0000826734-26-000054.txt : 20260427 0000826734-26-000054.hdr.sgml : 20260427 20260427152556 ACCESSION NUMBER: 0000826734-26-000054 CONFORMED SUBMISSION TYPE: N-VPFS PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20251231 FILED AS OF DATE: 20260427 DATE AS OF CHANGE: 20260427 EFFECTIVENESS DATE: 20260427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORTITUDE LIFE INSURANCE & ANNUITY Co VARIABLE ACCOUNT B CENTRAL INDEX KEY: 0000826734 ORGANIZATION NAME: EIN: 061241288 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-VPFS SEC ACT: 1940 Act SEC FILE NUMBER: 811-05438 FILM NUMBER: 26900157 BUSINESS ADDRESS: STREET 1: 10 EXCHANGE PLACE STREET 2: 22ND FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 615-981-8801 MAIL ADDRESS: STREET 1: 10 EXCHANGE PLACE STREET 2: 22ND FLOOR CITY: JERSEY CITY STATE: NJ ZIP: 07302 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL ANNUITIES LIFE ASSURANCE CORP VARIABLE ACCOUNT B DATE OF NAME CHANGE: 20080102 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN SKANDIA LIFE ASSUR CORP VAR ACCT B CL 1 SUB ACCTS DATE OF NAME CHANGE: 19950424 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN SKANDIA LIFE ASSURANCE CORP DATE OF NAME CHANGE: 19891121 0000826734 S000001297 FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VAR ACCT B C000003474 Advanced Series Advisor Plan III C000003475 Advanced Series Advisor Plan II C000003476 Advanced Series XTra Credit C000003477 ASXT 4 C000003478 ASL C000003479 AS Pro C000003480 Wells VA+ C000003481 Wells Apex C000003482 AS Impact C000003483 Galaxy 3 C000003484 APEX C000003485 Advanced Series Advisors Choice 2000 C000003486 Advanced Series APEX II C000003487 Advanced Series LifeVest II C000003489 VIA-T C000003490 VIA-S C000003491 VIA-G C000003492 ASAP I C000010674 Stagecoach APEX C000010675 Optimum C000010676 Optimum Plus C000010677 Optimum Four C000010678 Stagecoach APEX II C000010679 Stagecoach Advanced Series Advisor Plan III C000010680 Stagecoach XTra Credit SIX C000010681 Stagecoach Extra Credit C000010682 Stagecoarch Variable C000010683 Stagecoach Variable Annuity Flex C000010684 Stagecoach Variable Annuity Plus W95 C000010685 Stagecoach Variable Annuity Plus W99 C000010694 Advanced Series LifeVest II Premier C000010695 Xtra Credit Four Premier C000010696 Advanced Series Advisor Plan II Premier C000010697 Lifevest Premier C000010698 Advanced Series XTra Credit Premier C000010699 Harvester Variable Annuity C000010700 Harvester XTra Credit C000065279 Advanced Series XTra Credit Eight C000067859 Optimum XTRA C000069380 Advanced Series Cornerstone C000211541 Personal Security Annuity C000218665 FlexGuard B Series C000226913 FlexGuard Income B Series C000227712 ADVISORS CHOICE ADVISORS SELECT C000227713 Alliance Capital Navigator Annuity C000227714 ADVANCED SERIES XTRA CREDITSM SIX PREMIER N-VPFS 1 a2025-96701fortitudelifein.htm 2025 96701 FLIAC B_N-VPFS

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			AST Large-Cap Growth Portfolio						AST Government Money Market Portfolio						AST Cohen & Steers Realty Portfolio**						AST J.P. Morgan Conservative Multi-Asset Portfolio						AST High Yield Portfolio**
ASSETS
Investment in the portfolios, at fair value			$	1,781,071,891					$	454,127,042					$	—					$	608,550,344					$	—
Net Assets			$	1,781,071,891					$	454,127,042					$	—					$	608,550,344					$	—
NET ASSETS, representing:
Accumulation units			$	1,776,114,126					$	453,992,881					$	—					$	608,521,207					$	—
Contracts in payout (annuitization) period			4,957,765						134,161						—						29,137						—
			$	1,781,071,891					$	454,127,042					$	—					$	608,550,344					$	—
Units outstanding			16,926,800						37,045,963						—						20,726,190						—
Portfolio shares held			16,125,594						454,127,042						—						22,340,321						—
Portfolio net asset value per share			$	110.45					$	1.00					$	—					$	27.24					$	—
Investment in portfolio shares, at cost			$	1,036,758,092					$	454,127,042					$	—					$	499,236,058					$	—

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Large-Cap Growth Portfolio						AST Government Money Market Portfolio						AST Cohen & Steers Realty Portfolio						AST J.P. Morgan Conservative Multi-Asset Portfolio						AST High Yield Portfolio
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						1/24/2025**						12/31/2025						2/7/2025**
INVESTMENT INCOME
Dividend income			$	—					$	17,078,397					$	—					$	—					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			22,794,067						5,539,210						61,879						7,425,223						111,858
NET INVESTMENT INCOME (LOSS)			(22,794,067)						11,539,187						(61,879)						(7,425,223)						(111,858)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			162,680,518						—						11,896,728						17,241,722						12,076,484
Net change in unrealized appreciation (depreciation) on investments			111,765,836						—						(10,535,771)						40,538,073						(10,791,421)
NET GAIN (LOSS) ON INVESTMENTS			274,446,354						—						1,360,957						57,779,795						1,285,063
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	251,652,287					$	11,539,187					$	1,299,078					$	50,354,572					$	1,173,205

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

The accompanying notes are an integral part of these financial statements.

