COLI
VUL-2 Series Account of
Empower Annuity Insurance
Company of America
Financial Statements December 31, 2022
Index
COLI VUL-2 Series Account of
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
Page(s) | |
Report of Independent Registered Public Accounting Firm | 1 |
Statement of Assets and Liabilities as of December 31, 2022 | 13 |
Statement of Operations for the year ended December 31, 2022 | 32 |
Statements of Changes in Net Assets for each of the years or periods in the two-year period ended December 31, 2022 | 51 |
Notes to Financial Statements | 89 |
Report of Independent Registered Public Accounting Firm
To the Policy Owners of COLI VUL-2 Series Account and Those Charged with Governance of COLI VUL-2 Series Account of Empower Annuity Insurance Company of America:
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of the subaccounts listed in Appendix A that comprise COLI VUL-2 Series Account (the Separate Account) as of December 31, 2022, the related statements of operations for the year then ended, the statements of changes in net assets for each of the years or periods in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights for each of the years or periods in the two-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Separate Account as of December 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the years or periods in the two-year period then ended, and the financial highlights for each of the years or periods in the two-year period then ended, in conformity with U.S. generally accepted accounting principles. The financial highlights for each of the years in the three-year period ended December 31, 2020 were audited by other independent registered public accountants whose report, dated May 10, 2021, expressed an unqualified opinion on those financial highlights.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Separate Account’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2022, by correspondence with the underlying mutual funds or their transfer agents; when replies were not received, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.
/s/ KPMG LLP
We have served as the auditor of one or more Empower Annuity Insurance Company of America Separate Accounts since 2021.
Birmingham, Alabama
April 13, 2023
1
Appendix A
The investment divisions that comprise COLI VUL-2 Series Account were audited according to varying periods as defined in the table below:
Investment Division | Statements
of Assets and Liabilities |
Statements of Operations | Statements
of Changes in Net Assets |
Alger Small Cap Growth Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
American Century Investments VP Capital Appreciation Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
American Century Investments VP Inflation Protection Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
American Century Investments VP International Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
American Century Investments VP Mid Cap Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
American Century Investments VP Ultra Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from February 11, 2021 (commencement of operations) to December 31, 2022 |
American Century Investments VP Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
American Fund Is Growth and Income Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
American Funds IS Global Small Capitalization Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
American Funds IS Growth Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
American Funds IS International Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
2
American Funds IS New World Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Blackrock 60/40 Target Allocation ETF VI Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from August 26,2021 (commencement of operations) to December 31, 2022 |
Blackrock Global Allocation VI Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Blackrock High Yield VI Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
BNY Mellon Stock Index Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Clearbridge Variable Mid Cap Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Clearbridge Variable Small Cap Growth Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Columbia Variable Portfolio - Small Cap Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Davis Financial Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Davis Value Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Delaware VIP International Series | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Delaware VIP Small Cap Value Series | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
DFA VIT Inflation-Protected Securities | As of December 31, 2022 | For the period from April 21, 2022 (commencement of operations) to December 31, 2022 | For the period from April 21, 2022 (commencement of operations) to December 31, 2022 |
3
DWS Core Equity VIP | As of December 31, 2022 | For the year then ended December 31, 2022 | For the period from August 26, 2021 (commencement of operations) to December 31, 2022 |
DWS Croci® U.S. VIP | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
DWS High Income VIP | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
DWS Small CAP Index VIP | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
DWS Small Mid Cap Value VIP | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Eaton Vance Vt Floating-Rate Income Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Aggressive Profile Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Ariel Mid Cap Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Bond Index Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Conservative Profile Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Core Bond Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Emerging Markets Equity Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Global Bond Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
4
Empower Government Money Market Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Inflation-Protected Securities Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower International Index Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower International Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Large Cap Growth Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Large Cap Value Fund Investor II Class Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Lifetime 2015 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Lifetime 2020 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Lifetime 2025 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Lifetime 2030 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Lifetime 2035 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Lifetime 2040 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Lifetime 2045 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
5
Empower Lifetime 2050 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Lifetime 2055 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Lifetime 2060 Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from August 26, 2021 (commencement of operations) to December 31, 2022 |
Empower Mid Cap Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Moderate Profile Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Moderately Aggressive Profile Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Moderately Conservative Profile Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Multi-Sector Bond Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Real Estate Index Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower S&P Mid Cap 400® Index Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower S&P Small Cap 600® Index Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Short Duration Bond Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower Small Cap Growth Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from August 26, 2021 (commencement of operations) to December 31, 2022 |
6
Empower Small Cap Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower T. Rowe Price Mid Cap Growth Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Empower U.S. Government Securities Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Federated Hermes High Income Bond Fund II | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from February 11, 2021 (commencement of operations) to December 31, 2022 |
Federated Hermes Kaufmann Fund II | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Fidelity VIP Contrafund Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Fidelity VIP Emerging Markets Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Fidelity VIP Growth Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Fidelity VIP Index 500 Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from December 6, 2021 (commencement of operations) to December 31, 2022 |
Fidelity VIP Investment Grade Bond Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Fidelity VIP Mid Cap Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Goldman Sachs VIT Mid Cap Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
7
Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Invesco Oppenheimer V.I. Main Street Small Cap Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Invesco V.I. Core Equity Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Invesco V.I. Global Real Estate Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Invesco V.I. Health Care Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Invesco V.I. International Growth Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Invesco V.I. Technology Fund | Not applicable | Not applicable | For the period from January 1, 2021 to March 31, 2021 (cessation of operations) |
Invesco V.I. Mid Cap Core Equity Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Janus Henderson VIT Balanced Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Janus Henderson VIT Enterprise Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Janus Henderson VIT Flexible Bond Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Janus Henderson VIT Forty Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Janus Henderson VIT Global Research Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
8
Janus Henderson VIT Global Technology and Innovation Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Janus Henderson VIT Overseas Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
JP Morgan Insurance Trust Small Cap Core Portfolio | As of December 31, 2022 | For the period from January 3, 2022 (commencement of operations) to December 31, 2022 | For the period from January 3, 2022 (commencement of operations) to December 31, 2022 |
JP Morgan Insurance Trust Us Equity Portfolio | As of December 31, 2022 | For the period from January 3, 2022 (commencement of operations) to December 31, 2022 | For the period from January 3, 2022 (commencement of operations) to December 31, 2022 |
Lord Abbett Series Developing Growth Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Lord Abbett Series Total Return Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
MFS VIT Growth Series | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
MFS VIT II International Growth Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
MFS VIT III Blended Research Small Cap Equity Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
MFS VIT III Global Real Estate Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
MFS VIT III Mid Cap Value Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
MFS VIT Mid Cap Growth Series | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
9
MFS VIT Research Series | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
MFS VIT Total Return Bond Series | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
MFS VIT Value Series | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Neuberger Berman AMT Mid Cap Growth Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Neuberger Berman AMT Sustainable Equity Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
PIMCO VIT Commodity Real Return Strategy Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from May 28, 2021 (commencement of operations) to December 31, 2022 |
PIMCO VIT Global Bond Opportunities Portfolio (Unhedged) | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
PIMCO VIT High Yield Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
PIMCO VIT Low Duration Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
PIMCO VIT Real Return Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
PIMCO VIT Total Return Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Pioneer Real Estate Shares VCT Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
10
Putnam VT Equity Income Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Putnam VT Global Asset Allocation Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Putnam VT Global Equity Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Putnam VT Growth Opportunities Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Putnam VT High Yield Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Putnam VT Income Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Putnam VT International Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Putnam VT Research Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from February 11, 2021 (commencement of operations) to December 31, 2022 |
Putnam VT Small Cap Value Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Putnam VT Sustainable Future Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Royce Capital Fund - Small-Cap Portfolio | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
T. Rowe Price Blue Chip Growth Portfolio Class II | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Van Eck VIP Emerging Markets Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
11
Van Eck VIP Global Hard Assets Fund | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
Vanguard VIF Global Bond Index | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from December 6, 2021 (commencement of operations) to December 31, 2022 |
Vanguard VIF Total Bond Market Index | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the periods in the period from December 6, 2021 (commencement of operations) to December 31, 2022 |
Victory RS Small Cap Growth Equity VIP | As of December 31, 2022 | For the year then ended December 31, 2022 | For each of the years in the two-year period then ended December 31, 2022 |
12
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Alger Small Cap Growth Portfolio | American Century Investments VP Capital Appreciation Fund | American Century Investments VP Inflation Protection Fund | American Century Investments VP International Fund | American Century Investments VP Mid Cap Value Fund | American Century Investments VP Ultra Fund | American Century Investments VP Value Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 389,563 | $ | 422,378 | $ | 3,548,030 | $ | 43,337 | $ | 1,526,224 | $ | 167,122 | $ | 937,414 | ||||||||||||||
Due from the Policies | - | - | - | - | 140 | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 389,563 | 422,378 | 3,548,030 | 43,337 | 1,526,364 | 167,122 | 937,414 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | - | - | - | 140 | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | - | - | - | 140 | - | - | |||||||||||||||||||||
NET ASSETS | $ | 389,563 | $ | 422,378 | $ | 3,548,030 | $ | 43,337 | $ | 1,526,224 | $ | 167,122 | $ | 937,414 | ||||||||||||||
Fair value per share (NAV) | $ | 14.19 | $ | 11.80 | $ | 9.37 | $ | 9.53 | $ | 21.15 | $ | 19.34 | $ | 12.45 | ||||||||||||||
Shares outstanding in the Separate Account | 27,453 | 35,795 | 378,659 | 4,547 | 72,162 | 8,641 | 75,294 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 707,417 | $ | 521,412 | $ | 3,951,704 | $ | 38,852 | $ | 1,696,105 | $ | 260,251 | $ | 916,639 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
13
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
American Fund IS Growth and Income Fund | American Funds IS Global Small Capitalization Fund | American Funds IS Growth Fund | American Funds IS International Fund | American Funds IS New World Fund | Blackrock 60/40 Target Allocation ETF VI Fund | Blackrock Global Allocation VI Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 290 | $ | 56,372 | $ | 2,896,145 | $ | 1,547,581 | $ | 1,373,871 | $ | 20 | $ | 2,503,155 | ||||||||||||||
Due from the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | 10 | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 290 | 56,372 | 2,896,145 | 1,547,581 | 1,373,881 | 20 | 2,503,155 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | 10 | - | - | |||||||||||||||||||||
Due to the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | - | - | - | 10 | - | - | |||||||||||||||||||||
NET ASSETS | $ | 290 | $ | 56,372 | $ | 2,896,145 | $ | 1,547,581 | $ | 1,373,871 | $ | 20 | $ | 2,503,155 | ||||||||||||||
Fair value per share (NAV) | $ | 49.42 | $ | 15.30 | $ | 75.40 | $ | 15.23 | $ | 22.02 | $ | 11.57 | $ | 14.77 | ||||||||||||||
Shares outstanding in the Separate Account | 6 | 3,684 | 38,410 | 101,614 | 62,392 | 2 | 169,476 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 300 | $ | 100,376 | $ | 3,439,477 | $ | 2,250,196 | $ | 1,735,622 | $ | 23 | $ | 3,216,883 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
14
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Blackrock High Yield VI Fund | BNY Mellon Stock Index Portfolio | Clearbridge Variable Mid Cap Portfolio | Clearbridge Variable Small Cap Growth Portfolio | Columbia Variable Portfolio - Small Cap Value Fund | Davis Financial Portfolio | Davis Value Portfolio | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 689,159 | $ | 24,574,953 | $ | 112,207 | $ | 408,515 | $ | 116,359 | $ | 321,428 | $ | 127,135 | ||||||||||||||
Due from the Policies | - | 3,494 | - | 2,288 | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | 3,709 | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 692,868 | 24,578,447 | 112,207 | 410,803 | 116,359 | 321,428 | 127,135 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | 3,494 | - | 2,288 | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | 3,494 | - | 2,288 | - | - | - | |||||||||||||||||||||
NET ASSETS | $ | 692,868 | $ | 24,574,953 | $ | 112,207 | $ | 408,515 | $ | 116,359 | $ | 321,428 | $ | 127,135 | ||||||||||||||
Fair value per share (NAV) | $ | 6.45 | $ | 57.81 | $ | 20.36 | $ | 25.23 | $ | 11.50 | $ | 12.06 | $ | 5.28 | ||||||||||||||
Shares outstanding in the Separate Account | 106,846 | 425,099 | 5,511 | 16,192 | 10,118 | 26,652 | 24,079 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 791,502 | $ | 25,621,916 | $ | 129,174 | $ | 422,453 | $ | 121,156 | $ | 378,708 | $ | 190,490 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
15
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Delaware VIP International Series | Delaware VIP Small Cap Value Series | DFA VIT Inflation- Protected Securities | DWS Core Equity VIP | DWS High Income VIP | DWS Small Cap Index VIP | DWS Small Mid Cap Value VIP | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 59,537 | $ | 522,378 | $ | 157,107 | $ | 20 | $ | 230,525 | $ | 7,629,153 | $ | 1,334,783 | ||||||||||||||
Due from the Policies | - | 342 | - | - | - | 1,936 | - | |||||||||||||||||||||
Due from the fund manager | - | - | 2,145 | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 59,537 | 522,720 | 159,252 | 20 | 230,525 | 7,631,088 | 1,334,783 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | 2,145 | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | 342 | - | - | - | 1,936 | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | 342 | 2,145 | - | - | 1,936 | - | |||||||||||||||||||||
NET ASSETS | $ | 59,537 | $ | 522,378 | $ | 157,107 | $ | 20 | $ | 230,525 | $ | 7,629,153 | $ | 1,334,783 | ||||||||||||||
Fair value per share (NAV) | $ | 14.94 | $ | 36.82 | $ | - | $ | 10.28 | $ | 5.34 | $ | 12.12 | $ | 12.73 | ||||||||||||||
Shares outstanding in the Separate Account | 3,985 | 14,187 | - | 2 | 43,169 | 629,468 | 104,853 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 73,291 | $ | 612,512 | $ | 172,711 | $ | 23 | $ | 259,438 | $ | 9,974,891 | $ | 1,369,501 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
16
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Eaton Vance Vt Floating-Rate Income Fund | Empower Aggressive Profile Fund | Empower Ariel Mid Cap Value Fund | Empower Bond Index Fund | Empower Conservative Profile Fund | Empower Core Bond Fund | Empower Emerging Markets Equity Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 1,382,938 | $ | 555,952 | $ | 178,267 | $ | 3,453,324 | $ | 1,134,192 | $ | 122,505 | $ | 60,808 | ||||||||||||||
Due from the Policies | - | 182 | - | - | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | 1,148 | 681 | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 1,382,938 | 556,134 | 178,267 | 3,454,472 | 1,134,873 | 122,505 | 60,808 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | 1,148 | 681 | - | - | |||||||||||||||||||||
Due to the fund manager | - | 182 | - | - | - | - | - | |||||||||||||||||||||
Payable dividends and other | 336 | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | 336 | 182 | - | 1,148 | 681 | - | - | |||||||||||||||||||||
NET ASSETS | $ | 1,382,602 | $ | 555,952 | $ | 178,267 | $ | 3,453,324 | $ | 1,134,192 | $ | 122,505 | $ | 60,808 | ||||||||||||||
Fair value per share (NAV) | $ | 8.44 | $ | 4.92 | $ | 9.31 | $ | 12.39 | $ | 7.11 | $ | 9.34 | $ | 7.78 | ||||||||||||||
Shares outstanding in the Separate Account | 163,855 | 112,998 | 19,148 | 278,719 | 159,521 | 13,116 | 7,816 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 1,481,211 | $ | 722,345 | $ | 217,180 | $ | 4,034,070 | $ | 1,214,358 | $ | 130,046 | $ | 63,171 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
17
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Global Bond Fund | Empower Government Money Market Fund | Empower Inflation- Protected Securities Fund | Empower International Index Fund | Empower International Value Fund | Empower Large Cap Growth Fund | Empower Large Cap Value Fund Investor II Class Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 1,385,910 | $ | 32,774,717 | $ | 20 | $ | 4,531,218 | $ | 6,403,030 | $ | 428,143 | $ | 2,438,111 | ||||||||||||||
Due from the Policies | - | - | - | 293 | 101 | 2,582 | - | |||||||||||||||||||||
Due from the fund manager | - | 21,217 | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | 6,493 | - | - | - | - | - | |||||||||||||||||||||
Total assets | 1,385,910 | 32,802,427 | 20 | 4,531,511 | 6,403,131 | 430,725 | 2,438,111 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | 21,217 | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | - | - | 293 | 101 | 2,582 | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | 21,217 | - | 293 | 101 | 2,582 | - | |||||||||||||||||||||
NET ASSETS | $ | 1,385,910 | $ | 32,781,210 | $ | 20 | $ | 4,531,218 | $ | 6,403,030 | $ | 428,143 | $ | 2,438,111 | ||||||||||||||
Fair value per share (NAV) | $ | 6.64 | $ | 1.00 | $ | 8.84 | $ | 10.97 | $ | 10.53 | $ | 6.96 | $ | 10.77 | ||||||||||||||
Shares outstanding in the Separate Account | 208,721 | 32,774,717 | 2 | 413,055 | 608,075 | 61,515 | 226,380 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 1,662,229 | $ | 32,774,717 | $ | 23 | $ | 5,075,287 | $ | 7,341,534 | $ | 484,661 | $ | 2,301,689 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
18
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Lifetime 2015 Fund | Empower Lifetime 2020 Fund | Empower Lifetime 2025 Fund | Empower Lifetime 2030 Fund | Empower Lifetime 2035 Fund | Empower Lifetime 2040 Fund | Empower Lifetime 2045 Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 565,736 | $ | 640,187 | $ | 7,624,081 | $ | 2,839,355 | $ | 2,168,690 | $ | 1,709,807 | $ | 874,382 | ||||||||||||||
Due from the Policies | - | - | - | - | 24 | 51 | 1,047 | |||||||||||||||||||||
Due from the fund manager | - | - | 22 | 459 | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 565,736 | 640,187 | 7,624,103 | 2,839,814 | 2,168,714 | 1,709,859 | 875,428 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | 22 | 459 | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | - | - | - | 24 | 51 | 1,047 | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | - | 22 | 459 | 24 | 51 | 1,047 | |||||||||||||||||||||
NET ASSETS | $ | 565,736 | $ | 640,187 | $ | 7,624,081 | $ | 2,839,355 | $ | 2,168,690 | $ | 1,709,807 | $ | 874,382 | ||||||||||||||
Fair value per share (NAV) | $ | 12.06 | $ | 9.39 | $ | 12.52 | $ | 9.56 | $ | 12.22 | $ | 9.38 | $ | 12.15 | ||||||||||||||
Shares outstanding in the Separate Account | 46,910 | 68,178 | 608,952 | 297,004 | 177,471 | 182,282 | 71,966 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 646,696 | $ | 755,171 | $ | 8,744,967 | $ | 3,554,250 | $ | 2,539,567 | $ | 2,154,080 | $ | 1,046,796 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
19
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Lifetime 2050 Fund | Empower Lifetime 2055 Fund | Empower Lifetime 2060 Fund | Empower Mid Cap Value Fund | Empower Moderate Profile Fund | Empower Moderately Aggressive Profile Fund | Empower Moderately Conservative Profile Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 463,910 | $ | 556,445 | $ | 20 | $ | 391,762 | $ | 158,539 | $ | 96,152 | $ | 2,517,740 | ||||||||||||||
Due from the Policies | 500 | 101 | - | - | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | 368 | 59 | 663 | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 464,410 | 556,545 | 20 | 391,762 | 158,907 | 96,211 | 2,518,403 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | 368 | 59 | 663 | |||||||||||||||||||||
Due to the fund manager | 500 | 101 | - | - | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | 500 | 101 | - | - | 368 | 59 | 663 | |||||||||||||||||||||
NET ASSETS | $ | 463,910 | $ | 556,445 | $ | 20 | $ | 391,762 | $ | 158,539 | $ | 96,152 | $ | 2,517,740 | ||||||||||||||
Fair value per share (NAV) | $ | 9.76 | $ | 15.20 | $ | 9.20 | $ | 11.32 | $ | 5.89 | $ | 6.28 | $ | 7.58 | ||||||||||||||
Shares outstanding in the Separate Account | 47,532 | 36,608 | 2 | 34,608 | 26,917 | 15,311 | 332,156 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 539,671 | $ | 653,617 | $ | 24 | $ | 494,739 | $ | 184,918 | $ | 111,400 | $ | 2,866,381 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
20
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Multi- Sector Bond Fund | Empower Real Estate Index Fund | Empower S&P Mid Cap 400® Index Fund | Empower S&P Small Cap 600® Index Fund | Empower Short Duration Bond Fund | Empower Small Cap Growth Fund | Empower Small Cap Value Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 235,646 | $ | 1,550,931 | $ | 9,109,722 | $ | 865,638 | $ | 3,384,043 | $ | 19 | $ | 1,029,525 | ||||||||||||||
Due from the Policies | - | 607 | 5,373 | 3,170 | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | 547 | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 235,646 | 1,551,538 | 9,115,094 | 868,808 | 3,384,590 | 19 | 1,029,525 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | 547 | - | - | |||||||||||||||||||||
Due to the fund manager | - | 607 | 5,373 | 3,170 | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | 607 | 5,373 | 3,170 | 547 | - | - | |||||||||||||||||||||
NET ASSETS | $ | 235,646 | $ | 1,550,931 | $ | 9,109,722 | $ | 865,638 | $ | 3,384,043 | $ | 19 | $ | 1,029,525 | ||||||||||||||
Fair value per share (NAV) | $ | 12.22 | $ | 10.80 | $ | 17.30 | $ | 11.38 | $ | 9.97 | $ | 9.01 | $ | 31.17 | ||||||||||||||
Shares outstanding in the Separate Account | 19,284 | 143,605 | 526,573 | 76,067 | 339,423 | 2 | 33,029 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 266,278 | $ | 1,725,132 | $ | 9,772,377 | $ | 1,013,316 | $ | 3,468,823 | $ | 24 | $ | 835,505 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
21
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower T. Rowe Price Mid Cap Growth Fund | Empower U.S. Government Securities Fund | Federated Hermes High Income Bond Fund II | Federated Hermes Kaufmann Fund II | Fidelity VIP Contrafund Portfolio | Fidelity VIP Emerging Markets Portfolio | Fidelity VIP Growth Portfolio | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 2,052,270 | $ | 598,855 | $ | 154,212 | $ | 161,889 | $ | 1,327,763 | $ | 1,611,505 | $ | 34,257 | ||||||||||||||
Due from the Policies | 1,104 | - | - | - | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 2,053,374 | 598,855 | 154,212 | 161,889 | 1,327,763 | 1,611,505 | 34,257 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | 1,104 | - | - | - | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | 1,104 | - | - | - | - | - | - | |||||||||||||||||||||
NET ASSETS | $ | 2,052,270 | $ | 598,855 | $ | 154,212 | $ | 161,889 | $ | 1,327,763 | $ | 1,611,505 | $ | 34,257 | ||||||||||||||
Fair value per share (NAV) | $ | 30.63 | $ | 10.71 | $ | 5.34 | $ | 15.10 | $ | 36.54 | $ | 9.86 | $ | 69.27 | ||||||||||||||
Shares outstanding in the Separate Account | 67,002 | 55,916 | 28,879 | 10,721 | 36,337 | 163,439 | 495 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 2,139,592 | $ | 640,734 | $ | 183,264 | $ | 218,274 | $ | 1,412,102 | $ | 2,315,306 | $ | 44,990 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
22
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Fidelity VIP Index 500 Portfolio | Fidelity VIP Investment Grade Bond Portfolio | Fidelity VIP Mid Cap Portfolio | Goldman Sachs VIT Mid Cap Value Fund | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Invesco Oppenheimer V.I. Main Street Small Cap Fund | Invesco V.I. Core Equity Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 5,637,805 | $ | 172,667 | $ | 307,591 | $ | 89,032 | $ | 5,545 | $ | 515,203 | $ | 16,307 | ||||||||||||||
Due from the Policies | 893 | - | - | - | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 5,638,699 | 172,667 | 307,591 | 89,032 | 5,545 | 515,203 | 16,307 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | 893 | - | - | - | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | 893 | - | - | - | - | - | - | |||||||||||||||||||||
NET ASSETS | $ | 5,637,805 | $ | 172,667 | $ | 307,591 | $ | 89,032 | $ | 5,545 | $ | 515,203 | $ | 16,307 | ||||||||||||||
Fair value per share (NAV) | $ | 374.78 | $ | 10.47 | $ | 31.20 | $ | 14.89 | $ | 8.81 | $ | 23.08 | $ | 24.55 | ||||||||||||||
Shares outstanding in the Separate Account | 15,043 | 16,492 | 9,859 | 5,979 | 629 | 22,322 | 664 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 6,695,280 | $ | 208,662 | $ | 339,207 | $ | 90,999 | $ | 5,645 | $ | 644,896 | $ | 19,967 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
23
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Invesco V.I. Global Real Estate Fund | Invesco V.I. Health Care Fund | Invesco V.I. International Growth Fund | Invesco V.I. Mid Cap Core Equity Fund | Janus Henderson VIT Balanced Portfolio | Janus Henderson VIT Enterprise Portfolio | Janus Henderson VIT Flexible Bond Portfolio | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 1,002,184 | $ | 38,630 | $ | 2,537,106 | $ | 1 | $ | 2,786,750 | $ | 602,453 | $ | 2,429,826 | ||||||||||||||
Due from the Policies | - | - | - | - | - | 17 | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 1,002,184 | 38,630 | 2,537,106 | 1 | 2,786,750 | 602,470 | 2,429,826 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | - | - | - | - | 17 | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | - | - | - | - | 17 | - | |||||||||||||||||||||
NET ASSETS | $ | 1,002,184 | $ | 38,630 | $ | 2,537,106 | $ | 1 | $ | 2,786,750 | $ | 602,453 | $ | 2,429,826 | ||||||||||||||
Fair value per share (NAV) | $ | 13.04 | $ | 25.15 | $ | 28.94 | $ | 8.55 | $ | 40.05 | $ | 69.58 | $ | 9.94 | ||||||||||||||
Shares outstanding in the Separate Account | 76,855 | 1,536 | 87,668 | 0 | 69,582 | 8,658 | 244,449 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 1,177,483 | $ | 48,865 | $ | 3,136,170 | $ | 1 | $ | 2,839,520 | $ | 768,417 | $ | 2,856,442 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
24
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Janus Henderson VIT Forty Portfolio | Janus Henderson VIT Global Research Portfolio | Janus Henderson VIT Global Technology and Innovation Portfolio | Janus Henderson VIT Overseas Portfolio | JP Morgan Insurance Trust Small Cap Core Portfolio | JP Morgan Insurance Trust US Equity Portfolio | Lord Abbett Series Developing Growth Portfolio | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 1,262,028 | $ | 123,976 | $ | 1,698,495 | $ | 70,883 | $ | 20 | $ | 20 | $ | 125,691 | ||||||||||||||
Due from the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 1,262,028 | 123,976 | 1,698,495 | 70,883 | 20 | 20 | 125,691 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | - | - | - | - | - | - | |||||||||||||||||||||
NET ASSETS | $ | 1,262,028 | $ | 123,976 | $ | 1,698,495 | $ | 70,883 | $ | 20 | $ | 20 | $ | 125,691 | ||||||||||||||
Fair value per share (NAV) | $ | 33.89 | $ | 50.02 | $ | 10.34 | $ | 38.52 | $ | 18.21 | $ | 31.85 | $ | 22.15 | ||||||||||||||
Shares outstanding in the Separate Account | 37,239 | 2,479 | 164,264 | 1,840 | 1 | 1 | 5,675 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 1,684,761 | $ | 142,361 | $ | 2,743,244 | $ | 57,389 | $ | 23 | $ | 23 | $ | 198,016 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
25
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Lord Abbett Series Total Return Portfolio | MFS VIT Growth Series | MFS VIT II International Growth Portfolio | MFS VIT III Blended Research Small Cap Equity Portfolio | MFS VIT III Global Real Estate Portfolio | MFS VIT III Mid Cap Value Portfolio | MFS VIT Mid Cap Growth Series | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 53,950 | $ | 7,954 | $ | 2,008,907 | $ | 8,692 | $ | 228,291 | $ | 60,957 | $ | 464,939 | ||||||||||||||
Due from the Policies | - | - | 1,327 | - | - | 33 | 100 | |||||||||||||||||||||
Due from the fund manager | 296 | - | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 54,246 | 7,954 | 2,010,234 | 8,692 | 228,291 | 60,991 | 465,039 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | 296 | - | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | - | 1,327 | - | - | 33 | 100 | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | 296 | - | 1,327 | - | - | 33 | 100 | |||||||||||||||||||||
NET ASSETS | $ | 53,950 | $ | 7,954 | $ | 2,008,907 | $ | 8,692 | $ | 228,291 | $ | 60,957 | $ | 464,939 | ||||||||||||||
Fair value per share (NAV) | $ | 13.95 | $ | 48.02 | $ | 13.35 | $ | 8.78 | $ | 12.78 | $ | 9.19 | $ | 7.16 | ||||||||||||||
Shares outstanding in the Separate Account | 3,867 | 166 | 150,480 | 990 | 17,863 | 6,633 | 64,936 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 56,394 | $ | 10,587 | $ | 2,349,700 | $ | 11,395 | $ | 291,001 | $ | 66,104 | $ | 572,058 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
26
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
MFS VIT Research Series | MFS VIT Total Return Bond Series | MFS VIT Value Series | Neuberger Berman AMT Mid Cap Growth Portfolio | Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio | Neuberger Berman AMT Sustainable Equity Portfolio | Pimco VIT Commodity Real Return Strategy Portfolio | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 35,658 | $ | 2,748,621 | $ | 1,228,352 | $ | 10,885 | $ | 1 | $ | 75,790 | $ | 72,703 | ||||||||||||||
Due from the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | 56 | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 35,658 | 2,748,677 | 1,228,352 | 10,885 | 1 | 75,790 | 72,703 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | 56 | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | 56 | - | - | - | - | - | |||||||||||||||||||||
NET ASSETS | $ | 35,658 | $ | 2,748,621 | $ | 1,228,352 | $ | 10,885 | $ | 1 | $ | 75,790 | $ | 72,703 | ||||||||||||||
Fair value per share (NAV) | $ | 27.74 | $ | 11.26 | $ | 21.55 | $ | 22.54 | $ | 23.81 | $ | 26.80 | $ | 6.89 | ||||||||||||||
Shares outstanding in the Separate Account | 1,285 | 244,105 | 57,000 | 483 | 0 | 2,828 | 10,552 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 38,731 | $ | 3,200,385 | $ | 1,310,691 | $ | 13,277 | $ | 1 | $ | 80,697 | $ | 80,185 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
27
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Pimco VIT Global Bond Opportunities Portfolio (Unhedged) | Pimco VIT High Yield Portfolio | Pimco VIT Low Duration Portfolio | Pimco VIT Real Return Portfolio | Pimco VIT Total Return Portfolio | Pioneer Real Estate Shares VCT Portfolio | Putnam VT Equity Income Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 1,743,324 | $ | 978,514 | $ | 4,423,081 | $ | 897,635 | $ | 7,134,378 | $ | 139,363 | $ | 1,558,078 | ||||||||||||||
Due from the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | 137 | - | - | 960 | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 1,743,324 | 978,514 | 4,423,081 | 897,772 | 7,134,378 | 139,363 | 1,559,038 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | 137 | - | - | 960 | |||||||||||||||||||||
Due to the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | - | - | 137 | - | - | 960 | |||||||||||||||||||||
NET ASSETS | $ | 1,743,324 | $ | 978,514 | $ | 4,423,081 | $ | 897,635 | $ | 7,134,378 | $ | 139,363 | $ | 1,558,078 | ||||||||||||||
Fair value per share (NAV) | $ | 9.45 | $ | 6.77 | $ | 9.48 | $ | 11.50 | $ | 8.98 | $ | 6.69 | $ | 27.44 | ||||||||||||||
Shares outstanding in the Separate Account | 184,479 | 144,537 | 466,570 | 78,055 | 794,474 | 20,831 | 56,781 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 2,159,817 | $ | 1,132,310 | $ | 4,686,038 | $ | 1,060,634 | $ | 8,760,488 | $ | 199,294 | $ | 1,631,830 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
28
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Putnam VT Global Asset Allocation Fund | Putnam VT Global Equity Fund | Putnam VT Growth Opportunities Fund | Putnam VT High Yield Fund | Putnam VT Income Fund | Putnam VT International Value Fund | Putnam VT Research Fund | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 6,479 | $ | 142,027 | $ | 240,183 | $ | 93,273 | $ | 65,557 | $ | 840,073 | $ | 626,564 | ||||||||||||||
Due from the Policies | - | - | 228 | - | - | 7 | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | - | - | - | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 6,479 | 142,027 | 240,412 | 93,273 | 65,557 | 840,080 | 626,564 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | - | - | - | |||||||||||||||||||||
Due to the fund manager | - | - | 228 | - | - | 7 | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | - | 228 | - | - | 7 | - | |||||||||||||||||||||
NET ASSETS | $ | 6,479 | $ | 142,027 | $ | 240,183 | $ | 93,273 | $ | 65,557 | $ | 840,073 | $ | 626,564 | ||||||||||||||
Fair value per share (NAV) | $ | 15.19 | $ | 12.25 | $ | 9.83 | $ | 5.29 | $ | 8.39 | $ | 10.19 | $ | 27.31 | ||||||||||||||
Shares outstanding in the Separate Account | 427 | 11,594 | 24,434 | 17,632 | 7,814 | 82,441 | 22,943 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 7,009 | $ | 226,806 | $ | 241,577 | $ | 106,465 | $ | 79,174 | $ | 877,444 | $ | 774,538 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
29
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Putnam VT Small Cap Value Fund | Putnam VT Sustainable Future Fund | Royce Capital Fund - Small-Cap Portfolio | T. Rowe Price Blue Chip Growth Portfolio Class II | Van Eck VIP Emerging Markets Fund | Van Eck VIP Global Hard Assets Fund | Vanguard VIF Global Bond Index | ||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||
Investments at fair value (1) | $ | 5,993 | $ | 202,276 | $ | 67,421 | $ | 2,032,409 | $ | 40,703 | $ | 1,340,057 | $ | 729,468 | ||||||||||||||
Due from the Policies | - | - | - | 2,875 | - | - | - | |||||||||||||||||||||
Due from the fund manager | - | - | - | - | - | - | 48 | |||||||||||||||||||||
Receivable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total assets | 5,993 | 202,276 | 67,421 | 2,035,284 | 40,703 | 1,340,057 | 729,515 | |||||||||||||||||||||
LIABILITIES: | ||||||||||||||||||||||||||||
Due to the Policies | - | - | - | - | - | - | 48 | |||||||||||||||||||||
Due to the fund manager | - | - | - | 2,875 | - | - | - | |||||||||||||||||||||
Payable dividends and other | - | - | - | - | - | - | - | |||||||||||||||||||||
Total liabilities | - | - | - | 2,875 | - | - | 48 | |||||||||||||||||||||
NET ASSETS | $ | 5,993 | $ | 202,276 | $ | 67,421 | $ | 2,032,409 | $ | 40,703 | $ | 1,340,057 | $ | 729,468 | ||||||||||||||
Fair value per share (NAV) | $ | 10.82 | $ | 11.62 | $ | 8.18 | $ | 29.23 | $ | 8.70 | $ | 28.39 | $ | 17.83 | ||||||||||||||
Shares outstanding in the Separate Account | 554 | 17,408 | 8,242 | 69,532 | 4,679 | 47,202 | 40,912 | |||||||||||||||||||||
(1) Investments in mutual fund shares, at cost | $ | 5,844 | $ | 295,335 | $ | 69,321 | $ | 2,633,929 | $ | 56,975 | $ | 1,056,061 | $ | 857,242 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Continued)
See accompanying notes to financial statements.
