GLA_VL

Report of Independent Registered Public Accounting Firm

To the Board of Directors of

Genworth Life and Annuity Insurance Company

and

Contract Owners of

Genworth Life & Annuity VL Separate Account 1:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in the Appendix that comprise Genworth Life & Annuity VL Separate Account 1 (the Subaccounts), as of December 31, 2025, the related statements of operations for the year or period listed in the Appendix, the statements of changes in net assets for each of the years or periods listed in the Appendix, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Subaccounts as of December 31, 2025, the results of their operations for the year or period listed in the Appendix, and the changes in their net assets for each of the years or periods listed in the Appendix, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the transfer agent of the underlying investments. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more Genworth Life and Annuity Insurance Company separate account investment companies since 1997.

Richmond, Virginia

April 23, 2026

F-1

Appendix

Statements of assets and liabilities as of December 31, 2025, the related statements of operations for the year then ended, and the statements of changes in net assets for each of the years in the two-year period then ended.

AB Variable Products Series Fund, Inc.

AB VPS International Value Portfolio — Class B

AB VPS Large Cap Growth Portfolio — Class B

AB VPS Relative Value Portfolio — Class B

AB VPS Small Cap Growth Portfolio — Class B

AB VPS Sustainable Global Thematic Portfolio — Class B

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

Invesco V.I. American Franchise Fund — Series I shares

Invesco V.I. American Franchise Fund — Series II shares

Invesco V.I. American Value Fund — Series II shares

Invesco V.I. Comstock Fund — Series II shares

Invesco V.I. Core Equity Fund — Series I shares

Invesco V.I. Core Plus Bond Fund — Series I shares

Invesco V.I. Discovery Large Cap Fund — Series I shares (1)

Invesco V.I. Discovery Large Cap Fund — Series II Shares (1)

Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares

Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares

Invesco V.I. EQV International Equity Fund — Series II shares

Invesco V.I. Global Fund — Series II shares

Invesco V.I. Global Strategic Income Fund — Series I shares

Invesco V.I. Main Street Fund^® — Series II shares

Invesco V.I. Main Street Small Cap Fund^® — Series II shares

Allspring Variable Trust

Allspring VT Discovery All Cap Growth Fund — Class 2

BNY Mellon

BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares

BlackRock Variable Series Funds, Inc.

BlackRock Advantage SMID Cap V.I. Fund — Class III Shares

BlackRock Basic Value V.I. Fund — Class III Shares

BlackRock Global Allocation V.I. Fund — Class III Shares

BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares

Columbia Funds Variable Series Trust II

CTIVP^® — Principal Large Cap Growth Fund — Class 1 (1)

Columbia Variable Portfolio — Overseas Core Fund — Class 2

Eaton Vance Variable Trust

VT Floating — Rate Income Fund

Federated Hermes Insurance Series

Federated Hermes High Income Bond Fund II — Primary Shares

Federated Hermes High Income Bond Fund II — Service Shares

Federated Hermes Kaufmann Fund II — Service Shares

Federated Hermes Managed Volatility Fund II — Primary Shares

Fidelity^® Variable Insurance Products Fund

VIP Asset Manager 50% Portfolio — Initial Class (1)

VIP Asset Manager 50% Portfolio — Service Class 2 (1)

VIP Balanced Portfolio — Service Class 2

VIP Contrafund^® Portfolio — Initial Class

VIP Contrafund^® Portfolio — Service Class 2

VIP Dynamic Capital Appreciation Portfolio — Service Class 2

VIP Equity-Income Portfolio^SM — Initial Class

VIP Equity-Income Portfolio^SM — Service Class 2

F-2

VIP Growth & Income Portfolio — Initial Class

VIP Growth & Income Portfolio — Service Class 2

VIP Growth Opportunities Portfolio — Initial Class

VIP Growth Portfolio — Initial Class

VIP Growth Portfolio — Service Class 2

VIP Mid Cap Portfolio — Service Class 2

VIP Overseas Portfolio — Initial Class

VIP Value Strategies Portfolio — Service Class 2

Franklin Templeton Variable Insurance Products Trust

Franklin Income VIP Fund — Class 2 Shares

Franklin Mutual Shares VIP Fund — Class 2 Shares

Templeton Foreign VIP Fund — Class 1 Shares

Templeton Global Bond VIP Fund — Class 1 Shares

Templeton Growth VIP Fund — Class 2 Shares

Goldman Sachs Variable Insurance Trust

Goldman Sachs Government Money Market Fund — Service Shares

Goldman Sachs Large Cap Value Fund — Institutional Shares

Goldman Sachs Mid Cap Value Fund — Institutional Shares

Janus Aspen Series

Janus Henderson Balanced Portfolio — Institutional Shares

Janus Henderson Balanced Portfolio — Service Shares

Janus Henderson Enterprise Portfolio — Institutional Shares

Janus Henderson Enterprise Portfolio — Service Shares

Janus Henderson Flexible Bond Portfolio — Institutional Shares

Janus Henderson Forty Portfolio — Institutional Shares

Janus Henderson Forty Portfolio — Service Shares

Janus Henderson Global Research Portfolio — Institutional Shares

Janus Henderson Global Research Portfolio — Service Shares

Janus Henderson Global Technology and Innovation Portfolio — Service Shares

Janus Henderson Overseas Portfolio — Institutional Shares

Janus Henderson Overseas Portfolio — Service Shares

Janus Henderson Research Portfolio — Institutional Shares

Janus Henderson Research Portfolio — Service Shares

Legg Mason Partners Variable Equity Trust

ClearBridge Variable Dividend Strategy Portfolio — Class I

ClearBridge Variable Dividend Strategy Portfolio — Class II

ClearBridge Variable Growth Portfolio — Class II (1)

ClearBridge Variable Large Cap Value Portfolio — Class I

Lincoln Variable Insurance Products Trust

LVIP American Century Inflation Protection Fund — Service Class (1)

MFS^® Variable Insurance Trust

MFS^® Investors Trust Series — Service Class Shares

MFS^® New Discovery Series — Service Class Shares

MFS^® Total Return Series — Service Class Shares

MFS^® Utilities Series — Service Class Shares

MFS^® Variable Insurance Trust II

MFS^® Massachusetts Investors Growth Stock Portfolio — Service Class Shares

PIMCO Variable Insurance Trust

All Asset Portfolio — Advisor Class Shares

High Yield Portfolio — Administrative Class Shares

International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares

Long-Term U.S. Government Portfolio — Administrative Class Shares

Low Duration Portfolio — Administrative Class Shares

Total Return Portfolio — Administrative Class Shares

F-3

Rydex Variable Trust

NASDAQ — 100^® Fund

State Street Variable Insurance Series Funds, Inc.

Income V.I.S. Fund — Class 1 Shares

Premier Growth Equity V.I.S. Fund — Class 1 Shares

Real Estate Securities V.I.S. Fund — Class 1 Shares

S&P 500^® Index V.I.S. Fund — Class 1 Shares

Small-Cap Equity V.I.S. Fund — Class 1 Shares

Total Return V.I.S. Fund — Class 1 Shares

Total Return V.I.S. Fund — Class 3 Shares

U.S. Equity V.I.S. Fund — Class 1 Shares

The Alger Portfolios

Alger Large Cap Growth Portfolio — Class I-2 Shares

Alger Small Cap Growth Portfolio — Class I-2 Shares

The Prudential Series Fund

PSF PGIM Jennison Blend Portfolio — Class II Shares

PSF PGIM Jennison Growth Portfolio — Class II Shares

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the period from January 1, 2025 to April 11, 2025 (liquidation date) and the statements of changes in net assets for the period from January 1, 2025 to April 11, 2025 (liquidation date) and for the year ended December 31, 2024.

The Prudential Series Fund

PSF Natural Resources Portfolio — Class II Shares

Statements of assets and liabilities as of December 31, 2025, the related statements of operations for the year ended December 31, 2025, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from April 26, 2024 (inception) to December 31, 2024.

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

Invesco V.I. Equity and Income Fund — Series I shares

Invesco V.I. Equity and Income Fund — Series II shares

(1)	See Note 1 to the financial statements for the former name of the subaccount.

F-4

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities

December 31, 2025



	AB Variable Products Series Fund, Inc.

	AB VPS International Value Portfolio — Class B		AB VPS Large Cap Growth Portfolio — Class B		AB VPS Relative Value Portfolio — Class B		AB VPS Small Cap Growth Portfolio — Class B		AB VPS Sustainable Global Thematic Portfolio — Class B

Assets:
Investments at fair value (note 2b)		$1,033,604		$1,367,277		$5,657,996		$328,868		$319,665
Dividend receivable		—		—		—		—		—
Receivable for units sold		—		—		—		—		—
Total assets		1,033,604		1,367,277		5,657,996		328,868		319,665

Liabilities:
Accrued expenses payable to affiliate (note 4b)		10		18		41		5		4
Payable for units withdrawn		—		—		1		—		—
Total liabilities		10		18		42		5		4

Net assets		$1,033,594		$1,367,259		$5,657,954		$328,863		$319,661

Investments in securities at cost		$764,507		$1,025,947		$5,234,429		$420,416		$279,795
Shares outstanding		49,645		16,781		183,403		33,354		10,564



	AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)

	Invesco V.I. Discovery Large Cap Fund — Series II Shares		Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares		Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares		Invesco V.I. EQV International Equity Fund — Series II shares		Invesco V.I. Equity and Income Fund — Series I shares

Assets:
Investments at fair value (note 2b)		$843,024		$6,013,789		$257,987		$819,987		$1,565,802
Dividend receivable		—		—		—		—		—
Receivable for units sold		—		64		—		—		—
Total assets		843,024		6,013,853		257,987		819,987		1,565,802

Liabilities:
Accrued expenses payable to affiliate (note 4b)		7		149		2		5		44
Payable for units withdrawn		—		—		—		—		120
Total liabilities		7		149		2		5		164

Net assets		$843,017		$6,013,704		$257,985		$819,982		$1,565,638

Investments in securities at cost		$705,152		$5,640,400		$269,067		$762,644		$1,483,027
Shares outstanding		14,228		79,960		4,069		23,170		85,703

See accompanying notes to financial statements.

F-6

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025



AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

Invesco V.I. American Franchise Fund — Series I shares		Invesco V.I. American Franchise Fund — Series II shares		Invesco V.I. American Value Fund — Series II shares		Invesco V.I. Comstock Fund — Series II shares		Invesco V.I. Core Equity Fund — Series I shares		Invesco V.I. Core Plus Bond Fund — Series I shares		Invesco V.I. Discovery Large Cap Fund — Series I shares


	$1,656,659		$383,628		$804,826		$880,118		$1,508,111		$1,304,531		$6,973,878
	—		—		—		—		—		—		—
	—		—		—		—		—		—		100
	1,656,659		383,628		804,826		880,118		1,508,111		1,304,531		6,973,978


	25		3		5		6		15		31		166
	—		—		—		—		—		2		—
	25		3		5		6		15		33		166

	$1,656,634		$383,625		$804,821		$880,112		$1,508,096		$1,304,498		$6,973,812

	$1,177,919		$281,964		$738,879		$718,236		$1,260,895		$1,300,116		$5,473,903
	20,453		5,332		45,317		41,340		41,857		222,997		110,259



AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)										Allspring Variable Trust		BNY Mellon

Invesco V.I. Equity and Income Fund — Series II shares		Invesco V.I. Global Fund — Series II shares		Invesco V.I. Global Strategic Income Fund — Series I shares		Invesco V.I. Main Street Fund^® — Series II shares		Invesco V.I. Main Street Small Cap Fund^® — Series II shares		Allspring VT Discovery All Cap Growth Fund — Class 2		BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares


	$279,748		$3,868,116		$811,856		$2,304,716		$1,143,706		$310,632		$145,501
	—		—		—		—		—		—		—
	—		—		—		—		—		—		—
	279,748		3,868,116		811,856		2,304,716		1,143,706		310,632		145,501


	—		47		17		23		7		1		3
	1		—		—		—		—		1		6
	1		47		17		23		7		2		9

	$279,747		$3,868,069		$811,839		$2,304,693		$1,143,699		$310,630		$145,492

	$265,693		$4,021,686		$825,544		$2,304,118		$1,047,700		$358,045		$102,064
	15,439		106,560		177,649		107,446		41,274		14,891		2,487

See accompanying notes to financial statements.

F-7

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025



	BlackRock Variable Series Funds, Inc.								Columbia Funds Variable Series Trust II

	BlackRock Advantage SMID Cap V.I. Fund — Class III Shares		BlackRock Basic Value V.I. Fund — Class III Shares		BlackRock Global Allocation V.I. Fund — Class III Shares		BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares		CTIVP^® — Principal Large Cap Growth Fund — Class 1

Assets:
Investments at fair value (note 2b)		$193,609		$289,324		$1,491,420		$985,929		$1,385,723
Dividend receivable		—		—		—		—		—
Receivable for units sold		—		—		—		—		—
Total assets		193,609		289,324		1,491,420		985,929		1,385,723

Liabilities:
Accrued expenses payable to affiliate (note 4b)		1		2		7		3		8
Payable for units withdrawn		1		—		—		—		—
Total liabilities		2		2		7		3		8

Net assets		$193,607		$289,322		$1,491,413		$985,926		$1,385,715

Investments in securities at cost		$254,832		$293,864		$1,575,638		$817,350		$406,302
Shares outstanding		18,742		21,149		111,801		47,196		16,999



	Fidelity^® Variable Insurance Products Fund (continued)

	VIP Asset Manager 50% Portfolio — Service Class 2		VIP Balanced Portfolio — Service Class 2		VIP Contrafund^® Portfolio — Initial Class		VIP Contrafund^® Portfolio — Service Class 2		VIP Dynamic Capital Appreciation Portfolio — Service Class 2

Assets:
Investments at fair value (note 2b)		$148,257		$865,939		$24,852,751		$8,677,976		$397,343
Dividend receivable		—		—		—		—		—
Receivable for units sold		—		—		14		—		—
Total assets		148,257		865,939		24,852,765		8,677,976		397,343

Liabilities:
Accrued expenses payable to affiliate (note 4b)		2		5		676		95		7
Payable for units withdrawn		—		—		—		56		56
Total liabilities		2		5		676		151		63

Net assets		$148,255		$865,934		$24,852,089		$8,677,825		$397,280

Investments in securities at cost		$131,168		$651,799		$18,087,473		$7,673,617		$380,943
Shares outstanding		8,736		34,025		414,973		152,620		21,513

See accompanying notes to financial statements.

F-8

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025



Columbia Funds Variable Series Trust II (continued)		Eaton Vance Variable Trust		Federated Hermes Insurance Series								Fidelity^® Variable Insurance Products Fund

Columbia Variable Portfolio — Overseas Core Fund — Class 2		VT Floating-Rate Income Fund		Federated Hermes High Income Bond Fund II — Primary Shares		Federated Hermes High Income Bond Fund II — Service Shares		Federated Hermes Kaufmann Fund II — Service Shares		Federated Hermes Managed Volatility Fund II — Primary Shares		VIP Asset Manager 50% Portfolio — Initial Class


	$633,614		$505,039		$424,886		$874,794		$936,622		$534,491		$4,515,860
	—		2,671		—		—		—		—		—
	—		—		—		—		—		—		—
	633,614		507,710		424,886		874,794		936,622		534,491		4,515,860


	5		4		11		6		6		12		116
	—		—		—		—		—		—		112
	5		4		11		6		6		12		228

	$633,609		$507,706		$424,875		$874,788		$936,616		$534,479		$4,515,632

	$487,361		$519,188		$429,088		$911,979		$907,631		$495,682		$3,959,676
	35,797		60,339		73,510		152,138		54,015		51,393		256,292



Fidelity^® Variable Insurance Products Fund (continued)

VIP Equity- Income Portfolio^SM — Initial Class		VIP Equity- Income Portfolio^SM — Service Class 2		VIP Growth & Income Portfolio — Initial Class		VIP Growth & Income Portfolio — Service Class 2		VIP Growth Opportunities Portfolio — Initial Class		VIP Growth Portfolio — Initial Class		VIP Growth Portfolio — Service Class 2


	$9,959,742		$2,673,746		$2,643,538		$1,714,451		$1,805,334		$23,644,774		$4,466,665
	—		—		—		—		—		—		—
	—		—		—		—		—		189		—
	9,959,742		2,673,746		2,643,538		1,714,451		1,805,334		23,644,963		4,466,665


	247		25		58		13		40		612		63
	25,829		—		—		—		—		—		—
	26,076		25		58		13		40		612		63

	$9,933,666		$2,673,721		$2,643,480		$1,714,438		$1,805,294		$23,644,351		$4,466,602

	$8,157,234		$2,217,073		$2,108,677		$1,158,995		$1,398,163		$19,924,287		$3,750,770
	338,421		95,050		79,267		53,593		18,109		241,965		48,091

See accompanying notes to financial statements.

F-9

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025



	Fidelity^® Variable Insurance Products Fund (continued)						Franklin Templeton Variable Insurance Products Trust

	VIP Mid Cap Portfolio — Service Class 2		VIP Overseas Portfolio — Initial Class		VIP Value Strategies Portfolio — Service Class 2		Franklin Income VIP Fund — Class 2 Shares		Franklin Mutual Shares VIP Fund — Class 2 Shares

Assets:
Investments at fair value (note 2b)		$5,228,431		$3,361,234		$608,604		$915,037		$376,888
Dividend receivable		—		—		—		—		—
Receivable for units sold		—		—		—		—		—
Total assets		5,228,431		3,361,234		608,604		915,037		376,888

Liabilities:
Accrued expenses payable to affiliate (note 4b)		87		81		2		2		2
Payable for units withdrawn		—		—		—		—		—
Total liabilities		87		81		2		2		2

Net assets		$5,228,344		$3,361,153		$608,602		$915,035		$376,886

Investments in securities at cost		$5,120,947		$3,022,733		$560,096		$872,939		$380,399
Shares outstanding		148,662		122,138		37,638		60,359		23,409



	Janus Aspen Series (continued)

	Janus Henderson Balanced Portfolio — Service Shares		Janus Henderson Enterprise Portfolio — Institutional Shares		Janus Henderson Enterprise Portfolio — Service Shares		Janus Henderson Flexible Bond Portfolio — Institutional Shares		Janus Henderson Forty Portfolio — Institutional Shares

Assets:
Investments at fair value (note 2b)		$3,352,185		$10,375,045		$1,347,286		$1,604,202		$8,203,970
Dividend receivable		—		—		—		—		—
Receivable for units sold		—		34		—		—		11
Total assets		3,352,185		10,375,079		1,347,286		1,604,202		8,203,981

Liabilities:
Accrued expenses payable to affiliate (note 4b)		47		233		16		41		201
Payable for units withdrawn		4		—		—		—		—
Total liabilities		51		233		16		41		201

Net assets		$3,352,134		$10,374,846		$1,347,270		$1,604,161		$8,203,780

Investments in securities at cost		$2,575,369		$ 8,458,477		$1,109,434		$1,724,038		$6,407,520
Shares outstanding		56,358		124,133		18,368		161,551		138,067

See accompanying notes to financial statements.

F-10

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025



Franklin Templeton Variable Insurance Products Trust (continued)						Goldman Sachs Variable Insurance Trust						Janus Aspen Series

Templeton Foreign VIP Fund — Class 1 Shares		Templeton Global Bond VIP Fund — Class 1 Shares		Templeton Growth VIP Fund — Class 2 Shares		Goldman Sachs Government Money Market Fund — Service Shares		Goldman Sachs Large Cap Value Fund — Institutional Shares		Goldman Sachs Mid Cap Value Fund — Institutional Shares		Janus Henderson Balanced Portfolio — Institutional Shares


	$540,778		$848,799		$142,140		$9,956,798		$1,158,474		$4,325,290		$7,315,425
	—		—		—		29,472		—		—		—
	—		—		—		787		—		98		110
	540,778		848,799		142,140		9,987,057		1,158,474		4,325,388		7,315,535


	13		26		—		223		28		104		189
	—		—		—		—		—		—		—
	13		26		—		223		28		104		189

	$540,765		$848,773		$142,140		$9,986,834		$1,158,446		$4,325,284		$7,315,346

	$477,903		$924,158		$122,475		$9,956,798		$1,283,066		$4,381,826		$5,231,180
	32,518		60,629		10,045		9,956,798		141,623		265,518		130,960



Janus Aspen Series (continued)

Janus Henderson Forty Portfolio — Service Shares		Janus Henderson Global Research Portfolio — Institutional Shares		Janus Henderson Global Research Portfolio — Service Shares		Janus Henderson Global Technology and Innovation Portfolio — Service Shares		Janus Henderson Overseas Portfolio — Institutional Shares		Janus Henderson Overseas Portfolio — Service Shares		Janus Henderson Research Portfolio — Institutional Shares


	$2,298,573		$7,612,555		$856,563		$2,280,543		$3,647,638		$197,162		$10,443,560
	—		—		—		—		—		—		—
	—		35		—		—		17		—		131
	2,298,573		7,612,590		856,563		2,280,543		3,647,655		197,162		10,443,691


	28		171		11		38		92		2		256
	57		—		61		—		—		—		—
	85		171		72		38		92		2		256

	$2,298,488		$7,612,419		$856,491		$2,280,505		$3,647,563		$197,160		$10,443,435

	$1,801,826		$4,797,647		$533,858		$1,414,513		$2,746,741		$142,889		$6,065,582
	44,314		95,551		11,209		95,261		65,346		3,719		160,918

See accompanying notes to financial statements.

F-11

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025



	Janus Aspen Series (continued)		Legg Mason Partners Variable Equity Trust

	Janus Henderson Research Portfolio — Service Shares		ClearBridge Variable Dividend Strategy Portfolio — Class I		ClearBridge Variable Dividend Strategy Portfolio — Class II		ClearBridge Variable Growth Portfolio — Class II		ClearBridge Variable Large Cap Value Portfolio — Class I

Assets:
Investments at fair value (note 2b)		$567,356		$923,869		$29,207		$373,400		$863,511
Dividend receivable		—		—		—		—		—
Receivable for units sold		—		—		—		—		—
Total assets		567,356		923,869		29,207		373,400		863,511

Liabilities:
Accrued expenses payable to affiliate (note 4b)		9		25		1		1		17
Payable for units withdrawn		—		—		1		—		—
Total liabilities		9		25		2		1		17

Net assets		$567,347		$923,844		$29,205		$373,399		$863,494

Investments in securities at cost		$325,937		$968,173		$27,174		$553,343		$924,248
Shares outstanding		9,264		45,623		1,430		28,202		45,021



	PIMCO Variable Insurance Trust (continued)

	High Yield Portfolio — Administrative Class Shares		International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares		Long-Term U.S. Government Portfolio — Administrative Class Shares		Low Duration Portfolio — Administrative Class Shares		Total Return Portfolio — Administrative Class Shares

Assets:
Investments at fair value (note 2b)		$1,133,216		$117,293		$1,350,382		$618,362		$4,203,661
Dividend receivable		5,907		340		3,974		2,081		14,963
Receivable for units sold		—		—		—		—		—
Total assets		1,139,123		117,633		1,354,356		620,443		4,218,624

Liabilities:
Accrued expenses payable to affiliate (note 4b)		10		1		13		7		55
Payable for units withdrawn		—		—		—		—		—
Total liabilities		10		1		13		7		55

Net assets		$1,139,113		$117,632		$1,354,343		$620,436		$4,218,569

Investments in securities at cost		$1,140,041		$121,136		$1,666,143		$636,035		$4,421,605
Shares outstanding		152,931		11,683		180,532		63,227		444,832

See accompanying notes to financial statements.

F-12

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025



Lincoln Variable Insurance Products Trust		MFS^® Variable Insurance Trust								MFS^® Variable Insurance Trust II		PIMCO Variable Insurance Trust

LVIP American Century Inflation Protection Fund — Service Class		MFS^® Investors Trust Series — Service Class Shares		MFS^® New Discovery Series — Service Class Shares		MFS^® Total Return Series — Service Class Shares		MFS^® Utilities Series — Service Class Shares		MFS^® Massachusetts Investors Growth Stock Portfolio — Service Class Shares		All Asset Portfolio — Advisor Class Shares


	$172,496		$560,158		$897,420		$867,106		$1,765,148		$1,279,199		$333,558
	—		—		—		—		—		—		—
	—		—		—		—		—		—		—
	172,496		560,158		897,420		867,106		1,765,148		1,279,199		333,558


	1		1		10		2		22		11		1
	1		—		—		—		4		6		—
	2		1		10		2		26		17		1

	$172,494		$560,157		$897,410		$867,104		$1,765,122		$1,279,182		$333,557

	$178,364		$613,459		$960,302		$871,755		$1,643,806		$1,166,944		$334,107
	19,090		21,907		74,167		38,300		47,940		58,491		34,176



Rydex Variable Trust		State Street Variable Insurance Series Funds, Inc.

NASDAQ — 100^® Fund		Income V.I.S. Fund — Class 1 Shares		Premier Growth Equity V.I.S. Fund — Class 1 Shares		Real Estate Securities V.I.S. Fund — Class 1 Shares		S&P 500^® Index V.I.S. Fund — Class 1 Shares		Small-Cap Equity V.I.S. Fund — Class 1 Shares		Total Return V.I.S. Fund — Class 1 Shares


	$897,491		$962,852		$4,808,155		$3,149,995		$39,390,691		$3,013,152		$3,536,170
	—		—		—		—		—		—		—
	—		—		—		—		501		—		—
	897,491		962,852		4,808,155		3,149,995		39,391,192		3,013,152		3,536,170


	6		22		74		63		752		40		49
	6		—		—		12		—		1		120
	12		22		74		75		752		41		169

	$897,479		$962,830		$4,808,081		$3,149,920		$39,390,440		$3,013,111		$3,536,001

	$530,030		$1,057,922		$4,598,316		$3,399,156		$30,774,065		$3,510,552		$3,363,964
	9,278		98,653		41,846		299,429		664,934		271,700		208,501

See accompanying notes to financial statements.