A1

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			AST Large-Cap Value Portfolio						AST Small-Cap Equity Portfolio						AST T. Rowe Price Natural Resources Portfolio**						AST MFS Global Equity Portfolio**						AST International Equity Portfolio
ASSETS
Investment in the portfolios, at fair value			$	982,475,597					$	479,987,536					$	—					$	—					$	474,846,769
Net Assets			$	982,475,597					$	479,987,536					$	—					$	—					$	474,846,769
NET ASSETS, representing:
Accumulation units			$	977,370,591					$	478,606,314					$	—					$	—					$	473,687,106
Contracts in payout (annuitization) period			5,105,006						1,381,222						—						—						1,159,663
			$	982,475,597					$	479,987,536					$	—					$	—					$	474,846,769
Units outstanding			18,560,456						7,431,489						—						—						9,933,513
Portfolio shares held			16,098,240						5,574,768						—						—						13,308,486
Portfolio net asset value per share			$	61.03					$	86.10					$	—					$	—					$	35.68
Investment in portfolio shares, at cost			$	773,037,010					$	424,814,157					$	—					$	—					$	315,349,655

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Large-Cap Value Portfolio						AST Small-Cap Equity Portfolio						AST T. Rowe Price Natural Resources Portfolio						AST MFS Global Equity Portfolio						AST International Equity Portfolio
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						1/24/2025**						1/24/2025**						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	—					$	—					$	—					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			12,813,782						6,039,037						50,270						92,895						5,999,427
NET INVESTMENT INCOME (LOSS)			(12,813,782)						(6,039,037)						(50,270)						(92,895)						(5,999,427)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			27,872,292						12,351,627						9,716,257						28,902,150						30,874,731
Net change in unrealized appreciation (depreciation) on investments			113,408,862						19,565,842						(3,819,128)						(25,218,756)						96,106,486
NET GAIN (LOSS) ON INVESTMENTS			141,281,154						31,917,469						5,897,129						3,683,394						126,981,217
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	128,467,372					$	25,878,432					$	5,846,859					$	3,590,499					$	120,981,790

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

The accompanying notes are an integral part of these financial statements.

A2

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			AST Aggressive Asset Allocation Portfolio						AST Multi-Asset Diversified Plus Portfolio						AST Balanced Asset Allocation Portfolio						AST Preservation Asset Allocation Portfolio						AST J.P. Morgan Moderate Multi-Asset Portfolio
ASSETS
Investment in the portfolios, at fair value			$	3,176,861,171					$	781,718,216					$	4,069,046,282					$	736,960,962					$	361,112,599
Net Assets			$	3,176,861,171					$	781,718,216					$	4,069,046,282					$	736,960,962					$	361,112,599
NET ASSETS, representing:
Accumulation units			$	3,176,434,992					$	781,381,492					$	4,069,030,317					$	736,960,962					$	361,112,599
Contracts in payout (annuitization) period			426,179						336,724						15,965						—						—
			$	3,176,861,171					$	781,718,216					$	4,069,046,282					$	736,960,962					$	361,112,599
Units outstanding			98,722,827						41,837,380						144,350,814						35,127,521						15,417,496
Portfolio shares held			84,378,783						35,468,159						126,998,948						31,108,525						13,489,451
Portfolio net asset value per share			$	37.65					$	22.04					$	32.04					$	23.69					$	26.77
Investment in portfolio shares, at cost			$	1,716,547,302					$	610,976,358					$	3,321,099,344					$	579,812,945					$	263,916,447

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Aggressive Asset Allocation Portfolio						AST Multi-Asset Diversified Plus Portfolio						AST Balanced Asset Allocation Portfolio						AST Preservation Asset Allocation Portfolio						AST J.P. Morgan Moderate Multi-Asset Portfolio
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	—					$	—					$	—					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			43,194,754						10,607,362						51,209,129						10,118,592						4,147,408
NET INVESTMENT INCOME (LOSS)			(43,194,754)						(10,607,362)						(51,209,129)						(10,118,592)						(4,147,408)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			307,685,273						34,446,134						298,103,323						38,899,537						21,433,622
Net change in unrealized appreciation (depreciation) on investments			160,739,123						61,534,237						233,643,992						39,489,128						19,361,423
NET GAIN (LOSS) ON INVESTMENTS			468,424,396						95,980,371						531,747,315						78,388,665						40,795,045
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	425,229,642					$	85,373,009					$	480,538,186					$	68,270,073					$	36,647,637

The accompanying notes are an integral part of these financial statements.

A3

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			AST Core Fixed Income Portfolio						Davis Equity Portfolio						Columbia Variable Portfolio - Small Company Growth Fund (Class 1)						ProFund VP Asia 30						ProFund VP Banks
ASSETS
Investment in the portfolios, at fair value			$	1,358,140,726					$	1,080,128					$	524,453					$	3,480,734					$	3,378,705
Net Assets			$	1,358,140,726					$	1,080,128					$	524,453					$	3,480,734					$	3,378,705
NET ASSETS, representing:
Accumulation units			$	1,353,757,743					$	1,080,128					$	524,453					$	3,480,734					$	3,378,705
Contracts in payout (annuitization) period			4,382,983						—						—						—						—
			$	1,358,140,726					$	1,080,128					$	524,453					$	3,480,734					$	3,378,705
Units outstanding			97,993,606						24,063						5,163						119,629						239,118
Portfolio shares held			94,446,504						172,269						35,010						74,838						94,774
Portfolio net asset value per share			$	14.38					$	6.27					$	14.98					$	46.51					$	35.65
Investment in portfolio shares, at cost			$	1,260,257,847					$	1,130,928					$	509,952					$	3,325,787					$	3,304,857

