Financial Statements by Insurance Company (Form N-VPFS)

First Variable Annuity Fund E

Financial Statements

Year Ended December 31, 2025

(With Report of Independent Registered Public Accounting Firm Thereon)

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Protective Life Insurance Company and Contract Owners of First Variable Annuity Fund E:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in the Appendix that comprise First Variable Annuity Fund E (the Separate Account), as of December 31, 2025, the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Separate Account as of December 31, 2025, the results of its operations for the year then ended, and the changes in its net assets for each of the years in the two-year period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the underlying mutual funds or their transfer agents; when replies were not received, we performed other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more Protective Life Insurance Company Separate Accounts since 2019.

Birmingham, Alabama
April 16, 2026

Appendix

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and statements of changes in net assets for each of the years in the two-year period then ended.

Columbia VP Select Small Cap Value Fund, Class 2

Columbia VP Seligman Global Technology Fund, Class 2

DWS Equity 500 Index VIP, Class A

DWS Small Cap Index VIP, Class A

Federated Hermes Fund for U.S. Government Securities II

Federated Hermes Government Money Fund II, Service Shares

Federated Hermes High Income Bond Fund II, Primary Shares

Fidelity VIP Contrafund Portfolio, Service Class 2

Fidelity VIP Equity-Income Portfolio, Service Class 2

Fidelity VIP Growth & Income Portfolio, Service Class 2

Fidelity VIP Growth Opportunities Portfolio, Service Class 2

Franklin Small-Mid Cap Growth VIP Fund, Class 2

Invesco V.I. American Franchise Fund, Series I

Invesco V.I. Discovery Mid Cap Growth Fund, Series I

Invesco V.I. Diversified Dividend Fund, Series I

Invesco V.I. Global Real Estate Fund, Series I

Invesco V.I. Health Care Fund, Series I

Lord Abbett Series Fund Growth and Income Portfolio, Class VC

LVIP American Century Disciplined Core Value Fund, Standard Class II

LVIP American Century International Fund, Standard Class II

LVIP American Century Ultra Fund, Standard Class II

LVIP American Century Value Fund, Standard Class II

MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class

MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class

MFS VIT Investors Trust Series, Initial Class

MFS VIT Investors Trust Series, Service Class

MFS VIT New Discovery Series, Initial Class

MFS VIT New Discovery Series, Service Class

MFS VIT Total Return Series, Service Class

MFS VIT Utilities Series, Service Class

Templeton Developing Markets VIP Fund, Class 2

Templeton Foreign VIP Fund, Class 2

Templeton Growth VIP Fund, Class 2

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

		SUBACCOUNTS
		Columbia VP Select Small Cap Value Fund, Class 2				Columbia VP Seligman Global Technology Fund, Class 2				DWS Equity 500 Index VIP, Class A				DWS Small Cap Index VIP, Class A				Federated Hermes Fund for U.S. Government Securities II				Federated Hermes Government Money Fund II, Service Shares				Federated Hermes High Income Bond Fund II, Primary Shares
ASSETS:
Investments at fair value (1)		$	57,516			$	194,258			$	179,351			$	45,566			$	109,391			$	108,666			$	307,089
Receivable from the Contracts			-				-				-				14				-				-				-
Receivable from the fund manager			2				136				76				-				4				4				11
Total assets			57,518				194,394				179,427				45,580				109,395				108,670				307,100
LIABILITIES:
Payable to the Contracts			2				136				76				-				4				4				11
Payable to the fund manager			-				-				-				14				-				-				-
Payable to the Company			2				6				6				2				4				4				10
Total liabilities			4				142				82				16				8				8				21
NET ASSETS		$	57,514			$	194,252			$	179,345			$	45,564			$	109,387			$	108,662			$	307,079
ANALYSIS OF NET ASSETS
Accumulation period		$	57,514			$	194,252			$	179,345			$	45,564			$	109,387			$	108,662			$	307,079
Total net assets		$	57,514			$	194,252			$	179,345			$	45,564			$	109,387			$	108,662			$	307,079
Fair value per share (NAV)		$	40.33			$	33.97			$	32.55			$	15.02			$	9.31			$	1.00			$	5.78
Shares outstanding in the Separate Account			1,426				5,719				5,510				3,034				11,750				108,666				53,130
(1) Investments in mutual fund shares, at cost		$	18,011			$	123,793			$	103,012			$	39,613			$	127,766			$	108,666			$	334,885

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

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

		SUBACCOUNTS
		Fidelity VIP Contrafund Portfolio, Service Class 2				Fidelity VIP Equity-Income Portfolio, Service Class 2				Fidelity VIP Growth & Income Portfolio, Service Class 2				Fidelity VIP Growth Opportunities Portfolio, Service Class 2				Franklin Small-Mid Cap Growth VIP Fund, Class 2				Invesco V.I. American Franchise Fund, Series I				Invesco V.I. Discovery Mid Cap Growth Fund, Series I
ASSETS:
Investments at fair value (1)		$	1,392,613			$	156,590			$	1,943,190			$	91,202			$	79,934			$	333,619			$	40,467
Receivable from the Contracts			-				-				-				-				-				135				-
Receivable from the fund manager			197				6				71				81				3				-				2
Total assets			1,392,810				156,596				1,943,261				91,283				79,937				333,754				40,469
LIABILITIES:
Payable to the Contracts			197				6				71				81				3				-				2
Payable to the fund manager			-				-				-				-				-				135				-
Payable to the Company			46				5				64				3				3				11				1
Total liabilities			243				11				135				84				6				146				3
NET ASSETS		$	1,392,567			$	156,585			$	1,943,126			$	91,199			$	79,931			$	333,608			$	40,466
ANALYSIS OF NET ASSETS
Accumulation period		$	1,392,567			$	156,585			$	1,943,126			$	91,199			$	79,931			$	333,608			$	40,466
Total net assets		$	1,392,567			$	156,585			$	1,943,126			$	91,199			$	79,931			$	333,608			$	40,466
Fair value per share (NAV)		$	56.86			$	28.13			$	31.99			$	96.40			$	14.31			$	81.00			$	75.21
Shares outstanding in the Separate Account			24,492				5,567				60,744				946				5,586				4,119				538
(1) Investments in mutual fund shares, at cost		$	1,022,099			$	140,919			$	1,174,400			$	32,803			$	80,941			$	218,878			$	38,500

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

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

		SUBACCOUNTS
		Invesco V.I. Diversified Dividend Fund, Series I				Invesco V.I. Global Real Estate Fund, Series I				Invesco V.I. Health Care Fund, Series I				Lord Abbett Series Fund Growth and Income Portfolio, Class VC				LVIP American Century Disciplined Core Value Fund, Standard Class II				LVIP American Century International Fund, Standard Class II				LVIP American Century Ultra Fund, Standard Class II
ASSETS:
Investments at fair value (1)		$	626			$	10,148			$	3,807			$	233,860			$	286,764			$	147,743			$	1,932,332
Receivable from the Contracts			-				-				-				-				-				-				-
Receivable from the fund manager			-				-				-				10				11				6				20
Total assets			626				10,148				3,807				233,870				286,775				147,749				1,932,352
LIABILITIES:
Payable to the Contracts			-				-				-				10				11				6				20
Payable to the fund manager			-				-				-				-				-				-				-
Payable to the Company			-				-				-				8				9				5				63
Total liabilities			-				-				-				18				20				11				83
NET ASSETS		$	626			$	10,148			$	3,807			$	233,852			$	286,755			$	147,738			$	1,932,269
ANALYSIS OF NET ASSETS
Accumulation period		$	626			$	10,148			$	3,807			$	233,852			$	286,755			$	147,738			$	1,932,269
Total net assets		$	626			$	10,148			$	3,807			$	233,852			$	286,755			$	147,738			$	1,932,269
Fair value per share (NAV)		$	27.22			$	14.16			$	29.89			$	41.96			$	9.68			$	12.25			$	31.50
Shares outstanding in the Separate Account			23				717				127				5,573				29,624				12,066				61,352
(1) Investments in mutual fund shares, at cost		$	467			$	11,037			$	2,882			$	180,925			$	239,361			$	103,160			$	1,058,850

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

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

		SUBACCOUNTS
		LVIP American Century Value Fund, Standard Class II				MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class				MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class				MFS VIT Investors Trust Series, Initial Class				MFS VIT Investors Trust Series, Service Class				MFS VIT New Discovery Series, Initial Class				MFS VIT New Discovery Series, Service Class
ASSETS:
Investments at fair value (1)		$	41,863			$	9,033			$	75,783			$	2,033			$	110,561			$	21,171			$	62,635
Receivable from the Contracts			-				-				101				-				8				-				10
Receivable from the fund manager			2				-				-				-				-				1				-
Total assets			41,865				9,033				75,884				2,033				110,569				21,172				62,645
LIABILITIES:
Payable to the Contracts			2				-				-				-				-				1				-
Payable to the fund manager			-				-				101				-				8				-				10
Payable to the Company			1				-				2				-				4				1				2
Total liabilities			3				-				103				-				12				2				12
NET ASSETS		$	41,862			$	9,033			$	75,781			$	2,033			$	110,557			$	21,170			$	62,633
ANALYSIS OF NET ASSETS
Accumulation period		$	41,862			$	9,033			$	75,781			$	2,033			$	110,557			$	21,170			$	62,633
Total net assets		$	41,862			$	9,033			$	75,781			$	2,033			$	110,557			$	21,170			$	62,633
Fair value per share (NAV)		$	12.92			$	22.55			$	21.87			$	26.16			$	25.57			$	15.60			$	12.10
Shares outstanding in the Separate Account			3,240				401				3,465				78				4,324				1,357				5,176
(1) Investments in mutual fund shares, at cost		$	29,414			$	8,059			$	68,640			$	2,020			$	110,882			$	22,821			$	71,996

