allocation - Growth Initial Class		14,423,005		(92,116,684	)		(77,693,679	)		11,489,701		(30,389,557	)		(18,899,856	)
TA JPMorgan Asset Allocation - Growth Service Class		16,622,025		(39,974,067	)		(23,352,042	)		33,356,926		(48,561,049	)		(15,204,123	)
TA JPMorgan Asset Allocation - Moderate Initial Class		15,880,511		(91,376,212	)		(75,495,701	)		19,333,207		(45,433,307	)		(26,100,100	)
TA JPMorgan Asset Allocation - Moderate Service Class		110,371,846		(613,502,040	)		(503,130,194	)		318,070,996		(455,488,832	)		(137,417,836	)
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		18,094,623		(118,435,383	)		(100,340,760	)		17,913,840		(46,837,202	)		(28,923,362	)
TA JPMorgan Asset Allocation - Moderate Growth Service Class		53,034,341		(463,717,916	)		(410,683,575	)		70,058,913		(388,507,272	)		(318,448,359	)
TA JPMorgan Core Bond Service Class		42,853,020		(49,674,102	)		(6,821,082	)		83,764,440		(47,143,197	)		36,621,243
TA JPMorgan Enhanced Index Initial Class		12,449,599		(40,328,174	)		(27,878,575	)		11,401,088		(25,772,989	)		(14,371,901	)
TA JPMorgan Enhanced Index Service Class		14,204,709		(19,081,526	)		(4,876,817	)		26,931,032		(22,608,049	)		4,322,983
TA JPMorgan International Moderate Growth Initial Class		-		(1,594	)		(1,594	)		315		(767	)		(452	)
TA JPMorgan International Moderate Growth Service Class		12,181,132		(82,884,697	)		(70,703,565	)		12,989,522		(74,319,919	)		(61,330,397	)
TA JPMorgan Mid Cap Value Service Class		40,055,644		(57,408,877	)		(17,353,233	)		41,945,582		(46,812,411	)		(4,866,829	)
TA JPMorgan Tactical Allocation Service Class		24,624,037		(118,735,259	)		(94,111,222	)		70,733,619		(116,882,529	)		(46,148,910	)
TA Madison Diversified Income Service Class		12,560,608		(59,086,270	)		(46,525,662	)		48,960,053		(35,634,782	)		13,325,271
TA Managed Risk - Balanced ETF Service Class		27,627,409		(620,961,519	)		(593,334,110	)		74,448,696		(502,699,211	)		(428,250,515	)
TA Managed Risk - Conservative ETF Service Class		25,051,569		(90,175,210	)		(65,123,641	)		39,583,365		(94,217,216	)		(54,633,851	)
TA Managed Risk - Growth ETF Service Class		22,051,766		(337,871,790	)		(315,820,024	)		44,427,188		(304,740,740	)		(260,313,552	)
TA Market Participation Strategy Service Class		12,199,575		(69,671,148	)		(57,471,573	)		29,414,895		(60,887,261	)		(31,472,366	)
TA Morgan Stanley Capital Growth Initial Class		16,485,873		(192,641,495	)		(176,155,622	)		30,833,708		(95,261,113	)		(64,427,405	)

62

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)
TA Morgan Stanley Capital Growth Service Class	$	153,938,572	$	(168,685,100	)	$	(14,746,528	)	$	201,844,273	$	(128,440,353	)	$	73,403,920
TA Morgan Stanley Global Allocation Service Class		20,187,147		(165,526,152	)		(145,339,005	)		31,092,550		(154,067,229	)		(122,974,679	)
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class		11,274,673		(26,613,312	)		(15,338,639	)		23,157,518		(26,010,394	)		(2,852,876	)
TA MSCI EAFE Index Service Class		11,908,645		(6,987,185	)		4,921,460			15,838,955		(4,937,299	)		10,901,656
TA Multi-Managed Balanced Initial Class		13,846,161		(36,438,224	)		(22,592,063	)		14,383,687		(13,910,822	)		472,865
TA Multi-Managed Balanced Service Class		43,577,341		(163,593,262	)		(120,015,921	)		64,784,819		(147,834,161	)		(83,049,342	)
TA PIMCO Tactical - Balanced Service Class		4,862,163		(74,457,417	)		(69,595,254	)		22,351,349		(70,436,294	)		(48,084,945	)
TA PIMCO Tactical - Conservative Service Class		9,749,316		(56,845,359	)		(47,096,043	)		66,302,769		(65,906,928	)		395,841
TA PIMCO Tactical - Growth Service Class		6,392,994		(54,640,930	)		(48,247,936	)		16,203,885		(43,770,017	)		(27,566,132	)
TA PIMCO Total Return Initial Class		23,304,064		(38,965,576	)		(15,661,512	)		30,393,576		(38,831,238	)		(8,437,662	)
TA PIMCO Total Return Service Class		46,895,985		(89,441,779	)		(42,545,794	)		94,280,648		(133,939,868	)		(39,659,220	)
TA PineBridge Inflation Opportunities Service Class		21,104,861		(20,221,210	)		883,651			12,091,813		(24,239,282	)		(12,147,469	)
TA ProFunds UltraBear Service Class (OAM)		6,966,746		(4,407,684	)		2,559,062			43,444,184		(28,298,178	)		15,146,006
TA Rothschild & Co Large Cap Value Service Class		20,887,414		(8,763,601	)		12,123,813			15,281,482		(4,944,567	)		10,336,915
TA S&P 500 Index Service Class		94,850,770		(32,495,317	)		62,355,453			116,483,928		(43,654,826	)		72,829,102
TA Small/Mid Cap Value Initial Class		2,533,177		(24,775,662	)		(22,242,485	)		934,338		(10,997,826	)		(10,063,488	)
TA Small/Mid Cap Value Service Class		43,552,681		(46,220,759	)		(2,668,078	)		38,916,151		(29,025,216	)		9,890,935
TA T. Rowe Price Small Cap Initial Class		13,789,281		(42,400,349	)		(28,611,068	)		7,300,767		(20,574,105	)		(13,273,338	)
TA T. Rowe Price Small Cap Service Class		48,892,257		(62,312,395	)		(13,420,138	)		72,190,247		(61,804,962	)		10,385,285
TA TS&W International Equity Initial Class		8,961,846		(20,322,850	)		(11,361,004	)		6,385,466		(11,252,087	)		(4,866,621	)
TA TS&W International Equity Service Class		11,614,762		(10,616,723	)		998,039			13,602,947		(8,370,268	)		5,232,679
TA WMC US Growth Initial Class		21,093,986		(132,446,631	)		(111,352,645	)		24,461,089		(68,680,943	)		(44,219,854	)
TA WMC US Growth Service Class		28,471,490		(44,772,286	)		(16,300,796	)		67,729,720		(56,751,123	)		10,978,597
Vanguard® Balanced		14,794,549		(628,848	)		14,165,701			904,959		(106,199	)		798,760
Vanguard® Capital Growth		1,323,257		(27,739	)		1,295,518			234,438		(8,649	)		225,789
Vanguard® Conservative Allocation		7,284,801		(135,291	)		7,149,510			433,253		(2,285	)		430,968
Vanguard® Diversified Value		1,263,834		(11,086	)		1,252,748			52,139		(74	)		52,065

63

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2021								Year Ended December 31, 2020
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)
Vanguard® Equity Income	$	792,546	$	(117,223	)	$	675,323		$	136,292	$	(447	)	$	135,845
Vanguard® Equity Index		5,838,258		(3,312,586	)		2,525,672			934,267		(1,084,773	)		(150,506	)
Vanguard® Global Bond Index		385,447		(111,489	)		273,958			41,140		-			41,140
Vanguard® Growth		3,034,588		(363,795	)		2,670,793			516,251		(17,099	)		499,152
Vanguard® High Yield Bond		616,413		(117,428	)		498,985			44,091		(1,329	)		42,762
Vanguard® International		4,750,977		(1,828,443	)		2,922,534			1,651,715		(1,447,915	)		203,800
Vanguard® Mid-Cap Index		9,169,031		(1,039,288	)		8,129,743			1,625,117		(941,369	)		683,748
Vanguard® Moderate Allocation		12,577,963		(1,183,744	)		11,394,219			3,078,926		(15,029	)		3,063,897
Vanguard® Money Market		8,104,675		(4,359,402	)		3,745,273			1,309,089		(437,265	)		871,824
Vanguard® Real Estate Index		1,673,800		(546,087	)		1,127,713			676,994		(205,866	)		471,128
Vanguard® Short-Term Investment Grade		4,465,826		(2,697,774	)		1,768,052			3,712,542		(2,231,493	)		1,481,049
Vanguard® Total Bond Market Index		8,089,850		(3,371,247	)		4,718,603			3,379,635		(611,707	)		2,767,928
Vanguard® Total International Stock Market Index		2,767,388		(386,874	)		2,380,514			433,305		(18,563	)		414,742
Vanguard® Total Stock Market Index		8,348,422		(728,496	)		7,619,926			983,650		(71,951	)		911,699
Voya Global Perspectives Class S Shares		3,750		(16	)		3,734			4,121		(1,285	)		2,836
Voya Large Cap Value Class S Shares		-		(123	)		(123	)		44		(9	)		35
Voya Strategic Allocation Conservative Class S Shares		-		-			-			-		-			-
Voya Strategic Allocation Moderate Class S Shares		-		-			-			-		-			-
Wanger International		122,309		(140,776	)		(18,467	)		10,165		(155,522	)		(145,357	)
Wanger USA		-		-			-			-		-			-

64

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights

The Separate Account offers various death benefit options, which have differing fees that are charged against the contract owner’s account balance. These charges are discussed in more detail in the individual’s policy. Differences in the fee structures for these units result in different unit values, expense ratios, and total returns.

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
AB Balanced Wealth Strategy Class B Shares
12/31/2021		23,075,361		$18.65	to	$13.74		$     97,949,715		0.26	%		0.40	%	to	2.85	%		12.91	%	to	10.22	%
12/31/2020		26,074,538		16.52	to	12.47		93,993,592		2.15			0.40		to	2.85			8.82		to	6.22
12/31/2019		30,129,720		15.18	to	11.74		97,353,579		2.34			0.40		to	2.85			17.73		to	14.93
12/31/2018		33,611,226		12.90	to	10.21		85,205,038		1.69			0.40		to	2.85			(6.79	)	to	(9.02	)
12/31/2017		38,525,201		13.84	to	11.22		99,946,976		1.81			0.40		to	2.85			14.88		to	12.43
AB Growth and Income Class B Shares
12/31/2021		53,868,536		3.59	to	15.58		277,963,317		0.65			0.30		to	2.80			27.45		to	24.36
12/31/2020		61,139,851		2.82	to	12.53		237,524,698		1.32			0.30		to	2.80			2.17		to	(0.32	)
12/31/2019		66,912,738		2.76	to	12.57		249,977,608		1.03			0.30		to	2.80			23.24		to	20.24
12/31/2018		72,168,849		2.24	to	10.45		211,887,489		0.75			0.30		to	2.80			(6.13	)	to	(8.42	)
12/31/2017		77,917,998		2.38	to	11.42		246,477,664		1.27			0.30		to	2.80			18.24		to	15.38
AB Large Cap Growth Class B Shares
12/31/2021		7,676,319		6.59	to	26.99		35,215,505		-			0.30		to	2.80			28.27		to	25.15
12/31/2020		9,621,136		5.13	to	21.57		34,806,742		-			0.30		to	2.80			34.74		to	31.47
12/31/2019		11,372,716		3.81	to	16.41		31,230,390		-			0.30		to	2.80			33.96		to	30.70
12/31/2018		13,361,563		2.84	to	12.55		27,738,213		-			0.30		to	2.80			2.02		to	(0.48	)
12/31/2017		15,509,056		2.79	to	12.61		32,262,769		-			0.30		to	2.80			31.28		to	28.10
American Funds - Asset Allocation Class 2 Shares
12/31/2021		152,575,336		21.74	to	14.94		871,352,808		1.50			0.60		to	2.95			14.41		to	11.80
12/31/2020		174,752,023		19.00	to	13.37		857,259,812		1.67			0.60		to	2.95			11.78		to	9.24
12/31/2019		194,454,343		17.00	to	12.24		819,073,416		1.95			0.60		to	2.95			20.51		to	17.76
12/31/2018		212,831,662		14.10	to	10.39		677,757,631		1.62			0.60		to	2.95			(5.18	)	to	(7.35	)
12/31/2017		246,090,334		14.87	to	11.22		769,063,617		1.56			0.60		to	2.95			15.37		to	12.91
American Funds - Asset Allocation Class 4 Shares
12/31/2021		1,727,718		13.63	to	13.23		23,155,040		2.13			0.40		to	2.20			14.38		to	12.34
12/31/2020(1)		50,583		11.92	to	11.77		599,001		4.31			0.40		to	2.20			-		to	-
American Funds - Growth Class 2 Shares
12/31/2021		49,147,881		44.50	to	26.48		1,149,580,633		0.22			0.60		to	2.95			21.26		to	18.50
12/31/2020		57,094,202		36.70	to	22.35		1,055,964,795		0.32			0.60		to	2.95			51.17		to	47.73
12/31/2019		60,243,138		24.27	to	15.13		679,623,629		0.80			0.60		to	2.95			29.99		to	27.03
12/31/2018		61,736,514		18.67	to	11.91		442,334,800		0.44			0.60		to	2.95			(0.85	)	to	(3.12	)
12/31/2017		67,452,645		18.83	to	12.29		442,900,974		0.53			0.60		to	2.95			27.34		to	24.63
American Funds - Growth Class 4 Shares
12/31/2021		3,929,006		18.34	to	17.80		70,825,649		0.06			0.33		to	2.13			21.28		to	19.12
12/31/2020(1)		235,706		15.12	to	14.94		3,539,748		-			0.33		to	2.13			-		to	-
American Funds - Growth-Income Class 2 Shares
12/31/2021		46,521,780		30.45	to	18.27		754,565,140		1.11			0.60		to	2.95			23.35		to	20.54
12/31/2020		52,944,337		24.68	to	15.16		676,765,745		1.42			0.60		to	2.95			12.87		to	10.29
12/31/2019		55,567,642		21.87	to	13.74		578,289,945		1.79			0.60		to	2.95			25.38		to	22.52
12/31/2018		56,040,276		17.44	to	11.22		409,513,116		1.43			0.60		to	2.95			(2.38	)	to	(4.62	)
12/31/2017		60,250,249		17.87	to	11.76		420,162,453		1.48			0.60		to	2.95			21.47		to	18.89
American Funds - Growth-Income Class 4 Shares
12/31/2021		2,239,175		15.48	to	15.03		34,083,630		1.32			0.33		to	2.13			23.39		to	21.19
12/31/2020(1)		131,787		12.55	to	12.40		1,642,555		1.97			0.33		to	2.13			-		to	-