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Core Fixed Income Portfolio						Davis Equity Portfolio						Columbia Variable Portfolio - Small Company Growth Fund (Class 1)						ProFund VP Asia 30						ProFund VP Banks
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	10,230					$	—					$	166,385					$	37,499
EXPENSES
Charges for mortality and expense risk,
and for administration			16,991,981						13,800						4,695						48,686						34,336
NET INVESTMENT INCOME (LOSS)			(16,991,981)						(3,570)						(4,695)						117,699						3,163
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						154,904						60,346						—						—
Net realized gain (loss) on shares redeemed			(5,575,524)						(48,362)						(6,277)						542,554						152,087
Net change in unrealized appreciation (depreciation) on investments			98,281,676						122,232						41,754						67,003						114,667
NET GAIN (LOSS) ON INVESTMENTS			92,706,152						228,774						95,823						609,557						266,754
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	75,714,171					$	225,204					$	91,128					$	727,256					$	269,917

The accompanying notes are an integral part of these financial statements.

A4

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			ProFund VP Bear						ProFund VP Biotechnology						ProFund VP Materials						ProFund VP UltraBull						ProFund VP Bull
ASSETS
Investment in the portfolios, at fair value			$	993,994					$	5,457,245					$	3,623,750					$	8,798,752					$	14,003,737
Net Assets			$	993,994					$	5,457,245					$	3,623,750					$	8,798,752					$	14,003,737
NET ASSETS, representing:
Accumulation units			$	993,962					$	5,457,245					$	3,623,750					$	8,798,752					$	14,003,737
Contracts in payout (annuitization) period			32						—						—						—						—
			$	993,994					$	5,457,245					$	3,623,750					$	8,798,752					$	14,003,737
Units outstanding			1,823,661						97,299						112,278						104,876						296,996
Portfolio shares held			108,990						109,738						46,298						193,379						218,672
Portfolio net asset value per share			$	9.12					$	49.73					$	78.27					$	45.50					$	64.04
Investment in portfolio shares, at cost			$	1,176,558					$	4,429,314					$	3,838,147					$	7,858,958					$	13,698,014

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Bear						ProFund VP Biotechnology						ProFund VP Materials						ProFund VP UltraBull						ProFund VP Bull
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	29,957					$	—					$	8,293					$	57,450					$	58,050
EXPENSES
Charges for mortality and expense risk,
and for administration			11,697						50,886						43,112						102,197						194,266
NET INVESTMENT INCOME (LOSS)			18,260						(50,886)						(34,819)						(44,747)						(136,216)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						337,813						491,527						1,038,041						741,898
Net realized gain (loss) on shares redeemed			(50,593)						(1,437,839)						86,275						1,289,103						1,335,754
Net change in unrealized appreciation (depreciation) on investments			(138,363)						2,476,681						(325,653)						(654,891)						(198,608)
NET GAIN (LOSS) ON INVESTMENTS			(188,956)						1,376,655						252,149						1,672,253						1,879,044
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	(170,696)					$	1,325,769					$	217,330					$	1,627,506					$	1,742,828

The accompanying notes are an integral part of these financial statements.

A5

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			ProFund VP Consumer Discretionary						ProFund VP Consumer Staples						ProFund VP Energy						ProFund VP Europe 30						ProFund VP Financials
ASSETS
Investment in the portfolios, at fair value			$	6,786,926					$	6,066,494					$	7,405,657					$	4,384,713					$	8,886,396
Net Assets			$	6,786,926					$	6,066,494					$	7,405,657					$	4,384,713					$	8,886,396
NET ASSETS, representing:
Accumulation units			$	6,786,926					$	6,066,494					$	7,384,273					$	4,382,066					$	8,886,396
Contracts in payout (annuitization) period			—						—						21,384						2,647						—
			$	6,786,926					$	6,066,494					$	7,405,657					$	4,384,713					$	8,886,396
Units outstanding			158,404						203,267						270,833						215,189						354,160
Portfolio shares held			93,989						215,124						201,514						139,953						150,566
Portfolio net asset value per share			$	72.21					$	28.20					$	36.75					$	31.33					$	59.02
Investment in portfolio shares, at cost			$	6,172,835					$	6,733,065					$	7,887,268					$	3,798,738					$	7,507,189

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Consumer Discretionary						ProFund VP Consumer Staples						ProFund VP Energy						ProFund VP Europe 30						ProFund VP Financials
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	56,234					$	168,016					$	97,321					$	681
EXPENSES
Charges for mortality and expense risk,
and for administration			99,195						83,427						96,927						54,957						129,410
NET INVESTMENT INCOME (LOSS)			(99,195)						(27,193)						71,089						42,364						(128,729)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			510,115						618,797						937,596						136,812						136,841
Net realized gain (loss) on shares redeemed			296,824						(1,314,969)						(960,686)						408,761						891,833
Net change in unrealized appreciation (depreciation) on investments			(532,776)						615,106						259,197						413,680						9,757
NET GAIN (LOSS) ON INVESTMENTS			274,163						(81,066)						236,107						959,253						1,038,431
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	174,968					$	(108,259)					$	307,196					$	1,001,617					$	909,702

The accompanying notes are an integral part of these financial statements.

