Equitable Holdings, Inc.NYSE: EQH

Financial Life and Annuity Company - Annual Statement 2025

· Issued by Equitable Holdings, Inc.
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Docusign Envelope ID: 7FE1A4FE-DFF5-4AAE-B271-95920738AA9F

! ' . !

LIrE AND ACCIDENT AND HELLT/-/ CO/U#AA//SVASSOC/A 7/OM EDITION ' "" " " '' '" "" "" "' ' '' "' ' "' ""

ANNUAL STATEMENT

For the Year Ended December 31, 2025 of the Condition and Aflairs of the

EQUITABLE FINANCIAL LIFE AND ANNUITY COMPANY

NAIC Group Code 4965 496J NAIC Company Code 6288O Employer's lD Number 13-3198083 Organized under the Laws of Colorado Sfafe of Oom/Ci/e or Port of Entry Co/orado. Country of Domicile United States of America incorporated/Organized.' Janu'ary Y8, 1984 Commenced Business. June 0J. 1984

Statutory Home Office. f4 f43 Denver l'Vest Parkway. Ju/'fe 520. Lakewood. CO 80401

Main Administrative Office. 8501 IBM Drive. Su//e 150, Chartoite, NC 28262- Telephone Number. (704) 34f-6308

Mail Address. 8501 IBM Drive, Suite 150. Charlotte, NC 28262, Telephone Number. (201) 743-5132

Primary Location o/ Books and Records.' 8501 IBM Drive, Suita 150, Charlotte, HC 28262. Telephone Number. (201)743-5132 Internet Website Address.' ww '. equitable. com

Statutory Siatemr.ni Cnrtfarf. Neil Guerriero, U'ice President, (201) 743-5132

E-Mail Address.

OFFICERS

ROBIN MATTHEW RAJU

Chairman of the Board

WILLIAM JAMES ECKER T IV

Executive Vice Pmsident,

Chief Accounting Officer and Controller

OAV/0 WHtTCOMB KARR PETER TtAN



Srote of..... New Jersey. .. . .. .. Country o/.. 8e/pen.. .

NICHOLAS BURRI TT LANE

President and Chief Execunve Officer

PETER TIAN

Chief Financial Officer and Treasurer

DIRECTORS

NICIIOLAS BURRITT LANE YUN -JUL1A" ZHANG

KURT WILLIAM MEYERS #

Executive Vice President and

Genera/ Counsel

XU "VINCENT XUAN

Appointed Actuary

ROBIN MATTHEW RAJU



reporting pefiod s/ared above, all ol lhe herein descnbed assefs veers the absolute pfiopedy of the said roparting enfity, /ree and clear from any li'ens or c/aims thereon, excepi as heroin s/a/ed, ar›d f/ia/ his statement, together with related exhibits, schedules ano' oxplanatmns therein contained. annexed or referred to, is a full and irue statement of alt tho essefs and //a0i/i/‹es and o7 the condition and a/hairs of the soid reporting entifi/ es o7 the reporting period statad above, and o7



//s income and deductions ttteretfom 7or the pen'od ended, and have been cornpteied In accordance with the NAIC Annual Statement /nsf/uc//or/s and Accounting Practical arid Procedures manual eycept to lhe extent that." {Jj state law may differ or, ('Z) rAa/ s/afe rules or regulations require differences in reposing not related to accoonf/ng practices and procedures, according to lhe bost ot tfieir infom›ation, knowled9e and belief, respectively. Furthermore. the scope of Ihis affesraf/on dy ihe described officers atso includes the related corresponding electronic filing dirt we NAIC, when required, that is an exact copy (except lor formatting differences dua la electronic filing] o/ tfio enclosed slatemenL The electronic filing may ba requesiod by vanous regulators in lieu of or in addition to ltie enclosed stalemenl.

p.



DocuSgned by:

NICHOLA

NE

WILLIA

IV



President and Chief Executive Officer EXecutive Vice Pmsident.

Ch!ef Accounting O//icer and Controller

F EMM'DWONE

Assistant Secretary

Appointed Actuary

Subscribed and swam la 6e/ore me this

  1. Is ihis an original filing?

    Y'es (x) No ( )

    13th

    day of February, d26

  2. If no, f. Sfafe file amendment number

    1. Oafe /i/ed



      LAURRINE VEHTUM NOTARY PUBLIC

      State of New Jersey

      ID # 50213150

    2. Number of pages affac/terf

My Commiss‹on Expires 8/15/2028

ASSETS

Current Year

Prior Year

1

Assets

2

Nonadmitted Assets

3

Net Admitted Assets (Cols. 1 - 2)

4

Net Admitted Assets

  1. Bonds (Schedule D) .......................................................................................

  2. Stocks (Schedule D):

    1. Preferred stocks .......................................................................................

    2. Common stocks .......................................................................................

  3. Mortgage loans on real estate (Schedule B):

    1. First liens ..................................................................................................

    2. Other than first liens..................................................................................

  4. Real estate (Schedule A):

    1. Properties occupied by the company (less $ 0

      encumbrances) .......................................................................................

    2. Properties held for the production of income (less

      $ .................................0 encumbrances) .......................................

    3. Properties held for sale (less $ 0

      encumbrances) .......................................................................................

  5. Cash ($ ................... 4,031,487 , Schedule E - Part 1), cash equivalents

    ($ ................... 6,676,725 , Schedule E - Part 2) and short-term investments ($ .................................0 , Schedule DA) ..........................

  6. Contract loans (including $ .................................0 premium notes) ......

  7. Derivatives (Schedule DB) .............................................................................

  8. Other invested assets (Schedule BA) ............................................................

  9. Receivables for securities ..............................................................................

  10. Securities lending reinvested collateral assets (Schedule DL) ......................

  11. Aggregate write-ins for invested assets .........................................................

  12. Subtotals, cash and invested assets (Lines 1 to 11) .....................................

  13. Title plants less $ .................................0 charged off (for Title insurers only) ..............................................................................................................

  14. Investment income due and accrued .............................................................

  15. Premiums and considerations:

    1. Uncollected premiums and agents' balances in the course of collection

    2. Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $ 0

      earned but unbilled premiums) ............................................................

    3. Accrued retrospective premiums ($ .................................0 ) and

      contracts subject to redetermination ($ .................................0 ) .......

  16. Reinsurance:

    1. Amounts recoverable from reinsurers ....................................................

    2. Funds held by or deposited with reinsured companies ..........................

    3. Other amounts receivable under reinsurance contracts ........................

  17. Amounts receivable relating to uninsured plans ............................................

  1. Current federal and foreign income tax recoverable and interest thereon ....

  2. Net deferred tax asset ...................................................................................

  1. Guaranty funds receivable or on deposit ......................................................

  2. Electronic data processing equipment and software .....................................

  3. Furniture and equipment, including health care delivery assets

    ($ .................................0 ) ................................................................

  4. Net adjustment in assets and liabilities due to foreign exchange rates .........

  5. Receivables from parent, subsidiaries and affiliates .....................................

  6. Health care ($ .................................0 ) and other amounts receivable ......

  7. Aggregate write-ins for other-than-invested assets .......................................

  8. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) .....................................................

  9. From Separate Accounts, Segregated Accounts and Protected Cell Accounts ......................................................................................................

  10. Total (Lines 26 and 27)

. 251,193,234

. 0

. 251,193,234

. 296,096,338

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 10,708,212

. 0

. 10,708,212

. 34,226,277

. 64,266,174

. 86,762

. 64,179,412

. 194,622,760

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 326,167,620

. 86,762

. 326,080,858

. 524,945,375

. 0

. 0

. 0

. 0

. 3,848,254

. 0

. 3,848,254

. 4,072,949

. (2,416,381)

. 0

. (2,416,381)

. (3,270,753)

. 441,853

. 0

. 441,853

. 532,596

. 0

. 0

. 0

. 0

. 11,632,077

. 0

. 11,632,077

. 16,009,705

. 0

. 0

. 0

. 0

. 808,464

. 0

. 808,464

. 285,434

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 1,533,997

. 505,431

. 1,028,566

. 2,865,668

. 167,603

. 0

. 167,603

. 194,973

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 155,969

. 0

. 155,969

. 187,445

. 0

. 0

. 0

. 0

. 896,210

. 399,026

. 497,184

. 2,145,750

. 343,235,666

. 991,219

. 342,244,447

. 547,969,142

. 0

. 0

. 0

. 0

343,235,666

991,219

342,244,447

547,969,142

DETAILS OF WRITE-INS

1101. ......................................................................................................................

....................................

....................................

....................................

....................................

1102. ......................................................................................................................

....................................

....................................

....................................

....................................

1103. ......................................................................................................................

....................................

....................................

....................................

....................................

1198. Summary of remaining write-ins for Line 11 from overflow page ...................

. 0

. 0

. 0

. 0

1199. Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)

0

0

0

0

2501. Admitted Disallowed IMR ..............................................................................

. 497,184

. 0

. 497,184

. 2,145,750

2502. Other Assets Non-Admitted ..........................................................................

. 399,026

. 399,026

. 0

. 0

2503. .....................................................................................................................

. 0

. 0

. 0

. 0

2598. Summary of remaining write-ins for Line 25 from overflow page ...................

. 0

. 0

. 0

. 0

2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

896,210

399,026

497,184

2,145,750

LIABILITIES, SURPLUS AND OTHER FUNDS

1

Current Year

2

Prior Year

  1. Aggregate reserve for life contracts $ ................. 79,445,545 (Exh. 5, Line 9999999) less $ 0

    included in Line 6.3 (including $ .................................0 Modco Reserve) ..........................................................................

  2. Aggregate reserve for accident and health contracts (including $ .................................0 Modco Reserve) .......................

  3. Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $ .................................0 Modco Reserve) ......

  4. Contract claims:

    1. Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6) ..............................................................................................................

    2. Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6) ......................................................................................................

  5. Policyholders' dividends/refunds to members $ .................................0 and coupons $ .................................0 due

    and unpaid (Exhibit 4, Line 10) .................................................................................................................................................

  6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:

    1. Policyholders' dividends and refunds to members apportioned for payment (including $ 0

      Modco) ...............................................................................................................................................................................

    2. Policyholders' dividends and refunds to members not yet apportioned (including $ ............................... 0 Modco) ....

    3. Coupons and similar benefits (including $ .................................0 Modco) .................................................................

  7. Amount provisionally held for deferred dividend policies not included in Line 6 .......................................................................

  8. Premiums and annuity considerations for life and accident and health contracts received in advance less

    $ .................................0 discount; including $ .................................0 accident and health premiums (Exhibit 1,

    Part 1, Col. 1, sum of lines 4 and 14) ......................................................................................................................................

  9. Contract liabilities not included elsewhere:

    1. Surrender values on canceled contracts ............................................................................................................................

    2. Provision for experience rating refunds, including the liability of $ .................................0 accident and health experience rating refunds of which $ .................................0 is for medical loss ratio rebate per the Public Health Service Act .......................................................................................................................................................................

    3. Other amounts payable on reinsurance, including $ .................................0 assumed and $ 5,251,319

      ceded ...............................................................................................................................................................................

    4. Interest maintenance reserve (IMR, Line 6) ........................................................................................................................

  10. Commissions to agents due or accrued-life and annuity contracts $ .................................0 accident and health

    $ .................................0 and deposit-type contract funds $ .................................0 ...................................................

  11. Commissions and expense allowances payable on reinsurance assumed ..............................................................................

  12. General expenses due or accrued (Exhibit 2, Line 12, Col. 7) ..................................................................................................

  13. Transfers to Separate Accounts due or accrued (net) (including $ .................................0 accrued for expense allowances recognized in reserves, net of reinsured allowances) ...........................................................................................

  14. Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6) ......................................

  1. Current federal and foreign income taxes, including $ .................................0 on realized capital gains (losses) .................

  2. Net deferred tax liability .............................................................................................................................................................

  1. Unearned investment income ...................................................................................................................................................

  2. Amounts withheld or retained by reporting entity as agent or trustee ........................................................................................

  3. Amounts held for agents' account, including $ .................................0 agents' credit balances .........................................

  4. Remittances and items not allocated ........................................................................................................................................

  5. Net adjustment in assets and liabilities due to foreign exchange rates .....................................................................................

  6. Liability for benefits for employees and agents if not included above .......................................................................................

  7. Borrowed money $ .................................0 and interest thereon $ .................................0 ............................................

  8. Dividends to stockholders declared and unpaid ........................................................................................................................

  9. Miscellaneous liabilities:

    1. Asset valuation reserve (AVR, Line 16, Col. 7) ...............................................................................................................

    2. Reinsurance in unauthorized and certified ($ .................................0 ) companies .......................................................

    3. Funds held under reinsurance treaties with unauthorized and certified ($ .................................0 ) reinsurers .........

    4. Payable to parent, subsidiaries and affiliates ..................................................................................................................

    5. Drafts outstanding ...........................................................................................................................................................

    6. Liability for amounts held under uninsured plans ............................................................................................................

    7. Funds held under coinsurance ........................................................................................................................................

    8. Derivatives .......................................................................................................................................................................

    9. Payable for securities ......................................................................................................................................................

24.10 Payable for securities lending ..........................................................................................................................................

24.11 Capital notes $ .................................0 and interest thereon $ .................................0 ........................................

  1. Aggregate write-ins for liabilities ................................................................................................................................................

  2. Total liabilities excluding Separate Accounts business (Lines 1 to 25) .....................................................................................

  3. From Separate Accounts Statement .........................................................................................................................................

  4. Total liabilities (Lines 26 and 27) ...............................................................................................................................................

  5. Common capital stock ...............................................................................................................................................................

  6. Preferred capital stock ...............................................................................................................................................................

  7. Aggregate write-ins for other-than-special surplus funds ..........................................................................................................

  8. Surplus notes .............................................................................................................................................................................

  9. Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1) ...............................................

  10. Aggregate write-ins for special surplus funds ............................................................................................................................

  11. Unassigned funds (surplus) .......................................................................................................................................................

