N-30D 1 a18-6515_8n30d.htm N-30D

 

 


 


 

TABLE OF CONTENTS

 

PACIFIC SELECT FUND

 

 

 

Letter to Shareholders

A-1

Performance Discussion

A-3

Schedule of Investments

B-1

Financial Statements:

 

Statements of Assets and Liabilities

C-1

Statements of Operations

C-9

Statements of Changes in Net Assets

C-17

Statements of Cash Flows

C-25

Financial Highlights

C-26

Notes to Financial Statements

D-1

Report of Independent Registered Public Accounting Firm

E-1

Disclosure of Fund Expenses

F-1

Trustees and Officers Information

F-5

Approval of Investment Advisory and Sub-Advisory Agreements

F-8

Where to Go for More Information

F-27

 

 

SEPARATE ACCOUNT A

 

 

 

Schedule of Investments

G-1

Financial Statements:

 

Statements of Assets and Liabilities

H-1

Statements of Operations

H-11

Statements of Changes in Net Assets

H-18

Financial Highlights

H-38

Notes to Financial Statements

I-1

Report of Independent Registered Public Accounting Firm

J-1

 

The 2017 Annual Reports for all underlying investment options other than Pacific Select Fund may be mailed separately to Pacific Life Insurance Company variable annuity contract owners with allocations to those options and should be read in conjunction with the Separate Account Annual Report included herein.

 



 

SEPARATE ACCOUNT A

SCHEDULE OF INVESTMENTS

DECEMBER 31, 2017

 

Variable Accounts

 

Underlying Portfolios/Funds

 

Shares

 

Cost

 

Value

 

 

 

Pacific Select Fund

 

 

 

 

 

 

 

Core Income

 

Core Income Class I *

 

886,625

 

$

8,962,437

 

$

9,461,142

 

Diversified Bond

 

Diversified Bond Class I *

 

14,800,940

 

123,522,744

 

146,495,526

 

Floating Rate Income

 

Floating Rate Income Class I *

 

3,898,481

 

40,138,178

 

45,411,235

 

Floating Rate Loan

 

Floating Rate Loan Class I *

 

17,609,163

 

105,304,207

 

122,542,729

 

High Yield Bond

 

High Yield Bond Class I *

 

22,996,382

 

109,843,930

 

185,035,625

 

Inflation Managed

 

Inflation Managed Class I *

 

19,342,219

 

192,872,040

 

204,079,971

 

Inflation Strategy

 

Inflation Strategy Class I *

 

1,443,105

 

14,342,967

 

14,710,268

 

Managed Bond

 

Managed Bond Class I *

 

31,501,397

 

326,374,488

 

402,525,417

 

Short Duration Bond

 

Short Duration Bond Class I *

 

32,514,622

 

299,642,351

 

319,787,350

 

Emerging Markets Debt

 

Emerging Markets Debt Class I *

 

1,853,672

 

19,289,386

 

22,826,255

 

Comstock

 

Comstock Class I *

 

13,262,186

 

81,417,885

 

209,741,205

 

Developing Growth

 

Developing Growth Class I *

 

6,375,531

 

39,252,678

 

96,783,252

 

Dividend Growth

 

Dividend Growth Class I *

 

14,914,309

 

122,548,304

 

298,907,232

 

Equity Index

 

Equity Index Class I *

 

12,315,712

 

367,802,608

 

774,543,866

 

Focused Growth

 

Focused Growth Class I *

 

4,842,448

 

30,165,609

 

129,578,601

 

Growth

 

Growth Class I *

 

8,556,938

 

105,809,833

 

241,794,931

 

Large-Cap Growth

 

Large-Cap Growth Class I *

 

14,054,233

 

55,088,867

 

154,329,531

 

Large-Cap Value

 

Large-Cap Value Class I *

 

9,695,975

 

76,591,428

 

214,496,538

 

Long/Short Large-Cap

 

Long/Short Large-Cap Class I *

 

2,205,185

 

13,086,149

 

31,428,734

 

Main Street® Core

 

Main Street Core Class I *

 

7,466,971

 

94,227,066

 

288,944,528

 

Mid-Cap Equity

 

Mid-Cap Equity Class I *

 

10,496,830

 

84,597,023

 

221,538,921

 

Mid-Cap Growth

 

Mid-Cap Growth Class I *

 

15,794,020

 

71,228,082

 

208,389,574

 

Mid-Cap Value

 

Mid-Cap Value Class I *

 

5,184,125

 

51,048,004

 

95,753,129

 

Small-Cap Equity

 

Small-Cap Equity Class I *

 

2,451,822

 

23,644,847

 

51,462,351

 

Small-Cap Index

 

Small-Cap Index Class I *

 

9,004,764

 

72,732,178

 

211,160,384

 

Small-Cap Value

 

Small-Cap Value Class I *

 

6,036,414

 

51,910,884

 

129,259,429

 

Value Advantage

 

Value Advantage Class I *

 

1,788,136

 

23,044,468

 

30,257,660

 

Emerging Markets

 

Emerging Markets Class I *

 

11,339,236

 

65,102,367

 

211,019,516

 

International Large-Cap

 

International Large-Cap Class I *

 

28,642,327

 

124,291,945

 

274,973,730

 

International Small-Cap

 

International Small-Cap Class I *

 

4,188,974

 

20,140,953

 

48,214,287

 

International Value

 

International Value Class I *

 

9,863,397

 

72,402,793

 

126,981,319

 

Health Sciences

 

Health Sciences Class I *

 

7,440,337

 

59,402,049

 

265,860,042

 

Real Estate

 

Real Estate Class I *

 

6,356,434

 

46,455,037

 

153,946,550

 

Technology

 

Technology Class I *

 

14,366,461

 

52,577,836

 

102,090,095

 

Currency Strategies

 

Currency Strategies Class I *

 

318,672

 

3,245,987

 

3,469,727

 

Diversified Alternatives

 

Diversified Alternatives Class I *

 

168,973

 

1,821,290

 

1,918,850

 

Equity Long/Short

 

Equity Long/Short Class I *

 

1,086,448

 

12,710,953

 

16,386,807

 

Global Absolute Return

 

Global Absolute Return Class I *

 

994,782

 

10,077,412

 

11,892,063

 

Pacific Dynamix - Conservative Growth

 

Pacific Dynamix - Conservative Growth Class I *

 

31,426,295

 

375,822,273

 

491,605,581

 

Pacific Dynamix - Moderate Growth

 

Pacific Dynamix - Moderate Growth Class I *

 

113,101,745

 

1,624,121,103

 

2,214,319,536

 

Pacific Dynamix - Growth

 

Pacific Dynamix - Growth Class I *

 

31,193,539

 

441,374,647

 

681,745,125

 

Portfolio Optimization Conservative

 

Portfolio Optimization Conservative Class I *

 

131,441,963

 

1,290,280,271

 

1,684,283,511

 

Portfolio Optimization Moderate-Conservative

 

Portfolio Optimization Moderate-Conservative Class I *

 

197,127,984

 

1,917,330,658

 

2,738,878,659

 

Portfolio Optimization Moderate

 

Portfolio Optimization Moderate Class I *

 

750,355,228

 

7,199,870,766

 

11,150,483,535

 

Portfolio Optimization Growth

 

Portfolio Optimization Growth Class I *

 

596,549,384

 

5,647,572,567

 

9,470,588,944

 

Portfolio Optimization Aggressive-Growth

 

Portfolio Optimization Aggressive-Growth Class I *

 

121,871,720

 

1,138,611,774

 

1,996,075,592

 

PSF DFA Balanced Allocation

 

PSF DFA Balanced Allocation Class D *

 

7,934,602

 

86,319,187

 

94,772,567

 

 

 

 

 

 

 

 

 

 

 

 

 

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

 

 

 

 

 

 

 

Invesco V.I. Balanced-Risk Allocation Series II

 

Invesco V.I. Balanced-Risk Allocation Series II

 

35,886,168

 

385,933,911

 

400,848,497

 

Invesco V.I. Equity and Income Series II

 

Invesco V.I. Equity and Income Series II

 

2,179,145

 

37,358,349

 

41,294,798

 

Invesco V.I. Global Real Estate Series II

 

Invesco V.I. Global Real Estate Series II

 

352,523

 

5,659,359

 

5,943,532

 

 

 

 

 

 

 

 

 

 

 

 

 

American Century Variable Portfolios, Inc.

 

 

 

 

 

 

 

American Century VP Mid Cap Value Class II

 

American Century VP Mid Cap Value Class II

 

3,442,039

 

64,248,521

 

78,340,817

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds Insurance Series®

 

 

 

 

 

 

 

American Funds IS Asset Allocation Class 4

 

American Funds IS Asset Allocation Class 4

 

124,880,919

 

2,636,140,177

 

2,922,213,497

 

American Funds IS Blue Chip Income and Growth Class 4

 

American Funds IS Blue Chip Income and Growth Class 4

 

5,125,465

 

67,277,035

 

75,703,119

 

American Funds IS Bond Class 4

 

American Funds IS Bond Class 4

 

2,922,883

 

31,593,656

 

31,216,391

 

American Funds IS Capital Income Builder® Class 4

 

American Funds IS Capital Income Builder Class 4

 

7,989,985

 

77,675,617

 

82,936,045

 

 

See Notes to Financial Statements

 

See explanation of symbol on page G-3

 

G-1



 

SEPARATE ACCOUNT A

SCHEDULE OF INVESTMENTS (Continued)

DECEMBER 31, 2017

 

Variable Accounts

 

Underlying Portfolios/Funds

 

Shares

 

Cost

 

Value

 

 

 

American Funds Insurance Series® (Continued)

 

 

 

 

 

 

 

American Funds IS Global Balanced Class 4

 

American Funds IS Global Balanced Class 4

 

3,129,223

 

$

37,630,483

 

$

39,522,092

 

American Funds IS Global Bond Class 4

 

American Funds IS Global Bond Class 4

 

747,013

 

8,538,120

 

8,740,056

 

American Funds IS Global Growth and Income Class 4

 

American Funds IS Global Growth and Income Class 4

 

1,396,635

 

19,307,110

 

21,787,510

 

American Funds IS Global Growth Class 4

 

American Funds IS Global Growth Class 4

 

2,347,689

 

61,484,218

 

70,735,865

 

American Funds IS Global Small Capitalization Class 4

 

American Funds IS Global Small Capitalization Class 4

 

350,191

 

7,679,020

 

8,723,265

 

American Funds IS Growth Class 4

 

American Funds IS Growth Class 4

 

4,545,640

 

306,019,110

 

348,014,221

 

American Funds IS Growth-Income Class 4

 

American Funds IS Growth-Income Class 4

 

6,750,784

 

304,286,973

 

332,881,148

 

American Funds IS High-Income Bond Class 4

 

American Funds IS High-Income Bond Class 4

 

1,755,553

 

18,818,306

 

18,995,083

 

American Funds IS International Class 4

 

American Funds IS International Class 4

 

2,479,290

 

47,005,620

 

53,106,381

 

American Funds IS International Growth and Income Class 4

 

American Funds IS International Growth and Income Class 4

 

2,505,420

 

40,007,418

 

44,045,277

 

American Funds IS Managed Risk Asset Allocation Class P2

 

American Funds IS Managed Risk Asset Allocation Class P2

 

8,299,651

 

99,645,448

 

112,460,266

 

American Funds IS New World Fund® Class 4

 

American Funds IS New World Fund Class 4

 

1,710,785

 

35,692,660

 

42,752,523

 

American Funds IS U.S. Government/AAA-Rated Securities Class 4

 

American Funds IS U.S. Government/AAA-Rated Securities Class 4

 

3,290,255

 

40,131,464

 

39,417,251

 

 

 

 

 

 

 

 

 

 

 

 

 

BlackRock® Variable Series Funds, Inc.

 

 

 

 

 

 

 

BlackRock Capital Appreciation V.I. Class III

 

BlackRock Capital Appreciation V.I. Class III

 

3,713,533

 

31,715,899

 

37,766,632

 

BlackRock Global Allocation V.I. Class III

 

BlackRock Global Allocation V.I. Class III

 

133,786,150

 

1,653,797,440

 

1,985,386,469

 

BlackRock iShares® Alternative Strategies V.I. Class I

 

BlackRock iShares Alternative Strategies V.I. Class I

 

1,102,445

 

11,331,575

 

12,281,242

 

BlackRock iShares Dynamic Allocation V.I. Class I

 

BlackRock iShares Dynamic Allocation V.I. Class I

 

1,963,880

 

19,572,625

 

21,857,982

 

BlackRock iShares Dynamic Fixed Income V.I. Class I

 

BlackRock iShares Dynamic Fixed Income V.I. Class I

 

1,426,857

 

14,298,509

 

14,368,446

 

BlackRock iShares Equity Appreciation V.I. Class I

 

BlackRock iShares Equity Appreciation V.I. Class I

 

1,135,527

 

11,147,510

 

13,342,444

 

 

 

 

 

 

 

 

 

 

 

 

 

Fidelity® Variable Insurance Products Funds

 

 

 

 

 

 

 

Fidelity VIP Contrafund® Service Class 2

 

Fidelity VIP Contrafund Service Class 2

 

4,978,552

 

160,594,139

 

184,455,349

 

Fidelity VIP FundsManager® 60% Service Class 2

 

Fidelity VIP FundsManager 60% Service Class 2

 

19,999,186

 

222,126,835

 

249,389,853

 

Fidelity VIP Government Money Market Service Class

 

Fidelity VIP Government Money Market Service Class

 

237,514,032

 

237,514,032

 

237,514,032

 

Fidelity VIP Strategic Income Service Class 2

 

Fidelity VIP Strategic Income Service Class 2

 

4,576,440

 

51,129,713

 

52,171,412

 

 

 

 

 

 

 

 

 

 

 

 

 

First Trust Variable Insurance Trust

 

 

 

 

 

 

 

First Trust Dorsey Wright Tactical Core Class I

 

First Trust Dorsey Wright Tactical Core Class I

 

1,316,827

 

13,268,501

 

15,024,991

 

First Trust/Dow Jones Dividend & Income Allocation Class I

 

First Trust/Dow Jones Dividend & Income Allocation Class I

 

40,397,087

 

488,630,007

 

554,652,007

 

First Trust Multi Income Allocation Class I

 

First Trust Multi Income Allocation Class I

 

844,839

 

8,697,341

 

9,200,292

 

 

 

 

 

 

 

 

 

 

 

 

 

Franklin Templeton Variable Insurance Products Trust

 

 

 

 

 

 

 

Franklin Founding Funds Allocation VIP Class 2

 

Franklin Founding Funds Allocation VIP Class 2

 

2,927,238

 

20,403,140

 

21,632,290

 

Franklin Founding Funds Allocation VIP Class 4

 

Franklin Founding Funds Allocation VIP Class 4

 

45,212,219

 

282,129,814

 

340,448,005

 

Franklin Income VIP Class 2

 

Franklin Income VIP Class 2

 

2,339,186

 

35,204,729

 

37,824,633

 

Franklin Mutual Global Discovery VIP Class 2

 

Franklin Mutual Global Discovery VIP Class 2

 

11,132,107

 

226,846,737

 

220,415,709

 

Franklin Rising Dividends VIP Class 2

 

Franklin Rising Dividends VIP Class 2

 

5,890,187

 

146,256,350

 

167,634,734

 

Templeton Global Bond VIP Class 2

 

Templeton Global Bond VIP Class 2

 

5,665,742

 

94,418,613

 

93,541,395

 

 

 

 

 

 

 

 

 

 

 

 

 

Ivy Variable Insurance Portfolios

 

 

 

 

 

 

 

Ivy VIP Asset Strategy

 

Ivy VIP Asset Strategy

 

1,657,801

 

14,881,489

 

15,529,949

 

Ivy VIP Energy

 

Ivy VIP Energy

 

3,483,288

 

17,933,824

 

20,442,718

 

 

 

 

 

 

 

 

 

 

 

 

 

Janus Aspen Series

 

 

 

 

 

 

 

Janus Henderson Balanced Service Shares

 

Janus Henderson Balanced Service Shares

 

47,748,049

 

1,533,686,452

 

1,770,975,129

 

Janus Henderson Flexible Bond Service Shares

 

Janus Henderson Flexible Bond Service Shares

 

2,226,676

 

28,553,102

 

28,345,580

 

 

 

 

 

 

 

 

 

 

 

 

 

JPMorgan Insurance Trust

 

 

 

 

 

 

 

JPMorgan Insurance Trust Core Bond Class 1

 

JPMorgan Insurance Trust Core Bond Class 1

 

34,289

 

362,918

 

375,125

 

JPMorgan Insurance Trust Global Allocation Class 2

 

JPMorgan Insurance Trust Global Allocation Class 2

 

522,039

 

8,133,667

 

8,639,746

 

JPMorgan Insurance Trust Income Builder Class 2

 

JPMorgan Insurance Trust Income Builder Class 2

 

789,192

 

7,855,059

 

8,381,217

 

JPMorgan Insurance Trust Mid Cap Value Class 1

 

JPMorgan Insurance Trust Mid Cap Value Class 1

 

8,183

 

57,243

 

96,805

 

JPMorgan Insurance Trust U.S. Equity Class 1

 

JPMorgan Insurance Trust U.S. Equity Class 1

 

2,041

 

20,781

 

66,176

 

 

 

 

 

 

 

 

 

 

 

 

 

Legg Mason Partners Variable Equity Trust

 

 

 

 

 

 

 

ClearBridge Variable Aggressive Growth - Class II

 

ClearBridge Variable Aggressive Growth - Class II

 

246,045

 

6,295,276

 

6,589,090

 

 

 

 

 

 

 

 

 

 

 

 

 

Lord Abbett Series Fund, Inc.

 

 

 

 

 

 

 

Lord Abbett Bond Debenture Class VC

 

Lord Abbett Bond Debenture Class VC

 

7,178,934

 

86,207,706

 

88,875,206

 

Lord Abbett International Equity Class VC

 

Lord Abbett International Equity Class VC

 

3,618,830

 

58,056,931

 

65,862,706

 

Lord Abbett Total Return Class VC

 

Lord Abbett Total Return Class VC

 

17,821,933

 

296,072,446

 

296,913,405

 

 

See Notes to Financial Statements

 

See explanation of symbol on page G-3

 

G-2



 

SEPARATE ACCOUNT A

SCHEDULE OF INVESTMENTS (Continued)

DECEMBER 31, 2017

 

Variable Accounts

 

Underlying Portfolios/Funds

 

Shares

 

Cost

 

Value

 

 

 

MFS® Variable Insurance Trust

 

 

 

 

 

 

 

MFS Total Return Series - Service Class

 

MFS Total Return Series - Service Class

 

18,122,847

 

$

  397,702,473

 

$

  440,022,728

 

MFS Utilities Series - Service Class

 

MFS Utilities Series - Service Class

 

1,437,000

 

38,375,023

 

41,644,256

 

MFS Value Series - Service Class

 

MFS Value Series - Service Class

 

4,060,330

 

65,484,871

 

83,439,776

 

 

 

 

 

 

 

 

 

 

 

 

 

MFS Variable Insurance Trust II

 

 

 

 

 

 

 

MFS Massachusetts Investors Growth Stock - Service Class

 

MFS Massachusetts Investors Growth Stock - Service Class

 

4,175,182

 

71,366,994

 

76,739,843

 

 

 

 

 

 

 

 

 

 

 

 

 

Neuberger Berman Advisers Management Trust

 

 

 

 

 

 

 

Neuberger Berman U.S. Equity Index PutWrite Strategy Class S

 

Neuberger Berman U.S. Equity Index PutWrite Strategy Class S *

 

65,935

 

615,772

 

652,759

 

 

 

 

 

 

 

 

 

 

 

 

 

Oppenheimer Variable Account Funds

 

 

 

 

 

 

 

Oppenheimer Global Fund/VA Service Shares

 

Oppenheimer Global Fund/VA Service Shares

 

387,519

 

15,785,635

 

18,166,885

 

Oppenheimer International Growth Fund/VA Service Shares

 

Oppenheimer International Growth Fund/VA Service Shares

 

3,965,871

 

9,416,012

 

10,707,853

 

 

 

 

 

 

 

 

 

 

 

 

 

PIMCO Variable Insurance Trust

 

 

 

 

 

 

 

PIMCO All Asset All Authority - Advisor Class

 

PIMCO All Asset All Authority - Advisor Class

 

477,760

 

3,821,357

 

4,242,510

 

PIMCO CommodityRealReturn® Strategy - Advisor Class

 

PIMCO CommodityRealReturn Strategy - Advisor Class

 

983,591

 

7,234,967

 

7,121,196

 

 

 

 

 

 

 

 

 

 

 

 

 

Prudential Series Fund

 

 

 

 

 

 

 

Jennison Class II

 

Jennison Class II *

 

2,867

 

34,602

 

170,258

 

SP International Growth Class II

 

SP International Growth Class II *

 

7,378

 

26,478

 

57,546

 

SP Prudential U.S. Emerging Growth Class II

 

SP Prudential U.S. Emerging Growth Class II *

 

7,984

 

46,257

 

111,371

 

Value Class II

 

Value Class II *

 

4,152

 

53,368

 

129,837

 

 

 

 

 

 

 

 

 

 

 

 

 

Schwab Annuity Portfolios

 

 

 

 

 

 

 

Schwab VIT Balanced

 

Schwab VIT Balanced

 

4,672,286

 

52,075,293

 

58,777,353

 

Schwab VIT Balanced with Growth

 

Schwab VIT Balanced with Growth

 

9,941,557

 

115,543,530

 

137,193,483

 

Schwab VIT Growth

 

Schwab VIT Growth

 

9,416,269

 

114,976,491

 

143,880,587

 

 

 

 

 

 

 

 

 

 

 

 

 

State Street Variable Insurance Series Funds, Inc.

 

 

 

 

 

 

 

State Street Total Return V.I.S. Class 3

 

State Street Total Return V.I.S. Class 3

 

24,058,056

 

391,206,928

 

478,274,151

 

 

 

 

 

 

 

 

 

 

 

 

 

VanEck VIP Trust

 

 

 

 

 

 

 

VanEck VIP Global Hard Assets Class S

 

VanEck VIP Global Hard Assets Class S *

 

752,543

 

13,899,927

 

17,210,670

 

 


* The variable account did not receive any dividend or capital gain distributions from its underlying portfolio/fund during the reporting period (See Note 3 in Notes to Financial Statements).

 

See Notes to Financial Statements

 

 

 

G-3



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

Core

 

Diversified

 

Floating

 

Floating

 

High Yield

 

Inflation

 

 

 

Income

 

Bond

 

Rate Income

 

Rate Loan

 

Bond

 

Managed

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$9,461,142

 

$146,495,526

 

$45,411,235

 

$122,542,729

 

$185,035,625

 

$204,079,971

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

5,494

 

379,208

 

57,938

 

308,419

 

 

115,044

 

Investments sold

 

 

 

 

 

15,487

 

 

Total Assets

 

9,466,636

 

146,874,734

 

45,469,173

 

122,851,148

 

185,051,112

 

204,195,015

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

 

 

 

 

13,210

 

 

Investments purchased

 

5,893

 

380,702

 

59,245

 

307,847

 

 

111,922

 

Total Liabilities

 

5,893

 

380,702

 

59,245

 

307,847

 

13,210

 

111,922

 

NET ASSETS

 

$9,460,743

 

$146,494,032

 

$45,409,928

 

$122,543,301

 

$185,037,902

 

$204,083,093

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

9,460,743

 

146,465,641

 

45,409,928

 

122,532,159

 

184,828,925

 

203,860,878

 

Contracts in payout (annuitization) period

 

 

28,391

 

 

11,142

 

208,977

 

222,215

 

NET ASSETS

 

$9,460,743

 

$146,494,032

 

$45,409,928

 

$122,543,301

 

$185,037,902

 

$204,083,093

 

Units Outstanding

 

909,570

 

11,361,172

 

4,156,679

 

11,430,365

 

10,424,807

 

12,265,881

 

Accumulation Unit Value

 

$10.18 - $10.62

 

$10.74 - $16.03

 

$10.16 - $11.43

 

$9.85 - $13.12

 

$10.38 - $25.73

 

$9.02 - $23.21

 

Cost of Investments

 

$8,962,437

 

$123,522,744

 

$40,138,178

 

$105,304,207

 

$109,843,930

 

$192,872,040

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inflation

 

Managed

 

Short Duration

 

Emerging

 

 

 

Developing

 

 

 

Strategy

 

Bond

 

Bond

 

Markets Debt

 

Comstock

 

Growth

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$14,710,268

 

$402,525,417

 

$319,787,350

 

$22,826,255

 

$209,741,205

 

$96,783,252

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

13,052

 

 

151,465

 

19,470

 

 

 

Investments sold

 

 

80,696

 

 

 

234,548

 

116,726

 

Total Assets

 

14,723,320

 

402,606,113

 

319,938,815

 

22,845,725

 

209,975,753

 

96,899,978

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

 

78,254

 

 

 

232,164

 

115,198

 

Investments purchased

 

13,252

 

 

152,229

 

20,443

 

 

 

Total Liabilities

 

13,252

 

78,254

 

152,229

 

20,443

 

232,164

 

115,198

 

NET ASSETS

 

$14,710,068

 

$402,527,859

 

$319,786,586

 

$22,825,282

 

$209,743,589

 

$96,784,780

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

14,710,068

 

401,918,046

 

319,719,647

 

22,801,743

 

209,671,683

 

96,672,333

 

Contracts in payout (annuitization) period

 

 

609,813

 

66,939

 

23,539

 

71,906

 

112,447

 

NET ASSETS

 

$14,710,068

 

$402,527,859

 

$319,786,586

 

$22,825,282

 

$209,743,589

 

$96,784,780

 

Units Outstanding

 

1,550,670

 

22,936,556

 

30,998,708

 

2,013,734

 

10,246,575

 

5,581,503

 

Accumulation Unit Value

 

$8.60 - $10.46

 

$10.00 - $25.80

 

$9.56 - $12.35

 

$10.37 - $12.31

 

$11.89 - $25.54

 

$12.99 - $21.11

 

Cost of Investments

 

$14,342,967

 

$326,374,488

 

$299,642,351

 

$19,289,386

 

$81,417,885

 

$39,252,678

 

 

See Notes to Financial Statements

 

H-1



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES  (Continued)

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

Dividend

 

Equity

 

Focused

 

 

 

Large-Cap

 

Large-Cap

 

 

 

Growth

 

Index

 

Growth

 

Growth

 

Growth

 

Value

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$298,907,232

 

$774,543,866

 

$129,578,601

 

$241,794,931

 

$154,329,531

 

$214,496,538

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

 

727,767

 

22,006

 

 

 

 

Investments sold

 

124,222

 

 

 

52,406

 

215,024

 

36,584

 

Total Assets

 

299,031,454

 

775,271,633

 

129,600,607

 

241,847,337

 

154,544,555

 

214,533,122

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

123,131

 

 

 

52,747

 

213,646

 

33,168

 

Investments purchased

 

 

728,970

 

22,467

 

 

 

 

Total Liabilities

 

123,131

 

728,970

 

22,467

 

52,747

 

213,646

 

33,168

 

NET ASSETS

 

$298,908,323

 

$774,542,663

 

$129,578,140

 

$241,794,590

 

$154,330,909

 

$214,499,954

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

298,757,776

 

774,248,300

 

129,509,497

 

241,633,864

 

154,182,880

 

214,362,430

 

Contracts in payout (annuitization) period

 

150,547

 

294,363

 

68,643

 

160,726

 

148,029

 

137,524

 

NET ASSETS

 

$298,908,323

 

$774,542,663

 

$129,578,140

 

$241,794,590

 

$154,330,909

 

$214,499,954

 

Units Outstanding

 

14,677,356

 

35,402,014

 

5,314,062

 

7,279,286

 

8,806,973

 

9,827,960

 

Accumulation Unit Value

 

$11.26 - $25.52

 

$11.37 - $45.10

 

$13.14 - $44.85

 

$11.87 - $50.44

 

$13.53 - $27.38

 

$10.89 - $26.77

 

Cost of Investments

 

$122,548,304

 

$367,802,608

 

$30,165,609

 

$105,809,833

 

$55,088,867

 

$76,591,428

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long/Short

 

Main Street

 

Mid-Cap

 

Mid-Cap

 

Mid-Cap

 

Small-Cap

 

 

 

Large-Cap

 

Core

 

Equity

 

Growth

 

Value

 

Equity

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$31,428,734

 

$288,944,528

 

$221,538,921

 

$208,389,574

 

$95,753,129

 

$51,462,351

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

 

23,501

 

31,181

 

 

 

 

Investments sold

 

16,082

 

 

 

236,246

 

15,596

 

81,003

 

Total Assets

 

31,444,816

 

288,968,029

 

221,570,102

 

208,625,820

 

95,768,725

 

51,543,354

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

15,293

 

 

 

234,767

 

15,658

 

81,398

 

Investments purchased

 

 

21,445

 

29,085

 

 

 

 

Total Liabilities

 

15,293

 

21,445

 

29,085

 

234,767

 

15,658

 

81,398

 

NET ASSETS

 

$31,429,523

 

$288,946,584

 

$221,541,017

 

$208,391,053

 

$95,753,067

 

$51,461,956

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

31,426,124

 

288,361,043

 

221,307,352

 

208,305,604

 

95,751,558

 

51,429,305

 

Contracts in payout (annuitization) period

 

3,399

 

585,541

 

233,665

 

85,449

 

1,509

 

32,651

 

NET ASSETS

 

$31,429,523

 

$288,946,584

 

$221,541,017

 

$208,391,053

 

$95,753,067

 

$51,461,956

 

Units Outstanding

 

1,685,079

 

10,697,448

 

7,230,346

 

11,487,278

 

4,455,306

 

2,458,757

 

Accumulation Unit Value

 

$12.31 - $24.15

 

$11.94 - $36.17

 

$12.64 - $43.78

 

$11.89 - $22.91

 

$11.64 - $31.64

 

$11.17 - $32.14

 

Cost of Investments

 

$13,086,149

 

$94,227,066

 

$84,597,023

 

$71,228,082

 

$51,048,004

 

$23,644,847

 

 

See Notes to Financial Statements

 

H-2



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES  (Continued)

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

Small-Cap

 

Small-Cap

 

Value

 

Emerging

 

International

 

International

 

 

 

Index

 

Value

 

Advantage

 

Markets

 

Large-Cap

 

Small-Cap

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$211,160,384

 

$129,259,429

 

$30,257,660

 

$211,019,516

 

$274,973,730

 

$48,214,287

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

245,646

 

49,442

 

 

3,147

 

 

34,858

 

Investments sold

 

 

 

115,540

 

 

5,497

 

 

Total Assets

 

211,406,030

 

129,308,871

 

30,373,200

 

211,022,663

 

274,979,227

 

48,249,145

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

 

 

116,436

 

 

2,966

 

 

Investments purchased

 

244,572

 

48,583

 

 

1,827

 

 

33,756

 

Total Liabilities

 

244,572

 

48,583

 

116,436

 

1,827

 

2,966

 

33,756

 

NET ASSETS

 

$211,161,458

 

$129,260,288

 

$30,256,764

 

$211,020,836

 

$274,976,261

 

$48,215,389

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

211,066,080

 

129,050,912

 

30,253,413

 

210,884,841

 

274,848,904

 

48,152,310

 

Contracts in payout (annuitization) period

 

95,378

 

209,376

 

3,351

 

135,995

 

127,357

 

63,079

 

NET ASSETS

 

$211,161,458

 

$129,260,288

 

$30,256,764

 

$211,020,836

 

$274,976,261

 

$48,215,389

 

Units Outstanding

 

9,016,533

 

4,675,161

 

1,902,695

 

9,314,917

 

17,360,973

 

3,211,943

 

Accumulation Unit Value

 

$11.15 - $33.40

 

$11.09 - $51.24

 

$11.61 - $16.61

 

$11.24 - $72.35

 

$12.46 - $26.09

 

$13.45 - $21.67

 

Cost of Investments

 

$72,732,178

 

$51,910,884

 

$23,044,468

 

$65,102,367

 

$124,291,945

 

$20,140,953

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International

 

Health

 

Real

 

 

 

Currency

 

Diversified

 

 

 

Value

 

Sciences

 

Estate

 

Technology

 

Strategies

 

Alternatives

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$126,981,319

 

$265,860,042

 

$153,946,550

 

$102,090,095

 

$3,469,727

 

$1,918,850

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

 

97,383

 

19,741

 

 

3,224

 

384

 

Investments sold

 

71,473

 

 

 

46,005

 

 

 

Total Assets

 

127,052,792

 

265,957,425

 

153,966,291

 

102,136,100

 

3,472,951

 

1,919,234

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

70,096

 

 

 

46,885

 

 

 

Investments purchased

 

 

96,185

 

17,294

 

 

3,282

 

497

 

Total Liabilities

 

70,096

 

96,185

 

17,294

 

46,885

 

3,282

 

497

 

NET ASSETS

 

$126,982,696

 

$265,861,240

 

$153,948,997

 

$102,089,215

 

$3,469,669

 

$1,918,737

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

126,847,603

 

265,709,766

 

153,797,215

 

102,075,440

 

3,469,669

 

1,918,737

 

Contracts in payout (annuitization) period

 

135,093

 

151,474

 

151,782

 

13,775

 

 

 

NET ASSETS

 

$126,982,696

 

$265,861,240

 

$153,948,997

 

$102,089,215

 

$3,469,669

 

$1,918,737

 

Units Outstanding

 

9,834,920

 

8,438,143

 

6,555,664

 

7,597,226

 

343,749

 

173,500

 

Accumulation Unit Value

 

$7.93 - $15.12

 

$12.38 - $56.24

 

$10.84 - $53.42

 

$8.80 - $18.15

 

$9.63 - $10.66

 

$10.89 - $11.26

 

Cost of Investments

 

$72,402,793

 

$59,402,049

 

$46,455,037

 

$52,577,836

 

$3,245,987

 

$1,821,290

 

 

See Notes to Financial Statements

 

H-3



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES  (Continued)

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

 

 

 

 

Pacific

 

Pacific

 

 

 

 

 

 

 

 

 

Global

 

Dynamix -

 

Dynamix -

 

Pacific

 

Portfolio

 

 

 

Equity

 

Absolute

 

Conservative

 

Moderate

 

Dynamix -

 

Optimization

 

 

 

Long/Short

 

Return

 

Growth

 

Growth

 

Growth

 

Conservative

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$16,386,807

 

$11,892,063

 

$491,605,581

 

$2,214,319,536

 

$681,745,125

 

$1,684,283,511

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

38,607

 

9,529

 

 

1,007,921

 

480,168

 

 

Investments sold

 

 

 

65,904

 

 

 

673,193

 

Total Assets

 

16,425,414

 

11,901,592

 

491,671,485

 

2,215,327,457

 

682,225,293

 

1,684,956,704

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

 

 

66,647

 

 

 

668,181

 

Investments purchased

 

39,407

 

10,084

 

 

1,007,532

 

482,004

 

 

Total Liabilities

 

39,407

 

10,084

 

66,647

 

1,007,532

 

482,004

 

668,181

 

NET ASSETS

 

$16,386,007

 

$11,891,508

 

$491,604,838

 

$2,214,319,925

 

$681,743,289

 

$1,684,288,523

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

16,386,007

 

11,891,508

 

491,427,778

 

2,214,300,112

 

681,552,490

 

1,683,665,181

 

Contracts in payout (annuitization) period

 

 

 

177,060

 

19,813

 

190,799

 

623,342

 

NET ASSETS

 

$16,386,007

 

$11,891,508

 

$491,604,838

 

$2,214,319,925

 

$681,743,289

 

$1,684,288,523

 

Units Outstanding

 

1,124,089

 

1,073,567

 

34,531,502

 

142,605,677

 

36,584,813

 

140,870,741

 

Accumulation Unit Value

 

$11.90 - $14.97

 

$10.73 - $11.71

 

$10.59 - $18.38

 

$10.84 - $21.33

 

$11.10 - $24.59

 

$10.37 - $12.91

 

Cost of Investments

 

$12,710,953

 

$10,077,412

 

$375,822,273

 

$1,624,121,103

 

$441,374,647

 

$1,290,280,271

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio

 

 

 

 

 

Portfolio

 

 

 

Invesco V.I.

 

 

 

Optimization

 

Portfolio

 

Portfolio

 

Optimization

 

PSF DFA

 

Balanced-Risk

 

 

 

Moderate-

 

Optimization

 

Optimization

 

Aggressive-

 

Balanced

 

Allocation

 

 

 

Conservative

 

Moderate

 

Growth

 

Growth

 

Allocation

 

Series II

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$2,738,878,659

 

$11,150,483,535

 

$9,470,588,944

 

$1,996,075,592

 

$94,772,567

 

$400,848,497

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

 

 

 

 

420,667

 

 

Investments sold

 

872,659

 

4,631,796

 

4,312,408

 

1,627,407

 

 

136,730

 

Total Assets

 

2,739,751,318

 

11,155,115,331

 

9,474,901,352

 

1,997,702,999

 

95,193,234

 

400,985,227

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

867,857

 

4,624,560

 

4,305,162

 

1,623,021

 

 

134,018

 

Investments purchased

 

 

 

 

 

423,771

 

 

Total Liabilities

 

867,857

 

4,624,560

 

4,305,162

 

1,623,021

 

423,771

 

134,018

 

NET ASSETS

 

$2,738,883,461

 

$11,150,490,771

 

$9,470,596,190

 

$1,996,079,978

 

$94,769,463

 

$400,851,209

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

2,737,639,602

 

11,147,799,350

 

9,468,451,093

 

1,994,977,001

 

94,769,463

 

400,833,044

 

Contracts in payout (annuitization) period

 

1,243,859

 

2,691,421

 

2,145,097

 

1,102,977

 

 

18,165

 

NET ASSETS

 

$2,738,883,461

 

$11,150,490,771

 

$9,470,596,190

 

$1,996,079,978

 

$94,769,463

 

$400,851,209

 

Units Outstanding

 

211,675,881

 

807,845,322

 

645,370,093

 

132,519,299

 

8,143,033

 

25,137,938

 

Accumulation Unit Value

 

$10.61 - $14.02

 

$10.78 - $15.35

 

$11.82 - $16.76

 

$12.06 - $17.83

 

$10.84 - $11.83

 

$10.60 - $20.70

 

Cost of Investments

 

$1,917,330,658

 

$7,199,870,766

 

$5,647,572,567

 

$1,138,611,774

 

$86,319,187

 

$385,933,911

 

 

See Notes to Financial Statements

 

H-4



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES  (Continued)

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

Invesco V.I.

 

Invesco V.I.

