FINANCIAL STATEMENTS

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Years Ended December 31, 2024 and 2023

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Financial Statements

Years Ended December 31, 2024 and 2023

Contents

Report of Independent Registered Public Accounting Firm	1
Financial Statements
Statements of Assets and Liabilities	11
Statements of Operations and Changes in Net Assets	21
Notes to Financial Statements	64

      Ernst & Young LLP 155 North Wacker Drive Chicago, IL 60606-1787   Tel: +1 312 879 2000 Fax: +1 312 879 4000 ey.com  

 

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Transamerica Life Insurance Company and

Contract Owners of Retirement Builder Variable Annuity

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the subaccounts listed in the table below that comprise Retirement Builder Variable Annuity (the Separate Account), as of December 31, 2024, the related statements of operations and changes in net assets for each of the periods indicated in the table below, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each subaccount as of December 31, 2024, the results of its operations and changes in its net assets for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

Subaccounts
AB Large Cap Growth Class B Shares (1)	Invesco V.I. Government Securities Series II Shares (1)
AB Relative Value Class B Shares (1)	Invesco V.I. Main Street Series I Shares (1)
AB Sustainable Global Thematic Growth Class B Shares (1)	Invesco V.I. Main Street Series II Shares (1)
Allspring VT Discovery All Cap Growth Class 1 Shares (1)	Invesco V.I. Main Street Mid Cap Series II Shares (1)
Allspring VT Discovery All Cap Growth Class 2 Shares (1)	Invesco V.I. Main Street Small Cap Series II Shares (1)
Allspring VT Opportunity Class 1 Shares (1)	Janus Henderson - Balanced Service Shares (1)
Allspring VT Opportunity Class 2 Shares (1)	Janus Henderson - Enterprise Service Shares (1)
Allspring VT Small Cap Growth Class 1 Shares (1)	Janus Henderson - Forty Service Shares (1)
Allspring VT Small Cap Growth Class 2 Shares (1)	Janus Henderson - Global Research Service Shares (1)
BNY Mellon Stock Index Initial Shares (1)	Janus Henderson - Mid Cap Value Service Shares (1)
BNY Mellon Stock Index Service Shares (1)	Janus Henderson - Overseas Service Shares (1)

1

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BNY Mellon Sustainable U.S. Equity Initial Shares (1)	Janus Henderson - Research Service Shares (1)
BNY Mellon VIF Appreciation Initial Shares (1)	LVIP JPMorgan Core Bond Standard Shares (1)
BNY Mellon VIF Government Money Market (1)	LVIP JPMorgan Mid Cap Value Standard Shares (1)
BNY Mellon VIF Growth and Income Initial Shares (1)	LVIP JPMorgan U.S. Equity Standard Shares (1)
BNY Mellon VIF Opportunistic Small Cap Initial Shares (1)	MFS® Core Equity Initial Class (1)
Columbia - Dividend Opportunity Class 1 Shares (1)	MFS® Growth Initial Class (1)
Columbia - Income Opportunity Class 1 Shares (1)	MFS® Growth Service Class (1)
Columbia - Large Cap Growth Class 1 Shares (1)	MFS® Massachusetts Investors Growth Stock Initial Class (1)
Columbia - Overseas Core Class 2 Shares (1)	MFS® Massachusetts Investors Growth Stock Service Class (1)
Columbia - Select Mid Cap Growth Class 1 Shares (1)	MFS® New Discovery Initial Class (1)
Columbia - Select Mid Cap Value Class 1 Shares (1)	MFS® New Discovery Service Class (1)
Columbia - Small Cap Value Class 1 Shares (1)	MFS® Research Initial Class (1)
Columbia - Small Company Growth Class 1 Shares (1)	MFS® Research Service Class (1)
Columbia - Strategic Income Class 1 Shares (1)	MFS® Total Return Initial Class (1)
CTIVP® - Principal Blue Chip Growth Class 1 Shares (1)	MFS® Total Return Service Class (1)
Davis Equity (1)	MFS® Total Return Bond Initial Class (1)
Federated Hermes Government Money II Service Shares (1)	MFS® Total Return Bond Service Class (1)
Federated Hermes High Income Bond II Primary Shares (1)	MFS® Utilities Initial Class (1)
Federated Hermes Kaufmann II Primary Shares (1)	MFS® Utilities Service Class (1)
Federated Hermes Kaufmann II Service Shares (1)	Putnam VT Core Equity Class IB Shares (1)
Federated Hermes Managed Volatility II Primary Shares (1)	Putnam VT Diversified Income Class IB Shares (1)
Federated Hermes Managed Volatility II Service Shares (1)	Putnam VT Focused International Equity Class IB Shares (1)
Federated Hermes Quality Bond II Primary Shares (1)	Putnam VT George Putnam Balanced Class IB Shares (1)

2

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Fidelity® VIP Asset Manager Initial Class (1)	Putnam VT Global Health Care Class IB Shares (1)
Fidelity® VIP Asset Manager: Growth Initial Class (1)	Putnam VT Government Money Market Class IB Shares (1)
Fidelity® VIP Balanced Initial Class (1)	Putnam VT Income Class IB Shares (1)
Fidelity® VIP Balanced Service Class 2 (1)	Putnam VT International Equity Class IB Shares (1)
Fidelity® VIP Contrafund® Initial Class (1)	Putnam VT Large Cap Growth Class IB Shares (1)
Fidelity® VIP Contrafund® Service Class 2 (1)	Putnam VT Large Cap Value Class IB Shares (1)
Fidelity® VIP Equity-Income Initial Class (1)	Putnam VT Research Class IB Shares (1)
Fidelity® VIP Equity-Income Service Class 2 (1)	Putnam VT Sustainable Leaders Class IB Shares (1)
Fidelity® VIP Government Money Market Initial Class (1)	TA Aegon Bond Initial Class (1)
Fidelity® VIP Government Money Market Service Class 2 (1)	TA Aegon Bond Service Class (1)
Fidelity® VIP Growth Initial Class (1)	TA Aegon Core Bond Initial Class (1)
Fidelity® VIP Growth Service Class 2 (1)	TA Aegon High Yield Bond Initial Class (1)
Fidelity® VIP Growth & Income Initial Class (1)	TA Aegon High Yield Bond Service Class (1)
Fidelity® VIP Growth & Income Service Class 2 (1)	TA Aegon Sustainable Equity Income Initial Class (1)
Fidelity® VIP Growth Opportunities Initial Class (1)	TA Aegon Sustainable Equity Income Service Class (1)
Fidelity® VIP Growth Opportunities Service Class (1)	TA Aegon U.S. Government Securities Initial Class (1)
Fidelity® VIP Growth Opportunities Service Class 2 (1)	TA Aegon U.S. Government Securities Service Class (1)
Fidelity® VIP High Income Initial Class (1)	TA BlackRock Government Money Market Initial Class (1)
Fidelity® VIP High Income Service Class (1)	TA BlackRock Government Money Market Service Class (1)
Fidelity® VIP High Income Service Class 2 (1)	TA BlackRock iShares Edge 40 Initial Class (1)
Fidelity® VIP Index 500 Initial Class (1)	TA BlackRock iShares Edge 40 Service Class (1)
Fidelity® VIP Index 500 Service Class 2 (1)	TA BlackRock Real Estate Securities Initial Class (1)
Fidelity® VIP Investment Grade Bond Initial Class (1)	TA BlackRock Real Estate Securities Service Class (1)
Fidelity® VIP Investment Grade Bond Service Class 2 (1)	TA International Focus Initial Class (1)
Fidelity® VIP Mid Cap Initial Class (1)	TA International Focus Service Class (1)

3

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Fidelity® VIP Mid Cap Service Class 2 (1)	TA Janus Mid-Cap Growth Initial Class (1)
Fidelity® VIP Overseas Initial Class (1)	TA Janus Mid-Cap Growth Service Class (1)
Fidelity® VIP Value Strategies Service Class 2 (1)	TA JPMorgan Asset Allocation - Conservative Initial Class (1)
Franklin Income Class 2 Shares (1)	TA JPMorgan Asset Allocation - Conservative Service Class (1)
Franklin Mutual Shares Class 2 Shares (1)	TA JPMorgan Asset Allocation - Growth Initial Class (1)
Franklin Rising Dividends Class 2 Shares (1)	TA JPMorgan Asset Allocation - Growth Service Class (1)
Franklin Small Cap Value Class 2 Shares (1)	TA JPMorgan Asset Allocation - Moderate Initial Class (1)
Franklin Small-Mid Cap Growth Class 2 Shares (1)	TA JPMorgan Asset Allocation - Moderate Service Class (1)
Franklin Templeton Developing Markets Class 2 Shares (1)	TA JPMorgan Asset Allocation - Moderate Growth Initial Class (1)
Franklin Templeton Foreign Class 2 Shares (1)	TA JPMorgan Asset Allocation - Moderate Growth Service Class (1)
Invesco V.I. American Franchise Series I Shares (1)	TA JPMorgan Enhanced Index Initial Class (1)
Invesco V.I. American Franchise Series II Shares (1)	TA JPMorgan Enhanced Index Service Class (1)
Invesco V.I. American Value Series II Shares (1)	TA JPMorgan International Moderate Growth Initial Class (1)
Invesco V.I. Capital Appreciation Series I Shares (1)	TA JPMorgan International Moderate Growth Service Class (1)
Invesco V.I. Capital Appreciation Series II Shares (1)	TA JPMorgan Tactical Allocation Initial Class (1)
Invesco V.I. Comstock Series II Shares (1)	TA JPMorgan Tactical Allocation Service Class (1)
Invesco V.I. Core Equity Series II Shares (1)	TA Multi-Managed Balanced Initial Class (1)
Invesco V.I. Discovery Mid Cap Growth Series II Shares (1)	TA Multi-Managed Balanced Service Class (1)
Invesco V.I. Equity and Income Series I Shares (2)	TA Small/Mid Cap Value Initial Class (1)
Invesco V.I. Equity and Income Series II Shares (1)	TA T. Rowe Price Small Cap Initial Class (1)
Invesco V.I. EQV International Equity Series I Shares (1)	TA T. Rowe Price Small Cap Service Class (1)
Invesco V.I. EQV International Equity Series II Shares (1)	TA TSW International Equity Initial Class (1)
Invesco V.I. Global Series I Shares (1)	TA TSW International Equity Service Class (1)

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Invesco V.I. Global Series II Shares (1)	TA TSW Mid Cap Value Opportunities Initial Class (1)
Invesco V.I. Global Strategic Income Series I Shares (1)	TA WMC US Growth Initial Class (1)
Invesco V.I. Global Strategic Income Series II Shares (1)	TA WMC US Growth Service Class (1)
Invesco V.I. Government Securities Series I Shares (1)	Wanger Acorn (1)
(1) Statements of operations and changes in net assets for the year ended December 31, 2024 (2) Statements of operations and changes in net assets for the period April 26, 2024 (commencement of operations) through December 31, 2024

Basis for Opinion

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2024, by correspondence with the fund companies or their transfer agents, as applicable. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Ernst & Young LLP

We have served as the auditor of the Separate Account since 2024.

Chicago, IL

April 18, 2025

5

Report of Independent Registered Public Accounting Firm

TotheBoard of Directors ofTransamerica Life Insurance Company and the Contract Owners of Retirement Builder Variable Annuity Account

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the subaccounts of Retirement Builder Variable Annuity Account indicated in the table below as of December 31, 2023, and the related statements of operations and changes in net assets for each of the periods indicated in the table below, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the subaccounts of Retirement Builder Variable Annuity Account as of December 31, 2023, and the results of each of their operations and the changes in each of their net assets for the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

AB Large Cap Growth Class B Shares (1)	Invesco V.I. Global Strategic Income Series II Shares (1)
AB Relative Value Class B Shares (1)	Invesco V.I. Government Securities Series I Shares (1)
AB Sustainable Global Thematic Growth Class B Shares (1)	Invesco V.I. Government Securities Series II Shares (1)
Allspring VT Discovery All Cap Growth Class 1 Shares (1)	Invesco V.I. Main Street Series I Shares (1)
Allspring VT Discovery All Cap Growth Class 2 Shares (1)	Invesco V.I. Main Street Series II Shares (1)
Allspring VT International Equity Class 1 Shares (1)	Invesco V.I. Main Street Mid Cap Series II Shares (1)
Allspring VT International Equity Class 2 Shares (1)	Invesco V.I. Main Street Small Cap Series II Shares (1)
Allspring VT Opportunity Class 1 Shares (1)	Janus Henderson - Balanced Service Shares (1)
Allspring VT Opportunity Class 2 Shares (1)	Janus Henderson - Enterprise Service Shares (1)
Allspring VT Small Cap Growth Class 1 Shares (1)	Janus Henderson - Forty Service Shares (1)
Allspring VT Small Cap Growth Class 2 Shares (1)	Janus Henderson - Global Research Service Shares (1)
BNY Mellon Stock Index Initial Shares (1)	Janus Henderson - Mid Cap Value Service Shares (1)
BNY Mellon Stock Index Service Shares (1)	Janus Henderson - Overseas Service Shares (1)
BNY Mellon Sustainable U.S. Equity Initial Shares (1)	Janus Henderson - Research Service Shares (1)
BNY Mellon VIF Appreciation Initial Shares (1)	LVIP JPMorgan Core Bond Standard Shares (2)
BNY Mellon VIF Government Money Market (1)	LVIP JPMorgan Mid Cap Value Standard Shares (2)
BNY Mellon VIF Growth and Income Initial Shares (1)	LVIP JPMorgan U.S. Equity Standard Shares (2)
BNY Mellon VIF Opportunistic Small Cap Initial Shares (1)	MFS® Core Equity Initial Class (1)

6

Columbia - Dividend Opportunity Class 1 Shares (1)	MFS® Growth Initial Class (1)
Columbia - Income Opportunity Class 1 Shares (1)	MFS® Growth Service Class (1)
Columbia - Large Cap Growth Class 1 Shares (1)	MFS® Massachusetts Investors Growth Stock Initial Class (1)
Columbia - Overseas Core Class 2 Shares (1)	MFS® Massachusetts Investors Growth Stock Service Class (1)
Columbia - Select Mid Cap Growth Class 1 Shares (1)	MFS® New Discovery Initial Class (1)
Columbia - Select Mid Cap Value Class 1 Shares (1)	MFS® New Discovery Service Class (1)
Columbia - Small Cap Value Class 1 Shares (1)	MFS® Research Initial Class (1)
Columbia - Small Company Growth Class 1 Shares (1)	MFS® Research Service Class (1)
Columbia - Strategic Income Class 1 Shares (1)	MFS® Total Return Initial Class (1)
CTIVP® - Principal Blue Chip Growth Class 1 Shares (1)	MFS® Total Return Service Class (1)
Davis Value (1)	MFS® Total Return Bond Initial Class (1)
Federated Hermes Government Money II Service Shares (1)	MFS® Total Return Bond Service Class (1)
Federated Hermes High Income Bond II Primary Shares (1)	MFS® Utilities Initial Class (1)
Federated Hermes Kaufmann II Primary Shares (1)	MFS® Utilities Service Class (1)
Federated Hermes Kaufmann II Service Shares (1)	Putnam VT Core Equity Class IB Shares (1)
Federated Hermes Managed Volatility II Primary Shares (1)	Putnam VT Diversified Income Class IB Shares (1)
Federated Hermes Managed Volatility II Service Shares (1)	Putnam VT Focused International Equity Class IB Shares (1)
Federated Hermes Quality Bond II Primary Shares (1)	Putnam VT George Putnam Balanced Class IB Shares (1)
Fidelity® VIP Asset Manager Initial Class (1)	Putnam VT Global Health Care Class IB Shares (1)
Fidelity® VIP Asset Manager: Growth Initial Class (1)	Putnam VT Government Money Market Class IB Shares (1)
Fidelity® VIP Balanced Initial Class (1)	Putnam VT Income Class IB Shares (1)
Fidelity® VIP Balanced Service Class 2 (1)	Putnam VT International Equity Class IB Shares (1)
Fidelity® VIP Contrafund® Initial Class (1)	Putnam VT Large Cap Growth Class IB Shares (1)
Fidelity® VIP Contrafund® Service Class 2 (1)	Putnam VT Large Cap Value Class IB Shares (1)
Fidelity® VIP Equity-Income Initial Class (1)	Putnam VT Research Class IB Shares (1)
Fidelity® VIP Equity-Income Service Class 2 (1)	Putnam VT Sustainable Leaders Class IB Shares (1)
Fidelity® VIP Government Money Market Initial Class (1)	TA Aegon Bond Initial Class (1)
Fidelity® VIP Government Money Market Service Class 2 (1)	TA Aegon Bond Service Class (1)
Fidelity® VIP Growth Initial Class (1)	TA Aegon Core Bond Initial Class (1)
Fidelity® VIP Growth Service Class 2 (1)	TA Aegon High Yield Bond Initial Class (1)

7

Fidelity® VIP Growth & Income Initial Class (1)	TA Aegon High Yield Bond Service Class (1)
Fidelity® VIP Growth & Income Service Class 2 (1)	TA Aegon Sustainable Equity Income Initial Class (1)
Fidelity® VIP Growth Opportunities Initial Class (1)	TA Aegon Sustainable Equity Income Service Class (1)
Fidelity® VIP Growth Opportunities Service Class (1)	TA Aegon U.S. Government Securities Initial Class (1)
Fidelity® VIP Growth Opportunities Service Class 2 (1)	TA Aegon U.S. Government Securities Service Class (1)
Fidelity® VIP High Income Initial Class (1)	TA BlackRock Government Money Market Initial Class (1)
Fidelity® VIP High Income Service Class (1)	TA BlackRock Government Money Market Service Class (1)
Fidelity® VIP High Income Service Class 2 (1)	TA BlackRock iShares Edge 40 Initial Class (1)
Fidelity® VIP Index 500 Initial Class (1)	TA BlackRock iShares Edge 40 Service Class (1)
Fidelity® VIP Index 500 Service Class 2 (1)	TA BlackRock Real Estate Securities Initial Class (1)
Fidelity® VIP Investment Grade Bond Initial Class (1)	TA BlackRock Real Estate Securities Service Class (1)
Fidelity® VIP Investment Grade Bond Service Class 2 (1)	TA International Focus Initial Class (1)
Fidelity® VIP Mid Cap Initial Class (1)	TA International Focus Service Class (1)
Fidelity® VIP Mid Cap Service Class 2 (1)	TA Janus Mid-Cap Growth Initial Class (1)
Fidelity® VIP Overseas Initial Class (1)	TA Janus Mid-Cap Growth Service Class (1)
Fidelity® VIP Value Strategies Service Class 2 (1)	TA JPMorgan Asset Allocation - Conservative Initial Class (1)
Franklin Income Class 2 Shares (1)	TA JPMorgan Asset Allocation - Conservative Service Class (1)
Franklin Mutual Shares Class 2 Shares (1)	TA JPMorgan Asset Allocation - Growth Initial Class (1)
Franklin Rising Dividends Class 2 Shares (1)	TA JPMorgan Asset Allocation - Growth Service Class (1)
Franklin Small Cap Value Class 2 Shares (1)	TA JPMorgan Asset Allocation - Moderate Initial Class (1)
Franklin Small-Mid Cap Growth Class 2 Shares (1)	TA JPMorgan Asset Allocation - Moderate Service Class (1)
Franklin Templeton Developing Markets Class 2 Shares (1)	TA JPMorgan Asset Allocation - Moderate Growth Initial Class (1)
Franklin Templeton Foreign Class 2 Shares (1)	TA JPMorgan Asset Allocation - Moderate Growth Service Class (1)
Invesco V.I. American Franchise Series I Shares (1)	TA JPMorgan Enhanced Index Initial Class (1)
Invesco V.I. American Franchise Series II Shares (1)	TA JPMorgan Enhanced Index Service Class (1)
Invesco V.I. American Value Series II Shares (1)	TA JPMorgan International Moderate Growth Initial Class (1)
Invesco V.I. Capital Appreciation Series I Shares (1)	TA JPMorgan International Moderate Growth Service Class (1)

8

Invesco V.I. Capital Appreciation Series II Shares (1)	TA JPMorgan Mid Cap Value Initial Class (1)
Invesco V.I. Comstock Series II Shares (1)	TA JPMorgan Tactical Allocation Initial Class (1)
Invesco V.I. Conservative Balanced Series I Shares (1)	TA JPMorgan Tactical Allocation Service Class (1)
Invesco V.I. Conservative Balanced Series II Shares (1)	TA Multi-Managed Balanced Initial Class (1)
Invesco V.I. Core Equity Series I Shares (1)	TA Multi-Managed Balanced Service Class (1)
Invesco V.I. Core Equity Series II Shares (1)	TA Small/Mid Cap Value Initial Class (1)
Invesco V.I. Discovery Mid Cap Growth Series II Shares (1)	TA T. Rowe Price Small Cap Initial Class (1)
Invesco V.I. Equity and Income Series II Shares (1)	TA T. Rowe Price Small Cap Service Class (1)
Invesco V.I. EQV International Equity Series I Shares (1)	TA TS&W International Equity Initial Class (1)
Invesco V.I. EQV International Equity Series II Shares (1)	TA TS&W International Equity Service Class (1)
Invesco V.I. Global Series I Shares (1)	TA WMC US Growth Initial Class (1)
Invesco V.I. Global Series II Shares (1)	TA WMC US Growth Service Class (1)
Invesco V.I. Global Strategic Income Series I Shares (1)	Wanger Acorn (1)

	(1)	Statements of operations and changes in net assets for the years ended December 31, 2023 and 2022
	(2)	Statements of operations and changes in net assets for the period April 28, 2023 (commencement of operations) through December 31, 2023

Basis for Opinions

These financial statements are the responsibility of the Transamerica Life Insurance Company management. Our responsibility is to express an opinion on the financial statements of each of the subaccounts of Retirement Builder Variable Annuity Account 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 each of the subaccounts of Retirement Builder Variable Annuity 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 of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. 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.

9

Our procedures included confirmation of investments owned as of December 31, 2023 by correspondence with the custodian, the transfer agents, or the investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Chicago, Illinois

April 19, 2024

We have served as the auditor of one or more of the subaccounts of Retirement Builder Variable Annuity Account since 2014.

10

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
AB Large Cap Growth Class B Shares		35,299.232	$	2,080,217	$	2,814,055	$	(66)	$	2,813,989		652,827	$	3.793166	$	33.710392
AB Relative Value Class B Shares		65,803.722		1,861,519		2,031,361		(31)		2,031,330		591,485		3.207426		19.510738
AB Sustainable Global Thematic Growth Class B Shares		22,604.765		640,509		741,436		(10)		741,426		446,398		1.074630		19.851788
Allspring VT Discovery All Cap Growth Class 1 Shares		42,332.751		1,187,734		1,238,233		2		1,238,235		189,253		3.550959		7.177857
Allspring VT Discovery All Cap Growth Class 2 Shares		6,352.263		173,956		174,497		10		174,507		21,546		7.206567		24.945507
Allspring VT Opportunity Class 1 Shares		57,686.616		1,432,286		1,547,732		7		1,547,739		373,681		3.629263		4.275323
Allspring VT Opportunity Class 2 Shares		2,419.725		60,361		64,994		3		64,997		16,226		3.746415		20.607719
Allspring VT Small Cap Growth Class 1 Shares		75,731.101		786,524		756,554		13		756,567		208,750		2.473353		3.870314
Allspring VT Small Cap Growth Class 2 Shares		9,515.885		95,192		88,783		(2)		88,781		24,847		3.219023		17.732725
BNY Mellon Stock Index Initial Shares		23,026.944		1,300,917		1,836,629		(35)		1,836,594		296,093		5.224917		6.337952
BNY Mellon Stock Index Service Shares		344.379		21,227		27,547		-		27,547		6,509		4.232188		5.627297
BNY Mellon Sustainable U.S. Equity Initial Shares		3,869.119		150,054		214,775		31		214,806		74,033		2.901490		22.321271
BNY Mellon VIF Appreciation Initial Shares		55,768.431		2,027,517		2,034,990		(11)		2,034,979		346,755		5.373471		22.817835
BNY Mellon VIF Government Money Market		598,554.240		598,554		598,554		(54)		598,500		537,158		0.749589		1.154436
BNY Mellon VIF Growth and Income Initial Shares		36,546.337		1,165,910		1,369,757		(31)		1,369,726		242,144		5.656557		24.440610
BNY Mellon VIF Opportunistic Small Cap Initial Shares		29,824.136		1,363,330		1,299,139		(13)		1,299,126		451,918		2.866475		13.016672
Columbia - Dividend Opportunity Class 1 Shares		17,603.645		326,075		797,269		(10)		797,259		285,994		2.400528		16.747829
Columbia - Income Opportunity Class 1 Shares		158,298.942		1,103,927		1,005,198		24		1,005,222		726,583		1.220889		1.441936
Columbia - Large Cap Growth Class 1 Shares		88,187.873		1,245,402		4,317,678		58		4,317,736		1,248,876		3.161500		3.577456
Columbia - Overseas Core Class 2 Shares		93,081.148		1,197,753		1,217,501		(9)		1,217,492		896,483		1.244829		1.408672
Columbia - Select Mid Cap Growth Class 1 Shares		21,395.367		371,908		1,201,350		(13)		1,201,337		377,179		2.818346		3.328849
Columbia - Select Mid Cap Value Class 1 Shares		4,515.149		78,708		187,198		4		187,202		61,419		2.630788		16.842298
Columbia - Small Cap Value Class 1 Shares		59,723.148		782,926		802,082		(28)		802,054		162,869		1.916150		15.702206
Columbia - Small Company Growth Class 1 Shares		1,789.936		24,480		25,292		4		25,296		4,709		3.544064		24.372285
Columbia - Strategic Income Class 1 Shares		144,629.320		572,829		535,128		1		535,129		251,308		1.777958		10.628076
CTIVP® - Principal Blue Chip Growth Class 1 Shares		50,879.245		1,198,787		3,645,498		29		3,645,527		1,186,567		2.787135		3.153871
Davis Equity		454,922.531		3,028,313		2,643,100		(38)		2,643,062		696,850		3.283717		5.228352
Federated Hermes Government Money II Service Shares		2,248,594.030		2,248,594		2,248,594		(91)		2,248,503		2,266,767		0.866972		9.399029
Federated Hermes High Income Bond II Primary Shares		264,396.262		1,565,915		1,501,771		27		1,501,798		520,071		1.426164		11.283821
Federated Hermes Kaufmann II Primary Shares		74,833.828		1,380,912		1,469,736		14		1,469,750		263,993		3.284938		17.992820
Federated Hermes Kaufmann II Service Shares		53,560.577		922,596		950,165		(3)		950,162		219,241		3.698944		17.443744
Federated Hermes Managed Volatility II Primary Shares		63,491.051		614,967		646,974		(5)		646,969		265,979		2.053732		13.716800
Federated Hermes Managed Volatility II Service Shares		26,710.417		267,935		278,055		(1)		278,054		212,186		1.247897		13.080590
Federated Hermes Quality Bond II Primary Shares		9,192.357		98,672		93,946		9		93,955		55,793		1.420072		9.891397
Fidelity® VIP Asset Manager Initial Class		44,597.733		667,073		733,633		24		733,657		213,277		1.354394		13.786053
Fidelity® VIP Asset Manager: Growth Initial Class		15,433.780		293,842		355,440		(12)		355,428		92,445		1.365137		3.916538
Fidelity® VIP Balanced Initial Class		93,114.795		1,868,627		2,291,555		(20)		2,291,535		427,469		2.172948		5.497292
Fidelity® VIP Balanced Service Class 2		12,700.049		259,744		300,864		(4)		300,860		80,379		3.230670		18.565390
Fidelity® VIP Contrafund® Initial Class		175,765.617		6,932,550		10,183,860		(16)		10,183,844		795,067		4.079359		13.239085
Fidelity® VIP Contrafund® Service Class 2		208,407.097		8,929,094		11,566,594		58		11,566,652		1,954,247		4.068442		28.901287
Fidelity® VIP Equity-Income Initial Class		131,927.249		2,993,996		3,507,946		7		3,507,953		612,723		2.153790		17.311593
Fidelity® VIP Equity-Income Service Class 2		214,040.477		4,737,080		5,458,032		57		5,458,089		1,490,970		2.658451		18.717716

See accompanying notes. 11

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

 

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
Fidelity® VIP Government Money Market Initial Class		632,534.140	$	632,534	$	632,534	$	(21)	$	632,513		486,710	$	0.625094	$	9.608277
Fidelity® VIP Government Money Market Service Class 2		184,178.650		184,179		184,179		(11)		184,168		173,509		0.864056		1.089206
Fidelity® VIP Growth Initial Class		79,516.804		6,706,257		7,708,359		(24)		7,708,335		692,723		3.109784		11.656763
Fidelity® VIP Growth Service Class 2		32,823.839		2,605,659		3,044,083		(10)		3,044,073		572,025		4.419592		37.766648
Fidelity® VIP Growth & Income Initial Class		97,365.690		2,177,558		2,974,522		8		2,974,530		433,856		2.340497		7.312101
Fidelity® VIP Growth & Income Service Class 2		15,034.104		324,332		442,454		24		442,478		108,014		3.717616		20.602103
Fidelity® VIP Growth Opportunities Initial Class		45,042.572		2,073,451		3,738,533		23		3,738,556		376,752		3.571304		10.220979
Fidelity® VIP Growth Opportunities Service Class		24,915.311		1,335,515		2,056,011		39		2,056,050		215,109		8.317552		10.845724
Fidelity® VIP Growth Opportunities Service Class 2		12,069.679		491,338		969,799		49		969,848		128,955		5.529292		40.098710
Fidelity® VIP High Income Initial Class		145,902.546		750,117		688,660		(7)		688,653		298,498		1.096043		11.217353
Fidelity® VIP High Income Service Class		102,499.339		520,500		479,697		3		479,700		191,561		1.173158		2.739520
Fidelity® VIP High Income Service Class 2		41,842.681		205,396		187,037		20		187,057		88,007		1.905010		10.999101
Fidelity® VIP Index 500 Initial Class		32,289.403		8,515,715		18,389,461		191		18,389,652		2,240,125		2.612702		24.269552
Fidelity® VIP Index 500 Service Class 2		2,080.359		664,148		1,167,560		97		1,167,657		171,675		4.959530		23.788157
Fidelity® VIP Investment Grade Bond Initial Class		245,456.204		3,126,915		2,695,109		1		2,695,110		1,351,263		0.991811		9.599963
Fidelity® VIP Investment Grade Bond Service Class 2		39,680.700		492,527		421,409		6		421,415		240,230		1.118619		9.412884
Fidelity® VIP Mid Cap Initial Class		98,951.944		3,515,535		3,716,635		(4)		3,716,631		321,291		3.184593		12.676627
Fidelity® VIP Mid Cap Service Class 2		166,332.160		5,729,970		5,901,465		(29)		5,901,436		943,334		2.535028		19.111088
Fidelity® VIP Overseas Initial Class		30,204.221		637,881		769,302		(4)		769,298		254,081		1.121015		15.491748
Fidelity® VIP Value Strategies Service Class 2		152,564.531		2,190,561		2,399,840		(44)		2,399,796		513,312		3.051139		20.715688
Franklin Income Class 2 Shares		9,225.693		136,390		132,481		(7)		132,474		65,588		1.907467		14.257493
Franklin Mutual Shares Class 2 Shares		183,228.586		3,024,580		3,003,117		(86)		3,003,031		979,667		1.852956		14.340596
Franklin Rising Dividends Class 2 Shares		52,370.504		1,363,634		1,470,564		(8)		1,470,556		274,519		2.263795		5.976155
Franklin Small Cap Value Class 2 Shares		66,198.698		930,057		947,965		17		947,982		163,082		2.733031		14.746448
Franklin Small-Mid Cap Growth Class 2 Shares		238,242.345		3,430,985		3,523,604		18		3,523,622		775,674		2.541094		19.465205
Franklin Templeton Developing Markets Class 2 Shares		55,260.720		466,747		466,953		(13)		466,940		171,407		0.924729		3.744835
Franklin Templeton Foreign Class 2 Shares		97,870.698		1,334,727		1,346,701		11		1,346,712		778,074		1.101821		11.428542
Invesco V.I. American Franchise Series I Shares		30,145.367		1,727,625		2,397,461		(1)		2,397,460		511,692		4.334623		28.299211
Invesco V.I. American Franchise Series II Shares		4,735.125		234,779		339,035		(29)		339,006		74,396		3.796498		30.611258
Invesco V.I. American Value Series II Shares		22,952.800		351,905		397,772		1		397,773		27,261		13.852899		14.943680
Invesco V.I. Capital Appreciation Series I Shares		124,617.075		5,626,160		7,869,568		(125)		7,869,443		1,173,232		4.562475		27.811809
Invesco V.I. Capital Appreciation Series II Shares		9,751.283		445,247		582,542		(21)		582,521		108,873		3.835049		27.258387
Invesco V.I. Comstock Series II Shares		50,378.372		874,316		1,038,298		10		1,038,308		247,750		3.527155		17.670083
Invesco V.I. Core Equity Series II Shares		34,343.754		1,011,835		1,146,738		(35)		1,146,703		322,147		1.947145		18.880770
Invesco V.I. Discovery Mid Cap Growth Series II Shares		1,889.484		123,654		126,463		2		126,465		7,830		15.252290		16.302873
Invesco V.I. Equity and Income Series I Shares		52,195.984		903,445		911,342		(3)		911,339		858,621		1.053780		1.062687
Invesco V.I. Equity and Income Series II Shares		139,249.939		2,332,245		2,413,201		28		2,413,229		715,900		2.126302		14.369664
Invesco V.I. EQV International Equity Series I Shares		10,444.542		361,735		350,101		(5)		350,096		133,153		1.387113		2.935733
Invesco V.I. EQV International Equity Series II Shares		1,609.270		55,796		52,929		(1)		52,928		14,430		3.078862		12.718805
Invesco V.I. Global Series I Shares		52,963.664		2,032,609		2,118,017		39		2,118,056		291,516		2.341527		8.689048
Invesco V.I. Global Series II Shares		1,040.579		36,462		40,229		(12)		40,217		8,554		4.014332		19.410467
Invesco V.I. Global Strategic Income Series I Shares		215,806.719		1,041,880		925,811		(2)		925,809		454,068		0.951438		9.207776

See accompanying notes. 12

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

 

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
Invesco V.I. Global Strategic Income Series II Shares		71,356.956	$	360,153	$	315,398	$	-	$	315,398		199,485	$	0.897908	$	9.023816
Invesco V.I. Government Securities Series I Shares		20,233.919		235,373		206,993		11		207,004		136,235		0.945276		1.542269
Invesco V.I. Government Securities Series II Shares		21,747.622		247,631		220,521		(7)		220,514		188,126		0.851024		1.298608
Invesco V.I. Main Street Series I Shares		172,516.141		3,525,076		3,521,054		(10)		3,521,044		689,568		2.941096		5.579545
Invesco V.I. Main Street Series II Shares		29,616.205		605,128		586,697		5		586,702		110,961		3.686729		20.021647
Invesco V.I. Main Street Mid Cap Series II Shares		23,320.686		240,802		249,298		(13)		249,285		66,313		2.922888		15.778690
Invesco V.I. Main Street Small Cap Series II Shares		1,705.270		42,596		48,583		-		48,583		7,191		4.685194		16.807871
Janus Henderson - Balanced Service Shares		50,995.416		1,815,505		2,773,641		(14)		2,773,627		731,157		3.793450		17.189405
Janus Henderson - Enterprise Service Shares		19,190.216		1,210,715		1,433,893		(8)		1,433,885		473,342		2.723963		24.052202
Janus Henderson - Forty Service Shares		4,415.212		168,174		225,441		9		225,450		43,334		5.202671		29.609408
Janus Henderson - Global Research Service Shares		20,966.694		863,447		1,467,040		25		1,467,065		702,827		1.904739		24.015695
Janus Henderson - Mid Cap Value Service Shares		6,789.343		104,961		120,036		(10)		120,026		36,534		2.217474		13.919540
Janus Henderson - Overseas Service Shares		21,806.879		659,372		910,873		10		910,883		508,783		1.746767		16.104323
Janus Henderson - Research Service Shares		16,900.812		590,918		953,882		(32)		953,850		284,390		3.353936		29.077286
LVIP JPMorgan Core Bond Standard Shares		189,592.611		1,859,474		1,821,985		(1)		1,821,984		1,167,945		1.252772		2.008251
LVIP JPMorgan Mid Cap Value Standard Shares		88,763.393		844,197		865,088		-		865,088		162,005		3.784109		7.330857
LVIP JPMorgan U.S. Equity Standard Shares		32,081.196		1,098,569		1,427,357		(3)		1,427,354		312,867		4.116768		5.612169
MFS® Core Equity Initial Class		1,092.685		27,554		34,540		(3)		34,537		12,418		2.756627		23.630055
MFS® Growth Initial Class		68,948.679		3,965,864		5,054,628		(68)		5,054,560		604,818		7.162465		29.934624
MFS® Growth Service Class		19,444.961		977,954		1,304,368		61		1,304,429		142,618		5.755062		29.335752
MFS® Massachusetts Investors Growth Stock Initial Class		2,695.784		54,748		64,564		(2)		64,562		21,520		2.980829		26.444316
MFS® Massachusetts Investors Growth Stock Service Class		51,292.340		1,109,385		1,196,650		7		1,196,657		393,935		2.746108		25.743968
MFS® New Discovery Initial Class		22,373.205		369,635		308,974		(13)		308,961		93,018		3.254022		18.247318
MFS® New Discovery Service Class		30,086.099		432,383		323,426		1		323,427		64,512		2.571014		19.748948
MFS® Research Initial Class		45,242.451		1,312,784		1,610,179		(36)		1,610,143		286,164		4.204002		22.286946
MFS® Research Service Class		31,992.024		929,211		1,113,642		(65)		1,113,577		185,963		4.106856		21.839503
MFS® Total Return Initial Class		216,504.967		5,032,366		5,038,071		27		5,038,098		1,500,570		1.991504		3.801075
MFS® Total Return Service Class		78,968.515		1,808,096		1,787,847		(7)		1,787,840		670,100		2.243707		15.208557
MFS® Total Return Bond Initial Class		10,311.698		135,499		118,585		(7)		118,578		59,552		1.971401		9.580577
MFS® Total Return Bond Service Class		73,185.967		924,019		824,806		-		824,806		546,678		1.279591		9.325069
MFS® Utilities Initial Class		125,414.520		3,902,854		4,291,685		4		4,291,689		696,763		2.988789		15.911374
MFS® Utilities Service Class		23,804.846		729,100		795,558		(11)		795,547		120,279		3.940710		15.596976
Putnam VT Core Equity Class IB Shares		15.089		252		338		15		353		84		4.066310		25.392070
Putnam VT Diversified Income Class IB Shares		45,556.401		251,295		210,471		1		210,472		116,170		0.927157		9.636759
Putnam VT Focused International Equity Class IB Shares		55,643.827		795,057		806,279		69		806,348		345,453		2.118726		3.503935
Putnam VT George Putnam Balanced Class IB Shares		50,987.627		520,749		803,565		(10)		803,555		260,100		1.918085		17.362257
Putnam VT Global Health Care Class IB Shares		12,382.941		193,934		194,165		1		194,166		50,688		1.877052		18.023317
Putnam VT Government Money Market Class IB Shares		2,141,911.471		2,141,911		2,141,911		(130)		2,141,781		2,144,153		0.784971		1.128297
Putnam VT Income Class IB Shares		17,571.212		189,890		140,921		4		140,925		78,757		1.730156		9.044409
Putnam VT International Equity Class IB Shares		2,849.184		38,020		43,849		(13)		43,836		24,611		1.754681		13.387697
Putnam VT Large Cap Growth Class IB Shares		46,110.764		506,224		793,105		47		793,152		204,927		3.000734		9.038420
Putnam VT Large Cap Value Class IB Shares		102,250.117		2,503,399		3,314,949		(35)		3,314,914		543,496		3.313944		22.707444

See accompanying notes. 13

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

 

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
Putnam VT Research Class IB Shares		5,193.660	$	117,600	$	225,197	$	(20)	$	225,177		42,219	$	4.770970	$	25.466715
Putnam VT Sustainable Leaders Class IB Shares		219.398		7,441		10,597		(21)		10,576		1,324		7.831204		26.726280
TA Aegon Bond Initial Class		607,185.348		6,615,924		5,756,117		18		5,756,135		3,812,005		0.871378		9.240157
TA Aegon Bond Service Class		276,407.215		3,039,913		2,595,464		37		2,595,501		1,732,616		0.945516		10.001938
TA Aegon Core Bond Initial Class		133,255.062		1,634,895		1,401,843		1		1,401,844		927,141		0.872792		1.704505
TA Aegon High Yield Bond Initial Class		354,716.849		2,556,289		2,475,924		9		2,475,933		961,235		1.268704		11.707072
TA Aegon High Yield Bond Service Class		38,691.267		291,481		276,256		10		276,266		112,526		2.149152		12.651549
TA Aegon Sustainable Equity Income Initial Class		507,461.554		9,688,009		10,616,096		151		10,616,247		3,847,274		1.925736		12.922967
TA Aegon Sustainable Equity Income Service Class		82,220.681		1,541,942		1,724,168		23		1,724,191		596,952		2.060903		13.969250
TA Aegon U.S. Government Securities Initial Class		216,482.019		2,052,518		1,909,371		(18)		1,909,353		1,555,899		1.035216		8.737876
TA Aegon U.S. Government Securities Service Class		157,983.975		1,619,392		1,451,873		(23)		1,451,850		1,164,255		1.041191		9.459872
TA BlackRock Government Money Market Initial Class		6,248,174.278		6,248,174		6,248,174		(830)		6,247,344		7,137,083		0.740392		9.620376
TA BlackRock Government Money Market Service Class		3,340,285.451		3,340,285		3,340,285		(180)		3,340,105		3,232,759		0.873884		10.350352
TA BlackRock iShares Edge 40 Initial Class		124,657.303		1,156,316		1,101,971		9		1,101,980		561,906		1.216697		11.541433
TA BlackRock iShares Edge 40 Service Class		27,240.556		252,819		238,900		5		238,905		132,712		1.419469		12.570903
TA BlackRock Real Estate Securities Initial Class		27,192.752		288,182		262,138		(1)		262,137		91,534		1.383482		10.813443
TA BlackRock Real Estate Securities Service Class		18,411.407		202,526		191,110		-		191,110		80,745		1.398384		11.716354
TA International Focus Initial Class		87,348.944		733,218		709,273		36		709,309		409,455		1.197266		10.172971
TA International Focus Service Class		87,733.765		711,678		693,974		(3)		693,971		274,929		1.621156		14.206610
TA Janus Mid-Cap Growth Initial Class		268,707.383		8,677,907		8,837,786		(59)		8,837,727		1,747,817		2.627911		21.947131
TA Janus Mid-Cap Growth Service Class		16,581.425		507,675		492,303		(21)		492,282		108,145		3.783241		23.741537
TA JPMorgan Asset Allocation - Conservative Initial Class		983,049.844		9,725,036		8,778,635		(21)		8,778,614		4,453,688		1.243524		11.454762
TA JPMorgan Asset Allocation - Conservative Service Class		1,391,322.334		13,606,682		12,243,637		72		12,243,709		6,422,502		1.186000		12.390905
TA JPMorgan Asset Allocation - Growth Initial Class		668,073.578		7,222,508		7,803,099		(6)		7,803,093		2,216,334		2.084420		18.603243
TA JPMorgan Asset Allocation - Growth Service Class		749,655.519		8,338,265		8,606,045		(6)		8,606,039		2,439,061		2.389773		18.235557
TA JPMorgan Asset Allocation - Moderate Initial Class		1,436,760.602		16,317,563		15,660,691		(79)		15,660,612		6,752,615		1.349332		12.807312
TA JPMorgan Asset Allocation - Moderate Service Class		3,207,761.069		35,293,547		34,290,966		522		34,291,488		14,729,337		1.802407		12.553321
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		2,352,843.238		26,794,723		26,022,446		(11)		26,022,435		9,317,060		1.586248		14.744045
TA JPMorgan Asset Allocation - Moderate Growth Service Class		7,245,784.019		80,556,239		78,326,925		87		78,327,012		29,328,596		2.051197		15.942711
TA JPMorgan Enhanced Index Initial Class		368,641.482		9,290,223		10,532,087		(48)		10,532,039		2,637,107		2.475876		20.237342
TA JPMorgan Enhanced Index Service Class		32,260.230		675,627		914,900		(7)		914,893		154,959		4.788078		26.479631
TA JPMorgan International Moderate Growth Initial Class		25,380.201		252,069		231,721		9		231,730		170,294		1.227098		12.054468
TA JPMorgan International Moderate Growth Service Class		550,817.102		5,134,971		4,973,878		14		4,973,892		3,566,235		1.171630		13.049409
TA JPMorgan Tactical Allocation Initial Class		39,099.473		542,835		487,570		(19)		487,551		265,951		1.134584		11.089932
TA JPMorgan Tactical Allocation Service Class		30,874.637		447,845		413,720		(6)		413,714		255,501		1.202104		10.811460
TA Multi-Managed Balanced Initial Class		163,154.755		2,554,233		2,708,369		(4)		2,708,365		686,111		2.368341		16.873722
TA Multi-Managed Balanced Service Class		1,045,567.246		15,497,526		16,791,810		(21)		16,791,789		4,715,262		3.198196		18.330183
TA Small/Mid Cap Value Initial Class		167,027.833		3,178,526		3,310,492		(7)		3,310,485		327,718		2.279769		21.013187
TA T. Rowe Price Small Cap Initial Class		143,021.854		1,718,518		1,773,471		(1)		1,773,470		390,677		2.927896		14.663990
TA T. Rowe Price Small Cap Service Class		69,882.922		762,560		740,060		18		740,078		139,391		4.208304		19.324071
TA TSW International Equity Initial Class		44,333.669		605,703		643,725		31		643,756		447,908		1.380436		10.416843
TA TSW International Equity Service Class		27,595.363		358,802		396,545		(15)		396,530		191,072		1.439006		13.805882

See accompanying notes. 14

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

 

Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values
TA TSW Mid Cap Value Opportunities Initial Class		94,824.415	$	1,401,370	$	1,237,459	$	10	$	1,237,469		295,064	$	2.521951	$	14.764617
TA WMC US Growth Initial Class		1,143,969.325		37,393,931		48,115,350		71		48,115,421		11,647,779		3.334703		30.493570
TA WMC US Growth Service Class		154,608.866		5,009,713		6,119,419		(8)		6,119,411		891,529		4.838437		32.981001
Wanger Acorn		66,980.744		986,117		1,019,447		(68)		1,019,379		236,258		3.548285		15.657252

