TABLE OF CONTENTS

SEPARATE ACCOUNT A

Investments	SA-1
Financial Statements:
Statements of Assets and Liabilities	SA-6
Statements of Operations.	SA-26
Statements of Changes in Net Assets	SA-46
Notes to Financial Statements	SA-86
Report of Independent Registered Public Accounting Firm	SA-118

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
Bond Plus Class I *		28,982	$	287,442	$	294,025	$	3,967
Core Income Class I *		4,407,385		54,276,794		21,018,620		9,616,029
Diversified Bond Class I *		16,259,214		166,329,877		20,628,246		29,295,279
Floating Rate Income Class I *		10,705,679		178,527,485		45,007,845		56,786,141
Floating Rate Income Class P *		160,332		2,736,212		951,921		652,883
High Yield Bond Class I *		11,670,452		124,415,230		20,078,109		38,937,282
Inflation Managed Class I *		11,105,307		137,160,695		10,426,380		30,533,089
Intermediate Bond Class I *		4,131,886		38,747,052		21,829,925		5,183,956
Managed Bond Class I *		20,769,625		288,411,109		36,267,153		44,881,592
Short Duration Bond Class I *		25,933,249		291,379,010		51,550,895		66,997,275
Emerging Markets Debt Class I *		932,108		12,369,664		2,842,244		3,648,552
Dividend Growth Class I *		11,918,872		504,917,423		73,691,758		90,260,266
Equity Index Class I *		13,557,206		2,070,648,270		462,529,536		363,847,397
Focused Growth Class I *		4,251,928		313,241,352		79,476,424		61,174,506
Growth Class I *		6,318,667		504,032,890		86,027,915		91,543,945
Hedged Equity Class I *		26,260,533		347,343,968		119,878,219		45,985,338
Hedged Equity Class P *		354,575		4,724,492		1,732,085		214,650
Large-Cap Core Class I *		3,766,014		323,333,059		47,856,001		56,187,219
Large-Cap Growth Class I *		10,440,584		301,289,878		52,796,563		82,908,903
Large-Cap Plus Bond Alpha Class I *		380		3,910		7,773		3,836
Large-Cap Value Class I *		6,259,466		249,424,137		36,226,389		52,997,740
Mid-Cap Growth Class I *		10,656,913		290,040,345		52,147,583		56,620,803
Mid-Cap Plus Bond Alpha Class I *		6,757,403		253,381,186		45,989,397		45,857,693
Mid-Cap Value Class I *		4,197,637		136,989,035		34,343,129		26,355,971
QQQ® Plus Bond Alpha Class I *		257,682		2,668,459		2,739,715		4,746
Small-Cap Equity Class I *		2,031,952		66,236,104		14,754,348		18,832,404
Small-Cap Growth Class I *		4,461,027		127,191,937		19,641,056		23,156,266
Small-Cap Index Class I *		8,292,197		297,769,003		87,759,523		72,321,593
Small-Cap Plus Bond Alpha Class I *		4,961		50,355		51,022		28
Small-Cap Value Class I *		3,563,520		104,324,341		15,976,668		28,691,139
Value Class I *		6,874,716		152,920,189		9,640,315		31,447,406
Value Advantage Class I *		3,034,755		90,750,976		15,112,310		19,465,913
Emerging Markets Class I *		7,431,391		131,891,037		22,277,371		34,245,873
International Equity Plus Bond Alpha Class I *		1,478		14,335		17,555		3,093
International Growth Class I *		922,023		8,761,216		5,876,838		838,388
International Large-Cap Class I *		16,929,697		243,328,532		22,395,200		41,364,060
International Small-Cap Class I *		2,609,890		33,361,203		4,837,469		7,458,421
International Value Class I *		6,882,541		121,044,027		17,585,476		23,929,458
Health Sciences Class I *		3,829,153		251,212,557		27,497,330		61,327,133
Real Estate Class I *		2,761,925		99,665,662		9,225,687		25,031,802
Technology Class I *		13,651,918		304,781,425		69,961,169		76,190,653
ESG Diversified Class I *		2,296,964		26,625,260		6,219,396		3,372,900
ESG Diversified Class P *		7,775		90,786		92,252		201
ESG Diversified Growth Class I *		331,429		3,677,655		2,314,105		347,769
ESG Diversified Growth Class P *		4,890		54,567		319,922		331,953
PSF Avantis Balanced Allocation Class D *		15,842,980		289,374,932		19,843,469		65,464,767
PSF Avantis Balanced Allocation Class P *		107,136		1,982,543		86,212		219,898
Pacific Dynamix - Conservative Growth Class I *		18,644,907		401,449,801		24,507,221		84,397,878
Pacific Dynamix - Conservative Growth Class P *		55,485		1,207,078		4,268		388,726
Pacific Dynamix - Moderate Growth Class I *		73,239,291		2,220,678,790		116,684,088		399,344,340
Pacific Dynamix - Moderate Growth Class P *		61,073		1,871,184		934,052		36,222
Pacific Dynamix - Growth Class I *		44,521,438		1,629,886,164		68,932,724		253,202,284
Pacific Dynamix - Growth Class P *		104,964		3,882,798		222,831		640,685

See Notes to Financial Statements

SA-1

See explanation of symbol on page SA-5

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
Pacific Dynamix - Aggressive Growth Class I *		357,137	$	3,989,008	$	3,913,413	$	40,862
Portfolio Optimization Conservative Class I *		56,365,894		866,011,858		75,511,470		233,351,895
Portfolio Optimization Moderate-Conservative Class I *		70,409,476		1,283,055,822		25,196,134		249,160,443
Portfolio Optimization Moderate Class I *		278,283,749		5,965,859,529		46,154,679		1,057,352,761
Portfolio Optimization Growth Class I *		231,060,934		5,534,349,308		23,855,359		920,672,209
Portfolio Optimization Aggressive-Growth Class I *		48,762,932		1,252,399,827		16,875,952		200,590,720
Invesco Oppenheimer V.I. International Growth Series I		81,095		149,216		148,754		1,567
Invesco Oppenheimer V.I. International Growth Series II		10,515,428		20,610,240		6,813,686		4,368,987
Invesco® V.I. American Value Series I		61,368		1,083,754		1,134,404		78,737
Invesco® V.I. Balanced-Risk Allocation Series I		37,773		319,939		416,405		184,791
Invesco® V.I. Balanced-Risk Allocation Series II		28,234,987		233,503,344		30,703,647		50,372,525
Invesco® V.I. Discovery Mid Cap Growth Series I *		2,578		201,159		108,531		45,328
Invesco® V.I. Equity and Income Series II		3,584,629		62,121,626		13,864,456		9,224,672
Invesco® V.I. EQV International Equity Series I		14,501		486,058		512,236		1,471
Invesco® V.I. Global Real Estate Series II		633,467		8,266,739		2,349,469		2,532,223
Invesco® V.I. Global Series II		619,548		23,951,738		8,434,681		10,439,039
Invesco® V.I. Main Street Small Cap Fund® Series I		39,160		1,145,437		664,951		57,623
Invesco® V.I. Nasdaq 100 Buffer - December Series I		14,703		145,411		77,264		1,839
Invesco® V.I. Nasdaq 100 Buffer - December Series II		1,135,018		11,145,877		8,120,788		2,395,131
Invesco® V.I. Nasdaq 100 Buffer - June Series I		48,907		581,015		356,421		6,795
Invesco® V.I. Nasdaq 100 Buffer - June Series II		975,154		11,487,314		8,119,754		1,514,444
Invesco® V.I. Nasdaq 100 Buffer - March Series I		7,964		79,085		145,635		114,400
Invesco® V.I. Nasdaq 100 Buffer - March Series II		883,856		8,697,143		5,454,699		3,367,886
Invesco® V.I. Nasdaq 100 Buffer - September Series I		5,359		58,415		43,362		146
Invesco® V.I. Nasdaq 100 Buffer - September Series II		1,006,340		10,868,476		7,455,824		1,865,511
Invesco® V.I. S&P 500 Buffer - December Series I		46,703		542,223		591,607		427,336
Invesco® V.I. S&P 500 Buffer - December Series II		2,670,609		30,765,418		17,762,946		7,298,792
Invesco® V.I. S&P 500 Buffer - June Series I		113,296		1,459,249		279,616		420,342
Invesco® V.I. S&P 500 Buffer - June Series II		3,120,059		39,905,557		25,128,607		12,492,175
Invesco® V.I. S&P 500 Buffer - March Series I		5,890		67,799		171,747		114,149
Invesco® V.I. S&P 500 Buffer - March Series II		2,595,178		29,662,879		24,660,208		11,808,960
Invesco® V.I. S&P 500 Buffer - September Series I		41,497		470,987		45,728		10,219
Invesco® V.I. S&P 500 Buffer - September Series II		4,456,671		50,137,551		33,954,971		16,662,316
Invesco® V.I. Technology Series I		86,822		2,066,363		1,185,101		431,908
American Funds IS American High-Income Trust Class 4		7,502,913		75,554,338		35,178,365		14,547,654
American Funds IS Asset Allocation Class 1		537,212		13,989,010		7,365,673		960,717
American Funds IS Asset Allocation Class 4		152,065,567		3,863,986,056		737,729,904		668,939,854
American Funds IS Capital Income Builder® Class 1		128,677		1,594,303		649,302		126,339
American Funds IS Capital Income Builder® Class 4		11,069,998		136,825,181		25,146,246		22,581,187
American Funds IS Capital World Bond Class 1		54,611		525,907		395,750		50,324
American Funds IS Capital World Bond Class 4		2,648,563		24,817,035		6,319,537		3,654,146
American Funds IS Capital World Growth and Income Class 1		119,894		1,861,949		1,267,496		85,737
American Funds IS Capital World Growth and Income Class 4		6,140,461		92,598,146		21,120,869		15,101,175
American Funds IS Global Balanced Class 4		6,071,718		76,867,944		12,621,262		13,510,115
American Funds IS Global Growth Class 1		87,945		3,246,049		1,191,762		173,123
American Funds IS Global Growth Class 4		5,621,068		201,964,966		51,731,112		31,866,513
American Funds IS Global Small Capitalization Class 4		2,933,518		49,899,147		13,304,104		6,587,838
American Funds IS Growth Class 1		96,644		12,319,163		7,923,614		2,086,905
American Funds IS Growth Class 4		9,071,401		1,110,158,060		321,176,277		223,600,595
American Funds IS Growth-Income Class 1		74,010		5,150,325		2,523,729		1,073,978
American Funds IS Growth-Income Class 4		9,398,113		630,989,281		138,331,635		94,249,170
American Funds IS International Class 1		87,944		1,568,914		1,085,992		64,391
American Funds IS International Class 4		5,264,747		91,922,491		16,384,243		16,798,510
American Funds IS International Growth and Income Class 1		76,334		777,847		530,426		66,024
American Funds IS International Growth and Income Class 4		5,752,677		56,031,073		9,840,610		9,902,767
American Funds IS Managed Risk Asset Allocation Class P1		265,842		3,509,108		826,557		145,988
American Funds IS Managed Risk Asset Allocation Class P2		14,512,067		185,464,221		25,365,652		32,270,755

See Notes to Financial Statements

SA-2

See explanation of symbol on page SA-5

SEPARATE ACCOUNT A
INVESTMENTS (Continued)
DECEMBER 31, 2024

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
American Funds IS New World Fund® Class 1		153,637	$	4,097,510	$	2,505,860	$	243,561
American Funds IS New World Fund® Class 4		2,994,441		78,154,899		15,315,825		12,516,476
American Funds IS The Bond Fund of America Class 1		990,889		9,185,539		5,749,146		277,956
American Funds IS The Bond Fund of America Class 4		21,083,688		191,229,049		66,761,765		27,406,579
American Funds IS U.S. Government Securities Class 1		362,026		3,471,830		1,467,814		58,732
American Funds IS U.S. Government Securities Class 4		5,844,758		55,174,512		17,637,223		15,634,929
American Funds IS Washington Mutual Investors Class 1		296,070		4,991,746		2,716,363		472,838
American Funds IS Washington Mutual Investors Class 4		18,996,224		310,398,299		80,961,169		42,144,808
BlackRock® 60/40 Target Allocation ETF V.I. Class I		21,940,581		299,488,928		99,368,332		40,169,266
BlackRock® Capital Appreciation V.I. Class III		5,703,070		39,864,460		16,339,627		9,415,549
BlackRock® Equity Dividend V.I. Class I		252,772		2,669,270		1,982,678		191,803
BlackRock® Global Allocation V.I. Class I		92,460		1,523,745		424,073		52,510
BlackRock® Global Allocation V.I. Class III		84,112,980		1,084,216,313		128,254,816		217,543,095
BlackRock® High Yield V.I. Class I		284,270		1,964,304		896,271		291,806
BlackRock® S&P 500 Index V.I. Class I		145,008		5,083,995		3,411,569		819,560
BlackRock® Small Cap Index V.I. Class I		672,268		7,919,316		3,223,746		657,225
BlackRock® Total Return V.I. Class I		295,761		2,933,952		1,742,993		863,513
DFA VA Equity Allocation Institutional Class		89,789		1,424,054		1,157,455		67,321
DFA VA Global Bond Institutional Class		104,260		1,015,495		676,309		236,157
DFA VA Global Moderate Allocation Institutional Class		302,489		4,945,701		3,740,974		316,695
DFA VA International Small Institutional Class		125,744		1,457,372		928,282		51,121
DFA VA International Value Institutional Class		362,529		4,948,519		3,256,267		168,733
DFA VA Short-Term Fixed Institutional Class		596,136		6,003,091		2,657,233		536,274
DFA VA US Large Value Institutional Class		282,312		9,189,266		5,062,607		476,418
DFA VA US Targeted Value Institutional Class		211,375		4,770,732		2,824,888		211,579
Fidelity® VIP Consumer Discretionary Initial Class		1,926		79,958		58,643		3,811
Fidelity® VIP Contrafund® Initial Class		136,910		7,932,542		5,719,075		1,176,433
Fidelity® VIP Contrafund® Service Class 2		10,257,001		569,263,543		246,833,054		95,303,810
Fidelity® VIP Emerging Markets Initial Class		202,200		2,321,258		1,064,144		131,303
Fidelity® VIP Energy Initial Class		75,816		1,909,803		615,106		210,134
Fidelity® VIP Extended Market Index Initial Class		309,381		4,439,611		1,949,933		1,012,665
Fidelity® VIP FundsManager® 60% Investor Class		32,183,900		335,034,395		99,313,716		3,363,120
Fidelity® VIP FundsManager® 60% Service Class 2		40,120,930		416,054,047		42,861,624		70,664,695
Fidelity® VIP Government Money Market Initial Class		24,580,022		24,580,022		28,791,491		23,704,828
Fidelity® VIP Government Money Market Service Class		515,058,964		515,058,922		433,323,186		420,174,076
Fidelity® VIP Growth Opportunities Initial Class *		20,794		1,725,931		750,070		136,998
Fidelity® VIP Index 500 Initial Class		18,084		10,299,098		4,315,413		1,807,742
Fidelity® VIP Investment Grade Bond Initial Class		557,298		6,119,132		4,325,625		1,900,052
Fidelity® VIP Strategic Income Service Class 2		9,131,416		96,519,068		30,717,331		23,612,767
Fidelity® VIP Value Strategies Initial Class		156,106		2,421,206		1,722,090		458,061
First Trust Dorsey Wright Tactical Core Class I		3,067,245		39,138,044		7,629,578		9,185,854
First Trust/Dow Jones Dividend & Income Allocation Class I		40,936,034		555,911,344		55,122,581		114,876,909
Franklin Allocation VIP Class 2		4,523,970		23,705,603		2,161,650		3,430,119
Franklin Allocation VIP Class 4		41,662,318		227,059,632		20,007,577		46,333,186
Franklin Income VIP Class 1		78,170		1,181,932		817,650		12,837
Franklin Income VIP Class 2		5,511,506		79,145,220		39,849,214		21,188,120
Franklin Mutual Global Discovery VIP Class 2		7,901,956		138,600,302		20,831,660		27,667,264
Franklin Mutual Shares VIP Class 1		10,846		182,641		112,972		109,663
Franklin Rising Dividends VIP Class 1		110,283		3,255,559		1,848,111		270,641
Franklin Rising Dividends VIP Class 2		8,957,241		251,519,319		50,031,517		45,979,550
Franklin Small Cap Value VIP Class 1		71,020		1,088,022		819,417		35,151
Franklin Small-Mid Cap Growth VIP Class 1 *		85,934		1,631,888		744,511		197,745
Franklin Strategic Income VIP Class 1		223,153		2,086,484		1,554,667		318,451
Templeton Foreign VIP Class 1		7,377		103,869		65,978		103,799
Templeton Global Bond VIP Class 1 *		30,317		365,626		60,450		31,441
Templeton Global Bond VIP Class 2 *		3,912,736		44,526,934		7,743,221		11,561,883

See Notes to Financial Statements

SA-3

See explanation of symbol on page SA-5

SEPARATE ACCOUNT A
INVESTMENTS (Continued)
DECEMBER 31, 2024

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
Goldman Sachs VIT Large Cap Value Institutional Shares		23,280	$	200,676	$	196,544	$	78,086
Goldman Sachs VIT Mid Cap Value Institutional Shares		30,492		514,395		330,387		92,827
Goldman Sachs VIT Strategic Growth Institutional Shares		44,814		689,684		93,175		20,780
Goldman Sachs VIT Trends Driven Allocation Institutional Shares		2,880		35,684		27,325		130,478
Janus Henderson Balanced Institutional Shares		81,354		4,166,935		2,270,244		529,430
Janus Henderson Balanced Service Shares		112,568,345		6,122,592,277		591,634,968		886,023,271
Janus Henderson Enterprise Institutional Shares		22,109		1,861,094		948,125		85,893
Janus Henderson Flexible Bond Service Shares		3,101,779		33,716,342		10,462,852		7,280,031
LVIP American Century Inflation Protection Standard Class II		37,555		345,053		376,858		18,293
LVIP American Century MidCap Value Standard Class II		27,723		544,953		414,875		613,564
LVIP American Century MidCap Value Service Class		4,439,442		87,363,775		17,412,061		26,692,476
LVIP JPMorgan Core Bond Standard Class		346,472		3,329,598		1,688,714		101,421
LVIP JPMorgan Mid Cap Value Standard Class		19,572		190,745		95,347		67,296
LVIP JPMorgan U.S. Equity Standard Class		1,190		52,927		34,942		471
Western Asset Core Plus VIT Class I		404,308		1,827,474		2,112,634		2,425,292
Lord Abbett Bond Debenture Class VC		13,862,050		144,165,325		30,082,117		21,168,508
Lord Abbett Total Return Class VC		16,293,419		226,315,586		28,099,731		32,499,161
Macquarie VIP Asset Strategy Series Service Class		5,504,748		51,139,105		27,090,104		8,580,342
Macquarie VIP Energy Series Service Class		8,810,185		41,231,667		15,670,721		18,347,125
MFS® International Growth - Initial Class		113,589		1,793,565		463,121		93,346
MFS® Massachusetts Investors Growth Stock - Service Class		2,943,410		68,669,745		7,501,617		13,280,753
MFS® New Discovery Series - Initial Class *		81,107		1,120,084		299,321		64,530
MFS® Total Return Series - Service Class		18,897,618		427,842,072		63,891,505		78,309,925
MFS® Utilities Series - Initial Class		26,411		903,782		716,000		71,877
MFS® Utilities Series - Service Class		1,684,185		56,285,475		13,233,678		17,041,749
MFS® Value Series - Initial Class		66,191		1,431,709		592,872		77,079
MFS® Value Series - Service Class		3,488,042		73,283,763		8,617,502		11,771,621
TOPS® Aggressive Growth ETF Class 1		26,963		565,958		125,485		25,268
TOPS® Balanced ETF Class 1		10,840		158,592		4,052		2,546
TOPS® Conservative ETF Class 1		25,749		331,391		177,780		121,884
TOPS® Growth ETF Class 1		37,124		753,980		228,425		9,026
TOPS® Managed Risk Balanced ETF Class 1		46,647		652,125		20,534		9,135
TOPS® Managed Risk Growth ETF Class 1		50,997		654,796		430,556		4,686
TOPS® Managed Risk Moderate Growth ETF Class 1		19,593		247,655		245,032		2,302
TOPS® Moderate Growth ETF Class 1		5,188		79,476		62,519		395
PIMCO CommodityRealReturn® Strategy - Advisor Class		3,027,557		16,833,216		4,820,087		7,063,016
PIMCO Emerging Markets Bond - Institutional Class		35,951		382,517		366,604		162,952
PIMCO Income - Advisor Class		7,338,883		72,581,557		48,001,335		17,529,983
PIMCO Long-Term U.S. Government - Institutional Class		127,183		924,618		842,846		352,429
PIMCO Low Duration - Institutional Class		558,831		5,387,127		2,023,669		203,765
PIMCO Total Return - Institutional Class		659,894		5,965,441		3,901,872		352,440
Schwab S&P 500 Index		780,553		67,478,815		22,012,376		4,625,357
Schwab VIT Balanced		3,767,262		53,683,486		7,005,320		15,240,818
Schwab VIT Balanced with Growth		7,845,490		132,588,788		8,308,918		17,643,939
Schwab VIT Growth		7,360,664		146,109,183		5,832,769		22,202,684
State Street Total Return V.I.S. Class 3		1,460,158		22,880,677		5,681,406		273,444,688
T. Rowe Price Blue Chip Growth - I		40,546		2,436,382		1,399,185		1,185,221
T. Rowe Price Equity Income - I		33,479		951,813		569,884		92,198
T. Rowe Price Health Sciences - I		22,641		1,160,577		763,313		79,340
VanEck VIP Global Resources Class S		780,308		18,766,419		5,422,046		6,909,175
Vanguard® VIF Balanced		960,399		23,789,084		10,797,467		3,513,511
Vanguard® VIF Capital Growth		58,372		2,973,481		954,399		361,827
Vanguard® VIF Conservative Allocation		265,008		6,606,650		1,444,532		1,149,444
Vanguard® VIF Diversified Value		280,772		4,674,859		3,447,234		232,269
Vanguard® VIF Equity Income		259,251		6,496,820		3,328,628		526,278
Vanguard® VIF Equity Index		56,589		4,082,324		851,120		533,351
Vanguard® VIF Global Bond Index		97,960		1,803,444		747,452		446,636

See Notes to Financial Statements

SA-4

See explanation of symbol on page SA-5

SEPARATE ACCOUNT A
INVESTMENTS (Continued)
DECEMBER 31, 2024

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
Vanguard® VIF Growth		229,394	$	7,716,804	$	3,560,471	$	1,356,247
Vanguard® VIF High Yield Bond		512,487		3,792,402		2,181,055		389,949
Vanguard® VIF International		139,802		3,578,927		2,108,928		115,723
Vanguard® VIF Mid-Cap Index		504,367		13,537,200		6,104,071		643,921
Vanguard® VIF Moderate Allocation		663,378		20,398,867		4,691,223		2,964,909
Vanguard® VIF Real Estate Index		279,480		3,281,090		1,306,205		327,890
Vanguard® VIF Short-Term Investment-Grade		1,321,856		13,773,741		8,037,737		1,110,825
Vanguard® VIF Total Bond Market Index		3,228,297		33,767,986		20,860,075		1,710,293
Vanguard® VIF Total International Stock Market Index		850,921		18,192,699		7,385,864		1,012,220
Vanguard® VIF Total Stock Market Index		398,984		22,406,917		10,578,870		2,312,876

* The variable account did not receive any dividend or capital gain distributions from its underlying portfolio during the reporting period.

See Notes to Financial Statements

SA-5

See explanation of symbol on page SA-5

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES

DECEMBER 31, 2024

	Variable Accounts
	Bond		Core		Diversified		Floating		Floating		High Yield
	Plus		Income		Bond		Rate Income		Rate Income		Bond
	Class I		Class I		Class I		Class I		Class P		Class I
ASSETS
Investments in mutual funds, at value	$	287,442	$	54,276,794	$	166,329,877	$	178,527,485	$	2,736,212	$	124,415,230
Receivables:
Due from Pacific Life Insurance Company		16,628		35,436		110,081		-		6,551		-
Investments sold		-		-		-		36,013		-		68,197
Total Assets		304,070		54,312,230		166,439,958		178,563,498		2,742,763		124,483,427
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		-		-		43,310		-		65,021
Investments purchased		16,647		37,923		109,148		-		6,605		-
Total Liabilities		16,647		37,923		109,148		43,310		6,605		65,021
NET ASSETS	$	287,423	$	54,274,307	$	166,330,810	$	178,520,188	$	2,736,158	$	124,418,406
NET ASSETS CONSIST OF:
Accumulation units		287,423		54,226,621		166,195,973		178,342,675		2,736,158		124,274,240
Contracts in payout (annuitization) period		-		47,686		134,837		177,513		-		144,166
NET ASSETS	$	287,423	$	54,274,307	$	166,330,810	$	178,520,188	$	2,736,158	$	124,418,406
Units Outstanding		28,918		4,937,317		14,502,107		12,810,447		221,272		6,614,942
Accumulation Unit Value		$9.93 - $9.95		$9.36 - $11.92		$8.28 - $16.11		$10.94 - $15.91		$12.32 - $12.39		$10.04 - $33.15
Cost of Investments	$	290,042	$	49,310,617	$	138,633,950	$	124,236,331	$	2,332,892	$	57,818,533

	Inflation		Intermediate		Managed		Short Duration		Emerging		Dividend
	Managed		Bond		Bond		Bond		Markets Debt		Growth
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	137,160,695	$	38,747,052	$	288,411,109	$	291,379,010	$	12,369,664	$	504,917,423
Receivables:
Due from Pacific Life Insurance Company		-		34,881		-		-		32,961		-
Investments sold		465,043		-		58,729		129,570		-		11,233
Total Assets		137,625,738		38,781,933		288,469,838		291,508,580		12,402,625		504,928,656
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		460,143		-		54,388		127,524		-		10,791
Investments purchased		-		36,246		-		-		33,413		-
Total Liabilities		460,143		36,246		54,388		127,524		33,413		10,791
NET ASSETS	$	137,165,595	$	38,745,687	$	288,415,450	$	291,381,056	$	12,369,212	$	504,917,865
NET ASSETS CONSIST OF:
Accumulation units		137,107,013		38,698,374		288,047,662		290,905,967		12,366,330		504,313,101
Contracts in payout (annuitization) period		58,582		47,313		367,788		475,089		2,882		604,764
NET ASSETS	$	137,165,595	$	38,745,687	$	288,415,450	$	291,381,056	$	12,369,212	$	504,917,865
Units Outstanding		9,387,905		4,134,304		19,826,118		26,874,316		1,101,171		17,898,168
Accumulation Unit Value		$9.29 - $24.63		$8.85 - $10.81		$9.13 - $25.42		$9.62 - $13.72		$9.86 - $12.90		$12.35 - $52.45
Cost of Investments	$	109,901,348	$	37,297,541	$	215,045,302	$	237,117,431	$	9,094,883	$	88,410,880

See Notes to Financial Statements

SA-6

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts

	Equity		Focused				Hedged		Hedged		Large-Cap
	Index		Growth		Growth		Equity		Equity		Core
	Class I		Class I		Class I		Class I		Class P		Class I
ASSETS
Investments in mutual funds, at value	$	2,070,648,270	$	313,241,352	$	504,032,890	$	347,343,968	$	4,724,492	$	323,333,059
Receivables:
Due from Pacific Life Insurance Company		-		76,076		-		732,883		-		-
Investments sold		165,681		-		465,176		-		3,653		377,418
Total Assets		2,070,813,951		313,317,428		504,498,066		348,076,851		4,728,145		323,710,477
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		166,300		-		466,572		-		3,747		374,632
Investments purchased		-		75,905		-		738,363		-		-
Total Liabilities		166,300		75,905		466,572		738,363		3,747		374,632
NET ASSETS	$	2,070,647,651	$	313,241,523	$	504,031,494	$	347,338,488	$	4,724,398	$	323,335,845
NET ASSETS CONSIST OF:
Accumulation units		2,070,168,767		313,153,221		503,395,049		347,338,488		4,724,398		322,250,260
Contracts in payout (annuitization) period		478,884		88,302		636,445		-		-		1,085,585
NET ASSETS	$	2,070,647,651	$	313,241,523	$	504,031,494	$	347,338,488	$	4,724,398	$	323,335,845
Units Outstanding		72,108,071		9,418,387		11,311,160		27,315,721		367,683		8,479,147
Accumulation Unit Value		$13.86 - $99.29		$12.42 - $120.07		$13.60 - $129.10		$12.30 - $13.41		$12.80 - $12.87		$13.31 - $72.76
Cost of Investments	$	512,492,889	$	46,279,588	$	80,251,649	$	279,972,217	$	3,850,870	$	47,971,535

			Large-Cap						Mid-Cap
	Large-Cap		Plus Bond		Large-Cap		Mid-Cap		Plus Bond		Mid-Cap
	Growth		Alpha		Value		Growth		Alpha		Value
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	301,289,878	$	3,910	$	249,424,137	$	290,040,345	$	253,381,186	$	136,989,035
Receivables:
Due from Pacific Life Insurance Company		-		-		-		42,897		-		849,093
Investments sold		329,198		-		244,854		-		67,909		-
Total Assets		301,619,076		3,910		249,668,991		290,083,242		253,449,095		137,838,128
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		327,374		-		241,527		-		65,646		-
Investments purchased		-		-		-		40,032		-		848,080
Total Liabilities		327,374		-		241,527		40,032		65,646		848,080
NET ASSETS	$	301,291,702	$	3,910	$	249,427,464	$	290,043,210	$	253,383,449	$	136,990,048
NET ASSETS CONSIST OF:
Accumulation units		300,793,282		3,910		249,070,119		289,842,679		253,151,538		136,825,327
Contracts in payout (annuitization) period		498,420		-		357,345		200,531		231,911		164,721
NET ASSETS	$	301,291,702	$	3,910	$	249,427,464	$	290,043,210	$	253,383,449	$	136,990,048
Units Outstanding		8,617,832		382		9,411,720		11,298,405		8,210,846		5,600,885
Accumulation Unit Value		$12.83 - $68.27		$10.24 - $10.24		$11.69 - $44.54		$8.95 - $44.32		$10.72 - $70.52		$11.66 - $54.36
Cost of Investments	$	43,832,799	$	3,970	$	48,472,024	$	52,697,545	$	54,879,507	$	50,441,522

See Notes to Financial Statements

SA-7

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	QQQ								Small-Cap
	Plus Bond		Small-Cap		Small-Cap		Small-Cap		Plus Bond		Small-Cap
	Alpha		Equity		Growth		Index		Alpha		Value
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	2,668,459	$	66,236,104	$	127,191,937	$	297,769,003	$	50,355	$	104,324,341
Receivables:
Due from Pacific Life Insurance Company		-		57,146		-		-		-		326,678
Investments sold		78		-		13,895		167,135		2		-
Total Assets		2,668,537		66,293,250		127,205,832		297,936,138		50,357		104,651,019
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		171		-		10,697		167,009		4		-
Investments purchased		-		57,019		-		-		-		323,514
Total Liabilities		171		57,019		10,697		167,009		4		323,514
NET ASSETS	$	2,668,366	$	66,236,231	$	127,195,135	$	297,769,129	$	50,353	$	104,327,505
NET ASSETS CONSIST OF:
Accumulation units		2,668,366		66,212,731		126,992,690		297,614,216		50,353		104,253,417
Contracts in payout (annuitization) period		-		23,500		202,445		154,913		-		74,088
NET ASSETS	$	2,668,366	$	66,236,231	$	127,195,135	$	297,769,129	$	50,353	$	104,327,505
Units Outstanding		255,353		2,936,301		5,169,292		13,282,416		5,000		4,324,481
Accumulation Unit Value		$10.44 - $10.47		$10.10 - $48.54		$7.89 - $38.54		$9.53 - $49.74		$10.07 - $10.07		$8.96 - $68.12
Cost of Investments	$	2,735,019	$	20,085,682	$	27,930,659	$	78,152,807	$	50,992	$	30,590,781

							International
							Equity
			Value		Emerging		Plus Bond		International		International
	Value		Advantage		Markets		Alpha		Growth		Large-Cap
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	152,920,189	$	90,750,976	$	131,891,037	$	14,335	$	8,761,216	$	243,328,532
Receivables:
Due from Pacific Life Insurance Company		120,387		602,083		66,325		-		-		-
Investments sold		-		-		-		-		496		15,148
Total Assets		153,040,576		91,353,059		131,957,362		14,335		8,761,712		243,343,680
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		-		-		-		864		9,652
Investments purchased		116,073		604,472		64,076		-		-		-
Total Liabilities		116,073		604,472		64,076		-		864		9,652
NET ASSETS	$	152,924,503	$	90,748,587	$	131,893,286	$	14,335	$	8,760,848	$	243,334,028
NET ASSETS CONSIST OF:
Accumulation units		152,738,828		90,700,797		131,780,457		14,335		8,760,848		242,909,262
Contracts in payout (annuitization) period		185,675		47,790		112,829		-		-		424,766
NET ASSETS	$	152,924,503	$	90,748,587	$	131,893,286	$	14,335	$	8,760,848	$	243,334,028
Units Outstanding		6,320,991		4,022,859		8,690,152		1,478		821,510		11,985,114
Accumulation Unit Value		$11.53 - $34.93		$12.11 - $28.54		$6.53 - $67.09		$9.70 - $9.70		$8.90 - $12.56		$10.41 - $37.98
Cost of Investments	$	35,594,984	$	48,219,954	$	43,143,561	$	14,424	$	8,293,905	$	71,059,932

See Notes to Financial Statements

SA-8

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	International		International		Health		Real				ESG
	Small-Cap		Value		Sciences		Estate		Technology		Diversified
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	33,361,203	$	121,044,027	$	251,212,557	$	99,665,662	$	304,781,425	$	26,625,260
Receivables:
Due from Pacific Life Insurance Company		5,640		-		290,780		-		-		-
Investments sold		-		37,605		-		65,385		163,740		-
Total Assets		33,366,843		121,081,632		251,503,337		99,731,047		304,945,165		26,625,260
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		34,788		-		60,356		162,814		1,061
Investments purchased		3,532		-		285,091		-		-		141
Total Liabilities		3,532		34,788		285,091		60,356		162,814		1,202
NET ASSETS	$	33,363,311	$	121,046,844	$	251,218,246	$	99,670,691	$	304,782,351	$	26,624,058
NET ASSETS CONSIST OF:
Accumulation units		33,336,432		120,826,811		250,966,522		99,422,967		304,612,639		26,624,058
Contracts in payout (annuitization) period		26,879		220,033		251,724		247,724		169,712		-
NET ASSETS	$	33,363,311	$	121,046,844	$	251,218,246	$	99,670,691	$	304,782,351	$	26,624,058
Units Outstanding		2,208,121		7,674,294		7,304,618		3,651,762		9,050,561		2,388,828
Accumulation Unit Value		$8.96 - $22.83		$9.45 - $19.79		$9.42 - $100.41		$9.82 - $72.16		$10.51 - $50.44		$10.75 - $12.68
Cost of Investments	$	11,983,225	$	52,105,946	$	28,818,860	$	18,751,564	$	54,614,116	$	22,473,438

											Pacific
			ESG		ESG		PSF Avantis		PSF Avantis		Dynamix -
	ESG		Diversified		Diversified		Balanced		Balanced		Conservative
	Diversified		Growth		Growth		Allocation		Allocation		Growth
	Class P		Class I		Class P		Class D		Class P		Class I
ASSETS
Investments in mutual funds, at value	$	90,786	$	3,677,655	$	54,567	$	289,374,932	$	1,982,543	$	401,449,801
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		92		584		84		38,017		1,293		145,626
Total Assets		90,878		3,678,239		54,651		289,412,949		1,983,836		401,595,427
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		95		734		81		42,254		1,321		143,534
Investments purchased		-		-		-		-		-		-
Total Liabilities		95		734		81		42,254		1,321		143,534
NET ASSETS	$	90,783	$	3,677,505	$	54,570	$	289,370,695	$	1,982,515	$	401,451,893
NET ASSETS CONSIST OF:
Accumulation units		90,783		3,677,505		54,570		289,316,397		1,982,515		400,970,892
Contracts in payout (annuitization) period		-		-		-		54,298		-		481,001
NET ASSETS	$	90,783	$	3,677,505	$	54,570	$	289,370,695	$	1,982,515	$	401,451,893
Units Outstanding		8,120		306,832		4,377		18,849,181		169,188		24,352,134
Accumulation Unit Value		$11.18 - $11.18		$10.41 - $13.14		$12.47 - $12.47		$10.92 - $17.59		$11.72 - $11.72		$10.27 - $24.59
Cost of Investments	$	92,049	$	3,279,821	$	41,363	$	183,763,230	$	1,703,215	$	214,618,264

See Notes to Financial Statements

SA-9

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	Pacific		Pacific		Pacific						Pacific
	Dynamix -		Dynamix -		Dynamix -		Pacific		Pacific		Dynamix -
	Conservative		Moderate		Moderate		Dynamix -		Dynamix -		Aggressive
	Growth		Growth		Growth		Growth		Growth		Growth
	Class P		Class I		Class P		Class I		Class P		Class I
ASSETS
Investments in mutual funds, at value	$	1,207,078	$	2,220,678,790	$	1,871,184	$	1,629,886,164	$	3,882,798	$	3,989,008
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		1,969		810,614		1,770		533,995		8,931		-
Total Assets		1,209,047		2,221,489,404		1,872,954		1,630,420,159		3,891,729		3,989,008
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		1,980		807,921		1,813		532,600		9,030		163
Investments purchased		-		-		-		-		-		19
Total Liabilities		1,980		807,921		1,813		532,600		9,030		182
NET ASSETS	$	1,207,067	$	2,220,681,483	$	1,871,141	$	1,629,887,559	$	3,882,699	$	3,988,826
NET ASSETS CONSIST OF:
Accumulation units		1,207,067		2,219,632,577		1,871,141		1,629,197,465		3,882,699		3,988,826
Contracts in payout (annuitization) period		-		1,048,906		-		690,094		-		-
NET ASSETS	$	1,207,067	$	2,220,681,483	$	1,871,141	$	1,629,887,559	$	3,882,699	$	3,988,826
Units Outstanding		112,988		120,109,754		162,429		71,031,647		322,389		359,413
Accumulation Unit Value		$10.66 - $10.73		$10.72 - $32.12		$11.47 - $11.53		$11.18 - $40.06		$11.98 - $12.05		$11.04 - $11.16
Cost of Investments	$	1,073,529	$	994,008,684	$	1,680,956	$	855,900,336	$	3,211,830	$	3,872,216

			Portfolio						Portfolio		Invesco
	Portfolio		Optimization		Portfolio		Portfolio		Optimization		Oppenheimer
	Optimization		Moderate-		Optimization		Optimization		Aggressive-		V.I. International
	Conservative		Conservative		Moderate		Growth		Growth		Growth
	Class I		Class I		Class I		Class I		Class I		Series I
ASSETS
Investments in mutual funds, at value	$	866,011,858	$	1,283,055,822	$	5,965,859,529	$	5,534,349,308	$	1,252,399,827	$	149,216
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		1,151,679		483,709		2,002,734		1,878,113		468,575		150
Total Assets		867,163,537		1,283,539,531		5,967,862,263		5,536,227,421		1,252,868,402		149,366
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		1,145,152		474,057		1,987,850		1,866,307		461,680		153
Investments purchased		-		-		-		-		-		-
Total Liabilities		1,145,152		474,057		1,987,850		1,866,307		461,680		153
NET ASSETS	$	866,018,385	$	1,283,065,474	$	5,965,874,413	$	5,534,361,114	$	1,252,406,722	$	149,213
NET ASSETS CONSIST OF:
Accumulation units		863,732,136		1,280,985,258		5,957,852,558		5,529,970,995		1,252,074,008		149,213
Contracts in payout (annuitization) period		2,286,249		2,080,216		8,021,855		4,390,119		332,714		-
NET ASSETS	$	866,018,385	$	1,283,065,474	$	5,965,874,413	$	5,534,361,114	$	1,252,406,722	$	149,213
Units Outstanding		67,872,242		84,393,003		335,388,596		279,231,374		59,241,258		16,495
Accumulation Unit Value		$9.74 - $15.05		$9.98 - $17.78		$10.60 - $21.01		$10.62 - $23.99		$10.83 - $26.38		$9.00 - $9.05
Cost of Investments	$	550,038,846	$	682,710,605	$	2,664,819,691	$	2,183,282,574	$	454,616,292	$	170,989

See Notes to Financial Statements

SA-10

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	Invesco								Invesco V.I.
	Oppenheimer		Invesco V.I.		Invesco V.I.		Invesco V.I.		Discovery		Invesco V.I.
	V.I. International		American		Balanced-Risk		Balanced-Risk		Mid Cap		Equity and
	Growth		Value		Allocation		Allocation		Growth		Income
	Series II		Series I		Series I		Series II		Series I		Series II
ASSETS
Investments in mutual funds, at value	$	20,610,240	$	1,083,754	$	319,939	$	233,503,344	$	201,159	$	62,121,626
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		836		941		738		59,063		4,171		21,650
Total Assets		20,611,076		1,084,695		320,677		233,562,407		205,330		62,143,276
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		1,657		957		742		51,210		4,185		25,006
Investments purchased		-		-		-		-		-		-
Total Liabilities		1,657		957		742		51,210		4,185		25,006
NET ASSETS	$	20,609,419	$	1,083,738	$	319,935	$	233,511,197	$	201,145	$	62,118,270
NET ASSETS CONSIST OF:
Accumulation units		20,583,766		1,083,738		319,935		233,421,093		201,145		62,118,270
Contracts in payout (annuitization) period		25,653		-		-		90,104		-		-
NET ASSETS	$	20,609,419	$	1,083,738	$	319,935	$	233,511,197	$	201,145	$	62,118,270
Units Outstanding		1,605,246		62,793		32,407		15,956,508		19,269		3,589,728
Accumulation Unit Value		$8.56 - $15.03		$17.17 - $17.27		$9.82 - $9.87		$9.29 - $24.42		$10.38 - $10.44		$11.33 - $20.20
Cost of Investments	$	20,927,048	$	1,116,275	$	346,401	$	268,235,986	$	164,766	$	58,077,743

									Invesco V.I.		Invesco V.I.
	Invesco V.I.		Invesco V.I.				Invesco V.I.		Nasdaq 100		Nasdaq 100
	EQV International		Global		Invesco V.I.		Main Street		Buffer -		Buffer -
	Equity		Real Estate		Global		Small Cap Fund		December		December
	Series I		Series II		Series II		Series I		Series I		Series II
ASSETS
Investments in mutual funds, at value	$	486,058	$	8,266,739	$	23,951,738	$	1,145,437	$	145,411	$	11,145,877
Receivables:
Due from Pacific Life Insurance Company		-		9,161		-		-		-		-
Investments sold		6		-		21,772		988		163		334
Total Assets		486,064		8,275,900		23,973,510		1,146,425		145,574		11,146,211
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		24		-		22,736		1,018		166		878
Investments purchased		-		9,666		-		-		-		-
Total Liabilities		24		9,666		22,736		1,018		166		878
NET ASSETS	$	486,040	$	8,266,234	$	23,950,774	$	1,145,407	$	145,408	$	11,145,333
NET ASSETS CONSIST OF:
Accumulation units		486,040		8,266,234		23,932,058		1,145,407		145,408		11,145,333
Contracts in payout (annuitization) period		-		-		18,716		-		-		-
NET ASSETS	$	486,040	$	8,266,234	$	23,950,774	$	1,145,407	$	145,408	$	11,145,333
Units Outstanding		50,600		844,377		1,244,494		95,710		13,554		960,633
Accumulation Unit Value		$9.61 - $9.61		$8.40 - $11.46		$10.81 - $23.77		$11.93 - $12.00		$10.73 - $10.73		$10.33 - $13.08
Cost of Investments	$	520,864	$	8,602,509	$	20,926,908	$	1,032,699	$	145,188	$	10,374,943

See Notes to Financial Statements

SA-11

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	Invesco V.I.		Invesco V.I.		Invesco V.I.		Invesco V.I.		Invesco V.I.		Invesco V.I.
	Nasdaq 100		Nasdaq 100		Nasdaq 100		Nasdaq 100		Nasdaq 100		Nasdaq 100
	Buffer -		Buffer -		Buffer -		Buffer -		Buffer -		Buffer -
	June		June		March		March		September		September
	Series I		Series II		Series I		Series II		Series I		Series II
ASSETS
Investments in mutual funds, at value	$	581,015	$	11,487,314	$	79,085	$	8,697,143	$	58,415	$	10,868,476
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		1,414		16,361		97		457		14		349
Total Assets		582,429		11,503,675		79,182		8,697,600		58,429		10,868,825
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		1,421		16,973		100		964		15		776
Investments purchased		-		-		-		-		-		-
Total Liabilities		1,421		16,973		100		964		15		776
NET ASSETS	$	581,008	$	11,486,702	$	79,082	$	8,696,636	$	58,414	$	10,868,049
NET ASSETS CONSIST OF:
Accumulation units		581,008		11,486,702		79,082		8,696,636		58,414		10,868,049
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	581,008	$	11,486,702	$	79,082	$	8,696,636	$	58,414	$	10,868,049
Units Outstanding		38,393		784,844		6,257		663,258		4,674		815,895
Accumulation Unit Value		$15.13 - $15.13		$14.42 - $15.08		$12.64 - $12.64		$12.19 - $14.45		$12.50 - $12.50		$11.90 - $14.01
Cost of Investments	$	605,409	$	11,656,728	$	77,217	$	8,592,536	$	56,185	$	10,472,499

	Invesco V.I.		Invesco V.I.		Invesco V.I.		Invesco V.I.		Invesco V.I.		Invesco V.I.
	S&P 500		S&P 500		S&P 500		S&P 500		S&P 500		S&P 500
	Buffer -		Buffer -		Buffer -		Buffer -		Buffer -		Buffer -
	December		December		June		June		March		March
	Series I		Series II		Series I		Series II		Series I		Series II
ASSETS
Investments in mutual funds, at value	$	542,223	$	30,765,418	$	1,459,249	$	39,905,557	$	67,799	$	29,662,879
Receivables:
Due from Pacific Life Insurance Company		-		67,304		-		-		-		-
Investments sold		168		-		3,609		37,715		132		1,280
Total Assets		542,391		30,832,722		1,462,858		39,943,272		67,931		29,664,159
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		175		-		3,630		39,484		134		2,935
Investments purchased		-		68,632		-		-		-		-
Total Liabilities		175		68,632		3,630		39,484		134		2,935
NET ASSETS	$	542,216	$	30,764,090	$	1,459,228	$	39,903,788	$	67,797	$	29,661,224
NET ASSETS CONSIST OF:
Accumulation units		542,216		30,764,090		1,459,228		39,903,788		67,797		29,661,224
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	542,216	$	30,764,090	$	1,459,228	$	39,903,788	$	67,797	$	29,661,224
Units Outstanding		45,479		2,514,209		106,914		2,999,214		5,470		2,312,963
Accumulation Unit Value		$11.92 - $11.92		$11.40 - $13.43		$13.65 - $13.65		$13.17 - $13.61		$12.40 - $12.40		$11.93 - $13.59
Cost of Investments	$	483,335	$	27,170,980	$	1,296,779	$	37,150,260	$	63,338	$	27,607,074

See Notes to Financial Statements

SA-12

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	Invesco V.I.		Invesco V.I.				American Funds
	S&P 500		S&P 500				IS American
	Buffer -		Buffer -		Invesco V.I.		High-Income		American Funds		American Funds
	September		September		Technology		Trust		IS Asset Allocation		IS Asset Allocation
	Series I		Series II		Series I		Class 4		Class 1		Class 4
ASSETS
Investments in mutual funds, at value	$	470,987	$	50,137,551	$	2,066,363	$	75,554,338	$	13,989,010	$	3,863,986,056
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		743		1,588		1,895		76,090		29,525		983,130
Total Assets		471,730		50,139,139		2,068,258		75,630,428		14,018,535		3,864,969,186
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		750		2,973		1,941		78,407		29,780		982,452
Investments purchased		-		-		-		-		-		-
Total Liabilities		750		2,973		1,941		78,407		29,780		982,452
NET ASSETS	$	470,980	$	50,136,166	$	2,066,317	$	75,552,021	$	13,988,755	$	3,863,986,734
NET ASSETS CONSIST OF:
Accumulation units		470,980		50,136,166		2,066,317		75,523,243		13,988,755		3,862,653,340
Contracts in payout (annuitization) period		-		-		-		28,778		-		1,333,394
NET ASSETS	$	470,980	$	50,136,166	$	2,066,317	$	75,552,021	$	13,988,755	$	3,863,986,734
Units Outstanding		38,039		3,993,367		168,270		5,288,880		1,094,033		222,306,366
Accumulation Unit Value		$12.33 - $12.39		$11.80 - $13.13		$12.24 - $12.31		$10.05 - $16.18		$12.74 - $12.81		$11.44 - $20.85
Cost of Investments	$	409,350	$	47,474,637	$	1,500,780	$	74,905,106	$	13,163,397	$	3,240,278,299

									American Funds		American Funds
	American Funds		American Funds		American Funds		American Funds		IS Capital World		IS Capital World
	IS Capital		IS Capital		IS Capital		IS Capital		Growth and		Growth and
	Income Builder		Income Builder		World Bond		World Bond		Income		Income
	Class 1		Class 4		Class 1		Class 4		Class 1		Class 4
ASSETS
Investments in mutual funds, at value	$	1,594,303	$	136,825,181	$	525,907	$	24,817,035	$	1,861,949	$	92,598,146
Receivables:
Due from Pacific Life Insurance Company		-		45,432		-		-		-		3,169
Investments sold		13,191		-		539		1,212		2,291		-
Total Assets		1,607,494		136,870,613		526,446		24,818,247		1,864,240		92,601,315
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		13,224		-		554		2,234		2,321		-
Investments purchased		-		48,673		-		-		-		5,341
Total Liabilities		13,224		48,673		554		2,234		2,321		5,341
NET ASSETS	$	1,594,270	$	136,821,940	$	525,892	$	24,816,013	$	1,861,919	$	92,595,974
NET ASSETS CONSIST OF:
Accumulation units		1,594,270		136,749,172		525,892		24,796,650		1,861,919		92,506,286
Contracts in payout (annuitization) period		-		72,768		-		19,363		-		89,688
NET ASSETS	$	1,594,270	$	136,821,940	$	525,892	$	24,816,013	$	1,861,919	$	92,595,974
Units Outstanding		128,701		9,551,031		65,201		2,721,588		148,852		5,104,913
Accumulation Unit Value		$12.36 - $12.44		$11.09 - $16.19		$8.03 - $8.08		$7.89 - $10.45		$12.44 - $12.51		$11.37 - $21.06
Cost of Investments	$	1,511,043	$	109,041,160	$	549,752	$	28,194,345	$	1,703,081	$	80,987,856

See Notes to Financial Statements

SA-13

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
							American Funds
	American Funds		American Funds		American Funds		IS Global Small		American Funds		American Funds
	IS Global Balanced		IS Global Growth		IS Global Growth		Capitalization		IS Growth		IS Growth
	Class 4		Class 1		Class 4		Class 4		Class 1		Class 4
ASSETS
Investments in mutual funds, at value	$	76,867,944	$	3,246,049	$	201,964,966	$	49,899,147	$	12,319,163	$	1,110,158,060
Receivables:
Due from Pacific Life Insurance Company		34,827		-		-		29,760		-		720,025
Investments sold		-		6,989		18,334		-		8,649		-
Total Assets		76,902,771		3,253,038		201,983,300		49,928,907		12,327,812		1,110,878,085
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		7,061		22,671		-		8,872		-
Investments purchased		36,584		-		-		31,728		-		725,626
Total Liabilities		36,584		7,061		22,671		31,728		8,872		725,626
NET ASSETS	$	76,866,187	$	3,245,977	$	201,960,629	$	49,897,179	$	12,318,940	$	1,110,152,459
NET ASSETS CONSIST OF:
Accumulation units		76,855,052		3,245,977		201,778,485		49,883,271		12,318,940		1,108,396,023
Contracts in payout (annuitization) period		11,135		-		182,144		13,908		-		1,756,436
NET ASSETS	$	76,866,187	$	3,245,977	$	201,960,629	$	49,897,179	$	12,318,940	$	1,110,152,459
Units Outstanding		5,139,170		288,389		9,524,153		3,402,454		854,539		39,809,071
Accumulation Unit Value		$10.36 - $16.60		$11.20 - $11.27		$10.58 - $28.00		$7.87 - $16.51		$14.36 - $14.44		$13.53 - $45.37
Cost of Investments	$	72,530,964	$	2,963,985	$	161,481,045	$	54,507,845	$	9,794,622	$	691,954,410

									American Funds		American Funds
	American Funds		American Funds		American Funds		American Funds		IS International		IS International
	IS Growth-Income		IS Growth-Income		IS International		IS International		Growth and Income		Growth and Income
	Class 1		Class 4		Class 1		Class 4		Class 1		Class 4
ASSETS
Investments in mutual funds, at value	$	5,150,325	$	630,989,281	$	1,568,914	$	91,922,491	$	777,847	$	56,031,073
Receivables:
Due from Pacific Life Insurance Company		-		-		-		38,031		-		55,976
Investments sold		5,872		1,007,700		12,140		-		12,416		-
Total Assets		5,156,197		631,996,981		1,581,054		91,960,522		790,263		56,087,049
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		5,948		1,013,938		12,166		-		12,430		-
Investments purchased		-		-		-		40,514		-		58,187
Total Liabilities		5,948		1,013,938		12,166		40,514		12,430		58,187
NET ASSETS	$	5,150,249	$	630,983,043	$	1,568,888	$	91,920,008	$	777,833	$	56,028,862
NET ASSETS CONSIST OF:
Accumulation units		5,150,249		629,429,623		1,568,888		91,633,694		777,833		56,011,456
Contracts in payout (annuitization) period		-		1,553,420		-		286,314		-		17,406
NET ASSETS	$	5,150,249	$	630,983,043	$	1,568,888	$	91,920,008	$	777,833	$	56,028,862
Units Outstanding		332,311		26,469,401		177,181		7,412,672		75,835		4,495,593
Accumulation Unit Value		$15.42 - $15.51		$13.61 - $30.92		$8.81 - $8.86		$8.31 - $14.39		$10.21 - $10.27		$9.41 - $15.11
Cost of Investments	$	4,318,586	$	441,590,669	$	1,561,535	$	92,716,716	$	752,929	$	59,403,550

See Notes to Financial Statements

SA-14

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	American Funds		American Funds						American Funds		American Funds
	IS Managed Risk		IS Managed Risk		American Funds IS		American Funds IS		IS The Bond Fund		IS The Bond Fund
	Asset Allocation		Asset Allocation		New World Fund		New World Fund		of America		of America
	Class P1		Class P2		Class 1		Class 4		Class 1		Class 4
ASSETS
Investments in mutual funds, at value	$	3,509,108	$	185,464,221	$	4,097,510	$	78,154,899	$	9,185,539	$	191,229,049
Receivables:
Due from Pacific Life Insurance Company		-		10,933		-		-		-		28,092
Investments sold		3,842		-		5,022		21,677		26,206		-
Total Assets		3,512,950		185,475,154		4,102,532		78,176,576		9,211,745		191,257,141
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		3,889		-		5,096		23,510		26,482		-
Investments purchased		-		13,995		-		-		-		33,074
Total Liabilities		3,889		13,995		5,096		23,510		26,482		33,074
NET ASSETS	$	3,509,061	$	185,461,159	$	4,097,436	$	78,153,066	$	9,185,263	$	191,224,067
NET ASSETS CONSIST OF:
Accumulation units		3,509,061		185,440,391		4,097,436		78,113,872		9,185,263		191,148,634
Contracts in payout (annuitization) period		-		20,768		-		39,194		-		75,433
NET ASSETS	$	3,509,061	$	185,461,159	$	4,097,436	$	78,153,066	$	9,185,263	$	191,224,067
Units Outstanding		296,175		12,866,350		440,008		5,421,848		996,139		18,473,443
Accumulation Unit Value		$11.79 - $11.86		$10.80 - $17.97		$9.27 - $9.32		$8.76 - $17.39		$9.18 - $9.23		$8.98 - $11.01
Cost of Investments	$	3,061,543	$	170,868,943	$	4,099,728	$	64,764,387	$	9,527,694	$	210,050,528

	American Funds IS		American Funds IS		American Funds		American Funds		BlackRock		BlackRock
	U.S. Government		U.S. Government		IS Washington		IS Washington		60/40 Target		Capital
	Securities		Securities		Mutual Investors		Mutual Investors		Allocation ETF		Appreciation
	Class 1		Class 4		Class 1		Class 4		V.I. Class I		V.I. Class III
ASSETS
Investments in mutual funds, at value	$	3,471,830	$	55,174,512	$	4,991,746	$	310,398,299	$	299,488,928	$	39,864,460
Receivables:
Due from Pacific Life Insurance Company		-		-		-		613,541		790,010		-
Investments sold		4,530		155,940		12,623		-		-		48,998
Total Assets		3,476,360		55,330,452		5,004,369		311,011,840		300,278,938		39,913,458
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		4,577		157,411		12,710		-		-		47,620
Investments purchased		-		-		-		622,492		795,630		-
Total Liabilities		4,577		157,411		12,710		622,492		795,630		47,620
NET ASSETS	$	3,471,783	$	55,173,041	$	4,991,659	$	310,389,348	$	299,483,308	$	39,865,838
NET ASSETS CONSIST OF:
Accumulation units		3,471,783		55,118,462		4,991,659		310,136,723		299,483,308		39,799,618
Contracts in payout (annuitization) period		-		54,579		-		252,625		-		66,220
NET ASSETS	$	3,471,783	$	55,173,041	$	4,991,659	$	310,389,348	$	299,483,308	$	39,865,838
Units Outstanding		378,567		5,585,774		324,736		15,181,039		19,392,948		687,409
Accumulation Unit Value		$9.17 - $9.17		$8.92 - $10.76		$15.32 - $15.41		$13.10 - $25.25		$10.99 - $18.65		$47.06 - $65.99
Cost of Investments	$	3,622,084	$	59,906,738	$	4,450,155	$	248,093,621	$	276,742,804	$	41,273,845

See Notes to Financial Statements

SA-15

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	BlackRock		BlackRock		BlackRock
	Equity		Global		Global		BlackRock		BlackRock		BlackRock
	Dividend		Allocation		Allocation		High Yield		S&P 500 Index		Small Cap Index
	V.I. Class I		V.I. Class I		V.I. Class III		V.I. Class I		V.I. Class I		V.I. Class I
ASSETS
Investments in mutual funds, at value	$	2,669,270	$	1,523,745	$	1,084,216,313	$	1,964,304	$	5,083,995	$	7,919,316
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		4,271		2,261		456,568		18,555		6,478		13,156
Total Assets		2,673,541		1,526,006		1,084,672,881		1,982,859		5,090,473		7,932,472
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		4,312		2,291		445,967		18,599		6,584		13,271
Investments purchased		-		-		-		-		-		-
Total Liabilities		4,312		2,291		445,967		18,599		6,584		13,271
NET ASSETS	$	2,669,229	$	1,523,715	$	1,084,226,914	$	1,964,260	$	5,083,889	$	7,919,201
NET ASSETS CONSIST OF:
Accumulation units		2,669,229		1,523,715		1,083,247,561		1,964,260		5,083,889		7,919,201
Contracts in payout (annuitization) period		-		-		979,353		-		-		-
NET ASSETS	$	2,669,229	$	1,523,715	$	1,084,226,914	$	1,964,260	$	5,083,889	$	7,919,201
Units Outstanding		198,230		145,211		67,155,440		174,689		326,060		793,213
Accumulation Unit Value		$13.39 - $13.47		$10.44 - $10.50		$9.86 - $20.56		$11.18 - $11.25		$15.52 - $15.61		$9.93 - $9.99
Cost of Investments	$	2,812,192	$	1,427,999	$	992,739,592	$	1,889,312	$	4,469,856	$	7,548,303

							DFA VA		DFA VA		DFA VA
			DFA VA		DFA VA		Global Moderate		International		International
	BlackRock		Equity Allocation		Global Bond		Allocation		Small		Value
	Total Return		Institutional		Institutional		Institutional		Institutional		Institutional
	V.I. Class I		Class		Class		Class		Class		Class
ASSETS
Investments in mutual funds, at value	$	2,933,952	$	1,424,054	$	1,015,495	$	4,945,701	$	1,457,372	$	4,948,519
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		8,639
Investments sold		3,893		3,295		9,274		1,309		1,742		-
Total Assets		2,937,845		1,427,349		1,024,769		4,947,010		1,459,114		4,957,158
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		3,940		3,319		9,293		1,376		1,768		-
Investments purchased		-		-		-		-		-		8,725
Total Liabilities		3,940		3,319		9,293		1,376		1,768		8,725
NET ASSETS	$	2,933,905	$	1,424,030	$	1,015,476	$	4,945,634	$	1,457,346	$	4,948,433
NET ASSETS CONSIST OF:
Accumulation units		2,933,905		1,424,030		1,015,476		4,945,634		1,457,346		4,948,433
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	2,933,905	$	1,424,030	$	1,015,476	$	4,945,634	$	1,457,346	$	4,948,433
Units Outstanding		326,035		104,127		100,833		400,952		139,678		369,449
Accumulation Unit Value		$8.95 - $9.00		$13.61 - $13.69		$10.03 - $10.08		$12.26 - $12.34		$10.39 - $10.45		$13.33 - $13.41
Cost of Investments	$	2,988,729	$	1,372,826	$	1,040,592	$	4,846,468	$	1,525,396	$	5,041,583

See Notes to Financial Statements

SA-16

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	DFA VA		DFA VA		DFA VA US		Fidelity VIP
	Short-Term Fixed		US Large Value		Targeted Value		Consumer		Fidelity VIP		Fidelity VIP
	Institutional		Institutional		Institutional		Discretionary		Contrafund		Contrafund
	Class		Class		Class		Initial Class		Initial Class		Service Class 2
ASSETS
Investments in mutual funds, at value	$	6,003,091	$	9,189,266	$	4,770,732	$	79,958	$	7,932,542	$	569,263,543
Receivables:
Due from Pacific Life Insurance Company		-		-		616		-		-		-
Investments sold		5,927		27,843		-		76		18,957		130,064
Total Assets		6,009,018		9,217,109		4,771,348		80,034		7,951,499		569,393,607
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		6,018		28,024		-		77		19,097		135,611
Investments purchased		-		-		698		-		-		-
Total Liabilities		6,018		28,024		698		77		19,097		135,611
NET ASSETS	$	6,003,000	$	9,189,085	$	4,770,650	$	79,957	$	7,932,402	$	569,257,996
NET ASSETS CONSIST OF:
Accumulation units		6,003,000		9,189,085		4,770,650		79,957		7,932,402		569,171,181
Contracts in payout (annuitization) period		-		-		-		-		-		86,815
NET ASSETS	$	6,003,000	$	9,189,085	$	4,770,650	$	79,957	$	7,932,402	$	569,257,996
Units Outstanding		559,669		654,064		321,673		6,275		501,833		19,366,471
Accumulation Unit Value		$10.67 - $10.74		$13.98 - $14.06		$14.77 - $14.85		$12.74 - $12.74		$15.74 - $15.83		$14.58 - $47.46
Cost of Investments	$	6,053,104	$	9,222,951	$	4,784,856	$	63,349	$	7,362,064	$	404,471,139

					Fidelity VIP						Fidelity VIP
	Fidelity VIP		Fidelity VIP		Extended Market		Fidelity VIP		Fidelity VIP		Government
	Emerging Markets		Energy		Index		FundsManager 60%		FundsManager 60%		Money Market
	Initial Class		Initial Class		Initial Class		Investor Class		Service Class 2		Initial Class
ASSETS
Investments in mutual funds, at value	$	2,321,258	$	1,909,803	$	4,439,611	$	335,034,395	$	416,054,047	$	24,580,022
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		10,086		2,491		4,977		422,288		190,355		24,264
Total Assets		2,331,344		1,912,294		4,444,588		335,456,683		416,244,402		24,604,286
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		10,126		2,520		5,040		422,402		187,142		24,803
Investments purchased		-		-		-		-		-		-
Total Liabilities		10,126		2,520		5,040		422,402		187,142		24,803
NET ASSETS	$	2,321,218	$	1,909,774	$	4,439,548	$	335,034,281	$	416,057,260	$	24,579,483
NET ASSETS CONSIST OF:
Accumulation units		2,321,218		1,909,774		4,439,548		335,034,281		415,969,633		24,579,483
Contracts in payout (annuitization) period		-		-		-		-		87,627		-
NET ASSETS	$	2,321,218	$	1,909,774	$	4,439,548	$	335,034,281	$	416,057,260	$	24,579,483
Units Outstanding		278,268		83,443		389,781		27,949,033		25,196,844		2,237,013
Accumulation Unit Value		$8.30 - $8.35		$22.78 - $22.92		$11.33 - $11.40		$11.99 - $11.99		$10.55 - $22.96		$10.93 - $10.99
Cost of Investments	$	2,173,661	$	1,822,773	$	3,935,449	$	303,738,511	$	395,537,284	$	24,580,022

See Notes to Financial Statements

SA-17

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	Fidelity VIP		Fidelity VIP		Fidelity VIP				Fidelity VIP
	Government		Government		Growth		Fidelity VIP		Investment		Fidelity VIP
	Money Market		Money Market		Opportunities		Index 500		Grade Bond		Strategic Income
	Investor Class		Service Class		Initial Class		Initial Class		Initial Class		Service Class 2
ASSETS
Investments in mutual funds, at value	$	-	$	515,058,922	$	1,725,931	$	10,299,098	$	6,119,132	$	96,519,068
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		-		788,396		2,573		292,639		342,292		40,361
Total Assets		-		515,847,318		1,728,504		10,591,737		6,461,424		96,559,429
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		790,347		2,605		292,839		342,416		42,832
Investments purchased		-		-		-		-		-		-
Total Liabilities		-		790,347		2,605		292,839		342,416		42,832
NET ASSETS	$	-	$	515,056,971	$	1,725,899	$	10,298,898	$	6,119,008	$	96,516,597
NET ASSETS CONSIST OF:
Accumulation units		-		512,454,367		1,725,899		10,298,898		6,119,008		96,516,597
Contracts in payout (annuitization) period		-		2,602,604		-		-		-		-
NET ASSETS	$	-	$	515,056,971	$	1,725,899	$	10,298,898	$	6,119,008	$	96,516,597
Units Outstanding		-		49,720,573		139,938		661,015		662,321		7,861,941
Accumulation Unit Value		See Note (1)		$9.42 - $11.37		$12.27 - $12.34		$15.53 - $15.62		$9.19 - $9.24		$9.93 - $13.71
Cost of Investments	$	-	$	515,058,922	$	1,187,958	$	7,828,707	$	6,181,625	$	97,806,677

			First Trust		First Trust/Dow
	Fidelity VIP		Dorsey Wright		Jones Dividend &		Franklin		Franklin		Franklin
	Value Strategies		Tactical Core		Income Allocation		Allocation		Allocation		Income
	Initial Class		Class I		Class I		VIP Class 2		VIP Class 4		VIP Class 1
ASSETS
Investments in mutual funds, at value	$	2,421,206	$	39,138,044	$	555,911,344	$	23,705,603	$	227,059,632	$	1,181,932
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		12,051		2,163		8,505		522		43,001		1,034
Total Assets		2,433,257		39,140,207		555,919,849		23,706,125		227,102,633		1,182,966
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		12,101		2,604		6,292		939		37,881		1,053
Investments purchased		-		-		-		-		-		-
Total Liabilities		12,101		2,604		6,292		939		37,881		1,053
NET ASSETS	$	2,421,156	$	39,137,603	$	555,913,557	$	23,705,186	$	227,064,752	$	1,181,913
NET ASSETS CONSIST OF:
Accumulation units		2,421,156		39,137,603		555,665,687		23,698,972		226,989,297		1,181,913
Contracts in payout (annuitization) period		-		-		247,870		6,214		75,455		-
NET ASSETS	$	2,421,156	$	39,137,603	$	555,913,557	$	23,705,186	$	227,064,752	$	1,181,913
Units Outstanding		164,678		2,655,129		33,554,912		1,067,440		14,028,344		94,938
Accumulation Unit Value		$14.64 - $14.72		$10.18 - $17.08		$10.25 - $22.33		$19.58 - $23.69		$10.52 - $21.46		$12.38 - $12.45
Cost of Investments	$	2,541,983	$	32,581,212	$	489,730,582	$	24,529,880	$	211,647,017	$	1,207,315

(1) All units were fully redeemed or transferred prior to December 31, 2024 (See Financial Highlights for date of full redemption).