 

American

 

 

 

American Funds

 

 

 

 

 

Equity and

 

Global

 

Century

 

American Funds

 

IS Blue Chip

 

American Funds

 

 

 

Income

 

Real Estate

 

VP Mid Cap

 

IS Asset Allocation

 

Income and Growth

 

IS Bond

 

 

 

Series II

 

Series II

 

Value Class II

 

Class 4

 

Class 4

 

Class 4

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$41,294,798

 

$5,943,532

 

$78,340,817

 

$2,922,213,497

 

$75,703,119

 

$31,216,391

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

211,313

 

4,648

 

65,595

 

513,264

 

79,726

 

67,787

 

Total Assets

 

41,506,111

 

5,948,180

 

78,406,412

 

2,922,726,761

 

75,782,845

 

31,284,178

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments purchased

 

213,727

 

5,031

 

67,596

 

520,008

 

82,684

 

69,001

 

Total Liabilities

 

213,727

 

5,031

 

67,596

 

520,008

 

82,684

 

69,001

 

NET ASSETS

 

$41,292,384

 

$5,943,149

 

$78,338,816

 

$2,922,206,753

 

$75,700,161

 

$31,215,177

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

41,286,613

 

5,943,149

 

78,306,404

 

2,922,096,042

 

75,663,006

 

31,215,177

 

Contracts in payout (annuitization) period

 

5,771

 

 

32,412

 

110,711

 

37,155

 

 

NET ASSETS

 

$41,292,384

 

$5,943,149

 

$78,338,816

 

$2,922,206,753

 

$75,700,161

 

$31,215,177

 

Units Outstanding

 

3,319,215

 

566,539

 

4,449,662

 

240,961,888

 

5,772,293

 

3,034,732

 

Accumulation Unit Value

 

$11.18 - $12.98

 

$10.28 - $11.64

 

$10.73 - $19.52

 

$10.87 - $12.97

 

$11.12 - $13.41

 

$10.12 - $10.44

 

Cost of Investments

 

$37,358,349

 

$5,659,359

 

$64,248,521

 

$2,636,140,177

 

$67,277,035

 

$31,593,656

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds

 

 

 

 

 

American Funds

 

 

 

American Funds

 

 

 

IS Capital

 

American Funds

 

American Funds

 

IS Global Growth

 

American Funds

 

IS Global Small

 

 

 

Income Builder

 

IS Global Balanced

 

IS Global Bond

 

and Income

 

IS Global Growth

 

Capitalization

 

 

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$82,936,045

 

$39,522,092

 

$8,740,056

 

$21,787,510

 

$70,735,865

 

$8,723,265

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

98,194

 

233,875

 

70,565

 

31,935

 

121,927

 

22,546

 

Total Assets

 

83,034,239

 

39,755,967

 

8,810,621

 

21,819,445

 

70,857,792

 

8,745,811

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments purchased

 

101,105

 

235,705

 

70,976

 

32,827

 

124,122

 

22,935

 

Total Liabilities

 

101,105

 

235,705

 

70,976

 

32,827

 

124,122

 

22,935

 

NET ASSETS

 

$82,933,134

 

$39,520,262

 

$8,739,645

 

$21,786,618

 

$70,733,670

 

$8,722,876

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

82,933,134

 

39,520,262

 

8,719,236

 

21,733,923

 

70,733,670

 

8,722,876

 

Contracts in payout (annuitization) period

 

 

 

20,409

 

52,695

 

 

 

NET ASSETS

 

$82,933,134

 

$39,520,262

 

$8,739,645

 

$21,786,618

 

$70,733,670

 

$8,722,876

 

Units Outstanding

 

7,548,239

 

3,314,682

 

836,041

 

1,693,500

 

4,938,435

 

705,959

 

Accumulation Unit Value

 

$10.65 - $11.46

 

$11.72 - $12.13

 

$10.27 - $10.65

 

$11.63 - $13.09

 

$11.84 - $14.95

 

$11.57 - $12.58

 

Cost of Investments

 

$77,675,617

 

$37,630,483

 

$8,538,120

 

$19,307,110

 

$61,484,218

 

$7,679,020

 

 

See Notes to Financial Statements

 

H-5



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES  (Continued)

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

 

 

 

 

American Funds

 

 

 

American Funds

 

American Funds

 

 

 

American Funds

 

American Funds

 

IS High-Income

 

American Funds

 

IS International

 

IS Managed Risk

 

 

 

IS Growth

 

IS Growth-Income

 

Bond

 

IS International

 

Growth and Income

 

Asset Allocation

 

 

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

Class P2

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$348,014,221

 

$332,881,148

 

$18,995,083

 

$53,106,381

 

$44,045,277

 

$112,460,266

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

 

 

 

 

86,422

 

133,978

 

Investments sold

 

114,190

 

440,625

 

5,859

 

10,674

 

 

 

Total Assets

 

348,128,411

 

333,321,773

 

19,000,942

 

53,117,055

 

44,131,699

 

112,594,244

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

119,559

 

445,779

 

6,676

 

12,821

 

 

 

Investments purchased

 

 

 

 

 

88,111

 

137,075

 

Total Liabilities

 

119,559

 

445,779

 

6,676

 

12,821

 

88,111

 

137,075

 

NET ASSETS

 

$348,008,852

 

$332,875,994

 

$18,994,266

 

$53,104,234

 

$44,043,588

 

$112,457,169

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

347,879,871

 

332,570,431

 

18,994,266

 

53,104,234

 

44,043,588

 

112,457,169

 

Contracts in payout (annuitization) period

 

128,981

 

305,563

 

 

 

 

 

NET ASSETS

 

$348,008,852

 

$332,875,994

 

$18,994,266

 

$53,104,234

 

$44,043,588

 

$112,457,169

 

Units Outstanding

 

25,511,615

 

25,370,686

 

1,647,144

 

4,423,951

 

3,960,415

 

9,214,722

 

Accumulation Unit Value

 

$11.62 - $15.75

 

$11.35 - $14.52

 

$10.28 - $11.76

 

$11.62 - $13.18

 

$10.53 - $12.72

 

$10.80 - $12.72

 

Cost of Investments

 

$306,019,110

 

$304,286,973

 

$18,818,306

 

$47,005,620

 

$40,007,418

 

$99,645,448

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds IS

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government/

 

BlackRock

 

BlackRock

 

BlackRock

 

BlackRock

 

 

 

American Funds IS

 

AAA-Rated

 

Capital

 

Global

 

iShares Alternative

 

iShares Dynamic

 

 

 

New World Fund

 

Securities

 

Appreciation

 

Allocation

 

Strategies

 

Allocation

 

 

 

Class 4

 

Class 4

 

V.I. Class III

 

V.I. Class III

 

V.I. Class I

 

V.I. Class I

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$42,752,523

 

$39,417,251

 

$37,766,632

 

$1,985,386,469

 

$12,281,242

 

$21,857,982

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

17,732

 

41,501

 

 

10,645

 

3,472

 

 

Investments sold

 

 

 

96,015

 

 

 

1,619

 

Total Assets

 

42,770,255

 

39,458,752

 

37,862,647

 

1,985,397,114

 

12,284,714

 

21,859,601

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

 

 

95,653

 

 

 

2,746

 

Investments purchased

 

19,357

 

43,844

 

 

6,953

 

4,200

 

 

Total Liabilities

 

19,357

 

43,844

 

95,653

 

6,953

 

4,200

 

2,746

 

NET ASSETS

 

$42,750,898

 

$39,414,908

 

$37,766,994

 

$1,985,390,161

 

$12,280,514

 

$21,856,855

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

42,750,898

 

39,414,908

 

37,766,994

 

1,985,337,556

 

12,258,430

 

21,856,855

 

Contracts in payout (annuitization) period

 

 

 

 

52,605

 

22,084

 

 

NET ASSETS

 

$42,750,898

 

$39,414,908

 

$37,766,994

 

$1,985,390,161

 

$12,280,514

 

$21,856,855

 

Units Outstanding

 

3,663,500

 

3,866,724

 

1,718,685

 

151,755,086

 

1,051,290

 

1,924,941

 

Accumulation Unit Value

 

$11.28 - $13.03

 

$9.88 - $10.54

 

$18.65 - $24.82

 

$10.75 - $14.76

 

$11.40 - $12.08

 

$10.95 - $11.75

 

Cost of Investments

 

$35,692,660

 

$40,131,464

 

$31,715,899

 

$1,653,797,440

 

$11,331,575

 

$19,572,625

 

 

See Notes to Financial Statements

 

H-6



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES  (Continued)

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

BlackRock

 

BlackRock

 

 

 

 

 

Fidelity VIP

 

 

 

 

 

iShares Dynamic

 

iShares Equity

 

Fidelity VIP

 

Fidelity VIP

 

Government

 

Fidelity VIP

 

 

 

Fixed Income

 

Appreciation

 

Contrafund

 

FundsManager 60%

 

Money Market

 

Strategic Income

 

 

 

V.I. Class I

 

V.I. Class I

 

Service Class 2

 

Service Class 2

 

Service Class

 

Service Class 2

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$14,368,446

 

$13,342,444

 

$184,455,349

 

$249,389,853

 

$237,514,032

 

$52,171,412

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

3,169

 

 

5,174

 

2,331

 

 

62,238

 

Investments sold

 

 

4,028

 

 

 

1,617,908

 

 

Total Assets

 

14,371,615

 

13,346,472

 

184,460,523

 

249,392,184

 

239,131,940

 

52,233,650

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

 

4,634

 

 

 

1,621,449

 

 

Investments purchased

 

3,760

 

 

8,494

 

4,070

 

 

64,114

 

Total Liabilities

 

3,760

 

4,634

 

8,494

 

4,070

 

1,621,449

 

64,114

 

NET ASSETS

 

$14,367,855

 

$13,341,838

 

$184,452,029

 

$249,388,114

 

$237,510,491

 

$52,169,536

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

14,367,855

 

13,341,838

 

184,452,029

 

249,388,114

 

237,156,166

 

52,169,536

 

Contracts in payout (annuitization) period

 

 

 

 

 

354,325

 

 

NET ASSETS

 

$14,367,855

 

$13,341,838

 

$184,452,029

 

$249,388,114

 

$237,510,491

 

$52,169,536

 

Units Outstanding

 

1,402,698

 

1,121,293

 

10,873,948

 

17,709,234

 

24,835,099

 

4,681,197

 

Accumulation Unit Value

 

$9.99 - $10.60

 

$11.68 - $12.45

 

$11.22 - $18.36

 

$11.02 - $15.39

 

$9.36 - $10.03

 

$10.81 - $11.57

 

Cost of Investments

 

$14,298,509

 

$11,147,510

 

$160,594,139

 

$222,126,835

 

$237,514,032

 

$51,129,713

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Trust

 

First Trust/Dow

 

First Trust

 

Franklin

 

Franklin

 

 

 

 

 

Dorsey Wright

 

Jones Dividend &

 

Multi Income

 

Founding Funds

 

Founding Funds

 

Franklin

 

 

 

Tactical Core

 

Income Allocation

 

Allocation

 

Allocation

 

Allocation

 

Income

 

 

 

Class I

 

Class I

 

Class I

 

VIP Class 2

 

VIP Class 4

 

VIP Class 2

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$15,024,991

 

$554,652,007

 

$9,200,292

 

$21,632,290

 

$340,448,005

 

$37,824,633

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

 

131,140

 

390

 

181,128

 

 

 

Investments sold

 

3,144

 

 

 

 

96,467

 

24,160

 

Total Assets

 

15,028,135

 

554,783,147

 

9,200,682

 

21,813,418

 

340,544,472

 

37,848,793

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

3,838

 

 

 

 

93,179

 

26,147

 

Investments purchased

 

 

137,158

 

780

 

181,573

 

 

 

Total Liabilities

 

3,838

 

137,158

 

780

 

181,573

 

93,179

 

26,147

 

NET ASSETS

 

$15,024,297

 

$554,645,989

 

$9,199,902

 

$21,631,845

 

$340,451,293

 

$37,822,646

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

15,024,297

 

554,538,906

 

9,199,902

 

21,625,564

 

340,451,293

 

37,822,646

 

Contracts in payout (annuitization) period

 

 

107,083

 

 

6,281

 

 

 

NET ASSETS

 

$15,024,297

 

$554,645,989

 

$9,199,902

 

$21,631,845

 

$340,451,293

 

$37,822,646

 

Units Outstanding

 

1,308,313

 

37,643,369

 

823,556

 

1,302,134

 

24,332,103

 

3,458,251

 

Accumulation Unit Value

 

$11.33 - $11.93

 

$10.92 - $16.07

 

$10.81 - $11.56

 

$15.32 - $17.58

 

$11.42 - $16.55

 

$10.72 - $11.23

 

Cost of Investments

 

$13,268,501

 

$488,630,007

 

$8,697,341

 

$20,403,140

 

$282,129,814

 

$35,204,729

 

 

See Notes to Financial Statements

 

H-7



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES  (Continued)

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

Franklin

 

Franklin

 

 

 

 

 

 

 

Janus

 

 

 

Mutual Global

 

Rising

 

Templeton

 

Ivy

 

 

 

Henderson

 

 

 

Discovery

 

Dividends

 

Global Bond

 

VIP Asset

 

Ivy

 

Balanced

 

 

 

VIP Class 2

 

VIP Class 2

 

VIP Class 2

 

Strategy

 

VIP Energy

 

Service Shares

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$220,415,709

 

$167,634,734

 

$93,541,395

 

$15,529,949

 

$20,442,718

 

$1,770,975,129

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

107,826

 

 

151,934

 

 

16,015

 

481,773

 

Investments sold

 

 

246,975

 

 

96,453

 

 

 

Total Assets

 

220,523,535

 

167,881,709

 

93,693,329

 

15,626,402

 

20,458,733

 

1,771,456,902

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

 

247,832

 

 

96,922

 

 

 

Investments purchased

 

110,077

 

 

153,729

 

 

17,280

 

482,659

 

Total Liabilities

 

110,077

 

247,832

 

153,729

 

96,922

 

17,280

 

482,659

 

NET ASSETS

 

$220,413,458

 

$167,633,877

 

$93,539,600

 

$15,529,480

 

$20,441,453

 

$1,770,974,243

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

220,304,829

 

167,602,944

 

93,535,270

 

15,529,480

 

20,441,453

 

1,770,967,892

 

Contracts in payout (annuitization) period

 

108,629

 

30,933

 

4,330

 

 

 

6,351

 

NET ASSETS

 

$220,413,458

 

$167,633,877

 

$93,539,600

 

$15,529,480

 

$20,441,453

 

$1,770,974,243

 

Units Outstanding

 

14,006,116

 

10,043,010

 

9,560,513

 

1,570,854

 

2,560,099

 

123,407,941

 

Accumulation Unit Value

 

$11.12 - $18.71

 

$12.10 - $18.23

 

$9.25 - $12.37

 

$9.61 - $11.93

 

$7.84 - $8.54

 

$11.17 - $15.53

 

Cost of Investments

 

$226,846,737

 

$146,256,350

 

$94,418,613

 

$14,881,489

 

$17,933,824

 

$1,533,686,452

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Janus

 

JPMorgan

 

JPMorgan

 

JPMorgan

 

JPMorgan

 

JPMorgan

 

 

 

Henderson

 

Insurance Trust

 

Insurance Trust

 

Insurance Trust

 

Insurance Trust

 

Insurance Trust

 

 

 

Flexible Bond

 

Core Bond

 

Global Allocation

 

Income Builder

 

Mid Cap Value

 

U.S. Equity

 

 

 

Service Shares

 

Class 1

 

Class 2

 

Class 2

 

Class 1

 

Class 1

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$28,345,580

 

$375,125

 

$8,639,746

 

$8,381,217

 

$96,805

 

$66,176

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

66,643

 

 

7,456

 

 

 

 

Investments sold

 

 

14

 

 

 

4

 

31

 

Total Assets

 

28,412,223

 

375,139

 

8,647,202

 

8,381,217

 

96,809

 

66,207

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

 

5

 

 

19

 

2

 

126

 

Investments purchased

 

67,799

 

 

7,796

 

403

 

 

 

Total Liabilities

 

67,799

 

5

 

7,796

 

422

 

2

 

126

 

NET ASSETS

 

$28,344,424

 

$375,134

 

$8,639,406

 

$8,380,795

 

$96,807

 

$66,081

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

28,338,513

 

374,851

 

8,639,406

 

8,380,795

 

96,807

 

66,081

 

Contracts in payout (annuitization) period

 

5,911

 

283

 

 

 

 

 

NET ASSETS

 

$28,344,424

 

$375,134

 

$8,639,406

 

$8,380,795

 

$96,807

 

$66,081

 

Units Outstanding

 

2,770,207

 

25,121

 

754,917

 

760,276

 

3,381

 

2,329

 

Accumulation Unit Value

 

$9.98 - $10.59

 

$14.54 - $14.94

 

$11.12 - $11.86

 

$10.80 - $11.35

 

$28.02 - $28.79

 

$28.37 - $28.37

 

Cost of Investments

 

$28,553,102

 

$362,918

 

$8,133,667

 

$7,855,059

 

$57,243

 

$20,781

 

 

See Notes to Financial Statements

 

H-8



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES  (Continued)

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

ClearBridge

 

Lord Abbett

 

Lord Abbett

 

 

 

MFS

 

MFS

 

 

 

Variable

 

Bond

 

International

 

Lord Abbett

 

Total Return

 

Utilities

 

 

 

Aggressive Growth

 

Debenture

 

Equity

 

Total Return

 

Series -

 

Series -

 

 

 

- Class II

 

Class VC

 

Class VC

 

Class VC

 

Service Class

 

Service Class

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$6,589,090

 

$88,875,206

 

$65,862,706

 

$296,913,405

 

$440,022,728

 

$41,644,256

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

1,838

 

 

 

338,466

 

 

77,865

 

Investments sold

 

 

64,755

 

75,588

 

 

92,854

 

 

Total Assets

 

6,590,928

 

88,939,961

 

65,938,294

 

297,251,871

 

440,115,582

 

41,722,121

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

 

66,876

 

76,103

 

 

95,881

 

 

Investments purchased

 

2,108

 

 

 

339,466

 

 

78,717

 

Total Liabilities

 

2,108

 

66,876

 

76,103

 

339,466

 

95,881

 

78,717

 

NET ASSETS

 

$6,588,820

 

$88,873,085

 

$65,862,191

 

$296,912,405

 

$440,019,701

 

$41,643,404

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

6,588,820

 

88,861,517

 

65,855,908

 

296,912,405

 

439,914,446

 

41,621,011

 

Contracts in payout (annuitization) period

 

 

11,568

 

6,283

 

 

105,255

 

22,393

 

NET ASSETS

 

$6,588,820

 

$88,873,085

 

$65,862,191

 

$296,912,405

 

$440,019,701

 

$41,643,404

 

Units Outstanding

 

583,639

 

7,119,649

 

4,639,673

 

25,749,327

 

29,971,293

 

3,260,393

 

Accumulation Unit Value

 

$11.08 - $11.65

 

$11.03 - $13.29

 

$10.32 - $15.52

 

$10.14 - $12.88

 

$10.73 - $16.36

 

$11.87 - $14.14

 

Cost of Investments

 

$6,295,276

 

$86,207,706

 

$58,056,931

 

$296,072,446

 

$397,702,473

 

$38,375,023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MFS

 

 

 

 

 

 

 

 

 

 

 

MFS

 

Massachusetts

 

Neuberger Berman

 

 

 

Oppenheimer

 

PIMCO

 

 

 

Value

 

Investors

 

U.S. Equity Index

 

Oppenheimer

 

International

 

All Asset All

 

 

 

Series -

 

Growth Stock -

 

PutWrite Strategy

 

Global Fund/VA

 

Growth Fund/VA

 

Authority -

 

 

 

Service Class

 

Service Class

 

Class S

 

Service Shares

 

Service Shares

 

Advisor Class

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$83,439,776

 

$76,739,843

 

$652,759

 

$18,166,885

 

$10,707,853

 

$4,242,510

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

 

 

 

1,889

 

8,486

 

455

 

Investments sold

 

73,699

 

177,448

 

24

 

 

 

 

Total Assets

 

83,513,475

 

76,917,291

 

652,783

 

18,168,774

 

10,716,339

 

4,242,965

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

73,587

 

176,986

 

58

 

 

 

 

Investments purchased

 

 

 

 

2,767

 

8,975

 

700

 

Total Liabilities

 

73,587

 

176,986

 

58

 

2,767

 

8,975

 

700

 

NET ASSETS

 

$83,439,888

 

$76,740,305

 

$652,725

 

$18,166,007

 

$10,707,364

 

$4,242,265

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

83,439,888

 

76,740,305

 

641,015

 

18,166,007

 

10,707,364

 

4,242,265

 

Contracts in payout (annuitization) period

 

 

 

11,710

 

 

 

 

NET ASSETS

 

$83,439,888

 

$76,740,305

 

$652,725

 

$18,166,007

 

$10,707,364

 

$4,242,265

 

Units Outstanding

 

3,800,832

 

5,881,500

 

64,702

 

1,407,294

 

901,922

 

428,374

 

Accumulation Unit Value

 

$20.33 - $25.05

 

$12.80 - $13.06

 

$9.99 - $10.30

 

$12.28 - $13.72

 

$11.63 - $12.96

 

$9.68 - $10.24

 

Cost of Investments

 

$65,484,871

 

$71,366,994

 

$615,772

 

$15,785,635

 

$9,416,012

 

$3,821,357

 

 

See Notes to Financial Statements

 

H-9



 

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES  (Continued)

DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

PIMCO

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity-

 

 

 

 

 

SP Prudential

 

 

 

 

 

 

 

RealReturn

 

 

 

SP International

 

U.S. Emerging

 

 

 

 

 

 

 

Strategy -

 

Jennison

 

Growth

 

Growth

 

Value

 

Schwab

 

 

 

Advisor Class

 

Class II

 

Class II

 

Class II

 

Class II

 

VIT Balanced

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$7,121,196

 

$170,258

 

$57,546

 

$111,371

 

$129,837

 

$58,777,353

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

 

67

 

 

 

 

 

Investments sold

 

596

 

26

 

3

 

18

 

6

 

3,537

 

Total Assets

 

7,121,792

 

170,351

 

57,549

 

111,389

 

129,843

 

58,780,890

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

1,017

 

 

33

 

27

 

104

 

3,834

 

Total Liabilities

 

1,017

 

 

33

 

27

 

104

 

3,834

 

NET ASSETS

 

$7,120,775

 

$170,351

 

$57,516

 

$111,362

 

$129,739

 

$58,777,056

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

7,120,775

 

170,351

 

57,516

 

111,362

 

129,739

 

58,777,056

 

Contracts in payout (annuitization) period

 

 

 

 

 

 

 

NET ASSETS

 

$7,120,775

 

$170,351

 

$57,516

 

$111,362

 

$129,739

 

$58,777,056

 

Units Outstanding

 

1,223,238

 

6,326

 

3,029

 

3,595

 

5,785

 

4,673,447

 

Accumulation Unit Value

 

$5.46 - $10.25

 

$26.45 - $28.01

 

$18.52 - $19.65

 

$30.69 - $32.49

 

$21.72 - $23.00

 

$11.13 - $12.61

 

Cost of Investments

 

$7,234,967

 

$34,602

 

$26,478

 

$46,257

 

$53,368

 

$52,075,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schwab

 

 

 

State Street

 

VanEck VIP

 

 

 

 

 

 

 

VIT Balanced

 

Schwab

 

Total Return

 

Global Hard Assets

 

 

 

 

 

 

 

with Growth

 

VIT Growth

 

V.I.S. Class 3

 

Class S

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in mutual funds, at value

 

$137,193,483

 

$143,880,587

 

$478,274,151

 

$17,210,670

 

 

 

 

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from Pacific Life Insurance Company

 

 

 

26,182

 

16,556

 

 

 

 

 

Investments sold

 

42,197

 

16,506

 

 

 

 

 

 

 

Total Assets

 

137,235,680

 

143,897,093

 

478,300,333

 

17,227,226

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables:

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to Pacific Life Insurance Company

 

42,896

 

16,705

 

 

 

 

 

 

 

Investments purchased

 

 

 

25,108

 

17,146

 

 

 

 

 

Total Liabilities

 

42,896

 

16,705

 

25,108

 

17,146

 

 

 

 

 

NET ASSETS

 

$137,192,784

 

$143,880,388

 

$478,275,225

 

$17,210,080

 

 

 

 

 

NET ASSETS CONSIST OF:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulation units

 

137,192,784

 

143,880,388

 

478,275,225

 

17,210,080

 

 

 

 

 

Contracts in payout (annuitization) period

 

 

 

 

 

 

 

 

 

NET ASSETS

 

$137,192,784

 

$143,880,388

 

$478,275,225

 

$17,210,080

 

 

 

 

 

Units Outstanding

 

10,035,039

 

9,505,102

 

28,254,998

 

2,200,630

 

 

 

 

 

Accumulation Unit Value

 

$11.68 - $13.83

 

$12.21 - $15.22

 

$10.93 - $21.13

 

$7.34 - $9.50

 

 

 

 

 

Cost of Investments

 

$115,543,530

 

$114,976,491

 

$391,206,928

 

$13,899,927

 

 

 

 

 

 

See Notes to Financial Statements

 

H-10



 

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

Core

 

Diversified

 

Floating

 

Floating

 

High Yield

 

Inflation

 

 

 

Income

 

Bond

 

Rate Income

 

Rate Loan

 

Bond

 

Managed

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

 

$

 

$

 

$

 

$

 

$

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

71,080

 

1,554,604

 

498,058

 

1,499,481

 

2,362,778

 

2,682,144

 

Administrative fees

 

15,076

 

282,708

 

96,363

 

256,782

 

372,224

 

397,695

 

Total Expenses

 

86,156

 

1,837,312

 

594,421

 

1,756,263

 

2,735,002

 

3,079,839

 

Net Investment Income (Loss)

 

(86,156

)

(1,837,312

)

(594,421

)

(1,756,263

)

(2,735,002

)

(3,079,839

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(3,477

)

39,317

 

46,993

 

223,034

 

5,348,427

 

368,282

 

Capital gain distributions (1)

 

 

 

 

 

 

 

Realized Gain (Loss) on Investments

 

(3,477

)

39,317

 

46,993

 

223,034

 

5,348,427

 

368,282

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

345,447

 

9,027,412

 

1,579,307

 

4,614,713

 

8,946,095

 

7,276,488

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

255,814

 

$

7,229,417

 

$

1,031,879

 

$

3,081,484

 

$

11,559,520

 

$

4,564,931

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inflation

 

Managed

 

Short Duration

 

Emerging

 

 

 

Developing

 

 

 

Strategy

 

Bond

 

Bond

 

Markets Debt

 

Comstock

 

Growth

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

 

$

 

$

 

$

 

$

 

$

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

167,614

 

5,010,875

 

2,716,669

 

213,637

 

1,842,875

 

942,739

 

Administrative fees

 

29,377

 

763,596

 

546,266

 

36,823

 

339,885

 

156,957

 

Total Expenses

 

196,991

 

5,774,471

 

3,262,935

 

250,460

 

2,182,760

 

1,099,696

 

Net Investment Income (Loss)

 

(196,991

)

(5,774,471

)

(3,262,935

)

(250,460

)

(2,182,760

)

(1,099,696

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(11,483

)

5,462,832

 

71,579

 

7,988

 

6,166,423

 

3,233,508

 

Capital gain distributions (1)

 

 

 

 

 

 

 

Realized Gain (Loss) on Investments

 

(11,483

)

5,462,832

 

71,579

 

7,988

 

6,166,423

 

3,233,508

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

455,492

 

13,463,307

 

3,761,955

 

2,142,046

 

26,827,699

 

20,716,927

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

247,018

 

$

13,151,668

 

$

570,599

 

$

1,899,574

 

$

30,811,362

 

$

22,850,739

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend

 

Equity

 

Focused

 

 

 

Large-Cap

 

Large-Cap

 

 

 

Growth

 

Index

 

Growth

 

Growth

 

Growth

 

Value

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

 

$

 

$

 

$

 

$

 

$

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

3,005,906

 

7,437,407

 

1,444,318

 

2,726,302

 

1,693,127

 

2,595,399

 

Administrative fees

 

515,821

 

1,336,821

 

226,373

 

377,877

 

265,253

 

397,966

 

Total Expenses

 

3,521,727

 

8,774,228

 

1,670,691

 

3,104,179

 

1,958,380

 

2,993,365

 

Net Investment Income (Loss)

 

(3,521,727

)

(8,774,228

)

(1,670,691

)

(3,104,179

)

(1,958,380

)

(2,993,365

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

2,725,467

 

(187,424

)

579,034

 

4,850,612

 

877,649

 

12,298,148

 

Capital gain distributions (1)

 

 

 

 

 

 

 

Realized Gain (Loss) on Investments

 

2,725,467

 

(187,424

)

579,034

 

4,850,612

 

877,649

 

12,298,148

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

46,410,534

 

130,405,208

 

28,867,859

 

54,745,187

 

37,665,511

 

15,231,511

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

45,614,274

 

$

121,443,556

 

$

27,776,202

 

$

56,491,620

 

$

36,584,780

 

$

24,536,294

 

 


(1) See Note 3 in Notes to Financial Statements.

 

See Notes to Financial Statements

 

H-11



 

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS  (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

Long/Short

 

Main Street

 

Mid-Cap

 

Mid-Cap

 

Mid-Cap

 

Small-Cap

 

 

 

Large-Cap

 

Core

 

Equity

 

Growth

 

Value

 

Equity

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

 

$

 

$

 

$

 

$

 

$

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

360,096

 

3,593,064

 

2,575,795

 

2,083,167

 

1,022,306

 

568,458

 

Administrative fees

 

57,900

 

501,970

 

374,380

 

347,589

 

179,682

 

97,272

 

Total Expenses

 

417,996

 

4,095,034

 

2,950,175

 

2,430,756

 

1,201,988

 

665,730

 

Net Investment Income (Loss)

 

(417,996

)

(4,095,034

)

(2,950,175

)

(2,430,756

)

(1,201,988

)

(665,730

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

1,055,027

 

22,489,870

 

7,546,639

 

4,376,616

 

266,827

 

431,835

 

Capital gain distributions (1)

 

 

 

 

 

 

 

Realized Gain (Loss) on Investments

 

1,055,027

 

22,489,870

 

7,546,639

 

4,376,616

 

266,827

 

431,835

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

4,819,234

 

23,214,788

 

36,967,824

 

41,819,490

 

12,605,702

 

3,666,612

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

5,456,265

 

$

41,609,624

 

$

41,564,288

 

$

43,765,350

 

$

11,670,541

 

$

3,432,717

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small-Cap

 

Small-Cap

 

Value

 

Emerging

 

International

 

International

 

 

 

Index

 

Value

 

Advantage

 

Markets

 

Large-Cap

 

Small-Cap

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

 

$

 

$

 

$

 

$

 

$

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

2,341,285

 

1,518,627

 

267,035

 

2,207,600

 

2,782,020

 

511,124

 

Administrative fees

 

368,508

 

246,047

 

53,089

 

353,919

 

469,558

 

87,774

 

Total Expenses

 

2,709,793

 

1,764,674

 

320,124

 

2,561,519

 

3,251,578

 

598,898

 

Net Investment Income (Loss)

 

(2,709,793

)

(1,764,674

)

(320,124

)

(2,561,519

)

(3,251,578

)

(598,898

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(65,391

)

4,342,050

 

(10,484

)

1,384,399

 

7,245,934

 

1,197,593

 

Capital gain distributions (1)

 

 

 

 

 

 

 

Realized Gain (Loss) on Investments

 

(65,391

)

4,342,050

 

(10,484

)

1,384,399

 

7,245,934

 

1,197,593

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

25,742,600

 

6,170,863

 

3,553,675

 

52,517,177

 

56,338,843

 

10,655,558

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

22,967,416

 

$

8,748,239

 

$

3,223,067

 

$

51,340,057

 

$

60,333,199

 

$

11,254,253

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International

 

Health

 

Real

 

 

 

Currency

 

Diversified

 

 

 

Value

 

Sciences

 

Estate

 

Technology

 

Strategies

 

Alternatives

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

 

$

 

$

 

$

 

$

 

$

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

1,482,709

 

3,146,281

 

1,899,052

 

1,058,730

 

43,800

 

11,304

 

Administrative fees

 

223,195

 

513,999

 

300,371

 

170,398

 

7,687

 

2,766

 

Total Expenses

 

1,705,904

 

3,660,280

 

2,199,423

 

1,229,128

 

51,487

 

14,070

 

Net Investment Income (Loss)

 

(1,705,904

)

(3,660,280

)

(2,199,423

)

(1,229,128

)

(51,487

)

(14,070

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

4,361,519

 

11,144,399

 

10,135,321

 

(19,820

)

13,758

 

1,037

 

Capital gain distributions (1)

 

 

 

 

 

 

 

Realized Gain (Loss) on Investments

 

4,361,519

 

11,144,399

 

10,135,321

 

(19,820

)

13,758

 

1,037

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

19,489,476

 

42,305,550

 

(5,279,196

)

26,696,240

 

(134,085

)

74,437

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

22,145,091

 

$

49,789,669

 

$

2,656,702

 

$

25,447,292

 

$

(171,814

)

$

61,404

 

 


(1) See Note 3 in Notes to Financial Statements.

 

See Notes to Financial Statements

 

H-12



 

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS  (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

 

 

 

 

Pacific

 

Pacific

 

 

 

 

 

 

 

 

 

Global

 

Dynamix -

 

Dynamix -

 

Pacific

 

Portfolio

 

 

 

Equity

 

Absolute

 

Conservative

 

Moderate

 

Dynamix -

 

Optimization

 

 

 

Long/Short

 

Return

 

Growth

 

Growth

 

Growth

 

Conservative

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

 

$

 

$

 

$

 

$

 

$

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

147,764

 

121,067

 

5,159,988

 

21,513,765

 

6,988,608

 

22,571,223

 

Administrative fees

 

30,467

 

24,472

 

948,259

 

4,102,188

 

1,240,068

 

3,408,873

 

Total Expenses

 

178,231

 

145,539

 

6,108,247

 

25,615,953

 

8,228,676

 

25,980,096

 

Net Investment Income (Loss)

 

(178,231

)

(145,539

)

(6,108,247

)

(25,615,953

)

(8,228,676

)

(25,980,096

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

11,677

 

3,111

 

997,784

 

(84,359

)

374,785

 

64,032,488

 

Capital gain distributions (1)

 

 

 

 

 

 

 

Realized Gain (Loss) on Investments

 

11,677

 

3,111

 

997,784

 

(84,359

)

374,785

 

64,032,488

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

2,195,550

 

682,189

 

44,003,836

 

262,232,968

 

100,309,319

 

63,072,137

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

2,028,996

 

$

539,761

 

$

38,893,373

 

$

236,532,656

 

$

92,455,428

 

$

101,124,529

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio

 

 

 

 

 

Portfolio

 

 

 

Invesco V.I.

 

 

 

Optimization

 

Portfolio

 

Portfolio

 

Optimization

 

PSF DFA

 

Balanced-Risk

 

 

 

Moderate-

 

Optimization

 

Optimization

 

Aggressive-

 

Balanced

 

Allocation

 

 

 

Conservative

 

Moderate

 

Growth

 

Growth

 

Allocation

 

Series II

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

 

$

 

$

 

$

 

$

 

$

15,352,085

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

34,960,455

 

142,923,625

 

124,580,445

 

26,156,427

 

669,857

 

4,951,614

 

Administrative fees

 

5,297,058

 

21,460,805

 

18,222,619

 

3,857,767

 

139,835

 

841,814

 

Total Expenses

 

40,257,513

 

164,384,430

 

142,803,064

 

30,014,194

 

809,692

 

5,793,428

 

Net Investment Income (Loss)

 

(40,257,513

)

(164,384,430

)

(142,803,064

)

(30,014,194

)

(809,692

)

9,558,657

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

102,439,447

 

482,415,246

 

477,454,210

 

104,680,700

 

(14,138

)

(2,248,218

)

Capital gain distributions (1)

 

 

 

 

 

 

22,021,880

 

Realized Gain (Loss) on Investments

 

102,439,447

 

482,415,246

 

477,454,210

 

104,680,700

 

(14,138

)

19,773,662

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

184,904,355

 

919,205,399

 

959,763,716

 

231,682,023

 

7,663,835

 

2,902,417

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

247,086,289

 

$

1,237,236,215

 

$

1,294,414,862

 

$

306,348,529

 

$

6,840,005

 

$

32,234,736

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Invesco V.I.

 

Invesco V.I.

 

American

 

 

 

American Funds

 

 

 

 

 

Equity and

 

Global

 

Century

 

American Funds

 

IS Blue Chip

 

American Funds

 

 

 

Income

 

Real Estate

 

VP Mid Cap

 

IS Asset Allocation

 

Income and Growth

 

IS Bond

 

 

 

Series II

 

Series II

 

Value Class II

 

Class 4

 

Class 4

 

Class 4

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

547,442

 

$

160,688

 

$

1,059,300

 

$

37,279,357

 

$

1,322,321

 

$

531,406

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

381,558

 

53,057

 

844,613

 

30,795,755

 

687,931

 

188,785

 

Administrative fees

 

73,709

 

10,189

 

160,806

 

5,601,731

 

133,086

 

40,122

 

Total Expenses

 

455,267

 

63,246

 

1,005,419

 

36,397,486

 

821,017

 

228,907

 

Net Investment Income (Loss)

 

92,175

 

97,442

 

53,881

 

881,871

 

501,304

 

302,499

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(323,605

)

(34,464

)

(5,753

)

(832,327

)

(199,378

)

(116,571

)

Capital gain distributions (1)

 

683,749

 

87,552

 

1,515,045

 

124,272,666

 

2,424,697

 

284,383

 

Realized Gain (Loss) on Investments

 

360,144

 

53,088

 

1,509,292

 

123,440,339

 

2,225,319

 

167,812

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

2,990,909

 

351,469

 

5,644,395

 

235,684,740

 

6,524,661

 

(93,563

)

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

3,443,228

 

$

501,999

 

$

7,207,568

 

$

360,006,950

 

$

9,251,284

 

$

376,748

 

 


(1) See Note 3 in Notes to Financial Statements.