F-13

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025



	State Street Variable Insurance Series Funds, Inc. (continued)					The Alger Portfolios				The Prudential Series Fund

	Total Return V.I.S. Fund — Class 3 Shares			U.S. Equity V.I.S. Fund — Class 1 Shares		Alger Large Cap Growth Portfolio — Class I-2 Shares		Alger Small Cap Growth Portfolio — Class I-2 Shares		PSF Natural Resources Portfolio — Class II Shares

Assets:
Investments at fair value (note 2b)		$492,386			$2,615,201		$6,309,932		$2,360,247		$—
Dividend receivable		—			—		—		—		—
Receivable for units sold		—			100		30		—		—
Total assets		492,386			2,615,301		6,309,962		2,360,247		—

Liabilities:
Accrued expenses payable to affiliate (note 4b)		(1	)		48		144		56		—
Payable for units withdrawn		1			—		—		10		—
Total liabilities		—			48		144		66		—

Net assets		$492,386			$2,615,253		$6,309,818		$2,360,181		$—

Investments in securities at cost		$478,526			$2,785,031		$4,412,452		$2,971,656		$—
Shares outstanding		29,032			56,229		61,161		126,623		—

See accompanying notes to financial statements.

F-14

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025



The Prudential Series Fund (continued)

PSF PGIM Jennison Blend Portfolio — Class II Shares		PSF PGIM Jennison Growth Portfolio — Class II Shares


	$1,031,239		$551,020
	—		—
	—		—
	1,031,239		551,020


	13		2
	—		—
	13		2

	$1,031,226		$551,018

	$893,088		$194,421
	7,374		2,790

See accompanying notes to financial statements.

F-15

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations



	AB Variable Products Series Fund, Inc.

	AB VPS International Value Portfolio — Class B		AB VPS Large Cap Growth Portfolio — Class B			AB VPS Relative Value Portfolio — Class B			AB VPS Small Cap Growth Portfolio — Class B			AB VPS Sustainable Global Thematic Portfolio — Class B

	Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025

Investment income and expense:
Income — Ordinary dividends		$21,315		$—			$48,307			$—			$—
Mortality and expense risk and administrative charges (note 4)		3,078		6,283			14,361			1,577			1,411
Net investment income (expense)		18,237		(6,283	)		33,946			(1,577	)		(1,411	)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss)		48,295		25,823			66,624			(3,305	)		3,773
Change in unrealized appreciation (depreciation)		236,057		5,547			(36,934	)		17,188			(27,659	)
Capital gain distributions		—		127,341			451,093			—			43,890
Net realized and unrealized gain (loss) on investments		284,352		158,711			480,783			13,883			20,004

Increase (decrease) in net assets from operations		$302,589		$152,428			$514,729			$12,306			$18,593



	AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)

	Invesco V.I. Discovery Large Cap Fund — Series II Shares			Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares			Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares			Invesco V.I. EQV International Equity Fund — Series II shares		Invesco V.I. Equity and Income Fund — Series I shares

	Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025

Investment income and expense:
Income — Ordinary dividends		$—			$—			$—			$9,302		$31,662
Mortality and expense risk and administrative charges (note 4)		2,381			52,701			611			1,662		15,062
Net investment income (expense)		(2,381	)		(52,701	)		(611	)		7,640		16,600

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss)		8,716			45,594			(91	)		10,312		5,272
Change in unrealized appreciation (depreciation)		(22,345	)		(276,463	)		(13,710	)		44,910		64,164
Capital gain distributions		101,998			500,555			24,986			50,758		80,430
Net realized and unrealized gain (loss) on investments		88,369			269,686			11,185			105,980		149,866

Increase (decrease) in net assets from operations		$85,988			$216,985			$10,574			$113,620		$166,466

See accompanying notes to financial statements.

F-16

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations — Continued



AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

Invesco V.I. American Franchise Fund — Series I shares			Invesco V.I. American Franchise Fund — Series II shares			Invesco V.I. American Value Fund — Series II shares			Invesco V.I. Comstock Fund — Series II shares		Invesco V.I. Core Equity Fund — Series I shares		Invesco V.I. Core Plus Bond Fund — Series I shares			Invesco V.I. Discovery Large Cap Fund — Series I shares

Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025


	$—			$—			$1,585			$11,943		$9,239		$49,199			$—
	8,733			847			1,724			1,889		5,031		9,899			56,832
	(8,733	)		(847	)		(139	)		10,054		4,208		39,300			(56,832	)


	40,048			3,125			3,896			22,176		29,022		(5,855	)		154,095
	(11,549	)		(2,268	)		19,664			7,846		71,816		34,162			(158,120	)
	149,299			38,539			113,867			88,507		106,356		—			804,003
	177,798			39,396			137,427			118,529		207,194		28,307			799,978

	$169,065			$38,549			$137,288			$128,583		$211,402		$67,607			$743,146



AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)														Allspring Variable Trust			BNY Mellon

Invesco V.I. Equity and Income Fund — Series II shares		Invesco V.I. Global Fund — Series II shares			Invesco V.I. Global Strategic Income Fund — Series I shares			Invesco V.I. Main Street Fund^® — Series II shares			Invesco V.I. Main Street Small Cap Fund^® — Series II shares			Allspring VT Discovery All Cap Growth Fund — Class 2			BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares

Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025


	$4,981		$—			$45,188			$6,989			$2,550			$—			$489
	166		15,753			6,668			7,967			2,488			200			863
	4,815		(15,753	)		38,520			(978	)		62			(200	)		(374	)


	439		26,808			(3,664	)		(11,847	)		17,581			(287	)		30,203
	11,095		(215,728	)		57,720			177,911			(44,237	)		(60,796	)		(19,883	)
	14,292		705,109			—			140,242			113,398			102,478			15,624
	25,826		516,189			54,056			306,306			86,742			41,395			25,944

	$30,641		$500,436			$92,576			$305,328			$86,804			$41,195			$25,570

See accompanying notes to financial statements.

F-17

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations — Continued



	BlackRock Variable Series Funds, Inc.												Columbia Funds Variable Series Trust II

	BlackRock Advantage SMID Cap V.I. Fund — Class III Shares			BlackRock Basic Value V.I. Fund — Class III Shares			BlackRock Global Allocation V.I. Fund — Class III Shares			BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares			CTIVP^® — Principal Large Cap Growth Fund — Class 1

	Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025

Investment income and expense:
Income — Ordinary dividends		$2,841			$4,977			$58,775			$—			$—
Mortality and expense risk and administrative charges (note 4)		295			574			2,304			1,095			2,893
Net investment income (expense)		2,546			4,403			56,471			(1,095	)		(2,893	)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss)		(1,908	)		(68	)		(1,105	)		4,524			88,731
Change in unrealized appreciation (depreciation)		(7,152	)		17,424			826			(63,058	)		83,467
Capital gain distributions		25,701			34,294			139,626			160,650			—
Net realized and unrealized gain (loss) on investments		16,641			51,650			139,347			102,116			172,198

Increase (decrease) in net assets from operations		$19,187			$56,053			$195,818			$101,021			$169,305



	Fidelity^® Variable Insurance Products Fund (continued)

	VIP Asset Manager 50% Portfolio — Service Class 2		VIP Balanced Portfolio — Service Class 2		VIP Contrafund^® Portfolio — Initial Class			VIP Contrafund^® Portfolio — Service Class 2			VIP Dynamic Capital Appreciation Portfolio — Service Class 2

	Year ended December 31, 2025		Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025

Investment income and expense:
Income — Ordinary dividends		$3,422		$12,895		$32,433			$—			$1,514
Mortality and expense risk and administrative charges (note 4)		724		1,680		230,259			31,429			2,353
Net investment income (expense)		2,698		11,215		(197,826	)		(31,429	)		(839	)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss)		536		12,465		1,029,904			542,528			(14,655	)
Change in unrealized appreciation (depreciation)		8,673		48,300		(194,348	)		(335,963	)		4,238
Capital gain distributions		6,211		40,713		3,720,718			1,366,662			69,325
Net realized and unrealized gain (loss) on investments		15,420		101,478		4,556,274			1,573,227			58,908

Increase (decrease) in net assets from operations		$18,118		$112,693		$4,358,448			$1,541,798			$58,069

See accompanying notes to financial statements.

F-18

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations — Continued



Columbia Funds Variable Series Trust II (continued)		Eaton Vance Variable Trust			Federated Hermes Insurance Series											Fidelity^® Variable Insurance Products Fund

Columbia Variable Portfolio — Overseas Core Fund — Class 2		VT Floating-Rate Income Fund			Federated Hermes High Income Bond Fund II — Primary Shares			Federated Hermes High Income Bond Fund II — Service Shares			Federated Hermes Kaufmann Fund II — Service Shares			Federated Hermes Managed Volatility Fund II — Primary Shares		VIP Asset Manager 50% Portfolio — Initial Class

Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025


	$9,777		$34,354			$26,254			$49,374			$—			$15,182		$108,798
	1,560		1,408			4,120			2,078			1,979			4,244		40,771
	8,217		32,946			22,134			47,296			(1,979	)		10,938		68,027


	25,212		(5,692	)		(2,199	)		(7,500	)		3,568			2,625		55,608
	144,745		(8,720	)		10,273			26,173			(5,532	)		8,574		246,037
	—		—			—			—			105,681			9,262		196,889
	169,957		(14,412	)		8,074			18,673			103,717			20,461		498,534

	$178,174		$18,534			$30,208			$65,969			$101,738			$31,399		$566,561



Fidelity^® Variable Insurance Products Fund (continued)

VIP Equity-Income Portfolio^SM — Initial Class		VIP Equity-Income Portfolio^SM — Service Class 2		VIP Growth & Income Portfolio — Initial Class		VIP Growth & Income Portfolio — Service Class 2		VIP Growth Opportunities Portfolio — Initial Class			VIP Growth Portfolio — Initial Class			VIP Growth Portfolio — Service Class 2

Year ended December 31, 2025		Year ended December 31, 2025		Year ended December 31, 2025		Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025


	$169,275		$41,570		$38,011		$21,763		$—			$65,138			$2,128
	85,222		8,481		19,114		4,677		14,753			210,090			21,418
	84,053		33,089		18,897		17,086		(14,753	)		(144,952	)		(19,290	)


	236,670		38,509		120,877		111,273		274,773			519,374			225,147
	723,421		203,266		87,698		35,492		45,636			(319,313	)		(192,895	)
	523,417		146,806		229,520		157,983		29,291			2,892,121			579,364
	1,483,508		388,581		438,095		304,748		349,700			3,092,182			611,616

	$1,567,561		$421,670		$456,992		$321,834		$334,947			$2,947,230			$592,326

See accompanying notes to financial statements.

F-19

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations — Continued



	Fidelity^® Variable Insurance Products Fund (continued)								Franklin Templeton Variable Insurance Products Trust

	VIP Mid Cap Portfolio — Service Class 2			VIP Overseas Portfolio — Initial Class		VIP Value Strategies Portfolio — Service Class 2			Franklin Income VIP Fund — Class 2 Shares		Franklin Mutual Shares VIP Fund — Class 2 Shares

	Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025

Investment income and expense:
Income — Ordinary dividends		$12,230			$52,104		$4,647			$43,546		$7,308
Mortality and expense risk and administrative charges (note 4)		29,152			27,763		561			623		666
Net investment income (expense)		(16,922	)		24,341		4,086			42,923		6,642

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss)		(84,207	)		112,435		(14,874	)		990		(5,268	)
Change in unrealized appreciation (depreciation)		8,374			123,762		29,385			49,868		813
Capital gain distributions		603,402			289,590		23,444			9,153		36,008
Net realized and unrealized gain (loss) on investments		527,569			525,787		37,955			60,011		31,553

Increase (decrease) in net assets from operations		$510,647			$550,128		$42,041			$102,934		$38,195



	Janus Aspen Series (continued)

	Janus Henderson Balanced Portfolio — Service Shares		Janus Henderson Enterprise Portfolio — Institutional Shares			Janus Henderson Enterprise Portfolio — Service Shares			Janus Henderson Flexible Bond Portfolio — Institutional Shares			Janus Henderson Forty Portfolio — Institutional Shares

	Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025

Investment income and expense:
Income — Ordinary dividends		$54,504		$31,712			$2,298			$82,284			$23,628
Mortality and expense risk and administrative charges (note 4)		16,309		81,194			5,751			14,478			69,201
Net investment income (expense)		38,195		(49,482	)		(3,453	)		67,806			(45,573	)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss)		216,264		183,295			8,603			(29,259	)		386,159
Change in unrealized appreciation (depreciation)		73,908		(209,394	)		(26,212	)		57,113			(28,927	)
Capital gain distributions		98,295		745,179			109,440			—			921,081
Net realized and unrealized gain (loss) on investments		388,467		719,080			91,831			27,854			1,278,313

Increase (decrease) in net assets from operations		$426,662		$669,598			$88,378			$95,660			$1,232,740

See accompanying notes to financial statements.

F-20

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations — Continued



Franklin Templeton Variable Insurance Products Trust (continued)							Goldman Sachs Variable Insurance Trust								Janus Aspen Series

Templeton Foreign VIP Fund — Class 1 Shares		Templeton Global Bond VIP Fund — Class 1 Shares			Templeton Growth VIP Fund — Class 2 Shares		Goldman Sachs Government Money Market Fund — Service Shares		Goldman Sachs Large Cap Value Fund — Institutional Shares			Goldman Sachs Mid Cap Value Fund — Institutional Shares			Janus Henderson Balanced Portfolio — Institutional Shares

Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025


	$12,469		$—			$1,133		$372,147		$12,357			$49,819			$140,705
	4,451		9,175			113		78,389		9,401			37,535			64,015
	8,018		(9,175	)		1,020		293,758		2,956			12,284			76,690


	13,574		(8,373	)		2,428		—		(11,007	)		45,552			279,309
	69,365		125,840			14,506		—		(42,043	)		(152,932	)		321,974
	31,368		—			9,729		—		153,705			451,675			225,095
	114,307		117,467			26,663		—		100,655			344,295			826,378

	$122,325		$108,292			$27,683		$293,758		$103,611			$356,579			$903,068



Janus Aspen Series (continued)

Janus Henderson Forty Portfolio — Service Shares			Janus Henderson Global Research Portfolio — Institutional Shares			Janus Henderson Global Research Portfolio — Service Shares		Janus Henderson Global Technology and Innovation Portfolio — Service Shares			Janus Henderson Overseas Portfolio — Institutional Shares		Janus Henderson Overseas Portfolio — Service Shares		Janus Henderson Research Portfolio — Institutional Shares

Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025		Year ended December 31, 2025


	$5,438			$52,653			$4,557		$—			$47,101		$2,383		$11,834
	9,314			57,546			3,611		12,246			30,028		581		85,885
	(3,876	)		(4,893	)		946		(12,246	)		17,073		1,802		(74,051	)


	25,253			265,679			27,712		44,932			205,355		17,629		594,929
	42,969			425,663			44,776		222,980			573,655		24,363		308,797
	278,898			603,419			67,954		186,399			—		—		727,729
	347,120			1,294,761			140,442		454,311			779,010		41,992		1,631,455

	$343,244			$1,289,868			$141,388		$442,065			$796,083		$43,794		$1,557,404

See accompanying notes to financial statements.

F-21

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations — Continued



	Janus Aspen Series (continued)			Legg Mason Partners Variable Equity Trust

	Janus Henderson Research Portfolio — Service Shares			ClearBridge Variable Dividend Strategy Portfolio — Class I			ClearBridge Variable Dividend Strategy Portfolio — Class II			ClearBridge Variable Growth Portfolio — Class II			ClearBridge Variable Large Cap Value Portfolio — Class I

	Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025

Investment income and expense:
Income — Ordinary dividends		$660			$19,938			$535			$—			$9,477
Mortality and expense risk and administrative charges (note 4)		2,893			9,171			193			488			5,613
Net investment income (expense)		(2,233	)		10,767			342			(488	)		3,864

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss)		8,307			(90	)		80			(5,569	)		(18,218	)
Change in unrealized appreciation (depreciation)		35,419			(37,597	)		(1,210	)		(9,711	)		6,588
Capital gain distributions		40,562			125,824			3,844			58,964			81,980
Net realized and unrealized gain (loss) on investments		84,288			88,137			2,714			43,684			70,350

Increase (decrease) in net assets from operations		$82,055			$98,904			$3,056			$43,196			$74,214



	PIMCO Variable Insurance Trust (continued)

	High Yield Portfolio — Administrative Class Shares			International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares			Long-Term U.S. Government Portfolio — Administrative Class Shares			Low Duration Portfolio — Administrative Class Shares			Total Return Portfolio — Administrative Class Shares

	Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025

Investment income and expense:
Income — Ordinary dividends		$69,147			$4,115			$42,966			$24,523			$168,912
Mortality and expense risk and administrative charges (note 4)		3,532			507			4,495			2,747			19,692
Net investment income (expense)		65,615			3,608			38,471			21,776			149,220

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss)		(165	)		(402	)		(22,708	)		(1,939	)		(30,798	)
Change in unrealized appreciation (depreciation)		25,797			855			59,099			10,888			213,275
Capital gain distributions		—			—			—			—			—
Net realized and unrealized gain (loss) on investments		25,632			453			36,391			8,949			182,477

Increase (decrease) in net assets from operations		$91,247			$4,061			$74,862			$30,725			$331,697

See accompanying notes to financial statements.

F-22

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations — Continued



Lincoln Variable Insurance Products Trust			MFS^® Variable Insurance Trust											MFS^® Variable Insurance Trust II			PIMCO Variable Insurance Trust

LVIP American Century Inflation Protection Fund — Service Class			MFS^® Investors Trust Series — Service Class Shares			MFS^® New Discovery Series — Service Class Shares			MFS^® Total Return Series — Service Class Shares			MFS^® Utilities Series — Service Class Shares		MFS^® Massachusetts Investors Growth Stock Portfolio — Service Class Shares			All Asset Portfolio — Advisor Class Shares

Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025


	$12,513			$3,129			$—			$20,950			$45,941		$206			$13,885
	228			502			3,494			685			7,543		3,868			451
	12,285			2,627			(3,494	)		20,265			38,398		(3,662	)		13,434


	(5,198	)		7,356			(21,934	)		(2,637	)		129,719		8,688			(8,206	)
	4,256			(164,722	)		127,379			5,567			51,470		(75,249	)		33,833
	—			221,350			—			61,635			22,911		178,903			—
	(942	)		63,984			105,445			64,565			204,100		112,342			25,627

	$11,343			$66,611			$101,951			$84,830			$242,498		$108,680			$39,061



Rydex Variable Trust			State Street Variable Insurance Series Funds, Inc.

NASDAQ — 100^® Fund			Income V.I.S. Fund — Class 1 Shares			Premier Growth Equity V.I.S. Fund — Class 1 Shares			Real Estate Securities V.I.S. Fund — Class 1 Shares			S&P 500^® Index V.I.S. Fund — Class 1 Shares		Small-Cap Equity V.I.S. Fund — Class 1 Shares			Total Return V.I.S. Fund — Class 1 Shares

Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025


	$282			$35,827			$—			$34,503			$361,086		$—			$84,568
	2,026			7,723			24,095			22,947			262,358		14,565			17,162
	(1,744	)		28,104			(24,095	)		11,556			98,728		(14,565	)		67,406


	92,797			(18,773	)		77,941			(26,599	)		1,898,570		(73,893	)		21,641
	17,957			39,987			(115,597	)		13,118			1,301,646		(289,255	)		240,195
	51,240			—			851,470			40,724			2,682,774		350,149			147,317
	161,994			21,214			813,814			27,243			5,882,990		(12,999	)		409,153

	$160,250			$49,318			$789,719			$38,799			$5,981,718		$(27,564	)		$476,559

See accompanying notes to financial statements.

F-23

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations — Continued



	State Street Variable Insurance Series Funds, Inc. (continued)					The Alger Portfolios						The Prudential Series Fund

	Total Return V.I.S. Fund — Class 3 Shares		U.S. Equity V.I.S. Fund — Class 1 Shares			Alger Large Cap Growth Portfolio — Class I-2 Shares			Alger Small Cap Growth Portfolio — Class I-2 Shares			PSF Natural Resources Portfolio — Class II Shares

	Year ended December 31, 2025		Year ended December 31, 2025			Year ended December 31, 2025			Year ended December 31, 2025			Period from January 1 to April 11, 2025

Investment income and expense:
Income — Ordinary dividends		$10,539		$5,062			$—			$—			$—
Mortality and expense risk and administrative charges (note 4)		48		16,374			45,976			18,810			1,004
Net investment income (expense)		10,491		(11,312	)		(45,976	)		(18,810	)		(1,004	)

Net realized and unrealized gain (loss) on investments:
Net realized gain (loss)		27,460		42,218			173,727			(126,056	)		(33,747	)
Change in unrealized appreciation (depreciation)		7,980		(118,138	)		640,739			225,692			(16,394	)
Capital gain distributions		20,558		454,807			679,688			27,082			—
Net realized and unrealized gain (loss) on investments		55,998		378,887			1,494,154			126,718			(50,141	)

Increase (decrease) in net assets from operations		$66,489		$367,575			$1,448,178			$107,908			$(51,145	)

See accompanying notes to financial statements.

F-24

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Operations — Continued



The Prudential Series Fund (continued)

PSF PGIM Jennison Blend Portfolio — Class II Shares			PSF PGIM Jennison Growth Portfolio — Class II Shares

Year ended December 31, 2025			Year ended December 31, 2025


	$—			$—
	3,419			757
	(3,419	)		(757	)


	127,915			6,039
	104,858			61,221
	—			—
	232,773			67,260

	$229,354			$66,503

See accompanying notes to financial statements.

F-25

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets



	AB Variable Products Series Fund, Inc.

	AB VPS International Value Portfolio — Class B						AB VPS Large Cap Growth Portfolio — Class B						AB VPS Relative Value Portfolio — Class B

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$18,237			$15,290			$(6,283)			$(5,740)			$33,946			$52,539
Net realized gain (loss) on investments		48,295			21,860			25,823			26,572			66,624			113,965
Change in unrealized appreciation (depreciation) on investments		236,057			(3,774	)		5,547			173,131			(36,934	)		261,111
Capital gain distributions		—			—			127,341			53,224			451,093			188,867
Increase (decrease) in net assets from operations		302,589			33,376			152,428			247,187			514,729			616,482

From capital transactions (note 4):
Net premiums		14,106			15,921			13,586			11,867			47,826			47,540
Loan interest		(66	)		79			(255	)		(518	)		67			(758	)
Transfers for contract benefits and terminations		(2,505	)		(19,159	)		(15,668	)		(6,991	)		(79,832	)		(339,686	)
Loans		1,008			(6,780	)		983			(84	)		(14,154	)		(3,263	)
Cost of insurance and administrative expenses		(23,857	)		(22,076	)		(26,272	)		(25,304	)		(113,754	)		(114,484	)
Transfers between subaccounts (including fixed account), net		(7,240	)		9,180			(18,118	)		17,878			17,554			(14,776	)
Increase (decrease) in net assets from capital transactions		(18,554	)		(22,835	)		(45,744	)		(3,152	)		(142,293	)		(425,427	)
Increase (decrease) in net assets		284,035			10,541			106,684			244,035			372,436			191,055
Net assets at beginning of year		749,559			739,018			1,260,575			1,016,540			5,285,518			5,094,463
Net assets at end of year		$1,033,594			$749,559			$1,367,259			$1,260,575			$5,657,954			$5,285,518

Change in units (note 5):
Units purchased		14,007			17,523			1,281			2,275			13,717			13,498
Units redeemed		(15,003	)		(18,925	)		(2,145	)		(2,326	)		(16,463	)		(22,303	)
Net increase (decrease) in units from capital transactions with policy owners		(996	)		(1,402	)		(864	)		(51	)		(2,746	)		(8,805	)

See accompanying notes to financial statements.

F-26

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



AB Variable Products Series Fund, Inc. (continued)												AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

AB VPS Small Cap Growth Portfolio — Class B						AB VPS Sustainable Global Thematic Portfolio — Class B						Invesco V.I. American Franchise Fund — Series I shares						Invesco V.I. American Franchise Fund — Series II shares						Invesco V.I. American Value Fund — Series II shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$(1,577	)		$(1,555	)		$(1,411	)		$(1,418	)		$(8,733	)		$(7,879	)		$(847	)		$(753	)		$(139	)		$ 3,376
	(3,305	)		(7,603	)		3,773			2,615			40,048			19,082			3,125			7,766			3,896			(2,354	)
	17,188			58,104			(27,659	)		14,707			(11,549	)		392,821			(2,268	)		87,478			19,664			141,073
	—			—			43,890			987			149,299			—			38,539			—			113,867			14,586
	12,306			48,946			18,593			16,891			169,065			404,024			38,549			94,491			137,288			156,681


	3,240			3,345			4,895			5,101			27,792			22,015			1,742			1,742			5,336			5,176
	31			74			—			—			(124	)		(134	)		(210	)		(192	)		(679	)		(618	)
	(15	)		(6,245	)		(19,589	)		(5,844	)		(44,924	)		(25,024	)		(748	)		(33,821	)		(805	)		—
	4			(292	)		—			—			(6,429	)		99			342			631			184			279
	(6,780	)		(6,959	)		(4,617	)		(4,728	)		(44,074	)		(41,958	)		(7,634	)		(6,997	)		(12,780	)		(11,505	)
	(26	)		(231	)		(932	)		(218	)		(13,680	)		(6,951	)		(97	)		(2,367	)		(468	)		(4,359	)
	(3,546	)		(10,308	)		(20,243	)		(5,689	)		(81,439	)		(51,953	)		(6,605	)		(41,004	)		(9,212	)		(11,027	)
	8,760			38,638			(1,650	)		11,202			87,626			352,071			31,944			53,487			128,076			145,654
	320,103			281,465			321,311			310,109			1,569,008			1,216,937			351,681			298,194			676,745			531,091
	$328,863			$320,103			$319,661			$321,311			$1,656,634			$1,569,008			$383,625			$351,681			$804,821			$676,745


	86			93			132			122			634			806			43			59			3,655			3,803
	(161	)		(344	)		(560	)		(234	)		(2,143	)		(2,014	)		(134	)		(704	)		(4,218	)		(4,614	)
	(75	)		(251	)		(428	)		(112	)		(1,509	)		(1,208	)		(91	)		(645	)		(563	)		(811	)

See accompanying notes to financial statements.