65

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
American Funds - International Class 2 Shares
12/31/2021		37,028,497		$16.37	to	$13.69		$   262,247,784		2.38	%		0.60	%	to	2.95	%		(2.09	)  %	to	(4.32	)  %
12/31/2020		41,284,373		16.72	to	14.31		282,160,736		0.67			0.60		to	2.95			13.29		to	10.71
12/31/2019		46,533,316		14.76	to	12.92		248,531,886		1.55			0.60		to	2.95			22.15		to	19.36
12/31/2018		49,456,028		12.08	to	10.83		186,794,262		1.80			0.60		to	2.95			(13.66	)	to	(15.64	)
12/31/2017		51,454,305		14.00	to	12.84		191,936,131		1.34			0.60		to	2.95			31.16		to	28.37
American Funds - International Class 4 Shares
12/31/2021		1,178,588		13.73	to	13.32		15,918,386		3.82			0.33		to	2.13			(2.04	)	to	(3.78	)
12/31/2020(1)		103,923		14.02	to	13.85		1,447,390		0.92			0.33		to	2.13			-		to	-
American Funds - New World Class 4 Shares
12/31/2021		511,234		15.00	to	14.56		7,543,125		0.98			0.35		to	2.15			4.26		to	2.40
12/31/2020(1)		27,799		14.39	to	14.22		397,295		-			0.35		to	2.15			-		to	-
American Funds - The Bond Fund of America Class 2 Shares
12/31/2021		62,790,605		12.24	to	10.70		267,700,388		1.38			0.60		to	2.95			(0.90	)	to	(3.16	)
12/31/2020		67,686,257		12.35	to	11.05		285,376,467		2.15			0.60		to	2.95			9.08		to	6.59
12/31/2019		64,327,748		11.32	to	10.37		230,089,383		2.69			0.60		to	2.95			8.70		to	6.22
12/31/2018		65,952,103		10.42	to	9.76		197,187,014		2.40			0.60		to	2.95			(1.31	)	to	(3.57	)
12/31/2017		73,725,508		10.56	to	10.12		217,547,968		2.00			0.60		to	2.95			2.89		to	0.70
American Funds - The Bond Fund of America Class 4 Shares
12/31/2021		1,220,373		10.37	to	10.07		12,442,489		1.60			0.31		to	2.11			(0.89	)	to	(2.66	)
12/31/2020(1)		44,930		10.47	to	10.34		466,693		6.23			0.31		to	2.11			-		to	-
BlackRock Basic Value V.I. Class I Shares
12/31/2021		5,019,930		3.23	to	13.43		19,580,580		1.17			1.25		to	2.65			20.17		to	18.54
12/31/2020		5,956,830		2.69	to	11.33		19,478,568		2.43			1.25		to	2.65			2.15		to	0.76
12/31/2019		6,249,446		2.63	to	11.24		20,016,237		2.39			1.25		to	2.65			22.38		to	20.71
12/31/2018		6,813,623		2.15	to	9.31		17,849,636		1.79			1.25		to	2.65			(8.99	)	to	(10.24	)
12/31/2017		7,377,068		2.36	to	10.38		21,702,345		1.54			1.25		to	2.65			6.91		to	5.45
BlackRock Global Allocation V.I. Class I Shares
12/31/2021		3,779,531		4.01	to	14.05		10,653,267		0.89			1.25		to	2.65			5.36		to	3.92
12/31/2020		4,385,798		3.81	to	13.52		11,798,862		1.29			1.25		to	2.65			19.52		to	17.89
12/31/2019		4,729,879		3.19	to	11.46		10,712,286		1.24			1.25		to	2.65			16.53		to	14.94
12/31/2018		5,295,268		2.73	to	9.97		10,410,140		0.92			1.25		to	2.65			(8.49	)	to	(9.74	)
12/31/2017		6,135,012		2.99	to	11.05		13,086,962		1.26			1.25		to	2.65			12.46		to	10.93
BlackRock High Yield V.I. Class I Shares
12/31/2021		1,009,939		3.12	to	11.97		3,009,551		4.52			1.25		to	2.65			4.02		to	2.61
12/31/2020		1,167,438		3.00	to	11.67		3,353,262		5.31			1.25		to	2.65			5.97		to	4.52
12/31/2019		1,340,935		2.83	to	11.16		3,651,853		5.40			1.25		to	2.65			13.87		to	12.31
12/31/2018		1,507,900		2.49	to	9.94		3,612,958		5.48			1.25		to	2.65			(3.86	)	to	(5.18	)
12/31/2017		1,762,477		2.59	to	10.48		4,411,875		5.18			1.25		to	2.65			6.00		to	4.56
DFA VA Equity Allocation
12/31/2021		61,903		13.93	to	13.88		860,593		2.53			0.27		to	0.47			24.04		to	23.79
12/31/2020		39,352		11.23	to	11.21		441,244		18.43			0.27		to	0.47			11.85		to	11.63
12/31/2019(1)		-		10.04	to	10.04		-		-			0.27		to	0.47			-		to	-
DFA VA Global Bond
12/31/2021		132,281		9.99	to	9.61		1,299,932		1.55			0.27		to	2.60			(1.31	)	to	(3.58	)
12/31/2020		12,560		10.13	to	9.96		127,203		0.06			0.27		to	2.60			1.18		to	0.98
12/31/2019(1)		-		10.01	to	10.01		-		-			0.27		to	0.47			-		to	-
DFA VA Global Moderate Allocation
12/31/2021		6,725		12.68	to	12.63		85,165		0.45			0.27		to	0.47			13.90		to	13.67
12/31/2020		1,869		11.13	to	11.11		20,762		2.47			0.27		to	0.47			10.99		to	10.77
12/31/2019(1)		-		10.03	to	10.03		-		-			0.27		to	0.47			-		to	-

66

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
DFA VA International Small
12/31/2021		29,546		$12.65	to	$12.60		$          373,647		2.70	%		0.27	%	to	0.47	%		14.26	%	to	14.03	%
12/31/2020		24,516		11.07	to	11.05		271,344		8.73			0.27		to	0.47			9.12		to	8.90
12/31/2019(1)		-		10.15	to	10.14		-		-			0.27		to	0.47			-		to	-
DFA VA International Value
12/31/2021		30,790		11.58	to	11.53		356,360		6.25			0.27		to	0.47			17.80		to	17.56
12/31/2020		4,829		9.83	to	9.81		47,429		6.34			0.27		to	0.47			(2.03	)	to	(2.23	)
12/31/2019(1)		-		10.03	to	10.03		-		-			0.27		to	0.47			-		to	-
DFA VA Short-Term Fixed
12/31/2021		78,002		9.99	to	9.95		778,117		0.01			0.27		to	0.47			(0.46	)	to	(0.66	)
12/31/2020		9,237		10.03	to	10.01		92,589		0.50			0.27		to	0.47			0.33		to	0.13
12/31/2019(1)		-		10.00	to	10.00		-		-			0.27		to	0.47			-		to	-
DFA VA U.S. Large Value
12/31/2021		52,319		12.50	to	12.45		653,107		2.32			0.27		to	0.47			26.69		to	26.44
12/31/2020		23,843		9.86	to	9.84		234,961		6.18			0.27		to	0.47			(1.64	)	to	(1.84	)
12/31/2019(1)		-		10.03	to	10.03		-		-			0.27		to	0.47			-		to	-
DFA VA U.S. Targeted Value
12/31/2021		35,853		14.44	to	14.38		517,428		2.01			0.27		to	0.47			39.30		to	39.03
12/31/2020		13,882		10.36	to	10.34		143,813		7.93			0.27		to	0.47			3.70		to	3.50
12/31/2019(1)		-		9.99	to	9.99		-		-			0.27		to	0.47			-		to	-
Fidelity® VIP Balanced Service Class 2
12/31/2021		103,061,636		3.25	to	17.31		585,801,138		0.73			0.30		to	2.65			17.64		to	14.95
12/31/2020		114,386,362		2.76	to	15.06		537,674,354		1.28			0.30		to	2.65			21.76		to	18.98
12/31/2019		125,709,751		2.27	to	12.65		457,401,722		1.58			0.30		to	2.65			23.74		to	20.91
12/31/2018		137,704,135		1.83	to	10.47		364,935,164		1.31			0.30		to	2.65			(4.73	)	to	(6.92	)
12/31/2017		147,985,403		1.92	to	11.24		382,158,570		1.28			0.30		to	2.65			15.77		to	13.13
Fidelity® VIP Consumer Staples Initial Class
12/31/2021		123,456		13.95	to	13.53		1,692,428		2.98			0.70		to	2.50			13.44		to	11.42
12/31/2020(1)		613		12.29	to	12.15		7,484		-			0.70		to	2.50			-		to	-
Fidelity® VIP Contrafund® Initial Class
12/31/2021		26,578		4.44	to	21.54		239,522		0.05			0.30		to	2.70			27.45		to	24.48
12/31/2020		43,364		3.49	to	17.31		267,864		0.22			0.30		to	2.70			30.18		to	27.14
12/31/2019		44,170		2.68	to	13.61		208,350		0.37			0.30		to	2.70			31.18		to	28.12
12/31/2018		72,197		2.04	to	10.63		221,362		0.71			0.30		to	2.70			(6.66	)	to	(8.85	)
12/31/2017		79,806		2.19	to	11.66		258,065		0.91			0.30		to	2.70			21.51		to	20.67
Fidelity® VIP Contrafund® Service Class 2
12/31/2021		100,491,552		5.28	to	21.28		994,100,891		0.03			0.30		to	2.80			27.13		to	24.04
12/31/2020		114,571,364		4.15	to	17.16		855,273,689		0.08			0.30		to	2.80			29.84		to	26.69
12/31/2019		122,971,431		3.20	to	13.54		671,378,964		0.22			0.30		to	2.80			30.88		to	27.70
12/31/2018		130,170,833		2.44	to	10.61		494,770,479		0.43			0.30		to	2.80			(6.92	)	to	(9.20	)
12/31/2017		148,094,555		2.62	to	11.68		579,167,529		0.78			0.30		to	2.80			21.22		to	18.29
Fidelity® VIP Energy Service Class 2
12/31/2021		226,711		16.89	to	16.39		3,760,207		3.53			0.50		to	2.30			54.06		to	51.32
12/31/2020(1)		3,620		10.96	to	10.83		39,390		4.30			0.50		to	2.30			-		to	-
Fidelity® VIP Equity-Income Initial Class
12/31/2021		21,037		2.59	to	15.15		56,446		1.91			0.30		to	2.70			24.52		to	21.61
12/31/2020		21,847		2.08	to	12.45		47,297		1.84			0.30		to	2.70			6.38		to	3.89
12/31/2019		22,709		1.95	to	11.99		46,431		2.02			0.30		to	2.70			27.06		to	24.09
12/31/2018		23,527		1.54	to	9.66		38,033		2.27			0.30		to	2.70			(8.57	)	to	(10.72	)
12/31/2017		24,406		1.68	to	10.82		43,356		1.50			0.30		to	2.70			12.56		to	11.78

