FINANCIAL STATEMENTS

Transamerica Life Insurance Company

Separate Account VA B

Years Ended December 31, 2024 and 2023

Transamerica Life Insurance Company

Separate Account VA B

Financial Statements

Years Ended December 31, 2024 and 2023

Contents

Report of Independent Registered Public Accounting Firm	1
Financial Statements
Statements of Assets and Liabilities	11
Statements of Operations and Changes in Net Assets	20
Notes to Financial Statements	57

      Ernst & Young LLP 155 North Wacker Drive Chicago, IL 60606-1787 Tel: +1 312 879 2000 Fax: +1 312 879 4000 ey.com

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Transamerica Life Insurance Company and

Contract Owners of Separate Account VA B

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the subaccounts listed in the table below that comprise Separate Account VA B (the Separate Account), as of December 31, 2024, the related statements of operations and changes in net assets for each of the periods indicated in the table below, and 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 subaccount as of December 31, 2024, the results of its operations and changes in its net assets for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

Subaccounts
AB Balanced Hedged Allocation Class B Shares (1)	TA BlackRock iShares Edge 40 Service Class (1)
AB Large Cap Growth Class B Shares (1)	TA BlackRock iShares Edge 50 Service Class (1)
AB Relative Value Class B Shares (1)	TA BlackRock iShares Edge 75 Service Class (1)
American Funds - Asset Allocation Class 2 Shares (1)	TA BlackRock iShares Tactical - Balanced Service Class (1)
American Funds - Asset Allocation Class 4 Shares (1)	TA BlackRock iShares Tactical - Conservative Service Class (1)
American Funds - Growth Class 2 Shares (1)	TA BlackRock iShares Tactical - Growth Service Class (1)
American Funds - Growth Class 4 Shares (1)	TA BlackRock Real Estate Securities Initial Class (1)
American Funds - Growth-Income Class 2 Shares (1)	TA BlackRock Real Estate Securities Service Class (1)

1

      Ernst & Young LLP 155 North Wacker Drive Chicago, IL 60606-1787 Tel: +1 312 879 2000 Fax: +1 312 879 4000 ey.com

 

American Funds - Growth-Income Class 4 Shares (1)	TA BlackRock Tactical Allocation Service Class (1)
American Funds - International Class 2 Shares (1)	TA Goldman Sachs 70/30 Service Class (1)
American Funds - International Class 4 Shares (1)	TA Goldman Sachs Managed Risk - Balanced ETF Service Class (1)
American Funds - New World Class 4 Shares (1)	TA Goldman Sachs Managed Risk - Conservative ETF Service Class (1)
American Funds - The Bond Fund of America Class 2 Shares (1)	TA Goldman Sachs Managed Risk - Growth ETF Service Class (1)
American Funds - The Bond Fund of America Class 4 Shares (1)	TA Great Lakes Advisors Large Cap Value Service Class (1)
BlackRock Basic Value V.I. Class I Shares (1)	TA International Focus Initial Class (1)
BlackRock Global Allocation V.I. Class I Shares (1)	TA International Focus Service Class (1)
BlackRock High Yield V.I. Class I Shares (1)	TA Janus Balanced Service Class (1)
Dimensional VA Equity Allocation (1)	TA Janus Mid-Cap Growth Initial Class (1)
Dimensional VA Global Bond (1)	TA Janus Mid-Cap Growth Service Class (1)
Dimensional VA Global Moderate Allocation (1)	TA JPMorgan Asset Allocation - Conservative Initial Class (1)
Dimensional VA International Small (1)	TA JPMorgan Asset Allocation - Conservative Service Class (1)
Dimensional VA International Value (1)	TA JPMorgan Asset Allocation - Growth Initial Class (1)
Dimensional VA Short-Term Fixed (1)	TA JPMorgan Asset Allocation - Growth Service Class (1)
Dimensional VA U.S. Large Value (1)	TA JPMorgan Asset Allocation - Moderate Initial Class (1)
Dimensional VA U.S. Targeted Value (1)	TA JPMorgan Asset Allocation - Moderate Service Class (1)
Fidelity® VIP Balanced Service Class 2 (1)	TA JPMorgan Asset Allocation - Moderate Growth Initial Class (1)

2

      Ernst & Young LLP 155 North Wacker Drive Chicago, IL 60606-1787 Tel: +1 312 879 2000 Fax: +1 312 879 4000 ey.com

 

Fidelity® VIP Consumer Staples Initial Class (1)	TA JPMorgan Asset Allocation - Moderate Growth Service Class (1)
Fidelity® VIP Contrafund® Initial Class (1)	TA JPMorgan Enhanced Index Initial Class (1)
Fidelity® VIP Contrafund® Service Class 2 (1)	TA JPMorgan Enhanced Index Service Class (1)
Fidelity® VIP Energy Service Class 2 (1)	TA JPMorgan International Moderate Growth Initial Class (1)
Fidelity® VIP Equity-Income Initial Class (1)	TA JPMorgan International Moderate Growth Service Class (1)
Fidelity® VIP Equity-Income Service Class 2 (1)	TA JPMorgan Tactical Allocation Service Class (1)
Fidelity® VIP Growth Initial Class (1)	TA Madison Diversified Income Service Class (1)
Fidelity® VIP Growth Service Class 2 (1)	TA Market Participation Strategy Service Class (1)
Fidelity® VIP Growth Opportunities Service Class 2 (1)	TA Morgan Stanley Global Allocation Service Class (1)
Fidelity® VIP Health Care Service Class 2 (1)	TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class (1)
Fidelity® VIP Mid Cap Initial Class (1)	TA MSCI EAFE Index Service Class (1)
Fidelity® VIP Mid Cap Service Class 2 (1)	TA Multi-Managed Balanced Initial Class (1)
Fidelity® VIP Technology Initial Class (1)	TA Multi-Managed Balanced Service Class (1)
Fidelity® VIP Utilities Initial Class (1)	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 S&P 500 Index Initial 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)

3

      Ernst & Young LLP 155 North Wacker Drive Chicago, IL 60606-1787 Tel: +1 312 879 2000 Fax: +1 312 879 4000 ey.com

 

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 TSW International Equity Initial Class (1)
Janus Henderson - Global Research Service Shares (1)	TA TSW International Equity Service Class (1)
Janus Henderson - Mid Cap Value Service Shares (1)	TA TSW Mid Cap Value Opportunities Service Class (1)
MFS® New Discovery Service Class (1)	TA WMC US Growth Initial Class (1)
MFS® Total Return Service Class (1)	TA WMC US Growth Service Class (1)
NVIT Emerging Markets Class D Shares (1)	Vanguard® Balanced (1)
State Street Total Return V.I.S. Class 3 Shares (1)	Vanguard® Capital Growth (1)
TA 60/40 Allocation Service Class (1)	Vanguard® Conservative Allocation (1)
TA Aegon Bond Initial Class (1)	Vanguard® Diversified Value (1)
TA Aegon Bond Service Class (1)	Vanguard® Equity Income (1)
TA Aegon Core Bond Service Class (1)	Vanguard® Equity Index (1)
TA Aegon High Yield Bond Initial Class (1)	Vanguard® Global Bond Index (1)
TA Aegon High Yield Bond Service Class (1)	Vanguard® Growth (1)
TA Aegon Sustainable Equity Income Initial Class (1)	Vanguard® High Yield Bond (1)
TA Aegon Sustainable Equity Income Service Class (1)	Vanguard® International (1)
TA Aegon U.S. Government Securities Initial Class (1)	Vanguard® Mid-Cap Index (1)
TA Aegon U.S. Government Securities Service Class (1)	Vanguard® Moderate Allocation (1)
TA American Funds Managed Risk - Balanced Service Class (1)	Vanguard® Money Market (1)

4

      Ernst & Young LLP 155 North Wacker Drive Chicago, IL 60606-1787 Tel: +1 312 879 2000 Fax: +1 312 879 4000 ey.com

 

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)	Wanger Acorn (1)
TA BlackRock iShares Edge 40 Initial Class (1)	Wanger International (1)
(1) Statements of operations and changes in net assets for the year ended December 31, 2024

Basis for Opinion

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2024, by correspondence with the fund companies or their transfer agents, as applicable. Our audits also included evaluating the accounting principles used and significant

5

      Ernst & Young LLP 155 North Wacker Drive Chicago, IL 60606-1787 Tel: +1 312 879 2000 Fax: +1 312 879 4000 ey.com

estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Ernst & Young LLP

We have served as the auditor of the Separate Account since 2024.

Chicago, IL

April 18, 2025

6

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, 2023, 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, 2023, 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 Hedged Allocation Class B Shares (1)	TA BlackRock iShares Edge 50 Service Class (1)
AB Large Cap Growth Class B Shares (1)	TA BlackRock iShares Edge 75 Service Class (1)
AB Relative Value Class B Shares (1)	TA BlackRock Real Estate Securities Initial Class (1)
American Funds - Asset Allocation Class 2 Shares (1)	TA BlackRock Real Estate Securities Service Class (1)
American Funds - Asset Allocation Class 4 Shares (1)	TA BlackRock Tactical Allocation Service Class (1)
American Funds - Growth Class 2 Shares (1)	TA Goldman Sachs 70/30 Service Class (1)
American Funds - Growth Class 4 Shares (1)	TA Goldman Sachs Managed Risk - Balanced ETF Service Class (1)
American Funds - Growth-Income Class 2 Shares (1)	TA Goldman Sachs Managed Risk - Conservative ETF Service Class (1)
American Funds - Growth-Income Class 4 Shares (1)	TA Goldman Sachs Managed Risk - Growth ETF Service Class (1)
American Funds - International Class 2 Shares (1)	TA Great Lakes Advisors Large Cap Value Service Class (1)
American Funds - International Class 4 Shares (1)	TA International Focus Initial Class (1)
American Funds - New World Class 4 Shares (1)	TA International Focus Service Class (1)
American Funds - The Bond Fund of America Class 2 Shares (1)	TA Janus Balanced Service Class (1)
American Funds - The Bond Fund of America Class 4 Shares (1)	TA Janus Mid-Cap Growth Initial Class (1)
BlackRock Basic Value V.I. Class I Shares (1)	TA Janus Mid-Cap Growth Service Class (1)
BlackRock Global Allocation V.I. Class I Shares (1)	TA JPMorgan Asset Allocation - Conservative Initial Class (1)
BlackRock High Yield V.I. Class I Shares (1)	TA JPMorgan Asset Allocation - Conservative Service Class (1)
DFA VA Equity Allocation (1)	TA JPMorgan Asset Allocation - Growth Initial Class (1)
DFA VA Global Bond (1)	TA JPMorgan Asset Allocation - Growth Service Class (1)

7

DFA VA Global Moderate Allocation (1)	TA JPMorgan Asset Allocation - Moderate Initial Class (1)
DFA VA International Small (1)	TA JPMorgan Asset Allocation - Moderate Service Class (1)
DFA VA International Value (1)	TA JPMorgan Asset Allocation - Moderate Growth Initial Class (1)
DFA VA Short-Term Fixed (1)	TA JPMorgan Asset Allocation - Moderate Growth Service Class (1)
DFA VA U.S. Large Value (1)	TA JPMorgan Enhanced Index Initial Class (1)
DFA VA U.S. Targeted Value (1)	TA JPMorgan Enhanced Index Service Class (1)
Fidelity® VIP Balanced Service Class 2 (1)	TA JPMorgan International Moderate Growth Initial Class (1)
Fidelity® VIP Consumer Staples Initial Class (1)	TA JPMorgan International Moderate Growth Service Class (1)
Fidelity® VIP Contrafund® Initial Class (1)	TA JPMorgan Mid Cap Value Service Class (1)
Fidelity® VIP Contrafund® Service Class 2 (1)	TA JPMorgan Tactical Allocation Service Class (1)
Fidelity® VIP Energy Service Class 2 (1)	TA Madison Diversified Income Service Class (1)
Fidelity® VIP Equity-Income Initial Class (1)	TA Market Participation Strategy Service Class (1)
Fidelity® VIP Equity-Income Service Class 2 (1)	TA Morgan Stanley Global Allocation Service Class (1)
Fidelity® VIP Growth Initial Class (1)	TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class (1)
Fidelity® VIP Growth Service Class 2 (1)	TA MSCI EAFE Index Service Class (1)
Fidelity® VIP Growth Opportunities Service Class 2 (1)	TA Multi-Managed Balanced Initial Class (1)
Fidelity® VIP Health Care Service Class 2 (1)	TA Multi-Managed Balanced Service Class (1)
Fidelity® VIP Mid Cap Initial Class (1)	TA PIMCO Tactical - Balanced Service Class (1)
Fidelity® VIP Mid Cap Service Class 2 (1)	TA PIMCO Tactical - Conservative Service Class (1)
Fidelity® VIP Technology Initial Class (1)	TA PIMCO Tactical - Growth Service Class (1)
Fidelity® VIP Utilities Initial Class (1)	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 S&P 500 Index Initial Class (2)
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)

8

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 Bond Initial Class (1)	Vanguard® Equity Income (1)
TA Aegon Bond Service Class (1)	Vanguard® Equity Index (1)
TA Aegon Core Bond Service Class (1)	Vanguard® Global Bond Index (1)
TA Aegon High Yield Bond Initial Class (1)	Vanguard® Growth (1)
TA Aegon High Yield Bond Service Class (1)	Vanguard® High Yield Bond (1)
TA Aegon Sustainable Equity Income Initial Class (1)	Vanguard® International (1)
TA Aegon Sustainable Equity Income Service Class (1)	Vanguard® Mid-Cap Index (1)
TA Aegon U.S. Government Securities Initial Class (1)	Vanguard® Moderate Allocation (1)
TA Aegon U.S. Government Securities Service Class (1)	Vanguard® Money Market (1)
TA American Funds Managed Risk - Balanced Service Class (1)	Vanguard® Real Estate Index (1)
TA BlackRock Government Money Market Initial Class (1)	Vanguard® Short-Term Investment Grade (1)
TA BlackRock Government Money Market Service Class (1)	Vanguard® Total Bond Market Index (1)
TA BlackRock iShares Active Asset Allocation - Conservative Service Class (1)	Vanguard® Total International Stock Market Index (1)
TA BlackRock iShares Active Asset Allocation - Moderate Service Class (1)	Vanguard® Total Stock Market Index (1)
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class (1)	Voya Global Perspectives Class S Shares (1)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class (1)	Voya Large Cap Value Class S Shares (1)
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class (1)	Voya Strategic Allocation Conservative Class S Shares (1)
TA BlackRock iShares Edge 100 Service Class (1)	Voya Strategic Allocation Moderate Class S Shares (1)
TA BlackRock iShares Edge 40 Initial Class (1)	Wanger Acorn (1)
TA BlackRock iShares Edge 40 Service Class (1)	Wanger International (1)

	(1)	Statements of operations and changes in net assets for the years ended December 31, 2023 and 2022
	(2)	Statements of operations and changes in net assets for the year ended December 31, 2023 and the period May 2, 2022 (commencement of operations) through December 31, 2022

9

Basis for Opinions

These financial statements are the responsibility of the Transamerica Life Insurance Company 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, 2023 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 19, 2024

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

10

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
AB Balanced Hedged Allocation Class B Shares		6,941,977.543	$	67,245,702	$	62,547,218	$	79	$	62,547,297		15,105,269	$	1.749164	$	18.224750
AB Large Cap Growth Class B Shares		348,952.116		20,642,675		27,818,463		(168)		27,818,295		5,301,493		4.671545		33.710392
AB Relative Value Class B Shares		8,180,449.508		235,822,619		252,530,476		(62)		252,530,414		41,060,539		2.293599		30.428748
American Funds - Asset Allocation Class 2 Shares		25,072,607.294		591,060,794		643,112,377		(98)		643,112,279		99,785,247		2.558532		24.598933
American Funds - Asset Allocation Class 4 Shares		2,781,443.167		67,032,593		70,676,471		(30)		70,676,441		4,815,607		14.153154		15.393867
American Funds - Growth Class 2 Shares		8,017,328.315		739,804,126		1,008,499,729		(209)		1,008,499,520		34,291,225		5.457114		55.812403
American Funds - Growth Class 4 Shares		2,920,092.900		290,684,933		357,360,969		(76)		357,360,893		16,292,571		21.161152		23.015719
American Funds - Growth-Income Class 2 Shares		9,503,180.688		492,435,385		649,827,495		343		649,827,838		31,429,642		4.041804		39.128351
American Funds - Growth-Income Class 4 Shares		2,487,056.010		144,446,750		166,980,941		17		166,980,958		8,789,306		18.307638		19.912282
American Funds - International Class 2 Shares		10,323,807.766		196,231,246		183,247,588		(226)		183,247,362		27,490,771		1.271996		15.223313
American Funds - International Class 4 Shares		1,980,261.108		36,757,190		34,575,359		(13)		34,575,346		2,838,212		11.741468		12.771178
American Funds - New World Class 4 Shares		749,716.617		19,520,304		19,567,604		(1)		19,567,603		1,444,346		13.053637		14.198201
American Funds - The Bond Fund of America Class 2 Shares		21,421,082.756		228,559,652		195,360,275		77		195,360,352		49,004,751		0.956217		11.164013
American Funds - The Bond Fund of America Class 4 Shares		3,866,294.730		36,703,320		35,067,293		(3)		35,067,290		3,877,079		8.718560		9.483312
BlackRock Basic Value V.I. Class I Shares		1,392,508.814		18,475,923		18,032,989		(86)		18,032,903		3,935,129		3.239089		15.190939
BlackRock Global Allocation V.I. Class I Shares		468,867.752		7,964,274		7,726,941		(15)		7,726,926		2,824,571		2.354567		13.465520
BlackRock High Yield V.I. Class I Shares		369,875.900		2,660,061		2,555,842		14,158		2,570,000		822,784		2.481139		12.161162
Dimensional VA Equity Allocation		133,616.077		1,794,954		2,119,151		(2)		2,119,149		128,815		16.331786		16.496847
Dimensional VA Global Bond		332,431.808		3,314,674		3,237,886		(3)		3,237,883		329,428		9.214372		10.280890
Dimensional VA Global Moderate Allocation		89,453.135		1,345,262		1,462,559		(1)		1,462,558		101,673		14.243227		14.387206
Dimensional VA International Small		85,310.224		1,026,528		988,745		-		988,745		80,831		12.118236		12.240750
Dimensional VA International Value		121,207.995		1,639,204		1,654,489		-		1,654,489		118,829		13.792829		13.932228
Dimensional VA Short-Term Fixed		266,033.416		2,726,269		2,678,956		1		2,678,957		247,352		10.733613		10.842224
Dimensional VA U.S. Large Value		82,487.004		2,742,583		2,684,952		-		2,684,952		181,441		14.681229		14.829645
Dimensional VA U.S. Targeted Value		77,599.130		1,751,919		1,751,412		1		1,751,413		98,484		17.626919		17.805046
Fidelity® VIP Balanced Service Class 2		20,608,865.950		417,465,662		488,224,034		(108)		488,223,926		72,222,769		2.550347		28.694375
Fidelity® VIP Consumer Staples Initial Class		325,959.253		6,379,437		6,362,725		2		6,362,727		449,369		13.585661		14.776508
Fidelity® VIP Contrafund® Initial Class		1,864.798		83,320		108,046		48		108,094		12,541		4.776211		44.928096
Fidelity® VIP Contrafund® Service Class 2		17,983,068.055		781,699,344		998,060,277		9		998,060,286		76,807,430		3.796530		44.083123
Fidelity® VIP Energy Service Class 2		893,937.884		22,779,684		22,375,265		(1)		22,375,264		827,350		26.097957		28.384099
Fidelity® VIP Equity-Income Initial Class		2,212.243		49,397		58,824		(4)		58,820		18,491		2.848185		18.704191
Fidelity® VIP Equity-Income Service Class 2		1,197,449.991		26,381,089		30,534,975		(3)		30,534,972		9,039,595		2.177131		18.717716

See accompanying notes. 11

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
Fidelity® VIP Growth Initial Class		391.617	$	30,758	$	37,963	$	56	$	38,019		5,806	$	6.322303	$	39.952756
Fidelity® VIP Growth Service Class 2		445,693.844		36,964,936		41,333,647		99		41,333,746		7,228,451		4.834282		37.766648
Fidelity® VIP Growth Opportunities Service Class 2		40,997.515		1,975,626		3,294,150		92		3,294,242		433,095		5.665072		44.248317
Fidelity® VIP Health Care Service Class 2		608,483.656		20,928,370		21,668,103		-		21,668,103		1,812,699		11.502718		12.511499
Fidelity® VIP Mid Cap Initial Class		1,873.696		67,559		70,376		-		70,376		7,526		2.934578		29.740706
Fidelity® VIP Mid Cap Service Class 2		10,578,924.840		365,060,031		375,340,253		(520)		375,339,733		39,115,304		2.638174		29.174452
Fidelity® VIP Technology Initial Class		2,406,502.230		81,323,756		100,567,728		29		100,567,757		3,824,445		25.376687		27.600250
Fidelity® VIP Utilities Initial Class		404,379.534		8,771,741		9,773,853		3		9,773,856		574,775		16.367867		17.802782
Fidelity® VIP Value Strategies Initial Class		28,432.967		438,110		440,995		(3)		440,992		44,617		3.234987		29.503731
Fidelity® VIP Value Strategies Service Class 2		15,324,360.554		239,919,650		241,052,192		103		241,052,295		29,942,057		0.669706		28.947691
Franklin Allocation Class 4 Shares		7,799,283.462		41,871,265		42,506,095		(240)		42,505,855		16,287,599		1.805573		14.013335
Franklin Income Class 2 Shares		2,191,097.087		32,162,304		31,464,154		(37)		31,464,117		16,601,541		1.567076		14.257493
Franklin Mutual Shares Class 2 Shares		515,151.134		8,562,308		8,443,327		74		8,443,401		4,548,110		1.571193		14.340596
Franklin Templeton Foreign Class 2 Shares		783,331.328		10,796,556		10,778,639		300		10,778,939		9,975,714		0.934270		11.428542
Invesco V.I. American Franchise Series II Shares		90,205.675		4,945,242		6,458,726		147		6,458,873		1,447,225		3.946531		30.611258
Janus Henderson - Enterprise Service Shares		208,195.133		14,007,025		15,556,340		(271)		15,556,069		3,581,085		2.864952		24.052202
Janus Henderson - Global Research Service Shares		289,646.458		13,467,992		20,266,563		(56)		20,266,507		8,024,909		1.909691		24.015695
Janus Henderson - Mid Cap Value Service Shares		157,806.895		2,444,671		2,790,026		(26)		2,790,000		760,008		2.308033		15.910754
MFS® New Discovery Service Class		2,195,413.979		30,828,712		23,600,700		146		23,600,846		5,843,402		2.468185		19.748948
MFS® Total Return Service Class		1,136,711.551		26,081,000		25,735,150		70		25,735,220		9,976,823		1.809503		15.208557
NVIT Emerging Markets Class D Shares		270.781		2,771		2,924		-		2,924		255		9.906462		11.788930
State Street Total Return V.I.S. Class 3 Shares		2,425,813.656		36,884,121		38,012,500		(1)		38,012,499		10,812,910		1.617623		17.880037
TA 60/40 Allocation Service Class		4,877,356.090		59,373,992		67,844,023		44		67,844,067		8,670,529		1.452882		16.361108
TA Aegon Bond Initial Class		11,122,830.644		122,731,515		105,444,435		182		105,444,617		69,704,767		1.020019		10.119150
TA Aegon Bond Service Class		42,363,664.356		471,752,708		397,794,808		(332)		397,794,476		152,375,845		0.998148		10.912343
TA Aegon Core Bond Service Class		18,631,840.667		251,301,395		213,707,212		(18)		213,707,194		42,423,923		0.939578		11.133938
TA Aegon High Yield Bond Initial Class		6,600,125.292		47,765,070		46,068,875		4		46,068,879		17,223,651		1.457461		15.656923
TA Aegon High Yield Bond Service Class		15,168,906.806		111,499,024		108,305,995		(15)		108,305,980		16,442,169		1.635185		15.252237
TA Aegon Sustainable Equity Income Initial Class		8,920,068.963		172,810,129		186,607,843		174		186,608,017		57,778,153		1.545414		22.026326
TA Aegon Sustainable Equity Income Service Class		5,087,364.577		93,054,228		106,682,035		169		106,682,204		18,974,873		1.625514		21.437961
TA Aegon U.S. Government Securities Initial Class		5,094,588.776		50,726,359		44,934,273		113		44,934,386		32,249,758		0.887212		9.642635
TA Aegon U.S. Government Securities Service Class		15,499,227.795		155,012,024		142,437,903		(206)		142,437,697		45,533,108		0.898966		10.116893

See accompanying notes. 12

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
TA American Funds Managed Risk - Balanced Service Class		67,483,004.314	$	755,607,346	$	804,397,411	$	(940)	$	804,396,471		53,133,659	$	13.253208	$	16.767254
TA BlackRock Government Money Market Initial Class		105,098,150.193		105,098,147		105,098,150		(513)		105,097,637		98,556,242		0.787249		10.530820
TA BlackRock Government Money Market Service Class		485,239,928.681		485,239,924		485,239,929		(9,992)		485,229,937		141,166,269		0.770134		11.070867
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		19,734,225.540		198,084,093		184,120,324		(81)		184,120,243		57,912,716		1.111921		13.937355
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		77,862,376.713		832,789,427		820,669,451		162		820,669,613		177,251,352		1.197448		14.550945
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		25,538,642.305		271,842,772		291,140,522		(254)		291,140,268		81,093,691		1.183094		14.864067
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		55,546,772.290		642,359,506		623,234,785		(157)		623,234,628		100,335,645		1.152231		14.726859
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		22,095,474.851		269,293,527		285,252,580		(284)		285,252,296		46,390,434		1.400860		16.838102
TA BlackRock iShares Edge 100 Service Class		4,617,734.144		64,444,236		68,296,288		17		68,296,305		3,408,478		16.352379		21.765242
TA BlackRock iShares Edge 40 Initial Class		1,582,385.429		14,687,067		13,988,287		190		13,988,477		7,082,352		1.410701		12.818484
TA BlackRock iShares Edge 40 Service Class		19,602,290.258		180,971,971		171,912,086		(130)		171,911,956		55,692,609		1.132090		14.707992
TA BlackRock iShares Edge 50 Service Class		28,465,140.899		360,722,284		375,739,860		105		375,739,965		26,567,256		12.207678		15.362285
TA BlackRock iShares Edge 75 Service Class		8,960,222.587		125,390,630		131,536,068		69		131,536,137		7,882,702		14.211917		18.256485
TA BlackRock iShares Tactical - Balanced Service Class		30,031,773.501		338,084,029		300,918,370		(119)		300,918,251		69,347,535		1.171813		15.781186
TA BlackRock iShares Tactical - Conservative Service Class		14,621,816.062		163,246,158		142,270,270		(426)		142,269,844		30,147,652		1.072113		14.753459
TA BlackRock iShares Tactical - Growth Service Class		19,550,926.292		211,324,240		202,156,578		229		202,156,807		32,832,220		1.291272		18.199083
TA BlackRock Real Estate Securities Initial Class		2,296,591.190		24,479,822		22,139,139		179		22,139,318		7,858,107		1.105185		12.998281
TA BlackRock Real Estate Securities Service Class		5,827,868.989		65,517,878		60,493,280		(162)		60,493,118		13,623,482		1.042184		12.676683
TA BlackRock Tactical Allocation Service Class		50,543,017.525		750,684,862		752,585,531		490		752,586,021		171,852,939		1.550358		18.739024
TA Goldman Sachs 70/30 Service Class		480,371.252		5,935,303		6,273,649		(1)		6,273,648		427,176		14.127373		15.365810
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		290,635,546.593		3,387,151,227		3,487,626,559		(70)		3,487,626,489		597,355,411		1.260592		16.484773
TA Goldman Sachs Managed Risk - Conservative ETF Service Class		32,963,300.125		396,207,480		371,166,759		(662)		371,166,097		104,615,436		1.185728		14.651472
TA Goldman Sachs Managed Risk - Growth ETF Service Class		141,465,834.903		1,428,164,500		1,609,881,201		(345)		1,609,880,856		364,337,317		1.590940		20.002051
TA Great Lakes Advisors Large Cap Value Service Class		4,724,762.098		57,321,536		63,642,545		(16)		63,642,529		6,280,483		1.468617		16.538195
TA International Focus Initial Class		6,607,663.175		55,248,627		53,654,225		(153)		53,654,072		27,360,881		1.478510		16.129391
TA International Focus Service Class		10,231,218.591		84,988,369		80,928,939		(169)		80,928,770		12,151,674		1.257002		15.720788
TA Janus Balanced Service Class		45,160,550.925		733,098,309		792,567,669		(109)		792,567,560		99,246,021		1.997554		24.843130
TA Janus Mid-Cap Growth Initial Class		1,960,651.698		69,001,159		64,485,834		27		64,485,861		19,769,469		2.624942		29.861814

See accompanying notes. 13

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
TA Janus Mid-Cap Growth Service Class		6,288,757.117	$	203,647,795	$	186,713,199	$	95	$	186,713,294		12,728,662	$	2.537022	$	29.086894
TA JPMorgan Asset Allocation - Conservative Initial Class		11,483,688.856		111,897,546		102,549,341		126		102,549,467		52,016,413		1.409049		12.547970
TA JPMorgan Asset Allocation - Conservative Service Class		61,991,687.250		607,246,417		545,526,848		(33)		545,526,815		163,052,356		1.240917		14.573166
TA JPMorgan Asset Allocation - Growth Initial Class		20,518,304.655		233,101,347		239,653,798		148		239,653,946		67,361,747		2.427082		20.529064
TA JPMorgan Asset Allocation - Growth Service Class		20,170,479.541		219,532,608		231,557,105		(123)		231,556,982		32,519,299		1.977988		26.693750
TA JPMorgan Asset Allocation - Moderate Initial Class		22,686,217.849		254,221,416		247,279,775		(44)		247,279,731		106,094,265		1.638698		14.028394
TA JPMorgan Asset Allocation - Moderate Service Class		384,763,526.904		4,300,079,733		4,113,122,103		200		4,113,122,303		762,220,255		1.432763		16.859061
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		32,418,381.428		367,733,660		358,547,299		(80)		358,547,219		128,370,190		1.947189		16.270365
TA JPMorgan Asset Allocation - Moderate Growth Service Class		196,920,745.170		2,202,506,769		2,128,713,255		(189)		2,128,713,066		535,520,369		1.619396		20.279534
TA JPMorgan Enhanced Index Initial Class		5,425,208.669		124,584,296		154,998,212		35		154,998,247		25,602,460		3.935475		43.275729
TA JPMorgan Enhanced Index Service Class		4,916,072.360		115,650,503		139,419,812		37		139,419,849		5,997,092		3.635536		42.180816
TA JPMorgan International Moderate Growth Initial Class		12,332.717		113,007		112,598		1		112,599		68,935		1.633411		13.138777
TA JPMorgan International Moderate Growth Service Class		33,755,239.269		323,079,165		304,809,811		(18)		304,809,793		130,009,345		1.053825		14.595258
TA JPMorgan Tactical Allocation Service Class		60,158,531.699		896,467,077		806,124,325		(167)		806,124,158		142,141,496		1.216956		14.396961
TA Madison Diversified Income Service Class		9,757,076.514		122,576,637		108,108,408		64		108,108,472		22,820,095		1.437188		15.398786
TA Market Participation Strategy Service Class		25,021,895.363		277,605,958		283,247,856		(107)		283,247,749		39,853,535		1.842462		22.131590
TA Morgan Stanley Global Allocation Service Class		53,035,701.192		731,335,926		688,403,401		15		688,403,416		196,913,083		1.509533		17.364091
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class		27,469,829.582		232,578,953		188,168,333		(127)		188,168,206		17,082,652		9.813122		12.226993
TA MSCI EAFE Index Service Class		5,887,354.189		69,463,074		74,533,904		2		74,533,906		5,763,966		11.746327		13.978293
TA Multi-Managed Balanced Initial Class		5,560,383.063		87,453,624		92,302,359		(163)		92,302,196		22,540,752		2.710422		18.698460
TA Multi-Managed Balanced Service Class		60,158,594.955		899,141,662		966,147,035		143		966,147,178		100,284,431		2.086950		25.668446
TA PineBridge Inflation Opportunities Service Class		9,303,632.680		98,423,301		90,617,382		169		90,617,551		37,141,634		0.942117		11.195146
TA ProFunds UltraBear Service Class (OAM)		1,976,890.251		12,208,169		11,208,968		(956,551)		10,252,417		51,083,774		9.272137		9.323504
TA S&P 500 Index Initial Class		530,099.341		12,083,833		12,966,230		3		12,966,233		883,218		1.439916		14.720455
TA S&P 500 Index Service Class		29,809,883.416		545,409,920		723,485,871		113		723,485,984		29,566,724		22.238416		26.462338
TA Small/Mid Cap Value Initial Class		4,271,211.778		81,487,195		84,655,417		53		84,655,470		9,419,247		2.722870		27.769753
TA Small/Mid Cap Value Service Class		9,552,518.666		175,758,009		180,829,178		43		180,829,221		15,781,524		2.631587		27.050836
TA T. Rowe Price Small Cap Initial Class		8,340,566.816		112,279,582		103,423,029		70		103,423,099		22,276,514		3.323109		33.022676
TA T. Rowe Price Small Cap Service Class		32,932,995.099		375,316,115		348,760,418		43		348,760,461		20,222,145		3.215505		32.199688
TA TSW International Equity Initial Class		4,350,501.283		59,486,715		63,169,279		(17)		63,169,262		26,715,316		1.313703		16.265062
TA TSW International Equity Service Class		3,503,039.986		47,795,660		50,338,685		(3)		50,338,682		7,256,967		1.091979		15.846994
TA TSW Mid Cap Value Opportunities Service Class		16,736,831.283		243,608,443		210,716,706		(215)		210,716,491		22,790,847		2.006373		25.914700