See accompanying notes. 15

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Net Assets Representing: Accumulation Units		Net Assets  Representing: Contracts  in Payout (Annuitization) Period		Total Net Assets
AB Large Cap Growth Class B Shares	$	2,813,989	$	-	$	2,813,989
AB Relative Value Class B Shares		2,004,496		26,834		2,031,330
AB Sustainable Global Thematic Growth Class B Shares		673,391		68,035		741,426
Allspring VT Discovery All Cap Growth Class 1 Shares		1,202,110		36,125		1,238,235
Allspring VT Discovery All Cap Growth Class 2 Shares		174,507		-		174,507
Allspring VT Opportunity Class 1 Shares		1,447,110		100,629		1,547,739
Allspring VT Opportunity Class 2 Shares		64,997		-		64,997
Allspring VT Small Cap Growth Class 1 Shares		698,302		58,265		756,567
Allspring VT Small Cap Growth Class 2 Shares		88,781		-		88,781
BNY Mellon Stock Index Initial Shares		1,829,945		6,649		1,836,594
BNY Mellon Stock Index Service Shares		-		27,547		27,547
BNY Mellon Sustainable U.S. Equity Initial Shares		214,806		-		214,806
BNY Mellon VIF Appreciation Initial Shares		2,034,979		-		2,034,979
BNY Mellon VIF Government Money Market		586,975		11,525		598,500
BNY Mellon VIF Growth and Income Initial Shares		1,363,717		6,009		1,369,726
BNY Mellon VIF Opportunistic Small Cap Initial Shares		1,299,126		-		1,299,126
Columbia - Dividend Opportunity Class 1 Shares		749,697		47,562		797,259
Columbia - Income Opportunity Class 1 Shares		963,376		41,846		1,005,222
Columbia - Large Cap Growth Class 1 Shares		4,069,079		248,657		4,317,736
Columbia - Overseas Core Class 2 Shares		1,061,471		156,021		1,217,492
Columbia - Select Mid Cap Growth Class 1 Shares		1,130,554		70,783		1,201,337
Columbia - Select Mid Cap Value Class 1 Shares		171,285		15,917		187,202
Columbia - Small Cap Value Class 1 Shares		790,641		11,413		802,054
Columbia - Small Company Growth Class 1 Shares		17,932		7,364		25,296
Columbia - Strategic Income Class 1 Shares		526,607		8,522		535,129
CTIVP® - Principal Blue Chip Growth Class 1 Shares		3,483,021		162,506		3,645,527
Davis Equity		2,553,625		89,437		2,643,062
Federated Hermes Government Money II Service Shares		2,220,878		27,625		2,248,503
Federated Hermes High Income Bond II Primary Shares		1,484,970		16,828		1,501,798
Federated Hermes Kaufmann II Primary Shares		1,339,651		130,099		1,469,750
Federated Hermes Kaufmann II Service Shares		950,162		-		950,162
Federated Hermes Managed Volatility II Primary Shares		643,585		3,384		646,969
Federated Hermes Managed Volatility II Service Shares		278,054		-		278,054
Federated Hermes Quality Bond II Primary Shares		93,955		-		93,955
Fidelity® VIP Asset Manager Initial Class		709,509		24,148		733,657
Fidelity® VIP Asset Manager: Growth Initial Class		355,428		-		355,428
Fidelity® VIP Balanced Initial Class		2,267,966		23,569		2,291,535
Fidelity® VIP Balanced Service Class 2		300,860		-		300,860
Fidelity® VIP Contrafund® Initial Class		10,105,046		78,798		10,183,844
Fidelity® VIP Contrafund® Service Class 2		11,392,303		174,349		11,566,652
Fidelity® VIP Equity-Income Initial Class		3,430,091		77,862		3,507,953

See accompanying notes. 16

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Net Assets Representing: Accumulation Units		Net Assets  Representing: Contracts  in Payout (Annuitization) Period		Total Net Assets
Fidelity® VIP Equity-Income Service Class 2	$	5,401,284	$	56,805	$	5,458,089
Fidelity® VIP Government Money Market Initial Class		375,567		256,946		632,513
Fidelity® VIP Government Money Market Service Class 2		117,383		66,785		184,168
Fidelity® VIP Growth Initial Class		7,463,777		244,558		7,708,335
Fidelity® VIP Growth Service Class 2		2,986,688		57,385		3,044,073
Fidelity® VIP Growth & Income Initial Class		2,798,012		176,518		2,974,530
Fidelity® VIP Growth & Income Service Class 2		442,478		-		442,478
Fidelity® VIP Growth Opportunities Initial Class		3,738,556		-		3,738,556
Fidelity® VIP Growth Opportunities Service Class		1,970,412		85,638		2,056,050
Fidelity® VIP Growth Opportunities Service Class 2		969,848		-		969,848
Fidelity® VIP High Income Initial Class		670,772		17,881		688,653
Fidelity® VIP High Income Service Class		479,610		90		479,700
Fidelity® VIP High Income Service Class 2		181,163		5,894		187,057
Fidelity® VIP Index 500 Initial Class		17,322,467		1,067,185		18,389,652
Fidelity® VIP Index 500 Service Class 2		1,137,687		29,970		1,167,657
Fidelity® VIP Investment Grade Bond Initial Class		2,587,766		107,344		2,695,110
Fidelity® VIP Investment Grade Bond Service Class 2		416,065		5,350		421,415
Fidelity® VIP Mid Cap Initial Class		3,421,567		295,064		3,716,631
Fidelity® VIP Mid Cap Service Class 2		5,508,938		392,498		5,901,436
Fidelity® VIP Overseas Initial Class		749,525		19,773		769,298
Fidelity® VIP Value Strategies Service Class 2		2,293,032		106,764		2,399,796
Franklin Income Class 2 Shares		132,474		-		132,474
Franklin Mutual Shares Class 2 Shares		2,967,954		35,077		3,003,031
Franklin Rising Dividends Class 2 Shares		1,430,761		39,795		1,470,556
Franklin Small Cap Value Class 2 Shares		936,809		11,173		947,982
Franklin Small-Mid Cap Growth Class 2 Shares		3,343,411		180,211		3,523,622
Franklin Templeton Developing Markets Class 2 Shares		447,568		19,372		466,940
Franklin Templeton Foreign Class 2 Shares		1,325,355		21,357		1,346,712
Invesco V.I. American Franchise Series I Shares		2,397,460		-		2,397,460
Invesco V.I. American Franchise Series II Shares		335,976		3,030		339,006
Invesco V.I. American Value Series II Shares		397,773		-		397,773
Invesco V.I. Capital Appreciation Series I Shares		7,551,378		318,065		7,869,443
Invesco V.I. Capital Appreciation Series II Shares		543,654		38,867		582,521
Invesco V.I. Comstock Series II Shares		1,038,308		-		1,038,308
Invesco V.I. Core Equity Series II Shares		1,120,247		26,456		1,146,703
Invesco V.I. Discovery Mid Cap Growth Series II Shares		126,465		-		126,465
Invesco V.I. Equity and Income Series I Shares		834,684		76,655		911,339
Invesco V.I. Equity and Income Series II Shares		2,376,342		36,887		2,413,229
Invesco V.I. EQV International Equity Series I Shares		321,667		28,429		350,096
Invesco V.I. EQV International Equity Series II Shares		52,928		-		52,928
Invesco V.I. Global Series I Shares		1,849,111		268,945		2,118,056

See accompanying notes. 17

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Net Assets Representing: Accumulation Units			Net Assets  Representing: Contracts  in Payout (Annuitization) Period		Total Net Assets
Invesco V.I. Global Series II Shares	$	35,819		$	4,398	$	40,217
Invesco V.I. Global Strategic Income Series I Shares		923,758			2,051		925,809
Invesco V.I. Global Strategic Income Series II Shares		279,794			35,604		315,398
Invesco V.I. Government Securities Series I Shares		206,350			654		207,004
Invesco V.I. Government Securities Series II Shares		198,361			22,153		220,514
Invesco V.I. Main Street Series I Shares		3,243,823			277,221		3,521,044
Invesco V.I. Main Street Series II Shares		473,737			112,965		586,702
Invesco V.I. Main Street Mid Cap Series II Shares		249,285			-		249,285
Invesco V.I. Main Street Small Cap Series II Shares		38,947			9,636		48,583
Janus Henderson - Balanced Service Shares		2,765,502			8,125		2,773,627
Janus Henderson - Enterprise Service Shares		1,433,885			-		1,433,885
Janus Henderson - Forty Service Shares		225,450			-		225,450
Janus Henderson - Global Research Service Shares		1,467,065			-		1,467,065
Janus Henderson - Mid Cap Value Service Shares		115,572			4,454		120,026
Janus Henderson - Overseas Service Shares		910,297			586		910,883
Janus Henderson - Research Service Shares		953,850			-		953,850
LVIP JPMorgan Core Bond Standard Shares		(1	)		1,821,985		1,821,984
LVIP JPMorgan Mid Cap Value Standard Shares		-			865,088		865,088
LVIP JPMorgan U.S. Equity Standard Shares		-			1,427,354		1,427,354
MFS® Core Equity Initial Class		34,537			-		34,537
MFS® Growth Initial Class		4,307,396			747,164		5,054,560
MFS® Growth Service Class		1,304,429			-		1,304,429
MFS® Massachusetts Investors Growth Stock Initial Class		64,562			-		64,562
MFS® Massachusetts Investors Growth Stock Service Class		1,158,433			38,224		1,196,657
MFS® New Discovery Initial Class		150,370			158,591		308,961
MFS® New Discovery Service Class		320,739			2,688		323,427
MFS® Research Initial Class		1,515,261			94,882		1,610,143
MFS® Research Service Class		1,108,447			5,130		1,113,577
MFS® Total Return Initial Class		5,016,789			21,309		5,038,098
MFS® Total Return Service Class		1,756,795			31,045		1,787,840
MFS® Total Return Bond Initial Class		114,072			4,506		118,578
MFS® Total Return Bond Service Class		824,806			-		824,806
MFS® Utilities Initial Class		4,220,907			70,782		4,291,689
MFS® Utilities Service Class		762,920			32,627		795,547
Putnam VT Core Equity Class IB Shares		353			-		353
Putnam VT Diversified Income Class IB Shares		199,537			10,935		210,472
Putnam VT Focused International Equity Class IB Shares		768,033			38,315		806,348
Putnam VT George Putnam Balanced Class IB Shares		801,043			2,512		803,555
Putnam VT Global Health Care Class IB Shares		153,261			40,905		194,166
Putnam VT Government Money Market Class IB Shares		1,835,305			306,476		2,141,781
Putnam VT Income Class IB Shares		140,925			-		140,925

See accompanying notes. 18

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Net Assets Representing: Accumulation Units		Net Assets  Representing: Contracts  in Payout (Annuitization) Period		Total Net Assets
Putnam VT International Equity Class IB Shares	$	43,836	$	-	$	43,836
Putnam VT Large Cap Growth Class IB Shares		732,015		61,137		793,152
Putnam VT Large Cap Value Class IB Shares		3,225,447		89,467		3,314,914
Putnam VT Research Class IB Shares		225,177		-		225,177
Putnam VT Sustainable Leaders Class IB Shares		10,576		-		10,576
TA Aegon Bond Initial Class		5,519,434		236,701		5,756,135
TA Aegon Bond Service Class		2,594,775		726		2,595,501
TA Aegon Core Bond Initial Class		929,002		472,842		1,401,844
TA Aegon High Yield Bond Initial Class		2,250,039		225,894		2,475,933
TA Aegon High Yield Bond Service Class		276,266		-		276,266
TA Aegon Sustainable Equity Income Initial Class		9,817,713		798,534		10,616,247
TA Aegon Sustainable Equity Income Service Class		1,724,191		-		1,724,191
TA Aegon U.S. Government Securities Initial Class		1,301,332		608,021		1,909,353
TA Aegon U.S. Government Securities Service Class		1,451,850		-		1,451,850
TA BlackRock Government Money Market Initial Class		1,173,000		5,074,344		6,247,344
TA BlackRock Government Money Market Service Class		3,340,105		-		3,340,105
TA BlackRock iShares Edge 40 Initial Class		1,069,064		32,916		1,101,980
TA BlackRock iShares Edge 40 Service Class		238,905		-		238,905
TA BlackRock Real Estate Securities Initial Class		257,535		4,602		262,137
TA BlackRock Real Estate Securities Service Class		191,110		-		191,110
TA International Focus Initial Class		687,320		21,989		709,309
TA International Focus Service Class		693,971		-		693,971
TA Janus Mid-Cap Growth Initial Class		8,149,919		687,808		8,837,727
TA Janus Mid-Cap Growth Service Class		492,282		-		492,282
TA JPMorgan Asset Allocation - Conservative Initial Class		8,308,143		470,471		8,778,614
TA JPMorgan Asset Allocation - Conservative Service Class		12,065,448		178,261		12,243,709
TA JPMorgan Asset Allocation - Growth Initial Class		7,454,527		348,566		7,803,093
TA JPMorgan Asset Allocation - Growth Service Class		7,686,130		919,909		8,606,039
TA JPMorgan Asset Allocation - Moderate Initial Class		14,559,010		1,101,602		15,660,612
TA JPMorgan Asset Allocation - Moderate Service Class		32,891,054		1,400,434		34,291,488
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		25,408,782		613,653		26,022,435
TA JPMorgan Asset Allocation - Moderate Growth Service Class		76,367,438		1,959,574		78,327,012
TA JPMorgan Enhanced Index Initial Class		8,932,526		1,599,513		10,532,039
TA JPMorgan Enhanced Index Service Class		914,893		-		914,893
TA JPMorgan International Moderate Growth Initial Class		231,730		-		231,730
TA JPMorgan International Moderate Growth Service Class		4,952,151		21,741		4,973,892
TA JPMorgan Tactical Allocation Initial Class		463,590		23,961		487,551
TA JPMorgan Tactical Allocation Service Class		413,714		-		413,714
TA Multi-Managed Balanced Initial Class		2,620,640		87,725		2,708,365
TA Multi-Managed Balanced Service Class		16,791,789		-		16,791,789
TA Small/Mid Cap Value Initial Class		3,265,568		44,917		3,310,485

See accompanying notes. 19

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Assets and Liabilities

December 31, 2024

Subaccount	Net Assets Representing: Accumulation Units		Net Assets  Representing: Contracts  in Payout (Annuitization) Period		Total Net Assets
TA T. Rowe Price Small Cap Initial Class	$	1,640,035	$	133,435	$	1,773,470
TA T. Rowe Price Small Cap Service Class		740,078		-		740,078
TA TSW International Equity Initial Class		565,760		77,996		643,756
TA TSW International Equity Service Class		396,530		-		396,530
TA TSW Mid Cap Value Opportunities Initial Class		587,673		649,796		1,237,469
TA WMC US Growth Initial Class		46,194,517		1,920,904		48,115,421
TA WMC US Growth Service Class		6,110,993		8,418		6,119,411
Wanger Acorn		1,019,379		-		1,019,379

See accompanying notes. 20

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	AB Large Cap Growth Class B Shares Subaccount			AB Relative Value Class B Shares Subaccount			AB Sustainable Global Thematic Growth Class B Shares Subaccount			Allspring VT Discovery All Cap Growth Class 1 Shares Subaccount
Net Assets as of December 31, 2022:	$	2,132,627		$	2,158,785		$	724,909		$	945,784
Investment Income:
Reinvested Dividends		-			31,810			223			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		34,391			35,119			11,459			15,349
Net Investment Income (Loss)		(34,391	)		(3,309	)		(11,236	)		(15,349	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		176,614			200,934			48,055			105,393
Realized Gain (Loss) on Investments		106,376			(67,522	)		14,329			(10,455	)
Net Realized Capital Gains (Losses) on Investments		282,990			133,412			62,384			94,938
Net Change in Unrealized Appreciation (Depreciation)		433,365			66,304			47,764			209,604
Net Gain (Loss) on Investment		716,355			199,716			110,148			304,542
Net Increase (Decrease) in Net Assets Resulting from Operations		681,964			196,407			98,912			289,193
Increase (Decrease) in Net Assets from Contract Transactions		(157,865	)		(287,996	)		(35,129	)		(81,920	)
Total Increase (Decrease) in Net Assets		524,099			(91,589	)		63,783			207,273
Net Assets as of December 31, 2023:	$	2,656,726		$	2,067,196		$	788,692		$	1,153,057
Investment Income:
Reinvested Dividends		-			25,594			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		39,238			34,961			12,155			17,670
Net Investment Income (Loss)		(39,238	)		(9,367	)		(12,155	)		(17,670	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		120,295			72,015			2,431			54,640
Realized Gain (Loss) on Investments		203,026			25,130			34,380			15,980
Net Realized Capital Gains (Losses) on Investments		323,321			97,145			36,811			70,620
Net Change in Unrealized Appreciation (Depreciation)		275,955			147,332			11,742			161,674
Net Gain (Loss) on Investment		599,276			244,477			48,553			232,294
Net Increase (Decrease) in Net Assets Resulting from Operations		560,038			235,110			36,398			214,624
Increase (Decrease) in Net Assets from Contract Transactions		(402,775	)		(270,976	)		(83,664	)		(129,446	)
Total Increase (Decrease) in Net Assets		157,263			(35,866	)		(47,266	)		85,178
Net Assets as of December 31, 2024:	$	2,813,989		$	2,031,330		$	741,426		$	1,238,235

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 21

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	Allspring VT Discovery All Cap Growth Class 2 Shares Subaccount			Allspring VT Opportunity Class 1 Shares Subaccount			Allspring VT Opportunity Class 2 Shares Subaccount			Allspring VT Small Cap Growth Class 1 Shares Subaccount
Net Assets as of December 31, 2022:	$	168,817		$	1,310,221		$	94,309		$	1,237,821
Investment Income:
Reinvested Dividends		-			-			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,689			20,656			1,398			11,414
Net Investment Income (Loss)		(2,689	)		(20,656	)		(1,398	)		(11,414	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		19,831			121,460			8,632			-
Realized Gain (Loss) on Investments		(2,982	)		(2,763	)		(3,215	)		(90,414	)
Net Realized Capital Gains (Losses) on Investments		16,849			118,697			5,417			(90,414	)
Net Change in Unrealized Appreciation (Depreciation)		36,347			216,422			15,743			151,844
Net Gain (Loss) on Investment		53,196			335,119			21,160			61,430
Net Increase (Decrease) in Net Assets Resulting from Operations		50,507			314,463			19,762			50,016
Increase (Decrease) in Net Assets from Contract Transactions		(16,541	)		(154,580	)		(28,206	)		(576,164	)
Total Increase (Decrease) in Net Assets		33,966			159,883			(8,444	)		(526,148	)
Net Assets as of December 31, 2023:	$	202,783		$	1,470,104		$	85,865		$	711,673
Investment Income:
Reinvested Dividends		-			4,158			29			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,684			22,619			942			11,249
Net Investment Income (Loss)		(2,684	)		(18,461	)		(913	)		(11,249	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		8,068			150,784			6,082			-
Realized Gain (Loss) on Investments		5,913			18,099			565			(12,011	)
Net Realized Capital Gains (Losses) on Investments		13,981			168,883			6,647			(12,011	)
Net Change in Unrealized Appreciation (Depreciation)		21,214			41,991			1,970			140,061
Net Gain (Loss) on Investment		35,195			210,874			8,617			128,050
Net Increase (Decrease) in Net Assets Resulting from Operations		32,511			192,413			7,704			116,801
Increase (Decrease) in Net Assets from Contract Transactions		(60,787	)		(114,778	)		(28,572	)		(71,907	)
Total Increase (Decrease) in Net Assets		(28,276	)		77,635			(20,868	)		44,894
Net Assets as of December 31, 2024:	$	174,507		$	1,547,739		$	64,997		$	756,567

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 22

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	Allspring VT Small Cap Growth Class 2 Shares Subaccount			BNY Mellon Stock Index Initial Shares Subaccount			BNY Mellon Stock Index Service Shares Subaccount			BNY Mellon Sustainable U.S. Equity Initial Shares Subaccount
Net Assets as of December 31, 2022:	$	102,402		$	1,501,151		$	20,479		$	191,582
Investment Income:
Reinvested Dividends		-			23,498			249			1,518
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,300			21,799			531			2,875
Net Investment Income (Loss)		(1,300	)		1,699			(282	)		(1,357	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			59,973			786			24,368
Realized Gain (Loss) on Investments		(1,628	)		39,985			304			789
Net Realized Capital Gains (Losses) on Investments		(1,628	)		99,958			1,090			25,157
Net Change in Unrealized Appreciation (Depreciation)		5,708			257,270			3,560			18,175
Net Gain (Loss) on Investment		4,080			357,228			4,650			43,332
Net Increase (Decrease) in Net Assets Resulting from Operations		2,780			358,927			4,368			41,975
Increase (Decrease) in Net Assets from Contract Transactions		(3,980	)		(51,304	)		(2,121	)		(8,152	)
Total Increase (Decrease) in Net Assets		(1,200	)		307,623			2,247			33,823
Net Assets as of December 31, 2023:	$	101,202		$	1,808,774		$	22,726		$	225,405
Investment Income:
Reinvested Dividends		-			21,699			233			1,341
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,094			25,137			640			3,550
Net Investment Income (Loss)		(1,094	)		(3,438	)		(407	)		(2,209	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			125,070			1,531			1,596
Realized Gain (Loss) on Investments		(4,661	)		181,416			864			23,952
Net Realized Capital Gains (Losses) on Investments		(4,661	)		306,486			2,395			25,548
Net Change in Unrealized Appreciation (Depreciation)		19,278			85,041			2,842			29,002
Net Gain (Loss) on Investment		14,617			391,527			5,237			54,550
Net Increase (Decrease) in Net Assets Resulting from Operations		13,523			388,089			4,830			52,341
Increase (Decrease) in Net Assets from Contract Transactions		(25,944	)		(360,269	)		(9	)		(62,940	)
Total Increase (Decrease) in Net Assets		(12,421	)		27,820			4,821			(10,599	)
Net Assets as of December 31, 2024:	$	88,781		$	1,836,594		$	27,547		$	214,806

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 23

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	BNY Mellon VIF Appreciation Initial Shares Subaccount			BNY Mellon VIF Government Money Market Subaccount			BNY Mellon VIF Growth and Income Initial Shares Subaccount			BNY Mellon VIF Opportunistic Small Cap Initial Shares Subaccount
Net Assets as of December 31, 2022:	$	1,917,574		$	824,876		$	870,067		$	1,275,298
Investment Income:
Reinvested Dividends		14,421			36,251			6,314			4,262
Investment Expense:
Mortality and Expense Risk and Administrative Charges		28,024			10,823			13,310			17,791
Net Investment Income (Loss)		(13,603	)		25,428			(6,996	)		(13,529	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		172,944			-			102,718			28,723
Realized Gain (Loss) on Investments		(48,225	)		-			(1,116	)		22,267
Net Realized Capital Gains (Losses) on Investments		124,719			-			101,602			50,990
Net Change in Unrealized Appreciation (Depreciation)		246,382			-			118,129			62,319
Net Gain (Loss) on Investment		371,101			-			219,731			113,309
Net Increase (Decrease) in Net Assets Resulting from Operations		357,498			25,428			212,735			99,780
Increase (Decrease) in Net Assets from Contract Transactions		(135,586	)		(103,878	)		(31,143	)		(89,858	)
Total Increase (Decrease) in Net Assets		221,912			(78,450	)		181,592			9,922
Net Assets as of December 31, 2023:	$	2,139,486		$	746,426		$	1,051,659		$	1,285,220
Investment Income:
Reinvested Dividends		8,623			30,520			6,318			8,844
Investment Expense:
Mortality and Expense Risk and Administrative Charges		28,681			8,944			15,934			18,235
Net Investment Income (Loss)		(20,058	)		21,576			(9,616	)		(9,391	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		149,758			-			58,021			-
Realized Gain (Loss) on Investments		(35,943	)		-			35,369			6,156
Net Realized Capital Gains (Losses) on Investments		113,815			-			93,390			6,156
Net Change in Unrealized Appreciation (Depreciation)		122,476			-			117,027			43,839
Net Gain (Loss) on Investment		236,291			-			210,417			49,995
Net Increase (Decrease) in Net Assets Resulting from Operations		216,233			21,576			200,801			40,604
Increase (Decrease) in Net Assets from Contract Transactions		(320,740	)		(169,502	)		117,266			(26,698	)
Total Increase (Decrease) in Net Assets		(104,507	)		(147,926	)		318,067			13,906
Net Assets as of December 31, 2024:	$	2,034,979		$	598,500		$	1,369,726		$	1,299,126

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 24

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	Columbia - Dividend Opportunity Class 1 Shares Subaccount			Columbia - Income Opportunity Class 1 Shares Subaccount			Columbia - Large Cap Growth Class 1 Shares Subaccount			Columbia - Overseas Core Class 2 Shares Subaccount
Net Assets as of December 31, 2022:	$	816,353		$	1,084,860		$	3,057,565		$	1,187,323
Investment Income:
Reinvested Dividends		-			57,104			-			20,644
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,500			15,084			50,414			17,763
Net Investment Income (Loss)		(10,500	)		42,020			(50,414	)		2,881
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		41,570			(31,880	)		272,831			(9,819	)
Net Realized Capital Gains (Losses) on Investments		41,570			(31,880	)		272,831			(9,819	)
Net Change in Unrealized Appreciation (Depreciation)		(4,197	)		96,536			984,074			161,846
Net Gain (Loss) on Investment		37,373			64,656			1,256,905			152,027
Net Increase (Decrease) in Net Assets Resulting from Operations		26,873			106,676			1,206,491			154,908
Increase (Decrease) in Net Assets from Contract Transactions		(52,947	)		(42,649	)		(367,429	)		(97,370	)
Total Increase (Decrease) in Net Assets		(26,074	)		64,027			839,062			57,538
Net Assets as of December 31, 2023:	$	790,279		$	1,148,887		$	3,896,627		$	1,244,861
Investment Income:
Reinvested Dividends		-			58,442			-			52,571
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,825			15,045			61,265			18,554
Net Investment Income (Loss)		(10,825	)		43,397			(61,265	)		34,017
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		70,611			(68,561	)		571,779			(879	)
Net Realized Capital Gains (Losses) on Investments		70,611			(68,561	)		571,779			(879	)
Net Change in Unrealized Appreciation (Depreciation)		43,285			71,767			581,940			(11,315	)
Net Gain (Loss) on Investment		113,896			3,206			1,153,719			(12,194	)
Net Increase (Decrease) in Net Assets Resulting from Operations		103,071			46,603			1,092,454			21,823
Increase (Decrease) in Net Assets from Contract Transactions		(96,091	)		(190,268	)		(671,345	)		(49,192	)
Total Increase (Decrease) in Net Assets		6,980			(143,665	)		421,109			(27,369	)
Net Assets as of December 31, 2024:	$	797,259		$	1,005,222		$	4,317,736		$	1,217,492

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 25

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	Columbia - Select Mid Cap Growth Class 1 Shares Subaccount			Columbia - Select Mid Cap Value Class 1 Shares Subaccount			Columbia - Small Cap Value Class 1 Shares Subaccount			Columbia - Small Company Growth Class 1 Shares Subaccount
Net Assets as of December 31, 2022:	$	958,786		$	196,886		$	783,539		$	20,616
Investment Income:
Reinvested Dividends		-			-			5,935			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		14,839			2,971			9,903			345
Net Investment Income (Loss)		(14,839	)		(2,971	)		(3,968	)		(345	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			57,271			-
Realized Gain (Loss) on Investments		44,672			3,962			(66,929	)		(1,439	)
Net Realized Capital Gains (Losses) on Investments		44,672			3,962			(9,658	)		(1,439	)
Net Change in Unrealized Appreciation (Depreciation)		188,141			15,579			162,526			6,618
Net Gain (Loss) on Investment		232,813			19,541			152,868			5,179
Net Increase (Decrease) in Net Assets Resulting from Operations		217,974			16,570			148,900			4,834
Increase (Decrease) in Net Assets from Contract Transactions		(57,782	)		(4,039	)		(106,533	)		(2,404	)
Total Increase (Decrease) in Net Assets		160,192			12,531			42,367			2,430
Net Assets as of December 31, 2023:	$	1,118,978		$	209,417		$	825,906		$	23,046
Investment Income:
Reinvested Dividends		-			-			5,989			561
Investment Expense:
Mortality and Expense Risk and Administrative Charges		16,575			3,073			10,176			391
Net Investment Income (Loss)		(16,575	)		(3,073	)		(4,187	)		170
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			34,973			-
Realized Gain (Loss) on Investments		111,974			32,195			(17,334	)		(1,500	)
Net Realized Capital Gains (Losses) on Investments		111,974			32,195			17,639			(1,500	)
Net Change in Unrealized Appreciation (Depreciation)		132,890			(7,768	)		44,433			6,184
Net Gain (Loss) on Investment		244,864			24,427			62,072			4,684
Net Increase (Decrease) in Net Assets Resulting from Operations		228,289			21,354			57,885			4,854
Increase (Decrease) in Net Assets from Contract Transactions		(145,930	)		(43,569	)		(81,737	)		(2,604	)
Total Increase (Decrease) in Net Assets		82,359			(22,215	)		(23,852	)		2,250
Net Assets as of December 31, 2024:	$	1,201,337		$	187,202		$	802,054		$	25,296

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 26

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	Columbia - Strategic Income Class 1 Shares Subaccount			CTIVP® - Principal Blue Chip  Growth Class 1 Shares Subaccount			Davis Equity Subaccount			Federated Hermes Government Money II Service Shares Subaccount
Net Assets as of December 31, 2022:	$	522,656		$	2,541,607		$	2,656,898		$	3,053,007
Investment Income:
Reinvested Dividends		18,249			-			33,949			124,472
Investment Expense:
Mortality and Expense Risk and Administrative Charges		6,644			38,951			36,031			39,616
Net Investment Income (Loss)		11,605			(38,951	)		(2,082	)		84,856
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			271,194			-
Realized Gain (Loss) on Investments		(16,181	)		122,837			(336,952	)		-
Net Realized Capital Gains (Losses) on Investments		(16,181	)		122,837			(65,758	)		-
Net Change in Unrealized Appreciation (Depreciation)		45,739			849,450			776,680			-
Net Gain (Loss) on Investment		29,558			972,287			710,922			-
Net Increase (Decrease) in Net Assets Resulting from Operations		41,163			933,336			708,840			84,856
Increase (Decrease) in Net Assets from Contract Transactions		(21,766	)		(160,954	)		(569,169	)		(749,531	)
Total Increase (Decrease) in Net Assets		19,397			772,382			139,671			(664,675	)
Net Assets as of December 31, 2023:	$	542,053		$	3,313,989		$	2,796,569		$	2,388,332
Investment Income:
Reinvested Dividends		24,957			-			28,709			107,208
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,068			47,178			38,403			32,766
Net Investment Income (Loss)		17,889			(47,178	)		(9,694	)		74,442
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			534,709			-
Realized Gain (Loss) on Investments		(6,080	)		231,527			(164,522	)		-
Net Realized Capital Gains (Losses) on Investments		(6,080	)		231,527			370,187			-
Net Change in Unrealized Appreciation (Depreciation)		6,935			440,766			40,541			-
Net Gain (Loss) on Investment		855			672,293			410,728			-
Net Increase (Decrease) in Net Assets Resulting from Operations		18,744			625,115			401,034			74,442
Increase (Decrease) in Net Assets from Contract Transactions		(25,668	)		(293,577	)		(554,541	)		(214,271	)
Total Increase (Decrease) in Net Assets		(6,924	)		331,538			(153,507	)		(139,829	)
Net Assets as of December 31, 2024:	$	535,129		$	3,645,527		$	2,643,062		$	2,248,503

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 27

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	Federated Hermes High Income Bond II Primary Shares Subaccount			Federated Hermes Kaufmann II Primary Shares Subaccount			Federated Hermes Kaufmann II Service Shares Subaccount			Federated Hermes Managed Volatility II Primary Shares Subaccount
Net Assets as of December 31, 2022:	$	1,570,874		$	1,370,323		$	1,203,603		$	680,126
Investment Income:
Reinvested Dividends		91,836			-			-			12,701
Investment Expense:
Mortality and Expense Risk and Administrative Charges		22,117			20,684			13,082			9,019
Net Investment Income (Loss)		69,719			(20,684	)		(13,082	)		3,682
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(40,186	)		(21,733	)		(87,500	)		(9,473	)
Net Realized Capital Gains (Losses) on Investments		(40,186	)		(21,733	)		(87,500	)		(9,473	)
Net Change in Unrealized Appreciation (Depreciation)		136,404			219,410			224,638			53,516
Net Gain (Loss) on Investment		96,218			197,677			137,138			44,043
Net Increase (Decrease) in Net Assets Resulting from Operations		165,937			176,993			124,056			47,725
Increase (Decrease) in Net Assets from Contract Transactions		(156,010	)		(73,747	)		(362,803	)		(35,144	)
Total Increase (Decrease) in Net Assets		9,927			103,246			(238,747	)		12,581
Net Assets as of December 31, 2023:	$	1,580,801		$	1,473,569		$	964,856		$	692,707
Investment Income:
Reinvested Dividends		86,461			12,065			6,479			16,232
Investment Expense:
Mortality and Expense Risk and Administrative Charges		22,012			22,206			12,079			9,874
Net Investment Income (Loss)		64,449			(10,141	)		(5,600	)		6,358
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			39,814			30,215			-
Realized Gain (Loss) on Investments		(30,788	)		(1,919	)		(98	)		9,120
Net Realized Capital Gains (Losses) on Investments		(30,788	)		37,895			30,117			9,120
Net Change in Unrealized Appreciation (Depreciation)		38,432			180,113			115,999			79,725
Net Gain (Loss) on Investment		7,644			218,008			146,116			88,845
Net Increase (Decrease) in Net Assets Resulting from Operations		72,093			207,867			140,516			95,203
Increase (Decrease) in Net Assets from Contract Transactions		(151,096	)		(211,686	)		(155,210	)		(140,941	)
Total Increase (Decrease) in Net Assets		(79,003	)		(3,819	)		(14,694	)		(45,738	)
Net Assets as of December 31, 2024:	$	1,501,798		$	1,469,750		$	950,162		$	646,969

See Accompanying Notes.   ⁽¹⁾ See Footnote 1 28

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Federated Hermes Managed Volatility II Service Shares Subaccount			Federated Hermes Quality Bond II Primary Shares Subaccount			Fidelity® VIP Asset Manager Initial Class Subaccount			Fidelity® VIP Asset Manager: Growth Initial Class Subaccount
Net Assets as of December 31, 2022:	$	294,392		$	93,215		$	924,565		$	445,515
Investment Income:
Reinvested Dividends		4,472			2,464			19,148			7,853
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,415			1,260			11,845			5,915
Net Investment Income (Loss)		1,057			1,204			7,303			1,938
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			10,292			-
Realized Gain (Loss) on Investments		(11,019	)		(368	)		(22,828	)		20,928
Net Realized Capital Gains (Losses) on Investments		(11,019	)		(368	)		(12,536	)		20,928
Net Change in Unrealized Appreciation (Depreciation)		28,044			3,456			99,134			39,581
Net Gain (Loss) on Investment		17,025			3,088			86,598			60,509
Net Increase (Decrease) in Net Assets Resulting from Operations		18,082			4,292			93,901			62,447
Increase (Decrease) in Net Assets from Contract Transactions		(40,739	)		(2,279	)		(176,648	)		(52,355	)
Total Increase (Decrease) in Net Assets		(22,657	)		2,013			(82,747	)		10,092
Net Assets as of December 31, 2023:	$	271,735		$	95,228		$	841,818		$	455,607
Investment Income:
Reinvested Dividends		5,333			2,825			17,939			6,298
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,361			1,286			10,626			5,409
Net Investment Income (Loss)		1,972			1,539			7,313			889
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			5,192			5,293
Realized Gain (Loss) on Investments		(2,790	)		(304	)		11,331			37,227
Net Realized Capital Gains (Losses) on Investments		(2,790	)		(304	)		16,523			42,520
Net Change in Unrealized Appreciation (Depreciation)		36,881			1,105			29,565			(5,497	)
Net Gain (Loss) on Investment		34,091			801			46,088			37,023
Net Increase (Decrease) in Net Assets Resulting from Operations		36,063			2,340			53,401			37,912
Increase (Decrease) in Net Assets from Contract Transactions		(29,744	)		(3,613	)		(161,562	)		(138,091	)
Total Increase (Decrease) in Net Assets		6,319			(1,273	)		(108,161	)		(100,179	)
Net Assets as of December 31, 2024:	$	278,054		$	93,955		$	733,657		$	355,428

See Accompanying Notes. ⁽¹⁾ See Footnote 1 29

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Fidelity® VIP Balanced Initial Class Subaccount			Fidelity® VIP Balanced Service Class 2 Subaccount			Fidelity® VIP Contrafund® Initial Class Subaccount			Fidelity® VIP Contrafund® Service Class 2 Subaccount
Net Assets as of December 31, 2022:	$	2,126,544		$	316,845		$	7,222,451		$	7,009,316
Investment Income:
Reinvested Dividends		34,991			4,396			38,377			20,986
Investment Expense:
Mortality and Expense Risk and Administrative Charges		28,340			3,867			105,383			123,918
Net Investment Income (Loss)		6,651			529			(67,006	)		(102,932	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		81,511			12,633			280,118			295,997
Realized Gain (Loss) on Investments		91,924			19,096			257,181			278,765
Net Realized Capital Gains (Losses) on Investments		173,435			31,729			537,299			574,762
Net Change in Unrealized Appreciation (Depreciation)		207,002			21,732			1,700,119			1,690,947
Net Gain (Loss) on Investment		380,437			53,461			2,237,418			2,265,709
Net Increase (Decrease) in Net Assets Resulting from Operations		387,088			53,990			2,170,412			2,162,777
Increase (Decrease) in Net Assets from Contract Transactions		(403,743	)		(79,897	)		(825,871	)		(332,966	)
Total Increase (Decrease) in Net Assets		(16,655	)		(25,907	)		1,344,541			1,829,811
Net Assets as of December 31, 2023:	$	2,109,889		$	290,938		$	8,566,992		$	8,839,127
Investment Income:
Reinvested Dividends		40,850			5,024			18,122			3,479
Investment Expense:
Mortality and Expense Risk and Administrative Charges		29,750			3,937			130,643			165,933
Net Investment Income (Loss)		11,100			1,087			(112,521	)		(162,454	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		70,304			10,000			1,145,721			1,345,560
Realized Gain (Loss) on Investments		68,477			18,901			444,380			549,181
Net Realized Capital Gains (Losses) on Investments		138,781			28,901			1,590,101			1,894,741
Net Change in Unrealized Appreciation (Depreciation)		145,114			8,468			1,139,166			1,055,917
Net Gain (Loss) on Investment		283,895			37,369			2,729,267			2,950,658
Net Increase (Decrease) in Net Assets Resulting from Operations		294,995			38,456			2,616,746			2,788,204
Increase (Decrease) in Net Assets from Contract Transactions		(113,349	)		(28,534	)		(999,894	)		(60,679	)
Total Increase (Decrease) in Net Assets		181,646			9,922			1,616,852			2,727,525
Net Assets as of December 31, 2024:	$	2,291,535		$	300,860		$	10,183,844		$	11,566,652

See Accompanying Notes. ⁽¹⁾ See Footnote 1 30

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Fidelity® VIP Equity-Income Initial Class Subaccount			Fidelity® VIP Equity-Income Service Class 2 Subaccount			Fidelity® VIP Government Money Market Initial Class Subaccount			Fidelity® VIP Government Money Market Service Class 2 Subaccount
Net Assets as of December 31, 2022:	$	3,305,286		$	5,650,072		$	785,000		$	210,246
Investment Income:
Reinvested Dividends		61,756			94,893			35,216			9,227
Investment Expense:
Mortality and Expense Risk and Administrative Charges		43,762			80,269			9,565			2,739
Net Investment Income (Loss)		17,994			14,624			25,651			6,488
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		92,698			162,836			-			-
Realized Gain (Loss) on Investments		21,187			69,425			-			-
Net Realized Capital Gains (Losses) on Investments		113,885			232,261			-			-
Net Change in Unrealized Appreciation (Depreciation)		154,409			218,964			-			-
Net Gain (Loss) on Investment		268,294			451,225			-			-
Net Increase (Decrease) in Net Assets Resulting from Operations		286,288			465,849			25,651			6,488
Increase (Decrease) in Net Assets from Contract Transactions		(246,958	)		(460,010	)		(122,214	)		(18,814	)
Total Increase (Decrease) in Net Assets		39,330			5,839			(96,563	)		(12,326	)
Net Assets as of December 31, 2023:	$	3,344,616		$	5,655,911		$	688,437		$	197,920
Investment Income:
Reinvested Dividends		61,608			86,808			32,221			9,006
Investment Expense:
Mortality and Expense Risk and Administrative Charges		47,190			83,162			8,483			2,585
Net Investment Income (Loss)		14,418			3,646			23,738			6,421
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		201,708			328,856			-			-
Realized Gain (Loss) on Investments		69,453			204,262			-			-
Net Realized Capital Gains (Losses) on Investments		271,161			533,118			-			-
Net Change in Unrealized Appreciation (Depreciation)		160,618			176,086			-			-
Net Gain (Loss) on Investment		431,779			709,204			-			-
Net Increase (Decrease) in Net Assets Resulting from Operations		446,197			712,850			23,738			6,421
Increase (Decrease) in Net Assets from Contract Transactions		(282,860	)		(910,672	)		(79,662	)		(20,173	)
Total Increase (Decrease) in Net Assets		163,337			(197,822	)		(55,924	)		(13,752	)
Net Assets as of December 31, 2024:	$	3,507,953		$	5,458,089		$	632,513		$	184,168

See Accompanying Notes. ⁽¹⁾ See Footnote 1 31

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Fidelity® VIP Growth Initial Class Subaccount			Fidelity® VIP Growth Service Class 2 Subaccount			Fidelity® VIP Growth & Income Initial Class Subaccount			Fidelity® VIP Growth & Income Service Class 2 Subaccount
Net Assets as of December 31, 2022:	$	5,551,816		$	2,201,483		$	2,791,123		$	325,098
Investment Income:
Reinvested Dividends		7,903			93			44,230			5,357
Investment Expense:
Mortality and Expense Risk and Administrative Charges		82,620			35,218			38,051			4,524
Net Investment Income (Loss)		(74,717	)		(35,125	)		6,179			833
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		285,375			117,940			100,726			14,003
Realized Gain (Loss) on Investments		359,035			91,561			140,689			23,024
Net Realized Capital Gains (Losses) on Investments		644,410			209,501			241,415			37,027
Net Change in Unrealized Appreciation (Depreciation)		1,247,430			533,754			190,421			17,899
Net Gain (Loss) on Investment		1,891,840			743,255			431,836			54,926
Net Increase (Decrease) in Net Assets Resulting from Operations		1,817,123			708,130			438,015			55,759
Increase (Decrease) in Net Assets from Contract Transactions		(716,520	)		(181,341	)		(428,453	)		3,676
Total Increase (Decrease) in Net Assets		1,100,603			526,789			9,562			59,435
Net Assets as of December 31, 2023:	$	6,652,419		$	2,728,272		$	2,800,685		$	384,533
Investment Income:
Reinvested Dividends		65			-			41,896			5,401
Investment Expense:
Mortality and Expense Risk and Administrative Charges		102,150			44,364			40,374			5,542
Net Investment Income (Loss)		(102,085	)		(44,364	)		1,522			(141	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,622,553			659,933			191,461			29,168
Realized Gain (Loss) on Investments		419,807			246,491			192,650			10,360
Net Realized Capital Gains (Losses) on Investments		2,042,360			906,424			384,111			39,528
Net Change in Unrealized Appreciation (Depreciation)		(96,175	)		(117,346	)		160,658			38,074
Net Gain (Loss) on Investment		1,946,185			789,078			544,769			77,602
Net Increase (Decrease) in Net Assets Resulting from Operations		1,844,100			744,714			546,291			77,461
Increase (Decrease) in Net Assets from Contract Transactions		(788,184	)		(428,913	)		(372,446	)		(19,516	)
Total Increase (Decrease) in Net Assets		1,055,916			315,801			173,845			57,945
Net Assets as of December 31, 2024:	$	7,708,335		$	3,044,073		$	2,974,530		$	442,478

See Accompanying Notes. ⁽¹⁾ See Footnote 1 32

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Fidelity® VIP Growth Opportunities Initial Class Subaccount			Fidelity® VIP Growth Opportunities Service Class Subaccount			Fidelity® VIP Growth Opportunities Service Class 2 Subaccount			Fidelity® VIP High Income Initial Class Subaccount
Net Assets as of December 31, 2022:	$	2,240,256		$	1,433,446		$	531,929		$	792,472
Investment Income:
Reinvested Dividends		-			-			-			39,743
Investment Expense:
Mortality and Expense Risk and Administrative Charges		35,401			23,673			9,425			9,991
Net Investment Income (Loss)		(35,401	)		(23,673	)		(9,425	)		29,752
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		134,432			86,059			22,174			(25,222	)
Net Realized Capital Gains (Losses) on Investments		134,432			86,059			22,174			(25,222	)
Net Change in Unrealized Appreciation (Depreciation)		850,915			518,557			210,621			58,666
Net Gain (Loss) on Investment		985,347			604,616			232,795			33,444
Net Increase (Decrease) in Net Assets Resulting from Operations		949,946			580,943			223,370			63,196
Increase (Decrease) in Net Assets from Contract Transactions		(254,475	)		(222,208	)		(29,993	)		(138,973	)
Total Increase (Decrease) in Net Assets		695,471			358,735			193,377			(75,777	)
Net Assets as of December 31, 2023:	$	2,935,727		$	1,792,181		$	725,306		$	716,695
Investment Income:
Reinvested Dividends		-			-			-			40,693
Investment Expense:
Mortality and Expense Risk and Administrative Charges		45,599			28,899			13,035			9,102
Net Investment Income (Loss)		(45,599	)		(28,899	)		(13,035	)		31,591
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		170,212			204,843			19,794			(19,799	)
Net Realized Capital Gains (Losses) on Investments		170,212			204,843			19,794			(19,799	)
Net Change in Unrealized Appreciation (Depreciation)		920,598			428,440			254,675			37,933
Net Gain (Loss) on Investment		1,090,810			633,283			274,469			18,134
Net Increase (Decrease) in Net Assets Resulting from Operations		1,045,211			604,384			261,434			49,725
Increase (Decrease) in Net Assets from Contract Transactions		(242,382	)		(340,515	)		(16,892	)		(77,767	)
Total Increase (Decrease) in Net Assets		802,829			263,869			244,542			(28,042	)
Net Assets as of December 31, 2024:	$	3,738,556		$	2,056,050		$	969,848		$	688,653