See Notes to Financial Statements

SA-18

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
			Franklin				Franklin		Franklin		Franklin
	Franklin		Mutual Global		Franklin		Rising		Rising		Small Cap
	Income		Discovery		Mutual Shares		Dividends		Dividends		Value
	VIP Class 2		VIP Class 2		VIP Class 1		VIP Class 1		VIP Class 2		VIP Class 1
ASSETS
Investments in mutual funds, at value	$	79,145,220	$	138,600,302	$	182,641	$	3,255,559	$	251,519,319	$	1,088,022
Receivables:
Due from Pacific Life Insurance Company		-		57,323		-		-		-		-
Investments sold		11,416		-		188		3,695		150,969		922
Total Assets		79,156,636		138,657,625		182,829		3,259,254		251,670,288		1,088,944
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		14,186		-		190		3,763		151,459		947
Investments purchased		-		54,782		-		-		-		-
Total Liabilities		14,186		54,782		190		3,763		151,459		947
NET ASSETS	$	79,142,450	$	138,602,843	$	182,639	$	3,255,491	$	251,518,829	$	1,087,997
NET ASSETS CONSIST OF:
Accumulation units		79,127,036		138,409,900		182,639		3,255,491		251,165,682		1,087,997
Contracts in payout (annuitization) period		15,414		192,943		-		-		353,147		-
NET ASSETS	$	79,142,450	$	138,602,843	$	182,639	$	3,255,491	$	251,518,829	$	1,087,997
Units Outstanding		5,730,019		6,425,805		13,747		236,501		9,835,922		85,264
Accumulation Unit Value		$11.15 - $15.81		$11.54 - $26.76		$13.29 - $13.29		$13.69 - $13.77		$12.04 - $35.51		$12.70 - $12.77
Cost of Investments	$	77,984,449	$	131,065,951	$	167,451	$	3,181,916	$	219,786,761	$	1,048,907

											Goldman Sachs
	Franklin		Franklin								VIT Large Cap
	Small-Mid		Strategic		Templeton		Templeton		Templeton		Value
	Cap Growth		Income		Foreign		Global Bond		Global Bond		Institutional
	VIP Class 1		VIP Class 1		VIP Class 1		VIP Class 1		VIP Class 2		Shares
ASSETS
Investments in mutual funds, at value	$	1,631,888	$	2,086,484	$	103,869	$	365,626	$	44,526,934	$	200,676
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		2,064		3,205		149		3,713		51,854		36
Total Assets		1,633,952		2,089,689		104,018		369,339		44,578,788		200,712
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		2,102		3,262		150		3,721		51,993		44
Investments purchased		-		-		-		-		-		-
Total Liabilities		2,102		3,262		150		3,721		51,993		44
NET ASSETS	$	1,631,850	$	2,086,427	$	103,868	$	365,618	$	44,526,795	$	200,668
NET ASSETS CONSIST OF:
Accumulation units		1,631,850		2,086,427		103,868		365,618		44,412,369		200,668
Contracts in payout (annuitization) period		-		-		-		-		114,426		-
NET ASSETS	$	1,631,850	$	2,086,427	$	103,868	$	365,618	$	44,526,795	$	200,668
Units Outstanding		174,418		206,666		9,614		44,528		5,887,141		13,764
Accumulation Unit Value		$9.31 - $9.37		$10.05 - $10.11		$10.75 - $10.81		$8.16 - $8.21		$6.59 - $9.76		$14.58 - $14.58
Cost of Investments	$	1,350,925	$	2,053,312	$	103,900	$	400,655	$	54,233,534	$	215,323

See Notes to Financial Statements

SA-19

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	Goldman Sachs		Goldman Sachs		Goldman Sachs
	VIT Mid Cap		VIT Strategic		VIT Trends		Janus		Janus		Janus
	Value		Growth		Driven Allocation		Henderson		Henderson		Henderson
	Institutional		Institutional		Institutional		Balanced		Balanced		Enterprise
	Shares		Shares		Shares		Institutional Shares		Service Shares		Institutional Shares
ASSETS
Investments in mutual funds, at value	$	514,395	$	689,684	$	35,684	$	4,166,935	$	6,122,592,277	$	1,861,094
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		532		944		-		19,609		6,232,988		5,446
Total Assets		514,927		690,628		35,684		4,186,544		6,128,825,265		1,866,540
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		541		974		-		19,685		6,233,654		5,488
Investments purchased		-		-		-		-		-		-
Total Liabilities		541		974		-		19,685		6,233,654		5,488
NET ASSETS	$	514,386	$	689,654	$	35,684	$	4,166,859	$	6,122,591,611	$	1,861,052
NET ASSETS CONSIST OF:
Accumulation units		514,386		689,654		35,684		4,166,859		6,121,384,497		1,861,052
Contracts in payout (annuitization) period		-		-		-		-		1,207,114		-
NET ASSETS	$	514,386	$	689,654	$	35,684	$	4,166,859	$	6,122,591,611	$	1,861,052
Units Outstanding		37,641		48,097		3,095		329,739		324,963,518		147,201
Accumulation Unit Value		$13.61 - $13.69		$14.31 - $14.40		$11.53 - $11.53		$12.64 - $12.64		$11.66 - $27.32		$12.61 - $12.69
Cost of Investments	$	527,344	$	510,541	$	35,834	$	3,700,409	$	4,232,382,886	$	1,685,322

			LVIP American		LVIP		LVIP
	Janus		Century		American		American
	Henderson		Inflation		Century		Century		LVIP JPMorgan		LVIP JPMorgan
	Flexible Bond		Protection		MidCap Value		MidCap Value		Core Bond		Mid Cap Value
	Service Shares		Standard Class II		Standard Class II		Service Class		Standard Class		Standard Class
ASSETS
Investments in mutual funds, at value	$	33,716,342	$	345,053	$	544,953	$	87,363,775	$	3,329,598	$	190,745
Receivables:
Due from Pacific Life Insurance Company		30,500		-		-		-		-		-
Investments sold		-		414		576		80,733		1,182		43
Total Assets		33,746,842		345,467		545,529		87,444,508		3,330,780		190,788
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		421		590		80,582		1,211		40
Investments purchased		31,743		-		-		-		-		-
Total Liabilities		31,743		421		590		80,582		1,211		40
NET ASSETS	$	33,715,099	$	345,046	$	544,939	$	87,363,926	$	3,329,569	$	190,748
NET ASSETS CONSIST OF:
Accumulation units		33,701,170		345,046		544,939		87,336,994		3,329,569		190,748
Contracts in payout (annuitization) period		13,929		-		-		26,932		-		-
NET ASSETS	$	33,715,099	$	345,046	$	544,939	$	87,363,926	$	3,329,569	$	190,748
Units Outstanding		3,289,500		33,870		41,254		3,981,983		355,939		7,921
Accumulation Unit Value		$8.97 - $11.15		$10.16 - $10.19		$13.15 - $13.23		$11.25 - $30.08		$9.15 - $14.69		$13.97 - $44.27
Cost of Investments	$	36,776,232	$	357,389	$	552,025	$	80,429,754	$	3,447,833	$	171,119

See Notes to Financial Statements

SA-20

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
					Lord Abbett				Macquarie
	LVIP JPMorgan		Western Asset		Bond		Lord Abbett		VIP Asset		Macquarie
	U.S. Equity		Core Plus VIT		Debenture		Total Return		Strategy Series		VIP Energy
	Standard Class		Class I		Class VC		Class VC		Service Class		Service Class
ASSETS
Investments in mutual funds, at value	$	52,927	$	1,827,474	$	144,165,325	$	226,315,586	$	51,139,105	$	41,231,667
Receivables:
Due from Pacific Life Insurance Company		-		-		18,832		-		-		-
Investments sold		2		20,243		-		53,354		18,187		1,211,244
Total Assets		52,929		1,847,717		144,184,157		226,368,940		51,157,292		42,442,911
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		3		20,300		-		53,912		20,747		1,211,962
Investments purchased		-		-		19,995		-		-		-
Total Liabilities		3		20,300		19,995		53,912		20,747		1,211,962
NET ASSETS	$	52,926	$	1,827,417	$	144,164,162	$	226,315,028	$	51,136,545	$	41,230,949
NET ASSETS CONSIST OF:
Accumulation units		52,926		1,827,417		143,993,160		225,792,454		51,134,789		41,230,949
Contracts in payout (annuitization) period		-		-		171,002		522,574		1,756		-
NET ASSETS	$	52,926	$	1,827,417	$	144,164,162	$	226,315,028	$	51,136,545	$	41,230,949
Units Outstanding		801		213,275		10,612,363		19,541,659		3,954,786		5,646,700
Accumulation Unit Value		$66.04 - $66.04		$8.53 - $8.58		$9.54 - $15.45		$9.12 - $13.18		$10.78 - $18.48		$6.16 - $14.86
Cost of Investments	$	40,206	$	1,973,504	$	156,627,292	$	258,068,250	$	47,564,704	$	18,832,196

			MFS
	MFS		Massachusetts		MFS		MFS		MFS		MFS
	International		Investors		New Discovery		Total Return		Utilities		Utilities
	Growth -		Growth Stock -		Series -		Series -		Series -		Series -
	Initial Class		Service Class		Initial Class		Service Class		Initial Class		Service Class
ASSETS
Investments in mutual funds, at value	$	1,793,565	$	68,669,745	$	1,120,084	$	427,842,072	$	903,782	$	56,285,475
Receivables:
Due from Pacific Life Insurance Company		13,341		-		4,131		-		-		-
Investments sold		-		39,709		-		44,493		944		1,529
Total Assets		1,806,906		68,709,454		1,124,215		427,886,565		904,726		56,287,004
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		38,259		-		42,703		955		1,220
Investments purchased		13,373		-		4,152		-		-		-
Total Liabilities		13,373		38,259		4,152		42,703		955		1,220
NET ASSETS	$	1,793,533	$	68,671,195	$	1,120,063	$	427,843,862	$	903,771	$	56,285,784
NET ASSETS CONSIST OF:
Accumulation units		1,793,533		68,469,681		1,120,063		427,619,071		903,771		56,284,263
Contracts in payout (annuitization) period		-		201,514		-		224,791		-		1,521
NET ASSETS	$	1,793,533	$	68,671,195	$	1,120,063	$	427,843,862	$	903,771	$	56,285,784
Units Outstanding		162,555		2,235,969		144,132		24,380,460		73,435		3,227,228
Accumulation Unit Value		$10.99 - $11.05		$28.70 - $30.88		$7.74 - $7.79		$10.56 - $23.62		$12.24 - $12.31		$9.64 - $22.72
Cost of Investments	$	1,631,336	$	50,797,313	$	1,288,293	$	407,998,743	$	930,798	$	46,184,484

See Notes to Financial Statements

SA-21

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	MFS		MFS
	Value		Value		TOPS		TOPS		TOPS		TOPS
	Series -		Series -		Aggressive Growth		Balanced		Conservative		Growth
	Initial Class		Service Class		ETF Class 1		ETF Class 1		ETF Class 1		ETF Class 1
ASSETS
Investments in mutual funds, at value	$	1,431,709	$	73,283,763	$	565,958	$	158,592	$	331,391	$	753,980
Receivables:
Due from Pacific Life Insurance Company		-		673		-		-		-		-
Investments sold		1,564		236		1,168		93		288		1,045
Total Assets		1,433,273		73,284,672		567,126		158,685		331,679		755,025
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		1,586		-		1,176		95		303		1,049
Investments purchased		-		-		-		-		-		-
Total Liabilities		1,586		-		1,176		95		303		1,049
NET ASSETS	$	1,431,687	$	73,284,672	$	565,950	$	158,590	$	331,376	$	753,976
NET ASSETS CONSIST OF:
Accumulation units		1,431,687		73,158,169		565,950		158,590		331,376		753,976
Contracts in payout (annuitization) period		-		126,503		-		-		-		-
NET ASSETS	$	1,431,687	$	73,284,672	$	565,950	$	158,590	$	331,376	$	753,976
Units Outstanding		105,332		2,106,819		46,301		14,240		30,230		62,875
Accumulation Unit Value		$13.53 - $13.61		$30.88 - $40.10		$12.16 - $12.24		$11.09 - $11.16		$10.96 - $10.96		$11.94 - $12.01
Cost of Investments	$	1,397,562	$	55,196,447	$	482,488	$	148,186	$	320,777	$	664,206

									PIMCO		PIMCO
	TOPS		TOPS		TOPS				Commodity-		Emerging Markets
	Managed Risk		Managed Risk		Managed Risk		TOPS		RealReturn		Bond -
	Balanced		Growth		Moderate Growth		Moderate Growth		Strategy -		Institutional
	ETF Class 1		ETF Class 1		ETF Class 1		ETF Class 1		Advisor Class		Class
ASSETS
Investments in mutual funds, at value	$	652,125	$	654,796	$	247,655	$	79,476	$	16,833,216	$	382,517
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		821		241		1,584		116		689		291
Total Assets		652,946		655,037		249,239		79,592		16,833,905		382,808
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		828		249		1,591		116		1,314		298
Investments purchased		-		-		-		-		-		-
Total Liabilities		828		249		1,591		116		1,314		298
NET ASSETS	$	652,118	$	654,788	$	247,648	$	79,476	$	16,832,591	$	382,510
NET ASSETS CONSIST OF:
Accumulation units		652,118		654,788		247,648		79,476		16,808,603		382,510
Contracts in payout (annuitization) period		-		-		-		-		23,988		-
NET ASSETS	$	652,118	$	654,788	$	247,648	$	79,476	$	16,832,591	$	382,510
Units Outstanding		61,070		59,657		22,850		6,880		2,168,885		39,082
Accumulation Unit Value		$10.68 - $10.68		$10.93 - $11.00		$10.84 - $10.84		$11.55 - $11.55		$6.35 - $13.44		$9.74 - $9.79
Cost of Investments	$	611,765	$	643,682	$	242,719	$	76,699	$	18,032,550	$	370,602

See Notes to Financial Statements

SA-22

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
			PIMCO
			Long-Term U.S.		PIMCO		PIMCO
			Government -		Low Duration -		Total Return -
	PIMCO Income -		Institutional		Institutional		Institutional		Schwab		Schwab
	Advisor Class		Class		Class		Class		S&P 500 Index		VIT Balanced
ASSETS
Investments in mutual funds, at value	$	72,581,557	$	924,618	$	5,387,127	$	5,965,441	$	67,478,815	$	53,683,486
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		965,485		-
Investments sold		97,377		219,826		9,972		17,173		-		943
Total Assets		72,678,934		1,144,444		5,397,099		5,982,614		68,444,300		53,684,429
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		99,425		219,845		10,082		17,273		-		834
Investments purchased		-		-		-		-		966,546		-
Total Liabilities		99,425		219,845		10,082		17,273		966,546		834
NET ASSETS	$	72,579,509	$	924,599	$	5,387,017	$	5,965,341	$	67,477,754	$	53,683,595
NET ASSETS CONSIST OF:
Accumulation units		72,578,031		924,599		5,387,017		5,965,341		67,477,754		53,683,595
Contracts in payout (annuitization) period		1,478		-		-		-		-		-
NET ASSETS	$	72,579,509	$	924,599	$	5,387,017	$	5,965,341	$	67,477,754	$	53,683,595
Units Outstanding		6,402,790		134,465		533,389		652,893		4,311,685		3,399,213
Accumulation Unit Value		$10.19 - $11.85		$6.84 - $6.88		$10.06 - $10.12		$9.09 - $9.15		$15.57 - $15.66		$13.63 - $15.88
Cost of Investments	$	72,329,616	$	986,144	$	5,354,918	$	5,979,193	$	52,356,666	$	41,737,971

	Schwab				State Street		T. Rowe Price		T. Rowe Price		T. Rowe Price
	VIT Balanced		Schwab		Total Return		Blue Chip		Equity		Health
	with Growth		VIT Growth		V.I.S. Class 3		Growth - I		Income - I		Sciences - I
ASSETS
Investments in mutual funds, at value	$	132,588,788	$	146,109,183	$	22,880,677	$	2,436,382	$	951,813	$	1,160,577
Receivables:
Due from Pacific Life Insurance Company		-		-		1,813		-		-		-
Investments sold		8,659		35,501		-		2,569		1,258		4,894
Total Assets		132,597,447		146,144,684		22,882,490		2,438,951		953,071		1,165,471
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		8,489		35,532		-		2,645		1,280		4,922
Investments purchased		-		-		1,156		-		-		-
Total Liabilities		8,489		35,532		1,156		2,645		1,280		4,922
NET ASSETS	$	132,588,958	$	146,109,152	$	22,881,334	$	2,436,306	$	951,791	$	1,160,549
NET ASSETS CONSIST OF:
Accumulation units		132,588,958		146,109,152		22,881,334		2,436,306		951,791		1,160,549
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	132,588,958	$	146,109,152	$	22,881,334	$	2,436,306	$	951,791	$	1,160,549
Units Outstanding		7,113,553		6,589,384		1,145,422		178,903		68,796		122,255
Accumulation Unit Value		$15.61 - $19.01		$17.50 - $22.44		$17.62 - $21.09		$13.56 - $13.64		$13.77 - $13.85		$9.45 - $9.51
Cost of Investments	$	90,001,088	$	88,911,841	$	21,165,444	$	1,816,108	$	993,037	$	1,305,229

See Notes to Financial Statements

SA-23

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
	VanEck VIP						Vanguard VIF		Vanguard VIF		Vanguard VIF
	Global Resources		Vanguard VIF		Vanguard VIF		Conservative		Diversified		Equity
	Class S		Balanced		Capital Growth		Allocation		Value		Income
ASSETS
Investments in mutual funds, at value	$	18,766,419	$	23,789,084	$	2,973,481	$	6,606,650	$	4,674,859	$	6,496,820
Receivables:
Due from Pacific Life Insurance Company		-		16,814		-		-		16,533		-
Investments sold		840,115		-		4,654		5,689		-		7,132
Total Assets		19,606,534		23,805,898		2,978,135		6,612,339		4,691,392		6,503,952
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		840,606		-		4,725		5,838		-		7,236
Investments purchased		-		17,306		-		-		16,612		-
Total Liabilities		840,606		17,306		4,725		5,838		16,612		7,236
NET ASSETS	$	18,765,928	$	23,788,592	$	2,973,410	$	6,606,501	$	4,674,780	$	6,496,716
NET ASSETS CONSIST OF:
Accumulation units		18,750,534		23,788,592		2,973,410		6,606,501		4,674,780		6,496,716
Contracts in payout (annuitization) period		15,394		-		-		-		-		-
NET ASSETS	$	18,765,928	$	23,788,592	$	2,973,410	$	6,606,501	$	4,674,780	$	6,496,716
Units Outstanding		2,194,540		1,845,336		219,533		626,590		316,785		441,464
Accumulation Unit Value		$7.23 - $10.55		$12.82 - $12.90		$13.47 - $13.55		$10.48 - $10.54		$14.69 - $14.78		$14.65 - $14.73
Cost of Investments	$	12,201,206	$	21,706,753	$	2,447,315	$	6,197,036	$	4,468,369	$	5,946,691

	Vanguard VIF		Vanguard VIF				Vanguard VIF				Vanguard VIF
	Equity		Global Bond		Vanguard VIF		High Yield		Vanguard VIF		Mid-Cap
	Index		Index		Growth		Bond		International		Index
ASSETS
Investments in mutual funds, at value	$	4,082,324	$	1,803,444	$	7,716,804	$	3,792,402	$	3,578,927	$	13,537,200
Receivables:
Due from Pacific Life Insurance Company		-		-		7,186		-		-		-
Investments sold		3,470		2,325		-		5,852		11,688		14,222
Total Assets		4,085,794		1,805,769		7,723,990		3,798,254		3,590,615		13,551,422
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		3,534		2,353		-		5,919		11,746		14,485
Investments purchased		-		-		7,338		-		-		-
Total Liabilities		3,534		2,353		7,338		5,919		11,746		14,485
NET ASSETS	$	4,082,260	$	1,803,416	$	7,716,652	$	3,792,335	$	3,578,869	$	13,536,937
NET ASSETS CONSIST OF:
Accumulation units		4,082,260		1,803,416		7,716,652		3,792,335		3,578,869		13,536,937
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	4,082,260	$	1,803,416	$	7,716,652	$	3,792,335	$	3,578,869	$	13,536,937
Units Outstanding		261,853		196,572		565,744		348,525		470,055		1,090,098
Accumulation Unit Value		$15.50 - $15.60		$9.14 - $9.19		$13.59 - $13.67		$10.83 - $10.90		$7.58 - $7.63		$12.36 - $12.43
Cost of Investments	$	3,361,374	$	1,882,487	$	5,502,740	$	3,678,075	$	3,415,358	$	11,969,735

See Notes to Financial Statements

SA-24

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2024

	Variable Accounts
									Vanguard VIF
					Vanguard VIF				Total
	Vanguard VIF		Vanguard VIF		Short-Term		Vanguard VIF		International		Vanguard VIF
	Moderate		Real Estate		Investment-		Total Bond		Stock Market		Total Stock
	Allocation		Index		Grade		Market Index		Index		Market Index
ASSETS
Investments in mutual funds, at value	$	20,398,867	$	3,281,090	$	13,773,741	$	33,767,986	$	18,192,699	$	22,406,917
Receivables:
Due from Pacific Life Insurance Company		-		-		-		547,236		-		-
Investments sold		90,185		7,073		14,265		-		18,918		852,675
Total Assets		20,489,052		3,288,163		13,788,006		34,315,222		18,211,617		23,259,592
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		90,625		7,139		14,504		-		19,245		853,058
Investments purchased		-		-		-		547,752		-		-
Total Liabilities		90,625		7,139		14,504		547,752		19,245		853,058
NET ASSETS	$	20,398,427	$	3,281,024	$	13,773,502	$	33,767,470	$	18,192,372	$	22,406,534
NET ASSETS CONSIST OF:
Accumulation units		20,398,427		3,281,024		13,773,502		33,767,470		18,192,372		22,406,534
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	20,398,427	$	3,281,024	$	13,773,502	$	33,767,470	$	18,192,372	$	22,406,534
Units Outstanding		1,813,191		289,357		1,343,877		3,733,509		1,762,408		1,534,665
Accumulation Unit Value		$11.19 - $11.26		$11.28 - $11.35		$10.20 - $10.26		$9.00 - $9.05		$10.27 - $10.33		$14.53 - $14.61
Cost of Investments	$	18,474,560	$	3,377,031	$	13,444,482	$	33,816,421	$	17,702,518	$	19,463,824

See Notes to Financial Statements

SA-25

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

	Variable Accounts
	Bond			Core			Diversified			Floating			Floating			High Yield
	Plus			Income			Bond			Rate Income			Rate Income			Bond
	Class I (1)			Class I			Class I			Class I			Class P			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		139			430,818			1,546,998			1,825,931			4,874			1,434,926
Administrative fees		36			106,742			348,304			390,070			7,393			267,779
Total Expenses		175			537,560			1,895,302			2,216,001			12,267			1,702,705
Net Investment Income (Loss)		(175	)		(537,560	)		(1,895,302	)		(2,216,001	)		(12,267	)		(1,702,705	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(16	)		(4,472	)		1,496,812			3,490,261			4,902			9,838,316
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(16	)		(4,472	)		1,496,812			3,490,261			4,902			9,838,316
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(2,600	)		1,400,701			1,328,638			10,439,409			192,235			(799,519	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(2,791	)	$	858,669		$	930,148		$	11,713,669		$	184,870		$	7,336,092

	Inflation			Intermediate			Managed			Short Duration			Emerging			Dividend
	Managed			Bond			Bond			Bond			Markets Debt			Growth
	Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		1,661,415			221,697			3,086,584			2,433,581			122,356			4,648,709
Administrative fees		287,520			59,475			554,646			544,145			26,136			1,007,740
Total Expenses		1,948,935			281,172			3,641,230			2,977,726			148,492			5,656,449
Net Investment Income (Loss)		(1,948,935	)		(281,172	)		(3,641,230	)		(2,977,726	)		(148,492	)		(5,656,449	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		3,884,702			(31,661	)		2,310,155			2,519,036			232,731			14,396,478
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		3,884,702			(31,661	)		2,310,155			2,519,036			232,731			14,396,478
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(401,213	)		625,576			5,438,627			11,312,675			588,104			46,427,589
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	1,534,554		$	312,743		$	4,107,552		$	10,853,985		$	672,343		$	55,167,618

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-26

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

	Variable Accounts
	Equity			Focused						Hedged			Hedged			Large-Cap
	Index			Growth			Growth			Equity			Equity			Core
	Class I			Class I			Class I			Class I			Class P			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		17,131,197			2,875,751			4,839,955			2,847,081			6,379			3,466,788
Administrative fees		4,006,289			593,669			884,395			701,915			10,737			555,651
Total Expenses		21,137,486			3,469,420			5,724,350			3,548,996			17,116			4,022,439
Net Investment Income (Loss)		(21,137,486	)		(3,469,420	)		(5,724,350	)		(3,548,996	)		(17,116	)		(4,022,439	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		9,734,049			1,289,022			4,669,583			468,942			1,503			9,209,085
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		9,734,049			1,289,022			4,669,583			468,942			1,503			9,209,085
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		383,344,576			63,696,909			118,482,508			46,259,534			566,458			53,812,118
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	371,941,139		$	61,516,511		$	117,427,741		$	43,179,480		$	550,845		$	58,998,764

				Large-Cap									Mid-Cap
	Large-Cap			Plus Bond			Large-Cap			Mid-Cap			Plus Bond			Mid-Cap
	Growth			Alpha			Value			Growth			Alpha			Value
	Class I			Class I (1)			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		3,001,069			3			2,670,309			2,895,369			2,622,875			1,215,186
Administrative fees		607,461			-			504,057			580,745			478,404			263,889
Total Expenses		3,608,530			3			3,174,366			3,476,114			3,101,279			1,479,075
Net Investment Income (Loss)		(3,608,530	)		(3	)		(3,174,366	)		(3,476,114	)		(3,101,279	)		(1,479,075	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		31,081,008			32			13,349,988			8,447,171			1,649,533			425,360
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		31,081,008			32			13,349,988			8,447,171			1,649,533			425,360
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		41,887,608			(60	)		5,524,926			(1,404,124	)		31,574,749			11,732,366
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	69,360,086		$	(31	)	$	15,700,548		$	3,566,933		$	30,123,003		$	10,678,651

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-27

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

	Variable Accounts
	QQQ												Small-Cap
	Plus Bond			Small-Cap			Small-Cap			Small-Cap			Plus Bond			Small-Cap
	Alpha			Equity			Growth			Index			Alpha			Value
	Class I (1)			Class I			Class I			Class I			Class I (1)			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		1,119			619,480			1,242,583			2,738,687			23			1,115,575
Administrative fees		267			134,898			246,734			569,459			6			219,927
Total Expenses		1,386			754,378			1,489,317			3,308,146			29			1,335,502
Net Investment Income (Loss)		(1,386	)		(754,378	)		(1,489,317	)		(3,308,146	)		(29	)		(1,335,502	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		50			3,263,264			2,791,518			2,368,832			(1	)		9,060,225
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		50			3,263,264			2,791,518			2,368,832			(1	)		9,060,225
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(66,560	)		2,686,320			5,448,369			26,157,877			(637	)		(2,866,496	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(67,896	)	$	5,195,206		$	6,750,570		$	25,218,563		$	(667	)	$	4,858,227

										International
										Equity
				Value			Emerging			Plus Bond			International			International
	Value			Advantage			Markets			Alpha			Growth			Large-Cap
	Class I			Class I			Class I			Class I (1)			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		1,412,687			759,290			1,457,848			3			44,873			2,459,105
Administrative fees		284,836			178,870			283,351			2			11,762			477,535
Total Expenses		1,697,523			938,160			1,741,199			5			56,635			2,936,640
Net Investment Income (Loss)		(1,697,523	)		(938,160	)		(1,741,199	)		(5	)		(56,635	)		(2,936,640	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		16,790,427			2,184,056			10,458,180			(39	)		(12,756	)		13,637,128
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		16,790,427			2,184,056			10,458,180			(39	)		(12,756	)		13,637,128
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(1,109,730	)		10,827,419			(12,625,169	)		(89	)		169,776			(4,129,671	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	13,983,174		$	12,073,315		$	(3,908,188	)	$	(133	)	$	100,385		$	6,570,817

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-28

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

	Variable Accounts
	International			International			Health			Real						ESG
	Small-Cap			Value			Sciences			Estate			Technology			Diversified
	Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		374,353			1,353,460			3,098,290			1,171,856			2,938,340			237,544
Administrative fees		76,023			245,245			596,832			203,481			607,972			55,947
Total Expenses		450,376			1,598,705			3,695,122			1,375,337			3,546,312			293,491
Net Investment Income (Loss)		(450,376	)		(1,598,705	)		(3,695,122	)		(1,375,337	)		(3,546,312	)		(293,491	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		1,773,935			4,785,841			30,700,905			12,800,075			9,375,797			9,494
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		1,773,935			4,785,841			30,700,905			12,800,075			9,375,797			9,494
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(2,033,088	)		163,297			(18,188,979	)		(5,354,380	)		74,154,678			2,690,907
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(709,529	)	$	3,350,433		$	8,816,804		$	6,070,358		$	79,984,163		$	2,406,910

																Pacific
				ESG			ESG			PSF Avantis			PSF Avantis			Dynamix -
	ESG			Diversified			Diversified			Balanced			Balanced			Conservative
	Diversified			Growth			Growth			Allocation			Allocation			Growth
	Class P (1)			Class I			Class P			Class D			Class P			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		55			19,398			106			2,891,009			2,895			4,160,953
Administrative fees		55			4,963			212			713,463			5,790			882,845
Total Expenses		110			24,361			318			3,604,472			8,685			5,043,798
Net Investment Income (Loss)		(110	)		(24,361	)		(318	)		(3,604,472	)		(8,685	)		(5,043,798	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(1	)		(2,669	)		8,833			15,483,208			20,097			26,746,508
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(1	)		(2,669	)		8,833			15,483,208			20,097			26,746,508
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(1,263	)		255,174			6,249			17,535,706			194,632			7,598,393
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(1,374	)	$	228,144		$	14,764		$	29,414,442		$	206,044		$	29,301,103

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-29

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

	Variable Accounts
	Pacific			Pacific			Pacific									Pacific
	Dynamix -			Dynamix -			Dynamix -			Pacific			Pacific			Dynamix -
	Conservative			Moderate			Moderate			Dynamix -			Dynamix -			Aggressive
	Growth			Growth			Growth			Growth			Growth			Growth
	Class P			Class I			Class P			Class I			Class P			Class I (1)
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		3,346			22,396,683			2,163			16,475,253			5,899			13,429
Administrative fees		4,281			4,974,130			3,263			3,818,936			11,726			3,211
Total Expenses		7,627			27,370,813			5,426			20,294,189			17,625			16,640
Net Investment Income (Loss)		(7,627	)		(27,370,813	)		(5,426	)		(20,294,189	)		(17,625	)		(16,640	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		37,170			150,549,156			1,518			83,074,458			96,922			(335	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		37,170			150,549,156			1,518			83,074,458			96,922			(335	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		85,390			108,978,860			104,166			130,856,015			413,704			116,792
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	114,933		$	232,157,203		$	100,258		$	193,636,284		$	493,001		$	99,817

				Portfolio									Portfolio			Invesco
	Portfolio			Optimization			Portfolio			Portfolio			Optimization			Oppenheimer
	Optimization			Moderate-			Optimization			Optimization			Aggressive-			V.I. International
	Conservative			Conservative			Moderate			Growth			Growth			Growth
	Class I			Class I			Class I			Class I			Class I			Series I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	660
EXPENSES
Mortality and expense risk		11,267,040			16,678,017			78,336,897			75,947,610			17,056,883			122
Administrative fees		1,840,322			2,619,391			12,190,607			11,400,927			2,548,671			202
Total Expenses		13,107,362			19,297,408			90,527,504			87,348,537			19,605,554			324
Net Investment Income (Loss)		(13,107,362	)		(19,297,408	)		(90,527,504	)		(87,348,537	)		(19,605,554	)		336
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		54,771,879			101,257,587			542,727,717			529,504,517			114,531,829			(635	)
Capital gain distributions		-			-			-			-			-			6,766
Realized Gain (Loss) on Investments		54,771,879			101,257,587			542,727,717			529,504,517			114,531,829			6,131
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		2,434,881			9,541,648			126,760,933			95,796,330			37,421,881			(14,179	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	44,099,398		$	91,501,827		$	578,961,146		$	537,952,310		$	132,348,156		$	(7,712	)

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-30

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
	Invesco												Invesco V.I.
	Oppenheimer			Invesco V.I.			Invesco V.I.			Invesco V.I.			Discovery			Invesco V.I.
	V.I. International			American			Balanced-Risk			Balanced-Risk			Mid Cap			Equity and
	Growth			Value			Allocation			Allocation			Growth			Income
	Series II			Series I			Series I			Series II			Series I			Series II
INVESTMENT INCOME
Dividends	$	78,258		$	1,094		$	20,096		$	14,420,352		$	-		$	949,395
EXPENSES
Mortality and expense risk		191,356			298			345			2,826,041			271			489,759
Administrative fees		47,869			508			677			550,730			474			114,215
Total Expenses		239,225			806			1,022			3,376,771			745			603,974
Net Investment Income (Loss)		(160,967	)		288			19,074			11,043,581			(745	)		345,421
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(64,980	)		(1,108	)		(147	)		(5,026,124	)		2,621			26,951
Capital gain distributions		1,391,811			2,536			-			-			-			2,319,042
Realized Gain (Loss) on Investments		1,326,831			1,428			(147	)		(5,026,124	)		2,621			2,345,993
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(1,829,922	)		(24,939	)		(19,367	)		99,878			29,950			3,134,916
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(664,058	)	$	(23,223	)	$	(440	)	$	6,117,335		$	31,826		$	5,826,330

													Invesco V.I.			Invesco V.I.
	Invesco V.I.			Invesco V.I.						Invesco V.I.			Nasdaq 100			Nasdaq 100
	EQV International			Global			Invesco V.I.			Main Street			Buffer -			Buffer -
	Equity			Real Estate			Global			Small Cap Fund			December			December
	Series I			Series II			Series II			Series I			Series I			Series II
INVESTMENT INCOME
Dividends	$	8,869		$	203,920		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		473			80,022			250,121			1,410			120			79,988
Administrative fees		946			19,745			56,306			2,153			241			21,616
Total Expenses		1,419			99,767			306,427			3,563			361			101,604
Net Investment Income (Loss)		7,450			104,153			(306,427	)		(3,563	)		(361	)		(101,604	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(18	)		(43,985	)		469,527			(822	)		(28	)		14,852
Capital gain distributions		2,637			-			1,431,546			37,117			12,993			945,572
Realized Gain (Loss) on Investments		2,619			(43,985	)		1,901,073			36,295			12,965			960,424
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(35,515	)		(331,877	)		1,738,544			39,345			(1,172	)		332,947
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(25,446	)	$	(271,709	)	$	3,333,190		$	72,077		$	11,432		$	1,191,767

See Notes to Financial Statements

SA-31

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

	Variable Accounts
	Invesco V.I.			Invesco V.I.			Invesco V.I.			Invesco V.I.			Invesco V.I.			Invesco V.I.
	Nasdaq 100			Nasdaq 100			Nasdaq 100			Nasdaq 100			Nasdaq 100			Nasdaq 100
	Buffer -			Buffer -			Buffer -			Buffer -			Buffer -			Buffer -
	June			June			March			March			September			September
	Series I			Series II			Series I			Series II			Series I			Series II
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		592			72,894			119			68,256			34			61,384
Administrative fees		1,185			19,627			239			18,135			68			16,691
Total Expenses		1,777			92,521			358			86,391			102			78,075
Net Investment Income (Loss)		(1,777	)		(92,521	)		(358	)		(86,391	)		(102	)		(78,075	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(108	)		(5,466	)		7,656			82,520			22			(1,995	)
Capital gain distributions		75,577			1,446,888			9,165			1,262,155			4,247			1,007,726
Realized Gain (Loss) on Investments		75,469			1,441,422			16,821			1,344,675			4,269			1,005,731
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(22,454	)		(397,927	)		(1,120	)		(309,931	)		(1,406	)		(179,703	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	51,238		$	950,974		$	15,343		$	948,353		$	2,761		$	747,953

	Invesco V.I.			Invesco V.I.			Invesco V.I.			Invesco V.I.			Invesco V.I.			Invesco V.I.
	S&P 500			S&P 500			S&P 500			S&P 500			S&P 500			S&P 500
	Buffer -			Buffer -			Buffer -			Buffer -			Buffer -			Buffer -
	December			December			June			June			March			March
	Series I			Series II			Series I			Series II			Series I (1)			Series II
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		651			250,449			2,135			277,217			107			215,246
Administrative fees		1,302			68,755			4,270			76,624			214			58,692
Total Expenses		1,953			319,204			6,405			353,841			321			273,938
Net Investment Income (Loss)		(1,953	)		(319,204	)		(6,405	)		(353,841	)		(321	)		(273,938	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(7,370	)		115,957			44,865			871,852			5,740			709,171
Capital gain distributions		16,058			1,017,050			80,446			2,228,086			3,724			1,673,726
Realized Gain (Loss) on Investments		8,688			1,133,007			125,311			3,099,938			9,464			2,382,897
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		37,215			2,411,723			61,392			816,845			4,461			766,045
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	43,950		$	3,225,526		$	180,298		$	3,562,942		$	13,604		$	2,875,004

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-32

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
	Invesco V.I.			Invesco V.I.						American Funds
	S&P 500			S&P 500						IS American
	Buffer -			Buffer -			Invesco V.I.			High-Income			American Funds			American Funds
	September			September			Technology			Trust			IS Asset Allocation			IS Asset Allocation
	Series I			Series II			Series I			Class 4			Class 1			Class 4
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	4,094,801		$	297,988		$	74,729,237
EXPENSES
Mortality and expense risk		773			318,146			3,489			579,311			18,860			38,879,772
Administrative fees		1,367			87,777			4,466			137,128			28,332			8,333,952
Total Expenses		2,140			405,923			7,955			716,439			47,192			47,213,724
Net Investment Income (Loss)		(2,140	)		(405,923	)		(7,955	)		3,378,362			250,796			27,515,513
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		168			1,155,739			(2,120	)		(68,978	)		(8,343	)		24,005,870
Capital gain distributions		25,207			2,387,164			81,459			-			363,744			167,382,841
Realized Gain (Loss) on Investments		25,375			3,542,903			79,339			(68,978	)		355,401			191,388,711
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		19,048			(214,326	)		353,588			1,590,942			660,901			299,640,070
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	42,283		$	2,922,654		$	424,972		$	4,900,326		$	1,267,098		$	518,544,294

													American Funds			American Funds
	American Funds			American Funds			American Funds			American Funds			IS Capital World			IS Capital World
	IS Capital			IS Capital			IS Capital			IS Capital			Growth and			Growth and
	Income Builder			Income Builder			World Bond			World Bond			Income			Income
	Class 1			Class 4			Class 1			Class 4			Class 1			Class 4
INVESTMENT INCOME
Dividends	$	52,090		$	4,218,248		$	12,614		$	472,656		$	31,103		$	1,351,923
EXPENSES
Mortality and expense risk		3,444			1,151,550			632			197,514			1,916			709,700
Administrative fees		3,954			264,121			901			47,059			3,582			178,339
Total Expenses		7,398			1,415,671			1,533			244,573			5,498			888,039
Net Investment Income (Loss)		44,692			2,802,577			11,081			228,083			25,605			463,884
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		591			154,244			599			(458,815	)		409			(1,498	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		591			154,244			599			(458,815	)		409			(1,498	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		73,825			8,056,258			(29,080	)		(820,884	)		95,745			9,333,814
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	119,108		$	11,013,079		$	(17,400	)	$	(1,051,616	)	$	121,759		$	9,796,200

See Notes to Financial Statements

SA-33

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
									American Funds
	American Funds		American Funds			American Funds			IS Global Small			American Funds			American Funds
	IS Global Balanced		IS Global Growth			IS Global Growth			Capitalization			IS Growth			IS Growth
	Class 4		Class 1			Class 4			Class 4			Class 1			Class 4
INVESTMENT INCOME
Dividends	$	1,252,976	$	52,602		$	2,701,290		$	381,861		$	51,706		$	1,602,701
EXPENSES
Mortality and expense risk		627,543		4,904			1,661,302			374,601			15,288			9,116,785
Administrative fees		157,475		7,919			405,157			90,851			22,509			2,038,967
Total Expenses		785,018		12,823			2,066,459			465,452			37,797			11,155,752
Net Investment Income (Loss)		467,958		39,779			634,831			(83,591	)		13,909			(9,553,051	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		39,921		3,027			6,320			(660,294	)		105,369			3,504,434
Capital gain distributions		-		66,663			5,430,613			1,659,564			129,987			21,755,887
Realized Gain (Loss) on Investments		39,921		69,690			5,436,933			999,270			235,356			25,260,321
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		3,314,220		173,033			14,334,233			(441,020	)		1,755,567			227,507,695
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	3,822,099	$	282,502		$	20,405,997		$	474,659		$	2,004,832		$	243,214,965
												American Funds			American Funds
	American Funds		American Funds			American Funds			American Funds			IS International			IS International
	IS Growth-Income		IS Growth-Income			IS International			IS International			Growth and Income			Growth and Income
	Class 1		Class 4			Class 1			Class 4			Class 1			Class 4
INVESTMENT INCOME
Dividends	$	58,054	$	5,500,341		$	13,741		$	948,036		$	20,952		$	1,344,970
EXPENSES
Mortality and expense risk		7,192		5,576,431			1,303			801,936			1,117			488,181
Administrative fees		12,122		1,193,841			2,404			192,402			1,853			115,079
Total Expenses		19,314		6,770,272			3,707			994,338			2,970			603,260
Net Investment Income (Loss)		38,740		(1,269,931	)		10,034			(46,302	)		17,982			741,710
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		22,671		535,272			(1,643	)		61,796			(2,095	)		(244,005	)
Capital gain distributions		160,894		25,827,621			-			-			-			-
Realized Gain (Loss) on Investments		183,565		26,362,893			(1,643	)		61,796			(2,095	)		(244,005	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		579,176		87,790,187			(14,539	)		1,767,969			(14,253	)		691,902
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	801,481	$	112,883,149		$	(6,148	)	$	1,783,463		$	1,634		$	1,189,607

See Notes to Financial Statements

SA-34

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
	American Funds			American Funds									American Funds			American Funds
	IS Managed Risk			IS Managed Risk			American Funds IS			American Funds IS			IS The Bond Fund			IS The Bond Fund
	Asset Allocation			Asset Allocation			New World Fund			New World Fund			of America			of America
	Class P1			Class P2			Class 1			Class 4			Class 1			Class 4
INVESTMENT INCOME
Dividends	$	63,911		$	3,471,841		$	57,082		$	920,771		$	370,197		$	7,422,540
EXPENSES
Mortality and expense risk		4,525			1,816,236			4,903			665,797			10,966			1,354,882
Administrative fees		8,838			429,419			8,331			161,006			18,846			338,408
Total Expenses		13,363			2,245,655			13,234			826,803			29,812			1,693,290
Net Investment Income (Loss)		50,548			1,226,186			43,848			93,968			340,385			5,729,250
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		2,586			439,155			(3,823	)		25,240			(7,333	)		(2,828,960	)
Capital gain distributions		38,496			2,486,091			10,683			360,661			-			-
Realized Gain (Loss) on Investments		41,082			2,925,246			6,860			385,901			(7,333	)		(2,828,960	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		280,806			18,295,625			51,841			3,280,968			(305,851	)		(2,848,909	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	372,436		$	22,447,057		$	102,549		$	3,760,837		$	27,201		$	51,381

	American Funds IS			American Funds IS			American Funds			American Funds			BlackRock			BlackRock
	U.S. Government			U.S. Government			IS Washington			IS Washington			60/40 Target			Capital
	Securities			Securities			Mutual Investors			Mutual Investors			Allocation ETF			Appreciation
	Class 1			Class 4			Class 1			Class 4			V.I. Class I			V.I. Class III
INVESTMENT INCOME
Dividends	$	140,866		$	2,138,563		$	78,532		$	4,132,050		$	6,719,237		$	-
EXPENSES
Mortality and expense risk		4,253			491,877			7,321			2,357,211			2,371,075			264,901
Administrative fees		8,507			112,270			9,864			571,327			608,114			58,878
Total Expenses		12,760			604,147			17,185			2,928,538			2,979,189			323,779
Net Investment Income (Loss)		128,106			1,534,416			61,347			1,203,512			3,740,048			(323,779	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(2,321	)		(1,245,511	)		5,292			(45,918	)		(128,771	)		1,438,015
Capital gain distributions		-			-			22,670			2,167,165			16,488,402			14,877,179
Realized Gain (Loss) on Investments		(2,321	)		(1,245,511	)		27,962			2,121,247			16,359,631			16,315,194
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(114,351	)		(685,728	)		411,425			38,699,583			4,914,882			(5,505,984	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	11,434		$	(396,823	)	$	500,734		$	42,024,342		$	25,014,561		$	10,485,431

See Notes to Financial Statements

SA-35

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
	BlackRock			BlackRock			BlackRock
	Equity			Global			Global			BlackRock		BlackRock			BlackRock
	Dividend			Allocation			Allocation			High Yield		S&P 500 Index			Small Cap Index
	V.I. Class I			V.I. Class I			V.I. Class III			V.I. Class I		V.I. Class I			V.I. Class I
INVESTMENT INCOME
Dividends	$	60,228		$	20,243		$	15,858,699		$	115,228	$	60,659		$	136,905
EXPENSES
Mortality and expense risk		3,345			2,084			12,665,758			2,733		6,056			10,796
Administrative fees		6,258			3,996			2,383,261			5,002		10,271			19,673
Total Expenses		9,603			6,080			15,049,019			7,735		16,327			30,469
Net Investment Income (Loss)		50,625			14,163			809,680			107,493		44,332			106,436
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		1,309			2,129			26,651,035			727		1,641			(21,988	)
Capital gain distributions		202,124			93,503			86,080,196			-		195,621			400,484
Realized Gain (Loss) on Investments		203,433			95,632			112,731,231			727		197,262			378,496
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(137,886	)		(1,195	)		(28,831,050	)		18,882		440,985			187,643
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	116,172		$	108,600		$	84,709,861		$	127,102	$	682,579		$	672,575

										DFA VA		DFA VA			DFA VA
				DFA VA			DFA VA			Global Moderate		International			International
	BlackRock			Equity Allocation			Global Bond			Allocation		Small			Value
	Total Return			Institutional			Institutional			Institutional		Institutional			Institutional
	V.I. Class I			Class			Class			Class		Class			Class
INVESTMENT INCOME
Dividends	$	102,623		$	26,123		$	45,639		$	132,470	$	50,446		$	199,924
EXPENSES
Mortality and expense risk		3,831			1,465			1,513			4,033		1,927			6,252
Administrative fees		6,918			2,483			2,378			7,783		2,853			10,145
Total Expenses		10,749			3,948			3,891			11,816		4,780			16,397
Net Investment Income (Loss)		91,874			22,175			41,748			120,654		45,666			183,527
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		2,867			106			(3,916	)		6,574		(1,261	)		(4,271	)
Capital gain distributions		-			16,514			-			28,288		39,452			103,181
Realized Gain (Loss) on Investments		2,867			16,620			(3,916	)		34,862		38,191			98,910
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(87,994	)		53,003			(401	)		60,477		(81,257	)		(196,758	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	6,747		$	91,798		$	37,431		$	215,993	$	2,600		$	85,679

See Notes to Financial Statements

SA-36

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
	DFA VA			DFA VA			DFA VA US			Fidelity VIP
	Short-Term Fixed			US Large Value			Targeted Value			Consumer			Fidelity VIP			Fidelity VIP
	Institutional			Institutional			Institutional			Discretionary			Contrafund			Contrafund
	Class			Class			Class			Initial Class			Initial Class			Service Class 2
INVESTMENT INCOME
Dividends	$	289,250		$	184,823		$	65,561		$	9		$	12,686		$	138,143
EXPENSES
Mortality and expense risk		8,425			12,306			6,557			76			11,066			4,413,364
Administrative fees		14,305			22,039			9,812			153			16,725			1,023,655
Total Expenses		22,730			34,345			16,369			229			27,791			5,437,019
Net Investment Income (Loss)		266,520			150,478			49,192			(220	)		(15,105	)		(5,298,876	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(1,721	)		(12,260	)		(3,462	)		118			12,450			(1,281,782	)
Capital gain distributions		-			931,207			319,371			152			871,125			64,972,692
Realized Gain (Loss) on Investments		(1,721	)		918,947			315,909			270			883,575			63,690,910
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(35,335	)		(275,941	)		(98,726	)		14,698			468,909			59,818,301
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	229,464		$	793,484		$	266,375		$	14,748		$	1,337,379		$	118,210,335

							Fidelity VIP									Fidelity VIP
	Fidelity VIP			Fidelity VIP			Extended Market			Fidelity VIP			Fidelity VIP			Government
	Emerging Markets			Energy			Index			FundsManager 60%			FundsManager 60%			Money Market
	Initial Class			Initial Class			Initial Class			Investor Class			Service Class 2			Initial Class
INVESTMENT INCOME
Dividends	$	32,542		$	42,694		$	54,879		$	6,879,629		$	8,015,504		$	1,074,547
EXPENSES
Mortality and expense risk		2,928			3,336			6,394			2,166,853			4,279,424			35,762
Administrative fees		5,204			5,498			10,946			722,284			973,621			65,125
Total Expenses		8,132			8,834			17,340			2,889,137			5,253,045			100,887
Net Investment Income (Loss)		24,410			33,860			37,539			3,990,492			2,762,459			973,660
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(649	)		(2,126	)		23,671			(40,864	)		1,275,711			-
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(649	)		(2,126	)		23,671			(40,864	)		1,275,711			-
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		105,237			(1,324	)		352,413			17,959,405			28,694,369			-
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	128,998		$	30,410		$	413,623		$	21,909,033		$	32,732,539		$	973,660

See Notes to Financial Statements

SA-37

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

	Variable Accounts
	Fidelity VIP			Fidelity VIP			Fidelity VIP						Fidelity VIP
	Government			Government			Growth			Fidelity VIP			Investment			Fidelity VIP
	Money Market			Money Market			Opportunities			Index 500			Grade Bond			Strategic Income
	Investor Class (1)			Service Class			Initial Class			Initial Class			Initial Class			Service Class 2
INVESTMENT INCOME
Dividends	$	2,668		$	25,610,696		$	-		$	123,187		$	212,979		$	3,379,697
EXPENSES
Mortality and expense risk		428			5,103,734			2,031			18,668			9,302			824,664
Administrative fees		143			1,096,692			3,650			26,348			17,415			203,943
Total Expenses		571			6,200,426			5,681			45,016			26,717			1,028,607
Net Investment Income (Loss)		2,097			19,410,270			(5,681	)		78,171			186,262			2,351,090
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		-			-			3,417			6,850			(19,967	)		(399,754	)
Capital gain distributions		-			-			-			6,140			-			-
Realized Gain (Loss) on Investments		-			-			3,417			12,990			(19,967	)		(399,754	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		-			-			372,228			1,722,298			(78,711	)		2,142,920
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	2,097		$	19,410,270		$	369,964		$	1,813,459		$	87,584		$	4,094,256

				First Trust			First Trust/Dow
	Fidelity VIP			Dorsey Wright			Jones Dividend &			Franklin			Franklin			Franklin
	Value Strategies			Tactical Core			Income Allocation			Allocation			Allocation			Income
	Initial Class			Class I			Class I			VIP Class 2			VIP Class 4			VIP Class 1
INVESTMENT INCOME
Dividends	$	25,103		$	348,548		$	13,674,689		$	476,411		$	4,419,829		$	22,359
EXPENSES
Mortality and expense risk		3,883			352,595			6,080,333			160,423			2,786,295			881
Administrative fees		5,534			86,508			1,318,167			35,421			505,649			1,626
Total Expenses		9,417			439,103			7,398,500			195,844			3,291,944			2,507
Net Investment Income (Loss)		15,686			(90,555	)		6,276,189			280,567			1,127,885			19,852
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		7,407			422,451			8,509,329			(239,328	)		1,472,844			(440	)
Capital gain distributions		328,839			-			4,978,765			-			-			1,748
Realized Gain (Loss) on Investments		336,246			422,451			13,488,094			(239,328	)		1,472,844			1,308
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(208,651	)		3,764,938			7,541,842			1,790,475			14,490,549			(5,260	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	143,281		$	4,096,834		$	27,306,125		$	1,831,714		$	17,091,278		$	15,900

(1) Operations commenced or resumed during 2024 and all units were fully redeemed or transferred prior to December 31, 2024 (See Financial Highlights for commencement

See Notes to Financial Statements

SA-38

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
				Franklin						Franklin			Franklin			Franklin
	Franklin			Mutual Global			Franklin			Rising			Rising			Small Cap
	Income			Discovery			Mutual Shares			Dividends			Dividends			Value
	VIP Class 2			VIP Class 2			VIP Class 1			VIP Class 1			VIP Class 2			VIP Class 1
INVESTMENT INCOME
Dividends	$	3,999,792		$	2,507,168		$	6,001		$	21,142		$	2,565,690		$	6,514
EXPENSES
Mortality and expense risk		701,107			1,177,675			352			3,536			2,315,096			994
Administrative fees		159,883			258,687			704			5,989			522,912			1,817
Total Expenses		860,990			1,436,362			1,056			9,525			2,838,008			2,811
Net Investment Income (Loss)		3,138,802			1,070,806			4,945			11,617			(272,318	)		3,703
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(5,022	)		2,235,014			9,452			7,469			562,030			(917	)
Capital gain distributions		327,706			10,535,259			5,544			81,845			12,207,420			12,844
Realized Gain (Loss) on Investments		322,684			12,770,273			14,996			89,314			12,769,450			11,927
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		1,042,746			(8,242,831	)		11,507			38,949			10,259,302			26,529
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	4,504,232		$	5,598,248		$	31,448		$	139,880		$	22,756,434		$	42,159

																Goldman Sachs
	Franklin			Franklin												VIT Large Cap
	Small-Mid			Strategic			Templeton			Templeton			Templeton			Value
	Cap Growth			Income			Foreign			Global Bond			Global Bond			Institutional
	VIP Class 1			VIP Class 1			VIP Class 1			VIP Class 1			VIP Class 2			Shares
INVESTMENT INCOME
Dividends	$	-		$	39,211		$	4,134		$	-		$	-		$	3,032
EXPENSES
Mortality and expense risk		2,538			2,066			173			612			468,978			204
Administrative fees		3,961			3,419			343			1,157			106,012			367
Total Expenses		6,499			5,485			516			1,769			574,990			571
Net Investment Income (Loss)		(6,499	)		33,726			3,618			(1,769	)		(574,990	)		2,461
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		3,628			9,376			8,901			(1,182	)		(1,839,584	)		2,013
Capital gain distributions		-			-			-			-			-			26,175
Realized Gain (Loss) on Investments		3,628			9,376			8,901			(1,182	)		(1,839,584	)		28,188
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		144,613			(7,887	)		(12,396	)		(43,295	)		(3,967,618	)		(18,181	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	141,742		$	35,215		$	123		$	(46,246	)	$	(6,382,192	)	$	12,468

See Notes to Financial Statements

SA-39

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

	Variable Accounts
	Goldman Sachs			Goldman Sachs			Goldman Sachs
	VIT Mid Cap			VIT Strategic			VIT Trends			Janus			Janus			Janus
	Value			Growth			Driven Allocation			Henderson			Henderson			Henderson
	Institutional			Institutional			Institutional			Balanced			Balanced			Enterprise
	Shares			Shares			Shares			Institutional Shares			Service Shares			Institutional Shares
INVESTMENT INCOME
Dividends	$	5,338		$	-		$	927		$	76,556		$	105,387,048		$	9,123
EXPENSES
Mortality and expense risk		716			1,519			92			4,781			59,622,982			3,068
Administrative fees		1,202			1,757			110			9,373			14,268,791			3,614
Total Expenses		1,918			3,276			202			14,154			73,891,773			6,682
Net Investment Income (Loss)		3,420			(3,276	)		725			62,402			31,495,275			2,441
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(956	)		1,348			4,505			11,617			90,136,416			(1,852	)
Capital gain distributions		30,516			49,109			-			-			-			43,614
Realized Gain (Loss) on Investments		29,560			50,457			4,505			11,617			90,136,416			41,762
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		8,515			112,964			2,102			314,491			645,855,980			89,935
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	41,495		$	160,145		$	7,332		$	388,510		$	767,487,671		$	134,138

				LVIP American			LVIP			LVIP
	Janus			Century			American			American
	Henderson			Inflation			Century			Century			LVIP JPMorgan			LVIP JPMorgan
	Flexible Bond			Protection			MidCap Value			MidCap Value			Core Bond			Mid Cap Value
	Service Shares			Standard Class II (1)			Standard Class II			Service Class			Standard Class			Standard Class
INVESTMENT INCOME
Dividends	$	1,361,646		$	12,709		$	14,797		$	2,132,350		$	145,058		$	2,318
EXPENSES
Mortality and expense risk		300,657			222			1,169			892,621			5,749			1,622
Administrative fees		69,979			435			1,890			205,809			7,040			313
Total Expenses		370,636			657			3,059			1,098,430			12,789			1,935
Net Investment Income (Loss)		991,010			12,052			11,738			1,033,920			132,269			383
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(672,740	)		(1,175	)		(30,015	)		1,501,950			(3,985	)		14,677
Capital gain distributions		-			-			32,563			4,406,292			-			19,703
Realized Gain (Loss) on Investments		(672,740	)		(1,175	)		2,548			5,908,242			(3,985	)		34,380
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(266,956	)		(12,336	)		17,301			(53,549	)		(116,180	)		(17,695	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	51,314		$	(1,459	)	$	31,587		$	6,888,613		$	12,104		$	17,068

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-40

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
							Lord Abbett						Macquarie
	LVIP JPMorgan			Western Asset			Bond			Lord Abbett			VIP Asset			Macquarie
	U.S. Equity			Core Plus VIT			Debenture			Total Return			Strategy Series			VIP Energy
	Standard Class			Class I			Class VC			Class VC			Service Class			Service Class
INVESTMENT INCOME
Dividends	$	100		$	171,636		$	7,972,764		$	10,665,549		$	957,227		$	1,331,700
EXPENSES
Mortality and expense risk		258			5,122			1,156,350			1,636,128			451,442			468,283
Administrative fees		31			8,772			265,242			375,601			104,948			107,015
Total Expenses		289			13,894			1,421,592			2,011,729			556,390			575,298
Net Investment Income (Loss)		(189	)		157,742			6,551,172			8,653,820			400,837			756,402
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		262			(15,695	)		(1,517,447	)		(3,727,489	)		(6,140	)		1,892,311
Capital gain distributions		830			-			-			-			1,941,242			-
Realized Gain (Loss) on Investments		1,092			(15,695	)		(1,517,447	)		(3,727,489	)		1,935,102			1,892,311
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		1,586			(139,845	)		2,603,525			(697,365	)		1,829,559			(5,590,899	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	2,489		$	2,202		$	7,637,250		$	4,228,966		$	4,165,498		$	(2,942,186	)

				MFS
	MFS			Massachusetts			MFS			MFS			MFS			MFS
	International			Investors			New Discovery			Total Return			Utilities			Utilities
	Growth -			Growth Stock -			Series -			Series -			Series -			Series -
	Initial Class			Service Class			Initial Class			Service Class			Initial Class			Service Class
INVESTMENT INCOME
Dividends	$	16,775		$	89,653		$	-		$	10,120,214		$	11,497		$	1,167,591
EXPENSES
Mortality and expense risk		3,239			467,872			2,072			4,411,692			838			546,524
Administrative fees		4,825			106,818			2,905			955,947			1,487			124,206
Total Expenses		8,064			574,690			4,977			5,367,639			2,325			670,730
Net Investment Income (Loss)		8,711			(485,037	)		(4,977	)		4,752,575			9,172			496,861
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		1,179			2,461,513			(12,888	)		2,292,864			(4,925	)		846,725
Capital gain distributions		5,449			6,237,456			-			21,707,731			14,187			1,625,641
Realized Gain (Loss) on Investments		6,628			8,698,969			(12,888	)		24,000,595			9,262			2,472,366
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		107,495			1,769,813			72,313			(2,025,068	)		(4,463	)		2,446,390
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	122,834		$	9,983,745		$	54,448		$	26,728,102		$	13,971		$	5,415,617

See Notes to Financial Statements

SA-41

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

	Variable Accounts
	MFS			MFS
	Value			Value			TOPS			TOPS		TOPS			TOPS
	Series -			Series -			Aggressive Growth			Balanced		Conservative			Growth
	Initial Class			Service Class			ETF Class 1			ETF Class 1		ETF Class 1			ETF Class 1
INVESTMENT INCOME
Dividends	$	16,314		$	1,095,478		$	7,523		$	3,353	$	8,448		$	10,965
EXPENSES
Mortality and expense risk		2,042			522,146			769			314		447			1,270
Administrative fees		3,305			115,129			1,442			471		893			2,060
Total Expenses		5,347			637,275			2,211			785		1,340			3,330
Net Investment Income (Loss)		10,967			458,203			5,312			2,568		7,108			7,635
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		1,684			1,778,361			2,301			144		4,589			82
Capital gain distributions		73,885			5,819,657			4,494			700		2,338			1,370
Realized Gain (Loss) on Investments		75,569			7,598,018			6,795			844		6,927			1,452
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(1,270	)		(389,222	)		37,103			6,347		1,405			56,772
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	85,266		$	7,666,999		$	49,210		$	9,759	$	15,440		$	65,859

												PIMCO			PIMCO
	TOPS			TOPS			TOPS					Commodity-			Emerging Markets
	Managed Risk			Managed Risk			Managed Risk			TOPS		RealReturn			Bond -
	Balanced			Growth			Moderate Growth			Moderate Growth		Strategy -			Institutional
	ETF Class 1			ETF Class 1			ETF Class 1 (1)			ETF Class 1		Advisor Class			Class
INVESTMENT INCOME
Dividends	$	19,038		$	16,540		$	7,034		$	1,529	$	348,577		$	17,176
EXPENSES
Mortality and expense risk		970			986			242			93		163,952			431
Administrative fees		1,939			1,285			485			187		39,315			771
Total Expenses		2,909			2,271			727			280		203,267			1,202
Net Investment Income (Loss)		16,129			14,269			6,307			1,249		145,310			15,974
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		424			68			(12	)		6		(696,437	)		(1,782	)
Capital gain distributions		-			-			-			1,057		-			-
Realized Gain (Loss) on Investments		424			68			(12	)		1,063		(696,437	)		(1,782	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		19,976			2,860			4,936			2,268		1,006,407			1,238
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	36,529		$	17,197		$	11,231		$	4,580	$	455,280		$	15,430

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-42

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
				PIMCO
				Long-Term U.S.			PIMCO			PIMCO
				Government -			Low Duration -			Total Return -
	PIMCO Income -			Institutional			Institutional			Institutional			Schwab			Schwab
	Advisor Class			Class			Class			Class			S&P 500 Index			VIT Balanced
INVESTMENT INCOME
Dividends	$	3,440,443		$	20,017		$	170,911		$	145,821		$	739,159		$	1,310,079
EXPENSES
Mortality and expense risk		557,311			1,125			8,819			6,510			88,482			208,791
Administrative fees		132,965			2,061			12,427			10,410			159,425			144,311
Total Expenses		690,276			3,186			21,246			16,920			247,907			353,102
Net Investment Income (Loss)		2,750,167			16,831			149,665			128,901			491,252			956,977
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(122,735	)		(34,816	)		(795	)		(2,098	)		21,958			1,720,914
Capital gain distributions		-			-			-			-			-			193,136
Realized Gain (Loss) on Investments		(122,735	)		(34,816	)		(795	)		(2,098	)		21,958			1,914,050
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(304,803	)		(54,700	)		14,437			(90,301	)		10,478,075			1,142,142
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	2,322,629		$	(72,685	)	$	163,307		$	36,502		$	10,991,285		$	4,013,169

	Schwab						State Street			T. Rowe Price			T. Rowe Price			T. Rowe Price
	VIT Balanced			Schwab			Total Return			Blue Chip			Equity			Health
	with Growth			VIT Growth			V.I.S. Class 3			Growth - I			Income - I			Sciences - I
INVESTMENT INCOME
Dividends	$	2,756,619		$	2,869,426		$	979,854		$	-		$	13,503		$	-
EXPENSES
Mortality and expense risk		517,285			547,831			1,112,551			3,555			1,188			1,801
Administrative fees		335,454			377,752			210,599			5,828			2,072			2,624
Total Expenses		852,739			925,583			1,323,150			9,383			3,260			4,425
Net Investment Income (Loss)		1,903,880			1,943,843			(343,296	)		(9,383	)		10,243			(4,425	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		2,829,312			6,209,583			10,133,888			244,895			115			(2,410	)
Capital gain distributions		374,640			444,896			4,755			97,528			61,983			99,903
Realized Gain (Loss) on Investments		3,203,952			6,654,479			10,138,643			342,423			62,098			97,493
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		6,680,174			7,324,858			(3,890,918	)		247,212			(21,291	)		(124,897	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	11,788,006		$	15,923,180		$	5,904,429		$	580,252		$	51,050		$	(31,829	)

See Notes to Financial Statements

SA-43

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
	VanEck VIP								Vanguard VIF		Vanguard VIF		Vanguard VIF
	Global Resources			Vanguard VIF			Vanguard VIF		Conservative		Diversified		Equity
		Class S			Balanced			Capital Growth		Allocation		Value		Income
INVESTMENT INCOME
Dividends	$	497,377		$	434,301		$	26,270	$	164,020	$	26,313	$	126,741
EXPENSES
Mortality and expense risk		202,633			33,646			4,287		9,369		4,776		9,015
Administrative fees		45,581			61,522			7,861		18,389		6,600		14,977
Total Expenses		248,214			95,168			12,148		27,758		11,376		23,992
Net Investment Income (Loss)		249,163			339,133			14,122		136,262		14,937		102,749
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		657,349			(45,701	)		10,947		14,318		4,848		(24,682	)
Capital gain distributions		-			939,310			48,017		139,025		95,108		267,177
Realized Gain (Loss) on Investments		657,349			893,609			58,964		153,343		99,956		242,495
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(1,711,933	)		1,439,169			219,733		100,186		154,908		258,418
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(805,421	)	$	2,671,911		$	292,819	$	389,791	$	269,801	$	603,662

	Vanguard VIF		Vanguard VIF						Vanguard VIF						Vanguard VIF
	Equity		Global Bond			Vanguard VIF			High Yield			Vanguard VIF			Mid-Cap
	Index		Index			Growth			Bond			International			Index
INVESTMENT INCOME
Dividends	$	48,981	$	38,877		$	16,110		$	137,386		$	27,231		$	120,960
EXPENSES
Mortality and expense risk		5,908		3,215			12,273			4,977			5,152			17,738
Administrative fees		11,163		4,551			18,402			7,995			7,857			30,319
Total Expenses		17,071		7,766			30,675			12,972			13,009			48,057
Net Investment Income (Loss)		31,910		31,111			(14,565	)		124,414			14,222			72,903
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		12,797		(32,260	)		2,597			(12,350	)		(2,587	)		(11,769	)
Capital gain distributions		140,033		1,447			-			-			72,084			100,810
Realized Gain (Loss) on Investments		152,830		(30,813	)		2,597			(12,350	)		69,497			89,041
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		600,403		10,499			1,608,779			36,751			63,682			1,149,052
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	785,143	$	10,797		$	1,596,811		$	148,815		$	147,401		$	1,310,996

See Notes to Financial Statements

SA-44

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2024

	Variable Accounts
												Vanguard VIF
						Vanguard VIF						Total
	Vanguard VIF		Vanguard VIF			Short-Term			Vanguard VIF			International			Vanguard VIF
	Moderate		Real Estate			Investment-			Total Bond			Stock Market			Total Stock
	Allocation		Index			Grade			Market Index			Index			Market Index
INVESTMENT INCOME
Dividends	$	430,878	$	78,528		$	299,494		$	446,199		$	390,782		$	177,168
EXPENSES
Mortality and expense risk		32,576		4,657			17,241			36,293			25,902			27,366
Administrative fees		57,565		8,182			29,111			62,769			44,307			48,546
Total Expenses		90,141		12,839			46,352			99,062			70,209			75,912
Net Investment Income (Loss)		340,737		65,689			253,142			347,137			320,573			101,256
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		31,479		(24,363	)		(15,641	)		(25,350	)		(13,530	)		(57,791	)
Capital gain distributions		350,351		66,247			-			-			66,328			971,305
Realized Gain (Loss) on Investments		381,830		41,884			(15,641	)		(25,350	)		52,798			913,514
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		1,038,270		(13,574	)		161,534			(256,277	)		37,499			2,043,417
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	1,760,837	$	93,999		$	399,035		$	65,510		$	410,870		$	3,058,187

See Notes to Financial Statements

SA-45

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS

	Variable Accounts
	Year/Period Ended			Year Ended	Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,	December 31,			December 31,			December 31,			December 31,
	2024			2023	2024			2023			2024			2023
	Bond Plus				Core Income						Diversified Bond
	Class I (1)				Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(175	)		$	(537,560	)	$	(406,231	)	$	(1,895,302	)	$	(2,021,594	)
Realized gain (loss) on investments		(16	)			(4,472	)		(384,585	)		1,496,812			(3,187,434	)
Change in net unrealized appreciation (depreciation) on investments		(2,600	)			1,400,701			3,318,404			1,328,638			9,042,273
Net Increase (Decrease) in Net Assets Resulting from Operations		(2,791	)			858,669			2,527,588			930,148			3,833,245
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		117,294				10,761,903			3,886,051			11,972,214			9,583,262
Transfers between variable and fixed accounts, net		176,734				6,881,877			3,993,593			4,004,636			1,448,543
Contract benefits and terminations		(3,795	)			(5,670,765	)		(4,517,692	)		(22,482,393	)		(23,777,455	)
Contract charges and deductions		-				(30,197	)		(8,389	)		(270,952	)		(273,212	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-				373			390			(1,074	)		(3,800	)
Other		(19	)			(3,550	)		2,900			6,335			440
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		290,214				11,939,641			3,356,853			(6,771,234	)		(13,022,222	)
NET INCREASE (DECREASE) IN NET ASSETS		287,423				12,798,310			5,884,441			(5,841,086	)		(9,188,977	)
NET ASSETS
Beginning of Year or Period		-				41,475,997			35,591,556			172,171,896			181,360,873
End of Year or Period	$	287,423			$	54,274,307		$	41,475,997		$	166,330,810		$	172,171,896

	Floating Rate Income						Floating Rate Income						High Yield Bond
	Class I						Class P						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(2,216,001	)	$	(2,115,255	)	$	(12,267	)	$	(8,133	)	$	(1,702,705	)	$	(1,644,392	)
Realized gain (loss) on investments		3,490,261			872,396			4,902			504			9,838,316			5,433,770
Change in net unrealized appreciation (depreciation) on investments		10,439,409			21,054,087			192,235			205,195			(799,519	)		9,064,806
Net Increase (Decrease) in Net Assets Resulting from Operations		11,713,669			19,811,228			184,870			197,566			7,336,092			12,854,184
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		17,308,015			6,788,538			666,379			764,597			6,129,392			4,242,943
Transfers between variable and fixed accounts, net		6,123,645			10,075,003			(153,059	)		262,865			358,400			11,344,993
Contract benefits and terminations		(32,759,150	)		(24,893,129	)		(202,062	)		(71,771	)		(23,366,933	)		(17,513,995	)
Contract charges and deductions		(235,273	)		(228,082	)		-			-			(271,952	)		(277,525	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		362			(10,328	)		-			-			(1,998	)		(1,362	)
Other		(62	)		(1,127	)		31			86			(2,660	)		9,729
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(9,562,463	)		(8,269,125	)		311,289			955,777			(17,155,751	)		(2,195,217	)
NET INCREASE (DECREASE) IN NET ASSETS		2,151,206			11,542,103			496,159			1,153,343			(9,819,659	)		10,658,967
NET ASSETS
Beginning of Year		176,368,982			164,826,879			2,239,999			1,086,656			134,238,065			123,579,098
End of Year	$	178,520,188		$	176,368,982		$	2,736,158		$	2,239,999		$	124,418,406		$	134,238,065

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-46

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,
	2024			2023			2024			2023			2024			2023
	Inflation Managed						Intermediate Bond						Managed Bond
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,948,935	)	$	(2,141,977	)	$	(281,172	)	$	(145,077	)	$	(3,641,230	)	$	(3,659,457	)
Realized gain (loss) on investments		3,884,702			2,746,431			(31,661	)		(271,494	)		2,310,155			4,324,927
Change in net unrealized appreciation (depreciation) on investments		(401,213	)		2,953,586			625,576			1,134,080			5,438,627			13,873,516
Net Increase (Decrease) in Net Assets Resulting from Operations		1,534,554			3,558,040			312,743			717,509			4,107,552			14,538,986
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		4,596,024			4,328,789			12,882,774			5,128,019			20,636,638			12,644,079
Transfers between variable and fixed accounts, net		499,781			(814,111	)		6,366,154			9,119,186			16,578,824			9,550,191
Contract benefits and terminations		(22,991,933	)		(21,886,973	)		(2,269,737	)		(1,318,812	)		(41,618,471	)		(39,998,307	)
Contract charges and deductions		(258,222	)		(291,496	)		(53,298	)		(26,317	)		(552,080	)		(552,648	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(6,649	)		(5,210	)		-			-			(15,525	)		(1,828	)
Other		1,247			1,293			648			3,318			(3,919	)		15,453
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(18,159,752	)		(18,667,708	)		16,926,541			12,905,394			(4,974,533	)		(18,343,060	)
NET INCREASE (DECREASE) IN NET ASSETS		(16,625,198	)		(15,109,668	)		17,239,284			13,622,903			(866,981	)		(3,804,074	)
NET ASSETS
Beginning of Year		153,790,793			168,900,461			21,506,403			7,883,500			289,282,431			293,086,505
End of Year	$	137,165,595		$	153,790,793		$	38,745,687		$	21,506,403		$	288,415,450		$	289,282,431

	Short Duration Bond						Emerging Markets Debt						Dividend Growth
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(2,977,726	)	$	(3,090,020	)	$	(148,492	)	$	(144,800	)	$	(5,656,449	)	$	(4,921,862	)
Realized gain (loss) on investments		2,519,036			2,762,425			232,731			193,758			14,396,478			7,934,766
Change in net unrealized appreciation (depreciation) on investments		11,312,675			11,498,556			588,104			1,226,693			46,427,589			46,845,495
Net Increase (Decrease) in Net Assets Resulting from Operations		10,853,985			11,170,961			672,343			1,275,651			55,167,618			49,858,399
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		15,903,834			8,599,653			721,564			511,536			55,525,408			33,147,049
Transfers between variable and fixed accounts, net		29,866,804			10,539,326			769,813			(69,735	)		(326,602	)		7,824,425
Contract benefits and terminations		(57,159,078	)		(46,454,452	)		(2,120,156	)		(1,866,136	)		(65,284,321	)		(46,822,541	)
Contract charges and deductions		(1,063,217	)		(1,197,455	)		(29,113	)		(25,058	)		(844,699	)		(810,999	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(20,963	)		(9,190	)		-			-			(573	)		(5,713	)
Other		3,603			2,134			39			(359	)		13,516			(3,110	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(12,469,017	)		(28,519,984	)		(657,853	)		(1,449,752	)		(10,917,271	)		(6,670,889	)
NET INCREASE (DECREASE) IN NET ASSETS		(1,615,032	)		(17,349,023	)		14,490			(174,101	)		44,250,347			43,187,510
NET ASSETS
Beginning of Year		292,996,088			310,345,111			12,354,722			12,528,823			460,667,518			417,480,008
End of Year	$	291,381,056		$	292,996,088		$	12,369,212		$	12,354,722		$	504,917,865		$	460,667,518

See Notes to Financial Statements

SA-47

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,
	2024			2023			2024			2023			2024			2023
	Equity Index						Focused Growth						Growth
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(21,137,486	)	$	(16,459,392	)	$	(3,469,420	)	$	(2,518,353	)	$	(5,724,350	)	$	(4,221,719	)
Realized gain (loss) on investments		9,734,049			7,360,130			1,289,022			2,330,527			4,669,583			11,298,301
Change in net unrealized appreciation (depreciation) on investments		383,344,576			321,771,232			63,696,909			60,144,164			118,482,508			91,193,665
Net Increase (Decrease) in Net Assets Resulting from Operations		371,941,139			312,671,970			61,516,511			59,956,338			117,427,741			98,270,247
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		394,709,874			117,626,972			49,353,979			15,064,072			50,556,568			19,076,142
Transfers between variable and fixed accounts, net		(13,850,975	)		2,241,297			9,697,836			8,136,780			7,320,355			8,196,291
Contract benefits and terminations		(259,719,056	)		(151,559,114	)		(36,912,823	)		(20,680,340	)		(57,118,709	)		(34,143,246	)
Contract charges and deductions		(1,261,807	)		(740,569	)		(379,479	)		(210,144	)		(542,428	)		(406,336	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(26,982	)		2,296			(37	)		(514	)		(21,011	)		(3,204	)
Other		(31,974	)		(13,808	)		8,510			(7,802	)		11,582			26,609
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		119,819,080			(32,442,926	)		21,767,986			2,302,052			206,357			(7,253,744	)
NET INCREASE (DECREASE) IN NET ASSETS		491,760,219			280,229,044			83,284,497			62,258,390			117,634,098			91,016,503
NET ASSETS
Beginning of Year		1,578,887,432			1,298,658,388			229,957,026			167,698,636			386,397,396			295,380,893
End of Year	$	2,070,647,651		$	1,578,887,432		$	313,241,523		$	229,957,026		$	504,031,494		$	386,397,396

	Hedged Equity						Hedged Equity						Large-Cap Core
	Class I						Class P						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(3,548,996	)	$	(1,989,378	)	$	(17,116	)	$	(10,529	)	$	(4,022,439	)	$	(3,320,945	)
Realized gain (loss) on investments		468,942			(434,338	)		1,503			(852	)		9,209,085			13,767,958
Change in net unrealized appreciation (depreciation) on investments		46,259,534			22,953,628			566,458			312,712			53,812,118			45,247,210
Net Increase (Decrease) in Net Assets Resulting from Operations		43,179,480			20,529,912			550,845			301,331			58,998,764			55,694,223
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		70,371,046			39,525,984			938,039			225,448			34,475,774			15,676,391
Transfers between variable and fixed accounts, net		37,613,491			54,857,624			664,753			614,648			(1,688,893	)		(240,633	)
Contract benefits and terminations		(27,558,272	)		(8,101,484	)		(48,314	)		(26,150	)		(36,655,207	)		(29,193,475	)
Contract charges and deductions		(2,986,830	)		(1,807,289	)		(19,782	)		(16,805	)		(407,561	)		(368,081	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(15,418	)		(11,449	)
Other		714			(1,932	)		(189	)		(25	)		(19,912	)		4,183
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		77,440,149			84,472,903			1,534,507			797,116			(4,311,217	)		(14,133,064	)
NET INCREASE (DECREASE) IN NET ASSETS		120,619,629			105,002,815			2,085,352			1,098,447			54,687,547			41,561,159
NET ASSETS
Beginning of Year		226,718,859			121,716,044			2,639,046			1,540,599			268,648,298			227,087,139
End of Year	$	347,338,488		$	226,718,859		$	4,724,398		$	2,639,046		$	323,335,845		$	268,648,298

See Notes to Financial Statements

SA-48

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year Ended			Year/Period Ended			Year Ended	Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,	December 31,			December 31,
	2024			2023			2024			2023	2024			2023
	Large-Cap Growth						Large-Cap Plus Bond Alpha				Large-Cap Value
		Class I						Class I (1)				Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(3,608,530	)	$	(2,929,691	)	$	(3	)		$	(3,174,366	)	$	(3,083,327	)
Realized gain (loss) on investments		31,081,008			16,765,763			32				13,349,988			16,181,852
Change in net unrealized appreciation(depreciation) on investments		41,887,608			67,890,975			(60	)			5,524,926			17,426,685
Net Increase (Decrease) in Net Assets Resulting from Operations		69,360,086			81,727,047			(31	)			15,700,548			30,525,210
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		23,028,994			10,020,210			-				23,774,069			14,398,494
Transfers between variable and fixed accounts, net		(1,860,409	)		1,338,376			3,941				(3,603,026	)		(9,058,915	)
Contract benefits and terminations		(47,405,388	)		(29,350,075	)		-				(33,540,435	)		(28,023,612	)
Contract charges and deductions		(267,468	)		(211,508	)		-				(222,412	)		(203,294	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		2,179			(8,332	)		-				(2,022	)		2,400
Other		(4,626	)		33,833			-				(5,909	)		25,880
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(26,506,718	)		(18,177,496	)		3,941				(13,599,735	)		(22,859,047	)
NET INCREASE (DECREASE) IN NET ASSETS		42,853,368			63,549,551			3,910				2,100,813			7,666,163
NET ASSETS
Beginning of Year or Period		258,438,334			194,888,783			-				247,326,651			239,660,488
End of Year or Period	$	301,291,702		$	258,438,334		$	3,910			$	249,427,464		$	247,326,651

	Mid-Cap Growth						Mid-Cap Plus Bond Alpha						Mid-Cap Value
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(3,476,114	)	$	(3,169,293	)	$	(3,101,279	)	$	(2,779,585	)	$	(1,479,075	)	$	(1,197,122	)
Realized gain (loss) on investments		8,447,171			8,033,924			1,649,533			16,278,034			425,360			3,878,032
Change in net unrealized appreciation (depreciation) on investments		(1,404,124	)		39,801,774			31,574,749			14,284,741			11,732,366			12,237,136
Net Increase (Decrease) in Net Assets Resulting from Operations		3,566,933			44,666,405			30,123,003			27,783,190			10,678,651			14,918,046
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		36,382,422			14,261,882			26,933,593			8,493,358			19,329,849			7,068,409
Transfers between variable and fixed accounts, net		327,140			8,317,131			8,298,592			(3,570,631	)		7,185,478			5,453,685
Contract benefits and terminations		(37,120,866	)		(27,038,504	)		(31,683,154	)		(24,333,931	)		(16,858,504	)		(11,841,371	)
Contract charges and deductions		(570,350	)		(511,645	)		(305,250	)		(246,242	)		(193,680	)		(170,693	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(4,706	)		(1,643	)		(8,861	)		675			401			(10,215	)
Other		(11,434	)		(449	)		(3,472	)		9,303			1,473			(9,303	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(997,794	)		(4,973,228	)		3,231,448			(19,647,468	)		9,465,017			490,512
NET INCREASE (DECREASE) IN NET ASSETS		2,569,139			39,693,177			33,354,451			8,135,722			20,143,668			15,408,558
NET ASSETS
Beginning of Year		287,474,071			247,780,894			220,028,998			211,893,276			116,846,380			101,437,822
End of Year	$	290,043,210		$	287,474,071		$	253,383,449		$	220,028,998		$	136,990,048		$	116,846,380

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-49

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Year Ended	Year/Period Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,	December 31,			December 31,			December 31,			December 31,
	2024			2023	2024			2023			2024			2023
	QQQ Plus Bond Alpha				Small-Cap Equity						Small-Cap Growth
	Class I (1)				Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,386	)		$	(754,378	)	$	(670,936	)	$	(1,489,317	)	$	(1,343,984	)
Realized gain (loss) on investments		50				3,263,264			2,539,043			2,791,518			410,052
Change in net unrealized appreciation (depreciation) on investments		(66,560	)			2,686,320			5,039,058			5,448,369			15,184,101
Net Increase (Decrease) in Net Assets Resulting from Operations		(67,896	)			5,195,206			6,907,165			6,750,570			14,250,169
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,551,036				6,750,389			2,951,486			11,146,538			5,281,554
Transfers between variable and fixed accounts, net		185,321				(2,110,306	)		5,953,691			3,145,753			1,688,948
Contract benefits and terminations		-				(7,856,523	)		(9,640,025	)		(16,034,459	)		(11,127,927	)
Contract charges and deductions		-				(109,606	)		(89,279	)		(278,512	)		(299,464	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-				756			2,812			(1,899	)		(3,280	)
Other		(95	)			1,861			(199	)		(2,987	)		(4,316	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,736,262				(3,323,429	)		(821,514	)		(2,025,566	)		(4,464,485	)
NET INCREASE (DECREASE) IN NET ASSETS		2,668,366				1,871,777			6,085,651			4,725,004			9,785,684
NET ASSETS
Beginning of Year or Period		-				64,364,454			58,278,803			122,470,131			112,684,447
End of Year or Period	$	2,668,366			$	66,236,231		$	64,364,454		$	127,195,135		$	122,470,131

	Small-Cap Index						Small-Cap Plus Bond Alpha			Small-Cap Value
		Class I						Class I (1)			Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(3,308,146	)	$	(2,821,047	)	$	(29	)	$	(1,335,502	)	$	(1,336,022	)
Realized gain (loss) on investments		2,368,832			5,601,799			(1	)		9,060,225			3,879,583
Change in net unrealized appreciation (depreciation) on investments		26,157,877			30,851,168			(637	)		(2,866,496	)		4,075,220
Net Increase (Decrease) in Net Assets Resulting from Operations		25,218,563			33,631,920			(667	)		4,858,227			6,618,781
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		32,387,932			13,137,183			37,618			9,401,317			4,509,203
Transfers between variable and fixed accounts, net		21,155,876			11,095,219			13,404			(4,344,187	)		1,851,772
Contract benefits and terminations		(34,567,964	)		(27,634,505	)		-			(16,274,501	)		(10,537,592	)
Contract charges and deductions		(237,499	)		(194,561	)		-			(157,930	)		(169,000	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(3,747	)		4,930			-			(2,184	)		4,938
Other		8,289			(6,331	)		(2	)		(681	)		2,077
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		18,742,887			(3,598,065	)		51,020			(11,378,166	)		(4,338,602	)
NET INCREASE (DECREASE) IN NET ASSETS		43,961,450			30,033,855			50,353			(6,519,939	)		2,280,179
NET ASSETS
Beginning of Year or Period		253,807,679			223,773,824			-			110,847,444			108,567,265
End of Year or Period	$	297,769,129		$	253,807,679		$	50,353		$	104,327,505		$	110,847,444

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-50

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2024			2023			2024			2023			2024			2023
	Value						Value Advantage						Emerging Markets
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,697,523	)	$	(1,748,757	)	$	(938,160	)	$	(907,681	)	$	(1,741,199	)	$	(1,840,683	)
Realized gain (loss) on investments		16,790,427			15,169,669			2,184,056			(213,222	)		10,458,180			2,112,028
Change in net unrealized appreciation (depreciation) on investments		(1,109,730	)		(9,467,542	)		10,827,419			7,321,933			(12,625,169	)		10,511,425
Net Increase (Decrease) in Net Assets Resulting from Operations		13,983,174			3,953,370			12,073,315			6,201,030			(3,908,188	)		10,782,770
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		6,364,571			4,214,270			8,671,496			5,837,751			8,643,458			5,483,500
Transfers between variable and fixed accounts, net		(3,883,149	)		(6,582,510	)		(1,991,525	)		(10,311,855	)		(448,360	)		5,322,987
Contract benefits and terminations		(22,016,003	)		(19,289,386	)		(9,999,210	)		(9,171,760	)		(18,136,338	)		(15,798,677	)
Contract charges and deductions		(565,854	)		(631,544	)		(97,097	)		(93,106	)		(279,611	)		(323,668	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(5,519	)		(1,947	)		(32	)		193			(1,844	)		714
Other		(3,380	)		2,808			729			(2,514	)		(4,013	)		577
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(20,109,334	)		(22,288,309	)		(3,415,639	)		(13,741,291	)		(10,226,708	)		(5,314,567	)
NET INCREASE (DECREASE) IN NET ASSETS		(6,126,160	)		(18,334,939	)		8,657,676			(7,540,261	)		(14,134,896	)		5,468,203
NET ASSETS
Beginning of Year		159,050,663			177,385,602			82,090,911			89,631,172			146,028,182			140,559,979
End of Year	$	152,924,503		$	159,050,663		$	90,748,587		$	82,090,911		$	131,893,286		$	146,028,182

	International Equity			International Growth						International Large-Cap
	Plus Bond Alpha Class I (1)			Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(5	)	$	(56,635	)	$	(27,907	)	$	(2,936,640	)	$	(2,855,695	)
Realized gain (loss) on investments		(39	)		(12,756	)		(37,788	)		13,637,128			18,941,942
Change in net unrealized appreciation (depreciation) on investments		(89	)		169,776			337,647			(4,129,671	)		23,467,928
Net Increase (Decrease) in Net Assets Resulting from Operations		(133	)		100,385			271,952			6,570,817			39,554,175
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		14,428			4,420,608			1,390,887			14,702,659			9,432,352
Transfers between variable and fixed accounts, net		40			1,053,196			542,565			859,829			(7,466,039	)
Contract benefits and terminations		-			(370,703	)		(211,034	)		(30,857,138	)		(27,771,007	)
Contract charges and deductions		-			(8,017	)		(2,957	)		(729,235	)		(823,408	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			(9,520	)		(5,452	)
Other		-			(197	)		3,869			1,113			9,625
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		14,468			5,094,887			1,723,330			(16,032,292	)		(26,623,929	)
NET INCREASE (DECREASE) IN NET ASSETS		14,335			5,195,272			1,995,282			(9,461,475	)		12,930,246
NET ASSETS
Beginning of Year or Period		-			3,565,576			1,570,294			252,795,503			239,865,257
End of Year or Period	$	14,335		$	8,760,848		$	3,565,576		$	243,334,028		$	252,795,503