See accompanying notes. 14

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/ from General Account		Net Assets		Units Outstanding		Range of Unit Values
TA WMC US Growth Initial Class		17,545,057.756	$	594,414,773	$	737,945,129	$	89	$	737,945,218		140,016,590	$	4.196221	$	52.943614
TA WMC US Growth Service Class		21,941,668.462		680,940,228		868,451,238		170		868,451,408		36,923,683		3.896983		51.570803
Vanguard® Balanced		1,860,825.126		42,981,891		46,092,638		(8)		46,092,630		3,346,843		13.126710		14.645714
Vanguard® Capital Growth		82,218.528		3,595,002		4,188,212		5		4,188,217		242,843		17.101212		17.274104
Vanguard® Conservative Allocation		644,659.559		16,325,179		16,071,363		5		16,071,368		1,408,623		10.796721		12.046373
Vanguard® Diversified Value		185,920.820		2,859,153		3,095,582		(2)		3,095,580		175,782		17.450967		17.627324
Vanguard® Equity Income		175,681.936		4,182,068		4,402,589		1		4,402,590		278,767		15.641919		15.800043
Vanguard® Equity Index		274,004.857		15,125,277		19,766,710		4		19,766,714		571,296		4.793902		42.909583
Vanguard® Global Bond Index		64,446.081		1,257,367		1,186,452		(2)		1,186,450		121,798		9.659543		9.757204
Vanguard® Growth		465,496.409		14,155,882		15,659,299		1		15,659,300		755,795		20.522686		20.730127
Vanguard® High Yield Bond		492,096.714		3,494,352		3,641,516		(3)		3,641,513		312,758		11.527837		11.644380
Vanguard® International		330,777.286		8,750,406		8,467,899		(7)		8,467,892		467,397		2.128456		23.315060
Vanguard® Mid-Cap Index		1,476,647.375		36,032,241		39,633,216		(13)		39,633,203		1,376,980		3.367852		31.373672
Vanguard® Moderate Allocation		991,358.335		29,265,716		30,484,269		(12)		30,484,257		2,408,482		11.898621		13.275591
Vanguard® Money Market		9,955,489.450		9,955,489		9,955,489		(9)		9,955,480		894,791		11.018992		11.130502
Vanguard® Real Estate Index		869,552.904		10,855,043		10,208,551		6		10,208,557		594,780		2.060532		17.897335
Vanguard® Short-Term Investment Grade		1,527,219.959		15,523,198		15,913,632		21		15,913,653		1,457,595		1.176973		12.026366
Vanguard® Total Bond Market Index		1,685,519.843		18,124,333		17,630,538		4		17,630,542		1,682,459		1.127550		10.958177
Vanguard® Total International Stock Market Index		375,401.126		7,781,274		8,026,076		2		8,026,078		657,784		12.092779		12.215041
Vanguard® Total Stock Market Index		418,368.020		20,522,358		23,495,548		4		23,495,552		1,254,270		18.585469		18.773323
Voya Global Perspectives Class S Shares		154.455		1,333		1,348		1		1,349		104		11.986024		13.197883
Voya Large Cap Value Class S Shares		276.450		1,819		1,645		1		1,646		79		19.275973		20.927545
Wanger Acorn		-		-		-		-		-		-		3.212636		26.750645
Wanger International		7,763.880		193,166		143,166		2		143,168		20,766		1.459126		13.621497

See accompanying notes. 15

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Net Assets Representing: Accumulation Units			Net Assets Representing: Contracts in Payout (Annuitization) Period			Total Net Assets
AB Balanced Hedged Allocation Class B Shares	$	62,524,697		$	22,600		$	62,547,297
AB Large Cap Growth Class B Shares		27,619,338			198,957			27,818,295
AB Relative Value Class B Shares		245,935,328			6,595,086			252,530,414
American Funds - Asset Allocation Class 2 Shares		642,922,649			189,630			643,112,279
American Funds - Asset Allocation Class 4 Shares		70,676,441			-			70,676,441
American Funds - Growth Class 2 Shares		1,008,164,726			334,794			1,008,499,520
American Funds - Growth Class 4 Shares		357,360,893			-			357,360,893
American Funds - Growth-Income Class 2 Shares		649,695,804			132,034			649,827,838
American Funds - Growth-Income Class 4 Shares		166,980,958			-			166,980,958
American Funds - International Class 2 Shares		183,234,366			12,996			183,247,362
American Funds - International Class 4 Shares		34,575,346			-			34,575,346
American Funds - New World Class 4 Shares		19,567,603			-			19,567,603
American Funds - The Bond Fund of America Class 2 Shares		195,300,859			59,493			195,360,352
American Funds - The Bond Fund of America Class 4 Shares		35,067,290			-			35,067,290
BlackRock Basic Value V.I. Class I Shares		16,524,137			1,508,766			18,032,903
BlackRock Global Allocation V.I. Class I Shares		7,260,294			466,632			7,726,926
BlackRock High Yield V.I. Class I Shares		2,441,641			128,359			2,570,000
Dimensional VA Equity Allocation		2,119,149			-			2,119,149
Dimensional VA Global Bond		3,237,883			-			3,237,883
Dimensional VA Global Moderate Allocation		1,462,558			-			1,462,558
Dimensional VA International Small		988,745			-			988,745
Dimensional VA International Value		1,654,489			-			1,654,489
Dimensional VA Short-Term Fixed		2,678,957			-			2,678,957
Dimensional VA U.S. Large Value		2,684,952			-			2,684,952
Dimensional VA U.S. Targeted Value		1,751,413			-			1,751,413
Fidelity® VIP Balanced Service Class 2		487,778,929			444,997			488,223,926
Fidelity® VIP Consumer Staples Initial Class		6,362,727			-			6,362,727
Fidelity® VIP Contrafund® Initial Class		108,094			-			108,094
Fidelity® VIP Contrafund® Service Class 2		978,295,900			19,764,386			998,060,286
Fidelity® VIP Energy Service Class 2		22,375,264			-			22,375,264
Fidelity® VIP Equity-Income Initial Class		58,820			-			58,820
Fidelity® VIP Equity-Income Service Class 2		30,199,414			335,558			30,534,972
Fidelity® VIP Growth Initial Class		38,019			-			38,019
Fidelity® VIP Growth Service Class 2		40,739,899			593,847			41,333,746
Fidelity® VIP Growth Opportunities Service Class 2		3,047,058			247,184			3,294,242
Fidelity® VIP Health Care Service Class 2		21,668,103			-			21,668,103
Fidelity® VIP Mid Cap Initial Class		70,376			-			70,376
Fidelity® VIP Mid Cap Service Class 2		369,109,953			6,229,780			375,339,733
Fidelity® VIP Technology Initial Class		100,567,757			-			100,567,757
Fidelity® VIP Utilities Initial Class		9,773,856			-			9,773,856
Fidelity® VIP Value Strategies Initial Class		373,262			67,730			440,992

See accompanying notes. 16

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Net Assets Representing: Accumulation Units		Net Assets Representing: Contracts in Payout (Annuitization) Period		Total Net Assets
Fidelity® VIP Value Strategies Service Class 2	$	236,515,917	$	4,536,378	$	241,052,295
Franklin Allocation Class 4 Shares		42,494,785		11,070		42,505,855
Franklin Income Class 2 Shares		31,219,853		244,264		31,464,117
Franklin Mutual Shares Class 2 Shares		8,428,574		14,827		8,443,401
Franklin Templeton Foreign Class 2 Shares		10,663,697		115,242		10,778,939
Invesco V.I. American Franchise Series II Shares		6,435,696		23,177		6,458,873
Janus Henderson - Enterprise Service Shares		15,230,308		325,761		15,556,069
Janus Henderson - Global Research Service Shares		20,007,318		259,189		20,266,507
Janus Henderson - Mid Cap Value Service Shares		2,781,171		8,829		2,790,000
MFS® New Discovery Service Class		23,342,141		258,705		23,600,846
MFS® Total Return Service Class		25,537,701		197,519		25,735,220
NVIT Emerging Markets Class D Shares		2,924		-		2,924
State Street Total Return V.I.S. Class 3 Shares		37,991,658		20,841		38,012,499
TA 60/40 Allocation Service Class		67,844,067		-		67,844,067
TA Aegon Bond Initial Class		94,475,643		10,968,974		105,444,617
TA Aegon Bond Service Class		397,252,704		541,772		397,794,476
TA Aegon Core Bond Service Class		213,662,135		45,059		213,707,194
TA Aegon High Yield Bond Initial Class		43,897,270		2,171,609		46,068,879
TA Aegon High Yield Bond Service Class		108,158,845		147,135		108,305,980
TA Aegon Sustainable Equity Income Initial Class		180,096,539		6,511,478		186,608,017
TA Aegon Sustainable Equity Income Service Class		106,577,552		104,652		106,682,204
TA Aegon U.S. Government Securities Initial Class		37,426,058		7,508,328		44,934,386
TA Aegon U.S. Government Securities Service Class		141,878,684		559,013		142,437,697
TA American Funds Managed Risk - Balanced Service Class		804,396,471		-		804,396,471
TA BlackRock Government Money Market Initial Class		85,851,332		19,246,305		105,097,637
TA BlackRock Government Money Market Service Class		484,821,179		408,758		485,229,937
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		183,959,389		160,854		184,120,243
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		820,310,739		358,874		820,669,613
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		290,789,562		350,706		291,140,268
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		622,961,534		273,094		623,234,628
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		285,228,312		23,984		285,252,296
TA BlackRock iShares Edge 100 Service Class		68,296,305		-		68,296,305
TA BlackRock iShares Edge 40 Initial Class		12,893,598		1,094,879		13,988,477
TA BlackRock iShares Edge 40 Service Class		171,595,706		316,250		171,911,956
TA BlackRock iShares Edge 50 Service Class		375,739,965		-		375,739,965
TA BlackRock iShares Edge 75 Service Class		131,536,137		-		131,536,137
TA BlackRock iShares Tactical - Balanced Service Class		300,859,065		59,186		300,918,251
TA BlackRock iShares Tactical - Conservative Service Class		142,189,070		80,774		142,269,844
TA BlackRock iShares Tactical - Growth Service Class		202,106,676		50,131		202,156,807
TA BlackRock Real Estate Securities Initial Class		20,996,059		1,143,259		22,139,318
TA BlackRock Real Estate Securities Service Class		60,395,779		97,339		60,493,118

See accompanying notes. 17

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Net Assets Representing: Accumulation Units		Net Assets Representing: Contracts in Payout (Annuitization) Period		Total Net Assets
TA BlackRock Tactical Allocation Service Class	$	745,870,641	$	6,715,380	$	752,586,021
TA Goldman Sachs 70/30 Service Class		6,273,648		-		6,273,648
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		3,484,037,472		3,589,017		3,487,626,489
TA Goldman Sachs Managed Risk - Conservative ETF Service Class		370,514,526		651,571		371,166,097
TA Goldman Sachs Managed Risk - Growth ETF Service Class		1,607,707,577		2,173,279		1,609,880,856
TA Great Lakes Advisors Large Cap Value Service Class		63,642,529		-		63,642,529
TA International Focus Initial Class		51,371,497		2,282,575		53,654,072
TA International Focus Service Class		80,911,278		17,492		80,928,770
TA Janus Balanced Service Class		792,505,032		62,528		792,567,560
TA Janus Mid-Cap Growth Initial Class		60,751,641		3,734,220		64,485,861
TA Janus Mid-Cap Growth Service Class		186,677,294		36,000		186,713,294
TA JPMorgan Asset Allocation - Conservative Initial Class		90,840,582		11,708,885		102,549,467
TA JPMorgan Asset Allocation - Conservative Service Class		543,912,492		1,614,323		545,526,815
TA JPMorgan Asset Allocation - Growth Initial Class		219,933,654		19,720,292		239,653,946
TA JPMorgan Asset Allocation - Growth Service Class		231,386,893		170,089		231,556,982
TA JPMorgan Asset Allocation - Moderate Initial Class		216,580,345		30,699,386		247,279,731
TA JPMorgan Asset Allocation - Moderate Service Class		4,110,397,811		2,724,492		4,113,122,303
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		330,736,561		27,810,658		358,547,219
TA JPMorgan Asset Allocation - Moderate Growth Service Class		2,124,556,561		4,156,505		2,128,713,066
TA JPMorgan Enhanced Index Initial Class		141,729,689		13,268,558		154,998,247
TA JPMorgan Enhanced Index Service Class		139,419,849		-		139,419,849
TA JPMorgan International Moderate Growth Initial Class		112,599		-		112,599
TA JPMorgan International Moderate Growth Service Class		304,068,740		741,053		304,809,793
TA JPMorgan Tactical Allocation Service Class		805,978,105		146,053		806,124,158
TA Madison Diversified Income Service Class		108,089,817		18,655		108,108,472
TA Market Participation Strategy Service Class		283,201,193		46,556		283,247,749
TA Morgan Stanley Global Allocation Service Class		685,927,586		2,475,830		688,403,416
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class		188,168,206		-		188,168,206
TA MSCI EAFE Index Service Class		74,533,906		-		74,533,906
TA Multi-Managed Balanced Initial Class		86,543,819		5,758,377		92,302,196
TA Multi-Managed Balanced Service Class		965,709,262		437,916		966,147,178
TA PineBridge Inflation Opportunities Service Class		90,491,498		126,053		90,617,551
TA ProFunds UltraBear Service Class (OAM)		10,252,417		-		10,252,417
TA S&P 500 Index Initial Class		12,966,233		-		12,966,233
TA S&P 500 Index Service Class		723,485,984		-		723,485,984
TA Small/Mid Cap Value Initial Class		81,391,312		3,264,158		84,655,470
TA Small/Mid Cap Value Service Class		180,813,530		15,691		180,829,221
TA T. Rowe Price Small Cap Initial Class		97,742,307		5,680,792		103,423,099
TA T. Rowe Price Small Cap Service Class		348,618,004		142,457		348,760,461
TA TSW International Equity Initial Class		59,563,781		3,605,481		63,169,262
TA TSW International Equity Service Class		50,287,971		50,711		50,338,682

See accompanying notes. 18

Transamerica Life Insurance Company

Separate Account VA B

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Net Assets Representing: Accumulation Units		Net Assets Representing: Contracts in Payout (Annuitization) Period		Total Net Assets
TA TSW Mid Cap Value Opportunities Service Class	$	208,927,652	$	1,788,839	$	210,716,491
TA WMC US Growth Initial Class		678,610,434		59,334,784		737,945,218
Vanguard® Capital Growth		4,188,217		-		4,188,217
Vanguard® Conservative Allocation		16,071,368		-		16,071,368
Vanguard® Diversified Value		3,095,580		-		3,095,580
Vanguard® Equity Income		4,402,590		-		4,402,590
Vanguard® Equity Index		19,648,768		117,946		19,766,714
Vanguard® Global Bond Index		1,186,450		-		1,186,450
Vanguard® Growth		15,659,300		-		15,659,300
Vanguard® High Yield Bond		3,641,513		-		3,641,513
Vanguard® International		8,467,892		-		8,467,892
Vanguard® Mid-Cap Index		39,633,203		-		39,633,203
Vanguard® Moderate Allocation		30,484,257		-		30,484,257
Vanguard® Money Market		9,955,480		-		9,955,480
Vanguard® Real Estate Index		10,192,732		15,825		10,208,557
Vanguard® Short-Term Investment Grade		15,826,820		86,833		15,913,653
Vanguard® Total Bond Market Index		17,630,542		-		17,630,542
Vanguard® Total International Stock Market Index		8,026,078		-		8,026,078
Vanguard® Total Stock Market Index		23,495,552		-		23,495,552
Voya Global Perspectives Class S Shares		1,349		-		1,349
Voya Large Cap Value Class S Shares		1,646		-		1,646
Wanger Acorn		-		-		-
Wanger International		143,168		-		143,168

See accompanying notes. 19

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	AB Balanced Hedged Allocation Class B Shares			AB Large Cap Growth Class B Shares			AB Relative Value Class B Shares			American Funds -Asset Allocation Class 2 Shares
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	68,221,047		$	21,598,227		$	253,718,317		$	658,825,848
Investment Income:
Reinvested Dividends		615,416			-			3,129,051			14,052,688
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,046,034			354,650			3,505,782			10,596,629
Net Investment Income (Loss)		(430,618	)		(354,650	)		(376,731	)		3,456,059
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		3,526,168			1,745,324			19,765,006			25,349,206
Realized Gain (Loss) on Investments		(3,186,866	)		678,748			(2,420,275	)		77,731
Net Realized Capital Gains (Losses) on Investments		339,302			2,424,072			17,344,731			25,426,937
Net Change in Unrealized Appreciation (Depreciation)		7,071,091			4,657,524			6,813,241			46,416,344
Net Gain (Loss) on Investment		7,410,393			7,081,596			24,157,972			71,843,281
Net Increase (Decrease) in Net Assets Resulting from Operations		6,979,775			6,726,946			23,781,241			75,299,340
Increase (Decrease) in Net Assets from Contract Transactions		(7,276,103	)		(2,469,705	)		(24,972,456	)		(78,625,036)
Total Increase (Decrease) in Net Assets		(296,328	)		4,257,241			(1,191,215	)		(3,325,696)
Net Assets as of December 31, 2023:	$	67,924,719		$	25,855,468		$	252,527,102		$	655,500,152
Investment Income:
Reinvested Dividends		1,152,246			-			3,273,828			13,782,874
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,020,730			414,717			3,743,284			10,870,240
Net Investment Income (Loss)		131,516			(414,717	)		(469,456	)		2,912,634
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,327,235			1,235,892			9,211,829			28,446,610
Realized Gain (Loss) on Investments		(2,068,294	)		1,653,050			3,812,408			13,056,630
Net Realized Capital Gains (Losses) on Investments		(741,059	)		2,888,942			13,024,237			41,503,240
Net Change in Unrealized Appreciation (Depreciation)		5,081,731			3,215,651			15,163,906			45,316,755
Net Gain (Loss) on Investment		4,340,672			6,104,593			28,188,143			86,819,995
Net Increase (Decrease) in Net Assets Resulting from Operations		4,472,188			5,689,876			27,718,687			89,732,629
Increase (Decrease) in Net Assets from Contract Transactions		(9,849,610	)		(3,727,049	)		(27,715,375	)		(102,120,502)
Total Increase (Decrease) in Net Assets		(5,377,422	)		1,962,827			3,312			(12,387,873)
Net Assets as of December 31, 2024:	$	62,547,297		$	27,818,295		$	252,530,414		$	643,112,279

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, 2024 and 2023

	American Funds - Asset Allocation Class 4 Shares			American Funds - Growth Class 2 Shares			American Funds - Growth Class 4 Shares			American Funds - Growth-Income Class 2 Shares
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	29,772,601		$	739,271,958		$	75,410,935		$	565,155,508
Investment Income:
Reinvested Dividends		919,818			2,941,423			210,071			7,940,698
Investment Expense:
Mortality and Expense Risk and Administrative Charges		542,304			13,033,629			1,611,977			9,258,164
Net Investment Income (Loss)		377,514			(10,092,206	)		(1,401,906	)		(1,317,466)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,416,600			46,205,518			6,422,332			31,241,646
Realized Gain (Loss) on Investments		(566,047	)		15,415,607			(2,765,846	)		9,573,256
Net Realized Capital Gains (Losses) on Investments		850,553			61,621,125			3,656,486			40,814,902
Net Change in Unrealized Appreciation (Depreciation)		3,813,708			201,803,511			33,903,064			88,330,896
Net Gain (Loss) on Investment		4,664,261			263,424,636			37,559,550			129,145,798
Net Increase (Decrease) in Net Assets Resulting from Operations		5,041,775			253,332,430			36,157,644			127,828,332
Increase (Decrease) in Net Assets from Contract Transactions		16,979,263			(87,315,273	)		61,674,585			(69,675,859)
Total Increase (Decrease) in Net Assets		22,021,038			166,017,157			97,832,229			58,152,473
Net Assets as of December 31, 2023:	$	51,793,639		$	905,289,115		$	173,243,164		$	623,307,981
Investment Income:
Reinvested Dividends		1,304,157			3,180,453			436,191			6,987,217
Investment Expense:
Mortality and Expense Risk and Administrative Charges		878,183			15,479,177			3,490,525			10,378,449
Net Investment Income (Loss)		425,974			(12,298,724	)		(3,054,334	)		(3,391,232)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,616,142			22,256,984			5,664,199			29,719,566
Realized Gain (Loss) on Investments		(464,211	)		60,256,208			(1,378,724	)		35,891,580
Net Realized Capital Gains (Losses) on Investments		2,151,931			82,513,192			4,285,475			65,611,146
Net Change in Unrealized Appreciation (Depreciation)		5,498,105			178,367,718			63,002,585			68,552,976
Net Gain (Loss) on Investment		7,650,036			260,880,910			67,288,060			134,164,122
Net Increase (Decrease) in Net Assets Resulting from Operations		8,076,010			248,582,186			64,233,726			130,772,890
Increase (Decrease) in Net Assets from Contract Transactions		10,806,792			(145,371,781	)		119,884,003			(104,253,033)
Total Increase (Decrease) in Net Assets		18,882,802			103,210,405			184,117,729			26,519,857
Net Assets as of December 31, 2024:	$	70,676,441		$	1,008,499,520		$	357,360,893		$	649,827,838

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, 2024 and 2023

	American Funds - Growth-Income Class 4 Shares			American Funds - International Class 2 Shares			American Funds - International Class 4 Shares			American Funds - New World Class 4 Shares
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	44,815,167		$	190,941,815		$	16,159,481		$	7,346,732
Investment Income:
Reinvested Dividends		898,805			2,552,176			250,913			146,717
Investment Expense:
Mortality and Expense Risk and Administrative Charges		874,830			3,114,054			269,028			135,271
Net Investment Income (Loss)		23,975			(561,878	)		(18,115	)		11,446
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		3,421,176			-			-			-
Realized Gain (Loss) on Investments		(511,036	)		(4,541,899	)		(926,222	)		(469,460)
Net Realized Capital Gains (Losses) on Investments		2,910,140			(4,541,899	)		(926,222	)		(469,460)
Net Change in Unrealized Appreciation (Depreciation)		11,734,613			30,960,418			3,522,937			1,755,774
Net Gain (Loss) on Investment		14,644,753			26,418,519			2,596,715			1,286,314
Net Increase (Decrease) in Net Assets Resulting from Operations		14,668,728			25,856,641			2,578,600			1,297,760
Increase (Decrease) in Net Assets from Contract Transactions		29,037,544			(14,290,923	)		5,939,967			4,482,613
Total Increase (Decrease) in Net Assets		43,706,272			11,565,718			8,518,567			5,780,373
Net Assets as of December 31, 2023:	$	88,521,439		$	202,507,533		$	24,678,048		$	13,127,105
Investment Income:
Reinvested Dividends		1,345,720			2,316,803			338,257			218,816
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,669,500			3,211,209			402,979			228,462
Net Investment Income (Loss)		(323,780	)		(894,406	)		(64,722	)		(9,646)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		5,383,686			-			-			76,727
Realized Gain (Loss) on Investments		405,245			(2,362,266	)		(785,380	)		(218,272)
Net Realized Capital Gains (Losses) on Investments		5,788,931			(2,362,266	)		(785,380	)		(141,545)
Net Change in Unrealized Appreciation (Depreciation)		17,739,434			7,499,803			782,692			748,658
Net Gain (Loss) on Investment		23,528,365			5,137,537			(2,688	)		607,113
Net Increase (Decrease) in Net Assets Resulting from Operations		23,204,585			4,243,131			(67,410	)		597,467
Increase (Decrease) in Net Assets from Contract Transactions		55,254,934			(23,503,302	)		9,964,708			5,843,031
Total Increase (Decrease) in Net Assets		78,459,519			(19,260,171	)		9,897,298			6,440,498
Net Assets as of December 31, 2024:	$	166,980,958		$	183,247,362		$	34,575,346		$	19,567,603

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, 2024 and 2023

	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			BlackRock Global Allocation V.I. Class I Shares
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	205,927,941		$	12,995,937		$	16,931,268		$	7,994,086
Investment Income:
Reinvested Dividends		7,021,954			727,823			306,273			169,088
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,258,458			246,208			263,956			121,370
Net Investment Income (Loss)		3,763,496			481,615			42,317			47,718
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			687,598			-
Realized Gain (Loss) on Investments		(4,867,046	)		(330,474	)		(238,643	)		(28,111)
Net Realized Capital Gains (Losses) on Investments		(4,867,046	)		(330,474	)		448,955			(28,111)
Net Change in Unrealized Appreciation (Depreciation)		7,801,098			529,212			1,909,132			810,075
Net Gain (Loss) on Investment		2,934,052			198,738			2,358,087			781,964
Net Increase (Decrease) in Net Assets Resulting from Operations		6,697,548			680,353			2,400,404			829,682
Increase (Decrease) in Net Assets from Contract Transactions		(6,870,720	)		9,795,964			(1,235,618	)		(891,624)
Total Increase (Decrease) in Net Assets		(173,172	)		10,476,317			1,164,786			(61,942)
Net Assets as of December 31, 2023:	$	205,754,769		$	23,472,254		$	18,096,054		$	7,932,144
Investment Income:
Reinvested Dividends		8,155,782			1,360,854			373,653			103,774
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,223,608			406,968			285,543			122,400
Net Investment Income (Loss)		4,932,174			953,886			88,110			(18,626)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			1,342,954			486,385
Realized Gain (Loss) on Investments		(5,530,333	)		(946,978	)		(72,740	)		88,686
Net Realized Capital Gains (Losses) on Investments		(5,530,333	)		(946,978	)		1,270,214			575,071
Net Change in Unrealized Appreciation (Depreciation)		(348,713	)		61,459			190,070			25,510
Net Gain (Loss) on Investment		(5,879,046	)		(885,519	)		1,460,284			600,581
Net Increase (Decrease) in Net Assets Resulting from Operations		(946,872	)		68,367			1,548,394			581,955
Increase (Decrease) in Net Assets from Contract Transactions		(9,447,545	)		11,526,669			(1,611,545	)		(787,173)
Total Increase (Decrease) in Net Assets		(10,394,417	)		11,595,036			(63,151	)		(205,218)
Net Assets as of December 31, 2024:	$	195,360,352		$	35,067,290		$	18,032,903		$	7,726,926

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, 2024 and 2023

	BlackRock High Yield V.I. Class I Shares			Dimensional VA Equity Allocation			Dimensional VA Global Bond			Dimensional VA Global Moderate Allocation
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	2,463,283		$	1,220,469		$	1,982,769		$	529,889
Investment Income:
Reinvested Dividends		164,879			32,721			119,048			18,055
Investment Expense:
Mortality and Expense Risk and Administrative Charges		37,244			4,527			26,170			1,725
Net Investment Income (Loss)		127,635			28,194			92,878			16,330
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			32,635			-			7,347
Realized Gain (Loss) on Investments		(20,954	)		(3,211	)		(21,409	)		(155)
Net Realized Capital Gains (Losses) on Investments		(20,954	)		29,424			(21,409	)		7,192
Net Change in Unrealized Appreciation (Depreciation)		169,029			194,811			18,906			63,267
Net Gain (Loss) on Investment		148,075			224,235			(2,503	)		70,459
Net Increase (Decrease) in Net Assets Resulting from Operations		275,710			252,429			90,375			86,789
Increase (Decrease) in Net Assets from Contract Transactions		(124,113	)		256,815			836,025			95,998
Total Increase (Decrease) in Net Assets		151,597			509,244			926,400			182,787
Net Assets as of December 31, 2023:	$	2,614,880		$	1,729,713		$	2,909,169		$	712,676
Investment Income:
Reinvested Dividends		180,972			38,446			155,360			36,785
Investment Expense:
Mortality and Expense Risk and Administrative Charges		38,973			6,391			36,766			3,093
Net Investment Income (Loss)		141,999			32,055			118,594			33,692
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			24,304			-			7,855
Realized Gain (Loss) on Investments		(16,226	)		5,895			(30,411	)		2,084
Net Realized Capital Gains (Losses) on Investments		(16,226	)		30,199			(30,411	)		9,939
Net Change in Unrealized Appreciation (Depreciation)		43,062			194,546			34,578			68,989
Net Gain (Loss) on Investment		26,836			224,745			4,167			78,928
Net Increase (Decrease) in Net Assets Resulting from Operations		168,835			256,800			122,761			112,620
Increase (Decrease) in Net Assets from Contract Transactions		(213,715	)		132,636			205,953			637,262
Total Increase (Decrease) in Net Assets		(44,880	)		389,436			328,714			749,882
Net Assets as of December 31, 2024:	$	2,570,000		$	2,119,149		$	3,237,883		$	1,462,558

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, 2024 and 2023

	Dimensional VA International Small			Dimensional VA International Value			Dimensional VA Short-Term Fixed			Dimensional VA U.S. Large Value
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	668,692		$	747,852		$	1,007,153		$	1,201,596
Investment Income:
Reinvested Dividends		24,377			49,442			57,043			34,213
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,031			2,641			3,931			4,647
Net Investment Income (Loss)		22,346			46,801			53,112			29,566
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			9,867			-			20,852
Realized Gain (Loss) on Investments		(7,627	)		(1,106	)		(818	)		3,424
Net Realized Capital Gains (Losses) on Investments		(7,627	)		8,761			(818	)		24,276
Net Change in Unrealized Appreciation (Depreciation)		81,297			82,732			6,181			90,267
Net Gain (Loss) on Investment		73,670			91,493			5,363			114,543
Net Increase (Decrease) in Net Assets Resulting from Operations		96,016			138,294			58,475			144,109
Increase (Decrease) in Net Assets from Contract Transactions		95,109			217,725			467,107			248,738
Total Increase (Decrease) in Net Assets		191,125			356,019			525,582			392,847
Net Assets as of December 31, 2023:	$	859,817		$	1,103,871		$	1,532,735		$	1,594,443
Investment Income:
Reinvested Dividends		33,744			65,371			127,737			54,108
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,560			3,909			5,980			7,389
Net Investment Income (Loss)		31,184			61,462			121,757			46,719
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		26,390			33,738			-			272,615
Realized Gain (Loss) on Investments		(3,947	)		5,743			14,043			26,502
Net Realized Capital Gains (Losses) on Investments		22,443			39,481			14,043			299,117
Net Change in Unrealized Appreciation (Depreciation)		(26,217	)		(28,616	)		(34,350	)		(105,891)
Net Gain (Loss) on Investment		(3,774	)		10,865			(20,307	)		193,226
Net Increase (Decrease) in Net Assets Resulting from Operations		27,410			72,327			101,450			239,945
Increase (Decrease) in Net Assets from Contract Transactions		101,518			478,291			1,044,772			850,564
Total Increase (Decrease) in Net Assets		128,928			550,618			1,146,222			1,090,509
Net Assets as of December 31, 2024:	$	988,745		$	1,654,489		$	2,678,957		$	2,684,952

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, 2024 and 2023

	Dimensional VA U.S. Targeted Value			Fidelity® VIP Balanced Service Class 2			Fidelity® VIP Consumer Staples Initial Class			Fidelity® VIP Contrafund®  Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	1,060,221		$	426,076,806		$	3,426,928		$	97,922
Investment Income:
Reinvested Dividends		18,198			6,906,064			93,809			380
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,353			6,111,906			73,693			537
Net Investment Income (Loss)		14,845			794,158			20,116			(157)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		80,978			16,885,601			67,731			2,960
Realized Gain (Loss) on Investments		(18,239	)		8,686,824			(33,721	)		(5,227)
Net Realized Capital Gains (Losses) on Investments		62,739			25,572,425			34,010			(2,267)
Net Change in Unrealized Appreciation (Depreciation)		122,855			53,984,283			1,619			25,089
Net Gain (Loss) on Investment		185,594			79,556,708			35,629			22,822
Net Increase (Decrease) in Net Assets Resulting from Operations		200,439			80,350,866			55,745			22,665
Increase (Decrease) in Net Assets from Contract Transactions		50,620			(31,985,465	)		1,660,049			(24,770)
Total Increase (Decrease) in Net Assets		251,059			48,365,401			1,715,794			(2,105)
Net Assets as of December 31, 2023:	$	1,311,280		$	474,442,207		$	5,142,722		$	95,817
Investment Income:
Reinvested Dividends		23,151			8,196,462			135,577			194
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,205			6,729,059			97,227			701
Net Investment Income (Loss)		18,946			1,467,403			38,350			(507)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		112,779			16,233,754			133,134			12,139
Realized Gain (Loss) on Investments		(2,764	)		19,171,814			35,140			2,271
Net Realized Capital Gains (Losses) on Investments		110,015			35,405,568			168,274			14,410
Net Change in Unrealized Appreciation (Depreciation)		(15,013	)		27,069,570			13,863			14,689
Net Gain (Loss) on Investment		95,002			62,475,138			182,137			29,099
Net Increase (Decrease) in Net Assets Resulting from Operations		113,948			63,942,541			220,487			28,592
Increase (Decrease) in Net Assets from Contract Transactions		326,185			(50,160,822	)		999,518			(16,315)
Total Increase (Decrease) in Net Assets		440,133			13,781,719			1,220,005			12,277
Net Assets as of December 31, 2024:	$	1,751,413		$	488,223,926		$	6,362,727		$	108,094

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, 2024 and 2023

	Fidelity® VIP Contrafund®  Service Class 2			Fidelity® VIP Energy Service Class 2			Fidelity® VIP Equity-Income  Initial Class			Fidelity® VIP Equity-Income Service Class  2
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	664,973,940		$	13,435,529		$	50,635		$	31,755,838
Investment Income:
Reinvested Dividends		1,944,895			427,321			983			511,076
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,293,826			272,212			358			452,803
Net Investment Income (Loss)		(8,348,931	)		155,109			625			58,273
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		27,439,128			-			1,475			877,001
Realized Gain (Loss) on Investments		21,313,551			565,811			514			392,482
Net Realized Capital Gains (Losses) on Investments		48,752,679			565,811			1,989			1,269,483
Net Change in Unrealized Appreciation (Depreciation)		161,248,508			(1,284,928	)		2,229			1,186,223
Net Gain (Loss) on Investment		210,001,187			(719,117	)		4,218			2,455,706
Net Increase (Decrease) in Net Assets Resulting from Operations		201,652,256			(564,008	)		4,843			2,513,979
Increase (Decrease) in Net Assets from Contract Transactions		(48,561,016	)		4,745,491			(2,027	)		(3,902,307)
Total Increase (Decrease) in Net Assets		153,091,240			4,181,483			2,816			(1,388,328)
Net Assets as of December 31, 2023:	$	818,065,180		$	17,617,012		$	53,451		$	30,367,510
Investment Income:
Reinvested Dividends		311,154			454,172			1,030			487,594
Investment Expense:
Mortality and Expense Risk and Administrative Charges		13,146,034			312,773			410			477,125
Net Investment Income (Loss)		(12,834,880	)		141,399			620			10,469
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		116,396,831			-			3,357			1,839,936
Realized Gain (Loss) on Investments		65,312,615			701,250			755			948,251
Net Realized Capital Gains (Losses) on Investments		181,709,446			701,250			4,112			2,788,187
Net Change in Unrealized Appreciation (Depreciation)		82,676,713			(562,509	)		2,931			1,134,125
Net Gain (Loss) on Investment		264,386,159			138,741			7,043			3,922,312
Net Increase (Decrease) in Net Assets Resulting from Operations		251,551,279			280,140			7,663			3,932,781
Increase (Decrease) in Net Assets from Contract Transactions		(71,556,173	)		4,478,112			(2,294	)		(3,765,319)
Total Increase (Decrease) in Net Assets		179,995,106			4,758,252			5,369			167,462
Net Assets as of December 31, 2024:	$	998,060,286		$	22,375,264		$	58,820		$	30,534,972