See Accompanying Notes. ⁽¹⁾ See Footnote 1 33

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Fidelity® VIP High Income Service Class Subaccount			Fidelity® VIP High Income Service Class 2 Subaccount			Fidelity® VIP Index 500 Initial Class Subaccount			Fidelity® VIP Index 500 Service Class 2 Subaccount
Net Assets as of December 31, 2022:	$	546,603		$	252,623		$	15,282,474		$	1,328,885
Investment Income:
Reinvested Dividends		29,024			14,946			230,866			17,990
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,471			3,526			223,826			20,094
Net Investment Income (Loss)		21,553			11,420			7,040			(2,104	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			152,057			13,475
Realized Gain (Loss) on Investments		(18,733	)		(2,097	)		1,615,752			48,964
Net Realized Capital Gains (Losses) on Investments		(18,733	)		(2,097	)		1,767,809			62,439
Net Change in Unrealized Appreciation (Depreciation)		42,580			12,586			1,744,894			248,708
Net Gain (Loss) on Investment		23,847			10,489			3,512,703			311,147
Net Increase (Decrease) in Net Assets Resulting from Operations		45,400			21,909			3,519,743			309,043
Increase (Decrease) in Net Assets from Contract Transactions		(61,877	)		(3,036	)		(2,114,998	)		(91,898	)
Total Increase (Decrease) in Net Assets		(16,477	)		18,873			1,404,745			217,145
Net Assets as of December 31, 2023:	$	530,126		$	271,496		$	16,687,219		$	1,546,030
Investment Income:
Reinvested Dividends		27,173			11,422			225,263			14,127
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,114			3,659			253,581			21,300
Net Investment Income (Loss)		20,059			7,763			(28,318	)		(7,173	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			10,647			760
Realized Gain (Loss) on Investments		(24,231	)		(11,525	)		1,860,062			413,233
Net Realized Capital Gains (Losses) on Investments		(24,231	)		(11,525	)		1,870,709			413,993
Net Change in Unrealized Appreciation (Depreciation)		38,160			23,491			1,840,995			(75,959	)
Net Gain (Loss) on Investment		13,929			11,966			3,711,704			338,034
Net Increase (Decrease) in Net Assets Resulting from Operations		33,988			19,729			3,683,386			330,861
Increase (Decrease) in Net Assets from Contract Transactions		(84,414	)		(104,168	)		(1,980,953	)		(709,234	)
Total Increase (Decrease) in Net Assets		(50,426	)		(84,439	)		1,702,433			(378,373	)
Net Assets as of December 31, 2024:	$	479,700		$	187,057		$	18,389,652		$	1,167,657

See Accompanying Notes. ⁽¹⁾ See Footnote 1 34

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Fidelity® VIP Investment Grade Bond Initial Class Subaccount			Fidelity® VIP Investment Grade Bond Service Class 2 Subaccount			Fidelity® VIP Mid Cap Initial Class Subaccount			Fidelity® VIP Mid Cap Service Class 2 Subaccount
Net Assets as of December 31, 2022:	$	3,412,185		$	526,705		$	3,306,760		$	6,425,794
Investment Income:
Reinvested Dividends		76,236			11,828			19,111			22,042
Investment Expense:
Mortality and Expense Risk and Administrative Charges		46,062			6,635			45,379			91,542
Net Investment Income (Loss)		30,174			5,193			(26,268	)		(69,500	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			87,898			166,689
Realized Gain (Loss) on Investments		(115,551	)		(18,821	)		37,242			23,700
Net Realized Capital Gains (Losses) on Investments		(115,551	)		(18,821	)		125,140			190,389
Net Change in Unrealized Appreciation (Depreciation)		223,839			36,790			313,979			621,092
Net Gain (Loss) on Investment		108,288			17,969			439,119			811,481
Net Increase (Decrease) in Net Assets Resulting from Operations		138,462			23,162			412,851			741,981
Increase (Decrease) in Net Assets from Contract Transactions		(550,019	)		(75,857	)		(338,030	)		(1,175,865	)
Total Increase (Decrease) in Net Assets		(411,557	)		(52,695	)		74,821			(433,884	)
Net Assets as of December 31, 2023:	$	3,000,628		$	474,010		$	3,381,581		$	5,991,910
Investment Income:
Reinvested Dividends		96,045			14,329			19,828			20,019
Investment Expense:
Mortality and Expense Risk and Administrative Charges		40,523			6,154			50,534			92,381
Net Investment Income (Loss)		55,522			8,175			(30,706	)		(72,362	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			463,353			786,280
Realized Gain (Loss) on Investments		(47,333	)		(10,108	)		31,288			182,313
Net Realized Capital Gains (Losses) on Investments		(47,333	)		(10,108	)		494,641			968,593
Net Change in Unrealized Appreciation (Depreciation)		978			3,128			62,763			(10,050	)
Net Gain (Loss) on Investment		(46,355	)		(6,980	)		557,404			958,543
Net Increase (Decrease) in Net Assets Resulting from Operations		9,167			1,195			526,698			886,181
Increase (Decrease) in Net Assets from Contract Transactions		(314,685	)		(53,790	)		(191,648	)		(976,655	)
Total Increase (Decrease) in Net Assets		(305,518	)		(52,595	)		335,050			(90,474	)
Net Assets as of December 31, 2024:	$	2,695,110		$	421,415		$	3,716,631		$	5,901,436

See Accompanying Notes. ⁽¹⁾ See Footnote 1 35

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Fidelity® VIP Overseas Initial Class Subaccount			Fidelity® VIP Value Strategies Service Class 2 Subaccount			Franklin Income Class 2 Shares Subaccount			Franklin Mutual Shares Class 2 Shares Subaccount
Net Assets as of December 31, 2022:	$	707,295		$	2,103,084		$	193,573		$	3,061,053
Investment Income:
Reinvested Dividends		7,441			19,635			6,218			57,276
Investment Expense:
Mortality and Expense Risk and Administrative Charges		9,961			34,854			1,381			42,710
Net Investment Income (Loss)		(2,520	)		(15,219	)		4,837			14,566
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,882			82,839			7,538			263,623
Realized Gain (Loss) on Investments		22,988			43,508			1,165			(52,208	)
Net Realized Capital Gains (Losses) on Investments		24,870			126,347			8,703			211,415
Net Change in Unrealized Appreciation (Depreciation)		105,433			271,117			(3,524	)		117,504
Net Gain (Loss) on Investment		130,303			397,464			5,179			328,919
Net Increase (Decrease) in Net Assets Resulting from Operations		127,783			382,245			10,016			343,485
Increase (Decrease) in Net Assets from Contract Transactions		(81,878	)		(138,126	)		(76,704	)		(232,490	)
Total Increase (Decrease) in Net Assets		45,905			244,119			(66,688	)		110,995
Net Assets as of December 31, 2023:	$	753,200		$	2,347,203		$	126,885		$	3,172,048
Investment Income:
Reinvested Dividends		13,134			18,809			6,724			60,907
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,747			37,611			1,329			44,207
Net Investment Income (Loss)		2,387			(18,802	)		5,395			16,700
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		36,386			334,693			551			63,339
Realized Gain (Loss) on Investments		13,476			53,087			(380	)		(64,347	)
Net Realized Capital Gains (Losses) on Investments		49,862			387,780			171			(1,008	)
Net Change in Unrealized Appreciation (Depreciation)		(24,675	)		(195,444	)		2,064			274,513
Net Gain (Loss) on Investment		25,187			192,336			2,235			273,505
Net Increase (Decrease) in Net Assets Resulting from Operations		27,574			173,534			7,630			290,205
Increase (Decrease) in Net Assets from Contract Transactions		(11,476	)		(120,941	)		(2,041	)		(459,222	)
Total Increase (Decrease) in Net Assets		16,098			52,593			5,589			(169,017	)
Net Assets as of December 31, 2024:	$	769,298		$	2,399,796		$	132,474		$	3,003,031

See Accompanying Notes. ⁽¹⁾ See Footnote 1 36

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Franklin Rising Dividends Class 2 Shares Subaccount			Franklin Small Cap Value Class 2 Shares Subaccount			Franklin Small-Mid Cap Growth Class 2 Shares Subaccount			Franklin Templeton Developing Markets Class 2 Shares Subaccount
Net Assets as of December 31, 2022:	$	1,486,960		$	974,498		$	3,745,863		$	428,804
Investment Income:
Reinvested Dividends		13,023			5,035			-			9,298
Investment Expense:
Mortality and Expense Risk and Administrative Charges		20,061			12,516			49,296			6,453
Net Investment Income (Loss)		(7,038	)		(7,481	)		(49,296	)		2,845
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		149,467			54,588			-			337
Realized Gain (Loss) on Investments		23,978			(38,556	)		(460,329	)		(5,403	)
Net Realized Capital Gains (Losses) on Investments		173,445			16,032			(460,329	)		(5,066	)
Net Change in Unrealized Appreciation (Depreciation)		(23,400	)		92,190			1,316,366			48,564
Net Gain (Loss) on Investment		150,045			108,222			856,037			43,498
Net Increase (Decrease) in Net Assets Resulting from Operations		143,007			100,741			806,741			46,343
Increase (Decrease) in Net Assets from Contract Transactions		(255,722	)		(104,918	)		(863,207	)		(25,950	)
Total Increase (Decrease) in Net Assets		(112,715	)		(4,177	)		(56,466	)		20,393
Net Assets as of December 31, 2023:	$	1,374,245		$	970,321		$	3,689,397		$	449,197
Investment Income:
Reinvested Dividends		14,528			9,275			-			18,423
Investment Expense:
Mortality and Expense Risk and Administrative Charges		20,694			12,502			51,828			6,808
Net Investment Income (Loss)		(6,166	)		(3,227	)		(51,828	)		11,615
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		69,123			22,924			-			3,541
Realized Gain (Loss) on Investments		12,442			(25,083	)		(134,597	)		(5,688	)
Net Realized Capital Gains (Losses) on Investments		81,565			(2,159	)		(134,597	)		(2,147	)
Net Change in Unrealized Appreciation (Depreciation)		50,101			94,494			502,254			16,281
Net Gain (Loss) on Investment		131,666			92,335			367,657			14,134
Net Increase (Decrease) in Net Assets Resulting from Operations		125,500			89,108			315,829			25,749
Increase (Decrease) in Net Assets from Contract Transactions		(29,189	)		(111,447	)		(481,604	)		(8,006	)
Total Increase (Decrease) in Net Assets		96,311			(22,339	)		(165,775	)		17,743
Net Assets as of December 31, 2024:	$	1,470,556		$	947,982		$	3,523,622		$	466,940

See Accompanying Notes. ⁽¹⁾ See Footnote 1 37

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Franklin Templeton Foreign Class 2 Shares Subaccount			Invesco V.I. American Franchise Series I Shares Subaccount			Invesco V.I. American Franchise Series II Shares Subaccount			Invesco V.I. American Value Series II Shares Subaccount
Net Assets as of December 31, 2022:	$	1,440,927		$	1,733,972		$	222,180		$	810,172
Investment Income:
Reinvested Dividends		49,178			-			-			3,419
Investment Expense:
Mortality and Expense Risk and Administrative Charges		21,166			27,698			3,510			10,433
Net Investment Income (Loss)		28,012			(27,698	)		(3,510	)		(7,014	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			45,213			6,595			190,422
Realized Gain (Loss) on Investments		(4,393	)		64,124			1,507			(34,241	)
Net Realized Capital Gains (Losses) on Investments		(4,393	)		109,337			8,102			156,181
Net Change in Unrealized Appreciation (Depreciation)		241,789			572,350			80,403			(42,554	)
Net Gain (Loss) on Investment		237,396			681,687			88,505			113,627
Net Increase (Decrease) in Net Assets Resulting from Operations		265,408			653,989			84,995			106,613
Increase (Decrease) in Net Assets from Contract Transactions		(142,163	)		(186,838	)		(8,420	)		(10,314	)
Total Increase (Decrease) in Net Assets		123,245			467,151			76,575			96,299
Net Assets as of December 31, 2023:	$	1,564,172		$	2,201,123		$	298,755		$	906,471
Investment Income:
Reinvested Dividends		36,556			-			-			2,900
Investment Expense:
Mortality and Expense Risk and Administrative Charges		21,004			32,694			4,474			6,571
Net Investment Income (Loss)		15,552			(32,694	)		(4,474	)		(3,671	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			8,696
Realized Gain (Loss) on Investments		21,816			143,788			14,214			(10,456	)
Net Realized Capital Gains (Losses) on Investments		21,816			143,788			14,214			(1,760	)
Net Change in Unrealized Appreciation (Depreciation)		(63,497	)		548,033			83,637			128,348
Net Gain (Loss) on Investment		(41,681	)		691,821			97,851			126,588
Net Increase (Decrease) in Net Assets Resulting from Operations		(26,129	)		659,127			93,377			122,917
Increase (Decrease) in Net Assets from Contract Transactions		(191,331	)		(462,790	)		(53,126	)		(631,615	)
Total Increase (Decrease) in Net Assets		(217,460	)		196,337			40,251			(508,698	)
Net Assets as of December 31, 2024:	$	1,346,712		$	2,397,460		$	339,006		$	397,773

See Accompanying Notes. ⁽¹⁾ See Footnote 1 38

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Invesco V.I. Capital Appreciation Series I Shares Subaccount			Invesco V.I. Capital Appreciation Series II Shares Subaccount			Invesco V.I. Comstock Series II Shares Subaccount			Invesco V.I. Core Equity Series II Shares Subaccount
Net Assets as of December 31, 2022:	$	6,303,114		$	453,755		$	1,172,087		$	956,066
Investment Income:
Reinvested Dividends		-			-			16,543			4,670
Investment Expense:
Mortality and Expense Risk and Administrative Charges		94,484			7,042			12,559			13,674
Net Investment Income (Loss)		(94,484	)		(7,042	)		3,984			(9,004	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			119,136			23,199
Realized Gain (Loss) on Investments		(358,134	)		(20,402	)		24,190			(58,234	)
Net Realized Capital Gains (Losses) on Investments		(358,134	)		(20,402	)		143,326			(35,035	)
Net Change in Unrealized Appreciation (Depreciation)		2,382,424			167,262			(39,648	)		231,857
Net Gain (Loss) on Investment		2,024,290			146,860			103,678			196,822
Net Increase (Decrease) in Net Assets Resulting from Operations		1,929,806			139,818			107,662			187,818
Increase (Decrease) in Net Assets from Contract Transactions		(820,732	)		(59,745	)		(242,008	)		(174,876	)
Total Increase (Decrease) in Net Assets		1,109,074			80,073			(134,346	)		12,942
Net Assets as of December 31, 2023:	$	7,412,188		$	533,828		$	1,037,741		$	969,008
Investment Income:
Reinvested Dividends		-			-			15,769			5,311
Investment Expense:
Mortality and Expense Risk and Administrative Charges		111,990			8,149			12,250			15,274
Net Investment Income (Loss)		(111,990	)		(8,149	)		3,519			(9,963	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			73,966			91,909
Realized Gain (Loss) on Investments		(37,110	)		4,593			25,616			4,003
Net Realized Capital Gains (Losses) on Investments		(37,110	)		4,593			99,582			95,912
Net Change in Unrealized Appreciation (Depreciation)		2,307,631			159,997			30,951			137,990
Net Gain (Loss) on Investment		2,270,521			164,590			130,533			233,902
Net Increase (Decrease) in Net Assets Resulting from Operations		2,158,531			156,441			134,052			223,939
Increase (Decrease) in Net Assets from Contract Transactions		(1,701,276	)		(107,748	)		(133,485	)		(46,244	)
Total Increase (Decrease) in Net Assets		457,255			48,693			567			177,695
Net Assets as of December 31, 2024:	$	7,869,443		$	582,521		$	1,038,308		$	1,146,703

See Accompanying Notes. ⁽¹⁾See Footnote 1 39

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$		$			$
	Invesco V.I. Discovery Mid Cap Growth Series II Shares Subaccount			Invesco V.I. Equity and Income Series I Shares Subaccount(1)		Invesco V.I. Equity and Income Series II Shares Subaccount			Invesco V.I. EQV International Equity Series I Shares Subaccount
Net Assets as of December 31, 2022:	$	135,022		$	-	$	2,779,221		$	357,207
Investment Income:
Reinvested Dividends		-			-		41,242			745
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,639			-		31,758			5,674
Net Investment Income (Loss)		(1,639	)		-		9,484			(4,929	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-		125,211			279
Realized Gain (Loss) on Investments		(11,035	)		-		(28,705	)		1,661
Net Realized Capital Gains (Losses) on Investments		(11,035	)		-		96,506			1,940
Net Change in Unrealized Appreciation (Depreciation)		26,265			-		99,616			59,607
Net Gain (Loss) on Investment		15,230			-		196,122			61,547
Net Increase (Decrease) in Net Assets Resulting from Operations		13,591			-		205,606			56,618
Increase (Decrease) in Net Assets from Contract Transactions		(28,324	)		-		(581,332	)		(27,678	)
Total Increase (Decrease) in Net Assets		(14,733	)		-		(375,726	)		28,940
Net Assets as of December 31, 2023:	$	120,289		$	-	$	2,403,495		$	386,147
Investment Income:
Reinvested Dividends		-			16,356		38,361			6,456
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,565			9,305		30,883			5,720
Net Investment Income (Loss)		(1,565	)		7,051		7,478			736
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			35,102		93,704			1,919
Realized Gain (Loss) on Investments		(2,432	)		7,914		4,333			2,614
Net Realized Capital Gains (Losses) on Investments		(2,432	)		43,016		98,037			4,533
Net Change in Unrealized Appreciation (Depreciation)		29,247			7,897		140,932			(7,470	)
Net Gain (Loss) on Investment		26,815			50,913		238,969			(2,937	)
Net Increase (Decrease) in Net Assets Resulting from Operations		25,250			57,964		246,447			(2,201	)
Increase (Decrease) in Net Assets from Contract Transactions		(19,074	)		853,375		(236,713	)		(33,850	)
Total Increase (Decrease) in Net Assets		6,176			911,339		9,734			(36,051	)
Net Assets as of December 31, 2024:	$	126,465		$	911,339	$	2,413,229		$	350,096

See Accompanying Notes. ⁽¹⁾See Footnote 1 40

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Invesco V.I. EQV International Equity Series II Shares Subaccount			Invesco V.I. Global Series I Shares Subaccount			Invesco V.I. Global Series II Shares Subaccount			Invesco V.I. Global Strategic Income Series I Shares Subaccount
Net Assets as of December 31, 2022:	$	52,009		$	1,572,394		$	27,649		$	1,185,217
Investment Income:
Reinvested Dividends		-			4,140			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		646			26,473			446			15,890
Net Investment Income (Loss)		(646	)		(22,333	)		(446	)		(15,890	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		41			209,341			3,856			-
Realized Gain (Loss) on Investments		(389	)		7,422			(184	)		(36,348	)
Net Realized Capital Gains (Losses) on Investments		(348	)		216,763			3,672			(36,348	)
Net Change in Unrealized Appreciation (Depreciation)		9,344			309,640			5,717			135,049
Net Gain (Loss) on Investment		8,996			526,403			9,389			98,701
Net Increase (Decrease) in Net Assets Resulting from Operations		8,350			504,070			8,943			82,811
Increase (Decrease) in Net Assets from Contract Transactions		(2,965	)		(77,205	)		(606	)		(122,233	)
Total Increase (Decrease) in Net Assets		5,385			426,865			8,337			(39,422	)
Net Assets as of December 31, 2023:	$	57,394		$	1,999,259		$	35,986		$	1,145,795
Investment Income:
Reinvested Dividends		854			-			-			28,596
Investment Expense:
Mortality and Expense Risk and Administrative Charges		660			31,729			551			14,120
Net Investment Income (Loss)		194			(31,729	)		(551	)		14,476
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		296			121,660			2,361			-
Realized Gain (Loss) on Investments		199			28,131			26			(40,238	)
Net Realized Capital Gains (Losses) on Investments		495			149,791			2,387			(40,238	)
Net Change in Unrealized Appreciation (Depreciation)		(1,094	)		165,035			3,269			42,184
Net Gain (Loss) on Investment		(599	)		314,826			5,656			1,946
Net Increase (Decrease) in Net Assets Resulting from Operations		(405	)		283,097			5,105			16,422
Increase (Decrease) in Net Assets from Contract Transactions		(4,061	)		(164,300	)		(874	)		(236,408	)
Total Increase (Decrease) in Net Assets		(4,466	)		118,797			4,231			(219,986	)
Net Assets as of December 31, 2024:	$	52,928		$	2,118,056		$	40,217		$	925,809

See Accompanying Notes. ⁽¹⁾See Footnote 1 41

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Invesco V.I. Global Strategic Income Series II Shares Subaccount			Invesco V.I. Government Securities Series I Shares Subaccount			Invesco V.I. Government Securities Series II Shares Subaccount			Invesco V.I. Main Street Series I Shares Subaccount
Net Assets as of December 31, 2022:	$	345,722		$	265,858		$	240,800		$	3,039,963
Investment Income:
Reinvested Dividends		-			5,333			4,296			27,852
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,928			3,368			3,596			47,675
Net Investment Income (Loss)		(4,928	)		1,965			700			(19,823	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			226,469
Realized Gain (Loss) on Investments		(8,650	)		(6,786	)		(3,131	)		(215,818	)
Net Realized Capital Gains (Losses) on Investments		(8,650	)		(6,786	)		(3,131	)		10,651
Net Change in Unrealized Appreciation (Depreciation)		36,741			12,921			9,008			641,602
Net Gain (Loss) on Investment		28,091			6,135			5,877			652,253
Net Increase (Decrease) in Net Assets Resulting from Operations		23,163			8,100			6,577			632,430
Increase (Decrease) in Net Assets from Contract Transactions		(29,366	)		(27,690	)		(13,134	)		(298,484	)
Total Increase (Decrease) in Net Assets		(6,203	)		(19,590	)		(6,557	)		333,946
Net Assets as of December 31, 2023:	$	339,519		$	246,268		$	234,243		$	3,373,909
Investment Income:
Reinvested Dividends		8,696			5,385			5,357			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,729			3,041			3,493			51,760
Net Investment Income (Loss)		3,967			2,344			1,864			(51,760	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			337,197
Realized Gain (Loss) on Investments		(6,776	)		(6,851	)		(2,721	)		(220,488	)
Net Realized Capital Gains (Losses) on Investments		(6,776	)		(6,851	)		(2,721	)		116,709
Net Change in Unrealized Appreciation (Depreciation)		6,812			5,791			797			616,781
Net Gain (Loss) on Investment		36			(1,060	)		(1,924	)		733,490
Net Increase (Decrease) in Net Assets Resulting from Operations		4,003			1,284			(60	)		681,730
Increase (Decrease) in Net Assets from Contract Transactions		(28,124	)		(40,548	)		(13,669	)		(534,595	)
Total Increase (Decrease) in Net Assets		(24,121	)		(39,264	)		(13,729	)		147,135
Net Assets as of December 31, 2024:	$	315,398		$	207,004		$	220,514		$	3,521,044

See Accompanying Notes. ⁽¹⁾See Footnote 1 42

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Invesco V.I. Main Street Series II Shares Subaccount			Invesco V.I. Main Street Mid Cap Series II Shares Subaccount			Invesco V.I. Main Street Small Cap Series II Shares Subaccount			Janus Henderson - Balanced Service Shares Subaccount
Net Assets as of December 31, 2022:	$	480,858		$	220,481		$	44,839		$	2,499,448
Investment Income:
Reinvested Dividends		2,588			91			441			47,142
Investment Expense:
Mortality and Expense Risk and Administrative Charges		8,147			2,930			756			36,292
Net Investment Income (Loss)		(5,559	)		(2,839	)		(315	)		10,850
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		36,951			-			-			-
Realized Gain (Loss) on Investments		(26,041	)		(9,519	)		(176	)		38,550
Net Realized Capital Gains (Losses) on Investments		10,910			(9,519	)		(176	)		38,550
Net Change in Unrealized Appreciation (Depreciation)		93,404			38,386			7,412			286,739
Net Gain (Loss) on Investment		104,314			28,867			7,236			325,289
Net Increase (Decrease) in Net Assets Resulting from Operations		98,755			26,028			6,921			336,139
Increase (Decrease) in Net Assets from Contract Transactions		(23,682	)		(16,799	)		(1,744	)		(23,046	)
Total Increase (Decrease) in Net Assets		75,073			9,229			5,177			313,093
Net Assets as of December 31, 2023:	$	555,931		$	229,710		$	50,016		$	2,812,541
Investment Income:
Reinvested Dividends		-			303			-			50,666
Investment Expense:
Mortality and Expense Risk and Administrative Charges		9,476			3,203			817			40,317
Net Investment Income (Loss)		(9,476	)		(2,900	)		(817	)		10,349
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		58,122			6,058			1,786			-
Realized Gain (Loss) on Investments		(32,070	)		(2,993	)		1,107			209,740
Net Realized Capital Gains (Losses) on Investments		26,052			3,065			2,893			209,740
Net Change in Unrealized Appreciation (Depreciation)		99,726			34,254			2,970			144,708
Net Gain (Loss) on Investment		125,778			37,319			5,863			354,448
Net Increase (Decrease) in Net Assets Resulting from Operations		116,302			34,419			5,046			364,797
Increase (Decrease) in Net Assets from Contract Transactions		(85,531	)		(14,844	)		(6,479	)		(403,711	)
Total Increase (Decrease) in Net Assets		30,771			19,575			(1,433	)		(38,914	)
Net Assets as of December 31, 2024:	$	586,702		$	249,285		$	48,583		$	2,773,627

See Accompanying Notes. ⁽¹⁾See Footnote 1 43

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Janus Henderson - Enterprise Service Shares Subaccount			Janus Henderson - Forty Service Shares Subaccount			Janus Henderson - Global Research Service Shares Subaccount			Janus Henderson - Mid Cap Value Service Shares Subaccount
Net Assets as of December 31, 2022:	$	1,257,517		$	161,229		$	1,100,009		$	102,502
Investment Income:
Reinvested Dividends		1,166			235			9,116			989
Investment Expense:
Mortality and Expense Risk and Administrative Charges		19,227			2,665			19,091			1,899
Net Investment Income (Loss)		(18,061	)		(2,430	)		(9,975	)		(910	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		100,581			-			34,255			2,933
Realized Gain (Loss) on Investments		60,013			1,540			38,978			139
Net Realized Capital Gains (Losses) on Investments		160,594			1,540			73,233			3,072
Net Change in Unrealized Appreciation (Depreciation)		54,213			61,364			195,428			6,977
Net Gain (Loss) on Investment		214,807			62,904			268,661			10,049
Net Increase (Decrease) in Net Assets Resulting from Operations		196,746			60,474			258,686			9,139
Increase (Decrease) in Net Assets from Contract Transactions		(114,333	)		(9,073	)		(72,624	)		(1,911	)
Total Increase (Decrease) in Net Assets		82,413			51,401			186,062			7,228
Net Assets as of December 31, 2023:	$	1,339,930		$	212,630		$	1,286,071		$	109,730
Investment Income:
Reinvested Dividends		8,890			26			8,574			988
Investment Expense:
Mortality and Expense Risk and Administrative Charges		21,007			3,208			23,297			2,200
Net Investment Income (Loss)		(12,117	)		(3,182	)		(14,723	)		(1,212	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		62,155			15,594			47,349			6,236
Realized Gain (Loss) on Investments		41,421			16,226			60,693			581
Net Realized Capital Gains (Losses) on Investments		103,576			31,820			108,042			6,817
Net Change in Unrealized Appreciation (Depreciation)		88,020			25,464			176,142			6,119
Net Gain (Loss) on Investment		191,596			57,284			284,184			12,936
Net Increase (Decrease) in Net Assets Resulting from Operations		179,479			54,102			269,461			11,724
Increase (Decrease) in Net Assets from Contract Transactions		(85,524	)		(41,282	)		(88,467	)		(1,428	)
Total Increase (Decrease) in Net Assets		93,955			12,820			180,994			10,296
Net Assets as of December 31, 2024:	$	1,433,885		$	225,450		$	1,467,065		$	120,026

See Accompanying Notes. ⁽¹⁾See Footnote 1 44

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Janus Henderson -Overseas Service Shares Subaccount			Janus Henderson - Research Service Shares Subaccount			LVIP JPMorgan Core Bond Standard Shares Subaccount(1)			LVIP JPMorgan Mid Cap Value Standard Shares Subaccount(1)
Net Assets as of December 31, 2022:	$	973,258		$	582,356		$	-		$	-
Investment Income:
Reinvested Dividends		14,314			428			32,123			17,150
Investment Expense:
Mortality and Expense Risk and Administrative Charges		13,977			9,709			29,500			13,093
Net Investment Income (Loss)		337			(9,281	)		2,623			4,057
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		2,981			1,552			(12,862	)		2,068
Net Realized Capital Gains (Losses) on Investments		2,981			1,552			(12,862	)		2,068
Net Change in Unrealized Appreciation (Depreciation)		83,731			244,064			11,116			79,788
Net Gain (Loss) on Investment		86,712			245,616			(1,746	)		81,856
Net Increase (Decrease) in Net Assets Resulting from Operations		87,049			236,335			877			85,913
Increase (Decrease) in Net Assets from Contract Transactions		(47,875	)		(7,207	)		2,067,907			877,914
Total Increase (Decrease) in Net Assets		39,174			229,128			2,068,784			963,827
Net Assets as of December 31, 2023:	$	1,012,432		$	811,484		$	2,068,784		$	963,827
Investment Income:
Reinvested Dividends		13,558			-			81,627			10,712
Investment Expense:
Mortality and Expense Risk and Administrative Charges		14,644			13,191			39,983			19,263
Net Investment Income (Loss)		(1,086	)		(13,191	)		41,644			(8,551	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			28,683			-			143,132
Realized Gain (Loss) on Investments		19,343			52,214			1,908			33,787
Net Realized Capital Gains (Losses) on Investments		19,343			80,897			1,908			176,919
Net Change in Unrealized Appreciation (Depreciation)		25,654			195,978			(48,605	)		(58,897	)
Net Gain (Loss) on Investment		44,997			276,875			(46,697	)		118,022
Net Increase (Decrease) in Net Assets Resulting from Operations		43,911			263,684			(5,053	)		109,471
Increase (Decrease) in Net Assets from Contract Transactions		(145,460	)		(121,318	)		(241,747	)		(208,210	)
Total Increase (Decrease) in Net Assets		(101,549	)		142,366			(246,800	)		(98,739	)
Net Assets as of December 31, 2024:	$	910,883		$	953,850		$	1,821,984		$	865,088

See Accompanying Notes. ⁽¹⁾See Footnote 1 45

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	LVIP JPMorgan U.S. Equity Standard Shares Subaccount(1)			MFS® Core Equity Initial Class Subaccount			MFS® Growth Initial Class Subaccount			MFS® Growth Service Class Subaccount
Net Assets as of December 31, 2022:	$	-		$	34,701		$	3,622,012		$	887,155
Investment Income:
Reinvested Dividends		12,141			158			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		22,702			397			60,951			13,406
Net Investment Income (Loss)		(10,561	)		(239	)		(60,951	)		(13,406	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		7,080			1,407			310,966			86,101
Realized Gain (Loss) on Investments		20,613			1,336			129,032			23,439
Net Realized Capital Gains (Losses) on Investments		27,693			2,743			439,998			109,540
Net Change in Unrealized Appreciation (Depreciation)		211,184			3,493			790,432			196,042
Net Gain (Loss) on Investment		238,877			6,236			1,230,430			305,582
Net Increase (Decrease) in Net Assets Resulting from Operations		228,316			5,997			1,169,479			292,176
Increase (Decrease) in Net Assets from Contract Transactions		1,409,957			(9,342	)		(421,499	)		(57,651	)
Total Increase (Decrease) in Net Assets		1,638,273			(3,345	)		747,980			234,525
Net Assets as of December 31, 2023:	$	1,638,273		$	31,356		$	4,369,992		$	1,121,680
Investment Income:
Reinvested Dividends		7,223			200			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		32,319			437			75,423			16,923
Net Investment Income (Loss)		(25,096	)		(237	)		(75,423	)		(16,923	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		64,189			1,453			376,324			104,112
Realized Gain (Loss) on Investments		154,120			752			315,580			74,150
Net Realized Capital Gains (Losses) on Investments		218,309			2,205			691,904			178,262
Net Change in Unrealized Appreciation (Depreciation)		117,603			3,688			620,705			157,291
Net Gain (Loss) on Investment		335,912			5,893			1,312,609			335,553
Net Increase (Decrease) in Net Assets Resulting from Operations		310,816			5,656			1,237,186			318,630
Increase (Decrease) in Net Assets from Contract Transactions		(521,735	)		(2,475	)		(552,618	)		(135,881	)
Total Increase (Decrease) in Net Assets		(210,919	)		3,181			684,568			182,749
Net Assets as of December 31, 2024:	$	1,427,354		$	34,537		$	5,054,560		$	1,304,429

See Accompanying Notes. ⁽¹⁾See Footnote 1 46

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	MFS® Massachusetts Investors Growth Stock Initial Class Subaccount			MFS® Massachusetts Investors Growth Stock Service Class Subaccount			MFS® New Discovery Initial Class Subaccount			MFS® New Discovery Service Class Subaccount
Net Assets as of December 31, 2022:	$	52,701		$	1,168,490		$	330,511		$	336,618
Investment Income:
Reinvested Dividends		169			550			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		751			15,020			4,258			5,074
Net Investment Income (Loss)		(582	)		(14,470	)		(4,258	)		(5,074	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,928			59,455			-			-
Realized Gain (Loss) on Investments		734			61,008			(41,350	)		(17,614	)
Net Realized Capital Gains (Losses) on Investments		3,662			120,463			(41,350	)		(17,614	)
Net Change in Unrealized Appreciation (Depreciation)		8,389			126,865			85,758			64,225
Net Gain (Loss) on Investment		12,051			247,328			44,408			46,611
Net Increase (Decrease) in Net Assets Resulting from Operations		11,469			232,858			40,150			41,537
Increase (Decrease) in Net Assets from Contract Transactions		(3,075	)		(220,942	)		(48,000	)		(25,560	)
Total Increase (Decrease) in Net Assets		8,394			11,916			(7,850	)		15,977
Net Assets as of December 31, 2023:	$	61,095		$	1,180,406		$	322,661		$	352,595
Investment Income:
Reinvested Dividends		222			1,541			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		851			15,770			4,241			5,029
Net Investment Income (Loss)		(629	)		(14,229	)		(4,241	)		(5,029	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		5,560			107,225			-			-
Realized Gain (Loss) on Investments		2,228			40,974			(19,212	)		(22,499	)
Net Realized Capital Gains (Losses) on Investments		7,788			148,199			(19,212	)		(22,499	)
Net Change in Unrealized Appreciation (Depreciation)		1,566			29,180			40,250			44,629
Net Gain (Loss) on Investment		9,354			177,379			21,038			22,130
Net Increase (Decrease) in Net Assets Resulting from Operations		8,725			163,150			16,797			17,101
Increase (Decrease) in Net Assets from Contract Transactions		(5,258	)		(146,899	)		(30,497	)		(46,269	)
Total Increase (Decrease) in Net Assets		3,467			16,251			(13,700	)		(29,168	)
Net Assets as of December 31, 2024:	$	64,562		$	1,196,657		$	308,961		$	323,427

See Accompanying Notes. ⁽¹⁾ See Footnote 1 47

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	MFS® Research Initial Class Subaccount			MFS® Research Service Class Subaccount			MFS® Total Return Initial Class Subaccount			MFS® Total Return Service Class Subaccount
Net Assets as of December 31, 2022:	$	1,399,965		$	1,026,032		$	5,437,865		$	2,474,803
Investment Income:
Reinvested Dividends		7,422			2,568			107,291			39,464
Investment Expense:
Mortality and Expense Risk and Administrative Charges		20,663			14,714			74,290			32,704
Net Investment Income (Loss)		(13,241	)		(12,146	)		33,001			6,760
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		78,436			57,207			223,456			94,191
Realized Gain (Loss) on Investments		22,769			30,020			72,405			66,469
Net Realized Capital Gains (Losses) on Investments		101,205			87,227			295,861			160,660
Net Change in Unrealized Appreciation (Depreciation)		185,727			117,238			128,518			15,458
Net Gain (Loss) on Investment		286,932			204,465			424,379			176,118
Net Increase (Decrease) in Net Assets Resulting from Operations		273,691			192,319			457,380			182,878
Increase (Decrease) in Net Assets from Contract Transactions		(148,070	)		(200,719	)		(452,272	)		(479,291	)
Total Increase (Decrease) in Net Assets		125,621			(8,400	)		5,108			(296,413	)
Net Assets as of December 31, 2023:	$	1,525,586		$	1,017,632		$	5,442,973		$	2,178,390
Investment Income:
Reinvested Dividends		9,359			4,117			127,736			42,664
Investment Expense:
Mortality and Expense Risk and Administrative Charges		22,745			15,770			74,509			29,585
Net Investment Income (Loss)		(13,386	)		(11,653	)		53,227			13,079
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		89,986			64,365			247,286			91,513
Realized Gain (Loss) on Investments		39,601			19,701			145,004			24,038
Net Realized Capital Gains (Losses) on Investments		129,587			84,066			392,290			115,551
Net Change in Unrealized Appreciation (Depreciation)		131,297			94,519			(120,768	)		(18,944	)
Net Gain (Loss) on Investment		260,884			178,585			271,522			96,607
Net Increase (Decrease) in Net Assets Resulting from Operations		247,498			166,932			324,749			109,686
Increase (Decrease) in Net Assets from Contract Transactions		(162,941	)		(70,987	)		(729,624	)		(500,236	)
Total Increase (Decrease) in Net Assets		84,557			95,945			(404,875	)		(390,550	)
Net Assets as of December 31, 2024:	$	1,610,143		$	1,113,577		$	5,038,098		$	1,787,840

See Accompanying Notes. ⁽¹⁾See Footnote 1 48

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	MFS® Total Return Bond Initial Class Subaccount			MFS® Total Return Bond Service Class Subaccount			MFS® Utilities Initial Class Subaccount			MFS® Utilities Service Class Subaccount
Net Assets as of December 31, 2022:	$	131,543		$	977,753		$	4,958,025		$	881,600
Investment Income:
Reinvested Dividends		4,150			27,678			158,670			25,144
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,764			11,084			62,639			11,251
Net Investment Income (Loss)		2,386			16,594			96,031			13,893
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			245,518			42,176
Realized Gain (Loss) on Investments		(2,206	)		(46,514	)		46,463			16,809
Net Realized Capital Gains (Losses) on Investments		(2,206	)		(46,514	)		291,981			58,985
Net Change in Unrealized Appreciation (Depreciation)		7,344			79,693			(559,889	)		(103,911	)
Net Gain (Loss) on Investment		5,138			33,179			(267,908	)		(44,926	)
Net Increase (Decrease) in Net Assets Resulting from Operations		7,524			49,773			(171,877	)		(31,033	)
Increase (Decrease) in Net Assets from Contract Transactions		(7,260	)		(174,267	)		(493,565	)		(115,194	)
Total Increase (Decrease) in Net Assets		264			(124,494	)		(665,442	)		(146,227	)
Net Assets as of December 31, 2023:	$	131,807		$	853,259		$	4,292,583		$	735,373
Investment Income:
Reinvested Dividends		5,484			34,064			98,789			15,373
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,736			10,052			60,148			10,871
Net Investment Income (Loss)		3,748			24,012			38,641			4,502
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			121,906			21,404
Realized Gain (Loss) on Investments		(2,493	)		(11,439	)		81,865			11,861
Net Realized Capital Gains (Losses) on Investments		(2,493	)		(11,439	)		203,771			33,265
Net Change in Unrealized Appreciation (Depreciation)		300			(2,786	)		177,720			31,743
Net Gain (Loss) on Investment		(2,193	)		(14,225	)		381,491			65,008
Net Increase (Decrease) in Net Assets Resulting from Operations		1,555			9,787			420,132			69,510
Increase (Decrease) in Net Assets from Contract Transactions		(14,784	)		(38,240	)		(421,026	)		(9,336	)
Total Increase (Decrease) in Net Assets		(13,229	)		(28,453	)		(894	)		60,174
Net Assets as of December 31, 2024:	$	118,578		$	824,806		$	4,291,689		$	795,547

See Accompanying Notes. ⁽¹⁾ See Footnote 1 49

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Putnam VT Core Equity Class IB Shares Subaccount			Putnam VT Diversified Income Class IB Shares Subaccount			Putnam VT Focused International Equity Class IB Shares Subaccount			Putnam VT George Putnam Balanced Class IB Shares Subaccount
Net Assets as of December 31, 2022:	$	2,688		$	212,304		$	754,840		$	666,392
Investment Income:
Reinvested Dividends		1			12,529			5,406			8,289
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7			3,110			11,544			9,547
Net Investment Income (Loss)		(6	)		9,419			(6,138	)		(1,258	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		22			-			-			-
Realized Gain (Loss) on Investments		2			(6,254	)		6,589			22,616
Net Realized Capital Gains (Losses) on Investments		24			(6,254	)		6,589			22,616
Net Change in Unrealized Appreciation (Depreciation)		228			3,450			128,830			93,648
Net Gain (Loss) on Investment		252			(2,804	)		135,419			116,264
Net Increase (Decrease) in Net Assets Resulting from Operations		246			6,615			129,281			115,006
Increase (Decrease) in Net Assets from Contract Transactions		(2,651	)		(8,784	)		(45,570	)		(62,576	)
Total Increase (Decrease) in Net Assets		(2,405	)		(2,169	)		83,711			52,430
Net Assets as of December 31, 2023:	$	283		$	210,135		$	838,551		$	718,822
Investment Income:
Reinvested Dividends		2			12,773			13,751			8,891
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4			3,192			12,232			11,110
Net Investment Income (Loss)		(2	)		9,581			1,519			(2,219	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		17			-			-			-
Realized Gain (Loss) on Investments		1			(5,639	)		10,984			13,772
Net Realized Capital Gains (Losses) on Investments		18			(5,639	)		10,984			13,772
Net Change in Unrealized Appreciation (Depreciation)		52			4,742			2,858			96,524
Net Gain (Loss) on Investment		70			(897	)		13,842			110,296
Net Increase (Decrease) in Net Assets Resulting from Operations		68			8,684			15,361			108,077
Increase (Decrease) in Net Assets from Contract Transactions		2			(8,347	)		(47,564	)		(23,344	)
Total Increase (Decrease) in Net Assets		70			337			(32,203	)		84,733
Net Assets as of December 31, 2024:	$	353		$	210,472		$	806,348		$	803,555

See Accompanying Notes. ⁽¹⁾ See Footnote 1 50

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$		$			$
	Putnam VT Global Health Care Class IB Shares Subaccount			Putnam VT Government Money Market Class IB Shares Subaccount		Putnam VT Income Class IB Shares Subaccount			Putnam VT International Equity Class IB Shares Subaccount
Net Assets as of December 31, 2022:	$	175,916		$	1,711,461	$	137,541		$	50,831
Investment Income:
Reinvested Dividends		516			75,196		7,678			20
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,560			24,572		1,686			755
Net Investment Income (Loss)		(2,044	)		50,624		5,992			(735	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		13,666			-		-			-
Realized Gain (Loss) on Investments		(625	)		-		(1,327	)		289
Net Realized Capital Gains (Losses) on Investments		13,041			-		(1,327	)		289
Net Change in Unrealized Appreciation (Depreciation)		1,852			-		(17	)		8,929
Net Gain (Loss) on Investment		14,893			-		(1,344	)		9,218
Net Increase (Decrease) in Net Assets Resulting from Operations		12,849			50,624		4,648			8,483
Increase (Decrease) in Net Assets from Contract Transactions		(7,264	)		165,142		(2,710	)		(1,461	)
Total Increase (Decrease) in Net Assets		5,585			215,766		1,938			7,022
Net Assets as of December 31, 2023:	$	181,501		$	1,927,227	$	139,479		$	57,853
Investment Income:
Reinvested Dividends		1,034			94,220		7,582			1,273
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,573			31,420		1,768			774
Net Investment Income (Loss)		(2,539	)		62,800		5,814			499
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		9,519			-		-			-
Realized Gain (Loss) on Investments		1,808			-		(767	)		3,305
Net Realized Capital Gains (Losses) on Investments		11,327			-		(767	)		3,305
Net Change in Unrealized Appreciation (Depreciation)		(9,181	)		-		(3,593	)		(2,427	)
Net Gain (Loss) on Investment		2,146			-		(4,360	)		878
Net Increase (Decrease) in Net Assets Resulting from Operations		(393	)		62,800		1,454			1,377
Increase (Decrease) in Net Assets from Contract Transactions		13,058			151,754		(8	)		(15,394	)
Total Increase (Decrease) in Net Assets		12,665			214,554		1,446			(14,017	)
Net Assets as of December 31, 2024:	$	194,166		$	2,141,781	$	140,925		$	43,836

See Accompanying Notes. ⁽¹⁾ See Footnote 1 51

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	Putnam VT Large Cap Growth Class IB Shares Subaccount			Putnam VT Large Cap Value Class IB Shares Subaccount			Putnam VT Research Class IB Shares Subaccount			Putnam VT Sustainable Leaders Class IB Shares Subaccount
Net Assets as of December 31, 2022:	$	602,781		$	3,191,358		$	143,907		$	8,289
Investment Income:
Reinvested Dividends		-			56,904			1,278			43
Investment Expense:
Mortality and Expense Risk and Administrative Charges		10,794			39,882			2,395			108
Net Investment Income (Loss)		(10,794	)		17,022			(1,117	)		(65	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		9,860			159,513			-			264
Realized Gain (Loss) on Investments		10,809			135,551			1,717			100
Net Realized Capital Gains (Losses) on Investments		20,669			295,064			1,717			364
Net Change in Unrealized Appreciation (Depreciation)		240,964			73,416			38,074			1,582
Net Gain (Loss) on Investment		261,633			368,480			39,791			1,946
Net Increase (Decrease) in Net Assets Resulting from Operations		250,839			385,502			38,674			1,881
Increase (Decrease) in Net Assets from Contract Transactions		(24,973	)		(644,236	)		(777	)		(708	)
Total Increase (Decrease) in Net Assets		225,866			(258,734	)		37,897			1,173
Net Assets as of December 31, 2023:	$	828,647		$	2,932,624		$	181,804		$	9,462
Investment Income:
Reinvested Dividends		-			35,774			799			20
Investment Expense:
Mortality and Expense Risk and Administrative Charges		12,647			45,985			3,126			131
Net Investment Income (Loss)		(12,647	)		(10,211	)		(2,327	)		(111	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		40,232			145,610			1,269			65
Realized Gain (Loss) on Investments		110,157			59,216			1,974			344
Net Realized Capital Gains (Losses) on Investments		150,389			204,826			3,243			409
Net Change in Unrealized Appreciation (Depreciation)		103,871			312,776			43,329			1,679
Net Gain (Loss) on Investment		254,260			517,602			46,572			2,088
Net Increase (Decrease) in Net Assets Resulting from Operations		241,613			507,391			44,245			1,977
Increase (Decrease) in Net Assets from Contract Transactions		(277,108	)		(125,101	)		(872	)		(863	)
Total Increase (Decrease) in Net Assets		(35,495	)		382,290			43,373			1,114
Net Assets as of December 31, 2024:	$	793,152		$	3,314,914		$	225,177		$	10,576