67

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
Fidelity® VIP Equity-Income Service Class 2
12/31/2021		13,003,796		$3.25	to	$14.96		$     38,235,541		1.55	%		0.30	%	to	2.80	%		24.23	%	to	21.21	%
12/31/2020		16,133,605		2.62	to	12.34		38,656,184		1.61			0.30		to	2.80			6.12		to	3.54
12/31/2019		18,185,698		2.46	to	11.92		41,513,921		1.78			0.30		to	2.80			26.73		to	23.65
12/31/2018		20,712,987		1.95	to	9.64		37,740,091		1.98			0.30		to	2.80			(8.81	)	to	(11.04	)
12/31/2017		23,845,141		2.13	to	10.84		48,184,382		1.46			0.30		to	2.80			12.31		to	9.59
Fidelity® VIP Growth Initial Class
12/31/2021		6,995		5.85	to	27.56		34,948		-			0.30		to	2.70			22.85		to	19.98
12/31/2020		7,385		4.76	to	22.97		30,183		0.07			0.30		to	2.70			43.46		to	40.11
12/31/2019		7,797		3.32	to	16.40		22,321		0.26			0.30		to	2.70			33.91		to	30.78
12/31/2018		8,174		2.48	to	12.54		17,561		0.24			0.30		to	2.70			(0.47	)	to	(2.81	)
12/31/2017		8,594		2.49	to	12.90		18,642		0.23			0.30		to	2.70			34.73		to	33.80
Fidelity® VIP Growth Service Class 2
12/31/2021		10,219,740		6.49	to	27.27		46,107,542		-			0.30		to	2.80			22.54		to	19.56
12/31/2020		13,368,312		5.30	to	22.81		49,691,847		0.04			0.30		to	2.80			43.12		to	39.64
12/31/2019		14,824,936		3.70	to	16.33		39,103,539		0.06			0.30		to	2.80			33.58		to	30.33
12/31/2018		16,810,542		2.77	to	12.53		33,696,406		0.04			0.30		to	2.80			(0.73	)	to	(3.16	)
12/31/2017		19,553,603		2.79	to	12.94		40,016,140		0.08			0.30		to	2.80			34.41		to	31.16
Fidelity® VIP Growth Opportunities Service Class 2
12/31/2021		597,638		36.98	to	34.27		3,820,317		-			1.25		to	2.80			10.29		to	8.63
12/31/2020		779,883		33.53	to	31.54		4,484,860		-			1.25		to	2.80			66.16		to	63.65
12/31/2019		862,593		20.18	to	19.27		3,004,319		-			1.25		to	2.80			38.76		to	36.67
12/31/2018		929,775		14.54	to	14.10		2,346,465		0.09			1.25		to	2.80			10.82		to	9.14
12/31/2017		1,207,203		13.12	to	12.92		2,711,713		0.11			1.25		to	2.80			32.53		to	30.53
Fidelity® VIP Health Care Service Class 2
12/31/2021		563,662		13.33	to	12.93		7,381,141		0.02			0.50		to	2.30			10.89		to	8.91
12/31/2020(1)		21,737		12.02	to	11.87		259,476		1.03			0.50		to	2.30			-		to	-
Fidelity® VIP Mid Cap Initial Class
12/31/2021		15,709		3.50	to	16.19		76,481		0.61			0.30		to	2.70			25.23		to	22.30
12/31/2020		17,141		2.79	to	13.24		64,353		0.66			0.30		to	2.70			17.84		to	15.08
12/31/2019		18,009		2.37	to	11.50		55,425		0.86			0.30		to	2.70			23.08		to	20.20
12/31/2018		38,781		1.93	to	9.57		82,670		0.64			0.30		to	2.70			(14.80	)	to	(16.80	)
12/31/2017		41,922		2.26	to	11.50		108,346		0.70			0.30		to	2.70			20.45		to	19.61
Fidelity® VIP Mid Cap Service Class 2
12/31/2021		51,504,031		4.28	to	16.07		429,576,602		0.34			0.30		to	2.80			24.93		to	21.89
12/31/2020		61,513,574		3.43	to	13.18		397,709,138		0.40			0.30		to	2.80			17.51		to	14.66
12/31/2019		68,400,272		2.91	to	11.50		354,595,211		0.69			0.30		to	2.80			22.80		to	19.82
12/31/2018		74,180,131		2.37	to	9.59		288,831,176		0.39			0.30		to	2.80			(15.03	)	to	(17.11	)
12/31/2017		84,005,052		2.79	to	11.57		374,376,908		0.49			0.30		to	2.80			20.18		to	17.26
Fidelity® VIP Technology Initial Class
12/31/2021		817,742		20.47	to	19.87		16,455,465		-			0.70		to	2.50			27.27		to	25.00
12/31/2020(1)		41,913		16.08	to	15.89		669,454		-			0.70		to	2.50			-		to	-
Fidelity® VIP Utilities Initial Class
12/31/2021		85,074		13.51	to	13.11		1,130,117		3.31			0.70		to	2.50			16.68		to	14.60
12/31/2020(1)		2,161		11.58	to	11.44		24,841		9.64			0.70		to	2.50			-		to	-
Fidelity® VIP Value Strategies Initial Class
12/31/2021		60,020		2.90	to	16.56		445,753		1.64			0.30		to	2.50			33.20		to	30.34
12/31/2020		65,512		2.17	to	12.70		239,991		1.14			0.30		to	2.50			7.93		to	5.62
12/31/2019		81,496		2.01	to	12.03		341,053		1.69			0.30		to	2.50			34.12		to	31.25
12/31/2018		80,999		1.50	to	9.16		255,289		0.89			0.30		to	2.50			(17.57	)	to	(19.35	)
12/31/2017		86,820		1.82	to	11.36		330,169		1.51			0.30		to	2.50			19.00		to	18.17

68

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
Fidelity® VIP Value Strategies Service Class 2
12/31/2021		37,651,512		$3.77	to	$16.33		$   243,543,351		1.24	%		0.30	%	to	2.80	%		32.94	%	to	29.71	%
12/31/2020		38,869,644		2.83	to	12.59		176,210,717		1.07			0.30		to	2.80			7.70		to	5.08
12/31/2019		41,539,468		2.63	to	11.98		167,567,384		1.47			0.30		to	2.80			33.70		to	30.45
12/31/2018		42,681,877		1.97	to	9.19		116,996,447		0.71			0.30		to	2.80			(17.75	)	to	(19.76	)
12/31/2017		44,994,998		2.39	to	11.45		149,707,366		1.23			0.30		to	2.80			18.73		to	15.85
Franklin Allocation Class 4 Shares
12/31/2021		24,994,155		1.97	to	13.04		65,635,756		1.59			0.60		to	2.80			10.87		to	8.50
12/31/2020		29,058,217		1.78	to	12.02		69,574,482		1.35			0.60		to	2.80			11.08		to	8.71
12/31/2019		33,952,154		1.60	to	11.05		73,995,819		3.32			0.60		to	2.80			18.85		to	16.31
12/31/2018		40,474,209		1.35	to	9.50		75,009,599		2.88			0.60		to	2.80			(10.12	)	to	(12.06	)
12/31/2017		50,313,685		1.50	to	10.81		104,865,929		2.55			0.60		to	2.80			11.12		to	8.74
Franklin Income Class 2 Shares
12/31/2021		25,879,319		1.90	to	12.46		46,639,026		4.76			1.00		to	2.80			15.60		to	13.58
12/31/2020		31,003,681		1.64	to	10.97		48,526,068		5.89			1.00		to	2.80			(0.30	)	to	(2.05	)
12/31/2019		36,589,063		1.65	to	11.20		57,808,661		5.39			1.00		to	2.80			14.91		to	12.90
12/31/2018		43,367,555		1.43	to	9.92		59,934,934		4.80			1.00		to	2.80			(5.26	)	to	(6.93	)
12/31/2017		51,870,302		1.51	to	10.66		76,044,090		4.16			1.00		to	2.80			8.59		to	6.69
Franklin Mutual Shares Class 2 Shares
12/31/2021		6,532,283		1.74	to	11.80		10,894,622		2.81			1.00		to	2.80			17.99		to	15.92
12/31/2020		7,876,120		1.47	to	10.18		11,185,310		2.76			1.00		to	2.80			(5.98	)	to	(7.63	)
12/31/2019		9,029,439		1.57	to	11.02		13,710,436		1.79			1.00		to	2.80			21.36		to	19.23
12/31/2018		10,583,322		1.29	to	9.24		13,324,515		2.34			1.00		to	2.80			(9.97	)	to	(11.56	)
12/31/2017		12,176,476		1.43	to	10.45		17,081,386		2.20			1.00		to	2.80			7.28		to	5.40
Franklin Templeton Foreign Class 2 Shares
12/31/2021		14,680,216		1.09	to	9.95		15,047,838		1.88			1.00		to	2.80			3.13		to	1.32
12/31/2020		18,343,611		1.06	to	9.82		18,333,937		3.38			1.00		to	2.80			(2.14	)	to	(3.85	)
12/31/2019		21,486,432		1.08	to	10.21		22,067,192		1.74			1.00		to	2.80			11.42		to	9.46
12/31/2018		25,135,514		0.97	to	9.33		23,322,722		2.68			1.00		to	2.80			(16.28	)	to	(17.76	)
12/31/2017		29,509,124		1.16	to	11.34		32,841,409		2.59			1.00		to	2.80			15.54		to	13.52
Invesco V.I. American Franchise Series II Shares
12/31/2021		2,156,185		4.03	to	22.65		7,746,979		-			0.30		to	2.80			11.31		to	8.61
12/31/2020		2,645,645		3.62	to	20.85		8,633,998		-			0.30		to	2.80			41.57		to	38.13
12/31/2019		2,917,087		2.56	to	15.10		6,803,867		-			0.30		to	2.80			36.02		to	32.71
12/31/2018		3,405,149		1.88	to	11.38		5,914,066		-			0.30		to	2.80			(4.18	)	to	(6.52	)
12/31/2017		3,978,534		1.96	to	12.17		7,305,661		-			0.30		to	2.80			26.65		to	23.58
Janus Henderson - Enterprise Service Shares
12/31/2021		5,365,361		6.57	to	20.31		21,479,782		0.25			0.30		to	2.80			16.19		to	13.37
12/31/2020		6,635,024		5.66	to	17.91		23,462,735		0.05			0.30		to	2.80			18.83		to	15.94
12/31/2019		7,606,776		4.76	to	15.45		22,867,967		0.05			0.30		to	2.80			34.75		to	31.48
12/31/2018		8,614,115		3.53	to	11.75		19,757,244		0.13			0.30		to	2.80			(0.96	)	to	(3.39	)
12/31/2017		9,702,261		3.57	to	12.16		22,591,758		0.54			0.30		to	2.80			26.71		to	23.64
Janus Henderson - Global Research Service Shares
12/31/2021		11,113,961		3.34	to	18.43		23,620,614		0.35			0.30		to	2.80			17.44		to	14.59
12/31/2020		14,158,953		2.85	to	16.08		25,965,245		0.64			0.30		to	2.80			19.40		to	16.50
12/31/2019		16,122,487		2.38	to	13.80		25,159,601		0.85			0.30		to	2.80			28.33		to	25.21
12/31/2018		18,506,476		1.86	to	11.02		22,907,022		0.96			0.30		to	2.80			(7.36	)	to	(9.63	)
12/31/2017		21,574,448		2.01	to	12.20		29,147,018		0.68			0.30		to	2.80			26.30		to	23.24

69

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
Janus Henderson - Mid Cap Value Service Shares
12/31/2021		888,292		$13.98	to	$12.96		$       2,883,923		0.28	%		1.25	%	to	2.80	%		17.95	%	to	16.17	%
12/31/2020		1,046,254		11.86	to	11.15		2,879,198		1.07			1.25		to	2.80			(2.43	)	to	(3.90	)
12/31/2019		1,112,449		12.15	to	11.61		3,137,143		1.47			1.25		to	2.80			28.44		to	26.51
12/31/2018		1,170,029		9.46	to	9.17		2,566,104		0.89			1.25		to	2.80			(14.89	)	to	(16.18	)
12/31/2017		1,239,487		11.12	to	10.95		3,228,213		0.64			1.25		to	2.80			12.23		to	10.55
MFS® New Discovery Service Class
12/31/2021		8,859,603		5.82	to	22.31		43,959,107		-			0.30		to	2.80			1.27		to	(1.20	)
12/31/2020		10,997,397		5.75	to	22.58		54,351,642		-			0.30		to	2.80			45.15		to	41.62
12/31/2019		12,964,008		3.96	to	15.94		44,689,857		-			0.30		to	2.80			40.85		to	37.43
12/31/2018		15,150,161		2.81	to	11.60		37,622,941		-			0.30		to	2.80			(2.01	)	to	(4.41	)
12/31/2017		17,571,221		2.87	to	12.14		44,936,194		-			0.30		to	2.80			25.95		to	22.90
MFS® Total Return Service Class
12/31/2021		14,508,866		2.74	to	13.70		36,749,509		1.61			0.30		to	2.80			13.50		to	10.74
12/31/2020		17,604,415		2.42	to	12.37		39,804,937		2.06			0.30		to	2.80			9.19		to	6.53
12/31/2019		19,874,828		2.21	to	11.61		41,580,126		2.09			0.30		to	2.80			19.76		to	16.85
12/31/2018		22,981,760		1.85	to	9.94		40,564,664		1.95			0.30		to	2.80			(6.15	)	to	(8.45	)
12/31/2017		26,624,976		1.97	to	10.85		50,663,588		2.15			0.30		to	2.80			11.69		to	8.98
NVIT Emerging Markets Class D Shares
12/31/2021		1,346		14.42	to	12.93		19,211		0.98			0.30		to	2.50			(7.87	)	to	(9.84	)
12/31/2020		1,503		15.65	to	14.34		23,330		1.64			0.30		to	2.50			12.58		to	10.17
12/31/2019		1,524		13.90	to	13.02		21,048		2.16			0.30		to	2.50			22.21		to	19.59
12/31/2018		1,547		11.37	to	10.88		17,509		0.35			0.30		to	2.50			(17.96	)	to	(19.73	)
12/31/2017		1,568		13.86	to	13.56		21,682		0.91			0.30		to	2.50			40.67		to	39.98
State Street Total Return V.I.S. Class 3 Shares
12/31/2021		16,476,801		16.98	to	12.97		54,877,619		1.86			0.40		to	2.85			12.75		to	10.07
12/31/2020		18,412,322		15.06	to	11.79		50,152,621		1.67			0.40		to	2.85			5.71		to	3.20
12/31/2019		21,706,994		14.25	to	11.42		52,200,791		2.08			0.40		to	2.85			15.11		to	12.37
12/31/2018		24,994,175		12.38	to	10.16		48,611,551		1.84			0.40		to	2.85			(6.98	)	to	(9.21	)
12/31/2017		29,732,587		13.31	to	11.19		57,477,545		1.77			0.40		to	2.85			14.52		to	12.08
TA 60/40 Allocation Service Class
12/31/2021		7,268,881		14.66	to	13.49		52,314,019		0.89			0.20		to	2.50			13.06		to	10.53
12/31/2020		5,750,641		12.97	to	12.20		41,556,748		0.62			0.20		to	2.50			12.24		to	9.72
12/31/2019		3,823,378		11.55	to	11.12		25,139,161		0.17			0.20		to	2.50			19.89		to	17.20
12/31/2018(1)		1,506,181		9.64	to	9.49		7,559,801		-			0.20		to	2.50			-		to	-
TA Aegon High Yield Bond Initial Class
12/31/2021		22,080,227		2.68	to	11.71		57,983,166		5.25			0.30		to	2.80			6.03		to	3.45
12/31/2020		27,309,298		2.53	to	11.32		68,971,842		6.22			0.30		to	2.80			4.73		to	2.18
12/31/2019		29,667,346		2.41	to	11.08		72,383,047		6.26			0.30		to	2.80			13.87		to	11.10
12/31/2018		31,184,824		2.12	to	9.97		67,516,767		6.24			0.30		to	2.80			(2.64	)	to	(5.03	)
12/31/2017		36,693,553		2.18	to	10.50		82,935,784		5.86			0.30		to	2.80			7.12		to	4.52
TA Aegon High Yield Bond Service Class
12/31/2021		25,397,221		14.59	to	11.65		150,400,166		4.93			0.20		to	2.65			6.04		to	3.51
12/31/2020		28,101,036		13.76	to	11.26		150,070,593		5.99			0.20		to	2.65			4.47		to	1.98
12/31/2019		31,316,439		13.17	to	11.04		155,487,204		5.97			0.20		to	2.65			13.74		to	11.03
12/31/2018		35,239,960		11.58	to	9.94		137,411,428		5.95			0.20		to	2.65			(2.90	)	to	(5.23	)
12/31/2017		40,594,624		11.92	to	10.49		157,652,721		5.44			0.20		to	2.65			6.25		to	4.45
TA Aegon Sustainable Equity Income Initial Class
12/31/2021		81,614,682		2.66	to	12.49		249,624,211		2.13			0.30		to	2.80			22.06		to	19.09
12/31/2020		102,139,295		2.18	to	10.49		258,388,425		3.03			0.30		to	2.80			(7.63	)	to	(9.88	)
12/31/2019		116,924,848		2.36	to	11.63		323,795,182		2.47			0.30		to	2.80			23.54		to	20.53
12/31/2018		131,850,813		1.91	to	9.65		298,896,926		2.12			0.30		to	2.80			(11.77	)	to	(13.93	)
12/31/2017		153,385,459		2.17	to	11.21		400,085,233		2.31			0.30		to	2.80			16.08		to	13.27