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, 2024 and 2023

	Fidelity® VIP Growth Initial Class			Fidelity® VIP Growth Service Class 2			Fidelity® VIP Growth Opportunities Service Class 2			Fidelity® VIP Health Care Service Class 2
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	24,291		$	30,132,579		$	2,200,748		$	9,004,288
Investment Income:
Reinvested Dividends		36			1,282			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		211			493,679			39,038			187,020
Net Investment Income (Loss)		(175	)		(492,397	)		(39,038	)		(187,020)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,294			1,533,802			-			-
Realized Gain (Loss) on Investments		582			1,694,416			110,498			(186,289)
Net Realized Capital Gains (Losses) on Investments		1,876			3,228,218			110,498			(186,289)
Net Change in Unrealized Appreciation (Depreciation)		6,597			6,795,012			825,021			827,675
Net Gain (Loss) on Investment		8,473			10,023,230			935,519			641,386
Net Increase (Decrease) in Net Assets Resulting from Operations		8,298			9,530,833			896,481			454,366
Increase (Decrease) in Net Assets from Contract Transactions		(1,482	)		(4,754,176	)		(257,920	)		6,891,714
Total Increase (Decrease) in Net Assets		6,816			4,776,657			638,561			7,346,080
Net Assets as of December 31, 2023:	$	31,107		$	34,909,236		$	2,839,309		$	16,350,368
Investment Income:
Reinvested Dividends		-			-			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		277			587,950			49,633			290,575
Net Investment Income (Loss)		(277	)		(587,950	)		(49,633	)		(290,575)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		7,948			8,678,782			-			-
Realized Gain (Loss) on Investments		1,161			2,010,828			332,924			(52,324)
Net Realized Capital Gains (Losses) on Investments		9,109			10,689,610			332,924			(52,324)
Net Change in Unrealized Appreciation (Depreciation)		112			(760,132	)		697,664			757,567
Net Gain (Loss) on Investment		9,221			9,929,478			1,030,588			705,243
Net Increase (Decrease) in Net Assets Resulting from Operations		8,944			9,341,528			980,955			414,668
Increase (Decrease) in Net Assets from Contract Transactions		(2,032	)		(2,917,018	)		(526,022	)		4,903,067
Total Increase (Decrease) in Net Assets		6,912			6,424,510			454,933			5,317,735
Net Assets as of December 31, 2024:	$	38,019		$	41,333,746		$	3,294,242		$	21,668,103

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, 2024 and 2023

	Fidelity® VIP Mid Cap Initial Class			Fidelity® VIP Mid Cap Service Class 2			Fidelity® VIP Technology Initial Class			Fidelity® VIP Utilities Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	53,442		$	316,552,322		$	14,669,451		$	4,063,657
Investment Income:
Reinvested Dividends		318			1,243,434			45,043			120,809
Investment Expense:
Mortality and Expense Risk and Administrative Charges		336			4,548,864			487,955			85,276
Net Investment Income (Loss)		(18	)		(3,305,430	)		(442,912	)		35,533
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,447			9,278,397			627,767			122,063
Realized Gain (Loss) on Investments		215			599,295			(621,090	)		(54,035)
Net Realized Capital Gains (Losses) on Investments		1,662			9,877,692			6,677			68,028
Net Change in Unrealized Appreciation (Depreciation)		5,413			33,851,299			10,888,428			(181,351)
Net Gain (Loss) on Investment		7,075			43,728,991			10,895,105			(113,323)
Net Increase (Decrease) in Net Assets Resulting from Operations		7,057			40,423,561			10,452,193			(77,790)
Increase (Decrease) in Net Assets from Contract Transactions		(2,674	)		(16,276,118	)		18,532,557			1,561,017
Total Increase (Decrease) in Net Assets		4,383			24,147,443			28,984,750			1,483,227
Net Assets as of December 31, 2023:	$	57,825		$	340,699,765		$	43,654,201		$	5,546,884
Investment Income:
Reinvested Dividends		365			1,273,815			-			162,401
Investment Expense:
Mortality and Expense Risk and Administrative Charges		419			5,203,672			1,245,647			122,924
Net Investment Income (Loss)		(54	)		(3,929,857	)		(1,245,647	)		39,477
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		8,451			49,297,151			2,663,299			348,039
Realized Gain (Loss) on Investments		703			9,235,169			3,699,462			115,318
Net Realized Capital Gains (Losses) on Investments		9,154			58,532,320			6,362,761			463,357
Net Change in Unrealized Appreciation (Depreciation)		460			(2,744,550	)		13,938,097			1,082,555
Net Gain (Loss) on Investment		9,614			55,787,770			20,300,858			1,545,912
Net Increase (Decrease) in Net Assets Resulting from Operations		9,560			51,857,913			19,055,211			1,585,389
Increase (Decrease) in Net Assets from Contract Transactions		2,991			(17,217,945	)		37,858,345			2,641,583
Total Increase (Decrease) in Net Assets		12,551			34,639,968			56,913,556			4,226,972
Net Assets as of December 31, 2024:	$	70,376		$	375,339,733		$	100,567,757		$	9,773,856

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, 2024 and 2023

	Fidelity® VIP Value Strategies Initial Class			Fidelity® VIP Value Strategies Service Class 2			Franklin Allocation Class 4 Shares			Franklin Income Class 2 Shares
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	384,531		$	229,047,613		$	47,702,927		$	37,594,864
Investment Income:
Reinvested Dividends		5,247			2,029,389			618,489			1,853,101
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,884			3,185,334			778,368			526,200
Net Investment Income (Loss)		2,363			(1,155,945	)		(159,879	)		1,326,901
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		17,192			8,575,030			767,746			2,246,552
Realized Gain (Loss) on Investments		8,162			8,370,102			(3,193,315	)		(605,855)
Net Realized Capital Gains (Losses) on Investments		25,354			16,945,132			(2,425,569	)		1,640,697
Net Change in Unrealized Appreciation (Depreciation)		53,439			24,045,820			8,244,689			(617,156)
Net Gain (Loss) on Investment		78,793			40,990,952			5,819,120			1,023,541
Net Increase (Decrease) in Net Assets Resulting from Operations		81,156			39,835,007			5,659,241			2,350,442
Increase (Decrease) in Net Assets from Contract Transactions		41,808			(26,982,624	)		(6,384,701	)		(5,420,977)
Total Increase (Decrease) in Net Assets		122,964			12,852,383			(725,460	)		(3,070,535)
Net Assets as of December 31, 2023:	$	507,495		$	241,899,996		$	46,977,467		$	34,524,329
Investment Income:
Reinvested Dividends		4,559			1,892,208			859,193			1,726,540
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,333			3,429,119			760,789			493,681
Net Investment Income (Loss)		1,226			(1,536,911	)		98,404			1,232,859
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		63,130			33,750,491			-			141,457
Realized Gain (Loss) on Investments		30,217			8,449,711			(2,618,975	)		(387,054)
Net Realized Capital Gains (Losses) on Investments		93,347			42,200,202			(2,618,975	)		(245,597)
Net Change in Unrealized Appreciation (Depreciation)		(48,677	)		(22,574,048	)		5,729,316			843,264
Net Gain (Loss) on Investment		44,670			19,626,154			3,110,341			597,667
Net Increase (Decrease) in Net Assets Resulting from Operations		45,896			18,089,243			3,208,745			1,830,526
Increase (Decrease) in Net Assets from Contract Transactions		(112,399	)		(18,936,944	)		(7,680,357	)		(4,890,738)
Total Increase (Decrease) in Net Assets		(66,503	)		(847,701	)		(4,471,612	)		(3,060,212)
Net Assets as of December 31, 2024:	$	440,992		$	241,052,295		$	42,505,855		$	31,464,117

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, 2024 and 2023

	Franklin Mutual Shares Class 2 Shares			Franklin Templeton Foreign Class 2 Shares			Invesco V.I. American Franchise Series II Shares			Janus Henderson - Enterprise Service Shares
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	9,000,977		$	12,216,487		$	4,496,437		$	15,959,583
Investment Income:
Reinvested Dividends		164,053			413,366			-			14,887
Investment Expense:
Mortality and Expense Risk and Administrative Charges		129,681			193,831			76,101			251,011
Net Investment Income (Loss)		34,372			219,535			(76,101	)		(236,124)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		755,090			-			124,351			1,256,764
Realized Gain (Loss) on Investments		(260,145	)		(124,644	)		(10,157	)		238,497
Net Realized Capital Gains (Losses) on Investments		494,945			(124,644	)		114,194			1,495,261
Net Change in Unrealized Appreciation (Depreciation)		438,686			2,091,534			1,593,150			1,183,448
Net Gain (Loss) on Investment		933,631			1,966,890			1,707,344			2,678,709
Net Increase (Decrease) in Net Assets Resulting from Operations		968,003			2,186,425			1,631,243			2,442,585
Increase (Decrease) in Net Assets from Contract Transactions		(1,069,987	)		(1,626,700	)		(746,703	)		(1,321,003)
Total Increase (Decrease) in Net Assets		(101,984	)		559,725			884,540			1,121,582
Net Assets as of December 31, 2023:	$	8,898,993		$	12,776,212		$	5,380,977		$	17,081,165
Investment Income:
Reinvested Dividends		171,881			293,011			-			107,278
Investment Expense:
Mortality and Expense Risk and Administrative Charges		132,522			186,897			91,124			253,402
Net Investment Income (Loss)		39,359			106,114			(91,124	)		(146,124)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		178,742			-			-			758,553
Realized Gain (Loss) on Investments		(238,549	)		30,857			105,654			861,551
Net Realized Capital Gains (Losses) on Investments		(59,807	)		30,857			105,654			1,620,104
Net Change in Unrealized Appreciation (Depreciation)		841,089			(383,553	)		1,659,554			700,633
Net Gain (Loss) on Investment		781,282			(352,696	)		1,765,208			2,320,737
Net Increase (Decrease) in Net Assets Resulting from Operations		820,641			(246,582	)		1,674,084			2,174,613
Increase (Decrease) in Net Assets from Contract Transactions		(1,276,233	)		(1,750,691	)		(596,188	)		(3,699,709)
Total Increase (Decrease) in Net Assets		(455,592	)		(1,997,273	)		1,077,896			(1,525,096)
Net Assets as of December 31, 2024:	$	8,443,401		$	10,778,939		$	6,458,873		$	15,556,069

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, 2024 and 2023

	Janus Henderson - Global Research Service Shares			Janus Henderson - Mid Cap Value Service Shares			MFS® New Discovery Service Class			MFS® Total Return Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	16,749,220		$	2,531,498		$	26,589,500		$	28,899,652
Investment Income:
Reinvested Dividends		136,303			23,827			-			504,534
Investment Expense:
Mortality and Expense Risk and Administrative Charges		264,340			35,895			399,504			411,787
Net Investment Income (Loss)		(128,037	)		(12,068	)		(399,504	)		92,747
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		520,105			72,366			-			1,204,212
Realized Gain (Loss) on Investments		1,031,023			4,947			(2,643,228	)		427,099
Net Realized Capital Gains (Losses) on Investments		1,551,128			77,313			(2,643,228	)		1,631,311
Net Change in Unrealized Appreciation (Depreciation)		2,476,023			164,682			6,192,946			559,435
Net Gain (Loss) on Investment		4,027,151			241,995			3,549,718			2,190,746
Net Increase (Decrease) in Net Assets Resulting from Operations		3,899,114			229,927			3,150,214			2,283,493
Increase (Decrease) in Net Assets from Contract Transactions		(1,931,500	)		(173,792	)		(3,024,145	)		(3,211,029)
Total Increase (Decrease) in Net Assets		1,967,614			56,135			126,069			(927,536)
Net Assets as of December 31, 2023:	$	18,716,834		$	2,587,633		$	26,715,569		$	27,972,116
Investment Income:
Reinvested Dividends		119,691			23,025			-			627,476
Investment Expense:
Mortality and Expense Risk and Administrative Charges		302,052			39,936			384,964			405,914
Net Investment Income (Loss)		(182,361	)		(16,911	)		(384,964	)		221,562
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		670,446			145,565			-			1,345,927
Realized Gain (Loss) on Investments		1,834,868			19,281			(3,258,504	)		228,490
Net Realized Capital Gains (Losses) on Investments		2,505,314			164,846			(3,258,504	)		1,574,417
Net Change in Unrealized Appreciation (Depreciation)		1,548,912			137,738			4,899,680			(193,959)
Net Gain (Loss) on Investment		4,054,226			302,584			1,641,176			1,380,458
Net Increase (Decrease) in Net Assets Resulting from Operations		3,871,865			285,673			1,256,212			1,602,020
Increase (Decrease) in Net Assets from Contract Transactions		(2,322,192	)		(83,306	)		(4,370,935	)		(3,838,916)
Total Increase (Decrease) in Net Assets		1,549,673			202,367			(3,114,723	)		(2,236,896)
Net Assets as of December 31, 2024:	$	20,266,507		$	2,790,000		$	23,600,846		$	25,735,220

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, 2024 and 2023

	NVIT Emerging Markets Class D Shares			State Street Total Return V.I.S. Class 3 Shares			TA 60/40 Allocation Service Class			TA Aegon Bond Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	6,615		$	38,543,371		$	45,596,897		$	107,584,148
Investment Income:
Reinvested Dividends		40			758,902			720,380			980,606
Investment Expense:
Mortality and Expense Risk and Administrative Charges		19			604,202			640,737			1,657,146
Net Investment Income (Loss)		21			154,700			79,643			(676,540)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(48	)		(1,554,418	)		358,850			(3,479,869)
Net Realized Capital Gains (Losses) on Investments		(48	)		(1,554,418	)		358,850			(3,479,869)
Net Change in Unrealized Appreciation (Depreciation)		258			6,207,904			7,103,130			9,106,404
Net Gain (Loss) on Investment		210			4,653,486			7,461,980			5,626,535
Net Increase (Decrease) in Net Assets Resulting from Operations		231			4,808,186			7,541,623			4,949,995
Increase (Decrease) in Net Assets from Contract Transactions		(4,018	)		(4,537,310	)		13,818,523			(5,527,775)
Total Increase (Decrease) in Net Assets		(3,787	)		270,876			21,360,146			(577,780)
Net Assets as of December 31, 2023:	$	2,828		$	38,814,247		$	66,957,043		$	107,006,368
Investment Income:
Reinvested Dividends		40			1,629,240			1,011,919			4,421,956
Investment Expense:
Mortality and Expense Risk and Administrative Charges		19			601,389			827,940			1,678,426
Net Investment Income (Loss)		21			1,027,851			183,979			2,743,530
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			7,906			807,633			-
Realized Gain (Loss) on Investments		5			(466,447	)		2,345,680			(2,700,129)
Net Realized Capital Gains (Losses) on Investments		5			(458,541	)		3,153,313			(2,700,129)
Net Change in Unrealized Appreciation (Depreciation)		124			2,875,795			3,969,660			463,357
Net Gain (Loss) on Investment		129			2,417,254			7,122,973			(2,236,772)
Net Increase (Decrease) in Net Assets Resulting from Operations		150			3,445,105			7,306,952			506,758
Increase (Decrease) in Net Assets from Contract Transactions		(54	)		(4,246,853	)		(6,419,928	)		(2,068,509)
Total Increase (Decrease) in Net Assets		96			(801,748	)		887,024			(1,561,751)
Net Assets as of December 31, 2024:	$	2,924		$	38,012,499		$	67,844,067		$	105,444,617

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, 2024 and 2023

	TA Aegon Bond Service Class			TA Aegon Core Bond Service Class			TA Aegon High Yield Bond Initial Class			TA Aegon High Yield Bond Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	480,120,989		$	232,049,154		$	44,804,760		$	111,804,855
Investment Income:
Reinvested Dividends		2,890,295			5,097,451			2,045,842			4,638,520
Investment Expense:
Mortality and Expense Risk and Administrative Charges		6,080,318			2,834,075			672,381			1,497,891
Net Investment Income (Loss)		(3,190,023	)		2,263,376			1,373,461			3,140,629
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(16,293,830	)		(6,266,919	)		(1,002,742	)		(2,782,714)
Net Realized Capital Gains (Losses) on Investments		(16,293,830	)		(6,266,919	)		(1,002,742	)		(2,782,714)
Net Change in Unrealized Appreciation (Depreciation)		40,518,427			13,862,739			3,712,300			9,533,035
Net Gain (Loss) on Investment		24,224,597			7,595,820			2,709,558			6,750,321
Net Increase (Decrease) in Net Assets Resulting from Operations		21,034,574			9,859,196			4,083,019			9,890,950
Increase (Decrease) in Net Assets from Contract Transactions		(53,812,249	)		(13,293,344	)		(2,985,550	)		(8,362,880)
Total Increase (Decrease) in Net Assets		(32,777,675	)		(3,434,148	)		1,097,469			1,528,070
Net Assets as of December 31, 2023:	$	447,343,314		$	228,615,006		$	45,902,229		$	113,332,925
Investment Income:
Reinvested Dividends		16,501,586			10,658,796			2,321,305			5,132,267
Investment Expense:
Mortality and Expense Risk and Administrative Charges		5,619,211			2,784,695			691,718			1,487,289
Net Investment Income (Loss)		10,882,375			7,874,101			1,629,587			3,644,978
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(14,019,706	)		(5,917,544	)		(625,776	)		(1,791,257)
Net Realized Capital Gains (Losses) on Investments		(14,019,706	)		(5,917,544	)		(625,776	)		(1,791,257)
Net Change in Unrealized Appreciation (Depreciation)		5,407,137			(2,118,193	)		1,587,481			4,197,107
Net Gain (Loss) on Investment		(8,612,569	)		(8,035,737	)		961,705			2,405,850
Net Increase (Decrease) in Net Assets Resulting from Operations		2,269,806			(161,636	)		2,591,292			6,050,828
Increase (Decrease) in Net Assets from Contract Transactions		(51,818,644	)		(14,746,176	)		(2,424,642	)		(11,077,773)
Total Increase (Decrease) in Net Assets		(49,548,838	)		(14,907,812	)		166,650			(5,026,945)
Net Assets as of December 31, 2024:	$	397,794,476		$	213,707,194		$	46,068,879		$	108,305,980

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, 2024 and 2023

	TA Aegon Sustainable Equity Income Initial Class			TA Aegon Sustainable Equity Income Service Class			TA Aegon U.S. Government Securities Initial Class			TA Aegon U.S. Government Securities Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	195,736,594		$	112,408,344		$	49,287,955		$	258,621,629
Investment Income:
Reinvested Dividends		3,955,678			1,987,128			849,722			3,298,194
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,696,929			1,442,211			782,566			3,215,045
Net Investment Income (Loss)		1,258,749			544,917			67,156			83,149
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(2,082,675	)		(4,775,751	)		(2,779,480	)		(12,103,539)
Net Realized Capital Gains (Losses) on Investments		(2,082,675	)		(4,775,751	)		(2,779,480	)		(12,103,539)
Net Change in Unrealized Appreciation (Depreciation)		8,602,578			8,599,614			3,823,220			17,846,217
Net Gain (Loss) on Investment		6,519,903			3,823,863			1,043,740			5,742,678
Net Increase (Decrease) in Net Assets Resulting from Operations		7,778,652			4,368,780			1,110,896			5,825,827
Increase (Decrease) in Net Assets from Contract Transactions		(23,082,126	)		(11,849,523	)		(2,742,378	)		(58,549,597)
Total Increase (Decrease) in Net Assets		(15,303,474	)		(7,480,743	)		(1,631,482	)		(52,723,770)
Net Assets as of December 31, 2023:	$	180,433,120		$	104,927,601		$	47,656,473		$	205,897,859
Investment Income:
Reinvested Dividends		3,912,614			1,967,289			1,659,428			5,141,146
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,827,966			1,500,005			745,481			2,362,748
Net Investment Income (Loss)		1,084,648			467,284			913,947			2,778,398
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(107,327	)		(690,432	)		(2,909,695	)		(8,863,664)
Net Realized Capital Gains (Losses) on Investments		(107,327	)		(690,432	)		(2,909,695	)		(8,863,664)
Net Change in Unrealized Appreciation (Depreciation)		25,682,875			15,399,743			1,291,504			4,125,544
Net Gain (Loss) on Investment		25,575,548			14,709,311			(1,618,191	)		(4,738,120)
Net Increase (Decrease) in Net Assets Resulting from Operations		26,660,196			15,176,595			(704,244	)		(1,959,722)
Increase (Decrease) in Net Assets from Contract Transactions		(20,485,299	)		(13,421,992	)		(2,017,843	)		(61,500,440)
Total Increase (Decrease) in Net Assets		6,174,897			1,754,603			(2,722,087	)		(63,460,162)
Net Assets as of December 31, 2024:	$	186,608,017		$	106,682,204		$	44,934,386		$	142,437,697

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 35

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA American Funds Managed Risk - Balanced Service Class			TA BlackRock Government Money Market Initial Class			TA BlackRock Government Money Market Service Class			TA BlackRock iShares Active Asset Allocation - Conservative Service  Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	830,364,161		$	114,067,668		$	621,847,346		$	217,092,082
Investment Income:
Reinvested Dividends		17,557,937			5,467,425			27,669,281			3,055,410
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,526,559			1,833,424			7,880,399			2,654,280
Net Investment Income (Loss)		7,031,378			3,634,001			19,788,882			401,130
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		112,274,146			-			-			-
Realized Gain (Loss) on Investments		5,950,646			-			-			(8,566,332)
Net Realized Capital Gains (Losses) on Investments		118,224,792			-			-			(8,566,332)
Net Change in Unrealized Appreciation (Depreciation)		(55,979,434	)		-			-			25,368,480
Net Gain (Loss) on Investment		62,245,358			-			-			16,802,148
Net Increase (Decrease) in Net Assets Resulting from Operations		69,276,736			3,634,001			19,788,882			17,203,278
Increase (Decrease) in Net Assets from Contract Transactions		(78,859,114	)		(3,632,445	)		(59,673,054	)		(29,300,244)
Total Increase (Decrease) in Net Assets		(9,582,378	)		1,556			(39,884,172	)		(12,096,966)
Net Assets as of December 31, 2023:	$	820,781,783		$	114,069,224		$	581,963,174		$	204,995,116
Investment Income:
Reinvested Dividends		13,001,994			5,432,043			25,081,369			4,339,794
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,814,625			1,813,650			6,992,622			2,498,644
Net Investment Income (Loss)		2,187,369			3,618,393			18,088,747			1,841,150
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		12,307,443			-			-			-
Realized Gain (Loss) on Investments		7,336,366			-			-			(5,237,153)
Net Realized Capital Gains (Losses) on Investments		19,643,809			-			-			(5,237,153)
Net Change in Unrealized Appreciation (Depreciation)		78,785,680			-			-			13,387,066
Net Gain (Loss) on Investment		98,429,489			-			-			8,149,913
Net Increase (Decrease) in Net Assets Resulting from Operations		100,616,858			3,618,393			18,088,747			9,991,063
Increase (Decrease) in Net Assets from Contract Transactions		(117,002,170	)		(12,589,980	)		(114,821,984	)		(30,865,936)
Total Increase (Decrease) in Net Assets		(16,385,312	)		(8,971,587	)		(96,733,237	)		(20,874,873)
Net Assets as of December 31, 2024:	$	804,396,471		$	105,097,637		$	485,229,937		$	184,120,243

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 36

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA BlackRock iShares Active Asset Allocation - Moderate Service Class			TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class			TA BlackRock iShares Dynamic Allocation - Balanced Service Class			TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	854,204,011		$	291,832,011		$	695,481,133		$	293,945,929
Investment Income:
Reinvested Dividends		12,602,777			4,102,617			9,533,569			3,806,899
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,958,613			3,981,214			8,824,859			3,989,577
Net Investment Income (Loss)		1,644,164			121,403			708,710			(182,678)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(29,834,490	)		(8,124,783	)		(22,763,743	)		(6,345,357)
Net Realized Capital Gains (Losses) on Investments		(29,834,490	)		(8,124,783	)		(22,763,743	)		(6,345,357)
Net Change in Unrealized Appreciation (Depreciation)		123,681,049			52,232,593			94,394,008			49,920,328
Net Gain (Loss) on Investment		93,846,559			44,107,810			71,630,265			43,574,971
Net Increase (Decrease) in Net Assets Resulting from Operations		95,490,723			44,229,213			72,338,975			43,392,293
Increase (Decrease) in Net Assets from Contract Transactions		(80,017,878	)		(31,049,176	)		(92,998,692	)		(35,156,526)
Total Increase (Decrease) in Net Assets		15,472,845			13,180,037			(20,659,717	)		8,235,767
Net Assets as of December 31, 2023:	$	869,676,856		$	305,012,048		$	674,821,416		$	302,181,696
Investment Income:
Reinvested Dividends		15,484,201			4,724,959			12,808,522			4,824,690
Investment Expense:
Mortality and Expense Risk and Administrative Charges		11,133,169			4,118,276			8,568,108			4,048,086
Net Investment Income (Loss)		4,351,032			606,683			4,240,414			776,604
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(15,403,827	)		2,297,530			(7,457,067	)		1,886,089
Net Realized Capital Gains (Losses) on Investments		(15,403,827	)		2,297,530			(7,457,067	)		1,886,089
Net Change in Unrealized Appreciation (Depreciation)		74,733,251			29,105,194			50,653,731			28,984,573
Net Gain (Loss) on Investment		59,329,424			31,402,724			43,196,664			30,870,662
Net Increase (Decrease) in Net Assets Resulting from Operations		63,680,456			32,009,407			47,437,078			31,647,266
Increase (Decrease) in Net Assets from Contract Transactions		(112,687,699	)		(45,881,187	)		(99,023,866	)		(48,576,666)
Total Increase (Decrease) in Net Assets		(49,007,243	)		(13,871,780	)		(51,586,788	)		(16,929,400)
Net Assets as of December 31, 2024:	$	820,669,613		$	291,140,268		$	623,234,628		$	285,252,296

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, 2024 and 2023

	TA BlackRock iShares Edge 100 Service Class			TA BlackRock iShares Edge 40 Initial Class			TA BlackRock iShares Edge 40 Service Class			TA BlackRock iShares Edge 50 Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	56,132,454		$	14,849,485		$	202,646,475		$	402,867,449
Investment Income:
Reinvested Dividends		1,097,531			332,680			3,876,104			6,888,928
Investment Expense:
Mortality and Expense Risk and Administrative Charges		660,883			223,693			2,589,871			4,601,143
Net Investment Income (Loss)		436,648			108,987			1,286,233			2,287,785
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		8,473,190			226,256			3,025,086			2,904,660
Realized Gain (Loss) on Investments		30,886			(274,659	)		(2,535,665	)		1,193,048
Net Realized Capital Gains (Losses) on Investments		8,504,076			(48,403	)		489,421			4,097,708
Net Change in Unrealized Appreciation (Depreciation)		(1,785,039	)		1,037,903			12,312,931			25,808,021
Net Gain (Loss) on Investment		6,719,037			989,500			12,802,352			29,905,729
Net Increase (Decrease) in Net Assets Resulting from Operations		7,155,685			1,098,487			14,088,585			32,193,514
Increase (Decrease) in Net Assets from Contract Transactions		(2,145,028	)		(1,155,775	)		(25,847,658	)		(35,907,286)
Total Increase (Decrease) in Net Assets		5,010,657			(57,288	)		(11,759,073	)		(3,713,772)
Net Assets as of December 31, 2023:	$	61,143,111		$	14,792,197		$	190,887,402		$	399,153,677
Investment Income:
Reinvested Dividends		915,057			398,259			4,458,344			8,462,547
Investment Expense:
Mortality and Expense Risk and Administrative Charges		777,725			227,923			2,464,581			4,619,619
Net Investment Income (Loss)		137,332			170,336			1,993,763			3,842,928
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,398,865			222,134			2,759,641			5,604,875
Realized Gain (Loss) on Investments		297,538			(166,170	)		(2,078,164	)		6,829,272
Net Realized Capital Gains (Losses) on Investments		1,696,403			55,964			681,477			12,434,147
Net Change in Unrealized Appreciation (Depreciation)		6,415,197			528,111			6,657,863			9,176,877
Net Gain (Loss) on Investment		8,111,600			584,075			7,339,340			21,611,024
Net Increase (Decrease) in Net Assets Resulting from Operations		8,248,932			754,411			9,333,103			25,453,952
Increase (Decrease) in Net Assets from Contract Transactions		(1,095,738	)		(1,558,131	)		(28,308,549	)		(48,867,664)
Total Increase (Decrease) in Net Assets		7,153,194			(803,720	)		(18,975,446	)		(23,413,712)
Net Assets as of December 31, 2024:	$	68,296,305		$	13,988,477		$	171,911,956		$	375,739,965

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, 2024 and 2023

	TA BlackRock iShares Edge 75 Service Class			TA BlackRock iShares Tactical - Balanced Service Class			TA BlackRock iShares Tactical - Conservative Service Class			TA BlackRock iShares Tactical - Growth Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	141,227,812		$	345,342,124		$	171,599,206		$	219,792,873
Investment Income:
Reinvested Dividends		2,427,572			3,488,240			2,013,988			1,886,064
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,716,611			4,516,270			2,183,229			2,932,533
Net Investment Income (Loss)		710,961			(1,028,030	)		(169,241	)		(1,046,469)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		4,301,488			-			-			-
Realized Gain (Loss) on Investments		1,368,899			(15,030,431	)		(6,689,230	)		(9,094,669)
Net Realized Capital Gains (Losses) on Investments		5,670,387			(15,030,431	)		(6,689,230	)		(9,094,669)
Net Change in Unrealized Appreciation (Depreciation)		7,439,392			45,398,203			16,091,955			35,288,996
Net Gain (Loss) on Investment		13,109,779			30,367,772			9,402,725			26,194,327
Net Increase (Decrease) in Net Assets Resulting from Operations		13,820,740			29,339,742			9,233,484			25,147,858
Increase (Decrease) in Net Assets from Contract Transactions		(20,135,729	)		(41,431,055	)		(19,351,315	)		(28,354,490)
Total Increase (Decrease) in Net Assets		(6,314,989	)		(12,091,313	)		(10,117,831	)		(3,206,632)
Net Assets as of December 31, 2023:	$	134,912,823		$	333,250,811		$	161,481,375		$	216,586,241
Investment Income:
Reinvested Dividends		2,512,493			11,407,153			5,487,206			7,597,682
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,692,389			4,326,040			2,042,452			2,916,210
Net Investment Income (Loss)		820,104			7,081,113			3,444,754			4,681,472
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		3,751,930			-			-			-
Realized Gain (Loss) on Investments		2,534,680			(10,115,524	)		(5,997,278	)		(6,726,142)
Net Realized Capital Gains (Losses) on Investments		6,286,610			(10,115,524	)		(5,997,278	)		(6,726,142)
Net Change in Unrealized Appreciation (Depreciation)		5,769,556			25,683,095			9,841,125			22,874,924
Net Gain (Loss) on Investment		12,056,166			15,567,571			3,843,847			16,148,782
Net Increase (Decrease) in Net Assets Resulting from Operations		12,876,270			22,648,684			7,288,601			20,830,254
Increase (Decrease) in Net Assets from Contract Transactions		(16,252,956	)		(54,981,244	)		(26,500,132	)		(35,259,688)
Total Increase (Decrease) in Net Assets		(3,376,686	)		(32,332,560	)		(19,211,531	)		(14,429,434)
Net Assets as of December 31, 2024:	$	131,536,137		$	300,918,251		$	142,269,844		$	202,156,807

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 39

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA BlackRock Real Estate Securities Initial Class			TA BlackRock Real Estate Securities Service Class			TA BlackRock Tactical Allocation Service Class			TA Goldman Sachs 70/30 Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	23,221,304		$	63,353,865		$	838,532,604		$	2,239,896
Investment Income:
Reinvested Dividends		1,335,730			3,280,921			20,235,851			44,663
Investment Expense:
Mortality and Expense Risk and Administrative Charges		336,122			845,004			11,325,754			32,302
Net Investment Income (Loss)		999,608			2,435,917			8,910,097			12,361
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			30,016,208			49,084
Realized Gain (Loss) on Investments		(1,126,945	)		(3,283,367	)		(26,470,145	)		(33,901)
Net Realized Capital Gains (Losses) on Investments		(1,126,945	)		(3,283,367	)		3,546,063			15,183
Net Change in Unrealized Appreciation (Depreciation)		2,623,883			7,832,949			90,342,079			384,812
Net Gain (Loss) on Investment		1,496,938			4,549,582			93,888,142			399,995
Net Increase (Decrease) in Net Assets Resulting from Operations		2,496,546			6,985,499			102,798,239			412,356
Increase (Decrease) in Net Assets from Contract Transactions		(2,098,887	)		(4,431,360	)		(119,981,218	)		1,434,179
Total Increase (Decrease) in Net Assets		397,659			2,554,139			(17,182,979	)		1,846,535
Net Assets as of December 31, 2023:	$	23,618,963		$	65,908,004		$	821,349,625		$	4,086,431
Investment Income:
Reinvested Dividends		499,005			1,116,325			11,985,078			65,676
Investment Expense:
Mortality and Expense Risk and Administrative Charges		347,438			862,483			11,063,829			60,956
Net Investment Income (Loss)		151,567			253,842			921,249			4,720
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			92,097
Realized Gain (Loss) on Investments		(716,634	)		(2,275,109	)		(8,881,823	)		(5,710)
Net Realized Capital Gains (Losses) on Investments		(716,634	)		(2,275,109	)		(8,881,823	)		86,387
Net Change in Unrealized Appreciation (Depreciation)		532,361			1,911,682			91,870,231			407,880
Net Gain (Loss) on Investment		(184,273	)		(363,427	)		82,988,408			494,267
Net Increase (Decrease) in Net Assets Resulting from Operations		(32,706	)		(109,585	)		83,909,657			498,987
Increase (Decrease) in Net Assets from Contract Transactions		(1,446,939	)		(5,305,301	)		(152,673,261	)		1,688,230
Total Increase (Decrease) in Net Assets		(1,479,645	)		(5,414,886	)		(68,763,604	)		2,187,217
Net Assets as of December 31, 2024:	$	22,139,318		$	60,493,118		$	752,586,021		$	6,273,648