 

See Notes to Financial Statements

 

H-13



 

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS  (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

American Funds

 

 

 

 

 

American Funds

 

 

 

American Funds

 

 

 

IS Capital

 

American Funds

 

American Funds

 

IS Global Growth

 

American Funds

 

IS Global Small

 

 

 

Income Builder

 

IS Global Balanced

 

IS Global Bond

 

and Income

 

IS Global Growth

 

Capitalization

 

 

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

1,889,656

 

$

324,022

 

$

30,648

 

$

415,417

 

$

363,808

 

$

19,746

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

706,693

 

195,729

 

56,284

 

129,168

 

523,914

 

43,700

 

Administrative fees

 

142,855

 

39,965

 

11,938

 

27,768

 

112,612

 

9,195

 

Total Expenses

 

849,548

 

235,694

 

68,222

 

156,936

 

636,526

 

52,895

 

Net Investment Income (Loss)

 

1,040,108

 

88,328

 

(37,574

)

258,481

 

(272,718

)

(33,149

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(123,859

)

(2,509

)

(27,060

)

(2,914

)

(213,588

)

(31,146

)

Capital gain distributions (1)

 

 

1,046,598

 

33,193

 

220,508

 

1,562,457

 

 

Realized Gain (Loss) on Investments

 

(123,859

)

1,044,089

 

6,133

 

217,594

 

1,348,869

 

(31,146

)

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

6,827,127

 

1,862,873

 

294,962

 

2,262,351

 

12,093,786

 

1,118,972

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

7,743,376

 

$

2,995,290

 

$

263,521

 

$

2,738,426

 

$

13,169,937

 

$

1,054,677

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds

 

 

 

American Funds

 

American Funds

 

 

 

American Funds

 

American Funds

 

IS High-Income

 

American Funds

 

IS International

 

IS Managed Risk

 

 

 

IS Growth

 

IS Growth-Income

 

Bond

 

IS International

 

Growth and Income

 

Asset Allocation

 

 

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

Class 4

 

Class P2

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

1,381,258

 

$

3,992,899

 

$

1,077,562

 

$

601,760

 

$

828,194

 

$

723,665

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

3,439,162

 

3,412,001

 

150,224

 

360,647

 

348,604

 

1,102,402

 

Administrative fees

 

620,453

 

602,412

 

32,018

 

78,580

 

75,884

 

210,811

 

Total Expenses

 

4,059,615

 

4,014,413

 

182,242

 

439,227

 

424,488

 

1,313,213

 

Net Investment Income (Loss)

 

(2,678,357

)

(21,514

)

895,320

 

162,533

 

403,706

 

(589,548

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(288,539

)

(66,751

)

(33,044

)

(437,373

)

(254,109

)

9,052

 

Capital gain distributions (1)

 

29,124,830

 

19,603,960

 

 

401,025

 

 

890,108

 

Realized Gain (Loss) on Investments

 

28,836,291

 

19,537,209

 

(33,044

)

(36,348

)

(254,109

)

899,160

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

43,842,093

 

37,468,494

 

(156,972

)

9,191,036

 

7,288,152

 

11,351,281

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

70,000,027

 

$

56,984,189

 

$

705,304

 

$

9,317,221

 

$

7,437,749

 

$

11,660,893

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds IS

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government/

 

BlackRock

 

BlackRock

 

BlackRock

 

BlackRock

 

 

 

American Funds IS

 

AAA-Rated

 

Capital

 

Global

 

iShares Alternative

 

iShares Dynamic

 

 

 

New World Fund

 

Securities

 

Appreciation

 

Allocation

 

Strategies

 

Allocation

 

 

 

Class 4

 

Class 4

 

V.I. Class III

 

V.I. Class III

 

V.I. Class I

 

V.I. Class I

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

302,027

 

$

449,452

 

$

 

$

24,764,489

 

$

324,673

 

$

402,064

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

332,812

 

410,022

 

251,139

 

22,979,769

 

127,931

 

213,678

 

Administrative fees

 

69,892

 

88,019

 

55,379

 

3,893,964

 

25,954

 

42,043

 

Total Expenses

 

402,704

 

498,041

 

306,518

 

26,873,733

 

153,885

 

255,721

 

Net Investment Income (Loss)

 

(100,677

)

(48,589

)

(306,518

)

(2,109,244

)

170,788

 

146,343

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(264,279

)

(503,515

)

681,754

 

4,466,388

 

(4,776

)

(9,015

)

Capital gain distributions (1)

 

 

 

4,111,472

 

22,806,415

 

 

 

Realized Gain (Loss) on Investments

 

(264,279

)

(503,515

)

4,793,226

 

27,272,803

 

(4,776

)

(9,015

)

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

8,184,601

 

593,069

 

5,677,653

 

201,701,279

 

1,065,621

 

2,299,702

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

7,819,645

 

$

40,965

 

$

10,164,361

 

$

226,864,838

 

$

1,231,633

 

$

2,437,030

 

 


(1) See Note 3 in Notes to Financial Statements.

 

See Notes to Financial Statements

 

H-14



 

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS  (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

BlackRock

 

BlackRock

 

 

 

 

 

Fidelity VIP

 

 

 

 

 

iShares Dynamic

 

iShares Equity

 

Fidelity VIP

 

Fidelity VIP

 

Government

 

Fidelity VIP

 

 

 

Fixed Income

 

Appreciation

 

Contrafund

 

FundsManager 60%

 

Money Market

 

Strategic Income

 

 

 

V.I. Class I

 

V.I. Class I

 

Service Class 2

 

Service Class 2

 

Service Class

 

Service Class 2

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

289,595

 

$

229,521

 

$

1,283,440

 

$

2,272,948

 

$

1,440,999

 

$

1,522,677

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

147,240

 

131,124

 

1,665,202

 

2,464,159

 

3,111,782

 

454,071

 

Administrative fees

 

29,447

 

24,611

 

332,996

 

461,135

 

497,445

 

98,251

 

Total Expenses

 

176,687

 

155,735

 

1,998,198

 

2,925,294

 

3,609,227

 

552,322

 

Net Investment Income (Loss)

 

112,908

 

73,786

 

(714,758

)

(652,346

)

(2,168,228

)

970,355

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(40,942

)

5,049

 

(355,707

)

(340,710

)

 

(72,741

)

Capital gain distributions (1)

 

 

 

8,209,112

 

4,709,732

 

 

263,287

 

Realized Gain (Loss) on Investments

 

(40,942

)

5,049

 

7,853,405

 

4,369,022

 

 

190,546

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

249,241

 

2,035,678

 

20,892,045

 

27,430,597

 

 

1,421,587

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

321,207

 

$

2,114,513

 

$

28,030,692

 

$

31,147,273

 

$

(2,168,228

)

$

2,582,488

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Trust

 

First Trust/Dow

 

First Trust

 

Franklin

 

Franklin

 

 

 

 

 

Dorsey Wright

 

Jones Dividend &

 

Multi Income

 

Founding Funds

 

Founding Funds

 

Franklin

 

 

 

Tactical Core

 

Income Allocation

 

Allocation

 

Allocation

 

Allocation

 

Income

 

 

 

Class I

 

Class I

 

Class I

 

VIP Class 2

 

VIP Class 4

 

VIP Class 2

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

68,813

 

$

6,733,266

 

$

242,160

 

$

547,013

 

$

8,765,600

 

$

1,298,727

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

116,759

 

6,024,053

 

101,754

 

139,995

 

4,279,350

 

322,570

 

Administrative fees

 

23,506

 

1,063,069

 

22,056

 

30,634

 

680,716

 

67,247

 

Total Expenses

 

140,265

 

7,087,122

 

123,810

 

170,629

 

4,960,066

 

389,817

 

Net Investment Income (Loss)

 

(71,452

)

(353,856

)

118,350

 

376,384

 

3,805,534

 

908,910

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

15,940

 

91,417

 

25,439

 

(90,420

)

1,478,462

 

(48,126

)

Capital gain distributions (1)

 

139,167

 

25,481,888

 

 

843,232

 

14,057,610

 

 

Realized Gain (Loss) on Investments

 

155,107

 

25,573,305

 

25,439

 

752,812

 

15,536,072

 

(48,126

)

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

1,566,883

 

33,048,731

 

286,903

 

991,893

 

14,033,995

 

1,541,680

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

1,650,538

 

$

58,268,180

 

$

430,692

 

$

2,121,089

 

$

33,375,601

 

$

2,402,464

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Franklin

 

Franklin

 

 

 

 

 

 

 

Janus

 

 

 

Mutual Global

 

Rising

 

Templeton

 

Ivy

 

 

 

Henderson

 

 

 

Discovery

 

Dividends

 

Global Bond

 

VIP Asset

 

Ivy

 

Balanced

 

 

 

VIP Class 2

 

VIP Class 2

 

VIP Class 2

 

Strategy

 

VIP Energy

 

Service Shares

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

3,815,068

 

$

2,296,241

 

$

 

$

238,778

 

$

153,226

 

$

22,159,280

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

1,816,281

 

1,582,235

 

921,395

 

162,804

 

243,377

 

17,051,928

 

Administrative fees

 

373,829

 

314,090

 

190,521

 

34,128

 

39,371

 

3,325,885

 

Total Expenses

 

2,190,110

 

1,896,325

 

1,111,916

 

196,932

 

282,748

 

20,377,813

 

Net Investment Income (Loss)

 

1,624,958

 

399,916

 

(1,111,916

)

41,846

 

(129,522

)

1,781,467

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(3,297,094

)

(890,029

)

(1,406,278

)

(1,021,251

)

(1,159,442

)

(815,476

)

Capital gain distributions (1)

 

12,147,358

 

5,469,410

 

284,852

 

 

 

3,015,219

 

Realized Gain (Loss) on Investments

 

8,850,264

 

4,579,381

 

(1,121,426

)

(1,021,251

)

(1,159,442

)

2,199,743

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

4,821,369

 

21,555,354

 

2,653,115

 

3,380,097

 

(2,259,476

)

230,339,997

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

15,296,591

 

$

26,534,651

 

$

419,773

 

$

2,400,692

 

$

(3,548,440

)

$

234,321,207

 

 


(1) See Note 3 in Notes to Financial Statements.

 

See Notes to Financial Statements

 

H-15



 

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS  (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

Janus

 

JPMorgan

 

JPMorgan

 

JPMorgan

 

JPMorgan

 

JPMorgan

 

 

 

Henderson

 

Insurance Trust

 

Insurance Trust

 

Insurance Trust

 

Insurance Trust

 

Insurance Trust

 

 

 

Flexible Bond

 

Core Bond

 

Global Allocation

 

Income Builder

 

Mid Cap Value

 

U.S. Equity

 

 

 

Service Shares

 

Class 1

 

Class 2

 

Class 2

 

Class 1

 

Class 1

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

698,039

 

$

9,870

 

$

95,265

 

$

281,774

 

$

750

 

$

533

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

301,807

 

4,904

 

56,943

 

85,930

 

1,223

 

756

 

Administrative fees

 

61,237

 

587

 

11,780

 

16,206

 

142

 

91

 

Total Expenses

 

363,044

 

5,491

 

68,723

 

102,136

 

1,365

 

847

 

Net Investment Income (Loss)

 

334,995

 

4,379

 

26,542

 

179,638

 

(615

)

(314

)

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(89,696

)

1,380

 

(987

)

15,400

 

585

 

102

 

Capital gain distributions (1)

 

 

 

314,458

 

69,183

 

4,179

 

599

 

Realized Gain (Loss) on Investments

 

(89,696

)

1,380

 

313,471

 

84,583

 

4,764

 

701

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

281,460

 

2,751

 

470,830

 

495,689

 

6,704

 

11,005

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

526,759

 

$

8,510

 

$

810,843

 

$

759,910

 

$

10,853

 

$

11,392

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ClearBridge

 

Lord Abbett

 

Lord Abbett

 

 

 

MFS

 

MFS

 

 

 

Variable

 

Bond

 

International

 

Lord Abbett

 

Total Return

 

Utilities

 

 

 

Aggressive Growth

 

Debenture

 

Equity

 

Total Return

 

Series -

 

Series -

 

 

 

- Class II

 

Class VC

 

Class VC

 

Class VC

 

Service Class

 

Service Class

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

16,412

 

$

3,623,441

 

$

1,187,074

 

$

7,006,458

 

$

9,015,706

 

$

1,663,592

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

55,561

 

821,707

 

435,721

 

2,015,516

 

4,525,007

 

432,949

 

Administrative fees

 

11,469

 

159,584

 

96,971

 

454,584

 

837,969

 

84,555

 

Total Expenses

 

67,030

 

981,291

 

532,692

 

2,470,100

 

5,362,976

 

517,504

 

Net Investment Income (Loss)

 

(50,618

)

2,642,150

 

654,382

 

4,536,358

 

3,652,730

 

1,146,088

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(31,720

)

(101,877

)

(790,643

)

(338,801

)

(109,498

)

(139,815

)

Capital gain distributions (1)

 

400,617

 

853,615

 

 

 

11,573,138

 

 

Realized Gain (Loss) on Investments

 

368,897

 

751,738

 

(790,643

)

(338,801

)

11,463,640

 

(139,815

)

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

321,021

 

2,464,201

 

13,860,975

 

4,284,417

 

26,068,951

 

3,716,496

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

639,300

 

$

5,858,089

 

$

13,724,714

 

$

8,481,974

 

$

41,185,321

 

$

4,722,769

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MFS

 

 

 

 

 

 

 

 

 

 

 

MFS

 

Massachusetts

 

Neuberger Berman

 

 

 

Oppenheimer

 

PIMCO

 

 

 

Value

 

Investors

 

U.S. Equity Index

 

Oppenheimer

 

International

 

All Asset All

 

 

 

Series -

 

Growth Stock -

 

PutWrite Strategy

 

Global Fund/VA

 

Growth Fund/VA

 

Authority -

 

 

 

Service Class

 

Service Class

 

Class S

 

Service Shares

 

Service Shares

 

Advisor Class

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

1,369,546

 

$

306,553

 

$

 

$

62,603

 

$

78,059

 

$

217,523

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

533,740

 

475,962

 

5,813

 

96,344

 

70,709

 

50,075

 

Administrative fees

 

118,006

 

110,663

 

1,049

 

18,940

 

14,240

 

9,897

 

Total Expenses

 

651,746

 

586,625

 

6,862

 

115,284

 

84,949

 

59,972

 

Net Investment Income (Loss)

 

717,800

 

(280,072

)

(6,862

)

(52,681

)

(6,890

)

157,551

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

82,786

 

(322,263

)

147

 

(10,479

)

(18,035

)

47,050

 

Capital gain distributions (1)

 

3,172,271

 

3,830,338

 

 

 

 

 

Realized Gain (Loss) on Investments

 

3,255,057

 

3,508,075

 

147

 

(10,479

)

(18,035

)

47,050

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

8,011,290

 

14,431,363

 

33,496

 

2,339,866

 

1,371,925

 

222,363

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

11,984,147

 

$

17,659,366

 

$

26,781

 

$

2,276,706

 

$

1,347,000

 

$

426,964

 

 


(1) See Note 3 in Notes to Financial Statements.

 

See Notes to Financial Statements

 

H-16



 

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS  (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2017

 

 

 

Variable Accounts

 

 

 

PIMCO

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity-

 

 

 

 

 

SP Prudential

 

 

 

 

 

 

 

RealReturn

 

 

 

SP International

 

U.S. Emerging

 

 

 

 

 

 

 

Strategy -

 

Jennison

 

Growth

 

Growth

 

Value

 

Schwab

 

 

 

Advisor Class

 

Class II

 

Class II

 

Class II

 

Class II

 

VIT Balanced

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

773,028

 

$

 

$

 

$

 

$

 

$

652,219

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

80,181

 

5,255

 

2,838

 

5,270

 

1,752

 

195,183

 

Administrative fees

 

14,972

 

510

 

274

 

501

 

188

 

136,914

 

Total Expenses

 

95,153

 

5,765

 

3,112

 

5,771

 

1,940

 

332,097

 

Net Investment Income (Loss)

 

677,875

 

(5,765

)

(3,112

)

(5,771

)

(1,940

)

320,122

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

(389,596

)

229,102

 

99,371

 

174,629

 

15,402

 

70,880

 

Capital gain distributions (1)

 

 

 

 

 

 

389,027

 

Realized Gain (Loss) on Investments

 

(389,596

)

229,102

 

99,371

 

174,629

 

15,402

 

459,907

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

(269,849

)

(120,462

)

(39,618

)

(108,341

)

4,574

 

4,116,922

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

18,430

 

$

102,875

 

$

56,641

 

$

60,517

 

$

18,036

 

$

4,896,951

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schwab

 

 

 

State Street

 

VanEck VIP

 

 

 

 

 

 

 

VIT Balanced

 

Schwab

 

Total Return

 

Global Hard Assets

 

 

 

 

 

 

 

with Growth

 

VIT Growth

 

V.I.S. Class 3

 

Class S

 

 

 

 

 

INVESTMENT INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends (1)

 

$

1,779,122

 

$

1,834,614

 

$

8,131,552

 

$

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortality and expense risk

 

482,095

 

486,105

 

5,143,715

 

178,746

 

 

 

 

 

Administrative fees

 

321,518

 

339,864

 

852,328

 

36,187

 

 

 

 

 

Total Expenses

 

803,613

 

825,969

 

5,996,043

 

214,933

 

 

 

 

 

Net Investment Income (Loss)

 

975,509

 

1,008,645

 

2,135,509

 

(214,933

)

 

 

 

 

REALIZED GAIN (LOSS) ON INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gain (loss) on sale of investments

 

115,711

 

321,424

 

3,533,360

 

220,594

 

 

 

 

 

Capital gain distributions (1)

 

742,276

 

387,138

 

12,563,135

 

 

 

 

 

 

Realized Gain (Loss) on Investments

 

857,987

 

708,562

 

16,096,495

 

220,594

 

 

 

 

 

CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS

 

13,870,266

 

18,936,361

 

42,486,086

 

(643,675

)

 

 

 

 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

 

$

15,703,762

 

$

20,653,568

 

$

60,718,090

 

$

(638,014

)

 

 

 

 

 


(1) See Note 3 in Notes to Financial Statements.

 

See Notes to Financial Statements

 

H-17



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Core Income

 

Diversified Bond

 

Floating Rate Income

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(86,156

)

$

(51,677

)

$

(1,837,312

)

$

(1,797,310

)

$

(594,421

)

$

(538,529

)

Realized gain (loss) on investments

 

(3,477

)

(5,509

)

39,317

 

26,049

 

46,993

 

(75,246

)

Change in net unrealized appreciation (depreciation) on investments

 

345,447

 

173,706

 

9,027,412

 

6,189,372

 

1,579,307

 

3,194,508

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

255,814

 

116,520

 

7,229,417

 

4,418,111

 

1,031,879

 

2,580,733

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

2,570,451

 

2,011,474

 

15,960,903

 

12,508,559

 

8,084,157

 

4,843,011

 

Transfers between variable and fixed accounts, net

 

2,239,509

 

1,774,149

 

6,623,541

 

10,858,435

 

(46,219

)

(1,502,928

)

Contract benefits and terminations

 

(990,373

)

(465,173

)

(14,728,530

)

(12,407,355

)

(5,749,116

)

(4,807,510

)

Contract charges and deductions

 

(1,307

)

(2,104

)

(274,246

)

(296,933

)

(17,565

)

(17,410

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

260

 

68

 

 

 

Other

 

137

 

(203

)

960

 

(637

)

(190

)

(5,661

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

3,818,417

 

3,318,143

 

7,582,888

 

10,662,137

 

2,271,067

 

(1,490,498

)

NET INCREASE (DECREASE) IN NET ASSETS

 

4,074,231

 

3,434,663

 

14,812,305

 

15,080,248

 

3,302,946

 

1,090,235

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

5,386,512

 

1,951,849

 

131,681,727

 

116,601,479

 

42,106,982

 

41,016,747

 

End of Year

 

$

9,460,743

 

$

5,386,512

 

$

146,494,032

 

$

131,681,727

 

$

45,409,928

 

$

42,106,982

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Floating Rate Loan

 

High Yield Bond

 

Inflation Managed

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(1,756,263

)

$

(1,515,259

)

$

(2,735,002

)

$

(2,661,560

)

$

(3,079,839

)

$

(3,429,041

)

Realized gain (loss) on investments

 

223,034

 

166,809

 

5,348,427

 

3,510,558

 

368,282

 

(565,864

)

Change in net unrealized appreciation (depreciation) on investments

 

4,614,713

 

9,509,587

 

8,946,095

 

23,107,358

 

7,276,488

 

12,458,828

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

3,081,484

 

8,161,137

 

11,559,520

 

23,956,356

 

4,564,931

 

8,463,923

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

8,157,173

 

4,229,920

 

10,616,178

 

6,982,804

 

7,224,852

 

4,395,813

 

Transfers between variable and fixed accounts, net

 

16,971,633

 

13,763,028

 

(5,346,875

)

16,034,693

 

8,042,905

 

(1,689,882

)

Contract benefits and terminations

 

(23,973,621

)

(12,037,187

)

(25,102,710

)

(20,710,221

)

(32,306,587

)

(31,049,636

)

Contract charges and deductions

 

(230,969

)

(216,777

)

(429,179

)

(443,688

)

(339,134

)

(394,325

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

114

 

(710

)

(1,794

)

(1,591

)

7,849

 

3,548

 

Other

 

(2,613

)

(6,824

)

30,586

 

(5,689

)

3,541

 

(3,284

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

921,717

 

5,731,450

 

(20,233,794

)

1,856,308

 

(17,366,574

)

(28,737,766

)

NET INCREASE (DECREASE) IN NET ASSETS

 

4,003,201

 

13,892,587

 

(8,674,274

)

25,812,664

 

(12,801,643

)

(20,273,843

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

118,540,100

 

104,647,513

 

193,712,176

 

167,899,512

 

216,884,736

 

237,158,579

 

End of Year

 

$

122,543,301

 

$

118,540,100

 

$

185,037,902

 

$

193,712,176

 

$

204,083,093

 

$

216,884,736

 

 

See Notes to Financial Statements

 

H-18



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Inflation Strategy

 

Managed Bond

 

Short Duration Bond

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(196,991

)

$

(225,778

)

$

(5,774,471

)

$

(6,373,382

)

$

(3,262,935

)

$

(3,316,083

)

Realized gain (loss) on investments

 

(11,483

)

(139,475

)

5,462,832

 

7,998,473

 

71,579

 

37,343

 

Change in net unrealized appreciation (depreciation) on investments

 

455,492

 

479,159

 

13,463,307

 

5,152,527

 

3,761,955

 

5,129,931

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

247,018

 

113,906

 

13,151,668

 

6,777,618

 

570,599

 

1,851,191

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

1,356,210

 

541,225

 

24,389,274

 

15,762,882

 

14,935,569

 

14,096,211

 

Transfers between variable and fixed accounts, net

 

904,870

 

(1,514,878

)

12,842,022

 

(1,231,021

)

38,511,741

 

23,669,631

 

Contract benefits and terminations

 

(1,758,894

)

(1,645,715

)

(63,194,963

)

(60,894,561

)

(39,793,592

)

(39,861,577

)

Contract charges and deductions

 

(41,264

)

(59,163

)

(638,526

)

(716,461

)

(1,802,730

)

(1,841,080

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

(20,290

)

(3,884

)

1,331

 

(3,291

)

Other

 

(40

)

(473

)

(31,549

)

(53,976

)

1,744

 

(4,584

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

460,882

 

(2,679,004

)

(26,654,032

)

(47,137,021

)

11,854,063

 

(3,944,690

)

NET INCREASE (DECREASE) IN NET ASSETS

 

707,900

 

(2,565,098

)

(13,502,364

)

(40,359,403

)

12,424,662

 

(2,093,499

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

14,002,168

 

16,567,266

 

416,030,223

 

456,389,626

 

307,361,924

 

309,455,423

 

End of Year

 

$

14,710,068

 

$

14,002,168

 

$

402,527,859

 

$

416,030,223

 

$

319,786,586

 

$

307,361,924

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emerging Markets Debt

 

Comstock

 

Developing Growth

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(250,460

)

$

(190,907

)

$

(2,182,760

)

$

(2,005,159

)

$

(1,099,696

)

$

(1,083,419

)

Realized gain (loss) on investments

 

7,988

 

(206,699

)

6,166,423

 

1,627,371

 

3,233,508

 

(392,011

)

Change in net unrealized appreciation (depreciation) on investments

 

2,142,046

 

2,122,172

 

26,827,699

 

28,648,596

 

20,716,927

 

(1,687,053

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

1,899,574

 

1,724,566

 

30,811,362

 

28,270,808

 

22,850,739

 

(3,162,483

)

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

2,334,541

 

1,161,699

 

8,045,503

 

4,824,303

 

2,581,284

 

2,951,925

 

Transfers between variable and fixed accounts, net

 

6,014,119

 

2,015,694

 

(7,343,943

)

(6,238,431

)

(3,659,691

)

(4,133,469

)

Contract benefits and terminations

 

(1,738,091

)

(1,281,488

)

(17,542,635

)

(14,426,436

)

(8,965,890

)

(7,202,153

)

Contract charges and deductions

 

(35,360

)

(31,707

)

(1,021,196

)

(1,006,925

)

(390,499

)

(379,963

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

(5,405

)

(2,524

)

(10,952

)

496

 

Other

 

(637

)

(22

)

261

 

1,963

 

1,791

 

1,013

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

6,574,572

 

1,864,176

 

(17,867,415

)

(16,848,050

)

(10,443,957

)

(8,762,151

)

NET INCREASE (DECREASE) IN NET ASSETS

 

8,474,146

 

3,588,742

 

12,943,947

 

11,422,758

 

12,406,782

 

(11,924,634

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

14,351,136

 

10,762,394

 

196,799,642

 

185,376,884

 

84,377,998

 

96,302,632

 

End of Year

 

$

22,825,282

 

$

14,351,136

 

$

209,743,589

 

$

196,799,642

 

$

96,784,780

 

$

84,377,998

 

 

See Notes to Financial Statements

 

H-19



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Dividend Growth

 

Equity Index

 

Focused Growth

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(3,521,727

)

$

(3,095,695

)

$

(8,774,228

)

$

(6,776,093

)

$

(1,670,691

)

$

(1,511,392

)

Realized gain (loss) on investments

 

2,725,467

 

(43,784

)

(187,424

)

(874,705

)

579,034

 

(115,147

)

Change in net unrealized appreciation (depreciation) on investments

 

46,410,534

 

26,827,495

 

130,405,208

 

57,898,746

 

28,867,859

 

2,248,713

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

45,614,274

 

23,688,016

 

121,443,556

 

50,247,948

 

27,776,202

 

622,174

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

15,936,456

 

15,090,294

 

111,859,110

 

70,860,649

 

6,400,095

 

5,921,256

 

Transfers between variable and fixed accounts, net

 

(795,240

)

18,966,162

 

26,568,849

 

18,303,186

 

8,688,199

 

(10,779,961

)

Contract benefits and terminations

 

(26,304,782

)

(22,356,211

)

(51,789,917

)

(45,383,375

)

(13,539,539

)

(10,602,116

)

Contract charges and deductions

 

(860,219

)

(833,011

)

(454,300

)

(406,517

)

(168,831

)

(159,887

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(8,672

)

(1,426

)

(10,740

)

(2,365

)

(2,839

)

143

 

Other

 

1,139

 

(5,021

)

(2,963

)

(3,593

)

(1,881

)

2,552

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

(12,031,318

)

10,860,787

 

86,170,039

 

43,367,985

 

1,375,204

 

(15,618,013

)

NET INCREASE (DECREASE) IN NET ASSETS

 

33,582,956

 

34,548,803

 

207,613,595

 

93,615,933

 

29,151,406

 

(14,995,839

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

265,325,367

 

230,776,564

 

566,929,068

 

473,313,135

 

100,426,734

 

115,422,573

 

End of Year

 

$

298,908,323

 

$

265,325,367

 

$

774,542,663

 

$

566,929,068

 

$

129,578,140

 

$

100,426,734

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Growth

 

Large-Cap Growth

 

Large-Cap Value

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(3,104,179

)

$

(2,843,612

)

$

(1,958,380

)

$

(1,752,620

)

$

(2,993,365

)

$

(2,877,768

)

Realized gain (loss) on investments

 

4,850,612

 

6,216,181

 

877,649

 

5,394,327

 

12,298,148

 

10,810,579

 

Change in net unrealized appreciation (depreciation) on investments

 

54,745,187

 

(2,334,459

)

37,665,511

 

(5,944,212

)

15,231,511

 

13,526,434

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

56,491,620

 

1,038,110

 

36,584,780

 

(2,302,505

)

24,536,294

 

21,459,245

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

13,253,278

 

8,386,906

 

11,017,992

 

6,078,469

 

8,353,036

 

6,711,640

 

Transfers between variable and fixed accounts, net

 

4,029,960

 

(9,580,009

)

9,469,259

 

(20,657,694

)

484,079

 

(3,215,423

)

Contract benefits and terminations

 

(24,432,906

)

(19,651,359

)

(14,859,280

)

(12,374,299

)

(26,158,868

)

(21,017,580

)

Contract charges and deductions

 

(219,219

)

(195,168

)

(176,972

)

(189,856

)

(245,263

)

(251,210

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(12,317

)

891

 

(19,063

)

(1,921

)

(1,839

)

(2,881

)

Other

 

(4,971

)

(7,425

)

(925

)

(3,450

)

429

 

(3,652

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

(7,386,175

)

(21,046,164

)

5,431,011

 

(27,148,751

)

(17,568,426

)

(17,779,106

)

NET INCREASE (DECREASE) IN NET ASSETS

 

49,105,445

 

(20,008,054

)

42,015,791

 

(29,451,256

)

6,967,868

 

3,680,139

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

192,689,145

 

212,697,199

 

112,315,118

 

141,766,374

 

207,532,086

 

203,851,947

 

End of Year

 

$

241,794,590

 

$

192,689,145

 

$

154,330,909

 

$

112,315,118

 

$

214,499,954

 

$

207,532,086

 

 

See Notes to Financial Statements

 

H-20



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Long/Short Large-Cap

 

Main Street Core

 

Mid-Cap Equity

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(417,996

)

$

(409,672

)

$

(4,095,034

)

$

(3,836,318

)

$

(2,950,175

)

$

(2,657,690

)

Realized gain (loss) on investments

 

1,055,027

 

1,390,115

 

22,489,870

 

12,052,468

 

7,546,639

 

9,990,144

 

Change in net unrealized appreciation (depreciation) on investments

 

4,819,234

 

949,151

 

23,214,788

 

18,254,804

 

36,967,824

 

20,588,568

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

5,456,265

 

1,929,594

 

41,609,624

 

26,470,954

 

41,564,288

 

27,921,022

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

1,575,763

 

690,917

 

8,717,510

 

7,155,427

 

11,571,719

 

6,261,549

 

Transfers between variable and fixed accounts, net

 

(92,399

)

(4,671,290

)

(6,842,613

)

3,340,207

 

1,673,483

 

(8,558,671

)

Contract benefits and terminations

 

(3,255,669

)

(2,402,236

)

(34,069,531

)

(29,696,174

)

(24,493,834

)

(18,688,215

)

Contract charges and deductions

 

(62,977

)

(72,755

)

(487,216

)

(466,351

)

(247,426

)

(244,601

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

(63,113

)

459

 

(15,372

)

(2,718

)

Other

 

462

 

(442

)

(237

)

(27,324

)

11,188

 

(1,143

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

(1,834,820

)

(6,455,806

)

(32,745,200

)

(19,693,756

)

(11,500,242

)

(21,233,799

)

NET INCREASE (DECREASE) IN NET ASSETS

 

3,621,445

 

(4,526,212

)

8,864,424

 

6,777,198

 

30,064,046

 

6,687,223

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

27,808,078

 

32,334,290

 

280,082,160

 

273,304,962

 

191,476,971

 

184,789,748

 

End of Year

 

$

31,429,523

 

$

27,808,078

 

$

288,946,584

 

$

280,082,160

 

$

221,541,017

 

$

191,476,971

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid-Cap Growth

 

Mid-Cap Value

 

Small-Cap Equity

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(2,430,756

)

$

(2,238,719

)

$

(1,201,988

)

$

(1,053,273

)

$

(665,730

)

$

(554,851

)

Realized gain (loss) on investments

 

4,376,616

 

914,745

 

266,827

 

431,184

 

431,835

 

136,773

 

Change in net unrealized appreciation (depreciation) on investments

 

41,819,490

 

9,699,539

 

12,605,702

 

10,767,478

 

3,666,612

 

10,897,283

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

43,765,350

 

8,375,565

 

11,670,541

 

10,145,389

 

3,432,717

 

10,479,205

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

10,117,833

 

6,402,293

 

9,405,169

 

4,990,308

 

5,588,414

 

2,817,504

 

Transfers between variable and fixed accounts, net

 

(398,136

)

(6,143,378

)

(235,696

)

2,979,450

 

(5,046,238

)

9,545,572

 

Contract benefits and terminations

 

(17,596,845

)

(13,763,017

)

(9,341,957

)

(7,030,908

)

(5,378,766

)

(4,116,051

)

Contract charges and deductions

 

(602,951

)

(583,569

)

(162,567

)

(187,285

)

(89,012

)

(98,453

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(9,660

)

(495

)

(680

)

62

 

(13

)

33

 

Other

 

4,070

 

(1,894

)

470

 

193

 

639

 

291

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

(8,485,689

)

(14,090,060

)

(335,261

)

751,820

 

(4,924,976

)

8,148,896

 

NET INCREASE (DECREASE) IN NET ASSETS

 

35,279,661

 

(5,714,495

)

11,335,280

 

10,897,209

 

(1,492,259

)

18,628,101

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

173,111,392

 

178,825,887

 

84,417,787

 

73,520,578

 

52,954,215

 

34,326,114

 

End of Year

 

$

208,391,053

 

$

173,111,392

 

$

95,753,067

 

$

84,417,787

 

$

51,461,956

 

$

52,954,215

 

 

See Notes to Financial Statements

 

H-21



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Small-Cap Index

 

Small-Cap Value

 

Value Advantage

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(2,709,793

)

$

(2,284,729

)

$

(1,764,674

)

$

(1,537,259

)

$

(320,124

)

$

(197,764

)

Realized gain (loss) on investments

 

(65,391

)

5,986,897

 

4,342,050

 

2,094,838

 

(10,484

)

(66,121

)

Change in net unrealized appreciation (depreciation) on investments

 

25,742,600

 

25,013,610

 

6,170,863

 

27,361,727

 

3,553,675

 

2,709,802

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

22,967,416

 

28,715,778

 

8,748,239

 

27,919,306

 

3,223,067

 

2,445,917

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

19,500,323

 

8,548,777

 

8,876,110

 

6,045,214

 

5,171,255

 

2,019,159

 

Transfers between variable and fixed accounts, net

 

9,991,629

 

(810,382

)

(5,612,578

)

6,345,607

 

(560,983

)

7,034,871

 

Contract benefits and terminations

 

(22,404,734

)

(15,200,668

)

(14,019,564

)

(9,636,946

)

(2,151,122

)

(586,450

)

Contract charges and deductions

 

(209,392

)

(210,255

)

(224,617

)

(241,117

)

(25,665

)

(16,615

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(5,622

)

(85

)

(4,279

)

(980

)

 

 

Other

 

(4,048

)

(10,346

)

6,041

 

(9

)

(226

)

(377

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

6,868,156

 

(7,682,959

)

(10,978,887

)

2,511,769

 

2,433,259

 

8,450,588

 

NET INCREASE (DECREASE) IN NET ASSETS

 

29,835,572

 

21,032,819

 

(2,230,648

)

30,431,075

 

5,656,326

 

10,896,505

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

181,325,886

 

160,293,067

 

131,490,936

 

101,059,861

 

24,600,438

 

13,703,933

 

End of Year

 

$

211,161,458

 

$

181,325,886

 

$

129,260,288

 

$

131,490,936

 

$

30,256,764

 

$

24,600,438

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emerging Markets

 

International Large-Cap

 

International Small-Cap

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(2,561,519

)

$

(2,259,332

)

$

(3,251,578

)

$

(3,064,788

)

$

(598,898

)

$

(586,645

)

Realized gain (loss) on investments

 

1,384,399

 

7,954,840

 

7,245,934

 

(677,682

)

1,197,593

 

570,415

 

Change in net unrealized appreciation (depreciation) on investments

 

52,517,177

 

2,391,526

 

56,338,843

 

447,385

 

10,655,558

 

645,315

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

51,340,057

 

8,087,034

 

60,333,199

 

(3,295,085

)

11,254,253

 

629,085

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

12,337,184

 

5,518,589

 

10,018,511

 

5,793,176

 

2,790,869

 

1,590,480

 

Transfers between variable and fixed accounts, net

 

11,937,593

 

(3,068,230

)

(10,161,014

)

2,844,791

 

120,288

 

(5,996,654

)

Contract benefits and terminations

 

(21,506,382

)

(14,906,291

)

(26,512,094

)

(20,709,444

)

(4,593,446

)

(3,483,544

)

Contract charges and deductions

 

(421,665

)

(419,756

)

(1,164,077

)

(1,130,505

)

(141,090

)

(143,742

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(12,777

)

(1,136

)

(11,699

)

(3,964

)

(1,645

)

147

 

Other

 

2,094

 

(2,285

)

4,700

 

(12,420

)

1,489

 

(578

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

2,336,047

 

(12,879,109

)

(27,825,673

)

(13,218,366

)

(1,823,535

)

(8,033,891

)

NET INCREASE (DECREASE) IN NET ASSETS

 

53,676,104

 

(4,792,075

)

32,507,526

 

(16,513,451

)

9,430,718

 

(7,404,806

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

157,344,732

 

162,136,807

 

242,468,735

 

258,982,186

 

38,784,671

 

46,189,477

 

End of Year

 

$

211,020,836

 

$

157,344,732

 

$

274,976,261

 

$

242,468,735

 

$

48,215,389

 

$

38,784,671

 

 

See Notes to Financial Statements

 

H-22



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

International Value

 

Health Sciences

 

Real Estate

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(1,705,904

)

$

(1,647,067

)

$

(3,660,280

)

$

(3,669,957

)

$

(2,199,423

)

$

(2,469,769

)

Realized gain (loss) on investments

 

4,361,519

 

2,247,125

 

11,144,399

 

3,995,163

 

10,135,321

 

10,522,214

 

Change in net unrealized appreciation (depreciation) on investments

 

19,489,476

 

1,049,729

 

42,305,550

 

(21,960,809

)

(5,279,196

)

(28,995

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

22,145,091

 

1,649,787

 

49,789,669

 

(21,635,603

)

2,656,702

 

8,023,450

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

6,288,453

 

3,009,790

 

16,197,505

 

13,844,056

 

5,238,422

 

5,818,301

 

Transfers between variable and fixed accounts, net

 

(1,906,524

)

(199,701

)

(4,637,424

)

(32,352,758

)

(509,059

)

(3,637,116

)

Contract benefits and terminations

 

(15,989,219

)

(12,434,842

)

(26,514,184

)

(22,242,649

)

(17,871,173

)

(15,981,515

)

Contract charges and deductions

 

(254,778

)

(268,562

)

(363,335

)

(400,618

)

(301,479

)

(363,533

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(8,467

)

(38

)

(3,252

)

(608

)

(24,706

)

6,215

 

Other

 

(4,107

)

(7,158

)

17,346

 

4,319

 

1,735

 

(2,569

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

(11,874,642

)

(9,900,511

)

(15,303,344

)

(41,148,258

)

(13,466,260

)

(14,160,217

)

NET INCREASE (DECREASE) IN NET ASSETS

 

10,270,449

 

(8,250,724

)

34,486,325

 

(62,783,861

)

(10,809,558

)

(6,136,767

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

116,712,247

 

124,962,971

 

231,374,915

 

294,158,776

 

164,758,555

 

170,895,322

 

End of Year

 

$

126,982,696

 

$

116,712,247

 

$

265,861,240

 

$

231,374,915

 

$

153,948,997

 

$

164,758,555

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology

 

Currency Strategies

 

Diversified Alternatives

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(1,229,128

)

$

(1,006,592

)

$

(51,487

)

$

(54,743

)

$

(14,070

)

$

(4,706

)

Realized gain (loss) on investments

 

(19,820

)

(729,445

)

13,758

 

(22,545

)

1,037

 

(202

)

Change in net unrealized appreciation (depreciation) on investments

 

26,696,240

 

(4,189,192

)

(134,085

)

170,454

 

74,437

 

23,254

 

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Resulting from Operations

 

25,447,292

 

(5,925,229

)

(171,814

)

93,166

 

61,404

 

18,346

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

6,737,293

 

3,523,828

 

301,427

 

413,603

 

334,912

 

269,520

 

Transfers between variable and fixed accounts, net

 

11,891,664

 

(1,502,964

)

(420,223

)

810,971

 

801,524

 

489,745

 

Contract benefits and terminations

 

(8,350,984

)

(5,992,935

)

(422,899

)

(403,596

)

(74,279

)

(7,271

)

Contract charges and deductions

 

(168,901

)

(179,861

)

(1,310

)

(1,949

)

(474

)

(26

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(3,424

)

(709

)

 

 

 

 

Other

 

1,761

 

462

 

36

 

(1

)

(86

)

(35

)

Net Increase (Decrease) in Net Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Derived from Contract Owner Transactions

 

10,107,409

 

(4,152,179

)

(542,969

)

819,028

 

1,061,597

 

751,933

 

NET INCREASE (DECREASE) IN NET ASSETS

 

35,554,701

 

(10,077,408

)

(714,783

)

912,194

 

1,123,001

 

770,279

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

66,534,514

 

76,611,922

 

4,184,452

 

3,272,258

 

795,736

 

25,457

 

End of Year

 

$

102,089,215

 

$

66,534,514

 

$

3,469,669

 

$

4,184,452

 

$

1,918,737

 

$

795,736

 

 

See Notes to Financial Statements

 

H-23


 


 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

 

 

 

 

 

 

 