30
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2022
SUBACCOUNTS | ||||||||
Vanguard VIF Total Bond Market Index | Victory RS Small Cap Growth Equity VIP | |||||||
ASSETS: | ||||||||
Investments at fair value (1) | $ | 1,643,356 | $ | 17 | ||||
Due from the Policies | - | - | ||||||
Due from the fund manager | - | - | ||||||
Receivable dividends and other | - | - | ||||||
Total assets | 1,643,356 | 17 | ||||||
LIABILITIES: | ||||||||
Due to the Policies | - | - | ||||||
Due to the fund manager | - | - | ||||||
Payable dividends and other | - | - | ||||||
Total liabilities | - | - | ||||||
NET ASSETS | $ | 1,643,356 | $ | 17 | ||||
Fair value per share (NAV) | $ | 10.32 | $ | 7.97 | ||||
Shares outstanding in the Separate Account | 159,240 | 2 | ||||||
(1) Investments in mutual fund shares, at cost | $ | 1,898,908 | $ | 25 |
Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.
(Concluded)
See accompanying notes to financial statements.
31
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Alger Small Cap Growth Portfolio | American Century Investments VP Capital Appreciation Fund | American Century Investments VP Inflation Protection Fund | American Century Investments VP International Fund | American Century Investments VP Mid Cap Value Fund | American Century Investments VP Ultra Fund | American Century Investments VP Value Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | - | $ | - | $ | 179,799 | $ | 629 | $ | 36,645 | $ | - | $ | 22,928 | ||||||||||||||
TOTAL INVESTMENT INCOME | - | - | 179,799 | 629 | 36,645 | - | 22,928 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | 27,619 | (810 | ) | (459 | ) | 67 | 107,192 | (1,865 | ) | 184,626 | ||||||||||||||||||
Capital gain distributions | 65,964 | 57,166 | 17,923 | 6,617 | 246,551 | 20,767 | 126,208 | |||||||||||||||||||||
Net realized gain (loss) on investments | 93,583 | 56,356 | 17,463 | 6,684 | 353,743 | 18,902 | 310,834 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (307,956 | ) | (208,534 | ) | (694,948 | ) | (21,037 | ) | (409,163 | ) | (101,325 | ) | (301,177 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (214,374 | ) | (152,178 | ) | (677,485 | ) | (14,353 | ) | (55,420 | ) | (82,423 | ) | 9,657 | |||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (214,374 | ) | $ | (152,178 | ) | $ | (497,686 | ) | $ | (13,724 | ) | $ | (18,775 | ) | $ | (82,423 | ) | $ | 32,585 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
32
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
American Fund IS Growth and Income Fund | American Funds IS Global Small Capitalization Fund | American Funds IS Growth Fund | American Funds IS International Fund | American Funds IS New World Fund | Blackrock 60/40 Target Allocation ETF VI Fund | Blackrock Global Allocation VI Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 4 | $ | - | $ | 10,309 | $ | 28,493 | $ | 19,079 | $ | - | $ | - | ||||||||||||||
TOTAL INVESTMENT INCOME | 4 | - | 10,309 | 28,493 | 19,079 | - | - | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | 4 | (666 | ) | 100,289 | (109,700 | ) | 1,343 | - | (83,752 | ) | ||||||||||||||||||
Capital gain distributions | 30 | 20,716 | 471,569 | 230,329 | 135,053 | - | 32,689 | |||||||||||||||||||||
Net realized gain (loss) on investments | 34 | 20,050 | 571,858 | 120,628 | 136,395 | - | (51,063 | ) | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (98 | ) | (42,704 | ) | (1,857,720 | ) | (630,074 | ) | (549,776 | ) | (2 | ) | (421,876 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (64 | ) | (22,654 | ) | (1,285,861 | ) | (509,446 | ) | (413,380 | ) | (2 | ) | (472,939 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (60 | ) | $ | (22,654 | ) | $ | (1,275,552 | ) | $ | (480,953 | ) | $ | (394,301 | ) | $ | (2 | ) | $ | (472,939 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
33
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Blackrock High Yield VI Fund | BNY Mellon Stock Index Portfolio | Clearbridge Variable Mid Cap Portfolio | Clearbridge Variable Small Cap Growth Portfolio | Columbia Variable Portfolio -
Cap Value Fund | Davis Financial Portfolio | Davis Value Portfolio | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 36,507 | $ | 347,842 | $ | 414 | $ | - | $ | 140 | $ | 6,163 | $ | 1,773 | ||||||||||||||
TOTAL INVESTMENT INCOME | 36,507 | 347,842 | 414 | - | 140 | 6,163 | 1,773 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (4,717 | ) | 1,812,291 | 77 | (204,245 | ) | 83,462 | (7,068 | ) | (414 | ) | |||||||||||||||||
Capital gain distributions | - | 2,215,856 | 7,360 | 8,586 | 7,135 | 11,672 | 31,198 | |||||||||||||||||||||
Net realized gain (loss) on investments | (4,717 | ) | 4,028,148 | 7,437 | (195,659 | ) | 90,597 | 4,604 | 30,784 | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (105,086 | ) | (9,829,538 | ) | (43,888 | ) | 35,094 | (107,185 | ) | (40,866 | ) | (65,054 | ) | |||||||||||||||
Net realized and unrealized gain (loss) on investments | (109,803 | ) | (5,801,390 | ) | (36,451 | ) | (160,565 | ) | (16,588 | ) | (36,263 | ) | (34,271 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (73,296 | ) | $ | (5,453,548 | ) | $ | (36,037 | ) | $ | (160,565 | ) | $ | (16,449 | ) | $ | (30,100 | ) | $ | (32,498 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
34
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Delaware VIP International Series | Delaware VIP Small Cap Value Series | DFA VIT Inflation- Protected Securities | DWS Core Equity VIP | DWS High Income VIP | DWS Small Cap Index VIP | DWS Small Mid Cap Value VIP | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 784 | $ | 2,729 | $ | 13,212 | $ | - | $ | 11,178 | $ | 76,097 | $ | 11,757 | ||||||||||||||
TOTAL INVESTMENT INCOME | 784 | 2,729 | 13,212 | - | 11,178 | 76,097 | 11,757 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (7,425 | ) | 58,615 | (7,337 | ) | - | (695 | ) | (14,135 | ) | 4,829 | |||||||||||||||||
Capital gain distributions | 4,336 | 36,381 | - | 1 | - | 1,431,430 | 20,225 | |||||||||||||||||||||
Net realized gain (loss) on investments | (3,089 | ) | 94,995 | (7,337 | ) | 1 | (695 | ) | 1,417,295 | 25,055 | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (19,741 | ) | (194,560 | ) | (15,604 | ) | (3 | ) | (30,789 | ) | (3,590,144 | ) | (282,514 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (22,830 | ) | (99,564 | ) | (22,941 | ) | (2 | ) | (31,484 | ) | (2,172,849 | ) | (257,460 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (22,046 | ) | $ | (96,835 | ) | $ | (9,729 | ) | $ | (2 | ) | $ | (20,307 | ) | $ | (2,096,752 | ) | $ | (245,703 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
35
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Eaton Vance Vt Floating- Rate Income Fund | Empower Aggressive Profile Fund | Empower Ariel Mid Cap Value Fund | Empower Bond Index Fund | Empower Conservative Profile Fund | Empower Core Bond Fund | Empower Emerging Markets Equity Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 63,310 | $ | 9,026 | $ | 9,293 | $ | 39,598 | $ | 15,971 | $ | 6,538 | $ | 835 | ||||||||||||||
TOTAL INVESTMENT INCOME | 63,310 | 9,026 | 9,293 | 39,598 | 15,971 | 6,538 | 835 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (4,480 | ) | (35,577 | ) | 2,662 | (56,091 | ) | (6,936 | ) | (300,646 | ) | (41,400 | ) | |||||||||||||||
Capital gain distributions | - | 65,622 | 41,098 | 2,852 | 36,600 | - | 196 | |||||||||||||||||||||
Net realized gain (loss) on investments | (4,480 | ) | 30,045 | 43,761 | (53,239 | ) | 29,665 | (300,646 | ) | (41,204 | ) | |||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (98,605 | ) | (168,265 | ) | (79,886 | ) | (514,297 | ) | (116,988 | ) | (50,892 | ) | 4,046 | |||||||||||||||
Net realized and unrealized gain (loss) on investments | (103,085 | ) | (138,220 | ) | (36,126 | ) | (567,537 | ) | (87,323 | ) | (351,538 | ) | (37,158 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (39,775 | ) | $ | (129,194 | ) | $ | (26,833 | ) | $ | (527,938 | ) | $ | (71,352 | ) | $ | (344,999 | ) | $ | (36,324 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
36
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Global Bond Fund | Empower Government Money Market Fund | Empower Inflation- Protected Securities Fund | Empower International Index Fund | Empower International Value Fund | Empower Large Cap Growth Fund | Empower Large Cap Value Fund Investor II Class Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 11,625 | $ | 389,273 | $ | 1 | $ | 79,995 | $ | 79,820 | $ | 1,647 | $ | 42,781 | ||||||||||||||
TOTAL INVESTMENT INCOME | 11,625 | 389,273 | 1 | 79,995 | 79,820 | 1,647 | 42,781 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (41,684 | ) | - | (13,098 | ) | (25,904 | ) | (30,030 | ) | (118,628 | ) | 54,853 | ||||||||||||||||
Capital gain distributions | 6,794 | - | - | - | 113,003 | 35,526 | 159,534 | |||||||||||||||||||||
Net realized gain (loss) on investments | (34,890 | ) | - | (13,098 | ) | (25,904 | ) | 82,972 | (83,102 | ) | 214,386 | |||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (225,017 | ) | - | (14,674 | ) | (820,026 | ) | (1,311,369 | ) | (23,442 | ) | (354,303 | ) | |||||||||||||||
Net realized and unrealized gain (loss) on investments | (259,906 | ) | - | (27,771 | ) | (845,931 | ) | (1,228,397 | ) | (106,544 | ) | (139,916 | ) | |||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (248,281 | ) | $ | 389,273 | $ | (27,771 | ) | $ | (765,935 | ) | $ | (1,148,577 | ) | $ | (104,896 | ) | $ | (97,136 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
37
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Lifetime 2015 Fund | Empower Lifetime 2020 Fund | Empower Lifetime 2025 Fund | Empower Lifetime 2030 Fund | Empower Lifetime 2035 Fund | Empower Lifetime 2040 Fund | Empower Lifetime 2045 Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 11,261 | $ | 13,503 | $ | 128,288 | $ | 54,269 | $ | 32,877 | $ | 29,828 | $ | 12,671 | ||||||||||||||
TOTAL INVESTMENT INCOME | 11,261 | 13,503 | 128,288 | 54,269 | 32,877 | 29,828 | 12,671 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (78,437 | ) | (1,085 | ) | 4,779 | (44,160 | ) | (7,367 | ) | (6,677 | ) | (25,476 | ) | |||||||||||||||
Capital gain distributions | 30,155 | 37,597 | 418,815 | 186,424 | 134,044 | 139,390 | 71,693 | |||||||||||||||||||||
Net realized gain (loss) on investments | (48,281 | ) | 36,512 | 423,594 | 142,264 | 126,677 | 132,713 | 46,218 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (139,598 | ) | (143,659 | ) | (1,470,455 | ) | (645,015 | ) | (498,223 | ) | (458,888 | ) | (257,064 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (187,880 | ) | (107,147 | ) | (1,046,860 | ) | (502,751 | ) | (371,546 | ) | (326,175 | ) | (210,847 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (176,619 | ) | $ | (93,644 | ) | $ | (918,572 | ) | $ | (448,482 | ) | $ | (338,669 | ) | $ | (296,347 | ) | $ | (198,176 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
38
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Lifetime 2050 Fund | Empower Lifetime 2055 Fund | Empower Lifetime 2060 Fund | Empower Mid Cap Value Fund | Empower Moderate Profile Fund | Empower Moderately Aggressive Profile Fund | Empower Moderately Conservative Profile Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 7,691 | $ | 5,381 | $ | - | $ | 2,130 | $ | 3,370 | $ | 1,519 | $ | 35,788 | ||||||||||||||
TOTAL INVESTMENT INCOME | 7,691 | 5,381 | - | 2,130 | 3,370 | 1,519 | 35,788 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (1,781 | ) | (4,353 | ) | - | (3,087 | ) | (24,782 | ) | (21,816 | ) | 573 | ||||||||||||||||
Capital gain distributions | 34,374 | 37,336 | 1 | 7,115 | 10,130 | 7,119 | 114,723 | |||||||||||||||||||||
Net realized gain (loss) on investments | 32,593 | 32,983 | 1 | 4,028 | (14,652 | ) | (14,697 | ) | 115,296 | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (123,044 | ) | (114,837 | ) | (3 | ) | (51,633 | ) | (29,744 | ) | (16,063 | ) | (398,471 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (90,451 | ) | (81,855 | ) | (2 | ) | (47,605 | ) | (44,396 | ) | (30,760 | ) | (283,175 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (82,760 | ) | $ | (76,473 | ) | $ | (2 | ) | $ | (45,475 | ) | $ | (41,026 | ) | $ | (29,241 | ) | $ | (247,388 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
39
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Multi- Sector Bond Fund | Empower Real Estate Index Fund | Empower S&P Mid Cap 400® Index Fund | Empower S&P Small Cap 600® Index Fund | Empower Short Duration Bond Fund | Empower Small Cap Growth Fund | Empower Small Cap Value Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 5,805 | $ | 30,379 | $ | 40,922 | $ | 4,467 | $ | 57,870 | $ | - | $ | 616 | ||||||||||||||
TOTAL INVESTMENT INCOME | 5,805 | 30,379 | 40,922 | 4,467 | 57,870 | - | 616 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (1,094 | ) | 76,210 | 189,208 | (80,074 | ) | (141,612 | ) | (1 | ) | 21,670 | |||||||||||||||||
Capital gain distributions | 299 | 40,274 | 342,311 | 50,068 | - | - | 29,773 | |||||||||||||||||||||
Net realized gain (loss) on investments | (795 | ) | 116,484 | 531,519 | (30,006 | ) | (141,612 | ) | - | 51,443 | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (36,990 | ) | (709,499 | ) | (2,124,244 | ) | (132,659 | ) | (209,399 | ) | (3 | ) | (173,892 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (37,785 | ) | (593,015 | ) | (1,592,724 | ) | (162,665 | ) | (351,010 | ) | (3 | ) | (122,450 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (31,980 | ) | $ | (562,635 | ) | $ | (1,551,802 | ) | $ | (158,198 | ) | $ | (293,140 | ) | $ | (3 | ) | $ | (121,834 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
40
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower T. Rowe Price Mid Cap Growth Fund | Empower U.S. Government Securities Fund | Federated Hermes High Income Bond Fund II | Federated Hermes Kaufmann Fund II | Fidelity VIP Contrafund Portfolio | Fidelity VIP Emerging Markets Portfolio | Fidelity VIP Growth Portfolio | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 468 | $ | 12,149 | $ | 8,950 | $ | - | $ | 3,871 | $ | 25,625 | $ | 121 | ||||||||||||||
TOTAL INVESTMENT INCOME | 468 | 12,149 | 8,950 | - | 3,871 | 25,625 | 121 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | 186,859 | (318,595 | ) | (700 | ) | (1,005 | ) | 46,592 | (87,661 | ) | (330 | ) | ||||||||||||||||
Capital gain distributions | 53,266 | - | - | 18,958 | 70,602 | - | 2,733 | |||||||||||||||||||||
Net realized gain (loss) on investments | 240,125 | (318,595 | ) | (700 | ) | 17,953 | 117,194 | (87,661 | ) | 2,404 | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (833,626 | ) | (59,623 | ) | (29,134 | ) | (81,169 | ) | (574,706 | ) | (329,694 | ) | (13,917 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (593,501 | ) | (378,217 | ) | (29,835 | ) | (63,216 | ) | (457,513 | ) | (417,355 | ) | (11,513 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (593,033 | ) | $ | (366,068 | ) | $ | (20,885 | ) | $ | (63,216 | ) | $ | (453,642 | ) | $ | (391,730 | ) | $ | (11,392 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
41
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Fidelity VIP Index 500 Portfolio | Fidelity VIP Investment Grade Bond Portfolio | Fidelity VIP Mid Cap Portfolio | Goldman Sachs VIT Mid Cap Value Fund | Goldman Sachs VIT Multi- Strategy Alternatives Portfolio | Invesco Oppenheimer V.I. Main Street Small Cap Fund | Invesco V.I. Core Equity Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 85,532 | $ | 3,758 | $ | 880 | $ | 634 | $ | 190 | $ | 2,777 | $ | 163 | ||||||||||||||
TOTAL INVESTMENT INCOME | 85,532 | 3,758 | 880 | 634 | 190 | 2,777 | 163 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (79,215 | ) | (752 | ) | 14,874 | 268 | (48 | ) | (35,839 | ) | 459 | |||||||||||||||||
Capital gain distributions | 36,907 | 9,805 | 22,387 | 13,632 | - | 60,261 | 2,774 | |||||||||||||||||||||
Net realized gain (loss) on investments | (42,308 | ) | 9,053 | 37,261 | 13,900 | (48 | ) | 24,422 | 3,233 | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (1,281,015 | ) | (41,289 | ) | (97,672 | ) | (24,099 | ) | (779 | ) | (126,410 | ) | (7,582 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (1,323,323 | ) | (32,236 | ) | (60,410 | ) | (10,199 | ) | (827 | ) | (101,988 | ) | (4,349 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (1,237,791 | ) | $ | (28,477 | ) | $ | (59,530 | ) | $ | (9,565 | ) | $ | (637 | ) | $ | (99,210 | ) | $ | (4,186 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
42
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Invesco V.I. Global Real Estate Fund | Invesco V.I. Health Care Fund | Invesco V.I. International Growth Fund | Invesco V.I. Mid Cap Core Equity Fund | Janus Henderson VIT Balanced Portfolio | Janus Henderson VIT Enterprise Portfolio | Janus Henderson VIT Flexible Bond Portfolio | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 31,232 | $ | - | $ | 46,963 | $ | - | $ | 35,594 | $ | 1,029 | $ | 62,927 | ||||||||||||||
TOTAL INVESTMENT INCOME | 31,232 | - | 46,963 | - | 35,594 | 1,029 | 62,927 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | 8,378 | (47 | ) | (16,727 | ) | 49,264 | 80,110 | (11,413 | ) | (115,155 | ) | |||||||||||||||||
Capital gain distributions | - | 5,335 | 299,563 | - | 87,251 | 83,210 | 48,166 | |||||||||||||||||||||
Net realized gain (loss) on investments | 8,378 | 5,288 | 282,836 | 49,264 | 167,360 | 71,798 | (66,988 | ) | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (345,182 | ) | (11,581 | ) | (908,296 | ) | (57,192 | ) | (716,342 | ) | (181,882 | ) | (395,699 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (336,804 | ) | (6,294 | ) | (625,460 | ) | (7,928 | ) | (548,982 | ) | (110,084 | ) | (462,688 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (305,572 | ) | $ | (6,294 | ) | $ | (578,498 | ) | $ | (7,928 | ) | $ | (513,388 | ) | $ | (109,055 | ) | $ | (399,761 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
43
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Janus Henderson VIT Forty Portfolio | Janus Henderson VIT Global Research Portfolio | Janus Henderson VIT Global Technology and Innovation Portfolio | Janus Henderson VIT Overseas Portfolio | JP Morgan Insurance Trust Small Cap Core Portfolio | JP Morgan Insurance Trust Us Equity Portfolio | Lord Abbett Series Developing Growth Portfolio | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 2,761 | $ | 1,372 | $ | - | $ | 1,249 | $ | - | $ | - | $ | - | ||||||||||||||
TOTAL INVESTMENT INCOME | 2,761 | 1,372 | - | 1,249 | - | - | - | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | 240 | 5,453 | 22,072 | 225 | (1 | ) | - | (8,940 | ) | |||||||||||||||||||
Capital gain distributions | 220,657 | 14,225 | 376,943 | - | 2 | 1 | - | |||||||||||||||||||||
Net realized gain (loss) on investments | 220,897 | 19,678 | 399,015 | 225 | 1 | 1 | (8,940 | ) | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (859,044 | ) | (51,451 | ) | (1,459,314 | ) | (8,301 | ) | (4 | ) | (4 | ) | (77,240 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (638,148 | ) | (31,772 | ) | (1,060,299 | ) | (8,076 | ) | (2 | ) | (2 | ) | (86,180 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (635,386 | ) | $ | (30,400 | ) | $ | (1,060,299 | ) | $ | (6,827 | ) | $ | (2 | ) | $ | (2 | ) | $ | (86,180 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
44
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Lord Abbett Series Total Return Portfolio | MFS VIT Growth Series | MFS VIT II International Growth Portfolio | MFS VIT III Blended Research Small Cap Equity Portfolio | MFS VIT III Global Real Estate Portfolio | MFS VIT III Mid Cap Value Portfolio | MFS VIT Mid Cap Growth Series | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 1,913 | $ | - | $ | 12,274 | $ | 90 | $ | 3,290 | $ | 642 | $ | - | ||||||||||||||
TOTAL INVESTMENT INCOME | 1,913 | - | 12,274 | 90 | 3,290 | 642 | - | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (13,949 | ) | (1,792 | ) | (74,078 | ) | 57 | (4,859 | ) | (2,290 | ) | (240,625 | ) | |||||||||||||||
Capital gain distributions | 160 | 1,805 | 116,456 | 2,668 | 14,363 | 5,351 | 72,586 | |||||||||||||||||||||
Net realized gain (loss) on investments | (13,789 | ) | 13 | 42,379 | 2,726 | 9,504 | 3,060 | (168,039 | ) | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (1,933 | ) | (6,573 | ) | (409,274 | ) | (5,387 | ) | (77,982 | ) | (9,787 | ) | (98,719 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (15,722 | ) | (6,560 | ) | (366,895 | ) | (2,661 | ) | (68,478 | ) | (6,726 | ) | (266,758 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (13,809 | ) | $ | (6,560 | ) | $ | (354,621 | ) | $ | (2,572 | ) | $ | (65,188 | ) | $ | (6,085 | ) | $ | (266,758 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
45
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
MFS VIT Research Series | MFS VIT Total Return Bond Series | MFS VIT Value Series | Neuberger Berman AMT Mid Cap Growth Portfolio | Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio | Neuberger Berman AMT Sustainable Equity Portfolio | Pimco VIT Commodity Real Return Strategy Portfolio | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 312 | $ | 80,740 | $ | 18,231 | $ | - | $ | - | $ | 305 | $ | 12,787 | ||||||||||||||
TOTAL INVESTMENT INCOME | 312 | 80,740 | 18,231 | - | - | 305 | 12,787 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (1,719 | ) | (6,089 | ) | 51,329 | 1,278 | 15,025 | 2,557 | 35 | |||||||||||||||||||
Capital gain distributions | 8,139 | 34,026 | 77,702 | 2,158 | - | 6,475 | - | |||||||||||||||||||||
Net realized gain (loss) on investments | 6,420 | 27,938 | 129,031 | 3,435 | 15,025 | 9,032 | 35 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (20,117 | ) | (560,981 | ) | (264,290 | ) | (7,807 | ) | (22,777 | ) | (24,185 | ) | (8,101 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (13,697 | ) | (533,043 | ) | (135,259 | ) | (4,371 | ) | (7,752 | ) | (15,153 | ) | (8,066 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (13,385 | ) | $ | (452,303 | ) | $ | (117,027 | ) | $ | (4,371 | ) | $ | (7,752 | ) | $ | (14,848 | ) | $ | 4,721 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
46
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Pimco VIT Global Bond Opportunities Portfolio (Unhedged) | Pimco VIT High Yield Portfolio | Pimco VIT Low Duration Portfolio | Pimco VIT Real Return Portfolio | Pimco VIT Total Return Portfolio | Pioneer Real Estate Shares VCT Portfolio | Putnam VT Equity Income Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 26,979 | $ | 49,851 | $ | 84,657 | $ | 70,026 | $ | 196,243 | $ | 4,661 | $ | 23,646 | ||||||||||||||
TOTAL INVESTMENT INCOME | 26,979 | 49,851 | 84,657 | 70,026 | 196,243 | 4,661 | 23,646 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (83,090 | ) | (1,473 | ) | (313,946 | ) | 7,833 | (89,675 | ) | (56,298 | ) | 43,815 | ||||||||||||||||
Capital gain distributions | 26,689 | - | - | - | - | 16,985 | 118,323 | |||||||||||||||||||||
Net realized gain (loss) on investments | (56,400 | ) | (1,473 | ) | (313,946 | ) | 7,833 | (89,675 | ) | (39,314 | ) | 162,139 | ||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (195,295 | ) | (159,713 | ) | (194,923 | ) | (211,532 | ) | (1,302,357 | ) | (71,276 | ) | (215,166 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (251,695 | ) | (161,186 | ) | (508,869 | ) | (203,699 | ) | (1,392,031 | ) | (110,589 | ) | (53,028 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (224,717 | ) | $ | (111,335 | ) | $ | (424,212 | ) | $ | (133,674 | ) | $ | (1,195,789 | ) | $ | (105,928 | ) | $ | (29,382 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
47
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Putnam VT Global Asset Allocation Fund | Putnam VT Global Equity Fund | Putnam VT Growth Opportunities Fund | Putnam VT High Yield Fund | Putnam VT Income Fund | Putnam VT International Value Fund | Putnam VT Research Fund | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 214 | $ | 3,387 | $ | - | $ | 6,104 | $ | 3,645 | $ | 14,817 | $ | 5,209 | ||||||||||||||
TOTAL INVESTMENT INCOME | 214 | 3,387 | - | 6,104 | 3,645 | 14,817 | 5,209 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | (465 | ) | (15,202 | ) | (174,314 | ) | (5,878 | ) | (145 | ) | (35,616 | ) | 1,371 | |||||||||||||||
Capital gain distributions | 1,218 | 64,880 | 85,457 | 219 | - | 23,256 | 46,186 | |||||||||||||||||||||
Net realized gain (loss) on investments | 754 | 49,678 | (88,857 | ) | (5,659 | ) | (145 | ) | (12,360 | ) | 47,557 | |||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (3,487 | ) | (91,771 | ) | (140,252 | ) | (15,203 | ) | (13,488 | ) | (57,737 | ) | (172,157 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (2,734 | ) | (42,093 | ) | (229,109 | ) | (20,862 | ) | (13,634 | ) | (70,097 | ) | (124,600 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (2,520 | ) | $ | (38,706 | ) | $ | (229,109 | ) | $ | (14,758 | ) | $ | (9,988 | ) | $ | (55,280 | ) | $ | (119,391 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
48
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Putnam VT Small Cap Value Fund | Putnam VT Sustainable Future Fund | Royce Capital Fund - Small-Cap Portfolio | T. Rowe Price Blue Chip Growth Portfolio Class II | Van Eck VIP Emerging Markets Fund | Van Eck VIP Global Hard Assets Fund | Vanguard VIF Global Bond Index | ||||||||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||||||||||
Dividend income | $ | 18 | $ | - | $ | 52 | $ | - | $ | 118 | $ | 21,512 | $ | 18,357 | ||||||||||||||
TOTAL INVESTMENT INCOME | 18 | - | 52 | - | 118 | 21,512 | 18,357 | |||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||||||||||
Net realized gain (loss) on redemption of investments | 301 | (9,896 | ) | (62 | ) | (981,992 | ) | (210 | ) | 138,266 | (8,394 | ) | ||||||||||||||||
Capital gain distributions | 563 | 57,094 | 1,206 | 116,703 | 8,178 | - | 6,779 | |||||||||||||||||||||
Net realized gain (loss) on investments | 864 | 47,198 | 1,145 | (865,288 | ) | 7,968 | 138,266 | (1,615 | ) | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (1,536 | ) | (146,500 | ) | (8,411 | ) | (603,140 | ) | (21,438 | ) | (22,434 | ) | (123,160 | ) | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (672 | ) | (99,302 | ) | (7,266 | ) | (1,468,428 | ) | (13,470 | ) | 115,831 | (124,775 | ) | |||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (654 | ) | $ | (99,302 | ) | $ | (7,214 | ) | $ | (1,468,428 | ) | $ | (13,352 | ) | $ | 137,343 | $ | (106,419 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
49
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||
Vanguard VIF Total Bond Market Index | Victory RS Small Cap Growth Equity VIP | |||||||
INVESTMENT INCOME: | ||||||||
Dividend income | $ | 33,452 | $ | - | ||||
TOTAL INVESTMENT INCOME | 33,452 | - | ||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||
Net realized gain (loss) on redemption of investments | (8,710 | ) | (5,881 | ) | ||||
Capital gain distributions | 11,870 | 4 | ||||||
Net realized gain (loss) on investments | 3,160 | (5,876 | ) | |||||
Change in net unrealized appreciation (depreciation) on investments | (252,196 | ) | 1,661 | |||||
Net realized and unrealized gain (loss) on investments | (249,036 | ) | (4,216 | ) | ||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (215,584 | ) | $ | (4,216 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Concluded)
See accompanying notes to financial statements.