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

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

		SUBACCOUNTS
		MFS VIT Total Return Series, Service Class				MFS VIT Utilities Series, Service Class				Templeton Developing Markets VIP Fund, Class 2				Templeton Foreign VIP Fund, Class 2				Templeton Growth VIP Fund, Class 2
ASSETS:
Investments at fair value (1)		$	74,955			$	10,793			$	4,582			$	124,059			$	41,881
Receivable from the Contracts			72				-				-				-				-
Receivable from the fund manager			-				-				-				5				2
Total assets			75,027				10,793				4,582				124,064				41,883
LIABILITIES:
Payable to the Contracts			-				-				-				5				2
Payable to the fund manager			72				-				-				-				-
Payable to the Company			2				-				-				4				1
Total liabilities			74				-				-				9				3
NET ASSETS		$	74,953			$	10,793			$	4,582			$	124,055			$	41,880
ANALYSIS OF NET ASSETS
Accumulation period		$	74,953			$	10,793			$	4,582			$	124,055			$	41,880
Total net assets		$	74,953			$	10,793			$	4,582			$	124,055			$	41,880
Fair value per share (NAV)		$	22.64			$	36.82			$	12.08			$	16.22			$	14.15
Shares outstanding in the Separate Account			3,311				293				379				7,649				2,960
(1) Investments in mutual fund shares, at cost		$	69,185			$	8,863			$	3,656			$	106,884			$	34,735

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

(Concluded)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		Columbia VP Select Small Cap Value Fund, Class 2				Columbia VP Seligman Global Technology Fund, Class 2				DWS Equity 500 Index VIP, Class A				DWS Small Cap Index VIP, Class A				Federated Hermes Fund for U.S. Government Securities II				Federated Hermes Government Money Fund II, Service Shares				Federated Hermes High Income Bond Fund II, Primary Shares
INVESTMENT INCOME:
Dividend income		$	-			$	-			$	1,733			$	558			$	4,136			$	3,945			$	17,616
EXPENSES:
Mortality and expense risk			767				2,894				2,711				621				1,383				1,419				3,874
NET INVESTMENT INCOME (LOSS)			(767	)			(2,894	)			(978	)			(63	)			2,753				2,526				13,742
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments			1,379				19,032				20,453				37				(295	)			-				(1,081	)
Capital gain distributions			-				19,385				14,342				2,382				-				-				-
Net realized gain (loss) on investments			1,379				38,417				34,795				2,419				(295	)			-				(1,081	)
Change in net unrealized appreciation (depreciation) on investments			2,005				15,257				(18,501	)			2,144				3,170				-				7,179
Net realized and unrealized gain (loss) on investments			3,384				53,674				16,294				4,563				2,875				-				6,098
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS		$	2,617			$	50,780			$	15,316			$	4,500			$	5,628			$	2,526			$	19,840

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		Fidelity VIP Contrafund Portfolio, Service Class 2				Fidelity VIP Equity-Income Portfolio, Service Class 2				Fidelity VIP Growth & Income Portfolio, Service Class 2				Fidelity VIP Growth Opportunities Portfolio, Service Class 2				Franklin Small-Mid Cap Growth VIP Fund, Class 2				Invesco V.I. American Franchise Fund, Series I				Invesco V.I. Discovery Mid Cap Growth Fund, Series I
INVESTMENT INCOME:
Dividend income		$	-			$	2,436			$	24,345			$	-			$	-			$	-			$	-
EXPENSES:
Mortality and expense risk			16,996				1,991				23,848				1,198				1,104				4,823				550
NET INVESTMENT INCOME (LOSS)			(16,996	)			445				497				(1,198	)			(1,104	)			(4,823	)			(550	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments			9,398				373				56,779				857				(201	)			11,685				146
Capital gain distributions			214,416				8,094				176,039				1,138				4,503				30,062				3,357
Net realized gain (loss) on investments			223,814				8,467				232,818				1,995				4,302				41,747				3,503
Change in net unrealized appreciation (depreciation) on investments			23,780				12,483				91,827				14,351				(496	)			(5,909	)			(1,654	)
Net realized and unrealized gain (loss) on investments			247,594				20,950				324,645				16,346				3,806				35,838				1,849
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS		$	230,598			$	21,395			$	325,142			$	15,148			$	2,702			$	31,015			$	1,299

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		Invesco V.I. Diversified Dividend Fund, Series I				Invesco V.I. Global Real Estate Fund, Series I				Invesco V.I. Health Care Fund, Series I				Lord Abbett Series Fund Growth and Income Portfolio, Class VC				LVIP American Century Disciplined Core Value Fund, Standard Class II				LVIP American Century International Fund, Standard Class II				LVIP American Century Ultra Fund, Standard Class II
INVESTMENT INCOME:
Dividend income		$	10			$	203			$	-			$	1,260			$	4,536			$	1,737			$	-
EXPENSES:
Mortality and expense risk			8				167				51				3,164				3,629				1,959				24,284
NET INVESTMENT INCOME (LOSS)			2				36				(51	)			(1,904	)			907				(222	)			(24,284	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments			1				(193	)			48				1,214				526				2,425				56,172
Capital gain distributions			46				-				148				23,317				-				-				154,544
Net realized gain (loss) on investments			47				(193	)			196				24,531				526				2,425				210,716
Change in net unrealized appreciation (depreciation) on investments			28				863				324				9,020				32,139				16,668				14,843
Net realized and unrealized gain (loss) on investments			75				670				520				33,551				32,665				19,093				225,559
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS		$	77			$	706			$	469			$	31,647			$	33,572			$	18,871			$	201,275

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		LVIP American Century Value Fund, Standard Class II				MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class				MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class				MFS VIT Investors Trust Series, Initial Class				MFS VIT Investors Trust Series, Service Class				MFS VIT New Discovery Series, Initial Class				MFS VIT New Discovery Series, Service Class
INVESTMENT INCOME:
Dividend income		$	646			$	23			$	12			$	31			$	619			$	-			$	-
EXPENSES:
Mortality and expense risk			573				121				1,033				28				1,460				294				912
NET INVESTMENT INCOME (LOSS)			73				(98	)			(1,021	)			3				(841	)			(294	)			(912	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments			744				27				256				6				285				(58	)			(1,422	)
Capital gain distributions			3,067				1,229				10,612				788				43,771				-				-
Net realized gain (loss) on investments			3,811				1,256				10,868				794				44,056				(58	)			(1,422	)
Change in net unrealized appreciation (depreciation) on investments			1,465				(460	)			(4,558	)			(580	)			(31,606	)			2,497				8,667
Net realized and unrealized gain (loss) on investments			5,276				796				6,310				214				12,450				2,439				7,245
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS		$	5,349			$	698			$	5,289			$	217			$	11,609			$	2,145			$	6,333

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		MFS VIT Total Return Series, Service Class				MFS VIT Utilities Series, Service Class				Templeton Developing Markets VIP Fund, Class 2				Templeton Foreign VIP Fund, Class 2				Templeton Growth VIP Fund, Class 2
INVESTMENT INCOME:
Dividend income		$	1,875			$	281			$	20			$	2,609			$	331
EXPENSES:
Mortality and expense risk			1,082				152				56				1,692				536
NET INVESTMENT INCOME (LOSS)			793				129				(36	)			917				(205	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments			265				24				1				(1,213	)			67
Capital gain distributions			5,516				140				64				7,286				2,840
Net realized gain (loss) on investments			5,781				164				65				6,073				2,907
Change in net unrealized appreciation (depreciation) on investments			(18	)			954				1,374				18,662				4,882
Net realized and unrealized gain (loss) on investments			5,763				1,118				1,439				24,735				7,789
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS		$	6,556			$	1,247			$	1,403			$	25,652			$	7,584

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Concluded)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		Columbia VP Select Small Cap Value Fund, Class 2				Columbia VP Seligman Global Technology Fund, Class 2				DWS Equity 500 Index VIP, Class A				DWS Small Cap Index VIP, Class A				Federated Hermes Fund for U.S. Government Securities II				Federated Hermes Government Money Fund II, Service Shares				Federated Hermes High Income Bond Fund II, Primary Shares
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	(767	)		$	(2,894	)		$	(978	)		$	(63	)		$	2,753			$	2,526			$	13,742
Net realized gain (loss) on investments			1,379				38,417				34,795				2,419				(295	)			-				(1,081	)
Change in net unrealized appreciation (depreciation) on investments			2,005				15,257				(18,501	)			2,144				3,170				-				7,179
Net increase (decrease) in net assets resulting from operations			2,617				50,780				15,316				4,500				5,628				2,526				19,840
CONTRACT TRANSACTIONS:
Contract owners' net payments			-				-				180				-				-				-				-
Contract maintenance charges			(19	)			(167	)			(175	)			(20	)			(103	)			(266	)			(97	)
Contract owners' benefits			(1,289	)			(68,336	)			(56,988	)			-				(12	)			(1,797	)			(4,382	)
Net transfers (to) from the Company and/or Subaccounts			(1	)			(110	)			(150	)			15				134				55				(49	)
Increase (decrease) in net assets resulting from Contract transactions			(1,309	)			(68,613	)			(57,133	)			(5	)			19				(2,008	)			(4,528	)
Total increase (decrease) in net assets			1,308				(17,833	)			(41,817	)			4,495				5,647				518				15,312
NET ASSETS:
Beginning of period			56,206				212,085				221,162				41,069				103,740				108,144				291,767
End of period		$	57,514			$	194,252			$	179,345			$	45,564			$	109,387			$	108,662			$	307,079