A6

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			ProFund VP U.S. Government Plus						ProFund VP Health Care						ProFund Access VP High Yield Fund						ProFund VP Industrials						ProFund VP Internet
ASSETS
Investment in the portfolios, at fair value			$	1,811,981					$	16,636,252					$	1,988,890					$	6,348,374					$	6,444,587
Net Assets			$	1,811,981					$	16,636,252					$	1,988,890					$	6,348,374					$	6,444,587
NET ASSETS, representing:
Accumulation units			$	1,811,981					$	16,594,288					$	1,988,890					$	6,348,374					$	6,444,587
Contracts in payout (annuitization) period			—						41,964						—						—						—
			$	1,811,981					$	16,636,252					$	1,988,890					$	6,348,374					$	6,444,587
Units outstanding			147,202						429,340						83,385						131,974						43,333
Portfolio shares held			172,078						262,401						76,940						62,539						223,228
Portfolio net asset value per share			$	10.53					$	63.40					$	25.85					$	101.51					$	28.87
Investment in portfolio shares, at cost			$	1,905,457					$	17,310,825					$	1,884,357					$	5,669,956					$	5,113,279

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP U.S. Government Plus						ProFund VP Health Care						ProFund Access VP High Yield Fund						ProFund VP Industrials						ProFund VP Internet
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	63,923					$	708					$	48,068					$	—					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			26,575						220,233						25,533						85,786						79,511
NET INVESTMENT INCOME (LOSS)			37,348						(219,525)						22,535						(85,786)						(79,511)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						1,828,963						—						148,618						56,711
Net realized gain (loss) on shares redeemed			(256,521)						(929,737)						(19,517)						247,494						746,748
Net change in unrealized appreciation (depreciation) on investments			109,151						1,132,903						99,613						553,434						(196,422)
NET GAIN (LOSS) ON INVESTMENTS			(147,370)						2,032,129						80,096						949,546						607,037
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	(110,022)					$	1,812,604					$	102,631					$	863,760					$	527,526

The accompanying notes are an integral part of these financial statements.

A7

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			ProFund VP Japan						ProFund VP Precious Metals						ProFund VP Mid-Cap Growth						ProFund VP Mid-Cap Value						ProFund VP Pharmaceuticals
ASSETS
Investment in the portfolios, at fair value			$	3,003,565					$	16,783,819					$	11,899,599					$	8,555,142					$	1,576,092
Net Assets			$	3,003,565					$	16,783,819					$	11,899,599					$	8,555,142					$	1,576,092
NET ASSETS, representing:
Accumulation units			$	3,003,565					$	16,760,363					$	11,899,599					$	8,555,142					$	1,576,092
Contracts in payout (annuitization) period			—						23,456						—						—						—
			$	3,003,565					$	16,783,819					$	11,899,599					$	8,555,142					$	1,576,092
Units outstanding			94,140						702,591						289,171						212,612						65,059
Portfolio shares held			42,884						261,471						311,263						200,637						38,564
Portfolio net asset value per share			$	70.04					$	64.19					$	38.23					$	42.64					$	40.87
Investment in portfolio shares, at cost			$	2,792,705					$	12,477,846					$	12,005,816					$	8,536,932					$	1,341,475

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Japan						ProFund VP Precious Metals						ProFund VP Mid-Cap Growth						ProFund VP Mid-Cap Value						ProFund VP Pharmaceuticals
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	121,989					$	260,703					$	—					$	23,088					$	3,327
EXPENSES
Charges for mortality and expense risk,
and for administration			32,790						146,753						160,595						109,621						16,707
NET INVESTMENT INCOME (LOSS)			89,199						113,950						(160,595)						(86,533)						(13,380)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			454,569						—						1,101,166						660,322						—
Net realized gain (loss) on shares redeemed			(184,391)						4,885,673						(89,100)						90,078						120,664
Net change in unrealized appreciation (depreciation) on investments			319,487						5,292,354						(360,244)						(321,008)						294,384
NET GAIN (LOSS) ON INVESTMENTS			589,665						10,178,027						651,822						429,392						415,048
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	678,864					$	10,291,977					$	491,227					$	342,859					$	401,668

The accompanying notes are an integral part of these financial statements.

A8

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			ProFund VP Real Estate						ProFund VP Rising Rates Opportunity						ProFund VP Nasdaq-100						ProFund VP Semiconductor						ProFund VP Small-Cap Growth
ASSETS
Investment in the portfolios, at fair value			$	3,877,050					$	1,573,875					$	30,105,516					$	20,877,417					$	8,657,279
Net Assets			$	3,877,050					$	1,573,875					$	30,105,516					$	20,877,417					$	8,657,279
NET ASSETS, representing:
Accumulation units			$	3,877,050					$	1,573,875					$	29,969,036					$	20,877,417					$	8,657,279
Contracts in payout (annuitization) period			—						—						136,480						—						—
			$	3,877,050					$	1,573,875					$	30,105,516					$	20,877,417					$	8,657,279
Units outstanding			126,267						964,827						450,694						162,107						204,716
Portfolio shares held			83,593						60,026						433,111						524,032						295,168
Portfolio net asset value per share			$	46.38					$	26.22					$	69.51					$	39.84					$	29.33
Investment in portfolio shares, at cost			$	4,005,192					$	1,685,631					$	27,419,791					$	20,881,266					$	8,661,471