F-27

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)

	Invesco V.I. Comstock Fund — Series II shares						Invesco V.I. Core Equity Fund — Series I shares						Invesco V.I. Core Plus Bond Fund — Series I shares

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$10,054			$10,195			$ 4,208			$ 4,751			$39,300			$29,834
Net realized gain (loss) on investments		22,176			25,552			29,022			6,439			(5,855	)		15,441
Change in unrealized appreciation (depreciation) on investments		7,846			14,401			71,816			171,357			34,162			(21,013	)
Capital gain distributions		88,507			56,528			106,356			115,914			—			—
Increase (decrease) in net assets from operations		128,583			106,676			211,402			298,461			67,607			24,262

From capital transactions (note 4):
Net premiums		7,161			7,307			15,805			15,683			49,249			51,068
Loan interest		(85	)		(85	)		109			162			1,882			2,371
Transfers for contract benefits and terminations		(40,188	)		(73,728	)		(125,274	)		(18,853	)		(5,052	)		(23,348	)
Loans		—			203			706			(4,552	)		26,135			415
Cost of insurance and administrative expenses		(18,599	)		(17,942	)		(26,765	)		(26,152	)		(57,639	)		(58,047	)
Transfers between subaccounts (including fixed account), net		(1,421	)		(8,965	)		(21,355	)		(17,131	)		116,754			(190,765	)
Increase (decrease) in net assets from capital transactions		(53,132	)		(93,210	)		(156,774	)		(50,843	)		131,329			(218,306	)
Increase (decrease) in net assets		75,451			13,466			54,628			247,618			198,936			(194,044	)
Net assets at beginning of year		804,661			791,195			1,453,468			1,205,850			1,105,562			1,299,606
Net assets at end of year		$880,112			$804,661			$1,508,096			$1,453,468			$1,304,498			$1,105,562

Change in units (note 5):
Units purchased		1,009			894			471			748			62,640			58,792
Units redeemed		(1,904	)		(2,724	)		(3,975	)		(2,121	)		(50,569	)		(80,771	)
Net increase (decrease) in units from capital transactions with policy owners		(895	)		(1,830	)		(3,504	)		(1,373	)		12,071			(21,979	)

See accompanying notes to financial statements.

F-28

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)

Invesco V.I. Discovery Large Cap Fund — Series I shares						Invesco V.I. Discovery Large Cap Fund — Series II Shares						Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares						Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares						Invesco V.I. EQV International Equity Fund — Series II shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$ (56,832	)		$ (52,121	)		$(2,381	)		$(2,122	)		$ (52,701	)		$ (52,227	)		$(611	)		$(572	)		$ 7,640			$ 9,898
	154,095			77,512			8,716			12,562			45,594			59,076			(91	)		(1,297	)		10,312			16,632
	(158,120	)		1,652,002			(22,345	)		191,365			(276,463	)		1,190,719			(13,710	)		49,691			44,910			(28,247	)
	804,003			—			101,998			—			500,555			—			24,986			—			50,758			3,976
	743,146			1,677,393			85,988			201,805			216,985			1,197,568			10,574			47,822			113,620			2,259


	102,393			107,348			8,592			8,482			93,482			101,767			4,354			4,296			7,616			8,071
	(3,030	)		(3,026	)		(160	)		(237	)		(1,794	)		(3,063	)		7			13			(374	)		(101	)
	(258,561	)		(93,573	)		(23,606	)		(399	)		(151,393	)		(330,429	)		—			(3,169	)		(966	)		(2,889	)
	(14,520	)		1,282			521			541			3,822			4,882			266			567			(2,156	)		(29,766	)
	(205,181	)		(200,920	)		(14,643	)		(13,824	)		(180,010	)		(188,020	)		(6,195	)		(5,918	)		(12,387	)		(12,422	)
	(7,521	)		(15,846	)		(1,206	)		(25,661	)		(34,176	)		(27,185	)		23			(47	)		(118	)		(42,511	)
	(386,420	)		(204,735	)		(30,502	)		(31,098	)		(270,069	)		(442,048	)		(1,545	)		(4,258	)		(8,385	)		(79,618	)
	356,726			1,472,658			55,486			170,707			(53,084	)		755,520			9,029			43,564			105,235			(77,359	)
	6,617,086			5,144,428			787,531			616,824			6,066,788			5,311,268			248,956			205,392			714,747			792,106
	$6,973,812			$6,617,086			$843,017			$787,531			$6,013,704			$6,066,788			$257,985			$248,956			$819,982			$714,747


	579			700			778			879			1,104			4,015			76			86			3,787			6,184
	(1,691	)		(1,410	)		(1,216	)		(1,360	)		(2,267	)		(6,162	)		(97	)		(160	)		(4,026	)		(8,667	)
	(1,112	)		(710	)		(438	)		(481	)		(1,163	)		(2,147	)		(21	)		(74	)		(239	)		(2,483	)

See accompanying notes to financial statements.

F-29

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)

	Invesco V.I. Equity and Income Fund — Series I Shares						Invesco V.I. Equity and Income Fund — Series II shares						Invesco V.I. Global Fund — Series II shares

	Year ended December 31, 2025			Period from April 26 to December 31, 2024			Year ended December 31, 2025			Period from April 26 to December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$16,600			$14,647			$ 4,815			$ 3,621			$ (15,753)			$ (15,517)
Net realized gain (loss) on investments		5,272			8,110			439			648			26,808			84,924
Change in unrealized appreciation (depreciation) on investments		64,164			18,611			11,095			2,960			(215,728	)		220,746
Capital gain distributions		80,430			55,105			14,292			9,118			705,109			218,570
Increase (decrease) in net assets from operations		166,466			96,473			30,641			16,347			500,436			508,723

From capital transactions (note 4):
Net premiums		31,646			19,689			12,568			8,279			47,045			46,294
Loan interest		2,703			1,068			—			—			(705	)		(754	)
Transfers for contract benefits and terminations		(14,859	)		(28,757	)		—			(28,170	)		(310,030	)		(191,904	)
Loans		(207	)		—			—			—			3,071			2,744
Cost of insurance and administrative expenses		(51,779	)		(34,021	)		(12,932	)		(8,043	)		(66,743	)		(68,780	)
Transfers between subaccounts (including fixed account), net		(23,392	)		1,400,608			8,696			252,361			(2,454	)		(45,206	)
Increase (decrease) in net assets from capital transactions		(55,888	)		1,358,587			8,332			224,427			(329,816	)		(257,606	)
Increase (decrease) in net assets		110,578			1,455,060			38,973			240,774			170,620			251,117
Net assets at beginning of year		1,455,060			—			240,774			—			3,697,449			3,446,332
Net assets at end of year		$1,565,638			$1,455,060			$279,747			$240,774			$3,868,069			$3,697,449

Change in units (note 5):
Units purchased		6,281			215,033			1,994			26,030			31,460			36,805
Units redeemed		(11,242	)		(78,574	)		(1,246	)		(3,557	)		(37,387	)		(41,938	)
Net increase (decrease) in units from capital transactions with policy owners		(4,961	)		136,459			748			22,473			(5,927	)		(5,133	)

See accompanying notes to financial statements.

F-30

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)																		Allspring Variable Trust						BNY Mellon

Invesco V.I. Global Strategic Income Fund — Series I shares						Invesco V.I. Main Street Fund^® — Series II shares						Invesco V.I. Main Street Small Cap Fund^® — Series II shares						Allspring VT Discovery All Cap Growth Fund — Class 2						BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$38,520			$16,802			$(978	)		$(7,467	)		$62			$(2,423	)		$(200	)		$(75	)		$(374	)		$128
	(3,664	)		(14,991	)		(11,847	)		(9,372	)		17,581			33,795			(287	)		69			30,203			9,211
	57,720			15,279			177,911			214,551			(44,237	)		50,445			(60,796	)		32,708			(19,883	)		29,506
	—			—			140,242			207,329			113,398			39,566			102,478			11,660			15,624			1,165
	92,576			17,090			305,328			405,041			86,804			121,383			41,195			44,362			25,570			40,010


	48,403			49,687			22,019			25,779			8,163			8,059			836			373			4,757			4,106
	311			1,032			(231	)		(305	)		(72	)		(64	)		—			—			(42	)		(26	)
	(153,635	)		(21,730	)		(114,203	)		(44,110	)		(32,160	)		(7,641	)		—			(525	)		(64,803	)		(22,458	)
	127,376			4,042			725			1,178			—			(7,066	)		—			—			(2,956	)		(2,154	)
	(47,692	)		(48,808	)		(41,414	)		(42,533	)		(20,890	)		(20,627	)		(4,138	)		(3,230	)		(5,998	)		(6,485	)
	233			(50,587	)		1,473			(4,515	)		9,334			(1,168	)		(1	)		17,629			(2,387	)		(75	)
	(25,004	)		(66,364	)		(131,631	)		(64,506	)		(35,625	)		(28,507	)		(3,303	)		14,247			(71,429	)		(27,092	)
	67,572			(49,274	)		173,697			340,535			51,179			92,876			37,892			58,609			(45,859	)		12,918
	744,267			793,541			2,130,996			1,790,461			1,092,520			999,644			272,738			214,129			191,351			178,433
	$811,839			$744,267			$2,304,693			$2,130,996			$1,143,699			$1,092,520			$310,630			$272,738			$145,492			$191,351


	16,365			5,924			818			1,038			2,984			3,035			13			298			178			476
	(18,214	)		(12,255	)		(3,646	)		(2,548	)		(3,380	)		(3,377	)		(60	)		(61	)		(1,721	)		(1,361	)
	(1,849	)		(6,331	)		(2,828	)		(1,510	)		(396	)		(342	)		(47	)		237			(1,543	)		(885	)

See accompanying notes to financial statements.

F-31

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	BlackRock Variable Series Funds, Inc.

	BlackRock Advantage SMID Cap V.I. Fund — Class III Shares						BlackRock Basic Value V.I. Fund — Class III Shares						BlackRock Global Allocation V.I. Fund — Class III Shares

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$2,546			$2,236			$4,403			$3,645			$56,471			$10,807
Net realized gain (loss) on investments		(1,908	)		(5,572	)		(68	)		(216	)		(1,105	)		(3,313	)
Change in unrealized appreciation (depreciation) on investments		(7,152	)		23,324			17,424			257			826			(5,577	)
Capital gain distributions		25,701			—			34,294			18,063			139,626			70,053
Increase (decrease) in net assets from operations		19,187			19,988			56,053			21,749			195,818			71,970

From capital transactions (note 4):
Net premiums		3,131			3,278			709			684			12,164			12,629
Loan interest		(3	)		(22	)		(104	)		(123	)		197			(1	)
Transfers for contract benefits and terminations		—			(2,289	)		—			—			—			(17,701	)
Loans		(6,671	)		359			521			541			(16,617	)		(2,732	)
Cost of insurance and administrative expenses		(4,464	)		(4,505	)		(7,141	)		(6,662	)		(21,099	)		(18,039	)
Transfers between subaccounts (including fixed account), net		(38	)		(13,939	)		(53	)		(174	)		430,643			(3,969	)
Increase (decrease) in net assets from capital transactions		(8,045	)		(17,118	)		(6,068	)		(5,734	)		405,288			(29,813	)
Increase (decrease) in net assets		11,142			2,870			49,985			16,015			601,106			42,157
Net assets at beginning of year		182,465			179,595			239,337			223,322			890,307			848,150
Net assets at end of year		$193,607			$182,465			$289,322			$239,337			$1,491,413			$890,307

Change in units (note 5):
Units purchased		82			100			102			105			14,307			3,352
Units redeemed		(244	)		(476	)		(241	)		(251	)		(3,647	)		(4,305	)
Net increase (decrease) in units from capital transactions with policy owners		(162	)		(376	)		(139	)		(146	)		10,660			(953	)

See accompanying notes to financial statements.

F-32

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



BlackRock Variable Series Funds, Inc. (continued)						Columbia Funds Variable Series Trust II												Eaton Vance Variable Trust						Federated Hermes Insurance Series

BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares						CTIVP^® — Principal Large Cap Growth Fund — Class 1						Columbia Variable Portfolio — Overseas Core Fund — Class 2						VT Floating-Rate Income Fund						Federated Hermes High Income Bond Fund II — Primary Shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$(1,095	)		$(952	)		$(2,893	)		$(2,719	)		$8,217			$19,971			$32,946			$38,349			$22,134			$17,164
	4,524			8,863			88,731			29,313			25,212			8,743			(5,692	)		(2,036	)		(2,199	)		(3,235	)
	(63,058	)		137,644			83,467			209,335			144,745			(14,036	)		(8,720	)		(338	)		10,273			9,837
	160,650			68,272			—			—			—			—			—			—			—			—
	101,021			213,827			169,305			235,929			178,174			14,678			18,534			35,975			30,208			23,766


	3,260			3,635			8,786			9,619			6,082			5,809			3,024			3,141			8,560			10,495
	—			—			(353	)		(365	)		(92	)		(64	)		—			—			(765	)		(1,096	)
	—			(32,514	)		(113,700	)		(27,338	)		(46,919	)		(15,262	)		(7,187	)		(43,061	)		(15,743	)		(22,475	)
	—			—			—			359			1,834			—			—			—			(10,353	)		(152	)
	(14,945	)		(13,158	)		(15,233	)		(15,503	)		(10,889	)		(10,193	)		(7,079	)		(7,189	)		(39,509	)		(33,371	)
	(34	)		13,466			4,132			4,478			(375	)		(8,200	)		(13,357	)		7,280			478			114,528
	(11,719	)		(28,571	)		(116,368	)		(28,750	)		(50,359	)		(27,910	)		(24,599	)		(39,829	)		(57,332	)		67,929
	89,302			185,256			52,937			207,179			127,815			(13,232	)		(6,065	)		(3,854	)		(27,124	)		91,695
	896,624			711,368			1,332,778			1,125,599			505,794			519,026			513,771			517,625			451,999			360,304
	$985,926			$896,624			$1,385,715			$1,332,778			$633,609			$505,794			$507,706			$513,771			$424,875			$451,999


	66			294			267			513			9,521			13,816			11,277			10,461			1,675			4,379
	(207	)		(702	)		(3,591	)		(1,455	)		(12,338	)		(15,686	)		(12,443	)		(12,309	)		(2,815	)		(2,750	)
	(141	)		(408	)		(3,324	)		(942	)		(2,817	)		(1,870	)		(1,166	)		(1,848	)		(1,140	)		1,629

See accompanying notes to financial statements.

F-33

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	Federated Hermes Insurance Series (continued)

	Federated Hermes High Income Bond Fund II — Service Shares						Federated Hermes Kaufmann Fund II — Service Shares						Federated Hermes Managed Volatility Fund II — Primary Shares

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$47,296			$42,234			$(1,979	)		$3,871			$10,938			$8,497
Net realized gain (loss) on investments		(7,500	)		(9,252	)		3,568			1,833			2,625			941
Change in unrealized appreciation (depreciation) on investments		26,173			12,588			(5,532	)		103,713			8,574			66,394
Capital gain distributions		—			—			105,681			27,046			9,262			—
Increase (decrease) in net assets from operations		65,969			45,570			101,738			136,463			31,399			75,832

From capital transactions (note 4):
Net premiums		12,330			11,950			6,475			6,561			21,431			21,486
Loan interest		42			63			(10	)		31			(2,599	)		(3,224	)
Transfers for contract benefits and terminations		(30,295	)		(46,765	)		(79,484	)		(68,612	)		(18,841	)		(38,648	)
Loans		—			335			—			3,562			(411	)		(197	)
Cost of insurance and administrative expenses		(19,500	)		(20,731	)		(18,512	)		(18,402	)		(30,019	)		(29,710	)
Transfers between subaccounts (including fixed account), net		(558	)		3,665			(8,588	)		(21,974	)		1,529			(57,582	)
Increase (decrease) in net assets from capital transactions		(37,981	)		(51,483	)		(100,119	)		(98,834	)		(28,910	)		(107,875	)
Increase (decrease) in net assets		27,988			(5,913	)		1,619			37,629			2,489			(32,043	)
Net assets at beginning of year		846,800			852,713			934,997			897,368			531,990			564,033
Net assets at end of year		$874,788			$846,800			$936,616			$934,997			$534,479			$531,990

Change in units (note 5):
Units purchased		10,368			4,036			2,862			669			1,121			1,154
Units redeemed		(11,312	)		(5,470	)		(4,059	)		(2,203	)		(1,795	)		(3,791	)
Net increase (decrease) in units from capital transactions with policy owners		(944	)		(1,434	)		(1,197	)		(1,534	)		(674	)		(2,637	)

See accompanying notes to financial statements.

F-34

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



Fidelity^® Variable Insurance Products Fund

VIP Asset Manager 50% Portfolio — Initial Class						VIP Asset Manager 50% Portfolio — Service Class 2						VIP Balanced Portfolio — Service Class 2						VIP Contrafund^® Portfolio — Initial Class						VIP Contrafund^® Portfolio — Service Class 2

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$68,027			$58,889			$2,698			$2,300			$11,215			$11,152			$(197,826	)		$(172,013	)		$(31,429	)		$(26,400	)
	55,608			70,984			536			448			12,465			11,018			1,029,904			1,048,384			542,528			796,236
	246,037			171,132			8,673			5,369			48,300			58,664			(194,348	)		2,361,938			(335,963	)		437,834
	196,889			27,983			6,211			801			40,713			23,774			3,720,718			2,499,242			1,366,662			934,270
	566,561			328,988			18,118			8,918			112,693			104,608			4,358,448			5,737,551			1,541,798			2,141,940


	91,152			86,042			8,517			8,269			6,143			6,212			249,815			271,231			67,841			66,081
	3,794			1,316			11			19			(15	)		(22	)		7,253			(3,949	)		(1,707	)		(1,601	)
	(252,964	)		(426,117	)		—			—			—			(4,878	)		(1,188,539	)		(1,144,915	)		(704,172	)		(730,473	)
	90,297			3,450			—			—			(12,537	)		359			(29,060	)		(20,959	)		(28,517	)		(8,001	)
	(179,431	)		(182,965	)		(5,479	)		(5,098	)		(15,612	)		(14,918	)		(657,648	)		(631,625	)		(158,731	)		(153,351	)
	(15,796	)		(18,465	)		1			1			(702	)		(659	)		(125,876	)		(6,169	)		(63,832	)		(104,943	)
	(262,948	)		(536,739	)		3,050			3,191			(22,723	)		(13,906	)		(1,744,055	)		(1,536,386	)		(889,118	)		(932,288	)
	303,613			(207,751	)		21,168			12,109			89,970			90,702			2,614,393			4,201,165			652,680			1,209,652
	4,212,019			4,419,770			127,087			114,978			775,964			685,262			22,237,696			18,036,531			8,025,145			6,815,493
	$4,515,632			$4,212,019			$148,255			$127,087			$865,934			$775,964			$24,852,089			$22,237,696			$8,677,825			$8,025,145


	3,218			2,174			315			330			943			993			4,074			4,633			25,891			28,469
	(6,440	)		(9,270	)		(203	)		(205	)		(1,474	)		(1,354	)		(10,997	)		(11,722	)		(35,330	)		(41,093	)
	(3,222	)		(7,096	)		112			125			(531	)		(361	)		(6,923	)		(7,089	)		(9,439	)		(12,624	)

See accompanying notes to financial statements.

F-35

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	Fidelity^® Variable Insurance Products Fund (continued)

	VIP Dynamic Capital Appreciation Portfolio — Service Class 2						VIP Equity-Income Portfolio^SM — Initial Class						VIP Equity-Income Portfolio^SM — Service Class 2

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$(839	)		$(2,072	)		$84,053			$74,298			$33,089			$30,386
Net realized gain (loss) on investments		(14,655	)		65,638			236,670			285,507			38,509			32,176
Change in unrealized appreciation (depreciation) on investments		4,238			(4,124	)		723,421			332,125			203,266			113,273
Capital gain distributions		69,325			15,350			523,417			516,694			146,806			144,950
Increase (decrease) in net assets from operations		58,069			74,792			1,567,561			1,208,624			421,670			320,785

From capital transactions (note 4):
Net premiums		966			1,228			130,006			138,363			40,412			39,170
Loan interest		(83	)		(80	)		(5,967	)		(18,030	)		(77	)		(100	)
Transfers for contract benefits and terminations		(18,128	)		—			(386,182	)		(575,003	)		(130,394	)		(115,810	)
Loans		(5,475	)		328			110,873			(33,491	)		(8,376	)		(19	)
Cost of insurance and administrative expenses		(3,789	)		(3,690	)		(343,638	)		(343,434	)		(74,943	)		(72,290	)
Transfers between subaccounts (including fixed account), net		9,478			(28,418	)		(96,611	)		(313,950	)		(3,781	)		(18,532	)
Increase (decrease) in net assets from capital transactions		(17,031	)		(30,632	)		(591,519	)		(1,145,545	)		(177,159	)		(167,581	)
Increase (decrease) in net assets		41,038			44,160			976,042			63,079			244,511			153,204
Net assets at beginning of year		356,242			312,082			8,957,624			8,894,545			2,429,210			2,276,006
Net assets at end of year		$397,280			$356,242			$9,933,666			$8,957,624			$2,673,721			$2,429,210

Change in units (note 5):
Units purchased		6,012			5,855			3,676			3,236			1,521			1,676
Units redeemed		(6,208	)		(6,223	)		(6,551	)		(10,123	)		(5,181	)		(5,518	)
Net increase (decrease) in units from capital transactions with policy owners		(196	)		(368	)		(2,875	)		(6,887	)		(3,660	)		(3,842	)

See accompanying notes to financial statements.

F-36

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



Fidelity^® Variable Insurance Products Fund (continued)

VIP Growth & Income Portfolio — Initial Class						VIP Growth & Income Portfolio — Service Class 2						VIP Growth Opportunities Portfolio — Initial Class						VIP Growth Portfolio — Initial Class						VIP Growth Portfolio — Service Class 2

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$18,897			$14,184			$17,086			$15,527			$(14,753	)		$(13,690	)		$(144,952	)		$(195,614	)		$(19,290	)		$(19,616	)
	120,877			118,529			111,273			47,967			274,773			292,816			519,374			963,383			225,147			117,459
	87,698			138,553			35,492			139,937			45,636			231,537			(319,313	)		(180,522	)		(192,895	)		(18,497	)
	229,520			144,051			157,983			109,567			29,291			—			2,892,121			4,594,837			579,364			1,011,092
	456,992			415,317			321,834			312,998			334,947			510,663			2,947,230			5,182,084			592,326			1,090,438


	42,314			46,647			19,795			21,367			28,946			27,544			201,585			203,648			38,358			35,529
	(831	)		(8,926	)		(119	)		(176	)		(917	)		29			(13,842	)		(24,332	)		(1,428	)		(1,989	)
	(40,760	)		(76,068	)		(211,819	)		(82,803	)		(283,645	)		(15,810	)		(761,665	)		(819,598	)		(735,741	)		(96,468	)
	4,806			3,706			(36,236	)		(156	)		12,209			(6,615	)		96,188			(82,357	)		3,105			2,184
	(98,251	)		(92,897	)		(32,495	)		(34,120	)		(76,264	)		(67,678	)		(486,483	)		(496,840	)		(90,297	)		(93,373	)
	11,655			(868	)		(8,179	)		(9,364	)		(55,896	)		70,052			(197,483	)		(231,732	)		(37,922	)		(30,109	)
	(81,067	)		(128,406	)		(269,053	)		(105,252	)		(375,567	)		7,522			(1,161,700	)		(1,451,211	)		(823,925	)		(184,226	)
	375,925			286,911			52,781			207,746			(40,620	)		518,185			1,785,530			3,730,873			(231,599	)		906,212
	2,267,555			1,980,644			1,661,657			1,453,911			1,845,914			1,327,729			21,858,821			18,127,948			4,698,201			3,791,989
	$2,643,480			$2,267,555			$1,714,438			$1,661,657			$1,805,294			$1,845,914			$23,644,351			$21,858,821			$4,466,602			$4,698,201


	4,551			4,380			556			529			12,562			14,112			4,441			4,283			3,418			2,925
	(5,416	)		(6,060	)		(5,282	)		(2,823	)		(15,784	)		(13,835	)		(6,986	)		(7,931	)		(15,425	)		(6,243	)
	(865	)		(1,680	)		(4,726	)		(2,294	)		(3,222	)		277			(2,545	)		(3,648	)		(12,007	)		(3,318	)

See accompanying notes to financial statements.

F-37

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	Fidelity^® Variable Insurance Products Fund (continued)

	VIP Mid Cap Portfolio — Service Class 2						VIP Overseas Portfolio — Initial Class						VIP Value Strategies Portfolio — Service Class 2

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$(16,922	)		$(10,576	)		$24,341			$22,583			$4,086			$4,120
Net realized gain (loss) on investments		(84,207	)		213,697			112,435			117,950			(14,874	)		36,075
Change in unrealized appreciation (depreciation) on investments		8,374			(126,104	)		123,762			(169,398	)		29,385			(69,790	)
Capital gain distributions		603,402			689,557			289,590			133,734			23,444			84,156
Increase (decrease) in net assets from operations		510,647			766,574			550,128			104,869			42,041			54,561

From capital transactions (note 4):
Net premiums		80,650			83,325			109,659			106,399			2,748			3,374
Loan interest		1,098			742			7,023			4,058			(55	)		(143	)
Transfers for contract benefits and terminations		(452,906	)		(304,080	)		(79,025	)		(69,923	)		(27,332	)		(72,309	)
Loans		(12,413	)		3,889			81,009			(18,479	)		(9,128	)		(15,165	)
Cost of insurance and administrative expenses		(146,767	)		(150,262	)		(150,545	)		(137,444	)		(4,098	)		(5,026	)
Transfers between subaccounts (including fixed account), net		3,060			(188	)		(13,338	)		126,004			3,706			(12,008	)
Increase (decrease) in net assets from capital transactions		(527,278	)		(366,574	)		(45,217	)		10,615			(34,159	)		(101,277	)
Increase (decrease) in net assets		(16,631	)		400,000			504,911			115,484			7,882			(46,716	)
Net assets at beginning of year		5,244,975			4,844,975			2,856,242			2,740,758			600,720			647,436
Net assets at end of year		$5,228,344			$5,244,975			$3,361,153			$2,856,242			$608,602			$600,720

Change in units (note 5):
Units purchased		22,559			21,185			14,098			12,599			4,174			12,960
Units redeemed		(28,588	)		(25,927	)		(14,423	)		(13,060	)		(4,809	)		(14,930	)
Net increase (decrease) in units from capital transactions with policy owners		(6,029	)		(4,742	)		(325	)		(461	)		(635	)		(1,970	)

See accompanying notes to financial statements.