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		Fidelity VIP Contrafund Portfolio, Service Class 2				Fidelity VIP Equity-Income Portfolio, Service Class 2				Fidelity VIP Growth & Income Portfolio, Service Class 2				Fidelity VIP Growth Opportunities Portfolio, Service Class 2				Franklin Small-Mid Cap Growth VIP Fund, Class 2				Invesco V.I. American Franchise Fund, Series I				Invesco V.I. Discovery Mid Cap Growth Fund, Series I
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	(16,996	)		$	445			$	497			$	(1,198	)		$	(1,104	)		$	(4,823	)		$	(550	)
Net realized gain (loss) on investments			223,814				8,467				232,818				1,995				4,302				41,747				3,503
Change in net unrealized appreciation (depreciation) on investments			23,780				12,483				91,827				14,351				(496	)			(5,909	)			(1,654	)
Net increase (decrease) in net assets resulting from operations			230,598				21,395				325,142				15,148				2,702				31,015				1,299
CONTRACT TRANSACTIONS:
Contract owners' net payments			1,200				-				385				-				-				-				-
Contract maintenance charges			(561	)			(20	)			(709	)			(145	)			(19	)			(359	)			(10	)
Contract owners' benefits			(19,565	)			(1,150	)			(107,583	)			-				(666	)			(24,412	)			(131	)
Net transfers (to) from the Company and/or Subaccounts			60,716				58,908				(2,417	)			(79	)			31,318				(51	)			1
Increase (decrease) in net assets resulting from Contract transactions			41,790				57,738				(110,324	)			(224	)			30,633				(24,822	)			(140	)
Total increase (decrease) in net assets			272,388				79,133				214,818				14,924				33,335				6,193				1,159
NET ASSETS:
Beginning of period			1,120,179				77,452				1,728,308				76,275				46,596				327,415				39,307
End of period		$	1,392,567			$	156,585			$	1,943,126			$	91,199			$	79,931			$	333,608			$	40,466

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		Invesco V.I. Diversified Dividend Fund, Series I				Invesco V.I. Global Real Estate Fund, Series I				Invesco V.I. Health Care Fund, Series I				Lord Abbett Series Fund Growth and Income Portfolio, Class VC				LVIP American Century Disciplined Core Value Fund, Standard Class II				LVIP American Century International Fund, Standard Class II				LVIP American Century Ultra Fund, Standard Class II
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	2			$	36			$	(51	)		$	(1,904	)		$	907			$	(222	)		$	(24,284	)
Net realized gain (loss) on investments			47				(193	)			196				24,531				526				2,425				210,716
Change in net unrealized appreciation (depreciation) on investments			28				863				324				9,020				32,139				16,668				14,843
Net increase (decrease) in net assets resulting from operations			77				706				469				31,647				33,572				18,871				201,275
CONTRACT TRANSACTIONS:
Contract owners' net payments			-				-				-				-				191				-				192
Contract maintenance charges			-				(28	)			(4	)			(265	)			(152	)			(116	)			(744	)
Contract owners' benefits			-				(2,043	)			(164	)			(1,196	)			(4,179	)			(7,842	)			(95,283	)
Net transfers (to) from the Company and/or Subaccounts			(1	)			-				-				1				1,278				(1	)			1,175
Increase (decrease) in net assets resulting from Contract transactions			(1	)			(2,071	)			(168	)			(1,460	)			(2,862	)			(7,959	)			(94,660	)
Total increase (decrease) in net assets			76				(1,365	)			301				30,187				30,710				10,912				106,615
NET ASSETS:
Beginning of period			550				11,513				3,506				203,665				256,045				136,826				1,825,654
End of period		$	626			$	10,148			$	3,807			$	233,852			$	286,755			$	147,738			$	1,932,269

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		LVIP American Century Value Fund, Standard Class II				MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class				MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class				MFS VIT Investors Trust Series, Initial Class				MFS VIT Investors Trust Series, Service Class				MFS VIT New Discovery Series, Initial Class				MFS VIT New Discovery Series, Service Class
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	73			$	(98	)		$	(1,021	)		$	3			$	(841	)		$	(294	)		$	(912	)
Net realized gain (loss) on investments			3,811				1,256				10,868				794				44,056				(58	)			(1,422	)
Change in net unrealized appreciation (depreciation) on investments			1,465				(460	)			(4,558	)			(580	)			(31,606	)			2,497				8,667
Net increase (decrease) in net assets resulting from operations			5,349				698				5,289				217				11,609				2,145				6,333
CONTRACT TRANSACTIONS:
Contract owners' net payments			-				-				-				-				-				-				-
Contract maintenance charges			(62	)			(50	)			(57	)			(3	)			(19	)			(20	)			(81	)
Contract owners' benefits			(1,716	)			-				(2,619	)			-				-				(6	)			(5,000	)
Net transfers (to) from the Company and/or Subaccounts			(10	)			(1	)			103				(2	)			10				-				28
Increase (decrease) in net assets resulting from Contract transactions			(1,788	)			(51	)			(2,573	)			(5	)			(9	)			(26	)			(5,053	)
Total increase (decrease) in net assets			3,561				647				2,716				212				11,600				2,119				1,280
NET ASSETS:
Beginning of period			38,301				8,386				73,065				1,821				98,957				19,051				61,353
End of period		$	41,862			$	9,033			$	75,781			$	2,033			$	110,557			$	21,170			$	62,633

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNTS
		MFS VIT Total Return Series, Service Class				MFS VIT Utilities Series, Service Class				Templeton Developing Markets VIP Fund, Class 2				Templeton Foreign VIP Fund, Class 2				Templeton Growth VIP Fund, Class 2
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	793			$	129			$	(36	)		$	917			$	(205	)
Net realized gain (loss) on investments			5,781				164				65				6,073				2,907
Change in net unrealized appreciation (depreciation) on investments			(18	)			954				1,374				18,662				4,882
Net increase (decrease) in net assets resulting from operations			6,556				1,247				1,403				25,652				7,584
CONTRACT TRANSACTIONS:
Contract owners' net payments			-				-				-				180				-
Contract maintenance charges			(80	)			(20	)			(5	)			(33	)			(40	)
Contract owners' benefits			(2,391	)			-				-				(22,841	)			-
Net transfers (to) from the Company and/or Subaccounts			76				-				1				(58	)			(1	)
Increase (decrease) in net assets resulting from Contract transactions			(2,395	)			(20	)			(4	)			(22,752	)			(41	)
Total increase (decrease) in net assets			4,161				1,227				1,399				2,900				7,543
NET ASSETS:
Beginning of period			70,792				9,566				3,183				121,155				34,337
End of period		$	74,953			$	10,793			$	4,582			$	124,055			$	41,880

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

		SUBACCOUNTS
		Columbia VP Select Small Cap Value Fund, Class 2				Columbia VP Seligman Global Technology Fund, Class 2				DWS Equity 500 Index VIP, Class A				DWS Small Cap Index VIP, Class A				Federated Hermes Fund for U.S. Government Securities II				Federated Hermes Government Money Fund II, Service Shares				Federated Hermes High Income Bond Fund II, Primary Shares
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	(764	)		$	(3,046	)		$	(795	)		$	(137	)		$	2,317			$	3,612			$	11,829
Net realized gain (loss) on investments			1,377				20,787				37,714				1,101				(549	)			-				(2,775	)
Change in net unrealized appreciation (depreciation) on investments			5,514				26,500				8,470				2,587				(2,531	)			-				4,453
Net increase (decrease) in net assets resulting from operations			6,127				44,241				45,389				3,551				(763	)			3,612				13,507
CONTRACT TRANSACTIONS:
Contract owners' net payments			-				-				720				-				-				-				-
Contract maintenance charges			(20	)			(142	)			(286	)			(34	)			(107	)			(267	)			(165	)
Contract owners' benefits			(1,344	)			(24,704	)			(63,282	)			(79	)			(1,118	)			(9,993	)			(17,901	)
Net transfers (to) from the Company and/or Subaccounts			1				(408	)			(53	)			180				394				921				121
Increase (decrease) in net assets resulting from Contract transactions			(1,363	)			(25,254	)			(62,901	)			67				(831	)			(9,339	)			(17,945	)
Total increase (decrease) in net assets			4,764				18,987				(17,512	)			3,618				(1,594	)			(5,727	)			(4,438	)
NET ASSETS:
Beginning of period			51,442				193,098				238,674				37,451				105,334				113,871				296,205
End of period		$	56,206			$	212,085			$	221,162			$	41,069			$	103,740			$	108,144			$	291,767

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

		SUBACCOUNTS
		Fidelity VIP Contrafund Portfolio, Service Class 2				Fidelity VIP Equity-Income Portfolio, Service Class 2				Fidelity VIP Growth & Income Portfolio, Service Class 2				Fidelity VIP Growth Opportunities Portfolio, Service Class 2				Franklin Small-Mid Cap Growth VIP Fund, Class 2				Invesco V.I. American Franchise Fund, Series I				Invesco V.I. Discovery Mid Cap Growth Fund, Series I
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	(13,296	)		$	(96	)		$	(1,066	)		$	(996	)		$	(308	)		$	(4,608	)		$	(517	)
Net realized gain (loss) on investments			193,381				11,331				180,565				642				(257	)			8,364				136
Change in net unrealized appreciation (depreciation) on investments			87,310				(493	)			123,577				20,800				1,543				80,943				7,609
Net increase (decrease) in net assets resulting from operations			267,395				10,742				303,076				20,446				978				84,699				7,228
CONTRACT TRANSACTIONS:
Contract owners' net payments			1,200				-				353				-				-				-				-
Contract maintenance charges			(496	)			(62	)			(775	)			(35	)			(58	)			(750	)			(10	)
Contract owners' benefits			(124,501	)			(30,161	)			(141,649	)			-				(911	)			(23,833	)			(130	)
Net transfers (to) from the Company and/or Subaccounts			87,943				24,904				1,940				(215	)			29,560				(2,234	)			-
Increase (decrease) in net assets resulting from Contract transactions			(35,854	)			(5,319	)			(140,131	)			(250	)			28,591				(26,817	)			(140	)
Total increase (decrease) in net assets			231,541				5,423				162,945				20,196				29,569				57,882				7,088
NET ASSETS:
Beginning of period			888,638				72,029				1,565,363				56,079				17,027				269,533				32,219
End of period		$	1,120,179			$	77,452			$	1,728,308			$	76,275			$	46,596			$	327,415			$	39,307