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Real Estate						ProFund VP Rising Rates Opportunity						ProFund VP Nasdaq-100						ProFund VP Semiconductor						ProFund VP Small-Cap Growth
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	60,637					$	63,228					$	114,001					$	—					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			53,956						22,764						384,653						236,589						124,932
NET INVESTMENT INCOME (LOSS)			6,681						40,464						(270,652)						(236,589)						(124,932)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						110,613						1,992,384						9,211,649						742,774
Net realized gain (loss) on shares redeemed			110,334						(124,410)						2,286,764						(2,326,040)						139,396
Net change in unrealized appreciation (depreciation) on investments			(155,397)						(38,005)						848,189						(721,138)						(552,059)
NET GAIN (LOSS) ON INVESTMENTS			(45,063)						(51,802)						5,127,337						6,164,471						330,111
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	(38,382)					$	(11,338)					$	4,856,685					$	5,927,882					$	205,179

The accompanying notes are an integral part of these financial statements.

A9

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			ProFund VP Short Mid-Cap						ProFund VP Short Nasdaq-100						ProFund VP Short Small-Cap						ProFund VP Small-Cap Value						ProFund VP Technology
ASSETS
Investment in the portfolios, at fair value			$	32,196					$	150,023					$	87,907					$	6,312,864					$	9,156,420
Net Assets			$	32,196					$	150,023					$	87,907					$	6,312,864					$	9,156,420
NET ASSETS, representing:
Accumulation units			$	32,196					$	150,023					$	87,907					$	6,312,864					$	9,156,420
Contracts in payout (annuitization) period			—						—						—						—						—
			$	32,196					$	150,023					$	87,907					$	6,312,864					$	9,156,420
Units outstanding			62,189						1,178,468						174,457						195,976						164,661
Portfolio shares held			5,523						19,897						5,180						140,692						121,261
Portfolio net asset value per share			$	5.83					$	7.54					$	16.97					$	44.87					$	75.51
Investment in portfolio shares, at cost			$	32,159					$	152,011					$	89,728					$	5,920,130					$	8,777,689

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Short Mid-Cap						ProFund VP Short Nasdaq-100						ProFund VP Short Small-Cap						ProFund VP Small-Cap Value						ProFund VP Technology
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	1,075					$	20,440					$	4,804					$	22,391					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			478						4,703						1,787						83,812						96,885
NET INVESTMENT INCOME (LOSS)			597						15,737						3,017						(61,421)						(96,885)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						—						—						287,145						1,811,143
Net realized gain (loss) on shares redeemed			(12,979)						(107,928)						(23,268)						13,226						692,361
Net change in unrealized appreciation (depreciation) on investments			(1,014)						20,254						(2,463)						(14,230)						(767,397)
NET GAIN (LOSS) ON INVESTMENTS			(13,993)						(87,674)						(25,731)						286,141						1,736,107
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	(13,396)					$	(71,937)					$	(22,714)					$	224,720					$	1,639,222

The accompanying notes are an integral part of these financial statements.

A10

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			ProFund VP Communication Services						ProFund VP UltraMid-Cap						ProFund VP UltraNasdaq-100						ProFund VP UltraSmall-Cap						ProFund VP Utilities
ASSETS
Investment in the portfolios, at fair value			$	4,238,132					$	5,732,888					$	92,238,572					$	2,881,317					$	11,154,995
Net Assets			$	4,238,132					$	5,732,888					$	92,238,572					$	2,881,317					$	11,154,995
NET ASSETS, representing:
Accumulation units			$	4,238,132					$	5,727,856					$	92,238,572					$	2,881,317					$	11,154,995
Contracts in payout (annuitization) period			—						5,032						—						—						—
			$	4,238,132					$	5,732,888					$	92,238,572					$	2,881,317					$	11,154,995
Units outstanding			221,862						84,484						1,460,953						88,975						315,817
Portfolio shares held			69,284						137,876						1,808,954						170,089						222,300
Portfolio net asset value per share			$	61.17					$	41.58					$	50.99					$	16.94					$	50.18
Investment in portfolio shares, at cost			$	3,619,502					$	5,510,234					$	50,179,402					$	2,848,214					$	9,667,916

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Communication Services						ProFund VP UltraMid-Cap						ProFund VP UltraNasdaq-100						ProFund VP UltraSmall-Cap						ProFund VP Utilities
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	53,969					$	187,985					$	26,446					$	160,862
EXPENSES
Charges for mortality and expense risk,
and for administration			62,043						61,836						807,650						34,497						159,007
NET INVESTMENT INCOME (LOSS)			(62,043)						(7,867)						(619,665)						(8,051)						1,855
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						—						8,257,211						—						5,186
Net realized gain (loss) on shares redeemed			977,380						(119,396)						11,496,029						(24,472)						715,990
Net change in unrealized appreciation (depreciation) on investments			(195,875)						118,597						1,446,129						271,979						569,965
NET GAIN (LOSS) ON INVESTMENTS			781,505						(799)						21,199,369						247,507						1,291,141
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	719,462					$	(8,666)					$	20,579,704					$	239,456					$	1,292,996

The accompanying notes are an integral part of these financial statements.