See Accompanying Notes. ⁽¹⁾ See Footnote 1 52

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA Aegon Bond Initial Class Subaccount			TA Aegon Bond Service Class Subaccount			TA Aegon Core Bond Initial Class Subaccount			TA Aegon High Yield Bond Initial Class Subaccount
Net Assets as of December 31, 2022:	$	6,200,599		$	3,364,908		$	1,489,501		$	2,802,885
Investment Income:
Reinvested Dividends		61,232			18,814			39,431			125,296
Investment Expense:
Mortality and Expense Risk and Administrative Charges		101,917			32,912			22,694			50,671
Net Investment Income (Loss)		(40,685	)		(14,098	)		16,737			74,625
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(260,034	)		(204,767	)		(29,672	)		(113,285	)
Net Realized Capital Gains (Losses) on Investments		(260,034	)		(204,767	)		(29,672	)		(113,285	)
Net Change in Unrealized Appreciation (Depreciation)		571,779			358,850			75,067			267,655
Net Gain (Loss) on Investment		311,745			154,083			45,395			154,370
Net Increase (Decrease) in Net Assets Resulting from Operations		271,060			139,985			62,132			228,995
Increase (Decrease) in Net Assets from Contract Transactions		(29,822	)		(762,416	)		(113,250	)		(285,221	)
Total Increase (Decrease) in Net Assets		241,238			(622,431	)		(51,118	)		(56,226	)
Net Assets as of December 31, 2023:	$	6,441,837		$	2,742,477		$	1,438,383		$	2,746,659
Investment Income:
Reinvested Dividends		244,325			104,256			73,201			131,772
Investment Expense:
Mortality and Expense Risk and Administrative Charges		95,060			28,006			21,658			47,422
Net Investment Income (Loss)		149,265			76,250			51,543			84,350
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(175,329	)		(68,145	)		(41,134	)		(54,837	)
Net Realized Capital Gains (Losses) on Investments		(175,329	)		(68,145	)		(41,134	)		(54,837	)
Net Change in Unrealized Appreciation (Depreciation)		53,728			10,898			(17,648	)		110,787
Net Gain (Loss) on Investment		(121,601	)		(57,247	)		(58,782	)		55,950
Net Increase (Decrease) in Net Assets Resulting from Operations		27,664			19,003			(7,239	)		140,300
Increase (Decrease) in Net Assets from Contract Transactions		(713,366	)		(165,979	)		(29,300	)		(411,026	)
Total Increase (Decrease) in Net Assets		(685,702	)		(146,976	)		(36,539	)		(270,726	)
Net Assets as of December 31, 2024:	$	5,756,135		$	2,595,501		$	1,401,844		$	2,475,933

See Accompanying Notes. ⁽¹⁾ See Footnote 1 53

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA Aegon High Yield Bond Service Class Subaccount			TA Aegon Sustainable Equity Income Initial Class Subaccount			TA Aegon Sustainable Equity Income Service Class Subaccount			TA Aegon U.S. Government Securities Initial Class Subaccount
Net Assets as of December 31, 2022:	$	278,370		$	10,669,626		$	1,782,332		$	1,848,656
Investment Income:
Reinvested Dividends		11,493			229,064			31,195			36,547
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,732			166,692			16,977			43,923
Net Investment Income (Loss)		8,761			62,372			14,218			(7,376	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(3,934	)		15,398			(19,934	)		(62,489	)
Net Realized Capital Gains (Losses) on Investments		(3,934	)		15,398			(19,934	)		(62,489	)
Net Change in Unrealized Appreciation (Depreciation)		21,001			365,379			76,329			102,359
Net Gain (Loss) on Investment		17,067			380,777			56,395			39,870
Net Increase (Decrease) in Net Assets Resulting from Operations		25,828			443,149			70,613			32,494
Increase (Decrease) in Net Assets from Contract Transactions		(17,349	)		(619,862	)		(219,125	)		278,444
Total Increase (Decrease) in Net Assets		8,479			(176,713	)		(148,512	)		310,938
Net Assets as of December 31, 2023:	$	286,849		$	10,492,913		$	1,633,820		$	2,159,594
Investment Income:
Reinvested Dividends		12,793			223,182			30,897			71,331
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,777			178,352			17,347			42,451
Net Investment Income (Loss)		10,016			44,830			13,550			28,880
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(4,000	)		169,443			11,920			(50,519	)
Net Realized Capital Gains (Losses) on Investments		(4,000	)		169,443			11,920			(50,519	)
Net Change in Unrealized Appreciation (Depreciation)		10,166			1,319,198			212,979			(14,758	)
Net Gain (Loss) on Investment		6,166			1,488,641			224,899			(65,277	)
Net Increase (Decrease) in Net Assets Resulting from Operations		16,182			1,533,471			238,449			(36,397	)
Increase (Decrease) in Net Assets from Contract Transactions		(26,765	)		(1,410,137	)		(148,078	)		(213,844	)
Total Increase (Decrease) in Net Assets		(10,583	)		123,334			90,371			(250,241	)
Net Assets as of December 31, 2024:	$	276,266		$	10,616,247		$	1,724,191		$	1,909,353

See Accompanying Notes. ⁽¹⁾ See Footnote 1 54

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA Aegon U.S. Government Securities Service Class Subaccount			TA BlackRock Government Money Market Initial Class Subaccount			TA BlackRock Government Money Market Service Class Subaccount			TA BlackRock iShares Edge 40 Initial Class Subaccount
Net Assets as of December 31, 2022:	$	3,051,097		$	8,620,370		$	5,310,610		$	1,138,581
Investment Income:
Reinvested Dividends		39,604			322,000			190,858			26,122
Investment Expense:
Mortality and Expense Risk and Administrative Charges		31,899			133,191			47,708			19,719
Net Investment Income (Loss)		7,705			188,809			143,150			6,403
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			17,766
Realized Gain (Loss) on Investments		(118,352	)		-			-			(14,272	)
Net Realized Capital Gains (Losses) on Investments		(118,352	)		-			-			3,494
Net Change in Unrealized Appreciation (Depreciation)		180,128			-			-			73,048
Net Gain (Loss) on Investment		61,776			-			-			76,542
Net Increase (Decrease) in Net Assets Resulting from Operations		69,481			188,809			143,150			82,945
Increase (Decrease) in Net Assets from Contract Transactions		(769,236	)		(2,366,864	)		(1,410,436	)		(60,100	)
Total Increase (Decrease) in Net Assets		(699,755	)		(2,178,055	)		(1,267,286	)		22,845
Net Assets as of December 31, 2023:	$	2,351,342		$	6,442,315		$	4,043,324		$	1,161,426
Investment Income:
Reinvested Dividends		52,878			326,811			168,255			30,414
Investment Expense:
Mortality and Expense Risk and Administrative Charges		21,297			138,651			41,847			19,811
Net Investment Income (Loss)		31,581			188,160			126,408			10,603
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			16,964
Realized Gain (Loss) on Investments		(46,410	)		-			-			(12,793	)
Net Realized Capital Gains (Losses) on Investments		(46,410	)		-			-			4,171
Net Change in Unrealized Appreciation (Depreciation)		(1,555	)		-			-			39,866
Net Gain (Loss) on Investment		(47,965	)		-			-			44,037
Net Increase (Decrease) in Net Assets Resulting from Operations		(16,384	)		188,160			126,408			54,640
Increase (Decrease) in Net Assets from Contract Transactions		(883,108	)		(383,131	)		(829,627	)		(114,086	)
Total Increase (Decrease) in Net Assets		(899,492	)		(194,971	)		(703,219	)		(59,446	)
Net Assets as of December 31, 2024:	$	1,451,850		$	6,247,344		$	3,340,105		$	1,101,980

See Accompanying Notes. ⁽¹⁾ See Footnote 1 55

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA BlackRock iShares Edge 40 Service Class Subaccount			TA BlackRock Real Estate Securities Initial Class Subaccount			TA BlackRock Real Estate Securities Service Class Subaccount			TA International Focus Initial Class Subaccount
Net Assets as of December 31, 2022:	$	325,359		$	296,046		$	176,679		$	871,418
Investment Income:
Reinvested Dividends		6,345			20,446			9,458			17,640
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,431			5,493			1,625			16,087
Net Investment Income (Loss)		2,914			14,953			7,833			1,553
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		4,952			-			-			-
Realized Gain (Loss) on Investments		(6,544	)		(24,662	)		(2,110	)		(5,052	)
Net Realized Capital Gains (Losses) on Investments		(1,592	)		(24,662	)		(2,110	)		(5,052	)
Net Change in Unrealized Appreciation (Depreciation)		22,887			30,682			15,594			91,526
Net Gain (Loss) on Investment		21,295			6,020			13,484			86,474
Net Increase (Decrease) in Net Assets Resulting from Operations		24,209			20,973			21,317			88,027
Increase (Decrease) in Net Assets from Contract Transactions		(33,348	)		(21,432	)		3,511			(57,243	)
Total Increase (Decrease) in Net Assets		(9,139	)		(459	)		24,828			30,784
Net Assets as of December 31, 2023:	$	316,220		$	295,587		$	201,507		$	902,202
Investment Income:
Reinvested Dividends		7,558			6,189			3,479			18,160
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,334			4,791			1,770			15,100
Net Investment Income (Loss)		4,224			1,398			1,709			3,060
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		4,678			-			-			25,007
Realized Gain (Loss) on Investments		(8,075	)		(7,682	)		(6,395	)		(739	)
Net Realized Capital Gains (Losses) on Investments		(3,397	)		(7,682	)		(6,395	)		24,268
Net Change in Unrealized Appreciation (Depreciation)		16,372			5,479			4,996			(39,769	)
Net Gain (Loss) on Investment		12,975			(2,203	)		(1,399	)		(15,501	)
Net Increase (Decrease) in Net Assets Resulting from Operations		17,199			(805	)		310			(12,441	)
Increase (Decrease) in Net Assets from Contract Transactions		(94,514	)		(32,645	)		(10,707	)		(180,452	)
Total Increase (Decrease) in Net Assets		(77,315	)		(33,450	)		(10,397	)		(192,893	)
Net Assets as of December 31, 2024:	$	238,905		$	262,137		$	191,110		$	709,309

See Accompanying Notes. ⁽¹⁾ See Footnote 1 56

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA International Focus Service Class Subaccount			TA Janus Mid-Cap Growth Initial Class Subaccount			TA Janus Mid-Cap Growth Service Class Subaccount			TA JPMorgan Asset Allocation -  Conservative Initial Class Subaccount
Net Assets as of December 31, 2022:	$	673,246		$	7,705,913		$	651,869		$	9,643,448
Investment Income:
Reinvested Dividends		12,645			-			-			215,641
Investment Expense:
Mortality and Expense Risk and Administrative Charges		6,083			117,751			5,481			151,605
Net Investment Income (Loss)		6,562			(117,751	)		(5,481	)		64,036
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			1,398,413			79,483			-
Realized Gain (Loss) on Investments		164			12,238			5,359			(318,949	)
Net Realized Capital Gains (Losses) on Investments		164			1,410,651			84,842			(318,949	)
Net Change in Unrealized Appreciation (Depreciation)		69,358			(151,764	)		(2,239	)		747,382
Net Gain (Loss) on Investment		69,522			1,258,887			82,603			428,433
Net Increase (Decrease) in Net Assets Resulting from Operations		76,084			1,141,136			77,122			492,469
Increase (Decrease) in Net Assets from Contract Transactions		(1,628	)		(512,237	)		(264,424	)		(474,972	)
Total Increase (Decrease) in Net Assets		74,456			628,899			(187,302	)		17,497
Net Assets as of December 31, 2023:	$	747,702		$	8,334,812		$	464,567		$	9,660,945
Investment Income:
Reinvested Dividends		15,738			11,599			-			188,648
Investment Expense:
Mortality and Expense Risk and Administrative Charges		6,412			130,579			5,317			148,955
Net Investment Income (Loss)		9,326			(118,980	)		(5,317	)		39,693
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		24,244			518,715			31,137			-
Realized Gain (Loss) on Investments		4,082			111,139			(359	)		(259,682	)
Net Realized Capital Gains (Losses) on Investments		28,326			629,854			30,778			(259,682	)
Net Change in Unrealized Appreciation (Depreciation)		(51,208	)		534,109			33,014			597,360
Net Gain (Loss) on Investment		(22,882	)		1,163,963			63,792			337,678
Net Increase (Decrease) in Net Assets Resulting from Operations		(13,556	)		1,044,983			58,475			377,371
Increase (Decrease) in Net Assets from Contract Transactions		(40,175	)		(542,068	)		(30,760	)		(1,259,702	)
Total Increase (Decrease) in Net Assets		(53,731	)		502,915			27,715			(882,331	)
Net Assets as of December 31, 2024:	$	693,971		$	8,837,727		$	492,282		$	8,778,614

See Accompanying Notes. ⁽¹⁾ See Footnote 1 57

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA JPMorgan Asset Allocation -  Conservative Service Class Subaccount			TA JPMorgan Asset Allocation -  Growth Initial Class Subaccount			TA JPMorgan Asset Allocation -  Growth Service Class Subaccount			TA JPMorgan Asset Allocation -  Moderate Initial Class Subaccount
Net Assets as of December 31, 2022:	$	16,882,236		$	7,325,453		$	7,826,570		$	17,163,301
Investment Income:
Reinvested Dividends		292,490			121,051			113,915			343,388
Investment Expense:
Mortality and Expense Risk and Administrative Charges		181,886			112,354			104,944			270,112
Net Investment Income (Loss)		110,604			8,697			8,971			73,276
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			98,661			109,738			124,006
Realized Gain (Loss) on Investments		(1,040,215	)		(320,536	)		(322,759	)		(312,748	)
Net Realized Capital Gains (Losses) on Investments		(1,040,215	)		(221,875	)		(213,021	)		(188,742	)
Net Change in Unrealized Appreciation (Depreciation)		1,684,992			1,431,858			1,539,439			1,281,806
Net Gain (Loss) on Investment		644,777			1,209,983			1,326,418			1,093,064
Net Increase (Decrease) in Net Assets Resulting from Operations		755,381			1,218,680			1,335,389			1,166,340
Increase (Decrease) in Net Assets from Contract Transactions		(3,688,207	)		(1,209,171	)		(1,036,862	)		(1,735,595	)
Total Increase (Decrease) in Net Assets		(2,932,826	)		9,509			298,527			(569,255	)
Net Assets as of December 31, 2023:	$	13,949,410		$	7,334,962		$	8,125,097		$	16,594,046
Investment Income:
Reinvested Dividends		232,620			104,968			97,128			257,192
Investment Expense:
Mortality and Expense Risk and Administrative Charges		159,638			124,502			114,760			269,805
Net Investment Income (Loss)		72,982			(19,534	)		(17,632	)		(12,613	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			146,387			161,980			-
Realized Gain (Loss) on Investments		(446,174	)		(25,647	)		3,871			(98,138	)
Net Realized Capital Gains (Losses) on Investments		(446,174	)		120,740			165,851			(98,138	)
Net Change in Unrealized Appreciation (Depreciation)		940,521			943,001			1,014,885			1,122,587
Net Gain (Loss) on Investment		494,347			1,063,741			1,180,736			1,024,449
Net Increase (Decrease) in Net Assets Resulting from Operations		567,329			1,044,207			1,163,104			1,011,836
Increase (Decrease) in Net Assets from Contract Transactions		(2,273,030	)		(576,076	)		(682,162	)		(1,945,270	)
Total Increase (Decrease) in Net Assets		(1,705,701	)		468,131			480,942			(933,434	)
Net Assets as of December 31, 2024:	$	12,243,709		$	7,803,093		$	8,606,039		$	15,660,612

See Accompanying Notes. ⁽¹⁾ See Footnote 1 58

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA JPMorgan Asset Allocation - Moderate Service Class Subaccount			TA JPMorgan Asset Allocation - Moderate Growth Initial Class Subaccount			TA JPMorgan Asset Allocation - Moderate Growth Service Class Subaccount			TA JPMorgan Enhanced Index Initial Class Subaccount
Net Assets as of December 31, 2022:	$	39,737,043		$	25,695,784		$	87,877,402		$	3,312,836
Investment Income:
Reinvested Dividends		675,529			495,289			1,438,907			28,289
Investment Expense:
Mortality and Expense Risk and Administrative Charges		429,385			399,266			974,845			67,582
Net Investment Income (Loss)		246,144			96,023			464,062			(39,293	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		282,277			1,096,094			3,721,571			162,744
Realized Gain (Loss) on Investments		(1,520,626	)		(554,647	)		(3,632,222	)		(43,461	)
Net Realized Capital Gains (Losses) on Investments		(1,238,349	)		541,447			89,349			119,283
Net Change in Unrealized Appreciation (Depreciation)		3,619,726			1,902,466			7,841,580			678,881
Net Gain (Loss) on Investment		2,381,377			2,443,913			7,930,929			798,164
Net Increase (Decrease) in Net Assets Resulting from Operations		2,627,521			2,539,936			8,394,991			758,871
Increase (Decrease) in Net Assets from Contract Transactions		(6,205,289	)		(2,347,620	)		(13,999,450	)		(615,563	)
Total Increase (Decrease) in Net Assets		(3,577,768	)		192,316			(5,604,459	)		143,308
Net Assets as of December 31, 2023:	$	36,159,275		$	25,888,100		$	82,272,943		$	3,456,144
Investment Income:
Reinvested Dividends		483,763			323,028			792,113			68,835
Investment Expense:
Mortality and Expense Risk and Administrative Charges		421,131			423,562			962,448			136,144
Net Investment Income (Loss)		62,632			(100,534	)		(170,335	)		(67,309	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			339,255
Realized Gain (Loss) on Investments		(516,382	)		(416,556	)		(2,122,901	)		164,786
Net Realized Capital Gains (Losses) on Investments		(516,382	)		(416,556	)		(2,122,901	)		504,041
Net Change in Unrealized Appreciation (Depreciation)		2,668,672			2,861,614			9,704,236			1,139,295
Net Gain (Loss) on Investment		2,152,290			2,445,058			7,581,335			1,643,336
Net Increase (Decrease) in Net Assets Resulting from Operations		2,214,922			2,344,524			7,411,000			1,576,027
Increase (Decrease) in Net Assets from Contract Transactions		(4,082,709	)		(2,210,189	)		(11,356,931	)		5,499,868
Total Increase (Decrease) in Net Assets		(1,867,787	)		134,335			(3,945,931	)		7,075,895
Net Assets as of December 31, 2024:	$	34,291,488		$	26,022,435		$	78,327,012		$	10,532,039

See Accompanying Notes. ⁽¹⁾ See Footnote 1 59

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA JPMorgan Enhanced Index Service Class Subaccount			TA JPMorgan International Moderate Growth Initial Class Subaccount			TA JPMorgan International Moderate Growth Service Class Subaccount			TA JPMorgan Tactical Allocation Initial Class Subaccount
Net Assets as of December 31, 2022:	$	569,242		$	313,179		$	6,130,222		$	527,290
Investment Income:
Reinvested Dividends		4,921			5,143			76,019			9,760
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,049			4,212			61,407			7,090
Net Investment Income (Loss)		(2,128	)		931			14,612			2,670
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		39,631			-			-			-
Realized Gain (Loss) on Investments		6,938			(1,804	)		51,096			(11,526	)
Net Realized Capital Gains (Losses) on Investments		46,569			(1,804	)		51,096			(11,526	)
Net Change in Unrealized Appreciation (Depreciation)		134,661			24,466			354,256			45,169
Net Gain (Loss) on Investment		181,230			22,662			405,352			33,643
Net Increase (Decrease) in Net Assets Resulting from Operations		179,102			23,593			419,964			36,313
Increase (Decrease) in Net Assets from Contract Transactions		176,886			(10,800	)		(914,847	)		(50,927	)
Total Increase (Decrease) in Net Assets		355,988			12,793			(494,883	)		(14,614	)
Net Assets as of December 31, 2023:	$	925,230		$	325,972		$	5,635,339		$	512,676
Investment Income:
Reinvested Dividends		4,106			7,681			115,728			14,196
Investment Expense:
Mortality and Expense Risk and Administrative Charges		8,525			4,170			58,519			7,152
Net Investment Income (Loss)		(4,419	)		3,511			57,209			7,044
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		28,364			-			-			-
Realized Gain (Loss) on Investments		57,850			(246	)		43,409			(4,199	)
Net Realized Capital Gains (Losses) on Investments		86,214			(246	)		43,409			(4,199	)
Net Change in Unrealized Appreciation (Depreciation)		110,490			(80	)		(43,129	)		11,227
Net Gain (Loss) on Investment		196,704			(326	)		280			7,028
Net Increase (Decrease) in Net Assets Resulting from Operations		192,285			3,185			57,489			14,072
Increase (Decrease) in Net Assets from Contract Transactions		(202,622	)		(97,427	)		(718,936	)		(39,197	)
Total Increase (Decrease) in Net Assets		(10,337	)		(94,242	)		(661,447	)		(25,125	)
Net Assets as of December 31, 2024:	$	914,893		$	231,730		$	4,973,892		$	487,551

See Accompanying Notes. ⁽¹⁾ See Footnote 1 60

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA JPMorgan Tactical Allocation Service Class Subaccount			TA Multi-Managed Balanced Initial Class Subaccount			TA Multi-Managed Balanced Service Class Subaccount			TA Small/Mid Cap Value Initial Class Subaccount
Net Assets as of December 31, 2022:	$	604,675		$	2,663,699		$	17,073,179		$	3,323,511
Investment Income:
Reinvested Dividends		9,050			41,815			235,625			34,820
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,609			46,597			188,645			50,135
Net Investment Income (Loss)		1,441			(4,782	)		46,980			(15,315	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			88,376			602,649			320,268
Realized Gain (Loss) on Investments		(26,932	)		24,093			103,278			(3,241	)
Net Realized Capital Gains (Losses) on Investments		(26,932	)		112,469			705,927			317,027
Net Change in Unrealized Appreciation (Depreciation)		62,467			306,968			2,073,188			39,295
Net Gain (Loss) on Investment		35,535			419,437			2,779,115			356,322
Net Increase (Decrease) in Net Assets Resulting from Operations		36,976			414,655			2,826,095			341,007
Increase (Decrease) in Net Assets from Contract Transactions		(105,247	)		(326,537	)		(1,346,545	)		(186,041	)
Total Increase (Decrease) in Net Assets		(68,271	)		88,118			1,479,550			154,966
Net Assets as of December 31, 2023:	$	536,404		$	2,751,817		$	18,552,729		$	3,478,477
Investment Income:
Reinvested Dividends		12,939			52,917			300,676			32,655
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,112			48,345			197,222			53,019
Net Investment Income (Loss)		5,827			4,572			103,454			(20,364	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			115,336			754,109			109,281
Realized Gain (Loss) on Investments		(20,326	)		70,307			611,849			8,180
Net Realized Capital Gains (Losses) on Investments		(20,326	)		185,643			1,365,958			117,461
Net Change in Unrealized Appreciation (Depreciation)		32,564			143,886			787,407			152,145
Net Gain (Loss) on Investment		12,238			329,529			2,153,365			269,606
Net Increase (Decrease) in Net Assets Resulting from Operations		18,065			334,101			2,256,819			249,242
Increase (Decrease) in Net Assets from Contract Transactions		(140,755	)		(377,553	)		(4,017,759	)		(417,234	)
Total Increase (Decrease) in Net Assets		(122,690	)		(43,452	)		(1,760,940	)		(167,992	)
Net Assets as of December 31, 2024:	$	413,714		$	2,708,365		$	16,791,789		$	3,310,485

See Accompanying Notes. ⁽¹⁾ See Footnote 1 61

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA T. Rowe Price Small Cap Initial Class Subaccount			TA T. Rowe Price Small Cap Service Class Subaccount			TA TSW International Equity Initial Class Subaccount			TA TSW International Equity Service Class Subaccount
Net Assets as of December 31, 2022:	$	2,201,377		$	559,280		$	687,436		$	400,652
Investment Income:
Reinvested Dividends		-			-			8,812			3,423
Investment Expense:
Mortality and Expense Risk and Administrative Charges		35,960			5,933			14,653			4,785
Net Investment Income (Loss)		(35,960	)		(5,933	)		(5,841	)		(1,362	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		80,862			29,673			-			-
Realized Gain (Loss) on Investments		(294,955	)		(6,603	)		(1,613	)		3,821
Net Realized Capital Gains (Losses) on Investments		(214,093	)		23,070			(1,613	)		3,821
Net Change in Unrealized Appreciation (Depreciation)		633,745			97,185			91,879			54,973
Net Gain (Loss) on Investment		419,652			120,255			90,266			58,794
Net Increase (Decrease) in Net Assets Resulting from Operations		383,692			114,322			84,425			57,432
Increase (Decrease) in Net Assets from Contract Transactions		(426,244	)		27,967			(7,556	)		22,508
Total Increase (Decrease) in Net Assets		(42,552	)		142,289			76,869			79,940
Net Assets as of December 31, 2023:	$	2,158,825		$	701,569		$	764,305		$	480,592
Investment Income:
Reinvested Dividends		-			-			19,178			11,515
Investment Expense:
Mortality and Expense Risk and Administrative Charges		32,210			6,979			13,265			4,962
Net Investment Income (Loss)		(32,210	)		(6,979	)		5,913			6,553
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		64,379			30,325			-			-
Realized Gain (Loss) on Investments		(130,364	)		(18,888	)		11,293			21,486
Net Realized Capital Gains (Losses) on Investments		(65,985	)		11,437			11,293			21,486
Net Change in Unrealized Appreciation (Depreciation)		318,290			74,302			(3,419	)		(17,746	)
Net Gain (Loss) on Investment		252,305			85,739			7,874			3,740
Net Increase (Decrease) in Net Assets Resulting from Operations		220,095			78,760			13,787			10,293
Increase (Decrease) in Net Assets from Contract Transactions		(605,450	)		(40,251	)		(134,336	)		(94,355	)
Total Increase (Decrease) in Net Assets		(385,355	)		38,509			(120,549	)		(84,062	)
Net Assets as of December 31, 2024:	$	1,773,470		$	740,078		$	643,756		$	396,530

See Accompanying Notes. ⁽¹⁾ See Footnote 1 62

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2024 and 2023

 

	$			$			$			$
	TA TSW Mid Cap Value Opportunities Initial Class Subaccount			TA WMC US Growth Initial Class Subaccount			TA WMC US Growth Service Class Subaccount			Wanger Acorn Subaccount
Net Assets as of December 31, 2022:	$	1,369,744		$	25,945,070		$	4,228,617		$	1,090,331
Investment Income:
Reinvested Dividends		19,625			15,102			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		21,976			530,010			57,352			13,189
Net Investment Income (Loss)		(2,351	)		(514,908	)		(57,352	)		(13,189	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		120,408			1,063,607			161,115			-
Realized Gain (Loss) on Investments		(25,135	)		786,047			(27,271	)		(262,201	)
Net Realized Capital Gains (Losses) on Investments		95,273			1,849,654			133,844			(262,201	)
Net Change in Unrealized Appreciation (Depreciation)		22,272			10,226,698			1,645,319			470,927
Net Gain (Loss) on Investment		117,545			12,076,352			1,779,163			208,726
Net Increase (Decrease) in Net Assets Resulting from Operations		115,194			11,561,444			1,721,811			195,537
Increase (Decrease) in Net Assets from Contract Transactions		(99,191	)		4,484,408			17,963			(289,245	)
Total Increase (Decrease) in Net Assets		16,003			16,045,852			1,739,774			(93,708	)
Net Assets as of December 31, 2023:	$	1,385,747		$	41,990,922		$	5,968,391		$	996,623
Investment Income:
Reinvested Dividends		18,080			5,114			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		22,120			701,959			65,667			12,812
Net Investment Income (Loss)		(4,040	)		(696,845	)		(65,667	)		(12,812	)
Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		201,539			4,164,701			552,653			-
Realized Gain (Loss) on Investments		(43,221	)		2,026,309			349,728			(45,811	)
Net Realized Capital Gains (Losses) on Investments		158,318			6,191,010			902,381			(45,811	)
Net Change in Unrealized Appreciation (Depreciation)		(63,249	)		5,467,392			619,683			180,459
Net Gain (Loss) on Investment		95,069			11,658,402			1,522,064			134,648
Net Increase (Decrease) in Net Assets Resulting from Operations		91,029			10,961,557			1,456,397			121,836
Increase (Decrease) in Net Assets from Contract Transactions		(239,307	)		(4,837,058	)		(1,305,377	)		(99,080	)
Total Increase (Decrease) in Net Assets		(148,278	)		6,124,499			151,020			22,756
Net Assets as of December 31, 2024:	$	1,237,469		$	48,115,421		$	6,119,411		$	1,019,379

See Accompanying Notes. ⁽¹⁾ See Footnote 1 63

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

1. Organization

Retirement Builder Variable Annuity Account (the Separate Account) is a segregated investment account of Transamerica Life Insurance Company (TLIC), an indirect wholly owned subsidiary of Aegon Ltd., a holding company organized under the laws of the Bermuda.

The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940. TLIC and the Separate Account are regulated by the Securities and Exchange Commission. The assets and liabilities of the Separate Account are clearly identified and distinguished from TLIC’s other assets and liabilities. The Separate Account consists of multiple investment subaccounts. Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund. Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended. Activity in these specified investment subaccounts is available to contract owners of The Atlas Portfolio Builder^SM Variable Annuity, Immediate Income Builder^SM, Immediate Income Builder^SM II, Transamerica Access^SM Variable Annuity, Retirement Income Builder^® Variable Annuity, Retirement Income Builder II^® Variable Annuity, Portfolio Select^SM Variable Annuity, Privilege Select^SM Variable Annuity, Principal-Plus^SM Variable Annuity, Premier Asset Builder^® Variable Annuity, Retirement Income Builder^® - BAI Variable Annuity, Transamerica Preferred Advantage^SM Variable Annuity, The One Income Annuity^SM, Transamerica Principium^SM Variable Annuity, Huntington Allstar Select^SM Variable Annuity, Transamerica Opportunity Builder Variable Annuity and Transamerica Traditions Variable Annuity.

Subaccount Investment by Mutual Fund:

Subaccount	Mutual Fund
AB Variable Products Series Fund, Inc.	AB Variable Products Series Fund, Inc.
AB Large Cap Growth Class B Shares	AB Large Cap Growth Portfolio Class B Shares
AB Relative Value Class B Shares	AB Relative Value Portfolio Class B Shares
AB Sustainable Global Thematic Growth Class B Shares	AB Sustainable Global Thematic Growth Portfolio Class B Shares
Allspring Variable Trust	Allspring Variable Trust
Allspring VT Discovery All Cap Growth Class 1 Shares	Allspring VT Discovery All Cap Growth Fund Class 1 Shares
Allspring VT Discovery All Cap Growth Class 2 Shares	Allspring VT Discovery All Cap Growth Fund Class 2 Shares
Allspring VT Opportunity Class 1 Shares	Allspring VT Opportunity Fund Class 1 Shares
Allspring VT Opportunity Class 2 Shares	Allspring VT Opportunity Fund Class 2 Shares
Allspring VT Small Cap Growth Class 1 Shares	Allspring VT Small Cap Growth Fund Class 1 Shares
Allspring VT Small Cap Growth Class 2 Shares	Allspring VT Small Cap Growth Fund Class 2 Shares
BNY Mellon Funds	BNY Mellon Funds
BNY Mellon Stock Index Initial Shares	BNY Mellon Stock Index Portfolio Initial Shares
BNY Mellon Stock Index Service Shares	BNY Mellon Stock Index Portfolio Service Shares
BNY Mellon Sustainable U.S. Equity Initial Shares	BNY Mellon Sustainable U.S. Equity Portfolio Initial Shares
BNY Mellon VIF Appreciation Initial Shares	BNY Mellon VIF Appreciation Portfolio Initial Shares
BNY Mellon VIF Government Money Market	BNY Mellon VIF Government Money Market Portfolio
BNY Mellon VIF Growth and Income Initial Shares	BNY Mellon VIF Growth and Income Portfolio Initial Shares
BNY Mellon VIF Opportunistic Small Cap Initial Shares	BNY Mellon VIF Opportunistic Small Cap Portfolio Initial Shares
Columbia Funds Variable Insurance Trust	Columbia Funds Variable Insurance Trust
Columbia - Dividend Opportunity Class 1 Shares	Columbia Variable Portfolio - Dividend Opportunity Fund Class 1 Shares
Columbia - Income Opportunity Class 1 Shares	Columbia Variable Portfolio - Income Opportunity Fund Class 1 Shares
Columbia - Large Cap Growth Class 1 Shares	Columbia Variable Portfolio - Large Cap Growth Fund Class 1 Shares
Columbia - Overseas Core Class 2 Shares	Columbia Variable Portfolio - Overseas Core Fund Class 2 Shares
Columbia - Select Mid Cap Growth Class 1 Shares	Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 1 Shares
Columbia - Select Mid Cap Value Class 1 Shares	Columbia Variable Portfolio - Select Mid Cap Value Fund Class 1 Shares
Columbia - Small Cap Value Class 1 Shares	Columbia Variable Portfolio - Small Cap Value Fund Class 1 Shares
Columbia - Small Company Growth Class 1 Shares	Columbia Variable Portfolio - Small Company Growth Fund Class 1 Shares
Columbia - Strategic Income Class 1 Shares	Columbia Variable Portfolio - Strategic Income Fund Class 1 Shares
Columbia Funds Variable Insurance Trust	Columbia Funds Variable Insurance Trust
CTIVP® - Principal Blue Chip Growth Class 1 Shares	CTIVP® - Principal Blue Chip Growth Fund Class 1 Shares

64

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

1. Organization (continued)

Subaccount Investment by Mutual Fund:

Subaccount	Mutual Fund
Davis Variable Account Fund, Inc.	Davis Variable Account Fund, Inc.
Davis Equity	Davis Equity Portfolio
Federated Insurance Series	Federated Insurance Series
Federated Hermes Government Money II Service Shares	Federated Hermes Government Money Fund II Service Shares
Federated Hermes High Income Bond II Primary Shares	Federated Hermes High Income Bond II Fund Primary Shares
Federated Hermes Kaufmann II Primary Shares	Federated Hermes Kaufmann II Fund Primary Shares
Federated Hermes Kaufmann II Service Shares	Federated Kaufmann II Fund Service Shares
Federated Hermes Managed Volatility II Primary Shares	Federated Hermes Managed Volatility II Fund Primary Shares
Federated Hermes Managed Volatility II Service Shares	Federated Hermes Managed Volatility II Fund Service Shares
Federated Hermes Quality Bond II Primary Shares	Federated Hermes Quality Bond II Fund Primary Shares
Fidelity® Variable Insurance Products Fund	Fidelity® Variable Insurance Products Fund
Fidelity® VIP Asset Manager Initial Class	Fidelity® VIP Asset Manager Portfolio Initial Class
Fidelity® VIP Asset Manager: Growth Initial Class	Fidelity® VIP Asset Manager: Growth Portfolio Initial Class
Fidelity® VIP Balanced Initial Class	Fidelity® VIP Balanced Portfolio Initial Class
Fidelity® VIP Balanced Service Class 2	Fidelity® VIP Balanced Portfolio Service Class 2
Fidelity® VIP Contrafund® Initial Class	Fidelity® VIP Contrafund® Portfolio Initial Class
Fidelity® VIP Contrafund® Service Class 2	Fidelity® VIP Contrafund® Portfolio Service Class 2
Fidelity® VIP Equity-Income Initial Class	Fidelity® VIP Equity-Income Portfolio Initial Class
Fidelity® VIP Equity-Income Service Class 2	Fidelity® VIP Equity-Income Portfolio Service Class 2
Fidelity® VIP Government Money Market Initial Class	Fidelity® VIP Government Money Market Portfolio Initial Class
Fidelity® VIP Government Money Market Service Class 2	Fidelity® VIP Government Money Market Portfolio Service Class 2
Fidelity® VIP Growth Initial Class	Fidelity® VIP Growth Portfolio Initial Class
Fidelity® VIP Growth Service Class 2	Fidelity® VIP Growth Portfolio Service Class 2
Fidelity® VIP Growth & Income Initial Class	Fidelity® VIP Growth & Income Portfolio Initial Class
Fidelity® VIP Growth & Income Service Class 2	Fidelity® VIP Growth & Income Portfolio Service Class 2
Fidelity® VIP Growth Opportunities Initial Class	Fidelity® VIP Growth Opportunities Portfolio Initial Class
Fidelity® VIP Growth Opportunities Service Class	Fidelity® VIP Growth Opportunities Portfolio Service Class
Fidelity® VIP Growth Opportunities Service Class 2	Fidelity® VIP Growth Opportunities Portfolio Service Class 2
Fidelity® VIP High Income Initial Class	Fidelity® VIP High Income Portfolio Initial Class
Fidelity® VIP High Income Service Class	Fidelity® VIP High Income Portfolio Service Class
Fidelity® VIP High Income Service Class 2	Fidelity® VIP High Income Portfolio Service Class 2
Fidelity® VIP Index 500 Initial Class	Fidelity® VIP Index 500 Portfolio Initial Class
Fidelity® VIP Index 500 Service Class 2	Fidelity® VIP Index 500 Portfolio Service Class 2
Fidelity® VIP Investment Grade Bond Initial Class	Fidelity® VIP Investment Grade Bond Portfolio Initial Class
Fidelity® VIP Investment Grade Bond Service Class 2	Fidelity® VIP Investment Grade Bond Portfolio Service Class 2
Fidelity® VIP Mid Cap Initial Class	Fidelity® VIP Mid Cap Portfolio Initial Class
Fidelity® VIP Mid Cap Service Class 2	Fidelity® VIP Mid Cap Portfolio Service Class 2
Fidelity® VIP Overseas Initial Class	Fidelity® VIP Overseas Portfolio Initial Class
Fidelity® VIP Value Strategies Service Class 2	Fidelity® VIP Value Strategies Portfolio Service Class 2
Franklin Templeton Variable Insurance Products Trust	Franklin Templeton Variable Insurance Products Trust
Franklin Income Class 2 Shares	Franklin Income Fund Class 2 Shares
Franklin Mutual Shares Class 2 Shares	Franklin Mutual Shares Fund Class 2 Shares
Franklin Rising Dividends Class 2 Shares	Franklin Rising Dividends Fund Class 2 Shares
Franklin Small Cap Value Class 2 Shares	Franklin Small Cap Value Fund Class 2 Shares
Franklin Small-Mid Cap Growth Class 2 Shares	Franklin Small-Mid Cap Growth Fund Class 2 Shares
Franklin Templeton Developing Markets Class 2 Shares	Franklin Templeton Developing Markets Fund Class 2 Shares

65

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

1. Organization (continued)

Subaccount Investment by Mutual Fund:

Subaccount	Mutual Fund
Franklin Templeton Variable Insurance Products Trust	Franklin Templeton Variable Insurance Products Trust
Franklin Templeton Foreign Class 2 Shares	Franklin Templeton Foreign Fund Class 2 Shares
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)	AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
Invesco V.I. American Franchise Series I Shares	Invesco V.I. American Franchise Fund Series I Shares
Invesco V.I. American Franchise Series II Shares	Invesco V.I. American Franchise Fund Series II Shares
Invesco V.I. American Value Series II Shares	Invesco V.I. American Value Fund Series II Shares
Invesco V.I. Capital Appreciation Series I Shares	Invesco V.I. Capital Appreciation Fund Series I Shares
Invesco V.I. Capital Appreciation Series II Shares	Invesco V.I. Capital Appreciation Fund Series II Shares
Invesco V.I. Comstock Series II Shares	Invesco V.I. Comstock Fund Series II Shares
Invesco V.I. Core Equity Series II Shares	Invesco V.I. Core Equity Fund Series II Shares
Invesco V.I. Discovery Mid Cap Growth Series II Shares	Invesco V.I. Discovery Mid Cap Growth Fund Series II Shares
Invesco V.I. Equity and Income Series I Shares	Invesco V.I. Equity and Income Fund Series I Shares
Invesco V.I. Equity and Income Series II Shares	Invesco V.I. Equity and Income Fund Series II Shares
Invesco V.I. EQV International Equity Series I Shares	Invesco V.I. EQV International Equity Fund Series I Shares
Invesco V.I. EQV International Equity Series II Shares	Invesco V.I. EQV International Equity Fund Series II Shares
Invesco V.I. Global Series I Shares	Invesco V.I. Global Fund Series I Shares
Invesco V.I. Global Series II Shares	Invesco V.I. Global Fund Series II Shares
Invesco V.I. Global Strategic Income Series I Shares	Invesco V.I. Global Strategic Income Fund Series I Shares
Invesco V.I. Global Strategic Income Series II Shares	Invesco V.I. Global Strategic Income Fund Series II Shares
Invesco V.I. Government Securities Series I Shares	Invesco V.I. Government Securities Fund Series I Shares
Invesco V.I. Government Securities Series II Shares	Invesco V.I. Government Securities Fund Series II Shares
Invesco V.I. Main Street Series I Shares	Invesco V.I. Main Street Fund Series I Shares
Invesco V.I. Main Street Series II Shares	Invesco V.I. Main Street Fund. Series II Shares
Invesco V.I. Main Street Mid Cap Series II Shares	Invesco V.I. Main Street Mid Cap Fund Series II Shares
Invesco V.I. Main Street Small Cap Series II Shares	Invesco V.I. Main Street Small Cap Fund Series II Shares
Janus Aspen Series	Janus Aspen Series
Janus Henderson - Balanced Service Shares	Janus Henderson - Balanced Portfolio Service Shares
Janus Henderson - Enterprise Service Shares	Janus Henderson - Enterprise Portfolio Service Shares
Janus Henderson - Forty Service Shares	Janus Henderson - Forty Portfolio Service Shares
Janus Henderson - Global Research Service Shares	Janus Henderson - Global Research Portfolio Service Shares
Janus Henderson - Mid Cap Value Service Shares	Janus Henderson - Mid Cap Value Portfolio Service Shares
Janus Henderson - Overseas Service Shares	Janus Henderson - Overseas Portfolio Service Shares
Janus Henderson - Research Service Shares	Janus Henderson - Research Portfolio Service Shares
Lincoln Variable Investment Products	Lincoln Variable Investment Products
LVIP JPMorgan Core Bond Standard Shares	LVIP JPMorgan Core Bond Portfolio Standard Shares
LVIP JPMorgan Mid Cap Value Standard Shares	LVIP JPMorgan Mid Cap Value Portfolio Standard Shares
LVIP JPMorgan U.S. Equity Standard Shares	LVIP JPMorgan U.S. Equity Portfolio Standard Shares
MFS® Variable Insurance Trust	MFS® Variable Insurance Trust
MFS® Core Equity Initial Class	MFS® Core Equity Portfolio Initial Class
MFS® Growth Initial Class	MFS® Growth Series Initial Class
MFS® Growth Service Class	MFS® Growth Series Service Class
MFS® Massachusetts Investors Growth Stock Initial Class	MFS® Massachusetts Investors Growth Stock Portfolio Initial Class
MFS® Massachusetts Investors Growth Stock Service Class	MFS® Massachusetts Investors Growth Stock Portfolio Service Class
MFS® New Discovery Initial Class	MFS® New Discovery Series Initial Class
MFS® New Discovery Service Class	MFS® New Discovery Series Service Class

66

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

1. Organization (continued)

Subaccount Investment by Mutual Fund:

Subaccount	Mutual Fund
MFS® Variable Insurance Trust	MFS® Variable Insurance Trust
MFS® Research Initial Class	MFS® Research Series Initial Class
MFS® Research Service Class	MFS® Research Series Service Class
MFS® Total Return Initial Class	MFS® Total Return Series Initial Class
MFS® Total Return Service Class	MFS® Total Return Series Service Class
MFS® Total Return Bond Initial Class	MFS® Total Return Bond Series Initial Class
MFS® Total Return Bond Service Class	MFS® Total Return Bond Series Service Class
MFS® Utilities Initial Class	MFS® Utilities Series Initial Class
MFS® Utilities Service Class	MFS® Utilities Series Service Class
Putnam Variable Trust	Putnam Variable Trust
Putnam VT Core Equity Class IB Shares	Putnam VT Core Equity Fund Class IB Shares
Putnam VT Diversified Income Class IB Shares	Putnam VT Diversified Income Fund Class IB Shares
Putnam VT Focused International Equity Class IB Shares	Putnam VT Focused International Equity Class Fund IB Shares
Putnam VT George Putnam Balanced Class IB Shares	Putnam VT George Putnam Balanced Fund Class IB Shares
Putnam VT Global Health Care Class IB Shares	Putnam VT Global Health Care Fund Class IB Shares
Putnam VT Government Money Market Class IB Shares	Putnam VT Government Money Market Fund Class IB Shares
Putnam VT Income Class IB Shares	Putnam VT Income Fund Class IB Shares
Putnam VT International Equity Class IB Shares	Putnam VT International Equity Fund Class IB Shares
Putnam VT Large Cap Growth Class IB Shares	Putnam VT Large Cap Growth Fund Class IB Shares
Putnam VT Large Cap Value Class IB Shares	Putnam VT Large Cap Value Fund Class IB Shares
Putnam VT Research Class IB Shares	Putnam VT Research Fund Class IB Shares
Putnam VT Sustainable Leaders Class IB Shares	Putnam VT Sustainable Leaders Fund Class IB Shares
Transamerica Series Trust	Transamerica Series Trust
TA Aegon Bond Initial Class	Transamerica Aegon Bond VP Initial Class
TA Aegon Bond Service Class	Transamerica Aegon Bond VP Service Class
TA Aegon Core Bond Initial Class	Transamerica Aegon Core Bond VP Initial Class
TA Aegon High Yield Bond Initial Class	Transamerica Aegon High Yield Bond VP Initial Class
TA Aegon High Yield Bond Service Class	Transamerica Aegon High Yield Bond VP Service Class
TA Aegon Sustainable Equity Income Initial Class	Transamerica Aegon Sustainable Equity Income VP Initial Class
TA Aegon Sustainable Equity Income Service Class	Transamerica Aegon Sustainable Equity Income VP Service Class
TA Aegon U.S. Government Securities Initial Class	Transamerica Aegon U.S. Government Securities VP Initial Class
TA Aegon U.S. Government Securities Service Class	Transamerica Aegon U.S. Government Securities VP Service Class
TA BlackRock Government Money Market Initial Class	Transamerica BlackRock Government Money Market VP Initial Class
TA BlackRock Government Money Market Service Class	Transamerica BlackRock Government Money Market VP Service Class
TA BlackRock iShares Edge 40 Initial Class	Transamerica BlackRock iShares Edge 40 VP Initial Class
TA BlackRock iShares Edge 40 Service Class	Transamerica BlackRock iShares Edge 40 VP Service Class
TA BlackRock Real Estate Securities Initial Class	Transamerica BlackRock Real Estate Securities VP Initial Class
TA BlackRock Real Estate Securities Service Class	Transamerica BlackRock Real Estate Securities VP Service Class
TA International Focus Initial Class	Transamerica International Focus VP Initial Class
TA International Focus Service Class	Transamerica International Focus VP Service Class
TA Janus Mid-Cap Growth Initial Class	Transamerica Janus Mid-Cap Growth VP Initial Class
TA Janus Mid-Cap Growth Service Class	Transamerica Janus Mid-Cap Growth VP Service Class
TA JPMorgan Asset Allocation - Conservative Initial Class	Transamerica JPMorgan Asset Allocation - Conservative VP Initial Class
TA JPMorgan Asset Allocation - Conservative Service Class	Transamerica JPMorgan Asset Allocation - Conservative VP Service Class
TA JPMorgan Asset Allocation - Growth Initial Class	Transamerica JPMorgan Asset Allocation - Growth VP Initial Class
TA JPMorgan Asset Allocation - Growth Service Class	Transamerica JPMorgan Asset Allocation - Growth VP Service Class

67

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

1. Organization (continued)

Subaccount Investment by Mutual Fund:

Subaccount	Mutual Fund
Transamerica Series Trust	Transamerica Series Trust
TA JPMorgan Asset Allocation - Moderate Initial Class	Transamerica JPMorgan Asset Allocation - Moderate VP Initial Class
TA JPMorgan Asset Allocation - Moderate Service Class	Transamerica JPMorgan Asset Allocation - Moderate VP Service Class
TA JPMorgan Asset Allocation - Moderate Growth Initial Class	Transamerica JPMorgan Asset Allocation - Moderate Growth VP Initial Class
TA JPMorgan Asset Allocation - Moderate Growth Service Class	Transamerica JPMorgan Asset Allocation - Moderate Growth VP Service Class
TA JPMorgan Enhanced Index Initial Class	Transamerica JPMorgan Enhanced Index VP Initial Class
TA JPMorgan Enhanced Index Service Class	Transamerica JPMorgan Enhanced Index VP Service Class
TA JPMorgan International Moderate Growth Initial Class	Transamerica JPMorgan International Moderate Growth VP Initial Class
TA JPMorgan International Moderate Growth Service Class	Transamerica JPMorgan International Moderate Growth VP Service Class
TA JPMorgan Tactical Allocation Initial Class	Transamerica JPMorgan Tactical Allocation VP Initial Class
TA JPMorgan Tactical Allocation Service Class	Transamerica JPMorgan Tactical Allocation VP Service Class
TA Multi-Managed Balanced Initial Class	Transamerica Multi-Managed Balanced VP Initial Class
TA Multi-Managed Balanced Service Class	Transamerica Multi-Managed Balanced VP Service Class
TA Small/Mid Cap Value Initial Class	Transamerica Small/Mid Cap Value VP Initial Class
TA T. Rowe Price Small Cap Initial Class	Transamerica T. Rowe Price Small Cap VP Initial Class
TA T. Rowe Price Small Cap Service Class	Transamerica T. Rowe Price Small Cap VP Service Class
TA TSW International Equity Initial Class	Transamerica TSW International Equity VP Initial Class
TA TSW International Equity Service Class	Transamerica TSW International Equity VP Service Class
TA TSW Mid Cap Value Opportunities Initial Class	Transamerica TSW Mid Cap Value Opportunities VP Initial Class
TA WMC US Growth Initial Class	Transamerica WMC US Growth VP Initial Class
TA WMC US Growth Service Class	Transamerica WMC US Growth VP Service Class
Wanger Advisors Trust	Wanger Advisors Trust
Wanger Acorn	Wanger Acorn

Each period reported on reflects a full twelve month period except as follows: 

Subaccount	Inception Date
Invesco V.I. Equity and Income Series I Shares	April 26, 2024
LVIP JPMorgan Core Bond Standard Shares	April 28, 2023
LVIP JPMorgan Mid Cap Value Standard Shares	April 28, 2023
LVIP JPMorgan U.S. Equity Standard Shares	April 28, 2023
Invesco V.I. American Value Series II Shares	April 30, 2021
Invesco V.I. Discovery Mid Cap Growth Series II Shares	April 30, 2020

The following subaccount name changes were made effective during the fiscal year ended December 31, 2024:

Subaccount	Formerly
Davis Equity	Davis Value
TA TSW International Equity Initial Class	TA TS&W International Equity Initial Class
TA TSW International Equity Service Class	TA TS&W International Equity Service Class
TA TSW Mid Cap Value Opportunities Initial Class	TA JPMorgan Mid Cap Value Initial Class

68

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

1. Organization (continued)

During the current year the following subaccounts were liquidated and subsequently reinvested:

Reinvested Subaccount	Liquidated Subaccount
Invesco V.I. Equity and Income Series I Shares	Invesco V.I. Conservative Balanced Series I Shares
Invesco V.I. Equity and Income Series II Shares	Invesco V.I. Conservative Balanced Series II Shares

During the current year the following subaccounts were removed as available investment options to contract owners and subsequently replaced and reinvested:

Reinvested Subaccount	Removed Subaccount
Invesco V.I. Core Equity Series I Shares	TA JPMorgan Enhanced Index Initial Class

The transfers from the removed and liquidated subaccounts to the reinvested subaccounts for the period ended December 31, 2024 are reflected in the Statements of Changes in Net Assets within Increase (Decrease) in Net Assets from Contract Transactions and purchases and sales in Footnote 3.