  12. Less treasury stock, at cost:

    1. .................................0 shares common (value included in Line 29 $ .................................0 ) .............................

    2. .................................0 shares preferred (value included in Line 30 $ .................................0 ) .............................

  13. Surplus (Total Lines 31+32+33+34+35-36) (including $ .................................0 in Separate Accounts Statement) ........

  14. Totals of Lines 29, 30 and 37 (Page 4, Line 55) ......................................................................................................................

  15. Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)

. 79,445,545

. 0

. 0

. 361,180,553

. 0

. 0

. 33,051,464

. 0

. 2,321,252

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 696,267

. 119,333

. 0

. 0

. 0

. 0

. 5,251,319

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 128

. 0

. 1,580,337

. 2,493,791

. 0

. 7,148,361

. 0

. 0

. 14,867

. 0

. 0

. 0

. 0

. 0

. 1,653,948

. 182,167

. 0

. 5,871,666

. 0

. 0

. 26,686

. 0

. 0

. 0

. 0

. 1,957,603

. 0

. 0

. 18,281,129

. 0

. 0

. 0

. 0

. 0

. 0

. 0

872,749

. 1,846,298

. 0

. 0

. 20,202,669

. 0

. 0

. 0

. 0

. 0

. 0

. 0

221,754

150,793,432

393,626,454

. 0

150,793,432

. 0

393,626,454

. 2,500,000

. 0

. 0

. 0

. 181,346,501

. 497,184

. 7,107,330

. 2,500,000

. 0

. 0

. 0

. 181,346,501

. 2,145,750

. (31,649,563)

. 0

. 0

188,951,015

. 0

. 0

151,842,688

191,451,015

154,342,688

342,244,447

547,969,142

DETAILS OF WRITE-INS

2501. Miscellaneous liabilities .......................................................................................................................................................

. 159,702

. 133,540

2502. Accrued interest on policy claims ..........................................................................................................................................

. 713,047

. 88,214

2503. ....................................................................................................................................................................................................

....................................

....................................

2598. Summary of remaining write-ins for Line 25 from overflow page ..............................................................................................

. 0

. 0

2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

872,749

221,754

3101. ....................................................................................................................................................................................................

....................................

....................................

3102. ....................................................................................................................................................................................................

....................................

....................................

3103. ....................................................................................................................................................................................................

....................................

....................................

3198. Summary of remaining write-ins for Line 31 from overflow page ..............................................................................................

. 0

. 0

3199. Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)

0

0

3401. Admitted Disallowed IMR ...........................................................................................................................................................

. 497,184

. 2,145,750

3402. ....................................................................................................................................................................................................

....................................

....................................

3403. ....................................................................................................................................................................................................

....................................

....................................

3498. Summary of remaining write-ins for Line 34 from overflow page ..............................................................................................

. 0

. 0

3499. Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)

497,184

2,145,750

SUMMARY OF OPERATIONS

1

Current Year

2

Prior Year

  1. Premiums and annuity considerations for life and accident and health contracts .....................................................................

  2. Considerations for supplementary contracts with life contingencies .........................................................................................

  3. Net investment income (Exhibit of Net Investment Income, Line 17) ........................................................................................

  4. Amortization of Interest Maintenance Reserve (IMR, Line 5) ....................................................................................................

  5. Separate Accounts net gain from operations excluding unrealized gains or losses .................................................................

  6. Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1) ........................................

  7. Reserve adjustments on reinsurance ceded .............................................................................................................................

  8. Miscellaneous Income:

    1. Income from fees associated with investment management, administration and contract guarantees from Separate Accounts .............................................................................................................................................................................

    2. Charges and fees for deposit-type contracts .......................................................................................................................

    3. Aggregate write-ins for miscellaneous income ....................................................................................................................

  9. Total (Lines 1 to 8.3) .................................................................................................................................................................

  10. Death benefits ...........................................................................................................................................................................

  11. Matured endowments (excluding guaranteed annual pure endowments) .................................................................................

  12. Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1) .................

  13. Disability benefits and benefits under accident and health contracts ........................................................................................

  14. Coupons, guaranteed annual pure endowments and similar benefits ......................................................................................

  15. Surrender benefits and withdrawals for life contracts ................................................................................................................

  16. Group conversions ....................................................................................................................................................................

  17. Interest and adjustments on contract or deposit-type contract funds ........................................................................................

  18. Payments on supplementary contracts with life contingencies .................................................................................................

  19. Increase in aggregate reserves for life and accident and health contracts ...............................................................................

  20. Totals (Lines 10 to 19) ...............................................................................................................................................................

  21. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part 2, Line 31, Col. 1) ....................................................................................................................................................................

  22. Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1) ...................................

  23. General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Columns 1, 2, 3, 4 and 6) .......................................

  24. Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5) ...........................

  25. Increase in loading on deferred and uncollected premiums ......................................................................................................

  26. Net transfers to or (from) Separate Accounts net of reinsurance...............................................................................................

  27. Aggregate write-ins for deductions ............................................................................................................................................

  28. Totals (Lines 20 to 27) ...............................................................................................................................................................

  29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28) ....................................................................................................................................................................................

  30. Dividends to policyholders and refunds to members .................................................................................................................

  31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) .........................................................................................................................................................................

  32. Federal and foreign income taxes incurred (excluding tax on capital gains) .............................................................................

  33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32) .......................................................................................................

  34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of

    $ .....................(217,828) (excluding taxes of $ ...................... 217,828 transferred to the IMR) ......................................

  35. Net income (Line 33 plus Line 34) .............................................................................................................................................

    CAPITAL AND SURPLUS ACCOUNT

  36. Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2) ...................................................................................

  37. Net income (Line 35) .................................................................................................................................................................

  38. Change in net unrealized capital gains (losses) less capital gains tax of $ ..............................0 .....................................

  39. Change in net unrealized foreign exchange capital gain (loss) .................................................................................................

  40. Change in net deferred income tax ...........................................................................................................................................

  41. Change in nonadmitted assets ..................................................................................................................................................

  42. Change in liability for reinsurance in unauthorized and certified companies .............................................................................

  43. Change in reserve on account of change in valuation basis (increase) or decrease ................................................................

  44. Change in asset valuation reserve ............................................................................................................................................

  45. Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1) ..........................................................................

  46. Surplus (contributed to) withdrawn from Separate Accounts during period ..............................................................................

  47. Other changes in surplus in Separate Accounts Statement ......................................................................................................

  48. Change in surplus notes ............................................................................................................................................................

  49. Cumulative effect of changes in accounting principles .............................................................................................................

  50. Capital changes:

    1. Paid in ...............................................................................................................................................................................

    2. Transferred from surplus (stock dividend) .........................................................................................................................

    3. Transferred to surplus .......................................................................................................................................................

  51. Surplus adjustment:

    1. Paid in ...............................................................................................................................................................................

    2. Transferred to capital (stock dividend) ..............................................................................................................................

    3. Transferred from capital ....................................................................................................................................................

    4. Change in surplus as a result of reinsurance ....................................................................................................................

  52. Dividends to stockholders .........................................................................................................................................................

  53. Aggregate write-ins for gains and losses in surplus ..................................................................................................................

  54. Net change in capital and surplus for the year (Lines 37 through 53) .......................................................................................

  55. Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)

. (245,461,642)

. 0

. 15,361,751

. (513,915)

. 0

. 11,917,987

. 0

. (1,699,802)

. 0

. 26,281,771

. (674,788)

. 0

. 2,150,152

. 0

. 0

. 0

361,842

. 0

. 0

31,118

(218,333,977)

26,088,451

. 45,710,276

. 633,584

. 0

. 124,659

. 0

. 3,891,885

. 0

. 1,538,339

. 0

(281,735,008)

. 24,140,600

. 468,076

. 0

. 111,894

. 0

. 2,919,769

. 0

. 344,366

. 0

(11,011,529)

. (229,836,265)

. 16,973,176

. 1,247,322

. 0

. 1,908

. 75,897

. (14,551)

. 0

317,338

. 1,516,202

. 0

. 21,170

. (101,681)

. (14,634)

. 0

0

(228,208,351)

18,394,233

. 9,874,374

0

. 7,694,218

0

. 9,874,374

2,311,624

. 7,694,218

0

. 7,562,750

. 7,694,218

217,828

(608,886)

. 7,780,578

. 7,085,332

154,342,688

145,261,391

. 7,780,578

. 0

. 0

. (6,835,506)

. 4,603,550

. 0

. 0

. (111,306)

. 0

. 0

. 0

. 0

. 0

. 7,085,332

. 0

. 0

. (1,694,645)

. 3,974,235

. 0

. 0

. (283,625)

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 31,671,011

. 0

0

. 0

. 0

. 0

. 0

. 0

0

37,108,327

9,081,297

191,451,015

154,342,688

DETAILS OF WRITE-INS

08.301. Sundry receipts and adjustments .............................................................................................................................................

. 361,842

. 31,118

08.302. ..................................................................................................................................................................................................

. 0

. 0

08.303. ....................................................................................................................................................................................................

....................................

....................................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page .............................................................................................

. 0

. 0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398)(Line 8.3 above)

361,842

31,118

2701. Sundry disbursements and adjustments ....................................................................................................................................

2702. IMR Ceded ...................................................................................................................................................................................

2703. ....................................................................................................................................................................................................

2798. Summary of remaining write-ins for Line 27 from overflow page .............................................................................................. 2799. Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)

. 2,134

. 315,204

....................................

. 0

317,338

. 0

. 0

....................................

. 0

0

5301. ..................................................................................................................................................................................................

5302. ....................................................................................................................................................................................................

5303. ....................................................................................................................................................................................................

5398. Summary of remaining write-ins for Line 53 from overflow page .............................................................................................. 5399. Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)

. 0

....................................

....................................

. 0

0

. 0

....................................

....................................

. 0

0

.

.

.

.

CASH FLOW

1

2

Current Year

Prior Year

Cash from Operations

1. Premiums collected net of reinsurance .....................................................................................................................................

. (6,328,571)

. (1,113,928)

2. Net investment income ..............................................................................................................................................................

. 16,393,581

. 26,360,484

3. Miscellaneous income ...............................................................................................................................................................

2,497,041

2,181,270

4. Total (Lines 1 through 3) ...........................................................................................................................................................

12,562,051

27,427,826

5. Benefit and loss related payments ............................................................................................................................................

. 12,847,655

. 33,658,663

6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts .......................................................

. 0

. 0

7. Commissions, expenses paid and aggregate write-ins for deductions .....................................................................................

. 1,373,630

. 1,581,977

8. Dividends paid to policyholders .................................................................................................................................................

. 0

. 0

9. Federal and foreign income taxes paid (recovered) net of $ .................................0 tax on capital gains (losses) ...............

0

0

10. Total (Lines 5 through 9) ...........................................................................................................................................................

14,221,285

35,240,640

11. Net cash from operations (Line 4 minus Line 10) ......................................................................................................................

(1,659,234)

(7,812,814)

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

12.1 Bonds ................................................................................................................................................................................

. 15,162,946

. 14,875,283

12.2 Stocks ................................................................................................................................................................................

. 0

. 0

12.3 Mortgage loans ..................................................................................................................................................................

. 0

. 0

12.4 Real estate ........................................................................................................................................................................

. 0

. 0

12.5 Other invested assets ........................................................................................................................................................

. 0

. 0

12.6 Net gains or (losses) on cash, cash equivalents and short-term investments ..................................................................

. 0

. 0

12.7 Miscellaneous proceeds ....................................................................................................................................................

0

0

12.8 Total investment proceeds (Lines 12.1 to 12.7) ................................................................................................................

. 15,162,946

. 14,875,283

13. Cost of investments acquired (long-term only exclude cash equivalents and short-term investments):

13.1 Bonds ................................................................................................................................................................................

. 34,208,593

. 21,910,872

13.2 Stocks ................................................................................................................................................................................

. 0

. 0

13.3 Mortgage loans ..................................................................................................................................................................

. 0

. 0

13.4 Real estate ........................................................................................................................................................................

. 0

. 0

13.5 Other invested assets ........................................................................................................................................................

. 0

. 0

13.6 Miscellaneous applications ................................................................................................................................................

0

0

13.7 Total investments acquired (Lines 13.1 to 13.6) ...............................................................................................................

34,208,593

21,910,872

14. Net increase/(decrease) in contract loans and premium notes .................................................................................................

1,167,442

(20,355,119)

15. Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14) ....................................................................................

(20,213,089)

13,319,530

Cash from Financing and Miscellaneous Sources

16. Cash provided (applied):

16.1 Surplus notes, capital notes ..............................................................................................................................................

. 0

. 0

16.2 Capital and paid in surplus, less treasury stock ................................................................................................................

. 0

. 0

16.3 Borrowed funds .................................................................................................................................................................

. 0

. 0

16.4 Net deposits on deposit-type contracts and other insurance liabilities ..............................................................................

. 0

. 0

16.5 Dividends to stockholders .................................................................................................................................................

. 0

. 0

16.6 Other cash provided (applied) ...........................................................................................................................................

(1,645,742)

(5,815,684)

17. Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6) ..............................

(1,645,742)

(5,815,684)

RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

18. Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) ........................................

(23,518,065)

(308,968)

19. Cash, cash equivalents and short-term investments:

19.1 Beginning of year ...............................................................................................................................................................

. 34,226,277

. 34,535,245

19.2 End of year (Line 18 plus Line 19.1)

10,708,212

34,226,277

Note: Supplemental disclosures of cash flow information for non-cash transactions:

6

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY

1

Total

2

Individual Life

3

Group Life

4

Individual Annuities

5

Group Annuities

6

Accident and Health

7

Fraternal

8

Other Lines of Business

9

YRT Mortality Risk Only

  1. Premiums and annuity considerations for life and accident and health contracts .........

  2. Considerations for supplementary contracts with life contingencies ............................

  3. Net investment income ............................................................................................

  4. Amortization of Interest Maintenance Reserve (IMR) .................................................

  5. Separate Accounts net gain from operations excluding unrealized gains or losses ......

  6. Commissions and expense allowances on reinsurance ceded ...................................

  7. Reserve adjustments on reinsurance ceded ..............................................................

  8. Miscellaneous Income:

    1. Income from fees associated with investment management, administration and contract guarantees from Separate Accounts .....................................................