 

Pacific Dynamix -

 

 

 

Equity Long/Short

 

Global Absolute Return

 

Conservative Growth

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(178,231

)

$

(124,772

)

$

(145,539

)

$

(128,964

)

$

(6,108,247

)

$

(5,720,088

)

Realized gain (loss) on investments

 

11,677

 

(65,621

)

3,111

 

11,786

 

997,784

 

(382,492

)

Change in net unrealized appreciation (depreciation) on investments

 

2,195,550

 

1,118,622

 

682,189

 

437,525

 

44,003,836

 

29,180,760

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

2,028,996

 

928,229

 

539,761

 

320,347

 

38,893,373

 

23,078,180

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

2,600,716

 

2,166,939

 

731,397

 

521,298

 

38,053,659

 

43,582,833

 

Transfers between variable and fixed accounts, net

 

1,834,414

 

2,607,060

 

1,799,068

 

523,034

 

594,961

 

38,519,538

 

Contract benefits and terminations

 

(1,932,468

)

(803,376

)

(1,298,628

)

(1,203,571

)

(47,446,990

)

(39,469,556

)

Contract charges and deductions

 

(1,792

)

(2,961

)

(2,124

)

(2,236

)

(2,839,677

)

(2,680,966

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

(3,710

)

 

Other

 

(206

)

(1,286

)

(116

)

(1,051

)

1,611

 

(10,445

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

2,500,664

 

3,966,376

 

1,229,597

 

(162,526

)

(11,640,146

)

39,941,404

 

NET INCREASE (DECREASE) IN NET ASSETS

 

4,529,660

 

4,894,605

 

1,769,358

 

157,821

 

27,253,227

 

63,019,584

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

11,856,347

 

6,961,742

 

10,122,150

 

9,964,329

 

464,351,611

 

401,332,027

 

End of Year

 

$

16,386,007

 

$

11,856,347

 

$

11,891,508

 

$

10,122,150

 

$

491,604,838

 

$

464,351,611

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pacific Dynamix -

 

Pacific Dynamix -

 

Portfolio Optimization

 

 

 

Moderate Growth

 

Growth

 

Conservative

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(25,615,953

)

$

(22,029,014

)

$

(8,228,676

)

$

(7,018,724

)

$

(25,980,096

)

$

(29,689,995

)

Realized gain (loss) on investments

 

(84,359

)

(3,173,849

)

374,785

 

(1,338,616

)

64,032,488

 

37,156,241

 

Change in net unrealized appreciation (depreciation) on investments

 

262,232,968

 

144,848,308

 

100,309,319

 

53,007,718

 

63,072,137

 

76,856,511

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

236,532,656

 

119,645,445

 

92,455,428

 

44,650,378

 

101,124,529

 

84,322,757

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

218,858,706

 

149,875,952

 

48,353,403

 

28,905,249

 

24,271,633

 

32,482,975

 

Transfers between variable and fixed accounts, net

 

75,255,275

 

75,130,456

 

52,323,722

 

17,254,670

 

(10,105,276

)

113,221,811

 

Contract benefits and terminations

 

(159,289,621

)

(121,007,289

)

(67,210,076

)

(51,229,020

)

(292,475,509

)

(326,302,414

)

Contract charges and deductions

 

(15,390,501

)

(13,158,129

)

(3,282,846

)

(3,001,985

)

(12,247,150

)

(13,951,683

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

(9,615

)

7,484

 

Other

 

(16,956

)

16,368

 

(2,302

)

9,008

 

31,951

 

(22,751

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

119,416,903

 

90,857,358

 

30,181,901

 

(8,062,078

)

(290,533,966

)

(194,564,578

)

NET INCREASE (DECREASE) IN NET ASSETS

 

355,949,559

 

210,502,803

 

122,637,329

 

36,588,300

 

(189,409,437

)

(110,241,821

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

1,858,370,366

 

1,647,867,563

 

559,105,960

 

522,517,660

 

1,873,697,960

 

1,983,939,781

 

End of Year

 

$

2,214,319,925

 

$

1,858,370,366

 

$

681,743,289

 

$

559,105,960

 

$

1,684,288,523

 

$

1,873,697,960

 

 

See Notes to Financial Statements

 

H-24



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year/Period Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Portfolio Optimization

 

Portfolio Optimization

 

Portfolio Optimization

 

 

 

Moderate-Conservative

 

Moderate

 

Growth

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(40,257,513

)

$

(42,130,798

)

$

(164,384,430

)

$

(167,064,102

)

$

(142,803,064

)

$

(142,341,860

)

Realized gain (loss) on investments

 

102,439,447

 

75,127,570

 

482,415,246

 

339,250,505

 

477,454,210

 

345,074,975

 

Change in net unrealized appreciation (depreciation) on investments

 

184,904,355

 

114,670,358

 

919,205,399

 

543,426,091

 

959,763,716

 

444,234,418

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

247,086,289

 

147,667,130

 

1,237,236,215

 

715,612,494

 

1,294,414,862

 

646,967,533

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

44,859,161

 

46,333,529

 

159,711,168

 

164,025,658

 

87,261,468

 

77,885,053

 

Transfers between variable and fixed accounts, net

 

(19,434,571

)

(21,667,398

)

(69,433,577

)

(125,753,552

)

(76,810,926

)

(232,194,589

)

Contract benefits and terminations

 

(355,427,597

)

(361,816,302

)

(1,375,630,082

)

(1,267,575,857

)

(1,129,773,893

)

(952,871,376

)

Contract charges and deductions

 

(17,802,391

)

(18,735,457

)

(78,328,635

)

(80,815,810

)

(66,806,196

)

(69,726,226

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(42,023

)

(23,958

)

(306,590

)

(8,940

)

(91,254

)

(40,472

)

Other

 

(8,098

)

(4,978

)

86,658

 

(73,943

)

146,604

 

(58,440

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(347,855,519

)

(355,914,564

)

(1,363,901,058

)

(1,310,202,444

)

(1,186,074,197

)

(1,177,006,050

)

NET INCREASE (DECREASE) IN NET ASSETS

 

(100,769,230

)

(208,247,434

)

(126,664,843

)

(594,589,950

)

108,340,665

 

(530,038,517

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

2,839,652,691

 

3,047,900,125

 

11,277,155,614

 

11,871,745,564

 

9,362,255,525

 

9,892,294,042

 

End of Year

 

$

2,738,883,461

 

$

2,839,652,691

 

$

11,150,490,771

 

$

11,277,155,614

 

$

9,470,596,190

 

$

9,362,255,525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio Optimization

 

PSF DFA

 

Invesco V.I. Balanced-Risk

 

 

 

Aggressive-Growth

 

Balanced Allocation (1)

 

Allocation Series II

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(30,014,194

)

$

(29,392,819

)

$

(809,692

)

$

(127,356

)

$

9,558,657

 

$

(4,705,844

)

Realized gain (loss) on investments

 

104,680,700

 

70,412,888

 

(14,138

)

(7,291

)

19,773,662

 

(7,127,796

)

Change in net unrealized appreciation (depreciation) on investments

 

231,682,023

 

99,556,652

 

7,663,835

 

789,545

 

2,902,417

 

47,359,957

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

306,348,529

 

140,576,721

 

6,840,005

 

654,898

 

32,234,736

 

35,526,317

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

24,624,165

 

23,089,709

 

40,816,064

 

16,870,622

 

26,124,570

 

18,508,775

 

Transfers between variable and fixed accounts, net

 

(23,815,694

)

(69,032,235

)

18,593,628

 

14,690,380

 

(17,363,273

)

38,667,246

 

Contract benefits and terminations

 

(233,985,444

)

(170,160,470

)

(2,930,572

)

(335,807

)

(48,149,415

)

(38,494,488

)

Contract charges and deductions

 

(12,152,811

)

(12,420,897

)

(369,826

)

(55,663

)

(3,437,918

)

(3,142,850

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(338,411

)

(6,883

)

 

 

180

 

82

 

Other

 

48,912

 

(27,632

)

(2,160

)

(2,106

)

3,710

 

(8,757

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(245,619,283

)

(228,558,408

)

56,107,134

 

31,167,426

 

(42,822,146

)

15,530,008

 

NET INCREASE (DECREASE) IN NET ASSETS

 

60,729,246

 

(87,981,687

)

62,947,139

 

31,822,324

 

(10,587,410

)

51,056,325

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year or Period

 

1,935,350,732

 

2,023,332,419

 

31,822,324

 

 

411,438,619

 

360,382,294

 

End of Year or Period

 

$

1,996,079,978

 

$

1,935,350,732

 

$

94,769,463

 

$

31,822,324

 

$

400,851,209

 

$

411,438,619

 

 


(1) Operations commenced or resumed during 2016 (See Financial Highlights for commencement date of operations).

 

See Notes to Financial Statements

 

H-25



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Invesco V.I. Equity and

 

Invesco V.I. Global

 

American Century

 

 

 

Income Series II

 

Real Estate Series II

 

VP Mid Cap Value Class II

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

92,175

 

$

122,532

 

$

97,442

 

$

12,112

 

$

53,881

 

$

127,631

 

Realized gain (loss) on investments

 

360,144

 

(81,986

)

53,088

 

(42,051

)

1,509,292

 

1,563,367

 

Change in net unrealized appreciation (depreciation) on investments

 

2,990,909

 

3,057,215

 

351,469

 

(39,978

)

5,644,395

 

7,994,273

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

3,443,228

 

3,097,761

 

501,999

 

(69,917

)

7,207,568

 

9,685,271

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

6,620,096

 

4,046,821

 

1,064,546

 

964,213

 

14,006,370

 

8,698,592

 

Transfers between variable and fixed accounts, net

 

1,834,768

 

10,073,227

 

885,182

 

1,128,796

 

(8,832,973

)

27,633,266

 

Contract benefits and terminations

 

(5,072,643

)

(1,442,156

)

(241,937

)

(122,150

)

(6,626,281

)

(4,800,175

)

Contract charges and deductions

 

(52,955

)

(33,212

)

(1,169

)

(1,058

)

(29,457

)

(20,908

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(74

)

 

 

 

(24

)

(534

)

Other

 

(396

)

(990

)

(35

)

862

 

(260

)

(4,482

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

3,328,796

 

12,643,690

 

1,706,587

 

1,970,663

 

(1,482,625

)

31,505,759

 

NET INCREASE (DECREASE) IN NET ASSETS

 

6,772,024

 

15,741,451

 

2,208,586

 

1,900,746

 

5,724,943

 

41,191,030

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

34,520,360

 

18,778,909

 

3,734,563

 

1,833,817

 

72,613,873

 

31,422,843

 

End of Year

 

$

41,292,384

 

$

34,520,360

 

$

5,943,149

 

$

3,734,563

 

$

78,338,816

 

$

72,613,873

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds IS Asset

 

American Funds IS Blue Chip

 

American Funds IS

 

 

 

Allocation Class 4

 

Income and Growth Class 4

 

Bond Class 4

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

881,871

 

$

2,715,937

 

$

501,304

 

$

514,959

 

$

302,499

 

$

89,389

 

Realized gain (loss) on investments

 

123,440,339

 

48,526,388

 

2,225,319

 

1,309,749

 

167,812

 

(35,238

)

Change in net unrealized appreciation (depreciation) on investments

 

235,684,740

 

114,236,817

 

6,524,661

 

1,944,288

 

(93,563

)

(273,015

)

Net Increase (Decrease) in Net Assets Resulting from Operations

 

360,006,950

 

165,479,142

 

9,251,284

 

3,768,996

 

376,748

 

(218,864

)

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

291,785,754

 

162,953,386

 

20,984,404

 

14,498,867

 

12,113,982

 

7,198,929

 

Transfers between variable and fixed accounts, net

 

78,274,213

 

181,985,622

 

80,505

 

32,955,467

 

4,834,216

 

8,536,758

 

Contract benefits and terminations

 

(243,499,797

)

(164,653,197

)

(6,214,900

)

(1,785,914

)

(1,039,430

)

(1,423,531

)

Contract charges and deductions

 

(21,756,518

)

(17,837,203

)

(46,704

)

(16,077

)

(30,635

)

(9,505

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(659

)

73

 

(353

)

 

 

 

Other

 

(36,978

)

(2,215

)

(630

)

(15,517

)

(1,879

)

415

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

104,766,015

 

162,446,466

 

14,802,322

 

45,636,826

 

15,876,254

 

14,303,066

 

NET INCREASE (DECREASE) IN NET ASSETS

 

464,772,965

 

327,925,608

 

24,053,606

 

49,405,822

 

16,253,002

 

14,084,202

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

2,457,433,788

 

2,129,508,180

 

51,646,555

 

2,240,733

 

14,962,175

 

877,973

 

End of Year

 

$

2,922,206,753

 

$

2,457,433,788

 

$

75,700,161

 

$

51,646,555

 

$

31,215,177

 

$

14,962,175

 

 

See Notes to Financial Statements

 

H-26



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

American Funds IS Capital

 

American Funds IS

 

American Funds IS

 

 

 

Income Builder Class 4

 

Global Balanced Class 4

 

Global Bond Class 4

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

1,040,108

 

$

1,056,798

 

$

88,328

 

$

60,631

 

$

(37,574

)

$

(11,836

)

Realized gain (loss) on investments

 

(123,859

)

(376,841

)

1,044,089

 

(30,549

)

6,133

 

(31,203

)

Change in net unrealized appreciation (depreciation) on investments

 

6,827,127

 

542,270

 

1,862,873

 

40,993

 

294,962

 

(91,827

)

Net Increase (Decrease) in Net Assets Resulting from Operations

 

7,743,376

 

1,222,227

 

2,995,290

 

71,075

 

263,521

 

(134,866

)

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

10,451,388

 

10,413,388

 

11,713,478

 

4,837,109

 

2,626,922

 

2,147,099

 

Transfers between variable and fixed accounts, net

 

5,312,229

 

10,969,809

 

17,340,080

 

4,138,456

 

2,135,061

 

2,147,691

 

Contract benefits and terminations

 

(4,847,880

)

(2,577,179

)

(1,759,400

)

(424,374

)

(573,770

)

(180,489

)

Contract charges and deductions

 

(108,608

)

(84,756

)

(20,709

)

(7,181

)

(6,238

)

(1,868

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

 

Other

 

(234

)

(2,210

)

(1,373

)

(413

)

(230

)

(144

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

10,806,895

 

18,719,052

 

27,272,076

 

8,543,597

 

4,181,745

 

4,112,289

 

NET INCREASE (DECREASE) IN NET ASSETS

 

18,550,271

 

19,941,279

 

30,267,366

 

8,614,672

 

4,445,266

 

3,977,423

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

64,382,863

 

44,441,584

 

9,252,896

 

638,224

 

4,294,379

 

316,956

 

End of Year

 

$

82,933,134

 

$

64,382,863

 

$

39,520,262

 

$

9,252,896

 

$

8,739,645

 

$

4,294,379

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds IS Global

 

American Funds IS

 

American Funds IS Global

 

 

 

Growth and Income Class 4

 

Global Growth Class 4

 

Small Capitalization Class 4

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

258,481

 

$

76,318

 

$

(272,718

)

$

(212,239

)

$

(33,149

)

$

(13,010

)

Realized gain (loss) on investments

 

217,594

 

(16,457

)

1,348,869

 

210,461

 

(31,146

)

156,960

 

Change in net unrealized appreciation (depreciation) on investments

 

2,262,351

 

227,279

 

12,093,786

 

(715,707

)

1,118,972

 

(67,413

)

Net Increase (Decrease) in Net Assets Resulting from Operations

 

2,738,426

 

287,140

 

13,169,937

 

(717,485

)

1,054,677

 

76,537

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

7,305,573

 

4,074,397

 

11,785,937

 

5,754,550

 

3,556,606

 

1,168,544

 

Transfers between variable and fixed accounts, net

 

4,565,031

 

2,916,241

 

8,964,870

 

(9,123,851

)

1,603,801

 

977,708

 

Contract benefits and terminations

 

(655,718

)

(120,847

)

(3,022,108

)

(2,341,769

)

(159,904

)

(15,443

)

Contract charges and deductions

 

(13,293

)

(4,312

)

(45,667

)

(35,312

)

(8,522

)

(2,800

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

 

Other

 

(481

)

607

 

(1,215

)

(11

)

(404

)

(4,133

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

11,201,112

 

6,866,086

 

17,681,817

 

(5,746,393

)

4,991,577

 

2,123,876

 

NET INCREASE (DECREASE) IN NET ASSETS

 

13,939,538

 

7,153,226

 

30,851,754

 

(6,463,878

)

6,046,254

 

2,200,413

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

7,847,080

 

693,854

 

39,881,916

 

46,345,794

 

2,676,622

 

476,209

 

End of Year

 

$

21,786,618

 

$

7,847,080

 

$

70,733,670

 

$

39,881,916

 

$

8,722,876

 

$

2,676,622

 

 

See Notes to Financial Statements

 

H-27



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

American Funds IS

 

American Funds IS

 

American Funds IS High-

 

 

 

Growth Class 4

 

Growth-Income Class 4

 

Income Bond Class 4

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(2,678,357

)

$

(1,864,956

)

$

(21,514

)

$

(51,634

)

$

895,320

 

$

437,545

 

Realized gain (loss) on investments

 

28,836,291

 

19,292,151

 

19,537,209

 

25,809,067

 

(33,044

)

(24,231

)

Change in net unrealized appreciation (depreciation) on investments

 

43,842,093

 

1,316,801

 

37,468,494

 

(890,150

)

(156,972

)

360,625

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

70,000,027

 

18,743,996

 

56,984,189

 

24,867,283

 

705,304

 

773,939

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

33,430,060

 

22,024,710

 

29,455,720

 

18,912,256

 

5,699,676

 

3,806,967

 

Transfers between variable and fixed accounts, net

 

14,657,629

 

(6,416,222

)

(1,275,068

)

7,633,137

 

2,794,727

 

6,411,873

 

Contract benefits and terminations

 

(31,457,505

)

(20,039,804

)

(32,925,029

)

(22,244,663

)

(1,060,340

)

(625,278

)

Contract charges and deductions

 

(409,981

)

(387,806

)

(407,988

)

(382,070

)

(9,679

)

(2,842

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(10,336

)

(4,746

)

(20,934

)

(4,345

)

 

 

Other

 

(3,009

)

(13,177

)

(1,289

)

(16,030

)

(423

)

(1,370

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

16,206,858

 

(4,837,045

)

(5,174,588

)

3,898,285

 

7,423,961

 

9,589,350

 

NET INCREASE (DECREASE) IN NET ASSETS

 

86,206,885

 

13,906,951

 

51,809,601

 

28,765,568

 

8,129,265

 

10,363,289

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

261,801,967

 

247,895,016

 

281,066,393

 

252,300,825

 

10,865,001

 

501,712

 

End of Year

 

$

348,008,852

 

$

261,801,967

 

$

332,875,994

 

$

281,066,393

 

$

18,994,266

 

$

10,865,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds IS

 

American Funds IS International

 

American Funds IS Managed Risk

 

 

 

International Class 4

 

Growth and Income Class 4

 

Asset Allocation Class P2

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

162,533

 

$

55,540

 

$

403,706

 

$

399,846

 

$

(589,548

)

$

(56,226

)

Realized gain (loss) on investments

 

(36,348

)

820,063

 

(254,109

)

(836,462

)

899,160

 

1,610,431

 

Change in net unrealized appreciation (depreciation) on investments

 

9,191,036

 

(299,905

)

7,288,152

 

458,810

 

11,351,281

 

2,546,575

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

9,317,221

 

575,698

 

7,437,749

 

22,194

 

11,660,893

 

4,100,780

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

10,799,522

 

4,558,089

 

5,592,118

 

2,739,661

 

19,318,947

 

10,769,601

 

Transfers between variable and fixed accounts, net

 

9,129,909

 

2,092,102

 

3,125,880

 

2,068,379

 

11,297,405

 

10,840,294

 

Contract benefits and terminations

 

(2,317,132

)

(1,174,686

)

(2,268,333

)

(1,571,241

)

(9,156,833

)

(3,768,954

)

Contract charges and deductions

 

(26,571

)

(20,017

)

(38,152

)

(33,007

)

(761,799

)

(492,263

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

40

 

Other

 

(2,081

)

3,285

 

86

 

(149

)

334

 

(5,185

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

17,583,647

 

5,458,773

 

6,411,599

 

3,203,643

 

20,698,054

 

17,343,533

 

NET INCREASE (DECREASE) IN NET ASSETS

 

26,900,868

 

6,034,471

 

13,849,348

 

3,225,837

 

32,358,947

 

21,444,313

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

26,203,366

 

20,168,895

 

30,194,240

 

26,968,403

 

80,098,222

 

58,653,909

 

End of Year

 

$

53,104,234

 

$

26,203,366

 

$

44,043,588

 

$

30,194,240

 

$

112,457,169

 

$

80,098,222

 

 

See Notes to Financial Statements

 

H-28



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

American Funds IS

 

American Funds IS U.S.
Government/

 

BlackRock Capital Appreciation

 

 

 

New World Fund Class 4

 

AAA-Rated Securities Class 4

 

V.I. Class III

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(100,677

)

$

(99,742

)

$

(48,589

)

$

(123,322

)

$

(306,518

)

$

(285,390

)

Realized gain (loss) on investments

 

(264,279

)

(721,522

)

(503,515

)

823,953

 

4,793,226

 

804,938

 

Change in net unrealized appreciation (depreciation) on investments

 

8,184,601

 

1,560,477

 

593,069

 

(884,988

)

5,677,653

 

(790,158

)

Net Increase (Decrease) in Net Assets Resulting from Operations

 

7,819,645

 

739,213

 

40,965

 

(184,357

)

10,164,361

 

(270,610

)

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

6,675,009

 

2,921,658

 

7,867,547

 

5,961,411

 

559,261

 

636,265

 

Transfers between variable and fixed accounts, net

 

5,605,923

 

2,659,052

 

(8,151,978

)

12,279,859

 

(4,168,525

)

384,178

 

Contract benefits and terminations

 

(1,656,688

)

(522,997

)

(7,307,368

)

(9,090,153

)

(2,715,274

)

(1,928,464

)

Contract charges and deductions

 

(25,997

)

(18,431

)

(22,730

)

(37,320

)

(435,161

)

(421,244

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

 

Other

 

(983

)

(4,412

)

556

 

(802

)

243

 

(2,472

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

10,597,264

 

5,034,870

 

(7,613,973

)

9,112,995

 

(6,759,456

)

(1,331,737

)

NET INCREASE (DECREASE) IN NET ASSETS

 

18,416,909

 

5,774,083

 

(7,573,008

)

8,928,638

 

3,404,905

 

(1,602,347

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

24,333,989

 

18,559,906

 

46,987,916

 

38,059,278

 

34,362,089

 

35,964,436

 

End of Year

 

$

42,750,898

 

$

24,333,989

 

$

39,414,908

 

$

46,987,916

 

$

37,766,994

 

$

34,362,089

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BlackRock Global Allocation

 

BlackRock iShares

 

BlackRock iShares

 

 

 

V.I. Class III

 

Alternative Strategies V.I. Class I

 

Dynamic Allocation V.I. Class I

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(2,109,244

)

$

(3,997,889

)

$

170,788

 

$

162,282

 

$

146,343

 

$

142,459

 

Realized gain (loss) on investments

 

27,272,803

 

(30,457,481

)

(4,776

)

(88,432

)

(9,015

)

(207,198

)

Change in net unrealized appreciation (depreciation) on investments

 

201,701,279

 

81,005,817

 

1,065,621

 

293,223

 

2,299,702

 

868,435

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

226,864,838

 

46,550,447

 

1,231,633

 

367,073

 

2,437,030

 

803,696

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

68,010,545

 

55,101,499

 

1,061,169

 

867,544

 

3,264,148

 

1,864,989

 

Transfers between variable and fixed accounts, net

 

(50,847,150

)

(107,339,896

)

201,805

 

1,852,349

 

1,586,479

 

1,989,246

 

Contract benefits and terminations

 

(215,941,539

)

(182,555,515

)

(1,152,922

)

(543,509

)

(1,676,966

)

(1,674,740

)

Contract charges and deductions

 

(17,710,110

)

(18,876,094

)

(2,643

)

(2,891

)

(6,134

)

(16,426

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

(2,000

)

(2,246

)

 

 

 

 

Other

 

6,862

 

(8,914

)

4

 

184

 

(370

)

(56

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(216,483,392

)

(253,681,166

)

107,413

 

2,173,677

 

3,167,157

 

2,163,013

 

NET INCREASE (DECREASE) IN NET ASSETS

 

10,381,446

 

(207,130,719

)

1,339,046

 

2,540,750

 

5,604,187

 

2,966,709

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

1,975,008,715

 

2,182,139,434

 

10,941,468

 

8,400,718

 

16,252,668

 

13,285,959

 

End of Year

 

$

1,985,390,161

 

$

1,975,008,715

 

$

12,280,514

 

$

10,941,468

 

$

21,856,855

 

$

16,252,668

 

 

See Notes to Financial Statements

 

H-29



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

BlackRock iShares

 

BlackRock iShares

 

Fidelity VIP Contrafund

 

 

 

Dynamic Fixed Income V.I. Class I

 

Equity Appreciation V.I. Class I

 

Service Class 2

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

112,908

 

$

74,359

 

$

73,786

 

$

42,229

 

$

(714,758

)

$

(716,868

)

Realized gain (loss) on investments

 

(40,942

)

(46,287

)

5,049

 

(125,223

)

7,853,405

 

4,948,902

 

Change in net unrealized appreciation (depreciation) on investments

 

249,241

 

84,723

 

2,035,678

 

740,815

 

20,892,045

 

3,308,843

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

321,207

 

112,795

 

2,114,513

 

657,821

 

28,030,692

 

7,540,877

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

2,116,215

 

1,832,552

 

1,868,506

 

583,030

 

26,027,551

 

13,957,001

 

Transfers between variable and fixed accounts, net

 

2,743,300

 

1,806,500

 

1,012,357

 

1,878,227

 

14,142,678

 

4,041,868

 

Contract benefits and terminations

 

(1,792,524

)

(719,001

)

(878,119

)

(256,432

)

(12,883,665

)

(7,487,326

)

Contract charges and deductions

 

(1,484

)

(1,297

)

(3,458

)

(2,737

)

(89,190

)

(69,922

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

 

Other

 

(294

)

34

 

236

 

261

 

(1,956

)

(751

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

3,065,213

 

2,918,788

 

1,999,522

 

2,202,349

 

27,195,418

 

10,440,870

 

NET INCREASE (DECREASE) IN NET ASSETS

 

3,386,420

 

3,031,583

 

4,114,035

 

2,860,170

 

55,226,110

 

17,981,747

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

10,981,435

 

7,949,852

 

9,227,803

 

6,367,633

 

129,225,919

 

111,244,172

 

End of Year

 

$

14,367,855

 

$

10,981,435

 

$

13,341,838

 

$

9,227,803

 

$

184,452,029

 

$

129,225,919

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fidelity VIP FundsManager

 

Fidelity VIP Government

 

Fidelity VIP Strategic Income

 

 

 

60% Service Class 2

 

Money Market Service Class

 

Service Class 2

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(652,346

)

$

(416,762

)

$

(2,168,228

)

$

(3,938,234

)

$

970,355

 

$

834,870

 

Realized gain (loss) on investments

 

4,369,022

 

2,294,590

 

 

 

190,546

 

(393,263

)

Change in net unrealized appreciation (depreciation) on investments

 

27,430,597

 

4,516,488

 

 

 

1,421,587

 

1,352,252

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

31,147,273

 

6,394,316

 

(2,168,228

)

(3,938,234

)

2,582,488

 

1,793,859

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

29,768,172

 

21,071,125

 

38,698,960

 

42,371,273

 

10,057,758

 

5,950,917

 

Transfers between variable and fixed accounts, net

 

12,203,441

 

(17,334,185

)

99,369,310

 

150,224,304

 

7,457,699

 

3,612,143

 

Contract benefits and terminations

 

(20,128,574

)

(14,925,876

)

(179,757,609

)

(207,572,261

)

(4,724,204

)

(2,465,027

)

Contract charges and deductions

 

(1,936,030

)

(1,677,296

)

(223,512

)

(269,115

)

(21,746

)

(16,360

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

8,352

 

(4,314

)

 

 

Other

 

(1,829

)

(804

)

55

 

(37,761

)

(1,199

)

294

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

19,905,180

 

(12,867,036

)

(41,904,444

)

(15,287,874

)

12,768,308

 

7,081,967

 

NET INCREASE (DECREASE) IN NET ASSETS

 

51,052,453

 

(6,472,720

)

(44,072,672

)

(19,226,108

)

15,350,796

 

8,875,826

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

198,335,661

 

204,808,381

 

281,583,163

 

300,809,271

 

36,818,740

 

27,942,914

 

End of Year

 

$

249,388,114

 

$

198,335,661

 

$

237,510,491

 

$

281,583,163

 

$

52,169,536

 

$

36,818,740

 

 

See Notes to Financial Statements

 

H-30


 


 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

First Trust Dorsey Wright

 

First Trust/Dow Jones

 

First Trust

 

 

 

Tactical Core Class I

 

Dividend & Income Allocation Class I

 

Multi Income Allocation Class I

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(71,452

)

$

(27,692

)

$

(353,856

)

$

(646,221

)

$

118,350

 

$

85,812

 

Realized gain (loss) on investments

 

155,107

 

(6,606

)

25,573,305

 

8,526,078

 

25,439

 

(17,369

)

Change in net unrealized appreciation (depreciation) on investments

 

1,566,883

 

220,687

 

33,048,731

 

22,557,639

 

286,903

 

466,618

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

1,650,538

 

186,389

 

58,268,180

 

30,437,496

 

430,692

 

535,061

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

3,584,430

 

2,945,938

 

55,409,910

 

35,851,828

 

1,283,288

 

1,205,976

 

Transfers between variable and fixed accounts, net

 

2,513,670

 

451,256

 

34,646,058

 

225,249,576

 

(674,940

)

1,260,566

 

Contract benefits and terminations

 

(527,482

)

(552,358

)

(50,443,915

)

(31,048,672

)

(1,005,704

)

(225,977

)

Contract charges and deductions

 

(2,287

)

(2,589

)

(4,267,228

)

(2,800,328

)

(1,794

)

(1,440

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

(12,636

)

 

 

 

Other

 

(387

)

(7,099

)

(5,169

)

(31,735

)

7

 

165

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

5,567,944

 

2,835,148

 

35,327,020

 

227,220,669

 

(399,143

)

2,239,290

 

NET INCREASE (DECREASE) IN NET ASSETS

 

7,218,482

 

3,021,537

 

93,595,200

 

257,658,165

 

31,549

 

2,774,351

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

7,805,815

 

4,784,278

 

461,050,789

 

203,392,624

 

9,168,353

 

6,394,002

 

End of Year

 

$

15,024,297

 

$

7,805,815

 

$

554,645,989

 

$

461,050,789

 

$

9,199,902

 

$

9,168,353

 

 

 

 

Franklin Founding Funds

 

Franklin Founding Funds

 

Franklin Income

 

 

 

Allocation VIP Class 2

 

Allocation VIP Class 4

 

VIP Class 2

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

376,384

 

$

499,956

 

$

3,805,534

 

$

7,718,688

 

$

908,910

 

$

388,812

 

Realized gain (loss) on investments

 

752,812

 

218,588

 

15,536,072

 

7,066,070

 

(48,126

)

(77,639

)

Change in net unrealized appreciation (depreciation) on investments

 

991,893

 

1,286,559

 

14,033,995

 

20,490,789

 

1,541,680

 

1,267,017

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

2,121,089

 

2,005,103

 

33,375,601

 

35,275,547

 

2,402,464

 

1,578,190

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

1,662,742

 

1,679,144

 

7,166,313

 

5,737,259

 

10,280,542

 

7,687,775

 

Transfers between variable and fixed accounts, net

 

11,233

 

1,055,324

 

6,341,666

 

(23,062,087

)

6,936,941

 

6,222,535

 

Contract benefits and terminations

 

(845,647

)

(1,075,216

)

(43,425,401

)

(36,940,463

)

(2,897,951

)

(476,802

)

Contract charges and deductions

 

(92,900

)

(83,863

)

(2,753,405

)

(2,880,609

)

(10,055

)

(4,089

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

 

Other

 

(39

)

(46

)

(1,110

)

5,887

 

(977

)

86

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

735,389

 

1,575,343

 

(32,671,937

)

(57,140,013

)

14,308,500

 

13,429,505

 

NET INCREASE (DECREASE) IN NET ASSETS

 

2,856,478

 

3,580,446

 

703,664

 

(21,864,466

)

16,710,964

 

15,007,695

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

18,775,367

 

15,194,921

 

339,747,629

 

361,612,095

 

21,111,682

 

6,103,987

 

End of Year

 

$

21,631,845

 

$

18,775,367

 

$

340,451,293

 

$

339,747,629

 

$

37,822,646

 

$

21,111,682

 

 

See Notes to Financial Statements

 

H-31



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Franklin Mutual Global

 

Franklin Rising

 

Templeton

 

 

 

Discovery VIP Class 2

 

Dividends VIP Class 2

 

Global Bond VIP Class 2

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

1,624,958

 

$

1,328,696

 

$

399,916

 

$

122,063

 

$

(1,111,916

)

$

(1,028,461

)

Realized gain (loss) on investments

 

8,850,264

 

9,887,848

 

4,579,381

 

10,642,324

 

(1,121,426

)

(3,452,463

)

Change in net unrealized appreciation (depreciation) on investments

 

4,821,369

 

9,831,950

 

21,555,354

 

5,097,958

 

2,653,115

 

5,855,890

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

15,296,591

 

21,048,494

 

26,534,651

 

15,862,345

 

419,773

 

1,374,966

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

12,807,677

 

8,515,485

 

17,448,143

 

11,172,058

 

9,185,312

 

4,143,792

 

Transfers between variable and fixed accounts, net

 

2,178,884

 

4,180,201

 

(2,547,139

)

25,506,629

 

6,285,342

 

3,310,595

 

Contract benefits and terminations

 

(14,871,894

)

(12,799,322

)

(14,432,105

)

(11,499,518

)

(8,446,097

)

(6,339,094

)

Contract charges and deductions

 

(1,287,690

)

(1,243,893

)

(115,851

)

(92,177

)

(121,922

)

(113,907

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

559

 

126

 

(443

)

 

394

 

77

 

Other

 

(120

)

(471

)

(42

)

(6,138

)

(211

)

(1,766

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(1,172,584

)

(1,347,874

)

352,563

 

25,080,854

 

6,902,818

 

999,697

 

NET INCREASE (DECREASE) IN NET ASSETS

 

14,124,007

 

19,700,620

 

26,887,214

 

40,943,199

 

7,322,591

 

2,374,663

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

206,289,451

 

186,588,831

 

140,746,663

 

99,803,464

 

86,217,009

 

83,842,346

 

End of Year

 

$

220,413,458

 

$

206,289,451

 

$

167,633,877

 

$

140,746,663

 

$

93,539,600

 

$

86,217,009

 

 

 

 

Ivy VIP

 

Ivy VIP

 

Janus Henderson

 

 

 

Asset Strategy

 

Energy

 

Balanced Service Shares

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

41,846

 

$

(113,228

)

$

(129,522

)

$

(182,669

)

$

1,781,467

 

$

7,867,175

 

Realized gain (loss) on investments

 

(1,021,251

)

(1,479,595

)

(1,159,442

)

(519,350

)

2,199,743

 

6,846,693

 

Change in net unrealized appreciation (depreciation) on investments

 

3,380,097

 

964,551

 

(2,259,476

)

5,388,151

 

230,339,997

 

24,513,178

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

2,400,692

 

(628,272

)

(3,548,440

)

4,686,132

 

234,321,207

 

39,227,046

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

742,913

 

1,184,182

 

2,894,828

 

3,482,808

 

220,070,945

 

188,028,301

 

Transfers between variable and fixed accounts, net

 

(1,641,769

)

(766,859

)

(3,286,792

)

14,391,668

 

129,823,760

 

75,175,431

 

Contract benefits and terminations

 

(1,371,434

)

(1,050,848

)

(1,466,813

)

(1,231,794

)

(125,183,359

)

(88,629,894

)

Contract charges and deductions

 

(2,836

)

(2,530

)

(4,993

)

(2,747

)

(10,564,711

)

(8,207,905

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

(754

)

148

 

Other

 

(95

)

(1,343

)

35

 

(5,191

)

(23,334

)

(3,588

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(2,273,221

)

(637,398

)

(1,863,735

)

16,634,744

 

214,122,547

 

166,362,493

 

NET INCREASE (DECREASE) IN NET ASSETS

 

127,471

 

(1,265,670

)

(5,412,175

)

21,320,876

 

448,443,754

 

205,589,539

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

15,402,009

 

16,667,679

 

25,853,628

 

4,532,752

 

1,322,530,489

 

1,116,940,950

 

End of Year

 

$

15,529,480

 

$

15,402,009

 

$

20,441,453

 

$

25,853,628

 

$

1,770,974,243

 

$

1,322,530,489

 

 

See Notes to Financial Statements

 

H-32



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Janus Henderson

 

JPMorgan Insurance Trust

 

JPMorgan Insurance Trust

 

 

 

Flexible Bond Service Shares

 

Core Bond Class 1

 

Global Allocation Class 2

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

334,995

 

$

271,011

 

$

4,379

 

$

6,029

 

$

26,542

 

$

72,548

 

Realized gain (loss) on investments

 

(89,696

)

(156,514

)

1,380

 

860

 

313,471

 

(63,850

)

Change in net unrealized appreciation (depreciation) on investments

 

281,460

 

16,199

 

2,751

 

(3,258

)

470,830

 

158,205

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

526,759

 

130,696

 

8,510

 

3,631

 

810,843

 

166,903

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

2,820,806

 

2,724,777

 

4,916

 

 

2,766,461

 

1,126,352

 

Transfers between variable and fixed accounts, net

 

2,322,368

 

3,732,295

 

(6,720

)

(20,245

)

1,161,004

 

468,850

 

Contract benefits and terminations

 

(3,402,731

)

(1,492,931

)

(58,682

)

(13,259

)

(285,893

)

(115,161

)

Contract charges and deductions

 

(6,600

)

(8,038

)

(84

)

(117

)

(4,786

)

(643

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

201

 

 

 

 

 

 

Other

 

81

 

9,866

 

6

 

 

(124

)

266

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

1,734,125

 

4,965,969

 

(60,564

)

(33,621

)

3,636,662

 

1,479,664

 

NET INCREASE (DECREASE) IN NET ASSETS

 

2,260,884

 

5,096,665

 

(52,054

)

(29,990

)

4,447,505

 

1,646,567

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

26,083,540

 

20,986,875

 

427,188

 

457,178

 

4,191,901

 

2,545,334

 

End of Year

 

$

28,344,424

 

$

26,083,540

 

$

375,134

 

$

427,188

 

$

8,639,406

 

$

4,191,901

 

 

 

 

JPMorgan Insurance Trust

 

JPMorgan Insurance Trust

 

JPMorgan Insurance Trust

 

 

 

Income Builder Class 2

 

Mid Cap Value Class 1

 

U.S. Equity Class 1

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

179,638

 

$

129,168

 

$

(615

)

$

(520

)

$

(314

)

$

(210

)

Realized gain (loss) on investments

 

84,583

 

(40,930

)

4,764

 

4,587

 

701

 

1,868

 

Change in net unrealized appreciation (depreciation) on investments

 

495,689

 

138,378

 

6,704

 

7,282

 

11,005

 

3,158

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

759,910

 

226,616

 

10,853

 

11,349

 

11,392

 

4,816

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

885,764

 