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

		SUBACCOUNTS
		Invesco V.I. Diversified Dividend Fund, Series I				Invesco V.I. Global Real Estate Fund, Series I				Invesco V.I. Health Care Fund, Series I				Lord Abbett Series Fund Growth and Income Portfolio, Class VC				LVIP American Century Disciplined Core Value Fund, Standard Class II				LVIP American Century International Fund, Standard Class II				LVIP American Century Ultra Fund, Standard Class II
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	2			$	20			$	(55	)		$	(1,212	)		$	(165	)		$	331			$	(22,828	)
Net realized gain (loss) on investments			23				(917	)			52				25,340				(64	)			1,230				194,587
Change in net unrealized appreciation (depreciation) on investments			31				182				110				9,800				26,596				9				228,047
Net increase (decrease) in net assets resulting from operations			56				(715	)			107				33,928				26,367				1,570				399,806
CONTRACT TRANSACTIONS:
Contract owners' net payments			-				-				-				-				177				-				177
Contract maintenance charges			-				(29	)			(4	)			(276	)			(165	)			(146	)			(1,110	)
Contract owners' benefits			-				(13,480	)			(180	)			(28,897	)			(5,505	)			(4,048	)			(104,147	)
Net transfers (to) from the Company and/or Subaccounts			-				1				(1	)			(1	)			1,723				1				(4,195	)
Increase (decrease) in net assets resulting from Contract transactions			-				(13,508	)			(185	)			(29,174	)			(3,770	)			(4,193	)			(109,275	)
Total increase (decrease) in net assets			56				(14,223	)			(78	)			4,754				22,597				(2,623	)			290,531
NET ASSETS:
Beginning of period			494				25,736				3,584				198,911				233,448				139,449				1,535,123
End of period		$	550			$	11,513			$	3,506			$	203,665			$	256,045			$	136,826			$	1,825,654

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

		SUBACCOUNTS
		LVIP American Century Value Fund, Standard Class II				MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class				MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class				MFS VIT Investors Trust Series, Initial Class				MFS VIT Investors Trust Series, Service Class				MFS VIT New Discovery Series, Initial Class				MFS VIT New Discovery Series, Service Class
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	525			$	(87	)		$	(913	)		$	(14	)		$	(900	)		$	(285	)		$	(1,051	)
Net realized gain (loss) on investments			8,059				737				6,549				133				7,298				(126	)			(5,768	)
Change in net unrealized appreciation (depreciation) on investments			(4,662	)			422				3,527				154				8,361				1,343				10,102
Net increase (decrease) in net assets resulting from operations			3,922				1,072				9,163				273				14,759				932				3,283
CONTRACT TRANSACTIONS:
Contract owners' net payments			-				-				-				-				-				-				-
Contract maintenance charges			(79	)			(54	)			(57	)			(3	)			(18	)			(47	)			(58	)
Contract owners' benefits			(15,842	)			-				(256	)			-				-				(159	)			(16,098	)
Net transfers (to) from the Company and/or Subaccounts			50				-				283				-				147				-				180
Increase (decrease) in net assets resulting from Contract transactions			(15,871	)			(54	)			(30	)			(3	)			129				(206	)			(15,976	)
Total increase (decrease) in net assets			(11,949	)			1,018				9,133				270				14,888				726				(12,693	)
NET ASSETS:
Beginning of period			50,250				7,368				63,932				1,551				84,069				18,325				74,046
End of period		$	38,301			$	8,386			$	73,065			$	1,821			$	98,957			$	19,051			$	61,353

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

		SUBACCOUNTS
		MFS VIT Total Return Series, Service Class				MFS VIT Utilities Series, Service Class				Templeton Developing Markets VIP Fund, Class 2				Templeton Foreign VIP Fund, Class 2				Templeton Growth VIP Fund, Class 2
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	567			$	56			$	117			$	1,212			$	(236	)
Net realized gain (loss) on investments			3,701				285				(160	)			66				1,834
Change in net unrealized appreciation (depreciation) on investments			(323	)			503				298				(4,301	)			759
Net increase (decrease) in net assets resulting from operations			3,945				844				255				(3,023	)			2,357
CONTRACT TRANSACTIONS:
Contract owners' net payments			-				-				-				720				-
Contract maintenance charges			(129	)			(20	)			(7	)			(44	)			(41	)
Contract owners' benefits			(1,177	)			-				(1,281	)			(3	)			(19,431	)
Net transfers (to) from the Company and/or Subaccounts			613				-				-				113				1
Increase (decrease) in net assets resulting from Contract transactions			(693	)			(20	)			(1,288	)			786				(19,471	)
Total increase (decrease) in net assets			3,252				824				(1,033	)			(2,237	)			(17,114	)
NET ASSETS:
Beginning of period			67,540				8,742				4,216				123,392				51,451
End of period		$	70,792			$	9,566			$	3,183			$	121,155			$	34,337

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

Note 2: See note 1, Organization, for periods presented, if applicable.

(Concluded)

See accompanying notes to financial statements.

FIRST VARIABLE ANNUITY FUND E

NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2025

1. ORGANIZATION

The First Variable Annuity Fund E (the "Separate Account"), a segregated unit investment trust registered under the Investment Company Act of 1940, as amended, was established by First Variable Life Insurance Company, and exists in accordance with the regulations of the Alabama Department of Insurance. First Variable Life Insurance Company was acquired by Protective Life Insurance Company (the "Company"), which made First Variable Life Insurance Company a wholly owned subsidiary of Protective Life Insurance Company. Protective Life Insurance Company is a wholly owned subsidiary of Protective Life Corporation ("PLC"). PLC is a wholly owned subsidiary of Dai-ichi Life International Holding, LLC, a godo kaisha organized under the laws of Japan.

Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the Company's other assets and liabilities. The portion of the Separate Account's assets applicable to the variable annuity contracts (the "Contracts") is not chargeable with liabilities arising out of any other business the Company may conduct.

The Separate Account is a funding vehicle for individual variable annuity Contracts; it consists of a number of subaccounts (the "Subaccounts"), also commonly referred to as investment divisions or funds, each of which is treated as an individual accounting entity for financial reporting purposes. The Separate Account's value at any time is allocated among Contract owners based on the number and value of their accumulation units representing their interest in the Subaccounts of the Separate Account; all of the investible assets of the Separate Account are invested in the corresponding mutual funds.

The Separate Account has identified the Chief Product Officer - Retirement Division as the chief operating decision maker ("CODM"). The Separate Account is comprised of multiple Subaccounts, each of which constitutes an operating segment. The CODM uses significant performance measures of the Subaccounts, such as the total return ratio, investment income ratio, and expense ratio to make operational decisions for the Separate Account. Segment assets are reflected on the Statements of Assets and Liabilities as Total assets, and significant segment expenses are listed on the Statements of Operations.

Contract owners may allocate some or all of the applicable net payments or transfer some or all of the Contract value to the Company's guaranteed account, which is not included in these financial statements. The assets of the Company support its insurance and annuity obligations and are subject to the Company's general liabilities from business operations.

Contract owners' net payments are allocated to the Subaccounts in accordance with Contract owner instructions and are recorded as Contract owners' net payments in the Statements of Changes in Net Assets. Such amounts are used to provide account funds to pay Contract values under the Contracts. New Contracts are no longer being sold under the products in the Separate Account, but owners of existing Contracts may make additional deposits.

The following is a list of the variable annuity products funded by the Separate Account:

Capital No Load

Capital Five

Capital Six Load

For the years or periods ended December 31, 2025 and 2024, the Separate Account offered up to 33 available Subaccount investment options, as follows:

	Columbia VP Select Small Cap Value Fund, Class 2
	Columbia VP Seligman Global Technology Fund, Class 2
	DWS Equity 500 Index VIP, Class A

	DWS Small Cap Index VIP, Class A
	Federated Hermes Fund for U.S. Government Securities II
	Federated Hermes Government Money Fund II, Service Shares
	Federated Hermes High Income Bond Fund II, Primary Shares
	Fidelity VIP Contrafund Portfolio, Service Class 2
	Fidelity VIP Equity-Income Portfolio, Service Class 2
	Fidelity VIP Growth & Income Portfolio, Service Class 2
	Fidelity VIP Growth Opportunities Portfolio, Service Class 2
	Franklin Small-Mid Cap Growth VIP Fund, Class 2
	Invesco V.I. American Franchise Fund, Series I
	Invesco V.I. Discovery Mid Cap Growth Fund, Series I
	Invesco V.I. Diversified Dividend Fund, Series I
	Invesco V.I. Global Real Estate Fund, Series I
	Invesco V.I. Health Care Fund, Series I
	Lord Abbett Series Fund Growth and Income Portfolio, Class VC
	LVIP American Century Disciplined Core Value Fund, Standard Class II (a)
	LVIP American Century International Fund, Standard Class II (a)
	LVIP American Century Ultra Fund, Standard Class II (a)
	LVIP American Century Value Fund, Standard Class II (a)
	MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class
	MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class
	MFS VIT Investors Trust Series, Initial Class
	MFS VIT Investors Trust Series, Service Class
	MFS VIT New Discovery Series, Initial Class
	MFS VIT New Discovery Series, Service Class
	MFS VIT Total Return Series, Service Class
	MFS VIT Utilities Series, Service Class
	Templeton Developing Markets VIP Fund, Class 2
	Templeton Foreign VIP Fund, Class 2
	Templeton Growth VIP Fund, Class 2

^(a) See Subaccount Changes tables below

Subaccount Changes: Reorganizations

During 2024, the following Subaccounts were reorganized:

Previous Name		New Name		Date of Reorganization
American Century Investments VP Value Fund, Class I		LVIP American Century Value Fund, Standard Class II		April 26, 2024
American Century Investments VP Disciplined Core Value Fund, Class I		LVIP American Century Disciplined Core Value Fund, Standard Class II		April 26, 2024
American Century Investments VP International Fund, Class I		LVIP American Century International Fund, Standard Class II		April 26, 2024
American Century Investments VP Ultra Fund, Class I		LVIP American Century Ultra Fund, Standard Class II		April 26, 2024

The financial statements are presented based on the period noted in the above Subaccount Changes table which may result in the exclusion from certain financial statements.