    2. Charges and fees for deposit-type contracts .......................................................

    3. Aggregate write-ins for miscellaneous income .....................................................

  9. Totals (Lines 1 to 8.3) ..............................................................................................

  10. Death benefits .........................................................................................................

  11. Matured endowments (excluding guaranteed annual pure endowments) ....................

  12. Annuity benefits .......................................................................................................

  13. Disability benefits and benefits under accident and health contracts ...........................

  14. Coupons, guaranteed annual pure endowments and similar benefits ..........................

  15. Surrender benefits and withdrawals for life contracts .................................................

  16. Group conversions ..................................................................................................

  17. Interest and adjustments on contract or deposit-type contract funds ...........................

  18. Payments on supplementary contracts with life contingencies ...................................

  19. Increase in aggregate reserves for life and accident and health contracts ...................

  20. Totals (Lines 10 to 19) .............................................................................................

  21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) .............................................................................................

  22. Commissions and expense allowances on reinsurance assumed ...............................

  23. General insurance expenses and fraternal expenses..................................................

  24. Insurance taxes, licenses and fees, excluding federal income taxes ..........................

  25. Increase in loading on deferred and uncollected premiums ........................................

  26. Net transfers to or (from) Separate Accounts net of reinsurance.................................

  27. Aggregate write-ins for deductions ...........................................................................

  28. Totals (Lines 20 to 27) .............................................................................................

  29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28) ..........................................................

  30. Dividends to policyholders and refunds to members ..................................................

  31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) ...............................................

  32. Federal income taxes incurred (excluding tax on capital gains) ..................................

  33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)

. (245,461,642)

. 0

. 15,361,751

. (513,915)

. 0

. 11,917,987

. 0

. (245,461,642)

............... XXX..............

. 15,361,751

. (513,915)

. 0

. 11,917,987

. 0

. 0

............... XXX..............

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

............... XXX..............

. 0

. 0

. 0

. 0

. 0

. 0

............... XXX..............

. 0

. 0

............... XXX..............

............... XXX..............

............... XXX..............

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

............... XXX..............

. 0

. 0

. 0

. 0

. 0

. 0

. 0

361,842

. 0

. 0

361,842

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 0

............... XXX..............

0

............... XXX..............

............... XXX..............

0

. 0

. 0

0

. 0

. 0

0

(218,333,977)

(218,333,977)

0

0

0

0

0

0

0

. 45,710,276

. 633,584

. 0

. 124,659

. 0

. 3,891,885

. 0

. 1,538,339

. 0

(281,735,008)

. 45,710,276

. 633,584

............... XXX..............

. 124,659

. 0

. 3,891,885

. 0

. 1,538,339

. 0

(281,735,008)

. 0

. 0

............... XXX..............

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

0

............... XXX..............

............... XXX..............

............... XXX..............

. 0

. 0

............... XXX..............

. 0

. 0

............... XXX..............

0

............... XXX..............

............... XXX..............

............... XXX..............

............... XXX..............

............... XXX..............

............... XXX..............

............... XXX..............

............... XXX..............

............... XXX..............

XXX

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

............... XXX..............

. 0

. 0

. 0

. 0

. 0

. 0

0

. (229,836,265)

. (229,836,265)

. 0

. 0

. 0

. 0

............... XXX..............

. 0

. 0

. 1,247,322

. 0

. 1,908

. 75,897

. (14,551)

. 0

317,338

. 1,247,322

. 0

. 1,908

. 75,897

. (14,551)

. 0

317,338

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

............... XXX..............

. 0

. 0

............... XXX..............

............... XXX..............

0

. 0

. 0

. 0

. 0

. 0

. 0

0

............... XXX..............

. 0

. 0

. 0

. 0

. 0

0

(228,208,351)

(228,208,351)

0

0

0

0

0

0

0

. 9,874,374

0

. 9,874,374

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

XXX

. 0

0

. 0

0

. 9,874,374

2,311,624

. 9,874,374

2,311,624

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

7,562,750

7,562,750

0

0

0

0

0

0

0

34. Policies/certificates in force end of year

2,004

2,004

0

0

0

0

XXX

0

0

DETAILS OF WRITE-INS

  1. Sundry receipts and adjustments ............................................................................

  2. ................................................................................................................................

  3. ................................................................................................................................

  1. Summary of remaining write-ins for Line 8.3 from overflow page ..............................

  2. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

. 361,842

....................................

....................................

. 0

361,842

. 361,842

....................................

....................................

. 0

361,842

. 0

....................................

....................................

. 0

0

. 0

....................................

....................................

. 0

0

. 0

....................................

....................................

. 0

0

. 0

....................................

....................................

. 0

0

. 0

....................................

....................................

. 0

0

. 0

....................................

....................................

. 0

0

. 0

....................................

....................................

. 0

0

2701. Sundry disbursements and adjustments ....................................................................

2702. IMR Ceded ...............................................................................................................

2703. ................................................................................................................................

2798. Summary of remaining write-ins for Line 27 from overflow page ...............................

2799. Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

. 2,134

. 315,204

....................................

. 0

317,338

. 2,134

. 315,204

....................................

. 0

317,338

. 0

. 0

....................................

. 0

0

. 0

. 0

....................................

. 0

0

. 0

. 0

....................................

. 0

0

. 0

. 0

....................................

. 0

0

. 0

. 0

....................................

. 0

0

. 0

. 0

....................................

. 0

0

. 0

. 0

....................................

. 0

0

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL LIFE INSURANCE (b)

1

Total

2

Industrial Life

3

Whole Life

4

Term Life

5

Indexed Life

6

Universal Life

7

Universal Life With Secondary Guarantees

8

Variable Life

9

Variable Universal Life

10

Credit Life (c)

11

Other Individual Life

12

YRT Mortality Risk Only

  1. Premiums for life contracts (a) ...............................................................

  2. Considerations for supplementary contracts with life contingencies ............

  3. Net investment income ........................................................................

  4. Amortization of Interest Maintenance Reserve (IMR) ................................

  5. Separate Accounts net gain from operations excluding unrealized gains or losses .............................................................................................

  6. Commissions and expense allowances on reinsurance ceded ...................

  7. Reserve adjustments on reinsurance ceded ............................................

  8. Miscellaneous Income:

    1. Income from fees associated with investment management, administration and contract guarantees from Separate Accounts ........

    2. Charges and fees for deposit-type contracts ......................................

    3. Aggregate write-ins for miscellaneous income ....................................

  9. Totals (Lines 1 to 8.3) ..........................................................................

  10. Death benefits ....................................................................................

  11. Matured endowments (excluding guaranteed annual pure endowments) .....

  12. Annuity benefits ..................................................................................

  13. Disability benefits and benefits under accident and health contracts ...........

  14. Coupons, guaranteed annual pure endowments and similar benefits ..........

  15. Surrender benefits and withdrawals for life contracts ................................

  16. Group conversions ..............................................................................

  17. Interest and adjustments on contract or deposit-type contract funds ...........

  18. Payments on supplementary contracts with life contingencies ...................

  19. Increase in aggregate reserves for life and accident and health contracts ...

  20. Totals (Lines 10 to 19) .........................................................................

  21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) ....................................................

  22. Commissions and expense allowances on reinsurance assumed ...............

  23. General insurance expenses ................................................................

  24. Insurance taxes, licenses and fees, excluding federal income taxes ..........

  25. Increase in loading on deferred and uncollected premiums .......................

  26. Net transfers to or (from) Separate Accounts net of reinsurance.................

  27. Aggregate write-ins for deductions ........................................................

  28. Totals (Lines 20 to 27) .........................................................................

  29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28) ......................

  30. Dividends to policyholders and refunds to members .................................

  31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) ..........

  32. Federal income taxes incurred (excluding tax on capital gains) ..................

  33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)

. (245,461,642)

...........XXX............

. 15,361,751

. (513,915)

. 0

...........XXX............

. 0

. 0

. 0

...........XXX............

. 0

. 0

. (3,423,522)

...........XXX............

. 244,903

. (3,401)

. 0

...........XXX............

. 0

. 0

. 0

...........XXX............

. 0

. 0

. 0

...........XXX............

. 0

. 0

. 0

...........XXX............

. 0

. 0

. 0

...........XXX............

. 0

. 0

. 0

...........XXX............

. 0

. 0

. (242,038,120)

...........XXX............

. 15,116,848

. (510,514)

. 0

...........XXX............

. 0

. 0

. 0

. 11,917,987

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 546,710

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 11,371,277

. 0

. 0

. 0

. 0

. 0

. 0

361,842

. 0

. 0

0

. 0

. 0

0

. 0

. 0

24,369

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 0

. 0

337,473

. 0

. 0

0

(218,333,977)

0

0

(2,610,941)

0

0

0

0

0

0

(215,723,036)

0

. 45,710,276

. 633,584

...........XXX............

. 124,659

. 0

. 3,891,885

. 0

. 1,538,339

. 0

(281,735,008)

. 0

. 0

...........XXX............

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

...........XXX............

. 0

. 0

. 0

. 0

. 0

. 0

0

. (775,606)

. 0

...........XXX............

. 124,659

. 0

. 0

. 0

. (2,300)

. 0

(1,188,614)

. 0

. 0

...........XXX............

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

...........XXX............

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

...........XXX............

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

...........XXX............

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

...........XXX............

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

...........XXX............

. 0

. 0

. 0

. 0

. 0

. 0

0

. 46,485,882

. 633,584

...........XXX............

. 0

. 0

. 3,891,885

. 0

. 1,540,639

. 0

(280,546,394)

. 0

. 0

...........XXX............

. 0

. 0

. 0

. 0

. 0

. 0

0

. (229,836,265)

. 0

. 0

. (1,841,861)

. 0

. 0

. 0

. 0

. 0

. 0

. (227,994,404)

. 0

. 1,247,322

. 0

. 1,908

. 75,897

. (14,551)

. 0

317,338

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 190,899

. 0

. 1,908

. 34,328

. (14,551)

. 0

2,482

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

. 0

0

. 1,056,423

. 0

. 0

. 41,569

. 0

. 0

314,856

...........XXX............

. 0

. 0

. 0

. 0

. 0

0

(228,208,351)

0

0

(1,626,795)

0

0

0

0

0

0

(226,581,556)

0

. 9,874,374

0

. 0

0

. 0

0

. (984,146)

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 10,858,520

0

. 0

0

. 9,874,374

2,311,624

. 0

0

. 0

0

. (984,146)

(206,671)

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 10,858,520

2,518,295

. 0

0

7,562,750

0

0

(777,475)

0

0

0

0

0

0

8,340,225

0

34. Policies/certificates in force end of year

2,004

0

0

635

0

0

0

0

0

0

1,369

0

DETAILS OF WRITE-INS

08.301. Sundry receipts and adjustments.........................................................

. 361,842

. 0

. 0

. 24,369

. 0

. 0

. 0

. 0

. 0

. 0

. 337,473

. 0

08.302. .........................................................................................................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

08.303. .........................................................................................................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page ...............

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

361,842

0

0

24,369

0

0

0

0

0

0

337,473

0

2701. Sundry disbursements and adjustments..................................................

. 2,134

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 2,134

. 0

2702. IMR Ceded..........................................................................................

. 315,204

. 0

. 0

. 2,482

. 0

. 0

. 0

. 0

. 0

. 0

. 312,722

. 0

2703. .........................................................................................................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

.............................

2798. Summary of remaining write-ins for Line 27 from overflow page ................

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

2799. Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

317,338

0

0

2,482

0

0

0

0

0

0

314,856

0

6.1

  1. Include premium amounts for preneed plans included in Line 1 0

  2. Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected. ......................................................................................................................................................................................

  3. Individual and Group Credit Life are combined and included on .......................................................................................... page. (Indicate whether included with Individual or Group.)

ANNUAL STATEMENT FOR THE YEAR 2025 OF THE EQUITABLE FINANCIAL LIFE AND ANNUITY COMPANY

Analysis of Operations by Lines of Business - Group Life Insurance

N O N E

Analysis of Operations by Lines of Business - Individual Annuities

N O N E

Analysis of Operations by Lines of Business - Group Annuities

N O N E

Analysis of Operations by Lines of Business - Accident and Health

N O N E

ANNUAL STATEMENT FOR THE YEAR 2025 OF THE EQUITABLE FINANCIAL LIFE AND ANNUITY COMPANY

ANALYSIS OF INCREASE IN RESERVES DURING THE YEAR - INDIVIDUAL LIFE INSURANCE (a)

1

Total

2

Industrial Life

3

Whole Life

4

Term Life

5

Indexed Life

6

Universal Life

7

Universal Life With Secondary Guarantees

8

Variable Life

9

Variable Universal Life

10

Credit Life (b)

(N/A Fratermal)

11

Other Individual Life

12

YRT

Mortality Risk Only

Involving Life or Disability Contingencies (Reserves)

(Net of Reinsurance Ceded)

  1. Reserve December 31 of prior year ................................................

  2. Tabular net premiums or considerations ........................................

  3. Present value of disability claims incurred .....................................

  4. Tabular interest ...............................................................................

  5. Tabular less actual reserve released ..............................................

  6. Increase in reserve on account of change in valuation basis .........

    1. Change in excess of VM-20 deterministic/stochastic reserve over net premium reserve .....................................................................

  1. Other increases (net) ......................................................................

  2. Totals (Lines 1 to 7) ........................................................................

  3. Tabular cost ...................................................................................

  4. Reserves released by death ..........................................................

  5. Reserves released by other terminations (net) ...............................

  6. Annuity, supplementary contract and disability payments involving life contingencies ..........................................................................

  7. Net transfers to or (from) Separate Accounts .................................

  8. Total Deductions (Lines 9 to 13) .....................................................

  9. Reserve December 31 of current year

. 361,180,553

. 4,962,128

. 53,747

. 7,755,165

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 1,621,970

. 2,534,953

. 53,747

. 29,394

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 359,558,583

. 2,427,175

. 0

. 7,725,771

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

(238,241,313)

.......... XXX...........