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 40

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA Goldman Sachs Managed Risk - Balanced ETF Service Class			TA Goldman Sachs Managed Risk - Conservative ETF Service Class			TA Goldman Sachs Managed Risk - Growth ETF Service Class			TA Great Lakes Advisors Large Cap Value Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	3,853,036,450		$	437,958,614		$	1,689,317,039		$	51,430,920
Investment Income:
Reinvested Dividends		56,017,386			7,452,944			24,275,331			454,942
Investment Expense:
Mortality and Expense Risk and Administrative Charges		47,195,863			5,302,320			22,307,753			651,152
Net Investment Income (Loss)		8,821,523			2,150,624			1,967,578			(196,210)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		258,842,297			19,951,464			44,423,350			2,423,096
Realized Gain (Loss) on Investments		(19,620,853	)		(5,310,130	)		(10,640,047	)		796,720
Net Realized Capital Gains (Losses) on Investments		239,221,444			14,641,334			33,783,303			3,219,816
Net Change in Unrealized Appreciation (Depreciation)		175,674,636			20,269,228			218,732,306			2,601,245
Net Gain (Loss) on Investment		414,896,080			34,910,562			252,515,609			5,821,061
Net Increase (Decrease) in Net Assets Resulting from Operations		423,717,603			37,061,186			254,483,187			5,624,851
Increase (Decrease) in Net Assets from Contract Transactions		(471,808,901	)		(57,946,852	)		(224,060,817	)		(3,202,794)
Total Increase (Decrease) in Net Assets		(48,091,298	)		(20,885,666	)		30,422,370			2,422,057
Net Assets as of December 31, 2023:	$	3,804,945,152		$	417,072,948		$	1,719,739,409		$	53,852,977
Investment Income:
Reinvested Dividends		80,071,661			9,589,545			30,328,607			539,350
Investment Expense:
Mortality and Expense Risk and Administrative Charges		45,939,508			4,976,196			22,385,723			763,878
Net Investment Income (Loss)		34,132,153			4,613,349			7,942,884			(224,528)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		42,730,693			15,127,490			20,394,381			2,722,542
Realized Gain (Loss) on Investments		15,036,899			(2,986,926	)		49,512,240			1,503,177
Net Realized Capital Gains (Losses) on Investments		57,767,592			12,140,564			69,906,621			4,225,719
Net Change in Unrealized Appreciation (Depreciation)		185,071,643			4,028,523			111,911,006			4,351,041
Net Gain (Loss) on Investment		242,839,235			16,169,087			181,817,627			8,576,760
Net Increase (Decrease) in Net Assets Resulting from Operations		276,971,388			20,782,436			189,760,511			8,352,232
Increase (Decrease) in Net Assets from Contract Transactions		(594,290,051	)		(66,689,287	)		(299,619,064	)		1,437,320
Total Increase (Decrease) in Net Assets		(317,318,663	)		(45,906,851	)		(109,858,553	)		9,789,552
Net Assets as of December 31, 2024:	$	3,487,626,489		$	371,166,097		$	1,609,880,856		$	63,642,529

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 41

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA International Focus Initial Class			TA International Focus Service Class			TA Janus Balanced Service Class			TA Janus Mid-Cap Growth Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	56,973,368		$	88,745,241		$	820,625,445		$	60,568,907
Investment Income:
Reinvested Dividends		1,141,373			1,535,598			9,308,739			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		852,134			1,163,666			11,116,012			960,155
Net Investment Income (Loss)		289,239			371,932			(1,807,273	)		(960,155)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			23,962,260			11,217,967
Realized Gain (Loss) on Investments		(694,627	)		(545,861	)		14,984,453			591,946
Net Realized Capital Gains (Losses) on Investments		(694,627	)		(545,861	)		38,946,713			11,809,913
Net Change in Unrealized Appreciation (Depreciation)		6,343,695			9,213,517			66,855,234			(1,895,592)
Net Gain (Loss) on Investment		5,649,068			8,667,656			105,801,947			9,914,321
Net Increase (Decrease) in Net Assets Resulting from Operations		5,938,307			9,039,588			103,994,674			8,954,166
Increase (Decrease) in Net Assets from Contract Transactions		(4,389,063	)		(9,824,790	)		(94,674,499	)		(3,653,758)
Total Increase (Decrease) in Net Assets		1,549,244			(785,202	)		9,320,175			5,300,408
Net Assets as of December 31, 2023:	$	58,522,612		$	87,960,039		$	829,945,620		$	65,869,315
Investment Income:
Reinvested Dividends		1,359,571			1,854,701			13,984,003			85,188
Investment Expense:
Mortality and Expense Risk and Administrative Charges		889,376			1,166,218			11,216,755			1,002,955
Net Investment Income (Loss)		470,195			688,483			2,767,248			(917,767)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,872,227			2,857,242			19,039,404			3,809,565
Realized Gain (Loss) on Investments		(275,704	)		678,527			29,575,451			(453,620)
Net Realized Capital Gains (Losses) on Investments		1,596,523			3,535,769			48,614,855			3,355,945
Net Change in Unrealized Appreciation (Depreciation)		(3,293,551	)		(6,184,578	)		52,625,926			5,448,917
Net Gain (Loss) on Investment		(1,697,028	)		(2,648,809	)		101,240,781			8,804,862
Net Increase (Decrease) in Net Assets Resulting from Operations		(1,226,833	)		(1,960,326	)		104,008,029			7,887,095
Increase (Decrease) in Net Assets from Contract Transactions		(3,641,707	)		(5,070,943	)		(141,386,089	)		(9,270,549)
Total Increase (Decrease) in Net Assets		(4,868,540	)		(7,031,269	)		(37,378,060	)		(1,383,454)
Net Assets as of December 31, 2024:	$	53,654,072		$	80,928,770		$	792,567,560		$	64,485,861

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 42

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA Janus Mid-Cap Growth Service Class			TA JPMorgan Asset Allocation - Conservative Initial Class			TA JPMorgan Asset Allocation - Conservative Service Class			TA JPMorgan Asset Allocation - Growth Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	157,131,166		$	110,777,412		$	674,855,947		$	202,466,102
Investment Income:
Reinvested Dividends		-			2,490,441			12,497,614			3,649,330
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,159,605			1,725,296			8,403,113			3,276,912
Net Investment Income (Loss)		(2,159,605	)		765,145			4,094,501			372,418
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		30,995,444			-			-			2,974,335
Realized Gain (Loss) on Investments		(3,288,719	)		(5,364,202	)		(30,649,538	)		(4,496,223)
Net Realized Capital Gains (Losses) on Investments		27,706,725			(5,364,202	)		(30,649,538	)		(1,521,888)
Net Change in Unrealized Appreciation (Depreciation)		(2,007,116	)		9,994,300			58,748,890			37,474,287
Net Gain (Loss) on Investment		25,699,609			4,630,098			28,099,352			35,952,399
Net Increase (Decrease) in Net Assets Resulting from Operations		23,540,004			5,395,243			32,193,853			36,324,817
Increase (Decrease) in Net Assets from Contract Transactions		(5,697,749	)		(9,211,428	)		(93,331,999	)		(12,981,151)
Total Increase (Decrease) in Net Assets		17,842,255			(3,816,185	)		(61,138,146	)		23,343,666
Net Assets as of December 31, 2023:	$	174,973,421		$	106,961,227		$	613,717,801		$	225,809,768
Investment Income:
Reinvested Dividends		-			2,124,658			10,262,375			3,173,397
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,433,811			1,690,568			7,766,154			3,714,855
Net Investment Income (Loss)		(2,433,811	)		434,090			2,496,221			(541,458)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		12,065,214			-			-			4,425,570
Realized Gain (Loss) on Investments		(6,081,884	)		(3,547,912	)		(20,264,359	)		(1,749,628)
Net Realized Capital Gains (Losses) on Investments		5,983,330			(3,547,912	)		(20,264,359	)		2,675,942
Net Change in Unrealized Appreciation (Depreciation)		18,239,988			7,315,849			41,764,291			29,821,203
Net Gain (Loss) on Investment		24,223,318			3,767,937			21,499,932			32,497,145
Net Increase (Decrease) in Net Assets Resulting from Operations		21,789,507			4,202,027			23,996,153			31,955,687
Increase (Decrease) in Net Assets from Contract Transactions		(10,049,634	)		(8,613,787	)		(92,187,139	)		(18,111,509)
Total Increase (Decrease) in Net Assets		11,739,873			(4,411,760	)		(68,190,986	)		13,844,178
Net Assets as of December 31, 2024:	$	186,713,294		$	102,549,467		$	545,526,815		$	239,653,946

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 43

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA JPMorgan Asset Allocation - Growth Service Class Subaccount			TA JPMorgan Asset Allocation - Moderate Initial Class Subaccount			TA JPMorgan Asset Allocation - Moderate Service Class Subaccount			TA JPMorgan Asset Allocation - Moderate Growth Initial Class Subaccount
Net Assets as of December 31, 2022:	$	198,045,724		$	250,311,461		$	4,582,904,477		$	362,843,518
Investment Income:
Reinvested Dividends		3,058,733			5,147,799			81,226,292			7,070,209
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,743,740			3,849,957			55,968,671			5,551,652
Net Investment Income (Loss)		314,993			1,297,842			25,257,621			1,518,557
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,946,566			1,858,995			33,941,306			15,646,665
Realized Gain (Loss) on Investments		(8,715,163	)		(6,372,178	)		(99,739,400	)		(12,083,754)
Net Realized Capital Gains (Losses) on Investments		(5,768,597	)		(4,513,183	)		(65,798,094	)		3,562,911
Net Change in Unrealized Appreciation (Depreciation)		40,244,548			20,760,768			357,551,050			30,922,998
Net Gain (Loss) on Investment		34,475,951			16,247,585			291,752,956			34,485,909
Net Increase (Decrease) in Net Assets Resulting from Operations		34,790,944			17,545,427			317,010,577			36,004,466
Increase (Decrease) in Net Assets from Contract Transactions		(15,060,452	)		(16,267,934	)		(476,606,628	)		(32,642,186)
Total Increase (Decrease) in Net Assets		19,730,492			1,277,493			(159,596,051	)		3,362,280
Net Assets as of December 31, 2023:	$	217,776,216		$	251,588,954		$	4,423,308,426		$	366,205,798
Investment Income:
Reinvested Dividends		2,607,769			4,004,409			57,871,142			4,452,540
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,119,240			4,044,944			54,778,429			5,751,147
Net Investment Income (Loss)		(511,471	)		(40,535	)		3,092,713			(1,298,607)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		4,348,962			-			-			-
Realized Gain (Loss) on Investments		(2,977,051	)		(3,197,697	)		(68,935,057	)		(7,249,792)
Net Realized Capital Gains (Losses) on Investments		1,371,911			(3,197,697	)		(68,935,057	)		(7,249,792)
Net Change in Unrealized Appreciation (Depreciation)		30,200,897			18,759,655			335,550,516			41,559,658
Net Gain (Loss) on Investment		31,572,808			15,561,958			266,615,459			34,309,866
Net Increase (Decrease) in Net Assets Resulting from Operations		31,061,337			15,521,423			269,708,172			33,011,259
Increase (Decrease) in Net Assets from Contract Transactions		(17,280,571	)		(19,830,646	)		(579,894,295	)		(40,669,838)
Total Increase (Decrease) in Net Assets		13,780,766			(4,309,223	)		(310,186,123	)		(7,658,579)
Net Assets as of December 31, 2024:	$	231,556,982		$	247,279,731		$	4,113,122,303		$	358,547,219

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 44

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA JPMorgan Asset Allocation - Moderate Growth Service Class Subaccount			TA JPMorgan Enhanced Index Initial Class Subaccount			TA JPMorgan Enhanced Index Service Class Subaccount			TA JPMorgan International Moderate Growth Initial Class Subaccount
Net Assets as of December 31, 2022:	$	2,406,528,834		$	114,567,030		$	90,422,301		$	101,768
Investment Income:
Reinvested Dividends		39,929,255			1,010,755			602,033			1,705
Investment Expense:
Mortality and Expense Risk and Administrative Charges		32,757,662			1,885,597			1,339,412			468
Net Investment Income (Loss)		7,171,593			(874,842	)		(737,379	)		1,237
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		103,272,522			5,814,717			4,848,237			-
Realized Gain (Loss) on Investments		(80,451,847	)		1,762,377			35,619			(28)
Net Realized Capital Gains (Losses) on Investments		22,820,675			7,577,094			4,883,856			(28)
Net Change in Unrealized Appreciation (Depreciation)		197,490,469			21,727,761			18,590,703			7,572
Net Gain (Loss) on Investment		220,311,144			29,304,855			23,474,559			7,544
Net Increase (Decrease) in Net Assets Resulting from Operations		227,482,737			28,430,013			22,737,180			8,781
Increase (Decrease) in Net Assets from Contract Transactions		(325,623,391	)		(6,772,669	)		(84,940	)		(1,469)
Total Increase (Decrease) in Net Assets		(98,140,654	)		21,657,344			22,652,240			7,312
Net Assets as of December 31, 2023:	$	2,308,388,180		$	136,224,374		$	113,074,541		$	109,080
Investment Income:
Reinvested Dividends		21,700,737			1,000,548			611,166			2,746
Investment Expense:
Mortality and Expense Risk and Administrative Charges		31,994,054			2,336,705			1,709,922			510
Net Investment Income (Loss)		(10,293,317	)		(1,336,157	)		(1,098,756	)		2,236
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			4,931,195			4,222,050			-
Realized Gain (Loss) on Investments		(66,329,814	)		5,557,428			5,136,947			59
Net Realized Capital Gains (Losses) on Investments		(66,329,814	)		10,488,623			9,358,997			59
Net Change in Unrealized Appreciation (Depreciation)		276,774,353			20,832,265			16,798,309			(589)
Net Gain (Loss) on Investment		210,444,539			31,320,888			26,157,306			(530)
Net Increase (Decrease) in Net Assets Resulting from Operations		200,151,222			29,984,731			25,058,550			1,706
Increase (Decrease) in Net Assets from Contract Transactions		(379,826,336	)		(11,210,858	)		1,286,758			1,813
Total Increase (Decrease) in Net Assets		(179,675,114	)		18,773,873			26,345,308			3,519
Net Assets as of December 31, 2024:	$	2,128,713,066		$	154,998,247		$	139,419,849		$	112,599

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 45

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA JPMorgan International Moderate Growth Service Class			TA JPMorgan Tactical Allocation Service Class			TA Madison Diversified Income Service Class			TA Market Participation Strategy Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	377,974,105		$	943,736,725		$	137,324,787		$	312,480,977
Investment Income:
Reinvested Dividends		4,808,457			13,893,321			2,528,436			1,222,111
Investment Expense:
Mortality and Expense Risk and Administrative Charges		5,087,824			11,030,763			1,673,810			4,170,377
Net Investment Income (Loss)		(279,367	)		2,862,558			854,626			(2,948,266)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			5,655,800			-
Realized Gain (Loss) on Investments		(3,188,051	)		(18,582,849	)		(3,677,976	)		(11,864,801)
Net Realized Capital Gains (Losses) on Investments		(3,188,051	)		(18,582,849	)		1,977,824			(11,864,801)
Net Change in Unrealized Appreciation (Depreciation)		28,306,468			79,022,706			152,737			43,888,298
Net Gain (Loss) on Investment		25,118,417			60,439,857			2,130,561			32,023,497
Net Increase (Decrease) in Net Assets Resulting from Operations		24,839,050			63,302,415			2,985,187			29,075,231
Increase (Decrease) in Net Assets from Contract Transactions		(49,624,166	)		(101,223,052	)		(16,446,890	)		(39,981,762)
Total Increase (Decrease) in Net Assets		(24,785,116	)		(37,920,637	)		(13,461,703	)		(10,906,531)
Net Assets as of December 31, 2023:	$	353,188,989		$	905,816,088		$	123,863,084		$	301,574,446
Investment Income:
Reinvested Dividends		6,983,489			20,013,621			2,884,866			4,459,156
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,725,308			10,446,490			1,522,417			4,098,208
Net Investment Income (Loss)		2,258,181			9,567,131			1,362,449			360,948
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(4,037,184	)		(10,788,489	)		(4,275,485	)		(6,862,982)
Net Realized Capital Gains (Losses) on Investments		(4,037,184	)		(10,788,489	)		(4,275,485	)		(6,862,982)
Net Change in Unrealized Appreciation (Depreciation)		4,325,589			25,843,329			5,363,563			44,049,838
Net Gain (Loss) on Investment		288,405			15,054,840			1,088,078			37,186,856
Net Increase (Decrease) in Net Assets Resulting from Operations		2,546,586			24,621,971			2,450,527			37,547,804
Increase (Decrease) in Net Assets from Contract Transactions		(50,925,782	)		(124,313,901	)		(18,205,139	)		(55,874,501)
Total Increase (Decrease) in Net Assets		(48,379,196	)		(99,691,930	)		(15,754,612	)		(18,326,697)
Net Assets as of December 31, 2024:	$	304,809,793		$	806,124,158		$	108,108,472		$	283,247,749

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 46

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	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, 2022:	$	801,306,383		$	213,130,058		$	53,843,555		$	78,313,346
Investment Income:
Reinvested Dividends		-			39,148,042			1,355,337			1,338,057
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,712,229			2,663,275			779,707			1,260,334
Net Investment Income (Loss)		(10,712,229	)		36,484,767			575,630			77,723
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		28,276,029			-			-			2,827,998
Realized Gain (Loss) on Investments		(16,308,774	)		(7,968,396	)		895,589			57,336
Net Realized Capital Gains (Losses) on Investments		11,967,255			(7,968,396	)		895,589			2,885,334
Net Change in Unrealized Appreciation (Depreciation)		88,162,161			(13,424,565	)		7,094,512			10,121,317
Net Gain (Loss) on Investment		100,129,416			(21,392,961	)		7,990,101			13,006,651
Net Increase (Decrease) in Net Assets Resulting from Operations		89,417,187			15,091,806			8,565,731			13,084,374
Increase (Decrease) in Net Assets from Contract Transactions		(116,019,048	)		(20,356,562	)		928,138			(1,569,002)
Total Increase (Decrease) in Net Assets		(26,601,861	)		(5,264,756	)		9,493,869			11,515,372
Net Assets as of December 31, 2023:	$	774,704,522		$	207,865,302		$	63,337,424		$	89,828,718
Investment Income:
Reinvested Dividends		33,598,918			-			1,692,815			1,804,022
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,184,604			2,579,700			960,714			1,422,485
Net Investment Income (Loss)		23,414,314			(2,579,700	)		732,101			381,537
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			3,932,012
Realized Gain (Loss) on Investments		(6,583,876	)		(12,989,977	)		1,406,854			1,229,470
Net Realized Capital Gains (Losses) on Investments		(6,583,876	)		(12,989,977	)		1,406,854			5,161,482
Net Change in Unrealized Appreciation (Depreciation)		23,293,921			23,158,088			(1,428,939	)		5,925,327
Net Gain (Loss) on Investment		16,710,045			10,168,111			(22,085	)		11,086,809
Net Increase (Decrease) in Net Assets Resulting from Operations		40,124,359			7,588,411			710,016			11,468,346
Increase (Decrease) in Net Assets from Contract Transactions		(126,425,465	)		(27,285,507	)		10,486,466			(8,994,868)
Total Increase (Decrease) in Net Assets		(86,301,106	)		(19,697,096	)		11,196,482			2,473,478
Net Assets as of December 31, 2024:	$	688,403,416		$	188,168,206		$	74,533,906		$	92,302,196

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 47

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA Multi-Managed Balanced Service Class			TA PineBridge Inflation Opportunities Service Class			TA ProFunds UltraBear Service Class (OAM)			TA S&P 500 Index Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	1,047,886,498		$	131,701,424		$	-		$	625,896
Investment Income:
Reinvested Dividends		14,041,579			6,346,912			-			10,046
Investment Expense:
Mortality and Expense Risk and Administrative Charges		13,492,894			1,625,642			-			2,563
Net Investment Income (Loss)		548,685			4,721,270			-			7,483
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		35,913,622			-			-			11,891
Realized Gain (Loss) on Investments		8,277,038			(1,147,426	)		-			28,679
Net Realized Capital Gains (Losses) on Investments		44,190,660			(1,147,426	)		-			40,570
Net Change in Unrealized Appreciation (Depreciation)		119,605,595			1,142,907			-			201,660
Net Gain (Loss) on Investment		163,796,255			(4,519	)		-			242,230
Net Increase (Decrease) in Net Assets Resulting from Operations		164,344,940			4,716,751			-			249,713
Increase (Decrease) in Net Assets from Contract Transactions		(154,704,937	)		(23,546,682	)		-			851,224
Total Increase (Decrease) in Net Assets		9,640,003			(18,829,931	)		-			1,100,937
Net Assets as of December 31, 2023:	$	1,057,526,501		$	112,871,493		$	-		$	1,726,833
Investment Income:
Reinvested Dividends		17,460,022			3,328,168			343,149			62,759
Investment Expense:
Mortality and Expense Risk and Administrative Charges		13,332,613			1,375,732			71,600			15,972
Net Investment Income (Loss)		4,127,409			1,952,436			271,549			46,787
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		43,790,466			-			-			125,929
Realized Gain (Loss) on Investments		32,432,732			(1,596,953	)		(327,555	)		101,342
Net Realized Capital Gains (Losses) on Investments		76,223,198			(1,596,953	)		(327,555	)		227,271
Net Change in Unrealized Appreciation (Depreciation)		48,983,135			64,153			(999,201	)		680,024
Net Gain (Loss) on Investment		125,206,333			(1,532,800	)		(1,326,756	)		907,295
Net Increase (Decrease) in Net Assets Resulting from Operations		129,333,742			419,636			(1,055,207	)		954,082
Increase (Decrease) in Net Assets from Contract Transactions		(220,713,065	)		(22,673,578	)		11,307,624			10,285,318
Total Increase (Decrease) in Net Assets		(91,379,323	)		(22,253,942	)		10,252,417			11,239,400
Net Assets as of December 31, 2024:	$	966,147,178		$	90,617,551		$	10,252,417		$	12,966,233

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 48

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA S&P 500 Index Service Class			TA Small/Mid Cap Value Initial Class			TA Small/Mid Cap Value Service Class			TA T. Rowe Price Small Cap Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	356,036,035		$	88,179,355		$	166,821,675		$	93,280,357
Investment Income:
Reinvested Dividends		4,027,695			905,596			1,394,174			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		5,676,502			1,254,553			2,230,031			1,462,945
Net Investment Income (Loss)		(1,648,807	)		(348,957	)		(835,857	)		(1,462,945)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		5,873,145			8,329,557			17,045,683			3,890,486
Realized Gain (Loss) on Investments		12,521,997			(380,934	)		(1,018,375	)		(4,350,531)
Net Realized Capital Gains (Losses) on Investments		18,395,142			7,948,623			16,027,308			(460,045)
Net Change in Unrealized Appreciation (Depreciation)		72,744,228			1,222,635			2,070,200			19,337,407
Net Gain (Loss) on Investment		91,139,370			9,171,258			18,097,508			18,877,362
Net Increase (Decrease) in Net Assets Resulting from Operations		89,490,563			8,822,301			17,261,651			17,414,417
Increase (Decrease) in Net Assets from Contract Transactions		45,056,033			(8,416,760	)		(6,900,398	)		(5,718,745)
Total Increase (Decrease) in Net Assets		134,546,596			405,541			10,361,253			11,695,672
Net Assets as of December 31, 2023:	$	490,582,631		$	88,584,896		$	177,182,928		$	104,976,029
Investment Income:
Reinvested Dividends		4,737,646			815,488			1,359,602			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		8,313,950			1,280,857			2,402,079			1,630,721
Net Investment Income (Loss)		(3,576,304	)		(465,369	)		(1,042,477	)		(1,630,721)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		11,565,351			2,729,030			5,967,039			3,782,213
Realized Gain (Loss) on Investments		26,278,019			359,162			1,335,821			(4,617,580)
Net Realized Capital Gains (Losses) on Investments		37,843,370			3,088,192			7,302,860			(835,367)
Net Change in Unrealized Appreciation (Depreciation)		84,562,101			3,608,294			6,199,076			13,846,074
Net Gain (Loss) on Investment		122,405,471			6,696,486			13,501,936			13,010,707
Net Increase (Decrease) in Net Assets Resulting from Operations		118,829,167			6,231,117			12,459,459			11,379,986
Increase (Decrease) in Net Assets from Contract Transactions		114,074,186			(10,160,543	)		(8,813,166	)		(12,932,916)
Total Increase (Decrease) in Net Assets		232,903,353			(3,929,426	)		3,646,293			(1,552,930)
Net Assets as of December 31, 2024:	$	723,485,984		$	84,655,470		$	180,829,221		$	103,423,099

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 49

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA T. Rowe Price Small Cap Service Class			TA TSW International Equity Initial Class			TA TSW International Equity Service Class			TA TSW Mid Cap Value Opportunities Service Class
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	290,913,475		$	62,144,473		$	48,319,769		$	224,237,611
Investment Income:
Reinvested Dividends		-			713,726			420,405			2,680,841
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,999,419			982,418			670,687			2,885,545
Net Investment Income (Loss)		(3,999,419	)		(268,692	)		(250,282	)		(204,704)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		14,026,606			-			-			20,208,963
Realized Gain (Loss) on Investments		(25,436,896	)		752,302			222,048			(5,228,657)
Net Realized Capital Gains (Losses) on Investments		(11,410,290	)		752,302			222,048			14,980,306
Net Change in Unrealized Appreciation (Depreciation)		69,658,782			7,802,066			6,504,880			3,670,652
Net Gain (Loss) on Investment		58,248,492			8,554,368			6,726,928			18,650,958
Net Increase (Decrease) in Net Assets Resulting from Operations		54,249,073			8,285,676			6,476,646			18,446,254
Increase (Decrease) in Net Assets from Contract Transactions		(15,547,030	)		(2,752,896	)		(2,235,960	)		(22,123,814)
Total Increase (Decrease) in Net Assets		38,702,043			5,532,780			4,240,686			(3,677,560)
Net Assets as of December 31, 2023:	$	329,615,518		$	67,677,253		$	52,560,455		$	220,560,051
Investment Income:
Reinvested Dividends		-			1,922,400			1,438,250			2,681,831
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,585,561			1,000,429			698,714			2,959,991
Net Investment Income (Loss)		(4,585,561	)		921,971			739,536			(278,160)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		14,455,337			-			-			35,950,484
Realized Gain (Loss) on Investments		(22,279,664	)		969,839			1,494,874			(2,692,722)
Net Realized Capital Gains (Losses) on Investments		(7,824,327	)		969,839			1,494,874			33,257,762
Net Change in Unrealized Appreciation (Depreciation)		48,469,270			(654,582	)		(1,256,653	)		(18,661,826)
Net Gain (Loss) on Investment		40,644,943			315,257			238,221			14,595,936
Net Increase (Decrease) in Net Assets Resulting from Operations		36,059,382			1,237,228			977,757			14,317,776
Increase (Decrease) in Net Assets from Contract Transactions		(16,914,439	)		(5,745,219	)		(3,199,530	)		(24,161,336)
Total Increase (Decrease) in Net Assets		19,144,943			(4,507,991	)		(2,221,773	)		(9,843,560)
Net Assets as of December 31, 2024:	$	348,760,461		$	63,169,262		$	50,338,682		$	210,716,491

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 50

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	TA WMC US Growth Initial Class			TA WMC US Growth Service Class			Vanguard® Balanced			Vanguard® Capital Growth
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	332,806,510		$	224,156,846		$	22,168,437		$	2,355,791
Investment Income:
Reinvested Dividends		236,379			-			576,525			28,858
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,987,265			7,072,709			466,711			8,643
Net Investment Income (Loss)		(7,750,886	)		(7,072,709	)		109,814			20,215
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		16,647,315			19,804,605			1,117,256			139,028
Realized Gain (Loss) on Investments		2,790,130			(3,391,561	)		(663,710	)		(105,525)
Net Realized Capital Gains (Losses) on Investments		19,437,445			16,413,044			453,546			33,503
Net Change in Unrealized Appreciation (Depreciation)		157,291,632			159,079,844			3,158,654			659,763
Net Gain (Loss) on Investment		176,729,077			175,492,888			3,612,200			693,266
Net Increase (Decrease) in Net Assets Resulting from Operations		168,978,191			168,420,179			3,722,014			713,481
Increase (Decrease) in Net Assets from Contract Transactions		145,943,096			351,415,773			10,138,479			417,482
Total Increase (Decrease) in Net Assets		314,921,287			519,835,952			13,860,493			1,130,963
Net Assets as of December 31, 2023:	$	647,727,797		$	743,992,798		$	36,028,930		$	3,486,754
Investment Income:
Reinvested Dividends		78,663			-			896,170			42,280
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,924,346			10,913,481			633,914			11,846
Net Investment Income (Loss)		(10,845,683	)		(10,913,481	)		262,256			30,434
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		64,061,504			79,179,709			1,938,245			77,282
Realized Gain (Loss) on Investments		19,897,542			14,955,090			(665,692	)		18,363
Net Realized Capital Gains (Losses) on Investments		83,959,046			94,134,799			1,272,553			95,645
Net Change in Unrealized Appreciation (Depreciation)		94,710,257			111,729,173			3,307,806			327,943
Net Gain (Loss) on Investment		178,669,303			205,863,972			4,580,359			423,588
Net Increase (Decrease) in Net Assets Resulting from Operations		167,823,620			194,950,491			4,842,615			454,022
Increase (Decrease) in Net Assets from Contract Transactions		(77,606,199	)		(70,491,881	)		5,221,085			247,441
Total Increase (Decrease) in Net Assets		90,217,421			124,458,610			10,063,700			701,463
Net Assets as of December 31, 2024:	$	737,945,218		$	868,451,408		$	46,092,630		$	4,188,217

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 51

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	Vanguard® Conservative Allocation			Vanguard® Diversified Value			Vanguard® Equity Income			Vanguard® Equity Index
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	9,474,948		$	1,704,817		$	2,168,634		$	12,705,695
Investment Income:
Reinvested Dividends		201,342			26,164			62,472			197,487
Investment Expense:
Mortality and Expense Risk and Administrative Charges		158,952			6,098			6,585			55,941
Net Investment Income (Loss)		42,390			20,066			55,887			141,546
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		260,596			99,456			122,138			437,389
Realized Gain (Loss) on Investments		(85,926	)		(5,750	)		(77,588	)		140,189
Net Realized Capital Gains (Losses) on Investments		174,670			93,706			44,550			577,578
Net Change in Unrealized Appreciation (Depreciation)		950,618			290,147			95,389			2,716,178
Net Gain (Loss) on Investment		1,125,288			383,853			139,939			3,293,756
Net Increase (Decrease) in Net Assets Resulting from Operations		1,167,678			403,919			195,826			3,435,302
Increase (Decrease) in Net Assets from Contract Transactions		1,984,535			612,140			458,485			959,975
Total Increase (Decrease) in Net Assets		3,152,213			1,016,059			654,311			4,395,277
Net Assets as of December 31, 2023:	$	12,627,161		$	2,720,876		$	2,822,945		$	17,100,972
Investment Income:
Reinvested Dividends		362,746			47,573			79,181			244,391
Investment Expense:
Mortality and Expense Risk and Administrative Charges		205,123			9,050			8,860			67,615
Net Investment Income (Loss)		157,623			38,523			70,321			176,776
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		307,466			171,950			166,917			698,698
Realized Gain (Loss) on Investments		(108,813	)		7,671			(74,521	)		325,343
Net Realized Capital Gains (Losses) on Investments		198,653			179,621			92,396			1,024,041
Net Change in Unrealized Appreciation (Depreciation)		454,509			188,562			215,429			2,881,847
Net Gain (Loss) on Investment		653,162			368,183			307,825			3,905,888
Net Increase (Decrease) in Net Assets Resulting from Operations		810,785			406,706			378,146			4,082,664
Increase (Decrease) in Net Assets from Contract Transactions		2,633,422			(32,002	)		1,201,499			(1,416,922)
Total Increase (Decrease) in Net Assets		3,444,207			374,704			1,579,645			2,665,742
Net Assets as of December 31, 2024:	$	16,071,368		$	3,095,580		$	4,402,590		$	19,766,714