F-38

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



Franklin Templeton Variable Insurance Products Trust

Franklin Income VIP Fund — Class 2 Shares						Franklin Mutual Shares VIP Fund — Class 2 Shares						Templeton Foreign VIP Fund — Class 1 Shares						Templeton Global Bond VIP Fund — Class 1 Shares						Templeton Growth VIP Fund — Class 2 Shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$42,923			$43,408			$6,642			$5,992			$8,018			$8,618			$(9,175	)		$(9,311	)		$1,020			$1,012
	990			(1,974	)		(5,268	)		3,068			13,574			29,815			(8,373	)		(19,622	)		2,428			2,635
	49,868			13,217			813			18,219			69,365			(44,948	)		125,840			(76,385	)		14,506			2,025
	9,153			3,604			36,008			6,879			31,368			—			—			—			9,729			384
	102,934			58,255			38,195			34,158			122,325			(6,515	)		108,292			(105,318	)		27,683			6,056


	6,362			6,786			2,013			2,528			7,314			9,216			28,462			34,442			851			840
	16			18			13			10			(296	)		(329	)		(105	)		(116	)		17			7
	(43,032	)		(10,924	)		—			(33,954	)		(1,704	)		(31,966	)		(14,087	)		(42,503	)		—			(1,201	)
	(1,413	)		(4,002	)		1,229			—			(3,500	)		—			—			683			46			17
	(16,444	)		(19,397	)		(5,013	)		(4,825	)		(20,810	)		(22,819	)		(34,862	)		(39,264	)		(3,172	)		(2,902	)
	1,543			3,161			2,852			(3,486	)		(24,045	)		(10,785	)		20,228			2,459			(1,096	)		(4	)
	(52,968	)		(24,358	)		1,094			(39,727	)		(43,041	)		(56,683	)		(364	)		(44,299	)		(3,354	)		(3,243	)
	49,966			33,897			39,289			(5,569	)		79,284			(63,198	)		107,928			(149,617	)		24,329			2,813
	865,069			831,172			337,597			343,166			461,481			524,679			740,845			890,462			117,811			114,998
	$915,035			$865,069			$376,886			$337,597			$540,765			$461,481			$848,773			$740,845			$142,140			$117,811


	4,635			7,975			3,842			9,919			12,377			20,147			5,607			4,891			1,535			1,537
	(6,247	)		(8,791	)		(3,799	)		(11,517	)		(14,531	)		(23,188	)		(5,718	)		(7,601	)		(1,687	)		(1,715	)

	(1,612	)		(816	)		43			(1,598	)		(2,154	)		(3,041	)		(111	)		(2,710	)		(152	)		(178	)

See accompanying notes to financial statements.

F-39

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	Goldman Sachs Variable Insurance Trust

	Goldman Sachs Government Money Market Fund — Service Shares						Goldman Sachs Large Cap Value Fund — Institutional Shares						Goldman Sachs Mid Cap Value Fund — Institutional Shares

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$293,758			$402,408			$2,956			$4,933			$12,284			$5,365
Net realized gain (loss) on investments		—			—			(11,007	)		21,110			45,552			42,236
Change in unrealized appreciation (depreciation) on investments		—			—			(42,043	)		8,351			(152,932	)		155,880
Capital gain distributions		—			—			153,705			124,711			451,675			240,625
Increase (decrease) in net assets from operations		293,758			402,408			103,611			159,105			356,579			444,106

From capital transactions (note 4):
Net premiums		451,398			539,943			10,426			11,448			52,824			55,680
Loan interest		(1,266	)		351			(31	)		(255	)		(3,762	)		(5,746	)
Transfers for contract benefits and terminations		(579,777	)		(1,134,800	)		(1,388	)		(29,200	)		(288,698	)		(177,283	)
Loans		305,947			(1,010,438	)		—			—			155,723			1,487
Cost of insurance and administrative expenses		(608,401	)		(625,798	)		(23,730	)		(23,425	)		(99,679	)		(106,551	)
Transfers between subaccounts (including fixed account), net		645,703			1,921,293			34,524			(68,459	)		(20,815	)		4,897
Increase (decrease) in net assets from capital transactions		213,604			(309,449	)		19,801			(109,891	)		(204,407	)		(227,516	)
Increase (decrease) in net assets		507,362			92,959			123,412			49,214			152,172			216,590
Net assets at beginning of year		9,479,472			9,386,513			1,035,034			985,820			4,173,112			3,956,522
Net assets at end of year		$9,986,834			$9,479,472			$1,158,446			$1,035,034			$4,325,284			$4,173,112

Change in units (note 5):
Units purchased		432,422			861,898			13,692			13,104			9,859			9,434
Units redeemed		(410,611	)		(882,754	)		(13,169	)		(16,505	)		(12,378	)		(12,539	)
Net increase (decrease) in units from capital transactions with policy owners		21,811			(20,856	)		523			(3,401	)		(2,519	)		(3,105	)

See accompanying notes to financial statements.

F-40

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



Janus Aspen Series

Janus Henderson Balanced Portfolio — Institutional Shares						Janus Henderson Balanced Portfolio — Service Shares						Janus Henderson Enterprise Portfolio — Institutional Shares						Janus Henderson Enterprise Portfolio — Service Shares						Janus Henderson Flexible Bond Portfolio — Institutional Shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$76,690			$73,583			$38,195			$37,033			$(49,482	)		$(7,225	)		$(3,453	)		$2,379			$67,806			$56,874
	279,309			457,326			216,264			158,947			183,295			265,945			8,603			21,469			(29,259	)		(72,034	)
	321,974			378,574			73,908			204,497			(209,394	)		703,456			(26,212	)		92,201			57,113			31,895
	225,095			—			98,295			—			745,179			401,234			109,440			56,848			—			—
	903,068			909,483			426,662			400,477			669,598			1,363,410			88,378			172,897			95,660			16,735


	121,809			118,175			66,773			66,454			203,601			207,255			14,638			15,956			30,694			34,602
	(8,170	)		(14,192	)		77			(38	)		(402	)		(4,392	)		(71	)		(116	)		(355	)		17,120
	(229,541	)		(651,263	)		(110,554	)		(123,414	)		(305,190	)		(740,955	)		(10,246	)		(101,305	)		(1,121	)		(38,646	)
	(10,102	)		(13,348	)		(10,876	)		(1,276	)		75,425			(38,446	)		1,219			143			11,294			—
	(242,225	)		(247,466	)		(90,703	)		(87,004	)		(318,308	)		(327,526	)		(29,467	)		(30,173	)		(26,897	)		(37,181	)
	157,132			(116,265	)		(14,680	)		3,575			(19,294	)		(94,813	)		(4,553	)		4,875			49,073			(101,874	)
	(211,097	)		(924,359	)		(159,963	)		(141,703	)		(364,168	)		(998,877	)		(28,480	)		(110,620	)		62,688			(125,979	)
	691,971			(14,876	)		266,699			258,774			305,430			364,533			59,898			62,277			158,348			(109,244	)
	6,623,375			6,638,251			3,085,435			2,826,661			10,069,416			9,704,883			1,287,372			1,225,095			1,445,813			1,555,057
	$7,315,346			$6,623,375			$3,352,134			$3,085,435			$10,374,846			$10,069,416			$1,347,270			$1,287,372			$1,604,161			$1,445,813


	6,474			7,329			16,383			12,489			2,926			2,310			553			860			14,866			17,644
	(8,282	)		(16,150	)		(19,558	)		(15,382	)		(4,814	)		(8,294	)		(1,322	)		(3,864	)		(12,786	)		(22,245	)

	(1,808	)		(8,821	)		(3,175	)		(2,893	)		(1,888	)		(5,984	)		(769	)		(3,004	)		2,080			(4,601	)

See accompanying notes to financial statements.

F-41

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	Janus Aspen Series (continued)

	Janus Henderson Forty Portfolio — Institutional Shares						Janus Henderson Forty Portfolio — Service Shares						Janus Henderson Global Research Portfolio — Institutional Shares

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$(45,573	)		$(57,038	)		$(3,876	)		$(8,583	)		$(4,893	)		$(4,777	)
Net realized gain (loss) on investments		386,159			353,081			25,253			45,323			265,679			257,040
Change in unrealized appreciation (depreciation) on investments		(28,927	)		997,465			42,969			300,197			425,663			847,165
Capital gain distributions		921,081			407,970			278,898			122,229			603,419			208,825
Increase (decrease) in net assets from operations		1,232,740			1,701,478			343,244			459,166			1,289,868			1,308,253

From capital transactions (note 4):
Net premiums		85,445			88,457			22,969			22,823			152,934			156,270
Loan interest		(2,626	)		(3,511	)		(64	)		(57	)		(682	)		(1,797	)
Transfers for contract benefits and terminations		(363,054	)		(86,520	)		(29,713	)		(106,317	)		(378,644	)		(372,053	)
Loans		(10,495	)		(6,120	)		—			3			93,881			(7,629	)
Cost of insurance and administrative expenses		(241,011	)		(244,176	)		(57,534	)		(55,285	)		(241,370	)		(241,469	)
Transfers between subaccounts (including fixed account), net		(256,499	)		(64,388	)		18,187			3,602			(18,635	)		(25,642	)
Increase (decrease) in net assets from capital transactions		(788,240	)		(316,258	)		(46,155	)		(135,231	)		(392,516	)		(492,320	)
Increase (decrease) in net assets		444,500			1,385,220			297,089			323,935			897,352			815,933
Net assets at beginning of year		7,759,280			6,374,060			2,001,399			1,677,464			6,715,067			5,899,134
Net assets at end of year		$8,203,780			$7,759,280			$2,298,488			$2,001,399			$7,612,419			$6,715,067

Change in units (note 5):
Units purchased		6,432			6,676			797			657			2,685			2,155
Units redeemed		(10,034	)		(8,395	)		(1,428	)		(2,773	)		(6,499	)		(7,583	)
Net increase (decrease) in units from capital transactions with policy owners		(3,602	)		(1,719	)		(631	)		(2,116	)		(3,814	)		(5,428	)

See accompanying notes to financial statements.

F-42

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



Janus Aspen Series (continued)

Janus Henderson Global Research Portfolio — Service Shares						Janus Henderson Global Technology and Innovation Portfolio — Service Shares						Janus Henderson Overseas Portfolio — Institutional Shares						Janus Henderson Overseas Portfolio — Service Shares						Janus Henderson Research Portfolio — Institutional Shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$946			$927			$(12,246	)		$(10,631	)		$17,073			$12,859			$1,802			$1,588			$(74,051	)		$(77,695	)
	27,712			30,881			44,932			80,680			205,355			167,781			17,629			1,747			594,929			409,752
	44,776			83,324			222,980			384,335			573,655			(22,025	)		24,363			4,949			308,797			2,027,676
	67,954			22,755			186,399			—			—			—			—			—			727,729			259,915
	141,388			137,887			442,065			454,384			796,083			158,615			43,794			8,284			1,557,404			2,619,648


	14,801			14,749			24,296			21,699			59,289			64,672			(146	)		146			109,323			118,355
	(204	)		(130	)		(355	)		(626	)		(1,155	)		(1,963	)		(225	)		(211	)		(4,165	)		(13,457	)
	(28,699	)		(52,499	)		(18,885	)		(63,788	)		(158,914	)		(147,427	)		—			(511	)		(837,783	)		(371,221	)
	(10,688	)		(54	)		11,513			(6,066	)		4,644			690			—			—			16,429			11,859
	(17,099	)		(14,599	)		(53,035	)		(48,689	)		(85,772	)		(84,806	)		(5,413	)		(5,018	)		(258,719	)		(252,914	)
	17,828			16,822			21,942			1,933			8,486			(44,834	)		224			(3	)		(37,985	)		(155,803	)
	(24,061	)		(35,711	)		(14,524	)		(95,537	)		(173,422	)		(213,668	)		(5,560	)		(5,597	)		(1,012,900	)		(663,181	)
	117,327			102,176			427,541			358,847			622,661			(55,053	)		38,234			2,687			544,504			1,956,467
	739,164			636,988			1,852,964			1,494,117			3,024,902			3,079,955			158,926			156,239			9,898,931			7,942,464
	$856,491			$739,164			$2,280,505			$1,852,964			$3,647,563			$3,024,902			$197,160			$158,926			$10,443,435			$9,898,931


	1,780			1,962			2,900			4,100			13,511			12,287			2,377			13			2,911			3,429
	(2,848	)		(3,504	)		(3,192	)		(6,191	)		(16,027	)		(15,927	)		(2,589	)		(241	)		(9,579	)		(8,490	)
	(1,068	)		(1,542	)		(292	)		(2,091	)		(2,516	)		(3,640	)		(212	)		(228	)		(6,668	)		(5,061	)

See accompanying notes to financial statements.

F-43

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	Janus Aspen Series (continued)												Legg Mason Partners Variable Equity Trust

	Janus Henderson Research Portfolio — Service Shares						ClearBridge Variable Dividend Strategy Portfolio — Class I						ClearBridge Variable Dividend Strategy Portfolio — Class II

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$(2,233	)		$(2,456	)		$10,767			$3,459			$342			$112
Net realized gain (loss) on investments		8,307			17,640			(90	)		11,037			80			97
Change in unrealized appreciation (depreciation) on investments		35,419			99,218			(37,597	)		18,905			(1,210	)		685
Capital gain distributions		40,562			13,437			125,824			104,739			3,844			2,705
Increase (decrease) in net assets from operations		82,055			127,839			98,904			138,140			3,056			3,599

From capital transactions (note 4):
Net premiums		7,060			6,506			14,949			14,843			290			290
Loan interest		—			(86	)		(4,950	)		(5,026	)		—			—
Transfers for contract benefits and terminations		(12,270	)		(29,303	)		(18	)		(86,195	)		—			—
Loans		—			573			(2,741	)		(4,895	)		—			—
Cost of insurance and administrative expenses		(10,865	)		(9,156	)		(23,241	)		(23,444	)		(361	)		(392	)
Transfers between subaccounts (including fixed account), net		1,210			19,540			(114,300	)		37,290			(2	)		(2	)
Increase (decrease) in net assets from capital transactions		(14,865	)		(11,926	)		(130,301	)		(67,427	)		(73	)		(104	)
Increase (decrease) in net assets		67,190			115,913			(31,397	)		70,713			2,983			3,495
Net assets at beginning of year		500,157			384,244			955,241			884,528			26,222			22,727
Net assets at end of year		$567,347			$500,157			$923,844			$955,241			$29,205			$26,222

Change in units (note 5):
Units purchased		170			769			7,624			7,658			8			8
Units redeemed		(584	)		(1,048	)		(10,909	)		(9,445	)		(9	)		(11	)
Net increase (decrease) in units from capital transactions with policy owners		(414	)		(279	)		(3,285	)		(1,787	)		(1	)		(3	)

See accompanying notes to financial statements.

F-44

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



Legg Mason Partners Variable Equity Trust (continued)												Lincoln Variable Insurance Products Trust						MFS^® Variable Insurance Trust

ClearBridge Variable Growth Portfolio — Class II						ClearBridge Variable Large Cap Value Portfolio — Class I						LVIP American Century Inflation Protection Fund — Service Class						MFS^® Investors Trust Series — Service Class Shares						MFS^® New Discovery Series — Service Class Shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$(488	)		$(54	)		$3,864			$5,088			$12,285			$7,228			$2,627			$1,762			$(3,494	)		$(3,655	)
	(5,569	)		(13,783	)		(18,218	)		7,061			(5,198	)		(2,306	)		7,356			2,409			(21,934	)		(59,041	)
	(9,711	)		(41,507	)		6,588			(78,134	)		4,256			(2,205	)		(164,722	)		44,515			127,379			114,820
	58,964			93,421			81,980			132,752			—			—			221,350			36,500			—			—
	43,196			38,077			74,214			66,767			11,343			2,717			66,611			85,186			101,951			52,124


	3,470			3,712			22,039			23,219			2,176			2,175			1,307			3,660			19,274			18,928
	10			36			(184	)		(809	)		—			—			(34	)		(70	)		111			58
	(1,347	)		(2,674	)		(55,490	)		(81,012	)		(24,736	)		(4,650	)		(27,308	)		—			(56,982	)		(56,830	)
	(3,561	)		(6,837	)		20,133			655			(8,586	)		—			(1,190	)		279			(5,864	)		945
	(5,914	)		(5,554	)		(33,836	)		(40,266	)		(3,383	)		(3,549	)		(7,515	)		(9,407	)		(32,021	)		(32,149	)
	32			(23,190	)		(1,182	)		(16,879	)		(3,381	)		5,743			(217	)		106			1,548			(6,622	)
	(7,310	)		(34,507	)		(48,520	)		(115,092	)		(37,910	)		(281	)		(34,957	)		(5,432	)		(73,934	)		(75,670	)
	35,886			3,570			25,694			(48,325	)		(26,567	)		2,436			31,654			79,754			28,017			(23,546	)
	337,513			333,943			837,800			886,125			199,061			196,625			528,503			448,749			869,393			892,939
	$373,399			$337,513			$863,494			$837,800			$172,494			$199,061			$560,157			$528,503			$897,410			$869,393


	93			82			3,332			2,837			16,883			8,039			44			122			4,562			4,909
	(200	)		(688	)		(5,255	)		(4,576	)		(19,086	)		(8,056	)		(814	)		(244	)		(6,099	)		(6,537	)
	(107	)		(606	)		(1,923	)		(1,739	)		(2,203	)		(17	)		(770	)		(122	)		(1,537	)		(1,628	)

See accompanying notes to financial statements.

F-45

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	MFS^® Variable Insurance Trust (continued)												MFS^® Variable Insurance Trust II

	MFS^® Total Return Series — Service Class Shares						MFS^® Utilities Series — Service Class Shares						MFS^® Massachusetts Investors Growth Stock Portfolio — Service Class Shares

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$20,265			$17,186			$38,398			$31,471			$(3,662	)		$(2,281	)
Net realized gain (loss) on investments		(2,637	)		4,618			129,719			(19,925	)		8,688			3,772
Change in unrealized appreciation (depreciation) on investments		5,567			(5,717	)		51,470			122,808			(75,249	)		58,708
Capital gain distributions		61,635			38,266			22,911			53,689			178,903			105,530
Increase (decrease) in net assets from operations		84,830			54,353			242,498			188,043			108,680			165,729

From capital transactions (note 4):
Net premiums		8,530			8,350			25,312			23,178			7,208			8,041
Loan interest		(7	)		(4	)		(193	)		4			(823	)		(873	)
Transfers for contract benefits and terminations		—			(3,783	)		(306,942	)		(49,476	)		(39,832	)		—
Loans		165			166			1,664			(7,511	)		38			102
Cost of insurance and administrative expenses		(15,833	)		(15,112	)		(42,411	)		(42,871	)		(16,578	)		(17,049	)
Transfers between subaccounts (including fixed account), net		4,060			2,356			(20,032	)		216			(276	)		—
Increase (decrease) in net assets from capital transactions		(3,085	)		(8,027	)		(342,602	)		(76,460	)		(50,263	)		(9,779	)
Increase (decrease) in net assets		81,745			46,326			(100,104	)		111,583			58,417			155,950
Net assets at beginning of year		785,359			739,033			1,865,226			1,753,643			1,220,765			1,064,815
Net assets at end of year		$867,104			$785,359			$1,765,122			$1,865,226			$1,279,182			$1,220,765

Change in units (note 5):
Units purchased		9,187			9,009			40,581			9,448			259			304
Units redeemed		(9,274	)		(9,276	)		(46,485	)		(11,015	)		(1,856	)		(616	)
Net increase (decrease) in units from capital transactions with policy owners		(87	)		(267	)		(5,904	)		(1,567	)		(1,597	)		(312	)

See accompanying notes to financial statements.

F-46

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



PIMCO Variable Insurance Trust

All Asset Portfolio — Advisor Class Shares						High Yield Portfolio — Administrative Class Shares						International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares						Long-Term U.S. Government Portfolio — Administrative Class Shares						Low Duration Portfolio — Administrative Class Shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$13,434			$16,397			$65,615			$68,258			$3,608			$3,835			$38,471			$30,639			$21,776			$21,745
	(8,206	)		(6,359	)		(165	)		(12,769	)		(402	)		(1,104	)		(22,708	)		(109,817	)		(1,939	)		(8,287	)
	33,833			(371	)		25,797			24,676			855			3,151			59,099			(6,173	)		10,888			11,243
	—			—			—			—			—			—			—			—			—			—
	39,061			9,667			91,247			80,165			4,061			5,882			74,862			(85,351	)		30,725			24,701


	2,708			2,708			24,275			21,309			2,588			2,694			23,547			21,748			1,499			98,633
	—			—			148			175			2			7			459			436			—			—
	(4,503	)		—			(49,979	)		(191,682	)		(2,985	)		(10,006	)		(13,159	)		(80,449	)		(1,297	)		(48,537	)
	—			—			(783	)		(1,581	)		(2,896	)		—			551			(180	)		(4,582	)		(7,161	)
	(3,538	)		(3,256	)		(28,482	)		(28,548	)		(2,868	)		(2,781	)		(29,382	)		(28,225	)		(38,652	)		(34,887	)
	18,911			41,808			2,418			(3,463	)		167			97			40,803			65,358			36,616			(18,818	)
	13,578			41,260			(52,403	)		(203,790	)		(5,992	)		(9,989	)		22,819			(21,312	)		(6,416	)		(10,770	)
	52,639			50,927			38,844			(123,625	)		(1,931	)		(4,107	)		97,681			(106,663	)		24,309			13,931
	280,918			229,991			1,100,269			1,223,894			119,563			123,670			1,256,662			1,363,325			596,127			582,196
	$333,557			$280,918			$1,139,113			$1,100,269			$117,632			$119,563			$1,354,343			$1,256,662			$620,436			$596,127


	7,187			3,706			6,183			7,220			241			309			29,118			78,053			2,587			9,642
	(6,707	)		(1,938	)		(7,684	)		(12,478	)		(474	)		(669	)		(28,209	)		(78,570	)		(3,240	)		(9,705	)
	480			1,768			(1,501	)		(5,258	)		(233	)		(360	)		909			(517	)		(653	)		(63	)

See accompanying notes to financial statements.

F-47

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	PIMCO Variable Insurance Trust (continued)						Rydex Variable Trust						State Street Variable Insurance Series Funds, Inc.

	Total Return Portfolio — Administrative Class Shares						NASDAQ — 100^® Fund						Income V.I.S. Fund — Class 1 Shares

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$149,220			$150,656			$(1,744	)		$(504	)		$28,104			$23,708
Net realized gain (loss) on investments		(30,798	)		(125,301	)		92,797			11,170			(18,773	)		(22,235	)
Change in unrealized appreciation (depreciation) on investments		213,275			63,673			17,957			109,764			39,987			(15,527	)
Capital gain distributions		—			—			51,240			12,112			—			—
Increase (decrease) in net assets from operations		331,697			89,028			160,250			132,542			49,318			(14,054	)

From capital transactions (note 4):
Net premiums		89,472			99,013			5,279			5,062			40,197			37,723
Loan interest		1,387			620			(111	)		(184	)		1,117			3,239
Transfers for contract benefits and terminations		(75,398	)		(314,039	)		—			(10,786	)		(41,651	)		(31,746	)
Loans		13,481			22,248			(7,589	)		5,975			29,710			1,083
Cost of insurance and administrative expenses		(181,728	)		(191,020	)		(13,567	)		(11,676	)		(63,427	)		(58,455	)
Transfers between subaccounts (including fixed account), net		1,324			45,086			45,004			18,562			16,752			35,197
Increase (decrease) in net assets from capital transactions		(151,462	)		(338,092	)		29,016			6,953			(17,302	)		(12,959	)
Increase (decrease) in net assets		180,235			(249,064	)		189,266			139,495			32,016			(27,013	)
Net assets at beginning of year		4,038,334			4,287,398			708,213			568,718			930,814			957,827
Net assets at end of year		$4,218,569			$4,038,334			$897,479			$708,213			$962,830			$930,814

Change in units (note 5):
Units purchased		33,345			71,616			5,030			688			11,319			8,409
Units redeemed		(39,744	)		(86,091	)		(4,191	)		(632	)		(11,758	)		(9,184	)
Net increase (decrease) in units from capital transactions with policy owners		(6,399	)		(14,475	)		839			56			(439	)		(775	)

See accompanying notes to financial statements.

F-48

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



State Street Variable Insurance Series Funds, Inc. (continued)

Premier Growth Equity V.I.S. Fund — Class 1 Shares						Real Estate Securities V.I.S. Fund — Class 1 Shares						S&P 500^® Index V.I.S. Fund — Class 1 Shares						Small-Cap Equity V.I.S. Fund — Class 1 Shares						Total Return V.I.S. Fund — Class 1 Shares

Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$(24,095	)		$(21,989	)		$11,556			$37,380			$98,728			$165,505			$(14,565	)		$(11,962	)		$67,406			$166,581
	77,941			127,874			(26,599	)		(82,366	)		1,898,570			1,795,199			(73,893	)		(17,145	)		21,641			(177	)
	(115,597	)		71,204			13,118			364,403			1,301,646			2,612,884			(289,255	)		74,528			240,195			271,499
	851,470			854,867			40,724			—			2,682,774			3,146,022			350,149			260,226			147,317			819
	789,719			1,031,956			38,799			319,417			5,981,718			7,719,610			(27,564	)		305,647			476,559			438,722


	69,123			64,494			79,469			79,708			598,266			576,734			58,095			61,760			74,126			75,106
	(4,266	)		(5,393	)		(559	)		(1,064	)		(14,869	)		(16,398	)		(753	)		(865	)		(1,592	)		(2,486	)
	(170,743	)		(150,481	)		(392,581	)		(105,763	)		(4,096,001	)		(2,064,817	)		(216,165	)		(150,919	)		(810,167	)		(601,374	)
	12,251			(5,790	)		23,562			(7,610	)		285,384			(100,990	)		(1,357	)		2,381			3,133			7,170
	(146,634	)		(138,293	)		(135,887	)		(136,789	)		(1,171,342	)		(1,133,310	)		(81,995	)		(101,715	)		(132,349	)		(141,558	)
	(14,346	)		(42,369	)		(17,328	)		(46,772	)		(122,433	)		(369,635	)		17,021			(42,943	)		(28,635	)		(26,636	)
	(254,615	)		(277,832	)		(443,324	)		(218,290	)		(4,520,995	)		(3,108,416	)		(225,154	)		(232,301	)		(895,484	)		(689,778	)
	535,104			754,124			(404,525	)		101,127			1,460,723			4,611,194			(252,718	)		73,346			(418,925	)		(251,056	)
	4,272,977			3,518,853			3,554,445			3,453,318			37,929,717			33,318,523			3,265,829			3,192,483			3,954,926			4,205,982
	$4,808,081			$4,272,977			$3,149,920			$3,554,445			$39,390,440			$37,929,717			$3,013,111			$3,265,829			$3,536,001			$3,954,926


	4,612			4,465			5,066			7,248			10,674			16,468			10,666			11,322			10,856			10,647
	(7,615	)		(8,441	)		(9,835	)		(8,975	)		(35,386	)		(40,084	)		(14,003	)		(15,080	)		(34,208	)		(28,970	)
	(3,003	)		(3,976	)		(4,769	)		(1,727	)		(24,712	)		(23,616	)		(3,337	)		(3,758	)		(23,352	)		(18,323	)

See accompanying notes to financial statements.