0

. 0

0

. 0

(1,212,310)

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

.......... XXX...........

0

. 0

(237,029,003)

. 0

0

. 135,710,280

. 4,275,288

. 47,579,476

. 4,409,971

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 3,027,754

. 2,593,847

. 550

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 132,682,526

. 1,681,441

. 47,578,926

. 4,409,971

. 0

. 0

. 0

. 0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

56,264,735

0

0

2,594,397

0

0

0

0

0

0

53,670,338

0

79,445,545

0

0

433,357

0

0

0

0

0

0

79,012,188

0

Cash Surrender Value and Policy Loans

  1. CSV ending balance December 31, current year ...........................

  2. Amount available for policy loans based upon Line 16 CSV

. 90,333,482

90,333,482

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 90,333,482

90,333,482

. 0

0

7.1

  1. Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected. ..........................................................................................................................................

  2. Individual and Group Credit Life are combined and included on .......................................................................................... page. (Indicate whether included with Individual or Group.)

Analysis of Increase in Reserves During the Year - Group Life Insurance

N O N E

Analysis of Increase in Reserves During the Year - Individual Annuities

N O N E

Analysis of Increase in Reserves During the Year - Group Annuities

N O N E EXHIBIT OF NET INVESTMENT INCOME

1

Collected During Year

2

Earned During Year

  1. U.S. Government bonds ...........................................................................................................................................................

    1. Bonds exempt from U.S. tax ......................................................................................................................................................

    2. Other bonds (unaffiliated) ..........................................................................................................................................................

    3. Bonds of affiliates ......................................................................................................................................................................

  1. Preferred stocks (unaffiliated) ....................................................................................................................................................

2.11 Preferred stocks of affiliates ......................................................................................................................................................

2.2 Common stocks (unaffiliated) ....................................................................................................................................................

2.21 Common stocks of affiliates ......................................................................................................................................................

  1. Mortgage loans ..........................................................................................................................................................................

  2. Real estate ................................................................................................................................................................................

  1. Contract loans ...........................................................................................................................................................................

  2. Cash, cash equivalents and short-term investments .................................................................................................................

  3. Derivative instruments ...............................................................................................................................................................

  1. Other invested assets ................................................................................................................................................................

  2. Aggregate write-ins for investment income ...............................................................................................................................

  3. Total gross investment income

(a) 197,761

(a) 0

(a) 10,371,234

(a) 0

(b) 0

(b) 0

. 0

. 0

(c) 0

(d) 0

. 5,951,882

(e) 475,069

(f) 0

. 0

. 170,145

17,166,091

. 197,761

. 0

. 10,140,765

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 4,680,962

. 475,069

. 0

. 0

. 170,145

15,664,702

  1. Investment expenses ......................................................................................................................................................................................................

  2. Investment taxes, licenses and fees, excluding federal income taxes ............................................................................................................................

  3. Interest expense ..............................................................................................................................................................................................................

  4. Depreciation on real estate and other invested assets ...................................................................................................................................................

  5. Aggregate write-ins for deductions from investment income ..........................................................................................................................................

  6. Total deductions (Lines 11 through 15) ..........................................................................................................................................................................

  7. Net investment income (Line 10 minus Line 16)

(g) 224,627

(g) 0

(h) 78,324

(i) 0

. 0

. 302,951

15,361,751

DETAILS OF WRITE-INS

0901. Miscellaneous ..........................................................................................................................................................................

0902. ..................................................................................................................................................................................................

0903. ..................................................................................................................................................................................................

0998. Summary of remaining write-ins for Line 9 from overflow page ............................................................................................... 0999. Totals (Lines 0901 through 0903 plus 0998) (Line 9, above)

. 170,145

....................................

....................................

. 0

170,145

. 170,145

....................................

....................................

. 0

170,145

1501. .......................................................................................................................................................................................................................................

1502. .......................................................................................................................................................................................................................................

1503. .......................................................................................................................................................................................................................................

1598. Summary of remaining write-ins for Line 15 from overflow page ....................................................................................................................................

1599. Totals (Lines 1501 through 1503 plus 1598) (Line 15, above)

....................................

....................................

....................................

. 0

0

  1. Includes $ ............... 659,465 accrual of discount less $ ............... 189,905 amortization of premium and less $ ............... 288,895 paid for accrued interest on purchases.

  2. Includes $ ......................... 0 accrual of discount less $ ......................... 0 amortization of premium and less $ ......................... 0 paid for accrued dividends on purchases.

  3. Includes $ ......................... 0 accrual of discount less $ ......................... 0 amortization of premium and less $ ......................... 0 paid for accrued interest on purchases.

  4. Includes $ ......................... 0 for company's occupancy of its own buildings; and excludes $ ......................... 0 interest on encumbrances.

  5. Includes $ ......................... 0 accrual of discount less $ ......................... 0 amortization of premium and less $ ......................... 0 paid for accrued interest on purchases.

  6. Includes $ ......................... 0 accrual of discount less $ ......................... 0 amortization of premium.

  7. Includes $ ......................... 0 investment expenses and $ ......................... 0 investment taxes, licenses and fees, excluding federal income taxes, attributable to segregated and Separate Accounts.

  8. Includes $ ......................... 0 interest on surplus notes and $ ......................... 0 interest on capital notes.

  9. Includes $ ........................0 depreciation on real estate and $ ........................0 depreciation on other invested assets.

EXHIBIT OF CAPITAL GAINS (LOSSES)

1

Realized Gain (Loss) On Sales or Maturity

2

Other Realized Adjustments

3

Total Realized Capital Gain (Loss) (Columns 1 + 2)

4

Change in Unrealized

Capital Gain (Loss)

5

Change in Unrealized Foreign Exchange Capital Gain (Loss)

  1. U.S. Government bonds .........................................

    1. Bonds exempt from U.S. tax ....................................

    2. Other bonds (unaffiliated) ........................................

    3. Bonds of affiliates .....................................................

  1. Preferred stocks (unaffiliated) ..................................

2.11 Preferred stocks of affiliates ....................................

2.2 Common stocks (unaffiliated) ..................................

2.21 Common stocks of affiliates .....................................

  1. Mortgage loans ........................................................

  2. Real estate ...............................................................

  3. Contract loans ..........................................................

  4. Cash, cash equivalents and short-term investments

  5. Derivative instruments .............................................

  6. Other invested assets ..............................................

  7. Aggregate write-ins for capital gains (losses) ..........

  8. Total capital gains (losses)

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 1,037,274

. 0

. 1,037,274

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

1,037,274

0

1,037,274

0

0

DETAILS OF WRITE-INS

0901. ..................................................................................

0902. ..................................................................................

0903. ..................................................................................

0998. Summary of remaining write-ins for Line 9 from overflow page .........................................................

0999. Totals (Lines 0901 through 0903 plus 0998) (Line 9, above)

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

. 0

. 0

. 0

. 0

. 0

0

0

0

0

0

9

EXHIBIT - 1 PART 1 - PREMIUMS AND ANNUITY CONSIDERATIONS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS

1

Total

2

Individual Life

3

Group Life

4

Individual Annuities

5

Group Annuities

6

Accident & Health

7

Fraternal

8

Other Lines of Business

FIRST YEAR (other than single)

  1. Uncollected ..................................................................................................................................................

  2. Deferred and accrued ..................................................................................................................................

  3. Deferred , accrued and uncollected:

    1. Direct .....................................................................................................................................................

    2. Reinsurance assumed ...........................................................................................................................

    3. Reinsurance ceded ................................................................................................................................

    4. Net (Line 1 + Line 2) ..............................................................................................................................

  4. Advance .......................................................................................................................................................

  5. Line 3.4 - Line 4 ...........................................................................................................................................

  6. Collected during year:

    1. Direct .....................................................................................................................................................

    2. Reinsurance assumed ...........................................................................................................................

    3. Reinsurance ceded ................................................................................................................................

    4. Net .........................................................................................................................................................

  7. Line 5 + Line 6.4 ..........................................................................................................................................

  8. Prior year (uncollected + deferred and accrued - advance) .........................................................................

  9. First year premiums and considerations:

    1. Direct .....................................................................................................................................................

    2. Reinsurance assumed ...........................................................................................................................

    3. Reinsurance ceded ................................................................................................................................

    4. Net (Line 7 - Line 8) ...............................................................................................................................

      SINGLE

  10. Single premiums and considerations:

    1. Direct ...................................................................................................................................................

    2. Reinsurance assumed .........................................................................................................................

    3. Reinsurance ceded .............................................................................................................................

    4. Net .......................................................................................................................................................

      RENEWAL

  11. Uncollected .................................................................................................................................................

  12. Deferred and accrued .................................................................................................................................

  13. Deferred, accrued and uncollected:

    1. Direct ...................................................................................................................................................

    2. Reinsurance assumed ........................................................................................................................

    3. Reinsurance ceded .............................................................................................................................

    4. Net (Line 11 + Line 12) .......................................................................................................................

  14. Advance ......................................................................................................................................................

  15. Line 13.4 - Line 14 ......................................................................................................................................

  16. Collected during year:

    1. Direct ...................................................................................................................................................

    2. Reinsurance assumed ........................................................................................................................

    3. Reinsurance ceded .............................................................................................................................

    4. Net .......................................................................................................................................................

  17. Line 15 + Line 16.4 .....................................................................................................................................

  18. Prior year (uncollected + deferred and accrued - advance) ........................................................................

  19. Renewal premiums and considerations:

    1. Direct ...................................................................................................................................................

    2. Reinsurance assumed ........................................................................................................................

    3. Reinsurance ceded .............................................................................................................................

    4. Net (Line 17 - Line 18) ........................................................................................................................

      TOTAL

  20. Total premiums and annuity considerations:

    1. Direct ...................................................................................................................................................

    2. Reinsurance assumed .........................................................................................................................

    3. Reinsurance ceded .............................................................................................................................

    4. Net (Lines 9.4 + 10.4 + 19.4)

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. (2,410,229)

. 574,085

. (2,410,229)

. 574,085

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 1,318,512

. 0

. 3,154,656

. (1,836,144)

. 696,267

. (2,532,411)

. 1,318,512

. 0

. 3,154,656

. (1,836,144)

. 696,267

. (2,532,411)

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 16,282,441

. 0

. 261,916,227

. (245,633,786)

. (248,166,197)

. (2,704,555)

. 16,282,441

. 0

. 261,916,227

. (245,633,786)

. (248,166,197)

. (2,704,555)

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 15,591,520

. 0

. 261,053,162

(245,461,642)

. 15,591,520

. 0

. 261,053,162

(245,461,642)

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 15,591,520

. 0

. 261,053,162

(245,461,642)

. 15,591,520

. 0

. 261,053,162

(245,461,642)

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

1

Total

2

Individual Life

3

Group Life

4

Individual Annuities

5

Group Annuities

6

Accident & Health

7

Fraternal

8

Other Lines of Business

POLICYHOLDERS' DIVIDENDS, REFUNDS TO MEMBERS AND COUPONS APPLIED

(included in Part 1)

  1. To pay renewal premiums ...........................................................................................................................

  2. All other ........................................................................................................................................................

    REINSURANCE COMMISSIONS AND EXPENSE ALLOWANCES INCURRED

  3. First year (other than single):

    1. Reinsurance ceded .............................................................................................................................

    2. Reinsurance assumed ........................................................................................................................

    3. Net ceded less assumed .....................................................................................................................

  4. Single:

    1. Reinsurance ceded ..............................................................................................................................

    2. Reinsurance assumed .........................................................................................................................

    3. Net ceded less assumed ......................................................................................................................

  5. Renewal:

    1. Reinsurance ceded ..............................................................................................................................

    2. Reinsurance assumed .........................................................................................................................

    3. Net ceded less assumed ......................................................................................................................

  6. Totals:

    1. Reinsurance ceded (Page 6, Line 6) ...................................................................................................

    2. Reinsurance assumed (Page 6, Line 22) .............................................................................................

    3. Net ceded less assumed ......................................................................................................................

      COMMISSIONS INCURRED (direct business only)

  7. First year (other than single) .......................................................................................................................

  8. Single ..........................................................................................................................................................

  9. Renewal ......................................................................................................................................................

  10. Deposit-type contract funds ........................................................................................................................

  11. Totals (to agree with Page 6, Line 21)

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 11,917,987

. 0

11,917,987

. 11,917,987

. 0

11,917,987

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 11,917,987

0

. 11,917,987

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 0

0

. 11,917,987

. 11,917,987

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 1,247,322

0

. 0

. 0

. 1,247,322

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

1,247,322

1,247,322

0

0

0

0

0

0

EXHIBIT - 1 PART 2 - POLICYHOLDERS' DIVIDENDS, REFUNDS TO MEMBERS AND COUPONS APPLIED, REINSURANCE COMMISSIONS AND EXPENSE ALLOWANCES AND COMMISSIONS INCURRED (Direct Business Only)

10

.

EXHIBIT 2 - GENERAL EXPENSES

Insurance

5

Investment

6

Fraternal

7

Total

1

Life

Accident and Health

4

All Other Lines of Business

2

Cost Containment

3

All Other

  1. Rent ..............................................................

  2. Salaries and wages ..........................................

  3. 11 Contributions for benefit plans for employees ......