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 52

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	Vanguard® Global Bond Index			Vanguard® Growth			Vanguard® High Yield Bond			Vanguard® International
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	792,449		$	3,179,060		$	1,230,611		$	5,871,484
Investment Income:
Reinvested Dividends		15,225			9,319			65,301			96,014
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,275			12,060			4,284			35,465
Net Investment Income (Loss)		12,950			(2,741	)		61,017			60,549
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,326			-			-			207,036
Realized Gain (Loss) on Investments		(8,618	)		(346,738	)		(8,666	)		(722,221)
Net Realized Capital Gains (Losses) on Investments		(7,292	)		(346,738	)		(8,666	)		(515,185)
Net Change in Unrealized Appreciation (Depreciation)		48,722			1,653,619			138,695			1,320,339
Net Gain (Loss) on Investment		41,430			1,306,881			130,029			805,154
Net Increase (Decrease) in Net Assets Resulting from Operations		54,380			1,304,140			191,046			865,703
Increase (Decrease) in Net Assets from Contract Transactions		211,475			437,001			711,917			929,356
Total Increase (Decrease) in Net Assets		265,855			1,741,141			902,963			1,795,059
Net Assets as of December 31, 2023:	$	1,058,304		$	4,920,201		$	2,133,574		$	7,666,543
Investment Income:
Reinvested Dividends		31,168			15,715			122,085			95,837
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,437			21,574			7,640			42,558
Net Investment Income (Loss)		27,731			(5,859	)		114,445			53,279
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,160			-			-			253,694
Realized Gain (Loss) on Investments		(7,783	)		36,169			(29,635	)		(730,478)
Net Realized Capital Gains (Losses) on Investments		(6,623	)		36,169			(29,635	)		(476,784)
Net Change in Unrealized Appreciation (Depreciation)		(573	)		1,785,673			79,584			1,062,068
Net Gain (Loss) on Investment		(7,196	)		1,821,842			49,949			585,284
Net Increase (Decrease) in Net Assets Resulting from Operations		20,535			1,815,983			164,394			638,563
Increase (Decrease) in Net Assets from Contract Transactions		107,611			8,923,116			1,343,545			162,786
Total Increase (Decrease) in Net Assets		128,146			10,739,099			1,507,939			801,349
Net Assets as of December 31, 2024:	$	1,186,450		$	15,659,300		$	3,641,513		$	8,467,892

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 53

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	Vanguard® Mid-Cap Index			Vanguard® Moderate Allocation			Vanguard® Money Market		Vanguard® Real Estate Index
	Subaccount			Subaccount			Subaccount		Subaccount
Net Assets as of December 31, 2022:	$	14,987,533		$	18,671,605		$	5,005,978	$	3,401,801
Investment Income:
Reinvested Dividends		238,995			420,520			372,343		86,192
Investment Expense:
Mortality and Expense Risk and Administrative Charges		254,314			246,305			20,627		15,623
Net Investment Income (Loss)		(15,319	)		174,215			351,716		70,569
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		299,918			670,247			74		162,606
Realized Gain (Loss) on Investments		(381,050	)		(319,063	)		-		(167,762)
Net Realized Capital Gains (Losses) on Investments		(81,132	)		351,184			74		(5,156)
Net Change in Unrealized Appreciation (Depreciation)		2,839,883			2,470,561			-		298,132
Net Gain (Loss) on Investment		2,758,751			2,821,745			74		292,976
Net Increase (Decrease) in Net Assets Resulting from Operations		2,743,432			2,995,960			351,790		363,545
Increase (Decrease) in Net Assets from Contract Transactions		6,490,660			4,207,880			2,606,666		(105,350)
Total Increase (Decrease) in Net Assets		9,234,092			7,203,840			2,958,456		258,195
Net Assets as of December 31, 2023:	$	24,221,625		$	25,875,445		$	7,964,434	$	3,659,996
Investment Income:
Reinvested Dividends		381,557			668,682			501,651		115,147
Investment Expense:
Mortality and Expense Risk and Administrative Charges		451,643			370,302			27,438		18,427
Net Investment Income (Loss)		(70,086	)		298,380			474,213		96,720
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		317,994			543,712			-		97,140
Realized Gain (Loss) on Investments		53,099			(179,180	)		-		(212,228)
Net Realized Capital Gains (Losses) on Investments		371,093			364,532			-		(115,088)
Net Change in Unrealized Appreciation (Depreciation)		3,480,206			1,857,850			-		(281,436)
Net Gain (Loss) on Investment		3,851,299			2,222,382			-		(396,524)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,781,213			2,520,762			474,213		(299,804)
Increase (Decrease) in Net Assets from Contract Transactions		11,630,365			2,088,050			1,516,833		6,848,365
Total Increase (Decrease) in Net Assets		15,411,578			4,608,812			1,991,046		6,548,561
Net Assets as of December 31, 2024:	$	39,633,203		$	30,484,257		$	9,955,480	$	10,208,557

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 54

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	Vanguard® Short-Term Investment Grade			Vanguard® Total Bond Market Index			Vanguard® Total International Stock Market Index			Vanguard® Total Stock Market Index
	Subaccount			Subaccount			Subaccount			Subaccount
Net Assets as of December 31, 2022:	$	8,419,841		$	11,337,994		$	5,091,921		$	10,036,777
Investment Income:
Reinvested Dividends		189,548			281,934			151,792			131,135
Investment Expense:
Mortality and Expense Risk and Administrative Charges		48,873			49,567			15,940			36,260
Net Investment Income (Loss)		140,675			232,367			135,852			94,875
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			63,563			639,119
Realized Gain (Loss) on Investments		(116,531	)		(376,083	)		(186,631	)		(143,186)
Net Realized Capital Gains (Losses) on Investments		(116,531	)		(376,083	)		(123,068	)		495,933
Net Change in Unrealized Appreciation (Depreciation)		620,474			768,497			807,541			2,189,954
Net Gain (Loss) on Investment		503,943			392,414			684,473			2,685,887
Net Increase (Decrease) in Net Assets Resulting from Operations		644,618			624,781			820,325			2,780,762
Increase (Decrease) in Net Assets from Contract Transactions		4,552,954			1,696,015			510,328			4,680,368
Total Increase (Decrease) in Net Assets		5,197,572			2,320,796			1,330,653			7,461,130
Net Assets as of December 31, 2023:	$	13,617,413		$	13,658,790		$	6,422,574		$	17,497,907
Investment Income:
Reinvested Dividends		511,024			409,591			222,125			269,836
Investment Expense:
Mortality and Expense Risk and Administrative Charges		62,775			66,264			22,019			67,189
Net Investment Income (Loss)		448,249			343,327			200,106			202,647
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			37,702			1,479,344
Realized Gain (Loss) on Investments		(77,931	)		(576,194	)		(140,050	)		119,354
Net Realized Capital Gains (Losses) on Investments		(77,931	)		(576,194	)		(102,348	)		1,598,698
Net Change in Unrealized Appreciation (Depreciation)		261,829			323,950			214,897			2,680,386
Net Gain (Loss) on Investment		183,898			(252,244	)		112,549			4,279,084
Net Increase (Decrease) in Net Assets Resulting from Operations		632,147			91,083			312,655			4,481,731
Increase (Decrease) in Net Assets from Contract Transactions		1,664,093			3,880,669			1,290,849			1,515,914
Total Increase (Decrease) in Net Assets		2,296,240			3,971,752			1,603,504			5,997,645
Net Assets as of December 31, 2024:	$	15,913,653		$	17,630,542		$	8,026,078		$	23,495,552

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 55

Transamerica Life Insurance Company

Separate Account VA B

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

	Voya Global Perspectives Class S Shares			Voya Large Cap Value Class S Shares			Wanger Acorn		Wanger International
	Subaccount			Subaccount			Subaccount		Subaccount
Net Assets as of December 31, 2022:	$	25,002		$	1,322		$	-	$	156,056
Investment Income:
Reinvested Dividends		895			24			-		512
Investment Expense:
Mortality and Expense Risk and Administrative Charges		234			18			-		871
Net Investment Income (Loss)		661			6			-		(359)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		967			17			-		-
Realized Gain (Loss) on Investments		(1,592	)		(33	)		-		(6,066)
Net Realized Capital Gains (Losses) on Investments		(625	)		(16	)		-		(6,066)
Net Change in Unrealized Appreciation (Depreciation)		1,652			168			-		31,666
Net Gain (Loss) on Investment		1,027			152			-		25,600
Net Increase (Decrease) in Net Assets Resulting from Operations		1,688			158			-		25,241
Increase (Decrease) in Net Assets from Contract Transactions		(11,328	)		11			-		(11,496)
Total Increase (Decrease) in Net Assets		(9,640	)		169			-		13,745
Net Assets as of December 31, 2023:	$	15,362		$	1,491		$	-	$	169,801
Investment Income:
Reinvested Dividends		511			27			-		2,155
Investment Expense:
Mortality and Expense Risk and Administrative Charges		188			21			-		789
Net Investment Income (Loss)		323			6			-		1,366
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			82			-		-
Realized Gain (Loss) on Investments		(2,591	)		(77	)		-		(6,530)
Net Realized Capital Gains (Losses) on Investments		(2,591	)		5			-		(6,530)
Net Change in Unrealized Appreciation (Depreciation)		3,521			213			-		(8,934)
Net Gain (Loss) on Investment		930			218			-		(15,464)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,253			224			-		(14,098)
Increase (Decrease) in Net Assets from Contract Transactions		(15,266	)		(69	)		-		(12,535)
Total Increase (Decrease) in Net Assets		(14,013	)		155			-		(26,633)
Net Assets as of December 31, 2024:	$	1,349		$	1,646		$	-	$	143,168

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 56

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

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 Ltd., a holding company organized under the laws of the Bermuda.

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^SM Variable Annuity, MEMBERS^® Landmark^SM Variable Annuity, Transamerica Freedom^SM Variable Annuity, MEMBERS^® Freedom^SM Variable Annuity, Transamerica Advisor Elite II, Transamerica Income Elite^SM II, Transamerica Axiom^SM II, Transamerica Principium^SM III, Transamerica Retirement Income Plus, Transamerica Variable Annuity O-Share, Transamerica ABC Variable Annuity Series, Transamerica 123 Variable Annuity, Transamerica Extra^SM Variable Annuity, MEMBERS^® Extra^SM Variable Annuity, Transamerica Liberty^SM Variable Annuity, MEMBERS^® Liberty^SM Variable Annuity, Transamerica Advisor Elite^SM Variable Annuity, Income Elite^SM Variable Annuity, Transamerica Axiom^SM Variable Annuity, Transamerica Principium^SM II Variable Annuity, Transamerica I-Share Variable Annuity, Transamerica Inspire^SM Variable Annuity, Transamerica Advisory Annuity, Transamerica Axiom^SM III Variable Annuity, Transamerica I-Share II Variable Annuity, and Transamerica Principium IV^SM 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 Hedged Allocation Class B Shares	AB Balanced Hedged Allocation Portfolio Class B Shares
AB Large Cap Growth Class B Shares	AB Large Cap Growth Portfolio Class B Shares
AB Relative Value Class B Shares	AB Relative Value Class Portfolio 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

57

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

1. Organization (continued)

Subaccount Investment by Mutual Fund:

Subaccount	Mutual Fund
DFA Investment Dimensions Group Inc.	DFA Investment Dimensions Group Inc.
Dimensional VA Equity Allocation	Dimensional VA Equity Allocation Portfolio
Dimensional VA Global Bond	Dimensional VA Global Bond Portfolio
Dimensional VA Global Moderate Allocation	Dimensional VA Global Moderate Allocation Portfolio
Dimensional VA International Small	Dimensional VA International Small Portfolio
Dimensional VA International Value	Dimensional VA International Value Portfolio
Dimensional VA Short-Term Fixed	Dimensional VA Short-Term Fixed Portfolio
Dimensional VA U.S. Large Value	Dimensional VA U.S. Large Value Portfolio
Dimensional VA U.S. Targeted Value	Dimensional 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

58

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

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 Bond Initial Class	Transamerica Aegon Bond VP Initial Class
TA Aegon Bond Service Class	Transamerica Aegon Bond VP Service Class
TA Aegon Core Bond Service Class	Transamerica Aegon Core Bond 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 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 iShares Tactical - Balanced Service Class	Transamerica BlackRock iShares Tactical - Balanced VP Service Class
TA BlackRock iShares Tactical - Conservative Service Class	Transamerica BlackRock iShares Tactical - Conservative VP Service Class
TA BlackRock iShares Tactical - Growth Service Class	Transamerica BlackRock iShares Tactical - Growth VP Service Class
TA BlackRock Real Estate Securities Initial Class	Transamerica BlackRock Real Estate Securities VP Initial Class
TA BlackRock Real Estate Securities Service Class	Transamerica BlackRock Real Estate Securities 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 Goldman Sachs Managed Risk - Balanced ETF Service Class	Transamerica Goldman Sachs Managed Risk - Balanced ETF VP Service Class

59

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

1. Organization (continued)

Subaccount Investment by Mutual Fund:

Subaccount	Mutual Fund
Transamerica Series Trust	Transamerica Series Trust
TA Goldman Sachs Managed Risk - Conservative ETF Service Class	Transamerica Goldman Sachs Managed Risk - Conservative ETF VP Service Class
TA Goldman Sachs Managed Risk - Growth ETF Service Class	Transamerica Goldman Sachs Managed Risk - Growth ETF VP Service Class
TA Great Lakes Advisors Large Cap Value Service Class	Transamerica Great Lakes Advisors Large Cap Value 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
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 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 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 Market Participation Strategy Service Class	Transamerica Market Participation Strategy 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 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 S&P 500 Index Initial Class	Transamerica S&P 500 Index VP Initial 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

60

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

1. Organization (continued)

Subaccount Investment by Mutual Fund:

Subaccount	Mutual Fund
Transamerica Series Trust	Transamerica Series Trust
TA Small/Mid Cap Value Service Class	Transamerica Small/Mid Cap Value VP Service Class
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 TSW International Equity Initial Class	Transamerica TSW International Equity VP Initial Class
TA TSW International Equity Service Class	Transamerica TSW International Equity VP Service Class
TA TSW Mid Cap Value Opportunities Service Class	Transamerica TSW Mid Cap Value Opportunities 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
Wanger Advisors Trust	Wanger Advisors Trust
Wanger Acorn	Wanger Acorn
Wanger International	Wanger International

Each period reported on reflects a full twelve month period except as follows:

Subaccount	Inception Date
TA S&P 500 Index Initial Class	May 2, 2022
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
American Funds - New World Class 4 Shares	May 1, 2020

61

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

1. Organization (continued)

Each period reported on reflects a full twelve month period except as follows:

Subaccount	Inception Date
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

The following subaccount name changes were made effective during the fiscal year ended December 31, 2024:

Subaccount	Formerly
Dimensional VA Equity Allocation	DFA VA Equity Allocation
Dimensional VA Global Bond	DFA VA Global Bond
Dimensional VA Global Moderate Allocation	DFA VA Global Moderate Allocation
Dimensional VA International Small	DFA VA International Small
Dimensional VA International Value	DFA VA International Value
Dimensional VA Short-Term Fixed	DFA VA Short-Term Fixed
Dimensional VA U.S. Large Value	DFA VA U.S. Large Value
Dimensional VA U.S. Targeted Value	DFA VA U.S. Targeted Value
TA BlackRock iShares Tactical - Balanced Service Class	TA PIMCO Tactical - Balanced Service Class
TA BlackRock iShares Tactical - Conservative Service Class	TA PIMCO Tactical - Conservative Service Class
TA BlackRock iShares Tactical - Growth Service Class	TA PIMCO Tactical - Growth Service Class
TA TSW International Equity Initial Class	TA TS&W International Equity Initial Class
TA TSW International Equity Service Class	TA TS&W International Equity Service Class
TA TSW Mid Cap Value Opportunities Service Class	TA JPMorgan Mid Cap Value Service Class

During the current year the following subaccounts were removed as available investment options to contract owners and subsequently replaced and reinvested:

Reinvested Subaccount	Removed Subaccount
TA ProFunds UltraBear Service Class (OAM)	TA ProFunds UltraBear Service Class (OAM)

The transfers from the removed and liquidated subaccounts to the reinvested subaccounts for the period ended December 31, 2024 are reflected in the Statements of Changes in Net Assets within Increase (Decrease) in Net Assets from Contract Transactions and purchases and sales in Footnote 3.

62

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

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, 2024.

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, 2024.

63

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

3. Investments

The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2024 were as follows:

Subaccount	Purchases		Sales
AB Balanced Hedged Allocation Class B Shares	$	5,268,350	$	13,659,198
AB Large Cap Growth Class B Shares		1,305,434		4,211,260
AB Relative Value Class B Shares		25,662,505		44,635,726
American Funds - Asset Allocation Class 2 Shares		53,780,565		124,542,142
American Funds - Asset Allocation Class 4 Shares		18,094,076		4,245,157
American Funds - Growth Class 2 Shares		46,066,636		181,479,859
American Funds - Growth Class 4 Shares		137,791,414		15,297,506
American Funds - Growth-Income Class 2 Shares		57,241,711		135,166,479
American Funds - Growth-Income Class 4 Shares		67,998,262		7,683,437
American Funds - International Class 2 Shares		11,725,103		36,122,800
American Funds - International Class 4 Shares		12,459,057		2,559,065
American Funds - New World Class 4 Shares		7,044,693		1,134,578
American Funds - The Bond Fund of America Class 2 Shares		28,166,806		32,682,173
American Funds - The Bond Fund of America Class 4 Shares		18,590,656		6,110,095
BlackRock Basic Value V.I. Class I Shares		2,342,377		2,522,844
BlackRock Global Allocation V.I. Class I Shares		741,231		1,060,631
BlackRock High Yield V.I. Class I Shares		378,095		450,224
Dimensional VA Equity Allocation		251,368		62,372
Dimensional VA Global Bond		1,138,839		814,292
Dimensional VA Global Moderate Allocation		718,588		39,779
Dimensional VA International Small		183,853		24,761
Dimensional VA International Value		670,818		97,327
Dimensional VA Short-Term Fixed		1,860,248		693,717
Dimensional VA U.S. Large Value		1,393,313		223,416
Dimensional VA U.S. Targeted Value		592,248		134,338
Fidelity® VIP Balanced Service Class 2		53,711,416		86,171,165
Fidelity® VIP Consumer Staples Initial Class		2,795,213		1,624,212
Fidelity® VIP Contrafund® Initial Class		12,405		17,101
Fidelity® VIP Contrafund® Service Class 2		200,505,503		168,499,676
Fidelity® VIP Energy Service Class 2		11,179,021		6,559,509
Fidelity® VIP Equity-Income Initial Class		4,387		2,703
Fidelity® VIP Equity-Income Service Class 2		2,355,991		4,270,711
Fidelity® VIP Growth Initial Class		7,948		2,322
Fidelity® VIP Growth Service Class 2		10,326,633		5,152,836
Fidelity® VIP Growth Opportunities Service Class 2		32,560		608,243
Fidelity® VIP Health Care Service Class 2		7,299,661		2,687,169
Fidelity® VIP Mid Cap Initial Class		15,089		3,702

64

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

3. Investments (continued)

Subaccount	Purchases		Sales
Fidelity® VIP Mid Cap Service Class 2	$	84,133,714	$	55,984,260
Fidelity® VIP Technology Initial Class		52,589,164		13,313,180
Fidelity® VIP Utilities Initial Class		5,298,371		2,269,273
Fidelity® VIP Value Strategies Initial Class		68,524		116,569
Fidelity® VIP Value Strategies Service Class 2		56,379,151		43,102,589
Franklin Allocation Class 4 Shares		912,249		8,494,178
Franklin Income Class 2 Shares		1,947,550		5,464,034
Franklin Mutual Shares Class 2 Shares		382,112		1,440,261
Franklin Templeton Foreign Class 2 Shares		344,180		1,988,777
Invesco V.I. American Franchise Series II Shares		3,595		690,942
Janus Henderson - Enterprise Service Shares		943,160		4,030,401
Janus Henderson - Global Research Service Shares		1,398,974		3,232,976
Janus Henderson - Mid Cap Value Service Shares		170,781		125,430
MFS® New Discovery Service Class		115,085		4,871,010
MFS® Total Return Service Class		2,061,271		4,332,705
NVIT Emerging Markets Class D Shares		40		73
State Street Total Return V.I.S. Class 3 Shares		3,944,377		7,155,503
TA 60/40 Allocation Service Class		8,216,899		13,645,220
TA Aegon Bond Initial Class		14,762,704		14,087,604
TA Aegon Bond Service Class		31,816,953		72,752,977
TA Aegon Core Bond Service Class		30,819,569		37,691,643
TA Aegon High Yield Bond Initial Class		5,947,634		6,742,731
TA Aegon High Yield Bond Service Class		12,857,001		20,289,752
TA Aegon Sustainable Equity Income Initial Class		5,407,425		24,808,013
TA Aegon Sustainable Equity Income Service Class		6,196,882		19,151,603
TA Aegon U.S. Government Securities Initial Class		11,146,931		12,250,819
TA Aegon U.S. Government Securities Service Class		39,364,319		98,086,411
TA American Funds Managed Risk - Balanced Service Class		37,825,069		140,332,216
TA BlackRock Government Money Market Initial Class		30,149,453		39,121,035
TA BlackRock Government Money Market Service Class		265,315,386		362,041,571
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		10,206,508		39,231,374
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		32,696,797		141,033,491
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		14,681,350		59,955,664
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		21,772,276		116,555,567
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		9,931,391		57,731,375
TA BlackRock iShares Edge 100 Service Class		10,062,412		9,621,957
TA BlackRock iShares Edge 40 Initial Class		1,655,520		2,821,194

65

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

3. Investments (continued)

Subaccount	Purchases		Sales
TA BlackRock iShares Edge 40 Service Class	$	9,872,922	$	33,427,987
TA BlackRock iShares Edge 50 Service Class		22,072,768		61,492,702
TA BlackRock iShares Edge 75 Service Class		15,998,053		27,678,980
TA BlackRock iShares Tactical - Balanced Service Class		13,149,063		61,049,276
TA BlackRock iShares Tactical - Conservative Service Class		8,243,919		31,299,256
TA BlackRock iShares Tactical - Growth Service Class		16,134,110		46,712,284
TA BlackRock Real Estate Securities Initial Class		1,444,998		2,740,368
TA BlackRock Real Estate Securities Service Class		6,639,641		11,691,088
TA BlackRock Tactical Allocation Service Class		17,706,673		169,458,945
TA Goldman Sachs 70/30 Service Class		2,068,086		283,039
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		140,684,643		658,112,282
TA Goldman Sachs Managed Risk - Conservative ETF Service Class		31,767,109		78,715,508
TA Goldman Sachs Managed Risk - Growth ETF Service Class		71,624,743		342,906,408
TA Great Lakes Advisors Large Cap Value Service Class		14,824,653		10,889,314
TA International Focus Initial Class		6,315,256		7,614,570
TA International Focus Service Class		10,913,607		12,438,856
TA Janus Balanced Service Class		60,447,146		180,026,294
TA Janus Mid-Cap Growth Initial Class		5,986,287		12,365,072
TA Janus Mid-Cap Growth Service Class		28,621,185		29,039,409
TA JPMorgan Asset Allocation - Conservative Initial Class		10,859,364		19,039,211
TA JPMorgan Asset Allocation - Conservative Service Class		20,310,226		110,000,955
TA JPMorgan Asset Allocation - Growth Initial Class		15,582,578		29,810,114
TA JPMorgan Asset Allocation - Growth Service Class		22,661,555		36,104,648
TA JPMorgan Asset Allocation - Moderate Initial Class		19,640,936		39,512,211
TA JPMorgan Asset Allocation - Moderate Service Class		83,060,097		659,862,101
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		13,861,718		55,829,979
TA JPMorgan Asset Allocation - Moderate Growth Service Class		39,760,984		429,880,223
TA JPMorgan Enhanced Index Initial Class		15,026,965		22,642,768
TA JPMorgan Enhanced Index Service Class		28,620,522		24,210,465
TA JPMorgan International Moderate Growth Initial Class		5,326		1,277
TA JPMorgan International Moderate Growth Service Class		12,321,600		60,989,212
TA JPMorgan Tactical Allocation Service Class		24,703,215		139,449,915
TA Madison Diversified Income Service Class		7,379,729		24,222,410
TA Market Participation Strategy Service Class		10,242,097		65,755,581
TA Morgan Stanley Global Allocation Service Class		40,615,191		143,626,127
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class		2,074,174		31,939,297
TA MSCI EAFE Index Service Class		19,433,068		8,214,517

66

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

3. Investments (continued)

Subaccount	Purchases		Sales
TA Multi-Managed Balanced Initial Class	$	8,863,385	$	13,544,763
TA Multi-Managed Balanced Service Class		81,168,462		253,963,582
TA PineBridge Inflation Opportunities Service Class		6,630,118		27,351,265
TA ProFunds UltraBear Service Class (OAM)		15,705,866		3,170,142
TA S&P 500 Index Initial Class		10,794,038		336,006
TA S&P 500 Index Service Class		197,696,094		75,632,852
TA Small/Mid Cap Value Initial Class		4,593,722		12,490,628
TA Small/Mid Cap Value Service Class		23,225,158		27,113,890
TA T. Rowe Price Small Cap Initial Class		6,677,399		17,458,979
TA T. Rowe Price Small Cap Service Class		50,287,108		57,331,667
TA TSW International Equity Initial Class		5,395,039		10,218,299
TA TSW International Equity Service Class		8,389,659		10,849,643
TA TSW Mid Cap Value Opportunities Service Class		47,734,903		36,223,895
TA WMC US Growth Initial Class		76,761,902		101,152,351
TA WMC US Growth Service Class		137,281,257		139,506,979
Vanguard® Balanced		12,269,543		4,847,962
Vanguard® Capital Growth		1,072,196		717,040
Vanguard® Conservative Allocation		3,846,268		747,764
Vanguard® Diversified Value		749,209		570,736
Vanguard® Equity Income		2,169,228		730,492
Vanguard® Equity Index		2,700,734		3,242,182
Vanguard® Global Bond Index		186,979		50,476
Vanguard® Growth		9,779,494		862,238
Vanguard® High Yield Bond		1,784,040		326,047
Vanguard® International		1,907,487		1,437,726
Vanguard® Mid-Cap Index		15,014,650		3,136,377
Vanguard® Moderate Allocation		7,611,164		4,681,016
Vanguard® Money Market		6,411,048		4,420,079
Vanguard® Real Estate Index		7,938,081		895,850
Vanguard® Short-Term Investment Grade		3,792,437		1,680,097
Vanguard® Total Bond Market Index		7,783,610		3,559,623
Vanguard® Total International Stock Market Index		2,853,847		1,325,192
Vanguard® Total Stock Market Index		6,763,116		3,565,212
Voya Global Perspectives Class S Shares		1,501		16,444
Voya Large Cap Value Class S Shares		110		91
Wanger Acorn		-		-
Wanger International		2,223		13,394

67

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, 2024								Year Ended December 31, 2023
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 Hedged Allocation Class B Shares		356,934		(3,268,638	)		(2,911,704	)		748,725		(3,114,341	)		(2,365,616	)
AB Large Cap Growth Class B Shares		16,313		(776,973	)		(760,660	)		6,667		(639,344	)		(632,677	)
AB Relative Value Class B Shares		1,230,229		(5,996,380	)		(4,766,151	)		1,966,085		(8,355,156	)		(6,389,071	)
American Funds - Asset Allocation Class 2 Shares		2,004,970		(19,716,495	)		(17,711,525	)		1,918,722		(18,050,029	)		(16,131,307	)
American Funds - Asset Allocation Class 4 Shares		1,036,892		(259,969	)		776,923			1,704,644		(272,961	)		1,431,683
American Funds - Growth Class 2 Shares		1,041,547		(6,816,684	)		(5,775,137	)		1,650,438		(6,369,410	)		(4,718,972	)
American Funds - Growth Class 4 Shares		6,792,578		(731,213	)		6,061,365			4,600,002		(437,404	)		4,162,598
American Funds - Growth-Income Class 2 Shares		911,269		(6,596,473	)		(5,685,204	)		1,027,150		(6,059,951	)		(5,032,801	)
American Funds - Growth-Income Class 4 Shares		3,484,185		(392,478	)		3,091,707			2,472,633		(355,634	)		2,116,999
American Funds - International Class 2 Shares		1,651,294		(5,091,188	)		(3,439,894	)		1,802,145		(4,762,174	)		(2,960,029	)
American Funds - International Class 4 Shares		971,081		(188,957	)		782,124			697,890		(176,495	)		521,395
American Funds - New World Class 4 Shares		501,359		(73,318	)		428,041			477,647		(109,650	)		367,997
American Funds - The Bond Fund of America Class 2 Shares		4,516,472		(7,992,950	)		(3,476,478	)		5,957,911		(8,265,082	)		(2,307,171	)
American Funds - The Bond Fund of America Class 4 Shares		1,933,015		(640,061	)		1,292,954			1,247,064		(143,043	)		1,104,021
BlackRock Basic Value V.I. Class I Shares		159,712		(499,414	)		(339,702	)		124,111		(460,871	)		(336,760	)
BlackRock Global Allocation V.I. Class I Shares		55,943		(331,492	)		(275,549	)		30,171		(377,292	)		(347,121	)
BlackRock High Yield V.I. Class I Shares		65,767		(134,734	)		(68,967	)		18,164		(63,898	)		(45,734	)
Dimensional VA Equity Allocation		11,624		(3,451	)		8,173			20,205		(1,519	)		18,686
Dimensional VA Global Bond		103,952		(82,449	)		21,503			125,662		(35,208	)		90,454
Dimensional VA Global Moderate Allocation		48,945		(2,610	)		46,335			8,492		(229	)		8,263
Dimensional VA International Small		9,927		(1,838	)		8,089			13,908		(5,544	)		8,364
Dimensional VA International Value		41,144		(6,603	)		34,541			24,904		(7,732	)		17,172
Dimensional VA Short-Term Fixed		163,572		(65,150	)		98,422			69,685		(23,225	)		46,460
Dimensional VA U.S. Large Value		74,430		(14,891	)		59,539			25,388		(5,083	)		20,305
Dimensional VA U.S. Targeted Value		26,607		(7,609	)		18,998			25,314		(22,723	)		2,591
Fidelity® VIP Balanced Service Class 2		3,132,991		(13,270,353	)		(10,137,362	)		4,521,442		(13,045,979	)		(8,524,537	)
Fidelity® VIP Consumer Staples Initial Class		182,002		(110,115	)		71,887			204,987		(83,307	)		121,680
Fidelity® VIP Contrafund® Initial Class		2		(898	)		(896	)		300		(4,389	)		(4,089	)

68

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
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® Service Class 2		5,250,561		(13,755,264	)		(8,504,703	)		4,673,981		(11,288,402	)		(6,614,421	)
Fidelity® VIP Energy Service Class 2		384,879		(225,219	)		159,660			748,480		(585,991	)		162,489
Fidelity® VIP Equity-Income Initial Class		-		(745	)		(745	)		-		(776	)		(776	)
Fidelity® VIP Equity-Income Service Class 2		10,151		(1,149,016	)		(1,138,865	)		59,222		(1,460,046	)		(1,400,824	)
Fidelity® VIP Growth Initial Class		-		(340	)		(340	)		-		(341	)		(341	)
Fidelity® VIP Growth Service Class 2		308,209		(876,936	)		(568,727	)		33,453		(1,232,411	)		(1,198,958	)
Fidelity® VIP Growth Opportunities Service Class 2		4,276		(83,560	)		(79,284	)		1,705		(55,817	)		(54,112	)
Fidelity® VIP Health Care Service Class 2		603,683		(205,268	)		398,415			729,180		(113,667	)		615,513
Fidelity® VIP Mid Cap Initial Class		252		(908	)		(656	)		581		(2,900	)		(2,319	)
Fidelity® VIP Mid Cap Service Class 2		2,384,057		(5,623,151	)		(3,239,094	)		1,784,302		(5,042,994	)		(3,258,692	)
Fidelity® VIP Technology Initial Class		2,153,647		(541,445	)		1,612,202			1,847,425		(791,592	)		1,055,833
Fidelity® VIP Utilities Initial Class		304,661		(143,794	)		160,867			245,213		(126,812	)		118,401
Fidelity® VIP Value Strategies Initial Class		231		(24,598	)		(24,367	)		24,440		(7,045	)		17,395
Fidelity® VIP Value Strategies Service Class 2		2,079,295		(4,952,342	)		(2,873,047	)		2,407,963		(6,913,367	)		(4,505,404	)
Franklin Allocation Class 4 Shares		19,607		(2,981,647	)		(2,962,040	)		7,146		(2,795,901	)		(2,788,755	)
Franklin Income Class 2 Shares		29,905		(2,649,197	)		(2,619,292	)		43,995		(3,215,534	)		(3,171,539	)
Franklin Mutual Shares Class 2 Shares		14,924		(704,655	)		(689,731	)		379		(683,361	)		(682,982	)
Franklin Templeton Foreign Class 2 Shares		45,488		(1,581,180	)		(1,535,692	)		34,801		(1,617,813	)		(1,583,012	)
Invesco V.I. American Franchise Series II Shares		1,000		(152,148	)		(151,148	)		542		(252,720	)		(252,178	)
Janus Henderson - Enterprise Service Shares		15,507		(944,975	)		(929,468	)		12,124		(385,827	)		(373,703	)
Janus Henderson - Global Research Service Shares		293,238		(1,241,648	)		(948,410	)		3,499		(990,538	)		(987,039	)
Janus Henderson - Mid Cap Value Service Shares		655		(24,524	)		(23,869	)		804		(55,804	)		(55,000	)
MFS® New Discovery Service Class		28,390		(1,114,848	)		(1,086,458	)		10,442		(841,045	)		(830,603	)
MFS® Total Return Service Class		36,072		(1,532,345	)		(1,496,273	)		59,043		(1,441,925	)		(1,382,882	)
NVIT Emerging Markets Class D Shares		-		(5	)		(5	)		-		(363	)		(363	)
State Street Total Return V.I.S. Class 3 Shares		301,367		(2,206,088	)		(1,904,721	)		794,692		(2,482,650	)		(1,687,958	)
TA 60/40 Allocation Service Class		967,977		(1,943,855	)		(975,878	)		3,432,337		(1,577,734	)		1,854,603
TA Aegon Bond Initial Class		7,190,139		(8,555,136	)		(1,364,997	)		6,107,257		(9,785,590	)		(3,678,333	)