50
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Alger Small Cap Growth Portfolio | American Century Investments VP Capital Appreciation Fund | American Century Investments VP Inflation Protection Fund | American Century Investments VP International Fund | American Century Investments VP Mid Cap Value Fund | American Century Investments VP Ultra Fund | American Century Investments VP Value Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | - | $ | - | $ | 179,799 | $ | 629 | $ | 36,645 | $ | - | $ | 22,928 | ||||||||||||||
Net realized gain (loss) on investments | 93,583 | 56,356 | 17,463 | 6,684 | 353,743 | 18,902 | 310,834 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (307,956 | ) | (208,534 | ) | (694,948 | ) | (21,037 | ) | (409,163 | ) | (101,325 | ) | (301,177 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (214,373 | ) | (152,178 | ) | (497,686 | ) | (13,724 | ) | (18,775 | ) | (82,423 | ) | 32,585 | |||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | - | 47,012 | - | - | 47,311 | 12 | 159,188 | |||||||||||||||||||||
Policy maintenance charges | (4,339 | ) | (6,872 | ) | (52,948 | ) | (644 | ) | (28,044 | ) | (5,075 | ) | (15,619 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | - | - | (669,849 | ) | ||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (241,220 | ) | 2,059 | 418,015 | (12,940 | ) | (163,458 | ) | 13,952 | (112,923 | ) | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (245,559 | ) | 42,199 | 365,067 | (13,584 | ) | (144,191 | ) | 8,889 | (639,203 | ) | |||||||||||||||||
Total increase (decrease) in net assets | (459,932 | ) | (109,979 | ) | (132,619 | ) | (27,308 | ) | (162,966 | ) | (73,534 | ) | (606,618 | ) | ||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 849,496 | 532,357 | 3,680,649 | 70,645 | 1,689,190 | 240,658 | 1,544,031 | |||||||||||||||||||||
End of period | $ | 389,563 | $ | 422,378 | $ | 3,548,030 | $ | 43,337 | $ | 1,526,224 | $ | 167,122 | $ | 937,414 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 500 | 2,253 | 35,684 | 654 | 38,237 | 260 | 3,276 | |||||||||||||||||||||
Units redeemed | (1,158 | ) | (312 | ) | (4,448 | ) | (1,260 | ) | (47,755 | ) | (175 | ) | (12,883 | ) | ||||||||||||||
Net increase (decrease) | (657 | ) | 1,941 | 31,236 | (606 | ) | (9,519 | ) | 85 | (9,608 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
51
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
American Fund Is Growth and Income Fund | American Funds IS Global Small Capitalization Fund | American Funds IS Growth Fund | American Funds IS International Fund | American Funds IS New World Fund | Blackrock 60/40 Target Allocation ETF VI Fund | Blackrock Global Allocation VI Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 4 | $ | - | $ | 10,309 | $ | 28,493 | $ | 19,079 | $ | - | $ | - | ||||||||||||||
Net realized gain (loss) on investments | 34 | 20,050 | 571,858 | 120,628 | 136,395 | - | (51,063 | ) | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (98 | ) | (42,704 | ) | (1,857,720 | ) | (630,074 | ) | (549,776 | ) | (2 | ) | (421,876 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (60 | ) | (22,654 | ) | (1,275,553 | ) | (480,953 | ) | (394,302 | ) | (2 | ) | (472,939 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 12 | 576 | 70,512 | 251,307 | 69,221 | 12 | 455,262 | |||||||||||||||||||||
Policy maintenance charges | (36 | ) | (1,576 | ) | (40,257 | ) | (31,046 | ) | (16,405 | ) | (1 | ) | (51,087 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | (166,843 | ) | (698,883 | ) | (14,676 | ) | - | (369,577 | ) | |||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | - | 15,545 | (59,969 | ) | (86,202 | ) | 8,029 | - | (41,229 | ) | ||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (24 | ) | 14,545 | (196,557 | ) | (564,824 | ) | 46,169 | 11 | (6,631 | ) | |||||||||||||||||
Total increase (decrease) in net assets | (84 | ) | (8,109 | ) | (1,472,110 | ) | (1,045,777 | ) | (348,133 | ) | 9 | (479,570 | ) | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 374 | 64,480 | 4,368,255 | 2,593,358 | 1,722,004 | 12 | 2,982,724 | |||||||||||||||||||||
End of period | $ | 290 | $ | 56,372 | $ | 2,896,145 | $ | 1,547,581 | $ | 1,373,871 | $ | 20 | $ | 2,503,155 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 1 | 676 | 12,337 | 17,928 | 5,528 | 1 | 29,168 | |||||||||||||||||||||
Units redeemed | (2 | ) | (81 | ) | (16,294 | ) | (54,896 | ) | (4,264 | ) | - | (29,637 | ) | |||||||||||||||
Net increase (decrease) | (2 | ) | 595 | (3,957 | ) | (36,967 | ) | 1,264 | 1 | (468 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
52
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Blackrock High Yield VI Fund | BNY Mellon Stock Index Portfolio | Clearbridge Variable Mid Cap Portfolio | Clearbridge Variable Small Cap Growth Portfolio | Columbia Variable Portfolio - Small Cap Value Fund | Davis Financial Portfolio | Davis Value Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 36,507 | $ | 347,842 | $ | 414 | $ | - | $ | 140 | $ | 6,163 | $ | 1,773 | ||||||||||||||
Net realized gain (loss) on investments | (4,717 | ) | 4,028,148 | 7,437 | (195,659 | ) | 90,597 | 4,604 | 30,784 | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (105,086 | ) | (9,829,538 | ) | (43,888 | ) | 35,094 | (107,185 | ) | (40,866 | ) | (65,054 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | (73,296 | ) | (5,453,548 | ) | (36,037 | ) | (160,565 | ) | (16,448 | ) | (30,099 | ) | (32,497 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 91,062 | 1,121,875 | 28,975 | 33,072 | - | 68,760 | - | |||||||||||||||||||||
Policy maintenance charges | (11,811 | ) | (319,398 | ) | (1,956 | ) | (7,874 | ) | (1,952 | ) | (4,075 | ) | (2,364 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | (74,817 | ) | (1,572,493 | ) | - | - | - | - | - | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 206,371 | (557,791 | ) | (1,874 | ) | 51,795 | (145,977 | ) | 11,379 | - | ||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 210,805 | (1,327,807 | ) | 25,145 | 76,993 | (147,929 | ) | 76,064 | (2,364 | ) | ||||||||||||||||||
Total increase (decrease) in net assets | 137,509 | (6,781,355 | ) | (10,892 | ) | (83,572 | ) | (164,377 | ) | 45,965 | (34,861 | ) | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 555,359 | 31,356,308 | 123,100 | 492,087 | 280,737 | 275,463 | 161,996 | |||||||||||||||||||||
End of period | $ | 692,868 | $ | 24,574,953 | $ | 112,207 | $ | 408,515 | $ | 116,359 | $ | 321,428 | $ | 127,135 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 26,025 | 123,414 | 1,489 | 20,696 | 6,914 | 3,329 | - | |||||||||||||||||||||
Units redeemed | (7,687 | ) | (150,524 | ) | (235 | ) | (17,945 | ) | (10,240 | ) | (1,082 | ) | (75 | ) | ||||||||||||||
Net increase (decrease) | 18,338 | (27,110 | ) | 1,254 | 2,752 | (3,327 | ) | 2,247 | (75 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
53
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Delaware VIP International Series | Delaware VIP Small Cap Value Series | DFA VIT Inflation- Protected Securities | DWS Core Equity VIP | DWS Croci® U.S. VIP | DWS High Income VIP | DWS Small Cap Index VIP | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 784 | $ | 2,729 | $ | 13,212 | $ | - | $ | - | $ | 11,178 | $ | 76,097 | ||||||||||||||
Net realized gain (loss) on investments | (3,089 | ) | 94,995 | (7,337 | ) | 1 | - | (695 | ) | 1,417,295 | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (19,741 | ) | (194,560 | ) | (15,604 | ) | (3 | ) | - | (30,789 | ) | (3,590,144 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | (22,046 | ) | (96,836 | ) | (9,729 | ) | (2 | ) | - | (20,306 | ) | (2,096,752 | ) | |||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 4,927 | 86,853 | - | 12 | - | 16,000 | 212,324 | |||||||||||||||||||||
Policy maintenance charges | (2,173 | ) | (9,619 | ) | (1,144 | ) | (1 | ) | - | (5,434 | ) | (119,688 | ) | |||||||||||||||
Transfers for Policy benefits and terminations | (116,441 | ) | (172,434 | ) | - | - | - | - | (481,514 | ) | ||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 3,793 | 14,574 | 167,979 | - | (1 | ) | 7,646 | (211,030 | ) | |||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (109,894 | ) | (80,626 | ) | 166,835 | 11 | (1 | ) | 18,212 | (599,908 | ) | |||||||||||||||||
Total increase (decrease) in net assets | (131,940 | ) | (177,462 | ) | 157,106 | 9 | (1 | ) | (2,094 | ) | (2,696,660 | ) | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 191,478 | 699,839 | - | 12 | 1 | 232,619 | 10,325,813 | |||||||||||||||||||||
End of period | $ | 59,537 | $ | 522,378 | $ | 157,107 | $ | 20 | $ | - | $ | 230,525 | $ | 7,629,153 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 1,049 | 23,372 | 35,879 | - | - | 1,193 | 23,280 | |||||||||||||||||||||
Units redeemed | (12,029 | ) | (28,593 | ) | (18,852 | ) | - | - | (303 | ) | (42,450 | ) | ||||||||||||||||
Net increase (decrease) | (10,980 | ) | (5,221 | ) | 17,027 | - | - | 890 | (19,170 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
54
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
DWS Small Mid Cap Value VIP | Eaton Vance VT Floating- Rate Income Fund | Empower Aggressive Profile Fund | Empower Ariel Mid Cap Value Fund | Empower Bond Index Fund | Empower Conservative Profile Fund | Empower Core Bond Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 11,757 | $ | 63,310 | $ | 9,026 | $ | 9,293 | $ | 39,598 | $ | 15,971 | $ | 6,538 | ||||||||||||||
Net realized gain (loss) on investments | 25,055 | (4,480 | ) | 30,045 | 43,761 | (53,239 | ) | 29,665 | (300,646 | ) | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (282,514 | ) | (98,605 | ) | (168,265 | ) | (79,886 | ) | (514,297 | ) | (116,988 | ) | (50,892 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (245,702 | ) | (39,775 | ) | (129,194 | ) | (26,832 | ) | (527,938 | ) | (71,352 | ) | (345,000 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 8,979 | 235,082 | 16,070 | 12 | 64,524 | 13,276 | 12,270 | |||||||||||||||||||||
Policy maintenance charges | (15,290 | ) | (26,242 | ) | (12,260 | ) | (2,759 | ) | (39,337 | ) | (32,839 | ) | (12,387 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | (191,489 | ) | - | - | - | (50,714 | ) | - | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 23,114 | 27 | 8,000 | (11,149 | ) | 163,184 | 488,694 | (2,276,843 | ) | |||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 16,803 | 17,378 | 11,810 | (13,896 | ) | 188,371 | 418,417 | (2,276,960 | ) | |||||||||||||||||||
Total increase (decrease) in net assets | (228,899 | ) | (22,397 | ) | (117,384 | ) | (40,728 | ) | (339,567 | ) | 347,065 | (2,621,960 | ) | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 1,563,682 | 1,405,000 | 673,336 | 218,996 | 3,792,892 | 787,127 | 2,744,464 | |||||||||||||||||||||
End of period | $ | 1,334,783 | $ | 1,382,602 | $ | 555,952 | $ | 178,267 | $ | 3,453,324 | $ | 1,134,192 | $ | 122,505 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 2,339 | 19,257 | 33,233 | 30 | 75,826 | 47,531 | 158,569 | |||||||||||||||||||||
Units redeemed | (1,720 | ) | (17,889 | ) | (34,288 | ) | (216 | ) | (62,903 | ) | (11,099 | ) | (314,220 | ) | ||||||||||||||
Net increase (decrease) | 619 | 1,368 | (1,055 | ) | (186 | ) | 12,923 | 36,432 | (155,651 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
55
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Emerging Markets Equity Fund | Empower Global Bond Fund | Empower Government Money Market Fund | Empower Inflation- Protected Securities Fund | Empower International Index Fund | Empower International Value Fund | Empower Large Cap Growth Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 835 | $ | 11,625 | $ | 389,273 | $ | 1 | $ | 79,995 | $ | 79,820 | $ | 1,647 | ||||||||||||||
Net realized gain (loss) on investments | (41,204 | ) | (34,890 | ) | - | (13,098 | ) | (25,904 | ) | 82,972 | (83,102 | ) | ||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | 4,046 | (225,017 | ) | - | (14,674 | ) | (820,026 | ) | (1,311,369 | ) | (23,442 | ) | ||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (36,323 | ) | (248,282 | ) | 389,273 | (27,771 | ) | (765,935 | ) | (1,148,577 | ) | (104,897 | ) | |||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 37,778 | 68,613 | 1,726,878 | 12 | 343,201 | 62,383 | 118,920 | |||||||||||||||||||||
Policy maintenance charges | (2,130 | ) | (15,823 | ) | (492,304 | ) | (3,836 | ) | (62,817 | ) | (82,524 | ) | (5,763 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | (954,749 | ) | (837,715 | ) | (187,752 | ) | - | - | ||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (102,615 | ) | 195,759 | 11,488,820 | - | 99,662 | (31,729 | ) | 78,795 | |||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (66,967 | ) | 248,549 | 11,768,645 | (841,539 | ) | 192,294 | (51,870 | ) | 191,952 | ||||||||||||||||||
Total increase (decrease) in net assets | (103,290 | ) | 267 | 12,157,918 | (869,310 | ) | (573,641 | ) | (1,200,447 | ) | 87,055 | |||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 164,099 | 1,385,642 | 20,623,292 | 869,330 | 5,104,860 | 7,603,476 | 341,087 | |||||||||||||||||||||
End of period | $ | 60,808 | $ | 1,385,910 | $ | 32,781,210 | $ | 20 | $ | 4,531,218 | $ | 6,403,030 | $ | 428,143 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 7,486 | 32,270 | 2,091,215 | 1 | 50,030 | 32,833 | 10,053 | |||||||||||||||||||||
Units redeemed | (14,972 | ) | (15,917 | ) | (1,221,082 | ) | (72,845 | ) | (37,001 | ) | (35,996 | ) | (7,110 | ) | ||||||||||||||
Net increase (decrease) | (7,485 | ) | 16,353 | 870,134 | (72,844 | ) | 13,029 | (3,163 | ) | 2,943 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
56
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Large Cap Value Fund Investor II Class Fund | Empower Lifetime 2015 Fund | Empower Lifetime 2020 Fund | Empower Lifetime 2025 Fund | Empower Lifetime 2030 Fund | Empower Lifetime 2035 Fund | Empower Lifetime 2040 Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 42,781 | $ | 11,261 | $ | 13,503 | $ | 128,288 | $ | 54,269 | $ | 32,877 | $ | 29,828 | ||||||||||||||
Net realized gain (loss) on investments | 214,386 | (48,281 | ) | 36,512 | 423,594 | 142,264 | 126,677 | 132,713 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (354,303 | ) | (139,598 | ) | (143,659 | ) | (1,470,455 | ) | (645,015 | ) | (498,223 | ) | (458,888 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (97,136 | ) | (176,618 | ) | (93,644 | ) | (918,573 | ) | (448,482 | ) | (338,669 | ) | (296,347 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 6,776 | 98,621 | 22,608 | 771,551 | 529,982 | 330,257 | 92,031 | |||||||||||||||||||||
Policy maintenance charges | (28,615 | ) | (10,675 | ) | (13,896 | ) | (69,097 | ) | (32,559 | ) | (46,730 | ) | (18,617 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | - | - | - | |||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (247,254 | ) | (549,983 | ) | 2,728 | 2,115,896 | (151,928 | ) | 149,498 | 207,449 | ||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (269,093 | ) | (462,037 | ) | 11,440 | 2,818,350 | 345,495 | 433,025 | 280,863 | |||||||||||||||||||
Total increase (decrease) in net assets | (366,229 | ) | (638,655 | ) | (82,204 | ) | 1,899,777 | (102,987 | ) | 94,356 | (15,484 | ) | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 2,804,341 | 1,204,392 | 722,392 | 5,724,302 | 2,942,342 | 2,074,333 | 1,725,292 | |||||||||||||||||||||
End of period | $ | 2,438,111 | $ | 565,736 | $ | 640,187 | $ | 7,624,081 | $ | 2,839,355 | $ | 2,168,690 | $ | 1,709,807 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 5,715 | 54,306 | 1,803 | 245,890 | 44,727 | 35,010 | 20,285 | |||||||||||||||||||||
Units redeemed | (25,703 | ) | (90,732 | ) | (980 | ) | (56,517 | ) | (22,625 | ) | (7,689 | ) | (3,495 | ) | ||||||||||||||
Net increase (decrease) | (19,989 | ) | (36,426 | ) | 824 | 189,373 | 22,102 | 27,322 | 16,790 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
57
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Lifetime 2045 Fund | Empower Lifetime 2050 Fund | Empower Lifetime 2055 Fund | Empower Lifetime 2060 Fund | Empower Mid Cap Value Fund | Empower Moderate Profile Fund | Empower Moderately Aggressive Profile Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 12,671 | $ | 7,691 | $ | 5,381 | $ | - | $ | 2,130 | $ | 3,370 | $ | 1,519 | ||||||||||||||
Net realized gain (loss) on investments | 46,218 | 32,593 | 32,983 | 1 | 4,028 | (14,652 | ) | (14,697 | ) | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (257,064 | ) | (123,044 | ) | (114,837 | ) | (3 | ) | (51,633 | ) | (29,744 | ) | (16,063 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (198,175 | ) | (82,760 | ) | (76,473 | ) | (2 | ) | (45,475 | ) | (41,026 | ) | (29,241 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 131,696 | 6,532 | 12,467 | 12 | 98,784 | 12 | 460 | |||||||||||||||||||||
Policy maintenance charges | (20,295 | ) | (6,221 | ) | (6,975 | ) | (1 | ) | (5,545 | ) | (3,423 | ) | (2,159 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | - | - | - | |||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (96,944 | ) | 59,012 | 192,688 | - | (867 | ) | 110,475 | 96,823 | |||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 14,457 | 59,323 | 198,180 | 11 | 92,372 | 107,064 | 95,124 | |||||||||||||||||||||
Total increase (decrease) in net assets | (183,718 | ) | (23,437 | ) | 121,707 | 9 | 46,897 | 66,038 | 65,883 | |||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 1,058,100 | 487,347 | 434,738 | 12 | 344,866 | 92,501 | 30,269 | |||||||||||||||||||||
End of period | $ | 874,382 | $ | 463,910 | $ | 556,445 | $ | 20 | $ | 391,762 | $ | 158,539 | $ | 96,152 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 15,672 | 6,288 | 18,254 | 1 | 6,037 | 36,506 | 28,143 | |||||||||||||||||||||
Units redeemed | (16,036 | ) | (2,600 | ) | (5,861 | ) | - | (565 | ) | (30,584 | ) | (22,972 | ) | |||||||||||||||
Net increase (decrease) | (364 | ) | 3,688 | 12,393 | 1 | 5,473 | 5,922 | 5,171 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
58
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Moderately Conservative Profile Fund | Empower Multi- Sector Bond Fund | Empower Real Estate Index Fund | Empower S&P Mid Cap 400® Index Fund | Empower S&P Small Cap 600® Index Fund | Empower Short Duration Bond Fund | Empower Small Cap Growth Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 35,788 | $ | 5,805 | $ | 30,379 | $ | 40,922 | $ | 4,467 | $ | 57,870 | $ | - | ||||||||||||||
Net realized gain (loss) on investments | 115,296 | (795 | ) | 116,484 | 531,519 | (30,006 | ) | (141,612 | ) | - | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (398,471 | ) | (36,990 | ) | (709,499 | ) | (2,124,244 | ) | (132,659 | ) | (209,399 | ) | (3 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (247,387 | ) | (31,980 | ) | (562,636 | ) | (1,551,803 | ) | (158,198 | ) | (293,141 | ) | (3 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 615,055 | 12 | 282,158 | 354,614 | 141,738 | 74,771 | 12 | |||||||||||||||||||||
Policy maintenance charges | (36,861 | ) | (4,339 | ) | (28,608 | ) | (115,891 | ) | (11,946 | ) | (51,159 | ) | (1 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | (186,472 | ) | - | - | - | - | ||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 92,979 | (8,774 | ) | 147,270 | (1,199,296 | ) | 8,017 | (2,949,502 | ) | - | ||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 671,173 | (13,101 | ) | 214,348 | (960,573 | ) | 137,809 | (2,925,890 | ) | 11 | ||||||||||||||||||
Total increase (decrease) in net assets | 423,786 | (45,081 | ) | (348,288 | ) | (2,512,376 | ) | (20,389 | ) | (3,219,031 | ) | 8 | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 2,093,956 | 280,727 | 1,899,218 | 11,622,097 | 886,028 | 6,603,074 | 12 | |||||||||||||||||||||
End of period | $ | 2,517,740 | $ | 235,646 | $ | 1,550,931 | $ | 9,109,722 | $ | 865,638 | $ | 3,384,043 | $ | 19 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 77,398 | 209 | 32,414 | 67,055 | 29,781 | 207,149 | 1 | |||||||||||||||||||||
Units redeemed | (24,671 | ) | (524 | ) | (21,755 | ) | (106,959 | ) | (23,306 | ) | (404,556 | ) | - | |||||||||||||||
Net increase (decrease) | 52,727 | (315 | ) | 10,658 | (39,904 | ) | 6,476 | (197,408 | ) | 1 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
59
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Empower Small Cap Value Fund | Empower T. Rowe Price Mid Cap Growth Fund | Empower U.S. Government Securities Fund | Federated Hermes High Income Bond Fund II | Federated Hermes Kaufmann Fund II | Fidelity VIP Contrafund Portfolio | Fidelity VIP Emerging Markets Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 616 | $ | 468 | $ | 12,149 | $ | 8,950 | $ | - | $ | 3,871 | $ | 25,625 | ||||||||||||||
Net realized gain (loss) on investments | 51,443 | 240,125 | (318,595 | ) | (700 | ) | 17,953 | 117,194 | (87,661 | ) | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (173,892 | ) | (833,626 | ) | (59,623 | ) | (29,134 | ) | (81,169 | ) | (574,706 | ) | (329,694 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (121,833 | ) | (593,033 | ) | (366,069 | ) | (20,884 | ) | (63,216 | ) | (453,641 | ) | (391,730 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 13,276 | 103,876 | 12 | 12 | - | 117,500 | 318,687 | |||||||||||||||||||||
Policy maintenance charges | (12,055 | ) | (28,519 | ) | (21,872 | ) | (4,193 | ) | (2,454 | ) | (20,365 | ) | (31,982 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | (626,228 | ) | - | - | - | (259,146 | ) | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (64,723 | ) | (289,857 | ) | (2,246,186 | ) | 21,451 | 26,749 | (81,858 | ) | 5,529 | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (63,502 | ) | (214,500 | ) | (2,894,274 | ) | 17,270 | 24,295 | 15,277 | 33,088 | ||||||||||||||||||
Total increase (decrease) in net assets | (185,335 | ) | (807,533 | ) | (3,260,343 | ) | (3,614 | ) | (38,921 | ) | (438,364 | ) | (358,642 | ) | ||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 1,214,861 | 2,859,804 | 3,859,197 | 157,828 | 200,811 | 1,766,128 | 1,970,148 | |||||||||||||||||||||
End of period | $ | 1,029,525 | $ | 2,052,270 | $ | 598,855 | $ | 154,212 | $ | 161,889 | $ | 1,327,763 | $ | 1,611,505 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 410 | 7,820 | 104,005 | 576 | 784 | 3,173 | 26,423 | |||||||||||||||||||||
Units redeemed | (1,605 | ) | (10,361 | ) | (234,560 | ) | (123 | ) | (131 | ) | (2,613 | ) | (22,526 | ) | ||||||||||||||
Net increase (decrease) | (1,196 | ) | (2,540 | ) | (130,554 | ) | 453 | 653 | 561 | 3,898 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
60
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Fidelity VIP Growth Portfolio | Fidelity VIP Index 500 Portfolio | Fidelity VIP Investment Grade Bond Portfolio | Fidelity VIP Mid Cap Portfolio | Goldman Sachs VIT Mid Cap Value Fund | Goldman Sachs VIT Multi- Strategy Alternatives Portfolio | Invesco Oppenheimer V.I. Main Street Small Cap Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 121 | $ | 85,532 | $ | 3,758 | $ | 880 | $ | 634 | $ | 190 | $ | 2,777 | ||||||||||||||
Net realized gain (loss) on investments | 2,404 | (42,308 | ) | 9,053 | 37,261 | 13,900 | (48 | ) | 24,422 | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (13,917 | ) | (1,281,015 | ) | (41,289 | ) | (97,672 | ) | (24,099 | ) | (779 | ) | (126,410 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (11,392 | ) | (1,237,791 | ) | (28,478 | ) | (59,531 | ) | (9,565 | ) | (637 | ) | (99,211 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | - | 956,025 | - | 28,427 | - | - | 38,777 | |||||||||||||||||||||
Policy maintenance charges | (1,293 | ) | (105,849 | ) | (2,595 | ) | (3,240 | ) | (1,330 | ) | (417 | ) | (12,466 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | (776,547 | ) | - | - | - | - | - | ||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (5,816 | ) | 813,555 | (78,459 | ) | (63,996 | ) | 2,302 | (2,352 | ) | 1,912 | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (7,109 | ) | 887,184 | (81,054 | ) | (38,809 | ) | 972 | (2,769 | ) | 28,223 | |||||||||||||||||
Total increase (decrease) in net assets | (18,501 | ) | (350,607 | ) | (109,532 | ) | (98,340 | ) | (8,593 | ) | (3,406 | ) | (70,988 | ) | ||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 52,758 | 5,988,413 | 282,198 | 405,930 | 97,626 | 8,951 | 586,190 | |||||||||||||||||||||
End of period | $ | 34,257 | $ | 5,637,805 | $ | 172,667 | $ | 307,591 | $ | 89,032 | $ | 5,545 | $ | 515,203 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 72 | 182,458 | 299 | 975 | 107 | - | 9,680 | |||||||||||||||||||||
Units redeemed | (206 | ) | (103,556 | ) | (3,564 | ) | (1,492 | ) | (57 | ) | (248 | ) | (8,446 | ) | ||||||||||||||
Net increase (decrease) | (133 | ) | 78,902 | (3,265 | ) | (517 | ) | 50 | (248 | ) | 1,234 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
61
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Invesco V.I. Core Equity Fund | Invesco V.I. Global Real Estate Fund | Invesco V.I. Health Care Fund | Invesco V.I. International Growth Fund | Invesco V.I. Mid Cap Core Equity Fund | Janus Henderson VIT Balanced Portfolio | Janus Henderson VIT Enterprise Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 163 | $ | 31,232 | $ | - | $ | 46,963 | $ | - | $ | 35,594 | $ | 1,029 | ||||||||||||||
Net realized gain (loss) on investments | 3,233 | 8,378 | 5,288 | 282,836 | 49,264 | 167,360 | 71,798 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (7,582 | ) | (345,182 | ) | (11,581 | ) | (908,296 | ) | (57,192 | ) | (716,342 | ) | (181,882 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (4,186 | ) | (305,572 | ) | (6,293 | ) | (578,497 | ) | (7,928 | ) | (513,388 | ) | (109,055 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | - | 12 | - | 12 | - | 228,544 | 5,449 | |||||||||||||||||||||
Policy maintenance charges | (240 | ) | (11,351 | ) | (521 | ) | (31,647 | ) | (464 | ) | (40,204 | ) | (11,674 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | (122,277 | ) | - | - | - | (36,438 | ) | - | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (5,632 | ) | 77,397 | (1,083 | ) | (53,863 | ) | (506,154 | ) | 66,463 | (7,510 | ) | ||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (5,872 | ) | (56,219 | ) | (1,604 | ) | (85,498 | ) | (506,618 | ) | 218,365 | (13,735 | ) | |||||||||||||||
Total increase (decrease) in net assets | (10,058 | ) | (361,791 | ) | (7,897 | ) | (663,995 | ) | (514,546 | ) | (295,023 | ) | (122,790 | ) | ||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 26,365 | 1,363,976 | 46,528 | 3,201,102 | 514,547 | 3,081,773 | 725,242 | |||||||||||||||||||||
End of period | $ | 16,307 | $ | 1,002,184 | $ | 38,630 | $ | 2,537,106 | $ | 1 | $ | 2,786,750 | $ | 602,453 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 51 | 3,376 | - | 12,273 | - | 18,738 | 7,454 | |||||||||||||||||||||
Units redeemed | (197 | ) | (3,952 | ) | (38 | ) | (16,310 | ) | (13,540 | ) | (13,782 | ) | (7,843 | ) | ||||||||||||||
Net increase (decrease) | (146 | ) | (577 | ) | (38 | ) | (4,037 | ) | (13,540 | ) | 4,956 | (389 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
62
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Janus Henderson VIT Flexible Bond Portfolio | Janus Henderson VIT Forty Portfolio | Janus Henderson VIT Global Research Portfolio | Janus Henderson VIT Global Technology and Innovation Portfolio | Janus Henderson VIT Overseas Portfolio | JP Morgan Insurance Trust Small Cap Core Portfolio | JP Morgan Insurance Trust U.S. Equity Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 62,927 | $ | 2,761 | $ | 1,372 | $ | - | $ | 1,249 | $ | - | $ | - | ||||||||||||||
Net realized gain (loss) on investments | (66,988 | ) | 220,897 | 19,678 | 399,015 | 225 | 1 | 1 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (395,699 | ) | (859,044 | ) | (51,451 | ) | (1,459,314 | ) | (8,301 | ) | (4 | ) | (4 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (399,760 | ) | (635,386 | ) | (30,401 | ) | (1,060,299 | ) | (6,827 | ) | (3 | ) | (3 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 12 | 100,169 | - | 284,772 | - | 12 | 12 | |||||||||||||||||||||
Policy maintenance charges | (44,506 | ) | (18,962 | ) | (1,789 | ) | (27,603 | ) | (1,220 | ) | (1 | ) | (2 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | - | - | - | |||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (62,040 | ) | (6,448 | ) | (14,888 | ) | (487,489 | ) | - | 11 | - | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (106,534 | ) | 74,759 | (16,677 | ) | (230,320 | ) | (1,220 | ) | 22 | 10 | |||||||||||||||||
Total increase (decrease) in net assets | (506,294 | ) | (560,627 | ) | (47,078 | ) | (1,290,619 | ) | (8,047 | ) | 19 | 7 | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 2,936,120 | 1,822,656 | 171,054 | 2,989,113 | 78,929 | 1 | 12 | |||||||||||||||||||||
End of period | $ | 2,429,826 | $ | 1,262,028 | $ | 123,976 | $ | 1,698,495 | $ | 70,883 | $ | 20 | $ | 20 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 32,970 | 1,983 | 238 | 5,994 | - | 1 | 1 | |||||||||||||||||||||
Units redeemed | (36,829 | ) | (1,267 | ) | (966 | ) | (8,701 | ) | (33 | ) | - | - | ||||||||||||||||
Net increase (decrease) | (3,858 | ) | 716 | (728 | ) | (2,707 | ) | (33 | ) | 1 | 1 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
63
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Lord Abbett Series Developing Growth Portfolio | Lord Abbett Series Total Return Portfolio | MFS VIT Growth Series | MFS VIT II International Growth Portfolio | MFS VIT III Blended Research Small Cap Equity Portfolio | MFS VIT III Global Real Estate Portfolio | MFS VIT III Mid Cap Value Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | - | $ | 1,913 | $ | - | $ | 12,274 | $ | 90 | $ | 3,290 | $ | 642 | ||||||||||||||
Net realized gain (loss) on investments | (8,940 | ) | (13,789 | ) | 13 | 42,379 | 2,726 | 9,504 | 3,060 | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (77,240 | ) | (1,933 | ) | (6,573 | ) | (409,274 | ) | (5,387 | ) | (77,982 | ) | (9,787 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (86,180 | ) | (13,809 | ) | (6,560 | ) | (354,621 | ) | (2,571 | ) | (65,188 | ) | (6,085 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | - | 1,850 | 12 | 299,469 | 12 | 60,409 | 2,274 | |||||||||||||||||||||
Policy maintenance charges | (2,433 | ) | (1,416 | ) | (769 | ) | (34,418 | ) | (606 | ) | (3,567 | ) | (1,505 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | (184,473 | ) | - | - | - | ||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (27,494 | ) | 46,883 | (5,816 | ) | (22,388 | ) | (2,215 | ) | 4,611 | 12,454 | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (29,927 | ) | 47,317 | (6,573 | ) | 58,190 | (2,809 | ) | 61,453 | 13,223 | ||||||||||||||||||
Total increase (decrease) in net assets | (116,107 | ) | 33,508 | (13,133 | ) | (296,431 | ) | (5,380 | ) | (3,735 | ) | 7,138 | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 241,797 | 20,443 | 21,087 | 2,305,339 | 14,073 | 232,026 | 53,819 | |||||||||||||||||||||
End of period | $ | 125,691 | $ | 53,950 | $ | 7,954 | $ | 2,008,907 | $ | 8,692 | $ | 228,291 | $ | 60,957 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | - | 32,476 | 1 | 56,904 | 1 | 5,730 | 3,225 | |||||||||||||||||||||
Units redeemed | (1,766 | ) | (28,872 | ) | (434 | ) | (52,738 | ) | (195 | ) | (1,159 | ) | (2,475 | ) | ||||||||||||||
Net increase (decrease) | (1,766 | ) | 3,604 | (434 | ) | 4,166 | (194 | ) | 4,571 | 750 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
64
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
MFS VIT Mid Cap Growth Series | MFS VIT Research Series | MFS VIT Total Return Bond Series | MFS VIT Value Series | Neuberger Berman AMT Mid Cap Growth Portfolio | Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio | Neuberger Berman AMT Sustainable Equity Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | - | $ | 312 | $ | 80,740 | $ | 18,231 | $ | - | $ | - | $ | 305 | ||||||||||||||
Net realized gain (loss) on investments | (168,039 | ) | 6,420 | 27,938 | 129,031 | 3,435 | 15,025 | 9,032 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (98,719 | ) | (20,117 | ) | (560,981 | ) | (264,290 | ) | (7,807 | ) | (22,777 | ) | (24,185 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (266,758 | ) | (13,385 | ) | (452,303 | ) | (117,028 | ) | (4,372 | ) | (7,752 | ) | (14,848 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 216,857 | 12 | 513 | 79,222 | - | - | 12 | |||||||||||||||||||||
Policy maintenance charges | (10,275 | ) | (3,131 | ) | (65,015 | ) | (17,805 | ) | (159 | ) | (297 | ) | (1,604 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | - | (70,158 | ) | - | ||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (428,950 | ) | (23,830 | ) | (157 | ) | (263,947 | ) | (2,248 | ) | - | 4,179 | ||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (222,368 | ) | (26,949 | ) | (64,659 | ) | (202,530 | ) | (2,407 | ) | (70,455 | ) | 2,587 | |||||||||||||||
Total increase (decrease) in net assets | (489,126 | ) | (40,334 | ) | (516,962 | ) | (319,558 | ) | (6,779 | ) | (78,207 | ) | (12,261 | ) | ||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 954,065 | 75,992 | 3,265,583 | 1,547,909 | 17,663 | 78,208 | 88,051 | |||||||||||||||||||||
End of period | $ | 464,939 | $ | 35,658 | $ | 2,748,621 | $ | 1,228,352 | $ | 10,885 | $ | 1 | $ | 75,790 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 14,801 | 1 | 589 | 24,610 | 58 | - | 263 | |||||||||||||||||||||
Units redeemed | (26,772 | ) | (1,360 | ) | (6,577 | ) | (36,857 | ) | (109 | ) | (2,343 | ) | (180 | ) | ||||||||||||||
Net increase (decrease) | (11,971 | ) | (1,359 | ) | (5,988 | ) | (12,246 | ) | (50 | ) | (2,343 | ) | 84 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
65
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Pimco VIT Commodity Real Return Strategy Portfolio | Pimco VIT Global Bond Opportunities Portfolio (Unhedged) | Pimco VIT High Yield Portfolio | Pimco VIT Low Duration Portfolio | Pimco VIT Real Return Portfolio | Pimco VIT Total Return Portfolio | Pioneer Real Estate Shares VCT Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 12,787 | $ | 26,979 | $ | 49,851 | $ | 84,657 | $ | 70,026 | $ | 196,243 | $ | 4,661 | ||||||||||||||
Net realized gain (loss) on investments | 35 | (56,400 | ) | (1,473 | ) | (313,946 | ) | 7,833 | (89,675 | ) | (39,314 | ) | ||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (8,101 | ) | (195,295 | ) | (159,713 | ) | (194,923 | ) | (211,532 | ) | (1,302,357 | ) | (71,276 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | 4,721 | (224,716 | ) | (111,335 | ) | (424,212 | ) | (133,673 | ) | (1,195,789 | ) | (105,929 | ) | |||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 15,320 | 318,687 | 177,999 | 91,062 | 92,009 | 656,098 | 36,442 | |||||||||||||||||||||
Policy maintenance charges | (984 | ) | (34,837 | ) | (16,126 | ) | (101,614 | ) | (15,567 | ) | (139,761 | ) | (5,561 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | (451,680 | ) | (74,710 | ) | (75,993 | ) | (74,753 | ) | (496,453 | ) | - | ||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 2,328 | (379 | ) | (110,864 | ) | (3,633,707 | ) | (194,853 | ) | (36,501 | ) | (90,375 | ) | |||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 16,664 | (168,209 | ) | (23,701 | ) | (3,720,252 | ) | (193,164 | ) | (16,617 | ) | (59,494 | ) | |||||||||||||||
Total increase (decrease) in net assets | 21,385 | (392,925 | ) | (135,036 | ) | (4,144,464 | ) | (326,837 | ) | (1,212,406 | ) | (165,423 | ) | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 51,319 | 2,136,250 | 1,113,550 | 8,567,545 | 1,224,473 | 8,346,784 | 304,785 | |||||||||||||||||||||
End of period | $ | 72,703 | $ | 1,743,324 | $ | 978,514 | $ | 4,423,081 | $ | 897,635 | $ | 7,134,378 | $ | 139,363 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 1,202 | 29,625 | 6,699 | 155,477 | 8,190 | 39,245 | 2,500 | |||||||||||||||||||||
Units redeemed | (62 | ) | (45,375 | ) | (7,475 | ) | (396,070 | ) | (17,503 | ) | (40,213 | ) | (8,698 | ) | ||||||||||||||
Net increase (decrease) | 1,140 | (15,749 | ) | (776 | ) | (240,593 | ) | (9,313 | ) | (968 | ) | (6,198 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
66
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Putnam VT Equity Income Fund | Putnam VT Global Asset Allocation Fund | Putnam VT Global Equity Fund | Putnam VT Growth Opportunities Fund | Putnam VT High Yield Fund | Putnam VT Income Fund | Putnam VT International Value Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 23,646 | $ | 214 | $ | 3,387 | $ | - | $ | 6,104 | $ | 3,645 | $ | 14,817 | ||||||||||||||
Net realized gain (loss) on investments | 162,139 | 754 | 49,678 | (88,857 | ) | (5,659 | ) | (145 | ) | (12,360 | ) | |||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (215,166 | ) | (3,487 | ) | (91,771 | ) | (140,252 | ) | (15,203 | ) | (13,488 | ) | (57,737 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (29,381 | ) | (2,519 | ) | (38,706 | ) | (229,109 | ) | (14,758 | ) | (9,988 | ) | (55,280 | ) | ||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 109,445 | 12 | 12 | 6,678 | 5,391 | 5,656 | 15,847 | |||||||||||||||||||||
Policy maintenance charges | (19,540 | ) | (633 | ) | (4,578 | ) | (7,564 | ) | (1,058 | ) | (696 | ) | (8,282 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | (45,821 | ) | - | - | - | (27,622 | ) | - | - | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 443,461 | (5,565 | ) | (12,982 | ) | (545,582 | ) | (3,081 | ) | 4,544 | 292,656 | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 487,545 | (6,186 | ) | (17,548 | ) | (546,468 | ) | (26,370 | ) | 9,504 | 300,221 | |||||||||||||||||
Total increase (decrease) in net assets | 458,164 | (8,705 | ) | (56,254 | ) | (775,577 | ) | (41,128 | ) | (484 | ) | 244,941 | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 1,099,915 | 15,185 | 198,282 | 1,015,760 | 134,401 | 66,042 | 595,131 | |||||||||||||||||||||
End of period | $ | 1,558,078 | $ | 6,479 | $ | 142,027 | $ | 240,183 | $ | 93,273 | $ | 65,557 | $ | 840,073 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 21,127 | 1 | 891 | 11,871 | 568 | 921 | 44,420 | |||||||||||||||||||||
Units redeemed | (12,461 | ) | (447 | ) | (2,403 | ) | (32,227 | ) | (1,586 | ) | (87 | ) | (24,372 | ) | ||||||||||||||
Net increase (decrease) | 8,666 | (446 | ) | (1,513 | ) | (20,356 | ) | (1,019 | ) | 835 | 20,048 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
67
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||||||||||||||||||
Putnam VT Research Fund | Putnam VT Small Cap Value Fund | Putnam VT Sustainable Future Fund | Royce Capital Fund - Small-Cap Portfolio | T. Rowe Price Blue Chip Growth Portfolio Class II | Van Eck VIP Emerging Markets Fund | Van Eck VIP Global Hard Assets Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 5,209 | $ | 18 | $ | - | $ | 52 | $ | - | $ | 118 | $ | 21,512 | ||||||||||||||
Net realized gain (loss) on investments | 47,557 | 864 | 47,198 | 1,145 | (865,288 | ) | 7,968 | 138,266 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (172,157 | ) | (1,536 | ) | (146,500 | ) | (8,411 | ) | (603,140 | ) | (21,438 | ) | (22,434 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (119,391 | ) | (654 | ) | (99,302 | ) | (7,214 | ) | (1,468,428 | ) | (13,352 | ) | 137,344 | |||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 12 | 12 | 23,679 | - | 247,514 | - | 124,566 | |||||||||||||||||||||
Policy maintenance charges | (16,715 | ) | (84 | ) | (1,879 | ) | (1,607 | ) | (42,190 | ) | (766 | ) | (16,453 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | - | - | - | |||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 105,066 | 1,977 | (5,551 | ) | - | (480,369 | ) | - | (286,512 | ) | ||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 88,363 | 1,905 | 16,249 | (1,607 | ) | (275,045 | ) | (766 | ) | (178,399 | ) | |||||||||||||||||
Total increase (decrease) in net assets | (31,028 | ) | 1,251 | (83,053 | ) | (8,821 | ) | (1,743,473 | ) | (14,118 | ) | (41,055 | ) | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 657,592 | 4,741 | 285,328 | 76,242 | 3,775,881 | 54,822 | 1,381,113 | |||||||||||||||||||||
End of period | $ | 626,564 | $ | 5,993 | $ | 202,276 | $ | 67,421 | $ | 2,032,409 | $ | 40,703 | $ | 1,340,057 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 6,203 | 195 | 1,195 | - | 92,747 | - | 2,211 | |||||||||||||||||||||
Units redeemed | (2,245 | ) | (83 | ) | (911 | ) | (71 | ) | (108,472 | ) | (18 | ) | (4,487 | ) | ||||||||||||||
Net increase (decrease) | 3,958 | 113 | 284 | (71 | ) | (15,725 | ) | (18 | ) | (2,276 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
68
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2022
SUBACCOUNTS | ||||||||||||
Vanguard VIF Global Bond Index | Vanguard VIF Total Bond Market Index | Victory RS Small Cap Growth Equity VIP | ||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||
OPERATIONS: | ||||||||||||
Total investment income | $ | 18,357 | $ | 33,452 | $ | - | ||||||
Net realized gain (loss) on investments | (1,615 | ) | 3,160 | (5,876 | ) | |||||||
Change in net unrealized appreciation (depreciation) on investments | (123,160 | ) | (252,196 | ) | 1,661 | |||||||
Net increase (decrease) in net assets resulting from operations | (106,418 | ) | (215,584 | ) | (4,215 | ) | ||||||
POLICY TRANSACTIONS: | ||||||||||||
Proceeds from units sold | 136,575 | 136,575 | 12 | |||||||||
Policy maintenance charges | (14,606 | ) | (24,278 | ) | (380 | ) | ||||||
Transfers for Policy benefits and terminations | (110,787 | ) | (110,715 | ) | - | |||||||
Net transfers (to) from the Company and/or Subaccounts | 5,765 | 1,037,161 | (7,719 | ) | ||||||||
Increase (decrease) in net assets resulting from Policy transactions | 16,947 | 1,038,743 | (8,087 | ) | ||||||||
Total increase (decrease) in net assets | (89,471 | ) | 823,159 | (12,302 | ) | |||||||
NET ASSETS: | ||||||||||||
Beginning of period | 818,939 | 820,197 | 12,320 | |||||||||
End of period | $ | 729,468 | $ | 1,643,356 | $ | 17 | ||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||
Units issued | 15,597 | 120,437 | 1 | |||||||||
Units redeemed | (13,535 | ) | (14,067 | ) | (824 | ) | ||||||
Net increase (decrease) | 2,062 | 106,370 | (823 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Concluded)
See accompanying notes to financial statements.