3.12 Contributions for benefit plans for agents ............

3.21 Payments to employees under non-funded benefit plans ............................................................

3.22 Payments to agents under non-funded benefit plans ............................................................

3.31 Other employee welfare ....................................

3.32 Other agent welfare .........................................

  1. Legal fees and expenses ..................................

  2. Medical examination fees ..................................

  3. Inspection report fees .......................................

  4. Fees of public accountants and consulting actuaries ......................................................

  5. Expense of investigation and settlement of policy claims ..........................................................

  1. Traveling expenses ..........................................

  2. Advertising .....................................................

  3. Postage, express, telegraph and telephone .........

  4. Printing and stationery ......................................

  5. Cost or depreciation of furniture and equipment ...

  6. Rental of equipment .........................................

  7. Cost or depreciation of EDP equipment and software .......................................................

  1. Books and periodicals ......................................

  2. Bureau and association fees .............................

  3. Insurance, except on real estate ........................

  4. Miscellaneous losses .......................................

  5. Collection and bank service charges ..................

  6. Sundry general expenses .................................

  7. Group service and administration fees ................

  8. Reimbursements by uninsured plans ..................

  1. Agency expense allowance ...............................

  2. Agents' balances charged off (less $

    $ ......................... 0 recovered) ....................

  3. Agency conferences other than local meetings ....

  1. Official publication (Fraternal Benefit Societies Only) ...........................................................

  2. Expense of supreme lodge meetings (Fraternal Benefit Societies Only) ...................................

  1. Real estate expenses .......................................

  2. Investment expenses not included elsewhere ......

  3. Aggregate write-ins for expenses .......................

  1. General expenses incurred ...............................

  2. General expenses unpaid Dec. 31, prior year ......

  3. General expenses unpaid Dec. 31, current year ...

  4. Amounts receivable relating to uninsured plans, prior year ......................................................

  5. Amounts receivable relating to uninsured plans, current year ..................................................

  6. General expenses paid during year (Lines 10+11-12-13+14)

. 0

. 1,050

. 152

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 123,603

. 17,964

. 0

. 0

. 0

. 0

. 0

. 0

. 124,653

. 18,116

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 533

. 0

. 0

. 0

. 62,720

. 0

. 63,253

. 0

. 0

. 0

. 0

. 9

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 1,050

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 1,059

. 0

. 0

. 0

. 0

. 40

. 0

. 0

. 30

. 15

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 4,743

. 0

. 0

. 3,480

. 1,772

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 4,783

. 0

. 0

. 3,510

. 1,787

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

.......... XXX...........

.......... XXX...........

.......... XXX...........

.......... XXX...........

.......... XXX...........

. 0

. 0

.......... XXX...........

. 0

. 0

79

.......... XXX...........

. 0

. 0

0

.......... XXX...........

. 0

. 0

0

.......... XXX...........

. 0

. 0

0

.......... XXX...........

. 0

. 0

9,295

. 0

. 0

. 0

0

. 0

. 0

. 0

9,374

. 1,908

. 128

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 224,627

. 0

. 0

(b) 0

. 0

. 0

(a) 226,535

. 128

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

0

0

0

0

0

0

0

2,036

0

0

0

224,627

0

226,663

DETAILS OF WRITE-INS

  1. Special services and related expenses............

  2. .....................................................................

  3. .....................................................................

  1. Summary of remaining write-ins for Line 9.3 from overflow page................................................

  2. Totals (Lines 09.301 through 09.303 plus 09.398)

(Line 9.3 above)

. 79

............................

............................

. 0

79

. 0

............................

............................

. 0

0

. 0

............................

............................

. 0

0

. 0

............................

............................

. 0

0

. 9,295

............................

............................

. 0

9,295

. 0

............................

............................

. 0

0

. 9,374

............................

............................

. 0

9,374

  1. Includes management fees of $ .........................224,627 to affiliates and $ ................................. 0 to non-affiliates.

  2. Show the distribution of this amount in the following categories (Fraternal Benefit Societies Only):

1. Charitable $

. 0

; 2. Institutional . $ .........................0 ; 3. Recreational and Health $ .........................0 ; 4. Educational $

. 0

5. Religious $

. 0

; 6. Membership $ .........................0 ; 7. Other .......................... $ .........................0 ; 8. Total $

. 0

EXHIBIT 3 - TAXES, LICENSES AND FEES (EXCLUDING FEDERAL INCOME TAXES)

Insurance

4

Investment

5

Fraternal

6

Total

1

Life

2

Accident and Health

3

All Other Lines of Business

  1. Real estate taxes ..........................................................

  2. State insurance department licenses and fees ..................

  3. State taxes on premiums ................................................

  4. Other state taxes, including $ 0

    for employee benefits ....................................................

  5. U.S. Social Security taxes ..............................................

  6. All other taxes ..............................................................

  7. Taxes, licenses and fees incurred ...................................

  8. Taxes, licenses and fees unpaid Dec. 31, prior year ..........

  9. Taxes, licenses and fees unpaid Dec. 31, current year........

  10. Taxes, licenses and fees paid during year (Lines 7 + 8 - 9)

. 0

. 67,957

. 1,200

. 6,740

. 0

0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 0

. 0

. 0

. 0

0

. 0

. 67,957

. 1,200

. 6,740

. 0

0

. 75,897

. 1,653,948

1,580,337

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 0

. 0

0

. 75,897

. 1,653,948

1,580,337

149,508

0

0

0

0

149,508

EXHIBIT 4 - DIVIDENDS OR REFUNDS

1

Life

2

Accident and Health

  1. Applied to pay renewal premiums ....................................................................................................................................................

  2. Applied to shorten the endowment or premium-paying period ..............................................................................................................

  3. Applied to provide paid-up additions ................................................................................................................................................

  4. Applied to provide paid-up annuities ................................................................................................................................................

  5. Total Lines 1 through 4 ..................................................................................................................................................................

  6. Paid in cash ..................................................................................................................................................................................

  7. Left on deposit ..............................................................................................................................................................................

  8. Aggregate write-ins for dividend or refund options ..............................................................................................................................

  9. Total Lines 5 through 8 ..........................................N...........................O..............................N...........................E....................................

  10. Amount due and unpaid .................................................................................................................................................................

  11. Provision for dividends or refunds payable in the following calendar year ..............................................................................................

  12. Terminal dividends ........................................................................................................................................................................

  13. Provision for deferred dividend contracts ..........................................................................................................................................

  14. Amount provisionally held for deferred dividend contracts not included in Line 13 ...................................................................................

  15. Total Lines 10 through 14 ...............................................................................................................................................................

  16. Total from prior year ......................................................................................................................................................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

17. Total dividends or refunds (Lines 9 + 15 - 16)

DETAILS OF WRITE-INS

0801. ....................................................................................................................................................................................................

0802. ....................................................................................................................................................................................................

0803. ....................................................................................................................................................................................................

0898. Summary of remaining write-ins for Line 8 from overflow page .............................................................................................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

0899. Totals (Lines 0801 through 0803 plus 0898) (Line 8 above)

EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS

1

Valuation Standard

2

Total (a)

3

Industrial

4

Ordinary

5

Credit (Group and Individual)

6

Group

0100001. 1980 CSO 4.00% ...................................................

0100002. 1980 CSO 4.50% ...................................................

0100003. 1980 CSO 5.00% ...................................................

0100004. 1980 CSO 5.50% ...................................................

0100005. 1980 CSO 6.00% ...................................................

0100006. 2001 CSO 4.00% ...................................................

. 1,236,356,710

. 864,740

. 49,503

. 50,300,975

. 2,739,449

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 1,236,356,710

. 864,740

. 49,503

. 50,300,975

. 2,739,449

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

0199997. Totals (gross)

1,290,311,377

0

1,290,311,377

0

0

0199998. Reinsurance ceded

1,212,468,776

0

1,212,468,776

0

0

0199999. Life Insurance: Totals (net)

77,842,601

0

77,842,601

0

0

0299998. Reinsurance ceded

0

XXX

0

XXX

0

0299999. Annuities: Totals (net)

0

XXX

0

XXX

0

0399998. Reinsurance ceded

0

0

0

0

0

0399999. SCWLC: Totals (net)

0

0

0

0

0

0499998. Reinsurance ceded

0

0

0

0

0

0499999. Accidental Death Benefits: Totals (net)

0

0

0

0

0

0500001. 102% 1952 INTERCO PER 2 BEN 5 1958 CSO 3.00%

..............................................................................

. 17

. 0

. 17

. 0

. 0

0599997. Totals (gross)

17

0

17

0

0

0599998. Reinsurance ceded

0

0

0

0

0

0599999. Disability-Active Lives: Totals (net)

17

0

17

0

0

0600001. 120% 1952 INTERCO BEN 5 4.50% .........................

. 1,602,927

. 0

. 1,602,927

. 0

. 0

0699997. Totals (gross)

1,602,927

0

1,602,927

0

0

0699998. Reinsurance ceded

0

0

0

0

0

0699999. Disability-Disabled Lives: Totals (net)

1,602,927

0

1,602,927

0

0

0799998. Reinsurance ceded

0

0

0

0

0

0799999. Miscellaneous Reserves: Totals (net)

0

0

0

0

0

.................................................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

............... .............................................................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

9999999. Totals (net) - Page 3, Line 1

79,445,545

0

79,445,545

0

0

(a) Included in the above table are amounts of deposit-type contracts that originally contained a mortality risk. Amounts of deposit-type contracts in Column 2 that no longer contain a mortality risk are Life Insurance $ ............................... 0 ; Annuities $ ............................... 0 ; Supplementary Contracts with Life Contingencies $ ...............................0 ;

Accidental Death Benefits $ .................................0 ; Disability - Active Lives $ .................................0 ; Disability - Disabled Lives $ .................................0 ; Miscellaneous Reserves $ .................................0 .

EXHIBIT 5 - INTERROGATORIES

  1. Has the reporting entity ever issued both participating and non-participating contracts?........................................................................................ Yes [ ] No [ X ]

  2. If not, state which kind is issued.

Non-Participating ..............................................................................................................................................................................................

  1. Does the reporting entity at present issue both participating and non-participating contracts?............................................................................... Yes [ ] No [ X ]

  2. If not, state which kind is issued.

Non-Participating ..............................................................................................................................................................................................

  1. Does the reporting entity at present issue or have in force contracts that contain non-guaranteed elements?....................................................... Yes [ X ] No [ ]

    If so, attach a statement that contains the determination procedures, answers to the interrogatories and an actuarial opinion as described in the instructions.

  2. Has the reporting entity any assessment or stipulated premium contracts in force? Yes [ ] No [ X ]

    If so, state:

    1. Amount of insurance? ......................................................................................................................................................................................$ 0

    2. Amount of reserve? ......................................................................................................................................................................................... $ 0

    3. Basis of reserve:

      ............................................................................................................................................................................................................................

    4. Basis of regular assessments:

      ............................................................................................................................................................................................................................

    5. Basis of special assessments:

      ............................................................................................................................................................................................................................

    6. Assessments collected during the year ........................................................................................................................................................... $ 0

  3. If the contract loan interest rate guaranteed in any one or more of its currently issued contracts is less than 5%, not in advance, state the contract loan rate guarantees on any such contracts.

    ............................................................................................................................................................................................................................

  4. Does the reporting entity hold reserves for any annuity contracts that are less than the reserves that would be held on a standard basis? ......... Yes [ ] No [ X ]

    1. If so, state the amount of reserve on such contracts on the basis actually held:............................................................................................. $ 0

    2. That would have been held (on an exact or approximate basis) using the actual ages of the annuitants; the interest rate(s) used in 6.1; and the same mortality basis used by the reporting entity for the valuation of comparable annuity benefits issued to standard lives. If the reporting entity has no comparable annuity benefits for standard lives to be valued, the mortality basis shall be the table most recently

      approved by the state of domicile for valuing individual annuity benefits: ...................................................................................................... $ 0

      Attach statement of methods employed in their valuation.

  5. Does the reporting entity have any Synthetic GIC contracts or agreements in effect as of December 31 of the current year? .............................. Yes [ ] No [ X ]

    1. If yes, state the total dollar amount of assets covered by these contracts or agreements .............................................................................. $ 0

    2. Specify the basis (fair value, amortized cost, etc.) for determining the amount:

      ............................................................................................................................................................................................................................

    3. State the amount of reserves established for this business: ........................................................................................................................... $ 0

    4. Identify where the reserves are reported in the blank:

      ............................................................................................................................................................................................................................

  6. Does the reporting entity have any Contingent Deferred Annuity contracts or agreements in effect as of December 31 of the current year? ....... Yes [ ] No [ X ]

    1. If yes, state the total dollar amount of account value covered by these contracts or agreements: ................................................................. $ 0

    2. State the amount of reserves established for this business: ........................................................................................................................... $ 0

    3. Identify where the reserves are reported in the blank:

      ............................................................................................................................................................................................................................

  7. Does the reporting entity have any Guaranteed Lifetime Income Benefit contracts, agreements or riders in effect as of December 31 of the

    current year? .......................................................................................................................................................................................................... Yes [ ] No [ X ]

    1. If yes, state the total dollar amount of any account value associated with these contracts, agreements or riders: ........................................ $ 0

    2. State the amount of reserves established for this business: ........................................................................................................................... $ 0

    3. Identify where the reserves are reported in the blank:

............................................................................................................................................................................................................................

EXHIBIT 5A - CHANGES IN BASES OF VALUATION DURING THE YEAR

1

Description of Valuation Class

Valuation Basis

4

Increase in Actuarial Reserve Due to Change

2

Changed From

3

Changed To

.......................................................................................N...........................O..................

...........N...........................E.................

.......................................................

....................................

....................................................................................................................................

......................................................

......................................................

....................................

....................................................................................................................................

......................................................

......................................................

....................................

....................................................................................................................................

......................................................

......................................................

....................................

....................................................................................................................................

......................................................

......................................................

....................................

....................................................................................................................................

......................................................

......................................................

....................................

9999999 - Total (Column 4, only)

Exhibit 6 - Aggregate Reserves for Accident and Health Contracts

N O N E

Exhibit 7 - Deposit-Type Contracts

N O N E

1

Total

2

Individual Life

3

Group Life

4

Individual Annuities

5

Group Annuities

6

Accident & Health

7

Fraternal

8

Other Lines of Business

  1. Due and unpaid:

    1. Direct .....................................................................................................

    2. Reinsurance assumed ...........................................................................

    3. Reinsurance ceded ................................................................................

    4. Net .........................................................................................................

  2. In course of settlement:

    1. Resisted ......................... 2.11 Direct ...................................................................................................