A11

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			ProFund VP Large-Cap Growth						ProFund VP Large-Cap Value						Rydex VT Nova Fund						Rydex VT NASDAQ-100® Fund						Rydex VT Inverse S&P 500® Strategy Fund
ASSETS
Investment in the portfolios, at fair value			$	23,394,632					$	9,888,399					$	1,797,277					$	10,791,762					$	6,886
Net Assets			$	23,394,632					$	9,888,399					$	1,797,277					$	10,791,762					$	6,886
NET ASSETS, representing:
Accumulation units			$	23,298,726					$	9,888,399					$	1,797,277					$	10,791,762					$	6,886
Contracts in payout (annuitization) period			95,906						—						—						—						—
			$	23,394,632					$	9,888,399					$	1,797,277					$	10,791,762					$	6,886
Units outstanding			379,258						326,447						38,126						171,355						10,887
Portfolio shares held			314,233						208,352						6,985						111,566						75
Portfolio net asset value per share			$	74.45					$	47.46					$	257.32					$	96.73					$	91.61
Investment in portfolio shares, at cost			$	20,621,194					$	10,033,324					$	753,863					$	5,387,074					$	11,753

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Large-Cap Growth						ProFund VP Large-Cap Value						Rydex VT Nova Fund						Rydex VT NASDAQ-100® Fund						Rydex VT Inverse S&P 500® Strategy Fund
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	63,663					$	—					$	3,274					$	676
EXPENSES
Charges for mortality and expense risk,
and for administration			317,647						143,028						22,752						145,412						105
NET INVESTMENT INCOME (LOSS)			(317,647)						(79,365)						(22,752)						(142,138)						571
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			2,000,856						1,213,576						—						595,229						—
Net realized gain (loss) on shares redeemed			2,551,249						10,047						89,821						966,688						(144)
Net change in unrealized appreciation (depreciation) on investments			(614,366)						(196,769)						221,582						266,182						(1,442)
NET GAIN (LOSS) ON INVESTMENTS			3,937,739						1,026,854						311,403						1,828,099						(1,586)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	3,620,092					$	947,489					$	288,651					$	1,685,961					$	(1,015)

The accompanying notes are an integral part of these financial statements.

A12

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			Invesco V.I. Health Care Fund (Series I)						Invesco V.I. Technology Fund (Series I)						Allspring VT Index Asset Allocation Fund (Class 2)						Allspring VT Small Cap Growth Fund (Class 2)						AST PGIM Aggressive Multi-Asset Portfolio
ASSETS
Investment in the portfolios, at fair value			$	15,688,412					$	22,172,151					$	14,426,626					$	901,411					$	2,685,937,498
Net Assets			$	15,688,412					$	22,172,151					$	14,426,626					$	901,411					$	2,685,937,498
NET ASSETS, representing:
Accumulation units			$	15,651,101					$	22,167,157					$	14,426,626					$	901,411					$	2,685,616,828
Contracts in payout (annuitization) period			37,311						4,994						—						—						320,670
			$	15,688,412					$	22,172,151					$	14,426,626					$	901,411					$	2,685,937,498
Units outstanding			328,751						632,917						179,408						21,060						107,776,635
Portfolio shares held			524,871						863,065						721,331						93,897						93,554,075
Portfolio net asset value per share			$	29.89					$	25.69					$	20.00					$	9.60					$	28.71
Investment in portfolio shares, at cost			$	14,663,418					$	16,955,188					$	13,933,188					$	949,300					$	1,868,309,499

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			Invesco V.I. Health Care Fund (Series I)						Invesco V.I. Technology Fund (Series I)						Allspring VT Index Asset Allocation Fund (Class 2)						Allspring VT Small Cap Growth Fund (Class 2)						AST PGIM Aggressive Multi-Asset Portfolio
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	—					$	176,221					$	—					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			189,175						270,668						200,615						12,133						31,683,905
NET INVESTMENT INCOME (LOSS)			(189,175)						(270,668)						(24,394)						(12,133)						(31,683,905)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			603,678						2,366,603						1,220,024						49,925						—
Net realized gain (loss) on shares redeemed			140,634						(801,476)						428,390						(7,195)						137,592,608
Net change in unrealized appreciation (depreciation) on investments			1,380,873						2,359,832						(279,871)						35,030						237,849,502
NET GAIN (LOSS) ON INVESTMENTS			2,125,185						3,924,959						1,368,543						77,760						375,442,110
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	1,936,010					$	3,654,291					$	1,344,149					$	65,627					$	343,758,205

The accompanying notes are an integral part of these financial statements.

A13

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			AST Multi-Asset Diversified Portfolio						AST Investment Grade Bond Portfolio						AST Emerging Markets Equity Portfolio**						Allspring VT Discovery All Cap Growth Fund (Class 2)						Allspring VT Discovery All Cap Growth Fund (Class 1)
ASSETS
Investment in the portfolios, at fair value			$	968,220,680					$	1,984,756,165					$	—					$	1,781,359					$	13,071,428
Net Assets			$	968,220,680					$	1,984,756,165					$	—					$	1,781,359					$	13,071,428
NET ASSETS, representing:
Accumulation units			$	968,220,680					$	1,984,756,165					$	—					$	1,781,359					$	13,056,875
Contracts in payout (annuitization) period			—						—						—						—						14,553
			$	968,220,680					$	1,984,756,165					$	—					$	1,781,359					$	13,071,428
Units outstanding			33,552,496						105,830,744						—						30,166						218,614
Portfolio shares held			29,023,402						206,101,367						—						85,396						568,818
Portfolio net asset value per share			$	33.36					$	9.63					$	—					$	20.86					$	22.98
Investment in portfolio shares, at cost			$	601,162,157					$	1,854,176,801					$	—					$	2,093,524					$	14,672,879