69
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Alger Small Cap Growth Portfolio | American Century Investments VP Capital Appreciation Fund | American Century Investments VP Inflation Protection Fund | American Century Investments VP International Fund | American Century Investments VP Mid Cap Value Fund | American Century Investments VP Ultra Fund | American Century Investments VP Value Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | - | $ | - | $ | 116,899 | $ | 110 | $ | 20,811 | $ | - | $ | 25,565 | ||||||||||||||
Net realized gain (loss) on investments | 265,945 | 62,147 | 42,961 | 2,576 | 235,845 | 4,949 | 29,706 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (317,132 | ) | (8,264 | ) | 69,599 | 3,118 | 113,571 | 8,197 | 254,088 | |||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (51,187 | ) | 53,883 | 229,460 | 5,804 | 370,227 | 13,146 | 309,360 | ||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | - | 12 | - | - | 2,439 | 12 | 111,008 | |||||||||||||||||||||
Policy maintenance charges | (8,637 | ) | (7,102 | ) | (50,587 | ) | (1,135 | ) | (26,775 | ) | (2,249 | ) | (17,885 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | (461,747 | ) | - | - | - | (25,852 | ) | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 172,464 | - | 439,919 | (1,345 | ) | (297,492 | ) | 229,749 | (67,034 | ) | ||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 163,828 | (7,090 | ) | (72,415 | ) | (2,480 | ) | (321,828 | ) | 227,512 | 236 | |||||||||||||||||
Total increase (decrease) in net assets | 112,640 | 46,793 | 157,045 | 3,325 | 48,399 | 240,658 | 309,596 | |||||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 736,855 | 485,564 | 3,523,604 | 67,321 | 1,640,791 | - | 1,234,435 | |||||||||||||||||||||
End of period | $ | 849,496 | $ | 532,357 | $ | 3,680,649 | $ | 70,645 | $ | 1,689,190 | $ | 240,658 | $ | 1,544,031 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 513 | 1 | 35,262 | 87 | 46,628 | 3,284 | 2,922 | |||||||||||||||||||||
Units redeemed | (46 | ) | (260 | ) | (40,232 | ) | (206 | ) | (68,512 | ) | (127 | ) | (2,811 | ) | ||||||||||||||
Net increase (decrease) | 468 | (259 | ) | (4,970 | ) | (119 | ) | (21,884 | ) | 3,157 | 111 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
70
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
American Fund Is Growth and Income Fund | American Funds IS Global Small Capitalization Fund | American Funds IS Growth Fund | American Funds IS International Fund | American Funds IS New World Fund | Blackrock 60/40 Target Allocation ETF VI Fund | Blackrock Global Allocation VI Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 4 | $ | - | $ | 9,517 | $ | 65,926 | $ | 15,535 | $ | - | $ | 26,378 | ||||||||||||||
Net realized gain (loss) on investments | 13 | 52,136 | 1,209,882 | 41,078 | 493,210 | - | 416,200 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | 58 | (47,816 | ) | (268,677 | ) | (161,358 | ) | (380,396 | ) | - | (293,183 | ) | ||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 75 | 4,320 | 950,722 | (54,354 | ) | 128,349 | - | 149,395 | ||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 12 | 12 | 22,405 | 1,370,554 | 76,929 | 12 | 2,451,110 | |||||||||||||||||||||
Policy maintenance charges | (41 | ) | (1,629 | ) | (55,382 | ) | (27,087 | ) | (23,835 | ) | - | (31,733 | ) | |||||||||||||||
Transfers for Policy benefits and terminations | - | - | (480,559 | ) | (1,665 | ) | (501,495 | ) | - | (1 | ) | |||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | - | (138,943 | ) | (690,673 | ) | 174,300 | (107,713 | ) | - | 255,885 | ||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (30 | ) | (140,560 | ) | (1,204,209 | ) | 1,516,103 | (556,113 | ) | 12 | 2,675,261 | |||||||||||||||||
Total increase (decrease) in net assets | 45 | (136,240 | ) | (253,487 | ) | 1,461,749 | (427,765 | ) | 12 | 2,824,655 | ||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 329 | 200,720 | 4,621,742 | 1,131,609 | 2,149,769 | - | 158,069 | |||||||||||||||||||||
End of period | $ | 374 | $ | 64,480 | $ | 4,368,255 | $ | 2,593,358 | $ | 1,722,004 | $ | 12 | $ | 2,982,724 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 1 | 2,352 | 6,915 | 97,972 | 23,959 | 2 | 177,001 | |||||||||||||||||||||
Units redeemed | (3 | ) | (8,089 | ) | (28,327 | ) | (12,522 | ) | (40,196 | ) | (1 | ) | (7,681 | ) | ||||||||||||||
Net increase (decrease) | (2 | ) | (5,737 | ) | (21,412 | ) | 85,450 | (16,237 | ) | 1 | 169,320 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
71
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Blackrock High Yield VI Fund | BNY Mellon Stock Index Portfolio | Clearbridge Variable Mid Cap Portfolio | Clearbridge Variable Small Cap Growth Portfolio | Columbia Variable Portfolio - Small Cap Value Fund | Davis Financial Portfolio | Davis Value Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 23,262 | $ | 385,490 | $ | 31 | $ | - | $ | 1,918 | $ | 3,775 | $ | 974 | ||||||||||||||
Net realized gain (loss) on investments | 1,629 | 5,759,383 | 35,229 | 170,175 | 12,333 | 29,933 | 26,908 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | 2,704 | 2,390,704 | 1,163 | (129,498 | ) | 52,535 | (16,542 | ) | (3,033 | ) | ||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 27,595 | 8,535,577 | 36,424 | 40,677 | 66,787 | 17,165 | 24,848 | |||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 490,307 | 6,279,956 | 12 | 55,984 | - | 68,720 | - | |||||||||||||||||||||
Policy maintenance charges | (5,693 | ) | (420,754 | ) | (2,403 | ) | (7,356 | ) | (3,753 | ) | (1,506 | ) | (2,139 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | (1,920,858 | ) | (21,865 | ) | - | - | - | - | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 13,462 | (6,365,328 | ) | (44,527 | ) | (85,940 | ) | (14,677 | ) | 154,164 | - | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 498,076 | (2,426,984 | ) | (68,784 | ) | (37,312 | ) | (18,430 | ) | 221,377 | (2,139 | ) | ||||||||||||||||
Total increase (decrease) in net assets | 525,670 | 6,108,594 | (32,360 | ) | 3,365 | 48,358 | 238,543 | 22,709 | ||||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 29,689 | 25,247,715 | 155,460 | 488,722 | 232,379 | 36,920 | 139,287 | |||||||||||||||||||||
End of period | $ | 555,360 | $ | 31,356,308 | $ | 123,100 | $ | 492,087 | $ | 280,737 | $ | 275,463 | $ | 161,996 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 44,983 | 232,114 | 496 | 14,007 | 407 | 8,630 | - | |||||||||||||||||||||
Units redeemed | (780 | ) | (254,835 | ) | (4,053 | ) | (15,961 | ) | (829 | ) | (1,906 | ) | (57 | ) | ||||||||||||||
Net increase (decrease) | 44,203 | (22,721 | ) | (3,557 | ) | (1,954 | ) | (422 | ) | 6,724 | (57 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
72
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Delaware VIP International Series | Delaware VIP Small Cap Value Series | DWS Core Equity VIP | DWS Croci® U.S. VIP | DWS High Income VIP | DWS Small Cap Index VIP | DWS Small Mid Cap Value VIP | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 1,794 | $ | 2,977 | $ | - | $ | - | $ | 5,212 | $ | 91,273 | $ | 18,278 | ||||||||||||||
Net realized gain (loss) on investments | 5,904 | 66,423 | - | (11,209 | ) | 5,752 | 870,801 | 13,569 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | 5,242 | 70,773 | - | 11,098 | (4,932 | ) | 357,012 | 354,839 | ||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 12,941 | 140,173 | - | (111 | ) | 6,031 | 1,319,086 | 386,686 | ||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 25,999 | 126,509 | 12 | - | 3,261 | 1,089,439 | 9,416 | |||||||||||||||||||||
Policy maintenance charges | (2,845 | ) | (6,904 | ) | - | (145 | ) | (2,983 | ) | (135,345 | ) | (15,576 | ) | |||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | (58,958 | ) | (310,906 | ) | - | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (27,709 | ) | 71,026 | - | (142,375 | ) | 117,427 | (230,180 | ) | (138,468 | ) | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (4,555 | ) | 190,632 | 12 | (142,520 | ) | 58,747 | 413,008 | (144,628 | ) | ||||||||||||||||||
Total increase (decrease) in net assets | 8,385 | 330,805 | 12 | (142,631 | ) | 64,778 | 1,732,094 | 242,058 | ||||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 183,092 | 369,034 | - | 142,631 | 167,841 | 8,593,718 | 1,321,624 | |||||||||||||||||||||
End of period | $ | 191,478 | $ | 699,839 | $ | 12 | $ | - | $ | 232,619 | $ | 10,325,813 | $ | 1,563,682 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 3,398 | 24,799 | 1 | - | 11,498 | 52,300 | 1,038 | |||||||||||||||||||||
Units redeemed | (3,783 | ) | (14,475 | ) | - | (8,459 | ) | (8,962 | ) | (39,237 | ) | (5,643 | ) | |||||||||||||||
Net increase (decrease) | (385 | ) | 10,323 | 1 | (8,459 | ) | 2,536 | 13,062 | (4,605 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
73
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Eaton Vance VT Floating-Rate Income Fund | Federated Hermes High Income Bond Fund II | Federated Hermes Kaufmann Fund II | Fidelity VIP Contrafund Portfolio | Fidelity VIP Emerging Markets Portfolio | Fidelity VIP Growth Portfolio | Fidelity VIP Index 500 Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 36,899 | $ | 1,405 | $ | - | $ | 418 | $ | 37,049 | $ | - | $ | - | ||||||||||||||
Net realized gain (loss) on investments | 419 | (123 | ) | 49,108 | 462,978 | 207,067 | 12,394 | 361 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | 332 | 83 | (36,791 | ) | (63,154 | ) | (374,177 | ) | (1,749 | ) | 223,541 | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 37,650 | 1,364 | 12,318 | 400,241 | (130,061 | ) | 10,646 | 223,902 | ||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 1,233,269 | 12 | - | 2,820 | 1,716,029 | - | - | |||||||||||||||||||||
Policy maintenance charges | (14,228 | ) | (928 | ) | (3,685 | ) | (21,562 | ) | (19,782 | ) | (1,531 | ) | (8,749 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | - | - | - | |||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 74,180 | 157,379 | (69,776 | ) | (564,125 | ) | 300,117 | (4,719 | ) | 5,773,260 | ||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 1,293,221 | 156,463 | (73,462 | ) | (582,866 | ) | 1,996,364 | (6,249 | ) | 5,764,511 | ||||||||||||||||||
Total increase (decrease) in net assets | 1,330,871 | 157,828 | (61,144 | ) | (182,625 | ) | 1,866,303 | 4,396 | 5,988,413 | |||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 74,129 | - | 261,955 | 1,948,753 | 103,846 | 48,362 | - | |||||||||||||||||||||
End of period | $ | 1,405,000 | $ | 157,828 | $ | 200,811 | $ | 1,766,128 | $ | 1,970,149 | $ | 52,758 | $ | 5,988,413 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 112,633 | 4,297 | 962 | 3,620 | 138,365 | - | 522,960 | |||||||||||||||||||||
Units redeemed | (4,818 | ) | (86 | ) | (2,400 | ) | (13,680 | ) | (2,480 | ) | (122 | ) | (760 | ) | ||||||||||||||
Net increase (decrease) | 107,816 | 4,211 | (1,438 | ) | (10,059 | ) | 135,885 | (122 | ) | 522,200 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
74
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Fidelity VIP Investment Grade Bond Portfolio | Fidelity VIP Mid Cap Portfolio | Goldman Sachs VIT Mid Cap Value Fund | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Great-West Aggressive Profile Fund | Great-West Ariel Mid Cap Value Fund | Great-West Bond Index Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 5,028 | $ | 1,365 | $ | 425 | $ | 133 | $ | 36,163 | $ | 8,376 | $ | 36,680 | ||||||||||||||
Net realized gain (loss) on investments | 17,484 | 113,849 | 13,131 | 26 | 114,462 | 66,618 | 87,849 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (25,902 | ) | (36,465 | ) | 9,315 | 267 | (44,529 | ) | 19,106 | (226,024 | ) | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (3,389 | ) | 78,750 | 22,872 | 426 | 106,095 | 94,101 | (101,495 | ) | |||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | - | 32,489 | - | - | 15,980 | 12 | 812,956 | |||||||||||||||||||||
Policy maintenance charges | (4,646 | ) | (3,773 | ) | (1,172 | ) | (389 | ) | (10,620 | ) | (5,185 | ) | (56,498 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | - | - | (95,894 | ) | ||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (103,761 | ) | (220,678 | ) | 369 | - | (55,875 | ) | (214,830 | ) | (637,951 | ) | ||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (108,407 | ) | (191,962 | ) | (803 | ) | (389 | ) | (50,515 | ) | (220,003 | ) | 22,613 | |||||||||||||||
Total increase (decrease) in net assets | (111,796 | ) | (113,212 | ) | 22,069 | 37 | 55,580 | (125,902 | ) | (78,882 | ) | |||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 393,994 | 519,142 | 75,557 | 8,914 | 617,757 | 344,899 | 3,871,774 | |||||||||||||||||||||
End of period | $ | 282,198 | $ | 405,930 | $ | 97,626 | $ | 8,951 | $ | 673,336 | $ | 218,996 | $ | 3,792,892 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 970 | 601 | 84 | - | 25,513 | 558 | 79,164 | |||||||||||||||||||||
Units redeemed | (5,216 | ) | (3,463 | ) | (136 | ) | (32 | ) | (29,314 | ) | (3,380 | ) | (78,320 | ) | ||||||||||||||
Net increase (decrease) | (4,246 | ) | (2,863 | ) | (51 | ) | (32 | ) | (3,801 | ) | (2,822 | ) | 844 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
75
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Great-West Conservative Profile Fund | Great-West Core Bond Fund | Great-West Emerging Markets Equity Fund | Great-West Global Bond Fund | Great-West Government Money Market Fund | Great-West Inflation- Protected Securities Fund | Great-West International Index Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 20,768 | $ | 21,442 | $ | 2,198 | $ | 1,364 | $ | 2,261 | $ | 21,120 | $ | 108,705 | ||||||||||||||
Net realized gain (loss) on investments | 47,874 | 52,564 | 7,328 | (4,439 | ) | - | 4,987 | 199,380 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (9,185 | ) | (116,850 | ) | (15,577 | ) | (101,593 | ) | - | 13,409 | 162,943 | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 59,457 | (42,845 | ) | (6,051 | ) | (104,667 | ) | 2,261 | 39,516 | 471,027 | ||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 397 | 35,230 | 73,221 | 19,731 | 5,534,087 | 177,005 | 1,260,481 | |||||||||||||||||||||
Policy maintenance charges | (29,700 | ) | (35,145 | ) | (1,875 | ) | (19,319 | ) | (381,521 | ) | (7,394 | ) | (61,086 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | (875,501 | ) | (4,202,725 | ) | - | (5,748 | ) | ||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (338,733 | ) | 11,288 | 2,487 | 669,228 | (3,905,537 | ) | 159 | 173,286 | |||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (368,037 | ) | 11,373 | 73,833 | (205,861 | ) | (2,955,696 | ) | 169,770 | 1,366,933 | ||||||||||||||||||
Total increase (decrease) in net assets | (308,580 | ) | (31,472 | ) | 67,782 | (310,528 | ) | (2,953,435 | ) | 209,287 | 1,837,960 | |||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 1,095,707 | 2,775,936 | 96,317 | 1,696,170 | 23,576,727 | 660,044 | 3,266,900 | |||||||||||||||||||||
End of period | $ | 787,127 | $ | 2,744,464 | $ | 164,099 | $ | 1,385,642 | $ | 20,623,293 | $ | 869,330 | $ | 5,104,860 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 1,952 | 5,468 | 8,169 | 61,456 | 846,923 | 15,528 | 106,380 | |||||||||||||||||||||
Units redeemed | (31,135 | ) | (4,774 | ) | (1,884 | ) | (75,252 | ) | (1,065,566 | ) | (624 | ) | (14,033 | ) | ||||||||||||||
Net increase (decrease) | (29,183 | ) | 694 | 6,286 | (13,796 | ) | (218,643 | ) | 14,904 | 92,346 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
76
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Great-West International Value Fund | Great-West Large Cap Growth Fund | Great-West Large Cap Value Fund Investor II Class Fund | Great-West Lifetime 2015 Fund | Great-West Lifetime 2020 Fund | Great-West Lifetime 2025 Fund | Great-West Lifetime 2030 Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 120,235 | $ | 2,503 | $ | 30,462 | $ | 24,312 | $ | 16,128 | $ | 118,987 | $ | 73,453 | ||||||||||||||
Net realized gain (loss) on investments | 304,947 | 68,602 | 206,338 | 142,049 | 42,623 | 437,341 | 439,047 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | 144,868 | (24,790 | ) | 367,669 | (53,704 | ) | 3,098 | (56,103 | ) | (216,585 | ) | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 570,050 | 46,314 | 604,468 | 112,657 | 61,850 | 500,225 | 295,915 | |||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 34,669 | 109,988 | 8,538 | 138,022 | 26,374 | 590,108 | 923,541 | |||||||||||||||||||||
Policy maintenance charges | (65,261 | ) | (4,046 | ) | (28,295 | ) | (14,378 | ) | (13,107 | ) | (54,370 | ) | (35,321 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | (786,891 | ) | (30,781 | ) | (57,970 | ) | - | (30,161 | ) | (208,443 | ) | (192,795 | ) | |||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 2,564,639 | 40,090 | (125,828 | ) | (656,662 | ) | 2,014 | 153,885 | (425,707 | ) | ||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 1,747,156 | 115,251 | (203,555 | ) | (533,018 | ) | (14,881 | ) | 481,180 | 269,718 | ||||||||||||||||||
Total increase (decrease) in net assets | 2,317,207 | 161,565 | 400,914 | (420,361 | ) | 46,969 | 981,405 | 565,633 | ||||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 5,286,269 | 179,522 | 2,403,427 | 1,624,754 | 675,423 | 4,742,897 | 2,376,708 | |||||||||||||||||||||
End of period | $ | 7,603,476 | $ | 341,087 | $ | 2,804,341 | $ | 1,204,392 | $ | 722,392 | $ | 5,724,302 | $ | 2,942,342 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 162,283 | 5,248 | 10,915 | 12,655 | 2,846 | 68,432 | 175,542 | |||||||||||||||||||||
Units redeemed | (61,132 | ) | (3,557 | ) | (27,163 | ) | (48,988 | ) | (3,788 | ) | (38,157 | ) | (158,814 | ) | ||||||||||||||
Net increase (decrease) | 101,151 | 1,691 | (16,248 | ) | (36,333 | ) | (942 | ) | 30,274 | 16,728 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
77
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Great-West Lifetime 2035 Fund | Great-West Lifetime 2040 Fund | Great-West Lifetime 2045 Fund | Great-West Lifetime 2050 Fund | Great-West Lifetime 2055 Fund | Great-West Lifetime 2060 Fund | Great-West Mid Cap Value Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 46,249 | $ | 46,808 | $ | 25,831 | $ | 13,909 | $ | 8,962 | $ | - | $ | 53,750 | ||||||||||||||
Net realized gain (loss) on investments | 197,947 | 240,922 | 165,160 | 39,332 | 57,937 | - | 56,092 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (1,500 | ) | (71,428 | ) | (18,730 | ) | 13,957 | (6,962 | ) | - | (57,151 | ) | ||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 242,697 | 216,303 | 172,260 | 67,199 | 59,937 | - | 52,691 | |||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 347,530 | 163,508 | 106,311 | 3,983 | 5,185 | 12 | 67,710 | |||||||||||||||||||||
Policy maintenance charges | (43,056 | ) | (18,691 | ) | (23,077 | ) | (6,133 | ) | (6,132 | ) | - | (3,112 | ) | |||||||||||||||
Transfers for Policy benefits and terminations | (288,415 | ) | (89,882 | ) | (314,715 | ) | (18,644 | ) | (35,774 | ) | - | (1,673 | ) | |||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 58,663 | 30,506 | (52,610 | ) | 25,597 | 17,199 | - | 124,112 | ||||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 74,722 | 85,442 | (284,091 | ) | 4,803 | (19,523 | ) | 12 | 187,037 | |||||||||||||||||||
Total increase (decrease) in net assets | 317,418 | 301,745 | (111,830 | ) | 72,002 | 40,414 | 12 | 239,727 | ||||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 1,756,915 | 1,423,547 | 1,169,931 | 415,345 | 394,324 | - | 105,139 | |||||||||||||||||||||
End of period | $ | 2,074,333 | $ | 1,725,292 | $ | 1,058,100 | $ | 487,347 | $ | 434,738 | $ | 12 | $ | 344,866 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 27,823 | 63,461 | 11,469 | 1,963 | 7,497 | 2 | 30,336 | |||||||||||||||||||||
Units redeemed | (23,363 | ) | (58,877 | ) | (27,136 | ) | (1,709 | ) | (8,704 | ) | (1 | ) | (18,849 | ) | ||||||||||||||
Net increase (decrease) | 4,460 | 4,583 | (15,667 | ) | 254 | (1,207 | ) | 1 | 11,487 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
78
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Great-West Moderate Profile Fund | Great-West Moderately Aggressive Profile Fund | Great-West Moderately Conservative Profile Fund | Great-West Multi- Sector Bond Fund | Great-West Real Estate Index Fund | Great-West S&P Mid Cap 400® Index Fund | Great-West S&P Small Cap 600® Index Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 3,427 | $ | 1,315 | $ | 55,902 | $ | 7,252 | $ | 12,435 | $ | 155,953 | $ | 16,476 | ||||||||||||||
Net realized gain (loss) on investments | 14,537 | 3,249 | 74,090 | 15,760 | 167,990 | 848,858 | 161,631 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (4,881 | ) | (992 | ) | 4,915 | (19,759 | ) | 539,932 | 1,079,250 | (52,880 | ) | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 13,083 | 3,572 | 134,908 | 3,253 | 720,357 | 2,084,061 | 125,228 | |||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 12 | 2,832 | 613,454 | 12 | 1,267,830 | 413,183 | 159,169 | |||||||||||||||||||||
Policy maintenance charges | (2,029 | ) | (714 | ) | (33,322 | ) | (5,015 | ) | (19,807 | ) | (130,692 | ) | (9,416 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | (20,395 | ) | - | (19,530 | ) | (49,843 | ) | - | (467,705 | ) | (12,014 | ) | ||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (236,530 | ) | (57,989 | ) | (2,778 | ) | (70,917 | ) | (370,535 | ) | 1,978,926 | 154,042 | ||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (258,942 | ) | (55,872 | ) | 557,824 | (125,764 | ) | 877,488 | 1,793,712 | 291,781 | ||||||||||||||||||
Total increase (decrease) in net assets | (245,859 | ) | (52,300 | ) | 692,731 | (122,510 | ) | 1,597,844 | 3,877,773 | 417,009 | ||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 338,360 | 82,569 | 1,401,224 | 403,237 | 301,374 | 7,744,324 | 469,019 | |||||||||||||||||||||
End of period | $ | 92,501 | $ | 30,269 | $ | 2,093,956 | $ | 280,727 | $ | 1,899,218 | $ | 11,622,097 | $ | 886,028 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 2,028 | 262 | 46,640 | 1,021 | 107,402 | 137,944 | 31,286 | |||||||||||||||||||||
Units redeemed | (21,366 | ) | (4,384 | ) | (5,793 | ) | (3,719 | ) | (32,405 | ) | (63,695 | ) | (18,606 | ) | ||||||||||||||
Net increase (decrease) | (19,338 | ) | (4,122 | ) | 40,847 | (2,698 | ) | 74,997 | 74,249 | 12,680 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
79
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Great-West Short Duration Bond Fund | Great-West Small Cap Growth Fund | Great-West Small Cap Value Fund | Great-West T. Rowe Price Mid Cap Growth Fund | Great-West U.S. Government Securities Fund | Invesco Oppenheimer V.I. Main Street Small Cap Fund | Invesco V.I. Core Equity Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 70,758 | $ | - | $ | 39,076 | $ | 4,910 | $ | 26,231 | $ | 1,787 | $ | 170 | ||||||||||||||
Net realized gain (loss) on investments | 72,143 | 2 | 76,574 | 342,930 | 67,052 | 150,025 | 812 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (143,137 | ) | (2 | ) | 187,392 | 18,246 | (179,305 | ) | (71,477 | ) | 5,460 | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (236 | ) | (0 | ) | 303,042 | 366,086 | (86,022 | ) | 80,336 | 6,443 | ||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 77,620 | 12 | 3,261 | 60,137 | 148,006 | 15,980 | - | |||||||||||||||||||||
Policy maintenance charges | (87,087 | ) | - | (12,423 | ) | (32,955 | ) | (48,118 | ) | (8,996 | ) | (431 | ) | |||||||||||||||
Transfers for Policy benefits and terminations | (290,609 | ) | - | - | (89,218 | ) | - | (24,660 | ) | - | ||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (54,143 | ) | - | (110,778 | ) | (325,880 | ) | (101,750 | ) | 177,626 | (4,597 | ) | ||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (354,219 | ) | 12 | (119,940 | ) | (387,916 | ) | (1,861 | ) | 159,949 | (5,028 | ) | ||||||||||||||||
Total increase (decrease) in net assets | (354,456 | ) | 11 | 183,102 | (21,830 | ) | (87,883 | ) | 240,285 | 1,414 | ||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 6,957,530 | - | 1,031,759 | 2,881,634 | 3,947,080 | 345,905 | 24,950 | |||||||||||||||||||||
End of period | $ | 6,603,074 | $ | 11 | $ | 1,214,861 | $ | 2,859,804 | $ | 3,859,197 | $ | 586,190 | $ | 26,365 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 9,744 | 1 | 443 | 4,621 | 8,400 | 30,739 | - | |||||||||||||||||||||
Units redeemed | (32,411 | ) | - | (2,703 | ) | (10,281 | ) | (8,526 | ) | (23,016 | ) | (138 | ) | |||||||||||||||
Net increase (decrease) | (22,666 | ) | 1 | (2,260 | ) | (5,660 | ) | (125 | ) | 7,723 | (138 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
80
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Invesco V.I. Global Real Estate Fund | Invesco V.I. Health Care Fund | Invesco V.I. International Growth Fund | Invesco V.I. Mid Cap Core Equity Fund | Invesco V.I. Technology Fund | Janus Henderson VIT Balanced Portfolio | Janus Henderson VIT Enterprise Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 35,328 | $ | 206 | $ | 40,171 | $ | 2,180 | $ | - | $ | 28,501 | $ | 3,368 | ||||||||||||||
Net realized gain (loss) on investments | 27,358 | 23,625 | 451,847 | (3,298 | ) | 44,446 | 275,837 | 244,153 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | 282,870 | (12,271 | ) | (276,330 | ) | 97,264 | (39,148 | ) | 218,668 | (96,461 | ) | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 345,556 | 11,559 | 215,688 | 96,146 | 5,298 | 523,006 | 151,061 | |||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 20,081 | - | 4,886 | - | - | 56,510 | 22,608 | |||||||||||||||||||||
Policy maintenance charges | (15,210 | ) | (1,107 | ) | (40,246 | ) | (4,999 | ) | (140 | ) | (46,856 | ) | (16,480 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | (306,890 | ) | - | (883,426 | ) | - | - | - | (323,905 | ) | ||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (97,774 | ) | (34,638 | ) | (8,487 | ) | 28,172 | (134,080 | ) | (876,960 | ) | 115,966 | ||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (399,793 | ) | (35,746 | ) | (927,272 | ) | 23,173 | (134,220 | ) | (867,306 | ) | (201,811 | ) | |||||||||||||||
Total increase (decrease) in net assets | (54,237 | ) | (24,186 | ) | (711,584 | ) | 119,320 | (128,922 | ) | (344,301 | ) | (50,750 | ) | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 1,418,213 | 70,714 | 3,912,686 | 395,227 | 128,922 | 3,426,074 | 775,992 | |||||||||||||||||||||
End of period | $ | 1,363,976 | $ | 46,528 | $ | 3,201,102 | $ | 514,547 | $ | - | $ | 3,081,773 | $ | 725,242 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 1,256 | 619 | 14,178 | 1,746 | 213 | 5,810 | 38,338 | |||||||||||||||||||||
Units redeemed | (9,620 | ) | (1,247 | ) | (54,001 | ) | (1,024 | ) | (2,851 | ) | (24,188 | ) | (46,591 | ) | ||||||||||||||
Net increase (decrease) | (8,365 | ) | (628 | ) | (39,823 | ) | 722 | (2,638 | ) | (18,378 | ) | (8,253 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
81
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Janus Henderson VIT Flexible Bond Portfolio | Janus Henderson VIT Forty Portfolio | Janus Henderson VIT Global Research Portfolio | Janus Henderson VIT Global Technology and Innovation Portfolio | Janus Henderson VIT Overseas Portfolio | Lord Abbett Series Developing Growth Portfolio | Lord Abbett Series Total Return Portfolio | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 57,799 | $ | - | $ | 1,403 | $ | 6,405 | $ | 890 | $ | - | $ | 419 | ||||||||||||||
Net realized gain (loss) on investments | 93,745 | 856,667 | 107,179 | 735,355 | 268 | 61,311 | 111 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (181,832 | ) | (314,104 | ) | (43,034 | ) | (282,798 | ) | 8,375 | (69,990 | ) | (563 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | (30,288 | ) | 542,563 | 65,547 | 458,963 | 9,533 | (8,679 | ) | (33 | ) | ||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 12 | 49,087 | - | 270,553 | - | - | 1,845 | |||||||||||||||||||||