1,731,962

 

 

 

 

 

Transfers between variable and fixed accounts, net

 

1,560,151

 

2,209,090

 

 

 

(47

)

(45

)

Contract benefits and terminations

 

(1,285,931

)

(473,992

)

(11,390

)

(1,470

)

(534

)

(1,667

)

Contract charges and deductions

 

(2,613

)

(3,177

)

(49

)

(57

)

(48

)

(47

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

 

Other

 

183

 

(59

)

2

 

(1

)

(18

)

(10

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

1,157,554

 

3,463,824

 

(11,437

)

(1,528

)

(647

)

(1,769

)

NET INCREASE (DECREASE) IN NET ASSETS

 

1,917,464

 

3,690,440

 

(584

)

9,821

 

10,745

 

3,047

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

6,463,331

 

2,772,891

 

97,391

 

87,570

 

55,336

 

52,289

 

End of Year

 

$

8,380,795

 

$

6,463,331

 

$

96,807

 

$

97,391

 

$

66,081

 

$

55,336

 

 

See Notes to Financial Statements

 

H-33



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

ClearBridge Variable

 

Lord Abbett

 

Lord Abbett

 

 

 

Aggressive Growth - Class II

 

Bond Debenture Class VC

 

International Equity Class VC

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(50,618

)

$

(11,569

)

$

2,642,150

 

$

2,214,900

 

$

654,382

 

$

1,050,278

 

Realized gain (loss) on investments

 

368,897

 

68,256

 

751,738

 

(1,319,317

)

(790,643

)

(996,320

)

Change in net unrealized appreciation (depreciation) on investments

 

321,021

 

30,116

 

2,464,201

 

5,038,764

 

13,860,975

 

(1,488,793

)

Net Increase (Decrease) in Net Assets Resulting from Operations

 

639,300

 

86,803

 

5,858,089

 

5,934,347

 

13,724,714

 

(1,434,835

)

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

2,094,581

 

1,000,504

 

12,568,758

 

7,965,395

 

2,113,550

 

1,210,910

 

Transfers between variable and fixed accounts, net

 

590,118

 

2,020,332

 

11,549,466

 

6,784,326

 

(3,714,682

)

2,675,394

 

Contract benefits and terminations

 

(426,199

)

(53,614

)

(9,066,175

)

(6,870,456

)

(4,023,326

)

(2,957,102

)

Contract charges and deductions

 

(1,447

)

(446

)

(62,812

)

(47,438

)

(547,329

)

(524,581

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

2

 

 

 

 

Other

 

14

 

241

 

(11,039

)

(10,001

)

863

 

1,437

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

2,257,067

 

2,967,017

 

14,978,200

 

7,821,826

 

(6,170,924

)

406,058

 

NET INCREASE (DECREASE) IN NET ASSETS

 

2,896,367

 

3,053,820

 

20,836,289

 

13,756,173

 

7,553,790

 

(1,028,777

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

3,692,453

 

638,633

 

68,036,796

 

54,280,623

 

58,308,401

 

59,337,178

 

End of Year

 

$

6,588,820

 

$

3,692,453

 

$

88,873,085

 

$

68,036,796

 

$

65,862,191

 

$

58,308,401

 

 

 

 

Lord Abbett

 

MFS Total Return Series -

 

MFS Utilities Series -

 

 

 

Total Return Class VC

 

Service Class

 

Service Class

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

4,536,358

 

$

5,003,594

 

$

3,652,730

 

$

4,743,813

 

$

1,146,088

 

$

1,067,083

 

Realized gain (loss) on investments

 

(338,801

)

367,035

 

11,463,640

 

8,656,415

 

(139,815

)

(2,812,882

)

Change in net unrealized appreciation (depreciation) on investments

 

4,284,417

 

3,609,961

 

26,068,951

 

9,086,964

 

3,716,496

 

4,918,192

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

8,481,974

 

8,980,590

 

41,185,321

 

22,487,192

 

4,722,769

 

3,172,393

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

9,458,757

 

9,502,292

 

49,409,576

 

38,141,441

 

3,976,603

 

4,973,666

 

Transfers between variable and fixed accounts, net

 

20,094,596

 

12,219,714

 

23,240,460

 

64,897,697

 

24,299

 

4,627,865

 

Contract benefits and terminations

 

(21,654,593

)

(17,385,944

)

(39,821,385

)

(28,873,191

)

(3,588,585

)

(4,706,097

)

Contract charges and deductions

 

(2,580,394

)

(2,588,344

)

(3,415,620

)

(2,576,925

)

(21,401

)

(21,847

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

(10,032

)

 

 

 

Other

 

(2,047

)

(1,772

)

(4,074

)

(27,644

)

8,317

 

(251

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

5,316,319

 

1,745,946

 

29,398,925

 

71,561,378

 

399,233

 

4,873,336

 

NET INCREASE (DECREASE) IN NET ASSETS

 

13,798,293

 

10,726,536

 

70,584,246

 

94,048,570

 

5,122,002

 

8,045,729

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

283,114,112

 

272,387,576

 

369,435,455

 

275,386,885

 

36,521,402

 

28,475,673

 

End of Year

 

$

296,912,405

 

$

283,114,112

 

$

440,019,701

 

$

369,435,455

 

$

41,643,404

 

$

36,521,402

 

 

See Notes to Financial Statements

 

H-34



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

MFS Value Series -

 

MFS Massachusetts Investors

 

Neuberger Berman U.S. Equity Index

 

 

 

Service Class

 

Growth Stock - Service Class

 

PutWrite Strategy Class S

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

717,800

 

$

741,554

 

$

(280,072

)

$

(283,776

)

$

(6,862

)

$

(3,681

)

Realized gain (loss) on investments

 

3,255,057

 

5,367,094

 

3,508,075

 

7,382,758

 

147

 

1,057

 

Change in net unrealized appreciation (depreciation) on investments

 

8,011,290

 

2,614,358

 

14,431,363

 

(3,658,539

)

33,496

 

3,680

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

11,984,147

 

8,723,006

 

17,659,366

 

3,440,443

 

26,781

 

1,056

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

3,867,462

 

2,695,567

 

1,292,344

 

1,395,078

 

211,094

 

136,005

 

Transfers between variable and fixed accounts, net

 

(2,045,293

)

(2,145,086

)

(6,231,452

)

(1,082,209

)

78,658

 

236,663

 

Contract benefits and terminations

 

(4,483,395

)

(3,862,758

)

(4,254,551

)

(3,729,510

)

(76,500

)

(5,151

)

Contract charges and deductions

 

(666,227

)

(646,408

)

(635,755

)

(611,395

)

(108

)

(69

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

103

 

 

Other

 

709

 

(487

)

530

 

592

 

(19

)

(19

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(3,326,744

)

(3,959,172

)

(9,828,884

)

(4,027,444

)

213,228

 

367,429

 

NET INCREASE (DECREASE) IN NET ASSETS

 

8,657,403

 

4,763,834

 

7,830,482

 

(587,001

)

240,009

 

368,485

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

74,782,485

 

70,018,651

 

68,909,823

 

69,496,824

 

412,716

 

44,231

 

End of Year

 

$

83,439,888

 

$

74,782,485

 

$

76,740,305

 

$

68,909,823

 

$

652,725

 

$

412,716

 

 

 

 

Oppenheimer Global Fund/VA

 

Oppenheimer International

 

PIMCO All Asset All

 

 

 

Service Shares

 

Growth Fund/VA Service Shares

 

Authority - Advisor Class

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(52,681

)

$

(7,940

)

$

(6,890

)

$

(9,958

)

$

157,551

 

$

67,895

 

Realized gain (loss) on investments

 

(10,479

)

60,798

 

(18,035

)

4,958

 

47,050

 

(535,339

)

Change in net unrealized appreciation (depreciation) on investments

 

2,339,866

 

42,223

 

1,371,925

 

(78,433

)

222,363

 

839,223

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

2,276,706

 

95,081

 

1,347,000

 

(83,433

)

426,964

 

371,779

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

4,523,005

 

185,883

 

3,083,803

 

1,069,291

 

42,909

 

469,566

 

Transfers between variable and fixed accounts, net

 

10,091,345

 

1,539,252

 

3,385,815

 

2,215,617

 

(787,430

)

1,494,495

 

Contract benefits and terminations

 

(579,834

)

(68,083

)

(505,268

)

(103,457

)

(342,285

)

(431,763

)

Contract charges and deductions

 

(1,504

)

(184

)

(1,482

)

(629

)

(635

)

(1,957

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

 

Other

 

(384

)

(151

)

(161

)

749

 

(93

)

76

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

14,032,628

 

1,656,717

 

5,962,707

 

3,181,571

 

(1,087,534

)

1,530,417

 

NET INCREASE (DECREASE) IN NET ASSETS

 

16,309,334

 

1,751,798

 

7,309,707

 

3,098,138

 

(660,570

)

1,902,196

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

1,856,673

 

104,875

 

3,397,657

 

299,519

 

4,902,835

 

3,000,639

 

End of Year

 

$

18,166,007

 

$

1,856,673

 

$

10,707,364

 

$

3,397,657

 

$

4,242,265

 

$

4,902,835

 

 

See Notes to Financial Statements

 

H-35



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

PIMCO CommodityRealReturn

 

 

 

 

 

 

 

Strategy - Advisor Class

 

Jennison Class II

 

SP International Growth Class II

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

677,875

 

$

(19,443

)

$

(5,765

)

$

(6,409

)

$

(3,112

)

$

(3,948

)

Realized gain (loss) on investments

 

(389,596

)

(1,280,712

)

229,102

 

34,038

 

99,371

 

11,845

 

Change in net unrealized appreciation (depreciation) on investments

 

(269,849

)

2,029,054

 

(120,462

)

(38,963

)

(39,618

)

(22,274

)

Net Increase (Decrease) in Net Assets Resulting from Operations

 

18,430

 

728,899

 

102,875

 

(11,334

)

56,641

 

(14,377

)

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

447,926

 

938,965

 

 

 

 

 

Transfers between variable and fixed accounts, net

 

(437,758

)

1,924,903

 

(269,359

)

 

(199,865

)

 

Contract benefits and terminations

 

(569,219

)

(532,215

)

(17,110

)

(40,180

)

(775

)

(30,768

)

Contract charges and deductions

 

(3,095

)

(1,935

)

(307

)

(361

)

(100

)

(163

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

 

Other

 

(25

)

534

 

128

 

(3

)

(716

)

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(562,171

)

2,330,252

 

(286,648

)

(40,544

)

(201,456

)

(30,931

)

NET INCREASE (DECREASE) IN NET ASSETS

 

(543,741

)

3,059,151

 

(183,773

)

(51,878

)

(144,815

)

(45,308

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

7,664,516

 

4,605,365

 

354,124

 

406,002

 

202,331

 

247,639

 

End of Year

 

$

7,120,775

 

$

7,664,516

 

$

170,351

 

$

354,124

 

$

57,516

 

$

202,331

 

 

 

 

SP Prudential

 

 

 

 

 

 

 

U.S. Emerging Growth Class II

 

Value Class II

 

Schwab VIT Balanced

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

(5,771

)

$

(6,228

)

$

(1,940

)

$

(2,513

)

$

320,122

 

$

234,159

 

Realized gain (loss) on investments

 

174,629

 

1

 

15,402

 

22,662

 

459,907

 

(46,249

)

Change in net unrealized appreciation (depreciation) on investments

 

(108,341

)

13,814

 

4,574

 

(4,467

)

4,116,922

 

1,952,537

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

60,517

 

7,587

 

18,036

 

15,682

 

4,896,951

 

2,140,447

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

 

 

 

 

7,610,602

 

8,722,068

 

Transfers between variable and fixed accounts, net

 

(324,648

)

 

(24,710

)

 

533,049

 

2,467,112

 

Contract benefits and terminations

 

 

(1,447

)

(2,370

)

(43,154

)

(6,576,831

)

(6,408,456

)

Contract charges and deductions

 

(202

)

(176

)

(269

)

(336

)

(290,106

)

(299,447

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

 

Other

 

240

 

(1

)

(15

)

(8

)

(187

)

406

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(324,610

)

(1,624

)

(27,364

)

(43,498

)

1,276,527

 

4,481,683

 

NET INCREASE (DECREASE) IN NET ASSETS

 

(264,093

)

5,963

 

(9,328

)

(27,816

)

6,173,478

 

6,622,130

 

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

375,455

 

369,492

 

139,067

 

166,883

 

52,603,578

 

45,981,448

 

End of Year

 

$

111,362

 

$

375,455

 

$

129,739

 

$

139,067

 

$

58,777,056

 

$

52,603,578

 

 

See Notes to Financial Statements

 

H-36



 

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS  (Continued)

 

 

 

Variable Accounts

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

Year Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

 

 

Schwab VIT

 

 

 

State Street

 

 

 

Balanced with Growth

 

Schwab VIT Growth

 

Total Return V.I.S. Class 3

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

 

$

975,509

 

$

778,968

 

$

1,008,645

 

$

906,689

 

$

2,135,509

 

$

1,414,033

 

Realized gain (loss) on investments

 

857,987

 

(174,882

)

708,562

 

(506,139

)

16,096,495

 

6,587,714

 

Change in net unrealized appreciation (depreciation) on investments

 

13,870,266

 

5,926,176

 

18,936,361

 

7,917,528

 

42,486,086

 

13,703,370

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

15,703,762

 

6,530,262

 

20,653,568

 

8,318,078

 

60,718,090

 

21,705,117

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments received from contract owners

 

11,242,585

 

16,815,572

 

9,198,248

 

14,380,647

 

15,043,369

 

14,307,155

 

Transfers between variable and fixed accounts, net

 

(1,591,915

)

(472,096

)

1,058,865

 

(1,995,016

)

(2,046,985

)

(8,165,613

)

Contract benefits and terminations

 

(10,436,255

)

(7,716,406

)

(12,428,121

)

(10,125,218

)

(56,581,630

)

(44,982,221

)

Contract charges and deductions

 

(713,738

)

(736,028

)

(945,293

)

(933,237

)

(4,472,483

)

(4,523,330

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

 

 

 

(6

)

Other

 

(137

)

7,770

 

261

 

3,624

 

10,694

 

2,444

 

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(1,499,460

)

7,898,812

 

(3,116,040

)

1,330,800

 

(48,047,035

)

(43,361,571

)

NET INCREASE (DECREASE) IN NET ASSETS

 

14,204,302

 

14,429,074

 

17,537,528

 

9,648,878

 

12,671,055

 

(21,656,454

)

NET ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of Year

 

122,988,482

 

108,559,408

 

126,342,860

 

116,693,982

 

465,604,170

 

487,260,624

 

End of Year

 

$

137,192,784

 

$

122,988,482

 

$

143,880,388

 

$

126,342,860

 

$

478,275,225

 

$

465,604,170

 

 

 

 

VanEck VIP

 

 

 

Global Hard Assets Class S

 

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS

 

 

 

 

 

Net investment income (loss)

 

$

(214,933

)

$

(171,931

)

Realized gain (loss) on investments

 

220,594

 

(2,154,653

)

Change in net unrealized appreciation (depreciation) on investments

 

(643,675

)

7,647,160

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

(638,014

)

5,320,576

 

INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS

 

 

 

 

 

Payments received from contract owners

 

1,357,314

 

1,581,590

 

Transfers between variable and fixed accounts, net

 

(2,883,955

)

6,762,757

 

Contract benefits and terminations

 

(1,756,592

)

(1,681,371

)

Contract charges and deductions

 

(6,694

)

(6,574

)

Adjustments to net assets allocated to contracts in payout (annuitization) period

 

 

 

Other

 

8,116

 

(417

)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions

 

(3,281,811

)

6,655,985

 

NET INCREASE (DECREASE) IN NET ASSETS

 

(3,919,825

)

11,976,561

 

NET ASSETS

 

 

 

 

 

Beginning of Year

 

21,129,905

 

9,153,344

 

End of Year

 

$

17,210,080

 

$

21,129,905

 

 

See Notes to Financial Statements

 

H-37



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS

 

A summary of accumulation unit values (“AUV”), units outstanding, net assets, investment income ratios, expense ratios, and total returns for each year or period ended December 31 are presented in the table below.  

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

Core Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.18

 

$

10.62

 

909,570

 

$

9,460,743

 

0.00

%

0.30

%

2.00

%

2.93

%

4.69

%

2016

 

9.89

 

10.16

 

537,638

 

5,386,512

 

0.00

%

0.30

%

2.00

%

3.37

%

4.82

%

05/04/2015 - 12/31/2015

 

9.60

 

9.69

 

202,529

 

1,951,849

 

0.00

%

0.40

%

1.80

%

(3.81

)%

(3.52

)%

Diversified Bond

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.74

 

$

16.03

 

11,361,172

 

$

146,494,032

 

0.00

%

0.30

%

2.00

%

4.77

%

6.45

%

2016

 

10.38

 

15.06

 

10,600,495

 

131,681,727

 

0.00

%

0.40

%

2.00

%

2.97

%

4.62

%

2015

 

10.06

 

14.40

 

9,631,150

 

116,601,479

 

0.00

%

0.40

%

2.00

%

(0.95

)%

0.65

%

2014

 

10.14

 

14.30

 

7,867,385

 

97,938,856

 

0.00

%

0.40

%

2.00

%

5.56

%

7.27

%

2013

 

9.59

 

13.34

 

5,953,785

 

71,664,212

 

0.00

%

0.40

%

2.00

%

(3.11

)%

(1.54

)%

Floating Rate Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.16

 

$

11.43

 

4,156,679

 

$

45,409,928

 

0.00

%

0.30

%

2.00

%

1.71

%

3.45

%

2016

 

10.14

 

11.06

 

3,946,049

 

42,106,982

 

0.00

%

0.30

%

2.00

%

6.24

%

7.95

%

2015

 

9.82

 

10.24

 

4,113,007

 

41,016,747

 

0.00

%

0.40

%

2.00

%

(1.13

)%

0.46

%

2014

 

9.93

 

10.20

 

2,870,210

 

28,792,880

 

0.00

%

0.40

%

2.00

%

(1.58

)%

0.01

%

05/02/2013 - 12/31/2013

 

10.09

 

10.20

 

1,578,956

 

15,991,878

 

0.00

%

0.40

%

2.00

%

1.89

%

1.89

%

Floating Rate Loan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.85

 

$

13.12

 

11,430,365

 

$

122,543,301

 

0.00

%

0.30

%

2.00

%

1.87

%

3.62

%

2016

 

9.67

 

12.72

 

11,374,699

 

118,540,100

 

0.00

%

0.30

%

2.00

%

7.48

%

9.21

%

2015

 

9.00

 

11.69

 

10,911,306

 

104,647,513

 

0.00

%

0.40

%

2.00

%

(2.97

)%

(1.41

)%

2014

 

9.27

 

11.90

 

11,640,525

 

113,905,372

 

0.00

%

0.40

%

2.00

%

(1.16

)%

0.44

%

2013

 

9.38

 

11.89

 

12,573,990

 

122,977,580

 

0.00

%

0.40

%

2.00

%

2.46

%

4.11

%

High Yield Bond

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.38

 

$

25.73

 

10,424,807

 

$

185,037,902

 

0.00

%

0.30

%

2.00

%

5.62

%

7.32

%

2016

 

10.59

 

24.06

 

11,179,748

 

193,712,176

 

0.00

%

0.40

%

2.00

%

13.09

%

14.91

%

2015

 

9.34

 

21.15

 

10,644,545

 

167,899,512

 

0.00

%

0.40

%

2.00

%

(6.53

)%

(5.02

)%

2014

 

9.97

 

22.49

 

12,538,751

 

218,117,779

 

0.00

%

0.40

%

2.00

%

(1.61

)%

(0.03

)%

2013

 

10.12

 

22.72

 

13,354,751

 

247,759,040

 

0.00

%

0.40

%

2.00

%

5.12

%

6.82

%

Inflation Managed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.02

 

$

23.21

 

12,265,881

 

$

204,083,093

 

0.00

%

0.30

%

2.00

%

1.63

%

3.37

%

2016

 

8.85

 

22.70

 

12,952,814

 

216,884,736

 

0.00

%

0.30

%

2.00

%

3.04

%

4.70

%

2015

 

8.57

 

21.90

 

14,396,686

 

237,158,579

 

0.00

%

0.40

%

2.00

%

(4.98

)%

(3.45

)%

2014

 

9.01

 

22.91

 

16,408,857

 

288,136,780

 

0.00

%

0.40

%

2.00

%

1.07

%

2.70

%

2013

 

8.90

 

22.53

 

18,700,934

 

331,929,604

 

0.00

%

0.40

%

2.00

%

(10.72

)%

(9.28

)%

Inflation Strategy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

8.60

 

$

10.46

 

1,550,670

 

$

14,710,068

 

0.00

%

0.30

%

1.95

%

1.16

%

2.84

%

2016

 

8.49

 

10.18

 

1,502,436

 

14,002,168

 

0.00

%

0.30

%

2.00

%

(0.10

)%

1.45

%

2015

 

8.49

 

10.04

 

1,778,734

 

16,567,266

 

0.00

%

0.40

%

2.00

%

(5.12

)%

(3.59

)%

2014

 

8.93

 

10.41

 

1,846,716

 

18,164,176

 

0.00

%

0.40

%

2.00

%

0.30

%

1.92

%

2013

 

8.90

 

10.22

 

1,732,071

 

17,061,445

 

0.00

%

0.40

%

2.00

%

(11.26

)%

(9.83

)%

Managed Bond

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.00

 

$

25.80

 

22,936,556

 

$

402,527,859

 

0.00

%

0.30

%

2.00

%

2.65

%

4.30

%

2016

 

9.72

 

24.98

 

23,644,535

 

416,030,223

 

0.00

%

0.40

%

2.00

%

0.84

%

2.46

%

2015

 

9.62

 

24.63

 

25,570,067

 

456,389,626

 

0.00

%

0.40

%

2.00

%

(1.43

)%

0.16

%

2014

 

9.74

 

24.84

 

27,274,650

 

507,099,017

 

0.00

%

0.40

%

2.00

%

2.36

%

4.02

%

2013

 

9.50

 

24.12

 

29,675,668

 

561,031,229

 

0.00

%

0.40

%

2.00

%

(4.14

)%

(2.60

)%

Short Duration Bond

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.56

 

$

12.35

 

30,998,708

 

$

319,786,586

 

0.00

%

0.30

%

2.00

%

(0.74

)%

0.95

%

2016

 

9.61

 

12.25

 

29,768,754

 

307,361,924

 

0.00

%

0.30

%

2.00

%

(0.32

)%

1.28

%

2015

 

9.62

 

12.09

 

30,136,225

 

309,455,423

 

0.00

%

0.40

%

2.00

%

(1.67

)%

(0.09

)%

2014

 

9.77

 

12.10

 

27,852,528

 

288,412,711

 

0.00

%

0.40

%

2.00

%

(1.32

)%

0.27

%

2013

 

9.88

 

12.07

 

21,720,887

 

227,410,380

 

0.00

%

0.40

%

2.00

%

(1.59

)%

0.00

%

Emerging Markets Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.37

 

$

12.31

 

2,013,734

 

$

22,825,282

 

0.00

%

0.30

%

2.00

%

10.86

%

12.64

%

2016

 

9.34

 

10.93

 

1,407,822

 

14,351,136

 

0.00

%

0.40

%

2.00

%

14.71

%

16.55

%

2015

 

8.13

 

9.37

 

1,216,076

 

10,762,394

 

0.00

%

0.40

%

2.00

%

(6.32

)%

(4.80

)%

2014

 

8.66

 

9.85

 

1,292,439

 

12,220,073

 

0.00

%

0.40

%

2.00

%

(5.73

)%

(4.21

)%

2013

 

9.16

 

10.28

 

1,194,460

 

11,993,623

 

0.00

%

0.40

%

2.00

%

(8.29

)%

(6.81

)%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-38



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

Comstock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.89

 

$

25.54

 

10,246,575

 

$

209,743,589

 

0.00

%

0.30

%

2.00

%

15.44

%

17.29

%

2016

 

13.56

 

21.77

 

11,122,907

 

196,799,642

 

0.00

%

0.40

%

2.00

%

15.18

%

17.03

%

2015

 

11.75

 

18.60

 

12,153,511

 

185,376,884

 

0.00

%

0.40

%

2.00

%

(7.91

)%

(6.42

)%

2014

 

12.73

 

19.88

 

11,966,564

 

196,340,110

 

0.00

%

0.40

%

2.00

%

7.00

%

8.72

%

2013

 

11.87

 

18.29

 

11,447,823

 

174,677,910

 

0.00

%

0.40

%

2.00

%

32.90

%

35.04

%

Developing Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.99

 

$

21.11

 

5,581,503

 

$

96,784,780

 

0.00

%

0.30

%

2.00

%

27.65

%

29.70

%

2016

 

10.44

 

16.35

 

6,224,494

 

84,377,998

 

0.00

%

0.40

%

2.00

%

(4.39

)%

(2.85

)%

2015

 

10.90

 

17.04

 

6,746,976

 

96,302,632

 

0.00

%

0.40

%

2.00

%

(10.17

)%

(8.72

)%

2014

 

12.10

 

18.90

 

6,271,917

 

100,062,089

 

0.00

%

0.40

%

2.00

%

(1.62

)%

(0.03

)%

2013

 

12.28

 

19.14

 

6,164,941

 

102,133,663

 

0.00

%

0.40

%

2.00

%

31.22

%

33.33

%

Dividend Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.26

 

$

25.52

 

14,677,356

 

$

298,908,323

 

0.00

%

0.30

%

2.00

%

16.72

%

18.60

%

2016

 

13.95

 

21.52

 

15,083,139

 

265,325,367

 

0.00

%

0.40

%

2.00

%

9.26

%

11.02

%

2015

 

12.74

 

19.38

 

14,269,953

 

230,776,564

 

0.00

%

0.40

%

2.00

%

0.07

%

1.68

%

2014

 

12.71

 

19.06

 

14,320,749

 

233,418,326

 

0.00

%

0.40

%

2.00

%

9.88

%

11.66

%

2013

 

11.54

 

17.07

 

12,485,340

 

187,266,400

 

0.00

%

0.40

%

2.00

%

27.54

%

29.59

%

Equity Index

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.37

 

$

45.10

 

35,402,014

 

$

774,542,663

 

0.00

%

0.30

%

2.00

%

19.08

%

21.12

%

2016

 

10.23

 

37.65

 

29,000,838

 

566,929,068

 

0.00

%

0.30

%

2.00

%

9.41

%

11.17

%

2015

 

12.92

 

34.20

 

24,992,385

 

473,313,135

 

0.00

%

0.40

%

2.00

%

(0.86

)%

0.74

%

2014

 

13.00

 

34.30

 

20,476,046

 

426,919,302

 

0.00

%

0.40

%

2.00

%

11.14

%

12.93

%

2013

 

11.68

 

30.67

 

15,346,208

 

325,696,639

 

0.00

%

0.40

%

2.00

%

29.31

%

31.39

%

Focused Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

13.14

 

$

44.85

 

5,314,062

 

$

129,578,140

 

0.00

%

0.30

%

2.00

%

26.94

%

28.98

%

2016

 

12.92

 

34.77

 

5,171,075

 

100,426,734

 

0.00

%

0.40

%

2.00

%

0.32

%

1.94

%

2015

 

12.87

 

34.11

 

5,857,301

 

115,422,573

 

0.00

%

0.40

%

2.00

%

7.91

%

9.65

%

2014

 

11.92

 

31.11

 

4,698,502

 

88,243,974

 

0.00

%

0.40

%

2.00

%

7.90

%

9.64

%

2013

 

11.04

 

28.37

 

4,944,510

 

87,944,691

 

0.00

%

0.40

%

2.00

%

30.87

%

32.98

%

Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.87

 

$

50.44

 

7,279,286

 

$

241,794,590

 

0.00

%

0.30

%

2.00

%

29.05

%

31.12

%

2016

 

14.03

 

38.86

 

6,975,730

 

192,689,145

 

0.00

%

0.40

%

2.00

%

0.19

%

1.81

%

2015

 

13.97

 

38.55

 

7,579,783

 

212,697,199

 

0.00

%

0.40

%

2.00

%

5.33

%

7.03

%

2014

 

13.24

 

36.38

 

7,115,425

 

206,430,326

 

0.00

%

0.40

%

2.00

%

6.72

%

8.44

%

2013

 

12.38

 

33.88

 

7,785,827

 

216,345,098

 

0.00

%

0.40

%

2.00

%

31.55

%

33.67

%

Large-Cap Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

13.53

 

$

27.38

 

8,806,973

 

$

154,330,909

 

0.00

%

0.30

%

2.00

%

31.05

%

33.16

%

2016

 

10.90

 

20.63

 

8,541,364

 

112,315,118

 

0.00

%

0.40

%

2.00

%

(1.48

)%

0.11

%

2015

 

11.03

 

20.68

 

10,793,794

 

141,766,374

 

0.00

%

0.40

%

2.00

%

3.99

%

5.67

%

2014

 

10.58

 

19.64

 

9,721,265

 

119,819,928

 

0.00

%

0.40

%

2.00

%

6.28

%

8.00

%

2013

 

9.93

 

18.25

 

10,447,687

 

118,896,374

 

0.00

%

0.40

%

2.00

%

34.76

%

36.93

%

Large-Cap Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.89

 

$

26.77

 

9,827,960

 

$

214,499,954

 

0.00

%

0.30

%

2.00

%

11.70

%

13.61

%

2016

 

10.14

 

23.82

 

10,454,979

 

207,532,086

 

0.00

%

0.30

%

2.00

%

10.64

%

12.42

%

2015

 

12.19

 

21.41

 

11,304,558

 

203,851,947

 

0.00

%

0.40

%

2.00

%

(4.91

)%

(3.37

)%

2014

 

12.80

 

22.38

 

11,691,612

 

224,546,335

 

0.00

%

0.40

%

2.00

%

9.29

%

11.06

%

2013

 

11.69

 

20.35

 

13,007,529

 

232,345,834

 

0.00

%

0.40

%

2.00

%

29.64

%

31.73

%

Long/Short Large-Cap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.31

 

$

24.15

 

1,685,079

 

$

31,429,523

 

0.00

%

0.30

%

2.00

%

19.40

%

21.32

%

2016

 

13.85

 

19.98

 

1,771,305

 

27,808,078

 

0.00

%

0.40

%

2.00

%

7.03

%

8.75

%

2015

 

12.92

 

18.44

 

2,207,014

 

32,334,290

 

0.00

%

0.40

%

2.00

%

(4.75

)%

(3.21

)%

2014

 

13.53

 

19.12

 

2,777,840

 

42,599,634

 

0.00

%

0.40

%

2.00

%

13.24

%

15.06

%

2013

 

11.94

 

16.67

 

2,048,217

 

27,702,491

 

0.00

%

0.40

%

2.00

%

32.45

%

34.59

%

Main Street Core

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.94

 

$

36.17

 

10,697,448

 

$

288,946,584

 

0.00

%

0.30

%

2.00

%

14.77

%

16.62

%

2016

 

14.52

 

31.33

 

11,790,047

 

280,082,160

 

0.00

%

0.40

%

2.00

%

9.62

%

11.38

%

2015

 

13.22

 

28.41

 

12,299,542

 

273,304,962

 

0.00

%

0.40

%

2.00

%

1.31

%

2.94

%

2014

 

13.02

 

27.88

 

13,482,903

 

298,795,934

 

0.00

%

0.40

%

2.00

%

8.62

%

10.37

%

2013

 

11.97

 

25.51

 

13,660,686

 

290,364,313

 

0.00

%

0.40

%

2.00

%

29.16

%

31.24

%

 

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-39



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

Mid-Cap Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.64

 

$

43.78

 

7,230,346

 

$

221,541,017

 

0.00

%

0.30

%

2.00

%

21.82

%

23.78

%

2016

 

14.46

 

35.73

 

7,115,623

 

191,476,971

 

0.00

%

0.40

%

2.00

%

16.09

%

17.95

%

2015

 

12.43

 

30.59

 

7,793,970

 

184,789,748

 

0.00

%

0.40

%

2.00

%

(0.45

)%

1.16

%

2014

 

12.46

 

30.55

 

7,570,388

 

186,790,080

 

0.00

%

0.40

%

2.00

%

2.16

%

3.81

%

2013

 

12.17

 

29.72

 

8,152,360

 

202,234,165

 

0.00

%

0.40

%

2.00

%

33.52

%

35.67

%

Mid-Cap Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.89

 

$

22.91

 

11,487,278

 

$

208,391,053

 

0.00

%

0.30

%

2.00

%

24.98

%

26.98

%

2016

 

11.49

 

18.28

 

11,905,807

 

173,111,392

 

0.00

%

0.40

%

2.00

%

4.17

%

5.85

%

2015

 

10.99

 

17.51

 

12,839,293

 

178,825,887

 

0.00

%

0.40

%

2.00

%

(7.60

)%

(6.10

)%

2014

 

11.85

 

18.90

 

12,436,715

 

187,421,926

 

0.00

%

0.40

%

2.00

%

6.35

%

8.06

%

2013

 

11.11

 

17.73

 

11,877,388

 

168,244,635

 

0.00

%

0.40

%

2.00

%

30.45

%

32.56

%

Mid-Cap Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.64

 

$

31.64

 

4,455,306

 

$

95,753,067

 

0.00

%

0.30

%

2.00

%

13.18

%

15.12

%

2016

 

10.13

 

27.51

 

4,289,298

 

84,417,787

 

0.00

%

0.30

%

2.00

%

13.01

%

14.83

%

2015

 

12.06

 

23.96

 

4,157,481

 

73,520,578

 

0.00

%

0.40

%

2.00

%

(2.35

)%

(0.77

)%

2014

 

12.32

 

24.15

 

3,863,801

 

73,748,731

 

0.00

%

0.40

%

2.00

%

4.39

%

6.07

%

2013

 

11.78

 

22.76

 

4,034,424

 

81,008,696

 

0.00

%

0.40

%

2.00

%

31.25

%

33.36

%

Small-Cap Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.17

 

$

32.14

 

2,458,757

 

$

51,461,956

 

0.00

%

0.30

%

2.00

%

6.57

%

8.29

%

2016

 

14.44

 

29.68

 

2,588,225

 

52,954,215

 

0.00

%

0.40

%

2.00

%

27.85

%

29.90

%

2015

 

11.28

 

22.85

 

2,110,604

 

34,326,114

 

0.00

%

0.40

%

2.00

%

(9.71

)%

(8.25

)%

2014

 

12.46

 

24.90

 

2,143,342

 

40,012,270

 

0.00

%

0.40

%

2.00

%

(0.30

)%

1.31

%

2013

 

12.48

 

24.58

 

2,166,994

 

42,926,309

 

0.00

%

0.40

%

2.00

%

32.77

%

34.91

%

Small-Cap Index

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.15

 

$

33.40

 

9,016,533

 

$

211,161,458

 

0.00

%

0.30

%

2.00

%

11.81

%

13.72

%

2016

 

10.34

 

29.40

 

8,065,207

 

181,325,886

 

0.00

%

0.30

%

2.00

%

18.28

%

20.18

%

2015

 

11.99

 

24.46

 

8,181,276

 

160,293,067

 

0.00

%

0.40

%

2.00

%

(6.81

)%

(5.31

)%

2014

 

12.84

 

25.84

 

7,980,617

 

173,523,873

 

0.00

%

0.40

%

2.00

%

2.32

%

3.97

%

2013

 

12.52

 

25.09

 

8,845,127

 

196,104,294

 

0.00

%

0.40

%

2.00

%

35.54

%

37.72

%

Small-Cap Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.09

 

$

51.24

 

4,675,161

 

$

129,260,288

 

0.00

%

0.30

%

2.00

%

6.51

%

8.33

%

2016

 

10.26

 

47.35

 

4,792,527

 

131,490,936

 

0.00

%

0.30

%

2.00

%

27.04

%

29.08

%

2015

 

11.68

 

36.68

 

4,475,846

 

101,059,861

 

0.00

%

0.40

%

2.00

%

(6.23

)%

(4.72

)%

2014

 

12.43

 

38.50

 

4,468,595

 

113,891,722

 

0.00

%

0.40

%

2.00

%

3.55

%

5.22

%

2013

 

11.98

 

36.59

 

4,318,808

 

113,335,590

 

0.00

%

0.40

%

2.00

%

29.87

%

31.96

%

Value Advantage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.61

 

$

16.61

 

1,902,695

 

$

30,256,764

 

0.00

%

0.30

%

2.00

%

12.06

%

13.98

%

2016

 

10.21

 

14.59

 

1,741,400

 

24,600,438

 

0.00

%

0.30

%

2.00

%

14.24

%

16.02

%

2015

 

12.06

 

12.57

 

1,113,936

 

13,703,933

 

0.00

%

0.40

%

2.00

%

(6.53

)%

(5.07

)%

2014

 

12.90

 

13.24

 

1,205,836

 

15,719,763

 

0.00

%

0.40

%

2.00

%

11.88

%

13.69

%

05/08/2013 - 12/31/2013

 

11.53

 

11.65

 

296,624

 

3,433,029

 

0.00

%

0.40

%

2.00

%

13.62

%

13.62

%

Emerging Markets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.24

 

$

72.35

 

9,314,917

 

$

211,020,836

 

0.00

%

0.30

%

2.00

%

31.86

%

34.11

%

2016

 

8.38

 

54.00

 

8,497,788

 

157,344,732

 

0.00

%

0.30

%

2.00

%

4.36

%

6.04

%

2015

 

8.00

 

50.92

 

8,604,350

 

162,136,807

 

0.00

%

0.40

%

2.00

%

(15.75

)%

(14.39

)%

2014

 

9.47

 

59.48

 

7,960,255

 

191,527,985

 

0.00

%

0.40

%

2.00

%

(6.88

)%

(5.37

)%

2013

 

10.13

 

62.86

 

7,556,620

 

211,779,913

 

0.00

%

0.40

%

2.00

%

6.59

%

8.31

%

International Large-Cap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.46

 

$

26.09

 

17,360,973

 

$

274,976,261

 

0.00

%

0.30

%

2.00

%

24.99

%

27.00

%

2016

 

9.97

 

20.54

 

19,170,325

 

242,468,735

 

0.00

%

0.40

%

2.00

%

(2.05

)%

(0.47

)%

2015

 

10.16

 

20.64

 

20,108,329

 

258,982,186

 

0.00

%

0.40

%

2.00

%

(2.41

)%

(0.83

)%

2014

 

10.39

 

20.82

 

19,136,509

 

251,422,219

 

0.00

%

0.40

%

2.00

%

(6.90

)%

(5.40

)%

2013

 

11.14

 

22.01

 

17,765,197

 

249,879,827

 

0.00

%

0.40

%

2.00

%

16.08

%

17.95

%

International Small-Cap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

13.45

 

$

21.67

 

3,211,943

 

$

48,215,389

 

0.00

%

0.30

%

2.00

%

29.31

%

31.39

%

2016

 

10.52

 

16.55

 

3,378,509

 

38,784,671

 

0.00

%

0.40

%

2.00

%

1.38

%

3.01

%

2015

 

10.37

 

16.12

 

4,128,852

 

46,189,477

 

0.00

%

0.40

%

2.00

%

4.32

%

6.00

%

2014

 

9.93

 

15.26

 

3,581,772

 

38,126,956

 

0.00

%

0.40

%

2.00

%

(4.35

)%

(2.81

)%

2013

 

10.38

 

15.76

 

3,716,757

 

40,940,494

 

0.00

%

0.40

%

2.00

%

25.55

%

27.58

%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-40



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

International Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

7.93

 

$

15.12

 

9,834,920

 

$

126,982,696

 

0.00

%

0.30

%

2.00

%

19.17

%

21.21

%

2016

 