  1. Reinsurance assumed .........................................................................

  2. Reinsurance ceded ..............................................................................

  3. Net .......................................................................................................

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

(b) 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

(b) 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

(b) 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

2.2 Other .............................. 2.21 Direct ....................................................................................................

  1. Reinsurance assumed .........................................................................

  2. Reinsurance ceded ..............................................................................

  3. Net .......................................................................................................

  1. Incurred but unreported:

    1. Direct ......................................................................................................

    2. Reinsurance assumed ...........................................................................

    3. Reinsurance ceded ................................................................................

    4. Net .........................................................................................................

. 95,653,028

. 0

. 63,105,531

. 32,547,497

. 1,775,000

. 0

. 1,271,033

. 503,967

. 95,653,028

. 0

. 63,105,531

(b) 32,547,497

. 1,775,000

. 0

. 1,271,033

(b) 503,967

. 0

. 0

. 0

(b) 0

. 0

. 0

. 0

(b) 0

. 0

. 0

. 0

(b) 0

. 0

. 0

. 0

(b) 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

(b) 0

. 0

. 0

. 0

(b) 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

. 0

  1. TOTALS ............................... 4.1 Direct ......................................................................................................

    1. Reinsurance assumed ...........................................................................

    2. Reinsurance ceded ................................................................................

    3. Net

. 97,428,028

. 0

. 64,376,564

33,051,464

. 97,428,028

. 0

. 64,376,564

(a) 33,051,464

. 0

. 0

. 0

(a) 0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

. 0

. 0

. 0

0

16

  1. Including matured endowments (but not guaranteed annual pure endowments) unpaid amounting to $ ............................. 0 in Column 2 and $ ............................. 0 in Column 3.

  2. Include only portion of disability and accident and health claim liabilities applicable to assumed "accrued" benefits. Reserves (including reinsurance assumed and net of reinsurance ceded) for unaccrued benefits for Individual Life $ ............................. 0 Group Life $ ............................. 0 , and Individual Annuities $ 0

    are included in Page 3, Line 1, (See Exhibit 5, Section on Disability Disabled Lives); and for Accident and Health $ ............................. 0 are included in Page 3, Line 2 (See Exhibit 6, Claim Reserve).

    1

    Total

    2

    Individual Life (a)

    3

    Group Life (b)

    4

    Individual Annuities

    5

    Group Annuities

    6

    Accident & Health

    7

    Fraternal

    8

    Other Lines of Business

    . 110,121,584

    . 0

    . 98,760,905

    (c) 11,360,679

    . 97,428,028

    . 0

    . 64,376,564

    . 33,051,464

    . 11,632,077

    . 36,340,884

    . 0

    . 34,019,632

    . 2,321,252

    16,009,706

    . 110,121,584

    . 0

    . 98,760,905

    . 11,360,679

    . 97,428,028

    . 0

    . 64,376,564

    . 33,051,464

    . 11,632,077

    . 36,340,884

    . 0

    . 34,019,632

    . 2,321,252

    16,009,706

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    0

    . 171,208,728

    . 0

    . 124,740,208

    46,468,520

    . 171,208,728

    . 0

    . 124,740,208

    46,468,520

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    0

    . 0

    . 0

    . 0

    0

    1. Settlements During the Year:

      1. Direct .....................................................................................................................................................

      2. Reinsurance assumed ...........................................................................................................................

      3. Reinsurance ceded ................................................................................................................................

      4. Net .........................................................................................................................................................

    2. Liability December 31, current year from Part 1:

      1. Direct .....................................................................................................................................................

      2. Reinsurance assumed ...........................................................................................................................

      3. Reinsurance ceded ................................................................................................................................

      4. Net .........................................................................................................................................................

    3. Amounts recoverable from reinsurers December 31, current year ..............................................................

    4. Liability December 31, prior year:

      1. Direct .....................................................................................................................................................

      2. Reinsurance assumed ...........................................................................................................................

      3. Reinsurance ceded ................................................................................................................................

      4. Net .........................................................................................................................................................

    5. Amounts recoverable from reinsurers December 31, prior year ..................................................................

    6. Incurred Benefits

      1. Direct .....................................................................................................................................................

      2. Reinsurance assumed ...........................................................................................................................

      3. Reinsurance ceded ................................................................................................................................

      4. Net

    17

    (a) Including matured endowments (but not guaranteed annual pure endowments) amounting to $

    . 0

    in Line 1.1, $

    . 0

    in Line 1.4.

    $ 0

    in Line 6.1, and $

    . 0

    in Line 6.4.

    (b) Including matured endowments (but not guaranteed annual pure endowments) amounting to $

    . 633,584

    in Line 1.1, $

    . 633,584

    in Line 1.4.

    $ 633,584

    in Line 6.1, and $

    . 633,584

    in Line 6.4.

  3. Includes $ ...................... 124,659 premiums waived under total and permanent disability benefits.

    ANNUAL STATEMENT FOR THE YEAR 2025 OF THE EQUITABLE FINANCIAL LIFE AND ANNUITY COMPANY

    EXHIBIT OF NON-ADMITTED ASSETS

    1

    Current Year Total Nonadmitted Assets

    2

    Prior Year Total Nonadmitted Assets

    3

    Change in Total Nonadmitted Assets (Col. 2 - Col. 1)

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 86,762

    . 86,762

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 86,762

    . 86,762

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 505,431

    . 5,503,835

    . 4,998,404

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 0

    . 399,026

    . 4,172

    . (394,854)

    . 991,219

    . 5,594,769

    . 4,603,550

    . 0

    . 0

    . 0

    991,219

    5,594,769

    4,603,550

    DETAILS OF WRITE-INS

    1101. ...........................................................................................................................................................

    ....................................

    ....................................

    ....................................

    1102. ...........................................................................................................................................................

    ....................................

    ....................................

    ....................................

    1103. ...........................................................................................................................................................

    ....................................

    ....................................

    ....................................

    1198. Summary of remaining write-ins for Line 11 from overflow page ........................................................

    . 0

    . 0

    . 0

    1199. Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)

    0

    0

    0

    2501. ..........................................................................................................................................................

    . 0

    . 0

    . 0

    . (394,854)

    ....................................

    . 0

    (394,854)

    2502. Other Assets Non-Admitted ...............................................................................................................

    . 399,026

    . 4,172

    2503. ...........................................................................................................................................................

    ....................................

    ....................................

    2598. Summary of remaining write-ins for Line 25 from overflow page ........................................................

    . 0

    . 0

    2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

    399,026

    4,172

    1. Bonds (Schedule D) ...........................................................................................................................

    2. Stocks (Schedule D):

      1. Preferred stocks ...........................................................................................................................

      2. Common stocks ............................................................................................................................

    3. Mortgage loans on real estate (Schedule B):

      1. First liens ......................................................................................................................................

      2. Other than first liens......................................................................................................................

    4. Real estate (Schedule A):

      1. Properties occupied by the company ...........................................................................................

      2. Properties held for the production of income.................................................................................

      3. Properties held for sale ................................................................................................................

    5. Cash (Schedule E - Part 1), cash equivalents (Schedule E - Part 2) and short-term investments (Schedule DA) ..................................................................................................................................

    6. Contract loans .....................................................................................................................................

    7. Derivatives (Schedule DB) ..................................................................................................................

    8. Other invested assets (Schedule BA) .................................................................................................

    9. Receivables for securities ...................................................................................................................

    10. Securities lending reinvested collateral assets (Schedule DL) ...........................................................

    11. Aggregate write-ins for invested assets ..............................................................................................

    12. Subtotals, cash and invested assets (Lines 1 to 11) ..........................................................................

    13. Title plants (for Title insurers only) ......................................................................................................

    14. Investment income due and accrued ..................................................................................................

    15. Premiums and considerations:

      1. Uncollected premiums and agents' balances in the course of collection ....................................

      2. Deferred premiums, agents' balances and installments booked but deferred and not yet due .

      3. Accrued retrospective premiums and contracts subject to redetermination ...............................

    16. Reinsurance:

      1. Amounts recoverable from reinsurers .........................................................................................

      2. Funds held by or deposited with reinsured companies ...............................................................

      3. Other amounts receivable under reinsurance contracts .............................................................

    17. Amounts receivable relating to uninsured plans .................................................................................

    1. Current federal and foreign income tax recoverable and interest thereon .........................................

    2. Net deferred tax asset ........................................................................................................................

    1. Guaranty funds receivable or on deposit ............................................................................................

    2. Electronic data processing equipment and software ..........................................................................

    3. Furniture and equipment, including health care delivery assets .........................................................

    4. Net adjustment in assets and liabilities due to foreign exchange rates ..............................................

    5. Receivables from parent, subsidiaries and affiliates ...........................................................................

    6. Health care and other amounts receivable .........................................................................................

    7. Aggregate write-ins for other-than-invested assets ............................................................................

    8. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) .................................................................................................................................

    9. From Separate Accounts, Segregated Accounts and Protected Cell Accounts .................................

    10. Total (Lines 26 and 27)

    1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      1. Accounting Practices

        The accompanying financial statements of Equitable Financial Life and Annuity Company ("the Company") have been prepared in conformity with accounting practices and procedures of the National Association of Insurance Commissioners as prescribed or permitted by the Division of Insurance of the State of Colorado ("SAP")

        The Colorado State Insurance Department recognizes only Statutory Accounting Practices prescribed or permitted by the State of Colorado for determining and reporting the financial condition and results of operations of an insurance company, in order to determine its solvency under the Colorado State Insurance Laws. The National Association of Insurance Commissioners' ("NAIC") Accounting Practices and Procedures manual ("NAIC SAP"), has been adopted as a component of prescribed or permitted practices by the State of Colorado.

        There are no differences in Net income and Capital and Surplus between NAIC SAP and SAP for the Company. See table below:

        SSAP #

        F/S Page

        F/S Line #

        December 31,

        2025

        December 31,

        2024

        NET INCOME

        (1) EQUITABLE FINANCIAL LIFE AND ANNUITY

        COMPANY state basis (Page 4, Line 35, Columns 1 & 2)

        XXX

        XXX

        XXX

        $ 7,780,578

        $ 7,085,332

        (2) State Prescribed Practices that increase/decrease NAIC SAP

        (3) State Permitted Practices that increase/decrease NAIC SAP

        (4) NAIC SAP (1 - 2 - 3 = 4)

        XXX

        XXX

        XXX

        $ 7,780,578

        $ 7,085,332

        SURPLUS

        (5) EQUITABLE FINANCIAL LIFE AND ANNUITY

        COMPANY state basis (Page 3, line 38, Columns 1 & 2)

        XXX

        XXX

        XXX

        $ 191,451,015

        $ 154,342,688

        (6) State Prescribed Practices that increase/decrease NAIC SAP

        (7) State Permitted Practices that increase/decrease NAIC SAP

        (8) NAIC SAP (5 - 6 - 7 = 8)

        XXX

        XXX

        XXX

        $ 191,451,015

        $ 154,342,688

    2. Listed below is the supplemental disclosures of cash flow transactions for non-cash items excluded in the Cash Flow:

December 31, 2025

December 31, 2024

Premiums and annuity considerations*

$ 239,305,215 $

-

Miscellaneous Income

(41,453,799)

-

Total

197,851,416

-

Benefit and Loss related payments

785,041

-

Commissions and expenses paid

-

-

Total

785,041

-

Net cash from operations

$ 197,066,375 $

-

Bonds proceeds

(65,455,585)

-

Stocks proceeds

-

-

Policy loans proceeds

-

-

Real Estate proceeds

-

-

Other Invested assets proceeds

-

-

Total investment proceeds

(65,455,585)

-

Bonds acquired

-

-

Stocks acquired

-

-

Policy loans acquired

-

-

Real Estate acquired

-

-

Other Invested assets acquired

-

-

Total investments acquired

Net Increase (Decrease) in Contract Loans

-

131,610,790

-

Net cash from investments

$ (197,066,375) $

-

Capital and paid in surplus Dividends to stockholders Other cash provided (applied)

-

-

Net cash from financing and miscellaneous sources

$ - $

-

Total non-cash transactions

$ - $

-

  1. Use of Estimates in Preparation of the Financial Statements

    The preparation of financial statements in conformity with SAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities. It also requires disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual result could be different from those estimates.

  2. Accounting Policy

    Life premiums are recognized as income over the premium paying period of the related policies. On universal life-type insurance policies and annuities with life contingencies, premiums and considerations are recognized as revenue when received. Payments on deposit type contracts are recorded to the policy reserve. Expenses incurred in connection with the acquisition of new insurance business, including acquisition costs such as sales commissions, are charged to operations as incurred.

    In addition, the company uses the following accounting policies:

    Bonds are stated principally at amortized cost, the value of which is based on the effective interest rate method, and are adjusted to regulatory mandated values through the establishment of a valuation allowance, and for impairments in value deemed to be other than temporary through write-downs recorded as realized capital losses.

    The NAIC Designation Category applies wherever an NAIC Designation is reported and produced by the SVO. The more granular delineations of credit risk are called an NAIC Designation Category, a combination of the NAIC Designation and NAIC Designation Modifier, and are distributed as follows, 20 in total: 7 for the NAIC 1 Designation grade indicated by the letters A through G; 3 delineations each for each of the NAIC Designation grades NAIC 2, NAIC 3, NAIC 4 and NAIC 5 indicated by the letters A, B and C and 1 delineation for NAIC Designation grade NAIC 6 with no NAIC Designation Modifier. Bonds rated in the top five NAIC Designations are generally valued at amortized cost while bonds rated at the lowest NAIC Designations are valued at lower of amortized cost or fair market value. The Company follows both the prospective and retrospective methods for amortizing bond premium and discount. Both methods require the recalculation of the effective yield at each reporting date if there has been a change in the underlying assumptions. For the prospective method, the recalculated yield will equate the carrying amount of the investment to the present value of the anticipated future cash flows. The recalculated yield is then used to accrue income on the investment balance for subsequent accounting periods. There are no accounting changes in the current period unless the undiscounted anticipated cash flow is less than the carrying amount of the investment. For the retrospective method, the recalculated yield is the rate that equates the present value of actual and anticipated future cash flows with the original cost of the investment. The current balance of the investment is increased or decreased to the amount that would have resulted had the revised yield been applied since inception and investment income is correspondingly decreased or increased. For other than temporary impairments, the cost basis of the bond excluding loan-backed and structured securities is written down to fair market value as a new cost basis and the amount of the write down is accounted for as a realized loss

    Mortgage backed and asset backed bonds are amortized using the effective interest method including anticipated prepayments from the date of purchase; significant changes in the estimated cash flows from original purchase assumptions are accounted for using the retrospective method. Mortgage backed and asset backed bonds carrying values are adjusted for impairment deemed to be other than temporary through write-downs recorded as realized capital losses.