F-49

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



	State Street Variable Insurance Series Funds, Inc. (continued)												The Alger Portfolios

	Total Return V.I.S. Fund — Class 3 Shares						U.S. Equity V.I.S. Fund — Class 1 Shares						Alger Large Cap Growth Portfolio — Class I-2 Shares

	Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024

Increase (decrease) in net assets

From operations:
Net investment income (expense)		$10,491			$18,524			$(11,312	)		$(5,885	)		$(45,976	)		$(37,078	)
Net realized gain (loss) on investments		27,460			25,457			42,218			122,935			173,727			59,611
Change in unrealized appreciation (depreciation) on investments		7,980			(422	)		(118,138	)		(111,462	)		640,739			1,522,958
Capital gain distributions		20,558			90			454,807			482,303			679,688			—
Increase (decrease) in net assets from operations		66,489			43,649			367,575			487,891			1,448,178			1,545,491

From capital transactions (note 4):
Net premiums		708			708			47,121			43,331			95,534			117,800
Loan interest		(23	)		(8	)		(1,133	)		(1,333	)		(4,201	)		(2,391	)
Transfers for contract benefits and terminations		(570	)		—			(83,826	)		(222,384	)		(125,240	)		(222,693	)
Loans		46			(2,929	)		(15,715	)		511			3,038			(11,428	)
Cost of insurance and administrative expenses		(6,884	)		(6,326	)		(81,324	)		(79,137	)		(166,741	)		(178,562	)
Transfers between subaccounts (including fixed account), net		(1,408	)		2,692			(68,097	)		82,209			(32,708	)		(56,251	)
Increase (decrease) in net assets from capital transactions		(8,131	)		(5,863	)		(202,974	)		(176,803	)		(230,318	)		(353,525	)
Increase (decrease) in net assets		58,358			37,786			164,601			311,088			1,217,860			1,191,966
Net assets at beginning of year		434,028			396,242			2,450,652			2,139,564			5,091,958			3,899,992
Net assets at end of year		$492,386			$434,028			$2,615,253			$2,450,652			$6,309,818			$5,091,958

Change in units (note 5):
Units purchased		15,190			15,395			6,513			9,183			2,139			2,586
Units redeemed		(15,503	)		(15,656	)		(9,302	)		(12,191	)		(3,904	)		(6,283	)
Net increase (decrease) in units from capital transactions with policy owners		(313	)		(261	)		(2,789	)		(3,008	)		(1,765	)		(3,697	)

See accompanying notes to financial statements.

F-50

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued



The Alger Portfolios (continued)						The Prudential Series Fund

Alger Small Cap Growth Portfolio — Class I-2 Shares						PSF Natural Resources Portfolio — Class II Shares						PSF PGIM Jennison Blend Portfolio — Class II Shares						PSF PGIM Jennison Growth Portfolio — Class II Shares

Year ended December 31, 2025			Year ended December 31, 2024			Period from January 1 to April 11, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024			Year ended December 31, 2025			Year ended December 31, 2024




	$(18,810	)		$(11,503	)		$(1,004	)		$(3,621	)		$(3,419	)		$(525	)		$(757	)		$(742	)
	(126,056	)		(177,367	)		(33,747	)		93,355			127,915			1,805			6,039			7,163
	225,692			353,175			(16,394	)		(61,329	)		104,858			28,136			61,221			110,816
	27,082			—			—			—			—			—			—			—
	107,908			164,305			(51,145	)		28,405			229,354			29,416			66,503			117,237


	68,329			67,057			3,894			13,370			9,376			673			2,444			3,123
	116			(287	)		—			80			(624	)		—			—			—
	(81,471	)		(167,338	)		(44,036	)		(10,433	)		(756	)		—			—			—
	27,336			(3,313	)		—			(36,571	)		782			—			—			—
	(92,978	)		(103,842	)		(3,707	)		(13,715	)		(10,803	)		(1,631	)		(11,842	)		(11,847	)
	(13,497	)		(4,076	)		(698,761	)		35,407			661,652			(24,970	)		3			(13,286	)
	(92,165	)		(211,799	)		(742,610	)		(11,862	)		659,627			(25,928	)		(9,395	)		(22,010	)
	15,743			(47,494	)		(793,755	)		16,543			888,981			3,488			57,108			95,227
	2,344,438			2,391,932			793,755			777,212			142,245			138,757			493,910			398,683
	$2,360,181			$2,344,438			$—			$793,755			$1,031,226			$142,245			$551,018			$493,910


	5,004			4,207			2,039			36,082			225,091			61			21			34
	(7,186	)		(9,124	)		(33,114	)		(36,435	)		(168,517	)		(2,490	)		(96	)		(250	)
	(2,182	)		(4,917	)		(31,075	)		(353	)		56,574			(2,429	)		(75	)		(216	)

See accompanying notes to financial statements.

F-51

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements

December 31, 2025

(1)

Description of Entity

Genworth Life & Annuity VL Separate Account 1 (the “Separate Account”) is a separate investment account established on August 21, 1986 by Genworth Life and Annuity Insurance Company (“GLAIC”), pursuant to the laws of the Commonwealth of Virginia. GLAIC is a stock life insurance company operating under a charter granted by the Commonwealth of Virginia on March 21, 1871. GLAIC is licensed as a life insurer to do business in Bermuda, the District of Columbia and all states except for New York. GLAIC is wholly-owned by Genworth Life Insurance Company, which is wholly-owned by Genworth North America Corporation, which is indirectly wholly-owned by Genworth Financial, Inc.

GLAIC has a 34.5% investment in an affiliate, Genworth Life Insurance Company of New York.

GLAIC’s principal products are life insurance and fixed deferred and immediate annuities. Life insurance products provide protection against financial hardship after the death of an insured. Deferred annuities are investment vehicles intended for policy owners who want to accumulate tax-deferred assets for retirement, desire a tax-efficient source of income and seek to protect against outliving their assets. Immediate annuities provide a fixed amount of income for either a defined number of years, the annuitant’s lifetime or the longer of a defined number of years or the annuitant’s lifetime. In March 2016, GLAIC suspended sales of traditional life insurance and fixed annuity products. GLAIC, however, continues to service its existing retained and reinsured blocks of business.

GLAIC also has other products which have not been actively sold since 2011, but it continues to service its existing blocks of business. Those products include variable annuities, including group variable annuities offered through retirement plans, variable life insurance and funding agreements. Most of its variable annuities include guaranteed minimum death benefits. Some of GLAIC’s group and individual variable annuity products include guaranteed minimum benefit features such as guaranteed minimum withdrawal benefits and certain types of guaranteed annuitization benefits.

The Separate Account has subaccounts that currently invest in series or portfolios (“Portfolios”) of open-end mutual funds (“Funds”). Such Portfolios are not sold directly to the general public. The Portfolios are sold to GLAIC, and they may also be sold to other insurance companies that issue variable annuity contracts and variable life insurance policies, including affiliated insurance companies of GLAIC. In addition, the Portfolios may be sold to qualified pension or retirement plans. GLAIC uses the Separate Account to support flexible premium single life and joint and last survivor variable life insurance policies, as well as flexible premium variable universal life insurance policies (collectively, the “Policies”) issued by GLAIC, as well as other purposes permitted by law.

Currently, there are multiple subaccounts of the Separate Account available under each policy. Each subaccount invests exclusively in shares representing an interest in a separate corresponding Portfolio (a division of a Fund, the assets of which are separate from other Portfolios that may be available in the Fund).

The assets of the Separate Account belong to GLAIC. However, GLAIC does not charge the assets in the Separate Account attributable to the policies with liabilities arising out of any other business that GLAIC may conduct. The assets of the Separate Account will, however, be available to cover the liabilities of GLAIC’s General Account to the extent that the assets of the Separate Account exceed its liabilities arising under the policies supported by it. Income and both realized and unrealized gains or losses from the assets of the Separate Account are credited to or charged against the Separate Account without regard to the income, gains or losses arising out of any other business GLAIC may conduct. Guarantees made under the policies, including any rider options, are based on the claims paying ability of GLAIC to the extent that the amount of the guarantee exceeds the assets available in the Separate Account.

The Separate Account is registered with the U.S. Securities and Exchange Commission (“SEC”) as a unit investment trust under the Investment Company Act of 1940, as amended. The Separate Account meets the definition of a separate account under the Federal securities laws. Registration with the SEC does not involve supervision of the management or investment practices or policies of the Separate Account by the SEC. Policy owners assume the full investment risk for amounts allocated by policyholders to the Separate Account.

F-52

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

During the years ended December 31, 2025 and 2024, the following Portfolio names were changed:


Prior Portfolio Name	Current Portfolio Name	Effective Date
Columbia Funds Variable Series Trust II — CTIVP^® — Principal Blue Chip Growth Fund — Class 1	Columbia Funds Variable Series Trust II — CTIVP^® — Principal Large Cap Growth Fund — Class 1	May 30, 2025
Fidelity^® Variable Insurance Products Fund — VIP Asset Manager Portfolio — Initial Class	Fidelity^® Variable Insurance Products Fund — VIP Asset Manager 50% Portfolio — Initial Class	April 30, 2025
Fidelity^® Variable Insurance Products Fund — VIP Asset Manager Portfolio — Service Class 2	Fidelity^® Variable Insurance Products Fund — VIP Asset Manager 50% Portfolio — Service Class 2	April 30, 2025
AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Capital Appreciation Fund — Series I shares	AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Discovery Large Cap Fund — Series I shares	April 29, 2025
AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Capital Appreciation Fund — Series II shares	AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Discovery Large Cap Fund — Series II Shares	April 29, 2025
Legg Mason Partners Variable Equity Trust — ClearBridge Variable Aggressive Growth Portfolio — Class II	Legg Mason Partners Variable Equity Trust — ClearBridge Variable Growth Portfolio — Class II	April 29, 2024
American Century Variable Portfolios II, Inc. — VP Inflation Protection Fund — Class II	Lincoln Variable Insurance Products Trust — LVIP American Century Inflation Protection Fund — Service Class	April 26, 2024

During the years ended December 31, 2025 and 2024, the following Portfolio(s) were liquidated, and the Portfolio assets were reinvested in new Portfolio(s):


Liquidated Portfolio	Reinvested Portfolio	Inception Date
The Prudential Series Fund — PSF Natural Resources Portfolio — Class II Shares	The Prudential Series Fund — PSF PGIM Jennison Blend Portfolio — Class II Shares	April 11, 2025
AIM Variable Insurance Funds (Invesco Variable Insurance Funds) – Invesco V.I. Conservative Balanced Fund — Series I shares	AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Equity and Income Fund — Series I shares	April 26, 2024
AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Conservative Balanced Fund — Series II shares	AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Equity and Income Fund — Series II shares	April 26, 2024

All designated Portfolios listed above are series type mutual funds.

(2)

Summary of Significant Accounting Policies

(a) Basis of Presentation

These financial statements have been prepared on the basis of U.S. generally accepted accounting principles (“U.S. GAAP”). Preparing financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts and disclosures reported therein. Actual results could differ from those estimates. The Separate Account is an investment company and follows accounting and reporting guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies.

F-53

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

(b) Investments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Separate Account, generally, uses a market approach as the valuation technique due to the nature of the mutual fund investments offered in the Separate Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs. Investments in mutual funds are valued at the mutual fund’s closing net asset value per share on the day of valuation.

Valuation Inputs: Various inputs are used to determine the value of the mutual fund’s investments. These inputs are summarized in the three broad levels listed below:

•

Level 1 — quoted prices in active markets for identical securities;

•

Level 2 — observable inputs other than Level 1 quoted prices (including, but not limited to, quoted prices for similar securities, interest rates, prepayment speeds and credit risk); and

•

Level 3 — unobservable inputs.

The investments of the Separate Accounts are measured at fair value on a recurring basis. All investments are categorized as Level 1 as of December 31, 2025 and there were no transfers between the levels during 2025.

Purchases and redemptions of investments in mutual funds are recorded on the Valuation Day the request for the purchase or redemption is received. A Valuation Day is any day that the New York Stock Exchange is open for regular trading, except for days on which a Portfolio does not value its shares. Income distributions, and gains from realized gain distributions, are recorded on the ex-dividend date. Realized gains and losses on investments are determined on the average cost basis. Units and unit values are disclosed as of the last Valuation Day of the applicable year or period.

(c) Unit Classes

There are six unit classes of subaccounts based on the life policy through which the subaccounts are offered. An indefinite number of units in each unit class is authorized. Each unit class has its own expense structure as noted in note (4)(a) below. On May 1, 2008, GLAIC discontinued all new sales of variable life insurance policies, but it continues to service existing blocks of business. Although the policies are no longer available for sale, additional premium payments may still be accepted under the terms of the policies.

(d) Federal Income Taxes

The operations of the Separate Account are a part of, and taxed with, the operations of GLAIC. Therefore, the Separate Account is not separately taxed as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). Under existing federal income tax laws, investment income and capital gains of the Separate Account are not taxed. Accordingly, the Separate Account paid no federal income taxes and no federal income tax payment was required. GLAIC is taxed as a life insurance company under the Code.

(e) Segment Reporting

An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by a public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The subaccounts within the Separate Account apply the guidance in Topic 280, Segment Reporting, which impacts financial statement disclosures only and does not affect the financial position or results of operations of the subaccounts of the Separate Account. The subaccounts have acted as single reportable segments, and the CODM of the subaccounts within the Separate Account is the Variable Product Portfolio

F-54

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

Manager. The Separate Account is structured with a limited purpose by design, and its sole purpose is to record and report the invested funds and activities and performance chosen by contract/policy holders. Investment performance of funds may vary based on the underlying fund’s investment objectives specified in the fund prospectuses. Significant revenues and expenses are reported on the Statements of Changes in Net Assets and are reviewed by the CODM. The accounting policies of the segment are the same as those described in the summary of significant accounting policies herein.

(f) Subsequent Events

No material subsequent events have occurred since December 31, 2025 through April 23, 2026, the date the financial statements were available to be issued, that would require adjustment to the financial statements.

(3)

Purchases and Sales of Investments

The aggregate cost of the investments acquired, and the aggregate proceeds of investments sold, for the year ended December 31, 2025 were:


Fund/Portfolio	Cost of Shares Acquired		Proceeds from Shares Sold
AB Variable Products Series Fund, Inc.
AB VPS International Value Portfolio — Class B	$	271,234	$	271,614
AB VPS Large Cap Growth Portfolio — Class B		191,423		115,628
AB VPS Relative Value Portfolio — Class B		1,266,901		924,403
AB VPS Small Cap Growth Portfolio — Class B		3,790		8,945
AB VPS Sustainable Global Thematic Portfolio — Class B		49,661		27,426
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
Invesco V.I. American Franchise Fund — Series I shares		182,390		123,290
Invesco V.I. American Franchise Fund — Series II shares		41,551		10,487
Invesco V.I. American Value Fund — Series II shares		170,492		66,010
Invesco V.I. Comstock Fund — Series II shares		156,498		111,093
Invesco V.I. Core Equity Fund — Series I shares		135,274		181,538
Invesco V.I. Core Plus Bond Fund — Series I shares		724,282		553,884
Invesco V.I. Discovery Large Cap Fund — Series I shares		1,015,924		655,367
Invesco V.I. Discovery Large Cap Fund — Series II Shares		159,671		90,584
Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares		753,218		575,947
Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares		29,843		7,012
Invesco V.I. EQV International Equity Fund — Series II shares		176,838		126,887
Invesco V.I. Equity and Income Fund — Series I shares		181,738		140,493
Invesco V.I. Equity and Income Fund — Series II shares		41,419		13,979
Invesco V.I. Global Fund — Series II shares		2,356,590		1,997,219
Invesco V.I. Global Strategic Income Fund — Series I shares		225,200		211,927
Invesco V.I. Main Street Fund^® — Series II shares		184,986		177,267
Invesco V.I. Main Street Small Cap Fund^® — Series II shares		358,892		281,107
Allspring Variable Trust
Allspring VT Discovery All Cap Growth Fund — Class 2		103,315		4,337
BNY Mellon
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares		22,592		78,763
BlackRock Variable Series Funds, Inc.
BlackRock Advantage SMID Cap V.I. Fund — Class III Shares		32,390		12,186
BlackRock Basic Value V.I. Fund — Class III Shares		43,529		10,924
BlackRock Global Allocation V.I. Fund — Class III Shares		728,387		127,020
BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares		166,100		18,263

F-55

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


Fund/Portfolio	Cost of Shares Acquired		Proceeds from Shares Sold
Columbia Funds Variable Series Trust II
CTIVP^® — Principal Large Cap Growth Fund — Class 1	$	9,400	$	128,698
Columbia Variable Portfolio — Overseas Core Fund — Class 2		177,160		219,313
Eaton Vance Variable Trust
VT Floating-Rate Income Fund		268,107		259,370
Federated Hermes Insurance Series
Federated Hermes High Income Bond Fund II — Primary Shares		107,295		142,512
Federated Hermes High Income Bond Fund II — Service Shares		408,566		399,059
Federated Hermes Kaufmann Fund II — Service Shares		347,330		343,783
Federated Hermes Managed Volatility Fund II — Primary Shares		78,501		87,205
Fidelity^® Variable Insurance Products Fund
VIP Asset Manager 50% Portfolio — Initial Class		579,815		577,607
VIP Asset Manager 50% Portfolio — Service Class 2		18,673		6,715
VIP Balanced Portfolio — Service Class 2		94,556		65,377
VIP Contrafund^® Portfolio — Initial Class		4,826,367		3,045,459
VIP Contrafund^® Portfolio — Service Class 2		3,754,845		3,308,250
VIP Dynamic Capital Appreciation Portfolio — Service Class 2		636,897		585,385
VIP Equity-Income Portfolio^SM — Initial Class		1,449,770		1,408,216
VIP Equity-Income Portfolio^SM — Service Class 2		263,758		261,216
VIP Growth & Income Portfolio — Initial Class		686,810		516,503
VIP Growth & Income Portfolio — Service Class 2		211,324		305,393
VIP Growth Opportunities Portfolio — Initial Class		1,640,248		2,001,329
VIP Growth Portfolio — Initial Class		4,997,498		3,413,413
VIP Growth Portfolio — Service Class 2		817,181		1,081,247
VIP Mid Cap Portfolio — Service Class 2		2,320,494		2,261,460
VIP Overseas Portfolio — Initial Class		1,529,468		1,260,562
VIP Value Strategies Portfolio — Service Class 2		222,193		228,833
Franklin Templeton Variable Insurance Products Trust
Franklin Income VIP Fund — Class 2 Shares		203,988		204,882
Franklin Mutual Shares VIP Fund — Class 2 Shares		151,028		107,317
Templeton Foreign VIP Fund — Class 1 Shares		305,804		309,456
Templeton Global Bond VIP Fund — Class 1 Shares		96,099		105,652
Templeton Growth VIP Fund — Class 2 Shares		43,533		36,159
Goldman Sachs Variable Insurance Trust
Goldman Sachs Government Money Market Fund — Service Shares		5,079,720		4,565,707
Goldman Sachs Large Cap Value Fund — Institutional Shares		666,985		490,523
Goldman Sachs Mid Cap Value Fund — Institutional Shares		1,297,208		1,037,433
Janus Aspen Series
Janus Henderson Balanced Portfolio — Institutional Shares		1,146,990		1,056,577
Janus Henderson Balanced Portfolio — Service Shares		991,124		1,014,773
Janus Henderson Enterprise Portfolio — Institutional Shares		1,304,912		973,823
Janus Henderson Enterprise Portfolio — Service Shares		132,887		55,395
Janus Henderson Flexible Bond Portfolio — Institutional Shares		581,241		450,742
Janus Henderson Forty Portfolio — Institutional Shares		2,469,884		2,382,753
Janus Henderson Forty Portfolio — Service Shares		342,105		113,195
Janus Henderson Global Research Portfolio — Institutional Shares		936,395		730,864

F-56

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


Fund/Portfolio	Cost of Shares Acquired		Proceeds from Shares Sold
Janus Henderson Global Research Portfolio — Service Shares	$	123,731	$	78,731
Janus Henderson Global Technology and Innovation Portfolio — Service Shares		333,491		173,857
Janus Henderson Overseas Portfolio — Institutional Shares		1,117,936		1,274,431
Janus Henderson Overseas Portfolio — Service Shares		64,255		68,014
Janus Henderson Research Portfolio — Institutional Shares		1,215,000		1,575,279
Janus Henderson Research Portfolio — Service Shares		48,514		25,040
Legg Mason Partners Variable Equity Trust
ClearBridge Variable Dividend Strategy Portfolio — Class I		464,294		458,011
ClearBridge Variable Dividend Strategy Portfolio — Class II		4,679		563
ClearBridge Variable Growth Portfolio — Class II		64,379		13,213
ClearBridge Variable Large Cap Value Portfolio — Class I		299,251		261,671
Lincoln Variable Insurance Products Trust
LVIP American Century Inflation Protection Fund — Service Class		303,142		328,765
MFS^® Variable Insurance Trust
MFS^® Investors Trust Series — Service Class Shares		226,459		37,440
MFS^® New Discovery Series — Service Class Shares		211,657		289,123
MFS^® Total Return Series — Service Class Shares		393,279		314,484
MFS^® Utilities Series — Service Class Shares		2,127,933		2,409,031
MFS^® Variable Insurance Trust II
MFS^® Massachusetts Investors Growth Stock Portfolio — Service Class Shares		187,325		62,341
PIMCO Variable Insurance Trust
All Asset Portfolio — Advisor Class Shares		202,978		175,968
High Yield Portfolio — Administrative Class Shares		281,702		268,566
International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares		10,492		12,813
Long-Term U.S. Government Portfolio — Administrative Class Shares		795,486		734,609
Low Duration Portfolio — Administrative Class Shares		66,431		51,214
Total Return Portfolio — Administrative Class Shares		940,254		940,338
Rydex Variable Trust
NASDAQ — 100^® Fund		312,609		234,105
State Street Variable Insurance Series Funds, Inc.
Income V.I.S. Fund — Class 1 Shares		236,564		225,326
Premier Growth Equity V.I.S. Fund — Class 1 Shares		1,250,008		677,035
Real Estate Securities V.I.S. Fund — Class 1 Shares		784,903		1,175,818
S&P 500^® Index V.I.S. Fund — Class 1 Shares		6,081,443		7,824,435
Small-Cap Equity V.I.S. Fund — Class 1 Shares		999,940		889,670
Total Return V.I.S. Fund — Class 1 Shares		882,384		1,563,366
Total Return V.I.S. Fund — Class 3 Shares		429,483		406,565
U.S. Equity V.I.S. Fund — Class 1 Shares		952,185		711,433
The Alger Portfolios
Alger Large Cap Growth Portfolio — Class I-2 Shares		965,843		562,907
Alger Small Cap Growth Portfolio — Class I-2 Shares		250,917		334,889
The Prudential Series Fund
PSF Natural Resources Portfolio — Class II Shares		55,932		799,568
PSF PGIM Jennison Blend Portfolio — Class II Shares		2,919,097		2,262,878
PSF PGIM Jennison Growth Portfolio — Class II Shares		2,449		12,601

F-57

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

(4)

Related Party Transactions

(a) GLAIC

Type I Units (Policy Forms P1096 and P1251)

Net premium payments transferred from GLAIC to the Separate Account represent gross premium payments recorded by GLAIC on its flexible premium variable universal life insurance policies and flexible premium joint and last survivor variable life insurance policies less deductions. For Policy P1251, deductions from premium depended upon the initial specified amount. If the initial specified amount was $500,000 or more, a current deduction of 3.5% premium charge (5% maximum) was assessed from each premium payment before the premium is allocated to the subaccounts. If the initial specified amount is at least $250,000 but less than $500,000, a current deduction of 6.5% premium charge (8% maximum) was assessed. For Policy P1096, a premium charge of 7.5% from each premium payment is assessed before the premium is allocated to the subaccounts.

Policy P1251 assesses a minimum surrender charge of $12.00 per $1,000 of specified amount and a maximum of $60.00 per $1,000 of specified amount if the policy is surrendered during the first 16 years of the policy or 16 years after an increase in specified amount. A surrender charge would also apply if the specified amount were decreased at a time when surrender would otherwise be assessed. For Policy P1096, a minimum surrender charge of $2.50 per $1,000 of specified amount and a maximum of $7.50 per $1,000 of specified amount not to exceed $500 is assessed if the policy is surrendered during policy years 1 through 9. Policy P1096 also assesses a fee for increases in specified amount. This fee will never be lower than $1.50 per $1,000 of specified amount and never higher than $300.

A mortality and expense risk charge is deducted daily from the assets in the subaccounts attributable to the policies equal to an effective annual rate of 0.70% of the average daily net assets of the Separate Account. This charge is for the mortality and expense risks that GLAIC assumes.

A monthly deduction is made on the policy date and on each monthly anniversary date from the policy assets. The monthly deduction for policy P1251 consists of a cost of insurance charge that varies based upon the Insured’s gender, issue age, risk class and the year of coverage, a policy charge of $5, an expense charge of up to $0.20 per $1,000 of specified amount, and any charges for additional benefits added by riders to the policy. The monthly deduction for Policy P1096 consists of a cost of insurance charge that varies based upon the Insured’s gender, issue age, risk class and the year of coverage, a current monthly administrative charge of $12 and any charges for additional benefits added by riders to the policy.

Policy P1096 assesses a deferred sales charge during policy years 2 through 10 of 45% of the premiums paid on specified amount (of less than $250,000) during the first policy year. This charge is reduced to 40% of the premiums paid on specified amount of $250,000 or more. The policy also assesses a net loan charge at an annualized rate of 2.0% for non-preferred loans. There are no charges for Policy P1096 for preferred loans after year 11. For Policy P1251, there is a net loan charge of 2.0% for non-preferred loans and no charge for preferred loans in all years.