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-51

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,
	2024			2023			2024			2023			2024			2023
	International Small-Cap						International Value						Health Sciences
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(450,376	)	$	(435,078	)	$	(1,598,705	)	$	(1,474,762	)	$	(3,695,122	)	$	(3,631,782	)
Realized gain (loss) on investments		1,773,935			2,036,660			4,785,841			7,054,309			30,700,905			23,451,821
Change in net unrealized appreciation (depreciation) on investments		(2,033,088	)		3,506,210			163,297			14,203,104			(18,188,979	)		(14,654,455	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(709,529	)		5,107,792			3,350,433			19,782,651			8,816,804			5,165,584
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,100,607			898,133			8,565,712			4,184,302			13,521,920			9,453,029
Transfers between variable and fixed accounts, net		1,149,404			(536,313	)		2,887,302			(591,138	)		1,005,793			1,621,720
Contract benefits and terminations		(5,322,505	)		(3,270,296	)		(15,982,676	)		(12,336,352	)		(44,380,187	)		(33,430,622	)
Contract charges and deductions		(97,609	)		(99,165	)		(211,094	)		(218,783	)		(300,575	)		(300,436	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		210			(41	)		(4,820	)		676			(3,348	)		(5,846	)
Other		(574	)		755			787			1,739			20,349			(1,275	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(2,170,467	)		(3,006,927	)		(4,744,789	)		(8,959,556	)		(30,136,048	)		(22,663,430	)
NET INCREASE (DECREASE) IN NET ASSETS		(2,879,996	)		2,100,865			(1,394,356	)		10,823,095			(21,319,244	)		(17,497,846	)
NET ASSETS
Beginning of Year		36,243,307			34,142,442			122,441,200			111,618,105			272,537,490			290,035,336
End of Year	$	33,363,311		$	36,243,307		$	121,046,844		$	122,441,200		$	251,218,246		$	272,537,490

	Real Estate						Technology						ESG Diversified
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,375,337	)	$	(1,391,112	)	$	(3,546,312	)	$	(2,428,465	)	$	(293,491	)	$	(166,759	)
Realized gain (loss) on investments		12,800,075			7,073,769			9,375,797			273,933			9,494			(123,472	)
Change in net unrealized appreciation (depreciation) on investments		(5,354,380	)		5,795,803			74,154,678			79,211,335			2,690,907			2,253,634
Net Increase (Decrease) in Net Assets Resulting from Operations		6,070,358			11,478,460			79,984,163			77,056,803			2,406,910			1,963,403
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		3,336,720			2,405,163			24,089,682			9,752,535			4,059,764			2,634,717
Transfers between variable and fixed accounts, net		(2,268,424	)		2,642,841			10,804,061			16,142,350			977,169			8,636,941
Contract benefits and terminations		(15,322,276	)		(12,951,983	)		(37,332,080	)		(22,517,695	)		(1,619,306	)		(528,317	)
Contract charges and deductions		(174,948	)		(193,998	)		(254,363	)		(203,003	)		(278,217	)		(165,832	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(995	)		(2,643	)		338			(9,003	)		-			-
Other		(713	)		3,931			9,778			18,325			275			(275	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(14,430,636	)		(8,096,689	)		(2,682,584	)		3,183,509			3,139,685			10,577,234
NET INCREASE (DECREASE) IN NET ASSETS		(8,360,278	)		3,381,771			77,301,579			80,240,312			5,546,595			12,540,637
NET ASSETS
Beginning of Year		108,030,969			104,649,198			227,480,772			147,240,460			21,077,463			8,536,826
End of Year	$	99,670,691		$	108,030,969		$	304,782,351		$	227,480,772		$	26,624,058		$	21,077,463

See Notes to Financial Statements

SA-52

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Year/Period Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2024			2023			2024			2023			2024			2023
	ESG Diversified						ESG Diversified Growth						ESG Diversified Growth
	Class P (1)						Class I						Class P
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(110	)	$	(675	)	$	(24,361	)	$	(9,329	)	$	(318	)	$	(167	)
Realized gain (loss) on investments		(1	)		15,193			(2,669	)		(22,939	)		8,833			(3	)
Change in net unrealized appreciation (depreciation) on investments		(1,263	)		9,447			255,174			192,881			6,249			6,147
Net Increase (Decrease) in Net Assets Resulting from Operations		(1,374	)		23,965			228,144			160,613			14,764			5,977
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		92,252			-			2,020,173			183,220			319,927			-
Transfers between variable and fixed accounts, net		-			(481,360	)		32,920			370,853			(327,797	)		25,200
Contract benefits and terminations		(91	)		(586	)		(59,169	)		(72,073	)		(3,843	)		(250	)
Contract charges and deductions		-			-			(2,898	)		(1,625	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(4	)		23			(422	)		(138	)		4			-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		92,157			(481,923	)		1,990,604			480,237			(11,709	)		24,950
NET INCREASE (DECREASE) IN NET ASSETS		90,783			(457,958	)		2,218,748			640,850			3,055			30,927
NET ASSETS
Beginning of Year or Period		-			457,958			1,458,757			817,907			51,515			20,588
End of Year or Period	$	90,783		$	-		$	3,677,505		$	1,458,757		$	54,570		$	51,515

	PSF Avantis						PSF Avantis						Pacific Dynamix -
	Balanced Allocation Class D						Balanced Allocation Class P						Conservative Growth Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(3,604,472	)	$	(3,551,959	)	$	(8,685	)	$	(8,400	)	$	(5,043,798	)	$	(5,236,706	)
Realized gain (loss) on investments		15,483,208			1,468,488			20,097			(37,093	)		26,746,508			22,479,966
Change in net unrealized appreciation (depreciation) on investments		17,535,706			37,040,181			194,632			274,567			7,598,393			25,087,794
Net Increase (Decrease) in Net Assets Resulting from Operations		29,414,442			34,956,710			206,044			229,074			29,301,103			42,331,054
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		11,898,230			6,540,447			86,234			141,843			8,693,303			12,346,151
Transfers between variable and fixed accounts, net		(3,117,338	)		(1,336,406	)		(155	)		(26,536	)		4,103,660			651,078
Contract benefits and terminations		(47,969,878	)		(33,200,877	)		(210,709	)		(227,589	)		(64,658,118	)		(72,586,156	)
Contract charges and deductions		(2,832,797	)		(3,028,788	)		(371	)		(850	)		(2,985,117	)		(3,316,303	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		192			168			-			-			(2,315	)		(23,655	)
Other		5,285			2,758			3			(480	)		43			647
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(42,016,306	)		(31,022,698	)		(124,998	)		(113,612	)		(54,848,544	)		(62,928,238	)
NET INCREASE (DECREASE) IN NET ASSETS		(12,601,864	)		3,934,012			81,046			115,462			(25,547,441	)		(20,597,184	)
NET ASSETS
Beginning of Year		301,972,559			298,038,547			1,901,469			1,786,007			426,999,334			447,596,518
End of Year	$	289,370,695		$	301,972,559		$	1,982,515		$	1,901,469		$	401,451,893		$	426,999,334

(1)

All units were fully redeemed or transferred prior to December 31, 2023. Operations resumed during 2024 (See Financial Highlights for commencement date of operations

See Notes to Financial Statements

SA-53

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year Ended			Year Ended			Year Ended			Year/Period Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2024			2023			2024			2023			2024			2023
	Pacific Dynamix -						Pacific Dynamix -						Pacific Dynamix -
	Conservative Growth Class P						Moderate Growth Class I						Moderate Growth Class P
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(7,627	)	$	(8,588	)	$	(27,370,813	)	$	(26,206,145	)	$	(5,426	)	$	(4,460	)
Realized gain (loss) on investments		37,170			(15,151	)		150,549,156			75,370,942			1,518			(11,150	)
Change in net unrealized appreciation (depreciation) on investments		85,390			197,486			108,978,860			231,187,007			104,166			122,394
Net Increase (Decrease) in Net Assets Resulting from Operations		114,933			173,747			232,157,203			280,351,804			100,258			106,784
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			-			102,140,759			88,870,301			934,105			534,577
Transfers between variable and fixed accounts, net		7,554			(121,420	)		5,900,943			13,069,235			-			-
Contract benefits and terminations		(384,763	)		(190,821	)		(342,368,724	)		(258,092,604	)		(26,031	)		(315,521	)
Contract charges and deductions		(4,643	)		(4,640	)		(20,949,423	)		(22,513,809	)		(4,813	)		(7,233	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(8,150	)		(25,630	)		-			-
Other		5,033			-			(3,694	)		65,965			(23	)		(22	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(376,819	)		(316,881	)		(255,288,289	)		(178,626,542	)		903,238			211,801
NET INCREASE (DECREASE) IN NET ASSETS		(261,886	)		(143,134	)		(23,131,086	)		101,725,262			1,003,496			318,585
NET ASSETS
Beginning of Year		1,468,953			1,612,087			2,243,812,569			2,142,087,307			867,645			549,060
End of Year	$	1,207,067		$	1,468,953		$	2,220,681,483		$	2,243,812,569		$	1,871,141		$	867,645

	Pacific Dynamix -						Pacific Dynamix -						Pacific Dynamix -
	Growth Class I						Growth Class P						Aggressive Growth Class I (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(20,294,189	)	$	(18,572,735	)	$	(17,625	)	$	(8,070	)	$	(16,640	)
Realized gain (loss) on investments		83,074,458			(10,586,621	)		96,922			(57,559	)		(335	)
Change in net unrealized appreciation (depreciation) on investments		130,856,015			248,936,068			413,704			348,367			116,792
Net Increase (Decrease) in Net Assets Resulting from Operations		193,636,284			219,776,712			493,001			282,738			99,817
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		31,104,509			23,616,279			221,983			3,149,187			2,672,179
Transfers between variable and fixed accounts, net		(31,426,972	)		9,751,905			(79,184	)		(443,949	)		1,220,313
Contract benefits and terminations		(152,085,979	)		(92,523,052	)		(544,588	)		(18,452	)		(750	)
Contract charges and deductions		(11,643,928	)		(12,153,480	)		-			-			(2,548	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(2,914	)		605			-			-			-
Other		79,066			16,594			1,552			(70	)		(185	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(163,976,218	)		(71,291,149	)		(400,237	)		2,686,716			3,889,009
NET INCREASE (DECREASE) IN NET ASSETS		29,660,066			148,485,563			92,764			2,969,454			3,988,826
NET ASSETS
Beginning of Year or Period		1,600,227,493			1,451,741,930			3,789,935			820,481			-
End of Year or Period	$	1,629,887,559		$	1,600,227,493		$	3,882,699		$	3,789,935		$	3,988,826

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-54

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,
	2024			2023			2024			2023			2024			2023
	Portfolio Optimization						Portfolio Optimization						Portfolio Optimization
	Conservative Class I						Moderate-Conservative Class I						Moderate Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(13,107,362	)	$	(14,347,563	)	$	(19,297,408	)	$	(20,204,727	)	$	(90,527,504	)	$	(90,917,109	)
Realized gain (loss) on investments		54,771,879			48,115,959			101,257,587			87,407,786			542,727,717			415,372,197
Change in net unrealized appreciation (depreciation) on investments		2,434,881			39,949,001			9,541,648			61,466,828			126,760,933			403,292,867
Net Increase (Decrease) in Net Assets Resulting from Operations		44,099,398			73,717,397			91,501,827			128,669,887			578,961,146			727,747,955
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		15,771,813			14,649,883			20,332,180			19,475,578			59,277,968			60,788,048
Transfers between variable and fixed accounts, net		30,957,689			(4,507,018	)		(3,928,338	)		(4,976,882	)		(36,872,885	)		(31,206,433	)
Contract benefits and terminations		(182,603,402	)		(157,004,950	)		(210,278,348	)		(210,146,367	)		(890,888,358	)		(778,019,217	)
Contract charges and deductions		(8,920,799	)		(9,904,064	)		(10,784,149	)		(11,783,668	)		(52,023,641	)		(55,672,345	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(20,763	)		(10,473	)		(37,856	)		(149,575	)		(231,315	)		(127,462	)
Other		78,377			23,606			30,737			40,725			70,005			85,143
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(144,737,085	)		(156,753,016	)		(204,665,774	)		(207,540,189	)		(920,668,226	)		(804,152,266	)
NET INCREASE (DECREASE) IN NET ASSETS		(100,637,687	)		(83,035,619	)		(113,163,947	)		(78,870,302	)		(341,707,080	)		(76,404,311	)
NET ASSETS
Beginning of Year		966,656,072			1,049,691,691			1,396,229,421			1,475,099,723			6,307,581,493			6,383,985,804
End of Year	$	866,018,385		$	966,656,072		$	1,283,065,474		$	1,396,229,421		$	5,965,874,413		$	6,307,581,493

	Portfolio Optimization						Portfolio Optimization						Invesco Oppenheimer V.I.
	Growth Class I						Aggressive-Growth Class I						International Growth Series I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(87,348,537	)	$	(86,455,873	)	$	(19,605,554	)	$	(18,914,943	)	$	336		$	25
Realized gain (loss) on investments		529,504,517			384,768,410			114,531,829			82,279,895			6,131			(55	)
Change in net unrealized appreciation (depreciation) on investments		95,796,330			391,391,542			37,421,881			104,157,199			(14,179	)		2,899
Net Increase (Decrease) in Net Assets Resulting from Operations		537,952,310			689,704,079			132,348,156			167,522,151			(7,712	)		2,869
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		37,136,689			39,912,863			11,621,163			8,655,313			113,879			-
Transfers between variable and fixed accounts, net		(43,942,387	)		(38,600,570	)		(14,463,541	)		(6,791,672	)		26,604			-
Contract benefits and terminations		(752,263,417	)		(595,163,939	)		(151,398,113	)		(121,101,697	)		(398	)		-
Contract charges and deductions		(50,522,514	)		(52,596,626	)		(9,588,794	)		(9,781,784	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		10,814			(21,598	)		(288,215	)		2,517			-			-
Other		112,088			384,581			8,936			7,294			(3	)		(2	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(809,468,727	)		(646,085,289	)		(164,108,564	)		(129,010,029	)		140,082			(2	)
NET INCREASE (DECREASE) IN NET ASSETS		(271,516,417	)		43,618,790			(31,760,408	)		38,512,122			132,370			2,867
NET ASSETS
Beginning of Year		5,805,877,531			5,762,258,741			1,284,167,130			1,245,655,008			16,843			13,976
End of Year	$	5,534,361,114		$	5,805,877,531		$	1,252,406,722		$	1,284,167,130		$	149,213		$	16,843

See Notes to Financial Statements

SA-55

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,
	2024			2023			2024			2023			2024			2023
	Invesco Oppenheimer V.I.						Invesco V.I. American						Invesco V.I. Balanced-Risk
	International Growth Series II						Value Series I						Allocation Series I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(160,967	)	$	(153,907	)	$	288		$	40		$	19,074		$	(479	)
Realized gain (loss) on investments		1,326,831			(2,252,936	)		1,428			10,226			(147	)		(9,323	)
Change in net unrealized appreciation (depreciation) on investments		(1,829,922	)		5,552,987			(24,939	)		(3,128	)		(19,367	)		16,807
Net Increase (Decrease) in Net Assets Resulting from Operations		(664,058	)		3,146,144			(23,223	)		7,138			(440	)		7,005
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,689,657			1,228,316			761,158			-			390,973			9,338
Transfers between variable and fixed accounts, net		1,049,378			1,792,625			299,468			5,233			(175,307	)		(26,523	)
Contract benefits and terminations		(2,510,379	)		(3,052,692	)		(7,779	)		(676	)		(2,099	)		(748	)
Contract charges and deductions		(15,488	)		(8,087	)		-			-			(1,028	)		(1,037	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		2			(380	)		-			-			-			-
Other		607			1,953			(18	)		(2	)		-			-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,213,777			(38,265	)		1,052,829			4,555			212,539			(18,970	)
NET INCREASE (DECREASE) IN NET ASSETS		549,719			3,107,879			1,029,606			11,693			212,099			(11,965	)
NET ASSETS
Beginning of Year		20,059,700			16,951,821			54,132			42,439			107,836			119,801
End of Year	$	20,609,419		$	20,059,700		$	1,083,738		$	54,132		$	319,935		$	107,836

	Invesco V.I. Balanced-Risk						Invesco V.I. Discovery						Invesco V.I. Equity and
	Allocation Series II						Mid Cap Growth Series I						Income Series II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	11,043,581		$	(3,650,692	)	$	(745	)	$	(441	)	$	345,421		$	349,431
Realized gain (loss) on investments		(5,026,124	)		(17,185,039	)		2,621			(32,271	)		2,345,993			1,861,494
Change in net unrealized appreciation (depreciation) on investments		99,878			33,509,556			29,950			42,813			3,134,916			2,353,618
Net Increase (Decrease) in Net Assets Resulting from Operations		6,117,335			12,673,825			31,826			10,101			5,826,330			4,564,543
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		10,033,401			11,412,575			64,285			51,930			6,283,982			3,639,549
Transfers between variable and fixed accounts, net		(420,731	)		(24,336,794	)		35,695			(41,039	)		2,617,847			30,117
Contract benefits and terminations		(37,326,320	)		(33,512,538	)		(36,005	)		(2,728	)		(6,847,858	)		(7,845,581	)
Contract charges and deductions		(2,996,620	)		(3,478,039	)		-			-			(77,969	)		(78,177	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(1,190	)		-			-			-			-			-
Other		664			25,714			(32	)		52			(1,166	)		2,096
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(30,710,796	)		(49,889,082	)		63,943			8,215			1,974,836			(4,251,996	)
NET INCREASE (DECREASE) IN NET ASSETS		(24,593,461	)		(37,215,257	)		95,769			18,316			7,801,166			312,547
NET ASSETS
Beginning of Year		258,104,658			295,319,915			105,376			87,060			54,317,104			54,004,557
End of Year	$	233,511,197		$	258,104,658		$	201,145		$	105,376		$	62,118,270		$	54,317,104

See Notes to Financial Statements

SA-56

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year/Period Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2024			2023			2024			2023			2024			2023
	Invesco V.I. EQV International						Invesco V.I. Global						Invesco V.I.
	Equity Series I (1)						Real Estate Series II						Global Series II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	7,450		$	(2	)	$	104,153		$	7,058		$	(306,427	)	$	(255,796	)
Realized gain (loss) on investments		2,619			8			(43,985	)		(679,280	)		1,901,073			1,542,806
Change in net unrealized appreciation (depreciation) on investments		(35,515	)		709			(331,877	)		1,259,241			1,738,544			4,519,550
Net Increase (Decrease) in Net Assets Resulting from Operations		(25,446	)		715			(271,709	)		587,019			3,333,190			5,806,560
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			9,938			1,020,818			902,932			3,087,828			1,605,678
Transfers between variable and fixed accounts, net		500,687			185			(156,451	)		711,783			(1,078,107	)		1,919,081
Contract benefits and terminations		(8	)		(14	)		(1,148,308	)		(1,375,561	)		(5,122,074	)		(3,219,217	)
Contract charges and deductions		-			-			(1,989	)		(1,758	)		(17,088	)		(9,327	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			54			60
Other		(17	)		-			(958	)		(4,656	)		(102	)		(1,314	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		500,662			10,109			(286,888	)		232,740			(3,129,489	)		294,961
NET INCREASE (DECREASE) IN NET ASSETS		475,216			10,824			(558,597	)		819,759			203,701			6,101,521
NET ASSETS
Beginning of Year or Period		10,824			-			8,824,831			8,005,072			23,747,073			17,645,552
End of Year or Period	$	486,040		$	10,824		$	8,266,234		$	8,824,831		$	23,950,774		$	23,747,073

	Invesco V.I. Main Street						Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -
	Small Cap Fund Series I						December Series I						December Series II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(3,563	)	$	6,030		$	(361	)	$	(91	)	$	(101,604	)	$	(44,323	)
Realized gain (loss) on investments		36,295			2,552			12,965			1			960,424			(155,688	)
Change in net unrealized appreciation (depreciation) on investments		39,345			111,126			(1,172	)		3,069			332,947			907,581
Net Increase (Decrease) in Net Assets Resulting from Operations		72,077			119,708			11,432			2,979			1,191,767			707,570
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		332,469			374,615			64,273			-			4,275,145			621,126
Transfers between variable and fixed accounts, net		284,841			(723,255	)		(864	)		56,617			1,284,446			1,507,043
Contract benefits and terminations		(43,558	)		(16,791	)		(615	)		(144	)		(676,315	)		(365,413	)
Contract charges and deductions		-			-			-			-			(1,396	)		(1,190	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		5			(28	)		(2	)		(1	)		(534	)		(117	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		573,757			(365,459	)		62,792			56,472			4,881,346			1,761,449
NET INCREASE (DECREASE) IN NET ASSETS		645,834			(245,751	)		74,224			59,451			6,073,113			2,469,019
NET ASSETS
Beginning of Year		499,573			745,324			71,184			11,733			5,072,220			2,603,201
End of Year	$	1,145,407		$	499,573		$	145,408		$	71,184		$	11,145,333		$	5,072,220

(1) Operations commenced or resumed during 2023 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-57

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year/Period Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2024			2023			2024			2023			2024			2023
	Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -
	June Series I (1)						June Series II						March Series I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,777	)	$	(633	)	$	(92,521	)	$	(44,236	)	$	(358	)	$	(137	)
Realized gain (loss) on investments		75,469			29,776			1,441,422			669,357			16,821			3,969
Change in net unrealized appreciation (depreciation) on investments		(22,454	)		(1,940	)		(397,927	)		361,040			(1,120	)		3,804
Net Increase (Decrease) in Net Assets Resulting from Operations		51,238			27,203			950,974			986,161			15,343			7,636
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		24,195			-			5,039,051			1,995,375			15,773			21,469
Transfers between variable and fixed accounts, net		256,662			228,411			644,306			(583,731	)		7,183			-
Contract benefits and terminations		(5,031	)		(1,662	)		(427,693	)		(165,174	)		(528	)		(134	)
Contract charges and deductions		-			-			(2,825	)		(2,444	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(4	)		(4	)		(2,115	)		(146	)		(1	)		(2	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		275,822			226,745			5,250,724			1,243,880			22,427			21,333
NET INCREASE (DECREASE) IN NET ASSETS		327,060			253,948			6,201,698			2,230,041			37,770			28,969
NET ASSETS
Beginning of Year or Period		253,948			-			5,285,004			3,054,963			41,312			12,343
End of Year or Period	$	581,008		$	253,948		$	11,486,702		$	5,285,004		$	79,082		$	41,312

	Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -
	March Series II						September Series I						September Series II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(86,391	)	$	(60,338	)	$	(102	)	$	(98	)	$	(78,075	)	$	(36,612	)
Realized gain (loss) on investments		1,344,675			647,202			4,269			(6,920	)		1,005,731			221,679
Change in net unrealized appreciation (depreciation) on investments		(309,931	)		524,983			(1,406	)		16,029			(179,703	)		691,962
Net Increase (Decrease) in Net Assets Resulting from Operations		948,353			1,111,847			2,761			9,011			747,953			877,029
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		3,023,476			580,431			36,612			-			4,795,702			1,429,349
Transfers between variable and fixed accounts, net		(1,314,209	)		4,925,859			2,504			(1,234	)		514,337			1,159,666
Contract benefits and terminations		(797,082	)		(930,202	)		(46	)		(71,229	)		(648,760	)		(153,660	)
Contract charges and deductions		(750	)		(503	)		-			-			(646	)		(1,310	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(436	)		(389	)		-			2			(165	)		184
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		910,999			4,575,196			39,070			(72,461	)		4,660,468			2,434,229
NET INCREASE (DECREASE) IN NET ASSETS		1,859,352			5,687,043			41,831			(63,450	)		5,408,421			3,311,258
NET ASSETS
Beginning of Year		6,837,284			1,150,241			16,583			80,033			5,459,628			2,148,370
End of Year	$	8,696,636		$	6,837,284		$	58,414		$	16,583		$	10,868,049		$	5,459,628

(1) Operations commenced or resumed during 2023 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-58

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year/Period Ended			Year/Period Ended			Year Ended			Year Ended			Year/Period Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2024			2023			2024			2023			2024			2023
	Invesco V.I. S&P 500 Buffer -						Invesco V.I. S&P 500 Buffer -						Invesco V.I. S&P 500 Buffer -
	December Series I (1)						December Series II						June Series I (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,953	)	$	(707	)	$	(319,204	)	$	(126,862	)	$	(6,405	)	$	(3,549	)
Realized gain (loss) on investments		8,688			3,551			1,133,007			119,206			125,311			22,060
Change in net unrealized appreciation (depreciation) on investments		37,215			21,673			2,411,723			1,802,578			61,392			101,078
Net Increase (Decrease) in Net Assets Resulting from Operations		43,950			24,517			3,225,526			1,794,922			180,298			119,589
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		575,571			-			10,189,661			4,249,799			202,206			1,481,835
Transfers between variable and fixed accounts, net		(424,782	)		323,732			1,146,453			4,017,804			(401,659	)		(96,479	)
Contract benefits and terminations		(618	)		(142	)		(1,565,677	)		(536,823	)		(15,310	)		(11,229	)
Contract charges and deductions		-			-			(2,490	)		(2,536	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(8	)		(4	)		(2,502	)		(1,317	)		(3	)		(20	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		150,163			323,586			9,765,445			7,726,927			(214,766	)		1,374,107
NET INCREASE (DECREASE) IN NET ASSETS		194,113			348,103			12,990,971			9,521,849			(34,468	)		1,493,696
NET ASSETS
Beginning of Year or Period		348,103			-			17,773,119			8,251,270			1,493,696			-
End of Year or Period	$	542,216		$	348,103		$	30,764,090		$	17,773,119		$	1,459,228		$	1,493,696

	Invesco V.I. S&P 500 Buffer -						Invesco V.I. S&P 500 Buffer -			Invesco V.I. S&P 500 Buffer -
	June Series II						March Series I (2)			March Series II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(353,841	)	$	(179,954	)	$	(321	)	$	(273,938	)	$	(179,613	)
Realized gain (loss) on investments		3,099,938			284,291			9,464			2,382,897			696,116
Change in net unrealized appreciation (depreciation) on investments		816,845			1,970,741			4,461			766,045			1,960,334
Net Increase (Decrease) in Net Assets Resulting from Operations		3,562,942			2,075,078			13,604			2,875,004			2,476,837
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		8,572,743			11,171,154			21,654			7,921,590			3,439,853
Transfers between variable and fixed accounts, net		3,489,503			4,496,283			33,249			5,256,638			2,185,666
Contract benefits and terminations		(1,295,300	)		(460,799	)		(708	)		(1,718,169	)		(1,986,180	)
Contract charges and deductions		(3,817	)		(3,659	)		-			(3,720	)		(2,820	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-
Other		(1,509	)		(1,213	)		(2	)		(5,395	)		(427	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		10,761,620			15,201,766			54,193			11,450,944			3,636,092
NET INCREASE (DECREASE) IN NET ASSETS		14,324,562			17,276,844			67,797			14,325,948			6,112,929
NET ASSETS
Beginning of Year or Period		25,579,226			8,302,382			-			15,335,276			9,222,347
End of Year or Period	$	39,903,788		$	25,579,226		$	67,797		$	29,661,224		$	15,335,276

(1) Operations commenced or resumed during 2023 (See Financial Highlights for commencement date of operations).

(2) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-59

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,
	2024			2023			2024			2023			2024			2023
	Invesco V.I. S&P 500 Buffer -						Invesco V.I. S&P 500 Buffer -						Invesco V.I.
	September Series I						September Series II						Technology Series I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(2,140	)	$	(1,522	)	$	(405,923	)	$	(199,441	)	$	(7,955	)	$	(4,302	)
Realized gain (loss) on investments		25,375			7,548			3,542,903			810,437			79,339			(129,196	)
Change in net unrealized appreciation (depreciation) on investments		19,048			58,004			(214,326	)		2,659,417			353,588			420,715
Net Increase (Decrease) in Net Assets Resulting from Operations		42,283			64,030			2,922,654			3,270,413			424,972			287,217
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,269			18,634			8,431,369			12,701,886			782,595			29,276
Transfers between variable and fixed accounts, net		17,588			71,081			10,102,751			4,393,454			(80,907	)		160,054
Contract benefits and terminations		(6,415	)		(121,398	)		(3,215,359	)		(959,422	)		(22,309	)		(35,531	)
Contract charges and deductions		-			-			(6,313	)		(1,244	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(2	)		(1	)		(692	)		514			285			(660	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		12,440			(31,684	)		15,311,756			16,135,188			679,664			153,139
NET INCREASE (DECREASE) IN NET ASSETS		54,723			32,346			18,234,410			19,405,601			1,104,636			440,356
NET ASSETS
Beginning of Year		416,257			383,911			31,901,756			12,496,155			961,681			521,325
End of Year	$	470,980		$	416,257		$	50,136,166		$	31,901,756		$	2,066,317		$	961,681

	American Funds IS American						American Funds IS Asset						American Funds IS Asset
	High-Income Trust Class 4						Allocation Class 1						Allocation Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	3,378,362		$	2,547,080		$	250,796		$	111,769		$	27,515,513		$	24,941,060
Realized gain (loss) on investments		(68,978	)		(986,396	)		355,401			26,130			191,388,711			119,046,475
Change in net unrealized appreciation (depreciation) on investments		1,590,942			3,547,677			660,901			492,084			299,640,070			254,257,065
Net Increase (Decrease) in Net Assets Resulting from Operations		4,900,326			5,108,361			1,267,098			629,983			518,544,294			398,244,600
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		11,050,854			4,097,814			6,556,416			2,323,171			212,488,198			147,575,774
Transfers between variable and fixed accounts, net		16,178,242			4,333,455			100,549			1,273,915			284,855,132			1,696,495
Contract benefits and terminations		(9,939,677	)		(5,486,047	)		(836,493	)		(96,548	)		(586,042,388	)		(368,211,533	)
Contract charges and deductions		(34,794	)		(33,942	)		(29,774	)		(17,622	)		(37,348,344	)		(37,028,451	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(1,906	)		-			-			-			(28,578	)		(9,987	)
Other		(1,333	)		(4,244	)		(417	)		2,779			(31,121	)		(28,079	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		17,251,386			2,907,036			5,790,281			3,485,695			(126,107,101	)		(256,005,781	)
NET INCREASE (DECREASE) IN NET ASSETS		22,151,712			8,015,397			7,057,379			4,115,678			392,437,193			142,238,819
NET ASSETS
Beginning of Year		53,400,309			45,384,912			6,931,376			2,815,698			3,471,549,541			3,329,310,722
End of Year	$	75,552,021		$	53,400,309		$	13,988,755		$	6,931,376		$	3,863,986,734		$	3,471,549,541

See Notes to Financial Statements

SA-60

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,
	2024			2023			2024			2023			2024			2023
	American Funds IS Capital						American Funds IS Capital						American Funds IS
	Income Builder Class 1						Income Builder Class 4						Capital World Bond Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	44,692		$	23,965		$	2,802,577		$	1,959,181		$	11,081		$	(839	)
Realized gain (loss) on investments		591			(2,170	)		154,244			(26,215	)		599			(5,138	)
Change in net unrealized appreciation (depreciation) on investments		73,825			54,488			8,056,258			7,034,672			(29,080	)		19,288
Net Increase (Decrease) in Net Assets Resulting from Operations		119,108			76,283			11,013,079			8,967,638			(17,400	)		13,311
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		572,003			55,452			15,318,701			9,503,958			229,445			109,392
Transfers between variable and fixed accounts, net		16,740			74,172			1,058,298			3,383,433			153,729			16,538
Contract benefits and terminations		(110,541	)		(22,856	)		(16,473,893	)		(13,529,397	)		(48,830	)		(75,486	)
Contract charges and deductions		-			-			(142,706	)		(135,245	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			36			36			-			-
Other		57			(2	)		1,813			(946	)		(4	)		(1	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		478,259			106,766			(237,751	)		(778,161	)		334,340			50,443
NET INCREASE (DECREASE) IN NET ASSETS		597,367			183,049			10,775,328			8,189,477			316,940			63,754
NET ASSETS
Beginning of Year		996,903			813,854			126,046,612			117,857,135			208,952			145,198
End of Year	$	1,594,270		$	996,903		$	136,821,940		$	126,046,612		$	525,892		$	208,952

	American Funds IS						American Funds IS Capital World						American Funds IS Capital World
	Capital World Bond Class 4						Growth and Income Class 1						Growth and Income Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	228,083		$	(225,415	)	$	25,605		$	9,421		$	463,884		$	531,105
Realized gain (loss) on investments		(458,815	)		(752,054	)		409			(13,338	)		(1,498	)		(2,975,636	)
Change in net unrealized appreciation (depreciation) on investments		(820,884	)		2,051,067			95,745			85,576			9,333,814			14,842,692
Net Increase (Decrease) in Net Assets Resulting from Operations		(1,051,616	)		1,073,598			121,759			81,659			9,796,200			12,398,161
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,928,790			1,841,101			1,201,500			98,160			15,488,903			7,050,752
Transfers between variable and fixed accounts, net		1,899,020			1,448,422			(4,770	)		287,690			(75,549	)		1,320,092
Contract benefits and terminations		(2,355,006	)		(2,335,430	)		(40,833	)		(16,003	)		(9,757,882	)		(6,855,771	)
Contract charges and deductions		(34,444	)		(34,723	)		-			-			(103,438	)		(79,392	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		9			12			-			-			233			195
Other		(1,102	)		195			237			(22	)		3,012			(48	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,437,267			919,577			1,156,134			369,825			5,555,279			1,435,828
NET INCREASE (DECREASE) IN NET ASSETS		1,385,651			1,993,175			1,277,893			451,484			15,351,479			13,833,989
NET ASSETS
Beginning of Year		23,430,362			21,437,187			584,026			132,542			77,244,495			63,410,506
End of Year	$	24,816,013		$	23,430,362		$	1,861,919		$	584,026		$	92,595,974		$	77,244,495

See Notes to Financial Statements

SA-61

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,
	2024			2023			2024			2023			2024			2023
	American Funds IS						American Funds IS						American Funds IS
	Global Balanced Class 4						Global Growth Class 1						Global Growth Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	467,958		$	296,576		$	39,779		$	12,826		$	634,831		$	(582,882	)
Realized gain (loss) on investments		39,921			6,896,372			69,690			(3,164	)		5,436,933			9,984,568
Change in net unrealized appreciation (depreciation) on investments		3,314,220			976,831			173,033			195,409			14,334,233			20,116,080
Net Increase (Decrease) in Net Assets Resulting from Operations		3,822,099			8,169,779			282,502			205,071			20,405,997			29,517,766
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		9,258,894			5,238,491			946,959			1,351,399			35,613,918			13,316,852
Transfers between variable and fixed accounts, net		(1,258,368	)		2,062,333			69,341			170,025			678,681			(1,415,581	)
Contract benefits and terminations		(9,273,595	)		(8,770,270	)		(104,538	)		(18,722	)		(22,264,934	)		(18,102,230	)
Contract charges and deductions		(83,669	)		(83,862	)		-			-			(223,949	)		(143,313	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		17			15			-			-			232			243
Other		(79	)		2,226			406			(359	)		(5,864	)		14,395
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(1,356,800	)		(1,551,067	)		912,168			1,502,343			13,798,084			(6,329,634	)
NET INCREASE (DECREASE) IN NET ASSETS		2,465,299			6,618,712			1,194,670			1,707,414			34,204,081			23,188,132
NET ASSETS
Beginning of Year		74,400,888			67,782,176			2,051,307			343,893			167,756,548			144,568,416
End of Year	$	76,866,187		$	74,400,888		$	3,245,977		$	2,051,307		$	201,960,629		$	167,756,548

	American Funds IS Global						American Funds IS						American Funds IS
	Small Capitalization Class 4						Growth Class 1						Growth Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(83,591	)	$	(401,238	)	$	13,909		$	6,339		$	(9,553,051	)	$	(6,693,606	)
Realized gain (loss) on investments		999,270			(5,084,721	)		235,356			140,759			25,260,321			26,438,642
Change in net unrealized appreciation (depreciation) on investments		(441,020	)		11,161,698			1,755,567			890,421			227,507,695			182,652,923
Net Increase (Decrease) in Net Assets Resulting from Operations		474,659			5,675,739			2,004,832			1,037,519			243,214,965			202,397,959
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		8,048,049			2,553,396			5,891,076			1,586,453			223,382,517			58,560,948
Transfers between variable and fixed accounts, net		1,427,827			1,029,567			(78,599	)		72,578			(16,751,534	)		40,260,582
Contract benefits and terminations		(4,263,536	)		(3,802,142	)		(122,575	)		(54,981	)		(120,164,174	)		(71,293,631	)
Contract charges and deductions		(73,264	)		(70,279	)		-			-			(1,110,106	)		(666,721	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		7			6			-			-			2,285			(9,027	)
Other		1,012			1,328			2,777			(577	)		10,554			13,828
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		5,140,095			(288,124	)		5,692,679			1,603,473			85,369,542			26,865,979
NET INCREASE (DECREASE) IN NET ASSETS		5,614,754			5,387,615			7,697,511			2,640,992			328,584,507			229,263,938
NET ASSETS
Beginning of Year		44,282,425			38,894,810			4,621,429			1,980,437			781,567,952			552,304,014
End of Year	$	49,897,179		$	44,282,425		$	12,318,940		$	4,621,429		$	1,110,152,459		$	781,567,952

See Notes to Financial Statements

SA-62

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,
	2024			2023			2024			2023			2024			2023
	American Funds IS						American Funds IS						American Funds IS
	Growth-Income Class 1						Growth-Income Class 4						International Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	38,740		$	31,702		$	(1,269,931	)	$	88,362		$	10,034		$	5,614
Realized gain (loss) on investments		183,565			1,475			26,362,893			23,164,959			(1,643	)		(15,630	)
Change in net unrealized appreciation (depreciation) on investments		579,176			539,743			87,790,187			74,891,913			(14,539	)		81,130
Net Increase (Decrease) in Net Assets Resulting from Operations		801,481			572,920			112,883,149			98,145,234			(6,148	)		71,114
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,256,767			989,141			94,048,527			32,992,354			1,022,948			44,621
Transfers between variable and fixed accounts, net		(441,221	)		402,893			(6,581,948	)		9,356,703			70,618			83,613
Contract benefits and terminations		(565,789	)		(562,346	)		(67,462,394	)		(52,206,142	)		(81,928	)		(8,375	)
Contract charges and deductions		-			-			(542,270	)		(421,347	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			1,830			4,304			-			-
Other		330			(201	)		58,537			(4,845	)		(88	)		21
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,250,087			829,487			19,522,282			(10,278,973	)		1,011,550			119,880
NET INCREASE (DECREASE) IN NET ASSETS		2,051,568			1,402,407			132,405,431			87,866,261			1,005,402			190,994
NET ASSETS
Beginning of Year		3,098,681			1,696,274			498,577,612			410,711,351			563,486			372,492
End of Year	$	5,150,249		$	3,098,681		$	630,983,043		$	498,577,612		$	1,568,888		$	563,486

	American Funds IS						American Funds IS International						American Funds IS International
	International Class 4						Growth and Income Class 1						Growth and Income Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(46,302	)	$	39,714		$	17,982		$	6,875		$	741,710		$	663,385
Realized gain (loss) on investments		61,796			(3,693,487	)		(2,095	)		(62,762	)		(244,005	)		(10,015,790	)
Change in net unrealized appreciation (depreciation) on investments		1,767,969			15,517,429			(14,253	)		100,846			691,902			16,694,228
Net Increase (Decrease) in Net Assets Resulting from Operations		1,783,463			11,863,656			1,634			44,959			1,189,607			7,341,823
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		12,796,642			5,120,980			426,004			17,902			5,766,223			4,267,598
Transfers between variable and fixed accounts, net		(1,522,916	)		(1,394,308	)		66,223			(36,297	)		167,520			(2,249,065	)
Contract benefits and terminations		(11,459,660	)		(9,992,783	)		(45,808	)		(11,482	)		(6,742,383	)		(5,589,480	)
Contract charges and deductions		(182,232	)		(192,312	)		-			-			(55,560	)		(53,923	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(307	)		-			-			-			(1,592	)		-
Other		472			(2,774	)		(8	)		19			61,834			(108	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(368,001	)		(6,461,197	)		446,411			(29,858	)		(803,958	)		(3,624,978	)
NET INCREASE (DECREASE) IN NET ASSETS		1,415,462			5,402,459			448,045			15,101			385,649			3,716,845
NET ASSETS
Beginning of Year		90,504,546			85,102,087			329,788			314,687			55,643,213			51,926,368
End of Year	$	91,920,008		$	90,504,546		$	777,833		$	329,788		$	56,028,862		$	55,643,213

See Notes to Financial Statements

SA-63

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,
	2024			2023			2024			2023			2024			2023
	American Funds IS Managed Risk						American Funds IS Managed Risk						American Funds IS
	Asset Allocation Class P1						Asset Allocation Class P2						New World Fund Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	50,548		$	11,314		$	1,226,186		$	1,012,067		$	43,848		$	20,590
Realized gain (loss) on investments		41,082			31,658			2,925,246			16,580,976			6,860			(26,786	)
Change in net unrealized appreciation (depreciation) on investments		280,806			161,164			18,295,625			(3,289,295	)		51,841			184,515
Net Increase (Decrease) in Net Assets Resulting from Operations		372,436			204,136			22,447,057			14,303,748			102,549			178,319
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		724,336			22,549			15,384,369			12,037,180			1,930,726			728,366
Transfers between variable and fixed accounts, net		(105,739	)		2,047,239			3,415,623			1,738,369			346,343			170,429
Contract benefits and terminations		(27,072	)		(17,677	)		(27,387,352	)		(18,656,393	)		(69,621	)		(206,535	)
Contract charges and deductions		-			-			(2,027,134	)		(2,077,466	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			77			68			-			-
Other		(16	)		(29	)		(3,842	)		795			282			(87	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		591,509			2,052,082			(10,618,259	)		(6,957,447	)		2,207,730			692,173
NET INCREASE (DECREASE) IN NET ASSETS		963,945			2,256,218			11,828,798			7,346,301			2,310,279			870,492
NET ASSETS
Beginning of Year		2,545,116			288,898			173,632,361			166,286,060			1,787,157			916,665
End of Year	$	3,509,061		$	2,545,116		$	185,461,159		$	173,632,361		$	4,097,436		$	1,787,157

	American Funds IS						American Funds IS The Bond						American Funds IS The Bond
	New World Fund Class 4						Fund of America Class 1						Fund of America Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	93,968		$	109,578		$	340,385		$	123,357		$	5,729,250		$	3,579,753
Realized gain (loss) on investments		385,901			(1,677,134	)		(7,333	)		(248,631	)		(2,828,960	)		(3,627,657	)
Change in net unrealized appreciation (depreciation) on investments		3,280,968			10,774,022			(305,851	)		253,328			(2,848,909	)		5,569,654
Net Increase (Decrease) in Net Assets Resulting from Operations		3,760,837			9,206,466			27,201			128,054			51,381			5,521,750
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		10,223,392			5,571,982			3,553,815			1,149,498			34,474,798			17,742,048
Transfers between variable and fixed accounts, net		1,784,996			1,150,673			1,890,071			153,987			21,289,289			17,409,699
Contract benefits and terminations		(9,581,258	)		(8,295,331	)		(313,109	)		(433,246	)		(21,885,677	)		(15,732,848	)
Contract charges and deductions		(83,470	)		(68,080	)		-			-			(249,581	)		(223,290	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		55			41			-			-			(3,639	)		14
Other		845			2,603			(85	)		1,048			(614	)		(952	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,344,560			(1,638,112	)		5,130,692			871,287			33,624,576			19,194,671
NET INCREASE (DECREASE) IN NET ASSETS		6,105,397			7,568,354			5,157,893			999,341			33,675,957			24,716,421
NET ASSETS
Beginning of Year		72,047,669			64,479,315			4,027,370			3,028,029			157,548,110			132,831,689
End of Year	$	78,153,066		$	72,047,669		$	9,185,263		$	4,027,370		$	191,224,067		$	157,548,110

See Notes to Financial Statements

SA-64

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,
	2024			2023			2024			2023			2024			2023
	American Funds IS U.S. Government						American Funds IS U.S. Government						American Funds IS Washington
	Securities Class 1						Securities Class 4						Mutual Investors Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	128,106		$	72,447		$	1,534,416		$	1,236,622		$	61,347		$	22,688
Realized gain (loss) on investments		(2,321	)		(30,227	)		(1,245,511	)		(5,391,774	)		27,962			(6,695	)
Change in net unrealized appreciation (depreciation) on investments		(114,351	)		(11,258	)		(685,728	)		4,662,005			411,425			167,220
Net Increase (Decrease) in Net Assets Resulting from Operations		11,434			30,962			(396,823	)		506,853			500,734			183,213
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		803,716			477,001			4,591,505			3,251,385			2,382,323			561,888
Transfers between variable and fixed accounts, net		501,977			911,025			4,988,760			3,928,817			(157,576	)		843,088
Contract benefits and terminations		(24,725	)		(11,847	)		(9,072,706	)		(11,499,307	)		(68,160	)		(19,701	)
Contract charges and deductions		-			-			(40,719	)		(42,021	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			94			(3,548	)		-			-
Other		(10	)		3,628			1,140			1,567			2,871			2
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,280,958			1,379,807			468,074			(4,363,107	)		2,159,458			1,385,277
NET INCREASE (DECREASE) IN NET ASSETS		1,292,392			1,410,769			71,251			(3,856,254	)		2,660,192			1,568,490
NET ASSETS
Beginning of Year		2,179,391			768,622			55,101,790			58,958,044			2,331,467			762,977
End of Year	$	3,471,783		$	2,179,391		$	55,173,041		$	55,101,790		$	4,991,659		$	2,331,467

	American Funds IS Washington						BlackRock 60/40 Target						BlackRock Capital Appreciation
	Mutual Investors Class 4						Allocation ETF V.I. Class I						V.I. Class III
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,203,512		$	1,387,704		$	3,740,048		$	2,337,029		$	(323,779	)	$	(287,354	)
Realized gain (loss) on investments		2,121,247			(687,562	)		16,359,631			(3,648,688	)		16,315,194			(46,375	)
Change in net unrealized appreciation (depreciation) on investments		38,699,583			30,806,298			4,914,882			29,519,597			(5,505,984	)		13,884,752
Net Increase (Decrease) in Net Assets Resulting from Operations		42,024,342			31,506,440			25,014,561			28,207,938			10,485,431			13,551,023
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		50,848,883			17,994,283			53,964,613			23,738,744			1,662,929			908,736
Transfers between variable and fixed accounts, net		15,194,799			6,921,979			6,436,553			4,991,361			(4,758,062	)		(4,386,955	)
Contract benefits and terminations		(30,310,232	)		(23,358,243	)		(21,315,483	)		(11,824,627	)		(4,227,290	)		(3,935,263	)
Contract charges and deductions		(299,569	)		(217,535	)		(112,074	)		(59,585	)		(304,598	)		(317,661	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		257			203			-			-			(448	)		(1,527	)
Other		9,379			(1,637	)		(3,464	)		(4,017	)		(1,294	)		496
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		35,443,517			1,339,050			38,970,145			16,841,876			(7,628,763	)		(7,732,174	)
NET INCREASE (DECREASE) IN NET ASSETS		77,467,859			32,845,490			63,984,706			45,049,814			2,856,668			5,818,849
NET ASSETS
Beginning of Year		232,921,489			200,075,999			235,498,602			190,448,788			37,009,170			31,190,321
End of Year	$	310,389,348		$	232,921,489		$	299,483,308		$	235,498,602		$	39,865,838		$	37,009,170

See Notes to Financial Statements

SA-65

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,
	2024			2023			2024			2023			2024			2023


	BlackRock Equity Dividend						BlackRock Global Allocation						BlackRock Global Allocation
	V.I. Class I						V.I. Class I						V.I. Class III
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	50,625		$	13,492		$	14,163		$	19,538		$	809,680		$	13,130,379
Realized gain (loss) on investments		203,433			27,882			95,632			(31,919	)		112,731,231			(13,603,899	)
Change in net unrealized appreciation (depreciation) on investments		(137,886	)		56,287			(1,195	)		146,746			(28,831,050	)		123,026,097
Net Increase (Decrease) in Net Assets Resulting from Operations		116,172			97,661			108,600			134,365			84,709,861			122,552,577
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,586,815			150,268			-			173,131			25,476,571			27,170,331
Transfers between variable and fixed accounts, net		(4,234	)		13,915			308,639			(106,004	)		(26,914,617	)		(8,757,098	)
Contract benefits and terminations		(44,458	)		(15,411	)		(32,102	)		(101,738	)		(161,591,647	)		(142,982,210	)
Contract charges and deductions		-			-			(12,641	)		(11,716	)		(13,133,231	)		(14,467,296	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(11,101	)		(47,368	)
Other		(19	)		(8	)		(4	)		(187	)		(5,175	)		4,616
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,538,104			148,764			263,892			(46,514	)		(176,179,200	)		(139,079,025	)
NET INCREASE (DECREASE) IN NET ASSETS		1,654,276			246,425			372,492			87,851			(91,469,339	)		(16,526,448	)
NET ASSETS
Beginning of Year		1,014,953			768,528			1,151,223			1,063,372			1,175,696,253			1,192,222,701
End of Year	$	2,669,229		$	1,014,953		$	1,523,715		$	1,151,223		$	1,084,226,914		$	1,175,696,253

	BlackRock High Yield						BlackRock S&P 500 Index						BlackRock Small Cap Index
	V.I. Class I						V.I. Class I						V.I. Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	107,493		$	47,662		$	44,332		$	18,892		$	106,436		$	43,555
Realized gain (loss) on investments		727			(7,304	)		197,262			57,573			378,496			15,560
Change in net unrealized appreciation (depreciation) on investments		18,882			72,561			440,985			236,100			187,643			606,848
Net Increase (Decrease) in Net Assets Resulting from Operations		127,102			112,919			682,579			312,565			672,575			665,963
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		355,020			84,310			2,394,185			795,505			2,492,387			1,079,467
Transfers between variable and fixed accounts, net		267,344			607,925			153,016			174,183			(314,017	)		89,534
Contract benefits and terminations		(125,391	)		(70,526	)		(195,434	)		(154,127	)		(117,583	)		(153,442	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(11	)		(58	)		224			(346	)		(1,228	)		(988	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		496,962			621,651			2,351,991			815,215			2,059,559			1,014,571
NET INCREASE (DECREASE) IN NET ASSETS		624,064			734,570			3,034,570			1,127,780			2,732,134			1,680,534
NET ASSETS
Beginning of Year		1,340,196			605,626			2,049,319			921,539			5,187,067			3,506,533
End of Year	$	1,964,260		$	1,340,196		$	5,083,889		$	2,049,319		$	7,919,201		$	5,187,067

See Notes to Financial Statements

SA-66

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,
	2024			2023			2024			2023			2024			2023

	BlackRock Total Return						DFA VA Equity Allocation						DFA VA Global Bond
	V.I. Class I						Institutional Class						Institutional Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	91,874		$	51,149		$	22,175		$	3,927		$	41,748		$	20,250
Realized gain (loss) on investments		2,867			(27,009	)		16,620			1,900			(3,916	)		(1,264	)
Change in net unrealized appreciation (depreciation) on investments		(87,994	)		68,261			53,003			28,602			(401	)		2,138
Net Increase (Decrease) in Net Assets Resulting from Operations		6,747			92,401			91,798			34,429			37,431			21,124
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		862,414			409,093			934,036			115,117			511,847			105,367
Transfers between variable and fixed accounts, net		(43,796	)		576,494			173,694			(2,340	)		89,442			53,884
Contract benefits and terminations		(31,013	)		(24,573	)		(56,284	)		(16,323	)		(202,886	)		(7,146	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(14	)		(17	)		(19	)		(3	)		(7	)		(2	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		787,591			960,997			1,051,427			96,451			398,396			152,103
NET INCREASE (DECREASE) IN NET ASSETS		794,338			1,053,398			1,143,225			130,880			435,827			173,227
NET ASSETS
Beginning of Year		2,139,567			1,086,169			280,805			149,925			579,649			406,422
End of Year	$	2,933,905		$	2,139,567		$	1,424,030		$	280,805		$	1,015,476		$	579,649

	DFA VA Global Moderate						DFA VA International Small						DFA VA International Value
	Allocation Institutional Class						Institutional Class						Institutional Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	120,654		$	32,811		$	45,666		$	15,869		$	183,527		$	83,439
Realized gain (loss) on investments		34,862			13,001			38,191			(24,198	)		98,910			(1,437	)
Change in net unrealized appreciation (depreciation) on investments		60,477			72,006			(81,257	)		67,433			(196,758	)		177,355
Net Increase (Decrease) in Net Assets Resulting from Operations		215,993			117,818			2,600			59,104			85,679			259,357
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		3,421,960			718,039			835,673			257,237			2,275,832			410,796
Transfers between variable and fixed accounts, net		(103,923	)		263,045			22,645			35,316			628,857			38,344
Contract benefits and terminations		(42,719	)		(12,365	)		(66,275	)		(21,744	)		(106,033	)		(12,758	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(27	)		(14	)		(16	)		(5	)		2,119			(12	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		3,275,291			968,705			792,027			270,804			2,800,775			436,370
NET INCREASE (DECREASE) IN NET ASSETS		3,491,284			1,086,523			794,627			329,908			2,886,454			695,727
NET ASSETS
Beginning of Year		1,454,350			367,827			662,719			332,811			2,061,979			1,366,252
End of Year	$	4,945,634		$	1,454,350		$	1,457,346		$	662,719		$	4,948,433		$	2,061,979

See Notes to Financial Statements

SA-67

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,
	2024			2023			2024			2023			2024			2023

	DFA VA Short-Term Fixed						DFA VA US Large Value						DFA VA US Targeted Value
	Institutional Class						Institutional Class						Institutional Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	266,520		$	131,995		$	150,478		$	88,163		$	49,192		$	20,115
Realized gain (loss) on investments		(1,721	)		(5,397	)		918,947			39,541			315,909			104,537
Change in net unrealized appreciation
(depreciation) on investments		(35,335	)		9,880			(275,941	)		287,109			(98,726	)		177,301
Net Increase (Decrease) in Net Assets Resulting from Operations		229,464			136,478			793,484			414,813			266,375			301,953
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,977,678			1,428,971			2,819,042			1,509,801			1,674,263			595,996
Transfers between variable and fixed accounts, net		232,495			316,028			946,705			347,524			655,913			478,915
Contract benefits and terminations		(354,736	)		(378,730	)		(262,119	)		(216,204	)		(85,232	)		(63,513	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(1,035	)		(20	)		790			(50	)		(240	)		(23	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,854,402			1,366,249			3,504,418			1,641,071			2,244,704			1,011,375
NET INCREASE (DECREASE) IN NET ASSETS		2,083,866			1,502,727			4,297,902			2,055,884			2,511,079			1,313,328
NET ASSETS
Beginning of Year		3,919,134			2,416,407			4,891,183			2,835,299			2,259,571			946,243
End of Year	$	6,003,000		$	3,919,134		$	9,189,085		$	4,891,183		$	4,770,650		$	2,259,571

	Fidelity VIP Consumer Discretionary						Fidelity VIP Contrafund						Fidelity VIP Contrafund
	Initial Class						Initial Class						Service Class 2
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(220	)	$	(19	)	$	(15,105	)	$	3,780		$	(5,298,876	)	$	(2,834,308	)
Realized gain (loss) on investments		270			3			883,575			33,318			63,690,910			9,704,977
Change in net unrealized appreciation (depreciation) on investments		14,698			1,868			468,909			182,681			59,818,301			78,956,050
Net Increase (Decrease) in Net Assets Resulting from Operations		14,748			1,852			1,337,379			219,779			118,210,335			85,826,719
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		58,483			4,219			3,498,064			322,253			100,531,612			25,593,679
Transfers between variable and fixed accounts, net		(3,331	)		479			329,938			2,007,579			56,532,041			14,480,926
Contract benefits and terminations		(253	)		(16	)		(144,832	)		(13,698	)		(64,758,656	)		(42,483,845	)
Contract charges and deductions		-			-			-			-			(427,716	)		(219,183	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(418	)		4,088
Other		1			(1	)		3,366			(17	)		(24,052	)		25,496
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		54,900			4,681			3,686,536			2,316,117			91,852,811			(2,598,839	)
NET INCREASE (DECREASE) IN NET ASSETS		69,648			6,533			5,023,915			2,535,896			210,063,146			83,227,880
NET ASSETS
Beginning of Year		10,309			3,776			2,908,487			372,591			359,194,850			275,966,970
End of Year	$	79,957		$	10,309		$	7,932,402		$	2,908,487		$	569,257,996		$	359,194,850

See Notes to Financial Statements

SA-68

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,
	2024			2023			2024			2023			2024			2023

	Fidelity VIP Emerging Markets						Fidelity VIP Energy						Fidelity VIP Extended Market Index
	Initial Class						Initial Class						Initial Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	24,410		$	21,766		$	33,860		$	29,438		$	37,539		$	40,559
Realized gain (loss) on investments		(649	)		(12,921	)		(2,126	)		(22,706	)		23,671			(26,362	)
Change in net unrealized appreciation (depreciation) on investments		105,237			65,809			(1,324	)		(38,879	)		352,413			390,454
Net Increase (Decrease) in Net Assets Resulting from Operations		128,998			74,654			30,410			(32,147	)		413,623			404,651
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		865,319			298,744			328,860			34,939			1,830,301			1,076,682
Transfers between variable and fixed accounts, net		131,591			353,278			85,099			857,574			(888,381	)		311,562
Contract benefits and terminations		(88,138	)		(14,650	)		(42,785	)		(73,445	)		(43,451	)		(46,763	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(360	)		(9	)		(69	)		(96	)		1,241			(18	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		908,412			637,363			371,105			818,972			899,710			1,341,463
NET INCREASE (DECREASE) IN NET ASSETS		1,037,410			712,017			401,515			786,825			1,313,333			1,746,114
NET ASSETS
Beginning of Year		1,283,808			571,791			1,508,259			721,434			3,126,215			1,380,101
End of Year	$	2,321,218		$	1,283,808		$	1,909,774		$	1,508,259		$	4,439,548		$	3,126,215

	Fidelity VIP FundsManager 60%						Fidelity VIP FundsManager 60%						Fidelity VIP Government
	Investor Class						Service Class 2						Money Market Initial Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	3,990,492		$	3,113,779		$	2,762,459		$	3,814,667		$	973,660		$	790,561
Realized gain (loss) on investments		(40,864	)		(31,582	)		1,275,711			(12,586,292	)		-			-
Change in net unrealized appreciation (depreciation) on investments		17,959,405			13,426,610			28,694,369			55,550,820			-			-
Net Increase (Decrease) in Net Assets Resulting from Operations		21,909,033			16,508,807			32,732,539			46,779,195			973,660			790,561
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		96,629,377			201,387,146			25,454,443			26,636,035			24,644,697			24,047,670
Transfers between variable and fixed accounts, net		665,122			812,872			6,219,411			14,938,392			(15,268,374	)		(19,126,111	)
Contract benefits and terminations		(3,067,644	)		(1,749,712	)		(57,264,731	)		(41,516,129	)		(5,261,133	)		(2,061,719	)
Contract charges and deductions		(2,249,651	)		(1,043,089	)		(4,980,081	)		(5,127,641	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			2,184			1,563			-			-
Other		(17,050	)		(16,947	)		4,182			4,026			(2,390	)		(4,155	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		91,960,154			199,390,270			(30,564,592	)		(5,063,754	)		4,112,800			2,855,685
NET INCREASE (DECREASE) IN NET ASSETS		113,869,187			215,899,077			2,167,947			41,715,441			5,086,460			3,646,246
NET ASSETS
Beginning of Year		221,165,094			5,266,017			413,889,313			372,173,872			19,493,023			15,846,777
End of Year	$	335,034,281		$	221,165,094		$	416,057,260		$	413,889,313		$	24,579,483		$	19,493,023

See Notes to Financial Statements

SA-69

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Year/Period Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2024			2023			2024			2023			2024			2023

	Fidelity VIP Government						Fidelity VIP Government						Fidelity VIP Growth
	Money Market Investor Class (1)						Money Market Service Class						Opportunities Initial Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	2,097		$	2,878		$	19,410,270		$	17,957,366		$	(5,681	)	$	(2,654	)
Realized gain (loss) on investments		-			-			-			-			3,417			(10,565	)
Change in net unrealized appreciation (depreciation) on investments		-			-			-			-			372,228			217,765
Net Increase (Decrease) in Net Assets Resulting from Operations		2,097			2,878			19,410,270			17,957,366			369,964			204,546
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		663,000			810,000			125,361,137			68,625,683			588,830			239,195
Transfers between variable and fixed accounts, net		(665,122	)		(812,872	)		112,386,439			126,481,386			98,913			(49,592	)
Contract benefits and terminations		-			-			(243,530,534	)		(212,887,156	)		(68,594	)		(6,438	)
Contract charges and deductions		-			-			(467,463	)		(446,518	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(473	)		(15,208	)		-			-
Other		25			(6	)		(8,596	)		(35,302	)		(411	)		(12	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(2,097	)		(2,878	)		(6,259,490	)		(18,277,115	)		618,738			183,153
NET INCREASE (DECREASE) IN NET ASSETS		-			-			13,150,780			(319,749	)		988,702			387,699
NET ASSETS
Beginning of Year or Period		-			-			501,906,191			502,225,940			737,197			349,498
End of Year or Period	$	-		$	-		$	515,056,971		$	501,906,191		$	1,725,899		$	737,197

	Fidelity VIP						Fidelity VIP Investment						Fidelity VIP Strategic Income
	Index 500 Initial Class						Grade Bond Initial Class						Service Class 2
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	78,171		$	44,051		$	186,262		$	78,073		$	2,351,090		$	2,685,515
Realized gain (loss) on investments		12,990			(32	)		(19,967	)		(24,398	)		(399,754	)		(1,982,810	)
Change in net unrealized appreciation (depreciation) on investments		1,722,298			864,826			(78,711	)		92,551			2,142,920			5,702,163
Net Increase (Decrease) in Net Assets Resulting from Operations		1,813,459			908,845			87,584			146,226			4,094,256			6,404,868
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,766,706			1,584,102			1,882,768			1,908,534			17,581,877			9,732,138
Transfers between variable and fixed accounts, net		(38,412	)		833,644			446,049			612,506			6,174,334			3,312,588
Contract benefits and terminations		(304,471	)		(257,369	)		(89,603	)		(125,795	)		(18,945,366	)		(12,765,782	)
Contract charges and deductions		-			-			-			-			(56,062	)		(42,341	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(539	)		(108	)		51			44			(1,671	)		(3,180	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,423,284			2,160,269			2,239,265			2,395,289			4,753,112			233,423
NET INCREASE (DECREASE) IN NET ASSETS		4,236,743			3,069,114			2,326,849			2,541,515			8,847,368			6,638,291
NET ASSETS
Beginning of Year		6,062,155			2,993,041			3,792,159			1,250,644			87,669,229			81,030,938
End of Year	$	10,298,898		$	6,062,155		$	6,119,008		$	3,792,159		$	96,516,597		$	87,669,229

(1) Operations commenced or resumed during 2023 and all units were fully redeemed or transferred prior to December 31, 2023. Operations resumed during 2024 and all units were fully redeemed or transferred prior to December 31, 2024 (See Financial Highlights for commencement date of operations and date of full redemption).

See Notes to Financial Statements

SA-70

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,
	2024			2023			2024			2023			2024			2023

	Fidelity VIP Value						First Trust Dorsey Wright						First Trust/Dow Jones
	Strategies Initial Class						Tactical Core Class I						Dividend & Income Allocation Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	15,686		$	5,793		$	(90,555	)	$	312,195		$	6,276,189		$	5,774,755
Realized gain (loss) on investments		336,246			7,534			422,451			(377,805	)		13,488,094			7,832,797
Change in net unrealized appreciation (depreciation) on investments		(208,651	)		140,757			3,764,938			3,377,709			7,541,842			37,168,737
Net Increase (Decrease) in Net Assets Resulting from Operations		143,281			154,084			4,096,834			3,312,099			27,306,125			50,776,289
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		741,179			264,281			4,956,321			3,493,841			29,072,987			33,405,350
Transfers between variable and fixed accounts, net		233,054			364,156			(939,063	)		419,394			1,194,037			(1,367,224	)
Contract benefits and terminations		(54,519	)		(31,114	)		(5,464,150	)		(4,154,554	)		(94,815,319	)		(69,791,849	)
Contract charges and deductions		-			-			(14,048	)		(7,558	)		(6,458,019	)		(7,053,886	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			1,741			(4,188	)
Other		(226	)		(118	)		(4,646	)		(979	)		(3,137	)		1,772
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		919,488			597,205			(1,465,586	)		(249,856	)		(71,007,710	)		(44,810,025	)
NET INCREASE (DECREASE) IN NET ASSETS		1,062,769			751,289			2,631,248			3,062,243			(43,701,585	)		5,966,264
NET ASSETS
Beginning of Year		1,358,387			607,098			36,506,355			33,444,112			599,615,142			593,648,878
End of Year	$	2,421,156		$	1,358,387		$	39,137,603		$	36,506,355		$	555,913,557		$	599,615,142

	Franklin						Franklin						Franklin Income
	Allocation VIP Class 2						Allocation VIP Class 4						VIP Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	280,567		$	135,191		$	1,127,885		$	(164,152	)	$	19,852		$	15,688
Realized gain (loss) on investments		(239,328	)		(747,295	)		1,472,844			(5,682,790	)		1,308			18,644
Change in net unrealized appreciation (depreciation) on investments		1,790,475			3,472,019			14,490,549			33,774,396			(5,260	)		(7,868	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,831,714			2,859,915			17,091,278			27,927,454			15,900			26,464
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,651,392			1,060,623			12,509,547			8,780,465			777,815			6,112
Transfers between variable and fixed accounts, net		(176,477	)		56,571			(2,769,664	)		8,591,845			14,606			112,199
Contract benefits and terminations		(2,941,753	)		(1,938,779	)		(34,668,924	)		(24,853,326	)		(9,207	)		(3,953	)
Contract charges and deductions		(82,279	)		(73,928	)		(2,514,559	)		(2,477,813	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		12			13			312			184			-			-
Other		99			(8	)		(8,572	)		(4,407	)		(14	)		(2	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(1,549,006	)		(895,508	)		(27,451,860	)		(9,963,052	)		783,200			114,356
NET INCREASE (DECREASE) IN NET ASSETS		282,708			1,964,407			(10,360,582	)		17,964,402			799,100			140,820
NET ASSETS
Beginning of Year		23,422,478			21,458,071			237,425,334			219,460,932			382,813			241,993
End of Year	$	23,705,186		$	23,422,478		$	227,064,752		$	237,425,334		$	1,181,913		$	382,813

See Notes to Financial Statements

SA-71

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,
	2024			2023			2024			2023			2024			2023

	Franklin Income						Franklin Mutual Global						Franklin Mutual
	VIP Class 2						Discovery VIP Class 2						Shares VIP Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	3,138,802		$	2,361,366		$	1,070,806		$	2,165,357		$	4,945		$	955
Realized gain (loss) on investments		322,684			2,152,161			12,770,273			5,528,835			14,996			4,892
Change in net unrealized appreciation (depreciation) on investments		1,042,746			(422,376	)		(8,242,831	)		18,622,927			11,507			11,020
Net Increase (Decrease) in Net Assets Resulting from Operations		4,504,232			4,091,151			5,598,248			26,317,119			31,448			16,867
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		7,290,178			4,732,805			5,210,539			3,107,726			100,023			-
Transfers between variable and fixed accounts, net		22,430,884			(2,847,301	)		(229,138	)		(7,839,195	)		1,213			88,267
Contract benefits and terminations		(14,508,546	)		(7,137,815	)		(22,737,151	)		(19,633,238	)		(108,416	)		(887	)
Contract charges and deductions		(21,351	)		(12,875	)		(678,346	)		(775,786	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		4			-			(5,970	)		(419	)		-			-
Other		2,662			(412	)		(840	)		475			1			(1	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		15,193,831			(5,265,598	)		(18,440,906	)		(25,140,437	)		(7,179	)		87,379
NET INCREASE (DECREASE) IN NET ASSETS		19,698,063			(1,174,447	)		(12,842,658	)		1,176,682			24,269			104,246
NET ASSETS
Beginning of Year		59,444,387			60,618,834			151,445,501			150,268,819			158,370			54,124
End of Year	$	79,142,450		$	59,444,387		$	138,602,843		$	151,445,501		$	182,639		$	158,370

	Franklin Rising						Franklin Rising						Franklin
	Dividends VIP Class 1						Dividends VIP Class 2						Small Cap Value VIP Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	11,617		$	6,663		$	(272,318	)	$	(490,819	)	$	3,703		$	486
Realized gain (loss) on investments		89,314			71,031			12,769,450			23,759,976			11,927			3,347
Change in net unrealized appreciation (depreciation) on investments		38,949			57,025			10,259,302			31,010			26,529			24,234
Net Increase (Decrease) in Net Assets Resulting from Operations		139,880			134,719			22,756,434			23,300,167			42,159			28,067
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,683,393			413,715			22,884,562			14,016,954			333,482			40,975
Transfers between variable and fixed accounts, net		36,663			401,141			5,094,264			5,537,454			473,985			81,246
Contract benefits and terminations		(236,308	)		(172,244	)		(35,646,877	)		(27,581,766	)		(39,703	)		(5,777	)
Contract charges and deductions		-			-			(216,721	)		(198,603	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(3,173	)		(13,752	)		-			-
Other		238			(59	)		4,164			1,083			(65	)		(2	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,483,986			642,553			(7,883,781	)		(8,238,630	)		767,699			116,442
NET INCREASE (DECREASE) IN NET ASSETS		1,623,866			777,272			14,872,653			15,061,537			809,858			144,509
NET ASSETS
Beginning of Year		1,631,625			854,353			236,646,176			221,584,639			278,139			133,630
End of Year	$	3,255,491		$	1,631,625		$	251,518,829		$	236,646,176		$	1,087,997		$	278,139

See Notes to Financial Statements

SA-72

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,
	2024			2023			2024			2023			2024			2023

	Franklin						Franklin						Templeton
	Small-Mid Cap Growth VIP Class 1						Strategic Income VIP Class 1						Foreign VIP Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(6,499	)	$	(2,360	)	$	33,726		$	12,879		$	3,618		$	3,750
Realized gain (loss) on investments		3,628			(65,313	)		9,376			(21,411	)		8,901			(471	)
Change in net unrealized appreciation (depreciation) on investments		144,613			215,879			(7,887	)		59,893			(12,396	)		16,835
Net Increase (Decrease) in Net Assets Resulting from Operations		141,742			148,206			35,215			51,361			123			20,114
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		402,502			379,981			1,050,202			1,210,333			42,771			15,390
Transfers between variable and fixed accounts, net		228,669			46,588			470,630			(715,254	)		(83,634	)		84,242
Contract benefits and terminations		(77,833	)		(6,589	)		(318,351	)		(2,713	)		(576	)		(2,563	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(91	)		(15	)		(20	)		(24	)		-			(41	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		553,247			419,965			1,202,461			492,342			(41,439	)		97,028
NET INCREASE (DECREASE) IN NET ASSETS		694,989			568,171			1,237,676			543,703			(41,316	)		117,142
NET ASSETS
Beginning of Year		936,861			368,690			848,751			305,048			145,184			28,042
End of Year	$	1,631,850		$	936,861		$	2,086,427		$	848,751		$	103,868		$	145,184

	Templeton						Templeton						Goldman Sachs VIT Large Cap
	Global Bond VIP Class 1						Global Bond VIP Class 2						Value Institutional Shares
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,769	)	$	(1,257	)	$	(574,990	)	$	(630,787	)	$	2,461		$	915
Realized gain (loss) on investments		(1,182	)		(1,592	)		(1,839,584	)		(2,997,981	)		28,188			6,342
Change in net unrealized appreciation (depreciation) on investments		(43,295	)		12,233			(3,967,618	)		4,421,837			(18,181	)		7,661
Net Increase (Decrease) in Net Assets Resulting from Operations		(46,246	)		9,384			(6,382,192	)		793,069			12,468			14,918
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		44,718			237,510			2,568,905			1,703,979			156,399			73,906
Transfers between variable and fixed accounts, net		2,929			51,062			4,351,239			1,205,251			(39,885	)		(47,720	)
Contract benefits and terminations		(17,217	)		(23,597	)		(10,093,973	)		(8,342,149	)		(26,693	)		(756	)
Contract charges and deductions		-			-			(69,750	)		(74,274	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			21			(37	)		-			-
Other		349			(6	)		80			322			(5	)		(373	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		30,779			264,969			(3,243,478	)		(5,506,908	)		89,816			25,057
NET INCREASE (DECREASE) IN NET ASSETS		(15,467	)		274,353			(9,625,670	)		(4,713,839	)		102,284			39,975
NET ASSETS
Beginning of Year		381,085			106,732			54,152,465			58,866,304			98,384			58,409
End of Year	$	365,618		$	381,085		$	44,526,795		$	54,152,465		$	200,668		$	98,384

See Notes to Financial Statements

SA-73

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,
	2024			2023			2024			2023			2024			2023

	Goldman Sachs VIT Mid Cap						Goldman Sachs VIT Strategic						Goldman Sachs VIT Trends Driven
	Value Institutional Shares						Growth Institutional Shares						Allocation Fund Institutional Shares
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	3,420		$	1,724		$	(3,276	)	$	(2,020	)	$	725		$	1,540
Realized gain (loss) on investments		29,560			(5,536	)		50,457			18,441			4,505			(15,054	)
Change in net unrealized appreciation (depreciation) on investments		8,515			32,891			112,964			94,155			2,102			38,707
Net Increase (Decrease) in Net Assets Resulting from Operations		41,495			29,079			160,145			110,576			7,332			25,193
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		130,672			139,958			27,069			-			26,192			-
Transfers between variable and fixed accounts, net		157,433			28,303			6,952			292,635			(58	)		7,889
Contract benefits and terminations		(84,330	)		(122,380	)		(7,459	)		(4,447	)		(130,013	)		(136,649	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(155	)		-			(8	)		(19	)		17			1
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		203,620			45,881			26,554			288,169			(103,862	)		(128,759	)
NET INCREASE (DECREASE) IN NET ASSETS		245,115			74,960			186,699			398,745			(96,530	)		(103,566	)
NET ASSETS
Beginning of Year		269,271			194,311			502,955			104,210			132,214			235,780
End of Year	$	514,386		$	269,271		$	689,654		$	502,955		$	35,684		$	132,214

	Janus Henderson						Janus Henderson						Janus Henderson
	Balanced Institutional Shares						Balanced Service Shares						Enterprise Institutional Shares
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	62,402		$	25,232		$	31,495,275		$	30,990,131		$	2,441		$	(2,975	)
Realized gain (loss) on investments		11,617			(134,524	)		90,136,416			(44,903,087	)		41,762			48,880
Change in net unrealized appreciation (depreciation) on investments		314,491			404,147			645,855,980			703,226,274			89,935			75,110
Net Increase (Decrease) in Net Assets Resulting from Operations		388,510			294,855			767,487,671			689,313,318			134,138			121,015
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,919,745			950,980			475,381,082			399,510,409			312,440			74,074
Transfers between variable and fixed accounts, net		258,742			(1,405,142	)		40,435,123			106,995,086			539,210			133,964
Contract benefits and terminations		(479,451	)		(45,895	)		(781,876,612	)		(494,536,340	)		(35,481	)		(18,003	)
Contract charges and deductions		(19,673	)		(6,895	)		(59,766,292	)		(59,250,238	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(45,307	)		(45,367	)		-			-
Other		(992	)		2,603			(14,304	)		54,803			(15	)		3
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,678,371			(504,349	)		(325,886,310	)		(47,271,647	)		816,154			190,038
NET INCREASE (DECREASE) IN NET ASSETS		2,066,881			(209,494	)		441,601,361			642,041,671			950,292			311,053
NET ASSETS
Beginning of Year		2,099,978			2,309,472			5,680,990,250			5,038,948,579			910,760			599,707
End of Year	$	4,166,859		$	2,099,978		$	6,122,591,611		$	5,680,990,250		$	1,861,052		$	910,760

See Notes to Financial Statements

SA-74

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year Ended			Year/Period Ended			Year Ended	Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,	December 31,			December 31,
	2024			2023			2024			2023	2024			2023

	Janus Henderson						LVIP American Century Inflation				LVIP American Century
	Flexible Bond Service Shares						Protection Standard Class II (1)				MidCap Value Standard Class II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	991,010		$	737,260		$	12,052			$	11,738		$	12,266
Realized gain (loss) on investments		(672,740	)		(981,402	)		(1,175	)			2,548			49,770
Change in net unrealized appreciation (depreciation) on investments		(266,956	)		1,442,056			(12,336	)			17,301			(26,797	)
Net Increase (Decrease) in Net Assets Resulting from Operations		51,314			1,197,914			(1,459	)			31,587			35,239
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		3,859,275			1,533,511			189,865				361,122			100,137
Transfers between variable and fixed accounts, net		3,860,844			2,301,509			158,130				(523,209	)		470,292
Contract benefits and terminations		(5,515,939	)		(3,497,333	)		(1,482	)			(81,734	)		(23,508	)
Contract charges and deductions		(15,936	)		(10,518	)		-				-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		32			33			-				-			-
Other		3,455			2,465			(8	)			818			(70	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,191,731			329,667			346,505				(243,003	)		546,851
NET INCREASE (DECREASE) IN NET ASSETS		2,243,045			1,527,581			345,046				(211,416	)		582,090
NET ASSETS
Beginning of Year or Period		31,472,054			29,944,473			-				756,355			174,265
End of Year or Period	$	33,715,099		$	31,472,054		$	345,046			$	544,939		$	756,355

	LVIP American Century						LVIP JPMorgan						LVIP JPMorgan
	MidCap Value Service Class						Core Bond Standard Class						Mid Cap Value Standard Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,033,920		$	949,797		$	132,269		$	32,033		$	383		$	14,608
Realized gain (loss) on investments		5,908,242			9,192,764			(3,985	)		(5,146	)		34,380			41,927
Change in net unrealized appreciation (depreciation) on investments		(53,549	)		(5,726,540	)		(116,180	)		8,382			(17,695	)		2,461
Net Increase (Decrease) in Net Assets Resulting from Operations		6,888,613			4,416,021			12,104			35,269			17,068			58,996
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		5,297,748			6,717,087			1,211,924			25,848			73,364			-
Transfers between variable and fixed accounts, net		(5,243,163	)		(3,199,718	)		275,409			1,634,366			(59,890	)		(411,389	)
Contract benefits and terminations		(14,701,592	)		(13,253,984	)		(32,987	)		(5,880	)		(5,494	)		(21,980	)
Contract charges and deductions		(78,118	)		(69,528	)		(61	)		(63	)		(14	)		(28	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(43	)		3,714			(2	)		-			-			-
Other		4,692			161			717			7			-			(6	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(14,720,476	)		(9,802,268	)		1,455,000			1,654,278			7,966			(433,403	)
NET INCREASE (DECREASE) IN NET ASSETS		(7,831,863	)		(5,386,247	)		1,467,104			1,689,547			25,034			(374,407	)
NET ASSETS
Beginning of Year		95,195,789			100,582,036			1,862,465			172,918			165,714			540,121
End of Year	$	87,363,926		$	95,195,789		$	3,329,569		$	1,862,465		$	190,748		$	165,714