    Prepayment assumptions for loan-backed bonds and structured securities were obtained from broker-dealer survey values or internal estimates. These assumptions are consistent with the current interest rate and economic environment.

    Publicly traded unaffiliated common stocks are stated at market value; common stocks not publicly traded are stated at fair value. Common stock values are adjusted for impairments in value deemed to be other than temporary through write-downs recorded as realized capital losses.

    Preferred stock is valued based on the underlying characteristics (redeemable, perpetual or mandatory convertible) and the quality rating expressed as an NAIC designation. Highest-quality, high-quality or medium quality redeemable preferred stocks (NAIC designations 1 to 3) are stated at amortized cost. All other redeemable preferred stocks (NAIC designations 4 to 6) are reported at the lower of amortized cost or fair value. Perpetual preferred stocks are stated at fair value, not to exceed any currently effective call price. Mandatory convertible preferred stocks (regardless if the preferred stock is redeemable or perpetual) are reported at fair value, not to exceed any currently effective call price, in the periods prior to conversion. Impairments in value deemed to be other than temporary are recorded through write-downs and accounted for as realized capital losses.

    Short-term investments are stated at cost or amortized cost, which approximates market value.

    Cash and cash equivalents includes cash on hand, money market funds, amounts due from banks and highly liquid debt instruments purchased with a maturity of three months or less and certificates of deposit with a maturity of one year or less.

    Policy loans are stated at unpaid principal balances.

    Realized Investments Gains (Losses) and Unrealized Investment Gains (Losses):

    Realized investment gains (losses) are determined by identification with the specific asset and are presented as a component of net income. The change in unrealized capital gains (losses) is presented as a component of change in surplus.

    NOTES TO FINANCIAL STATEMENTS

    Aggregate reserves for insurance policies are generally computed under the Commissioners' Reserve Valuation Method or otherwise under the net level premium method or comparable method, and are subject to reserve adequacy testing.

    Benefit reserves are computed using statutory mortality and interest requirements and are generally determined without consideration of future withdrawals.

  3. Going Concern :

There is no issue regarding the Company's ability to continue as a going concern.

  1. ACCOUNTING CHANGES AND CORRECTIONS OF ERRORS

    1. Corrections of Errors - Current Year - NONE for 2025 and 2024

    2. Accounting Changes

      Effective January 1, 2025 the Company adopted revisions to SSAP 26 - Bonds to incorporate their principles-based bond definition project's (PBBD) concepts on what should be reported as a long-term bond. In accordance with the transition guidance specifically for PBBD, this is not a change in accounting principle. Refer to Note 21C - Other Items - Other Disclosures for additional details.

  2. BUSINESS COMBINATIONS AND GOODWILL - NONE

  3. DISCONTINUED OPERATIONS - NONE

  4. INVESTMENTS

    A-C NONE

    1. Loan-Backed Securities

      1. Prepayment assumptions for loan-backed bonds and structured securities were obtained from broker-dealer survey values or internal estimates. These assumptions are consistent with the current interest rate and economic environment. The retrospective adjustment method is used to value all securities except issues in default; the prospective adjustment method was used to value issues in default and issues that have a variable interest rate.

      2. There were no loan-backed securities with a recognized other than temporary impairment as of December 31, 2025

      3. There were no loan-backed securities with a recognized other than temporary impairment recorded during the year.

      4. All impaired (fair value is less than cost or amortized cost) loan-backed securities for which an other-than-temporary impairment has not been recognized in earnings as a realized loss (including securities with a recognized other-than temporary impairment for non-interest related declines when a non-recognized interest related impairment remains) as of December 31, 2025

        1. The aggregate amount of unrealized losses: 1. Less than 12 Months $ -

          1. 12 Months or Longer $ 69,937

            The aggregate related fair value of

        2. securities with unrealized losses: 1. Less than 12 Months $ -

          1. 12 Months or Longer $ 1,293,979

            The aggregate unrealized losses include $0 of valuation allowance already recognized through surplus

      5. The Company's management, with the assistance of its investment advisors, monitors the investment performance of its portfolio. This review process culminates with a quarterly review of certain assets by Equitable Holding's Investments Under Surveillance Committee that evaluates whether any investments are other than temporarily impaired. The review considers an analysis of individual credit metrics of each issuer as well as industry fundamentals and the outlook for the future. Based on the analysis, a determination is made as to the ability of the issuer to service its debt obligation on an ongoing basis. If this ability is deemed to be impaired, then the appropriate provisions are taken.

    2. Dollar Repurchase Agreements and /or Securities Lending Transactions - NONE

    3. Repurchase Agreements Transactions Accounting for as Secured Borrowing - NONE

    4. Reverse Repurchase Agreements Transactions Accounting for as Secured Borrowing - NONE

    5. Repurchase Agreements Transactions Accounted for as a sale - NONE

    6. Reverse Repurchase Agreements Transactions Accounted for as a sale - NONE

    7. Real Estate

      The Company has no investment in real estate.

      NOTES TO FINANCIAL STATEMENTS

    8. Low income housing tax credit ("LIHTC") - Not applicable

    9. Restricted Assets

      1. Restricted Assets (including Pledged):

        Gross (Admitted & Nonadmitted) Restricted

        Current Year

        Current Year

        Percentage

        1

        2

        3

        4

        5

        6

        7

        8

        9

        10

        11

        12

        13

        14

        Total General Account (G/A)

        G/A Supporting S/A Activity (a)

        Total Separate Account (S/A)

        Restricte d Assets

        S/A Assets Supportin g G/A Activity (b)

        Total (1 plus 3)

        Total From Prior Year

        Increase/ (Decrease) (5 minus 6)

        Total Nonadmitted Restricted

        Total Admitted Restricted (5 minus

        8)

        Gross (Admitted & Nonadmitted) Restricted to Total Assets (c)

        Admitted Restricted to Total Admitted Assets

        (d)

        Amount Reported in General Interrogat ories

        Difference from

        Note and GI

        GI

        Ref

        a. Subject to contractual obligation for which liability is not shown....

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        b. Collateral held under security lending agreements......

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        Sum of 25.04,

        25.05

        c. Subject to repurchase agreements......

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        26.21

        d. Subject to reverse repurchase agreements......

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        26.22

        e. Subject to dollar repurchase agreements......

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        26.23

        f. Subject to dollar reverse repurchase agreements......

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        26.24

        g. Placed under option contracts..........

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        26.25

        h. Letter stock or securities restricted as to sale -excluding FHLB capital stock ...............

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        26.26

        i. FHLB

        capital stock....

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        26.27

        j. On deposit with states .......

        $4,408,055

        $ -

        $ -

        $ -

        $4,408,055

        $ 4,400,682

        $ 7,373

        $ 4,408,055

        $ -

        1.284 %

        1.288 %

        $4,408,055

        $ -

        26.28

        k. On deposit with other regulatory bodies .............

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        26.29

        l. Pledged collateral to FHLB

        (including assets backing funding agreements) ....

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        26.31

        m. Pledged as collateral not captured in other categories........

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        26.3

        n. Other restricted assets...............

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        26.32

        o. Collateral Assets Received and on Balance Sheet ...............

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        N/A

        p. Assets held under Modco Reinsurance Agreements.....

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        N/A

        q. Assets held under Funds Withheld Reinsurance Agreements.....

        $ -

        $ -

        $ -

        $ -

        $ -

        0

        $ -

        $ -

        $ -

        0

        $ -

        N/A

        r. Total Restricted Assets (Sum of a through q)

        $ 4,408,055

        $ -

        $ 0

        $ 0

        $ 4,408,055

        $ 4,400,682

        $ 7,373

        $ 4,408,055

        $ 0

        1.284 %

        1.288 %

        4,408,055

        $ -

        1. Subset of Column 1 (b) Subset of column 3

      (c) Column 5 divided by Asset Page, Column 1, Line 28 (d) Column 9 divided by Asset Page, Column 3, Line 28

      1. Detail of Assets Pledged as Collateral Not Captured in Other Categories (Contracts that Share Similar Characteristics,

        Such as Reinsurance and Derivatives, are Reported in the Aggregate): - NONE

      2. Detail of Other Restricted Assets (Contracts that Share Similar Characteristics, Such as Reinsurance and Derivatives, are Reported in the Aggregate): - NONE

        NOTES TO FINANCIAL STATEMENTS

      3. Collateral Received and Reflected as Assets Within the Reporting Entity's Financial Statements - NONE

    10. Working Capital Finance Investments - NONE

    11. Offsetting and Netting of Assets and Liabilities - NONE

    12. 5GI Securities - NONE

    13. Short Sales - NONE

    14. Prepayment Penalty and Acceleration Fees

      General Account

      Separate Account

      (1) Number of CUSIPs

      2

      0

      (2) Aggregate Amount of Investment Income

      $31,935

      $-

    15. Reporting Entity's Share of Cash Pool by Asset Type - NONE

    16. Aggregate Collateral Loans by Qualifying Investment Collateral - NONE

  5. JOINT VENTURES, PARTNERSHIPS AND LIMITED LIABILITY COMPANIES - NONE

  6. INVESTMENT INCOME

    1. Due and accrued income was excluded from investment income on the following bases: Securities as recommended by Equitable Holding's Investments under Surveillance Committee.

    2. The total amount excluded was $0

    3. The gross, nonadmitted and admitted amounts for interest income due and accrued.

      Amount

      1. Gross amount for interest income due and accrued $ 3,848,254

      2. Nonadmitted amount for interest income due and accrued $ -

      3. Admitted amount for interest income due and accrued $ 3,848,254

    4. Aggregate deferred interest - NONE

    5. The cumulative amounts of paid-in-kind (PIK) interest included in the current principal balance - NONE

  7. DERIVATIVE INSTRUMENTS - NONE

  8. INCOME TAXES

    1. Deferred Tax Assets/(Liabilities)

      1. Components of Net Deferred Tax Asset/(Liability)

        2025

        2024

        Change

        1

        Ordinary

        2

        Capital

        3

        (Col 1+2)

        Total

        4

        Ordinary

        5

        Capital

        6

        (Col 4+5)

        Total

        7

        (Col 1-4)

        Ordinary

        (Col 2-5)

        Capital

        9

        (Col 7+8)

        Total

        a. Gross deferred tax

        assets

        $1,969,152

        $ -

        $1,969,152

        $9,049,734

        $ -

        $9,049,734

        $ (7,080,582)

        $ -

        $(7,080,582)

        b. Statutory valuation allowance adjustment

        -

        -

        0

        -

        -

        0

        -

        -

        0

        c. Adjusted gross

        deferred tax assets (1a-1b)

        1,969,152

        0

        1,969,152

        9,049,734

        0

        9,049,734

        (7,080,582)

        0

        (7,080,582)

        d. Deferred tax assets nonadmitted

        505,431

        -

        505,431

        5,503,835

        -

        5,503,835

        (4,998,404)

        -

        (4,998,404)

        e. Subtotal net admitted

        deferred tax asset (1c-1d)

        1,463,721

        -

        1,463,721

        3,545,899

        -

        3,545,899

        (2,082,178)

        -

        (2,082,178)

        f. Deferred tax liabilities

        129,009

        306,146

        435,155

        152,921

        527,310

        680,231

        (23,912)

        (221,164)

        (245,076)

        g. Net admitted

        deferred tax assets/(net deferred tax liability) (1e-1f)

        $1,334,712

        $(306,146)

        $1,028,566

        $3,392,978

        $(527,310)

        $2,865,668

        $ (2,058,266)

        $221,164

        $(1,837,102)

      2. Admission Calculation Components

        2025

        2024

        Change

        1

        Ordinary

        2

        Capital

        3

        (Col 1+2)

        Total

        4

        Ordinary

        5

        Capital

        6

        (Col 4+5)

        Total

        7

        (Col 1-4)

        Ordinary

        (Col 2-5)

        Capital

        9

        (Col 7+8)

        Total

        a. Federal income taxes paid in prior years recoverable through loss carrybacks

        -

        $ 0

        $ 0

        $ -

        $ 0

        b. Adjusted gross deferred tax assets expected to be realized (excluding the amount of deferred tax assets from 2(a) above) after application of the threshold limitation. (The lesser of 2(b)1 and 2(b)2 below:

        $1,028,566

        1,028,566

        $2,865,668

        -

        2,865,668

        (1,837,102)

        $ -

        (1,837,102)

        Adjusted gross deferred tax assets expected to be realized following the balance sheet date

        1,028,566

        1,028,566

        2,865,668

        -

        2,865,668

        (1,837,102)

        $ -

        (1,837,102)

        Adjusted gross deferred tax assets allowed per limitation threshold

        XXX

        XXX

        28,563,367

        XXX

        XXX

        22,721,553

        XXX

        XXX

        5,841,814

        c. Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from 2(a) and 2(b) above) offset by gross deferred tax liabilities

        435,155

        -

        435,155

        680,231

        -

        680,231

        (245,076)

        -

        (245,076)

        d. Deferred tax assets

        admitted as the result of application of SSAP 101. Total (2(a)+2(b)+2(c)

        $1,463,721

        $ 0

        $1,463,721

        $3,545,899

        $ 0

        $3,545,899

        $(2,082,178)