A partial surrender-processing fee of the lesser of $25 or 2% of the amount surrendered is assessed on all partial surrenders.

A transfer charge of $10 is assessed for each transfer among subaccounts after the first transfer made in any calendar month.

Type II Units (Policy Forms P1250 and P1250CR)

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium variable universal life insurance policies less deductions. For Policy P1250, a 3% charge from each premium (5% maximum) is assessed before it is allocated to the subaccounts. For Policy P1250CR, an 8% charge from each premium (10% maximum) is assessed before it is allocated to the subaccounts.

F-58

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

A monthly deduction is made on the policy date and on each monthly anniversary date from the policy assets. The monthly deduction consists of a cost of insurance charge which varies based upon the Insured’s gender, issue age, risk class and the year of coverage, a policy charge of $12 (Policy P1250) in the first policy year ($15 for Policy P1250CR) and $12 per month thereafter, and any charges for additional benefits added by riders to the policy. If an increase in specified amount becomes effective, there will be a one-time charge (per increase) of $1.50 per $1,000 of increase included in the monthly deduction (not to exceed $300 per increase).

There will be a surrender charge if the policy is surrendered during the surrender period. The surrender charge is calculated by multiplying the surrender charge factors times the specified amount, divided by $1,000. That amount is then varied by issue age, gender (where applicable) and rating class of each Insured and by the number of months since the policy date. The surrender charge remains level for the first five policy years and then decreases uniformly each policy month to zero over the next 10 policy years or until the Insured attains age 95, whichever is earlier. For Policy P1250, the surrender charge is guaranteed not to exceed $50.63 per $1,000 of specified amount. For Policy P1250CR, the surrender charge is guaranteed not to exceed $51.36 per $1,000 of specified amount.

A partial surrender processing fee of the lesser of $25 or 2% of the amount surrendered is assessed on all partial surrenders.

A transfer charge of $10 is assessed for each transfer among subaccounts after the first transfer made in any calendar month (Policy P1250CR). Policies issued on Policy Form P1250 and marketed under the name of Protection Plus do not assess a transfer charge but reserve the right to impose a charge of up to $10 after the first transfer made in any calendar month. Policy P1250 or P1250CR assesses a maximum net loan charge at an annualized rate of 2.0% for non-preferred loans in all policy years. There is no charge for preferred loans in policy years 11 and after for Policy P1250 (there is a maximum charge of 2.0% for preferred loans in policy years 11 and after for Policy P1250CR).

Type III Units (Policy Forms P1258 and P1259)

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium single life and joint and last survivor variable life insurance policies less deductions. A 5% charge from each premium (7.5% maximum) is assessed before it is allocated to the subaccounts. This charge is not assessed against the policy loan portion of a premium received from the rollover of a life insurance policy.

A mortality and expense risk charge is deducted monthly from the policy assets. This charge is for the mortality and expense risks that GLAIC assumes. This charge is equal to an effective annual rate of 0.40% of the first $50,000 of the policy’s unloaned assets in the subaccounts (0.40% of the first $100,000 of unloaned assets in the subaccounts for a joint and last survivor policy). During the first 20 policy years, a mortality and expense risk charge at an annual effective rate of 0.05% of the policy’s unloaned assets in the subaccounts over $50,000 ($100,000 for a joint and last survivor policy) is also assessed. Beginning with policy year 21, GLAIC does not deduct a mortality and expense risk charge for the policy’s unloaned assets in the subaccounts over $50,000 ($100,000 for a joint and last survivor policy).

A monthly deduction is made on the policy date and on each monthly anniversary date from the policy assets. The monthly deduction consists of a cost of insurance charge which varies based upon the Insured’s gender, issue age, risk class and the year of coverage, the mortality and expense risk charge (discussed above), a policy charge of $10, a maximum monthly expense charge of $0.20 per $1,000 (a maximum of $0.83 per $1,000) of specified amount for the first 10 policy years and the first 10 policy years after an increase in specified amount and any charges for additional benefits added by riders to the policy.

F-59

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

There will be a surrender charge if the policy is surrendered during the first 10 policy years or 10 years after an increase in specified amount. The maximum surrender charge assessed is $37.19 per $1,000 of specified amount. This charge is calculated by multiplying a factor times the lowest specified amount in effect before the surrender, divided by 1,000. The factor depends on the issue age and gender (where applicable) of the Insured. For a joint and last survivor policy, the factor depends on the issue age, gender (where applicable) and risk class of both Insureds. The surrender charge remains level for the first five policy years and then decreases each policy month to zero over the next five policy years.

GLAIC reserves the right to assess a maximum partial surrender fee of the lesser of $25 or 2%, of the amount surrendered. Currently, this partial surrender processing fee is not assessed.

Certain policy owners may elect to allocate assets to a Guarantee Account that is part of the general account of GLAIC. Amounts allocated to the Guarantee Account earn interest at the interest rate in effect at the time of such allocation or transfer. The interest rate remains in effect for a guaranteed period of time, after which a new rate may be declared. Policy owners may transfer amounts from the Guarantee Account to the subaccounts of the Separate Account and in certain instances transfer amounts from the subaccounts of the Separate Account to the Guarantee Account.

A loan charge of 0.15% of the net annualized rate is assessed on all loans taken in policy years 1 through 5 and no charge is assessed in policy years 6 and after. The maximum charge of 0.40% of the net annualized rate in policy years 1 through 10 may be assessed with zero thereafter.

Currently, there is no transfer fee, but GLAIC reserves the right to assess $20 per transfer for any transfer made after the 12^th transfer in a calendar year.

Type IV Units (Policy Form P1095)

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium variable life insurance policies, less deductions retained as compensation for certain distribution expenses and premium taxes. A premium charge of 8.5% is assessed with each premium payment in which 6.0% is deducted as compensation to GLAIC for sales and distribution expenses and 2.5% is deducted for premium taxes.

A mortality and expense risk charge is deducted daily from the policy owner assets in the subaccounts. This charge is for the mortality and expense risks that GLAIC assumes. This charge is equal to 0.50% of the value of the unloaned assets in the subaccounts.

A loan charge at a net annualized rate of 4.0% is assessed on all loans taken. A cost of insurance charge is deducted monthly. The cost of insurance varies based on the amount of insurance, death benefit option elected, the policy’s cash value, policy duration, as well as the gender, issue age, policy and risk class of the Insured. The minimum cost of insurance charge is equal to $0.09 per $1,000 net amount at risk. The maximum charge is $35.46 per $1,000 of net amount at risk. GLAIC also charges for any benefits added by a rider. A charge equal to the lesser of $25 or 2% of the cash value surrendered is assessed on all partial surrenders.

A transfer charge of $10 is assessed for each transfer after the first in a calendar year.

Type V Units (Policy Form P1097)

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium variable life insurance policies, less deductions. For 10 years after each premium payment, GLAIC deducts a monthly premium tax charge equal to an annual rate of 0.20% of the portion of the cash value in the Separate Account attributable to each premium payment and a monthly distribution expense charge equal to an annual rate of 0.30% of that portion of the cash value in the Separate Account attributable to each premium payment.

F-60

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

A mortality and expense risk charge is deducted daily from the assets allocated to the subaccounts available to the policies equal to an effective annual rate of 0.90% of the average daily unloaned net assets in the Separate Account. This charge is for the mortality and expense risks that GLAIC assumes. In addition, an administrative expense is deducted daily from the assets allocated to the subaccounts available to the policies equal to an effective annual rate of 0.40% of the average daily unloaned net assets in the Separate Account.

A cost of insurance charge is deducted monthly. The cost of insurance charge depends on a number of factors such as the age, gender, policy duration and risk class of the Insured. Currently, the minimum cost of insurance charge is 0.55% of the policy’s cash value in the Separate Account; the maximum cost of insurance charge is $83.33 per $1,000 of specified amount.

There will be a surrender charge if the policy is surrendered within 10 years of a premium payment. The total surrender charge will equal the sum of the surrender charge attributable to the premium payments made under the policy before the surrender. The maximum surrender charge is 6% of premium payments for the first 4 years of the premium payment and then declines by 1% each year thereafter until reaching no charge after year 10.

A partial surrender processing fee of the lesser of $25 or 2% of the amount surrendered is assessed on all partial surrenders.

A transfer charge of $10 is assessed for each transfer among subaccounts after the first transfer made in any calendar month.

There is a net loan charge assessed for loans taken under the policy. If assessed, the charge is assessed monthly until the loan is repaid in full. Currently there is a net annualized charge of 2.0% on all non-preferred loans. There is no charge on preferred loans; however, GLAIC reserves the right to assess a charge of 2.0% on preferred loans.

Type VI Units (Policy Forms P1254 and P1255)

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium single life and joint and last survivor variable insurance policies less deductions. For 10 years after each premium payment, GLAIC deducts a monthly premium tax recovery charge equal to an annualized rate of 0.20% of the portion of the assets in the Separate Account attributable to each premium payment and a monthly distribution expense charge equal to an annualized rate of 0.30% of that portion of the assets in the Separate Account attributable to each premium payment.

A mortality and expense risk charge is deducted monthly from the assets in the subaccounts attributable to the policies equal to an annualized rate of 0.70% of the average daily unloaned net assets during the first 10 policy years and an annualized rate of 0.35% thereafter. This charge is for the mortality and expense risks that GLAIC assumes. In addition, an administrative expense is deducted monthly from the policy value. Currently, the minimum administration expense charge is a minimum of $8.00 per month. The maximum amount charged is guaranteed to not exceed an annualized rate of 0.40% of the amount of account value at the time the charge is assessed.

A cost of insurance charge is deducted monthly. For a single life policy, the current effective annual rate of this charge is 0.05% of the account value (maximum of $83.33 per $1,000 of net amount at risk). For a joint and last survivor policy, the current effective annual rate of the charge is 0.03% of the account value (maximum of $83.33 per $1,000 of net amount at risk).

There will be a surrender charge if the policy is surrendered within 7 years of a premium payment. The total surrender charge will equal the sum of the surrender charge attributable to the premium payment made under the policy before the surrender. The maximum surrender charge is 6% of the initial premium payment and decreases to zero in year 7.

F-61

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

A partial surrender processing fee of the lesser of $25 or 2% of the amount surrendered is assessed on all partial surrenders. Partial surrenders are not permitted if the partial surrender would reduce the account value below $25,000.

Currently a charge is not assessed for transfers among subaccounts. GLAIC has reserved the right to assess a $10 transfer charge for each transfer.

There is a net loan charge assessed for all loans taken under the policy. Currently, there is a charge of a net annualized rate of 2.0% on all non-preferred loans and preferred loans taken in the first policy year. There is no charge for preferred loans taken after the first policy year.

GLAIC also assesses a one-time charge of $250, if a policy owner elects the Accelerated Benefit Rider.

Nature of Charges Assessed

The mortality and expense risk and administrative charges that are deducted daily from the applicable policy types listed above are assessed through a reduction in unit values. The cost of insurance, surrender charges, monthly or annual administrative charges and monthly deduction of mortality and risk charges, are assessed through the redemption of units.

(b) Accrued Expenses Payable to Affiliate

Charges and deductions made under the policies for services and benefits unpaid at year-end are accrued and payable to GLAIC.

(c) Capital Brokerage Corporation

Capital Brokerage Corporation (“CBC”), an affiliate of GLAIC, is a Washington corporation registered with the SEC under the Securities Exchange Act of 1934 as a broker-dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”). CBC serves as the distributor and principal underwriter for variable annuity contracts, variable life insurance policies and certain guaranteed income annuity contracts issued by GLAIC. GLAIC pays commissions and other marketing related expenses to CBC. Certain officers and directors of GLAIC are also officers and directors of CBC.

(5)

Capital Transactions

All dividends and capital gain distributions of the Portfolios are automatically reinvested in shares of the distributing Portfolios at their net asset value on the date of distribution. In other words, Portfolio dividends or Portfolio distributions are not paid to policy owners as additional units, but instead are reflected in unit values.

The increase (decrease) in outstanding units and amounts by subaccount from capital transactions for the years or lesser periods ended December 31, 2025 and 2024 are reflected in the Statements of Changes in Net Assets.

(6)

Financial Highlights

GLAIC’s variable life insurance products have unique combinations of features and fees that are assessed to the policy owner. Differences in fee structures result in a variety of policy expense rates, unit values, and total returns. A summary by subaccount of the outstanding units, unit values, net assets, expense ratios, investment income ratios and total return ratios for the years or lesser periods ended December 31, 2025, 2024, 2023, 2022, and 2021 follows. This information is presented as a range of based upon product grouping. Expenses as a percent of average net assets are presented as a range of lowest to highest

F-62

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

policy expense rate. The unit value and total return ranges are presented to correlate to the respective expense rate. Accordingly, some individual policy amounts may not be within the ranges presented due to the timing of the introduction of new funds.


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
AB Variable Products Series Fund, Inc.
AB VPS International Value Portfolio — Class B
2025		0.00% to 0.70%		48,333		23.04 to 19.86		1,034		2.35%		41.27% to 40.29%
2024		0.00% to 0.70%		49,329		16.31 to 14.16		750		2.33%		4.81% to 4.07%
2023		0.00% to 0.70%		50,731		15.56 to 13.60		739		0.66%		14.83% to 14.03%
2022		0.00% to 0.70%		62,300		13.55 to 11.93		785		4.10%		(13.79)% to (14.40)%
2021		0.00% to 0.70%		65,277		15.72 to 13.94		961		1.71%		10.85% to 10.08%
AB VPS Large Cap Growth Portfolio — Class B
2025		0.00% to 0.70%		22,962		102.78 to 54.83		1,367		0.00%		12.85% to 12.06%
2024		0.00% to 0.70%		23,826		91.07 to 48.93		1,261		0.00%		24.95% to 24.07%
2023		0.00% to 0.70%		23,877		72.89 to 39.44		1,017		0.00%		34.79% to 33.85%
2022		0.00% to 0.70%		24,471		54.07 to 29.46		776		0.00%		(28.69)% to (29.19)%
2021		0.00% to 0.70%		26,390		75.83 to 41.61		1,188		0.00%		28.65% to 27.75%
AB VPS Relative Value Portfolio — Class B
2025		0.00% to 1.30%		100,313		62.79 to 52.48		5,658		0.89%		10.20% to 8.77%
2024		0.00% to 1.30%		103,059		56.98 to 48.25		5,286		1.26%		12.76% to 11.29%
2023		0.00% to 1.30%		111,864		50.53 to 43.35		5,094		1.27%		11.72% to 10.28%
2022		0.00% to 1.30%		123,460		45.23 to 39.31		5,049		1.11%		(4.42)% to (5.66)%
2021		0.00% to 1.30%		132,538		47.32 to 41.67		5,685		0.64%		27.84% to 26.18%
AB VPS Small Cap Growth Portfolio — Class B
2025		0.00% to 0.70%		6,583		61.95 to 46.49		329		0.00%		4.45% to 3.72%
2024		0.00% to 0.70%		6,658		59.31 to 44.82		320		0.00%		18.44% to 17.61%
2023		0.00% to 0.70%		6,909		50.07 to 38.11		281		0.00%		17.73% to 16.90%
2022		0.00% to 0.70%		7,725		42.53 to 32.60		267		0.00%		(39.26)% to (39.69)%
2021		0.00% to 0.70%		8,159		70.03 to 54.05		466		0.00%		9.20% to 8.44%
AB VPS Sustainable Global Thematic Portfolio — Class B
2025		0.00% to 0.70%		6,723		52.52 to 44.78		320		0.00%		6.03% to 5.28%
2024		0.00% to 0.70%		7,151		49.53 to 42.53		321		0.00%		5.96% to 5.21%
2023		0.00% to 0.70%		7,263		46.75 to 40.43		310		0.03%		15.70% to 14.90%
2022		0.00% to 0.70%		7,246		40.40 to 35.19		269		0.00%		(27.17)% to (27.68)%
2021		0.00% to 0.70%		7,004		55.47 to 48.65		359		0.00%		22.57% to 21.71%
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
Invesco V.I. American Franchise Fund — Series I shares
2025		0.00% to 0.70%		28,717		62.22 to 56.51		1,657		0.00%		11.66% to 10.88%
2024		0.00% to 0.70%		30,226		55.72 to 50.97		1,569		0.00%		34.89% to 33.94%
2023		0.00% to 0.70%		31,434		41.31 to 38.05		1,217		0.00%		40.93% to 39.94%
2022		0.00% to 0.70%		32,699		29.31 to 27.19		903		0.00%		(31.11)% to (31.59)%
2021		0.00% to 0.70%		34,667		42.55 to 39.75		1,400		0.00%		11.93% to 11.14%

F-63

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Invesco V.I. American Franchise Fund — Series II shares
2025		0.00% to 0.70%		4,798		84.76 to 71.77		384		0.00%		11.39% to 10.61%
2024		0.00% to 0.70%		4,889		76.09 to 64.89		352		0.00%		34.56% to 33.61%
2023		0.00% to 0.70%		5,534		56.55 to 48.56		298		0.00%		40.60% to 39.62%
2022		0.00% to 0.70%		5,618		40.22 to 34.78		219		0.00%		(31.30)% to (31.78)%
2021		0.00% to 0.70%		6,669		58.54 to 50.98		374		0.00%		11.65% to 10.87%
Invesco V.I. American Value Fund — Series II shares
2025		0.00% to 0.70%		43,665		18.65 to 18.04		805		0.22%		20.76% to 19.91%
2024		0.00% to 0.70%		44,228		15.44 to 15.05		677		0.80%		30.10% to 29.18%
2023		0.00% to 0.70%		45,039		11.87 to 11.65		531		0.36%		15.29% to 14.49%
2022		0.00% to 0.70%		51,536		10.29 to 10.17		529		0.45%		(2.86)% to (3.54)%
2021 (4)		0.00% to 0.70%		59,789		10.60 to 10.55		633		0.23%		5.98% to 5.48%
Invesco V.I. Comstock Fund — Series II shares
2025		0.00% to 0.70%		13,630		68.43 to 57.94		880		1.44%		17.14% to 16.32%
2024		0.00% to 0.70%		14,525		58.42 to 49.81		805		1.51%		14.87% to 14.06%
2023		0.00% to 0.70%		16,355		50.86 to 43.67		791		1.38%		12.09% to 11.31%
2022		0.00% to 0.70%		27,183		45.37 to 39.23		1,147		1.38%		0.85% to 0.14%
2021		0.00% to 0.70%		29,994		44.99 to 39.18		1,266		1.51%		33.04% to 32.11%
Invesco V.I. Core Equity Fund — Series I shares
2025		0.00% to 0.70%		30,811		52.69 to 45.88		1,508		0.65%		16.17% to 15.35%
2024		0.00% to 0.70%		34,315		45.35 to 39.77		1,453		0.71%		25.61% to 24.72%
2023		0.00% to 0.70%		35,688		36.11 to 31.89		1,206		0.75%		23.36% to 22.50%
2022		0.00% to 0.70%		36,581		29.27 to 26.03		1,005		0.91%		(20.55)% to (21.10)%
2021		0.00% to 0.70%		40,634		36.84 to 32.99		1,410		0.68%		27.74% to 26.85%
Invesco V.I. Core Plus Bond Fund — Series I shares
2025		0.70% to 1.30%		120,722		10.87 to 10.63		1,304		4.30%		6.34% to 5.70%
2024		0.70% to 1.30%		108,651		10.22 to 10.06		1,106		3.41%		2.33% to 1.71%
2023		0.70% to 1.30%		130,630		9.99 to 9.89		1,300		2.75%		5.40% to 4.77%
2022 (5)		0.70% to 1.30%		125,975		9.48 to 9.44		1,192		0.86%		(5.24)% to (5.63)%
Invesco V.I. Discovery Large Cap Fund — Series I shares
2025		0.70% to 1.30%		20,309		400.79 to 244.73		6,974		0.00%		12.01% to 11.33%
2024		0.70% to 1.30%		21,421		357.83 to 219.81		6,617		0.00%		33.22% to 32.41%
2023		0.70% to 1.30%		22,131		268.61 to 166.01		5,144		0.00%		34.43% to 33.63%
2022		0.70% to 1.30%		24,379		199.81 to 124.23		4,205		0.00%		(31.27)% to (31.68)%
2021		0.70% to 1.30%		29,093		290.70 to 181.84		7,080		0.00%		21.71% to 20.98%
Invesco V.I. Discovery Large Cap Fund — Series II Shares
2025		0.00% to 0.70%		9,767		92.78 to 79.12		843		0.00%		12.53% to 11.75%
2024		0.00% to 0.70%		10,205		82.45 to 70.80		788		0.00%		33.83% to 32.88%
2023		0.00% to 0.70%		10,686		61.61 to 53.28		617		0.00%		35.03% to 34.09%
2022		0.00% to 0.70%		11,092		45.63 to 39.74		477		0.00%		(30.96)% to (31.45)%
2021		0.00% to 0.70%		12,324		66.09 to 57.96		771		0.00%		22.28% to 21.42%

F-64

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares
2025		0.70% to 1.30%		26,769		256.71 to 177.08		6,014		0.00%		4.06% to 3.43%
2024		0.70% to 1.30%		27,932		246.70 to 171.20		6,067		0.00%		23.36% to 22.61%
2023		0.70% to 1.30%		30,079		199.99 to 139.63		5,311		0.00%		12.36% to 11.69%
2022		0.70% to 1.30%		33,061		177.99 to 125.02		5,188		0.00%		(31.46)% to (31.88)%
2021		0.70% to 1.30%		35,050		259.71 to 183.52		8,032		0.00%		18.27% to 17.55%
Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares
2025		0.00% to 0.70%		3,552		77.00 to 65.66		258		0.00%		4.53% to 3.80%
2024		0.00% to 0.70%		3,573		73.66 to 63.25		249		0.00%		23.92% to 23.05%
2023		0.00% to 0.70%		3,647		59.44 to 51.41		205		0.00%		12.85% to 12.06%
2022		0.00% to 0.70%		3,821		52.67 to 45.87		191		0.00%		(31.13)% to (31.61)%
2021		0.00% to 0.70%		4,071		76.48 to 67.08		295		0.00%		18.79% to 17.96%
Invesco V.I. EQV International Equity Fund — Series II shares
2025		0.00% to 0.70%		23,476		36.65 to 31.59		820		1.20%		16.23% to 15.42%
2024		0.00% to 0.70%		23,715		31.53 to 27.37		715		1.50%		0.34% to (0.36)%
2023		0.00% to 0.70%		26,198		31.43 to 27.47		792		0.00%		17.87% to 17.04%
2022		0.00% to 0.70%		24,963		26.66 to 23.47		640		1.44%		(18.50)% to (19.07)%
2021		0.00% to 0.70%		24,911		32.72 to 29.01		786		0.99%		5.61% to 4.87%
Invesco V.I. Equity and Income Fund — Series I shares
2025		0.70% to 1.30%		131,498		11.97 to 11.85		1,566		2.12%		12.02% to 11.34%
2024 (7)		0.70% to 1.30%		136,459		10.69 to 10.64		1,455		1.64%		6.85% to 6.41%
Invesco V.I. Equity and Income Fund — Series II shares
2025		0.00% to 0.70%		23,221		12.06 to 11.92		280		1.92%		12.52% to 11.73%
2024 (7)		0.00% to 0.70%		22,473		10.72 to 10.67		241		1.57%		7.19% to 6.68%
Invesco V.I. Global Fund — Series II shares
2025		0.00% to 0.70%		67,269		77.77 to 52.60		3,868		0.00%		15.01% to 14.21%
2024		0.00% to 0.70%		73,196		67.62 to 46.06		3,697		0.00%		15.78% to 14.97%
2023		0.00% to 0.70%		78,329		58.40 to 40.06		3,446		0.00%		34.45% to 33.51%
2022		0.00% to 0.70%		82,438		43.44 to 30.01		2,704		0.00%		(31.94)% to (32.41)%
2021		0.00% to 0.70%		89,698		63.82 to 44.40		4,348		0.00%		15.17% to 14.36%
Invesco V.I. Global Strategic Income Fund — Series I shares
2025		0.70% to 1.30%		65,472		12.54 to 11.58		812		5.49%		12.19% to 11.52%
2024		0.70% to 1.30%		67,321		11.17 to 10.38		744		3.04%		2.43% to 1.81%
2023		0.70% to 1.30%		73,652		10.91 to 10.20		794		0.00%		8.12% to 7.48%
2022		0.70% to 1.30%		75,305		10.09 to 9.49		751		0.00%		(12.08)% to (12.61)%
2021		0.70% to 1.30%		76,043		11.47 to 10.86		863		4.70%		(4.09)% to (4.67)%