69

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

2. Summary of Significant Accounting Policies

The financial statements included herein have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for variable annuity separate accounts registered as unit investment trusts. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions regarding matters that affect the reported amount of assets and liabilities. Actual results could differ from those estimates.

Investments

Funds as selected by the contract owner. Investments are stated at the closing net asset values per share on December 31, 2024. Net purchase payments received by the Separate Account are invested in the portfolios of the Mutual

Realized capital gains and losses from sales of shares in the Separate Account are determined on the first-in, first-out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed) and dividend income is recorded on the ex-dividend date. Unrealized gains or losses from investments in the Mutual Funds are included in the Statements of Operations and Changes in Net Assets.

Dividend Income

Dividends received from the Mutual Fund investments are reinvested to purchase additional mutual fund shares.

Fair Value Measurements and Fair Value Hierarchy

The Accounting Standards Codification™ (ASC) 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the nature of inputs used to measure fair value and enhances disclosure requirements for fair value measurements.

The Separate Account has categorized its financial instruments into a three level hierarchy which is based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument.

Financial assets and liabilities recorded at fair value on the Statements of Assets and Liabilities are categorized as follows:

Level 1. Unadjusted quoted prices for identical assets or liabilities in an active market.

Level 2. Quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following:

a) Quoted prices for similar assets or liabilities in active markets

b) Quoted prices for identical or similar assets or liabilities in non-active markets

c) Inputs other than quoted market prices that are observable

d) Inputs that are derived principally from or corroborated by observable market data through correlation or other means.

Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. They reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability.

All investments in the Mutual Funds included in the Statements of Assets and Liabilities are stated at fair value and are based upon published closing NAV per share and therefore are considered Level 1.

There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2024.

70

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

3. Investments

The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2024 were as follows:

Subaccount	Purchases		Sales
AB Large Cap Growth Class B Shares	$	120,384	$	442,081
AB Relative Value Class B Shares		697,746		906,072
AB Sustainable Global Thematic Growth Class B Shares		27,622		121,007
Allspring VT Discovery All Cap Growth Class 1 Shares		55,281		147,757
Allspring VT Discovery All Cap Growth Class 2 Shares		8,068		63,473
Allspring VT Opportunity Class 1 Shares		158,463		140,916
Allspring VT Opportunity Class 2 Shares		8,134		31,536
Allspring VT Small Cap Growth Class 1 Shares		1,063		84,221
Allspring VT Small Cap Growth Class 2 Shares		877		27,915
BNY Mellon Stock Index Initial Shares		148,378		387,010
BNY Mellon Stock Index Service Shares		4,503		3,387
BNY Mellon Sustainable U.S. Equity Initial Shares		2,936		66,495
BNY Mellon VIF Appreciation Initial Shares		276,216		467,251
BNY Mellon VIF Government Money Market		144,539		292,449
BNY Mellon VIF Growth and Income Initial Shares		328,640		162,962
BNY Mellon VIF Opportunistic Small Cap Initial Shares		14,371		50,456
Columbia - Dividend Opportunity Class 1 Shares		1,828		108,742
Columbia - Income Opportunity Class 1 Shares		96,547		243,421
Columbia - Large Cap Growth Class 1 Shares		63,024		795,650
Columbia - Overseas Core Class 2 Shares		65,739		80,913
Columbia - Select Mid Cap Growth Class 1 Shares		4,873		167,374
Columbia - Select Mid Cap Value Class 1 Shares		1,338		47,981
Columbia - Small Cap Value Class 1 Shares		51,043		101,992
Columbia - Small Company Growth Class 1 Shares		561		2,996
Columbia - Strategic Income Class 1 Shares		45,712		53,492
CTIVP® - Principal Blue Chip Growth Class 1 Shares		9,201		349,960
Davis Equity		603,450		632,971
Federated Hermes Government Money II Service Shares		182,108		321,877
Federated Hermes High Income Bond II Primary Shares		102,344		188,997
Federated Hermes Kaufmann II Primary Shares		81,078		263,091
Federated Hermes Kaufmann II Service Shares		61,574		192,169
Federated Hermes Managed Volatility II Primary Shares		16,891		151,474
Federated Hermes Managed Volatility II Service Shares		7,541		35,312
Federated Hermes Quality Bond II Primary Shares		2,825		4,899
Fidelity® VIP Asset Manager Initial Class		24,637		173,696
Fidelity® VIP Asset Manager: Growth Initial Class		11,592		143,500
Fidelity® VIP Balanced Initial Class		179,352		211,294

71

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

3. Investments (continued)

Subaccount	Purchases		Sales
Fidelity® VIP Balanced Service Class 2	$	46,655	$	64,102
Fidelity® VIP Contrafund® Initial Class		1,178,255		1,144,945
Fidelity® VIP Contrafund® Service Class 2		2,468,247		1,345,836
Fidelity® VIP Equity-Income Initial Class		265,428		332,163
Fidelity® VIP Equity-Income Service Class 2		448,918		1,027,094
Fidelity® VIP Government Money Market Initial Class		286,984		342,891
Fidelity® VIP Government Money Market Service Class 2		14,199		27,946
Fidelity® VIP Growth Initial Class		1,654,831		922,534
Fidelity® VIP Growth Service Class 2		664,752		478,075
Fidelity® VIP Growth & Income Initial Class		280,681		460,144
Fidelity® VIP Growth & Income Service Class 2		34,569		25,062
Fidelity® VIP Growth Opportunities Initial Class		10,647		298,633
Fidelity® VIP Growth Opportunities Service Class		70,662		440,087
Fidelity® VIP Growth Opportunities Service Class 2		3,525		33,467
Fidelity® VIP High Income Initial Class		59,934		106,112
Fidelity® VIP High Income Service Class		53,736		118,092
Fidelity® VIP High Income Service Class 2		15,385		111,793
Fidelity® VIP Index 500 Initial Class		622,216		2,620,888
Fidelity® VIP Index 500 Service Class 2		114,044		829,834
Fidelity® VIP Investment Grade Bond Initial Class		111,887		371,049
Fidelity® VIP Investment Grade Bond Service Class 2		31,175		76,791
Fidelity® VIP Mid Cap Initial Class		493,285		252,284
Fidelity® VIP Mid Cap Service Class 2		913,119		1,175,855
Fidelity® VIP Overseas Initial Class		71,005		43,709
Fidelity® VIP Value Strategies Service Class 2		377,623		182,670
Franklin Income Class 2 Shares		7,276		3,370
Franklin Mutual Shares Class 2 Shares		125,893		505,068
Franklin Rising Dividends Class 2 Shares		167,725		133,955
Franklin Small Cap Value Class 2 Shares		70,745		162,500
Franklin Small-Mid Cap Growth Class 2 Shares		63,887		597,323
Franklin Templeton Developing Markets Class 2 Shares		46,638		39,487
Franklin Templeton Foreign Class 2 Shares		48,875		224,651
Invesco V.I. American Franchise Series I Shares		-		495,481
Invesco V.I. American Franchise Series II Shares		188		57,771
Invesco V.I. American Value Series II Shares		11,791		638,379
Invesco V.I. Capital Appreciation Series I Shares		125,256		1,938,495
Invesco V.I. Capital Appreciation Series II Shares		4,232		120,122

72

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

3. Investments (continued)

Subaccount	Purchases		Sales
Invesco V.I. Comstock Series II Shares	$	116,240	$	172,243
Invesco V.I. Core Equity Series II Shares		102,180		66,470
Invesco V.I. Discovery Mid Cap Growth Series II Shares		3,324		23,966
Invesco V.I. Equity and Income Series I Shares		1,116,653		221,122
Invesco V.I. Equity and Income Series II Shares		168,206		303,737
Invesco V.I. EQV International Equity Series I Shares		39,622		70,815
Invesco V.I. EQV International Equity Series II Shares		1,149		4,719
Invesco V.I. Global Series I Shares		130,404		204,779
Invesco V.I. Global Series II Shares		2,677		1,742
Invesco V.I. Global Strategic Income Series I Shares		31,549		253,480
Invesco V.I. Global Strategic Income Series II Shares		12,786		36,943
Invesco V.I. Government Securities Series I Shares		5,912		44,117
Invesco V.I. Government Securities Series II Shares		7,621		19,424
Invesco V.I. Main Street Series I Shares		366,222		615,379
Invesco V.I. Main Street Series II Shares		107,352		144,240
Invesco V.I. Main Street Mid Cap Series II Shares		10,403		22,086
Invesco V.I. Main Street Small Cap Series II Shares		2,595		8,105
Janus Henderson - Balanced Service Shares		59,494		452,854
Janus Henderson - Enterprise Service Shares		71,046		106,533
Janus Henderson - Forty Service Shares		15,620		44,491
Janus Henderson - Global Research Service Shares		55,924		111,769
Janus Henderson - Mid Cap Value Service Shares		7,225		3,628
Janus Henderson - Overseas Service Shares		19,729		166,285
Janus Henderson - Research Service Shares		28,683		134,500
LVIP JPMorgan Core Bond Standard Shares		298,856		498,962
LVIP JPMorgan Mid Cap Value Standard Shares		229,126		302,755
LVIP JPMorgan U.S. Equity Standard Shares		192,299		674,939
MFS® Core Equity Initial Class		1,653		2,911
MFS® Growth Initial Class		458,898		710,565
MFS® Growth Service Class		104,114		152,812
MFS® Massachusetts Investors Growth Stock Initial Class		5,782		6,108
MFS® Massachusetts Investors Growth Stock Service Class		128,324		182,226
MFS® New Discovery Initial Class		11,398		46,136
MFS® New Discovery Service Class		184		51,481
MFS® Research Initial Class		105,045		191,384
MFS® Research Service Class		68,766		87,030
MFS® Total Return Initial Class		396,717		825,833

73

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

3. Investments (continued)

Subaccount	Purchases		Sales
MFS® Total Return Service Class	$	180,416	$	576,059
MFS® Total Return Bond Initial Class		6,726		17,763
MFS® Total Return Bond Service Class		73,342		87,569
MFS® Utilities Initial Class		278,476		538,956
MFS® Utilities Service Class		90,704		74,130
Putnam VT Core Equity Class IB Shares		19		6
Putnam VT Diversified Income Class IB Shares		14,516		13,283
Putnam VT Focused International Equity Class IB Shares		15,540		61,585
Putnam VT George Putnam Balanced Class IB Shares		8,958		34,521
Putnam VT Global Health Care Class IB Shares		56,511		36,471
Putnam VT Government Money Market Class IB Shares		543,780		329,173
Putnam VT Income Class IB Shares		7,582		1,776
Putnam VT International Equity Class IB Shares		1,273		16,169
Putnam VT Large Cap Growth Class IB Shares		44,940		294,475
Putnam VT Large Cap Value Class IB Shares		233,692		223,390
Putnam VT Research Class IB Shares		2,068		3,994
Putnam VT Sustainable Leaders Class IB Shares		85		987
TA Aegon Bond Initial Class		457,443		1,021,542
TA Aegon Bond Service Class		195,532		285,262
TA Aegon Core Bond Initial Class		257,363		235,124
TA Aegon High Yield Bond Initial Class		183,127		509,802
TA Aegon High Yield Bond Service Class		18,805		35,555
TA Aegon Sustainable Equity Income Initial Class		292,990		1,658,315
TA Aegon Sustainable Equity Income Service Class		113,278		247,808
TA Aegon U.S. Government Securities Initial Class		204,748		389,713
TA Aegon U.S. Government Securities Service Class		131,138		982,660
TA BlackRock Government Money Market Initial Class		2,026,347		2,221,184
TA BlackRock Government Money Market Service Class		895,755		1,598,892
TA BlackRock iShares Edge 40 Initial Class		75,886		162,403
TA BlackRock iShares Edge 40 Service Class		21,152		106,766
TA BlackRock Real Estate Securities Initial Class		11,756		43,001
TA BlackRock Real Estate Securities Service Class		19,525		28,523
TA International Focus Initial Class		58,675		211,062
TA International Focus Service Class		41,846		48,450
TA Janus Mid-Cap Growth Initial Class		666,482		808,809
TA Janus Mid-Cap Growth Service Class		33,346		38,285
TA JPMorgan Asset Allocation - Conservative Initial Class		329,367		1,549,369

74

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

3. Investments (continued)

Subaccount	Purchases		Sales
TA JPMorgan Asset Allocation - Conservative Service Class	$	272,528	$	2,472,583
TA JPMorgan Asset Allocation - Growth Initial Class		282,897		732,116
TA JPMorgan Asset Allocation - Growth Service Class		421,366		959,183
TA JPMorgan Asset Allocation - Moderate Initial Class		553,067		2,510,962
TA JPMorgan Asset Allocation - Moderate Service Class		1,761,760		5,781,872
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		596,821		2,907,505
TA JPMorgan Asset Allocation - Moderate Growth Service Class		3,770,234		15,297,569
TA JPMorgan Enhanced Index Initial Class		7,339,195		1,567,379
TA JPMorgan Enhanced Index Service Class		32,470		211,147
TA JPMorgan International Moderate Growth Initial Class		8,132		102,048
TA JPMorgan International Moderate Growth Service Class		172,616		834,336
TA JPMorgan Tactical Allocation Initial Class		20,996		53,146
TA JPMorgan Tactical Allocation Service Class		34,959		169,888
TA Multi-Managed Balanced Initial Class		171,313		428,956
TA Multi-Managed Balanced Service Class		1,150,877		4,311,093
TA Small/Mid Cap Value Initial Class		149,550		477,871
TA T. Rowe Price Small Cap Initial Class		133,800		707,082
TA T. Rowe Price Small Cap Service Class		30,690		47,596
TA TSW International Equity Initial Class		63,903		192,328
TA TSW International Equity Service Class		18,319		106,119
TA TSW Mid Cap Value Opportunities Initial Class		318,345		360,156
TA WMC US Growth Initial Class		4,550,067		5,919,265
TA WMC US Growth Service Class		660,625		1,479,013
Wanger Acorn		26,532		138,414

75

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Units

The change in units outstanding were as follows:

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed  and Transferred to/from			Net Increase  (Decrease)			Units Purchased		Units Redeemed  and Transferred  to/from			Net Increase  (Decrease)
AB Large Cap Growth Class B Shares		17		(102,593	)		(102,576	)		-		(47,895	)		(47,895	)
AB Relative Value Class B Shares		162,616		(239,545	)		(76,929	)		110,469		(218,302	)		(107,833	)
AB Sustainable Global Thematic Growth Class B Shares		9,611		(57,171	)		(47,560	)		1,385		(20,815	)		(19,430	)
Allspring VT Discovery All Cap Growth Class 1 Shares		140		(22,337	)		(22,197	)		177		(18,588	)		(18,411	)
Allspring VT Discovery All Cap Growth Class 2 Shares		-		(8,353	)		(8,353	)		-		(2,735	)		(2,735	)
Allspring VT Opportunity Class 1 Shares		1,001		(30,980	)		(29,979	)		531		(46,306	)		(45,775	)
Allspring VT Opportunity Class 2 Shares		479		(8,571	)		(8,092	)		234		(9,045	)		(8,811	)
Allspring VT Small Cap Growth Class 1 Shares		365		(22,749	)		(22,384	)		661		(178,645	)		(177,984	)
Allspring VT Small Cap Growth Class 2 Shares		232		(8,696	)		(8,464	)		112		(1,432	)		(1,320	)
BNY Mellon Stock Index Initial Shares		545		(63,457	)		(62,912	)		904		(12,386	)		(11,482	)
BNY Mellon Stock Index Service Shares		692		(696	)		(4	)		153		(833	)		(680	)
BNY Mellon Sustainable U.S. Equity Initial Shares		-		(21,642	)		(21,642	)		-		(3,629	)		(3,629	)
BNY Mellon VIF Appreciation Initial Shares		19,694		(78,480	)		(58,786	)		308		(28,412	)		(28,104	)
BNY Mellon VIF Government Money Market		102,332		(254,655	)		(152,323	)		20,435		(115,547	)		(95,112	)
BNY Mellon VIF Growth and Income Initial Shares		44,733		(27,588	)		17,145			1,513		(9,091	)		(7,578	)
BNY Mellon VIF Opportunistic Small Cap Initial Shares		2,362		(11,593	)		(9,231	)		2,677		(34,673	)		(31,996	)
Columbia - Dividend Opportunity Class 1 Shares		129		(37,917	)		(37,788	)		2,934		(24,713	)		(21,779	)
Columbia - Income Opportunity Class 1 Shares		31,018		(169,802	)		(138,784	)		22,561		(55,345	)		(32,784	)
Columbia - Large Cap Growth Class 1 Shares		22,554		(231,716	)		(209,162	)		13,119		(169,350	)		(156,231	)
Columbia - Overseas Core Class 2 Shares		10,204		(46,746	)		(36,542	)		10,720		(89,246	)		(78,526	)
Columbia - Select Mid Cap Growth Class 1 Shares		1,936		(53,500	)		(51,564	)		1,667		(26,631	)		(24,964	)
Columbia - Select Mid Cap Value Class 1 Shares		88		(15,343	)		(15,255	)		103		(1,357	)		(1,254	)
Columbia - Small Cap Value Class 1 Shares		2,586		(21,127	)		(18,541	)		5,387		(32,104	)		(26,717	)
Columbia - Small Company Growth Class 1 Shares		-		(556	)		(556	)		-		(639	)		(639	)
Columbia - Strategic Income Class 1 Shares		10,194		(21,564	)		(11,370	)		21,318		(32,857	)		(11,539	)
CTIVP® - Principal Blue Chip Growth Class 1 Shares		3,634		(109,512	)		(105,878	)		8,695		(81,080	)		(72,385	)
Davis Equity		11,249		(168,799	)		(157,550	)		4,387		(200,821	)		(196,434	)

76

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed  and Transferred to/from			Net Increase  (Decrease)			Units Purchased		Units Redeemed  and Transferred  to/from			Net Increase  (Decrease)
Federated Hermes Government Money II Service Shares		77,612		(296,648	)		(219,036	)		108,115		(910,153	)		(802,038	)
Federated Hermes High Income Bond II Primary Shares		6,976		(60,342	)		(53,366	)		4,945		(64,847	)		(59,902	)
Federated Hermes Kaufmann II Primary Shares		6,029		(45,791	)		(39,762	)		8,386		(26,097	)		(17,711	)
Federated Hermes Kaufmann II Service Shares		6,239		(44,102	)		(37,863	)		23,680		(130,357	)		(106,677	)
Federated Hermes Managed Volatility II Primary Shares		259		(57,586	)		(57,327	)		5,380		(24,683	)		(19,303	)
Federated Hermes Managed Volatility II Service Shares		1,883		(26,091	)		(24,208	)		5,446		(43,239	)		(37,793	)
Federated Hermes Quality Bond II Primary Shares		-		(2,129	)		(2,129	)		-		(1,427	)		(1,427	)
Fidelity® VIP Asset Manager Initial Class		644		(48,463	)		(47,819	)		33,270		(91,186	)		(57,916	)
Fidelity® VIP Asset Manager: Growth Initial Class		-		(37,233	)		(37,233	)		-		(15,877	)		(15,877	)
Fidelity® VIP Balanced Initial Class		12,651		(35,271	)		(22,620	)		14,218		(108,431	)		(94,213	)
Fidelity® VIP Balanced Service Class 2		8,584		(17,029	)		(8,445	)		177		(27,476	)		(27,299	)
Fidelity® VIP Contrafund® Initial Class		2,246		(91,192	)		(88,946	)		12,648		(109,932	)		(97,284	)
Fidelity® VIP Contrafund® Service Class 2		186,255		(209,090	)		(22,835	)		280,301		(349,633	)		(69,332	)
Fidelity® VIP Equity-Income Initial Class		733		(52,969	)		(52,236	)		638		(52,847	)		(52,209	)
Fidelity® VIP Equity-Income Service Class 2		10,587		(270,344	)		(259,757	)		3,653		(153,557	)		(149,904	)
Fidelity® VIP Government Money Market Initial Class		200,083		(261,342	)		(61,259	)		309		(98,702	)		(98,393	)
Fidelity® VIP Government Money Market Service Class 2		4,954		(24,149	)		(19,195	)		4,487		(22,971	)		(18,484	)
Fidelity® VIP Growth Initial Class		4,810		(80,016	)		(75,206	)		3,406		(96,178	)		(92,772	)
Fidelity® VIP Growth Service Class 2		755		(78,037	)		(77,282	)		554		(50,412	)		(49,858	)
Fidelity® VIP Growth & Income Initial Class		8,608		(67,887	)		(59,279	)		1,687		(83,028	)		(81,341	)
Fidelity® VIP Growth & Income Service Class 2		-		(4,990	)		(4,990	)		17,118		(15,965	)		1,153
Fidelity® VIP Growth Opportunities Initial Class		1,439		(29,474	)		(28,035	)		-		(38,671	)		(38,671	)
Fidelity® VIP Growth Opportunities Service Class		8,937		(51,022	)		(42,085	)		718		(37,978	)		(37,260	)
Fidelity® VIP Growth Opportunities Service Class 2		448		(2,483	)		(2,035	)		700		(5,320	)		(4,620	)
Fidelity® VIP High Income Initial Class		8,703		(44,364	)		(35,661	)		876		(69,563	)		(68,687	)
Fidelity® VIP High Income Service Class		12,310		(45,324	)		(33,014	)		642		(29,970	)		(29,328	)
Fidelity® VIP High Income Service Class 2		1,970		(50,430	)		(48,460	)		2,298		(3,541	)		(1,243	)

77

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed  and Transferred to/from			Net Increase  (Decrease)			Units Purchased		Units Redeemed  and Transferred  to/from			Net Increase  (Decrease)
Fidelity® VIP Index 500 Initial Class		70,022		(327,900	)		(257,878	)		17,544		(352,620	)		(335,076	)
Fidelity® VIP Index 500 Service Class 2		14,330		(125,612	)		(111,282	)		584		(19,322	)		(18,738	)
Fidelity® VIP Investment Grade Bond Initial Class		10,038		(174,560	)		(164,522	)		171,312		(424,257	)		(252,945	)
Fidelity® VIP Investment Grade Bond Service Class 2		9,475		(39,354	)		(29,879	)		14,631		(61,310	)		(46,679	)
Fidelity® VIP Mid Cap Initial Class		1,090		(18,019	)		(16,929	)		467		(37,498	)		(37,031	)
Fidelity® VIP Mid Cap Service Class 2		25,008		(192,864	)		(167,856	)		45,725		(291,118	)		(245,393	)
Fidelity® VIP Overseas Initial Class		6,782		(10,816	)		(4,034	)		117		(29,905	)		(29,788	)
Fidelity® VIP Value Strategies Service Class 2		3,941		(30,522	)		(26,581	)		41,102		(73,253	)		(32,151	)
Franklin Income Class 2 Shares		-		(1,071	)		(1,071	)		-		(44,110	)		(44,110	)
Franklin Mutual Shares Class 2 Shares		823		(160,366	)		(159,543	)		5,477		(96,889	)		(91,412	)
Franklin Rising Dividends Class 2 Shares		23,875		(22,941	)		934			7,600		(61,533	)		(53,933	)
Franklin Small Cap Value Class 2 Shares		7,186		(28,326	)		(21,140	)		2,645		(24,396	)		(21,751	)
Franklin Small-Mid Cap Growth Class 2 Shares		6,403		(128,245	)		(121,842	)		12,296		(256,316	)		(244,020	)
Franklin Templeton Developing Markets Class 2 Shares		8,064		(12,933	)		(4,869	)		353		(11,691	)		(11,338	)
Franklin Templeton Foreign Class 2 Shares		6,304		(105,192	)		(98,888	)		8,279		(89,423	)		(81,144	)
Invesco V.I. American Franchise Series I Shares		-		(114,318	)		(114,318	)		-		(59,326	)		(59,326	)
Invesco V.I. American Franchise Series II Shares		55		(12,727	)		(12,672	)		30		(2,816	)		(2,786	)
Invesco V.I. American Value Series II Shares		17		(51,716	)		(51,699	)		9,070		(10,537	)		(1,467	)
Invesco V.I. Capital Appreciation Series I Shares		20,944		(325,047	)		(304,103	)		13,501		(243,302	)		(229,801	)
Invesco V.I. Capital Appreciation Series II Shares		743		(23,021	)		(22,278	)		1,251		(19,030	)		(17,779	)
Invesco V.I. Comstock Series II Shares		6,651		(40,377	)		(33,726	)		15,988		(87,524	)		(71,536	)
Invesco V.I. Core Equity Series II Shares		1,363		(14,169	)		(12,806	)		20,110		(79,888	)		(59,778	)
Invesco V.I. Discovery Mid Cap Growth Series II Shares		233		(1,520	)		(1,287	)		238		(2,526	)		(2,288	)
Invesco V.I. Equity and Income Series I Shares		1,062,704		(204,083	)		858,621			-		-			-
Invesco V.I. Equity and Income Series II Shares		13,567		(83,200	)		(69,633	)		33,885		(234,270	)		(200,385	)
Invesco V.I. EQV International Equity Series I Shares		11,415		(23,250	)		(11,835	)		444		(11,974	)		(11,530	)
Invesco V.I. EQV International Equity Series II Shares		-		(1,115	)		(1,115	)		-		(866	)		(866	)

78

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed  and Transferred to/from			Net Increase  (Decrease)			Units Purchased		Units Redeemed  and Transferred  to/from			Net Increase  (Decrease)
Invesco V.I. Global Series I Shares		2,687		(25,545	)		(22,858	)		2,104		(17,964	)		(15,860	)
Invesco V.I. Global Series II Shares		73		(250	)		(177	)		72		(235	)		(163	)
Invesco V.I. Global Strategic Income Series I Shares		1,574		(116,205	)		(114,631	)		4,586		(65,508	)		(60,922	)
Invesco V.I. Global Strategic Income Series II Shares		3,127		(21,030	)		(17,903	)		1,492		(21,497	)		(20,005	)
Invesco V.I. Government Securities Series I Shares		361		(26,909	)		(26,548	)		413		(19,660	)		(19,247	)
Invesco V.I. Government Securities Series II Shares		2,346		(14,211	)		(11,865	)		1,517		(13,426	)		(11,909	)
Invesco V.I. Main Street Series I Shares		8,058		(119,909	)		(111,851	)		8,365		(84,030	)		(75,665	)
Invesco V.I. Main Street Series II Shares		10,449		(28,111	)		(17,662	)		341		(4,738	)		(4,397	)
Invesco V.I. Main Street Mid Cap Series II Shares		1,223		(5,678	)		(4,455	)		4,399		(10,747	)		(6,348	)
Invesco V.I. Main Street Small Cap Series II Shares		54		(1,122	)		(1,068	)		62		(317	)		(255	)
Janus Henderson - Balanced Service Shares		2,582		(113,291	)		(110,709	)		13,301		(20,956	)		(7,655	)
Janus Henderson - Enterprise Service Shares		-		(30,218	)		(30,218	)		-		(43,792	)		(43,792	)
Janus Henderson - Forty Service Shares		-		(8,308	)		(8,308	)		-		(2,292	)		(2,292	)
Janus Henderson - Global Research Service Shares		-		(38,825	)		(38,825	)		-		(43,152	)		(43,152	)
Janus Henderson - Mid Cap Value Service Shares		-		(437	)		(437	)		380		(1,133	)		(753	)
Janus Henderson - Overseas Service Shares		3,551		(84,767	)		(81,216	)		7,725		(35,739	)		(28,014	)
Janus Henderson - Research Service Shares		-		(37,610	)		(37,610	)		-		(3,474	)		(3,474	)
LVIP JPMorgan Core Bond Standard Shares		145,450		(310,175	)		(164,725	)		1,576,183		(243,513	)		1,332,670
LVIP JPMorgan Mid Cap Value Standard Shares		15,351		(59,432	)		(44,081	)		233,968		(27,882	)		206,086
LVIP JPMorgan U.S. Equity Standard Shares		29,625		(153,713	)		(124,088	)		511,211		(74,256	)		436,955
MFS® Core Equity Initial Class		-		(944	)		(944	)		-		(4,596	)		(4,596	)
MFS® Growth Initial Class		12,170		(83,600	)		(71,430	)		17,768		(92,525	)		(74,757	)
MFS® Growth Service Class		-		(18,032	)		(18,032	)		-		(9,416	)		(9,416	)
MFS® Massachusetts Investors Growth Stock Initial Class		-		(1,842	)		(1,842	)		-		(1,298	)		(1,298	)
MFS® Massachusetts Investors Growth Stock Service Class		6,417		(58,234	)		(51,817	)		50,680		(144,686	)		(94,006	)
MFS® New Discovery Initial Class		3,399		(12,748	)		(9,349	)		3,743		(19,837	)		(16,094	)
MFS® New Discovery Service Class		73		(9,767	)		(9,694	)		40		(5,699	)		(5,659	)

79

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed  and Transferred to/from			Net Increase  (Decrease)			Units Purchased		Units Redeemed  and Transferred  to/from			Net Increase  (Decrease)
MFS® Research Initial Class		1,494		(33,788	)		(32,294	)		1,491		(35,846	)		(34,355	)
MFS® Research Service Class		58		(11,769	)		(11,711	)		9,295		(49,006	)		(39,711	)
MFS® Total Return Initial Class		5,946		(224,282	)		(218,336	)		2,049		(146,598	)		(144,549	)
MFS® Total Return Service Class		19,301		(208,514	)		(189,213	)		336		(207,099	)		(206,763	)
MFS® Total Return Bond Initial Class		598		(8,028	)		(7,430	)		2,843		(6,740	)		(3,897	)
MFS® Total Return Bond Service Class		26,695		(51,823	)		(25,128	)		46,421		(168,548	)		(122,127	)
MFS® Utilities Initial Class		10,069		(80,399	)		(70,330	)		1,741		(89,923	)		(88,182	)
MFS® Utilities Service Class		7,976		(9,595	)		(1,619	)		679		(19,630	)		(18,951	)
Putnam VT Core Equity Class IB Shares		-		-			-			-		(959	)		(959	)
Putnam VT Diversified Income Class IB Shares		1,286		(6,361	)		(5,075	)		982		(6,714	)		(5,732	)
Putnam VT Focused International Equity Class IB Shares		850		(21,070	)		(20,220	)		3,943		(25,210	)		(21,267	)
Putnam VT George Putnam Balanced Class IB Shares		37		(7,712	)		(7,675	)		18		(25,928	)		(25,910	)
Putnam VT Global Health Care Class IB Shares		23,350		(9,093	)		14,257			68		(1,982	)		(1,914	)
Putnam VT Government Money Market Class IB Shares		453,290		(312,589	)		140,701			430,665		(198,478	)		232,187
Putnam VT Income Class IB Shares		-		(4	)		(4	)		-		(1,593	)		(1,593	)
Putnam VT International Equity Class IB Shares		-		(8,180	)		(8,180	)		-		(892	)		(892	)
Putnam VT Large Cap Growth Class IB Shares		811		(46,061	)		(45,250	)		641		(9,413	)		(8,772	)
Putnam VT Large Cap Value Class IB Shares		8,278		(31,042	)		(22,764	)		726		(136,695	)		(135,969	)
Putnam VT Research Class IB Shares		-		(185	)		(185	)		-		(211	)		(211	)
Putnam VT Sustainable Leaders Class IB Shares		-		(115	)		(115	)		-		(130	)		(130	)
TA Aegon Bond Initial Class		157,688		(632,826	)		(475,138	)		679,524		(706,554	)		(27,030	)
TA Aegon Bond Service Class		59,720		(180,714	)		(120,994	)		32,214		(595,823	)		(563,609	)
TA Aegon Core Bond Initial Class		124,841		(148,143	)		(23,302	)		32,935		(111,598	)		(78,663	)
TA Aegon High Yield Bond Initial Class		23,335		(192,082	)		(168,747	)		160,774		(293,168	)		(132,394	)
TA Aegon High Yield Bond Service Class		2,465		(13,766	)		(11,301	)		2,306		(11,887	)		(9,581	)
TA Aegon Sustainable Equity Income Initial Class		26,905		(548,878	)		(521,973	)		177,811		(434,054	)		(256,243	)
TA Aegon Sustainable Equity Income Service Class		26,753		(86,766	)		(60,013	)		18,684		(127,449	)		(108,765	)

80

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed  and Transferred to/from			Net Increase  (Decrease)			Units Purchased		Units Redeemed  and Transferred  to/from			Net Increase  (Decrease)
TA Aegon U.S. Government Securities Initial Class		103,110		(287,329	)		(184,219	)		567,709		(341,955	)		225,754
TA Aegon U.S. Government Securities Service Class		63,518		(762,313	)		(698,795	)		237,082		(859,382	)		(622,300	)
TA BlackRock Government Money Market Initial Class		1,994,081		(2,331,863	)		(337,782	)		1,794,872		(4,384,741	)		(2,589,869	)
TA BlackRock Government Money Market Service Class		680,291		(1,483,456	)		(803,165	)		873,785		(2,287,777	)		(1,413,992	)
TA BlackRock iShares Edge 40 Initial Class		15,054		(74,992	)		(59,938	)		21,968		(54,699	)		(32,731	)
TA BlackRock iShares Edge 40 Service Class		5,143		(66,156	)		(61,013	)		5,168		(26,475	)		(21,307	)
TA BlackRock Real Estate Securities Initial Class		1,954		(12,463	)		(10,509	)		28,100		(39,551	)		(11,451	)
TA BlackRock Real Estate Securities Service Class		6,133		(11,554	)		(5,421	)		3,168		(2,004	)		1,164
TA International Focus Initial Class		8,981		(106,115	)		(97,134	)		12,486		(46,244	)		(33,758	)
TA International Focus Service Class		772		(16,764	)		(15,992	)		66		(748	)		(682	)
TA Janus Mid-Cap Growth Initial Class		26,667		(143,037	)		(116,370	)		13,096		(137,168	)		(124,072	)
TA Janus Mid-Cap Growth Service Class		541		(7,172	)		(6,631	)		9,049		(74,279	)		(65,230	)
TA JPMorgan Asset Allocation - Conservative Initial Class		52,111		(703,760	)		(651,649	)		317,772		(641,914	)		(324,142	)
TA JPMorgan Asset Allocation - Conservative Service Class		24,252		(1,233,281	)		(1,209,029	)		35,340		(2,236,419	)		(2,201,079	)
TA JPMorgan Asset Allocation - Growth Initial Class		14,229		(174,946	)		(160,717	)		5,659		(411,160	)		(405,501	)
TA JPMorgan Asset Allocation - Growth Service Class		42,171		(252,872	)		(210,701	)		46,534		(395,917	)		(349,383	)
TA JPMorgan Asset Allocation - Moderate Initial Class		127,030		(978,045	)		(851,015	)		45,181		(864,078	)		(818,897	)
TA JPMorgan Asset Allocation - Moderate Service Class		681,096		(2,346,751	)		(1,665,655	)		456,630		(3,442,274	)		(2,985,644	)
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		118,499		(903,709	)		(785,210	)		99,387		(1,060,614	)		(961,227	)
TA JPMorgan Asset Allocation - Moderate Growth Service Class		1,120,948		(5,513,574	)		(4,392,626	)		135,433		(6,325,387	)		(6,189,954	)
TA JPMorgan Enhanced Index Initial Class		1,933,557		(380,287	)		1,553,270			231,993		(449,333	)		(217,340	)
TA JPMorgan Enhanced Index Service Class		-		(37,704	)		(37,704	)		50,322		(5,513	)		44,809
TA JPMorgan International Moderate Growth Initial Class		346		(67,145	)		(66,799	)		526		(8,909	)		(8,383	)
TA JPMorgan International Moderate Growth Service Class		42,636		(550,265	)		(507,629	)		24,252		(718,325	)		(694,073	)
TA JPMorgan Tactical Allocation Initial Class		3,908		(25,454	)		(21,546	)		2,798		(32,836	)		(30,038	)
TA JPMorgan Tactical Allocation Service Class		14,655		(96,151	)		(81,496	)		13,879		(83,805	)		(69,926	)

81

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Units (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased		Units Redeemed  and Transferred to/from			Net Increase  (Decrease)			Units Purchased		Units Redeemed  and Transferred  to/from			Net Increase  (Decrease)
TA Multi-Managed Balanced Initial Class		1,065		(101,433	)		(100,368	)		1,225		(102,894	)		(101,669	)
TA Multi-Managed Balanced Service Class		33,000		(1,099,766	)		(1,066,766	)		184,914		(606,232	)		(421,318	)
TA Small/Mid Cap Value Initial Class		839		(44,920	)		(44,081	)		6,670		(18,962	)		(12,292	)
TA T. Rowe Price Small Cap Initial Class		17,506		(139,672	)		(122,166	)		42,337		(169,196	)		(126,859	)
TA T. Rowe Price Small Cap Service Class		74		(7,468	)		(7,394	)		9,136		(3,819	)		5,317
TA TSW International Equity Initial Class		30,156		(124,767	)		(94,611	)		121,359		(140,803	)		(19,444	)
TA TSW International Equity Service Class		3,068		(48,030	)		(44,962	)		39,937		(28,211	)		11,726
TA TSW Mid Cap Value Opportunities Initial Class		24,440		(79,344	)		(54,904	)		17,348		(45,683	)		(28,335	)
TA WMC US Growth Initial Class		113,035		(1,391,596	)		(1,278,561	)		2,932,241		(968,225	)		1,964,016
TA WMC US Growth Service Class		16,454		(226,096	)		(209,642	)		280,159		(263,670	)		16,489
Wanger Acorn		6,876		(31,750	)		(24,874	)		10,004		(93,759	)		(83,755	)

82

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased in  Dollars		Units Redeemed  and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)			Units Purchased in  Dollars		Units Redeemed and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)
AB Large Cap Growth Class B Shares	$	102	$	(402,877	)	$	(402,775	)	$	-	$	(157,865	)	$	(157,865	)
AB Relative Value Class B Shares		600,505		(871,481	)		(270,976	)		358,966		(646,962	)		(287,996	)
AB Sustainable Global Thematic Growth Class B Shares		25,462		(109,126	)		(83,664	)		2,350		(37,479	)		(35,129	)
Allspring VT Discovery All Cap Growth Class 1 Shares		857		(130,303	)		(129,446	)		520		(82,440	)		(81,920	)
Allspring VT Discovery All Cap Growth Class 2 Shares		-		(60,787	)		(60,787	)		-		(16,541	)		(16,541	)
Allspring VT Opportunity Class 1 Shares		3,585		(118,363	)		(114,778	)		1,456		(156,036	)		(154,580	)
Allspring VT Opportunity Class 2 Shares		2,024		(30,596	)		(28,572	)		775		(28,981	)		(28,206	)
Allspring VT Small Cap Growth Class 1 Shares		1,115		(73,022	)		(71,907	)		1,571		(577,735	)		(576,164	)
Allspring VT Small Cap Growth Class 2 Shares		877		(26,821	)		(25,944	)		342		(4,322	)		(3,980	)
BNY Mellon Stock Index Initial Shares		3,016		(363,285	)		(360,269	)		3,905		(55,209	)		(51,304	)
BNY Mellon Stock Index Service Shares		2,751		(2,760	)		(9	)		473		(2,594	)		(2,121	)
BNY Mellon Sustainable U.S. Equity Initial Shares		-		(62,940	)		(62,940	)		-		(8,152	)		(8,152	)
BNY Mellon VIF Appreciation Initial Shares		119,939		(440,679	)		(320,740	)		1,386		(136,972	)		(135,586	)
BNY Mellon VIF Government Money Market		114,332		(283,834	)		(169,502	)		22,230		(126,108	)		(103,878	)
BNY Mellon VIF Growth and Income Initial Shares		264,389		(147,123	)		117,266			6,548		(37,691	)		(31,143	)
BNY Mellon VIF Opportunistic Small Cap Initial Shares		6,577		(33,275	)		(26,698	)		6,822		(96,680	)		(89,858	)
Columbia - Dividend Opportunity Class 1 Shares		1,865		(97,956	)		(96,091	)		7,367		(60,314	)		(52,947	)
Columbia - Income Opportunity Class 1 Shares		38,282		(228,550	)		(190,268	)		26,908		(69,557	)		(42,649	)
Columbia - Large Cap Growth Class 1 Shares		63,755		(735,100	)		(671,345	)		29,112		(396,541	)		(367,429	)
Columbia - Overseas Core Class 2 Shares		13,462		(62,654	)		(49,192	)		13,338		(110,708	)		(97,370	)
Columbia - Select Mid Cap Growth Class 1 Shares		5,131		(151,061	)		(145,930	)		3,883		(61,665	)		(57,782	)
Columbia - Select Mid Cap Value Class 1 Shares		1,344		(44,913	)		(43,569	)		1,497		(5,536	)		(4,039	)
Columbia - Small Cap Value Class 1 Shares		10,481		(92,218	)		(81,737	)		19,628		(126,161	)		(106,533	)
Columbia - Small Company Growth Class 1 Shares		-		(2,604	)		(2,604	)		-		(2,404	)		(2,404	)
Columbia - Strategic Income Class 1 Shares		20,981		(46,649	)		(25,668	)		42,623		(64,389	)		(21,766	)
CTIVP® - Principal Blue Chip Growth Class 1 Shares		10,054		(303,631	)		(293,577	)		18,444		(179,398	)		(160,954	)
Davis Equity		40,349		(594,890	)		(554,541	)		13,077		(582,246	)		(569,169	)
Federated Hermes Government Money II Service Shares		75,900		(290,171	)		(214,271	)		102,486		(852,017	)		(749,531	)