(1) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-75

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,
	2024			2023			2024			2023			2024			2023

	LVIP JPMorgan						Western Asset Core						Lord Abbett
	U.S. Equity Standard Class						Plus VIT Class I						Bond Debenture Class VC
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(189	)	$	28		$	157,742		$	75,156		$	6,551,172		$	5,351,553
Realized gain (loss) on investments		1,092			727			(15,695	)		(142,903	)		(1,517,447	)		(4,427,903	)
Change in net unrealized appreciation (depreciation) on investments		1,586			2,606			(139,845	)		186,820			2,603,525			6,201,184
Net Increase (Decrease) in Net Assets Resulting from Operations		2,489			3,361			2,202			119,073			7,637,250			7,124,834
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			-			1,615,573			991,013			12,803,851			8,186,803
Transfers between variable and fixed accounts, net		34,012			-			(1,780,194	)		(185,586	)		9,516,608			(695,819	)
Contract benefits and terminations		(150	)		(124	)		(305,735	)		(23,582	)		(19,760,856	)		(16,460,277	)
Contract charges and deductions		(33	)		(32	)		-			-			(193,918	)		(195,405	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(2,833	)		(192	)
Other		-			28			(50	)		(5	)		(547	)		(230	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		33,829			(128	)		(470,406	)		781,840			2,362,305			(9,165,120	)
NET INCREASE (DECREASE) IN NET ASSETS		36,318			3,233			(468,204	)		900,913			9,999,555			(2,040,286	)
NET ASSETS
Beginning of Year		16,608			13,375			2,295,621			1,394,708			134,164,607			136,204,893
End of Year	$	52,926		$	16,608		$	1,827,417		$	2,295,621		$	144,164,162		$	134,164,607

	Lord Abbett						Macquarie VIP						Macquarie VIP
	Total Return Class VC						Asset Strategy Series Service Class						Energy Service Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	8,653,820		$	8,027,168		$	400,837		$	324,053		$	756,402		$	961,216
Realized gain (loss) on investments		(3,727,489	)		(5,284,543	)		1,935,102			(1,009,220	)		1,892,311			2,630,735
Change in net unrealized appreciation (depreciation) on investments		(697,365	)		9,505,448			1,829,559			3,610,339			(5,590,899	)		(2,891,347	)
Net Increase (Decrease) in Net Assets Resulting from Operations		4,228,966			12,248,073			4,165,498			2,925,172			(2,942,186	)		700,604
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		6,756,554			6,047,204			4,357,623			7,796,776			3,017,715			2,452,121
Transfers between variable and fixed accounts, net		13,596,840			12,838,640			17,153,159			3,380,644			(426,742	)		(10,732,037	)
Contract benefits and terminations		(31,937,032	)		(30,921,283	)		(4,926,584	)		(2,349,620	)		(6,022,679	)		(7,079,718	)
Contract charges and deductions		(1,446,331	)		(1,639,865	)		(416,458	)		(202,950	)		(8,516	)		(18,481	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(21,991	)		(4,277	)		6			(146	)		-			-
Other		(1,850	)		313			(1,219	)		(839	)		6,818			(2,763	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(13,053,810	)		(13,679,268	)		16,166,527			8,623,865			(3,433,404	)		(15,380,878	)
NET INCREASE (DECREASE) IN NET ASSETS		(8,824,844	)		(1,431,195	)		20,332,025			11,549,037			(6,375,590	)		(14,680,274	)
NET ASSETS
Beginning of Year		235,139,872			236,571,067			30,804,520			19,255,483			47,606,539			62,286,813
End of Year	$	226,315,028		$	235,139,872		$	51,136,545		$	30,804,520		$	41,230,949		$	47,606,539

See Notes to Financial Statements

SA-76

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,
	2024			2023			2024			2023			2024			2023

	MFS International						MFS Massachusetts Investors						MFS New Discovery Series -
	Growth - Initial Class						Growth Stock - Service Class						Initial Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	8,711		$	6,684		$	(485,037	)	$	(515,570	)	$	(4,977	)	$	(3,497	)
Realized gain (loss) on investments		6,628			(14,274	)		8,698,969			3,618,168			(12,888	)		(24,538	)
Change in net unrealized appreciation (depreciation) on investments		107,495			153,290			1,769,813			10,968,459			72,313			119,375
Net Increase (Decrease) in Net Assets Resulting from Operations		122,834			145,700			9,983,745			14,071,057			54,448			91,340
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		360,165			255,751			2,533,950			1,465,971			226,436			79,544
Transfers between variable and fixed accounts, net		15,469			125,906			(4,199,488	)		(3,582,867	)		34,388			125,911
Contract benefits and terminations		(20,457	)		(8,111	)		(9,510,094	)		(8,161,629	)		(21,712	)		(6,260	)
Contract charges and deductions		-			-			(342,358	)		(397,366	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(11,080	)		(451	)		-			-
Other		431			(12	)		(3,088	)		(1,634	)		650			(4	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		355,608			373,534			(11,532,158	)		(10,677,976	)		239,762			199,191
NET INCREASE (DECREASE) IN NET ASSETS		478,442			519,234			(1,548,413	)		3,393,081			294,210			290,531
NET ASSETS
Beginning of Year		1,315,091			795,857			70,219,608			66,826,527			825,853			535,322
End of Year	$	1,793,533		$	1,315,091		$	68,671,195		$	70,219,608		$	1,120,063		$	825,853

	MFS Total Return Series -						MFS Utilities Series -						MFS Utilities Series -
	Service Class						Initial Class						Service Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	4,752,575		$	2,653,906		$	9,172		$	8,136		$	496,861		$	1,225,909
Realized gain (loss) on investments		24,000,595			15,463,704			9,262			6,265			2,472,366			2,566,645
Change in net unrealized appreciation (depreciation) on investments		(2,025,068	)		18,229,162			(4,463	)		(21,807	)		2,446,390			(6,055,244	)
Net Increase (Decrease) in Net Assets Resulting from Operations		26,728,102			36,346,772			13,971			(7,406	)		5,415,617			(2,262,690	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		21,710,578			27,458,120			201,595			85,783			3,696,251			2,911,656
Transfers between variable and fixed accounts, net		7,906,126			5,860,909			445,839			25,348			111,583			(4,644,540	)
Contract benefits and terminations		(65,938,118	)		(50,375,389	)		(27,677	)		(3,887	)		(9,715,821	)		(7,953,832	)
Contract charges and deductions		(4,549,868	)		(4,844,930	)		-			-			(21,724	)		(24,508	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(1,218	)		485			-			-			-			-
Other		(4,662	)		3,393			997			1			(524	)		8,171
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(40,877,162	)		(21,897,412	)		620,754			107,245			(5,930,235	)		(9,703,053	)
NET INCREASE (DECREASE) IN NET ASSETS		(14,149,060	)		14,449,360			634,725			99,839			(514,618	)		(11,965,743	)
NET ASSETS
Beginning of Year		441,992,922			427,543,562			269,046			169,207			56,800,402			68,766,145
End of Year	$	427,843,862		$	441,992,922		$	903,771		$	269,046		$	56,285,784		$	56,800,402

See Notes to Financial Statements

SA-77

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,
	2024			2023			2024			2023			2024			2023

	MFS Value Series -						MFS Value Series -						TOPS
	Initial Class						Service Class						Aggressive Growth ETF Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	10,967		$	1,781		$	458,203		$	431,546		$	5,312		$	4,270
Realized gain (loss) on investments		75,569			11,530			7,598,018			5,446,779			6,795			1,939
Change in net unrealized appreciation (depreciation) on investments		(1,270	)		48,279			(389,222	)		(1,064,521	)		37,103			46,733
Net Increase (Decrease) in Net Assets Resulting from Operations		85,266			61,590			7,666,999			4,813,804			49,210			52,942
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		103,332			570,823			2,620,364			1,763,113			-			279,996
Transfers between variable and fixed accounts, net		357,686			162,219			(2,310,535	)		693,583			94,499			90,475
Contract benefits and terminations		(30,077	)		(3,077	)		(9,332,875	)		(8,212,703	)		(4,087	)		(1,297	)
Contract charges and deductions		-			-			(399,666	)		(448,686	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(8,565	)		(2,517	)		-			-
Other		(6	)		(14	)		(334	)		(1,046	)		(2	)		(8	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		430,935			729,951			(9,431,611	)		(6,208,256	)		90,410			369,166
NET INCREASE (DECREASE) IN NET ASSETS		516,201			791,541			(1,764,612	)		(1,394,452	)		139,620			422,108
NET ASSETS
Beginning of Year		915,486			123,945			75,049,284			76,443,736			426,330			4,222
End of Year	$	1,431,687		$	915,486		$	73,284,672		$	75,049,284		$	565,950		$	426,330

	TOPS						TOPS						TOPS
	Balanced ETF Class 1						Conservative ETF Class 1						Growth ETF Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	2,568		$	1,947		$	7,108		$	5,794		$	7,635		$	5,124
Realized gain (loss) on investments		844			(3,571	)		6,927			3,763			1,452			4,144
Change in net unrealized appreciation (depreciation) on investments		6,347			19,852			1,405			15,896			56,772			42,095
Net Increase (Decrease) in Net Assets Resulting from Operations		9,759			18,228			15,440			25,453			65,859			51,363
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			-			88,851			-			178,858			242,253
Transfers between variable and fixed accounts, net		-			(28,239	)		51,467			(65,844	)		37,445			13,790
Contract benefits and terminations		(1,041	)		(37,656	)		(90,594	)		(2,248	)		(5,910	)		(2,010	)
Contract charges and deductions		(721	)		(799	)		(3,219	)		(3,971	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		-			-			(55	)		(1	)		(7	)		14
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(1,762	)		(66,694	)		46,450			(72,064	)		210,386			254,047
NET INCREASE (DECREASE) IN NET ASSETS		7,997			(48,466	)		61,890			(46,611	)		276,245			305,410
NET ASSETS
Beginning of Year		150,593			199,059			269,486			316,097			477,731			172,321
End of Year	$	158,590		$	150,593		$	331,376		$	269,486		$	753,976		$	477,731

See Notes to Financial Statements

SA-78

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year/Period Ended			Year Ended			Year Ended			Year/Period Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2024			2023			2024			2023			2024			2023

	TOPS Managed Risk						TOPS Managed Risk						TOPS Managed Risk
	Balanced ETF Class 1 (1)						Growth ETF Class 1						Moderate Growth ETF Class 1 (2)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	16,129		$	1,652		$	14,269		$	(82	)	$	6,307
Realized gain (loss) on investments		424			2,639			68			(432	)		(12	)
Change in net unrealized appreciation (depreciation) on investments		19,976			20,384			2,860			13,256			4,936
Net Increase (Decrease) in Net Assets Resulting from Operations		36,529			24,675			17,197			12,742			11,231
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			569,246			220,000			204,949			238,004
Transfers between variable and fixed accounts, net		1,536			28,336			194,025			-			-
Contract benefits and terminations		(6,266	)		(2,489	)		(2,424	)		(286	)		(1,581	)
Contract charges and deductions		-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-
Other		1			550			(4	)		(5	)		(6	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(4,729	)		595,643			411,597			204,658			236,417
NET INCREASE (DECREASE) IN NET ASSETS		31,800			620,318			428,794			217,400			247,648
NET ASSETS
Beginning of Year or Period		620,318			-			225,994			8,594			-
End of Year or Period	$	652,118		$	620,318		$	654,788		$	225,994		$	247,648

	TOPS						PIMCO CommodityRealReturn						PIMCO Emerging Markets
	Moderate Growth ETF Class 1						Strategy - Advisor Class						Bond - Institutional Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,249		$	223		$	145,310		$	3,628,154		$	15,974		$	12,549
Realized gain (loss) on investments		1,063			323			(696,437	)		(4,103,526	)		(1,782	)		(41,056	)
Change in net unrealized appreciation (depreciation) on investments		2,268			926			1,006,407			(2,139,821	)		1,238			49,566
Net Increase (Decrease) in Net Assets Resulting from Operations		4,580			1,472			455,280			(2,615,193	)		15,430			21,059
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		59,933			-			1,572,678			1,102,743			223,480			71,627
Transfers between variable and fixed accounts, net		-			(39,724	)		(830,754	)		(8,416,001	)		(21,479	)		(195,508	)
Contract benefits and terminations		(115	)		-			(3,126,170	)		(3,009,357	)		(14,320	)		(1,273	)
Contract charges and deductions		-			-			(4,011	)		(6,258	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			75			(2,680	)		-			-
Other		-			2			33			(2,263	)		(6	)		338
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		59,818			(39,722	)		(2,388,149	)		(10,333,816	)		187,675			(124,816	)
NET INCREASE (DECREASE) IN NET ASSETS		64,398			(38,250	)		(1,932,869	)		(12,949,009	)		203,105			(103,757	)
NET ASSETS
Beginning of Year		15,078			53,328			18,765,460			31,714,469			179,405			283,162
End of Year	$	79,476		$	15,078		$	16,832,591		$	18,765,460		$	382,510		$	179,405

(1) Operations commenced or resumed during 2023 (See Financial Highlights for commencement date of operations).

(2) Operations commenced or resumed during 2024 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-79

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,
	2024			2023			2024			2023			2024			2023

	PIMCO Income -						PIMCO Long-Term U.S.						PIMCO Low Duration -
	Advisor Class						Government - Institutional Class						Institutional Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	2,750,167		$	1,143,335		$	16,831		$	8,279		$	149,665		$	60,240
Realized gain (loss) on investments		(122,735	)		(1,082,711	)		(34,816	)		(13,170	)		(795	)		(6,538	)
Change in net unrealized appreciation (depreciation) on investments		(304,803	)		2,070,167			(54,700	)		16,657			14,437			44,328
Net Increase (Decrease) in Net Assets Resulting from Operations		2,322,629			2,130,791			(72,685	)		11,766			163,307			98,030
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		12,662,470			5,196,448			664,211			316,278			1,072,215			1,683,813
Transfers between variable and fixed accounts, net		23,838,215			17,336,102			(91,281	)		(5,789	)		667,081			1,112,701
Contract benefits and terminations		(8,748,036	)		(2,218,715	)		(100,369	)		(5,814	)		(69,051	)		(57,554	)
Contract charges and deductions		(25,263	)		(18,498	)		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		5			(136	)		-			-			-			-
Other		(6,544	)		(727	)		1,018			44			(47	)		(59	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		27,720,847			20,294,474			473,579			304,719			1,670,198			2,738,901
NET INCREASE (DECREASE) IN NET ASSETS		30,043,476			22,425,265			400,894			316,485			1,833,505			2,836,931
NET ASSETS
Beginning of Year		42,536,033			20,110,768			523,705			207,220			3,553,512			716,581
End of Year	$	72,579,509		$	42,536,033		$	924,599		$	523,705		$	5,387,017		$	3,553,512

	PIMCO Total Return -						Schwab Government				Schwab
	Institutional Class						Money Market (1)				S&P 500 Index
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	128,901		$	50,187			$	527		$	491,252		$	234,646
Realized gain (loss) on investments		(2,098	)		(37,555	)			-			21,958			(229,758	)
Change in net unrealized appreciation (depreciation) on investments		(90,301	)		111,575				-			10,478,075			6,398,822
Net Increase (Decrease) in Net Assets Resulting from Operations		36,502			124,207				527			10,991,285			6,403,710
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		3,074,540			1,303,296				192,853			19,581,702			14,465,102
Transfers between variable and fixed accounts, net		478,821			(274,751	)			(193,373	)		(1,411,481	)		2,947,029
Contract benefits and terminations		(133,228	)		(140,435	)			-			(1,280,325	)		(4,037,891	)
Contract charges and deductions		-			-				-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-				-			-			-
Other		335			639				(7	)		5,435			(5,387	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		3,420,468			888,749				(527	)		16,895,331			13,368,853
NET INCREASE (DECREASE) IN NET ASSETS		3,456,970			1,012,956				-			27,886,616			19,772,563
NET ASSETS
Beginning of Year or Period		2,508,371			1,495,415				-			39,591,138			19,818,575
End of Year or Period	$	5,965,341		$	2,508,371			$	-		$	67,477,754		$	39,591,138

(1) Operations commenced or resumed during 2023 and all units were fully redeemed or transferred prior to December 31, 2023 (See Financial Highlights for commencement date of operations and date of full redemption).

See Notes to Financial Statements

SA-80

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,
	2024			2023			2024			2023			2024			2023

							Schwab VIT
		Schwab VIT Balanced						Balanced with Growth						Schwab VIT Growth
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	956,977		$	714,539		$	1,903,880		$	1,307,890		$	1,943,843		$	1,341,106
Realized gain (loss) on investments		1,914,050			329,063			3,203,952			1,409,212			6,654,479			1,471,979
Change in net unrealized appreciation (depreciation) on investments		1,142,142			5,167,403			6,680,174			14,208,017			7,324,858			19,321,920
Net Increase (Decrease) in Net Assets Resulting from Operations		4,013,169			6,211,005			11,788,006			16,925,119			15,923,180			22,135,005
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		4,548,334			2,350,667			4,848,308			1,249,069			2,701,768			1,658,201
Transfers between variable and fixed accounts, net		778,484			412,461			121,128			223,363			(899,612	)		(442,907	)
Contract benefits and terminations		(14,414,515	)		(6,976,637	)		(15,939,570	)		(11,151,440	)		(19,578,869	)		(10,301,130	)
Contract charges and deductions		(295,663	)		(281,208	)		(642,787	)		(677,176	)		(984,385	)		(1,034,856	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(2,057	)		5,720			(418	)		(4,378	)		1,788			512
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(9,385,417	)		(4,488,997	)		(11,613,339	)		(10,360,562	)		(18,759,310	)		(10,120,180	)
NET INCREASE (DECREASE) IN NET ASSETS		(5,372,248	)		1,722,008			174,667			6,564,557			(2,836,130	)		12,014,825
NET ASSETS
Beginning of Year		59,055,843			57,333,835			132,414,291			125,849,734			148,945,282			136,930,457
End of Year	$	53,683,595		$	59,055,843		$	132,588,958		$	132,414,291		$	146,109,152		$	148,945,282

	State Street						T. Rowe Price						T. Rowe Price
	Total Return V.I.S. Class 3						Blue Chip Growth - I						Equity Income - I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(343,296	)	$	2,122,328		$	(9,383	)	$	(6,562	)	$	10,243		$	5,880
Realized gain (loss) on investments		10,138,643			(5,215,243	)		342,423			(101,456	)		62,098			17,094
Change in net unrealized appreciation (depreciation) on investments		(3,890,918	)		39,009,642			247,212			596,965			(21,291	)		12,694
Net Increase (Decrease) in Net Assets Resulting from Operations		5,904,429			35,916,727			580,252			488,947			51,050			35,668
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,737,612			7,989,679			982,431			402,441			334,922			95,411
Transfers between variable and fixed accounts, net		(251,661,599	)		3,094,662			(659,809	)		91,355			104,846			89,391
Contract benefits and terminations		(16,203,361	)		(32,056,955	)		(196,803	)		(135,392	)		(34,341	)		(15,142	)
Contract charges and deductions		(1,300,470	)		(3,607,406	)		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		378			744			-			-			-			-
Other		(3,206	)		93			(18	)		(71	)		19			(2	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(267,430,646	)		(24,579,183	)		125,801			358,333			405,446			169,658
NET INCREASE (DECREASE) IN NET ASSETS		(261,526,217	)		11,337,544			706,053			847,280			456,496			205,326
NET ASSETS
Beginning of Year		284,407,551			273,070,007			1,730,253			882,973			495,295			289,969
End of Year	$	22,881,334		$	284,407,551		$	2,436,306		$	1,730,253		$	951,791		$	495,295

See Notes to Financial Statements

SA-81

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,
	2024			2023			2024			2023			2024			2023
	T. Rowe Price						VanEck VIP						Vanguard VIF
	Health Sciences - I						Global Resources Class S						Balanced
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(4,425	)	$	(2,696	)	$	249,163		$	312,674		$	339,133		$	193,469
Realized gain (loss) on investments		97,493			(4,027	)		657,349			(364,457	)		893,609			(126,625	)
Change in net unrealized appreciation (depreciation) on investments		(124,897	)		23,604			(1,711,933	)		(1,515,880	)		1,439,169			1,649,314
Net Increase (Decrease) in Net Assets Resulting from Operations		(31,829	)		16,881			(805,421	)		(1,567,663	)		2,671,911			1,716,158
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		481,645			116,692			1,075,241			1,029,694			8,849,988			4,715,959
Transfers between variable and fixed accounts, net		171,969			77,320			(132,608	)		(2,693,249	)		265,022			(731,693	)
Contract benefits and terminations		(65,008	)		(52,069	)		(2,671,994	)		(3,261,160	)		(3,043,866	)		(951,304	)
Contract charges and deductions		-			-			(5,771	)		(9,825	)		(65,275	)		(62,868	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			23			(133	)		-			-
Other		(126	)		238			(205	)		3,321			(526	)		2,373
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		588,480			142,181			(1,735,314	)		(4,931,352	)		6,005,343			2,972,467
NET INCREASE (DECREASE) IN NET ASSETS		556,651			159,062			(2,540,735	)		(6,499,015	)		8,677,254			4,688,625
NET ASSETS
Beginning of Year		603,898			444,836			21,306,663			27,805,678			15,111,338			10,422,713
End of Year	$	1,160,549		$	603,898		$	18,765,928		$	21,306,663		$	23,788,592		$	15,111,338

	Vanguard VIF						Vanguard VIF						Vanguard VIF
	Capital Growth						Conservative Allocation						Diversified Value
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	14,122		$	7,923		$	136,262		$	55,615		$	14,937		$	11,113
Realized gain (loss) on investments		58,964			(39,787	)		153,343			(76,692	)		99,956			6,060
Change in net unrealized appreciation (depreciation) on investments		219,733			443,669			100,186			607,340			154,908			194,575
Net Increase (Decrease) in Net Assets Resulting from Operations		292,819			411,805			389,791			586,263			269,801			211,748
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		674,044			957,784			1,106,575			2,279,372			3,315,442			141,273
Transfers between variable and fixed accounts, net		29,827			67,839			(830,934	)		286,721			(192,664	)		(110,318	)
Contract benefits and terminations		(173,437	)		(553,821	)		(254,359	)		(250,084	)		(18,238	)		(81,489	)
Contract charges and deductions		-			-			(1,331	)		(713	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(29	)		(305	)		(161	)		(88	)		326			(344	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		530,405			471,497			19,790			2,315,208			3,104,866			(50,878	)
NET INCREASE (DECREASE) IN NET ASSETS		823,224			883,302			409,581			2,901,471			3,374,667			160,870
NET ASSETS
Beginning of Year		2,150,186			1,266,884			6,196,920			3,295,449			1,300,113			1,139,243
End of Year	$	2,973,410		$	2,150,186		$	6,606,501		$	6,196,920		$	4,674,780		$	1,300,113

See Notes to Financial Statements

SA-82

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,
	2024			2023			2024			2023			2024			2023

	Vanguard VIF						Vanguard VIF						Vanguard VIF
	Equity Income						Equity Index						Global Bond Index
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	102,749		$	56,372		$	31,910		$	21,759		$	31,111		$	12,312
Realized gain (loss) on investments		242,495			54,213			152,830			31,504			(30,813	)		(7,086	)
Change in net unrealized appreciation (depreciation) on investments		258,418			192,277			600,403			495,923			10,499			67,669
Net Increase (Decrease) in Net Assets Resulting from Operations		603,662			302,862			785,143			549,186			10,797			72,895
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,756,976			3,285,633			636,244			531,454			482,056			361,182
Transfers between variable and fixed accounts, net		709,613			(2,195,403	)		(427,165	)		29,894			(179,861	)		150,895
Contract benefits and terminations		(34,588	)		(79,423	)		(63,254	)		(43,234	)		(33,947	)		(13,577	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		366			(9	)		(11	)		23			8			(21	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,432,367			1,010,798			145,814			518,137			268,256			498,479
NET INCREASE (DECREASE) IN NET ASSETS		3,036,029			1,313,660			930,957			1,067,323			279,053			571,374
NET ASSETS
Beginning of Year		3,460,687			2,147,027			3,151,303			2,083,980			1,524,363			952,989
End of Year	$	6,496,716		$	3,460,687		$	4,082,260		$	3,151,303		$	1,803,416		$	1,524,363

	Vanguard VIF						Vanguard VIF						Vanguard VIF
	Growth						High Yield Bond						International
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(14,565	)	$	(7,344	)	$	124,414		$	38,799		$	14,222		$	3,516
Realized gain (loss) on investments		2,597			(217,393	)		(12,350	)		(21,865	)		69,497			9,743
Change in net unrealized appreciation (depreciation) on investments		1,608,779			957,675			36,751			139,918			63,682			111,329
Net Increase (Decrease) in Net Assets Resulting from Operations		1,596,811			732,938			148,815			156,852			147,401			124,588
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,667,041			1,439,867			1,040,326			491,051			1,411,587			711,646
Transfers between variable and fixed accounts, net		606,474			298,059			763,912			438,222			544,849			283,788
Contract benefits and terminations		(57,323	)		(43,982	)		(137,535	)		(16,552	)		(49,997	)		(24,502	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		2,511			(51	)		(43	)		128			424			(22	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,218,703			1,693,893			1,666,660			912,849			1,906,863			970,910
NET INCREASE (DECREASE) IN NET ASSETS		3,815,514			2,426,831			1,815,475			1,069,701			2,054,264			1,095,498
NET ASSETS
Beginning of Year		3,901,138			1,474,307			1,976,860			907,159			1,524,605			429,107
End of Year	$	7,716,652		$	3,901,138		$	3,792,335		$	1,976,860		$	3,578,869		$	1,524,605

See Notes to Financial Statements

SA-83

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,
	2024			2023			2024			2023			2024			2023

	Vanguard VIF						Vanguard VIF						Vanguard VIF
		Mid-Cap Index						Moderate Allocation						Real Estate Index
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	72,903		$	30,976		$	340,737		$	229,067		$	65,689		$	25,290
Realized gain (loss) on investments		89,041			(53,422	)		381,830			(429,142	)		41,884			(53,300	)
Change in net unrealized appreciation (depreciation) on investments		1,149,052			798,749			1,038,270			2,416,940			(13,574	)		263,481
Net Increase (Decrease) in Net Assets Resulting from Operations		1,310,996			776,303			1,760,837			2,216,865			93,999			235,471
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		4,958,139			2,426,071			2,900,777			5,189,390			1,053,187			715,041
Transfers between variable and fixed accounts, net		566,762			509,966			1,398,040			(2,044,653	)		(51,539	)		342,034
Contract benefits and terminations		(239,933	)		(170,698	)		(3,263,869	)		(1,440,481	)		(155,474	)		(264,707	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		1,330			(327	)		230			(214	)		191			(202	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		5,286,298			2,765,012			1,035,178			1,704,042			846,365			792,166
NET INCREASE (DECREASE) IN NET ASSETS		6,597,294			3,541,315			2,796,015			3,920,907			940,364			1,027,637
NET ASSETS
Beginning of Year		6,939,643			3,398,328			17,602,412			13,681,505			2,340,660			1,313,023
End of Year	$	13,536,937		$	6,939,643		$	20,398,427		$	17,602,412		$	3,281,024		$	2,340,660

	Vanguard VIF						Vanguard VIF						Vanguard VIF Total
	Short-Term Investment-Grade						Total Bond Market Index						International Stock Market Index
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	253,142		$	63,969		$	347,137		$	179,412		$	320,573		$	183,045
Realized gain (loss) on investments		(15,641	)		(41,857	)		(25,350	)		(507,645	)		52,798			(118,368	)
Change in net unrealized appreciation (depreciation) on investments		161,534			286,264			(256,277	)		973,140			37,499			1,265,017
Net Increase (Decrease) in Net Assets Resulting from Operations		399,035			308,376			65,510			644,907			410,870			1,329,694
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		5,701,484			2,118,293			15,270,547			6,136,356			6,627,720			2,951,727
Transfers between variable and fixed accounts, net		1,197,364			596,306			4,659,583			924,997			(364,608	)		617,041
Contract benefits and terminations		(224,918	)		(342,713	)		(1,126,808	)		(409,708	)		(275,769	)		(284,640	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(282	)		41			(969	)		197			(714	)		(222	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		6,673,648			2,371,927			18,802,353			6,651,842			5,986,629			3,283,906
NET INCREASE (DECREASE) IN NET ASSETS		7,072,683			2,680,303			18,867,863			7,296,749			6,397,499			4,613,600
NET ASSETS
Beginning of Year		6,700,819			4,020,516			14,899,607			7,602,858			11,794,873			7,181,273
End of Year	$	13,773,502		$	6,700,819		$	33,767,470		$	14,899,607		$	18,192,372		$	11,794,873

See Notes to Financial Statements

SA-84

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Account
	Year Ended			Year Ended
	December 31,			December 31,
	2024			2023

	Vanguard VIF
		Total Stock Market Index
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	101,256		$	48,602
Realized gain (loss) on investments		913,514			222,558
Change in net unrealized appreciation (depreciation) on investments		2,043,417			1,873,983
Net Increase (Decrease) in Net Assets Resulting from Operations		3,058,187			2,145,143
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		8,568,941			3,213,158
Transfers between variable and fixed accounts, net		(546,937	)		(34,556	)
Contract benefits and terminations		(823,344	)		(397,607	)
Contract charges and deductions		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-
Other		(5,403	)		(15	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		7,193,257			2,780,980
NET INCREASE (DECREASE) IN NET ASSETS		10,251,444			4,926,123
NET ASSETS
Beginning of Year		12,155,090			7,228,967
End of Year	$	22,406,534		$	12,155,090

See Notes to Financial Statements

SA-85

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS

1. ORGANIZATION

The Separate Account A (the “Separate Account”), a separate account of Pacific Life Insurance Company (“Pacific Life”), was established by Pacific Life’s Board of Directors in 1996 to support operations of Pacific Life with respect to certain variable annuity contracts. The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended, and is subject to the rules and regulations of the United States Securities and Exchange Commission. The Separate Account consists of subaccounts (each, a “Variable Account” and collectively, the “Variable Accounts”) which invest in shares of corresponding portfolios (each, a “Portfolio” and collectively, the “Portfolios”) of registered investment management companies (each, a “Fund” and collectively, the “Funds”). As of December 31, 2024, the Fund investment options are Pacific Select Fund (See Note 4), AIM Variable Insurance Funds (Invesco Variable Insurance Funds), American Funds Insurance Series®, BlackRock Variable Series Funds, Inc., BlackRock Variable Series Fund II, Inc., DFA Investment Dimensions Group Inc., Fidelity Variable Insurance Products Funds, First Trust Variable Insurance Trust, Franklin Templeton Variable Insurance Products Trust, Goldman Sachs Variable Insurance Trust, Ivy Variable Insurance Portfolios, Janus Aspen Series, Legg Mason Partners Variable Income Trust, Lincoln Variable Insurance Products (LVIP) Trust, Lord Abbett Series Fund, Inc., MFS Variable Insurance Trust, MFS Variable Insurance Trust II, Neuberger Berman Advisers Management Trust, Northern Lights Variable Trust, PIMCO Variable Insurance Trust, Schwab Annuity Portfolios, State Street Variable Insurance Series Funds, Inc., T. Rowe Price Equity Series, Inc., Van Eck VIP Trust, and Vanguard Variable Insurance Fund. The Variable Accounts which have not commenced operations as of December 31, 2024 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 provided separately and should be read in conjunction with the Separate Account's financial statements.

The following Variable Accounts changed names during 2024:

Current Variable Account Names			Former Variable Account Names
Mid-Cap Plus Bond Alpha Class I			Mid-Cap Equity Class I
LVIP American Century Inflation Protection Standard Class II			American Century VP Inflation Protection Class I
LVIP American Century MidCap Value Standard Class II			American Century VP MidCap Value Class I
LVIP American Century MidCap Value Service Class			American Century VP MidCap Value Class II
Macquarie VIP Asset Strategy Series Service Class			Delaware Ivy VIP Asset Strategy Class II
Macquarie VIP Energy Series Service Class			Delaware Ivy VIP Energy Class II

The following Variable Accounts commenced or resumed operations during 2024:

		Commenced		Commenced
		or Resumed		or Resumed
	Variable Accounts	Operations on	Variable Accounts	Operations on
	Bond Plus Class I	November 11, 2024	Pacific Dynamix - Aggressive Growth Class I	May 17, 2024
	Large-Cap Plus Bond Alpha Class I	November 27, 2024	Invesco V.I. S&P 500 Buffer - March Series I	March 14, 2024
	QQQ Plus Bond Alpha Class I	November 12, 2024	Fidelity VIP Government Money Market Investor Class	April 16, 2024
	Small-Cap Plus Bond Alpha Class I	November 8, 2024	LVIP American Century MidCap Value Service Class	January 26, 2024
	International Equity Plus Bond Alpha Class I	November 22, 2024	TOPS Managed Risk Moderate Growth ETF Class 1	April 12, 2024
	ESG Diversified Class P	October 17, 2024

The units in the Fidelity VIP Government Money Market Investor Class Variable Account were fully redeemed or transferred prior to December 31, 2024.

On April 26, 2024, the net assets of the Neuberger Berman U.S. Equity Index PutWrite Strategy Class S Variable Account were transferred to the Fidelity VIP Government Money Market Service Class Variable Account. Such transfers were based on the applicable Variable Account accumulation unit values as of the close of business on April 26, 2024. The Neuberger Berman U.S. Equity Index PutWrite Strategy Class S Variable Account is not included in this annual report.

On April 30, 2024, the net assets of the First Trust Multi Income Allocation Class I, Clearbridge Variable Agressive Growth – Class II, PSF Mid-Cap Growth Class II, PSF PGIM Jennison Growth Class II, PSF PGIM Jennison Value Class II, and PIMCO All Asset - Advisor Class Variable Accounts (“Substituted Variable Accounts”), were transferred into the Franklin Income VIP Class 2, American Funds IS Growth Class 4, American Funds IS Growth Class 4, American Funds IS Growth Class 4, American Funds IS Washington Mutual Class 4, and Invesco V.I. Balanced-Risk Allocation Series II Variable Accounts, respectively. Such transfers were based on the respective Variable Account accumulation unit values as of the close of business on April 30, 2024. The Substituted Variable Accounts are not included in this annual report.

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.

SA-86

SEPARATE ACCOUNT A
NOTES TO FINANCIAL STATEMENTS (Continued)

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

The fair value of the Variable Account’s investments in mutual funds is based on the computed net asset values (“NAV”) of the corresponding Portfolios, which are obtained from the transfer agents or Fund companies and reflect the fair values of the Portfolio investments. The NAV is calculated daily upon the close of the New York Stock Exchange and is based on the fair values of the underlying securities. Valuation of the underlying securities is discussed in the notes to the Funds’ 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 are included within the total operations of Pacific Life, which files income tax returns as part of the Pacific Mutual Holding Company consolidated federal income tax return. Section 817(h) of the Internal Revenue Code (“the Code”) requires that the investments of the Separate Account must be adequately diversified in accordance with Treasury regulations in order to qualify as an annuity contract under Section 72 of the Code. The Separate Account complies with the diversification requirements. Under the current tax law, no federal income taxes are expected to be paid 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.

     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.

    E. Recent Accounting Pronouncement

The Financial Accounting Standards Board recently adopted Accounting Standards Update 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures (“ASU 2023-07”). The Separate Account’s adoption of the new standard impacted financial statement disclosures only and did not affect the Separate Account’s financial position or results of operations. The Chief Executive Officer acts as the Separate Account’s Chief Operating Decision Maker (“CODM”) and is responsible for assessing performance and allocating resources with respect to each Separate Account. The CODM has concluded that each Variable Account operates as a single operating segment based on the fact that each Portfolio has a single investment goal as disclosed in its prospectus, against which the CODM assesses the performance.

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 additional death benefit rider charges, if applicable. Contracts funded by the Separate Account currently being sold or administered, along with their respective annual expense rates, 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

SA-87

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

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. M&E fees and administrative fees are included in the Statements of Operations.

		Death Benefit Options
Pacific Advisory Contracts	Standard Death Benefit			With Return of Investment (ROI) Death Benefit Rider
M&E Charge		0.15	%		0.15	%
Administrative Fee		0.15	%		0.15	%
Platform Fee		0.15	%		0.15	%
Death Benefit Rider Charge		None			0.15	%
Total Annual Expenses		0.45	%		0.60	%

Pacific Choice Contracts (Without Stepped-Up	Standard Death Benefit			Standard Death Benefit			Standard Death Benefit
Death Benefit II Rider Charge)	With 5 Year Option			With 3 Year Option			With 0 Year Option
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	Standard Death Benefit			Standard Death Benefit			Standard Death Benefit
Death Benefit II Rider Charge)	With 5 Year Option			With 3 Year Option			With 0 Year Option
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	%

Pacific Choice 2 Contracts (Without Return	Standard Death Benefit			Standard Death Benefit			Standard Death Benefit
of Purchase Payments Death Benefits	If Contract Value is			If Contract Value is between			If Contract Value is
nor Stepped-Up Death Benefits	less than $500,000			$500,000 and $1,000,000			over $1,000,000
M&E Charge		0.85	%		0.80	%		0.75	%
Administrative Fee		0.25	%		0.25	%		0.25	%
Total Annual Expenses		1.10	%		1.05	%		1.00	%

Pacific Choice 2 Contracts (With Return	Standard Death Benefit			Standard Death Benefit			Standard Death Benefit
of Purchase Payments Death Benefits	If Contract Value is			If Contract Value is between			If Contract Value is
but not Stepped-Up Death Benefits	less than $500,000			$500,000 and $1,000,000			over $1,000,000
M&E Charge		0.95	%		0.90	%		0.85	%
Administrative Fee		0.25	%		0.25	%		0.25	%
Total Annual Expenses		1.20	%		1.15	%		1.10	%

Pacific Choice 2 Contracts (Without Return	Standard Death Benefit			Standard Death Benefit			Standard Death Benefit
of Purchase Payments Death Benefits	If Contract Value is			If Contract Value is between			If Contract Value is
but With Stepped-Up Death Benefits)	less than $500,000			$500,000 and $1,000,000			over $1,000,000
M&E Charge		1.25	%		1.20	%		1.15	%
Administrative Fee		0.25	%		0.25	%		0.25	%
Total Annual Expenses		1.50	%		1.45	%		1.40	%

				With Return of Purchase
Pacific Choice Income Contracts	Standard Death Benefit			Payments Death Benefit Rider
M&E Charge		0.90	%		0.90	%
Administrative Fee		0.25	%		0.25	%
Death Benefit Rider Charge		None			0.15	%
Total Annual Expenses		1.15	%		1.30	%

SA-88

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	Death Benefit Options
					With Stepped-Up Death
Pacific Destinations and					Benefit Rider or Stepped-Up
Pacific Destination O - Series Contracts	Standard Death Benefit				Death Benefit II Rider
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	%

					With Stepped-Up
Pacific Destinations B Contracts	Standard Death Benefit				Death Benefit Rider
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	%

					With Stepped-Up
Pacific Journey Contracts	Standard Death Benefit				Death Benefit Rider
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	%

	Without Stepped-Up Death										With Stepped-Up Death
	Benefit Rider and Four Year				With Stepped-Up Death			With Four Year Withdrawal			Benefit Rider and Four Year
Pacific Journey Select Contracts	Withdrawal Charge Option				Benefit Rider Only			Charge Option Only			Withdrawal Charge Option
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 Return of Purchase				With Return of Purchase
	Payment Death Benefit nor				Payment Death Benefit nor
Pacific Life Retirement	Return of Purchase			Return of Purchase
Growth and Income Annuity Contracts	Payment Death Benefit II				Payment Death Benefit II
M&E Charge		0.60	%			0.60	%
Administrative Fee		0.25	%			0.25	%
Death Benefit Rider Charge		None				0.15	%
Total Annual Expenses		0.85	%			1.00	%

	Without Stepped-Up Death										With Stepped-Up Death
	Benefit Rider II and Four Year				With Stepped-Up Death			With Four Year Withdrawal			Benefit Rider II and Four Year
Pacific Navigator Contracts	Withdrawal Charge Option				Benefit Rider II Only			Charge Option Only			Withdrawal Charge Option
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	%

Pacific Odyssey Contracts					With Stepped-Up
(issued on or after 12/1/2016)	Standard Death Benefit				Death Benefit Rider
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	%

SA-89

SEPARATE ACCOUNT A
NOTES TO FINANCIAL STATEMENTS (Continued)

	Death Benefit Options
Pacific Odyssey Contracts				With Stepped-Up			With Premier
(issued prior to 12/1/2016)	Standard Death Benefit			Death Benefit Rider			Death Benefit Rider
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 One Select (issued prior to 8/1/2006)				With Stepped-Up			With Premier
and Pacific Innovations Select Contracts	Standard Death Benefit			Death Benefit Rider			Death Benefit Rider
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 and Pacific				With Stepped-Up
Portfolios Contracts	Standard Death Benefit			Death Benefit Rider
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 One Select (issued on or after 8/1/2006)				With Stepped-Up
and Pacific Value Edge Contracts	Standard Death Benefit			Death Benefit Rider
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	%

				With Return of Purchase			With Stepped-Up
Pacific Quest	Standard Death Benefit			Payments Death Benefit Rider			Death Benefit Rider
M&E Charge		0.70	%		0.70	%		0.70	%
Administrative Fee		0.25	%		0.25	%		0.25	%
Death Benefit Rider Charge		None			0.10	%		0.40	%
Total Annual Expenses		0.95	%		1.05	%		1.35	%

				With Stepped-Up			With Premier
Pacific Value and Pacific Innovations Contracts	Standard Death Benefit			Death Benefit Rider			Death Benefit Rider
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	%

				With Stepped-Up
Pacific Value Select Contracts	Standard Death Benefit			Death Benefit Rider
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	%

				With Stepped-Up
Pacific Voyages Contracts	Standard Death Benefit			Death Benefit Rider
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	%

SA-90

SEPARATE ACCOUNT A
NOTES TO FINANCIAL STATEMENTS (Continued)

	Death Benefit Options
Schwab Retirement				With Return of Purchase			With Stepped-Up
Income Variable Annuity Contracts	Standard Death Benefit			Payments Death Benefit Rider			Death Benefit Rider
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	%

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 riders, any state premium taxes, and any withdrawal and surrender charges, and are shown as a decrease in net assets from contract owner transactions in the accompanying Statements of Changes in Net Assets. For certain 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 D, Class I, or Class P 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 Administration and Support Services Agreement 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 the notes to financial statements of PSF, which are provided separately. For the year ended December 31, 2024, PLFA received net advisory fees from the Portfolios of PSF at effective annual rates ranging from 0.05% to 0.90%, 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.

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. 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, 2024, the Variable Accounts' holdings as presented in the Investments section of this report were all categorized as Level 1 under the three-tier hierarchy of inputs.

SA-91

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

7. CHANGES IN UNITS OUTSTANDING

The changes in units outstanding for the year or period ended December 31, 2024 and 2023 were as follows:

	2024								2023
	Units		Units			Net Increase			Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)			Issued		Redeemed			(Decrease)
Bond Plus Class I		29,293		(375	)		28,918
Core Income Class I		5,182,972		(4,062,478	)		1,120,494			1,903,266		(1,565,408	)		337,858
Diversified Bond Class I		6,048,940		(6,572,993	)		(524,053	)		4,044,851		(5,227,632	)		(1,182,781	)
Floating Rate Income Class I		9,145,295		(9,591,270	)		(445,975	)		4,896,787		(5,448,679	)		(551,892	)
Floating Rate Income Class P		82,024		(56,156	)		25,868			105,093		(16,994	)		88,099
High Yield Bond Class I		3,882,774		(4,863,600	)		(980,826	)		3,455,458		(3,386,008	)		69,450
Inflation Managed Class I		3,538,010		(4,688,814	)		(1,150,804	)		2,541,594		(3,810,465	)		(1,268,871	)
Intermediate Bond Class I		4,076,021		(2,300,528	)		1,775,493			2,202,139		(758,133	)		1,444,006
Managed Bond Class I		7,466,185		(7,439,475	)		26,710			3,891,190		(4,930,364	)		(1,039,174	)
Short Duration Bond Class I		11,256,417		(12,430,013	)		(1,173,596	)		7,494,911		(10,260,209	)		(2,765,298	)
Emerging Markets Debt Class I		486,547		(547,312	)		(60,765	)		275,144		(431,400	)		(156,256	)
Dividend Growth Class I		21,473,503		(19,604,084	)		1,869,419			10,446,446		(9,096,357	)		1,350,089
Equity Index Class I		100,015,545		(80,845,451	)		19,170,094			33,102,045		(28,856,061	)		4,245,984
Focused Growth Class I		13,255,878		(10,238,641	)		3,017,237			4,568,638		(3,622,811	)		945,827
Growth Class I		15,286,769		(12,740,695	)		2,546,074			5,467,004		(4,408,377	)		1,058,627
Hedged Equity Class I		17,664,886		(11,129,431	)		6,535,455			14,338,585		(6,334,922	)		8,003,663
Hedged Equity Class P		144,031		(17,627	)		126,404			105,171		(26,366	)		78,805
Large-Cap Core Class I		8,266,950		(6,875,199	)		1,391,751			3,048,478		(2,768,878	)		279,600
Large-Cap Growth Class I		7,071,510		(6,680,115	)		391,395			3,367,967		(3,658,689	)		(290,722	)
Large-Cap Plus Bond Alpha Class I		745		(363	)		382
Large-Cap Value Class I		7,556,586		(7,098,325	)		458,261			4,011,815		(4,452,145	)		(440,330	)
Mid-Cap Growth Class I		11,294,982		(9,732,026	)		1,562,956			4,009,916		(3,430,014	)		579,902
Mid-Cap Plus Bond Alpha Class I		8,293,918		(6,634,317	)		1,659,601			2,813,057		(3,097,203	)		(284,146	)
Mid-Cap Value Class I		6,254,788		(5,212,047	)		1,042,741			2,788,475		(2,441,494	)		346,981
QQQ Plus Bond Alpha Class I		255,666		(313	)		255,353
Small-Cap Equity Class I		3,011,929		(2,920,881	)		91,048			1,339,593		(1,225,569	)		114,024
Small-Cap Growth Class I		3,982,881		(3,634,131	)		348,750			1,513,840		(1,511,830	)		2,010
Small-Cap Index Class I		15,297,768		(12,911,039	)		2,386,729			5,255,707		(4,659,961	)		595,746
Small-Cap Plus Bond Alpha Class I		5,000		-			5,000
Small-Cap Value Class I		3,874,102		(3,895,546	)		(21,444	)		1,913,818		(1,900,727	)		13,091
Value Class I		2,073,608		(2,661,893	)		(588,285	)		1,471,413		(2,410,547	)		(939,134	)
Value Advantage Class I		3,387,197		(3,291,695	)		95,502			1,743,882		(2,247,044	)		(503,162	)
Emerging Markets Class I		5,418,500		(5,828,992	)		(410,492	)		3,157,235		(3,220,180	)		(62,945	)
International Equity Plus Bond Alpha Class I		1,789		(311	)		1,478
International Growth Class I		1,109,521		(670,369	)		439,152			525,482		(346,413	)		179,069
International Large-Cap Class I		4,871,024		(5,332,675	)		(461,651	)		2,586,575		(3,751,120	)		(1,164,545	)
International Small-Cap Class I		778,524		(882,271	)		(103,747	)		341,526		(543,292	)		(201,766	)
International Value Class I		3,018,726		(3,273,834	)		(255,108	)		1,928,930		(2,563,620	)		(634,690	)
Health Sciences Class I		8,003,978		(7,820,626	)		183,352			3,209,677		(3,067,388	)		142,289
Real Estate Class I		1,544,829		(2,001,551	)		(456,722	)		905,481		(1,105,649	)		(200,168	)
Technology Class I		9,681,978		(8,753,362	)		928,616			4,595,677		(4,049,538	)		546,139
ESG Diversified Class I		935,882		(652,658	)		283,224			1,360,416		(232,712	)		1,127,704
ESG Diversified Class P		8,128		(8	)		8,120			-		(52,658	)		(52,658	)
ESG Diversified Growth Class I		508,238		(348,701	)		159,537			211,248		(162,121	)		49,127
ESG Diversified Growth Class P		28,781		(29,097	)		(316	)		2,516		(24	)		2,492
PSF Avantis Balanced Allocation Class D		4,504,268		(6,942,445	)		(2,438,177	)		2,691,380		(4,795,051	)		(2,103,671	)
PSF Avantis Balanced Allocation Class P		7,608		(19,055	)		(11,447	)		16,499		(28,613	)		(12,114	)
Pacific Dynamix - Conservative Growth Class I		3,677,862		(6,848,721	)		(3,170,859	)		2,966,618		(6,665,575	)		(3,698,957	)
Pacific Dynamix - Conservative Growth Class P		757		(36,378	)		(35,621	)		620		(33,551	)		(32,931	)
Pacific Dynamix - Moderate Growth Class I		28,287,698		(38,377,461	)		(10,089,763	)		20,206,659		(26,631,478	)		(6,424,819	)
Pacific Dynamix - Moderate Growth Class P		80,848		(2,700	)		78,148			55,885		(32,801	)		23,084
Pacific Dynamix - Growth Class I		18,703,971		(24,856,678	)		(6,152,707	)		11,032,356		(13,694,590	)		(2,662,234	)
Pacific Dynamix - Growth Class P		18,310		(53,317	)		(35,007	)		322,487		(55,378	)		267,109

SA-92

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	2024								2023
	Units		Units			Net Increase			Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)			Issued		Redeemed			(Decrease)
Pacific Dynamix - Aggressive Growth Class I		597,138		(237,725	)		359,413
Portfolio Optimization Conservative Class I		9,715,982		(21,111,202	)		(11,395,220	)		7,240,865		(20,512,837	)		(13,271,972	)
Portfolio Optimization Moderate-Conservative Class I		3,851,200		(17,294,492	)		(13,443,292	)		3,742,882		(18,790,781	)		(15,047,899	)
Portfolio Optimization Moderate Class I		15,977,187		(67,903,619	)		(51,926,432	)		11,478,641		(62,957,285	)		(51,478,644	)
Portfolio Optimization Growth Class I		8,012,229		(49,598,743	)		(41,586,514	)		5,875,158		(43,679,202	)		(37,804,044	)
Portfolio Optimization Aggressive-Growth Class I		2,973,198		(10,778,097	)		(7,804,899	)		1,788,174		(8,998,779	)		(7,210,605	)
Invesco Oppenheimer V.I. International Growth Series I		14,809		(135	)		14,674			-		-			-
Invesco Oppenheimer V.I. International Growth Series II		937,203		(826,209	)		110,994			857,862		(865,392	)		(7,530	)
Invesco V.I. American Value Series I		63,944		(5,236	)		58,708			460		(57	)		403
Invesco V.I. Balanced-Risk Allocation Series I		38,997		(17,887	)		21,110			2,238		(4,261	)		(2,023	)
Invesco V.I. Balanced-Risk Allocation Series II		3,205,253		(4,798,008	)		(1,592,755	)		2,798,022		(5,644,268	)		(2,846,246	)
Invesco V.I. Discovery Mid Cap Growth Series I		11,949		(5,171	)		6,778			6,754		(5,885	)		869
Invesco V.I. Equity and Income Series II		2,341,043		(2,108,601	)		232,442			923,210		(1,105,100	)		(181,890	)
Invesco V.I. EQV International Equity Series I		49,481		(10	)		49,471			1,133		(4	)		1,129
Invesco V.I. Global Real Estate Series II		697,757		(727,075	)		(29,318	)		442,020		(421,291	)		20,729
Invesco V.I. Global Series II		1,120,798		(1,202,705	)		(81,907	)		681,661		(629,614	)		52,047
Invesco V.I. Main Street Small Cap Fund Series I		54,042		(5,104	)		48,938			53,825		(89,171	)		(35,346	)
Invesco V.I. Nasdaq 100 Buffer - December Series I		6,005		(141	)		5,864			6,149		(16	)		6,133
Invesco V.I. Nasdaq 100 Buffer - December Series II		1,497,369		(1,076,067	)		421,302			468,881		(277,048	)		191,833
Invesco V.I. Nasdaq 100 Buffer - June Series I		19,657		(445	)		19,212			19,313		(132	)		19,181
Invesco V.I. Nasdaq 100 Buffer - June Series II		1,360,052		(981,921	)		378,131			455,218		(365,486	)		89,732
Invesco V.I. Nasdaq 100 Buffer - March Series I		12,178		(9,648	)		2,530			2,227		(13	)		2,214
Invesco V.I. Nasdaq 100 Buffer - March Series II		909,809		(865,353	)		44,456			683,498		(206,638	)		476,860
Invesco V.I. Nasdaq 100 Buffer - September Series I		3,182		(4	)		3,178			-		(8,158	)		(8,158	)
Invesco V.I. Nasdaq 100 Buffer - September Series II		1,227,374		(890,209	)		337,165			552,076		(328,113	)		223,963
Invesco V.I. S&P 500 Buffer - December Series I		51,591		(39,260	)		12,331			33,162		(14	)		33,148
Invesco V.I. S&P 500 Buffer - December Series II		4,181,400		(3,336,089	)		845,311			1,510,623		(781,610	)		729,013
Invesco V.I. S&P 500 Buffer - June Series I		24,059		(41,380	)		(17,321	)		170,894		(46,659	)		124,235
Invesco V.I. S&P 500 Buffer - June Series II		5,219,768		(4,381,111	)		838,657			2,979,257		(1,643,062	)		1,336,195
Invesco V.I. S&P 500 Buffer - March Series I		15,193		(9,723	)		5,470
Invesco V.I. S&P 500 Buffer - March Series II		5,163,636		(4,234,315	)		929,321			1,729,209		(1,360,361	)		368,848
Invesco V.I. S&P 500 Buffer - September Series I		1,757		(674	)		1,083			8,543		(12,352	)		(3,809	)
Invesco V.I. S&P 500 Buffer - September Series II		6,824,505		(5,620,333	)		1,204,172			3,100,083		(1,640,778	)		1,459,305
Invesco V.I. Technology Series I		104,013		(40,427	)		63,586			49,824		(28,086	)		21,738
American Funds IS American High-Income Trust Class 4		5,395,714		(4,030,117	)		1,365,597			1,900,731		(1,619,121	)		281,610
American Funds IS Asset Allocation Class 1		542,235		(77,969	)		464,266			375,382		(37,229	)		338,153
American Funds IS Asset Allocation Class 4		75,072,690		(75,803,229	)		(730,539	)		31,710,065		(44,454,331	)		(12,744,266	)
American Funds IS Capital Income Builder Class 1		50,031		(9,774	)		40,257			12,374		(2,413	)		9,961
American Funds IS Capital Income Builder Class 4		5,405,666		(5,267,020	)		138,646			2,636,581		(2,600,312	)		36,269
American Funds IS Capital World Bond Class 1		48,197		(8,116	)		40,081			15,958		(9,305	)		6,653
American Funds IS Capital World Bond Class 4		1,370,539		(1,123,968	)		246,571			674,899		(581,134	)		93,765
American Funds IS Capital World Growth and Income Class 1		102,988		(7,235	)		95,753			41,810		(3,260	)		38,550
American Funds IS Capital World Growth and Income Class 4		4,120,220		(3,532,600	)		587,620			1,613,746		(1,411,246	)		202,500
American Funds IS Global Balanced Class 4		2,845,540		(2,763,767	)		81,773			1,058,930		(1,132,207	)		(73,277	)
American Funds IS Global Growth Class 1		96,348		(14,687	)		81,661			177,240		(12,916	)		164,324
American Funds IS Global Growth Class 4		8,608,558		(6,912,748	)		1,695,810			2,854,030		(2,773,090	)		80,940
American Funds IS Global Small Capitalization Class 4		2,162,643		(1,701,695	)		460,948			974,880		(964,495	)		10,385
American Funds IS Growth Class 1		599,910		(166,754	)		433,156			319,149		(147,193	)		171,956
American Funds IS Growth Class 4		55,078,689		(44,979,861	)		10,098,828			18,162,674		(14,550,169	)		3,612,505
American Funds IS Growth-Income Class 1		160,029		(75,623	)		84,406			135,187		(58,086	)		77,101
American Funds IS Growth-Income Class 4		22,534,660		(19,590,410	)		2,944,250			8,435,870		(8,124,049	)		311,821
American Funds IS International Class 1		121,170		(9,486	)		111,684			19,391		(3,943	)		15,448
American Funds IS International Class 4		4,006,196		(3,988,231	)		17,965			1,560,033		(2,085,316	)		(525,283	)
American Funds IS International Growth and Income Class 1		49,073		(6,397	)		42,676			6,158		(9,551	)		(3,393	)
American Funds IS International Growth and Income Class 4		2,501,983		(2,525,584	)		(23,601	)		1,567,872		(1,878,307	)		(310,435	)
American Funds IS Managed Risk Asset Allocation Class P1		62,430		(11,761	)		50,669			217,192		(2,344	)		214,848

SA-93

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	2024								2023
	Units		Units			Net Increase			Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)			Issued		Redeemed			(Decrease)
American Funds IS Managed Risk Asset Allocation Class P2		3,923,062		(4,252,862	)		(329,800	)		2,533,915		(2,697,662	)		(163,747	)
American Funds IS New World Fund Class 1		262,803		(26,984	)		235,819			114,274		(31,263	)		83,011
American Funds IS New World Fund Class 4		3,487,435		(3,234,136	)		253,299			1,559,204		(1,630,544	)		(71,340	)
American Funds IS The Bond Fund of America Class 1		612,119		(56,912	)		555,207			329,671		(235,895	)		93,776
American Funds IS The Bond Fund of America Class 4		14,883,243		(11,576,178	)		3,307,065			6,526,617		(4,576,417	)		1,950,200
American Funds IS U.S. Government Securities Class 1		147,095		(7,429	)		139,666			186,594		(34,262	)		152,332
American Funds IS U.S. Government Securities Class 4		2,888,692		(2,853,743	)		34,949			3,167,552		(3,643,183	)		(475,631	)
American Funds IS Washington Mutual Investors Class 1		178,190		(33,800	)		144,390			116,134		(4,756	)		111,378
American Funds IS Washington Mutual Investors Class 4		14,860,460		(11,994,560	)		2,865,900			5,804,885		(5,216,338	)		588,547
BlackRock 60/40 Target Allocation ETF V.I. Class I		20,494,978		(16,991,841	)		3,503,137			9,152,039		(7,533,260	)		1,618,779
BlackRock Capital Appreciation V.I. Class III		46,051		(193,214	)		(147,163	)		53,831		(255,684	)		(201,853	)
BlackRock Equity Dividend V.I. Class I		131,344		(15,718	)		115,626			26,090		(13,350	)		12,740
BlackRock Global Allocation V.I. Class I		30,603		(4,634	)		25,969			34,709		(39,181	)		(4,472	)
BlackRock Global Allocation V.I. Class III		7,153,269		(17,194,866	)		(10,041,597	)		5,803,500		(14,420,009	)		(8,616,509	)
BlackRock High Yield V.I. Class I		73,284		(27,085	)		46,199			71,138		(8,098	)		63,040
BlackRock S&P 500 Index V.I. Class I		220,253		(57,509	)		162,744			127,088		(56,011	)		71,077
BlackRock Small Cap Index V.I. Class I		291,348		(73,704	)		217,644			180,426		(56,792	)		123,634
BlackRock Total Return V.I. Class I		183,435		(97,365	)		86,070			129,065		(17,422	)		111,643
DFA VA Equity Allocation Institutional Class		85,303		(4,716	)		80,587			10,229		(1,723	)		8,506
DFA VA Global Bond Institutional Class		65,226		(24,782	)		40,444			17,627		(1,490	)		16,137
DFA VA Global Moderate Allocation Institutional Class		297,070		(27,586	)		269,484			94,731		(1,251	)		93,480
DFA VA International Small Institutional Class		81,590		(7,544	)		74,046			35,597		(7,380	)		28,217
DFA VA International Value Institutional Class		224,591		(18,590	)		206,001			60,770		(24,324	)		36,446
DFA VA Short-Term Fixed Institutional Class		233,472		(57,483	)		175,989			223,455		(86,935	)		136,520
DFA VA US Large Value Institutional Class		301,189		(40,066	)		261,123			180,713		(39,202	)		141,511
DFA VA US Targeted Value Institutional Class		174,426		(16,815	)		157,611			95,609		(13,567	)		82,042
Fidelity VIP Consumer Discretionary Initial Class		5,559		(288	)		5,271			486		(2	)		484
Fidelity VIP Contrafund Initial Class		353,059		(96,378	)		256,681			211,018		(7,576	)		203,442
Fidelity VIP Contrafund Service Class 2		24,511,450		(18,046,446	)		6,465,004			7,502,144		(6,542,940	)		959,204
Fidelity VIP Emerging Markets Initial Class		128,366		(18,638	)		109,728			93,147		(6,552	)		86,595
Fidelity VIP Energy Initial Class		24,069		(9,013	)		15,056			51,967		(16,481	)		35,486
Fidelity VIP Extended Market Index Initial Class		177,361		(94,567	)		82,794			163,018		(14,433	)		148,585
Fidelity VIP FundsManager 60% Investor Class		8,399,909		(465,156	)		7,934,753			19,876,784		(401,189	)		19,475,595
Fidelity VIP FundsManager 60% Service Class 2		6,532,062		(7,296,510	)		(764,448	)		6,061,296		(5,359,181	)		702,115
Fidelity VIP Government Money Market Initial Class		2,756,263		(2,375,668	)		380,595			2,854,245		(2,574,541	)		279,704
Fidelity VIP Government Money Market Investor Class		62,074		(62,074	)		-			79,028		(79,028	)		-
Fidelity VIP Government Money Market Service Class		63,100,797		(64,000,582	)		(899,785	)		48,028,405		(50,061,416	)		(2,033,011	)
Fidelity VIP Growth Opportunities Initial Class		72,426		(15,138	)		57,288			49,804		(23,973	)		25,831
Fidelity VIP Index 500 Initial Class		301,752		(124,329	)		177,423			253,543		(69,682	)		183,861
Fidelity VIP Investment Grade Bond Initial Class		456,528		(210,026	)		246,502			287,883		(17,027	)		270,856
Fidelity VIP Strategic Income Service Class 2		6,702,358		(6,218,382	)		483,976			3,075,472		(2,993,862	)		81,610
Fidelity VIP Value Strategies Initial Class		96,716		(32,800	)		63,916			58,903		(12,258	)		46,645
First Trust Dorsey Wright Tactical Core Class I		2,302,997		(2,358,849	)		(55,852	)		1,189,446		(1,136,158	)		53,288
First Trust/Dow Jones Dividend & Income Allocation Class I		10,031,679		(12,952,995	)		(2,921,316	)		8,034,012		(9,394,711	)		(1,360,699	)
Franklin Allocation VIP Class 2		101,545		(173,924	)		(72,379	)		71,986		(119,229	)		(47,243	)
Franklin Allocation VIP Class 4		2,589,214		(3,841,630	)		(1,252,416	)		2,207,146		(2,523,373	)		(316,227	)
Franklin Income VIP Class 1		62,892		(847	)		62,045			10,782		(425	)		10,357
Franklin Income VIP Class 2		5,919,992		(4,627,418	)		1,292,574			1,874,704		(2,219,902	)		(345,198	)
Franklin Mutual Global Discovery VIP Class 2		1,529,743		(2,256,188	)		(726,445	)		632,370		(1,856,274	)		(1,223,904	)
Franklin Mutual Shares VIP Class 1		8,271		(7,755	)		516			8,190		(78	)		8,112
Franklin Rising Dividends VIP Class 1		125,873		(20,464	)		105,409			113,119		(58,843	)		54,276
Franklin Rising Dividends VIP Class 2		9,358,855		(8,818,897	)		539,958			4,425,020		(4,152,423	)		272,597
Franklin Small Cap Value VIP Class 1		64,982		(4,015	)		60,967			12,724		(1,555	)		11,169
Franklin Small-Mid Cap Growth VIP Class 1		86,163		(22,719	)		63,444			74,678		(18,890	)		55,788
Franklin Strategic Income VIP Class 1		152,005		(32,612	)		119,393			150,429		(96,979	)		53,450
Templeton Foreign VIP Class 1		5,471		(9,118	)		(3,647	)		10,871		(698	)		10,173

SA-94

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	2024								2023
	Units		Units			Net Increase			Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)			Issued		Redeemed			(Decrease)
Templeton Global Bond VIP Class 1		6,142		(2,678	)		3,464			31,875		(2,630	)		29,245
Templeton Global Bond VIP Class 2		2,008,198		(2,485,213	)		(477,015	)		916,959		(1,641,295	)		(724,336	)
Goldman Sachs VIT Large Cap Value Institutional Shares		11,445		(5,564	)		5,881			38,490		(35,872	)		2,618
Goldman Sachs VIT Mid Cap Value Institutional Shares		22,271		(6,662	)		15,609			15,775		(11,363	)		4,412
Goldman Sachs VIT Strategic Growth Institutional Shares		3,248		(1,330	)		1,918			35,404		(2,702	)		32,702
Goldman Sachs VIT Trends Driven Allocation Institutional Shares		2,282		(12,029	)		(9,747	)		1,270		(14,809	)		(13,539	)
Janus Henderson Balanced Institutional Shares		183,195		(44,405	)		138,790			104,628		(154,960	)		(50,332	)
Janus Henderson Balanced Service Shares		117,800,483		(116,855,414	)		945,069			79,703,146		(64,375,799	)		15,327,347
Janus Henderson Enterprise Institutional Shares		71,440		(7,128	)		64,312			33,610		(14,808	)		18,802
Janus Henderson Flexible Bond Service Shares		1,994,528		(1,809,595	)		184,933			1,047,207		(1,014,607	)		32,600
LVIP American Century Inflation Protection Standard Class II		35,606		(1,736	)		33,870
LVIP American Century MidCap Value Standard Class II		29,447		(50,119	)		(20,672	)		52,982		(6,132	)		46,850
LVIP American Century MidCap Value Service Class		4,153,702		(4,645,521	)		(491,819	)		2,589,230		(2,739,429	)		(150,199	)
LVIP JPMorgan Core Bond Standard Class		166,399		(8,324	)		158,075			192,727		(7,559	)		185,168
LVIP JPMorgan Mid Cap Value Standard Class		5,438		(4,728	)		710			12,390		(46,944	)		(34,554	)
LVIP JPMorgan U.S. Equity Standard Class		497		(3	)		494			-		(4	)		(4	)
Western Asset Core Plus VIT Class I		232,990		(285,256	)		(52,266	)		187,542		(93,476	)		94,066
Lord Abbett Bond Debenture Class VC		4,921,166		(4,588,227	)		332,939			2,310,841		(2,999,623	)		(688,782	)
Lord Abbett Total Return Class VC		3,781,546		(4,853,398	)		(1,071,852	)		2,505,620		(3,722,139	)		(1,216,519	)
Macquarie VIP Asset Strategy Series Service Class		2,562,360		(1,259,557	)		1,302,803			2,002,944		(1,154,755	)		848,189
Macquarie VIP Energy Series Service Class		3,840,623		(4,678,367	)		(837,744	)		3,519,968		(5,980,099	)		(2,460,131	)
MFS International Growth - Initial Class		41,779		(8,532	)		33,247			69,833		(29,883	)		39,950
MFS Massachusetts Investors Growth Stock - Service Class		112,502		(506,904	)		(394,402	)		125,486		(566,431	)		(440,945	)
MFS New Discovery Series - Initial Class		40,021		(8,783	)		31,238			31,968		(2,390	)		29,578
MFS Total Return Series - Service Class		5,991,471		(7,513,591	)		(1,522,120	)		6,095,535		(6,360,131	)		(264,596	)
MFS Utilities Series - Initial Class		54,659		(5,542	)		49,117			18,382		(8,981	)		9,401
MFS Utilities Series - Service Class		2,771,851		(2,963,484	)		(191,633	)		1,611,005		(2,027,082	)		(416,077	)
MFS Value Series - Initial Class		36,852		(6,375	)		30,477			65,419		(1,443	)		63,976
MFS Value Series - Service Class		125,997		(399,736	)		(273,739	)		184,068		(391,419	)		(207,351	)
TOPS Aggressive Growth ETF Class 1		11,192		(3,812	)		7,380			38,593		(124	)		38,469
TOPS Balanced ETF Class 1		-		(162	)		(162	)		-		(6,760	)		(6,760	)
TOPS Conservative ETF Class 1		15,696		(11,462	)		4,234			24,893		(32,129	)		(7,236	)
TOPS Growth ETF Class 1		19,361		(503	)		18,858			25,859		(247	)		25,612
TOPS Managed Risk Balanced ETF Class 1		145		(596	)		(451	)		61,778		(257	)		61,521
TOPS Managed Risk Growth ETF Class 1		37,699		(225	)		37,474			21,281		(29	)		21,252
TOPS Managed Risk Moderate Growth ETF Class 1		22,996		(146	)		22,850
TOPS Moderate Growth ETF Class 1		5,474		(10	)		5,464			1,416		(5,675	)		(4,259	)
PIMCO CommodityRealReturn Strategy - Advisor Class		1,403,942		(1,732,647	)		(328,705	)		1,446,182		(2,872,770	)		(1,426,588	)
PIMCO Emerging Markets Bond - Institutional Class		36,670		(17,241	)		19,429			24,965		(39,724	)		(14,759	)
PIMCO Income - Advisor Class		8,439,296		(5,939,010	)		2,500,286			3,560,123		(1,623,771	)		1,936,352
PIMCO Long-Term U.S. Government - Institutional Class		111,062		(47,914	)		63,148			54,919		(12,864	)		42,055
PIMCO Low Duration - Institutional Class		187,364		(20,530	)		166,834			302,311		(12,971	)		289,340
PIMCO Total Return - Institutional Class		413,014		(40,866	)		372,148			247,427		(143,322	)		104,105
Schwab Government Money Market										19,203		(19,203	)		-
Schwab S&P 500 Index		1,577,237		(412,284	)		1,164,953			1,720,347		(552,539	)		1,167,808
Schwab VIT Balanced		382,270		(988,650	)		(606,380	)		261,910		(585,798	)		(323,888	)
Schwab VIT Balanced with Growth		330,750		(973,645	)		(642,895	)		107,132		(750,192	)		(643,060	)
Schwab VIT Growth		146,184		(1,013,526	)		(867,342	)		129,075		(673,781	)		(544,706	)
State Street Total Return V.I.S. Class 3		510,069		(15,423,599	)		(14,913,530	)		1,468,042		(2,443,637	)		(975,595	)
T. Rowe Price Blue Chip Growth - I		105,192		(97,521	)		7,671			120,913		(79,552	)		41,361
T. Rowe Price Equity Income - I		35,148		(6,137	)		29,011			16,360		(1,979	)		14,381
T. Rowe Price Health Sciences - I		65,402		(7,556	)		57,846			29,511		(13,706	)		15,805
VanEck VIP Global Resources Class S		1,433,613		(1,654,249	)		(220,636	)		1,366,688		(1,987,048	)		(620,360	)
Vanguard VIF Balanced		809,722		(304,223	)		505,499			515,812		(227,590	)		288,222
Vanguard VIF Capital Growth		75,420		(35,104	)		40,316			145,131		(100,440	)		44,691
Vanguard VIF Conservative Allocation		111,806		(114,185	)		(2,379	)		353,276		(98,940	)		254,336

SA-95

SEPARATE ACCOUNT A
NOTES TO FINANCIAL STATEMENTS (Continued)

	2024							2023
	Units		Units			Net Increase		Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)		Issued		Redeemed			(Decrease)
Vanguard VIF Diversified Value		231,688		(15,735	)		215,953		15,988		(20,757	)		(4,769	)
Vanguard VIF Equity Income		207,912		(35,807	)		172,105		326,415		(237,077	)		89,338
Vanguard VIF Equity Index		47,499		(36,838	)		10,661		67,727		(25,037	)		42,690
Vanguard VIF Global Bond Index		77,030		(49,249	)		27,781		61,682		(4,762	)		56,920
Vanguard VIF Growth		300,512		(113,550	)		186,962		287,249		(108,118	)		179,131
Vanguard VIF High Yield Bond		195,555		(39,469	)		156,086		110,949		(16,661	)		94,288
Vanguard VIF International		268,586		(15,712	)		252,874		181,270		(33,820	)		147,450
Vanguard VIF Mid-Cap Index		523,899		(73,742	)		450,157		330,926		(52,196	)		278,730
Vanguard VIF Moderate Allocation		401,279		(306,020	)		95,259		627,428		(445,327	)		182,101
Vanguard VIF Real Estate Index		106,260		(32,046	)		74,214		127,893		(46,905	)		80,988
Vanguard VIF Short-Term Investment-Grade		790,992		(129,701	)		661,291		312,927		(63,117	)		249,810
Vanguard VIF Total Bond Market Index		2,351,924		(279,202	)		2,072,722		1,159,386		(389,073	)		770,313
Vanguard VIF Total International Stock Market Index		679,053		(111,484	)		567,569		479,817		(121,468	)		358,349
Vanguard VIF Total Stock Market Index		703,950		(194,499	)		509,451		411,568		(150,727	)		260,841

SA-96

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

8. 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

Bond Plus Class I (5)
11/11/2024 - 12/31/2024	$	9.93	$	9.95		28,918	$	287,423		0.00	%		0.30	%		1.40	%		(1.14	)%		(1.14	)%
Core Income Class I
2024	$	9.36	$	11.92		4,937,317	$	54,274,307		0.00	%		0.30	%		1.95	%		0.78	%		2.47	%
2023		9.31		11.65		3,816,823		41,475,997		0.00	%		0.30	%		1.95	%		6.00	%		7.66	%
2022		8.71		10.83		3,478,965		35,591,556		0.00	%		0.30	%		1.95	%		(14.09	)%		(12.66	)%
2021		10.05		12.41		3,333,548		39,404,318		0.00	%		0.30	%		1.95	%		(2.32	)%		(0.69	)%
2020		11.46		12.51		3,189,553		38,329,877		0.00	%		0.30	%		2.00	%		7.46	%		9.25	%
Diversified Bond Class I
2024	$	8.28	$	16.11		14,502,107	$	166,330,810		0.00	%		0.30	%		2.00	%		(0.40	)%		1.32	%
2023		8.25		15.92		15,026,160		172,171,896		0.00	%		0.30	%		2.00	%		1.56	%		3.29	%
2022		8.07		15.43		16,208,941		181,360,873		0.00	%		0.30	%		2.00	%		(20.23	)%		(18.86	)%
2021		10.04		19.04		17,376,218		242,491,985		0.00	%		0.30	%		2.00	%		(3.87	)%		(2.22	)%
2020		12.14		19.49		15,489,503		225,524,712		0.00	%		0.30	%		2.00	%		8.17	%		10.02	%
Floating Rate Income Class I
2024	$	10.94	$	15.91		12,810,447	$	178,520,188		0.00	%		0.30	%		2.00	%		5.90	%		7.73	%
2023		10.26		14.78		13,256,422		176,368,982		0.00	%		0.30	%		2.00	%		11.41	%		13.32	%
2022		9.86		13.06		13,808,314		164,826,879		0.00	%		0.30	%		2.00	%		(3.49	)%		(1.84	)%
2021		10.14		13.32		12,474,821		153,131,393		0.00	%		0.30	%		2.00	%		2.55	%		4.31	%
2020		10.97		12.78		11,256,440		133,786,363		0.00	%		0.30	%		2.00	%		2.63	%		4.39	%
Floating Rate Income Class P
2024	$	12.32	$	12.39		221,272	$	2,736,158		0.00	%		0.45	%		0.60	%		7.74	%		7.91	%
2023		11.43		11.48		195,404		2,239,999		0.00	%		0.45	%		0.60	%		13.08	%		13.25	%
2022		10.11		10.14		107,305		1,086,656		0.00	%		0.45	%		0.60	%		(1.94	)%		(1.79	)%
05/27/2021 - 12/31/2021		10.31		10.32		79,769		822,761		0.00	%		0.45	%		0.60	%		1.99	%		1.99	%
High Yield Bond Class I
2024	$	10.04	$	33.15		6,614,942	$	124,418,406		0.00	%		0.30	%		2.00	%		5.01	%		6.82	%
2023		10.11		31.06		7,595,768		134,238,065		0.00	%		0.30	%		2.00	%		10.01	%		11.89	%
2022		10.08		27.79		7,526,318		123,579,098		0.00	%		0.30	%		2.00	%		(12.12	)%		(10.62	)%
2021		12.12		31.12		9,003,353		169,113,680		0.00	%		0.30	%		2.00	%		3.33	%		5.10	%
2020		11.64		29.64		9,125,009		169,940,567		0.00	%		0.30	%		2.00	%		3.65	%		5.43	%
Inflation Managed Class I
2024	$	9.29	$	24.63		9,387,905	$	137,165,595		0.00	%		0.30	%		2.00	%		0.32	%		2.05	%
2023		9.22		24.40		10,538,709		153,790,793		0.00	%		0.30	%		2.00	%		1.62	%		3.36	%
2022		9.01		23.87		11,807,580		168,900,461		0.00	%		0.30	%		2.00	%		(13.61	)%		(12.14	)%
2021		10.35		27.47		12,557,766		214,072,254		0.00	%		0.30	%		2.00	%		3.60	%		5.37	%
2020		10.12		26.35		10,364,592		181,604,575		0.00	%		0.30	%		2.00	%		9.21	%		11.09	%
Intermediate Bond Class I
2024	$	8.85	$	10.81		4,134,304	$	38,745,687		0.00	%		0.30	%		1.85	%		0.23	%		1.80	%
2023		8.83		10.71		2,358,811		21,506,403		0.00	%		0.30	%		1.85	%		3.80	%		5.42	%
2022		8.51		9.60		914,805		7,883,500		0.00	%		0.30	%		1.85	%		(14.36	)%		(13.63	)%
11/03/2021 - 12/31/2021		9.97		9.98		96,614		963,964		0.00	%		0.30	%		1.60	%		(0.12	)%		(0.12	)%
Managed Bond Class I
2024	$	9.13	$	25.42		19,826,118	$	288,415,450		0.00	%		0.30	%		2.00	%		0.65	%		2.39	%
2023		8.99		25.10		19,799,408		289,282,431		0.00	%		0.30	%		2.00	%		4.45	%		6.23	%
2022		8.54		23.89		20,838,582		293,086,505		0.00	%		0.30	%		2.00	%		(15.72	)%		(14.28	)%
2021		10.74		28.18		23,360,988		391,987,013		0.00	%		0.30	%		2.00	%		(3.09	)%		(1.43	)%
2020		11.07		28.90		22,834,095		403,577,841		0.00	%		0.30	%		2.00	%		6.20	%		8.02	%
Short Duration Bond Class I
2024	$	9.62	$	13.72		26,874,316	$	291,381,056		0.00	%		0.30	%		2.00	%		2.78	%		4.55	%
2023		9.35		13.14		28,047,912		292,996,088		0.00	%		0.30	%		2.00	%		2.80	%		4.56	%
2022		9.07		12.58		30,813,210		310,345,111		0.00	%		0.30	%		2.00	%		(6.46	)%		(4.86	)%
2021		9.68		13.23		34,516,572		368,495,538		0.00	%		0.30	%		2.00	%		(2.42	)%		(0.75	)%
2020		9.90		13.35		33,138,939		359,491,780		0.00	%		0.30	%		2.00	%		1.68	%		3.42	%