Each product within the Separate Account is unique; as such, all Subaccounts available for investment within the Separate Account may not be available for investment under each product.

The Separate Account is an investment company and, therefore, applies specialized accounting guidance in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 "Financial Services - Investment Companies".

2.         SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of the significant accounting policies of the Separate Account.

Investment valuation

Investments are made and measured in shares and are presented net of management fees and other operating expenses incurred by the Subaccounts. The investments are valued at the net asset values of the mutual funds, which value their investment securities at fair value. Transactions with the mutual funds are recognized on the trade date.

The Separate Account classifies its valuations into three levels based upon the observability of inputs to the valuation of the Separate Account's investments. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:

Level 1 - Unadjusted quoted prices for identical securities in active markets.

Level 2 - Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. These may include quoted prices for similar assets in active markets.

Level 3 - Unobservable inputs to the extent observable inputs are not available and may include prices obtained from single broker quotes. Unobservable inputs reflect the reporting entity's own assumptions and would be based on the best information available under the circumstances.

The Separate Account determines the fair values of certain financial assets based on quoted market prices. All of the investments in the Subaccounts of the Separate Account are classified as Level 1 in the fair value hierarchy and consist of open-ended mutual funds. Participants may, without restriction, transact at the daily net asset value ("NAV") of the mutual funds. The NAV represents the daily per share value based on the fair value of the underlying portfolio of investments of the respective Subaccounts.

Receivables and payables from (to) the Contracts and the fund manager

Receivables and payables from (to) the Contracts and the fund manager include trading activity initiated at the Contract level from the last business day of the year that has not yet been settled with the fund manager.

Receivable from dividends

Receivable from dividends include dividends declared by the fund managers that have not yet been reinvested in accordance with the Subaccounts' designated reinvestment dates.

Receivables and payables from (to) the Company

Receivables and payables from (to) the Company include accruals for the variance between investments and reserves applicable to the Subaccount.

Contracts in the annuity period

Net assets allocated to Contracts in the annuity period are computed according to the Annuity 2000 Mortality Table with an assumed investment return of 5%. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the Company for the calculated or excess differential. Any adjustments to these amounts are reflected in net transfers (to) from the Company and/or Subaccounts on the Statement of changes in Net Assets of the applicable Subaccounts. Currently there are no Contracts in the annuity payout period.

Dividend income and capital gain distributions

Dividend income and capital gain distributions are recorded on the ex-dividend date and are reinvested in additional shares of the mutual funds. Ordinary dividend and capital gain distributions are recognized within net investment income and net realized gains, respectively, as recorded in the financial statements of the Subaccounts.

Net realized gains and losses

Net realized gains and losses on investments include gains and losses on redemptions of the Subaccounts' shares (determined for each product using the last-in-first-out (LIFO) or a weighted average cost basis, depending on the product) and capital gain distributions from the mutual funds.

Net transfers (to) from the Company and/or Subaccounts

Net transfers (to) from the Company and/or Subaccounts include transfers between the Subaccounts of the Separate Account as well as transfers between the Separate Account and the Company.

Federal income taxes

The results of the operations of the Separate Account are included in the federal income tax return of the Company. Under the provisions of the Contracts, the Company has the right to charge the Separate Account for federal income tax attributable to the Separate Account. No charge has been made against the Separate Account for such tax during the year ended December 31, 2025. Management will periodically review the application of this policy in the event of changes in tax law. Accordingly, a change may be made in future years to consider charges for any federal income taxes that would be attributable to the Contracts.

Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that could affect the reported amounts of assets and liabilities, as well as the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from the estimates reported in the accompanying financial statements.

Risks and uncertainties

The Separate Account provides for various investment options in any combination of Subaccounts, each of which bears exposure to the market, credit, and liquidity risks of the underlying portfolio in which it invests. Due to the level of risk associated with certain investments and the level of uncertainty related to changes in the value of investments, it is at least reasonably possible that changes in risks in the near term could materially affect investment balances, the amounts reported in the statements of assets and liabilities, of operations and of changes in net assets. Accordingly, these financial statements should be read in conjunction with the financial statements and notes of the underlying Subaccounts identified in note 1, Organization.

3.         PURCHASES AND SALES OF INVESTMENTS

The cost of purchases and proceeds from sales of investments for the year or period ended (as designated in note 1, Organization, if applicable) December 31, 2025 were as follows:

Subaccount		Purchases				Sales
Columbia VP Select Small Cap Value Fund, Class 2		$	-			$	2,076
Columbia VP Seligman Global Technology Fund, Class 2			19,385				71,508
DWS Equity 500 Index VIP, Class A			16,255				60,025
DWS Small Cap Index VIP, Class A			2,955				640
Federated Hermes Fund for U.S. Government Securities II			4,270				1,497
Federated Hermes Government Money Fund II, Service Shares			4,040				3,521
Federated Hermes High Income Bond Fund II, Primary Shares			17,790				8,576
Fidelity VIP Contrafund Portfolio, Service Class 2			276,529				37,310
Fidelity VIP Equity-Income Portfolio, Service Class 2			69,438				3,160
Fidelity VIP Growth & Income Portfolio, Service Class 2			200,726				134,507
Fidelity VIP Growth Opportunities Portfolio, Service Class 2			1,138				1,420
Franklin Small-Mid Cap Growth VIP Fund, Class 2			35,822				1,789
Invesco V.I. American Franchise Fund, Series I			30,790				30,374
Invesco V.I. Discovery Mid Cap Growth Fund, Series I			3,357				691
Invesco V.I. Diversified Dividend Fund, Series I			56				8
Invesco V.I. Global Real Estate Fund, Series I			203				2,237
Invesco V.I. Health Care Fund, Series I			148				219
Lord Abbett Series Fund Growth and Income Portfolio, Class VC			24,578				4,625
LVIP American Century Disciplined Core Value Fund, Standard Class II			6,000				7,954
LVIP American Century International Fund, Standard Class II			1,737				9,917
LVIP American Century Ultra Fund, Standard Class II			155,837				120,233
LVIP American Century Value Fund, Standard Class II			3,713				2,359
MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class			1,252				172
MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class			10,727				3,709
MFS VIT Investors Trust Series, Initial Class			818				32
MFS VIT Investors Trust Series, Service Class			44,402				1,479
MFS VIT New Discovery Series, Initial Class			-				320
MFS VIT New Discovery Series, Service Class			28				5,993
MFS VIT Total Return Series, Service Class			7,466				3,552
MFS VIT Utilities Series, Service Class			421				172
Templeton Developing Markets VIP Fund, Class 2			84				61
Templeton Foreign VIP Fund, Class 2			10,075				24,624
Templeton Growth VIP Fund, Class 2			3,170				577

4.         CHANGES IN UNITS OUTSTANDING

The changes in units outstanding for the years or periods ended (as designated in note 1, Organization, if applicable) December 31, 2025 and 2024 were as follows:

		2025												2024
Subaccount		Units Issued				Units Redeemed				Net Increase (Decrease)				Units Issued				Units Redeemed				Net Increase (Decrease)
Columbia VP Select Small Cap Value Fund, Class 2			-				24				(24	)			-				26				(26	)
Columbia VP Seligman Global Technology Fund, Class 2			-				885				(885	)			0	*			383				(383	)
DWS Equity 500 Index VIP, Class A			4				1,477				(1,473	)			1,020				2,575				(1,555	)
DWS Small Cap Index VIP, Class A			0	*			0	*			(0	)*			4				3				1
Federated Hermes Fund for U.S. Government Securities II			10				8				2				31				95				(64	)
Federated Hermes Government Money Fund II, Service Shares			8				173				(165	)			68				720				(652	)
Federated Hermes High Income Bond Fund II, Primary Shares			6				155				(149	)			16				685				(669	)
Fidelity VIP Contrafund Portfolio, Service Class 2			1,055				317				738				2,556				3,267				(711	)
Fidelity VIP Equity-Income Portfolio, Service Class 2			1,573				29				1,544				1,642				1,742				(100	)
Fidelity VIP Growth & Income Portfolio, Service Class 2			7				2,351				(2,344	)			58				3,545				(3,487	)
Fidelity VIP Growth Opportunities Portfolio, Service Class 2			-				3				(3	)			-				5				(5	)
Franklin Small-Mid Cap Growth VIP Fund, Class 2			897				18				879				783				27				756
Invesco V.I. American Franchise Fund, Series I			19				593				(574	)			1				716				(715	)
Invesco V.I. Discovery Mid Cap Growth Fund, Series I			-				9				(9	)			-				9				(9	)
Invesco V.I. Diversified Dividend Fund, Series I			-				0	*			(0	)*			-				0	*			(0	)
Invesco V.I. Global Real Estate Fund, Series I			-				63				(63	)			-				420				(420	)
Invesco V.I. Health Care Fund, Series I			-				5				(5	)			-				5				(5	)
Lord Abbett Series Fund Growth and Income Portfolio, Class VC			-				34				(34	)			812				1,646				(834	)
LVIP American Century Disciplined Core Value Fund, Standard Class II			43				131				(88	)			61				182				(121	)
LVIP American Century International Fund, Standard Class II			-				399				(399	)			-				221				(221	)
LVIP American Century Ultra Fund, Standard Class II			22				1,440				(1,418	)			5				1,922				(1,917	)
LVIP American Century Value Fund, Standard Class II			-				35				(35	)			1				327				(326	)
MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class			-				2				(2	)			-				2				(2	)
MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class			3				106				(103	)			10				11				(1	)
MFS VIT Investors Trust Series, Initial Class			-				0	*			(0	)*			-				0	*			(0	)
MFS VIT Investors Trust Series, Service Class			0	*			1				(1	)			4				1				3
MFS VIT New Discovery Series, Initial Class			-				0	*			(0	)*			-				4				(4	)
MFS VIT New Discovery Series, Service Class			1				149				(148	)			8				492				(484	)
MFS VIT Total Return Series, Service Class			3				85				(82	)			24				50				(26	)
MFS VIT Utilities Series, Service Class			-				0	*			(0	)*			-				1				(1	)