6.65

 

12.61

 

10,851,608

 

116,712,247

 

0.00

%

0.30

%

2.00

%

0.94

%

2.57

%

2015

 

6.58

 

12.42

 

11,850,630

 

124,962,971

 

0.00

%

0.40

%

2.00

%

(4.56

)%

(3.02

)%

2014

 

6.90

 

12.94

 

11,972,895

 

132,274,052

 

0.00

%

0.40

%

2.00

%

(12.32

)%

(10.90

)%

2013

 

7.86

 

14.66

 

12,295,784

 

155,154,489

 

0.00

%

0.40

%

2.00

%

19.27

%

21.20

%

Health Sciences

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.38

 

$

56.24

 

8,438,143

 

$

265,861,240

 

0.00

%

0.30

%

2.00

%

21.52

%

23.47

%

2016

 

15.41

 

45.55

 

8,528,700

 

231,374,915

 

0.00

%

0.40

%

2.00

%

(7.83

)%

(6.35

)%

2015

 

16.68

 

48.64

 

9,590,591

 

294,158,776

 

0.00

%

0.40

%

2.00

%

7.42

%

9.15

%

2014

 

15.50

 

44.56

 

7,782,064

 

246,319,734

 

0.00

%

0.40

%

2.00

%

22.07

%

24.04

%

2013

 

12.67

 

35.92

 

6,841,747

 

193,698,320

 

0.00

%

0.40

%

2.00

%

53.39

%

55.87

%

Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.84

 

$

53.42

 

6,555,664

 

$

153,948,997

 

0.00

%

0.30

%

2.00

%

1.20

%

2.82

%

2016

 

12.03

 

52.48

 

6,779,063

 

164,758,555

 

0.00

%

0.40

%

2.00

%

4.49

%

6.17

%

2015

 

11.49

 

49.92

 

7,069,795

 

170,895,322

 

0.00

%

0.40

%

2.00

%

(0.49

)%

1.12

%

2014

 

11.53

 

49.87

 

7,643,739

 

198,490,741

 

0.00

%

0.40

%

2.00

%

28.01

%

30.07

%

2013

 

8.99

 

38.72

 

6,360,107

 

143,014,249

 

0.00

%

0.40

%

2.00

%

(0.30

)%

1.31

%

Technology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

8.80

 

$

18.15

 

7,597,226

 

$

102,089,215

 

0.00

%

0.30

%

2.00

%

36.05

%

38.23

%

2016

 

6.45

 

13.31

 

6,864,188

 

66,534,514

 

0.00

%

0.40

%

2.00

%

(8.46

)%

(6.98

)%

2015

 

7.03

 

14.50

 

7,425,818

 

76,611,922

 

0.00

%

0.40

%

2.00

%

(4.96

)%

(3.43

)%

2014

 

7.38

 

15.22

 

6,834,234

 

71,346,045

 

0.00

%

0.40

%

2.00

%

7.68

%

9.41

%

2013

 

6.83

 

14.10

 

6,620,742

 

62,092,547

 

0.00

%

0.40

%

2.00

%

20.07

%

22.01

%

Currency Strategies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.63

 

$

10.66

 

343,749

 

$

3,469,669

 

0.00

%

0.30

%

2.00

%

(5.49

)%

(3.97

)%

2016

 

10.35

 

11.10

 

394,322

 

4,184,452

 

0.00

%

0.40

%

2.00

%

2.81

%

4.46

%

2015

 

10.05

 

10.63

 

319,034

 

3,272,258

 

0.00

%

0.40

%

2.00

%

(0.58

)%

1.02

%

2014

 

10.08

 

10.52

 

362,954

 

3,718,503

 

0.00

%

0.40

%

2.00

%

1.48

%

3.12

%

2013

 

9.92

 

10.20

 

233,463

 

2,343,934

 

0.00

%

0.40

%

2.00

%

1.67

%

2.54

%

Diversified Alternatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.89

 

$

11.26

 

173,500

 

$

1,918,737

 

0.00

%

0.40

%

1.95

%

5.85

%

7.29

%

2016

 

10.33

 

10.49

 

76,524

 

795,736

 

0.00

%

0.40

%

1.75

%

3.78

%

4.30

%

11/03/2015 - 12/31/2015

 

9.96

 

9.97

 

2,553

 

25,457

 

0.00

%

1.15

%

1.65

%

(0.75

)%

(0.75

)%

Equity Long/Short

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.90

 

$

14.97

 

1,124,089

 

$

16,386,007

 

0.00

%

0.30

%

2.00

%

14.87

%

16.83

%

2016

 

10.21

 

12.83

 

938,849

 

11,856,347

 

0.00

%

0.30

%

2.00

%

9.08

%

10.84

%

05/12/2015 - 12/31/2015

 

11.45

 

11.57

 

605,540

 

6,961,742

 

0.00

%

0.40

%

2.00

%

14.16

%

14.75

%

Global Absolute Return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.73

 

$

11.71

 

1,073,567

 

$

11,891,508

 

0.00

%

0.30

%

2.00

%

4.26

%

6.04

%

2016

 

10.17

 

11.05

 

958,371

 

10,122,150

 

0.00

%

0.30

%

2.00

%

2.58

%

4.23

%

2015

 

9.99

 

10.60

 

974,965

 

9,964,329

 

0.00

%

0.40

%

2.00

%

0.65

%

2.28

%

2014

 

9.90

 

10.37

 

839,425

 

8,471,478

 

0.00

%

0.40

%

2.00

%

3.93

%

5.61

%

2013

 

9.52

 

9.82

 

609,758

 

5,895,675

 

0.00

%

0.40

%

2.00

%

(2.87

)%

(1.55

)%

Pacific Dynamix - Conservative Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.59

 

$

18.38

 

34,531,502

 

$

491,604,838

 

0.00

%

0.30

%

2.00

%

7.77

%

9.50

%

2016

 

10.90

 

16.78

 

34,779,910

 

464,351,611

 

0.00

%

0.40

%

2.00

%

4.73

%

6.41

%

2015

 

10.39

 

15.77

 

31,204,973

 

401,332,027

 

0.00

%

0.40

%

2.00

%

(3.06

)%

(1.49

)%

2014

 

10.69

 

16.01

 

28,547,036

 

389,308,839

 

0.00

%

0.40

%

2.00

%

3.41

%

5.08

%

2013

 

10.32

 

15.23

 

22,210,972

 

305,886,551

 

0.00

%

0.40

%

2.00

%

7.22

%

8.95

%

Pacific Dynamix - Moderate Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.84

 

$

21.33

 

142,605,677

 

$

2,214,319,925

 

0.00

%

0.30

%

2.00

%

11.54

%

13.45

%

2016

 

10.17

 

18.82

 

131,642,580

 

1,858,370,366

 

0.00

%

0.30

%

2.00

%

6.31

%

8.02

%

2015

 

10.68

 

17.42

 

122,652,930

 

1,647,867,563

 

0.00

%

0.40

%

2.00

%

(3.79

)%

(2.24

)%

2014

 

11.08

 

17.82

 

101,334,168

 

1,454,786,286

 

0.00

%

0.40

%

2.00

%

3.44

%

5.11

%

2013

 

10.69

 

16.96

 

72,116,068

 

1,062,562,189

 

0.00

%

0.40

%

2.00

%

12.67

%

14.49

%

Pacific Dynamix - Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.10

 

$

24.59

 

36,584,813

 

$

681,743,289

 

0.00

%

0.30

%

2.00

%

15.20

%

17.05

%

2016

 

10.21

 

21.01

 

34,116,830

 

559,105,960

 

0.00

%

0.40

%

2.00

%

8.00

%

9.73

%

2015

 

11.01

 

19.15

 

34,271,476

 

522,517,660

 

0.00

%

0.40

%

2.00

%

(4.38

)%

(2.84

)%

2014

 

11.49

 

19.71

 

29,236,740

 

480,533,918

 

0.00

%

0.40

%

2.00

%

3.34

%

5.01

%

2013

 

11.10

 

18.77

 

22,985,415

 

384,937,974

 

0.00

%

0.40

%

2.00

%

18.59

%

20.50

%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-41



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

Portfolio Optimization Conservative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.37

 

$

12.91

 

140,870,741

 

$

1,684,288,523

 

0.00

%

0.30

%

2.00

%

5.25

%

7.05

%

2016

 

10.11

 

12.07

 

165,728,474

 

1,873,697,960

 

0.00

%

0.30

%

2.00

%

3.74

%

5.41

%

2015

 

9.86

 

11.45

 

182,843,503

 

1,983,939,781

 

0.00

%

0.40

%

2.00

%

(2.01

)%

(0.43

)%

2014

 

10.04

 

11.50

 

205,287,616

 

2,264,290,057

 

0.00

%

0.40

%

2.00

%

1.34

%

2.98

%

2013

 

9.89

 

11.17

 

245,462,519

 

2,661,142,037

 

0.00

%

0.40

%

2.00

%

1.00

%

2.62

%

Portfolio Optimization Moderate- Conservative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.61

 

$

14.02

 

211,675,881

 

$

2,738,883,461

 

0.00

%

0.30

%

2.00

%

8.60

%

10.35

%

2016

 

10.78

 

12.75

 

239,465,540

 

2,839,652,691

 

0.00

%

0.40

%

2.00

%

4.68

%

6.36

%

2015

 

10.28

 

12.03

 

270,360,491

 

3,047,900,125

 

0.00

%

0.40

%

2.00

%

(2.38

)%

(0.81

)%

2014

 

10.51

 

12.22

 

305,930,571

 

3,516,980,488

 

0.00

%

0.40

%

2.00

%

1.97

%

3.62

%

2013

 

10.28

 

11.94

 

345,001,217

 

3,874,129,402

 

0.00

%

0.40

%

2.00

%

6.02

%

7.73

%

Portfolio Optimization Moderate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.78

 

$

15.35

 

807,845,322

 

$

11,150,490,771

 

0.00

%

0.30

%

2.00

%

10.98

%

12.88

%

2016

 

10.16

 

13.66

 

911,170,206

 

11,277,155,614

 

0.00

%

0.30

%

2.00

%

5.95

%

7.65

%

2015

 

10.64

 

12.79

 

1,021,212,696

 

11,871,745,564

 

0.00

%

0.40

%

2.00

%

(2.33

)%

(0.76

)%

2014

 

10.87

 

13.05

 

1,159,837,591

 

13,740,334,379

 

0.00

%

0.40

%

2.00

%

2.55

%

4.20

%

2013

 

10.58

 

12.67

 

1,285,525,918

 

14,788,807,261

 

0.00

%

0.40

%

2.00

%

10.51

%

12.29

%

Portfolio Optimization Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.82

 

$

16.76

 

645,370,093

 

$

9,470,596,190

 

0.00

%

0.30

%

2.00

%

14.09

%

16.04

%

2016

 

10.18

 

14.59

 

731,102,068

 

9,362,255,525

 

0.00

%

0.30

%

2.00

%

6.66

%

8.38

%

2015

 

11.02

 

13.63

 

827,906,037

 

9,892,294,042

 

0.00

%

0.40

%

2.00

%

(2.30

)%

(0.73

)%

2014

 

11.26

 

13.89

 

933,704,292

 

11,365,570,598

 

0.00

%

0.40

%

2.00

%

3.00

%

4.67

%

2013

 

10.92

 

13.43

 

1,054,534,340

 

12,402,071,707

 

0.00

%

0.40

%

2.00

%

15.14

%

16.99

%

Portfolio Optimization Aggressive-Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.06

 

$

17.83

 

132,519,299

 

$

1,996,079,978

 

0.00

%

0.30

%

2.00

%

16.25

%

18.12

%

2016

 

12.05

 

15.27

 

150,050,357

 

1,935,350,732

 

0.00

%

0.40

%

2.00

%

7.17

%

8.89

%

2015

 

11.22

 

14.20

 

168,893,013

 

2,023,332,419

 

0.00

%

0.40

%

2.00

%

(2.87

)%

(1.31

)%

2014

 

11.53

 

14.56

 

189,654,485

 

2,328,709,665

 

0.00

%

0.40

%

2.00

%

3.20

%

4.87

%

2013

 

11.16

 

14.05

 

215,616,870

 

2,554,103,277

 

0.00

%

0.40

%

2.00

%

18.47

%

20.38

%

PSF DFA Balanced Allocation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.84

 

$

11.83

 

8,143,033

 

$

94,769,463

 

0.00

%

0.30

%

2.00

%

10.75

%

12.53

%

05/03/2016 - 12/31/2016

 

10.40

 

10.51

 

3,046,252

 

31,822,324

 

0.00

%

0.40

%

2.00

%

4.78

%

4.78

%

Invesco V.I. Balanced-Risk Allocation Series II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.60

 

$

20.70

 

25,137,938

 

$

400,851,209

 

3.72

%

0.30

%

2.00

%

7.66

%

9.50

%

2016

 

10.15

 

18.92

 

27,202,624

 

411,438,619

 

0.20

%

0.30

%

2.00

%

9.31

%

11.07

%

2015

 

9.56

 

17.04

 

25,599,218

 

360,382,294

 

3.73

%

0.40

%

2.00

%

(6.29

)%

(4.78

)%

2014

 

10.18

 

17.89

 

26,922,812

 

413,669,967

 

0.00

%

0.40

%

2.00

%

3.62

%

5.29

%

2013

 

9.80

 

16.99

 

27,094,830

 

416,315,944

 

1.46

%

0.40

%

2.00

%

(0.59

)%

1.01

%

Invesco V.I. Equity and Income Series II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.18

 

$

12.98

 

3,319,215

 

$

41,292,384

 

1.44

%

0.30

%

2.00

%

8.59

%

10.34

%

2016

 

11.17

 

11.77

 

3,032,859

 

34,520,360

 

1.73

%

0.40

%

2.00

%

12.57

%

14.38

%

2015

 

9.82

 

10.29

 

1,873,018

 

18,778,909

 

2.96

%

0.40

%

2.00

%

(4.51

)%

(2.97

)%

05/06/2014 - 12/31/2014

 

10.17

 

10.60

 

596,467

 

6,263,393

 

2.19

%

0.40

%

2.00

%

6.17

%

6.17

%

Invesco V.I. Global Real Estate Series II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.28

 

$

11.64

 

566,539

 

$

5,943,149

 

3.36

%

0.30

%

2.00

%

10.50

%

12.39

%

2016

 

9.30

 

10.36

 

397,040

 

3,734,563

 

1.79

%

0.30

%

2.00

%

(0.19

)%

1.41

%

05/04/2015 - 12/31/2015

 

9.32

 

9.42

 

195,856

 

1,833,817

 

6.59

%

0.40

%

2.00

%

(6.97

)%

(6.97

)%

American Century VP Mid Cap Value Class II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.73

 

$

19.52

 

4,449,662

 

$

78,338,816

 

1.39

%

0.30

%

2.00

%

9.27

%

11.13

%

2016

 

10.13

 

17.59

 

4,449,907

 

72,613,873

 

1.62

%

0.30

%

2.00

%

20.29

%

22.23

%

2015

 

12.69

 

14.39

 

2,334,721

 

31,422,843

 

1.54

%

0.40

%

2.00

%

(3.53

)%

(1.97

)%

2014

 

13.12

 

14.68

 

2,279,288

 

32,109,244

 

1.03

%

0.40

%

2.00

%

13.94

%

15.77

%

01/03/2013 - 12/31/2013

 

11.49

 

12.68

 

652,946

 

8,026,437

 

1.25

%

0.40

%

2.00

%

24.89

%

25.44

%

American Funds IS Asset Allocation Fund Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.87

 

$

12.97

 

240,961,888

 

$

2,922,206,753

 

1.37

%

0.30

%

2.00

%

13.62

%

15.56

%

2016

 

10.11

 

11.28

 

231,803,255

 

2,457,433,788

 

1.48

%

0.30

%

2.00

%

7.01

%

8.73

%

2015

 

9.81

 

10.41

 

216,461,588

 

2,129,508,180

 

8.53

%

0.40

%

2.00

%

0.19

%

0.39

%

05/13/2014 - 12/31/2014

 

10.35

 

10.37

 

1,234,348

 

12,792,925

 

5.04

%

0.75

%

0.95

%

3.28

%

3.28

%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-42



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

American Funds IS Blue Chip Income and Growth Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.12

 

$

13.41

 

5,772,293

 

$

75,700,161

 

2.06

%

0.30

%

2.00

%

14.40

%

16.24

%

2016

 

11.33

 

11.54

 

4,525,632

 

51,646,555

 

3.61

%

0.40

%

2.00

%

16.39

%

18.02

%

11/02/2015 - 12/31/2015

 

9.75

 

9.78

 

229,539

 

2,240,733

 

See Note (5)

 

0.40

%

1.80

%

(3.51

)%

(3.46

)%

American Funds IS Bond Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.12

 

$

10.44

 

3,034,732

 

$

31,215,177

 

2.50

%

0.30

%

2.00

%

1.40

%

2.98

%

2016

 

9.96

 

10.15

 

1,486,630

 

14,962,175

 

2.17

%

0.30

%

2.00

%

0.92

%

2.39

%

11/03/2015 - 12/31/2015

 

9.89

 

9.91

 

88,696

 

877,973

 

See Note (5)

 

0.40

%

1.85

%

(0.81

)%

(0.81

)%

American Funds IS Capital Income Builder Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.65

 

$

11.46

 

7,548,239

 

$

82,933,134

 

2.57

%

0.30

%

2.00

%

10.42

%

12.20

%

2016

 

9.64

 

10.06

 

6,532,328

 

64,382,863

 

3.09

%

0.40

%

2.00

%

1.74

%

3.37

%

2015

 

9.48

 

9.73

 

4,624,843

 

44,441,584

 

2.69

%

0.40

%

2.00

%

(3.69

)%

(2.18

)%

05/01/2014 - 12/31/2014

 

9.85

 

9.95

 

1,708,931

 

16,919,140

 

2.89

%

0.40

%

1.95

%

(1.31

)%

(1.31

)%

American Funds IS Global Balanced Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.72

 

$

12.13

 

3,314,682

 

$

39,520,262

 

1.59

%

0.30

%

2.00

%

17.02

%

18.90

%

2016

 

10.01

 

10.20

 

915,019

 

9,252,896

 

2.43

%

0.40

%

2.00

%

2.15

%

3.43

%

11/10/2015 - 12/31/2015

 

9.80

 

9.82

 

65,020

 

638,224

 

See Note (5)

 

0.75

%

2.00

%

(1.04

)%

(0.95

)%

American Funds IS Global Bond Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.27

 

$

10.65

 

836,041

 

$

8,739,645

 

0.52

%

0.30

%

2.00

%

4.53

%

6.21

%

2016

 

9.83

 

10.01

 

433,050

 

4,294,379

 

0.76

%

0.40

%

2.00

%

0.90

%

2.01

%

11/05/2015 - 12/31/2015

 

9.79

 

9.81

 

32,324

 

316,956

 

0.00

%

0.40

%

1.80

%

(1.27

)%

(1.27

)%

American Funds IS Global Growth and Income Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.63

 

$

13.09

 

1,693,500

 

$

21,786,618

 

3.04

%

0.30

%

2.00

%

23.34

%

25.32

%

2016

 

10.25

 

10.44

 

758,235

 

7,847,080

 

3.07

%

0.40

%

2.00

%

5.29

%

6.61

%

10/30/2015 - 12/31/2015

 

9.78

 

9.80

 

70,911

 

693,854

 

5.82

%

0.40

%

1.85

%

(2.23

)%

(2.17

)%

American Funds IS Global Growth Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.84

 

$

14.95

 

4,938,435

 

$

70,733,670

 

0.67

%

0.30

%

2.00

%

28.53

%

30.59

%

2016

 

10.69

 

11.45

 

3,597,971

 

39,881,916

 

0.70

%

0.40

%

2.00

%

(1.61

)%

(0.03

)%

2015

 

10.81

 

11.45

 

4,144,888

 

46,345,794

 

1.42

%

0.40

%

2.00

%

4.58

%

6.26

%

2014

 

10.29

 

10.78

 

1,424,224

 

15,128,989

 

2.03

%

0.40

%

2.00

%

0.04

%

1.61

%

11/06/2013 - 12/31/2013

 

10.58

 

10.61

 

68,070

 

720,733

 

See Note (5)

 

0.40

%

1.95

%

5.60

%

5.64

%

American Funds IS Global Small Capitalization Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.57

 

$

12.58

 

705,959

 

$

8,722,876

 

0.39

%

0.30

%

2.00

%

23.14

%

25.12

%

2016

 

9.83

 

10.02

 

269,230

 

2,676,622

 

0.17

%

0.40

%

2.00

%

(0.01

)%

1.44

%

11/03/2015 - 12/31/2015

 

9.85

 

9.87

 

48,286

 

476,209

 

0.00

%

0.40

%

1.85

%

(3.61

)%

(3.54

)%

American Funds IS Growth Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.62

 

$

15.75

 

25,511,615

 

$

348,008,852

 

0.45

%

0.30

%

2.00

%

25.46

%

27.60

%

2016

 

10.13

 

12.39

 

24,270,285

 

261,801,967

 

0.59

%

0.30

%

2.00

%

7.06

%

8.78

%

2015

 

9.90

 

11.43

 

24,828,107

 

247,895,016

 

3.60

%

0.40

%

2.00

%

5.58

%

5.79

%

05/13/2014 - 12/31/2014

 

10.75

 

10.81

 

366,639

 

3,961,069

 

2.65

%

0.75

%

1.50

%

7.55

%

7.55

%

American Funds IS Growth-Income Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.35

 

$

14.52

 

25,370,686

 

$

332,875,994

 

1.30

%

0.30

%

2.00

%

19.67

%

21.59

%

2016

 

10.68

 

11.98

 

25,849,115

 

281,066,393

 

1.32

%

0.40

%

2.00

%

9.06

%

10.81

%

2015

 

9.79

 

10.85

 

25,541,165

 

252,300,825

 

6.09

%

0.40

%

2.00

%

(0.30

)%

0.45

%

05/19/2014 - 12/31/2014

 

10.75

 

10.80

 

750,221

 

8,101,537

 

4.10

%

0.75

%

1.50

%

7.24

%

7.24

%

American Funds IS High-Income Bond Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.28

 

$

11.76

 

1,647,144

 

$

18,994,266

 

7.09

%

0.30

%

2.00

%

4.58

%

6.21

%

2016

 

10.87

 

11.08

 

990,390

 

10,865,001

 

9.47

%

0.40

%

2.00

%

15.15

%

16.83

%

10/30/2015 - 12/31/2015

 

9.46

 

9.48

 

52,976

 

501,712

 

See Note (5)

 

0.40

%

1.85

%

(5.31

)%

(5.31

)%

American Funds IS International Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.62

 

$

13.18

 

4,423,951

 

$

53,104,234

 

1.59

%

0.30

%

2.00

%

29.29

%

31.37

%

2016

 

8.99

 

9.38

 

2,850,606

 

26,203,366

 

1.40

%

0.40

%

2.00

%

1.18

%

2.81

%

2015

 

8.88

 

9.13

 

2,238,902

 

20,168,895

 

1.85

%

0.40

%

2.00

%

(6.50

)%

(5.13

)%

05/13/2014 - 12/31/2014

 

9.53

 

9.62

 

918,721

 

8,793,086

 

4.02

%

0.40

%

1.85

%

(4.83

)%

(4.83

)%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-43



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

American Funds IS International Growth and Income Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.53

 

$

12.72

 

3,960,415

 

$

44,043,588

 

2.25

%

0.30

%

2.00

%

22.26

%

24.22

%

2016

 

8.57

 

9.35

 

3,353,345

 

30,194,240

 

2.55

%

0.40

%

2.00

%

(0.82

)%

0.78

%

2015

 

8.60

 

9.28

 

2,992,909

 

26,968,404

 

2.32

%

0.40

%

2.00

%

(7.69

)%

(6.20

)%

2014

 

9.27

 

9.89

 

1,827,170

 

17,753,951

 

6.02

%

0.40

%

2.00

%

(5.16

)%

(3.78

)%

11/06/2013 - 12/31/2013

 

10.25

 

10.28

 

53,555

 

549,512

 

See Note (5)

 

0.40

%

1.85

%

2.55

%

2.58

%

American Funds IS Managed Risk Asset Allocation Class P2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.80

 

$

12.72

 

9,214,722

 

$

112,457,169

 

0.75

%

0.30

%

2.00

%

12.54

%

14.35

%

2016

 

10.57

 

11.12

 

7,433,311

 

80,098,222

 

1.32

%

0.40

%

2.00

%

5.16

%

6.85

%

2015

 

10.05

 

10.41

 

5,761,674

 

58,653,909

 

1.52

%

0.40

%

2.00

%

(2.88

)%

(1.47

)%

2014

 

10.37

 

10.56

 

2,881,336

 

30,085,703

 

0.09

%

0.40

%

1.95

%

1.02

%

2.50

%

11/04/2013 - 12/31/2013

 

10.28

 

10.31

 

367,816

 

3,784,550

 

See Note (5)

 

0.40

%

1.85

%

2.69

%

2.69

%

American Funds IS New World Fund Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.28

 

$

13.03

 

3,663,500

 

$

42,750,898

 

0.90

%

0.30

%

2.00

%

26.51

%

28.67

%

2016

 

8.92

 

10.13

 

2,663,757

 

24,333,989

 

0.71

%

0.30

%

2.00

%

2.97

%

4.62

%

2015

 

8.66

 

8.96

 

2,109,358

 

18,559,906

 

0.58

%

0.40

%

2.00

%

(5.29

)%

(3.76

)%

2014

 

9.14

 

9.31

 

1,235,726

 

11,390,698

 

2.09

%

0.40

%

2.00

%

(9.95

)%

(8.50

)%

11/06/2013 - 12/31/2013

 

10.15

 

10.18

 

58,679

 

596,339

 

See Note (5)

 

0.40

%

2.00

%

1.86

%

1.93

%

American Funds IS U.S. Government/AAA- Rated Securities Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.88

 

$

10.54

 

3,866,724

 

$

39,414,908

 

1.07

%

0.30

%

1.95

%

(0.67

)%

0.87

%

2016

 

9.95

 

10.45

 

4,618,164

 

46,987,916

 

1.04

%

0.40

%

2.00

%

(0.95

)%

0.59

%

2015

 

10.04

 

10.39

 

3,732,734

 

38,059,278

 

2.07

%

0.40

%

2.00

%

(0.72

)%

0.88

%

2014

 

10.11

 

10.30

 

1,987,612

 

20,250,748

 

3.74

%

0.40

%

2.00

%

3.04

%

4.34

%

11/06/2013 - 12/31/2013

 

9.85

 

9.87

 

37,514

 

369,758

 

See Note (5)

 

0.40

%

1.65

%

(1.32

)%

(1.32

)%

BlackRock Capital Appreciation V.I. Class III

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

18.65

 

$

24.82

 

1,718,685

 

$

37,766,994

 

0.00

%

0.75

%

1.50

%

30.97

%

31.96

%

2016

 

14.24

 

18.81

 

2,061,670

 

34,362,089

 

0.00

%

0.75

%

1.50

%

(1.62

)%

(0.88

)%

2015

 

14.48

 

18.97

 

2,136,103

 

35,964,436

 

0.00

%

0.75

%

1.50

%

5.02

%

5.81

%

2014

 

13.78

 

17.93

 

2,388,125

 

38,100,735

 

0.00

%

0.75

%

1.50

%

6.94

%

7.74

%

2013 (6)

 

12.89

 

16.64

 

2,608,790

 

38,662,241

 

0.00

%

0.75

%

1.50

%

31.41

%

32.40

%

BlackRock Global Allocation V.I. Class III

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.75

 

$

14.76

 

151,755,086

 

$

1,985,390,161

 

1.25

%

0.30

%

2.00

%

11.46

%

13.26

%

2016

 

10.59

 

13.08

 

169,103,542

 

1,975,008,715

 

1.18

%

0.40

%

2.00

%

1.76

%

3.39

%

2015

 

10.39

 

12.69

 

191,018,782

 

2,182,139,434

 

1.04

%

0.40

%

2.00

%

(2.96

)%

(1.40

)%

2014

 

10.68

 

12.92

 

197,530,673

 

2,319,680,733

 

2.23

%

0.40

%

2.00

%

(0.09

)%

1.53

%

2013

 

10.67

 

12.77

 

192,490,015

 

2,264,930,424

 

1.11

%

0.40

%

2.00

%

12.15

%

13.96

%

BlackRock iShares Alternative Strategies V.I. Class I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.40

 

$

12.08

 

1,051,290

 

$

12,280,514

 

2.78

%

0.30

%

2.00

%

10.51

%

12.29

%

2016

 

10.31

 

10.76

 

1,041,973

 

10,941,468

 

2.91

%

0.40

%

2.00

%

4.38

%

6.05

%

2015

 

9.88

 

10.15

 

841,006

 

8,400,718

 

3.55

%

0.40

%

2.00

%

(2.84

)%

(1.42

)%

05/01/2014 - 12/31/2014

 

10.19

 

10.29

 

422,565

 

4,322,369

 

5.41

%

0.40

%

1.85

%

2.01

%

2.25

%

BlackRock iShares Dynamic Allocation V.I. Class I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.95

 

$

11.75

 

1,924,941

 

$

21,856,855

 

2.08

%

0.30

%

1.95

%

12.90

%

14.65

%

2016

 

9.83

 

10.25

 

1,626,322

 

16,252,668

 

2.28

%

0.40

%

1.95

%

4.44

%

6.07

%

2015

 

9.41

 

9.66

 

1,397,704

 

13,285,959

 

2.62

%

0.40

%

1.95

%

(5.64

)%

(4.26

)%

05/09/2014 - 12/31/2014

 

9.99

 

10.09

 

507,566

 

5,089,457

 

3.31

%

0.40

%

1.95

%

0.16

%

0.16

%

BlackRock iShares Dynamic Fixed Income V.I. Class I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.99

 

$

10.60

 

1,402,698

 

$

14,367,855

 

2.20

%

0.30

%

2.00

%

1.86

%

3.50

%

2016

 

9.81

 

10.24

 

1,100,057

 

10,981,435

 

2.11

%

0.40

%

2.00

%

1.46

%

3.09

%

2015

 

9.67

 

9.93

 

813,528

 

7,949,852

 

2.46

%

0.40

%

2.00

%

(3.01

)%

(1.59

)%

05/05/2014 - 12/31/2014

 

10.00

 

10.09

 

306,826

 

3,075,781

 

2.22

%

0.40

%

1.85

%

0.14

%

0.14

%

BlackRock iShares Equity Appreciation V.I. Class I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.68

 

$

12.45

 

1,121,293

 

$

13,341,838

 

1.98

%

0.30

%

1.85

%

19.70

%

21.39

%

2016

 

9.78

 

10.15

 

932,888

 

9,227,803

 

1.88

%

0.40

%

2.00

%

7.37

%

8.88

%

2015

 

9.08

 

9.32

 

693,778

 

6,367,633

 

2.20

%

0.40

%

2.00

%

(8.35

)%

(6.87

)%

05/07/2014 - 12/31/2014

 

9.90

 

10.01

 

324,923

 

3,231,328

 

3.78

%

0.40

%

2.00

%

(0.12

)%

(0.12

)%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-44



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

Fidelity VIP Contrafund Service Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.22

 

$

18.36

 

10,873,948

 

$

184,452,029

 

0.81

%

0.30

%

2.00

%

19.19

%

21.10

%

2016

 

13.64

 

15.16

 

9,087,111

 

129,225,919

 

0.67

%

0.40

%

2.00

%

5.60

%

7.30

%

2015

 

12.89

 

14.13

 

8,297,345

 

111,244,172

 

0.95

%

0.40

%

2.00

%

(1.57

)%

0.01

%

2014

 

13.07

 

14.13

 

5,323,193

 

72,219,421

 

1.03

%

0.40

%

2.00

%

9.44

%

11.21

%

01/02/2013 - 12/31/2013

 

11.92

 

12.71

 

2,307,323

 

28,592,833

 

1.80

%

0.40

%

2.00

%

25.80

%

25.80

%

Fidelity VIP FundsManager 60% Service Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.02

 

$

15.39

 

17,709,234

 

$

249,388,114

 

1.02

%

0.30

%

2.00

%

14.46

%

16.30

%

2016

 

11.48

 

13.23

 

16,165,663

 

198,335,661

 

1.13

%

0.40

%

2.00

%

2.58

%

4.23

%

2015

 

11.17

 

12.70

 

17,156,518

 

204,808,381

 

1.17

%

0.40

%

2.00

%

(1.72

)%

(0.13

)%

2014

 

11.34

 

12.71

 

10,728,869

 

129,639,995

 

1.34

%

0.40

%

2.00

%

3.18

%

4.84

%

2013

 

10.97

 

12.13

 

6,504,891

 

76,394,645

 

1.67

%

0.40

%

2.00

%

16.05

%

17.92

%

Fidelity VIP Government Money Market Service Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.36

 

$

10.03

 

24,835,099

 

$

237,510,491

 

0.56

%

0.30

%

2.00

%

(1.41

)%

0.17

%

2016

 

9.49

 

9.91

 

29,223,322

 

281,583,163

 

0.10

%

0.40

%

2.00

%

(1.87

)%

(0.29

)%

2015

 

9.67

 

9.94

 

30,806,492

 

300,809,271

 

0.01

%

0.40

%

2.00

%

(1.97

)%

(0.39

)%

04/30/2014 - 12/31/2014

 

9.87

 

9.97

 

24,533,479

 

242,943,308

 

0.01

%

0.40

%

2.00

%

(1.33

)%

(0.26

)%

Fidelity VIP Strategic Income Service Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.81

 

$

11.57

 

4,681,197

 

$

52,169,536

 

3.40

%

0.30

%

2.00

%

5.42

%

7.12

%

2016

 

10.27

 

10.80

 

3,503,843

 

36,818,740

 

3.94

%

0.40

%

2.00

%

5.88

%

7.59

%

2015

 

9.70

 

10.04

 

2,837,173

 

27,942,914

 

3.14

%

0.40

%

2.00

%

(3.88

)%

(2.33

)%

2014

 

10.09

 

10.28

 

1,705,810

 

17,339,350

 

5.82

%

0.40

%

2.00

%

1.33

%

2.96

%

11/05/2013 - 12/31/2013

 

9.95

 

9.98

 

99,627

 

992,922

 

See Note (5)

 

0.40

%

2.00

%

(0.09

)%

(0.09

)%

First Trust Dorsey Wright Tactical Core Class I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.33

 

$

11.93

 

1,308,313

 

$

15,024,297

 

0.61

%

0.30

%

1.85

%

15.34

%

17.02

%

2016

 

9.82

 

9.99

 

789,291

 

7,805,815

 

0.91

%

0.40

%

1.85

%

(0.89

)%

(0.25

)%

11/03/2015 - 12/31/2015

 

9.92

 

9.93

 

481,903

 

4,784,278

 

0.00

%

1.10

%

1.75

%

(2.13

)%

(2.13

)%

First Trust/Dow Jones Dividend & Income Allocation Class I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.92

 

$

16.07

 

37,643,369

 

$

554,645,989

 

1.31

%

0.30

%

2.00

%

11.23

%

13.14

%

2016

 

10.14

 

14.21

 

34,772,950

 

461,050,789

 

1.17

%

0.30

%

2.00

%

9.53

%

11.29

%

2015

 

11.09

 

12.77

 

16,936,050

 

203,392,624

 

2.11

%

0.40

%

2.00

%

(1.89

)%

(0.31

)%

2014

 

11.28

 

12.81

 

14,347,175

 

175,643,722

 

0.82

%

0.40

%

2.00

%

7.86

%

9.60

%

2013

 

10.44

 

11.69

 

8,654,689

 

98,458,115

 

1.06

%

0.40

%

2.00

%

10.52

%

12.30

%

First Trust Multi Income Allocation Class I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.81

 

$

11.56

 

823,556

 

$

9,199,902

 

2.57

%

0.30

%

1.85

%

4.11

%

5.63

%

2016

 

10.53

 

10.94

 

858,691

 

9,168,353

 

2.45

%

0.40

%

1.85

%

7.30

%

8.86

%

2015

 

9.81

 

10.05

 

646,130

 

6,394,002

 

2.01

%

0.40

%

1.95

%

(5.00

)%

(3.61

)%

05/14/2014 - 12/31/2014

 

10.32

 

10.43

 

458,764

 

4,753,659

 

2.79

%

0.40

%

1.95

%

2.90

%

2.90

%

Franklin Founding Funds Allocation VIP Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

15.32

 

$

17.58

 

1,302,134

 

$

21,631,845

 

2.67

%

0.75

%

1.50

%

10.32

%

11.14

%

2016

 

13.89

 

15.82

 

1,254,104

 

18,775,367

 

3.88

%

0.75

%

1.50

%

11.50

%

12.34

%

2015

 

12.45

 

14.08

 

1,138,173

 

15,194,921

 

2.80

%

0.75

%

1.50

%

(7.61

)%

(6.91

)%

2014

 

13.48

 

15.12

 

709,358

 

10,199,135

 

2.63

%

0.75

%

1.50

%

1.32

%

2.08

%

2013

 

13.30

 

14.82

 

457,225

 

6,458,424

 

11.50

%

0.75

%

1.50

%

21.93

%

22.85

%

Franklin Founding Funds Allocation VIP Class 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.42

 

$

16.55

 

24,332,103

 

$

340,451,293

 

2.54

%

0.30

%

2.00

%

9.57

%

11.33

%

2016

 

11.54

 

15.05

 

26,702,663

 

339,747,629

 

3.72

%

0.40

%

2.00

%

10.69

%

12.47

%

2015

 

10.40

 

13.54

 

31,595,843

 

361,612,095

 

2.77

%

0.40

%

2.00

%

(8.10

)%

(6.61

)%

2014

 

11.29

 

14.67

 

37,391,068

 

463,595,554

 

2.74

%

0.40

%

2.00

%

0.72

%

2.34

%

2013

 

11.19

 

14.51

 

34,904,969

 

429,268,623

 

10.11

%

0.40

%

2.00

%

21.23

%

23.19

%

Franklin Income VIP Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.72

 

$

11.23

 

3,458,251

 

$

37,822,646

 

4.19

%

0.30

%

2.00

%

7.51

%

9.34

%

2016

 

9.97

 

10.27

 

2,092,953

 

21,111,682

 

4.67

%

0.30

%

2.00

%

11.94

%

13.57

%

05/06/2015 - 12/31/2015

 

8.93

 

9.02

 

681,094

 

6,103,987

 

2.59

%

0.40

%

1.85

%

(9.97

)%

(9.56

)%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-45



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

Franklin Mutual Global Discovery VIP Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.12

 

$

18.71

 

14,006,116

 

$

220,413,458

 

1.78

%

0.30

%

2.00

%

6.45

%

8.27

%

2016

 

10.30

 

17.36

 

13,999,486

 

206,289,451

 

1.70

%

0.30

%

2.00

%

9.96

%

11.73

%

2015

 

11.19

 

15.59

 

13,955,217

 

186,588,831

 

2.93

%

0.40

%

2.00

%

(5.56

)%

(4.03

)%

2014

 

11.83

 

16.30

 

11,417,807

 

161,672,065

 

2.31

%

0.40

%

2.00

%

3.62

%

5.29

%

2013

 

11.39

 

15.54

 

7,284,029

 

99,313,055

 

2.59

%

0.40

%

2.00

%

25.72

%

26.66

%

Franklin Rising Dividends VIP Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.10

 

$

18.23

 

10,043,010

 

$

167,633,877

 

1.51

%

0.30

%

2.00

%

18.18

%

20.20

%

2016

 

10.09

 

15.19

 

10,003,909

 

140,746,663

 

1.39

%

0.30

%

2.00

%

13.75

%

15.58

%

2015

 