SA-97

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

Emerging Markets Debt Class I
2024	$	9.86	$	12.90		1,101,171	$	12,369,212		0.00	%		0.30	%		2.00	%		4.76	%		6.56	%
2023		9.39		12.11		1,161,936		12,354,722		0.00	%		0.30	%		2.00	%		10.13	%		12.02	%
2022		8.51		10.83		1,318,192		12,528,823		0.00	%		0.30	%		2.00	%		(11.06	)%		(9.54	)%
2021		9.55		11.98		1,621,000		17,267,388		0.00	%		0.30	%		2.00	%		(7.98	)%		(6.40	)%
2020		10.36		12.81		1,580,511		18,134,828		0.00	%		0.30	%		2.00	%		(0.26	)%		1.45	%
Dividend Growth Class I
2024	$	12.35	$	52.45		17,898,168	$	504,917,865		0.00	%		0.30	%		2.00	%		10.99	%		12.90	%
2023		11.05		46.50		16,028,749		460,667,518		0.00	%		0.30	%		2.00	%		11.08	%		12.98	%
2022		9.93		41.20		14,678,660		417,480,008		0.00	%		0.30	%		2.00	%		(12.26	)%		(10.76	)%
2021		11.21		46.21		14,573,292		485,107,198		0.00	%		0.30	%		2.00	%		23.31	%		25.42	%
2020		15.73		36.88		14,379,140		392,591,032		0.00	%		0.30	%		2.00	%		11.19	%		13.10	%
Equity Index Class I
2024	$	13.86	$	99.29		72,108,071	$	2,070,647,651		0.00	%		0.30	%		2.00	%		22.18	%		24.29	%
2023		11.26		80.78		52,937,977		1,578,887,432		0.00	%		0.30	%		2.00	%		23.45	%		25.56	%
2022		9.13		65.04		48,691,993		1,298,658,388		0.00	%		0.30	%		2.00	%		(19.93	)%		(18.55	)%
2021		11.33		80.74		47,333,159		1,630,463,464		0.00	%		0.30	%		2.00	%		25.83	%		27.99	%
2020		16.13		63.79		42,907,290		1,207,544,897		0.00	%		0.30	%		2.00	%		15.77	%		17.76	%
Focused Growth Class I
2024	$	12.42	$	120.07		9,418,387	$	313,241,523		0.00	%		0.30	%		2.00	%		25.40	%		27.56	%
2023		9.92		94.22		6,401,150		229,957,026		0.00	%		0.30	%		2.00	%		35.24	%		37.55	%
2022		7.27		68.57		5,455,323		167,698,636		0.00	%		0.30	%		2.00	%		(35.11	)%		(34.00	)%
2021		11.10		103.99		5,423,820		266,598,139		0.00	%		0.30	%		2.00	%		17.41	%		19.43	%
2020		22.24		87.16		5,161,793		219,367,794		0.00	%		0.30	%		2.00	%		35.56	%		37.88	%
Growth Class I
2024	$	13.60	$	129.10		11,311,160	$	504,031,494		0.00	%		0.30	%		2.00	%		29.20	%		31.42	%
2023		10.46		99.33		8,765,086		386,397,396		0.00	%		0.30	%		2.00	%		32.87	%		35.14	%
2022		7.86		74.31		7,706,459		295,380,893		0.00	%		0.30	%		2.00	%		(32.57	)%		(31.42	)%
2021		11.54		109.55		7,711,223		454,798,690		0.00	%		0.30	%		2.00	%		20.98	%		23.05	%
2020		21.12		90.01		7,677,598		386,224,796		0.00	%		0.30	%		2.00	%		28.96	%		31.17	%
Hedged Equity Class I
2024	$	12.30	$	13.41		27,315,721	$	347,338,488		0.00	%		0.30	%		2.00	%		15.53	%		17.52	%
2023		10.65		11.49		20,780,266		226,718,859		0.00	%		0.30	%		2.00	%		13.46	%		15.34	%
2022		9.40		10.03		12,776,603		121,716,044		0.00	%		0.30	%		1.95	%		(9.63	)%		(8.22	)%
05/04/2021 - 12/31/2021		10.42		10.53		3,532,181		36,962,504		0.00	%		0.30	%		1.85	%		4.54	%		4.54	%
Hedged Equity Class P
2024	$	12.80	$	12.87		367,683	$	4,724,398		0.00	%		0.45	%		0.60	%		17.40	%		17.58	%
2023		10.90		10.94		241,279		2,639,046		0.00	%		0.45	%		0.60	%		15.40	%		15.40	%
2022		9.48		9.48		162,474		1,540,599		0.00	%		0.45	%		0.45	%		(8.18	)%		(8.18	)%
08/13/2021 - 12/31/2021		10.33		10.33		11,221		115,873		0.00	%		0.45	%		0.45	%		1.89	%		1.89	%
Large-Cap Core Class I
2024	$	13.31	$	72.76		8,479,147	$	323,335,845		0.00	%		0.30	%		2.00	%		21.49	%		23.59	%
2023		10.88		59.53		7,087,396		268,648,298		0.00	%		0.30	%		2.00	%		24.55	%		26.68	%
2022		9.96		47.51		6,807,796		227,087,139		0.00	%		0.30	%		2.00	%		(22.18	)%		(20.85	)%
2021		20.72		60.69		7,312,586		317,067,817		0.00	%		0.30	%		2.00	%		25.23	%		27.38	%
2020		16.30		48.17		8,154,980		283,532,001		0.00	%		0.30	%		2.00	%		11.68	%		13.59	%
Large-Cap Growth Class I
2024	$	12.83	$	68.27		8,617,832	$	301,291,702		0.00	%		0.30	%		2.00	%		27.38	%		29.58	%
2023		9.98		52.92		8,226,437		258,438,334		0.00	%		0.30	%		2.00	%		42.25	%		44.68	%
2022		9.17		36.74		8,517,159		194,888,783		0.00	%		0.30	%		2.00	%		(39.13	)%		(38.09	)%
2021		25.38		59.61		8,739,074		328,630,649		0.00	%		0.30	%		2.00	%		17.89	%		19.91	%
2020		21.42		49.94		9,264,727		292,565,788		0.00	%		0.30	%		2.00	%		35.61	%		37.93	%
Large-Cap Plus Bond Alpha Class I (5)
11/27/2024 - 12/31/2024	$	10.24	$	10.24		382	$	3,910		0.00	%		1.10	%		1.60	%		(2.22	)%		(2.22	)%
Large-Cap Value Class I
2024	$	11.69	$	44.54		9,411,720	$	249,427,464		0.00	%		0.30	%		2.00	%		5.82	%		7.64	%
2023		10.97		41.42		8,953,459		247,326,651		0.00	%		0.30	%		2.00	%		12.64	%		14.57	%
2022		9.68		36.24		9,393,789		239,660,488		0.00	%		0.30	%		2.00	%		(8.48	)%		(6.91	)%
2021		10.53		39.36		8,847,030		256,269,837		0.00	%		0.30	%		2.00	%		23.62	%		25.74	%
2020		12.91		31.65		8,251,342		200,560,402		0.00	%		0.30	%		2.00	%		3.77	%		5.55	%

SA-98

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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 Growth Class I
2024	$	8.95	$	44.32		11,298,405	$	290,043,210		0.00	%		0.30	%		2.00	%		0.44	%		2.17	%
2023		8.85		43.58		9,735,449		287,474,071		0.00	%		0.30	%		2.00	%		17.26	%		19.26	%
2022		7.53		36.70		9,155,547		247,780,894		0.00	%		0.30	%		2.00	%		(32.10	)%		(30.93	)%
2021		11.00		53.38		9,226,331		368,344,471		0.00	%		0.30	%		2.00	%		14.36	%		16.32	%
2020		23.82		46.10		9,767,687		341,825,807		0.00	%		0.30	%		2.00	%		47.17	%		49.69	%
Mid-Cap Plus Bond Alpha Class I
2024	$	10.72	$	70.52		8,210,846	$	253,383,449		0.00	%		0.30	%		2.00	%		12.66	%		14.60	%
2023		9.46		62.22		6,551,245		220,028,998		0.00	%		0.30	%		2.00	%		13.07	%		15.00	%
2022		8.31		54.70		6,835,391		211,893,276		0.00	%		0.30	%		2.00	%		(18.89	)%		(17.50	)%
2021		17.89		67.03		6,728,833		265,451,633		0.00	%		0.30	%		2.00	%		14.10	%		16.05	%
2020		15.60		58.40		6,443,675		234,858,057		0.00	%		0.30	%		2.00	%		24.99	%		27.13	%
Mid-Cap Value Class I
2024	$	11.66	$	54.36		5,600,885	$	136,990,048		0.00	%		0.30	%		2.00	%		8.11	%		9.97	%
2023		10.72		49.48		4,558,144		116,846,380		0.00	%		0.30	%		2.00	%		14.09	%		16.04	%
2022		9.39		42.68		4,211,163		101,437,822		0.00	%		0.30	%		2.00	%		(9.10	)%		(7.54	)%
2021		10.22		46.21		4,453,627		120,534,150		0.00	%		0.30	%		2.00	%		24.52	%		26.65	%
2020		13.39		36.52		3,812,231		85,401,943		0.00	%		0.30	%		2.00	%		3.43	%		5.20	%
QQQ Plus Bond Alpha Class I (5)
11/12/2024 - 12/31/2024	$	10.44	$	10.47		255,353	$	2,668,366		0.00	%		0.30	%		1.60	%		(0.61	)%		(0.61	)%
Small-Cap Equity Class I
2024	$	10.10	$	48.54		2,936,301	$	66,236,231		0.00	%		0.30	%		2.00	%		7.51	%		9.37	%
2023		9.34		44.42		2,845,253		64,364,454		0.00	%		0.30	%		2.00	%		10.74	%		12.63	%
2022		8.43		39.48		2,731,229		58,278,803		0.00	%		0.30	%		2.00	%		(14.64	)%		(13.18	)%
2021		9.77		45.52		2,919,437		73,712,345		0.00	%		0.30	%		2.00	%		23.96	%		26.08	%
2020		12.53		36.14		2,628,838		54,784,251		0.00	%		0.30	%		2.00	%		3.33	%		5.10	%
Small-Cap Growth Class I
2024	$	7.89	$	38.54		5,169,292	$	127,195,135		0.00	%		0.30	%		2.00	%		4.43	%		6.23	%
2023		7.51		36.32		4,820,542		122,470,131		0.00	%		0.30	%		2.00	%		11.94	%		13.86	%
2022		6.70		31.93		4,818,532		112,684,447		0.00	%		0.30	%		2.00	%		(31.31	)%		(30.13	)%
2021		9.66		45.75		4,472,937		152,924,932		0.00	%		0.30	%		2.00	%		(0.32	)%		1.39	%
2020		24.95		45.17		4,452,222		155,145,306		0.00	%		0.30	%		2.00	%		52.50	%		55.11	%
Small-Cap Index Class I
2024	$	9.53	$	49.74		13,282,416	$	297,769,129		0.00	%		0.30	%		2.00	%		8.63	%		10.50	%
2023		8.74		45.06		10,895,687		253,807,679		0.00	%		0.30	%		2.00	%		13.91	%		15.85	%
2022		7.61		38.93		10,299,941		223,773,824		0.00	%		0.30	%		2.00	%		(22.43	)%		(21.10	)%
2021		9.74		49.39		10,483,466		297,353,955		0.00	%		0.30	%		2.00	%		11.98	%		13.89	%
2020		14.02		43.41		10,160,705		265,843,742		0.00	%		0.30	%		2.00	%		16.80	%		18.80	%
Small-Cap Plus Bond Alpha Class I (5)
11/08/2024 - 12/31/2024	$	10.07	$	10.07		5,000	$	50,353		0.00	%		1.20	%		1.40	%		(7.28	)%		(7.28	)%
Small-Cap Value Class I
2024	$	8.96	$	68.12		4,324,481	$	104,327,505		0.00	%		0.30	%		2.00	%		4.07	%		5.86	%
2023		8.56		64.41		4,345,925		110,847,444		0.00	%		0.30	%		2.00	%		5.40	%		7.21	%
2022		8.11		60.14		4,332,834		108,567,265		0.00	%		0.30	%		2.00	%		(18.45	)%		(17.06	)%
2021		9.85		72.59		4,636,206		146,262,895		0.00	%		0.30	%		2.00	%		32.92	%		35.20	%
2020		11.08		53.74		4,325,214		108,118,275		0.00	%		0.30	%		2.00	%		1.39	%		3.13	%
Value Class I
2024	$	11.53	$	34.93		6,320,991	$	152,924,503		0.00	%		0.30	%		2.00	%		7.95	%		9.81	%
2023		10.61		31.84		6,909,276		159,050,663		0.00	%		0.30	%		2.00	%		1.72	%		3.46	%
2022		10.32		30.80		7,848,410		177,385,602		0.00	%		0.30	%		2.00	%		(2.50	)%		(0.83	)%
2021		10.47		31.09		7,952,289		187,762,796		0.00	%		0.30	%		2.00	%		19.24	%		21.28	%
2020		11.16		25.66		8,856,167		176,480,230		0.00	%		0.30	%		2.00	%		(8.78	)%		(7.22	)%
Value Advantage Class I
2024	$	12.11	$	28.54		4,022,859	$	90,748,587		0.00	%		0.30	%		2.00	%		14.19	%		16.15	%
2023		10.54		24.60		3,927,357		82,090,911		0.00	%		0.30	%		2.00	%		7.44	%		9.28	%
2022		10.46		22.53		4,430,519		89,631,172		0.00	%		0.30	%		2.00	%		(5.96	)%		(4.35	)%
2021		16.42		23.58		3,571,733		77,360,557		0.00	%		0.30	%		2.00	%		25.98	%		28.14	%
2020		12.84		18.42		2,729,163		46,722,273		0.00	%		0.30	%		2.00	%		(4.70	)%		(3.07	)%

SA-99

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

Emerging Markets Class I
2024	$	6.53	$	67.09		8,690,152	$	131,893,286		0.00	%		0.30	%		2.00	%		(3.49	)%		(1.82	)%
2023		6.79		68.40		9,100,644		146,028,182		0.00	%		0.30	%		2.00	%		6.80	%		8.63	%
2022		6.29		63.03		9,163,589		140,559,979		0.00	%		0.30	%		2.00	%		(26.75	)%		(25.50	)%
2021		8.50		84.69		8,603,856		184,146,175		0.00	%		0.30	%		2.00	%		(10.10	)%		(8.56	)%
2020		14.16		92.71		8,202,236		204,655,526		0.00	%		0.30	%		2.00	%		15.00	%		16.98	%
International Equity Plus Bond Alpha Class I (5)
11/22/2024 - 12/31/2024	$	9.70	$	9.70		1,478	$	14,335		0.00	%		0.30	%		1.40	%		(0.65	)%		(0.65	)%
International Growth Class I
2024	$	8.90	$	12.56		821,510	$	8,760,848		0.00	%		0.30	%		1.95	%		5.31	%		7.07	%
2023		8.40		11.79		382,358		3,565,576		0.00	%		0.30	%		1.95	%		11.77	%		13.39	%
2022		7.54		10.48		203,289		1,570,294		0.00	%		0.30	%		1.75	%		(22.90	)%		(21.77	)%
11/02/2021 - 12/31/2021		9.79		9.81		43,783		429,164		0.00	%		0.30	%		1.75	%		(2.00	)%		(2.00	)%
International Large-Cap Class I
2024	$	10.41	$	37.98		11,985,114	$	243,334,028		0.00	%		0.30	%		2.00	%		1.61	%		3.36	%
2023		10.18		36.79		12,446,765		252,795,503		0.00	%		0.30	%		2.00	%		16.31	%		18.30	%
2022		8.71		31.13		13,611,310		239,865,257		0.00	%		0.30	%		2.00	%		(16.87	)%		(15.45	)%
2021		10.40		36.85		13,989,831		295,626,098		0.00	%		0.30	%		2.00	%		12.51	%		14.43	%
2020		13.97		32.23		14,339,332		270,337,837		0.00	%		0.30	%		2.00	%		8.55	%		10.41	%
International Small-Cap Class I
2024	$	8.96	$	22.83		2,208,121	$	33,363,311		0.00	%		0.30	%		2.00	%		(2.95	)%		(1.28	)%
2023		11.99		23.23		2,311,868		36,243,307		0.00	%		0.30	%		2.00	%		14.92	%		16.88	%
2022		10.39		19.97		2,513,634		34,142,442		0.00	%		0.30	%		2.00	%		(18.73	)%		(17.34	)%
2021		13.16		24.26		2,625,882		43,597,347		0.00	%		0.30	%		2.00	%		11.62	%		13.53	%
2020		11.71		21.47		2,805,711		41,343,803		0.00	%		0.30	%		2.00	%		6.27	%		8.10	%
International Value Class I
2024	$	9.45	$	19.79		7,674,294	$	121,046,844		0.00	%		0.30	%		2.00	%		1.82	%		3.58	%
2023		9.27		19.13		7,929,402		122,441,200		0.00	%		0.30	%		2.00	%		17.83	%		19.85	%
2022		7.87		15.97		8,564,092		111,618,105		0.00	%		0.30	%		2.00	%		(3.22	)%		(1.56	)%
2021		8.12		16.24		8,967,932		120,222,276		0.00	%		0.30	%		2.00	%		17.98	%		20.00	%
2020		6.88		13.55		9,146,865		104,401,238		0.00	%		0.30	%		2.00	%		(9.01	)%		(7.45	)%
Health Sciences Class I
2024	$	9.42	$	100.41		7,304,618	$	251,218,246		0.00	%		0.30	%		2.00	%		1.96	%		3.72	%
2023		10.20		96.90		7,121,266		272,537,490		0.00	%		0.30	%		2.00	%		1.38	%		3.11	%
2022		10.06		94.07		6,978,977		290,035,336		0.00	%		0.30	%		2.00	%		(7.67	)%		(6.09	)%
2021		10.79		100.27		7,368,699		343,506,288		0.00	%		0.30	%		2.00	%		10.16	%		12.05	%
2020		17.10		89.57		7,254,306		319,284,574		0.00	%		0.30	%		2.00	%		16.43	%		18.43	%
Real Estate Class I
2024	$	9.82	$	72.16		3,651,762	$	99,670,691		0.00	%		0.30	%		2.00	%		5.37	%		7.19	%
2023		10.32		68.07		4,108,484		108,030,969		0.00	%		0.30	%		2.00	%		10.78	%		12.67	%
2022		9.27		61.08		4,308,652		104,649,198		0.00	%		0.30	%		2.00	%		(27.11	)%		(25.86	)%
2021		16.07		83.30		4,819,847		161,408,914		0.00	%		0.30	%		2.00	%		37.55	%		39.90	%
2020		12.54		60.20		4,888,497		124,841,396		0.00	%		0.30	%		2.00	%		(5.19	)%		(3.57	)%
Technology Class I
2024	$	10.51	$	50.44		9,050,561	$	304,782,351		0.00	%		0.30	%		2.00	%		34.71	%		37.03	%
2023		10.46		37.35		8,121,945		227,480,772		0.00	%		0.30	%		2.00	%		50.65	%		53.22	%
2022		6.88		24.73		7,575,806		147,240,460		0.00	%		0.30	%		2.00	%		(37.33	)%		(36.25	)%
2021		10.87		39.36		7,458,120		230,161,585		0.00	%		0.30	%		2.00	%		11.61	%		13.52	%
2020		17.05		35.18		7,706,962		208,731,278		0.00	%		0.30	%		2.00	%		44.33	%		46.80	%
ESG Diversified Class I
2024	$	10.75	$	12.68		2,388,828	$	26,624,058		0.00	%		0.30	%		2.00	%		9.94	%		11.84	%
2023		9.78		11.42		2,105,604		21,077,463		0.00	%		0.30	%		2.00	%		13.67	%		15.44	%
2022		8.61		9.96		977,900		8,536,826		0.00	%		0.30	%		1.85	%		(18.04	)%		(16.84	)%
05/17/2021 - 12/31/2021		10.42		10.66		458,078		4,850,097		0.00	%		0.30	%		1.75	%		6.49	%		6.49	%
ESG Diversified Class P (5)
10/17/2024 - 12/31/2024	$	11.18	$	11.18		8,120	$	90,783		0.00	%		0.60	%		0.60	%		(1.37	)%		(1.37	)%
01/01/2023 - 04/21/2023		9.15		9.15		-		-		0.00	%		0.45	%		0.45	%		5.24	%		5.24	%
12/07/2022 - 12/31/2022		8.70		8.70		52,658		457,958		0.00	%		0.45	%		0.45	%		(2.05	)%		(2.05	)%
ESG Diversified Growth Class I
2024	$	10.41	$	13.14		306,832	$	3,677,505		0.00	%		0.30	%		1.85	%		11.78	%		13.54	%
2023		9.31		11.67		147,295		1,458,757		0.00	%		0.30	%		1.85	%		15.74	%		17.31	%
2022		8.08		10.03		98,168		817,907		0.00	%		0.30	%		1.65	%		(19.06	)%		(18.49	)%
11/16/2021 - 12/31/2021		10.04		10.05		22,864		229,580		0.00	%		0.50	%		1.20	%		(0.57	)%		(0.57	)%

SA-100

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

ESG Diversified Growth Class P
2024	$	12.47	$	12.47		4,377	$	54,570		0.00	%		0.45	%		0.45	%		13.60	%		13.60	%
2023		10.98		10.98		4,693		51,515		0.00	%		0.45	%		0.45	%		17.37	%		17.37	%
09/28/2022 - 12/31/2022		9.35		9.35		2,201		20,588		0.00	%		0.45	%		0.45	%		5.38	%		5.38	%
PSF Avantis Balanced Allocation Class D
2024	$	10.92	$	17.59		18,849,181	$	289,370,695		0.00	%		0.30	%		2.00	%		9.32	%		11.21	%
2023		9.91		15.83		21,287,358		301,972,559		0.00	%		0.30	%		2.00	%		11.58	%		13.49	%
2022		8.78		13.96		23,391,029		298,038,547		0.00	%		0.30	%		2.00	%		(16.67	)%		(15.25	)%
2021		10.97		16.49		23,751,181		366,915,479		0.00	%		0.30	%		2.00	%		10.27	%		12.16	%
2020		12.90		14.72		20,364,483		287,800,621		0.00	%		0.30	%		2.00	%		9.89	%		11.77	%
PSF Avantis Balanced Allocation Class P
2024	$	11.72	$	11.72		169,188	$	1,982,515		0.00	%		0.45	%		0.45	%		11.32	%		11.32	%
2023		10.53		10.53		180,635		1,901,469		0.00	%		0.45	%		0.45	%		13.60	%		13.60	%
2022		9.27		9.27		192,749		1,786,007		0.00	%		0.45	%		0.45	%		(15.16	)%		(15.16	)%
06/25/2021 - 12/31/2021		10.92		10.92		147,178		1,607,448		0.00	%		0.45	%		0.45	%		4.00	%		4.00	%
Pacific Dynamix - Conservative Growth Class I
2024	$	10.27	$	24.59		24,352,134	$	401,451,893		0.00	%		0.30	%		2.00	%		6.38	%		8.21	%
2023		9.55		22.75		27,522,993		426,999,334		0.00	%		0.30	%		2.00	%		9.48	%		11.35	%
2022		8.81		20.45		31,221,950		447,596,518		0.00	%		0.30	%		2.00	%		(16.07	)%		(14.63	)%
2021		10.42		23.98		33,393,733		574,372,129		0.00	%		0.30	%		2.00	%		4.34	%		6.12	%
2020		12.68		22.62		34,235,499		566,126,949		0.00	%		0.30	%		2.00	%		9.99	%		11.88	%
Pacific Dynamix - Conservative Growth Class P
2024	$	10.66	$	10.73		112,988	$	1,207,067		0.00	%		0.45	%		0.60	%		8.10	%		8.26	%
2023		9.86		9.91		148,609		1,468,953		0.00	%		0.45	%		0.60	%		11.24	%		11.40	%
2022		8.87		8.89		181,540		1,612,087		0.00	%		0.45	%		0.60	%		(14.59	)%		(14.59	)%
08/13/2021 - 12/31/2021		10.41		10.41		7,555		78,662		0.00	%		0.45	%		0.45	%		0.74	%		0.74	%
Pacific Dynamix - Moderate Growth Class I
2024	$	10.72	$	32.12		120,109,754	$	2,220,681,483		0.00	%		0.30	%		2.00	%		9.89	%		11.79	%
2023		9.69		28.76		130,199,517		2,243,812,569		0.00	%		0.30	%		2.00	%		12.77	%		14.70	%
2022		8.58		25.10		136,624,336		2,142,087,307		0.00	%		0.30	%		2.00	%		(17.36	)%		(15.95	)%
2021		10.29		29.89		139,849,234		2,700,163,391		0.00	%		0.30	%		2.00	%		8.43	%		10.29	%
2020		13.22		27.13		136,145,159		2,492,898,271		0.00	%		0.30	%		2.00	%		12.31	%		14.24	%
Pacific Dynamix - Moderate Growth Class P
2024	$	11.47	$	11.53		162,429	$	1,871,141		0.00	%		0.45	%		0.60	%		11.67	%		11.84	%
2023		10.27		10.31		84,281		867,645		0.00	%		0.45	%		0.60	%		14.58	%		14.76	%
2022		8.96		8.99		61,197		549,060		0.00	%		0.45	%		0.60	%		(16.03	)%		(16.03	)%
09/09/2021 - 12/31/2021		10.67		10.67		17,514		186,894		0.00	%		0.60	%		0.60	%		0.93	%		0.93	%
Pacific Dynamix - Growth Class I
2024	$	11.18	$	40.06		71,031,647	$	1,629,887,559		0.00	%		0.30	%		2.00	%		11.63	%		13.55	%
2023		9.95		35.31		77,184,354		1,600,227,493		0.00	%		0.30	%		2.00	%		14.67	%		16.63	%
2022		10.09		30.30		79,846,588		1,451,741,930		0.00	%		0.30	%		2.00	%		(18.34	)%		(16.94	)%
2021		15.78		36.52		70,654,915		1,595,184,020		0.00	%		0.30	%		2.00	%		12.07	%		13.99	%
2020		14.01		32.07		52,279,480		1,095,441,256		0.00	%		0.30	%		2.00	%		13.50	%		15.44	%
Pacific Dynamix - Growth Class P
2024	$	11.98	$	12.05		322,389	$	3,882,699		0.00	%		0.45	%		0.60	%		13.61	%		13.61	%
2023		10.60		10.60		357,396		3,789,935		0.00	%		0.45	%		0.45	%		16.69	%		16.69	%
2022		9.09		9.09		90,287		820,481		0.00	%		0.45	%		0.45	%		(16.89	)%		(16.89	)%
02/19/2021 - 12/31/2021		10.93		10.93		21,700		237,290		0.00	%		0.45	%		0.45	%		9.07	%		9.07	%
Pacific Dynamix - Aggressive Growth Class I (5)
05/17/2024 - 12/31/2024	$	11.04	$	11.16		359,413	$	3,988,826		0.00	%		0.30	%		1.95	%		5.46	%		5.46	%
Portfolio Optimization Conservative Class I
2024	$	9.74	$	15.05		67,872,242	$	866,018,385		0.00	%		0.30	%		2.00	%		4.26	%		6.06	%
2023		9.28		14.20		79,267,462		966,656,072		0.00	%		0.30	%		2.00	%		7.07	%		8.90	%
2022		8.60		13.06		92,539,434		1,049,691,691		0.00	%		0.30	%		2.00	%		(15.37	)%		(13.92	)%
2021		10.10		15.18		101,360,739		1,358,240,285		0.00	%		0.30	%		2.00	%		0.18	%		1.90	%
2020		11.66		14.92		115,277,984		1,534,716,340		0.00	%		0.30	%		2.00	%		5.75	%		7.56	%
Portfolio Optimization Moderate-Conservative Class I
2024	$	9.98	$	17.78		84,393,003	$	1,283,065,474		0.00	%		0.30	%		2.00	%		6.25	%		8.09	%
2023		9.43		16.47		97,836,295		1,396,229,421		0.00	%		0.30	%		2.00	%		8.87	%		10.73	%
2022		8.57		14.89		112,884,194		1,475,099,723		0.00	%		0.30	%		2.00	%		(16.59	)%		(15.16	)%
2021		10.44		17.57		128,206,662		2,000,947,661		0.00	%		0.30	%		2.00	%		4.18	%		5.96	%
2020		12.29		16.60		143,065,548		2,134,143,003		0.00	%		0.30	%		2.00	%		7.79	%		9.64	%

SA-101

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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 Moderate Class I
2024	$	10.60	$	21.01		335,388,596	$	5,965,874,413		0.00	%		0.30	%		2.00	%		9.00	%		10.88	%
2023		9.63		19.03		387,315,028		6,307,581,493		0.00	%		0.30	%		2.00	%		11.63	%		13.54	%
2022		8.55		16.84		438,793,672		6,383,985,804		0.00	%		0.30	%		2.00	%		(17.38	)%		(15.97	)%
2021		10.25		20.13		491,458,484		8,618,931,342		0.00	%		0.30	%		2.00	%		7.02	%		8.85	%
2020		12.62		18.57		548,864,454		8,961,811,838		0.00	%		0.30	%		2.00	%		9.61	%		11.49	%
Portfolio Optimization Growth Class I
2024	$	10.62	$	23.99		279,231,374	$	5,534,361,114		0.00	%		0.30	%		2.00	%		9.14	%		11.03	%
2023		9.63		21.71		320,817,888		5,805,877,531		0.00	%		0.30	%		2.00	%		12.19	%		14.11	%
2022		8.51		19.11		358,621,932		5,762,258,741		0.00	%		0.30	%		2.00	%		(18.52	)%		(17.13	)%
2021		10.34		23.16		395,660,358		7,766,098,564		0.00	%		0.30	%		2.00	%		10.88	%		12.78	%
2020		14.62		20.63		439,483,300		7,748,073,547		0.00	%		0.30	%		2.00	%		10.49	%		12.39	%
Portfolio Optimization Aggressive-Growth Class I
2024	$	10.83	$	26.38		59,241,258	$	1,252,406,722		0.00	%		0.30	%		2.00	%		10.13	%		12.03	%
2023		11.63		23.66		67,046,157		1,284,167,130		0.00	%		0.30	%		2.00	%		13.67	%		15.61	%
2022		10.18		20.55		74,256,762		1,245,655,008		0.00	%		0.30	%		2.00	%		(19.14	)%		(17.75	)%
2021		15.35		25.10		81,124,035		1,675,735,514		0.00	%		0.30	%		2.00	%		13.39	%		15.34	%
2020		13.47		21.86		89,683,364		1,627,065,563		0.00	%		0.30	%		2.00	%		10.23	%		12.12	%
Invesco Oppenheimer V.I. International Growth Series I
2024	$	9.00	$	9.05		16,495	$	149,213		0.98	%		0.45	%		0.60	%		(2.11	)%		(2.11	)%
2023		9.25		9.25		1,821		16,843		0.61	%		0.45	%		0.45	%		20.52	%		20.52	%
2022		7.67		7.67		1,821		13,976		0.00	%		0.45	%		0.45	%		(27.46	)%		(27.46	)%
09/14/2021 - 12/31/2021		10.58		10.58		1,831		19,372		0.00	%		0.45	%		0.45	%		(4.10	)%		(4.10	)%
Invesco Oppenheimer V.I. International Growth Series II
2024	$	8.56	$	15.03		1,605,246	$	20,609,419		0.37	%		0.30	%		2.00	%		(3.77	)%		(2.11	)%
2023		8.83		15.35		1,494,252		20,059,700		0.31	%		0.30	%		2.00	%		18.26	%		20.28	%
2022		7.39		12.76		1,501,782		16,951,821		0.00	%		0.30	%		2.00	%		(28.61	)%		(27.38	)%
2021		10.24		17.57		1,482,842		23,274,851		0.00	%		0.30	%		2.00	%		7.94	%		9.79	%
2020		13.64		16.01		1,294,995		18,636,307		0.66	%		0.30	%		2.00	%		18.65	%		20.68	%
Invesco V.I. American Value Series I
2024	$	17.17	$	17.27		62,793	$	1,083,738		0.64	%		0.45	%		0.60	%		29.63	%		29.82	%
2023		13.24		13.30		4,085		54,132		0.67	%		0.45	%		0.60	%		14.91	%		14.91	%
06/14/2022 - 12/31/2022		11.53		11.53		3,682		42,439		1.45	%		0.60	%		0.60	%		8.86	%		8.86	%
Invesco V.I. Balanced-Risk Allocation Series I
2024	$	9.82	$	9.87		32,407	$	319,935		8.93	%		0.45	%		0.60	%		3.25	%		3.41	%
2023		9.51		9.55		11,297		107,836		0.00	%		0.45	%		0.60	%		6.16	%		6.16	%
2022		8.99		8.99		13,320		119,801		16.06	%		0.45	%		0.45	%		(14.74	)%		(14.74	)%
06/18/2021 - 12/31/2021		10.55		10.55		2,210		23,313		5.92	%		0.45	%		0.45	%		3.27	%		3.27	%
Invesco V.I. Balanced-Risk Allocation Series II
2024	$	9.29	$	24.42		15,956,508	$	233,511,197		5.73	%		0.30	%		2.00	%		1.50	%		3.25	%
2023		9.06		23.68		17,549,263		258,104,658		0.00	%		0.30	%		2.00	%		4.30	%		6.08	%
2022		8.94		22.34		20,395,509		295,319,915		7.59	%		0.30	%		2.00	%		(16.21	)%		(14.77	)%
2021		10.60		26.24		17,862,609		314,671,401		2.97	%		0.30	%		2.00	%		7.10	%		8.93	%
2020		12.03		24.11		18,600,508		314,909,858		7.66	%		0.30	%		2.00	%		7.81	%		9.66	%
Invesco V.I. Discovery Mid Cap Growth Series I
2024	$	10.38	$	10.44		19,269	$	201,145		0.00	%		0.45	%		0.60	%		23.48	%		23.67	%
2023		8.41		8.44		12,491		105,376		0.00	%		0.45	%		0.60	%		12.48	%		12.64	%
2022		7.48		7.50		11,622		87,060		0.00	%		0.45	%		0.60	%		(31.39	)%		(31.29	)%
06/04/2021 - 12/31/2021		10.90		10.91		2,858		31,140		0.00	%		0.45	%		0.60	%		14.35	%		14.35	%
Invesco V.I. Equity and Income Series II
2024	$	11.33	$	20.20		3,589,728	$	62,118,270		1.63	%		0.30	%		2.00	%		9.68	%		11.57	%
2023		10.23		18.13		3,357,286		54,317,104		1.70	%		0.30	%		2.00	%		8.06	%		9.91	%
2022		10.40		16.51		3,539,176		54,004,557		1.43	%		0.30	%		2.00	%		(9.54	)%		(7.99	)%
2021		14.20		17.96		3,608,905		60,323,270		1.63	%		0.30	%		2.00	%		16.01	%		18.00	%
2020		12.18		15.24		3,865,857		55,228,668		2.23	%		0.30	%		2.00	%		7.48	%		9.32	%
Invesco V.I. EQV International Equity Series I
2024	$	9.61	$	9.61		50,600	$	486,040		2.81	%		0.45	%		0.45	%		0.16	%		0.16	%
05/26/2023 - 12/31/2023		9.59		9.59		1,129		10,824		0.41	%		0.45	%		0.45	%		6.73	%		6.73	%
08/15/2022 - 09/16/2022		7.71		7.71		-		-		0.00	%		0.45	%		0.45	%		(8.89	)%		(8.89	)%

SA-102

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

Invesco V.I. Global Real Estate Series II
2024	$	8.40	$	11.46		844,377	$	8,266,234		2.36	%		0.30	%		1.95	%		(4.01	)%		(2.40	)%
2023		8.70		11.74		873,695		8,824,831		1.25	%		0.30	%		1.95	%		6.73	%		8.50	%
2022		8.07		10.82		852,966		8,005,072		2.63	%		0.30	%		2.00	%		(26.62	)%		(25.37	)%
2021		10.88		14.50		817,251		10,349,102		2.67	%		0.30	%		2.00	%		22.96	%		25.07	%
2020		9.73		11.59		776,994		7,940,183		4.78	%		0.30	%		2.00	%		(14.30	)%		(12.82	)%
Invesco V.I. Global Series II
2024	$	10.81	$	23.77		1,244,494	$	23,950,774		0.00	%		0.30	%		2.00	%		13.48	%		15.43	%
2023		9.46		20.59		1,326,401		23,747,073		0.00	%		0.30	%		2.00	%		31.79	%		34.04	%
2022		9.74		15.36		1,274,354		17,645,552		0.00	%		0.30	%		2.00	%		(33.28	)%		(32.14	)%
2021		19.46		22.64		1,320,434		27,219,534		0.00	%		0.30	%		2.00	%		12.89	%		14.83	%
2020		17.12		19.72		1,257,546		22,746,069		0.43	%		0.30	%		2.00	%		24.82	%		26.96	%
Invesco V.I. Main Street Small Cap Fund Series I
2024	$	11.93	$	12.00		95,710	$	1,145,407		0.00	%		0.45	%		0.60	%		12.01	%		12.18	%
2023		10.65		10.69		46,772		499,573		1.25	%		0.45	%		0.60	%		17.42	%		17.60	%
2022		9.07		9.09		82,118		745,324		1.09	%		0.45	%		0.60	%		(16.34	)%		(16.21	)%
08/12/2021 - 12/31/2021		10.84		10.85		5,823		63,182		1.00	%		0.45	%		0.60	%		4.05	%		4.05	%
Invesco V.I. Nasdaq 100 Buffer - December Series I
2024	$	10.73	$	10.73		13,554	$	145,408		0.00	%		0.45	%		0.45	%		15.90	%		15.90	%
2023		9.26		9.26		7,690		71,184		0.00	%		0.45	%		0.45	%		22.83	%		22.83	%
03/14/2022 - 12/31/2022		7.54		7.54		1,557		11,733		0.00	%		0.45	%		0.45	%		(12.80	)%		(12.80	)%
Invesco V.I. Nasdaq 100 Buffer - December Series II
2024	$	10.33	$	13.08		960,633	$	11,145,333		0.00	%		0.30	%		1.50	%		14.43	%		15.82	%
2023		9.03		11.36		539,331		5,072,220		0.00	%		0.30	%		1.50	%		21.35	%		22.81	%
01/03/2022 - 12/31/2022		7.44		9.32		347,498		2,603,201		0.00	%		0.30	%		1.50	%		(25.39	)%		(25.39	)%
Invesco V.I. Nasdaq 100 Buffer - June Series I
2024	$	15.13	$	15.13		38,393	$	581,008		0.00	%		0.45	%		0.45	%		14.30	%		14.30	%
05/18/2023 - 12/31/2023		13.24		13.24		19,181		253,948		0.00	%		0.45	%		0.45	%		13.24	%		13.24	%
Invesco V.I. Nasdaq 100 Buffer - June Series II
2024	$	14.42	$	15.08		784,844	$	11,486,702		0.00	%		0.30	%		1.60	%		12.61	%		14.09	%
2023		12.79		13.22		406,713		5,285,004		0.00	%		0.30	%		1.60	%		34.84	%		35.38	%
07/01/2022 - 12/31/2022		9.50		9.64		316,981		3,054,963		0.00	%		1.10	%		1.50	%		(3.70	)%		(3.56	)%
Invesco V.I. Nasdaq 100 Buffer - March Series I
2024	$	12.64	$	12.64		6,257	$	79,082		0.00	%		0.45	%		0.45	%		14.00	%		14.00	%
2023		11.09		11.09		3,727		41,312		0.00	%		0.45	%		0.45	%		35.87	%		35.87	%
09/02/2022 - 12/31/2022		8.16		8.16		1,513		12,343		0.00	%		0.45	%		0.45	%		(6.34	)%		(6.34	)%
Invesco V.I. Nasdaq 100 Buffer - March Series II
2024	$	12.19	$	14.45		663,258	$	8,696,636		0.00	%		0.30	%		1.50	%		12.48	%		13.84	%
2023		10.83		12.77		618,802		6,837,284		0.00	%		0.30	%		1.80	%		34.14	%		34.54	%
04/01/2022 - 12/31/2022		8.09		9.49		141,942		1,150,241		0.00	%		1.10	%		1.40	%		(18.97	)%		(18.97	)%
Invesco V.I. Nasdaq 100 Buffer - September Series I
2024	$	12.50	$	12.50		4,674	$	58,414		0.00	%		0.45	%		0.45	%		12.75	%		12.75	%
2023		11.08		11.08		1,496		16,583		0.00	%		0.45	%		0.45	%		33.70	%		33.70	%
01/24/2022 - 12/31/2022		8.29		8.29		9,654		80,033		0.00	%		0.45	%		0.45	%		(16.15	)%		(16.15	)%
Invesco V.I. Nasdaq 100 Buffer - September Series II
2024	$	11.90	$	14.01		815,895	$	10,868,049		0.00	%		0.30	%		1.70	%		11.05	%		12.63	%
2023		10.72		12.50		478,730		5,459,628		0.00	%		0.30	%		1.70	%		31.66	%		33.51	%
2022		8.14		9.44		254,767		2,148,370		0.00	%		0.30	%		1.70	%		(22.09	)%		(21.39	)%
10/12/2021 - 12/31/2021		10.52		10.54		45,974		483,609		0.00	%		0.30	%		1.20	%		5.31	%		5.31	%
Invesco V.I. S&P 500 Buffer - December Series I
2024	$	11.92	$	11.92		45,479	$	542,216		0.00	%		0.45	%		0.45	%		13.53	%		13.53	%
05/24/2023 - 12/31/2023		10.50		10.50		33,148		348,103		0.00	%		0.45	%		0.45	%		10.97	%		10.97	%
Invesco V.I. S&P 500 Buffer - December Series II
2024	$	11.40	$	13.43		2,514,209	$	30,764,090		0.00	%		0.30	%		1.70	%		11.80	%		13.38	%
2023		10.20		11.91		1,668,898		17,773,119		0.00	%		0.30	%		1.70	%		17.19	%		18.60	%
01/03/2022 - 12/31/2022		8.74		10.12		939,885		8,251,270		0.00	%		0.30	%		1.50	%		(12.39	)%		(11.61	)%
Invesco V.I. S&P 500 Buffer - June Series I
2024	$	13.65	$	13.65		106,914	$	1,459,228		0.00	%		0.45	%		0.45	%		13.52	%		13.52	%
04/27/2023 - 12/31/2023		12.02		12.02		124,235		1,493,696		0.00	%		0.45	%		0.45	%		12.44	%		12.44	%
Invesco V.I. S&P 500 Buffer - June Series II
2024	$	13.17	$	13.61		2,999,214	$	39,903,788		0.00	%		0.30	%		1.60	%		11.94	%		13.42	%
2023		11.75		12.00		2,160,557		25,579,226		0.00	%		0.30	%		1.60	%		17.18	%		17.65	%
07/01/2022 - 12/31/2022		10.04		10.07		824,362		8,302,382		0.00	%		1.10	%		1.50	%		0.59	%		0.74	%

SA-103

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

Invesco V.I. S&P 500 Buffer - March Series I (5)
03/14/2024 - 12/31/2024	$	12.40	$	12.40		5,470	$	67,797		0.00	%		0.45	%		0.45	%		10.11	%		10.11	%
Invesco V.I. S&P 500 Buffer - March Series II
2024	$	11.93	$	13.59		2,312,963	$	29,661,224		0.00	%		0.30	%		1.60	%		11.25	%		12.71	%
2023		10.72		12.13		1,383,642		15,335,276		0.00	%		0.30	%		1.80	%		18.35	%		19.89	%
04/01/2022 - 12/31/2022		9.06		10.19		1,014,794		9,222,347		0.00	%		0.30	%		1.60	%		(9.38	)%		(8.50	)%
Invesco V.I. S&P 500 Buffer - September Series I
2024	$	12.33	$	12.39		38,039	$	470,980		0.00	%		0.45	%		0.60	%		9.77	%		9.94	%
2023		11.23		11.27		36,956		416,257		0.00	%		0.45	%		0.60	%		19.66	%		19.66	%
2022		9.42		9.42		40,765		383,911		0.00	%		0.45	%		0.45	%		(9.94	)%		(9.94	)%
11/11/2021 - 12/31/2021		10.46		10.46		1,769		18,496		0.00	%		0.45	%		0.45	%		1.12	%		1.12	%
Invesco V.I. S&P 500 Buffer - September Series II
2024	$	11.80	$	13.13		3,993,367	$	50,136,166		0.00	%		0.30	%		1.70	%		8.15	%		9.69	%
2023		10.91		12.04		2,789,195		31,901,756		0.00	%		0.30	%		1.70	%		18.03	%		19.69	%
2022		9.24		10.14		1,329,890		12,496,155		0.00	%		0.30	%		1.70	%		(11.17	)%		(10.01	)%
10/07/2021 - 12/31/2021		10.42		10.45		412,435		4,300,797		0.00	%		0.30	%		1.60	%		3.78	%		3.78	%
Invesco V.I. Technology Series I
2024	$	12.24	$	12.31		168,270	$	2,066,317		0.00	%		0.45	%		0.60	%		33.46	%		33.66	%
2023		9.17		9.21		104,684		961,681		0.00	%		0.45	%		0.60	%		46.07	%		46.29	%
2022		6.28		6.30		82,946		521,325		0.00	%		0.45	%		0.60	%		(40.31	)%		(40.22	)%
06/22/2021 - 12/31/2021		10.52		10.53		13,090		137,846		0.00	%		0.45	%		0.60	%		3.85	%		3.85	%
American Funds IS American High-Income Trust Class 4
2024	$	10.05	$	16.18		5,288,880	$	75,552,021		6.46	%		0.30	%		1.95	%		7.26	%		9.06	%
2023		10.17		14.85		3,923,283		53,400,309		6.44	%		0.30	%		1.95	%		10.02	%		11.85	%
2022		9.17		13.29		3,641,673		45,384,912		7.12	%		0.30	%		1.95	%		(11.28	)%		(9.80	)%
2021		12.44		14.75		3,604,054		50,527,382		4.06	%		0.30	%		1.95	%		6.09	%		7.86	%
2020		11.65		13.69		2,696,891		35,347,472		8.06	%		0.30	%		1.95	%		5.66	%		7.41	%
American Funds IS Asset Allocation Class 1
2024	$	12.74	$	12.81		1,094,033	$	13,988,755		3.16	%		0.45	%		0.60	%		16.03	%		16.21	%
2023		10.98		11.02		629,767		6,931,376		3.38	%		0.45	%		0.60	%		13.86	%		14.03	%
2022		9.64		9.67		291,614		2,815,698		2.79	%		0.45	%		0.60	%		(13.71	)%		(13.58	)%
06/07/2021 - 12/31/2021		11.17		11.19		151,172		1,689,315		3.87	%		0.45	%		0.60	%		4.62	%		4.62	%
American Funds IS Asset Allocation Class 4
2024	$	11.44	$	20.85		222,306,366	$	3,863,986,734		1.98	%		0.30	%		2.00	%		13.80	%		15.76	%
2023		9.98		18.10		223,036,905		3,471,549,541		2.00	%		0.30	%		2.00	%		11.77	%		13.68	%
2022		8.92		15.99		235,781,171		3,329,310,722		1.66	%		0.30	%		2.00	%		(15.37	)%		(13.92	)%
2021		10.44		18.66		243,553,523		4,084,199,482		1.36	%		0.30	%		2.00	%		12.57	%		14.50	%
2020		13.42		16.37		237,956,490		3,586,425,606		1.47	%		0.30	%		2.00	%		9.94	%		11.82	%
American Funds IS Capital Income Builder Class 1
2024	$	12.36	$	12.44		128,701	$	1,594,270		3.97	%		0.45	%		0.60	%		9.79	%		9.95	%
2023		11.26		11.31		88,444		996,903		3.24	%		0.45	%		0.60	%		8.63	%		8.79	%
2022		10.37		10.40		78,483		813,854		3.22	%		0.45	%		0.60	%		(7.45	)%		(7.31	)%
05/20/2021 - 12/31/2021		11.20		11.22		48,890		547,693		4.24	%		0.45	%		0.60	%		4.88	%		4.88	%
American Funds IS Capital Income Builder Class 4
2024	$	11.09	$	16.19		9,551,031	$	136,821,940		3.17	%		0.30	%		2.00	%		7.74	%		9.60	%
2023		10.20		14.77		9,412,385		126,046,612		2.71	%		0.30	%		2.00	%		6.61	%		8.43	%
2022		9.48		13.62		9,376,116		117,857,135		2.55	%		0.30	%		2.00	%		(9.21	)%		(7.65	)%
2021		12.80		14.75		9,400,974		129,329,044		2.52	%		0.30	%		2.00	%		12.41	%		14.34	%
2020		11.39		12.90		8,994,388		108,919,873		2.65	%		0.30	%		2.00	%		2.05	%		3.80	%
American Funds IS Capital World Bond Class 1
2024	$	8.03	$	8.08		65,201	$	525,892		4.21	%		0.45	%		0.60	%		(3.35	)%		(3.20	)%
2023		8.31		8.34		25,120		208,952		0.00	%		0.45	%		0.60	%		5.75	%		5.91	%
01/24/2022 - 12/31/2022		7.86		7.88		18,467		145,198		0.42	%		0.45	%		0.60	%		(16.91	)%		(16.91	)%
American Funds IS Capital World Bond Class 4
2024	$	7.89	$	10.45		2,721,588	$	24,816,013		1.97	%		0.30	%		1.95	%		(5.20	)%		(3.61	)%
2023		8.24		10.30		2,475,017		23,430,362		0.00	%		0.30	%		1.95	%		3.86	%		5.58	%
2022		7.87		9.83		2,381,252		21,437,187		0.21	%		0.30	%		1.95	%		(19.43	)%		(18.09	)%
2021		10.46		11.57		2,331,909		25,825,264		1.63	%		0.30	%		2.00	%		(6.92	)%		(5.46	)%
2020		11.22		12.24		1,710,525		20,165,750		1.11	%		0.30	%		2.00	%		7.45	%		9.29	%

SA-104

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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 Capital World Growth and Income Class 1
2024	$	12.44	$	12.51		148,852	$	1,861,919		2.61	%		0.45	%		0.60	%		13.56	%		13.73	%
2023		10.95		11.00		53,099		584,026		2.80	%		0.45	%		0.60	%		20.49	%		20.67	%
2022		9.09		9.12		14,549		132,542		3.97	%		0.45	%		0.60	%		(17.63	)%		(17.63	)%
08/10/2021 - 12/31/2021		11.04		11.04		4,259		47,010		4.11	%		0.60	%		0.60	%		3.00	%		3.00	%
American Funds IS Capital World Growth and Income Class 4
2024	$	11.37	$	21.06		5,104,913	$	92,595,974		1.57	%		0.30	%		2.00	%		11.43	%		13.36	%
2023		10.10		18.60		4,517,293		77,244,495		1.78	%		0.30	%		2.00	%		18.27	%		20.29	%
2022		10.53		15.48		4,314,793		63,410,506		2.16	%		0.30	%		2.00	%		(19.20	)%		(17.82	)%
2021		16.01		18.85		4,339,568		78,541,858		1.59	%		0.30	%		2.00	%		12.20	%		14.12	%
2020		14.20		16.54		3,388,396		54,092,872		1.16	%		0.30	%		2.00	%		6.40	%		8.22	%
American Funds IS Global Balanced Class 4
2024	$	10.36	$	16.60		5,139,170	$	76,866,187		1.62	%		0.30	%		2.00	%		4.20	%		6.00	%
2023		9.85		15.67		5,057,397		74,400,888		1.46	%		0.30	%		2.00	%		11.21	%		13.11	%
2022		10.27		13.87		5,130,674		67,782,176		0.00	%		0.30	%		2.00	%		(16.42	)%		(14.99	)%
2021		14.80		16.33		5,574,494		87,287,347		0.83	%		0.30	%		2.00	%		8.27	%		10.13	%
2020		13.67		14.85		4,845,740		69,376,992		0.89	%		0.30	%		2.00	%		7.82	%		9.67	%
American Funds IS Global Growth Class 1
2024	$	11.20	$	11.27		288,389	$	3,245,977		2.00	%		0.45	%		0.60	%		13.25	%		13.43	%
2023		9.89		9.93		206,728		2,051,307		1.76	%		0.45	%		0.60	%		22.17	%		22.35	%
2022		8.10		8.12		42,404		343,893		1.11	%		0.45	%		0.60	%		(24.99	)%		(24.88	)%
06/04/2021 - 12/31/2021		10.79		10.81		21,594		233,159		0.69	%		0.45	%		0.60	%		6.47	%		6.47	%
American Funds IS Global Growth Class 4
2024	$	10.58	$	28.00		9,524,153	$	201,960,629		1.42	%		0.30	%		2.00	%		11.13	%		13.05	%
2023		9.53		24.80		7,828,343		167,756,548		0.70	%		0.30	%		2.00	%		19.88	%		21.93	%
2022		7.89		20.36		7,747,403		144,568,416		0.45	%		0.30	%		2.00	%		(26.40	)%		(25.14	)%
2021		20.64		27.22		7,592,625		191,919,469		0.21	%		0.30	%		2.00	%		13.84	%		15.79	%
2020		18.04		23.54		6,822,409		150,256,254		0.16	%		0.30	%		2.00	%		27.59	%		29.78	%
American Funds IS Global Small Capitalization Class 4
2024	$	7.87	$	16.51		3,402,454	$	49,897,179		0.83	%		0.30	%		2.00	%		0.09	%		1.81	%
2023		7.79		16.21		2,941,506		44,282,425		0.03	%		0.30	%		2.00	%		13.50	%		15.44	%
2022		10.21		14.04		2,931,121		38,894,810		0.00	%		0.30	%		2.00	%		(31.08	)%		(29.90	)%
2021		17.53		20.03		2,600,282		49,766,826		0.00	%		0.30	%		2.00	%		4.32	%		6.11	%
2020		16.72		18.88		1,990,423		36,147,533		0.13	%		0.30	%		2.00	%		26.83	%		29.00	%
American Funds IS Growth Class 1
2024	$	14.36	$	14.44		854,539	$	12,318,940		0.69	%		0.45	%		0.60	%		31.17	%		31.37	%
2023		10.94		10.99		421,383		4,621,429		0.74	%		0.45	%		0.60	%		37.98	%		38.19	%
2022		7.93		7.95		249,427		1,980,437		0.87	%		0.45	%		0.60	%		(30.18	)%		(30.07	)%
06/09/2021 - 12/31/2021		11.36		11.37		39,950		454,078		0.90	%		0.45	%		0.60	%		11.93	%		11.93	%
American Funds IS Growth Class 4
2024	$	13.53	$	45.37		39,809,071	$	1,110,152,459		0.17	%		0.30	%		2.00	%		28.68	%		30.90	%
2023		10.45		34.82		29,710,243		781,567,952		0.17	%		0.30	%		2.00	%		35.41	%		37.72	%
2022		7.67		25.39		26,097,738		552,304,014		0.10	%		0.30	%		2.00	%		(31.50	)%		(30.32	)%
2021		11.13		36.61		25,686,479		802,146,017		0.06	%		0.30	%		2.00	%		19.28	%		21.32	%
2020		21.83		30.31		24,975,444		648,933,173		0.20	%		0.30	%		2.00	%		48.71	%		51.26	%
American Funds IS Growth-Income Class 1
2024	$	15.42	$	15.51		332,311	$	5,150,249		1.44	%		0.45	%		0.60	%		23.79	%		23.98	%
2023		12.46		12.51		247,905		3,098,681		1.77	%		0.45	%		0.60	%		25.71	%		25.90	%
2022		9.91		9.94		170,804		1,696,274		1.84	%		0.45	%		0.60	%		(16.79	)%		(16.66	)%
05/27/2021 - 12/31/2021		11.91		11.92		39,377		469,308		2.69	%		0.45	%		0.60	%		9.90	%		9.90	%
American Funds IS Growth-Income Class 4
2024	$	13.61	$	30.92		26,469,401	$	630,983,043		0.96	%		0.30	%		2.00	%		21.45	%		23.55	%
2023		11.16		25.14		23,525,151		498,577,612		1.21	%		0.30	%		2.00	%		23.34	%		25.45	%
2022		8.98		20.13		23,213,330		410,711,351		1.07	%		0.30	%		2.00	%		(18.35	)%		(16.96	)%
2021		10.92		24.35		23,979,496		518,625,840		0.97	%		0.30	%		2.00	%		21.35	%		23.43	%
2020		15.15		19.82		22,979,190		406,479,221		1.16	%		0.30	%		2.00	%		11.01	%		12.91	%
American Funds IS International Class 1
2024	$	8.81	$	8.86		177,181	$	1,568,888		1.72	%		0.45	%		0.60	%		2.78	%		2.93	%
2023		8.57		8.61		65,497		563,486		1.81	%		0.45	%		0.60	%		15.43	%		15.60	%
2022		7.42		7.44		50,049		372,492		3.17	%		0.45	%		0.60	%		(20.93	)%		(20.93	)%
08/27/2021 - 12/31/2021		9.41		9.41		6,444		60,666		13.64	%		0.45	%		0.45	%		(5.48	)%		(5.48	)%

SA-105

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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 Class 4
2024	$	8.31	$	14.39		7,412,672	$	91,920,008		0.99	%		0.30	%		2.00	%		0.88	%		2.62	%
2023		8.19		14.02		7,394,707		90,504,546		1.09	%		0.30	%		2.00	%		13.28	%		15.21	%
2022		9.85		12.17		7,919,990		85,102,087		1.54	%		0.30	%		2.00	%		(22.58	)%		(21.26	)%
2021		12.73		15.45		7,892,109		108,416,162		2.38	%		0.30	%		2.00	%		(3.66	)%		(2.01	)%
2020		13.21		15.77		7,177,101		101,270,614		0.45	%		0.30	%		2.00	%		11.41	%		13.32	%
American Funds IS International Growth and Income Class 1
2024	$	10.21	$	10.27		75,835	$	777,833		3.40	%		0.45	%		0.60	%		3.02	%		3.18	%
2023		9.91		9.95		33,159		329,788		2.72	%		0.45	%		0.60	%		15.39	%		15.56	%
2022		8.59		8.61		36,552		314,687		5.24	%		0.45	%		0.60	%		(15.51	)%		(15.39	)%
05/20/2021 - 12/31/2021		10.17		10.18		11,221		114,141		4.89	%		0.45	%		0.60	%		(1.00	)%		(1.00	)%
American Funds IS International Growth and Income Class 4
2024	$	9.41	$	15.11		4,495,593	$	56,028,862		2.34	%		0.30	%		2.00	%		1.05	%		2.80	%
2023		9.24		14.70		4,519,194		55,643,213		2.26	%		0.30	%		2.00	%		13.37	%		15.31	%
2022		8.07		12.75		4,829,629		51,926,368		2.80	%		0.30	%		2.00	%		(17.19	)%		(15.78	)%
2021		9.64		15.14		4,811,132		61,908,949		2.82	%		0.30	%		2.00	%		3.01	%		4.78	%
2020		11.54		14.45		4,731,166		58,569,477		1.33	%		0.30	%		2.00	%		3.64	%		5.42	%
American Funds IS Managed Risk Asset Allocation Class P1
2024	$	11.79	$	11.86		296,175	$	3,509,061		2.18	%		0.45	%		0.60	%		14.37	%		14.37	%
2023		10.37		10.37		245,506		2,545,116		2.30	%		0.45	%		0.45	%		10.01	%		10.01	%
03/09/2022 - 12/31/2022		9.42		9.42		30,658		288,898		4.82	%		0.45	%		0.60	%		(7.66	)%		(7.66	)%
06/30/2021 - 09/16/2021		10.76		10.76		-		-		0.00	%		0.45	%		0.45	%		1.59	%		1.59	%
American Funds IS Managed Risk Asset Allocation Class P2
2024	$	10.80	$	17.97		12,866,350	$	185,461,159		1.91	%		0.30	%		2.00	%		12.34	%		14.28	%
2023		9.55		15.74		13,196,150		173,632,361		1.84	%		0.30	%		2.00	%		8.06	%		9.90	%
2022		8.84		14.33		13,359,897		166,286,060		2.20	%		0.30	%		2.00	%		(15.67	)%		(14.23	)%
2021		10.95		16.73		12,857,346		193,789,068		1.36	%		0.30	%		2.00	%		10.28	%		12.17	%
2020		12.27		14.93		11,596,589		162,109,838		1.51	%		0.30	%		2.00	%		3.79	%		5.57	%
American Funds IS New World Fund Class 1
2024	$	9.27	$	9.32		440,008	$	4,097,436		2.06	%		0.45	%		0.60	%		6.21	%		6.37	%
2023		8.72		8.76		204,189		1,787,157		2.21	%		0.45	%		0.60	%		15.53	%		15.70	%
2022		7.55		7.57		121,178		916,665		1.78	%		0.45	%		0.60	%		(22.33	)%		(22.21	)%
04/15/2021 - 12/31/2021		9.72		9.73		44,148		429,397		3.02	%		0.45	%		0.60	%		0.47	%		0.47	%
American Funds IS New World Fund Class 4
2024	$	8.76	$	17.39		5,421,848	$	78,153,066		1.19	%		0.30	%		2.00	%		4.21	%		6.01	%
2023		8.35		16.40		5,168,549		72,047,669		1.23	%		0.30	%		2.00	%		13.39	%		15.32	%
2022		7.35		14.23		5,239,889		64,479,315		1.11	%		0.30	%		2.00	%		(23.79	)%		(22.49	)%
2021		9.56		18.35		5,135,808		82,196,698		0.67	%		0.30	%		2.00	%		2.56	%		4.32	%
2020		14.47		17.59		4,414,153		68,148,249		0.04	%		0.30	%		2.00	%		20.85	%		22.92	%
American Funds IS The Bond Fund of America Class 1
2024	$	9.18	$	9.23		996,139	$	9,185,263		5.91	%		0.45	%		0.60	%		0.88	%		1.04	%
2023		9.10		9.14		440,932		4,027,370		3.84	%		0.45	%		0.60	%		4.58	%		4.73	%
2022		8.70		8.72		347,156		3,028,029		4.55	%		0.45	%		0.60	%		(12.65	)%		(12.65	)%
09/14/2021 - 12/31/2021		9.99		9.99		10,280		102,679		8.15	%		0.45	%		0.45	%		(1.00	)%		(1.00	)%
American Funds IS The Bond Fund of America Class 4
2024	$	8.98	$	11.01		18,473,443	$	191,224,067		4.30	%		0.30	%		2.00	%		(1.03	)%		0.67	%
2023		8.99		10.95		15,166,378		157,548,110		3.50	%		0.30	%		2.00	%		2.66	%		4.41	%
2022		8.67		10.50		13,216,178		132,831,689		2.75	%		0.30	%		2.00	%		(14.47	)%		(13.01	)%
2021		10.94		12.08		13,089,539		152,326,203		1.34	%		0.30	%		2.00	%		(2.56	)%		(0.88	)%
2020		11.23		12.20		10,104,867		119,129,680		2.23	%		0.30	%		2.00	%		7.21	%		9.05	%
American Funds IS U.S. Government Securities Class 1
2024	$	9.17	$	9.17		378,567	$	3,471,783		4.99	%		0.45	%		0.45	%		0.53	%		0.53	%
2023		9.12		9.12		238,901		2,179,391		4.92	%		0.45	%		0.45	%		2.75	%		2.75	%
2022		8.88		8.88		86,569		768,622		12.26	%		0.45	%		0.45	%		(11.15	)%		(11.15	)%
10/28/2021 - 12/31/2021		9.99		9.99		4,119		41,164		8.93	%		0.45	%		0.45	%		0.20	%		0.20	%
American Funds IS U.S. Government Securities Class 4
2024	$	8.92	$	10.76		5,585,774	$	55,173,041		3.93	%		0.30	%		2.00	%		(1.56	)%		0.14	%
2023		8.97		10.76		5,550,825		55,101,790		3.22	%		0.30	%		2.00	%		0.59	%		2.31	%
2022		8.84		10.52		6,026,456		58,958,044		3.42	%		0.30	%		2.00	%		(12.95	)%		(11.46	)%
2021		10.05		11.90		6,959,965		77,445,532		0.94	%		0.30	%		2.00	%		(2.84	)%		(1.17	)%
2020		10.75		12.05		10,237,716		115,980,599		1.89	%		0.30	%		2.00	%		7.32	%		9.15	%

SA-106

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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 Washington Mutual Investors Class 1
2024	$	15.32	$	15.41		324,736	$	4,991,659		2.39	%		0.45	%		0.60	%		18.68	%		18.86	%
2023		12.90		12.96		180,346		2,331,467		2.76	%		0.45	%		0.60	%		16.95	%		17.13	%
2022		11.03		11.07		68,968		762,977		3.24	%		0.45	%		0.60	%		(8.69	)%		(8.69	)%
06/15/2021 - 12/31/2021		12.12		12.12		15,591		188,936		3.54	%		0.45	%		0.45	%		10.46	%		10.46	%
American Funds IS Washington Mutual Investors Class 4
2024	$	13.10	$	25.25		15,181,039	$	310,389,348		1.53	%		0.30	%		2.00	%		16.49	%		18.49	%
2023		11.17		21.33		12,315,139		232,921,489		1.73	%		0.30	%		2.00	%		14.66	%		16.62	%
2022		9.90		18.31		11,726,592		200,075,999		1.79	%		0.30	%		2.00	%		(10.49	)%		(8.96	)%
2021		10.98		20.13		10,929,163		208,192,004		1.33	%		0.30	%		2.00	%		24.99	%		27.13	%
2020		12.69		15.85		9,569,016		144,970,879		1.63	%		0.30	%		2.00	%		6.32	%		8.15	%
BlackRock 60/40 Target Allocation ETF V.I. Class I
2024	$	10.99	$	18.65		19,392,948	$	299,483,308		2.52	%		0.30	%		2.00	%		9.42	%		11.30	%
2023		9.98		16.75		15,889,811		235,498,602		2.23	%		0.30	%		2.00	%		13.39	%		15.27	%
2022		8.79		14.54		14,271,032		190,448,788		2.24	%		0.30	%		2.00	%		(16.51	)%		(15.08	)%
2021		10.42		17.13		11,615,970		187,350,089		2.29	%		0.30	%		2.00	%		9.78	%		11.66	%
2020		13.81		15.36		7,597,641		110,851,315		1.99	%		0.30	%		2.00	%		12.57	%		14.32	%
BlackRock Capital Appreciation V.I. Class III
2024	$	47.06	$	65.99		687,409	$	39,865,838		0.00	%		0.75	%		1.50	%		29.96	%		30.94	%
2023		36.21		50.39		834,572		37,009,170		0.00	%		0.75	%		1.50	%		46.39	%		47.49	%
2022		24.73		34.17		1,036,425		31,190,321		0.00	%		0.75	%		1.50	%		(38.74	)%		(38.28	)%
2021		40.37		55.36		900,633		43,998,422		0.00	%		0.75	%		1.50	%		19.09	%		19.99	%
2020		33.90		46.14		1,006,731		41,083,886		0.00	%		0.75	%		1.50	%		39.41	%		40.46	%
BlackRock Equity Dividend V.I. Class I
2024	$	13.39	$	13.47		198,230	$	2,669,229		2.89	%		0.45	%		0.60	%		9.40	%		9.56	%
2023		12.24		12.29		82,604		1,014,953		2.08	%		0.45	%		0.60	%		11.57	%		11.73	%
2022		10.97		11.00		69,864		768,528		1.87	%		0.45	%		0.60	%		(4.42	)%		(4.42	)%
12/07/2021 - 12/31/2021		11.48		11.48		31,382		360,240		2.88	%		0.60	%		0.60	%		2.02	%		2.02	%
BlackRock Global Allocation V.I. Class I
2024	$	10.44	$	10.50		145,211	$	1,523,715		1.53	%		0.45	%		0.60	%		8.58	%		8.74	%
2023		9.61		9.65		119,242		1,151,223		2.20	%		0.45	%		0.60	%		12.32	%		12.32	%
2022		8.60		8.60		123,714		1,063,372		0.00	%		0.45	%		0.45	%		(16.24	)%		(16.24	)%
08/13/2021 - 12/31/2021		10.26		10.26		2,484		25,488		1.23	%		0.45	%		0.45	%		(0.84	)%		(0.84	)%
BlackRock Global Allocation V.I. Class III
2024	$	9.86	$	20.56		67,155,440	$	1,084,226,914		1.38	%		0.30	%		2.00	%		6.76	%		8.60	%
2023		9.15		18.95		77,197,037		1,175,696,253		2.42	%		0.30	%		2.00	%		10.27	%		12.15	%
2022		8.22		16.92		85,813,546		1,192,222,701		0.00	%		0.30	%		2.00	%		(17.73	)%		(16.32	)%
2021		9.90		20.24		93,695,265		1,587,846,702		0.82	%		0.30	%		2.00	%		4.31	%		6.10	%
2020		13.51		19.09		98,050,229		1,608,721,024		1.26	%		0.30	%		2.00	%		18.32	%		20.35	%
BlackRock High Yield V.I. Class I
2024	$	11.18	$	11.25		174,689	$	1,964,260		6.94	%		0.45	%		0.60	%		7.64	%		7.80	%
2023		10.39		10.43		128,490		1,340,196		6.62	%		0.45	%		0.60	%		12.56	%		12.73	%
2022		9.23		9.26		65,450		605,626		5.54	%		0.45	%		0.60	%		(10.89	)%		(10.75	)%
06/04/2021 - 12/31/2021		10.36		10.37		15,776		163,491		4.47	%		0.45	%		0.60	%		2.10	%		2.10	%
BlackRock S&P 500 Index V.I. Class I
2024	$	15.52	$	15.61		326,060	$	5,083,889		1.77	%		0.45	%		0.60	%		24.08	%		24.27	%
2023		12.51		12.56		163,316		2,049,319		1.87	%		0.45	%		0.60	%		25.47	%		25.66	%
2022		9.97		10.00		92,239		921,539		2.81	%		0.45	%		0.60	%		(18.72	)%		(18.60	)%
07/28/2021 - 12/31/2021		12.26		12.28		17,525		215,186		3.68	%		0.45	%		0.60	%		8.71	%		8.71	%
BlackRock Small Cap Index V.I. Class I
2024	$	9.93	$	9.99		793,213	$	7,919,201		2.10	%		0.45	%		0.60	%		10.65	%		10.81	%
2023		8.98		9.02		575,569		5,187,067		1.56	%		0.45	%		0.60	%		16.00	%		16.18	%
2022		7.74		7.76		451,935		3,506,533		2.34	%		0.45	%		0.60	%		(20.94	)%		(20.82	)%
04/15/2021 - 12/31/2021		9.79		9.80		43,597		427,096		3.62	%		0.45	%		0.60	%		(0.20	)%		(0.20	)%
BlackRock Total Return V.I. Class I
2024	$	8.95	$	9.00		326,035	$	2,933,905		4.47	%		0.45	%		0.60	%		0.78	%		0.93	%
2023		8.88		8.92		239,965		2,139,567		3.95	%		0.45	%		0.60	%		5.20	%		5.36	%
2022		8.44		8.47		128,322		1,086,169		2.88	%		0.45	%		0.60	%		(14.44	)%		(14.44	)%
12/07/2021 - 12/31/2021		9.90		9.90		5,869		58,074		1.93	%		0.45	%		0.45	%		(0.18	)%		(0.18	)%

SA-107

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

DFA VA Equity Allocation Institutional Class
2024	$	13.61	$	13.69		104,127	$	1,424,030		3.16	%		0.45	%		0.60	%		14.41	%		14.58	%
2023		11.89		11.95		23,540		280,805		2.61	%		0.45	%		0.60	%		19.43	%		19.61	%
2022		9.96		9.99		15,034		149,925		1.87	%		0.45	%		0.60	%		(14.20	)%		(14.07	)%
08/10/2021 - 12/31/2021		11.61		11.62		11,872		137,853		6.15	%		0.45	%		0.60	%		4.41	%		4.41	%
DFA VA Global Bond Institutional Class
2024	$	10.03	$	10.08		100,833	$	1,015,476		5.77	%		0.45	%		0.60	%		4.75	%		4.91	%
2023		9.57		9.61		60,389		579,649		4.81	%		0.45	%		0.60	%		4.43	%		4.58	%
2022		9.16		9.19		44,252		406,422		1.77	%		0.45	%		0.60	%		(6.89	)%		(6.75	)%
06/29/2021 - 12/31/2021		9.84		9.86		34,026		335,219		2.34	%		0.45	%		0.60	%		(1.43	)%		(1.43	)%
DFA VA Global Moderate Allocation Institutional Class
2024	$	12.26	$	12.34		400,952	$	4,945,634		5.11	%		0.45	%		0.60	%		11.32	%		11.48	%
2023		11.02		11.07		131,468		1,454,350		4.14	%		0.45	%		0.60	%		14.04	%		14.21	%
2022		9.66		9.69		37,988		367,827		2.84	%		0.45	%		0.60	%		(11.49	)%		(11.36	)%
08/10/2021 - 12/31/2021		10.92		10.93		16,225		177,207		4.68	%		0.45	%		0.60	%		2.29	%		2.29	%
DFA VA International Small Institutional Class
2024	$	10.39	$	10.45		139,678	$	1,457,346		5.32	%		0.45	%		0.60	%		3.19	%		3.35	%
2023		10.07		10.11		65,632		662,719		3.88	%		0.45	%		0.60	%		13.43	%		13.60	%
2022		8.88		8.90		37,415		332,811		4.05	%		0.45	%		0.60	%		(18.14	)%		(18.01	)%
07/08/2021 - 12/31/2021		10.85		10.86		16,625		180,386		7.96	%		0.45	%		0.60	%		2.45	%		2.45	%
DFA VA International Value Institutional Class
2024	$	13.33	$	13.41		369,449	$	4,948,433		5.92	%		0.45	%		0.60	%		5.98	%		6.14	%
2023		12.58		12.63		163,448		2,061,979		5.60	%		0.45	%		0.60	%		17.16	%		17.33	%
2022		10.74		10.77		127,002		1,366,252		5.41	%		0.45	%		0.60	%		(4.03	)%		(3.89	)%
06/15/2021 - 12/31/2021		11.19		11.20		67,675		757,530		13.70	%		0.45	%		0.60	%		(2.67	)%		(2.67	)%
DFA VA Short-Term Fixed Institutional Class
2024	$	10.67	$	10.74		559,669	$	6,003,000		6.09	%		0.45	%		0.60	%		4.85	%		5.01	%
2023		10.18		10.22		383,680		3,919,134		4.79	%		0.45	%		0.60	%		4.36	%		4.51	%
2022		9.75		9.78		247,160		2,416,407		2.23	%		0.45	%		0.60	%		(1.75	)%		(1.60	)%
08/11/2021 - 12/31/2021		9.93		9.94		43,736		434,668		0.02	%		0.45	%		0.60	%		(0.42	)%		(0.42	)%
DFA VA US Large Value Institutional Class
2024	$	13.98	$	14.06		654,064	$	9,189,085		2.52	%		0.45	%		0.60	%		12.70	%		12.87	%
2023		12.40		12.46		392,941		4,891,183		2.90	%		0.45	%		0.60	%		10.26	%		10.43	%
2022		11.25		11.28		251,430		2,835,299		3.55	%		0.45	%		0.60	%		(5.45	)%		(5.30	)%
06/04/2021 - 12/31/2021		11.90		11.91		34,289		408,262		4.42	%		0.45	%		0.60	%		2.58	%		2.58	%
DFA VA US Targeted Value Institutional Class
2024	$	14.77	$	14.85		321,673	$	4,770,650		2.01	%		0.45	%		0.60	%		7.49	%		7.65	%
2023		13.74		13.80		164,062		2,259,571		2.01	%		0.45	%		0.60	%		19.32	%		19.50	%
2022		11.51		11.55		82,020		946,243		1.57	%		0.45	%		0.60	%		(4.79	)%		(4.64	)%
04/15/2021 - 12/31/2021		12.09		12.11		44,610		539,712		3.99	%		0.45	%		0.60	%		8.94	%		8.94	%
Fidelity VIP Consumer Discretionary Initial Class
2024	$	12.74	$	12.74		6,275	$	79,957		0.02	%		0.45	%		0.45	%		24.15	%		24.15	%
2023		10.26		10.26		1,004		10,309		0.08	%		0.45	%		0.45	%		41.36	%		41.36	%
12/27/2022 - 12/31/2022		7.26		7.26		520		3,776		0.00	%		0.45	%		0.45	%		1.16	%		1.16	%
Fidelity VIP Contrafund Initial Class
2024	$	15.74	$	15.83		501,833	$	7,932,402		0.23	%		0.45	%		0.60	%		32.99	%		33.19	%
2023		11.84		11.89		245,152		2,908,487		0.94	%		0.45	%		0.60	%		32.66	%		32.85	%
2022		8.92		8.95		41,710		372,591		0.81	%		0.45	%		0.60	%		(26.75	)%		(26.64	)%
05/20/2021 - 12/31/2021		12.18		12.20		10,575		128,888		0.00	%		0.45	%		0.60	%		18.38	%		18.38	%
Fidelity VIP Contrafund Service Class 2
2024	$	14.58	$	47.46		19,366,471	$	569,257,996		0.03	%		0.30	%		2.00	%		30.79	%		33.05	%
2023		11.07		35.71		12,901,467		359,194,850		0.27	%		0.30	%		2.00	%		30.49	%		32.72	%
2022		8.47		26.93		11,942,263		275,966,970		0.27	%		0.30	%		2.00	%		(27.94	)%		(26.71	)%
2021		11.65		36.78		11,743,628		381,230,239		0.03	%		0.30	%		2.00	%		24.99	%		27.13	%
2020		17.09		28.96		11,335,278		293,430,933		0.08	%		0.30	%		2.00	%		27.66	%		29.84	%
Fidelity VIP Emerging Markets Initial Class
2024	$	8.30	$	8.35		278,268	$	2,321,218		1.88	%		0.45	%		0.60	%		9.38	%		9.54	%
2023		7.59		7.62		168,540		1,283,808		2.83	%		0.45	%		0.60	%		9.01	%		9.17	%
2022		6.96		6.98		81,945		571,791		3.56	%		0.45	%		0.60	%		(20.59	)%		(20.47	)%
06/04/2021 - 12/31/2021		8.77		8.78		14,544		127,579		6.27	%		0.45	%		0.60	%		(12.18	)%		(12.18	)%