70

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
TA Aegon Sustainable Equity Income Service Class
12/31/2021		28,772,083		$19.79	to	$12.42		$   148,018,510		1.87	%		0.20	%	to	2.65	%		21.88	%	to	18.97	%
12/31/2020		33,902,293		16.24	to	10.44		139,055,653		2.78			0.20		to	2.65			(7.77	)	to	(9.98	)
12/31/2019		39,289,800		17.61	to	11.60		163,985,604		2.21			0.20		to	2.65			23.33		to	20.38
12/31/2018		44,974,511		14.28	to	9.63		139,189,014		1.89			0.20		to	2.65			(11.86	)	to	(13.98	)
12/31/2017		54,139,799		16.20	to	11.20		184,816,342		2.18			0.20		to	2.65			15.09		to	13.14
TA Aegon U.S. Government Securities Initial Class
12/31/2021		38,359,008		1.66	to	10.22		63,545,934		2.10			0.30		to	2.80			(2.68	)	to	(5.05	)
12/31/2020		45,759,323		1.71	to	10.76		80,808,215		1.70			0.30		to	2.80			8.65		to	6.01
12/31/2019		38,276,111		1.57	to	10.15		63,019,860		2.05			0.30		to	2.80			6.28		to	3.70
12/31/2018		39,822,530		1.48	to	9.79		62,214,715		2.99			0.30		to	2.80			(0.04	)	to	(2.49	)
12/31/2017		40,571,556		1.48	to	10.04		65,046,767		3.69			0.30		to	2.80			2.35		to	(0.13	)
TA Aegon U.S. Government Securities Service Class
12/31/2021		61,071,608		11.30	to	10.10		193,536,432		1.59			0.20		to	2.80			(2.73	)	to	(5.19	)
12/31/2020		80,140,863		11.62	to	10.66		273,499,306		1.41			0.20		to	2.80			8.45		to	5.70
12/31/2019		70,935,391		10.72	to	10.08		191,285,315		1.62			0.20		to	2.80			6.14		to	3.45
12/31/2018		104,943,141		10.10	to	9.74		318,697,528		2.37			0.20		to	2.80			(0.19	)	to	(2.73	)
12/31/2017		90,224,835		10.11	to	10.02		198,887,348		2.79			0.20		to	2.80			2.05		to	(0.42	)
TA American Funds Managed Risk—Balanced Service Class
12/31/2021		72,975,601		15.08	to	12.76		1,026,960,363		0.88			0.20		to	2.50			12.85		to	10.32
12/31/2020		77,819,858		13.37	to	11.57		981,034,010		1.21			0.20		to	2.50			4.08		to	1.75
12/31/2019		76,825,970		12.84	to	11.37		940,541,090		1.25			0.20		to	2.50			17.57		to	14.93
12/31/2018		68,832,442		10.92	to	9.89		724,315,458		0.87			0.20		to	2.50			(6.01	)	to	(8.13	)
12/31/2017		57,652,094		11.62	to	10.77		652,612,767		0.63			0.20		to	2.50			14.11		to	11.84
TA BlackRock Global Real Estate Securities Initial Class
12/31/2021		10,592,715		2.55	to	13.93		37,581,657		2.57			0.30		to	2.80			25.85		to	22.79
12/31/2020		12,874,971		2.03	to	11.34		36,532,221		12.31			0.30		to	2.80			(0.61	)	to	(3.03	)
12/31/2019		14,634,220		2.04	to	11.70		42,084,933		0.90			0.30		to	2.80			24.82		to	21.78
12/31/2018		15,318,064		1.64	to	9.60		35,691,673		8.46			0.30		to	2.80			(10.36	)	to	(12.55	)
12/31/2017		17,217,524		1.82	to	10.98		45,370,142		3.62			0.30		to	2.80			10.99		to	8.30
TA BlackRock Global Real Estate Securities Service Class
12/31/2021		18,935,860		15.58	to	13.87		96,045,926		2.14			0.20		to	2.65			25.60		to	22.60
12/31/2020		21,638,728		12.40	to	11.31		81,766,874		11.61			0.20		to	2.65			(0.71	)	to	(3.08	)
12/31/2019		24,184,329		12.49	to	11.67		86,036,786		0.60			0.20		to	2.65			24.64		to	21.66
12/31/2018		27,015,414		10.02	to	9.59		68,224,055		7.97			0.20		to	2.65			(10.51	)	to	(12.65	)
12/31/2017		32,087,719		11.20	to	10.98		87,690,297		3.23			0.20		to	2.65			10.02		to	8.16
TA BlackRock Government Money Market Initial Class
12/31/2021		98,643,567		1.13	to	9.06		101,398,175		0.00			0.30		to	2.80			(0.29	)	to	(2.72	)
12/31/2020		119,708,543		1.13	to	9.32		125,991,289		0.23			0.30		to	2.80			(0.01	)	to	(2.44	)
12/31/2019		82,743,032		1.13	to	9.55		88,719,890		1.96			0.30		to	2.80			1.67		to	(0.81	)
12/31/2018		87,727,125		1.12	to	9.63		92,736,566		1.79			0.30		to	2.80			1.50		to	(0.98	)
12/31/2017		81,612,286		1.10	to	9.72		89,165,490		0.01			0.30		to	2.80			(0.30	)	to	(2.71	)
TA BlackRock Government Money Market Service Class
12/31/2021		172,118,709		10.02	to	9.02		503,096,558		0.00			0.20		to	2.65			(0.20	)	to	(2.58	)
12/31/2020		208,397,849		10.03	to	9.25		613,742,199		0.17			0.20		to	2.65			0.05		to	(2.34	)
12/31/2019		155,242,739		10.03	to	9.48		348,881,228		1.70			0.20		to	2.65			1.51		to	(0.91	)
12/31/2018		169,823,809		9.88	to	9.56		339,881,056		0.85			0.20		to	2.65			0.64		to	(1.78	)
12/31/2017		167,094,546		9.82	to	9.74		296,558,369		0.01			0.20		to	2.65			(0.44	)	to	(2.57	)

71

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
TA BlackRock iShares Active Asset Allocation - Conservative Service Class
12/31/2021		91,220,744		$14.14	to	$11.93		$   295,146,037		1.07	%		0.20	%	to	2.65	%		5.53	%	to	3.01	%
12/31/2020		103,190,427		13.40	to	11.58		316,114,002		1.95			0.20		to	2.65			6.44		to	3.90
12/31/2019		121,522,304		12.59	to	11.15		339,344,934		1.97			0.20		to	2.65			11.01		to	8.36
12/31/2018		141,754,097		11.34	to	10.29		347,965,665		1.59			0.20		to	2.65			(3.08	)	to	(5.41	)
12/31/2017		167,288,266		11.70	to	10.88		413,363,455		1.72			0.20		to	2.65			11.20		to	8.82
TA BlackRock iShares Active Asset Allocation - Moderate Service Class
12/31/2021		258,985,643		14.29	to	12.05		1,170,053,110		0.87			0.20		to	2.65			8.11		to	5.53
12/31/2020		295,442,216		13.22	to	11.41		1,234,609,288		1.88			0.20		to	2.65			3.04		to	0.58
12/31/2019		333,714,080		12.83	to	11.35		1,331,045,066		1.81			0.20		to	2.65			10.91		to	8.26
12/31/2018		382,230,157		11.56	to	10.48		1,333,011,023		1.44			0.20		to	2.65			(4.36	)	to	(6.66	)
12/31/2017		433,032,803		12.09	to	11.23		1,515,657,257		1.55			0.20		to	2.65			14.93		to	12.47
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class
12/31/2021		124,534,990		13.83	to	11.60		415,067,378		0.53			0.20		to	2.65			7.41		to	4.84
12/31/2020		143,686,052		12.88	to	11.06		443,165,826		1.81			0.20		to	2.65			(2.27	)	to	(4.61	)
12/31/2019		167,991,889		13.18	to	11.59		522,009,134		1.66			0.20		to	2.65			11.13		to	8.48
12/31/2018		195,359,095		11.86	to	10.69		540,380,113		1.31			0.20		to	2.65			(6.14	)	to	(8.39	)
12/31/2017		225,073,336		12.63	to	11.67		650,551,880		1.28			0.20		to	2.65			19.77		to	17.21
TA BlackRock iShares Dynamic Allocation - Balanced Service Class
12/31/2021		152,615,380		14.38	to	1.20		935,484,103		0.56			0.20		to	2.50			8.95		to	6.47
12/31/2020		171,546,896		13.20	to	1.13		964,405,620		1.66			0.20		to	2.50			(0.75	)	to	(3.00	)
12/31/2019		188,777,088		13.30	to	1.17		1,048,148,666		1.59			0.20		to	2.50			15.83		to	13.20
12/31/2018		211,305,384		11.48	to	1.03		987,628,491		1.40			0.20		to	2.50			(3.51	)	to	(5.72	)
12/31/2017		240,726,764		11.90	to	1.09		1,134,168,274		1.13			0.20		to	2.50			9.97		to	7.78
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class
12/31/2021		68,867,990		15.45	to	1.38		405,229,493		0.28			0.20		to	2.50			14.18		to	11.58
12/31/2020		78,541,890		13.53	to	1.23		401,118,370		1.60			0.20		to	2.50			(2.36	)	to	(4.58	)
12/31/2019		87,000,387		13.86	to	1.29		447,785,619		1.37			0.20		to	2.50			16.59		to	13.94
12/31/2018		99,265,335		11.89	to	1.13		430,016,813		1.22			0.20		to	2.50			(4.92	)	to	(7.10	)
12/31/2017		111,240,123		12.50	to	1.22		502,210,785		0.98			0.20		to	2.50			12.70		to	10.45
TA BlackRock iShares Edge 100 Service Class
12/31/2021		3,811,159		19.75	to	15.88		71,242,476		0.94			0.20		to	2.50			18.12		to	15.47
12/31/2020		3,753,435		16.72	to	13.75		59,978,989		1.67			0.20		to	2.50			9.66		to	7.20
12/31/2019		3,371,713		15.24	to	12.83		49,637,017		1.54			0.20		to	2.50			24.33		to	21.54
12/31/2018		2,916,657		12.26	to	10.56		34,919,921		1.17			0.20		to	2.50			(5.52	)	to	(7.65	)
12/31/2017		3,121,438		12.98	to	11.43		39,921,039		0.54			0.20		to	2.50			22.68		to	20.23
TA BlackRock iShares Edge 40 Initial Class
12/31/2021		9,030,676		2.05	to	12.31		18,704,737		1.78			0.30		to	2.80			5.77		to	3.20
12/31/2020		10,377,146		1.94	to	11.93		20,577,421		2.47			0.30		to	2.80			9.32		to	6.66
12/31/2019		9,936,931		1.77	to	11.18		17,996,551		2.24			0.30		to	2.80			14.96		to	12.17
12/31/2018		10,486,812		1.54	to	9.97		16,837,445		1.90			0.30		to	2.80			(4.43	)	to	(6.76	)
12/31/2017		11,583,518		1.61	to	10.69		19,894,941		1.73			0.30		to	2.80			9.42		to	6.76
TA BlackRock iShares Edge 40 Service Class
12/31/2021		90,734,264		14.89	to	12.26		278,799,836		1.52			0.20		to	2.65			5.56		to	3.04
12/31/2020		102,613,543		14.11	to	11.89		294,458,872		2.21			0.20		to	2.65			9.23		to	6.63
12/31/2019		115,789,426		12.91	to	11.15		292,492,929		1.96			0.20		to	2.65			14.87		to	12.13
12/31/2018		132,547,925		11.24	to	9.95		277,272,924		1.65			0.20		to	2.65			(4.62	)	to	(6.91	)
12/31/2017		153,773,203		11.79	to	10.69		324,322,394		1.49			0.20		to	2.65			9.19		to	6.70