Policy maintenance charges | (46,621 | ) | (30,594 | ) | (4,667 | ) | (35,585 | ) | (1,017 | ) | (3,374 | ) | (807 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | (48,421 | ) | - | - | - | - | - | - | ||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 301,381 | (1,501,701 | ) | (208,788 | ) | (52,304 | ) | - | 32,081 | (1,576 | ) | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 206,350 | (1,483,208 | ) | (213,455 | ) | 182,664 | (1,017 | ) | 28,707 | (538 | ) | |||||||||||||||||
Total increase (decrease) in net assets | 176,063 | (940,645 | ) | (147,908 | ) | 641,627 | 8,516 | 20,028 | (572 | ) | ||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 2,760,058 | 2,763,301 | 318,962 | 2,347,486 | 70,414 | 221,769 | 21,014 | |||||||||||||||||||||
End of period | $ | 2,936,120 | $ | 1,822,656 | $ | 171,054 | $ | 2,989,113 | $ | 78,929 | $ | 241,797 | $ | 20,443 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 33,390 | 2,800 | 2,408 | 11,833 | - | 1,118 | 661 | |||||||||||||||||||||
Units redeemed | (27,032 | ) | (17,507 | ) | (11,101 | ) | (9,826 | ) | (25 | ) | (103 | ) | (705 | ) | ||||||||||||||
Net increase (decrease) | 6,357 | (14,706 | ) | (8,693 | ) | 2,007 | (25 | ) | 1,015 | (44 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
82
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
MFS VIT Growth Series | MFS VIT II International Growth Portfolio | MFS VIT III Blended Research Small Cap Equity Portfolio | MFS VIT III Global Real Estate Portfolio | MFS VIT III Mid Cap Value Portfolio | MFS VIT Mid Cap Growth Series | MFS VIT Research Series | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | - | $ | 8,611 | $ | 118 | $ | 713 | $ | 272 | $ | - | $ | 382 | ||||||||||||||
Net realized gain (loss) on investments | 2,847 | 85,324 | 1,773 | 9,225 | 3,441 | 121,519 | 4,583 | |||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | 1,254 | 40,776 | 2,139 | 12,553 | 4,131 | (47,675 | ) | 10,484 | ||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 4,101 | 134,711 | 4,030 | 22,491 | 7,844 | 73,844 | 15,449 | |||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 12 | 1,377,625 | 79 | 63,736 | 1,281 | 310,713 | 12 | |||||||||||||||||||||
Policy maintenance charges | (838 | ) | (21,773 | ) | (586 | ) | (1,474 | ) | (892 | ) | (9,338 | ) | (3,030 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | - | - | - | - | |||||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | - | 344,458 | (5,432 | ) | 111,980 | 39,953 | 96,630 | - | ||||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (826 | ) | 1,700,311 | (5,940 | ) | 174,242 | 40,342 | 398,004 | (3,018 | ) | ||||||||||||||||||
Total increase (decrease) in net assets | 3,275 | 1,835,022 | (1,910 | ) | 196,732 | 48,186 | 471,848 | 12,431 | ||||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 17,812 | 470,317 | 15,983 | 35,294 | 5,633 | 482,217 | 63,561 | |||||||||||||||||||||
End of period | $ | 21,087 | $ | 2,305,339 | $ | 14,073 | $ | 232,026 | $ | 53,819 | $ | 954,065 | $ | 75,992 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 1 | 142,619 | 8 | 19,355 | 3,688 | 17,293 | 1 | |||||||||||||||||||||
Units redeemed | (43 | ) | (11,252 | ) | (385 | ) | (8,778 | ) | (1,011 | ) | (1,287 | ) | (139 | ) | ||||||||||||||
Net increase (decrease) | (42 | ) | 131,367 | (377 | ) | 10,576 | 2,677 | 16,006 | (138 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
83
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
MFS VIT Total Return Bond Series | MFS VIT Value Series | Neuberger Berman AMT Mid Cap Growth Portfolio | Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio | Neuberger Berman AMT Sustainable Equity Portfolio | Pimco VIT Commodity Real Return Strategy Portfolio | Pimco VIT Global Bond Opportunities Portfolio (Unhedged) | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 88,852 | $ | 12,559 | $ | - | $ | 444 | $ | 693 | $ | 486 | $ | 135,783 | ||||||||||||||
Net realized gain (loss) on investments | 87,134 | 42,418 | 2,304 | (896 | ) | 42,447 | (17 | ) | (23,065 | ) | ||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (204,619 | ) | 168,947 | (208 | ) | 20,114 | (8,102 | ) | 620 | (221,340 | ) | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (28,633 | ) | 223,924 | 2,095 | 19,663 | 35,038 | 1,088 | (108,622 | ) | |||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 1,107 | 12 | - | 420 | 12 | 15,311 | 2,496,943 | |||||||||||||||||||||
Policy maintenance charges | (69,025 | ) | (11,601 | ) | (283 | ) | (633 | ) | (2,757 | ) | (284 | ) | (28,148 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | (1,156,554 | ) | - | - | - | - | - | (1 | ) | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 170,520 | 815,105 | (445 | ) | (148,988 | ) | (93,946 | ) | 35,203 | (541,480 | ) | |||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | (1,053,952 | ) | 803,515 | (728 | ) | (149,201 | ) | (96,691 | ) | 50,230 | 1,927,314 | |||||||||||||||||
Total increase (decrease) in net assets | (1,082,585 | ) | 1,027,440 | 1,367 | (129,538 | ) | (61,653 | ) | 51,319 | 1,818,692 | ||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 4,348,168 | 520,469 | 16,296 | 207,746 | 149,704 | - | 317,558 | |||||||||||||||||||||
End of period | $ | 3,265,583 | $ | 1,547,909 | $ | 17,663 | $ | 78,208 | $ | 88,051 | $ | 51,319 | $ | 2,136,250 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 16,562 | 54,261 | 10 | 89 | 565 | 9,276 | 214,845 | |||||||||||||||||||||
Units redeemed | (103,744 | ) | (9,053 | ) | (26 | ) | (6,010 | ) | (2,224 | ) | (5,532 | ) | (52,183 | ) | ||||||||||||||
Net increase (decrease) | (87,182 | ) | 45,208 | (16 | ) | (5,922 | ) | (1,659 | ) | 3,744 | 162,662 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
84
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Pimco VIT High Yield Portfolio | Pimco VIT Low Duration Portfolio | Pimco VIT Real Return Portfolio | Pimco VIT Total Return Portfolio | Pioneer Real Estate Shares VCT Portfolio | Putnam VT Equity Income Fund | Putnam VT Global Asset Allocation Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 40,298 | $ | 45,444 | $ | 53,012 | $ | 144,516 | $ | 1,741 | $ | 11,690 | $ | 135 | ||||||||||||||
Net realized gain (loss) on investments | 682 | 921 | 4,756 | 344,590 | (1,412 | ) | 153,634 | 482 | ||||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (5,967 | ) | (126,293 | ) | 5,981 | (558,067 | ) | 42,436 | 56,102 | 1,323 | ||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 35,014 | (79,929 | ) | 63,749 | (68,961 | ) | 42,765 | 221,426 | 1,940 | |||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 490,335 | 490,368 | 491,539 | 2,954,448 | 12,792 | 125,735 | 12 | |||||||||||||||||||||
Policy maintenance charges | (10,741 | ) | (125,186 | ) | (11,336 | ) | (110,606 | ) | (1,884 | ) | (12,271 | ) | (633 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | - | (1 | ) | - | (204,657 | ) | - | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 285,790 | (13,599 | ) | 181,516 | 769,328 | 175,962 | 91,177 | - | ||||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 765,385 | 351,584 | 661,718 | 3,613,169 | 186,870 | (16 | ) | (621 | ) | |||||||||||||||||||
Total increase (decrease) in net assets | 800,399 | 271,656 | 725,467 | 3,544,207 | 229,635 | 221,411 | 1,319 | |||||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 313,151 | 8,295,890 | 499,006 | 4,802,577 | 75,150 | 878,504 | 13,866 | |||||||||||||||||||||
End of period | $ | 1,113,550 | $ | 8,567,545 | $ | 1,224,473 | $ | 8,346,784 | $ | 304,785 | $ | 1,099,915 | $ | 15,185 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 27,400 | 42,692 | 33,837 | 168,760 | 12,268 | 12,223 | 1 | |||||||||||||||||||||
Units redeemed | (619 | ) | (21,048 | ) | (2,232 | ) | (10,053 | ) | (338 | ) | (12,588 | ) | (41 | ) | ||||||||||||||
Net increase (decrease) | 26,781 | 21,643 | 31,605 | 158,707 | 11,929 | (365 | ) | (39 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
85
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Putnam VT Global Equity Fund | Putnam VT Growth Opportunities Fund | Putnam VT High Yield Fund | Putnam VT Income Fund | Putnam VT International Value Fund | Putnam VT Research Fund | Putnam VT Small Cap Value Fund | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | 1,009 | $ | - | $ | 34,889 | $ | 106 | $ | 4,328 | $ | 745 | $ | 39 | ||||||||||||||
Net realized gain (loss) on investments | 5,057 | 312,844 | (2,584 | ) | (229 | ) | 12,909 | 22,652 | 187 | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | 2,254 | 71,972 | (4,744 | ) | (225 | ) | 17,500 | 24,182 | 1,204 | |||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 8,319 | 384,815 | 27,562 | (347 | ) | 34,737 | 47,579 | 1,430 | ||||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 12 | 8,735 | 6,799 | 12 | 16,508 | 12 | 12 | |||||||||||||||||||||
Policy maintenance charges | (2,754 | ) | (22,736 | ) | (5,626 | ) | (61 | ) | (4,618 | ) | (6,584 | ) | (57 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | - | (618,458 | ) | (7,729 | ) | - | - | - | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | 164,256 | (1,021,013 | ) | 65,217 | 65,581 | 301,113 | 616,585 | (193 | ) | |||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 161,514 | (1,035,014 | ) | (552,068 | ) | 57,804 | 313,004 | 610,013 | (238 | ) | ||||||||||||||||||
Total increase (decrease) in net assets | 169,833 | (650,199 | ) | (524,506 | ) | 57,456 | 347,741 | 657,592 | 1,192 | |||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 28,448 | 1,665,959 | 658,908 | 8,585 | 247,390 | - | 3,549 | |||||||||||||||||||||
End of period | $ | 198,282 | $ | 1,015,760 | $ | 134,402 | $ | 66,042 | $ | 595,131 | $ | 657,592 | $ | 4,741 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 10,686 | 11,579 | 2,666 | 5,761 | 30,770 | 30,767 | 20 | |||||||||||||||||||||
Units redeemed | (669 | ) | (42,936 | ) | (22,184 | ) | (942 | ) | (10,412 | ) | (4,256 | ) | (32 | ) | ||||||||||||||
Net increase (decrease) | 10,017 | (31,357 | ) | (19,517 | ) | 4,819 | 20,358 | 26,512 | (12 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
86
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | ||||||||||||||||||||||||||||
Putnam VT Sustainable Future Fund | Royce Capital Fund - Small-Cap Portfolio | T. Rowe Price Blue Chip Growth Portfolio Class II | Van Eck VIP Emerging Markets Fund | Van Eck VIP Global Hard Assets Fund | Vanguard VIF Global Bond Index | Vanguard VIF Total Bond Market Index | ||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS: | ||||||||||||||||||||||||||||
OPERATIONS: | ||||||||||||||||||||||||||||
Total investment income | $ | - | $ | 885 | $ | - | $ | 682 | $ | 4,650 | $ | - | $ | - | ||||||||||||||
Net realized gain (loss) on investments | 30,481 | 799 | 942,317 | 2,583 | 132,947 | (6 | ) | (5 | ) | |||||||||||||||||||
Change in net unrealized appreciation (depreciation) on investments | (14,102 | ) | 18,432 | (338,070 | ) | (12,234 | ) | 75,815 | (4,614 | ) | (3,356 | ) | ||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 16,379 | 20,116 | 604,247 | (8,969 | ) | 213,413 | (4,620 | ) | (3,361 | ) | ||||||||||||||||||
POLICY TRANSACTIONS: | ||||||||||||||||||||||||||||
Proceeds from units sold | 36,523 | - | 91,043 | - | 96,626 | - | - | |||||||||||||||||||||
Policy maintenance charges | (2,298 | ) | (1,559 | ) | (54,369 | ) | (930 | ) | (14,297 | ) | (1,192 | ) | (1,194 | ) | ||||||||||||||
Transfers for Policy benefits and terminations | - | (16,388 | ) | - | - | (222,391 | ) | - | - | |||||||||||||||||||
Net transfers (to) from the Company and/or Subaccounts | (5,103 | ) | - | 884,823 | (9,383 | ) | 132,621 | 824,752 | 824,751 | |||||||||||||||||||
Increase (decrease) in net assets resulting from Policy transactions | 29,122 | (17,947 | ) | 921,497 | (10,313 | ) | (7,441 | ) | 823,559 | 823,558 | ||||||||||||||||||
Total increase (decrease) in net assets | 45,501 | 2,169 | 1,525,744 | (19,282 | ) | 205,971 | 818,939 | 820,197 | ||||||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||||||
Beginning of period | 239,827 | 74,073 | 2,250,138 | 74,103 | 1,175,142 | - | - | |||||||||||||||||||||
End of period | $ | 285,328 | $ | 76,242 | $ | 3,775,881 | $ | 54,822 | $ | 1,381,113 | $ | 818,939 | $ | 820,197 | ||||||||||||||
CHANGES IN UNITS OUTSTANDING: | ||||||||||||||||||||||||||||
Units issued | 675 | - | 128,388 | - | 7,684 | 81,436 | 81,400 | |||||||||||||||||||||
Units redeemed | (254 | ) | (739 | ) | (89,761 | ) | (191 | ) | (7,941 | ) | (118 | ) | (118 | ) | ||||||||||||||
Net increase (decrease) | 421 | (739 | ) | 38,627 | (191 | ) | (257 | ) | 81,317 | 81,281 |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Continued)
See accompanying notes to financial statements.
87
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2021
SUBACCOUNTS | |||||
Victory RS Small Cap Growth Equity VIP | |||||
INCREASE (DECREASE) IN NET ASSETS: | |||||
OPERATIONS: | |||||
Total investment income | $ | - | |||
Net realized gain (loss) on investments | 974 | ||||
Change in net unrealized appreciation (depreciation) on investments | (2,429 | ) | |||
Net increase (decrease) in net assets resulting from operations | (1,456 | ) | |||
POLICY TRANSACTIONS: | |||||
Proceeds from units sold | 12 | ||||
Policy maintenance charges | (584 | ) | |||
Transfers for Policy benefits and terminations | - | ||||
Net transfers (to) from the Company and/or Subaccounts | - | ||||
Increase (decrease) in net assets resulting from Policy transactions | (572 | ) | |||
Total increase (decrease) in net assets | (2,028 | ) | |||
NET ASSETS: | |||||
Beginning of period | 14,348 | ||||
End of period | $ | 12,320 | |||
CHANGES IN UNITS OUTSTANDING: | |||||
Units issued | 1 | ||||
Units redeemed | (37 | ) | |||
Net increase (decrease) | (36 | ) |
Note: Totals may not appear to foot/crossfoot due to rounding.
(Concluded)
See accompanying notes to financial statements.
88
COLI VUL-2 SERIES ACCOUNT OF
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2022
1. | ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES |
Effective August 1, 2022, Great West Life & Annuity Insurance Company is now known as Empower Annuity Insurance Company of America (the Company). The COLI VUL-2 Series Account (the Separate Account), a variable life separate account of the Company, is registered as a unit investment trust under the Investment Company Act of 1940, as amended, and exists in accordance with regulations of the Colorado Division of Insurance was established on December 30, 1998. It is a funding vehicle for variable life insurance policies. The Separate Account consists of numerous investment divisions (Subaccounts), each being treated as an individual accounting entity for financial reporting purposes, and each investing all of its investible assets in the named underlying mutual fund.
Under applicable insurance law, the assets and liabilities of each of the Subaccounts of the Separate Account are clearly identified and distinguished from the Company's other assets and liabilities. The portion of the Separate Account's assets applicable to the reserves and other policy liabilities with respect to the Separate Account is not chargeable with liabilities arising out of any other business the Company may conduct. Net premiums from the Policies are allocated to the subaccounts in accordance with policy owner instructions and are recorded as variable annuity policy transactions in the Statements of Changes in Net Assets. Such amounts are used to provide account funds to pay policy values under the Policies. Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the Company’s other assets and liabilities.
The preparation of financial statements and financial highlights of each of the Subaccounts in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and financial highlights and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. The Separate Account is an investment company and, therefore, applies specialized accounting guidance in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 “Financial Services – Investment Companies” (ASC Topic 946).
The following is a list of the
variable life insurance products funded by the Separate Account:
Executive Benefit VUL II
For the years or periods ended December 31, 2022 and 2021, the Separate Account was invested in up to 130 Subaccounts, as follows:
Alger Small Cap Growth Portfolio | American Funds IS Growth Fund |
American Century Investments VP Capital Appreciation Fund | American Funds IS International Fund |
American Century Investments VP Inflation Protection Fund | American Funds IS New World Fund |
American Century Investments VP International Fund | Blackrock 60/40 Target Allocation ETF VI Fund(b) |
American Century Investments VP Mid Cap Value Fund | Blackrock Global Allocation VI Fund |
American Century Investments VP Ultra Fund(b) | Blackrock High Yield VI Fund |
American Century Investments VP Value Fund | BNY Mellon Stock Index Portfolio |
American Fund Is Growth and Income Fund | Clearbridge Variable Mid Cap Portfolio |
American Funds IS Global Small Capitalization Fund | Clearbridge Variable Small Cap Growth Portfolio |
89
Columbia Variable Portfolio - Small Cap Value Fund | Empower Real Estate Index Fund(a) |
Davis Financial Portfolio | Empower S&P Mid Cap 400® Index Fund(a) |
Davis Value Portfolio | Empower S&P Small Cap 600® Index Fund(a) |
Delaware VIP International Series | Empower Short Duration Bond Fund(a) |
Delaware VIP Small Cap Value Series | Empower Small Cap Growth Fund(a)(b) |
DFA VIT Inflation-Protected Securities(b) | Empower Small Cap Value Fund(a) |
DWS Core Equity VIP(b) | Empower T. Rowe Price Mid Cap Growth Fund(a) |
DWS Croci® U.S. VIP | Empower U.S. Government Securities Fund(a) |
DWS High Income VIP | Federated Hermes High Income Bond Fund II(b) |
DWS Small Cap Index VIP | Federated Hermes Kaufmann Fund II |
DWS Small Mid Cap Value VIP | Fidelity VIP Contrafund Portfolio |
Eaton Vance Vt Floating-Rate Income Fund | Fidelity VIP Emerging Markets Portfolio |
Empower Aggressive Profile Fund(a) | Fidelity VIP Growth Portfolio |
Empower Ariel Mid Cap Value Fund(a) | Fidelity VIP Index 500 Portfolio(b) |
Empower Bond Index Fund(a) | Fidelity VIP Investment Grade Bond Portfolio |
Empower Conservative Profile Fund(a) | Fidelity VIP Mid Cap Portfolio |
Empower Core Bond Fund(a) | Goldman Sachs VIT Mid Cap Value Fund |
Empower Emerging Markets Equity Fund(a) | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio |
Empower Global Bond Fund(a) | Invesco Oppenheimer V.I. Main Street Small Cap Fund |
Empower Government Money Market Fund(a) | Invesco V.I. Core Equity Fund |
Empower Inflation- Protected Securities Fund(a) | Invesco V.I. Global Real Estate Fund |
Empower International Index Fund(a) | Invesco V.I. Health Care Fund |
Empower International Value Fund(a) | Invesco V.I. International Growth Fund |
Empower Large Cap Growth Fund(a) | Invesco V.I. Mid Cap Core Equity Fund |
Empower Large Cap Value Fund Investor II Class Fund(a) | Invesco V.I. Technology Fund(c) |
Empower Lifetime 2015 Fund(a) | Janus Henderson VIT Balanced Portfolio |
Empower Lifetime 2020 Fund(a) | Janus Henderson VIT Enterprise Portfolio |
Empower Lifetime 2025 Fund(a) | Janus Henderson VIT Flexible Bond Portfolio |
Empower Lifetime 2030 Fund(a) | Janus Henderson VIT Forty Portfolio |
Empower Lifetime 2035 Fund(a) | Janus Henderson VIT Global Research Portfolio |
Empower Lifetime 2040 Fund(a) | Janus Henderson VIT Global Technology and Innovation Portfolio |
Empower Lifetime 2045 Fund(a) | Janus Henderson VIT Overseas Portfolio |
Empower Lifetime 2050 Fund(a) | JP Morgan Insurance Trust Small Cap Core Portfolio |
Empower Lifetime 2055 Fund(a) | JP Morgan Insurance Trust Us Equity Portfolio |
Empower Lifetime 2060 Fund(a)(b) | Lord Abbett Series Developing Growth Portfolio |
Empower Mid Cap Value Fund(a) | Lord Abbett Series Total Return Portfolio |
Empower Moderate Profile Fund(a) | MFS VIT Growth Series |
Empower Moderately Aggressive Profile Fund(a) | MFS VIT II International Growth Portfolio |
Empower Moderately Conservative Profile Fund(a) | MFS VIT III Blended Research Small Cap Equity Portfolio |
Empower Multi- Sector Bond Fund(a) | MFS VIT III Global Real Estate Portfolio |
90
MFS VIT III Mid Cap Value Portfolio | Putnam VT Global Asset Allocation Fund |
MFS VIT Mid Cap Growth Series | Putnam VT Global Equity Fund |
MFS VIT Research Series | Putnam VT Growth Opportunities Fund |
MFS VIT Total Return Bond Series | Putnam VT High Yield Fund |
MFS VIT Value Series | Putnam VT Income Fund |
Neuberger Berman AMT Mid Cap Growth Portfolio | Putnam VT International Value Fund |
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio | Putnam VT Research Fund(b) |
Neuberger Berman AMT Sustainable Equity Portfolio | Putnam VT Small Cap Value Fund |
Pimco VIT Commodity Real Return Strategy Portfolio(b) | Putnam VT Sustainable Future Fund |
Pimco VIT Global Bond Opportunities Portfolio (Unhedged) | Royce Capital Fund - Small-Cap Portfolio |
Pimco VIT High Yield Portfolio | T. Rowe Price Blue Chip Growth Portfolio Class II |
Pimco VIT Low Duration Portfolio | Van Eck VIP Emerging Markets Fund |
Pimco VIT Real Return Portfolio | Van Eck VIP Global Hard Assets Fund |
Pimco VIT Total Return Portfolio | Vanguard VIF Global Bond Index(b) |
Pioneer Real Estate Shares VCT Portfolio | Vanguard VIF Total Bond Market Index(b) |
Putnam VT Equity Income Fund | Victory RS Small Cap Growth Equity VIP |
(a)(b)(c)See Subaccount Changes table below
Certain subaccounts that had no investments balances as of December 31, 2022 or that did not have activity during the year ended December 31, 2022 are not presented on the Statements of Assets and Liabilities as of December 31, 2022 or Statements of Operations for the year ended December 31, 2022, respectively.
Subaccount Changes:
(a) During 2022, the following Subaccounts changed their names:
Previous Name | New Name | Date of Change | ||
Great-West Aggressive Profile Fund | Empower Aggressive Profile Fund | August 1, 2022 | ||
Great-West Ariel Mid Cap Value Fund | Empower Ariel Mid Cap Value Fund | August 1, 2022 | ||
Great-West Bond Index Fund | Empower Bond Index Fund | August 1, 2022 | ||
Great-West Conservative Profile Fund | Empower Conservative Profile Fund | August 1, 2022 | ||
Great-West Core Bond Fund | Empower Core Bond Fund | August 1, 2022 | ||
Great-West Emerging Markets Equity Fund | Empower Emerging Markets Equity Fund | August 1, 2022 | ||
Great-West Global Bond Fund | Empower Global Bond Fund | August 1, 2022 | ||
Great-West Government Money Market Fund | Empower Government Money Market Fund | August 1, 2022 | ||
Great-West Inflation- Protected Securities Fund | Empower Inflation- Protected Securities Fund | August 1, 2022 | ||
Great-West International Index Fund | Empower International Index Fund | August 1, 2022 | ||
Great-West International Value Fund | Empower International Value Fund | August 1, 2022 | ||
Great-West Large Cap Growth Fund | Empower Large Cap Growth Fund | August 1, 2022 | ||
Great-West Large Cap Value Fund Investor II Class Fund | Empower Large Cap Value Fund Investor II Class Fund | August 1, 2022 | ||
Great-West Lifetime 2015 Fund | Empower Lifetime 2015 Fund | August 1, 2022 | ||
Great-West Lifetime 2020 Fund | Empower Lifetime 2020 Fund | August 1, 2022 | ||
Great-West Lifetime 2025 Fund | Empower Lifetime 2025 Fund | August 1, 2022 | ||
Great-West Lifetime 2030 Fund | Empower Lifetime 2030 Fund | August 1, 2022 | ||
Great-West Lifetime 2035 Fund | Empower Lifetime 2035 Fund | August 1, 2022 | ||
Great-West Lifetime 2040 Fund | Empower Lifetime 2040 Fund | August 1, 2022 | ||
Great-West Lifetime 2045 Fund | Empower Lifetime 2045 Fund | August 1, 2022 | ||
Great-West Lifetime 2050 Fund | Empower Lifetime 2050 Fund | August 1, 2022 |
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Previous Name | New Name | Date of Change | ||
Great-West Lifetime 2055 Fund | Empower Lifetime 2055 Fund | August 1, 2022 | ||
Great-West Lifetime 2060 Fund | Empower Lifetime 2060 Fund | August 1, 2022 | ||
Great-West Mid Cap Value Fund | Empower Mid Cap Value Fund | August 1, 2022 | ||
Great-West Moderate Profile Fund | Empower Moderate Profile Fund | August 1, 2022 | ||
Great-West Moderately Aggressive Profile Fund | Empower Moderately Aggressive Profile Fund | August 1, 2022 | ||
Great-West Moderately Conservative Profile Fund | Empower Moderately Conservative Profile Fund | August 1, 2022 | ||
Great-West Multi- Sector Bond Fund | Empower Multi- Sector Bond Fund | August 1, 2022 | ||
Great-West Real Estate Index Fund | Empower Real Estate Index Fund | August 1, 2022 | ||
Great-West S&P Mid Cap 400® Index Fund | Empower S&P Mid Cap 400® Index Fund | August 1, 2022 | ||
Great-West S&P Small Cap 600® Index Fund | Empower S&P Small Cap 600® Index Fund | August 1, 2022 | ||
Great-West Short Duration Bond Fund | Empower Short Duration Bond Fund | August 1, 2022 | ||
Great-West Small Cap Growth Fund | Empower Small Cap Growth Fund | August 1, 2022 | ||
Great-West Small Cap Value Fund | Empower Small Cap Value Fund | August 1, 2022 | ||
Great-West T. Rowe Price Mid Cap Growth Fund | Empower T. Rowe Price Mid Cap Growth Fund | August 1, 2022 | ||
Great-West U.S. Government Securities Fund | Empower U.S. Government Securities Fund | August 1, 2022 |
(b) During 2022 or 2021, the following Subaccounts were opened:
Subaccount Name | Date of Commencement | |
American Century Investments VP Ultra Fund | February 11, 2021 | |
Blackrock 60/40 Target Allocation ETF VI Fund | August 26, 2021 | |
DFA VIT Inflation-Protected Securities | April 21, 2022 | |
DWS Core Equity VIP | August 26, 2021 | |
Empower Lifetime 2060 Fund | August 26, 2021 | |
Empower Small Cap Growth Fund | August 26, 2021 | |
Federated Hermes High Income Bond Fund II | February 11, 2021 | |
Fidelity VIP Index 500 Portfolio | December 6, 2021 | |
JP Morgan Insurance Trust Small Cap Core Portfolio | January 3, 2022 | |
JP Morgan Insurance Trust Us Equity Portfolio | January 3, 2022 | |
Pimco VIT Commodity Real Return Strategy Portfolio | May 28, 2021 | |
Putnam VT Research Fund | February 11, 2021 | |
Vanguard VIF Global Bond Index | December 6, 2021 | |
Vanguard VIF Total Bond Market Index | December 6, 2021 |
(c) During 2021, the following Subaccount was closed:
Subaccount Name | Date of Closure | |
Invesco V.I. Technology Fund | March 31, 2021 |
The following is a summary of the significant accounting policies of the Separate Account.
Security Valuation
Mutual fund investments held by the Subaccounts are valued at the reported net asset values of such underlying mutual funds, which value their investment securities at fair value.
The Separate Account classifies its valuations into three levels based upon the observability of inputs to the valuation of the Separate Account’s investments. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:
Level 1 – Unadjusted quoted prices for identical securities in active markets.
Level 2 – Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. These may include quoted prices for similar assets in active markets.
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Level 3 – Unobservable inputs to the extent observable inputs are not available and may include prices obtained from single broker quotes. Unobservable inputs reflect the reporting entity’s own assumptions and would be based on the best information available under the circumstances.
As of December 31, 2022, the only investments of each of the Subaccounts of the Separate Account were in underlying mutual funds that are actively traded, therefore 100% of the investments are valued using Level 1 inputs.
Fund of Funds Structure Risk
Since the Separate Account invests directly in underlying funds, all risks associated with the eligible underlying funds apply to the Separate Account. To the extent the Separate Account invests more of its assets in one underlying fund than another, the Separate Account will have greater exposure to the risks of the underlying fund.