SA-108

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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 Energy Initial Class
2024	$	22.78	$	22.92		83,443	$	1,909,774		2.34	%		0.45	%		0.60	%		3.67	%		3.83	%
2023		21.98		22.07		68,387		1,508,259		4.01	%		0.45	%		0.60	%		0.38	%		0.53	%
2022		21.89		21.95		32,901		721,434		4.06	%		0.45	%		0.60	%		62.21	%		62.21	%
05/20/2021 - 12/31/2021		13.50		13.50		5,344		72,125		3.23	%		0.60	%		0.60	%		13.29	%		13.29	%
Fidelity VIP Extended Market Index Initial Class
2024	$	11.33	$	11.40		389,781	$	4,439,548		1.51	%		0.45	%		0.60	%		11.63	%		11.80	%
2023		10.15		10.20		306,987		3,126,215		2.59	%		0.45	%		0.60	%		16.74	%		16.91	%
2022		8.70		8.72		158,402		1,380,101		1.66	%		0.45	%		0.60	%		(18.61	)%		(18.49	)%
04/15/2021 - 12/31/2021		10.69		10.70		69,294		740,679		8.35	%		0.45	%		0.60	%		3.63	%		3.63	%
Fidelity VIP FundsManager 60% Investor Class
2024	$	11.99	$	11.99		27,949,033	$	335,034,281		2.39	%		1.00	%		1.00	%		8.48	%		8.48	%
2023		11.05		11.05		20,014,280		221,165,094		3.20	%		1.00	%		1.00	%		13.04	%		13.04	%
12/07/2022 - 12/31/2022		9.78		9.78		538,685		5,266,017		See Note (6)			1.00	%		1.00	%		(1.80	)%		(1.80	)%
Fidelity VIP FundsManager 60% Service Class 2
2024	$	10.55	$	22.96		25,196,844	$	416,057,260		1.90	%		0.30	%		2.00	%		7.27	%		9.12	%
2023		9.77		21.06		25,961,292		413,889,313		2.22	%		0.30	%		2.00	%		11.82	%		13.73	%
2022		8.73		18.53		25,259,177		372,173,872		1.68	%		0.30	%		2.00	%		(16.93	)%		(15.50	)%
2021		10.40		21.96		23,783,824		434,687,452		0.97	%		0.30	%		2.00	%		9.99	%		11.87	%
2020		13.69		19.65		21,137,865		364,926,775		0.93	%		0.30	%		2.00	%		12.64	%		14.58	%
Fidelity VIP Government Money Market Initial Class
2024	$	10.93	$	10.99		2,237,013	$	24,579,483		4.97	%		0.45	%		0.60	%		4.48	%		4.64	%
2023		10.46		10.50		1,856,418		19,493,023		4.81	%		0.45	%		0.60	%		4.28	%		4.43	%
2022		10.03		10.06		1,576,714		15,846,777		2.27	%		0.45	%		0.60	%		0.83	%		0.98	%
06/23/2021 - 12/31/2021		9.95		9.96		42,486		422,970		0.01	%		0.45	%		0.60	%		(0.31	)%		(0.31	)%
Fidelity VIP Government Money Market Investor Class (5)
04/16/2024 - 12/05/2024	$	10.93	$	10.99		-	$	-		4.69	%		1.00	%		1.00	%		2.53	%		2.53	%
08/17/2023 - 09/18/2023		10.29		10.29		-		-		5.10	%		1.00	%		1.00	%		0.36	%		0.36	%
Fidelity VIP Government Money Market Service Class
2024	$	9.42	$	11.37		49,720,573	$	515,056,971		4.88	%		0.30	%		2.00	%		2.92	%		4.69	%
2023		9.15		10.86		50,620,358		501,906,191		4.69	%		0.30	%		2.00	%		2.73	%		4.49	%
2022		8.91		10.39		52,653,369		502,225,940		1.46	%		0.30	%		2.00	%		(0.64	)%		1.06	%
2021		8.97		10.28		40,954,210		390,780,434		0.01	%		0.30	%		2.00	%		(1.97	)%		(0.29	)%
2020		9.15		10.31		50,158,206		482,675,916		0.22	%		0.30	%		2.00	%		(1.71	)%		(0.02	)%
Fidelity VIP Growth Opportunities Initial Class
2024	$	12.27	$	12.34		139,938	$	1,725,899		0.00	%		0.45	%		0.60	%		38.05	%		38.26	%
2023		8.89		8.92		82,650		737,197		0.00	%		0.45	%		0.60	%		44.78	%		45.00	%
2022		6.14		6.16		56,819		349,498		0.00	%		0.45	%		0.60	%		(38.52	)%		(38.43	)%
09/02/2021 - 12/31/2021		9.98		10.00		3,896		38,898		0.00	%		0.45	%		0.60	%		(5.79	)%		(5.79	)%
Fidelity VIP Index 500 Initial Class
2024	$	15.53	$	15.62		661,015	$	10,298,898		1.41	%		0.45	%		0.60	%		24.15	%		24.33	%
2023		12.51		12.56		483,592		6,062,155		1.65	%		0.45	%		0.60	%		25.44	%		25.63	%
2022		9.97		10.00		299,731		2,993,041		2.08	%		0.45	%		0.60	%		(18.58	)%		(18.58	)%
06/15/2021 - 12/31/2021		12.28		12.28		6,562		80,594		2.74	%		0.45	%		0.45	%		12.71	%		12.71	%
Fidelity VIP Investment Grade Bond Initial Class
2024	$	9.19	$	9.24		662,321	$	6,119,008		3.68	%		0.45	%		0.60	%		1.18	%		1.33	%
2023		9.08		9.12		415,819		3,792,159		3.25	%		0.45	%		0.60	%		5.57	%		5.73	%
2022		8.60		8.63		144,963		1,250,644		4.92	%		0.45	%		0.60	%		(13.48	)%		(13.35	)%
09/02/2021 - 12/31/2021		9.94		9.96		6,818		67,828		5.47	%		0.45	%		0.60	%		(1.08	)%		(1.08	)%
Fidelity VIP Strategic Income Service Class 2
2024	$	9.93	$	13.71		7,861,941	$	96,516,597		3.67	%		0.30	%		2.00	%		3.67	%		5.46	%
2023		9.52		13.01		7,377,965		87,669,229		4.34	%		0.30	%		2.00	%		7.02	%		8.85	%
2022		8.89		11.97		7,296,355		81,030,938		3.37	%		0.30	%		2.00	%		(13.27	)%		(11.78	)%
2021		10.14		13.58		7,822,262		99,315,045		2.51	%		0.30	%		2.00	%		1.48	%		3.22	%
2020		11.52		13.17		7,026,620		87,077,019		3.25	%		0.30	%		2.00	%		5.04	%		6.84	%
Fidelity VIP Value Strategies Initial Class
2024	$	14.64	$	14.72		164,678	$	2,421,156		1.37	%		0.45	%		0.60	%		8.74	%		8.91	%
2023		13.46		13.52		100,762		1,358,387		1.35	%		0.45	%		0.60	%		20.13	%		20.31	%
2022		11.20		11.24		54,117		607,098		1.59	%		0.45	%		0.60	%		(7.58	)%		(7.44	)%
06/04/2021 - 12/31/2021		12.12		12.14		13,422		162,885		3.57	%		0.45	%		0.60	%		3.81	%		3.81	%

SA-109

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

First Trust Dorsey Wright Tactical Core Class I
2024	$	10.18	$	17.08		2,655,129	$	39,137,603	0.91	%		0.30	%		2.00	%		10.29	%	12.19	%
2023		9.15		15.22		2,710,981		36,506,355	2.08	%		0.30	%		2.00	%		9.08	%	10.95	%
2022		9.77		13.72		2,657,693		33,444,112	1.48	%		0.30	%		2.00	%		(18.69	)%	(17.30	)%
2021		14.65		16.59		3,226,339		49,725,811	0.39	%		0.30	%		2.00	%		11.62	%	13.53	%
2020		13.09		14.61		2,656,872		36,362,021	0.48	%		0.30	%		2.00	%		8.89	%	10.76	%
First Trust/Dow Jones Dividend & Income Allocation Class I
2024	$	10.25	$	22.33		33,554,912	$	555,913,557	2.34	%		0.30	%		2.00	%		3.90	%	5.69	%
2023		9.80		21.15		36,476,228		599,615,142	2.25	%		0.30	%		2.00	%		8.33	%	10.18	%
2022		9.05		19.21		37,836,927		593,648,878	1.42	%		0.30	%		2.00	%		(13.94	)%	(12.46	)%
2021		10.94		21.97		37,604,224		701,796,584	0.94	%		0.30	%		2.00	%		10.03	%	11.91	%
2020		12.81		19.65		38,413,073		662,991,395	1.49	%		0.30	%		2.00	%		5.67	%	7.48	%
Franklin Allocation VIP Class 2
2024	$	19.58	$	23.69		1,067,440	$	23,705,186	2.03	%		0.75	%		1.50	%		7.52	%	8.33	%
2023		18.22		21.86		1,139,819		23,422,478	1.43	%		0.75	%		1.50	%		12.91	%	13.76	%
2022		16.13		19.22		1,187,062		21,458,071	1.62	%		0.75	%		1.50	%		(17.25	)%	(16.63	)%
2021		19.50		23.05		1,273,977		27,644,825	1.73	%		0.75	%		1.50	%		10.02	%	10.85	%
2020		17.72		20.80		1,319,963		25,870,236	1.49	%		0.75	%		1.50	%		10.08	%	10.91	%
Franklin Allocation VIP Class 4
2024	$	10.52	$	21.46		14,028,344	$	227,064,752	1.86	%		0.30	%		2.00	%		6.72	%	8.56	%
2023		9.79		19.79		15,280,760		237,425,334	1.31	%		0.30	%		2.00	%		12.36	%	14.28	%
2022		8.73		17.33		15,596,987		219,460,932	1.49	%		0.30	%		2.00	%		(17.85	)%	(16.44	)%
2021		10.94		20.92		15,926,805		277,311,223	1.58	%		0.30	%		2.00	%		9.33	%	11.20	%
2020		13.59		19.06		16,724,233		269,024,656	1.34	%		0.30	%		2.00	%		9.54	%	11.42	%
Franklin Income VIP Class 1
2024	$	12.38	$	12.45		94,938	$	1,181,913	4.13	%		0.45	%		0.60	%		6.81	%	6.97	%
2023		11.59		11.64		32,893		382,813	5.23	%		0.45	%		0.60	%		8.22	%	8.38	%
03/07/2022 - 12/31/2022		10.71		10.74		22,536		241,993	6.77	%		0.45	%		0.60	%		(4.88	)%	(4.88	)%
Franklin Income VIP Class 2
2024	$	11.15	$	15.81		5,730,019	$	79,142,450	5.51	%		0.30	%		2.00	%		5.07	%	6.88	%
2023		10.51		14.79		4,437,445		59,444,387	5.16	%		0.30	%		2.00	%		6.48	%	8.30	%
2022		10.18		13.66		4,782,643		60,618,834	5.06	%		0.30	%		2.00	%		(7.34	)%	(5.76	)%
2021		12.92		14.49		4,105,312		55,940,034	4.68	%		0.30	%		2.00	%		14.44	%	16.40	%
2020		11.29		12.45		4,573,894		53,969,144	6.00	%		0.30	%		2.00	%		(1.30	)%	0.39	%
Franklin Mutual Global Discovery VIP Class 2
2024	$	11.54	$	26.76		6,425,805	$	138,602,843	1.70	%		0.30	%		2.00	%		2.57	%	4.34	%
2023		11.17		25.76		7,152,250		151,445,501	2.41	%		0.30	%		2.00	%		17.94	%	19.95	%
2022		10.54		21.57		8,376,154		150,268,819	1.37	%		0.30	%		2.00	%		(6.63	)%	(5.03	)%
2021		13.70		22.82		9,674,845		184,263,585	2.59	%		0.30	%		2.00	%		16.77	%	18.77	%
2020		11.56		19.30		11,609,935		188,576,655	2.41	%		0.30	%		2.00	%		(6.36	)%	(4.75	)%
Franklin Mutual Shares VIP Class 1
2024	$	13.29	$	13.29		13,747	$	182,639	2.57	%		0.45	%		0.45	%		10.99	%	10.99	%
2023		11.97		11.97		13,231		158,370	1.78	%		0.45	%		0.45	%		13.22	%	13.22	%
05/13/2022 - 12/31/2022		10.57		10.57		5,119		54,124	3.56	%		0.45	%		0.45	%		(0.63	)%	(0.63	)%
Franklin Rising Dividends VIP Class 1
2024	$	13.69	$	13.77		236,501	$	3,255,491	1.06	%		0.45	%		0.60	%		10.37	%	10.54	%
2023		12.41		12.46		131,092		1,631,625	1.02	%		0.45	%		0.60	%		11.72	%	11.89	%
2022		11.10		11.14		76,816		854,353	1.09	%		0.45	%		0.60	%		(10.88	)%	(10.88	)%
05/20/2021 - 12/31/2021		12.46		12.46		7,469		93,075	1.10	%		0.60	%		0.60	%		14.94	%	14.94	%
Franklin Rising Dividends VIP Class 2
2024	$	12.04	$	35.51		9,835,922	$	251,518,829	1.02	%		0.30	%		2.00	%		8.58	%	10.45	%
2023		11.01		32.18		9,295,964		236,646,176	0.91	%		0.30	%		2.00	%		9.86	%	11.74	%
2022		10.05		28.83		9,023,367		221,584,639	0.81	%		0.30	%		2.00	%		(12.34	)%	(10.84	)%
2021		11.37		32.37		9,335,978		264,342,579	0.85	%		0.30	%		2.00	%		24.28	%	26.41	%
2020		15.52		25.63		9,362,137		212,785,729	1.24	%		0.30	%		2.00	%		13.67	%	15.62	%
Franklin Small Cap Value VIP Class 1
2024	$	12.70	$	12.77		85,264	$	1,087,997	1.08	%		0.45	%		0.60	%		11.34	%	11.51	%
2023		11.40		11.45		24,297		278,139	0.69	%		0.45	%		0.60	%		12.51	%	12.51	%
01/13/2022 - 12/31/2022		10.18		10.18		13,128		133,630	0.97	%		0.45	%		0.45	%		(11.79	)%	(11.79	)%

SA-110

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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 Small-Mid Cap Growth VIP Class 1
2024	$	9.31	$	9.37		174,418	$	1,631,850		0.00	%		0.45	%		0.60	%		10.64	%		10.81	%
2023		8.42		8.46		110,974		936,861		0.00	%		0.45	%		0.60	%		26.56	%		26.56	%
2022		6.68		6.68		55,186		368,690		0.00	%		0.45	%		0.45	%		(33.82	)%		(33.82	)%
07/28/2021 - 12/31/2021		10.09		10.09		7,766		78,393		0.00	%		0.45	%		0.45	%		(1.77	)%		(1.77	)%
Franklin Strategic Income VIP Class 1
2024	$	10.05	$	10.11		206,666	$	2,086,427		3.45	%		0.45	%		0.60	%		3.70	%		3.85	%
2023		9.69		9.73		87,273		848,751		2.89	%		0.45	%		0.60	%		7.72	%		7.88	%
2022		9.00		9.02		33,823		305,048		4.55	%		0.45	%		0.60	%		(10.86	)%		(10.86	)%
12/30/2021 - 12/31/2021		10.12		10.12		3,442		34,836		0.00	%		0.45	%		0.45	%		0.00	%		0.00	%
Templeton Foreign VIP Class 1
2024	$	10.75	$	10.81		9,614	$	103,868		3.64	%		0.45	%		0.60	%		(1.24	)%		(1.24	)%
2023		10.95		10.95		13,261		145,184		3.97	%		0.45	%		0.45	%		20.55	%		20.55	%
2022		9.08		9.08		3,088		28,042		3.37	%		0.45	%		0.45	%		(7.80	)%		(7.80	)%
10/19/2021 - 12/31/2021		9.85		9.85		3,183		31,348		0.00	%		0.45	%		0.45	%		(4.22	)%		(4.22	)%
Templeton Global Bond VIP Class 1
2024	$	8.16	$	8.21		44,528	$	365,618		0.00	%		0.45	%		0.60	%		(11.66	)%		(11.53	)%
2023		9.24		9.28		41,064		381,085		0.00	%		0.45	%		0.60	%		2.58	%		2.73	%
2022		9.01		9.04		11,819		106,732		0.00	%		0.45	%		0.60	%		(5.42	)%		(5.27	)%
06/04/2021 - 12/31/2021		9.53		9.54		6,122		58,358		0.00	%		0.45	%		0.60	%		(3.69	)%		(3.69	)%
Templeton Global Bond VIP Class 2
2024	$	6.59	$	9.76		5,887,141	$	44,526,795		0.00	%		0.30	%		2.00	%		(13.14	)%		(11.64	)%
2023		7.59		11.13		6,364,156		54,152,465		0.00	%		0.30	%		2.00	%		0.85	%		2.58	%
2022		7.52		10.60		7,088,492		58,866,304		0.00	%		0.30	%		2.00	%		(6.83	)%		(5.23	)%
2021		8.05		11.24		8,116,103		71,643,504		0.00	%		0.30	%		2.00	%		(6.87	)%		(5.28	)%
2020		8.63		11.92		8,259,570		77,421,248		8.30	%		0.30	%		2.00	%		(7.16	)%		(5.56	)%
Goldman Sachs VIT Large Cap Value Institutional Shares
2024	$	14.58	$	14.58		13,764	$	200,668		2.48	%		0.45	%		0.60	%		16.39	%		16.57	%
2023		12.45		12.51		7,883		98,384		1.11	%		0.45	%		0.60	%		12.34	%		12.51	%
04/06/2022 - 12/31/2022		11.09		11.12		5,265		58,409		2.34	%		0.45	%		0.60	%		(5.35	)%		(5.35	)%
Goldman Sachs VIT Mid Cap Value Institutional Shares
2024	$	13.61	$	13.69		37,641	$	514,386		1.34	%		0.45	%		0.60	%		11.72	%		11.89	%
2023		12.18		12.23		22,032		269,271		1.18	%		0.45	%		0.60	%		10.92	%		10.92	%
2022		11.03		11.03		17,620		194,311		0.72	%		0.45	%		0.45	%		(10.39	)%		(10.39	)%
06/15/2021 - 12/31/2021		12.31		12.31		9,306		114,529		0.95	%		0.45	%		0.45	%		11.09	%		11.09	%
Goldman Sachs VIT Strategic Growth Institutional Shares
2024	$	14.31	$	14.40		48,097	$	689,654		0.00	%		0.45	%		0.60	%		31.57	%		31.77	%
2023		10.88		10.93		46,179		502,955		0.00	%		0.45	%		0.60	%		41.31	%		41.31	%
05/13/2022 - 12/31/2022		7.73		7.73		13,477		104,210		0.00	%		0.45	%		0.45	%		(7.21	)%		(7.21	)%
Goldman Sachs VIT Trends Driven Allocation Institutional Shares
2024	$	11.53	$	11.53		3,095	$	35,684		2.59	%		0.45	%		0.60	%		11.37	%		11.54	%
2023		10.29		10.34		12,842		132,214		1.58	%		0.45	%		0.60	%		15.16	%		15.16	%
04/14/2022 - 12/31/2022		8.94		8.94		26,381		235,780		0.00	%		0.60	%		0.60	%		(12.14	)%		(12.14	)%
Janus Henderson Balanced Institutional Shares
2024	$	12.64	$	12.64		329,739	$	4,166,859		2.46	%		0.45	%		0.60	%		14.91	%		14.91	%
2023		11.00		11.00		190,949		2,099,978		1.73	%		0.45	%		0.60	%		14.90	%		14.90	%
2022		9.57		9.57		241,281		2,309,472		1.30	%		0.45	%		0.45	%		(16.78	)%		(16.78	)%
04/08/2021 - 12/31/2021		11.50		11.50		162,862		1,873,093		1.46	%		0.45	%		0.45	%		12.00	%		12.00	%
Janus Henderson Balanced Service Shares
2024	$	11.66	$	27.32		324,963,518	$	6,122,591,611		1.75	%		0.30	%		2.00	%		12.85	%		14.80	%
2023		10.26		23.82		324,018,449		5,680,990,250		1.80	%		0.30	%		2.00	%		12.86	%		14.79	%
2022		9.08		20.78		308,691,102		5,038,948,579		1.10	%		0.30	%		2.00	%		(18.27	)%		(16.87	)%
2021		11.00		25.02		278,642,992		5,810,489,351		0.69	%		0.30	%		2.00	%		14.59	%		16.56	%
2020		14.95		21.48		221,575,730		4,242,264,305		1.56	%		0.30	%		2.00	%		11.77	%		13.69	%
Janus Henderson Enterprise Institutional Shares
2024	$	12.61	$	12.69		147,201	$	1,861,052		0.76	%		0.45	%		0.60	%		14.91	%		15.08	%
2023		10.98		11.02		82,889		910,760		0.18	%		0.45	%		0.60	%		17.37	%		17.54	%
2022		9.35		9.38		64,087		599,707		0.02	%		0.45	%		0.60	%		(16.32	)%		(16.32	)%
11/10/2021 - 12/31/2021		11.21		11.21		1,063		11,914		0.00	%		0.45	%		0.45	%		0.29	%		0.29	%

SA-111

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

Janus Henderson Flexible Bond Service Shares
2024	$	8.97	$	11.15		3,289,500	$	33,715,099		4.37	%		0.30	%		2.00	%		(0.40	)%		1.32	%
2023		9.44		11.02		3,104,567		31,472,054		3.64	%		0.30	%		2.00	%		3.21	%		4.98	%
2022		9.15		10.51		3,071,967		29,944,473		1.98	%		0.30	%		2.00	%		(15.60	)%		(14.16	)%
2021		10.84		12.25		3,371,293		38,644,273		1.62	%		0.30	%		2.00	%		(3.07	)%		(1.41	)%
2020		11.18		12.44		3,367,311		39,512,445		2.49	%		0.30	%		2.00	%		8.07	%		9.92	%
LVIP American Century Inflation Protection Standard Class II (5)
01/26/2024 - 12/31/2024	$	10.16	$	10.19		33,870	$	345,046		8.71	%		0.45	%		0.60	%		2.15	%		2.15	%
LVIP American Century MidCap Value Standard Class II
2024	$	13.15	$	13.23		41,254	$	544,939		2.37	%		0.45	%		0.60	%		8.07	%		8.24	%
2023		12.17		12.22		61,926		756,355		2.59	%		0.45	%		0.60	%		5.50	%		5.66	%
06/14/2022 - 12/31/2022		11.54		11.57		15,076		174,265		2.97	%		0.45	%		0.60	%		6.36	%		6.36	%
LVIP American Century MidCap Value Service Class
2024	$	11.25	$	30.08		3,981,983	$	87,363,926		2.26	%		0.30	%		2.00	%		6.36	%		8.20	%
2023		10.51		27.83		4,473,802		95,195,789		2.17	%		0.30	%		2.00	%		3.93	%		5.71	%
2022		10.05		26.36		4,624,001		100,582,036		2.11	%		0.30	%		2.00	%		(3.33	)%		(1.68	)%
2021		14.09		26.83		4,497,905		101,993,283		1.04	%		0.30	%		2.00	%		20.58	%		22.65	%
2020		11.63		21.90		4,475,406		84,023,806		1.67	%		0.30	%		2.00	%		(0.89	)%		0.81	%
LVIP JPMorgan Core Bond Standard Class
2024	$	9.15	$	14.69		355,939	$	3,329,569		5.98	%		0.45	%		1.60	%		0.10	%		1.26	%
2023		9.05		14.64		197,864		1,862,465		4.28	%		0.45	%		1.60	%		4.23	%		5.43	%
2022		8.62		14.02		12,696		172,918		1.92	%		0.45	%		1.60	%		(13.96	)%		(12.97	)%
2021		9.90		16.26		10,896		173,997		1.86	%		0.45	%		1.60	%		(2.92	)%		(2.73	)%
2020		16.17		16.72		10,472		174,914		2.05	%		1.40	%		1.60	%		6.13	%		6.35	%
LVIP JPMorgan Mid Cap Value Standard Class
2024	$	13.97	$	44.27		7,921	$	190,748		1.42	%		0.45	%		1.60	%		12.46	%		13.77	%
2023		12.28		39.28		7,211		165,714		3.39	%		0.45	%		1.60	%		9.16	%		10.25	%
2022		11.09		35.91		41,765		540,121		0.66	%		0.60	%		1.60	%		(9.61	)%		(9.43	)%
2021		38.29		39.66		3,136		123,458		0.90	%		1.40	%		1.60	%		27.82	%		28.08	%
2020		29.95		30.96		3,139		96,543		1.45	%		1.40	%		1.60	%		(1.22	)%		(1.03	)%
LVIP JPMorgan U.S. Equity Standard Class
2024	$	66.04	$	66.04		801	$	52,926		0.48	%		1.40	%		1.40	%		22.25	%		22.25	%
2023		54.02		54.02		307		16,608		1.58	%		1.40	%		1.40	%		25.40	%		25.40	%
2022		43.07		43.07		311		13,375		0.37	%		1.40	%		1.40	%		(19.82	)%		(19.82	)%
2021		53.72		53.72		558		29,969		0.73	%		1.40	%		1.40	%		27.54	%		27.54	%
2020		42.12		42.12		561		23,635		0.76	%		1.40	%		1.40	%		23.52	%		23.52	%
Western Asset Core Plus VIT Class I
2024	$	8.53	$	8.58		213,275	$	1,827,417		5.90	%		0.45	%		0.60	%		(1.02	)%		(0.87	)%
2023		8.62		8.65		265,541		2,295,621		4.46	%		0.45	%		0.60	%		6.18	%		6.34	%
2022		8.11		8.14		171,475		1,394,708		2.79	%		0.45	%		0.60	%		(17.72	)%		(17.60	)%
06/04/2021 - 12/31/2021		9.86		9.87		61,519		607,169		10.03	%		0.45	%		0.60	%		(0.06	)%		(0.06	)%
Lord Abbett Bond Debenture Class VC
2024	$	9.54	$	15.45		10,612,363	$	144,164,162		5.70	%		0.30	%		2.00	%		4.59	%		6.40	%
2023		9.13		14.53		10,279,424		134,164,607		5.02	%		0.30	%		2.00	%		4.45	%		6.23	%
2022		8.66		13.69		10,968,206		136,204,893		4.33	%		0.30	%		2.00	%		(14.53	)%		(13.06	)%
2021		10.04		15.77		11,553,854		166,063,844		3.36	%		0.30	%		2.00	%		1.23	%		2.97	%
2020		11.74		15.33		9,342,834		131,580,408		3.97	%		0.30	%		2.00	%		5.18	%		6.98	%
Lord Abbett Total Return Class VC
2024	$	9.12	$	13.18		19,541,659	$	226,315,028		4.59	%		0.30	%		2.00	%		0.61	%		2.35	%
2023		9.56		12.94		20,613,511		235,139,872		4.28	%		0.30	%		2.00	%		4.24	%		6.02	%
2022		9.17		12.26		21,830,030		236,571,067		3.19	%		0.30	%		2.00	%		(15.75	)%		(14.30	)%
2021		10.88		14.37		23,613,019		300,017,160		1.92	%		0.30	%		2.00	%		(2.22	)%		(0.54	)%
2020		11.13		14.51		23,597,269		303,123,564		2.38	%		0.30	%		2.00	%		5.30	%		7.10	%
Macquarie VIP Asset Strategy Series Service Class
2024	$	10.78	$	18.48		3,954,786	$	51,136,545		2.15	%		0.30	%		2.00	%		10.20	%		12.10	%
2023		9.72		16.49		2,651,983		30,804,520		2.46	%		0.30	%		2.00	%		11.69	%		13.60	%
2022		8.88		14.51		1,803,794		19,255,483		1.77	%		0.30	%		2.00	%		(16.43	)%		(14.99	)%
2021		10.55		17.08		1,508,099		19,824,061		1.81	%		0.30	%		2.00	%		8.26	%		10.11	%
2020		11.87		15.51		1,158,794		14,484,570		1.94	%		0.30	%		2.00	%		11.62	%		13.54	%

SA-112

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

Macquarie VIP Energy Series Service Class
2024	$	6.16	$	14.86		5,646,700	$	41,230,949		2.94	%		0.30	%		2.00	%		(7.48	)%		(5.88	)%
2023		6.65		15.89		6,484,444		47,606,539		3.05	%		0.30	%		2.00	%		1.96	%		3.70	%
2022		6.52		11.77		8,944,575		62,286,813		2.92	%		0.30	%		2.00	%		47.50	%		50.02	%
2021		4.42		5.43		7,973,963		37,055,143		1.65	%		0.30	%		2.00	%		39.19	%		41.57	%
2020		3.18		3.87		5,774,234		19,132,655		2.22	%		0.30	%		2.00	%		(38.09	)%		(37.02	)%
MFS International Growth - Initial Class
2024	$	10.99	$	11.05		162,555	$	1,793,533		1.05	%		0.45	%		0.60	%		8.35	%		8.51	%
2023		10.14		10.19		129,308		1,315,091		1.13	%		0.45	%		0.60	%		14.03	%		14.20	%
2022		8.89		8.92		89,358		795,857		0.62	%		0.45	%		0.60	%		(15.46	)%		(15.34	)%
06/28/2021 - 12/31/2021		10.52		10.54		50,476		531,144		0.70	%		0.45	%		0.60	%		0.39	%		0.39	%
MFS Massachusetts Investors Growth Stock - Service Class
2024	$	28.70	$	30.88		2,235,969	$	68,671,195		0.13	%		0.75	%		1.50	%		14.24	%		15.11	%
2023		25.12		26.83		2,630,371		70,219,608		0.05	%		0.75	%		1.50	%		21.87	%		22.78	%
2022		20.61		21.85		3,071,316		66,826,527		0.00	%		0.75	%		1.50	%		(20.64	)%		(20.05	)%
2021		25.98		27.33		3,191,183		86,898,259		0.03	%		0.75	%		1.50	%		23.79	%		24.72	%
2020		20.99		21.91		3,719,603		81,263,271		0.22	%		0.75	%		1.50	%		20.38	%		21.29	%
MFS New Discovery Series - Initial Class
2024	$	7.74	$	7.79		144,132	$	1,120,063		0.00	%		0.45	%		0.60	%		6.08	%		6.24	%
2023		7.30		7.33		112,894		825,853		0.00	%		0.45	%		0.60	%		13.73	%		13.90	%
2022		6.42		6.44		83,316		535,322		0.00	%		0.45	%		0.60	%		(30.18	)%		(30.07	)%
06/04/2021 - 12/31/2021		9.19		9.20		51,616		474,580		0.00	%		0.45	%		0.60	%		(2.60	)%		(2.60	)%
MFS Total Return Series - Service Class
2024	$	10.56	$	23.62		24,380,460	$	427,843,862		2.29	%		0.30	%		2.00	%		5.32	%		7.14	%
2023		9.96		22.07		25,902,580		441,992,922		1.83	%		0.30	%		2.00	%		8.04	%		9.89	%
2022		9.22		20.10		26,167,176		427,543,562		1.49	%		0.30	%		2.00	%		(11.62	)%		(10.11	)%
2021		11.06		22.39		25,716,660		487,383,226		1.63	%		0.30	%		2.00	%		11.58	%		13.49	%
2020		12.70		19.80		25,334,270		439,107,285		2.09	%		0.30	%		2.00	%		7.35	%		9.19	%
MFS Utilities Series - Initial Class
2024	$	12.24	$	12.31		73,435	$	903,771		2.32	%		0.45	%		0.60	%		10.99	%		11.16	%
2023		11.03		11.08		24,318		269,046		4.01	%		0.45	%		0.60	%		(2.69	)%		(2.55	)%
2022		11.33		11.37		14,917		169,207		2.39	%		0.45	%		0.60	%		0.15	%		0.30	%
05/27/2021 - 12/31/2021		11.32		11.33		3,473		39,321		3.21	%		0.45	%		0.60	%		9.35	%		9.35	%
MFS Utilities Series - Service Class
2024	$	9.64	$	22.72		3,227,228	$	56,285,784		2.07	%		0.30	%		2.00	%		9.13	%		11.01	%
2023		10.03		20.49		3,418,861		56,800,402		3.24	%		0.30	%		2.00	%		(4.26	)%		(2.62	)%
2022		10.42		21.06		3,834,938		68,766,145		2.33	%		0.30	%		2.00	%		(1.51	)%		0.18	%
2021		16.71		21.05		3,442,435		62,595,733		1.55	%		0.30	%		2.00	%		11.57	%		13.48	%
2020		14.95		18.56		3,359,918		54,424,836		2.14	%		0.30	%		2.00	%		3.53	%		5.31	%
MFS Value Series - Initial Class
2024	$	13.53	$	13.61		105,332	$	1,431,687		1.49	%		0.45	%		0.60	%		10.94	%		11.11	%
2023		12.19		12.25		74,855		915,486		1.03	%		0.45	%		0.60	%		7.29	%		7.45	%
2022		11.36		11.40		10,879		123,945		1.58	%		0.45	%		0.60	%		(6.47	)%		(6.33	)%
06/01/2021 - 12/31/2021		12.15		12.17		1,860		22,607		2.30	%		0.45	%		0.60	%		7.65	%		7.65	%
MFS Value Series - Service Class
2024	$	30.88	$	40.10		2,106,819	$	73,284,672		1.44	%		0.75	%		1.50	%		9.69	%		10.52	%
2023		28.15		36.29		2,380,558		75,049,284		1.41	%		0.75	%		1.50	%		6.04	%		6.83	%
2022		26.55		33.97		2,587,909		76,443,736		1.15	%		0.75	%		1.50	%		(7.54	)%		(6.84	)%
2021		28.71		36.46		2,845,409		90,326,492		1.14	%		0.75	%		1.50	%		23.29	%		24.22	%
2020		23.29		29.35		3,263,118		83,597,607		1.36	%		0.75	%		1.50	%		1.68	%		2.45	%
TOPS Aggressive Growth ETF Class 1
2024	$	12.16	$	12.24		46,301	$	565,950		1.57	%		0.45	%		0.60	%		11.70	%		11.70	%
2023		10.95		10.95		38,921		426,330		3.65	%		0.45	%		0.45	%		17.24	%		17.24	%
01/05/2022 - 12/31/2022		9.34		9.34		452		4,222		0.14	%		0.45	%		0.45	%		(15.26	)%		(15.26	)%
TOPS Balanced ETF Class 1
2024	$	11.09	$	11.16		14,240	$	158,590		2.15	%		0.45	%		0.60	%		6.40	%		6.56	%
2023		10.43		10.47		14,402		150,593		1.66	%		0.45	%		0.60	%		11.09	%		11.25	%
2022		9.39		9.41		21,162		199,059		2.92	%		0.45	%		0.60	%		(11.52	)%		(11.52	)%
11/10/2021 - 12/31/2021		10.61		10.61		5,092		54,014		0.00	%		0.60	%		0.60	%		0.25	%		0.25	%
TOPS Conservative ETF Class 1
2024	$	10.96	$	10.96		30,230	$	331,376		2.85	%		0.45	%		0.45	%		5.74	%		5.74	%
2023		10.37		10.37		25,996		269,486		2.12	%		0.45	%		0.45	%		8.99	%		8.99	%
03/25/2022 - 12/31/2022		9.51		9.51		33,232		316,097		1.79	%		0.45	%		0.45	%		(6.16	)%		(6.16	)%

SA-113

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

TOPS Growth ETF Class 1
2024	$	11.94	$	12.01		62,875	$	753,976		1.60	%		0.45	%		0.60	%		10.42	%		10.59	%
2023		10.81		10.86		44,017		477,731		2.81	%		0.45	%		0.60	%		15.71	%		15.89	%
2022		9.34		9.37		18,405		172,321		0.74	%		0.45	%		0.60	%		(15.06	)%		(14.94	)%
02/19/2021 - 12/31/2021		11.00		11.02		23,646		260,159		0.79	%		0.45	%		0.60	%		9.87	%		9.87	%
TOPS Managed Risk Balanced ETF Class 1
2024	$	10.68	$	10.68		61,070	$	652,118		2.96	%		0.45	%		0.45	%		5.90	%		5.90	%
06/20/2023 - 12/31/2023		10.08		10.08		61,521		620,318		1.09	%		0.45	%		0.45	%		4.83	%		4.83	%
TOPS Managed Risk Growth ETF Class 1
2024	$	10.93	$	11.00		59,657	$	654,788		3.87	%		0.45	%		0.60	%		7.35	%		7.51	%
2023		10.19		10.23		22,183		225,994		0.22	%		0.45	%		0.60	%		10.87	%		10.87	%
04/22/2022 - 12/31/2022		9.23		9.23		931		8,594		13.74	%		0.45	%		0.45	%		(6.16	)%		(6.16	)%
TOPS Managed Risk Moderate Growth ETF Class 1 (5)
04/12/2024 - 12/31/2024	$	10.84	$	10.84		22,850	$	247,648		4.35	%		0.45	%		0.45	%		5.70	%		5.70	%
TOPS Moderate Growth ETF Class 1
2024	$	11.55	$	11.55		6,880	$	79,476		2.46	%		0.45	%		0.45	%		8.50	%		8.50	%
2023		10.65		10.65		1,416		15,078		3.20	%		0.45	%		0.45	%		13.30	%		13.30	%
09/20/2022 - 12/31/2022		9.40		9.40		5,675		53,328		6.09	%		0.45	%		0.45	%		2.03	%		2.03	%
PIMCO CommodityRealReturn Strategy - Advisor Class
2024	$	6.35	$	13.44		2,168,885	$	16,832,591		2.02	%		0.30	%		2.00	%		1.90	%		3.65	%
2023		6.23		12.96		2,497,590		18,765,460		16.73	%		0.30	%		2.00	%		(9.75	)%		(8.21	)%
2022		6.91		14.12		3,924,178		31,714,469		22.33	%		0.30	%		2.00	%		6.52	%		8.34	%
2021		6.49		13.03		2,992,278		22,232,847		4.15	%		0.30	%		2.00	%		30.48	%		32.71	%
2020		4.97		9.82		1,545,855		8,631,904		6.09	%		0.30	%		2.00	%		(0.78	)%		0.93	%
PIMCO Emerging Markets Bond - Institutional Class
2024	$	9.74	$	9.79		39,082	$	382,510		6.70	%		0.45	%		0.60	%		7.07	%		7.23	%
2023		9.09		9.13		19,653		179,405		5.79	%		0.45	%		0.60	%		10.65	%		10.81	%
2022		8.22		8.24		34,412		283,162		5.08	%		0.45	%		0.60	%		(16.01	)%		(15.89	)%
05/27/2021 - 12/31/2021		9.79		9.80		16,290		159,513		4.84	%		0.45	%		0.60	%		(1.26	)%		(1.26	)%
PIMCO Income - Advisor Class
2024	$	10.19	$	11.85		6,402,790	$	72,579,509		5.77	%		0.30	%		2.00	%		3.22	%		5.00	%
2023		9.78		11.28		3,902,504		42,536,033		5.23	%		0.30	%		2.00	%		6.02	%		7.84	%
2022		9.14		10.46		1,966,152		20,110,768		3.70	%		0.30	%		2.00	%		(9.61	)%		(8.07	)%
2021		10.01		11.38		1,783,521		20,022,762		2.84	%		0.30	%		2.00	%		0.03	%		1.59	%
05/07/2020 - 12/31/2020		11.09		11.20		470,049		5,238,100		3.43	%		0.30	%		1.85	%		11.14	%		11.14	%
PIMCO Long-Term U.S. Government - Institutional Class
2024	$	6.84	$	6.88		134,465	$	924,599		2.92	%		0.45	%		0.60	%		(6.44	)%		(6.30	)%
2023		7.31		7.34		71,317		523,705		2.55	%		0.45	%		0.60	%		3.52	%		3.67	%
01/28/2022 - 12/31/2022		7.06		7.08		29,262		207,220		2.31	%		0.45	%		0.60	%		(26.73	)%		(26.73	)%
PIMCO Low Duration - Institutional Class
2024	$	10.06	$	10.12		533,389	$	5,387,017		4.14	%		0.45	%		0.60	%		4.03	%		4.19	%
2023		9.67		9.71		366,555		3,553,512		3.86	%		0.45	%		0.60	%		4.51	%		4.66	%
2022		9.25		9.28		77,215		716,581		2.16	%		0.45	%		0.60	%		(5.98	)%		(5.98	)%
08/31/2021 - 12/31/2021		9.87		9.87		4,367		43,104		0.83	%		0.45	%		0.45	%		(0.94	)%		(0.94	)%
PIMCO Total Return - Institutional Class
2024	$	9.09	$	9.15		652,893	$	5,965,341		4.21	%		0.45	%		0.60	%		2.07	%		2.23	%
2023		8.91		8.95		280,745		2,508,371		3.73	%		0.45	%		0.60	%		5.46	%		5.62	%
2022		8.45		8.47		176,640		1,495,415		3.20	%		0.45	%		0.60	%		(14.62	)%		(14.49	)%
06/04/2021 - 12/31/2021		9.89		9.91		11,473		113,523		2.04	%		0.45	%		0.60	%		0.17	%		0.17	%
Schwab Government Money Market (7)
2024
01/06/2023 - 02/06/2023	$	10.07	$	10.07		-	$	-		4.03	%		0.60	%		0.60	%		0.27	%		0.27	%
2022
06/09/2021 - 07/09/2021		9.98		9.98		-		-		0.01	%		0.60	%		0.60	%		(0.05	)%		(0.05	)%
Schwab S&P 500 Index
2024	$	15.57	$	15.66		4,311,685	$	67,477,754		1.40	%		0.45	%		0.60	%		24.20	%		24.39	%
2023		12.53		12.59		3,146,732		39,591,138		1.34	%		0.45	%		0.60	%		25.47	%		25.66	%
2022		9.99		10.02		1,978,924		19,818,575		1.37	%		0.45	%		0.60	%		(18.60	)%		(18.48	)%
04/15/2021 - 12/31/2021		12.27		12.29		646,971		7,947,848		1.05	%		0.45	%		0.60	%		15.04	%		15.04	%

SA-114

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

Schwab VIT Balanced
2024	$	13.63	$	15.88		3,399,213	$	53,683,595		2.28	%		0.60	%		1.00	%		6.78	%		7.21	%
2023		12.77		14.81		4,005,593		59,055,843		1.87	%		0.60	%		1.00	%		10.85	%		11.29	%
2022		11.52		13.31		4,329,481		57,333,835		1.55	%		0.60	%		1.00	%		(15.56	)%		(15.22	)%
2021		13.64		15.70		4,750,975		74,263,716		1.32	%		0.60	%		1.00	%		7.11	%		7.54	%
2020		12.74		14.60		4,960,747		72,154,553		1.87	%		0.60	%		1.00	%		7.15	%		7.58	%
Schwab VIT Balanced with Growth
2024	$	15.61	$	19.01		7,113,553	$	132,588,958		2.07	%		0.60	%		1.00	%		8.88	%		9.32	%
2023		14.34		17.39		7,756,448		132,414,291		1.65	%		0.60	%		1.00	%		13.72	%		14.17	%
2022		12.61		15.23		8,399,508		125,849,734		1.63	%		0.60	%		1.00	%		(16.84	)%		(16.51	)%
2021		15.16		18.25		8,750,082		157,164,117		1.34	%		0.60	%		1.00	%		10.31	%		10.76	%
2020		13.74		16.47		9,090,166		147,549,098		2.05	%		0.60	%		1.00	%		8.99	%		9.43	%
Schwab VIT Growth
2024	$	17.50	$	22.44		6,589,384	$	146,109,152		1.91	%		0.60	%		1.00	%		10.66	%		11.10	%
2023		15.82		20.20		7,456,726		148,945,282		1.55	%		0.60	%		1.00	%		16.36	%		16.82	%
2022		13.59		17.29		8,001,432		136,930,457		1.69	%		0.60	%		1.00	%		(18.06	)%		(17.74	)%
2021		16.59		21.01		8,380,425		174,453,014		1.31	%		0.60	%		1.00	%		13.53	%		13.98	%
2020		14.61		18.44		8,553,128		156,509,222		2.02	%		0.60	%		1.00	%		10.23	%		10.67	%
State Street Total Return V.I.S. Class 3
2024	$	17.62	$	21.09		1,145,422	$	22,881,334		0.89	%		0.30	%		2.00	%		8.85	%		10.72	%
2023		9.70		25.67		16,058,952		284,407,551		2.01	%		0.30	%		2.00	%		12.93	%		14.86	%
2022		9.00		22.37		17,034,547		273,070,007		0.39	%		0.30	%		2.00	%		(18.37	)%		(16.97	)%
2021		10.95		26.97		19,124,200		378,586,903		1.78	%		0.30	%		2.00	%		10.96	%		12.86	%
2020		11.97		23.92		21,256,530		383,179,392		1.62	%		0.30	%		2.00	%		4.04	%		5.82	%
T. Rowe Price Blue Chip Growth - I
2024	$	13.56	$	13.64		178,903	$	2,436,306		0.00	%		0.45	%		0.60	%		34.70	%		34.90	%
2023		10.07		10.11		171,232		1,730,253		0.00	%		0.45	%		0.60	%		48.40	%		48.62	%
2022		6.79		6.80		129,871		882,973		0.00	%		0.45	%		0.60	%		(38.87	)%		(38.78	)%
05/20/2021 - 12/31/2021		11.10		11.11		5,658		62,832		0.00	%		0.45	%		0.60	%		11.93	%		11.93	%
T. Rowe Price Equity Income - I
2024	$	13.77	$	13.85		68,796	$	951,791		1.96	%		0.45	%		0.60	%		11.03	%		11.20	%
2023		12.40		12.46		39,785		495,295		2.22	%		0.45	%		0.60	%		8.89	%		9.05	%
2022		11.39		11.42		25,404		289,969		2.13	%		0.45	%		0.60	%		(3.92	)%		(3.78	)%
05/27/2021 - 12/31/2021		11.85		11.87		9,815		116,412		1.92	%		0.45	%		0.60	%		3.12	%		3.12	%
T. Rowe Price Health Sciences - I
2024	$	9.45	$	9.51		122,255	$	1,160,549		0.00	%		0.45	%		0.60	%		1.04	%		1.20	%
2023		9.36		9.40		64,409		603,898		0.00	%		0.45	%		0.60	%		2.35	%		2.50	%
2022		9.14		9.17		48,604		444,836		0.00	%		0.45	%		0.60	%		(13.00	)%		(12.87	)%
05/20/2021 - 12/31/2021		10.51		10.52		27,656		290,718		0.00	%		0.45	%		0.60	%		9.95	%		9.95	%
VanEck VIP Global Resources Class S
2024	$	7.23	$	10.55		2,194,540	$	18,765,928		2.41	%		0.30	%		2.00	%		(5.02	)%		(3.38	)%
2023		7.62		10.92		2,415,176		21,306,663		2.48	%		0.30	%		2.00	%		(5.74	)%		(4.12	)%
2022		8.08		11.39		3,035,536		27,805,678		1.58	%		0.30	%		2.00	%		5.99	%		7.80	%
2021		7.62		10.57		2,542,123		21,787,494		0.31	%		0.30	%		2.00	%		16.33	%		18.32	%
2020		6.55		8.93		2,482,148		17,927,047		0.79	%		0.30	%		2.00	%		16.47	%		18.47	%
Vanguard VIF Balanced
2024	$	12.82	$	12.90		1,845,336	$	23,788,592		2.12	%		0.45	%		0.60	%		14.11	%		14.28	%
2023		11.24		11.29		1,339,837		15,111,338		1.97	%		0.45	%		0.60	%		13.64	%		13.81	%
2022		9.89		9.92		1,051,615		10,422,713		1.40	%		0.45	%		0.60	%		(14.81	)%		(14.69	)%
04/20/2021 - 12/31/2021		11.61		11.62		350,026		4,067,133		0.00	%		0.45	%		0.60	%		11.37	%		11.37	%
Vanguard VIF Capital Growth
2024	$	13.47	$	13.55		219,533	$	2,973,410		1.01	%		0.45	%		0.60	%		12.73	%		12.90	%
2023		11.95		12.00		179,217		2,150,186		0.93	%		0.45	%		0.60	%		27.22	%		27.41	%
2022		9.39		9.42		134,526		1,266,884		0.76	%		0.45	%		0.60	%		(15.99	)%		(15.86	)%
04/15/2021 - 12/31/2021		11.18		11.20		31,631		353,911		0.00	%		0.45	%		0.60	%		6.37	%		6.37	%
Vanguard VIF Conservative Allocation
2024	$	10.48	$	10.54		626,590	$	6,606,501		2.69	%		0.45	%		0.60	%		6.84	%		7.01	%
2023		9.81		9.85		628,969		6,196,920		1.53	%		0.45	%		0.60	%		11.84	%		12.01	%
2022		8.77		8.80		374,633		3,295,449		1.64	%		0.45	%		0.60	%		(15.40	)%		(15.28	)%
06/11/2021 - 12/31/2021		10.37		10.38		237,720		2,467,280		0.00	%		0.45	%		0.60	%		1.58	%		1.58	%

SA-115

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

Vanguard VIF Diversified Value
2024	$	14.69	$	14.78		316,785	$	4,674,780		1.20	%		0.45	%		0.60	%		14.20	%		14.37	%
2023		12.87		12.92		100,832		1,300,113		1.48	%		0.45	%		0.60	%		19.41	%		19.59	%
2022		10.77		10.81		105,601		1,139,243		1.04	%		0.45	%		0.60	%		(12.02	)%		(11.89	)%
06/28/2021 - 12/31/2021		12.25		12.26		69,707		853,777		0.00	%		0.45	%		0.60	%		8.26	%		8.26	%
Vanguard VIF Equity Income
2024	$	14.65	$	14.73		441,464	$	6,496,716		2.55	%		0.45	%		0.60	%		14.43	%		14.60	%
2023		12.80		12.86		269,359		3,460,687		2.15	%		0.45	%		0.60	%		7.45	%		7.61	%
2022		11.91		11.95		180,021		2,147,027		0.88	%		0.45	%		0.60	%		(1.25	)%		(1.11	)%
05/20/2021 - 12/31/2021		12.06		12.08		23,308		281,222		0.00	%		0.45	%		0.60	%		7.60	%		7.60	%
Vanguard VIF Equity Index
2024	$	15.50	$	15.60		261,853	$	4,082,260		1.32	%		0.45	%		0.60	%		24.09	%		24.28	%
2023		12.49		12.55		251,192		3,151,303		1.34	%		0.45	%		0.60	%		25.55	%		25.55	%
2022		10.00		10.00		208,502		2,083,980		1.41	%		0.45	%		0.45	%		(18.60	)%		(18.60	)%
08/20/2021 - 12/31/2021		12.28		12.28		212,163		2,604,985		0.00	%		0.45	%		0.45	%		7.61	%		7.61	%
Vanguard VIF Global Bond Index
2024	$	9.14	$	9.19		196,572	$	1,803,416		2.58	%		0.45	%		0.60	%		1.42	%		1.57	%
2023		9.01		9.05		168,791		1,524,363		1.59	%		0.45	%		0.60	%		5.88	%		6.04	%
2022		8.51		8.54		111,871		952,989		2.75	%		0.45	%		0.60	%		(13.65	)%		(13.52	)%
08/10/2021 - 12/31/2021		9.86		9.87		89,388		881,132		0.00	%		0.45	%		0.60	%		(1.07	)%		(1.07	)%
Vanguard VIF Growth
2024	$	13.59	$	13.67		565,744	$	7,716,652		0.26	%		0.45	%		0.60	%		32.34	%		32.53	%
2023		10.27		10.31		378,782		3,901,138		0.18	%		0.45	%		0.60	%		39.30	%		39.51	%
2022		7.37		7.39		199,651		1,474,307		0.00	%		0.45	%		0.60	%		(33.76	)%		(33.66	)%
06/28/2021 - 12/31/2021		11.13		11.14		58,457		650,554		0.00	%		0.45	%		0.60	%		5.37	%		5.37	%
Vanguard VIF High Yield Bond
2024	$	10.83	$	10.90		348,525	$	3,792,335		5.17	%		0.45	%		0.60	%		5.81	%		5.97	%
2023		10.24		10.28		192,439		1,976,860		3.72	%		0.45	%		0.60	%		11.00	%		11.17	%
2022		9.22		9.25		98,151		907,159		4.11	%		0.45	%		0.60	%		(9.90	)%		(9.77	)%
07/29/2021 - 12/31/2021		10.24		10.25		38,653		395,887		0.00	%		0.45	%		0.60	%		0.62	%		0.62	%
Vanguard VIF International
2024	$	7.58	$	7.63		470,055	$	3,578,869		1.04	%		0.45	%		0.60	%		8.36	%		8.52	%
2023		7.00		7.03		217,181		1,524,605		0.85	%		0.45	%		0.60	%		13.97	%		14.14	%
2022		6.14		6.16		69,731		429,107		0.86	%		0.45	%		0.60	%		(30.54	)%		(30.43	)%
06/04/2021 - 12/31/2021		8.84		8.85		20,011		176,994		0.00	%		0.45	%		0.60	%		(5.60	)%		(5.60	)%
Vanguard VIF Mid-Cap Index
2024	$	12.36	$	12.43		1,090,098	$	13,536,937		1.20	%		0.45	%		0.60	%		14.38	%		14.56	%
2023		10.80		10.85		639,941		6,939,643		1.15	%		0.45	%		0.60	%		15.14	%		15.31	%
2022		9.38		9.41		361,211		3,398,328		0.84	%		0.45	%		0.60	%		(19.31	)%		(19.18	)%
06/03/2021 - 12/31/2021		11.63		11.64		59,953		697,633		0.00	%		0.45	%		0.60	%		9.62	%		9.62	%
Vanguard VIF Moderate Allocation
2024	$	11.19	$	11.26		1,813,191	$	20,398,427		2.26	%		0.45	%		0.60	%		9.66	%		9.83	%
2023		10.21		10.25		1,717,932		17,602,412		2.00	%		0.45	%		0.60	%		14.86	%		15.03	%
2022		8.89		8.91		1,535,831		13,681,505		1.79	%		0.45	%		0.60	%		(16.43	)%		(16.30	)%
05/28/2021 - 12/31/2021		10.63		10.65		633,207		6,740,837		0.00	%		0.45	%		0.60	%		3.74	%		3.74	%
Vanguard VIF Real Estate Index
2024	$	11.28	$	11.35		289,357	$	3,281,024		2.89	%		0.45	%		0.60	%		4.11	%		4.27	%
2023		10.84		10.89		215,143		2,340,660		1.94	%		0.45	%		0.60	%		11.03	%		11.20	%
2022		9.76		9.79		134,155		1,313,023		1.70	%		0.45	%		0.60	%		(26.74	)%		(26.63	)%
07/08/2021 - 12/31/2021		13.32		13.34		15,024		200,384		0.00	%		0.45	%		0.60	%		13.57	%		13.57	%
Vanguard VIF Short-Term Investment-Grade
2024	$	10.20	$	10.26		1,343,877	$	13,773,502		3.09	%		0.45	%		0.60	%		4.26	%		4.42	%
2023		9.78		9.83		682,586		6,700,819		1.78	%		0.45	%		0.60	%		5.52	%		5.68	%
2022		9.27		9.30		432,776		4,020,516		1.34	%		0.45	%		0.60	%		(6.29	)%		(6.14	)%
07/27/2021 - 12/31/2021		9.89		9.91		116,337		1,151,665		0.00	%		0.45	%		0.60	%		(1.11	)%		(1.11	)%
Vanguard VIF Total Bond Market Index
2024	$	9.00	$	9.05		3,733,509	$	33,767,470		2.14	%		0.45	%		0.60	%		0.63	%		0.79	%
2023		8.94		8.98		1,660,787		14,899,607		2.04	%		0.45	%		0.60	%		4.95	%		5.10	%
2022		8.52		8.54		890,474		7,602,858		1.93	%		0.45	%		0.60	%		(13.73	)%		(13.60	)%
06/16/2021 - 12/31/2021		9.88		9.89		651,423		6,439,338		0.00	%		0.45	%		0.60	%		0.25	%		0.25	%

SA-116

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (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

Vanguard VIF Total International Stock Market Index
2024	$	10.27	$	10.33		1,762,408	$	18,192,372		2.66	%		0.45	%		0.60	%		4.42	%		4.58	%
2023		9.84		9.88		1,194,839		11,794,873		2.59	%		0.45	%		0.60	%		14.85	%		15.02	%
2022		8.56		8.59		836,490		7,181,273		2.26	%		0.45	%		0.60	%		(16.52	)%		(16.39	)%
04/15/2021 - 12/31/2021		10.26		10.27		299,572		3,075,817		0.00	%		0.45	%		0.60	%		0.93	%		0.93	%
Vanguard VIF Total Stock Market Index
2024	$	14.53	$	14.61		1,534,665	$	22,406,534		1.10	%		0.45	%		0.60	%		22.97	%		23.16	%
2023		11.81		11.86		1,025,214		12,155,090		1.01	%		0.45	%		0.60	%		25.20	%		25.39	%
2022		9.43		9.46		764,373		7,228,967		1.19	%		0.45	%		0.60	%		(20.07	)%		(19.95	)%
06/01/2021 - 12/31/2021		11.80		11.82		296,337		3,501,023		0.00	%		0.45	%		0.60	%		11.30	%		11.30	%

	(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, divided by the average daily net assets (See Note 3 in Notes to Financial Statements). 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 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 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 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)	Operations commenced or resumed during 2024 (See Note 1 in Notes to Financial Statements).
	(6)	The annualized investment income ratio for the Fidelity VIP FundsManager 60% Investor Class Variable Account was 64.17% for 2022. The high investment income ratio was due to a large purchase received shortly before the annual investment income distribution in December 2022.
	(7)	There has been no activities in the Schwab Government Money Market Variable Account since February 6, 2023.

SA-117

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of

Pacific Life Insurance Company:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of Separate Account A of Pacific Life Insurance Company (the "Separate Account") comprising the variable accounts listed in Appendix A, including the schedules of investments as of December 31, 2024, the related statements of operations and statements of changes in net asset for the periods indicated in Appendix A, and the related notes which include the financial highlights(collectively, the “financial statements”).In our opinion, the financial statements 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, 2024, and the results of their operations and changes in their net assets for the periods indicated in Appendix A in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements 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, 2024, by correspondence with the transfer agents. We believe that our audits provide a reasonable basis for our opinion.

Costa Mesa, California

March 12, 2025

We have served as the auditor of Separate Account A of Pacific Life Insurance Company since 1996.

SA-118

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Continued)

APPENDIX A

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets
Bond Plus Class I	For the period November 11, 2024 (commencement of operations) through December 31, 2024
Core Income Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Diversified Bond Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Floating Rate Income Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Floating Rate Income Class P	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
High Yield Bond Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Inflation Managed Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Intermediate Bond Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Managed Bond Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Short Duration Bond Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Emerging Markets Debt Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Dividend Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Equity Index Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Focused Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Hedged Equity Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Hedged Equity Class P	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Large-Cap Core Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Large-Cap Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Large-Cap Plus Bond Alpha Class I	For the period November 27, 2024 (commencement of operations) through December 31, 2024
Large-Cap Value Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Mid-Cap Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Mid-Cap Plus Bond Alpha Class I (formerly Mid-Cap Equity Class I)	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Mid-Cap Value Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
QQQ® Plus Bond Alpha Class I	For the period November 12, 2024 (commencement of operations) through December 31, 2024
Small-Cap Equity Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Small-Cap Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Small-Cap Index Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Small-Cap Plus Bond Alpha Class I	For the period November 8, 2024 (commencement of operations) through December 31, 2024
Small-Cap Value Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Value Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Value Advantage Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Emerging Markets Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024

SA-119

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Continued)

APPENDIX A (Continued)

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets
International Equity Plus Bond Alpha Class I	For the period November 22, 2024 (commencement of operations) through December 31, 2024
International Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
International Large-Cap Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
International Small-Cap Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
International Value Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Health Sciences Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Real Estate Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Technology Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
ESG Diversified Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
ESG Diversified Class P	For the period October 17, 2024 (commencement of operations) through December 31, 2024	For the period October 17, 2024 (commencement of operations) through December 31, 2024 and for the period January 1, 2023 to April 21, 2023
ESG Diversified Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
ESG Diversified Growth Class P	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
PSF Avantis Balanced Allocation Class D	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
PSF Avantis Balanced Allocation Class P	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Pacific Dynamix - Conservative Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Pacific Dynamix - Conservative Growth Class P	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Pacific Dynamix - Moderate Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Pacific Dynamix - Moderate Growth Class P	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Pacific Dynamix - Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Pacific Dynamix - Growth Class P	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Pacific Dynamix - Aggressive Growth Class I	For the period May 17, 2024 (commencement of operations) through December 31, 2024
Portfolio Optimization Conservative Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Portfolio Optimization Moderate-Conservative Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Portfolio Optimization Moderate Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Portfolio Optimization Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Portfolio Optimization Aggressive-Growth Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco Oppenheimer V.I. International Growth Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco Oppenheimer V.I. International Growth Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. American Value Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Balanced-Risk Allocation Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Balanced-Risk Allocation Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Discovery Mid Cap Growth Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024

SA-120

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Continued)

APPENDIX A (Continued)

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets
Invesco® V.I. Equity and Income Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. EQV International Equity Series I	For the year ended December 31, 2024	For the year ended December 31, 2024 and for the period May 26, 2023 (commencement of operations) to December 31, 2023
Invesco® V.I. Global Real Estate Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Global Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Main Street Small Cap Fund® Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Nasdaq 100 Buffer Fund - December Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Nasdaq 100 Buffer Fund - December Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Nasdaq 100 Buffer Fund - June Series I	For the year ended December 31, 2024	For the year ended December 31, 2024 and for the period May 18, 2023 (commencement of operations) to December 31, 2023
Invesco® V.I. Nasdaq 100 Buffer Fund - June Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Nasdaq 100 Buffer Fund - March Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Nasdaq 100 Buffer Fund - March Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Nasdaq 100 Buffer - September Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Nasdaq 100 Buffer - September Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. S&P 500 Buffer Fund - December Series I	For the year ended December 31, 2024	For the year ended December 31, 2024 and for the period May 24, 2023 (commencement of operations) to December 31, 2023
Invesco® V.I. S&P 500 Buffer Fund - December Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. S&P 500 Buffer Fund - June Series I	For the year ended December 31, 2024	For the year ended December 31, 2024 and for the period April 27, 2023 (commencement of operations) to December 31, 2023
Invesco® V.I. S&P 500 Buffer Fund - June Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. S&P 500 Buffer Fund - March Series I	For the period March 14, 2024 (commencement of operations) to December 31, 2024
Invesco® V.I. S&P 500 Buffer Fund - March Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. S&P 500 Buffer - September Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. S&P 500 Buffer - September Series II	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Invesco® V.I. Technology Series I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS American High-Income Trust Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Asset Allocation Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Asset Allocation Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Capital Income Builder® Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Capital Income Builder® Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Capital World Bond Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Capital World Bond Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Capital World Growth and Income Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024

SA-121

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Continued)

APPENDIX A (Continued)

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets
American Funds IS Capital World Growth and Income Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Global Balanced Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Global Growth Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Global Growth Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Global Small Capitalization Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Growth Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Growth Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Growth-Income Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Growth-Income Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS International Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS International Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS International Growth and Income Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS International Growth and Income Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Managed Risk Asset Allocation Class P1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Managed Risk Asset Allocation Class P2	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS New World Fund® Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS New World Fund® Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS The Bond Fund of America Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS The Bond Fund of America Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS U.S. Government Securities Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS U.S. Government Securities Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Washington Mutual Investors Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
American Funds IS Washington Mutual Investors Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
BlackRock® 60/40 Target Allocation ETF V.I. Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
BlackRock® Capital Appreciation V.I. Class III	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
BlackRock® Equity Dividend V.I. Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
BlackRock® Global Allocation V.I. Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
BlackRock® Global Allocation V.I. Class III	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
BlackRock® High Yield V.I. Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
BlackRock® S&P 500 Index V.I. Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
BlackRock® Small Cap Index V.I. Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
BlackRock® Total Return V.I. Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024

SA-122

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Continued)

APPENDIX A (Continued)

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets
DFA VA Equity Allocation Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
DFA VA Global Bond Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
DFA VA Global Moderate Allocation Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
DFA VA International Small Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
DFA VA International Value Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
DFA VA Short-Term Fixed Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
DFA VA US Large Value Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
DFA VA US Targeted Value Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Consumer Discretionary Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Contrafund® Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Contrafund® Service Class 2	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Emerging Markets Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Energy Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Extended Market Index Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP FundsManager® 60% Investor Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP FundsManager® 60% Service Class 2	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Government Money Market Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Government Money Market Investor Class	For the period April 16, 2024 (commencement of operations) to December 5, 2024	For the period April 16, 2024 (commencement of operations) to December 5, 2024 and for the period August 17, 2023 (commencement of operations) to September 18, 2023
Fidelity® VIP Government Money Market Service Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Growth Opportunities Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Index 500 Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Investment Grade Bond Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Strategic Income Service Class 2	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Fidelity® VIP Value Strategies Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
First Trust Dorsey Wright Tactical Core Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
First Trust/Dow Jones Dividend & Income Allocation Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Allocation VIP Class 2	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Allocation VIP Class 4	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Income VIP Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Income VIP Class 2	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Mutual Global Discovery VIP Class 2	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024

SA-123

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Continued)

APPENDIX A (Continued)

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets
Franklin Mutual Shares VIP Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Rising Dividends VIP Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Rising Dividends VIP Class 2	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Small Cap Value VIP Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Small-Mid Cap Growth VIP Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Franklin Strategic Income VIP Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Templeton Foreign VIP Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Templeton Global Bond VIP Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Templeton Global Bond VIP Class 2	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Goldman Sachs VIT Large Cap Value Institutional Shares	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Goldman Sachs VIT Mid Cap Value Institutional Shares	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Goldman Sachs VIT Strategic Growth Institutional Shares	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Goldman Sachs VIT Trends Driven Allocation Institutional Shares	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Janus Henderson Balanced Institutional Shares	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Janus Henderson Balanced Service Shares	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Janus Henderson Enterprise Institutional Shares	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Janus Henderson Flexible Bond Service Shares	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
LVIP American Century Inflation Protection Standard Class II (formerly American Century VP Inflation Protection Class I)	For the period January 26, 2024 (commencement of operations) to December 31, 2024
LVIP American Century MidCap Value Standard Class II (formerly American Century VP MidCap Value Class I)	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
LVIP American Century MidCap Value Service Class (formerly American Century VP MidCap Value Class II)	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
LVIP JPMorgan Core Bond Standard Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
LVIP JPMorgan Mid Cap Value Standard Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
LVIP JPMorgan U.S. Equity Standard Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Western Asset Core Plus VIT Class I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Lord Abbett Bond Debenture Class VC	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Lord Abbett Total Return Class VC	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Macquarie VIP Asset Strategy Series Service Class II (formerly Delaware Ivy VIP Asset Strategy Class II)	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Macquarie VIP Energy Series Service Class II (formerly Delaware Ivy VIP Energy Class II)	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
MFS® International Growth - Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024

SA-124

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Continued)

APPENDIX A (Continued)

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets
MFS® Massachusetts Investors Growth Stock - Service Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
MFS® New Discovery Series - Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
MFS® Total Return Series - Service Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
MFS® Utilities Series - Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
MFS® Utilities Series - Service Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
MFS® Value Series - Initial Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
MFS® Value Series - Service Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
TOPS® Aggressive Growth ETF Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
TOPS® Balanced ETF Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
TOPS® Conservative ETF Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
TOPS® Growth ETF Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
TOPS® Managed Risk Balanced ETF Class 1	For the year ended December 31, 2024	For the year ended December 31, 2024 and for the period June 20, 2023 (commencement of operations) to December 31, 2023
TOPS® Managed Risk Growth ETF Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
TOPS® Managed Risk Moderate Growth ETF Class 1	For the period April 12, 2024 (commencement of operations) to December 31, 2024
TOPS® Moderate Growth ETF Class 1	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
PIMCO CommodityRealReturn Strategy - Advisor Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
PIMCO Emerging Markets Bond - Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
PIMCO Income - Advisor Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
PIMCO Long-Term U.S. Government - Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
PIMCO Low Duration - Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
PIMCO Total Return - Institutional Class	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Schwab Government Money Market	Not Applicable	For the period January 6, 2023 (commencement of operations) to February 6, 2023
Schwab S&P 500 Index	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Schwab VIT Balanced	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Schwab VIT Balanced with Growth	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Schwab VIT Growth	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
State Street Total Return V.I.S. Class 3	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
T. Rowe Price Blue Chip Growth - I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
T. Rowe Price Equity Income - I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
T. Rowe Price Health Sciences - I	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
VanEck VIP Global Resources Class S	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Balanced	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Capital Growth	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024

SA-125

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Continued)

APPENDIX A (Continued)

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets
Vanguard® VIF Conservative Allocation	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Diversified Value	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Equity Income	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Equity Index	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Global Bond Index	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Growth	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF High Yield Bond	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF International	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Mid-Cap Index	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Moderate Allocation	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Real Estate Index	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Short-Term Investment-Grade	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Total Bond Market Index	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Total International Stock Market Index	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024
Vanguard® VIF Total Stock Market Index	For the year ended December 31, 2024	For each of the two years in the period ended December 31, 2024

SA-126

PACIFIC LIFE INSURANCE COMPANY

Financial Statements - Statutory Basis

as of December 31, 2024 and 2023 and

for the years ended December 31, 2024, 2023 and 2022,

Supplemental Schedule of Selected Financial Data

as of and for the year ended December 31, 2024,

Supplemental Summary Investment Schedule,

Supplemental Schedule of Investment Risk Interrogatories,

and Supplemental Schedule of Reinsurance Disclosures

as of December 31, 2024

and Independent Auditor's Report

INDEPENDENT AUDITOR'S REPORT

Pacific Life Insurance Company:

Opinions

We have audited the statutory-basis financial statements of Pacific Life Insurance Company (the "Company"), which comprise the statements of admitted assets, liabilities, and capital and surplus - statutory basis as of December 31, 2024 and 2023, and the related statements of operations - statutory basis, capital and surplus - statutory basis, and cash flows - statutory basis for each of the three years in the period ended December 31, 2024, and the related notes to the statutory-basis financial statements (collectively referred to as the “statutory-basis financial statements”).

Unmodified Opinion on Statutory-Basis of Accounting

In our opinion, the accompanying statutory-basis financial statements present fairly, in all material respects, the admitted assets, liabilities, and capital and surplus of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in accordance with the accounting practices prescribed or permitted by the Nebraska Department of Insurance as described in Note 1.

Adverse Opinion on Accounting Principles Generally Accepted in the United States of America

In our opinion, because of the significance of the matter described in the Basis for Adverse Opinion on Accounting Principles Generally Accepted in the United States of America section of our report, the statutory-basis financial statements do not present fairly, in accordance with accounting principles generally accepted in the United States of America, the financial position of the Company as of December 31, 2024 and 2023, or the results of its operations or its cash flows for each of the three years in the period ended December 31, 2024.

Basis for Opinions

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

Basis for Adverse Opinion on Accounting Principles Generally Accepted in the United States of America

As described in Note 1 to the statutory-basis financial statements, the statutory-basis financial statements are prepared by the Company using the accounting practices prescribed or permitted by the Nebraska Department of Insurance, which is a basis of accounting other than accounting principles generally accepted in the United States of America, to meet the requirements of the Nebraska Department of Insurance. The effects on the statutory-basis financial statements of the variances between the statutory-basis of accounting described in Note 2 and accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material and pervasive.

Responsibilities of Management for the Statutory-Basis Financial Statements

Management is responsible for the preparation and fair presentation of the statutory-basis financial statements in accordance with the accounting practices prescribed or permitted by the Nebraska Department of Insurance. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of statutory-basis financial statements that are free from material misstatement, whether due to fraud or error. In preparing the statutory-basis financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year after the date that the statutory-basis financial statements are issued.

Auditor’s Responsibilities for the Audit of the Statutory-Basis Financial Statements

Our objectives are to obtain reasonable assurance about whether the statutory-basis financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the statutory-basis financial statements.

In performing an audit in accordance with GAAS, we:

	•	Exercise professional judgment and maintain professional skepticism throughout the audit.
	•	Identify and assess the risks of material misstatement of the statutory-basis financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the statutory-basis financial statements.
	•	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Accordingly, no such opinion is expressed.
	•	Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the statutory-basis financial statements.
	•	Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time.

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

Report on Supplemental Schedules

Our 2024 audit was conducted for the purpose of forming an opinion on the 2024 statutory-basis financial statements as a whole. The supplemental schedule of selected financial data, the supplemental summary investment schedule, the supplemental schedule of investment risk interrogatories, and the supplemental schedule of reinsurance disclosures as of and for the year ended December 31, 2024 are presented for purposes of additional analysis and are not a required part of the 2024 statutory-basis financial statements. These schedules are the responsibility of the Company's management and were derived from and relate directly to the underlying accounting and other records used to prepare the statutory-basis financial statements. Such schedules have been subjected to the auditing procedures applied in our audit of the 2024 statutory-basis financial statements and certain additional procedures, including comparing and reconciling such schedules directly to the underlying accounting and other records used to prepare the statutory-basis financial statements or to the statutory-basis financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, such schedules are fairly stated in all material respects in relation to the 2024 statutory-basis financial statements as a whole.

/s/ Deloitte & Touche LLP

Costa Mesa, California

March 17, 2025

Pacific Life Insurance Company

S T A T E M E N T S   O F   A D M I T T E D   A S S E T S,

L I A B I L I T I E S   A N D   C A P I T A L   A N D   S U R P L U S - S T A T U T O R Y   B A S I S

	December 31,
(In Millions, except share data)	2024	2023
ADMITTED ASSETS
Bonds	$82,251	$76,921
Preferred stocks	1	1
Common stocks	755	687
Mortgage loans	19,596	18,648
Real estate	70	120
Cash, cash equivalents and short-term investments	2,864	3,018
Contract loans	8,527	8,187
Derivatives	3,209	2,530
Securities lending reinvested collateral assets	1,793	3,096
Other invested assets	13,563	10,710
Investment income due and accrued	945	957
Net deferred tax asset	1,009	746
Other assets	2,516	2,038
Separate account assets	72,114	65,576

TOTAL ADMITTED ASSETS	$209,213	$193,235

LIABILITIES AND CAPITAL AND SURPLUS
Liabilities:
Aggregate reserves	$73,036	$72,346
Liability for deposit-type contracts	28,797	22,005
Transfers to separate accounts due or accrued, net	(467)	(492)
Funds held under coinsurance	13,259	11,620
Other liabilities	8,275	8,965
Asset valuation reserve	2,050	1,423
Separate account liabilities	72,114	65,576
TOTAL LIABILITIES	197,064	181,443
Capital and Surplus:
Common stock - $50 par value; 600,000 shares authorized, issued and outstanding	30	30
Paid-in surplus	2,536	2,536
Other surplus adjustments	80	83
Special surplus adjustments	491	231
Unassigned surplus	7,557	7,457
Surplus notes	1,455	1,455
TOTAL CAPITAL AND SURPLUS	12,149	11,792

TOTAL LIABILITIES AND CAPITAL AND SURPLUS	$209,213	$193,235

See Notes to Financial Statements - Statutory Basis

Pacific Life Insurance Company

S T A T E M E N T S   O F   O P E R A T I O N S - S T A T U T O R Y   B A S I S

	Years Ended December 31,
(In Millions)	2024	2023	2022
REVENUES
Premiums and annuity considerations	$13,678	$3,955	$14,298
Net investment income	3,946	3,818	3,401
Reserve adjustments on reinsurance ceded	(1,023)	(526)	(450)
Separate account fees	1,406	1,329	1,324
Other income	394	169	157
TOTAL REVENUES	18,401	8,745	18,730

BENEFITS AND EXPENSES
Current and future policy benefits	16,624	7,702	15,322
Commission expense	1,563	1,078	1,057
Operating expenses	1,787	1,177	1,210
TOTAL BENEFITS AND EXPENSES	19,974	9,957	17,589

NET GAIN (LOSS) BEFORE FEDERAL INCOME TAXES	(1,573)	(1,212)	1,141
Federal income tax expense (benefit)	79	(26)	9

NET GAIN (LOSS) FROM OPERATIONS	(1,652)	(1,186)	1,132
Net realized capital gains (losses) less tax	1,830	1,237	(981)

NET INCOME	$178	$51	$151

See Notes to Financial Statements - Statutory Basis

Pacific Life Insurance Company

S T A T E M E N T S   O F   C A P I T A L   A N D   S U R P L U S - S T A T U T O R Y   B A S I S

	Common	Paid-in	Other Surplus	Special Surplus	Unassigned	Surplus
(In Millions)	Stock	Surplus	Adjustments	Adjustments	Surplus	Notes	Total
BALANCES, JANUARY 1, 2022	$30	$1,836	$122	$—	$7,690	$1,675	$11,353
Net income (loss)				254	(103)		151
Change in net unrealized capital gains (losses) less tax				74	(247)		(173)
Change in net deferred income tax					204		204
Change in nonadmitted assets					(445)		(445)
Capital contribution from parent		700					700
Change in asset valuation reserve					30		30
Surplus contributed to separate accounts					(194)		(194)
Other changes in surplus in separate accounts					194		194
Other surplus adjustment for derivatives			(31)				(31)
Net change in surplus notes						(87)	(87)
BALANCES, DECEMBER 31, 2022	30	2,536	91	328	7,129	1,588	11,702
Net income (loss)				(108)	159		51
Change in net unrealized capital gains (losses) less tax				(32)	113		81
Change in net deferred income tax					94		94
Change in nonadmitted assets					233		233
Change in asset valuation reserve					(252)		(252)
Surplus contributed to separate accounts					(198)		(198)
Other changes in surplus in separate accounts					198		198
Other surplus adjustment for derivatives			(8)				(8)
Prior period adjustment				26	(5)		21
Net change in surplus notes						(133)	(133)
Other surplus adjustments				17	(14)		3
BALANCES, DECEMBER 31, 2023	30	2,536	83	231	7,457	1,455	11,792
Net income				6	172		178
Change in net unrealized capital gains less tax				176	294		470
Change in net deferred income tax					58		58
Change in nonadmitted assets					147		147
Change in asset valuation reserve					(627)		(627)
Surplus contributed to separate accounts					(120)		(120)
Other changes in surplus in separate accounts					120		120
Other surplus adjustment for derivatives			(3)				(3)
Reinsurance gain deferral					134		134
Other surplus adjustments				78	(78)		—
BALANCES, DECEMBER 31, 2024	$30	$2,536	$80	$491	$7,557	$1,455	$12,149

See Notes to Financial Statements - Statutory Basis

Pacific Life Insurance Company

S T A T E M E N T S   O F   C A S H   F L O W S - S T A T U T O R Y   B A S I S

	Years Ended December 31,
(In Millions)	2024	2023	2022
CASH FLOWS FROM OPERATING ACTIVITIES
Premiums collected, net of reinsurance	$14,884	$15,354	$14,258
Net investment income	4,649	3,826	3,296
Other income	878	1,115	1,321
Benefits and loss related payments	(15,932)	(14,755)	(11,340)
Net transfers (to) from separate accounts	632	40	(285)
Commissions, expenses paid and other deductions	(3,397)	(2,304)	(2,190)
Dividends paid to policyholders	(8)	(8)	(8)
Federal income taxes recovered, net	26	4	358
NET CASH PROVIDED BY OPERATING ACTIVITIES	1,732	3,272	5,410

CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments sold, matured or repaid:
Bonds	12,064	6,211	8,369
Stocks	64	124	138
Mortgage loans	1,048	984	1,058
Other invested assets	6,351	5,634	2,998
Miscellaneous proceeds	4,050	2,705	2,182
Cost of investments acquired:
Bonds	(18,126)	(9,359)	(15,342)
Stocks	(72)	(66)	(182)
Mortgage loans	(2,344)	(790)	(4,183)
Other invested assets	(8,137)	(6,232)	(6,571)
Miscellaneous applications	(2,209)	(1,986)	(2,427)
Net increase in contract loans	(339)	(590)	(108)
NET CASH USED IN INVESTING ACTIVITIES	(7,650)	(3,365)	(14,068)
(Continued)
See Notes to Financial Statements - Statutory Basis

Pacific Life Insurance Company

S T A T E M E N T S   O F   C A S H   F L O W S - S T A T U T O R Y   B A S I S

	Years Ended December 31,
(In Millions)	2024	2023	2022
(Continued)
CASH FLOWS FROM FINANCING AND MISCELLANEOUS ACTIVITIES
Net deposits on deposit-type contracts	$6,557	$2,975	$7,180
Net change in surplus notes		(134)	(85)
Contribution from parent			700
Other cash provided (applied)	(793)	(618)	758
NET CASH PROVIDED BY FINANCING AND MISCELLANEOUS ACTIVITIES	5,764	2,223	8,553

Net change in cash, cash equivalents and short-term investments	(154)	2,130	(105)
Cash, cash equivalents and short-term investments, beginning of year	3,018	888	993

CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS, END OF YEAR	$2,864	$3,018	$888

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	$81	$112	$111

SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS
Bonds disposed and acquired	$828	$629	$947
Stocks disposed and acquired		184	515
Federal tax credits received	173	257	239
Bonds transferred to other invested assets		123	140
Bond interest in-kind received	38	1	2
Premiums received as asset in-kind and interest purchased and transferred to separate account	423
Reclassification from bonds to short-term investments	108
Reinsurance transaction	1,041	11,349
Asset transfer due to novation of reinsurance treaty	564
Assets in-kind received due to sale of Pacific Asset Management, LLC		169
Low income housing tax credit	50
Mortgage loan foreclosed and collateral directly contributed to affiliate	245
Other invested assets transferred to affiliated fund	95	1,043
Bond dividends received from Pacific Alliance Reinsurance Company of Vermont	49
Assets in-kind transferred to Pacific Life & Annuity Company		49

See Notes to Financial Statements - Statutory Basis

Pacific Life Insurance Company

N O T E S   T O   F I N A N C I A L   S T A T E M E N T S - S T A T U T O R Y   B A S I S

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NATURE OF OPERATIONS

Pacific Life Insurance Company (Pacific Life or the Company) was established in 1868 and is domiciled in the State of Nebraska as a stock life insurance company. The Company is an indirect subsidiary of Pacific Mutual Holding Company (PMHC), a Nebraska mutual holding company, and a wholly owned subsidiary of Pacific LifeCorp, an intermediate Delaware stock holding company.