		2025												2024
Subaccount		Units Issued				Units Redeemed				Net Increase (Decrease)				Units Issued				Units Redeemed				Net Increase (Decrease)
Templeton Developing Markets VIP Fund, Class 2			-				0	*			(0	)*			-				39				(39	)
Templeton Foreign VIP Fund, Class 2			10				1,488				(1,478	)			49				3				46
Templeton Growth VIP Fund, Class 2			-				2				(2	)			-				876				(876	)

	* The Subaccount has units that round to less than one.
	Note: Units may not appear to foot/crossfoot due to rounding.

5.	EXPENSES AND RELATED PARTY TRANSACTIONS

The fees and charges below are the current expenses deducted by the Subaccount from either the net unit value or from the Contract as a redemption of units. Fees and charges may vary based on factors such as the product purchased, optional benefits chosen, benefit base, asset base, death benefit option elected, a Contract's total asset value, age of Contract, surrender amount, if a surrender is requested during the period specified, Subaccounts selected, transaction amount, and/or transaction frequency. The fees and charges are recorded, as applicable, to the respective Subaccount in the Separate Account. Redemption of units deductions are made to the individual Contracts in accordance with the terms which govern each annuity, as set forth in the Contract.

The minimum and maximum Contract expenses offered by the Company may not directly equate to the minimum and maximum expense ratios by Subaccount in the Financial Highlights footnote as Contract owners across all products offered may not have invested in all available products during the current year.

	Expense Type			Range
	Mortality and Expense Risk Fee
	This fee is assessed to reimburse the Company for assuming mortality and expense risks. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as Mortality and expense risk in the Statements of Operations.			a daily fee amounting to a per annum aggregate of 1.15% - 1.50% of the average daily net assets of the Subaccount
	Deductions for Premium Taxes
	This deduction is to comply with any applicable state premium and/or retaliatory taxes. The mandated amount is deducted from the payment when it is received which in turn reduces Contract owners' net payments on the Statements of Changes in Net Assets.			0.00% - 4.00% of each payment, if applicable
	Contract Maintenance Charge
	This charge is assessed to reimburse the Company for expenses incurred in the administration of the Contract and the Separate Account. The charge is deducted annually, assessed through a redemption of units, and recorded as Contract maintenance charges in the Statements of Changes in Net Assets.			$30 annually
	Surrender Charge (Contingent Deferred Sales Charge)
	This charge is assessed to reimburse the Company for some of the costs of distributing the Contracts. The charge is deducted at surrender, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets.			0.00% - 7.00% of surrendered amount
	Transfer Charge
	Currently there is no charge assessed for transfers; however, the Company has reserved the right to charge for transfers as reimbursement for costs incurred when transferring funds. The charge would be deducted upon transfer, assessed through a redemption of units, and recorded as Contract owners' benefits within the Statements of Changes in Net Assets.			$0 - $25 per transfer, after the first 12 transfers in any Contract calendar year

6.	FINANCIAL HIGHLIGHTS

The Company sold a number of variable annuity products that are funded by the Separate Account. These products have unique combinations of features and expenses that are charged against the Contract owner's account. Differences in the expense structures result in a variety of unit values, expense ratios and total returns. The following tables were developed by determining which products offered by the Company and funded by the Separate Account have the highest and lowest expense ratios. The summaries may not reflect or directly equate to the minimum and maximum Contract expenses offered by the Company, as Contract owners may not have selected all available and applicable Contract options for or during the periods presented.

A summary of the units outstanding, unit fair values, net assets for variable annuity Contracts, investment income ratios, the expense ratios, excluding expenses of the underlying Subaccounts, and total returns for each of the five years or periods ended December 31, 2025 is as follows:

		As of December 31																For the period ended December 31
Subaccount		Units (000's)				Unit Fair Value								Net Assets (000's)				Investment Income Ratio (a)				Expense Ratios (b)								Total Return (c)
						Low				High												Low				High				Low				High
Columbia VP Select Small Cap Value Fund, Class 2
2025			1			$	57.26			$	55.86			$	58				0.00	%			1.40	%			1.50	%			4.82	%			4.72	%
2024			1				54.62				53.34				56				0.00	%			1.40	%			1.50	%			12.07	%			11.96	%
2023			1				48.74				47.65				51				0.00	%			1.40	%			1.50	%			11.28	%			11.17	%
2022			1				43.80				42.86				48				0.00	%			1.40	%			1.50	%			(16.11	)%			(16.19	)%
2021			1				52.21				51.14				65				0.00	%			1.40	%			1.50	%			31.36	%			26.16	%
Columbia VP Seligman Global Technology Fund, Class 2
2025			2				97.79				97.79				194				0.00	%			1.50	%			1.50	%			32.37	%			32.37	%
2024			3				67.28				73.87				212				0.00	%			1.40	%			1.50	%			10.90	%			24.69	%
2023			3				60.67				59.25				193				0.00	%			1.40	%			1.50	%			42.86	%			42.72	%
2022			3				42.47				41.51				141				0.00	%			1.40	%			1.50	%			(32.81	)%			(32.87	)%
2021			3				63.20				61.84				210				0.28	%			1.40	%			1.50	%			39.62	%			33.82	%
DWS Equity 500 Index VIP, Class A
2025			3				52.24				52.24				179				0.55	%			1.50	%			1.50	%			15.88	%			15.88	%
2024			5				41.03				45.08				221				1.14	%			1.40	%			1.50	%			9.01	%			22.76	%
2023			6				37.64				36.72				239				1.43	%			1.40	%			1.50	%			24.26	%			24.13	%
2022			9				30.29				29.58				270				1.19	%			1.40	%			1.50	%			(19.47	)%			(19.55	)%
2021			9				37.61				36.77				342				1.44	%			1.40	%			1.50	%			29.39	%			23.77	%

		As of December 31																For the period ended December 31
Subaccount		Units (000's)				Unit Fair Value								Net Assets (000's)				Investment Income Ratio (a)				Expense Ratios (b)								Total Return (c)
						Low				High												Low				High				Low				High
DWS Small Cap Index VIP, Class A
2025			1			$	50.32			$	50.32			$	46				1.35	%			1.50	%			1.50	%			10.96	%			10.96	%
2024			1				45.35				45.35				41				1.16	%			1.50	%			1.50	%			9.49	%			9.49	%
2023			1				41.42				41.42				37				1.17	%			1.50	%			1.50	%			15.02	%			15.02	%
2022			1				36.01				36.01				37				0.86	%			1.50	%			1.50	%			(21.82	)%			(21.82	)%
2021			1				46.06				46.06				47				0.88	%			1.50	%			1.50	%			12.80	%			12.80	%
Federated Hermes Fund for U.S. Government Securities II
2025			8				14.47				13.61				109				3.88	%			1.25	%			1.50	%			5.47	%			5.21	%
2024			8				13.72				12.93				104				3.53	%			1.25	%			1.50	%			(0.68	)%			(0.93	)%
2023			8				13.82				13.05				105				2.60	%			1.25	%			1.50	%			2.90	%			2.64	%
2022			9				13.43				12.72				115				1.82	%			1.25	%			1.50	%			(13.66	)%			(13.85	)%
2021			9				15.55				14.76				139				2.12	%			1.25	%			1.50	%			1.62	%			(8.14	)%
Federated Hermes Government Money Fund II, Service Shares
2025			7				18.54				12.02				109				3.65	%			1.25	%			1.50	%			2.42	%			2.17	%
2024			7				18.10				11.76				108				4.58	%			1.25	%			1.50	%			3.37	%			3.11	%
2023			7				17.51				11.41				114				4.42	%			1.25	%			1.50	%			3.06	%			2.80	%
2022			8				16.99				11.10				120				2.35	%			1.25	%			1.50	%			(0.23	)%			(0.48	)%
2021			10				17.03				11.15				140				0.00	%			1.25	%			1.50	%			50.44	%			(35.33	)%
Federated Hermes High Income Bond Fund II, Primary Shares
2025			9				33.53				30.09				307				5.89	%			1.25	%			1.50	%			6.89	%			6.62	%
2024			10				31.37				28.23				292				5.43	%			1.25	%			1.50	%			4.94	%			4.68	%
2023			10				29.89				26.96				296				5.86	%			1.25	%			1.50	%			11.32	%			11.04	%
2022			11				26.85				24.28				276				4.83	%			1.25	%			1.50	%			(12.87	)%			(13.09	)%
2021			14				30.82				27.94				413				5.00	%			1.25	%			1.50	%			13.93	%			(6.13	)%
Fidelity VIP Contrafund Portfolio, Service Class 2
2025			17				91.25				72.62				1,393				0.00	%			1.25	%			1.50	%			19.69	%			19.39	%
2024			16				76.23				60.83				1,120				0.03	%			1.25	%			1.50	%			31.78	%			31.45	%
2023			17				57.85				46.27				889				0.25	%			1.25	%			1.50	%			31.47	%			31.14	%
2022			22				44.00				35.29				847				0.19	%			1.25	%			1.50	%			(27.40	)%			(27.58	)%
2021			29				60.61				48.72				1,527				0.03	%			1.25	%			1.50	%			56.26	%			1.23	%