Security Transactions and Investment Income
Transactions are recorded on the trade date. Net realized gains and losses on investments include gains and losses on redemptions of the Subaccounts’ shares (determined for each product using the first-in-first-out (FIFO) basis) and capital gain distributions from the mutual funds. Realized gains and losses on sales of investments are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date and the amounts distributed to the Subaccount for its share of dividends are reinvested in additional full and fractional shares of the related mutual funds.
Receivables and payables from (to) the Policies and the fund manager
Receivables and payables from (to) the Policies and the fund manager include trading activity initiated at the Policy level from the last business day of the year that has not yet been settled with the fund manager.
Receivable Dividends and Other
Receivable dividends and other include dividends declared by the fund managers that have not yet been reinvested in accordance with Subaccounts’ designated reinvestment dates.
Federal Income Taxes
The operations of each of the Subaccounts of the Separate Account are included in the federal income tax return of the Company, which is taxed as a life insurance company under the provisions of the Internal Revenue Code (IRC). The Company is included in the consolidated federal tax return of Great-West Lifeco U.S. Inc. Under the current provisions of the IRC, the Company does not expect to incur federal income taxes on the earnings of each of the Subaccounts of the Separate Account. Based on this, no charge is being made currently to the Separate Account for federal income taxes. The Company will periodically review the status of the federal income tax policy in the event of changes in the tax law. A charge may be made in future years for any federal income taxes that would be attributable to the policies.
Proceeds from Units Sold
Proceeds from Units Sold from policy owners by the Company are credited as accumulation units, and are reported as Policy Transactions on the Statements of Changes in Net Assets of the applicable Subaccounts.
Net Transfers
Net transfers include transfers between Subaccounts of the Separate Account as well as transfers between other investment options of the Company, not included in the Separate Account.
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2. | PURCHASES AND SALES OF INVESTMENTS |
The cost of purchases and proceeds from sales of investments for the year ended December 31, 2022 were as follows:
Subaccount | Purchases | Sales | ||||||
Alger Small Cap Growth Portfolio | $ | 184,595 | $ | 364,192 | ||||
American Century Investments VP Capital Appreciation Fund | 106,237 | 6,872 | ||||||
American Century Investments VP Inflation Protection Fund | 615,738 | 52,949 | ||||||
American Century Investments VP International Fund | 17,713 | 24,053 | ||||||
American Century Investments VP Mid Cap Value Fund | 873,140 | 734,135 | ||||||
American Century Investments VP Ultra Fund | 40,598 | 10,943 | ||||||
American Century Investments VP Value Fund | 360,489 | 850,555 | ||||||
American Fund IS Growth and Income Fund | 46 | 36 | ||||||
American Funds IS Global Small Capitalization Fund | 36,852 | 1,590 | ||||||
American Funds IS Growth Fund | 1,039,394 | 754,075 | ||||||
American Funds IS International Fund | 538,262 | 844,265 | ||||||
American Funds IS New World Fund | 310,053 | 109,753 | ||||||
Blackrock 60/40 Target Allocation ETF VI Fund | 12 | 1 | ||||||
Blackrock Global Allocation VI Fund | 488,080 | 462,021 | ||||||
Blackrock High Yield VI Fund | 332,631 | 86,862 | ||||||
BNY Mellon Stock Index Portfolio | 7,540,696 | 6,304,805 | ||||||
Clearbridge Variable Mid Cap Portfolio | 36,749 | 3,831 | ||||||
Clearbridge Variable Small Cap Growth Portfolio | 464,604 | 379,024 | ||||||
Columbia Variable Portfolio - Small Cap Value Fund | 286,322 | 426,977 | ||||||
Davis Financial Portfolio | 125,975 | 32,075 | ||||||
Davis Value Portfolio | 32,970 | 2,364 | ||||||
Delaware VIP International Series | 13,923 | 118,697 | ||||||
Delaware VIP Small Cap Value Series | 494,192 | 535,707 | ||||||
DFA VIT Inflation-Protected Securities | 359,903 | 179,856 | ||||||
DWS Core Equity VIP | 13 | 1 | ||||||
DWS Croci® U.S. VIP | - | - | ||||||
DWS High Income VIP | 35,837 | 6,447 | ||||||
DWS Small Cap Index VIP | 2,301,672 | 1,394,054 | ||||||
DWS Small Mid Cap Value VIP | 104,729 | 55,943 | ||||||
Eaton Vance Vt Floating-Rate Income Fund | 298,366 | 217,679 | ||||||
Empower Aggressive Profile Fund | 633,336 | 546,878 | ||||||
Empower Ariel Mid Cap Value Fund | 52,274 | 15,780 | ||||||
Empower Bond Index Fund | 1,152,824 | 922,004 | ||||||
Empower Conservative Profile Fund | 602,077 | 131,088 | ||||||
Empower Core Bond Fund | 2,396,372 | 4,666,793 | ||||||
Empower Emerging Markets Equity Fund | 70,178 | 136,106 | ||||||
Empower Global Bond Fund | 467,304 | 200,335 | ||||||
Empower Government Money Market Fund | 28,674,257 | 16,522,827 | ||||||
Empower Inflation- Protected Securities Fund | 13 | 841,551 | ||||||
Empower International Index Fund | 795,975 | 523,687 | ||||||
Empower International Value Fund | 677,493 | 536,539 | ||||||
Empower Large Cap Growth Fund | 656,694 | 427,568 | ||||||
Empower Large Cap Value Fund Investor II Class Fund | 281,318 | 348,098 | ||||||
Empower Lifetime 2015 Fund | 826,101 | 1,246,722 |
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Subaccount | Purchases | Sales | ||||||
Empower Lifetime 2020 Fund | $ | 76,516 | $ | 13,977 | ||||
Empower Lifetime 2025 Fund | 4,217,647 | 852,194 | ||||||
Empower Lifetime 2030 Fund | 938,502 | 352,314 | ||||||
Empower Lifetime 2035 Fund | 718,314 | 118,368 | ||||||
Empower Lifetime 2040 Fund | 506,251 | 56,172 | ||||||
Empower Lifetime 2045 Fund | 346,426 | 247,604 | ||||||
Empower Lifetime 2050 Fund | 144,904 | 43,516 | ||||||
Empower Lifetime 2055 Fund | 333,580 | 92,684 | ||||||
Empower Lifetime 2060 Fund | 13 | 1 | ||||||
Empower Mid Cap Value Fund | 110,580 | 8,964 | ||||||
Empower Moderate Profile Fund | 544,900 | 424,336 | ||||||
Empower Moderately Aggressive Profile Fund | 437,429 | 333,667 | ||||||
Empower Moderately Conservative Profile Fund | 1,141,232 | 319,549 | ||||||
Empower Multi- Sector Bond Fund | 15,564 | 22,561 | ||||||
Empower Real Estate Index Fund | 651,247 | 366,245 | ||||||
Empower S&P Mid Cap 400® Index Fund | 2,008,396 | 2,585,736 | ||||||
Empower S&P Small Cap 600® Index Fund | 656,513 | 464,169 | ||||||
Empower Short Duration Bond Fund | 3,167,213 | 6,035,233 | ||||||
Empower Small Cap Growth Fund | 12 | 1 | ||||||
Empower Small Cap Value Fund | 52,813 | 85,926 | ||||||
Empower T. Rowe Price Mid Cap Growth Fund | 574,462 | 735,229 | ||||||
Empower U.S. Government Securities Fund | 2,365,621 | 5,247,745 | ||||||
Federated Hermes High Income Bond Fund II | 30,413 | 4,193 | ||||||
Federated Hermes Kaufmann Fund II | 47,652 | 4,399 | ||||||
Fidelity VIP Contrafund Portfolio | 254,523 | 164,774 | ||||||
Fidelity VIP Emerging Markets Portfolio | 349,699 | 290,987 | ||||||
Fidelity VIP Growth Portfolio | 5,967 | 10,222 | ||||||
Fidelity VIP Index 500 Portfolio | 2,080,124 | 1,070,501 | ||||||
Fidelity VIP Investment Grade Bond Portfolio | 20,322 | 87,813 | ||||||
Fidelity VIP Mid Cap Portfolio | 97,617 | 113,159 | ||||||
Goldman Sachs VIT Mid Cap Value Fund | 16,568 | 1,330 | ||||||
Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | 190 | 2,769 | ||||||
Invesco Oppenheimer V.I. Main Street Small Cap Fund | 233,836 | 142,575 | ||||||
Invesco V.I. Core Equity Fund | 4,549 | 7,484 | ||||||
Invesco V.I. Global Real Estate Fund | 161,684 | 186,671 | ||||||
Invesco V.I. Health Care Fund | 5,335 | 1,605 | ||||||
Invesco V.I. International Growth Fund | 597,739 | 336,711 | ||||||
Invesco V.I. Mid Cap Core Equity Fund | 0 | * | 506,618 | |||||
Invesco V.I. Technology Fund | 0 | * | - | |||||
Janus Henderson VIT Balanced Portfolio | 935,357 | 594,147 | ||||||
Janus Henderson VIT Enterprise Portfolio | 229,835 | 159,330 | ||||||
Janus Henderson VIT Flexible Bond Portfolio | 1,061,020 | 1,056,461 | ||||||
Janus Henderson VIT Forty Portfolio | 399,291 | 101,114 | ||||||
Janus Henderson VIT Global Research Portfolio | 20,067 | 21,147 | ||||||
Janus Henderson VIT Global Technology and Innovation Portfolio | 872,701 | 726,078 | ||||||
Janus Henderson VIT Overseas Portfolio | 1,249 | 1,220 | ||||||
JP Morgan Insurance Trust Small Cap Core Portfolio | 14 | 1 | ||||||
JP Morgan Insurance Trust US Equity Portfolio | 13 | 1 | ||||||
Lord Abbett Series Developing Growth Portfolio | - | 29,927 | ||||||
Lord Abbett Series Total Return Portfolio | 355,185 | 305,796 | ||||||
MFS VIT Growth Series | 1,816 | 6,585 |
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Subaccount | Purchases | Sales | ||||||
MFS VIT II International Growth Portfolio | $ | 803,411 | $ | 616,491 | ||||
MFS VIT III Blended Research Small Cap Equity Portfolio | 2,770 | 2,821 | ||||||
MFS VIT III Global Real Estate Portfolio | 94,527 | 15,421 | ||||||
MFS VIT III Mid Cap Value Portfolio | 58,086 | 38,871 | ||||||
MFS VIT Mid Cap Growth Series | 347,525 | 497,307 | ||||||
MFS VIT Research Series | 8,463 | 26,961 | ||||||
MFS VIT Total Return Bond Series | 121,043 | 70,936 | ||||||
MFS VIT Value Series | 548,515 | 655,111 | ||||||
Neuberger Berman AMT Mid Cap Growth Portfolio | 4,294 | 4,543 | ||||||
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio | 0 | * | 70,455 | |||||
Neuberger Berman AMT Sustainable Equity Portfolio | 19,036 | 9,669 | ||||||
Pimco VIT Commodity Real Return Strategy Portfolio | 30,435 | 984 | ||||||
Pimco VIT Global Bond Opportunities Portfolio (Unhedged) | 372,373 | 486,914 | ||||||
Pimco VIT High Yield Portfolio | 238,815 | 212,664 | ||||||
Pimco VIT Low Duration Portfolio | 2,495,617 | 6,131,213 | ||||||
Pimco VIT Real Return Portfolio | 240,909 | 364,047 | ||||||
Pimco VIT Total Return Portfolio | 1,028,922 | 849,297 | ||||||
Pioneer Real Estate Shares VCT Portfolio | 58,552 | 96,399 | ||||||
Putnam VT Equity Income Fund | 1,333,841 | 704,326 | ||||||
Putnam VT Global Asset Allocation Fund | 1,444 | 6,198 | ||||||
Putnam VT Global Equity Fund | 83,173 | 32,454 | ||||||
Putnam VT Growth Opportunities Fund | 370,026 | 831,036 | ||||||
Putnam VT High Yield Fund | 21,363 | 41,410 | ||||||
Putnam VT Income Fund | 14,095 | 949 | ||||||
Putnam VT International Value Fund | 672,167 | 333,873 | ||||||
Putnam VT Research Fund | 192,962 | 53,204 | ||||||
Putnam VT Small Cap Value Fund | 3,874 | 1,388 | ||||||
Putnam VT Sustainable Future Fund | 122,776 | 49,432 | ||||||
Royce Capital Fund - Small-Cap Portfolio | 1,258 | 1,607 | ||||||
T. Rowe Price Blue Chip Growth Portfolio Class II | 2,051,667 | 2,210,008 | ||||||
Van Eck VIP Emerging Markets Fund | 8,296 | 768 | ||||||
Van Eck VIP Global Hard Assets Fund | 175,805 | 332,691 | ||||||
Vanguard VIF Global Bond Index | 172,274 | 130,191 | ||||||
Vanguard VIF Total Bond Market Index | 1,219,100 | 135,034 | ||||||
Victory RS Small Cap Growth Equity VIP | 16 | 8,099 |
*The Subaccount had activity that did not round to $1.
3. | EXPENSES AND RELATED PARTY TRANSACTIONS |
Cost of Insurance
The Company deducts from each participant’s account an amount to pay for the insurance provided on each life. This charge varies based on individual characteristics of the policy holder, is assessed through a redemption of units, and is recorded as Transfers for Policy benefits and terminations on the Statements of Changes in Net Assets of the applicable Subaccounts.
Charges Incurred for Partial Surrenders
The Company deducts from each participant’s account a maximum administrative fee of $25 for all partial withdrawals after the first withdrawal made during the same policy year. This charge is deducted at surrender, assessed through a redemption of units, and recorded as Transfers for Policy benefits and terminations on the Statements of Changes in Net Assets of the applicable Subaccounts.
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Charges Incurred for Change of Death Benefit Option Fee
The Company deducts from each participant’s account a maximum fee of $100 for each change of death benefit option. This charge is assessed through a redemption of units and recorded as Transfers for Policy benefits and terminations on the Statements of Changes in Net Assets of the applicable Subaccounts.
Transfer Charges
The Company deducts from each participant’s account a fee of $10 for each transfer between Subaccounts in excess of 12 transfers in any calendar year. This charge is assessed through a redemption of units and recorded as Transfers for Policy benefits and terminations on the Statements of Changes in Net Assets of the applicable Subaccounts.
Service Charge
The Company deducts from each participant’s account an amount equal to a maximum of $10 per month. This charge compensates the Company for certain administrative costs, is assessed through a redemption of units, and recorded as Policy maintenance charges on the Statements of Changes in Net Assets of the applicable Subaccounts.
Deductions for Assumption of Mortality and Expense Risks
The Company deducts an amount, computed and accrued daily, from each participant’s account equal to an annual rate that will not exceed 0.90% annually. Currently, the charge is 0.28% for Policy Years 1 through 20 and 0.10% thereafter. These charges compensate the Company for its assumption of certain mortality, death benefit and expense risks. The charges are recognized as Policy Maintenance Charges in the Statements of Changes of in Net Assets of the applicable Subaccount.
If the above charges prove insufficient to cover actual costs and assumed risks, the loss will be borne by the Company; conversely, if the amounts deducted prove more than sufficient, the excess will be a profit to the Company.
Expense Charges Applied to Premium
The Company deducts a maximum charge of 10% from each premium payment received. A maximum of 6.5% of this charge will be deducted as sales load to compensate the Company in part for sales and promotional expenses in connection with selling the policies. A maximum of 3.5% of this charge will be used to cover premium taxes and certain federal income tax obligations resulting from the receipt of premiums. This charge is netted with Proceeds from Units Sold on the Statements of Changes in Net Assets of the applicable Subaccounts.
Supplemental Benefit Charges
The Company deducts from each participant’s account an amount to pay for certain riders selected by the policy holder. This charge varies based on individual characteristics of the policy holder when the rider is added to the Policy and is recorded as Transfers for Policy Benefits and Terminations on the Statements of Changes in Net Assets of the applicable Subaccounts.
Related Party Transactions
Empower Funds, Inc., funds of which are underlying certain Subaccounts, is a registered investment company affiliated with the Company. Empower Capital Management, LLC (ECM), a wholly owned subsidiary of the Company, serves as investment adviser to Empower Funds, Inc. Fees are assessed against the average daily net assets of the portfolios of Empower Funds, Inc. to compensate ECM for investment advisory services.
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4. | FINANCIAL HIGHLIGHTS |
For each Subaccount, the accumulation units outstanding, net assets, investment income ratio, expense ratio (excluding expenses of the underlying funds), total return and accumulation unit fair values for each year or period ended December 31 are included on the following pages. The unit values in the Financial Highlights are calculated based on the net assets and accumulation units outstanding as of December 31 of each year presented and may differ from the unit value reflected on the Statements of Assets and Liabilities due to rounding.
The Expense Ratio represents the annualized policy expenses of the respective Subaccounts of the Separate Account, consisting of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to policy owner accounts through the redemption of units and expenses of the underlying fund have been excluded.
The Total Return amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and expenses assessed through the reduction of unit values. These returns do not include any expenses assessed through the redemption of units. Subaccounts with a date notation indicate the effective date that the investment option was available in the Separate Account. The total returns are calculated for each 12-month period indicated or from the effective date through the end of the reporting period and are not annualized for periods less than one year. When a new Subaccount is added to the Separate Account, the calculation of the total return begins on the day it has investment activity during the period. Unit values and returns for bands or Subaccounts that had no operations activity during the reporting period are not shown.
The Investment Income Ratio represents the dividends, excluding distributions of capital gains, received by the Subaccount from the underlying mutual fund divided by average net assets during the period. It is not annualized for periods less than one year. The ratio excludes those expenses, such as mortality and expense charges, that result in direct reductions in the unit values. The recognition of investment income by the Subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the Subaccount invest.
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As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Alger Small Cap Growth Portfolio | |||||||||||||||||||||||||
2022 | 2 | $ | 208.47 | $ | 390 | 0.00 | % | 0.00 | % | (38.01 | )% | ||||||||||||||
2021 | 3 | 336.31 | 849 | 0.00 | % | 0.00 | % | (6.06 | )% | ||||||||||||||||
2020 | 21 | 358.01 | 737 | 1.12 | % | 0.00 | % | 67.18 | % | ||||||||||||||||
2019 | 3 | 214.15 | 536 | 0.00 | % | 0.00 | % | 29.34 | % | ||||||||||||||||
2018 | 3 | 165.57 | 455 | 0.00 | % | 0.00 | % | 1.44 | % | ||||||||||||||||
American Century Investments VP Capital Appreciation Fund | |||||||||||||||||||||||||
2022 | 21 | 20.44 | 422 | 0.00 | % | 0.00 | % | (28.11 | )% | ||||||||||||||||
2021 | 19 | 28.43 | 532 | 0.00 | % | 0.00 | % | 11.16 | % | ||||||||||||||||
2020 | 19 | 25.58 | 486 | 0.00 | % | 0.00 | % | 42.42 | % | ||||||||||||||||
2019 | 19 | 17.96 | 347 | 0.00 | % | 0.00 | % | 35.56 | % | ||||||||||||||||
2018 | 13 | 13.24 | 174 | 0.00 | % | 0.00 | % | (5.20 | )% | ||||||||||||||||
American Century Investments VP Inflation Protection Fund | |||||||||||||||||||||||||
2022 | 318 | 11.16 | 3,548 | 5.04 | % | 0.00 | % | (13.08 | )% | ||||||||||||||||
2021 | 287 | 12.84 | 3,681 | 3.11 | % | 0.00 | % | 6.27 | % | ||||||||||||||||
2020 | 292 | 12.09 | 3,524 | 1.88 | % | 0.00 | % | 9.57 | % | ||||||||||||||||
2019 | 68 | 11.03 | 754 | 2.34 | % | 0.00 | % | 8.90 | % | ||||||||||||||||
2018 | 64 | 10.13 | 644 | 2.92 | % | 0.00 | % | (2.82 | )% | ||||||||||||||||
American Century Investments VP International Fund | |||||||||||||||||||||||||
2022 | 3 | 16.20 | 43 | 1.38 | % | 0.00 | % | (24.75 | )% | ||||||||||||||||
2021 | 3 | 21.54 | 71 | 0.16 | % | 0.00 | % | 8.75 | % | ||||||||||||||||
2020 | 3 | 19.80 | 67 | 0.60 | % | 0.00 | % | 25.89 | % | ||||||||||||||||
2019 | 4 | 15.73 | 59 | 0.89 | % | 0.00 | % | 28.42 | % | ||||||||||||||||
2018 | 4 | 12.25 | 52 | 1.24 | % | 0.00 | % | (15.22 | )% | ||||||||||||||||
American Century Investments VP Mid Cap Value Fund | |||||||||||||||||||||||||
2022 | 102 | 15.00 | 1,526 | 2.23 | % | 0.00 | % | (1.19 | )% | ||||||||||||||||
2021 | 111 | 15.19 | 1,689 | 1.11 | % | 0.00 | % | 23.20 | % | ||||||||||||||||
2020 | 133 | 12.33 | 1,641 | 2.97 | % | 0.00 | % | 1.19 | % | ||||||||||||||||
2019 | 3 | 12.18 | 37 | 1.58 | % | 0.00 | % | 29.15 | % | ||||||||||||||||
American Century Investments VP Ultra Fund | |||||||||||||||||||||||||
2022 | 3 | 51.55 | 167 | 0.00 | % | 0.00 | % | (32.38 | )% | ||||||||||||||||
2021 | 3 | 76.24 | 241 | 0.00 | % | 0.00 | % | 662.37 | % |
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As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
American Century Investments VP Value Fund | |||||||||||||||||||||||||
2022 | 15 | $ | 64.01 | $ | 937 | 2.02 | % | 0.00 | % | 0.54 | % | ||||||||||||||
2021 | 24 | 63.66 | 1,544 | 1.74 | % | 0.00 | % | 24.51 | % | ||||||||||||||||
2020 | 24 | 51.13 | 1,234 | 2.20 | % | 0.00 | % | 0.97 | % | ||||||||||||||||
2019 | 24 | 50.64 | 1,202 | 2.12 | % | 0.00 | % | 27.03 | % | ||||||||||||||||
2018 | 21 | 39.86 | 844 | 1.70 | % | 0.00 | % | (9.15 | )% | ||||||||||||||||
American Fund IS Growth and Income Fund | |||||||||||||||||||||||||
2022 | 0 | * | 14.14 | 0 | * | 1.28 | % | 0.00 | % | (16.47 | )% | ||||||||||||||
2021 | 0 | * | 16.93 | - | 1.12 | % | 0.00 | % | 24.07 | % | |||||||||||||||
2020 | 0 | * | 13.65 | 3 | 1.46 | % | 0.00 | % | 13.55 | % | |||||||||||||||
American Funds IS Global Small Capitalization Fund | |||||||||||||||||||||||||
2022 | 3 | 18.39 | 56 | 0.00 | % | 0.00 | % | (29.55 | )% | ||||||||||||||||
2021 | 2 | 26.10 | 64 | 0.00 | % | 0.00 | % | 6.74 | % | ||||||||||||||||
2020 | 8 | 24.46 | 201 | 0.18 | % | 0.00 | % | 29.74 | % | ||||||||||||||||
2019 | 9 | 18.85 | 177 | 0.18 | % | 0.00 | % | 31.52 | % | ||||||||||||||||
2018 | 9 | 14.33 | 126 | 0.09 | % | 0.00 | % | (10.55 | )% | ||||||||||||||||
American Funds IS Growth Fund | |||||||||||||||||||||||||
2022 | 70 | 41.55 | 2,896 | 0.32 | % | 0.00 | % | (29.94 | )% | ||||||||||||||||
2021 | 74 | 59.30 | 4,368 | 0.20 | % | 0.00 | % | 21.99 | % | ||||||||||||||||
2020 | 95 | 48.61 | 4,622 | 0.32 | % | 0.00 | % | 52.10 | % | ||||||||||||||||
2019 | 114 | 31.96 | 3,640 | 0.83 | % | 0.00 | % | 30.77 | % | ||||||||||||||||
2018 | 98 | 24.44 | 2,394 | 0.44 | % | 0.00 | % | (0.25 | )% | ||||||||||||||||
American Funds IS International Fund | |||||||||||||||||||||||||
2022 | 113 | 13.71 | 1,548 | 1.62 | % | 0.00 | % | (20.79 | )% | ||||||||||||||||
2021 | 150 | 17.30 | 2,593 | 2.67 | % | 0.00 | % | (1.50 | )% | ||||||||||||||||
2020 | 64 | 17.57 | 1,132 | 0.77 | % | 0.00 | % | 14.00 | % | ||||||||||||||||
2019 | 33 | 15.41 | 501 | 1.06 | % | 0.00 | % | 22.89 | % | ||||||||||||||||
2018 | 117 | 1,469 | 1.68 | % | 0.00 | % | (13.14 | )% | |||||||||||||||||
American Funds IS New World Fund | |||||||||||||||||||||||||
2022 | 54 | 25.60 | 1,374 | 1.33 | % | 0.00 | % | (22.10 | )% | ||||||||||||||||
2021 | 52 | 32.86 | 1,722 | 0.77 | % | 0.00 | % | 4.92 | % | ||||||||||||||||
2020 | 69 | 31.32 | 2,150 | 0.08 | % | 0.00 | % | 23.60 | % | ||||||||||||||||
2019 | 64 | 25.34 | 1,633 | 0.94 | % | 0.00 | % | 29.14 | % | ||||||||||||||||
2018 | 80 | 19.62 | 1,568 | 0.86 | % | 0.00 | % | (14.04 | )% |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
100
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Blackrock 60/40 Target Allocation ETF VI Fund | |||||||||||||||||||||||||
2022 | 0 | * | $ | 11.68 | $ | 0 | * | 3.21 | % | 0.00 | % | (15.03 | )% | ||||||||||||
2021 | - | 13.75 | - | 5.30 | % | 0.00 | % | 37.50 | % | ||||||||||||||||
Blackrock Global Allocation VI Fund | |||||||||||||||||||||||||
2022 | 179 | 13.98 | 2,503 | 0.00 | % | 0.00 | % | (15.86 | )% | ||||||||||||||||
2021 | 179 | 16.62 | 2,983 | 0.98 | % | 0.00 | % | 6.67 | % | ||||||||||||||||
2020 | 10 | 15.58 | 158 | 1.56 | % | 0.00 | % | 20.96 | % | ||||||||||||||||
2019 | 0 | * | 12.88 | 5 | 1.11 | % | 0.00 | % | 17.99 | % | |||||||||||||||
2018 | 2 | 10.91 | 21 | 0.99 | % | 0.00 | % | (7.34 | )% | ||||||||||||||||
Blackrock High Yield VI Fund | |||||||||||||||||||||||||
2022 | 65 | 10.63 | 693 | 5.37 | % | 0.00 | % | (10.34 | )% | ||||||||||||||||
2021 | 47 | 11.86 | 555 | 4.53 | % | 0.00 | % | 5.32 | % | ||||||||||||||||
2020 | 3 | 11.26 | 30 | 0.00 | % | 0.00 | % | 7.30 | % | ||||||||||||||||
BNY Mellon Stock Index Portfolio | |||||||||||||||||||||||||
2022 | 642 | 38.27 | 24,575 | 1.35 | % | 0.00 | % | (18.32 | )% | ||||||||||||||||
2021 | 669 | 46.86 | 31,356 | 1.11 | % | 0.00 | % | 28.41 | % | ||||||||||||||||
2020 | 692 | 36.49 | 25,248 | 1.66 | % | 0.00 | % | 18.01 | % | ||||||||||||||||
2019 | 988 | 30.92 | 30,559 | 1.72 | % | 0.00 | % | 31.18 | % | ||||||||||||||||
2018 | 1,060 | 23.57 | 24,987 | 1.67 | % | 0.00 | % | (4.64 | )% | ||||||||||||||||
Clearbridge Variable Mid Cap Portfolio | |||||||||||||||||||||||||
2022 | 7 | 16.17 | 112 | 0.35 | % | 0.00 | % | (25.31 | )% | ||||||||||||||||