The Company and its subsidiaries have primary business operations in the United States consisting of life insurance, annuities, and reinsurance. The Company provides life insurance products, individual annuities and mutual funds, and investment products and services to individuals and businesses.

BASIS OF PRESENTATION

The Company prepares its financial statements - statutory basis in accordance with accounting practices prescribed or permitted by the Nebraska Department of Insurance (NE DOI). The National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual (NAIC SAP) has been adopted as a component of prescribed or permitted practices by the NE DOI. Prescribed statutory accounting practices include state laws and regulations. Additionally, the Director of the NE DOI has the right to permit other specific practices, which deviate from prescribed practices.

The NE DOI has approved a permitted accounting practice, effective January 1, 2022, allowing the Company to calculate the policy reserves for funding agreements based on a methodology that differs from the NAIC SAP. Policy reserves for funding agreements are calculated based on Statement of Statutory Accounting Principle (SSAP) No. 52, Deposit-Type Contracts, and the reserving methodologies in Appendices A-820 and A-822 which utilizes a reference rate in the valuation interest rate calculation based on an average of a historical twelve-month period ending on June 30 of the calendar year of issue or purchase. In the permitted practice, the Company utilizes a reference rate in the valuation interest rate calculation based on the day of the funding agreement issuance which results in a policy reserve less than or equal to the NAIC SAP policy reserve.

The following table reconciles the Company's net income for the years ended December 31, 2024, 2023 and 2022 and statutory capital and surplus as of December 31, 2024 and 2023 between NAIC SAP and practices prescribed or permitted by the NE DOI:

	Years Ended December 31,
	2024		2023	2022
	(In Millions)
Net income, Nebraska basis	$178		$51	$151
State permitted practices that are an increase (decrease) from NAIC SAP
Change in policy reserves	(8	)	21	20
Net income, NAIC SAP	$186		$30	$131

	December 31,
	2024		2023
	(In Millions)
Statutory capital and surplus, Nebraska basis	$12,149		$11,792
State permitted practices that are an increase from NAIC SAP
Change in policy reserves	29		37
Statutory capital and surplus, NAIC SAP	$12,120		$11,755

NAIC SAP and accounting practices prescribed or permitted by the NE DOI differ in certain respects from accounting principles generally accepted in the United States of America (U.S. GAAP), which in some cases may be material. See Note 2.

In October 2022, Pacific Life announced its agreement to sell its third-party credit asset management firm, Pacific Asset Management, LLC, (PAM), whose clients include Pacific Funds Series Trust, to Aristotle Capital Management, LLC and on April 17, 2023, Pacific Life completed the sale.

In September 2023, the Company signed an indemnity reinsurance agreement with Hannover Life Reassurance Company of America (Bermuda) LTD to cede risks under certain indexed universal life insurance policies issued by the Company. Upon inception of the agreement, the Company recognized a funds held under coinsurance balance and a reduction to aggregate reserves. See Note 9.

Effective September 2024, the Company entered into a coinsurance with funds withheld agreement to cede certain group annuities to Pacific Life Re Global Limited (RGBM). Upon inception of the agreement, the Company recognized additional funds held under coinsurance balance and a reduction to aggregate reserves. See Note 9.

The Company has evaluated events subsequent to December 31, 2024 through the date the financial statements - statutory basis were available to be issued and has concluded that no events have occurred that require adjustments to these financial statements - statutory basis.

USE OF ESTIMATES

The preparation of financial statements - statutory basis in conformity with accounting practices prescribed or permitted by regulatory authorities requires management to make estimates and assumptions that affect the reported amounts of admitted assets and liabilities. It also requires disclosure of contingent assets and liabilities at the date of the financial statements - statutory basis and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

ACCOUNTING CHANGES, CORRECTIONS OF ERRORS AND RECLASSIFICATIONS

In January 2024, the NAIC adopted Interpretation 23-04T, Scottish Re Life Reinsurance Liquidation Questions (INT 23-04T), which addresses accounting and reporting for reinsurance receivables from Scottish Re's estate including impairment analysis and admissibility of reinsurance recoverables. See Note 9.

Effective August 2023, the Company adopted revisions in Interpretation 23-01, Net Negative (Disallowed) Interest Maintenance Reserve (INT 23-01) that provides amendments to SSAP No. 7, Asset Valuation Reserve and Interest Maintenance Reserve, and the annual statement instructions for the reporting of net negative (disallowed) Interest Maintenance Reserve (IMR) which provides optional, limited-time guidance allowing the admittance of net negative (disallowed) IMR up to 10% of adjusted capital and surplus. As detailed within the revisions, this change will be effective until December 31, 2025, and automatically nullified on January 1, 2026, but the effective date can be adjusted. Net negative (disallowed) IMR totaled $102 million and $18 million in aggregate as of December 31, 2024 and 2023, respectively, and was allocated between the General Account and insulated Separate Account. As of December 31, 2024 and 2023, negative IMR admitted in the General Account was $95 million and $17 million, respectively, and reported in other assets. As of December 31, 2024 and 2023, the amount of negative IMR in the insulated Separate Account was $7 million and $1 million, respectively. As of December 31, 2024 and 2023, the calculated adjusted capital and surplus totaled $10.9 billion and $11.0 billion, respectively. The percentage of admitted net negative (disallowed) IMR recognized in the adjusted capital and surplus was 0.94% and 0.17% as of December 31, 2024 and 2023, respectively (total includes admitted General and Separate Account balance). Unamortized gains and losses in the IMR related to derivatives recorded at fair value were $39 million and $36 million, respectively, as of December 31, 2024.

In September 2023, the NAIC issued Inflation Reduction Act - Corporate Alternative Minimum Tax Interpretation 23-03 (INT 23-03) which provides Corporate Alternative Minimum Tax (CAMT) reporting guidance effective for the year-end 2023 financial statements - statutory basis and periods thereafter. See Note 6.

Variable annuity contracts are subject to the Valuation Manual section VM-21 (VM-21). The Company determined a portion of the change in derivative fair value for derivatives hedging variable annuity guarantees that did not offset the designated portion of the VM-21 liability was not deferred during the year ended December 31, 2022. During 2023, the cumulative adjustment of $26 million was recorded as an increase to the deferred asset, net derivative losses from variable annuity hedge, reported in other assets and an increase of $21 million, net of tax, to unassigned surplus and corresponding reallocation to variable annuity hedge reported in special surplus adjustments. In Note 5, the adjustment to the deferred asset was included in the current year deferred recognition.

During 2020, the NAIC issued Interpretation 20-01 to provide statutory accounting and reporting guidance for the adoption of Accounting Standards Update 2020-04 Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting issued by the Financial Accounting Standards Board. This Interpretation adopts, with minor modification, the U.S. GAAP adopted guidance, which provides optional expedients and exceptions for applying current accounting guidance to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met, through December 31, 2024. The adoption of this standard did not have a material impact on the Company's financial statements - statutory basis.

FUTURE ADOPTION OF ACCOUNTING PRINCIPLES

During 2023, the NAIC adopted new statutory accounting principal revisions related to the principles-based bond project. These changes are primarily captured in amendments to SSAP No. 26 – Bonds and SSAP No. 43 – Loan-Backed and Structured Securities, which refine guidance for the principles-based bond project and are effective January 1, 2025.

INVESTMENTS AND DERIVATIVE INSTRUMENTS

Bonds not backed by other loans are generally stated at amortized cost using the effective interest method. Bonds, including loan-backed and structured securities (LBASS), with a NAIC designation of 6 are stated at the lower of amortized cost or fair value with changes in fair value recorded in unassigned surplus as a change in net unrealized capital gains (losses) less tax. Perpetual bonds that do not possess or no longer possess an effective call option shall be reported at fair value regardless of NAIC designation, otherwise reported at amortized cost.

LBASS are generally stated at amortized cost using the effective interest method. Income is determined considering anticipated cash flows based on industry prepayment models and internal estimates. These assumptions are consistent with the current interest rate and economic conditions at the time of valuation. For LBASS purchased with high credit quality and fixed interest rates, the effective yield is recalculated on a retrospective basis. For all other LBASS, including those where cash flows are deemed other than temporarily impaired, effective yield is recalculated on a prospective basis.

Preferred stocks are generally stated at amortized cost. Preferred stocks designated as low quality, lower quality and in or near default are stated at the lower of amortized cost or fair value with changes in fair value recorded in unassigned surplus as a change in net unrealized capital gains (losses) less tax. Perpetual preferred stocks are reported at fair value, not to exceed any current effective call price, with changes in fair value recorded in unassigned surplus as a change in net unrealized capital gains (losses) less tax.

Investments in unaffiliated common stocks are valued at fair value with changes in fair value recorded in unassigned surplus as a change in net unrealized capital gains (losses) less tax.

The Company has certain investments, including financial instruments, denominated in currencies other than the U.S. dollar. All assets and liabilities denominated in foreign currencies are remeasured at year end exchange rates, while revenue and expenses are measured at the transaction date and recorded in net unrealized capital gains (losses) less tax. The Company primarily uses foreign currency interest rate swaps to manage its foreign exchange risk.

Other than temporary impairment (OTTI) evaluation is a quantitative and qualitative process subject to significant estimates and management judgment. The Company has controls and procedures in place to monitor securities and identify those that are subject to greater analysis for OTTI. The Company has an investment impairment committee that reviews and evaluates investments for potential OTTI at least on a quarterly basis.

In determining whether a decline in value is other than temporary, the Company considers several factors including, but not limited to the following: the extent and duration of the decline in value, the reasons for the decline (credit event, currency or interest rate related including spread widening), the Company’s inability or lack of intent to retain the investment for a period of time sufficient to recover the amortized cost basis and the performance of the security’s underlying collateral and projected future cash flows. In projecting future cash flows, the Company incorporates inputs from third-party sources and applies reasonable judgment in developing assumptions used to estimate the probability and timing of collecting all contractual cash flows.

The Company writes down all investments that are deemed to be other than temporarily impaired in the period the securities are deemed to be impaired. Investments in common stock, preferred stock, and bonds, except for LBASS, are written down to fair value. Investments in LBASS are written down to the present value of cash flows expected to be collected, discounted at the security's effective interest rate. Any investment that the Company intends to sell at a realized loss or would be required to sell at a realized loss prior to recovery is written down to fair value. The Company records OTTI in net realized capital gains (losses) less tax.

Mortgage loans on real estate are carried at their unpaid principal balance, net of deferred origination fees, unamortized premiums and discounts and impairment losses. Mortgage loans on real estate do not include accrued interest, which is included in investment income due and accrued. The Company accrues interest income on impaired loans and bonds to the extent it is deemed collectible (delinquent less than 90 days) and the loans and bonds continue to perform under their original or restructured contractual terms. Interest income on non-performing loans is generally recognized on a cash basis. The Company generally recognizes interest income on its impaired loans upon receipt.

Investment real estate is valued at the lower of depreciated cost or market, less related mortgage debt, cumulative write downs and valuation adjustments. Depreciation of investment real estate is computed using the straight line method over estimated useful lives, which range from 5 to 30 years. Real estate investments are evaluated for impairment based on the future estimated undiscounted cash flows expected to be received during the estimated holding period. When the future estimated undiscounted cash flows are less than the current carrying value of the property (gross cost less accumulated depreciation), the property is considered impaired and is written-down to its fair value through net realized capital gains (losses) less tax.

Short-term investments are stated at amortized cost and approximate fair value. Short-term investments include, but are not limited to, bonds and commercial paper whose maturities at the time of purchase were greater than three months and less than or equal to one year. Cash and cash equivalents are stated at amortized cost and approximate fair value. Cash and cash equivalents include money market instruments, cash on deposit and highly liquid debt instruments with maturities of three months or less from purchase date.

Contract loans are carried at unpaid principal balances.

Other invested assets are generally carried at values based on the underlying audited equity of the investee as determined in accordance with U.S. GAAP with changes in value recorded in unassigned surplus as a change in net unrealized capital gains (losses) less tax. Other invested assets primarily consist of investments in joint ventures, hedge funds, and private equity funds. These investments include affiliated companies as well as those in which the Company has minor ownership interests. An impairment occurs if it is probable that the Company will be unable to recover the carrying amount of the investment. The investment is written down to fair value as the new cost basis, and OTTI is recorded in net realized capital gains (losses) less tax.

The Company applies hedge accounting as prescribed by SSAP No. 86, Derivatives, by designating derivative instruments as either fair value or cash flow hedges on the inception date of the hedging relationship. At the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction. In this documentation, the Company specifically identifies the asset, liability, firm commitment, or forecasted transaction that has been designated as the hedged item and states how the hedging instrument is expected to hedge the risks related to the hedged item. The Company formally assesses and measures effectiveness of its hedging relationships both at the hedge inception date and on an ongoing basis in accordance with its risk management policy.

Derivative instruments used in hedging transactions that meet the criteria of a highly effective hedge are considered effective hedges and are reported in the financial statements - statutory basis in a manner consistent with the hedged asset or liability (amortized cost or fair value). Changes in the carrying value of derivatives that qualify for hedge accounting are recorded consistently with how the changes in the carrying value of the hedged asset or liability are recorded. For foreign currency swaps, changes in fair value attributable to changes in foreign exchange rates are reflected as adjustments to unassigned surplus as a change in net unrealized capital gains (losses) less tax consistent with the hedged items.

To the extent the Company chooses not to designate a derivative as a hedge or the designated derivative no longer meets the criteria of an effective hedge, the derivative is accounted for at fair value with changes in fair value recorded in unassigned surplus as a change in net unrealized capital gains (losses) less tax. When these derivative instruments are terminated, the gains and losses are reported as net realized capital gains (losses) less tax.

Carrying value is calculated based on the gross derivative asset or liability position. If the carrying value of the derivative is positive, the amount is recorded in derivatives. If the carrying value of the derivative is negative, the amount is recorded in other liabilities. The Company’s receivable for the return of cash collateral pledged is recorded in other invested assets. The Company’s obligation to return cash collateral received is recorded in other liabilities.

Gains and losses on terminated derivative instruments that are hedging bonds are subject to the IMR. Gains and losses on terminated forward starting swap positions that are hedging anticipatory purchases of bonds are deferred to unearned investment income, included in other liabilities, if the effective date of the forward starting swap is beyond the current fiscal year. Once the effective date is within the current fiscal year, the gains and losses are transferred from unearned investment income to the IMR and amortized to net investment income over the life of the bond. Gains and losses on terminated derivative instruments that are hedging the surplus notes are recorded directly to surplus in other surplus adjustments and amortized as an increase in net investment income over the life of the surplus notes utilizing the effective interest method.

Periodic net settlements on derivatives designated as hedges are recorded on an accrual basis consistent with the hedged items and for hedging derivatives designated under SSAP No. 108, Derivatives Hedging Variable Annuity Guarantees, in net investment income. Periodic net settlements on derivatives not designated as hedging are recorded on an accrual basis in net investment income.

The Company also applies hedge accounting as prescribed by SSAP No. 108, Derivatives Hedging Variable Annuity Guarantees. Designated derivatives are reported at fair value and fair value fluctuations attributable to the hedged risk that offsets the current period change in the designated portion of the VM-21 reserve liability are reported in net realized capital gains (losses) less tax. Fair value fluctuations attributable to the hedged risk that do not offset the current period change in the designated portion of the VM-21 reserve liability are recognized as a deferred asset (admitted) reported in other assets or other liabilities. An amount equal to the net deferred asset or liability must be allocated from unassigned surplus and presented separately as special surplus adjustments. The deferred asset or liability is amortized on a straight-line basis over a period not to exceed 10 years into net realized capital gains (losses) less tax with a corresponding reallocation from special surplus adjustments to unassigned surplus. See Note 5.

The periodic cash flows resulting from the termination of derivative contracts are reflected on a gross basis within the statements of cash flows - statutory basis. Cash received on termination, resulting in a realized gain, is reported in miscellaneous proceeds with cash paid upon termination, resulting in a realized loss, reported in miscellaneous applications.

The asset valuation reserve (AVR) is computed in accordance with a prescribed formula and is designed to stabilize surplus against valuation and credit-related losses for certain investments. Changes to the AVR are reported as direct additions to, or deductions from, unassigned surplus. The IMR results in the deferral of after tax realized capital gains and losses attributable to interest rate fluctuations on bonds and other investments. These capital gains and losses are amortized into net investment income over the remaining life of the investment sold.

Net investment income consists of interest, dividend, accretion income, net of amortization and investment expenses, partnership realized income, and periodic net settlements on derivatives. Interest income for bonds and redeemable preferred stock is recognized on an accrual basis. Dividend income for perpetual preferred stock and common stock is recognized as earned on the ex-dividend date. Amortization and accretion are determined by the effective interest method based on estimated principal repayments. Accrual of interest income is suspended, and any existing accrual balances are written off, for bonds that are in default or when it is probable the interest due and accrued is uncollectible. Prepayment penalties for bonds and prepayment premiums for mortgage loans are recorded as net investment income. Investment income from subsidiary, controlled or affiliated (SCA) entities is described below. Interest expense on surplus notes is also recorded in net investment income.

The Company accrues interest income on impaired loans to the extent it is deemed collectible. If any interest income due and accrued is deemed uncollectible, interest accrual ceases and previously accrued amounts are written off. Accrued interest income more than 180 days past due deemed collectible on mortgage loans in default is nonadmitted. All other investment income due and accrued over 90 days past due is nonadmitted. Gross and admitted amounts for interest income due and accrued were $945 million as of December 31, 2024. Gross and admitted amounts for interest income due and accrued were $958 million and $957 million as of December 31, 2023, respectively.

Net realized capital gains (losses) less tax are determined on the specific identification method and are presented net of Federal income taxes and transfers to the IMR.

INFORMATION CONCERNING PARENT, SUBSIDIARIES AND AFFILIATES

Included in common stocks and other invested assets are the Company's SCA entities in which the Company, with its affiliates, holds a voting interest of 10% or more. The Company holds no investments in SCA entities that exceed 10% of admitted assets of the Company as of December 31, 2024 and 2023.

The Company carries its wholly owned State of Arizona domiciled life insurance common stock subsidiary, Pacific Life & Annuity Company (PL&A), based on PL&A’s underlying audited statutory surplus. PL&A’s carrying value was $600 million and $545 million as of December 31, 2024 and 2023, respectively. During the years ended December 31, 2024, 2023 and 2022, the Company made capital contributions in the form of bonds of zero, $49 million and zero, respectively, to PL&A.

The Company carries its wholly owned State of Vermont domiciled special purpose financial insurance company subsidiaries, Pacific Alliance Reinsurance Company of Vermont (PAR Vermont) and Pacific Baleine Reinsurance Company (PBRC) based on their underlying audited statutory surplus. However, the audited statutory surplus of PAR Vermont and PBRC both include an admitted asset based on approved practices in Vermont. Under NAIC SAP, these assets are not considered admitted assets. Based on the nonadmission of these assets, the Company nonadmits the carrying values of PAR Vermont and PBRC for reporting. The nonadmitted carrying values of PAR Vermont and PBRC were $145 million and $133 million, respectively as of December 31, 2024. The nonadmitted carrying values of PAR Vermont and PBRC were $191 million and $130 million, respectively, as of December 31, 2023. During the years ended December 31, 2024, 2023 and 2022, distributions recorded as a return of capital in the form of cash and bonds were $50 million, zero and zero, respectively, from PAR Vermont.

The Company has investments in mutual funds managed by affiliates. Investments in affiliated mutual funds are carried at fair value. See Note 4. Investments in affiliated bonds are generally valued at amortized cost except those with an NAIC designation of 6, which are reported at the lower of amortized cost or fair value.

The Company generally carries its investments in joint ventures, partnerships and limited liability companies (LLCs) based on the underlying audited U.S. GAAP equity of the investee, except as otherwise disclosed below. These investments include affiliated companies as well as those where the Company has minor ownership interests. The carrying value of non-insurance SCAs where an audit was not performed are nonadmitted.

Distributions to the Company from subsidiaries, reflecting net revenues and expenses, net of taxes, are recorded by the Company as net investment income, with a corresponding reduction to unassigned surplus, when dividends are declared to the extent they are not in excess of undistributed accumulated earnings. Any dividends declared in excess of the undistributed accumulated earnings are recorded as a return of capital which is a reduction of the investment. Any undistributed net revenue and expense, net of tax, is recorded to unassigned surplus as a change in net unrealized capital gains (losses) less tax.

Pacific Asset Holding LLC (PAH) is a wholly owned LLC subsidiary that invests in mortgage loans, commercial real estate properties and ventures, and other private equity investments. PAH is accounted for under SSAP No. 97 8.b.iii, Investments in Subsidiary, Controlled and Affiliated Entities, which requires it to be carried based on its audited U.S. GAAP equity, without any statutory adjustments. As of December 31, 2024 and 2023, PAH's carrying value was $6.2 billion and $4.2 billion, respectively. During the years ended December 31, 2024, 2023 and 2022, the Company made capital contributions of $2.5 billion, $1.1 billion and $1.5 billion, respectively, to PAH. Distributions from PAH to the Company in the form of cash included in net investment income were $50 million, $212 million and $115 million during the years ended December 31, 2024, 2023 and 2022, respectively. Distributions recorded as a return of capital were $604 million, $249 million and $22 million during the years ended December 31, 2024, 2023 and 2022, respectively.

Pacific Life Fund Advisors LLC (PLFA) is a non-life insurance LLC subsidiary 99% owned by the Company and 1% owned by PL&A. PLFA is the investment adviser for the Pacific Select Fund. The Pacific Select Fund is the investment vehicle provided to the Company's variable life insurance policyholders and variable annuity contract owners. Prior to the sale of PAM LLC in April 2023, PLFA also served as the investment advisor for Pacific Funds Series Trust (PFST). As a result of the sale, PLFA no longer receives investment advisory fees from PFST. Distributions from PLFA to the Company in the form of cash included in net investment income for the years ended December 31, 2024, 2023 and 2022 were $91 million, $98 million and $99 million, respectively. PLFA is carried based on its underlying audited U.S. GAAP equity. As of December 31, 2024 and 2023, PLFA’s carrying value was $41 million and $49 million, respectively.

The Company carries Pacific Select Distributors, LLC (PSD), a wholly owned non-life insurance LLC broker-dealer subsidiary, based on its underlying audited U.S. GAAP equity, adjusted to a statutory basis of accounting. As of December 31, 2024 and 2023, PSD’s carrying value was $33 million and $35 million, respectively. PSD primarily serves as the distributor of registered investment-related products and services, principally variable life and annuity contracts issued by the Company and PL&A. In connection with PSD’s distribution of these variable life and annuity contracts for the Company and PL&A, the Company incurred commission expense of $582 million, $486 million and $497 million during the years ended December 31, 2024, 2023 and 2022, respectively. A service plan was adopted by the Pacific Select Fund whereby the Pacific Select Fund pays PSD, as distributor of the funds, a service fee in connection with services rendered or procured for shareholders of the fund or their variable contract owners. These services may include, but are not limited to, payment of compensation to broker-dealers, including PSD itself, and other financial institutions and organizations, which assist in providing any of the services. From these service fees, PSD reimbursed the Company $74 million, $69 million and $74 million, included in commission expense, for the years ended December 31, 2024, 2023 and 2022, respectively. PSD also offers limited retail broker-dealer services that include selling variable annuities issued by the Company to customers advised by third-party fiduciaries such as trust companies and registered investment advisers. With respect to these sales, PSD acts as the broker-dealer of record for the initial sale, but does not receive commissions.

Pacific Global Asset Management LLC (PGAM) is a wholly owned non-insurance LLC subsidiary of the Company that serves as a holding company for Pacific Life's private equity asset management business. As of December 31, 2024 and 2023, the nonadmitted carrying value of PGAM was $31 million and $23 million, respectively. Distributions from PGAM to the Company in the form of cash included in net investment income were $21 million, zero and zero during the years ended December 31, 2024, 2023 and 2022, respectively. Distributions recorded as a return of capital from PGAM to the Company were zero, $40 million and zero during the years ended December 31, 2024, 2023 and 2022, respectively.

The Company also has the following noninsurance SCA investments that are classified as SSAP No. 97 8b(iii) entities:

	December 31, 2024				December 31, 2023
	Gross		Nonadmitted	Admitted	Gross		Nonadmitted	Admitted
	Amount		Amount	Amount	Amount		Amount	Amount

Description: ⁽¹⁾	(In Millions)
Pacific Funds PLFA Large Cap Bond Alpha	$2	⁽²⁾		$2
Pacific Funds PLFA QQQ Bond Alpha P	3	⁽²⁾		3
Pacific Funds PLFA QQQ Bond Alpha	3	⁽²⁾		3
Pacific Funds PLFA Bond Plus	1	⁽²⁾		1
Pacific Optimization Growth	1	⁽³⁾		1	$1	⁽³⁾		$1
Pacific Optimization Moderate	1	⁽³⁾		1	1	⁽³⁾		1
PSF ESG Diversified Growth Class I	14	⁽³⁾		14	13	⁽³⁾		13
PSF ESG Diversified Portfolio Class I				—	11	⁽³⁾		11
Other	2			2
Total	$27		$—	$27	$26		$—	$26

⁽¹⁾

The Company received responses from the NAIC for all required SCA filings and no SCA investment valuations were disallowed or required to be resubmitted.

⁽²⁾

Includes NAIC Sub-1 filing types.

⁽³⁾

Includes NAIC Sub-2 filing types.

The Company is the owner and beneficiary of life insurance policies captured under SSAP No. 21, Other Admitted Assets. As of December 31, 2024 and 2023, the cash surrender value was $254 million and $208 million, respectively. As of December 31, 2024 and 2023, the investments in various fund structures of the underlying life insurance policies comprise investment characteristics of 99% of stocks and 1% of cash and short-term investments.

The Company provides certain subsidiaries and affiliates with services that are routine in nature. Fees for these services are determined using cost allocations or a negotiated basis intended to reflect market prices. The Company provides investment and administrative services for certain subsidiaries and affiliates under administrative services agreements. Effective March 2024, PL&A provides certain administrative and special services to the Company under an administrative service agreement. For the years ended December 31, 2024, 2023 and 2022, the Company received $132 million, $138 million and $127 million, respectively, for services provided to, and paid $17 million, $16 million, and $27 million, respectively, for services received from certain subsidiaries and affiliates, which are included in operating expenses. As of December 31, 2024 and 2023, the Company reported $338 million and $75 million, respectively, due from other affiliated companies. It is the Company’s practice to settle these amounts no later than 90 days after the due date.

In June 2022, the Company entered into a promissory note with Pacific LifeCorp to borrow up to $200 million at a variable interest rate. There were no borrowings outstanding as of December 31, 2024 and 2023. The promissory note matures on March 31, 2025.

The Company’s structured settlement transactions are typically designed such that an affiliated assignment company assumes settlement obligations from external parties in exchange for consideration. The affiliated assignment company then funds the assumed settlement obligations by purchasing annuity contracts from the Company. Consequently, substantially all of the Company’s structured settlement annuities are sold to an affiliated assignment company. Included in the liability for aggregate reserves are insurance contracts with the affiliated assignment company with contract values of $3.5 billion as of December 31, 2024 and 2023. Related to these contracts, the Company received $78 million, $241 million, and $503 million of premiums and annuity considerations and paid $219 million, $217 million and $201 million of current and future policy benefits for the years ended December 31, 2024, 2023 and 2022, respectively. In addition, included in the liability for deposit-type contracts are insurance contracts with the affiliated assignment company of $5.9 billion and $4.6 billion as of December 31, 2024 and 2023, respectively.

During 2023 and 2024, participants previously covered by a group annuity contract at the Company were transferred to PL&A. As a result, the Company surrendered $51 million and $8 million of premium revenue and recognized a decrease in reserves for the same amounts as of December 31, 2024 and 2023, respectively.

AGGREGATE RESERVES AND LIABILITY FOR DEPOSIT-TYPE CONTRACTS

Life insurance reserves are valued using the net level premium method, the Commissioners' Reserve Valuation Method (CRVM), or other modified reserve methods. Interest rate assumptions ranged from 2.0% to 6.0%. Reserves for individual variable annuities are held in accordance with VM-21. Reserves for individual fixed annuities are maintained using the Commissioners' Annuity Reserve Valuation Method, with appropriate statutory interest and mortality assumptions computed on the basis of interest rates ranging from 1.0% to 11.3%. Group annuity reserves are valued using the CRVM with statutory interest and mortality assumptions computed on the basis of interest rates ranging from 1.0% to 11.3%.

The Company establishes loss liabilities for claims that have been incurred before the valuation date, but have not yet been paid. An expense liability is established associated with paying those claims.

The Company waives deduction of deferred fractional premium upon death of insured. The Company does not return any portion of the final premium for periods beyond the date of death. Continuous or modal premium assumptions are used for all reserves. All reserves are equal to the greater of the computed reserve and surrender value or, on certain products, a higher alternative comparison value.

Payments received on deposit-type contracts, which do not incorporate any mortality or morbidity risk, are recorded directly to the liability for deposit-type contracts. Interest credited to deposit-type contracts is recorded as an expense in the statements of operations - statutory basis when earned under the terms of the contract. Payments to contract holders are recorded as current and future policy benefits expense to the extent that such payments differ from the recorded liability. Interest rates credited ranged from 0.3% to 8.8%.

TRANSFERS TO SEPARATE ACCOUNTS DUE OR ACCRUED, NET

Transfers to separate accounts due or accrued, net consist primarily of amounts accrued from the separate account for expense allowances recognized in reserves. These amounts represent the excess of separate account contract values over statutory reserves held in the separate account.

REVENUES, BENEFITS AND EXPENSES

Life insurance premiums are recognized as income when due from the policyholder under the terms of the insurance contract. Premiums for flexible premium products are recognized when received from the policyholder. Annuity considerations are recognized as premiums when received.

Expenses incurred in connection with acquiring new insurance business, including acquisition costs such as sales commissions, are charged to operations as incurred.

FEDERAL INCOME TAXES

The Company is taxed as a life insurance company for income tax purposes and its operations are included in the consolidated Federal income tax return of PMHC. The method of tax allocation between companies is subject to written tax sharing agreements, approved by the Company’s Board of Directors. Allocation is based upon separate return calculations with current credit for net losses to the extent utilized in the consolidated return. If the consolidated return has tax losses, intercompany balances are generally settled as refunds are received. If the consolidated return has a tax payable, the intercompany balances are generally settled as paid.

SEPARATE ACCOUNTS

Separate accounts primarily include variable life and annuity contracts, as well as other single separate accounts. The Company's separate accounts without guarantees consist of the variable annuities and variable life businesses where the assets of these accounts are carried at fair value and represent legally segregated contract holder funds. A separate account liability is recorded at fair value at an amount equal to the separate account asset. The investment results of separate account assets typically pass through to the contract holders so that the Company generally bears no investment risk on these assets. Amounts charged to the separate account for mortality, surrender, and expense charges are included in separate account fees in other income.

The Company has separate accounts with guarantees comprised of the group annuities business where the general account guarantees annuity payments if the separate account is unable to do so. Assets of the group annuities business are carried at amortized cost and the Company establishes an AVR as required. The Company's separate accounts without guarantees consist of the variable annuities and variable universal life businesses, with assets carried at fair value, and registered index-linked annuities, with assets carried at fair value and amortized cost. The Company contractually guarantees either a minimum return or account value on these separate account products, for which liabilities have been recorded in aggregate reserves.

Separate account assets are primarily invested in mutual funds, bonds, mortgage loans, and hedge funds.

The variable annuities, variable universal life, and group annuities are classified as separate account products under statutory accounting principles. Variable annuities and variable universal life products are also classified as separate account products under U.S. GAAP, however, group annuities are classified as general account products under U.S. GAAP due to the investment risk being retained by the general account.

RISK-BASED CAPITAL

Risk-based capital is a method developed by the NAIC to measure the minimum amount of capital appropriate for an insurance company to support its overall business operations in consideration of its size and risk profile. The formulas for determining the amount of risk-based capital specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Additionally, certain risks are required to be measured using actuarial cash flow modeling techniques, subject to formulaic minimums. The adequacy of a company's actual capital is measured by the risk-based capital results, as determined by the formulas and actuarial models. Companies below minimum risk-based capital requirements are classified within certain levels, each of which requires specified corrective action. As of December 31, 2024 and 2023, the Company exceeded the minimum risk-based capital requirements.

COMPARISON OF NAIC SAP TO U.S. GAAP

The objectives of U.S. GAAP reporting differ from the objectives of NAIC SAP reporting. U.S. GAAP stresses measurement of earnings of a business from period to period, while NAIC SAP stresses measurement of ability to pay claims in the future.

The Company prepares its financial statements - statutory basis in accordance with statutory accounting practices prescribed or permitted by the NE DOI, which is a comprehensive basis of accounting other than U.S. GAAP. NAIC SAP and accounting practices prescribed or permitted by the NE DOI (Note 1) primarily differ from U.S. GAAP by charging policy acquisition costs to expense as incurred, recognizing certain policy fees as revenue when billed, establishing future policy benefit liabilities using different actuarial assumptions and methods, reporting surplus notes as surplus instead of debt, as well as reporting investments and certain assets and accounting for deferred income taxes on a different basis.

3.	INVESTMENTS

BONDS, SHORT-TERM INVESTMENTS, AND CASH EQUIVALENTS

The book/adjusted carrying value, fair value, and net unrealized gains (losses) of bonds, short-term investments, and cash equivalents are shown below. Short-term investments and cash equivalents were $1.5 billion and $1.8 billion as of December 31, 2024 and 2023, respectively. See Note 4 for information on the Company's fair value measurements.

	Book/Adjusted Carrying Value	Fair Value	Net Unrealized Losses
	(In Millions)
December 31, 2024:
U.S. Government	$1,110	$1,081	($29	)
All other governments	943	849	(94	)
U.S. states, territories, and possessions	102	88	(14	)
U.S. political subdivisions of states, territories, and possessions	186	178	(8	)
U.S. special revenue and special assessment obligations	2,273	2,082	(191	)
Industrial and miscellaneous	55,504	51,084	(4,420	)
Bank loans	1,952	1,926	(26	)
Hybrid securities	15	14	(1	)
LBASS:
Residential mortgage-backed securities (RMBS)	1,630	1,501	(129	)
Commercial mortgage-backed securities (CMBS)	3,912	3,687	(225	)
Other	16,143	15,830	(313	)
Total	$83,770	$78,320	($5,450	)

	Book/Adjusted Carrying Value	Fair Value	Net Unrealized Losses
	(In Millions)
December 31, 2023:
U.S. Government	$1,037	$991	($46	)
All other governments	663	622	(41	)
U.S. states, territories, and possessions	102	91	(11	)
U.S. political subdivisions of states, territories, and possessions	196	195	(1	)
U.S. special revenue and special assessment obligations	2,017	1,887	(130	)
Industrial and miscellaneous	54,965	50,771	(4,194	)
Bank loans	2,276	2,245	(31	)
Hybrid securities	23	21	(2	)
LBASS:
RMBS	1,291	1,151	(140	)
CMBS	3,574	3,219	(355	)
Other	12,543	12,123	(420	)
Total	$78,687	$73,316	($5,371	)

The book/adjusted carrying value and fair value of bonds, short-term investments, and cash equivalents as of December 31, 2024, by contractual repayment date of principal, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Book/Adjusted Carrying Value	Fair Value
	(In Millions)
Due in one year or less	$5,520	$5,474
Due after one year through five years	18,764	18,245
Due after five years through ten years	16,267	14,940
Due after ten years	21,534	18,643
	62,085	57,302
LBASS	21,685	21,018
Total	$83,770	$78,320

The following tables present the fair value and gross unrealized losses for bonds where the fair value had declined and remained continuously below the amortized cost adjusted for OTTI for less than twelve months and for twelve months or greater:

	Less than 12 Months		12 Months or Greater		Total
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
December 31, 2024:
U.S. Government	$152	$2	$331	$29	$483	$31
All other governments	383	16	330	84	713	100
U.S. states, territories, and possessions	6		82	14	88	14
U.S. political subdivisions of states, territories, and possessions	14		102	10	116	10
U.S. special revenue and special assessment obligations	327	12	1,011	213	1,338	225
Industrial and miscellaneous	8,115	214	33,255	4,529	41,370	4,743
Bank loans	437	7	403	34	840	41
Hybrid securities			10	2	10	2
LBASS:
RMBS	215	26	781	137	996	163
CMBS	359	5	1,914	232	2,273	237
Other	2,348	57	4,102	386	6,450	443
Total	$12,356	$339	$42,321	$5,670	$54,677	$6,009

December 31, 2023:
U.S. Government			$640	$47	$640	$47
All other governments	$15		386	54	401	54
U.S. states, territories, and possessions			84	12	84	12
U.S. political subdivisions of states, territories, and possessions			116	6	116	6
U.S. special revenue and special assessment obligations	7		1,038	177	1,045	177
Industrial and miscellaneous	617	$10	41,604	4,563	42,221	4,573
Bank loans	824	16	578	26	1,402	42
Hybrid securities			17	4	17	4
LBASS:
RMBS	6		940	171	946	171
CMBS	355	6	2,035	356	2,390	362
Other	1,213	6	5,684	492	6,897	498
Total	$3,037	$38	$53,122	$5,908	$56,159	$5,946

The Company has evaluated investments with gross unrealized losses and determined that the unrealized losses are temporary. The Company does not have the intent to sell these securities and has the intent and ability to retain these investments for a period of time sufficient to recover the amortized cost basis.

The table below summarizes the OTTI by investment type:

	Years Ended December 31,
	2024	2023	2022
	(In Millions)
Bonds:
Industrial and miscellaneous			$13
Issuer obligation	$35	$2
Bank loans	5	8	1
LBASS	17	66	2
Mortgage loans	8	183	15
Real estate		12
Other invested assets	3	20	6
Total	$68	$291	$37

The following table presents all LBASS with an OTTI recognized during the year ended December 31, 2024, whereby the present value of cash flows expected to be collected is less than the amortized cost basis of the securities:

Cusip	Amortized Cost Before Current Period OTTI	Present Value of Projected Cash Flows	Recognized OTTI	Amortized Cost after OTTI	Fair Value at Time of OTTI	Date of Financial Statement When Reported
			(In Millions)
44509PAA6	$10	$9	$2	$9	$9	6/30/2024
62878HAB7	19	16	4	16	15	6/30/2024
62883*AA0	22	17	4	17	17	6/30/2024
62883*AB8	5	4	1	4	4	6/30/2024
62883*AC6	12	10	2	10	10	6/30/2024
62883*AD4	13	10	2	10	10	6/30/2024
62883*AF9	10	8	2	8	8	6/30/2024
Total			$17

The assignment of an NAIC 5GI designation to a debt security occurs when the necessary documentation for a full credit analysis does not exist but the security is current on all contractual payments and the Company expects the security to make full payment of all contractual principal and interest. The following table presents the number of investments, the book/adjusted carrying value, and the fair value for bonds with an NAIC 5GI designation:

	December 31, 2024			December 31, 2023
	Number	Book/Adjusted Carrying Value	Fair Value	Number	Book/Adjusted Carrying Value	Fair Value
	($ In Millions)
Bank loans	1	$14	$11	1	$15	$12
LBASS	4	20	17	3	4	6
Total	5	$34	$28	4	$19	$18

Proceeds, gross gains, and gross losses recognized on sales of bonds were $3.3 billion, $10 million, and $96 million, respectively, for the year ended December 31, 2024. Proceeds, gross gains, and gross losses recognized on sales of bonds were $1.7 billion, $3 million, and $33 million, respectively, for the year ended December 31, 2023. Proceeds, gross gains, and gross losses recognized on sales of bonds were $4.3 billion, $10 million, and $190 million, respectively, for the year ended December 31, 2022.

SECURITIES LENDING

The Company participates in a securities lending program administered by an authorized financial institution whereby certain investment securities are loaned to third parties for the purpose of enhancing income on securities held through reinvestment of cash collateral received upon lending. With respect to securities loaned, the Company requires initial cash collateral equal to a minimum of 102% of the fair value of domestic securities loaned. The Company monitors the fair value of securities loaned with additional collateral obtained as necessary. This collateral is not restricted, and there is no collateral that extends beyond one year from December 31, 2024. The borrower of the loaned securities is permitted to sell or repledge those securities. Upon default of the borrower, the Company has the right to purchase replacement securities using the cash collateral held. Similarly, upon default of the Company, the borrower has the right to sell the loaned securities and apply the proceeds from such sale to the Company’s obligation to return the cash collateral held. As of December 31, 2024 and 2023, there were no separate accounts securities lending arrangements.

For securities lending transactions, the carrying value of securities classified as bonds and on loan as of December 31, 2024 and 2023 was $1.8 billion and $3.2 billion, respectively. The Company recorded cash collateral received of $1.8 billion and $3.1 billion as of December 31, 2024 and 2023, respectively, and established a corresponding liability for the same amount, which is included in other liabilities. As of December 31, 2024 and 2023, the Company has not sold or repledged collateral received from securities lending agreements. The Company may occasionally utilize amounts from the cash collateral for short-term liquidity for general corporate purposes. As of December 31, 2024 and 2023, none was utilized for general corporate purposes.

The aggregate amount of collateral reinvested broken down by the maturity date of the invested asset is as follows:

	December 31, 2024		December 31, 2023
	Amortized Cost	Fair Value	Amortized Cost	Fair Value
	(In Millions)
Overnight and continuous	$15	$15
30 days or less	428	428	$1,396	$1,396
31 to 60 days	350	350
61 to 90 days			1,700	1,700
91 to 120 days	1,000	1,000
Total collateral reinvested	$1,793	$1,793	$3,096	$3,096

The Company invests the cash collateral received from its securities lending arrangements primarily into short-term investments.

To manage the mismatch of maturity dates between the security lending transactions and the related reinvestment of the collateral received, the Company reinvests in assets with a maturity date of 95 days or less.

REPURCHASE AGREEMENTS

The Company entered into repurchase agreements with unaffiliated financial institutions. Under these agreements, the Company receives sales financing secured by securities as collateral in an amount equal to at least 102% of the estimated fair value of the bonds sold at the inception of the transaction, with a simultaneous agreement to repurchase such bonds at a future date or on demand in an amount equal to the cash initially received plus interest. The Company monitors the ratio of the cash-held to the estimated fair value of the bonds sold throughout the duration of the transaction and additional cash or securities are obtained as necessary. Bonds sold under such transactions may be sold or re-pledged by the transferee. Income and expense associated with repurchase agreements are recorded in net investment income. The repurchase agreements are both bilateral and tri-party trades. The maximum amount outstanding under repurchase agreements during the year ended December 31, 2024 was $20 million, which had a maturity time frame of two days to one week. The maximum amount outstanding under repurchase agreements during the year ended December 31, 2023 was $16 million, which had a maturity time frame of overnight. There are no amounts outstanding under these agreements as of December 31, 2024 and 2023.

The maximum fair value of securities sold outstanding under secured borrowing agreements during the years ended December 31, 2024 and 2023 was $20 million and $17 million, respectively. There were no outstanding securities sold as of December 31, 2024 and 2023.

The maximum amount of cash collateral received and securities collateral liability under secured borrowing agreements during the years ended December 31, 2024 and 2023 were $20 million and $16 million, respectively. There was no outstanding cash collateral received outstanding as of December 31, 2024 and 2023. There was no outstanding securities collateral liability outstanding as of December 31, 2024 and 2023.

REVERSE REPURCHASE AGREEMENTS

The Company invests cash collateral received into reverse repurchase agreements as part of its securities lending program. The Company requires that all reverse repurchase agreements must be collateralized by U.S. Treasury securities, U.S. agency securities, U.S. corporate bonds and/or U.S. equities with a minimum margin of 102%. For the securities lending program, reverse repurchase agreements had a maximum maturity of 95 days and are indemnified by the Company's securities lending agent against counterparty default. When counterparty default and price movements of the collateral received present the primary risks for repurchase agreements, the Company mitigates such risks by mandating short maturities, applying proper haircuts and monitoring fair values daily.

The Company entered into a reverse repurchase transaction commitment of $250 million with an unaffiliated financial institution. Under this agreement, the Company purchases U.S. Treasury securities and loans cash, with a simultaneous agreement to resell such securities at a future date or on demand in an amount equal to the cash initially loaned plus interest. There were no amounts outstanding under this agreement as of December 31, 2024 and 2023. The reverse repurchase agreements used are both bilateral and tri-party trades.

The following tables present the maximum amount and ending value during and as of the periods presented of the allocation of reverse repurchase agreements by maturity:

	Maximum Amount				Ending Balance
	First Quarter	Second Quarter	Third Quarter	Fourth Quarter	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(In Millions)
December 31, 2024:
Overnight and continuous	$1,025	$860	$590	$475	$400	$300		$400
30 days or less	4,490	3,965	1,600		790	650
31 to 90 days	2,850	2,550	1,500	425	2,250	990		350
Over 90 days				1,000				1,000

December 31, 2023:
Overnight and continuous	$500	$575	$600	$400	$300	$400	$300
30 days or less	3,170	2,610	2,970	1,900	1,535	1,610	1,210	$1,150
31 to 90 days	2,835	2,900	2,500	2,850	1,700	1,600	2,000	1,700

The maximum and ending fair value of the bonds acquired under reverse repurchase-secured borrowings during and as of the periods presented are as follows. None of the bonds acquired were nonadmitted.

	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(In Millions)
December 31, 2024:
Maximum amount	$4,131	$4,116	$2,196	$1,820
Ending balance	3,608	2,037		1,819

December 31, 2023:
Maximum amount	$4,828	$4,722	$4,219	$3,906
Ending balance	3,723	3,789	3,678	3,026

The following table presents, by NAIC designation, the fair value of securities acquired by the Company under reverse repurchase-secured borrowings:

	None	NAIC 1	NAIC 2	NAIC 3	NAIC 4	Total
	(In Millions)
December 31, 2024:
Bonds		$181	$544			$725
LBASS		874				874
Common stock	$220					220
Total	$220	$1,055	$544	$—	$—	$1,819

December 31, 2023:
Bonds		$494	$899	$609	$1,024	$3,026

The Company has not sold or acquired any securities that resulted in default.

The following table presents the aggregate allocation of collateral pledged of repurchase agreements by remaining contractual maturity:

	December 31, 2024		December 31, 2023
	Amortized Cost	Fair Value	Amortized Cost	Fair Value
	(In Millions)
Overnight and continuous	$400	$400
30 days or less			$1,150	$1,150
31 to 90 days	350	350	1,700	1,700
Over 90 days	1,000	1,000

The maximum amounts and ending balances of the cash collateral provided and recognized receivable for the return of collateral for reverse repurchase-secured borrowings during and as of the periods presented are as follows:

	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(In Millions)
December 31, 2024:
Maximum amount	$3,965	$3,890	$2,090	$1,750
Ending balance	3,440	1,940		1,750

December 31, 2023:
Maximum amount	$3,985	$3,990	$4,010	$3,710
Ending balance	3,535	3,610	3,510	2,850

The maximum amounts and ending balances of the recognized liability to return collateral for reverse repurchase-secured borrowing securities sold/acquired with cash collateral during and as of the periods presented are as follows:

	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(In Millions)
December 31, 2024:
Maximum amount	$3,965	$3,890	$2,090	$1,750
Ending balance	3,440	1,940		1,750

December 31, 2023:
Maximum amount	$3,985	$3,990	$4,010	$3,710
Ending balance	3,535	3,610	3,510	2,850

The Company did not have any transfers of financial assets accounted for as secured borrowings, excluding repurchase and reverse repurchase agreements disclosed above.

WORKING CAPITAL FINANCE INVESTMENTS

The tables below present the aggregate book/adjusted carrying value of working capital finance investments (WCFI) by designation:

	Gross Asset	Nonadmitted Asset	Net Admitted Asset
	(In Millions)
December 31, 2024:
WCFI Designation 1	$357		$357
WCFI Designation 2	275		275
Total	$632	$—	$632

December 31, 2023:
WCFI Designation 1	$668		$668
WCFI Designation 2	482	$11	471
Total	$1,150	$11	$1,139

The table below presents the aggregate maturity distribution on the underlying working capital finance programs by book/adjusted carrying value. The Company did not have any events of default on WCFI.

	December 31,
	2024	2023
	(In Millions)
Up to 180 days	$612	$1,041
181 to 365 days	20	109
Total	$632	$1,150

MORTGAGE LOANS

The maximum and minimum lending rates for newly issued mortgage loans, by category, are as follows:

	Maximum	Minimum
Year Ended December 31, 2024:
Farm	7.25%	5.80%
Construction and land development	9.48%	8.72%
Multi-family residential	13.50%	8.75%
Commercial	8.97%	5.90%

Year Ended December 31, 2023:
Farm	7.35%	5.70%
Construction and land development	8.91%	7.81%
Commercial	8.22%	6.11%

The maximum percentage of any one loan to the value of security at the time of the loan, exclusive of insured or guaranteed or purchase money mortgages was 99% as of December 31, 2024 and 2023.

The age analysis of mortgage loans by type and identification of mortgage loans in which the insurer is a participant or co-lender in a mortgage loan agreement is as follows:

	Farm	Residential	Commercial	Mezzanine	Total
	(In Millions)
December 31, 2024:
Current	$929	$811	$17,659	$107	$19,506
30 to 59 days past due	10	33			43
60 to 89 days past due		5			5
90 to 179 days past due	2	2			4
Over 180 days past due	4		34		38
Total	$945	$851	$17,693	$107	$19,596

Participant or co-lender in a mortgage loan agreement:
Recorded investment ⁽¹⁾	$19		$1,096	$107	$1,222

	Farm	Residential	Commercial	Mezzanine	Total
	(In Millions)
December 31, 2023:
Current	$947	$232	$17,042	$107	$18,328
30 to 59 days past due	5		32		37
60 to 89 days past due	4		225		229
90 to 179 days past due
Over 180 days past due	13		41		54
Total	$969	$232	$17,340	$107	$18,648

Participant or co-lender in a mortgage loan agreement:
Recorded investment ⁽¹⁾	$19		$936	$107	$1,062

⁽¹⁾

Excluded from the commercial amounts are mortgage loan participations where the sole participants are the Company and PL&A. The total amounts were $3.0 billion and $2.8 billion as of December 31, 2024 and 2023, respectively.

The Company's investment in impaired commercial mortgage loans with no allowance for credit losses was $34 million and $374 million as of December 31, 2024 and 2023, respectively. Information on the Company's impaired commercial mortgage loans is as follows:

	Years Ended December 31,
	2024	2023	2022
	(In Millions)
Impairment loss recorded	$8	$183	$15
Average recorded investment	17	112	46
Interest income recognized		22	4
Recorded investment on nonaccrual status	34	73
Mortgage loans derecognized as a result of foreclosure	245	30
Real estate and other collateral recognized as a result of foreclosure	245	30

The Company's mortgage loans finance various types of properties primarily throughout the U.S. and Canada. The geographic distributions of the mortgage loans book/adjusted carrying value were as follows:

	December 31,		December 31,
	2024		2023
	($ In Millions)
Atlantic	$6,139	31%	$5,642	30%
Pacific	6,101	31%	5,607	30%
North Central	2,192	11%	2,344	12%
South Central	1,938	10%	1,807	10%
Mountain	1,819	9%	1,802	10%
New England	1,258	7%	1,280	7%
Canada	149	1%	166	1%
Total	$19,596	100%	$18,648	100%

As of December 31, 2024 and 2023, the carrying value of the largest single commercial loan was $456 million or 2% and $459 million or 2% of the mortgage loan carrying value, respectively. As of December 31, 2024 and 2023, the total carrying value of multiple commercial loans with a single sponsor, a related party to the Company, was $604 million or 3% and $639 million or 3% of the mortgage loan carrying value, respectively.

For commercial mortgage loans, the Company reviews performance and credit quality on an on-going basis, including loan payment delinquencies and collateral performance. Collateral performance includes a review of the most recent collateral inspection reports and financial statements. Analysts track each loan's debt service coverage ratio (DCR) and loan-to-value (LTV) ratio. The DCR compares the collateral’s net operating income to its debt service payments. DCRs less than 1.0 times indicate that the collateral operations do not generate enough income to cover the loan’s current debt payments. A larger DCR indicates a greater excess of net operating income over the debt service. The LTV ratio compares the amount of the loan to the fair value of the collateral and is commonly expressed as a percentage. LTV ratios greater than 100% indicate that the loan amount exceeds the collateral value. A smaller LTV ratio indicates a greater excess of collateral value over the loan amount. The monitoring process focuses on higher risk loans, which includes those that are classified as restructured, delinquent, or in foreclosure, as well as loans with higher LTV ratios and lower DCRs. The DCRs and LTV ratios are updated routinely.

For agricultural mortgage loans, the Company’s primary credit quality indicator is the LTV ratio. The values utilized in calculating this ratio are developed in connection with the ongoing review of the agricultural mortgage loan portfolio and are routinely updated. The original loan DCR is reviewed in detail prior to loan funding and is not updated or recalculated unless special circumstances warrant a review.

For residential mortgage loans, performance and credit quality are reviewed on an on-going basis including loan payment delinquencies and collateral performance. Residential loan credit models are run periodically using updated model inputs. Results are compared to initial loss adjusted returns to actual performance and market level prices, yields and spreads, and each loan is priced monthly. In addition to LTV ratio and borrower income qualifications, the borrower's credit score is considered based on the Fair Isaac Corporation (FICO) model, where applicable. FICO scores can range from 300 to 850, with the higher number indicating a better credit quality. The original loan metrics and borrower information (LTV ratio, FICO score, income verification, and borrower profile) are reviewed in detail prior to purchase and are not updated or recalculated unless special circumstances warrant a review.

The loan review process results in each loan being placed into a No Credit Concern category or one of three levels: Level 1 Minimal Credit Concern, Level 2 Moderate Credit Concern, or Level 3 Significant Credit Concern. Loans in the No Credit Concern category are performing and no issues are noted. The collateral exhibits a strong DCR and LTV ratio and there are no near term maturity concerns. The loan credit profile and borrower sponsorship have not experienced any significant changes and remain strong. For construction loans, projects are progressing as planned with no significant cost overruns or delays.

Level 1 loans are experiencing negative market pressure and outlook due to economic factors. Financial covenants may have been triggered due to declines in performance. There may be disputes between the borrower and contractors. Credit profile and/or borrower sponsorship remain stable but require monitoring. Near term (6 months or less) maturity requires monitoring due to negative trends. No impairment loss concerns exist under current conditions, however some possibility of loss may exist under stressed scenarios or changes in sponsorship financial strength. This includes troubled debt restructurings (TDRs) performing as agreed for more than one year.

Level 2 loans are experiencing significant or prolonged negative market pressure and uncertain outlook due to economic factors. Financial covenants may have been triggered due to declines in performance, and/or the borrower may have requested covenant relief. There may be disputes between the borrower and contractors. Loan credit profile, borrower sponsorship, and/or collateral value may have declined or given cause for concern. Near term maturity (12 months or less) coupled with negative market conditions, property performance and value, and/or borrower stability result in increased refinance risk. Likelihood for TDR, impairment, and loss is increased. This includes all loans performing as agreed during the first year of a TDR unless assigned to Level 3.

Level 3 loans are experiencing prolonged and/or severe negative market trends, declines in collateral performance and value, and/or borrower financial difficulties exist. Borrower may have asked for modification of loan terms. Without additional capital infusion and/or acceptable modification to existing loan terms, default is likely and foreclosure is the probable alternative. Impairment loss is possible depending on current fair market value of the collateral. This category includes loans in default and previously impaired restructured loans that underperform despite modified terms and/or for which future loss is probable.

Loans classified as Level 1 through Level 3 are placed on a watch list and monitored monthly, subject to the terms of the loan agreement. Loans that have been identified as Level 3 are evaluated to determine if the loan is impaired. A loan is impaired if it is probable that amounts due according to the contractual terms of the loan agreement will not be collected.

The following tables present mortgage loan credit levels by type:

	December 31, 2024
	No Credit Concern		Level 1		Level 2		Level 3		Total
	Carrying Amount	Weighted Average DCR	Carrying Amount	Weighted Average DCR	Carrying Amount	Weighted Average DCR	Carrying Amount	Weighted Average DCR	Carrying Amount	Weighted Average DCR
	($ In Millions)
Agricultural	$945	1.50							$945	1.50
Apartment	5,263	1.61							5,263	1.61
Golf course	11	2.18							11	2.18
Industrial	1,260	2.21							1,260	2.21
Lodging	939	3.20	$176	1.19					1,115	2.88
Mobile home park	212	3.06							212	3.06
Office	3,202	1.98	292	1.25	$60	0.95	$34	5.03	3,588	1.93
Parking	28	2.61							28	2.61
Residential	659	0.12							659	0.12
Retail	2,702	2.01			22	1.27	224	1.30	2,948	1.95
Construction ⁽¹⁾	3,265		199		103				3,567
Total	$18,486	1.86	$667	1.23	$185	1.03	$258	1.79	$19,596	1.83

	December 31, 2023
	No Credit Concern		Level 1		Level 2		Level 3		Total
	Carrying Amount	Weighted Average DCR	Carrying Amount	Weighted Average DCR	Carrying Amount	Weighted Average DCR	Carrying Amount	Weighted Average DCR	Carrying Amount	Weighted Average DCR
	($ In Millions)
Agricultural	$969	1.50							$969	1.50
Apartment	4,955	1.58							4,955	1.58
Golf course	10	2.21	$3	0.73					13	1.84
Industrial	878	2.47							878	2.47
Lodging	973	3.19	177	1.27					1,150	2.89
Mobile home park	238	3.02							238	3.02
Office	3,465	2.02			$60	1.62	$333	1.24	3,858	1.94
Residential	39	1.87							39	1.87
Retail	2,686	1.95			225	1.34	373	0.66	3,284	1.76
Construction ⁽¹⁾	3,108		43		113				3,264
Total	$17,321	1.94	$223	1.26	$398	1.40	$706	0.93	$18,648	1.88

⁽¹⁾

Performance and credit quality does not consider DCRs for construction loans. These loans are reviewed based on LTV ratio, loan payment performance, and the construction progress and related costs for the underlying collateral project.

DEBT RESTRUCTURING

As of December 31, 2024 and 2023, the Company had investments in restructured loans and bonds of $34 million and $333 million, respectively. The realized capital losses related to these loans and bonds were zero for the years ended December 31, 2024, 2023 and 2022.

The Company did not have any modifications classified as TDRs during the year ended December 31, 2024 and 2022. During the year ended December 31, 2023, the Company modified two mortgage loans with a total carrying value of $323 million. The Company granted two term extensions on one of the loans with a carrying value of $291 million during the year ended December 31, 2023. The first modification extended the maturity date by five months, and the second modification further extended the maturity date by two months. The loan matured in 2024. The Company granted a term extension of four months on the other loan with a carrying value of $32 million during the year ended December 31, 2023. This loan is in the process of foreclosure. The modifications qualified as TDRs, and a total impairment loss of $38 million was recorded.

4.	FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company's financial assets and liabilities that are carried at fair value have been classified, for disclosure purposes, based on a hierarchy defined by SSAP No. 100, Fair Value. The determination of fair value requires the use of observable market data when available. The hierarchy consists of the following three levels that are prioritized based on observable and unobservable inputs.

Level 1

Unadjusted quoted prices for identical instruments in active markets. Level 1 financial instruments include securities that are traded in an active exchange market.

Level 2

Observable inputs other than Level 1 prices, such as quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in inactive markets, and model-derived valuations for which all significant inputs are observable market data.

Level 3

Valuations derived from valuation techniques in which one or more significant inputs are not market observable.

The following tables present, by fair value hierarchy level, the Company's financial instruments that are carried at fair value or net asset value (NAV):

	December 31, 2024
	Level 1	Level 2	Level 3	NAV	Total
	(In Millions)
Assets:
Bonds:
Issuer obligations		$1	$27		$28

Preferred stocks:
Industrial and miscellaneous			1		1

Common stocks:
Industrial and miscellaneous	$49		79		128
Affiliates ⁽¹⁾	27				27
Total common stocks	76	—	79	—	155

Derivatives:
Foreign currency and interest rate swaps		352			352
Equity derivatives	9		2,815		2,824
Total derivatives	9	352	2,815	—	3,176

Other invested assets			198		198

Separate account assets ⁽²⁾	62,698			$1,645	64,343
Total	$62,783	$353	$3,120	$1,645	$67,901

Liabilities:
Derivatives:
Foreign currency and interest rate swaps		$933			$933
Equity derivatives			$26		26
Total	$—	$933	$26	$—	$959

	December 31, 2023
	Level 1	Level 2	Level 3	NAV	Total
	(In Millions)
Assets:
Bonds:
Issuer obligations			$7		$7

Preferred stocks:
Industrial and miscellaneous			1		1

Common stocks:
Industrial and miscellaneous	$51		65		116
Affiliates ⁽¹⁾	26				26
Total common stocks	77	—	65	—	142

Derivatives:
Foreign currency and interest rate swaps		$336			336
Equity derivatives	36		2,093		2,129
Total derivatives	36	336	2,093	—	2,465

Other invested assets			169		169

Separate account assets ⁽²⁾	58,754			$1,193	59,947
Total	$58,867	$336	$2,335	$1,193	$62,731

Liabilities:
Derivatives:
Foreign currency and interest rate swaps		$857			$857
Equity derivatives			$17		17
Total	$—	$857	$17	$—	$874

⁽¹⁾

Consists of mutual funds managed by affiliated entities.

⁽²⁾

Consists of separate account assets that are primarily invested in mutual funds and hedge funds. Investment performance related to separate account assets is offset by corresponding amounts credited to contract holders whose liability is recorded in the separate account liabilities. Separate account liabilities are measured to equal the fair value of separate account assets.

FAIR VALUE MEASUREMENT

The following describes the valuation methodologies used by the Company to measure various types of financial instruments at fair value.

BONDS, PREFERRED STOCKS, COMMON STOCKS AND OTHER INVESTED ASSETS

The fair values of bonds, residual tranches (reported in other invested assets), preferred stocks and common stocks are determined by management after considering external pricing sources and internal valuation techniques. For securities with sufficient trading volume, prices are obtained from third-party pricing services. For securities that are traded infrequently, fair values are determined after evaluating prices obtained from third-party pricing services and independent brokers or are valued internally using various valuation techniques.

The Company's management analyzes and evaluates prices received from independent third parties and determines whether they are reasonable estimates of fair value. Management's analysis may include, but is not limited to, review of third-party pricing methodologies and inputs, analysis of recent trades, comparison to prices received from other third parties and development of internal models utilizing observable market data of comparable securities. The Company assesses the reasonableness of valuations received from independent brokers by considering current market dynamics and current pricing for similar securities.

For prices received from independent pricing services, the Company applies a formal process to challenge any prices received that are not considered representative of fair value. If prices received from independent pricing services are not considered reflective of market activity or representative of fair value, independent non-binding broker quotations are obtained or an internally developed valuation is prepared. Upon evaluation, the Company determines which source represents the best estimate of fair value. Overrides of third-party prices to internally developed valuations of fair value did not produce material differences in the fair values for the majority of the portfolio; accordingly, overrides were not material. In the absence of such market observable activity, management’s best estimate is used.

Fair values determined by internally derived valuation tools use market-observable data if available. Generally, this includes using an actively traded comparable security as a benchmark for pricing. These internal valuation methods primarily represent discounted cash flow models that incorporate significant assumptive inputs such as spreads, discount rates, default rates, severity and prepayment speeds. These inputs are analyzed by the Company’s portfolio managers and analysts, investment accountants and risk managers. Internally developed estimates may also use unobservable data, which reflect the Company’s own assumptions about the inputs market participants would use.

Most securities priced by a major independent third-party service have been classified as Level 2, as management has verified that the significant inputs used in determining their fair values are market observable and appropriate. Externally priced securities for which fair value measurement inputs are not sufficiently transparent, such as securities valued based on broker quotations, have been classified as Level 3. Internally valued securities, including adjusted prices received from independent third parties, where significant management assumptions have been utilized in determining fair value, have been classified as Level 3. Securities categorized as Level 1 consist primarily of investments in mutual funds.

The Company applies controls over the valuation process. Prices are reviewed and approved by the Company’s professional credit analysts that have industry expertise and considerable knowledge of the issuers. Management performs validation checks to determine the completeness and reasonableness of the pricing information, which include, but are not limited to, changes from identified pricing sources, significant or unusual price fluctuations above predetermined tolerance levels from the prior period, and back-testing of fair values against prices of actual trades. A group comprised of the Company’s investment accountants, portfolio managers and analysts and risk managers communicate on any unusual items above the tolerance levels that may have been identified in the pricing review process. These items are investigated, further analysis is performed and resolutions are appropriately documented.

DERIVATIVE INSTRUMENTS

Derivative instruments are reported at fair value using pricing valuation models which utilize market data inputs or independent broker quotations or exchange prices for exchange-traded futures. The Company calculates the fair value of derivatives using market standard valuation methodologies for foreign currency swaps, interest rate swaps, equity options and equity total return swaps. The derivatives are valued using mid-market inputs that are predominantly observable in the market. Inputs include, but are not limited to, interest swap rates, foreign currency forward and spot rates, credit spreads and correlations, interest volatility, equity volatility and equity index levels. The Company values certain derivatives that are designated as cash flow hedges in the same manner as the hedged item, which are determined using pricing models with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. On a monthly basis, the Company performs an analysis of derivative valuations, which includes both quantitative and qualitative analyses. Examples of procedures performed include, but are not limited to, review of pricing statistics and trends, analysis of the impacts of changes in the market environment and review of changes in the market value for each derivative by both risk managers and investment accountants. Internally calculated fair values are reviewed and compared to external broker fair values for reasonableness.

Derivative instruments classified as Level 1 are exchange-traded. Derivative instruments classified as Level 2 primarily include foreign currency and interest rate swaps. The derivative valuations are determined using pricing models with inputs that are observable in the market or can be derived principally from or corroborated by observable market data, primarily interest swap rates, interest rate volatility and foreign currency forward and spot rates.

Derivative instruments classified as Level 3 include complex derivatives, such as equity options and total return swaps. These derivatives are valued using pricing models which utilize both observable and unobservable inputs, primarily interest rate volatility, equity volatility, equity index levels and, to a lesser extent, broker quotations. A derivative instrument containing Level 2 inputs would be classified as a Level 3 financial instrument in its entirety if it has at least one significant Level 3 input.

SEPARATE ACCOUNT ASSETS

The fair value of separate account assets is based on the fair value or NAV of the underlying assets. Separate account assets held at fair value primarily consist of investments in mutual funds and hedge funds.

Level 1 separate account assets include mutual funds that are valued based on reported net asset values provided by fund managers daily and can be redeemed without restriction. Management performs validation checks to determine the reasonableness of the pricing information, which include, but are not limited to, price fluctuations above predetermined thresholds from the prior day and validation against similar funds or indices. Variances are investigated, further analysis is performed and resolutions are appropriately documented.

The fair value of assets in the Separate Accounts in Level 2 consists of bonds based on the valuation methods described above. The fair value of assets in the Separate Accounts in Level 3 consists of bonds based on valuation methods described above and mortgage loans based on the valuation method described below.

Investments Measured Using the NAV Practical Expedient

Separate account assets include hedge funds where the fair value is based on the NAV obtained from the fund managers. Investment strategies related to separate account hedge funds include multi-strategy primarily invested in U.S. and international equity, fixed income, long/short equity, loans, precious metals, real estate, derivatives, privately held companies and private partnerships. The redemption frequency can be daily, monthly, quarterly, semi-annually or annually. The remaining lockup period ranges from zero to 35 months as of December 31, 2024. There are no unfunded commitments of investments measured using the NAV practical expedient as of December 31, 2024.

LEVEL 3 RECONCILIATION

The tables below present a reconciliation of the beginning and ending balances of the Level 3 financial instruments that are carried at fair value using significant unobservable inputs:

						Total Gains or (Losses)
	January 1,	Transfers Into		Transfers Out		Included in	Included in				December 31,
	2024	Level 3 ⁽¹⁾		of Level 3 ⁽¹⁾		Net Income	Surplus	Purchases	Sales	Settlements	2024
	(In Millions)
Bonds
Issuer obligations	$7	$26	(2)	($7)	(2)		($2)	$1		$2	$27
Preferred stocks
Industrial and misc	1										1
Common stocks
Industrial and misc	65					$4		52	($42)		79
Derivatives, net	2,076					1,186	140	1,531	(1)	(2,143)	2,789
Other invested assets	169						2	30		(3)	198
Total	$2,318	$26		($7)		$1,190	$140	$1,614	($43)	($2,144)	$3,094

						Total Gains or (Losses)
	January 1,	Transfers Into		Transfers Out		Included in	Included in				December 31,
	2023	Level 3 ⁽¹⁾		of Level 3 ⁽¹⁾		Net Loss	Surplus	Purchases	Sales	Settlements	2023
	(In Millions)
Bonds
Issuer obligations	$14	$17	(2)	($19)	(3)		($1)			($4)	$7
LBASS	4			(4)	(2)						—
Preferred stocks
Industrial and misc	4						(3)				1
Common stocks
Industrial and misc	65					$5		$56	($59)	(2)	65
Money market funds		7	(2)	(8)	(4)	1
Derivatives, net	877					727	249	1,154		(931)	2,076
Other invested assets	116					(14)	20	168	(117)	(4)	169
Total	$1,080	$24		($31)		$719	$265	$1,378	($176)	($941)	$2,318

⁽¹⁾ Transfers in and/or out are recognized at the end of each quarter.

⁽²⁾ Transferred into/out of Level 3 due to carrying value adjustments down to fair value and reclassifications to Issuer Obligations.

⁽³⁾ Transferred out of Level 3 due to changes in fair value.

⁽⁴⁾ Transferred out of Level 3 due to changes in classification.

The admitted values and fair values of the Company's financial instruments are presented in the following table:

	December 31, 2024
							Not
							Practicable
	Fair	Admitted					(Carrying
	Value	Value	Level 1	Level 2	Level 3	NAV	Value)
	(In Millions)
Assets:
Bonds	$76,800	$82,251		$68,079	$8,721
Preferred stocks	1	1			1
Common stocks ⁽¹⁾	155	155	$76		79
Mortgage loans	18,332	19,596		16,875	1,457
Cash, cash equivalents and short-term investments	2,864	2,864	2,844	20
Contract loans	8,527	8,527			8,527
Derivatives, net	1,390	2,173	9	(1,408)	2,789
Securities lending reinvested collateral assets	1,793	1,793		1,793
Other invested assets ⁽¹⁾	1,027	1,076		802	225
Separate account assets	71,598	72,114	62,698	6,849	406	$1,645
Liabilities:
Liability for deposit-type contracts ⁽²⁾	28,405	28,687		21,482	6,923
Separate account liability for deposit-type contracts	8	8			8

	December 31, 2023
							Not
							Practicable
	Fair	Admitted					(Carrying
	Value	Value	Level 1	Level 2	Level 3	NAV	Value)
	(In Millions)
Assets:
Bonds	$71,551	$76,921		$64,220	$7,331
Preferred stocks	1	1			1
Common stocks ⁽¹⁾	143	142	$77		66
Mortgage loans	16,238	18,648			16,238
Cash, cash equivalents and short-term investments	3,018	3,018	2,941	22	55
Contract loans	8,187	8,187			8,187
Derivatives, net	1,149	1,612	36	(962)	2,075
Securities lending reinvested collateral assets	3,096	3,096		3,096
Other invested assets ⁽¹⁾	1,523	1,563		1,323	200
Separate account assets	65,143	65,576	58,753	4,386	811	$1,193
Liabilities:
Liability for deposit-type contracts ⁽²⁾	21,669	21,914		15,964	5,705
Separate account liability for deposit-type contracts	6	6			6

⁽¹⁾ Excludes investments accounted for under the equity method.

⁽²⁾ Excludes deposit liabilities with no defined or contractual maturities.

The tables above exclude the following financial instruments: investment income due and accrued, derivatives collateral receivable and payable and payable for securities lending. The fair value of these financial instruments, which are primarily classified as Level 2, approximates carrying value as they are short-term in nature such that there is minimal risk of material changes in fair value due to changes in interest rates or counterparty credit.

The following methods and assumptions were used to estimate the fair value of these financial instruments as of December 31, 2024 and 2023:

MORTGAGE LOANS

The fair value of the mortgage loan portfolio is determined by discounting the estimated future cash flows, using current rates that are applicable to similar credit quality, property type and average maturity of the composite portfolio.

CASH, CASH EQUIVALENTS, AND SHORT-TERM INVESTMENTS (INCLUDING SECURITIES LENDING REINVESTED COLLATERAL ASSETS)

For cash and cash equivalents with maturities of three months or less from date of purchase, their fair values approximate their book/adjusted carrying values due to their short maturities. For short-term investments with maturities of one year or less from date of purchase, excluding cash equivalents and money market mutual funds, their fair values are determined using similar valuation techniques as described above for bonds. Cash equivalents that are money market mutual funds have fair values that approximate their book/adjusted carrying values due to the short maturities of the underlying investments of the funds. Securities lending reinvested collateral assets that are primarily reverse purchase agreements have fair values that approximate their book/adjusted carrying values due to their short maturities.

CONTRACT LOANS

Contract loans are not separable from their associated insurance contract and bear no credit risk since they do not exceed the contract's cash surrender value, making these assets fully secured by the cash surrender value of the contracts. Therefore, the carrying amount of the contract loans is a reasonable approximation of fair value.

OTHER INVESTED ASSETS

Other invested assets consist primarily of surplus note investments held from other insurance providers and WCFIs that are NAIC rated 1 or 2. The fair values of the surplus note investments are priced by an independent pricing service as described for bonds above. The WCFIs are held at accreted book value which approximates fair value due to the short-term nature of the investment.

LIABILITY FOR DEPOSIT-TYPE CONTRACTS

The primary methods used to determine the fair value of liability for deposit-type contracts are: discounted cash flow methodologies using significant unobservable inputs, discounted cash flow methodologies using current market risk-free interest rates and adding a spread to reflect nonperformance risk and the use of observable inputs, such as quoted prices for identical or similar instruments from third-party pricing services. The fair value of deposit-type contracts issued at floating rates or that are short-term in nature approximate their carrying value.

SEPARATE ACCOUNT LIABILITY FOR DEPOSIT-TYPE CONTRACTS

The statement value of separate account liability for deposit-type contracts is reported under separate account liabilities and is a reasonable estimate of their fair value because the contractual interest rates are variable and based on current market rates.

5.	DERIVATIVE INSTRUMENTS

The Company primarily utilizes derivative instruments to manage its exposure to interest rates, foreign currency, and equity risk (collectively “market risk”) and credit risk. Derivative instruments are also used to manage the duration mismatch of general account assets and liabilities. Derivatives may be exchange-traded or contracted in the over-the-counter (OTC) market. The Company’s OTC derivatives are primarily bilateral contracts between two counterparties. Certain of the Company’s OTC derivatives are cleared and settled through central clearing counterparties. The Company utilizes a variety of derivative instruments including swaps, exchange-traded futures and options.

The following table summarizes the notional amount, net carrying value, and net fair value of the Company's derivative instruments by derivative type. Cash collateral received from or pledged to counterparties is not included in the amounts below.

	Notional Amount	Net Carrying Value	Net Fair Value
	(In Millions)
December 31, 2024:
Equity call options	$69,335	$2,789	$2,789
Equity futures	2,135	9	9
Foreign currency swaps	8,546	157	11
Interest rate swaps	11,414	(782)	(1,419)
Total	$91,430	$2,173	$1,390

December 31, 2023:
Equity call options	$26,853	$2,077	$2,077
Equity futures	3,129	36	36
Equity total return swaps	160	(2)	(2)
Foreign currency swaps	8,807	197	136
Interest rate swaps	9,294	(696)	(1,098)
Total	$48,243	$1,612	$1,149

Notional amount represents a standard of measurement of the volume of derivatives. Notional amount is not a quantification of market risk or credit risk and is not recorded in the statements of admitted assets, liabilities and capital and surplus - statutory basis. Notional amounts generally represent those amounts used to calculate contractual cash flows to be exchanged and are not paid or received, except for certain contracts such as foreign currency swaps.

COLLATERAL

For OTC and OTC-cleared derivatives, the Company pledges and receives cash and asset collateral. Cash collateral received from counterparties was $2.3 billion and $1.5 billion as of December 31, 2024 and 2023, respectively. Cash collateral pledged to counterparties was $609 million and $344 million as of December 31, 2024 and 2023, respectively.

As of December 31, 2024 and 2023, the Company had also accepted collateral, consisting of various securities, of $224 million and $44 million, respectively, which are held in separate custodial accounts. As of December 31, 2024 and 2023, none of this collateral had been repledged.