83

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased in  Dollars		Units Redeemed  and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)			Units Purchased in  Dollars		Units Redeemed and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)
Federated Hermes High Income Bond II Primary Shares	$	16,175	$	(167,271	)	$	(151,096	)	$	8,836	$	(164,846	)	$	(156,010	)
Federated Hermes Kaufmann II Primary Shares		29,292		(240,978	)		(211,686	)		40,342		(114,089	)		(73,747	)
Federated Hermes Kaufmann II Service Shares		25,174		(180,384	)		(155,210	)		83,853		(446,656	)		(362,803	)
Federated Hermes Managed Volatility II Primary Shares		687		(141,628	)		(140,941	)		13,461		(48,605	)		(35,144	)
Federated Hermes Managed Volatility II Service Shares		2,270		(32,014	)		(29,744	)		5,818		(46,557	)		(40,739	)
Federated Hermes Quality Bond II Primary Shares		-		(3,613	)		(3,613	)		-		(2,279	)		(2,279	)
Fidelity® VIP Asset Manager Initial Class		1,588		(163,150	)		(161,562	)		98,507		(275,155	)		(176,648	)
Fidelity® VIP Asset Manager: Growth Initial Class		-		(138,091	)		(138,091	)		-		(52,355	)		(52,355	)
Fidelity® VIP Balanced Initial Class		68,398		(181,747	)		(113,349	)		61,318		(465,061	)		(403,743	)
Fidelity® VIP Balanced Service Class 2		31,643		(60,177	)		(28,534	)		547		(80,444	)		(79,897	)
Fidelity® VIP Contrafund® Initial Class		14,643		(1,014,537	)		(999,894	)		112,035		(937,906	)		(825,871	)
Fidelity® VIP Contrafund® Service Class 2		1,120,670		(1,181,349	)		(60,679	)		1,144,393		(1,477,359	)		(332,966	)
Fidelity® VIP Equity-Income Initial Class		2,145		(285,005	)		(282,860	)		1,568		(248,526	)		(246,958	)
Fidelity® VIP Equity-Income Service Class 2		33,337		(944,009	)		(910,672	)		12,295		(472,305	)		(460,010	)
Fidelity® VIP Government Money Market Initial Class		254,889		(334,551	)		(79,662	)		388		(122,602	)		(122,214	)
Fidelity® VIP Government Money Market Service Class 2		5,203		(25,376	)		(20,173	)		4,567		(23,381	)		(18,814	)
Fidelity® VIP Growth Initial Class		32,445		(820,629	)		(788,184	)		16,193		(732,713	)		(716,520	)
Fidelity® VIP Growth Service Class 2		4,845		(433,758	)		(428,913	)		2,462		(183,803	)		(181,341	)
Fidelity® VIP Growth & Income Initial Class		47,632		(420,078	)		(372,446	)		8,246		(436,699	)		(428,453	)
Fidelity® VIP Growth & Income Service Class 2		-		(19,516	)		(19,516	)		52,763		(49,087	)		3,676
Fidelity® VIP Growth Opportunities Initial Class		10,724		(253,106	)		(242,382	)		-		(254,475	)		(254,475	)
Fidelity® VIP Growth Opportunities Service Class		71,033		(411,548	)		(340,515	)		4,107		(226,315	)		(222,208	)
Fidelity® VIP Growth Opportunities Service Class 2		3,600		(20,492	)		(16,892	)		3,992		(33,985	)		(29,993	)
Fidelity® VIP High Income Initial Class		19,243		(97,010	)		(77,767	)		1,744		(140,717	)		(138,973	)
Fidelity® VIP High Income Service Class		26,574		(110,988	)		(84,414	)		1,161		(63,038	)		(61,877	)
Fidelity® VIP High Income Service Class 2		3,973		(108,141	)		(104,168	)		4,325		(7,361	)		(3,036	)
Fidelity® VIP Index 500 Initial Class		389,155		(2,370,108	)		(1,980,953	)		93,346		(2,208,344	)		(2,114,998	)
Fidelity® VIP Index 500 Service Class 2		99,185		(808,419	)		(709,234	)		4,198		(96,096	)		(91,898	)

84

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased in  Dollars		Units Redeemed  and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)			Units Purchased in  Dollars		Units Redeemed and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)
Fidelity® VIP Investment Grade Bond Initial Class	$	16,600	$	(331,285	)	$	(314,685	)	$	175,053	$	(725,072	)	$	(550,019	)
Fidelity® VIP Investment Grade Bond Service Class 2		16,894		(70,684	)		(53,790	)		21,311		(97,168	)		(75,857	)
Fidelity® VIP Mid Cap Initial Class		10,325		(201,973	)		(191,648	)		4,232		(342,262	)		(338,030	)
Fidelity® VIP Mid Cap Service Class 2		108,841		(1,085,496	)		(976,655	)		201,023		(1,376,888	)		(1,175,865	)
Fidelity® VIP Overseas Initial Class		21,507		(32,983	)		(11,476	)		204		(82,082	)		(81,878	)
Fidelity® VIP Value Strategies Service Class 2		24,877		(145,818	)		(120,941	)		149,603		(287,729	)		(138,126	)
Franklin Income Class 2 Shares		-		(2,041	)		(2,041	)		-		(76,704	)		(76,704	)
Franklin Mutual Shares Class 2 Shares		1,656		(460,878	)		(459,222	)		14,480		(246,970	)		(232,490	)
Franklin Rising Dividends Class 2 Shares		84,079		(113,268	)		(29,189	)		35,464		(291,186	)		(255,722	)
Franklin Small Cap Value Class 2 Shares		38,584		(150,031	)		(111,447	)		12,181		(117,099	)		(104,918	)
Franklin Small-Mid Cap Growth Class 2 Shares		64,340		(545,944	)		(481,604	)		32,698		(895,905	)		(863,207	)
Franklin Templeton Developing Markets Class 2 Shares		24,691		(32,697	)		(8,006	)		297		(26,247	)		(25,950	)
Franklin Templeton Foreign Class 2 Shares		12,360		(203,691	)		(191,331	)		15,077		(157,240	)		(142,163	)
Invesco V.I. American Franchise Series I Shares		-		(462,790	)		(462,790	)		-		(186,838	)		(186,838	)
Invesco V.I. American Franchise Series II Shares		190		(53,316	)		(53,126	)		70		(8,490	)		(8,420	)
Invesco V.I. American Value Series II Shares		212		(631,827	)		(631,615	)		94,970		(105,284	)		(10,314	)
Invesco V.I. Capital Appreciation Series I Shares		127,409		(1,828,685	)		(1,701,276	)		42,256		(862,988	)		(820,732	)
Invesco V.I. Capital Appreciation Series II Shares		4,283		(112,031	)		(107,748	)		4,591		(64,336	)		(59,745	)
Invesco V.I. Comstock Series II Shares		26,993		(160,478	)		(133,485	)		55,883		(297,891	)		(242,008	)
Invesco V.I. Core Equity Series II Shares		5,021		(51,265	)		(46,244	)		62,064		(236,940	)		(174,876	)
Invesco V.I. Discovery Mid Cap Growth Series II Shares		3,350		(22,424	)		(19,074	)		2,888		(31,212	)		(28,324	)
Invesco V.I. Equity and Income Series I Shares		1,065,544		(212,169	)		853,375			-		-			-
Invesco V.I. Equity and Income Series II Shares		36,895		(273,608	)		(236,713	)		99,117		(680,449	)		(581,332	)
Invesco V.I. EQV International Equity Series I Shares		31,329		(65,179	)		(33,850	)		610		(28,288	)		(27,678	)
Invesco V.I. EQV International Equity Series II Shares		-		(4,061	)		(4,061	)		-		(2,965	)		(2,965	)
Invesco V.I. Global Series I Shares		9,114		(173,414	)		(164,300	)		4,213		(81,418	)		(77,205	)
Invesco V.I. Global Series II Shares		317		(1,191	)		(874	)		250		(856	)		(606	)
Invesco V.I. Global Strategic Income Series I Shares		3,010		(239,418	)		(236,408	)		6,464		(128,697	)		(122,233	)

85

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased in  Dollars		Units Redeemed  and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)			Units Purchased in  Dollars		Units Redeemed and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)
Invesco V.I. Global Strategic Income Series II Shares	$	4,125	$	(32,249	)	$	(28,124	)	$	2,047	$	(31,413	)	$	(29,366	)
Invesco V.I. Government Securities Series I Shares		538		(41,086	)		(40,548	)		565		(28,255	)		(27,690	)
Invesco V.I. Government Securities Series II Shares		2,277		(15,946	)		(13,669	)		1,493		(14,627	)		(13,134	)
Invesco V.I. Main Street Series I Shares		30,205		(564,800	)		(534,595	)		24,348		(322,832	)		(298,484	)
Invesco V.I. Main Street Series II Shares		49,284		(134,815	)		(85,531	)		3,570		(27,252	)		(23,682	)
Invesco V.I. Main Street Mid Cap Series II Shares		4,069		(18,913	)		(14,844	)		13,202		(30,001	)		(16,799	)
Invesco V.I. Main Street Small Cap Series II Shares		813		(7,292	)		(6,479	)		847		(2,591	)		(1,744	)
Janus Henderson - Balanced Service Shares		9,019		(412,730	)		(403,711	)		42,712		(65,758	)		(23,046	)
Janus Henderson - Enterprise Service Shares		-		(85,524	)		(85,524	)		-		(114,333	)		(114,333	)
Janus Henderson - Forty Service Shares				(41,282	)		(41,282	)		-		(9,073	)		(9,073	)
Janus Henderson - Global Research Service Shares				(88,467	)		(88,467	)		-		(72,624	)		(72,624	)
Janus Henderson - Mid Cap Value Service Shares				(1,428	)		(1,428	)		698		(2,609	)		(1,911	)
Janus Henderson - Overseas Service Shares		6,439		(151,899	)		(145,460	)		12,467		(60,342	)		(47,875	)
Janus Henderson - Research Service Shares				(121,318	)		(121,318	)		-		(7,207	)		(7,207	)
LVIP JPMorgan Core Bond Standard Shares		224,848		(466,595	)		(241,747	)		2,427,221		(359,314	)		2,067,907
LVIP JPMorgan Mid Cap Value Standard Shares		76,277		(284,487	)		(208,210	)		988,592		(110,678	)		877,914
LVIP JPMorgan U.S. Equity Standard Shares		122,407		(644,142	)		(521,735	)		1,666,020		(256,063	)		1,409,957
MFS® Core Equity Initial Class				(2,475	)		(2,475	)		-		(9,342	)		(9,342	)
MFS® Growth Initial Class		82,993		(635,611	)		(552,618	)		83,862		(505,361	)		(421,499	)
MFS® Growth Service Class				(135,881	)		(135,881	)		-		(57,651	)		(57,651	)
MFS® Massachusetts Investors Growth Stock Initial Class				(5,258	)		(5,258	)		-		(3,075	)		(3,075	)
MFS® Massachusetts Investors Growth Stock Service Class		19,741		(166,640	)		(146,899	)		124,748		(345,690	)		(220,942	)
MFS® New Discovery Initial Class		11,419		(41,916	)		(30,497	)		10,874		(58,874	)		(48,000	)
MFS® New Discovery Service Class		186		(46,455	)		(46,269	)		93		(25,653	)		(25,560	)
MFS® Research Initial Class		5,808		(168,749	)		(162,941	)		4,729		(152,799	)		(148,070	)
MFS® Research Service Class		288		(71,275	)		(70,987	)		46,564		(247,283	)		(200,719	)
MFS® Total Return Initial Class		21,934		(751,558	)		(729,624	)		3,708		(455,980	)		(452,272	)
MFS® Total Return Service Class		46,289		(546,525	)		(500,236	)		697		(479,988	)		(479,291	)

86

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased in  Dollars		Units Redeemed  and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)			Units Purchased in  Dollars		Units Redeemed and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)
MFS® Total Return Bond Initial Class	$	1,244	$	(16,028	)	$	(14,784	)	$	5,498	$	(12,758	)	$	(7,260	)
MFS® Total Return Bond Service Class		39,918		(78,158	)		(38,240	)		66,261		(240,528	)		(174,267	)
MFS® Utilities Initial Class		58,660		(479,686	)		(421,026	)		8,658		(502,223	)		(493,565	)
MFS® Utilities Service Class		53,945		(63,281	)		(9,336	)		4,188		(119,382	)		(115,194	)
Putnam VT Core Equity Class IB Shares		-		2			2			-		(2,651	)		(2,651	)
Putnam VT Diversified Income Class IB Shares		1,750		(10,097	)		(8,347	)		1,363		(10,147	)		(8,784	)
Putnam VT Focused International Equity Class IB Shares		1,802		(49,366	)		(47,564	)		8,101		(53,671	)		(45,570	)
Putnam VT George Putnam Balanced Class IB Shares		68		(23,412	)		(23,344	)		27		(62,603	)		(62,576	)
Putnam VT Global Health Care Class IB Shares		45,969		(32,911	)		13,058			155		(7,419	)		(7,264	)
Putnam VT Government Money Market Class IB Shares		450,555		(298,801	)		151,754			359,490		(194,348	)		165,142
Putnam VT Income Class IB Shares		-		(8	)		(8	)		-		(2,710	)		(2,710	)
Putnam VT International Equity Class IB Shares		-		(15,394	)		(15,394	)		-		(1,461	)		(1,461	)
Putnam VT Large Cap Growth Class IB Shares		4,738		(281,846	)		(277,108	)		2,517		(27,490	)		(24,973	)
Putnam VT Large Cap Value Class IB Shares		52,378		(177,479	)		(125,101	)		2,097		(646,333	)		(644,236	)
Putnam VT Research Class IB Shares		-		(872	)		(872	)		-		(777	)		(777	)
Putnam VT Sustainable Leaders Class IB Shares		-		(863	)		(863	)		-		(708	)		(708	)
TA Aegon Bond Initial Class		217,053		(930,419	)		(713,366	)		962,998		(992,820	)		(29,822	)
TA Aegon Bond Service Class		92,346		(258,325	)		(165,979	)		48,742		(811,158	)		(762,416	)
TA Aegon Core Bond Initial Class		184,889		(214,189	)		(29,300	)		43,268		(156,518	)		(113,250	)
TA Aegon High Yield Bond Initial Class		53,497		(464,523	)		(411,026	)		374,552		(659,773	)		(285,221	)
TA Aegon High Yield Bond Service Class		6,034		(32,799	)		(26,765	)		5,329		(22,678	)		(17,349	)
TA Aegon Sustainable Equity Income Initial Class		71,919		(1,482,056	)		(1,410,137	)		365,306		(985,168	)		(619,862	)
TA Aegon Sustainable Equity Income Service Class		82,662		(230,740	)		(148,078	)		50,997		(270,122	)		(219,125	)
TA Aegon U.S. Government Securities Initial Class		134,956		(348,800	)		(213,844	)		704,724		(426,280	)		278,444
TA Aegon U.S. Government Securities Service Class		78,513		(961,621	)		(883,108	)		285,017		(1,054,253	)		(769,236	)
TA BlackRock Government Money Market Initial Class		1,713,442		(2,096,573	)		(383,131	)		1,571,973		(3,938,837	)		(2,366,864	)
TA BlackRock Government Money Market Service Class		731,157		(1,560,784	)		(829,627	)		870,315		(2,280,751	)		(1,410,436	)
TA BlackRock iShares Edge 40 Initial Class		29,175		(143,261	)		(114,086	)		38,961		(99,061	)		(60,100	)

87

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased in  Dollars		Units Redeemed  and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)			Units Purchased in  Dollars		Units Redeemed and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)
TA BlackRock iShares Edge 40 Service Class	$	8,962	$	(103,476	)	$	(94,514	)	$	8,689	$	(42,037	)	$	(33,348	)
TA BlackRock Real Estate Securities Initial Class		5,765		(38,410	)		(32,645	)		76,364		(97,796	)		(21,432	)
TA BlackRock Real Estate Securities Service Class		16,098		(26,805	)		(10,707	)		8,061		(4,550	)		3,511
TA International Focus Initial Class		16,425		(196,877	)		(180,452	)		21,653		(78,896	)		(57,243	)
TA International Focus Service Class		2,013		(42,188	)		(40,175	)		163		(1,791	)		(1,628	)
TA Janus Mid-Cap Growth Initial Class		138,517		(680,585	)		(542,068	)		49,538		(561,775	)		(512,237	)
TA Janus Mid-Cap Growth Service Class		2,254		(33,014	)		(30,760	)		36,502		(300,926	)		(264,424	)
TA JPMorgan Asset Allocation - Conservative Initial Class		142,210		(1,401,912	)		(1,259,702	)		629,046		(1,104,018	)		(474,972	)
TA JPMorgan Asset Allocation - Conservative Service Class		40,444		(2,313,474	)		(2,273,030	)		61,928		(3,750,135	)		(3,688,207	)
TA JPMorgan Asset Allocation - Growth Initial Class		31,777		(607,853	)		(576,076	)		13,994		(1,223,165	)		(1,209,171	)
TA JPMorgan Asset Allocation - Growth Service Class		163,311		(845,473	)		(682,162	)		145,961		(1,182,823	)		(1,036,862	)
TA JPMorgan Asset Allocation - Moderate Initial Class		299,201		(2,244,471	)		(1,945,270	)		83,093		(1,818,688	)		(1,735,595	)
TA JPMorgan Asset Allocation - Moderate Service Class		1,281,935		(5,364,644	)		(4,082,709	)		847,671		(7,052,960	)		(6,205,289	)
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		278,551		(2,488,740	)		(2,210,189	)		219,640		(2,567,260	)		(2,347,620	)
TA JPMorgan Asset Allocation - Moderate Growth Service Class		2,984,752		(14,341,683	)		(11,356,931	)		316,143		(14,315,593	)		(13,999,450	)
TA JPMorgan Enhanced Index Initial Class		6,933,134		(1,433,266	)		5,499,868			655,112		(1,270,675	)		(615,563	)
TA JPMorgan Enhanced Index Service Class		-		(202,622	)		(202,622	)		200,000		(23,114	)		176,886
TA JPMorgan International Moderate Growth Initial Class		474		(97,901	)		(97,427	)		674		(11,474	)		(10,800	)
TA JPMorgan International Moderate Growth Service Class		59,694		(778,630	)		(718,936	)		33,232		(948,079	)		(914,847	)
TA JPMorgan Tactical Allocation Initial Class		6,822		(46,019	)		(39,197	)		4,918		(55,845	)		(50,927	)
TA JPMorgan Tactical Allocation Service Class		22,170		(162,925	)		(140,755	)		20,447		(125,694	)		(105,247	)
TA Multi-Managed Balanced Initial Class		3,259		(380,812	)		(377,553	)		3,710		(330,247	)		(326,537	)
TA Multi-Managed Balanced Service Class		96,686		(4,114,445	)		(4,017,759	)		480,359		(1,826,904	)		(1,346,545	)
TA Small/Mid Cap Value Initial Class		8,551		(425,785	)		(417,234	)		19,006		(205,047	)		(186,041	)
TA T. Rowe Price Small Cap Initial Class		69,675		(675,125	)		(605,450	)		137,535		(563,779	)		(426,244	)
TA T. Rowe Price Small Cap Service Class		401		(40,652	)		(40,251	)		41,918		(13,951	)		27,967

88

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)

	Year Ended December 31, 2024								Year Ended December 31, 2023
Subaccount	Units Purchased in  Dollars		Units Redeemed  and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)			Units Purchased in  Dollars		Units Redeemed and Transferred  to/from in Dollars			Dollar Net Increase  (Decrease)
TA TSW International Equity Initial Class	$	45,146	$	(179,482	)	$	(134,336	)	$	176,379	$	(183,935	)	$	(7,556	)
TA TSW International Equity Service Class		6,940		(101,295	)		(94,355	)		79,368		(56,860	)		22,508
TA TSW Mid Cap Value Opportunities Initial Class		99,155		(338,462	)		(239,307	)		57,530		(156,721	)		(99,191	)
TA WMC US Growth Initial Class		388,332		(5,225,390	)		(4,837,058	)		7,300,416		(2,816,008	)		4,484,408
TA WMC US Growth Service Class		108,987		(1,414,364	)		(1,305,377	)		1,213,085		(1,195,122	)		17,963
Wanger Acorn		26,997		(126,077	)		(99,080	)		35,091		(324,336	)		(289,245	)

89

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights

The Separate Account offers various death benefit options, which have differing fees that are charged against the contract owner’s account balance. These charges are discussed in more detail in the individual’s policy. Differences in the fee structures for these units result in different unit values, expense ratios, and total returns.

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
AB Large Cap Growth Class B Shares
	12/31/2024		652,827		$8.12	to	$29.49	$	2,813,989		-	%		0.85	%	to	2.95	%		23.89	%	to	21.35	%
	12/31/2023		755,403		6.55	to	24.30		2,656,726		-			0.85		to	2.95			33.66		to	30.94
	12/31/2022		803,298		4.90	to	18.56		2,132,627		-			0.85		to	2.95			(29.29	)	to	(30.73	)
	12/31/2021		853,726		6.94	to	26.79		3,263,647		-			0.85		to	2.95			27.57		to	24.97
	12/31/2020		1,030,747		5.44	to	21.44		3,107,239		-			0.85		to	2.95			34.01		to	31.28
AB Relative Value Class B Shares
	12/31/2024		591,485		4.23	to	3.54		2,031,330		1.13			0.85		to	2.95			11.81		to	9.52
	12/31/2023		668,414		3.78	to	3.23		2,067,196		1.41			0.85		to	2.95			10.78		to	8.53
	12/31/2022		776,247		3.41	to	2.98		2,158,785		1.08			0.85		to	2.95			(5.22	)	to	(7.15	)
	12/31/2021		860,559		3.60	to	3.21		2,506,746		0.69			0.85		to	2.95			26.76		to	24.18
	12/31/2020		1,111,247		2.84	to	2.58		2,594,359		1.34			0.85		to	2.95			1.61		to	(0.46	)
AB Sustainable Global Thematic Growth Class B Shares
	12/31/2024		446,398		3.95	to	19.62		741,426		-			1.05		to	2.65			4.85		to	3.21
	12/31/2023		493,958		3.77	to	19.01		788,692		0.03			1.05		to	2.65			14.50		to	12.72
	12/31/2022		513,388		3.29	to	16.86		724,909		-			1.05		to	2.65			(27.92	)	to	(29.05	)
	12/31/2021		594,713		4.56	to	23.77		1,135,084		-			1.05		to	2.65			21.30		to	19.41
	12/31/2020		642,848		3.76	to	19.90		1,039,738		0.45			1.05		to	2.65			37.64		to	35.49
Allspring VT Discovery All Cap Growth Class 1 Shares
	12/31/2024		189,253		6.17	to	3.55		1,238,235		-			1.25		to	2.50			19.80		to	18.33
	12/31/2023		211,450		5.15	to	3.00		1,153,057		-			1.25		to	2.50			31.85		to	30.25
	12/31/2022		229,861		3.91	to	2.30		945,784		-			1.25		to	2.50			(37.82	)	to	(38.58	)
	12/31/2021		268,199		6.29	to	3.75		1,750,141		-			1.25		to	2.50			13.85		to	12.46
	12/31/2020		325,936		5.52	to	3.34		1,870,182		-			1.25		to	2.50			41.64		to	39.91
Allspring VT Discovery All Cap Growth Class 2 Shares
	12/31/2024		21,546		8.83	to	24.95		174,507		-			1.05		to	2.50			19.74		to	18.03
	12/31/2023		29,899		7.37	to	21.13		202,783		-			1.05		to	2.50			31.79		to	29.93
	12/31/2022		32,634		5.59	to	16.27		168,817		-			1.05		to	2.50			(37.85	)	to	(38.73	)
	12/31/2021		41,559		9.00	to	26.55		346,827		-			1.05		to	2.50			13.78		to	12.17
	12/31/2020		43,543		7.91	to	23.67		320,710		-			1.05		to	2.50			41.70		to	39.70
Allspring VT Opportunity Class 1 Shares
	12/31/2024		373,681		4.28	to	3.63		1,547,739		0.27			1.25		to	2.50			13.91		to	12.52
	12/31/2023		403,660		3.75	to	3.23		1,470,104		-			1.25		to	2.50			25.27		to	23.75
	12/31/2022		449,435		3.00	to	2.61		1,310,221		-			1.25		to	2.50			(21.59	)	to	(22.54	)
	12/31/2021		491,012		3.82	to	3.37		1,830,364		0.25			1.25		to	2.50			23.52		to	22.02
	12/31/2020		570,935		3.09	to	2.76		1,727,970		0.71			1.25		to	2.50			19.83		to	18.37
Allspring VT Opportunity Class 2 Shares
	12/31/2024		16,226		4.24	to	20.61		64,997		0.05			1.05		to	2.50			13.85		to	12.23
	12/31/2023		24,318		3.73	to	18.36		85,865		-			1.05		to	2.50			25.19		to	23.42
	12/31/2022		33,129		2.98	to	14.88		94,309		-			1.05		to	2.50			(21.63	)	to	(22.74	)
	12/31/2021		36,202		3.80	to	19.26		132,082		0.04			1.05		to	2.50			23.48		to	21.74
	12/31/2020		38,127		3.08	to	15.82		113,104		0.43			1.05		to	2.50			19.75		to	18.05
Allspring VT Small Cap Growth Class 1 Shares
	12/31/2024		208,750		3.87	to	2.47		756,567		-			1.25		to	2.50			17.59		to	16.15
	12/31/2023		231,134		3.29	to	2.13		711,673		-			1.25		to	2.50			3.07		to	1.82
	12/31/2022		409,118		3.19	to	2.09		1,237,821		-			1.25		to	2.50			(35.11	)	to	(35.90	)
	12/31/2021		468,202		4.92	to	3.26		2,186,457		-			1.25		to	2.50			6.60		to	5.30
	12/31/2020		502,137		4.62	to	3.10		2,200,830		-			1.25		to	2.50			56.15		to	54.24

90

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Allspring VT Small Cap Growth Class 2 Shares
	12/31/2024		24,847		$3.69	to	$17.73	$	88,781		-	%		1.05	%	to	2.50	%		17.46	%	to	15.79	%
	12/31/2023		33,311		3.14	to	15.31		101,202		-			1.05		to	2.50			3.03		to	1.57
	12/31/2022		34,631		3.05	to	15.08		102,402		-			1.05		to	2.50			(35.10	)	to	(36.02	)
	12/31/2021		36,379		4.69	to	23.57		166,191		-			1.05		to	2.50			6.52		to	5.01
	12/31/2020		39,390		4.41	to	22.44		169,560		-			1.05		to	2.50			56.15		to	53.94
BNY Mellon Stock Index Initial Shares
	12/31/2024		296,093		6.34	to	5.22		1,836,594		1.15			1.25		to	2.50			23.11		to	21.61
	12/31/2023		359,005		5.15	to	4.30		1,808,774		1.43			1.25		to	2.50			24.38		to	22.87
	12/31/2022		370,487		4.14	to	3.50		1,501,151		1.33			1.25		to	2.50			(19.32	)	to	(20.31	)
	12/31/2021		397,057		5.13	to	4.39		1,994,787		1.13			1.25		to	2.50			26.83		to	25.28
	12/31/2020		476,795		4.05	to	3.50		1,893,906		1.58			1.25		to	2.50			16.55		to	15.13
BNY Mellon Stock Index Service Shares
	12/31/2024		6,509		5.63	to	4.23		27,547		0.90			1.25		to	2.50			22.80		to	21.30
	12/31/2023		6,513		4.58	to	3.49		22,726		1.15			1.25		to	2.50			24.06		to	22.55
	12/31/2022		7,193		3.69	to	2.85		20,479		1.10			1.25		to	2.50			(19.53	)	to	(20.51	)
	12/31/2021		6,286		4.59	to	3.58		22,515		0.81			1.25		to	2.50			26.54		to	24.99
	12/31/2020		6,700		3.63	to	2.87		19,199		1.31			1.25		to	2.50			16.26		to	14.84
BNY Mellon Sustainable U.S. Equity Initial Shares
	12/31/2024		74,033		2.90	to	22.32		214,806		0.53			1.40		to	2.65			23.16		to	21.65
	12/31/2023		95,675		2.36	to	18.35		225,405		0.73			1.40		to	2.65			22.12		to	20.64
	12/31/2022		99,304		1.93	to	15.21		191,582		0.52			1.40		to	2.65			(23.94	)	to	(24.86	)
	12/31/2021		90,555		2.54	to	20.24		229,679		0.76			1.40		to	2.65			25.24		to	23.72
	12/31/2020		97,939		2.03	to	16.36		198,340		1.29			1.40		to	2.65			22.43		to	20.94
BNY Mellon VIF Appreciation Initial Shares
	12/31/2024		346,755		5.87	to	22.82		2,034,979		0.42			1.40		to	2.65			11.24		to	9.88
	12/31/2023		405,541		5.28	to	20.77		2,139,486		0.71			1.40		to	2.65			19.30		to	17.86
	12/31/2022		433,645		4.42	to	17.62		1,917,574		0.66			1.40		to	2.65			(19.19	)	to	(20.18	)
	12/31/2021		475,862		5.47	to	22.07		2,604,111		0.44			1.40		to	2.65			25.38		to	23.85
	12/31/2020		512,061		4.36	to	17.82		2,233,121		0.79			1.40		to	2.65			21.98		to	20.50
BNY Mellon VIF Government Money Market
	12/31/2024		537,158		1.15	to	0.75		598,500		4.68			1.25		to	2.50			3.46		to	2.20
	12/31/2023		689,481		1.12	to	0.73		746,426		4.50			1.25		to	2.50			3.31		to	2.05
	12/31/2022		784,593		1.08	to	0.72		824,876		1.23			1.25		to	2.50			0.02		to	(1.20	)
	12/31/2021		849,145		1.08	to	0.73		893,513		0.01			1.25		to	2.50			(1.23	)	to	(2.43	)
	12/31/2020		1,013,958		1.09	to	0.75		1,079,879		0.22			1.25		to	2.50			(1.03	)	to	(2.23	)
BNY Mellon VIF Growth and Income Initial Shares
	12/31/2024		242,144		5.66	to	24.44		1,369,726		0.55			1.40		to	2.65			21.02		to	19.54
	12/31/2023		224,999		4.67	to	20.45		1,051,659		0.66			1.40		to	2.65			24.94		to	23.43
	12/31/2022		232,577		3.74	to	16.56		870,067		0.79			1.40		to	2.65			(15.99	)	to	(17.01	)
	12/31/2021		250,827		4.45	to	19.96		1,116,956		0.47			1.40		to	2.65			23.90		to	22.39
	12/31/2020		286,523		3.59	to	16.31		1,029,826		0.77			1.40		to	2.65			22.91		to	21.42
BNY Mellon VIF Opportunistic Small Cap Initial Shares
	12/31/2024		451,918		2.87	to	13.02		1,299,126		0.68			1.40		to	2.65			3.16		to	1.90
	12/31/2023		461,149		2.78	to	12.77		1,285,220		0.34			1.40		to	2.65			7.78		to	6.47
	12/31/2022		493,145		2.58	to	12.00		1,275,298		-			1.40		to	2.65			(17.77	)	to	(18.77	)
	12/31/2021		532,421		3.14	to	14.77		1,674,329		0.11			1.40		to	2.65			14.85		to	13.46
	12/31/2020		555,874		2.73	to	13.02		1,522,102		0.65			1.40		to	2.65			18.24		to	16.80
Columbia - Dividend Opportunity Class 1 Shares
	12/31/2024		285,994		2.73	to	16.75		797,259		-			1.05		to	2.50			14.21		to	12.59
	12/31/2023		323,782		2.39	to	14.88		790,279		-			1.05		to	2.50			4.00		to	2.53
	12/31/2022		345,561		2.30	to	14.51		816,353		-			1.05		to	2.50			(2.14	)	to	(3.52	)
	12/31/2021		364,669		2.35	to	15.04		892,198		-			1.05		to	2.50			24.85		to	23.09
	12/31/2020		384,921		1.88	to	12.22		759,645		-			1.05		to	2.50			0.10		to	(1.32	)

91

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Columbia - Income Opportunity Class 1 Shares
	12/31/2024		726,583		$1.44	to	$1.22	$	1,005,222		5.44	%		1.05	%	to	2.50	%		4.80	%	to	3.31	%
	12/31/2023		865,367		1.38	to	1.18		1,148,887		5.16			1.05		to	2.50			10.40		to	8.85
	12/31/2022		898,151		1.25	to	1.09		1,084,860		5.35			1.05		to	2.50			(10.95	)	to	(12.20	)
	12/31/2021		958,319		1.40	to	1.24		1,303,953		9.15			1.05		to	2.50			3.41		to	1.95
	12/31/2020		1,025,977		1.35	to	1.21		1,354,605		4.78			1.05		to	2.50			4.80		to	3.31
Columbia - Large Cap Growth Class 1 Shares
	12/31/2024		1,248,876		3.58	to	3.16		4,317,736		-			1.05		to	2.50			29.96		to	28.11
	12/31/2023		1,458,038		2.75	to	2.47		3,896,627		-			1.05		to	2.50			41.68		to	39.69
	12/31/2022		1,614,269		1.94	to	1.77		3,057,565		-			1.05		to	2.50			(32.10	)	to	(33.06	)
	12/31/2021		1,659,549		2.86	to	2.64		4,648,354		-			1.05		to	2.50			27.39		to	25.59
	12/31/2020		1,910,999		2.25	to	2.10		4,217,777		-			1.05		to	2.50			33.34		to	31.45
Columbia - Overseas Core Class 2 Shares
	12/31/2024		896,483		1.41	to	1.24		1,217,492		4.17			1.05		to	2.50			2.16		to	0.71
	12/31/2023		933,025		1.38	to	1.24		1,244,861		1.70			1.05		to	2.50			14.13		to	12.52
	12/31/2022		1,011,551		1.21	to	1.10		1,187,323		0.77			1.05		to	2.50			(15.79	)	to	(16.97	)
	12/31/2021		1,037,491		1.43	to	1.32		1,460,494		1.10			1.05		to	2.50			8.60		to	7.07
	12/31/2020		1,149,888		1.32	to	1.24		1,495,377		1.45			1.05		to	2.50			7.69		to	6.17
Columbia - Select Mid Cap Growth Class 1 Shares
	12/31/2024		377,179		3.33	to	2.82		1,201,337		-			1.05		to	2.50			22.39		to	20.65
	12/31/2023		428,743		2.72	to	2.34		1,118,978		-			1.05		to	2.50			23.94		to	22.20
	12/31/2022		453,707		2.19	to	1.91		958,786		-			1.05		to	2.50			(31.55	)	to	(32.52	)
	12/31/2021		470,769		3.21	to	2.83		1,458,449		-			1.05		to	2.50			15.36		to	13.73
	12/31/2020		492,115		2.78	to	2.49		1,326,684		-			1.05		to	2.50			34.02		to	32.12
Columbia - Select Mid Cap Value Class 1 Shares
	12/31/2024		61,419		2.99	to	16.73		187,202		-			1.05		to	2.50			11.37		to	9.78
	12/31/2023		76,674		2.68	to	15.24		209,417		-			1.05		to	2.50			9.16		to	7.62
	12/31/2022		77,928		2.46	to	14.16		196,886		-			1.05		to	2.50			(10.38	)	to	(11.64	)
	12/31/2021		93,830		2.74	to	16.02		272,455		-			1.05		to	2.50			30.95		to	29.10
	12/31/2020		125,461		2.10	to	12.41		274,450		-			1.05		to	2.50			6.36		to	4.86
Columbia - Small Cap Value Class 1 Shares
	12/31/2024		162,869		6.78	to	1.92		802,054		0.75			1.05		to	2.50			7.73		to	6.20
	12/31/2023		181,410		6.29	to	1.80		825,906		0.76			1.05		to	2.50			20.68		to	18.98
	12/31/2022		208,127		5.21	to	1.52		783,539		0.74			1.05		to	2.50			(9.64	)	to	(10.92	)
	12/31/2021		234,137		5.77	to	1.70		971,018		0.67			1.05		to	2.50			27.85		to	26.04
	12/31/2020		266,687		4.51	to	1.35		860,898		0.62			1.05		to	2.50			7.67		to	6.14
Columbia - Small Company Growth Class 1 Shares
	12/31/2024		4,709		4.22	to	24.37		25,296		2.30			1.05		to	2.50			22.82		to	21.07
	12/31/2023		5,265		3.44	to	20.13		23,046		-			1.05		to	2.50			25.32		to	23.55
	12/31/2022		5,904		2.74	to	16.29		20,616		-			1.05		to	2.50			(36.43	)	to	(37.33	)
	12/31/2021		6,640		4.31	to	26.00		38,281		-			1.05		to	2.50			(3.91	)	to	(5.27	)
	12/31/2020		8,738		4.49	to	27.45		49,961		-			1.05		to	2.50			69.35		to	66.96
Columbia - Strategic Income Class 1 Shares
	12/31/2024		251,308		2.36	to	10.63		535,129		4.55			1.05		to	2.50			3.61		to	2.13
	12/31/2023		262,678		2.28	to	10.41		542,053		3.53			1.05		to	2.50			8.54		to	7.01
	12/31/2022		274,217		2.10	to	9.72		522,656		2.90			1.05		to	2.50			(12.29	)	to	(13.53	)
	12/31/2021		330,561		2.39	to	11.25		731,576		5.44			1.05		to	2.50			1.03		to	(0.40	)
	12/31/2020		355,811		2.37	to	11.29		780,640		3.57			1.05		to	2.50			5.71		to	4.21
CTIVP® - Principal Blue Chip Growth Class 1 Shares
	12/31/2024		1,186,567		3.15	to	2.79		3,645,527		-			1.05		to	2.50			20.15		to	18.44
	12/31/2023		1,292,445		2.62	to	2.35		3,313,989		-			1.05		to	2.50			38.09		to	36.15
	12/31/2022		1,364,830		1.90	to	1.73		2,541,607		-			1.05		to	2.50			(28.75	)	to	(29.76	)
	12/31/2021		1,460,926		2.67	to	2.46		3,828,722		-			1.05		to	2.50			17.34		to	15.68
	12/31/2020		1,613,885		2.27	to	2.13		3,615,329		-			1.05		to	2.50			30.56		to	28.72

92

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Davis Equity
	12/31/2024		696,850		$5.23	to	$3.28	$	2,643,062		1.07	%		1.05	%	to	2.50	%		16.82	%	to	15.16	%
	12/31/2023		854,400		4.48	to	2.85		2,796,569		1.33			1.05		to	2.50			31.26		to	29.41
	12/31/2022		1,050,834		3.41	to	2.20		2,656,898		1.21			1.05		to	2.50			(20.96	)	to	(22.08	)
	12/31/2021		1,165,845		4.31	to	2.83		3,746,669		0.57			1.05		to	2.50			16.63		to	14.98
	12/31/2020		1,332,711		3.70	to	2.46		3,663,319		0.70			1.05		to	2.50			10.56		to	9.00
Federated Hermes Government Money II Service Shares
	12/31/2024		2,266,767		1.07	to	9.28		2,248,503		4.58			1.05		to	2.65			3.58		to	1.96
	12/31/2023		2,485,803		1.03	to	9.10		2,388,332		4.42			1.05		to	2.65			3.44		to	1.83
	12/31/2022		3,287,841		1.00	to	8.94		3,053,007		1.12			1.05		to	2.65			0.11		to	(1.45	)
	12/31/2021		3,621,544		1.00	to	9.07		3,370,633		-			1.05		to	2.65			(1.04	)	to	(2.58	)
	12/31/2020		4,306,880		1.01	to	9.31		4,065,950		0.17			1.05		to	2.65			(0.84	)	to	(2.38	)
Federated Hermes High Income Bond II Primary Shares
	12/31/2024		520,071		3.07	to	11.28		1,501,798		5.58			1.05		to	2.65			5.16		to	3.51
	12/31/2023		573,437		2.92	to	10.90		1,580,801		5.86			1.05		to	2.65			11.55		to	9.81
	12/31/2022		633,339		2.62	to	9.93		1,570,874		5.37			1.05		to	2.65			(12.69	)	to	(14.05	)
	12/31/2021		651,983		3.00	to	11.55		1,857,360		4.97			1.05		to	2.65			3.76		to	2.14
	12/31/2020		781,213		2.89	to	11.31		2,154,255		5.90			1.05		to	2.65			4.49		to	2.86
Federated Hermes Kaufmann II Primary Shares
	12/31/2024		263,993		6.47	to	3.28		1,469,750		0.82			1.05		to	2.50			15.83		to	14.18
	12/31/2023		303,755		5.59	to	2.88		1,473,569		-			1.05		to	2.50			14.04		to	12.43
	12/31/2022		321,466		4.90	to	2.56		1,370,323		-			1.05		to	2.50			(30.82	)	to	(31.80	)
	12/31/2021		356,018		7.08	to	3.75		2,206,386		-			1.05		to	2.50			1.44		to	0.01
	12/31/2020		390,085		6.98	to	3.75		2,393,507		-			1.05		to	2.50			27.46		to	25.65
Federated Hermes Kaufmann II Service Shares
	12/31/2024		219,241		4.50	to	17.44		950,162		0.66			1.05		to	2.50			15.56		to	13.91
	12/31/2023		257,104		3.89	to	15.31		964,856		-			1.05		to	2.50			13.67		to	12.07
	12/31/2022		363,781		3.43	to	13.66		1,203,603		-			1.05		to	2.50			(30.98	)	to	(31.96	)
	12/31/2021		380,725		4.96	to	20.08		1,827,772		-			1.05		to	2.50			1.20		to	(0.23	)
	12/31/2020		428,890		4.90	to	20.13		2,037,342		-			1.05		to	2.50			27.15		to	25.35
Federated Hermes Managed Volatility II Primary Shares
	12/31/2024		265,979		2.38	to	13.56		646,969		2.25			1.05		to	2.65			14.35		to	12.56
	12/31/2023		323,306		2.08	to	12.05		692,707		1.91			1.05		to	2.65			7.56		to	5.88
	12/31/2022		342,609		1.93	to	11.38		680,126		1.87			1.05		to	2.65			(14.65	)	to	(15.98	)
	12/31/2021		354,525		2.26	to	13.54		826,804		1.79			1.05		to	2.65			17.28		to	15.45
	12/31/2020		402,180		1.93	to	11.73		797,437		2.61			1.05		to	2.65			(0.12	)	to	(1.67	)
Federated Hermes Managed Volatility II Service Shares
	12/31/2024		212,186		1.32	to	12.10		278,054		1.93			1.05		to	2.50			14.20		to	12.58
	12/31/2023		236,394		1.16	to	10.74		271,735		1.59			1.05		to	2.50			7.21		to	5.70
	12/31/2022		274,187		1.08	to	10.17		294,392		-			1.05		to	2.50			(14.89	)	to	(16.09	)
	12/31/2021		304,573		1.27	to	12.11		384,868		1.57			1.05		to	2.50			17.03		to	15.37
	12/31/2020		326,762		1.09	to	10.50		353,494		2.04			1.05		to	2.50			(0.34	)	to	(1.75	)
Federated Hermes Quality Bond II Primary Shares
	12/31/2024		55,793		1.67	to	9.89		93,955		2.97			1.05		to	2.50			2.80		to	1.34
	12/31/2023		57,922		1.62	to	9.76		95,228		2.63			1.05		to	2.50			5.04		to	3.55
	12/31/2022		59,349		1.54	to	9.43		93,215		2.83			1.05		to	2.50			(10.22	)	to	(11.48	)
	12/31/2021		95,476		1.72	to	10.65		166,733		2.61			1.05		to	2.50			(2.42	)	to	(3.80	)
	12/31/2020		126,380		1.76	to	11.07		225,676		2.76			1.05		to	2.50			7.00		to	5.48
Fidelity® VIP Asset Manager Initial Class
	12/31/2024		213,277		2.69	to	1.35		733,657		2.31			1.15		to	3.85			7.26		to	4.45
	12/31/2023		261,096		2.51	to	1.30		841,818		2.18			1.15		to	3.85			11.66		to	8.77
	12/31/2022		319,012		2.25	to	1.19		924,565		2.10			1.15		to	3.85			(15.90	)	to	(18.09	)
	12/31/2021		337,969		2.67	to	1.46		1,171,414		1.54			1.15		to	3.85			8.67		to	5.84
	12/31/2020		383,693		2.46	to	1.37		1,226,885		1.52			1.15		to	3.85			13.56		to	10.61

