SEC Info - Separate Account A of Pacific Life Insurance Co.

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
Financial Highlights	SA-85
Notes to Financial Statements	SA-104
Report of Independent Registered Public Accounting Firm	SA-114

SEPARATE ACCOUNT A

INVESTMENTS

DECEMBER 31, 2023

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, 2023; and the cost of purchases and proceeds from sales of investments for the year or period ended December 31, 2023, were as follows:

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
Core Income Class I *		3,461,576	$	41,477,974	$	11,525,061	$	8,574,134
Diversified Bond Class I *		17,103,345		172,171,460		18,931,263		33,975,718
Floating Rate Income Class I *		11,428,403		176,376,160		32,650,978		43,035,227
Floating Rate Income Class P *		142,277		2,240,038		1,128,994		181,332
High Yield Bond Class I *		13,491,172		134,235,606		37,660,980		41,499,578
Inflation Managed Class I *		12,744,508		153,783,915		11,506,074		32,317,009
Intermediate Bond Class I *		2,341,903		21,507,167		15,834,752		3,073,946
Managed Bond Class I *		21,394,101		289,276,766		21,341,931		43,344,928
Short Duration Bond Class I *		27,347,097		292,993,680		40,521,326		72,132,358
Emerging Markets Debt Class I *		995,109		12,355,137		1,926,800		3,521,401
Dividend Growth Class I *		12,313,861		460,661,863		48,658,707		60,252,703
Equity Index Class I *		12,887,030		1,578,887,667		165,745,740		214,643,845
Focused Growth Class I *		3,993,662		229,953,503		38,033,296		38,250,879
Growth Class I *		6,385,233		386,396,829		44,962,198		56,437,509
Hedged Equity Class I *		20,204,746		226,722,611		111,366,293		28,882,119
Hedged Equity Class P *		233,933		2,639,095		1,061,804		275,189
Large-Cap Core Class I *		3,878,753		268,643,074		22,422,080		39,876,366
Large-Cap Growth Class I *		11,639,455		258,433,618		29,446,938		50,556,015
Large-Cap Value Class I *		6,701,286		247,320,574		27,843,479		53,788,425
Mid-Cap Equity Class I *		6,745,093		220,025,200		17,198,735		39,626,893
Mid-Cap Growth Class I *		10,824,090		287,470,518		29,739,091		37,882,586
Mid-Cap Value Class I *		3,949,359		116,844,154		22,045,929		22,752,440
Small-Cap Equity Class I *		2,166,018		64,364,575		11,325,787		12,818,165
Small-Cap Growth Class I *		4,576,613		122,467,260		12,109,315		17,918,377
Small-Cap Index Class I *		7,833,760		253,804,368		32,233,015		38,652,868
Small-Cap Value Class I *		4,020,398		110,845,084		14,896,288		20,571,081
Value Class I *		7,875,273		159,046,583		10,081,566		34,119,726
Value Advantage Class I *		3,198,299		82,093,110		11,805,645		26,455,037
Emerging Markets Class I *		8,102,481		146,026,528		20,534,937		27,690,696
International Growth Class I *		403,005		3,565,745		3,194,866		1,499,340
International Large-Cap Class I *		18,234,474		252,789,934		16,917,156		46,397,834
International Small-Cap Class I *		2,807,350		36,241,308		2,447,410		5,889,894
International Value Class I *		7,232,616		122,438,871		15,760,764		26,194,684
Health Sciences Class I *		4,321,766		272,530,434		21,534,270		47,831,125
Real Estate Class I *		3,218,560		108,026,085		8,804,499		18,293,339
Technology Class I *		14,004,841		227,480,435		47,917,123		47,161,461
ESG Diversified Class I *		2,039,860		21,078,363		11,927,716		1,516,733
ESG Diversified Growth Class I *		149,719		1,458,814		880,761		409,821
ESG Diversified Growth Class P *		5,268		51,516		25,193		410
PSF Avantis Balanced Allocation Class D *		18,441,276		301,977,317		9,205,282		43,779,659
PSF Avantis Balanced Allocation Class P *		114,904		1,901,501		159,485		281,494
Pacific Dynamix - Conservative Growth Class I *		21,524,301		426,995,595		20,280,303		88,447,153
Pacific Dynamix - Conservative Growth Class P *		73,434		1,468,976		2,705		328,175
Pacific Dynamix - Moderate Growth Class I *		82,973,334		2,243,811,030		120,819,197		325,646,791
Pacific Dynamix - Moderate Growth Class P *		31,816		867,670		534,539		327,181
Pacific Dynamix - Growth Class I *		49,785,272		1,600,225,259		64,720,274		154,583,342
Pacific Dynamix - Growth Class P *		116,927		3,790,026		3,203,125		524,410
Portfolio Optimization Conservative Class I *		66,928,019		966,645,524		53,591,787		224,695,195
Portfolio Optimization Moderate-Conservative Class I *		83,064,555		1,396,220,896		24,893,044		252,635,918
Portfolio Optimization Moderate Class I *		327,205,589		6,307,568,962		43,915,364		938,984,755
Portfolio Optimization Growth Class I *		269,934,295		5,805,865,311		21,723,003		754,265,418
Portfolio Optimization Aggressive-Growth Class I *		56,183,614		1,284,160,889		9,344,366		157,269,116
Invesco Oppenheimer V.I. International Growth Series I		8,338		16,844		94		70

See Notes to Financial Statements

SA-1

See explanation of symbol on page SA-5

SEPARATE ACCOUNT A

INVESTMENTS (Continued)

DECEMBER 31, 2023

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
Invesco Oppenheimer V.I. International Growth Series II		9,374,041	$	20,060,447	$	8,693,709	$	8,885,863
Invesco® V.I. American Value Series I		3,872		54,134		15,943		953
Invesco® V.I. Balanced-Risk Allocation Series I *		12,424		107,839		20,133		39,582
Invesco® V.I. Balanced-Risk Allocation Series II *		30,436,141		258,098,473		17,589,541		71,132,394
Invesco® V.I. Discovery Mid Cap Growth Series I *		1,678		105,385		52,879		45,101
Invesco® V.I. Equity and Income Series II		3,320,293		54,319,991		9,950,372		11,146,371
Invesco® V.I. EQV International Equity Series I		318		10,825		10,175		60
Invesco® V.I. Global Real Estate Series II		646,546		8,825,355		2,822,400		2,582,561
Invesco® V.I. Global Series II		668,958		23,748,024		10,068,597		7,409,253
Invesco® V.I. Main Street Small Cap Fund® Series I		18,565		499,586		518,979		878,407
Invesco® V.I. Nasdaq 100 Buffer - September Series I		1,540		16,583		692		72,561
Invesco® V.I. Nasdaq 100 Buffer - September Series II		509,791		5,459,861		3,348,836		733,174
Invesco® V.I. Nasdaq 100 Buffer - December Series I *		7,622		71,185		56,617		235
Invesco® V.I. Nasdaq 100 Buffer - December Series II *		545,421		5,072,420		3,266,687		1,549,485
Invesco® V.I. Nasdaq 100 Buffer - March Series I		4,099		41,314		25,422		271
Invesco® V.I. Nasdaq 100 Buffer - March Series II		681,729		6,837,741		6,641,297		1,475,642
Invesco® V.I. Nasdaq 100 Buffer - June Series I		21,449		253,951		258,216		2,293
Invesco® V.I. Nasdaq 100 Buffer - June Series II		448,295		5,285,397		4,193,946		2,377,162
Invesco® V.I. S&P 500 Buffer - September Series I		38,330		416,262		100,197		122,913
Invesco® V.I. S&P 500 Buffer - September Series II		2,951,294		31,903,483		21,220,944		4,483,642
Invesco® V.I. S&P 500 Buffer - December Series I		33,027		348,108		327,275		843
Invesco® V.I. S&P 500 Buffer - December Series II		1,694,336		17,773,583		10,684,990		2,954,735
Invesco® V.I. S&P 500 Buffer - March Series II		1,431,971		15,336,415		9,816,142		5,842,572
Invesco® V.I. S&P 500 Buffer - June Series I		124,893		1,493,717		1,689,550		297,572
Invesco® V.I. S&P 500 Buffer - June Series II		2,147,811		25,580,428		21,926,313		6,535,661
Invesco® V.I. Technology Series I *		51,984		961,702		387,209		238,363
American Century VP Mid Cap Value Class I		38,908		756,369		694,131		73,848
American Century VP Mid Cap Value Class II		4,889,383		95,196,285		27,644,821		25,661,853
American Funds IS American High-Income Trust Class 4		5,477,094		53,401,662		13,864,558		8,410,226
American Funds IS Asset Allocation Class 1		290,507		6,931,495		4,116,113		393,757
American Funds IS Asset Allocation Class 4		148,738,220		3,471,550,065		369,423,376		469,345,997
American Funds IS Capital Income Builder® Class 1		85,720		996,925		160,280		29,547
American Funds IS Capital Income Builder® Class 4		10,866,347		126,049,620		17,352,849		16,171,706
American Funds IS Capital World Bond Class 1 *		20,567		208,962		126,045		76,439
American Funds IS Capital World Bond Class 4 *		2,371,593		23,431,343		3,468,645		2,774,396
American Funds IS Capital World Growth and Income Class 1		42,169		584,037		414,022		34,767
American Funds IS Capital World Growth and Income Class 4		5,738,940		77,246,136		11,239,297		9,272,011
American Funds IS Global Balanced Class 4		6,148,980		74,402,656		17,689,197		10,499,063
American Funds IS Global Growth Class 1		60,476		2,051,350		1,676,017		115,531
American Funds IS Global Growth Class 4		5,071,337		167,759,813		32,158,123		26,993,667
American Funds IS Global Small Capitalization Class 4		2,536,323		44,284,195		6,825,965		6,983,086
American Funds IS Growth Class 1		46,475		4,621,518		3,033,111		1,261,514
American Funds IS Growth Class 4		8,166,878		781,570,248		154,073,560		96,526,528
American Funds IS Growth-Income Class 1		52,290		3,098,728		1,622,210		630,180
American Funds IS Growth-Income Class 4		8,695,175		498,581,356		80,814,211		67,385,293
American Funds IS International Class 1		32,200		563,495		160,267		34,770
American Funds IS International Class 4		5,283,537		90,506,993		9,383,638		15,805,040
American Funds IS International Growth and Income Class 1		32,653		329,794		66,698		89,682
American Funds IS International Growth and Income Class 4		5,754,430		55,645,334		10,024,951		12,986,558
American Funds IS Managed Risk Asset Allocation Class P1		213,878		2,545,147		2,115,194		19,034
American Funds IS Managed Risk Asset Allocation Class P2		15,059,371		173,634,544		38,623,893		24,831,734
American Funds IS New World Fund® Class 1		70,141		1,787,194		782,580		69,797
American Funds IS New World Fund® Class 4		2,887,749		72,049,342		9,156,006		10,684,468
American Funds IS The Bond Fund of America Class 1		422,173		4,027,534		3,070,186		2,075,458
American Funds IS The Bond Fund of America Class 4		16,850,453		157,551,733		38,586,052		15,810,687
American Funds IS U.S. Government Securities Class 1		219,921		2,179,420		2,015,803		563,533
American Funds IS U.S. Government Securities Class 4		5,640,067		55,103,457		23,542,597		26,669,212

See Notes to Financial Statements

SA-2

See explanation of symbol on page SA-5

SEPARATE ACCOUNT A

INVESTMENTS (Continued)

DECEMBER 31, 2023

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
American Funds IS Washington Mutual Investors Class 1		160,904	$	2,331,504	$	1,476,386	$	60,488
American Funds IS Washington Mutual Investors Class 4		16,566,734		232,928,273		38,135,056		33,454,541
BlackRock® 60/40 Target Allocation ETF V.I. Class I		17,773,874		235,503,833		41,059,056		21,878,589
BlackRock® Capital Appreciation V.I. Class III		4,563,299		37,008,351		2,860,342		9,017,481
BlackRock® Equity Dividend V.I. Class I		95,482		1,014,971		327,125		120,542
BlackRock® Global Allocation V.I. Class I		70,585		1,151,248		325,916		352,888
BlackRock® Global Allocation V.I. Class III		90,229,061		1,175,684,663		56,487,836		182,439,588
BlackRock® High Yield V.I. Class I		195,940		1,340,230		751,278		81,940
BlackRock® S&P 500 Index V.I. Class I		69,235		2,049,359		1,545,181		640,370
BlackRock® Small Cap Index V.I. Class I		457,823		5,187,140		1,571,118		392,897
BlackRock® Total Return V.I. Class I		209,150		2,139,599		1,167,102		154,938
Delaware Ivy VIP Asset Strategy Class II		3,516,658		30,805,923		18,512,422		9,563,665
Delaware Ivy VIP Energy Class II		9,334,641		47,606,669		19,654,932		34,075,231
DFA VA Equity Allocation Institutional Class		19,789		280,810		124,882		19,631
DFA VA Global Bond Institutional Class		59,697		579,659		188,414		16,057
DFA VA Global Moderate Allocation Institutional Class		96,444		1,454,371		1,033,395		16,849
DFA VA International Small Institutional Class		55,785		662,729		357,117		70,439
DFA VA International Value Institutional Class		151,507		2,062,013		805,495		267,409
DFA VA Short-Term Fixed Institutional Class		390,746		3,919,187		2,259,336		761,073
DFA VA US Large Value Institutional Class		150,316		4,891,277		2,199,106		405,839
DFA VA US Targeted Value Institutional Class		99,983		2,259,610		1,261,488		111,450
Fidelity® VIP Consumer Discretionary Initial Class		309		10,310		4,702		39
Fidelity® VIP Contrafund® Initial Class		59,810		2,908,541		2,425,199		58,205
Fidelity® VIP Contrafund® Service Class 2		7,670,251		359,197,847		67,972,886		61,533,801
Fidelity® VIP Emerging Markets Initial Class		121,345		1,283,829		706,668		47,529
Fidelity® VIP Energy Initial Class		60,990		1,508,281		1,183,781		335,363
Fidelity® VIP Extended Market Index Initial Class		241,597		3,126,259		1,483,749		101,702
Fidelity® VIP FundsManager® 60% Investor Class		22,800,542		221,165,258		204,499,677		1,995,684
Fidelity® VIP FundsManager® 60% Service Class 2		42,845,450		413,887,043		55,095,812		56,345,708
Fidelity® VIP Government Money Market Initial Class		19,493,359		19,493,359		29,364,943		25,718,694
Fidelity® VIP Government Money Market Service Class		501,909,854		501,909,854		377,508,525		377,829,096
Fidelity® VIP Growth Opportunities Initial Class *		12,336		737,214		376,224		195,712
Fidelity® VIP Index 500 Initial Class		13,128		6,062,279		3,015,303		780,248
Fidelity® VIP Investment Grade Bond Initial Class		339,502		3,792,237		2,624,553		151,132
Fidelity® VIP Strategic Income Service Class 2		8,470,661		87,671,338		20,829,488		17,910,415
Fidelity® VIP Value Strategies Initial Class		82,080		1,358,421		776,458		142,880
First Trust Dorsey Wright Tactical Core Class I		3,191,166		36,506,939		5,058,909		4,996,490
First Trust Multi Income Allocation Class I		1,635,837		18,583,103		4,817,952		4,431,931
First Trust/Dow Jones Dividend & Income Allocation Class I		45,288,105		599,614,504		68,089,141		96,939,126
Franklin Allocation VIP Class 2		4,780,189		23,422,926		1,833,640		2,224,893
Franklin Allocation VIP Class 4		46,553,304		237,421,851		26,577,521		33,008,658
Franklin Income VIP Class 1		25,675		382,819		155,879		6,043
Franklin Income VIP Class 2		4,186,367		59,446,405		18,705,227		17,880,017
Franklin Mutual Global Discovery VIP Class 2		8,239,593		151,443,723		15,854,525		30,953,205
Franklin Mutual Shares VIP Class 1		10,062		158,373		94,630		1,195
Franklin Rising Dividends VIP Class 1		57,799		1,631,672		1,417,034		652,779
Franklin Rising Dividends VIP Class 2		8,787,450		236,646,024		51,543,255		36,588,241
Franklin Small Cap Value VIP Class 1		19,643		278,143		145,026		17,562
Franklin Small-Mid Cap Growth VIP Class 1 *		54,917		936,880		567,301		149,682
Franklin Strategic Income VIP Class 1		90,392		848,779		1,406,904		901,659
Templeton Foreign VIP Class 1		9,965		145,186		108,369		7,589
Templeton Global Bond VIP Class 1 *		28,084		381,094		288,825		25,106
Templeton Global Bond VIP Class 2 *		4,217,508		54,152,798		4,171,849		10,309,802
Goldman Sachs VIT Large Cap Value Institutional Shares		11,671		98,386		430,651		396,380
Goldman Sachs VIT Mid Cap Value Institutional Shares		16,819		269,276		94,809		40,122
Goldman Sachs VIT Strategic Growth Institutional Shares		40,110		502,977		334,333		28,781
Goldman Sachs VIT Trends Driven Allocation Institutional Shares		11,569		132,231		14,564		141,783

See Notes to Financial Statements

SA-3

See explanation of symbol on page SA-5

SEPARATE ACCOUNT A

INVESTMENTS (Continued)

DECEMBER 31, 2023

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
Janus Henderson Balanced Institutional Shares		46,378	$	2,100,013	$	1,112,857	$	1,591,976
Janus Henderson Balanced Service Shares		118,230,763		5,680,988,184		556,228,568		572,507,477
Janus Henderson Enterprise Institutional Shares		11,902		910,778		389,887		151,357
Janus Henderson Flexible Bond Service Shares		2,820,178		31,473,185		6,842,838		5,775,870
LVIP JPMorgan Core Bond Class 1		188,605		1,862,470		1,740,464		54,130
LVIP JPMorgan Mid Cap Value Class 1		16,289		165,711		201,597		571,484
LVIP JPMorgan U.S. Equity Class 1		441		16,608		931		337
ClearBridge Variable Aggressive Growth - Class II		901,449		14,927,991		4,100,843		1,860,060
Western Asset Core Plus VIT Class I		463,772		2,295,672		1,637,616		780,592
Lord Abbett Bond Debenture Class VC		13,000,546		134,165,638		19,906,772		23,720,956
Lord Abbett Total Return Class VC		16,559,146		235,139,870		22,910,991		28,563,481
MFS® International Growth - Initial Class		89,647		1,315,117		710,815		295,770
MFS® Massachusetts Investors Growth Stock - Service Class		3,177,265		70,217,554		4,554,740		12,230,490
MFS® New Discovery Series - Initial Class *		63,823		825,868		213,644		17,945
MFS® Total Return Series - Service Class		19,488,214		441,992,696		75,889,784		76,357,945
MFS® Utilities Series - Initial Class		8,343		269,047		228,879		99,116
MFS® Utilities Series - Service Class		1,800,901		56,800,431		14,699,641		19,932,491
MFS® Value Series - Initial Class		43,042		915,502		761,484		15,660
MFS® Value Series - Service Class		3,623,792		75,048,743		8,339,237		8,897,051
Neuberger Berman U.S. Equity Index PutWrite Strategy Class S *		533,082		5,026,959		1,979,734		1,379,902
TOPS® Aggressive Growth ETF Class 1		22,321		426,337		377,241		1,861
TOPS® Balanced ETF Class 1		10,741		150,595		4,574		67,513
TOPS® Conservative ETF Class 1		21,526		269,500		225,569		283,555
TOPS® Growth ETF Class 1		25,712		477,728		268,560		5,005
TOPS® Managed Risk Balanced ETF Class 1		45,848		620,326		603,516		3,551
TOPS® Managed Risk Growth ETF Class 1		18,540		225,998		205,024		431
TOPS® Moderate Growth ETF Class 1		1,038		15,078		14,602		53,930
PIMCO All Asset - Advisor Class		431,953		3,973,969		732,480		1,442,677
PIMCO CommodityRealReturn® Strategy - Advisor Class		3,437,031		18,766,187		11,376,842		18,083,067
PIMCO Emerging Markets Bond - Institutional Class		17,006		179,409		223,563		335,832
PIMCO Income - Advisor Class		4,275,150		42,537,738		30,082,010		8,643,311
PIMCO Long-Term U.S. Government - Institutional Class		65,876		523,717		404,379		91,374
PIMCO Low Duration - Institutional Class		370,165		3,553,581		2,910,560		113,358
PIMCO Total Return - Institutional Class		273,247		2,508,408		2,177,508		1,238,560
PSF Mid-Cap Growth Class II *		970		24,705		308		1,635
PSF PGIM Jennison Growth Class II *		835		111,138		-		3,228
PSF PGIM Jennison Value Class II *		1,975		96,246		-		5,477
Schwab S&P 500 Index		564,066		39,591,763		18,759,864		5,156,070
Schwab VIT Balanced		4,358,371		59,055,928		4,382,670		8,157,243
Schwab VIT Balanced with Growth		8,412,600		132,414,323		3,634,264		12,687,161
Schwab VIT Growth		8,201,798		148,944,657		3,514,868		12,294,259
State Street Total Return V.I.S. Class 3		19,294,555		284,401,739		18,787,573		41,246,394
T. Rowe Price Blue Chip Growth - I *		37,461		1,730,311		986,857		635,051
T. Rowe Price Equity Income - I		17,842		495,303		219,712		23,994
T. Rowe Price Health Sciences - I		10,919		603,912		286,849		126,340
VanEck VIP Global Resources Class S		838,243		21,308,133		7,893,340		12,511,788
Vanguard® VIF Balanced		648,848		15,111,659		6,089,357		2,430,488
Vanguard® VIF Capital Growth		46,361		2,150,228		1,614,782		1,058,939
Vanguard® VIF Conservative Allocation		253,562		6,197,058		3,406,398		933,112
Vanguard® VIF Diversified Value		83,182		1,300,138		269,296		243,266
Vanguard® VIF Equity Income		144,740		3,460,734		4,088,231		2,877,164
Vanguard® VIF Equity Index		51,755		3,151,355		855,326		242,497
Vanguard® VIF Global Bond Index		81,956		1,524,389		560,331		47,916
Vanguard® VIF Growth		153,954		3,901,204		2,668,569		981,979
Vanguard® VIF High Yield Bond		268,236		1,976,896		1,100,274		148,606
Vanguard® VIF International		62,052		1,524,627		1,139,607		147,626
Vanguard® VIF Mid-Cap Index		290,003		6,939,768		3,304,442		443,138

See Notes to Financial Statements

SA-4

See explanation of symbol on page SA-5

SEPARATE ACCOUNT A

INVESTMENTS (Continued)

DECEMBER 31, 2023

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
Vanguard® VIF Moderate Allocation		604,700	$	17,602,804	$	6,167,477	$	3,756,583
Vanguard® VIF Real Estate Index		196,368		2,340,712		1,152,527		272,378
Vanguard® VIF Short-Term Investment-Grade		649,945		6,700,935		2,924,672		488,732
Vanguard® VIF Total Bond Market Index		1,401,677		14,899,831		9,564,755		2,733,376
Vanguard® VIF Total International Stock Market Index		559,274		11,795,086		4,462,272		901,338
Vanguard® VIF Total Stock Market Index		245,810		12,155,297		4,337,004		1,063,998

* 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

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES

DECEMBER 31, 2023

	Variable Accounts
	Core		Diversified		Floating		Floating		High Yield		Inflation
	Income		Bond		Rate Income		Rate Income		Bond		Managed
	Class I		Class I		Class I		Class P		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	41,477,974	$	172,171,460	$	176,376,160	$	2,240,038	$	134,235,606	$	153,783,915
Receivables:
Due from Pacific Life Insurance Company		97,971		183,262		192,148		-		31,150		60,734
Investments sold		-		-		-		552		-		-
Total Assets		41,575,945		172,354,722		176,568,308		2,240,590		134,266,756		153,844,649
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		-		-		591		-		-
Investments purchased		99,948		182,826		199,326		-		28,691		53,856
Total Liabilities		99,948		182,826		199,326		591		28,691		53,856
NET ASSETS	$	41,475,997	$	172,171,896	$	176,368,982	$	2,239,999	$	134,238,065	$	153,790,793
NET ASSETS CONSIST OF:
Accumulation units		41,425,226		172,067,358		176,177,102		2,239,999		134,079,538		153,678,610
Contracts in payout (annuitization) period		50,771		104,538		191,880		-		158,527		112,183
NET ASSETS	$	41,475,997	$	172,171,896	$	176,368,982	$	2,239,999	$	134,238,065	$	153,790,793
Units Outstanding		3,816,823		15,026,160		13,256,422		195,404		7,595,768		10,538,709
Accumulation Unit Value		$9.31 - $11.65		$8.25 - $15.92		$10.26 - $14.78		$11.43 - $11.48		$10.11 - $31.06		$9.22 - $24.40
Cost of Investments	$	37,912,498	$	145,804,171	$	132,524,415	$	2,028,953	$	66,839,390	$	126,123,355

	Intermediate		Managed		Short Duration		Emerging		Dividend		Equity
	Bond		Bond		Bond		Markets Debt		Growth		Index
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	21,507,167	$	289,276,766	$	292,993,680	$	12,355,137	$	460,661,863	$	1,578,887,667
Receivables:
Due from Pacific Life Insurance Company		73,783		5,278		539,247		1,752		-		-
Investments sold		-		387		-		-		75,341		154,724
Total Assets		21,580,950		289,282,431		293,532,927		12,356,889		460,737,204		1,579,042,391
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		-		-		-		69,686		154,959
Investments purchased		74,547		-		536,839		2,167		-		-
Total Liabilities		74,547		-		536,839		2,167		69,686		154,959
NET ASSETS	$	21,506,403	$	289,282,431	$	292,996,088	$	12,354,722	$	460,667,518	$	1,578,887,432
NET ASSETS CONSIST OF:
Accumulation units		21,502,601		288,962,972		292,840,047		12,348,744		460,199,743		1,578,435,353
Contracts in payout (annuitization) period		3,802		319,459		156,041		5,978		467,775		452,079
NET ASSETS	$	21,506,403	$	289,282,431	$	292,996,088	$	12,354,722	$	460,667,518	$	1,578,887,432
Units Outstanding		2,358,811		19,799,408		28,047,912		1,161,936		16,028,749		52,937,977
Accumulation Unit Value		$8.83 - $10.71		$8.99 - $25.10		$9.35 - $13.14		$9.39 - $12.11		$11.05 - $46.50		$11.26 - $80.78
Cost of Investments	$	20,683,232	$	221,349,586	$	250,044,776	$	9,668,460	$	90,582,909	$	404,076,862

See Notes to Financial Statements

SA-6

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
	Focused				Hedged		Hedged		Large-Cap		Large-Cap
	Growth		Growth		Equity		Equity		Core		Growth
	Class I		Class I		Class I		Class P		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	229,953,503	$	386,396,829	$	226,722,611	$	2,639,095	$	268,643,074	$	258,433,618
Receivables:
Due from Pacific Life Insurance Company		-		-		168,110		-		-		-
Investments sold		62,498		298,483		-		3,696		76,876		119,078
Total Assets		230,016,001		386,695,312		226,890,721		2,642,791		268,719,950		258,552,696
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		58,975		297,916		-		3,745		71,652		114,362
Investments purchased		-		-		171,862		-		-		-
Total Liabilities		58,975		297,916		171,862		3,745		71,652		114,362
NET ASSETS	$	229,957,026	$	386,397,396	$	226,718,859	$	2,639,046	$	268,648,298	$	258,438,334
NET ASSETS CONSIST OF:
Accumulation units		229,885,127		385,854,809		226,718,859		2,639,046		267,541,782		258,006,145
Contracts in payout (annuitization) period		71,899		542,587		-		-		1,106,516		432,189
NET ASSETS	$	229,957,026	$	386,397,396	$	226,718,859	$	2,639,046	$	268,648,298	$	258,438,334
Units Outstanding		6,401,150		8,765,086		20,780,266		241,279		7,087,396		8,226,437
Accumulation Unit Value		$9.92 - $94.22		$10.46 - $99.33		$10.65 - $11.49		$10.90 - $10.94		$10.88 - $59.53		$9.98 - $52.92
Cost of Investments	$	26,688,648	$	81,098,096	$	205,610,394	$	2,331,931	$	47,093,668	$	42,864,147

	Large-Cap		Mid-Cap		Mid-Cap		Mid-Cap		Small-Cap		Small-Cap
	Value		Equity		Growth		Value		Equity		Growth
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	247,320,574	$	220,025,200	$	287,470,518	$	116,844,154	$	64,364,575	$	122,467,260
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		58,409		200,663		222,681		31,127		55,094		72,991
Total Assets		247,378,983		220,225,863		287,693,199		116,875,281		64,419,669		122,540,251
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		52,332		196,865		219,128		28,901		55,215		70,120
Investments purchased		-		-		-		-		-		-
Total Liabilities		52,332		196,865		219,128		28,901		55,215		70,120
NET ASSETS	$	247,326,651	$	220,028,998	$	287,474,071	$	116,846,380	$	64,364,454	$	122,470,131
NET ASSETS CONSIST OF:
Accumulation units		246,975,002		219,800,331		287,306,374		116,659,849		64,336,218		122,303,742
Contracts in payout (annuitization) period		351,649		228,667		167,697		186,531		28,236		166,389
NET ASSETS	$	247,326,651	$	220,028,998	$	287,474,071	$	116,846,380	$	64,364,454	$	122,470,131
Units Outstanding		8,953,459		6,551,245		9,735,449		4,558,144		2,845,253		4,820,542
Accumulation Unit Value		$10.97 - $41.42		$9.46 - $62.22		$8.85 - $43.58		$10.72 - $49.48		$9.34 - $44.42		$7.51 - $36.32
Cost of Investments	$	51,893,387	$	53,098,270	$	48,723,594	$	42,029,007	$	20,900,473	$	28,654,351

See Notes to Financial Statements

SA-7

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
	Small-Cap		Small-Cap				Value		Emerging		International
	Index		Value		Value		Advantage		Markets		Growth
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	253,804,368	$	110,845,084	$	159,046,583	$	82,093,110	$	146,026,528	$	3,565,745
Receivables:
Due from Pacific Life Insurance Company		-		-		12,528		35,621		-		313
Investments sold		177,606		93,603		-		-		22,890		-
Total Assets		253,981,974		110,938,687		159,059,111		82,128,731		146,049,418		3,566,058
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		174,295		91,243		-		-		21,236		-
Investments purchased		-		-		8,448		37,820		-		482
Total Liabilities		174,295		91,243		8,448		37,820		21,236		482
NET ASSETS	$	253,807,679	$	110,847,444	$	159,050,663	$	82,090,911	$	146,028,182	$	3,565,576
NET ASSETS CONSIST OF:
Accumulation units		253,670,741		110,770,942		158,971,050		82,055,732		145,889,213		3,565,576
Contracts in payout (annuitization) period		136,938		76,502		79,613		35,179		138,969		-
NET ASSETS	$	253,807,679	$	110,847,444	$	159,050,663	$	82,090,911	$	146,028,182	$	3,565,576
Units Outstanding		10,895,687		4,345,925		6,909,276		3,927,357		9,100,644		382,358
Accumulation Unit Value		$8.74 - $45.06		$8.56 - $64.41		$10.61 - $31.84		$10.54 - $24.60		$6.79 - $68.40		$8.40 - $11.79
Cost of Investments	$	60,346,049	$	34,245,028	$	40,611,648	$	50,389,507	$	44,653,883	$	3,268,210

	International		International		International		Health		Real
	Large-Cap		Small-Cap		Value		Sciences		Estate		Technology
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	252,789,934	$	36,241,308	$	122,438,871	$	272,530,434	$	108,026,085	$	227,480,435
Receivables:
Due from Pacific Life Insurance Company		-		-		-		186,794		-		-
Investments sold		155,363		48,564		47,070		-		156,545		224,171
Total Assets		252,945,297		36,289,872		122,485,941		272,717,228		108,182,630		227,704,606
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		149,794		46,565		44,741		-		151,661		223,834
Investments purchased		-		-		-		179,738		-		-
Total Liabilities		149,794		46,565		44,741		179,738		151,661		223,834
NET ASSETS	$	252,795,503	$	36,243,307	$	122,441,200	$	272,537,490	$	108,030,969	$	227,480,772
NET ASSETS CONSIST OF:
Accumulation units		252,513,676		36,208,373		122,185,434		272,329,379		107,782,487		227,344,976
Contracts in payout (annuitization) period		281,827		34,934		255,766		208,111		248,482		135,796
NET ASSETS	$	252,795,503	$	36,243,307	$	122,441,200	$	272,537,490	$	108,030,969	$	227,480,772
Units Outstanding		12,446,765		2,311,868		7,929,402		7,121,266		4,108,484		8,121,945
Accumulation Unit Value		$10.18 - $36.79		$11.99 - $23.23		$9.27 - $19.13		$10.20 - $96.90		$10.32 - $68.07		$10.46 - $37.35
Cost of Investments	$	76,391,663	$	12,830,242	$	53,664,087	$	31,947,758	$	21,757,607	$	51,467,804

See Notes to Financial Statements

SA-8

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
					ESG		ESG		PSF Avantis		PSF Avantis
	ESG		ESG		Diversified		Diversified		Balanced		Balanced
	Diversified		Diversified		Growth		Growth		Allocation		Allocation
	Class I		Class P (1)		Class I		Class P		Class D		Class P
ASSETS
Investments in mutual funds, at value	$	21,078,363	$	-	$	1,458,814	$	51,516	$	301,977,317	$	1,901,501
Receivables:
Due from Pacific Life Insurance Company		59,390		-		12,986		-		-		-
Investments sold		-		-		-		74		63,214		933
Total Assets		21,137,753		-		1,471,800		51,590		302,040,531		1,902,434
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		-		-		75		67,972		965
Investments purchased		60,290		-		13,043		-		-		-
Total Liabilities		60,290		-		13,043		75		67,972		965
NET ASSETS	$	21,077,463	$	-	$	1,458,757	$	51,515	$	301,972,559	$	1,901,469
NET ASSETS CONSIST OF:
Accumulation units		21,077,463		-		1,458,757		51,515		301,918,315		1,901,469
Contracts in payout (annuitization) period		-		-		-		-		54,244		-
NET ASSETS	$	21,077,463	$	-	$	1,458,757	$	51,515	$	301,972,559	$	1,901,469
Units Outstanding		2,105,604		-		147,295		4,693		21,287,358		180,635
Accumulation Unit Value		$9.78 - $11.42		See Note (1)		$9.31 - $11.67		$10.98 - $10.98		$9.91 - $15.83		$10.53 - $10.53
Cost of Investments	$	19,617,448	$	-	$	1,316,154	$	44,561	$	213,901,321	$	1,816,805

	Pacific		Pacific		Pacific		Pacific
	Dynamix -		Dynamix -		Dynamix -		Dynamix -		Pacific		Pacific
	Conservative		Conservative		Moderate		Moderate		Dynamix -		Dynamix -
	Growth		Growth		Growth		Growth		Growth		Growth
	Class I		Class P		Class I		Class P		Class I		Class P
ASSETS
Investments in mutual funds, at value	$	426,995,595	$	1,468,976	$	2,243,811,030	$	867,670	$	1,600,225,259	$	3,790,026
Receivables:
Due from Pacific Life Insurance Company		-		-		109,299		-		-		-
Investments sold		494,310		1,755		-		1,029		2,830,463		8,690
Total Assets		427,489,905		1,470,731		2,243,920,329		868,699		1,603,055,722		3,798,716
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		490,571		1,778		-		1,054		2,828,229		8,781
Investments purchased		-		-		107,760		-		-		-
Total Liabilities		490,571		1,778		107,760		1,054		2,828,229		8,781
NET ASSETS	$	426,999,334	$	1,468,953	$	2,243,812,569	$	867,645	$	1,600,227,493	$	3,789,935
NET ASSETS CONSIST OF:
Accumulation units		426,473,235		1,468,953		2,243,021,552		867,645		1,599,541,355		3,789,935
Contracts in payout (annuitization) period		526,099		-		791,017		-		686,138		-
NET ASSETS	$	426,999,334	$	1,468,953	$	2,243,812,569	$	867,645	$	1,600,227,493	$	3,789,935
Units Outstanding		27,522,993		148,609		130,199,517		84,281		77,184,354		357,396
Accumulation Unit Value		$9.55 - $22.75		$9.86 - $9.91		$9.69 - $28.76		$10.27 - $10.31		$9.95 - $35.31		$10.60 - $10.60
Cost of Investments	$	247,762,451	$	1,420,817	$	1,126,119,784	$	781,608	$	957,095,446	$	3,532,762

(1) All units were fully redeemed or transferred prior to December 31, 2023 (See Financial Highlights for date of full redemption).

See Notes to Financial Statements

SA-9

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
			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	$	966,645,524	$	1,396,220,896	$	6,307,568,962	$	5,805,865,311	$	1,284,160,889	$	16,844
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		650,047		958,782		4,335,780		3,819,030		169,386		-
Total Assets		967,295,571		1,397,179,678		6,311,904,742		5,809,684,341		1,284,330,275		16,844
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		639,499		950,257		4,323,249		3,806,810		163,145		1
Investments purchased		-		-		-		-		-		-
Total Liabilities		639,499		950,257		4,323,249		3,806,810		163,145		1
NET ASSETS	$	966,656,072	$	1,396,229,421	$	6,307,581,493	$	5,805,877,531	$	1,284,167,130	$	16,843
NET ASSETS CONSIST OF:
Accumulation units		964,509,106		1,394,303,886		6,301,365,005		5,801,594,849		1,283,505,277		16,843
Contracts in payout (annuitization) period		2,146,966		1,925,535		6,216,488		4,282,682		661,853		-
NET ASSETS	$	966,656,072	$	1,396,229,421	$	6,307,581,493	$	5,805,877,531	$	1,284,167,130	$	16,843
Units Outstanding		79,267,462		97,836,295		387,315,028		320,817,888		67,046,157		1,821
Accumulation Unit Value		$9.28 - $14.20		$9.43 - $16.47		$9.63 - $19.03		$9.63 - $21.71		$11.63 - $23.66		$9.25 - $9.25
Cost of Investments	$	653,107,393	$	805,417,327	$	3,133,290,057	$	2,550,594,907	$	523,799,235	$	24,438

	Invesco
	Oppenheimer								Invesco V.I.
	V.I.		Invesco V.I.		Invesco V.I.		Invesco V.I.		Discovery		Invesco 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	$	20,060,447	$	54,134	$	107,839	$	258,098,473	$	105,385	$	54,319,991
Receivables:
Due from Pacific Life Insurance Company		-		-		-		50,577		-		19,657
Investments sold		3,988		174		190		-		57		-
Total Assets		20,064,435		54,308		108,029		258,149,050		105,442		54,339,648
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		4,735		176		193		-		66		-
Investments purchased		-		-		-		44,392		-		22,544
Total Liabilities		4,735		176		193		44,392		66		22,544
NET ASSETS	$	20,059,700	$	54,132	$	107,836	$	258,104,658	$	105,376	$	54,317,104
NET ASSETS CONSIST OF:
Accumulation units		20,028,310		54,132		107,836		258,083,987		105,376		54,317,104
Contracts in payout (annuitization) period		31,390		-		-		20,671		-		-
NET ASSETS	$	20,059,700	$	54,132	$	107,836	$	258,104,658	$	105,376	$	54,317,104
Units Outstanding		1,494,252		4,085		11,297		17,549,263		12,491		3,357,286
Accumulation Unit Value		$8.83 - $15.35		$13.24 - $13.30		$9.51 - $9.55		$9.06 - $23.68		$8.41 - $8.44		$10.23 - $18.13
Cost of Investments	$	18,547,333	$	61,716	$	114,934	$	292,930,993	$	98,942	$	53,411,024

See Notes to Financial Statements

SA-10

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
	Invesco V.I.								Invesco V.I.		Invesco V.I.
	EQV		Invesco V.I.				Invesco V.I.		Nasdaq 100		Nasdaq 100
	International		Global		Invesco V.I.		Main Street		Buffer -		Buffer -
	Equity		Real Estate		Global		Small Cap Fund		September		September
	Series I		Series II		Series II		Series I		Series I		Series II
ASSETS
Investments in mutual funds, at value	$	10,825	$	8,825,355	$	23,748,024	$	499,586	$	16,583	$	5,459,861
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		8,629
Investments sold		8		3,254		75,381		457		11		-
Total Assets		10,833		8,828,609		23,823,405		500,043		16,594		5,468,490
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		9		3,778		76,332		470		11		-
Investments purchased		-		-		-		-		-		8,862
Total Liabilities		9		3,778		76,332		470		11		8,862
NET ASSETS	$	10,824	$	8,824,831	$	23,747,073	$	499,573	$	16,583	$	5,459,628
NET ASSETS CONSIST OF:
Accumulation units		10,824		8,824,831		23,729,449		499,573		16,583		5,459,628
Contracts in payout (annuitization) period		-		-		17,624		-		-		-
NET ASSETS	$	10,824	$	8,824,831	$	23,747,073	$	499,573	$	16,583	$	5,459,628
Units Outstanding		1,129		873,695		1,326,401		46,772		1,496		478,730
Accumulation Unit Value		$9.59 - $9.59		$8.70 - $11.74		$9.46 - $20.59		$10.65 - $10.69		$11.08 - $11.08		$10.72 - $12.50
Cost of Investments	$	10,116	$	8,829,248	$	22,461,738	$	426,193	$	12,947	$	4,884,181

	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 -
	December		December		March		March		June		June
	Series I		Series II		Series I		Series II		Series I		Series II
ASSETS
Investments in mutual funds, at value	$	71,185	$	5,072,420	$	41,314	$	6,837,741	$	253,951	$	5,285,397
Receivables:
Due from Pacific Life Insurance Company		-		245,692		-		-		-		-
Investments sold		141		-		46		67,747		565		105,029
Total Assets		71,326		5,318,112		41,360		6,905,488		254,516		5,390,426
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		142		-		48		68,204		568		105,422
Investments purchased		-		245,892		-		-		-		-
Total Liabilities		142		245,892		48		68,204		568		105,422
NET ASSETS	$	71,184	$	5,072,220	$	41,312	$	6,837,284	$	253,948	$	5,285,004
NET ASSETS CONSIST OF:
Accumulation units		71,184		5,072,220		41,312		6,837,284		253,948		5,285,004
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	71,184	$	5,072,220	$	41,312	$	6,837,284	$	253,948	$	5,285,004
Units Outstanding		7,690		539,331		3,727		618,802		19,181		406,713
Accumulation Unit Value		$9.26 - $9.26		$9.03 - $11.36		$11.09 - $11.09		$10.83 - $12.77		$13.24 - $13.24		$12.79 - $13.22
Cost of Investments	$	69,790	$	4,634,433	$	38,326	$	6,423,203	$	255,891	$	5,056,884

See Notes to Financial Statements

SA-11

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
	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 -
	September		September		December		December		March		June
	Series I		Series II		Series I		Series II		Series II		Series I
ASSETS
Investments in mutual funds, at value	$	416,262	$	31,903,483	$	348,108	$	17,773,583	$	15,336,415	$	1,493,717
Receivables:
Due from Pacific Life Insurance Company		-		5,000		-		2,988,732		-		-
Investments sold		606		-		146		-		2,220,017		3,561
Total Assets		416,868		31,908,483		348,254		20,762,315		17,556,432		1,497,278
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		611		-		151		-		2,221,156		3,582
Investments purchased		-		6,727		-		2,989,196		-		-
Total Liabilities		611		6,727		151		2,989,196		2,221,156		3,582
NET ASSETS	$	416,257	$	31,901,756	$	348,103	$	17,773,119	$	15,335,276	$	1,493,696
NET ASSETS CONSIST OF:
Accumulation units		416,257		31,901,756		348,103		17,773,119		15,335,276		1,493,696
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	416,257	$	31,901,756	$	348,103	$	17,773,119	$	15,335,276	$	1,493,696
Units Outstanding		36,956		2,789,195		33,148		1,668,898		1,383,642		124,235
Accumulation Unit Value		$11.23 - $11.27		$10.91 - $12.04		$10.50 - $10.50		$10.20 - $11.91		$10.72 - $12.13		$12.02 - $12.02
Cost of Investments	$	373,673	$	29,026,243	$	326,435	$	16,590,868	$	14,046,655	$	1,392,639

									American
	Invesco V.I.				American		American		Funds
	S&P 500				Century		Century		IS American		American Funds
	Buffer -		Invesco V.I.		VP Mid Cap		VP Mid Cap		High-Income		IS Asset
	June		Technology		Value		Value		Trust		Allocation
	Series II		Series I		Class I		Class II		Class 4		Class 1
ASSETS
Investments in mutual funds, at value	$	25,580,428	$	961,702	$	756,369	$	95,196,285	$	53,401,662	$	6,931,495
Receivables:
Due from Pacific Life Insurance Company		-		48,506		-		39,466		-		-
Investments sold		261,219		-		630		-		16,237		8,574
Total Assets		25,841,647		1,010,208		756,999		95,235,751		53,417,899		6,940,069
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		262,421		-		644		-		17,590		8,693
Investments purchased		-		48,527		-		39,962		-		-
Total Liabilities		262,421		48,527		644		39,962		17,590		8,693
NET ASSETS	$	25,579,226	$	961,681	$	756,355	$	95,195,789	$	53,400,309	$	6,931,376
NET ASSETS CONSIST OF:
Accumulation units		25,579,226		961,681		756,355		95,166,428		53,387,679		6,931,376
Contracts in payout (annuitization) period		-		-		-		29,361		12,630		-
NET ASSETS	$	25,579,226	$	961,681	$	756,355	$	95,195,789	$	53,400,309	$	6,931,376
Units Outstanding		2,160,557		104,684		61,926		4,473,802		3,923,283		629,767
Accumulation Unit Value		$11.75 - $12.00		$9.17 - $9.21		$12.17 - $12.22		$10.51 - $27.83		$10.17 - $14.85		$10.98 - $11.02
Cost of Investments	$	23,641,976	$	749,707	$	780,742	$	88,208,715	$	54,343,372	$	6,766,783

See Notes to Financial Statements

SA-12

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
											American Funds
	American		American		American		American		American		IS Capital
	Funds		Funds		Funds		Funds		Funds		World
	IS Asset		IS Capital		IS Capital		IS Capital		IS Capital		Growth and
	Allocation		Income Builder		Income Builder		World Bond		World Bond		Income
	Class 4		Class 1		Class 4		Class 1		Class 4		Class 1
ASSETS
Investments in mutual funds, at value	$	3,471,550,065	$	996,925	$	126,049,620	$	208,962	$	23,431,343	$	584,037
Receivables:
Due from Pacific Life Insurance Company		-		-		62,728		-		-		-
Investments sold		1,608,509		1,705		-		404		21,685		800
Total Assets		3,473,158,574		998,630		126,112,348		209,366		23,453,028		584,837
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		1,609,033		1,727		-		414		22,666		811
Investments purchased		-		-		65,736		-		-		-
Total Liabilities		1,609,033		1,727		65,736		414		22,666		811
NET ASSETS	$	3,471,549,541	$	996,903	$	126,046,612	$	208,952	$	23,430,362	$	584,026
NET ASSETS CONSIST OF:
Accumulation units		3,470,938,090		996,903		125,996,170		208,952		23,408,097		584,026
Contracts in payout (annuitization) period		611,451		-		50,442		-		22,265		-
NET ASSETS	$	3,471,549,541	$	996,903	$	126,046,612	$	208,952	$	23,430,362	$	584,026
Units Outstanding		223,036,905		88,444		9,412,385		25,120		2,475,017		53,099
Accumulation Unit Value		$9.98 - $18.10		$11.26 - $11.31		$10.20 - $14.77		$8.31 - $8.34		$8.24 - $10.30		$10.95 - $11.00
Cost of Investments	$	3,147,482,378	$	987,490	$	106,321,857	$	203,727	$	25,987,769	$	520,914

	American
	Funds
	IS Capital		American		American		American
	World		Funds		Funds		Funds		American Funds
	Growth and		IS Global		IS Global		IS Global		IS Global Small		American Funds
	Income		Balanced		Growth		Growth		Capitalization		IS Growth
	Class 4		Class 4		Class 1		Class 4		Class 4		Class 1
ASSETS
Investments in mutual funds, at value	$	77,246,136	$	74,402,656	$	2,051,350	$	167,759,813	$	44,284,195	$	4,621,518
Receivables:
Due from Pacific Life Insurance Company		87,478		1,178		-		-		-		-
Investments sold		-		-		1,817		52,971		55,381		3,943
Total Assets		77,333,614		74,403,834		2,053,167		167,812,784		44,339,576		4,625,461
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		-		1,860		56,236		57,151		4,032
Investments purchased		89,119		2,946		-		-		-		-
Total Liabilities		89,119		2,946		1,860		56,236		57,151		4,032
NET ASSETS	$	77,244,495	$	74,400,888	$	2,051,307	$	167,756,548	$	44,282,425	$	4,621,429
NET ASSETS CONSIST OF:
Accumulation units		77,187,261		74,387,320		2,051,307		167,581,254		44,267,959		4,621,429
Contracts in payout (annuitization) period		57,234		13,568		-		175,294		14,466		-
NET ASSETS	$	77,244,495	$	74,400,888	$	2,051,307	$	167,756,548	$	44,282,425	$	4,621,429
Units Outstanding		4,517,293		5,057,397		206,728		7,828,343		2,941,506		421,383
Accumulation Unit Value		$10.10 - $18.60		$9.85 - $15.67		$9.89 - $9.93		$9.53 - $24.80		$7.79 - $16.21		$10.94 - $10.99
Cost of Investments	$	74,969,660	$	73,379,896	$	1,942,319	$	141,610,125	$	48,451,873	$	3,852,544

See Notes to Financial Statements

SA-13

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
											American Funds
			American		American		American		American		IS
	American		Funds		Funds		Funds		Funds		International
	Funds		IS		IS		IS		IS		Growth and
	IS Growth		Growth-Income		Growth-Income		International		International		Income
	Class 4		Class 1		Class 4		Class 1		Class 4		Class 1
ASSETS
Investments in mutual funds, at value	$	781,570,248	$	3,098,728	$	498,581,356	$	563,495	$	90,506,993	$	329,794
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		249,709		4,317		242,093		630		49,718		362
Total Assets		781,819,957		3,103,045		498,823,449		564,125		90,556,711		330,156
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		252,005		4,364		245,837		639		52,165		368
Investments purchased		-		-		-		-		-		-
Total Liabilities		252,005		4,364		245,837		639		52,165		368
NET ASSETS	$	781,567,952	$	3,098,681	$	498,577,612	$	563,486	$	90,504,546	$	329,788
NET ASSETS CONSIST OF:
Accumulation units		781,138,057		3,098,681		498,291,730		563,486		90,498,405		329,788
Contracts in payout (annuitization) period		429,895		-		285,882		-		6,141		-
NET ASSETS	$	781,567,952	$	3,098,681	$	498,577,612	$	563,486	$	90,504,546	$	329,788
Units Outstanding		29,710,243		247,905		23,525,151		65,497		7,394,707		33,159
Accumulation Unit Value		$10.45 - $34.82		$12.46 - $12.51		$11.16 - $25.14		$8.57 - $8.61		$8.19 - $14.02		$9.91 - $9.95
Cost of Investments	$	590,874,293	$	2,846,165	$	396,972,931	$	541,577	$	93,069,187	$	290,623