		As of December 31																For the period ended December 31
Subaccount		Units (000's)				Unit Fair Value								Net Assets (000's)				Investment Income Ratio (a)				Expense Ratios (b)								Total Return (c)
						Low				High												Low				High				Low				High
Fidelity VIP Equity-Income Portfolio, Service Class 2
2025			4			$	43.85			$	42.73			$	157				1.82	%			1.40	%			1.50	%			17.10	%			16.98	%
2024			2				37.44				36.53				77				1.38	%			1.40	%			1.50	%			13.45	%			13.34	%
2023			2				33.01				32.23				72				1.40	%			1.40	%			1.50	%			8.85	%			8.74	%
2022			5				30.32				29.64				161				0.79	%			1.40	%			1.50	%			(6.56	)%			(6.65	)%
2021			8				32.45				31.75				246				2.26	%			1.40	%			1.50	%			25.44	%			20.24	%
Fidelity VIP Growth & Income Portfolio, Service Class 2
2025			37				53.71				50.50				1,943				1.35	%			1.25	%			1.50	%			19.71	%			19.41	%
2024			39				44.87				42.29				1,728				1.26	%			1.25	%			1.50	%			20.44	%			20.13	%
2023			43				37.26				35.20				1,565				1.30	%			1.25	%			1.50	%			16.90	%			16.61	%
2022			56				31.87				30.19				1,735				1.43	%			1.25	%			1.50	%			(6.35	)%			(6.58	)%
2021			58				34.03				32.31				1,930				2.27	%			1.25	%			1.50	%			30.34	%			17.82	%
Fidelity VIP Growth Opportunities Portfolio, Service Class 2
2025			1				74.26				72.38				91				0.00	%			1.40	%			1.50	%			19.95	%			19.83	%
2024			1				61.91				60.40				76				0.00	%			1.40	%			1.50	%			36.62	%			36.49	%
2023			1				45.32				44.26				56				0.00	%			1.40	%			1.50	%			43.29	%			43.15	%
2022			1				31.63				30.92				39				0.00	%			1.40	%			1.50	%			(39.17	)%			(39.24	)%
2021			1				51.99				50.88				64				0.00	%			1.40	%			1.50	%			12.42	%			7.75	%
Franklin Small-Mid Cap Growth VIP Fund, Class 2
2025			2				38.33				37.40				80				0.00	%			1.40	%			1.50	%			1.09	%			0.99	%
2024			1				37.92				37.03				47				0.00	%			1.40	%			1.50	%			9.48	%			9.37	%
2023			0	*			34.63				33.86				17				0.00	%			1.40	%			1.50	%			24.98	%			24.86	%
2022			2				27.71				27.12				41				0.00	%			1.40	%			1.50	%			(34.61	)%			(34.68	)%
2021			6				42.38				41.51				236				0.00	%			1.40	%			1.50	%			10.64	%			6.26	%
Invesco V.I. American Franchise Fund, Series I
2025			7				47.55				46.30				334				0.00	%			1.40	%			1.50	%			10.11	%			10.00	%
2024			8				43.19				42.09				327				0.00	%			1.40	%			1.50	%			33.00	%			32.87	%
2023			8				32.47				31.68				270				0.00	%			1.40	%			1.50	%			38.97	%			38.84	%
2022			10				23.37				22.82				241				0.00	%			1.40	%			1.50	%			(32.07	)%			(32.14	)%
2021			11				34.39				33.62				359				0.00	%			1.40	%			1.50	%			12.79	%			7.89	%

		As of December 31																For the period ended December 31
Subaccount		Units (000's)				Unit Fair Value								Net Assets (000's)				Investment Income Ratio (a)				Expense Ratios (b)								Total Return (c)
						Low				High												Low				High				Low				High
Invesco V.I. Discovery Mid Cap Growth Fund, Series I
2025			2			$	16.81			$	16.71			$	40				0.00	%			1.40	%			1.50	%			3.33	%			3.23	%
2024			2				16.26				16.19				39				0.00	%			1.40	%			1.50	%			22.50	%			22.37	%
2023			2				13.28				13.23				32				0.00	%			1.40	%			1.50	%			11.58	%			11.47	%
2022			2				11.90				11.87				29				0.00	%			1.40	%			1.50	%			(31.94	)%			(32.01	)%
2021			2				17.48				17.45				43				0.00	%			1.40	%			1.50	%			17.53	%			17.24	%
Invesco V.I. Diversified Dividend Fund, Series I
2025			0	*			18.98				18.98				1				1.72	%			1.50	%			1.50	%			14.02	%			14.02	%
2024			0	*			16.64				16.64				1				1.91	%			1.50	%			1.50	%			11.52	%			11.52	%
2023			0	*			14.92				14.92				0	*			2.04	%			1.50	%			1.50	%			7.43	%			7.43	%
2022			0	*			13.89				13.89				0	*			1.87	%			1.50	%			1.50	%			(3.12	)%			(3.12	)%
2021			-				14.34				14.34				-				2.23	%			1.50	%			1.50	%			17.12	%			17.12	%
Invesco V.I. Global Real Estate Fund, Series I
2025			0	*			33.90				33.08				10				1.82	%			1.40	%			1.50	%			6.35	%			6.24	%
2024			0	*			31.88				31.13				12				1.57	%			1.40	%			1.50	%			(3.17	)%			(3.27	)%
2023			1				32.93				32.19				26				1.49	%			1.40	%			1.50	%			7.54	%			7.43	%
2022			1				30.62				29.96				24				2.78	%			1.40	%			1.50	%			(25.98	)%			(26.05	)%
2021			1				41.36				40.52				33				2.70	%			1.40	%			1.50	%			26.43	%			21.43	%
Invesco V.I. Health Care Fund, Series I
2025			0	*			38.21				37.28				4				0.00	%			1.40	%			1.50	%			13.72	%			13.61	%
2024			0	*			33.60				32.81				4				0.00	%			1.40	%			1.50	%			2.71	%			2.61	%
2023			0	*			32.71				31.98				4				0.00	%			1.40	%			1.50	%			1.59	%			1.49	%
2022			0	*			32.20				31.51				6				0.00	%			1.40	%			1.50	%			(14.52	)%			(14.61	)%
2021			-				37.67				36.90				8				0.19	%			1.40	%			1.50	%			12.94	%			8.47	%
Lord Abbett Series Fund Growth and Income Portfolio, Class VC
2025			5				45.44				44.24				234				0.59	%			1.40	%			1.50	%			15.66	%			15.54	%
2024			5				39.29				38.29				204				0.87	%			1.40	%			1.50	%			18.92	%			18.80	%
2023			6				33.04				32.23				199				0.92	%			1.40	%			1.50	%			11.62	%			11.51	%
2022			7				29.60				28.91				192				1.14	%			1.40	%			1.50	%			(10.68	)%			(10.79	)%
2021			8				33.14				32.40				261				1.08	%			1.40	%			1.50	%			30.02	%			24.37	%

		As of December 31																For the period ended December 31
Subaccount		Units (000's)				Unit Fair Value								Net Assets (000's)				Investment Income Ratio (a)				Expense Ratios (b)								Total Return (c)
						Low				High												Low				High				Low				High
LVIP American Century Disciplined Core Value Fund, Standard Class II
2025			7			$	40.12			$	37.72			$	287				1.73	%			1.25	%			1.50	%			13.43	%			13.15	%
2024			7				35.37				33.34				256				1.32	%			1.25	%			1.50	%			11.68	%			11.40	%
2023			8				31.67				29.92				233				1.54	%			1.25	%			1.50	%			7.31	%			7.04	%
2022			8				29.51				27.96				227				1.30	%			1.25	%			1.50	%			(13.83	)%			(14.03	)%
2021			13				34.25				32.52				440				1.14	%			1.25	%			1.50	%			28.28	%			15.96	%
LVIP American Century International Fund, Standard Class II
2025			7				22.32				20.99				148				1.22	%			1.25	%			1.50	%			14.54	%			14.26	%
2024			7				19.49				18.37				137				1.61	%			1.25	%			1.50	%			1.32	%			1.07	%
2023			7				19.24				18.17				139				1.48	%			1.25	%			1.50	%			11.18	%			10.90	%
2022			9				17.30				16.39				160				1.07	%			1.25	%			1.50	%			(25.69	)%			(25.87	)%
2021			17				23.28				22.11				382				0.17	%			1.25	%			1.50	%			12.82	%			1.99	%
LVIP American Century Ultra Fund, Standard Class II
2025			27				75.32				69.09				1,932				0.00	%			1.15	%			1.50	%			11.55	%			11.16	%
2024			28				67.52				62.15				1,826				0.00	%			1.15	%			1.50	%			27.32	%			26.87	%
2023			30				53.03				48.99				1,535				0.00	%			1.15	%			1.50	%			41.88	%			41.38	%
2022			32				37.38				34.65				1,144				0.00	%			1.15	%			1.50	%			(33.15	)%			(33.38	)%
2021			46				55.92				52.01				2,477				0.00	%			1.15	%			1.50	%			30.44	%			13.25	%
LVIP American Century Value Fund, Standard Class II
2025			1				55.97				54.50				42				1.63	%			1.40	%			1.50	%			14.41	%			14.29	%
2024			1				48.92				47.68				38				2.55	%			1.40	%			1.50	%			7.95	%			7.84	%
2023			1				45.32				44.21				50				2.04	%			1.40	%			1.50	%			7.59	%			7.48	%
2022			2				42.12				41.14				102				2.08	%			1.40	%			1.50	%			(0.85	)%			(0.95	)%
2021			3				42.49				41.53				108				1.78	%			1.40	%			1.50	%			25.47	%			20.03	%
MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class
2025			0	*			32.11				31.77				9				0.27	%			1.40	%			1.50	%			8.37	%			8.26	%
2024			0	*			29.63				29.34				8				0.35	%			1.40	%			1.50	%			14.64	%			14.53	%
2023			0	*			25.85				25.62				7				0.30	%			1.40	%			1.50	%			22.29	%			22.17	%
2022			0	*			21.14				20.97				6				0.10	%			1.40	%			1.50	%			(20.38	)%			(20.46	)%
2021			-				26.54				26.36				8				0.27	%			1.40	%			1.50	%			24.95	%			23.38	%