2021 | 6 | 21.64 | 123 | 0.02 | % | 0.00 | % | 28.71 | % | ||||||||||||||||
2020 | 9 | 16.82 | 155 | 0.31 | % | 0.00 | % | 15.34 | % | ||||||||||||||||
2019 | 8 | 14.58 | 121 | 0.85 | % | 0.00 | % | 32.95 | % | ||||||||||||||||
2018 | 4 | 10.96 | 48 | 0.65 | % | 0.00 | % | (12.52 | )% | ||||||||||||||||
Clearbridge Variable Small Cap Growth Portfolio | |||||||||||||||||||||||||
2022 | 19 | 21.21 | 409 | 0.00 | % | 0.00 | % | (28.85 | )% | ||||||||||||||||
2021 | 17 | 29.81 | 492 | 0.00 | % | 0.00 | % | 12.61 | % | ||||||||||||||||
2020 | 18 | 26.47 | 489 | 0.00 | % | 0.00 | % | 43.26 | % | ||||||||||||||||
2019 | 11 | 18.48 | 211 | 0.00 | % | 0.00 | % | 26.87 | % | ||||||||||||||||
2018 | 4 | 14.56 | 53 | 0.00 | % | 0.00 | % | 3.44 | % |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
101
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Columbia Variable Portfolio - Small Cap Value Fund | |||||||||||||||||||||||||
2022 | 3 | $ | 42.08 | $ | 116 | 0.11 | % | 0.00 | % | (8.69 | )% | ||||||||||||||
2021 | 6 | 46.08 | 281 | 0.68 | % | 0.00 | % | 29.19 | % | ||||||||||||||||
2020 | 7 | 35.67 | 154 | 0.74 | % | 0.00 | % | 8.79 | % | ||||||||||||||||
2019 | 4 | 32.79 | 141 | 0.64 | % | 0.00 | % | 21.34 | % | ||||||||||||||||
2018 | 2 | 27.02 | 56 | 0.41 | % | 0.00 | % | (18.01 | )% | ||||||||||||||||
Davis Financial Portfolio | |||||||||||||||||||||||||
2022 | 10 | 30.92 | 321 | 2.27 | % | 0.00 | % | (8.53 | )% | ||||||||||||||||
2021 | 8 | 33.80 | 275 | 3.43 | % | 0.00 | % | 30.54 | % | ||||||||||||||||
2020 | 1 | 25.89 | 37 | 1.57 | % | 0.00 | % | (5.99 | )% | ||||||||||||||||
2019 | 2 | 27.54 | 58 | 1.57 | % | 0.00 | % | 25.86 | % | ||||||||||||||||
2018 | 2 | 21.88 | 41 | 1.35 | % | 0.00 | % | (10.67 | )% | ||||||||||||||||
Davis Value Portfolio | |||||||||||||||||||||||||
2022 | 4 | 30.07 | 127 | 1.29 | % | 0.00 | % | (20.13 | )% | ||||||||||||||||
2021 | 4 | 37.64 | 162 | 0.60 | % | 0.00 | % | 17.85 | % | ||||||||||||||||
2020 | 4 | 31.94 | 139 | 0.81 | % | 0.00 | % | 11.73 | % | ||||||||||||||||
2019 | 4 | 28.59 | 127 | 1.65 | % | 0.00 | % | 31.16 | % | ||||||||||||||||
2018 | 5 | 21.80 | 98 | 0.87 | % | 0.00 | % | (13.60 | )% | ||||||||||||||||
Delaware VIP International Series | |||||||||||||||||||||||||
2022 | 7 | 8.99 | 60 | 0.88 | % | 0.00 | % | (17.37 | )% | ||||||||||||||||
2021 | 18 | 10.88 | 191 | 0.91 | % | 0.00 | % | 6.87 | % | ||||||||||||||||
2020 | 18 | 10.18 | 183 | 0.00 | % | 0.00 | % | 1.81 | % | ||||||||||||||||
2019 | 3 | 12.52 | 40 | 0.01 | % | 0.00 | % | 19.31 | % | ||||||||||||||||
2018 | 0 | * | 11.14 | 0 | * | 0.00 | % | 0.00 | % | (17.64 | )% | ||||||||||||||
Delaware VIP Small Cap Value Series | |||||||||||||||||||||||||
2022 | 30 | 17.43 | 522 | 0.44 | % | 0.00 | % | (12.36 | )% | ||||||||||||||||
2021 | 35 | 19.88 | 700 | 0.59 | % | 0.00 | % | 34.01 | % | ||||||||||||||||
2020 | 25 | 14.84 | 369 | 1.10 | % | 0.00 | % | (2.19 | )% | ||||||||||||||||
2019 | 9 | 15.17 | 142 | 0.90 | % | 0.00 | % | 27.72 | % | ||||||||||||||||
2018 | 3 | 11.88 | 32 | 0.61 | % | 0.00 | % | (16.95 | )% | ||||||||||||||||
DFA VIT Inflation-Protected Securities | |||||||||||||||||||||||||
2022 | 17 | 9.23 | 157 | 12.34 | % | 0.00 | % | (7.71 | )% |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
102
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
DWS Core Equity VIP | |||||||||||||||||||||||||
2022 | 0 | * | $ | 34.25 | $ | 0 | * | 0.59 | % | 0.00 | % | (15.88 | )% | ||||||||||||
DWS Croci® U.S. VIP | |||||||||||||||||||||||||
2022 | - | 18.07 | - | 0.00 | % | 0.00 | % | (15.40 | )% | ||||||||||||||||
2021 | - | - | - | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||
2020 | 8 | 16.86 | 143 | 2.02 | % | 0.00 | % | (12.14 | )% | ||||||||||||||||
2019 | 15 | 19.19 | 285 | 1.97 | % | 0.00 | % | 32.95 | % | ||||||||||||||||
2018 | 19 | 14.44 | 281 | 2.62 | % | 0.00 | % | (10.50 | )% | ||||||||||||||||
DWS High Income VIP | |||||||||||||||||||||||||
2022 | 11 | 20.86 | 231 | 5.23 | % | 0.00 | % | (8.88 | )% | ||||||||||||||||
2021 | 10 | 22.89 | 233 | 3.47 | % | 0.00 | % | 4.00 | % | ||||||||||||||||
2020 | 8 | 22.01 | 168 | 5.16 | % | 0.00 | % | 6.22 | % | ||||||||||||||||
2019 | 6 | 20.72 | 119 | 6.03 | % | 0.00 | % | 15.69 | % | ||||||||||||||||
2018 | 4 | 17.91 | 65 | 8.15 | % | 0.00 | % | (2.52 | )% | ||||||||||||||||
DWS Small Cap Index VIP | |||||||||||||||||||||||||
2022 | 258 | 29.52 | 7,629 | 0.91 | % | 0.00 | % | (20.64 | )% | ||||||||||||||||
2021 | 278 | 37.19 | 10,326 | 0.86 | % | 0.00 | % | 14.50 | % | ||||||||||||||||
2020 | 265 | 32.48 | 8,594 | 1.30 | % | 0.00 | % | 19.42 | % | ||||||||||||||||
2019 | 268 | 27.20 | 7,280 | 1.06 | % | 0.00 | % | 25.22 | % | ||||||||||||||||
2018 | 272 | 21.72 | 5,913 | 0.95 | % | 0.00 | % | (11.23 | )% | ||||||||||||||||
DWS Small Mid Cap Value VIP | |||||||||||||||||||||||||
2022 | 45 | 29.44 | 1,335 | 0.85 | % | 0.00 | % | (15.80 | )% | ||||||||||||||||
2021 | 45 | 34.97 | 1,564 | 1.22 | % | 0.00 | % | 30.50 | % | ||||||||||||||||
2020 | 49 | 26.80 | 1,322 | 1.61 | % | 0.00 | % | (0.79 | )% | ||||||||||||||||
2019 | 65 | 27.01 | 1,768 | 0.72 | % | 0.00 | % | 21.51 | % | ||||||||||||||||
2018 | 70 | 22.23 | 1,556 | 1.37 | % | 0.00 | % | (16.01 | )% | ||||||||||||||||
Eaton Vance Vt Floating-Rate Income Fund | |||||||||||||||||||||||||
2022 | 115 | 11.98 | 1,383 | 4.65 | % | 0.00 | % | (2.74 | )% | ||||||||||||||||
2021 | 114 | 12.32 | 1,405 | 2.89 | % | 0.00 | % | 3.61 | % | ||||||||||||||||
2020 | 6 | 11.89 | 74 | 0.27 | % | 0.00 | % | 2.02 | % |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
103
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Empower Aggressive Profile Fund | |||||||||||||||||||||||||
2022 | 38 | $ | 14.47 | $ | 556 | 1.31 | % | 0.00 | % | (15.17 | )% | ||||||||||||||
2021 | 39 | 17.05 | 673 | 5.96 | % | 0.00 | % | 19.49 | % | ||||||||||||||||
2020 | 43 | 14.27 | 618 | 1.71 | % | 0.00 | % | 12.03 | % | ||||||||||||||||
2019 | 44 | 12.74 | 566 | 1.29 | % | 0.00 | % | 26.10 | % | ||||||||||||||||
2018 | 107 | 10.11 | 1,084 | 2.98 | % | 0.00 | % | (10.41 | )% | ||||||||||||||||
Empower Ariel Mid Cap Value Fund | |||||||||||||||||||||||||
2022 | 3 | 66.65 | 178 | 5.05 | % | 0.00 | % | (12.94 | )% | ||||||||||||||||
2021 | 3 | 76.56 | 219 | 2.18 | % | 0.00 | % | 26.13 | % | ||||||||||||||||
2020 | 6 | 60.70 | 345 | 2.85 | % | 0.00 | % | 9.09 | % | ||||||||||||||||
2019 | 5 | 55.64 | 262 | 1.32 | % | 0.00 | % | 24.32 | % | ||||||||||||||||
2018 | 4 | 44.76 | 197 | 0.69 | % | 0.00 | % | (14.40 | )% | ||||||||||||||||
Empower Bond Index Fund | |||||||||||||||||||||||||
2022 | 249 | 13.88 | 3,453 | 1.16 | % | 0.00 | % | (13.68 | )% | ||||||||||||||||
2021 | 236 | 16.08 | 3,793 | 0.80 | % | 0.00 | % | (2.39 | )% | ||||||||||||||||
2020 | 235 | 16.47 | 3,872 | 1.81 | % | 0.00 | % | 7.18 | % | ||||||||||||||||
2019 | 155 | 15.37 | 2,378 | 1.08 | % | 0.00 | % | 8.09 | % | ||||||||||||||||
2018 | 139 | 14.22 | 1,976 | 1.33 | % | 0.00 | % | (0.41 | )% | ||||||||||||||||
Empower Conservative Profile Fund | |||||||||||||||||||||||||
2022 | 97 | 11.67 | 1,134 | 1.97 | % | 0.00 | % | (9.93 | )% | ||||||||||||||||
2021 | 61 | 12.96 | 787 | 2.21 | % | 0.00 | % | 6.35 | % | ||||||||||||||||
2020 | 90 | 12.19 | 1,096 | 2.14 | % | 0.00 | % | 8.22 | % | ||||||||||||||||
2019 | 97 | 11.26 | 1,087 | 1.72 | % | 0.00 | % | 11.54 | % | ||||||||||||||||
2018 | 78 | 10.10 | 792 | 8.65 | % | 0.00 | % | (3.15 | )% | ||||||||||||||||
Empower Core Bond Fund | |||||||||||||||||||||||||
2022 | 9 | 14.25 | 123 | 0.63 | % | 0.00 | % | (14.70 | )% | ||||||||||||||||
2021 | 164 | 16.71 | 2,744 | 0.78 | % | 0.00 | % | (1.55 | )% | ||||||||||||||||
2020 | 164 | 16.97 | 2,776 | 2.80 | % | 0.00 | % | 8.04 | % | ||||||||||||||||
2019 | 162 | 15.71 | 2,541 | 2.43 | % | 0.00 | % | 9.19 | % | ||||||||||||||||
2018 | 166 | 14.39 | 2,394 | 2.39 | % | 0.00 | % | (1.21 | )% | ||||||||||||||||
Empower Emerging Markets Equity Fund | |||||||||||||||||||||||||
2022 | 7 | 8.90 | 61 | 0.76 | % | 0.00 | % | (22.34 | )% | ||||||||||||||||
2021 | 14 | 11.46 | 164 | 1.93 | % | 0.00 | % | (4.43 | )% | ||||||||||||||||
2020 | 8 | 12.00 | 96 | 9.53 | % | 0.00 | % | 19.59 | % | ||||||||||||||||
2019 | - | 10.03 | 3 | 0.98 | % | 0.00 | % | 21.67 | % | ||||||||||||||||
2018 | - | 8.24 | 2 | 0.82 | % | 0.00 | % | (17.55 | )% |
104
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Empower Global Bond Fund | |||||||||||||||||||||||||
2022 | 111 | $ | 12.43 | $ | 1,386 | 0.80 | % | 0.00 | % | (14.65 | )% | ||||||||||||||
2021 | 95 | 14.56 | 1,386 | 0.80 | % | 0.00 | % | (6.46 | )% | ||||||||||||||||
2020 | 109 | 15.57 | 1,696 | 1.02 | % | 0.00 | % | 5.35 | % | ||||||||||||||||
2019 | 182 | 14.78 | 2,696 | 3.22 | % | 0.00 | % | 4.07 | % | ||||||||||||||||
2018 | 336 | 14.20 | 4,773 | 2.55 | % | 0.00 | % | (0.27 | )% | ||||||||||||||||
Empower Government Money Market Fund | |||||||||||||||||||||||||
2022 | 2,396 | 13.68 | 32,781 | 1.37 | % | 0.00 | % | 1.22 | % | ||||||||||||||||
2021 | 1,526 | 13.52 | 20,623 | 0.01 | % | 0.00 | % | 0.01. | % | ||||||||||||||||
2020 | 1,744 | 13.52 | 23,577 | 0.23 | % | 0.00 | % | 0.28 | % | ||||||||||||||||
2019 | 1,054 | 13.48 | 14,207 | 1.72 | % | 0.00 | % | 1.76 | % | ||||||||||||||||
2018 | 656 | 13.25 | 8,692 | 1.37 | % | 0.00 | % | 1.39 | % | ||||||||||||||||
Empower Inflation- Protected Securities Fund | |||||||||||||||||||||||||
2022 | 0 | * | 10.87 | 0 | * | 0.00 | % | 0.00 | % | (8.92 | )% | ||||||||||||||
2021 | 73 | 11.93 | 869 | 2.49 | % | 0.00 | % | 4.76 | % | ||||||||||||||||
2020 | 58 | 11.39 | 660 | 0.00 | % | 0.00 | % | 7.57 | % | ||||||||||||||||
Empower International Index Fund | |||||||||||||||||||||||||
2022 | 330 | 13.73 | 4,531 | 1.77 | % | 0.00 | % | (14.74 | )% | ||||||||||||||||
2021 | 317 | 16.10 | 5,105 | 2.21 | % | 0.00 | % | 10.75 | % | ||||||||||||||||
2020 | 225 | 14.54 | 3,267 | 17.50 | % | 0.00 | % | 7.52 | % | ||||||||||||||||
2019 | 0 | * | 13.54 | 1 | 0.50 | % | 0.00 | % | 21.25 | % | |||||||||||||||
2018 | 5 | 11.15 | 54 | 2.16 | % | 0.00 | % | (13.84 | )% | ||||||||||||||||
Empower International Value Fund | |||||||||||||||||||||||||
2022 | 438 | 14.63 | 6,403 | 1.21 | % | 0.00 | % | (15.18 | )% | ||||||||||||||||
2021 | 441 | 17.25 | 7,603 | 2.06 | % | 0.00 | % | 10.83 | % | ||||||||||||||||
2020 | 340 | 15.56 | 5,286 | 1.06 | % | 0.00 | % | 9.76 | % | ||||||||||||||||
2019 | 363 | 14.18 | 5,149 | 1.25 | % | 0.00 | % | 22.07 | % | ||||||||||||||||
2018 | 436 | 11.62 | 5,064 | 1.55 | % | 0.00 | % | (15.58 | )% | ||||||||||||||||
Empower Large Cap Growth Fund | |||||||||||||||||||||||||
2022 | 8 | 56.42 | 428 | 0.39 | % | 0.00 | % | (23.16 | )% | ||||||||||||||||
2021 | 5 | 73.42 | 341 | 1.00 | % | 0.00 | % | 20.84 | % | ||||||||||||||||
2020 | 3 | 60.76 | 180 | 4.14 | % | 0.00 | % | 41.45 | % | ||||||||||||||||
2019 | 0 | * | 42.94 | 19 | 0.09 | % | 0.00 | % | 36.21 | % | |||||||||||||||
2018 | 7 | 31.53 | 207 | 0.25 | % | 0.00 | % | 0.05 | % |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
105
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Empower Large Cap Value Fund Investor II Class Fund | |||||||||||||||||||||||||
2022 | 180 | $ | 13.53 | $ | 2,438 | 1.67 | % | 0.00 | % | (3.41 | )% | ||||||||||||||
2021 | 200 | 14.01 | 2,804 | 1.14 | % | 0.00 | % | 26.15 | % | ||||||||||||||||
2020 | 216 | 11.11 | 2,403 | 1.26 | % | 0.00 | % | 3.90 | % | ||||||||||||||||
2019 | 228 | 10.69 | 2,436 | 0.60 | % | 0.00 | % | 6.91 | % | ||||||||||||||||
Empower Lifetime 2015 Fund | |||||||||||||||||||||||||
2022 | 42 | 13.48 | 566 | 1.39 | % | 0.00 | % | (12.27 | )% | ||||||||||||||||
2021 | 78 | 15.36 | 1,204 | 1.84 | % | 0.00 | % | 8.48 | % | ||||||||||||||||
2020 | 115 | 14.16 | 1,625 | 1.99 | % | 0.00 | % | 10.98 | % | ||||||||||||||||
2019 | 108 | 12.76 | 1,381 | 1.35 | % | 0.00 | % | 15.17 | % | ||||||||||||||||
2018 | 149 | 11.08 | 1,647 | 2.48 | % | 0.00 | % | (4.41 | )% | ||||||||||||||||
Empower Lifetime 2020 Fund | |||||||||||||||||||||||||
2022 | 46 | 13.80 | 640 | 2.06 | % | 0.00 | % | (12.95 | )% | ||||||||||||||||
2021 | 46 | 15.85 | 722 | 2.29 | % | 0.00 | % | 9.17 | % | ||||||||||||||||
2020 | 47 | 14.52 | 675 | 2.33 | % | 0.00 | % | 11.29 | % | ||||||||||||||||
2019 | 38 | 13.05 | 492 | 1.84 | % | 0.00 | % | 16.44 | % | ||||||||||||||||
2018 | 40 | 11.20 | 444 | 2.91 | % | 0.00 | % | (4.95 | )% | ||||||||||||||||
Empower Lifetime 2025 Fund | |||||||||||||||||||||||||
2022 | 536 | 14.21 | 7,624 | 1.83 | % | 0.00 | % | (13.83 | )% | ||||||||||||||||
2021 | 347 | 16.49 | 5,724 | 2.29 | % | 0.00 | % | 10.16 | % | ||||||||||||||||
2020 | 317 | 14.97 | 4,743 | 2.33 | % | 0.00 | % | 12.24 | % | ||||||||||||||||
2019 | 305 | 13.34 | 4,074 | 1.84 | % | 0.00 | % | 18.01 | % | ||||||||||||||||
2018 | 191 | 11.30 | 2,159 | 2.91 | % | 0.00 | % | (5.74 | )% | ||||||||||||||||
Empower Lifetime 2030 Fund | |||||||||||||||||||||||||
2022 | 192 | 14.80 | 2,839 | 1.94 | % | 0.00 | % | (14.62 | )% | ||||||||||||||||
2021 | 170 | 17.34 | 2,942 | 2.57 | % | 0.00 | % | 11.60 | % | ||||||||||||||||
2020 | 153 | 15.54 | 2,377 | 2.38 | % | 0.00 | % | 12.59 | % | ||||||||||||||||
2019 | 119 | 13.80 | 1,637 | 2.07 | % | 0.00 | % | 20.01 | % | ||||||||||||||||
2018 | 105 | 11.50 | 1,211 | 2.91 | % | 0.00 | % | (6.73 | )% |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
106
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Empower Lifetime 2035 Fund | |||||||||||||||||||||||||
2022 | 142 | $ | 15.31 | $ | 2,169 | 1.59 | % | 0.00 | % | (15.62 | )% | ||||||||||||||
2021 | 114 | 18.15 | 2,074 | 2.39 | % | 0.00 | % | 13.46 | % | ||||||||||||||||
2020 | 110 | 15.99 | 1,757 | 2.31 | % | 0.00 | % | 13.27 | % | ||||||||||||||||
2019 | 89 | 14.12 | 1,250 | 1.50 | % | 0.00 | % | 22.17 | % | ||||||||||||||||
2018 | 134 | 11.55 | 1,549 | 2.30 | % | 0.00 | % | (7.86 | )% | ||||||||||||||||
Empower Lifetime 2040 Fund | |||||||||||||||||||||||||
2022 | 108 | 15.83 | 1,710 | 1.78 | % | 0.00 | % | (16.30 | )% | ||||||||||||||||
2021 | 91 | 18.91 | 1,725 | 2.95 | % | 0.00 | % | 15.11 | % | ||||||||||||||||
2020 | 87 | 16.43 | 1,424 | 2.85 | % | 0.00 | % | 13.61 | % | ||||||||||||||||
2019 | 53 | 14.46 | 771 | 1.95 | % | 0.00 | % | 23.82 | % | ||||||||||||||||
2018 | 50 | 11.68 | 580 | 2.75 | % | 0.00 | % | (8.75 | )% | ||||||||||||||||
Empower Lifetime 2045 Fund | |||||||||||||||||||||||||
2022 | 55 | 15.89 | 874 | 1.29 | % | 0.00 | % | (16.82 | )% | ||||||||||||||||
2021 | 55 | 19.10 | 1,058 | 2.37 | % | 0.00 | % | 16.02 | % | ||||||||||||||||
2020 | 71 | 16.46 | 1,170 | 2.47 | % | 0.00 | % | 13.92 | % | ||||||||||||||||
2019 | 47 | 14.45 | 675 | 1.58 | % | 0.00 | % | 24.59 | % | ||||||||||||||||
2018 | 42 | 11.60 | 486 | 1.88 | % | 0.00 | % | (9.36 | )% | ||||||||||||||||
Empower Lifetime 2050 Fund | |||||||||||||||||||||||||
2022 | 29 | 16.04 | 464 | 1.76 | % | 0.00 | % | (16.95 | )% | ||||||||||||||||
2021 | 25 | 19.31 | 487 | 3.05 | % | 0.00 | % | 16.15 | % | ||||||||||||||||
2020 | 25 | 16.63 | 415 | 2.33 | % | 0.00 | % | 13.96 | % | ||||||||||||||||
2019 | 15 | 14.59 | 213 | 1.53 | % | 0.00 | % | 24.82 | % | ||||||||||||||||
2018 | 20 | 11.69 | 228 | 2.77 | % | 0.00 | % | (9.53 | )% | ||||||||||||||||
Empower Lifetime 2055 Fund | |||||||||||||||||||||||||
2022 | 35 | 15.83 | 556 | 1.12 | % | 0.00 | % | (17.13 | )% | ||||||||||||||||
2021 | 23 | 19.10 | 435 | 2.17 | % | 0.00 | % | 16.10 | % | ||||||||||||||||
2020 | 24 | 16.45 | 394 | 1.19 | % | 0.00 | % | 13.95 | % | ||||||||||||||||
2019 | 34 | 14.44 | 485 | 2.24 | % | 0.00 | % | 24.69 | % | ||||||||||||||||
2018 | 15 | 11.58 | 173 | 1.61 | % | 0.00 | % | (9.74 | )% | ||||||||||||||||
Empower Lifetime 2060 Fund | |||||||||||||||||||||||||
2022 | 0 | * | 11.78 | 0 | * | 2.92 | % | 0.00 | % | (17.10 | )% | ||||||||||||||
2021 | 0 | * | 14.21 | 0 | * | 9.41 | % | 0.00 | % | 0.00 | % | ||||||||||||||
2020 | - | 12.26 | - | 0.00 | % | 0.00 | % | 0.00 | % |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
107
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Empower Mid Cap Value Fund | |||||||||||||||||||||||||
2022 | 25 | $ | 15.98 | $ | 392 | 0.61 | % | 0.00 | % | (11.76 | )% | ||||||||||||||
2021 | 19 | 18.11 | 345 | 27.50 | % | 0.00 | % | 30.17 | % | ||||||||||||||||
2020 | 8 | 13.91 | 105 | 0.92 | % | 0.00 | % | (0.35 | )% | ||||||||||||||||
2019 | 6 | 13.96 | 79 | 0.17 | % | 0.00 | % | 20.49 | % | ||||||||||||||||
2018 | 7 | 11.58 | 81 | 4.81 | % | 0.00 | % | (12.31 | )% | ||||||||||||||||
Empower Moderate Profile Fund | |||||||||||||||||||||||||
2022 | 12 | 13.03 | 159 | 1.31 | % | 0.00 | % | (12.02 | )% | ||||||||||||||||
2021 | 6 | 14.81 | 93 | 3.03 | % | 0.00 | % | 11.98 | % | ||||||||||||||||
2020 | 26 | 13.23 | 338 | 1.59 | % | 0.00 | % | 11.23 | % | ||||||||||||||||
2019 | 26 | 11.89 | 311 | 2.04 | % | 0.00 | % | 17.52 | % | ||||||||||||||||
2018 | 28 | 10.12 | 283 | 3.33 | % | 0.00 | % | (6.29 | )% | ||||||||||||||||
Empower Moderately Aggressive Profile Fund | |||||||||||||||||||||||||
2022 | 7 | 13.51 | 96 | 0.92 | % | 0.00 | % | (13.09 | )% | ||||||||||||||||
2021 | 2 | 15.54 | 30 | 4.87 | % | 0.00 | % | 14.25 | % | ||||||||||||||||
2020 | 6 | 13.60 | 83 | 2.01 | % | 0.00 | % | 11.77 | % | ||||||||||||||||
2019 | 9 | 12.17 | 109 | 1.69 | % | 0.00 | % | 20.35 | % | ||||||||||||||||
2018 | 8 | 10.11 | 77 | 3.06 | % | 0.00 | % | (7.63 | )% | ||||||||||||||||
Empower Moderately Conservative Profile Fund | |||||||||||||||||||||||||
2022 | 204 | 12.33 | 2,518 | 1.74 | % | 0.00 | % | (10.82 | )% | ||||||||||||||||
2021 | 151 | 13.83 | 2,094 | 3.77 | % | 0.00 | % | 9.13 | % | ||||||||||||||||
2020 | 111 | 12.67 | 1,401 | 1.78 | % | 0.00 | % | 9.52 | % | ||||||||||||||||
2019 | 12 | 11.57 | 133 | 1.97 | % | 0.00 | % | 14.45 | % | ||||||||||||||||
2018 | 9 | 10.10 | 87 | 2.97 | % | 0.00 | % | (4.72 | )% | ||||||||||||||||
Empower Multi- Sector Bond Fund | |||||||||||||||||||||||||
2022 | 6 | 41.41 | 236 | 2.31 | % | 0.00 | % | (11.42 | )% | ||||||||||||||||
2021 | 6 | 46.74 | 281 | 2.24 | % | 0.00 | % | 0.89 | % | ||||||||||||||||
2020 | 9 | 46.33 | 403 | 2.88 | % | 0.00 | % | 9.09 | % | ||||||||||||||||
2019 | 13 | 42.47 | 566 | 1.72 | % | 0.00 | % | 11.74 | % | ||||||||||||||||
2018 | 13 | 38.01 | 507 | 2.44 | % | 0.00 | % | (3.11 | )% |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
108
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Empower Real Estate Index Fund | |||||||||||||||||||||||||
2022 | 108 | $ | 14.37 | $ | 1,551 | 1.75 | % | 0.00 | % | (26.40 | )% | ||||||||||||||
2021 | 97 | 19.53 | 1,899 | 0.66 | % | 0.00 | % | 44.31 | % | ||||||||||||||||
2020 | 22 | 13.53 | 301 | 1.62 | % | 0.00 | % | (11.57 | )% | ||||||||||||||||
2019 | 18 | 15.30 | 269 | 0.95 | % | 0.00 | % | 22.40 | % | ||||||||||||||||
2018 | 16 | 12.50 | 195 | 2.17 | % | 0.00 | % | (4.85 | )% | ||||||||||||||||
Empower S&P Mid Cap 400® Index Fund | |||||||||||||||||||||||||
2022 | 388 | 23.50 | 9,110 | 0.43 | % | 0.00 | % | (13.55 | )% | ||||||||||||||||
2021 | 428 | 27.18 | 11,622 | 1.51 | % | 0.00 | % | 24.01 | % | ||||||||||||||||
2020 | 353 | 21.92 | 7,744 | 3.45 | % | 0.00 | % | 13.10 | % | ||||||||||||||||
2019 | 84 | 19.38 | 1,621 | 0.32 | % | 0.00 | % | 25.49 | % | ||||||||||||||||
2018 | 90 | 15.44 | 1,388 | 0.69 | % | 0.00 | % | (11.57 | )% | ||||||||||||||||
Empower S&P Small Cap 600® Index Fund | |||||||||||||||||||||||||
2022 | 45 | 19.44 | 866 | 0.52 | % | 0.00 | % | (16.51 | )% | ||||||||||||||||
2021 | 38 | 23.29 | 886 | 2.61 | % | 0.00 | % | 25.94 | % | ||||||||||||||||
2020 | 25 | 18.49 | 469 | 2.82 | % | 0.00 | % | 10.93 | % | ||||||||||||||||
2019 | 2 | 16.67 | 40 | 0.89 | % | 0.00 | % | 22.36 | % | ||||||||||||||||
2018 | 1 | 12.92 | 14 | 1.20 | % | 0.00 | % | (8.99 | )% | ||||||||||||||||
Empower Short Duration Bond Fund | |||||||||||||||||||||||||
2022 | 227 | 14.89 | 3,384 | 1.28 | % | 0.00 | % | (4.25 | )% | ||||||||||||||||
2021 | 425 | 15.55 | 6,603 | 1.04 | % | 0.00 | % | (0.03 | )% | ||||||||||||||||
2020 | 447 | 15.55 | 6,957 | 1.96 | % | 0.00 | % | 4.65 | % | ||||||||||||||||
2019 | 534 | 14.86 | 7,942 | 2.07 | % | 0.00 | % | 5.40 | % | ||||||||||||||||
2018 | 542 | 14.10 | 7,645 | 1.83 | % | 0.00 | % | 0.63 | % | ||||||||||||||||
Empower Small Cap Growth Fund | |||||||||||||||||||||||||
2022 | 0 | * | 19.93 | 0 | * | 0.33 | % | 0.00 | % | (25.36 | )% | ||||||||||||||
2021 | 0 | * | - | 0 | * | 20.96 | % | 0.00 | % | 0.00 | % | ||||||||||||||
Empower Small Cap Value Fund | |||||||||||||||||||||||||
2022 | 19 | 53.09 | 1,030 | 0.06 | % | 0.00 | % | (10.03 | )% | ||||||||||||||||
2021 | 21 | 59.01 | 1,215 | 3.35 | % | 0.00 | % | 30.67 | % | ||||||||||||||||
2020 | 23 | 45.16 | 1,032 | 0.00 | % | 0.00 | % | 3.20 | % | ||||||||||||||||
2019 | 22 | 43.76 | 980 | 0.00 | % | 0.00 | % | 24.67 | % | ||||||||||||||||
2018 | 22 | 35.10 | 756 | 0.00 | % | 0.00 | % | (16.20 | )% |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
109
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Empower T. Rowe Price Mid Cap Growth Fund | |||||||||||||||||||||||||
2022 | 33 | $ | 61.29 | $ | 2,052 | 0.02 | % | 0.00 | % | (22.79 | )% | ||||||||||||||
2021 | 36 | 79.38 | 2,860 | 0.18 | % | 0.00 | % | 14.83 | % | ||||||||||||||||
2020 | 42 | 69.13 | 2,882 | 0.00 | % | 0.00 | % | 24.10 | % | ||||||||||||||||
2019 | 62 | 55.70 | 3,447 | 0.01 | % | 0.00 | % | 31.28 | % | ||||||||||||||||
2018 | 89 | 42.43 | 3,763 | 0.09 | % | 0.00 | % | (2.33 | )% | ||||||||||||||||
Empower U.S. Government Securities Fund | |||||||||||||||||||||||||
2022 | 28 | 21.40 | 599 | 0.70 | % | 0.00 | % | (12.08 | )% | ||||||||||||||||
2021 | 159 | 24.34 | 3,859 | 0.66 | % | 0.00 | % | (2.15 | )% | ||||||||||||||||
2020 | 3,947 | 24.88 | 3,947 | 0.91 | % | 0.00 | % | 5.86 | % | ||||||||||||||||
2019 | 140 | 23.50 | 3,279 | 1.55 | % | 0.00 | % | 6.12 | % | ||||||||||||||||
2018 | 134 | 22.14 | 2,964 | 1.90 | % | 0.00 | % | 0.46 | % | ||||||||||||||||
Federated Hermes High Income Bond Fund II | |||||||||||||||||||||||||
2022 | 5 | 33.06 | 154 | 5.56 | % | 0.00 | % | (11.78 | )% | ||||||||||||||||
2021 | 4 | 37.48 | 158 | 4.00 | % | 0.00 | % | 274.79 | % | ||||||||||||||||
Federated Hermes Kaufmann Fund II | |||||||||||||||||||||||||
2022 | 5 | 32.92 | 162 | 0.00 | % | 0.00 | % | (30.09 | )% | ||||||||||||||||
2021 | 4 | 47.09 | 201 | 0.00 | % | 0.00 | % | 2.51 | % | ||||||||||||||||
2020 | 6 | 45.93 | 262 | 0.00 | % | 0.00 | % | 28.81 | % | ||||||||||||||||
2019 | 6 | 35.66 | 207 | 0.00 | % | 0.00 | % | 33.82 | % | ||||||||||||||||
2018 | 5 | 26.65 | 144 | 0.00 | % | 0.00 | % | 3.84 | % | ||||||||||||||||
Fidelity VIP Contrafund Portfolio | |||||||||||||||||||||||||
2022 | 25 | 52.52 | 1,328 | 0.29 | % | 0.00 | % | (26.49 | )% | ||||||||||||||||
2021 | 25 | 71.45 | 1,766 | 0.03 | % | 0.00 | % | 27.51 | % | ||||||||||||||||
2020 | 35 | 56.03 | 1,949 | 0.04 | % | 0.00 | % | 30.22 | % | ||||||||||||||||
2019 | 31 | 43.03 | 1,336 | 0.23 | % | 0.00 | % | 31.28 | % | ||||||||||||||||
2018 | 81 | 32.78 | 2,660 | 0.44 | % | 0.00 | % | (6.64 | )% | ||||||||||||||||
Fidelity VIP Emerging Markets Portfolio | |||||||||||||||||||||||||
2022 | 147 | 10.95 | 1,612 | 1.56 | % | 0.00 | % | (20.37 | )% | ||||||||||||||||
2021 | 143 | 13.75 | 1,970 | 2.11 | % | 0.00 | % | (2.41 | )% | ||||||||||||||||
2020 | 7 | 14.09 | 104 | 0.00 | % | 0.00 | % | 30.88 | % |
110
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Fidelity VIP Growth Portfolio | |||||||||||||||||||||||||
2022 | 1 | $ | 41.30 | $ | 34 | 0.33 | % | 0.00 | % | (24.63 | )% | ||||||||||||||
2021 | 1 | 54.80 | 53 | 0.00 | % | 0.00 | % | 22.88 | % | ||||||||||||||||
2020 | 1 | 44.59 | 48 | 0.05 | % | 0.00 | % | 43.53 | % | ||||||||||||||||
2019 | 36 | 31.07 | 1,109 | 0.05 | % | 0.00 | % | 33.98 | % | ||||||||||||||||
2018 | 32 | 23.19 | 739 | 0.03 | % | 0.00 | % | (0.43 | )% | ||||||||||||||||
Fidelity VIP Index 500 Portfolio | |||||||||||||||||||||||||
2022 | 601 | 9.38 | 5,638 | 1.49 | % | 0.00 | % | (18.21 | )% | ||||||||||||||||
2021 | 522 | 11.47 | 5,988 | 0.00 | % | 0.00 | % | 14.68 | % | ||||||||||||||||
Fidelity VIP Investment Grade Bond Portfolio | |||||||||||||||||||||||||
2022 | 8 | 22.13 | 173 | 2.04 | % | 0.00 | % | (13.21 | )% | ||||||||||||||||
2021 | 11 | 25.50 | 282 | 1.82 | % | 0.00 | % | (0.90 | )% | ||||||||||||||||
2020 | 15 | 25.73 | 394 | 2.21 | % | 0.00 | % | 9.16 | % | ||||||||||||||||
2019 | 16 | 23.57 | 370 | 2.54 | % | 0.00 | % | 9.40 | % | ||||||||||||||||
2018 | 13 | 21.54 | 280 | 2.33 | % | 0.00 | % | (0.79 | )% | ||||||||||||||||