	American		American		American
	Funds		Funds		Funds
	IS International		IS Managed		IS Managed		American		American		American Funds
	Growth		Risk		Risk		Funds IS		Funds IS		IS The Bond
	and		Asset		Asset		New World		New World		Fund
	Income		Allocation		Allocation		Fund		Fund		of America
	Class 4		Class P1		Class P2		Class 1		Class 4		Class 1
ASSETS
Investments in mutual funds, at value	$	55,645,334	$	2,545,147	$	173,634,544	$	1,787,194	$	72,049,342	$	4,027,534
Receivables:
Due from Pacific Life Insurance Company		2,133		-		81,006		-		37,418		39,761
Investments sold		-		2,399		-		2,132		-		-
Total Assets		55,647,467		2,547,546		173,715,550		1,789,326		72,086,760		4,067,295
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		2,430		-		2,169		-		-
Investments purchased		4,254		-		83,189		-		39,091		39,925
Total Liabilities		4,254		2,430		83,189		2,169		39,091		39,925
NET ASSETS	$	55,643,213	$	2,545,116	$	173,632,361	$	1,787,157	$	72,047,669	$	4,027,370
NET ASSETS CONSIST OF:
Accumulation units		55,635,316		2,545,116		173,612,538		1,787,157		72,005,182		4,027,370
Contracts in payout (annuitization) period		7,897		-		19,823		-		42,487		-
NET ASSETS	$	55,643,213	$	2,545,116	$	173,632,361	$	1,787,157	$	72,047,669	$	4,027,370
Units Outstanding		4,519,194		245,506		13,196,150		204,189		5,168,549		440,932
Accumulation Unit Value		$9.24 - $14.70		$10.37 - $10.37		$9.55 - $15.74		$8.72 - $8.76		$8.35 - $16.40		$9.10 - $9.14
Cost of Investments	$	59,709,713	$	2,378,388	$	177,334,891	$	1,841,253	$	61,939,798	$	4,063,838

See Notes to Financial Statements

SA-14

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
	American						American		American
	Funds		American		American		Funds		Funds		BlackRock
	IS The		Funds IS		Funds IS		IS Washington		IS Washington		60/40 Target
	Bond Fund		U.S. Government		U.S. Government		Mutual		Mutual		Allocation
	of America		Securities		Securities		Investors		Investors		ETF
	Class 4		Class 1		Class 4		Class 1		Class 4		V.I. Class I
ASSETS
Investments in mutual funds, at value	$	157,551,733	$	2,179,420	$	55,103,457	$	2,331,504	$	232,928,273	$	235,503,833
Receivables:
Due from Pacific Life Insurance Company		105,337		-		96,600		-		-		-
Investments sold		-		2,405		-		1,240		55,380		26,695
Total Assets		157,657,070		2,181,825		55,200,057		2,332,744		232,983,653		235,530,528
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		2,434		-		1,277		62,164		31,926
Investments purchased		108,960		-		98,267		-		-		-
Total Liabilities		108,960		2,434		98,267		1,277		62,164		31,926
NET ASSETS	$	157,548,110	$	2,179,391	$	55,101,790	$	2,331,467	$	232,921,489	$	235,498,602
NET ASSETS CONSIST OF:
Accumulation units		157,492,430		2,179,391		55,036,647		2,331,467		232,709,527		235,498,602
Contracts in payout (annuitization) period		55,680		-		65,143		-		211,962		-
NET ASSETS	$	157,548,110	$	2,179,391	$	55,101,790	$	2,331,467	$	232,921,489	$	235,498,602
Units Outstanding		15,166,378		238,901		5,550,825		180,346		12,315,139		15,889,811
Accumulation Unit Value		$8.99 - $10.95		$9.12 - $9.12		$8.97 - $10.76		$12.90 - $12.96		$11.17 - $21.33		$9.98 - $16.75
Cost of Investments	$	173,524,303	$	2,215,323	$	59,149,955	$	2,201,338	$	209,323,178	$	217,672,591

	BlackRock		BlackRock		BlackRock		BlackRock
	Capital		Equity		Global		Global		BlackRock		BlackRock
	Appreciation		Dividend		Allocation		Allocation		High Yield		S&P 500 Index
	V.I. Class III		V.I. Class I		V.I. Class I		V.I. Class III		V.I. Class I		V.I. Class I
ASSETS
Investments in mutual funds, at value	$	37,008,351	$	1,014,971	$	1,151,248	$	1,175,684,663	$	1,340,230	$	2,049,359
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		58,814		1,404		1,737		861,005		1,065		3,145
Total Assets		37,067,165		1,016,375		1,152,985		1,176,545,668		1,341,295		2,052,504
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		57,995		1,422		1,762		849,415		1,099		3,185
Investments purchased		-		-		-		-		-		-
Total Liabilities		57,995		1,422		1,762		849,415		1,099		3,185
NET ASSETS	$	37,009,170	$	1,014,953	$	1,151,223	$	1,175,696,253	$	1,340,196	$	2,049,319
NET ASSETS CONSIST OF:
Accumulation units		36,962,645		1,014,953		1,151,223		1,174,834,067		1,340,196		2,049,319
Contracts in payout (annuitization) period		46,525		-		-		862,186		-		-
NET ASSETS	$	37,009,170	$	1,014,953	$	1,151,223	$	1,175,696,253	$	1,340,196	$	2,049,319
Units Outstanding		834,572		82,604		119,242		77,197,037		128,490		163,316
Accumulation Unit Value		$36.21 - $50.39		$12.24 - $12.29		$9.61 - $9.65		$9.15 - $18.95		$10.39 - $10.43		$12.51 - $12.56
Cost of Investments	$	32,911,752	$	1,020,007	$	1,054,307	$	1,055,376,892	$	1,284,120	$	1,876,205

See Notes to Financial Statements

SA-15

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
									DFA VA
	BlackRock				Delaware Ivy				Equity		DFA VA
	Small		BlackRock		VIP Asset		Delaware Ivy		Allocation		Global Bond
	Cap Index		Total Return		Strategy		VIP Energy		Institutional		Institutional
	V.I. Class I		V.I. Class I		Class II		Class II		Class		Class
ASSETS
Investments in mutual funds, at value	$	5,187,140	$	2,139,599	$	30,805,923	$	47,606,669	$	280,810	$	579,659
Receivables:
Due from Pacific Life Insurance Company		57,966		42,754		8,000		-		-		2,223
Investments sold		-		-		-		7,854		324		-
Total Assets		5,245,106		2,182,353		30,813,923		47,614,523		281,134		581,882
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		-		-		7,984		329		-
Investments purchased		58,039		42,786		9,403		-		-		2,233
Total Liabilities		58,039		42,786		9,403		7,984		329		2,233
NET ASSETS	$	5,187,067	$	2,139,567	$	30,804,520	$	47,606,539	$	280,805	$	579,649
NET ASSETS CONSIST OF:
Accumulation units		5,187,067		2,139,567		30,802,704		47,606,539		280,805		579,649
Contracts in payout (annuitization) period		-		-		1,816		-		-		-
NET ASSETS	$	5,187,067	$	2,139,567	$	30,804,520	$	47,606,539	$	280,805	$	579,649
Units Outstanding		575,569		239,965		2,651,983		6,484,444		23,540		60,389
Accumulation Unit Value		$8.98 - $9.02		$8.88 - $8.92		$9.72 - $16.49		$6.65 - $15.89		$11.89 - $11.95		$9.57 - $9.61
Cost of Investments	$	5,003,770	$	2,106,382	$	29,061,081	$	19,616,299	$	282,585	$	604,355

	DFA VA
	Global		DFA VA		DFA VA		DFA VA		DFA VA		DFA VA US
	Moderate		International		International		Short-Term		US Large		Targeted
	Allocation		Small		Value		Fixed		Value		Value
	Institutional		Institutional		Institutional		Institutional		Institutional		Institutional
	Class		Class		Class		Class		Class		Class
ASSETS
Investments in mutual funds, at value	$	1,454,371	$	662,729	$	2,062,013	$	3,919,187	$	4,891,277	$	2,259,610
Receivables:
Due from Pacific Life Insurance Company		-		9,998		-		-		-		-
Investments sold		779		-		2,611		3,294		5,674		4,588
Total Assets		1,455,150		672,727		2,064,624		3,922,481		4,896,951		2,264,198
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		800		-		2,645		3,347		5,768		4,627
Investments purchased		-		10,008		-		-		-		-
Total Liabilities		800		10,008		2,645		3,347		5,768		4,627
NET ASSETS	$	1,454,350	$	662,719	$	2,061,979	$	3,919,134	$	4,891,183	$	2,259,571
NET ASSETS CONSIST OF:
Accumulation units		1,454,350		662,719		2,061,979		3,919,134		4,891,183		2,259,571
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	1,454,350	$	662,719	$	2,061,979	$	3,919,134	$	4,891,183	$	2,259,571
Units Outstanding		131,468		65,632		163,448		383,680		392,941		164,062
Accumulation Unit Value		$11.02 - $11.07		$10.07 - $10.11		$12.58 - $12.63		$10.18 - $10.22		$12.40 - $12.46		$13.74 - $13.80
Cost of Investments	$	1,415,615	$	649,496	$	1,958,319	$	3,933,865	$	4,649,021	$	2,175,008

See Notes to Financial Statements

SA-16

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
											Fidelity VIP
	Fidelity VIP						Fidelity VIP				Extended
	Consumer		Fidelity VIP		Fidelity VIP		Emerging		Fidelity VIP		Market
	Discretionary		Contrafund		Contrafund		Markets		Energy		Index
	Initial Class		Initial Class		Service Class 2		Initial Class		Initial Class		Initial Class
ASSETS
Investments in mutual funds, at value	$	10,310	$	2,908,541	$	359,197,847	$	1,283,829	$	1,508,281	$	3,126,259
Receivables:
Due from Pacific Life Insurance Company		-		-		-		19,823		-		-
Investments sold		7		3,185		111,640		-		1,699		3,071
Total Assets		10,317		2,911,726		359,309,487		1,303,652		1,509,980		3,129,330
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		8		3,239		114,637		-		1,721		3,115
Investments purchased		-		-		-		19,844		-		-
Total Liabilities		8		3,239		114,637		19,844		1,721		3,115
NET ASSETS	$	10,309	$	2,908,487	$	359,194,850	$	1,283,808	$	1,508,259	$	3,126,215
NET ASSETS CONSIST OF:
Accumulation units		10,309		2,908,487		359,134,903		1,283,808		1,508,259		3,126,215
Contracts in payout (annuitization) period		-		-		59,947		-		-		-
NET ASSETS	$	10,309	$	2,908,487	$	359,194,850	$	1,283,808	$	1,508,259	$	3,126,215
Units Outstanding		1,004		245,152		12,901,467		168,540		68,387		306,987
Accumulation Unit Value		$10.26 - $10.26		$11.84 - $11.89		$11.07 - $35.71		$7.59 - $7.62		$21.98 - $22.07		$10.15 - $10.20
Cost of Investments	$	8,399	$	2,806,972	$	254,223,744	$	1,241,469	$	1,419,927	$	2,974,510

									Fidelity VIP
	Fidelity VIP		Fidelity VIP		Fidelity VIP		Fidelity VIP		Government		Fidelity VIP
	FundsManager		FundsManager		Government		Government		Money		Growth
	60%		60%		Money Market		Money Market		Market		Opportunities
	Investor Class		Service Class 2		Initial Class		Investor Class (1)		Service Class		Initial Class
ASSETS
Investments in mutual funds, at value	$	221,165,258	$	413,887,043	$	19,493,359	$	-	$	501,909,854	$	737,214
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		27,610		25,758		147,582		-		1,018,084		1,266
Total Assets		221,192,868		413,912,801		19,640,941		-		502,927,938		738,480
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		27,774		23,488		147,918		-		1,021,747		1,283
Investments purchased		-		-		-		-		-		-
Total Liabilities		27,774		23,488		147,918		-		1,021,747		1,283
NET ASSETS	$	221,165,094	$	413,889,313	$	19,493,023	$	-	$	501,906,191	$	737,197
NET ASSETS CONSIST OF:
Accumulation units		221,165,094		413,789,838		19,493,023		-		501,542,810		737,197
Contracts in payout (annuitization) period		-		99,475		-		-		363,381		-
NET ASSETS	$	221,165,094	$	413,889,313	$	19,493,023	$	-	$	501,906,191	$	737,197
Units Outstanding		20,014,280		25,961,292		1,856,418		-		50,620,358		82,650
Accumulation Unit Value		$11.05 - $11.05		$9.77 - $21.06		$10.46 - $10.50		See Note (1)		$9.15 - $10.86		$8.89 - $8.92
Cost of Investments	$	207,828,779	$	422,064,649	$	19,493,359	$	-	$	501,909,854	$	571,469

(1) All units were fully redeemed or transferred prior to December 31, 2023 (See Financial Highlights for date of full redemption).

See Notes to Financial Statements

SA-17

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
			Fidelity VIP						First Trust
			Investment		Fidelity VIP		Fidelity VIP		Dorsey Wright		First Trust
	Fidelity VIP		Grade		Strategic		Value		Tactical		Multi Income
	Index 500		Bond		Income		Strategies		Core		Allocation
	Initial Class		Initial Class		Service Class 2		Initial Class		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	6,062,279	$	3,792,237	$	87,671,338	$	1,358,421	$	36,506,939	$	18,583,103
Receivables:
Due from Pacific Life Insurance Company		-		87,704		104,904		-		-		-
Investments sold		4,837		-		-		886		4,477		-
Total Assets		6,067,116		3,879,941		87,776,242		1,359,307		36,511,416		18,583,103
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		4,961		-		-		920		5,061		123
Investments purchased		-		87,782		107,013		-		-		688
Total Liabilities		4,961		87,782		107,013		920		5,061		811
NET ASSETS	$	6,062,155	$	3,792,159	$	87,669,229	$	1,358,387	$	36,506,355	$	18,582,292
NET ASSETS CONSIST OF:
Accumulation units		6,062,155		3,792,159		87,669,229		1,358,387		36,506,355		18,567,029
Contracts in payout (annuitization) period		-		-		-		-		-		15,263
NET ASSETS	$	6,062,155	$	3,792,159	$	87,669,229	$	1,358,387	$	36,506,355	$	18,582,292
Units Outstanding		483,592		415,819		7,377,965		100,762		2,710,981		1,428,158
Accumulation Unit Value		$12.51 - $12.56		$9.08 - $9.12		$9.52 - $13.01		$13.46 - $13.52		$9.15 - $15.22		$10.85 - $14.60
Cost of Investments	$	5,314,186	$	3,776,019	$	91,101,867	$	1,270,547	$	33,715,045	$	17,122,759

	First
	Trust/Dow
	Jones
	Dividend &										Franklin
	Income		Franklin		Franklin		Franklin		Franklin		Mutual Global
	Allocation		Allocation		Allocation		Income		Income		Discovery
	Class I		VIP Class 2		VIP Class 4		VIP Class 1		VIP Class 2		VIP Class 2
ASSETS
Investments in mutual funds, at value	$	599,614,504	$	23,422,926	$	237,421,851	$	382,819	$	59,446,405	$	151,443,723
Receivables:
Due from Pacific Life Insurance Company		3,212		-		-		-		247,335		-
Investments sold		-		1,855		162,626		799		-		119,824
Total Assets		599,617,716		23,424,781		237,584,477		383,618		59,693,740		151,563,547
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		-		2,303		159,143		805		-		118,046
Investments purchased		2,574		-		-		-		249,353		-
Total Liabilities		2,574		2,303		159,143		805		249,353		118,046
NET ASSETS	$	599,615,142	$	23,422,478	$	237,425,334	$	382,813	$	59,444,387	$	151,445,501
NET ASSETS CONSIST OF:
Accumulation units		599,376,240		23,415,754		237,342,636		382,813		59,444,387		151,375,455
Contracts in payout (annuitization) period		238,902		6,724		82,698		-		-		70,046
NET ASSETS	$	599,615,142	$	23,422,478	$	237,425,334	$	382,813	$	59,444,387	$	151,445,501
Units Outstanding		36,476,228		1,139,819		15,280,760		32,893		4,437,445		7,152,250
Accumulation Unit Value		$9.80 - $21.15		$18.22 - $21.86		$9.79 - $19.79		$11.59 - $11.64		$10.51 - $14.79		$11.17 - $25.76
Cost of Investments	$	540,975,584	$	26,037,678	$	236,499,785	$	402,942	$	59,328,380	$	135,666,541

See Notes to Financial Statements

SA-18

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
			Franklin		Franklin		Franklin		Franklin		Franklin
	Franklin		Rising		Rising		Small Cap		Small-Mid		Strategic
	Mutual Shares		Dividends		Dividends		Value		Cap Growth		Income
	VIP Class 1		VIP Class 1		VIP Class 2		VIP Class 1		VIP Class 1		VIP Class 1
ASSETS
Investments in mutual funds, at value	$	158,373	$	1,631,672	$	236,646,024	$	278,143	$	936,880	$	848,779
Receivables:
Due from Pacific Life Insurance Company		-		-		45,515		-		-		14,252
Investments sold		457		2,167		-		287		1,335		-
Total Assets		158,830		1,633,839		236,691,539		278,430		938,215		863,031
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		460		2,214		-		291		1,354		-
Investments purchased		-		-		45,363		-		-		14,280
Total Liabilities		460		2,214		45,363		291		1,354		14,280
NET ASSETS	$	158,370	$	1,631,625	$	236,646,176	$	278,139	$	936,861	$	848,751
NET ASSETS CONSIST OF:
Accumulation units		158,370		1,631,625		236,322,638		278,139		936,861		848,751
Contracts in payout (annuitization) period		-		-		323,538		-		-		-
NET ASSETS	$	158,370	$	1,631,625	$	236,646,176	$	278,139	$	936,861	$	848,751
Units Outstanding		13,231		131,092		9,295,964		24,297		110,974		87,273
Accumulation Unit Value		$11.97 - $11.97		$12.41 - $12.46		$11.01 - $32.18		$11.40 - $11.45		$8.42 - $8.46		$9.69 - $9.73
Cost of Investments	$	154,690	$	1,596,978	$	215,172,768	$	265,557	$	800,530	$	807,720

							Goldman Sachs		Goldman Sachs		Goldman Sachs
							VIT Large Cap		VIT Mid Cap		VIT Strategic
	Templeton		Templeton		Templeton		Value		Value		Growth
	Foreign		Global Bond		Global Bond		Institutional		Institutional		Institutional
	VIP Class 1		VIP Class 1		VIP Class 2		Shares		Shares		Shares
ASSETS
Investments in mutual funds, at value	$	145,186	$	381,094	$	54,152,798	$	98,386	$	269,276	$	502,977
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		-
Investments sold		84		559		17,326		169		212		723
Total Assets		145,270		381,653		54,170,124		98,555		269,488		503,700
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		86		568		17,659		171		217		745
Investments purchased		-		-		-		-		-		-
Total Liabilities		86		568		17,659		171		217		745
NET ASSETS	$	145,184	$	381,085	$	54,152,465	$	98,384	$	269,271	$	502,955
NET ASSETS CONSIST OF:
Accumulation units		145,184		381,085		54,012,997		98,384		269,271		502,955
Contracts in payout (annuitization) period		-		-		139,468		-		-		-
NET ASSETS	$	145,184	$	381,085	$	54,152,465	$	98,384	$	269,271	$	502,955
Units Outstanding		13,261		41,064		6,364,156		7,883		22,032		46,179
Accumulation Unit Value		$10.95 - $10.95		$9.24 - $9.28		$7.59 - $11.13		$12.45 - $12.51		$12.18 - $12.23		$10.88 - $10.93
Cost of Investments	$	132,821	$	372,828	$	59,891,780	$	94,852	$	290,740	$	436,798

See Notes to Financial Statements

SA-19

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
	Goldman Sachs
	VIT Trends		Janus		Janus		Janus		Janus
	Driven Allocation		Henderson		Henderson		Henderson		Henderson		LVIP JPMorgan
	Institutional		Balanced		Balanced		Enterprise		Flexible Bond		Core Bond
	Shares		Institutional Shares		Service Shares		Institutional Shares		Service Shares		Class 1
ASSETS
Investments in mutual funds, at value	$	132,231	$	2,100,013	$	5,680,988,184	$	910,778	$	31,473,185	$	1,862,470
Receivables:
Due from Pacific Life Insurance Company		-		-		1,159,692		-		341,976		17,919
Investments sold		297		3,737		-		440		-		-
Total Assets		132,528		2,103,750		5,682,147,876		911,218		31,815,161		1,880,389
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		314		3,772		-		458		-		-
Investments purchased		-		-		1,157,626		-		343,107		17,924
Total Liabilities		314		3,772		1,157,626		458		343,107		17,924
NET ASSETS	$	132,214	$	2,099,978	$	5,680,990,250	$	910,760	$	31,472,054	$	1,862,465
NET ASSETS CONSIST OF:
Accumulation units		132,214		2,099,978		5,680,091,325		910,760		31,455,450		1,862,456
Contracts in payout (annuitization) period		-		-		898,925		-		16,604		9
NET ASSETS	$	132,214	$	2,099,978	$	5,680,990,250	$	910,760	$	31,472,054	$	1,862,465
Units Outstanding		12,842		190,949		324,018,449		82,889		3,104,567		197,864
Accumulation Unit Value		$10.29 - $10.34		$11.00 - $11.00		$10.26 - $23.82		$10.98 - $11.02		$9.44 - $11.02		$9.05 - $14.64
Cost of Investments	$	134,483	$	1,947,978	$	4,436,634,773	$	824,941	$	34,266,119	$	1,864,525

					ClearBridge				Lord Abbett
	LVIP JPMorgan		LVIP JPMorgan		Variable		Western Asset		Bond		Lord Abbett
	Mid Cap Value		U.S. Equity		Aggressive		Core Plus		Debenture		Total Return
	Class 1		Class 1		Growth - Class II		VIT Class I		Class VC		Class VC
ASSETS
Investments in mutual funds, at value	$	165,711	$	16,608	$	14,927,991	$	2,295,672	$	134,165,638	$	235,139,870
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		183,974		139,639
Investments sold		21		1		2,341		3,388		-		-
Total Assets		165,732		16,609		14,930,332		2,299,060		134,349,612		235,279,509
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		18		1		2,896		3,439		-		-
Investments purchased		-		-		-		-		185,005		139,637
Total Liabilities		18		1		2,896		3,439		185,005		139,637
NET ASSETS	$	165,714	$	16,608	$	14,927,436	$	2,295,621	$	134,164,607	$	235,139,872
NET ASSETS CONSIST OF:
Accumulation units		165,714		16,608		14,916,024		2,295,621		134,109,103		234,976,293
Contracts in payout (annuitization) period		-		-		11,412		-		55,504		163,579
NET ASSETS	$	165,714	$	16,608	$	14,927,436	$	2,295,621	$	134,164,607	$	235,139,872
Units Outstanding		7,211		307		1,075,266		265,541		10,279,424		20,613,511
Accumulation Unit Value		$12.28 - $39.28		$54.02 - $54.02		$11.80 - $15.41		$8.62 - $8.65		$9.13 - $14.53		$9.56 - $12.94
Cost of Investments	$	128,390	$	5,473	$	18,137,531	$	2,301,857	$	149,231,130	$	266,195,169

See Notes to Financial Statements

SA-20

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
			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	$	1,315,117	$	70,217,554	$	825,868	$	441,992,696	$	269,047	$	56,800,431
Receivables:
Due from Pacific Life Insurance Company		-		-		-		92,802		-		5,627
Investments sold		2,058		128,779		1,462		-		430		-
Total Assets		1,317,175		70,346,333		827,330		442,085,498		269,477		56,806,058
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		2,084		126,725		1,477		-		431		-
Investments purchased		-		-		-		92,576		-		5,656
Total Liabilities		2,084		126,725		1,477		92,576		431		5,656
NET ASSETS	$	1,315,091	$	70,219,608	$	825,853	$	441,992,922	$	269,046	$	56,800,402
NET ASSETS CONSIST OF:
Accumulation units		1,315,091		70,158,814		825,853		441,783,183		269,046		56,797,274
Contracts in payout (annuitization) period		-		60,794		-		209,739		-		3,128
NET ASSETS	$	1,315,091	$	70,219,608	$	825,853	$	441,992,922	$	269,046	$	56,800,402
Units Outstanding		129,308		2,630,371		112,894		25,902,580		24,318		3,418,861
Accumulation Unit Value		$10.14 - $10.19		$25.12 - $26.83		$7.30 - $7.33		$9.96 - $22.07		$11.03 - $11.08		$10.03 - $20.49
Cost of Investments	$	1,260,383	$	54,114,935	$	1,066,390	$	420,124,299	$	291,600	$	49,145,830

		MFS		MFS		Neuberger Berman
		Value		Value		U.S. Equity Index		TOPS		TOPS		TOPS
		Series -		Series -		PutWrite Strategy		Aggressive Growth		Balanced		Conservative
		Initial Class		Service Class		Class S		ETF Class 1		ETF Class 1		ETF Class 1
ASSETS
Investments in mutual funds, at value	$	915,502	$	75,048,743	$	5,026,959	$	426,337	$	150,595	$	269,500
Receivables:
Due from Pacific Life Insurance Company		-		-		12,458		-		-		-
Investments sold		1,131		25,655		-		740		86		266
Total Assets		916,633		75,074,398		5,039,417		427,077		150,681		269,766
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		1,147		25,114		-		747		88		280
Investments purchased		-		-		12,677		-		-		-
Total Liabilities		1,147		25,114		12,677		747		88		280
NET ASSETS	$	915,486	$	75,049,284	$	5,026,740	$	426,330	$	150,593	$	269,486
NET ASSETS CONSIST OF:
Accumulation units		915,486		75,014,743		5,024,569		426,330		150,593		269,486
Contracts in payout (annuitization) period		-		34,541		2,171		-		-		-
NET ASSETS	$	915,486	$	75,049,284	$	5,026,740	$	426,330	$	150,593	$	269,486
Units Outstanding		74,855		2,380,558		392,050		38,921		14,402		25,996
Accumulation Unit Value		$12.19 - $12.25		$28.15 - $36.29		$10.45 - $14.65		$10.95 - $10.95		$10.43 - $10.47		$10.37 - $10.37
Cost of Investments	$	880,085	$	56,572,205	$	4,702,297	$	379,970	$	146,536	$	260,291

See Notes to Financial Statements

SA-21

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

		Variable Accounts
												PIMCO
				TOPS		TOPS						Commodity-
		TOPS		Managed Risk		Managed Risk		TOPS				RealReturn
		Growth		Balanced		Growth		Moderate Growth		PIMCO All Asset -		Strategy -
		ETF Class 1		ETF Class 1		ETF Class 1		ETF Class 1		Advisor Class		Advisor Class
ASSETS
Investments in mutual funds, at value	$	477,728	$	620,326	$	225,998	$	15,078	$	3,973,969	$	18,766,187
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		195
Investments sold		688		531		192		-		124		-
Total Assets		478,416		620,857		226,190		15,078		3,974,093		18,766,382
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		685		539		196		-		309		-
Investments purchased		-		-		-		-		-		922
Total Liabilities		685		539		196		-		309		922
NET ASSETS	$	477,731	$	620,318	$	225,994	$	15,078	$	3,973,784	$	18,765,460
NET ASSETS CONSIST OF:
Accumulation units		477,731		620,318		225,994		15,078		3,898,820		18,738,169
Contracts in payout (annuitization) period		-		-		-		-		74,964		27,291
NET ASSETS	$	477,731	$	620,318	$	225,994	$	15,078	$	3,973,784	$	18,765,460
Units Outstanding		44,017		61,521		22,183		1,416		307,299		2,497,590
Accumulation Unit Value		$10.81 - $10.86		$10.08 - $10.08		$10.19 - $10.23		$10.65 - $10.65		$10.66 - $13.49		$6.23 - $12.96
Cost of Investments	$	444,726	$	599,942	$	217,744	$	14,569	$	4,173,962	$	20,971,928

	PIMCO				PIMCO
	Emerging Markets				Long-Term U.S.		PIMCO		PIMCO
	Bond -				Government -		Low Duration -		Total Return -		PSF Mid-Cap
	Institutional		PIMCO Income -		Institutional		Institutional		Institutional		Growth
	Class		Advisor Class		Class		Class		Class		Class II
ASSETS
Investments in mutual funds, at value	$	179,409	$	42,537,738	$	523,717	$	3,553,581	$	2,508,408	$	24,705
Receivables:
Due from Pacific Life Insurance Company		-		25,871		-		16,479		6,357		-
Investments sold		212		-		633		-		-		21
Total Assets		179,621		42,563,609		524,350		3,570,060		2,514,765		24,726
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		216		-		645		-		-		27
Investments purchased		-		27,576		-		16,548		6,394		-
Total Liabilities		216		27,576		645		16,548		6,394		27
NET ASSETS	$	179,405	$	42,536,033	$	523,705	$	3,553,512	$	2,508,371	$	24,699
NET ASSETS CONSIST OF:
Accumulation units		179,405		42,534,397		523,705		3,553,512		2,508,371		24,699
Contracts in payout (annuitization) period		-		1,636		-		-		-		-
NET ASSETS	$	179,405	$	42,536,033	$	523,705	$	3,553,512	$	2,508,371	$	24,699
Units Outstanding		19,653		3,902,504		71,317		366,555		280,745		482
Accumulation Unit Value		$9.09 - $9.13		$9.78 - $11.28		$7.31 - $7.34		$9.67 - $9.71		$8.91 - $8.95		$50.45 - $54.55
Cost of Investments	$	168,732	$	41,980,994	$	530,543	$	3,535,809	$	2,431,859	$	4,689

See Notes to Financial Statements

SA-22

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
	PSF PGIM		PSF PGIM
	Jennison		Jennison		Schwab						Schwab
	Growth		Value		Government		Schwab		Schwab		VIT Balanced
	Class II		Class II		Money Market (1)		S&P 500 Index		VIT Balanced		with Growth
ASSETS
Investments in mutual funds, at value	$	111,138	$	96,246	$	-	$	39,591,763	$	59,055,928	$	132,414,323
Receivables:
Due from Pacific Life Insurance Company		-		-		-		133,002		-		-
Investments sold		39		4		-		-		4,319		22,735
Total Assets		111,177		96,250		-		39,724,765		59,060,247		132,437,058
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		86		39		-		-		4,404		22,767
Investments purchased		-		-		-		133,627		-		-
Total Liabilities		86		39		-		133,627		4,404		22,767
NET ASSETS	$	111,091	$	96,211	$	-	$	39,591,138	$	59,055,843	$	132,414,291
NET ASSETS CONSIST OF:
Accumulation units		111,091		96,211		-		39,591,138		59,055,843		132,414,291
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	111,091	$	96,211	$	-	$	39,591,138	$	59,055,843	$	132,414,291
Units Outstanding		1,955		2,994		-		3,146,732		4,005,593		7,756,448
Accumulation Unit Value		$55.22 - $57.74		$30.47 - $32.94		See Note (1)		$12.53 - $12.59		$12.77 - $14.81		$14.34 - $17.39
Cost of Investments	$	10,049	$	24,248	$	-	$	34,947,689	$	48,252,555	$	96,506,797

			State Street		T. Rowe Price		T. Rowe Price		T. Rowe Price		VanEck VIP
	Schwab		Total Return		Blue Chip		Equity		Health		Global Resources
	VIT Growth		V.I.S. Class 3		Growth - I		Income - I		Sciences - I		Class S
ASSETS
Investments in mutual funds, at value	$	148,944,657	$	284,401,739	$	1,730,311	$	495,303	$	603,912	$	21,308,133
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		5,879
Investments sold		26,611		97,294		2,229		499		757		-
Total Assets		148,971,268		284,499,033		1,732,540		495,802		604,669		21,314,012
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		25,986		91,482		2,287		507		771		-
Investments purchased		-		-		-		-		-		7,349
Total Liabilities		25,986		91,482		2,287		507		771		7,349
NET ASSETS	$	148,945,282	$	284,407,551	$	1,730,253	$	495,295	$	603,898	$	21,306,663
NET ASSETS CONSIST OF:
Accumulation units		148,945,282		284,129,833		1,730,253		495,295		603,898		21,287,198
Contracts in payout (annuitization) period		-		277,718		-		-		-		19,465
NET ASSETS	$	148,945,282	$	284,407,551	$	1,730,253	$	495,295	$	603,898	$	21,306,663
Units Outstanding		7,456,726		16,058,952		171,232		39,785		64,409		2,415,176
Accumulation Unit Value		$15.82 - $20.20		$9.70 - $25.67		$10.07 - $10.11		$12.40 - $12.46		$9.36 - $9.40		$7.62 - $10.92
Cost of Investments	$	99,072,173	$	278,795,588	$	1,357,249	$	515,236	$	623,667	$	13,030,987

(1) All units were fully redeemed or transferred prior to December 31, 2023 (See Financial Highlights for date of full redemption).

See Notes to Financial Statements

SA-23

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
					Vanguard VIF		Vanguard VIF		Vanguard VIF		Vanguard VIF
	Vanguard VIF		Vanguard VIF		Conservative		Diversified		Equity		Equity
	Balanced		Capital Growth		Allocation		Value		Income		Index
ASSETS
Investments in mutual funds, at value	$	15,111,659	$	2,150,228	$	6,197,058	$	1,300,138	$	3,460,734	$	3,151,355
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		-		16,181
Investments sold		16,379		2,744		4,838		3,023		2,551		-
Total Assets		15,128,038		2,152,972		6,201,896		1,303,161		3,463,285		3,167,536
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		16,700		2,786		4,976		3,048		2,598		-
Investments purchased		-		-		-		-		-		16,233
Total Liabilities		16,700		2,786		4,976		3,048		2,598		16,233
NET ASSETS	$	15,111,338	$	2,150,186	$	6,196,920	$	1,300,113	$	3,460,687	$	3,151,303
NET ASSETS CONSIST OF:
Accumulation units		15,111,338		2,150,186		6,196,920		1,300,113		3,460,687		3,151,303
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	15,111,338	$	2,150,186	$	6,196,920	$	1,300,113	$	3,460,687	$	3,151,303
Units Outstanding		1,339,837		179,217		628,969		100,832		269,359		251,192
Accumulation Unit Value		$11.24 - $11.29		$11.95 - $12.00		$9.81 - $9.85		$12.87 - $12.92		$12.80 - $12.86		$12.49 - $12.55
Cost of Investments	$	14,468,497	$	1,843,795	$	5,887,630	$	1,248,556	$	3,169,023	$	3,030,808

	Vanguard VIF				Vanguard VIF				Vanguard VIF		Vanguard VIF
	Global Bond		Vanguard VIF		High Yield		Vanguard VIF		Mid-Cap		Moderate
	Index		Growth		Bond		International		Index		Allocation
ASSETS
Investments in mutual funds, at value	$	1,524,389	$	3,901,204	$	1,976,896	$	1,524,627	$	6,939,768	$	17,602,804
Receivables:
Due from Pacific Life Insurance Company		-		-		-		-		5,020		-
Investments sold		2,042		8,095		2,152		67,547		-		21,598
Total Assets		1,526,431		3,909,299		1,979,048		1,592,174		6,944,788		17,624,402
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		2,068		8,161		2,188		67,569		-		21,990
Investments purchased		-		-		-		-		5,145		-
Total Liabilities		2,068		8,161		2,188		67,569		5,145		21,990
NET ASSETS	$	1,524,363	$	3,901,138	$	1,976,860	$	1,524,605	$	6,939,643	$	17,602,412
NET ASSETS CONSIST OF:
Accumulation units		1,524,363		3,901,138		1,976,860		1,524,605		6,939,643		17,602,412
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	1,524,363	$	3,901,138	$	1,976,860	$	1,524,605	$	6,939,643	$	17,602,412
Units Outstanding		168,791		378,782		192,439		217,181		639,941		1,717,932
Accumulation Unit Value		$9.01 - $9.05		$10.27 - $10.31		$10.24 - $10.28		$7.00 - $7.03		$10.80 - $10.85		$10.21 - $10.25
Cost of Investments	$	1,613,931	$	3,295,919	$	1,899,320	$	1,424,740	$	6,521,355	$	16,716,767

See Notes to Financial Statements

SA-24

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2023

	Variable Accounts
							Vanguard VIF
			Vanguard VIF				Total
	Vanguard VIF		Short-Term		Vanguard VIF		International		Vanguard VIF
	Real Estate		Investment-		Total Bond		Stock Market		Total Stock
	Index		Grade		Market Index		Index		Market Index
ASSETS
Investments in mutual funds, at value	$	2,340,712	$	6,700,935	$	14,899,831	$	11,795,086	$	12,155,297
Receivables:
Due from Pacific Life Insurance Company		-		16,499		-		105,417		-
Investments sold		5,908		-		62,108		-		14,150
Total Assets		2,346,620		6,717,434		14,961,939		11,900,503		12,169,447
LIABILITIES
Payables:
Due to Pacific Life Insurance Company		5,960		-		62,332		-		14,357
Investments purchased		-		16,615		-		105,630		-
Total Liabilities		5,960		16,615		62,332		105,630		14,357
NET ASSETS	$	2,340,660	$	6,700,819	$	14,899,607	$	11,794,873	$	12,155,090
NET ASSETS CONSIST OF:
Accumulation units		2,340,660		6,700,819		14,899,607		11,794,873		12,155,090
Contracts in payout (annuitization) period		-		-		-		-		-
NET ASSETS	$	2,340,660	$	6,700,819	$	14,899,607	$	11,794,873	$	12,155,090
Units Outstanding		215,143		682,586		1,660,787		1,194,839		1,025,214
Accumulation Unit Value		$10.84 - $10.89		$9.78 - $9.83		$8.94 - $8.98		$9.84 - $9.88		$11.81 - $11.86
Cost of Investments	$	2,423,079	$	6,533,210	$	14,691,989	$	11,342,404	$	11,255,621

See Notes to Financial Statements

SA-25

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
	Core			Diversified			Floating			Floating			High Yield			Inflation
	Income			Bond			Rate Income			Rate Income			Bond			Managed
	Class I			Class I			Class I			Class P			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		328,355			1,655,953			1,751,429			3,219			1,390,804			1,826,131
Administrative fees		77,876			365,641			363,826			4,914			253,588			315,846
Total Expenses		406,231			2,021,594			2,115,255			8,133			1,644,392			2,141,977
Net Investment Income (Loss)		(406,231	)		(2,021,594	)		(2,115,255	)		(8,133	)		(1,644,392	)		(2,141,977	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(384,585	)		(3,187,434	)		872,396			504			5,433,770			2,746,431
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(384,585	)		(3,187,434	)		872,396			504			5,433,770			2,746,431
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		3,318,404			9,042,273			21,054,087			205,195			9,064,806			2,953,586
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	2,527,588		$	3,833,245		$	19,811,228		$	197,566		$	12,854,184		$	3,558,040

	Intermediate			Managed			Short Duration			Emerging			Dividend			Equity
	Bond			Bond			Bond			Markets Debt			Growth			Index
	Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		115,189			3,111,585			2,527,828			119,424			4,071,747			13,425,838
Administrative fees		29,888			547,872			562,192			25,376			850,115			3,033,554
Total Expenses		145,077			3,659,457			3,090,020			144,800			4,921,862			16,459,392
Net Investment Income (Loss)		(145,077	)		(3,659,457	)		(3,090,020	)		(144,800	)		(4,921,862	)		(16,459,392	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(271,494	)		4,324,927			2,762,425			193,758			7,934,766			7,360,130
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(271,494	)		4,324,927			2,762,425			193,758			7,934,766			7,360,130
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		1,134,080			13,873,516			11,498,556			1,226,693			46,845,495			321,771,232
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	717,509		$	14,538,986		$	11,170,961		$	1,275,651		$	49,858,399		$	312,671,970

See Notes to Financial Statements

SA-26

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
	Focused						Hedged			Hedged			Large-Cap			Large-Cap
	Growth			Growth			Equity			Equity			Core			Growth
	Class I			Class I			Class I			Class P			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		2,104,060			3,600,115			1,602,919			3,758			2,883,049			2,443,679
Administrative fees		414,293			621,604			386,459			6,771			437,896			486,012
Total Expenses		2,518,353			4,221,719			1,989,378			10,529			3,320,945			2,929,691
Net Investment Income (Loss)		(2,518,353	)		(4,221,719	)		(1,989,378	)		(10,529	)		(3,320,945	)		(2,929,691	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		2,330,527			11,298,301			(434,338	)		(852	)		13,767,958			16,765,763
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		2,330,527			11,298,301			(434,338	)		(852	)		13,767,958			16,765,763
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		60,144,164			91,193,665			22,953,628			312,712			45,247,210			67,890,975
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	59,956,338		$	98,270,247		$	20,529,912		$	301,331		$	55,694,223		$	81,727,047

	Large-Cap			Mid-Cap			Mid-Cap			Mid-Cap			Small-Cap			Small-Cap
	Value			Equity			Growth			Value			Equity			Growth
	Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		2,604,047			2,365,184			2,654,916			989,661			553,999			1,126,195
Administrative fees		479,280			414,401			514,377			207,461			116,937			217,789
Total Expenses		3,083,327			2,779,585			3,169,293			1,197,122			670,936			1,343,984
Net Investment Income (Loss)		(3,083,327	)		(2,779,585	)		(3,169,293	)		(1,197,122	)		(670,936	)		(1,343,984	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		16,181,852			16,278,034			8,033,924			3,878,032			2,539,043			410,052
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		16,181,852			16,278,034			8,033,924			3,878,032			2,539,043			410,052
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		17,426,685			14,284,741			39,801,774			12,237,136			5,039,058			15,184,101
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	30,525,210		$	27,783,190		$	44,666,405		$	14,918,046		$	6,907,165		$	14,250,169

See Notes to Financial Statements

SA-27

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
	Small-Cap			Small-Cap						Value			Emerging			International
	Index			Value			Value			Advantage			Markets			Growth
	Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		2,350,456			1,122,539			1,459,468			738,324			1,545,073			22,306
Administrative fees		470,591			213,483			289,289			169,357			295,610			5,601
Total Expenses		2,821,047			1,336,022			1,748,757			907,681			1,840,683			27,907
Net Investment Income (Loss)		(2,821,047	)		(1,336,022	)		(1,748,757	)		(907,681	)		(1,840,683	)		(27,907	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		5,601,799			3,879,583			15,169,669			(213,222	)		2,112,028			(37,788	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		5,601,799			3,879,583			15,169,669			(213,222	)		2,112,028			(37,788	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		30,851,168			4,075,220			(9,467,542	)		7,321,933			10,511,425			337,647
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	33,631,920		$	6,618,781		$	3,953,370		$	6,201,030		$	10,782,770		$	271,952

	International			International			International			Health			Real
	Large-Cap			Small-Cap			Value			Sciences			Estate			Technology
	Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		2,401,785			362,308			1,253,786			3,055,670			1,187,094			2,021,538
Administrative fees		453,910			72,770			220,976			576,112			204,018			406,927
Total Expenses		2,855,695			435,078			1,474,762			3,631,782			1,391,112			2,428,465
Net Investment Income (Loss)		(2,855,695	)		(435,078	)		(1,474,762	)		(3,631,782	)		(1,391,112	)		(2,428,465	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		18,941,942			2,036,660			7,054,309			23,451,821			7,073,769			273,933
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		18,941,942			2,036,660			7,054,309			23,451,821			7,073,769			273,933
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		23,467,928			3,506,210			14,203,104			(14,654,455	)		5,795,803			79,211,335
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	39,554,175		$	5,107,792		$	19,782,651		$	5,165,584		$	11,478,460		$	77,056,803

See Notes to Financial Statements

SA-28

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

	Variable Accounts
							ESG			ESG			PSF Avantis			PSF Avantis
	ESG			ESG			Diversified			Diversified			Balanced			Balanced
	Diversified			Diversified			Growth			Growth			Allocation			Allocation
	Class I			Class P (1)			Class I			Class P			Class D			Class P
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		135,604			225			7,198			56			2,851,309			2,800
Administrative fees		31,155			450			2,131			111			700,650			5,600
Total Expenses		166,759			675			9,329			167			3,551,959			8,400
Net Investment Income (Loss)		(166,759	)		(675	)		(9,329	)		(167	)		(3,551,959	)		(8,400	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(123,472	)		15,193			(22,939	)		(3	)		1,468,488			(37,093	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(123,472	)		15,193			(22,939	)		(3	)		1,468,488			(37,093	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		2,253,634			9,447			192,881			6,147			37,040,181			274,567
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	1,963,403		$	23,965		$	160,613		$	5,977		$	34,956,710		$	229,074

	Pacific			Pacific			Pacific			Pacific
	Dynamix -			Dynamix -			Dynamix -			Dynamix -			Pacific			Pacific
	Conservative			Conservative			Moderate			Moderate			Dynamix -			Dynamix -
	Growth			Growth			Growth			Growth			Growth			Growth
	Class I			Class P			Class I			Class P			Class I			Class P
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		4,330,018			3,675			21,483,229			1,800			15,091,594			2,690
Administrative fees		906,688			4,913			4,722,916			2,660			3,481,141			5,380
Total Expenses		5,236,706			8,588			26,206,145			4,460			18,572,735			8,070
Net Investment Income (Loss)		(5,236,706	)		(8,588	)		(26,206,145	)		(4,460	)		(18,572,735	)		(8,070	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		22,479,966			(15,151	)		75,370,942			(11,150	)		(10,586,621	)		(57,559	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		22,479,966			(15,151	)		75,370,942			(11,150	)		(10,586,621	)		(57,559	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		25,087,794			197,486			231,187,007			122,394			248,936,068			348,367
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	42,331,054		$	173,747		$	280,351,804		$	106,784		$	219,776,712		$	282,738

(1) All units were fully redeemed or transferred prior to December 31, 2023 (See Financial Highlights for date of full redemption).