        $ 0

        $(2,082,178

      3. Other Admissibility Criteria:

        2025

        2024

        a.Ratio percentage used to determine recovery period and threshold

        limitation amount

        9,844.274%

        5,728.089%

        b. Amount of adjusted capital and surplus used to determine recovery period and threshold limitation in 2(b)2 above

        $192,380,053

        $153,323,318

      4. Impact of Tax Planning Strategies:

        1. Determination of adjusted gross deferred tax assets and net admitted deferred tax assets, by tax character as a percentage

          2025

          2024

          Change

          1

          Ordinary

          2

          Capital

          1

          Ordinary

          2

          Capital

          5

          (Col. 1-3)

          Ordinary

          6

          (Col. 2-4)

          Capital

          1. Adjusted gross DTAs amount from Note

          9A1(c)

          $1,969,152

          $9,049,734

          $(7,080,582)

          $ -

          2. Percentage of adjusted gross DTAs by tax

          character attributable to the impact of tax planning strategies

          0.000

          0.000

          0.000

          0.000

          0.000

          0.000

          3. Net Admitted Adjusted Gross DTAs

          amount from Note 9A1(e)

          $1,463,721

          $3,545,899

          $(2,082,178)

          $ -

          4 Percentage of net admitted adjusted gross

          DTAs by tax character admitted because of the impact of tax planning strategies

          0.000

          0.000

          0.000

          0.000

          -

          -

        2. Does the company's tax planning strategies include the use of reinsurance? No

    2. Deferred Tax Liabilities Not Recognized - NONE

    3. Current and Deferred Income Taxes

      1. Current Income Tax:

        1

        2

        3

        (Col 1-2)

        2025

        2024

        Change

        a. Federal

        $ 2,311,624

        $ 0

        $ 2,311,624

        b. Foreign

        c. Subtotal (1a+1b)

        $ 2,311,624

        $ 0

        $ 2,311,624

        d. Federal income tax on net capital gains

        e. Utilization of capital loss carry-forwards

        f. Other

        g. Federal and Foreign income taxes incurred (1c+1d+1e+1f)

        $ 2,311,624

        $ 0

        $ 2,311,624

      2. Deferred Tax Assets:

        1

        2025

        2

        2024

        3

        (Col 1-2)

        Change

        a. Ordinary:

        1. Discounting of unpaid losses

        2. Unearned premium reserve

        3. Policyholder reserves

        $ 6,549

        $ 25,023

        $ (18,474)

        4. Investments

        5. Deferred acquisition costs

        1,191,371

        1,039,000

        152,371

        6. Policyholder dividends accrual

        7. Fixed assets

        8. Compensation and benefits accrual

        9. Pension accrual

        10. Receivables - nonadmitted

        11. Net operating loss carry-forward

        671,627

        7,966,951

        (7,295,324)

        12. Tax credit carry-forward

        13. Other

        99,605

        18,760

        80,845

        99. Subtotal (sum of 2a1 through 2a13)

        $ 1,969,152

        $ 9,049,734

        $ (7,080,582)

        b. Statutory valuation allowance adjustment

        c. Nonadmitted

        505,431

        5,503,835

        (4,998,404)

        d. Admitted ordinary deferred tax assets (2a99-2b-2c)

        $ 1,463,721

        $ 3,545,899

        $ (2,082,178)

        e. Capital:

        1. Investments

        2. Net capital loss carry-forward

        3. Real estate

        4. Other

        99. Subtotal (2e1+2e2+2e3+2e4)

        f. Statutory valuation allowance adjustment

        g. Nonadmitted

        h. Admitted capital deferred tax assets (2e99-2f-2g)

        i. Admitted deferred tax assets (2d+2h)

        $ 1,463,721

        $ 3,545,899

        $ (2,082,178)

      3. Deferred Tax Liabilities:

        1

        2025

        2

        2024

        3

        (Col 1-2)

        Change

        a. Ordinary:

        1. Investments

        2. Fixed assets

        3. Deferred and uncollected premium

        $ 129,009

        $ 148,193

        $ (19,184)

        4. Policyholder reserves

        4,728

        (4,728)

        5. Other

        99. Subtotal (3a1+3a2+3a3+3a4+3a5)

        $ 129,009

        $ 152,921

        $ (23,912)

        b. Capital:

        1. Investments

        $ 306,146

        $ 527,310

        $ (221,164)

        2. Real estate

        3. Other

        99. Subtotal (3b1+3b2+3b3)

        $ 306,146

        $ 527,310

        $ (221,164)

        c. Deferred tax liabilities (3a99+3b99)

        $ 435,155

        $ 680,231

        $ (245,076)

        4. Net Deferred Tax Assets (2i - 3c)

        $1,028,566

        $2,865,668

        ($1,837,102)

        The change in net deferred income taxes is comprised of the following:

        December 31, 2025 December 31, 2024 Bal. Sheet Change

        Total deferred tax assets

        $ 1,969,152

        $ 9,049,734

        $ (7,080,582)

        Total tax liabilities

        (435,155)

        (680,231)

        245,076

        Net deferred tax assets/ (liabilities)

        Statutory valuation allowance adjustment

        1,533,997

        8,369,503

        -

        (6,835,506)

        -

        Net deferred tax assets/ (liabilities) after SVA

        Tax effect of unrealized gains (losses)

        $ 1,533,997

        $ 8,369,503

        $ (6,835,506)

        -

        Increase (decrease) in net deferred tax asset (liability)

        $ (6,835,506)

    4. Reconciliation of total statutory income taxes reported to tax at the statutory tax rate:

      The provision for federal and foreign income taxes incurred is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes including realized capital gains/losses.

      The significant items causing this difference are as follows:

      Description Amount

      Statutory Rate 21% Tax Effect

      Effective Tax Rate

      Income Before Taxes (Including all Capital Gains/(Losses)

      $ 10,911,648

      $ 2,291,445

      21.00 %

      Interest Maintenance Reserve amortization

      829,119

      174,115

      1.60 %

      Change in non admitted assets

      (9,143,715)

      (1,920,180)

      (17.60)%

      Items through surplus

      31,671,011

      6,650,912

      60.95 %

      Other -Prior Year True Ups

      (1,718,031)

      (360,786)

      (3.31)%

      Total statutory taxes

      $ 32,550,032

      $ 6,835,506

      62.64 %

      Federal and Foreign Income Taxes Incurred

      Change in net deferred income tax

      6,835,506

      62.64 %

      Incurred tax items in surplus

      Total statutory taxes

      $ -

      $ 6,835,506

      62.64 %

    5. Operating Loss and Tax Credit Carryforwards and Protective Tax Deposits

      At December 31, 2025, the Company has net operating loss carryforwards of $3,198,222 generated from 2020-2021. The following is income tax expense for 2023, 2024 and 2025 that is available for recoupment in the event of future net

      losses:

      2023

      $0

      2024

      $0

      2025

      $0

      The Company did not have any deposits admitted under Section 6603 of the Internal Revenue Code.

      NOTES TO FINANCIAL STATEMENTS

    6. The Company is included in a consolidated federal income tax return together with its ultimate domestic parent's Equitable Holdings, Inc. ("Holdings") and the following subsidiaries and affiliates:

      1 Equitable Financial Life Insurance Company

      11

      EQ AZ Life Re Company

      2 Equitable Financial Life Insurance Company of America

      12

      CS Life RE Company

      3 Equitable Distribution Holding Corporation

      13

      Alpha Units Holdings II, Inc.

      4 AllianceBernstein Corp.

      14

      Alpha Units Holdings, Inc.

      5 Equitable Structured Settlement Corp.

      15

      Penn Investment Advisors, Inc.

      6 Equitable Casualty Insurance Co.

      16

      Equitable Financial Bermuda RE, Ltd.

      7 JMR Realty Services, Inc.

      8 1740 Advisers, Inc.

      9 MONY Financial Services, Inc.

      10 Financial Marketing Agency, Inc.

      Federal income taxes are charged or credited to operations based upon amounts estimated to be payable or receivable as a result of taxable operations for the current year.

      In accordance with the tax sharing agreement between Holdings and the Company, tax expense is allocated based on separate company computations. Any loss not currently usable is carried forward and credited when usable by the Company on a separate basis..

    7. Consideration of the Inflation Reduction Act (Act) for Fourth quarter 2025 Financial Statements:

      1. The Inflation Reduction Act (Act) was enacted on August 16, 2022, and included a new corporate alternative minimum tax (CAMT). The Act and CAMT go into effect for tax years beginning after 2022.

      2. The Company is included in a consolidated federal income tax return together with its ultimate domestic parent, Equitable Holdings, Inc. ("EQH"). EQH has determined that it does not expect to be liable for CAMT in 2025.

      3. EQH has determined that it does not expect to be liable for CAMT in 2025.

    8. As of December 31, 2025, the Company had no provision for tax contingencies. It is not expected that this will change in the next twelve months. It is reasonably possible that the total amounts of unrecognized tax benefit will change within the next 12 months. The possible change in the amount of unrecognized tax benefit cannot be estimated at this time.

    9. Repatriation Transition Tax - NONE

    10. Alternative Minimum Tax (AMT) Credit - NONE

  9. INFORMATION CONCERNING PARENT, SUBSIDIARIES AND AFFILIATES

    A/B & C. All transactions by the Company and its affiliated insurers are disclosed on Schedule Y, Part 2.

    1. At December 31, 2025, the Company reported $155,969 as amounts due from affiliates and $18,281,129 payable due to affiliates, primarily related to reinsurance administration and expense allocations.

    2. The Company does not have any guarantees for the benefit of an affiliate or related party.

      In November 2019, Holdings provided a capital maintenance agreement to the Company to provide additional funding support that may be needed to maintain the minimum surplus of Company to be the greatest of: 1) $1.5 million Statutory Deposit; 2) 300% Risk Based Capital ("Authorized Control Level") or 3) 4% of total liabilities.

    3. The Company reimburses Equitable Financial Life Insurance Company ("EFLIC") for its use of their personnel, property and facilities in carrying out certain of its operations. Reimbursement for inter-company services is made on the basis of the cost of the services provided. Acquisition cost, such as commissions and other costs incurred in connection with acquiring new business are charged to operations as incurred.

      AllianceBernstein L.P provides investment advisory and management services to the Company on a fee basis. The Company pays distribution fees to Equitable Network, LLC, an affiliate, for distributing the Company's products.

    4. The organizational structure of the Company, its parent and all affiliates at December 31, 2025 is disclosed in Schedule Y Part 1.

      The Company is a wholly-owned subsidiary of Equitable Financial Services, LLC ("EFS"), a downstream holding company of Equitable Holdings, Inc., and, collectively with its consolidated subsidiaries, is referred to herein as "Holdings." The Company is an indirect, wholly-owned subsidiary of Holdings.

    5. The Company does not own shares of an upstream intermediate or ultimate parent, either directly or indirectly via a downstream subsidiary controlled or affiliated company.

    6. The Company does not have any investments in subsidiaries, controlled, and affiliated ("SCA") entities that exceed 10% of admitted assets.

    7. The Company did not have any impairment in SCA entities during the year.

    8. The Company has no investment in a foreign insurance subsidiary.

      NOTES TO FINANCIAL STATEMENTS

    9. The Company has no investment in a downstream holding company. M-O. The Company has no SCA investment.

  10. DEBT

    1. Debt and Capital Notes

      The Company has no debt or capital note obligations outstanding at December 31, 2025

    2. Federal Home Loan Bank

      The Company has no FHLB agreement.

  11. RETIREMENT PLANS, DEFERRED COMPENSATION, POST EMPLOYMENT BENEFITS AND COMPENSATED ABSENCES AND OTHER POSTRETIREMENT BENEFIT PLAN - NONE

  12. CAPITAL AND SURPLUS, SHAREHOLDERS' DIVIDEND RESTRICTIONS AND QUASI-REORGANIZATIONS

    1. The Company has 1,000,000 shares of common capital stock authorized and outstanding with a par value of $2.50 per share.

    2. The Company has no preferred stock outstanding.

    3. Shareholders' Dividends

      Under Colorado Insurance Law, a domestic life insurer may without prior approval of the Director, pay a dividend to its shareholders not exceeding an amount calculated based on a statutory formula. Based on this formula, the Company would be permitted to pay an ordinary shareholder dividend of $7.1 million during 2026. Payment of a dividend in excess of this amount would require the insurer to file notice of its intent to declare such dividends with the director who then has 30 days to disapprove the distribution.

    4. The Company did not pay any dividends in 2025.

    5. Within the limitations of item (c) above, there are no restrictions placed on the portion of the Company profits that may be paid as ordinary dividends to stockholders

    6. The Company has no special surplus funds.

    7. NONE

    8. No stock of the Company is being held for special purposes

    9. During 2023, in accordance with NAIC reporting guidelines, the Company established a new special surplus fund representing the net negative (disallowed IMR). As of December 31, 2025, the balance of this fund is $0.5 million (see Note 21J).

    10. The portion of unassigned funds (surplus) represented or reduced by cumulative unrealized gains and (losses) is $0.

    11. The Company has not issued any surplus debentures or similar obligations.

    12. The Company did not restate gross paid in and contributed surplus and unassigned funds (surplus) under a quasi-reorganization.

    13. The Company did not restate gross paid in and contributed surplus and unassigned funds (surplus) under a quasi-reorganization in the last 10 years.

  13. LIABILITIES, CONTINGENCIES AND ASSESSMENTS

    1. Contingent Commitments

      The Company does not have any contingent liabilities as of December 31, 2025.

    2. Assessments

The Company holds a $35,400 liability for the estimated portion of future assessments related to insolvent insurers. Slightly over half of the liability is attributable to Colorado Bankers Life. These assessments are expected to be paid over an extended period. The Company also holds a $30,252 asset for premium tax offsets that are expected to be realized with respect to these assessments and a $137,351 asset for premium tax offsets for assessments already paid. The Company has received no notification in 2025 of any other new insolvency material to the company. In 2025, the agreement for the resolution of the affected guaranty associations' remaining obligations in the Executive Life Insurance Company matter successfully closed.