69

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
TA Aegon Bond Service Class		3,484,904		(26,183,667	)		(22,698,763	)		2,645,453		(27,621,200	)		(24,975,747	)
TA Aegon Core Bond Service Class		4,692,372		(8,874,545	)		(4,182,173	)		2,928,850		(7,967,829	)		(5,038,979	)
TA Aegon High Yield Bond Initial Class		1,359,352		(2,393,643	)		(1,034,291	)		1,264,076		(2,524,777	)		(1,260,701	)
TA Aegon High Yield Bond Service Class		1,046,938		(3,457,515	)		(2,410,577	)		954,589		(3,518,049	)		(2,563,460	)
TA Aegon Sustainable Equity Income Initial Class		356,564		(7,194,074	)		(6,837,510	)		246,381		(8,934,841	)		(8,688,460	)
TA Aegon Sustainable Equity Income Service Class		412,146		(3,480,362	)		(3,068,216	)		653,523		(3,845,833	)		(3,192,310	)
TA Aegon U.S. Government Securities Initial Class		7,178,144		(8,319,719	)		(1,141,575	)		5,519,168		(6,909,188	)		(1,390,020	)
TA Aegon U.S. Government Securities Service Class		7,402,100		(22,497,410	)		(15,095,310	)		11,959,703		(27,482,913	)		(15,523,210	)
TA American Funds Managed Risk - Balanced Service Class		900,679		(8,975,753	)		(8,075,074	)		941,547		(7,210,965	)		(6,269,418	)
TA BlackRock Government Money Market Initial Class		24,716,118		(34,319,043	)		(9,602,925	)		25,373,543		(28,139,429	)		(2,765,886	)
TA BlackRock Government Money Market Service Class		61,175,553		(100,182,803	)		(39,007,250	)		52,612,012		(83,384,248	)		(30,772,236	)
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		1,708,532		(12,381,874	)		(10,673,342	)		1,822,722		(13,738,722	)		(11,916,000	)
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		3,102,521		(30,207,370	)		(27,104,849	)		5,898,431		(30,911,092	)		(25,012,661	)
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		1,400,171		(14,847,404	)		(13,447,233	)		3,687,543		(14,858,191	)		(11,170,648	)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		1,449,770		(19,517,578	)		(18,067,808	)		1,838,547		(20,766,411	)		(18,927,864	)
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		881,449		(9,105,708	)		(8,224,259	)		2,532,161		(8,441,326	)		(5,909,165	)
TA BlackRock iShares Edge 100 Service Class		403,316		(462,806	)		(59,490	)		248,775		(380,682	)		(131,907	)
TA BlackRock iShares Edge 40 Initial Class		533,083		(1,319,597	)		(786,514	)		324,781		(955,410	)		(630,629	)
TA BlackRock iShares Edge 40 Service Class		685,050		(10,031,036	)		(9,345,986	)		566,746		(12,270,092	)		(11,703,346	)
TA BlackRock iShares Edge 50 Service Class		596,166		(4,096,985	)		(3,500,819	)		487,838		(3,347,541	)		(2,859,703	)
TA BlackRock iShares Edge 75 Service Class		593,054		(1,607,343	)		(1,014,289	)		541,395		(1,957,437	)		(1,416,042	)
TA BlackRock iShares Tactical - Balanced Service Class		463,317		(13,376,036	)		(12,912,719	)		1,025,754		(11,709,816	)		(10,684,062	)
TA BlackRock iShares Tactical - Conservative Service Class		917,480		(6,680,826	)		(5,763,346	)		1,346,003		(6,506,800	)		(5,160,797	)
TA BlackRock iShares Tactical - Growth Service Class		1,629,449		(7,751,474	)		(6,122,025	)		1,120,813		(6,342,183	)		(5,221,370	)
TA BlackRock Real Estate Securities Initial Class		324,407		(900,860	)		(576,453	)		291,267		(1,076,217	)		(784,950	)
TA BlackRock Real Estate Securities Service Class		951,846		(2,802,865	)		(1,851,019	)		914,990		(2,587,763	)		(1,672,773	)
TA BlackRock Tactical Allocation Service Class		1,730,228		(35,186,990	)		(33,456,762	)		2,558,429		(33,110,657	)		(30,552,228	)

70

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
TA Goldman Sachs 70/30 Service Class		134,905		(16,026	)		118,879			127,827		(13,675	)		114,152
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		3,250,203		(111,231,026	)		(107,980,823	)		5,338,343		(107,222,394	)		(101,884,051	)
TA Goldman Sachs Managed Risk - Conservative ETF Service Class		2,424,504		(21,569,102	)		(19,144,598	)		2,610,839		(21,127,254	)		(18,516,415	)
TA Goldman Sachs Managed Risk - Growth ETF Service Class		4,491,502		(71,901,224	)		(67,409,722	)		5,169,390		(66,343,225	)		(61,173,835	)
TA Great Lakes Advisors Large Cap Value Service Class		1,290,567		(1,240,716	)		49,851			789,328		(1,964,844	)		(1,175,516	)
TA International Focus Initial Class		1,583,493		(3,278,357	)		(1,694,864	)		1,146,536		(3,303,537	)		(2,157,001	)
TA International Focus Service Class		642,646		(2,123,346	)		(1,480,700	)		382,562		(2,068,572	)		(1,686,010	)
TA Janus Balanced Service Class		2,856,501		(21,934,689	)		(19,078,188	)		4,811,077		(18,646,267	)		(13,835,190	)
TA Janus Mid-Cap Growth Initial Class		668,536		(3,550,517	)		(2,881,981	)		1,432,511		(2,844,914	)		(1,412,403	)
TA Janus Mid-Cap Growth Service Class		873,481		(2,222,460	)		(1,348,979	)		1,020,072		(2,338,310	)		(1,318,238	)
TA JPMorgan Asset Allocation - Conservative Initial Class		4,517,544		(8,988,769	)		(4,471,225	)		4,369,289		(9,502,019	)		(5,132,730	)
TA JPMorgan Asset Allocation - Conservative Service Class		4,264,318		(32,996,464	)		(28,732,146	)		4,379,175		(36,992,658	)		(32,613,483	)
TA JPMorgan Asset Allocation - Growth Initial Class		2,366,575		(7,748,016	)		(5,381,441	)		1,379,874		(5,957,898	)		(4,578,024	)
TA JPMorgan Asset Allocation - Growth Service Class		1,865,509		(4,875,951	)		(3,010,442	)		1,043,623		(4,581,917	)		(3,538,294	)
TA JPMorgan Asset Allocation - Moderate Initial Class		7,234,456		(15,604,564	)		(8,370,108	)		6,756,258		(14,566,663	)		(7,810,405	)
TA JPMorgan Asset Allocation - Moderate Service Class		4,329,023		(132,491,393	)		(128,162,370	)		3,874,604		(126,186,219	)		(122,311,615	)
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		3,640,639		(18,461,308	)		(14,820,669	)		4,635,202		(18,304,192	)		(13,668,990	)
TA JPMorgan Asset Allocation - Moderate Growth Service Class		2,949,382		(96,172,583	)		(93,223,201	)		3,540,744		(100,692,415	)		(97,151,671	)
TA JPMorgan Enhanced Index Initial Class		1,987,029		(3,654,637	)		(1,667,608	)		1,615,777		(3,228,615	)		(1,612,838	)
TA JPMorgan Enhanced Index Service Class		751,404		(1,153,316	)		(401,912	)		835,901		(1,205,750	)		(369,849	)
TA JPMorgan International Moderate Growth Initial Class		1,556		(452	)		1,104			-		(944	)		(944	)
TA JPMorgan International Moderate Growth Service Class		2,223,773		(22,606,966	)		(20,383,193	)		2,050,139		(25,108,974	)		(23,058,835	)
TA JPMorgan Tactical Allocation Service Class		969,363		(25,405,973	)		(24,436,610	)		1,330,450		(23,906,922	)		(22,576,472	)
TA Madison Diversified Income Service Class		787,362		(4,957,720	)		(4,170,358	)		1,316,593		(6,487,106	)		(5,170,513	)
TA Market Participation Strategy Service Class		895,009		(8,766,872	)		(7,871,863	)		1,214,799		(7,419,248	)		(6,204,449	)
TA Morgan Stanley Global Allocation Service Class		1,704,711		(37,657,436	)		(35,952,725	)		2,136,131		(39,332,085	)		(37,195,954	)
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class		203,029		(2,702,985	)		(2,499,956	)		323,776		(2,349,844	)		(2,026,068	)
TA MSCI EAFE Index Service Class		1,346,153		(565,217	)		780,936			985,889		(901,913	)		83,976

71

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
TA Multi-Managed Balanced Initial Class		881,150		(3,154,834	)		(2,273,684	)		1,780,321		(2,312,672	)		(532,351	)
TA Multi-Managed Balanced Service Class		2,004,937		(22,464,093	)		(20,459,156	)		2,563,053		(22,599,148	)		(20,036,095	)
TA PineBridge Inflation Opportunities Service Class		956,117		(9,514,024	)		(8,557,907	)		2,343,067		(9,871,904	)		(7,528,837	)
TA ProFunds UltraBear Service Class (OAM)		1,544,475		49,539,299			51,083,774			—		—			—
TA S&P 500 Index Initial Class		761,075		(24,284	)		736,791			115,620		(35,931	)		79,689
TA S&P 500 Index Service Class		8,045,859		(3,117,051	)		4,928,808			5,738,107		(3,266,183	)		2,471,924
TA Small/Mid Cap Value Initial Class		110,852		(1,183,992	)		(1,073,140	)		85,141		(1,194,086	)		(1,108,945	)
TA Small/Mid Cap Value Service Class		826,663		(2,702,208	)		(1,875,545	)		938,241		(2,546,087	)		(1,607,846	)
TA T. Rowe Price Small Cap Initial Class		640,093		(3,534,797	)		(2,894,704	)		954,265		(2,449,491	)		(1,495,226	)
TA T. Rowe Price Small Cap Service Class		1,564,049		(3,533,538	)		(1,969,489	)		1,182,262		(3,192,948	)		(2,010,686	)
TA TSW International Equity Initial Class		1,690,104		(3,992,012	)		(2,301,908	)		2,544,885		(3,939,719	)		(1,394,834	)
TA TSW International Equity Service Class		696,138		(1,393,486	)		(697,348	)		900,180		(1,628,208	)		(728,028	)
TA TSW Mid Cap Value Opportunities Service Class		751,915		(4,004,859	)		(3,252,944	)		1,129,737		(5,115,980	)		(3,986,243	)
TA WMC US Growth Initial Class		2,676,403		(19,108,696	)		(16,432,293	)		61,086,315		(17,121,597	)		43,964,718
TA WMC US Growth Service Class		1,920,358		(6,560,279	)		(4,639,921	)		24,852,030		(5,113,107	)		19,738,923
Vanguard® Balanced		722,534		(331,547	)		390,987			1,182,073		(268,322	)		913,751
Vanguard® Capital Growth		56,029		(41,755	)		14,274			90,992		(59,447	)		31,545
Vanguard® Conservative Allocation		285,403		(50,267	)		235,136			223,790		(25,528	)		198,262
Vanguard® Diversified Value		31,258		(32,472	)		(1,214	)		49,199		(5,013	)		44,186
Vanguard® Equity Income		123,695		(50,132	)		73,563			67,191		(31,899	)		35,292
Vanguard® Equity Index		45,688		(127,202	)		(81,514	)		153,600		(133,618	)		19,982
Vanguard® Global Bond Index		16,127		(4,860	)		11,267			27,670		(4,948	)		22,722
Vanguard® Growth		485,479		(45,191	)		440,288			67,356		(36,720	)		30,636
Vanguard® High Yield Bond		146,174		(27,957	)		118,217			75,398		(5,823	)		69,575
Vanguard® International		70,101		(113,124	)		(43,023	)		115,418		(91,797	)		23,621
Vanguard® Mid-Cap Index		525,471		(108,996	)		416,475			361,462		(85,936	)		275,526
Vanguard® Moderate Allocation		544,187		(354,962	)		189,225			540,962		(143,720	)		397,242
Vanguard® Money Market		547,760		(403,775	)		143,985			948,751		(692,516	)		256,235

72

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)
Vanguard® Real Estate Index		407,955		(55,579	)		352,376			29,523		(39,198	)		(9,675	)
Vanguard® Short-Term Investment Grade		282,791		(194,620	)		88,171			633,552		(202,133	)		431,419
Vanguard® Total Bond Market Index		680,370		(322,474	)		357,896			367,085		(259,374	)		107,711
Vanguard® Total International Stock Market Index		212,499		(106,095	)		106,404			135,413		(87,635	)		47,778
Vanguard® Total Stock Market Index		301,935		(199,535	)		102,400			408,732		(85,976	)		322,756
Voya Global Perspectives Class S Shares		79		(1,220	)		(1,141	)		86		(1,048	)		(962	)
Voya Large Cap Value Class S Shares		-		(3	)		(3	)		1		(1	)		-
Wanger Acorn		-		-			-			-		-			-
Wanger International		7		(1,604	)		(1,597	)		52,447		(53,968	)		(1,521	)

73

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
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 Hedged Allocation Class B Shares	$	2,850,329	$	(12,699,939	)	$	(9,849,610	)	$	3,720,984	$	(10,997,087	)	$	(7,276,103	)
AB Large Cap Growth Class B Shares		70,461		(3,797,510	)		(3,727,049	)		24,487		(2,494,192	)		(2,469,705	)
AB Relative Value Class B Shares		13,568,058		(41,283,433	)		(27,715,375	)		16,932,995		(41,905,451	)		(24,972,456	)
American Funds - Asset Allocation Class 2 Shares		12,243,215		(114,363,717	)		(102,120,502	)		12,463,379		(91,088,415	)		(78,625,036	)
American Funds - Asset Allocation Class 4 Shares		14,443,582		(3,636,790	)		10,806,792			20,265,219		(3,285,956	)		16,979,263
American Funds - Growth Class 2 Shares		21,808,276		(167,180,057	)		(145,371,781	)		29,952,136		(117,267,409	)		(87,315,273	)
American Funds - Growth Class 4 Shares		134,205,414		(14,321,411	)		119,884,003			68,191,744		(6,517,159	)		61,674,585
American Funds - Growth-Income Class 2 Shares		21,278,602		(125,531,635	)		(104,253,033	)		15,192,168		(84,868,027	)		(69,675,859	)
American Funds - Growth-Income Class 4 Shares		62,228,229		(6,973,295	)		55,254,934			33,970,665		(4,933,121	)		29,037,544
American Funds - International Class 2 Shares		10,408,033		(33,911,335	)		(23,503,302	)		9,702,259		(23,993,182	)		(14,290,923	)
American Funds - International Class 4 Shares		12,364,584		(2,399,876	)		9,964,708			7,956,759		(2,016,792	)		5,939,967
American Funds - New World Class 4 Shares		6,850,684		(1,007,653	)		5,843,031			5,825,836		(1,343,223	)		4,482,613
American Funds - The Bond Fund of America Class 2 Shares		20,914,055		(30,361,600	)		(9,447,545	)		21,393,907		(28,264,627	)		(6,870,720	)
American Funds - The Bond Fund of America Class 4 Shares		17,395,789		(5,869,120	)		11,526,669			11,052,483		(1,256,519	)		9,795,964
BlackRock Basic Value V.I. Class I Shares		634,659		(2,246,204	)		(1,611,545	)		480,874		(1,716,492	)		(1,235,618	)
BlackRock Global Allocation V.I. Class I Shares		154,222		(941,395	)		(787,173	)		92,991		(984,615	)		(891,624	)
BlackRock High Yield V.I. Class I Shares		198,748		(412,463	)		(213,715	)		50,437		(174,550	)		(124,113	)
Dimensional VA Equity Allocation		188,953		(56,317	)		132,636			275,907		(19,092	)		256,815
Dimensional VA Global Bond		987,122		(781,169	)		205,953			1,164,176		(328,151	)		836,025
Dimensional VA Global Moderate Allocation		674,180		(36,918	)		637,262			98,743		(2,745	)		95,998
Dimensional VA International Small		124,053		(22,535	)		101,518			155,733		(60,624	)		95,109
Dimensional VA International Value		572,220		(93,929	)		478,291			309,065		(91,340	)		217,725
Dimensional VA Short-Term Fixed		1,733,321		(688,549	)		1,044,772			700,905		(233,798	)		467,107
Dimensional VA U.S. Large Value		1,067,190		(216,626	)		850,564			309,575		(60,837	)		248,738
Dimensional VA U.S. Targeted Value		456,872		(130,687	)		326,185			376,396		(325,776	)		50,620
Fidelity® VIP Balanced Service Class 2		29,908,480		(80,069,302	)		(50,160,822	)		30,336,283		(62,321,748	)		(31,985,465	)
Fidelity® VIP Consumer Staples Initial Class		2,564,561		(1,565,043	)		999,518			2,777,651		(1,117,602	)		1,660,049
Fidelity® VIP Contrafund® Initial Class		94		(16,409	)		(16,315	)		10,094		(34,864	)		(24,770	)

74

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
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® Service Class 2	$	85,715,803	$	(157,271,976	)		$  (71,556,173	)	$	49,172,321	$	(97,733,337	)		$  (48,561,016	)
Fidelity® VIP Energy Service Class 2		10,902,372		(6,424,260	)		4,478,112			19,800,553		(15,055,062	)		4,745,491
Fidelity® VIP Equity-Income Initial Class		-		(2,294	)		(2,294	)		-		(2,027	)		(2,027	)
Fidelity® VIP Equity-Income Service Class 2		29,583		(3,794,902	)		(3,765,319	)		144,172		(4,046,479	)		(3,902,307	)
Fidelity® VIP Growth Initial Class		-		(2,032	)		(2,032	)		-		(1,482	)		(1,482	)
Fidelity® VIP Growth Service Class 2		1,649,277		(4,566,295	)		(2,917,018	)		127,017		(4,881,193	)		(4,754,176	)
Fidelity® VIP Growth Opportunities Service Class 2		32,727		(558,749	)		(526,022	)		8,537		(266,457	)		(257,920	)
Fidelity® VIP Health Care Service Class 2		7,451,806		(2,548,739	)		4,903,067			8,163,183		(1,271,469	)		6,891,714
Fidelity® VIP Mid Cap Initial Class		6,299		(3,308	)		2,991			4,183		(6,857	)		(2,674	)
Fidelity® VIP Mid Cap Service Class 2		34,203,827		(51,421,772	)		(17,217,945	)		19,451,706		(35,727,824	)		(16,276,118	)
Fidelity® VIP Technology Initial Class		50,598,952		(12,740,607	)		37,858,345			32,519,384		(13,986,827	)		18,532,557
Fidelity® VIP Utilities Initial Class		4,838,280		(2,196,697	)		2,641,583			3,217,677		(1,656,660	)		1,561,017
Fidelity® VIP Value Strategies Initial Class		892		(113,291	)		(112,399	)		86,669		(44,861	)		41,808
Fidelity® VIP Value Strategies Service Class 2		21,282,762		(40,219,706	)		(18,936,944	)		21,692,352		(48,674,976	)		(26,982,624	)
Franklin Allocation Class 4 Shares		56,975		(7,737,332	)		(7,680,357	)		16,071		(6,400,772	)		(6,384,701	)
Franklin Income Class 2 Shares		53,757		(4,944,495	)		(4,890,738	)		76,023		(5,497,000	)		(5,420,977	)
Franklin Mutual Shares Class 2 Shares		31,713		(1,307,946	)		(1,276,233	)		608		(1,070,595	)		(1,069,987	)
Franklin Templeton Foreign Class 2 Shares		51,734		(1,802,425	)		(1,750,691	)		35,862		(1,662,562	)		(1,626,700	)
Invesco V.I. American Franchise Series II Shares		3,680		(599,868	)		(596,188	)		1,388		(748,091	)		(746,703	)
Janus Henderson - Enterprise Service Shares		77,797		(3,777,506	)		(3,699,709	)		67,008		(1,388,011	)		(1,321,003	)
Janus Henderson - Global Research Service Shares		610,064		(2,932,256	)		(2,322,192	)		6,129		(1,937,629	)		(1,931,500	)
Janus Henderson - Mid Cap Value Service Shares		2,197		(85,503	)		(83,306	)		2,622		(176,414	)		(173,792	)
MFS® New Discovery Service Class		115,624		(4,486,559	)		(4,370,935	)		42,127		(3,066,272	)		(3,024,145	)
MFS® Total Return Service Class		90,470		(3,929,386	)		(3,838,916	)		140,176		(3,351,205	)		(3,211,029	)
NVIT Emerging Markets Class D Shares		-		(54	)		(54	)		-		(4,018	)		(4,018	)
State Street Total Return V.I.S. Class 3 Shares		2,345,132		(6,591,985	)		(4,246,853	)		3,278,530		(7,815,840	)		(4,537,310	)
TA 60/40 Allocation Service Class		6,432,389		(12,852,317	)		(6,419,928	)		19,862,744		(6,044,221	)		13,818,523
TA Aegon Bond Initial Class		10,552,502		(12,621,011	)		(2,068,509	)		8,490,593		(14,018,368	)		(5,527,775	)

75

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
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 Aegon Bond Service Class	$	16,215,859	$	(68,034,503	)		$  (51,818,644	)	$	9,813,152	$	(63,625,401	)		$  (53,812,249	)
TA Aegon Core Bond Service Class		20,996,048		(35,742,224	)		(14,746,176	)		16,411,808		(29,705,152	)		(13,293,344	)
TA Aegon High Yield Bond Initial Class		3,704,722		(6,129,364	)		(2,424,642	)		3,034,613		(6,020,163	)		(2,985,550	)
TA Aegon High Yield Bond Service Class		8,073,697		(19,151,470	)		(11,077,773	)		7,456,591		(15,819,471	)		(8,362,880	)
TA Aegon Sustainable Equity Income Initial Class		1,530,300		(22,015,599	)		(20,485,299	)		625,633		(23,707,759	)		(23,082,126	)
TA Aegon Sustainable Equity Income Service Class		4,362,307		(17,784,299	)		(13,421,992	)		4,799,021		(16,648,544	)		(11,849,523	)
TA Aegon U.S. Government Securities Initial Class		9,547,096		(11,564,939	)		(2,017,843	)		6,928,983		(9,671,361	)		(2,742,378	)
TA Aegon U.S. Government Securities Service Class		34,494,402		(95,994,842	)		(61,500,440	)		56,512,478		(115,062,075	)		(58,549,597	)
TA American Funds Managed Risk - Balanced Service Class		12,824,939		(129,827,109	)		(117,002,170	)		11,901,221		(90,760,335	)		(78,859,114	)
TA BlackRock Government Money Market Initial Class		24,831,282		(37,421,262	)		(12,589,980	)		24,949,642		(28,582,087	)		(3,632,445	)
TA BlackRock Government Money Market Service Class		241,549,412		(356,371,396	)		(114,821,984	)		199,162,129		(258,835,183	)		(59,673,054	)
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		5,943,450		(36,809,386	)		(30,865,936	)		6,044,401		(35,344,645	)		(29,300,244	)
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		17,702,685		(130,390,384	)		(112,687,699	)		38,736,508		(118,754,386	)		(80,017,878	)
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		10,138,289		(56,019,476	)		(45,881,187	)		11,324,033		(42,373,209	)		(31,049,176	)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		9,237,411		(108,261,277	)		(99,023,866	)		11,449,501		(104,448,193	)		(92,998,692	)
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		5,193,821		(53,770,487	)		(48,576,666	)		9,009,180		(44,165,706	)		(35,156,526	)
TA BlackRock iShares Edge 100 Service Class		7,826,983		(8,922,721	)		(1,095,738	)		4,049,717		(6,194,745	)		(2,145,028	)
TA BlackRock iShares Edge 40 Initial Class		1,050,617		(2,608,748	)		(1,558,131	)		526,066		(1,681,841	)		(1,155,775	)
TA BlackRock iShares Edge 40 Service Class		2,775,849		(31,084,398	)		(28,308,549	)		3,052,359		(28,900,017	)		(25,847,658	)
TA BlackRock iShares Edge 50 Service Class		8,265,107		(57,132,771	)		(48,867,664	)		6,202,794		(42,110,080	)		(35,907,286	)
TA BlackRock iShares Edge 75 Service Class		9,809,519		(26,062,475	)		(16,252,956	)		7,595,303		(27,731,032	)		(20,135,729	)
TA BlackRock iShares Tactical - Balanced Service Class		1,854,422		(56,835,666	)		(54,981,244	)		3,060,903		(44,491,958	)		(41,431,055	)
TA BlackRock iShares Tactical - Conservative Service Class		2,858,304		(29,358,436	)		(26,500,132	)		4,393,323		(23,744,638	)		(19,351,315	)
TA BlackRock iShares Tactical - Growth Service Class		8,648,368		(43,908,056	)		(35,259,688	)		5,034,117		(33,388,607	)		(28,354,490	)
TA BlackRock Real Estate Securities Initial Class		976,074		(2,423,013	)		(1,446,939	)		711,163		(2,810,050	)		(2,098,887	)

76

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
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 BlackRock Real Estate Securities Service Class	$	5,742,193	$	(11,047,494	)	$	(5,305,301	)	$	4,257,465	$	(8,688,825	)	$	(4,431,360	)
TA BlackRock Tactical Allocation Service Class		5,958,758		(158,632,019	)		(152,673,261	)		9,726,948		(129,708,166	)		(119,981,218	)
TA Goldman Sachs 70/30 Service Class		1,915,379		(227,149	)		1,688,230			1,600,528		(166,349	)		1,434,179
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		18,566,926		(612,856,977	)		(594,290,051	)		24,504,616		(496,313,517	)		(471,808,901	)
TA Goldman Sachs Managed Risk - Conservative ETF Service Class		7,204,618		(73,893,905	)		(66,689,287	)		11,138,569		(69,085,421	)		(57,946,852	)
TA Goldman Sachs Managed Risk - Growth ETF Service Class		21,614,503		(321,233,567	)		(299,619,064	)		18,972,918		(243,033,735	)		(224,060,817	)
TA Great Lakes Advisors Large Cap Value Service Class		11,678,529		(10,241,209	)		1,437,320			8,239,181		(11,441,975	)		(3,202,794	)
TA International Focus Initial Class		3,247,999		(6,889,706	)		(3,641,707	)		2,152,477		(6,541,540	)		(4,389,063	)
TA International Focus Service Class		6,526,976		(11,597,919	)		(5,070,943	)		3,247,923		(13,072,713	)		(9,824,790	)
TA Janus Balanced Service Class		28,097,875		(169,483,964	)		(141,386,089	)		26,658,436		(121,332,935	)		(94,674,499	)
TA Janus Mid-Cap Growth Initial Class		2,156,947		(11,427,496	)		(9,270,549	)		3,988,994		(7,642,752	)		(3,653,758	)
TA Janus Mid-Cap Growth Service Class		17,078,111		(27,127,745	)		(10,049,634	)		13,381,815		(19,079,564	)		(5,697,749	)
TA JPMorgan Asset Allocation - Conservative Initial Class		8,803,661		(17,417,448	)		(8,613,787	)		7,825,340		(17,036,768	)		(9,211,428	)
TA JPMorgan Asset Allocation - Conservative Service Class		10,274,685		(102,461,824	)		(92,187,139	)		12,671,903		(106,003,902	)		(93,331,999	)
TA JPMorgan Asset Allocation - Growth Initial Class		8,146,427		(26,257,936	)		(18,111,509	)		4,307,215		(17,288,366	)		(12,981,151	)
TA JPMorgan Asset Allocation - Growth Service Class		15,915,498		(33,196,069	)		(17,280,571	)		10,038,680		(25,099,132	)		(15,060,452	)
TA JPMorgan Asset Allocation - Moderate Initial Class		15,779,230		(35,609,876	)		(19,830,646	)		14,121,357		(30,389,291	)		(16,267,934	)
TA JPMorgan Asset Allocation - Moderate Service Class		26,215,242		(606,109,537	)		(579,894,295	)		17,499,822		(494,106,450	)		(476,606,628	)
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		9,573,987		(50,243,825	)		(40,669,838	)		10,850,173		(43,492,359	)		(32,642,186	)
TA JPMorgan Asset Allocation - Moderate Growth Service Class		18,757,808		(398,584,144	)		(379,826,336	)		15,506,951		(341,130,342	)		(325,623,391	)
TA JPMorgan Enhanced Index Initial Class		9,200,633		(20,411,491	)		(11,210,858	)		7,013,837		(13,786,506	)		(6,772,669	)
TA JPMorgan Enhanced Index Service Class		23,983,174		(22,696,416	)		1,286,758			16,517,943		(16,602,883	)		(84,940	)
TA JPMorgan International Moderate Growth Initial Class		2,583		(770	)		1,813			-		(1,469	)		(1,469	)
TA JPMorgan International Moderate Growth Service Class		5,734,934		(56,660,716	)		(50,925,782	)		5,316,178		(54,940,344	)		(49,624,166	)

77

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
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 JPMorgan Tactical Allocation Service Class	$	5,040,627	$	(129,354,528	)	$	(124,313,901	)	$	9,327,911	$	(110,550,963	)	$	(101,223,052	)
TA Madison Diversified Income Service Class		4,615,504		(22,820,643	)		(18,205,139	)		5,637,621		(22,084,511	)		(16,446,890	)
TA Market Participation Strategy Service Class		5,893,998		(61,768,499	)		(55,874,501	)		6,118,291		(46,100,053	)		(39,981,762	)
TA Morgan Stanley Global Allocation Service Class		7,532,493		(133,957,958	)		(126,425,465	)		8,378,488		(124,397,536	)		(116,019,048	)
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class		2,215,484		(29,500,991	)		(27,285,507	)		3,256,499		(23,613,061	)		(20,356,562	)
TA MSCI EAFE Index Service Class		18,045,572		(7,559,106	)		10,486,466			11,770,835		(10,842,697	)		928,138
TA Multi-Managed Balanced Initial Class		3,207,077		(12,201,945	)		(8,994,868	)		5,925,384		(7,494,386	)		(1,569,002	)
TA Multi-Managed Balanced Service Class		20,357,874		(241,070,939	)		(220,713,065	)		18,824,880		(173,529,817	)		(154,704,937	)
TA PineBridge Inflation Opportunities Service Class		3,497,890		(26,171,468	)		(22,673,578	)		7,996,987		(31,543,669	)		(23,546,682	)
TA ProFunds UltraBear Service Class (OAM)		15,364,044		(4,056,420	)		11,307,624			-		-			-
TA S&P 500 Index Initial Class		10,608,839		(323,521	)		10,285,318			1,223,308		(372,084	)		851,224
TA S&P 500 Index Service Class		184,026,345		(69,952,159	)		114,074,186			103,298,606		(58,242,573	)		45,056,033
TA Small/Mid Cap Value Initial Class		1,078,688		(11,239,231	)		(10,160,543	)		583,819		(9,000,579	)		(8,416,760	)
TA Small/Mid Cap Value Service Class		16,501,029		(25,314,195	)		(8,813,166	)		14,253,556		(21,153,954	)		(6,900,398	)
TA T. Rowe Price Small Cap Initial Class		3,005,966		(15,938,882	)		(12,932,916	)		3,808,439		(9,527,184	)		(5,718,745	)
TA T. Rowe Price Small Cap Service Class		36,718,130		(53,632,569	)		(16,914,439	)		21,376,936		(36,923,966	)		(15,547,030	)
TA TSW International Equity Initial Class		3,627,371		(9,372,590	)		(5,745,219	)		5,735,332		(8,488,228	)		(2,752,896	)
TA TSW International Equity Service Class		7,123,421		(10,322,951	)		(3,199,530	)		6,729,619		(8,965,579	)		(2,235,960	)
TA TSW Mid Cap Value Opportunities Service Class		9,694,293		(33,855,629	)		(24,161,336	)		13,008,498		(35,132,312	)		(22,123,814	)
TA WMC US Growth Initial Class		13,154,486		(90,760,685	)		(77,606,199	)		210,204,952		(64,261,856	)		145,943,096
TA WMC US Growth Service Class		59,701,630		(130,193,511	)		(70,491,881	)		419,568,446		(68,152,673	)		351,415,773
Vanguard® Balanced		9,561,587		(4,340,502	)		5,221,085			13,238,412		(3,099,933	)		10,138,479
Vanguard® Capital Growth		954,704		(707,263	)		247,441			1,241,057		(823,575	)		417,482
Vanguard® Conservative Allocation		3,195,593		(562,171	)		2,633,422			2,246,789		(262,254	)		1,984,535
Vanguard® Diversified Value		530,788		(562,790	)		(32,002	)		681,063		(68,923	)		612,140
Vanguard® Equity Income		1,924,506		(723,007	)		1,201,499			867,167		(408,682	)		458,485
Vanguard® Equity Index		1,765,502		(3,182,424	)		(1,416,922	)		3,154,634		(2,194,659	)		959,975
Vanguard® Global Bond Index		154,912		(47,301	)		107,611			257,171		(45,696	)		211,475

78

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
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® Growth	$	9,768,568	$	(845,452	)	$	8,923,116		$	930,627	$	(493,626	)	$	437,001
Vanguard® High Yield Bond		1,663,393		(319,848	)		1,343,545			771,638		(59,721	)		711,917
Vanguard® International		1,562,026		(1,399,240	)		162,786			1,951,220		(1,021,864	)		929,356
Vanguard® Mid-Cap Index		14,511,848		(2,881,483	)		11,630,365			8,445,558		(1,954,898	)		6,490,660
Vanguard® Moderate Allocation		6,468,230		(4,380,180	)		2,088,050			5,822,126		(1,614,246	)		4,207,880
Vanguard® Money Market		5,915,771		(4,398,938	)		1,516,833			9,781,243		(7,174,577	)		2,606,666
Vanguard® Real Estate Index		7,728,711		(880,346	)		6,848,365			441,811		(547,161	)		(105,350	)
Vanguard® Short-Term Investment Grade		3,292,050		(1,627,957	)		1,664,093			6,378,690		(1,825,736	)		4,552,954
Vanguard® Total Bond Market Index		7,390,719		(3,510,050	)		3,880,669			3,828,050		(2,132,035	)		1,696,015
Vanguard® Total International Stock Market Index		2,600,170		(1,309,321	)		1,290,849			1,460,608		(950,280	)		510,328
Vanguard® Total Stock Market Index		5,027,727		(3,511,813	)		1,515,914			5,810,627		(1,130,259	)		4,680,368
Voya Global Perspectives Class S Shares		990		(16,256	)		(15,266	)		990		(12,318	)		(11,328	)
Voya Large Cap Value Class S Shares		-		(69	)		(69	)		22		(11	)		11
Wanger Acorn		-		-			-			-		-			-
Wanger International		94		(12,629	)		(12,535	)		81,427		(92,923	)		(11,496	)