See Notes to Financial Statements

SA-29

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
				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	$	-		$	-		$	-		$	-		$	-		$	94
EXPENSES
Mortality and expense risk		12,339,121			17,466,270			78,710,329			75,181,821			16,460,964			23
Administrative fees		2,008,442			2,738,457			12,206,780			11,274,052			2,453,979			46
Total Expenses		14,347,563			20,204,727			90,917,109			86,455,873			18,914,943			69
Net Investment Income (Loss)		(14,347,563	)		(20,204,727	)		(90,917,109	)		(86,455,873	)		(18,914,943	)		25
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		48,115,959			87,407,786			415,372,197			384,768,410			82,279,895			(55	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		48,115,959			87,407,786			415,372,197			384,768,410			82,279,895			(55	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		39,949,001			61,466,828			403,292,867			391,391,542			104,157,199			2,899
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	73,717,397		$	128,669,887		$	727,747,955		$	689,704,079		$	167,522,151		$	2,869

	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	$	60,213		$	317		$	-		$	-		$	-		$	891,432
EXPENSES
Mortality and expense risk		172,230			135			166			3,065,778			169			441,429
Administrative fees		41,890			142			313			584,914			272			100,572
Total Expenses		214,120			277			479			3,650,692			441			542,001
Net Investment Income (Loss)		(153,907	)		40			(479	)		(3,650,692	)		(441	)		349,431
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(2,252,936	)		(168	)		(9,323	)		(17,185,039	)		(32,271	)		(844,867	)
Capital gain distributions		-			10,394			-			-			-			2,706,361
Realized Gain (Loss) on Investments		(2,252,936	)		10,226			(9,323	)		(17,185,039	)		(32,271	)		1,861,494
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		5,552,987			(3,128	)		16,807			33,509,556			42,813			2,353,618
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	3,146,144		$	7,138		$	7,005		$	12,673,825		$	10,101		$	4,564,543

See Notes to Financial Statements

SA-30

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

	Variable Accounts
													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			September			September
	Series I (1)			Series II			Series II			Series I			Series I			Series II
INVESTMENT INCOME
Dividends	$	20		$	101,890		$	-		$	10,648		$	-		$	-
EXPENSES
Mortality and expense risk		7			76,463			208,891			2,067			33			28,928
Administrative fees		15			18,369			46,905			2,551			65			7,684
Total Expenses		22			94,832			255,796			4,618			98			36,612
Net Investment Income (Loss)		(2	)		7,058			(255,796	)		6,030			(98	)		(36,612	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		-			(679,280	)		(1,077,102	)		2,552			(7,612	)		3,760
Capital gain distributions		8			-			2,619,908			-			692			217,919
Realized Gain (Loss) on Investments		8			(679,280	)		1,542,806			2,552			(6,920	)		221,679
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		709			1,259,241			4,519,550			111,126			16,029			691,962
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	715		$	587,019		$	5,806,560		$	119,708		$	9,011		$	877,029

	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 -
	December			December			March			March			June			June
	Series I			Series II			Series I			Series II			Series I (1)			Series II
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		30			35,302			46			47,930			211			35,263
Administrative fees		61			9,021			91			12,408			422			8,973
Total Expenses		91			44,323			137			60,338			633			44,236
Net Investment Income (Loss)		(91	)		(44,323	)		(137	)		(60,338	)		(633	)		(44,236	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		1			(155,688	)		16			(3,213	)		(32	)		52,366
Capital gain distributions		-			-			3,953			650,415			29,808			616,991
Realized Gain (Loss) on Investments		1			(155,688	)		3,969			647,202			29,776			669,357
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		3,069			907,581			3,804			524,983			(1,940	)		361,040
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	2,979		$	707,570		$	7,636		$	1,111,847		$	27,203		$	986,161

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

See Notes to Financial Statements

SA-31

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

	Variable Accounts
	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 -
	September			September			December			December			March			June
	Series I			Series II			Series I (1)			Series II			Series II			Series I (1)
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		520			157,136			236			100,032			142,418			1,183
Administrative fees		1,002			42,305			471			26,830			37,195			2,366
Total Expenses		1,522			199,441			707			126,862			179,613			3,549
Net Investment Income (Loss)		(1,522	)		(199,441	)		(707	)		(126,862	)		(179,613	)		(3,549	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(2,941	)		9,931			2			(10,844	)		179,438			661
Capital gain distributions		10,489			800,506			3,549			130,050			516,678			21,399
Realized Gain (Loss) on Investments		7,548			810,437			3,551			119,206			696,116			22,060
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		58,004			2,659,417			21,673			1,802,578			1,960,334			101,078
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	64,030		$	3,270,413		$	24,517		$	1,794,922		$	2,476,837		$	119,589

	Invesco V.I.												American Funds
	S&P 500						American			American			IS American
	Buffer -			Invesco V.I.			Century			Century			High-Income			American Funds
	June			Technology			VP Mid Cap Value			VP Mid Cap Value			Trust			IS Asset Allocation
	Series II			Series I			Class I			Class II			Class 4			Class 1
INVESTMENT INCOME
Dividends	$	-		$	-		$	15,057		$	2,074,638		$	3,091,883		$	131,262
EXPENSES
Mortality and expense risk		141,877			1,939			1,060			918,909			442,314			7,971
Administrative fees		38,077			2,363			1,731			205,932			102,489			11,522
Total Expenses		179,954			4,302			2,791			1,124,841			544,803			19,493
Net Investment Income (Loss)		(179,954	)		(4,302	)		12,266			949,797			2,547,080			111,769
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(83,816	)		(129,196	)		(11,386	)		(1,643,083	)		(986,396	)		(98,684	)
Capital gain distributions		368,107			-			61,156			10,835,847			-			124,814
Realized Gain (Loss) on Investments		284,291			(129,196	)		49,770			9,192,764			(986,396	)		26,130
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		1,970,741			420,715			(26,797	)		(5,726,540	)		3,547,677			492,084
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	2,075,078		$	287,217		$	35,239		$	4,416,021		$	5,108,361		$	629,983

(1) Operations commenced or resumed during 2023 (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, 2023

	Variable Accounts
																American Funds
				American Funds			American Funds			American Funds			American Funds			IS Capital World
	American Funds			IS Capital			IS Capital			IS Capital			IS Capital			Growth and
	IS Asset Allocation			Income Builder			Income Builder			World Bond			World Bond			Income
	Class 4			Class 1			Class 4			Class 1			Class 4			Class 1
INVESTMENT INCOME
Dividends	$	66,682,035		$	29,094		$	3,220,791		$	-		$	-		$	11,279
EXPENSES
Mortality and expense risk		34,422,050			2,449			1,030,287			382			182,336			661
Administrative fees		7,318,925			2,680			231,323			457			43,079			1,197
Total Expenses		41,740,975			5,129			1,261,610			839			225,415			1,858
Net Investment Income (Loss)		24,941,060			23,965			1,959,181			(839	)		(225,415	)		9,421
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(12,094,309	)		(2,170	)		(26,215	)		(5,138	)		(752,054	)		(13,338	)
Capital gain distributions		131,140,784			-			-			-			-			-
Realized Gain (Loss) on Investments		119,046,475			(2,170	)		(26,215	)		(5,138	)		(752,054	)		(13,338	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		254,257,065			54,488			7,034,672			19,288			2,051,067			85,576
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	398,244,600		$	76,283		$	8,967,638		$	13,311		$	1,073,598		$	81,659

	American Funds
	IS Capital World												American Funds
	Growth and			American Funds			American Funds			American Funds			IS Global Small			American Funds
	Income			IS Global Balanced			IS Global Growth			IS Global Growth			Capitalization			IS Growth
	Class 4			Class 4			Class 1			Class 4			Class 4			Class 1
INVESTMENT INCOME
Dividends	$	1,234,258		$	1,024,865		$	17,717		$	1,087,999		$	11,242		$	23,491
EXPENSES
Mortality and expense risk		563,190			585,363			1,921			1,348,724			333,260			7,684
Administrative fees		139,963			142,926			2,970			322,157			79,220			9,468
Total Expenses		703,153			728,289			4,891			1,670,881			412,480			17,152
Net Investment Income (Loss)		531,105			296,576			12,826			(582,882	)		(401,238	)		6,339
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(2,975,636	)		(1,548,138	)		(48,444	)		(2,092,075	)		(5,616,755	)		(20,968	)
Capital gain distributions		-			8,444,510			45,280			12,076,643			532,034			161,727
Realized Gain (Loss) on Investments		(2,975,636	)		6,896,372			(3,164	)		9,984,568			(5,084,721	)		140,759
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		14,842,692			976,831			195,409			20,116,080			11,161,698			890,421
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	12,398,161		$	8,169,779		$	205,071		$	29,517,766		$	5,675,739		$	1,037,519

See Notes to Financial Statements

SA-33

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
																American Funds
	American Funds			American Funds			American Funds			American Funds			American Funds			IS International
	IS Growth			IS Growth-Income			IS Growth-Income			IS International			IS International			Growth and Income
	Class 4			Class 1			Class 4			Class 1			Class 4			Class 1
INVESTMENT INCOME
Dividends	$	1,143,863		$	43,341		$	5,361,355		$	7,537		$	958,384		$	8,327
EXPENSES
Mortality and expense risk		6,449,142			4,341			4,367,390			680			744,170			538
Administrative fees		1,388,327			7,298			905,603			1,243			174,500			914
Total Expenses		7,837,469			11,639			5,272,993			1,923			918,670			1,452
Net Investment Income (Loss)		(6,693,606	)		31,702			88,362			5,614			39,714			6,875
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(10,934,428	)		(129,346	)		(451,448	)		(15,630	)		(3,693,487	)		(62,762	)
Capital gain distributions		37,373,070			130,821			23,616,407			-			-			-
Realized Gain (Loss) on Investments		26,438,642			1,475			23,164,959			(15,630	)		(3,693,487	)		(62,762	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		182,652,923			539,743			74,891,913			81,130			15,517,429			100,846
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	202,397,959		$	572,920		$	98,145,234		$	71,114		$	11,863,656		$	44,959

	American Funds			American Funds			American Funds									American Funds
	IS International			IS Managed Risk			IS Managed Risk			American Funds IS			American Funds IS			IS The Bond Fund
	Growth and Income			Asset Allocation			Asset Allocation			New World Fund			New World Fund			of America
	Class 4			Class P1			Class P2			Class 1			Class 4			Class 1
INVESTMENT INCOME
Dividends	$	1,239,761		$	13,960		$	3,084,593		$	26,494		$	850,892		$	140,049
EXPENSES
Mortality and expense risk		468,128			882			1,681,948			2,345			600,131			5,816
Administrative fees		108,248			1,764			390,578			3,559			141,183			10,876
Total Expenses		576,376			2,646			2,072,526			5,904			741,314			16,692
Net Investment Income (Loss)		663,385			11,314			1,012,067			20,590			109,578			123,357
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(10,015,790	)		(1,078	)		(3,157,676	)		(26,786	)		(1,677,134	)		(248,631	)
Capital gain distributions		-			32,736			19,738,652			-			-			-
Realized Gain (Loss) on Investments		(10,015,790	)		31,658			16,580,976			(26,786	)		(1,677,134	)		(248,631	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		16,694,228			161,164			(3,289,295	)		184,515			10,774,022			253,328
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	7,341,823		$	204,136		$	14,303,748		$	178,319		$	9,206,466		$	128,054

See Notes to Financial Statements

SA-34

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
	American Funds			American Funds IS			American Funds IS			American Funds			American Funds			BlackRock
	IS The Bond Fund			U.S. Government			U.S. Government			IS Washington			IS Washington			60/40 Target
	of America			Securities			Securities			Mutual Investors			Mutual Investors			Allocation ETF
	Class 4			Class 1			Class 4			Class 1			Class 4			V.I. Class I
INVESTMENT INCOME
Dividends	$	4,972,958		$	79,674		$	1,905,245		$	27,353		$	3,626,742		$	4,637,656
EXPENSES
Mortality and expense risk		1,122,141			2,409			547,300			1,733			1,807,169			1,836,604
Administrative fees		271,064			4,818			121,323			2,932			431,869			464,023
Total Expenses		1,393,205			7,227			668,623			4,665			2,239,038			2,300,627
Net Investment Income (Loss)		3,579,753			72,447			1,236,622			22,688			1,387,704			2,337,029
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(3,627,657	)		(30,227	)		(5,391,774	)		(14,602	)		(2,640,243	)		(3,648,688	)
Capital gain distributions		-			-			-			7,907			1,952,681			-
Realized Gain (Loss) on Investments		(3,627,657	)		(30,227	)		(5,391,774	)		(6,695	)		(687,562	)		(3,648,688	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		5,569,654			(11,258	)		4,662,005			167,220			30,806,298			29,519,597
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	5,521,750		$	30,962		$	506,853		$	183,213		$	31,506,440		$	28,207,938

	BlackRock			BlackRock			BlackRock			BlackRock
	Capital			Equity			Global			Global			BlackRock			BlackRock
	Appreciation			Dividend			Allocation			Allocation			High Yield			S&P 500 Index
	V.I. Class III			V.I. Class I			V.I. Class I			V.I. Class III			V.I. Class I			V.I. Class I
INVESTMENT INCOME
Dividends	$	-		$	17,316		$	24,574		$	28,466,678		$	51,242		$	25,367
EXPENSES
Mortality and expense risk		235,088			1,338			1,697			12,927,771			1,283			2,441
Administrative fees		52,266			2,486			3,339			2,408,528			2,297			4,034
Total Expenses		287,354			3,824			5,036			15,336,299			3,580			6,475
Net Investment Income (Loss)		(287,354	)		13,492			19,538			13,130,379			47,662			18,892
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(1,909,218	)		(16,437	)		(31,919	)		(13,603,899	)		(7,304	)		(13,105	)
Capital gain distributions		1,862,843			44,319			-			-			-			70,678
Realized Gain (Loss) on Investments		(46,375	)		27,882			(31,919	)		(13,603,899	)		(7,304	)		57,573
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		13,884,752			56,287			146,746			123,026,097			72,561			236,100
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	13,551,023		$	97,661		$	134,365		$	122,552,577		$	112,919		$	312,565

See Notes to Financial Statements

SA-35

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
							Delaware Ivy						DFA VA			DFA VA
	BlackRock			BlackRock			VIP Asset			Delaware Ivy			Equity Allocation			Global Bond
	Small Cap Index			Total Return			Strategy			VIP Energy			Institutional			Institutional
	V.I. Class I			V.I. Class I			Class II			Class II			Class			Class
INVESTMENT INCOME
Dividends	$	61,748		$	57,877		$	626,072		$	1,623,865		$	4,884		$	22,559
EXPENSES
Mortality and expense risk		6,360			2,365			243,037			541,289			401			909
Administrative fees		11,833			4,363			58,982			121,360			556			1,400
Total Expenses		18,193			6,728			302,019			662,649			957			2,309
Net Investment Income (Loss)		43,555			51,149			324,053			961,216			3,927			20,250
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(104,512	)		(27,009	)		(1,009,220	)		2,630,735			(2,971	)		(1,264	)
Capital gain distributions		120,072			-			-			-			4,871			-
Realized Gain (Loss) on Investments		15,560			(27,009	)		(1,009,220	)		2,630,735			1,900			(1,264	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		606,848			68,261			3,610,339			(2,891,347	)		28,602			2,138
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	665,963		$	92,401		$	2,925,172		$	700,604		$	34,429		$	21,124

	DFA VA			DFA VA			DFA VA
	Global Moderate			International			International			DFA VA			DFA VA			DFA VA US
	Allocation			Small			Value			Short-Term Fixed			US Large Value			Targeted Value
	Institutional			Institutional			Institutional			Institutional			Institutional			Institutional
	Class			Class			Class			Class			Class			Class
INVESTMENT INCOME
Dividends	$	36,900		$	18,214		$	91,525		$	146,640		$	104,985		$	26,636
EXPENSES
Mortality and expense risk		1,445			948			3,213			5,516			6,041			2,595
Administrative fees		2,644			1,397			4,873			9,129			10,781			3,926
Total Expenses		4,089			2,345			8,086			14,645			16,822			6,521
Net Investment Income (Loss)		32,811			15,869			83,439			131,995			88,163			20,115
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(2,015	)		(24,198	)		(19,702	)		(5,397	)		(24,444	)		(13,988	)
Capital gain distributions		15,016			-			18,265			-			63,985			118,525
Realized Gain (Loss) on Investments		13,001			(24,198	)		(1,437	)		(5,397	)		39,541			104,537
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		72,006			67,433			177,355			9,880			287,109			177,301
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	117,818		$	59,104		$	259,357		$	136,478		$	414,813		$	301,953

See Notes to Financial Statements

SA-36

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

	Variable Accounts
	Fidelity VIP															Fidelity VIP
	Consumer			Fidelity VIP			Fidelity VIP			Fidelity VIP			Fidelity VIP			Extended Market
	Discretionary			Contrafund			Contrafund			Emerging Markets			Energy			Index
	Initial Class			Initial Class			Service Class 2			Initial Class			Initial Class			Initial Class
INVESTMENT INCOME
Dividends	$	4		$	7,958		$	851,967		$	26,009		$	33,631		$	50,061
EXPENSES
Mortality and expense risk		8			1,693			3,009,199			1,510			1,704			3,766
Administrative fees		15			2,485			677,076			2,733			2,489			5,736
Total Expenses		23			4,178			3,686,275			4,243			4,193			9,502
Net Investment Income (Loss)		(19	)		3,780			(2,834,308	)		21,766			29,438			40,559
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		3			(13,733	)		(2,166,792	)		(12,921	)		(22,706	)		(26,362	)
Capital gain distributions		-			47,051			11,871,769			-			-			-
Realized Gain (Loss) on Investments		3			33,318			9,704,977			(12,921	)		(22,706	)		(26,362	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		1,868			182,681			78,956,050			65,809			(38,879	)		390,454
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	1,852		$	219,779		$	85,826,719		$	74,654		$	(32,147	)	$	404,651

							Fidelity VIP			Fidelity VIP			Fidelity VIP			Fidelity VIP
	Fidelity VIP			Fidelity VIP			Government			Government			Government			Growth
	FundsManager 60%			FundsManager 60%			Money Market			Money Market			Money Market			Opportunities
	Investor Class			Service Class 2			Initial Class			Investor Class (1)			Service Class			Initial Class
INVESTMENT INCOME
Dividends	$	4,506,214		$	8,676,288		$	877,141		$	3,581		$	24,142,225		$	-
EXPENSES
Mortality and expense risk		1,044,326			3,971,659			32,101			527			5,137,099			979
Administrative fees		348,109			889,962			54,479			176			1,047,760			1,675
Total Expenses		1,392,435			4,861,621			86,580			703			6,184,859			2,654
Net Investment Income (Loss)		3,113,779			3,814,667			790,561			2,878			17,957,366			(2,654	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(31,582	)		(12,586,292	)		-			-			-			(10,565	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(31,582	)		(12,586,292	)		-			-			-			(10,565	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		13,426,610			55,550,820			-			-			-			217,765
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	16,508,807		$	46,779,195		$	790,561		$	2,878		$	17,957,366		$	204,546

(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-37

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
				Fidelity VIP									First Trust			First Trust
	Fidelity VIP			Investment			Fidelity VIP			Fidelity VIP			Dorsey Wright			Multi Income
	Index 500			Grade Bond			Strategic Income			Value Strategies			Tactical Core			Allocation
	Initial Class			Initial Class			Service Class 2			Initial Class			Class I			Class I
INVESTMENT INCOME
Dividends	$	64,200		$	90,765		$	3,629,108		$	9,425		$	704,571		$	609,297
EXPENSES
Mortality and expense risk		8,584			4,376			760,557			1,566			317,319			166,859
Administrative fees		11,565			8,316			183,036			2,066			75,057			40,801
Total Expenses		20,149			12,692			943,593			3,632			392,376			207,660
Net Investment Income (Loss)		44,051			78,073			2,685,515			5,793			312,195			401,637
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(30,710	)		(24,398	)		(1,982,810	)		(23,033	)		(377,805	)		13,594
Capital gain distributions		30,678			-			-			30,567			-			526,664
Realized Gain (Loss) on Investments		(32	)		(24,398	)		(1,982,810	)		7,534			(377,805	)		540,258
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		864,826			92,551			5,702,163			140,757			3,377,709			388,021
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	908,845		$	146,226		$	6,404,868		$	154,084		$	3,312,099		$	1,329,916

	First Trust/Dow															Franklin
	Jones Dividend &			Franklin			Franklin			Franklin			Franklin			Mutual Global
	Income Allocation			Allocation			Allocation			Income			Income			Discovery
	Class I			VIP Class 2			VIP Class 4			VIP Class 1			VIP Class 2			VIP Class 2
INVESTMENT INCOME
Dividends	$	13,227,704		$	317,941		$	2,977,510		$	17,182		$	3,076,306		$	3,619,298
EXPENSES
Mortality and expense risk		6,144,279			149,602			2,666,259			514			589,381			1,194,385
Administrative fees		1,308,670			33,148			475,403			980			125,559			259,556
Total Expenses		7,452,949			182,750			3,141,662			1,494			714,940			1,453,941
Net Investment Income (Loss)		5,774,755			135,191			(164,152	)		15,688			2,361,366			2,165,357
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(2,352,320	)		(1,116,350	)		(9,378,847	)		(1,146	)		(1,577,307	)		(2,347,669	)
Capital gain distributions		10,185,117			369,055			3,696,057			19,790			3,729,468			7,876,504
Realized Gain (Loss) on Investments		7,832,797			(747,295	)		(5,682,790	)		18,644			2,152,161			5,528,835
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		37,168,737			3,472,019			33,774,396			(7,868	)		(422,376	)		18,622,927
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	50,776,289		$	2,859,915		$	27,927,454		$	26,464		$	4,091,151		$	26,317,119

See Notes to Financial Statements

SA-38

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
				Franklin			Franklin			Franklin			Franklin			Franklin
	Franklin			Rising			Rising			Small Cap			Small-Mid			Strategic
	Mutual Shares			Dividends			Dividends			Value			Cap Growth			Income
	VIP Class 1			VIP Class 1			VIP Class 2			VIP Class 1			VIP Class 1			VIP Class 1
INVESTMENT INCOME
Dividends	$	1,272		$	12,690		$	2,063,562		$	1,458		$	-		$	15,353
EXPENSES
Mortality and expense risk		106			2,337			2,092,570			347			822			897
Administrative fees		211			3,690			461,811			625			1,538			1,577
Total Expenses		317			6,027			2,554,381			972			2,360			2,474
Net Investment Income (Loss)		955			6,663			(490,819	)		486			(2,360	)		12,879
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(208	)		(43,990	)		76,926			(7,187	)		(65,313	)		(21,411	)
Capital gain distributions		5,100			115,021			23,683,050			10,534			-			-
Realized Gain (Loss) on Investments		4,892			71,031			23,759,976			3,347			(65,313	)		(21,411	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		11,020			57,025			31,010			24,234			215,879			59,893
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	16,867		$	134,719		$	23,300,167		$	28,067		$	148,206		$	51,361

										Goldman Sachs			Goldman Sachs			Goldman Sachs
										VIT Large Cap			VIT Mid Cap			VIT Strategic
	Templeton			Templeton			Templeton			Value			Value			Growth
	Foreign			Global Bond			Global Bond			Institutional			Institutional			Institutional
	VIP Class 1			VIP Class 1			VIP Class 2			Shares			Shares			Shares
INVESTMENT INCOME
Dividends	$	4,224		$	-		$	-		$	1,643		$	2,875		$	-
EXPENSES
Mortality and expense risk		158			441			516,630			286			422			920
Administrative fees		316			816			114,157			442			729			1,100
Total Expenses		474			1,257			630,787			728			1,151			2,020
Net Investment Income (Loss)		3,750			(1,257	)		(630,787	)		915			1,724			(2,020	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(471	)		(1,592	)		(2,997,981	)		(1,955	)		(12,618	)		(944	)
Capital gain distributions		-			-			-			8,297			7,082			19,385
Realized Gain (Loss) on Investments		(471	)		(1,592	)		(2,997,981	)		6,342			(5,536	)		18,441
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		16,835			12,233			4,421,837			7,661			32,891			94,155
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	20,114		$	9,384		$	793,069		$	14,918		$	29,079		$	110,576

See Notes to Financial Statements

SA-39

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
	Goldman Sachs
	VIT Trends			Janus			Janus			Janus			Janus
	Driven Allocation			Henderson			Henderson			Henderson			Henderson			LVIP JPMorgan
	Institutional			Balanced			Balanced			Enterprise			Flexible Bond			Core Bond
		Shares			Institutional Shares			Service Shares			Institutional Shares			Service Shares			Class 1
INVESTMENT INCOME
Dividends	$	2,471		$	34,093		$	96,107,536		$	1,343		$	1,106,764		$	37,624
EXPENSES
Mortality and expense risk		460			2,959			52,660,309			2,030			301,976			3,245
Administrative fees		471			5,902			12,457,096			2,288			67,528			2,346
Total Expenses		931			8,861			65,117,405			4,318			369,504			5,591
Net Investment Income (Loss)		1,540			25,232			30,990,131			(2,975	)		737,260			32,033
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(15,054	)		(134,524	)		(44,903,087	)		(2,579	)		(981,402	)		(5,146	)
Capital gain distributions		-			-			-			51,459			-			-
Realized Gain (Loss) on Investments		(15,054	)		(134,524	)		(44,903,087	)		48,880			(981,402	)		(5,146	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		38,707			404,147			703,226,274			75,110			1,442,056			8,382
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	25,193		$	294,855		$	689,313,318		$	121,015		$	1,197,914		$	35,269

								ClearBridge						Lord Abbett
		LVIP JPMorgan			LVIP JPMorgan			Variable			Western Asset			Bond			Lord Abbett
		Mid Cap Value			U.S. Equity			Aggressive			Core Plus			Debenture			Total Return
		Class 1			Class 1			Growth - Class II			VIT Class I			Class VC			Class VC
INVESTMENT INCOME
Dividends	$	18,772		$	236		$	8,398		$	84,079		$	6,737,402		$	10,021,139
EXPENSES
Mortality and expense risk		2,654			186			114,249			3,309			1,131,379			1,621,113
Administrative fees		1,510			22			27,577			5,614			254,470			372,858
Total Expenses		4,164			208			141,826			8,923			1,385,849			1,993,971
Net Investment Income (Loss)		14,608			28			(133,428	)		75,156			5,351,553			8,027,168
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(6,988	)		32			(1,212,496	)		(142,903	)		(4,427,903	)		(5,284,543	)
Capital gain distributions		48,915			695			1,387,964			-			-			-
Realized Gain (Loss) on Investments		41,927			727			175,468			(142,903	)		(4,427,903	)		(5,284,543	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		2,461			2,606			2,668,945			186,820			6,201,184			9,505,448
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	58,996		$	3,361		$	2,710,985		$	119,073		$	7,124,834		$	12,248,073

See Notes to Financial Statements

SA-40

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
				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	$	12,209		$	32,545		$	-		$	7,867,199		$	9,296		$	1,934,480
EXPENSES
Mortality and expense risk		2,297			446,034			1,512			4,295,517			469			580,270
Administrative fees		3,228			102,081			1,985			917,776			691			128,301
Total Expenses		5,525			548,115			3,497			5,213,293			1,160			708,571
Net Investment Income (Loss)		6,684			(515,570	)		(3,497	)		2,653,906			8,136			1,225,909
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(49,089	)		99,664			(24,538	)		(3,313,563	)		(8,118	)		(678,167	)
Capital gain distributions		34,815			3,518,504			-			18,777,267			14,383			3,244,812
Realized Gain (Loss) on Investments		(14,274	)		3,618,168			(24,538	)		15,463,704			6,265			2,566,645
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		153,290			10,968,459			119,375			18,229,162			(21,807	)		(6,055,244	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	145,700		$	14,071,057		$	91,340		$	36,346,772		$	(7,406	)	$	(2,262,690	)

	MFS			MFS			Neuberger Berman
	Value			Value			U.S. Equity Index			TOPS			TOPS			TOPS
	Series -			Series -			PutWrite Strategy			Aggressive Growth			Balanced			Conservative
	Initial Class			Service Class			Class S			ETF Class 1			ETF Class 1			ETF Class 1
INVESTMENT INCOME
Dividends	$	3,349		$	1,041,010		$	-		$	4,852		$	2,766		$	7,355
EXPENSES
Mortality and expense risk		609			499,132			38,754			194			321			520
Administrative fees		959			110,332			9,944			388			498			1,041
Total Expenses		1,568			609,464			48,698			582			819			1,561
Net Investment Income (Loss)		1,781			431,546			(48,698	)		4,270			1,947			5,794
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(2,548	)		228,667			(252,710	)		2			(5,379	)		(4,520	)
Capital gain distributions		14,078			5,218,112			-			1,937			1,808			8,283
Realized Gain (Loss) on Investments		11,530			5,446,779			(252,710	)		1,939			(3,571	)		3,763
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		48,279			(1,064,521	)		872,025			46,733			19,852			15,896
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	61,590		$	4,813,804		$	570,617		$	52,942		$	18,228		$	25,453

See Notes to Financial Statements

SA-41

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

	Variable Accounts
																PIMCO
				TOPS			TOPS									Commodity-
	TOPS			Managed Risk			Managed Risk			TOPS						RealReturn
	Growth			Balanced			Growth			Moderate Growth			PIMCO All Asset -			Strategy -
	ETF Class 1			ETF Class 1 (1)			ETF Class 1			ETF Class 1			Advisor Class			Advisor Class
INVESTMENT INCOME
Dividends	$	6,187		$	2,767		$	62		$	261		$	113,669		$	3,900,248
EXPENSES
Mortality and expense risk		410			372			65			13			40,315			220,431
Administrative fees		653			743			79			25			8,928			51,663
Total Expenses		1,063			1,115			144			38			49,243			272,094
Net Investment Income (Loss)		5,124			1,652			(82	)		223			64,426			3,628,154
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(238	)		(23	)		(445	)		150			(389,681	)		(4,103,526	)
Capital gain distributions		4,382			2,662			13			173			-			-
Realized Gain (Loss) on Investments		4,144			2,639			(432	)		323			(389,681	)		(4,103,526	)
CHANGE IN NET UNREALIZED APPRECIATION  (DEPRECIATION) ON INVESTMENTS		42,095			20,384			13,256			926			604,826			(2,139,821	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	51,363		$	24,675		$	12,742		$	1,472		$	279,571		$	(2,615,193	)

	PIMCO						PIMCO
	Emerging Markets						Long-Term U.S.			PIMCO			PIMCO
	Bond -						Government -			Low Duration -			Total Return -			PSF Mid-Cap
	Institutional			PIMCO Income -			Institutional			Institutional			Institutional			Growth
	Class			Advisor Class			Class			Class			Class			Class II
INVESTMENT INCOME
Dividends	$	13,699		$	1,463,150		$	10,083		$	69,412		$	57,539		$	-
EXPENSES
Mortality and expense risk		440			261,896			626			3,856			2,758			351
Administrative fees		710			57,919			1,178			5,316			4,594			35
Total Expenses		1,150			319,815			1,804			9,172			7,352			386
Net Investment Income (Loss)		12,549			1,143,335			8,279			60,240			50,187			(386	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(41,056	)		(1,082,711	)		(13,170	)		(6,538	)		(37,555	)		674
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(41,056	)		(1,082,711	)		(13,170	)		(6,538	)		(37,555	)		674
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		49,566			2,070,167			16,657			44,328			111,575			4,046
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	21,059		$	2,130,791		$	11,766		$	98,030		$	124,207		$	4,334

(1) Operations commenced or resumed during 2023 (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 OR PERIOD ENDED DECEMBER 31, 2023

	Variable Accounts
	PSF PGIM			PSF PGIM
	Jennison			Jennison			Schwab									Schwab
	Growth			Value			Government			Schwab			Schwab			VIT Balanced
	Class II			Class II			Money Market (1)			S&P 500 Index			VIT Balanced			with Growth
INVESTMENT INCOME
Dividends	$	-		$	-		$	619		$	361,434		$	1,061,784		$	2,119,168
EXPENSES
Mortality and expense risk		1,250			1,238			54			46,385			205,347			491,004
Administrative fees		142			136			38			80,403			141,898			320,274
Total Expenses		1,392			1,374			92			126,788			347,245			811,278
Net Investment Income (Loss)		(1,392	)		(1,374	)		527			234,646			714,539			1,307,890
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		2,895			3,868			-			(229,758	)		329,063			1,409,212
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		2,895			3,868			-			(229,758	)		329,063			1,409,212
CHANGE IN NET UNREALIZED APPRECIATION  (DEPRECIATION) ON INVESTMENTS		36,378			8,802			-			6,398,822			5,167,403			14,208,017
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	37,881		$	11,296		$	527		$	6,403,710		$	6,211,005		$	16,925,119

					State Street			T. Rowe Price			T. Rowe Price			T. Rowe Price			VanEck VIP
		Schwab			Total Return			Blue Chip			Equity			Health			Global Resources
		VIT Growth			V.I.S. Class 3			Growth - I			Income - I			Sciences - I			Class S
INVESTMENT INCOME
Dividends	$	2,207,197		$	5,562,250		$	-		$	7,492		$	-		$	604,400
EXPENSES
Mortality and expense risk		511,924			2,905,825			2,467			607			1,158			239,415
Administrative fees		354,167			534,097			4,095			1,005			1,538			52,311
Total Expenses		866,091			3,439,922			6,562			1,612			2,696			291,726
Net Investment Income (Loss)		1,341,106			2,122,328			(6,562	)		5,880			(2,696	)		312,674
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		1,471,979			(5,215,243	)		(101,456	)		(3,084	)		(25,048	)		(364,457	)
Capital gain distributions		-			-			-			20,178			21,021			-
Realized Gain (Loss) on Investments		1,471,979			(5,215,243	)		(101,456	)		17,094			(4,027	)		(364,457	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		19,321,920			39,009,642			596,965			12,694			23,604			(1,515,880	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	22,135,005		$	35,916,727		$	488,947		$	35,668		$	16,881		$	(1,567,663	)

(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-43

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
							Vanguard VIF			Vanguard VIF			Vanguard VIF			Vanguard VIF
	Vanguard VIF			Vanguard VIF			Conservative			Diversified			Equity			Equity
	Balanced			Capital Growth			Allocation			Value			Income			Index
INVESTMENT INCOME
Dividends	$	254,308		$	15,857		$	79,098		$	17,308		$	73,595		$	32,924
EXPENSES
Mortality and expense risk		22,342			2,850			8,071			2,690			7,012			3,831
Administrative fees		38,497			5,084			15,412			3,505			10,211			7,334
Total Expenses		60,839			7,934			23,483			6,195			17,223			11,165
Net Investment Income (Loss)		193,469			7,923			55,615			11,113			56,372			21,759
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(619,453	)		(116,180	)		(179,069	)		(59,731	)		(89,672	)		(41,414	)
Capital gain distributions		492,828			76,393			102,377			65,791			143,885			72,918
Realized Gain (Loss) on Investments		(126,625	)		(39,787	)		(76,692	)		6,060			54,213			31,504
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		1,649,314			443,669			607,340			194,575			192,277			495,923
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	1,716,158		$	411,805		$	586,263		$	211,748		$	302,862		$	549,186

	Vanguard VIF						Vanguard VIF						Vanguard VIF			Vanguard VIF
	Global Bond			Vanguard VIF			High Yield			Vanguard VIF			Mid-Cap			Moderate
	Index			Growth			Bond			International			Index			Allocation
INVESTMENT INCOME
Dividends	$	18,544		$	4,286		$	44,551		$	8,133		$	51,993		$	299,712
EXPENSES
Mortality and expense risk		2,747			4,618			2,189			1,791			7,520			25,799
Administrative fees		3,485			7,012			3,563			2,826			13,497			44,846
Total Expenses		6,232			11,630			5,752			4,617			21,017			70,645
Net Investment Income (Loss)		12,312			(7,344	)		38,799			3,516			30,976			229,067
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(8,701	)		(217,393	)		(21,865	)		(7,795	)		(118,668	)		(906,839	)
Capital gain distributions		1,615			-			-			17,538			65,246			477,697
Realized Gain (Loss) on Investments		(7,086	)		(217,393	)		(21,865	)		9,743			(53,422	)		(429,142	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		67,669			957,675			139,918			111,329			798,749			2,416,940
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	72,895		$	732,938		$	156,852		$	124,588		$	776,303		$	2,216,865

See Notes to Financial Statements

SA-44

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
										Vanguard VIF
				Vanguard VIF						Total
	Vanguard VIF			Short-Term			Vanguard VIF			International			Vanguard VIF
	Real Estate			Investment-			Total Bond			Stock Market			Total Stock
	Index			Grade			Market Index			Index			Market Index
INVESTMENT INCOME
Dividends	$	33,218		$	87,900		$	234,679		$	224,232		$	90,962
EXPENSES
Mortality and expense risk		2,829			9,226			20,920			15,410			15,476
Administrative fees		5,099			14,705			34,347			25,777			26,884
Total Expenses		7,928			23,931			55,267			41,187			42,360
Net Investment Income (Loss)		25,290			63,969			179,412			183,045			48,602
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(115,968	)		(41,857	)		(507,645	)		(212,265	)		(220,768	)
Capital gain distributions		62,668			-			-			93,897			443,326
Realized Gain (Loss) on Investments		(53,300	)		(41,857	)		(507,645	)		(118,368	)		222,558
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		263,481			286,264			973,140			1,265,017			1,873,983
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	235,471		$	308,376		$	644,907		$	1,329,694		$	2,145,143

See Notes to Financial Statements

SA-45

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS

	Variable Accounts
	Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	Core Income						Diversified Bond						Floating Rate Income
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(406,231	)	$	(402,474	)	$	(2,021,594	)	$	(2,300,476	)	$	(2,115,255	)	$	(2,059,520	)
Realized gain (loss) on investments		(384,585	)		(532,190	)		(3,187,434	)		(5,005,758	)		872,396			(736,909	)
Change in net unrealized appreciation (depreciation) on investments		3,318,404			(4,494,953	)		9,042,273			(38,905,212	)		21,054,087			(2,008,250	)
Net Increase (Decrease) in Net Assets Resulting from Operations		2,527,588			(5,429,617	)		3,833,245			(46,211,446	)		19,811,228			(4,804,679	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		3,886,051			3,309,364			9,583,262			10,441,602			6,788,538			12,247,378
Transfers between variable and fixed accounts, net		3,993,593			1,988,801			1,448,543			(7,660,091	)		10,075,003			24,545,729
Contract benefits and terminations		(4,517,692	)		(3,680,029	)		(23,777,455	)		(17,421,538	)		(24,893,129	)		(20,043,735	)
Contract charges and deductions		(8,389	)		(4,300	)		(273,212	)		(280,737	)		(228,082	)		(240,825	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		390			380			(3,800	)		(2,117	)		(10,328	)		325
Other		2,900			2,639			440			3,215			(1,127	)		(8,707	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		3,356,853			1,616,855			(13,022,222	)		(14,919,666	)		(8,269,125	)		16,500,165
NET INCREASE (DECREASE) IN NET ASSETS		5,884,441			(3,812,762	)		(9,188,977	)		(61,131,112	)		11,542,103			11,695,486
NET ASSETS
Beginning of Year		35,591,556			39,404,318			181,360,873			242,491,985			164,826,879			153,131,393
End of Year	$	41,475,997		$	35,591,556		$	172,171,896		$	181,360,873		$	176,368,982		$	164,826,879

		Floating Rate Income						High Yield Bond						Inflation Managed
		Class P						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(8,133	)	$	(5,521	)	$	(1,644,392	)	$	(1,871,145	)	$	(2,141,977	)	$	(2,538,294	)
Realized gain (loss) on investments		504			(6,847	)		5,433,770			11,604,730			2,746,431			(1,375,154	)
Change in net unrealized appreciation (depreciation) on investments		205,195			(5,018	)		9,064,806			(28,715,987	)		2,953,586			(23,198,842	)
Net Increase (Decrease) in Net Assets Resulting from Operations		197,566			(17,386	)		12,854,184			(18,982,402	)		3,558,040			(27,112,290	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		764,597			602,643			4,242,943			3,702,160			4,328,789			8,281,465
Transfers between variable and fixed accounts, net		262,865			40,800			11,344,993			(14,654,586	)		(814,111	)		(4,667,467	)
Contract benefits and terminations		(71,771	)		(362,148	)		(17,513,995	)		(15,296,489	)		(21,886,973	)		(21,341,174	)
Contract charges and deductions		-			-			(277,525	)		(295,320	)		(291,496	)		(318,890	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(1,362	)		(9,710	)		(5,210	)		(9,662	)
Other		86			(14	)		9,729			1,765			1,293			(3,775	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		955,777			281,281			(2,195,217	)		(26,552,180	)		(18,667,708	)		(18,059,503	)
NET INCREASE (DECREASE) IN NET ASSETS		1,153,343			263,895			10,658,967			(45,534,582	)		(15,109,668	)		(45,171,793	)
NET ASSETS
Beginning of Year		1,086,656			822,761			123,579,098			169,113,680			168,900,461			214,072,254
End of Year	$	2,239,999		$	1,086,656		$	134,238,065		$	123,579,098		$	153,790,793		$	168,900,461

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,
	2023			2022			2023			2022			2023			2022

	Intermediate Bond						Managed Bond						Short Duration Bond
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(145,077	)	$	(37,146	)	$	(3,659,457	)	$	(4,206,282	)	$	(3,090,020	)	$	(3,363,749	)
Realized gain (loss) on investments		(271,494	)		(59,767	)		4,324,927			9,538,846			2,762,425			(944,004	)
Change in net unrealized appreciation (depreciation) on investments		1,134,080			(309,874	)		13,873,516			(61,940,554	)		11,498,556			(15,292,588	)
Net Increase (Decrease) in Net Assets Resulting from Operations		717,509			(406,787	)		14,538,986			(56,607,990	)		11,170,961			(19,600,341	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		5,128,019			3,165,724			12,644,079			17,421,036			8,599,653			15,031,108
Transfers between variable and fixed accounts, net		9,119,186			4,313,334			9,550,191			(10,017,580	)		10,539,326			(10,329,463	)
Contract benefits and terminations		(1,318,812	)		(141,946	)		(39,998,307	)		(49,095,017	)		(46,454,452	)		(41,956,377	)
Contract charges and deductions		(26,317	)		(10,484	)		(552,648	)		(585,728	)		(1,197,455	)		(1,295,262	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(1,828	)		(38,681	)		(9,190	)		(479	)
Other		3,318			(305	)		15,453			23,452			2,134			387
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		12,905,394			7,326,323			(18,343,060	)		(42,292,518	)		(28,519,984	)		(38,550,086	)
NET INCREASE (DECREASE) IN NET ASSETS		13,622,903			6,919,536			(3,804,074	)		(98,900,508	)		(17,349,023	)		(58,150,427	)
NET ASSETS
Beginning of Year		7,883,500			963,964			293,086,505			391,987,013			310,345,111			368,495,538
End of Year	$	21,506,403		$	7,883,500		$	289,282,431		$	293,086,505		$	292,996,088		$	310,345,111

		Emerging Markets Debt						Dividend Growth						Equity Index
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(144,800	)	$	(165,378	)	$	(4,921,862	)	$	(4,899,463	)	$	(16,459,392	)	$	(16,310,170	)
Realized gain (loss) on investments		193,758			143,218			7,934,766			10,444,131			7,360,130			(5,628,567	)
Change in net unrealized appreciation (depreciation) on investments		1,226,693			(1,690,517	)		46,845,495			(61,173,849	)		321,771,232			(292,077,983	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,275,651			(1,712,677	)		49,858,399			(55,629,181	)		312,671,970			(314,016,720	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		511,536			264,743			33,147,049			30,591,946			117,626,972			110,006,276
Transfers between variable and fixed accounts, net		(69,735	)		(1,093,640	)		7,824,425			(3,181,764	)		2,241,297			(2,561,790	)
Contract benefits and terminations		(1,866,136	)		(2,167,787	)		(46,822,541	)		(38,649,440	)		(151,559,114	)		(124,618,376	)
Contract charges and deductions		(25,058	)		(29,097	)		(810,999	)		(792,507	)		(740,569	)		(608,183	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(5,713	)		(4,265	)		2,296			(12,987	)
Other		(359	)		(107	)		(3,110	)		38,021			(13,808	)		6,704
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(1,449,752	)		(3,025,888	)		(6,670,889	)		(11,998,009	)		(32,442,926	)		(17,788,356	)
NET INCREASE (DECREASE) IN NET ASSETS		(174,101	)		(4,738,565	)		43,187,510			(67,627,190	)		280,229,044			(331,805,076	)
NET ASSETS
Beginning of Year		12,528,823			17,267,388			417,480,008			485,107,198			1,298,658,388			1,630,463,464
End of Year	$	12,354,722		$	12,528,823		$	460,667,518		$	417,480,008		$	1,578,887,432		$	1,298,658,388

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,
	2023			2022			2023			2022			2023			2022

	Focused Growth						Growth						Hedged Equity
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(2,518,353	)	$	(2,463,257	)	$	(4,221,719	)	$	(4,289,870	)	$	(1,989,378	)	$	(953,400	)
Realized gain (loss) on investments		2,330,527			5,710,646			11,298,301			13,572,389			(434,338	)		(1,211,273	)
Change in net unrealized appreciation (depreciation) on investments		60,144,164			(93,523,205	)		91,193,665			(154,688,523	)		22,953,628			(2,765,995	)
Net Increase (Decrease) in Net Assets Resulting from Operations		59,956,338			(90,275,816	)		98,270,247			(145,406,004	)		20,529,912			(4,930,668	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		15,064,072			11,372,052			19,076,142			16,575,457			39,525,984			39,151,807
Transfers between variable and fixed accounts, net		8,136,780			(1,007,094	)		8,196,291			(786,278	)		54,857,624			56,494,250
Contract benefits and terminations		(20,680,340	)		(18,809,717	)		(34,143,246	)		(29,466,358	)		(8,101,484	)		(5,118,697	)
Contract charges and deductions		(210,144	)		(181,334	)		(406,336	)		(376,774	)		(1,807,289	)		(877,331	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(514	)		(3,238	)		(3,204	)		(5,388	)		-			-
Other		(7,802	)		5,644			26,609			47,548			(1,932	)		34,179
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,302,052			(8,623,687	)		(7,253,744	)		(14,011,793	)		84,472,903			89,684,208
NET INCREASE (DECREASE) IN NET ASSETS		62,258,390			(98,899,503	)		91,016,503			(159,417,797	)		105,002,815			84,753,540
NET ASSETS
Beginning of Year		167,698,636			266,598,139			295,380,893			454,798,690			121,716,044			36,962,504
End of Year	$	229,957,026		$	167,698,636		$	386,397,396		$	295,380,893		$	226,718,859		$	121,716,044

		Hedged Equity						Large-Cap Core						Large-Cap Growth
		Class P						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(10,529	)	$	(2,325	)	$	(3,320,945	)	$	(3,508,685	)	$	(2,929,691	)	$	(2,981,329	)
Realized gain (loss) on investments		(852	)		(2,514	)		13,767,958			20,910,663			16,765,763			8,606,304
Change in net unrealized appreciation (depreciation) on investments		312,712			(8,811	)		45,247,210			(83,810,553	)		67,890,975			(131,126,463	)
Net Increase (Decrease) in Net Assets Resulting from Operations		301,331			(13,650	)		55,694,223			(66,408,575	)		81,727,047			(125,501,488	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		225,448			921,232			15,676,391			7,705,190			10,020,210			13,230,471
Transfers between variable and fixed accounts, net		614,648			532,079			(240,633	)		(2,677,191	)		1,338,376			2,424,272
Contract benefits and terminations		(26,150	)		(10,128	)		(29,193,475	)		(28,219,627	)		(29,350,075	)		(23,675,007	)
Contract charges and deductions		(16,805	)		(4,789	)		(368,081	)		(375,453	)		(211,508	)		(203,836	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(11,449	)		(25,351	)		(8,332	)		(14,854	)
Other		(25	)		(18	)		4,183			20,329			33,833			(1,424	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		797,116			1,438,376			(14,133,064	)		(23,572,103	)		(18,177,496	)		(8,240,378	)
NET INCREASE (DECREASE) IN NET ASSETS		1,098,447			1,424,726			41,561,159			(89,980,678	)		63,549,551			(133,741,866	)
NET ASSETS
Beginning of Year		1,540,599			115,873			227,087,139			317,067,817			194,888,783			328,630,649
End of Year	$	2,639,046		$	1,540,599		$	268,648,298		$	227,087,139		$	258,438,334		$	194,888,783

See Notes to Financial Statements

SA-48

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,
	2023			2022			2023			2022			2023			2022

	Large-Cap Value						Mid-Cap Equity						Mid-Cap Growth
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(3,083,327	)	$	(3,118,935	)	$	(2,779,585	)	$	(3,061,691	)	$	(3,169,293	)	$	(3,363,220	)
Realized gain (loss) on investments		16,181,852			(810,820	)		16,278,034			4,594,998			8,033,924			5,662,697
Change in net unrealized appreciation (depreciation) on investments		17,426,685			(16,499,662	)		14,284,741			(50,140,731	)		39,801,774			(119,065,705	)
Net Increase (Decrease) in Net Assets Resulting from Operations		30,525,210			(20,429,417	)		27,783,190			(48,607,424	)		44,666,405			(116,766,228	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		14,398,494			15,308,554			8,493,358			10,470,875			14,261,882			11,925,667
Transfers between variable and fixed accounts, net		(9,058,915	)		8,365,340			(3,570,631	)		3,854,418			8,317,131			9,003,560
Contract benefits and terminations		(28,023,612	)		(19,657,798	)		(24,333,931	)		(19,030,116	)		(27,038,504	)		(24,186,367	)
Contract charges and deductions		(203,294	)		(208,042	)		(246,242	)		(253,112	)		(511,645	)		(522,783	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		2,400			(3,920	)		675			481			(1,643	)		(4,728	)
Other		25,880			15,934			9,303			6,521			(449	)		(12,698	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(22,859,047	)		3,820,068			(19,647,468	)		(4,950,933	)		(4,973,228	)		(3,797,349	)
NET INCREASE (DECREASE) IN NET ASSETS		7,666,163			(16,609,349	)		8,135,722			(53,558,357	)		39,693,177			(120,563,577	)
NET ASSETS
Beginning of Year		239,660,488			256,269,837			211,893,276			265,451,633			247,780,894			368,344,471
End of Year	$	247,326,651		$	239,660,488		$	220,028,998		$	211,893,276		$	287,474,071		$	247,780,894

		Mid-Cap Value						Small-Cap Equity						Small-Cap Growth
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,197,122	)	$	(1,281,872	)	$	(670,936	)	$	(755,340	)	$	(1,343,984	)	$	(1,408,645	)
Realized gain (loss) on investments		3,878,032			(127,452	)		2,539,043			1,206,139			410,052			(1,972,493	)
Change in net unrealized appreciation (depreciation) on investments		12,237,136			(8,843,335	)		5,039,058			(10,400,174	)		15,184,101			(44,741,138	)
Net Increase (Decrease) in Net Assets Resulting from Operations		14,918,046			(10,252,659	)		6,907,165			(9,949,375	)		14,250,169			(48,122,276	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		7,068,409			7,321,748			2,951,486			5,845,852			5,281,554			7,128,960
Transfers between variable and fixed accounts, net		5,453,685			(5,978,837	)		5,953,691			(5,814,947	)		1,688,948			11,339,161
Contract benefits and terminations		(11,841,371	)		(10,015,500	)		(9,640,025	)		(5,417,337	)		(11,127,927	)		(10,269,787	)
Contract charges and deductions		(170,693	)		(168,350	)		(89,279	)		(93,690	)		(299,464	)		(306,618	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(10,215	)		(634	)		2,812			(3,097	)		(3,280	)		(2,861	)
Other		(9,303	)		(2,096	)		(199	)		(948	)		(4,316	)		(7,064	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		490,512			(8,843,669	)		(821,514	)		(5,484,167	)		(4,464,485	)		7,881,791
NET INCREASE (DECREASE) IN NET ASSETS		15,408,558			(19,096,328	)		6,085,651			(15,433,542	)		9,785,684			(40,240,485	)
NET ASSETS
Beginning of Year		101,437,822			120,534,150			58,278,803			73,712,345			112,684,447			152,924,932
End of Year	$	116,846,380		$	101,437,822		$	64,364,454		$	58,278,803		$	122,470,131		$	112,684,447

See Notes to Financial Statements

SA-49

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,
	2023			2022			2023			2022			2023			2022

	Small-Cap Index						Small-Cap Value						Value
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(2,821,047	)	$	(3,066,828	)	$	(1,336,022	)	$	(1,526,985	)	$	(1,748,757	)	$	(1,868,761	)
Realized gain (loss) on investments		5,601,799			5,530,358			3,879,583			6,532,013			15,169,669			7,614,061
Change in net unrealized appreciation (depreciation) on investments		30,851,168			(67,238,281	)		4,075,220			(29,747,506	)		(9,467,542	)		(8,773,661	)
Net Increase (Decrease) in Net Assets Resulting from Operations		33,631,920			(64,774,751	)		6,618,781			(24,742,478	)		3,953,370			(3,028,361	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		13,137,183			12,241,628			4,509,203			6,254,005			4,214,270			5,302,581
Transfers between variable and fixed accounts, net		11,095,219			1,856,404			1,851,772			(7,680,289	)		(6,582,510	)		4,833,556
Contract benefits and terminations		(27,634,505	)		(22,674,898	)		(10,537,592	)		(11,349,843	)		(19,289,386	)		(16,790,518	)
Contract charges and deductions		(194,561	)		(206,775	)		(169,000	)		(174,141	)		(631,544	)		(702,903	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		4,930			(16,204	)		4,938			(2,896	)		(1,947	)		203
Other		(6,331	)		(5,535	)		2,077			12			2,808			8,248
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(3,598,065	)		(8,805,380	)		(4,338,602	)		(12,953,152	)		(22,288,309	)		(7,348,833	)
NET INCREASE (DECREASE) IN NET ASSETS		30,033,855			(73,580,131	)		2,280,179			(37,695,630	)		(18,334,939	)		(10,377,194	)
NET ASSETS
Beginning of Year		223,773,824			297,353,955			108,567,265			146,262,895			177,385,602			187,762,796
End of Year	$	253,807,679		$	223,773,824		$	110,847,444		$	108,567,265		$	159,050,663		$	177,385,602

		Value Advantage						Emerging Markets						International Growth
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(907,681	)	$	(975,828	)	$	(1,840,683	)	$	(1,883,208	)	$	(27,907	)	$	(7,652	)
Realized gain (loss) on investments		(213,222	)		(1,058,747	)		2,112,028			(1,522,859	)		(37,788	)		(47,241	)
Change in net unrealized appreciation (depreciation) on investments		7,321,933			(3,074,733	)		10,511,425			(45,651,155	)		337,647			(51,671	)
Net Increase (Decrease) in Net Assets Resulting from Operations		6,201,030			(5,109,308	)		10,782,770			(49,057,222	)		271,952			(106,564	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		5,837,751			7,266,819			5,483,500			4,850,561			1,390,887			969,514
Transfers between variable and fixed accounts, net		(10,311,855	)		16,072,985			5,322,987			13,420,508			542,565			299,146
Contract benefits and terminations		(9,171,760	)		(5,860,233	)		(15,798,677	)		(12,475,381	)		(211,034	)		(20,116	)
Contract charges and deductions		(93,106	)		(92,890	)		(323,668	)		(320,780	)		(2,957	)		(801	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		193			181			714			(5,478	)		-			-
Other		(2,514	)		(6,939	)		577			1,596			3,869			(49	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(13,741,291	)		17,379,923			(5,314,567	)		5,471,026			1,723,330			1,247,694
NET INCREASE (DECREASE) IN NET ASSETS		(7,540,261	)		12,270,615			5,468,203			(43,586,196	)		1,995,282			1,141,130
NET ASSETS
Beginning of Year		89,631,172			77,360,557			140,559,979			184,146,175			1,570,294			429,164
End of Year	$	82,090,911		$	89,631,172		$	146,028,182		$	140,559,979		$	3,565,576		$	1,570,294

See Notes to Financial Statements

SA-50

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,
	2023			2022			2023			2022			2023			2022

	International Large-Cap						International Small-Cap						International Value
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(2,855,695	)	$	(2,880,546	)	$	(435,078	)	$	(461,379	)	$	(1,474,762	)	$	(1,453,120	)
Realized gain (loss) on investments		18,941,942			6,639,173			2,036,660			1,056,269			7,054,309			2,960,080
Change in net unrealized appreciation (depreciation) on investments		23,467,928			(51,327,327	)		3,506,210			(8,366,212	)		14,203,104			(4,674,764	)
Net Increase (Decrease) in Net Assets Resulting from Operations		39,554,175			(47,568,700	)		5,107,792			(7,771,322	)		19,782,651			(3,167,804	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		9,432,352			8,496,479			898,133			1,474,705			4,184,302			3,689,298
Transfers between variable and fixed accounts, net		(7,466,039	)		3,482,446			(536,313	)		9,224			(591,138	)		(37,462	)
Contract benefits and terminations		(27,771,007	)		(19,322,980	)		(3,270,296	)		(3,061,804	)		(12,336,352	)		(8,863,055	)
Contract charges and deductions		(823,408	)		(850,226	)		(99,165	)		(102,936	)		(218,783	)		(222,629	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(5,452	)		49			(41	)		(1,467	)		676			(6,690	)
Other		9,625			2,091			755			(1,305	)		1,739			4,171
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(26,623,929	)		(8,192,141	)		(3,006,927	)		(1,683,583	)		(8,959,556	)		(5,436,367	)
NET INCREASE (DECREASE) IN NET ASSETS		12,930,246			(55,760,841	)		2,100,865			(9,454,905	)		10,823,095			(8,604,171	)
NET ASSETS
Beginning of Year		239,865,257			295,626,098			34,142,442			43,597,347			111,618,105			120,222,276
End of Year	$	252,795,503		$	239,865,257		$	36,243,307		$	34,142,442		$	122,441,200		$	111,618,105

		Health Sciences						Real Estate						Technology
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(3,631,782	)	$	(3,971,265	)	$	(1,391,112	)	$	(1,702,796	)	$	(2,428,465	)	$	(2,235,497	)
Realized gain (loss) on investments		23,451,821			27,529,852			7,073,769			13,677,917			273,933			(513,101	)
Change in net unrealized appreciation (depreciation) on investments		(14,654,455	)		(48,919,674	)		5,795,803			(52,661,964	)		79,211,335			(83,086,408	)
Net Increase (Decrease) in Net Assets Resulting from Operations		5,165,584			(25,361,087	)		11,478,460			(40,686,843	)		77,056,803			(85,835,006	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		9,453,029			12,153,360			2,405,163			4,107,175			9,752,535			10,242,383
Transfers between variable and fixed accounts, net		1,621,720			(8,261,466	)		2,642,841			(6,303,489	)		16,142,350			10,702,987
Contract benefits and terminations		(33,430,622	)		(31,672,584	)		(12,951,983	)		(13,649,119	)		(22,517,695	)		(17,833,821	)
Contract charges and deductions		(300,436	)		(326,059	)		(193,998	)		(222,574	)		(203,003	)		(192,954	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(5,846	)		(7,824	)		(2,643	)		(2,620	)		(9,003	)		(4,562	)
Other		(1,275	)		4,708			3,931			(2,246	)		18,325			(152	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(22,663,430	)		(28,109,865	)		(8,096,689	)		(16,072,873	)		3,183,509			2,913,881
NET INCREASE (DECREASE) IN NET ASSETS		(17,497,846	)		(53,470,952	)		3,381,771			(56,759,716	)		80,240,312			(82,921,125	)
NET ASSETS
Beginning of Year		290,035,336			343,506,288			104,649,198			161,408,914			147,240,460			230,161,585
End of Year	$	272,537,490		$	290,035,336		$	108,030,969		$	104,649,198		$	227,480,772		$	147,240,460

See Notes to Financial Statements

SA-51

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year/Period Ended			Year/Period Ended			Year/Period Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	ESG Diversified						ESG Diversified						ESG Diversified Growth
		Class I						Class P (1), (2)						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(166,759	)	$	(79,893	)	$	(675	)	$	(126	)	$	(9,329	)	$	(4,981	)
Realized gain (loss) on investments		(123,472	)		(98,848	)		15,193			(5	)		(22,939	)		(24,785	)
Change in net unrealized appreciation (depreciation) on investments		2,253,634			(993,570	)		9,447			(9,447	)		192,881			(56,417	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,963,403			(1,172,311	)		23,965			(9,578	)		160,613			(86,183	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,634,717			3,370,687			-			467,699			183,220			629,934
Transfers between variable and fixed accounts, net		8,636,941			1,853,349			(481,360	)		-			370,853			57,484
Contract benefits and terminations		(528,317	)		(289,457	)		(586	)		(158	)		(72,073	)		(12,596	)
Contract charges and deductions		(165,832	)		(75,385	)		-			-			(1,625	)		(1,127	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(275	)		(154	)		23			(5	)		(138	)		815
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		10,577,234			4,859,040			(481,923	)		467,536			480,237			674,510
NET INCREASE (DECREASE) IN NET ASSETS		12,540,637			3,686,729			(457,958	)		457,958			640,850			588,327
NET ASSETS
Beginning of Year or Period		8,536,826			4,850,097			457,958			-			817,907			229,580
End of Year or Period	$	21,077,463		$	8,536,826		$	-		$	457,958		$	1,458,757		$	817,907

		ESG Diversified Growth						PSF Avantis						PSF Avantis
		Class P (2)						Balanced Allocation Class D						Balanced Allocation Class P
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(167	)	$	(17	)	$	(3,551,959	)	$	(3,838,712	)	$	(8,400	)	$	(7,155	)
Realized gain (loss) on investments		(3	)		-			1,468,488			(3,303,567	)		(37,093	)		(22,981	)
Change in net unrealized appreciation (depreciation) on investments		6,147			808			37,040,181			(50,928,415	)		274,567			(204,579	)
Net Increase (Decrease) in Net Assets Resulting from Operations		5,977			791			34,956,710			(58,070,694	)		229,074			(234,715	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			11,429			6,540,447			26,098,810			141,843			427,288
Transfers between variable and fixed accounts, net		25,200			8,400			(1,336,406	)		(9,420,078	)		(26,536	)		(6,194	)
Contract benefits and terminations		(250	)		(31	)		(33,200,877	)		(24,443,372	)		(227,589	)		(6,649	)
Contract charges and deductions		-			-			(3,028,788	)		(3,057,496	)		(850	)		(630	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			168			159			-			-
Other		-			(1	)		2,758			15,739			(480	)		(541	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		24,950			19,797			(31,022,698	)		(10,806,238	)		(113,612	)		413,274
NET INCREASE (DECREASE) IN NET ASSETS		30,927			20,588			3,934,012			(68,876,932	)		115,462			178,559
NET ASSETS
Beginning of Year or Period		20,588			-			298,038,547			366,915,479			1,786,007			1,607,448
End of Year or Period	$	51,515		$	20,588		$	301,972,559		$	298,038,547		$	1,901,469		$	1,786,007

(1) All units were fully redeemed or transferred prior to December 31, 2023 (See Financial Highlights for date of full redemption).

(2) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-52

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,
	2023			2022			2023			2022			2023			2022

	Pacific Dynamix -						Pacific Dynamix -						Pacific Dynamix -
		Conservative Growth Class I						Conservative Growth Class P						Moderate Growth Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(5,236,706	)	$	(5,988,002	)	$	(8,588	)	$	(6,206	)	$	(26,206,145	)	$	(27,975,904	)
Realized gain (loss) on investments		22,479,966			10,542,197			(15,151	)		(3,655	)		75,370,942			44,832,529
Change in net unrealized appreciation (depreciation) on investments		25,087,794			(92,617,207	)		197,486			(149,716	)		231,187,007			(463,969,066	)
Net Increase (Decrease) in Net Assets Resulting from Operations		42,331,054			(88,063,012	)		173,747			(159,577	)		280,351,804			(447,112,441	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		12,346,151			16,023,767			-			497,712			88,870,301			126,050,847
Transfers between variable and fixed accounts, net		651,078			359,381			(121,420	)		1,214,237			13,069,235			8,249,526
Contract benefits and terminations		(72,586,156	)		(51,565,625	)		(190,821	)		(15,274	)		(258,092,604	)		(222,208,471	)
Contract charges and deductions		(3,316,303	)		(3,531,109	)		(4,640	)		(3,650	)		(22,513,809	)		(23,036,857	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(23,655	)		(311	)		-			-			(25,630	)		1,098
Other		647			1,298			-			(23	)		65,965			(19,786	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(62,928,238	)		(38,712,599	)		(316,881	)		1,693,002			(178,626,542	)		(110,963,643	)
NET INCREASE (DECREASE) IN NET ASSETS		(20,597,184	)		(126,775,611	)		(143,134	)		1,533,425			101,725,262			(558,076,084	)
NET ASSETS
Beginning of Year		447,596,518			574,372,129			1,612,087			78,662			2,142,087,307			2,700,163,391
End of Year	$	426,999,334		$	447,596,518		$	1,468,953		$	1,612,087		$	2,243,812,569		$	2,142,087,307

		Pacific Dynamix -						Pacific Dynamix -						Pacific Dynamix -
		Moderate Growth Class P						Growth Class I						Growth Class P
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(4,460	)	$	(2,207	)	$	(18,572,735	)	$	(18,228,934	)	$	(8,070	)	$	(3,073	)
Realized gain (loss) on investments		(11,150	)		(1,630	)		(10,586,621	)		(14,230,106	)		(57,559	)		(11,955	)
Change in net unrealized appreciation (depreciation) on investments		122,394			(38,396	)		248,936,068			(263,383,583	)		348,367			(100,103	)
Net Increase (Decrease) in Net Assets Resulting from Operations		106,784			(42,233	)		219,776,712			(295,842,623	)		282,738			(115,131	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		534,577			175,292			23,616,279			200,460,935			3,149,187			757,392
Transfers between variable and fixed accounts, net		-			248,166			9,751,905			43,834,560			(443,949	)		(52,330	)
Contract benefits and terminations		(315,521	)		(5,304	)		(92,523,052	)		(80,438,271	)		(18,452	)		(5,998	)
Contract charges and deductions		(7,233	)		(4,478	)		(12,153,480	)		(11,484,064	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			605			(12,269	)		-			-
Other		(22	)		(9,277	)		16,594			39,642			(70	)		(742	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		211,801			404,399			(71,291,149	)		152,400,533			2,686,716			698,322
NET INCREASE (DECREASE) IN NET ASSETS		318,585			362,166			148,485,563			(143,442,090	)		2,969,454			583,191
NET ASSETS
Beginning of Year		549,060			186,894			1,451,741,930			1,595,184,020			820,481			237,290
End of Year	$	867,645		$	549,060		$	1,600,227,493		$	1,451,741,930		$	3,789,935		$	820,481

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 Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	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)	$	(14,347,563	)	$	(16,589,995	)	$	(20,204,727	)	$	(23,498,679	)	$	(90,917,109	)	$	(102,665,672	)
Realized gain (loss) on investments		48,115,959			34,480,155			87,407,786			89,872,600			415,372,197			419,332,885
Change in net unrealized appreciation (depreciation) on investments		39,949,001			(215,921,424	)		61,466,828			(379,222,664	)		403,292,867			(1,735,145,502	)
Net Increase (Decrease) in Net Assets Resulting from Operations		73,717,397			(198,031,264	)		128,669,887			(312,848,743	)		727,747,955			(1,418,478,289	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		14,649,883			29,563,839			19,475,578			23,500,234			60,788,048			81,840,091
Transfers between variable and fixed accounts, net		(4,507,018	)		43,906,031			(4,976,882	)		(7,031,489	)		(31,206,433	)		(56,827,109	)
Contract benefits and terminations		(157,004,950	)		(173,377,967	)		(210,146,367	)		(216,701,733	)		(778,019,217	)		(781,955,009	)
Contract charges and deductions		(9,904,064	)		(10,603,306	)		(11,783,668	)		(12,772,043	)		(55,672,345	)		(59,695,635	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(10,473	)		(44,515	)		(149,575	)		(9,630	)		(127,462	)		(87,051	)
Other		23,606			38,588			40,725			15,466			85,143			257,464
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(156,753,016	)		(110,517,330	)		(207,540,189	)		(212,999,195	)		(804,152,266	)		(816,467,249	)
NET INCREASE (DECREASE) IN NET ASSETS		(83,035,619	)		(308,548,594	)		(78,870,302	)		(525,847,938	)		(76,404,311	)		(2,234,945,538	)
NET ASSETS
Beginning of Year		1,049,691,691			1,358,240,285			1,475,099,723			2,000,947,661			6,383,985,804			8,618,931,342
End 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

		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)	$	(86,455,873	)	$	(95,908,442	)	$	(18,914,943	)	$	(20,734,129	)	$	25		$	(66	)
Realized gain (loss) on investments		384,768,410			374,489,694			82,279,895			77,918,796			(55	)		2,668
Change in net unrealized appreciation (depreciation) on investments		391,391,542			(1,654,108,352	)		104,157,199			(365,153,425	)		2,899			(7,921	)
Net Increase (Decrease) in Net Assets Resulting from Operations		689,704,079			(1,375,527,100	)		167,522,151			(307,968,758	)		2,869			(5,319	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		39,912,863			59,607,312			8,655,313			11,761,592			-			-
Transfers between variable and fixed accounts, net		(38,600,570	)		(53,839,349	)		(6,791,672	)		(4,430,638	)		-			-
Contract benefits and terminations		(595,163,939	)		(579,045,750	)		(121,101,697	)		(119,274,273	)		-			(76	)
Contract charges and deductions		(52,596,626	)		(55,131,733	)		(9,781,784	)		(10,219,651	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		(21,598	)		(25,938	)		2,517			2,294			-			-
Other		384,581			122,735			7,294			48,928			(2	)		(1	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(646,085,289	)		(628,312,723	)		(129,010,029	)		(122,111,748	)		(2	)		(77	)
NET INCREASE (DECREASE) IN NET ASSETS		43,618,790			(2,003,839,823	)		38,512,122			(430,080,506	)		2,867			(5,396	)
NET ASSETS
Beginning of Year		5,762,258,741			7,766,098,564			1,245,655,008			1,675,735,514			13,976			19,372
End of Year	$	5,805,877,531		$	5,762,258,741		$	1,284,167,130		$	1,245,655,008		$	16,843		$	13,976

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/Period Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	Invesco Oppenheimer V.I.						Invesco V.I. American						Invesco V.I. Balanced-Risk
	International Growth Series II						Value Series I (1)						Allocation Series I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(153,907	)	$	(198,001	)	$	40		$	188		$	(479	)	$	9,359
Realized gain (loss) on investments		(2,252,936	)		2,040,346			10,226			7,713			(9,323	)		4,225
Change in net unrealized appreciation (depreciation) on investments		5,552,987			(8,346,199	)		(3,128	)		(4,454	)		16,807			(23,242	)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,146,144			(6,503,854	)		7,138			3,447			7,005			(9,658	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,228,316			667,096			-			-			9,338			106,856
Transfers between variable and fixed accounts, net		1,792,625			1,150,310			5,233			39,448			(26,523	)		-
Contract benefits and terminations		(3,052,692	)		(1,631,721	)		(676	)		(455	)		(748	)		(380	)
Contract charges and deductions		(8,087	)		(5,993	)		-			-			(1,037	)		(328	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(380	)		(2,613	)		-			-			-			-
Other		1,953			3,745			(2	)		(1	)		-			(2	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(38,265	)		180,824			4,555			38,992			(18,970	)		106,146
NET INCREASE (DECREASE) IN NET ASSETS		3,107,879			(6,323,030	)		11,693			42,439			(11,965	)		96,488
NET ASSETS
Beginning of Year or Period		16,951,821			23,274,851			42,439			-			119,801			23,313
End of Year or Period	$	20,059,700		$	16,951,821		$	54,132		$	42,439		$	107,836		$	119,801

		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)	$	(3,650,692	)	$	19,482,203		$	(441	)	$	(236	)	$	349,431		$	219,707
Realized gain (loss) on investments		(17,185,039	)		6,755,623			(32,271	)		19,588			1,861,494			7,027,146
Change in net unrealized appreciation (depreciation) on investments		33,509,556			(79,689,589	)		42,813			(36,364	)		2,353,618			(12,715,463	)
Net Increase (Decrease) in Net Assets Resulting from Operations		12,673,825			(53,451,763	)		10,101			(17,012	)		4,564,543			(5,468,610	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		11,412,575			15,394,003			51,930			69,063			3,639,549			1,924,960
Transfers between variable and fixed accounts, net		(24,336,794	)		53,864,832			(41,039	)		5,411			30,117			2,304,553
Contract benefits and terminations		(33,512,538	)		(31,486,326	)		(2,728	)		(1,542	)		(7,845,581	)		(4,999,778	)
Contract charges and deductions		(3,478,039	)		(3,710,266	)		-			-			(78,177	)		(91,504	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			22
Other		25,714			38,034			52			-			2,096			11,644
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(49,889,082	)		34,100,277			8,215			72,932			(4,251,996	)		(850,103	)
NET INCREASE (DECREASE) IN NET ASSETS		(37,215,257	)		(19,351,486	)		18,316			55,920			312,547			(6,318,713	)
NET ASSETS
Beginning of Year		295,319,915			314,671,401			87,060			31,140			54,004,557			60,323,270
End of Year	$	258,104,658		$	295,319,915		$	105,376		$	87,060		$	54,317,104		$	54,004,557

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-55

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Year/Period Ended			Year Ended			Year/Period Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	Invesco V.I. EQV International						Invesco V.I. Global						Invesco V.I.
	Equity Series I (1), (2)						Real Estate Series II						Global Series II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(2	)	$	(30	)	$	7,058		$	125,652		$	(255,796	)	$	(244,070	)
Realized gain (loss) on investments		8			(6,796	)		(679,280	)		(277,466	)		1,542,806			2,553,200
Change in net unrealized appreciation  (depreciation) on investments		709			-			1,259,241			(2,555,718	)		4,519,550			(11,171,692	)
Net Increase (Decrease) in Net Assets Resulting from Operations		715			(6,826	)		587,019			(2,707,532	)		5,806,560			(8,862,562	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		9,938			76,804			902,932			991,342			1,605,678			869,234
Transfers between variable and fixed accounts, net		185			(69,966	)		711,783			259,062			1,919,081			450,397
Contract benefits and terminations		(14	)		(14	)		(1,375,561	)		(884,808	)		(3,219,217	)		(2,027,880	)
Contract charges and deductions		-			-			(1,758	)		(1,794	)		(9,327	)		(8,050	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			60			43
Other		-			2			(4,656	)		(300	)		(1,314	)		4,836
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		10,109			6,826			232,740			363,502			294,961			(711,420	)
NET INCREASE (DECREASE) IN NET ASSETS		10,824			-			819,759			(2,344,030	)		6,101,521			(9,573,982	)
NET ASSETS
Beginning of Year or Period		-			-			8,005,072			10,349,102			17,645,552			27,219,534
End of Year or Period	$	10,824		$	-		$	8,824,831		$	8,005,072		$	23,747,073		$	17,645,552

		Invesco V.I. Main Street						Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -
		Small Cap Fund Series I						September Series I (3)						September Series II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	6,030		$	1,125		$	(98	)	$	(319	)	$	(36,612	)	$	(16,442	)
Realized gain (loss) on investments		2,552			31,052			(6,920	)		(190	)		221,679			(135,759	)
Change in net unrealized appreciation (depreciation) on investments		111,126			(36,913	)		16,029			(12,393	)		691,962			(122,816	)
Net Increase (Decrease) in Net Assets Resulting from Operations		119,708			(4,736	)		9,011			(12,902	)		877,029			(275,017	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		374,615			137,369			-			-			1,429,349			1,370,396
Transfers between variable and fixed accounts, net		(723,255	)		551,387			(1,234	)		94,278			1,159,666			599,943
Contract benefits and terminations		(16,791	)		(2,303	)		(71,229	)		(1,356	)		(153,660	)		(24,781	)
Contract charges and deductions		-			-			-			-			(1,310	)		(229	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(28	)		425			2			13			184			(5,551	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(365,459	)		686,878			(72,461	)		92,935			2,434,229			1,939,778
NET INCREASE (DECREASE) IN NET ASSETS		(245,751	)		682,142			(63,450	)		80,033			3,311,258			1,664,761
NET ASSETS
Beginning of Year or Period		745,324			63,182			80,033			-			2,148,370			483,609
End of Year or Period	$	499,573		$	745,324		$	16,583		$	80,033		$	5,459,628		$	2,148,370

(1)

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

(2)

Operations commenced or resumed during 2022 and all units were fully redeemed or transferred prior to December 31, 2022 (See Financial Highlights for commencement date of operations and date of full redemption).

(3)

Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-56

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Period Ended			Year/Period Ended			Period Ended			Year Ended			Period Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -
	December Series I (1)						December Series II (1)						March Series I (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(91	)	$	(46	)	$	(44,323	)	$	(26,911	)	$	(137	)	$	(18	)
Realized gain (loss) on investments		1			(2	)		(155,688	)		(99,077	)		3,969			(2	)
Change in net unrealized appreciation (depreciation) on investments		3,069			(1,674	)		907,581			(469,594	)		3,804			(816	)
Net Increase (Decrease) in Net Assets Resulting from Operations		2,979			(1,722	)		707,570			(595,582	)		7,636			(836	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			-			621,126			1,438,091			21,469			-
Transfers between variable and fixed accounts, net		56,617			13,456			1,507,043			1,772,450			-			13,194
Contract benefits and terminations		(144	)		-			(365,413	)		(10,916	)		(134	)		(15	)
Contract charges and deductions		-			-			(1,190	)		(258	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(1	)		(1	)		(117	)		(584	)		(2	)		-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		56,472			13,455			1,761,449			3,198,783			21,333			13,179
NET INCREASE (DECREASE) IN NET ASSETS		59,451			11,733			2,469,019			2,603,201			28,969			12,343
NET ASSETS
Beginning of Year or Period		11,733			-			2,603,201			-			12,343			-
End of Year or Period	$	71,184		$	11,733		$	5,072,220		$	2,603,201		$	41,312		$	12,343

	Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -						Invesco V.I. Nasdaq 100 Buffer -
	March Series II (1)						June Series I (2)						June Series II (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(60,338	)	$	(8,847	)	$	(633	)				$	(44,236	)	$	(15,825	)
Realized gain (loss) on investments		647,202			(9,771	)		29,776						669,357			(10,701	)
Change in net unrealized appreciation (depreciation) on investments		524,983			(110,445	)		(1,940	)					361,040			(132,527	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,111,847			(129,063	)		27,203						986,161			(159,053	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		580,431			824,251			-						1,995,375			345,661
Transfers between variable and fixed accounts, net		4,925,859			459,019			228,411						(583,731	)		2,890,511
Contract benefits and terminations		(930,202	)		(3,872	)		(1,662	)					(165,174	)		(21,403	)
Contract charges and deductions		(503	)		(18	)		-						(2,444	)		(510	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-						-			-
Other		(389	)		(76	)		(4	)					(146	)		(243	)
Net Increase (Decrease) in Net Assets  Derived from Contract Owner Transactions		4,575,196			1,279,304			226,745						1,243,880			3,214,016
NET INCREASE (DECREASE) IN NET ASSETS		5,687,043			1,150,241			253,948						2,230,041			3,054,963
NET ASSETS
Beginning of Year or Period		1,150,241			-			-						3,054,963			-
End of Year or Period	$	6,837,284		$	1,150,241		$	253,948					$	5,285,004		$	3,054,963

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

(2) 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/Period Ended			Period Ended
	December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023

	Invesco V.I. S&P 500 Buffer -						Invesco V.I. S&P 500 Buffer -						Invesco V.I. S&P 500 Buffer -
	September Series I						September Series II						December Series I (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,522	)	$	(1,432	)	$	(199,441	)	$	(92,977	)	$	(707	)
Realized gain (loss) on investments		7,548			1			810,437			(469,056	)		3,551
Change in net unrealized appreciation (depreciation) on investments		58,004			(15,124	)		2,659,417			219,343			21,673
Net Increase (Decrease) in Net Assets Resulting from Operations		64,030			(16,555	)		3,270,413			(342,690	)		24,517
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		18,634			263,931			12,701,886			5,348,905			-
Transfers between variable and fixed accounts, net		71,081			121,746			4,393,454			3,244,923			323,732
Contract benefits and terminations		(121,398	)		(3,709	)		(959,422	)		(69,494	)		(142	)
Contract charges and deductions		-			-			(1,244	)		(216	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-
Other		(1	)		2			514			13,930			(4	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(31,684	)		381,970			16,135,188			8,538,048			323,586
NET INCREASE (DECREASE) IN NET ASSETS		32,346			365,415			19,405,601			8,195,358			348,103
NET ASSETS
Beginning of Year or Period		383,911			18,496			12,496,155			4,300,797			-
End of Year or Period	$	416,257		$	383,911		$	31,901,756		$	12,496,155		$	348,103

		Invesco V.I. S&P 500 Buffer -						Invesco V.I. S&P 500 Buffer -						Invesco V.I. S&P 500 Buffer -
		December Series II (2)						March Series II (2)						June Series I (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(126,862	)	$	(81,825	)	$	(179,613	)	$	(80,131	)	$	(3,549	)
Realized gain (loss) on investments		119,206			(109,693	)		696,116			(51,058	)		22,060
Change in net unrealized appreciation (depreciation) on investments		1,802,578			(619,863	)		1,960,334			(670,574	)		101,078
Net Increase (Decrease) in Net Assets Resulting from Operations		1,794,922			(811,381	)		2,476,837			(801,763	)		119,589
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		4,249,799			3,379,911			3,439,853			1,250,893			1,481,835
Transfers between variable and fixed accounts, net		4,017,804			5,788,909			2,185,666			9,043,771			(96,479	)
Contract benefits and terminations		(536,823	)		(90,279	)		(1,986,180	)		(254,621	)		(11,229	)
Contract charges and deductions		(2,536	)		(1,450	)		(2,820	)		(1,378	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-
Other		(1,317	)		(14,440	)		(427	)		(14,555	)		(20	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		7,726,927			9,062,651			3,636,092			10,024,110			1,374,107
NET INCREASE (DECREASE) IN NET ASSETS		9,521,849			8,251,270			6,112,929			9,222,347			1,493,696
NET ASSETS
Beginning of Year or Period		8,251,270			-			9,222,347			-			-
End of Year or Period	$	17,773,119		$	8,251,270		$	15,335,276		$	9,222,347		$	1,493,696

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

(2) Operations commenced or resumed during 2022 (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 Ended			Year Ended			Year Ended			Year/Period Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	Invesco V.I. S&P 500 Buffer -						Invesco V.I.						American Century
	June Series II (1)						Technology Series I						VP Mid Cap Value Class I (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(179,954	)	$	(37,005	)	$	(4,302	)	$	(1,478	)	$	12,266		$	773
Realized gain (loss) on investments		284,291			48,240			(129,196	)		89,610			49,770			(17	)
Change in net unrealized appreciation (depreciation) on investments		1,970,741			(32,289	)		420,715			(203,839	)		(26,797	)		2,424
Net Increase (Decrease) in Net Assets Resulting from Operations		2,075,078			(21,054	)		287,217			(115,707	)		35,239			3,180
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		11,171,154			1,928,901			29,276			245,947			100,137			65,161
Transfers between variable and fixed accounts, net		4,496,283			6,457,004			160,054			258,003			470,292			106,206
Contract benefits and terminations		(460,799	)		(60,551	)		(35,531	)		(2,106	)		(23,508	)		(279	)
Contract charges and deductions		(3,659	)		(1,449	)		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(1,213	)		(469	)		(660	)		(2,658	)		(70	)		(3	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		15,201,766			8,323,436			153,139			499,186			546,851			171,085
NET INCREASE (DECREASE) IN NET ASSETS		17,276,844			8,302,382			440,356			383,479			582,090			174,265
NET ASSETS
Beginning of Year or Period		8,302,382			-			521,325			137,846			174,265			-
End of Year or Period	$	25,579,226		$	8,302,382		$	961,681		$	521,325		$	756,355		$	174,265

	American Century						American Funds IS American						American Funds IS Asset
	VP Mid Cap Value Class II						High-Income Trust Class 4						Allocation Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	949,797		$	921,877		$	2,547,080		$	2,746,390		$	111,769		$	45,388
Realized gain (loss) on investments		9,192,764			11,575,875			(986,396	)		(1,271,345	)		26,130			88,201
Change in net unrealized appreciation (depreciation) on investments		(5,726,540	)		(15,598,095	)		3,547,677			(6,671,401	)		492,084			(361,580	)
Net Increase (Decrease) in Net Assets Resulting from Operations		4,416,021			(3,100,343	)		5,108,361			(5,196,356	)		629,983			(227,991	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		6,717,087			6,248,240			4,097,814			4,024,376			2,323,171			1,708,464
Transfers between variable and fixed accounts, net		(3,199,718	)		5,731,873			4,333,455			1,371,071			1,273,915			9,866
Contract benefits and terminations		(13,253,984	)		(10,210,967	)		(5,486,047	)		(5,311,489	)		(96,548	)		(351,596	)
Contract charges and deductions		(69,528	)		(49,976	)		(33,942	)		(33,548	)		(17,622	)		(12,436	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		3,714			(4,112	)		-			-			-			-
Other		161			(25,962	)		(4,244	)		3,476			2,779			76
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(9,802,268	)		1,689,096			2,907,036			53,886			3,485,695			1,354,374
NET INCREASE (DECREASE) IN NET ASSETS		(5,386,247	)		(1,411,247	)		8,015,397			(5,142,470	)		4,115,678			1,126,383
NET ASSETS
Beginning of Year		100,582,036			101,993,283			45,384,912			50,527,382			2,815,698			1,689,315
End of Year	$	95,195,789		$	100,582,036		$	53,400,309		$	45,384,912		$	6,931,376		$	2,815,698

(1) Operations commenced or resumed during 2022 (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/Period Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	American Funds IS Asset						American Funds IS Capital						American Funds IS Capital
	Allocation Class 4						Income Builder Class 1						Income Builder Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	24,941,060		$	14,330,100		$	23,965		$	18,580		$	1,959,181		$	1,801,385
Realized gain (loss) on investments		119,046,475			339,315,419			(2,170	)		(2,860	)		(26,215	)		(835,925	)
Change in net unrealized appreciation (depreciation) on investments		254,257,065			(951,022,705	)		54,488			(58,523	)		7,034,672			(11,941,544	)
Net Increase (Decrease) in Net Assets Resulting from Operations		398,244,600			(597,377,186	)		76,283			(42,803	)		8,967,638			(10,976,084	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		147,575,774			186,733,117			55,452			322,039			9,503,958			8,712,006
Transfers between variable and fixed accounts, net		1,696,495			1,406,950			74,172			9,755			3,383,433			2,734,930
Contract benefits and terminations		(368,211,533	)		(308,154,749	)		(22,856	)		(22,828	)		(13,529,397	)		(11,789,513	)
Contract charges and deductions		(37,028,451	)		(37,536,242	)		-			-			(135,245	)		(153,268	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(9,987	)		(282	)		-			-			36			(549	)
Other		(28,079	)		39,632			(2	)		(2	)		(946	)		569
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(256,005,781	)		(157,511,574	)		106,766			308,964			(778,161	)		(495,825	)
NET INCREASE (DECREASE) IN NET ASSETS		142,238,819			(754,888,760	)		183,049			266,161			8,189,477			(11,471,909	)
NET ASSETS
Beginning of Year		3,329,310,722			4,084,199,482			813,854			547,693			117,857,135			129,329,044
End of Year	$	3,471,549,541		$	3,329,310,722		$	996,903		$	813,854		$	126,046,612		$	117,857,135

	American Funds IS						American Funds IS						American Funds IS Capital World
		Capital World Bond Class 1 (1)						Capital World Bond Class 4						Growth and Income Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(839	)	$	(156	)	$	(225,415	)	$	(183,856	)	$	9,421		$	2,431
Realized gain (loss) on investments		(5,138	)		491			(752,054	)		(387,286	)		(13,338	)		14,202
Change in net unrealized appreciation (depreciation) on investments		19,288			(14,053	)		2,051,067			(4,409,911	)		85,576			(23,192	)
Net Increase (Decrease) in Net Assets Resulting from Operations		13,311			(13,718	)		1,073,598			(4,981,053	)		81,659			(6,559	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		109,392			169,847			1,841,101			1,615,973			98,160			16,190
Transfers between variable and fixed accounts, net		16,538			-			1,448,422			735,773			287,690			76,244
Contract benefits and terminations		(75,486	)		(10,923	)		(2,335,430	)		(1,723,053	)		(16,003	)		(341	)
Contract charges and deductions		-			-			(34,723	)		(35,422	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			12			(334	)		-			-
Other		(1	)		(8	)		195			39			(22	)		(2	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		50,443			158,916			919,577			592,976			369,825			92,091
NET INCREASE (DECREASE) IN NET ASSETS		63,754			145,198			1,993,175			(4,388,077	)		451,484			85,532
NET ASSETS
Beginning of Year or Period		145,198			-			21,437,187			25,825,264			132,542			47,010
End of Year or Period	$	208,952		$	145,198		$	23,430,362		$	21,437,187		$	584,026		$	132,542

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

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,
	2023			2022			2023			2022			2023			2022

	American Funds IS Capital World						American Funds IS						American Funds IS
	Growth and Income Class 4						Global Balanced Class 4						Global Growth Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	531,105		$	755,296		$	296,576		$	(778,640	)	$	12,826		$	1,492
Realized gain (loss) on investments		(2,975,636	)		11,833,356			6,896,372			(1,223,799	)		(3,164	)		22,528
Change in net unrealized appreciation (depreciation) on investments		14,842,692			(26,973,865	)		976,831			(11,623,225	)		195,409			(93,014	)
Net Increase (Decrease) in Net Assets Resulting from Operations		12,398,161			(14,385,213	)		8,169,779			(13,625,664	)		205,071			(68,994	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		7,050,752			5,980,241			5,238,491			4,150,080			1,351,399			70,145
Transfers between variable and fixed accounts, net		1,320,092			(800,763	)		2,062,333			(607,970	)		170,025			112,489
Contract benefits and terminations		(6,855,771	)		(5,845,848	)		(8,770,270	)		(9,337,040	)		(18,722	)		(2,905	)
Contract charges and deductions		(79,392	)		(73,823	)		(83,862	)		(86,721	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		195			175			15			14			-			-
Other		(48	)		(6,121	)		2,226			2,130			(359	)		(1	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,435,828			(746,139	)		(1,551,067	)		(5,879,507	)		1,502,343			179,728
NET INCREASE (DECREASE) IN NET ASSETS		13,833,989			(15,131,352	)		6,618,712			(19,505,171	)		1,707,414			110,734
NET ASSETS
Beginning of Year		63,410,506			78,541,858			67,782,176			87,287,347			343,893			233,159
End of Year	$	77,244,495		$	63,410,506		$	74,400,888		$	67,782,176		$	2,051,307		$	343,893

	American Funds IS						American Funds IS Global						American Funds IS
	Global Growth Class 4						Small Capitalization Class 4						Growth Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(582,882	)	$	(950,552	)	$	(401,238	)	$	(407,752	)	$	6,339		$	3,680
Realized gain (loss) on investments		9,984,568			10,727,984			(5,084,721	)		10,801,530			140,759			(153,693	)
Change in net unrealized appreciation (depreciation) on investments		20,116,080			(59,296,190	)		11,161,698			(26,092,952	)		890,421			(143,492	)
Net Increase (Decrease) in Net Assets Resulting from Operations		29,517,766			(49,518,758	)		5,675,739			(15,699,174	)		1,037,519			(293,505	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		13,316,852			9,262,145			2,553,396			3,784,975			1,586,453			839,580
Transfers between variable and fixed accounts, net		(1,415,581	)		2,524,041			1,029,567			3,167,847			72,578			997,556
Contract benefits and terminations		(18,102,230	)		(9,485,197	)		(3,802,142	)		(2,058,746	)		(54,981	)		(15,059	)
Contract charges and deductions		(143,313	)		(134,718	)		(70,279	)		(66,105	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		243			186			6			(206	)		-			-
Other		14,395			1,248			1,328			(607	)		(577	)		(2,213	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(6,329,634	)		2,167,705			(288,124	)		4,827,158			1,603,473			1,819,864
NET INCREASE (DECREASE) IN NET ASSETS		23,188,132			(47,351,053	)		5,387,615			(10,872,016	)		2,640,992			1,526,359
NET ASSETS
Beginning of Year		144,568,416			191,919,469			38,894,810			49,766,826			1,980,437			454,078
End of Year	$	167,756,548		$	144,568,416		$	44,282,425		$	38,894,810		$	4,621,429		$	1,980,437

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,
	2023			2022			2023			2022			2023			2022

	American Funds IS						American Funds IS						American Funds IS
	Growth Class 4						Growth-Income Class 1						Growth-Income Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(6,693,606	)	$	(6,873,601	)	$	31,702		$	18,784		$	88,362		$	(540,975	)
Realized gain (loss) on investments		26,438,642			70,669,215			1,475			103,637			23,164,959			39,734,891
Change in net unrealized appreciation (depreciation) on investments		182,652,923			(310,889,074	)		539,743			(305,462	)		74,891,913			(130,274,323	)
Net Increase (Decrease) in Net Assets Resulting from Operations		202,397,959			(247,093,460	)		572,920			(183,041	)		98,145,234			(91,080,407	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		58,560,948			42,881,827			989,141			1,442,982			32,992,354			27,749,693
Transfers between variable and fixed accounts, net		40,260,582			11,269,610			402,893			11,291			9,356,703			(5,183,883	)
Contract benefits and terminations		(71,293,631	)		(56,324,937	)		(562,346	)		(44,181	)		(52,206,142	)		(38,961,711	)
Contract charges and deductions		(666,721	)		(585,261	)		-			-			(421,347	)		(433,669	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(9,027	)		(6,930	)		-			-			4,304			(2,054	)
Other		13,828			17,148			(201	)		(85	)		(4,845	)		(2,458	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		26,865,979			(2,748,543	)		829,487			1,410,007			(10,278,973	)		(16,834,082	)
NET INCREASE (DECREASE) IN NET ASSETS		229,263,938			(249,842,003	)		1,402,407			1,226,966			87,866,261			(107,914,489	)
NET ASSETS
Beginning of Year		552,304,014			802,146,017			1,696,274			469,308			410,711,351			518,625,840
End of Year	$	781,567,952		$	552,304,014		$	3,098,681		$	1,696,274		$	498,577,612		$	410,711,351

	American Funds IS						American Funds IS						American Funds IS International
	International Class 1						International Class 4						Growth and Income Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	5,614		$	6,040		$	39,714		$	440,748		$	6,875		$	8,166
Realized gain (loss) on investments		(15,630	)		29,278			(3,693,487	)		8,906,645			(62,762	)		43,843
Change in net unrealized appreciation (depreciation) on investments		81,130			(55,578	)		15,517,429			(33,391,553	)		100,846			(57,737	)
Net Increase (Decrease) in Net Assets Resulting from Operations		71,114			(20,260	)		11,863,656			(24,044,160	)		44,959			(5,728	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		44,621			324,951			5,120,980			4,822,331			17,902			197,209
Transfers between variable and fixed accounts, net		83,613			7,808			(1,394,308	)		2,772,926			(36,297	)		9,677
Contract benefits and terminations		(8,375	)		(1,182	)		(9,992,783	)		(6,675,215	)		(11,482	)		(606	)
Contract charges and deductions		-			-			(192,312	)		(194,637	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		21			509			(2,774	)		4,680			19			(6	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		119,880			332,086			(6,461,197	)		730,085			(29,858	)		206,274
NET INCREASE (DECREASE) IN NET ASSETS		190,994			311,826			5,402,459			(23,314,075	)		15,101			200,546
NET ASSETS
Beginning of Year		372,492			60,666			85,102,087			108,416,162			314,687			114,141
End of Year	$	563,486		$	372,492		$	90,504,546		$	85,102,087		$	329,788		$	314,687

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/Period Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	American Funds IS International						American Funds IS Managed Risk						American Funds IS Managed Risk
	Growth and Income Class 4						Asset Allocation Class P1 (1)						Asset Allocation Class P2
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	663,385		$	908,999		$	11,314		$	2,607		$	1,012,067		$	1,630,280
Realized gain (loss) on investments		(10,015,790	)		20,204,178			31,658			(461	)		16,580,976			4,555,944
Change in net unrealized appreciation (depreciation) on investments		16,694,228			(31,161,349	)		161,164			5,595			(3,289,295	)		(35,078,943	)
Net Increase (Decrease) in Net Assets Resulting from Operations		7,341,823			(10,048,172	)		204,136			7,741			14,303,748			(28,892,719	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		4,267,598			3,623,642			22,549			151,470			12,037,180			18,105,945
Transfers between variable and fixed accounts, net		(2,249,065	)		1,413,297			2,047,239			134,239			1,738,369			319,322
Contract benefits and terminations		(5,589,480	)		(4,919,115	)		(17,677	)		(4,550	)		(18,656,393	)		(15,032,750	)
Contract charges and deductions		(53,923	)		(51,555	)		-			-			(2,077,466	)		(2,001,773	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			68			64
Other		(108	)		(678	)		(29	)		(2	)		795			(1,097	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(3,624,978	)		65,591			2,052,082			281,157			(6,957,447	)		1,389,711
NET INCREASE (DECREASE) IN NET ASSETS		3,716,845			(9,982,581	)		2,256,218			288,898			7,346,301			(27,503,008	)
NET ASSETS
Beginning of Year or Period		51,926,368			61,908,949			288,898			-			166,286,060			193,789,068
End of Year or Period	$	55,643,213		$	51,926,368		$	2,545,116		$	288,898		$	173,632,361		$	166,286,060

	American Funds IS						American Funds IS						American Funds IS The Bond
	New World Fund Class 1						New World Fund Class 4						Fund of America Class 1

INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	20,590		$	10,505		$	109,578		$	12,359		$	123,357		$	77,355
Realized gain (loss) on investments		(26,786	)		33,419			(1,677,134	)		3,377,240			(248,631	)		(459	)
Change in net unrealized appreciation (depreciation) on investments		184,515			(225,958	)		10,774,022			(22,705,148	)		253,328			(288,065	)
Net Increase (Decrease) in Net Assets Resulting from Operations		178,319			(182,034	)		9,206,466			(19,315,549	)		128,054			(211,169	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		728,366			628,001			5,571,982			4,636,672			1,149,498			1,050,154
Transfers between variable and fixed accounts, net		170,429			46,898			1,150,673			3,293,281			153,987			2,128,442
Contract benefits and terminations		(206,535	)		(5,588	)		(8,295,331	)		(6,270,718	)		(433,246	)		(41,998	)
Contract charges and deductions		-			-			(68,080	)		(60,358	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			41			(1,220	)		-			-
Other		(87	)		(9	)		2,603			509			1,048			(79	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		692,173			669,302			(1,638,112	)		1,598,166			871,287			3,136,519
NET INCREASE (DECREASE) IN NET ASSETS		870,492			487,268			7,568,354			(17,717,383	)		999,341			2,925,350
NET ASSETS
Beginning of Year		916,665			429,397			64,479,315			82,196,698			3,028,029			102,679
End of Year	$	1,787,157		$	916,665		$	72,047,669		$	64,479,315		$	4,027,370		$	3,028,029

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

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,
	2023			2022			2023			2022			2023			2022

	American Funds IS The Bond						American Funds IS U.S. Government						American Funds IS U.S. Government
	Fund of America Class 4						Securities Class 1						Securities Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	3,579,753		$	2,447,606		$	72,447		$	27,534		$	1,236,622		$	1,452,374
Realized gain (loss) on investments		(3,627,657	)		(1,685,167	)		(30,227	)		(3,491	)		(5,391,774	)		(4,046,143	)
Change in net unrealized appreciation (depreciation) on investments		5,569,654			(21,566,138	)		(11,258	)		(24,209	)		4,662,005			(5,860,973	)
Net Increase (Decrease) in Net Assets Resulting from Operations		5,521,750			(20,803,699	)		30,962			(166	)		506,853			(8,454,742	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		17,742,048			11,702,782			477,001			796,716			3,251,385			6,513,829
Transfers between variable and fixed accounts, net		17,409,699			1,588,343			911,025			(65,410	)		3,928,817			(8,708,805	)
Contract benefits and terminations		(15,732,848	)		(11,772,197	)		(11,847	)		(3,589	)		(11,499,307	)		(7,797,296	)
Contract charges and deductions		(223,290	)		(215,809	)		-			-			(42,021	)		(46,519	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		14			13			-			-			(3,548	)		-
Other		(952	)		6,053			3,628			(93	)		1,567			6,045
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		19,194,671			1,309,185			1,379,807			727,624			(4,363,107	)		(10,032,746	)
NET INCREASE (DECREASE) IN NET ASSETS		24,716,421			(19,494,514	)		1,410,769			727,458			(3,856,254	)		(18,487,488	)
NET ASSETS
Beginning of Year		132,831,689			152,326,203			768,622			41,164			58,958,044			77,445,532
End of Year	$	157,548,110		$	132,831,689		$	2,179,391		$	768,622		$	55,101,790		$	58,958,044

	American Funds IS Washington						American Funds IS Washington						BlackRock 60/40 Target
	Mutual Investors Class 1						Mutual Investors Class 4						Allocation ETF V.I. Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	22,688		$	12,075		$	1,387,704		$	1,414,061		$	2,337,029		$	2,072,883
Realized gain (loss) on investments		(6,695	)		12,170			(687,562	)		39,385,154			(3,648,688	)		(3,885,403	)
Change in net unrealized appreciation (depreciation) on investments		167,220			(49,160	)		30,806,298			(61,407,592	)		29,519,597			(29,515,972	)
Net Increase (Decrease) in Net Assets Resulting from Operations		183,213			(24,915	)		31,506,440			(20,608,377	)		28,207,938			(31,328,492	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		561,888			589,844			17,994,283			16,757,922			23,738,744			43,034,523
Transfers between variable and fixed accounts, net		843,088			17,109			6,921,979			13,495,072			4,991,361			2,760,885
Contract benefits and terminations		(19,701	)		(7,989	)		(23,358,243	)		(17,575,327	)		(11,824,627	)		(11,343,755	)
Contract charges and deductions		-			-			(217,535	)		(192,452	)		(59,585	)		(36,175	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			203			204			-			-
Other		2			(8	)		(1,637	)		6,953			(4,017	)		11,713
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,385,277			598,956			1,339,050			12,492,372			16,841,876			34,427,191
NET INCREASE (DECREASE) IN NET ASSETS		1,568,490			574,041			32,845,490			(8,116,005	)		45,049,814			3,098,699
NET ASSETS
Beginning of Year		762,977			188,936			200,075,999			208,192,004			190,448,788			187,350,089
End of Year	$	2,331,467		$	762,977		$	232,921,489		$	200,075,999		$	235,498,602		$	190,448,788

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,
	2023			2022			2023			2022			2023			2022

	BlackRock Capital Appreciation						BlackRock Equity Dividend						BlackRock Global Allocation
	V.I. Class III						V.I. Class I						V.I. Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(287,354	)	$	(285,410	)	$	13,492		$	7,620		$	19,538		$	(2,562	)
Realized gain (loss) on investments		(46,375	)		1,088,606			27,882			29,036			(31,919	)		2,175
Change in net unrealized appreciation (depreciation) on investments		13,884,752			(18,382,194	)		56,287			(27,709	)		146,746			(46,485	)
Net Increase (Decrease) in Net Assets Resulting from Operations		13,551,023			(17,578,998	)		97,661			8,947			134,365			(46,872	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		908,736			1,212,672			150,268			559,371			173,131			1,093,678
Transfers between variable and fixed accounts, net		(4,386,955	)		6,734,786			13,915			(157,215	)		(106,004	)		3,450
Contract benefits and terminations		(3,935,263	)		(2,861,001	)		(15,411	)		(4,987	)		(101,738	)		(7,472	)
Contract charges and deductions		(317,661	)		(309,834	)		-			-			(11,716	)		(4,880	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(1,527	)		-			-			-			-			-
Other		496			(5,726	)		(8	)		2,172			(187	)		(20	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(7,732,174	)		4,770,897			148,764			399,341			(46,514	)		1,084,756
NET INCREASE (DECREASE) IN NET ASSETS		5,818,849			(12,808,101	)		246,425			408,288			87,851			1,037,884
NET ASSETS
Beginning of Year		31,190,321			43,998,422			768,528			360,240			1,063,372			25,488
End of Year	$	37,009,170		$	31,190,321		$	1,014,953		$	768,528		$	1,151,223		$	1,063,372

	BlackRock Global Allocation						BlackRock High Yield						BlackRock S&P 500 Index
	V.I. Class III						V.I. Class I						V.I. Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	13,130,379		$	(17,390,599	)	$	47,662		$	11,361		$	18,892		$	11,150
Realized gain (loss) on investments		(13,603,899	)		(8,096,804	)		(7,304	)		(16,933	)		57,573			(24,744	)
Change in net unrealized appreciation (depreciation) on investments		123,026,097			(241,657,776	)		72,561			(15,840	)		236,100			(63,825	)
Net Increase (Decrease) in Net Assets Resulting from Operations		122,552,577			(267,145,179	)		112,919			(21,412	)		312,565			(77,419	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		27,170,331			40,921,612			84,310			596,134			795,505			737,109
Transfers between variable and fixed accounts, net		(8,757,098	)		(15,539,160	)		607,925			(127,225	)		174,183			50,027
Contract benefits and terminations		(142,982,210	)		(138,595,608	)		(70,526	)		(5,438	)		(154,127	)		(3,308	)
Contract charges and deductions		(14,467,296	)		(15,315,158	)		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		(47,368	)		(24,126	)		-			-			-			-
Other		4,616			73,618			(58	)		76			(346	)		(56	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(139,079,025	)		(128,478,822	)		621,651			463,547			815,215			783,772
NET INCREASE (DECREASE) IN NET ASSETS		(16,526,448	)		(395,624,001	)		734,570			442,135			1,127,780			706,353
NET ASSETS
Beginning of Year		1,192,222,701			1,587,846,702			605,626			163,491			921,539			215,186
End of Year	$	1,175,696,253		$	1,192,222,701		$	1,340,196		$	605,626		$	2,049,319		$	921,539

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,
	2023			2022			2023			2022			2023			2022

	BlackRock Small Cap Index						BlackRock Total Return						Delaware Ivy VIP
	V.I. Class I						V.I. Class I						Asset Strategy Class II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	43,555		$	35,531		$	51,149		$	9,109		$	324,053		$	98,331
Realized gain (loss) on investments		15,560			10,047			(27,009	)		(450	)		(1,009,220	)		796,170
Change in net unrealized appreciation (depreciation) on investments		606,848			(383,874	)		68,261			(35,014	)		3,610,339			(3,875,035	)
Net Increase (Decrease) in Net Assets Resulting from Operations		665,963			(338,296	)		92,401			(26,355	)		2,925,172			(2,980,534	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,079,467			2,921,003			409,093			993,117			7,796,776			4,486,090
Transfers between variable and fixed accounts, net		89,534			514,797			576,494			64,616			3,380,644			(103,517	)
Contract benefits and terminations		(153,442	)		(17,435	)		(24,573	)		(3,272	)		(2,349,620	)		(1,880,667	)
Contract charges and deductions		-			-			-			-			(202,950	)		(90,316	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(146	)		-
Other		(988	)		(632	)		(17	)		(11	)		(839	)		366
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,014,571			3,417,733			960,997			1,054,450			8,623,865			2,411,956
NET INCREASE (DECREASE) IN NET ASSETS		1,680,534			3,079,437			1,053,398			1,028,095			11,549,037			(568,578	)
NET ASSETS
Beginning of Year		3,506,533			427,096			1,086,169			58,074			19,255,483			19,824,061
End of Year	$	5,187,067		$	3,506,533		$	2,139,567		$	1,086,169		$	30,804,520		$	19,255,483

		Delaware Ivy VIP						DFA VA Equity Allocation						DFA VA Global Bond
		Energy Class II						Institutional Class						Institutional Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	961,216		$	1,016,002		$	3,927		$	1,996		$	20,250		$	4,718
Realized gain (loss) on investments		2,630,735			327,287			1,900			954			(1,264	)		(10,685	)
Change in net unrealized appreciation (depreciation) on investments		(2,891,347	)		18,128,436			28,602			(26,987	)		2,138			(19,722	)
Net Increase (Decrease) in Net Assets Resulting from Operations		700,604			19,471,725			34,429			(24,037	)		21,124			(25,689	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,452,121			4,148,692			115,117			52,261			105,367			214,040
Transfers between variable and fixed accounts, net		(10,732,037	)		6,266,718			(2,340	)		(4,687	)		53,884			(114,410	)
Contract benefits and terminations		(7,079,718	)		(4,624,413	)		(16,323	)		(11,465	)		(7,146	)		(2,738	)
Contract charges and deductions		(18,481	)		(28,999	)		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(2,763	)		(2,053	)		(3	)		-			(2	)		-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(15,380,878	)		5,759,945			96,451			36,109			152,103			96,892
NET INCREASE (DECREASE) IN NET ASSETS		(14,680,274	)		25,231,670			130,880			12,072			173,227			71,203
NET ASSETS
Beginning of Year		62,286,813			37,055,143			149,925			137,853			406,422			335,219
End of Year	$	47,606,539		$	62,286,813		$	280,805		$	149,925		$	579,649		$	406,422

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,
	2023			2022			2023			2022			2023			2022

	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)	$	32,811		$	4,556		$	15,869		$	7,740		$	83,439		$	47,202
Realized gain (loss) on investments		13,001			3,735			(24,198	)		1,920			(1,437	)		7,213
Change in net unrealized appreciation (depreciation) on investments		72,006			(29,515	)		67,433			(36,937	)		177,355			(50,703	)
Net Increase (Decrease) in Net Assets Resulting from Operations		117,818			(21,224	)		59,104			(27,277	)		259,357			3,712
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		718,039			44,528			257,237			163,010			410,796			516,974
Transfers between variable and fixed accounts, net		263,045			173,985			35,316			18,256			38,344			95,121
Contract benefits and terminations		(12,365	)		(6,663	)		(21,744	)		(1,558	)		(12,758	)		(7,104	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(14	)		(6	)		(5	)		(6	)		(12	)		19
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		968,705			211,844			270,804			179,702			436,370			605,010
NET INCREASE (DECREASE) IN NET ASSETS		1,086,523			190,620			329,908			152,425			695,727			608,722
NET ASSETS
Beginning of Year		367,827			177,207			332,811			180,386			1,366,252			757,530
End of Year	$	1,454,350		$	367,827		$	662,719		$	332,811		$	2,061,979		$	1,366,252

		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)	$	131,995		$	23,114		$	88,163		$	37,243		$	20,115		$	8,199
Realized gain (loss) on investments		(5,397	)		(8,414	)		39,541			5,462			104,537			50,123
Change in net unrealized appreciation (depreciation) on investments		9,880			(23,736	)		287,109			(58,365	)		177,301			(77,829	)
Net Increase (Decrease) in Net Assets Resulting from Operations		136,478			(9,036	)		414,813			(15,660	)		301,953			(19,507	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,428,971			1,681,616			1,509,801			2,115,763			595,996			469,894
Transfers between variable and fixed accounts, net		316,028			358,668			347,524			349,302			478,915			7,284
Contract benefits and terminations		(378,730	)		(49,405	)		(216,204	)		(19,940	)		(63,513	)		(51,201	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(20	)		(104	)		(50	)		(2,428	)		(23	)		61
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,366,249			1,990,775			1,641,071			2,442,697			1,011,375			426,038
NET INCREASE (DECREASE) IN NET ASSETS		1,502,727			1,981,739			2,055,884			2,427,037			1,313,328			406,531
NET ASSETS
Beginning of Year		2,416,407			434,668			2,835,299			408,262			946,243			539,712
End of Year	$	3,919,134		$	2,416,407		$	4,891,183		$	2,835,299		$	2,259,571		$	946,243

See Notes to Financial Statements

SA-67

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,
	2023			2022		2023			2022			2023			2022

	Fidelity VIP Consumer Discretionary					Fidelity VIP Contrafund						Fidelity VIP Contrafund
	Initial Class (1)					Initial Class						Service Class 2
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(19	)	$	-	$	3,780		$	764		$	(2,834,308	)	$	(2,740,741	)
Realized gain (loss) on investments		3			-		33,318			5,551			9,704,977			6,396,872
Change in net unrealized appreciation (depreciation) on investments		1,868			43		182,681			(80,841	)		78,956,050			(106,541,917	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,852			43		219,779			(74,526	)		85,826,719			(102,885,786	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		4,219			3,733		322,253			310,289			25,593,679			22,043,576
Transfers between variable and fixed accounts, net		479			-		2,007,579			9,730			14,480,926			7,219,145
Contract benefits and terminations		(16	)		-		(13,698	)		(1,785	)		(42,483,845	)		(31,458,257	)
Contract charges and deductions		-			-		-			-			(219,183	)		(190,869	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-		-			-			4,088			(2,536	)
Other		(1	)		-		(17	)		(5	)		25,496			11,458
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		4,681			3,733		2,316,117			318,229			(2,598,839	)		(2,377,483	)
NET INCREASE (DECREASE) IN NET ASSETS		6,533			3,776		2,535,896			243,703			83,227,880			(105,263,269	)
NET ASSETS
Beginning of Year or Period		3,776			-		372,591			128,888			275,966,970			381,230,239
End of Year or Period	$	10,309		$	3,776	$	2,908,487		$	372,591		$	359,194,850		$	275,966,970

		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)	$	21,766		$	8,652		$	29,438		$	10,590		$	40,559		$	13,317
Realized gain (loss) on investments		(12,921	)		(27,202	)		(22,706	)		(9,767	)		(26,362	)		(9,430	)
Change in net unrealized appreciation (depreciation) on investments		65,809			(5,239	)		(38,879	)		119,980			390,454			(201,807	)
Net Increase (Decrease) in Net Assets Resulting from Operations		74,654			(23,789	)		(32,147	)		120,803			404,651			(197,920	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		298,744			372,858			34,939			413,014			1,076,682			871,072
Transfers between variable and fixed accounts, net		353,278			99,228			857,574			119,646			311,562			(24,738	)
Contract benefits and terminations		(14,650	)		(4,416	)		(73,445	)		(6,567	)		(46,763	)		(8,985	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(9	)		331			(96	)		2,413			(18	)		(7	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		637,363			468,001			818,972			528,506			1,341,463			837,342
NET INCREASE (DECREASE) IN NET ASSETS		712,017			444,212			786,825			649,309			1,746,114			639,422
NET ASSETS
Beginning of Year		571,791			127,579			721,434			72,125			1,380,101			740,679
End of Year	$	1,283,808		$	571,791		$	1,508,259		$	721,434		$	3,126,215		$	1,380,101

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-68

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Period Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	Fidelity VIP FundsManager 60%						Fidelity VIP FundsManager 60%						Fidelity VIP Government
	Investor Class (1)						Service Class 2						Money Market Initial Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	3,113,779		$	75,419		$	3,814,667		$	1,679,644		$	790,561		$	125,871
Realized gain (loss) on investments		(31,582	)		(4	)		(12,586,292	)		57,507,087			-			-
Change in net unrealized appreciation (depreciation) on investments		13,426,610			(90,131	)		55,550,820			(131,006,601	)		-			-
Net Increase (Decrease) in Net Assets Resulting from Operations		16,508,807			(14,716	)		46,779,195			(71,819,870	)		790,561			125,871
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		201,387,146			5,287,243			26,636,035			36,891,618			24,047,670			27,738,642
Transfers between variable and fixed accounts, net		812,872			-			14,938,392			7,521,607			(19,126,111	)		(11,690,191	)
Contract benefits and terminations		(1,749,712	)		-			(41,516,129	)		(30,244,651	)		(2,061,719	)		(750,187	)
Contract charges and deductions		(1,043,089	)		-			(5,127,641	)		(4,905,423	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			1,563			1,135			-			-
Other		(16,947	)		(6,510	)		4,026			42,004			(4,155	)		(328	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		199,390,270			5,280,733			(5,063,754	)		9,306,290			2,855,685			15,297,936
NET INCREASE (DECREASE) IN NET ASSETS		215,899,077			5,266,017			41,715,441			(62,513,580	)		3,646,246			15,423,807
NET ASSETS
Beginning of Year or Period		5,266,017			-			372,173,872			434,687,452			15,846,777			422,970
End of Year or Period	$	221,165,094		$	5,266,017		$	413,889,313		$	372,173,872		$	19,493,023		$	15,846,777

		Fidelity VIP Government						Fidelity VIP Government						Fidelity VIP Growth
		Money Market Investor Class (2)						Money Market Service Class						Opportunities Initial Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	2,878					$	17,957,366		$	1,159,958		$	(2,654	)	$	(717	)
Realized gain (loss) on investments		-						-			-			(10,565	)		(2,547	)
Change in net unrealized appreciation (depreciation) on investments		-						-			-			217,765			(48,775	)
Net Increase (Decrease) in Net Assets Resulting from Operations		2,878						17,957,366			1,159,958			204,546			(52,039	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		810,000						68,625,683			61,051,353			239,195			316,326
Transfers between variable and fixed accounts, net		(812,872	)					126,481,386			266,030,404			(49,592	)		45,296
Contract benefits and terminations		-						(212,887,156	)		(216,256,215	)		(6,438	)		(1,454	)
Contract charges and deductions		-						(446,518	)		(517,082	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-						(15,208	)		(15,717	)		-			-
Other		(6	)					(35,302	)		(7,195	)		(12	)		2,471
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(2,878	)					(18,277,115	)		110,285,548			183,153			362,639
NET INCREASE (DECREASE) IN NET ASSETS		-						(319,749	)		111,445,506			387,699			310,600
NET ASSETS
Beginning of Year or Period		-						502,225,940			390,780,434			349,498			38,898
End of Year or Period	$	-					$	501,906,191		$	502,225,940		$	737,197		$	349,498

(1)	Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

(2)	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-69

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,
	2023			2022			2023			2022			2023			2022

	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)	$	44,051		$	16,964		$	78,073		$	22,681		$	2,685,515		$	1,940,972
Realized gain (loss) on investments		(32	)		(75,018	)		(24,398	)		2,686			(1,982,810	)		(1,780,036	)
Change in net unrealized appreciation (depreciation) on investments		864,826			(122,060	)		92,551			(74,271	)		5,702,163			(12,424,733	)
Net Increase (Decrease) in Net Assets Resulting from Operations		908,845			(180,114	)		146,226			(48,904	)		6,404,868			(12,263,797	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,584,102			1,885,650			1,908,534			1,028,082			9,732,138			9,424,359
Transfers between variable and fixed accounts, net		833,644			1,271,992			612,506			205,879			3,312,588			(6,491,184	)
Contract benefits and terminations		(257,369	)		(60,895	)		(125,795	)		(2,464	)		(12,765,782	)		(8,915,195	)
Contract charges and deductions		-			-			-			-			(42,341	)		(38,083	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(108	)		(4,186	)		44			223			(3,180	)		(207	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,160,269			3,092,561			2,395,289			1,231,720			233,423			(6,020,310	)
NET INCREASE (DECREASE) IN NET ASSETS		3,069,114			2,912,447			2,541,515			1,182,816			6,638,291			(18,284,107	)
NET ASSETS
Beginning of Year		2,993,041			80,594			1,250,644			67,828			81,030,938			99,315,045
End of Year	$	6,062,155		$	2,993,041		$	3,792,159		$	1,250,644		$	87,669,229		$	81,030,938

		Fidelity VIP Value						First Trust Dorsey Wright						First Trust
		Strategies Initial Class						Tactical Core Class I						Multi Income Allocation Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	5,793		$	4,652		$	312,195		$	115,473		$	401,637		$	320,014
Realized gain (loss) on investments		7,534			21,840			(377,805	)		4,057,775			540,258			116,467
Change in net unrealized appreciation (depreciation) on investments		140,757			(45,787	)		3,377,709			(12,333,323	)		388,021			(2,277,808	)
Net Increase (Decrease) in Net Assets Resulting from Operations		154,084			(19,295	)		3,312,099			(8,160,075	)		1,329,916			(1,841,327	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		264,281			118,807			3,493,841			3,197,639			2,354,596			1,350,866
Transfers between variable and fixed accounts, net		364,156			355,104			419,394			(7,235,730	)		599,406			(581,777	)
Contract benefits and terminations		(31,114	)		(10,384	)		(4,154,554	)		(4,081,357	)		(3,494,071	)		(2,360,774	)
Contract charges and deductions		-			-			(7,558	)		(4,061	)		(1,648	)		(907	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			8			8
Other		(118	)		(19	)		(979	)		1,885			(623	)		6,567
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		597,205			463,508			(249,856	)		(8,121,624	)		(542,332	)		(1,586,017	)
NET INCREASE (DECREASE) IN NET ASSETS		751,289			444,213			3,062,243			(16,281,699	)		787,584			(3,427,344	)
NET ASSETS
Beginning of Year		607,098			162,885			33,444,112			49,725,811			17,794,708			21,222,052
End of Year	$	1,358,387		$	607,098		$	36,506,355		$	33,444,112		$	18,582,292		$	17,794,708

See Notes to Financial Statements

SA-70

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,
	2023			2022			2023			2022			2023			2022

	First Trust/Dow Jones						Franklin						Franklin
	Dividend & Income Allocation Class I						Allocation VIP Class 2						Allocation VIP Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	5,774,755		$	842,051		$	135,191		$	187,081		$	(164,152	)	$	222,756
Realized gain (loss) on investments		7,832,797			75,458,468			(747,295	)		1,231,373			(5,682,790	)		14,162,975
Change in net unrealized appreciation (depreciation) on investments		37,168,737			(169,236,499	)		3,472,019			(5,987,221	)		33,774,396			(62,079,987	)
Net Increase (Decrease) in Net Assets Resulting from Operations		50,776,289			(92,935,980	)		2,859,915			(4,568,767	)		27,927,454			(47,694,256	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		33,405,350			38,708,392			1,060,623			507,037			8,780,465			11,761,549
Transfers between variable and fixed accounts, net		(1,367,224	)		9,629,901			56,571			22,636			8,591,845			4,616,109
Contract benefits and terminations		(69,791,849	)		(56,616,397	)		(1,938,779	)		(2,060,672	)		(24,853,326	)		(24,187,995	)
Contract charges and deductions		(7,053,886	)		(6,982,458	)		(73,928	)		(87,182	)		(2,477,813	)		(2,347,750	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(4,188	)		1,009			13			11			184			(1,083	)
Other		1,772			47,827			(8	)		183			(4,407	)		3,135
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(44,810,025	)		(15,211,726	)		(895,508	)		(1,617,987	)		(9,963,052	)		(10,156,035	)
NET INCREASE (DECREASE) IN NET ASSETS		5,966,264			(108,147,706	)		1,964,407			(6,186,754	)		17,964,402			(57,850,291	)
NET ASSETS
Beginning of Year		593,648,878			701,796,584			21,458,071			27,644,825			219,460,932			277,311,223
End of Year	$	599,615,142		$	593,648,878		$	23,422,478		$	21,458,071		$	237,425,334		$	219,460,932

		Franklin Income						Franklin Income						Franklin Mutual Global
		VIP Class 1 (1)						VIP Class 2						Discovery VIP Class 2
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	15,688		$	7,937		$	2,361,366		$	2,267,019		$	2,165,357		$	646,374
Realized gain (loss) on investments		18,644			2,007			2,152,161			319,516			5,528,835			11,297,966
Change in net unrealized appreciation (depreciation) on investments		(7,868	)		(12,255	)		(422,376	)		(6,593,337	)		18,622,927			(22,001,083	)
Net Increase (Decrease) in Net Assets Resulting from Operations		26,464			(2,311	)		4,091,151			(4,006,802	)		26,317,119			(10,056,743	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		6,112			182,824			4,732,805			3,667,206			3,107,726			2,688,584
Transfers between variable and fixed accounts, net		112,199			62,683			(2,847,301	)		12,724,169			(7,839,195	)		(10,413,139	)
Contract benefits and terminations		(3,953	)		(1,199	)		(7,137,815	)		(7,701,433	)		(19,633,238	)		(15,366,260	)
Contract charges and deductions		-			-			(12,875	)		(9,170	)		(775,786	)		(840,521	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(419	)		(2,019	)
Other		(2	)		(4	)		(412	)		4,830			475			(4,668	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		114,356			244,304			(5,265,598	)		8,685,602			(25,140,437	)		(23,938,023	)
NET INCREASE (DECREASE) IN NET ASSETS		140,820			241,993			(1,174,447	)		4,678,800			1,176,682			(33,994,766	)
NET ASSETS
Beginning of Year or Period		241,993			-			60,618,834			55,940,034			150,268,819			184,263,585
End of Year or Period	$	382,813		$	241,993		$	59,444,387		$	60,618,834		$	151,445,501		$	150,268,819

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-71

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Period Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	Franklin Mutual						Franklin Rising						Franklin Rising
	Shares VIP Class 1 (1)						Dividends VIP Class 1						Dividends VIP Class 2
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	955		$	1,058		$	6,663		$	3,127		$	(490,819	)	$	(759,677	)
Realized gain (loss) on investments		4,892			5,911			71,031			15,813			23,759,976			28,419,860
Change in net unrealized appreciation (depreciation) on investments		11,020			(7,337	)		57,025			(31,344	)		31,010			(58,505,428	)
Net Increase (Decrease) in Net Assets Resulting from Operations		16,867			(368	)		134,719			(12,404	)		23,300,167			(30,845,245	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			55,816			413,715			657,499			14,016,954			13,745,992
Transfers between variable and fixed accounts, net		88,267			(995	)		401,141			150,569			5,537,454			(252,722	)
Contract benefits and terminations		(887	)		(328	)		(172,244	)		(34,359	)		(27,581,766	)		(25,207,844	)
Contract charges and deductions		-			-			-			-			(198,603	)		(184,531	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(13,752	)		(7,989	)
Other		(1	)		(1	)		(59	)		(27	)		1,083			(5,601	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		87,379			54,492			642,553			773,682			(8,238,630	)		(11,912,695	)
NET INCREASE (DECREASE) IN NET ASSETS		104,246			54,124			777,272			761,278			15,061,537			(42,757,940	)
NET ASSETS
Beginning of Year or Period		54,124			-			854,353			93,075			221,584,639			264,342,579
End of Year or Period	$	158,370		$	54,124		$	1,631,625		$	854,353		$	236,646,176		$	221,584,639

		Franklin						Franklin						Franklin
		Small Cap Value VIP Class 1 (1)						Small-Mid Cap Growth VIP Class 1						Strategic Income VIP Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	486		$	356		$	(2,360	)	$	(964	)	$	12,879		$	5,816
Realized gain (loss) on investments		3,347			9,153			(65,313	)		32,502			(21,411	)		(124	)
Change in net unrealized appreciation (depreciation) on investments		24,234			(11,648	)		215,879			(77,131	)		59,893			(18,834	)
Net Increase (Decrease) in Net Assets Resulting from Operations		28,067			(2,139	)		148,206			(45,593	)		51,361			(13,142	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		40,975			131,117			379,981			247,480			1,210,333			283,562
Transfers between variable and fixed accounts, net		81,246			4,955			46,588			90,800			(715,254	)		-
Contract benefits and terminations		(5,777	)		(301	)		(6,589	)		(1,672	)		(2,713	)		(205	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(2	)		(2	)		(15	)		(718	)		(24	)		(3	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		116,442			135,769			419,965			335,890			492,342			283,354
NET INCREASE (DECREASE) IN NET ASSETS		144,509			133,630			568,171			290,297			543,703			270,212
NET ASSETS
Beginning of Year or Period		133,630			-			368,690			78,393			305,048			34,836
End of Year or Period	$	278,139		$	133,630		$	936,861		$	368,690		$	848,751		$	305,048

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-72

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year/Period Ended			Year Ended			Year Ended			Year Ended			Year/Period Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	Templeton						Templeton						Templeton
	Foreign VIP Class 1						Global Bond VIP Class 1						Global Bond VIP Class 2
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	3,750		$	834		$	(1,257	)	$	(386	)	$	(630,787	)	$	(732,899	)
Realized gain (loss) on investments		(471	)		(273	)		(1,592	)		(468	)		(2,997,981	)		(3,699,040	)
Change in net unrealized appreciation (depreciation) on investments		16,835			(3,117	)		12,233			(2,749	)		4,421,837			173,369
Net Increase (Decrease) in Net Assets Resulting from Operations		20,114			(2,556	)		9,384			(3,603	)		793,069			(4,258,570	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		15,390			-			237,510			56,011			1,703,979			1,894,384
Transfers between variable and fixed accounts, net		84,242			(613	)		51,062			(2,192	)		1,205,251			(2,898,335	)
Contract benefits and terminations		(2,563	)		(137	)		(23,597	)		(1,838	)		(8,342,149	)		(7,428,157	)
Contract charges and deductions		-			-			-			-			(74,274	)		(84,932	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(37	)		(1,513	)
Other		(41	)		-			(6	)		(4	)		322			(77	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		97,028			(750	)		264,969			51,977			(5,506,908	)		(8,518,630	)
NET INCREASE (DECREASE) IN NET ASSETS		117,142			(3,306	)		274,353			48,374			(4,713,839	)		(12,777,200	)
NET ASSETS
Beginning of Year		28,042			31,348			106,732			58,358			58,866,304			71,643,504
End of Year	$	145,184		$	28,042		$	381,085		$	106,732		$	54,152,465		$	58,866,304

		Goldman Sachs VIT Large Cap						Goldman Sachs VIT Mid Cap						Goldman Sachs VIT Strategic
		Value Institutional Shares (1)						Value Institutional Shares						Growth Institutional Shares (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	915		$	619		$	1,724		$	520		$	(2,020	)	$	(307	)
Realized gain (loss) on investments		6,342			5,637			(5,536	)		29,455			18,441			20,180
Change in net unrealized appreciation (depreciation) on investments		7,661			(4,127	)		32,891			(51,598	)		94,155			(27,976	)
Net Increase (Decrease) in Net Assets Resulting from Operations		14,918			2,129			29,079			(21,623	)		110,576			(8,103	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		73,906			17,302			139,958			102,197			-			111,632
Transfers between variable and fixed accounts, net		(47,720	)		39,448			28,303			-			292,635			1,341
Contract benefits and terminations		(756	)		(469	)		(122,380	)		(792	)		(4,447	)		(656	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(373	)		(1	)		-			-			(19	)		(4	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		25,057			56,280			45,881			101,405			288,169			112,313
NET INCREASE (DECREASE) IN NET ASSETS		39,975			58,409			74,960			79,782			398,745			104,210
NET ASSETS
Beginning of Year or Period		58,409			-			194,311			114,529			104,210			-
End of Year or Period	$	98,384		$	58,409		$	269,271		$	194,311		$	502,955		$	104,210

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-73

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,
	2023			2022			2023			2022			2023			2022

	Goldman Sachs VIT Trends Driven						Janus Henderson						Janus Henderson
	Allocation Fund Institutional Shares (1)						Balanced Institutional Shares						Balanced Service Shares
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,540		$	(1,092	)	$	25,232		$	18,139		$	30,990,131		$	(6,486,195	)
Realized gain (loss) on investments		(15,054	)		7,743			(134,524	)		16,013			(44,903,087	)		98,463,607
Change in net unrealized appreciation (depreciation) on investments		38,707			(40,959	)		404,147			(375,258	)		703,226,274			(1,138,781,797	)
Net Increase (Decrease) in Net Assets Resulting from Operations		25,193			(34,308	)		294,855			(341,106	)		689,313,318			(1,046,804,385	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			296,816			950,980			1,016,417			399,510,409			622,045,607
Transfers between variable and fixed accounts, net		7,889			-			(1,405,142	)		(62,761	)		106,995,086			95,359,479
Contract benefits and terminations		(136,649	)		(26,709	)		(45,895	)		(171,373	)		(494,536,340	)		(386,696,316	)
Contract charges and deductions		-			-			(6,895	)		(3,021	)		(59,250,238	)		(55,639,431	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(45,367	)		(4,148	)
Other		1			(19	)		2,603			(1,777	)		54,803			198,422
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(128,759	)		270,088			(504,349	)		777,485			(47,271,647	)		275,263,613
NET INCREASE (DECREASE) IN NET ASSETS		(103,566	)		235,780			(209,494	)		436,379			642,041,671			(771,540,772	)
NET ASSETS
Beginning of Year or Period		235,780			-			2,309,472			1,873,093			5,038,948,579			5,810,489,351
End of Year or Period	$	132,214		$	235,780		$	2,099,978		$	2,309,472		$	5,680,990,250		$	5,038,948,579

		Janus Henderson						Janus Henderson						LVIP JPMorgan
		Enterprise Institutional Shares						Flexible Bond Service Shares						Core Bond Class 1
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(2,975	)	$	(538	)	$	737,260		$	240,765		$	32,033		$	892
Realized gain (loss) on investments		48,880			(5,274	)		(981,402	)		(275,975	)		(5,146	)		(661	)
Change in net unrealized appreciation (depreciation) on investments		75,110			10,685			1,442,056			(5,437,202	)		8,382			(23,938	)
Net Increase (Decrease) in Net Assets Resulting from Operations		121,015			4,873			1,197,914			(5,472,412	)		35,269			(23,707	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		74,074			66,869			1,533,511			2,142,702			25,848			4,079
Transfers between variable and fixed accounts, net		133,964			516,973			2,301,509			(1,992,512	)		1,634,366			39,951
Contract benefits and terminations		(18,003	)		(1,877	)		(3,497,333	)		(3,370,861	)		(5,880	)		(21,332	)
Contract charges and deductions		-			-			(10,518	)		(7,778	)		(63	)		(66	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			33			30			-			-
Other		3			955			2,465			1,031			7			(4	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		190,038			582,920			329,667			(3,227,388	)		1,654,278			22,628
NET INCREASE (DECREASE) IN NET ASSETS		311,053			587,793			1,527,581			(8,699,800	)		1,689,547			(1,079	)
NET ASSETS
Beginning of Year		599,707			11,914			29,944,473			38,644,273			172,918			173,997
End of Year	$	910,760		$	599,707		$	31,472,054		$	29,944,473		$	1,862,465		$	172,918

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-74

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,
	2023			2022			2023			2022			2023			2022


	LVIP JPMorgan						LVIP JPMorgan						ClearBridge Variable
	Mid Cap Value Class 1						U.S. Equity Class 1						Aggressive Growth - Class II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	14,608		$	(841	)	$	28		$	(214	)	$	(133,428	)	$	(138,931	)
Realized gain (loss) on investments		41,927			15,790			727			8,625			175,468			908,692
Change in net unrealized appreciation (depreciation) on investments		2,461			(20,574	)		2,606			(13,242	)		2,668,945			(4,897,104	)
Net Increase (Decrease) in Net Assets Resulting from Operations		58,996			(5,625	)		3,361			(4,831	)		2,710,985			(4,127,343	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			-			-			-			1,247,969			507,634
Transfers between variable and fixed accounts, net		(411,389	)		423,422			-			(11,607	)		893,258			790,774
Contract benefits and terminations		(21,980	)		(1,585	)		(124	)		(126	)		(1,147,202	)		(685,639	)
Contract charges and deductions		(28	)		(29	)		(32	)		(31	)		(5,179	)		(4,407	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(6	)		480			28			1			(2,717	)		53
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(433,403	)		422,288			(128	)		(11,763	)		986,129			608,415
NET INCREASE (DECREASE) IN NET ASSETS		(374,407	)		416,663			3,233			(16,594	)		3,697,114			(3,518,928	)
NET ASSETS
Beginning of Year		540,121			123,458			13,375			29,969			11,230,322			14,749,250
End of Year	$	165,714		$	540,121		$	16,608		$	13,375		$	14,927,436		$	11,230,322

		Western Asset Core						Lord Abbett						Lord Abbett
		Plus VIT Class I						Bond Debenture Class VC						Total Return Class VC
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	75,156		$	22,751		$	5,351,553		$	4,818,885		$	8,027,168		$	6,060,433
Realized gain (loss) on investments		(142,903	)		(7,305	)		(4,427,903	)		(3,095,839	)		(5,284,543	)		(3,105,631	)
Change in net unrealized appreciation (depreciation) on investments		186,820			(175,486	)		6,201,184			(24,516,727	)		9,505,448			(46,341,244	)
Net Increase (Decrease) in Net Assets Resulting from Operations		119,073			(160,040	)		7,124,834			(22,793,681	)		12,248,073			(43,386,442	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		991,013			730,959			8,186,803			10,256,273			6,047,204			4,145,447
Transfers between variable and fixed accounts, net		(185,586	)		225,387			(695,819	)		(3,835,173	)		12,838,640			2,092,753
Contract benefits and terminations		(23,582	)		(9,062	)		(16,460,277	)		(13,294,004	)		(30,921,283	)		(24,528,740	)
Contract charges and deductions		-			-			(195,405	)		(199,747	)		(1,639,865	)		(1,775,665	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(192	)		(2,159	)		(4,277	)		100
Other		(5	)		295			(230	)		9,540			313			6,454
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		781,840			947,579			(9,165,120	)		(7,065,270	)		(13,679,268	)		(20,059,651	)
NET INCREASE (DECREASE) IN NET ASSETS		900,913			787,539			(2,040,286	)		(29,858,951	)		(1,431,195	)		(63,446,093	)
NET ASSETS
Beginning of Year		1,394,708			607,169			136,204,893			166,063,844			236,571,067			300,017,160
End of Year	$	2,295,621		$	1,394,708		$	134,164,607		$	136,204,893		$	235,139,872		$	236,571,067

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,
	2023			2022			2023			2022			2023			2022

	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)	$	6,684		$	375		$	(515,570	)	$	(578,444	)	$	(3,497	)	$	(2,655	)
Realized gain (loss) on investments		(14,274	)		29,115			3,618,168			9,075,923			(24,538	)		129,388
Change in net unrealized appreciation (depreciation) on investments		153,290			(93,577	)		10,968,459			(25,558,998	)		119,375			(292,677	)
Net Increase (Decrease) in Net Assets Resulting from Operations		145,700			(64,087	)		14,071,057			(17,061,519	)		91,340			(165,944	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		255,751			66,865			1,465,971			1,227,294			79,544			141,848
Transfers between variable and fixed accounts, net		125,906			266,103			(3,582,867	)		2,196,102			125,911			89,252
Contract benefits and terminations		(8,111	)		(4,162	)		(8,161,629	)		(6,010,892	)		(6,260	)		(4,562	)
Contract charges and deductions		-			-			(397,366	)		(423,085	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(451	)		204			-			-
Other		(12	)		(6	)		(1,634	)		164			(4	)		148
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		373,534			328,800			(10,677,976	)		(3,010,213	)		199,191			226,686
NET INCREASE (DECREASE) IN NET ASSETS		519,234			264,713			3,393,081			(20,071,732	)		290,531			60,742
NET ASSETS
Beginning of Year		795,857			531,144			66,826,527			86,898,259			535,322			474,580
End of Year	$	1,315,091		$	795,857		$	70,219,608		$	66,826,527		$	825,853		$	535,322

		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)	$	2,653,906		$	1,166,249		$	8,136		$	1,774		$	1,225,909		$	734,632
Realized gain (loss) on investments		15,463,704			34,295,127			6,265			3,600			2,566,645			1,756,731
Change in net unrealized appreciation (depreciation) on investments		18,229,162			(88,854,681	)		(21,807	)		(1,899	)		(6,055,244	)		(3,296,883	)
Net Increase (Decrease) in Net Assets Resulting from Operations		36,346,772			(53,393,305	)		(7,406	)		3,475			(2,262,690	)		(805,520	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		27,458,120			30,642,617			85,783			37,931			2,911,656			4,245,487
Transfers between variable and fixed accounts, net		5,860,909			10,222,964			25,348			89,284			(4,644,540	)		10,504,172
Contract benefits and terminations		(50,375,389	)		(42,630,966	)		(3,887	)		(801	)		(7,953,832	)		(7,734,993	)
Contract charges and deductions		(4,844,930	)		(4,720,830	)		-			-			(24,508	)		(28,758	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		485			441			-			-			-			-
Other		3,393			39,415			1			(3	)		8,171			(9,976	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(21,897,412	)		(6,446,359	)		107,245			126,411			(9,703,053	)		6,975,932
NET INCREASE (DECREASE) IN NET ASSETS		14,449,360			(59,839,664	)		99,839			129,886			(11,965,743	)		6,170,412
NET ASSETS
Beginning of Year		427,543,562			487,383,226			169,207			39,321			68,766,145			62,595,733
End of Year	$	441,992,922		$	427,543,562		$	269,046		$	169,207		$	56,800,402		$	68,766,145

See Notes to Financial Statements

SA-76

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year/Period Ended			Year Ended			Year Ended			Year Ended			Year/Period Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	MFS Value Series -						MFS Value Series -						Neuberger Berman U.S. Equity Index
	Initial Class						Service Class						PutWrite Strategy Class S
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,781		$	1,114		$	431,546		$	258,814		$	(48,698	)	$	(36,872	)
Realized gain (loss) on investments		11,530			6,466			5,446,779			5,773,489			(252,710	)		475,171
Change in net unrealized appreciation (depreciation) on investments		48,279			(13,801	)		(1,064,521	)		(12,322,452	)		872,025			(876,896	)
Net Increase (Decrease) in Net Assets Resulting from Operations		61,590			(6,221	)		4,813,804			(6,290,149	)		570,617			(438,597	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		570,823			94,498			1,763,113			2,831,401			736,908			801,984
Transfers between variable and fixed accounts, net		162,219			13,831			693,583			(3,303,616	)		554,199			464,000
Contract benefits and terminations		(3,077	)		(770	)		(8,212,703	)		(6,631,959	)		(639,693	)		(243,194	)
Contract charges and deductions		-			-			(448,686	)		(489,119	)		(2,996	)		(401	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(2,517	)		2			-			-
Other		(14	)		-			(1,046	)		684			47			(1,219	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		729,951			107,559			(6,208,256	)		(7,592,607	)		648,465			1,021,170
NET INCREASE (DECREASE) IN NET ASSETS		791,541			101,338			(1,394,452	)		(13,882,756	)		1,219,082			582,573
NET ASSETS
Beginning of Year		123,945			22,607			76,443,736			90,326,492			3,807,658			3,225,085
End of Year	$	915,486		$	123,945		$	75,049,284		$	76,443,736		$	5,026,740		$	3,807,658

		TOPS						TOPS						TOPS
		Aggressive Growth ETF Class 1 (1)						Balanced ETF Class 1					Conservative ETF Class 1 (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	4,270		$	(136	)	$	1,947		$	2,349		$	5,794		$	2,113
Realized gain (loss) on investments		1,939			(10,770	)		(3,571	)		2,205			3,763			(3,909	)
Change in net unrealized appreciation (depreciation) on investments		46,733			(366	)		19,852			(15,972	)		15,896			(6,687	)
Net Increase (Decrease) in Net Assets Resulting from Operations		52,942			(11,272	)		18,228			(11,418	)		25,453			(8,483	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		279,996			68,845			-			158,236			-			581,037
Transfers between variable and fixed accounts, net		90,475			(52,148	)		(28,239	)		-			(65,844	)		(253,659	)
Contract benefits and terminations		(1,297	)		(404	)		(37,656	)		(1,004	)		(2,248	)		(1,153	)
Contract charges and deductions		-			-			(799	)		(766	)		(3,971	)		(1,632	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(8	)		(799	)		-			(3	)		(1	)		(13	)

Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		369,166			15,494			(66,694	)		156,463			(72,064	)		324,580
NET INCREASE (DECREASE) IN NET ASSETS		422,108			4,222			(48,466	)		145,045			(46,611	)		316,097
NET ASSETS
Beginning of Year or Period		4,222			-			199,059			54,014			316,097			-
End of Year or Period	$	426,330		$	4,222		$	150,593		$	199,059		$	269,486		$	316,097

(1) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-77

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,
	2023			2022			2023				2022		2023			2022

	TOPS						TOPS Managed Risk						TOPS Managed Risk
	Growth ETF Class 1						Balanced ETF Class 1 (1)						Growth ETF Class 1 (2)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	5,124		$	169		$	1,652					$	(82	)	$	800
Realized gain (loss) on investments		4,144			(5,102	)		2,639						(432	)		3,634
Change in net unrealized appreciation (depreciation) on investments		42,095			(19,590	)		20,384						13,256			(5,002	)
Net Increase (Decrease) in Net Assets Resulting from Operations		51,363			(24,523	)		24,675						12,742			(568	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		242,253			(53,350	)		569,246						204,949			9,220
Transfers between variable and fixed accounts, net		13,790			(11,736	)		28,336						-			-
Contract benefits and terminations		(2,010	)		(2,308	)		(2,489	)					(286	)		(59	)
Contract charges and deductions		-			-			-						-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-						-			-
Other		14			4,079			550						(5	)		1
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		254,047			(63,315	)		595,643						204,658			9,162
NET INCREASE (DECREASE) IN NET ASSETS		305,410			(87,838	)		620,318						217,400			8,594
NET ASSETS
Beginning of Year or Period		172,321			260,159			-						8,594			-
End of Year or Period	$	477,731		$	172,321		$	620,318					$	225,994		$	8,594

		TOPS						PIMCO All Asset -					PIMCO CommodityRealReturn
		Moderate Growth ETF Class 1 (2)						Advisor Class					Strategy - Advisor Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	223		$	829		$	64,426		$	312,310		$	3,628,154		$	7,971,025
Realized gain (loss) on investments		323			651			(389,681	)		188,875			(4,103,526	)		(5,659,844	)
Change in net unrealized appreciation (depreciation) on investments		926			(417	)		604,826			(1,219,149	)		(2,139,821	)		(2,548,685	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,472			1,063			279,571			(717,964	)		(2,615,193	)		(237,504	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			-			163,282			276,381			1,102,743			3,320,426
Transfers between variable and fixed accounts, net		(39,724	)		52,440			(431,056	)		86,060			(8,416,001	)		9,859,627
Contract benefits and terminations		-			(176	)		(506,198	)		(575,655	)		(3,009,357	)		(3,428,737	)
Contract charges and deductions		-			-			(579	)		(598	)		(6,258	)		(17,345	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(2,680	)		-
Other		2			1			(59	)		(353	)		(2,263	)		(14,845	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(39,722	)		52,265			(774,610	)		(214,165	)		(10,333,816	)		9,719,126
NET INCREASE (DECREASE) IN NET ASSETS		(38,250	)		53,328			(495,039	)		(932,129	)		(12,949,009	)		9,481,622
NET ASSETS
Beginning of Year or Period		53,328			-			4,468,823			5,400,952			31,714,469			22,232,847
End of Year or Period	$	15,078		$	53,328		$	3,973,784		$	4,468,823		$	18,765,460		$	31,714,469

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

(2) Operations commenced or resumed during 2022 (See Financial Highlights for commencement date of operations).

See Notes to Financial Statements

SA-78

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year/Period Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022			2023			2022

	PIMCO Emerging Markets						PIMCO Income -						PIMCO Long-Term U.S.
	Bond - Institutional Class						Advisor Class						Government - Institutional Class (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	12,549		$	10,431		$	1,143,335		$	491,958		$	8,279		$	1,876
Realized gain (loss) on investments		(41,056	)		(5,166	)		(1,082,711	)		(616,871	)		(13,170	)		(714	)
Change in net unrealized appreciation (depreciation) on investments		49,566			(34,674	)		2,070,167			(1,584,731	)		16,657			(23,483	)
Net Increase (Decrease) in Net Assets Resulting from Operations		21,059			(29,409	)		2,130,791			(1,709,644	)		11,766			(22,321	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		71,627			107,634			5,196,448			1,396,495			316,278			213,807
Transfers between variable and fixed accounts, net		(195,508	)		46,759			17,336,102			1,693,106			(5,789	)		19,235
Contract benefits and terminations		(1,273	)		(1,468	)		(2,218,715	)		(1,291,880	)		(5,814	)		(1,171	)
Contract charges and deductions		-			-			(18,498	)		(1,424	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(136	)		-			-			-
Other		338			133			(727	)		1,353			44			(2,330	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(124,816	)		153,058			20,294,474			1,797,650			304,719			229,541
NET INCREASE (DECREASE) IN NET ASSETS		(103,757	)		123,649			22,425,265			88,006			316,485			207,220
NET ASSETS
Beginning of Year or Period		283,162			159,513			20,110,768			20,022,762			207,220			-
End of Year or Period	$	179,405		$	283,162		$	42,536,033		$	20,110,768		$	523,705		$	207,220

	PIMCO Low Duration -						PIMCO Total Return -						PSF Mid-Cap
	Institutional Class						Institutional Class						Growth Class II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	60,240		$	8,107		$	50,187		$	14,853		$	(386	)	$	(386	)
Realized gain (loss) on investments		(6,538	)		(4,079	)		(37,555	)		(22,289	)		674			(121	)
Change in net unrealized appreciation (depreciation) on investments		44,328			(26,196	)		111,575			(34,235	)		4,046			(7,796	)
Net Increase (Decrease) in Net Assets Resulting from Operations		98,030			(22,168	)		124,207			(41,671	)		4,334			(8,303	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,683,813			631,827			1,303,296			1,297,641			-			-
Transfers between variable and fixed accounts, net		1,112,701			64,938			(274,751	)		132,323			308			457
Contract benefits and terminations		(57,554	)		(1,115	)		(140,435	)		(6,460	)		(1,228	)		-
Contract charges and deductions		-			-			-			-			(20	)		(16	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(59	)		(5	)		639			59			(3	)		-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,738,901			695,645			888,749			1,423,563			(943	)		441
NET INCREASE (DECREASE) IN NET ASSETS		2,836,931			673,477			1,012,956			1,381,892			3,391			(7,862	)
NET ASSETS
Beginning of Year		716,581			43,104			1,495,415			113,523			21,308			29,170
End of Year	$	3,553,512		$	716,581		$	2,508,371		$	1,495,415		$	24,699		$	21,308

(1) Operations commenced or resumed during 2022 (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 Ended			Year/Period Ended			Year Ended
		December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
		2023			2022			2023			2022			2023			2022

		PSF PGIM						PSF PGIM						Schwab Government
		Jennison Growth Class II						Jennison Value Class II						Money Market (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,392	)	$	(1,303	)	$	(1,374	)	$	(1,413	)	$	527
Realized gain (loss) on investments		2,895			1,191			3,868			3,763			-
Change in net unrealized appreciation (depreciation) on investments		36,378			(47,431	)		8,802			(12,199	)		-
Net Increase (Decrease) in Net Assets Resulting from Operations		37,881			(47,543	)		11,296			(9,849	)		527
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			-			-			-			192,853
Transfers between variable and fixed accounts, net		-			-			-			-			(193,373	)
Contract benefits and terminations		(1,768	)		-			(3,802	)		(3,732	)		-
Contract charges and deductions		(68	)		(48	)		(301	)		(305	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-
Other		(13	)		19			(5	)		12			(7	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(1,849	)		(29	)		(4,108	)		(4,025	)		(527	)
NET INCREASE (DECREASE) IN NET ASSETS		36,032			(47,572	)		7,188			(13,874	)		-
NET ASSETS
Beginning of Year or Period		75,059			122,631			89,023			102,897			-
End of Year or Period	$	111,091		$	75,059		$	96,211		$	89,023		$	-

	Schwab												Schwab VIT
	S&P 500 Index						Schwab VIT Balanced						Balanced with Growth
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	234,646		$	147,649		$	714,539		$	600,575		$	1,307,890		$	1,360,817
Realized gain (loss) on investments		(229,758	)		(327,406	)		329,063			1,547,045			1,409,212			3,126,998
Change in net unrealized appreciation (depreciation) on investments		6,398,822			(2,270,675	)		5,167,403			(13,196,190	)		14,208,017			(30,357,237	)
Net Increase (Decrease) in Net Assets Resulting from Operations		6,403,710			(2,450,432	)		6,211,005			(11,048,570	)		16,925,119			(25,869,422	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		14,465,102			16,004,635			2,350,667			726,211			1,249,069			4,842,001
Transfers between variable and fixed accounts, net		2,947,029			(1,470,887	)		412,461			1,808,567			223,363			(205,298	)
Contract benefits and terminations		(4,037,891	)		(201,516	)		(6,976,637	)		(8,145,454	)		(11,151,440	)		(9,379,072	)
Contract charges and deductions		-			-			(281,208	)		(296,160	)		(677,176	)		(705,020	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(5,387	)		(11,073	)		5,720			25,525			(4,378	)		2,428
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		13,368,853			14,321,159			(4,488,997	)		(5,881,311	)		(10,360,562	)		(5,444,961	)
NET INCREASE (DECREASE) IN NET ASSETS		19,772,563			11,870,727			1,722,008			(16,929,881	)		6,564,557			(31,314,383	)
NET ASSETS
Beginning of Year		19,818,575			7,947,848			57,333,835			74,263,716			125,849,734			157,164,117
End of Year	$	39,591,138		$	19,818,575		$	59,055,843		$	57,333,835		$	132,414,291		$	125,849,734

(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,
	2023			2022			2023			2022			2023			2022

							State Street						T. Rowe Price
	Schwab VIT Growth						Total Return V.I.S. Class 3						Blue Chip Growth - I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,341,106		$	1,597,508		$	2,122,328		$	(2,650,478	)	$	(6,562	)	$	(2,501	)
Realized gain (loss) on investments		1,471,979			2,965,024			(5,215,243	)		(2,202,942	)		(101,456	)		27,817
Change in net unrealized appreciation (depreciation) on investments		19,321,920			(35,448,935	)		39,009,642			(59,445,045	)		596,965			(221,807	)
Net Increase (Decrease) in Net Assets Resulting from Operations		22,135,005			(30,886,403	)		35,916,727			(64,298,465	)		488,947			(196,491	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,658,201			5,796,509			7,989,679			6,279,745			402,441			543,982
Transfers between variable and fixed accounts, net		(442,907	)		(1,603,289	)		3,094,662			(9,218,624	)		91,355			502,002
Contract benefits and terminations		(10,301,130	)		(9,790,021	)		(32,056,955	)		(34,462,927	)		(135,392	)		(29,366	)
Contract charges and deductions		(1,034,856	)		(1,056,558	)		(3,607,406	)		(3,808,908	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			744			(15,470	)		-			-
Other		512			17,205			93			7,753			(71	)		14
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(10,120,180	)		(6,636,154	)		(24,579,183	)		(41,218,431	)		358,333			1,016,632
NET INCREASE (DECREASE) IN NET ASSETS		12,014,825			(37,522,557	)		11,337,544			(105,516,896	)		847,280			820,141
NET ASSETS
Beginning of Year		136,930,457			174,453,014			273,070,007			378,586,903			882,973			62,832
End of Year	$	148,945,282		$	136,930,457		$	284,407,551		$	273,070,007		$	1,730,253		$	882,973

	T. Rowe Price						T. Rowe Price						VanEck VIP
	Equity Income - I						Health Sciences - I						Global Resources Class S
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	5,880		$	4,153		$	(2,696	)	$	(2,011	)	$	312,674		$	100,445
Realized gain (loss) on investments		17,094			13,016			(4,027	)		2,766			(364,457	)		(269,061	)
Change in net unrealized appreciation (depreciation) on investments		12,694			(30,143	)		23,604			(40,412	)		(1,515,880	)		1,432,065
Net Increase (Decrease) in Net Assets Resulting from Operations		35,668			(12,974	)		16,881			(39,657	)		(1,567,663	)		1,263,449
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		95,411			183,141			116,692			92,749			1,029,694			1,380,968
Transfers between variable and fixed accounts, net		89,391			16,934			77,320			108,619			(2,693,249	)		5,911,424
Contract benefits and terminations		(15,142	)		(13,542	)		(52,069	)		(7,588	)		(3,261,160	)		(2,509,349	)
Contract charges and deductions		-			-			-			-			(9,825	)		(9,913	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			(133	)		(597	)
Other		(2	)		(2	)		238			(5	)		3,321			(17,798	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		169,658			186,531			142,181			193,775			(4,931,352	)		4,754,735
NET INCREASE (DECREASE) IN NET ASSETS		205,326			173,557			159,062			154,118			(6,499,015	)		6,018,184
NET ASSETS
Beginning of Year		289,969			116,412			444,836			290,718			27,805,678			21,787,494
End of Year	$	495,295		$	289,969		$	603,898		$	444,836		$	21,306,663		$	27,805,678

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,
	2023			2022			2023			2022			2023			2022

	Vanguard VIF						Vanguard VIF						Vanguard VIF
	Balanced						Capital Growth						Conservative Allocation
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	193,469		$	64,553		$	7,923		$	2,535		$	55,615		$	30,718
Realized gain (loss) on investments		(126,625	)		321,050			(39,787	)		35,222			(76,692	)		(95,176	)
Change in net unrealized appreciation (depreciation) on investments		1,649,314			(1,239,513	)		443,669			(145,174	)		607,340			(326,302	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,716,158			(853,910	)		411,805			(107,417	)		586,263			(390,760	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		4,715,959			7,670,194			957,784			839,291			2,279,372			2,568,898
Transfers between variable and fixed accounts, net		(731,693	)		(125,471	)		67,839			190,558			286,721			(1,266,299	)
Contract benefits and terminations		(951,304	)		(295,871	)		(553,821	)		(9,454	)		(250,084	)		(81,666	)
Contract charges and deductions		(62,868	)		(36,529	)		-			-			(713	)		(1,995	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		2,373			(2,833	)		(305	)		(5	)		(88	)		(9	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		2,972,467			7,209,490			471,497			1,020,390			2,315,208			1,218,929
NET INCREASE (DECREASE) IN NET ASSETS		4,688,625			6,355,580			883,302			912,973			2,901,471			828,169
NET ASSETS
Beginning of Year		10,422,713			4,067,133			1,266,884			353,911			3,295,449			2,467,280
End of Year	$	15,111,338		$	10,422,713		$	2,150,186		$	1,266,884		$	6,196,920		$	3,295,449

	Vanguard VIF						Vanguard VIF						Vanguard VIF
	Diversified Value						Equity Income						Equity Index
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	11,113		$	4,794		$	56,372		$	3,786		$	21,759		$	21,353
Realized gain (loss) on investments		6,060			59,584			54,213			30,044			31,504			74,910
Change in net unrealized appreciation (depreciation) on investments		194,575			(173,465	)		192,277			82,587			495,923			(560,758	)
Net Increase (Decrease) in Net Assets Resulting from Operations		211,748			(109,087	)		302,862			116,417			549,186			(464,495	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		141,273			453,540			3,285,633			1,248,167			531,454			97,347
Transfers between variable and fixed accounts, net		(110,318	)		(52,554	)		(2,195,403	)		515,073			29,894			(105,946	)
Contract benefits and terminations		(81,489	)		(6,176	)		(79,423	)		(16,133	)		(43,234	)		(46,658	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(344	)		(257	)		(9	)		2,281			23			(1,253	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(50,878	)		394,553			1,010,798			1,749,388			518,137			(56,510	)
NET INCREASE (DECREASE) IN NET ASSETS		160,870			285,466			1,313,660			1,865,805			1,067,323			(521,005	)
NET ASSETS
Beginning of Year		1,139,243			853,777			2,147,027			281,222			2,083,980			2,604,985
End of Year	$	1,300,113		$	1,139,243		$	3,460,687		$	2,147,027		$	3,151,303		$	2,083,980

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,
	2023			2022			2023			2022			2023			2022

	Vanguard VIF						Vanguard VIF						Vanguard VIF
	Global Bond Index						Growth						High Yield Bond
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	12,312		$	20,024		$	(7,344	)	$	(5,215	)	$	38,799		$	23,908
Realized gain (loss) on investments		(7,086	)		1,658			(217,393	)		46,059			(21,865	)		(18,373	)
Change in net unrealized appreciation (depreciation) on investments		67,669			(157,191	)		957,675			(358,564	)		139,918			(64,941	)
Net Increase (Decrease) in Net Assets Resulting from Operations		72,895			(135,509	)		732,938			(317,720	)		156,852			(59,406	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		361,182			229,155			1,439,867			1,026,981			491,051			794,932
Transfers between variable and fixed accounts, net		150,895			(13,951	)		298,059			121,548			438,222			(219,464	)
Contract benefits and terminations		(13,577	)		(7,837	)		(43,982	)		(7,299	)		(16,552	)		(4,781	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(21	)		(1	)		(51	)		243			128			(9	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		498,479			207,366			1,693,893			1,141,473			912,849			570,678
NET INCREASE (DECREASE) IN NET ASSETS		571,374			71,857			2,426,831			823,753			1,069,701			511,272
NET ASSETS
Beginning of Year		952,989			881,132			1,474,307			650,554			907,159			395,887
End of Year	$	1,524,363		$	952,989		$	3,901,138		$	1,474,307		$	1,976,860		$	907,159

	Vanguard VIF						Vanguard VIF						Vanguard VIF
	International						Mid-Cap Index						Moderate Allocation
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	3,516		$	1,026		$	30,976		$	6,768		$	229,067		$	128,684
Realized gain (loss) on investments		9,743			(84,021	)		(53,422	)		73,254			(429,142	)		194,336
Change in net unrealized appreciation (depreciation) on investments		111,329			2,007			798,749			(404,889	)		2,416,940			(1,602,587	)
Net Increase (Decrease) in Net Assets Resulting from Operations		124,588			(80,988	)		776,303			(324,867	)		2,216,865			(1,279,567	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		711,646			315,703			2,426,071			2,391,490			5,189,390			8,796,516
Transfers between variable and fixed accounts, net		283,788			22,719			509,966			669,507			(2,044,653	)		(309,552	)
Contract benefits and terminations		(24,502	)		(5,475	)		(170,698	)		(34,085	)		(1,440,481	)		(266,071	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(22	)		154			(327	)		(1,350	)		(214	)		(658	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		970,910			333,101			2,765,012			3,025,562			1,704,042			8,220,235
NET INCREASE (DECREASE) IN NET ASSETS		1,095,498			252,113			3,541,315			2,700,695			3,920,907			6,940,668
NET ASSETS
Beginning of Year		429,107			176,994			3,398,328			697,633			13,681,505			6,740,837
End of Year	$	1,524,605		$	429,107		$	6,939,643		$	3,398,328		$	17,602,412		$	13,681,505

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,
	2023			2022			2023			2022			2023			2022

	Vanguard VIF						Vanguard VIF						Vanguard VIF
	Real Estate Index						Short-Term Investment-Grade						Total Bond Market Index
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	25,290		$	13,732		$	63,969		$	21,372		$	179,412		$	95,914
Realized gain (loss) on investments		(53,300	)		34,253			(41,857	)		(21,596	)		(507,645	)		(241,465	)
Change in net unrealized appreciation (depreciation) on investments		263,481			(360,256	)		286,264			(112,899	)		973,140			(760,100	)
Net Increase (Decrease) in Net Assets Resulting from Operations		235,471			(312,271	)		308,376			(113,123	)		644,907			(905,651	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		715,041			1,056,917			2,118,293			2,629,556			6,136,356			3,794,162
Transfers between variable and fixed accounts, net		342,034			381,765			596,306			415,817			924,997			(1,646,507	)
Contract benefits and terminations		(264,707	)		(13,534	)		(342,713	)		(63,456	)		(409,708	)		(77,699	)
Contract charges and deductions		-			-			-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(202	)		(238	)		41			57			197			(785	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		792,166			1,424,910			2,371,927			2,981,974			6,651,842			2,069,171
NET INCREASE (DECREASE) IN NET ASSETS		1,027,637			1,112,639			2,680,303			2,868,851			7,296,749			1,163,520
NET ASSETS
Beginning of Year		1,313,023			200,384			4,020,516			1,151,665			7,602,858			6,439,338
End of Year	$	2,340,660		$	1,313,023		$	6,700,819		$	4,020,516		$	14,899,607		$	7,602,858

	Vanguard VIF Total						Vanguard VIF
	International Stock Market Index						Total Stock Market Index
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	183,045		$	85,159		$	48,602		$	37,125
Realized gain (loss) on investments		(118,368	)		46,536			222,558			122,878
Change in net unrealized appreciation (depreciation) on investments		1,265,017			(818,870	)		1,873,983			(1,151,349	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,329,694			(687,175	)		2,145,143			(991,346	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,951,727			3,253,158			3,213,158			4,749,656
Transfers between variable and fixed accounts, net		617,041			1,608,648			(34,556	)		86,864
Contract benefits and terminations		(284,640	)		(69,501	)		(397,607	)		(100,994	)
Contract charges and deductions		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-
Other		(222	)		326			(15	)		(16,236	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		3,283,906			4,792,631			2,780,980			4,719,290
NET INCREASE (DECREASE) IN NET ASSETS		4,613,600			4,105,456			4,926,123			3,727,944
NET ASSETS
Beginning of Year		7,181,273			3,075,817			7,228,967			3,501,023
End of Year	$	11,794,873		$	7,181,273		$	12,155,090		$	7,228,967

See Notes to Financial Statements

SA-84

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS

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

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Core Income Class I
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	%
2019		10.64		11.46		2,151,095		23,795,771		0.00	%		0.30	%		2.00	%		8.73	%		10.59	%
Diversified Bond Class I
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	%
2019		11.16		17.73		13,472,666		182,275,698		0.00	%		0.30	%		2.00	%		10.76	%		12.66	%
Floating Rate Income Class I
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	%
2019		10.64		12.25		14,377,073		165,220,344		0.00	%		0.30	%		2.00	%		5.97	%		7.78	%
Floating Rate Income Class P
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
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	%
2019		11.15		28.14		9,943,416		180,716,346		0.00	%		0.30	%		2.00	%		11.73	%		13.64	%
Inflation Managed Class I
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	%
2019		9.24		23.99		10,343,826		169,617,916		0.00	%		0.30	%		2.00	%		6.49	%		8.32	%
Intermediate Bond Class I
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
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	%
2019		10.40		27.05		22,284,620		381,005,513		0.00	%		0.30	%		2.00	%		6.34	%		8.17	%
Short Duration Bond Class I
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	%
2019		9.72		12.92		32,261,598		341,983,698		0.00	%		0.30	%		2.00	%		2.16	%		3.91	%
Emerging Markets Debt Class I
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	%
2019		10.36		12.64		1,777,321		20,249,407		0.00	%		0.30	%		2.00	%		7.35	%		9.19	%

See Notes to Financial Statements

SA-85

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Dividend Growth Class I
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	%
2019		14.07		32.64		14,570,294		360,631,080		0.00	%		0.30	%		2.00	%		28.05	%		30.25	%
Equity Index Class I
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	%
2019		13.84		54.77		42,320,089		1,044,372,214		0.00	%		0.30	%		2.00	%		28.50	%		30.70	%
Focused Growth Class I
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	%
2019		16.29		63.28		5,518,935		176,509,190		0.00	%		0.30	%		2.00	%		32.78	%		35.06	%
Growth Class I
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	%
2019		16.30		69.38		7,725,298		313,122,387		0.00	%		0.30	%		2.00	%		35.40	%		37.72	%
Hedged Equity Class I
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
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
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	%
2019		14.38		42.88		9,529,328		293,457,670		0.00	%		0.30	%		2.00	%		29.52	%		31.74	%
Large-Cap Growth Class I
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	%
2019		15.72		36.37		9,225,050		213,262,358		0.00	%		0.30	%		2.00	%		29.72	%		31.95	%
Large-Cap Value Class I
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	%
2019		12.35		30.31		8,646,430		205,659,391		0.00	%		0.30	%		2.00	%		25.92	%		28.08	%
Mid-Cap Equity Class I
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	%
2019		12.42		46.45		6,996,655		209,138,478		0.00	%		0.30	%		2.00	%		18.45	%		20.48	%
Mid-Cap Growth Class I
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	%
2019		16.07		30.93		10,774,027		258,256,271		0.00	%		0.30	%		2.00	%		35.71	%		38.04	%

See Notes to Financial Statements

SA-86

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Mid-Cap Value Class I
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	%
2019		12.76		34.75		4,350,388		97,366,796		0.00	%		0.30	%		2.00	%		27.37	%		29.55	%
Small-Cap Equity Class I
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	%
2019		11.94		34.42		2,666,253		54,430,618		0.00	%		0.30	%		2.00	%		21.50	%		23.59	%
Small-Cap Growth Class I
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	%
2019		16.25		29.15		5,053,589		116,165,093		0.00	%		0.30	%		2.00	%		29.29	%		31.51	%
Small-Cap Index Class I
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	%
2019		11.94		36.58		10,182,090		233,189,346		0.00	%		0.30	%		2.00	%		22.33	%		24.42	%
Small-Cap Value Class I
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	%
2019		10.87		52.16		4,552,357		114,480,115		0.00	%		0.30	%		2.00	%		20.16	%		22.22	%
Value Class I
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	)%
2019		12.17		27.69		9,134,455		197,827,146		0.00	%		0.30	%		2.00	%		22.25	%		24.35	%
Value Advantage Class I
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	)%
2019		13.28		19.02		2,407,374		42,826,045		0.00	%		0.30	%		2.00	%		24.45	%		26.58	%
Emerging Markets Class I
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	%
2019		12.23		79.33		8,977,104		199,638,291		0.00	%		0.30	%		2.00	%		23.12	%		25.23	%
International Growth Class I
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
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	%
2019		12.81		29.23		15,285,757		264,096,383		0.00	%		0.30	%		2.00	%		25.50	%		27.65	%

See Notes to Financial Statements

SA-87

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

International Small-Cap Class I
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	%
2019		10.94		19.95		3,062,801		41,971,971		0.00	%		0.30	%		2.00	%		17.69	%		19.71	%
International Value Class I
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	)%
2019		7.56		14.66		9,225,209		114,596,679		0.00	%		0.30	%		2.00	%		14.29	%		16.25	%
Health Sciences Class I
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	%
2019		14.61		75.71		7,808,345		301,373,616		0.00	%		0.30	%		2.00	%		23.28	%		25.39	%
Real Estate Class I
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	)%
2019		13.03		63.11		5,315,569		143,979,376		0.00	%		0.30	%		2.00	%		28.69	%		30.89	%
Technology Class I
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	%
2019		11.79		24.32		7,653,316		142,235,523		0.00	%		0.30	%		2.00	%		33.62	%		35.91	%
ESG Diversified Class I
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)
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
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	)%
ESG Diversified Growth Class P
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
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	%
2019		11.71		13.18		17,533,417		223,629,160		0.00	%		0.30	%		2.00	%		17.38	%		19.39	%
PSF Avantis Balanced Allocation Class P
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
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	%
2019		11.45		20.24		33,572,437		504,881,921		0.00	%		0.30	%		2.00	%		13.18	%		15.12	%

See Notes to Financial Statements

SA-88

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Pacific Dynamix - Conservative Growth Class P
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
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	%
2019		11.74		23.78		140,905,132		2,309,891,015		0.00	%		0.30	%		2.00	%		16.59	%		18.58	%
Pacific Dynamix - Moderate Growth Class P
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
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	%
2019		12.28		27.81		37,812,246		744,887,106		0.00	%		0.30	%		2.00	%		20.50	%		22.57	%
Pacific Dynamix - Growth Class P
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	%
Portfolio Optimization Conservative Class I
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	%
2019		10.95		13.88		112,674,680		1,415,956,727		0.00	%		0.30	%		2.00	%		9.98	%		11.86	%
Portfolio Optimization Moderate-Conservative Class I
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	%
2019		11.32		15.15		160,008,744		2,202,281,279		0.00	%		0.30	%		2.00	%		13.00	%		14.93	%
Portfolio Optimization Moderate Class I
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	%
2019		11.49		16.73		615,901,678		9,125,390,297		0.00	%		0.30	%		2.00	%		16.11	%		18.10	%
Portfolio Optimization Growth Class I
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	%
2019		13.04		18.44		492,110,249		7,818,850,939		0.00	%		0.30	%		2.00	%		19.25	%		21.29	%
Portfolio Optimization Aggressive-Growth Class I
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	%
2019		12.16		19.59		101,347,267		1,659,745,072		0.00	%		0.30	%		2.00	%		21.31	%		23.39	%
Invesco Oppenheimer V.I. International Growth Series I
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	)%

See Notes to Financial Statements

SA-89

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Invesco Oppenheimer V.I. International Growth Series II
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	%
2019		11.50		13.26		1,226,707		14,698,332		0.72	%		0.30	%		2.00	%		25.42	%		27.57	%
Invesco V.I. American Value Series I
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
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
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	%
2019		11.02		22.01		20,202,936		320,444,489		0.00	%		0.30	%		2.00	%		12.61	%		14.54	%
Invesco V.I. Discovery Mid Cap Growth Series I
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
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	%
2019		11.27		13.95		3,947,659		51,983,779		2.36	%		0.30	%		2.00	%		17.63	%		19.65	%
Invesco V.I. EQV International Equity Series I (6)
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	)%
Invesco V.I. Global Real Estate Series II
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	)%
2019		11.35		13.30		810,384		9,561,900		3.62	%		0.30	%		2.00	%		20.22	%		22.28	%
Invesco V.I. Global Series II
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	%
2019		13.62		15.53		1,488,720		21,391,688		0.64	%		0.30	%		2.00	%		28.85	%		31.06	%
Invesco V.I. Main Street Small Cap Fund Series I
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 - September Series I
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
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. Nasdaq 100 Buffer - December Series I
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
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	)%

See Notes to Financial Statements

SA-90

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Invesco V.I. Nasdaq 100 Buffer - March Series I
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
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 - June Series I (6)
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
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. S&P 500 Buffer - September Series I
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
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. S&P 500 Buffer - December Series I (6)
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
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 - March Series II
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 - June Series I (6)
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
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	%
Invesco V.I. Technology Series I
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 Century VP Mid Cap Value Class I
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	%
American Century VP Mid Cap Value Class II
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	%
2019		11.67		21.75		4,696,915		88,473,524		1.90	%		0.30	%		2.00	%		26.44	%		28.61	%
American Funds IS American High-Income Trust Class 4
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	%
2019		10.95		12.76		2,603,736		31,991,057		6.27	%		0.30	%		1.95	%		10.10	%		11.93	%
American Funds IS Asset Allocation Class 1
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
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	%
2019		12.14		14.71		243,250,672		3,309,209,188		1.73	%		0.30	%		2.00	%		18.53	%		20.56	%

See Notes to Financial Statements

SA-91

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

American Funds IS Capital Income Builder Class 1
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
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	%
2019		11.16		12.43		9,363,187		110,011,255		2.68	%		0.30	%		2.00	%		15.29	%		17.27	%
American Funds IS Capital World Bond Class 1
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
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	%
2019		10.44		11.20		1,477,082		16,045,481		1.46	%		0.30	%		2.00	%		5.41	%		7.21	%
American Funds IS Capital World Growth and Income Class 1
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
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	%
2019		13.28		15.30		3,022,917		44,898,187		1.93	%		0.30	%		2.00	%		28.14	%		30.34	%
American Funds IS Global Balanced Class 4
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	%
2019		12.68		13.55		4,799,248		63,144,585		1.14	%		0.30	%		2.00	%		17.83	%		19.85	%
American Funds IS Global Growth Class 1
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
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	%
2019		14.07		18.15		6,719,991		115,088,564		1.00	%		0.30	%		2.00	%		32.20	%		34.47	%
American Funds IS Global Small Capitalization Class 4
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	%
2019		13.12		14.64		1,840,128		26,084,787		0.01	%		0.30	%		2.00	%		28.65	%		30.85	%
American Funds IS Growth Class 1
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
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	%
2019		14.61		20.13		25,959,828		449,220,933		0.57	%		0.30	%		2.00	%		27.86	%		30.05	%

See Notes to Financial Statements

SA-92

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

American Funds IS Growth-Income Class 1
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
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	%
2019		13.58		17.63		24,612,458		388,579,894		1.50	%		0.30	%		2.00	%		23.36	%		25.48	%
American Funds IS International Class 1
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	)%
American Funds IS International Class 4
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	%
2019		11.86		13.91		7,321,305		91,758,888		1.39	%		0.30	%		2.00	%		20.24	%		22.30	%
American Funds IS International Growth and Income Class 1
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
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	%
2019		11.08		13.71		4,691,520		55,508,509		2.42	%		0.30	%		2.00	%		20.04	%		22.10	%
American Funds IS Managed Risk Asset Allocation Class P1
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
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	%
2019		11.76		14.15		10,804,760		144,266,036		2.29	%		0.30	%		2.00	%		15.65	%		17.63	%
American Funds IS New World Fund Class 1
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
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	%
2019		11.97		14.31		4,568,328		57,614,643		0.79	%		0.30	%		2.00	%		26.27	%		28.43	%
American Funds IS The Bond Fund of America Class 1
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
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	%
2019		10.48		11.20		6,600,411		71,857,165		2.80	%		0.30	%		2.00	%		6.92	%		8.75	%

See Notes to Financial Statements

SA-93

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

American Funds IS U.S. Government Securities Class 1
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
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	%
2019		10.01		11.05		4,886,622		51,395,885		1.99	%		0.30	%		2.00	%		3.06	%		4.83	%
American Funds IS Washington Mutual Investors Class 1
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
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	%
2019		11.88		14.67		8,965,013		126,418,067		2.08	%		0.30	%		2.00	%		18.64	%		20.67	%
BlackRock 60/40 Target Allocation ETF V.I. Class I
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	%
2019		12.26		13.45		4,721,834		60,649,968		3.32	%		0.30	%		1.85	%		19.18	%		21.04	%
BlackRock Capital Appreciation V.I. Class III
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	%
2019		24.32		32.85		1,292,645		37,523,740		0.00	%		0.75	%		1.50	%		29.59	%		30.57	%
BlackRock Equity Dividend V.I. Class I
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
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
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	%
2019		11.36		15.88		111,381,280		1,537,219,217		1.20	%		0.30	%		2.00	%		15.42	%		17.40	%
BlackRock High Yield V.I. Class I
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
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
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
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	)%

See Notes to Financial Statements

SA-94

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Delaware Ivy VIP Asset Strategy Class II
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	%
2019		10.63		13.66		1,352,169		15,018,915		2.08	%		0.30	%		2.00	%		19.37	%		21.41	%
Delaware Ivy VIP Energy Class II
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	)%
2019		5.13		5.78		2,985,245		15,845,384		0.00	%		0.30	%		2.00	%		1.43	%		3.17	%
DFA VA Equity Allocation Institutional Class
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
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
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
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
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
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
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
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
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
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
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	%
2019		13.32		22.33		11,865,835		239,600,500		0.22	%		0.30	%		2.00	%		28.68	%		30.88	%
Fidelity VIP Emerging Markets Initial Class
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	)%

See Notes to Financial Statements

SA-95

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Fidelity VIP Energy Initial Class
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
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
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	(7)		1.00	%		1.00	%		(1.80	)%		(1.80	)%
Fidelity VIP FundsManager 60% Service Class 2
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	%
2019		12.07		17.16		20,252,337		309,354,003		1.40	%		0.30	%		2.00	%		17.87	%		19.89	%
Fidelity VIP Government Money Market Initial Class
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), (6)
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
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	)%
2019		9.30		10.32		32,145,243		312,107,403		1.88	%		0.30	%		2.00	%		(0.10	)%		1.61	%
Fidelity VIP Growth Opportunities Initial Class
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
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
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
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	%
2019		10.89		12.34		6,770,188		79,193,872		3.51	%		0.30	%		2.00	%		8.46	%		10.32	%
Fidelity VIP Value Strategies Initial Class
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	%
First Trust Dorsey Wright Tactical Core Class I
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	%
2019		11.99		13.19		2,969,833		37,027,305		0.63	%		0.30	%		2.00	%		18.59	%		20.63	%

See Notes to Financial Statements

SA-96

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

First Trust Multi Income Allocation Class I
2023	$	10.85	$	14.60		1,428,158	$	18,582,292		3.41	%		0.30	%		1.85	%		6.95	%		8.62	%
2022		10.12		13.46		1,434,676		17,794,708		2.84	%		0.30	%		1.85	%		(9.21	)%		(7.80	)%
2021		10.49		14.61		1,563,332		21,222,052		2.34	%		0.30	%		1.85	%		10.62	%		12.35	%
2020		11.05		13.02		1,416,254		17,366,681		2.22	%		0.30	%		1.85	%		0.61	%		2.18	%
2019		10.97		12.75		1,339,559		16,214,326		2.48	%		0.30	%		1.85	%		14.25	%		16.03	%
First Trust/Dow Jones Dividend & Income Allocation Class I
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	%
2019		12.09		18.30		39,723,807		647,137,550		1.59	%		0.30	%		2.00	%		18.38	%		20.41	%
Franklin Allocation VIP Class 2
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	%
2019		16.10		18.75		1,342,099		23,727,646		3.55	%		0.75	%		1.50	%		18.07	%		18.96	%
Franklin Allocation VIP Class 4
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	%
2019		12.22		17.33		18,217,777		266,689,325		3.32	%		0.30	%		2.00	%		17.19	%		19.20	%
Franklin Income VIP Class 1
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
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	%
2019		11.44		12.40		4,714,785		55,900,700		5.31	%		0.30	%		2.00	%		13.76	%		15.71	%
Franklin Mutual Global Discovery VIP Class 2
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	)%
2019		12.16		20.35		12,150,356		206,820,911		1.61	%		0.30	%		2.00	%		21.91	%		24.00	%
Franklin Mutual Shares VIP Class 1
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
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
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	%
2019		13.58		22.19		10,256,753		203,835,964		1.23	%		0.30	%		2.00	%		26.67	%		28.84	%
Franklin Small Cap Value VIP Class 1
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	)%
Franklin Small-Mid Cap Growth VIP Class 1
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	)%

See Notes to Financial Statements

SA-97

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Franklin Strategic Income VIP Class 1
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
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
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
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	)%
2019		9.28		12.67		9,186,153		91,721,794		7.09	%		0.30	%		2.00	%		(0.01	)%		1.71	%
Goldman Sachs VIT Large Cap Value Institutional Shares
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
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
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
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
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
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	%
2019		13.30		18.92		185,974,655		3,171,059,795		1.71	%		0.30	%		2.00	%		19.85	%		21.91	%
Janus Henderson Enterprise Institutional Shares
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	%
Janus Henderson Flexible Bond Service Shares
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	%
2019		10.35		11.33		2,797,058		30,110,415		2.86	%		0.30	%		2.00	%		7.11	%		8.95	%
LVIP JPMorgan Core Bond Class 1
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	%
2019		15.24		15.72		11,823		185,713		2.50	%		1.40	%		1.60	%		6.46	%		6.67	%
LVIP JPMorgan Mid Cap Value Class 1
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	)%
2019		30.32		31.28		3,229		100,340		1.61	%		1.40	%		1.60	%		24.75	%		25.00	%

See Notes to Financial Statements

SA-98

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

LVIP JPMorgan U.S. Equity Class 1
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	%
2019		34.10		34.10		584		19,926		0.85	%		1.40	%		1.40	%		29.92	%		29.92	%
ClearBridge Variable Aggressive Growth - Class II
2023	$	11.80	$	15.41		1,075,266	$	14,927,436		0.07	%		0.30	%		1.95	%		21.74	%		23.76	%
2022		9.65		12.45		969,943		11,230,322		0.00	%		0.30	%		1.95	%		(28.00	)%		(26.81	)%
2021		14.93		17.01		923,502		14,749,250		0.16	%		0.30	%		2.00	%		7.92	%		9.71	%
2020		13.74		15.50		980,629		14,337,024		0.66	%		0.30	%		2.00	%		15.40	%		17.38	%
2019		11.82		13.21		877,736		11,023,937		0.85	%		0.30	%		2.00	%		22.34	%		24.37	%
Western Asset Core Plus VIT Class I
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
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	%
2019		11.11		14.34		9,128,556		121,162,936		4.31	%		0.30	%		2.00	%		11.11	%		13.01	%
Lord Abbett Total Return Class VC
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	%
2019		10.57		13.61		24,454,607		295,798,025		2.64	%		0.30	%		2.00	%		6.26	%		8.08	%
MFS International Growth - Initial Class
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
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	%
2019		17.43		18.07		4,417,128		79,615,791		0.34	%		0.75	%		1.50	%		37.51	%		38.54	%
MFS New Discovery Series - Initial Class
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
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	%
2019		11.77		18.21		26,668,585		428,357,165		2.13	%		0.30	%		2.00	%		17.74	%		19.76	%
MFS Utilities Series - Initial Class
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
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	%
2019		14.41		17.65		3,834,815		59,832,797		3.85	%		0.30	%		2.00	%		22.33	%		24.43	%
MFS Value Series - Initial Class
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	%

See Notes to Financial Statements

SA-99

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

MFS Value Series - Service Class
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	%
2019		22.90		28.65		3,365,420		84,221,535		1.89	%		0.75	%		1.50	%		27.58	%		28.54	%
Neuberger Berman U.S. Equity Index PutWrite Strategy Class S
2023	$	10.45	$	14.65		392,050	$	5,026,740		0.00	%		0.30	%		1.80	%		12.96	%		14.66	%
2022		9.94		12.78		329,190		3,807,658		0.00	%		0.30	%		1.80	%		(12.86	)%		(11.54	)%
2021		12.75		14.44		240,676		3,225,085		0.34	%		0.30	%		1.80	%		15.84	%		17.59	%
2020		11.01		12.28		144,364		1,648,886		0.89	%		0.30	%		1.80	%		6.33	%		7.93	%
2019		10.36		11.38		137,355		1,452,167		0.17	%		0.30	%		1.80	%		13.20	%		14.91	%
TOPS Aggressive Growth ETF Class 1
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
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
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	)%
TOPS Growth ETF Class 1
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 (6)
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
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 Moderate Growth ETF Class 1
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 All Asset - Advisor Class
2023	$	10.66	$	13.49		307,299	$	3,973,784		2.77	%		0.30	%		1.85	%		6.04	%		7.69	%
2022		10.01		12.53		365,550		4,468,823		7.53	%		0.30	%		1.85	%		(13.48	)%		(12.13	)%
2021		13.89		14.26		384,604		5,400,952		10.31	%		0.30	%		1.85	%		13.92	%		15.58	%
05/28/2020 - 12/31/2020		12.19		12.31		202,159		2,474,456		4.23	%		0.40	%		1.85	%		17.17	%		17.31	%
PIMCO CommodityRealReturn Strategy - Advisor Class
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	%
2019		5.01		9.73		1,378,881		7,605,029		4.35	%		0.30	%		2.00	%		9.15	%		11.02	%
PIMCO Emerging Markets Bond - Institutional Class
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
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
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
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	)%

See Notes to Financial Statements

SA-100

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

PIMCO Total Return - Institutional Class
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	%
PSF Mid-Cap Growth Class II
2023	$	50.45	$	54.55		482	$	24,699		0.00	%		1.40	%		1.75	%		20.92	%		21.34	%
2022		41.72		44.95		502		21,308		0.00	%		1.40	%		1.75	%		(28.50	)%		(28.25	)%
2021		58.35		62.66		491		29,170		0.00	%		1.40	%		1.75	%		8.32	%		8.70	%
2020		53.87		57.64		478		26,210		0.00	%		1.40	%		1.75	%		44.35	%		44.86	%
2019		37.32		39.79		2,188		81,961		0.00	%		1.40	%		1.75	%		34.78	%		35.25	%
PSF PGIM Jennison Growth Class Growth II
2023	$	55.22	$	57.74		1,955	$	111,091		0.00	%		1.40	%		1.60	%		50.48	%		50.78	%
2022		36.69		38.29		1,989		75,059		0.00	%		1.40	%		1.60	%		(38.84	)%		(38.71	)%
2021		59.99		62.48		1,991		122,631		0.00	%		1.40	%		1.60	%		13.72	%		13.95	%
2020		52.76		54.83		2,253		122,083		0.00	%		1.40	%		1.60	%		53.10	%		53.41	%
2019		34.46		35.74		2,267		80,093		0.00	%		1.40	%		1.60	%		30.71	%		30.98	%
PSF PGIM Jennison Value Class II
2023	$	30.47	$	32.94		2,994	$	96,211		0.00	%		1.40	%		1.75	%		12.76	%		13.15	%
2022		27.02		29.11		3,132		89,023		0.00	%		1.40	%		1.75	%		(9.84	)%		(9.53	)%
2021		29.97		32.18		3,274		102,897		0.00	%		1.40	%		1.75	%		25.08	%		25.51	%
2020		23.96		25.64		3,391		84,936		0.00	%		1.40	%		1.75	%		1.36	%		1.71	%
2019		23.64		25.21		3,503		86,339		0.00	%		1.40	%		1.75	%		23.40	%		23.83	%
Schwab Government Money Market (5), (6)
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 Fund
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	%
Schwab VIT Balanced
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	%
2019		11.89		13.57		4,795,185		64,871,472		1.74	%		0.60	%		1.00	%		13.11	%		13.56	%
Schwab VIT Balanced with Growth
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	%
2019		12.61		15.05		9,832,786		145,983,472		1.86	%		0.60	%		1.00	%		16.87	%		17.34	%
Schwab VIT Growth
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	%
2019		13.26		16.66		9,197,186		152,169,454		1.76	%		0.60	%		1.00	%		19.64	%		20.12	%
State Street Total Return V.I.S. Class 3
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	%
2019		11.44		22.63		23,459,047		406,020,577		2.02	%		0.30	%		2.00	%		13.28	%		15.22	%
T. Rowe Price Blue Chip Growth - I
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	%

See Notes to Financial Statements

SA-101

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

T. Rowe Price Equity Income - I
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
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
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	%
2019		5.63		7.54		2,395,794		14,683,220		0.00	%		0.30	%		2.00	%		9.34	%		11.21	%
Vanguard VIF Balanced
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
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
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	%
Vanguard VIF Diversified Value
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
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
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
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
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
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
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
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
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	%

See Notes to Financial Statements

SA-102

See explanation of references on page SA-103

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	At the End of Each Year or Period								Investment
Variable Accounts	AUV (1)				Units		Net		Income			Expense Ratios (3)						Total Returns (4)
For Each Year or Period	Lowest		Highest		Outstanding		Assets		Ratios (2)			Lowest			Highest			Lowest			Highest

Vanguard VIF Real Estate Index
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
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
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	%
Vanguard VIF Total International Stock Market Index
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
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)	All units were fully redeemed or transferred prior to December 31, 2023. The AUV is as of the period ended as indicated.

(6)	Operations commenced or resumed during 2023 (See Note 1 in Notes to Financial Statements).

(7)	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.

See Notes to Financial Statements

SA-103

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS

1.	ORGANIZATION

The Separate Account A (the “Separate Account”) of Pacific Life Insurance Company (“Pacific Life”) is registered as a unit investment trust under the Investment Company Act of 1940, as amended. The Separate Account consists of subaccounts (each, a “Variable Account” and collectively, the “Variable Accounts”) which invest in shares of corresponding portfolios (each, a “Portfolio” and collectively, the “Portfolios”) of registered investment management companies (each, a “Fund” and collectively, the “Funds”). As of December 31, 2023, the Fund investment options are Pacific Select Fund (See Note 4), AIM Variable Insurance Funds (Invesco Variable Insurance Funds), American Century Variable Portfolios, Inc., American Funds Insurance Series®, BlackRock Variable Series Funds, Inc., 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 Equity Trust, Lincoln Variable Insurance Products, 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, Prudential Series Fund, 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, 2023 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 as a result of a reorganization of the corresponding portfolios on May 1, 2023:

Current Variable Account Names		Former Variable Account Names
LVIP JPMorgan Core Bond Class 1		JPMorgan Insurance Trust Core Bond Class 1
LVIP JPMorgan Mid-Cap Value Class 1		JPMorgan Insurance Trust Mid Cap Value Class 1
LVIP JPMorgan U.S. Equity Class 1		JPMorgan Insurance Trust U.S. Equity Class 1

The following Variable Accounts commenced or resumed operations during 2023:

	Commenced		Commenced
	or Resumed		or Resumed
Variable Accounts	Operations on	Variable Accounts	Operations on
Invesco V.I. EVQ International Equity Series I	May 26, 2023	Fidelity VIP Government Money Market Investor Class	August 17, 2023
Invesco V.I. Nasdaq 100 Buffer - June Series I	May 18, 2023	TOPS Managed Risk Balanced ETF Class 1	June 20, 2023
Invesco V.I. S&P 500 Buffer - December Series I	May 24, 2023	Schwab Government Money Market	January 6, 2023
Invesco V.I. S&P 500 Buffer - June Series I	April 27, 2023

The units in the following Variable Accounts were fully redeemed or transferred prior to December 31, 2023:

Variable Accounts		Variable Accounts
ESG Diversified Class P		Schwab Government Money Market
Fidelity VIP Government Money Market Investor Class

On March 13, 2023, the PSF International Growth Class II Variable Account was liquidated. Any units that remained in this Variable Account after the close of business on the liquidation date were transferred to the Fidelity VIP Government Money Market Service Class Variable Account. Such transfers were based on the Variable Account’s accumulation unit values and the relative net asset values of the respective Portfolio as of the close of the business of the liquidation date. Because this Variable Account was liquidated prior to December 31, 2023, no other information for this Variable Account is included in this annual report.

On April 25, 2023, the JPMorgan Insurance Trust Global Allocation Class 2 and the JPMorgan Trust Income Builder Class 2 Variable Accounts were liquidated. Any units that remained in these Variable Accounts after the close of business on the liquidation dates were transferred to the Fidelity VIP Government Money Market Service Class Variable Account. Such transfers were based on the Variable Accounts’ accumulation unit values and the relative net asset values of the respective Portfolios as of the close of the business of the liquidation dates. Because these Variable Accounts were liquidated prior to December 31, 2023, no other information for these Variable Accounts is 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-104

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.

3.	DIVIDENDS AND DISTRIBUTIONS FROM MUTUAL FUND INVESTMENTS

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

Each of the Portfolios in the Pacific Select Fund is treated as a partnership for federal income tax purposes only (the “Partnership Portfolios”). The Partnership Portfolios are not required to distribute taxable income and capital gains for federal income tax purposes. Therefore, no dividend or capital gain distributions were received from any Portfolios in the Pacific Select Fund nor were they recorded by the applicable Variable Accounts in the Statements of Operations for the year ended December 31, 2023.

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 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.

SA-105

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	Death Benefit Options
			With Return of Investment
Pacific Advisory Contracts	Standard Death Benefit		(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	%

			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	%

SA-106

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	Death Benefit Options
			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	%

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	%

SA-107

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	Death Benefit Options
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	%

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	%

SA-108

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

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, 2023, 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, 2023, 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.

7.	CHANGES IN UNITS OUTSTANDING

The changes in units outstanding for the year or period ended December 31, 2023 and 2022 were as follows:

	2023								2022
	Units		Units			Net Increase			Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)			Issued		Redeemed			(Decrease)
Core Income Class I		1,903,266		(1,565,408	)		337,858			828,561		(683,144	)		145,417
Diversified Bond Class I		4,044,851		(5,227,632	)		(1,182,781	)		2,747,848		(3,915,125	)		(1,167,277	)
Floating Rate Income Class I		4,896,787		(5,448,679	)		(551,892	)		6,875,211		(5,541,718	)		1,333,493
Floating Rate Income Class P		105,093		(16,994	)		88,099			70,741		(43,205	)		27,536
High Yield Bond Class I		3,455,458		(3,386,008	)		69,450			1,592,251		(3,069,286	)		(1,477,035	)
Inflation Managed Class I		2,541,594		(3,810,465	)		(1,268,871	)		2,662,488		(3,412,674	)		(750,186	)
Intermediate Bond Class I		2,202,139		(758,133	)		1,444,006			902,179		(83,988	)		818,191
Managed Bond Class I		3,891,190		(4,930,364	)		(1,039,174	)		3,521,389		(6,043,795	)		(2,522,406	)
Short Duration Bond Class I		7,494,911		(10,260,209	)		(2,765,298	)		6,474,301		(10,177,663	)		(3,703,362	)
Emerging Markets Debt Class I		275,144		(431,400	)		(156,256	)		161,881		(464,689	)		(302,808	)
Dividend Growth Class I		10,446,446		(9,096,357	)		1,350,089			3,113,931		(3,008,563	)		105,368

SA-109

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	2023								2022
	Units		Units			Net Increase			Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)			Issued		Redeemed			(Decrease)
Equity Index Class I		33,102,045		(28,856,061	)		4,245,984			10,801,175		(9,442,341	)		1,358,834
Focused Growth Class I		4,568,638		(3,622,811	)		945,827			1,258,104		(1,226,601	)		31,503
Growth Class I		5,467,004		(4,408,377	)		1,058,627			2,185,837		(2,190,601	)		(4,764	)
Hedged Equity Class I		14,338,585		(6,334,922	)		8,003,663			11,501,885		(2,257,463	)		9,244,422
Hedged Equity Class P		105,171		(26,366	)		78,805			154,748		(3,495	)		151,253
Large-Cap Core Class I		3,048,478		(2,768,878	)		279,600			726,043		(1,230,833	)		(504,790	)
Large-Cap Growth Class I		3,367,967		(3,658,689	)		(290,722	)		1,440,436		(1,662,351	)		(221,915	)
Large-Cap Value Class I		4,011,815		(4,452,145	)		(440,330	)		2,581,243		(2,034,484	)		546,759
Mid-Cap Equity Class I		2,813,057		(3,097,203	)		(284,146	)		1,294,692		(1,188,134	)		106,558
Mid-Cap Growth Class I		4,009,916		(3,430,014	)		579,902			1,793,910		(1,864,694	)		(70,784	)
Mid-Cap Value Class I		2,788,475		(2,441,494	)		346,981			1,132,067		(1,374,531	)		(242,464	)
Small-Cap Equity Class I		1,339,593		(1,225,569	)		114,024			550,984		(739,192	)		(188,208	)
Small-Cap Growth Class I		1,513,840		(1,511,830	)		2,010			1,350,778		(1,005,183	)		345,595
Small-Cap Index Class I		5,255,707		(4,659,961	)		595,746			2,208,799		(2,392,324	)		(183,525	)
Small-Cap Value Class I		1,913,818		(1,900,727	)		13,091			888,829		(1,192,201	)		(303,372	)
Value Class I		1,471,413		(2,410,547	)		(939,134	)		1,615,640		(1,719,519	)		(103,879	)
Value Advantage Class I		1,743,882		(2,247,044	)		(503,162	)		1,890,379		(1,031,593	)		858,786
Emerging Markets Class I		3,157,235		(3,220,180	)		(62,945	)		2,119,420		(1,559,687	)		559,733
International Growth Class I		525,482		(346,413	)		179,069			202,865		(43,359	)		159,506
International Large-Cap Class I		2,586,575		(3,751,120	)		(1,164,545	)		1,591,388		(1,969,909	)		(378,521	)
International Small-Cap Class I		341,526		(543,292	)		(201,766	)		269,843		(382,091	)		(112,248	)
International Value Class I		1,928,930		(2,563,620	)		(634,690	)		1,485,792		(1,889,632	)		(403,840	)
Health Sciences Class I		3,209,677		(3,067,388	)		142,289			1,154,743		(1,544,465	)		(389,722	)
Real Estate Class I		905,481		(1,105,649	)		(200,168	)		670,682		(1,181,877	)		(511,195	)
Technology Class I		4,595,677		(4,049,538	)		546,139			2,150,460		(2,032,774	)		117,686
ESG Diversified Class I		1,360,416		(232,712	)		1,127,704			582,984		(63,162	)		519,822
ESG Diversified Class P		-		(52,658	)		(52,658	)		52,676		(18	)		52,658
ESG Diversified Growth Class I		211,248		(162,121	)		49,127			147,914		(72,610	)		75,304
ESG Diversified Growth Class P		2,516		(24	)		2,492			2,204		(3	)		2,201
PSF Avantis Balanced Allocation Class D		2,691,380		(4,795,051	)		(2,103,671	)		3,627,084		(3,987,236	)		(360,152	)
PSF Avantis Balanced Allocation Class P		16,499		(28,613	)		(12,114	)		60,382		(14,811	)		45,571
Pacific Dynamix - Conservative Growth Class I		2,966,618		(6,665,575	)		(3,698,957	)		3,208,239		(5,380,022	)		(2,171,783	)
Pacific Dynamix - Conservative Growth Class P		620		(33,551	)		(32,931	)		176,125		(2,140	)		173,985
Pacific Dynamix - Moderate Growth Class I		20,206,659		(26,631,478	)		(6,424,819	)		15,239,330		(18,464,228	)		(3,224,898	)
Pacific Dynamix - Moderate Growth Class P		55,885		(32,801	)		23,084			44,743		(1,060	)		43,683
Pacific Dynamix - Growth Class I		11,032,356		(13,694,590	)		(2,662,234	)		17,689,163		(8,497,490	)		9,191,673
Pacific Dynamix - Growth Class P		322,487		(55,378	)		267,109			75,123		(6,536	)		68,587
Portfolio Optimization Conservative Class I		7,240,865		(20,512,837	)		(13,271,972	)		16,443,449		(25,264,754	)		(8,821,305	)
Portfolio Optimization Moderate-Conservative Class I		3,742,882		(18,790,781	)		(15,047,899	)		4,901,403		(20,223,871	)		(15,322,468	)
Portfolio Optimization Moderate Class I		11,478,641		(62,957,285	)		(51,478,644	)		10,414,921		(63,079,733	)		(52,664,812	)
Portfolio Optimization Growth Class I		5,875,158		(43,679,202	)		(37,804,044	)		6,480,726		(43,519,152	)		(37,038,426	)
Portfolio Optimization Aggressive-Growth Class I		1,788,174		(8,998,779	)		(7,210,605	)		1,715,460		(8,582,733	)		(6,867,273	)
Invesco Oppenheimer V.I. International Growth Series I		-		-			-			-		(10	)		(10	)
Invesco Oppenheimer V.I. International Growth Series II		857,862		(865,392	)		(7,530	)		303,217		(284,277	)		18,940
Invesco V.I. American Value Series I		460		(57	)		403			3,726		(44	)		3,682
Invesco V.I. Balanced-Risk Allocation Series I		2,238		(4,261	)		(2,023	)		11,188		(78	)		11,110
Invesco V.I. Balanced-Risk Allocation Series II		2,798,022		(5,644,268	)		(2,846,246	)		6,267,324		(3,734,424	)		2,532,900
Invesco V.I. Discovery Mid Cap Growth Series I		6,754		(5,885	)		869			9,191		(427	)		8,764
Invesco V.I. Equity and Income Series II		923,210		(1,105,100	)		(181,890	)		621,242		(690,971	)		(69,729	)
Invesco V.I. EQV International Equity Series I		1,133		(4	)		1,129			9,082		(9,082	)		-
Invesco V.I. Global Real Estate Series II		442,020		(421,291	)		20,729			264,633		(228,918	)		35,715
Invesco V.I. Global Series II		681,661		(629,614	)		52,047			213,284		(259,364	)		(46,080	)
Invesco V.I. Main Street Small Cap Fund Series I		53,825		(89,171	)		(35,346	)		77,011		(716	)		76,295
Invesco V.I. Nasdaq 100 Buffer - September Series I		-		(8,158	)		(8,158	)		9,806		(152	)		9,654
Invesco V.I. Nasdaq 100 Buffer - September Series II		552,076		(328,113	)		223,963			335,212		(126,419	)		208,793
Invesco V.I. Nasdaq 100 Buffer - December Series I		6,149		(16	)		6,133			1,557		-			1,557

SA-110

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	2023								2022
	Units		Units			Net Increase			Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)			Issued		Redeemed			(Decrease)
Invesco V.I. Nasdaq 100 Buffer - December Series II		468,881		(277,048	)		191,833			400,694		(53,196	)		347,498
Invesco V.I. Nasdaq 100 Buffer - March Series I		2,227		(13	)		2,214			1,515		(2	)		1,513
Invesco V.I. Nasdaq 100 Buffer - March Series II		683,498		(206,638	)		476,860			150,369		(8,427	)		141,942
Invesco V.I. Nasdaq 100 Buffer - June Series I		19,313		(132	)		19,181
Invesco V.I. Nasdaq 100 Buffer - June Series II		455,218		(365,486	)		89,732			331,919		(14,938	)		316,981
Invesco V.I. S&P 500 Buffer - September Series I		8,543		(12,352	)		(3,809	)		40,815		(1,819	)		38,996
Invesco V.I. S&P 500 Buffer - September Series II		3,100,083		(1,640,778	)		1,459,305			1,792,094		(874,639	)		917,455
Invesco V.I. S&P 500 Buffer - December Series I		33,162		(14	)		33,148
Invesco V.I. S&P 500 Buffer - December Series II		1,510,623		(781,610	)		729,013			1,029,758		(89,873	)		939,885
Invesco V.I. S&P 500 Buffer - March Series II		1,729,209		(1,360,361	)		368,848			1,064,211		(49,417	)		1,014,794
Invesco V.I. S&P 500 Buffer - June Series I		170,894		(46,659	)		124,235
Invesco V.I. S&P 500 Buffer - June Series II		2,979,257		(1,643,062	)		1,336,195			850,879		(26,517	)		824,362
Invesco V.I. Technology Series I		49,824		(28,086	)		21,738			88,686		(18,830	)		69,856
American Century VP Mid Cap Value Class I		52,982		(6,132	)		46,850			15,101		(25	)		15,076
American Century VP Mid Cap Value Class II		2,589,230		(2,739,429	)		(150,199	)		1,451,942		(1,325,846	)		126,096
American Funds IS American High-Income Trust Class 4		1,900,731		(1,619,121	)		281,610			1,291,920		(1,254,301	)		37,619
American Funds IS Asset Allocation Class 1		375,382		(37,229	)		338,153			177,077		(36,635	)		140,442
American Funds IS Asset Allocation Class 4		31,710,065		(44,454,331	)		(12,744,266	)		23,272,112		(31,044,464	)		(7,772,352	)
American Funds IS Capital Income Builder Class 1		12,374		(2,413	)		9,961			33,692		(4,099	)		29,593
American Funds IS Capital Income Builder Class 4		2,636,581		(2,600,312	)		36,269			1,363,353		(1,388,211	)		(24,858	)
American Funds IS Capital World Bond Class 1		15,958		(9,305	)		6,653			19,838		(1,371	)		18,467
American Funds IS Capital World Bond Class 4		674,899		(581,134	)		93,765			437,803		(388,460	)		49,343
American Funds IS Capital World Growth and Income Class 1		41,810		(3,260	)		38,550			10,356		(66	)		10,290
American Funds IS Capital World Growth and Income Class 4		1,613,746		(1,411,246	)		202,500			661,516		(686,291	)		(24,775	)
American Funds IS Global Balanced Class 4		1,058,930		(1,132,207	)		(73,277	)		475,238		(919,058	)		(443,820	)
American Funds IS Global Growth Class 1		177,240		(12,916	)		164,324			21,581		(771	)		20,810
American Funds IS Global Growth Class 4		2,854,030		(2,773,090	)		80,940			1,472,632		(1,317,854	)		154,778
American Funds IS Global Small Capitalization Class 4		974,880		(964,495	)		10,385			674,375		(343,536	)		330,839
American Funds IS Growth Class 1		319,149		(147,193	)		171,956			229,108		(19,631	)		209,477
American Funds IS Growth Class 4		18,162,674		(14,550,169	)		3,612,505			5,893,042		(5,481,783	)		411,259
American Funds IS Growth-Income Class 1		135,187		(58,086	)		77,101			138,724		(7,297	)		131,427
American Funds IS Growth-Income Class 4		8,435,870		(8,124,049	)		311,821			3,240,727		(4,006,893	)		(766,166	)
American Funds IS International Class 1		19,391		(3,943	)		15,448			43,842		(237	)		43,605
American Funds IS International Class 4		1,560,033		(2,085,316	)		(525,283	)		1,078,210		(1,050,329	)		27,881
American Funds IS International Growth and Income Class 1		6,158		(9,551	)		(3,393	)		25,743		(412	)		25,331
American Funds IS International Growth and Income Class 4		1,567,872		(1,878,307	)		(310,435	)		933,730		(915,233	)		18,497
American Funds IS Managed Risk Asset Allocation Class P1		217,192		(2,344	)		214,848			31,573		(915	)		30,658
American Funds IS Managed Risk Asset Allocation Class P2		2,533,915		(2,697,662	)		(163,747	)		2,649,521		(2,146,970	)		502,551
American Funds IS New World Fund Class 1		114,274		(31,263	)		83,011			89,676		(12,646	)		77,030
American Funds IS New World Fund Class 4		1,559,204		(1,630,544	)		(71,340	)		962,696		(858,615	)		104,081
American Funds IS The Bond Fund of America Class 1		329,671		(235,895	)		93,776			364,013		(27,137	)		336,876
American Funds IS The Bond Fund of America Class 4		6,526,617		(4,576,417	)		1,950,200			2,538,464		(2,411,825	)		126,639
American Funds IS U.S. Government Securities Class 1		186,594		(34,262	)		152,332			99,479		(17,029	)		82,450
American Funds IS U.S. Government Securities Class 4		3,167,552		(3,643,183	)		(475,631	)		2,358,978		(3,292,487	)		(933,509	)
American Funds IS Washington Mutual Investors Class 1		116,134		(4,756	)		111,378			63,762		(10,385	)		53,377
American Funds IS Washington Mutual Investors Class 4		5,804,885		(5,216,338	)		588,547			3,157,042		(2,359,613	)		797,429
BlackRock 60/40 Target Allocation ETF V.I. Class I		9,152,039		(7,533,260	)		1,618,779			4,931,375		(2,276,313	)		2,655,062
BlackRock Capital Appreciation V.I. Class III		53,831		(255,684	)		(201,853	)		243,656		(107,864	)		135,792
BlackRock Equity Dividend V.I. Class I		26,090		(13,350	)		12,740			70,080		(31,598	)		38,482
BlackRock Global Allocation V.I. Class I		34,709		(39,181	)		(4,472	)		122,716		(1,486	)		121,230
BlackRock Global Allocation V.I. Class III		5,803,500		(14,420,009	)		(8,616,509	)		5,740,175		(13,621,894	)		(7,881,719	)
BlackRock High Yield V.I. Class I		71,138		(8,098	)		63,040			74,794		(25,120	)		49,674
BlackRock S&P 500 Index V.I. Class I		127,088		(56,011	)		71,077			109,955		(35,241	)		74,714
BlackRock Small Cap Index V.I. Class I		180,426		(56,792	)		123,634			423,798		(15,460	)		408,338
BlackRock Total Return V.I. Class I		129,065		(17,422	)		111,643			122,838		(385	)		122,453
Delaware Ivy VIP Asset Strategy Class II		2,002,944		(1,154,755	)		848,189			709,031		(413,336	)		295,695

SA-111

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	2023								2022
	Units		Units			Net Increase			Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)			Issued		Redeemed			(Decrease)
Delaware Ivy VIP Energy Class II		3,519,968		(5,980,099	)		(2,460,131	)		10,316,969		(9,346,357	)		970,612
DFA VA Equity Allocation Institutional Class		10,229		(1,723	)		8,506			4,744		(1,582	)		3,162
DFA VA Global Bond Institutional Class		17,627		(1,490	)		16,137			23,410		(13,184	)		10,226
DFA VA Global Moderate Allocation Institutional Class		94,731		(1,251	)		93,480			22,884		(1,121	)		21,763
DFA VA International Small Institutional Class		35,597		(7,380	)		28,217			22,047		(1,257	)		20,790
DFA VA International Value Institutional Class		60,770		(24,324	)		36,446			67,651		(8,324	)		59,327
DFA VA Short-Term Fixed Institutional Class		223,455		(86,935	)		136,520			243,109		(39,685	)		203,424
DFA VA US Large Value Institutional Class		180,713		(39,202	)		141,511			234,658		(17,517	)		217,141
DFA VA US Targeted Value Institutional Class		95,609		(13,567	)		82,042			49,986		(12,576	)		37,410
Fidelity VIP Consumer Discretionary Initial Class		486		(2	)		484			520		-			520
Fidelity VIP Contrafund Initial Class		211,018		(7,576	)		203,442			33,927		(2,792	)		31,135
Fidelity VIP Contrafund Service Class 2		7,502,144		(6,542,940	)		959,204			2,721,212		(2,522,577	)		198,635
Fidelity VIP Emerging Markets Initial Class		93,147		(6,552	)		86,595			78,152		(10,751	)		67,401
Fidelity VIP Energy Initial Class		51,967		(16,481	)		35,486			38,843		(11,286	)		27,557
Fidelity VIP Extended Market Index Initial Class		163,018		(14,433	)		148,585			103,666		(14,558	)		89,108
Fidelity VIP FundsManager 60% Investor Class		19,876,784		(401,189	)		19,475,595			552,309		(13,624	)		538,685
Fidelity VIP FundsManager 60% Service Class 2		6,061,296		(5,359,181	)		702,115			4,433,125		(2,957,772	)		1,475,353
Fidelity VIP Government Money Market Initial Class		2,854,245		(2,574,541	)		279,704			3,402,086		(1,867,858	)		1,534,228
Fidelity VIP Government Money Market Investor Class		79,028		(79,028	)		-
Fidelity VIP Government Money Market Service Class		48,028,405		(50,061,416	)		(2,033,011	)		58,394,604		(46,695,445	)		11,699,159
Fidelity VIP Growth Opportunities Initial Class		49,804		(23,973	)		25,831			54,956		(2,033	)		52,923
Fidelity VIP Index 500 Initial Class		253,543		(69,682	)		183,861			318,445		(25,276	)		293,169
Fidelity VIP Investment Grade Bond Initial Class		287,883		(17,027	)		270,856			138,828		(683	)		138,145
Fidelity VIP Strategic Income Service Class 2		3,075,472		(2,993,862	)		81,610			1,400,871		(1,926,778	)		(525,907	)
Fidelity VIP Value Strategies Initial Class		58,903		(12,258	)		46,645			42,459		(1,764	)		40,695
First Trust Dorsey Wright Tactical Core Class I		1,189,446		(1,136,158	)		53,288			411,952		(980,598	)		(568,646	)
First Trust Multi Income Allocation Class I		865,257		(871,775	)		(6,518	)		308,010		(436,666	)		(128,656	)
First Trust/Dow Jones Dividend & Income Allocation Class I		8,034,012		(9,394,711	)		(1,360,699	)		5,522,994		(5,290,291	)		232,703
Franklin Allocation VIP Class 2		71,986		(119,229	)		(47,243	)		37,258		(124,173	)		(86,915	)
Franklin Allocation VIP Class 4		2,207,146		(2,523,373	)		(316,227	)		1,684,251		(2,014,069	)		(329,818	)
Franklin Income VIP Class 1		10,782		(425	)		10,357			23,567		(1,031	)		22,536
Franklin Income VIP Class 2		1,874,704		(2,219,902	)		(345,198	)		1,739,346		(1,062,015	)		677,331
Franklin Mutual Global Discovery VIP Class 2		632,370		(1,856,274	)		(1,223,904	)		621,614		(1,920,305	)		(1,298,691	)
Franklin Mutual Shares VIP Class 1		8,190		(78	)		8,112			5,246		(127	)		5,119
Franklin Rising Dividends VIP Class 1		113,119		(58,843	)		54,276			92,975		(23,628	)		69,347
Franklin Rising Dividends VIP Class 2		4,425,020		(4,152,423	)		272,597			1,657,619		(1,970,230	)		(312,611	)
Franklin Small Cap Value VIP Class 1		12,724		(1,555	)		11,169			13,174		(46	)		13,128
Franklin Small-Mid Cap Growth VIP Class 1		74,678		(18,890	)		55,788			47,680		(260	)		47,420
Franklin Strategic Income VIP Class 1		150,429		(96,979	)		53,450			30,404		(23	)		30,381
Templeton Foreign VIP Class 1		10,871		(698	)		10,173			-		(95	)		(95	)
Templeton Global Bond VIP Class 1		31,875		(2,630	)		29,245			6,312		(615	)		5,697
Templeton Global Bond VIP Class 2		916,959		(1,641,295	)		(724,336	)		615,895		(1,643,506	)		(1,027,611	)
Goldman Sachs VIT Large Cap Value Institutional Shares		38,490		(35,872	)		2,618			5,310		(45	)		5,265
Goldman Sachs VIT Mid Cap Value Institutional Shares		15,775		(11,363	)		4,412			8,388		(74	)		8,314
Goldman Sachs VIT Strategic Growth Institutional Shares		35,404		(2,702	)		32,702			13,562		(85	)		13,477
Goldman Sachs VIT Trends Driven Allocation Institutional Shares		1,270		(14,809	)		(13,539	)		29,180		(2,799	)		26,381
Janus Henderson Balanced Institutional Shares		104,628		(154,960	)		(50,332	)		107,773		(29,354	)		78,419
Janus Henderson Balanced Service Shares		79,703,146		(64,375,799	)		15,327,347			65,812,220		(35,764,110	)		30,048,110
Janus Henderson Enterprise Institutional Shares		33,610		(14,808	)		18,802			63,341		(317	)		63,024
Janus Henderson Flexible Bond Service Shares		1,047,207		(1,014,607	)		32,600			448,212		(747,538	)		(299,326	)
LVIP JPMorgan Core Bond Class 1		192,727		(7,559	)		185,168			3,247		(1,447	)		1,800
LVIP JPMorgan Mid Cap Value Class 1		12,390		(46,944	)		(34,554	)		39,040		(411	)		38,629
LVIP JPMorgan U.S. Equity Class 1		-		(4	)		(4	)		184		(431	)		(247	)
ClearBridge Variable Aggressive Growth - Class II		439,490		(334,167	)		105,323			151,940		(105,499	)		46,441
Western Asset Core Plus VIT Class I		187,542		(93,476	)		94,066			113,454		(3,498	)		109,956
Lord Abbett Bond Debenture Class VC		2,310,841		(2,999,623	)		(688,782	)		1,725,061		(2,310,709	)		(585,648	)

SA-112

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	2023								2022
	Units		Units			Net Increase			Units		Units			Net Increase
Variable Accounts	Issued		Redeemed			(Decrease)			Issued		Redeemed			(Decrease)
Lord Abbett Total Return Class VC		2,505,620		(3,722,139	)		(1,216,519	)		1,546,738		(3,329,727	)		(1,782,989	)
MFS International Growth - Initial Class		69,833		(29,883	)		39,950			41,142		(2,260	)		38,882
MFS Massachusetts Investors Growth Stock - Service Class		125,486		(566,431	)		(440,945	)		258,313		(378,180	)		(119,867	)
MFS New Discovery Series - Initial Class		31,968		(2,390	)		29,578			35,397		(3,697	)		31,700
MFS Total Return Series - Service Class		6,095,535		(6,360,131	)		(264,596	)		4,895,421		(4,444,905	)		450,516
MFS Utilities Series - Initial Class		18,382		(8,981	)		9,401			11,805		(361	)		11,444
MFS Utilities Series - Service Class		1,611,005		(2,027,082	)		(416,077	)		1,645,703		(1,253,200	)		392,503
MFS Value Series - Initial Class		65,419		(1,443	)		63,976			9,212		(193	)		9,019
MFS Value Series - Service Class		184,068		(391,419	)		(207,351	)		171,446		(428,946	)		(257,500	)
Neuberger Berman U.S. Equity Index PutWrite Strategy Class S		424,277		(361,417	)		62,860			170,964		(82,450	)		88,514
TOPS Aggressive Growth ETF Class 1		38,593		(124	)		38,469			6,254		(5,802	)		452
TOPS Balanced ETF Class 1		-		(6,760	)		(6,760	)		16,256		(186	)		16,070
TOPS Conservative ETF Class 1		24,893		(32,129	)		(7,236	)		65,113		(31,881	)		33,232
TOPS Growth ETF Class 1		25,859		(247	)		25,612			1,582		(6,823	)		(5,241	)
TOPS Managed Risk Balanced ETF Class 1		61,778		(257	)		61,521
TOPS Managed Risk Growth ETF Class 1		21,281		(29	)		21,252			937		(6	)		931
TOPS Moderate Growth ETF Class 1		1,416		(5,675	)		(4,259	)		5,694		(19	)		5,675
PIMCO All Asset - Advisor Class		77,940		(136,191	)		(58,251	)		75,492		(94,546	)		(19,054	)
PIMCO CommodityRealReturn Strategy - Advisor Class		1,446,182		(2,872,770	)		(1,426,588	)		7,150,546		(6,218,646	)		931,900
PIMCO Emerging Markets Bond - Institutional Class		24,965		(39,724	)		(14,759	)		20,785		(2,663	)		18,122
PIMCO Income - Advisor Class		3,560,123		(1,623,771	)		1,936,352			868,742		(686,111	)		182,631
PIMCO Long-Term U.S. Government - Institutional Class		54,919		(12,864	)		42,055			29,563		(301	)		29,262
PIMCO Low Duration - Institutional Class		302,311		(12,971	)		289,340			102,201		(29,353	)		72,848
PIMCO Total Return - Institutional Class		247,427		(143,322	)		104,105			180,960		(15,793	)		165,167
PSF Mid-Cap Growth Class II		6		(26	)		(20	)		29		(18	)		11
PSF PGIM Jennison Growth Class II		-		(34	)		(34	)		-		(2	)		(2	)
PSF PGIM Jennison Value Class II		-		(138	)		(138	)		-		(142	)		(142	)
Schwab Government Money Market		19,203		(19,203	)		-
Schwab S&P 500 Index		1,720,347		(552,539	)		1,167,808			1,638,370		(306,417	)		1,331,953
Schwab VIT Balanced		261,910		(585,798	)		(323,888	)		371,761		(793,255	)		(421,494	)
Schwab VIT Balanced with Growth		107,132		(750,192	)		(643,060	)		303,044		(653,618	)		(350,574	)
Schwab VIT Growth		129,075		(673,781	)		(544,706	)		457,901		(836,894	)		(378,993	)
State Street Total Return V.I.S. Class 3		1,468,042		(2,443,637	)		(975,595	)		902,141		(2,991,794	)		(2,089,653	)
T. Rowe Price Blue Chip Growth - I		120,913		(79,552	)		41,361			128,053		(3,840	)		124,213
T. Rowe Price Equity Income - I		16,360		(1,979	)		14,381			17,318		(1,729	)		15,589
T. Rowe Price Health Sciences - I		29,511		(13,706	)		15,805			22,830		(1,882	)		20,948
VanEck VIP Global Resources Class S		1,366,688		(1,987,048	)		(620,360	)		2,614,756		(2,121,343	)		493,413
Vanguard VIF Balanced		515,812		(227,590	)		288,222			771,530		(69,941	)		701,589
Vanguard VIF Capital Growth		145,131		(100,440	)		44,691			119,758		(16,863	)		102,895
Vanguard VIF Conservative Allocation		353,276		(98,940	)		254,336			283,157		(146,244	)		136,913
Vanguard VIF Diversified Value		15,988		(20,757	)		(4,769	)		46,580		(10,686	)		35,894
Vanguard VIF Equity Income		326,415		(237,077	)		89,338			258,914		(102,201	)		156,713
Vanguard VIF Equity Index		67,727		(25,037	)		42,690			17,164		(20,825	)		(3,661	)
Vanguard VIF Global Bond Index		61,682		(4,762	)		56,920			26,299		(3,816	)		22,483
Vanguard VIF Growth		287,249		(108,118	)		179,131			168,300		(27,106	)		141,194
Vanguard VIF High Yield Bond		110,949		(16,661	)		94,288			88,024		(28,526	)		59,498
Vanguard VIF International		181,270		(33,820	)		147,450			77,163		(27,443	)		49,720
Vanguard VIF Mid-Cap Index		330,926		(52,196	)		278,730			334,080		(32,822	)		301,258
Vanguard VIF Moderate Allocation		627,428		(445,327	)		182,101			1,004,201		(101,577	)		902,624
Vanguard VIF Real Estate Index		127,893		(46,905	)		80,988			122,425		(3,294	)		119,131
Vanguard VIF Short-Term Investment-Grade		312,927		(63,117	)		249,810			362,068		(45,629	)		316,439
Vanguard VIF Total Bond Market Index		1,159,386		(389,073	)		770,313			505,995		(266,944	)		239,051
Vanguard VIF Total International Stock Market Index		479,817		(121,468	)		358,349			566,398		(29,480	)		536,918
Vanguard VIF Total Stock Market Index		411,568		(150,727	)		260,841			616,249		(148,213	)		468,036

SA-113

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APPENDIX A (CONTINUED)

To the Board of Directors of
Pacific Life Insurance Company:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statements of assets and liabilities of Separate Account A of Pacific Life Insurance Company (the "Separate Account") comprising the variable accounts listed in Appendix A, including the schedules of investments as of December 31, 2023, the related statements of operations, statements of changes in net assets, and financial highlights for the periods indicated in Appendix A, and the related notes. 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, 2023, the results of their operations, changes in their net assets, and financial highlights for each of 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 and financial highlights are the responsibility of the Separate Account’s management. Our responsibility is to express an opinion on the Separate Account’s financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

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

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of investments owned as of December 31, 2023, by correspondence with the transfer agents. We believe that our audits provide a reasonable basis for our opinion.

Costa Mesa, California

February 28, 2024

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

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets	Financial Highlights
Delaware Ivy VIP Energy Class II	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For each of the five years in the period ended December 31, 2023
DFA VA Equity Allocation Institutional Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from August 10, 2021 (commencement of operations) through December 31, 2021
DFA VA Global Bond Institutional Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 29, 2021 (commencement of operations) through December 31, 2021
DFA VA Global Moderate Allocation Institutional Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from August 10, 2021 (commencement of operations) through December 31, 2021
DFA VA International Small Institutional Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from July 8, 2021 (commencement of operations) through December 31, 2021
DFA VA International Value Institutional Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 15, 2021 (commencement of operations) through December 31, 2021
DFA VA Short-Term Fixed Institutional Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from August 11, 2021 (commencement of operations) through December 31, 2021
DFA VA US Large Value Institutional Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 4, 2021 (commencement of operations) through December 31, 2021
DFA VA US Targeted Value Institutional Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from April 15, 2021 (commencement of operations) through December 31, 2021
Fidelity® VIP Consumer Discretionary Initial Class	For the year ended December 31, 2023	For the year ended December 31, 2023 and the period from December 27, 2022 (commencement of operations) through December 31, 2022
Fidelity® VIP Contrafund® Initial Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from May 20, 2021 (commencement of operations) through December 31, 2021
Fidelity® VIP Contrafund® Service Class 2	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For each of the five years in the period ended December 31, 2023

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

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APPENDIX A (CONTINUED)

Variable Account Comprising the Separate Account	Statement of Operations	Statement of Changes in Net Assets	Financial Highlights
T. Rowe Price Equity Income - I	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from May 27, 2021 (commencement of operations) through December 31, 2021
T. Rowe Price Health Sciences - I	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from May 20, 2021 (commencement of operations) through December 31, 2021
VanEck VIP Global Resources Class S	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For each of the five years in the period ended December 31, 2023
Vanguard® VIF Balanced	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from April 20, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Capital Growth	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from April 15, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Conservative Allocation	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 11, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Diversified Value	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 28, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Equity Income	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from May 20, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Equity Index	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from August 20, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Global Bond Index	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from August 10, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Growth	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 28, 2021 (commencement of operations) through December 31, 2021

SA-128

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	Financial Highlights
Vanguard® VIF High Yield Bond	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from July 29, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF International	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 4, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Mid-Cap Index	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 3, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Moderate Allocation	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from May 28, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Real Estate Index	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from July 8, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Short-Term Investment-Grade	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from July 27, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Total Bond Market Index	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 16, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Total International Stock Market Index	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from April 15, 2021 (commencement of operations) through December 31, 2021
Vanguard® VIF Total Stock Market Index	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the year ended December 31, 2023, 2022 and the period from June 1, 2021 (commencement of operations) through December 31, 2021

SA-129

PACIFIC LIFE INSURANCE COMPANY

Financial Statements - Statutory Basis

as of December 31, 2023 and 2022 and

for the years ended December 31, 2023, 2022 and 2021,

Supplemental Schedule of Selected Financial Data

as of and for the year ended December 31, 2023,

Supplemental Summary Investment Schedule,

Supplemental Schedule of Investment Risk Interrogatories,

and Supplemental Schedule of Reinsurance Disclosures

as of December 31, 2023

and Independent Auditor's Report

Deloitte & Touche LLP
695 Town Center Drive
Suite 1000
Costa Mesa, CA 92626
USA

Tel: 714 436 7100
Fax: 714 436 7200
www.deloitte.com

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, 2023 and 2022, 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, 2023, 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, 2023 and 2022, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2023, 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, 2023 and 2022, or the results of its operations or its cash flows for each of the three years in the period ended December 31, 2023.

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 2023 audit was conducted for the purpose of forming an opinion on the 2023 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, 2023 are presented for purposes of additional analysis and are not a required part of the 2023 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 2023 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 2023 statutory-basis financial statements as a whole.

March 19, 2024

2

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)	2023		2022
ADMITTED ASSETS
Bonds	$76,921		$73,845
Preferred stocks	1		4
Common stocks	687		669
Mortgage loans	18,648		19,028
Real estate	120		153
Cash, cash equivalents and short-term investments	3,018		888
Contract loans	8,187		7,597
Derivatives	2,530		1,434
Securities lending reinvested collateral assets	3,096		2,828
Other invested assets	10,710		10,026
Investment income due and accrued	957		908
Net deferred tax asset	746		334
Other assets	2,038		1,965
Separate account assets	65,576		58,636

TOTAL ADMITTED ASSETS	$193,235		$178,315

LIABILITIES AND CAPITAL AND SURPLUS
Liabilities:
Aggregate reserves	$72,346		$79,459
Liability for deposit-type contracts	22,005		18,585
Transfers to separate accounts due or accrued, net	(492	)	(685	)
Funds held under coinsurance	11,620		234
Other liabilities	8,965		9,213
Asset valuation reserve	1,423		1,171
Separate account liabilities	65,576		58,636
TOTAL LIABILITIES	181,443		166,613
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	83		91
Special surplus adjustments	231		328
Unassigned surplus	7,457		7,129
Surplus notes	1,455		1,588
TOTAL CAPITAL AND SURPLUS	11,792		11,702

TOTAL LIABILITIES AND CAPITAL AND SURPLUS	$193,235		$178,315

See Notes to Financial Statements - Statutory Basis

3

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)	2023		2022		2021
REVENUES
Premiums and annuity considerations	$3,955		$14,298		$13,984
Net investment income	3,818		3,401		3,276
Reserve adjustments on reinsurance ceded	(526	)	(450	)	(677	)
Separate account fees	1,329		1,324		1,365
Other income	169		157		287
TOTAL REVENUES	8,745		18,730		18,235

BENEFITS AND EXPENSES
Current and future policy benefits	7,702		15,322		16,692
Commission expense	1,078		1,057		1,000
Operating expenses	1,177		1,210		1,084
TOTAL BENEFITS AND EXPENSES	9,957		17,589		18,776

NET GAIN (LOSS) BEFORE FEDERAL INCOME TAXES	(1,212	)	1,141		(541	)
Federal income tax expense (benefit)	(26	)	9		210

NET GAIN (LOSS) FROM OPERATIONS	(1,186	)	1,132		(751	)
Net realized capital gains (losses) less tax	1,237		(981	)	1,612

NET INCOME	$51		$151		$861

See Notes to Financial Statements - Statutory Basis

4

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

(In Millions)	Common Stock	Paid-in Surplus	Other Surplus Adjustments		Special Surplus Adjustments		Unassigned Surplus		Surplus Notes		Total
BALANCES, JANUARY 1, 2021	$30	$1,836	$131		$—		$7,693		$1,674		$11,364
Net income							861				861
Change in net unrealized capital gains less tax							318				318
Change in net deferred income tax							88				88
Change in nonadmitted assets							(84	)			(84	)
Change in asset valuation reserve							(732	)			(732	)
Dividend to parent							(450	)			(450	)
Surplus contributed to separate accounts							(68	)			(68	)
Other changes in surplus in separate accounts							68				68
Other surplus adjustment for derivatives			(9	)							(9	)
Change in other surplus transactions							(4	)	1		(3	)
BALANCES, DECEMBER 31, 2021	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	)
Change in other surplus transactions					17		(14	)			3
BALANCES, DECEMBER 31, 2023	$30	$2,536	$83		$231		$7,457		$1,455		$11,792

See Notes to Financial Statements - Statutory Basis

5

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)	2023		2022		2021
CASH FLOWS FROM OPERATING ACTIVITIES
Premiums collected, net of reinsurance	$15,354		$14,258		$13,658
Net investment income	3,826		3,296		3,245
Other income	1,115		1,321		1,073
Benefits and loss related payments	(14,755	)	(11,340	)	(11,645	)
Net transfers (to) from separate accounts	40		(285	)	(261	)
Commissions, expenses paid and other deductions	(2,304	)	(2,190	)	(1,998	)
Dividends paid to policyholders	(8	)	(8	)	(9	)
Federal income taxes (paid) recovered, net	4		358		(215	)
NET CASH PROVIDED BY OPERATING ACTIVITIES	3,272		5,410		3,848

CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments sold, matured or repaid
Bonds	6,211		8,369		8,034
Stocks	124		138		50
Mortgage loans	984		1,058		1,311
Other invested assets	5,634		2,998		2,388
Miscellaneous proceeds	2,705		2,182		2,063
Cost of investments acquired
Bonds	(9,359	)	(15,342	)	(15,960	)
Stocks	(66	)	(182	)	(59	)
Mortgage loans	(790	)	(4,183	)	(2,154	)
Other invested assets	(6,232	)	(6,571	)	(3,280	)
Miscellaneous applications	(1,986	)	(2,427	)	(1,881	)
Net increase (decrease) in contract loans	(590	)	(108	)	201
NET CASH USED IN INVESTING ACTIVITIES	(3,365	)	(14,068	)	(9,287	)
(Continued)

See Notes to Financial Statements - Statutory Basis

6

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)	2023		2022		2021
(Continued)
CASH FLOWS FROM FINANCING AND MISCELLANEOUS ACTIVITIES
Net deposits on deposit-type contracts	$2,975		$7,180		$4,241
Net change in borrowed funds					(49	)
Net change in surplus notes	(134	)	(85	)
Contribution from parent			700
Dividend to parent					(303	)
Other cash provided (applied)	(618	)	758		543
NET CASH PROVIDED BY FINANCING AND MISCELLANEOUS ACTIVITIES	2,223		8,553		4,432

Net change in cash, cash equivalents and short-term investments	2,130		(105	)	(1,007	)
Cash, cash equivalents and short-term investments, beginning of year	888		993		2,000

CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS, END OF YEAR	$3,018		$888		$993

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	$112		$111		$100

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION FOR NON-CASH TRANSACTIONS
Bonds disposed and acquired	$629		$947		$747
Stocks disposed and acquired	184		515		27
Federal tax credits received	257		239		22
Bonds transferred to other invested assets	123		140
Mortgage loans disposed and acquired			16		104
Premium tax credits received	5		6		8
Bond interest in-kind received	1		2		4
Assets in-kind received as deposits					515
Assets in-kind received as premiums, net of amounts transferred to the separate account					245
Bond dividend paid to parent					147
Reinsurance transaction	11,349
Assets in-kind received due to sale of Pacific Asset Management, LLC	169
Bond dividend received from subsidiary					20
Bonds converted to stocks Other invested assets transferred to affiliated fund	1,043				10
Interest purchased received as premiums					7
Assets-in-kind transferred to Pacific Life & Annuity Company	49

See Notes to Financial Statements - Statutory Basis

7

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

1.	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 consisting of life insurance, annuities, and reinsurance. The Company's primary business operations provide life insurance products, individual annuities and mutual funds, and offer a variety of investment products and services to individuals and businesses. The top geographic locations in the United States for statutory premiums and annuity considerations, and deposits were California, Texas, Missouri, and Florida representing 13%, 9%, 8%, and 8%, respectively, of total statutory premiums and annuity considerations, and deposits for the year ended December 31, 2023. No other jurisdiction accounted for more than 5% of the total.

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.

8

The following table reconciles the Company's net income for the years ended December 31, 2023, 2022 and 2021 and statutory capital and surplus as of December 31, 2023 and 2022 between NAIC SAP and practices prescribed or permitted by the NE DOI:

	Years Ended December 31,
	2023	2022	2021
	(In Millions)
Net income, Nebraska basis	$51	$151	$861
State permitted practices that are an increase (decrease) from NAIC SAP Change in policy reserves	21	20
Net income, NAIC SAP	$30	$131	$861

	December 31,
	2023	2022
	(In Millions)
Statutory capital and surplus, Nebraska basis	$11,792	$11,702
State permitted practices that are an increase (decrease) from NAIC SAP Change in policy reserves	37	20
Statutory capital and surplus, NAIC SAP	$11,755	$11,682

NAIC SAP and accounting practices prescribed or permitted by the NE DOI differ in certain respects, which in some cases are materially different from accounting principles generally accepted in the United States of America (U.S. GAAP) (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.

On September 15, 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. Upon inception of the agreement, the Company recognized a funds held under coinsurance balance and a reduction to aggregate reserves. See Note 9.

The Company has evaluated events subsequent to December 31, 2023 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.

9

RECONCILIATION FROM ANNUAL REPORT TO THE AUDITED FINANCIAL STATEMENTS - STATUTORY BASIS

Subsequent to the filing of the Company's 2022 Annual Statement, the Company determined the balances for investment income due and accrued and aggregate write-in for liabilities included in other liabilities were not properly presented as of December 31, 2022, which resulted in the reconciliations included in the table below. There was no impact to surplus, net income, or cash flows.

	Annual Report	Change		Audited Financial Statements
		(In Millions)
Statement of Admitted Assets, Liabilities and Capital and Surplus - Statutory Basis
December 31, 2022:
Assets:
Investment income due and accrued	$1,390	($482	)	$908

Total assets	178,797	(482	)	178,315

Liabilities: Other liabilities	$9,929	($482	)	$9,447

Total liabilities	167,095	(482	)	166,613

ACCOUNTING CHANGES, CORRECTIONS OF ERRORS AND RECLASSIFICATIONS

In January 2024, the NAIC adopted INT 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 totals $18 million in aggregate and is allocated between the General Account and insulated Separate Account. The amount of negative IMR admitted in the General Account is $17 million and reported as an asset in the insulated Separate Account is $1 million. As of December 31, 2023, the calculated adjusted capital and surplus totals $11.0 billion. The percentage of admitted net negative (disallowed) IMR compared to the adjusted capital and surplus is 0.17% (total includes admitted General and Separate Account balance).

The Company attests to the following statements:

•

Fixed income investments generating IMR losses comply with the reporting entity’s documented investment or liability management policies; there have been no deviations from this statement during 2023.

•

IMR losses for fixed income related derivatives are all in accordance with prudent and documented risk management procedures, in accordance with a reporting entity’s derivative use plans and reflect symmetry with historical treatment in which unrealized derivative gains were reversed to IMR and amortized in lieu of being recognized as realized gains upon derivative termination.

•

Asset sales that were generating admitted negative IMR were not compelled by liquidity pressures (e.g., to fund significant cash outflows including, but not limited to excess withdrawals and collateral calls).

10

During the fourth quarter of 2022, the NAIC revised Interpretation 22-02, Third Quarter 2022 through First Quarter 2023 Reporting of the Inflation Reduction Act – Corporate Alternative Minimum Tax (INT 22-02), that for a limited time provides a partial exception to SSAP No. 101, Income Taxes, and SSAP No. 9, Subsequent Events. Under INT 22-02, changes in estimates related to Corporate Alternative Minimum Tax (CAMT) that arise from the Inflation Reduction Act need not be recognized in the three months ended March 31, 2023 financial statements. In September 2023, the NAIC issued Inflation Reduction Act - Corporate Alternative Minimum Tax INT 23-03 (INT 23-03) which provides Corporate Alternative Minimum Tax (CAMT) reporting guidance effective for the year-end 2023 financial statements 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 Company will continue to evaluate its options under this Interpretation through December 31, 2024.

Effective December 31, 2022, the Company adopted revisions to SSAP No. 43R, Residual Tranches, which clarified that residual tranches shall be valued at the lower of amortized cost or fair value and shall be reported as other invested assets rather than bonds on the statements of admitted assets, liabilities and capital and surplus - statutory basis. The impact of this adoption on the Company's financial statements was immaterial.

FUTURE ADOPTION OF ACCOUNTING PRINCIPLES

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

11

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. The Company records an OTTI to fair value for common stock, preferred stock, and bonds, except for LBASS, which are written down to the present value of cash flows expected to be collected, discounted at the security's effective interest rate. The Company records an OTTI to fair value for any investment that the Company intends to sell or would be required to sell prior to recovery at a realized loss. 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 and impairment losses. Mortgage loans on real estate do not include accrued interest, which is included in investment income due and accrued. 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 where 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.

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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 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 funds (surplus). See Note 5.

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. The negative IMR of $17 million was included in other assets as of December 31, 2023. The IMR of $56 million was included in other liabilities as of December 31, 2022.

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 subsidiaries, controlled and affiliated (SCA) entities is described below. Interest expense on surplus notes is also recorded in net investment income.

13

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 $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, 2023 and 2022.

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 $545 million and $474 million as of December 31, 2023 and 2022, respectively. During the years ended December 31, 2023, 2022, and 2021, the Company made capital contributions in the form of bonds of $49 million, zero, 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 $191 million and $130 million, respectively as of December 31, 2023. The nonadmitted carrying values of PAR Vermont and PBRC were $227 million and $187 million, respectively, as of December 31, 2022.

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 as determined in accordance with U.S. GAAP, 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, 2023 and 2022, PAH's carrying value was $4,239 million and $3,575 million, respectively. During the years ended December 31, 2023, 2022 and 2021, the Company made capital contributions of $1,061 million, $1,486 million and $292 million, respectively, to PAH. Distributions from PAH to the Company in the form of cash included in net investment income were $212 million, $115 million, and $152 million during the years ended December 31, 2023, 2022, and 2021, respectively. Distributions recorded as a return of capital were $249 million, $22 million, and $125 million during the years ended December 31, 2023, 2022, and 2021, respectively

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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 and the Pacific Funds Series Trust (PFST). The Pacific Select Fund is the investment vehicle provided to the Company's variable life insurance policyholders and variable annuity contract owners. PFST is the investment vehicle for the Company's mutual fund products and other funds. As a result of the sale of PAM LLC, 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, 2023, 2022 and 2021 were $98 million, $99 million and $119 million, respectively. PLFA is carried based on its underlying audited U.S. GAAP equity. As of December 31, 2023 and 2022, PLFA’s carrying value was $49 million and $45 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, 2023 and 2022, PSD’s carrying value was $35 million and $41 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 $486 million, $497 million and $603 million during the years ended December 31, 2023, 2022 and 2021, 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 $69 million, $74 million and $86 million, included in commission expense, for paying trail commissions on its behalf for the years ended December 31, 2023, 2022 and 2021, 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, 2023 and 2022, the nonadmitted carrying value of PGAM was $23 million and $52 million, respectively. Distributions recorded as a return of capital from PGAM to the Company were $40 million, zero, and zero during the years ended December 31, 2023, 2022, and 2021, respectively.

The Company also has the following noninsurance SCA investments that are classified as SSAP No. 97, Subsidiary, Affiliated and Controlled Entities 8.b.iii entities:

	December 31, 2023				December 31, 2022
				Admitted				Admitted
	Gross		Nonadmitted	Asset	Gross		Nonadmitted	Asset
Description: ⁽²⁾	Amount		Amount	Amount	Amount		Amount	Amount

	(In Millions)
Pacer Pacific Asset Floating					$38	⁽¹⁾		$38
Pacific Funds ESG Core Bond Fund Adv Class					11	⁽¹⁾		11
Pacific Funds ESG Core Bond Fund Class I					11	⁽¹⁾		11
Pacific Funds Small-Cap Value, Advisor					8	⁽¹⁾		8
Pacific Funds Ultra Short Income Class D					13	⁽¹⁾		13
Pacific Funds Ultra Short Income Class I					13	⁽¹⁾		13
Pacific Optimization Growth	$1	⁽¹⁾		$1	1	⁽¹⁾		1
Pacific Optimization Moderate	1	⁽¹⁾		1	1	⁽¹⁾		1
PSF ESG Diversified Growth Class I	13	⁽¹⁾		13	10	⁽¹⁾		10
PSF ESG Diversified Portfolio Class I	11	⁽¹⁾		11	9	⁽¹⁾		9
PSF Hedge Equity Portfolio Class I					15	⁽¹⁾		15
Total	$26		$—	$26	$130		$—	$130

	⁽¹⁾	Includes NAIC Sub-2 filing types.
	⁽²⁾	The Company received responses from the NAIC for all required SCA filings and no SCA investment valuations were disallowed or required to be resubmitted.

15

The Company is the owner and beneficiary of life insurance policies captured under SSAP No. 21, Other Admitted Assets. As of December 31, 2023 and 2022, the cash surrender value was $208 million and $171 million, respectively. As of December 31, 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. As of December 31, 2022, the investments in various fund structures of the underlying life insurance policies comprise investment characteristics of 98% of stocks 2% and 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. For the years ended December 31, 2023, 2022 and 2021, the Company received $138 million, $127 million and $114 million, respectively, for services provided to, and paid $16 million, $27 million and $10 million, respectively, for services received from certain subsidiaries and affiliates, which are included in operating expenses. As of December 31, 2023 and 2022, the Company reported $75 million and $74 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 September 2021, the Company entered into a one year agreement with Pacific Life Re International Limited (RIBM), a wholly owned indirect subsidiary of Pacific LifeCorp, to lend up to $100 million at a fixed rate of 0.7%. The agreement was terminated May 6, 2022.

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, 2023 and 2022. 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 and $3.4 billion as of December 31, 2023 and 2022, respectively. Related to these contracts, the Company received $241 million, $503 million and $197 million of premiums and annuity considerations and paid $217 million, $201 million and $183 million of current and future policy benefits for the years ended December 31, 2023, 2022 and 2021, respectively. In addition, included in the liability for deposit-type contracts are insurance contracts with the affiliated assignment company of $4.6 billion and $3.9 billion as of December 31, 2023 and 2022, 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 primarily from 0.3% to 8.8%.

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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. In addition to the Company, included in PMHC's consolidated return are the following entities: Pacific LifeCorp, PL&A, PAR Vermont, PBRC, PLFA, and Pacific Life Re Global Limited (RGBM).

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 accounts 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 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, but are also invested in 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.

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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, 2023 and 2022, the Company exceeded the minimum risk-based capital requirements.

2.	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.

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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 as of December 31, 2023 and 2022 were $1.8 billion and $698 million, 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, 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:
Residential mortgage-backed securities (RMBS)	1,291	1,151	(140)
Commercial mortgage-backed securities (CMBS)	3,574	3,219	(355)
Other	12,543	12,123	(420)
Total	$78,687	$73,316	($5,371)

	Book/Adjusted Carrying Value	Fair Value	Net Unrealized Losses
		(In Millions)
December 31, 2022:
U.S. Government	$1,038	$985	($53)
All other governments	638	572	(66)
U.S. states, territories, and possessions	102	84	(18)
U.S. political subdivisions of states, territories, and possessions	213	203	(10)
U.S. special revenue and special assessment obligations	2,039	1,799	(240)
Industrial and miscellaneous	54,274	48,098	(6,176)
Bank loans	1,774	1,735	(39)
Hybrid securities	23	21	(2)
LBASS:
RMBS	1,400	1,228	(172)
CMBS	3,529	3,132	(397)
Other	9,513	8,805	(708)
Total	$74,543	$66,662	($7,881)

19

The book/adjusted carrying value and fair value of bonds, short-term investments and cash equivalents as of December 31, 2023, 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	$4,893	$4,849
Due after one year through five years	19,378	18,745
Due after five years through ten years	16,817	15,302
Due after ten years	20,191	17,927
	61,279	56,823
LBASS	17,408	16,493
Total	$78,687	$73,316

20

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, 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

December 31, 2022:
U.S. Government	$626	$32	$40	$23	$666	$55
All other governments	435	45	73	23	508	68
U.S. states, territories, and possessions	74	14	$10	$4	84	18
U.S. political subdivisions of states, territories, and possessions	150	13			150	13
U.S. special revenue and special assessment obligations	1,305	217	129	43	1,434	260
Industrial and miscellaneous	39,955	4,847	5,001	1,460	44,956	6,307
Bank loans	1,071	23	255	19	1,326	42
Hybrid securities			16	4	16	4
LBASS:
RMBS	380	29	659	174	1,039	203
CMBS	1,775	160	829	240	2,604	400
Other	5,324	411	1,907	324	7,231	735
Total	$51,095	$5,791	$8,919	$2,314	$60,014	$8,105

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.

21

The table below summarizes the OTTI by security type:

	Years Ended December 31,
	2023	2022	2021
	(In Millions)
Bonds:
Industrial and miscellaneous		$13	$36
Issuer obligation	$2
Bank loans	8	1
LBASS	66	2	34
Mortgage loans	183	15
Real estate	12
Other invested assets	20	6	11
Total OTTI	$291	$37	$81

The following table presents all LBASS with an OTTI recognized during the year ended December 31, 2023, whereby the present value of cash flows expected to be collected is less than the amortized cost basis of the securities:

Amortized

Cost Before

Current Period

Present Value

of Projected

Recognized

Amortized Cost

Fair Value at

Date of

Financial

Statement

When

Cusip

OTTI

Cash Flows

OTTI

after OTTI

time of OTTI

Reported

(In Millions)

23312RAG0

$60

$49

$11

$49

3/31/2023

23312RAG0

49

48

9/30/2023

23312RAJ4

3

9/30/2023

Total

$62

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, 2023			December 31, 2022
	Number	Book/Adjusted Carrying Value	Fair Value	Number	Book/Adjusted Carrying Value	Fair Value
	(In Millions)				(In Millions)
Bank loans	1	$15	$12	1	$14	$11
LBASS	3	4	6	3	7	6
Total	4	$19	$18	4	$21	$17

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. Proceeds, gross gains, and gross losses recognized on sales of bonds were $2.4 billion, $28 million, and $11 million, respectively, for the year ended December 31, 2021.

Bonds with a book/adjusted carrying value of $6 million as of December 31, 2023 and 2022, were held as restricted assets on deposit with government agencies as required by law in various jurisdictions in which the Company conducts business.

22

The Company received prepayment penalties and acceleration of fees of $4 million, $28 million and $117 million from 97, 192 and 249 securities for the years ended December 31, 2023, 2022 and 2021, respectively.

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, 2023. 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, 2023 and 2022, 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, 2023 and 2022 was $3.2 billion and $4.2 billion, respectively. The Company recorded cash collateral received of $3.1 billion and $3.8 billion as of December 31, 2023 and 2022, respectively, and established a corresponding liability for the same amount, which is included in other liabilities. As of December 31, 2023 and 2022, 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, 2023 and 2022, zero and $1.0 billion, respectively, were utilized for general corporate purposes.

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

	December 31, 2023		December 31, 2022
	Amortized Cost	Fair Value	Amortized Cost	Fair Value
Overnight and continuous
30 days or less	$1,396	$1,396	$928	$928
31-60 days			300	300
61 to 90 days	1,700	1,700	1,600	1,600
Total collateral reinvested	$3,096	$3,096	$2,828	$2,828

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 90 days or less.

REPURCHASE AGREEMENTS

In 2022, the Company entered into repurchase agreements with unaffiliated financial institutions. Under these agreements, the Company sells bonds and receives cash 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 tri-party and bilateral trades. 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. The maximum amount outstanding under repurchase agreements during the year ended December 31, 2022 was $10 million, which had a maturity time frame of 2 days to 1 week. There are no amounts outstanding under these agreements as of December 31, 2023 and 2022.

23

The maximum fair value of securities sold outstanding under secured borrowing agreements during the years ended December 31, 2023 and 2022 were $17 million and $10 million, respectively. There were no outstanding securities sold as of December 31, 2023 and 2022.

The maximum amount of cash collateral received and securities collateral liability under secured borrowing agreements during the years ended December 31, 2023 and 2022 were $16 million and $10 million, respectively. There was no outstanding cash collateral received outstanding as of December 31, 2023 and 2022. There was no outstanding securities collateral liability outstanding as of December 31, 2023 and 2022.

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 United States (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 90 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.

In 2022, 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, 2023 and 2022. 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 (In Millions):

	Maximum Amount				Ending Balance
December 31, 2023	First Quarter	Second Quarter	Third Quarter	Fourth Quarter	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
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
31-90 days	2,835	2,900	2,500	2,850	1,700	1,600	2,000	1,700

	Maximum Amount				Ending Balance
December 31, 2022	First Quarter	Second Quarter	Third Quarter	Fourth Quarter	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Overnight and continuous	$200	$250	$650	$200	$200		$150	$200
30 days or less	1,175	1,100	1,950	1,450	400	$250	200	200
31-90 days	2,925	3,175	2,875	4,250	2,925	2,675	2,125	1,900

24

The maximum and ending fair value of the bonds acquired under reverse repurchase-secured borrowings during the years 2023 and 2022 is as follows (In Millions). None of the bonds acquired were nonadmitted.

December 31, 2023	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Maximum Amount	$4,828	$4,722	$4,219	$3,906
Ending Balance	3,723	3,789	3,678	3,026

December 31, 2022	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Maximum Amount	$3,800	$3,938	$4,836	$2,662
Ending Balance	3,750	3,117	2,617	2,442

The following table presents, by NAIC designation, the fair value of bonds acquired by the Company under reverse repurchase- secured borrowings as of December 31, 2023 and 2022 (In Millions):

	December 31,
	2023	2022
NAIC 1	$494	$947
NAIC 2	899	702
NAIC 3	609	242
NAIC 4	1,024	551
Total	$3,026	$2,442

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

The following tables present the aggregate allocation of collateral pledged of repurchase agreements by remaining contractual maturity (In Millions):

	December 31, 2023		December 31, 2022
	Amortized Cost	Fair Value	Amortized Cost	Fair Value
30 days or less	$1,150	$1,150	$400	$400
31-90 days	1,700	1,700	1,900	1,900

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 the years 2023 and 2022 is as follows (In Millions):

December 31, 2023	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Maximum Amount	$3,985	$3,990	$4,010	$3,710
Ending Balance	3,535	3,610	3,510	2,850

December 31, 2022	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Maximum Amount	$3,850	$3,675	$3,675	$4,950
Ending Balance	3,525	2,925	2,475	2,300

25

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 the years 2023 and 2022 is as follows (In Millions):

December 31, 2023	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Maximum Amount	$3,985	$3,990	$4,010	$3,710
Ending Balance	3,535	3,610	3,510	2,850

December 31, 2022	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Maximum Amount	$3,850	$3,675	$3,675	$4,950
Ending Balance	3,525	2,925	2,475	2,300

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 as of December 31, 2023 and 2022.

	Gross Asset	Nonadmitted Asset	Net Admitted Asset
December 31, 2023:		(In Millions)
WCFI Designation 1	$668		$668
WCFI Designation 2	482	$11	471
Total	$1,150	$11	$1,139

	Gross Asset	Nonadmitted Asset	Net Admitted Asset
December 31, 2022:		(In Millions)
WCFI Designation 1	$764		$764
WCFI Designation 2	544		544
Total	$1,308	$—	$1,308

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

	Book/Adjusted Carrying Value
	December 31,
	2023	2022
	(In Millions)
Up to 180 days	$1,041	$1,256
181 to 365 days	109	52
Total	$1,150	$1,308

26

MORTGAGE LOANS

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

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

Year Ended December 31, 2022:
Farm	6.10%	3.15%
Construction and land development	5.37%	5.37%
Commercial	7.10%	2.05%

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% and 100% as of December 31, 2023 and 2022, respectively.

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
December 31, 2023:			(In Millions)
Current	$947	$232	$17,042	$107	$18,328
30-59 days past due	5		32		37
60-89 days past due	4		225		229
90-179 days past due					—
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

	Farm	Residential	Commercial	Mezzanine	Total
December 31, 2022:			(In Millions)
Current	$980	$236	$17,690	$107	$19,013
30-59 days past due					—
60-89 days past due					—
90-179 days past due	2				2
180+ days past due	13				13
Total	$995	$236	$17,690	$107	$19,028

Participant or co-lender in a mortgage loan agreement:
Recorded investment ⁽¹⁾	$20		$1,110	$107	$1,237

⁽¹⁾

Excluded from the Commercial amounts are mortgage loan participations where the sole participants are the Company and PL&A. The total amounts were $2.8 billion and $2.9 billion as of December 31, 2023 and 2022, respectively.

27

The Company's investment in impaired commercial mortgage loans was $374 million and $72 million as of December 31, 2023 and 2022, respectively. Information on the Company's impaired commercial mortgage loans is as follows:

	Years Ended December 31,
	2023	2022	2021
		(In Millions)
Impairment loss recorded	$183	$15
Average recorded investment	112	46	$20
Interest income recognized	22	4	3
Recorded investment on nonaccrual status	73
Mortgage loans derecognized as a result of foreclosure	30
Real estate collateral recognized as a result of foreclosure	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 (In Millions):

	December 31,		December 31,
	2023		2022
California	$4,263	California	$4,108
Illinois	1,393	Illinois	1,444
Texas	1,324	Texas	1,351
Massachusetts	1,280	Massachusetts	1,243
Washington	1,247	Washington	1,136
Georgia	881	New York	969
New York	713	Georgia	869
New Jersey	712	District of Columbia	794
Florida	678	Virginia	774
District of Columbia	634	New Jersey	719
All other	5,523	All other	5,621
Total	$18,648	Total	$19,028

As of December 31, 2023 and 2022, the largest carrying amount of one single commercial loan in California, the state with the highest geographical distribution, was $459 million or 2% and $440 million or 2% of the mortgage loan carrying value, respectively. This loan was secured by apartment buildings.

As of December 31, 2023, the largest total carrying value of multiple commercial loans with a single sponsor, a related party to the Company, was $639 million and 3% of the mortgage loan carrying value. As of December 31, 2023, these loans were located in various states and were mainly secured by apartment buildings. As of December 31, 2022, the largest total carrying value of multiple commercial loans with a single sponsor, a related party to the Company, was $622 million and 3% of the mortgage loan carrying value. As of December 31, 2022, these loans were located in various states and were mainly secured by apartment buildings.

For the years ended December 31, 2023, 2022 and 2021, the Company recognized in net investment income prepayment income of $4 million, $57 million and $30 million, respectively, from early pay off mortgage loans.

28

The Company reviews the performance and credit quality of commercial mortgage loans 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). 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 compares the amount of the loan to the fair value of the collateral and is commonly expressed as a percentage. LTVs greater than 100% indicate that the loan amount exceeds the collateral value. A smaller LTV percentage indicates a greater excess of collateral value over the loan amount. The monitoring process focuses on higher risk loans, which include those that are classified as restructured, delinquent or in foreclosure, as well as loans with higher LTV ratios and lower DCR. The DCR and LTV ratios are updated routinely.

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 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 (TDR) 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 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.

29

The following tables set forth mortgage loan credit levels as of December 31, 2023 and 2022 ($ In Millions):

					December 31, 2023
			Level 1		Level 2		Level 3
			Minimal Credit		Moderate Credit		Significant Credit
	No Credit Concern		Concern		Concern		Concern		Total
	Carrying	Weighted Average	Carrying	Weighted Average	Carrying	Weighted Average	Carrying	Weighted Average	Carrying	Weighted Average
Type	Amount	DCR	Amount	DCR	Amount	DCR	Amount	DCR	Amount	DCR
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

					December 31, 2022
			Level 1		Level 2		Level 3
			Minimal Credit		Moderate Credit		Significant Credit
	No Credit Concern		Concern		Concern		Concern		Total
	Carrying	Weighted Average	Carrying	Weighted Average	Carrying	Weighted Average	Carrying	Weighted Average	Carrying	Weighted Average
Type	Amount	DCR	Amount	DCR	Amount	DCR	Amount	DCR	Amount	DCR
Agricultural	$995	2.23							$995	2.23
Apartment	4,969	1.72							4,969	1.72
Golf course	41	3.64	$4	0.80					45	3.37
Industrial	828	2.24							828	2.24
Lodging	1,064	3.19	77	1.60	$160	1.12			1,301	2.85
Mobile home park	239	3.27							239	3.27
Office	4,199	2.08			60	2.98	$72	1.08	4,331	2.07
Residential	41	2.17							41	2.17
Retail	2,335	1.99	225	1.55			512	0.83	3,072	1.76
Construction ⁽¹⁾	3,050		42		115				3,207
Total	$17,761	2.07	$348	1.55	$335	1.63	$584	0.86	$19,028	2.01

⁽¹⁾

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

DEBT RESTRUCTURING

As of December 31, 2023 and 2022, the Company had investments in restructured loans and bonds of $333 million and $19 million, respectively. The realized capital losses related to these loans and bonds were zero, zero and $31 million for the years ended December 31, 2023, 2022 and 2021, respectively.

30

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 will mature 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. There were no TDRs during the years ended December 31, 2022 and 2021.

JOINT VENTURES, PARTNERSHIPS AND LLCS

The Company does not have investments in joint ventures, partnerships and limited liability companies that exceed 10% of admitted assets of the Company as of December 31, 2023 and 2022. For impaired investments in joint ventures, partnerships and limited liability companies, the Company recorded write downs of $20 million, $5 million and $11 million on 11, 4 and 6 investments during the years ended December 31, 2023, 2022 and 2021, respectively, based upon lower estimated future cash flows.

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. 100R, 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.

31

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) as of December 31, 2023 and 2022:

	Level 1	Level 2	Level 3	NAV	Total
December 31, 2023:			(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

32

	Level 1	Level 2	Level 3	NAV	Total
December 31, 2022:			(In Millions)
Assets:
Bonds:
Issuer obligations			$14		$14
LBASS			4		4
Total bonds	—	—	18	—	18
Preferred stocks:
Industrial and miscellaneous			4		4
Common stocks:
Industrial and miscellaneous			65		65
Affiliates ⁽¹⁾	$130				130
Total common stocks	130	—	65	—	195

Derivatives:
Foreign currency and interest rate swaps		$459			459
Equity derivatives	52		880		932
Total derivatives	52	459	880	—	1,391
Other invested assets			116		116
Separate account assets ⁽²⁾	53,895			$849	54,744
Total	$54,077	$459	$1,083	$849	$56,468

Liabilities:
Derivatives:
Foreign currency and interest rate swaps		$452			$452
Equity derivatives			$3		3
Total	$—	$452	$3	$—	$455

⁽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.

33

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 meet to discuss 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, 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 accounts for certain derivatives that are designated as cash flow hedges in the same manner as the hedged liability, 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.

34

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 in Bonds, Preferred Stocks, Common Stocks and Other Invested Assets. The fair value of assets in the Separate Accounts in Level 3 consist of bonds based on valuation methods described in Bonds, Preferred Stocks, Common Stocks and Other Invested Assets 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 net asset value 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 and annually. The remaining lockup period ranges from zero to 39 months as of December 31, 2023. There are no unfunded commitments of investments measured using the NAV practical expedient as of December 31, 2023.

35

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,
	2023	Level 3 ⁽¹⁾		of Level 3 ⁽¹⁾		Net Income	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

						Total Gains or (Losses)
	January 1,	Transfers Into		Transfers Out		Included in	Included in				December 31,
	2022	Level 3 ⁽¹⁾		of Level 3 ⁽¹⁾		Net Loss	Surplus	Purchases	Sales	Settlements	2022

	(In Millions)
Bonds
Issuer
Obligations		$25	⁽²⁾			($13)	$3			($1)	$14
LBASS	$103	40	⁽²⁾	($116)	⁽⁵⁾	(11)	(16)	$7		(3)	4
Preferred stocks	1						(2)	5			4
Common stocks	22					5		154	($116)		65
Derivatives, net	1,906					(672)	(333)	561		(585)	877
Other invested
assets		116	⁽⁵⁾								116
Total	$2,032	$181		($116)		($691)	($348)	$727	($116)	($589)	$1,080

⁽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.

⁽⁵⁾ Transferred into/out of Level 3 due to reclassification from LBASS to Other Invested Assets.

36

The book/adjusted carrying values and fair values of the Company's financial instruments are presented in the following table:

	December 31, 2023
		Book/					Not
		Adjusted					Practicable
	Fair	Carrying					(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

	December 31, 2022
		Book/					Not
		Adjusted					Practicable
	Fair	Carrying					(Carrying
	Value	Value	Level 1	Level 2	Level 3	NAV	Value)
	(In Millions)
Assets:
Bonds	$65,965	$73,845		$61,162	$4,803
Preferred stocks	4	4			4
Common stocks ⁽¹⁾	195	195	$130		65
Mortgage loans	16,705	19,028			16,705
Cash, cash equivalents and short-term investments	888	888	855	19	14
Contract loans	7,597	7,597			7,597
Derivatives, net	(166)	215	52	(1,095)	877
Securities lending reinvested collateral assets	2,828	2,828		2,828
Other invested assets ⁽¹⁾	1,643	1,692		1,496	147
Separate account assets	58,012	58,636	53,895	2,756	512	$849
Liabilities:
Liability for deposit-type contracts ⁽²⁾	17,856	18,503		13,138	4,718
Separate account liability for deposit-type contracts	5	5			5

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

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

37

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.

FAIR VALUE MEASUREMENT

The following methods and assumptions were used to estimate the fair value of these financial instruments as of December 31, 2023 and 2022:

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.

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5.

DERIVATIVE INSTRUMENTS

The Company primarily utilizes derivative instruments to manage its exposure to interest rate risk, foreign currency risk 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.

Market risk is the possibility that future changes in market conditions may make the derivative financial instrument less valuable. Credit risk is defined as the possibility that a loss may occur from the failure of another party to perform in accordance with the terms of the contract, which exceeds the value of existing collateral, if any. The Company mitigates these risks through established market and credit risk limits.

The following table summarizes the notional amount, net carrying value, and 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		Fair Value
	(In Millions)
December 31, 2023:
Equity call options	$26,853	$2,077		$2,077
Foreign currency swaps	8,807	197		136
Interest rate swaps	9,294	(696	)	(1,098	)
Equity total return swaps	160	(2	)	(2	)
Equity futures	3,129	36		36
Total	$48,243	$1,612		$1,149

December 31, 2022:
Equity call options	$24,922	$877		$877
Foreign currency swaps	6,290	151		151
Interest rate swaps	11,018	(865	)	(1,246	)
Equity total return swaps	136
Equity futures	3,657	52		52
Total	$46,023	$215		($166	)

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 $1.5 billion and $185 million as of December 31, 2023 and 2022, respectively. Cash collateral pledged to counterparties was $344 million and $682 million as of December 31, 2023 and 2022, respectively.

As of December 31, 2023 and 2022, the Company had also accepted collateral, consisting of various securities, with a fair value of $44 million and zero, respectively, which are held in separate custodial accounts. As of December 31, 2023 and 2022, none of this collateral had been repledged.

39

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. The Company pledged cash and assets to satisfy this collateral requirement. Cash pledged for initial margin was $36 million and $52 million as of December 31, 2023 and 2022, respectively. Assets pledged to satisfy this requirement for initial margin had a fair value of $118 million and $187 million as of December 31, 2023 and 2022, respectively.

As of December 31, 2023 and 2022, the Company provided collateral in the form of various securities with a carrying value of $1.0 billion and $1.4 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, 2023, 2022 and 2021, $841 million, $728 million and $554 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, 2023, 2022 and 2021, the Company recorded $30 million, $36 million and $15 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 39 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.

40

The Company utilizes 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 are as follows:

	Average Fair Value				Ending Fair Value
	Years Ended December 31,				as of December 31,
	2023		2022		2023		2022
					Asset	Liability	Asset	Liability
					(In Millions)
Equity call options	$236		$184		$349		$103
Equity total return swaps	(2	)	1			$2
Equity futures	44		79		36		52
Foreign currency swaps	232		210		297	121	271	$18
Interest rate swaps	(137	)	(228	)	29	150	39	181
Equity put options	1
Total	$374		$246		$711	$273	$465	$199

41

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

	Years Ended December 31,						Years Ended December 31,
	2023		2022		2021		2023		2022		2021
	Surplus						Net Realized Capital Gains (Losses)

	(In Millions)
Equity total return swaps	($2	)	$2		($2	)
Equity futures	(163	)	104		15		($201	)	$233		($416	)
Foreign currency swaps	(80	)	94		25				128		69
Interest rate swaps	(1	)	3		(165	)	(8	)	(1,100	)
Equity call options	250		(336	)	(36	)	164		132		769
Equity put options					(1	)
Total	$4		($133	)	($164	)	($45	)	($607	)	$422

For the years ended December 31, 2023, 2022 and 2021, net losses from periodic net settlements and amortization recorded in net investment income were $271 million, $188 million and $176 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 (In Millions):

Years Ending December 31:	Premium Payments Due ⁽¹⁾
2024	$282
2025	50
2026	49
2027	123
Thereafter	26
Total undiscounted future settled premium commitments	$530

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

	Years Ended December 31,
	2023	2022
	(In Millions)
Undiscounted future premium commitments	$530	$1,067
Equity call option fair value	697	774
Equity call option fair value excluding impact of discounted future settled premiums	697	774

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.

42

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, 2023.

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

Amortization Year	Deferred Assets	Deferred Liabilities
2024	$27
2025	27
2026	27
2027	27
2028 and thereafter	106
Total	$214	$—

The following table presents the rollforward of future amortization and total deferred balance (In Millions):

	December 31,
	2023		2022
Prior year total deferred balance	$328
Current year amortization	(38	)	($19	)
Current year deferred recognition	(76	)	347
Ending deferred balance	$214		$328

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

	December 31,
	2023		2022
Total derivative fair value change	$7		($26	)
Change in fair value reflected as a deferred asset/liability under SSAP No. 108	(4	)	24
Unrealized gain/loss recognized for derivative under SSAP No. 86	$3		($2	)

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

	December 31,
	2023	2022
Total derivative fair value change	$6	($271	)
Unrealized gain/loss recognized prior to reclassification to SSAP No. 108		43
Fair value changes available for applicants under SSAP No. 108	$6	($228	)

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.

43

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, 2023 and 2022, 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, 2023, 2022 and 2021. The Company does not expect any counterparties to fail to meet their obligations given their investment-grade ratings.

44

6.

INCOME TAXES

The components of net admitted deferred tax assets are as follows:

	December 31, 2023			December 31, 2022
	Ordinary	Capital	Total	Ordinary	Capital	Total
		(In Millions)			(In Millions)
Gross deferred tax assets	$1,676	$81	$1,757	$1,118	$106	$1,224
Statutory valuation allowance adjustment
Adjusted gross deferred tax assets	1,676	81	1,757	1,118	106	1,224
Deferred tax assets nonadmitted	337		337	435		435
Net admitted deferred tax asset	1,339	81	1,420	683	106	789
Deferred tax liabilities	125	549	674	132	$323	455
Net admitted deferred tax asset (net deferred tax liability)	$1,214	($468)	$746	$551	($217)	$334
				Change during 2023
				Ordinary	Capital	Total
					(In Millions)
Gross deferred tax assets				$558	($25)	$533
Statutory valuation allowance adjustment
Adjusted gross deferred tax assets				558	(25)	533
Deferred tax assets nonadmitted				(98)		(98)
Net admitted deferred tax asset				656	(25)	631
Deferred tax liabilities				(7)	226	219
Net admitted deferred tax asset (net deferred tax liability)				$663	($251)	$412

45

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

	December 31, 2023			December 31, 2022
	Ordinary	Capital	Total	Ordinary	Capital	Total
	(In Millions)			(In Millions)
Federal income taxes paid in prior years recoverable through loss carrybacks
Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation	$746		$746	$334		$334
Adjusted gross deferred tax assets expected to be realized following the balance sheet date	746		746	334		334
Adjusted gross deferred tax assets allowed per limitation threshold			1,656			1,703
Adjusted gross deferred tax assets offset by gross deferred tax liabilities	125	$549	674	132	$323	455
Deferred tax assets admitted as the result of application of SSAP No. 101	$871	$549	$1,420	$466	$323	$789

	Change during 2023
	Ordinary	Capital	Total
	(In Millions)

Federal income taxes paid in prior years recoverable through loss carrybacks	$—		$—
Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation	412		412
Adjusted gross deferred tax assets expected to be realized following the balance sheet date	412		412
Adjusted gross deferred tax assets allowed per limitation threshold			(47)
Adjusted gross deferred tax assets offset by gross deferred tax liabilities	(7)	$226	219
Deferred tax assets admitted as the result of application of SSAP No. 101	$405	$226	$631

The ratio percentage and adjusted capital and surplus used to determine recovery period and threshold limitation are as follows ($ In Millions):

	December 31,
	2023	2022
Ratio percentage used to determine recovery period and threshold limitation amount	1,017%	973%
Amount of adjusted capital and surplus used to determine recovery period and threshold limitation	$11,037	$11,357

46

The impacts of tax planning strategies as of December 31, 2023 and 2022 are as follows ($ In Millions):

	December 31, 2023
	Ordinary	Capital
Adjusted gross deferred tax assets	$1,676	$81
Percent of total adjusted gross deferred tax assets	0%	0%
Net admitted adjusted gross deferred tax assets	$1,339	$81
Percent of total net admitted adjusted gross deferred tax assets	0%	0%
	December 31, 2022
	Ordinary	Capital
Adjusted gross deferred tax assets	$1,118	$106
Percent of total adjusted gross deferred tax assets	0%	0%
Net admitted adjusted gross deferred tax assets	$683	$106
Percent of total net admitted adjusted gross deferred tax assets	0%	0%

The Company's tax planning strategies do not include the use of reinsurance as of December 31, 2023 and 2022.

Federal income taxes are as follows:

	Years Ended December 31,			Change	Change
	2023	2022	2021	2023-2022	2022-2021
	(In Millions)
Federal income tax expense (benefit)	($26)	$9	$210	($35)	($201)
Federal income taxes on net capital gains (loss)	57	22	(7)	35	29
Other	5			5	—
Federal income tax expense (benefit)	$36	$31	$203	$5	($172)

47

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows.

	December 31,
Deferred tax assets:	2023	2022	Change
Ordinary:	(In Millions)
Policyholder reserves	$753	$486	$267
Deferred acquisition costs	549	501	48
Tax credit carryforward	255	34	221
Compensation and benefits accrual	74	72	2
Fixed assets	32	11	21
Policyholder dividend accruals	2	2
Other	11	12	(1)
Total	1,676	1,118	558
Statutory valuation allowance adjustment
Nonadmitted	337	435	(98)
Admitted ordinary deferred tax assets	1,339	683	656
Capital:
Investments	81	106	(25)
Admitted capital deferred tax assets	81	106	(25)

Admitted deferred tax assets	1,420	789	631
Deferred tax liabilities:
Ordinary:
Investments	118	126	(8)
Fixed assets			—
Other	7	6	1
Total deferred tax liabilities	125	132	(7)
Capital:
Investments	549	323	226
Total	549	323	226
Deferred tax liabilities	674	455	219
Net admitted deferred tax assets	$746	$334	$412

48

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

	December 31,
	2023	2022	Change
	(In Millions)
Total deferred tax assets	$1,756	$1,224	$532
Total deferred tax liabilities	674	455	219
Net deferred tax asset	$1,082	$769	313
Tax effect of unrealized activities			2
Change in net deferred income tax			315
Solar energy tax credits not reflected in change in net deferred income tax			(221)
Change in net operating deferred income tax			$94

Federal income tax expense (benefit) is different from that which would be obtained 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,
	2023	2022	2021
		(In Millions)
Provision computed at statutory rate	$1	$11	$225
Tax impact from affiliates	(3)	19	41
Benefit of NOL carryback under CARES Act			(18)
Tax impact from surplus activities	(20)	(13)
Foreign tax reclaims	5
Prior year tax adjustments	(8)
Tax credits	(18)	(17)	(21)
Taxes allocated under tax sharing agreement	(19)	(23)	(24)
Dividend received deduction	(26)	(31)	(33)
Tax impact from derivative gains (losses) from surplus	46	(112)	(43)
Other	(16)	(7)	(12)
Total statutory income tax	($58)	($173)	$115
Federal income tax expense (benefit)	$36	$31	$203
Change in net deferred income taxes	(94)	(204)	(88)
Total statutory income tax	($58)	($173)	$115

49

The Company has no low income housing and foreign tax credit carryforwards. The Company has a $255 million solar tax credit that originated in 2023 and will expire in 2043. The Company had no Alternative Minimum Tax credit carryforward. The Company had no adjustments of deferred tax assets (DTAs) and deferred tax liabilities (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 estimated Federal income taxes in the current and prior years that will be available for recoupment in the event of future net losses (In Millions):

	Ordinary	Capital
2023 estimated
2022		$29
2021		79

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, 2023.

The Company's policy is to recognize interest expense and penalties related to tax contingencies as a component of Federal and foreign income taxes. During the years ended December 31, 2023, 2022 and 2021, the Company paid an immaterial amount of interest and penalties to state tax authorities.

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 2018. In Q4 2023, the Company was notified that the exam for tax years ended December 31, 2019, 2020, and 2021 would commence in January 2024. 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 a nonapplicable reporting entity as the consolidated group of corporations of which the Company is a member does not expect to be subject to the CAMT in 2023. The Company expects to be subject to the CAMT after 2023; however, the Company has not determined if it expects to be liable for the CAMT. Accordingly, the year ended December 31, 2023 financial statements - statutory basis do not include an estimated impact of the CAMT.

7.

BORROWED MONEY

The Company maintains a commercial paper program with available borrowings up to $1.0 billion and $700 million as of December 31, 2023 and December 31, 2022, respectively. There was no commercial paper debt outstanding as of December 31, 2023 and 2022. 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, 2023 and 2022. The revolving credit facility has certain debt covenants and the Company was in compliance with those debt covenants as of December 31, 2023.

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, 2023 and 2022.

50

The Company is a member of the 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 $6.0 billion and $3.5 billion as of December 31, 2023 and 2022, 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, 2023 and 2022.

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:

	Fair Value	Carrying Value	Aggregate Total Borrowing	Fair Value	Carrying Value	Aggregate Total Borrowing
	December 31, 2023			December 31, 2022
	(In Millions)
General Account: ⁽¹⁾
Total collateral pledged	$8,193	$9,271	$1,424	$4,747	$5,289	$1,342
Maximum collateral pledged	8,193	9,271	1,424	4,758	5,299	1,556

⁽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 as of December 31, 2023 and 2022 is as follows (In Millions):

	General Account	Funding Agreement Reserves Established	General Account	Funding Agreement Reserves Established
	December 31, 2023		December 31, 2022
Debt
Funding agreements	$1,424	$1,429	$1,342	$1,347
Total	$1,424	$1,429	$1,342	$1,347

The maximum borrowing from FHLB during the years ended December 31, 2023 and 2022 is as follows (In Millions):

	General Account
	Years Ended December 31,
	2023	2022
Debt	$540	$887
Funding agreements	1,457	1,386
Total	$1,997	$2,273

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.

51

The Company is required to purchase stock in FHLB of Topeka each time it receives an advance. As of December 31, 2023 and 2022, the Company held $66 million and $62 million, respectively, of 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.

8.

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 2023 statutory results, the Company could pay up to $746 million in dividends in 2024 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, 2023 and 2022. During the year ended December 31, 2021, the Company paid an ordinary dividend in the form of cash and bonds to Pacific LifeCorp of $450 million.

UNASSIGNED SURPLUS

The portion of unassigned surplus represented by cumulative unrealized gains, net, as of December 31, 2023 and 2022 was $682 million and $590 million, respectively.

SURPLUS NOTES

The carrying values of surplus notes are shown below:

	December 31,
	2023	2022
	(In Millions)
1993 Surplus Notes		$134
2009 Surplus Notes	$300	300
2013 Surplus Note	406	405
2017 Surplus Notes	749	749
Total surplus notes	$1,455	$1,588

1993 Surplus Notes:

In December 1993, the Company issued Contribution Certificates, also referred to as surplus notes (1993 Surplus Notes) in the principal amount of $150 million for net cash proceeds of approximately $147 million at an interest rate of 7.90% December 2023. Interest was payable semiannually on June 30 and December 30. Prior to the maturity of these surplus notes, total interest and principal paid on a cumulative basis was $352 million and $150 million, respectively, as of December 31, 2023. Interest paid on the 1993 Surplus Notes amounted to $11 million for the years ended December 31, 2023, 2022 and 2021 respectively, and is included in net investment income. Prior to the maturity of these surplus notes, there was zero principal paid during the years ended December 31, 2022 and 2021. In December 2023, with the approval of the NE DOI, the Company repaid the full $134 million. The Company had entered into interest rate swaps converting these surplus notes to variable rate notes based upon the London Interbank Offered Rate (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 were amortized as a reduction of interest expense over the life of the surplus notes using the effective interest method. As of December 31, 2023, all deferred gains were amortized into income. Amortization totaled $5 million for the years ended December 31, 2023, 2022 and 2021.

52

The 1993 Surplus Notes were issued pursuant to Rule 144A under the Securities Act of 1933, underwritten by Merrill Lynch & Co., Goldman Sachs & Co., and J.P. Morgan Securities, Inc., and were administered by JPMorgan Chase Bank.

2009 Surplus Notes:

In June 2009, the Company issued $1 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, 2023. Interest paid on the 2009 Surplus Notes amounted to $28 million, $63 million and $36 million for the years ended December 31, 2023, 2022 and 2021, respectively, and is included in net investment income. During the year ended December 31, 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. There was no principal paid during the year ended December 31, 2021. 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, 2023, total unamortized gains were $84 million. Amortization totaled $3 million for the years ended December 31, 2023, 2022 and 2021, respectively.

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 $242 million and $90 million, respectively, as of December 31, 2023. Interest paid on the 2013 Surplus Note amounted to $21 million, $20 million and $21 million for the years ended December 31, 2023, 2022 and 2021, respectively, and is included in net investment income. There was no principal paid during the years ended December 31, 2023, 2022 and 2021.

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 $193 million and zero, respectively, as of December 31, 2023. Interest paid on the 2017 Surplus Notes amounted to $32 million for the years ended December 31, 2023, 2022 and 2021, and is included in net investment income. There was no principal paid during the years ended December 31, 2023, 2022 and 2021.

53

The 2017 Surplus Notes were issued pursuant to Rule 144A under the Securities Act of 1933, 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.

9.

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, 2023, 2022 and 2021, premiums assumed were $1.0 billion, $1.2 billion and $2.5 billion, and premiums ceded were $12.7 billion, $2.6 billion and $1.8 billion, respectively. As of December 31, 2023 and 2022, reserve credits recorded on ceded reinsurance were $17.1 billion and $5.7 billion, respectively.

Amounts recoverable from reinsurers on paid losses, included in other assets, were $355 million and $194 million as of December 31, 2023 and 2022, respectively. Reinsurance recoveries for unpaid losses, included in other liabilities, totaled $334 million and $387 million as of December 31, 2023 and 2022, 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, 2023, the Company wrote off $39 million of claims incurred and $3 million of other for uncollectible reinsurance 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, 2023. As of December 31, 2023, 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, 2023.

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

54

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 $423 million, $423 million and $371 million for the years ended December 31, 2023, 2022 and 2021, respectively. Direct premiums written or produced by this producer group amounted to $409 million, $319 million and $146 million for the years ended December 31, 2023, 2022 and 2021, respectively.

The estimated amount of the aggregate reduction in surplus of termination of all reinsurance agreements, by either party, was $2.3 billion and $2.7 billion as of December 31, 2023 and 2022, respectively. On September 15, 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 $11.3 billion as of December 31, 2023.

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 1, 2023, the Company entered into an agreement with Security Life of Denver Insurance Company (SLD) 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, 2023 and 2022, the Company’s total statutory reserve credit was $3.6 billion and $3.4 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 (Vermont Department). 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 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.

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 $2.7 billion and $2.1 billion as of December 31, 2023 and 2022, respectively.

The Company executed a single reinsurance agreement subject to the requirements of NAIC Actuarial Guideline 48. The reinsurance agreement with PBRC 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. As of December 31, 2023 and 2022, the Company did not have any non-zero Primary Security Shortfalls.

55

The Company has policies issued that have been reinsured by Union Hamilton Reinsurance, Ltd., which is chartered in a country other than the U.S. that is owned in excess of 10% by a person not primarily engaged in the insurance business. Union Hamilton Reinsurance, Ltd., a Bermuda based subsidiary, which is wholly-owned by 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, 2023 and 2022, the benefit obligation and total liability recognized were $80 million. The accrued benefit costs were $64 million and $62 million and the liability for pension benefits was $16 million and $18 million as of December 31, 2023 and 2022, respectively. The fair value of plan assets as of December 31, 2023 and 2022 was zero.

The following is a summary of pension benefits as of December 31, 2023 and 2022:

	Years Ended December 31,
	2023	2022	2021
	(In Millions)

Total net periodic benefit cost	$14	$8	$9

	December 31,
	2023	2022
	(In Millions)
Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost:
Net prior service cost	$1	$1
Net recognized gains or losses	$16	$17

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Weighted average assumptions are as follows:

	Years Ended December 31,
Net Periodic Benefit Costs:	2023	2022	2021
Weighted average discount rate	5.30%	2.55%	2.05%
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%	2.75%	2.40%

	December 31,
	2023	2022
Projected Benefit Obligations:
Weighted average discount rate	5.65%	5.30%
Interest crediting rates/Pre-1994 RRA subsidy increase (for cash balance plan and other plans with promised interest crediting rates)	5.45%	5.00%

The following estimated future payments, which reflect expected future service, as appropriate, are expected to be paid for the pension and postretirement plans for the years ending December 31 (In Millions):

2024	2025	2026	2027	2028	2029 through 2033
$6	$7	$7	$8	$8	$47

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, 2023 and 2022, the benefit obligation and total liability recognized were $3 million and $4 million, respectively. The accrued benefit costs were $5 million and $6 million and the liability for pension benefits was ($2) million as of December 31, 2023 and 2022. The fair value of the plan assets as of December 31, 2023 and 2022 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 75% of each employee’s contribution, up to a maximum of 6% of eligible employee compensation. The Company’s match plus other contributions made by the Company to the RISP amounted to $51 million, $47 million and $41 million for the years ended December 31, 2023, 2022 and 2021, 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, 2023 and 2022, the deferred amounts were $166 million and $145 million, respectively. The plan was credited $11 million, $9 million and $6 million for the years ended December 31, 2023, 2022 and 2021, respectively.

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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, 2023 and 2022, the Company had $15.6 billion and $18.0 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 are as follows:

	Ordinary		Group		Ordinary		Group
	Life Insurance	Individual Annuities	Annuities	Total	Life Insurance	Individual Annuities	Annuities	Total
	December 31,
	2023				2022
	(In Millions)
Includes the change of separate account fair value, surrender or alternative comparison values, partial withdrawals, changes in deficiency reserves, change in CRVM expense allowances and changes in additional actuarial reserves for AGXXXVIII	$426	$10	$98	$534	$270	($27)	($166)	$77

As of December 31, 2023 and 2022, there were $14 million and $15 million, respectively, in aggregate reserves for accident and health contracts. There were no significant changes in methodology or assumptions of the reserves during the year ended December 31, 2023.

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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, 2023
	General	Separate Account		% of
	Account	Nonguaranteed	Total	Total
		($ In Millions)
Subject to discretionary withdrawal:
With market value adjustment	$17,390		$17,390	21%
At book value less current surrender charge of 5% or more ⁽¹⁾	2,092		2,092	3%
At fair value		$46,795	46,795	56%
Total with market value adjustment or at fair value	19,482	46,795	66,277	80%
At book value without adjustment	10,263		10,263	12%
Not subject to discretionary withdrawal	6,942	2	6,944	8%
Total (gross: direct + assumed)	36,687	46,797	83,484	100%
Reinsurance ceded	1,766		1,766
Total (net)	$34,921	$46,797	$81,718

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:	$310	$310

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

Group Annuities:	December 31, 2023
	General Account	Separate Account With Guarantees	Total	% of Total
		($ In Millions)
Subject to discretionary withdrawal:
With market value adjustment
Not subject to discretionary withdrawal	7,966	$6,432	$14,398	100%
Total (gross: direct + assumed)	7,966	6,432	14,398	100%
Reinsurance ceded
Total (net)	$7,966	$6,432	$14,398

59

Deposit-type Contracts:	December 31, 2023
	General Account	Separate Account Nonguaranteed	Total	% of Total
		($ In Millions)
Subject to discretionary withdrawal:
With market value adjustment	$153		$153	1%
At fair value		$6	6
Total with market value adjustment or at fair value	153	6	159	1%
At book value without adjustment	3,957		3,957	18%
Not subject to discretionary withdrawal	17,895		17,895	81%
Total (gross: direct + assumed)	22,005	6	22,011	100%
Reinsurance ceded
Total (net)	$22,005	$6	$22,011

Total Individual and Group Annuities and Deposit-type Contracts:	December 31, 2023
	General Account	Separate Account With Guarantees	Separate Account Nonguaranteed	Total	% of 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

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Total Individual and Group Annuities and Deposit-type Contracts:	December 31, 2022
	General Account	Separate Account With Guarantees	Separate Account Nonguaranteed	Total	% of Total
		($ In Millions)
Subject to discretionary withdrawal:
With market value adjustment	$15,932			$15,932	15%
At book value less current surrender charge of 5% or more ⁽¹⁾	1,510			1,510	1%
At fair value			$43,889	43,889	40%
Total with market value adjustment or at fair value	17,442		43,889	61,331	56%
At book value without adjustment	14,170			14,170	13%
Not subject to discretionary withdrawal	29,207	$4,364	2	33,573	31%
Total (gross: direct + assumed)	60,819	4,364	43,891	109,074	100%
Reinsurance ceded	1,572			1,572
Total (net)	$59,247	$4,364	$43,891	$107,502

⁽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,
	2023	2022
	(In Millions)
Annual Statement:
Annuities	$42,884	$40,659
Supplementary contracts with life contingencies	3	3
Deposit-type contracts and funding agreements	22,005	18,585
Subtotal	64,892	59,247

Separate Accounts Annual Statement:
Annuities	53,229	48,251
Other contract deposit funds	6	4
Subtotal	53,235	48,255

Combined total	$118,127	$107,502

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13.

ANALYSIS OF LIFE ACTUARIAL RESERVES BY WITHDRAWAL CHARACTERISTICS

The tables below describe withdrawal characteristics of life actuarial reserves as of December 31, 2023 and 2022:

December 31, 2023	General Account			Separate Account - Nonguaranteed
	Account Value	Cash Value	Reserve	Account Value	Cash 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.

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December 31, 2022	General Account			Separate Account - Nonguaranteed
	Account Value	Cash Value	Reserve	Account Value	Cash Value	Reserve
	(In Millions)
Subject to discretionary withdrawal, surrender values, or contract loans:
Universal life	$2,758	$3,242	$3,327
Universal life with secondary guarantees	5,548	5,516	8,418
Indexed universal life	71	42	46
Indexed universal life with secondary guarantees	14,376	13,675	14,214
Other permanent cash value life insurance	9,932	10,693	11,034
Variable universal life	3,752	3,728	3,858	$9,815	$9,678	$9,671
Miscellaneous reserves	2	2	7
Not subject to discretionary withdrawal or no cash values:
Term policies without cash value			1,116
Disability - active lives ⁽¹⁾			10
Disability - disabled lives			14
Miscellaneous reserves			879
Total (direct + assumed)	36,439	36,898	42,923	9,815	9,678	9,671
Reinsurance ceded			4,140
Total (net)	$36,439	$36,898	$38,783	$9,815	$9,678	$9,671

⁽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 and separate accounts annual statements.

	December 31,
	2023	2022
Annual Statement:	(In Millions)
Life insurance section	$28,357	$37,723
Disability - active lives section	663	624
Disability - disabled lives section	11	10
Miscellaneous reserves section	414	426
Subtotal	29,445	38,783

Separate Accounts Annual Statement:
Life insurance section	11,811	9,671
Combined total	$41,256	$48,454

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14.

PREMIUM AND ANNUITY CONSIDERATIONS DEFERRED AND UNCOLLECTED

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

	December 31, 2023		December 31, 2022
	Gross	Net of Loading	Gross	Net of Loading
		(In Millions)
Ordinary new business	$2	($27)	$2	($17)
Ordinary renewal	110	107	171	168
Group annuity	51	51	42	42
Total	$163	$131	$215	$193

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 $25 million, $24 million and $22 million for the years ended December 31, 2023, 2022 and 2021, respectively.

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

	December 31,
	2023	2022
	(In Millions)
EDP equipment	$37	$38
Non-operating system software	348	298
Total	385	336
Accumulated depreciation and amortization	244	231
Net	141	105
Nonadmitted	131	94
Net admitted	$10	$11

16.

SEPARATE ACCOUNTS

The Company utilizes Separate Accounts 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 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.

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As of December 31, 2023 and 2022, the Company’s Separate Accounts Annual Statement included legally insulated assets of $65.6 billion and $58.6 billion, respectively. The assets legally insulated and not legally insulated from the general account as of December 31, 2023 are attributed to the following products (In Millions):

Product	Separate Account Assets Legally Insulated	Separate Account Assets Not Legally Insulated
Variable annuities	$47,633
Variable universal life	11,985
Group annuities	5,958
Total	$65,576	$—

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, 2023, 2022, 2021, 2020, and 2019 of $355 million, $352 million, $347 million, $300 million, and $293 million, respectively.

For the years ended December 31, 2023, 2022, 2021, 2020, and 2019, the General Account of the Company had paid $31 million, $35 million, $10 million, $15 million, and $14 million, respectively, toward the Separate Account guarantees.

The Company does not engage in securities lending transactions within the Separate Account.

The Company has Separate Accounts with guarantees comprised of the group annuities business where the General Account guarantees annuity payments if the Separate Accounts 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 where the assets of these accounts are carried at fair value.

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 (In Millions):

December 31, 2023			December 31, 2022
Assets Held At Amortized Cost	Fair Value	Unrecorded Unrealized Gain (Loss)	Assets Held At Amortized Cost	Fair Value	Unrecorded Unrealized Gain (Loss)
(In Millions)
$5,957	$5,526	($431)	$4,052	$3,428	($624)

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Information regarding the separate accounts 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
	Years Ended December 31,
	2023				2022
	(In Millions)
Premiums, considerations or deposits	($4)	$2,064	$3,827	$5,886	$632	$885	$3,991	$5,508

	December 31,
	2023				2022
Reserves for accounts with assets at:	(In Millions)
Fair value			$58,613	$58,613			$53,562	$53,562
Amortized cost	$3,204	$3,228		6,432	$3,394	$970		4,364
Total reserves	$3,204	$3,228	$58,613	$65,045	$3,394	$970	$53,562	$57,926

Reserves by withdrawal characteristics: Subject to discretionary withdrawal at fair value			$58,611	$58,611			$53,560	$53,560
Not subject to discretionary withdrawal	$3,204	$3,228	2	6,434	$3,394	$970	2	4,366
Total	$3,204	$3,228	$58,613	$65,045	$3,394	$970	$53,562	$57,926

	Years Ended December 31,
	2023	2022	2021
	(In Millions)
Transfers as reported in the summary of operations - statutory basis of the Separate Accounts Annual Statement:
Transfers to separate accounts	$5,884	$5,507	$6,937
Transfers from separate accounts	5,928	5,307	6,593
Net transfers from separate accounts	(44)	200	344
Reconciling adjustments:
Net lag loss for annuities in general account only	(1)	(1)	(1)
Transfers as reported in current and future policy benefits in the accompanying statements of operations - statutory basis	($45)	$199	$343

17.

COMMITMENTS AND CONTINGENCIES

As of December 31, 2023, the Company had $1.7 billion and $13 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, 2023, the Company had $5.5 billion of commitments to fund investments in SCA entities, joint ventures, partnerships and limited liability companies.

66

As of December 31, 2023, the Company had $962 million and $37 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, 2023. 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. There were no borrowings outstanding under the facility as of December 31, 2023 and 2022.

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, $19 million and $19 million for the years ended December 31, 2023, 2022 and 2021, 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, 2023, 2022 and 2021.

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 $12 million, $12 million and $12 million for the years ended December 31, 2023, 2022 and 2021, respectively. Aggregate minimum future commitments are as follows (In Millions):

	Year Ending December 31:
	2024	$12
	2025	11
	2026	7
	2027	7
	2028 and thereafter	5
	Total	$42

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. Effective January 1, 2023, the Company no longer provides guarantees for the performance of certain obligations of Pacific Life Re Limited. Management believes that additional obligations, if any, related to the guarantee agreements are not likely to have a material adverse impact 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.

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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, 2023 and 2022, the estimated liability was $4 million and $2 million, respectively. As of December 31, 2023 and 2022, the related premium tax receivable was $3 million and $2 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.

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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 3

(In Millions)

Investment Income Earned
U.S. Government bonds	$26
Bonds exempt from U.S. tax
Other bonds (unaffiliated)	3,339
Bonds of affiliates
Preferred stocks (unaffiliated)
Preferred stocks of affiliates
Common stocks (unaffiliated)	9
Common stocks of affiliates	3
Mortgage loans	896
Real estate	39
Contract loans	358
Cash, cash equivalents and short-term investments	78
Derivative instruments	(1,192)
Other invested assets	521
Aggregate write-ins for investment income	9
Gross Investment Income	$4,086

Real Estate Owned - Book Value Less Encumbrances	$120

Mortgage Loans - Book Value:
Farm mortgages	$969
Residential mortgages	232
Commercial mortgages	17,340
Mezzanine	107
Total Mortgage Loans	$18,648

Mortgage Loans By Standing - Book Value:
Good standing	$18,260
Good standing with restructured terms	$301
Interest overdue more than 90 days, not in foreclosure	$10
Foreclosure in process	$77

Other Long-Term Assets - Carrying Value	$10,257
Bonds and Stocks of Parents, Subsidiaries and Affiliates - Carrying Value:
Bonds
Preferred stocks
Common stocks	$892

69

Bonds and Short-Term Investments by NAIC Designation and Maturity:
Bonds by Maturity - Statement Value:
Due within one year or less	$5,736
Over 1 year through 5 years	29,264
Over 5 years through 10 years	20,407
Over 10 years through 20 years	9,434
Over 20 years	12,158
No maturity date
Total by Maturity	$76,999

Bonds by NAIC Designation - Statement Value: NAIC 1	$35,927
NAIC 2	36,778
NAIC 3	3,445
NAIC 4	734
NAIC 5	87
NAIC 6	28
Total by NAIC Designation	$76,999

Total Bonds Publicly Traded	$34,020
Total Bonds Privately Traded	$42,979
Preferred Stocks - Statement Value	$1
Common Stocks - Unaffiliated - Fair Value	$116
Common Stocks - Affiliated - Fair Value	$26
Common Stocks - Subsidiaries - Statement Value	$866
Short-term Investments - Carrying Value	$77
Options, Caps & Floors Owned - Statement Value	$2,077
Options, Caps & Floors Written and In Force - Statement Value
Collar, Swap & Forward Agreements Open - Statement Value	($501)
Futures Contracts Open - Current Value	$152
Cash Equivalents	$1,688
Cash on Deposit	$1,253

Life Insurance In Force:
Industrial
Ordinary	$542,428
Credit Life
Group Life	$14

Amount of Accidental Death Insurance In Force Under Ordinary Policies	$44

Life Insurance Policies with Disability Provisions In Force:
Industrial
Ordinary	$16,548
Credit Life

70

Supplementary Contracts In Force:
Ordinary - Not Involving Life Contingencies
Amount on Deposit	$17
Income Payable	$1
Ordinary - Involving Life Contingencies
Income Payable
Group - Not Involving Life Contingencies
Amount on Deposit
Income Payable
Group - Involving Life Contingencies
Income Payable

Annuities:
Ordinary
Immediate - Amount of Income Payable	$1,047
Deferred - Fully Paid Account Balance	$27,029
Deferred - Not Fully Paid - Account Balance	$60

Group
Amount of Income Payable	$1,035
Fully Paid Account Balance
Not Fully Paid - Account Balance

Accident and Health Insurance - Premiums In Force:
Other	$8
Group
Credit

Deposit Funds and Dividend Accumulations:
Deposit Funds - Account Balance	$21,964
Dividend Accumulations - Account Balance	$23

71

Claim Payments 2023:
Group Accident and Health - Year Ended December 31, 2023 2023
2022
2021
2020
2019
Prior

Other Accident and Health
2023	$8
2022
2021
2020
2019
Prior

Other Coverages that Use Developmental Methods to Calculate Claim Reserves 2023
2022
2021
2020
2019
Prior

72

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 3

($ In Millions)

	Gross Investment Holdings *		Admitted Assets as Reported in the Annual Statement
	Amount	Percentage	Amount	Securities Lending Reinvested Collateral Amount	Total	Percentage
Long-term bonds:
U.S. Governments	$804	0.647%	$804		$804	0.649%
All other governments	663	0.534%	663		663	0.535%
U.S. states, territories, and possessions, etc., guaranteed	102	0.082%	102		102	0.082%
U.S. political subdivisions of states, territories, and possessions, guaranteed	203	0.163%	203		203	0.164%
U.S. special revenue and special assessment obligations, etc., non-guaranteed	2,312	1.861%	2,312		2,312	1.866%
Industrial and miscellaneous	70,580	56.793%	70,580		70,580	56.957%
Hybrid securities	33	0.026%	33		33	0.026%
Unaffiliated bank loans	2,224	1.790%	2,224		2,224	1.795%
Total long-term bonds	76,921	61.896%	76,921	—	76,921	62.074%

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)	68	0.053%	66		66	0.053%
Parent, subsidiaries and affiliates publicly traded	23	0.018%	23		23	0.018%
Parent, subsidiaries and affiliates other	866	0.699%	547		547	0.442%
Mutual funds	51	0.041%	51		51	0.041%
Total common stocks	1,008	0.811%	687	—	687	0.554%

(Continued)

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

73

Separate Account A of Pacific Life Insurance Co. – ‘N-VPFS’ for 12/31/23

On: Tuesday, 4/9/24, at 1:48pm ET · Effective: 4/9/24 · For: 12/31/23 · Accession #: 1104659-24-45162 · File #: 811-08946

Previous ‘N-VPFS’: ‘N-VPFS/A’ on 4/12/23 for 12/31/22 · Latest ‘N-VPFS’: This Filing · 31 References:

Financial Statements of a Variable Annuity/Life Contract — Form N-VPFS — ICA’40

Filing Table of Contents

This is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

31 Subsequent Filings that Reference this Filing

		Percentage of Total
	(In Millions)	Admitted Assets
Commercial loan (Mortgage Loan)	$639	0.5%
Commercial loan (Mortgage Loan)	585	0.5%
Commercial loan (Mortgage Loan)	550	0.4%
Commercial loan (Mortgage Loan)	546	0.4%
Pacific Life & Annuity Company (Common Stock) (Subsidiary)	545	0.4%
Commercial loan (Mortgage Loan)	474	0.4%
Commercial loan (Mortgage Loan)	459	0.4%
Commercial loan (Mortgage Loan)	440	0.3%
Commercial loan (Mortgage Loan)	407	0.3%
Commercial loan (Mortgage Loan)	382	0.3%

	(In Millions)	Percentage of Total Admitted Assets		(In Millions)	Percentage of Total Admitted Assets
Bonds:			Preferred Stock:
NAIC 1	$35,927	28.1%	NAIC 1
NAIC 2	36,778	28.8%	NAIC 2
NAIC 3	3,445	2.7%	NAIC 3
NAIC 4	734	0.6%	NAIC 4
NAIC 5	87	0.1%	NAIC 5
NAIC 6	28	0.0%	NAIC 6	$1	0.0%

	(In Millions)	Percentage of Total Admitted Assets
Countries designated NAIC 1	$19,396	15.2%
Countries designated NAIC 2	1,536	1.2%
Countries designated NAIC 3 or below	539	0.4%

NAIC Designation	Issuer	(In Millions)	Percentage of Total Admitted Assets
1.G FE/2.A FE/2.C FE	BNP Paribas	$278	0.2%
1.G FE	Anheuser-Busch Companies Inc	222	0.2%
1.E FE/2.A FE/2.B FE	Groupe BPCE	214	0.2%
1.E FE/2.A FE	Barclays Bank PLC	205	0.2%
1.E FE/1.G FE	UBS A.G.	193	0.2%
1.D FE/1.G FE/2.A FE	Credit Agricole SA/London	184	0.1%
2.B FE/2.C FE	Societe Generale	170	0.1%
1.G FE/2.A FE/2.C FE	HSBC Holdings PLC	158	0.1%
1.E FE/1.G FE/2.A FE	Lloyds TSB Bank Group PLC	155	0.1%
1.E FE/1.G FE	Mitsubishi UFJ Financial Group	153	0.1%

	Total Invested	Diversified
Fund Manager	(In Millions)
Aristotle	$268	$268
Carbon VII GP LLC	109	109
Manulife Investment Management	90	90
CRSEF Lux GP. S.A.R.L.	77	77
Avanath AH Renaissance GP LLC	73	73
Montana Capital Partners AG	71	71
Brookfield Real Estate Finance Fund VI GP	68	68
Churchill Stateside	66	66
Astorg Asset Management, S.A R.L.	65	65
OPEP VIII General Partner, L.P.	65	65

Type (Residential, Commercial, Agricultural)	(In Millions)	Percentage of Total Admitted Assets
Commercial loan	$550	0.4%
Commercial loan	459	0.4%
Commercial loan	407	0.3%
Commercial loan	375	0.3%
Commercial loan	360	0.3%
Commercial loan	345	0.3%
Commercial loan	335	0.3%
Commercial loan	333	0.3%
Commercial loan	332	0.3%
Commercial loan	332	0.3%

	(In Millions)	Percentage of Total Admitted Assets
Construction loans	$3,264	2.6%
Mortgage loans over 90 days past due	10	0.0%
Mortgage loans in the process of foreclosure	77	0.1%
Mortgage loans foreclosed	30	0.0%
Restructured mortgage loans	301	0.2%

		Percentage
	December 31,	of Total	As of Each Quarter End
	2023	Admitted Assets	1st Quarter	2nd Quarter	3rd Quarter
Securities lending agreements	$3,096	2.4%	$4,190	$4,167	$3,962

This ‘N-VPFS’ Filing	Date	Other Filings

	1/1/26
	12/31/25
	3/31/25
	1/1/25
	12/31/24
Filed on / Effective on:	4/9/24
	3/19/24	24F-2NT
	2/28/24
For Period end:	12/31/23	24F-2NT, N-CEN
	9/30/23
	9/18/23
	9/15/23
	8/17/23	497, 497VPI, 497VPU
	6/20/23
	5/26/23	497, 497VPI, 497VPU
	5/24/23
	5/18/23
	5/1/23	485BPOS, 497, 497VPI, 497VPU
	4/27/23
	4/25/23
	4/21/23	485BPOS
	4/17/23	485BPOS
	4/1/23
	3/31/23	485BXT
	3/13/23	AW
	2/6/23
	1/6/23
	1/1/23
	12/31/22	24F-2NT, N-30B-2, N-CEN, N-VPFS, N-VPFS/A
	12/27/22
	12/7/22
	9/28/22
	9/20/22
	9/16/22
	9/2/22
	8/16/22
	8/15/22	497, 497VPI, 497VPU
	7/1/22
	6/14/22
	5/13/22	485APOS, CORRESP
	5/6/22
	4/22/22	485BPOS
	4/14/22
	4/6/22
	4/1/22
	3/25/22
	3/14/22	N-CEN
	3/9/22
	3/7/22
	1/28/22
	1/24/22
	1/13/22
	1/5/22
	1/3/22
	1/1/22
	12/31/21	24F-2NT, N-30B-2, N-CEN
	12/30/21
	12/7/21
	11/16/21
	11/11/21
	11/10/21
	11/3/21
	11/2/21
	10/28/21
	10/19/21
	10/12/21
	10/7/21
	9/16/21	485BPOS
	9/14/21
	9/9/21
	9/2/21
	8/31/21
	8/27/21
	8/20/21
	8/13/21
	8/12/21
	8/11/21
	8/10/21
	7/29/21
	7/28/21
	7/27/21
	7/9/21
	7/8/21
	6/30/21	N-30B-2
	6/29/21
	6/28/21
	6/25/21
	6/23/21
	6/22/21
	6/18/21
	6/16/21
	6/15/21
	6/11/21
	6/9/21
	6/7/21
	6/4/21	497
	6/3/21
	6/1/21
	5/28/21
	5/27/21
	5/20/21
	5/17/21	EFFECT
	5/4/21	497
	4/20/21	485BPOS
	4/15/21
	4/8/21	485BXT
	2/19/21
	1/1/21
	12/31/20	24F-2NT, N-30B-2, N-CEN
	5/28/20
	5/7/20
	12/31/19	24F-2NT, N-30B-2, N-CEN
	1/1/18
	12/22/17
	1/1/15
	12/31/13	24F-2NT, N-30D, NSAR-U
	12/31/12	24F-2NT, N-30D, NSAR-U
	12/31/11	24F-2NT, N-30D, NSAR-U
	12/31/09	24F-2NT, N-30D, NSAR-U
	1/1/96
		List all Filings

Separate Account A of Pacific Life Insurance Co. – ‘N-VPFS’ for 12/31/23

On: Tuesday, 4/9/24, at 1:48pm ET · Effective: 4/9/24 · For: 12/31/23 · Accession #: 1104659-24-45162 · File #: 811-08946

Financial Statements of a Variable Annuity/Life Contract — Form N-VPFS — ICA’40Filing Table of Contents

This is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

31 Subsequent Filings that Reference this Filing

Financial Statements of a Variable Annuity/Life Contract — Form N-VPFS — ICA’40

Filing Table of Contents