93

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Fidelity® VIP Asset Manager: Growth Initial Class
	12/31/2024		92,445		$2.74	to	$1.37	$	355,428		1.54	%		1.15	%	to	3.85	%		9.54	%	to	6.68	%
	12/31/2023		129,678		2.50	to	1.28		455,607		1.73			1.15		to	3.85			15.05		to	12.07
	12/31/2022		145,555		2.17	to	1.14		445,515		1.83			1.15		to	3.85			(17.82	)	to	(19.96	)
	12/31/2021		149,185		2.64	to	1.43		556,420		1.35			1.15		to	3.85			12.67		to	9.74
	12/31/2020		184,456		2.35	to	1.30		611,843		1.05			1.15		to	3.85			15.93		to	12.92
Fidelity® VIP Balanced Initial Class
	12/31/2024		427,469		4.14	to	2.17		2,291,535		1.83			1.15		to	3.85			14.60		to	11.60
	12/31/2023		450,089		3.61	to	1.95		2,109,889		1.64			1.15		to	3.85			20.15		to	17.04
	12/31/2022		544,302		3.01	to	1.66		2,126,544		1.22			1.15		to	3.85			(18.87	)	to	(20.98	)
	12/31/2021		634,822		3.71	to	2.11		3,057,938		0.90			1.15		to	3.85			16.92		to	13.88
	12/31/2020		754,599		3.17	to	1.85		3,111,589		1.43			1.15		to	3.85			21.00		to	17.85
Fidelity® VIP Balanced Service Class 2
	12/31/2024		80,379		4.30	to	3.23		300,860		1.70			1.25		to	2.50			14.19		to	12.79
	12/31/2023		88,824		3.76	to	2.86		290,938		1.51			1.25		to	2.50			19.74		to	18.29
	12/31/2022		116,123		3.14	to	2.42		316,845		1.04			1.25		to	2.50			(19.20	)	to	(20.18	)
	12/31/2021		120,245		3.89	to	3.03		406,677		0.68			1.25		to	2.50			16.54		to	15.11
	12/31/2020		156,039		3.34	to	2.64		453,094		1.27			1.25		to	2.50			20.62		to	19.15
Fidelity® VIP Contrafund® Initial Class
	12/31/2024		795,067		8.13	to	4.08		10,183,844		0.19			1.15		to	3.85			32.26		to	28.81
	12/31/2023		884,013		6.15	to	3.17		8,566,992		0.49			1.15		to	3.85			31.94		to	28.52
	12/31/2022		981,297		4.66	to	2.46		7,222,451		0.49			1.15		to	3.85			(27.15	)	to	(29.04	)
	12/31/2021		1,114,031		6.40	to	3.47		11,244,241		0.06			1.15		to	3.85			26.38		to	23.10
	12/31/2020		1,163,986		5.06	to	2.82		9,313,072		0.25			1.15		to	3.85			29.08		to	25.73
Fidelity® VIP Contrafund® Service Class 2
	12/31/2024		1,954,247		7.50	to	4.07		11,566,652		0.03			0.85		to	2.95			32.32		to	29.61
	12/31/2023		1,977,082		5.67	to	3.14		8,839,127		0.26			0.85		to	2.95			32.00		to	29.32
	12/31/2022		2,046,414		4.29	to	2.43		7,009,316		0.26			0.85		to	2.95			(27.11	)	to	(28.59	)
	12/31/2021		2,266,767		5.89	to	3.40		10,713,245		0.03			0.85		to	2.95			26.44		to	23.86
	12/31/2020		2,611,959		4.66	to	2.74		9,880,113		0.08			0.85		to	2.95			29.14		to	26.50
Fidelity® VIP Equity-Income Initial Class
	12/31/2024		612,723		4.05	to	2.15		3,507,953		1.76			1.15		to	3.85			14.03		to	11.05
	12/31/2023		664,959		3.55	to	1.94		3,344,616		1.89			1.15		to	3.85			9.39		to	6.56
	12/31/2022		717,168		3.24	to	1.82		3,305,286		1.80			1.15		to	3.85			(6.04	)	to	(8.47	)
	12/31/2021		813,250		3.45	to	1.99		4,020,258		1.86			1.15		to	3.85			23.47		to	20.27
	12/31/2020		897,970		2.80	to	1.65		3,599,767		1.80			1.15		to	3.85			5.48		to	2.74
Fidelity® VIP Equity-Income Service Class 2
	12/31/2024		1,490,970		3.90	to	2.73		5,458,089		1.54			0.85		to	2.95			14.08		to	11.74
	12/31/2023		1,750,727		3.41	to	2.44		5,655,911		1.71			0.85		to	2.95			9.45		to	7.22
	12/31/2022		1,900,631		3.12	to	2.28		5,650,072		1.69			0.85		to	2.95			(6.04	)	to	(7.96	)
	12/31/2021		2,068,225		3.32	to	2.48		6,579,146		1.62			0.85		to	2.95			23.56		to	21.04
	12/31/2020		2,303,115		2.69	to	2.05		5,962,177		1.59			0.85		to	2.95			5.54		to	3.39
Fidelity® VIP Government Money Market Initial Class
	12/31/2024		486,710		1.23	to	0.63		632,513		5.00			1.15		to	3.85			3.90		to	1.19
	12/31/2023		547,969		1.19	to	0.62		688,437		4.78			1.15		to	3.85			3.70		to	1.02
	12/31/2022		646,362		1.15	to	0.61		785,000		1.60			1.15		to	3.85			0.29		to	(2.31	)
	12/31/2021		389,779		1.14	to	0.63		470,246		0.01			1.15		to	3.85			(1.13	)	to	(3.70	)
	12/31/2020		313,256		1.16	to	0.65		380,772		0.31			1.15		to	3.85			(0.82	)	to	(3.40	)
Fidelity® VIP Government Money Market Service Class 2
	12/31/2024		173,509		1.09	to	0.86		184,168		4.74			1.25		to	2.50			3.54		to	2.27
	12/31/2023		192,704		1.05	to	0.84		197,920		4.54			1.25		to	2.50			3.35		to	2.09
	12/31/2022		211,188		1.02	to	0.83		210,246		1.23			1.25		to	2.50			0.02		to	(1.20	)
	12/31/2021		232,271		1.02	to	0.84		231,154		0.01			1.25		to	2.50			(1.23	)	to	(2.43	)
	12/31/2020		286,723		1.03	to	0.86		289,196		0.25			1.25		to	2.50			(1.00	)	to	(2.21	)

94

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Fidelity® VIP Growth Initial Class
	12/31/2024		692,723		$6.59	to	$3.11	$	7,708,335		-	%		1.15	%	to	3.85	%		28.90	%	to	25.53	%
	12/31/2023		767,929		5.11	to	2.48		6,652,419		0.13			1.15		to	3.85			34.69		to	31.20
	12/31/2022		860,701		3.80	to	1.89		5,551,816		0.62			1.15		to	3.85			(25.31	)	to	(27.25	)
	12/31/2021		1,012,162		5.08	to	2.60		8,722,736		-			1.15		to	3.85			21.81		to	18.65
	12/31/2020		1,141,247		4.17	to	2.19		8,095,914		0.08			1.15		to	3.85			42.26		to	38.56
Fidelity® VIP Growth Service Class 2
	12/31/2024		572,025		8.21	to	33.04		3,044,073		-			0.85		to	2.95			28.97		to	26.33
	12/31/2023		649,307		6.37	to	26.16		2,728,272		-			0.85		to	2.95			34.75		to	32.01
	12/31/2022		699,165		4.73	to	19.81		2,201,483		0.35			0.85		to	2.95			(25.28	)	to	(26.80	)
	12/31/2021		730,905		6.33	to	27.07		3,106,013		-			0.85		to	2.95			21.87		to	19.38
	12/31/2020		884,798		5.19	to	22.67		3,149,653		0.04			0.85		to	2.95			42.34		to	39.44
Fidelity® VIP Growth & Income Initial Class
	12/31/2024		433,856		4.61	to	2.34		2,974,530		1.42			1.15		to	3.85			20.82		to	17.66
	12/31/2023		493,135		3.81	to	1.99		2,800,685		1.58			1.15		to	3.85			17.37		to	14.33
	12/31/2022		574,476		3.25	to	1.74		2,791,123		1.55			1.15		to	3.85			(6.03	)	to	(8.47	)
	12/31/2021		662,390		3.46	to	1.90		3,461,118		2.38			1.15		to	3.85			24.52		to	21.28
	12/31/2020		709,886		2.78	to	1.57		2,985,573		2.07			1.15		to	3.85			6.62		to	3.85
Fidelity® VIP Growth & Income Service Class 2
	12/31/2024		108,014		4.94	to	3.72		442,478		1.27			1.25		to	2.50			20.45		to	18.97
	12/31/2023		113,004		4.10	to	3.12		384,533		1.53			1.25		to	2.50			16.91		to	15.49
	12/31/2022		111,851		3.51	to	2.71		325,098		1.51			1.25		to	2.50			(6.34	)	to	(7.48	)
	12/31/2021		109,674		3.75	to	2.92		341,097		2.19			1.25		to	2.50			24.09		to	22.58
	12/31/2020		124,426		3.02	to	2.39		312,219		1.94			1.25		to	2.50			6.27		to	4.97
Fidelity® VIP Growth Opportunities Initial Class
	12/31/2024		376,752		6.83	to	3.57		3,738,556		-			1.15		to	3.85			37.30		to	33.72
	12/31/2023		404,787		4.97	to	2.67		2,935,727		-			1.15		to	3.85			44.00		to	40.27
	12/31/2022		443,458		3.45	to	1.90		2,240,256		-			1.15		to	3.85			(38.85	)	to	(40.44	)
	12/31/2021		487,969		5.65	to	3.20		4,035,230		-			1.15		to	3.85			10.67		to	7.79
	12/31/2020		572,924		5.10	to	2.97		4,287,046		0.01			1.15		to	3.85			66.74		to	62.42
Fidelity® VIP Growth Opportunities Service Class
	12/31/2024		215,109		9.99	to	10.85		2,056,050		-			1.25		to	2.50			37.04		to	35.36
	12/31/2023		257,194		7.29	to	8.01		1,792,181		-			1.25		to	2.50			43.72		to	41.98
	12/31/2022		294,454		5.07	to	5.64		1,433,446		-			1.25		to	2.50			(38.98	)	to	(39.72	)
	12/31/2021		332,185		8.31	to	9.36		2,660,973		-			1.25		to	2.50			10.45		to	9.10
	12/31/2020		358,115		7.52	to	8.58		2,595,903		0.01			1.25		to	2.50			66.42		to	64.39
Fidelity® VIP Growth Opportunities Service Class 2
	12/31/2024		128,955		11.48	to	38.71		969,848		-			1.05		to	2.95			37.11		to	34.57
	12/31/2023		130,990		8.37	to	28.77		725,306		-			1.05		to	2.95			43.80		to	41.16
	12/31/2022		135,610		5.82	to	20.38		531,929		-			1.05		to	2.95			(38.96	)	to	(40.08	)
	12/31/2021		135,133		9.54	to	34.02		872,431		-			1.05		to	2.95			10.51		to	8.47
	12/31/2020		157,196		8.63	to	31.36		910,039		-			1.05		to	2.95			66.48		to	63.42
Fidelity® VIP High Income Initial Class
	12/31/2024		298,498		2.05	to	1.10		688,653		5.91			1.15		to	3.85			7.73		to	4.91
	12/31/2023		334,159		1.91	to	1.04		716,695		5.22			1.15		to	3.85			9.22		to	6.39
	12/31/2022		402,846		1.74	to	0.98		792,472		4.87			1.15		to	3.85			(12.38	)	to	(14.66	)
	12/31/2021		441,389		1.99	to	1.15		991,863		5.33			1.15		to	3.85			3.22		to	0.54
	12/31/2020		452,174		1.93	to	1.14		986,326		4.96			1.15		to	3.85			1.58		to	(1.06	)
Fidelity® VIP High Income Service Class
	12/31/2024		191,561		2.29	to	1.17		479,700		5.47			1.25		to	2.50			7.37		to	6.06
	12/31/2023		224,575		2.13	to	1.11		530,126		5.50			1.25		to	2.50			9.14		to	7.82
	12/31/2022		253,903		1.96	to	1.03		546,603		4.95			1.25		to	2.50			(12.65	)	to	(13.71	)
	12/31/2021		272,039		2.24	to	1.19		671,179		5.20			1.25		to	2.50			3.21		to	1.95
	12/31/2020		285,145		2.17	to	1.17		683,206		4.82			1.25		to	2.50			1.38		to	0.15

95

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Fidelity® VIP High Income Service Class 2
	12/31/2024		88,007		$2.59	to	$2.02	$	187,057		4.29	%		1.05	%	to	2.50	%		7.48	%	to	5.95	%
	12/31/2023		136,467		2.41	to	1.91		271,496		5.78			1.05		to	2.50			9.10		to	7.56
	12/31/2022		137,710		2.21	to	1.77		252,623		5.01			1.05		to	2.50			(12.59	)	to	(13.82	)
	12/31/2021		144,101		2.53	to	2.06		311,982		4.77			1.05		to	2.50			3.21		to	1.75
	12/31/2020		178,281		2.45	to	2.02		375,085		5.03			1.05		to	2.50			1.36		to	(0.08	)
Fidelity® VIP Index 500 Initial Class
	12/31/2024		2,240,125		5.27	to	2.61		18,389,652		1.26			1.15		to	3.85			23.47		to	20.24
	12/31/2023		2,498,003		4.27	to	2.17		16,687,219		1.44			1.15		to	3.85			24.76		to	21.53
	12/31/2022		2,833,079		3.42	to	1.79		15,282,474		1.43			1.15		to	3.85			(19.14	)	to	(21.24	)
	12/31/2021		3,275,382		4.23	to	2.27		21,929,910		1.23			1.15		to	3.85			27.12		to	23.81
	12/31/2020		3,653,206		3.33	to	1.83		19,306,303		1.71			1.15		to	3.85			16.90		to	13.86
Fidelity® VIP Index 500 Service Class 2
	12/31/2024		171,675		7.24	to	23.74		1,167,657		0.93			1.05		to	2.50			23.29		to	21.53
	12/31/2023		282,957		5.87	to	19.53		1,546,030		1.26			1.05		to	2.50			24.58		to	22.82
	12/31/2022		301,695		4.72	to	15.90		1,328,885		1.20			1.05		to	2.50			(19.26	)	to	(20.41	)
	12/31/2021		351,361		5.84	to	19.98		1,917,332		1.00			1.05		to	2.50			26.93		to	25.13
	12/31/2020		391,546		4.60	to	15.97		1,675,421		1.59			1.05		to	2.50			16.72		to	15.07
Fidelity® VIP Investment Grade Bond Initial Class
	12/31/2024		1,351,263		2.10	to	1.08		2,695,110		3.40			1.15		to	3.85			0.63		to	(2.01	)
	12/31/2023		1,515,785		2.09	to	1.10		3,000,628		2.38			1.15		to	3.85			5.00		to	2.28
	12/31/2022		1,768,730		1.99	to	1.08		3,412,185		2.04			1.15		to	3.85			(13.95	)	to	(16.18	)
	12/31/2021		2,138,193		2.31	to	1.29		4,832,216		2.00			1.15		to	3.85			(1.74	)	to	(4.29	)
	12/31/2020		2,308,297		2.35	to	1.35		5,312,162		2.23			1.15		to	3.85			8.15		to	5.34
Fidelity® VIP Investment Grade Bond Service Class 2
	12/31/2024		240,230		1.55	to	1.12		421,415		3.18			1.05		to	2.50			0.44		to	(0.99	)
	12/31/2023		270,109		1.54	to	1.13		474,010		2.42			1.05		to	2.50			4.90		to	3.42
	12/31/2022		316,788		1.47	to	1.09		526,705		1.92			1.05		to	2.50			(14.11	)	to	(15.33	)
	12/31/2021		380,060		1.71	to	1.29		726,071		1.62			1.05		to	2.50			(1.93	)	to	(3.31	)
	12/31/2020		550,770		1.75	to	1.33		1,085,174		2.01			1.05		to	2.50			8.03		to	6.50
Fidelity® VIP Mid Cap Initial Class
	12/31/2024		321,291		12.68	to	5.79		3,716,631		0.54			1.15		to	3.85			16.15		to	13.11
	12/31/2023		338,220		10.91	to	5.12		3,381,581		0.58			1.15		to	3.85			13.77		to	10.82
	12/31/2022		375,251		9.59	to	4.62		3,306,760		0.48			1.15		to	3.85			(15.71	)	to	(17.90	)
	12/31/2021		426,831		11.38	to	5.63		4,488,248		0.60			1.15		to	3.85			24.17		to	20.95
	12/31/2020		468,960		9.17	to	4.65		3,982,775		0.65			1.15		to	3.85			16.85		to	13.81
Fidelity® VIP Mid Cap Service Class 2
	12/31/2024		943,334		5.92	to	16.72		5,901,436		0.33			0.85		to	2.95			16.18		to	13.80
	12/31/2023		1,111,190		5.09	to	14.69		5,991,910		0.36			0.85		to	2.95			13.84		to	11.52
	12/31/2022		1,356,583		4.47	to	13.17		6,425,794		0.26			0.85		to	2.95			(15.68	)	to	(17.40	)
	12/31/2021		1,490,531		5.30	to	15.95		8,427,986		0.34			0.85		to	2.95			24.25		to	21.72
	12/31/2020		1,698,979		4.27	to	13.10		7,763,743		0.40			0.85		to	2.95			16.87		to	14.49
Fidelity® VIP Overseas Initial Class
	12/31/2024		254,081		2.53	to	1.12		769,298		1.64			1.15		to	3.85			3.85		to	1.14
	12/31/2023		258,115		2.43	to	1.11		753,200		0.99			1.15		to	3.85			19.14		to	16.05
	12/31/2022		287,903		2.04	to	0.96		707,295		1.02			1.15		to	3.85			(25.34	)	to	(27.28	)
	12/31/2021		322,445		2.74	to	1.31		1,062,900		0.52			1.15		to	3.85			18.34		to	15.26
	12/31/2020		385,501		2.31	to	1.14		1,079,014		0.43			1.15		to	3.85			14.30		to	11.33
Fidelity® VIP Value Strategies Service Class 2
	12/31/2024		513,312		4.51	to	18.12		2,399,796		0.78			0.85		to	2.95			8.24		to	6.02
	12/31/2023		539,893		4.16	to	17.09		2,347,203		0.88			0.85		to	2.95			19.59		to	17.16
	12/31/2022		572,044		3.48	to	14.59		2,103,084		0.81			0.85		to	2.95			(8.13	)	to	(10.00	)
	12/31/2021		703,899		3.79	to	16.21		2,835,036		1.19			0.85		to	2.95			32.22		to	29.52
	12/31/2020		780,513		2.87	to	12.52		2,385,117		1.07			0.85		to	2.95			7.11		to	4.92

96

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Franklin Income Class 2 Shares
	12/31/2024		65,588		$2.08	to	$12.92	$	132,474		5.17	%		0.85	%	to	2.50	%		6.30	%	to	4.57	%
	12/31/2023		66,659		1.96	to	12.35		126,885		4.66			0.85		to	2.50			7.71		to	5.98
	12/31/2022		110,769		1.82	to	11.66		193,573		4.86			0.85		to	2.50			(6.27	)	to	(7.77	)
	12/31/2021		139,763		1.94	to	12.64		261,989		4.82			0.85		to	2.50			15.77		to	13.91
	12/31/2020		167,085		1.68	to	11.10		272,189		5.68			0.85		to	2.50			(0.15	)	to	(1.76	)
Franklin Mutual Shares Class 2 Shares
	12/31/2024		979,667		2.02	to	2.12		3,003,031		1.95			0.85		to	2.50			10.33		to	8.54
	12/31/2023		1,139,210		1.83	to	1.95		3,172,048		1.88			0.85		to	2.50			12.51		to	10.70
	12/31/2022		1,230,622		1.63	to	1.76		3,061,053		1.83			0.85		to	2.50			(8.21	)	to	(9.69	)
	12/31/2021		1,321,564		1.77	to	1.95		3,593,839		2.87			0.85		to	2.50			18.16		to	16.26
	12/31/2020		1,430,921		1.50	to	1.68		3,282,029		2.80			0.85		to	2.50			(5.84	)	to	(7.36	)
Franklin Rising Dividends Class 2 Shares
	12/31/2024		274,519		5.98	to	2.26		1,470,556		1.01			1.05		to	2.50			9.63		to	8.07
	12/31/2023		273,585		5.45	to	2.09		1,374,245		0.92			1.05		to	2.50			10.91		to	9.35
	12/31/2022		327,518		4.91	to	1.92		1,486,960		0.80			1.05		to	2.50			(11.50	)	to	(12.75	)
	12/31/2021		357,083		5.55	to	2.20		1,834,689		0.88			1.05		to	2.50			25.47		to	23.70
	12/31/2020		404,714		4.43	to	1.77		1,665,475		1.25			1.05		to	2.50			14.77		to	13.14
Franklin Small Cap Value Class 2 Shares
	12/31/2024		163,082		6.21	to	2.73		947,982		0.98			1.05		to	2.50			10.54		to	8.97
	12/31/2023		184,222		5.62	to	2.51		970,321		0.53			1.05		to	2.50			11.58		to	10.00
	12/31/2022		205,973		5.03	to	2.28		974,498		1.00			1.05		to	2.50			(11.00	)	to	(12.25	)
	12/31/2021		235,538		5.66	to	2.60		1,212,722		1.03			1.05		to	2.50			24.06		to	22.31
	12/31/2020		267,391		4.56	to	2.12		1,115,906		1.50			1.05		to	2.50			4.10		to	2.62
Franklin Small-Mid Cap Growth Class 2 Shares
	12/31/2024		775,674		6.02	to	2.54		3,523,622		-			1.05		to	2.50			9.88		to	8.31
	12/31/2023		897,516		5.48	to	2.35		3,689,397		-			1.05		to	2.50			25.42		to	23.66
	12/31/2022		1,141,536		4.37	to	1.90		3,745,863		-			1.05		to	2.50			(34.38	)	to	(35.31	)
	12/31/2021		1,311,374		6.66	to	2.93		6,582,401		-			1.05		to	2.50			8.87		to	7.33
	12/31/2020		1,405,658		6.12	to	2.73		6,514,633		-			1.05		to	2.50			53.48		to	51.31
Franklin Templeton Developing Markets Class 2 Shares
	12/31/2024		171,407		3.74	to	0.92		466,940		3.96			1.05		to	2.50			6.54		to	5.03
	12/31/2023		176,276		3.51	to	0.88		449,197		2.09			1.05		to	2.50			11.46		to	9.88
	12/31/2022		187,614		3.15	to	0.80		428,804		2.68			1.05		to	2.50			(22.79	)	to	(23.88	)
	12/31/2021		190,135		4.08	to	1.05		542,392		0.88			1.05		to	2.50			(6.72	)	to	(8.04	)
	12/31/2020		231,904		4.38	to	1.14		725,043		4.16			1.05		to	2.50			15.97		to	14.32
Franklin Templeton Foreign Class 2 Shares
	12/31/2024		778,074		1.20	to	1.35		1,346,712		2.43			0.85		to	2.50			(1.84	)	to	(3.43	)
	12/31/2023		876,962		1.23	to	1.40		1,564,172		3.22			0.85		to	2.50			19.74		to	17.82
	12/31/2022		958,106		1.02	to	1.19		1,440,927		3.07			0.85		to	2.50			(8.38	)	to	(9.86	)
	12/31/2021		1,069,041		1.12	to	1.32		1,750,482		1.86			0.85		to	2.50			3.28		to	1.62
	12/31/2020		1,149,294		1.08	to	1.30		1,835,791		3.36			0.85		to	2.50			(1.99	)	to	(3.57	)
Invesco V.I. American Franchise Series I Shares
	12/31/2024		511,692		4.76	to	27.97		2,397,460		-			1.25		to	2.65			33.21		to	31.39
	12/31/2023		626,010		3.57	to	21.29		2,201,123		-			1.25		to	2.65			39.19		to	37.30
	12/31/2022		685,336		2.57	to	15.50		1,733,972		-			1.25		to	2.65			(31.96	)	to	(32.89	)
	12/31/2021		722,186		3.77	to	23.10		2,689,036		-			1.25		to	2.65			10.54		to	9.04
	12/31/2020		832,703		3.41	to	21.19		2,808,198		0.07			1.25		to	2.65			40.60		to	38.68
Invesco V.I. American Franchise Series II Shares
	12/31/2024		74,396		4.85	to	3.80		339,006		-			0.85		to	2.95			33.42		to	30.69
	12/31/2023		87,068		3.63	to	2.91		298,755		-			0.85		to	2.95			39.42		to	36.58
	12/31/2022		89,854		2.61	to	2.13		222,180		-			0.85		to	2.95			(31.87	)	to	(33.26	)
	12/31/2021		95,040		3.83	to	3.19		346,446		-			0.85		to	2.95			10.71		to	8.45
	12/31/2020		102,683		3.46	to	2.94		339,743		-			0.85		to	2.95			40.80		to	37.93

97

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

			At December 31								For the Year Ended December 31
Subaccount			Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Invesco V.I. American Value Series II Shares
	12/31/2024			27,261		$14.94	to	$13.85	$	397,773		0.62	%		0.85	%	to	2.95	%		28.99	%	to	26.35	%
	12/31/2023			78,960		11.58	to	10.96		906,471		0.40			0.85		to	2.95			14.32		to	12.00
	12/31/2022			80,427		10.13	to	9.79		810,172		0.42			0.85		to	2.95			(3.68	)	to	(5.64	)
	12/31/2021	(1)		26,888		10.52	to	10.37		281,743		0.23			0.85		to	2.95			-		to	-
Invesco V.I. Capital Appreciation Series I Shares
	12/31/2024			1,173,232		7.57	to	4.56		7,869,443		-			1.25		to	2.50			32.50		to	30.87
	12/31/2023			1,477,335		5.71	to	3.49		7,412,188		-			1.25		to	2.50			33.71		to	32.09
	12/31/2022			1,707,136		4.27	to	2.64		6,303,114		-			1.25		to	2.50			(31.64	)	to	(32.47	)
	12/31/2021			1,879,970		6.25	to	3.91		10,120,569		-			1.25		to	2.50			21.06		to	19.58
	12/31/2020			1,975,867		5.16	to	3.27		8,801,772		-			1.25		to	2.50			34.90		to	33.26
Invesco V.I. Capital Appreciation Series II Shares
	12/31/2024			108,873		6.57	to	3.84		582,521		-			1.05		to	2.50			32.43		to	30.55
	12/31/2023			131,151		4.96	to	2.94		533,828		-			1.05		to	2.50			33.63		to	31.75
	12/31/2022			148,930		3.71	to	2.23		453,755		-			1.05		to	2.50			(31.68	)	to	(32.65	)
	12/31/2021			155,307		5.44	to	3.31		701,382		-			1.05		to	2.50			21.01		to	19.30
	12/31/2020			161,726		4.49	to	2.77		607,337		-			1.05		to	2.50			34.82		to	32.92
Invesco V.I. Comstock Series II Shares
	12/31/2024			247,750		4.29	to	17.67		1,038,308		1.50			1.05		to	2.50			13.67		to	12.05
	12/31/2023			281,476		3.77	to	15.77		1,037,741		1.53			1.05		to	2.50			10.93		to	9.37
	12/31/2022			353,012		3.40	to	14.42		1,172,087		1.32			1.05		to	2.50			(0.20	)	to	(1.61	)
	12/31/2021			413,483		3.41	to	14.65		1,377,726		1.60			1.05		to	2.50			31.66		to	29.80
	12/31/2020			468,663		2.59	to	11.29		1,187,878		2.21			1.05		to	2.50			(2.12	)	to	(3.50	)
Invesco V.I. Core Equity Series II Shares
	12/31/2024			322,147		5.14	to	1.95		1,146,703		0.49			1.05		to	2.50			23.98		to	22.22
	12/31/2023			334,953		4.14	to	1.59		969,008		0.47			1.05		to	2.50			21.81		to	20.09
	12/31/2022			394,731		3.40	to	1.33		956,066		0.62			1.05		to	2.50			(21.58	)	to	(22.68	)
	12/31/2021			437,969		4.34	to	1.72		1,355,162		0.45			1.05		to	2.50			26.06		to	24.27
	12/31/2020			458,625		3.44	to	1.38		1,130,533		1.09			1.05		to	2.50			12.39		to	10.80
Invesco V.I. Discovery Mid Cap Growth Series II Shares
	12/31/2024			7,830		16.30	to	15.25		126,465		-			1.05		to	2.50			22.63		to	20.88
	12/31/2023			9,117		13.29	to	12.62		120,289		-			1.05		to	2.50			11.68		to	10.11
	12/31/2022			11,405		11.90	to	11.46		135,022		-			1.05		to	2.50			(31.85	)	to	(32.81	)
	12/31/2021			12,651		17.47	to	17.05		220,214		-			1.05		to	2.50			17.56		to	15.89
	12/31/2020	(1)		14,221		14.86	to	14.72		211,012		-			1.05		to	2.50			-		to	-
Invesco V.I. Equity and Income Series I Shares
	12/31/2024	(1)		858,621		1.06	to	1.05		911,339		1.72			1.25		to	2.50			-		to	-
Invesco V.I. Equity and Income Series II Shares
	12/31/2024			715,900		3.49	to	14.37		2,413,229		1.56			1.05		to	2.50			10.74		to	9.16
	12/31/2023			785,533		3.15	to	13.16		2,403,495		1.60			1.05		to	2.50			9.10		to	7.56
	12/31/2022			985,918		2.89	to	12.24		2,779,221		1.42			1.05		to	2.50			(8.67	)	to	(9.96	)
	12/31/2021			1,073,730		3.16	to	13.59		3,283,159		1.62			1.05		to	2.50			17.12		to	15.47
	12/31/2020			1,209,040		2.70	to	11.77		3,155,403		2.14			1.05		to	2.50			8.51		to	6.98
Invesco V.I. EQV International Equity Series I Shares
	12/31/2024			133,153		2.86	to	1.39		350,096		1.73			1.25		to	2.50			(0.63	)	to	(1.85	)
	12/31/2023			144,988		2.88	to	1.41		386,147		0.20			1.25		to	2.50			16.69		to	15.27
	12/31/2022			156,518		2.47	to	1.23		357,207		1.71			1.25		to	2.50			(19.31	)	to	(20.30	)
	12/31/2021			172,888		3.06	to	1.54		480,432		1.19			1.25		to	2.50			4.58		to	3.31
	12/31/2020			200,333		2.92	to	1.49		535,246		2.35			1.25		to	2.50			12.59		to	11.21
Invesco V.I. EQV International Equity Series II Shares
	12/31/2024			14,430		3.77	to	12.72		52,928		1.52			1.05		to	2.50			(0.70	)	to	(2.12	)
	12/31/2023			15,545		3.80	to	12.99		57,394		-			1.05		to	2.50			16.65		to	15.00
	12/31/2022			16,411		3.26	to	11.30		52,009		1.41			1.05		to	2.50			(19.35	)	to	(20.49	)
	12/31/2021			17,283		4.04	to	14.21		68,001		1.02			1.05		to	2.50			4.51		to	3.03
	12/31/2020			19,855		3.86	to	13.79		75,021		2.20			1.05		to	2.50			12.56		to	10.97

98

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Invesco V.I. Global Series I Shares
	12/31/2024		291,516		$8.69	to	$2.34	$	2,118,056		-	%		1.25	%	to	2.50	%		14.63	%	to	13.22	%
	12/31/2023		314,374		7.58	to	2.07		1,999,259		0.23			1.25		to	2.50			33.08		to	31.46
	12/31/2022		330,234		5.70	to	1.57		1,572,394		-			1.25		to	2.50			(32.61	)	to	(33.43	)
	12/31/2021		327,482		8.45	to	2.36		2,417,890		-			1.25		to	2.50			14.06		to	12.67
	12/31/2020		390,100		7.41	to	2.10		2,557,208		0.68			1.25		to	2.50			26.06		to	24.53
Invesco V.I. Global Series II Shares
	12/31/2024		8,554		6.62	to	4.01		40,217		-			1.05		to	2.50			14.57		to	12.94
	12/31/2023		8,731		5.78	to	3.55		35,986		-			1.05		to	2.50			33.05		to	31.18
	12/31/2022		8,894		4.34	to	2.71		27,649		-			1.05		to	2.50			(32.64	)	to	(33.60	)
	12/31/2021		33,317		6.45	to	4.08		152,132		-			1.05		to	2.50			13.97		to	12.36
	12/31/2020		60,718		5.66	to	3.63		243,789		0.45			1.05		to	2.50			26.01		to	24.23
Invesco V.I. Global Strategic Income Series I Shares
	12/31/2024		454,068		2.18	to	0.95		925,809		2.80			1.25		to	2.50			1.88		to	0.63
	12/31/2023		568,699		2.14	to	0.95		1,145,795		-			1.25		to	2.50			7.54		to	6.23
	12/31/2022		629,621		1.99	to	0.89		1,185,217		-			1.25		to	2.50			(12.55	)	to	(13.62	)
	12/31/2021		785,372		2.27	to	1.03		1,683,488		4.44			1.25		to	2.50			(4.61	)	to	(5.77	)
	12/31/2020		900,931		2.38	to	1.09		2,029,532		5.80			1.25		to	2.50			2.12		to	0.88
Invesco V.I. Global Strategic Income Series II Shares
	12/31/2024		199,485		1.74	to	0.90		315,398		2.69			1.05		to	2.50			1.72		to	0.27
	12/31/2023		217,388		1.71	to	0.90		339,519		-			1.05		to	2.50			7.47		to	5.96
	12/31/2022		237,393		1.60	to	0.85		345,722		-			1.05		to	2.50			(12.63	)	to	(13.86	)
	12/31/2021		316,034		1.83	to	0.98		532,788		4.01			1.05		to	2.50			(4.56	)	to	(5.92	)
	12/31/2020		377,524		1.91	to	1.04		670,734		5.29			1.05		to	2.50			1.92		to	0.48
Invesco V.I. Government Securities Series I Shares
	12/31/2024		136,235		1.54	to	0.95		207,004		2.31			1.25		to	2.50			0.46		to	(0.78	)
	12/31/2023		162,783		1.54	to	0.95		246,268		2.04			1.25		to	2.50			3.33		to	2.08
	12/31/2022		182,030		1.49	to	0.93		265,858		1.98			1.25		to	2.50			(11.40	)	to	(12.48	)
	12/31/2021		202,813		1.68	to	1.07		334,788		2.01			1.25		to	2.50			(3.47	)	to	(4.65	)
	12/31/2020		272,071		1.74	to	1.12		467,497		2.51			1.25		to	2.50			4.96		to	3.68
Invesco V.I. Government Securities Series II Shares
	12/31/2024		188,126		1.27	to	0.85		220,514		2.33			1.05		to	2.50			0.41		to	(1.01	)
	12/31/2023		199,991		1.26	to	0.86		234,243		1.80			1.05		to	2.50			3.38		to	1.92
	12/31/2022		211,900		1.22	to	0.84		240,800		1.77			1.05		to	2.50			(11.51	)	to	(12.75	)
	12/31/2021		218,358		1.38	to	0.97		277,701		1.83			1.05		to	2.50			(3.45	)	to	(4.82	)
	12/31/2020		338,623		1.43	to	1.02		457,882		2.12			1.05		to	2.50			4.87		to	3.39
Invesco V.I. Main Street Series I Shares
	12/31/2024		689,568		5.58	to	2.94		3,521,044		-			1.25		to	2.50			22.11		to	20.61
	12/31/2023		801,419		4.57	to	2.44		3,373,909		0.85			1.25		to	2.50			21.70		to	20.22
	12/31/2022		877,084		3.75	to	2.03		3,039,963		1.37			1.25		to	2.50			(21.12	)	to	(22.08	)
	12/31/2021		1,048,560		4.76	to	2.60		4,616,392		0.70			1.25		to	2.50			26.00		to	24.46
	12/31/2020		1,147,186		3.78	to	2.09		4,008,749		1.49			1.25		to	2.50			12.54		to	11.16
Invesco V.I. Main Street Series II Shares
	12/31/2024		110,961		5.84	to	3.69		586,702		-			1.05		to	2.50			22.10		to	20.37
	12/31/2023		128,623		4.78	to	3.06		555,931		0.50			1.05		to	2.50			21.56		to	19.84
	12/31/2022		133,020		3.93	to	2.56		480,858		1.10			1.05		to	2.50			(21.14	)	to	(22.25	)
	12/31/2021		141,166		4.99	to	3.29		614,070		0.48			1.05		to	2.50			25.91		to	24.13
	12/31/2020		183,308		3.96	to	2.65		627,332		1.10			1.05		to	2.50			12.51		to	10.92
Invesco V.I. Main Street Mid Cap Series II Shares
	12/31/2024		66,313		4.53	to	15.67		249,285		0.12			1.05		to	2.50			15.57		to	13.93
	12/31/2023		70,768		3.92	to	13.75		229,710		0.04			1.05		to	2.50			12.96		to	11.37
	12/31/2022		77,116		3.47	to	12.35		220,481		0.07			1.05		to	2.50			(15.34	)	to	(16.54	)
	12/31/2021		87,865		4.10	to	14.80		294,844		0.24			1.05		to	2.50			21.59		to	19.87
	12/31/2020		97,230		3.37	to	12.34		267,747		0.49			1.05		to	2.50			7.81		to	6.28

99

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

			At December 31								For the Year Ended December 31
Subaccount			Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Invesco V.I. Main Street Small Cap Series II Shares
	12/31/2024			7,191		$7.10	to	$16.81	$	48,583		-	%		1.05	%	to	2.50	%		11.23	%	to	9.65	%
	12/31/2023			8,259		6.38	to	15.33		50,016		0.94			1.05		to	2.50			16.60		to	14.95
	12/31/2022			8,514		5.47	to	13.33		44,839		0.24			1.05		to	2.50			(16.91	)	to	(18.09	)
	12/31/2021			9,154		6.59	to	16.28		62,522		0.17			1.05		to	2.50			20.99		to	19.28
	12/31/2020			13,084		5.45	to	13.65		71,081		0.38			1.05		to	2.50			18.39		to	16.72
Janus Henderson - Balanced Service Shares
	12/31/2024			731,157		3.79	to	17.19		2,773,627		1.76			1.40		to	2.65			13.55		to	12.16
	12/31/2023			841,866		3.34	to	15.33		2,812,541		1.80			1.40		to	2.65			13.55		to	12.17
	12/31/2022			849,521		2.94	to	13.66		2,499,448		1.11			1.40		to	2.65			(17.77	)	to	(18.77	)
	12/31/2021			980,576		3.58	to	16.82		3,508,365		0.88			1.40		to	2.65			15.30		to	13.89
	12/31/2020			1,081,220		3.10	to	14.77		3,355,254		2.12			1.40		to	2.65			12.46		to	11.09
Janus Henderson - Enterprise Service Shares
	12/31/2024			473,342		8.19	to	21.04		1,433,885		0.63			0.85		to	2.95			14.34		to	12.00
	12/31/2023			503,560		7.17	to	18.79		1,339,930		0.09			0.85		to	2.95			16.79		to	14.41
	12/31/2022			547,352		6.14	to	16.42		1,257,517		0.27			0.85		to	2.95			(16.86	)	to	(18.55	)
	12/31/2021			582,109		7.38	to	20.16		1,615,499		0.24			0.85		to	2.95			15.56		to	13.20
	12/31/2020			660,204		6.39	to	17.81		1,588,283		0.04			0.85		to	2.95			18.18		to	15.77
Janus Henderson - Forty Service Shares
	12/31/2024			43,334		5.39	to	29.61		225,450		0.01			1.25		to	2.50			26.55		to	25.00
	12/31/2023			51,642		4.26	to	23.69		212,630		0.12			1.25		to	2.50			37.94		to	36.26
	12/31/2022			53,934		3.09	to	17.38		161,229		0.05			1.25		to	2.50			(34.55	)	to	(35.34	)
	12/31/2021			56,597		4.72	to	26.89		258,868		0.53			1.25		to	2.50			21.09		to	19.61
	12/31/2020			58,684		3.90	to	22.48		222,002		0.62			1.25		to	2.50			37.32		to	35.65
Janus Henderson - Global Research Service Shares
	12/31/2024			702,827		3.95	to	3.11		1,467,065		0.60			0.85		to	2.95			22.22		to	19.72
	12/31/2023			741,652		3.23	to	2.60		1,286,071		0.77			0.85		to	2.95			25.41		to	22.86
	12/31/2022			784,804		2.58	to	2.11		1,100,009		1.48			0.85		to	2.95			(20.29	)	to	(21.91	)
	12/31/2021			851,473		3.23	to	2.71		1,539,019		0.36			0.85		to	2.95			16.80		to	14.42
	12/31/2020			918,568		2.77	to	2.37		1,443,744		0.64			0.85		to	2.95			18.75		to	16.33
Janus Henderson - Mid Cap Value Service Shares
	12/31/2024			36,534		3.47	to	13.92		120,026		0.84			1.70		to	2.95			10.91		to	9.55
	12/31/2023			36,971		3.13	to	12.71		109,730		0.96			1.70		to	2.95			9.26		to	7.93
	12/31/2022			37,724		2.86	to	11.77		102,502		1.16			1.70		to	2.95			(7.35	)	to	(8.47	)
	12/31/2021			37,995		3.09	to	12.86		111,888		0.31			1.70		to	2.95			17.43		to	16.00
	12/31/2020			38,658		2.63	to	11.09		96,945		1.03			1.70		to	2.95			(2.86	)	to	(4.04	)
Janus Henderson - Overseas Service Shares
	12/31/2024			508,783		1.84	to	15.92		910,883		1.30			1.25		to	2.65			4.27		to	2.84
	12/31/2023			589,999		1.77	to	15.48		1,012,432		1.43			1.25		to	2.65			9.22		to	7.74
	12/31/2022			618,013		1.62	to	14.37		973,258		1.67			1.25		to	2.65			(9.96	)	to	(11.19	)
	12/31/2021			697,382		1.80	to	16.18		1,219,531		1.02			1.25		to	2.65			11.89		to	10.36
	12/31/2020			830,004		1.61	to	14.66		1,297,577		1.22			1.25		to	2.65			14.59		to	13.03
Janus Henderson - Research Service Shares
	12/31/2024			284,390		3.36	to	28.74		953,850		-			1.25		to	2.65			33.28		to	31.46
	12/31/2023			322,000		2.52	to	21.86		811,484		0.06			1.25		to	2.65			41.05		to	39.14
	12/31/2022			325,474		1.79	to	15.71		582,356		0.59			1.25		to	2.65			(30.93	)	to	(31.87	)
	12/31/2021			377,570		2.59	to	23.06		979,481		0.02			1.25		to	2.65			18.57		to	16.95
	12/31/2020			448,283		2.18	to	19.72		982,262		0.35			1.25		to	2.65			30.94		to	29.16
LVIP JPMorgan Core Bond Standard Shares
	12/31/2024			1,167,945		2.01	to	1.25		1,821,984		4.20			1.15		to	2.70			0.56		to	(0.97	)
	12/31/2023	(1)		1,332,670		2.00	to	1.27		2,068,784		1.52			1.15		to	2.70			-		to	-
LVIP JPMorgan Mid Cap Value Standard Shares
	12/31/2024			162,005		7.33	to	3.78		865,088		1.14			1.15		to	2.70			12.98		to	11.27
	12/31/2023	(1)		206,086		6.49	to	3.40		963,827		1.83			1.15		to	2.70			-		to	-

100

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

			At December 31								For the Year Ended December 31
Subaccount			Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
LVIP JPMorgan U.S. Equity Standard Shares
	12/31/2024			312,867		$5.61	to	$4.12	$	1,427,354		0.46	%		1.15	%	to	2.70	%		22.57	%	to	20.71	%
	12/31/2023	(1)		436,955		4.58	to	3.41		1,638,273		0.75			1.15		to	2.70			-		to	-
MFS® Core Equity Initial Class
	12/31/2024			12,418		2.80	to	23.63		34,537		0.60			1.25		to	2.50			18.62		to	17.16
	12/31/2023			13,362		2.36	to	20.17		31,356		0.51			1.25		to	2.50			21.63		to	20.15
	12/31/2022			17,958		1.94	to	16.79		34,701		0.31			1.25		to	2.50			(18.29	)	to	(19.29	)
	12/31/2021			20,763		2.37	to	20.80		49,135		0.44			1.25		to	2.50			23.77		to	22.26
	12/31/2020			25,378		1.92	to	17.01		48,500		0.73			1.25		to	2.50			17.24		to	15.81
MFS® Growth Initial Class
	12/31/2024			604,818		8.53	to	7.17		5,054,560		-			1.25		to	2.50			29.83		to	28.24
	12/31/2023			676,248		6.57	to	5.59		4,369,992		-			1.25		to	2.50			34.19		to	32.56
	12/31/2022			751,005		4.90	to	4.22		3,622,012		-			1.25		to	2.50			(32.48	)	to	(33.30	)
	12/31/2021			863,429		7.25	to	6.32		6,026,084		-			1.25		to	2.50			22.01		to	20.52
	12/31/2020			916,662		5.94	to	5.25		5,252,675		-			1.25		to	2.50			30.23		to	28.64
MFS® Growth Service Class
	12/31/2024			142,618		10.43	to	5.76		1,304,429		-			1.05		to	2.50			29.78		to	27.94
	12/31/2023			160,650		8.04	to	4.50		1,121,680		-			1.05		to	2.50			34.11		to	32.22
	12/31/2022			170,066		5.99	to	3.40		887,155		-			1.05		to	2.50			(32.51	)	to	(33.47	)
	12/31/2021			204,802		8.88	to	5.11		1,553,674		-			1.05		to	2.50			21.96		to	20.23
	12/31/2020			223,086		7.28	to	4.25		1,383,659		-			1.05		to	2.50			30.17		to	28.33
MFS® Massachusetts Investors Growth Stock Initial Class
	12/31/2024			21,520		3.02	to	26.44		64,562		0.35			1.25		to	2.50			14.82		to	13.42
	12/31/2023			23,362		2.63	to	23.32		61,095		0.30			1.25		to	2.50			22.48		to	20.99
	12/31/2022			24,660		2.15	to	19.27		52,701		0.10			1.25		to	2.50			(20.25	)	to	(21.23	)
	12/31/2021			26,643		2.70	to	24.46		71,470		0.25			1.25		to	2.50			24.42		to	22.90
	12/31/2020			31,531		2.17	to	19.90		68,018		0.46			1.25		to	2.50			21.01		to	19.54
MFS® Massachusetts Investors Growth Stock Service Class
	12/31/2024			393,935		3.01	to	25.74		1,196,657		0.13			1.05		to	2.50			14.77		to	13.14
	12/31/2023			445,752		2.62	to	22.75		1,180,406		0.05			1.05		to	2.50			22.42		to	20.70
	12/31/2022			539,758		2.14	to	18.85		1,168,490		-			1.05		to	2.50			(20.28	)	to	(21.41	)
	12/31/2021			597,332		2.69	to	23.99		1,584,017		0.03			1.05		to	2.50			24.35		to	22.59
	12/31/2020			652,057		2.16	to	19.57		1,392,846		0.22			1.05		to	2.50			20.93		to	19.22
MFS® New Discovery Initial Class
	12/31/2024			93,018		3.37	to	18.25		308,961		-			1.25		to	2.50			5.40		to	4.11
	12/31/2023			102,367		3.20	to	17.53		322,661		-			1.25		to	2.50			13.00		to	11.63
	12/31/2022			118,461		2.83	to	15.70		330,511		-			1.25		to	2.50			(30.62	)	to	(31.47	)
	12/31/2021			127,318		4.08	to	22.91		512,267		-			1.25		to	2.50			0.54		to	(0.68	)
	12/31/2020			140,010		4.06	to	23.07		560,558		-			1.25		to	2.50			44.09		to	42.33
MFS® New Discovery Service Class
	12/31/2024			64,512		4.82	to	2.57		323,427		-			0.85		to	2.95			5.53		to	3.37
	12/31/2023			74,206		4.56	to	2.49		352,595		-			0.85		to	2.95			13.29		to	10.99
	12/31/2022			79,865		4.03	to	2.24		336,618		-			0.85		to	2.95			(30.58	)	to	(32.00	)
	12/31/2021			83,447		5.80	to	3.30		507,625		-			0.85		to	2.95			0.72		to	(1.34	)
	12/31/2020			92,106		5.76	to	3.34		556,712		-			0.85		to	2.95			44.36		to	41.42
MFS® Research Initial Class
	12/31/2024			286,164		5.95	to	4.20		1,610,143		0.59			1.25		to	2.50			17.40		to	15.96
	12/31/2023			318,458		5.07	to	3.63		1,525,586		0.51			1.25		to	2.50			20.91		to	19.44
	12/31/2022			352,813		4.19	to	3.04		1,399,965		0.48			1.25		to	2.50			(18.23	)	to	(19.23	)
	12/31/2021			394,909		5.12	to	3.76		1,921,111		0.55			1.25		to	2.50			23.26		to	21.76
	12/31/2020			406,530		4.16	to	3.09		1,607,678		0.73			1.25		to	2.50			15.15		to	13.75