F-65

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Invesco V.I. Main Street Fund^® — Series II shares
2025		0.00% to 0.70%		42,258		73.80 to 48.05		2,305		0.32%		15.64% to 14.83%
2024		0.00% to 0.70%		45,086		63.82 to 41.84		2,131		0.00%		23.39% to 22.52%
2023		0.00% to 0.70%		46,596		51.72 to 34.15		1,790		0.50%		22.83% to 21.97%
2022		0.00% to 0.70%		49,183		42.11 to 28.00		1,540		1.10%		(20.31)% to (20.87)%
2021		0.00% to 0.70%		55,230		52.84 to 35.38		2,192		0.52%		27.23% to 26.34%
Invesco V.I. Main Street Small Cap Fund^® — Series II shares
2025		0.00% to 0.70%		12,519		96.55 to 82.33		1,144		0.24%		8.44% to 7.68%
2024		0.00% to 0.70%		12,915		89.04 to 76.46		1,093		0.00%		12.41% to 11.61%
2023		0.00% to 0.70%		13,257		79.21 to 68.50		1,000		0.83%		17.82% to 17.00%
2022		0.00% to 0.70%		18,308		67.23 to 58.55		1,157		0.25%		(16.04)% to (16.63)%
2021		0.00% to 0.70%		19,372		80.08 to 70.23		1,460		0.18%		22.26% to 21.41%
Allspring Variable Trust
Allspring VT Discovery All Cap Growth Fund — Class 2
2025		0.00% to 0.70%		4,139		75.87 to 68.06		311		0.00%		15.27% to 14.46%
2024		0.00% to 0.70%		4,186		65.82 to 59.46		273		0.00%		21.00% to 20.15%
2023		0.00% to 0.70%		3,949		54.40 to 49.49		214		0.00%		33.17% to 32.24%
2022		0.00% to 0.70%		4,551		40.85 to 37.42		185		0.00%		(37.20)% to (37.64)%
2021		0.00% to 0.70%		4,585		65.04 to 60.01		297		0.00%		14.97% to 14.17%
BNY Mellon
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares
2025		0.00% to 0.70%		3,570		73.03 to 39.31		145		0.25%		15.97% to 15.16%
2024		0.00% to 0.70%		5,113		62.98 to 34.13		191		0.53%		24.89% to 24.01%
2023		0.00% to 0.70%		5,998		50.43 to 27.53		178		0.70%		23.82% to 22.96%
2022		0.00% to 0.70%		5,785		40.72 to 22.39		140		0.51%		(22.87)% to (23.41)%
2021		0.00% to 0.70%		6,159		52.80 to 29.23		194		0.74%		27.00% to 26.11%
BlackRock Variable Series Funds, Inc.
BlackRock Advantage SMID Cap V.I. Fund — Class III Shares
2025		0.00% to 0.70%		3,426		58.49 to 50.22		194		1.56%		10.87% to 10.10%
2024		0.00% to 0.70%		3,588		52.75 to 45.62		182		1.41%		11.70% to 10.92%
2023		0.00% to 0.70%		3,964		47.22 to 41.13		180		1.99%		18.63% to 17.80%
2022		0.00% to 0.70%		3,965		39.81 to 34.91		152		1.58%		(16.68)% to (17.26)%
2021		0.00% to 0.70%		4,804		47.78 to 42.19		219		1.15%		13.35% to 12.56%
BlackRock Basic Value V.I. Fund — Class III Shares
2025		0.00% to 0.70%		5,521		55.09 to 47.30		289		1.91%		24.04% to 23.17%
2024		0.00% to 0.70%		5,660		44.41 to 38.40		239		1.77%		10.05% to 9.28%
2023		0.00% to 0.70%		5,806		40.35 to 35.14		223		1.56%		16.24% to 15.43%
2022		0.00% to 0.70%		5,956		34.71 to 30.45		197		1.18%		(5.12)% to (5.79)%
2021		0.00% to 0.70%		6,100		36.59 to 32.32		213		0.96%		21.34% to 20.49%

F-66

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
BlackRock Global Allocation V.I. Fund — Class III Shares
2025		0.00% to 0.70%		38,500		40.17 to 34.74		1,491		5.26%		19.51% to 18.67%
2024		0.00% to 0.70%		27,840		33.61 to 29.27		890		1.47%		8.93% to 8.16%
2023		0.00% to 0.70%		28,793		30.86 to 27.06		848		2.54%		12.49% to 11.70%
2022		0.00% to 0.70%		29,827		27.43 to 24.23		784		0.00%		(16.07)% to (16.66)%
2021		0.00% to 0.70%		30,798		32.68 to 29.07		964		0.82%		6.42% to 5.67%
BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares
2025		0.00% to 0.70%		10,403		97.35 to 83.59		986		0.00%		11.48% to 10.70%
2024		0.00% to 0.70%		10,544		87.32 to 75.51		897		0.00%		31.39% to 30.46%
2023		0.00% to 0.70%		10,952		66.46 to 57.88		711		0.00%		52.47% to 51.41%
2022		0.00% to 0.70%		11,166		43.59 to 38.23		476		0.00%		(38.25)% to (38.68)%
2021		0.00% to 0.70%		10,889		70.59 to 62.35		751		0.00%		17.78% to 16.96%
Columbia Funds Variable Series Trust II
CTIVP^® — Principal Large Cap Growth Fund — Class 1
2025		0.00% to 0.70%		36,095		39.19 to 36.62		1,386		0.00%		13.78% to 12.98%
2024		0.00% to 0.70%		39,419		34.45 to 32.41		1,333		0.00%		21.42% to 20.56%
2023		0.00% to 0.70%		40,361		28.37 to 26.88		1,126		0.00%		39.54% to 38.56%
2022		0.00% to 0.70%		40,555		20.33 to 19.40		812		0.00%		(28.00)% to (28.51)%
2021		0.00% to 0.70%		45,078		28.24 to 27.14		1,259		0.00%		18.57% to 17.74%
Columbia Variable Portfolio — Overseas Core Fund — Class 2
2025		0.00% to 0.70%		30,088		21.66 to 20.23		634		1.72%		37.86% to 36.90%
2024		0.00% to 0.70%		32,905		15.71 to 14.78		506		4.13%		3.24% to 2.51%
2023		0.00% to 0.70%		34,775		15.22 to 14.42		519		1.71%		15.32% to 14.52%
2022		0.00% to 0.70%		38,610		13.20 to 12.59		501		0.76%		(14.90)% to (15.50)%
2021		0.00% to 0.70%		39,709		15.51 to 14.90		607		1.09%		9.74% to 8.98%
Eaton Vance Variable Trust
VT Floating-Rate Income Fund
2025		0.00% to 0.70%		22,881		23.62 to 20.14		508		6.70%		3.95% to 3.23%
2024		0.00% to 0.70%		24,047		22.72 to 19.51		514		7.86%		7.68% to 6.92%
2023		0.00% to 0.70%		25,895		21.10 to 18.25		518		8.19%		11.21% to 10.44%
2022		0.00% to 0.70%		26,459		18.98 to 16.53		479		4.61%		(2.73)% to (3.41)%
2021		0.00% to 0.70%		34,413		19.51 to 17.11		656		2.90%		3.63% to 2.90%
Federated Hermes Insurance Series
Federated Hermes High Income Bond Fund II — Primary Shares
2025		0.70% to 1.30%		8,121		56.67 to 47.02		425		6.05%		7.47% to 6.83%
2024		0.70% to 1.30%		9,261		52.73 to 44.01		452		4.79%		5.52% to 4.88%
2023		0.70% to 1.30%		7,632		49.98 to 41.97		360		6.07%		11.93% to 11.26%
2022		0.70% to 1.30%		8,789		44.65 to 37.72		374		5.59%		(12.40)% to (12.92)%
2021		0.70% to 1.30%		9,163		50.97 to 43.32		445		4.84%		4.11% to 3.49%

F-67

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Federated Hermes High Income Bond Fund II — Service Shares
2025		0.00% to 0.70%		22,161		43.34 to 34.60		875		5.72%		8.18% to 7.43%
2024		0.00% to 0.70%		23,105		40.06 to 32.21		847		5.28%		5.85% to 5.11%
2023		0.00% to 0.70%		24,539		37.84 to 30.64		853		5.54%		12.47% to 11.68%
2022		0.00% to 0.70%		24,976		33.65 to 27.44		773		5.37%		(11.92)% to (12.54)%
2021		0.00% to 0.70%		25,916		38.20 to 31.37		912		4.62%		4.44% to 3.71%
Federated Hermes Kaufmann Fund II — Service Shares
2025		0.00% to 0.70%		11,529		85.64 to 73.02		937		0.00%		11.26% to 10.48%
2024		0.00% to 0.70%		12,726		76.97 to 66.09		935		0.64%		16.78% to 15.95%
2023		0.00% to 0.70%		14,260		65.91 to 57.00		897		0.00%		14.86% to 14.06%
2022		0.00% to 0.70%		15,492		57.38 to 49.97		851		0.00%		(30.26)% to (30.75)%
2021		0.00% to 0.70%		19,378		82.28 to 72.16		1,527		0.00%		2.26% to 1.55%
Federated Hermes Managed Volatility Fund II — Primary Shares
2025		0.70% to 1.30%		10,825		50.99 to 42.30		534		2.90%		6.29% to 5.65%
2024		0.70% to 1.30%		11,499		47.97 to 40.04		532		2.37%		14.74% to 14.05%
2023		0.70% to 1.30%		14,136		41.81 to 35.11		564		1.75%		7.92% to 7.28%
2022		0.70% to 1.30%		13,466		38.74 to 32.73		496		1.90%		(14.36)% to (14.87)%
2021		0.70% to 1.30%		14,898		45.24 to 38.44		641		1.95%		17.68% to 16.98%
Fidelity^® Variable Insurance Products Fund
VIP Asset Manager 50% Portfolio — Initial Class
2025		0.70% to 1.30%		48,632		101.58 to 81.65		4,516		2.51%		14.18% to 13.49%
2024		0.70% to 1.30%		51,854		88.97 to 71.94		4,212		2.29%		7.73% to 7.08%
2023		0.70% to 1.30%		58,950		82.58 to 67.18		4,420		2.31%		12.16% to 11.48%
2022		0.70% to 1.30%		62,740		73.63 to 60.26		4,203		2.07%		(15.53)% to (16.04)%
2021		0.70% to 1.30%		64,392		87.17 to 71.77		5,127		1.63%		9.15% to 8.49%
VIP Asset Manager 50% Portfolio — Service Class 2
2025		0.00% to 0.70%		4,631		36.01 to 30.93		148		2.50%		14.65% to 13.85%
2024		0.00% to 0.70%		4,519		31.41 to 27.16		127		2.40%		8.23% to 7.47%
2023		0.00% to 0.70%		4,394		29.02 to 25.28		115		2.26%		12.65% to 11.87%
2022		0.00% to 0.70%		4,255		25.76 to 22.59		100		1.95%		(15.15)% to (15.74)%
2021		0.00% to 0.70%		4,098		30.36 to 26.82		114		1.30%		9.68% to 8.91%
VIP Balanced Portfolio — Service Class 2
2025		0.00% to 0.70%		18,064		49.99 to 43.54		866		1.60%		14.96% to 14.15%
2024		0.00% to 0.70%		18,595		43.49 to 38.14		776		1.72%		15.63% to 14.81%
2023		0.00% to 0.70%		18,956		37.61 to 33.22		685		1.56%		21.23% to 20.39%
2022		0.00% to 0.70%		19,224		31.02 to 27.59		574		1.06%		(18.19)% to (18.76)%
2021		0.00% to 0.70%		19,823		37.92 to 33.96		726		0.68%		17.99% to 17.17%

F-68

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
VIP Contrafund^® Portfolio — Initial Class
2025		0.70% to 1.30%		88,040		309.52 to 256.79		24,852		0.14%		20.63% to 19.91%
2024		0.70% to 1.30%		94,963		256.59 to 214.16		22,238		0.19%		32.85% to 32.04%
2023		0.70% to 1.30%		102,052		193.14 to 162.19		18,037		0.48%		32.52% to 31.73%
2022		0.70% to 1.30%		112,078		145.75 to 123.12		15,009		0.49%		(26.83)% to (27.27)%
2021		0.70% to 1.30%		122,032		199.18 to 169.28		22,420		0.06%		26.94% to 26.18%
VIP Contrafund^® Portfolio — Service Class 2
2025		0.00% to 0.70%		88,695		132.09 to 88.40		8,678		0.00%		21.19% to 20.35%
2024		0.00% to 0.70%		98,134		108.99 to 73.46		8,025		0.03%		33.45% to 32.51%
2023		0.00% to 0.70%		110,758		81.67 to 55.44		6,815		0.26%		33.12% to 32.19%
2022		0.00% to 0.70%		127,821		61.36 to 41.94		5,884		0.25%		(26.49)% to (27.00)%
2021		0.00% to 0.70%		140,392		83.46 to 57.45		8,910		0.03%		27.51% to 26.62%
VIP Dynamic Capital Appreciation Portfolio — Service Class 2
2025		0.00% to 0.70%		3,861		119.52 to 101.91		397		0.42%		18.49% to 17.66%
2024		0.00% to 0.70%		4,057		100.87 to 86.62		356		0.05%		25.19% to 24.31%
2023		0.00% to 0.70%		4,425		80.57 to 69.68		312		0.12%		28.72% to 27.83%
2022		0.00% to 0.70%		4,695		62.59 to 54.51		259		0.11%		(21.05)% to (21.60)%
2021		0.00% to 0.70%		4,541		79.28 to 69.53		319		0.12%		24.27% to 23.40%
VIP Equity-Income Portfolio^SM— Initial Class
2025		0.70% to 1.30%		44,308		257.31 to 176.95		9,934		1.79%		18.19% to 17.48%
2024		0.70% to 1.30%		47,183		217.72 to 150.62		8,958		1.73%		14.53% to 13.84%
2023		0.70% to 1.30%		54,070		190.09 to 132.31		8,895		1.84%		9.88% to 9.22%
2022		0.70% to 1.30%		66,487		173.00 to 121.14		9,731		1.85%		(5.62)% to (6.19)%
2021		0.70% to 1.30%		72,435		183.31 to 129.14		11,253		1.86%		24.02% to 23.28%
VIP Equity-Income Portfolio^SM— Service Class 2
2025		0.00% to 0.70%		49,275		63.01 to 49.44		2,674		1.66%		18.75% to 17.92%
2024		0.00% to 0.70%		52,935		53.07 to 41.93		2,429		1.61%		15.06% to 14.25%
2023		0.00% to 0.70%		56,777		46.12 to 36.70		2,276		1.77%		10.38% to 9.61%
2022		0.00% to 0.70%		59,026		41.79 to 33.48		2,147		1.70%		(5.25)% to (5.91)%
2021		0.00% to 0.70%		64,392		44.10 to 35.59		2,491		1.65%		24.60% to 23.73%
VIP Growth & Income Portfolio — Initial Class
2025		0.70% to 1.30%		26,526		102.43 to 86.18		2,643		1.57%		20.65% to 19.93%
2024		0.70% to 1.30%		27,391		84.90 to 71.86		2,268		1.44%		21.35% to 20.62%
2023		0.70% to 1.30%		29,071		69.96 to 59.57		1,981		1.68%		17.89% to 17.18%
2022		0.70% to 1.30%		30,080		59.34 to 50.84		1,739		1.62%		(5.61)% to (6.18)%
2021		0.70% to 1.30%		30,028		62.87 to 54.19		1,863		2.37%		25.07% to 24.32%
VIP Growth & Income Portfolio — Service Class 2
2025		0.00% to 0.70%		26,729		80.34 to 55.13		1,714		1.31%		21.21% to 20.36%
2024		0.00% to 0.70%		31,455		66.28 to 45.80		1,662		1.25%		21.96% to 21.10%
2023		0.00% to 0.70%		33,749		54.35 to 37.82		1,454		1.47%		18.37% to 17.54%
2022		0.00% to 0.70%		35,903		45.91 to 32.18		1,312		1.38%		(5.17)% to (5.84)%
2021		0.00% to 0.70%		40,699		48.42 to 34.17		1,582		2.25%		25.64% to 24.76%

F-69

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
VIP Growth Opportunities Portfolio — Initial Class
2025		0.70% to 1.30%		12,936		143.71 to 120.91		1,805		0.00%		21.10% to 20.37%
2024		0.70% to 1.30%		16,158		118.68 to 100.45		1,846		0.00%		37.91% to 37.08%
2023		0.70% to 1.30%		15,881		86.05 to 73.28		1,328		0.00%		44.63% to 43.77%
2022		0.70% to 1.30%		18,746		59.50 to 50.97		1,089		0.00%		(38.58)% to (38.95)%
2021		0.70% to 1.30%		23,957		96.87 to 83.49		2,215		0.00%		11.16% to 10.49%
VIP Growth Portfolio — Initial Class
2025		0.70% to 1.30%		53,023		536.32 to 353.67		23,644		0.29%		14.09% to 13.41%
2024		0.70% to 1.30%		55,568		470.06 to 311.85		21,859		0.00%		29.47% to 28.69%
2023		0.70% to 1.30%		59,216		363.07 to 242.34		18,128		0.13%		35.29% to 34.48%
2022		0.70% to 1.30%		63,805		268.37 to 180.21		14,534		0.62%		(24.98)% to (25.43)%
2021		0.70% to 1.30%		69,665		357.75 to 241.68		21,182		0.00%		22.35% to 21.62%
VIP Growth Portfolio — Service Class 2
2025		0.00% to 0.70%		68,091		107.47 to 61.39		4,467		0.05%		14.61% to 13.81%
2024		0.00% to 0.70%		80,098		93.77 to 53.94		4,698		0.00%		30.07% to 29.16%
2023		0.00% to 0.70%		83,416		72.09 to 41.77		3,792		0.00%		35.89% to 34.94%
2022		0.00% to 0.70%		87,706		53.05 to 30.95		2,953		0.35%		(24.64)% to (25.17)%
2021		0.00% to 0.70%		91,593		70.40 to 41.36		4,111		0.00%		22.90% to 22.04%
VIP Mid Cap Portfolio — Service Class 2
2025		0.00% to 1.30%		61,105		101.11 to 83.60		5,228		0.24%		11.49% to 10.04%
2024		0.00% to 1.30%		67,134		90.69 to 75.97		5,245		0.35%		17.18% to 15.64%
2023		0.00% to 1.30%		71,876		77.40 to 65.70		4,845		0.38%		14.80% to 13.32%
2022		0.00% to 1.30%		81,588		67.42 to 57.97		4,800		0.26%		(14.97)% to (16.07)%
2021		0.00% to 1.30%		89,286		79.28 to 69.07		6,243		0.36%		25.31% to 23.68%
VIP Overseas Portfolio — Initial Class
2025		0.70% to 1.30%		41,509		92.96 to 61.20		3,361		1.62%		19.55% to 18.83%
2024		0.70% to 1.30%		41,834		77.76 to 51.50		2,856		1.66%		4.31% to 3.68%
2023		0.70% to 1.30%		42,295		74.55 to 49.67		2,741		1.02%		19.67% to 18.95%
2022		0.70% to 1.30%		48,256		62.30 to 41.76		2,596		1.07%		(25.01)% to (25.46)%
2021		0.70% to 1.30%		50,466		83.08 to 56.03		3,619		0.52%		18.86% to 18.15%
VIP Value Strategies Portfolio — Service Class 2
2025		0.00% to 0.70%		10,684		58.31 to 50.07		609		0.81%		7.70% to 6.95%
2024		0.00% to 0.70%		11,319		54.14 to 46.82		601		0.76%		9.16% to 8.39%
2023		0.00% to 0.70%		13,289		49.60 to 43.20		647		0.94%		20.61% to 19.77%
2022		0.00% to 0.70%		13,643		41.12 to 36.07		548		0.89%		(7.35)% to (8.00)%
2021		0.00% to 0.70%		13,199		44.39 to 39.20		574		1.29%		33.34% to 32.41%

F-70

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Franklin Templeton Variable Insurance Products Trust
Franklin Income VIP Fund — Class 2 Shares
2025		0.00% to 0.70%		25,962		35.82 to 30.97		915		4.97%		12.56% to 11.77%
2024		0.00% to 0.70%		27,574		31.82 to 27.71		865		5.16%		7.20% to 6.45%
2023		0.00% to 0.70%		28,390		29.68 to 26.03		831		5.10%		8.62% to 7.86%
2022		0.00% to 0.70%		32,177		27.33 to 24.14		869		4.85%		(5.47)% to (6.13)%
2021		0.00% to 0.70%		46,778		28.91 to 25.71		1,342		4.65%		16.75% to 15.94%
Franklin Mutual Shares VIP Fund — Class 2 Shares
2025		0.00% to 0.70%		12,771		30.69 to 26.73		377		2.07%		11.52% to 10.74%
2024		0.00% to 0.70%		12,728		27.52 to 24.14		338		1.98%		11.27% to 10.49%
2023		0.00% to 0.70%		14,326		24.74 to 21.85		343		1.87%		13.46% to 12.67%
2022		0.00% to 0.70%		15,879		21.80 to 19.39		337		1.78%		(7.43)% to (8.08)%
2021		0.00% to 0.70%		18,670		23.55 to 21.09		430		2.76%		19.17% to 18.33%
Templeton Foreign VIP Fund — Class 1 Shares
2025		0.70% to 1.30%		23,507		24.02 to 21.16		541		2.50%		28.60% to 27.83%
2024		0.70% to 1.30%		25,661		18.68 to 16.55		461		2.60%		(1.49)% to (2.09)%
2023		0.70% to 1.30%		28,702		18.96 to 16.91		525		3.39%		20.25% to 19.53%
2022		0.70% to 1.30%		35,023		15.77 to 14.14		536		3.44%		(8.03)% to (8.58)%
2021		0.70% to 1.30%		32,543		17.15 to 15.47		547		2.03%		3.70% to 3.08%
Templeton Global Bond VIP Fund — Class 1 Shares
2025		0.70% to 1.30%		51,898		17.94 to 15.81		849		0.00%		15.27% to 14.58%
2024		0.70% to 1.30%		52,009		15.57 to 13.79		741		0.00%		(11.76)% to (12.29)%
2023		0.70% to 1.30%		54,719		17.64 to 15.73		890		0.00%		2.47% to 1.86%
2022		0.70% to 1.30%		58,990		17.21 to 15.44		941		0.00%		(5.51)% to (6.08)%
2021		0.70% to 1.30%		50,127		18.22 to 16.44		860		0.00%		(5.29)% to (5.86)%
Templeton Growth VIP Fund — Class 2 Shares
2025		0.00% to 0.70%		5,898		24.54 to 21.37		142		0.87%		23.83% to 22.96%
2024		0.00% to 0.70%		6,050		19.82 to 17.38		118		0.94%		5.40% to 4.66%
2023		0.00% to 0.70%		6,228		18.80 to 16.60		115		3.39%		21.01% to 20.16%
2022		0.00% to 0.70%		7,852		15.54 to 13.82		120		0.15%		(11.50)% to (12.12)%
2021		0.00% to 0.70%		9,478		17.56 to 15.72		165		1.11%		4.87% to 4.14%
Goldman Sachs Variable Insurance Trust
Goldman Sachs Government Money Market Fund — Service Shares
2025		0.00% to 1.30%		924,136		12.08 to 10.14		9,987		3.86%		3.94% to 2.60%
2024		0.00% to 1.30%		902,325		11.62 to 9.88		9,479		4.79%		4.91% to 3.54%
2023		0.00% to 1.30%		923,181		11.07 to 9.54		9,387		4.69%		4.79% to 3.43%
2022		0.00% to 1.30%		849,775		10.57 to 9.22		8,308		1.36%		1.37% to 0.06%
2021		0.00% to 1.30%		865,690		10.42 to 9.22		8,441		0.01%		0.01% to (1.29)%

F-71

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Goldman Sachs Large Cap Value Fund — Institutional Shares
2025		0.70% to 1.30%		31,128		39.01 to 33.02		1,158		1.13%		10.11% to 9.45%
2024		0.70% to 1.30%		30,605		35.43 to 30.17		1,035		1.35%		16.27% to 15.57%
2023		0.70% to 1.30%		34,006		30.47 to 26.10		986		1.80%		12.22% to 11.55%
2022		0.70% to 1.30%		34,780		27.15 to 23.40		899		1.39%		(7.02)% to (7.58)%
2021		0.70% to 1.30%		35,589		29.20 to 25.32		992		1.19%		23.26% to 22.52%
Goldman Sachs Mid Cap Value Fund — Institutional Shares
2025		0.00% to 1.30%		53,133		57.05 to 75.47		4,325		1.17%		9.39% to 7.98%
2024		0.00% to 1.30%		55,652		52.16 to 69.89		4,173		1.02%		12.40% to 10.93%
2023		0.00% to 1.30%		58,757		46.40 to 63.01		3,957		1.01%		11.42% to 9.98%
2022		0.00% to 1.30%		62,992		41.65 to 57.29		3,841		0.68%		(9.99)% to (11.15)%
2021		0.00% to 1.30%		67,278		46.27 to 64.48		4,607		0.48%		30.95% to 29.25%
Janus Aspen Series
Janus Henderson Balanced Portfolio — Institutional Shares
2025		0.70% to 1.30%		58,207		135.47 to 112.89		7,315		2.06%		14.30% to 13.61%
2024		0.70% to 1.30%		60,015		118.52 to 99.37		6,623		2.03%		14.61% to 13.92%
2023		0.70% to 1.30%		68,836		103.41 to 87.23		6,638		2.10%		14.61% to 13.92%
2022		0.70% to 1.30%		73,148		90.23 to 76.57		6,158		1.39%		(16.99)% to (17.48)%
2021		0.70% to 1.30%		77,729		108.69 to 92.79		7,883		1.10%		16.38% to 15.68%
Janus Henderson Balanced Portfolio — Service Shares
2025		0.00% to 0.70%		61,995		67.15 to 51.11		3,352		1.71%		14.82% to 14.02%
2024		0.00% to 0.70%		65,170		58.48 to 44.82		3,085		1.76%		15.15% to 14.33%
2023		0.00% to 0.70%		68,063		50.79 to 39.20		2,827		1.79%		15.13% to 14.33%
2022		0.00% to 0.70%		73,816		44.11 to 34.29		2,682		1.10%		(16.62)% to (17.20)%
2021		0.00% to 0.70%		81,965		52.91 to 41.41		3,602		0.87%		16.91% to 16.09%
Janus Henderson Enterprise Portfolio — Institutional Shares
2025		0.70% to 1.30%		54,025		199.41 to 164.62		10,375		0.32%		6.92% to 6.28%
2024		0.70% to 1.30%		55,913		186.51 to 154.90		10,069		0.74%		14.79% to 14.10%
2023		0.70% to 1.30%		61,897		162.47 to 135.76		9,705		0.16%		17.25% to 16.55%
2022		0.70% to 1.30%		67,256		138.57 to 116.49		9,003		0.37%		(16.53)% to (17.03)%
2021		0.70% to 1.30%		70,591		166.01 to 140.39		11,334		0.32%		16.01% to 15.32%
Janus Henderson Enterprise Portfolio — Service Shares
2025		0.00% to 0.70%		29,883		119.91 to 36.65		1,347		0.18%		7.41% to 6.66%
2024		0.00% to 0.70%		30,652		111.63 to 34.36		1,287		0.64%		15.32% to 14.51%
2023		0.00% to 0.70%		33,656		96.80 to 30.00		1,225		0.09%		17.78% to 16.95%
2022		0.00% to 0.70%		36,084		82.19 to 25.66		1,123		0.26%		(16.15)% to (16.74)%
2021		0.00% to 0.70%		41,836		98.02 to 30.81		1,535		0.24%		16.54% to 15.73%