79

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

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
Subaccount			Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
AB Balanced Hedged Allocation Class B Shares
	12/31/2024			15,105,269		$18.22	to	$12.49	$	62,547,297		1.75	%		0.40	%	to	2.85	%		8.14	%	to	5.55	%
	12/31/2023			18,016,973		16.85	to	11.83		67,924,719		0.91			0.40		to	2.85			12.21		to	9.55
	12/31/2022			20,382,589		15.02	to	10.80		68,221,047		3.03			0.40		to	2.85			(19.49	)	to	(21.41	)
	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
AB Large Cap Growth Class B Shares
	12/31/2024			5,301,493		7.84	to	29.84		27,818,295		-			0.30		to	2.80			24.58		to	21.53
	12/31/2023			6,062,153		6.29	to	24.55		25,855,468		-			0.30		to	2.80			34.38		to	31.13
	12/31/2022			6,694,830		4.68	to	18.72		21,598,227		-			0.30		to	2.80			(28.90	)	to	(30.63	)
	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
AB Relative Value Class B Shares
	12/31/2024			41,060,539		4.28	to	17.27		252,530,414		1.25			0.30		to	2.80			12.43		to	9.68
	12/31/2023			45,826,690		3.81	to	15.75		252,527,102		1.27			0.30		to	2.80			11.39		to	8.69
	12/31/2022			52,215,761		3.42	to	14.49		253,718,317		1.10			0.30		to	2.80			(4.70	)	to	(7.02	)
	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	)
American Funds - Asset Allocation Class 2 Shares
	12/31/2024			99,785,247		24.60	to	15.78		643,112,279		2.09			0.60		to	2.95			15.74		to	13.08
	12/31/2023			117,496,772		21.25	to	13.95		655,500,152		2.17			0.60		to	2.95			13.59		to	11.00
	12/31/2022			133,628,079		18.71	to	12.57		658,825,848		1.84			0.60		to	2.95			(13.92	)	to	(15.88	)
	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
American Funds - Asset Allocation Class 4 Shares
	12/31/2024			4,815,607		15.39	to	14.15		70,676,441		2.12			0.40		to	2.20			15.64		to	13.57
	12/31/2023			4,038,684		13.31	to	12.46		51,793,639		2.37			0.40		to	2.20			13.57		to	11.55
	12/31/2022			2,607,001		11.72	to	11.17		29,772,601		1.92			0.40		to	2.20			(14.01	)	to	(15.54	)
	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
	12/31/2024			34,291,225		55.81	to	30.99		1,008,499,520		0.33			0.60		to	2.95			30.83		to	27.84
	12/31/2023			40,066,362		42.66	to	24.24		905,289,115		0.36			0.60		to	2.95			37.66		to	34.53
	12/31/2022			44,785,334		30.99	to	18.02		739,271,958		0.32			0.60		to	2.95			(30.36	)	to	(31.94	)
	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
American Funds - Growth Class 4 Shares
	12/31/2024			16,292,571		23.02	to	21.16		357,360,893		0.17			0.33		to	2.13			30.86		to	28.52
	12/31/2023			10,231,206		17.59	to	16.47		173,243,164		0.18			0.33		to	2.13			37.68		to	35.24
	12/31/2022			6,068,608		12.77	to	12.18		75,410,935		0.11			0.33		to	2.13			(30.34	)	to	(31.59	)
	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
	12/31/2024			31,429,642		39.13	to	21.91		649,827,838		1.07			0.60		to	2.95			23.48		to	20.65
	12/31/2023			37,114,846		31.69	to	18.16		623,307,981		1.35			0.60		to	2.95			25.39		to	22.54
	12/31/2022			42,147,647		25.27	to	14.82		565,155,508		1.26			0.60		to	2.95			(16.99	)	to	(18.88	)
	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

80

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

			At December 31								For the Year Ended December 31
Subaccount			Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
American Funds - Growth-Income Class 4 Shares
	12/31/2024			8,789,306		$19.91	to	$18.31	$	166,980,958		1.08	%		0.33	%	to	2.13	%		23.51	%	to	21.29	%
	12/31/2023			5,697,599		16.12	to	15.09		88,521,439		1.37			0.33		to	2.13			25.41		to	23.18
	12/31/2022			3,580,600		12.86	to	12.25		44,815,167		1.23			0.33		to	2.13			(16.98	)	to	(18.46	)
	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	-
American Funds - International Class 2 Shares
	12/31/2024			27,490,771		15.22	to	11.88		183,247,362		1.15			0.60		to	2.95			2.54		to	0.19
	12/31/2023			30,930,665		14.85	to	11.85		202,507,533		1.29			0.60		to	2.95			15.15		to	12.53
	12/31/2022			33,890,694		12.89	to	10.53		190,941,815		1.71			0.60		to	2.95			(21.26	)	to	(23.05	)
	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
American Funds - International Class 4 Shares
	12/31/2024			2,838,212		12.77	to	11.74		34,575,346		1.12			0.33		to	2.13			2.59		to	0.75
	12/31/2023			2,056,088		12.45	to	11.65		24,678,048		1.22			0.33		to	2.13			15.18		to	13.13
	12/31/2022			1,534,693		10.81	to	10.30		16,159,481		1.66			0.33		to	2.13			(21.28	)	to	(22.68	)
	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
	12/31/2024			1,444,346		14.20	to	13.05		19,567,603		1.30			0.35		to	2.15			5.96		to	4.06
	12/31/2023			1,016,305		13.40	to	12.54		13,127,105		1.44			0.35		to	2.15			15.27		to	13.22
	12/31/2022			648,308		11.63	to	11.08		7,346,732		1.15			0.35		to	2.15			(22.52	)	to	(23.90	)
	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
	12/31/2024			49,004,751		11.16	to	9.11		195,360,352		4.07			0.60		to	2.95			0.55		to	(1.76	)
	12/31/2023			52,481,229		11.10	to	9.27		205,754,769		3.44			0.60		to	2.95			4.39		to	2.02
	12/31/2022			54,788,400		10.64	to	9.09		205,927,941		2.83			0.60		to	2.95			(13.10	)	to	(15.08	)
	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
American Funds - The Bond Fund of America Class 4 Shares
	12/31/2024			3,877,079		9.48	to	8.72		35,067,290		4.43			0.31		to	2.11			0.66		to	(1.14	)
	12/31/2023			2,584,125		9.42	to	8.82		23,472,254		3.86			0.31		to	2.11			4.40		to	2.54
	12/31/2022			1,480,104		9.02	to	8.60		12,995,937		2.87			0.31		to	2.11			(13.02	)	to	(14.57	)
	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
	12/31/2024			3,935,129		3.81	to	15.19		18,032,903		2.01			1.25		to	2.65			9.00		to	7.51
	12/31/2023			4,274,831		3.49	to	14.13		18,096,054		1.77			1.25		to	2.65			15.17		to	13.61
	12/31/2022			4,611,591		3.03	to	12.44		16,931,268		1.42			1.25		to	2.65			(6.09	)	to	(7.37	)
	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
BlackRock Global Allocation V.I. Class I Shares
	12/31/2024			2,824,571		4.01	to	13.47		7,726,926		1.31			1.25		to	2.65			7.88		to	6.40
	12/31/2023			3,100,120		3.72	to	12.66		7,932,144		2.13			1.25		to	2.65			11.44		to	9.92
	12/31/2022			3,447,241		3.33	to	11.51		7,994,086		-			1.25		to	2.65			(16.90	)	to	(18.03	)
	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
BlackRock High Yield V.I. Class I Shares
	12/31/2024			822,784		3.31	to	12.16		2,570,000		6.95			1.25		to	2.65			6.92		to	5.46
	12/31/2023			891,751		3.09	to	11.53		2,614,880		6.56			1.25		to	2.65			11.80		to	10.28
	12/31/2022			937,485		2.77	to	10.46		2,463,283		5.31			1.25		to	2.65			(11.45	)	to	(12.65	)
	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

81

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
Dimensional VA Equity Allocation
	12/31/2024		128,815		$16.50	to	$16.33	$	2,119,149		1.98	%		0.27	%	to	0.47	%		14.79	%	to	14.56	%
	12/31/2023		120,642		14.37	to	14.26		1,729,713		2.40			0.27		to	0.47			19.82		to	19.58
	12/31/2022		101,956		11.99	to	11.92		1,220,469		1.92			0.27		to	0.47			(13.91	)	to	(14.09	)
	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
Dimensional VA Global Bond
	12/31/2024		329,428		10.28	to	9.21		3,237,883		5.11			0.27		to	2.60			5.10		to	2.67
	12/31/2023		307,925		9.78	to	8.98		2,909,169		5.08			0.27		to	2.60			4.77		to	2.36
	12/31/2022		217,471		9.34	to	8.77		1,982,769		1.85			0.27		to	2.60			(6.59	)	to	(8.73	)
	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
Dimensional VA Global Moderate Allocation
	12/31/2024		101,673		14.39	to	14.24		1,462,558		3.26			0.27		to	0.47			11.69		to	11.46
	12/31/2023		55,338		12.88	to	12.78		712,676		2.88			0.27		to	0.47			14.42		to	14.19
	12/31/2022		47,075		11.26	to	11.19		529,889		3.35			0.27		to	0.47			(11.20	)	to	(11.37	)
	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
Dimensional VA International Small
	12/31/2024		80,831		12.24	to	12.12		988,745		3.66			0.27		to	0.47			3.54		to	3.33
	12/31/2023		72,742		11.82	to	11.73		859,817		3.30			0.27		to	0.47			13.80		to	13.58
	12/31/2022		64,378		10.39	to	10.33		668,692		3.28			0.27		to	0.47			(17.87	)	to	(18.03	)
	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
Dimensional VA International Value
	12/31/2024		118,829		13.93	to	13.79		1,654,489		4.69			0.27		to	0.47			6.33		to	6.12
	12/31/2023		84,288		13.10	to	13.00		1,103,871		5.26			0.27		to	0.47			17.54		to	17.31
	12/31/2022		67,116		11.15	to	11.08		747,852		4.36			0.27		to	0.47			(3.72	)	to	(3.91	)
	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	)
Dimensional VA Short-Term Fixed
	12/31/2024		247,352		10.84	to	10.73		2,678,957		6.25			0.27		to	0.47			5.20		to	4.99
	12/31/2023		148,930		10.31	to	10.22		1,532,735		4.49			0.27		to	0.47			4.70		to	4.49
	12/31/2022		102,470		9.84	to	9.78		1,007,153		1.46			0.27		to	0.47			(1.42	)	to	(1.62	)
	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
Dimensional VA U.S. Large Value
	12/31/2024		181,441		14.83	to	14.68		2,684,952		2.34			0.27		to	0.47			13.08		to	12.85
	12/31/2023		121,902		13.11	to	13.01		1,594,443		2.51			0.27		to	0.47			10.62		to	10.40
	12/31/2022		101,597		11.86	to	11.78		1,201,596		2.74			0.27		to	0.47			(5.13	)	to	(5.32	)
	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	)
Dimensional VA U.S. Targeted Value
	12/31/2024		98,484		17.81	to	17.63		1,751,413		1.59			0.27		to	0.47			7.84		to	7.63
	12/31/2023		79,486		16.51	to	16.38		1,311,280		1.52			0.27		to	0.47			19.71		to	19.47
	12/31/2022		76,895		13.79	to	13.71		1,060,221		1.84			0.27		to	0.47			(4.47	)	to	(4.66	)
	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
Fidelity® VIP Balanced Service Class 2
	12/31/2024		72,222,769		3.69	to	18.35		488,223,926		1.68			0.30		to	2.65			15.28		to	12.63
	12/31/2023		82,360,131		3.20	to	16.29		474,442,207		1.54			0.30		to	2.65			20.87		to	18.11
	12/31/2022		90,884,668		2.65	to	13.79		426,076,806		1.04			0.30		to	2.65			(18.43	)	to	(20.30	)
	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

82

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

			At December 31								For the Year Ended December 31
Subaccount			Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
Fidelity® VIP Consumer Staples Initial Class
	12/31/2024			449,369		$14.78	to	$13.59	$	6,362,727		2.26	%		0.70	%	to	2.50	%		4.83	%	to	2.95	%
	12/31/2023			377,482		14.10	to	13.20		5,142,722		2.12			0.70		to	2.50			2.42		to	0.60
	12/31/2022			255,802		13.76	to	13.12		3,426,928		2.02			0.70		to	2.50			(1.31	)	to	(3.06	)
	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
	12/31/2024			12,541		5.79	to	26.17		108,094		0.19			0.30		to	2.70			33.39		to	30.26
	12/31/2023			13,437		4.34	to	20.09		95,817		0.47			0.30		to	2.70			33.05		to	29.96
	12/31/2022			17,526		3.27	to	15.46		97,922		0.43			0.30		to	2.70			(26.53	)	to	(28.25	)
	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
Fidelity® VIP Contrafund® Service Class 2
	12/31/2024			76,807,430		6.83	to	25.58		998,060,286		0.03			0.30		to	2.80			33.05		to	29.80
	12/31/2023			85,312,133		5.13	to	19.71		818,065,180		0.26			0.30		to	2.80			32.72		to	29.50
	12/31/2022			91,926,554		3.87	to	15.22		664,973,940		0.26			0.30		to	2.80			(26.71	)	to	(28.49	)
	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
Fidelity® VIP Energy Service Class 2
	12/31/2024			827,350		28.38	to	26.10		22,375,264		2.25			0.50		to	2.30			3.50		to	1.64
	12/31/2023			667,690		27.42	to	25.68		17,617,012		2.45			0.50		to	2.30			0.20		to	(1.58	)
	12/31/2022			505,201		27.37	to	26.09		13,435,529		2.46			0.50		to	2.30			62.06		to	59.18
	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
	12/31/2024			18,491		3.11	to	16.96		58,820		1.78			0.30		to	2.70			15.00		to	12.30
	12/31/2023			19,236		2.70	to	15.10		53,451		1.94			0.30		to	2.70			10.32		to	7.75
	12/31/2022			20,012		2.45	to	14.02		50,635		1.88			0.30		to	2.70			(5.24	)	to	(7.45	)
	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
Fidelity® VIP Equity-Income Service Class 2
	12/31/2024			9,039,595		3.88	to	16.57		30,534,972		1.55			0.30		to	2.80			14.71		to	11.91
	12/31/2023			10,178,460		3.38	to	14.81		30,367,510		1.70			0.30		to	2.80			10.05		to	7.38
	12/31/2022			11,579,284		3.07	to	13.79		31,755,838		1.66			0.30		to	2.80			(5.53	)	to	(7.82	)
	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
Fidelity® VIP Growth Initial Class
	12/31/2024			5,806		7.78	to	34.15		38,019		-			0.30		to	2.70			30.00		to	26.95
	12/31/2023			6,146		5.98	to	26.90		31,107		0.13			0.30		to	2.70			35.83		to	32.67
	12/31/2022			6,487		4.40	to	20.27		24,291		0.62			0.30		to	2.70			(24.68	)	to	(26.44	)
	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
Fidelity® VIP Growth Service Class 2
	12/31/2024			7,228,451		8.57	to	33.43		41,333,746		-			0.30		to	2.80			29.68		to	26.51
	12/31/2023			7,797,178		6.61	to	26.42		34,909,236		-			0.30		to	2.80			35.48		to	32.20
	12/31/2022			8,996,136		4.88	to	19.99		30,132,579		0.36			0.30		to	2.80			(24.87	)	to	(26.69	)
	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
Fidelity® VIP Growth Opportunities Service Class 2
	12/31/2024			433,095		44.25	to	39.17		3,294,242		-			1.25		to	2.80			36.84		to	34.77
	12/31/2023			512,379		32.34	to	29.06		2,839,309		-			1.25		to	2.80			43.52		to	41.36
	12/31/2022			566,491		22.53	to	20.56		2,200,748		-			1.25		to	2.80			(39.08	)	to	(40.00	)
	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

83

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

			At December 31								For the Year Ended December 31
Subaccount			Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
Fidelity® VIP Health Care Service Class 2
	12/31/2024			1,812,699		$12.51	to	$11.50	$	21,668,103		-	%		0.50	%	to	2.30	%		4.33	%	to	2.46	%
	12/31/2023			1,414,284		11.99	to	11.23		16,350,368		-			0.50		to	2.30			3.49		to	1.65
	12/31/2022			798,771		11.59	to	11.04		9,004,288		-			0.50		to	2.30			(13.05	)	to	(14.60	)
	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
	12/31/2024			7,526		4.00	to	17.23		70,376		0.57			0.30		to	2.70			17.14		to	14.39
	12/31/2023			8,182		3.41	to	15.06		57,825		0.61			0.30		to	2.70			14.73		to	12.06
	12/31/2022			10,501		2.97	to	13.44		53,442		0.45			0.30		to	2.70			(15.00	)	to	(16.98	)
	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
Fidelity® VIP Mid Cap Service Class 2
	12/31/2024			39,115,304		4.85	to	16.92		375,339,733		0.35			0.30		to	2.80			16.82		to	13.97
	12/31/2023			42,354,398		4.15	to	14.84		340,699,765		0.39			0.30		to	2.80			14.46		to	11.68
	12/31/2022			45,613,090		3.63	to	13.29		316,552,322		0.26			0.30		to	2.80			(15.22	)	to	(17.28	)
	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
Fidelity® VIP Technology Initial Class
	12/31/2024			3,824,445		27.60	to	25.38		100,567,757		-			0.70		to	2.50			34.64		to	32.23
	12/31/2023			2,212,243		20.50	to	19.19		43,654,201		0.16			0.70		to	2.50			57.22		to	54.43
	12/31/2022			1,156,410		13.04	to	12.43		14,669,451		-			0.70		to	2.50			(36.30	)	to	(37.44	)
	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
	12/31/2024			574,775		17.80	to	16.37		9,773,856		2.24			0.70		to	2.50			28.10		to	25.80
	12/31/2023			413,908		13.90	to	13.01		5,546,884		2.43			0.70		to	2.50			(1.72	)	to	(3.47	)
	12/31/2022			295,507		14.14	to	13.48		4,063,657		2.07			0.70		to	2.50			4.69		to	2.83
	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
	12/31/2024			44,617		3.53	to	18.90		440,992		0.92			0.30		to	2.50			9.07		to	6.72
	12/31/2023			68,984		3.23	to	17.71		507,495		1.20			0.30		to	2.50			20.49		to	17.91
	12/31/2022			51,589		2.68	to	15.02		384,531		1.10			0.30		to	2.50			(7.30	)	to	(9.29	)
	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
Fidelity® VIP Value Strategies Service Class 2
	12/31/2024			29,942,057		4.55	to	18.34		241,052,295		0.77			0.30		to	2.80			8.83		to	6.17
	12/31/2023			32,815,104		4.18	to	17.27		241,899,996		0.89			0.30		to	2.80			20.25		to	17.33
	12/31/2022			37,320,508		3.48	to	14.72		229,047,613		0.88			0.30		to	2.80			(7.63	)	to	(9.87	)
	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
Franklin Allocation Class 4 Shares
	12/31/2024			16,287,599		2.03	to	12.55		42,505,855		1.89			0.60		to	2.80			8.23		to	5.91
	12/31/2023			19,249,639		1.87	to	11.85		46,977,467		1.31			0.60		to	2.80			13.94		to	11.51
	12/31/2022			22,038,394		1.64	to	10.63		47,702,927		1.50			0.60		to	2.80			(16.69	)	to	(18.47	)
	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
Franklin Income Class 2 Shares
	12/31/2024			16,601,541		2.03	to	12.62		31,464,117		5.20			1.00		to	2.80			6.14		to	4.27
	12/31/2023			19,220,833		1.91	to	12.10		34,524,329		5.19			1.00		to	2.80			7.55		to	5.67
	12/31/2022			22,392,372		1.78	to	11.45		37,594,864		4.85			1.00		to	2.80			(6.41	)	to	(8.04	)
	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	)

84

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
Franklin Mutual Shares Class 2 Shares
	12/31/2024		4,548,110		$1.97	to	$12.69	$	8,443,401		1.94	%		1.00	%	to	2.80	%		10.16	%	to	8.22	%
	12/31/2023		5,237,841		1.79	to	11.73		8,898,993		1.87			1.00		to	2.80			12.34		to	10.38
	12/31/2022		5,920,823		1.59	to	10.63		9,000,977		1.83			1.00		to	2.80			(8.35	)	to	(9.95	)
	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	)
Franklin Templeton Foreign Class 2 Shares
	12/31/2024		9,975,714		1.17	to	10.12		10,778,939		2.41			1.00		to	2.80			(1.98	)	to	(3.71	)
	12/31/2023		11,511,406		1.20	to	10.51		12,776,212		3.24			1.00		to	2.80			19.57		to	17.48
	12/31/2022		13,094,418		1.00	to	8.94		12,216,487		3.06			1.00		to	2.80			(8.52	)	to	(10.12	)
	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	)
Invesco V.I. American Franchise Series II Shares
	12/31/2024		1,447,225		5.20	to	27.10		6,458,873		-			0.30		to	2.80			34.16		to	30.88
	12/31/2023		1,598,373		3.87	to	20.70		5,380,977		-			0.30		to	2.80			40.18		to	36.78
	12/31/2022		1,850,551		2.76	to	15.14		4,496,437		-			0.30		to	2.80			(31.50	)	to	(33.17	)
	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
Janus Henderson - Enterprise Service Shares
	12/31/2024		3,581,085		7.42	to	21.29		15,556,069		0.64			0.30		to	2.80			14.98		to	12.16
	12/31/2023		4,510,553		6.45	to	18.98		17,081,165		0.09			0.30		to	2.80			17.42		to	14.58
	12/31/2022		4,884,256		5.49	to	16.57		15,959,583		0.27			0.30		to	2.80			(16.40	)	to	(18.43	)
	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
Janus Henderson - Global Research Service Shares
	12/31/2024		8,024,909		4.15	to	21.26		20,266,507		0.59			0.30		to	2.80			22.90		to	19.89
	12/31/2023		8,973,319		3.38	to	17.73		18,716,834		0.77			0.30		to	2.80			26.09		to	23.04
	12/31/2022		9,960,358		2.68	to	14.41		16,749,220		1.47			0.30		to	2.80			(19.85	)	to	(21.80	)
	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
Janus Henderson - Mid Cap Value Service Shares
	12/31/2024		760,008		15.91	to	14.08		2,790,000		0.84			1.25		to	2.80			11.40		to	9.71
	12/31/2023		783,877		14.28	to	12.84		2,587,633		0.95			1.25		to	2.80			9.74		to	8.09
	12/31/2022		838,877		13.01	to	11.88		2,531,498		1.16			1.25		to	2.80			(6.94	)	to	(8.34	)
	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	)
MFS® New Discovery Service Class
	12/31/2024		5,843,402		4.91	to	17.48		23,600,846		-			0.30		to	2.80			6.12		to	3.52
	12/31/2023		6,929,860		4.63	to	16.89		26,715,569		-			0.30		to	2.80			13.91		to	11.15
	12/31/2022		7,760,463		4.06	to	15.19		26,589,500		-			0.30		to	2.80			(30.20	)	to	(31.90	)
	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
MFS® Total Return Service Class
	12/31/2024		9,976,823		2.90	to	13.46		25,735,220		2.30			0.30		to	2.80			7.14		to	4.52
	12/31/2023		11,473,096		2.71	to	12.88		27,972,116		1.81			0.30		to	2.80			9.89		to	7.22
	12/31/2022		12,855,978		2.46	to	12.01		28,899,652		1.47			0.30		to	2.80			(10.11	)	to	(12.29	)
	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
NVIT Emerging Markets Class D Shares
	12/31/2024		255		11.79	to	9.91		2,924		1.35			0.30		to	2.50			5.67		to	3.39
	12/31/2023		260		11.16	to	9.58		2,828		1.42			0.30		to	2.50			3.49		to	1.28
	12/31/2022		623		10.78	to	9.46		6,615		0.09			0.30		to	2.50			(25.22	)	to	(26.82	)
	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

85

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
State Street Total Return V.I.S. Class 3 Shares
	12/31/2024		10,812,910		$17.88	to	$12.70	$	38,012,499		4.22	%		0.40	%	to	2.85	%		10.61	%	to	7.96	%
	12/31/2023		12,717,631		16.16	to	11.77		38,814,247		1.95			0.40		to	2.85			14.75		to	12.02
	12/31/2022		14,405,589		14.09	to	10.50		38,543,371		0.38			0.40		to	2.85			(17.05	)	to	(19.02	)
	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
TA 60/40 Allocation Service Class
	12/31/2024		8,670,529		16.36	to	14.06		67,844,067		1.45			0.20		to	2.50			12.11		to	9.58
	12/31/2023		9,646,407		14.59	to	12.83		66,957,043		1.31			0.20		to	2.50			15.72		to	13.13
	12/31/2022		7,791,804		12.61	to	11.34		45,596,897		1.05			0.20		to	2.50			(13.97	)	to	(15.90	)
	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
TA Aegon Bond Initial Class
	12/31/2024		69,704,767		1.74	to	9.03		105,444,617		4.18			0.30		to	2.80			1.83		to	(0.66	)
	12/31/2023		71,069,764		1.71	to	9.09		107,006,368		0.93			0.30		to	2.80			6.13		to	3.56
	12/31/2022		74,748,097		1.61	to	8.77		107,584,148		2.62			0.30		to	2.80			(15.09	)	to	(17.15	)
	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
TA Aegon Bond Service Class
	12/31/2024		152,375,845		10.91	to	8.96		397,794,476		3.91			0.20		to	2.65			1.67		to	(0.77	)
	12/31/2023		175,074,608		10.73	to	9.03		447,343,314		0.63			0.20		to	2.65			5.97		to	3.45
	12/31/2022		200,050,355		10.13	to	8.73		480,120,989		2.33			0.20		to	2.65			(15.25	)	to	(17.27	)
	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
TA Aegon Core Bond Service Class
	12/31/2024		42,423,923		11.13	to	8.98		213,707,194		4.79			0.20		to	2.65			0.97		to	(1.45	)
	12/31/2023		46,606,096		11.03	to	9.11		228,615,006		2.24			0.20		to	2.65			5.57		to	3.06
	12/31/2022		51,645,075		10.44	to	8.84		232,049,154		2.34			0.20		to	2.65			(13.17	)	to	(15.24	)
	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
TA Aegon High Yield Bond Initial Class
	12/31/2024		17,223,651		2.82	to	11.44		46,068,879		5.05			0.30		to	2.80			7.11		to	4.49
	12/31/2023		18,257,942		2.63	to	10.94		45,902,229		4.55			0.30		to	2.80			10.78		to	8.09
	12/31/2022		19,518,643		2.37	to	10.13		44,804,760		5.80			0.30		to	2.80			(11.39	)	to	(13.54	)
	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
TA Aegon High Yield Bond Service Class
	12/31/2024		16,442,169		15.25	to	11.33		108,305,980		4.67			0.20		to	2.65			6.93		to	4.36
	12/31/2023		18,852,746		14.26	to	10.86		113,332,925		4.19			0.20		to	2.65			10.65		to	8.02
	12/31/2022		21,416,206		12.89	to	10.05		111,804,855		5.41			0.20		to	2.65			(11.63	)	to	(13.74	)
	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
TA Aegon Sustainable Equity Income Initial Class
	12/31/2024		57,778,153		2.90	to	12.62		186,608,017		2.07			0.30		to	2.80			16.58		to	13.73
	12/31/2023		64,615,663		2.48	to	11.10		180,433,120		2.18			0.30		to	2.80			5.96		to	3.39
	12/31/2022		73,304,123		2.34	to	10.74		195,736,594		2.16			0.30		to	2.80			(11.89	)	to	(14.03	)
	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	)
TA Aegon Sustainable Equity Income Service Class
	12/31/2024		18,974,873		21.44	to	12.51		106,682,204		1.81			0.20		to	2.65			16.37		to	13.57
	12/31/2023		22,043,089		18.42	to	11.02		104,927,601		1.89			0.20		to	2.65			5.79		to	3.28
	12/31/2022		25,235,399		17.41	to	10.67		112,408,344		1.85			0.20		to	2.65			(12.02	)	to	(14.11	)
	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	)

86

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
TA Aegon U.S. Government Securities Initial Class
	12/31/2024		32,249,758		$1.49	to	$8.54	$	44,934,386		3.64	%		0.30	%	to	2.80	%		0.03	%	to	(2.42	) %
	12/31/2023		33,391,333		1.49	to	8.75		47,656,473		1.76			0.30		to	2.80			3.69		to	1.17
	12/31/2022		34,781,353		1.44	to	8.65		49,287,955		1.06			0.30		to	2.80			(13.29	)	to	(15.39	)
	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
TA Aegon U.S. Government Securities Service Class
	12/31/2024		45,533,108		10.12	to	8.37		142,437,697		2.98			0.20		to	2.80			(0.04	)	to	(2.58	)
	12/31/2023		60,628,418		10.12	to	8.60		205,897,859		1.39			0.20		to	2.80			3.48		to	0.87
	12/31/2022		76,151,628		9.78	to	8.52		258,621,629		0.82			0.20		to	2.80			(13.47	)	to	(15.65	)
	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
TA American Funds Managed Risk - Balanced Service Class
	12/31/2024		53,133,659		16.77	to	13.25		804,396,471		1.57			0.20		to	2.50			14.14		to	11.56
	12/31/2023		61,208,733		14.69	to	11.88		820,781,783		2.17			0.20		to	2.50			10.17		to	7.70
	12/31/2022		67,478,151		13.33	to	11.03		830,364,161		1.50			0.20		to	2.50			(11.60	)	to	(13.58	)
	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
TA BlackRock Government Money Market Initial Class
	12/31/2024		98,556,242		1.25	to	9.32		105,097,637		4.94			0.30		to	2.80			4.72		to	2.16
	12/31/2023		108,159,167		1.20	to	9.12		114,069,224		4.75			0.30		to	2.80			4.55		to	2.01
	12/31/2022		110,925,053		1.14	to	8.94		114,067,668		1.44			0.30		to	2.80			1.10		to	(1.35	)
	12/31/2021		98,643,567		1.13	to	9.06		101,398,175		-			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	)
TA BlackRock Government Money Market Service Class
	12/31/2024		141,166,269		11.07	to	9.27		485,229,937		4.69			0.20		to	2.65			4.57		to	2.06
	12/31/2023		180,173,519		10.59	to	9.08		581,963,174		4.56			0.20		to	2.65			4.45		to	1.97
	12/31/2022		210,945,755		10.14	to	8.91		621,847,346		1.47			0.20		to	2.65			1.20		to	(1.21	)
	12/31/2021		172,118,709		10.02	to	9.02		503,096,558		-			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	)
TA BlackRock iShares Active Asset Allocation - Conservative Service Class
	12/31/2024		57,912,716		13.94	to	10.94		184,120,243		2.21			0.20		to	2.65			6.26		to	3.71
	12/31/2023		68,586,058		13.12	to	10.55		204,995,116		1.46			0.20		to	2.65			9.74		to	7.13
	12/31/2022		80,502,058		11.95	to	9.85		217,092,082		1.27			0.20		to	2.65			(15.46	)	to	(17.47	)
	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
TA BlackRock iShares Active Asset Allocation - Moderate Service Class
	12/31/2024		177,251,352		14.55	to	11.41		820,669,613		1.81			0.20		to	2.65			8.84		to	6.23
	12/31/2023		204,356,201		13.37	to	10.74		869,676,856		1.48			0.20		to	2.65			13.14		to	10.45
	12/31/2022		229,368,862		11.82	to	9.72		854,204,011		1.30			0.20		to	2.65			(17.30	)	to	(19.27	)
	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
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class
	12/31/2024		81,093,691		14.86	to	11.59		291,140,268		1.55			0.20		to	2.65			12.28		to	9.59
	12/31/2023		94,540,924		13.24	to	10.58		305,012,048		1.38			0.20		to	2.65			17.39		to	14.59
	12/31/2022		105,711,572		11.28	to	9.23		291,832,011		1.27			0.20		to	2.65			(18.48	)	to	(20.42	)
	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	)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class
	12/31/2024		100,335,645		14.73	to	1.15		623,234,628		1.94			0.20		to	2.50			8.53		to	6.05
	12/31/2023		118,403,453		13.57	to	1.09		674,821,416		1.39			0.20		to	2.50			12.43		to	9.89
	12/31/2022		137,331,317		12.07	to	0.99		695,481,133		1.14			0.20		to	2.50			(16.06	)	to	(17.96	)
	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	)

87

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class
	12/31/2024		46,390,434		$16.84	to	$1.40	$	285,252,296		1.61	%		0.20	%	to	2.50	%		12.29	%	to	9.72	%
	12/31/2023		54,614,693		15.00	to	1.28		302,181,696		1.28			0.20		to	2.50			17.04		to	14.39
	12/31/2022		60,523,858		12.81	to	1.12		293,945,929		1.12			0.20		to	2.50			(17.08	)	to	(18.97	)
	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	)
TA BlackRock iShares Edge 100 Service Class
	12/31/2024		3,408,478		21.77	to	16.35		68,296,305		1.38			0.20		to	2.50			14.76		to	12.17
	12/31/2023		3,467,968		18.97	to	14.58		61,143,111		1.93			0.20		to	2.50			14.25		to	11.69
	12/31/2022		3,599,875		16.60	to	13.05		56,132,454		1.22			0.20		to	2.50			(15.92	)	to	(17.81	)
	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
TA BlackRock iShares Edge 40 Initial Class
	12/31/2024		7,082,352		2.04	to	11.35		13,988,477		2.70			0.30		to	2.80			6.39		to	3.79
	12/31/2023		7,868,866		1.91	to	10.93		14,792,197		2.28			0.30		to	2.80			9.12		to	6.48
	12/31/2022		8,499,495		1.75	to	10.27		14,849,485		1.88			0.30		to	2.80			(14.50	)	to	(16.57	)
	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
TA BlackRock iShares Edge 40 Service Class
	12/31/2024		55,692,609		14.71	to	11.26		171,911,956		2.43			0.20		to	2.65			6.26		to	3.71
	12/31/2023		65,038,595		13.84	to	10.86		190,887,402		1.99			0.20		to	2.65			8.85		to	6.26
	12/31/2022		76,741,941		12.72	to	10.22		202,646,475		1.56			0.20		to	2.65			(14.61	)	to	(16.64	)
	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
TA BlackRock iShares Edge 50 Service Class
	12/31/2024		26,567,256		15.36	to	12.21		375,739,965		2.14			0.20		to	2.50			7.58		to	5.15
	12/31/2023		30,068,075		14.28	to	11.61		399,153,677		1.73			0.20		to	2.50			9.57		to	7.12
	12/31/2022		32,927,778		13.03	to	10.84		402,867,449		1.31			0.20		to	2.50			(14.65	)	to	(16.57	)
	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
TA BlackRock iShares Edge 75 Service Class
	12/31/2024		7,882,702		18.26	to	14.21		131,536,137		1.86			0.20		to	2.50			11.17		to	8.66
	12/31/2023		8,896,991		16.42	to	13.08		134,912,823		1.77			0.20		to	2.50			11.87		to	9.36
	12/31/2022		10,313,033		14.68	to	11.96		141,227,812		1.34			0.20		to	2.50			(15.23	)	to	(17.13	)
	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
TA BlackRock iShares Tactical - Balanced Service Class
	12/31/2024		69,347,535		15.78	to	11.33		300,918,251		3.56			0.20		to	2.65			8.47		to	5.87
	12/31/2023		82,260,254		14.55	to	10.70		333,250,811		1.04			0.20		to	2.65			10.43		to	7.81
	12/31/2022		92,944,316		13.17	to	9.93		345,342,124		0.55			0.20		to	2.65			(19.81	)	to	(21.73	)
	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
TA BlackRock iShares Tactical - Conservative Service Class
	12/31/2024		30,147,652		14.75	to	10.77		142,269,844		3.58			0.20		to	2.65			6.00		to	3.46
	12/31/2023		35,910,998		13.92	to	10.41		161,481,375		1.22			0.20		to	2.65			7.02		to	4.47
	12/31/2022		41,071,795		13.00	to	9.97		171,599,206		1.06			0.20		to	2.65			(17.46	)	to	(19.42	)
	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
TA BlackRock iShares Tactical - Growth Service Class
	12/31/2024		32,832,220		18.20	to	12.94		202,156,807		3.57			0.20		to	2.65			11.43		to	8.76
	12/31/2023		38,954,245		16.33	to	11.90		216,586,241		0.87			0.20		to	2.65			13.71		to	11.01
	12/31/2022		44,175,615		14.36	to	10.72		219,792,873		-			0.20		to	2.65			(18.19	)	to	(20.14	)
	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