11.67

 

13.14

 

8,132,358

 

99,803,464

 

1.42

%

0.40

%

2.00

%

(5.56

)%

(4.03

)%

2014

 

12.33

 

13.69

 

6,308,088

 

81,637,319

 

1.33

%

0.40

%

2.00

%

6.57

%

8.29

%

01/03/2013 - 12/31/2013

 

11.54

 

12.64

 

3,202,526

 

39,120,914

 

1.14

%

0.40

%

2.00

%

25.64

%

25.64

%

Templeton Global Bond VIP Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.25

 

$

12.37

 

9,560,513

 

$

93,539,600

 

0.00

%

0.30

%

2.00

%

(0.09

)%

1.62

%

2016

 

9.24

 

12.23

 

8,882,675

 

86,217,009

 

0.00

%

0.30

%

2.00

%

0.91

%

2.53

%

2015

 

9.14

 

11.97

 

8,791,978

 

83,842,346

 

7.77

%

0.40

%

2.00

%

(6.20

)%

(4.69

)%

2014

 

9.72

 

12.60

 

6,421,265

 

64,880,109

 

4.98

%

0.40

%

2.00

%

(0.18

)%

1.43

%

2013

 

9.72

 

12.47

 

3,172,523

 

32,168,476

 

4.60

%

0.40

%

2.00

%

0.12

%

0.87

%

Ivy VIP Asset Strategy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.61

 

$

11.93

 

1,570,854

 

$

15,529,480

 

1.54

%

0.30

%

2.00

%

15.94

%

17.80

%

2016

 

8.29

 

8.65

 

1,823,068

 

15,402,009

 

0.57

%

0.40

%

2.00

%

(4.49

)%

(2.96

)%

2015

 

8.68

 

8.92

 

1,897,465

 

16,667,679

 

0.34

%

0.40

%

2.00

%

(10.03

)%

(8.71

)%

05/09/2014 - 12/31/2014

 

9.67

 

9.77

 

1,047,942

 

10,170,502

 

0.04

%

0.40

%

1.95

%

(1.66

)%

(1.66

)%

Ivy VIP Energy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

7.84

 

$

8.54

 

2,560,099

 

$

20,441,453

 

0.74

%

0.30

%

2.00

%

(14.37

)%

(12.90

)%

2016

 

9.16

 

9.80

 

2,795,729

 

25,853,628

 

0.13

%

0.30

%

2.00

%

31.89

%

34.02

%

05/01/2015 - 12/31/2015

 

6.94

 

7.02

 

650,366

 

4,532,752

 

0.01

%

0.40

%

2.00

%

(30.42

)%

(30.30

)%

Janus Henderson Balanced Service Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.17

 

$

15.53

 

123,407,941

 

$

1,770,974,243

 

1.44

%

0.30

%

2.00

%

15.80

%

17.78

%

2016

 

10.11

 

13.20

 

107,014,619

 

1,322,530,489

 

2.00

%

0.30

%

2.00

%

2.26

%

3.91

%

2015

 

11.50

 

12.70

 

92,751,839

 

1,116,940,950

 

1.50

%

0.40

%

2.00

%

(1.58

)%

0.01

%

2014

 

11.66

 

12.70

 

45,580,660

 

555,635,249

 

1.65

%

0.40

%

2.00

%

6.10

%

7.81

%

01/08/2013 - 12/31/2013

 

10.97

 

11.78

 

21,913,660

 

253,480,455

 

1.88

%

0.40

%

2.00

%

16.86

%

16.86

%

Janus Henderson Flexible Bond Service Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.98

 

$

10.59

 

2,770,207

 

$

28,344,424

 

2.55

%

0.30

%

2.00

%

1.31

%

2.94

%

2016

 

9.85

 

10.28

 

2,601,100

 

26,083,540

 

2.44

%

0.40

%

2.00

%

0.25

%

1.81

%

2015

 

9.84

 

10.10

 

2,111,629

 

20,986,875

 

2.27

%

0.40

%

1.95

%

(1.89

)%

(0.46

)%

05/06/2014 - 12/31/2014

 

10.05

 

10.15

 

846,509

 

8,532,151

 

5.17

%

0.40

%

1.85

%

0.51

%

0.58

%

JPMorgan Insurance Trust Core Bond Class 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

14.54

 

$

14.94

 

25,121

 

$

375,134

 

2.52

%

1.40

%

1.60

%

1.93

%

2.14

%

2016

 

14.26

 

14.63

 

29,216

 

427,188

 

2.72

%

1.40

%

1.60

%

0.50

%

0.70

%

2015

 

14.19

 

14.52

 

31,509

 

457,178

 

3.63

%

1.40

%

1.60

%

(0.49

)%

(0.29

)%

2014

 

14.26

 

14.57

 

34,315

 

499,408

 

3.62

%

1.40

%

1.60

%

3.25

%

3.46

%

2013

 

13.81

 

14.08

 

37,826

 

532,180

 

4.27

%

1.40

%

1.60

%

(3.03

)%

(2.84

)%

JPMorgan Insurance Trust Global Allocation Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.12

 

$

11.86

 

754,917

 

$

8,639,406

 

1.62

%

0.30

%

2.00

%

14.54

%

16.38

%

2016

 

9.71

 

9.97

 

426,423

 

4,191,901

 

3.38

%

0.40

%

2.00

%

3.75

%

5.41

%

05/04/2015 - 12/31/2015

 

9.36

 

9.46

 

270,644

 

2,545,334

 

3.71

%

0.40

%

2.00

%

(5.88

)%

(5.88

)%

JPMorgan Insurance Trust Income Builder Class 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.80

 

$

11.35

 

760,276

 

$

8,380,795

 

3.58

%

0.30

%

2.00

%

9.50

%

11.26

%

2016

 

9.86

 

10.13

 

648,065

 

6,463,331

 

4.14

%

0.40

%

2.00

%

4.10

%

5.78

%

05/06/2015 - 12/31/2015

 

9.47

 

9.58

 

291,766

 

2,772,891

 

8.63

%

0.40

%

2.00

%

(4.18

)%

(4.18

)%

JPMorgan Insurance Trust Mid Cap Value Class 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

28.02

 

$

28.79

 

3,381

 

$

96,807

 

0.79

%

1.40

%

1.60

%

11.96

%

12.19

%

2016

 

25.02

 

25.66

 

3,813

 

97,391

 

0.86

%

1.40

%

1.60

%

12.88

%

13.11

%

2015

 

22.17

 

22.69

 

3,876

 

87,570

 

0.99

%

1.40

%

1.60

%

(4.20

)%

(4.01

)%

2014

 

23.14

 

23.64

 

3,963

 

93,285

 

0.55

%

1.40

%

1.60

%

13.28

%

13.51

%

2013

 

20.43

 

20.82

 

5,339

 

110,832

 

0.83

%

1.40

%

1.60

%

30.20

%

30.46

%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-46



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

JPMorgan Insurance Trust U.S. Equity Class 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

28.37

 

$

28.37

 

2,329

 

$

66,081

 

0.88

%

1.40

%

1.40

%

20.63

%

20.63

%

2016

 

23.52

 

23.52

 

2,353

 

55,336

 

0.99

%

1.40

%

1.40

%

9.40

%

9.40

%

2015

 

21.50

 

21.50

 

2,433

 

52,289

 

1.13

%

1.40

%

1.40

%

(0.54

)%

(0.54

)%

2014

 

21.61

 

21.61

 

2,679

 

57,893

 

0.90

%

1.40

%

1.40

%

12.32

%

12.32

%

2013

 

19.24

 

19.24

 

2,960

 

56,954

 

1.27

%

1.40

%

1.40

%

34.48

%

34.48

%

ClearBridge Variable Aggressive Growth - Class II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.08

 

$

11.65

 

583,639

 

$

6,588,820

 

0.30

%

0.30

%

2.00

%

13.70

%

15.52

%

2016

 

9.74

 

9.93

 

375,796

 

3,692,453

 

0.70

%

0.40

%

2.00

%

(0.71

)%

0.53

%

11/03/2015 - 12/31/2015

 

9.85

 

9.87

 

64,765

 

638,633

 

0.64

%

0.40

%

1.65

%

(3.34

)%

(3.27

)%

Lord Abbett Bond Debenture Class VC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.03

 

$

13.29

 

7,119,649

 

$

88,873,085

 

4.58

%

0.30

%

2.00

%

7.06

%

8.78

%

2016

 

11.12

 

12.22

 

5,866,815

 

68,036,796

 

5.03

%

0.40

%

2.00

%

9.92

%

11.69

%

2015

 

10.10

 

10.94

 

5,177,743

 

54,280,623

 

4.52

%

0.40

%

2.00

%

(3.48

)%

(1.92

)%

2014

 

10.44

 

11.15

 

3,596,954

 

38,865,874

 

6.20

%

0.40

%

2.00

%

2.28

%

3.93

%

01/02/2013 - 12/31/2013

 

10.19

 

10.73

 

1,800,984

 

19,023,405

 

11.14

%

0.40

%

2.00

%

5.82

%

6.24

%

Lord Abbett International Equity Class VC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.32

 

$

15.52

 

4,639,673

 

$

65,862,191

 

1.90

%

0.30

%

2.00

%

23.19

%

25.17

%

2016

 

8.38

 

12.44

 

5,059,147

 

58,308,401

 

2.67

%

0.40

%

2.00

%

(3.68

)%

(2.13

)%

2015

 

8.70

 

12.76

 

5,001,721

 

59,337,178

 

1.56

%

0.40

%

2.00

%

(3.72

)%

(2.17

)%

2014

 

9.04

 

13.09

 

4,224,106

 

52,268,554

 

1.31

%

0.40

%

2.00

%

(10.82

)%

(10.15

)%

2013

 

11.67

 

14.57

 

2,288,822

 

31,715,991

 

2.04

%

0.75

%

1.50

%

21.33

%

22.24

%

Lord Abbett Total Return Class VC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.14

 

$

12.88

 

25,749,327

 

$

296,912,405

 

2.42

%

0.30

%

2.00

%

1.81

%

3.45

%

2016

 

10.07

 

12.49

 

25,285,912

 

283,114,112

 

2.62

%

0.40

%

2.00

%

2.20

%

3.85

%

2015

 

9.85

 

12.07

 

25,005,242

 

272,387,576

 

2.79

%

0.40

%

2.00

%

(2.62

)%

(1.05

)%

2014

 

10.12

 

12.24

 

22,125,357

 

245,477,681

 

2.34

%

0.40

%

2.00

%

4.50

%

5.29

%

2013

 

10.36

 

11.63

 

13,662,820

 

145,137,285

 

2.84

%

0.75

%

1.50

%

(2.58

)%

(1.84

)%

MFS Total Return Series - Service Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.73

 

$

16.36

 

29,971,293

 

$

440,019,701

 

2.19

%

0.30

%

2.00

%

9.81

%

11.69

%

2016

 

10.12

 

14.84

 

27,639,529

 

369,435,455

 

2.81

%

0.30

%

2.00

%

6.67

%

8.38

%

2015

 

11.23

 

13.86

 

22,077,173

 

275,386,885

 

2.42

%

0.40

%

2.00

%

(2.55

)%

(0.98

)%

2014

 

11.50

 

14.16

 

19,182,534

 

245,389,009

 

1.75

%

0.40

%

2.00

%

6.09

%

7.80

%

2013

 

10.82

 

13.30

 

12,789,202

 

154,905,751

 

2.00

%

0.40

%

2.00

%

16.39

%

18.26

%

MFS Utilities Series - Service Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.87

 

$

14.14

 

3,260,393

 

$

41,643,404

 

4.17

%

0.30

%

2.00

%

12.23

%

14.04

%

2016

 

10.56

 

12.40

 

3,228,395

 

36,521,402

 

4.16

%

0.40

%

2.00

%

9.04

%

10.79

%

2015

 

9.66

 

11.19

 

2,760,090

 

28,475,673

 

4.05

%

0.40

%

2.00

%

(16.45

)%

(15.10

)%

2014

 

11.54

 

13.18

 

3,250,292

 

40,479,521

 

2.10

%

0.40

%

2.00

%

10.24

%

12.02

%

01/02/2013 - 12/31/2013

 

10.45

 

11.77

 

860,725

 

9,770,096

 

2.39

%

0.40

%

2.00

%

16.21

%

16.21

%

MFS Value Series - Service Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

20.33

 

$

25.05

 

3,800,832

 

$

83,439,888

 

1.73

%

0.75

%

1.50

%

15.61

%

16.47

%

2016

 

17.59

 

21.51

 

3,957,067

 

74,782,485

 

1.87

%

0.75

%

1.50

%

12.09

%

12.93

%

2015

 

15.69

 

19.05

 

4,178,023

 

70,018,651

 

2.13

%

0.75

%

1.50

%

(2.41

)%

(1.67

)%

2014

 

16.08

 

19.37

 

3,946,952

 

67,462,964

 

1.41

%

0.75

%

1.50

%

8.56

%

9.38

%

2013

 

14.81

 

17.71

 

2,880,977

 

45,232,638

 

1.07

%

0.75

%

1.50

%

33.58

%

34.58

%

MFS Massachusetts Investors Growth Stock - Service Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.80

 

$

13.06

 

5,881,500

 

$

76,740,305

 

0.41

%

0.75

%

1.50

%

26.20

%

27.15

%

2016

 

10.14

 

10.28

 

6,711,748

 

68,909,823

 

0.38

%

0.75

%

1.50

%

4.27

%

5.05

%

03/27/2015 - 12/31/2015

 

9.72

 

9.78

 

7,107,735

 

69,496,824

 

0.61

%

0.75

%

1.50

%

(2.75

)%

(2.19

)%

Neuberger Berman U.S. Equity Index PutWrite Strategy Class S

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.99

 

$

10.30

 

64,702

 

$

652,725

 

0.00

%

0.40

%

1.80

%

4.84

%

6.26

%

2016

 

9.54

 

9.69

 

43,063

 

412,716

 

0.00

%

0.40

%

1.75

%

(2.36

)%

(1.73

)%

11/18/2015 - 12/31/2015

 

9.77

 

9.78

 

4,525

 

44,231

 

0.00

%

1.10

%

1.75

%

(1.47

)%

(1.47

)%

Oppenheimer Global Fund/VA Service Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.28

 

$

13.72

 

1,407,294

 

$

18,166,007

 

0.71

%

0.30

%

2.00

%

33.63

%

35.78

%

2016

 

9.52

 

9.70

 

193,754

 

1,856,673

 

0.75

%

0.40

%

2.00

%

(1.88

)%

(1.30

)%

11/13/2015 - 12/31/2015

 

9.73

 

9.74

 

10,774

 

104,875

 

0.00

%

1.15

%

1.75

%

(0.57

)%

(0.53

)%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-47



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

Oppenheimer International Growth Fund/VA Service Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.63

 

$

12.96

 

901,922

 

$

10,707,364

 

1.14

%

0.30

%

2.00

%

23.95

%

25.94

%

2016

 

9.38

 

9.56

 

359,358

 

3,397,657

 

0.81

%

0.40

%

2.00

%

(4.40

)%

(3.10

)%

10/30/2015 - 12/31/2015

 

9.84

 

9.86

 

30,407

 

299,519

 

0.00

%

0.40

%

1.75

%

(1.49

)%

(1.49

)%

PIMCO All Asset All Authority - Advisor Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

9.68

 

$

10.24

 

428,374

 

$

4,242,265

 

4.76

%

0.40

%

2.00

%

8.84

%

10.53

%

2016

 

8.88

 

9.26

 

542,324

 

4,902,835

 

2.95

%

0.40

%

2.00

%

11.31

%

13.10

%

2015

 

7.98

 

8.19

 

372,038

 

3,000,639

 

2.95

%

0.40

%

2.00

%

(14.14

)%

(12.75

)%

05/09/2014 - 12/31/2014

 

9.29

 

9.39

 

272,931

 

2,546,554

 

10.96

%

0.40

%

2.00

%

(7.26

)%

(7.26

)%

PIMCO CommodityRealReturn Strategy - Advisor Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

5.46

 

$

10.25

 

1,223,238

 

$

7,120,775

 

10.87

%

0.30

%

2.00

%

0.03

%

1.74

%

2016

 

5.46

 

10.07

 

1,335,186

 

7,664,516

 

1.04

%

0.30

%

2.00

%

12.77

%

14.41

%

2015

 

4.87

 

5.25

 

910,614

 

4,605,365

 

4.61

%

0.40

%

1.95

%

(27.03

)%

(25.96

)%

2014

 

6.67

 

7.15

 

863,444

 

5,943,758

 

0.27

%

0.40

%

1.95

%

(20.11

)%

(18.94

)%

01/04/2013 - 12/31/2013

 

8.35

 

8.89

 

606,467

 

5,156,923

 

1.02

%

0.40

%

1.85

%

(14.71

)%

(14.71

)%

Jennison Class II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

26.45

 

$

28.01

 

6,326

 

$

170,351

 

0.00

%

1.40

%

1.75

%

33.78

%

34.25

%

2016

 

19.77

 

20.86

 

17,740

 

354,124

 

0.00

%

1.40

%

1.75

%

(3.00

)%

(2.66

)%

2015

 

20.38

 

21.43

 

19,719

 

406,002

 

0.00

%

1.40

%

1.75

%

9.10

%

9.49

%

2014

 

18.68

 

19.58

 

20,021

 

377,567

 

0.00

%

1.40

%

1.75

%

7.68

%

8.06

%

2013

 

17.35

 

18.12

 

21,252

 

371,764

 

0.00

%

1.40

%

1.75

%

34.73

%

35.20

%

SP International Growth Class II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

18.52

 

$

19.65

 

3,029

 

$

57,516

 

0.00

%

1.40

%

1.75

%

33.08

%

33.54

%

2016

 

13.92

 

14.72

 

14,385

 

202,331

 

0.00

%

1.40

%

1.75

%

(5.82

)%

(5.49

)%

2015

 

14.78

 

15.57

 

16,566

 

247,639

 

0.00

%

1.40

%

1.75

%

1.30

%

1.65

%

2014

 

14.59

 

15.32

 

18,351

 

270,374

 

0.00

%

1.40

%

1.75

%

(7.75

)%

(7.43

)%

2013

 

15.81

 

16.55

 

18,413

 

293,852

 

0.00

%

1.40

%

1.75

%

16.46

%

17.13

%

SP Prudential U.S. Emerging Growth Class II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

30.69

 

$

32.49

 

3,595

 

$

111,362

 

0.00

%

1.40

%

1.75

%

19.83

%

20.25

%

2016

 

25.61

 

27.02

 

14,581

 

375,455

 

0.00

%

1.40

%

1.75

%

2.02

%

2.37

%

2015

 

25.11

 

26.40

 

14,641

 

369,492

 

0.00

%

1.40

%

1.75

%

(4.42

)%

(4.09

)%

2014

 

26.27

 

27.52

 

14,317

 

378,018

 

0.00

%

1.40

%

1.75

%

7.26

%

7.63

%

2013

 

24.49

 

25.57

 

14,342

 

352,902

 

0.00

%

1.40

%

1.75

%

25.62

%

26.06

%

Value Class II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

21.72

 

$

23.00

 

5,785

 

$

129,739

 

0.00

%

1.40

%

1.75

%

14.49

%

14.89

%

2016

 

18.97

 

20.02

 

7,086

 

139,067

 

0.00

%

1.40

%

1.75

%

9.04

%

9.42

%

2015

 

17.40

 

18.29

 

9,315

 

166,883

 

0.00

%

1.40

%

1.75

%

(10.13

)%

(9.82

)%

2014

 

19.36

 

20.28

 

11,486

 

227,422

 

0.00

%

1.40

%

1.75

%

7.76

%

8.14

%

2013

 

17.97

 

18.76

 

12,685

 

232,234

 

0.00

%

1.40

%

1.75

%

30.23

%

30.69

%

Schwab VIT Balanced

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.13

 

$

12.61

 

4,673,447

 

$

58,777,056

 

1.19

%

0.60

%

1.00

%

8.91

%

9.35

%

2016

 

10.22

 

11.53

 

4,573,038

 

52,603,578

 

1.06

%

0.60

%

1.00

%

3.74

%

4.15

%

2015

 

9.85

 

11.07

 

4,158,299

 

45,981,448

 

1.02

%

0.60

%

1.00

%

(2.59

)%

(2.59

)%

2014

 

11.36

 

11.36

 

3,592,206

 

40,815,210

 

0.58

%

0.60

%

0.60

%

3.53

%

3.53

%

2013

 

10.98

 

10.98

 

2,364,119

 

25,946,596

 

0.13

%

0.60

%

0.60

%

6.25

%

6.25

%

Schwab VIT Balanced with Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

11.68

 

$

13.83

 

10,035,039

 

$

137,192,784

 

1.38

%

0.60

%

1.00

%

12.57

%

13.02

%

2016

 

10.38

 

12.24

 

10,156,593

 

122,988,482

 

1.29

%

0.60

%

1.00

%

5.32

%

5.74

%

2015

 

9.85

 

11.58

 

9,449,983

 

108,559,408

 

1.24

%

0.60

%

1.00

%

(3.06

)%

(3.06

)%

2014

 

11.94

 

11.94

 

7,816,994

 

93,344,353

 

0.76

%

0.60

%

0.60

%

3.53

%

3.53

%

2013

 

11.53

 

11.53

 

5,754,492

 

66,374,416

 

0.04

%

0.60

%

0.60

%

10.13

%

10.13

%

Schwab VIT Growth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

12.21

 

$

15.22

 

9,505,102

 

$

143,880,388

 

1.34

%

0.60

%

1.00

%

15.98

%

16.44

%

2016

 

10.53

 

13.07

 

9,713,795

 

126,342,860

 

1.36

%

0.60

%

1.00

%

6.60

%

7.02

%

2015

 

9.88

 

12.22

 

9,591,644

 

116,693,982

 

1.30

%

0.60

%

1.00

%

(3.43

)%

(3.43

)%

2014

 

12.65

 

12.65

 

8,114,949

 

102,661,192

 

0.80

%

0.60

%

0.60

%

3.35

%

3.35

%

2013

 

12.24

 

12.24

 

5,915,879

 

72,417,931

 

0.03

%

0.60

%

0.60

%

14.87

%

14.87

%

 

See Notes to Financial Statements

See explanation of references on page H-49

 

H-48



 

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

 

 

 

At the End of Each Year or Period

 

Investment

 

 

 

 

 

 

 

 

 

Variable Accounts

 

AUV (1)

 

Units

 

Net

 

Income

 

Expense Ratios (3)

 

Total Returns (4)

 

For Each Year or Period

 

Lowest

 

Highest

 

Outstanding

 

Assets

 

Ratios (2)

 

Lowest

 

Highest

 

Lowest

 

Highest

 

State Street Total Return V.I.S. Class 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

10.93

 

$

21.13

 

28,254,998

 

$

478,275,225

 

1.73

%

0.30

%

2.00

%

12.99

%

14.92

%

2016

 

10.16

 

18.41

 

30,770,276

 

465,604,170

 

1.58

%

0.30

%

2.00

%

3.99

%

5.66

%

2015

 

10.67

 

17.42

 

33,170,514

 

487,260,624

 

1.52

%

0.40

%

2.00

%

(3.30

)%

(1.74

)%

2014

 

11.01

 

17.73

 

33,433,586

 

514,307,423

 

1.52

%

0.40

%

2.00

%

2.99

%

4.65

%

2013

 

10.67

 

16.94

 

31,831,721

 

486,525,393

 

1.40

%

0.40

%

2.00

%

12.37

%

14.18

%

VanEck VIP Global Hard Assets Class S

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

7.34

 

$

9.50

 

2,200,630

 

$

17,210,080

 

0.00

%

0.30

%

2.00

%

(3.91

)%

(2.36

)%

2016

 

7.63

 

8.40

 

2,635,249

 

21,129,905

 

0.28

%

0.40

%

2.00

%

40.58

%

42.84

%

2015

 

5.43

 

5.93

 

1,604,342

 

9,153,344

 

0.03

%

0.40

%

2.00

%

(34.94

)%

(33.89

)%

2014

 

8.27

 

9.04

 

908,958

 

7,848,908

 

0.00

%

0.40

%

2.00

%

(20.95

)%

(19.67

)%

01/03/2013 - 12/31/2013

 

10.35

 

11.34

 

401,574

 

4,316,470

 

0.17

%

0.40

%

2.00

%

6.26

%

6.26

%

 


(1)   The AUV is presented as a range from lowest to highest based on the ending AUV for all product groupings as of December 31 of each year or period ended. The lowest and highest AUV may be the same for a variable account if there is only one product which had investments at the end of the year or period.

(2)   The investment income ratios represent the dividends, excluding distributions of capital gains, received by the variable accounts from the underlying portfolios/funds, divided by the average daily net assets (See Note 3 in Notes to Financial Statements for information on dividends and distributions). These ratios exclude those expenses, such as mortality and expense risk (“M&E”) fees, administrative fees, and additional death benefit rider charges, if any, 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 variable accounts is affected by the timing of the declaration of dividends by the underlying portfolios/funds in which the variable accounts invest. The investment income ratios for periods of less than one full year are annualized.

(3)   The expense ratios represent annualized contract fees and expenses of the Separate Account divided by the average daily net assets for each period indicated. These ratios include only those expenses that result in a direct reduction of unit values. Excluded are expenses of the underlying portfolios/funds in which the variable accounts invest and charges made directly to contract owner accounts through the redemption of units (See Note 4 in Notes to Financial Statements). The expense ratios are presented as a range of lowest to highest based on the product groupings. The expense ratios for periods of less than one full year are annualized.

(4)   Total returns reflect changes in unit values of the underlying portfolios/funds and deductions for M&E fees, administrative fees, and additional death benefit rider charges, if any, assessed through the daily AUV calculation. These fees and charges are assessed at annual rates ranging from 0.30% to 2.00% based on the average daily net assets of each variable account as discussed in Note 4 in Notes to Financial Statements. Total returns do not include deductions at the separate account or contract level for any premium loads, maintenance fees, premium tax charges, withdrawal and surrender charges, charges for other optional benefit riders, or other charges that may be incurred under a contract which, if incurred, would have resulted in lower returns. Total returns are presented as a range from lowest to highest values based on the product grouping representing the minimum to maximum expense ratio amounts. Total returns for those contracts which commenced operations subsequent to the beginning of the year or period indicated for each Variable Account may not be within the ranges presented, and these contracts are excluded when calculating the total returns from lowest to highest as presented in the table. Total returns are calculated for each period indicated and are not annualized for periods of less than one full year.

(5)   Subsequent to commencement of operations, the American Funds IS Blue Chip Income and Growth Class 4, American Funds IS Bond Class 4, American Funds IS Global Balanced Class 4, American Funds IS Global Growth Class 4, American Funds IS High-Income Bond Class 4, American Funds IS International Growth and Income Class 4, American Funds IS Managed Risk Asset Allocation Class P2, American Funds IS New World Fund Class 4, American Funds IS U.S. Government/AAA-Rated Securities Class 4, and Fidelity VIP Strategic Income Service Class 2 Variable Accounts received their annual distributions. The annualized investment income ratios were 11.92%, 12.14%, 10.77%, 10.37%, 41.92%, 19.90%, 10.00%, 14.52%, 10.91%, and 36.87%, respectively. Prior to annualization, the ratios were 1.60%, 1.27%, 1.10%, 0.94%, 5.38%, 1.48%, 1.14%, 1.30%, 0.98%, and 3.74%, respectively.

(6)   Investment income ratio represents less than 0.005%.

 

See Notes to Financial Statements

 

 

H-49



 

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS

 

1. ORGANIZATION

 

The Separate Account A (the “Separate Account”) of Pacific Life Insurance Company (“Pacific Life”) is registered as a unit investment trust under the Investment Company Act of 1940, as amended. The Separate Account consists of subaccounts (each, a “Variable Account” and collectively, the “Variable Accounts”) which invest in shares of corresponding portfolios or funds (each, a “Portfolio” and collectively, the “Portfolios”) of registered investment management companies (each, a “Fund” and collectively, the “Funds”). As of December 31, 2017, the Fund investment options are Pacific Select Fund (See Note 4), AIM Variable Insurance Funds (Invesco Variable Insurance Funds), American Century Variable Portfolios, Inc., American Funds Insurance Series, BlackRock Variable Series Funds, Inc., Fidelity Variable Insurance Products Funds, First Trust Variable Insurance Trust, Franklin Templeton Variable Insurance Products Trust, Ivy Variable Insurance Portfolios, Janus Aspen Series, JPMorgan Insurance Trust, Legg Mason Partners Variable Equity Trust, Lord Abbett Series Fund, Inc., MFS Variable Insurance Trust, MFS Variable Insurance Trust II, Neuberger Berman Advisers Management Trust, Oppenheimer Variable Account Funds, PIMCO Variable Insurance Trust, Prudential Series Fund, Schwab Annuity Portfolios, State Street Variable Insurance Series Funds, Inc., and Van Eck VIP Trust. The Variable Accounts which have not commenced operations are not presented in this annual report.

 

Each of the Portfolios pursues different investment objectives and policies. The financial statements of the Funds, including the schedules of investments, are either included in Sections A through F of this report or provided separately and should be read in conjunction with the Separate Account’s financial statements.

 

The Janus Henderson Balanced Service Shares, Janus Henderson Flexible Bond Service Shares, Lord Abbett International Equity Class VC, and Neuberger Berman U.S. Equity Index PutWrite Strategy Class S Variable Accounts and Portfolios were formerly named Janus Aspen Series Balanced Service Shares, Janus Aspen Series Flexible Bond Service Shares, Lord Abbett International Core Equity Class VC, and Neuberger Berman AMT Absolute Return Multi-Manager Class S Variable Accounts and Portfolios, respectively.

 

Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the other assets and liabilities of Pacific Life. The assets of the Separate Account will not be charged with any liabilities arising out of any other business conducted by Pacific Life, but the obligations of the Separate Account, including benefits related to variable annuity contracts, are obligations of Pacific Life.

 

The Separate Account funds individual flexible premium deferred variable annuity contracts (the “Contracts”). The investments of the Separate Account are carried at fair value.

 

2. SIGNIFICANT ACCOUNTING POLICIES

 

The following is a summary of the significant accounting policies followed by the Separate Account in the preparation of its financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. The Separate Account qualifies as an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to Investment Companies Topic of U.S. GAAP.

 

A. Valuation of Investments

 

Investments in shares of the Portfolios are valued at the reported net asset values of the respective Portfolios. Valuation of securities held by the Funds is discussed in the notes to their financial statements.

 

B. Security Transactions and Income

 

Transactions are recorded on the trade date. Realized gains and losses on sales of investments are determined on the basis of identified cost. Dividends and capital gains distributions, if any, from mutual fund investments are recorded on the ex-dividend date.

 

C. Federal Income Taxes

 

The operations of the Separate Account will be reported on the federal income tax return of Pacific Life, which is taxed as a life insurance company under the provisions of the Internal Revenue Code. Under the current tax law, no federal income taxes are expected to be paid by Pacific Life with respect to the operations of the Separate Account. Pacific Life will periodically review the status of this policy in the event of changes in the tax law. A charge may be made in future years for any federal income taxes that would be attributable to the Contracts.

 

D. Contracts in Payout Period

 

Net assets allocated to Contracts in payout period are computed, on a current basis, according to the Annuity 2000 Mortality Table or 2012 IAR Mortality Table depending on the year of annuitization. The assumed investment return is 4.0 or 5.0 percent depending on the product. The mortality risk is fully borne by Pacific Life and may result in additional amounts being transferred into the Variable Accounts by Pacific Life to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed the amounts required, transfers may be made to Pacific Life. These transfers, if any, are shown as adjustments to net assets allocated to contracts in payout (annuitization) period in the accompanying Statements of Changes in Net Assets.

 

I-1



 

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

 

3. DIVIDENDS AND DISTRIBUTIONS FROM MUTUAL FUND INVESTMENTS

 

All dividend and capital gain distributions, if any, received from the Portfolios are reinvested in additional full and fractional shares of the related Portfolios and are recorded by the Variable Accounts on the ex-dividend date.

 

Each of the Portfolios in the Pacific Select Fund is treated as a partnership for federal income tax purposes only (the “Partnership Portfolios”). The Partnership Portfolios are not required to distribute taxable income and capital gains for federal income tax purposes. Therefore, no dividend or capital gain distributions were received from any Portfolios in the Pacific Select Fund nor were they recorded by the applicable Variable Accounts in the Statements of Operations for the year ended December 31, 2017.

 

4. CHARGES AND EXPENSES AND RELATED PARTY TRANSACTIONS

 

Pacific Life deducts from the Separate Account daily charges for mortality and expense risks (“M&E”) and administrative fees Pacific Life assumes, and any additional death benefit rider charges, if applicable. Contracts funded by the Separate Account currently being sold or administered, along with the total annual expense ratios, are summarized in the following table. The mortality risk assumed by Pacific Life is the risk that the annuitant will live longer than predicted and will receive more annuity payments than anticipated. Pacific Life also assumes mortality risk in connection with any death benefit paid under the Contracts. The expense risk assumed is that expenses incurred in administering the Contracts and the Separate Account will exceed the amounts realized from fees and charges assessed against the Contracts. These charges are assessed daily at the following annual rates based on the average daily net assets of each Variable Account and result in a direct reduction in unit values:

 

 

 

Death Benefit Options

 

 

 

 

 

With

 

With

 

 

 

Standard

 

Stepped-Up

 

Premier

 

 

 

Death

 

Death Benefit

 

Death Benefit

 

 

 

Benefit

 

Rider

 

Rider

 

Pacific One and Pacific Portfolios Contracts

 

 

 

 

 

 

 

M&E Charge

 

1.25

%

1.25

%

 

 

Administrative Fee

 

0.15

%

0.15

%

 

 

Death Benefit Rider Charge

 

None

 

0.20

%

 

 

Total Annual Expenses

 

1.40

%

1.60

%

 

 

 

 

 

 

 

 

 

 

Pacific Value and Pacific Innovations Contracts

 

 

 

 

 

 

 

M&E Charge

 

1.25

%

1.25

%

1.25

%

Administrative Fee

 

0.15

%

0.15

%

0.15

%

Death Benefit Rider Charge

 

None

 

0.20

%

0.35

%

Total Annual Expenses

 

1.40

%

1.60

%

1.75

%

 

 

 

 

 

 

 

 

Pacific One Select (issued prior to 8/1/2006) and Pacific Innovations Select Contracts

 

 

 

 

 

 

 

M&E Charge

 

1.40

%

1.40

%

1.40

%

Administrative Fee

 

0.25

%

0.25

%

0.25

%

Death Benefit Rider Charge

 

None

 

0.20

%

0.35

%

Total Annual Expenses

 

1.65

%

1.85

%

2.00

%

 

 

 

 

 

 

 

 

Pacific One Select (issued on or after 8/1/2006) and Pacific Value Edge Contracts

 

 

 

 

 

 

 

M&E Charge

 

1.50

%

1.50

%

 

 

Administrative Fee

 

0.25

%

0.25

%

 

 

Death Benefit Rider Charge

 

None

 

0.20

%

 

 

Total Annual Expenses

 

1.75

%

1.95

%

 

 

 

 

 

 

 

 

 

 

Pacific Odyssey Contracts (issued prior to 12/1/2016)

 

 

 

 

 

 

 

M&E Charge

 

0.15

%

0.15

%

0.15

%

Administrative Fee

 

0.25

%

0.25

%

0.25

%

Death Benefit Rider Charge

 

None

 

0.20

%

0.35

%

Total Annual Expenses

 

0.40

%

0.60

%

0.75

%

 

 

 

 

 

 

 

 

Pacific Destinations B Contracts

 

 

 

 

 

 

 

M&E Charge

 

1.15

%

1.15

%

 

 

Administrative Fee

 

0.15

%

0.15

%

 

 

Death Benefit Rider Charge

 

None

 

0.20

%

 

 

Total Annual Expenses

 

1.30

%

1.50

%

 

 

 

 

 

 

 

 

 

 

Pacific Journey Contracts

 

 

 

 

 

 

 

M&E Charge

 

0.90

%

0.90

%

 

 

Administrative Fee

 

0.15

%

0.15

%

 

 

Death Benefit Rider Charge

 

None

 

0.20

%

 

 

Total Annual Expenses

 

1.05

%

1.25

%

 

 

 

 

 

 

 

With Return

 

With

 

 

 

Standard

 

of Purchase

 

Stepped-Up

 

 

 

Death

 

Payments Death

 

Death Benefit

 

 

 

Benefit

 

Benefit Rider

 

Rider

 

Schwab Retirement Income Variable Annuity Contracts

 

 

 

 

 

 

 

M&E Charge

 

0.35

%

0.35

%

0.35

%

Administrative Fee

 

0.25

%

0.25

%

0.25

%

Death Benefit Rider Charge

 

None

 

0.20

%

0.40

%

Total Annual Expenses

 

0.60

%

0.80

%

1.00

%

 

 

 

Standard

 

Standard

 

Standard

 

 

 

Death Benefit

 

Death Benefit

 

Death Benefit

 

 

 

With 5 Year

 

With 3 Year

 

With 0 Year

 

 

 

Option

 

Option

 

Option

 

Pacific Choice Contracts (Without Stepped-Up Death Benefit II Rider Charge)

 

 

 

 

 

 

 

M&E Charge

 

0.95

%

1.25

%

1.35

%

Administrative Fee

 

0.25

%

0.25

%

0.25

%

Total Annual Expenses

 

1.20

%

1.50

%

1.60

%

 

 

 

 

 

 

 

 

Pacific Choice Contracts (With Stepped-Up Death Benefit II Rider Charge)

 

 

 

 

 

 

 

M&E Charge

 

0.95

%

1.25

%

1.35

%

Administrative Fee

 

0.25

%

0.25

%

0.25

%

Death Benefit Rider Charge

 

0.20

%

0.20

%

0.20

%

Total Annual Expenses

 

1.40

%

1.70

%

1.80

%

 

I-2



 

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

 

 

 

Death Benefit Options

 

 

 

 

 

With

 

 

 

Standard

 

Stepped-Up

 

 

 

Death

 

Death Benefit

 

 

 

Benefit

 

Rider

 

Pacific Odyssey Contracts (issued on or after 12/1/2016)

 

 

 

 

 

M&E Charge

 

0.15

%

0.15

%

Administrative Fee

 

0.15

%

0.15

%

Death Benefit Rider Charge

 

None

 

0.20

%

Total Annual Expenses

 

0.30

%

0.50

%

 

 

 

 

 

 

Pacific Value Select Contracts

 

 

 

 

 

M&E Charge

 

1.45

%

1.45

%

Administrative Fee

 

0.15

%

0.15

%

Death Benefit Rider Charge

 

None

 

0.20

%

Total Annual Expenses

 

1.60

%

1.80

%

 

 

 

 

 

 

Pacific Voyages Contracts

 

 

 

 

 

M&E Charge

 

1.00

%

1.00

%

Administrative Fee

 

0.15

%

0.15

%

Death Benefit Rider Charge

 

None

 

0.20

%

Total Annual Expenses

 

1.15

%

1.35

%

 

 

 

 

 

With

 

 

 

 

 

Stepped-Up

 

 

 

 

 

Death Benefit

 

 

 

 

 

Rider or

 

 

 

Standard

 

Stepped-Up

 

 

 

Death

 

Death Benefit II

 

 

 

Benefit

 

Rider

 

Pacific Destinations and Pacific Destination O - Series Contracts

 

 

 

 

 

M&E Charge

 

0.60

%

0.60

%

Administrative Fee

 

0.15

%

0.15

%

Death Benefit Rider Charge

 

None

 

0.20

%

Total Annual Expenses

 

0.75

%

0.95

%

 

 

 

Death Benefit Options

 

 

 

Without

 

 

 

 

 

With

 

 

 

Stepped-Up

 

With

 

With Four

 

Stepped-Up

 

 

 

Death Benefit

 

Stepped-Up

 

Year

 

Death Benefit

 

 

 

Rider and Four

 

Death Benefit

 

Withdrawal

 

Rider and Four

 

 

 

Year Withdrawal

 

Rider

 

Charge

 

Year Withdrawal

 

 

 

Charge Option

 

Only

 

Option Only

 

Charge Option

 

Pacific Journey Select Contracts

 

 

 

 

 

 

 

 

 

M&E Charge

 

0.95

%

0.95

%

0.95

%

0.95

%

Administrative Fee

 

0.15

%

0.15

%

0.15

%

0.15

%

Death Benefit Rider Charge

 

None

 

0.20

%

None

 

0.20

%

Four Year Withdrawal Charge

 

None

 

None

 

0.35

%

0.35

%

Total Annual Expenses

 

1.10

%

1.30

%

1.45

%

1.65

%

 

 

 

Without

 

 

 

 

 

With

 

 

 

Stepped-Up

 

With

 

With Four

 

Stepped-Up

 

 

 

Death Benefit

 

Stepped-Up

 

Year

 

Death Benefit

 

 

 

Rider II and Four

 

Death Benefit

 

Withdrawal

 

Rider II and Four

 

 

 

Year Withdrawal

 

Rider II

 

Charge

 

Year Withdrawal

 

 

 

Charge Option

 

Only

 

Option Only

 

Charge Option

 

Pacific Navigator Contracts

 

 

 

 

 

 

 

 

 

M&E Charge

 

1.05

%

1.05

%

1.05

%

1.05

%

Administrative Fee

 

0.25

%

0.25

%

0.25

%

0.25

%

Death Benefit Rider Charge

 

None

 

0.20

%

None

 

0.20

%

Four Year Withdrawal Charge

 

None

 

None

 

0.45

%

0.45

%

Total Annual Expenses

 

1.30

%

1.50

%

1.75

%

1.95

%

 

Under the Contracts, Pacific Life makes certain deductions from the net assets of each Variable Account through a redemption of units for maintenance fees, any other optional benefit riders, any state premium taxes, and any withdrawal and surrender charges, and are shown as a decrease in net assets derived from Contract owner transactions in the accompanying Statements of Changes in Net Assets. For some Contracts, a surrender charge is imposed if the Contract is partially or fully surrendered within the specified surrender charge period and charges will vary depending on the individual Contract. Most Contracts offer optional benefits that can be added to the Contract by rider. The charges for riders can range depending on the individual Contract. These fees and charges are assessed directly to each Contract owner account through redemption of units. Withdrawal and surrender charges are included in contract benefits and terminations; and maintenance fees, any other optional benefit riders and state premium taxes are included in contract charges and deductions in the accompanying Statements of Changes in Net Assets. The operating expenses of the Separate Account are paid by Pacific Life and are not reflected in the accompanying financial statements.