72

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
TA BlackRock iShares Edge 50 Service Class
12/31/2021		34,207,740		$15.27	to	$12.99		$   495,078,284		1.13	%		0.20	%	to	2.50	%		7.53	%	to	5.11	%
12/31/2020		33,008,160		14.20	to	12.36		448,423,739		1.27			0.20		to	2.50			9.50		to	7.05
12/31/2019		24,058,879		12.97	to	11.54		301,321,199		0.94			0.20		to	2.50			15.80		to	13.21
12/31/2018		12,508,832		11.20	to	10.20		136,530,066		0.96			0.20		to	2.50			(2.82	)	to	(5.01	)
12/31/2017		5,580,252		11.52	to	10.74		63,218,179		0.74			0.20		to	2.50			12.34		to	10.10
TA BlackRock iShares Edge 75 Service Class
12/31/2021		11,154,353		17.32	to	14.43		182,158,515		1.06			0.20		to	2.50			12.71		to	10.18
12/31/2020		11,324,666		15.36	to	13.10		165,771,162		1.38			0.20		to	2.50			10.04		to	7.57
12/31/2019		8,767,414		13.96	to	12.18		117,927,147		0.97			0.20		to	2.50			20.04		to	17.34
12/31/2018		5,307,037		11.63	to	10.38		60,147,061		0.91			0.20		to	2.50			(4.10	)	to	(6.27	)
12/31/2017		2,206,073		12.13	to	11.07		26,367,946		0.46			0.20		to	2.50			17.44		to	15.10
TA BlackRock Tactical Allocation Service Class
12/31/2021		270,119,713		17.41	to	13.25		1,153,148,970		2.45			0.20		to	2.80			7.42		to	4.70
12/31/2020		312,039,360		16.21	to	12.65		1,242,098,550		1.73			0.20		to	2.80			12.96		to	10.11
12/31/2019		361,724,078		14.35	to	11.49		1,256,854,629		2.17			0.20		to	2.80			16.82		to	13.86
12/31/2018		420,090,936		12.28	to	10.09		1,233,781,924		0.97			0.20		to	2.80			(4.61	)	to	(7.03	)
12/31/2017		488,544,310		12.88	to	10.86		1,483,799,252		1.46			0.20		to	2.80			11.18		to	8.65
TA Goldman Sachs 70/30 Service Class
12/31/2021		129,421		14.30	to	13.88		1,822,679		1.07			0.20		to	2.00			12.86		to	10.85
12/31/2020(1)		1,613		12.67	to	12.52		20,311		-			0.20		to	2.00			-		to	-
TA International Focus Initial Class
12/31/2021		34,020,753		2.83	to	15.67		78,746,427		1.24			0.30		to	2.80			10.49		to	7.80
12/31/2020		41,664,394		2.57	to	14.54		87,876,379		2.26			0.30		to	2.80			20.54		to	17.60
12/31/2019		46,784,649		2.13	to	12.36		82,908,303		1.64			0.30		to	2.80			27.30		to	24.20
12/31/2018		49,721,997		1.67	to	9.95		70,582,731		1.25			0.30		to	2.80			(17.95	)	to	(19.96	)
12/31/2017		49,776,559		2.04	to	12.43		86,501,729		1.33			0.30		to	2.80			26.87		to	23.79
TA International Focus Service Class
12/31/2021		16,691,452		17.91	to	15.59		123,852,336		1.04			0.20		to	2.65			10.41		to	7.77
12/31/2020		17,982,050		16.22	to	14.46		115,207,635		2.09			0.20		to	2.65			20.34		to	17.47
12/31/2019		19,878,211		13.48	to	12.31		101,695,343		1.37			0.20		to	2.65			27.15		to	24.11
12/31/2018		22,805,284		10.60	to	9.92		84,441,642		0.95			0.20		to	2.65			(18.11	)	to	(20.08	)
12/31/2017		29,599,165		12.95	to	12.41		116,136,840		1.17			0.20		to	2.65			25.85		to	23.72
TA Janus Balanced Service Class
12/31/2021		153,039,404		22.73	to	16.33		1,132,349,414		1.12			0.20		to	2.65			15.21		to	12.46
12/31/2020		171,067,789		19.73	to	14.52		1,085,023,467		1.51			0.20		to	2.65			14.08		to	11.36
12/31/2019		184,402,723		17.29	to	13.04		998,779,258		1.37			0.20		to	2.65			21.53		to	18.63
12/31/2018		194,748,292		14.23	to	10.99		840,916,560		1.48			0.20		to	2.65			(0.27	)	to	(2.66	)
12/31/2017		194,033,939		14.27	to	11.29		836,976,066		1.32			0.20		to	2.65			16.21		to	13.73
TA Janus Mid-Cap Growth Initial Class
12/31/2021		26,868,733		4.89	to	20.89		82,603,363		0.27			0.30		to	2.80			16.95		to	14.10
12/31/2020		34,258,222		4.18	to	18.31		90,938,573		0.23			0.30		to	2.80			18.85		to	15.96
12/31/2019		38,655,012		3.52	to	15.79		87,346,650		0.07			0.30		to	2.80			36.30		to	32.99
12/31/2018		40,505,558		2.58	to	11.87		67,902,458		0.06			0.30		to	2.80			(1.51	)	to	(3.92	)
12/31/2017		43,015,893		2.62	to	12.36		73,761,288		0.10			0.30		to	2.80			28.62		to	25.51
TA Janus Mid-Cap Growth Service Class
12/31/2021		17,742,369		26.44	to	20.78		217,859,738		0.10			0.20		to	2.65			16.76		to	13.97
12/31/2020		19,613,738		22.65	to	18.23		195,280,987		0.04			0.20		to	2.65			18.69		to	15.86
12/31/2019		20,310,940		19.08	to	15.74		146,913,356		-			0.20		to	2.65			36.06		to	32.81
12/31/2018		20,363,814		14.02	to	11.85		86,366,801		-			0.20		to	2.65			(1.65	)	to	(4.02	)
12/31/2017		21,217,980		14.26	to	12.35		83,552,225		-			0.20		to	2.65			27.59		to	25.42

73

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
TA JPMorgan Asset Allocation - Conservative Initial Class
12/31/2021		68,625,564		$2.24	to	$12.69		$   148,147,123		2.49	%		0.30	%	to	2.80	%		5.58	%	to	3.02	%
12/31/2020		80,924,720		2.12	to	12.32		167,552,183		2.52			0.30		to	2.80			11.14		to	8.44
12/31/2019		83,056,161		1.91	to	11.36		156,640,797		2.64			0.30		to	2.80			13.56		to	10.80
12/31/2018		87,232,931		1.68	to	10.25		146,643,478		1.84			0.30		to	2.80			(4.27	)	to	(6.61	)
12/31/2017		95,917,441		1.75	to	10.98		171,462,292		2.09			0.30		to	2.80			12.47		to	9.75
TA JPMorgan Asset Allocation - Conservative Service Class
12/31/2021		261,747,697		15.41	to	12.62		927,848,971		2.18			0.20		to	2.65			5.42		to	2.90
12/31/2020		297,142,588		14.62	to	12.26		986,050,891		2.27			0.20		to	2.65			11.02		to	8.38
12/31/2019		338,740,194		13.17	to	11.31		995,998,146		2.23			0.20		to	2.65			13.32		to	10.62
12/31/2018		372,496,615		11.62	to	10.23		910,676,358		1.58			0.20		to	2.65			(4.47	)	to	(6.77	)
12/31/2017		432,130,521		12.16	to	10.97		1,060,315,451		1.88			0.20		to	2.65			12.06		to	9.67
TA JPMorgan Asset Allocation - Growth Initial Class
12/31/2021		84,810,742		3.39	to	18.21		291,759,374		1.69			0.30		to	2.80			19.28		to	16.38
12/31/2020		108,290,844		2.84	to	15.64		315,946,230		1.71			0.30		to	2.80			24.37		to	21.34
12/31/2019		116,876,305		2.28	to	12.89		276,399,883		1.73			0.30		to	2.80			25.67		to	22.62
12/31/2018		125,967,602		1.82	to	10.51		239,894,471		1.83			0.30		to	2.80			(10.66	)	to	(12.85	)
12/31/2017		138,715,582		2.03	to	12.06		298,478,723		1.44			0.30		to	2.80			24.26		to	21.25
TA JPMorgan Asset Allocation - Growth Service Class
12/31/2021		43,761,584		24.95	to	18.11		277,338,674		1.48			0.20		to	2.65			19.11		to	16.27
12/31/2020		49,937,665		20.95	to	15.58		256,180,984		1.49			0.20		to	2.65			24.11		to	21.15
12/31/2019		56,218,037		16.88	to	12.86		223,490,179		1.49			0.20		to	2.65			25.61		to	22.61
12/31/2018		62,042,687		13.44	to	10.49		179,178,132		1.64			0.20		to	2.65			(10.88	)	to	(13.02	)
12/31/2017		71,714,802		15.08	to	12.06		221,484,340		1.24			0.20		to	2.65			23.82		to	21.17
TA JPMorgan Asset Allocation - Moderate Initial Class
12/31/2021		136,563,569		2.55	to	13.74		338,721,084		1.91			0.30		to	2.80			8.85		to	6.21
12/31/2020		167,334,087		2.34	to	12.94		386,197,515		2.19			0.30		to	2.80			12.27		to	9.54
12/31/2019		179,888,900		2.09	to	11.81		374,973,973		2.17			0.30		to	2.80			16.07		to	13.25
12/31/2018		197,798,951		1.80	to	10.43		359,948,040		1.74			0.30		to	2.80			(5.41	)	to	(7.73	)
12/31/2017		214,216,713		1.90	to	11.30		416,447,113		1.86			0.30		to	2.80			16.12		to	13.30
TA JPMorgan Asset Allocation - Moderate Service Class
12/31/2021		1,144,562,296		17.27	to	13.67		6,100,877,248		1.70			0.20		to	2.65			8.71		to	6.12
12/31/2020		1,281,493,795		15.89	to	12.88		6,149,536,745		2.01			0.20		to	2.65			12.05		to	9.38
12/31/2019		1,411,687,562		14.18	to	11.78		5,681,558,353		1.94			0.20		to	2.65			15.95		to	13.18
12/31/2018		1,547,786,893		12.23	to	10.40		4,918,563,752		1.56			0.20		to	2.65			(5.54	)	to	(7.81	)
12/31/2017		1,721,740,775		12.95	to	11.29		5,252,747,161		1.65			0.20		to	2.65			15.60		to	13.13
TA JPMorgan Asset Allocation - Moderate Growth Initial Class
12/31/2021		171,255,655		2.85	to	15.19		487,440,782		2.18			0.30		to	2.80			13.61		to	10.84
12/31/2020		207,605,776		2.51	to	13.71		526,342,752		2.04			0.30		to	2.80			14.72		to	11.93
12/31/2019		221,095,017		2.19	to	12.25		494,980,786		2.18			0.30		to	2.80			19.65		to	16.74
12/31/2018		237,682,384		1.83	to	10.49		449,982,016		1.86			0.30		to	2.80			(7.35	)	to	(9.62	)
12/31/2017		253,563,185		1.98	to	11.60		524,868,709		1.71			0.30		to	2.80			19.42		to	16.52
TA JPMorgan Asset Allocation - Moderate Growth Service Class
12/31/2021		822,991,778		19.96	to	15.11		3,313,249,689		1.94			0.20		to	2.65			13.48		to	10.77
12/31/2020		946,199,278		17.59	to	13.64		3,336,796,672		1.81			0.20		to	2.65			14.44		to	11.70
12/31/2019		1,072,176,193		15.37	to	12.21		3,277,444,014		1.93			0.20		to	2.65			19.55		to	16.70
12/31/2018		1,233,418,891		12.86	to	10.47		3,113,335,571		1.65			0.20		to	2.65			(7.51	)	to	(9.73	)
12/31/2017		1,392,455,162		13.90	to	11.59		3,718,610,494		1.52			0.20		to	2.65			18.96		to	16.42