The Company is required to pledge initial margin for all futures contracts. The amount of required margin is determined by the exchange on which it is traded. Cash pledged for initial margin was $9 million and $36 million as of December 31, 2024 and 2023, respectively. Assets pledged to satisfy this requirement for initial margin were $86 million and $118 million as of December 31, 2024 and 2023, respectively.

As of December 31, 2024 and 2023, the Company provided collateral in the form of various securities of $1.3 billion and $1.0 billion, respectively, which are included in bonds. The counterparties are permitted by contract to sell or repledge this collateral.

DERIVATIVES DESIGNATED AS FAIR VALUE HEDGES

The Company offers life insurance products with indexed account options. The interest credited on the indexed accounts is a function of the underlying domestic and/or international equity index, subject to various caps, thresholds and participation rates.

The Company utilizes equity call options to hedge the credit paid to the policyholder on the underlying index for its life insurance products with indexed account options. These equity call options are contracts to buy the index at a predetermined time at a contracted price. The contracts will be net settled in cash based on differentials in the index at the time of exercise and the strike price subject to a cap, net of option premiums. These equity call options are designated as a fair value hedge under statutory accounting principles with changes in fair value recorded in net realized capital gains (losses) less tax.

The Company utilizes foreign currency interest rate swap agreements to convert floating foreign denominated liabilities to floating U.S. dollar liabilities. A foreign currency interest rate swap involves the exchange of an initial principal amount in two currencies, and the agreement to re-exchange the currencies at a future date, at an agreed-upon exchange rate. There are also periodic exchanges of interest payments in the two currencies at specified intervals, calculated using agreed-upon interest rates, exchange rates and the exchanged principal amounts. The Company enters into these agreements primarily to manage the currency risk associated with investments and liabilities that are denominated in foreign currencies.

For the years ended December 31, 2024, 2023 and 2022, $932 million, $841 million and $728 million, respectively, of option premium expense recorded in net investment income for equity options hedging indexed life insurance products was excluded from the assessment of hedge effectiveness. For all other hedging relationships, no component of the hedging instrument’s fair value was excluded from the assessment of hedge effectiveness.

For the years ended December 31, 2024, 2023 and 2022, the Company recorded $12 million, $30 million and $36 million, respectively, in unrealized capital gain resulting from derivatives that no longer qualified for hedge accounting.

DERIVATIVES DESIGNATED AS CASH FLOW HEDGES

The Company utilizes foreign currency interest rate swap agreements to convert fixed or floating foreign denominated liabilities to U.S. dollar fixed liabilities.

The Company also utilizes interest rate swaps to hedge against reinvestment risk embedded in products with long durations. An interest rate swap agreement involves the exchange, at specified intervals, of interest payments resulting from the difference between fixed rate and floating rate interest amounts calculated by reference to an underlying notional amount. Generally, no cash is exchanged at the outset of the contract and no principal payments are made by either party.

The maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for forecasted transactions is 40 years. The Company may discontinue cash flow hedge accounting because it is no longer probable that the forecasted transaction will occur by the end of the originally specified time period or within two months of the anticipated date. The Company did not have cash flow hedges that have been discontinued.

DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS

The Company offers a rider on certain variable annuity contracts that guarantees net principal over specified periods, as well as riders on certain variable annuity contracts that guarantee a minimum withdrawal benefit over specified periods, subject to certain restrictions.

The Company may utilize total return swaps, exchange-traded futures and equity put options based upon domestic and international equity market indices to economically hedge the equity risk of the guarantees in its variable annuity products. Total return swaps are swaps whereby the Company agrees to exchange the difference between the economic risk and reward of an equity index and a floating rate of interest, calculated by reference to an agreed upon notional amount. Cash is paid and received over the life of the contract based on the terms of the swap. In exchange-traded futures transactions, the Company agrees to purchase or sell a specified number of contracts, the values of which are determined by the underlying equity indices, and to post variation margin on a daily basis in an amount equal to the change in the daily fair value of those contracts. The equity put options involve the exchange of an upfront payment for the return, at the end of the option agreement, of the equity index below a specified strike price. The Company also utilizes interest rate swaps to manage interest rate risk in the variable annuity products.

The Company offers fixed indexed annuity products where interest is credited to the policyholder’s account balance based on domestic and/or international equity index changes, subject to various caps or participation rates. The Company utilizes total return swaps, exchange-traded equity futures and equity call options based upon market indices to economically hedge the interest credited to the policyholder based upon the underlying equity index. These equity call option contracts involve the exchange of an upfront premium payment for the return, at the end of the option agreement, of the differentials in the index at the time of exercise and the strike price subject to a cap.

Interest rate swaps are used by the Company to reduce market risk from changes in interest rates and other interest rate exposure arising from duration mismatches between assets and liabilities.

Foreign currency interest rate swap agreements are used to convert foreign-denominated assets or liabilities to U.S. dollar assets or liabilities.

The average and ending fair value of derivatives not designated as hedging instruments during and as of the periods presented are as follows:

	December 31, 2024			December 31, 2023
	Asset	Liability	Average Asset (Liability)	Asset	Liability	Average Asset (Liability)
	(In Millions)
Equity call options	$650		$554	$349		$236
Equity futures	9		30	36		44
Equity put options						1
Equity total return swaps			(1)		$2	(2)
Foreign currency swaps	352	$151	174	297	121	232
Interest rate swaps		119	(73)	29	150	(137)
Total	$1,011	$270	$684	$711	$273	$374

The following table summarizes the surplus and net realized capital gains (losses) impact from derivative instruments not designated as hedging instruments:

	Years Ended December 31,			Years Ended December 31,
	2024	2023	2022	2024	2023	2022
	Surplus			Net Realized Capital Gains (Losses)
	(In Millions)
Equity call options	$140	$250	($336)	$585	$164	$132
Equity futures	159	(163)	104	(435)	(201)	233
Equity total return swaps	2	(2)	2
Foreign currency swaps	25	(80)	94	8		128
Interest rate swaps		(1)	3	29	(8)	(1,100)
Total	$326	$4	($133)	$187	($45)	($607)

For the years ended December 31, 2024, 2023 and 2022, net losses from periodic net settlements and amortization recorded in net investment income were $322 million, $271 million and $188 million, respectively.

For equity call options with deferred financing premiums which are paid at the end of the derivative contract, summarized in the tables below are the undiscounted future settled premium commitments, equity call option fair value and equity call option fair value excluding impact of discounted future settled premiums:

	Premium Payments Due ⁽¹⁾
	(In Millions)
Years Ending December 31:
2025	$50
2026	49
2027	123
2028	25
Total	$247

⁽¹⁾Premium payments are expected to be made monthly, based upon current maturity date of derivative contracts.

	December 31,
	2024	2023
	(In Millions)
Undiscounted future premium commitments	$247	$530
Equity call option fair value	649	697
Equity call option fair value excluding impact of discounted future settled premiums	649	697

DERIVATIVES DESIGNATED AS HEDGING UNDER SSAP NO. 108

The hedged obligation consists of a portion of the Company's guaranteed benefits on variable annuity contracts, including related minimum benefit guarantees that is sensitive to interest rate movement. Changes in interest rates impact the present value of future product cash flows (discount rate), as well as the value of the investments comprising the account value to be assessed against the guarantee. The hedged portion of the block is determined on a monthly basis based on the percentage of the economic liability being hedged.

Interest rate risk may be hedged by a duration matched portfolio of interest sensitive derivatives, such as treasury futures, interest rate swaps, interest rate swaptions or treasury caps/floors. The Company entered into this hedging relationship effective January 1, 2022 and no changes have been made to the hedging strategy since inception. Hedge effectiveness is measured in accordance with the requirements outlined under SSAP No. 108 on a quarterly basis, both prospectively and retrospectively, and remains highly effective as of December 31, 2024.

The following table summarizes the scheduled amortization for the recognition of gains/losses and deferred assets and liabilities:

	Deferred Assets	Deferred Liabilities
	(In Millions)
Amortization Year:
2025	$49
2026	49
2027	49
2028	49
Thereafter	200
Total	$396	$—

The following table presents the rollforward of future amortization and total deferred balance:

	Years Ended December 31,
	2024	2023
	(In Millions)
Prior year total deferred balance	$214	$328
Current year amortization	(34)	(38)
Current year deferred recognition	216	(76)
Ending deferred balance	$396	$214

The following table presents the open derivative removed from SSAP No. 108 and captured in scope of SSAP No. 86:

	Years Ended December 31,
	2024	2023
	(In Millions)
Total derivative fair value change		$7
Change in fair value reflected as a deferred asset/liability under SSAP No. 108		(4)
Unrealized gain/loss recognized for derivative under SSAP No. 86	$—	$3

The following table presents the open derivative removed from SSAP No. 86 and captured in scope of SSAP No. 108:

	Years Ended December 31,
	2024	2023
	(In Millions)
Total derivative fair value change	($37)	$6
Unrealized gain/loss recognized prior to reclassification to SSAP No. 108
Fair value changes available for applicants under SSAP No. 108	($37)	$6

The Company did not have any hedging strategies no longer identified as highly effective previously captured within the scope of SSAP No. 108. The Company did not elect to terminate the hedging strategy and/or discontinue the special accounting provisions permitted within SSAP No. 108.

DERIVATIVE CREDIT EXPOSURE

The Company is exposed to credit-related losses in the event of nonperformance by derivative counterparties to OTC derivatives. The Company manages its credit risk by dealing with creditworthy counterparties, establishing risk-control limits, executing legally enforceable master netting agreements, and obtaining collateral where appropriate. In addition, the Company evaluates the financial stability of each counterparty before entering into each agreement and throughout the period that the financial instrument is owned.

The Company’s OTC-cleared derivatives are effected through central clearing counterparties and its exchange-traded derivatives are effected through regulated exchanges. Such positions are marked to market and margined on a daily basis (both initial margin and variation margin), and the Company has minimal exposure to credit-related losses in the event of nonperformance by counterparties to such derivatives.

For OTC derivative transactions, the Company enters into legally enforceable master netting agreements which provide for the netting of payments and receipts with a single counterparty. The net position with each counterparty is calculated as the aggregate fair value of all derivative instruments with each counterparty, net of income or expense accruals and collateral paid or received. These master netting agreements include collateral arrangements with derivative counterparties, which require positions be marked to market and margined on a daily basis by the daily settlement of variation margin. The Company has minimal counterparty exposure to credit-related losses in the event of nonperformance by these counterparties.

The OTC agreements may include a termination event clause associated with financial strength ratings assigned by certain independent rating agencies. If these financial strength ratings were to fall below a specified level, as defined within each counterparty master agreement, or if one of the rating agencies were to cease to provide a financial strength rating, the counterparty could terminate the master agreement with payment due based on the net fair value of the underlying derivatives. As of December 31, 2024 and 2023, the Company’s financial strength ratings were above the specified level.

The Company’s credit exposure is measured on a counterparty basis as the net positive fair value of all derivative positions with the counterparty, net of income or expense accruals and collateral received. All of the net credit exposure for the Company from derivative contracts is with investment-grade counterparties. The Company has not incurred any losses on derivative financial instruments due to counterparty nonperformance for the years ended December 31, 2024, 2023 and 2022. The Company does not expect any counterparties to fail to meet their obligations given their investment-grade ratings.

6.	INCOME TAXES

The components of net deferred tax assets (DTAs) and deferred tax liabilities (DTLs) are as follows:

	December 31, 2024			December 31, 2023
	Ordinary	Capital	Total	Ordinary	Capital	Total
	(In Millions)
Gross DTAs	$1,977	$90	$2,067	$1,676	$81	$1,757
Statutory valuation allowance adjustment
Adjusted gross DTAs	1,977	90	2,067	1,676	81	1,757
Nonadmitted DTAs	205		205	337		337
Net admitted DTAs	1,772	90	1,862	1,339	81	1,420
DTLs	139	714	853	125	549	674
Net admitted DTAs (DTLs)	$1,633	($624)	$1,009	$1,214	($468)	$746

				Change during 2024
				Ordinary	Capital	Total
				(In Millions)
Gross DTAs				$301	$9	$310
Statutory valuation allowance adjustment
Adjusted gross DTAs				301	9	310
Nonadmitted DTAs				(132)		(132)
Net admitted DTAs				433	9	442
DTLs				14	165	179
Net admitted DTAs (DTLs)				$419	($156)	$263

The admission calculation components of SSAP No. 101, Income Taxes, are as follows:

	December 31, 2024			December 31, 2023
	Ordinary	Capital	Total	Ordinary	Capital	Total
	(In Millions)
Federal income taxes paid in prior years recoverable through loss carrybacks
Adjusted gross DTAs expected to be realized after application of the threshold limitation	$1,009		$1,009	$746		$746
Adjusted gross DTAs expected to be realized following the balance sheet date	1,009		1,009	746		746
Adjusted gross DTAs allowed per limitation threshold			1,670			1,656
Adjusted gross DTAs offset by gross DTLs	139	$714	853	125	$549	674
DTAs admitted as the result of application of SSAP No. 101	$1,148	$714	$1,862	$871	$549	$1,420

				Change during 2024
				Ordinary	Capital	Total
				(In Millions)
Federal income taxes paid in prior years recoverable through loss carrybacks				$—		$—
Adjusted gross DTAs expected to be realized after application of the threshold limitation				263		263
Adjusted gross DTAs expected to be realized following the balance sheet date				263		263
Adjusted gross DTAs allowed per limitation threshold						14
Adjusted gross DTAs offset by gross DTLs				14	$165	179
DTAs admitted as the result of application of SSAP No. 101				$277	$165	$442

The ratio percentage and adjusted capital and surplus used to determine recovery period and threshold limitation are as follows:

	December 31,
	2024	2023
	($ In Millions)
Ratio percentage	1,007%	1,017%
Amount of adjusted capital and surplus	$11,134	$11,037

As of December 31, 2024 and 2023, there was no impact on adjusted gross and net admitted DTAs due to tax planning strategies. The Company's tax planning strategies did not include the use of reinsurance.

Federal income taxes are as follows:

	Years Ended December 31,			Change	Change
	2024	2023	2022	2024-2023	2023-2022
	(In Millions)
Federal income tax expense (benefit)	$79	($26)	$9	$105	($35)
Federal income taxes on net capital gains (loss)	(8)	57	22	(65)	35
Other		5		(5)	5
Total	$71	$36	$31	$35	$5

The tax effects of temporary differences that give rise to significant portions of the DTAs and DTLs are as follows:

	December 31,
	2024	2023	Change
	(In Millions)
DTAs:
Ordinary:
Policyholder reserves	$899	$753	$146
Deferred acquisition costs	600	549	51
Tax credit carryforward	344	255	89
Compensation and benefits accrual	75	74	1
Fixed assets	45	32	13
Policyholder dividend accruals	2	2
Other	12	11	1
Total	1,977	1,676	301
Statutory valuation allowance adjustment
Nonadmitted DTAs	205	337	(132)
Admitted ordinary DTAs	1,772	1,339	433

Capital:
Investments	90	81	9
Net admitted DTAs	1,862	1,420	442

DTLs:
Ordinary:
Investments	133	118	15
Other	6	7	(1)
Total	139	125	14

Capital:
Investments	714	549	165

DTLs	853	674	179

Net admitted DTAs	$1,009	$746	$263

The change in net deferred income taxes, exclusive of the nonadmitted assets, is as follows:

	December 31,
	2024	2023	Change
	(In Millions)
Total DTAs	$2,067	$1,756	$311
Total DTLs	853	674	179
Net DTA	$1,214	$1,082	132
Excluding tax effect of unrealized gains (losses)			15
Change in net deferred income tax			147
Tax credits not reflected in change in net deferred income tax			(89)
Change in net operating deferred income tax			$58

Federal income tax expense (benefit) is different from that which would be incurred by applying the statutory Federal income tax rate of 21% to income before income taxes. The significant items causing these differences are as follows:

	Years Ended December 31,
	2024	2023	2022
	(In Millions)
Provision computed at statutory rate	$31	$1	$11
Tax impact from affiliates	22	(3)	19
Tax impact from surplus activities	24	(20)	(13)
Foreign tax reclaims		5
Prior year tax adjustments	(10)	(8)
Tax credits	(19)	(18)	(17)
Taxes allocated under tax sharing agreement	(16)	(19)	(23)
Dividend received deduction	(29)	(26)	(31)
Tax impact from derivative gains from surplus	49	46	(112)
Interest accrual	(25)
Other	(14)	(16)	(7)
Total statutory income tax	$13	($58)	($173)

Federal income taxes incurred	$71	$36	$31
Change in net deferred income taxes	(58)	(94)	(204)
Total statutory income tax	$13	($58)	($173)

The Company had no net operating loss carry-forwards available for tax purposes. The Company has $344 million of tax credit carry-forwards that originated in 2023 and 2024 and will expire in 2043 and 2044. The Company had no Alternative Minimum Tax credit carry-forward. The Company had no adjustments of DTAs and DTLs for enacted changes in tax laws or a change in tax status. The Company had no adjustments to gross DTAs because of a change in circumstances that causes a change in judgment about the realizability of the related DTAs. The Company had no deposits under Section 6603 of the Internal Revenue Code.

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

	Ordinary	Capital
	(In Millions)
2024 estimated
2023		$41
2022		29

The Company had no federal or foreign income tax loss contingencies for which it is reasonably possible that the total liability will significantly increase within 12 months from December 31, 2024.

PMHC and its subsidiaries file income tax returns in the U.S. Federal and various state jurisdictions. PMHC is under continuous audit by the Internal Revenue Service (IRS) and is audited periodically by some state taxing authorities. The IRS is currently examining PMHC’s tax returns for the years ended December 31, 2013 through 2022. The exam of the Federal tax returns through tax years ended December 31, 2012 has been completed and certain issues are under appeals. The State of California is auditing the tax year ended December 31, 2009 and certain issues are under protest. The Company does not expect the current Federal and California audits to result in any material assessments.

The Inflation Reduction Act enacted on August 16, 2022 is effective January 1, 2023 and imposes a 15% CAMT on corporations with three-year average adjusted financial statement income over $1.0 billion. The CAMT is payable to the extent the CAMT liability exceeds the regular corporate income tax liability; however, any CAMT paid would be available as a credit with indefinite carryover that could reduce future regular tax in excess of CAMT.

Following the guidance of Statutory Accounting Principles Working Group INT 23-03, the Company has determined that it is an applicable reporting entity starting in 2024. CAMT has not been recognized on the financial statements - statutory basis for the year ended December 31, 2024, since the Company's regular tax liability exceeds its CAMT liability.

BORROWED MONEY

The Company maintains a commercial paper program with available borrowings up to $1.0 billion as of December 31, 2024 and 2023. There was no commercial paper debt outstanding as of December 31, 2024 and 2023. The Company maintains a $1.0 billion senior revolving credit facility available to both borrowers (the Company and Pacific LifeCorp) up to the full commitment amount with a maturity date of June 2026. This facility serves as a back-up line of credit to the commercial paper program. Interest is at variable rates. This facility had no debt outstanding as of December 31, 2024 and 2023. The revolving credit facility has certain debt covenants and the Company was in compliance with those debt covenants as of December 31, 2024.

The Company maintains a reverse repurchase line of credit with an unaffiliated financial institution. There was no debt outstanding in connection with this line of credit as of December 31, 2024 and 2023.

The Company is a member of the Federal Home Loan Bank (FHLB) of Topeka. The Company is eligible to receive advances from the FHLB based on a percentage of the Company’s statutory general account assets provided it has sufficient available eligible collateral and is in compliance with the FHLB requirements, debt covenant restrictions and insurance laws and regulations. The Company's estimated maximum borrowing capacity (after taking into account required collateralization levels) was $7.8 billion and $6.0 billion as of December 31, 2024 and 2023, respectively. However, asset eligibility determination is subject to the FHLB's discretion and to the availability of qualifying assets at the Company. The Company received advances under short-term debt arrangements to provide for additional liquidity, which were accounted for as borrowed money under SSAP No. 15, Debt and Holding Company Obligations. There was no debt outstanding with the FHLB as of December 31, 2024 and 2023.

Through its membership, the Company has issued funding agreements to the FHLB in exchange for cash advances. The Company uses these funds in an investment spread strategy, consistent with its other investment spread business. As such, the Company applies SSAP No. 52, Deposit-Type Contracts, accounting treatment to these funds, consistent with its other deposit-type contracts. The funding agreement liabilities are included in liability for deposit-type contracts.

The collateral pledged to the FHLB is as follows:

	December 31, 2024			December 31, 2023
	Fair Value	Carrying Value	Aggregate Total Borrowing	Fair Value	Carrying Value	Aggregate Total Borrowing
	(In Millions)
General Account: ⁽¹⁾
Total collateral pledged	$10,930	$11,609	$1,690	$8,193	$9,271	$1,424
Maximum collateral pledged	10,930	11,609	1,690	8,193	9,271	1,424

⁽¹⁾ In 2023, the Company entered into a Subsidiary Collateral and Security Agreement with PAH to pledge certain affiliate collateral to the FHLB on behalf of the Company.

The amount borrowed from the FHLB is as follows:

	December 31, 2024		December 31, 2023
	General Account	Funding Agreement Reserves Established	General Account	Funding Agreement Reserves Established
	(In Millions)
Funding agreements	$1,690	$1,696	$1,424	$1,429
Total	$1,690	$1,696	$1,424	$1,429

The maximum borrowing from FHLB is as follows:

	General Account
	Years Ended December 31,
	2024	2023
	(In Millions)
Debt	$100	$540
Funding agreements	1,890	1,457
Total	$1,990	$1,997

The Company's debt borrowings from FHLB are not subject to prepayment obligations. The Company's funding agreements with the FHLB are subject to prepayment obligations.

The Company is required to purchase stock in FHLB of Topeka each time it receives an advance. As of December 31, 2024 and 2023, the Company held $78 million and $66 million, respectively, of restricted FHLB of Topeka stock, primarily consisting of membership Class B stock, which is recorded in common stock. None of the membership stock is eligible for redemption.

CAPITAL AND SURPLUS

DIVIDEND RESTRICTIONS

The payment of dividends by the Company to Pacific LifeCorp is subject to restrictions set forth in the State of Nebraska insurance laws. These laws require (i) notification to the NE DOI for the declaration and payment of any dividend and (ii) approval by the NE DOI for accumulated dividends within the preceding twelve months that exceed the greater of 10% of statutory policyholder surplus as of the preceding December 31 or statutory net gain from operations for the preceding twelve months ended December 31. Based on these restrictions and 2024 statutory results, the Company could pay up to $756 million in dividends in 2025 to Pacific LifeCorp, without prior approval by the NE DOI, subject to the notification requirement. Within the dividend restrictions, there are no restrictions placed on the portion of Company profits that may be paid as ordinary dividends to stockholders. There are no other restrictions on unassigned surplus.

No dividends were paid during the years ended December 31, 2024, 2023 and 2022.

UNASSIGNED SURPLUS

The portion of unassigned surplus represented by cumulative unrealized gains, net, as of December 31, 2024 and 2023 was $1.2 billion and $682 million, respectively.

SPECIAL SURPLUS ADJUSTMENTS

During the year ended December 31, 2024, significant changes in the balance of special surplus funds from the prior year are due to admittance of negative IMR and unrealized gain/(loss) from derivatives under SSAP 108. There were no significant changes in the balance of special surplus funds for the years ended December 31, 2023 and 2022.

SURPLUS NOTES

The carrying values of surplus notes are shown below:

	December 31,
	2024	2023
	(In Millions)
2009 Surplus Notes	$300	$300
2013 Surplus Note	406	406
2017 Surplus Notes	749	749
Total	$1,455	$1,455

In December 2023, with the approval of the NE DOI, the Company repaid the full $134 million of the 1993 Surplus Notes.

2009 Surplus Notes:

In June 2009, the Company issued $1.0 billion of surplus notes at a fixed interest rate of 9.25%, maturing in June 2039 (2009 Surplus Notes). Interest is payable semiannually on June 15 and December 15. Total interest and principal paid on a cumulative basis was and $1.1 billion and $700 million, respectively, as of December 31, 2024. Interest paid on the 2009 Surplus Notes amounted to $28 million, $28 million and $63 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included in net investment income. During the years ended December 31, 2024 and 2023, no principal was paid. In September 2022, with the approval of the Director of the NE DOI, the Company repurchased and retired $85 million of the 2009 Surplus Notes. The Company may redeem all or a portion of the 2009 Surplus Notes at its option, subject to the prior approval of the Director of the NE DOI for such optional redemption. The 2009 Surplus Notes are unsecured and subordinated to all present and future senior indebtedness and policy claims of the Company. Each payment of interest on and the repayment of principal of the 2009 Surplus Notes may be made only out of the Company’s surplus and with the prior approval of the Director of the NE DOI. The Company had entered into interest rate swaps converting these surplus notes to variable rate notes based upon the LIBOR. During the year ended December 31, 2011, the interest rate swaps were terminated. Deferred gains related to the termination of the interest rate swaps were recorded directly to surplus in other surplus adjustments and are amortized as a reduction of interest expense over the life of the surplus notes using the effective interest method. As of December 31, 2024, total unamortized gains were $80 million. Amortization totaled $3 million for the years ended December 31, 2024, 2023 and 2022.

The 2009 Surplus Notes were issued pursuant to Rule 144A under the Securities Act of 1933, underwritten by Goldman Sachs & Co., UBS Investment Bank and Wachovia Securities. U.S. Bank has been appointed as fiscal agent to act as registrar, principal paying agent and transfer agent with respect to the 2009 Surplus Notes. The 2009 Surplus Notes are held by bank custodians for unaffiliated investors and may hold 10% or more of the outstanding notes at any time.

2013 Surplus Note:

In January 2013, the Company issued a $500 million, 30-year surplus note to its parent, Pacific LifeCorp, at a fixed interest rate of 5.125%, with semi-annual interest payments due January 25 and July 25, maturing in January 2043 (2013 Surplus Note). Each payment of interest on and the repayment of principal of the 2013 Surplus Notes may be made only out of the Company’s surplus and with the prior approval of the Director of the NE DOI. The 2013 Surplus Note is unsecured and subordinated to all present and future senior indebtedness and policy claims of the Company. Total interest and principal paid on a cumulative basis was $263 million and $90 million, respectively, as of December 31, 2024. Interest paid on the 2013 Surplus Note amounted to $21 million, $21 million and $20 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included in net investment income. There was no principal paid during the years ended December 31, 2024, 2023 and 2022.

2017 Surplus Notes:

In October 2017, with the approval of the Director of the NE DOI, the Company issued $750 million of 4.3% surplus notes maturing in October 2067 (2017 Surplus Notes). The 2017 Surplus Notes accrue interest at a fixed rate of 4.3% through October 23, 2047, and thereafter until maturity at a floating rate equal to the three-month LIBOR for deposits in U.S. dollars plus 2.796%. The loan agreement contains fallback language in the event LIBOR becomes unavailable. Interest is payable semiannually on April 24 and October 24 until and including October of 2047, and thereafter quarterly on January 24, April 24, July 24 and October 24 of each year, commencing on January 24, 2048. Total interest and principal paid on a cumulative basis was $226 million and zero, respectively, as of December 31, 2024. Interest paid on the 2017 Surplus Notes amounted to $32 million for the years ended December 31, 2024, 2023 and 2022, and is included in net investment income. There was no principal paid during the years ended December 31, 2024, 2023 and 2022.

The 2017 Surplus Notes were issued pursuant to Rule 144A under the Securities Act of 1993, underwritten by Barclays, Citigroup, Credit Suisse, Wells Fargo Securities and Goldman Sachs & Co. LLC. The Company may redeem all or a portion of the 2017 Surplus Notes at its option any time on or after October 2047 at the redemption price described under the terms of the 2017 Surplus Notes subject to the prior approval of the Director of the NE DOI for such optional redemption. Each payment of interest on and the repayment of principal of the 2017 Surplus Notes may be made only out of the Company’s surplus and with the prior approval of the Director of the NE DOI. The 2017 Surplus Notes are held by bank custodians for unaffiliated investors and may hold 10% or more of the outstanding notes at any time. The 2017 Surplus Notes are unsecured and subordinated to all present and future senior indebtedness and policy claims of the Company.

REINSURANCE

The Company has reinsurance contracts with other insurance companies and affiliates to limit potential losses, reduce exposure from larger mortality risks, and provide additional capacity for growth. As part of its risk management process, the Company routinely evaluates its reinsurance programs and may change retention limits, reinsurers, or other features at any time.

The ceding of risk does not discharge the Company from its primary obligations to contract owners. To the extent that the assuming companies become unable to meet their obligations under reinsurance contracts, the Company remains liable. Each reinsurer is reviewed to evaluate its financial stability before entering into each reinsurance contract and throughout the period that the reinsurance contract is in place.

Reserve adjustments on reinsurance ceded in the statements of operations - statutory basis relate to amounts ceded by the Company in connection with modified coinsurance reinsurance agreements. The amounts included in revenue adjustments on reinsurance ceded primarily represent ceded current and future policy benefits, net investment income, and net realized capital gains (losses) less tax related to these agreements.

All assets associated with business reinsured on a modified coinsurance basis remain with, and under the control of, the Company.

For the years ended December 31, 2024, 2023 and 2022, premiums assumed were ($9) million, $1.0 billion and $1.2 billion, and premiums ceded were $3.3 billion, $12.7 billion and $2.6 billion, respectively. As of December 31, 2024 and 2023, reserve credits recorded on ceded reinsurance were $19.0 billion and $17.1 billion, respectively.

Amounts recoverable from reinsurers on paid losses, included in other assets, were $305 million and $355 million as of December 31, 2024 and 2023, respectively. Reinsurance recoveries for unpaid losses, included in other liabilities, totaled $370 million and $334 million as of December 31, 2024 and 2023, respectively.

The Company had ceded and assumed reinsurance contracts in place with Scottish Re (U.S.), Inc. (Scottish Re), a reinsurer whose financial stability deteriorated. In March 2019, Scottish Re's domiciliary state regulator issued a rehabilitation and injunction order, in which the regulator shall conduct and continue business of the reinsurer. In July 2023, the court granted a liquidation order for Scottish Re, which terminated the reinsurance contracts as of September 30, 2023. For the year ended December 31, 2024 and 2023, the Company wrote off zero and $39 million of claims incurred and zero and $3 million of other for uncollectible reinsurance, respectively, from Scottish Re. The impairment was reported in the statements of operations - statutory basis and was reclassified from a change in nonadmitted assets on the statements of capital and surplus - statutory basis. Therefore, there was no impact on total capital and surplus as of December 31, 2024 and 2023. As of December 31, 2024, timing of expected settlements of the reinsurance recoverables is not certain. The Company does not expect the financial deterioration of the reinsurer to have a material adverse effect on the Company's financial statements - statutory basis as of December 31, 2024.

Scottish Re's reinsurance recoverable amounts from paid claims incurred prior to the reinsurance contract cancellation and which are not in dispute were $15 million and $14 million as of December 31, 2024 and 2023, respectively, and are reported in other assets. Total amounts recoverable from Scottish Re's estate for claims incurred before the reinsurance contract cancellation and other amounts expected to be recovered were $1 million and $9 million, respectively, as of December 31, 2024 and $2 million and $10 million, respectively, as of December 31, 2023, and were nonadmitted. The net amount owed to Scottish Re’s estate was $46 million and $53 million as of December 31, 2024 and 2023, respectively, consisting of $61 million of contract claims reported in other liabilities and $15 million of uncollected premiums reported in other assets as of December 31, 2024 and $62 million of contract claims reported in other liabilities and $9 million of uncollected premiums reported in other assets as of December 31, 2023.

As part of a strategic alliance, the Company reinsures risks associated with policies written by an independent producer group primarily through modified coinsurance arrangements with this producer group's reinsurance company. Premiums ceded to this producer group amounted to $474 million, $423 million and $423 million for the years ended December 31, 2024, 2023 and 2022, respectively. Direct premiums written or produced by this producer group amounted to $497 million, $409 million and $319 million for the years ended December 31, 2024, 2023 and 2022, respectively.

The estimated amount of the aggregate reduction in surplus of termination of all reinsurance agreements, by either party, was $2.7 billion and $2.3 billion as of December 31, 2024 and 2023, respectively.

In September 2023, the Company signed an indemnity reinsurance agreement with Hannover Life Reassurance Company of America (Bermuda) LTD to cede risks under certain indexed universal life insurance policies issued by the Company, effective December 31, 2023. The reinsurance will be on a coinsurance basis in respect of the Coinsurance Benefits under the Coinsured Policies and on a Yearly Renewable Term (YRT) basis in respect of the YRT Benefits under the YRT Reinsured Policies. The amount of reserve credits taken for new agreements or amendments to existing agreements, which included policies or contracts that were in force or which had existing reserves established by the Company, was $12.2 billion and $11.3 billion as of December 31, 2024 and 2023, respectively.

The Company entered into a YRT reinsurance agreement with Swiss Re effective January 1, 2023, through which the Company cedes mortality risk on a certain block of permanent business.

Effective April 2023, the Company entered into an agreement with Security Life of Denver Insurance Company to recapture two coinsurance/YRT agreements ceding varying amounts of mortality risk related to specific life business. The coinsurance/YRT reserves recaptured were $354 million, reported in current and future policy benefits, and the assets received were $215 million, reported in premiums and annuity considerations.

CEDED AFFILIATED REINSURANCE

The Company cedes certain statutory reserves to affiliated special purpose financial insurance companies and affiliated captive reinsurance companies that are supported by a combination of cash, invested and other assets and third-party excess of loss reinsurance agreement or note facilities. As of December 31, 2024 and 2023, the Company’s total statutory reserve credit was $3.9 billion and $3.6 billion, respectively, which was partially supported by third-party excess of loss reinsurance agreement and note facilities.

The Company utilizes affiliated reinsurers to mitigate the statutory capital impact of NAIC Model Regulation “Valuation of Life Insurance Polices” (Regulation XXX) and NAIC Actuarial Guideline 38 on the Company’s universal life products with flexible duration no lapse guarantee rider (FDNLGR) benefits. PAR Vermont and PBRC are Vermont based special purpose financial insurance companies subject to regulatory supervision by the Vermont Department of Financial Regulation. PAR Vermont and PBRC are wholly-owned subsidiaries of the Company and accredited authorized reinsurers in Nebraska. The Company cedes certain level term life insurance to PBRC and FDNLGR benefits to PAR Vermont and PBRC. Economic reserves, as defined in the PAR Vermont and PBRC reinsurance agreements, are supported by cash and invested and other assets, including funds withheld at the Company.

The reinsurance agreement with PBRC is subject to the requirements of NAIC Actuarial Guideline 48. The reinsurance agreement was effective January 1, 2015 and covers certain level term insurance policies and the FDNLGR benefits on certain covered policies issued from January 1, 2015 through December 31, 2019. For this reinsurance agreement, funds consisting of certain defined assets (Primary Security) in an amount at least equal to the minimum amount required of Primary Security are held by the Company as security under the reinsurance agreement on a funds withheld basis. Funds consisting of other security in an amount at least equal to the portion of the statutory reserves, as to which Primary Security is not held, are held in a trust on behalf of the Company as security under the reinsurance agreement.

The Company has reinsurance agreements with RGBM, a wholly-owned, indirect subsidiary of Pacific LifeCorp domiciled in Bermuda, through which the Company retrocedes statutory reserves for a majority of the underlying YRT treaties on a 100% coinsurance basis to RGBM.

Effective September 2024, the Company entered into a coinsurance with funds withheld agreement to cede certain group annuities to RGBM, recognized as a Reciprocal Jurisdiction Reinsurer in Nebraska. As of December 31, 2024, the Company recognized a reserve credit of $1.0 billion. The transaction generated a gain, net of tax, of $134 million which was reported in unassigned surplus and will be recognized in future periods as earnings emerge from the business reinsured in accordance with NAIC SAP Appendix A-791.

The Company has assumed reinsurance agreements with affiliated reinsurer Pacific Life Re International Limited UK Branch (RIBM UK) through which the Company provides two longevity reinsurance solutions associated with individual annuities and pension schemes. Reserves assumed through this agreement totaled $2.0 billion and $2.7 billion as of December 31, 2024 and 2023, respectively.

Effective January 2024, an amendment was made to the existing in-force longevity treaties between the Company and RIBM UK. The Company increased the quota share assumed under the treaties and paid a ceding commission of $221 million to RIBM UK due to this transaction.

In December 2024, a retrocession treaty between the Company and RIBM UK was terminated. As of December 31, 2024, the Company derecognized $568 million of reserves and recognized a gain, net of tax, of $5 million.

During 2024, RIBM UK terminated certain assumed longevity reinsurance agreements in exchange for cash consideration of $81 million. This consideration was retroceded fully to the Company as part of the retrocession arrangement between RIBM UK and the Company.

The Company has issued policies that have been reinsured by Union Hamilton Reinsurance, Ltd., a Bermuda based subsidiary, which is wholly-owned by Wells Fargo & Company. Wells Fargo & Company provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services.

10.

EMPLOYEE BENEFIT PLANS

PENSION PLAN

The Company maintains a Supplemental Executive Retirement Plan (SERP) for certain eligible employees. The SERP is a non-qualified defined benefit plan. As of December 31, 2024 and 2023, the benefit obligation and total liability recognized were $80 million. The accrued benefit costs were $63 million and $64 million and the liability for pension benefits was $17 million and $16 million as of December 31, 2024 and 2023, respectively. The fair value of plan assets as of December 31, 2024 and 2023 was zero. Total net periodic benefit cost was $8 million, $14 million and $8 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amounts in unassigned funds (surplus) that have not yet been recognized as components of net period benefit cost consisted of net prior service cost of $1 million and net recognized gains of $16 million as of December 31, 2024 and 2023.

Weighted average assumptions are as follows:

	Years Ended December 31,
Net Periodic Benefit Costs:	2024	2023	2022
Weighted average discount rate	5.65%	5.30%	2.55%
Interest crediting rates /Pre-1994 Retiree Reimbursement Agreement (RRA) subsidy increase (for cash balance plan and other plans with promised interest crediting rates)	5.00%	5.00%	2.75%

	December 31,
	2024	2023
Projected Benefit Obligations:
Weighted average discount rate	5.10%	5.65%
Interest crediting rates/Pre-1994 RRA subsidy increase (for cash balance plan and other plans with promised interest crediting rates)	5.20%	5.45%

The following estimated future payments, which reflect expected future service, as appropriate, are expected to be paid for the pension and postretirement plans:

	Amount
	(In Millions)
Years Ending December 31:
2025	$7
2026	7
2027	8
2028	9
2029	9
2030 through 2034	44

POSTRETIREMENT BENEFIT PLAN

The Company provides a postretirement defined benefit health care reimbursement plan (the Plan) that provides benefits for eligible retirees and their dependents. As of December 31, 2024 and 2023, the benefit obligation and total liability recognized were $4 million and $3 million, respectively. The accrued benefit costs were $5 million and $5 million and the liability (asset) for pension benefits was $(1) million and $(2) million as of December 31, 2024 and 2023, respectively. The fair value of the plan assets as of December 31, 2024 and 2023 was zero. The Company reserves the right to modify or terminate the Plan at any time. As in the past, the general policy is to fund these benefits on a pay-as-you-go basis.

RETIREMENT INCENTIVE SAVINGS PLAN

The Company provides a Retirement Incentive Savings Plan (RISP) covering all eligible employees. The Company’s RISP matches 100% of each employee’s contribution, up to a maximum of 5% of eligible employee compensation. The Company’s match plus other contributions made by the Company to the RISP amounted to $58 million, $51 million and $47 million for the years ended December 31, 2024, 2023 and 2022, respectively.

OTHER PLANS

The Company has deferred compensation plans that permit eligible employees to defer portions of their compensation and earn interest on the deferred amounts. The interest rate is determined quarterly. The compensation that has been deferred has been accrued and the primary expense related to this plan, other than compensation, is interest on the deferred amounts. As of December 31, 2024 and 2023, the deferred amounts were $175 million and $166 million, respectively. The plan was credited $13 million, $11 million and $9 million for the years ended December 31, 2024, 2023 and 2022, respectively.

11.

RESERVES FOR LIFE CONTRACTS AND ANNUITY CONTRACTS AND CHANGE IN INCURRED LOSSES AND LOSS ADJUSTMENT EXPENSES

For whole life and term life policies with flat extra premium, the reserve consists of the regular standard reserve plus 50% of such extra premium. For whole life policies with a substandard rating, the reserve consists of the regular standard reserve plus an extra reserve based on an appropriate multiple of the valuation mortality table. For other policies with a substandard rating or flat extra, mean reserves are based on an appropriate multiple of or addition to the valuation mortality table.

As of December 31, 2024 and 2023, the Company had $12.0 billion and $15.6 billion, respectively, of insurance in force for which gross premiums are less than the net premiums according to the valuation standard set by the State of Nebraska.

For traditional policies, tabular interest, tabular less actual reserve released, and tabular cost have been determined by formula as described by the NAIC instructions. For non-traditional universal life type policies, the tabular interest and tabular cost are based on the actual interest credited to and monthly deductions from the policies. For some deferred annuity policies and some immediate payout policies, tabular interest was calculated using basic data.

The tabular interest on deposit funds not involving life contingencies has been determined from actual interest credited to deposits.

The components for other reserve changes, which include the changes in separate account fair value, surrender or alternative comparison values, partial withdrawals, changes in deficiency reserves, changes in CRVM expense allowances, changes in additional actuarial reserves for AGXXXVIII, and impact of valuation system conversion, are as follows:

	December 31,
	2024	2023
	(In Millions)
Ordinary
Life insurance	$111	$426
Individual annuities	(4)	10
Supplementary contracts
Group
Life insurance
Annuities	(25)	98
Total	$82	$534

As of December 31, 2024 and 2023, there were $21 million and $14 million, respectively, in aggregate reserves for accident and health contracts. There were no significant changes in methodology or assumptions of the reserves during the years ended December 31, 2024 and 2023.

12.

ANALYSIS OF ANNUITY ACTUARIAL RESERVES AND DEPOSIT-TYPE CONTRACT LIABILITIES BY WITHDRAWAL CHARACTERISTICS

The tables below describe withdrawal characteristics of individual annuities, group annuities and deposit-type contracts:

Individual Annuities:	December 31, 2024
	General	Separate Account		% of
	Account	Nonguaranteed	Total	Total
	($ In Millions)
Subject to discretionary withdrawal:
With market value adjustment	$16,182		$16,182	19%
At book value less current surrender charge of 5% or more ⁽¹⁾	7,795		7,795	9%
At fair value		$48,788	48,788	56%
Total with market value adjustment or at fair value	23,977	48,788	72,765	84%
At book value without adjustment	7,493		7,493	8%
Not subject to discretionary withdrawal	6,886	2	6,888	8%
Total (gross: direct + assumed)	38,356	48,790	87,146	100%
Reinsurance ceded	1,663		1,663
Total (net)	$36,693	$48,790	$85,483

Amount included at book value less current surrender charge of 5% or more that will move to at book value without adjustment for the first time within the year after the statement date:	$2,616		$2,616

⁽¹⁾ Withdrawal characteristic categories were evaluated using effective surrender charge rates, where applicable.

Group Annuities:	December 31, 2024
	General	Separate Account		% of
	Account	With Guarantees	Total	Total
	($ In Millions)
Subject to discretionary withdrawal:
With market value adjustment
Not subject to discretionary withdrawal	$7,003	$8,654	$15,657	100%
Total (gross: direct + assumed)	7,003	8,654	15,657	100%
Reinsurance ceded	1,026		1,026
Total (net)	$5,977	$8,654	$14,631

Deposit-type Contracts:	December 31, 2024
	General	Separate Account		% of
	Account	Nonguaranteed	Total	Total
	($ In Millions)
Subject to discretionary withdrawal:
With market value adjustment	$180		$180	1%
At fair value		$8	8
Total with market value adjustment or at fair value	180	8	188	1%
At book value without adjustment	4,304		4,304	15%
Not subject to discretionary withdrawal	24,313		24,313	84%
Total (gross: direct + assumed)	28,797	8	28,805	100%
Reinsurance ceded
Total (net)	$28,797	$8	$28,805

Total Individual and Group Annuities and Deposit-type Contracts:	December 31, 2024
	General	Separate Account	Separate Account		% of
	Account	With Guarantees	Nonguaranteed	Total	Total
	($ In Millions)
Subject to discretionary withdrawal:
With market value adjustment	$16,362			$16,362	12%
At book value less current surrender charge of 5% or more ⁽¹⁾	7,795			7,795	6%
At fair value			$48,796	48,796	37%
Total with market value adjustment or at fair value	24,157		48,796	72,953	55%
At book value without adjustment	11,797			11,797	9%
Not subject to discretionary withdrawal	38,202	$8,654	2	46,858	36%
Total (gross: direct + assumed)	74,156	8,654	48,798	131,608	100%
Reinsurance ceded	2,689			2,689
Total (net)	$71,467	$8,654	$48,798	$128,919

Total Individual and Group Annuities and Deposit-type Contracts:	December 31, 2023
	General	Separate Account	Separate Account		% of
	Account	With Guarantees	Nonguaranteed	Total	Total
	($ In Millions)
Subject to discretionary withdrawal:
With market value adjustment	$17,543			$17,543	14%
At book value less current surrender charge of 5% or more ⁽¹⁾	2,092			2,092	2%
At fair value			$46,801	46,801	39%
Total with market value adjustment or at fair value	19,635		46,801	66,436	55%
At book value without adjustment	14,220			14,220	12%
Not subject to discretionary withdrawal	32,803	$6,432	2	39,237	33%
Total (gross: direct + assumed)	66,658	6,432	46,803	119,893	100%
Reinsurance ceded	1,766			1,766
Total (net)	$64,892	$6,432	$46,803	$118,127

⁽¹⁾ Withdrawal characteristic categories were evaluated using effective surrender charge rates, where applicable.

The following information is obtained from the applicable exhibit in the Company's Annual Statement and related Separate Accounts Annual Statement, both of which are filed with the NE DOI, and are provided to reconcile annuity reserves and deposit-type contract funds and other liabilities without life or disability contingencies to amounts reported in the Annual Statement:

	December 31,
	2024	2023
	(In Millions)
Annual Statement:
Annuities	$42,664	$42,884
Supplementary contracts with life contingencies	6	3
Deposit-type contracts and funding agreements	28,797	22,005
Subtotal	71,467	64,892

Separate Accounts Annual Statement:
Annuities	57,444	53,229
Other contract deposit funds	8	6
Subtotal	57,452	53,235

Total	$128,919	$118,127

13.

ANALYSIS OF LIFE ACTUARIAL RESERVES BY WITHDRAWAL CHARACTERISTICS

The tables below describe withdrawal characteristics of life actuarial reserves:

	December 31, 2024
	General Account			Separate Account - Nonguaranteed
	Account	Cash		Account	Cash
	Value	Value	Reserve	Value	Value	Reserve
	(In Millions)
Subject to discretionary withdrawal, surrender values, or contract loans:
Universal life	$2,565	$3,025	$3,069
Universal life with secondary guarantees	5,500	5,449	8,634
Indexed universal life	184	138	150
Indexed universal life with secondary guarantees	18,504	16,547	18,308
Other permanent cash value life insurance	9,208	10,006	10,319
Variable universal life	3,649	3,609	3,795	$14,268	$14,053	$14,045
Miscellaneous reserves			1

Not subject to discretionary withdrawal or no cash values:
Term policies without cash value			1,475
Accidental death benefits
Disability - active lives ⁽¹⁾			32
Disability - disabled lives			20
Miscellaneous reserves			899
Total (direct + assumed)	39,610	38,774	46,702	14,268	14,053	14,045
Reinsurance ceded			16,357
Total (net)	$39,610	$38,774	$30,345	$14,268	$14,053	$14,045

	December 31, 2023
	General Account			Separate Account - Nonguaranteed
	Account	Cash		Account	Cash
	Value	Value	Reserve	Value	Value	Reserve
	(In Millions)
Subject to discretionary withdrawal, surrender values, or contract loans:
Universal life	$2,687	$3,160	$3,258
Universal life with secondary guarantees	5,567	5,524	8,586
Indexed universal life	128	86	108
Indexed universal life with secondary guarantees	16,244	14,715	16,015
Other permanent cash value life insurance	9,672	10,451	10,792
Variable universal life	3,666	3,630	3,796	$11,984	$11,817	$11,811
Miscellaneous reserves	1	1	2

Not subject to discretionary withdrawal or no cash values:
Term policies without cash value			1,282
Disability - active lives ⁽¹⁾			13
Disability - disabled lives			16
Miscellaneous reserves			867
Total (direct + assumed)	37,965	37,567	44,735	11,984	11,817	11,811
Reinsurance ceded			15,290
Total (net)	$37,965	$37,567	$29,445	$11,984	$11,817	$11,811

⁽¹⁾Certain disability - active lives were reported in the first section instead of the Disability - active lives row in the second section since they are subject to discretionary withdrawal.

The table below describes the total withdrawal characteristics of life actuarial reserves for life and accident and health in the Company's Annual Statement and related Separate Accounts Annual Statement:

	December 31,
	2024	2023
	(In Millions)
Annual Statement:
Life insurance section	$29,297	$28,357
Disability - active lives section	600	663
Disability - disabled lives section	16	11
Miscellaneous reserves section	432	414
Subtotal	30,345	29,445

Separate Accounts Annual Statement:
Life insurance section	14,045	11,811
Total	$44,390	$41,256

14.

PREMIUM AND ANNUITY CONSIDERATIONS DEFERRED AND UNCOLLECTED

Deferred and uncollected life insurance premiums and annuity considerations are as follows:

	December 31, 2024		December 31, 2023
		Net of		Net of
	Gross	Loading	Gross	Loading
	(In Millions)
Ordinary new business	($2)	($36)	$2	($27)
Ordinary renewal	95	87	110	107
Group annuity	54	54	51	51
Total	$147	$105	$163	$131

15.

ELECTRONIC DATA PROCESSING EQUIPMENT AND SOFTWARE

Electronic data processing (EDP) equipment and non-operating software are carried at cost less accumulated depreciation and amortization and are included in other assets. The net amount of all non-operating software is nonadmitted. Depreciation and amortization expense is computed using the straight-line method over the lesser of the estimated useful life or three years for EDP equipment and five years for non-operating software. Costs incurred for the development of internal use non-operating software are capitalized and amortized using the straight-line method over the lesser of the estimated useful life or five years. Depreciation and amortization expense related to EDP equipment and non-operating software amounted to $30 million, $25 million and $24 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Net admitted EDP equipment and non-operating software consist of the following:

	December 31,
	2024	2023
	(In Millions)
EDP equipment	$39	$37
Non-operating system software	367	348
Total	406	385
Accumulated depreciation and amortization	236	244
Net	170	141
Nonadmitted	164	131
Net admitted	$6	$10

16.

SEPARATE ACCOUNTS

The Company utilizes an insulated Separate Account to record and account for assets and liabilities related to variable annuities, variable universal life and group annuities. The liabilities consist of reserves established to meet withdrawal and future benefit payment contractual provisions. Investment risk associated with market value changes are generally borne by the contract holders, except to the extent of the minimum guarantees made by the Company with respect to certain Separate Accounts. In addition, the Company has a non-insulated Separate Account for registered index-linked annuities.

In accordance with the products recorded within the Separate Accounts, some assets are considered legally insulated whereas others are not legally insulated from the General Account. The legal insulation of the separate account assets prevents such assets from being generally available to satisfy claims resulting from the General Account.

As of December 31, 2024 and 2023, the Company’s Separate Accounts Annual Statement included legally insulated assets of $72.1 billion and $65.6 billion, respectively. The assets legally insulated and not legally insulated from the General Account as of December 31, 2024 are attributed to the following products:

	Legally Insulated	Not Legally Insulated
	(In Millions)
Variable annuities	$49,643
Variable universal life	14,396
Group annuities	8,075
Total	$72,114	$—

In accordance with the products recorded within the Separate Account, some separate account liabilities are guaranteed by the General Account. In accordance with guarantees provided, if the investment proceeds are insufficient to cover the rate of return guaranteed for the product, the policyholder proceeds will be remitted by the General Account.

To compensate the General Account for the risk taken, the Separate Account paid risk charges as follows for the years ended December 31, 2024, 2023, 2022, 2021 and 2020 of $347 million, $355 million, $352 million, $347 million and $300 million, respectively.

For the years ended December 31, 2024, 2023, 2022, 2021 and 2020, the General Account of the Company had paid $15 million, $31 million, $35 million, $10 million and $15 million, respectively, toward the Separate Account guarantees.

For the assets not measured at fair value, the following table shows the comparison of the amortized cost to the fair value and the unrealized gain (loss) that would have been recorded if the assets had been reported at fair value:

	December 31,
	2024	2023
	(In Millions)
Assets held at amortized cost	$8,075	$5,957
Fair value	7,566	5,526
Unrecorded unrealized gain (loss)	(509)	(431)

Information regarding the Separate Accounts of the Company is as follows:

	Separate Accounts with Guarantees				Separate Accounts with Guarantees
	Nonindexed Guarantee				Nonindexed Guarantee
	4% or Less	More than 4%	Without Guarantees	Total	4% or Less	More than 4%	Without Guarantees	Total
	Year Ended December 31, 2024				Year Ended December 31, 2023
	(In Millions)
Premiums, considerations or deposits		$2,375	$5,260	$7,635	($4)	$2,064	$3,827	$5,886

	December 31, 2024				December 31, 2023
Reserves for accounts with assets at:	(In Millions)
Fair value			$62,843	$62,843			$58,613	$58,613
Amortized cost	$3,009	$5,645		8,654	$3,204	$3,228		6,432
Total	$3,009	$5,645	$62,843	$71,497	$3,204	$3,228	$58,613	$65,045

Reserves by withdrawal characteristics:
Subject to discretionary withdrawal at fair value			$62,841	$62,841			$58,611	$58,611
Not subject to discretionary withdrawal	$3,009	$5,645	2	8,656	$3,204	$3,228	2	6,434
Total	$3,009	$5,645	$62,843	$71,497	$3,204	$3,228	$58,613	$65,045

	Years Ended December 31,
	2024	2023	2022
	(In Millions)
Transfers as reported in the summary of operations - statutory basis of the Separate Accounts Annual Statement:
Transfers to separate accounts	$7,632	$5,884	$5,507
Transfers from separate accounts	7,938	5,928	5,307
Net transfers from separate accounts	(306)	(44)	200
Reconciling adjustments:
Net lag gain (loss) for annuities in general account only	2	(1)	(1)

Transfers as reported in current and future policy benefits in the accompanying statements of operations - statutory basis	($304)	($45)	$199

17.

COMMITMENTS AND CONTINGENCIES

As of December 31, 2024, the Company had $3.1 billion and $8 million of outstanding mortgage loan commitments in the General Account and Separate Account, respectively, which were primarily advances available for construction loans. Construction loan advances are made during the term of the construction loan as the borrower meets certain loan advance requirements.

As of December 31, 2024, the Company had $5.8 billion of commitments to fund investments in SCA entities, joint ventures, partnerships or limited liability companies.

As of December 31, 2024, the Company had $1.5 billion and $25 million of outstanding contractual obligations to acquire private placement securities for the General Account and Separate Account, respectively.

The Company has an agreement with PL&A to lend up to $100 million at a variable interest rate. There was no amount outstanding as of December 31, 2024. The Company also has an intercompany uncommitted revolving credit facility with affiliates to lend or borrow funds. Under the agreement, the Company can lend or borrow up to 3% of the Company's admitted assets to certain affiliates as of the preceding December 31. The aggregate total borrowing of all outstanding loans is limited to $1.0 billion including any outstanding loans under other affiliate lending agreements. The amount outstanding under the facility was $200 million at an interest rate of 4.71% as of December 31, 2024 and zero as of December 31, 2023.

In connection with the operations of certain subsidiaries, Pacific Life has made commitments to provide for additional capital funding as may be required. In connection with the operations of PSD, the Company made capital contributions to PSD of zero, zero and $19 million for the years ended December 31, 2024, 2023 and 2022, respectively. In connection with the operations of PLFA, the Company and PL&A are obligated to contribute additional capital funding as may be required according to their respective membership percentages. There were no capital contributions to PLFA for the years ended December 31, 2024, 2023 and 2022.

The Company has operating leases for office space and equipment of its primary operating centers in Newport Beach, California, Omaha, Nebraska and for its various field offices, which in most, but not all cases, are noncancelable. Rental expense, which is included in operating expenses, in connection with these leases was $15 million, $12 million and $12 million for the years ended December 31, 2024, 2023 and 2022, respectively. Aggregate minimum future commitments are as follows:

	Amount
	(In Millions)
Year Ending December 31:
2025	$8
2026	7
2027	7
2028	5
2029 and thereafter	8
Total	$35

Certain rental commitments have renewal options extending through the year 2028. Some of these renewals are subject to adjustments in future periods.

The Company entered into agreements with Pacific Life Re (Australia) Pty Limited (PLRA), RIBM and RGBM, all such entities being wholly-owned indirect subsidiaries of Pacific LifeCorp, to guarantee the performance of reinsurance obligations of PLRA, RIBM and RGBM, respectively. The guarantees for PLRA and RIBM are secondary to the guarantees provided by Pacific LifeCorp and would only be triggered in the event of nonperformance by PLRA or RIBM and Pacific LifeCorp. PLRA, RIBM and RGBM each pay the Company a fee for their respective guarantees. Management believes that obligations, if any, related to the guarantee agreements are not likely to have a material adverse effect on the Company's financial statements - statutory basis.

CONTINGENCIES - LITIGATION

The Company is a respondent in a number of legal proceedings, some of which involve allegations for extra-contractual damages. Although the Company is confident of its position in these matters, success is not a certainty and a judge or jury could rule against the Company. In the opinion of management, the outcome of such proceedings is not likely to have a material adverse effect on the Company's financial statements - statutory basis. The Company believes adequate provision has been made in its financial statements - statutory basis for all probable and reasonably estimable losses for litigation claims against the Company, if any.

CONTINGENCIES - IRS REVENUE RULING

In 2007, the IRS issued Rev. Rul. 2007-54, interpreting then-current tax law regarding the computation of the dividend received deduction (DRD). Later in 2007, the IRS issued Rev. Rul. 2007-61, suspending Rev. Rul. 2007-54 and indicating that the IRS would re-address this issue in a future regulation project. In 2014, the IRS issued Rev. Rul. 2014-7, stating that it would not address this issue through regulation, but instead would defer to legislative action. Rev. Rul. 2014-7 also expressly superseded Rev. Rul. 2007-54, and declared Rev. Rul. 2007-61 obsolete. With the enactment the Act on December 22, 2017, DRD computations have been modified effective January 1, 2018. Therefore, the Company does not expect that any of the rulings described above will affect DRD computations in the future. However, in open tax years before 2018, the Company could still lose a substantial portion of its DRD claims, which could in turn have a material adverse effect on the Company's financial statements - statutory basis.

CONTINGENCIES - OTHER

In the course of its business, the Company provides certain indemnifications related to dispositions, acquisitions, investments, lease agreements or other transactions that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company. These obligations are typically subject to time limitations that vary in duration, including contractual limitations and those that arise by operation of law, such as applicable statutes of limitation. Because the amounts of these types of indemnifications often are not explicitly stated, the overall maximum amount of the obligation under such indemnifications cannot be reasonably estimated. The Company has not historically made material payments for these types of indemnifications. The estimated maximum potential amount of future payments under these obligations is not determinable due to the lack of a stated maximum liability for certain matters, and therefore, the Company may record a contingent reserve for such matters. Management believes that Company liabilities related to such matters are not likely to have a material adverse effect on the Company's financial statements - statutory basis.

The Company issues synthetic guaranteed interest contracts to Employee Retirement Income Security Act of 1974 (ERISA) qualified defined contribution employee benefit plans and 529 plans. The plan uses the contract in its stable value fixed income option. The Company receives a fee for providing book value accounting for the plan’s stable value fixed income option. In the event that plan participant elections exceed the fair value of the assets or if the contract is terminated and at the end of the termination period the book value under the contract exceeds the fair value of the assets, then the Company is required to pay the plan the difference between book value and fair value. The Company mitigates the investment risk through pre-approval and compliance monitoring of the investment guidelines, and contractual provisions including the credited rate reset formula that reflects the actual investment and cash flow experience of the underlying plan.

The Company is required by law to participate in the guaranty associations of the various states in which it is licensed to do business. The state guaranty associations ensure payments of guaranteed benefits, with certain restrictions, to policyholders of impaired or insolvent insurance companies by assessing all other companies operating in similar lines of business. The Company has not received notification of any insolvency that is expected to result in a material guaranty fund assessment.

The Company has a liability for estimated guaranty fund assessments and a related premium tax asset. As of December 31, 2024 and 2023, the estimated liability was $9 million and $4 million, respectively. As of December 31, 2024 and 2023, the related premium tax asset was $36 million and $3 million, respectively. These amounts represent management’s best estimate based on information received from the state in which the Company writes business and may change due to many factors including the Company’s share of the ultimate cost of current insolvencies. Future guaranty fund assessments are expected to be paid based on anticipated funding periods for each guaranty association obligation. Premium tax offsets are expected to be realized based on regulations set forth by various state taxing authorities.

See Note 5 for discussion of other contingencies related to derivative instruments.

See Note 6 for discussion of other contingencies related to income taxes.

See Note 9 for discussion of other contingencies related to reinsurance.

Pacific Life Insurance Company

S U P P L E M E N T A L  S C H E D U L E  O F  S E L E C T E D  F I N A N C I A L  D A T A

A S  O F  A N D  F O R  T H E  Y E A R  E N D E D  D E C E M B E R  3 1 , 2 0 2 4

(In Millions)

Investment Income Earned
U.S. Government bonds	$6
Bonds exempt from U.S. tax
Other bonds (unaffiliated)	3,820
Bonds of affiliates
Preferred stocks (unaffiliated)
Preferred stocks of affiliates
Common stocks (unaffiliated)	11
Common stocks of affiliates
Mortgage loans	927
Real estate	23
Contract loans	366
Cash, cash equivalents and short-term investments	141
Derivative instruments	(1,370)
Other invested assets	398
Aggregate write-ins for investment income	(81)
Gross Investment Income	$4,241

Real Estate Owned - Book Value less Encumbrances	$70

Mortgage Loans - Book Value:
Farm mortgages	$945
Residential mortgages	851
Commercial mortgages	17,693
Mezzanine	107
Total Mortgage Loans	$19,596

Mortgage Loans By Standing - Book Value:
Good standing	$19,554
Good standing with restructured terms
Interest overdue more than 90 days, not in foreclosure	$6
Foreclosure in process	$36

Other Long-Term Assets - Statement Value	$12,596
Bonds and Stocks of Parents, Subsidiaries and Affiliates - Book Value:
Bonds
Preferred stocks
Common stocks	$905

Bonds and Short-Term Investments by NAIC Designation and Maturity:
Bonds by Maturity - Statement Value:
Due within one year or less	$6,876
Over 1 year through 5 years	28,554
Over 5 years through 10 years	22,177
Over 10 years through 20 years	11,353
Over 20 years	13,317
No maturity date
Total by Maturity	$82,277

Bonds by NAIC Designation - Statement Value:
NAIC 1	$38,205
NAIC 2	39,563
NAIC 3	3,528
NAIC 4	766
NAIC 5	138
NAIC 6	77
Total by NAIC Designation	$82,277

Total Bonds Publicly Traded	$33,963
Total Bonds Privately Traded	$48,314
Preferred Stocks - Book/Adjusted Carrying Value	$1
Common Stocks - Fair Value	$1,033
Short-term Investments - Book/Adjusted Carrying Value	$20
Options, Caps & Floors Owned - Statement Value	$2,789
Options, Caps & Floors Written and In Force - Statement Value
Collar, Swap & Forward Agreements Open - Statement Value	($625)
Futures Contracts Open - Current Value	$95
Cash Equivalents	$1,499
Cash on Deposit	$1,345

Life Insurance In Force, Net of Reinsurance:
Industrial
Ordinary	$284,396
Credit Life
Group Life	$7

Amount of Accidental Death Insurance In Force Under Ordinary Policies	$40

Life Insurance Policies with Disability Provisions In Force:
Industrial
Ordinary	$17,583
Credit Life
Group Life

Supplementary Contracts In Force:
Ordinary - Not Involving Life Contingencies
Amount on Deposit	$16
Income Payable	$1
Ordinary - Involving Life Contingencies
Income Payable	$1
Group - Not Involving Life Contingencies
Amount on Deposit
Income Payable
Group - Involving Life Contingencies
Income Payable

Annuities:
Ordinary
Immediate - Amount of Income Payable	$1,059
Deferred - Fully Paid Account Balance	$28,730
Deferred - Not Fully Paid - Account Balance	$48

Group
Amount of Income Payable	$1,231
Fully Paid Account Balance
Not Fully Paid - Account Balance

Accident and Health Insurance - Premiums In Force:
Other	$1
Group
Credit

Deposit Funds and Dividend Accumulations:
Deposit Funds - Account Balance	$28,759
Dividend Accumulations - Account Balance	$22

Claim Payments 2024:
Group Accident and Health - Year Ended December 31, 2024
2024
2023
2022
2021
2020
Prior

Other Accident and Health
2024	$9
2023
2022
2021
2020
Prior

Other Coverages that Use Developmental Methods to Calculate Claim Reserves:
2024
2023
2022
2021
2020
Prior

Pacific Life Insurance Company

S U P P L E M E N T A L  S U M M A R Y  I N V E S T M E N T  S C H E D U L E

D E C E M B E R  3 1 , 2 0 2 4

($ In Millions)

	Gross Investment Holdings *		Admitted Assets as Reported in the Annual Statement
				Securities
				Lending
				Reinvested
				Collateral
	Amount	Percentage	Amount	Amount	Total	Percentage
Long-term bonds:
U.S. Governments	$876	0.659%	$876		$876	0.660%
All other governments	943	0.709%	943		943	0.711%
U.S. states, territories, and possessions, etc., guaranteed	102	0.077%	102		102	0.077%
U.S. political subdivisions of states, territories, and possessions, guaranteed	186	0.140%	186		186	0.140%
U.S. special revenue and special assessment obligations, etc., non-guaranteed	2,860	2.151%	2,860		2,860	2.156%
Industrial and miscellaneous	75,308	56.649%	75,308		75,308	56.782%
Hybrid securities	25	0.019%	25		25	0.019%
Unaffiliated bank loans	1,951	1.468%	1,951		1,951	1.471%
Total long-term bonds	82,251	61.872%	82,251	—	82,251	62.016%

Preferred stocks:
Industrial and miscellaneous (unaffiliated)	1	0.001%	1		1	0.001%
Total preferred stocks	1	0.001%	1	—	1	0.001%

Common stocks:
Industrial and miscellaneous other (unaffiliated)	79	0.060%	79		79	0.060%
Parent, subsidiaries and affiliates publicly traded	27	0.021%	27		27	0.021%
Parent, subsidiaries and affiliates other	878	0.660%	600		600	0.451%
Mutual funds	49	0.036%	49		49	0.036%
Total common stocks	1,033	0.777%	755	—	755	0.568%

(Continued)

*Gross Investment Holdings as valued in compliance with NAIC Accounting Practices and Procedures Manual.

	Gross Investment Holdings*		Admitted Assets as Reported in the Annual Statement
				Securities
				Lending
				Reinvested
				Collateral
	Amount	Percentage	Amount	Amount	Total	Percentage
Mortgage loans:
Farm mortgages	$945	0.712%	$945		$945	0.712%
Residential mortgages	851	0.640%	851		851	0.642%
Commercial mortgages	17,693	13.309%	17,693		17,693	13.340%
Mezzanine real estate loans	107	0.080%	107		107	0.081%
Total mortgage loans	19,596	14.741%	19,596	—	19,596	14.775%

Real estate:
Properties occupied by company	70	0.052%	70		70	0.053%
Total real estate	70	0.052%	70	—	70	0.053%

Cash, cash equivalents, and short-term investments:
Cash	1,345	1.012%	1,345	$15	1,360	1.025%
Cash equivalents	1,499	1.127%	1,499	1,778	3,277	2.471%
Short-term investments	20	0.015%	20		20	0.015%
Total cash, cash equivalents, and short-term investments	2,864	2.154%	2,864	1,793	4,657	3.511%

Contract loans	8,527	6.414%	8,527		8,527	6.429%
Derivatives	3,209	2.414%	3,209		3,209	2.420%
Receivables for securities **	181	0.136%	181		181	0.137%
Securities lending	1,793	1.349%	1,793
Other invested assets	13,414	10.090%	13,382		13,382	10.090%
Total invested assets	$132,939	100.000%	$132,629	$1,793	$132,629	100.000%

*Gross Investment Holdings as valued in compliance with NAIC Accounting Practices and Procedures Manual.

**Included in Other invested assets in the Annual Statement.

Pacific Life Insurance Company

S U P P L E M E N T A L  S C H E D U L E  O F  I N V E S T M E N T  R I S K  I N T E R R O G A T O R I E S

D E C E M B E R  3 1 , 2 0 2 4

The Company's total admitted assets, excluding separate accounts, as reported in the Statements of Admitted Assets, Liabilities and Capital and Surplus (Total Admitted Assets) were $137.1 billion as of December 31, 2024.

The 10 largest exposures to a single issuer/borrower/investment are as follows:

		Percentage
		of Total
	(In Millions)	Admitted Assets
Commercial loan (Mortgage Loan)	$604	0.4%
Pacific Life & Annuity Company (Common Stock) (Subsidiary)	600	0.4%
Commercial loan (Mortgage Loan)	584	0.4%
Commercial loan (Mortgage Loan)	550	0.4%
Commercial loan (Mortgage Loan)	541	0.4%
Commercial loan (Mortgage Loan)	483	0.4%
Commercial loan (Mortgage Loan)	456	0.3%
Commercial loan (Mortgage Loan)	440	0.3%
Commercial loan (Mortgage Loan)	414	0.3%
Commercial loan (Mortgage Loan)	407	0.3%

The amounts and percentages of Total Admitted Assets held in bonds and preferred stocks by NAIC designation are as follows:

		Percentage			Percentage
		of Total			of Total
	(In Millions)	Admitted Assets		(In Millions)	Admitted Assets
Bonds:			Preferred Stock:
NAIC 1	$38,205	27.9%	NAIC 1
NAIC 2	39,563	28.9%	NAIC 2
NAIC 3	3,528	2.6%	NAIC 3
NAIC 4	766	0.6%	NAIC 4
NAIC 5	138	0.1%	NAIC 5
NAIC 6	77	0.1%	NAIC 6	$1	0.0%

Assets held in foreign investments totaled $23.4 billion, which represents 17.1% of Total Admitted Assets.

The aggregate foreign investment exposure categorized by NAIC sovereign designation is as follows:

		Percentage
		of Total
	(In Millions)	Admitted Assets
Countries designated NAIC 1	$11,306	8.2%
Countries designated NAIC 2	10,723	7.8%
Countries designated NAIC 3 or below	1,376	1.0%

The largest foreign investment exposures by country, categorized by the country's NAIC sovereign designation are as follows:

		Percentage
		of Total
	(In Millions)	Admitted Assets
Countries designated NAIC 1
Country: Cayman Islands	$6,407	4.7%
Country: United Kingdom (Great Britain)	3,823	2.8%
Countries designated NAIC 2
Country: Mexico	648	0.5%
Country: India	288	0.2%
Countries designated NAIC 3 or below
Country: Colombia	268	0.2%
Country: Brazil	143	0.1%

The aggregate unhedged foreign currency exposure totaled $239 million, which represents 0.2% of Total Admitted Assets.

The aggregate unhedged foreign currency exposure categorized by NAIC sovereign designation is as follows:

		Percentage
		of Total
	(In Millions)	Admitted Assets
Countries designated NAIC 1	$239	0.2%

The largest unhedged foreign currency exposures by country, categorized by the country's NAIC sovereign designation are as follows:

		Percentage
		of Total
	(In Millions)	Admitted Assets
Countries designated NAIC 1
Country: Switzerland	$98	0.1%
Country: United Kingdom (Great Britain)	66	0.0%

The 10 largest non-sovereign (i.e., non-governmental) foreign issues are as follows:

			Percentage
			of Total
NAIC Designation	Issuer	(In Millions)	Admitted Assets
1.G FE/2.A FE	BNP Paribas	$310	0.2%
1.G FE/2.C FE	UBS Group AG	228	0.2%
2.A FE	Barclays Bank PLC	224	0.2%
1.G FE/2.C FE	Anheuser-Busch Companies Inc	210	0.2%
1.G FE/2.A FE/2.C FE	Credit Agricole SA/London	209	0.2%
2.B FE/2.C FE	Societe Generale SA	206	0.2%
1.E FE/2.A FE/2.B FE	Groupe BPCE	199	0.1%
1.E FE/1.G FE/2.A FE	Lloyds TSB Bank Group PLC	184	0.1%
2.B PL	GIP Sharon Finco Pty Ltd	180	0.1%
1.G FE/2.A FE	HSBC Bank USA NA	178	0.1%

The amount and percentage of Total Admitted Assets held in Canadian investments and unhedged Canadian currency exposure are less than 2.5% of Total Admitted Assets.

The aggregate amount and percentage of Total Admitted Assets held in investments with contractual sales restrictions are less than 2.5% of Total Admitted Assets.

The amounts and percentages of Total Admitted Assets held in the largest 10 equity interests are as follows:

		Percentage
		of Total
Issuer	(In Millions)	Admitted Assets
Pacific Asset Holdings, LLC	$6,156	4.5%
Pacific Life & Annuity Co	600	0.4%
Pacific Private Equity Opportunities Fund III, L.P.	436	0.3%
Pacific Private Equity Opportunities Fund IV, L.P.	424	0.3%
Pacific Private Equity Opportunities Fund V, L.P.	303	0.2%
Pacific Private Equity Fund II-A L.P.	299	0.2%
Pacific Private Credit Fund V, L.P.	177	0.1%
Pacific Co-Invest Opportunities Fund II L.P.	175	0.1%
Pacific Private Credit Fund IV, L.P.	162	0.1%
Pacific Private Credit Fund III, L.P.	121	0.1%

Assets held in nonaffiliated, privately placed equities are less than 2.5% of Total Admitted Assets.

The 10 largest fund managers are as follows:

	Total
Fund Manager	Invested	Diversified
	(In Millions)
Aristotle	$271	$271
Avanath AH Renaissance GP LLC	139	139
Strategic Partners	108	108
Carbon VII GP LLC	106	106
Manulife Investment Management	105	105
Montana Capital Partners AG	78	78
Brookfield RE Finance Fund VI GP	76	76
Churchill Stateside	75	75
CRSEF Lux GP. S.A.R.L.	69	69
Astorg Asset Management, S.A R.L.	68	68

Assets held in general partnership interests are less than 2.5% of Total Admitted Assets.

The amounts and percentages of Total Admitted Assets held in mortgage loans are as follows:

The 10 largest aggregate mortgage interests sharing the same property or group of properties are as follows:

		Percentage
		of Total
Type (Residential, Commercial, Agricultural)	(In Millions)	Admitted Assets
Commercial loan	$550	0.4%
Commercial loan	456	0.3%
Commercial loan	407	0.3%
Commercial loan	375	0.3%
Commercial loan	360	0.3%
Commercial loan	345	0.3%
Commercial loan	335	0.2%
Commercial loan	333	0.2%
Commercial loan	333	0.2%
Commercial loan	290	0.2%

10.

The amounts and percentages of Total Admitted Assets held in the following categories of mortgage loans are as follows:

		Percentage
		of Total
	(In Millions)	Admitted Assets
Construction loans	$3,567	2.6%
Mortgage loans over 90 days past due	6	0.0%
Mortgage loans in the process of foreclosure	36	0.0%
Mortgage loans foreclosed	245	0.2%

11.

The aggregate mortgage loans having the following loan-to-value ratios as determined from the most current appraisals as of December 31, 2024 are as follows:

		Percentage		Percentage		Percentage
		of Total		of Total		of Total
	(In Millions)	Admitted Assets	(In Millions)	Admitted Assets	(In Millions)	Admitted Assets
	Residential:		Commercial:		Agricultural:
Above 95%	$294	0.2%	$34	0.0%
91% to 95%	67	0.0%
81% to 90%	102	0.1%
71% to 80%	74	0.1%	444	0.3%
Below 70%	314	0.2%	17,322	12.6%	$945	0.7%

12.

Assets held in real estate are less than 2.5% of Total Admitted Assets.

13.

Assets held in investments held in mezzanine real estate loans are less than 2.5% of Total Admitted Assets.

14.

The amounts and percentages of Total Admitted Assets subject to the following types of agreements are as follows:

		Percentage
	December 31,	of Total	As of Each Quarter End
	2024	Admitted Assets	1st Quarter	2nd Quarter	3rd Quarter
	($ In Millions)
Securities lending agreements	$1,793	1.3%	$3,595	$2,180	$68

15.

The amounts and percentages of Total Admitted Assets for warrants not attached to other financial instruments, options, caps, and floors are as follows:

		Percentage		Percentage
	December 31,	of Total	December 31,	of Total
	2024	Admitted Assets	2024	Admitted Assets
	($ In Millions)
	Owned:		Written:
Hedging	$2,789	2.0%

16.

The amounts and percentages of Total Admitted Assets of potential exposure for collars, swaps, and forwards are as follows:

		Percentage
	December 31,	of Total	As of Each Quarter End
	2024	Admitted Assets	1st Quarter	2nd Quarter	3rd Quarter
	($ In Millions)
Hedging	$369	0.3%	$378	$387	$391

17.

The amounts and percentages of Total Admitted Assets of potential exposure for futures contracts are as follows:

		Percentage
	December 31,	of Total	As of Each Quarter End
	2024	Admitted Assets	1st Quarter	2nd Quarter	3rd Quarter
	($ In Millions)
Hedging	$95	0.1%	$96	$138	$116

Pacific Life Insurance Company

S U P P L E M E N T A L  S C H E D U L E  O F  R E I N S U R A N C E  D I S C L O S U R E S

D E C E M B E R  3 1 , 2 0 2 4

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

The Company has not reinsured any risk with any other entity under a reinsurance contract (or multiple contracts with the same reinsurer or its affiliates) that is subject to Appendix A-791, Life and Health Reinsurance Agreements, that includes a provision that limits the reinsurer's assumption of significant risks identified in Appendix A-791.

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

The Company does not have any reinsurance contracts (other than reinsurance contracts with a federal or state facility) that contain one or more of the following features which may result in delays in payment in form or in fact:

Provisions that permit the reporting of losses, or settlements to be made, less frequently than quarterly;

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

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

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

The Company has not ceded any risk, which is not subject to Appendix A-791 and not yearly renewable term reinsurance, under any reinsurance contract (or multiple contracts with the same reinsurer or its affiliates) during the year ended December 31, 2024 and are accounted for the contract as reinsurance under SAP and as a deposit under GAAP.

The Company has not ceded any risk, which is not subject to Appendix A-791 and not yearly renewable term reinsurance, under any reinsurance contract (or multiple contracts with the same reinsurer or its affiliates) during the year ended December 31, 2024 and accounted for the contract as reinsurance under GAAP and as a deposit under SAP.

SEPARATE ACCOUNT A

INVESTMENTS

DECEMBER 31, 2024

Each variable account invests in shares of the corresponding portfolio (with the same name). The shares owned and value of investments as of December 31, 2024; and the cost of purchases and proceeds from sales of investments for the year or period ended December 31, 2024, were as follows: