SEC Info - Separate Account A of Pacific Life & Annuity Co.

TABLE OF CONTENTS

SEPARATE ACCOUNT A

Investments	SA-1
Financial Statements:
Statements of Assets and Liabilities	SA-4
Statements of Operations	SA-17
Statements of Changes in Net Assets	SA-30
Financial Highlights	SA-56
Notes to Financial Statements	SA-69
Report of Independent Registered Public Accounting Firm	SA-77

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 *		124,643	$	1,493,523	$	298,707	$	290,075
Diversified Bond Class I *		911,951		9,180,190		1,131,940		1,427,136
Floating Rate Income Class I *		653,224		10,081,295		2,042,550		3,121,107
High Yield Bond Class I *		679,114		6,757,102		617,659		1,194,973
Inflation Managed Class I *		647,786		7,816,624		710,604		2,028,467
Intermediate Bond Class I *		45,041		413,638		144,052		13,023
Managed Bond Class I *		718,341		9,712,926		929,379		1,501,728
Short Duration Bond Class I *		1,163,383		12,464,350		1,833,586		2,707,507
Emerging Markets Debt Class I *		125,138		1,553,697		149,648		258,906
Dividend Growth Class I *		831,524		31,107,331		4,024,294		5,019,611
Equity Index Class I *		1,182,766		144,909,564		8,380,889		25,033,781
Focused Growth Class I *		250,005		14,395,211		1,396,047		1,507,147
Growth Class I *		210,047		12,710,804		1,618,645		1,951,664
Hedged Equity Class I *		3,335,231		37,425,475		17,888,051		3,580,461
Large-Cap Core Class I *		110,942		7,683,896		900,997		1,089,732
Large-Cap Growth Class I *		574,402		12,753,587		2,223,424		3,085,288
Large-Cap Value Class I *		268,168		9,897,131		1,498,182		2,119,203
Mid-Cap Equity Class I *		212,954		6,946,570		523,839		1,388,340
Mid-Cap Growth Class I *		482,073		12,803,094		1,347,555		2,279,023
Mid-Cap Value Class I *		234,364		6,933,790		1,801,947		1,102,039
Small-Cap Equity Class I *		195,835		5,819,354		2,380,575		754,073
Small-Cap Growth Class I *		237,390		6,352,399		657,760		982,514
Small-Cap Index Class I *		447,229		14,489,681		2,972,419		1,935,195
Small-Cap Value Class I *		183,575		5,061,291		718,597		1,001,973
Value Class I *		172,209		3,477,875		568,868		816,748
Value Advantage Class I *		167,173		4,290,960		736,177		1,314,804
Emerging Markets Class I *		351,256		6,330,493		1,325,966		1,055,603
International Growth Class I *		29,424		260,343		176,753		3,512
International Large-Cap Class I *		558,720		7,745,703		475,233		1,611,872
International Small-Cap Class I *		110,837		1,430,841		114,594		334,008
International Value Class I *		283,241		4,794,913		1,001,907		1,112,511
Health Sciences Class I *		408,201		25,741,142		1,430,614		4,351,170
Real Estate Class I *		188,384		6,322,832		874,680		1,075,486
Technology Class I *		1,263,965		20,530,568		3,304,398		3,213,868
ESG Diversified Class I *		179,556		1,855,395		525,717		806,812
ESG Diversified Growth Class I *		14,729		143,510		26		1,745
PSF Avantis Balanced Allocation Class D *		953,353		15,611,222		1,302,296		1,185,733
PSF Avantis Balanced Allocation Class P *		8,356		138,285		-		3,460
Pacific Dynamix - Conservative Growth Class I *		2,096,389		41,587,832		2,175,664		5,621,003
Pacific Dynamix - Moderate Growth Class I *		5,474,853		148,054,017		10,468,733		17,856,206
Pacific Dynamix - Growth Class I *		5,509,500		177,089,342		31,830,882		10,695,143
Pacific Dynamix - Growth Class P *		963		31,226		-		564
Portfolio Optimization Conservative Class I *		4,447,494		64,235,436		3,566,433		18,527,822
Portfolio Optimization Moderate-Conservative Class I *		5,857,462		98,457,285		2,468,190		16,006,232
Portfolio Optimization Moderate Class I *		19,962,280		384,814,517		5,165,876		49,352,926
Portfolio Optimization Growth Class I *		14,439,768		310,576,866		2,452,110		41,116,101
Portfolio Optimization Aggressive-Growth Class I *		3,547,768		81,089,568		747,314		7,503,341
Invesco Oppenheimer V.I. International Growth Series II		378,916		810,880		395,600		435,505
Invesco® V.I. Balanced-Risk Allocation Series II *		2,098,060		17,791,547		2,894,603		5,033,197
Invesco® V.I. Equity and Income Series II		138,933		2,272,946		324,473		135,440
Invesco® V.I. Global Real Estate Series II		100,486		1,371,639		265,422		113,813
Invesco® V.I. Global Series II		53,969		1,915,892		870,559		660,944
Invesco® V.I. Technology Series I *		941		17,409		-		292

See Notes to Financial Statements

SA-1

See explanation of symbol on page SA-3

SEPARATE ACCOUNT A
INVESTMENTS (Continued)
DECEMBER 31, 2023

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
American Century Inflation Protection Class I		5,874	$	55,156	$	55,612	$	360
American Century VP Mid Cap Value Class II		268,095		5,219,817		1,288,381		1,096,933
American Funds IS American High-Income Trust Class 4		385,230		3,755,993		1,636,676		408,584
American Funds IS Asset Allocation Class 1		5,832		139,148		8,178		3,456
American Funds IS Asset Allocation Class 4		9,228,794		215,400,054		22,849,422		30,658,202
American Funds IS Capital Income Builder® Class 4		442,992		5,138,708		390,274		698,554
American Funds IS Capital World Bond Class 4 *		95,678		945,297		69,312		152,615
American Funds IS Capital World Growth and Income Class 4		225,577		3,036,266		688,857		714,331
American Funds IS Global Balanced Class 4		334,376		4,045,950		828,111		340,856
American Funds IS Global Growth Class 4		189,670		6,274,271		1,886,929		711,250
American Funds IS Global Small Capitalization Class 4		76,833		1,341,496		197,194		646,354
American Funds IS Growth Class 1		1,822		181,193		97,107		11,577
American Funds IS Growth Class 4		421,739		40,360,458		9,525,174		5,723,397
American Funds IS Growth-Income Class 1		1,375		81,493		57,533		2,172
American Funds IS Growth-Income Class 4		297,952		17,084,557		2,501,144		3,278,460
American Funds IS International Class 4		185,927		3,184,926		258,548		441,868
American Funds IS International Growth and Income Class 1		1,778		17,963		17,678		148
American Funds IS International Growth and Income Class 4		164,097		1,586,818		198,875		560,061
American Funds IS Managed Risk Asset Allocation Class P2		1,299,920		14,988,073		3,331,161		1,756,506
American Funds IS New World Fund® Class 1		5,680		144,724		138,997		727
American Funds IS New World Fund® Class 4		125,980		3,143,190		279,221		517,942
American Funds IS The Bond Fund of America Class 1		11,798		112,552		32,383		1,769
American Funds IS The Bond Fund of America Class 4		743,585		6,952,519		1,984,283		1,006,608
American Funds IS U.S. Government Securities Class 1		3,111		30,831		43,689		12,095
American Funds IS U.S. Government Securities Class 4		241,663		2,361,052		853,658		1,169,130
American Funds IS Washington Mutual Investors Class 4		845,450		11,887,025		1,395,554		2,636,825
BlackRock® 60/40 Target Allocation ETF V.I. Class I		1,676,824		22,217,913		4,567,746		1,797,706
BlackRock® Capital Appreciation V.I. Class III		76,036		616,650		50,390		89,741
BlackRock® Global Allocation V.I. Class III		6,987,677		91,049,430		4,978,903		13,453,093
BlackRock® S&P 500 Index V.I. Class I		2,309		68,335		3,397		2,752
BlackRock® Small Cap Index V.I. Class I		19,233		217,910		175,756		1,308
Delaware Ivy VIP Asset Strategy Class II		385,578		3,377,662		1,929,694		342,371
Delaware Ivy VIP Energy Class II		761,446		3,883,377		2,330,521		2,065,842
DFA VA Global Bond Institutional Class		3,911		37,977		39,080		124
DFA VA International Value Institutional Class		2,619		35,643		34,790		141
DFA VA Short-Term Fixed Institutional Class		11,482		115,163		119,937		3,125
DFA VA US Large Value Institutional Class		9,592		312,111		231,128		4,202
Fidelity® VIP Consumer Discretionary Initial Class		1,692		56,518		48,676		283
Fidelity® VIP Contrafund® Initial Class		1,046		50,878		61,242		14,864
Fidelity® VIP Contrafund® Service Class 2		910,518		42,639,550		6,437,514		7,084,281
Fidelity® VIP FundsManager® 60% Investor Class		702,258		6,811,906		6,539,930		28,780
Fidelity® VIP FundsManager® 60% Service Class 2		4,349,792		42,018,995		4,650,300		5,586,914
Fidelity® VIP Government Money Market Initial Class		843,622		843,622		3,024,389		2,180,768
Fidelity® VIP Government Money Market Service Class		33,060,725		33,060,725		29,649,963		22,799,798
Fidelity® VIP Index 500 Initial Class		109		50,321		47,740		362
Fidelity® VIP Investment Grade Bond Initial Class		21,738		242,811		241,066		1,603
Fidelity® VIP Strategic Income Service Class 2		654,037		6,769,285		1,324,786		584,685
First Trust Dorsey Wright Tactical Core Class I		182,346		2,086,038		662,413		589,649
First Trust Multi Income Allocation Class I		95,679		1,086,915		117,925		566,868
First Trust/Dow Jones Dividend & Income Allocation Class I		3,738,421		49,496,700		5,861,847		8,148,372
Franklin Allocation VIP Class 2		36,255		177,651		8,499		4,219
Franklin Allocation VIP Class 4		2,517,884		12,841,210		2,261,018		2,275,202
Franklin Income VIP Class 2		824,208		11,703,748		2,142,220		1,420,011
Franklin Mutual Global Discovery VIP Class 2		216,785		3,984,511		407,874		1,124,549
Franklin Rising Dividends VIP Class 1		570		16,105		2,167		303
Franklin Rising Dividends VIP Class 2		463,355		12,478,143		3,138,484		3,157,337
Templeton Global Bond VIP Class 2 *		277,888		3,568,079		268,014		969,832

See Notes to Financial Statements

SA-2

See explanation of symbol on page SA-3

SEPARATE ACCOUNT A
INVESTMENTS (Continued)
DECEMBER 31, 2023

					Cost of		Proceeds
Variable Accounts	Shares Owned		Value		Purchases		from Sales
Janus Henderson Balanced Service Shares		9,802,208	$	470,996,084	$	53,120,681	$	45,690,081
Janus Henderson Flexible Bond Service Shares		236,083		2,634,683		650,589		425,367
ClearBridge Variable Aggressive Growth - Class II		49,736		823,634		146,678		186,064
Lord Abbett Bond Debenture Class VC		483,727		4,992,058		1,228,232		671,767
Lord Abbett Total Return Class VC		365,069		5,183,980		661,626		1,058,461
MFS® Massachusetts Investors Growth Stock - Service Class		28,413		627,932		158,775		178,796
MFS® Total Return Series - Service Class		1,746,790		39,617,199		5,935,258		5,005,076
MFS® Utilities Series - Initial Class		731		23,566		24,904		171
MFS® Utilities Series - Service Class		147,933		4,665,792		861,857		566,216
MFS® Value Series - Service Class		40,007		828,547		105,648		108,597
Neuberger Berman U.S. Equity Index PutWrite Strategy Class S *		24,984		235,597		95,958		13,223
PIMCO All Asset - Advisor Class		17,111		157,422		8,539		86,610
PIMCO CommodityRealReturn® Strategy - Advisor Class		308,630		1,685,119		805,873		293,075
PIMCO Emerging Markets Bond - Institutional Class		926		9,771		9,463		101
PIMCO Income - Advisor Class		260,646		2,593,431		999,626		311,586
PIMCO Total Return - Institutional Class		12,473		114,498		46,720		1,538
Schwab S&P 500 Index		2,195		154,053		137,510		899
Schwab VIT Balanced		323,038		4,377,163		485,208		586,976
Schwab VIT Balanced with Growth		487,136		7,667,521		123,542		615,010
Schwab VIT Growth		221,266		4,018,182		457,774		613,010
State Street Total Return V.I.S. Class 3		1,068,602		15,751,187		1,732,675		2,056,044
T. Rowe Price Blue Chip Growth - I *		7,944		366,955		331,312		2,615
T. Rowe Price Health Sciences - I		825		45,655		30,760		375
VanEck VIP Global Resources Class S		39,997		1,016,734		268,675		1,068,409
Vanguard® VIF Balanced		79,690		1,855,972		318,703		41,129
Vanguard® VIF Capital Growth *		3,399		157,635		144,376		828
Vanguard® VIF Conservative Allocation		11,464		280,168		142,977		790,367
Vanguard® VIF Diversified Value *		38,667		604,366		528,098		4,455
Vanguard® VIF Equity Income *		10,473		250,407		239,868		1,710
Vanguard® VIF Equity Index*		1,272		77,466		69,559		449
Vanguard® VIF High Yield Bond *		4,999		36,846		34,609		186
Vanguard® VIF International *		2,812		69,094		61,950		272
Vanguard® VIF Mid-Cap Index *		9,583		229,325		211,392		1,288
Vanguard® VIF Moderate Allocation		29,078		846,449		827,134		11,369
Vanguard® VIF Real Estate Index		9,688		115,482		90,366		743
Vanguard® VIF Short-Term Investment-Grade *		9,421		97,130		94,097		631
Vanguard® VIF Total Bond Market Index *		25,219		268,078		269,090		17,906
Vanguard® VIF Total International Stock Market Index		26,808		565,375		482,251		3,738
Vanguard® VIF Total Stock Market Index *		9,218		455,829		420,521		16,588

* 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-3

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 (1)		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	1,493,523	$	9,180,190	$	10,081,295	$	-	$	6,757,102	$	7,816,624
Receivables:
Due from Pacific Life & Annuity Company		18		-		1,505		-		-		6,882
Investments sold		-		18,498		-		-		1,315		-
Total Assets		1,493,541		9,198,688		10,082,800		-		6,758,417		7,823,506
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		-		18,799		-		-		1,254		-
Investments purchased		107		-		2,659		-		-		6,791
Total Liabilities		107		18,799		2,659		-		1,254		6,791
NET ASSETS	$	1,493,434	$	9,179,889	$	10,080,141	$	-	$	6,757,163	$	7,816,715
NET ASSETS CONSIST OF:
Accumulation units		1,493,434		9,125,651		10,059,695		-		6,755,172		7,800,913
Contracts in payout (annuitization) period		-		54,238		20,446		-		1,991		15,802
NET ASSETS	$	1,493,434	$	9,179,889	$	10,080,141	$	-	$	6,757,163	$	7,816,715
Units Outstanding		137,595		825,888		752,932		-		445,987		650,250
Accumulation Unit Value		$10.41 - $11.62		$10.06 - $15.92		$12.53 - $14.78		See Note (1)		$12.44 - $31.06		$9.26 - $24.40
Cost of Investments	$	1,360,056	$	7,848,886	$	7,576,347	$	-	$	3,506,982	$	6,514,852

	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	$	413,638	$	9,712,926	$	12,464,350	$	1,553,697	$	31,107,331	$	144,909,564
Receivables:
Due from Pacific Life & Annuity Company		-		4,407		3,443		-		-		57,785
Investments sold		437		-		-		110		57,022		-
Total Assets		414,075		9,717,333		12,467,793		1,553,807		31,164,353		144,967,349
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		454		-		-		179		58,289		-
Investments purchased		-		4,321		3,898		-		-		57,019
Total Liabilities		454		4,321		3,898		179		58,289		57,019
NET ASSETS	$	413,621	$	9,713,012	$	12,463,895	$	1,553,628	$	31,106,064	$	144,910,330
NET ASSETS CONSIST OF:
Accumulation units		413,621		9,709,549		12,386,192		1,552,970		30,827,707		144,132,567
Contracts in payout (annuitization) period		-		3,463		77,703		658		278,357		777,763
NET ASSETS	$	413,621	$	9,713,012	$	12,463,895	$	1,553,628	$	31,106,064	$	144,910,330
Units Outstanding		46,072		794,704		1,228,537		148,625		1,042,239		4,542,377
Accumulation Unit Value		$8.87 - $9.13		$9.60 - $25.10		$9.30 - $13.14		$9.49 - $11.48		$21.80 - $46.50		$23.37 - $80.78
Cost of Investments	$	394,640	$	7,455,589	$	11,010,898	$	1,289,734	$	12,710,305	$	54,474,214

(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-4

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
	Focused				Hedged		Large-Cap		Large-Cap		Large-Cap
	Growth		Growth		Equity		Core		Growth		Value
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	14,395,211	$	12,710,804	$	37,425,475	$	7,683,896	$	12,753,587	$	9,897,131
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		-		20,167		-
Investments sold		4,335		2,971		54,124		2,561		-		48
Total Assets		14,399,546		12,713,775		37,479,599		7,686,457		12,773,754		9,897,179
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		4,619		3,119		55,796		2,737		-		204
Investments purchased		-		-		-		-		20,778		-
Total Liabilities		4,619		3,119		55,796		2,737		20,778		204
NET ASSETS	$	14,394,927	$	12,710,656	$	37,423,803	$	7,683,720	$	12,752,976	$	9,896,975
NET ASSETS CONSIST OF:
Accumulation units		14,281,528		12,676,336		37,423,803		7,680,230		12,684,795		9,857,687
Contracts in payout (annuitization) period		113,399		34,320		-		3,490		68,181		39,288
NET ASSETS	$	14,394,927	$	12,710,656	$	37,423,803	$	7,683,720	$	12,752,976	$	9,896,975
Units Outstanding		360,689		337,346		3,442,449		258,508		372,882		405,249
Accumulation Unit Value		$27.45 - $69.94		$27.68 - $99.33		$10.69 - $11.14		$12.91 - $59.53		$26.54 - $45.49		$18.62 - $41.42
Cost of Investments	$	4,520,781	$	4,532,307	$	33,751,695	$	2,286,480	$	3,857,921	$	3,119,035

	Mid-Cap		Mid-Cap		Mid-Cap		Small-Cap		Small-Cap		Small-Cap
	Equity		Growth		Value		Equity		Growth		Index
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	6,946,570	$	12,803,094	$	6,933,790	$	5,819,354	$	6,352,399	$	14,489,681
Receivables:
Due from Pacific Life & Annuity Company		-		-		3,388		22,301		-		-
Investments sold		4,690		2,756		-		-		834		406
Total Assets		6,951,260		12,805,850		6,937,178		5,841,655		6,353,233		14,490,087
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		4,673		3,099		-		-		957		672
Investments purchased		-		-		3,386		22,608		-		-
Total Liabilities		4,673		3,099		3,386		22,608		957		672
NET ASSETS	$	6,946,587	$	12,802,751	$	6,933,792	$	5,819,047	$	6,352,276	$	14,489,415
NET ASSETS CONSIST OF:
Accumulation units		6,924,135		12,798,923		6,913,778		5,818,032		6,287,248		14,455,085
Contracts in payout (annuitization) period		22,452		3,828		20,014		1,015		65,028		34,330
NET ASSETS	$	6,946,587	$	12,802,751	$	6,933,792	$	5,819,047	$	6,352,276	$	14,489,415
Units Outstanding		252,522		418,064		270,177		274,075		273,103		658,789
Accumulation Unit Value		$18.96 - $62.22		$24.98 - $43.58		$18.35 - $49.48		$15.35 - $36.86		$21.35 - $36.32		$15.73 - $45.06
Cost of Investments	$	2,048,217	$	3,622,246	$	3,300,558	$	3,744,577	$	2,445,406	$	8,273,394

See Notes to Financial Statements

SA-5

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
	Small-Cap				Value		Emerging		International		International
	Value		Value		Advantage		Markets		Growth		Large-Cap
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	5,061,291	$	3,477,875	$	4,290,960	$	6,330,493	$	260,343	$	7,745,703
Receivables:
Due from Pacific Life & Annuity Company		835		-		3,543		352		-		-
Investments sold		-		1,013		-		-		123		1,508
Total Assets		5,062,126		3,478,888		4,294,503		6,330,845		260,466		7,747,211
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		-		1,147		-		-		134		1,649
Investments purchased		723		-		3,701		518		-		-
Total Liabilities		723		1,147		3,701		518		134		1,649
NET ASSETS	$	5,061,403	$	3,477,741	$	4,290,802	$	6,330,327	$	260,332	$	7,745,562
NET ASSETS CONSIST OF:
Accumulation units		5,058,603		3,468,734		4,290,802		6,304,334		260,332		7,687,336
Contracts in payout (annuitization) period		2,800		9,007		-		25,993		-		58,226
NET ASSETS	$	5,061,403	$	3,477,741	$	4,290,802	$	6,330,327	$	260,332	$	7,745,562
Units Outstanding		231,692		161,227		201,293		493,447		30,228		399,225
Accumulation Unit Value		$13.86 - $64.41		$18.36 - $28.93		$11.67 - $23.70		$10.06 - $68.40		$8.50 - $8.70		$16.37 - $36.79
Cost of Investments	$	1,885,787	$	1,042,041	$	2,830,405	$	3,776,282	$	243,112	$	2,939,861

	International		International		Health		Real				ESG
	Small-Cap		Value		Sciences		Estate		Technology		Diversified
	Class I		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	1,430,841	$	4,794,913	$	25,741,142	$	6,322,832	$	20,530,568	$	1,855,395
Receivables:
Due from Pacific Life & Annuity Company		-		-		14,872		-		-		83,081
Investments sold		522		746		-		1,460		6,412		-
Total Assets		1,431,363		4,795,659		25,756,014		6,324,292		20,536,980		1,938,476
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		428		771		-		1,412		7,259		-
Investments purchased		-		-		15,464		-		-		83,207
Total Liabilities		428		771		15,464		1,412		7,259		83,207
NET ASSETS	$	1,430,935	$	4,794,888	$	25,740,550	$	6,322,880	$	20,529,721	$	1,855,269
NET ASSETS CONSIST OF:
Accumulation units		1,411,241		4,791,765		25,719,572		6,302,979		20,500,037		1,855,269
Contracts in payout (annuitization) period		19,694		3,123		20,978		19,901		29,684		-
NET ASSETS	$	1,430,935	$	4,794,888	$	25,740,550	$	6,322,880	$	20,529,721	$	1,855,269
Units Outstanding		88,386		349,386		744,638		327,891		624,870		185,770
Accumulation Unit Value		$13.15 - $23.23		$9.26 - $19.13		$18.14 - $77.71		$13.16 - $68.07		$19.62 - $37.05		$9.87 - $10.00
Cost of Investments	$	568,974	$	2,339,369	$	6,963,071	$	2,091,344	$	7,846,999	$	1,793,622

See Notes to Financial Statements

SA-6

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
							Pacific		Pacific
	ESG		PSF Avantis		PSF Avantis		Dynamix -		Dynamix -		Pacific
	Diversified		Balanced		Balanced		Conservative		Moderate		Dynamix -
	Growth		Allocation		Allocation		Growth		Growth		Growth
	Class I		Class D		Class P		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	143,510	$	15,611,222	$	138,285	$	41,587,832	$	148,054,017	$	177,089,342
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		-		-		106,689
Investments sold		5		4,174		332		3,671		36,215		-
Total Assets		143,515		15,615,396		138,617		41,591,503		148,090,232		177,196,031
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		11		5,027		334		3,964		35,460		-
Investments purchased		-		-		-		-		-		108,426
Total Liabilities		11		5,027		334		3,964		35,460		108,426
NET ASSETS	$	143,504	$	15,610,369	$	138,283	$	41,587,539	$	148,054,772	$	177,087,605
NET ASSETS CONSIST OF:
Accumulation units		143,504		15,610,369		138,283		41,587,539		147,851,250		176,685,295
Contracts in payout (annuitization) period		-		-		-		-		203,522		402,310
NET ASSETS	$	143,504	$	15,610,369	$	138,283	$	41,587,539	$	148,054,772	$	177,087,605
Units Outstanding		15,215		1,137,938		13,137		2,789,572		8,908,403		9,038,013
Accumulation Unit Value		$9.40 - $9.44		$9.88 - $15.40		$10.53 - $10.53		$9.52 - $20.38		$9.78 - $27.93		$17.28 - $35.31
Cost of Investments	$	137,632	$	11,693,018	$	123,123	$	25,423,015	$	77,538,548	$	139,082,446

					Portfolio						Portfolio
	Pacific		Portfolio		Optimization		Portfolio		Portfolio		Optimization
	Dynamix -		Optimization		Moderate-		Optimization		Optimization		Aggressive-
	Growth		Conservative		Conservative		Moderate		Growth		Growth
	Class P		Class I		Class I		Class I		Class I		Class I
ASSETS
Investments in mutual funds, at value	$	31,226	$	64,235,436	$	98,457,285	$	384,814,517	$	310,576,866	$	81,089,568
Receivables:
Due from Pacific Life & Annuity Company		-		746		-		-		-		-
Investments sold		39		1,136		15,317		108,790		692,463		20,285
Total Assets		31,265		64,237,318		98,472,602		384,923,307		311,269,329		81,109,853
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		41		-		12,172		104,169		688,295		17,565
Investments purchased		-		-		-		-		-		-
Total Liabilities		41		-		12,172		104,169		688,295		17,565
NET ASSETS	$	31,224	$	64,237,318	$	98,460,430	$	384,819,138	$	310,581,034	$	81,092,288
NET ASSETS CONSIST OF:
Accumulation units		31,224		64,126,863		98,263,421		384,181,225		310,456,720		81,092,288
Contracts in payout (annuitization) period		-		110,455		197,009		637,913		124,314		-
NET ASSETS	$	31,224	$	64,237,318	$	98,460,430	$	384,819,138	$	310,581,034	$	81,092,288
Units Outstanding		2,944		5,342,001		7,024,173		24,036,833		17,452,635		4,299,099
Accumulation Unit Value		$10.60 - $10.60		$9.28 - $14.20		$9.42 - $16.47		$9.66 - $19.03		$13.81 - $20.91		$17.77 - $22.60
Cost of Investments	$	26,236	$	43,730,569	$	56,642,005	$	190,703,422	$	135,140,619	$	32,865,385

See Notes to Financial Statements

SA-7

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
	Invesco
	Oppenheimer		Invesco V.I.		Invesco V.I.		Invesco V.I.
	V.I. International		Balanced-Risk		Equity and		Global		Invesco V.I.		Invesco V.I.
	Growth		Allocation		Income		Real Estate		Global		Technology
	Series II		Series II		Series II		Series II		Series II		Series I
ASSETS
Investments in mutual funds, at value	$	810,880	$	17,791,547	$	2,272,946	$	1,371,639	$	1,915,892	$	17,409
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		-		-		-
Investments sold		82		63,656		59		290		166		22
Total Assets		810,962		17,855,203		2,273,005		1,371,929		1,916,058		17,431
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		122		63,655		271		334		310		23
Investments purchased		-		-		-		-		-		-
Total Liabilities		122		63,655		271		334		310		23
NET ASSETS	$	810,840	$	17,791,548	$	2,272,734	$	1,371,595	$	1,915,748	$	17,408
NET ASSETS CONSIST OF:
Accumulation units		810,840		17,791,548		2,272,734		1,371,595		1,801,079		17,408
Contracts in payout (annuitization) period		-		-		-		-		114,669		-
NET ASSETS	$	810,840	$	17,791,548	$	2,272,734	$	1,371,595	$	1,915,748	$	17,408
Units Outstanding		60,384		1,356,304		136,473		133,623		105,262		1,890
Accumulation Unit Value		$12.85 - $15.35		$9.18 - $22.98		$15.99 - $16.86		$9.48 - $11.74		$14.22 - $20.59		$9.21 - $9.21
Cost of Investments	$	729,743	$	19,478,670	$	2,298,592	$	1,413,463	$	1,813,817	$	18,460

	American		American		American Funds
	Century		Century		IS American		American Funds		American Funds		American Funds
	Inflation		VP Mid Cap		High-Income		IS Asset		IS Asset		IS Capital
	Protection		Value		Trust		Allocation		Allocation		Income Builder
	Class I		Class II		Class 4		Class 1		Class 4		Class 1 (1)
ASSETS
Investments in mutual funds, at value	$	55,156	$	5,219,817	$	3,755,993	$	139,148	$	215,400,054	$	-
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		-		-		-
Investments sold		116		-		3,671		334		63,296		-
Total Assets		55,272		5,219,817		3,759,664		139,482		215,463,350		-
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		117		168		3,838		335		63,068		-
Investments purchased		-		118		-		-		-		-
Total Liabilities		117		286		3,838		335		63,068		-
NET ASSETS	$	55,155	$	5,219,531	$	3,755,826	$	139,147	$	215,400,282	$	-
NET ASSETS CONSIST OF:
Accumulation units		55,155		5,218,535		3,755,826		139,147		215,390,100		-
Contracts in payout (annuitization) period		-		996		-		-		10,182		-
NET ASSETS	$	55,155	$	5,219,531	$	3,755,826	$	139,147	$	215,400,282	$	-
Units Outstanding		5,486		223,566		270,919		12,623		13,774,133		-
Accumulation Unit Value		$10.05 - $10.05		$15.92 - $25.77		$13.25 - $14.43		$11.02 - $11.02		$10.10 - $18.10		See Note (1)
Cost of Investments	$	55,237	$	4,807,285	$	3,842,241	$	133,324	$	194,104,306	$	-

(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-8

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
					American Funds
	American Funds		American Funds		IS Capital World		American Funds				American Funds
	IS Capital		IS Capital		Growth and		IS Global		American Funds		IS Global Small
	Income Builder		World Bond		Income		Balanced		IS Global Growth		Capitalization
	Class 4		Class 4		Class 4		Class 4		Class 4		Class 4
ASSETS
Investments in mutual funds, at value	$	5,138,708	$	945,297	$	3,036,266	$	4,045,950	$	6,274,271	$	1,341,496
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		535		-		-
Investments sold		36		27		651		-		630		36,375
Total Assets		5,138,744		945,324		3,036,917		4,046,485		6,274,901		1,377,871
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		296		58		746		-		989		36,435
Investments purchased		-		-		-		691		-		-
Total Liabilities		296		58		746		691		989		36,435
NET ASSETS	$	5,138,448	$	945,266	$	3,036,171	$	4,045,794	$	6,273,912	$	1,341,436
NET ASSETS CONSIST OF:
Accumulation units		5,138,448		944,723		3,034,050		4,045,794		6,273,912		1,341,436
Contracts in payout (annuitization) period		-		543		2,121		-		-		-
NET ASSETS	$	5,138,448	$	945,266	$	3,036,171	$	4,045,794	$	6,273,912	$	1,341,436
Units Outstanding		384,367		100,213		175,150		275,455		278,196		88,945
Accumulation Unit Value		$12.76 - $14.77		$8.93 - $10.01		$16.59 - $18.30		$14.15 - $15.60		$21.40 - $23.10		$14.50 - $16.21
Cost of Investments	$	4,454,711	$	1,068,438	$	2,805,163	$	4,108,247	$	5,184,798	$	1,338,178

											American Funds
					American Funds		American Funds		American Funds		IS International
	American Funds		American Funds		IS		IS		IS		Growth and
	IS Growth		IS Growth		Growth-Income		Growth-Income		International		Income
	Class 1		Class 4		Class 1		Class 4		Class 4		Class 1
ASSETS
Investments in mutual funds, at value	$	181,193	$	40,360,458	$	81,493	$	17,084,557	$	3,184,926	$	17,963
Receivables:
Due from Pacific Life & Annuity Company		-		6,167		-		25,374		89		-
Investments sold		422		-		194		-		-		38
Total Assets		181,615		40,366,625		81,687		17,109,931		3,185,015		18,001
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		422		-		192		-		-		39
Investments purchased		-		9,521		-		27,466		244		-
Total Liabilities		422		9,521		192		27,466		244		39
NET ASSETS	$	181,193	$	40,357,104	$	81,495	$	17,082,465	$	3,184,771	$	17,962
NET ASSETS CONSIST OF:
Accumulation units		181,193		40,311,034		81,495		17,078,974		3,184,771		17,962
Contracts in payout (annuitization) period		-		46,070		-		3,491		-		-
NET ASSETS	$	181,193	$	40,357,104	$	81,495	$	17,082,465	$	3,184,771	$	17,962
Units Outstanding		16,485		1,401,646		6,514		787,489		258,833		1,805
Accumulation Unit Value		$10.99 - $10.99		$13.68 - $34.82		$12.51 - $12.51		$20.78 - $25.14		$11.33 - $14.02		$9.95 - $9.95
Cost of Investments	$	151,683	$	31,278,052	$	75,240	$	13,494,544	$	3,294,843	$	17,526

See Notes to Financial Statements

SA-9

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
	American Funds		American Funds		American Funds						American Funds
	IS International		IS		IS Managed		American Funds		American Funds		IS The Bond
	Growth and		Managed Risk		Risk		IS		IS		Fund
	Income		Asset Allocation		Asset Allocation		New World Fund		New World Fund		of America
	Class 4		Class P1 (1)		Class P2		Class 1		Class 4		Class 1
ASSETS
Investments in mutual funds, at value	$	1,586,818	$	-	$	14,988,073	$	144,724	$	3,143,190	$	112,552
Receivables:
Due from Pacific Life & Annuity Company		352		-		-		-		-		-
Investments sold		-		-		2,597		257		120		250
Total Assets		1,587,170		-		14,990,670		144,981		3,143,310		112,802
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		-		-		3,317		260		337		251
Investments purchased		486		-		-		-		-		-
Total Liabilities		486		-		3,317		260		337		251
NET ASSETS	$	1,586,684	$	-	$	14,987,353	$	144,721	$	3,142,973	$	112,551
NET ASSETS CONSIST OF:
Accumulation units		1,586,684		-		14,987,353		144,721		3,128,742		112,551
Contracts in payout (annuitization) period		-		-		-		-		14,231		-
NET ASSETS	$	1,586,684	$	-	$	14,987,353	$	144,721	$	3,142,973	$	112,551
Units Outstanding		129,803		-		1,106,627		16,519		224,849		12,318
Accumulation Unit Value		$11.69 - $14.70		See Note (1)		$9.65 - $14.66		$8.76 - $8.76		$13.02 - $16.40		$9.14 - $9.14
Cost of Investments	$	1,692,533	$	-	$	15,391,675	$	138,250	$	2,566,634	$	113,300

	American Funds		American Funds		American Funds
	IS The Bond		IS		IS		American Funds		BlackRock		BlackRock
	Fund		U.S. Government		U.S. Government		IS Washington		60/40 Target		Capital
	of America		Securities		Securities		Mutual Investors		Allocation ETF		Appreciation
	Class 4		Class 1		Class 4		Class 4		V.I. Class I		V.I. Class III
ASSETS
Investments in mutual funds, at value	$	6,952,519	$	30,831	$	2,361,052	$	11,887,025	$	22,217,913	$	616,650
Receivables:
Due from Pacific Life & Annuity Company		5,188		-		244		-		19,934		-
Investments sold		-		37		-		44,802		-		14
Total Assets		6,957,707		30,868		2,361,296		11,931,827		22,237,847		616,664
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		-		37		-		45,272		-		43
Investments purchased		5,507		-		514		-		21,130		-
Total Liabilities		5,507		37		514		45,272		21,130		43
NET ASSETS	$	6,952,200	$	30,831	$	2,360,782	$	11,886,555	$	22,216,717	$	616,621
NET ASSETS CONSIST OF:
Accumulation units		6,952,200		30,831		2,360,782		11,885,409		22,216,717		616,621
Contracts in payout (annuitization) period		-		-		-		1,146		-		-
NET ASSETS	$	6,952,200	$	30,831	$	2,360,782	$	11,886,555	$	22,216,717	$	616,621
Units Outstanding		672,343		3,380		237,910		600,825		1,458,457		13,977
Accumulation Unit Value		$9.85 - $10.92		$9.12 - $9.12		$9.43 - $10.38		$18.76 - $20.73		$10.54 - $16.75		$37.16 - $50.39
Cost of Investments	$	7,513,823	$	30,996	$	2,543,927	$	10,556,521	$	20,530,328	$	516,088

(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-10

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
	BlackRock						Delaware Ivy				DFA VA
	Global		BlackRock		BlackRock		VIP Asset		Delaware Ivy		Global Bond
	Allocation		S&P 500 Index		Small Cap Index		Strategy		VIP Energy		Institutional
	V.I. Class III		V.I. Class I		V.I. Class I		Class II		Class II		Class
ASSETS
Investments in mutual funds, at value	$	91,049,430	$	68,335	$	217,910	$	3,377,662	$	3,883,377	$	37,977
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		601		3,917		-
Investments sold		125,849		345		559		-		-		44
Total Assets		91,175,279		68,680		218,469		3,378,263		3,887,294		38,021
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		122,501		346		563		-		-		44
Investments purchased		-		-		-		765		4,166		-
Total Liabilities		122,501		346		563		765		4,166		44
NET ASSETS	$	91,052,778	$	68,334	$	217,906	$	3,377,498	$	3,883,128	$	37,977
NET ASSETS CONSIST OF:
Accumulation units		91,046,995		68,334		217,906		3,377,498		3,883,128		37,977
Contracts in payout (annuitization) period		5,783		-		-		-		-		-
NET ASSETS	$	91,052,778	$	68,334	$	217,906	$	3,377,498	$	3,883,128	$	37,977
Units Outstanding		6,104,700		5,464		24,187		293,004		548,077		3,951
Accumulation Unit Value		$9.21 - $18.95		$12.51 - $12.51		$8.98 - $9.02		$9.99 - $13.02		$6.77 - $8.02		$9.61 - $9.61
Cost of Investments	$	88,641,582	$	59,793	$	202,896	$	3,185,831	$	2,586,853	$	38,954

			DFA VA
	International		Short-Term		DFA VA		Fidelity VIP
	Value		Fixed		US Large Value		Consumer		Fidelity VIP		Fidelity VIP
	Institutional		Institutional		Institutional		Discretionary		Contrafund		Contrafund
	Class		Class		Class		Initial Class		Initial Class		Service Class 2
ASSETS
Investments in mutual funds, at value	$	35,643	$	115,163	$	312,111	$	56,518	$	50,878	$	42,639,550
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		-		-		-
Investments sold		90		421		607		109		144		123,419
Total Assets		35,733		115,584		312,718		56,627		51,022		42,762,969
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		91		422		612		110		144		125,506
Investments purchased		-		-		-		-		-		-
Total Liabilities		91		422		612		110		144		125,506
NET ASSETS	$	35,642	$	115,162	$	312,106	$	56,517	$	50,878	$	42,637,463
NET ASSETS CONSIST OF:
Accumulation units		35,642		115,162		312,106		56,517		50,878		42,637,463
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	35,642	$	115,162	$	312,106	$	56,517	$	50,878	$	42,637,463
Units Outstanding		2,821		11,264		25,057		5,506		4,280		1,392,098
Accumulation Unit Value		$12.63 - $12.63		$10.22 - $10.22		$12.46 - $12.46		$10.26 - $10.26		$11.89 - $11.89		$13.38 - $33.40
Cost of Investments	$	34,647	$	116,800	$	293,930	$	48,395	$	46,728	$	30,580,749

See Notes to Financial Statements

SA-11

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
	Fidelity VIP		Fidelity VIP		Fidelity VIP		Fidelity VIP				Fidelity VIP
	FundsManager		FundsManager		Government		Government		Fidelity VIP		Investment
	60%		60%		Money Market		Money Market		Index 500		Grade Bond
	Investor Class		Service Class 2		Initial Class		Service Class		Initial Class		Initial Class
ASSETS
Investments in mutual funds, at value	$	6,811,906	$	42,018,995	$	843,622	$	33,060,725	$	50,321	$	242,811
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		22,734		-		-
Investments sold		187		4,914		1,304		-		143		571
Total Assets		6,812,093		42,023,909		844,926		33,083,459		50,464		243,382
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		448		6,113		1,308		-		154		578
Investments purchased		-		-		-		23,201		-		-
Total Liabilities		448		6,113		1,308		23,201		154		578
NET ASSETS	$	6,811,645	$	42,017,796	$	843,618	$	33,060,258	$	50,310	$	242,804
NET ASSETS CONSIST OF:
Accumulation units		6,811,645		42,017,796		843,618		32,987,408		50,310		242,804
Contracts in payout (annuitization) period		-		-		-		72,850		-		-
NET ASSETS	$	6,811,645	$	42,017,796	$	843,618	$	33,060,258	$	50,310	$	242,804
Units Outstanding		659,492		2,597,790		80,627		3,392,793		4,005		26,617
Accumulation Unit Value		$10.33 - $10.33		$9.88 - $21.06		$10.46 - $10.50		$9.20 - $10.86		$12.56 - $12.56		$9.12 - $9.12
Cost of Investments	$	6,510,430	$	42,845,322	$	843,622	$	33,060,725	$	47,384	$	239,433

							First Trust/Dow
			First Trust		First Trust		Jones Dividend
	Fidelity VIP		Dorsey Wright		Multi Income		& Income		Franklin		Franklin
	Strategic Income		Tactical Core		Allocation		Allocation		Allocation		Allocation
	Service Class 2		Class I		Class I		Class I		VIP Class 2		VIP Class 4
ASSETS
Investments in mutual funds, at value	$	6,769,285	$	2,086,038	$	1,086,915	$	49,496,700	$	177,651	$	12,841,210
Receivables:
Due from Pacific Life & Annuity Company		-		274		-		-		-		-
Investments sold		977		-		1,603		13,622		74		111,666
Total Assets		6,770,262		2,086,312		1,088,518		49,510,322		177,725		12,952,876
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		2,016		-		1,726		14,666		81		111,422
Investments purchased		-		414		-		-		-		-
Total Liabilities		2,016		414		1,726		14,666		81		111,422
NET ASSETS	$	6,768,246	$	2,085,898	$	1,086,792	$	49,495,656	$	177,644	$	12,841,454
NET ASSETS CONSIST OF:
Accumulation units		6,768,246		2,085,898		1,086,792		49,495,656		177,644		12,841,454
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	6,768,246	$	2,085,898	$	1,086,792	$	49,495,656	$	177,644	$	12,841,454
Units Outstanding		570,883		151,162		81,362		2,970,840		8,853		873,069
Accumulation Unit Value		$11.29 - $13.01		$13.16 - $15.22		$12.88 - $13.73		$9.88 - $20.66		$18.69 - $20.62		$9.84 - $19.47
Cost of Investments	$	7,103,073	$	1,900,715	$	1,026,865	$	45,936,658	$	199,333	$	12,855,504

See Notes to Financial Statements

SA-12

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
			Franklin		Franklin		Franklin				Janus
	Franklin		Mutual Global		Rising		Rising		Templeton		Henderson
	Income		Discovery		Dividends		Dividends		Global Bond		Balanced
	VIP Class 2		VIP Class 2		VIP Class 1		VIP Class 2		VIP Class 2		Service Shares
ASSETS
Investments in mutual funds, at value	$	11,703,748	$	3,984,511	$	16,105	$	12,478,143	$	3,568,079	$	470,996,084
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		-		161		-
Investments sold		197		328		39		98,979		-		236,188
Total Assets		11,703,945		3,984,839		16,144		12,577,122		3,568,240		471,232,272
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		861		436		40		99,489		-		238,654
Investments purchased		-		-		-		-		429		-
Total Liabilities		861		436		40		99,489		429		238,654
NET ASSETS	$	11,703,084	$	3,984,403	$	16,104	$	12,477,633	$	3,567,811	$	470,993,618
NET ASSETS CONSIST OF:
Accumulation units		11,703,084		3,964,831		16,104		12,476,358		3,567,811		470,993,618
Contracts in payout (annuitization) period		-		19,572		-		1,275		-		-
NET ASSETS	$	11,703,084	$	3,984,403	$	16,104	$	12,477,633	$	3,567,811	$	470,993,618
Units Outstanding		859,181		199,790		1,292		461,507		437,493		25,946,171
Accumulation Unit Value		$12.91 - $14.79		$17.18 - $25.76		$12.46 - $12.46		$21.23 - $29.80		$7.68 - $10.82		$10.24 - $23.82
Cost of Investments	$	11,914,839	$	3,445,033	$	16,162	$	11,230,462	$	3,888,162	$	365,378,523

									MFS
	Janus		ClearBridge		Lord Abbett				Massachusetts		MFS
	Henderson		Variable		Bond		Lord Abbett		Investors		Total Return
	Flexible Bond		Aggressive		Debenture		Total Return		Growth Stock -		Series -
	Service Shares		Growth - Class II		Class VC		Class VC		Service Class		Service Class
ASSETS
Investments in mutual funds, at value	$	2,634,683	$	823,634	$	4,992,058	$	5,183,980	$	627,932	$	39,617,199
Receivables:
Due from Pacific Life & Annuity Company		76		559		1,372		1,090		-		-
Investments sold		-		-		-		-		667		-
Total Assets		2,634,759		824,193		4,993,430		5,185,070		628,599		39,617,199
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		-		-		-		-		744		181
Investments purchased		235		571		1,554		1,375		-		274
Total Liabilities		235		571		1,554		1,375		744		455
NET ASSETS	$	2,634,524	$	823,622	$	4,991,876	$	5,183,695	$	627,855	$	39,616,744
NET ASSETS CONSIST OF:
Accumulation units		2,634,524		823,622		4,964,151		5,137,361		606,911		39,616,744
Contracts in payout (annuitization) period		-		-		27,725		46,334		20,944		-
NET ASSETS	$	2,634,524	$	823,622	$	4,991,876	$	5,183,695	$	627,855	$	39,616,744
Units Outstanding		259,548		58,626		389,007		484,104		23,493		2,344,825
Accumulation Unit Value		$9.58 - $10.81		$13.61 - $15.41		$12.00 - $14.53		$9.70 - $12.94		$26.36 - $26.83		$10.09 - $22.07
Cost of Investments	$	2,884,369	$	994,856	$	5,432,924	$	5,788,021	$	480,988	$	38,152,502

See Notes to Financial Statements

SA-13

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
							Neuberger
							Berman				PIMCO
	MFS		MFS		MFS		U.S. Equity Index				Commodity-
	Utilities		Utilities		Value		PutWrite		PIMCO All		RealReturn
	Series -		Series -		Series -		Strategy		Asset -		Strategy -
	Initial Class		Service Class		Service Class		Class S		Advisor Class		Advisor Class
ASSETS
Investments in mutual funds, at value	$	23,566	$	4,665,792	$	828,547	$	235,597	$	157,422	$	1,685,119
Receivables:
Due from Pacific Life & Annuity Company		-		466		-		8,805		136		424
Investments sold		67		-		301		-		-		-
Total Assets		23,633		4,666,258		828,848		244,402		157,558		1,685,543
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		67		-		327		-		-		-
Investments purchased		-		754		-		8,820		144		598
Total Liabilities		67		754		327		8,820		144		598
NET ASSETS	$	23,566	$	4,665,504	$	828,521	$	235,582	$	157,414	$	1,684,945
NET ASSETS CONSIST OF:
Accumulation units		23,566		4,664,588		819,053		235,582		157,414		1,684,945
Contracts in payout (annuitization) period		-		916		9,468		-		-		-
NET ASSETS	$	23,566	$	4,665,504	$	828,521	$	235,582	$	157,414	$	1,684,945
Units Outstanding		2,128		275,780		26,582		17,922		12,067		235,275
Accumulation Unit Value		$11.08 - $11.08		$15.82 - $19.20		$28.89 - $36.29		$12.97 - $13.18		$12.84 - $13.05		$6.34 - $12.96
Cost of Investments	$	24,703	$	4,165,259	$	601,974	$	224,472	$	167,863	$	1,996,629

	PIMCO
	Emerging Markets				PIMCO		PIMCO
	Bond -				Low Duration -		Total Return -
	Institutional		PIMCO Income -		Institutional		Institutional		Schwab		Schwab
	Class		Advisor Class		Class (1)		Class		S&P 500 Index		VIT Balanced
ASSETS
Investments in mutual funds, at value	$	9,771	$	2,593,431	$	-	$	114,498	$	154,053	$	4,377,163
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		-		-		-
Investments sold		28		3,646		-		257		324		398,788
Total Assets		9,799		2,597,077		-		114,755		154,377		4,775,951
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		27		3,782		-		259		325		398,869
Investments purchased		-		-		-		-		-		-
Total Liabilities		27		3,782		-		259		325		398,869
NET ASSETS	$	9,772	$	2,593,295	$	-	$	114,496	$	154,052	$	4,377,082
NET ASSETS CONSIST OF:
Accumulation units		9,772		2,593,295		-		114,496		154,052		4,377,082
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	9,772	$	2,593,295	$	-	$	114,496	$	154,052	$	4,377,082
Units Outstanding		1,070		236,216		-		12,798		12,237		295,498
Accumulation Unit Value		$9.13 - $9.13		$10.74 - $11.28		See Note (1)		$8.95 - $8.95		$12.59 - $12.59		$14.81 - $14.81
Cost of Investments	$	9,359	$	2,634,930	$	-	$	111,547	$	136,627	$	3,596,822

(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-14

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
											VanEck VIP
	Schwab				State Street		T. Rowe Price		T. Rowe Price		Global
	VIT Balanced		Schwab		Total Return		Blue Chip		Health		Resources
	with Growth		VIT Growth		V.I.S. Class 3		Growth - I		Sciences - I		Class S
ASSETS
Investments in mutual funds, at value	$	7,667,521	$	4,018,182	$	15,751,187	$	366,955	$	45,655	$	1,016,734
Receivables:
Due from Pacific Life & Annuity Company		-		398,721		-		-		-		1,385
Investments sold		1,891		-		7,235		1,005		97		-
Total Assets		7,669,412		4,416,903		15,758,422		367,960		45,752		1,018,119
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		1,900		-		6,054		1,014		100		-
Investments purchased		-		398,649		-		-		-		1,405
Total Liabilities		1,900		398,649		6,054		1,014		100		1,405
NET ASSETS	$	7,667,512	$	4,018,254	$	15,752,368	$	366,946	$	45,652	$	1,016,714
NET ASSETS CONSIST OF:
Accumulation units		7,667,512		4,018,254		15,752,368		366,946		45,652		965,545
Contracts in payout (annuitization) period		-		-		-		-		-		51,169
NET ASSETS	$	7,667,512	$	4,018,254	$	15,752,368	$	366,946	$	45,652	$	1,016,714
Units Outstanding		440,840		198,966		942,890		36,285		4,859		116,942
Accumulation Unit Value		$17.39 - $17.39		$20.20 - $20.20		$9.74 - $25.67		$10.11 - $10.11		$9.40 - $9.40		$7.79 - $8.86
Cost of Investments	$	5,631,737	$	2,724,616	$	15,574,877	$	328,697	$	43,978	$	711,417

					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	$	1,855,972	$	157,635	$	280,168	$	604,366	$	250,407	$	77,466
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		-		-		-
Investments sold		3,631		172		600		892		608		195
Total Assets		1,859,603		157,807		280,768		605,258		251,015		77,661
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		3,655		175		603		902		614		196
Investments purchased		-		-		-		-		-		-
Total Liabilities		3,655		175		603		902		614		196
NET ASSETS	$	1,855,948	$	157,632	$	280,165	$	604,356	$	250,401	$	77,465
NET ASSETS CONSIST OF:
Accumulation units		1,855,948		157,632		280,165		604,356		250,401		77,465
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	1,855,948	$	157,632	$	280,165	$	604,356	$	250,401	$	77,465
Units Outstanding		164,541		13,133		28,494		46,974		19,478		6,173
Accumulation Unit Value		$11.24 - $11.29		$12.00 - $12.00		$9.81 - $9.85		$12.87 - $12.87		$12.86 - $12.86		$12.55 - $12.55
Cost of Investments	$	1,742,108	$	143,553	$	256,894	$	523,938	$	238,132	$	69,121

See Notes to Financial Statements

SA-15

SEPARATE ACCOUNT A
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
DECEMBER 31, 2023

	Variable Accounts
											Vanguard VIF
	Vanguard VIF				Vanguard VIF		Vanguard VIF		Vanguard VIF		Short-Term
	High Yield		Vanguard VIF		Mid-Cap		Moderate		Real Estate		Investment-
	Bond		International		Index		Allocation		Index		Grade
ASSETS
Investments in mutual funds, at value	$	36,846	$	69,094	$	229,325	$	846,449	$	115,482	$	97,130
Receivables:
Due from Pacific Life & Annuity Company		-		-		-		-		-		-
Investments sold		40		174		492		1,923		234		196
Total Assets		36,886		69,268		229,817		848,372		115,716		97,326
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		41		175		497		1,937		237		198
Investments purchased		-		-		-		-		-		-
Total Liabilities		41		175		497		1,937		237		198
NET ASSETS	$	36,845	$	69,093	$	229,320	$	846,435	$	115,479	$	97,128
NET ASSETS CONSIST OF:
Accumulation units		36,845		69,093		229,320		846,435		115,479		97,128
Contracts in payout (annuitization) period		-		-		-		-		-		-
NET ASSETS	$	36,845	$	69,093	$	229,320	$	846,435	$	115,479	$	97,128
Units Outstanding		3,583		9,831		21,132		82,923		10,608		9,885
Accumulation Unit Value		$10.28 - $10.28		$7.03 - $7.03		$10.85 - $10.85		$10.21 - $10.21		$10.89 - $10.89		$9.83 - $9.83
Cost of Investments	$	34,425	$	61,681	$	210,082	$	815,425	$	102,884	$	93,470


			Vanguard VIF
			Total
	Vanguard VIF		International		Vanguard VIF
	Total Bond		Stock Market		Total Stock
	Market Index		Index		Market Index
ASSETS
Investments in mutual funds, at value	$	268,078	$	565,375	$	455,829
Receivables:
Due from Pacific Life & Annuity Company		-		-		-
Investments sold		304		1,138		1,078
Total Assets		268,382		566,513		456,907
LIABILITIES
Payables:
Due to Pacific Life & Annuity Company		308		1,146		1,083
Investments purchased		-		-		-
Total Liabilities		308		1,146		1,083
NET ASSETS	$	268,074	$	565,367	$	455,824
NET ASSETS CONSIST OF:
Accumulation units		268,074		565,367		455,824
Contracts in payout (annuitization) period		-		-		-
NET ASSETS	$	268,074	$	565,367	$	455,824
Units Outstanding		29,851		57,240		38,422
Accumulation Unit Value		$8.98 - $8.98		$9.84 - $9.88		$11.86 - $11.86
Cost of Investments	$	251,115	$	506,363	$	405,085

See Notes to Financial Statements

SA-16

SEPARATE ACCOUNT A
STATEMENTS OF OPERATIONS
FOR THE YEAR OR PERIOD 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 (1)			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		14,962			90,187			107,391			11			74,748			87,015
Administrative fees		3,758			20,169			24,180			22			15,458			20,122
Total Expenses		18,720			110,356			131,571			33			90,206			107,137
Net Investment Income (Loss)		(18,720	)		(110,356	)		(131,571	)		(33	)		(90,206	)		(107,137	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(13,839	)		(97,509	)		165,006			907			147,177			(90,180	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(13,839	)		(97,509	)		165,006			907			147,177			(90,180	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		118,216			423,542			1,154,556			-			621,453			377,230
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	85,657		$	215,677		$	1,187,991		$	874		$	678,424		$	179,913

	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		2,776			107,044			114,402			17,157			293,989			1,368,335
Administrative fees		713			21,954			26,951			3,026			67,628			322,729
Total Expenses		3,489			128,998			141,353			20,183			361,617			1,691,064
Net Investment Income (Loss)		(3,489	)		(128,998	)		(141,353	)		(20,183	)		(361,617	)		(1,691,064	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(395	)		95,356			(24,181	)		(12,785	)		30,422			3,219,480
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(395	)		95,356			(24,181	)		(12,785	)		30,422			3,219,480
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		20,501			507,737			620,913			191,075			3,635,357			28,339,429
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	16,617		$	474,095		$	455,379		$	158,107		$	3,304,162		$	29,867,845

(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-17

SEPARATE ACCOUNT A
STATEMENTS OF OPERATIONS (Continued)
FOR THE YEAR ENDED DECEMBER 31, 2023
	Variable Accounts
	Focused						Hedged			Large-Cap			Large-Cap			Large-Cap
	Growth			Growth			Equity			Core			Growth			Value
	Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		132,433			110,880			257,610			74,905			116,211			92,544
Administrative fees		29,560			25,961			64,766			15,484			26,590			21,032
Total Expenses		161,993			136,841			322,376			90,389			142,801			113,576
Net Investment Income (Loss)		(161,993	)		(136,841	)		(322,376	)		(90,389	)		(142,801	)		(113,576	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		54,594			100,458			(91,643	)		148,419			456,922			73,908
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		54,594			100,458			(91,643	)		148,419			456,922			73,908
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		3,901,158			3,247,840			3,825,457			1,525,423			3,639,100			1,240,227
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	3,793,759		$	3,211,457		$	3,411,438		$	1,583,453		$	3,953,221		$	1,200,559

	Mid-Cap			Mid-Cap			Mid-Cap			Small-Cap			Small-Cap			Small-Cap
	Equity			Growth			Value			Equity			Growth			Index
	Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		71,886			127,558			64,176			45,238			64,878			114,048
Administrative fees		15,545			28,286			13,225			9,960			14,224			28,624
Total Expenses		87,431			155,844			77,401			55,198			79,102			142,672
Net Investment Income (Loss)		(87,431	)		(155,844	)		(77,401	)		(55,198	)		(79,102	)		(142,672	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		34,000			274,234			(27,109	)		34			103,944			(126,482	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		34,000			274,234			(27,109	)		34			103,944			(126,482	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		944,070			1,935,196			948,603			680,546			704,130			2,111,788
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	890,639		$	2,053,586		$	844,093		$	625,382		$	728,972		$	1,842,634

See Notes to Financial Statements

SA-18

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

	Variable Accounts
	Small-Cap						Value			Emerging			International			International
	Value			Value			Advantage			Markets			Growth			Large-Cap
	Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		51,682			34,339			44,523			66,822			829			77,183
Administrative fees		10,953			6,846			8,874			14,100			240			16,557
Total Expenses		62,635			41,185			53,397			80,922			1,069			93,740
Net Investment Income (Loss)		(62,635	)		(41,185	)		(53,397	)		(80,922	)		(1,069	)		(93,740	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		10,698			33,621			2,053			2,798			(372	)		460,105
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		10,698			33,621			2,053			2,798			(372	)		460,105
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		351,216			87,319			377,501			513,562			22,728			875,951
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	299,279		$	79,755		$	326,157		$	435,438		$	21,287		$	1,242,316

		International			International			Health			Real						ESG
		Small-Cap			Value			Sciences			Estate			Technology			Diversified
		Class I			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		15,910			50,596			283,229			66,931			177,387			16,582
Administrative fees		3,061			10,069			62,598			14,027			40,613			4,379
Total Expenses		18,971			60,665			345,827			80,958			218,000			20,961
Net Investment Income (Loss)		(18,971	)		(60,665	)		(345,827	)		(80,958	)		(218,000	)		(20,961	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		63,509			68,860			1,582,613			81,948			189,124			(83,744	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		63,509			68,860			1,582,613			81,948			189,124			(83,744	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		161,469			742,599			(788,853	)		654,864			7,051,373			335,935
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	206,007		$	750,794		$	447,933		$	655,854		$	7,022,497		$	231,230

See Notes to Financial Statements

SA-19

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

		Variable Accounts
											Pacific			Pacific
		ESG			PSF Avantis			PSF Avantis			Dynamix -			Dynamix -			Pacific
		Diversified			Balanced			Balanced			Conservative			Moderate			Dynamix -
		Growth			Allocation			Allocation			Growth			Growth			Growth
		Class I			Class D			Class P			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		1,340			135,564			194			423,830			1,458,587			1,536,285
Administrative fees		330			34,572			388			93,659			328,911			380,527
Total Expenses		1,670			170,136			582			517,489			1,787,498			1,916,812
Net Investment Income (Loss)		(1,670	)		(170,136	)		(582	)		(517,489	)		(1,787,498	)		(1,916,812	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(157	)		(29,893	)		153			1,021,341			2,662,393			(1,053,965	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(157	)		(29,893	)		153			1,021,341			2,662,393			(1,053,965	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		21,828			1,925,723			17,158			3,528,057			17,262,168			25,627,837
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	20,001		$	1,725,694		$	16,729		$	4,031,909		$	18,137,063		$	22,657,060

								Portfolio									Portfolio
		Pacific			Portfolio			Optimization			Portfolio			Portfolio			Optimization
		Dynamix -			Optimization			Moderate-			Optimization			Optimization			Aggressive-
		Growth			Conservative			Conservative			Moderate			Growth			Growth
		Class P			Class I			Class I			Class I			Class I			Class I
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		43			803,092			1,283,182			4,975,864			4,154,423			1,103,078
Administrative fees		87			149,452			226,976			872,182			719,486			183,100
Total Expenses		130			952,544			1,510,158			5,848,046			4,873,909			1,286,178
Net Investment Income (Loss)		(130	)		(952,544	)		(1,510,158	)		(5,848,046	)		(4,873,909	)		(1,286,178	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		50			3,345,776			5,220,472			20,525,133			20,303,334			3,769,762
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		50			3,345,776			5,220,472			20,525,133			20,303,334			3,769,762
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		4,579			2,554,366			5,206,731			28,870,276			21,175,623			7,858,800
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	4,499		$	4,947,598		$	8,917,045		$	43,547,363		$	36,605,048		$	10,342,384

See Notes to Financial Statements

SA-20

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

	Variable Accounts
	Invesco
	Oppenheimer			Invesco V.I.			Invesco V.I.			Invesco V.I.
	V.I. International			Balanced-Risk			Equity and			Global			Invesco V.I.			Invesco V.I.
	Growth			Allocation			Income			Real Estate			Global			Technology
	Series II			Series II			Series II			Series II			Series II			Series I
INVESTMENT INCOME
Dividends	$	2,504		$	-		$	38,119		$	15,734		$	-		$	-
EXPENSES
Mortality and expense risk		7,640			199,120			20,169			8,237			17,139			22
Administrative fees		1,886			43,261			4,652			2,985			3,667			44
Total Expenses		9,526			242,381			24,821			11,222			20,806			66
Net Investment Income (Loss)		(7,022	)		(242,381	)		13,298			4,512			(20,806	)		(66	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(131,933	)		(1,542,145	)		(21,736	)		(25,546	)		(103,536	)		(175	)
Capital gain distributions		-			-			115,728			-			200,846			-
Realized Gain (Loss) on Investments		(131,933	)		(1,542,145	)		93,992			(25,546	)		97,310			(175	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		264,995			2,670,350			78,363			119,194			376,991			5,796
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	126,040		$	885,824		$	185,653		$	98,160		$	453,495		$	5,555

								American
		American			American			Funds			American			American			American
		Century			Century			IS American			Funds			Funds			Funds
		Inflation			VP Mid Cap			High-Income			IS Asset			IS Asset			IS Capital
		Protection			Value			Trust			Allocation			Allocation			Income Builder
		Class I (1)			Class II			Class 4			Class 1			Class 4			Class 1 (2)
INVESTMENT INCOME
Dividends	$	1,189		$	107,841		$	214,872		$	3,222		$	4,169,686		$	164
EXPENSES
Mortality and expense risk		33			51,836			29,291			194			2,338,678			12
Administrative fees		67			11,612			7,083			387			494,554			24
Total Expenses		100			63,448			36,374			581			2,833,232			36
Net Investment Income (Loss)		1,089			44,393			178,498			2,641			1,336,454			128
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(15	)		(59,586	)		(52,469	)		(33	)		(146,073	)		104
Capital gain distributions		-			545,240			-			4,956			8,330,033			-
Realized Gain (Loss) on Investments		(15	)		485,654			(52,469	)		4,923			8,183,960			104
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(81	)		(270,430	)		209,935			9,720			15,323,588			-
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	993		$	259,617		$	335,964		$	17,284		$	24,844,002		$	232

(1)

Operations commenced or resumed during 2023 (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-21

SEPARATE ACCOUNT A
STATEMENTS OF OPERATIONS (Continued)
FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

		Variable Accounts
								American
								Funds
		American			American			IS Capital			American			American			American
		Funds			Funds			World			Funds			Funds			Funds
		IS Capital			IS Capital			Growth and			IS Global			IS Global			IS Global Small
		Income Builder			World Bond			Income			Balanced			Growth			Capitalization
		Class 4			Class 4			Class 4			Class 4			Class 4			Class 4
INVESTMENT INCOME
Dividends	$	134,006		$	-		$	49,868		$	56,423		$	40,424		$	404
EXPENSES
Mortality and expense risk		49,221			8,203			28,624			36,609			57,369			14,225
Administrative fees		11,634			2,183			6,465			8,881			12,696			3,285
Total Expenses		60,855			10,386			35,089			45,490			70,065			17,510
Net Investment Income (Loss)		73,151			(10,386	)		14,779			10,933			(29,641	)		(17,106	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(33,050	)		(41,255	)		(171,679	)		(53,950	)		(22,119	)		(325,787	)
Capital gain distributions		-			-			-			462,113			429,996			20,298
Realized Gain (Loss) on Investments		(33,050	)		(41,255	)		(171,679	)		408,163			407,877			(305,489	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		317,927			93,878			649,068			18,691			659,758			524,113
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	358,028		$	42,237		$	492,168		$	437,787		$	1,037,994		$	201,518

																	American
								American			American						Funds
		American			American			Funds			Funds			American			IS International
		Funds			Funds			IS Growth-			IS Growth-			Funds			Growth and
		IS Growth			IS Growth			Income			Income			IS International			Income
		Class 1			Class 4			Class 1			Class 4			Class 4			Class 1 (1)
INVESTMENT INCOME
Dividends	$	791		$	59,511		$	998		$	187,230		$	34,159		$	386
EXPENSES
Mortality and expense risk		136			368,651			62			170,546			26,598			13
Administrative fees		273			79,309			123			38,949			6,886			27
Total Expenses		409			447,960			185			209,495			33,484			40
Net Investment Income (Loss)		382			(388,449	)		813			(22,265	)		675			346
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		689			(1,292,071	)		4			30,569			(107,136	)		(4	)
Capital gain distributions		3,764			1,937,945			1,052			878,774			-			-
Realized Gain (Loss) on Investments		4,453			645,874			1,056			909,343			(107,136	)		(4	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		32,081			10,194,813			7,294			2,627,385			525,295			437
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	36,916		$	10,452,238		$	9,163		$	3,514,463		$	418,834		$	779

(1)

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

See Notes to Financial Statements

SA-22

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

		Variable Accounts
					American			American
		American			Funds			Funds									American
		Funds			IS Managed			IS Managed			American			American			Funds
		IS International			Risk			Risk			Funds IS			Funds IS			IS The Bond
		Growth and			Asset			Asset			New World			New World			Fund
		Income			Allocation			Allocation			Fund			Fund			of America
		Class 4			Class P1 (1)			Class P2			Class 1 (2)			Class 4			Class 1
INVESTMENT INCOME
Dividends	$	38,216		$	268		$	262,231		$	1,798		$	37,646		$	3,868
EXPENSES
Mortality and expense risk		18,182			11			145,821			64			30,057			129
Administrative fees		4,017			22			34,791			129			7,046			259
Total Expenses		22,199			33			180,612			193			37,103			388
Net Investment Income (Loss)		16,017			235			81,619			1,605			543			3,480
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(427,374	)		(1,053	)		(189,008	)		(20	)		(60,527	)		(94	)
Capital gain distributions		-			1,453			1,675,648			-			-			-
Realized Gain (Loss) on Investments		(427,374	)		400			1,486,640			(20	)		(60,527	)		(94	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		634,977			-			(328,151	)		6,474			471,439			2,306
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	223,620		$	635		$	1,240,108		$	8,059		$	411,455		$	5,692

		American			American			American			American
		Funds			Funds IS			Funds IS			Funds
		IS The Bond			U.S.			U.S.			IS Washington			BlackRock			BlackRock
		Fund			Government			Government			Mutual			60/40 Target			Capital
		of America			Securities			Securities			Investors			Allocation ETF			Appreciation
		Class 4			Class 1 (2)			Class 4			Class 4			V.I. Class I			V.I. Class III
INVESTMENT INCOME
Dividends	$	223,091		$	1,581		$	81,408		$	188,938		$	436,799		$	-
EXPENSES
Mortality and expense risk		57,383			32			21,005			114,498			190,006			3,746
Administrative fees		14,609			64			5,098			25,862			46,339			833
Total Expenses		71,992			96			26,103			140,360			236,345			4,579
Net Investment Income (Loss)		151,099			1,485			55,305			48,578			200,454			(4,579	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(212,608	)		(599	)		(226,721	)		(260,336	)		(270,034	)		(12,424	)
Capital gain distributions		-			-			-			103,674			-			30,958
Realized Gain (Loss) on Investments		(212,608	)		(599	)		(226,721	)		(156,662	)		(270,034	)		18,534
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		291,932			(165	)		238,910			1,745,876			2,749,253			199,809
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	230,423		$	721		$	67,494		$	1,637,792		$	2,679,673		$	213,764

(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).

(2)

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

See Notes to Financial Statements

SA-23

SEPARATE ACCOUNT A
STATEMENTS OF OPERATIONS (Continued)
FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

		Variable Accounts
		BlackRock						BlackRock			Delaware Ivy						DFA VA
		Global			BlackRock			Small Cap			VIP Asset			Delaware Ivy			Global Bond
		Allocation			S&P 500 Index			Index			Strategy			VIP Energy			Institutional
		V.I. Class III			V.I. Class I			V.I. Class I			Class II			Class II			Class (1)
INVESTMENT INCOME
Dividends	$	2,208,950		$	862		$	2,653		$	68,796		$	124,117		$	1,405
EXPENSES
Mortality and expense risk		973,330			188			182			22,434			33,594			11
Administrative fees		202,730			188			273			5,660			8,058			21
Total Expenses		1,176,060			376			455			28,094			41,652			32
Net Investment Income (Loss)		1,032,890			486			2,198			40,702			82,465			1,373
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(1,733,984	)		96			(43	)		(93,729	)		127,758			(2	)
Capital gain distributions		-			2,535			4,946			-			-			-
Realized Gain (Loss) on Investments		(1,733,984	)		2,631			4,903			(93,729	)		127,758			(2	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		10,140,269			11,032			15,315			373,388			(163,903	)		(977	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	9,439,175		$	14,149		$	22,416		$	320,361		$	46,320		$	394

		DFA VA			DFA VA			DFA VA
		International			Short-Term			US Large			Fidelity VIP
		Value			Fixed			Value			Consumer			Fidelity VIP			Fidelity VIP
		Institutional			Institutional			Institutional			Discretionary			Contrafund			Contrafund
		Class (1)			Class (1)			Class			Initial Class (1)			Initial Class (1)			Service Class 2
INVESTMENT INCOME
Dividends	$	1,618		$	4,207		$	6,462		$	36		$	226		$	100,107
EXPENSES
Mortality and expense risk		13			74			189			17			38			392,181
Administrative fees		25			149			377			35			76			93,248
Total Expenses		38			223			566			52			114			485,429
Net Investment Income (Loss)		1,580			3,984			5,896			(16	)		112			(385,322	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(2	)		(12	)		(27	)		2			350			(464,691	)
Capital gain distributions		323			-			3,939			-			1,230			1,411,409
Realized Gain (Loss) on Investments		321			(12	)		3,912			2			1,580			946,718
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		996			(1,637	)		20,433			8,123			4,150			9,955,347
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	2,897		$	2,335		$	30,241		$	8,109		$	5,842		$	10,516,743

(1)

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

See Notes to Financial Statements

SA-24

SEPARATE ACCOUNT A
STATEMENTS OF OPERATIONS (Continued)
FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

		Variable Accounts
		Fidelity VIP			Fidelity VIP			Fidelity VIP			Fidelity VIP						Fidelity VIP
		Funds			Funds			Government			Government			Fidelity VIP			Investment
		Manager 60%			Manager 60%			Money Market			Money Market			Index 500			Grade Bond
		Investor Class (1)			Service Class 2			Initial Class (1)			Service Class			Initial Class (1)			Initial Class (1)
INVESTMENT INCOME
Dividends	$	136,279		$	888,856		$	39,952		$	1,365,059		$	556		$	6,156
EXPENSES
Mortality and expense risk		13,313			414,223			1,949			324,829			26			138
Administrative fees		4,438			96,454			2,390			68,907			52			276
Total Expenses		17,751			510,677			4,339			393,736			78			414
Net Investment Income (Loss)		118,528			378,179			35,613			971,323			478			5,742
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(720	)		(1,210,347	)		-			-			6			(30	)
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(720	)		(1,210,347	)		-			-			6			(30	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		301,476			5,675,995			-			-			2,937			3,378
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	419,284		$	4,843,827		$	35,613		$	971,323		$	3,421		$	9,090

											First
											Trust/Dow
		Fidelity VIP			First Trust			First Trust			Jones Dividend &
		Strategic			Dorsey Wright			Multi Income			Income			Franklin			Franklin
		Income			Tactical Core			Allocation			Allocation			Allocation			Allocation
		Service Class 2			Class I			Class I			Class I			VIP Class 2			VIP Class 4
INVESTMENT INCOME
Dividends	$	284,147		$	41,782		$	36,643		$	1,084,608		$	2,395		$	153,774
EXPENSES
Mortality and expense risk		65,719			21,463			11,961			505,401			1,318			135,083
Administrative fees		15,019			4,682			2,753			114,149			247			27,381
Total Expenses		80,738			26,145			14,714			619,550			1,565			162,464
Net Investment Income (Loss)		203,409			15,637			21,929			465,058			830			(8,690	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(65,639	)		(10,454	)		(30,526	)		(585,615	)		(2,022	)		(772,121	)
Capital gain distributions		-			-			32,269			830,292			2,780			190,883
Realized Gain (Loss) on Investments		(65,639	)		(10,454	)		1,743			244,677			758			(581,238	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		333,098			176,776			59,857			3,484,477			19,556			2,108,474
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	470,868		$	181,959		$	83,529		$	4,194,212		$	21,144		$	1,518,546

(1)

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

See Notes to Financial Statements

SA-25

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2023

		Variable Accounts
					Franklin			Franklin			Franklin						Janus
		Franklin			Mutual Global			Rising			Rising			Templeton			Henderson
		Income			Discovery			Dividends			Dividends			Global Bond			Balanced
		VIP Class 2			VIP Class 2			VIP Class 1			VIP Class 2			VIP Class 2			Service Shares
INVESTMENT INCOME
Dividends	$	597,810		$	96,683		$	167		$	118,048		$	-		$	7,977,276
EXPENSES
Mortality and expense risk		112,677			38,234			22			122,932			38,599			4,410,406
Administrative fees		27,456			8,123			45			29,086			8,931			1,052,695
Total Expenses		140,133			46,357			67			152,018			47,530			5,463,101
Net Investment Income (Loss)		457,677			50,326			100			(33,970	)		(47,530	)		2,514,175
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(139,612	)		(61,333	)		(14	)		(3,301	)		(271,743	)		(2,775,722	)
Capital gain distributions		724,737			210,406			1,515			1,354,809			-			-
Realized Gain (Loss) on Investments		585,125			149,073			1,501			1,351,508			(271,743	)		(2,775,722	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(249,406	)		515,403			109			(27,807	)		365,624			56,990,468
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	793,396		$	714,802		$	1,710		$	1,289,731		$	46,351		$	56,728,921

														MFS
		Janus			ClearBridge			Lord Abbett						Massachusetts			MFS
		Henderson			Variable			Bond			Lord Abbett			Investors			Total Return
		Flexible Bond			Aggressive			Debenture			Total Return			Growth Stock -			Series -
		Service Shares			Growth - Class II			Class VC			Class VC			Service Class			Service Class
INVESTMENT INCOME
Dividends	$	93,256		$	475		$	251,479		$	220,378		$	289		$	689,459
EXPENSES
Mortality and expense risk		25,590			7,875			46,148			43,793			3,789			369,301
Administrative fees		6,056			1,773			11,002			10,734			880			89,802
Total Expenses		31,646			9,648			57,150			54,527			4,669			459,103
Net Investment Income (Loss)		61,610			(9,173	)		194,329			165,851			(4,380	)		230,356
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(92,794	)		(130,860	)		(123,305	)		(198,272	)		3,309			(450,238	)
Capital gain distributions		-			77,532			-			-			31,235			1,645,587
Realized Gain (Loss) on Investments		(92,794	)		(53,328	)		(123,305	)		(198,272	)		34,544			1,195,349
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		131,420			219,509			176,810			295,381			91,022			1,842,046
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	100,236		$	157,008		$	247,834		$	262,960		$	121,186		$	3,267,751

See Notes to Financial Statements

SA-26

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

	Variable Accounts
										Neuberger
										Berman						PIMCO
	MFS			MFS			MFS			U.S. Equity Index						Commodity-
	Utilities			Utilities			Value			PutWrite			PIMCO All			RealReturn
	Series -			Series -			Series -			Strategy			Asset -			Strategy -
	Initial Class (1)			Service Class			Service Class			Class S			Advisor Class			Advisor Class
INVESTMENT INCOME
Dividends	$	515		$	161,480		$	11,482		$	-		$	5,406		$	240,327
EXPENSES
Mortality and expense risk		12			49,062			5,424			1,557			2,304			16,235
Administrative fees		25			11,301			1,218			393			529			3,360
Total Expenses		37			60,363			6,642			1,950			2,833			19,595
Net Investment Income (Loss)		478			101,117			4,840			(1,950	)		2,573			220,732
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(30	)		(62,633	)		5,111			(3,127	)		(24,524	)		(102,771	)
Capital gain distributions		797			270,860			57,555			-			-			-
Realized Gain (Loss) on Investments		767			208,227			62,666			(3,127	)		(24,524	)		(102,771	)
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		(1,137	)		(494,926	)		(13,905	)		25,834			34,221			(269,077	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	108		$	(185,582	)	$	53,601		$	20,757		$	12,270		$	(151,116	)

		PIMCO
		Emerging
		Markets						PIMCO			PIMCO
		Bond -			PIMCO			Low Duration -			Total Return -			Schwab
		Institutional			Income -			Institutional			Institutional			S&P 500			Schwab
		Class (1)			Advisor Class			Class (2)			Class			Index (1)			VIT Balanced
INVESTMENT INCOME
Dividends	$	299		$	115,951		$	623		$	2,901		$	621		$	78,612
EXPENSES
Mortality and expense risk		7			18,408			24			116			78			14,744
Administrative fees		15			5,181			49			231			156			10,532
Total Expenses		22			23,589			73			347			234			25,276
Net Investment Income (Loss)		277			92,362			550			2,554			387			53,336
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(3	)		(39,751	)		(108	)		(29	)		17			17,347
Capital gain distributions		-			-			-			-			-			-
Realized Gain (Loss) on Investments		(3	)		(39,751	)		(108	)		(29	)		17			17,347
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		412			103,263			-			3,780			17,426			396,308
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	686		$	155,874		$	442		$	6,305		$	17,830		$	466,991

(1)

Operations commenced or resumed during 2023 (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-27

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

		Variable Accounts
																	VanEck VIP
		Schwab						State Street			T. Rowe Price			T. Rowe Price			Global
		VIT Balanced			Schwab			Total Return			Blue Chip			Health			Resources
		with Growth			VIT Growth			V.I.S. Class 3			Growth - I (1)			Sciences - I			Class S
INVESTMENT INCOME
Dividends	$	123,542		$	59,125		$	307,952		$	-		$	-		$	26,766
EXPENSES
Mortality and expense risk		25,889			13,159			163,303			229			32			12,366
Administrative fees		18,492			9,399			30,776			458			63			2,766
Total Expenses		44,381			22,558			194,079			687			95			15,132
Net Investment Income (Loss)		79,161			36,567			113,873			(687	)		(95	)		11,634
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		54,537			39,121			(325,190	)		-			(5	)		98,179
Capital gain distributions		-			-			-			-			1,590			-
Realized Gain (Loss) on Investments		54,537			39,121			(325,190	)		-			1,585			98,179
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		852,852			497,440			2,124,200			38,258			1,263			(157,603	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	986,550		$	573,128		$	1,912,883		$	37,571		$	2,753		($	47,790	)

					Vanguard VIF			Vanguard VIF			Vanguard VIF			Vanguard VIF			Vanguard VIF
		Vanguard VIF			Capital			Conservative			Diversified			Equity			Equity
		Balanced			Growth (1)			Allocation			Value (1)			Income (1)			Index (1)
INVESTMENT INCOME
Dividends	$	30,766		$	-		$	2,506		$	-		$	-		$	-
EXPENSES
Mortality and expense risk		2,713			38			608			1,099			144			27
Administrative fees		4,970			75			801			1,099			288			55
Total Expenses		7,683			113			1,409			2,198			432			82
Net Investment Income (Loss)		23,083			(113	)		1,097			(2,198	)		(432	)		(82	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(1,395	)		4			59,041			296			(26	)		11
Capital gain distributions		59,622			-			3,243			-			-			-
Realized Gain (Loss) on Investments		58,227			4			62,284			296			(26	)		11
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		136,067			14,082			(7,751	)		80,428			12,275			8,345
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	217,377		$	13,973		$	55,630		$	78,526		$	11,817		$	8,274

(1)

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

See Notes to Financial Statements

SA-28

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2023

		Variable Accounts
																	Vanguard VIF
		Vanguard VIF						Vanguard VIF			Vanguard VIF			Vanguard VIF			Short-Term
		High Yield			Vanguard VIF			Mid-Cap			Moderate			Real Estate			Investment-
		Bond (1)			International (1)			Index (1)			Allocation (1)			Index			Grade (1)
INVESTMENT INCOME
Dividends	$	-		$	-		$	-		$	16,186		$	301		$	-
EXPENSES
Mortality and expense risk		17			24			118			2,070			66			68
Administrative fees		33			48			237			2,070			131			137
Total Expenses		50			72			355			4,140			197			205
Net Investment Income (Loss)		(50	)		(72	)		(355	)		12,046			104			(205	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		1			2			(22	)		(340	)		(114	)		5
Capital gain distributions		-			-			-			25,797			567			-
Realized Gain (Loss) on Investments		1			2			(22	)		25,457			453			5
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		2,421			7,413			19,243			31,024			13,802			3,660
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	2,372		$	7,343		$	18,866		$	68,527		$	14,359		$	3,460

					Vanguard VIF
					Total
		Vanguard VIF			International			Vanguard VIF
		Total Bond			Stock Market			Total Stock
		Market Index (1)			Index			Market Index (1)
INVESTMENT INCOME
Dividends	$	-		$	966		$	-
EXPENSES
Mortality and expense risk		92			281			165
Administrative fees		184			461			329
Total Expenses		276			742			494
Net Investment Income (Loss)		(276	)		224			(494	)
REALIZED GAIN (LOSS) ON INVESTMENTS
Realized gain (loss) on sale of investments		(69	)		(26	)		1,152
Capital gain distributions		-			404			-
Realized Gain (Loss) on Investments		(69	)		378			1,152
CHANGE IN NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS		16,963			55,391			50,744
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	16,618		$	55,993		$	51,402

(1)

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

See Notes to Financial Statements

SA-29

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS

	Variable Accounts
	Year/Period Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	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)	$	(18,720	)	$	(16,922	)	$	(110,356	)	$	(121,827	)	$	(131,571	)	$	(127,054	)
Realized gain (loss) on investments		(13,839	)		(15,462	)		(97,509	)		(263,766	)		165,006			(26,441	)
Change in net unrealized appreciation (depreciation) on investments		118,216			(163,681	)		423,542			(1,928,623	)		1,154,556			(133,334	)
Net Increase (Decrease) in Net Assets Resulting from Operations		85,657			(196,065	)		215,677			(2,314,216	)		1,187,991			(286,829	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		124,999			158,382			260,163			690,971			399,728			867,915
Transfers between variable and fixed accounts, net		(20,307	)		112,839			649,343			(258,744	)		83,089			884,194
Contract benefits and terminations		(77,297	)		(81,224	)		(1,081,149	)		(1,721,326	)		(1,422,057	)		(1,166,842	)
Contract charges and deductions		(42	)		(38	)		(13,910	)		(14,651	)		(8,090	)		(8,054	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			277			237			274			191
Other		(6	)		(85	)		427			79			(53	)		116
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		27,347			189,874			(184,849	)		(1,303,434	)		(947,109	)		577,520
NET INCREASE (DECREASE) IN NET ASSETS		113,004			(6,191	)		30,828			(3,617,650	)		240,882			290,691
NET ASSETS
Beginning of Year		1,380,430			1,386,621			9,149,061			12,766,711			9,839,259			9,548,568
End of Year	$	1,493,434		$	1,380,430		$	9,179,889		$	9,149,061		$	10,080,141		$	9,839,259

		Floating Rate Income						High Yield Bond						Inflation Managed
		Class P (1)						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(33	)				$	(90,206	)	$	(98,865	)	$	(107,137	)	$	(116,241	)
Realized gain (loss) on investments		907						147,177			38,715			(90,180	)		(125,576	)
Change in net unrealized appreciation (depreciation) on investments		-						621,453			(895,818	)		377,230			(1,038,838	)
Net Increase (Decrease) in Net Assets Resulting from Operations		874						678,424			(955,968	)		179,913			(1,280,655	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		12,602						110,417			464,088			196,937			1,048,853
Transfers between variable and fixed accounts, net		(13,387	)					232,038			259,966			(221,238	)		1,008,929
Contract benefits and terminations		(89	)					(813,407	)		(1,123,195	)		(1,176,500	)		(796,146	)
Contract charges and deductions		-						(15,705	)		(16,256	)		(10,152	)		(9,993	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-						1			-			241			209
Other		-						(518	)		34			84			(173	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(874	)					(487,174	)		(415,363	)		(1,210,628	)		1,251,679
NET INCREASE (DECREASE) IN NET ASSETS		-						191,250			(1,371,331	)		(1,030,715	)		(28,976	)
NET ASSETS
Beginning of Year or Period		-						6,565,913			7,937,244			8,847,430			8,876,406
End of Year or Period	$	-					$	6,757,163		$	6,565,913		$	7,816,715		$	8,847,430

(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-30

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
				Year/Period
	Year Ended			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 (1)						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(3,489	)	$	(936	)	$	(128,998	)	$	(153,318	)	$	(141,353	)	$	(148,432	)
Realized gain (loss) on investments		(395	)		(831	)		95,356			364,192			(24,181	)		(85,056	)
Change in net unrealized appreciation (depreciation) on investments		20,501			(1,503	)		507,737			(2,242,707	)		620,913			(544,493	)
Net Increase (Decrease) in Net Assets Resulting from Operations		16,617			(3,270	)		474,095			(2,031,833	)		455,379			(777,981	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		50,652			178,871			307,061			311,007			671,329			846,081
Transfers between variable and fixed accounts, net		91,079			87,141			673,047			(574,460	)		(472,039	)		(449,863	)
Contract benefits and terminations		(6,549	)		(164	)		(1,402,331	)		(2,094,557	)		(911,819	)		(1,042,142	)
Contract charges and deductions		(664	)		(75	)		(21,215	)		(22,079	)		(17,058	)		(18,040	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			288			243			(3,008	)		326
Other		(6	)		(11	)		(147	)		293			18			99
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		134,512			265,762			(443,297	)		(2,379,553	)		(732,577	)		(663,539	)
NET INCREASE (DECREASE) IN NET ASSETS		151,129			262,492			30,798			(4,411,386	)		(277,198	)		(1,441,520	)
NET ASSETS
Beginning of Year or Period		262,492			-			9,682,214			14,093,600			12,741,093			14,182,613
End of Year or Period	$	413,621		$	262,492		$	9,713,012		$	9,682,214		$	12,463,895		$	12,741,093

		Emerging Markets Debt						Dividend Growth						Equity Index
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(20,183	)	$	(23,258	)	$	(361,617	)	$	(338,684	)	$	(1,691,064	)	$	(1,703,897	)
Realized gain (loss) on investments		(12,785	)		(55,387	)		30,422			(134,036	)		3,219,480			(1,179,375	)
Change in net unrealized appreciation (depreciation) on investments		191,075			(144,998	)		3,635,357			(2,753,304	)		28,339,429			(27,762,138	)
Net Increase (Decrease) in Net Assets Resulting from Operations		158,107			(223,643	)		3,304,162			(3,226,024	)		29,867,845			(30,645,410	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		118,621			8,003			1,232,397			2,813,092			4,915,128			10,043,791
Transfers between variable and fixed accounts, net		(57,262	)		(140,952	)		1,790,206			2,686,939			(1,166,492	)		3,868,866
Contract benefits and terminations		(147,108	)		(152,515	)		(3,634,932	)		(1,946,507	)		(18,688,503	)		(10,340,176	)
Contract charges and deductions		(3,336	)		(3,530	)		(21,690	)		(22,735	)		(17,598	)		(17,756	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(678	)		(1	)		-			-
Other		10			56			842			5,508			(3,296	)		21,877
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(89,075	)		(288,938	)		(633,855	)		3,536,296			(14,960,761	)		3,576,602
NET INCREASE (DECREASE) IN NET ASSETS		69,032			(512,581	)		2,670,307			310,272			14,907,084			(27,068,808	)
NET ASSETS
Beginning of Year		1,484,596			1,997,177			28,435,757			28,125,485			130,003,246			157,072,054
End of Year	$	1,553,628		$	1,484,596		$	31,106,064		$	28,435,757		$	144,910,330		$	130,003,246

(1)

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

See Notes to Financial Statements

SA-31

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	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)	$	(161,993	)	$	(157,156	)	$	(136,841	)	$	(134,654	)	$	(322,376	)	$	(131,804	)
Realized gain (loss) on investments		54,594			(92,752	)		100,458			(188,696	)		(91,643	)		(127,287	)
Change in net unrealized appreciation (depreciation) on investments		3,901,158			(5,531,395	)		3,247,840			(4,101,682	)		3,825,457			(281,352	)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,793,759			(5,781,303	)		3,211,457			(4,425,032	)		3,411,438			(540,443	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		368,023			461,909			299,896			1,134,086			8,142,443			6,469,296
Transfers between variable and fixed accounts, net		429,760			(631,390	)		798,963			(169,384	)		8,625,043			8,471,755
Contract benefits and terminations		(743,243	)		(860,238	)		(1,285,216	)		(735,215	)		(1,898,742	)		(735,273	)
Contract charges and deductions		(4,259	)		(3,954	)		(7,138	)		(7,061	)		(241,860	)		(107,120	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			(1	)		-			-			-			-
Other		522			(94	)		(2,709	)		337			2,364			4,918
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		50,803			(1,033,768	)		(196,204	)		222,763			14,629,248			14,103,576
NET INCREASE (DECREASE) IN NET ASSETS		3,844,562			(6,815,071	)		3,015,253			(4,202,269	)		18,040,686			13,563,133
NET ASSETS
Beginning of Year		10,550,365			17,365,436			9,695,403			13,897,672			19,383,117			5,819,984
End of Year	$	14,394,927		$	10,550,365		$	12,710,656		$	9,695,403		$	37,423,803		$	19,383,117

		Large-Cap Core						Large-Cap Growth						Large-Cap Value
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(90,389	)	$	(94,392	)	$	(142,801	)	$	(144,602	)	$	(113,576	)	$	(109,667	)
Realized gain (loss) on investments		148,419			41,200			456,922			293,107			73,908			(18,657	)
Change in net unrealized appreciation (depreciation) on investments		1,525,423			(1,788,373	)		3,639,100			(6,241,503	)		1,240,227			(568,822	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,583,453			(1,841,565	)		3,953,221			(6,092,998	)		1,200,559			(697,146	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		343,515			173,719			805,485			901,965			292,464			707,901
Transfers between variable and fixed accounts, net		163,005			(58,147	)		231,137			(342,374	)		104,027			627,186
Contract benefits and terminations		(598,348	)		(262,010	)		(1,752,380	)		(1,171,167	)		(890,804	)		(967,982	)
Contract charges and deductions		(6,603	)		(6,147	)		(3,263	)		(3,251	)		(12,695	)		(12,958	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		267			209			-			-			-			-
Other		(208	)		(74	)		(221	)		387			(429	)		(1,720	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(98,372	)		(152,450	)		(719,242	)		(614,440	)		(507,437	)		352,427
NET INCREASE (DECREASE) IN NET ASSETS		1,485,081			(1,994,015	)		3,233,979			(6,707,438	)		693,122			(344,719	)
NET ASSETS
Beginning of Year		6,198,639			8,192,654			9,518,997			16,226,435			9,203,853			9,548,572
End of Year	$	7,683,720		$	6,198,639		$	12,752,976		$	9,518,997		$	9,896,975		$	9,203,853

See Notes to Financial Statements

SA-32

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	Mid-Cap Equity						Mid-Cap Growth						Mid-Cap Value
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(87,431	)	$	(92,123	)	$	(155,844	)	$	(162,654	)	$	(77,401	)	$	(72,052	)
Realized gain (loss) on investments		34,000			(77,003	)		274,234			(4,548	)		(27,109	)		(44,202	)
Change in net unrealized appreciation (depreciation) on investments		944,070			(1,269,384	)		1,935,196			(5,185,116	)		948,603			(460,501	)
Net Increase (Decrease) in Net Assets Resulting from Operations		890,639			(1,438,510	)		2,053,586			(5,352,318	)		844,093			(576,755	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		162,467			434,323			380,623			474,411			360,607			220,294
Transfers between variable and fixed accounts, net		(262,434	)		258,977			26,140			(130,102	)		1,094,134			(873,225	)
Contract benefits and terminations		(669,009	)		(256,728	)		(1,170,793	)		(694,086	)		(668,890	)		(318,207	)
Contract charges and deductions		(8,589	)		(8,612	)		(11,448	)		(11,159	)		(7,591	)		(7,986	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		78			64			(270	)		-			-			-
Other		482			551			124			(93	)		(977	)		159
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(777,005	)		428,575			(775,624	)		(361,029	)		777,283			(978,965	)
NET INCREASE (DECREASE) IN NET ASSETS		113,634			(1,009,935	)		1,277,962			(5,713,347	)		1,621,376			(1,555,720	)
NET ASSETS
Beginning of Year		6,832,953			7,842,888			11,524,789			17,238,136			5,312,416			6,868,136
End of Year	$	6,946,587		$	6,832,953		$	12,802,751		$	11,524,789		$	6,933,792		$	5,312,416

		Small-Cap Equity						Small-Cap Growth						Small-Cap Index
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(55,198	)	$	(38,428	)	$	(79,102	)	$	(85,100	)	$	(142,672	)	$	(135,009	)
Realized gain (loss) on investments		34			(24,516	)		103,944			26,890			(126,482	)		(286,814	)
Change in net unrealized appreciation (depreciation) on investments		680,546			(385,561	)		704,130			(2,605,639	)		2,111,788			(2,677,126	)
Net Increase (Decrease) in Net Assets Resulting from Operations		625,382			(448,505	)		728,972			(2,663,849	)		1,842,634			(3,098,949	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,450,623			416,693			109,941			373,255			466,678			434,748
Transfers between variable and fixed accounts, net		868,336			469,590			317,140			(76,478	)		1,879,874			876,751
Contract benefits and terminations		(643,469	)		(156,900	)		(666,137	)		(412,392	)		(1,162,640	)		(1,018,546	)
Contract charges and deductions		(1,759	)		(1,950	)		(6,235	)		(6,128	)		(2,821	)		(2,880	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			(1	)		(386	)		-			46			39
Other		7,827			877			25			224			(1,321	)		816
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,681,558			728,309			(245,652	)		(121,519	)		1,179,816			290,928
NET INCREASE (DECREASE) IN NET ASSETS		2,306,940			279,804			483,320			(2,785,368	)		3,022,450			(2,808,021	)
NET ASSETS
Beginning of Year		3,512,107			3,232,303			5,868,956			8,654,324			11,466,965			14,274,986
End of Year	$	5,819,047		$	3,512,107		$	6,352,276		$	5,868,956		$	14,489,415		$	11,466,965

See Notes to Financial Statements

SA-33

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	Small-Cap Value						Value						Value Advantage
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(62,635	)	$	(66,843	)	$	(41,185	)	$	(46,656	)	$	(53,397	)	$	(60,198	)
Realized gain (loss) on investments		10,698			144,888			33,621			(4,467	)		2,053			(15,601	)
Change in net unrealized appreciation (depreciation) on investments		351,216			(1,126,955	)		87,319			(1,627	)		377,501			(164,790	)
Net Increase (Decrease) in Net Assets Resulting from Operations		299,279			(1,048,910	)		79,755			(52,750	)		326,157			(240,589	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		383,065			358,518			318,513			258,836			276,802			297,525
Transfers between variable and fixed accounts, net		(71,666	)		31,762			(197,997	)		620,273			(169,200	)		328,820
Contract benefits and terminations		(528,172	)		(418,875	)		(320,513	)		(275,759	)		(631,880	)		(300,446	)
Contract charges and deductions		(4,532	)		(4,611	)		(6,243	)		(6,904	)		(1,151	)		(1,083	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(1	)		(1	)		(641	)		-			-			-
Other		467			107			197			(155	)		221			165
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(220,839	)		(33,100	)		(206,684	)		596,291			(525,208	)		324,981
NET INCREASE (DECREASE) IN NET ASSETS		78,440			(1,082,010	)		(126,929	)		543,541			(199,051	)		84,392
NET ASSETS
Beginning of Year		4,982,963			6,064,973			3,604,670			3,061,129			4,489,853			4,405,461
End of Year	$	5,061,403		$	4,982,963		$	3,477,741		$	3,604,670		$	4,290,802		$	4,489,853

		Emerging Markets						International Growth						International Large-Cap
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(80,922	)	$	(78,473	)	$	(1,069	)	$	(619	)	$	(93,740	)	$	(96,401	)
Realized gain (loss) on investments		2,798			(116,156	)		(372	)		(228	)		460,105			34,890
Change in net unrealized appreciation (depreciation) on investments		513,562			(1,724,614	)		22,728			(5,887	)		875,951			(1,442,503	)
Net Increase (Decrease) in Net Assets Resulting from Operations		435,438			(1,919,243	)		21,287			(6,734	)		1,242,316			(1,504,014	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		203,764			452,789			17,395			61,309			259,108			213,550
Transfers between variable and fixed accounts, net		734,128			418,253			157,654			363			(190,679	)		(76,604	)
Contract benefits and terminations		(574,582	)		(723,360	)		(740	)		-			(1,086,459	)		(486,292	)
Contract charges and deductions		(11,973	)		(12,128	)		-			-			(22,862	)		(23,131	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		1			-			-			-			(1,158	)		183
Other		(68	)		(791	)		(5	)		(5	)		(833	)		145
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		351,270			134,763			174,304			61,667			(1,042,883	)		(372,149	)
NET INCREASE (DECREASE) IN NET ASSETS		786,708			(1,784,480	)		195,591			54,933			199,433			(1,876,163	)
NET ASSETS
Beginning of Year		5,543,619			7,328,099			64,741			9,808			7,546,129			9,422,292
End of Year	$	6,330,327		$	5,543,619		$	260,332		$	64,741		$	7,745,562		$	7,546,129

See Notes to Financial Statements

SA-34

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	International Small-Cap						International Value						Health Sciences
	Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(18,971	)	$	(19,729	)	$	(60,665	)	$	(61,941	)	$	(345,827	)	$	(371,771	)
Realized gain (loss) on investments		63,509			14,580			68,860			124,319			1,582,613			349,602
Change in net unrealized appreciation (depreciation) on investments		161,469			(303,830	)		742,599			(279,349	)		(788,853	)		(2,244,764	)
Net Increase (Decrease) in Net Assets Resulting from Operations		206,007			(308,979	)		750,794			(216,971	)		447,933			(2,266,933	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		8,080			67,695			98,682			286,037			415,954			784,341
Transfers between variable and fixed accounts, net		37,128			(3,382	)		454,889			(368,978	)		(38,809	)		189,469
Contract benefits and terminations		(240,545	)		(75,093	)		(587,459	)		(695,934	)		(2,940,041	)		(2,338,260	)
Contract charges and deductions		(5,124	)		(5,216	)		(15,937	)		(16,731	)		(12,623	)		(13,195	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			(2	)		250			177			-			-
Other		45			(12	)		(440	)		(398	)		909			272
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(200,416	)		(16,010	)		(50,015	)		(795,827	)		(2,574,610	)		(1,377,373	)
NET INCREASE (DECREASE) IN NET ASSETS		5,591			(324,989	)		700,779			(1,012,798	)		(2,126,677	)		(3,644,306	)
NET ASSETS
Beginning of Year		1,425,344			1,750,333			4,094,109			5,106,907			27,867,227			31,511,533
End of Year	$	1,430,935		$	1,425,344		$	4,794,888		$	4,094,109		$	25,740,550		$	27,867,227

		Real Estate						Technology						ESG Diversified
		Class I						Class I						Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(80,958	)	$	(91,700	)	$	(218,000	)	$	(196,618	)	$	(20,961	)	$	(21,711	)
Realized gain (loss) on investments		81,948			194,873			189,124			(371,290	)		(83,744	)		(6,021	)
Change in net unrealized appreciation (depreciation) on investments		654,864			(2,321,115	)		7,051,373			(6,981,774	)		335,935			(316,341	)
Net Increase (Decrease) in Net Assets Resulting from Operations		655,854			(2,217,942	)		7,022,497			(7,549,682	)		231,230			(344,073	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		129,581			280,632			589,104			1,230,227			126,662			181,785
Transfers between variable and fixed accounts, net		552,904			88,607			1,390,770			836,580			(353,391	)		696,692
Contract benefits and terminations		(795,226	)		(738,531	)		(1,662,311	)		(1,464,066	)		(11,868	)		(1,113	)
Contract charges and deductions		(7,249	)		(7,427	)		(8,410	)		(7,506	)		(21,534	)		(24,128	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		64			58			57			43			-			-
Other		93			(1,532	)		(982	)		1,383			22			(33	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(119,833	)		(378,193	)		308,228			596,661			(260,109	)		853,203
NET INCREASE (DECREASE) IN NET ASSETS		536,021			(2,596,135	)		7,330,725			(6,953,021	)		(28,879	)		509,130
NET ASSETS
Beginning of Year		5,786,859			8,382,994			13,198,996			20,152,017			1,884,148			1,375,018
End of Year	$	6,322,880		$	5,786,859		$	20,529,721		$	13,198,996		$	1,855,269		$	1,884,148

See Notes to Financial Statements

SA-35

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

	ESG Diversified Growth						PSF Avantis						PSF Avantis
	Class I						Balanced Allocation Class D						Balanced Allocation Class P (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,670	)	$	(1,252	)	$	(170,136	)	$	(162,103	)	$	(582	)	$	(36	)
Realized gain (loss) on investments		(157	)		(190	)		(29,893	)		(223,056	)		153			(2	)
Change in net unrealized appreciation (depreciation) on investments		21,828			(16,226	)		1,925,723			(2,044,127	)		17,158			(1,996	)
Net Increase (Decrease) in Net Assets Resulting from Operations		20,001			(17,668	)		1,725,694			(2,429,286	)		16,729			(2,034	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			133,365			1,169,342			2,331,454			-			126,556
Transfers between variable and fixed accounts, net		(40	)		95			(1,504	)		(23,249	)		-			-
Contract benefits and terminations		-			-			(739,676	)		(997,020	)		(1,297	)		(89	)
Contract charges and deductions		(8	)		(8	)		(140,582	)		(117,347	)		(1,581	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(2	)		(4	)		(992	)		(742	)		(1	)		-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(50	)		133,448			286,588			1,193,096			(2,879	)		126,467
NET INCREASE (DECREASE) IN NET ASSETS		19,951			115,780			2,012,282			(1,236,190	)		13,850			124,433
NET ASSETS
Beginning of Year or Period		123,553			7,773			13,598,087			14,834,277			124,433			-
End of Year or Period	$	143,504		$	123,553		$	15,610,369		$	13,598,087		$	138,283		$	124,433

		Pacific Dynamix -						Pacific Dynamix -						Pacific Dynamix -
		Conservative Growth Class I						Moderate Growth Class I						Growth Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(517,489	)	$	(554,520	)	$	(1,787,498	)	$	(1,856,136	)	$	(1,916,812	)	$	(1,438,088	)
Realized gain (loss) on investments		1,021,341			655,831			2,662,393			1,772,655			(1,053,965	)		(489,565	)
Change in net unrealized appreciation (depreciation) on investments		3,528,057			(7,862,173	)		17,262,168			(28,221,338	)		25,627,837			(19,642,725	)
Net Increase (Decrease) in Net Assets Resulting from Operations		4,031,909			(7,760,862	)		18,137,063			(28,304,819	)		22,657,060			(21,570,378	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,527,562			2,369,372			8,235,428			10,732,956			31,134,484			36,940,428
Transfers between variable and fixed accounts, net		54,671			(72,305	)		1,675,121			(1,892,852	)		2,351,086			11,799,140
Contract benefits and terminations		(4,288,589	)		(4,374,933	)		(14,413,212	)		(13,830,913	)		(9,117,679	)		(2,888,034	)
Contract charges and deductions		(221,695	)		(214,982	)		(1,064,625	)		(1,006,483	)		(1,313,005	)		(927,639	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(29,629	)		-			176			191
Other		291			(40	)		(2,757	)		(7,808	)		(3,686	)		2,421
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(2,927,760	)		(2,292,888	)		(5,599,674	)		(6,005,100	)		23,051,376			44,926,507
NET INCREASE (DECREASE) IN NET ASSETS		1,104,149			(10,053,750	)		12,537,389			(34,309,919	)		45,708,436			23,356,129
NET ASSETS
Beginning of Year		40,483,390			50,537,140			135,517,383			169,827,302			131,379,169			108,023,040
End of Year	$	41,587,539		$	40,483,390		$	148,054,772		$	135,517,383		$	177,087,605		$	131,379,169

(1)

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

See Notes to Financial Statements

SA-36

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
				Year/Period
	Year Ended			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 -						Portfolio Optimization						Portfolio Optimization
	Growth Class P (1)						Conservative Class I						Moderate-Conservative Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(130	)	$	(60	)	$	(952,544	)	$	(1,106,480	)	$	(1,510,158	)	$	(1,679,719	)
Realized gain (loss) on investments		50			4			3,345,776			204,725			5,220,472			4,238,166
Change in net unrealized appreciation (depreciation) on investments		4,579			411			2,554,366			(11,953,289	)		5,206,731			(23,385,594	)
Net Increase (Decrease) in Net Assets Resulting from Operations		4,499			355			4,947,598			(12,855,044	)		8,917,045			(20,827,147	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			27,014			1,779,422			874,652			2,248,585			1,519,868
Transfers between variable and fixed accounts, net		-			-			(630,396	)		5,550,450			(385,205	)		(215,729	)
Contract benefits and terminations		(434	)		(207	)		(14,665,545	)		(7,742,504	)		(13,213,082	)		(9,950,844	)
Contract charges and deductions		-			-			(491,003	)		(558,194	)		(651,353	)		(701,614	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(13,935	)		2,707			(27,679	)		169
Other		(1	)		(2	)		13,517			(3,530	)		843			(124	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(435	)		26,805			(14,007,940	)		(1,876,419	)		(12,027,891	)		(9,348,274	)
NET INCREASE (DECREASE) IN NET ASSETS		4,064			27,160			(9,060,342	)		(14,731,463	)		(3,110,846	)		(30,175,421	)
NET ASSETS
Beginning of Year or Period		27,160			-			73,297,660			88,029,123			101,571,276			131,746,697
End of Year or Period	$	31,224		$	27,160		$	64,237,318		$	73,297,660		$	98,460,430		$	101,571,276

		Portfolio Optimization						Portfolio Optimization						Portfolio Optimization
		Moderate Class I						Growth Class I						Aggressive-Growth Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(5,848,046	)	$	(6,420,876	)	$	(4,873,909	)	$	(5,345,333	)	$	(1,286,178	)	$	(1,352,095	)
Realized gain (loss) on investments		20,525,133			19,097,339			20,303,334			14,808,972			3,769,762			3,126,113
Change in net unrealized appreciation (depreciation) on investments		28,870,276			(95,701,893	)		21,175,623			(81,594,798	)		7,858,800			(20,210,350	)
Net Increase (Decrease) in Net Assets Resulting from Operations		43,547,363			(83,025,430	)		36,605,048			(72,131,159	)		10,342,384			(18,436,332	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		3,396,063			4,312,696			1,908,241			3,092,082			347,291			551,241
Transfers between variable and fixed accounts, net		1,560,358			(3,832,426	)		(645,074	)		77,979			132,509			656,400
Contract benefits and terminations		(40,250,425	)		(32,980,070	)		(32,457,952	)		(23,769,750	)		(5,297,084	)		(4,909,649	)
Contract charges and deductions		(3,032,058	)		(3,192,968	)		(2,600,625	)		(2,660,495	)		(652,712	)		(672,058	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(27,733	)		(48,554	)		152			(15,414	)		-			-
Other		14,034			3,542			6,529			8,818			809			277
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(38,339,761	)		(35,737,780	)		(33,788,729	)		(23,266,780	)		(5,469,187	)		(4,373,789	)
NET INCREASE (DECREASE) IN NET ASSETS		5,207,602			(118,763,210	)		2,816,319			(95,397,939	)		4,873,197			(22,810,121	)
NET ASSETS
Beginning of Year		379,611,536			498,374,746			307,764,715			403,162,654			76,219,091			99,029,212
End of Year	$	384,819,138		$	379,611,536		$	310,581,034		$	307,764,715		$	81,092,288		$	76,219,091

(1)

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

See Notes to Financial Statements

SA-37

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

	Invesco Oppenheimer V.I.						Invesco V.I. Balanced-Risk						Invesco V.I. Equity and
	International Growth Series II						Allocation Series II						Income Series II
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(7,022	)	$	(11,321	)	$	(242,381	)	$	1,220,852		$	13,298		$	8,659
Realized gain (loss) on investments		(131,933	)		8,132			(1,542,145	)		349,051			93,992			296,705
Change in net unrealized appreciation (depreciation) on investments		264,995			(342,707	)		2,670,350			(4,939,038	)		78,363			(447,512	)
Net Increase (Decrease) in Net Assets Resulting from Operations		126,040			(345,896	)		885,824			(3,369,135	)		185,653			(142,148	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		84,587			28,130			2,044,115			1,791,413			88,315			185,926
Transfers between variable and fixed accounts, net		(69,188	)		(151,133	)		(1,478,754	)		1,519,724			84,296			(40,946	)
Contract benefits and terminations		(48,252	)		(57,500	)		(2,269,286	)		(1,915,558	)		(111,482	)		(126,629	)
Contract charges and deductions		(34	)		(16	)		(193,282	)		(188,389	)		(1,123	)		(1,458	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(6	)		(5	)		1,081			41			(23	)		(21	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(32,893	)		(180,524	)		(1,896,126	)		1,207,231			59,983			16,872
NET INCREASE (DECREASE) IN NET ASSETS		93,147			(526,420	)		(1,010,302	)		(2,161,904	)		245,636			(125,276	)
NET ASSETS
Beginning of Year		717,693			1,244,113			18,801,850			20,963,754			2,027,098			2,152,374
End of Year	$	810,840		$	717,693		$	17,791,548		$	18,801,850		$	2,272,734		$	2,027,098

		Invesco V.I. Global						Invesco V.I.						Invesco V.I.
		Real Estate Series II						Global Series II						Technology Series I (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	4,512		$	24,682		$	(20,806	)	$	(20,427	)	$	(66	)	$	(30	)
Realized gain (loss) on investments		(25,546	)		(100,114	)		97,310			160,299			(175	)		5,549
Change in net unrealized appreciation (depreciation) on investments		119,194			(444,188	)		376,991			(831,382	)		5,796			(6,847	)
Net Increase (Decrease) in Net Assets Resulting from Operations		98,160			(519,620	)		453,495			(691,510	)		5,555			(1,328	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		134,274			80,733			207,934			52,838			-			13,507
Transfers between variable and fixed accounts, net		51,196			(511,082	)		113,335			92,637			-			-
Contract benefits and terminations		(38,274	)		(376,262	)		(291,715	)		(160,769	)		(225	)		(100	)
Contract charges and deductions		(98	)		(59	)		(94	)		(98	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(8	)		(661	)		67			154			(1	)		-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		147,090			(807,331	)		29,527			(15,238	)		(226	)		13,407
NET INCREASE (DECREASE) IN NET ASSETS		245,250			(1,326,951	)		483,022			(706,748	)		5,329			12,079
NET ASSETS
Beginning of Year or Period		1,126,345			2,453,296			1,432,726			2,139,474			12,079			-
End of Year or Period	$	1,371,595		$	1,126,345		$	1,915,748		$	1,432,726		$	17,408		$	12,079

(1)

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

See Notes to Financial Statements

SA-38

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Period 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

	American Century						American Century						American Funds IS American
	Inflation Protection Class I (1)						VP Mid Cap Value Class II						High-Income Trust Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,089					$	44,393		$	42,718		$	178,498		$	139,965
Realized gain (loss) on investments		(15	)					485,654			560,434			(52,469	)		(167,655	)
Change in net unrealized appreciation (depreciation) on investments		(81	)					(270,430	)		(744,623	)		209,935			(363,101	)
Net Increase (Decrease) in Net Assets Resulting from Operations		993						259,617			(141,471	)		335,964			(390,791	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-						385,158			494,727			209,539			364,989
Transfers between variable and fixed accounts, net		54,424						(247,171	)		484,652			1,185,843			(960,732	)
Contract benefits and terminations		(261	)					(535,684	)		(508,131	)		(344,332	)		(367,258	)
Contract charges and deductions		-						(545	)		(605	)		(1,282	)		(986	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-						-			(1	)		-			-
Other		(1	)					68			(159	)		(251	)		265
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		54,162						(398,174	)		470,483			1,049,517			(963,722	)
NET INCREASE (DECREASE) IN NET ASSETS		55,155						(138,557	)		329,012			1,385,481			(1,354,513	)
NET ASSETS
Beginning of Year or Period		-						5,358,088			5,029,076			2,370,345			3,724,858
End of Year or Period	$	55,155					$	5,219,531		$	5,358,088		$	3,755,826		$	2,370,345

	American Funds IS Asset						American Funds IS Asset						American Funds IS Capital
	Allocation Class 1 (2)						Allocation Class 4						Income Builder Class 1 (3)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	2,641		$	2,171		$	1,336,454		$	662,048		$	128
Realized gain (loss) on investments		4,923			(4	)		8,183,960			21,699,942			104
Change in net unrealized appreciation (depreciation) on investments		9,720			(3,896	)		15,323,588			(60,994,973	)		-
Net Increase (Decrease) in Net Assets Resulting from Operations		17,284			(1,729	)		24,844,002			(38,632,983	)		232
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			126,556			9,319,915			14,203,514			13,272
Transfers between variable and fixed accounts, net		-			-			(2,709,259	)		(6,760,899	)		(13,446	)
Contract benefits and terminations		(1,297	)		(90	)		(22,325,142	)		(18,236,091	)		(58	)
Contract charges and deductions		(1,578	)		-			(1,767,137	)		(1,774,483	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			786			634			-
Other		1			-			6,634			28,677			-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(2,874	)		126,466			(17,474,203	)		(12,538,648	)		(232	)
NET INCREASE (DECREASE) IN NET ASSETS		14,410			124,737			7,369,799			(51,171,631	)		-
NET ASSETS
Beginning of Year or Period		124,737			-			208,030,483			259,202,114			-
End of Year or Period	$	139,147		$	124,737		$	215,400,282		$	208,030,483		$	-

(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).
(3)	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-39

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						American Funds IS						American Funds IS Capital World
	Income Builder Class 4						Capital World Bond Class 4						Growth and Income Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	73,151		$	64,274		$	(10,386	)	$	(9,118	)	$	14,779		$	26,010
Realized gain (loss) on investments		(33,050	)		(61,491	)		(41,255	)		(37,562	)		(171,679	)		480,330
Change in net unrealized appreciation (depreciation) on investments		317,927			(441,570	)		93,878			(196,530	)		649,068			(1,040,497	)
Net Increase (Decrease) in Net Assets Resulting from Operations		358,028			(438,787	)		42,237			(243,210	)		492,168			(534,157	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		99,152			1,295,941			20,480			32,610			212,580			388,824
Transfers between variable and fixed accounts, net		76,226			162,935			(16,815	)		(19,122	)		223,370			(37,921	)
Contract benefits and terminations		(555,126	)		(323,713	)		(75,901	)		(137,719	)		(474,967	)		(117,910	)
Contract charges and deductions		(1,690	)		(2,188	)		(656	)		(634	)		(1,057	)		(610	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			(3	)
Other		6			(837	)		(22	)		(364	)		(198	)		(5	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(381,432	)		1,132,138			(72,914	)		(125,229	)		(40,272	)		232,375
NET INCREASE (DECREASE) IN NET ASSETS		(23,404	)		693,351			(30,677	)		(368,439	)		451,896			(301,782	)
NET ASSETS
Beginning of Year		5,161,852			4,468,501			975,943			1,344,382			2,584,275			2,886,057
End of Year	$	5,138,448		$	5,161,852		$	945,266		$	975,943		$	3,036,171		$	2,584,275

	American Funds IS						American Funds IS						American Funds IS Global
	Global Balanced Class 4						Global Growth Class 4						Small Capitalization Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	10,933		$	(43,686	)	$	(29,641	)	$	(38,644	)	$	(17,106	)	$	(21,130	)
Realized gain (loss) on investments		408,163			(29,768	)		407,877			336,749			(305,489	)		352,285
Change in net unrealized appreciation (depreciation) on investments		18,691			(578,017	)		659,758			(1,846,998	)		524,113			(1,061,443	)
Net Increase (Decrease) in Net Assets Resulting from Operations		437,787			(651,471	)		1,037,994			(1,548,893	)		201,518			(730,288	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		120,860			341,353			358,292			356,457			77,480			76,289
Transfers between variable and fixed accounts, net		81,817			21,625			808,024			111,470			(113,345	)		(209,045	)
Contract benefits and terminations		(186,789	)		(101,015	)		(388,607	)		(396,617	)		(415,895	)		(103,814	)
Contract charges and deductions		(1,693	)		(1,713	)		(1,474	)		(1,488	)		(600	)		(584	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(2	)		71			(998	)		(61	)		13			101
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		14,193			260,321			775,237			69,761			(452,347	)		(237,053	)
NET INCREASE (DECREASE) IN NET ASSETS		451,980			(391,150	)		1,813,231			(1,479,132	)		(250,829	)		(967,341	)
NET ASSETS
Beginning of Year		3,593,814			3,984,964			4,460,681			5,939,813			1,592,265			2,559,606
End of Year	$	4,045,794		$	3,593,814		$	6,273,912		$	4,460,681		$	1,341,436		$	1,592,265

See Notes to Financial Statements

SA-40

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year/Period Ended			Year Ended			Year Ended			Year/Period Ended			Period 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 1 (1)						Growth Class 4						Growth-Income Class 1 (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	382		$	198		$	(388,449	)	$	(364,246	)	$	813		$	213
Realized gain (loss) on investments		4,453			(1	)		645,874			2,486,436			1,056			(6	)
Change in net unrealized appreciation (depreciation) on investments		32,081			(2,571	)		10,194,813			(13,979,936	)		7,294			(1,041	)
Net Increase (Decrease) in Net Assets Resulting from Operations		36,916			(2,374	)		10,452,238			(11,857,746	)		9,163			(834	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		92,555			66,063			3,908,198			3,036,023			-			19,636
Transfers between variable and fixed accounts, net		(10,213	)		-			1,369,863			1,389,047			53,964			80
Contract benefits and terminations		(958	)		(2	)		(3,007,039	)		(2,183,575	)		(468	)		(47	)
Contract charges and deductions		-			-			(16,241	)		(15,434	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(7	)		(1	)		-			-
Other		1			(795	)		(3,536	)		8,283			2			(1	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		81,385			65,266			2,251,238			2,234,343			53,498			19,668
NET INCREASE (DECREASE) IN NET ASSETS		118,301			62,892			12,703,476			(9,623,403	)		62,661			18,834
NET ASSETS
Beginning of Year or Period		62,892			-			27,653,628			37,277,031			18,834			-
End of Year or Period	$	181,193		$	62,892		$	40,357,104		$	27,653,628		$	81,495		$	18,834

	American Funds IS						American Funds IS						American Funds IS International
	Growth-Income Class 4						International Class 4						Growth and Income Class 1 (2)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(22,265	)	$	(34,633	)	$	675		$	15,574		$	346
Realized gain (loss) on investments		909,343			1,380,736			(107,136	)		343,080			(4	)
Change in net unrealized appreciation (depreciation) on investments		2,627,385			(4,644,359	)		525,295			(1,152,370	)		437
Net Increase (Decrease) in Net Assets Resulting from Operations		3,514,463			(3,298,256	)		418,834			(793,716	)		779
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,400,754			2,516,346			123,711			96,616			-
Transfers between variable and fixed accounts, net		(112,036	)		(265,193	)		(84,697	)		244,468			17,292
Contract benefits and terminations		(2,893,631	)		(1,610,959	)		(221,816	)		(210,838	)		(109	)
Contract charges and deductions		(10,062	)		(9,795	)		(1,219	)		(1,289	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		266			204			-			-			-
Other		(19,459	)		(7,448	)		17			(469	)		-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(1,634,168	)		623,155			(184,004	)		128,488			17,183
NET INCREASE (DECREASE) IN NET ASSETS		1,880,295			(2,675,101	)		234,830			(665,228	)		17,962
NET ASSETS
Beginning of Year or Period		15,202,170			17,877,271			2,949,941			3,615,169			-
End of Year or Period	$	17,082,465		$	15,202,170		$	3,184,771		$	2,949,941		$	17,962

(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-41

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Year Ended			Year/Period Ended			Year Ended			Year Ended			Year/Period 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)	$	16,017		$	26,229		$	235					$	81,619		$	131,907
Realized gain (loss) on investments		(427,374	)		755,478			400						1,486,640			425,624
Change in net unrealized appreciation (depreciation) on investments		634,977			(1,133,836	)		-						(328,151	)		(3,181,249	)
Net Increase (Decrease) in Net Assets Resulting from Operations		223,620			(352,129	)		635						1,240,108			(2,623,718	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		116,140			12,631			12,602						1,087,641			686,682
Transfers between variable and fixed accounts, net		(182,315	)		65,916			(13,151	)					219,107			(259,669	)
Contract benefits and terminations		(310,916	)		(81,463	)		(88	)					(1,377,490	)		(1,491,759	)
Contract charges and deductions		(125	)		(230	)		-						(112,137	)		(115,927	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-						-			-
Other		17			33			2						194			153
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(377,199	)		(3,113	)		(635	)					(182,685	)		(1,180,520	)
NET INCREASE (DECREASE) IN NET ASSETS		(153,579	)		(355,242	)		-						1,057,423			(3,804,238	)
NET ASSETS
Beginning of Year or Period		1,740,263			2,095,505			-						13,929,930			17,734,168
End of Year or Period	$	1,586,684		$	1,740,263		$	-					$	14,987,353		$	13,929,930

	American Funds IS						American Funds IS						American Funds IS The Bond
	New World Fund Class 1 (2)						New World Fund Class 4						Fund of America Class 1 (3)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,605					$	543		$	(1,860	)	$	3,480		$	1,567
Realized gain (loss) on investments		(20	)					(60,527	)		136,632			(94	)		(4	)
Change in net unrealized appreciation (depreciation) on investments		6,474						471,439			(1,009,509	)		2,306			(3,054	)
Net Increase (Decrease) in Net Assets Resulting from Operations		8,059						411,455			(874,737	)		5,692			(1,491	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		47,911						61,770			229,185			22,996			80,790
Transfers between variable and fixed accounts, net		89,304						(15,183	)		(100,946	)		5,006			280
Contract benefits and terminations		(551	)					(284,646	)		(152,817	)		(867	)		(38	)
Contract charges and deductions		-						(868	)		(961	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-						-			-			-			-
Other		(2	)					(353	)		(453	)		-			183
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		136,662						(239,280	)		(25,992	)		27,135			81,215
NET INCREASE (DECREASE) IN NET ASSETS		144,721						172,175			(900,729	)		32,827			79,724
NET ASSETS
Beginning of Year or Period		-						2,970,798			3,871,527			79,724			-
End of Year or Period	$	144,721					$	3,142,973		$	2,970,798		$	112,551		$	79,724

(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).

(2)

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

(3)

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

See Notes to Financial Statements

SA-42

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year Ended			Year Ended			Year/Period Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	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 (1)						Securities Class 4
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	151,099		$	104,175		$	1,485					$	55,305		$	63,104
Realized gain (loss) on investments		(212,608	)		(63,909	)		(599	)					(226,721	)		(348,988	)
Change in net unrealized appreciation (depreciation) on investments		291,932			(891,918	)		(165	)					238,910			(180,630	)
Net Increase (Decrease) in Net Assets Resulting from Operations		230,423			(851,652	)		721						67,494			(466,514	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		601,205			1,124,493			30,496						197,900			142,187
Transfers between variable and fixed accounts, net		859,078			433,416			(269	)					119,083			(530,695	)
Contract benefits and terminations		(630,765	)		(538,160	)		(117	)					(686,892	)		(412,250	)
Contract charges and deductions		(2,664	)		(2,742	)		-						(867	)		(437	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-						-			-
Other		(320	)		(193	)		-						36			(384	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		826,534			1,016,814			30,110						(370,740	)		(801,579	)
NET INCREASE (DECREASE) IN NET ASSETS		1,056,957			165,162			30,831						(303,246	)		(1,268,093	)
NET ASSETS
Beginning of Year or Period		5,895,243			5,730,081			-						2,664,028			3,932,121
End of Year or Period	$	6,952,200		$	5,895,243		$	30,831					$	2,360,782		$	2,664,028

	American Funds IS Washington						BlackRock 60/40 Target						BlackRock Capital Appreciation
	Mutual Investors Class 4						Allocation ETF V.I. Class I						V.I. Class III
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	48,578		$	54,969		$	200,454		$	177,787		$	(4,579	)	$	(3,876	)
Realized gain (loss) on investments		(156,662	)		1,970,551			(270,034	)		(116,584	)		18,534			11,150
Change in net unrealized appreciation (depreciation) on investments		1,745,876			(3,103,907	)		2,749,253			(2,658,519	)		199,809			(217,993	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,637,792			(1,078,387	)		2,679,673			(2,597,316	)		213,764			(210,719	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		604,661			1,671,503			3,691,386			5,056,140			10,297			125,367
Transfers between variable and fixed accounts, net		(606,612	)		834,506			256,471			370,564			(61,550	)		63,703
Contract benefits and terminations		(1,390,211	)		(773,412	)		(1,370,232	)		(309,355	)		(10,596	)		(28,611	)
Contract charges and deductions		(1,881	)		(2,108	)		(7,539	)		(1,235	)		(3,880	)		(3,714	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			(1	)		-			-			-			-
Other		515			(431	)		(786	)		4,788			(9	)		(4	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(1,393,528	)		1,730,057			2,569,300			5,120,902			(65,738	)		156,741
NET INCREASE (DECREASE) IN NET ASSETS		244,264			651,670			5,248,973			2,523,586			148,026			(53,978	)
NET ASSETS
Beginning of Year		11,642,291			10,990,621			16,967,744			14,444,158			468,595			522,573
End of Year	$	11,886,555		$	11,642,291		$	22,216,717		$	16,967,744		$	616,621		$	468,595

(1)

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

See Notes to Financial Statements

SA-43

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	BlackRock Global Allocation						BlackRock S&P 500 Index						BlackRock Small Cap Index
	V.I. Class III						V.I. Class I (1)						V.I. Class I (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,032,890		$	(1,305,755	)	$	486		$	842		$	2,198		$	331
Realized gain (loss) on investments		(1,733,984	)		(586,634	)		2,631			2,402			4,903			254
Change in net unrealized appreciation (depreciation) on investments		10,140,269			(18,386,056	)		11,032			(2,490	)		15,315			(301	)
Net Increase (Decrease) in Net Assets Resulting from Operations		9,439,175			(20,278,445	)		14,149			754			22,416			284
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		2,319,557			2,919,950			-			56,094			64,413			28,047
Transfers between variable and fixed accounts, net		385,252			12,949			(2,032	)		-			103,777			-
Contract benefits and terminations		(11,355,518	)		(11,111,012	)		(343	)		(284	)		(889	)		(142	)
Contract charges and deductions		(853,119	)		(905,835	)		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		(3,805	)		783			-			-			-			-
Other		1,416			(1,636	)		(1	)		(3	)		(1	)		1
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(9,506,217	)		(9,084,801	)		(2,376	)		55,807			167,300			27,906
NET INCREASE (DECREASE) IN NET ASSETS		(67,042	)		(29,363,246	)		11,773			56,561			189,716			28,190
NET ASSETS
Beginning of Year or Period		91,119,820			120,483,066			56,561			-			28,190			-
End of Year or Period	$	91,052,778		$	91,119,820		$	68,334		$	56,561		$	217,906		$	28,190

	Delaware Ivy VIP						Delaware Ivy VIP						DFA VA Global Bond
	Asset Strategy Class II						Energy Class II						Institutional Class (2)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	40,702		$	9,597		$	82,465		$	61,649		$	1,373
Realized gain (loss) on investments		(93,729	)		71,244			127,758			73,860			(2	)
Change in net unrealized appreciation (depreciation) on investments		373,388			(265,279	)		(163,903	)		1,048,632			(977	)
Net Increase (Decrease) in Net Assets Resulting from Operations		320,361			(184,438	)		46,320			1,184,141			394
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		1,037,236			425,948			187,826			391,475			20,437
Transfers between variable and fixed accounts, net		650,781			149,788			242,244			663,528			17,241
Contract benefits and terminations		(120,338	)		(24,497	)		(247,580	)		(513,288	)		(95	)
Contract charges and deductions		(21,438	)		(9,220	)		(278	)		(253	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-
Other		289			(91	)		(22	)		2,285			-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		1,546,530			541,928			182,190			543,747			37,583
NET INCREASE (DECREASE) IN NET ASSETS		1,866,891			357,490			228,510			1,727,888			37,977
NET ASSETS
Beginning of Year or Period		1,510,607			1,153,117			3,654,618			1,926,730			-
End of Year or Period	$	3,377,498		$	1,510,607		$	3,883,128		$	3,654,618		$	37,977

(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-44

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	DFA VA International Value			DFA VA Short-Term Fixed			DFA VA US Large Value
	Institutional Class (1)			Institutional Class (1)			Institutional Class (2)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	1,580		$	3,984		$	5,896		$	980
Realized gain (loss) on investments		321			(12	)		3,912			538
Change in net unrealized appreciation (depreciation) on investments		996			(1,637	)		20,433			(2,252	)
Net Increase (Decrease) in Net Assets Resulting from Operations		2,897			2,335			30,241			(734	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		32,845			90,880			173,416			66,063
Transfers between variable and fixed accounts, net		5			22,470			45,015			-
Contract benefits and terminations		(103	)		(521	)		(1,339	)		(2	)
Contract charges and deductions		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-
Other		(2	)		(2	)		(6	)		(548	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		32,745			112,827			217,086			65,513
NET INCREASE (DECREASE) IN NET ASSETS		35,642			115,162			247,327			64,779
NET ASSETS
Beginning of Year or Period		-			-			64,779			-
End of Year or Period	$	35,642		$	115,162		$	312,106		$	64,779

	Fidelity VIP Consumer Discretionary			Fidelity VIP Contrafund			Fidelity VIP Contrafund
	Initial Class (1)			Initial Class (1)			Service Class 2
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(16	)	$	112		$	(385,322	)	$	(353,423	)
Realized gain (loss) on investments		2			1,580			946,718			875,483
Change in net unrealized appreciation (depreciation) on investments		8,123			4,150			9,955,347			(12,814,513	)
Net Increase (Decrease) in Net Assets Resulting from Operations		8,109			5,842			10,516,743			(12,292,453	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		42,600			12,602			3,342,547			2,207,676
Transfers between variable and fixed accounts, net		5,960			32,819			795,346			2,853,495
Contract benefits and terminations		(151	)		(386	)		(5,804,763	)		(3,011,979	)
Contract charges and deductions		-			-			(4,217	)		(4,326	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-
Other		(1	)		1			(2,286	)		5,153
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		48,408			45,036			(1,673,373	)		2,050,019
NET INCREASE (DECREASE) IN NET ASSETS		56,517			50,878			8,843,370			(10,242,434	)
NET ASSETS
Beginning of Year or Period		-			-			33,794,093			44,036,527
End of Year or Period	$	56,517		$	50,878		$	42,637,463		$	33,794,093

(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-45

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	Fidelity VIP FundsManager 60%						Fidelity VIP FundsManager 60%						Fidelity VIP Government
	Investor Class (1)						Service Class 2						Money Market Initial Class (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	118,528					$	378,179		$	173,499		$	35,613
Realized gain (loss) on investments		(720	)					(1,210,347	)		5,499,901			-
Change in net unrealized appreciation (depreciation) on investments		301,476						5,675,995			(12,841,835	)		-
Net Increase (Decrease) in Net Assets Resulting from Operations		419,284						4,843,827			(7,168,435	)		35,613
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		6,394,397						3,087,961			5,040,074			3,120,416
Transfers between variable and fixed accounts, net		-						(177,556	)		863,786			(2,306,917	)
Contract benefits and terminations		(3,082	)					(3,807,046	)		(2,728,329	)		(5,490	)
Contract charges and deductions		(11,656	)					(418,187	)		(375,936	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-						-			-			-
Other		12,702						(65	)		2,964			(4	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		6,392,361						(1,314,893	)		2,802,559			808,005
NET INCREASE (DECREASE) IN NET ASSETS		6,811,645						3,528,934			(4,365,876	)		843,618
NET ASSETS
Beginning of Year or Period		-						38,488,862			42,854,738			-
End of Year or Period	$	6,811,645					$	42,017,796		$	38,488,862		$	843,618

	Fidelity VIP Government						Fidelity VIP						Fidelity VIP Investment
	Money Market Service Class						Index 500 Initial Class (1)						Grade Bond Initial Class (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	971,323		$	19,062		$	478					$	5,742
Realized gain (loss) on investments		-			-			6						(30	)
Change in net unrealized appreciation (depreciation) on investments		-			18			2,937						3,378
Net Increase (Decrease) in Net Assets Resulting from Operations		971,323			19,080			3,421						9,090
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		5,078,954			2,231,071			-						-
Transfers between variable and fixed accounts, net		13,081,303			19,739,895			47,186						234,924
Contract benefits and terminations		(12,272,254	)		(14,542,229	)		(290	)					(1,204	)
Contract charges and deductions		(11,263	)		(9,688	)		-						-
Adjustments to net assets allocated to contracts in payout (annuitization) period		990			719			-						-
Other		1,277			(381	)		(7	)					(6	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		5,879,007			7,419,387			46,889						233,714
NET INCREASE (DECREASE) IN NET ASSETS		6,850,330			7,438,467			50,310						242,804
NET ASSETS
Beginning of Year or Period		26,209,928			18,771,461			-						-
End of Year or Period	$	33,060,258		$	26,209,928		$	50,310					$	242,804

(1)

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

See Notes to Financial Statements

SA-46

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	Fidelity VIP Strategic Income						First Trust Dorsey Wright						First Trust
	Service Class 2						Tactical Core Class I						Multi Income Allocation Class I
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	203,409		$	127,051		$	15,637		$	5,460		$	21,929		$	20,561
Realized gain (loss) on investments		(65,639	)		(183,848	)		(10,454	)		252,499			1,743			2,543
Change in net unrealized appreciation (depreciation) on investments		333,098			(863,491	)		176,776			(704,777	)		59,857			(139,437	)
Net Increase (Decrease) in Net Assets Resulting from Operations		470,868			(920,288	)		181,959			(446,818	)		83,529			(116,333	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		287,297			640,372			30,465			64,940			858			186,653
Transfers between variable and fixed accounts, net		723,920			(984,841	)		573,928			(484,228	)		(413,143	)		548,067
Contract benefits and terminations		(473,314	)		(702,327	)		(547,158	)		(90,988	)		(90,798	)		(129,539	)
Contract charges and deductions		(1,207	)		(1,006	)		(93	)		(39	)		(72	)		(28	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(109	)		(149	)		(27	)		3,616			24			33
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		536,587			(1,047,951	)		57,115			(506,699	)		(503,131	)		605,186
NET INCREASE (DECREASE) IN NET ASSETS		1,007,455			(1,968,239	)		239,074			(953,517	)		(419,602	)		488,853
NET ASSETS
Beginning of Year		5,760,791			7,729,030			1,846,824			2,800,341			1,506,394			1,017,541
End of Year	$	6,768,246		$	5,760,791		$	2,085,898		$	1,846,824		$	1,086,792		$	1,506,394

	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)	$	465,058		$	64,115		$	830		$	912		$	(8,690	)	$	14,883
Realized gain (loss) on investments		244,677			5,646,227			758			9,753			(581,238	)		692,316
Change in net unrealized appreciation (depreciation) on investments		3,484,477			(13,314,542	)		19,556			(39,789	)		2,108,474			(3,122,278	)
Net Increase (Decrease) in Net Assets Resulting from Operations		4,194,212			(7,604,200	)		21,144			(29,124	)		1,518,546			(2,415,079	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		3,086,539			4,731,144			2,037			20,208			1,279,584			791,268
Transfers between variable and fixed accounts, net		480,582			(473,257	)		756			646			407,069			(216,063	)
Contract benefits and terminations		(6,685,189	)		(3,502,478	)		(1,296	)		(8,776	)		(1,780,936	)		(719,056	)
Contract charges and deductions		(466,034	)		(449,552	)		(827	)		(948	)		(102,326	)		(99,478	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		2,210			1,636			(2	)		1			286			(276	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(3,581,892	)		307,493			668			11,131			(196,323	)		(243,605	)
NET INCREASE (DECREASE) IN NET ASSETS		612,320			(7,296,707	)		21,812			(17,993	)		1,322,223			(2,658,684	)
NET ASSETS
Beginning of Year		48,883,336			56,180,043			155,832			173,825			11,519,231			14,177,915
End of Year	$	49,495,656		$	48,883,336		$	177,644		$	155,832		$	12,841,454		$	11,519,231

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

	Franklin Income						Franklin Mutual Global						Franklin Rising
	VIP Class 2						Discovery VIP Class 2						Dividends VIP Class 1 (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	457,677		$	409,416		$	50,326		$	7,437		$	100		$	(22	)
Realized gain (loss) on investments		585,125			69,622			149,073			289,392			1,501			3
Change in net unrealized appreciation (depreciation) on investments		(249,406	)		(1,311,726	)		515,403			(625,924	)		109			(166	)
Net Increase (Decrease) in Net Assets Resulting from Operations		793,396			(832,688	)		714,802			(329,095	)		1,710			(185	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		176,240			390,971			52,677			236,227			-			14,727
Transfers between variable and fixed accounts, net		359,200			1,311,919			(147,821	)		(65,403	)		399			(360	)
Contract benefits and terminations		(994,936	)		(792,685	)		(869,783	)		(507,373	)		(150	)		(36	)
Contract charges and deductions		(641	)		(685	)		(10,910	)		(11,684	)		-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			(1,331	)		-			-			-
Other		(83	)		(192	)		(201	)		(21	)		(1	)		-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(460,220	)		909,328			(977,369	)		(348,254	)		248			14,331
NET INCREASE (DECREASE) IN NET ASSETS		333,176			76,640			(262,567	)		(677,349	)		1,958			14,146
NET ASSETS
Beginning of Year or Period		11,369,908			11,293,268			4,246,970			4,924,319			14,146			-
End of Year or Period	$	11,703,084		$	11,369,908		$	3,984,403		$	4,246,970		$	16,104		$	14,146

	Franklin Rising						Templeton						Janus Henderson
	Dividends VIP Class 2						Global Bond VIP Class 2						Balanced Service Shares
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(33,970	)	$	(54,349	)	$	(47,530	)	$	(59,109	)	$	2,514,175		$	(566,677	)
Realized gain (loss) on investments		1,351,508			1,612,162			(271,743	)		(399,347	)		(2,775,722	)		7,185,452
Change in net unrealized appreciation (depreciation) on investments		(27,807	)		(3,235,917	)		365,624			107,226			56,990,468			(89,997,626	)
Net Increase (Decrease) in Net Assets Resulting from Operations		1,289,731			(1,678,104	)		46,351			(351,230	)		56,728,921			(83,378,851	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		929,679			579,191			178,210			183,673			40,836,150			52,754,268
Transfers between variable and fixed accounts, net		361,543			525,107			133,120			(358,617	)		8,161,228			11,205,993
Contract benefits and terminations		(2,628,818	)		(1,347,195	)		(962,014	)		(804,018	)		(40,159,595	)		(26,412,142	)
Contract charges and deductions		(2,181	)		(2,401	)		(3,536	)		(3,720	)		(3,889,955	)		(3,412,667	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			(1	)		-			-			-			-
Other		98			734			(32	)		(792	)		(30,590	)		29,672
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(1,339,679	)		(244,565	)		(654,252	)		(983,474	)		4,917,238			34,165,124
NET INCREASE (DECREASE) IN NET ASSETS		(49,948	)		(1,922,669	)		(607,901	)		(1,334,704	)		61,646,159			(49,213,727	)
NET ASSETS
Beginning of Year		12,527,581			14,450,250			4,175,712			5,510,416			409,347,459			458,561,186
End of Year	$	12,477,633		$	12,527,581		$	3,567,811		$	4,175,712		$	470,993,618		$	409,347,459

(1)

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

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

	Janus Henderson						ClearBridge Variable						Lord Abbett
	Flexible Bond Service Shares						Aggressive Growth - Class II						Bond Debenture Class VC
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	61,610		$	18,867		$	(9,173	)	$	(11,030	)	$	194,329		$	145,034
Realized gain (loss) on investments		(92,794	)		(63,882	)		(53,328	)		(162,208	)		(123,305	)		(241,158	)
Change in net unrealized appreciation (depreciation) on investments		131,420			(426,052	)		219,509			(151,650	)		176,810			(758,581	)
Net Increase (Decrease) in Net Assets Resulting from Operations		100,236			(471,067	)		157,008			(324,888	)		247,834			(854,705	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		225,864			42,526			25,164			132,731			257,612			389,794
Transfers between variable and fixed accounts, net		132,001			14,848			15,439			(374,768	)		650,416			(515,227	)
Contract benefits and terminations		(194,346	)		(460,358	)		(148,344	)		(44,054	)		(543,793	)		(1,016,764	)
Contract charges and deductions		(460	)		(190	)		(3	)		(15	)		(1,874	)		(1,628	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		533			21			1			(40	)		(240	)		(373	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		163,592			(403,153	)		(107,743	)		(286,146	)		362,121			(1,144,198	)
NET INCREASE (DECREASE) IN NET ASSETS		263,828			(874,220	)		49,265			(611,034	)		609,955			(1,998,903	)
NET ASSETS
Beginning of Year		2,370,696			3,244,916			774,357			1,385,391			4,381,921			6,380,824
End of Year	$	2,634,524		$	2,370,696		$	823,622		$	774,357		$	4,991,876		$	4,381,921

	Lord Abbett						MFS Massachusetts Investors						MFS Total Return Series -
	Total Return Class VC						Growth Stock - Service Class						Service Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	165,851		$	132,922		$	(4,380	)	$	(4,839	)	$	230,356		$	100,958
Realized gain (loss) on investments		(198,272	)		(118,840	)		34,544			75,870			1,195,349			2,841,245
Change in net unrealized appreciation (depreciation) on investments		295,381			(1,021,436	)		91,022			(215,713	)		1,842,046			(7,297,060	)
Net Increase (Decrease) in Net Assets Resulting from Operations		262,960			(1,007,354	)		121,186			(144,682	)		3,267,751			(4,354,857	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		162,330			84,093			125,709			5,239			2,438,083			4,097,535
Transfers between variable and fixed accounts, net		(109,977	)		200,567			(35,464	)		27,643			430,604			1,529,844
Contract benefits and terminations		(597,176	)		(780,821	)		(132,519	)		(67,220	)		(3,494,246	)		(2,746,530	)
Contract charges and deductions		(14,374	)		(15,104	)		(2,535	)		(2,689	)		(319,875	)		(290,790	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		(3,459	)		-			(1,441	)		-			-			-
Other		(30	)		43			(637	)		(54	)		(308	)		606
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(562,686	)		(511,222	)		(46,887	)		(37,081	)		(945,742	)		2,590,665
NET INCREASE (DECREASE) IN NET ASSETS		(299,726	)		(1,518,576	)		74,299			(181,763	)		2,322,009			(1,764,192	)
NET ASSETS
Beginning of Year		5,483,421			7,001,997			553,556			735,319			37,294,735			39,058,927
End of Year	$	5,183,695		$	5,483,421		$	627,855		$	553,556		$	39,616,744		$	37,294,735

See Notes to Financial Statements

SA-49

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Year Ended			Year 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 Utilities Series -						MFS Utilities Series -						MFS Value Series -
	Initial Class (1)						Service Class						Service Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	478					$	101,117		$	47,896		$	4,840		$	2,942
Realized gain (loss) on investments		767						208,227			184,218			62,666			68,186
Change in net unrealized appreciation (depreciation) on investments		(1,137	)					(494,926	)		(241,606	)		(13,905	)		(142,912	)
Net Increase (Decrease) in Net Assets Resulting from Operations		108						(185,582	)		(9,492	)		53,601			(71,784	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-						207,783			339,034			10,158			16,131
Transfers between variable and fixed accounts, net		23,593						92,154			564,166			23,031			(59,665	)
Contract benefits and terminations		(134	)					(375,773	)		(708,392	)		(92,013	)		(70,598	)
Contract charges and deductions		-						(556	)		(519	)		(5,858	)		(6,434	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-						-			(1	)		(657	)		-
Other		(1	)					69			(348	)		(3	)		(48	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		23,458						(76,323	)		193,940			(65,342	)		(120,614	)
NET INCREASE (DECREASE) IN NET ASSETS		23,566						(261,905	)		184,448			(11,741	)		(192,398	)
NET ASSETS
Beginning of Year or Period		-						4,927,409			4,742,961			840,262			1,032,660
End of Year or Period	$	23,566					$	4,665,504		$	4,927,409		$	828,521		$	840,262

	Neuberger Berman U.S. Equity Index						PIMCO All Asset -						PIMCO CommodityRealReturn
	PutWrite Strategy Class S						Advisor Class						Strategy - Advisor Class
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(1,950	)	$	(1,347	)	$	2,573		$	14,345		$	220,732		$	357,166
Realized gain (loss) on investments		(3,127	)		15,905			(24,524	)		17,462			(102,771	)		(138,736	)
Change in net unrealized appreciation (depreciation) on investments		25,834			(28,268	)		34,221			(64,428	)		(269,077	)		(164,936	)
Net Increase (Decrease) in Net Assets Resulting from Operations		20,757			(13,710	)		12,270			(32,621	)		(151,116	)		53,494
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		77,254			26,336			-			5,000			71,206			177,810
Transfers between variable and fixed accounts, net		8,625			10,853			(73,425	)		21,569			378,760			610,420
Contract benefits and terminations		(1,185	)		(396	)		(7,195	)		(657	)		(158,208	)		(210,804	)
Contract charges and deductions		(8	)		(3	)		(23	)		(37	)		(58	)		(83	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		(7	)		-			1			(7	)		361			954
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		84,679			36,790			(80,642	)		25,868			292,061			578,297
NET INCREASE (DECREASE) IN NET ASSETS		105,436			23,080			(68,372	)		(6,753	)		140,945			631,791
NET ASSETS
Beginning of Year		130,146			107,066			225,786			232,539			1,544,000			912,209
End of Year	$	235,582		$	130,146		$	157,414		$	225,786		$	1,684,945		$	1,544,000

(1)

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

See Notes to Financial Statements

SA-50

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period Ended			Period Ended			Year/Period 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

	PIMCO Emerging Markets						PIMCO Income -						PIMCO Low Duration -
	Bond - Institutional Class (1)						Advisor Class						Institutional Class (2)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	277					$	92,362		$	47,698		$	550
Realized gain (loss) on investments		(3	)					(39,751	)		(66,310	)		(108	)
Change in net unrealized appreciation (depreciation) on investments		412						103,263			(143,927	)		-
Net Increase (Decrease) in Net Assets Resulting from Operations		686						155,874			(162,539	)		442
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-						377,725			80,563			26,543
Transfers between variable and fixed accounts, net		9,164						307,690			650,195			(26,870	)
Contract benefits and terminations		(80	)					(89,384	)		(107,760	)		(116	)
Contract charges and deductions		-						(137	)		(66	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-						-			-			-
Other		2						(256	)		41			1
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		9,086						595,638			622,973			(442	)
NET INCREASE (DECREASE) IN NET ASSETS		9,772						751,512			460,434			-
NET ASSETS
Beginning of Year or Period		-						1,841,783			1,381,349			-
End of Year or Period	$	9,772					$	2,593,295		$	1,841,783		$	-

	PIMCO Total Return -						Schwab
	Institutional Class (3)						S&P 500 Index (1)						Schwab VIT Balanced
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	2,554		$	179		$	387					$	53,336		$	33,915
Realized gain (loss) on investments		(29	)		-			17						17,347			97,636
Change in net unrealized appreciation (depreciation) on investments		3,780			(829	)		17,426						396,308			(832,622	)
Net Increase (Decrease) in Net Assets Resulting from Operations		6,305			(650	)		17,830						466,991			(701,071	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		40,275			66,063			136,890						-			553,502
Transfers between variable and fixed accounts, net		3,158			-			(222	)					8,537			210,776
Contract benefits and terminations		(805	)		(2	)		(444	)					(132,944	)		(1,003,904	)
Contract charges and deductions		-			-			-						(30,697	)		(27,386	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-						-			-
Other		(2	)		154			(2	)					3			944
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		42,626			66,215			136,222						(155,101	)		(266,068	)
NET INCREASE (DECREASE) IN NET ASSETS		48,931			65,565			154,052						311,890			(967,139	)
NET ASSETS
Beginning of Year or Period		65,565			-			-						4,065,192			5,032,331
End of Year or Period	$	114,496		$	65,565		$	154,052					$	4,377,082		$	4,065,192

(1)

Operations commenced or resumed during 2023 (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).

(3)

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

See Notes to Financial Statements

SA-51

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

	Variable Accounts
	Year/Period 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

	Schwab VIT												State Street
	Balanced with Growth						Schwab VIT Growth						Total Return V.I.S. Class 3
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	79,161		$	80,577		$	36,567		$	43,952		$	113,873		$	(142,985	)
Realized gain (loss) on investments		54,537			106,706			39,121			105,673			(325,190	)		(66,116	)
Change in net unrealized appreciation (depreciation) on investments		852,852			(1,674,870	)		497,440			(938,744	)		2,124,200			(3,003,730	)
Net Increase (Decrease) in Net Assets Resulting from Operations		986,550			(1,487,587	)		573,128			(789,119	)		1,912,883			(3,212,831	)
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			658,657			-			-			1,011,750			633,992
Transfers between variable and fixed accounts, net		(1,158	)		(183,332	)		(7,379	)		(27,444	)		215,440			73,867
Contract benefits and terminations		(514,089	)		(398,903	)		(150,217	)		(199,213	)		(1,492,245	)		(1,371,860	)
Contract charges and deductions		(55,392	)		(56,055	)		(34,206	)		(34,220	)		(171,862	)		(169,278	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-			-
Other		30			(91	)		19			(5	)		(146	)		(374	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		(570,609	)		20,276			(191,783	)		(260,882	)		(437,063	)		(833,653	)
NET INCREASE (DECREASE) IN NET ASSETS		415,941			(1,467,311	)		381,345			(1,050,001	)		1,475,820			(4,046,484	)
NET ASSETS
Beginning of Year		7,251,571			8,718,882			3,636,909			4,686,910			14,276,548			18,323,032
End of Year	$	7,667,512		$	7,251,571		$	4,018,254		$	3,636,909		$	15,752,368		$	14,276,548


	T. Rowe Price						T. Rowe Price						VanEck VIP
	Blue Chip Growth - I (1)						Health Sciences - I (2)						Global Resources Class S
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(687	)				$	(95	)	$	(30	)	$	11,634		$	1,349
Realized gain (loss) on investments		-						1,585			227			98,179			47,390
Change in net unrealized appreciation (depreciation) on investments		38,258						1,263			414			(157,603	)		96,324
Net Increase (Decrease) in Net Assets Resulting from Operations		37,571						2,753			611			(47,790	)		145,063
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		25,003						28,975			13,507			97,637			198,664
Transfers between variable and fixed accounts, net		306,334						211			-			(691,614	)		214,344
Contract benefits and terminations		(1,959	)					(296	)		(105	)		(217,021	)		(325,039	)
Contract charges and deductions		-						-			-			(302	)		(368	)
Adjustments to net assets allocated to contracts in payout (annuitization) period		-						-			-			(67	)		(1,098	)
Other		(3	)					(3	)		(1	)		36			1,209
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		329,375						28,887			13,401			(811,331	)		87,712
NET INCREASE (DECREASE) IN NET ASSETS		366,946						31,640			14,012			(859,121	)		232,775
NET ASSETS
Beginning of Year or Period		-						14,012			-			1,875,835			1,643,060
End of Year or Period	$	366,946					$	45,652		$	14,012		$	1,016,714		$	1,875,835

(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-52

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	Vanguard VIF						Vanguard VIF			Vanguard VIF
	Balanced (1)						Capital Growth (2)			Conservative Allocation (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	23,083		$	(3,026	)	$	(113	)	$	1,097		$	(988	)
Realized gain (loss) on investments		58,227			(73,374	)		4			62,284			(17	)
Change in net unrealized appreciation (depreciation) on investments		136,067			(22,203	)		14,082			(7,751	)		31,025
Net Increase (Decrease) in Net Assets Resulting from Operations		217,377			(98,603	)		13,973			55,630			30,020
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		227,443			2,272,845			102,183			137,229			126,556
Transfers between variable and fixed accounts, net		(379	)		(722,406	)		41,840			(785,151	)		721,477
Contract benefits and terminations		(13,645	)		(6,020	)		(362	)		(1,810	)		(1,786	)
Contract charges and deductions		(18,551	)		(2,089	)		-			(1,999	)		-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-			-
Other		(6	)		(18	)		(2	)		13			(14	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		194,862			1,542,312			143,659			(651,718	)		846,233
NET INCREASE (DECREASE) IN NET ASSETS		412,239			1,443,709			157,632			(596,088	)		876,253
NET ASSETS
Beginning of Year or Period		1,443,709			-			-			876,253			-
End of Year or Period	$	1,855,948		$	1,443,709		$	157,632		$	280,165		$	876,253


	Vanguard VIF						Vanguard VIF			Vanguard VIF
	Diversified Value (2)						Equity Income (2)			Equity Index (2)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(2,198	)				$	(432	)	$	(82	)
Realized gain (loss) on investments		296						(26	)		11
Change in net unrealized appreciation (depreciation) on investments		80,428						12,275			8,345
Net Increase (Decrease) in Net Assets Resulting from Operations		78,526						11,817			8,274
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		528,098						-			69,559
Transfers between variable and fixed accounts, net		-						239,883			(146	)
Contract benefits and terminations		(2,257	)					(1,295	)		(222	)
Contract charges and deductions		-						-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-						-			-
Other		(11	)					(4	)		-
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		525,830						238,584			69,191
NET INCREASE (DECREASE) IN NET ASSETS		604,356						250,401			77,465
NET ASSETS
Beginning of Period		-						-			-
End of Period	$	604,356					$	250,401		$	77,465

(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-53

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	Vanguard VIF			Vanguard VIF						Vanguard VIF
	High Yield Bond (1)			International (1)						Mid-Cap Index (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(50	)	$	(72	)				$	(355	)
Realized gain (loss) on investments		1			2						(22	)
Change in net unrealized appreciation (depreciation) on investments		2,421			7,413						19,243
Net Increase (Decrease) in Net Assets Resulting from Operations		2,372			7,343						18,866
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		25,354			61,820						61,964
Transfers between variable and fixed accounts, net		9,210			131						149,480
Contract benefits and terminations		(90	)		(200	)					(987	)
Contract charges and deductions		-			-						-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-						-
Other		(1	)		(1	)					(3	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		34,473			61,750						210,454
NET INCREASE (DECREASE) IN NET ASSETS		36,845			69,093						229,320
NET ASSETS
Beginning of Period		-			-						-
End of Period	$	36,845		$	69,093					$	229,320


	Vanguard VIF			Vanguard VIF						Vanguard VIF
	Moderate Allocation (1)			Real Estate Index (2)						Short-Term Investment-Grade (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	12,046		$	104		$	(28	)	$	(205	)
Realized gain (loss) on investments		25,457			453			(6	)		5
Change in net unrealized appreciation (depreciation) on investments		31,024			13,802			(1,204	)		3,660
Net Increase (Decrease) in Net Assets Resulting from Operations		68,527			14,359			(1,238	)		3,460
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		-			45,768			13,507			46,916
Transfers between variable and fixed accounts, net		785,151			43,772			-			47,186
Contract benefits and terminations		(7,229	)		(590	)		(97	)		(432	)
Contract charges and deductions		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-
Other		(14	)		(1	)		(1	)		(2	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		777,908			88,949			13,409			93,668
NET INCREASE (DECREASE) IN NET ASSETS		846,435			103,308			12,171			97,128
NET ASSETS
Beginning of Year or Period		-			12,171			-			-
End of Year or Period	$	846,435		$	115,479		$	12,171		$	97,128

(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-54

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

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

	Vanguard VIF			Vanguard VIF Total						Vanguard VIF
	Total Bond Market Index (1)			International Stock Market Index (2)						Total Stock Market Index (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$	(276	)	$	224		$	(34	)	$	(494	)
Realized gain (loss) on investments		(69	)		378			21			1,152
Change in net unrealized appreciation (depreciation) on investments		16,963			55,391			3,621			50,744
Net Increase (Decrease) in Net Assets Resulting from Operations		16,618			55,993			3,608			51,402
INCREASE (DECREASE) IN NET ASSETS FROM CONTRACT OWNER TRANSACTIONS
Payments received from contract owners		180,803			160,153			28,047			13,272
Transfers between variable and fixed accounts, net		71,448			319,165			-			392,291
Contract benefits and terminations		(791	)		(1,433	)		(158	)		(1,135	)
Contract charges and deductions		-			-			-			-
Adjustments to net assets allocated to contracts in payout (annuitization) period		-			-			-			-
Other		(4	)		(8	)		-			(6	)
Net Increase (Decrease) in Net Assets Derived from Contract Owner Transactions		251,456			477,877			27,889			404,422
NET INCREASE (DECREASE) IN NET ASSETS		268,074			533,870			31,497			455,824
NET ASSETS
Beginning of Year or Period		-			31,497			-			-
End of Year or Period	$	268,074		$	565,367		$	31,497		$	455,824

(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-55

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	$	10.41	$	11.62		137,595	$	1,493,434		0.00	%		0.30	%		1.70	%		6.16	%		7.66	%
2022		9.80		10.79		136,017		1,380,430		0.00	%		0.30	%		1.70	%		(13.88	)%		(12.66	)%
2021		11.38		12.35		118,199		1,386,621		0.00	%		0.30	%		1.85	%		(2.07	)%		(0.69	)%
2020		11.62		12.44		112,957		1,346,669		0.00	%		0.30	%		1.70	%		7.73	%		9.03	%
2019		10.79		11.32		84,473		927,796		0.00	%		0.30	%		1.70	%		9.06	%		10.37	%
Diversified Bond Class I
2023	$	10.06	$	15.92		825,888	$	9,179,889		0.00	%		0.30	%		1.85	%		1.71	%		3.29	%
2022		9.87		15.43		843,024		9,149,061		0.00	%		0.30	%		1.85	%		(20.11	)%		(18.86	)%
2021		12.34		19.04		950,178		12,766,711		0.00	%		0.30	%		1.85	%		(3.73	)%		(2.22	)%
2020		12.70		19.49		854,822		11,889,597		0.00	%		0.30	%		1.85	%		8.33	%		10.02	%
2019		11.72		17.73		709,361		9,113,387		0.00	%		0.30	%		1.85	%		10.93	%		12.66	%
Floating Rate Income Class I
2023	$	12.53	$	14.78		752,932	$	10,080,141		0.00	%		0.30	%		1.95	%		11.47	%		13.32	%
2022		11.24		13.06		824,960		9,839,259		0.00	%		0.30	%		1.95	%		(3.44	)%		(1.84	)%
2021		11.64		13.32		779,138		9,548,568		0.00	%		0.30	%		1.95	%		2.60	%		4.31	%
2020		11.35		12.78		784,878		9,318,954		0.00	%		0.30	%		1.95	%		2.69	%		4.39	%
2019		11.05		12.25		955,570		10,976,299		0.00	%		0.30	%		1.95	%		6.18	%		7.78	%
Floating Rate Income Class P (5),(6)
05/15/2023 - 12/08/2023	$	11.36	$	11.36		-	$	-		0.00	%		0.45	%		0.45	%		6.96	%		6.96	%
High Yield Bond Class I
2023	$	12.44	$	31.06		445,987	$	6,757,163		0.00	%		0.30	%		1.85	%		10.17	%		11.89	%
2022		11.28		27.79		477,685		6,565,913		0.00	%		0.30	%		1.85	%		(11.99	)%		(10.62	)%
2021		12.81		31.12		499,918		7,937,244		0.00	%		0.30	%		1.85	%		3.49	%		5.10	%
2020		12.37		29.64		482,726		7,435,655		0.00	%		0.30	%		1.85	%		3.81	%		5.43	%
2019		11.91		28.14		491,134		7,253,178		0.00	%		0.30	%		1.85	%		11.89	%		13.64	%
Inflation Managed Class I
2023	$	9.26	$	24.40		650,250	$	7,816,715		0.00	%		0.30	%		1.85	%		1.77	%		3.36	%
2022		9.09		23.87		762,919		8,847,430		0.00	%		0.30	%		1.85	%		(13.48	)%		(12.14	)%
2021		10.50		27.47		642,308		8,876,406		0.00	%		0.30	%		1.85	%		3.75	%		5.37	%
2020		10.12		26.35		543,426		7,446,951		0.00	%		0.30	%		1.85	%		9.38	%		11.09	%
2019		9.24		23.99		553,542		7,016,755		0.00	%		0.30	%		1.85	%		6.65	%		8.32	%
Intermediate Bond Class I
2023	$	8.87	$	9.13		46,072	$	413,621		0.00	%		0.30	%		1.65	%		4.01	%		5.21	%
04/18/2022 - 12/31/2022		8.53		8.64		30,595		262,492		0.00	%		0.30	%		1.65	%		(5.88	)%		(5.58	)%
Managed Bond Class I
2023	$	9.60	$	25.10		794,704	$	9,713,012		0.00	%		0.30	%		1.85	%		4.60	%		6.23	%
2022		9.16		23.89		828,645		9,682,214		0.00	%		0.30	%		1.85	%		(15.59	)%		(14.28	)%
2021		10.84		28.18		1,028,819		14,093,600		0.00	%		0.30	%		1.85	%		(2.94	)%		(1.43	)%
2020		11.07		28.90		1,094,711		15,600,215		0.00	%		0.30	%		1.85	%		6.35	%		8.02	%
2019		10.40		27.05		1,122,637		15,081,298		0.00	%		0.30	%		1.85	%		6.50	%		8.17	%
Short Duration Bond Class I
2023	$	9.30	$	13.14		1,228,537	$	12,463,895		0.00	%		0.30	%		1.95	%		2.86	%		4.56	%
2022		9.04		12.58		1,303,034		12,741,093		0.00	%		0.30	%		1.95	%		(6.42	)%		(4.86	)%
2021		9.66		13.23		1,366,721		14,182,613		0.00	%		0.30	%		1.95	%		(2.37	)%		(0.75	)%
2020		9.90		13.35		1,277,391		13,459,645		0.00	%		0.30	%		1.95	%		1.73	%		3.42	%
2019		9.73		12.92		1,313,292		13,421,340		0.00	%		0.30	%		1.95	%		2.21	%		3.91	%
Emerging Markets Debt Class I
2023	$	9.49	$	11.48		148,625	$	1,553,628		0.00	%		0.30	%		1.95	%		10.19	%		12.02	%
2022		8.59		10.25		157,801		1,484,596		0.00	%		0.30	%		1.95	%		(11.02	)%		(9.54	)%
2021		9.63		11.33		189,700		1,997,177		0.00	%		0.30	%		1.95	%		(7.94	)%		(6.40	)%
2020		10.44		12.10		180,789		2,047,971		0.00	%		0.30	%		1.95	%		(0.21	)%		0.64	%
2019		10.36		12.31		172,215		1,892,055		0.00	%		0.75	%		1.95	%		7.40	%		8.70	%
Dividend Growth Class I
2023	$	21.80	$	46.50		1,042,239	$	31,106,064		0.00	%		0.30	%		1.85	%		11.25	%		12.98	%
2022		19.34		41.20		1,058,817		28,435,757		0.00	%		0.30	%		1.85	%		(12.13	)%		(10.76	)%
2021		21.71		46.21		925,565		28,125,485		0.00	%		0.30	%		1.85	%		23.49	%		25.42	%
2020		17.34		36.88		875,693		21,554,135		0.00	%		0.30	%		1.85	%		11.36	%		13.10	%
2019		15.37		32.64		887,848		19,734,773		0.00	%		0.30	%		1.85	%		28.24	%		30.25	%
Equity Index Class I
2023	$	23.37	$	80.78		4,542,377	$	144,910,330		0.00	%		0.30	%		1.95	%		23.51	%		25.56	%
2022		18.65		65.04		5,062,369		130,003,246		0.00	%		0.30	%		1.95	%		(19.89	)%		(18.55	)%
2021		22.94		80.74		4,918,573		157,072,054		0.00	%		0.30	%		1.95	%		25.89	%		27.99	%
2020		17.96		63.79		4,618,605		117,294,135		0.00	%		0.30	%		1.95	%		15.83	%		17.76	%
2019		15.28		54.77		4,506,520		98,603,385		0.00	%		0.30	%		1.95	%		28.57	%		30.70	%

See Notes to Financial Statements

SA-56

See explanation of references on page SA-68

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

Focused Growth Class I
2023	$	27.45	$	69.94		360,689	$	14,394,927		0.00	%		0.30	%		1.95	%		35.31	%		37.55	%
2022		19.99		51.54		359,360		10,550,365		0.00	%		0.30	%		1.95	%		(35.08	)%		(34.00	)%
2021		30.35		79.14		385,041		17,365,436		0.00	%		0.30	%		1.95	%		17.47	%		19.43	%
2020		25.47		67.17		394,425		15,102,007		0.00	%		0.30	%		1.95	%		35.62	%		37.88	%
2019		18.51		49.38		348,255		10,046,830		0.00	%		0.30	%		1.95	%		32.85	%		35.06	%
Growth Class I
2023	$	27.68	$	99.33		337,346	$	12,710,656		0.00	%		0.30	%		1.85	%		33.07	%		35.14	%
2022		20.52		74.31		343,826		9,695,403		0.00	%		0.30	%		1.85	%		(32.47	)%		(31.42	)%
2021		29.98		109.55		334,741		13,897,672		0.00	%		0.30	%		1.85	%		21.16	%		23.05	%
2020		24.41		90.01		324,355		11,090,651		0.00	%		0.30	%		1.85	%		29.15	%		31.17	%
2019		18.65		69.38		362,437		9,562,350		0.00	%		0.30	%		1.85	%		35.60	%		37.72	%
Hedged Equity Class I
2023	$	10.69	$	11.14		3,442,449	$	37,423,803		0.00	%		0.30	%		1.85	%		13.57	%		15.34	%
2022		9.42		9.66		2,037,766		19,383,117		0.00	%		0.30	%		1.85	%		(9.22	)%		(8.22	)%
05/26/2021 - 12/31/2021		10.45		10.53		556,230		5,819,984		0.00	%		0.30	%		1.40	%		3.91	%		3.91	%
Large-Cap Core Class I
2023	$	12.91	$	59.53		258,508	$	7,683,720		0.00	%		0.30	%		1.85	%		24.74	%		26.55	%
2022		16.37		47.51		254,575		6,198,639		0.00	%		0.40	%		1.85	%		(22.07	)%		(20.93	)%
2021		20.72		60.69		264,278		8,192,654		0.00	%		0.40	%		1.85	%		25.42	%		27.25	%
2020		16.30		48.17		290,641		7,152,440		0.00	%		0.40	%		1.85	%		11.85	%		13.48	%
2019		14.38		42.88		289,627		6,384,950		0.00	%		0.40	%		1.85	%		29.71	%		31.60	%
Large-Cap Growth Class I
2023	$	26.54	$	45.49		372,882	$	12,752,976		0.00	%		0.30	%		1.85	%		42.47	%		44.68	%
2022		18.38		31.58		397,294		9,518,997		0.00	%		0.30	%		1.85	%		(39.04	)%		(38.09	)%
2021		29.75		51.24		415,540		16,226,435		0.00	%		0.30	%		1.85	%		18.07	%		19.91	%
2020		24.86		42.92		502,142		16,886,712		0.00	%		0.30	%		1.85	%		35.81	%		37.93	%
2019		18.17		30.22		395,640		9,673,246		0.00	%		0.30	%		1.85	%		29.92	%		31.95	%
Large-Cap Value Class I
2023	$	18.62	$	41.42		405,249	$	9,896,975		0.00	%		0.30	%		1.85	%		12.81	%		14.57	%
2022		16.28		36.19		424,028		9,203,853		0.00	%		0.30	%		1.85	%		(8.34	)%		(6.91	)%
2021		17.53		38.91		405,244		9,548,572		0.00	%		0.30	%		1.85	%		23.81	%		25.74	%
2020		13.97		30.98		389,187		7,507,171		0.00	%		0.30	%		1.85	%		3.93	%		5.55	%
2019		13.34		29.38		352,323		6,609,054		0.00	%		0.30	%		1.85	%		26.11	%		28.08	%
Mid-Cap Equity Class I
2023	$	18.96	$	62.22		252,522	$	6,946,587		0.00	%		0.30	%		1.85	%		13.24	%		15.00	%
2022		16.52		54.70		282,187		6,832,953		0.00	%		0.30	%		1.85	%		(18.77	)%		(17.50	)%
2021		20.07		67.03		260,678		7,842,888		0.00	%		0.30	%		1.85	%		14.27	%		16.05	%
2020		17.33		58.40		238,983		6,349,578		0.00	%		0.30	%		1.85	%		25.18	%		27.13	%
2019		13.65		46.45		272,595		5,742,899		0.00	%		0.30	%		1.85	%		18.63	%		20.48	%
Mid-Cap Growth Class I
2023	$	24.98	$	43.58		418,064	$	12,802,751		0.00	%		0.30	%		1.85	%		17.43	%		19.26	%
2022		20.98		36.70		442,760		11,524,789		0.00	%		0.30	%		1.85	%		(31.99	)%		(30.93	)%
2021		30.44		53.38		451,793		17,238,136		0.00	%		0.30	%		1.85	%		14.53	%		16.32	%
2020		26.22		46.10		451,462		15,057,702		0.00	%		0.30	%		1.85	%		47.39	%		49.69	%
2019		17.55		30.93		446,944		10,075,956		0.00	%		0.30	%		1.85	%		35.91	%		38.04	%
Mid-Cap Value Class I
2023	$	18.35	$	49.48		270,177	$	6,933,792		0.00	%		0.30	%		1.85	%		14.26	%		16.04	%
2022		15.81		42.68		234,963		5,312,416		0.00	%		0.30	%		1.85	%		(8.96	)%		(7.54	)%
2021		17.10		46.21		274,608		6,868,136		0.00	%		0.30	%		1.85	%		24.71	%		26.65	%
2020		13.50		36.52		218,040		4,405,706		0.00	%		0.30	%		1.85	%		3.58	%		5.20	%
2019		12.84		34.75		193,122		3,864,584		0.00	%		0.30	%		1.85	%		27.56	%		29.55	%
Small-Cap Equity Class I
2023	$	15.35	$	36.86		274,075	$	5,819,047		0.00	%		0.30	%		1.85	%		10.90	%		12.63	%
2022		13.66		33.09		181,185		3,512,107		0.00	%		0.30	%		1.85	%		(14.51	)%		(13.18	)%
2021		15.76		38.53		143,248		3,232,303		0.00	%		0.30	%		1.85	%		24.14	%		26.08	%
2020		12.53		30.90		152,522		2,775,602		0.00	%		0.30	%		1.85	%		3.48	%		5.10	%
2019		11.94		29.72		153,500		2,701,005		0.00	%		0.30	%		1.85	%		21.69	%		23.59	%
Small-Cap Growth Class I
2023	$	21.35	$	36.32		273,103	$	6,352,276		0.00	%		0.30	%		1.85	%		12.11	%		13.86	%
2022		19.02		31.93		285,450		5,868,956		0.00	%		0.30	%		1.85	%		(31.21	)%		(30.13	)%
2021		27.60		45.75		290,913		8,654,324		0.00	%		0.30	%		1.85	%		(0.17	)%		1.39	%
2020		27.61		45.17		301,512		8,973,996		0.00	%		0.30	%		1.85	%		52.73	%		55.11	%
2019		17.87		29.15		335,639		6,639,964		0.00	%		0.30	%		1.85	%		29.48	%		31.51	%

See Notes to Financial Statements

SA-57

See explanation of references on page SA-68

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

Small-Cap Index Class I
2023	$	15.73	$	45.06		658,789	$	14,489,415		0.00	%		0.30	%		1.85	%		14.08	%		15.85	%
2022		13.60		38.93		597,589		11,466,965		0.00	%		0.30	%		1.85	%		(22.31	)%		(21.10	)%
2021		17.27		49.39		569,876		14,274,986		0.00	%		0.30	%		1.85	%		12.14	%		13.89	%
2020		15.20		43.41		491,481		11,083,754		0.00	%		0.30	%		1.85	%		16.97	%		18.80	%
2019		12.82		36.58		519,616		10,135,506		0.00	%		0.30	%		1.85	%		22.51	%		24.42	%
Small-Cap Value Class I
2023	$	13.86	$	64.41		231,692	$	5,061,403		0.00	%		0.30	%		1.85	%		5.56	%		7.21	%
2022		12.96		60.14		235,969		4,982,963		0.00	%		0.30	%		1.85	%		(18.33	)%		(17.06	)%
2021		15.65		72.59		231,013		6,064,973		0.00	%		0.30	%		1.85	%		33.12	%		35.20	%
2020		11.60		53.74		238,266		4,640,712		0.00	%		0.30	%		1.85	%		1.54	%		3.13	%
2019		11.27		52.16		227,711		4,433,328		0.00	%		0.30	%		1.85	%		20.34	%		22.10	%
Value Class I
2023	$	18.36	$	28.93		161,227	$	3,477,741		0.00	%		0.30	%		1.85	%		1.87	%		3.46	%
2022		14.42		28.09		170,340		3,604,670		0.00	%		0.30	%		1.85	%		(2.35	)%		(1.28	)%
2021		18.37		28.45		136,265		3,061,129		0.00	%		0.75	%		1.85	%		19.42	%		20.74	%
2020		15.23		23.57		154,680		2,954,360		0.00	%		0.30	%		1.85	%		(8.64	)%		(7.63	)%
2019		12.84		25.51		171,176		3,461,384		0.00	%		0.30	%		1.85	%		22.43	%		24.10	%
Value Advantage Class I
2023	$	11.67	$	23.70		201,293	$	4,290,802		0.00	%		0.30	%		1.85	%		7.60	%		9.28	%
2022		15.68		21.78		221,719		4,489,853		0.00	%		0.30	%		1.85	%		(5.82	)%		(4.35	)%
2021		16.42		22.88		205,517		4,405,461		0.00	%		0.30	%		1.85	%		26.17	%		27.88	%
2020		12.84		17.93		112,996		1,940,399		0.00	%		0.50	%		1.85	%		(4.56	)%		(3.26	)%
2019		13.28		18.58		102,221		1,826,738		0.00	%		0.50	%		1.85	%		24.63	%		26.33	%
Emerging Markets Class I
2023	$	10.06	$	68.40		493,447	$	6,330,327		0.00	%		0.30	%		1.95	%		6.85	%		8.63	%
2022		9.46		63.03		455,269		5,543,619		0.00	%		0.30	%		1.95	%		(26.72	)%		(25.50	)%
2021		12.82		84.69		440,071		7,328,099		0.00	%		0.30	%		1.95	%		(10.06	)%		(8.56	)%
2020		14.16		92.71		436,537		8,237,393		0.00	%		0.30	%		1.95	%		15.06	%		16.98	%
2019		12.23		79.33		496,074		8,280,900		0.00	%		0.30	%		1.95	%		23.18	%		25.23	%
International Growth Class I
2023	$	8.50	$	8.70		30,228	$	260,332		0.00	%		0.30	%		1.40	%		12.16	%		13.39	%
2022		7.58		7.67		8,533		64,741		0.00	%		0.30	%		1.40	%		(22.47	)%		(22.47	)%
12/14/2021 - 12/31/2021		9.79		9.79		1,001		9,808		0.00	%		1.20	%		1.20	%		4.08	%		4.08	%
International Large-Cap Class I
2023	$	16.37	$	36.79		399,225	$	7,745,562		0.00	%		0.30	%		1.95	%		16.37	%		18.30	%
2022		13.89		31.13		458,444		7,546,129		0.00	%		0.30	%		1.95	%		(16.83	)%		(15.45	)%
2021		16.68		36.85		479,212		9,422,292		0.00	%		0.30	%		1.95	%		12.56	%		14.43	%
2020		14.80		32.23		465,259		8,142,998		0.00	%		0.30	%		1.95	%		8.60	%		10.41	%
2019		13.60		29.23		466,577		7,485,650		0.00	%		0.30	%		1.95	%		25.56	%		27.65	%
International Small-Cap Class I
2023	$	13.15	$	23.23		88,386	$	1,430,935		0.00	%		0.30	%		1.95	%		14.97	%		16.88	%
2022		11.37		19.97		101,885		1,425,344		0.00	%		0.30	%		1.95	%		(18.69	)%		(17.42	)%
2021		13.90		24.26		102,893		1,750,333		0.00	%		0.30	%		1.95	%		11.67	%		13.42	%
2020		12.37		21.47		104,127		1,574,164		0.00	%		0.30	%		1.95	%		6.33	%		7.99	%
2019		11.57		19.95		107,214		1,511,569		0.00	%		0.30	%		1.95	%		17.75	%		19.71	%
International Value Class I
2023	$	9.26	$	19.13		349,386	$	4,794,888		0.00	%		0.30	%		1.85	%		18.01	%		19.85	%
2022		7.81		15.97		357,460		4,094,109		0.00	%		0.30	%		1.85	%		(3.07	)%		(1.56	)%
2021		8.02		16.24		423,676		5,106,907		0.00	%		0.30	%		1.85	%		18.16	%		20.00	%
2020		6.75		13.55		439,510		4,394,780		0.00	%		0.30	%		1.85	%		(8.87	)%		(7.45	)%
2019		7.37		14.66		389,627		4,264,093		0.00	%		0.30	%		1.85	%		14.46	%		16.25	%
Health Sciences Class I
2023	$	18.14	$	77.71		744,638	$	25,740,550		0.00	%		0.30	%		1.85	%		1.53	%		3.11	%
2022		17.77		76.38		820,339		27,867,227		0.00	%		0.30	%		1.85	%		(7.53	)%		(6.09	)%
2021		19.11		82.43		854,149		31,511,533		0.00	%		0.30	%		1.85	%		10.32	%		12.05	%
2020		17.23		74.57		821,413		27,848,080		0.00	%		0.30	%		1.85	%		16.61	%		18.43	%
2019		14.69		63.82		828,592		24,289,103		0.00	%		0.30	%		1.85	%		23.46	%		25.39	%

See Notes to Financial Statements

SA-58

See explanation of references on page SA-68

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

Real Estate Class I
2023	$	13.16	$	68.07		327,891	$	6,322,880		0.00	%		0.30	%		1.85	%		10.95	%		12.67	%
2022		11.80		61.08		329,616		5,786,859		0.00	%		0.30	%		1.85	%		(27.00	)%		(25.86	)%
2021		16.07		83.30		342,557		8,382,994		0.00	%		0.30	%		1.85	%		37.75	%		39.90	%
2020		11.60		60.20		363,170		6,476,309		0.00	%		0.30	%		1.85	%		(5.05	)%		(3.66	)%
2019		12.16		63.11		399,306		7,440,600		0.00	%		0.40	%		1.85	%		28.88	%		30.76	%
Technology Class I
2023	$	19.62	$	37.05		624,870	$	20,529,721		0.00	%		0.30	%		1.85	%		50.87	%		53.22	%
2022		12.95		24.50		609,979		13,198,996		0.00	%		0.30	%		1.85	%		(37.23	)%		(36.25	)%
2021		20.54		38.93		586,941		20,152,017		0.00	%		0.30	%		1.85	%		11.77	%		13.52	%
2020		18.29		34.74		606,691		18,556,587		0.00	%		0.30	%		1.85	%		44.54	%		46.80	%
2019		12.60		23.98		582,717		12,290,994		0.00	%		0.30	%		1.85	%		33.82	%		35.91	%
ESG Diversified Class I
2023	$	9.87	$	10.00		185,770	$	1,855,269		0.00	%		0.75	%		1.65	%		13.89	%		14.92	%
2022		8.63		8.74		215,846		1,884,148		0.00	%		0.75	%		1.65	%		(17.96	)%		(17.21	)%
06/14/2021 - 12/31/2021		10.43		10.60		129,810		1,375,018		0.00	%		0.75	%		1.65	%		4.50	%		4.50	%
ESG Diversified Growth Class I
2023	$	9.40	$	9.44		15,215	$	143,504		0.00	%		1.20	%		1.40	%		16.03	%		16.26	%
2022		8.10		8.12		15,221		123,553		0.00	%		1.20	%		1.40	%		(19.22	)%		(19.22	)%
12/20/2021 - 12/31/2021		10.03		10.03		775		7,773		0.00	%		1.40	%		1.40	%		3.64	%		3.64	%
PSF Avantis Balanced Allocation Class D
2023	$	9.88	$	15.40		1,137,938	$	15,610,369		0.00	%		0.30	%		1.85	%		11.75	%		13.49	%
2022		8.79		13.57		1,085,875		13,598,087		0.00	%		0.30	%		1.85	%		(16.55	)%		(15.25	)%
2021		10.48		16.01		955,947		14,834,277		0.00	%		0.30	%		1.85	%		10.44	%		12.16	%
2020		13.12		14.27		779,152		10,963,998		0.00	%		0.30	%		1.85	%		10.05	%		11.77	%
2019		11.86		12.85		764,898		9,691,444		0.00	%		0.30	%		1.85	%		17.55	%		19.39	%
PSF Avantis Balanced Allocation Class P
2023	$	10.53	$	10.53		13,137	$	138,283		0.00	%		0.45	%		0.45	%		13.60	%		13.60	%
12/06/2022 - 12/31/2022		9.27		9.27		13,429		124,433		0.00	%		0.45	%		0.45	%		(1.61	)%		(1.61	)%
Pacific Dynamix - Conservative Growth Class I
2023	$	9.52	$	20.38		2,789,572	$	41,587,539		0.00	%		0.30	%		1.85	%		9.64	%		11.35	%
2022		8.63		18.46		2,936,979		40,483,390		0.00	%		0.30	%		1.85	%		(15.94	)%		(14.63	)%
2021		10.22		21.81		3,087,697		50,537,140		0.00	%		0.30	%		1.85	%		4.49	%		6.12	%
2020		12.68		20.72		3,242,829		50,933,627		0.00	%		0.30	%		1.85	%		10.16	%		11.88	%
2019		11.45		18.68		3,246,329		46,302,731		0.00	%		0.30	%		1.85	%		13.35	%		15.12	%
Pacific Dynamix - Moderate Growth Class I
2023	$	9.78	$	27.93		8,908,403	$	148,054,772		0.00	%		0.30	%		1.85	%		12.94	%		14.70	%
2022		8.62		24.43		8,930,868		135,517,383		0.00	%		0.30	%		1.85	%		(17.24	)%		(15.95	)%
2021		10.35		27.19		8,966,797		169,827,302		0.00	%		0.30	%		1.85	%		8.59	%		10.29	%
2020		13.44		24.86		8,842,919		155,502,777		0.00	%		0.30	%		1.85	%		12.48	%		14.24	%
2019		11.88		23.27		9,147,626		143,286,925		0.00	%		0.30	%		1.85	%		16.76	%		18.58	%
Pacific Dynamix - Growth Class I
2023	$	17.28	$	35.31		9,038,013	$	177,087,605		0.00	%		0.30	%		2.00	%		14.67	%		16.63	%
2022		14.81		30.30		7,703,984		131,379,169		0.00	%		0.30	%		2.00	%		(18.34	)%		(16.94	)%
2021		17.83		36.52		5,161,096		108,023,040		0.00	%		0.30	%		2.00	%		12.07	%		13.99	%
2020		15.64		32.07		3,237,619		61,915,942		0.00	%		0.30	%		2.00	%		13.50	%		15.44	%
2019		13.55		27.81		1,913,691		33,535,855		0.00	%		0.30	%		2.00	%		20.50	%		22.57	%
Pacific Dynamix - Growth Class P
2023	$	10.60	$	10.60		2,944	$	31,224		0.00	%		0.45	%		0.45	%		16.69	%		16.69	%
07/01/2022 - 12/31/2022		9.09		9.09		2,989		27,160		0.00	%		0.45	%		0.45	%		1.31	%		1.31	%
Portfolio Optimization Conservative Class I
2023	$	9.28	$	14.20		5,342,001	$	64,237,318		0.00	%		0.30	%		2.00	%		7.07	%		8.90	%
2022		8.61		13.06		6,555,593		73,297,660		0.00	%		0.30	%		2.00	%		(15.37	)%		(14.01	)%
2021		10.11		15.18		6,673,193		88,029,123		0.00	%		0.30	%		2.00	%		0.18	%		1.80	%
2020		11.97		14.92		6,805,319		89,158,669		0.00	%		0.30	%		2.00	%		5.75	%		7.45	%
2019		11.37		13.88		6,575,306		81,073,618		0.00	%		0.30	%		2.00	%		9.98	%		11.75	%
Portfolio Optimization Moderate-Conservative Class I
2023	$	9.42	$	16.47		7,024,173	$	98,460,430		0.00	%		0.40	%		2.00	%		8.87	%		10.62	%
2022		8.62		14.89		7,909,557		101,571,276		0.00	%		0.30	%		2.00	%		(16.59	)%		(15.16	)%
2021		10.24		17.57		8,584,296		131,746,697		0.00	%		0.30	%		2.00	%		4.18	%		5.86	%
2020		12.29		16.60		9,517,737		139,732,839		0.00	%		0.40	%		2.00	%		7.79	%		9.53	%
2019		11.32		15.15		10,730,343		145,453,637		0.00	%		0.40	%		2.00	%		13.00	%		14.82	%

See Notes to Financial Statements

SA-59

See explanation of references on page SA-68

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

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

Portfolio Optimization Moderate Class I
2023	$	9.66	$	19.03		24,036,833	$	384,819,138		0.00	%		0.30	%		2.00	%		11.63	%		13.54	%
2022		8.60		16.84		26,538,175		379,611,536		0.00	%		0.30	%		2.00	%		(17.38	)%		(15.97	)%
2021		10.33		20.13		28,880,546		498,374,746		0.00	%		0.30	%		2.00	%		7.02	%		8.85	%
2020		12.62		18.57		31,180,415		500,836,115		0.00	%		0.30	%		2.00	%		9.61	%		11.49	%
2019		11.49		16.73		34,268,716		500,217,551		0.00	%		0.30	%		2.00	%		16.11	%		18.10	%
Portfolio Optimization Growth Class I
2023	$	13.81	$	20.91		17,452,635	$	310,581,034		0.00	%		0.30	%		2.00	%		12.19	%		14.11	%
2022		12.22		18.34		19,477,020		307,764,715		0.00	%		0.30	%		2.00	%		(18.52	)%		(17.13	)%
2021		14.90		22.32		20,865,222		403,162,654		0.00	%		0.30	%		2.00	%		10.88	%		12.78	%
2020		13.34		20.05		22,646,907		393,203,447		0.00	%		0.30	%		2.00	%		10.49	%		12.39	%
2019		11.99		18.08		24,813,829		388,792,075		0.00	%		0.30	%		2.00	%		19.25	%		21.29	%
Portfolio Optimization Aggressive-Growth Class I
2023	$	17.77	$	22.60		4,299,099	$	81,092,288		0.00	%		0.40	%		2.00	%		13.67	%		15.50	%
2022		15.59		19.80		4,609,550		76,219,091		0.00	%		0.40	%		2.00	%		(19.14	)%		(17.83	)%
2021		19.22		24.39		4,860,170		99,029,212		0.00	%		0.40	%		2.00	%		13.39	%		15.22	%
2020		16.90		21.43		5,288,583		94,685,992		0.00	%		0.40	%		2.00	%		10.23	%		12.01	%
2019		15.29		19.59		5,931,846		96,008,850		0.00	%		0.40	%		2.00	%		21.31	%		23.27	%
Invesco Oppenheimer V.I. International Growth Series II
2023	$	12.85	$	15.35		60,384	$	810,840		0.30	%		0.30	%		1.65	%		18.73	%		20.28	%
2022		10.82		12.76		63,695		717,693		0.00	%		0.30	%		1.70	%		(28.39	)%		(27.38	)%
2021		15.00		17.57		79,709		1,244,113		0.00	%		0.30	%		1.85	%		8.37	%		9.79	%
2020		13.75		16.01		53,477		762,137		0.68	%		0.30	%		1.85	%		18.82	%		20.68	%
2019		11.57		13.26		52,091		619,573		0.75	%		0.30	%		1.85	%		25.86	%		27.44	%
Invesco V.I. Balanced-Risk Allocation Series II
2023	$	9.18	$	22.98		1,356,304	$	17,791,548		0.00	%		0.30	%		2.00	%		4.30	%		6.08	%
2022		8.74		21.73		1,441,727		18,801,850		7.56	%		0.30	%		2.00	%		(16.21	)%		(14.77	)%
2021		10.36		25.57		1,313,865		20,963,754		3.02	%		0.30	%		2.00	%		7.10	%		8.61	%
2020		12.03		23.54		1,329,079		19,933,034		7.90	%		0.60	%		2.00	%		7.81	%		9.33	%
2019		11.08		21.53		1,374,948		19,105,001		0.00	%		0.60	%		2.00	%		12.61	%		14.20	%
Invesco V.I. Equity and Income Series II
2023	$	15.99	$	16.86		136,473	$	2,272,734		1.79	%		0.75	%		1.70	%		8.39	%		9.42	%
2022		14.75		15.47		132,691		2,027,098		1.65	%		0.75	%		1.80	%		(9.36	)%		(8.40	)%
2021		16.13		16.96		129,021		2,152,374		1.71	%		0.75	%		1.85	%		16.36	%		17.47	%
2020		13.97		14.49		105,660		1,508,592		2.19	%		0.75	%		1.70	%		7.80	%		8.83	%
2019		12.96		13.37		114,634		1,507,427		2.36	%		0.75	%		1.70	%		17.99	%		19.11	%
Invesco V.I. Global Real Estate Series II
2023	$	9.48	$	11.74		133,623	$	1,371,595		1.29	%		0.30	%		1.85	%		6.84	%		8.50	%
2022		8.88		10.82		118,114		1,126,345		2.45	%		0.30	%		1.85	%		(26.51	)%		(25.44	)%
2021		12.08		13.31		192,014		2,453,296		2.75	%		0.40	%		1.85	%		23.15	%		24.94	%
2020		9.81		10.65		144,773		1,499,520		4.49	%		0.40	%		1.85	%		(14.17	)%		(12.91	)%
2019		11.43		12.23		188,154		2,231,980		4.10	%		0.40	%		1.85	%		20.64	%		22.16	%
Invesco V.I. Global Series II
2023	$	14.22	$	20.59		105,262	$	1,915,748		0.00	%		0.30	%		1.80	%		32.06	%		34.04	%
2022		13.27		15.36		104,197		1,432,726		0.00	%		0.30	%		1.80	%		(33.15	)%		(32.14	)%
2021		19.85		22.64		104,537		2,139,474		0.00	%		0.30	%		1.85	%		13.12	%		14.83	%
2020		17.54		19.72		98,826		1,776,751		0.42	%		0.30	%		1.80	%		25.07	%		26.96	%
2019		14.03		15.53		120,540		1,724,083		0.65	%		0.30	%		1.85	%		29.11	%		31.06	%
Invesco V.I. Technology Series I
2023	$	9.21	$	9.21		1,890	$	17,408		0.00	%		0.45	%		0.45	%		46.29	%		46.29	%
07/01/2022 - 12/31/2022		6.30		6.30		1,918		12,079		0.00	%		0.45	%		0.45	%		(9.89	)%		(9.89	)%
American Century Inflation Protection Class I (5)
06/16/2023 - 12/31/2023	$	10.05	$	10.05		5,486	$	55,155		5.24	%		0.45	%		0.45	%		1.22	%		1.22	%
American Century VP Mid Cap Value Class II
2023	$	15.92	$	25.77		223,566	$	5,219,531		2.16	%		0.30	%		1.85	%		4.09	%		5.71	%
2022		15.09		24.58		239,915		5,358,088		2.12	%		0.30	%		1.85	%		(3.19	)%		(1.68	)%
2021		15.38		25.20		218,165		5,029,076		1.04	%		0.30	%		1.85	%		20.76	%		22.40	%
2020		12.57		21.90		218,105		4,147,308		1.64	%		0.30	%		1.85	%		(0.74	)%		0.71	%
2019		12.49		21.75		252,942		4,813,752		1.89	%		0.30	%		1.85	%		26.63	%		28.48	%

See Notes to Financial Statements

SA-60

See explanation of references on page SA-68

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 American High-Income Trust Class 4
2023	$	13.25	$	14.43		270,919	$	3,755,826		6.93	%		0.30	%		1.80	%		10.35	%		11.85	%
2022		12.15		12.96		189,561		2,370,345		5.82	%		0.30	%		1.80	%		(11.14	)%		(9.80	)%
2021		13.53		14.44		266,458		3,724,858		4.60	%		0.30	%		1.80	%		6.41	%		7.86	%
2020		12.57		13.44		157,949		2,063,813		8.98	%		0.30	%		1.70	%		5.97	%		7.41	%
2019		11.79		12.57		125,979		1,551,733		6.04	%		0.30	%		1.65	%		10.43	%		11.93	%
American Funds IS Asset Allocation Class 1
2023	$	11.02	$	11.02		12,623	$	139,147		2.49	%		0.45	%		0.45	%		14.03	%		14.03	%
12/06/2022 - 12/31/2022		9.67		9.67		12,904		124,737		See Note (7)			0.45	%		0.45	%		(1.37	)%		(1.37	)%
American Funds IS Asset Allocation Class 4
2023	$	10.10	$	18.10		13,774,133	$	215,400,282		1.99	%		0.30	%		2.00	%		11.77	%		13.68	%
2022		8.97		15.99		14,627,779		208,030,483		1.66	%		0.30	%		2.00	%		(15.37	)%		(13.92	)%
2021		10.53		18.66		15,374,587		259,202,114		1.35	%		0.30	%		2.00	%		12.57	%		14.50	%
2020		13.29		16.37		15,751,470		235,641,719		1.46	%		0.30	%		2.00	%		9.94	%		11.82	%
2019		12.06		14.71		16,557,407		223,794,339		1.70	%		0.30	%		2.00	%		18.53	%		20.56	%
American Funds IS Capital Income Builder Class 1 (5),(6)
04/25/2023 - 12/01/2023	$	10.89	$	10.89		-	$	-		2.04	%		0.45	%		0.45	%		1.44	%		1.44	%
American Funds IS Capital Income Builder Class 4
2023	$	12.76	$	14.77		384,367	$	5,138,448		2.66	%		0.30	%		1.85	%		6.77	%		8.43	%
2022		11.78		13.62		414,907		5,161,852		2.57	%		0.30	%		1.85	%		(8.93	)%		(7.65	)%
2021		13.10		14.75		328,719		4,468,501		2.55	%		0.30	%		1.85	%		12.75	%		14.34	%
2020		11.50		12.90		292,184		3,506,050		2.66	%		0.30	%		1.85	%		2.21	%		3.80	%
2019		11.25		12.43		360,381		4,208,592		2.69	%		0.30	%		1.85	%		15.46	%		16.74	%
American Funds IS Capital World Bond Class 4
2023	$	8.93	$	10.01		100,213	$	945,266		0.00	%		0.30	%		1.85	%		3.96	%		5.58	%
2022		8.49		9.48		108,933		975,943		0.21	%		0.30	%		1.85	%		(19.35	)%		(18.09	)%
2021		10.52		11.57		121,629		1,344,382		1.57	%		0.30	%		1.85	%		(6.92	)%		(5.46	)%
2020		11.30		12.24		101,683		1,194,904		1.04	%		0.30	%		1.85	%		7.61	%		9.29	%
2019		10.50		11.20		126,073		1,353,254		1.55	%		0.30	%		1.85	%		5.57	%		7.21	%
American Funds IS Capital World Growth and Income Class 4
2023	$	16.59	$	18.30		175,150	$	3,036,171		1.76	%		0.30	%		1.80	%		18.51	%		20.29	%
2022		14.00		15.21		177,560		2,584,275		2.26	%		0.30	%		1.80	%		(19.04	)%		(17.82	)%
2021		17.29		18.51		161,402		2,886,057		1.66	%		0.30	%		1.80	%		12.42	%		14.12	%
2020		15.38		16.24		137,802		2,175,133		1.13	%		0.30	%		1.80	%		6.61	%		8.22	%
2019		14.43		15.07		133,512		1,966,633		1.65	%		0.30	%		1.85	%		28.40	%		30.34	%
American Funds IS Global Balanced Class 4
2023	$	14.15	$	15.60		275,455	$	4,045,794		1.48	%		0.30	%		1.85	%		11.60	%		12.60	%
2022		12.68		13.53		274,300		3,593,814		0.00	%		0.75	%		1.70	%		(16.17	)%		(15.37	)%
2021		15.07		15.98		256,329		3,984,964		0.83	%		0.30	%		1.85	%		8.60	%		9.64	%
2020		13.77		14.73		303,599		4,366,912		0.94	%		0.30	%		1.85	%		7.98	%		9.67	%
2019		12.76		13.43		259,920		3,415,773		1.26	%		0.30	%		1.85	%		18.06	%		19.85	%
American Funds IS Global Growth Class 4
2023	$	21.40	$	23.10		278,196	$	6,273,912		0.74	%		0.30	%		1.85	%		20.06	%		21.93	%
2022		17.83		19.09		238,643		4,460,681		0.44	%		0.30	%		1.85	%		(26.29	)%		(25.14	)%
2021		23.95		25.71		235,674		5,939,813		0.20	%		0.30	%		1.85	%		14.01	%		15.79	%
2020		20.72		22.38		257,600		5,650,892		0.16	%		0.30	%		1.85	%		27.78	%		29.78	%
2019		16.00		17.39		223,295		3,816,671		0.97	%		0.30	%		1.85	%		32.40	%		34.47	%
American Funds IS Global Small Capitalization Class 4
2023	$	14.50	$	16.21		88,945	$	1,341,436		0.03	%		0.30	%		1.85	%		13.67	%		15.44	%
2022		12.55		14.04		121,298		1,592,265		0.00	%		0.30	%		1.85	%		(30.98	)%		(29.90	)%
2021		18.18		20.03		135,846		2,559,606		0.00	%		0.30	%		1.85	%		4.48	%		6.11	%
2020		17.40		18.88		93,754		1,679,372		0.13	%		0.30	%		1.85	%		27.02	%		29.00	%
2019		13.70		14.64		98,191		1,375,775		0.01	%		0.30	%		1.85	%		28.84	%		30.85	%
American Funds IS Growth Class 1
2023	$	10.99	$	10.99		16,485	$	181,193		0.86	%		0.45	%		0.45	%		38.19	%		38.19	%
12/06/2022 - 12/31/2022		7.95		7.95		7,907		62,892		5.32	%		0.45	%		0.45	%		(3.34	)%		(3.34	)%
American Funds IS Growth Class 4
2023	$	13.68	$	34.82		1,401,646	$	40,357,104		0.17	%		0.30	%		1.85	%		35.62	%		37.72	%
2022		20.37		25.39		1,306,432		27,653,628		0.11	%		0.30	%		1.85	%		(31.39	)%		(30.32	)%
2021		29.70		36.61		1,215,693		37,277,031		0.05	%		0.30	%		1.85	%		19.45	%		21.32	%
2020		24.86		30.31		1,147,600		29,196,407		0.20	%		0.30	%		1.85	%		48.94	%		51.26	%
2019		16.68		20.13		977,419		16,638,760		0.57	%		0.30	%		1.85	%		28.05	%		30.05	%

See Notes to Financial Statements

SA-61

See explanation of references on page SA-68

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	$	12.51	$	12.51		6,514	$	81,495		2.39	%		0.45	%		0.45	%		25.90	%		25.90	%
08/25/2022 - 12/31/2022		9.94		9.94		1,895		18,834		3.73	%		0.45	%		0.45	%		(4.24	)%		(4.24	)%
American Funds IS Growth-Income Class 4
2023	$	20.78	$	25.14		787,489	$	17,082,465		1.16	%		0.30	%		1.85	%		23.53	%		25.45	%
2022		16.82		20.13		870,853		15,202,170		1.09	%		0.30	%		1.85	%		(18.23	)%		(16.96	)%
2021		20.57		24.35		842,439		17,877,271		0.94	%		0.30	%		1.85	%		21.53	%		23.31	%
2020		16.92		19.82		890,935		15,472,123		1.17	%		0.40	%		1.85	%		11.17	%		12.80	%
2019		15.06		17.63		958,573		14,890,984		1.49	%		0.30	%		1.85	%		23.55	%		25.35	%
American Funds IS International Class 4
2023	$	11.33	$	14.02		258,833	$	3,184,771		1.09	%		0.30	%		1.85	%		13.45	%		15.21	%
2022		9.98		12.17		274,173		2,949,941		1.56	%		0.30	%		1.85	%		(22.47	)%		(21.26	)%
2021		12.88		15.45		262,936		3,615,169		2.20	%		0.30	%		1.85	%		(3.51	)%		(2.01	)%
2020		13.35		15.77		251,014		3,526,811		0.44	%		0.30	%		1.85	%		11.58	%		13.32	%
2019		11.96		13.91		275,471		3,440,912		1.27	%		0.30	%		1.85	%		20.42	%		22.30	%
American Funds IS International Growth and Income Class 1 (5)
06/16/2023 - 12/31/2023	$	9.95	$	9.95		1,805	$	17,962		4.27	%		0.45	%		0.45	%		3.92	%		3.92	%
American Funds IS International Growth and Income Class 4
2023	$	11.69	$	14.70		129,803	$	1,586,684		2.21	%		0.30	%		1.85	%		13.54	%		15.31	%
2022		10.14		12.75		163,003		1,740,263		2.77	%		0.30	%		1.85	%		(17.07	)%		(15.78	)%
2021		12.23		15.14		163,875		2,095,505		2.71	%		0.30	%		1.85	%		3.17	%		4.78	%
2020		11.86		14.45		170,830		2,104,420		1.26	%		0.30	%		1.85	%		3.79	%		5.42	%
2019		11.42		13.71		194,022		2,294,997		2.34	%		0.30	%		1.85	%		20.22	%		22.10	%
American Funds IS Managed Risk Asset Allocation Class P1 (5),(6)
05/15/2023 - 12/08/2023	$	9.96	$	9.96		-	$	-		3.64	%		0.45	%		0.45	%		5.03	%		5.03	%
American Funds IS Managed Risk Asset Allocation Class P2
2023	$	9.65	$	14.66		1,106,627	$	14,987,353		1.85	%		0.30	%		1.85	%		8.22	%		9.90	%
2022		8.87		13.44		1,081,671		13,929,930		2.17	%		0.30	%		1.85	%		(15.54	)%		(14.23	)%
2021		10.45		15.80		1,150,358		17,734,168		1.33	%		0.30	%		1.85	%		10.44	%		12.17	%
2020		12.36		14.20		1,126,009		15,735,754		1.54	%		0.30	%		1.85	%		3.94	%		5.57	%
2019		11.83		13.56		1,074,245		14,361,623		2.34	%		0.30	%		1.85	%		15.82	%		16.69	%
American Funds IS New World Fund Class 1 (5)
05/23/2023 - 12/31/2023	$	8.76	$	8.76		16,519	$	144,721		4.08	%		0.45	%		0.45	%		7.96	%		7.96	%
American Funds IS New World Fund Class 4
2023	$	13.02	$	16.40		224,849	$	3,142,973		1.21	%		0.30	%		1.85	%		13.56	%		15.32	%
2022		11.46		14.23		243,539		2,970,798		1.12	%		0.30	%		1.85	%		(23.68	)%		(22.49	)%
2021		15.02		18.35		244,309		3,871,527		0.68	%		0.30	%		1.85	%		2.71	%		4.32	%
2020		14.62		17.59		203,039		3,110,839		0.04	%		0.30	%		1.85	%		21.03	%		22.92	%
2019		12.08		14.31		232,555		2,921,670		0.82	%		0.30	%		1.85	%		26.45	%		28.43	%
American Funds IS The Bond Fund of America Class 1
2023	$	9.14	$	9.14		12,318	$	112,551		4.46	%		0.45	%		0.45	%		4.73	%		4.73	%
08/25/2022 - 12/31/2022		8.72		8.72		9,138		79,724		See Note (7)			0.45	%		0.45	%		(3.58	)%		(3.58	)%
American Funds IS The Bond Fund of America Class 4
2023	$	9.85	$	10.92		672,343	$	6,952,200		3.39	%		0.30	%		1.85	%		2.81	%		4.41	%
2022		9.46		10.45		590,910		5,895,243		2.87	%		0.30	%		1.85	%		(14.35	)%		(13.01	)%
2021		11.05		12.02		496,026		5,730,081		1.21	%		0.30	%		1.85	%		(2.41	)%		(0.88	)%
2020		11.32		12.13		512,069		5,996,507		2.22	%		0.30	%		1.85	%		7.38	%		9.05	%
2019		10.54		11.12		314,251		3,408,548		2.65	%		0.30	%		1.85	%		7.08	%		8.75	%
American Funds IS U.S. Government Securities Class 1 (5)
05/23/2023 - 12/31/2023	$	9.12	$	9.12		3,380	$	30,831		7.31	%		0.45	%		0.45	%		1.41	%		1.41	%
American Funds IS U.S. Government Securities Class 4
2023	$	9.43	$	10.38		237,910	$	2,360,782		3.66	%		0.30	%		1.70	%		0.90	%		2.31	%
2022		9.34		10.15		274,241		2,664,028		3.20	%		0.30	%		1.80	%		(12.69	)%		(11.46	)%
2021		10.70		11.46		355,799		3,932,121		0.93	%		0.30	%		1.85	%		(2.55	)%		(1.17	)%
2020		10.86		11.62		540,025		6,076,201		1.94	%		0.30	%		1.85	%		7.53	%		8.94	%
2019		10.14		10.69		166,287		1,726,774		1.95	%		0.50	%		1.80	%		3.27	%		4.62	%
American Funds IS Washington Mutual Investors Class 4
2023	$	18.76	$	20.73		600,825	$	11,886,555		1.68	%		0.30	%		1.85	%		14.84	%		16.62	%
2022		16.12		17.85		679,825		11,642,291		1.79	%		0.30	%		1.85	%		(10.36	)%		(8.96	)%
2021		17.74		19.70		579,425		10,990,621		1.38	%		0.30	%		1.85	%		25.18	%		27.13	%
2020		13.98		15.56		455,179		6,892,892		1.67	%		0.30	%		1.85	%		6.48	%		8.15	%
2019		12.95		14.46		399,776		5,650,160		1.98	%		0.30	%		1.85	%		18.82	%		20.67	%

See Notes to Financial Statements

SA-62

See explanation of references on page SA-68

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

BlackRock 60/40 Target Allocation ETF V.I. Class I
2023	$	10.54	$	16.75		1,458,457	$	22,216,717		2.26	%		0.30	%		1.85	%		13.50	%		15.27	%
2022		9.16		14.53		1,274,585		16,967,744		2.42	%		0.30	%		1.85	%		(16.38	)%		(15.08	)%
2021		15.33		17.11		900,508		14,444,158		2.16	%		0.30	%		1.85	%		10.16	%		11.66	%
2020		13.99		15.33		652,737		9,486,052		2.24	%		0.30	%		1.80	%		12.62	%		13.41	%
2019		12.42		12.93		399,455		5,109,416		2.61	%		1.10	%		1.80	%		19.42	%		20.08	%
BlackRock Capital Appreciation V.I. Class III
2023	$	37.16	$	50.39		13,977	$	616,621		0.00	%		0.75	%		1.30	%		46.68	%		47.49	%
2022		25.33		34.17		15,645		468,595		0.00	%		0.75	%		1.30	%		(38.61	)%		(38.28	)%
2021		41.27		55.36		10,763		522,573		0.00	%		0.75	%		1.30	%		19.33	%		19.99	%
2020		34.58		46.14		12,741		517,797		0.00	%		0.75	%		1.30	%		39.69	%		40.46	%
2019		24.76		32.85		17,033		493,866		0.00	%		0.75	%		1.30	%		29.85	%		30.57	%
BlackRock Global Allocation V.I. Class III
2023	$	9.21	$	18.95		6,104,700	$	91,052,778		2.44	%		0.30	%		2.00	%		10.27	%		12.15	%
2022		8.29		16.92		6,676,716		91,119,820		0.00	%		0.30	%		2.00	%		(17.73	)%		(16.32	)%
2021		10.01		20.24		7,241,395		120,483,066		0.81	%		0.30	%		2.00	%		4.31	%		6.10	%
2020		13.38		19.09		7,736,066		123,571,677		1.27	%		0.30	%		2.00	%		18.32	%		20.35	%
2019		11.28		15.88		8,623,099		115,730,698		1.21	%		0.30	%		2.00	%		15.42	%		17.40	%
BlackRock S&P 500 Index V.I. Class I
2023	$	12.51	$	12.51		5,464	$	68,334		1.37	%		0.60	%		0.60	%		25.47	%		25.47	%
10/24/2022 - 12/31/2022		9.97		9.97		5,674		56,561		8.38	%		0.60	%		0.60	%		1.34	%		1.34	%
BlackRock Small Cap Index V.I. Class I
2023	$	8.98	$	9.02		24,187	$	217,906		2.86	%		0.45	%		0.60	%		16.00	%		16.00	%
10/24/2022 - 12/31/2022		7.74		7.74		3,643		28,190		6.67	%		0.60	%		0.60	%		1.01	%		1.01	%
Delaware Ivy VIP Asset Strategy Class II
2023	$	9.99	$	13.02		293,004	$	3,377,498		2.97	%		1.15	%		1.70	%		12.02	%		12.64	%
2022		8.88		11.51		138,767		1,510,607		2.01	%		1.15	%		1.70	%		(16.18	)%		(15.71	)%
2021		10.55		13.66		87,953		1,153,117		2.17	%		1.15	%		1.70	%		8.58	%		9.12	%
2020		12.11		12.52		50,094		623,786		1.43	%		1.15	%		1.70	%		11.96	%		12.52	%
2019		10.82		11.13		49,762		550,600		1.05	%		1.15	%		1.80	%		19.73	%		20.33	%
Delaware Ivy VIP Energy Class II
2023	$	6.77	$	8.02		548,077	$	3,883,128		3.74	%		0.30	%		1.80	%		2.16	%		3.70	%
2022		6.63		7.74		528,923		3,654,618		3.12	%		0.30	%		1.80	%		47.80	%		49.72	%
2021		4.48		5.10		416,003		1,926,730		1.59	%		0.50	%		1.80	%		39.61	%		41.29	%
2020		3.23		3.61		319,995		1,060,547		2.19	%		0.50	%		1.70	%		(37.90	)%		(37.15	)%
2019		5.21		5.75		204,128		1,082,752		0.00	%		0.50	%		1.70	%		1.73	%		2.96	%
DFA VA Global Bond Institutional Class (5)
08/22/2023 - 12/31/2023	$	9.61	$	9.61		3,951	$	37,977		19.01	%		0.45	%		0.45	%		1.92	%		1.92	%
DFA VA International Value Institutional Class (5)
08/30/2023 - 12/31/2023	$	12.63	$	12.63		2,821	$	35,642		18.50	%		0.45	%		0.45	%		4.84	%		4.84	%
DFA VA Short-Term Fixed Institutional Class (5)
04/13/2023 - 12/31/2023	$	10.22	$	10.22		11,264	$	115,162		8.33	%		0.45	%		0.45	%		3.29	%		3.29	%
DFA VA US Large Value Institutional Class
2023	$	12.46	$	12.46		25,057	$	312,106		5.05	%		0.45	%		0.45	%		10.43	%		10.43	%
12/06/2022 - 12/31/2022		11.28		11.28		5,743		64,779		See Note (7)			0.45	%		0.45	%		(0.83	)%		(0.83	)%
Fidelity VIP Consumer Discretionary Initial Class (5)
08/22/2023 - 12/31/2023	$	10.26	$	10.26		5,506	$	56,517		0.30	%		0.45	%		0.45	%		11.69	%		11.69	%
Fidelity VIP Contrafund Initial Class (5)
05/15/2023 - 12/31/2023	$	11.89	$	11.89		4,280	$	50,878		0.88	%		0.45	%		0.45	%		18.73	%		18.73	%
Fidelity VIP Contrafund Service Class 2
2023	$	13.38	$	33.40		1,392,098	$	42,637,463		0.26	%		0.30	%		1.85	%		30.69	%		32.72	%
2022		18.02		25.28		1,445,878		33,794,093		0.27	%		0.30	%		1.85	%		(27.83	)%		(26.71	)%
2021		24.64		34.65		1,366,969		44,036,527		0.03	%		0.30	%		1.85	%		25.17	%		27.13	%
2020		19.42		27.39		1,297,656		33,320,279		0.07	%		0.30	%		1.85	%		27.85	%		29.84	%
2019		14.99		21.26		1,268,217		25,314,064		0.22	%		0.30	%		1.85	%		28.87	%		30.88	%
Fidelity VIP FundsManager 60% Investor Class (5)
07/25/2023 - 12/31/2023	$	10.33	$	10.33		659,492	$	6,811,645		7.44	%		1.00	%		1.00	%		3.63	%		3.63	%
Fidelity VIP FundsManager 60% Service Class 2
2023	$	9.88	$	21.06		2,597,790	$	42,017,796		2.21	%		0.30	%		1.85	%		11.99	%		13.73	%
2022		8.77		18.53		2,574,726		38,488,862		1.72	%		0.30	%		1.85	%		(16.80	)%		(15.50	)%
2021		10.48		21.96		2,291,982		42,854,738		0.97	%		0.30	%		1.85	%		10.15	%		11.76	%
2020		13.69		19.65		2,070,740		35,291,993		0.93	%		0.30	%		1.85	%		12.81	%		14.46	%
2019		12.07		17.16		2,120,981		31,855,617		1.37	%		0.30	%		1.85	%		18.05	%		19.89	%

See Notes to Financial Statements

SA-63

See explanation of references on page SA-68

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 Government Money Market Initial Class (5)
04/24/2023 - 12/31/2023	$	10.46	$	10.50		80,627	$	843,618		4.97	%		0.45	%		0.60	%		3.16	%		3.16	%
Fidelity VIP Government Money Market Service Class
2023	$	9.20	$	10.86		3,392,793	$	33,060,258		4.71	%		0.30	%		1.95	%		2.78	%		4.49	%
2022		8.95		10.39		2,789,343		26,209,928		1.42	%		0.30	%		1.95	%		(0.59	)%		1.06	%
2021		9.00		10.28		1,980,259		18,771,461		0.01	%		0.30	%		1.95	%		(1.92	)%		(0.29	)%
2020		9.18		10.31		3,469,686		33,023,990		0.21	%		0.30	%		1.95	%		(1.66	)%		(0.02	)%
2019		9.33		10.32		2,342,735		22,547,886		1.88	%		0.30	%		1.95	%		(0.05	)%		1.61	%
Fidelity VIP Index 500 Initial Class (5)
06/16/2023 - 12/31/2023	$	12.56	$	12.56		4,005	$	50,310		3.14	%		0.45	%		0.45	%		8.76	%		8.76	%
Fidelity VIP Investment Grade Bond Initial Class (5)
06/16/2023 - 12/31/2023	$	9.12	$	9.12		26,617	$	242,804		6.55	%		0.45	%		0.45	%		3.08	%		3.08	%
Fidelity VIP Strategic Income Service Class 2
2023	$	11.29	$	13.01		570,883	$	6,768,246		4.54	%		0.30	%		1.80	%		7.24	%		8.85	%
2022		10.53		11.97		523,668		5,760,791		3.29	%		0.30	%		1.80	%		(13.09	)%		(11.78	)%
2021		12.11		13.58		614,445		7,729,030		2.60	%		0.30	%		1.85	%		1.69	%		3.22	%
2020		11.87		13.17		496,677		6,115,170		3.10	%		0.30	%		1.85	%		5.20	%		6.84	%
2019		11.28		12.34		542,010		6,311,547		3.20	%		0.30	%		1.85	%		8.63	%		10.32	%
First Trust Dorsey Wright Tactical Core Class I
2023	$	13.16	$	15.22		151,162	$	2,085,898		2.01	%		0.30	%		1.85	%		9.25	%		10.07	%
2022		12.05		12.71		146,775		1,846,824		1.51	%		0.30	%		1.85	%		(18.57	)%		(17.96	)%
2021		14.80		15.50		182,763		2,800,341		0.39	%		1.10	%		1.85	%		11.95	%		12.63	%
2020		13.34		13.76		148,482		2,028,978		0.46	%		1.10	%		1.80	%		9.22	%		9.88	%
2019		12.16		12.52		230,103		2,859,791		0.65	%		1.10	%		1.80	%		18.83	%		19.66	%
First Trust Multi Income Allocation Class I
2023	$	12.88	$	13.73		81,362	$	1,086,792		3.22	%		0.30	%		1.80	%		7.00	%		8.62	%
2022		11.92		12.64		121,378		1,506,394		2.95	%		0.30	%		1.80	%		(9.08	)%		(7.80	)%
2021		13.22		13.74		74,804		1,017,541		2.39	%		0.30	%		1.70	%		10.79	%		12.35	%
2020		11.94		12.34		63,213		771,686		1.99	%		0.30	%		1.70	%		0.76	%		2.18	%
2019		11.85		12.19		80,545		971,131		2.35	%		0.30	%		1.70	%		14.42	%		16.03	%
First Trust/Dow Jones Dividend & Income Allocation Class I
2023	$	9.88	$	20.66		2,970,840	$	49,495,656		2.24	%		0.30	%		1.85	%		8.49	%		10.18	%
2022		9.06		18.81		3,096,757		48,883,336		1.42	%		0.30	%		1.85	%		(13.81	)%		(12.46	)%
2021		10.45		21.55		3,026,924		56,180,043		0.95	%		0.30	%		1.85	%		10.19	%		11.91	%
2020		13.03		19.31		2,926,944		49,629,227		1.49	%		0.30	%		1.85	%		5.83	%		7.48	%
2019		12.24		18.02		3,070,545		49,008,538		1.58	%		0.30	%		2.00	%		18.56	%		20.41	%
Franklin Allocation VIP Class 2
2023	$	18.69	$	20.62		8,853	$	177,644		1.45	%		0.75	%		1.30	%		13.14	%		13.76	%
2022		16.52		18.13		8,823		155,832		1.54	%		0.75	%		1.30	%		(17.08	)%		(16.63	)%
2021		19.93		21.74		8,193		173,825		1.73	%		0.75	%		1.30	%		10.24	%		10.85	%
2020		18.08		19.61		7,811		149,542		1.44	%		0.75	%		1.30	%		10.30	%		10.91	%
2019		16.39		17.68		7,481		129,136		3.61	%		0.75	%		1.30	%		18.31	%		18.96	%
Franklin Allocation VIP Class 4
2023	$	9.84	$	19.47		873,069	$	12,841,454		1.28	%		0.30	%		1.85	%		12.53	%		14.28	%
2022		8.70		17.26		834,517		11,519,231		1.49	%		0.30	%		1.85	%		(17.73	)%		(16.44	)%
2021		10.52		20.92		825,709		14,177,915		1.57	%		0.30	%		1.85	%		9.49	%		11.20	%
2020		13.70		19.06		809,881		12,820,083		1.32	%		0.30	%		1.85	%		9.70	%		11.42	%
2019		12.30		17.33		745,663		10,820,775		3.41	%		0.30	%		1.85	%		17.37	%		19.08	%
Franklin Income VIP Class 2
2023	$	12.91	$	14.79		859,181	$	11,703,084		5.24	%		0.30	%		1.85	%		6.64	%		8.30	%
2022		12.11		13.66		895,553		11,369,908		4.77	%		0.30	%		1.85	%		(7.20	)%		(5.76	)%
2021		13.05		14.49		830,074		11,293,268		4.66	%		0.30	%		1.85	%		14.62	%		16.40	%
2020		11.38		12.45		844,312		9,958,175		5.75	%		0.30	%		1.85	%		(1.15	)%		0.39	%
2019		11.52		12.40		979,117		11,608,410		5.60	%		0.30	%		1.85	%		13.93	%		14.79	%
Franklin Mutual Global Discovery VIP Class 2
2023	$	17.18	$	25.76		199,790	$	3,984,403		2.37	%		0.30	%		1.85	%		18.11	%		19.41	%
2022		14.53		21.57		255,792		4,246,970		1.31	%		0.30	%		1.85	%		(6.49	)%		(5.46	)%
2021		15.51		22.82		279,626		4,924,319		2.56	%		0.30	%		1.85	%		16.95	%		18.24	%
2020		13.24		19.30		350,404		5,233,294		2.30	%		0.40	%		1.85	%		(6.21	)%		(4.84	)%
2019		14.10		20.35		370,073		5,739,296		1.55	%		0.40	%		1.85	%		22.09	%		23.87	%
Franklin Rising Dividends VIP Class 1
2023	$	12.46	$	12.46		1,292	$	16,104		1.12	%		0.45	%		0.45	%		11.89	%		11.89	%
08/25/2022 - 12/31/2022		11.14		11.14		1,270		14,146		0.00	%		0.45	%		0.45	%		(1.31	)%		(1.31	)%

See Notes to Financial Statements

SA-64

See explanation of references on page SA-68

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 Rising Dividends VIP Class 2
2023	$	21.23	$	29.80		461,507	$	12,477,633		0.94	%		0.30	%		1.85	%		10.03	%		11.74	%
2022		19.04		26.88		513,673		12,527,581		0.80	%		0.30	%		1.85	%		(12.21	)%		(10.84	)%
2021		21.40		30.39		522,340		14,450,250		0.84	%		0.30	%		1.85	%		24.47	%		26.41	%
2020		16.96		24.24		583,366		12,891,097		1.24	%		0.30	%		1.85	%		13.84	%		15.62	%
2019		14.70		21.13		664,783		12,873,709		1.23	%		0.30	%		1.85	%		26.86	%		28.84	%
Templeton Global Bond VIP Class 2
2023	$	7.68	$	10.82		437,493	$	3,567,811		0.00	%		0.30	%		1.85	%		1.00	%		2.58	%
2022		7.59		10.60		521,452		4,175,712		0.00	%		0.30	%		1.85	%		(6.69	)%		(5.23	)%
2021		8.12		11.24		643,218		5,510,416		0.00	%		0.30	%		1.85	%		(6.73	)%		(5.28	)%
2020		8.70		11.92		693,142		6,300,589		8.27	%		0.30	%		1.85	%		(7.02	)%		(5.56	)%
2019		9.34		12.67		825,399		8,011,967		7.17	%		0.30	%		1.85	%		0.14	%		1.71	%
Janus Henderson Balanced Service Shares
2023	$	10.24	$	23.82		25,946,171	$	470,993,618		1.81	%		0.30	%		1.85	%		13.03	%		14.79	%
2022		9.01		20.78		24,154,199		409,347,459		1.11	%		0.30	%		1.85	%		(18.14	)%		(16.87	)%
2021		10.95		25.02		21,201,007		458,561,186		0.69	%		0.30	%		1.85	%		14.77	%		16.56	%
2020		14.81		21.48		18,083,049		345,115,466		1.56	%		0.30	%		1.85	%		11.94	%		13.69	%
2019		13.21		18.92		15,309,411		260,453,551		1.70	%		0.30	%		1.85	%		20.03	%		21.91	%
Janus Henderson Flexible Bond Service Shares
2023	$	9.58	$	10.81		259,548	$	2,634,524		3.63	%		0.30	%		1.85	%		3.37	%		4.98	%
2022		9.27		10.30		242,745		2,370,696		1.93	%		0.30	%		1.85	%		(15.48	)%		(14.16	)%
2021		10.96		11.99		282,188		3,244,916		1.85	%		0.30	%		1.85	%		(2.93	)%		(1.41	)%
2020		11.29		12.17		221,172		2,599,800		2.45	%		0.30	%		1.85	%		8.23	%		9.92	%
2019		10.43		11.07		187,412		2,018,458		2.86	%		0.30	%		1.85	%		7.27	%		8.95	%
ClearBridge Variable Aggressive Growth - Class II
2023	$	13.61	$	15.41		58,626	$	823,622		0.06	%		0.30	%		1.65	%		22.11	%		23.76	%
2022		11.15		12.45		67,561		774,357		0.00	%		0.30	%		1.85	%		(27.93	)%		(26.81	)%
2021		15.25		17.01		87,945		1,385,391		0.17	%		0.30	%		1.85	%		8.08	%		9.71	%
2020		14.15		15.50		48,591		707,537		0.60	%		0.30	%		1.80	%		15.63	%		17.38	%
2019		12.24		13.21		46,657		584,246		0.79	%		0.30	%		1.80	%		22.52	%		24.37	%
Lord Abbett Bond Debenture Class VC
2023	$	12.00	$	14.53		389,007	$	4,991,876		5.24	%		0.30	%		1.85	%		4.60	%		6.23	%
2022		11.42		13.69		359,104		4,381,921		3.89	%		0.30	%		1.85	%		(14.40	)%		(13.06	)%
2021		13.00		15.77		448,435		6,380,824		3.17	%		0.30	%		1.85	%		1.38	%		2.97	%
2020		12.76		15.33		371,185		5,174,304		3.63	%		0.30	%		1.85	%		5.34	%		6.98	%
2019		11.85		14.34		477,216		6,243,103		5.29	%		0.30	%		1.85	%		11.28	%		13.01	%
Lord Abbett Total Return Class VC
2023	$	9.70	$	12.94		484,104	$	5,183,695		4.08	%		0.30	%		1.85	%		4.39	%		6.02	%
2022		9.29		12.26		539,214		5,483,421		3.24	%		0.30	%		1.85	%		(15.62	)%		(14.30	)%
2021		11.01		14.37		586,358		7,001,997		1.89	%		0.30	%		1.85	%		(2.07	)%		(0.54	)%
2020		11.24		14.51		556,459		6,751,459		2.40	%		0.30	%		1.85	%		5.46	%		7.10	%
2019		10.66		13.61		554,177		6,344,069		2.66	%		0.30	%		1.85	%		6.42	%		8.08	%
MFS Massachusetts Investors Growth Stock - Service Class
2023	$	26.36	$	26.83		23,493	$	627,855		0.05	%		0.75	%		0.95	%		22.54	%		22.78	%
2022		21.51		21.85		25,445		553,556		0.00	%		0.75	%		0.95	%		(20.21	)%		(20.05	)%
2021		26.96		27.33		27,000		735,319		0.03	%		0.75	%		0.95	%		24.47	%		24.72	%
2020		21.66		21.91		31,066		678,690		0.23	%		0.75	%		0.95	%		21.04	%		21.29	%
2019		17.90		18.07		38,834		699,323		0.34	%		0.75	%		0.95	%		38.26	%		38.54	%
MFS Total Return Series - Service Class
2023	$	10.09	$	22.07		2,344,825	$	39,616,744		1.83	%		0.30	%		1.85	%		8.20	%		9.89	%
2022		9.28		20.10		2,329,635		37,294,735		1.50	%		0.30	%		1.85	%		(11.49	)%		(10.11	)%
2021		10.42		22.39		2,115,821		39,058,927		1.64	%		0.30	%		1.85	%		11.75	%		13.38	%
2020		12.80		19.80		2,036,187		33,901,742		2.10	%		0.40	%		1.85	%		7.51	%		9.08	%
2019		11.84		18.21		2,058,464		31,763,722		2.10	%		0.40	%		1.85	%		17.92	%		19.64	%
MFS Utilities Series - Initial Class (5)
06/16/2023 - 12/31/2023	$	11.08	$	11.08		2,128	$	23,566		6.12	%		0.45	%		0.45	%		(2.83	)%		(2.83	)%
MFS Utilities Series - Service Class
2023	$	15.82	$	19.20		275,780	$	4,665,504		3.39	%		0.30	%		1.85	%		(4.12	)%		(2.62	)%
2022		16.49		19.81		280,946		4,927,409		2.25	%		0.30	%		1.85	%		(1.36	)%		0.18	%
2021		16.86		19.86		267,962		4,742,961		1.52	%		0.30	%		1.85	%		11.74	%		13.48	%
2020		15.06		18.56		272,754		4,308,866		2.13	%		0.30	%		1.85	%		3.68	%		5.20	%
2019		14.41		17.65		301,907		4,580,547		3.80	%		0.40	%		1.85	%		22.51	%		24.30	%

See Notes to Financial Statements

SA-65

See explanation of references on page SA-68

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	$	28.89	$	36.29		26,582	$	828,521		1.41	%		0.75	%		1.30	%		6.25	%		6.83	%
2022		27.19		33.97		28,793		840,262		1.14	%		0.75	%		1.30	%		(7.35	)%		(6.84	)%
2021		29.35		36.46		32,921		1,032,660		1.15	%		0.75	%		1.30	%		23.54	%		24.22	%
2020		23.76		29.35		40,249		1,021,212		1.39	%		0.75	%		1.30	%		1.89	%		2.45	%
2019		23.32		28.65		42,088		1,041,862		1.90	%		0.75	%		1.30	%		27.83	%		28.54	%
Neuberger Berman U.S. Equity Index PutWrite Strategy Class S
2023	$	12.97	$	13.18		17,922	$	235,582		0.00	%		1.20	%		1.40	%		13.41	%		13.63	%
2022		11.44		11.60		11,250		130,146		0.00	%		1.20	%		1.40	%		(12.51	)%		(12.34	)%
2021		13.07		13.24		8,121		107,066		0.23	%		1.20	%		1.40	%		16.30	%		16.54	%
2020		11.24		11.36		14,890		168,817		0.86	%		1.20	%		1.40	%		6.75	%		6.97	%
2019		10.53		10.62		14,644		155,272		0.16	%		1.20	%		1.40	%		13.66	%		13.88	%
PIMCO All Asset - Advisor Class
2023	$	12.84	$	13.05		12,067	$	157,414		2.55	%		1.20	%		1.65	%		6.25	%		6.73	%
2022		12.08		12.23		18,530		225,786		7.60	%		1.20	%		1.65	%		(13.31	)%		(12.92	)%
2021		13.94		14.04		16,590		232,539		10.93	%		1.20	%		1.65	%		14.31	%		14.66	%
06/01/2020 - 12/31/2020		12.22		12.25		10,124		123,977		4.31	%		1.20	%		1.50	%		16.16	%		16.36	%
PIMCO CommodityRealReturn Strategy - Advisor Class
2023	$	6.34	$	12.96		235,275	$	1,684,945		14.73	%		0.30	%		1.85	%		(9.62	)%		(8.21	)%
2022		7.01		14.12		196,177		1,544,000		21.57	%		0.30	%		1.85	%		6.68	%		8.34	%
2021		6.57		13.03		121,791		912,209		4.35	%		0.30	%		1.85	%		30.67	%		32.71	%
2020		5.03		9.82		72,940		404,040		6.21	%		0.30	%		1.85	%		(0.63	)%		0.07	%
2019		5.06		5.61		90,377		497,928		4.29	%		1.10	%		1.85	%		9.31	%		10.08	%
PIMCO Emerging Markets Bond - Institutional Class (5)
06/20/2023 - 12/31/2023	$	9.13	$	9.13		1,070	$	9,772		6.13	%		0.45	%		0.45	%		7.56	%		7.56	%
PIMCO Income - Advisor Class
2023	$	10.74	$	11.28		236,216	$	2,593,295		5.23	%		0.30	%		1.65	%		6.39	%		7.84	%
2022		10.09		10.46		179,837		1,841,783		3.75	%		0.30	%		1.80	%		(9.07	)%		(8.07	)%
2021		11.18		11.38		122,952		1,381,349		2.83	%		0.30	%		1.65	%		0.48	%		1.49	%
06/01/2020 - 12/31/2020		11.10		11.20		33,645		375,263		2.92	%		0.40	%		1.65	%		7.85	%		7.85	%
PIMCO Low Duration - Institutional Class (5),(6)
04/25/2023 - 12/01/2023	$	9.63	$	9.63		-	$	-		3.88	%		0.45	%		0.45	%		1.69	%		1.69	%
PIMCO Total Return - Institutional Class
2023	$	8.95	$	8.95		12,798	$	114,496		3.73	%		0.45	%		0.45	%		5.62	%		5.62	%
12/06/2022 - 12/31/2022		8.47		8.47		7,740		65,565		4.68	%		0.45	%		0.45	%		(1.04	)%		(1.04	)%
Schwab S&P 500 Index (5)
05/23/2023 - 12/31/2023	$	12.59	$	12.59		12,237	$	154,052		1.17	%		0.45	%		0.45	%		15.82	%		15.82	%
Schwab VIT Balanced
2023	$	14.81	$	14.81		295,498	$	4,377,082		1.86	%		0.60	%		0.60	%		11.29	%		11.29	%
2022		13.31		13.31		305,434		4,065,192		1.43	%		0.60	%		0.60	%		(15.22	)%		(15.22	)%
2021		15.70		15.70		320,556		5,032,331		1.32	%		0.60	%		0.60	%		7.54	%		7.54	%
2020		14.60		14.60		338,208		4,937,141		1.89	%		0.60	%		0.60	%		7.58	%		7.58	%
2019		13.57		13.57		289,601		3,929,665		1.56	%		0.60	%		0.60	%		13.56	%		13.56	%
Schwab VIT Balanced with Growth
2023	$	17.39	$	17.39		440,840	$	7,667,512		1.66	%		0.60	%		0.60	%		14.17	%		14.17	%
2022		15.23		15.23		476,004		7,251,571		1.62	%		0.60	%		0.60	%		(16.51	)%		(16.51	)%
2021		18.25		18.25		477,854		8,718,882		1.34	%		0.60	%		0.60	%		10.76	%		10.76	%
2020		16.47		16.47		530,580		8,740,754		2.03	%		0.60	%		0.60	%		9.43	%		9.43	%
2019		15.05		15.05		564,874		8,503,866		1.87	%		0.60	%		0.60	%		17.34	%		17.34	%
Schwab VIT Growth
2023	$	20.20	$	20.20		198,966	$	4,018,254		1.57	%		0.60	%		0.60	%		16.82	%		16.82	%
2022		17.29		17.29		210,378		3,636,909		1.73	%		0.60	%		0.60	%		(17.74	)%		(17.74	)%
2021		21.01		21.01		223,031		4,686,910		1.32	%		0.60	%		0.60	%		13.98	%		13.98	%
2020		18.44		18.44		251,894		4,644,075		2.01	%		0.60	%		0.60	%		10.67	%		10.67	%
2019		16.66		16.66		289,593		4,824,304		1.83	%		0.60	%		0.60	%		20.12	%		20.12	%
State Street Total Return V.I.S. Class 3
2023	$	9.74	$	25.67		942,890	$	15,752,368		2.07	%		0.30	%		2.00	%		12.93	%		14.86	%
2022		8.59		22.37		927,873		14,276,548		0.40	%		0.30	%		2.00	%		(18.37	)%		(16.97	)%
2021		10.43		26.97		955,868		18,323,032		1.85	%		0.30	%		2.00	%		10.96	%		12.86	%
2020		12.06		23.92		1,018,022		17,562,108		1.59	%		0.30	%		2.00	%		4.04	%		5.82	%
2019		11.51		22.63		1,121,297		18,687,701		2.04	%		0.30	%		2.00	%		13.28	%		15.22	%
T. Rowe Price Blue Chip Growth - I (5)
04/13/2023 - 12/31/2023	$	10.11	$	10.11		36,285	$	366,946		0.00	%		0.45	%		0.45	%		26.70	%		26.70	%

See Notes to Financial Statements

SA-66

See explanation of references on page SA-68

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 Health Sciences - I
2023	$	9.40	$	9.40		4,859	$	45,652		0.00	%		0.45	%		0.45	%		2.50	%		2.50	%
07/01/2022 - 12/31/2022		9.17		9.17		1,529		14,012		0.00	%		0.45	%		0.45	%		4.53	%		4.53	%
VanEck VIP Global Resources Class S
2023	$	7.79	$	8.86		116,942	$	1,016,714		2.27	%		0.30	%		1.80	%		(5.55	)%		(4.12	)%
2022		8.24		11.39		204,817		1,875,835		1.39	%		0.30	%		1.85	%		6.20	%		7.80	%
2021		7.76		10.57		193,779		1,643,060		0.33	%		0.30	%		1.80	%		16.68	%		18.32	%
2020		6.74		8.93		135,896		991,527		0.72	%		0.30	%		1.70	%		16.82	%		18.47	%
2019		5.77		7.54		155,799		972,038		0.00	%		0.30	%		1.70	%		9.67	%		11.21	%
Vanguard VIF Balanced
2023	$	11.24	$	11.29		164,541	$	1,855,948		1.85	%		0.45	%		0.60	%		13.81	%		13.81	%
05/31/2022 - 12/31/2022		9.92		9.92		145,591		1,443,709		0.00	%		0.45	%		0.60	%		(3.89	)%		(3.89	)%
Vanguard VIF Capital Growth (5)
08/22/2023 - 12/31/2023	$	12.00	$	12.00		13,133	$	157,632		0.00	%		0.45	%		0.45	%		8.34	%		8.34	%
Vanguard VIF Conservative Allocation
2023	$	9.81	$	9.85		28,494	$	280,165		0.95	%		0.45	%		0.60	%		11.84	%		12.01	%
10/13/2022 - 12/31/2022		8.77		8.80		99,839		876,253		0.00	%		0.45	%		0.60	%		4.51	%		4.51	%
Vanguard VIF Diversified Value (5)
05/02/2023 - 12/31/2023	$	12.87	$	12.87		46,974	$	604,356		0.00	%		0.60	%		0.60	%		14.89	%		14.89	%
Vanguard VIF Equity Income (5)
06/16/2023 - 12/31/2023	$	12.86	$	12.86		19,478	$	250,401		0.00	%		0.45	%		0.45	%		6.72	%		6.72	%
Vanguard VIF Equity Index (5)
08/30/2023 - 12/31/2023	$	12.55	$	12.55		6,173	$	77,465		0.00	%		0.45	%		0.45	%		6.01	%		6.01	%
Vanguard VIF High Yield Bond (5)
05/23/2023 - 12/31/2023	$	10.28	$	10.28		3,583	$	36,845		0.00	%		0.45	%		0.45	%		7.93	%		7.93	%
Vanguard VIF International (5)
08/30/2023 - 12/31/2023	$	7.03	$	7.03		9,831	$	69,093		0.00	%		0.45	%		0.45	%		3.74	%		3.74	%
Vanguard VIF Mid-Cap Index (5)
05/23/2023 - 12/31/2023	$	10.85	$	10.85		21,132	$	229,320		0.00	%		0.45	%		0.45	%		14.13	%		14.13	%
Vanguard VIF Moderate Allocation (5)
02/13/2023 - 12/31/2023	$	10.21	$	10.21		82,923	$	846,435		2.32	%		0.60	%		0.60	%		8.78	%		8.78	%
Vanguard VIF Real Estate Index
2023	$	10.89	$	10.89		10,608	$	115,479		0.67	%		0.45	%		0.45	%		11.20	%		11.20	%
07/01/2022 - 12/31/2022		9.79		9.79		1,243		12,171		0.00	%		0.45	%		0.45	%		(9.20	)%		(9.20	)%
Vanguard VIF Short-Term Investment-Grade (5)
05/23/2023 - 12/31/2023	$	9.83	$	9.83		9,885	$	97,128		0.00	%		0.45	%		0.45	%		3.75	%		3.75	%
Vanguard VIF Total Bond Market Index (5)
05/15/2023 - 12/31/2023	$	8.98	$	8.98		29,851	$	268,074		0.00	%		0.45	%		0.45	%		2.02	%		2.02	%
Vanguard VIF Total International Stock Market Index
2023	$	9.84	$	9.88		57,240	$	565,367		0.61	%		0.45	%		0.60	%		14.85	%		14.85	%
10/24/2022 - 12/31/2022		8.56		8.56		3,677		31,497		0.00	%		0.60	%		0.60	%		12.87	%		12.87	%
Vanguard VIF Total Stock Market Index (5)
04/25/2023 - 12/31/2023	$	11.86	$	11.86		38,422	$	455,824		0.00	%		0.45	%		0.45	%		18.65	%		18.65	%

See Notes to Financial Statements

SA-67

See explanation of references on page SA-68

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

Explanation of References for Financial Highlights on pages SA-56 to SA-67

(1)	The AUV is presented as a range from lowest to highest based on the ending AUV for all product groupings as of December 31 of each year or period ended. The lowest and highest AUV may be the same for a variable account if there is only one product which had investments at the end of the year or period.
(2)	The investment income ratios represent the dividends, excluding distributions of capital gains, received by the variable accounts from the underlying portfolios, divided by the average daily net assets (See Note 3 in Notes to Financial Statements). These ratios exclude those expenses, such as mortality and expense risk ("M&E") fees, administrative fees, and additional death benefit rider charges, if any, that are assessed against contract owner accounts, either through reductions in the unit values or the redemption of units. The recognition of investment income by the variable accounts is affected by the timing of the declaration of dividends by the underlying portfolios in which the variable accounts invest. The investment income ratios for periods of less than one full year are annualized.
(3)	The expense ratios represent annualized contract fees and expenses of the Separate Account divided by the average daily net assets for each period indicated. These ratios include only those expenses that result in a direct reduction of unit values. Excluded are expenses of the underlying portfolios in which the variable accounts invest and charges made directly to contract owner accounts through the redemption of units (See Note 4 in Notes to Financial Statements). The expense ratios are presented as a range of lowest to highest based on the product groupings. The expense ratios for periods of less than one full year are annualized.
(4)	Total returns reflect changes in unit values of the underlying portfolios and deductions for M&E fees, administrative fees, and additional death benefit rider charges, if any, assessed through the daily AUV calculation. These fees and charges are assessed at annual rates ranging from 0.30% to 2.00% based on the average daily net assets of each variable account as discussed in Note 4 in Notes to Financial Statements. Total returns do not include deductions at the separate account or contract level for any premium loads, maintenance fees, premium tax charges, withdrawal and surrender charges, charges for other optional benefit riders, or other charges that may be incurred under a contract which, if incurred, would have resulted in lower returns. Total returns are presented as a range from lowest to highest values based on the product grouping representing the minimum to maximum expense ratio amounts. Total returns for those contracts which commenced operations subsequent to the beginning of the year or period indicated for each variable account may not be within the ranges presented, and these contracts are excluded when calculating the total returns from lowest to highest as presented in the table. Total returns are calculated for each period indicated and are not annualized for periods of less than one full year.
(5)	Operations commenced or resumed during 2023 (See Note 1 in Notes to Financial Statements).
(6)	All units were fully redeemed or transferred prior to December 31, 2023. The AUV is as of the period ended as indicated.
(7)	The annualized investment income ratios for the American Funds IS Asset Allocation Class 1, American Funds IS The Bond Fund of America Class 1, and DFA VA US Large Value Institutional Class Variable Accounts were 25.66%, 17.51%, and 24.34%, respectively, for 2022. The high investment income ratios were due to large purchases received shortly before the annual investment income distributions in 2022.

See Notes to Financial Statements

SA-68

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS

1. ORGANIZATION

The Separate Account A (the “Separate Account”) of Pacific Life & Annuity Company (“PL&A”) 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, Lord Abbett Series Fund, Inc., MFS Variable Insurance Trust, MFS Variable Insurance Trust II, Neuberger Berman Advisers Management Trust, Northern Lights Variable Trust, PIMCO Variable Insurance Trust, Schwab Annuity Portfolios, State Street Variable Insurance Series Funds, Inc., T. Rowe Price Equity Series, Inc., Van Eck VIP Trust, and Vanguard Variable Insurance Fund. The Variable Accounts which have not commenced operations as of December 31, 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 commenced or resumed operations during 2023:

	Commenced		Commenced
	or Resumed		or Resumed
Variable Accounts	Operations on	Variable Accounts	Operations on
Floating Rate Income Class P	May 15, 2023	MFS Utilities Series - Initial Class	June 16, 2023
American Century Inflation Protection Class I	June 16, 2023	PIMCO Emerging Markets Bond - Institutional Class	June 20, 2023
American Funds IS Capital Income Builder Class 1	April 25, 2023	PIMCO Low Duration - Institutional Class	April 25, 2023
American Funds IS International Growth and Income Class 1	June 16, 2023	Schwab S&P 500 Index	May 23, 2023
American Funds IS Managed Risk Asset Allocation Class P1	May 15, 2023	T. Rowe Price Blue Chip Growth - I	April 13, 2023
American Funds IS New World Fund Class 1	May 23, 2023	Vanguard VIF Capital Growth	August 22, 2023
American Funds IS U.S. Government Securities Class 1	May 23, 2023	Vanguard VIF Diversified Value	May 2, 2023
DFA VA Global Bond Institutional Class	August 22, 2023	Vanguard VIF Equity Income	June 16, 2023
DFA VA International Value Institutional Class	August 30, 2023	Vanguard VIF Equity Index	August 30, 2023
DFA VA Short-Term Fixed Institutional Class	April 13, 2023	Vanguard VIF High Yield Bond	May 23, 2023
Fidelity VIP Consumer Discretionary Initial Class	August 22, 2023	Vanguard VIF International	August 30, 2023
Fidelity VIP Contrafund Initial Class	May 15, 2023	Vanguard VIF Mid-Cap Index	May 23, 2023
Fidelity VIP FundsManager 60% Investor Class	July 25, 2023	Vanguard VIF Moderate Allocation	February 13, 2023
Fidelity VIP Government Money Market Initial Class	April 24, 2023	Vanguard VIF Short-Term Investment-Grade	May 23, 2023
Fidelity VIP Index 500 Initial Class	June 16, 2023	Vanguard VIF Total Bond Market Index	May 15, 2023
Fidelity VIP Investment Grade Bond Initial Class	June 16, 2023	Vanguard VIF Total Stock Market Index	April 25, 2023

The units in the Floating Rate Income Class P, American Funds IS Capital Income Builder Class 1, American Funds IS Managed Risk Asset Allocation Class P1, and PIMCO Low Duration - Institutional Class Variable Accounts were fully redeemed or transferred prior to December 31, 2023.

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 PL&A. The assets of the Separate Account will not be charged with any liabilities arising out of any other business conducted by PL&A, but the obligations of the Separate Account, including benefits related to variable annuity contracts, are obligations of PL&A.

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-69

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 PL&A, 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. PL&A 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 percent. The mortality risk is fully borne by PL&A and may result in additional amounts being transferred into the Variable Accounts by PL&A to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed the amounts required, transfers may be made to PL&A. 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

PL&A deducts from the Separate Account daily charges for mortality and expense risks ("M&E") and administrative fees PL&A 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 PL&A is the risk that the annuitant will live longer than predicted and will receive more annuity payments than anticipated. PL&A 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-70

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	Stepped-Up Death Benefit			Stepped-Up Death Benefit			Stepped-Up 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	%

				With Return of Purchase
Pacific Choice Income	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	%

Pacific Destinations and				With Stepped-Up			With Stepped-Up
Pacific Destination - O Series Contracts	Standard Death Benefit			Death Benefit Rider			Death Benefit II Rider
M&E Charge		0.60	%		0.60	%		0.60	%
Administrative Fee		0.15	%		0.15	%		0.15	%
Death Benefit Rider Charge		None			0.20	%		0.20	%
Total Annual Expenses		0.75	%		0.95	%		0.95	%

				With Stepped-Up
Pacific Destinations B Contracts	Standard Death Benefit			Death Benefit Rider
M&E Charge		1.15	%		1.15	%
Administrative Fee		0.15	%		0.15	%
Death Benefit Rider Charge		None			0.20	%
Total Annual Expenses		1.30	%		1.50	%

	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	%

SA-71

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	Death Benefit Options
	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 II 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
(issued prior to 12/1/2016)	Standard Death Benefit			Death Benefit Rider
M&E Charge		0.15	%		0.15	%
Administrative Fee		0.25	%		0.25	%
Death Benefit Rider Charge		None			0.20	%
Total Annual Expenses		0.40	%		0.60	%

				With Stepped-Up
Pacific One Select 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 Stepped-Up
Pacific 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	%

				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	%

Pacific Value and				With Stepped-Up
Pacific Innovations Select Contracts	Standard Death Benefit			Death Benefit Rider
M&E Charge		1.40	%		1.40	%
Administrative Fee		0.25	%		0.25	%
Death Benefit Rider Charge		None			0.20	%
Total Annual Expenses		1.65	%		1.85	%

				With Stepped-Up
Pacific Value Edge Contracts	Standard Death Benefit			Death Benefit Rider
M&E Charge		1.55	%		1.55	%
Administrative Fee		0.25	%		0.25	%
Death Benefit Rider Charge		None			0.20	%
Total Annual Expenses		1.80	%		2.00	%

SA-72

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	Death Benefit Options
				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 Income				With Return of Purchase			With Stepped-Up
Variable Annuity Contracts	Standard Death Benefit			Payments Death Benefit Rider			Death Benefit Rider
M&E Charge		0.35	%		0.35	%		0.35	%
Administrative Fee		0.25	%		0.25	%		0.25	%
Death Benefit Rider Charge		None			0.20	%		0.40	%
Total Annual Expenses		0.60	%		0.80	%		1.00	%

Under the Contracts, PL&A 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 a 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 PL&A 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.

PL&A is a wholly-owned subsidiary of Pacific Life Insurance Company ("Pacific Life"). The assets of certain Variable Accounts invest in Class D, Class I, or Class P shares of the corresponding Portfolios of 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.

SA-73

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

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 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		29,629	(28,051	)	1,578			36,910	(19,092	)	17,818
Diversified Bond Class I		113,521	(130,657	)	(17,136	)		140,042	(247,196	)	(107,154	)
Floating Rate Income Class I		171,284	(243,312	)	(72,028	)		247,576	(201,754	)	45,822
Floating Rate Income Class P		1,186	(1,186	)	-
High Yield Bond Class I		56,292	(87,990	)	(31,698	)		114,607	(136,840	)	(22,233	)
Inflation Managed Class I		76,136	(188,805	)	(112,669	)		288,404	(167,793	)	120,611
Intermediate Bond Class I		16,791	(1,314	)	15,477			35,268	(4,673	)	30,595
Managed Bond Class I		95,429	(129,370	)	(33,941	)		69,178	(269,352	)	(200,174	)
Short Duration Bond Class I		194,325	(268,822	)	(74,497	)		185,946	(249,633	)	(63,687	)
Emerging Markets Debt Class I		19,126	(28,302	)	(9,176	)		9,681	(41,580	)	(31,899	)
Dividend Growth Class I		175,902	(192,480	)	(16,578	)		241,616	(108,364	)	133,252
Equity Index Class I		385,407	(905,399	)	(519,992	)		686,325	(542,529	)	143,796
Focused Growth Class I		46,134	(44,805	)	1,329			48,792	(74,473	)	(25,681	)
Growth Class I		51,989	(58,469	)	(6,480	)		61,390	(52,305	)	9,085
Hedged Equity Class I		1,800,891	(396,208	)	1,404,683			1,595,899	(114,363	)	1,481,536
Large-Cap Core Class I		40,281	(36,348	)	3,933			47,340	(57,043	)	(9,703	)
Large-Cap Growth Class I		86,621	(111,033	)	(24,412	)		78,118	(96,364	)	(18,246	)
Large-Cap Value Class I		76,334	(95,113	)	(18,779	)		108,348	(89,564	)	18,784
Mid-Cap Equity Class I		25,440	(55,105	)	(29,665	)		55,515	(34,006	)	21,509
Mid-Cap Growth Class I		56,140	(80,836	)	(24,696	)		59,725	(68,758	)	(9,033	)
Mid-Cap Value Class I		83,162	(47,948	)	35,214			28,818	(68,463	)	(39,645	)
Small-Cap Equity Class I		133,199	(40,309	)	92,890			58,883	(20,946	)	37,937
Small-Cap Growth Class I		32,681	(45,028	)	(12,347	)		48,131	(53,594	)	(5,463	)
Small-Cap Index Class I		169,395	(108,195	)	61,200			107,318	(79,605	)	27,713
Small-Cap Value Class I		41,170	(45,447	)	(4,277	)		62,907	(57,951	)	4,956
Value Class I		31,009	(40,122	)	(9,113	)		71,259	(37,184	)	34,075
Value Advantage Class I		43,715	(64,141	)	(20,426	)		59,551	(43,349	)	16,202
Emerging Markets Class I		119,203	(81,025	)	38,178			106,181	(90,983	)	15,198
International Growth Class I		22,004	(309	)	21,695			7,592	(60	)	7,532
International Large-Cap Class I		28,846	(88,065	)	(59,219	)		30,642	(51,410	)	(20,768	)
International Small-Cap Class I		8,632	(22,131	)	(13,499	)		10,325	(11,333	)	(1,008	)
International Value Class I		77,753	(85,827	)	(8,074	)		88,252	(154,468	)	(66,216	)
Health Sciences Class I		68,167	(143,868	)	(75,701	)		96,557	(130,367	)	(33,810	)
Real Estate Class I		60,018	(61,743	)	(1,725	)		41,085	(54,026	)	(12,941	)
Technology Class I		156,572	(141,681	)	14,891			143,798	(120,760	)	23,038
ESG Diversified Class I		55,322	(85,398	)	(30,076	)		88,842	(2,806	)	86,036
ESG Diversified Growth Class I		3	(9	)	(6	)		14,448	(2	)	14,446
PSF Avantis Balanced Allocation Class D		134,123	(82,060	)	52,063			255,430	(125,502	)	129,928
PSF Avantis Balanced Allocation Class P		-	(292	)	(292	)		13,439	(10	)	13,429
Pacific Dynamix - Conservative Growth Class I		231,530	(378,937	)	(147,407	)		280,753	(431,471	)	(150,718	)
Pacific Dynamix - Moderate Growth Class I		1,089,688	(1,112,153	)	(22,465	)		1,214,995	(1,250,924	)	(35,929	)

SA-74

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)
Pacific Dynamix - Growth Class I		2,074,153	(740,124	)	1,334,029			2,833,827	(290,939	)	2,542,888
Pacific Dynamix - Growth Class P		-	(45	)	(45	)		3,012	(23	)	2,989
Portfolio Optimization Conservative Class I		355,300	(1,568,892	)	(1,213,592	)		1,016,226	(1,133,826	)	(117,600	)
Portfolio Optimization Moderate-Conservative Class I		247,935	(1,133,319	)	(885,384	)		346,152	(1,020,891	)	(674,739	)
Portfolio Optimization Moderate Class I		533,441	(3,034,783	)	(2,501,342	)		485,898	(2,828,269	)	(2,342,371	)
Portfolio Optimization Growth Class I		223,296	(2,247,681	)	(2,024,385	)		421,636	(1,809,838	)	(1,388,202	)
Portfolio Optimization Aggressive-Growth Class I		40,372	(350,823	)	(310,451	)		104,833	(355,453	)	(250,620	)
Invesco Oppenheimer V.I. International Growth Series II		32,971	(36,282	)	(3,311	)		9,154	(25,168	)	(16,014	)
Invesco V.I. Balanced-Risk Allocation Series II		305,349	(390,772	)	(85,423	)		321,142	(193,280	)	127,862
Invesco V.I. Equity and Income Series II		11,596	(7,814	)	3,782			51,559	(47,889	)	3,670
Invesco V.I. Global Real Estate Series II		26,856	(11,347	)	15,509			16,868	(90,768	)	(73,900	)
Invesco V.I. Global Series II		42,096	(41,031	)	1,065			17,907	(18,247	)	(340	)
Invesco V.I. Technology Series I		-	(28	)	(28	)		1,933	(15	)	1,918
American Century Inflation Protection Class I		5,513	(27	)	5,486
American Century VP Mid Cap Value Class II		38,890	(55,239	)	(16,349	)		77,185	(55,435	)	21,750
American Funds IS American High-Income Trust Class 4		113,116	(31,758	)	81,358			47,233	(124,130	)	(76,897	)
American Funds IS Asset Allocation Class 1		-	(281	)	(281	)		12,913	(9	)	12,904
American Funds IS Asset Allocation Class 4		1,145,772	(1,999,418	)	(853,646	)		1,381,587	(2,128,395	)	(746,808	)
American Funds IS Capital Income Builder Class 1		1,296	(1,296	)	-
American Funds IS Capital Income Builder Class 4		20,457	(50,997	)	(30,540	)		155,634	(69,446	)	86,188
American Funds IS Capital World Bond Class 4		7,856	(16,576	)	(8,720	)		12,020	(24,716	)	(12,696	)
American Funds IS Capital World Growth and Income Class 4		40,820	(43,230	)	(2,410	)		38,485	(22,327	)	16,158
American Funds IS Global Balanced Class 4		22,957	(21,802	)	1,155			40,792	(22,821	)	17,971
American Funds IS Global Growth Class 4		72,824	(33,271	)	39,553			38,464	(35,495	)	2,969
American Funds IS Global Small Capitalization Class 4		12,907	(45,260	)	(32,353	)		21,989	(36,537	)	(14,548	)
American Funds IS Growth Class 1		9,749	(1,171	)	8,578			7,907	-		7,907
American Funds IS Growth Class 4		342,241	(247,027	)	95,214			317,518	(226,779	)	90,739
American Funds IS Growth-Income Class 1		4,795	(176	)	4,619			1,900	(5	)	1,895
American Funds IS Growth-Income Class 4		86,728	(170,092	)	(83,364	)		156,078	(127,664	)	28,414
American Funds IS International Class 4		20,975	(36,315	)	(15,340	)		35,567	(24,330	)	11,237
American Funds IS International Growth and Income Class 1		1,816	(11	)	1,805
American Funds IS International Growth and Income Class 4		13,615	(46,815	)	(33,200	)		9,681	(10,553	)	(872	)
American Funds IS Managed Risk Asset Allocation Class P1		1,353	(1,353	)	-
American Funds IS Managed Risk Asset Allocation Class P2		144,058	(119,102	)	24,956			98,288	(166,975	)	(68,687	)
American Funds IS New World Fund Class 1		16,585	(66	)	16,519
American Funds IS New World Fund Class 4		20,247	(38,937	)	(18,690	)		47,301	(48,071	)	(770	)
American Funds IS The Bond Fund of America Class 1		3,337	(157	)	3,180			9,142	(4	)	9,138
American Funds IS The Bond Fund of America Class 4		207,439	(126,006	)	81,433			178,094	(83,210	)	94,884
American Funds IS U.S. Government Securities Class 1		4,729	(1,349	)	3,380
American Funds IS U.S. Government Securities Class 4		83,391	(119,722	)	(36,331	)		77,672	(159,230	)	(81,558	)
American Funds IS Washington Mutual Investors Class 4		68,017	(147,017	)	(79,000	)		232,837	(132,437	)	100,400
BlackRock 60/40 Target Allocation ETF V.I. Class I		291,398	(107,526	)	183,872			418,422	(44,345	)	374,077
BlackRock Capital Appreciation V.I. Class III		586	(2,254	)	(1,668	)		5,940	(1,058	)	4,882
BlackRock Global Allocation V.I. Class III		339,876	(911,892	)	(572,016	)		420,507	(985,186	)	(564,679	)
BlackRock S&P 500 Index V.I. Class I		-	(210	)	(210	)		5,703	(29	)	5,674
BlackRock Small Cap Index V.I. Class I		20,648	(104	)	20,544			3,661	(18	)	3,643
Delaware Ivy VIP Asset Strategy Class II		185,935	(31,698	)	154,237			64,925	(14,111	)	50,814
Delaware Ivy VIP Energy Class II		329,570	(310,416	)	19,154			396,260	(283,340	)	112,920
DFA VA Global Bond Institutional Class		3,961	(10	)	3,951
DFA VA International Value Institutional Class		2,829	(8	)	2,821
DFA VA Short-Term Fixed Institutional Class		12,069	(805	)	11,264
DFA VA US Large Value Institutional Class		19,626	(312	)	19,314			5,743	-		5,743
Fidelity VIP Consumer Discretionary Initial Class		5,530	(24	)	5,506
Fidelity VIP Contrafund Initial Class		5,565	(1,285	)	4,280
Fidelity VIP Contrafund Service Class 2		234,260	(288,040	)	(53,780	)		230,350	(151,441	)	78,909
Fidelity VIP FundsManager 60% Investor Class		660,986	(1,494	)	659,492

SA-75

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)
Fidelity VIP FundsManager 60% Service Class 2		368,654		(345,590	)		23,064			542,625		(259,881	)		282,744
Fidelity VIP Government Money Market Initial Class		304,443		(223,816	)		80,627
Fidelity VIP Government Money Market Service Class		2,648,374		(2,044,924	)		603,450			3,144,120		(2,335,036	)		809,084
Fidelity VIP Index 500 Initial Class		4,029		(24	)		4,005
Fidelity VIP Investment Grade Bond Initial Class		26,753		(136	)		26,617
Fidelity VIP Strategic Income Service Class 2		102,735		(55,520	)		47,215			94,234		(185,011	)		(90,777	)
First Trust Dorsey Wright Tactical Core Class I		49,236		(44,849	)		4,387			9,306		(45,294	)		(35,988	)
First Trust Multi Income Allocation Class I		4,160		(44,176	)		(40,016	)		60,261		(13,687	)		46,574
First Trust/Dow Jones Dividend & Income Allocation Class I		393,136		(519,053	)		(125,917	)		417,762		(347,929	)		69,833
Franklin Allocation VIP Class 2		188		(158	)		30			1,161		(531	)		630
Franklin Allocation VIP Class 4		189,027		(150,475	)		38,552			97,862		(89,054	)		8,808
Franklin Income VIP Class 2		75,841		(112,213	)		(36,372	)		201,448		(135,969	)		65,479
Franklin Mutual Global Discovery VIP Class 2		6,915		(62,917	)		(56,002	)		62,316		(86,150	)		(23,834	)
Franklin Rising Dividends VIP Class 1		42		(20	)		22			1,305		(35	)		1,270
Franklin Rising Dividends VIP Class 2		78,803		(130,969	)		(52,166	)		67,291		(75,958	)		(8,667	)
Templeton Global Bond VIP Class 2		46,948		(130,907	)		(83,959	)		35,918		(157,684	)		(121,766	)
Janus Henderson Balanced Service Shares		4,943,401		(3,151,429	)		1,791,972			5,287,238		(2,334,046	)		2,953,192
Janus Henderson Flexible Bond Service Shares		59,120		(42,317	)		16,803			22,792		(62,235	)		(39,443	)
ClearBridge Variable Aggressive Growth - Class II		5,494		(14,429	)		(8,935	)		15,372		(35,756	)		(20,384	)
Lord Abbett Bond Debenture Class VC		89,234		(59,331	)		29,903			58,624		(147,955	)		(89,331	)
Lord Abbett Total Return Class VC		49,139		(104,249	)		(55,110	)		60,154		(107,298	)		(47,144	)
MFS Massachusetts Investors Growth Stock - Service Class		5,717		(7,669	)		(1,952	)		2,177		(3,732	)		(1,555	)
MFS Total Return Series - Service Class		359,975		(344,785	)		15,190			482,559		(268,745	)		213,814
MFS Utilities Series - Initial Class		2,141		(13	)		2,128
MFS Utilities Series - Service Class		30,496		(35,662	)		(5,166	)		76,988		(64,004	)		12,984
MFS Value Series - Service Class		1,637		(3,848	)		(2,211	)		719		(4,847	)		(4,128	)
Neuberger Berman U.S. Equity Index PutWrite Strategy Class S		7,645		(973	)		6,672			4,525		(1,396	)		3,129
PIMCO All Asset - Advisor Class		256		(6,719	)		(6,463	)		2,484		(544	)		1,940
PIMCO CommodityRealReturn Strategy - Advisor Class		77,029		(37,931	)		39,098			229,080		(154,694	)		74,386
PIMCO Emerging Markets Bond - Institutional Class		1,079		(9	)		1,070
PIMCO Income - Advisor Class		87,656		(31,277	)		56,379			118,701		(61,816	)		56,885
PIMCO Low Duration - Institutional Class		2,804		(2,804	)		-
PIMCO Total Return - Institutional Class		5,197		(139	)		5,058			7,740		-			7,740
Schwab S&P 500 Index		12,292		(55	)		12,237
Schwab VIT Balanced		28,686		(38,622	)		(9,936	)		121,758		(136,880	)		(15,122	)
Schwab VIT Balanced with Growth		2		(35,166	)		(35,164	)		39,259		(41,109	)		(1,850	)
Schwab VIT Growth		19,774		(31,186	)		(11,412	)		48,918		(61,571	)		(12,653	)
State Street Total Return V.I.S. Class 3		143,062		(128,045	)		15,017			78,896		(106,891	)		(27,995	)
T. Rowe Price Blue Chip Growth - I		36,490		(205	)		36,285
T. Rowe Price Health Sciences - I		3,363		(33	)		3,330			1,541		(12	)		1,529
VanEck VIP Global Resources Class S		29,011		(116,886	)		(87,875	)		88,637		(77,599	)		11,038
Vanguard VIF Balanced		22,257		(3,307	)		18,950			223,764		(78,173	)		145,591
Vanguard VIF Capital Growth		13,196		(63	)		13,133
Vanguard VIF Conservative Allocation		14,816		(86,161	)		(71,345	)		100,043		(204	)		99,839
Vanguard VIF Diversified Value		47,161		(187	)		46,974
Vanguard VIF Equity Income		19,584		(106	)		19,478
Vanguard VIF Equity Index		6,203		(30	)		6,173
Vanguard VIF High Yield Bond		3,597		(14	)		3,583
Vanguard VIF International		9,860		(29	)		9,831
Vanguard VIF Mid-Cap Index		21,228		(96	)		21,132
Vanguard VIF Moderate Allocation		83,674		(751	)		82,923
Vanguard VIF Real Estate Index		9,424		(59	)		9,365			1,252		(9	)		1,243
Vanguard VIF Short-Term Investment-Grade		9,930		(45	)		9,885
Vanguard VIF Total Bond Market Index		32,466		(2,615	)		29,851
Vanguard VIF Total International Stock Market Index		53,905		(342	)		53,563			3,695		(18	)		3,677
Vanguard VIF Total Stock Market Index		39,840		(1,418	)		38,422

SA-76

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (CONTINUED)

APPENDIX A (CONTINUED)

To the Board of Directors of

Pacific Life & Annuity 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 & Annuity 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 & Annuity 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 & Annuity Company since 2002.

SA-77

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (CONTINUED)

APPENDIX A (CONTINUED)

SA-78

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (CONTINUED)

APPENDIX A (CONTINUED)

SA-79

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (CONTINUED)

APPENDIX A (CONTINUED)

SA-80

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (CONTINUED)

APPENDIX A (CONTINUED)

SA-81

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (CONTINUED)

APPENDIX A (CONTINUED)

SA-82

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
MFS® Value Series - Service Class	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
Neuberger Berman U.S. Equity Index PutWrite Strategy 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
PIMCO All Asset - Advisor Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the years ended December 31, 2023, 2022, 2021, and the period from June 1, 2020 (commencement of operations) through December 31, 2020
PIMCO CommodityRealReturn® Strategy - Advisor Class	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
PIMCO Emerging Markets Bond - Institutional Class	For the period June 20, 2023 (commencement of operations) through December 31, 2023
PIMCO Income - Advisor Class	For the year ended December 31, 2023	For each of the two years in the period ended December 31, 2023	For the years ended December 31, 2023, 2022, 2021, and the period from June 1, 2020 (commencement of operations) through December 31, 2020
PIMCO Low Duration Institutional Class	For the period April 25, 2023 (commencement of operations) through December 1, 2023
PIMCO Total Return - Institutional Class	For the year ended December 31, 2023	For the year ended December 31, 2023 and the period from December 6, 2022 (commencement of operations) through December 31, 2022
Schwab S&P 500 Index	For the period May 23, 2023 (commencement of operations) through December 31, 2023
Schwab VIT Balanced	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
Schwab VIT Balanced with Growth	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
Schwab VIT Growth	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
State Street Total Return V.I.S. Class 3	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
T. Rowe Price Blue Chip Growth - I	For the period April 13, 2023 (commencement of operations) through December 31, 2023
T. Rowe Price Health Sciences - I	For the year ended December 31, 2023	For the year ended December 31, 2023 and the period from July 1, 2022 (commencement of operations) through December 31, 2022
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 the year ended December 31, 2023 and the period from May 31, 2022 (commencement of operations) through December 31, 2022
Vanguard® VIF Capital Growth	For the period August 22, 2023 (commencement of operations) through December 31, 2023
Vanguard® VIF Conservative Allocation	For the year ended December 31, 2023	For the year ended December 31, 2023 and the period from October 13, 2022 (commencement of operations) through December 31, 2022
Vanguard® VIF Diversified Value	For the period May 2, 2023 (commencement of operations) through December 31, 2023
Vanguard® VIF Equity Income	For the period June 16, 2023 (commencement of operations) through December 31, 2023
Vanguard® VIF Equity Index	For the period August 30, 2023 (commencement of operations) through December 31, 2023
Vanguard® VIF High Yield Bond	For the period May 23, 2023 (commencement of operations) through December 31, 2023
Vanguard® VIF International	For the period August 30, 2023 (commencement of operations) through December 31, 2023
Vanguard® VIF Mid-Cap Index	For the period May 23, 2023 (commencement of operations) through December 31, 2023

SA-83

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 Moderate Allocation	For the period February 13, 2023 (commencement of operations) through December 31, 2023
Vanguard® VIF Real Estate Index	For the year ended December 31, 2023	For the year ended December 31, 2023 and the period from July 1, 2022 (commencement of operations) through December 31, 2022
Vanguard® VIF Short-Term Investment-Grade	For the period May 23, 2023 (commencement of operations) through December 31, 2023
Vanguard® VIF Total Bond Market Index	For the period May 15, 2023 (commencement of operations) through December 31, 2023
Vanguard® VIF Total International Stock Market Index	For the year ended December 31, 2023	For the year ended December 31, 2023 and the period from October 24, 2022 (commencement of operations) through December 31, 2022
Vanguard® VIF Total Stock Market Index	For the period April 25, 2023 (commencement of operations) through December 31, 2023

SA-84

PACIFIC LIFE & ANNUITY 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 & Annuity Company:

Opinions

We have audited the statutory-basis financial statements of Pacific Life & Annuity 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 Arizona Department of Insurance and Financial Institutions 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 Arizona Department of Insurance and Financial Institutions, which is a basis of accounting other than accounting principles generally accepted in the United States of America, to meet the requirements of the Arizona Department of Insurance and Financial Institutions. 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 Arizona Department of Insurance and Financial Institutions. 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 29, 2024

2

Pacific Life & Annuity 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 Thousands, except share data)	2023			2022
ADMITTED ASSETS
Bonds	$	6,397,667		$	5,033,766
Common stocks		4,947			5,592
Mortgage loans		497,329			403,315
Cash and cash equivalents		230,983			333,373
Contract loans		19,060			9,483
Derivatives		9,434			11,844
Other invested assets		59,320			92,200
Investment income due and accrued		75,603			59,059
Net deferred tax asset		23,114			16,948
Other assets		8,284			12,408
Separate account assets		3,167,948			2,909,502
TOTAL ADMITTED ASSETS	$	10,493,689		$	8,887,490
LIABILITIES AND CAPITAL AND SURPLUS
Liabilities:
Aggregate reserves	$	5,711,798		$	4,519,506
Liability for deposit-type contracts		1,036,013			936,383
Transfers to separate accounts due or accrued, net		(64,829	)		(64,143	)
Other liabilities		96,404			110,103
Asset valuation reserve		1,772			2,193
Separate account liabilities		3,167,948			2,909,502
TOTAL LIABILITIES		9,949,106			8,413,544
Capital and Surplus:
Common stock - $1 par value; 5 million shares authorized; 2.9 million shares issued and outstanding		2,900			2,900
Paid-in surplus		183,909			134,607
Unassigned surplus		357,774			336,439
TOTAL CAPITAL AND SURPLUS		544,583			473,946
TOTAL LIABILITIES AND CAPITAL AND SURPLUS	$	10,493,689		$	8,887,490

See Notes to Financial Statements - Statutory Basis

3

Pacific Life & Annuity 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 Thousands)	2023			2022			2021
REVENUES
Premiums and annuity considerations	$	1,786,923		$	1,198,734		$	583,009
Net investment income		315,410			239,548			224,787
Separate account fees		62,323			62,723			65,872
Other income		11,391			10,091			5,979
TOTAL REVENUES		2,176,047			1,511,096			879,647
BENEFITS AND EXPENSES
Current and future policy benefits		2,024,273			1,470,649			755,840
Commission expense		58,954			45,600			36,397
Operating expenses		31,745			25,517			21,505
TOTAL BENEFITS AND EXPENSES		2,114,972			1,541,766			813,742
NET GAIN (LOSS) BEFORE FEDERAL INCOME TAXES		61,075			(30,670	)		65,905
Federal income tax expense		16,451			2,428			6,223
NET GAIN (LOSS) FROM OPERATIONS		44,624			(33,098	)		59,682
Net realized capital gains (losses) less tax		(49,836	)		15,011			(27,552	)
NET INCOME (LOSS)	$	(5,212	)	$	(18,087	)	$	32,130

See Notes to Financial Statements - Statutory Basis

4

Pacific Life & Annuity 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 Thousands)	Common Stock		Paid-in Surplus		Unassigned Surplus			Total
BALANCES, JANUARY 1, 2021	$	2,900	$	134,607	$	417,263		$	554,770
Net income						32,130			32,130
Change in net unrealized capital losses less tax						(11,356	)		(11,356	)
Change in net deferred income tax						3,523			3,523
Change in nonadmitted assets						(2,209	)		(2,209	)
Change in asset valuation reserve						1,870			1,870
Dividend paid to parent						(41,700	)		(41,700	)
Other surplus transactions, net						(151	)		(151	)
BALANCES, DECEMBER 31, 2021		2,900		134,607		399,370			536,877
Net loss						(18,087	)		(18,087	)
Change in net unrealized capital losses less tax						(46,536	)		(46,536	)
Change in net deferred income tax						17,721			17,721
Change in nonadmitted assets						(16,479	)		(16,479	)
Change in asset valuation reserve						615			615
Other surplus transactions, net						(165	)		(165	)
BALANCES, DECEMBER 31, 2022		2,900		134,607		336,439			473,946
Net loss						(5,212	)		(5,212	)
Change in net unrealized capital gains less tax						21,009			21,009
Change in net deferred income tax						12,539			12,539
Change in nonadmitted assets						(7,748	)		(7,748	)
Capital contribution from parent				49,302					49,302
Change in asset valuation reserve						421			421
Other surplus transactions, net						326			326
BALANCES, DECEMBER 31, 2023	$	2,900	$	183,909	$	357,774		$	544,583

See Notes to Financial Statements - Statutory Basis

5

Pacific Life & Annuity 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 Thousands)	2023			2022			2021
CASH FLOWS FROM OPERATING ACTIVITIES
Premiums collected, net of reinsurance	$	1,787,108		$	1,198,670		$	583,076
Net investment income		294,455			232,325			224,183
Other income		73,587			72,833			71,832
Benefits and loss related payments		(890,591	)		(607,114	)		(648,079	)
Net transfers (to) from separate accounts		103,904			(39,936	)		49,459
Commissions, expenses paid and other deductions		(90,600	)		(70,121	)		(58,044	)
Federal income taxes paid, net		(3,612	)		(7,515	)		(8,696	)
NET CASH PROVIDED BY OPERATING ACTIVITIES		1,274,251			779,142			213,731
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments sold, matured or repaid
Bonds		252,310			150,739			297,035
Stocks		481						4,087
Mortgage loans		27,562			23,218			37,958
Other invested assets								958
Miscellaneous proceeds		44,826			30,220			4,883
Cost of investments acquired
Bonds		(1,563,594	)		(651,229	)		(490,787	)
Stocks		(238	)		(1,944	)		(1,276	)
Mortgage loans		(121,937	)		(48,629	)		(29,963	)
Miscellaneous applications		(63,994	)		(67,351	)		(39,561	)
Net decrease (increase) in contract loans		(9,576	)		263			(1,597	)
NET CASH USED IN INVESTING ACTIVITIES		(1,434,160	)		(564,713	)		(218,263	)
CASH FLOWS FROM FINANCING AND MISCELLANEOUS ACTIVITIES
Net deposits (withdrawals) on deposit-type contracts		56,507			33,002			(35,135	)
Dividend paid to parent								(21,694	)
Other cash provided		1,012			11,877			858
NET CASH PROVIDED BY (USED IN) FINANCING AND MISCELLANEOUS ACTIVITIES		57,519			44,879			(55,971	)
Net change in cash and cash equivalents		(102,390	)		259,308			(60,503	)
Cash and cash equivalents, beginning of year		333,373			74,065			134,568
CASH AND CASH EQUIVALENTS, END OF YEAR	$	230,983		$	333,373		$	74,065
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION FOR NON-CASH TRANSACTIONS
Bonds disposed and acquired	$	43,982		$	61,082		$	36,708
Bond dividend paid to parent							$	20,006
Bond interest-in-kind received	$	308		$	13		$	46
Additional paid in capital		49,302

See Notes to Financial Statements - Statutory Basis

6

Pacific Life & Annuity 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 & Annuity Company (the Company) is a stock life insurance company domiciled in the State of Arizona and a wholly owned subsidiary of Pacific Life Insurance Company (Pacific Life). The Company markets and distributes life insurance and annuities. The Company is licensed to sell in all 50 states, including the state of New York. Pacific Life is a wholly-owned subsidiary of Pacific LifeCorp, a stock holding company incorporated in the State of Delaware. Pacific LifeCorp is a wholly owned subsidiary of Pacific Mutual Holding Company (PMHC), a mutual holding company incorporated in the State of Nebraska.

The top geographic locations in the United States for statutory premiums and annuity considerations, and deposits were New York and Missouri representing 86% and 11%, 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 Arizona Department of Insurance and Financial Institutions (AZ DIFI). 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 AZ DIFI. Prescribed statutory accounting practices include state laws and regulations. Additionally, the Director of the AZ DIFI has the right to permit other specific practices, which deviate from prescribed practices, of which there were none.

NAIC SAP differs in certain respects, which in some cases are material, from basis of accounting other than accounting principles generally accepted in the United States of America (U.S. GAAP) (see Note 2).

The transactions with related parties may not necessarily be indicative of the conditions that would have existed or the results of operations if the Company had been operated as a stand-alone entity.

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.

7

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 activity for miscellaneous proceeds and miscellaneous applications on the statement of cash flows 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 or net income (loss).

	Annual Report			Change			Audited Financial Statements
					(In Thousands)
Statement of Cash Flows - Statutory Basis
For the year ended December 31, 2022:
Cash flows from investing activities:
Miscellaneous proceeds	$	63,352		$	(33,132	)	$	30,220
Miscellaneous applications		(100,483	)		33,132			(67,351	)
Net cash used in investing activities		(564,713	)		—			(564,713	)

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. 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. As of December 31, 2023, all outstanding balances were immaterial and written off.

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.

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. The Company did not have negative IMR as of December 31, 2023.

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.

8

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.

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.

9

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, partnerships and limited liability companies. These investments include affiliated companies as well as those in which the Company has minor ownership interests. An impairment occurs if it is probable that the Company will be unable to recover the carrying amount of the investment. The investment is written down to fair value as the new cost basis, and OTTI is recorded in net realized capital gains (losses) less tax.

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

Derivative instruments used in hedging transactions that meet the criteria of a highly effective hedge are considered effective hedges and are reported in the financial statements - statutory basis in a manner consistent with the hedged asset or liability (amortized cost or fair value). Changes in the carrying value of derivatives that qualify for hedge accounting are recorded consistently with how the changes in the carrying value of the hedged asset or liability are recorded.

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 and any change in fair value attributable to changes in foreign exchange rates are reflected as adjustments to unassigned surplus as a change in net unrealized foreign exchange capital gain (loss) consistent with the hedged items. 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.

Periodic net settlements on derivatives designated as hedges are recorded on an accrual basis consistent with the hedged items. Periodic net settlements on derivatives not designated as hedging are recorded on an accrual basis in net investment income.

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 IMR of $4.5 million and $5.1 million is included in other liabilities as of December 31, 2023 and 2022, respectively.

10

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 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.

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 $75.6 million as of December 31, 2023. The cumulative amount of paid-in-kind interest included in the principal balance of the related loans as of December 31, 2023 was $3.7 million.

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.

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 2.00% to 4.50%. 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 1.00% to 6.65%. Group annuity reserves are valued using the CRVM with statutory interest and mortality assumptions computed on the basis of interest rates ranging from 1.00% to 5.00%.

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 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 1.00% to 6.50%.

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.

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.

11

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, included in other income, 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, individual life and annuity premiums assumed were an immaterial amount, and premiums ceded were $4.2 million, $4.0 million and $3.7 million, respectively. As of December 31, 2023 and 2022, reserve credits recorded on ceded reinsurance were $6.3 million and $7.1 million, respectively.

The estimated amount of the aggregate reduction in surplus of termination of all reinsurance agreements, by either party, was $1.2 million and $1.6 million as of December 31, 2023 and 2022, respectively.

REVENUES, BENEFITS AND EXPENSES

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

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

FEDERAL INCOME TAXES

The Company is taxed as a life insurance company for income tax purposes and its operations are included in the consolidated Federal income tax return of PMHC, the Company's ultimate parent. In addition to the Company, included in PMHC's consolidated return are the following entities: Pacific LifeCorp, Pacific Life, Pacific Alliance Reinsurance Company of Vermont, Pacific Baleine Reinsurance Company, Pacific Life Fund Advisors LLC (PLFA), and Pacific Life Re Global Limited.

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. 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.

Separate account assets are primarily invested in mutual funds, but are also invested in hedge funds.

12

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 AZ DIFI, which is a comprehensive basis of accounting other than U.S. GAAP. NAIC SAP primarily differs 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, as well as reporting investments and certain assets and accounting for deferred income taxes on a different basis.

3.

INVESTMENTS

BONDS AND CASH EQUIVALENTS

The book/adjusted carrying value, fair value and net unrealized gains (losses) of bonds and cash equivalents are shown below. Cash equivalents as of December 31, 2023 and 2022 were $198.8 million and $311.1 million, respectively. See Note 4 for information on the Company's fair value measurements.

	Book/Adjusted Carrying Value		Fair Value		Net Unrealized Gains (Losses)
				(In Thousands)
December 31, 2023:
U.S. Government	$	9,288	$	9,285	$	(3	)
All other governments		36,424		35,707		(717	)
U.S. states, territories, and possessions		8,903		8,325		(578	)
U.S. political subdivisions of states, territories, and possessions		56,141		58,028		1,887
U.S. special revenue and special assessment obligations		362,059		377,184		15,125
Industrial and miscellaneous		4,886,884		4,683,097		(203,787	)
Bank loans		131,169		131,034		(135	)
LBASS:
Residential mortgage-backed securities (RMBS)		111,977		107,916		(4,061	)
Commercial mortgage-backed securities (CMBS)		167,767		159,346		(8,421	)
Other		825,855		830,009		4,154
Total	$	6,596,467	$	6,399,931	$	(196,536	)

13

	Book/Adjusted Carrying Value		Fair Value		Net Unrealized Gains (Losses)
			(In Thousands)
December 31, 2022:
U.S. Government	$	9,271	$	8,949	$	(322	)
All other governments		31,465		28,875		(2,590	)
U.S. states, territories, and possessions		8,870		7,632		(1,238	)
U.S. political subdivisions of states, territories, and possessions		63,679		64,856		1,177
U.S. special revenue and special assessment obligations		338,906		341,704		2,798
Industrial and miscellaneous		4,470,809		4,115,699		(355,110	)
LBASS:
RMBS		52,092		46,700		(5,392	)
CMBS		129,352		120,132		(9,220	)
Other		240,393		235,775		(4,618	)
Total	$	5,344,837	$	4,970,322	$	(374,515	)

The book/adjusted carrying value and fair value of bonds 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 Thousands)
Due in one year or less	$	335,219	$	333,981
Due after one year through five years		1,616,209		1,606,441
Due after five years through ten years		959,981		898,040
Due after ten years		2,579,459		2,464,198
		5,490,868		5,302,660
LBASS		1,105,599		1,097,271
Total	$	6,596,467	$	6,399,931

14

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
December 31, 2023:	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(In Thousands)
U.S. Government					$	6,112	$	37	$	6,112	$	37
All other governments						22,414		2,126		22,414		2,126
U.S. states, territories, and possessions						8,325		578		8,325		578
U.S. political subdivisions of states, territories, and possessions						22,132		328		22,132		328
U.S. special revenue and special assessment obligations						57,088		12,528		57,088		12,528
Industrial and miscellaneous	$	110,377	$	1,729		2,634,582		313,611		2,744,959		315,340
Bank loans		47,870		136						47,870		136
LBASS:
RMBS		130				32,566		5,862		32,696		5,862
CMBS		64,150		300		33,875		8,464		98,025		8,764
Other		101,869		489		92,972		4,935		194,841		5,424
Total	$	324,396	$	2,654	$	2,910,066	$	348,469	$	3,234,462	$	351,123

December 31, 2022:
U.S. Government	$	3,125	$	29	$	5,796	$	293	$	8,921	$	322
All other governments		11,250		719		10,146		2,442		21,396		3,161
U.S. special revenue and special assessment obligations		106,311		14,999		15,015		5,424		121,326		20,423
Industrial and miscellaneous		2,603,900		310,685		281,808		103,567		2,885,708		414,252
LBASS:
RMBS		15,996		1,752		19,524		5,022		35,520		6,774
CMBS		60,393		2,070		14,753		7,246		75,146		9,316
Other		109,139		4,368		5,640		1,794		114,779		6,162
Total	$	2,910,114	$	334,622	$	352,682	$	125,788	$	3,262,796	$	460,410

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.

15

The table below summarizes the OTTI by security type:

	Years Ended December 31,
	2023		2022		2021
	(In Thousands)
Bonds:
Industrial and miscellaneous					$	5,094
Issuer obligation	$	1,279
LBASS			$	2,065
Mortgage loans		923
Total OTTI	$	2,202	$	2,065	$	5,094

No other than temporary impairments (OTTIs) were recognized on LBASS due to intent to sell or inability or lack of intent to retain the investment in the security for a period of time sufficient to recover the amortized cost basis.

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 Company does not have any 5GI securities.

Proceeds, gross gains and gross losses recognized on sales of bonds were $5.8 million, zero and $0.2 million, respectively, for the year ended December 31, 2023. Proceeds, gross gains and gross losses recognized on sales of bonds were $3.8 million, zero and $0.1 million, respectively, for the year ended December 31, 2022. Proceeds, gross gains and gross losses recognized on sales of bonds were $46.1 million, $1.8 million and zero for the year ended December 31, 2021.

Bonds with a book/adjusted carrying value of $6.3 million and $6.2 million as of December 31, 2023 and 2022, respectively, were held as restricted assets on deposit with government agencies as required by law in various jurisdictions in which the Company conducts business.

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:
Construction and land development		8.84	%		7.81	%
Commercial		8.22	%		6.11	%

Year Ended December 31, 2022:
Commercial		6.65	%		5.70	%

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 69% as of December 31, 2023 and 2022.

16

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:

	Commercial		Mezzanine		Total
December 31, 2023:	(In Thousands)
Current	$	470,585	$	26,744	$	497,329

Participant or co-lender in a mortgage loan agreement:
Recorded investment ⁽¹⁾	$	51,274	$	26,744	$	78,018

	Commercial		Mezzanine		Total
December 31, 2022:		(In Thousands)
Current	$	376,603	$	26,712	$	403,315

Participant or co-lender in a mortgage loan agreement:
Recorded investment ⁽¹⁾			$	26,711	$	26,711

⁽¹⁾ Excluded from the commercial amounts are mortgage loan participations where the sole participants are the Company and its parent company, Pacific Life. The total amounts were $419.3 million and $376.6 million as of December 31, 2023 and 2022, respectively.

The Company's investment in impaired commercial mortgage loans was $14.1 million as of December 31, 2023. Information on the Company's impaired commercial mortgage loans is as follows:

	Years Ended December 31,
	2023		2022	2021
	(In Thousands)
Average recorded investment	$	7,038
Interest income recognized		761

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 Thousands):

	December 31,			December 31,
	2023			2022
California	$	135,961	California	$	136,492
Illinois		78,367	Illinois		59,578
New York		51,543	Washington		32,677
Massachusetts		47,664	Massachusetts		32,628
Texas		46,520	Georgia		32,423
Washington		32,677	Texas		27,296
Florida		31,372	New York		26,711
Georgia		31,049	Florida		19,878
Nevada		17,347	District of Columbia		15,000
District of Columbia		14,077	North Carolina		9,570
Other		10,752	Other		11,062
Total	$	497,329	Total	$	403,315

17

As of December 31, 2023 and 2022, the largest carrying value of one single commercial loan and the largest carrying value of commercial loans with a single sponsor was $40.0 million and 8% and 10% of the mortgage loan carrying value, respectively. This loan was located in Illinois and was secured by retail buildings.

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.

As of December 31, 2023 and 2022, the Company had no loans classified as Level 2.

18

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

	December 31, 2023
					Level 1				Level 3
					Minimal Credit				Significant
	No Credit Concern				Concern				Credit Concern				Total
			Weighted				Weighted				Weighted				Weighted
	Carrying		Average		Carrying		Average		Carrying		Average		Carrying		Average
Type	Amount		DCR		Amount		DCR		Amount		DCR		Amount		DCR
Office	$	222,161		1.66					$	14,077		1.28	$	236,238		1.64
Retail		65,443		1.77						39,631		0.65		105,074		1.35
Apartment		69,673		1.54										69,673		1.54
Lodging		35,679		6.27										35,679		6.27
Industrial		48,821		1.60										48,821		1.60
Golf course					$	1,844		0.73						1,844		0.73
Total	$	441,777		2.02	$	1,844		0.73	$	53,708		0.82	$	497,329		1.89

	December 31, 2022
					Level 1				Level 3
					Minimal Credit				Significant
	No Credit Concern				Concern				Credit Concern				Total
			Weighted				Weighted				Weighted				Weighted
	Carrying		Average		Carrying		Average		Carrying		Average		Carrying		Average
Type	Amount		DCR		Amount		DCR		Amount		DCR		Amount		DCR
Office	$	207,578		1.61									$	207,578		1.61
Retail		32,677		2.55					$	39,594		0.58		72,271		1.47
Apartment		64,374		1.49										64,374		1.49
Lodging		36,798		6.32										36,798		6.32
Industrial		20,000		2.24										20,000		2.24
Golf course					$	2,294		0.80						2,294		0.80
Total	$	361,427		2.19	$	2,294		0.80	$	39,594		0.58	$	403,315		2.02

DEBT RESTRUCTURING

As of December 31, 2023 and 2022, the Company had investments in restructured loans and bonds of $14.1 million and zero, respectively. The realized capital losses related to these loans and bonds were zero for the years ended December 31, 2023, 2022 and 2021.

During the year ended December 31, 2023, the Company modified one mortgage loan with a carrying value of $14.1 million. The Company granted two term extensions on the loan 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 modification qualified as a TDR and an impairment loss of $0.9 million was recorded. There were no troubled debt restructurings during the years ended December 31, 2022 and 2021.

19

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.

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.

December 31, 2023:	Level 1		Level 2		Level 3		NAV		Total
	(In Thousands)
Assets:
Bonds:
Issuer obligations					$	42			$	42
Common stocks:
Industrial and miscellaneous						4,947				4,947
Derivatives:
Foreign currency and interest rate swaps			$	444						444
Equity derivatives	$	6,734				2,256				8,990
Total derivatives		6,734		444		2,256		—		9,434
Separate account assets ⁽¹⁾		3,151,679					$	16,269		3,167,948
Total	$	3,158,413	$	444	$	7,245	$	16,269	$	3,182,371
Liabilities:
Derivatives:
Foreign currency and interest rate swaps			$	18,482					$	18,482
Equity derivatives					$	276				276
Total	$	—	$	18,482	$	276	$	—	$	18,758

20

December 31, 2022:	Level 1		Level 2		Level 3		NAV		Total
	(In Thousands)
Assets:
Bonds:
Issuer obligations					$	5,010			$	5,010
LBASS						3,104				3,104
Total bonds		—		—		8,114		—		8,114
Common stocks:
Industrial and miscellaneous						5,592				5,592
Derivatives:
Foreign currency and interest rate swaps			$	605						605
Equity derivatives	$	9,992				1,247				11,239
Total derivatives		9,992		605		1,247		—		11,844
Separate account assets ⁽¹⁾		2,894,457					$	15,045		2,909,502
Total	$	2,904,449	$	605	$	14,953	$	15,045	$	2,935,052
Liabilities:
Derivatives:
Foreign currency and interest rate swaps			$	52,573					$	52,573
Equity derivatives					$	2				2
Total	$	—	$	52,573	$	2	$	—	$	52,575

⁽¹⁾

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 AND COMMON STOCKS

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

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

21

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 and interest rate swaps and equity options. Internal models are used to value 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. On a monthly basis, the Company performs an analysis of derivative valuations, which includes both quantitative and qualitative analyses. Examples of procedures performed include, but are not limited to, review of pricing statistics and trends, analysis of the impacts of changes in the market environment and review of changes in the market value for each derivative by both risk managers and investment accountants. Internally calculated fair values are reviewed and compared to external broker fair values for reasonableness.

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

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

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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 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.

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, derivatives, privately held companies and private partnerships. The redemption frequency is quarterly. There are no remaining lockup periods or unfunded commitments of investments measured using the NAV practical expedient as of December 31, 2023 and 2022.

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 Thousands)
Bonds
Issuer obligations	$	5,010	$	3,104	⁽²⁾	$	(3,512	)⁽³⁾	$	(1	)	$	(696	)					$	(3,863	)	$	42
LBASS		3,104					(3,104	)⁽²⁾															—
Common stocks		5,592											(401	)	$	238				(482	)		4,947
Derivatives, net		1,245								1,357			(549	)		1,691				(1,764	)		1,980
Total	$	14,951	$	3,104		$	(6,616	)	$	1,356		$	(1,646	)	$	1,929	$	—	$	(6,109	)	$	6,969

								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 Income			Surplus		Purchases		Sales		Settlements			2022
	(In Thousands)
Bonds
Issuer obligations			$	5,010	(4)															$	5,010
LBASS				7,096	(4)			$	(2,048	)			$	153			$	(2,097	)		3,104
Common stocks	$	3,647												1,945							5,592
Derivatives, net		1,927							(632	)		589		76				(715	)		1,245
Total	$	5,574	$	12,106		$	—	$	(2,680	)	$	589	$	2,174	$	—	$	(2,812	)	$	14,951

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

⁽²⁾ Transferred into/out of Level 3 due to reclassifications to Issuer Obligations.

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

⁽⁴⁾ Transferred into Level 3 due to carrying value adjustments down to fair value.

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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 Thousands)
Assets:
Bonds	$	6,201,130		$	6,397,667				$	5,887,459		$	313,671
Common stocks		4,947			4,947								4,947
Mortgage loans		452,495			497,329								452,495
Cash and cash equivalents		230,983			230,983		$	230,983
Contract loans		19,060			19,060								19,060
Derivatives, net		(9,324	)		(9,324	)		6,734		(18,038	)		1,980
Other invested assets ⁽¹⁾		22,880			24,942					22,880
Separate account assets		3,167,948			3,167,948			3,151,679						$	16,269
Liabilities:
Liability for deposit-type contracts		1,067,777			1,036,013								1,067,777
Separate account liability for
deposit type contracts		1,892			1,892								1,892

		December 31, 2022
					Book/											Not
					Adjusted											Practicable
		Fair			Carrying											(Carrying
		Value			Value			Level 1		Level 2			Level 3		NAV	Value)
		(In Thousands)
Assets:
Bonds	$	4,659,251		$	5,033,766				$	4,557,389		$	101,862
Common stocks		5,592			5,592								5,592
Mortgage loans		358,254			403,315								358,254
Cash and cash equivalents		333,373			333,373		$	333,373
Contract loans		9,483			9,483								9,483
Derivatives, net		(40,731	)		(40,731	)		9,992		(51,968	)		1,245
Other invested assets ⁽¹⁾		21,921			24,940					21,921
Separate account assets		2,909,502			2,909,502			2,894,457						$	15,045
Liabilities:
Liability for deposit-type contracts		933,990			936,383								933,990
Separate account liability for
deposit type contracts		2,118			2,118								2,118

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

The tables above exclude the following financial instruments: investment income due and accrued and derivatives collateral receivable and payable. 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.

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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 AND CASH EQUIVALENTS

Cash equivalents are money market mutual funds that have fair values that approximate their book/adjusted carrying values due to the short maturities of the underlying investments of the funds. The carrying value of cash approximates the fair value.

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 of surplus note investments held from other insurance providers. The fair value of the surplus note investments are priced by an independent pricing service as described for bonds above.

LIABILITY FOR DEPOSIT-TYPE CONTRACTS

The primary methods used to determine the estimated fair value of liability for deposit-type contracts are based on discounted cash flow methodologies using significant unobservable inputs.

SEPARATE ACCOUNT LIABILITY FOR DEPOSIT-TYPE CONTRACTS

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

5.	DERIVATIVE INSTRUMENTS

The Company primarily utilizes derivative instruments to manage its exposure to interest 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.

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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 Thousands)
December 31, 2023:
Equity total return swaps		$	27,452	$	(276	)	$	(276	)
Equity futures			136,688		6,734			6,734
Equity call options			43,940		2,256			2,256
Foreign currency swaps			2,104		354			354
Interest rate swaps			251,200		(18,392	)		(18,392	)
Total		$	461,384	$	(9,324	)	$	(9,324	)
December 31, 2022:
Equity total return swaps		$	22,384	$	273		$	273
Equity futures			189,827		9,992			9,992
Equity call options			41,980		972			972
Foreign currency swaps			2,678		511			511
Interest rate swaps			302,315		(52,479	)		(52,479	)
Total		$	559,184	$	(40,731	)	$	(40,731	)

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 $1.6 million and $0.7 million as of December 31, 2023 and 2022, respectively. Cash collateral pledged to counterparties was $32.0 million and $65.7 million as of December 31, 2023 and 2022, respectively.

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 to satisfy this collateral requirement. Cash pledged for initial margin was $6.7 million and $10.0 million as of December 31, 2023 and 2022, respectively.

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.

26

For the years ended December 31, 2023, 2022 and 2021, $1.6 million, $1.5 million and $1.5 million, respectively, of option premium expense was recorded in net investment income for the one-year equity call options hedging life indexed account insurance products. This amount 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.

DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS

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

The Company utilizes total return swaps and exchange-traded futures 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 Company also utilizes interest rate swaps to manage interest rate risk in the variable annuity products.

Foreign currency interest rate swap agreements are used to convert fixed or floating rate foreign-denominated assets to U.S. dollar fixed or floating rate assets. 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 that are denominated in foreign currencies.

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. 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 average and ending fair value of derivatives not designated as hedging instruments are as follows:

	Average Fair Value						Ending Fair Value
	Years Ended						as of
	December 31,						December 31,
	2023			2022			2023				2022
							Asset		Liability		Asset		Liability
	(In Thousands)
Equity futures	$	8,482		$	8,329		$	6,734			$	9,992
Foreign currency swaps		438			496			354				511
Interest rate swaps		(27,636	)		(31,277	)		90	$	18,482			$	52,479
Equity total return swaps		(139	)		57					276		275		2
Equity call options					7
Total	$	(18,855	)	$	(22,388	)	$	7,178	$	18,758	$	10,778	$	52,481

27

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 Thousands)
Equity futures	$	(11,666	)	$	7,973		$	431		$	(17,752	)	$	17,060	$	(27,276	)
Equity total return swaps		(549	)		589			(15	)
Foreign currency swaps		(157	)		(110	)		(117	)
Interest rate swaps		34,087			(55,114	)		(11,762	)		(33,813	)
Equity call options								30
Total	$	21,715		$	(46,662	)	$	(11,433	)	$	(51,565	)	$	17,060	$	(27,276	)

For the years ended December 31, 2023, 2022 and 2021, net gains or (losses) from periodic net settlements recorded in net investment income were ($9.5) million, $5.5 million and ($1.8) 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 Thousands):

	Premium
Years Ending December 31:	Payments Due⁽¹⁾
2024	$	361
2025
2026
2027
2028 and thereafter
Total undiscounted future settled premium commitments	$	361

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

	Years Ended December 31,
	2023		2022
	(In Thousands)
Undiscounted future premium commitments	$	361	$	1,577
Equity call option fair value		583		972
Equity call option fair value excluding impact of discounted future settled premiums		583		972

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.

28

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 non performance 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.

The Company does not have any derivatives accounted for under SSAP No. 108, Derivatives Hedging Variable Annuity Guarantees.

29

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 Thousands)						(In Thousands)
Gross deferred tax assets	$	75,859	$	5,747	$	81,606	$	63,551	$	5,511	$	69,062
Statutory valuation allowance adjustment
Adjusted gross deferred tax assets		75,859		5,747		81,606		63,551		5,511		69,062
Deferred tax assets nonadmitted		45,322		2,398		47,720		38,573		2,563		41,136
Net admitted deferred tax asset		30,537		3,349		33,886		24,978		2,948		27,926
Deferred tax liabilities		7,423		3,349		10,772		8,030		2,948		10,978
Net admitted deferred tax asset	$	23,114	$	—	$	23,114	$	16,948	$	—	$	16,948

	Change during 2023
	Ordinary			Capital			Total

	(In Thousands)
Gross deferred tax assets	$	12,308		$	236		$	12,544
Statutory valuation allowance adjustment
Adjusted gross deferred tax assets		12,308			236			12,544
Deferred tax assets nonadmitted		6,749			(165	)		6,584
Net admitted deferred tax asset		5,559			401			5,960
Deferred tax liabilities		(607	)		401			(206	)
Net admitted deferred tax asset	$	6,166		$	—		$	6,166

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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 Thousands)						(In Thousands)
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	$	23,114			$	23,114	$	16,948			$	16,948
Adjusted gross deferred tax assets expected to be realized following the balance sheet date		23,114				23,114		16,948				16,948
Adjusted gross deferred tax assets allowed per limitation threshold						78,220						68,550
Adjusted gross deferred tax assets offset by gross deferred tax liabilities		7,423	$	3,349		10,772		8,030	$	2,948		10,978
Deferred tax assets admitted as the result of application of SSAP No. 101	$	30,537	$	3,349	$	33,886	$	24,978	$	2,948	$	27,926

	Change during 2023
	Ordinary			Capital		Total

	(In Thousands)
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		6,166					6,166
Adjusted gross deferred tax assets expected to be realized following the balance sheet date		6,166					6,166
Adjusted gross deferred tax assets allowed per limitation threshold							9,670
Adjusted gross deferred tax assets offset by gross deferred tax liabilities		(607	)	$	401		(206	)
Deferred tax assets admitted as the result of application of SSAP No. 101	$	5,559		$	401	$	5,960

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

	December 31,
	2023			2022

Ratio percentage used to determine recovery period and threshold limitation amount		722	%		792	%
Amount of adjusted capital and surplus used to determine recovery period and threshold limitation	$	521,469		$	456,998

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

	December 31, 2023
	Ordinary			Capital
Adjusted gross deferred tax assets	$	75,859		$	5,747
Percent of total adjusted gross deferred tax assets		0	%		0	%
Net admitted adjusted gross deferred tax assets	$	30,537		$	3,349
Percent of total net admitted adjusted gross deferred tax assets		0	%		0	%

	December 31, 2022
	Ordinary			Capital
Adjusted gross deferred tax assets	$	63,551		$	5,511
Percent of total adjusted gross deferred tax assets		0	%		0	%
Net admitted adjusted gross deferred tax assets	$	24,978		$	2,948
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 Thousands)
Federal income tax expense	$	16,451	$	2,428		$	6,223		$	14,023	$	(3,795	)
Federal income taxes on net capital gains (losses)		181		(178	)		(1	)		359		(177	)
Federal income tax expense	$	16,632	$	2,250		$	6,222		$	14,382	$	(3,972	)

32

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,
	2023		2022		Change

	(In Thousands)
Deferred tax assets:
Ordinary:
Policyholder reserves	$	55,392	$	47,486	$	7,906
Deferred acquisition costs		17,734		13,418		4,316
Compensation and benefits accrual		494		388		106
Other		2,239		2,259		(20	)
Total		75,859		63,551		12,308
Statutory valuation allowance adjustment
Nonadmitted		45,322		38,573		6,749
Admitted ordinary deferred tax assets		30,537		24,978		5,559

Capital:
Investments		5,747		5,511		236
Total		5,747		5,511		236
Statutory valuation allowance adjustment
Nonadmitted		2,398		2,563		(165	)
Admitted capital deferred tax assets		3,349		2,948		401

Admitted deferred tax assets		33,886		27,926		5,960

Deferred tax liabilities:
Ordinary:
Investments		6,761		7,367		(606	)
Other		662		663		(1	)
Total		7,423		8,030		(607	)

Capital:
Investments		3,349		2,948		401
Total		3,349		2,948		401

Deferred tax liabilities		10,772		10,978		(206	)

Net admitted deferred tax assets	$	23,114	$	16,948	$	6,166

33

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

	December 31,
	2023		2022		Change

	(In Thousands)
Total deferred tax assets	$	81,606	$	69,063	$	12,543
Total deferred tax liabilities		10,772		10,978		(206	)
Net deferred tax asset	$	70,834	$	58,085		12,749
Tax effect of unrealized activities						(210	)
Change in net operating deferred income tax					$	12,539

Federal income tax expense 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 Thousands)
Provision computed at statutory rate	$	2,372		$	(3,342	)	$	8,075
Tax contingency		216			216			215
Amortization of IMR		(104	)		(129	)		(153	)
Distribution from affiliates		(1,028	)		(972	)		(1,090	)
Dividend received deduction		(1,375	)		(1,541	)		(1,714	)
Tax impact from derivative gains (losses) from surplus		4,574			(9,708	)		(2,383	)
Other		(562	)		4			(250	)
Total statutory income tax	$	4,093		$	(15,472	)	$	2,700

Federal income tax expense	$	16,632		$	2,250		$	6,222
Change in net deferred income taxes		(12,539	)		(17,722	)		(3,522	)
Total statutory income tax	$	4,093		$	(15,472	)	$	2,700

As of December 31, 2023 and 2022, the Company had no low income housing and foreign tax credit carryforwards. The Company had no investment tax credits. The Company had no benefits of operating loss carry-forwards. 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 Thousands).

	Ordinary	Capital
2023 estimated		$	175
2022
2021			31

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 had no Alternative Minimum Tax credit carryforward.

34

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.	CAPITAL AND SURPLUS

DIVIDEND RESTRICTIONS

The payment of dividends by the Company to its parent is subject to restrictions set forth in the State of Arizona insurance laws. These laws require (i) notification to the AZ DIFI for the declaration and payment of any dividend and (ii) approval by the AZ DIFI for accumulated dividends within the preceding twelve months that exceed the lesser of 10% of statutory surplus as regards to policyholders 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 $35.8 million in dividends during the year ending December 31, 2024 to Pacific Life without prior approval by the AZ DIFI. 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 ordinary dividends in the form of cash and bonds to Pacific Life of $41.7 million.

During the years ended December 31, 2023, 2022, and 2021, the Company received capital contributions in the form of bonds from Pacific Life of $49.3 million, zero, and zero, respectively.

UNASSIGNED SURPLUS

The portion of unassigned surplus represented by cumulative unrealized losses, net, as of December 31, 2023 and 2022 was $25.4 million and $46.2 million, respectively.

35

8.	RELATED PARTY TRANSACTIONS

Pacific Life provides general administrative and investment management services to the Company under an administrative services agreement. Product contract services relating to the Company's variable universal life insurance, other life insurance, variable annuities and investment management services are under a separate services agreement. Amounts charged by Pacific Life to the Company for these services were $34.0 million, $28.0 million and $22.7 million for the years ended December 31, 2023, 2022 and 2021, respectively, and are primarily included in operating expenses. The Company reported $5.1 million and $3.8 million due to Pacific Life as of December 31, 2023 and 2022, respectively. It is the Company’s policy to settle these amounts no later than 90 days after the due date.

The Company generally carries its investments in joint ventures, partnerships and limited liability companies 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.

PLFA is the investment adviser for the Pacific Select Fund, the investment vehicle provided to the Company’s variable life insurance policyholders and variable annuity contract owners. PLFA is owned 99% by Pacific Life and 1% by the Company. Distributions to the Company from PLFA, reflecting net revenues and expenses, net of taxes, are recorded by the Company as net investment income when declared, to the extent they are not in excess of undistributed accumulated earnings. Distributions from PLFA to the Company included in net investment income December 31, 2023, 2022 and 2021 were $4.9 million, $4.6 million and $5.2 million, respectively. Any undistributed net revenue and expense, net of tax, is recorded directly to surplus.

Pacific Select Distributors, LLC (PSD), a wholly-owned broker-dealer subsidiary of Pacific Life, primarily serves as the distributor of registered investment-related products and services, principally variable life and annuity contracts issued by the Company and Pacific Life. In connection with PSD’s distribution of these variable life and annuity contracts to the Company and Pacific Life, the Company incurred commission expense of $26.7 million, $29.7 million and $34.0 million during the years ended December 31, 2023, 2022 and 2021, respectively. A service plan was adopted by the Pacific Select Fund whereby Pacific Select Fund pays PSD, as distributor of the funds, a service fee in connection with services rendered or procured to or 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 $3.5 million, $3.6 million and $4.2 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.

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 $2,027.3 million and $1,998.3 million as of December 31, 2023 and 2022, respectively. Related to these annuity contracts, the Company received $56.0 million, $101.7 million and $41.6 million of premium and annuity considerations and paid $124.4 million, $123.8 million and $126.2 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 $996.3 million and $905.3 million as of December 31, 2023 and 2022, respectively.

The Company has an agreement with Pacific Life to borrow up to $100 million at variable interest rates. There was no amount outstanding under the facility as of December 31, 2023 and 2022. 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 any other affiliate lending agreements. The Company had no amount outstanding under the facility as of December 31, 2023.

36

9.	RESERVES FOR LIFE CONTRACTS AND ANNUITY CONTRACTS

For 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 $204.0 million and $255.7 million, respectively, of insurance in force for which gross premiums were less than the net premiums according to the valuation standard set by the Arizona DIFI.

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:

	December 31,
	2023									2022
	Ordinary									Ordinary
	Life			Individual						Life			Individual
	Insurance			Annuities			Total			Insurance			Annuities		Total

	(In Thousands)
The components of other reserve changes include change in asset adequacy reserves, change of separate account fair value, surrender or alternative comparison values, partial withdrawals, changes in deficiency reserves and change in CRVM expense allowances	$	(1,233	)	$	(40,000	)	$	(41,233	)	$	(1,799	)	$	40,000	$	38,201

10.

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 Thousands)
Subject to discretionary withdrawal:
With market value adjustment	$	79,868			$	79,868		1	%
At book value less current surrender charge of 5% or more ⁽¹⁾		126,961				126,961		2	%
At fair value			$	3,026,317		3,026,317		36	%
Total with market value adjustment or at fair value		206,829		3,026,317		3,233,146		39	%
At book value without adjustment		2,826,364				2,826,364		34	%
Not subject to discretionary withdrawal		2,224,051		335		2,224,386		27	%
Total	$	5,257,244	$	3,026,652	$	8,283,896		100	%

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:	$	21,293	$	—	$	21,293

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

37

Group Annuities:

	December 31, 2023
	General		Separate Account				% of
	Account		Nonguaranteed		Total		Total

	($ In Thousands)
Not subject to discretionary withdrawal	$	365,950			$	365,950		100	%
Total	$	365,950	$	—	$	365,950		100	%

Deposit-type Contracts:

		December 31, 2023
		General		Separate Account				% of
		Account		Nonguaranteed		Total		Total

	($ In Thousands)
Subject to discretionary withdrawal:
With market value adjustment		$	6,982			$	6,982		1	%
At fair value				$	1,892		1,892
Total with market value adjustment or at fair value			6,982		1,892		8,874		1	%
Not subject to discretionary withdrawal			1,029,031				1,029,031		99	%
Total		$	1,036,013	$	1,892	$	1,037,905		100	%

38

Total Individual and Group Annuities and Deposit-type Contracts:

	December 31, 2023
	General		Separate Account				% of
	Account		Nonguaranteed		Total		Total

	($ In Thousands)
Subject to discretionary withdrawal:
With market value adjustment	$	86,850			$	86,850		1	%
At book value less current surrender charge of 5% or more ⁽¹⁾		126,961				126,961		1	%
At fair value			$	3,028,209		3,028,209		31	%
Total with market value adjustment or at fair value		213,811		3,028,209		3,242,020		33	%
At book value without adjustment		2,826,364				2,826,364		29	%
Not subject to discretionary withdrawal		3,619,032		335		3,619,367		38	%
Total	$	6,659,207	$	3,028,544	$	9,687,751		100	%

Total Individual and Group Annuities and Deposit-type Contracts:

	December 31, 2022
	General		Separate Account				% of
	Account		Nonguaranteed		Total		Total

	($ In Thousands)
Subject to discretionary withdrawal:
With market value adjustment	$	75,392			$	75,392		1	%
At book value less current surrender charge of 5% or more ⁽¹⁾		203,066				203,066		2	%
At fair value			$	2,766,519		2,766,519		34	%
Total with market value adjustment or at fair value		278,458		2,766,519		3,044,977		37	%
At book value without adjustment		1,719,350				1,719,350		21	%
Not subject to discretionary withdrawal		3,382,246		316		3,382,562		42	%
Total	$	5,380,054	$	2,766,835	$	8,146,889		100	%

⁽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 AZ DIFI, 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 Thousands)
Annual Statement:
Annuities	$	5,623,193	$	4,443,671
Deposit-type contracts		1,036,013		936,383
Total		6,659,206		5,380,054
Separate Accounts Annual Statement:
Annuities		3,026,652		2,764,717
Other contract deposit funds		1,892		2,118
Combined total	$	9,687,750	$	8,146,889

39

11.

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:

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

		(In Thousands)
Subject to discretionary withdrawal, surrender values, or contract loans:
Universal life	$	573	$	51	$	355
Universal life with secondary guarantees		10,132		9,871		10,235
Indexed universal life with secondary guarantees		48,326		46,851		48,891
Other permanent cash value life insurance		6,769		7,084		7,168
Variable universal life		17,760		17,719		17,748	$	73,802	$	73,798	$	73,798

Not subject to discretionary withdrawal or no cash values:
Term policies without cash value						4,742
Disability - active lives						49
Disability - disabled lives						5,264
Miscellaneous reserves						420
Total (direct + assumed)		83,560		81,576		94,872		73,802		73,798		73,798
Reinsurance ceded						6,268
Total (net)	$	83,560	$	81,576	$	88,604	$	73,802	$	73,798	$	73,798

40

		General Account						Separate Account - Nonguaranteed
December 31, 2022		Account Value		Cash Value		Reserve		Account Value		Cash Value		Reserve

		(In Thousands)
Subject to discretionary withdrawal, surrender values, or contract loans:
Universal life	$	356	$	21	$	201
Universal life with secondary guarantees		9,588		9,275		9,707
Indexed universal life with secondary guarantees		45,629		45,239		46,162
Other permanent cash value life insurance		6,804		7,175		7,351
Variable universal life		8,311		8,275		8,295	$	77,806	$	77,795	$	77,795

Not subject to discretionary withdrawal or no cash values:
Term policies without cash value						4,781
Disability - active lives						44
Disability - disabled lives						5,722
Miscellaneous reserves						677
Total (direct + assumed)		70,688		69,985		82,940		77,806		77,795		77,795
Reinsurance ceded						7,105
Total (net)	$	70,688	$	69,985	$	75,835	$	77,806	$	77,795	$	77,795

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

	(In Thousands)
Annual Statement:
Life insurance section	$	87,978	$	74,965
Disability - active lives section		20		18
Disabled lives section		189		181
Miscellaneous section		417		671
Subtotal		88,604		75,835

Separate Accounts Annual Statement:
Life insurance section		73,798		77,795
Combined total	$	162,402	$	153,630

41

12.

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 Thousands)
Ordinary renewal	$	(58	)	$	(59	)	$	124	$	122
Total	$	(58	)	$	(59	)	$	124	$	122

13.

SEPARATE ACCOUNTS

The Company utilizes Separate Accounts to record and account for assets and liabilities related to variable annuities and variable universal life. 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.

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

As of December 31, 2023 and 2022, the Company’s Separate Accounts Annual Statement included legally insulated assets of $3,167.9 million and $2,909.5 million, 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 Thousands):

Product	Separate Account Assets Legally Insulated		Separate Account Assets Not Legally Insulated

Variable annuities	$	3,094,146
Variable universal life		73,802
Total	$	3,167,948	$	—

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 $20.5 million, $19.6 million, $18.4 million, $16.7 million, and $16.7 million, respectively.

For the years ended December 31, 2023, 2022, 2021, 2020, and 2019, the General Account of the Company had paid $1.2 million, $0.9 million, zero, $0.1 million, and $0.1 million, respectively, toward the Separate Account guarantees.

The Company has no Separate Accounts with guarantees. 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.

42

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

	Years Ended December 31,
	2023		2022

	(In Thousands)
Premiums, considerations or deposits	$	229,924	$	282,557

	December 31,
	2023		2022

	(In Thousands)
Reserves for accounts with assets at fair value	$	3,102,342	$	2,844,630

Reserves by withdrawal characteristics:
Subject to discretionary withdrawal at fair value	$	3,102,007	$	2,844,314
Not subject to discretionary withdrawal		335		316
Total	$	3,102,342	$	2,844,630

	Years Ended December 31,
	2023			2022			2021

	(In Thousands)
Transfers as reported in the summary of operations - statutory basis of the Separate Accounts Annual Statement:
Transfers to separate accounts	$	229,873		$	282,497		$	331,200
Transfers from separate accounts		334,513			251,482			386,614
Net transfers from separate accounts		(104,640	)		31,015			(55,414	)
Reconciling adjustments:
Net lag gain/loss for annuities in general account only		51			(36	)		3
Transfers as reported in current and future policy benefits in the accompanying statements of operations - statutory basis	$	(104,589	)	$	30,979		$	(55,411	)

14.

BORROWED MONEY

The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB). The Company is eligible to receive advances from the FHLB based on a percentage of the Company’s net admitted assets provided it has sufficient available eligible collateral and is in compliance with the FHLB requirements and insurance laws and regulations. The Company's estimated maximum borrowing capacity (after taking into account required collateralization levels) was $6.0 million and $7.0 million as of December 31, 2023 and 2022. However, asset eligibility determination is subject to the FHLB's discretion and to the availability of qualifying assets at the Company. The Company had no collateral pledged to the FHLB. Interest is at variable or fixed rates. The Company had no borrowing from the FHLB as of December 31, 2023 and 2022.

The Company is required to purchase stock in FHLB of San Francisco each time it receives an advance. As of December 31, 2023, and 2022, the Company held $3.9 million and $3.6 million, respectively, of membership Class B stock of FHLB of San Francisco, which is recorded in common stock. All of the membership stock is not eligible for redemption.

43

15.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS

As of December 31, 2023, the Company has no outstanding commitments for investments in subsidiary, controlled or affiliated (SCA) entities, joint ventures, partnerships and limited liability companies.

As of December 31, 2023, the Company had $2.1 million of outstanding contractual obligations to acquire private placement securities for the General Account. As of December 31, 2023, the Company had $126.6 million of outstanding mortgage loan commitments for the General Account which were primarily advances available for construction loans.

In connection with the operations of PLFA, the Company and Pacific Life 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.

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 for all probable and reasonably estimable losses for litigation claims against the Company, if any.

Issues were identified in a market conduct exam that may be indicative of potential losses. The Company has accrued a loss contingency based on management’s best estimate and does not expect these issues to have a materially adverse effect on the Company’s financial statements - statutory basis.

CONTINGENCIES - IRS REVENUE RULING

In 2007, the Internal Revenue Service (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 Revenue Ruling 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 of 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, 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 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 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.

44

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 zero. As of December 31, 2023 and 2022, the related premium tax receivable was $2.2 million. 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 1 for discussion of other contingencies related to reinsurance.

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

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

45

Pacific Life & Annuity Company

SUPPLEMENTAL SCHEDULE OF SELECTED FINANCIAL DATA AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2023

(In Thousands)

Investment Income Earned:
U.S. Government bonds	$	160
Bonds exempt from U.S. tax
Other bonds (unaffiliated)		285,012
Bonds of affiliates
Preferred stocks (unaffiliated)
Preferred stocks of affiliates
Common stocks (unaffiliated)		282
Common stocks of affiliates
Mortgage loans		26,197
Real estate
Contract loans		512
Cash and cash equivalents		11,070
Derivative instruments		(11,166	)
Other invested assets		6,166
Aggregate write-ins for investment income		2,338
Gross Investment Income	$	320,571

Real Estate Owned - Book Value Less Encumbrances

Mortgage Loans - Book Value:
Farm mortgages
Residential mortgages
Commercial mortgages	$	470,585
Mezzanine		26,744
Total Mortgage Loans	$	497,329

Mortgage Loans By Standing - Book Value:
Good standing	$	483,252
Good standing with restructured terms	$	14,077
Interest overdue more than 90 days, not in foreclosure
Foreclosure in process

Other Long-Term Assets - Carrying Value	$	25,848

Bonds and Stocks of Parents, Subsidiaries and Affiliates - Carrying Value:
Bonds
Preferred stocks
Common stocks

46

Bonds by NAIC Designation and Maturity:
Bonds by Maturity - Statement Value:
Due within one year or less	$	315,644
Over 1 year through 5 years		2,374,292
Over 5 years through 10 years		1,104,647
Over 10 years through 20 years		1,440,357
Over 20 years		1,162,727
Total by Maturity	$	6,397,667

Bonds by NAIC Designation - Statement Value:
NAIC 1	$	3,731,089
NAIC 2		2,634,376
NAIC 3		24,548
NAIC 4		2,019
NAIC 5		2,079
NAIC 6		3,556
Total by NAIC Designation	$	6,397,667

Total Bonds Publicly Traded	$	4,045,823
Total Bonds Privately Traded	$	2,351,844
Preferred Stocks - Statement Value
Common Stocks - Unaffiliated - Statement Value	$	4,947
Common Stocks - Affiliated - Statement Value
Cash Equivalents	$	198,800
Options, Caps & Floors Owned - Statement Value
Options, Caps & Floors Written and In Force - Statement Value
Collar, Swap & Forward Agreements Open - Statement Value	$	(16,058	)
Futures Contracts Open - Statement Value	$	6,734
Cash on Deposit	$	32,183

Life Insurance In Force:
Industrial
Ordinary	$	4,036,715
Credit Life
Group Life	$	461

Amount of Accidental Death Insurance In Force Under Ordinary Policies	$	500

47

Life Insurance Policies with Disability Provisions In Force:
Industrial
Ordinary	$	5,263
Credit Life
Group Life

Supplementary Contracts In Force:
Ordinary - Not Involving Life Contingencies
Amount on Deposit
Income Payable
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	$	148,794
Deferred - Fully Paid Account Balance	$	2,960,653
Deferred - Not Fully Paid - Account Balance

Group
Amount of Income Payable	$	29,811
Fully Paid Account Balance
Not Fully Paid - Account Balance

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

Deposit Funds and Dividend Accumulations:
Deposit Funds - Account Balance	$	1,036,013
Dividend Accumulations - Account Balance

48

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

Other Accident and Health
2023
2022
2021
2020
2019
Prior

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

49

Pacific Life & Annuity Company

SUPPLEMENTAL SUMMARY INVESTMENT SCHEDULE DECEMBER 31, 2023

(In Thousands)

					Admitted Assets
	Gross				as Reported in
	Investment				the Annual
	Holdings*				Statement
Long-term bonds:
U.S. Governments	$	9,288	0.129	%	$	9,288	0.129	%
All other governments		36,424	0.505	%		36,424	0.505	%
U.S. states, territories, and possessions, etc. guaranteed		8,903	0.123	%		8,903	0.123	%
U.S. political subdivisions of states, territories, and possessions, guaranteed		56,141	0.778	%		56,141	0.778	%
U.S. special revenue and special assessment obligations, etc. non- guaranteed		435,120	6.028	%		435,120	6.028	%
Industrial and miscellaneous		5,720,622	79.247	%		5,720,622	79.247	%
Unaffiliated bank loans		131,169	1.817	%		131,169	1.817	%
Total long-term bonds		6,397,667	88.627	%		6,397,667	88.627	%

Common stocks:
Industrial and miscellaneous other (unaffiliated)		4,947	0.069	%		4,947	0.069	%
Total common stocks		4,947	0.069	%		4,947	0.069	%

Mortgage loans:
Commercial mortgages		470,585	6.519	%		470,585	6.519	%
Mezzanine real estate loans		26,744	0.370	%		26,744	0.370	%
Total mortgage loans		497,329	6.889	%		497,329	6.889	%

Cash and cash equivalents:
Cash		32,182	0.446	%		32,182	0.446	%
Cash equivalents		198,801	2.754	%		198,801	2.754	%
Total cash and cash equivalents		230,983	3.200	%		230,983	3.200	%

Contract loans		19,060	0.262	%		19,060	0.262	%
Derivatives		9,434	0.131	%		9,434	0.131	%
Receivables for securities **		1,500	0.021	%		1,500	0.021	%
Other invested assets		57,820	0.801	%		57,820	0.801	%
Total invested assets	$	7,218,740	100.000	%	$	7,218,740	100.000	%

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

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

50

Pacific Life & Annuity Company

SUPPLEMENTAL SCHEDULE OF INVESTMENT RISK INTERROGATORIES DECEMBER 31, 2023

The Company's Total Admitted Assets, excluding separate accounts, as reported in the Statements of Admitted Assets, Liabilities and Capital and Surplus (Total Admitted Assets) was $7,325.7 million as of December 31, 2023.

1.

The 10 largest exposures to a single issuer/borrower/investment as of December 31, 2023, are as follows:

	(In Thousands)		Percentage of Total Admitted Assets
IBM Corporation (Bond)	$	64,676		0.9	%
Amgen Inc (Bond)		56,941		0.8	%
Comcast Corporation (Bond)		46,924		0.6	%
Transcanada Pipelines Ltd (Bond)		41,926		0.6	%
AT&T Corporation (Bond)		41,386		0.6	%
BSCH II Issuer LP (Bond)		40,000		0.5	%
Truist Bank (Bond)		39,963		0.5	%
Commercial loan (Mortgage Loan)		39,631		0.5	%
Pfizer Inc (Bond)		38,970		0.5	%
Metropolitan Transport Auth NY (Bond)		36,728		0.5	%

2.

The amounts and percentages of Total Admitted Assets held in bonds and preferred stocks by NAIC designation as of December 31, 2023, are as follows:

	(In Thousands)		Percentage of Total Admitted Assets				(In Thousands)	Percentage of Total Admitted Assets
Bonds:						Preferred Stock:
NAIC 1	$	3,731,089		50.9	%	P/RP 1
NAIC 2		2,634,376		36.0	%	P/RP 2
NAIC 3		24,548		0.3	%	P/RP 3
NAIC 4		2,019		0.0	%	P/RP 4
NAIC 5		2,079		0.0	%	P/RP 5
NAIC 6		3,556		0.0	%	P/RP 6

51

3.

Assets held in foreign investments as of December 31, 2023, totaled $1,032.0 million, which represents 14.1% of Total Admitted Assets.

a.

The aggregate foreign investment exposure, categorized by NAIC sovereign designation as of December 31, 2023, is as follows:

	(In Thousands)		Percentage of Total Admitted Assets
Countries designated NAIC 1	$	946,989		12.9	%
Countries designated NAIC 2		64,132		0.9	%
Countries designated NAIC 3 or below		20,571		0.3	%

b.

The largest foreign investment exposures in a single country, categorized by the country's NAIC sovereign designation as of December 31, 2023, are as follows:

	(In Thousands)		Percentage of Total Admitted Assets
Countries designated NAIC 1
Country: Cayman Islands	$	324,626		4.4	%
Country: United Kingdom (Great Britain)		236,818		3.2	%
Countries designated NAIC 2
Country: Mexico		27,303		0.4	%
Country: Indonesia		22,862		0.3	%
Countries designated NAIC 3 or below
Country: Brazil		12,568		0.2	%
Country: Bahamas		6,300		0.1	%

c.

The 10 largest non-sovereign (i.e. non-governmental) foreign issues as of December 31, 2023 are as follows:

NAIC Designation	Issuer	(In Thousands)		Percentage of Total Admitted Assets
1.E FE/1.G FE	Lloyds TSB Bank Group PLC	$	35,013		0.5	%
1.E FE/2.A FE	Danske Bank A/S		34,997		0.5	%
1.F FE	Banco Santander		30,000		0.4	%
1.F FE	BP Capital Markets PLC		25,000		0.3	%
2.A FE	Deutsche Telekom AG		21,225		0.3	%
1.C FE	Platinum Securities KY		20,960		0.3	%
2.A FE	Deutsche Bank AG		19,998		0.3	%
1.G FE	Standard Chartered PLC		19,992		0.3	%
2.C FE	Ashtead Capital Inc		18,915		0.3	%
1.D PL	Cayman Universe		18,209		0.2	%

4.

The aggregate amount and percentage of Total Admitted Assets held in Canadian investments as of December 31, 2023, totaled $209.1 million, which represent 2.9% of Total Admitted Assets.

5.

The aggregate amount and percentage of Total Admitted Assets held in investments with contractual sales restrictions are less than 2.5% of Total Admitted Assets as of December 31, 2023.

6.

Assets held in equity interest are less than 2.5% of Total Admitted Assets as of December 31, 2023.

52

7.

Assets held in nonaffiliated, privately placed equities are less than 2.5% of Total Admitted Assets as of December 31, 2023.

a.

Ten largest fund managers as of December 31, 2023 are as follows:

	Total
	Invested		Diversified

Fund Manager	(In Thousands)
Walkers Fiduciary Limited	$	367	$	367

8.

Assets held in general partnership interests are less than 2.5% of Total Admitted Assets as of December 31, 2023.

9.

The amounts and percentages of Total Admitted Assets held in mortgage loans as of December 31, 2023, are as follows:

a.

The 10 largest aggregate mortgage interests sharing the same property or group of properties as of December 31, 2023 are as follows:

Type (Residential, Commercial, Agricultural)	(In Thousands)		Percentage of Total Admitted Assets
Commercial loan	$	39,631		0.5	%
Commercial loan		32,677		0.4	%
Commercial loan		32,664		0.4	%
Commercial loan		31,049		0.4	%
Commercial loan		29,011		0.4	%
Commercial loan		26,744		0.4	%
Commercial loan		26,318		0.4	%
Commercial loan		25,000		0.3	%
Commercial loan		24,799		0.3	%
Commercial loan		20,000		0.3	%

10.

The aggregate mortgage loans having the following loan-to-value ratios as determined from the most current appraisals as of December 31, 2023 are as follows:

	(In Thousands)		Percentage of Total Admitted Assets
Commercial:
Above 95%	$	14,077		0.2	%
91% to 95%
81% to 90%
71% to 80%
Below 70%		483,252		6.6	%

11.

Assets held in real estate are less than 2.5% of Total Admitted Assets as of December 31, 2023.

12.

Assets held in investments held in mezzanine real estate loans are less than 2.5% of Total Admitted Assets as of December 31, 2023.

13.

The Company has no securities lending agreements, repurchase agreements, or reverse repurchase agreements as of December 31, 2023.

53

14.

The amounts and percentages of Total Admitted Assets for warrants not attached to other financial instruments, options, caps, and floors as of December 31, 2023, are as follows:

			Percentage
			of Total
	(In Thousands)		Admitted Assets
Owned:
Hedging	$	2,256		0.0	%

15.

The amounts and percentages of Total Admitted Assets of potential exposure for collars, swaps, and forwards as of December 31, 2023 and each of the preceding three quarters are as follows ($ In Thousands):

			Percentage
	December 31,		of Total			As of Each Quarter End
	2023		Admitted Assets			1st Quarter		2nd Quarter		3rd Quarter
Hedging	$	4,632		0.1	%	$	5,370	$	5,112	$	5,042

16.

The amounts and percentages of Total Admitted Assets of potential exposure for futures contracts as of December 31, 2023 and each of the preceding three quarters are as follows ($ In Thousands):

			Percentage
	December 31,		of Total			As of Each Quarter End
	2023		Admitted Assets			1st Quarter		2nd Quarter		3rd Quarter
Hedging	$	6,734		0.1	%	$	9,706	$	8,044	$	7,814

54

Pacific Life & Annuity Company

SUPPLEMENTAL SCHEDULE OF REINSURANCE DISCLOSURES DECEMBER 31, 2023

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

1.

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

2.

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

3.

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

a.

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

b.

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

c.

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

4.

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

5.

The Company has not ceded any risk, which is not subject to Appendix A-791 and not yearly renewable term reinsurance, under any reinsurance contract (or multiple contracts with the same reinsurer or its affiliates) during the year ended December 31, 2023 and are accounted for the contract as reinsurance under SAP and as a deposit under GAAP.

6.

The Company has not ceded any risk, which is not subject to Appendix A-791 and not yearly renewable term reinsurance, under any reinsurance contract (or multiple contracts with the same reinsurer or its affiliates) during the year ended December 31, 2023 and accounted for the contract as reinsurance under GAAP and as a deposit under SAP.

55

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

On: Tuesday, 4/9/24, at 1:38pm ET · Effective: 4/9/24 · For: 12/31/23 · Accession #: 1104659-24-45155 · File #: 811-09203

Previous ‘N-VPFS’: ‘N-VPFS/A’ on 4/12/23 for 12/31/22 · Latest ‘N-VPFS’: This Filing · 30 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

30 Subsequent Filings that Reference this Filing

This ‘N-VPFS’ Filing	Date	Other Filings

	1/1/26
	12/31/25
	1/1/25
	12/31/24
Filed on / Effective on:	4/9/24
	3/29/24	497, 497VPI, 497VPU
	2/28/24
For Period end:	12/31/23	24F-2NT, N-CEN
	12/8/23
	12/1/23
	9/30/23
	8/30/23
	8/22/23
	7/25/23
	6/20/23
	6/16/23	497, 497VPI
	5/23/23
	5/15/23
	5/2/23
	4/25/23
	4/24/23
	4/13/23
	3/31/23
	2/13/23
	1/1/23
	12/31/22	24F-2NT, N-30B-2, N-CEN, N-VPFS, N-VPFS/A
	12/6/22
	10/24/22	EFFECT, N-4/A
	10/13/22
	8/25/22
	8/16/22	N-4/A
	7/1/22
	5/31/22
	4/18/22	485BPOS
	12/31/21	24F-2NT, N-30B-2, N-CEN
	12/20/21
	12/14/21
	6/14/21
	5/26/21
	1/1/21
	12/31/20	24F-2NT, N-30B-2, N-CEN
	6/1/20
	12/31/19	24F-2NT, N-30B-2, N-CEN
	1/1/18
	12/22/17
	12/31/13	24F-2NT, N-30D, NSAR-U
	12/31/12	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 & Annuity Co. – ‘N-VPFS’ for 12/31/23

On: Tuesday, 4/9/24, at 1:38pm ET · Effective: 4/9/24 · For: 12/31/23 · Accession #: 1104659-24-45155 · File #: 811-09203

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

30 Subsequent Filings that Reference this Filing

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

Filing Table of Contents