74

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
TA JPMorgan Core Bond Service Class
12/31/2021		59,035,305		$12.03	to	$10.43		$   305,664,647		2.37	%		0.20	%	to	2.65	%		(1.46	)  %	to	(3.82	)  %
12/31/2020		65,914,063		12.21	to	10.84		320,495,238		3.39			0.20		to	2.65			6.95		to	4.40
12/31/2019		63,811,767		11.41	to	10.39		267,800,611		2.33			0.20		to	2.65			8.04		to	5.46
12/31/2018		65,985,037		10.56	to	9.85		232,204,364		2.91			0.20		to	2.65			(0.29	)	to	(2.68	)
12/31/2017		72,762,576		10.60	to	10.12		234,929,539		2.56			0.20		to	2.65			2.96		to	0.76
TA JPMorgan Enhanced Index Initial Class
12/31/2021		30,932,676		5.00	to	20.07		152,720,740		0.78			0.30		to	2.80			29.73		to	26.58
12/31/2020		37,329,408		3.86	to	15.85		143,094,946		1.44			0.30		to	2.80			19.81		to	16.89
12/31/2019		41,798,145		3.22	to	13.56		135,407,620		1.19			0.30		to	2.80			30.64		to	27.47
12/31/2018		44,289,570		2.46	to	10.64		111,021,328		1.10			0.30		to	2.80			(6.29	)	to	(8.59	)
12/31/2017		46,939,835		2.63	to	11.64		127,335,985		0.56			0.30		to	2.80			20.79		to	17.86
TA JPMorgan Enhanced Index Service Class
12/31/2021		7,586,839		33.01	to	19.95		120,395,636		0.59			0.20		to	2.65			29.53		to	26.44
12/31/2020		8,456,169		25.48	to	15.78		98,536,608		1.30			0.20		to	2.65			19.62		to	16.77
12/31/2019		9,090,987		21.30	to	13.51		79,574,306		0.97			0.20		to	2.65			30.43		to	27.31
12/31/2018		10,181,659		16.33	to	10.61		57,236,560		0.87			0.20		to	2.65			(6.43	)	to	(8.68	)
12/31/2017		12,493,704		17.46	to	11.62		67,683,559		0.41			0.20		to	2.65			19.74		to	17.71
TA JPMorgan International Moderate Growth Initial Class
12/31/2021		68,180		1.84	to	13.92		122,510		1.52			0.30		to	2.50			8.92		to	6.59
12/31/2020		69,069		1.69	to	13.06		114,111		2.77			0.30		to	2.50			14.55		to	12.10
12/31/2019		69,370		1.47	to	11.65		100,195		2.36			0.30		to	2.50			17.42		to	14.90
12/31/2018		68,581		1.26	to	10.14		84,487		2.40			0.30		to	2.50			(11.85	)	to	(13.75	)
12/31/2017		68,027		1.42	to	11.76		95,215		1.82			0.30		to	2.50			21.42		to	21.24
TA JPMorgan International Moderate Growth Service Class
12/31/2021		197,465,613		16.05	to	13.72		526,796,115		1.29			0.20		to	2.80			8.79		to	6.04
12/31/2020		229,071,491		14.76	to	12.94		556,823,864		2.48			0.20		to	2.80			14.31		to	11.42
12/31/2019		263,802,109		12.91	to	11.61		556,497,257		2.03			0.20		to	2.80			17.37		to	14.41
12/31/2018		300,953,145		11.00	to	10.15		537,377,054		2.15			0.20		to	2.80			(12.09	)	to	(14.32	)
12/31/2017		334,110,132		12.51	to	11.85		660,356,626		1.62			0.20		to	2.80			20.93		to	18.17
TA JPMorgan Mid Cap Value Service Class
12/31/2021		32,677,232		23.82	to	14.02		275,957,681		0.61			0.20		to	2.80			28.59		to	25.34
12/31/2020		36,764,402		18.53	to	11.19		231,007,191		1.04			0.20		to	2.80			0.83		to	(1.72	)
12/31/2019		41,359,300		18.37	to	11.38		237,476,565		1.17			0.20		to	2.80			25.74		to	22.56
12/31/2018		44,054,769		14.61	to	9.29		186,121,537		0.64			0.20		to	2.80			(12.27	)	to	(14.50	)
12/31/2017		49,949,595		16.66	to	10.86		234,010,120		0.60			0.20		to	2.80			12.68		to	10.11
TA JPMorgan Tactical Allocation Service Class
12/31/2021		213,240,216		15.08	to	12.10		1,248,715,111		1.51			0.20		to	2.65			4.42		to	1.93
12/31/2020		235,740,816		14.45	to	11.87		1,300,566,780		2.07			0.20		to	2.65			11.88		to	9.21
12/31/2019		260,751,494		12.91	to	10.87		1,220,599,661		2.08			0.20		to	2.65			11.69		to	9.02
12/31/2018		290,764,551		11.56	to	9.97		1,151,582,075		1.88			0.20		to	2.65			(3.38	)	to	(5.70	)
12/31/2017		336,938,291		11.96	to	10.57		1,290,836,386		1.59			0.20		to	2.65			8.02		to	5.71
TA Madison Diversified Income Service Class
12/31/2021		35,589,407		16.07	to	12.65		169,105,407		1.50			0.20		to	2.50			7.65		to	5.24
12/31/2020		43,896,416		14.93	to	12.02		203,382,380		1.60			0.20		to	2.50			7.74		to	5.32
12/31/2019		51,519,543		13.86	to	11.41		179,387,536		1.53			0.20		to	2.50			14.71		to	12.14
12/31/2018		50,863,663		12.08	to	10.18		135,787,858		1.47			0.20		to	2.50			(0.95	)	to	(3.19	)
12/31/2017		53,981,023		12.19	to	10.51		130,445,023		1.60			0.20		to	2.50			8.28		to	6.86

75

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
TA Managed Risk - Balanced ETF Service Class
12/31/2021		911,778,849		$15.67	to	$12.41		$ 5,086,400,083		1.13	%		0.20	%	to	2.80	%		9.14	%	to	6.38	%
12/31/2020		1,041,702,384		14.35	to	11.66		5,277,027,156		2.08			0.20		to	2.80			3.98		to	1.35
12/31/2019		1,162,728,895		13.81	to	11.51		5,570,038,106		1.96			0.20		to	2.80			15.42		to	12.50
12/31/2018		1,309,690,461		11.96	to	10.23		5,298,234,531		1.68			0.20		to	2.80			(4.74	)	to	(7.16	)
12/31/2017		1,473,800,978		12.56	to	11.02		6,047,882,818		1.68			0.20		to	2.80			13.10		to	10.36
TA Managed Risk - Conservative ETF Service Class
12/31/2021		163,346,521		14.17	to	11.29		576,424,580		1.56			0.20		to	2.80			2.55		to	(0.04	)
12/31/2020		187,422,476		13.81	to	11.29		632,851,059		2.21			0.20		to	2.80			4.70		to	2.05
12/31/2019		210,974,386		13.19	to	11.06		666,135,464		2.04			0.20		to	2.80			11.97		to	9.14
12/31/2018		245,869,418		11.78	to	10.14		671,687,849		1.79			0.20		to	2.80			(3.79	)	to	(6.24	)
12/31/2017		280,713,603		12.25	to	10.81		771,558,640		1.82			0.20		to	2.80			10.54		to	8.02
TA Managed Risk - Growth ETF Service Class
12/31/2021		554,160,883		17.67	to	13.53		2,218,534,421		0.88			0.20		to	2.80			13.82		to	10.94
12/31/2020		645,059,731		15.52	to	12.20		2,266,031,114		2.06			0.20		to	2.80			4.01		to	1.38
12/31/2019		735,600,165		14.92	to	12.03		2,476,677,187		1.74			0.20		to	2.80			19.17		to	16.16
12/31/2018		857,934,001		12.52	to	10.36		2,384,647,311		1.59			0.20		to	2.80			(7.34	)	to	(9.70	)
12/31/2017		1,000,647,147		13.52	to	11.47		2,942,924,332		1.61			0.20		to	2.80			18.12		to	15.25
TA Market Participation Strategy Service Class
12/31/2021		61,507,455		20.50	to	15.41		426,246,408		0.49			0.20		to	2.50			14.22		to	11.66
12/31/2020		68,928,666		17.95	to	13.80		431,503,440		1.00			0.20		to	2.50			20.09		to	17.39
12/31/2019		75,395,519		14.95	to	11.76		393,660,137		0.90			0.20		to	2.50			18.34		to	15.69
12/31/2018		87,219,115		12.63	to	10.16		382,090,653		0.36			0.20		to	2.50			(2.92	)	to	(5.12	)
12/31/2017		93,693,820		13.01	to	10.71		434,408,630		0.31			0.20		to	2.50			10.30		to	8.10
TA Morgan Stanley Capital Growth Initial Class
12/31/2021		65,651,720		9.20	to	35.15		537,698,346		-			0.30		to	2.80			(0.83	)	to	(3.24	)
12/31/2020		85,162,718		9.28	to	36.33		711,094,364		-			0.30		to	2.80			117.22		to	111.95
12/31/2019		95,615,249		4.27	to	17.14		372,441,653		-			0.30		to	2.80			23.37		to	20.37
12/31/2018		42,679,256		3.46	to	14.24		134,713,516		-			0.30		to	2.80			6.36		to	3.76
12/31/2017		42,128,648		3.26	to	13.73		126,618,578		-			0.30		to	2.80			43.17		to	39.70
TA Morgan Stanley Capital Growth Service Class
12/31/2021		27,708,124		61.46	to	34.96		834,633,412		-			0.20		to	2.65			(1.02	)	to	(3.39	)
12/31/2020		30,658,070		62.09	to	36.19		868,139,473		-			0.20		to	2.65			116.86		to	111.69
12/31/2019		31,609,616		28.63	to	17.10		362,045,816		-			0.20		to	2.65			23.22		to	20.28
12/31/2018		14,619,393		23.24	to	14.21		108,734,790		-			0.20		to	2.65			6.22		to	3.67
12/31/2017		14,528,067		21.88	to	13.71		91,705,626		-			0.20		to	2.65			41.99		to	39.58
TA Morgan Stanley Global Allocation Service Class
12/31/2021		308,465,105		17.48	to	13.83		1,114,949,967		0.48			0.20		to	2.65			7.96		to	5.39
12/31/2020		356,384,317		16.20	to	13.12		1,183,113,160		0.93			0.20		to	2.65			18.10		to	15.28
12/31/2019		409,496,790		13.71	to	11.38		1,137,383,093		0.94			0.20		to	2.65			17.61		to	14.81
12/31/2018		474,880,900		11.66	to	9.91		1,101,022,848		1.11			0.20		to	2.65			(7.81	)	to	(10.02	)
12/31/2017		559,095,448		12.65	to	11.02		1,370,732,763		1.08			0.20		to	2.65			12.99		to	10.57
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class
12/31/2021		23,764,763		12.82	to	11.64		283,342,932		5.17			0.20		to	2.50			6.96		to	4.57
12/31/2020		25,059,564		11.99	to	11.13		282,434,050		1.28			0.20		to	2.50			6.28		to	3.89
12/31/2019		25,329,115		11.28	to	10.72		271,457,068		2.99			0.20		to	2.50			14.48		to	11.91
12/31/2018		22,915,904		9.85	to	9.58		216,773,827		1.20			0.20		to	2.50			(7.95	)	to	(10.03	)
12/31/2017		19,095,805		10.70	to	10.64		198,315,259		0.68			0.20		to	2.50			12.00		to	9.77

76

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
TA MSCI EAFE Index Service Class
12/31/2021		4,875,589		$13.63	to	$12.26		$     63,434,579		1.48	%		0.35	%	to	2.65	%		10.56	%	to	8.09	%
12/31/2020		4,491,101		12.33	to	11.34		53,386,659		1.68			0.35		to	2.65			7.44		to	5.03
12/31/2019		3,400,933		11.47	to	10.80		38,023,654		1.30			0.35		to	2.65			20.68		to	17.97
12/31/2018		1,738,557		9.51	to	9.15		16,267,170		0.43			0.35		to	2.65			(14.53	)	to	(16.46	)
12/31/2017(1)		628,764		11.12	to	10.96		6,948,109		-			0.35		to	2.65			-		to	-
TA Multi-Managed Balanced Initial Class
12/31/2021		27,725,298		3.87	to	15.74		103,782,711		1.15			0.30		to	2.80			16.69		to	13.85
12/31/2020		33,936,657		3.32	to	13.82		110,614,671		1.61			0.30		to	2.80			15.55		to	12.74
12/31/2019		34,030,880		2.87	to	12.26		97,122,745		1.66			0.30		to	2.80			21.40		to	18.45
12/31/2018		35,336,427		2.36	to	10.35		84,092,450		1.44			0.30		to	2.80			(3.95	)	to	(6.30	)
12/31/2017		36,409,215		2.46	to	11.05		91,688,505		0.86			0.30		to	2.80			13.80		to	11.04
TA Multi-Managed Balanced Service Class
12/31/2021		157,878,316		22.77	to	15.66		1,423,573,591		0.95			0.20		to	2.65			16.56		to	13.78
12/31/2020		174,556,480		19.54	to	13.76		1,344,853,751		1.37			0.20		to	2.65			15.37		to	12.62
12/31/2019		193,463,242		16.94	to	12.22		1,261,699,037		1.43			0.20		to	2.65			21.25		to	18.36
12/31/2018		213,053,682		13.97	to	10.33		1,113,804,034		1.21			0.20		to	2.65			(4.10	)	to	(6.40	)
12/31/2017		245,736,768		14.56	to	11.03		1,284,175,277		0.79			0.20		to	2.65			13.48		to	10.89
TA PIMCO Tactical - Balanced Service Class
12/31/2021		105,269,645		16.43	to	12.68		489,372,576		-			0.20		to	2.65			6.18		to	3.64
12/31/2020		121,270,158		15.47	to	12.24		534,011,851		3.24			0.20		to	2.65			8.64		to	6.05
12/31/2019		133,079,664		14.24	to	11.54		545,140,658		0.16			0.20		to	2.65			19.44		to	16.59
12/31/2018		152,110,362		11.92	to	9.90		514,523,316		3.19			0.20		to	2.65			(7.12	)	to	(9.35	)
12/31/2017		172,652,804		12.84	to	10.92		628,788,296		0.30			0.20		to	2.65			11.54		to	9.15
TA PIMCO Tactical - Conservative Service Class
12/31/2021		47,693,615		15.75	to	12.37		238,609,962		1.01			0.20		to	2.65			4.00		to	1.52
12/31/2020		58,483,928		15.15	to	12.19		279,544,029		1.41			0.20		to	2.65			9.67		to	7.06
12/31/2019		63,063,445		13.81	to	11.38		257,753,596		0.10			0.20		to	2.65			17.33		to	14.53
12/31/2018		69,943,022		11.77	to	9.94		237,796,879		3.31			0.20		to	2.65			(5.34	)	to	(7.61	)
12/31/2017		79,062,157		12.44	to	10.76		282,866,000		1.29			0.20		to	2.65			9.90		to	7.55
TA PIMCO Tactical - Growth Service Class
12/31/2021		52,380,478		17.56	to	13.42		316,811,089		-			0.20		to	2.65			8.99		to	6.39
12/31/2020		59,622,417		16.11	to	12.62		340,652,909		3.91			0.20		to	2.65			8.87		to	6.28
12/31/2019		67,856,653		14.80	to	11.87		344,227,526		-			0.20		to	2.65			21.31		to	18.42
12/31/2018		77,403,230		12.20	to	10.03		311,059,978		3.06			0.20		to	2.65			(7.87	)	to	(10.08	)
12/31/2017		89,424,879		13.24	to	11.15		373,518,260		0.40			0.20		to	2.65			14.31		to	11.87
TA PIMCO Total Return Initial Class
12/31/2021		83,873,456		1.89	to	10.59		143,870,348		1.54			0.30		to	2.80			(1.17	)	to	(3.57	)
12/31/2020		92,744,164		1.92	to	10.98		163,368,662		4.21			0.30		to	2.80			7.36		to	4.75
12/31/2019		97,537,181		1.78	to	10.48		162,583,767		2.53			0.30		to	2.80			8.09		to	5.46
12/31/2018		100,615,759		1.65	to	9.94		157,867,721		2.61			0.30		to	2.80			(0.95	)	to	(3.38	)
12/31/2017		108,525,289		1.67	to	10.29		174,652,447		-			0.30		to	2.80			4.57		to	2.04
TA PIMCO Total Return Service Class
12/31/2021		232,991,473		11.95	to	10.55		663,798,024		1.26			0.20		to	2.65			(1.27	)	to	(3.62	)
12/31/2020		257,532,168		12.10	to	10.94		723,436,012		4.02			0.20		to	2.65			7.19		to	4.63
12/31/2019		289,976,616		11.29	to	10.46		721,416,264		2.26			0.20		to	2.65			8.00		to	5.42
12/31/2018		331,762,980		10.46	to	9.92		717,759,315		2.40			0.20		to	2.65			(1.22	)	to	(3.59	)
12/31/2017		381,085,363		10.58	to	10.29		803,609,896		-			0.20		to	2.65			4.33		to	1.95

77

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
TA PineBridge Inflation Opportunities Service Class
12/31/2021		58,881,898		$11.31	to	$10.96		$   150,647,481		1.17	%		0.20	%	to	2.65	%		3.65	%	to	1.18	%
12/31/2020		61,183,192		10.91	to	10.83		146,174,577		1.53			0.20		to	2.65			8.48		to	5.89
12/31/2019		68,795,573		10.06	to	10.23		148,339,095		2.30			0.20		to	2.65			7.99		to	5.41
12/31/2018		80,400,948		9.31	to	9.71		154,495,130		1.69			0.20		to	2.65			(1.74	)	to	(4.10	)
12/31/2017		90,816,209		9.48	to	10.12		173,872,830		0.23			0.20		to	2.65			2.67		to	0.48
TA ProFunds UltraBear Service Class (OAM)
12/31/2021		1,095,061,422		0.02	to	1.00		6,876,123		-			0.45		to	2.65			(42.23	)	to	(43.57	)
12/31/2020		809,328,862		0.04	to	1.78		8,853,786		0.27			0.45		to	2.65			(53.64	)	to	(54.62	)
12/31/2019		528,747,957		0.08	to	3.92		12,630,584		-			0.45		to	2.65			(43.10	)	to	(44.33	)
12/31/2018		824,917,799		0.14	to	7.04		35,025,006		-			0.45		to	2.65			6.06		to	3.76
12/31/2017		325,897,312		0.13	to	6.79		13,176,394		-			0.45		to	2.65			(32.66	)	to	(34.10	)
TA Rothschild & Co Large Cap Value Service Class
12/31/2021		5,761,773		13.63	to	12.54		43,772,055		0.77			0.20		to	2.50			30.30		to	27.38
12/31/2020		3,305,330		10.46	to	9.85		23,639,749		0.69			0.20		to	2.50			(0.80	)	to	(3.03	)
12/31/2019		1,468,558		10.55	to	10.16		10,944,450		0.27			0.20		to	2.50			16.76		to	14.14
12/31/2018(1)		323,389		9.03	to	8.90		2,100,210		0.19			0.20		to	2.50			-		to	-
TA S&P 500 Index Service Class
12/31/2021		22,144,759		20.94	to	18.83		442,108,663		0.82			0.35		to	2.65			27.69		to	24.83
12/31/2020		18,652,397		16.40	to	15.09		294,668,211		0.73			0.35		to	2.65			17.56		to	14.93
12/31/2019		13,156,763		13.95	to	13.13		178,742,034		0.49			0.35		to	2.65			30.44		to	27.52
12/31/2018		4,460,433		10.69	to	10.29		46,909,805		0.24			0.35		to	2.65			(5.32	)	to	(7.46	)
12/31/2017(1)		1,656,725		11.29	to	11.12		18,585,620		-			0.35		to	2.65			-		to	-
TA Small/Mid Cap Value Initial Class
12/31/2021		13,197,822		3.95	to	14.65		109,376,817		0.65			0.30		to	2.80			27.74		to	24.64
12/31/2020		16,289,774		3.09	to	11.76		105,260,571		1.19			0.30		to	2.80			3.73		to	1.21
12/31/2019		18,085,702		2.98	to	11.62		114,726,591		0.96			0.30		to	2.80			24.90		to	21.87
12/31/2018		20,576,048		2.39	to	9.53		105,244,710		0.89			0.30		to	2.80			(11.72	)	to	(13.88	)
12/31/2017		22,801,173		2.71	to	11.07		135,391,174		1.13			0.30		to	2.80			15.21		to	12.42
TA Small/Mid Cap Value Service Class
12/31/2021		21,985,473		24.44	to	14.57		206,377,951		0.50			0.20		to	2.65			27.56		to	24.52
12/31/2020		24,053,506		19.16	to	11.70		165,772,343		1.02			0.20		to	2.65			3.53		to	1.06
12/31/2019		26,380,984		18.50	to	11.58		149,629,508		0.76			0.20		to	2.65			24.69		to	21.72
12/31/2018		28,152,654		14.84	to	9.51		105,380,785		0.68			0.20		to	2.65			(11.81	)	to	(13.93	)
12/31/2017		33,142,579		16.83	to	11.05		129,538,718		0.97			0.20		to	2.65			14.23		to	12.29
TA T. Rowe Price Small Cap Initial Class
12/31/2021		29,162,918		5.69	to	17.86		134,105,176		-			0.30		to	2.80			11.04		to	8.34
12/31/2020		35,663,295		5.13	to	16.49		148,895,580		-			0.30		to	2.80			23.19		to	20.20
12/31/2019		39,725,671		4.16	to	13.72		136,379,747		-			0.30		to	2.80			32.37		to	29.15
12/31/2018		43,487,831		3.14	to	10.62		114,179,188		-			0.30		to	2.80			(7.36	)	to	(9.63	)
12/31/2017		45,509,419		3.39	to	11.75		129,784,292		-			0.30		to	2.80			22.02		to	19.07
TA T. Rowe Price Small Cap Service Class
12/31/2021		26,971,176		30.75	to	17.77		416,959,652		-			0.20		to	2.65			10.86		to	8.21
12/31/2020		29,885,913		27.73	to	16.42		393,015,826		-			0.20		to	2.65			23.06		to	20.12
12/31/2019		32,292,237		22.54	to	13.67		313,681,024		-			0.20		to	2.65			32.12		to	28.97
12/31/2018		33,335,132		17.06	to	10.60		210,676,582		-			0.20		to	2.65			(7.47	)	to	(9.69	)
12/31/2017		37,785,697		18.43	to	11.74		241,993,274		-			0.20		to	2.65			20.93		to	18.88

78

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
TA TS&W International Equity Initial Class
12/31/2021		32,805,628		$2.23	to	$13.25		$     79,450,845		1.82	%		0.30	%	to	2.80	%		13.07	%	to	10.32	%
12/31/2020		37,510,561		1.97	to	12.01		81,434,181		3.13			0.30		to	2.80			6.22		to	3.64
12/31/2019		40,250,949		1.86	to	11.59		83,257,900		1.42			0.30		to	2.80			20.70		to	17.77
12/31/2018		42,739,151		1.54	to	9.84		73,746,197		2.44			0.30		to	2.80			(15.78	)	to	(17.84	)
12/31/2017		40,975,824		1.83	to	11.98		85,535,379		2.19			0.30		to	2.80			22.54		to	19.57
TA TS&W International Equity Service Class
12/31/2021		9,840,797		15.71	to	13.18		61,790,900		1.67			0.20		to	2.65			12.98		to	10.28
12/31/2020		10,449,862		13.91	to	11.95		54,523,483		3.02			0.20		to	2.65			5.99		to	3.46
12/31/2019		10,975,213		13.12	to	11.55		46,304,060		1.19			0.20		to	2.65			20.49		to	17.62
12/31/2018		12,291,177		10.89	to	9.82		35,983,797		2.20			0.20		to	2.65			(15.87	)	to	(17.89	)
12/31/2017		13,819,574		12.94	to	11.96		43,576,774		2.01			0.20		to	2.65			21.56		to	19.50
TA WMC US Growth Initial Class
12/31/2021		126,944,457		5.60	to	25.72		555,926,199		0.08			0.30		to	2.80			20.30		to	17.38
12/31/2020		154,155,439		4.65	to	21.91		567,857,743		0.11			0.30		to	2.80			36.89		to	33.56
12/31/2019		169,149,426		3.40	to	16.40		460,449,558		0.12			0.30		to	2.80			39.63		to	36.23
12/31/2018		125,844,251		2.43	to	12.04		249,568,122		0.48			0.30		to	2.80			(0.09	)	to	(2.53	)
12/31/2017		139,553,543		2.44	to	12.35		276,903,733		0.42			0.30		to	2.80			28.81		to	25.69
TA WMC US Growth Service Class
12/31/2021		24,329,498		41.54	to	25.58		356,189,502		-			0.20		to	2.65			20.13		to	17.26
12/31/2020		26,723,184		34.58	to	21.81		314,480,113		-			0.20		to	2.65			36.66		to	33.41
12/31/2019		29,264,303		25.30	to	16.35		222,359,352		-			0.20		to	2.65			39.40		to	36.07
12/31/2018		24,232,577		18.15	to	12.02		113,091,417		0.28			0.20		to	2.65			(0.23	)	to	(2.63	)
12/31/2017		28,142,974		18.19	to	12.34		123,555,754		0.21			0.20		to	2.65			27.71		to	25.55
Vanguard® Balanced
12/31/2021		1,267,393		13.13	to	12.62		16,289,938		1.02			0.27		to	2.60			18.69		to	15.96
12/31/2020		78,077		11.06	to	10.88		860,575		0.08			0.27		to	2.60			10.38		to	10.16
12/31/2019(1)		-		10.02	to	10.02		-		-			0.27		to	0.47			-		to	-
Vanguard® Capital Growth
12/31/2021		117,412		14.20	to	14.14		1,665,830		0.50			0.27		to	0.47			21.21		to	20.97
12/31/2020		21,652		11.71	to	11.69		253,306		-			0.27		to	0.47			17.16		to	16.92
12/31/2019(1)		-		10.00	to	10.00		-		-			0.27		to	0.47			-		to	-
Vanguard® Conservative Allocation
12/31/2021		665,743		11.80	to	11.34		7,733,391		0.96			0.27		to	2.60			5.70		to	3.27
12/31/2020		41,609		11.16	to	10.98		463,483		0.10			0.27		to	2.60			11.43		to	11.21
12/31/2019(1)		-		10.02	to	10.02		-		-			0.27		to	0.47			-		to	-
Vanguard® Diversified Value
12/31/2021		96,561		14.55	to	14.49		1,404,212		0.37			0.27		to	0.47			30.11		to	29.85
12/31/2020		5,412		11.18	to	11.16		60,482		-			0.27		to	0.47			11.48		to	11.26
12/31/2019(1)		-		10.03	to	10.03		-		-			0.27		to	0.47			-		to	-
Vanguard® Equity Income
12/31/2021		70,548		12.89	to	12.83		908,814		1.01			0.27		to	0.47			24.99		to	24.74
12/31/2020		14,586		10.31	to	10.29		150,226		0.68			0.27		to	0.47			2.97		to	2.76
12/31/2019(1)		-		10.01	to	10.01		-		-			0.27		to	0.47			-		to	-
Vanguard® Equity Index
12/31/2021		829,466		33.60	to	20.20		9,934,344		0.97			0.27		to	2.50			28.20		to	25.42
12/31/2020		734,295		26.21	to	16.10		5,640,805		1.70			0.27		to	2.50			17.88		to	15.32
12/31/2019		1,106,204		22.23	to	13.96		5,072,380		1.90			0.27		to	2.50			30.91		to	28.10
12/31/2018		1,183,932		2.06	to	10.90		4,075,298		1.62			0.30		to	2.50			(4.79	)	to	(6.85	)
12/31/2017		813,744		2.17	to	11.70		3,788,631		1.63			0.30		to	2.50			21.29		to	20.45