		As of December 31																For the period ended December 31
Subaccount		Units (000's)				Unit Fair Value								Net Assets (000's)				Investment Income Ratio (a)				Expense Ratios (b)								Total Return (c)
						Low				High												Low				High				Low				High
MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class
2025			2			$	31.27			$	30.93			$	76				0.02	%			1.40	%			1.50	%			8.08	%			7.97	%
2024			3				28.93				28.65				73				0.13	%			1.40	%			1.50	%			14.36	%			14.24	%
2023			3				25.30				25.08				64				0.05	%			1.40	%			1.50	%			21.99	%			21.87	%
2022			3				20.74				20.58				53				0.00	%			1.40	%			1.50	%			(20.57	)%			(20.64	)%
2021			4				26.11				25.93				98				0.03	%			1.40	%			1.50	%			24.63	%			23.07	%
MFS VIT Investors Trust Series, Initial Class
2025			0	*			43.57				43.57				2				1.63	%			1.50	%			1.50	%			11.88	%			11.88	%
2024			0	*			38.95				38.95				2				0.70	%			1.50	%			1.50	%			17.73	%			17.73	%
2023			0	*			33.08				33.08				2				0.73	%			1.50	%			1.50	%			17.21	%			17.21	%
2022			0	*			28.22				28.22				1				0.64	%			1.50	%			1.50	%			(17.72	)%			(17.72	)%
2021			-				34.30				34.30				2				0.64	%			1.50	%			1.50	%			24.93	%			24.93	%
MFS VIT Investors Trust Series, Service Class
2025			3				41.74				40.68				111				0.60	%			1.40	%			1.50	%			11.75	%			11.64	%
2024			3				37.35				36.44				99				0.47	%			1.40	%			1.50	%			17.56	%			17.44	%
2023			3				31.77				31.03				84				0.46	%			1.40	%			1.50	%			17.02	%			16.90	%
2022			3				27.15				26.54				75				0.37	%			1.40	%			1.50	%			(17.84	)%			(17.93	)%
2021			3				33.05				32.34				92				0.42	%			1.40	%			1.50	%			27.36	%			22.07	%
MFS VIT New Discovery Series, Initial Class
2025			0	*			64.03				64.03				21				0.00	%			1.50	%			1.50	%			11.28	%			11.28	%
2024			0	*			57.54				57.54				19				0.00	%			1.50	%			1.50	%			5.13	%			5.13	%
2023			0	*			54.73				54.73				18				0.00	%			1.50	%			1.50	%			12.71	%			12.71	%
2022			0	*			48.56				48.56				17				0.00	%			1.50	%			1.50	%			(30.80	)%			(30.80	)%
2021			-				70.17				70.17				27				0.00	%			1.50	%			1.50	%			0.28	%			0.28	%
MFS VIT New Discovery Series, Service Class
2025			2				37.37				36.42				63				0.00	%			1.40	%			1.50	%			10.99	%			10.88	%
2024			2				33.67				32.85				61				0.00	%			1.40	%			1.50	%			4.95	%			4.84	%
2023			2				32.08				31.33				74				0.00	%			1.40	%			1.50	%			12.67	%			12.56	%
2022			2				28.48				27.84				70				0.00	%			1.40	%			1.50	%			(30.97	)%			(31.04	)%
2021			2				41.25				40.36				99				0.00	%			1.40	%			1.50	%			2.25	%			(1.99	)%

		As of December 31																For the period ended December 31
Subaccount		Units (000's)				Unit Fair Value								Net Assets (000's)				Investment Income Ratio (a)				Expense Ratios (b)								Total Return (c)
						Low				High												Low				High				Low				High
MFS VIT Total Return Series, Service Class
2025			3			$	29.93			$	29.20			$	75				2.56	%			1.40	%			1.50	%			9.37	%			9.26	%
2024			3				27.37				26.73				71				2.29	%			1.40	%			1.50	%			5.96	%			5.85	%
2023			3				25.83				25.25				68				1.97	%			1.40	%			1.50	%			8.69	%			8.58	%
2022			4				23.76				23.25				87				1.44	%			1.40	%			1.50	%			(11.09	)%			(11.18	)%
2021			4				26.73				26.18				108				1.60	%			1.40	%			1.50	%			14.49	%			9.95	%
MFS VIT Utilities Series, Service Class
2025			0	*			45.07				43.97				11				2.75	%			1.40	%			1.50	%			13.16	%			13.05	%
2024			0	*			39.83				38.89				10				2.10	%			1.40	%			1.50	%			9.79	%			9.68	%
2023			0	*			36.28				35.46				9				3.41	%			1.40	%			1.50	%			(3.69	)%			(3.78	)%
2022			0	*			37.66				36.86				10				2.20	%			1.40	%			1.50	%			(0.91	)%			(1.01	)%
2021			-				38.01				37.23				10				1.58	%			1.40	%			1.50	%			14.47	%			9.94	%
Templeton Developing Markets VIP Fund, Class 2
2025			0	*			48.39				47.21				5				0.52	%			1.40	%			1.50	%			44.24	%			44.09	%
2024			0	*			33.55				32.76				3				4.59	%			1.40	%			1.50	%			6.16	%			6.06	%
2023			0	*			31.60				30.89				4				2.07	%			1.40	%			1.50	%			11.06	%			10.95	%
2022			0	*			28.46				27.84				4				2.38	%			1.40	%			1.50	%			(23.07	)%			(23.14	)%
2021			-				36.99				36.23				5				0.98	%			1.40	%			1.50	%			(5.20	)%			(8.95	)%
Templeton Foreign VIP Fund, Class 2
2025			6				21.02				20.46				124				2.20	%			1.40	%			1.50	%			27.40	%			27.27	%
2024			7				16.50				16.08				121				2.40	%			1.40	%			1.50	%			(2.38	)%			(2.48	)%
2023			7				16.90				16.49				123				3.22	%			1.40	%			1.50	%			19.08	%			18.96	%
2022			8				14.19				13.86				106				2.94	%			1.40	%			1.50	%			(8.89	)%			(8.98	)%
2021			8				15.58				15.23				117				1.92	%			1.40	%			1.50	%			4.96	%			0.41	%

		As of December 31																For the period ended December 31
Subaccount		Units (000's)				Unit Fair Value								Net Assets (000's)				Investment Income Ratio (a)				Expense Ratios (b)								Total Return (c)
						Low				High												Low				High				Low				High
Templeton Growth VIP Fund, Class 2
2025			2			$	26.67			$	25.99			$	42				0.87	%			1.40	%			1.50	%			22.11	%			21.98	%
2024			2				21.84				21.31				34				0.83	%			1.40	%			1.50	%			3.93	%			3.83	%
2023			2				21.01				20.52				51				2.94	%			1.40	%			1.50	%			19.33	%			19.21	%
2022			4				17.61				17.21				76				0.15	%			1.40	%			1.50	%			(12.73	)%			(12.80	)%
2021			4				20.18				19.74				87				1.12	%			1.40	%			1.50	%			5.58	%			1.19	%

	* The Subaccount has units and/or dollars that round to less than one thousand.
	(a) These ratios represent the dividends received by the Subaccount, excluding distributions of capital gains, divided by the daily average net assets. These ratios exclude expenses, such as mortality and expense risk fees, that result in direct reductions in the unit values. The recognition of investment income by the Subaccount is affected by the timing of the declaration of dividends by the underlying mutual fund in which the Subaccounts invest.
	(b) These ratios represent the annualized Contract expenses of the respective Subaccounts of the Separate Account, consisting primarily of mortality and expense risk fees, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to Contract owner accounts through the redemption of units and expenses of the underlying mutual fund are excluded.
	(c) These amounts represent the total return for the periods indicated, include changes in the value of the underlying mutual fund, and reflect deductions for all items included in the expense ratio. These amounts are not annualized and represent each Subaccount's total return for the periods during which the Subaccount held investment balances. The total return does not include any expenses addressed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented.

7.

SUBSEQUENT EVENTS

The Separate Account has evaluated the effects of events subsequent to December 31, 2025, and through April 16, 2026, the date at which the financial statements were available to be issued. All accounting and disclosure requirements related to subsequent events are included in our financial statements.