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Multi-Asset Diversified Portfolio						AST Investment Grade Bond Portfolio						AST Emerging Markets Equity Portfolio						Allspring VT Discovery All Cap Growth Fund (Class 2)						Allspring VT Discovery All Cap Growth Fund (Class 1)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						1/10/2025**						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	—					$	—					$	—					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			12,698,320						29,917,640						16,554						23,916						171,874
NET INVESTMENT INCOME (LOSS)			(12,698,320)						(29,917,640)						(16,554)						(23,916)						(171,874)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						—						—						586,837						4,259,798
Net realized gain (loss) on shares redeemed			61,797,858						175,016,267						5,045,181						(15,528)						(1,038,382)
Net change in unrealized appreciation (depreciation) on investments			75,073,347						9,656,029						(5,814,485)						(333,306)						(1,412,581)
NET GAIN (LOSS) ON INVESTMENTS			136,871,205						184,672,296						(769,304)						238,003						1,808,835
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	124,172,885					$	154,754,656					$	(785,858)					$	214,087					$	1,636,961

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

The accompanying notes are an integral part of these financial statements.

A14

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			Allspring VT Small Cap Growth Fund (Class 1)						AST Quantitative Modeling Portfolio						Invesco V.I. Diversified Dividend Fund (Series I)						Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)						Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)
ASSETS
Investment in the portfolios, at fair value			$	9,616,488					$	29,314,096					$	15,618,778					$	114,852					$	7,118,326
Net Assets			$	9,616,488					$	29,314,096					$	15,618,778					$	114,852					$	7,118,326
NET ASSETS, representing:
Accumulation units			$	9,592,898					$	29,314,096					$	15,601,561					$	114,852					$	7,118,326
Contracts in payout (annuitization) period			23,590						—						17,217						—						—
			$	9,616,488					$	29,314,096					$	15,618,778					$	114,852					$	7,118,326
Units outstanding			241,764						1,166,398						472,216						10,178						108,812
Portfolio shares held			929,129						962,064						573,798						12,271						125,190
Portfolio net asset value per share			$	10.35					$	30.47					$	27.22					$	9.36					$	56.86
Investment in portfolio shares, at cost			$	10,365,936					$	17,789,953					$	14,830,399					$	123,344					$	1,433,218

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			Allspring VT Small Cap Growth Fund (Class 1)						AST Quantitative Modeling Portfolio						Invesco V.I. Diversified Dividend Fund (Series I)						Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)						Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	—					$	246,161					$	2,635					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			121,389						370,661						192,234						1,168						68,477
NET INVESTMENT INCOME (LOSS)			(121,389)						(370,661)						53,927						1,467						(68,477)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			509,762						—						1,176,975						—						—
Net realized gain (loss) on shares redeemed			87,960						3,510,531						276,364						(1,338)						714,594
Net change in unrealized appreciation (depreciation) on investments			247,999						452,719						525,297						8,882						323,838
NET GAIN (LOSS) ON INVESTMENTS			845,721						3,963,250						1,978,636						7,544						1,038,432
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	724,332					$	3,592,589					$	2,032,563					$	9,011					$	969,955

The accompanying notes are an integral part of these financial statements.

A15

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			Allspring VT Opportunity Fund (Class 1)						Allspring VT Opportunity Fund (Class 2)						AST ClearBridge Dividend Growth Portfolio**						Columbia Variable Portfolio - Government Money Market Fund (Class 1)						Columbia Variable Portfolio - Income Opportunities Fund (Class 1)
ASSETS
Investment in the portfolios, at fair value			$	1,932,016					$	4,669,665					$	—					$	2,153,477					$	50,117
Net Assets			$	1,932,016					$	4,669,665					$	—					$	2,153,477					$	50,117
NET ASSETS, representing:
Accumulation units			$	1,932,016					$	4,669,665					$	—					$	2,153,477					$	50,117
Contracts in payout (annuitization) period			—						—						—						—						—
			$	1,932,016					$	4,669,665					$	—					$	2,153,477					$	50,117
Units outstanding			42,846						107,382						—						203,021						3,206
Portfolio shares held			75,264						181,699						—						2,153,477						7,403
Portfolio net asset value per share			$	25.67					$	25.70					$	—					$	1.00					$	6.77
Investment in portfolio shares, at cost			$	1,858,308					$	4,545,228					$	—					$	2,153,477					$	47,695

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			Allspring VT Opportunity Fund (Class 1)						Allspring VT Opportunity Fund (Class 2)						AST ClearBridge Dividend Growth Portfolio						Columbia Variable Portfolio - Government Money Market Fund (Class 1)						Columbia Variable Portfolio - Income Opportunities Fund (Class 1)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						1/24/2025**						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	6,291					$	2,502					$	—					$	90,771					$	1,020
EXPENSES
Charges for mortality and expense risk,
and for administration			28,961						66,861						52,431						23,293						678
NET INVESTMENT INCOME (LOSS)			(22,670)						(64,359)						(52,431)						67,478						342
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			216,158						504,082						—						—						—
Net realized gain (loss) on shares redeemed			(13,958)						65,954						16,649,615						—						(17,974)
Net change in unrealized appreciation (depreciation) on investments			(87,545)						(273,632)						(14,323,994)						—						22,467
NET GAIN (LOSS) ON INVESTMENTS			114,655						296,404						2,325,621						—						4,493
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	91,985					$	232,045					$	2,273,190					$	67,478					$	4,835

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

The accompanying notes are an integral part of these financial statements.