101

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
MFS® Research Service Class
	12/31/2024		185,963		$7.01	to	$4.11	$	1,113,577		0.38	%		1.05	%	to	2.50	%		17.32	%	to	15.65	%
	12/31/2023		197,674		5.97	to	3.55		1,017,632		0.25			1.05		to	2.50			20.86		to	19.15
	12/31/2022		237,385		4.94	to	2.98		1,026,032		0.19			1.05		to	2.50			(18.29	)	to	(19.44	)
	12/31/2021		257,596		6.05	to	3.70		1,373,686		0.34			1.05		to	2.50			23.22		to	21.48
	12/31/2020		274,686		4.91	to	3.05		1,196,105		0.53			1.05		to	2.50			15.11		to	13.48
MFS® Total Return Initial Class
	12/31/2024		1,500,570		3.80	to	1.99		5,038,098		2.42			1.25		to	2.50			6.41		to	5.11
	12/31/2023		1,718,906		3.57	to	1.89		5,442,973		2.02			1.25		to	2.50			9.08		to	7.76
	12/31/2022		1,863,455		3.27	to	1.76		5,437,865		1.71			1.25		to	2.50			(10.70	)	to	(11.78	)
	12/31/2021		2,094,586		3.67	to	1.99		6,839,712		1.76			1.25		to	2.50			12.71		to	11.33
	12/31/2020		2,367,619		3.25	to	1.79		6,909,626		2.28			1.25		to	2.50			8.46		to	7.13
MFS® Total Return Service Class
	12/31/2024		670,100		2.91	to	13.31		1,787,840		2.20			0.85		to	2.95			6.55		to	4.36
	12/31/2023		859,313		2.73	to	12.75		2,178,390		1.82			0.85		to	2.95			9.29		to	7.07
	12/31/2022		1,066,076		2.50	to	11.91		2,474,803		1.47			0.85		to	2.95			(10.60	)	to	(12.42	)
	12/31/2021		1,155,385		2.79	to	13.60		3,017,668		1.52			0.85		to	2.95			12.88		to	10.57
	12/31/2020		1,423,025		2.47	to	12.30		3,290,810		2.06			0.85		to	2.95			8.59		to	6.38
MFS® Total Return Bond Initial Class
	12/31/2024		59,552		2.04	to	9.58		118,578		4.29			1.25		to	2.50			1.27		to	0.03
	12/31/2023		66,982		2.02	to	9.58		131,807		3.17			1.25		to	2.50			6.06		to	4.77
	12/31/2022		70,879		1.90	to	9.14		131,543		2.80			1.25		to	2.50			(15.00	)	to	(16.03	)
	12/31/2021		76,986		2.24	to	10.89		168,229		2.65			1.25		to	2.50			(2.04	)	to	(3.23	)
	12/31/2020		82,275		2.28	to	11.25		183,706		3.48			1.25		to	2.50			7.13		to	5.82
MFS® Total Return Bond Service Class
	12/31/2024		546,678		1.56	to	9.33		824,806		4.06			1.05		to	2.50			1.26		to	(0.18	)
	12/31/2023		571,806		1.54	to	9.34		853,259		2.98			1.05		to	2.50			6.02		to	4.52
	12/31/2022		693,933		1.45	to	8.94		977,753		2.49			1.05		to	2.50			(15.07	)	to	(16.27	)
	12/31/2021		776,692		1.71	to	10.67		1,289,630		2.54			1.05		to	2.50			(2.10	)	to	(3.48	)
	12/31/2020		782,390		1.74	to	11.06		1,327,192		3.18			1.05		to	2.50			7.05		to	5.54
MFS® Utilities Initial Class
	12/31/2024		696,763		6.47	to	2.99		4,291,689		2.28			1.25		to	2.50			10.27		to	8.92
	12/31/2023		767,093		5.86	to	2.74		4,292,583		3.50			1.25		to	2.50			(3.31	)	to	(4.49	)
	12/31/2022		855,275		6.07	to	2.87		4,958,025		2.40			1.25		to	2.50			(0.49	)	to	(1.70	)
	12/31/2021		952,964		6.10	to	2.92		5,558,397		1.73			1.25		to	2.50			12.68		to	11.31
	12/31/2020		1,007,675		5.41	to	2.63		5,228,628		2.47			1.25		to	2.50			4.59		to	3.32
MFS® Utilities Service Class
	12/31/2024		120,279		6.86	to	3.94		795,547		2.05			1.05		to	2.50			10.18		to	8.61
	12/31/2023		121,898		6.23	to	3.63		735,373		3.22			1.05		to	2.50			(3.34	)	to	(4.71	)
	12/31/2022		140,849		6.45	to	3.81		881,600		2.23			1.05		to	2.50			(0.56	)	to	(1.97	)
	12/31/2021		158,963		6.48	to	3.88		1,010,804		1.53			1.05		to	2.50			12.64		to	11.05
	12/31/2020		184,273		5.75	to	3.50		1,055,479		2.21			1.05		to	2.50			4.52		to	3.04
Putnam VT Core Equity Class IB Shares
	12/31/2024		84		7.25	to	25.39		353		0.60			1.05		to	2.50			25.63		to	23.85
	12/31/2023		84		5.77	to	20.50		283		0.26			1.05		to	2.50			26.76		to	24.97
	12/31/2022		1,043		4.55	to	16.41		2,688		1.01			1.05		to	2.50			(16.64	)	to	(17.82	)
	12/31/2021		1,125		5.46	to	19.96		3,490		0.65			1.05		to	2.50			29.65		to	27.82
	12/31/2020		1,203		4.21	to	15.62		2,887		1.00			1.05		to	2.50			16.11		to	14.46
Putnam VT Diversified Income Class IB Shares
	12/31/2024		116,170		1.86	to	0.93		210,472		6.03			1.05		to	2.50			4.66		to	3.17
	12/31/2023		121,245		1.78	to	0.90		210,135		6.05			1.05		to	2.50			3.73		to	2.27
	12/31/2022		126,977		1.72	to	0.88		212,304		6.74			1.05		to	2.50			(3.36	)	to	(4.72	)
	12/31/2021		141,695		1.78	to	0.92		243,420		0.68			1.05		to	2.50			(7.92	)	to	(9.22	)
	12/31/2020		162,976		1.93	to	1.02		306,505		7.63			1.05		to	2.50			(1.93	)	to	(3.32	)

102

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Putnam VT Focused International Equity Class IB Shares
	12/31/2024		345,453		$3.50	to	$2.12	$	806,348		1.64	%		1.05	%	to	2.50	%		2.22	%	to	0.76	%
	12/31/2023		365,673		3.43	to	2.10		838,551		0.68			1.05		to	2.50			18.01		to	16.35
	12/31/2022		386,940		2.90	to	1.81		754,840		1.76			1.05		to	2.50			(19.04	)	to	(20.19	)
	12/31/2021		384,255		3.59	to	2.26		930,397		0.76			1.05		to	2.50			11.41		to	9.83
	12/31/2020		414,677		3.22	to	2.06		913,062		0.16			1.05		to	2.50			8.92		to	7.38
Putnam VT George Putnam Balanced Class IB Shares
	12/31/2024		260,100		3.30	to	1.92		803,555		1.14			1.05		to	2.50			15.51		to	13.86
	12/31/2023		267,775		2.86	to	1.68		718,822		1.23			1.05		to	2.50			18.66		to	16.99
	12/31/2022		293,685		2.41	to	1.44		666,392		0.91			1.05		to	2.50			(16.87	)	to	(18.04	)
	12/31/2021		312,864		2.90	to	1.76		857,856		0.84			1.05		to	2.50			12.77		to	11.18
	12/31/2020		328,927		2.57	to	1.58		800,278		1.14			1.05		to	2.50			14.21		to	12.59
Putnam VT Global Health Care Class IB Shares
	12/31/2024		50,688		5.40	to	1.88		194,166		0.48			1.05		to	2.50			0.37		to	(1.06	)
	12/31/2023		36,431		5.38	to	1.90		181,501		0.30			1.05		to	2.50			8.00		to	6.48
	12/31/2022		38,345		4.98	to	1.78		175,916		0.40			1.05		to	2.50			(5.66	)	to	(6.99	)
	12/31/2021		40,015		5.28	to	1.92		196,061		1.08			1.05		to	2.50			18.16		to	16.49
	12/31/2020		46,699		4.47	to	1.64		191,253		0.48			1.05		to	2.50			15.07		to	13.44
Putnam VT Government Money Market Class IB Shares
	12/31/2024		2,144,153		1.06	to	0.78		2,141,781		4.55			1.05		to	2.50			3.56		to	2.09
	12/31/2023		2,003,452		1.02	to	0.77		1,927,227		4.34			1.05		to	2.50			3.35		to	1.89
	12/31/2022		1,771,265		0.99	to	0.75		1,711,461		1.12			1.05		to	2.50			0.08		to	(1.34	)
	12/31/2021		2,153,891		0.99	to	0.76		2,072,030		0.01			1.05		to	2.50			(1.03	)	to	(2.43	)
	12/31/2020		2,111,326		1.00	to	0.78		2,071,423		0.19			1.05		to	2.50			(0.85	)	to	(2.26	)
Putnam VT Income Class IB Shares
	12/31/2024		78,757		1.79	to	9.04		140,925		5.39			1.25		to	2.50			1.05		to	(0.19	)
	12/31/2023		78,761		1.77	to	9.06		139,479		5.68			1.25		to	2.50			3.41		to	2.15
	12/31/2022		80,354		1.72	to	8.87		137,541		5.60			1.25		to	2.50			(14.87	)	to	(15.91	)
	12/31/2021		81,267		2.02	to	10.55		163,373		1.46			1.25		to	2.50			(5.76	)	to	(6.91	)
	12/31/2020		93,733		2.14	to	11.33		199,279		4.88			1.25		to	2.50			4.42		to	3.15
Putnam VT International Equity Class IB Shares
	12/31/2024		24,611		2.72	to	13.12		43,836		2.29			1.05		to	2.50			1.90		to	0.45
	12/31/2023		32,791		2.67	to	13.06		57,853		0.04			1.05		to	2.50			17.28		to	15.62
	12/31/2022		33,683		2.27	to	11.30		50,831		1.72			1.05		to	2.50			(15.65	)	to	(16.84	)
	12/31/2021		54,934		2.70	to	13.59		102,923		1.31			1.05		to	2.50			7.69		to	6.17
	12/31/2020		72,503		2.50	to	12.80		125,848		1.61			1.05		to	2.50			10.93		to	9.36
Putnam VT Large Cap Growth Class IB Shares
	12/31/2024		204,927		9.04	to	6.60		793,152		-			1.05		to	2.50			32.01		to	30.14
	12/31/2023		250,177		6.85	to	5.07		828,647		-			1.05		to	2.50			42.98		to	40.97
	12/31/2022		258,949		4.79	to	3.60		602,781		-			1.05		to	2.50			(31.22	)	to	(32.20	)
	12/31/2021		306,483		6.96	to	5.31		1,112,233		-			1.05		to	2.50			21.38		to	19.66
	12/31/2020		362,325		5.74	to	4.44		1,045,091		0.04			1.05		to	2.50			37.27		to	35.33
Putnam VT Large Cap Value Class IB Shares
	12/31/2024		543,496		6.59	to	3.31		3,314,914		1.10			1.05		to	2.50			17.90		to	16.22
	12/31/2023		566,260		5.59	to	2.85		2,932,624		2.02			1.05		to	2.50			14.47		to	12.85
	12/31/2022		702,229		4.88	to	2.53		3,191,358		1.49			1.05		to	2.50			(4.14	)	to	(5.49	)
	12/31/2021		721,598		5.09	to	2.67		3,461,996		1.23			1.05		to	2.50			25.98		to	24.20
	12/31/2020		820,265		4.04	to	2.15		3,129,277		1.71			1.05		to	2.50			4.70		to	3.22
Putnam VT Research Class IB Shares
	12/31/2024		42,219		7.08	to	25.47		225,177		0.38			1.05		to	2.50			24.96		to	23.18
	12/31/2023		42,404		5.67	to	20.67		181,804		0.79			1.05		to	2.50			27.52		to	25.73
	12/31/2022		42,615		4.44	to	16.44		143,907		0.56			1.05		to	2.50			(18.14	)	to	(19.30	)
	12/31/2021		42,810		5.43	to	20.38		177,387		0.10			1.05		to	2.50			22.85		to	21.11
	12/31/2020		42,955		4.42	to	16.82		145,533		0.57			1.05		to	2.50			18.67		to	16.99

103

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
Putnam VT Sustainable Leaders Class IB Shares
	12/31/2024		1,324		$8.02	to	$26.73	$	10,576		0.19	%		1.25	%	to	2.50	%		21.50	%	to	20.01	%
	12/31/2023		1,439		6.60	to	22.27		9,462		0.50			1.25		to	2.50			24.55		to	23.04
	12/31/2022		1,569		5.30	to	18.10		8,289		0.53			1.25		to	2.50			(23.86	)	to	(24.79	)
	12/31/2021		1,715		6.96	to	24.07		11,906		0.14			1.25		to	2.50			22.01		to	20.52
	12/31/2020		1,723		5.70	to	19.97		9,803		0.38			1.25		to	2.50			27.16		to	25.61
TA Aegon Bond Initial Class
	12/31/2024		3,812,005		1.61	to	0.87		5,756,135		4.08			1.05		to	2.95			1.07		to	(0.80	)
	12/31/2023		4,287,143		1.59	to	0.88		6,441,837		0.94			1.05		to	2.95			5.34		to	3.40
	12/31/2022		4,314,173		1.51	to	0.85		6,200,599		2.47			1.05		to	2.95			(15.72	)	to	(17.27	)
	12/31/2021		5,398,369		1.79	to	1.03		9,185,424		1.51			1.05		to	2.95			(1.90	)	to	(3.71	)
	12/31/2020		6,084,852		1.83	to	1.07		10,612,256		4.18			1.05		to	2.95			6.57		to	4.60
TA Aegon Bond Service Class
	12/31/2024		1,732,616		1.57	to	0.95		2,595,501		3.97			0.85		to	2.50			1.01		to	(0.62	)
	12/31/2023		1,853,610		1.56	to	0.95		2,742,477		0.63			0.85		to	2.50			5.29		to	3.60
	12/31/2022		2,417,219		1.48	to	0.92		3,364,908		2.12			0.85		to	2.50			(15.80	)	to	(17.15	)
	12/31/2021		3,358,048		1.76	to	1.11		5,631,572		1.22			0.85		to	2.50			(1.90	)	to	(3.48	)
	12/31/2020		3,271,091		1.79	to	1.15		5,560,669		4.28			0.85		to	2.50			6.50		to	4.79
TA Aegon Core Bond Initial Class
	12/31/2024		927,141		1.63	to	0.87		1,401,844		5.35			1.05		to	2.70			0.32		to	(1.30	)
	12/31/2023		950,443		1.63	to	0.88		1,438,383		2.73			1.05		to	2.70			4.94		to	3.26
	12/31/2022		1,029,106		1.55	to	0.86		1,489,501		2.91			1.05		to	2.70			(13.67	)	to	(15.06	)
	12/31/2021		1,095,687		1.80	to	1.01		1,850,509		2.83			1.05		to	2.70			(2.06	)	to	(3.63	)
	12/31/2020		1,175,191		1.84	to	1.05		2,048,897		3.73			1.05		to	2.70			6.35		to	4.64
TA Aegon High Yield Bond Initial Class
	12/31/2024		961,235		2.92	to	2.29		2,475,933		5.03			1.05		to	2.95			6.31		to	4.34
	12/31/2023		1,129,982		2.75	to	2.19		2,746,659		4.45			1.05		to	2.95			9.96		to	7.93
	12/31/2022		1,262,376		2.50	to	2.03		2,802,885		5.49			1.05		to	2.95			(12.04	)	to	(13.66	)
	12/31/2021		1,669,256		2.84	to	2.35		4,256,233		5.35			1.05		to	2.95			5.24		to	3.30
	12/31/2020		1,973,050		2.70	to	2.28		4,811,452		6.24			1.05		to	2.95			3.95		to	2.03
TA Aegon High Yield Bond Service Class
	12/31/2024		112,526		2.65	to	11.46		276,266		4.61			0.85		to	2.50			6.24		to	4.52
	12/31/2023		123,827		2.50	to	10.97		286,849		4.19			0.85		to	2.50			9.94		to	8.17
	12/31/2022		133,408		2.27	to	10.14		278,370		5.47			0.85		to	2.50			(12.20	)	to	(13.61	)
	12/31/2021		159,185		2.59	to	11.74		379,575		4.93			0.85		to	2.50			5.36		to	3.66
	12/31/2020		171,168		2.46	to	11.32		383,328		6.66			0.85		to	2.50			3.80		to	2.12
TA Aegon Sustainable Equity Income Initial Class
	12/31/2024		3,847,274		4.07	to	2.32		10,616,247		2.04			1.05		to	2.95			15.71		to	13.56
	12/31/2023		4,369,247		3.52	to	2.04		10,492,913		2.22			1.05		to	2.95			5.18		to	3.24
	12/31/2022		4,625,490		3.35	to	1.98		10,669,626		2.18			1.05		to	2.95			(12.54	)	to	(14.16	)
	12/31/2021		5,136,426		3.83	to	2.31		13,619,172		2.12			1.05		to	2.95			21.15		to	18.92
	12/31/2020		5,777,505		3.16	to	1.94		12,725,115		3.01			1.05		to	2.95			(8.32	)	to	(10.01	)
TA Aegon Sustainable Equity Income Service Class
	12/31/2024		596,952		3.24	to	2.16		1,724,191		1.83			0.85		to	2.50			15.61		to	13.74
	12/31/2023		656,965		2.80	to	1.90		1,633,820		1.91			0.85		to	2.50			5.11		to	3.43
	12/31/2022		765,730		2.66	to	1.84		1,782,332		1.81			0.85		to	2.50			(12.58	)	to	(13.99	)
	12/31/2021		907,393		3.05	to	2.13		2,412,027		2.01			0.85		to	2.50			21.09		to	19.14
	12/31/2020		1,150,006		2.51	to	1.79		2,460,092		2.80			0.85		to	2.50			(8.37	)	to	(9.84	)
TA Aegon U.S. Government Securities Initial Class
	12/31/2024		1,555,899		1.34	to	1.04		1,909,353		3.58			1.05		to	2.95			(0.72	)	to	(2.56	)
	12/31/2023		1,740,118		1.35	to	1.06		2,159,594		1.77			1.05		to	2.95			2.92		to	1.02
	12/31/2022		1,514,364		1.31	to	1.05		1,848,656		1.05			1.05		to	2.95			(13.93	)	to	(15.51	)
	12/31/2021		1,358,235		1.53	to	1.24		2,082,552		2.18			1.05		to	2.95			(3.41	)	to	(5.19	)
	12/31/2020		1,714,254		1.58	to	1.31		2,741,302		1.62			1.05		to	2.95			7.84		to	5.85

104

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
TA Aegon U.S. Government Securities Service Class
	12/31/2024		1,164,255		$1.34	to	$8.52	$	1,451,850		2.85	%		0.85	%	to	2.50	%		(0.69	) %	to	(2.30	) %
	12/31/2023		1,863,050		1.35	to	8.72		2,351,342		1.42			0.85		to	2.50			2.82		to	1.16
	12/31/2022		2,485,350		1.31	to	8.62		3,051,097		0.93			0.85		to	2.50			(14.03	)	to	(15.41	)
	12/31/2021		1,109,314		1.52	to	10.19		1,578,557		1.75			0.85		to	2.50			(3.36	)	to	(4.91	)
	12/31/2020		1,787,431		1.58	to	10.72		2,685,101		1.47			0.85		to	2.50			7.75		to	6.01
TA BlackRock Government Money Market Initial Class
	12/31/2024		7,137,083		1.09	to	0.74		6,247,344		4.93			1.05		to	2.95			3.94		to	2.01
	12/31/2023		7,474,865		1.05	to	0.73		6,442,315		4.75			1.05		to	2.95			3.77		to	1.86
	12/31/2022		10,064,734		1.01	to	0.71		8,620,370		1.45			1.05		to	2.95			0.35		to	(1.49	)
	12/31/2021		9,374,755		1.01	to	0.72		7,961,816		-			1.05		to	2.95			(1.03	)	to	(2.86	)
	12/31/2020		9,082,682		1.02	to	0.74		7,827,574		0.28			1.05		to	2.95			(0.75	)	to	(2.59	)
TA BlackRock Government Money Market Service Class
	12/31/2024		3,232,759		1.11	to	9.38		3,340,105		4.69			0.85		to	2.50			3.89		to	2.21
	12/31/2023		4,035,924		1.07	to	9.18		4,043,324		4.55			0.85		to	2.50			3.78		to	2.12
	12/31/2022		5,449,916		1.03	to	8.99		5,310,610		1.37			0.85		to	2.50			0.55		to	(1.06	)
	12/31/2021		6,492,021		1.02	to	9.08		6,326,418		0.01			0.85		to	2.50			(0.84	)	to	(2.44	)
	12/31/2020		3,357,936		1.03	to	9.31		3,331,441		0.22			0.85		to	2.50			(0.60	)	to	(2.20	)
TA BlackRock iShares Edge 40 Initial Class
	12/31/2024		561,906		2.30	to	11.21		1,101,980		2.68			1.05		to	2.95			5.59		to	3.63
	12/31/2023		621,844		2.18	to	10.82		1,161,426		2.29			1.05		to	2.95			8.31		to	6.32
	12/31/2022		654,575		2.01	to	10.18		1,138,581		1.80			1.05		to	2.95			(15.13	)	to	(16.70	)
	12/31/2021		791,754		2.37	to	12.22		1,644,342		1.82			1.05		to	2.95			4.99		to	3.05
	12/31/2020		953,292		2.26	to	11.86		1,887,696		2.42			1.05		to	2.95			8.51		to	6.51
TA BlackRock iShares Edge 40 Service Class
	12/31/2024		132,712		1.94	to	11.31		238,905		2.47			0.85		to	2.50			5.57		to	3.87
	12/31/2023		193,725		1.83	to	10.89		316,220		2.01			0.85		to	2.50			8.15		to	6.41
	12/31/2022		215,032		1.70	to	10.23		325,359		1.57			0.85		to	2.50			(15.16	)	to	(16.52	)
	12/31/2021		241,627		2.00	to	12.25		433,905		1.52			0.85		to	2.50			4.88		to	3.20
	12/31/2020		241,676		1.91	to	11.87		415,523		2.10			0.85		to	2.50			8.53		to	6.78
TA BlackRock Real Estate Securities Initial Class
	12/31/2024		91,534		3.29	to	2.03		262,137		2.15			1.05		to	2.95			0.20		to	(1.66	)
	12/31/2023		102,043		3.29	to	2.06		295,587		6.11			1.05		to	2.95			12.15		to	10.09
	12/31/2022		113,494		2.93	to	1.87		296,046		3.27			1.05		to	2.95			(28.94	)	to	(30.25	)
	12/31/2021		128,339		4.12	to	2.68		475,080		2.65			1.05		to	2.95			24.91		to	22.61
	12/31/2020		200,925		3.30	to	2.19		589,117		12.01			1.05		to	2.95			(1.35	)	to	(3.17	)
TA BlackRock Real Estate Securities Service Class
	12/31/2024		80,745		2.65	to	10.62		191,110		1.79			0.85		to	2.50			0.17		to	(1.45	)
	12/31/2023		86,166		2.64	to	10.77		201,507		5.31			0.85		to	2.50			12.20		to	10.39
	12/31/2022		85,002		2.35	to	9.76		176,679		2.83			0.85		to	2.50			(28.99	)	to	(30.13	)
	12/31/2021		97,831		3.31	to	13.97		287,677		2.00			0.85		to	2.50			24.79		to	22.78
	12/31/2020		140,859		2.66	to	11.38		312,815		12.59			0.85		to	2.50			(1.35	)	to	(2.94	)
TA International Focus Initial Class
	12/31/2024		409,455		1.78	to	1.59		709,309		2.21			1.70		to	2.95			(2.72	)	to	(3.90	)
	12/31/2023		506,589		1.83	to	1.66		902,202		2.00			1.70		to	2.95			10.66		to	9.32
	12/31/2022		540,347		1.66	to	1.52		871,418		2.90			1.70		to	2.95			(21.38	)	to	(22.33	)
	12/31/2021		745,830		2.11	to	1.95		1,536,548		1.27			1.70		to	2.95			8.97		to	7.64
	12/31/2020		1,010,622		1.93	to	1.81		1,913,879		2.24			1.70		to	2.95			18.88		to	17.43
TA International Focus Service Class
	12/31/2024		274,929		2.54	to	12.87		693,971		2.11			0.85		to	2.50			(2.16	)	to	(3.75	)
	12/31/2023		290,921		2.59	to	13.37		747,702		1.78			0.85		to	2.50			11.33		to	9.54
	12/31/2022		291,603		2.33	to	12.21		673,246		2.76			0.85		to	2.50			(20.97	)	to	(22.24	)
	12/31/2021		305,363		2.95	to	15.70		889,230		1.09			0.85		to	2.50			9.70		to	7.93
	12/31/2020		363,699		2.69	to	14.55		919,107		2.09			0.85		to	2.50			19.57		to	17.64

105

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
TA Janus Mid-Cap Growth Initial Class
	12/31/2024		1,747,817		$6.15	to	$2.63	$	8,837,727		0.13	%		1.05	%	to	2.95	%		13.19	%	to	11.09	%
	12/31/2023		1,864,187		5.44	to	2.37		8,334,812		-			1.05		to	2.95			15.83		to	13.70
	12/31/2022		1,988,259		4.69	to	2.08		7,705,913		-			1.05		to	2.95			(17.58	)	to	(19.10	)
	12/31/2021		2,204,248		5.70	to	2.57		10,372,495		0.27			1.05		to	2.95			16.08		to	13.94
	12/31/2020		2,512,947		4.91	to	2.26		10,177,125		0.23			1.05		to	2.95			17.96		to	15.79
TA Janus Mid-Cap Growth Service Class
	12/31/2024		108,145		5.16	to	21.47		492,282		-			0.85		to	2.50			13.10		to	11.27
	12/31/2023		114,776		4.56	to	19.30		464,567		-			0.85		to	2.50			15.82		to	13.96
	12/31/2022		180,006		3.94	to	16.93		651,869		-			0.85		to	2.50			(17.63	)	to	(18.96	)
	12/31/2021		184,789		4.78	to	20.90		815,131		0.10			0.85		to	2.50			16.00		to	14.14
	12/31/2020		192,563		4.12	to	18.31		735,410		0.03			0.85		to	2.50			17.93		to	16.03
TA JPMorgan Asset Allocation - Conservative Initial Class
	12/31/2024		4,453,688		2.38	to	1.58		8,778,614		2.02			1.05		to	2.95			4.62		to	2.67
	12/31/2023		5,105,337		2.28	to	1.54		9,660,945		2.28			1.05		to	2.95			5.94		to	3.99
	12/31/2022		5,429,479		2.15	to	1.48		9,643,448		5.51			1.05		to	2.95			(16.23	)	to	(17.78	)
	12/31/2021		5,864,348		2.56	to	1.80		12,486,252		2.46			1.05		to	2.95			4.80		to	2.87
	12/31/2020		6,807,696		2.45	to	1.75		13,847,391		2.54			1.05		to	2.95			10.31		to	8.28
TA JPMorgan Asset Allocation - Conservative Service Class
	12/31/2024		6,422,502		2.01	to	1.19		12,243,709		1.76			0.85		to	2.50			4.62		to	2.93
	12/31/2023		7,631,531		1.92	to	1.15		13,949,410		1.93			0.85		to	2.50			5.93		to	4.23
	12/31/2022		9,832,610		1.81	to	1.11		16,882,236		5.29			0.85		to	2.50			(16.32	)	to	(17.66	)
	12/31/2021		11,621,815		2.16	to	1.34		23,899,316		2.16			0.85		to	2.50			4.74		to	3.05
	12/31/2020		13,272,314		2.06	to	1.30		26,165,763		2.28			0.85		to	2.50			10.31		to	8.53
TA JPMorgan Asset Allocation - Growth Initial Class
	12/31/2024		2,216,334		4.76	to	2.08		7,803,093		1.34			1.05		to	2.95			15.16		to	13.02
	12/31/2023		2,377,051		4.13	to	1.84		7,334,962		1.69			1.05		to	2.95			19.09		to	16.90
	12/31/2022		2,782,552		3.47	to	1.58		7,325,453		6.03			1.05		to	2.95			(23.37	)	to	(24.78	)
	12/31/2021		3,416,858		4.53	to	2.10		12,101,852		1.66			1.05		to	2.95			18.40		to	16.21
	12/31/2020		4,036,798		3.82	to	1.80		12,013,012		1.70			1.05		to	2.95			23.44		to	21.17
TA JPMorgan Asset Allocation - Growth Service Class
	12/31/2024		2,439,061		3.71	to	2.39		8,606,039		1.13			0.85		to	2.50			15.11		to	13.25
	12/31/2023		2,649,762		3.22	to	2.11		8,125,097		1.44			0.85		to	2.50			19.00		to	17.09
	12/31/2022		2,999,145		2.71	to	1.80		7,826,570		5.64			0.85		to	2.50			(23.39	)	to	(24.62	)
	12/31/2021		3,369,736		3.53	to	2.39		11,636,639		1.52			0.85		to	2.50			18.34		to	16.44
	12/31/2020		3,749,342		2.99	to	2.05		11,212,097		1.46			0.85		to	2.50			23.31		to	21.33
TA JPMorgan Asset Allocation - Moderate Initial Class
	12/31/2024		6,752,615		2.93	to	1.93		15,660,612		1.57			1.05		to	2.95			6.89		to	4.91
	12/31/2023		7,603,630		2.75	to	1.84		16,594,046		2.08			1.05		to	2.95			7.97		to	5.99
	12/31/2022		8,422,527		2.54	to	1.73		17,163,301		5.23			1.05		to	2.95			(16.95	)	to	(18.48	)
	12/31/2021		9,844,167		3.06	to	2.12		24,327,651		1.85			1.05		to	2.95			8.05		to	6.05
	12/31/2020		11,836,483		2.83	to	2.00		27,296,763		2.20			1.05		to	2.95			11.43		to	9.38
TA JPMorgan Asset Allocation - Moderate Service Class
	12/31/2024		14,729,337		2.42	to	1.80		34,291,488		1.36			0.85		to	2.50			6.78		to	5.06
	12/31/2023		16,394,992		2.27	to	1.72		36,159,275		1.83			0.85		to	2.50			7.94		to	6.21
	12/31/2022		19,380,636		2.10	to	1.62		39,737,043		5.03			0.85		to	2.50			(16.96	)	to	(18.29	)
	12/31/2021		22,462,423		2.53	to	1.98		55,668,430		1.67			0.85		to	2.50			8.01		to	6.28
	12/31/2020		25,442,403		2.34	to	1.86		58,757,689		1.96			0.85		to	2.50			11.33		to	9.54
TA JPMorgan Asset Allocation - Moderate Growth Initial Class
	12/31/2024		9,317,060		3.61	to	1.59		26,022,435		1.22			1.05		to	2.95			9.89		to	7.85
	12/31/2023		10,102,270		3.28	to	1.47		25,888,100		1.96			1.05		to	2.95			11.05		to	9.01
	12/31/2022		11,063,497		2.96	to	1.35		25,695,784		5.27			1.05		to	2.95			(18.21	)	to	(19.72	)
	12/31/2021		12,277,126		3.61	to	1.68		34,803,614		2.19			1.05		to	2.95			12.76		to	10.68
	12/31/2020		13,791,218		3.20	to	1.52		34,859,225		2.06			1.05		to	2.95			13.87		to	11.77

106

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
TA JPMorgan Asset Allocation - Moderate Growth Service Class
	12/31/2024		29,328,596		$2.91	to	$2.29	$	78,327,012		0.97	%		0.85	%	to	2.50	%		9.76	%	to	7.99	%
	12/31/2023		33,721,222		2.65	to	2.12		82,272,943		1.71			0.85		to	2.50			10.99		to	9.21
	12/31/2022		39,911,176		2.39	to	1.94		87,877,402		5.06			0.85		to	2.50			(18.22	)	to	(19.54	)
	12/31/2021		45,559,961		2.92	to	2.41		122,884,732		1.93			0.85		to	2.50			12.75		to	10.93
	12/31/2020		53,258,158		2.59	to	2.17		128,439,957		1.78			0.85		to	2.50			13.70		to	11.87
TA JPMorgan Enhanced Index Initial Class
	12/31/2024		2,637,107		4.11	to	4.94		10,532,039		0.65			1.15		to	2.95			22.82		to	20.66
	12/31/2023		1,083,837		3.35	to	4.09		3,456,144		0.79			1.15		to	2.95			26.22		to	24.02
	12/31/2022		1,301,177		2.65	to	3.30		3,312,836		0.64			1.15		to	2.95			(19.28	)	to	(20.69	)
	12/31/2021		1,629,490		3.28	to	4.16		5,171,395		0.79			1.15		to	2.95			28.64		to	26.39
	12/31/2020		2,180,487		2.55	to	3.29		5,398,234		1.49			1.15		to	2.95			18.80		to	16.72
TA JPMorgan Enhanced Index Service Class
	12/31/2024		154,959		6.10	to	24.00		914,893		0.44			0.85		to	2.50			22.85		to	20.86
	12/31/2023		192,663		4.97	to	19.85		925,230		0.63			0.85		to	2.50			26.32		to	24.29
	12/31/2022		147,854		3.93	to	15.97		569,242		0.40			0.85		to	2.50			(19.23	)	to	(20.53	)
	12/31/2021		164,878		4.87	to	20.10		786,561		0.57			0.85		to	2.50			28.69		to	26.62
	12/31/2020		188,297		3.78	to	15.87		693,407		1.17			0.85		to	2.50			18.85		to	16.94
TA JPMorgan International Moderate Growth Initial Class
	12/31/2024		170,294		1.46	to	11.91		231,730		2.49			1.05		to	2.65			0.97		to	(0.62	)
	12/31/2023		237,093		1.45	to	11.99		325,972		1.63			1.05		to	2.65			8.03		to	6.35
	12/31/2022		245,476		1.34	to	11.27		313,179		5.30			1.05		to	2.65			(18.14	)	to	(19.41	)
	12/31/2021		234,770		1.64	to	13.99		367,266		1.52			1.05		to	2.65			8.12		to	6.43
	12/31/2020		240,972		1.51	to	13.14		349,572		2.75			1.05		to	2.65			13.70		to	11.93
TA JPMorgan International Moderate Growth Service Class
	12/31/2024		3,566,235		1.45	to	1.22		4,973,892		2.13			0.85		to	2.50			1.03		to	(0.61	)
	12/31/2023		4,073,864		1.43	to	1.23		5,635,339		1.32			0.85		to	2.50			7.79		to	6.05
	12/31/2022		4,767,937		1.33	to	1.16		6,130,222		4.71			0.85		to	2.50			(18.12	)	to	(19.43	)
	12/31/2021		5,567,250		1.62	to	1.44		8,726,526		1.28			0.85		to	2.50			8.09		to	6.35
	12/31/2020		6,110,708		1.50	to	1.35		8,884,904		2.44			0.85		to	2.50			13.58		to	11.75
TA JPMorgan Tactical Allocation Initial Class
	12/31/2024		265,951		1.98	to	1.13		487,551		2.81			1.05		to	2.50			3.18		to	1.71
	12/31/2023		287,497		1.92	to	1.12		512,676		1.93			1.05		to	2.50			7.77		to	6.25
	12/31/2022		317,535		1.78	to	1.05		527,290		1.95			1.05		to	2.50			(15.69	)	to	(16.88	)
	12/31/2021		358,972		2.11	to	1.26		709,200		1.73			1.05		to	2.50			3.82		to	2.35
	12/31/2020		469,672		2.03	to	1.23		903,590		2.36			1.05		to	2.50			11.20		to	9.62
TA JPMorgan Tactical Allocation Service Class
	12/31/2024		255,501		1.88	to	1.20		413,714		2.41			1.05		to	2.50			2.99		to	1.53
	12/31/2023		336,997		1.82	to	1.18		536,404		1.56			1.05		to	2.50			7.44		to	5.92
	12/31/2022		406,923		1.70	to	1.12		604,675		1.53			1.05		to	2.50			(15.91	)	to	(17.10	)
	12/31/2021		488,264		2.02	to	1.35		859,624		1.53			1.05		to	2.50			3.55		to	2.08
	12/31/2020		513,108		1.95	to	1.32		873,276		1.98			1.05		to	2.50			10.94		to	9.37
TA Multi-Managed Balanced Initial Class
	12/31/2024		686,111		4.80	to	3.02		2,708,365		1.92			1.05		to	2.95			13.74		to	11.63
	12/31/2023		786,479		4.22	to	2.70		2,751,817		1.56			1.05		to	2.95			17.50		to	15.34
	12/31/2022		888,148		3.59	to	2.34		2,663,699		1.15			1.05		to	2.95			(17.15	)	to	(18.68	)
	12/31/2021		1,036,161		4.34	to	2.88		3,773,835		1.18			1.05		to	2.95			15.82		to	13.69
	12/31/2020		1,272,636		3.74	to	2.53		4,018,870		1.57			1.05		to	2.95			14.69		to	12.58
TA Multi-Managed Balanced Service Class
	12/31/2024		4,715,262		4.33	to	16.61		16,791,789		1.68			0.85		to	2.50			13.67		to	11.83
	12/31/2023		5,782,028		3.81	to	14.85		18,552,729		1.34			0.85		to	2.50			17.44		to	15.56
	12/31/2022		6,203,346		3.24	to	12.85		17,073,179		0.90			0.85		to	2.50			(17.19	)	to	(18.52	)
	12/31/2021		7,514,542		3.92	to	15.78		24,977,434		0.95			0.85		to	2.50			15.81		to	13.94
	12/31/2020		8,352,287		3.38	to	13.85		23,985,334		1.40			0.85		to	2.50			14.63		to	12.78

107

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio** Lowest to Highest						Total Return*** Corresponding to Lowest to Highest Expense Ratio
TA Small/Mid Cap Value Initial Class
	12/31/2024		327,718		$2.54	to	$14.95	$	3,310,485		0.94	%		1.05	%	to	2.95	%		7.72	%	to	5.72	%
	12/31/2023		371,799		2.36	to	14.15		3,478,477		1.05			1.05		to	2.95			11.23		to	9.19
	12/31/2022		384,091		2.12	to	12.96		3,323,511		0.60			1.05		to	2.95			(9.26	)	to	(10.93	)
	12/31/2021		410,597		2.34	to	14.55		3,921,327		0.65			1.05		to	2.95			26.79		to	24.46
	12/31/2020		486,711		1.84	to	11.69		3,610,841		1.18			1.05		to	2.95			2.96		to	1.06
TA T. Rowe Price Small Cap Initial Class
	12/31/2024		390,677		8.03	to	4.46		1,773,470		-			1.05		to	2.95			11.60		to	9.53
	12/31/2023		512,843		7.20	to	4.07		2,158,825		-			1.05		to	2.95			19.94		to	17.74
	12/31/2022		639,702		6.00	to	3.46		2,201,377		-			1.05		to	2.95			(23.19	)	to	(24.61	)
	12/31/2021		721,502		7.81	to	4.58		3,207,903		-			1.05		to	2.95			10.22		to	8.18
	12/31/2020		850,637		7.09	to	4.24		3,407,378		-			1.05		to	2.95			22.28		to	20.02
TA T. Rowe Price Small Cap Service Class
	12/31/2024		139,391		5.79	to	17.51		740,078		-			0.85		to	2.50			11.66		to	9.85
	12/31/2023		146,785		5.19	to	15.94		701,569		-			0.85		to	2.50			19.86		to	17.94
	12/31/2022		141,468		4.33	to	13.52		559,280		-			0.85		to	2.50			(23.25	)	to	(24.48	)
	12/31/2021		107,306		5.64	to	17.90		535,984		-			0.85		to	2.50			10.15		to	8.37
	12/31/2020		161,547		5.12	to	16.52		758,505		-			0.85		to	2.50			22.26		to	20.30
TA TSW International Equity Initial Class
	12/31/2024		447,908		1.43	to	1.77		643,756		2.78			1.70		to	2.95			1.65		to	0.41
	12/31/2023		542,519		1.41	to	1.76		764,305		1.12			1.70		to	2.95			13.55		to	12.18
	12/31/2022		561,963		1.24	to	1.57		687,436		3.49			1.70		to	2.95			(15.83	)	to	(16.85	)
	12/31/2021		629,700		1.47	to	1.89		919,239		1.89			1.70		to	2.95			11.52		to	10.16
	12/31/2020		887,069		1.32	to	1.71		1,158,598		3.16			1.70		to	2.95			4.76		to	3.49
TA TSW International Equity Service Class
	12/31/2024		191,072		2.34	to	12.34		396,530		2.65			0.85		to	2.50			2.24		to	0.59
	12/31/2023		236,034		2.28	to	12.26		480,592		0.79			0.85		to	2.50			14.29		to	12.46
	12/31/2022		224,308		2.00	to	10.91		400,652		3.07			0.85		to	2.50			(15.35	)	to	(16.71	)
	12/31/2021		247,965		2.36	to	13.09		527,518		1.74			0.85		to	2.50			12.25		to	10.44
	12/31/2020		305,370		2.10	to	11.86		558,757		2.97			0.85		to	2.50			5.31		to	3.61
TA TSW Mid Cap Value Opportunities Initial Class
	12/31/2024		295,064		6.06	to	2.52		1,237,469		1.39			1.05		to	2.70			7.35		to	5.61
	12/31/2023		349,968		5.64	to	2.39		1,385,747		1.49			1.05		to	2.70			9.66		to	7.90
	12/31/2022		378,303		5.14	to	2.21		1,369,744		0.83			1.05		to	2.70			(9.18	)	to	(10.64	)
	12/31/2021		407,202		5.66	to	2.48		1,633,164		0.77			1.05		to	2.70			27.85		to	25.80
	12/31/2020		438,834		4.43	to	1.97		1,382,563		1.26			1.05		to	2.70			0.30		to	(1.32	)
TA WMC US Growth Initial Class
	12/31/2024		11,647,779		9.12	to	4.05		48,115,421		0.01			1.05		to	2.95			27.65		to	25.28
	12/31/2023		12,926,340		7.15	to	3.23		41,990,922		0.04			1.05		to	2.95			40.61		to	38.03
	12/31/2022		10,962,324		5.08	to	2.34		25,945,070		-			1.05		to	2.95			(32.06	)	to	(33.31	)
	12/31/2021		12,073,568		7.48	to	3.51		41,899,264		0.08			1.05		to	2.95			19.41		to	17.21
	12/31/2020		13,405,769		6.26	to	2.99		38,970,387		0.11			1.05		to	2.95			35.87		to	33.37
TA WMC US Growth Service Class
	12/31/2024		891,529		7.21	to	29.89		6,119,411		-			0.85		to	2.50			27.60		to	25.54
	12/31/2023		1,101,171		5.65	to	23.81		5,968,391		-			0.85		to	2.50			40.53		to	38.28
	12/31/2022		1,084,682		4.02	to	17.22		4,228,617		-			0.85		to	2.50			(32.09	)	to	(33.18	)
	12/31/2021		1,149,548		5.92	to	25.77		6,666,775		-			0.85		to	2.50			19.36		to	17.44
	12/31/2020		1,504,829		4.96	to	21.94		7,069,232		-			0.85		to	2.50			35.78		to	33.60
Wanger Acorn
	12/31/2024		236,258		6.08	to	15.59		1,019,379		-			1.05		to	2.50			12.99		to	11.38
	12/31/2023		261,132		5.38	to	13.99		996,623		-			1.05		to	2.50			20.47		to	18.78
	12/31/2022		344,887		4.47	to	11.78		1,090,331		-			1.05		to	2.50			(34.15	)	to	(35.09	)
	12/31/2021		364,302		6.78	to	18.15		1,753,789		0.70			1.05		to	2.50			7.77		to	6.24
	12/31/2020		431,564		6.29	to	17.08		1,931,056		-			1.05		to	2.50			22.94		to	21.20

108

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

5. Financial Highlights (continued)

(1)	See Footnote 1
*	These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, 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 subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest.
**	These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded.
***	These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return.

109

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

6. Administrative and Mortality and Expense Risk Charges

TLIC deducts a daily administrative charge equal to an annual rate of .15% to .40% of the daily net assets value of each subaccount for administrative expenses. TLIC may also deduct an annual charge during the accumulation phase, not to exceed $30, proportionately from the subaccounts’ unit values. An annual charge ranging from .70% to 3.70% is deducted (based on the death benefit selected) from the unit values of the subaccounts of the Separate Account for TLIC’s assumption of certain mortality and expense risks incurred in connection with the contract. The charge is assessed daily based on the net asset value of the Mutual Fund. Charges for administrative and mortality and expense risk are an expense of the subaccount. Charges reflected above are those currently assessed and may be subject to change. Contract owners should see their actual policy and any related attachments to determine their specific charges.

7. Income Tax

Operations of the Separate Account form a part of TLIC, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code of 1986, as amended (the Code). The operations of the Separate Account are accounted for separately from other operations of TLIC for purposes of federal income taxation. The Separate Account is not separately taxable as a regulated investment company under Subchapter M of the Code and is not otherwise taxable as an entity separate from TLIC. Under existing federal income tax laws, the income of the Separate Account is not taxable to TLIC, as long as earnings are credited under the variable annuity contracts.

110

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

8. Subsequent Events

The Separate Account has evaluated the financial statements for subsequent events through the date which the financial statements were issued. During this period, there were no subsequent events requiring recognition in the financial statements.

9. Related Parties

Transamerica Capital, Inc. (TCI), a wholesaling broker-dealer, is an affiliated entity of TLIC and an indirect wholly owned subsidiary of Aegon Ltd. TCI distributes TLIC’s products through broker-dealers and other financial intermediaries.

The subaccounts invest in the mutual funds listed in Footnote 1. These investments include funds managed by Transamerica Asset Management, Inc. (TAM). Transamerica Fund Services, Inc. (TFS) serves as a transfer agent to TAM, and Aegon USA Asset Management Holding, LLC (AAM) serves as a sub-advisor for certain funds managed by TAM. TAM, TFS and AAM are affiliated entities of TLIC and indirect wholly owned subsidiaries of Aegon Ltd. Funds managed by TAM are identified by their fund name, which includes reference to Aegon, Transamerica or both. The Separate Account pays management fees to the related funds as detailed in the fund prospectus.

No charges other than those disclosed in Footnote 6 are deducted for the service rendered by related parties.

Contract owners may transfer funds between available subaccount options within the Separate Account. These transfers are performed at unit value at the time of the transfer.

111

Transamerica Life Insurance Company

Retirement Builder Variable Annuity Account

Notes to Financial Statements

December 31, 2024

10. Segment Reporting

Each fund of the Separate Account constitutes a single operating segment and therefore, a single reportable segment because the Chief Operating Decision Maker (CODM) manages the activities of the Separate Account using information of each fund. The Separate Account is engaged in a single line of business as a registered unit investment trust. The Separate Account is a funding vehicle for individual variable annuity contracts with the assets owned by TLIC to support the liabilities of the applicable insurance contracts. The subaccounts have identified the President and Chief Operating Officer as the CODM as the Separate Account does not have employees and is not a separate legal entity.

The CODM uses increase (decrease) in net assets from operations as their performance measure in order to make operational decisions while monitoring the net assets of each of the funds within the Separate Account. The Accounting policies used to measure profit and loss of the segments are the same as those described in the Summary of Significant Accounting Policies (see note 2). The measure of segment assets is reported on the balance sheet as total consolidated assets. Refer to the Statements of Operations and Changes in Net Assets for each fund’s operating segment and related footnotes for significant expenses principle and the existing segment requirements as of December 31, 2024 and for the year ended December 31, 2024 and December 31, 2023.

112