79

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
Vanguard® Global Bond Index
12/31/2021		30,326		$10.42	to	$10.38		$          315,941		0.99	%		0.27	%	to	0.47	%		(2.11	)  %	to	(2.30	)  %
12/31/2020		3,894		10.64	to	10.62		41,442		-			0.27		to	0.47			6.38		to	6.17
12/31/2019(1)		-		10.00	to	10.00		-		-			0.27		to	0.47			-		to	-
Vanguard® Growth
12/31/2021		207,643		16.81	to	16.74		3,489,927		0.01			0.27		to	0.47			17.54		to	17.31
12/31/2020		41,163		14.30	to	14.27		588,485		-			0.27		to	0.47			42.71		to	42.42
12/31/2019(1)		-		10.02	to	10.02		-		-			0.27		to	0.47			-		to	-
Vanguard® High Yield Bond
12/31/2021		50,792		10.90	to	10.85		553,263		1.14			0.27		to	0.47			3.40		to	3.19
12/31/2020		4,192		10.54	to	10.52		44,141		-			0.27		to	0.47			5.39		to	5.18
12/31/2019(1)		-		10.00	to	10.00		-		-			0.27		to	0.47			-		to	-
Vanguard® International
12/31/2021		469,378		26.91	to	21.85		7,109,922		0.21			0.27		to	2.70			(1.81	)	to	(4.13	)
12/31/2020		371,216		27.41	to	22.80		4,482,671		1.15			0.27		to	2.70			57.16		to	53.44
12/31/2019		570,592		17.44	to	14.86		2,830,970		1.30			0.27		to	2.70			30.82		to	27.77
12/31/2018		567,663		1.45	to	11.63		1,859,489		0.82			0.30		to	2.70			(12.88	)	to	(14.93	)
12/31/2017		767,522		1.66	to	13.67		2,310,758		0.93			0.30		to	2.70			42.25		to	41.26
Vanguard® Mid-Cap Index
12/31/2021		525,414		29.23	to	17.79		12,811,995		0.68			0.27		to	2.70			24.02		to	21.09
12/31/2020		222,552		23.57	to	14.69		3,327,984		1.36			0.27		to	2.70			17.75		to	14.97
12/31/2019		344,777		20.02	to	12.78		2,287,080		1.30			0.27		to	2.70			30.48		to	27.43
12/31/2018		332,115		1.99	to	10.03		1,356,724		1.21			0.30		to	2.70			(9.60	)	to	(11.73	)
12/31/2017		389,324		2.20	to	11.36		1,395,425		1.05			0.30		to	2.70			18.72		to	17.90
Vanguard® Moderate Allocation
12/31/2021		1,237,813		12.49	to	12.00		15,250,760		0.91			0.27		to	2.60			9.78		to	7.25
12/31/2020		280,359		11.38	to	11.19		3,188,739		0.04			0.27		to	2.60			13.46		to	13.24
12/31/2019(1)		-		10.03	to	10.03		-		-			0.27		to	0.47			-		to	-
Vanguard® Money Market
12/31/2021		460,735		10.00	to	9.96		4,608,533		0.01			0.27		to	0.47			(0.25	)	to	(0.45	)
12/31/2020		86,890		10.03	to	10.01		871,107		0.09			0.27		to	0.47			0.25		to	0.05
12/31/2019(1)		-		10.00	to	10.00		-		0.07			0.27		to	0.47			-		to	-
Vanguard® Real Estate Index
12/31/2021		179,084		20.92	to	14.78		2,851,570		1.61			0.27		to	2.50			39.83		to	36.79
12/31/2020		129,054		14.96	to	10.80		1,167,278		2.20			0.27		to	2.50			(5.11	)	to	(7.18	)
12/31/2019		164,384		15.77	to	11.64		724,052		2.47			0.27		to	2.50			28.42		to	25.67
12/31/2018		143,459		1.52	to	9.26		452,464		3.03			0.30		to	2.50			(5.64	)	to	(7.67	)
12/31/2017		149,622		1.61	to	10.03		459,283		2.34			0.30		to	2.50			4.46		to	3.74
Vanguard® Short-Term Investment Grade
12/31/2021		861,637		11.55	to	10.02		7,632,207		1.80			0.27		to	2.70			(0.72	)	to	(3.07	)
12/31/2020		797,099		11.63	to	10.33		5,948,894		2.36			0.27		to	2.70			5.21		to	2.72
12/31/2019		834,530		11.06	to	10.06		4,238,215		2.42			0.27		to	2.70			5.38		to	2.92
12/31/2018		828,787		1.36	to	9.77		3,028,267		1.75			0.30		to	2.70			0.74		to	(1.63	)
12/31/2017		878,234		1.35	to	9.94		2,959,813		1.95			0.30		to	2.70			1.79		to	1.08
Vanguard® Total Bond Market Index
12/31/2021		1,159,191		11.91	to	10.39		11,292,522		1.64			0.27		to	2.70			(1.98	)	to	(4.30	)
12/31/2020		715,748		12.15	to	10.86		6,709,297		1.96			0.27		to	2.70			7.29		to	4.75
12/31/2019		550,251		11.32	to	10.36		3,671,401		2.17			0.27		to	2.70			8.35		to	5.82
12/31/2018		359,496		1.48	to	9.79		2,198,323		2.35			0.30		to	2.70			(0.43	)	to	(2.77	)
12/31/2017		402,636		1.49	to	10.07		2,099,639		2.30			0.30		to	2.70			3.17		to	2.45

80

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

	At December 31								For the Year Ended December 31
			Unit Fair Value									Expense						Total Return***
			Corresponding to						Investment			Ratio**						Corresponding to
			Lowest to Highest				Net		Income			Lowest to						Lowest to Highest
Subaccount	Units		Expense Ratio				Assets		Ratio*			Highest						Expense Ratio
Vanguard® Total International Stock Market Index
12/31/2021		240,815		$12.08	to	$12.03		$       2,908,503		1.25	%		0.27	%	to	0.47	%		8.24	%	to	8.02	%
12/31/2020		41,446		11.16	to	11.14		462,542		-			0.27		to	0.47			10.88		to	10.66
12/31/2019(1)		-		10.07	to	10.06		-		-			0.27		to	0.47			-		to	-
Vanguard® Total Stock Market Index
12/31/2021		647,860		15.11	to	15.04		9,784,565		0.39			0.27		to	0.47			25.30		to	25.05
12/31/2020		85,924		12.06	to	12.03		1,035,709		0.05			0.27		to	0.47			20.23		to	19.99
12/31/2019(1)		-		10.03	to	10.03		-		-			0.27		to	0.47			-		to	-
Voya Global Perspectives Class S Shares
12/31/2021		2,380		13.94	to	13.17		33,169		3.35			1.29		to	2.14			4.48		to	3.60
12/31/2020		2,103		13.34	to	12.71		28,058		3.01			1.29		to	2.14			14.31		to	13.34
12/31/2019		1,913		11.67	to	11.22		22,324		3.33			1.29		to	2.14			16.56		to	15.58
12/31/2018		1,919		10.01	to	9.70		19,217		2.65			1.29		to	2.14			(8.66	)	to	(9.44	)
12/31/2017		1,791		10.96	to	10.72		19,638		2.66			1.29		to	2.14			13.25		to	12.29
Voya Large Cap Value Class S Shares
12/31/2021		89		17.02	to	16.08		1,518		2.27			1.29		to	2.14			25.05		to	23.99
12/31/2020		97		13.61	to	12.97		1,319		2.20			1.29		to	2.14			4.61		to	3.73
12/31/2019		93		13.01	to	12.50		1,216		1.92			1.29		to	2.14			23.18		to	22.14
12/31/2018		95		10.56	to	10.24		1,008		1.83			1.29		to	2.14			(9.19	)	to	(9.96	)
12/31/2017		94		11.63	to	11.37		1,094		2.26			1.29		to	2.14			11.78		to	10.84
Voya Strategic Allocation Conservative Class S Shares
12/31/2021		-		13.59	to	12.84		-		-			1.29		to	2.14			7.51		to	6.60
12/31/2020		-		12.64	to	12.05		-		-			1.29		to	2.14			8.78		to	7.86
12/31/2019		-		11.62	to	11.17		-		-			1.29		to	2.14			13.01		to	12.05
12/31/2018		-		10.28	to	9.97		-		-			1.29		to	2.14			(5.49	)	to	(6.29	)
12/31/2017		-		10.88	to	10.64		-		-			1.29		to	2.14			8.77		to	7.86
Voya Strategic Allocation Moderate Class S Shares
12/31/2021		-		15.21	to	14.37		-		-			1.29		to	2.14			12.10		to	11.15
12/31/2020		-		13.57	to	12.93		-		-			1.29		to	2.14			11.02		to	10.08
12/31/2019		-		12.22	to	11.75		-		-			1.29		to	2.14			17.42		to	16.42
12/31/2018		-		10.41	to	10.09		-		-			1.29		to	2.14			(7.52	)	to	(8.31	)
12/31/2017		-		11.26	to	11.01		-		-			1.29		to	2.14			12.83		to	11.88
Wanger International
12/31/2021		32,978		2.41	to	16.92		287,903		0.56			0.30		to	2.50			18.45		to	15.91
12/31/2020		40,908		2.03	to	14.59		257,894		2.38			0.30		to	2.50			14.02		to	11.57
12/31/2019		58,273		1.78	to	13.08		369,851		0.84			0.30		to	2.50			29.60		to	26.82
12/31/2018		70,863		1.37	to	10.31		262,615		2.05			0.30		to	2.50			(17.95	)	to	(19.72	)
12/31/2017		108,448		1.67	to	12.85		370,644		1.23			0.30		to	2.50			32.52		to	31.86
Wanger USA
12/31/2021		-		3.82	to	18.15		-		-			0.30		to	2.50			8.57		to	6.24
12/31/2020		-		3.51	to	17.08		-		-			0.30		to	2.50			23.86		to	21.20
12/31/2019		-		2.84	to	14.09		-		-			0.30		to	2.50			30.71		to	27.91
12/31/2018		-		2.17	to	11.02		-		-			0.30		to	2.50			(1.76	)	to	(3.88	)
12/31/2017		-		2.21	to	11.46		-		-			0.30		to	2.50			19.22		to	18.63

⁽¹⁾  See Footnote 1

* These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest.

81

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

5. Financial Highlights (continued)

** These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, 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 Mutual Fund have been excluded.

*** These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return.

82

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

6. Administrative and Mortality and Expense Risk Charges

TLIC deducts a daily administrative charge equal to an annual rate of 0.15% of the daily net assets value of each subaccount for administrative expenses. TLIC also deducts an annual charge during the accumulation phase, not to exceed $50, proportionately from the subaccounts’ unit values. An annual charge ranging from 0.05% to 2.65% is deducted (based on the death benefit selected) from the unit values of the subaccounts of the Separate Account for TLIC’s assumption of certain mortality and expense risks incurred in connection with the contract. The charge is assessed daily based on the net asset value of the Mutual Fund. Charges for administrative and mortality and expense risk are an expense of the subaccount. Charges reflected above are those currently assessed and may be subject to change. Contract owners should see their actual policy and any related attachments to determine their specific charges.

In addition to M&E, the following subaccounts are assessed a daily charge for fund facilitation fees that is based on their actual policy:

Subaccount	Additional Fund Facilitation Fee Assessed
AB Balanced Wealth Strategy Class B Shares	0.20%
AB Growth and Income Class B Shares	0.20%
American Funds - Asset Allocation Class 2 Shares	0.30% - 0.40%
American Funds - Asset Allocation Class 4 Shares	0.20%
American Funds - Growth Class 2 Shares	0.30% - 0.40%
American Funds - Growth Class 4 Shares	0.13%
American Funds - Growth-Income Class 2 Shares	0.30% - 0.40%
American Funds - Growth-Income Class 4 Shares	0.13%
American Funds - International Class 2 Shares	0.30% - 0.40%
American Funds - International Class 4 Shares	0.13%
American Funds - New World Class 4 Shares	0.15%
American Funds - The Bond Fund of America Class 2 Shares	0.30% - 0.40%
American Funds - The Bond Fund of America Class 4 Shares	0.11%
DFA VA Global Bond	0.60%
Fidelity® VIP Balanced Service Class 2	0.20%
Fidelity® VIP Consumer Staples Initial Class	0.50%
Fidelity® VIP Contrafund® Initial Class	0.20%
Fidelity® VIP Contrafund® Service Class 2	0.20%
Fidelity® VIP Energy Service Class 2	0.30%
Fidelity® VIP Equity-Income Initial Class	0.20%
Fidelity® VIP Growth Initial Class	0.20%
Fidelity® VIP Health Care Service Class 2	0.30%
Fidelity® VIP Mid Cap Initial Class	0.20%
Fidelity® VIP Mid Cap Service Class 2	0.20%
Fidelity® VIP Technology Initial Class	0.50%
Fidelity® VIP Utilities Initial Class	0.50%
Fidelity® VIP Value Strategies Initial Class	0.20%
Fidelity® VIP Value Strategies Service Class 2	0.20%
Franklin Allocation Class 4 Shares	0.15%
State Street Total Return V.I.S. Class 3 Shares	0.20%
TA MSCI EAFE Index Service Class	0.15%
TA S&P 500 Index Service Class	0.15%
Vanguard® Balanced	0.60%
Vanguard® Conservative Allocation	0.60%
Vanguard® Equity Index	0.20% - 0.60%
Vanguard® International	0.20% - 0.60%

83

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

6. Administrative and Mortality and Expense Risk Charges (continued)

In addition to M&E, the following subaccounts are assessed a daily charge for fund facilitation fees that is based on their actual policy (continued):

Subaccount	Additional Fund Facilitation Fee Assessed
Vanguard® Mid-Cap Index	0.20% - 0.60%
Vanguard® Moderate Allocation	0.60%
Vanguard® Real Estate Index	0.20% - 0.60%
Vanguard® Short-Term Investment Grade	0.20% - 0.60%
Vanguard® Total Bond Market Index	0.20% - 0.60%
Voya Global Perspectives Class S Shares	0.14%
Voya Large Cap Value Class S Shares	0.14%
Voya Strategic Allocation Conservative Class S Shares	0.14%
Voya Strategic Allocation Moderate Class S Shares	0.14%
Wanger International	0.30%
Wanger USA	0.30%

84

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2021

7. Income Tax

Operations of the Separate Account form a part of TLIC, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code of 1986, as amended (the Code). The operations of the Separate Account are accounted for separately from other operations of TLIC for purposes of federal income taxation. The Separate Account is not separately taxable as a regulated investment company under Subchapter M of the Code and is not otherwise taxable as an entity separate from TLIC. Under existing federal income tax laws, the income of the Separate Account is not taxable to TLIC, as long as earnings are credited under the variable annuity contracts.

8. Subsequent Events

The Separate Account has evaluated the financial statements for subsequent events through the date which the financial statements were issued. During this period, there were no subsequent events requiring recognition in the financial statements.

9. Related Parties

Transamerica Capital, Inc. (TCI), a wholesaling broker-dealer, is an affiliated entity of TLIC and an indirect wholly owned subsidiary of Aegon N.V. TCI distributes TLIC’s products through broker-dealers and other financial intermediaries.

The subaccounts invest in the mutual funds listed in Footnote 1. These investments include funds managed by Transamerica Asset Management, Inc. (TAM). Transamerica Fund Services, Inc. (TFS) serves as a transfer agent to TAM, and Aegon USA Asset Management Holding, LLC (AAM) serves as a sub-advisor for certain funds managed by TAM. TAM, TFS and AAM are affiliated entities of TLIC and indirect wholly owned subsidiaries of Aegon N.V. Funds managed by TAM are identified by their fund name, which includes reference to Aegon, Transamerica or both. The Separate Account pays management fees to the related funds as detailed in the fund prospectus.

No charges other than those disclosed in Footnote 6 are deducted for the service rendered by related parties.

Contract owners may transfer funds between available subaccount options within the Separate Account. These transfers are performed at unit value at the time of the transfer.

85