F-72

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Janus Henderson Flexible Bond Portfolio — Institutional Shares
2025		0.70% to 1.30%		47,639		36.29 to 30.24		1,604		5.32%		6.65% to 6.01%
2024		0.70% to 1.30%		45,559		34.03 to 28.53		1,446		4.73%		1.24% to 0.62%
2023		0.70% to 1.30%		50,160		33.61 to 28.35		1,555		4.34%		4.77% to 4.14%
2022		0.70% to 1.30%		49,199		32.08 to 27.22		1,451		2.65%		(14.26)% to (14.78)%
2021		0.70% to 1.30%		50,719		37.42 to 31.94		1,749		2.70%		(1.59)% to (2.18)%
Janus Henderson Forty Portfolio — Institutional Shares
2025		0.70% to 1.30%		33,554		258.83 to 217.76		8,204		0.30%		17.32% to 16.61%
2024		0.70% to 1.30%		37,156		220.63 to 186.74		7,759		0.11%		27.56% to 26.79%
2023		0.70% to 1.30%		38,875		172.96 to 147.28		6,374		0.19%		38.99% to 38.16%
2022		0.70% to 1.30%		42,062		124.44 to 106.61		4,957		0.18%		(34.02)% to (34.41)%
2021		0.70% to 1.30%		49,089		188.60 to 162.54		8,739		0.50%		22.04% to 21.30%
Janus Henderson Forty Portfolio — Service Shares
2025		0.00% to 0.70%		27,222		148.05 to 75.33		2,298		0.26%		17.86% to 17.04%
2024		0.00% to 0.70%		27,853		125.61 to 64.36		2,001		0.01%		28.14% to 27.23%
2023		0.00% to 0.70%		29,969		98.03 to 50.59		1,677		0.13%		39.65% to 38.68%
2022		0.00% to 0.70%		31,471		70.20 to 36.48		1,261		0.05%		(33.73)% to (34.19)%
2021		0.00% to 0.70%		33,963		105.92 to 55.43		2,111		0.53%		22.60% to 21.74%
Janus Henderson Global Research Portfolio — Institutional Shares
2025		0.70% to 1.30%		65,830		120.14 to 99.19		7,612		0.74%		20.07% to 19.35%
2024		0.70% to 1.30%		69,644		100.06 to 83.10		6,715		0.75%		22.71% to 21.97%
2023		0.70% to 1.30%		75,072		81.54 to 68.14		5,899		0.93%		25.89% to 25.14%
2022		0.70% to 1.30%		78,410		64.77 to 54.45		4,895		1.62%		(19.97)% to (20.46)%
2021		0.70% to 1.30%		85,074		80.94 to 68.45		6,648		0.52%		17.26% to 16.56%
Janus Henderson Global Research Portfolio — Service Shares
2025		0.00% to 0.70%		25,768		56.57 to 29.33		856		0.58%		20.60% to 19.76%
2024		0.00% to 0.70%		26,836		46.90 to 24.49		739		0.60%		23.27% to 22.40%
2023		0.00% to 0.70%		28,378		38.05 to 20.01		637		0.78%		26.47% to 25.59%
2022		0.00% to 0.70%		29,724		30.09 to 15.93		529		1.49%		(19.61)% to (20.17)%
2021		0.00% to 0.70%		31,415		37.43 to 19.96		701		0.37%		17.80% to 16.97%
Janus Henderson Global Technology and Innovation Portfolio — Service Shares
2025		0.00% to 1.30%		37,584		175.37 to 49.38		2,281		0.00%		24.84% to 23.22%
2024		0.00% to 1.30%		37,876		140.48 to 40.07		1,853		0.00%		31.76% to 30.03%
2023		0.00% to 1.30%		39,967		106.62 to 30.82		1,494		0.00%		54.27% to 52.28%
2022		0.00% to 1.30%		37,696		31.44 to 20.24		928		0.00%		(37.12)% to (37.94)%
2021		0.00% to 1.30%		58,932		50.00 to 32.61		2,193		0.65%		17.75% to 16.22%

F-73

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Janus Henderson Overseas Portfolio — Institutional Shares
2025		0.70% to 1.30%		45,329		86.21 to 72.09		3,648		1.44%		27.97% to 27.20%
2024		0.70% to 1.30%		47,845		67.36 to 56.67		3,025		1.34%		5.09% to 4.45%
2023		0.70% to 1.30%		51,485		64.10 to 54.25		3,080		1.53%		10.10% to 9.44%
2022		0.70% to 1.30%		54,940		58.22 to 49.57		3,003		1.74%		(9.24)% to (9.79)%
2021		0.70% to 1.30%		62,475		64.15 to 54.95		3,761		1.16%		12.79% to 12.11%
Janus Henderson Overseas Portfolio — Service Shares
2025		0.00% to 0.70%		6,037		36.50 to 29.03		197		1.33%		28.58% to 27.68%
2024		0.00% to 0.70%		6,249		28.38 to 22.74		159		1.30%		5.58% to 4.83%
2023		0.00% to 0.70%		6,477		26.88 to 21.69		156		1.41%		10.58% to 9.81%
2022		0.00% to 0.70%		7,036		24.31 to 19.75		154		1.69%		(8.84)% to (9.47)%
2021		0.00% to 0.70%		7,283		26.67 to 21.82		175		1.02%		13.29% to 12.49%
Janus Henderson Research Portfolio — Institutional Shares
2025		0.70% to 1.30%		61,377		181.12 to 149.52		10,443		0.12%		17.56% to 16.85%
2024		0.70% to 1.30%		68,045		154.06 to 127.96		9,899		0.03%		34.36% to 33.54%
2023		0.70% to 1.30%		73,106		114.67 to 95.82		7,942		0.14%		42.17% to 41.32%
2022		0.70% to 1.30%		77,965		80.65 to 67.80		5,952		0.70%		(30.38)% to (30.80)%
2021		0.70% to 1.30%		81,346		115.85 to 97.98		8,949		0.10%		19.49% to 18.77%
Janus Henderson Research Portfolio — Service Shares
2025		0.00% to 0.70%		11,362		61.51 to 47.57		567		0.13%		18.10% to 17.27%
2024		0.00% to 0.70%		11,776		52.09 to 40.56		500		0.00%		34.96% to 34.01%
2023		0.00% to 0.70%		12,055		38.59 to 30.27		384		0.06%		42.81% to 41.81%
2022		0.00% to 0.70%		12,829		27.03 to 21.34		287		0.55%		(30.06)% to (30.55)%
2021		0.00% to 0.70%		14,837		38.64 to 30.73		491		0.02%		20.05% to 19.21%
Legg Mason Partners Variable Equity Trust
ClearBridge Variable Dividend Strategy Portfolio — Class I
2025		0.70% to 1.30%		22,545		43.40 to 38.78		924		2.14%		11.83% to 11.16%
2024		0.70% to 1.30%		25,830		38.81 to 34.89		955		1.33%		16.02% to 15.32%
2023		0.70% to 1.30%		27,617		33.45 to 30.25		885		2.09%		13.40% to 12.72%
2022		0.70% to 1.30%		29,385		29.50 to 26.84		833		1.45%		(8.74)% to (9.29)%
2021		0.70% to 1.30%		27,834		32.32 to 29.59		864		1.54%		25.91% to 25.16%
ClearBridge Variable Dividend Strategy Portfolio — Class II
2025		0.70% to 0.70%		693		42.28 to 42.28		29		1.95%		11.67% to 11.67%
2024		0.70% to 0.70%		694		37.86 to 37.86		26		1.16%		15.86% to 15.86%
2023		0.70% to 0.70%		697		32.67 to 32.67		23		1.99%		13.21% to 13.21%
2022		0.70% to 0.70%		702		28.86 to 28.86		20		0.46%		(8.87)% to (8.87)%
2021		0.70% to 0.70%		2,485		31.67 to 31.67		79		1.39%		25.73% to 25.73%

F-74

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
ClearBridge Variable Growth Portfolio — Class II
2025		0.00% to 0.70%		5,483		70.46 to 60.08		373		0.00%		13.10% to 12.31%
2024		0.00% to 0.70%		5,590		62.30 to 53.50		338		0.11%		12.42% to 11.63%
2023		0.00% to 0.70%		6,196		55.42 to 47.93		334		0.07%		24.13% to 23.27%
2022		0.00% to 0.70%		6,546		44.64 to 38.88		283		0.00%		(26.59)% to (27.10)%
2021		0.00% to 0.70%		7,070		60.81 to 53.33		414		0.17%		10.04% to 9.27%
ClearBridge Variable Large Cap Value Portfolio — Class I
2025		0.00% to 1.30%		13,580		25.05 to 61.94		863		1.15%		10.20% to 8.77%
2024		0.00% to 1.30%		15,503		22.73 to 56.95		838		1.24%		8.08% to 6.67%
2023		0.00% to 1.30%		17,242		21.03 to 53.39		886		1.31%		15.09% to 13.61%
2022		0.00% to 1.30%		18,038		18.27 to 46.99		815		1.33%		(6.43)% to (7.64)%
2021		0.00% to 1.30%		18,393		19.53 to 50.88		936		1.05%		26.21% to 24.57%
Lincoln Variable Insurance Products Trust
LVIP American Century Inflation Protection Fund — Service Class
2025		0.00% to 0.70%		9,682		18.26 to 15.79		172		6.80%		6.33% to 5.59%
2024		0.00% to 0.70%		11,885		17.18 to 14.96		199		3.77%		1.54% to 0.82%
2023		0.00% to 0.70%		11,902		16.92 to 14.83		197		3.33%		3.40% to 2.68%
2022		0.00% to 0.70%		11,769		16.36 to 14.45		188		5.54%		(13.08)% to (13.68)%
2021		0.00% to 0.70%		30,163		18.82 to 16.74		562		3.15%		6.27% to 5.52%
MFS^® Variable Insurance Trust
MFS^® Investors Trust Series — Service Class Shares
2025		0.00% to 0.70%		8,915		74.82 to 48.54		560		0.58%		13.32% to 12.53%
2024		0.00% to 0.70%		9,685		66.02 to 43.14		529		0.47%		19.22% to 18.38%
2023		0.00% to 0.70%		9,807		55.38 to 36.44		449		0.47%		18.66% to 17.84%
2022		0.00% to 0.70%		9,908		46.67 to 30.92		382		0.39%		(16.69)% to (17.27)%
2021		0.00% to 0.70%		9,946		56.01 to 37.38		459		0.42%		26.51% to 25.62%
MFS^® New Discovery Series — Service Class Shares
2025		0.00% to 1.30%		17,509		62.95 to 61.73		897		0.00%		12.56% to 11.10%
2024		0.00% to 1.30%		19,046		55.93 to 55.57		869		0.00%		6.44% to 5.04%
2023		0.00% to 1.30%		20,674		52.55 to 52.90		893		0.00%		14.25% to 12.78%
2022		0.00% to 1.30%		22,269		45.99 to 46.90		839		0.00%		(29.99)% to (30.90)%
2021		0.00% to 1.30%		24,106		65.70 to 67.88		1,290		0.00%		1.57% to 0.26%
MFS^® Total Return Series — Service Class Shares
2025		0.00% to 0.70%		24,840		35.56 to 30.75		867		2.55%		10.91% to 10.14%
2024		0.00% to 0.70%		24,927		32.06 to 27.92		785		2.31%		7.46% to 6.70%
2023		0.00% to 0.70%		25,194		29.83 to 26.16		739		1.85%		10.22% to 9.45%
2022		0.00% to 0.70%		25,685		27.07 to 23.91		684		1.43%		(9.84)% to (10.47)%
2021		0.00% to 0.70%		35,524		30.02 to 26.70		1,055		1.62%		13.84% to 13.04%

F-75

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
MFS^® Utilities Series — Service Class Shares
2025		0.00% to 0.70%		32,058		94.24 to 51.32		1,765		2.57%		14.76% to 13.96%
2024		0.00% to 0.70%		37,962		82.12 to 45.03		1,865		2.11%		11.34% to 10.56%
2023		0.00% to 0.70%		39,529		73.75 to 40.73		1,754		3.38%		(2.33)% to (3.01)%
2022		0.00% to 0.70%		42,713		75.51 to 42.00		1,955		2.21%		0.48% to (0.22)%
2021		0.00% to 0.70%		45,032		75.15 to 42.09		2,056		1.53%		13.82% to 13.03%
MFS^® Variable Insurance Trust II
MFS^® Massachusetts Investors Growth Stock Portfolio — Service Class Shares
2025		0.00% to 0.70%		36,340		36.42 to 33.77		1,279		0.02%		9.61% to 8.84%
2024		0.00% to 0.70%		37,937		33.23 to 31.02		1,221		0.13%		15.98% to 15.16%
2023		0.00% to 0.70%		38,249		28.65 to 26.94		1,065		0.05%		23.70% to 22.84%
2022		0.00% to 0.70%		39,210		23.16 to 21.93		886		0.00%		(19.45)% to (20.01)%
2021		0.00% to 0.70%		44,203		28.75 to 27.42		1,246		0.03%		25.66% to 24.78%
PIMCO Variable Insurance Trust
All Asset Portfolio — Advisor Class Shares
2025		0.00% to 0.70%		12,308		27.97 to 24.19		334		4.74%		14.19% to 13.39%
2024		0.00% to 0.70%		11,828		24.50 to 21.33		281		6.30%		3.57% to 2.84%
2023		0.00% to 0.70%		10,060		23.65 to 20.74		230		2.84%		8.02% to 7.26%
2022		0.00% to 0.70%		9,479		21.89 to 19.34		201		7.56%		(11.87)% to (12.48)%
2021		0.00% to 0.70%		9,051		24.84 to 22.10		219		10.98%		16.04% to 15.23%
High Yield Portfolio — Administrative Class Shares
2025		0.00% to 0.70%		29,246		42.81 to 35.26		1,139		6.27%		8.95% to 8.19%
2024		0.00% to 0.70%		30,747		39.30 to 32.59		1,100		5.83%		6.89% to 6.13%
2023		0.00% to 0.70%		36,005		36.76 to 30.71		1,224		5.66%		12.22% to 11.43%
2022		0.00% to 0.70%		37,703		32.76 to 27.56		1,147		5.04%		(10.28)% to (10.91)%
2021		0.00% to 0.70%		40,897		36.52 to 30.93		1,393		4.44%		3.63% to 2.91%
International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares
2025		0.00% to 0.70%		4,306		31.30 to 26.19		118		3.49%		3.95% to 3.23%
2024		0.00% to 0.70%		4,539		30.11 to 25.37		120		3.60%		5.46% to 4.72%
2023		0.00% to 0.70%		4,899		28.55 to 24.23		124		2.59%		9.02% to 8.25%
2022		0.00% to 0.70%		4,676		26.19 to 22.38		109		1.46%		(10.15)% to (10.78)%
2021		0.00% to 0.70%		6,732		29.15 to 25.09		180		1.58%		(1.96)% to (2.64)%
Long-Term U.S. Government Portfolio — Administrative Class Shares
2025		0.00% to 0.70%		48,185		30.50 to 26.14		1,354		3.27%		6.29% to 5.55%
2024		0.00% to 0.70%		47,276		28.69 to 24.77		1,257		2.73%		(6.01)% to (6.68)%
2023		0.00% to 0.70%		47,793		30.53 to 26.54		1,363		2.38%		3.99% to 3.26%
2022		0.00% to 0.70%		49,475		29.36 to 25.70		1,365		2.04%		(28.87)% to (29.37)%
2021		0.00% to 0.70%		51,295		41.27 to 36.39		2,005		1.56%		(4.78)% to (5.45)%

F-76

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Low Duration Portfolio — Administrative Class Shares
2025		0.00% to 0.70%		39,369		17.28 to 14.94		620		3.94%		5.52% to 4.78%
2024		0.00% to 0.70%		40,022		16.37 to 14.26		596		3.98%		4.50% to 3.76%
2023		0.00% to 0.70%		40,085		15.67 to 13.74		582		3.59%		4.97% to 4.24%
2022		0.00% to 0.70%		43,222		14.93 to 13.18		597		1.67%		(5.74)% to (6.40)%
2021		0.00% to 0.70%		45,382		15.84 to 14.09		667		0.53%		(0.93)% to (1.62)%
Total Return Portfolio — Administrative Class Shares
2025		0.00% to 1.30%		167,285		29.56 to 17.50		4,219		4.10%		8.89% to 7.48%
2024		0.00% to 1.30%		173,684		27.15 to 16.28		4,038		4.04%		2.53% to 1.19%
2023		0.00% to 1.30%		188,159		26.48 to 16.09		4,287		3.56%		5.93% to 4.56%
2022		0.00% to 1.30%		205,991		24.99 to 15.39		4,419		2.60%		(14.30)% to (15.41)%
2021		0.00% to 1.30%		220,820		29.16 to 18.19		5,658		1.82%		(1.27)% to (2.55)%
Rydex Variable Trust
NASDAQ — 100^® Fund
2025		0.00% to 0.70%		15,983		143.09 to 46.68		897		0.03%		19.04% to 18.21%
2024		0.00% to 0.70%		15,144		120.21 to 39.49		708		0.21%		23.91% to 23.03%
2023		0.00% to 0.70%		15,088		97.02 to 32.10		569		0.00%		53.22% to 52.15%
2022		0.00% to 0.70%		15,226		63.32 to 21.10		376		0.00%		(34.14)% to (34.60)%
2021		0.00% to 0.70%		19,123		96.14 to 32.26		734		0.00%		25.54% to 24.66%
State Street Variable Insurance Series Funds, Inc.
Income V.I.S. Fund — Class 1 Shares
2025		0.00% to 1.30%		52,449		18.66 to 16.77		963		3.68%		5.91% to 4.54%
2024		0.00% to 1.30%		52,888		17.62 to 16.04		931		3.25%		(0.82)% to (2.11)%
2023		0.00% to 1.30%		53,663		17.77 to 16.39		958		1.97%		4.68% to 3.33%
2022		0.00% to 1.30%		58,450		16.97 to 15.86		1,010		2.35%		(14.38)% to (15.49)%
2021		0.00% to 1.30%		69,547		19.82 to 18.77		1,409		2.07%		(1.81)% to (3.09)%
Premier Growth Equity V.I.S. Fund — Class 1 Shares
2025		0.00% to 1.30%		49,659		116.56 to 81.28		4,808		0.00%		20.00% to 18.44%
2024		0.00% to 1.30%		52,662		97.14 to 68.62		4,273		0.00%		31.06% to 29.34%
2023		0.00% to 1.30%		56,638		74.12 to 53.06		3,519		0.00%		46.28% to 44.39%
2022		0.00% to 1.30%		61,150		50.67 to 36.75		2,609		0.00%		(30.43)% to (31.33)%
2021		0.00% to 1.30%		63,792		72.83 to 53.51		3,932		0.00%		24.97% to 23.35%
Real Estate Securities V.I.S. Fund — Class 1 Shares
2025		0.00% to 1.30%		26,525		75.36 to 125.77		3,150		1.05%		1.96% to 0.64%
2024		0.00% to 1.30%		31,294		73.91 to 124.98		3,554		1.76%		10.46% to 9.02%
2023		0.00% to 1.30%		33,021		66.91 to 114.63		3,453		2.23%		13.50% to 12.03%
2022		0.00% to 1.30%		36,728		58.95 to 102.32		3,414		1.37%		(24.93)% to (25.90)%
2021		0.00% to 1.30%		40,105		78.53 to 138.08		5,031		2.23%		41.80% to 39.97%

F-77

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
S&P 500^® Index V.I.S. Fund — Class 1 Shares
2025		0.00% to 1.30%		164,167		91.45 to 253.38		39,390		0.95%		17.52% to 15.99%
2024		0.00% to 1.30%		188,879		77.82 to 218.44		37,930		1.12%		24.63% to 23.00%
2023		0.00% to 1.30%		212,495		62.44 to 177.60		33,319		1.34%		25.96% to 24.33%
2022		0.00% to 1.30%		228,540		49.57 to 142.84		28,727		1.33%		(18.31)% to (19.37)%
2021		0.00% to 1.30%		249,553		60.69 to 177.16		37,410		1.12%		28.27% to 26.61%
Small-Cap Equity V.I.S. Fund — Class 1 Shares
2025		0.00% to 1.30%		46,042		77.06 to 54.75		3,013		0.00%		(0.25)% to (1.54)%
2024		0.00% to 1.30%		49,379		77.25 to 55.61		3,266		0.11%		10.32% to 8.88%
2023		0.00% to 1.30%		53,137		70.02 to 51.07		3,192		0.00%		13.55% to 12.09%
2022		0.00% to 1.30%		56,610		61.67 to 45.57		3,010		0.00%		(15.40)% to (16.49)%
2021		0.00% to 1.30%		60,188		72.89 to 54.56		3,815		0.00%		20.53% to 18.97%
Total Return V.I.S. Fund — Class 1 Shares
2025		0.00% to 1.30%		53,461		40.37 to 92.75		3,536		2.34%		15.86% to 14.35%
2024		0.00% to 1.30%		76,813		34.85 to 81.10		3,955		4.34%		11.31% to 9.86%
2023		0.00% to 1.30%		95,136		31.31 to 73.83		4,206		2.28%		15.48% to 13.99%
2022		0.00% to 1.30%		108,332		27.11 to 64.76		4,103		0.92%		(16.51)% to (17.59)%
2021		0.00% to 1.30%		116,463		32.47 to 78.59		5,254		2.09%		13.45% to 11.98%
Total Return V.I.S. Fund — Class 3 Shares
2025		0.00% to 0.70%		17,560		28.10 to 24.47		492		2.29%		15.48% to 14.67%
2024		0.00% to 0.70%		17,873		24.33 to 21.34		434		4.41%		11.06% to 10.27%
2023		0.00% to 0.70%		18,134		21.91 to 19.35		396		2.10%		15.21% to 14.40%
2022		0.00% to 0.70%		18,315		19.02 to 16.92		347		0.39%		(16.72)% to (17.30)%
2021		0.00% to 0.70%		25,020		22.84 to 20.46		570		1.79%		13.20% to 12.41%
U.S. Equity V.I.S. Fund — Class 1 Shares
2025		0.00% to 1.30%		33,632		85.75 to 67.16		2,615		0.20%		16.46% to 14.95%
2024		0.00% to 1.30%		36,421		73.63 to 58.42		2,451		0.41%		24.55% to 22.92%
2023		0.00% to 1.30%		39,429		59.12 to 47.53		2,140		0.50%		27.91% to 26.26%
2022		0.00% to 1.30%		40,962		46.22 to 37.65		1,750		0.48%		(18.91)% to (19.96)%
2021		0.00% to 1.30%		44,413		57.00 to 47.03		2,351		0.35%		25.49% to 23.87%
The Alger Portfolios
Alger Large Cap Growth Portfolio — Class I-2 Shares
2025		0.70% to 1.30%		41,551		158.03 to 131.69		6,310		0.00%		29.36% to 28.58%
2024		0.70% to 1.30%		43,316		122.16 to 102.42		5,092		0.00%		41.88% to 41.02%
2023		0.70% to 1.30%		47,013		86.10 to 72.62		3,900		0.00%		31.74% to 30.95%
2022		0.70% to 1.30%		50,798		65.36 to 55.46		3,204		0.00%		(39.08)% to (39.45)%
2021		0.70% to 1.30%		54,283		107.29 to 91.59		5,615		0.00%		11.06% to 10.39%

F-78

GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025


	Expense as a % of Average Net Assets (1)		Units		Unit Value		Net Assets 000s		Investment Income Ratio (2)		Total Return (3)
Alger Small Cap Growth Portfolio — Class I-2 Shares
2025		0.70% to 1.30%		50,979		48.66 to 40.55		2,360		0.00%		5.17% to 4.54%
2024		0.70% to 1.30%		53,161		46.27 to 38.79		2,344		0.38%		7.37% to 6.72%
2023		0.70% to 1.30%		58,078		43.10 to 36.35		2,392		0.00%		15.68% to 14.99%
2022		0.70% to 1.30%		63,962		37.26 to 31.61		2,284		0.00%		(38.45)% to (38.82)%
2021		0.70% to 1.30%		71,569		60.53 to 51.67		4,158		0.00%		(6.72)% to (7.28)%
The Prudential Series Fund
PSF PGIM Jennison Blend Portfolio — Class II Shares
2025		0.00% to 0.70%		67,508		15.42 to 15.20		1,031		0.00%		18.05% to 17.22%
2024		0.00% to 0.70%		10,934		13.07 to 12.97		142		0.00%		25.80% to 24.92%
2023 (6)		0.00% to 0.70%		13,363		10.39 to 10.38		139		0.00%		3.86% to 3.82%
PSF PGIM Jennison Growth Portfolio — Class II Shares
2025		0.00% to 0.70%		3,869		147.55 to 125.82		551		0.00%		13.81% to 13.01%
2024		0.00% to 0.70%		3,944		129.65 to 111.34		494		0.00%		30.35% to 29.43%
2023		0.00% to 0.70%		4,160		99.46 to 86.02		399		0.00%		52.89% to 51.83%
2022		0.00% to 0.00%		3,034		65.05 to 65.05		197		0.00%		(37.85)% to (37.85)%
2021		0.00% to 0.00%		3,834		104.67 to 104.67		401		0.00%		15.55% to 15.55%

(1)

Expenses as a percentage of average net assets represent the annualized asset-based policy expenses of the Separate Account, consisting of mortality and expense risk charges, administrative expenses, and other rider charges for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to the policy owner through the redemption of units and expenses of the underlying Portfolios are excluded.

(2)	The investment income ratio represents the ordinary dividends received by the subaccount from the Portfolio divided by average net assets.

(3)

The total return represents a range of maximum and minimum annual total returns for the year or lesser period indicated and includes deductions for expenses assessed through the daily unit value calculation. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Standardized total returns shown separately in a prospectus or marketing material for a product supported by the Separate Account include the maximum policy charges that may be assessed to any policy through both the daily unit value calculation and the redemption of units. Accordingly, these standardized total returns will generally reflect a lower return than the total return.

(4)	The ratios of expenses and net investment income to average net assets are annualized for the period from April 30, 2021, to December 31, 2021.

(5)	The ratios of expenses and net investment income to average net assets are annualized for the period from April 29, 2022, to December 31, 2022.

(6)	The ratios of expenses and net investment income to average net assets are annualized for the period from December 8, 2023, to December 31, 2023.

(7)	The ratios of expenses and net investment income to average net assets are annualized for the period from April 26, 2024, to December 31, 2024.

F-79


	Page
Report of Independent Registered Public Accounting Firm		F-1

Statements of Assets and Liabilities		F-6

Statements of Operations		F-16

Statements of Changes in Net Assets		F-26

Notes to Financial Statements		F-52