88

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

			At December 31								For the Year Ended December 31
Subaccount			Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
TA BlackRock Real Estate Securities Initial Class
	12/31/2024			7,858,107		$2.08	to	$10.56	$	22,139,318		2.17	%		0.30	%	to	2.80	%		0.95	%	to	(1.52	) %
	12/31/2023			8,434,560		2.07	to	10.73		23,618,963		5.92			0.30		to	2.80			12.99		to	10.25
	12/31/2022			9,219,510		1.83	to	9.73		23,221,304		3.36			0.30		to	2.80			(28.40	)	to	(30.15	)
	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	)
TA BlackRock Real Estate Securities Service Class
	12/31/2024			13,623,482		12.68	to	10.49		60,493,118		1.76			0.20		to	2.65			0.82		to	(1.60	)
	12/31/2023			15,474,501		12.57	to	10.66		65,908,004		5.28			0.20		to	2.65			12.92		to	10.23
	12/31/2022			17,147,274		11.13	to	9.67		63,353,865		2.90			0.20		to	2.65			(28.53	)	to	(30.23	)
	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	)
TA BlackRock Tactical Allocation Service Class
	12/31/2024			171,852,939		18.74	to	13.21		752,586,021		1.50			0.20		to	2.80			12.26		to	9.40
	12/31/2023			205,309,701		16.69	to	12.07		821,349,625		2.45			0.20		to	2.80			14.65		to	11.76
	12/31/2022			235,861,929		14.56	to	10.80		838,532,604		3.63			0.20		to	2.80			(16.38	)	to	(18.49	)
	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
TA Goldman Sachs 70/30 Service Class
	12/31/2024			427,176		15.37	to	14.13		6,273,648		1.26			0.20		to	2.00			11.93		to	9.92
	12/31/2023			308,297		13.73	to	12.85		4,086,431		1.58			0.20		to	2.00			16.02		to	13.95
	12/31/2022			194,145		11.83	to	11.28		2,239,896		1.96			0.20		to	2.00			(17.27	)	to	(18.74	)
	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 Goldman Sachs Managed Risk - Balanced ETF Service Class
	12/31/2024			597,355,411		16.48	to	12.09		3,487,626,489		2.18			0.20		to	2.80			8.85		to	6.09
	12/31/2023			705,336,234		15.14	to	11.40		3,804,945,152		1.47			0.20		to	2.80			12.97		to	10.12
	12/31/2022			807,220,285		13.40	to	10.35		3,853,036,450		1.49			0.20		to	2.80			(14.43	)	to	(16.60	)
	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
TA Goldman Sachs Managed Risk - Conservative ETF Service Class
	12/31/2024			104,615,436		14.65	to	10.81		371,166,097		2.43			0.20		to	2.80			6.48		to	3.77
	12/31/2023			123,760,034		13.76	to	10.42		417,072,948		1.76			0.20		to	2.80			10.37		to	7.59
	12/31/2022			142,276,449		12.47	to	9.68		437,958,614		1.60			0.20		to	2.80			(12.00	)	to	(14.23	)
	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
TA Goldman Sachs Managed Risk - Growth ETF Service Class
	12/31/2024			364,337,317		20.00	to	14.18		1,609,880,856		1.79			0.20		to	2.80			13.00		to	10.13
	12/31/2023			431,747,039		17.70	to	12.88		1,719,739,409		1.43			0.20		to	2.80			17.44		to	14.48
	12/31/2022			492,920,874		15.07	to	11.25		1,689,317,039		1.40			0.20		to	2.80			(14.69	)	to	(16.84	)
	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
TA Great Lakes Advisors Large Cap Value Service Class
	12/31/2024			6,280,483		16.54	to	14.21		63,642,529		0.89			0.20		to	2.50			16.59		to	13.96
	12/31/2023			6,230,632		14.19	to	12.47		53,852,977		0.88			0.20		to	2.50			12.56		to	10.04
	12/31/2022			7,406,148		12.60	to	11.34		51,430,920		0.29			0.20		to	2.50			(7.57	)	to	(9.64	)
	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	)
TA International Focus Initial Class
	12/31/2024			27,360,881		2.50	to	12.84		53,654,072		2.30			0.30		to	2.80			(1.35	)	to	(3.76	)
	12/31/2023			29,055,745		2.54	to	13.34		58,522,612		1.99			0.30		to	2.80			12.20		to	9.48
	12/31/2022			31,212,746		2.26	to	12.19		56,973,368		2.97			0.30		to	2.80			(20.28	)	to	(22.22	)
	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

89

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
TA International Focus Service Class
	12/31/2024		12,151,674		$15.72	to	$12.72	$	80,928,770		2.11	%		0.20	%	to	2.65	%		(1.52	) %	to	(3.89	) %
	12/31/2023		13,632,374		15.96	to	13.24		87,960,039		1.75			0.20		to	2.65			12.05		to	9.38
	12/31/2022		15,318,384		14.25	to	12.10		88,745,241		2.75			0.20		to	2.65			(20.45	)	to	(22.35	)
	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
TA Janus Balanced Service Class
	12/31/2024		99,246,021		24.84	to	16.60		792,567,560		1.69			0.20		to	2.65			14.62		to	11.87
	12/31/2023		118,324,209		21.67	to	14.83		829,945,620		1.13			0.20		to	2.65			14.79		to	12.05
	12/31/2022		132,159,399		18.88	to	13.24		820,625,445		0.83			0.20		to	2.65			(16.93	)	to	(18.91	)
	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
TA Janus Mid-Cap Growth Initial Class
	12/31/2024		19,769,469		5.41	to	21.44		64,485,861		0.13			0.30		to	2.80			14.04		to	11.25
	12/31/2023		22,651,450		4.74	to	19.27		65,869,315		-			0.30		to	2.80			16.69		to	13.87
	12/31/2022		24,063,853		4.06	to	16.92		60,568,907		-			0.30		to	2.80			(16.96	)	to	(18.98	)
	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
TA Janus Mid-Cap Growth Service Class
	12/31/2024		12,728,662		29.09	to	21.26		186,713,294		-			0.20		to	2.65			13.84		to	11.11
	12/31/2023		14,077,641		25.55	to	19.14		174,973,421		-			0.20		to	2.65			16.57		to	13.80
	12/31/2022		15,395,879		21.92	to	16.82		157,131,166		-			0.20		to	2.65			(17.10	)	to	(19.08	)
	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
TA JPMorgan Asset Allocation - Conservative Initial Class
	12/31/2024		52,016,413		2.12	to	11.19		102,549,467		2.02			0.30		to	2.80			5.40		to	2.82
	12/31/2023		56,487,638		2.01	to	10.88		106,961,227		2.29			0.30		to	2.80			6.73		to	4.14
	12/31/2022		61,620,368		1.89	to	10.45		110,777,412		5.55			0.30		to	2.80			(15.61	)	to	(17.66	)
	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
TA JPMorgan Asset Allocation - Conservative Service Class
	12/31/2024		163,052,356		14.57	to	11.10		545,526,815		1.76			0.20		to	2.65			5.31		to	2.78
	12/31/2023		191,784,502		13.84	to	10.80		613,717,801		1.97			0.20		to	2.65			6.62		to	4.08
	12/31/2022		224,397,985		12.98	to	10.37		674,855,947		5.30			0.20		to	2.65			(15.77	)	to	(17.78	)
	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
TA JPMorgan Asset Allocation - Growth Initial Class
	12/31/2024		67,361,747		3.64	to	18.17		239,653,946		1.33			0.30		to	2.80			16.02		to	13.19
	12/31/2023		72,743,188		3.14	to	16.05		225,809,768		1.72			0.30		to	2.80			19.98		to	17.07
	12/31/2022		77,321,212		2.62	to	13.71		202,466,102		5.94			0.30		to	2.80			(22.80	)	to	(24.67	)
	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
TA JPMorgan Asset Allocation - Growth Service Class
	12/31/2024		32,519,299		26.69	to	18.02		231,556,982		1.13			0.20		to	2.65			15.86		to	13.08
	12/31/2023		35,529,741		23.04	to	15.94		217,776,216		1.49			0.20		to	2.65			19.76		to	16.92
	12/31/2022		39,068,035		19.24	to	13.63		198,045,724		5.78			0.20		to	2.65			(22.89	)	to	(24.73	)
	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
TA JPMorgan Asset Allocation - Moderate Initial Class
	12/31/2024		106,094,265		2.50	to	12.51		247,279,731		1.59			0.30		to	2.80			7.70		to	5.06
	12/31/2023		114,464,373		2.32	to	11.91		251,588,954		2.09			0.30		to	2.80			8.78		to	6.14
	12/31/2022		122,274,778		2.14	to	11.22		250,311,461		5.23			0.30		to	2.80			(16.33	)	to	(18.36	)
	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

90

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
TA JPMorgan Asset Allocation - Moderate Service Class
	12/31/2024		762,220,255		$16.86	to	$12.41	$	4,113,122,303		1.34	%		0.20	%	to	2.65	%		7.48	%	to	4.90	%
	12/31/2023		890,382,625		15.69	to	11.83		4,423,308,426		1.83			0.20		to	2.65			8.64		to	6.05
	12/31/2022		1,012,694,240		14.44	to	11.15		4,582,904,477		5.06			0.20		to	2.65			(16.42	)	to	(18.41	)
	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
TA JPMorgan Asset Allocation - Moderate Growth Initial Class
	12/31/2024		128,370,190		2.91	to	14.40		358,547,219		1.21			0.30		to	2.80			10.71		to	8.01
	12/31/2023		143,190,859		2.63	to	13.33		366,205,798		1.97			0.30		to	2.80			11.88		to	9.17
	12/31/2022		156,859,849		2.35	to	12.21		362,843,518		5.31			0.30		to	2.80			(17.60	)	to	(19.60	)
	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
TA JPMorgan Asset Allocation - Moderate Growth Service Class
	12/31/2024		535,520,369		20.28	to	14.28		2,128,713,066		0.96			0.20		to	2.65			10.48		to	7.83
	12/31/2023		628,743,570		18.36	to	13.24		2,308,388,180		1.72			0.20		to	2.65			11.71		to	9.05
	12/31/2022		725,895,241		16.43	to	12.14		2,406,528,834		5.11			0.20		to	2.65			(17.69	)	to	(19.65	)
	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
TA JPMorgan Enhanced Index Initial Class
	12/31/2024		25,602,460		6.42	to	23.92		154,998,247		0.66			0.30		to	2.80			23.86		to	20.83
	12/31/2023		27,270,068		5.19	to	19.79		136,224,374		0.81			0.30		to	2.80			27.28		to	24.20
	12/31/2022		28,882,906		4.07	to	15.94		114,567,030		0.67			0.30		to	2.80			(18.59	)	to	(20.57	)
	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
TA JPMorgan Enhanced Index Service Class
	12/31/2024		5,997,092		42.18	to	23.72		139,419,849		0.47			0.20		to	2.65			23.65		to	20.69
	12/31/2023		6,399,004		34.11	to	19.65		113,074,541		0.60			0.20		to	2.65			27.14		to	24.11
	12/31/2022		6,768,853		26.83	to	15.83		90,422,301		0.40			0.20		to	2.65			(18.71	)	to	(20.65	)
	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
TA JPMorgan International Moderate Growth Initial Class
	12/31/2024		68,935		1.68	to	11.91		112,599		2.43			0.30		to	2.50			1.73		to	(0.47	)
	12/31/2023		67,831		1.65	to	11.97		109,080		1.63			0.30		to	2.50			8.84		to	6.51
	12/31/2022		68,775		1.52	to	11.24		101,768		5.18			0.30		to	2.50			(17.53	)	to	(19.30	)
	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
TA JPMorgan International Moderate Growth Service Class
	12/31/2024		130,009,345		14.60	to	11.55		304,809,793		2.09			0.20		to	2.80			1.69		to	(0.90	)
	12/31/2023		150,392,538		14.35	to	11.66		353,188,989		1.33			0.20		to	2.80			8.48		to	5.75
	12/31/2022		173,451,373		13.23	to	11.02		377,974,105		4.74			0.20		to	2.80			(17.59	)	to	(19.67	)
	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
TA JPMorgan Tactical Allocation Service Class
	12/31/2024		142,141,496		14.40	to	10.74		806,124,158		2.32			0.20		to	2.65			3.87		to	1.38
	12/31/2023		166,578,106		13.86	to	10.59		905,816,088		1.52			0.20		to	2.65			8.35		to	5.77
	12/31/2022		189,154,578		12.79	to	10.02		943,736,725		1.52			0.20		to	2.65			(15.20	)	to	(17.22	)
	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
TA Madison Diversified Income Service Class
	12/31/2024		22,820,095		15.40	to	11.32		108,108,472		2.49			0.20		to	2.50			3.26		to	0.93
	12/31/2023		26,990,453		14.91	to	11.22		123,863,084		1.97			0.20		to	2.50			3.76		to	1.44
	12/31/2022		32,160,966		14.37	to	11.06		137,324,787		1.64			0.20		to	2.50			(10.56	)	to	(12.57	)
	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

91

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

			At December 31									For the Year Ended December 31
Subaccount			Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
TA Market Participation Strategy Service Class
	12/31/2024			39,853,535	$	22.13	to	$	15.54	$	283,247,749		1.50	%		0.20	%	to	2.50	%		14.70	%	to	12.12	%
	12/31/2023			47,725,398		19.29	to		13.86		301,574,446		0.40			0.20		to	2.50			11.33		to	8.84
	12/31/2022			53,929,847		17.33	to		12.74		312,480,977		0.03			0.20		to	2.50			(15.47	)	to	(17.37	)
	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
TA Morgan Stanley Global Allocation Service Class
	12/31/2024			196,913,083		17.36	to		12.77		688,403,416		4.55			0.20		to	2.65			6.65		to	4.09
	12/31/2023			232,865,808		16.28	to		12.27		774,704,522		-			0.20		to	2.65			13.46		to	10.76
	12/31/2022			270,061,762		14.35	to		11.08		801,306,383		0.08			0.20		to	2.65			(17.93	)	to	(19.88	)
	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
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class
	12/31/2024			17,082,652		12.23	to		10.37		188,168,206		-			0.20		to	2.50			4.85		to	2.48
	12/31/2023			19,582,608		11.66	to		10.12		207,865,302		18.86			0.20		to	2.50			8.79		to	6.35
	12/31/2022			21,608,676		10.72	to		9.52		213,130,058		15.04			0.20		to	2.50			(16.39	)	to	(18.27	)
	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
TA MSCI EAFE Index Service Class
	12/31/2024			5,763,966		13.98	to		11.75		74,533,906		2.41			0.35		to	2.65			2.79		to	0.47
	12/31/2023			4,983,030		13.60	to		11.69		63,337,424		2.32			0.35		to	2.65			17.05		to	14.43
	12/31/2022			4,899,054		11.62	to		10.22		53,843,555		2.93			0.35		to	2.65			(14.75	)	to	(16.65	)
	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
TA Multi-Managed Balanced Initial Class
	12/31/2024			22,540,752		4.38	to		16.55		92,302,196		1.94			0.30		to	2.80			14.59		to	11.79
	12/31/2023			24,814,436		3.82	to		14.81		89,828,718		1.61			0.30		to	2.80			18.37		to	15.50
	12/31/2022			25,346,787		3.23	to		12.82		78,313,346		1.17			0.30		to	2.80			(16.53	)	to	(18.56	)
	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
TA Multi-Managed Balanced Service Class
	12/31/2024			100,284,431		25.67	to		16.42		966,147,178		1.69			0.20		to	2.65			14.41		to	11.67
	12/31/2023			120,743,587		22.44	to		14.70		1,057,526,501		1.33			0.20		to	2.65			18.20		to	15.39
	12/31/2022			140,779,682		18.98	to		12.74		1,047,886,498		0.91			0.20		to	2.65			(16.66	)	to	(18.64	)
	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
TA PineBridge Inflation Opportunities Service Class
	12/31/2024			37,141,634		10.79	to		9.73		90,617,551		3.32			0.20		to	2.65			1.62		to	(0.82	)
	12/31/2023			45,699,541		10.62	to		9.81		112,871,493		5.27			0.20		to	2.65			5.23		to	2.73
	12/31/2022			53,228,378		10.09	to		9.55		131,701,424		3.75			0.20		to	2.65			(10.73	)	to	(12.86	)
	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
TA ProFunds UltraBear Service Class (OAM)
	12/31/2024			51,083,774		9.32	to		9.27		10,252,417		2.57			0.45		to	2.00			-		to	-
TA S&P 500 Index Initial Class
	12/31/2024			883,218		14.72	to		13.84		12,966,233		1.06			0.17		to	2.50			24.61		to	21.76
	12/31/2023			146,427		11.81	to		11.37		1,726,833		1.05			0.17		to	2.50			25.88		to	23.02
	12/31/2022	(1)		66,738		9.38	to		9.24		625,896		1.24			0.17		to	2.50			-		to	-

92

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
TA S&P 500 Index Service Class
	12/31/2024		29,566,724		$26.46	to	$22.24	$	723,485,984		0.78	%		0.35	%	to	2.65	%		24.11	%	to	21.31	%
	12/31/2023		24,637,916		21.32	to	18.33		490,582,631		0.97			0.35		to	2.65			25.30		to	22.50
	12/31/2022		22,165,992		17.02	to	14.96		356,036,035		0.95			0.35		to	2.65			(18.72	)	to	(20.54	)
	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
TA Small/Mid Cap Value Initial Class
	12/31/2024		9,419,247		4.39	to	15.13		84,655,470		0.93			0.30		to	2.80			8.53		to	5.88
	12/31/2023		10,492,387		4.05	to	14.29		88,584,896		1.05			0.30		to	2.80			12.06		to	9.34
	12/31/2022		11,601,332		3.61	to	13.07		88,179,355		0.59			0.30		to	2.80			(8.58	)	to	(10.80	)
	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
TA Small/Mid Cap Value Service Class
	12/31/2024		15,781,524		27.05	to	15.00		180,829,221		0.75			0.20		to	2.65			8.34		to	5.75
	12/31/2023		17,657,069		24.97	to	14.19		177,182,928		0.83			0.20		to	2.65			11.93		to	9.26
	12/31/2022		19,264,915		22.31	to	12.98		166,821,675		0.33			0.20		to	2.65			(8.71	)	to	(10.89	)
	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
TA T. Rowe Price Small Cap Initial Class
	12/31/2024		22,276,514		5.99	to	17.44		103,423,099		-			0.30		to	2.80			12.44		to	9.69
	12/31/2023		25,171,218		5.32	to	15.90		104,976,029		-			0.30		to	2.80			20.84		to	17.91
	12/31/2022		26,666,444		4.41	to	13.49		93,280,357		-			0.30		to	2.80			(22.62	)	to	(24.50	)
	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
TA T. Rowe Price Small Cap Service Class
	12/31/2024		20,222,145		32.20	to	17.31		348,760,461		-			0.20		to	2.65			12.38		to	9.69
	12/31/2023		22,191,634		28.65	to	15.78		329,615,518		-			0.20		to	2.65			20.64		to	17.77
	12/31/2022		24,202,320		23.75	to	13.40		290,913,475		-			0.20		to	2.65			(22.75	)	to	(24.60	)
	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
TA TSW International Equity Initial Class
	12/31/2024		26,715,316		2.26	to	12.47		63,169,262		2.91			0.30		to	2.80			3.07		to	0.55
	12/31/2023		29,017,224		2.19	to	12.40		67,677,253		1.09			0.30		to	2.80			15.13		to	12.34
	12/31/2022		30,412,058		1.90	to	11.04		62,144,473		3.35			0.30		to	2.80			(14.66	)	to	(16.73	)
	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
TA TSW International Equity Service Class
	12/31/2024		7,256,967		15.85	to	12.36		50,338,682		2.73			0.20		to	2.65			2.91		to	0.44
	12/31/2023		7,954,315		15.40	to	12.31		52,560,455		0.84			0.20		to	2.65			15.03		to	12.29
	12/31/2022		8,682,343		13.39	to	10.96		48,319,769		3.08			0.20		to	2.65			(14.81	)	to	(16.84	)
	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
TA TSW Mid Cap Value Opportunities Service Class
	12/31/2024		22,790,847		25.91	to	14.12		210,716,491		1.22			0.20		to	2.80			7.87		to	5.13
	12/31/2023		26,043,791		24.02	to	13.44		220,560,051		1.25			0.20		to	2.80			10.35		to	7.57
	12/31/2022		30,030,034		21.77	to	12.49		224,237,611		0.55			0.20		to	2.80			(8.61	)	to	(10.92	)
	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	)
TA WMC US Growth Initial Class
	12/31/2024		140,016,590		6.98	to	29.78		737,945,218		0.01			0.30		to	2.80			28.61		to	25.46
	12/31/2023		156,448,883		5.43	to	23.74		647,727,797		0.04			0.30		to	2.80			41.66		to	38.23
	12/31/2022		112,484,165		3.83	to	17.17		332,806,510		-			0.30		to	2.80			(31.55	)	to	(33.22	)
	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

93

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
TA WMC US Growth Service Class
	12/31/2024		36,923,683		$51.57	to	$29.54		$  868,451,408		-	%		0.20	%	to	2.65	%		28.44	%	to	25.35	%
	12/31/2023		41,563,604		40.15	to	23.56		743,992,798		-			0.20		to	2.65			41.44		to	38.08
	12/31/2022		21,824,681		28.39	to	17.07		224,156,846		-			0.20		to	2.65			(31.65	)	to	(33.28	)
	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
Vanguard® Balanced
	12/31/2024		3,346,843		14.65	to	13.13		46,092,630		2.21			0.27		to	2.60			14.49		to	11.84
	12/31/2023		2,955,856		12.79	to	11.74		36,028,930		1.90			0.27		to	2.60			14.02		to	11.40
	12/31/2022		2,042,105		11.22	to	10.54		22,168,437		1.74			0.27		to	2.60			(14.53	)	to	(16.50	)
	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
Vanguard® Capital Growth
	12/31/2024		242,843		17.27	to	17.10		4,188,217		1.07			0.27		to	0.47			13.10		to	12.88
	12/31/2023		228,569		15.27	to	15.15		3,486,754		0.99			0.27		to	0.47			27.64		to	27.38
	12/31/2022		197,024		11.97	to	11.89		2,355,791		0.79			0.27		to	0.47			(15.71	)	to	(15.88	)
	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
Vanguard® Conservative Allocation
	12/31/2024		1,408,623		12.05	to	10.80		16,071,368		2.51			0.27		to	2.60			7.20		to	4.72
	12/31/2023		1,173,487		11.24	to	10.31		12,627,161		1.79			0.27		to	2.60			12.21		to	9.63
	12/31/2022		975,225		10.01	to	9.40		9,474,948		2.02			0.27		to	2.60			(15.13	)	to	(17.08	)
	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
Vanguard® Diversified Value
	12/31/2024		175,782		17.63	to	17.45		3,095,580		1.52			0.27		to	0.47			14.58		to	14.35
	12/31/2023		176,996		15.38	to	15.26		2,720,876		1.22			0.27		to	0.47			19.80		to	19.56
	12/31/2022		132,810		12.84	to	12.76		1,704,817		1.01			0.27		to	0.47			(11.73	)	to	(11.90	)
	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
Vanguard® Equity Income
	12/31/2024		278,767		15.80	to	15.64		4,402,590		2.50			0.27		to	0.47			14.81		to	14.58
	12/31/2023		205,204		13.76	to	13.65		2,822,945		2.61			0.27		to	0.47			7.81		to	7.59
	12/31/2022		169,912		12.77	to	12.69		2,168,634		2.26			0.27		to	0.47			(0.93	)	to	(1.13	)
	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
Vanguard® Equity Index
	12/31/2024		571,296		42.91	to	24.15		19,766,714		1.29			0.27		to	2.50			24.50		to	21.78
	12/31/2023		652,810		34.46	to	19.83		17,100,972		1.32			0.27		to	2.50			25.78		to	23.05
	12/31/2022		632,828		27.40	to	16.11		12,705,695		1.08			0.27		to	2.50			(18.45	)	to	(20.22	)
	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
Vanguard® Global Bond Index
	12/31/2024		121,798		9.76	to	9.66		1,186,450		2.77			0.27		to	0.47			1.76		to	1.55
	12/31/2023		110,531		9.59	to	9.51		1,058,304		1.86			0.27		to	0.47			6.23		to	6.02
	12/31/2022		87,809		9.03	to	8.97		792,449		2.85			0.27		to	0.47			(13.36	)	to	(13.53	)
	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
Vanguard® Growth
	12/31/2024		755,795		20.73	to	20.52		15,659,300		0.21			0.27		to	0.47			32.77		to	32.51
	12/31/2023		315,507		15.61	to	15.49		4,920,201		0.23			0.27		to	0.47			39.76		to	39.48
	12/31/2022		284,871		11.17	to	11.10		3,179,060		-			0.27		to	0.47			(33.54	)	to	(33.68	)
	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

94

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
Vanguard® High Yield Bond
	12/31/2024		312,758	$	11.64	to	$	11.53	$	3,641,513		4.36	%		0.27	%	to	0.47	%		6.16	%	to	5.95	%
	12/31/2023		194,541		10.97	to		10.88		2,133,574		4.16			0.27		to	0.47			11.37		to	11.14
	12/31/2022		124,966		9.85	to		9.79		1,230,611		4.77			0.27		to	0.47			(9.61	)	to	(9.79	)
	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
Vanguard® International
	12/31/2024		467,397		23.32	to		17.62		8,467,892		1.16			0.27		to	2.70			8.72		to	6.13
	12/31/2023		510,420		21.45	to		16.60		7,666,543		1.47			0.27		to	2.70			14.35		to	11.65
	12/31/2022		486,799		18.76	to		14.87		5,871,484		1.34			0.27		to	2.70			(30.31	)	to	(31.96	)
	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
Vanguard® Mid-Cap Index
	12/31/2024		1,376,980		31.37	to		17.77		39,633,203		1.22			0.27		to	2.70			14.76		to	12.03
	12/31/2023		960,505		27.34	to		15.86		24,221,625		1.26			0.27		to	2.70			15.52		to	12.79
	12/31/2022		684,979		23.67	to		14.06		14,987,533		1.05			0.27		to	2.70			(19.04	)	to	(20.95	)
	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
Vanguard® Moderate Allocation
	12/31/2024		2,408,482		13.28	to		11.90		30,484,257		2.28			0.27		to	2.60			10.02		to	7.48
	12/31/2023		2,219,257		12.07	to		11.07		25,875,445		1.89			0.27		to	2.60			15.24		to	12.59
	12/31/2022		1,822,015		10.47	to		9.83		18,671,605		2.11			0.27		to	2.60			(16.15	)	to	(18.08	)
	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
Vanguard® Money Market
	12/31/2024		894,791		11.13	to		11.02		9,955,480		5.06			0.27		to	0.47			4.91		to	4.70
	12/31/2023		750,806		10.61	to		10.52		7,964,434		4.96			0.27		to	0.47			4.77		to	4.56
	12/31/2022		494,571		10.13	to		10.07		5,005,978		1.40			0.27		to	0.47			1.24		to	1.03
	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
Vanguard® Real Estate Index
	12/31/2024		594,780		17.90	to		11.83		10,208,557		2.65			0.27		to	2.50			4.46		to	2.17
	12/31/2023		242,404		17.13	to		11.58		3,659,996		2.48			0.27		to	2.50			11.40		to	8.98
	12/31/2022		252,079		15.38	to		10.63		3,401,801		1.77			0.27		to	2.50			(26.50	)	to	(28.09	)
	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	)
Vanguard® Short-Term Investment Grade
	12/31/2024		1,457,595		12.03	to		9.71		15,913,653		3.50			0.27		to	2.70			4.61		to	2.12
	12/31/2023		1,369,424		11.50	to		9.50		13,617,413		1.78			0.27		to	2.70			5.87		to	3.37
	12/31/2022		938,005		10.86	to		9.19		8,419,841		1.68			0.27		to	2.70			(5.98	)	to	(8.20	)
	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
Vanguard® Total Bond Market Index
	12/31/2024		1,682,459		10.96	to		8.90		17,630,542		2.59			0.27		to	2.70			0.97		to	(1.43	)
	12/31/2023		1,324,563		10.85	to		9.03		13,658,790		2.43			0.27		to	2.70			5.29		to	2.81
	12/31/2022		1,216,852		10.31	to		8.78		11,337,994		2.10			0.27		to	2.70			(13.45	)	to	(15.49	)
	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
Vanguard® Total International Stock Market Index
	12/31/2024		657,784		12.22	to		12.09		8,026,078		2.96			0.27		to	0.47			4.77		to	4.56
	12/31/2023		551,380		11.66	to		11.57		6,422,574		2.78			0.27		to	0.47			15.23		to	15.00
	12/31/2022		503,602		10.12	to		10.06		5,091,921		2.94			0.27		to	0.47			(16.24	)	to	(16.41	)
	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

95

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return***  Corresponding to Lowest to Highest Expense Ratio
Vanguard® Total Stock Market Index
	12/31/2024		1,254,270		$18.77	to	$18.59	$	23,495,552		1.25	%		0.27	%	to	0.47	%		23.38	%	to	23.13	%
	12/31/2023		1,151,870		15.22	to	15.09		17,497,907		1.06			0.27		to	0.47			25.61		to	25.36
	12/31/2022		829,114		12.11	to	12.04		10,036,777		1.30			0.27		to	0.47			(19.81	)	to	(19.97	)
	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
Voya Global Perspectives Class S Shares
	12/31/2024		104		13.01	to	11.99		1,349		3.53			1.29		to	2.14			5.50		to	4.60
	12/31/2023		1,245		12.33	to	11.46		15,362		4.94			1.29		to	2.14			8.87		to	7.95
	12/31/2022		2,207		11.33	to	10.62		25,002		3.07			1.29		to	2.14			(18.71	)	to	(19.40	)
	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
Voya Large Cap Value Class S Shares
	12/31/2024		79		20.93	to	19.28		1,646		1.71			1.29		to	2.14			15.38		to	14.40
	12/31/2023		82		18.14	to	16.85		1,491		1.76			1.29		to	2.14			11.83		to	10.89
	12/31/2022		82		16.22	to	15.19		1,322		1.44			1.29		to	2.14			(4.71	)	to	(5.52	)
	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
Wanger Acorn
	12/31/2024		-		3.50	to	15.59		-		-			0.30		to	2.50			13.84		to	11.38
	12/31/2023		-		3.07	to	13.99		-		-			0.30		to	2.50			21.37		to	18.78
	12/31/2022		-		2.53	to	11.78		-		-			0.30		to	2.50			(33.66	)	to	(35.09	)
	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
Wanger International
	12/31/2024		20,766		1.69	to	11.15		143,168		1.39			0.30		to	2.50			(8.52	)	to	(10.50	)
	12/31/2023		22,363		1.85	to	12.46		169,801		0.31			0.30		to	2.50			16.60		to	14.11
	12/31/2022		23,884		1.59	to	10.92		156,056		0.93			0.30		to	2.50			(34.04	)	to	(35.46	)
	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

⁽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.

** 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.

96

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

*** 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.

97

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

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 Hedged Allocation Class B Shares	0.20%
AB Relative Value 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%

98

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

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

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%
Wanger Acorn	0.30%
Wanger International	0.30%

99

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

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 Ltd. 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 Ltd. 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.

100

Transamerica Life Insurance Company

Separate Account VA B

Notes to Financial Statements

December 31, 2024

10. Segment Reporting

Each fund of the Separate Account constitutes a single operating segment and therefore, a single reportable segment because the Chief Operating Decision Maker (CODM) manages the activities of the Separate Account using information of each fund. The Separate Account is engaged in a single line of business as a registered unit investment trust. The Separate Account is a funding vehicle for individual variable annuity contracts with the assets owned by TLIC to support the liabilities of the applicable insurance contracts. The subaccounts have identified the President and Chief Operating Officer as the CODM as the Separate Account does not have employees and is not a separate legal entity.

The CODM uses increase (decrease) in net assets from operations as their performance measure in order to make operational decisions while monitoring the net assets of each of the funds within the Separate Account. The Accounting policies used to measure profit and loss of the segments are the same as those described in the Summary of Significant Accounting Policies (see note 2). The measure of segment assets is reported on the balance sheet as total consolidated assets. Refer to the Statements of Operations and Changes in Net Assets for each fund’s operating segment and related footnotes for significant expenses principle and the existing segment requirements as of December 31, 2024 and for the year ended December 31, 2024 and December 31, 2023.

101