 

In addition to charges and expenses described above, the Variable Accounts also indirectly bear a portion of the operating expenses of the applicable Portfolios in which they invest.

 

        The assets of certain Variable Accounts invest in Class I or Class D shares of the corresponding Portfolios of the Pacific Select Fund (“PSF”). Each Portfolio of PSF pays an advisory fee to Pacific Life Fund Advisors LLC (“PLFA”), a wholly-owned subsidiary of Pacific Life, pursuant to PSF’s Investment Advisory Agreement and pays a class-specific non-12b-1 service fee for class I shares and a class-specific 12b-1 distribution and service fee for class D shares to Pacific Select Distributors, LLC (“PSD”), also a wholly-owned subsidiary of Pacific Life, for providing shareholder servicing activities under PSF’s non-12b-1 Service Plan and 12b-1 Distribution and Service Plan. Each Portfolio of PSF also compensates Pacific Life and PLFA on an approximate cost basis pursuant to PSF’s Agreement for Support Services for providing services to PSF that are outside the scope of the Investment Adviser’s responsibilities under the Investment Advisory Agreement. The advisory fee and distribution and/or service fee rates are disclosed in Note 6 in the Notes to Financial Statements of PSF, which are included in Section D of this report. For the year ended December 31, 2017, PLFA received net advisory fees from the corresponding Portfolios of PSF at effective annual rates ranging from 0.05% to 1.00%, and PSD received a non-12b-1 service fee of 0.20% on Class I shares only and a 12b-1 service fee of 0.20% and a distribution fee of 0.05% on Class D shares only, all of which are based on the average daily net assets of each Portfolio.

 

I-3



 

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

 

5. RELATED PARTY AGREEMENT

 

PSD serves as principal underwriter of the Contracts funded by interests in the Separate Account, without remuneration from the Separate Account.

 

6. PURCHASES AND SALES OF INVESTMENTS

 

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2017, were as follows:

 

Variable Accounts

 

Purchases

 

Sales

 

Core Income

 

$

5,436,838

 

$

1,704,433

 

Diversified Bond

 

31,728,976

 

25,983,312

 

Floating Rate Income

 

20,050,861

 

18,374,041

 

Floating Rate Loan

 

37,380,882

 

38,215,485

 

High Yield Bond

 

46,684,258

 

69,653,498

 

Inflation Managed

 

17,695,885

 

38,142,199

 

Inflation Strategy

 

3,046,820

 

2,782,931

 

Managed Bond

 

36,239,497

 

68,667,756

 

Short Duration Bond

 

57,031,113

 

48,439,516

 

Emerging Markets Debt

 

15,909,289

 

9,584,772

 

Comstock

 

17,670,320

 

37,721,658

 

Developing Growth

 

7,365,469

 

18,909,973

 

Dividend Growth

 

25,484,104

 

41,038,948

 

Equity Index

 

160,024,608

 

82,628,267

 

Focused Growth

 

25,324,417

 

25,619,812

 

Growth

 

27,127,315

 

37,616,188

 

Large-Cap Growth

 

36,098,699

 

32,626,426

 

Large-Cap Value

 

19,871,941

 

40,435,250

 

Long/Short Large-Cap

 

4,768,821

 

7,021,885

 

Main Street Core

 

14,313,333

 

51,153,203

 

Mid-Cap Equity

 

26,422,201

 

40,872,778

 

Mid-Cap Growth

 

19,235,017

 

30,152,352

 

Mid-Cap Value

 

16,773,802

 

18,311,199

 

Small-Cap Equity

 

12,538,506

 

18,129,531

 

Small-Cap Index

 

44,522,371

 

40,363,938

 

Small-Cap Value

 

20,177,574

 

32,921,943

 

Value Advantage

 

11,026,882

 

8,913,555

 

Emerging Markets

 

37,855,421

 

38,081,318

 

International Large-Cap

 

20,573,034

 

51,651,959

 

International Small-Cap

 

8,979,081

 

11,401,927

 

International Value

 

10,397,183

 

23,978,520

 

Health Sciences

 

31,113,657

 

50,075,628

 

Real Estate

 

11,542,814

 

27,209,372

 

Technology

 

29,038,592

 

20,159,841

 

Currency Strategies

 

771,127

 

1,365,607

 

Diversified Alternatives

 

1,646,438

 

598,834

 

Equity Long/Short

 

6,598,603

 

4,275,932

 

Global Absolute Return

 

3,014,535

 

1,930,360

 

Pacific Dynamix - Conservative Growth

 

54,159,295

 

71,908,776

 

Pacific Dynamix - Moderate Growth

 

260,548,983

 

166,751,810

 

Pacific Dynamix - Growth

 

121,258,832

 

99,305,062

 

Portfolio Optimization Conservative

 

99,161,570

 

415,674,939

 

Portfolio Optimization Moderate-Conservative

 

76,115,636

 

464,228,648

 

Portfolio Optimization Moderate

 

116,452,299

 

1,644,738,281

 

Portfolio Optimization Growth

 

71,566,541

 

1,400,444,756

 

Portfolio Optimization Aggressive-Growth

 

34,947,823

 

310,581,183

 

PSF DFA Balanced Allocation

 

60,858,093

 

5,559,226

 

Invesco V.I. Balanced-Risk Allocation Series II

 

79,975,251

 

91,219,405

 

Invesco V.I. Equity and Income Series II

 

19,608,458

 

15,503,203

 

Invesco V.I. Global Real Estate Series II

 

3,043,631

 

1,151,915

 

American Century VP Mid Cap Value Class II

 

27,759,113

 

27,672,884

 

American Funds IS Asset Allocation Class 4

 

533,262,052

 

303,343,137

 

American Funds IS Blue Chip Income and Growth Class 4

 

39,899,236

 

22,170,938

 

American Funds IS Bond Class 4

 

20,555,198

 

4,091,425

 

American Funds IS Capital Income Builder Class 4

 

19,542,751

 

7,695,043

 

American Funds IS Global Balanced Class 4

 

31,811,198

 

3,402,831

 

American Funds IS Global Bond Class 4

 

5,442,527

 

1,264,959

 

American Funds IS Global Growth and Income Class 4

 

13,802,676

 

2,121,978

 

American Funds IS Global Growth Class 4

 

26,548,579

 

7,575,855

 

American Funds IS Global Small Capitalization Class 4

 

5,563,903

 

605,198

 

American Funds IS Growth Class 4

 

93,007,236

 

50,354,117

 

American Funds IS Growth-Income Class 4

 

60,172,760

 

45,768,217

 

American Funds IS High-Income Bond Class 4

 

13,235,039

 

4,915,426

 

American Funds IS International Class 4

 

24,181,427

 

6,033,033

 

American Funds IS International Growth and Income Class 4

 

11,352,023

 

4,536,220

 

American Funds IS Managed Risk Asset Allocation Class P2

 

38,618,001

 

17,619,387

 

American Funds IS New World Fund Class 4

 

18,615,699

 

8,118,398

 

American Funds IS U.S. Government/AAA-Rated Securities Class 4

 

16,091,525

 

23,754,615

 

BlackRock Capital Appreciation V.I. Class III

 

4,659,229

 

7,613,992

 

BlackRock Global Allocation V.I. Class III

 

113,981,768

 

309,766,379

 

BlackRock iShares Alternative Strategies V.I. Class I

 

2,538,607

 

2,260,311

 

BlackRock iShares Dynamic Allocation V.I. Class I

 

5,913,821

 

2,600,032

 

BlackRock iShares Dynamic Fixed Income V.I. Class I

 

6,340,216

 

3,161,921

 

BlackRock iShares Equity Appreciation V.I. Class I

 

4,480,550

 

2,407,045

 

Fidelity VIP Contrafund Service Class 2

 

52,933,297

 

18,243,101

 

Fidelity VIP FundsManager 60% Service Class 2

 

53,386,709

 

29,424,440

 

Fidelity VIP Government Money Market Service Class

 

242,569,664

 

286,644,246

 

Fidelity VIP Strategic Income Service Class 2

 

24,352,616

 

10,350,032

 

First Trust Dorsey Wright Tactical Core Class I

 

7,540,909

 

1,904,883

 

First Trust/Dow Jones Dividend & Income Allocation Class I

 

142,787,478

 

82,332,166

 

First Trust Multi Income Allocation Class I

 

2,878,435

 

3,159,208

 

Franklin Founding Funds Allocation VIP Class 2

 

3,477,536

 

1,522,469

 

Franklin Founding Funds Allocation VIP Class 4

 

44,120,306

 

58,929,919

 

Franklin Income VIP Class 2

 

21,728,482

 

6,510,260

 

Franklin Mutual Global Discovery VIP Class 2

 

37,860,275

 

25,260,345

 

Franklin Rising Dividends VIP Class 2

 

35,864,590

 

29,643,873

 

Templeton Global Bond VIP Class 2

 

20,465,907

 

14,389,883

 

Ivy VIP Asset Strategy

 

1,506,344

 

3,737,752

 

Ivy VIP Energy

 

9,613,837

 

11,607,422

 

Janus Henderson Balanced Service Shares

 

349,697,646

 

130,779,142

 

Janus Henderson Flexible Bond Service Shares

 

7,384,457

 

5,315,236

 

JPMorgan Insurance Trust Core Bond Class 1

 

14,292

 

70,480

 

JPMorgan Insurance Trust Global Allocation Class 2

 

4,508,314

 

530,520

 

JPMorgan Insurance Trust Income Builder Class 2

 

3,431,890

 

2,025,440

 

 

I-4



 

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

 

Variable Accounts

 

Purchases

 

Sales

 

JPMorgan Insurance Trust Mid Cap Value Class 1

 

$

4,929

 

$

12,803

 

JPMorgan Insurance Trust U.S. Equity Class 1

 

1,140

 

1,485

 

ClearBridge Variable Aggressive Growth - Class II

 

4,717,647

 

2,110,464

 

Lord Abbett Bond Debenture Class VC

 

33,732,516

 

15,257,947

 

Lord Abbett International Equity Class VC

 

4,282,585

 

9,799,141

 

Lord Abbett Total Return Class VC

 

31,645,985

 

21,793,025

 

MFS Total Return Series - Service Class

 

98,063,684

 

53,437,817

 

MFS Utilities Series - Service Class

 

10,580,361

 

9,034,898

 

MFS Value Series - Service Class

 

7,715,050

 

7,151,837

 

MFS Massachusetts Investors Growth Stock - Service Class

 

4,870,970

 

11,149,972

 

Neuberger Berman U.S. Equity Index PutWrite Strategy Class S

 

290,007

 

83,628

 

Oppenheimer Global Fund/VA Service Shares

 

16,641,990

 

2,661,249

 

Oppenheimer International Growth Fund/VA Service Shares

 

7,556,386

 

1,600,251

 

PIMCO All Asset All Authority - Advisor Class

 

429,312

 

1,359,334

 

PIMCO CommodityRealReturn Strategy - Advisor Class 

 

2,880,093

 

2,764,382

 

Jennison Class II

 

 

292,547

 

SP International Growth Class II

 

 

204,545

 

SP Prudential U.S. Emerging Growth Class II

 

211

 

330,622

 

Value Class II

 

 

29,291

 

Schwab VIT Balanced

 

9,727,787

 

7,742,035

 

Schwab VIT Balanced with Growth

 

12,855,806

 

12,637,410

 

Schwab VIT Growth

 

11,580,862

 

13,301,169

 

State Street Total Return V.I.S. Class 3

 

42,363,084

 

75,712,799

 

VanEck VIP Global Hard Assets Class S

 

6,182,676

 

9,679,672

 

 

7. FAIR VALUE MEASUREMENTS

 

The Variable Accounts characterize their holdings in the Portfolios as Level 1, Level 2, or Level 3 based upon the various inputs or methodologies used to value the holdings. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

 

Level 1 — Quoted prices (unadjusted) in active markets for identical holdings

 

Level 2 — Significant observable market-based inputs, other than Level 1 quoted prices, or unobservable inputs that are corroborated by market data

 

Level 3 — Significant unobservable inputs that are not corroborated by observable market data

 

The inputs or methodologies used for valuing the Variable Accounts’ holdings are not necessarily an indication of risks associated with investing in those holdings. As of December 31, 2017, the Variable Accounts’ holdings as presented in the Schedule of Investments in Section G of this report were all categorized as Level 1 under the three-tier hierarchy of inputs.

 

8. CHANGES IN UNITS OUTSTANDING

 

The changes in units outstanding for the year or period ended December 31, 2017 and 2016 were as follows:

 

 

 

2017

 

2016

 

 

 

Units

 

Units

 

Net Increase

 

Units

 

Units

 

Net Increase

 

Variable Accounts

 

Issued

 

Redeemed

 

(Decrease)

 

Issued

 

Redeemed

 

(Decrease)

 

Core Income

 

536,558

 

(164,626

)

371,932

 

636,385

 

(301,276

)

335,109

 

Diversified Bond

 

3,178,887

 

(2,418,210

)

760,677

 

5,536,610

 

(4,567,265

)

969,345

 

Floating Rate Income

 

2,037,993

 

(1,827,363

)

210,630

 

2,154,392

 

(2,321,350

)

(166,958

)

Floating Rate Loan

 

4,320,065

 

(4,264,399

)

55,666

 

3,754,047

 

(3,290,654

)

463,393

 

High Yield Bond

 

3,472,397

 

(4,227,338

)

(754,941

)

5,680,797

 

(5,145,594

)

535,203

 

Inflation Managed

 

1,990,396

 

(2,677,329

)

(686,933

)

2,012,953

 

(3,456,825

)

(1,443,872

)

Inflation Strategy

 

352,846

 

(304,612

)

48,234

 

464,497

 

(740,795

)

(276,298

)

Managed Bond

 

4,286,317

 

(4,994,296

)

(707,979

)

4,514,087

 

(6,439,619

)

(1,925,532

)

Short Duration Bond

 

7,116,030

 

(5,886,076

)

1,229,954

 

7,431,047

 

(7,798,518

)

(367,471

)

Emerging Markets Debt

 

1,543,734

 

(937,822

)

605,912

 

1,371,862

 

(1,180,116

)

191,746

 

Comstock

 

1,388,249

 

(2,264,581

)

(876,332

)

1,261,972

 

(2,292,576

)

(1,030,604

)

Developing Growth

 

624,478

 

(1,267,469

)

(642,991

)

1,423,923

 

(1,946,405

)

(522,482

)

Dividend Growth

 

2,050,369

 

(2,456,152

)

(405,783

)

3,811,591

 

(2,998,405

)

813,186

 

Equity Index

 

11,206,056

 

(4,804,880

)

6,401,176

 

10,029,189

 

(6,020,736

)

4,008,453

 

Focused Growth

 

1,387,591

 

(1,244,604

)

142,987

 

1,540,262

 

(2,226,488

)

(686,226

)

Growth

 

1,586,810

 

(1,283,254

)

303,556

 

1,416,105

 

(2,020,158

)

(604,053

)

Large-Cap Growth

 

2,596,620

 

(2,331,011

)

265,609

 

1,432,726

 

(3,685,156

)

(2,252,430

)

Large-Cap Value

 

1,392,757

 

(2,019,776

)

(627,019

)

1,461,418

 

(2,310,997

)

(849,579

)

Long/Short Large-Cap

 

329,165

 

(415,391

)

(86,226

)

244,780

 

(680,489

)

(435,709

)

Main Street Core

 

1,010,664

 

(2,103,263

)

(1,092,599

)

1,728,542

 

(2,238,037

)

(509,495

)

Mid-Cap Equity

 

1,675,349

 

(1,560,626

)

114,723

 

1,249,876

 

(1,928,223

)

(678,347

)

Mid-Cap Growth

 

1,625,123

 

(2,043,652

)

(418,529

)

1,632,126

 

(2,565,612

)

(933,486

)

Mid-Cap Value

 

1,091,071

 

(925,063

)

166,008

 

1,176,209

 

(1,044,392

)

131,817

 

Small-Cap Equity

 

820,759

 

(950,227

)

(129,468

)

1,244,744

 

(767,123

)

477,621

 

Small-Cap Index

 

2,890,211

 

(1,938,885

)

951,326

 

1,601,284

 

(1,717,353

)

(116,069

)

Small-Cap Value

 

1,282,700

 

(1,400,066

)

(117,366

)

1,516,660

 

(1,199,979

)

316,681

 

Value Advantage

 

813,207

 

(651,912

)

161,295

 

937,774

 

(310,310

)

627,464

 

 

I-5



 

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

 

 

 

2017

 

2016

 

 

 

Units

 

Units

 

Net Increase

 

Units

 

Units

 

Net Increase

 

Variable Accounts

 

Issued

 

Redeemed

 

(Decrease)

 

Issued

 

Redeemed

 

(Decrease)

 

Emerging Markets

 

2,951,580

 

(2,134,451

)

817,129

 

2,356,077

 

(2,462,639

)

(106,562

)

International Large-Cap

 

2,074,178

 

(3,883,530

)

(1,809,352

)

2,529,496

 

(3,467,500

)

(938,004

)

International Small-Cap

 

749,142

 

(915,708

)

(166,566

)

799,874

 

(1,550,217

)

(750,343

)

International Value

 

1,181,050

 

(2,197,738

)

(1,016,688

)

1,625,589

 

(2,624,611

)

(999,022

)

Health Sciences

 

1,803,965

 

(1,894,522

)

(90,557

)

2,092,537

 

(3,154,428

)

(1,061,891

)

Real Estate

 

1,044,912

 

(1,268,311

)

(223,399

)

1,780,406

 

(2,071,138

)

(290,732

)

Technology

 

2,793,432

 

(2,060,394

)

733,038

 

1,924,938

 

(2,486,568

)

(561,630

)

Currency Strategies

 

79,000

 

(129,573

)

(50,573

)

402,197

 

(326,909

)

75,288

 

Diversified Alternatives

 

150,680

 

(53,704

)

96,976

 

79,534

 

(5,563

)

73,971

 

Equity Long/Short

 

532,691

 

(347,451

)

185,240

 

1,019,167

 

(685,858

)

333,309

 

Global Absolute Return

 

290,344

 

(175,148

)

115,196

 

260,440

 

(277,034

)

(16,594

)

Pacific Dynamix - Conservative Growth

 

5,460,408

 

(5,708,816

)

(248,408

)

8,830,381

 

(5,255,444

)

3,574,937

 

Pacific Dynamix - Moderate Growth

 

27,006,346

 

(16,043,249

)

10,963,097

 

24,005,002

 

(15,015,352

)

8,989,650

 

Pacific Dynamix - Growth

 

9,058,711

 

(6,590,728

)

2,467,983

 

6,481,284

 

(6,635,930

)

(154,646

)

Portfolio Optimization Conservative

 

14,293,374

 

(39,151,107

)

(24,857,733

)

49,570,116

 

(66,685,145

)

(17,115,029

)

Portfolio Optimization Moderate-Conservative

 

11,103,845

 

(38,893,504

)

(27,789,659

)

16,053,027

 

(46,947,978

)

(30,894,951

)

Portfolio Optimization Moderate

 

28,174,547

 

(131,499,431

)

(103,324,884

)

39,721,575

 

(149,764,065

)

(110,042,490

)

Portfolio Optimization Growth

 

16,887,960

 

(102,619,935

)

(85,731,975

)

16,558,453

 

(113,362,422

)

(96,803,969

)

Portfolio Optimization Aggressive-Growth

 

4,545,834

 

(22,076,892

)

(17,531,058

)

5,029,818

 

(23,872,474

)

(18,842,656

)

PSF DFA Balanced Allocation

 

5,798,064

 

(701,283

)

5,096,781

 

3,178,022

 

(131,770

)

3,046,252

 

Invesco V.I. Balanced-Risk Allocation Series II

 

4,589,542

 

(6,654,228

)

(2,064,686

)

6,509,747

 

(4,906,341

)

1,603,406

 

Invesco V.I. Equity and Income Series II

 

1,627,906

 

(1,341,550

)

286,356

 

1,608,938

 

(449,097

)

1,159,841

 

Invesco V.I. Global Real Estate Series II

 

288,467

 

(118,968

)

169,499

 

365,240

 

(164,056

)

201,184

 

American Century VP Mid Cap Value Class II

 

1,826,555

 

(1,826,800

)

(245

)

2,999,710

 

(884,524

)

2,115,186

 

American Funds IS Asset Allocation Class 4

 

47,159,493

 

(38,000,860

)

9,158,633

 

51,709,786

 

(36,368,119

)

15,341,667

 

American Funds IS Blue Chip Income and Growth Class 4

 

3,345,946

 

(2,099,285

)

1,246,661

 

5,035,357

 

(739,264

)

4,296,093

 

American Funds IS Bond Class 4

 

1,898,752

 

(350,650

)

1,548,102

 

1,940,645

 

(542,711

)

1,397,934

 

American Funds IS Capital Income Builder Class 4

 

1,788,870

 

(772,959

)

1,015,911

 

2,600,376

 

(692,891

)

1,907,485

 

American Funds IS Global Balanced Class 4

 

2,714,922

 

(315,259

)

2,399,663

 

943,214

 

(93,215

)

849,999

 

American Funds IS Global Bond Class 4

 

535,789

 

(132,798

)

402,991

 

546,371

 

(145,645

)

400,726

 

American Funds IS Global Growth and Income Class 4

 

1,126,619

 

(191,354

)

935,265

 

796,658

 

(109,334

)

687,324

 

American Funds IS Global Growth Class 4

 

2,039,109

 

(698,645

)

1,340,464

 

1,200,436

 

(1,747,353

)

(546,917

)

American Funds IS Global Small Capitalization Class 4

 

493,914

 

(57,185

)

436,729

 

256,232

 

(35,288

)

220,944

 

American Funds IS Growth Class 4

 

6,074,525

 

(4,833,195

)

1,241,330

 

4,676,554

 

(5,234,376

)

(557,822

)

American Funds IS Growth-Income Class 4

 

3,891,954

 

(4,370,383

)

(478,429

)

4,206,994

 

(3,899,044

)

307,950

 

American Funds IS High-Income Bond Class 4

 

1,120,111

 

(463,357

)

656,754

 

1,436,019

 

(498,605

)

937,414

 

American Funds IS International Class 4

 

2,190,468

 

(617,123

)

1,573,345

 

1,108,327

 

(496,623

)

611,704

 

American Funds IS International Growth and Income Class 4

 

1,087,611

 

(480,541

)

607,070

 

863,889

 

(503,453

)

360,436

 

American Funds IS Managed Risk Asset Allocation Class P2

 

3,477,845

 

(1,696,434

)

1,781,411

 

2,766,166

 

(1,094,529

)

1,671,637

 

American Funds IS New World Fund Class 4

 

1,835,459

 

(835,716

)

999,743

 

896,084

 

(341,685

)

554,399

 

American Funds IS U.S. Government/AAA-Rated Securities Class 4

 

1,665,562

 

(2,417,002

)

(751,440

)

5,838,001

 

(4,952,571

)

885,430

 

BlackRock Capital Appreciation V.I. Class III

 

57,566

 

(400,551

)

(342,985

)

176,566

 

(250,999

)

(74,433

)

BlackRock Global Allocation V.I. Class III

 

10,595,202

 

(27,943,658

)

(17,348,456

)

10,952,435

 

(32,867,675

)

(21,915,240

)

BlackRock iShares Alternative Strategies V.I. Class I

 

224,464

 

(215,147

)

9,317

 

521,892

 

(320,925

)

200,967

 

BlackRock iShares Dynamic Allocation V.I. Class I

 

535,144

 

(236,525

)

298,619

 

554,447

 

(325,829

)

228,618

 

BlackRock iShares Dynamic Fixed Income V.I. Class I

 

621,922

 

(319,281

)

302,641

 

639,418

 

(352,889

)

286,529

 

BlackRock iShares Equity Appreciation V.I. Class I

 

405,885

 

(217,480

)

188,405

 

381,675

 

(142,565

)

239,110

 

Fidelity VIP Contrafund Service Class 2

 

3,316,748

 

(1,529,911

)

1,786,837

 

3,007,056

 

(2,217,290

)

789,766

 

Fidelity VIP FundsManager 60% Service Class 2

 

4,373,328

 

(2,829,757

)

1,543,571

 

4,180,470

 

(5,171,325

)

(990,855

)

Fidelity VIP Government Money Market Service Class

 

30,722,574

 

(35,110,797

)

(4,388,223

)

41,389,551

 

(42,972,721

)

(1,583,170

)

Fidelity VIP Strategic Income Service Class 2

 

2,253,555

 

(1,076,201

)

1,177,354

 

1,707,290

 

(1,040,620

)

666,670

 

First Trust Dorsey Wright Tactical Core Class I

 

690,913

 

(171,891

)

519,022

 

853,867

 

(546,479

)

307,388

 

First Trust/Dow Jones Dividend & Income Allocation Class I

 

10,317,056

 

(7,446,637

)

2,870,419

 

22,300,824

 

(4,463,924

)

17,836,900

 

First Trust Multi Income Allocation Class I

 

245,447

 

(280,582

)

(35,135

)

278,006

 

(65,445

)

212,561

 

Franklin Founding Funds Allocation VIP Class 2

 

146,550

 

(98,520

)

48,030

 

262,816

 

(146,885

)

115,931

 

 

I-6



 

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

 

 

 

2017

 

2016

 

 

 

Units

 

Units

 

Net Increase

 

Units

 

Units

 

Net Increase

 

Variable Accounts

 

Issued

 

Redeemed

 

(Decrease)

 

Issued

 

Redeemed

 

(Decrease)

 

Franklin Founding Funds Allocation VIP Class 4

 

2,203,321

 

(4,573,881

)

(2,370,560

)

1,620,703

 

(6,513,883

)

(4,893,180

)

Franklin Income VIP Class 2

 

2,015,357

 

(650,059

)

1,365,298

 

1,608,521

 

(196,662

)

1,411,859

 

Franklin Mutual Global Discovery VIP Class 2

 

2,114,766

 

(2,108,136

)

6,630

 

2,305,065

 

(2,260,796

)

44,269

 

Franklin Rising Dividends VIP Class 2

 

2,293,670

 

(2,254,569

)

39,101

 

4,515,855

 

(2,644,304

)

1,871,551

 

Templeton Global Bond VIP Class 2

 

2,410,707

 

(1,732,869

)

677,838

 

2,500,840

 

(2,410,143

)

90,697

 

Ivy VIP Asset Strategy

 

148,119

 

(400,333

)

(252,214

)

387,000

 

(461,397

)

(74,397

)

Ivy VIP Energy

 

1,327,084

 

(1,562,714

)

(235,630

)

3,341,318

 

(1,195,955

)

2,145,363

 

Janus Aspen Series Balanced Service Shares

 

31,396,179

 

(15,002,857

)

16,393,322

 

32,173,787

 

(17,911,007

)

14,262,780

 

Janus Aspen Series Flexible Bond Service Shares

 

730,683

 

(561,576

)

169,107

 

1,614,023

 

(1,124,552

)

489,471

 

JPMorgan Insurance Trust Core Bond Class 1

 

330

 

(4,425

)

(4,095

)

10

 

(2,303

)

(2,293

)

JPMorgan Insurance Trust Global Allocation Class 2

 

375,769

 

(47,275

)

328,494

 

233,886

 

(78,107

)

155,779

 

JPMorgan Insurance Trust Income Builder Class 2

 

299,170

 

(186,959

)

112,211

 

560,871

 

(204,572

)

356,299

 

JPMorgan Insurance Trust Mid Cap Value Class 1

 

 

(432

)

(432

)

 

(63

)

(63

)

JPMorgan Insurance Trust U.S. Equity Class 1

 

 

(24

)

(24

)

1

 

(81

)

(80

)

ClearBridge Variable Aggressive Growth - Class II

 

411,320

 

(203,477

)

207,843

 

424,724

 

(113,693

)

311,031

 

Lord Abbett Bond Debenture Class VC

 

2,677,555

 

(1,424,721

)

1,252,834

 

2,513,782

 

(1,824,710

)

689,072

 

Lord Abbett International Equity Class VC

 

351,414

 

(770,888

)

(419,474

)

605,297

 

(547,871

)

57,426

 

Lord Abbett Total Return Class VC

 

3,496,613

 

(3,033,198

)

463,415

 

4,399,447

 

(4,118,777

)

280,670

 

MFS Total Return Series - Service Class

 

7,404,597

 

(5,072,833

)

2,331,764

 

10,536,414

 

(4,974,058

)

5,562,356

 

MFS Utilities Series - Service Class

 

840,732

 

(808,734

)

31,998

 

2,570,267

 

(2,101,962

)

468,305

 

MFS Value Series - Service Class

 

297,962

 

(454,197

)

(156,235

)

361,162

 

(582,118

)

(220,956

)

MFS Massachusetts Investors Growth Stock - Service Class 

 

187,688

 

(1,017,936

)

(830,248

)

421,031

 

(817,018

)

(395,987

)

Neuberger Berman U.S. Equity Index PutWrite Strategy Class S

 

29,336

 

(7,697

)

21,639

 

45,639

 

(7,101

)

38,538

 

Oppenheimer Global Fund/VA Service Shares

 

1,477,044

 

(263,504

)

1,213,540

 

200,338

 

(17,358

)

182,980

 

Oppenheimer International Growth Fund/VA Service Shares

 

711,352

 

(168,788

)

542,564

 

414,747

 

(85,796

)

328,951

 

PIMCO All Asset All Authority - Advisor Class

 

24,952

 

(138,902

)

(113,950

)

664,554

 

(494,268

)

170,286

 

PIMCO CommodityRealReturn Strategy - Advisor Class

 

403,482

 

(515,430

)

(111,948

)

1,024,881

 

(600,309

)

424,572

 

Jennison Class II

 

37,198

 

(48,612

)

(11,414

)

 

(1,979

)

(1,979

)

SP International Growth Class II

 

 

(11,356

)

(11,356

)

 

(2,181

)

(2,181

)

SP Prudential U.S. Emerging Growth Class II

 

 

(10,986

)

(10,986

)

 

(60

)

(60

)

Value Class II

 

 

(1,301

)

(1,301

)

 

(2,229

)

(2,229

)

Schwab VIT Balanced

 

791,857

 

(691,448

)

100,409

 

1,104,044

 

(689,305

)

414,739

 

Schwab VIT Balanced with Growth

 

918,280

 

(1,039,834

)

(121,554

)

1,495,588

 

(788,978

)

706,610

 

Schwab VIT Growth

 

834,200

 

(1,042,893

)

(208,693

)

1,258,993

 

(1,136,842

)

122,151

 

State Street Total Return V.I.S. Class 3

 

2,213,532

 

(4,728,810

)

(2,515,278

)

3,192,324

 

(5,592,562

)

(2,400,238

)

VanEck VIP Global Hard Assets Class S

 

939,020

 

(1,373,639

)

(434,619

)

2,944,366

 

(1,913,459

)

1,030,907

 

 

I-7



 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

To the Board of Directors of

Pacific Life Insurance Company:

 

Opinion on the Financial Statements and Financial Highlights

 

We have audited the accompanying statements of assets and liabilities of Separate Account A of Pacific Life Insurance Company (the “Separate Account”) comprising Core Income, Diversified Bond, Floating Rate Income, Floating Rate Loan, High Yield Bond, Inflation Managed, Inflation Strategy, Managed Bond, Short Duration Bond, Emerging Markets Debt, Comstock, Developing Growth, Dividend Growth, Equity Index, Focused Growth, Growth, Large-Cap Growth, Large-Cap Value, Long/Short Large-Cap, Main Street® Core, Mid-Cap Equity, Mid-Cap Growth, Mid-Cap Value, Small-Cap Equity, Small-Cap Index, Small-Cap Value, Value Advantage, Emerging Markets, International Large-Cap, International Small-Cap, International Value, Health Sciences, Real Estate, Technology, Currency Strategies, Diversified Alternatives, Equity Long/Short, Global Absolute Return, Pacific Dynamix - Conservative Growth, Pacific Dynamix - Moderate Growth, Pacific Dynamix - Growth, Portfolio Optimization Conservative, Portfolio Optimization Moderate-Conservative, Portfolio Optimization Moderate, Portfolio Optimization Growth, Portfolio Optimization Aggressive-Growth, PSF DFA Balanced Allocation, Invesco V.I. Balanced-Risk Allocation Series II, Invesco V.I. Equity and Income Series II, Invesco V.I. Global Real Estate Series II, American Century VP Mid Cap Value Class II, American Funds IS Asset Allocation Class 4, American Funds IS Blue Chip Income and Growth Class 4, American Funds IS Bond Class 4, American Funds IS Capital Income Builder® Class 4, American Funds IS Global Balanced Class 4, American Funds IS Global Bond Class 4, American Funds IS Global Growth and Income Class 4, American Funds IS Global Growth Class 4, American Funds IS Global Small Capitalization Class 4, American Funds IS Growth Class 4, American Funds IS Growth-Income Class 4, American Funds IS High-Income Bond Class 4, American Funds IS International Class 4, American Funds IS International Growth and Income Class 4, American Funds IS Managed Risk Asset Allocation Class P2, American Funds IS New World Fund® Class 4, American Funds IS U.S. Government/AAA-Rated Securities Class 4, BlackRock® Capital Appreciation V.I. Class III, BlackRock Global Allocation V.I. Class III, BlackRock iShares® Alternative Strategies V.I. Class I, BlackRock iShares Dynamic Allocation V.I. Class I, BlackRock iShares Dynamic Fixed Income V.I. Class I, BlackRock iShares Equity Appreciation V.I. Class I, Fidelity® VIP Contrafund® Service Class 2, Fidelity VIP FundsManager® 60% Service Class 2, Fidelity VIP Government Money Market Service Class, Fidelity VIP Strategic Income Service Class 2, First Trust Dorsey Wright Tactical Core Class I, First Trust/Dow Jones Dividend & Income Allocation Class I, First Trust Multi Income Allocation Class I, Franklin Founding Funds Allocation VIP Class 2, Franklin Founding Funds Allocation VIP Class 4, Franklin Income VIP Class 2, Franklin Mutual Global Discovery VIP Class 2, Franklin Rising Dividends VIP Class 2, Templeton Global Bond VIP Class 2, Ivy VIP Asset Strategy, Ivy VIP Energy, Janus Henderson Balanced Service Shares (formerly named Janus Aspen Series Balanced Service Shares), Janus Henderson Flexible Bond Service Shares (formerly named Janus Aspen Series Flexible Bond Service Shares), JPMorgan Insurance Trust Core Bond Class 1, JPMorgan Insurance Trust Global Allocation Class 2, JPMorgan Insurance Trust Income Builder Class 2, JPMorgan Insurance Trust Mid Cap Value Class 1, JPMorgan Insurance Trust U.S. Equity Class 1, ClearBridge Variable Aggressive Growth - Class II, Lord Abbett Bond Debenture Class VC, Lord Abbett International Equity Class VC (formerly named Lord Abbett International Core Equity Class VC), Lord Abbett Total Return Class VC, MFS® Total Return Series - Service Class, MFS Utilities Series - Service Class, MFS Value Series - Service Class, MFS Massachusetts Investors Growth Stock - Service Class, Neuberger Berman U.S. Equity Index PutWrite Strategy Class S (formerly named Neuberger Berman AMT Absolute Return Multi-Manager Class S), Oppenheimer Global Fund/VA Service Shares, Oppenheimer International Growth Fund/VA Service Shares, PIMCO All Asset All Authority - Advisor Class, PIMCO CommodityRealReturn® Strategy - Advisor Class, Jennison Class II, SP International Growth Class II, SP Prudential U.S. Emerging Growth Class II, Value Class II, Schwab VIT Balanced, Schwab VIT Balanced with Growth, Schwab VIT Growth, State Street Total Return V.I.S. Class 3, and VanEck VIP Global Hard Assets Class S Variable Accounts (collectively, the “Variable Accounts”) including the schedule of investments, as of December 31, 2017, the related statements of operations for the year then ended, the statements of changes in net assets for each of the periods presented, the financial highlights for each of the periods presented, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Variable Accounts constituting the Separate Account A of Pacific Life Insurance Company as of December 31, 2017, and the results of their operations for the year then ended, the changes in their net assets for each of the periods presented, and the financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America.

 

J-1



 

Basis for Opinion

 

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

 

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Separate Account is not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Separate Account’s internal control over financial reporting. Accordingly, we express no such opinion.

 

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of investments owned as of December 31, 2017, by correspondence with the transfer agents. We believe that our audits provide a reasonable basis for our opinion.

 

 

 

 

Costa Mesa, California

 

February 23, 2018

 

 

We have served as the auditor of one or more affiliated investment companies of Separate Account A of Pacific Life Insurance Company since 1996.

 

J-2



 

Pacific Life Insurance Company

Mailing Address:

P.O. Box 2378

Omaha, Nebraska 68103-2378

 

Form No. 2143-18A