Fidelity VIP Mid Cap Portfolio | |||||||||||||||||||||||||
2022 | 4 | 72.65 | 308 | 0.26 | % | 0.00 | % | (14.97 | )% | ||||||||||||||||
2021 | 5 | 85.44 | 406 | 0.37 | % | 0.00 | % | 25.31 | % | ||||||||||||||||
2020 | 8 | 68.18 | 519 | 0.36 | % | 0.00 | % | 17.86 | % | ||||||||||||||||
2019 | 13 | 57.85 | 759 | 56.00 | % | 0.00 | % | 23.17 | % | ||||||||||||||||
2018 | 19 | 46.96 | 885 | 0.42 | % | 0.00 | % | (14.77 | )% | ||||||||||||||||
Goldman Sachs VIT Mid Cap Value Fund | |||||||||||||||||||||||||
2022 | 4 | 23.05 | 89 | 0.71 | % | 0.00 | % | (9.99 | )% | ||||||||||||||||
2021 | 4 | 25.60 | 98 | 0.49 | % | 0.00 | % | 30.95 | % | ||||||||||||||||
2020 | 4 | 19.55 | 76 | 0.68 | % | 0.00 | % | 8.38 | % | ||||||||||||||||
2019 | 6 | 18.04 | 103 | 0.78 | % | 0.00 | % | 31.52 | % | ||||||||||||||||
2018 | 3 | 13.71 | 45 | 1.57 | % | 0.00 | % | (10.46 | )% | ||||||||||||||||
Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | |||||||||||||||||||||||||
2022 | 0 | * | 11.38 | 6 | 2.42 | % | 0.00 | % | (6.54 | )% | |||||||||||||||
2021 | 1 | 12.17 | 9 | 1.47 | % | 0.00 | % | 4.84 | % | ||||||||||||||||
2020 | 1 | 11.61 | 9 | 2.58 | % | 0.00 | % | 6.72 | % | ||||||||||||||||
2019 | 1 | 10.87 | 5 | 2.67 | % | 0.00 | % | 8.82 | % |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
111
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Invesco Oppenheimer V.I. Main Street Small Cap Fund | |||||||||||||||||||||||||
2022 | 29 | $ | 17.68 | $ | 515 | 0.53 | % | 0.00 | % | (15.83 | )% | ||||||||||||||
2021 | 28 | 21.01 | 586 | 0.34 | % | 0.00 | % | 22.55 | % | ||||||||||||||||
2020 | 346 | 17.14 | 346 | 0.76 | % | 0.00 | % | 19.89 | % | ||||||||||||||||
2019 | 33 | 14.30 | 471 | 0.25 | % | 0.00 | % | 26.47 | % | ||||||||||||||||
2018 | 81 | 11.30 | 913 | 0.34 | % | 0.00 | % | (10.32 | )% | ||||||||||||||||
Invesco V.I. Core Equity Fund | 0.00 | % | |||||||||||||||||||||||
2022 | 1 | 31.82 | 16 | 0.96 | % | 0.00 | % | (20.54 | )% | ||||||||||||||||
2021 | 1 | 40.04 | 26 | 0.64 | % | 0.00 | % | 27.74 | % | ||||||||||||||||
2020 | 25 | 31.35 | 25 | 1.44 | % | 0.00 | % | 13.87 | % | ||||||||||||||||
2019 | 1 | 27.53 | 22 | 0.94 | % | 0.00 | % | 28.96 | % | ||||||||||||||||
2018 | 1 | 21.35 | 19 | 0.91 | % | 0.00 | % | (9.40 | )% | ||||||||||||||||
Invesco V.I. Global Real Estate Fund | |||||||||||||||||||||||||
2022 | 27 | 37.59 | 1,002 | 2.93 | % | 0.00 | % | (24.94 | )% | ||||||||||||||||
2021 | 27 | 50.08 | 1,364 | 2.38 | % | 0.00 | % | 25.71 | % | ||||||||||||||||
2020 | 1,418 | 39.83 | 1,418 | 5.94 | % | 0.00 | % | (12.32 | )% | ||||||||||||||||
2019 | 27 | 45.43 | 1,224 | 4.23 | % | 0.00 | % | 23.00 | % | ||||||||||||||||
2018 | 40 | 36.93 | 1,471 | 3.70 | % | 0.00 | % | (6.15 | )% | ||||||||||||||||
Invesco V.I. Health Care Fund | |||||||||||||||||||||||||
2022 | 1 | 45.37 | 39 | 0.00 | % | 0.00 | % | (13.30 | )% | ||||||||||||||||
2021 | 1 | 52.34 | 47 | 0.24 | % | 0.00 | % | 12.28 | % | ||||||||||||||||
2020 | 71 | 46.61 | 58 | 0.35 | % | 0.00 | % | 14.44 | % | ||||||||||||||||
2019 | 2 | 40.73 | 64 | 0.03 | % | 0.00 | % | 32.50 | % | ||||||||||||||||
2018 | 3 | 30.73 | 81 | 0.00 | % | 0.00 | % | 0.91 | % | ||||||||||||||||
Invesco V.I. International Growth Fund | |||||||||||||||||||||||||
2022 | 131 | 19.32 | 2,537 | 1.76 | % | 0.00 | % | (18.31 | )% | ||||||||||||||||
2021 | 135 | 23.65 | 3,201 | 1.14 | % | 0.00 | % | 5.89 | % | ||||||||||||||||
2020 | 175 | 22.34 | 3,913 | 2.55 | % | 0.00 | % | 13.98 | % | ||||||||||||||||
2019 | 193 | 19.60 | 3,789 | 1.61 | % | 0.00 | % | 28.57 | % | ||||||||||||||||
2018 | 203 | 15.24 | 3,100 | 2.18 | % | 0.00 | % | (14.97 | )% |
112
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Invesco V.I. Mid Cap Core Equity Fund | |||||||||||||||||||||||||
2022 | - | $ | 32.58 | $ | 0 | * | 0.00 | % | 0.00 | % | (14.26 | )% | |||||||||||||
2021 | 14 | 38.00 | 515 | 0.46 | % | 0.00 | % | 23.24 | % | ||||||||||||||||
2020 | 13 | 30.84 | 395 | 0.87 | % | 0.00 | % | 9.27 | % | ||||||||||||||||
2019 | 9 | 28.22 | 247 | 0.51 | % | 0.00 | % | 25.28 | % | ||||||||||||||||
2018 | 9 | 22.53 | 196 | 0.57 | % | 0.00 | % | (11.35 | )% | ||||||||||||||||
Invesco V.I. Technology Fund | |||||||||||||||||||||||||
2021 | - | - | - | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||
2020 | 3 | 48.87 | 129 | 0.00 | % | 0.00 | % | 46.10 | % | ||||||||||||||||
2019 | 3 | 33.45 | 94 | 0.00 | % | 0.00 | % | 35.88 | % | ||||||||||||||||
2018 | 5 | 24.62 | 129 | 0.00 | % | 0.00 | % | (0.45 | )% | ||||||||||||||||
Janus Henderson VIT Balanced Portfolio | |||||||||||||||||||||||||
2022 | 66 | 42.46 | 2,787 | 1.29 | % | 0.00 | % | (16.40 | )% | ||||||||||||||||
2021 | 61 | 50.79 | 3,082 | 0.87 | % | 0.00 | % | 17.20 | % | ||||||||||||||||
2020 | 79 | 43.34 | 3,426 | 2.68 | % | 0.00 | % | 14.32 | % | ||||||||||||||||
2019 | 71 | 37.91 | 2,698 | 2.00 | % | 0.00 | % | 22.59 | % | ||||||||||||||||
2018 | 71 | 30.93 | 2,200 | 2.09 | % | 0.00 | % | 0.68 | % | ||||||||||||||||
Janus Henderson VIT Enterprise Portfolio | |||||||||||||||||||||||||
2022 | 33 | 18.47 | 602 | 0.18 | % | 0.00 | % | (15.94 | )% | ||||||||||||||||
2021 | 33 | 21.98 | 725 | 0.36 | % | 0.00 | % | 16.83 | % | ||||||||||||||||
2020 | 41 | 18.81 | 776 | 0.13 | % | 0.00 | % | 19.50 | % | ||||||||||||||||
2019 | 39 | 15.74 | 611 | 0.13 | % | 0.00 | % | 35.48 | % | ||||||||||||||||
Janus Henderson VIT Flexible Bond Portfolio | |||||||||||||||||||||||||
2022 | 89 | 27.28 | 2,430 | 2.44 | % | 0.00 | % | (13.66 | )% | ||||||||||||||||
2021 | 93 | 31.60 | 2,936 | 2.00 | % | 0.00 | % | (0.90 | )% | ||||||||||||||||
2020 | 87 | 31.88 | 2,760 | 3.27 | % | 0.00 | % | 10.48 | % | ||||||||||||||||
2019 | 64 | 28.86 | 1,853 | 3.61 | % | 0.00 | % | 9.57 | % | ||||||||||||||||
2018 | 69 | 26.34 | 1,805 | 3.63 | % | 0.00 | % | (1.00 | )% | ||||||||||||||||
Janus Henderson VIT Forty Portfolio | |||||||||||||||||||||||||
2022 | 18 | 71.09 | 1,262 | 0.19 | % | 0.00 | % | (33.55 | )% | ||||||||||||||||
2021 | 17 | 106.99 | 1,823 | 0.00 | % | 0.00 | % | 22.90 | % | ||||||||||||||||
2020 | 32 | 87.05 | 2,763 | 0.80 | % | 0.00 | % | 39.40 | % | ||||||||||||||||
2019 | 41 | 62.45 | 2,541 | 0.16 | % | 0.00 | % | 37.16 | % | ||||||||||||||||
2018 | 50 | 45.53 | 2,257 | 1.39 | % | 0.00 | % | 1.98 | % |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
113
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Janus Henderson VIT Global Research Portfolio | |||||||||||||||||||||||||
2022 | 7 | $ | 19.06 | $ | 124 | 1.05 | % | 0.00 | % | (19.41 | )% | ||||||||||||||
2021 | 7 | 23.65 | 171 | 0.41 | % | 0.00 | % | 18.09 | % | ||||||||||||||||
2020 | 16 | 20.03 | 319 | 0.70 | % | 0.00 | % | 20.08 | % | ||||||||||||||||
2019 | 44 | 16.68 | 734 | 0.95 | % | 0.00 | % | 29.04 | % | ||||||||||||||||
2018 | 59 | 12.93 | 757 | 1.15 | % | 0.00 | % | (6.87 | )% | ||||||||||||||||
Janus Henderson VIT Global Technology and Innovation Portfolio | |||||||||||||||||||||||||
2022 | 25 | 68.73 | 1,698 | 0.00 | % | 0.00 | % | (36.95 | )% | ||||||||||||||||
2021 | 27 | 109.01 | 2,989 | 0.22 | % | 0.00 | % | 18.01 | % | ||||||||||||||||
2020 | 25 | 92.37 | 2,347 | 0.00 | % | 0.00 | % | 51.18 | % | ||||||||||||||||
2019 | 29 | 61.10 | 1,764 | 0.41 | % | 0.00 | % | 45.17 | % | ||||||||||||||||
2018 | 22 | 42.08 | 922 | 1.00 | % | 0.00 | % | 1.19 | % | ||||||||||||||||
Janus Henderson VIT Overseas Portfolio | |||||||||||||||||||||||||
2022 | 2 | 37.91 | 71 | 1.78 | % | 0.00 | % | (8.60 | )% | ||||||||||||||||
2021 | 2 | 41.48 | 79 | 1.16 | % | 0.00 | % | 13.58 | % | ||||||||||||||||
2020 | 2 | 36.52 | 70 | 1.50 | % | 0.00 | % | 16.28 | % | ||||||||||||||||
2019 | 2 | 31.41 | 62 | 1.92 | % | 0.00 | % | 27.02 | % | ||||||||||||||||
2018 | 2 | 24.73 | 49 | 1.76 | % | 0.00 | % | (14.94 | )% | ||||||||||||||||
JP Morgan Insurance Trust Small Cap Core Portfolio | |||||||||||||||||||||||||
2022 | 0 | * | 15.69 | 0 | * | 0.31 | % | 0.00 | % | (20.28 | )% | ||||||||||||||
JP Morgan Insurance Trust US Equity Portfolio | |||||||||||||||||||||||||
2022 | 0 | * | 18.40 | 0 | * | 0.37 | % | 0.00 | % | (19.19 | )% | ||||||||||||||
Lord Abbett Series Developing Growth Portfolio | |||||||||||||||||||||||||
2022 | 8 | 16.48 | 126 | 0.00 | % | 0.00 | % | (35.98 | )% | ||||||||||||||||
2021 | 9 | 25.75 | 242 | 0.00 | % | 0.00 | % | (2.75 | )% | ||||||||||||||||
2020 | 8 | 26.47 | 222 | 0.00 | % | 0.00 | % | 72.57 | % | ||||||||||||||||
2019 | 9 | 15.34 | 131 | 0.00 | % | 0.00 | % | 31.77 | % | ||||||||||||||||
2018 | 7 | 11.64 | 81 | 0.00 | % | 0.00 | % | 4.88 | % | ||||||||||||||||
Lord Abbett Series Total Return Portfolio | |||||||||||||||||||||||||
2022 | 5 | 10.10 | 54 | 2.55 | % | 0.00 | % | (14.05 | )% | ||||||||||||||||
2021 | 2 | 11.75 | 20 | 1.97 | % | 0.00 | % | (0.24 | )% | ||||||||||||||||
2020 | 2 | 11.77 | 21 | 3.76 | % | 0.00 | % | 7.43 | % | ||||||||||||||||
2019 | 1 | 10.97 | 7 | 3.00 | % | 0.00 | % | 8.41 | % |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
114
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
MFS VIT Growth Series | |||||||||||||||||||||||||
2022 | 1 | $ | 14.90 | $ | 8 | 0.00 | % | 0.00 | % | (31.64 | )% | ||||||||||||||
2021 | 1 | 21.80 | 21 | 0.00 | % | 0.00 | % | 23.53 | % | ||||||||||||||||
2020 | 1 | 17.65 | 18 | 0.00 | % | 0.00 | % | 31.90 | % | ||||||||||||||||
2019 | 1 | 13.38 | 9 | 0.00 | % | 0.00 | % | 38.15 | % | ||||||||||||||||
MFS VIT II International Growth Portfolio | |||||||||||||||||||||||||
2022 | 173 | 11.60 | 2,009 | 0.62 | % | 0.00 | % | (14.95 | )% | ||||||||||||||||
2021 | 169 | 13.64 | 2,305 | 0.48 | % | 0.00 | % | 9.27 | % | ||||||||||||||||
2020 | 38 | 12.48 | 470 | 0.00 | % | 0.00 | % | 15.84 | % | ||||||||||||||||
MFS VIT III Blended Research Small Cap Equity Portfolio | |||||||||||||||||||||||||
2022 | 1 | 14.40 | 9 | 0.78 | % | 0.00 | % | (18.37 | )% | ||||||||||||||||
2021 | 1 | 17.64 | 14 | 0.84 | % | 0.00 | % | 29.64 | % | ||||||||||||||||
2020 | 1 | 13.60 | 16 | 1.31 | % | 0.00 | % | 2.23 | % | ||||||||||||||||
2019 | - | 13.30 | 6 | 0.66 | % | 0.00 | % | 26.77 | % | ||||||||||||||||
MFS VIT III Global Real Estate Portfolio | |||||||||||||||||||||||||
2022 | 18 | 12.86 | 228 | 1.64 | % | 0.00 | % | (26.94 | )% | ||||||||||||||||
2021 | 13 | 17.60 | 232 | 0.91 | % | 0.00 | % | 30.12 | % | ||||||||||||||||
2020 | 3 | 13.52 | 35 | 0.00 | % | 0.00 | % | 1.49 | % | ||||||||||||||||
MFS VIT III Mid Cap Value Portfolio | |||||||||||||||||||||||||
2022 | 4 | 15.83 | 61 | 1.03 | % | 0.00 | % | (8.79 | )% | ||||||||||||||||
2021 | 3 | 17.35 | 54 | 0.88 | % | 0.00 | % | 30.99 | % | ||||||||||||||||
2020 | 0 | * | 13.25 | 6 | 1.99 | % | 0.00 | % | 3.87 | % | |||||||||||||||
2019 | 0 | * | 12.76 | 3 | 1.42 | % | 0.00 | % | 31.11 | % | |||||||||||||||
2018 | 0 | * | 9.71 | 2 | 0.00 | % | 0.00 | % | (11.45 | )% | |||||||||||||||
MFS VIT Mid Cap Growth Series | |||||||||||||||||||||||||
2022 | 26 | 17.99 | 465 | 0.00 | % | 0.00 | % | (28.70 | )% | ||||||||||||||||
2021 | 38 | 25.23 | 954 | 0.00 | % | 0.00 | % | 14.11 | % | ||||||||||||||||
2020 | 22 | 22.11 | 482 | 0.00 | % | 0.00 | % | 36.48 | % | ||||||||||||||||
MFS VIT Research Series | |||||||||||||||||||||||||
2022 | 2 | 20.06 | 36 | 0.52 | % | 0.00 | % | (17.21 | )% | ||||||||||||||||
2021 | 3 | 24.23 | 76 | 0.54 | % | 0.00 | % | 24.80 | % | ||||||||||||||||
2020 | 3 | 19.41 | 64 | 0.84 | % | 0.00 | % | 16.59 | % | ||||||||||||||||
2019 | 3 | 16.65 | 54 | 0.68 | % | 0.00 | % | 32.95 | % | ||||||||||||||||
2018 | - | - | - | 0.00 | % | 0.00 | % | 0.00 | % |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
115
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
MFS VIT Total Return Bond Series | |||||||||||||||||||||||||
2022 | 266 | $ | 10.34 | $ | 2,749 | 2.77 | % | 0.00 | % | (13.93 | )% | ||||||||||||||
2021 | 272 | 12.01 | 3,266 | 2.23 | % | 0.00 | % | (0.81 | )% | ||||||||||||||||
2020 | 359 | 12.11 | 4,348 | 3.69 | % | 0.00 | % | 8.52 | % | ||||||||||||||||
2019 | 379 | 11.16 | 4,228 | 4.05 | % | 0.00 | % | 10.21 | % | ||||||||||||||||
2018 | 90 | 10.13 | 908 | 3.33 | % | 0.00 | % | (1.08 | )% | ||||||||||||||||
MFS VIT Value Series | |||||||||||||||||||||||||
2022 | 66 | 18.63 | 1,228 | 1.31 | % | 0.00 | % | (5.91 | )% | ||||||||||||||||
2021 | 78 | 19.80 | 1,548 | 1.28 | % | 0.00 | % | 25.45 | % | ||||||||||||||||
2020 | 33 | 15.78 | 520 | 1.69 | % | 0.00 | % | 3.48 | % | ||||||||||||||||
2019 | 29 | 15.25 | 436 | 2.34 | % | 0.00 | % | 29.80 | % | ||||||||||||||||
2018 | 30 | 11.75 | 356 | 1.61 | % | 0.00 | % | (10.09 | )% | ||||||||||||||||
Neuberger Berman AMT Mid Cap Growth Portfolio | |||||||||||||||||||||||||
2022 | 0 | * | 33.73 | 11 | 0.00 | % | 0.00 | % | (28.73 | )% | |||||||||||||||
2021 | 0 | * | 47.33 | 18 | 0.00 | % | 0.00 | % | 12.99 | % | |||||||||||||||
2020 | 0 | * | 41.89 | 16 | 0.00 | % | 0.00 | % | 39.98 | % | |||||||||||||||
2019 | 0 | * | 29.94 | 15 | 0.00 | % | 0.00 | % | 32.75 | % | |||||||||||||||
2018 | 1 | 22.55 | 13 | 0.00 | % | 0.00 | % | (6.41 | )% | ||||||||||||||||
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio | |||||||||||||||||||||||||
2022 | - | 30.13 | 0 | * | 0.00 | % | 0.00 | % | (9.75 | )% | |||||||||||||||
2021 | 2 | 33.38 | 78 | 0.61 | % | 0.00 | % | 32.80 | % | ||||||||||||||||
2020 | 8 | 25.14 | 208 | 1.15 | % | 0.00 | % | (2.61 | )% | ||||||||||||||||
2019 | 3 | 25.81 | 65 | 0.21 | % | 0.00 | % | 16.75 | % | ||||||||||||||||
2018 | 32 | 22.11 | 714 | 0.63 | % | 0.00 | % | (15.28 | )% | ||||||||||||||||
Neuberger Berman AMT Sustainable Equity Portfolio | |||||||||||||||||||||||||
2022 | 2 | 47.58 | 76 | 0.43 | % | 0.00 | % | (18.45 | )% | ||||||||||||||||
2021 | 2 | 58.35 | 88 | 0.42 | % | 0.00 | % | 23.48 | % | ||||||||||||||||
2020 | 3 | 47.25 | 150 | 0.69 | % | 0.00 | % | 19.57 | % | ||||||||||||||||
2019 | 3 | 39.52 | 125 | 0.63 | % | 0.00 | % | 25.88 | % | ||||||||||||||||
2018 | 2 | 31.40 | 77 | 0.49 | % | 0.00 | % | (5.72 | )% | ||||||||||||||||
Pimco VIT Commodity Real Return Strategy Portfolio | |||||||||||||||||||||||||
2022 | 5 | 14.89 | 73 | 20.97 | % | 0.00 | % | 8.61 | % | ||||||||||||||||
2021 | 4 | 13.71 | 51 | 3.15 | % | 0.00 | % | 37.05 | % |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
116
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Pimco VIT Global Bond Opportunities Portfolio (Unhedged) | |||||||||||||||||||||||||
2022 | 174 | $ | 10.02 | $ | 1,743 | 1.49 | % | 0.00 | % | (11.00 | )% | ||||||||||||||
2021 | 190 | 11.26 | 2,136 | 5.18 | % | 0.00 | % | (4.16 | )% | ||||||||||||||||
2020 | 27 | 11.75 | 318 | 2.69 | % | 0.00 | % | 10.13 | % | ||||||||||||||||
2019 | 1 | 10.67 | 5 | 2.03 | % | 0.00 | % | 6.14 | % | ||||||||||||||||
Pimco VIT High Yield Portfolio | |||||||||||||||||||||||||
2022 | 37 | 26.43 | 979 | 5.06 | % | 0.00 | % | (10.28 | )% | ||||||||||||||||
2021 | 38 | 29.46 | 1,114 | 4.48 | % | 0.00 | % | 3.63 | % | ||||||||||||||||
2020 | 11 | 28.43 | 313 | 5.30 | % | 0.00 | % | 5.76 | % | ||||||||||||||||
2019 | 8 | 26.88 | 219 | 4.94 | % | 0.00 | % | 14.73 | % | ||||||||||||||||
2018 | 8 | 23.43 | 180 | 5.08 | % | 0.00 | % | (2.65 | )% | ||||||||||||||||
Pimco VIT Low Duration Portfolio | |||||||||||||||||||||||||
2022 | 291 | 15.18 | 4,423 | 1.52 | % | 0.00 | % | (5.74 | )% | ||||||||||||||||
2021 | 532 | 16.11 | 8,568 | 0.52 | % | 0.00 | % | (0.93 | )% | ||||||||||||||||
2020 | 510 | 16.26 | 8,296 | 1.30 | % | 0.00 | % | 2.96 | % | ||||||||||||||||
2019 | 509 | 15.79 | 8,037 | 2.76 | % | 0.00 | % | 4.03 | % | ||||||||||||||||
2018 | 404 | 15.17 | 6,123 | 1.93 | % | 0.00 | % | 0.34 | % | ||||||||||||||||
Pimco VIT Real Return Portfolio | |||||||||||||||||||||||||
2022 | 46 | 19.44 | 898 | 7.05 | % | 0.00 | % | (11.90 | )% | ||||||||||||||||
2021 | 55 | 22.07 | 1,224 | 5.08 | % | 0.00 | % | 5.59 | % | ||||||||||||||||
2020 | 24 | 20.90 | 499 | 1.53 | % | 0.00 | % | 11.73 | % | ||||||||||||||||
2019 | 22 | 18.71 | 418 | 1.64 | % | 0.00 | % | 8.44 | % | ||||||||||||||||
2018 | 30 | 17.26 | 510 | 2.26 | % | 0.00 | % | (2.21 | )% | ||||||||||||||||
Pimco VIT Total Return Portfolio | |||||||||||||||||||||||||
2022 | 366 | 19.47 | 7,134 | 2.62 | % | 0.00 | % | (14.30 | )% | ||||||||||||||||
2021 | 367 | 22.72 | 8,347 | 1.83 | % | 0.00 | % | (1.27 | )% | ||||||||||||||||
2020 | 209 | 23.01 | 4,803 | 2.31 | % | 0.00 | % | 8.62 | % | ||||||||||||||||
2019 | 198 | 21.18 | 4,202 | 3.01 | % | 0.00 | % | 8.35 | % | ||||||||||||||||
2018 | 181 | 19.54 | 3,545 | 2.54 | % | 0.00 | % | (0.53 | )% |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
117
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Pioneer Real Estate Shares VCT Portfolio | |||||||||||||||||||||||||
2022 | 12 | $ | 11.52 | $ | 139 | 1.92 | % | 0.00 | % | (30.84 | )% | ||||||||||||||
2021 | 18 | 16.66 | 305 | 1.39 | % | 0.00 | % | 41.05 | % | ||||||||||||||||
2020 | 6 | 11.81 | 75 | 1.88 | % | 0.00 | % | (7.34 | )% | ||||||||||||||||
2019 | 6 | 12.75 | 71 | 2.32 | % | 0.00 | % | 28.17 | % | ||||||||||||||||
2018 | 5 | 9.95 | 49 | 2.89 | % | 0.00 | % | (7.24 | )% | ||||||||||||||||
Putnam VT Equity Income Fund | |||||||||||||||||||||||||
2022 | 28 | 56.51 | 1,558 | 1.72 | % | 0.00 | % | (2.87 | )% | ||||||||||||||||
2021 | 19 | 58.18 | 1,100 | 1.28 | % | 0.00 | % | 27.62 | % | ||||||||||||||||
2020 | 19 | 45.59 | 879 | 1.89 | % | 0.00 | % | 6.07 | % | ||||||||||||||||
2019 | 12 | 42.98 | 529 | 1.77 | % | 0.00 | % | 30.73 | % | ||||||||||||||||
2018 | 10 | 32.88 | 341 | 0.89 | % | 0.00 | % | (8.27 | )% | ||||||||||||||||
Putnam VT Global Asset Allocation Fund | |||||||||||||||||||||||||
2022 | 0 | * | 14.12 | 6 | 1.78 | % | 0.00 | % | (15.82 | )% | |||||||||||||||
2021 | 1 | 16.78 | 15 | 0.92 | % | 0.00 | % | 14.25 | % | ||||||||||||||||
2020 | 1 | 14.68 | 14 | 1.34 | % | 0.00 | % | 12.58 | % | ||||||||||||||||
2019 | 0 | * | 13.05 | 5 | 0.00 | % | 0.00 | % | 17.41 | % | |||||||||||||||
Putnam VT Global Equity Fund | |||||||||||||||||||||||||
2022 | 10 | 13.60 | 142 | 2.04 | % | 0.00 | % | (17.99 | )% | ||||||||||||||||
2021 | 12 | 16.59 | 198 | 1.05 | % | 0.00 | % | 12.84 | % | ||||||||||||||||
2020 | 2 | 14.70 | 28 | 0.45 | % | 0.00 | % | 10.29 | % | ||||||||||||||||
2019 | 2 | 13.33 | 33 | 0.00 | % | 0.00 | % | 26.92 | % | ||||||||||||||||
Putnam VT Growth Opportunities Fund | |||||||||||||||||||||||||
2022 | 10 | 22.95 | 240 | 0.00 | % | 0.00 | % | (30.36 | )% | ||||||||||||||||
2021 | 31 | 32.96 | 1,016 | 0.00 | % | 0.00 | % | 23.00 | % | ||||||||||||||||
2020 | 62 | 26.79 | 1,666 | 0.15 | % | 0.00 | % | 39.09 | % | ||||||||||||||||
2019 | 0 | * | 19.25 | 6 | 0.00 | % | 0.00 | % | 37.12 | % | |||||||||||||||
Putnam VT High Yield Fund | |||||||||||||||||||||||||
2022 | 4 | 25.37 | 93 | 5.58 | % | 0.00 | % | (11.37 | )% | ||||||||||||||||
2021 | 5 | 28.63 | 134 | 6.92 | % | 0.00 | % | 5.20 | % | ||||||||||||||||
2020 | 24 | 27.21 | 659 | 6.33 | % | 0.00 | % | 5.52 | % | ||||||||||||||||
2019 | 23 | 25.79 | 598 | 5.99 | % | 0.00 | % | 14.55 | % | ||||||||||||||||
2018 | 32 | 22.52 | 722 | 6.17 | % | 0.00 | % | (3.59 | )% |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
118
As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
Putnam VT Income Fund | |||||||||||||||||||||||||
2022 | 6 | $ | 10.35 | $ | 66 | 5.48 | % | 0.00 | % | (13.81 | )% | ||||||||||||||
2021 | 6 | 12.00 | 66 | 1.54 | % | 0.00 | % | (4.59 | )% | ||||||||||||||||
2020 | 1 | 12.58 | 9 | 10.14 | % | 0.00 | % | 5.72 | % | ||||||||||||||||
2019 | 54 | 11.90 | 638 | 3.45 | % | 0.00 | % | 11.90 | % | ||||||||||||||||
2018 | 13 | 10.63 | 135 | 2.96 | % | 0.00 | % | 0.20 | % | ||||||||||||||||
Putnam VT International Value Fund | |||||||||||||||||||||||||
2022 | 59 | 14.21 | 840 | 2.24 | % | 0.00 | % | (6.70 | )% | ||||||||||||||||
2021 | 39 | 15.22 | 595 | 1.26 | % | 0.00 | % | 15.28 | % | ||||||||||||||||
2020 | 19 | 13.21 | 247 | 0.00 | % | 0.00 | % | 4.23 | % | ||||||||||||||||
Putnam VT Research Fund | |||||||||||||||||||||||||
2022 | 30 | 20.56 | 627 | 0.81 | % | 0.00 | % | (17.10 | )% | ||||||||||||||||
2021 | 27 | 24.80 | 658 | 0.30 | % | 0.00 | % | 24.46 | % | ||||||||||||||||
2020 | 0 | * | 19.93 | - | 0.00 | % | 0.00 | % | 0.00 | % | |||||||||||||||
Putnam VT Small Cap Value Fund | |||||||||||||||||||||||||
2022 | 0 | * | 16.50 | 6 | 0.38 | % | 0.00 | % | (12.80 | )% | |||||||||||||||
2021 | - | 18.92 | 5 | 0.87 | % | 0.00 | % | 40.23 | % | ||||||||||||||||
2020 | - | 13.49 | 4 | 1.42 | % | 0.00 | % | 4.23 | % | ||||||||||||||||
2019 | - | 12.99 | 2 | 0.30 | % | 0.00 | % | 24.52 | % | ||||||||||||||||
2018 | 8 | 10.39 | 78 | 0.63 | % | 0.00 | % | (19.69 | )% | ||||||||||||||||
Putnam VT Sustainable Future Fund | |||||||||||||||||||||||||
2022 | 4 | 47.64 | 202 | 0.00 | % | 0.00 | % | (33.85 | )% | ||||||||||||||||
2021 | 4 | 72.01 | 285 | 0.00 | % | 0.00 | % | 6.33 | % | ||||||||||||||||
2020 | 4 | 67.72 | 240 | 0.36 | % | 0.00 | % | 52.98 | % | ||||||||||||||||
2019 | 3 | 44.27 | 140 | 0.77 | % | 0.00 | % | 30.32 | % | ||||||||||||||||
2018 | 3 | 33.97 | 88 | 0.90 | % | 0.00 | % | (4.64 | )% | ||||||||||||||||
Royce Capital Fund - Small-Cap Portfolio | |||||||||||||||||||||||||
2022 | 3 | 23.17 | 67 | 0.08 | % | 0.00 | % | (9.41 | )% | ||||||||||||||||
2021 | 3 | 25.58 | 76 | 1.07 | % | 0.00 | % | 28.44 | % | ||||||||||||||||
2020 | 4 | 19.92 | 74 | 0.70 | % | 0.00 | % | (7.33 | )% | ||||||||||||||||
2019 | 8 | 21.49 | 162 | 0.18 | % | 0.00 | % | 18.43 | % | ||||||||||||||||
2018 | 56 | 18.14 | 1,008 | 0.31 | % | 0.00 | % | (8.50 | )% |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
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As of December 31 | For the period ended December 31 | ||||||||||||||||||||||||
Subaccount | Units (000's) | Unit Fair Value | Net Assets (000's) | Investment Income Ratio | Expense Ratio | Total Return | |||||||||||||||||||
T. Rowe Price Blue Chip Growth Portfolio Class II | |||||||||||||||||||||||||
2022 | 113 | $ | 18.04 | $ | 2,032 | 0.00 | % | 0.00 | % | (38.66 | )% | ||||||||||||||
2021 | 128 | 29.40 | 3,776 | 0.00 | % | 0.00 | % | 17.33 | % | ||||||||||||||||
2020 | 90 | 25.06 | 2,250 | 0.00 | % | 0.00 | % | 33.92 | % | ||||||||||||||||
2019 | 114 | 18.71 | 2,133 | 0.00 | % | 0.00 | % | 29.58 | % | ||||||||||||||||
2018 | 110 | 14.44 | 1,587 | 0.00 | % | 0.00 | % | 1.65 | % | ||||||||||||||||
Van Eck VIP Emerging Markets Fund | |||||||||||||||||||||||||
2022 | 1 | 41.49 | 41 | 0.28 | % | 0.00 | % | (24.37 | )% | ||||||||||||||||
2021 | 1 | 54.87 | 55 | 0.93 | % | 0.00 | % | (11.87 | )% | ||||||||||||||||
2020 | 1 | 62.26 | 74 | 2.28 | % | 0.00 | % | 17.26 | % | ||||||||||||||||
2019 | 1 | 53.09 | 61 | 0.43 | % | 0.00 | % | 30.59 | % | ||||||||||||||||
2018 | 1 | 40.67 | 46 | 0.28 | % | 0.00 | % | (23.49 | )% | ||||||||||||||||
Van Eck VIP Global Hard Assets Fund | |||||||||||||||||||||||||
2022 | 19 | 68.97 | 1,340 | 1.60 | % | 0.00 | % | 8.39 | % | ||||||||||||||||
2021 | 22 | 63.63 | 1,381 | 0.36 | % | 0.00 | % | 18.92 | % | ||||||||||||||||
2020 | 22 | 53.51 | 1,175 | 1.06 | % | 0.00 | % | 19.11 | % | ||||||||||||||||
2019 | 23 | 44.92 | 1,012 | 0.00 | % | 0.00 | % | 11.87 | % | ||||||||||||||||
2018 | 19 | 40.16 | 779 | 0.00 | % | 0.00 | % | (28.28 | )% | ||||||||||||||||
Vanguard VIF Global Bond Index | |||||||||||||||||||||||||
2022 | 83 | 8.75 | 729 | 2.45 | % | 0.00 | % | (13.13 | )% | ||||||||||||||||
2021 | 81 | 10.07 | 819 | 0.00 | % | 0.00 | % | 0.71 | % | ||||||||||||||||
Vanguard VIF Total Bond Market Index | |||||||||||||||||||||||||
2022 | 188 | 8.76 | 1,643 | 2.09 | % | 0.00 | % | (13.21 | )% | ||||||||||||||||
2021 | 81 | 10.09 | 820 | 0.00 | % | 0.00 | % | 0.91 | % | ||||||||||||||||
Victory RS Small Cap Growth Equity VIP | |||||||||||||||||||||||||
2022 | 0 | * | 9.51 | 0 | * | 0.00 | % | 0.00 | % | (36.36 | )% | ||||||||||||||
2021 | 1 | 14.94 | 12 | 0.00 | % | 0.00 | % | (10.43 | )% | ||||||||||||||||
2020 | 14 | 16.67 | 14 | 0.00 | % | 0.00 | % | 38.04 | % | ||||||||||||||||
2019 | 1 | 12.08 | 11 | 0.00 | % | 0.00 | % | 38.78 | % | ||||||||||||||||
2018 | 1 | 8.71 | 6 | 0.00 | % | 0.00 | % | (12.97 | )% |
*The Subaccount has units that round to less than 1,000 and/or net assets that are less than $1,000 dollars.
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5. | SUBSEQUENT EVENTS |
Management has reviewed all events subsequent to December 31, 2022, including the estimates inherent in the process of preparing these financial statements, through the date the financial statements were issued. No subsequent events requiring adjustments or disclosures have occurred.
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