A16

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			AST Large-Cap Equity Portfolio						AST Bond Portfolio 2025**						AST Bond Portfolio 2026						AST Bond Portfolio 2027						NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)
ASSETS
Investment in the portfolios, at fair value			$	483,565,464					$	—					$	20,401,787					$	29,826,249					$	15,220,957
Net Assets			$	483,565,464					$	—					$	20,401,787					$	29,826,249					$	15,220,957
NET ASSETS, representing:
Accumulation units			$	481,615,086					$	—					$	20,401,787					$	29,826,249					$	15,220,957
Contracts in payout (annuitization) period			1,950,378						—						—						—						—
			$	483,565,464					$	—					$	20,401,787					$	29,826,249					$	15,220,957
Units outstanding			12,569,407						—						1,957,493						2,933,872						1,056,150
Portfolio shares held			10,801,105						—						1,598,886						2,442,772						1,041,105
Portfolio net asset value per share			$	44.77					$	—					$	12.76					$	12.21					$	14.62
Investment in portfolio shares, at cost			$	417,925,839					$	—					$	19,422,905					$	27,206,136					$	12,525,574

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Large-Cap Equity Portfolio						AST Bond Portfolio 2025						AST Bond Portfolio 2026						AST Bond Portfolio 2027						NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025**						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	—					$	—					$	—					$	42,416
EXPENSES
Charges for mortality and expense risk,
and for administration			5,316,723						148,417						387,885						612,335						178,722
NET INVESTMENT INCOME (LOSS)			(5,316,723)						(148,417)						(387,885)						(612,335)						(136,306)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			22,205,925						969,674						563,161						26,387						(14,927)
Net change in unrealized appreciation (depreciation) on investments			28,285,246						(684,993)						571,907						1,903,162						4,160,246
NET GAIN (LOSS) ON INVESTMENTS			50,491,171						284,681						1,135,068						1,929,549						4,145,319
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	45,174,448					$	136,264					$	747,183					$	1,317,214					$	4,009,013

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

The accompanying notes are an integral part of these financial statements.

A17

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			AST Bond Portfolio 2028						AST Bond Portfolio 2029						AST Bond Portfolio 2030						AST Bond Portfolio 2031						MFS® International Growth Portfolio (Service Class)
ASSETS
Investment in the portfolios, at fair value			$	43,165,459					$	318,862					$	34,771,445					$	26,907,843					$	790,121
Net Assets			$	43,165,459					$	318,862					$	34,771,445					$	26,907,843					$	790,121
NET ASSETS, representing:
Accumulation units			$	43,165,459					$	318,862					$	34,771,445					$	26,907,843					$	790,121
Contracts in payout (annuitization) period			—						—						—						—						—
			$	43,165,459					$	318,862					$	34,771,445					$	26,907,843					$	790,121
Units outstanding			4,153,967						31,376						3,255,063						2,965,730						45,295
Portfolio shares held			3,541,055						26,773						2,907,311						2,682,736						44,893
Portfolio net asset value per share			$	12.19					$	11.91					$	11.96					$	10.03					$	17.60
Investment in portfolio shares, at cost			$	41,403,476					$	286,813					$	34,183,457					$	26,049,089					$	770,736

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Bond Portfolio 2028						AST Bond Portfolio 2029						AST Bond Portfolio 2030						AST Bond Portfolio 2031						MFS® International Growth Portfolio (Service Class)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	—					$	—					$	—					$	4,990
EXPENSES
Charges for mortality and expense risk,
and for administration			826,733						34,993						574,208						482,484						6,390
NET INVESTMENT INCOME (LOSS)			(826,733)						(34,993)						(574,208)						(482,484)						(1,400)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						—						—						—						36,994
Net realized gain (loss) on shares redeemed			(237,738)						262,339						(535,745)						(913,048)						11,186
Net change in unrealized appreciation (depreciation) on investments			3,416,471						(112,978)						3,314,702						3,207,393						19,605
NET GAIN (LOSS) ON INVESTMENTS			3,178,733						149,361						2,778,957						2,294,345						67,785
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	2,352,000					$	114,368					$	2,204,749					$	1,811,861					$	66,385

The accompanying notes are an integral part of these financial statements.

A18

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			MFS® Total Return Bond Series (Service Class)						MFS® Total Return Series (Service Class)						MFS® Value Series (Service Class)						PSF PGIM Government Money Market Portfolio (Class III)						Invesco V.I. Discovery Mid Cap Growth Fund (Series I)
ASSETS
Investment in the portfolios, at fair value			$	2,893,575					$	1,001,141					$	5,096,522					$	32,240,143					$	8,271,175
Net Assets			$	2,893,575					$	1,001,141					$	5,096,522					$	32,240,143					$	8,271,175
NET ASSETS, representing:
Accumulation units			$	2,893,575					$	1,001,141					$	5,096,522					$	32,240,143					$	8,253,759
Contracts in payout (annuitization) period			—						—						—						—						17,416
			$	2,893,575					$	1,001,141					$	5,096,522					$	32,240,143					$	8,271,175
Units outstanding			290,592						66,081						269,839						2,799,243						504,307
Portfolio shares held			250,743						44,220						236,278						3,224,014						109,974
Portfolio net asset value per share			$	11.54					$	22.64					$	21.57					$	10.00					$	75.21
Investment in portfolio shares, at cost			$	2,885,660					$	988,704					$	4,989,721					$	32,240,143					$	7,934,766

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			MFS® Total Return Bond Series (Service Class)						MFS® Total Return Series (Service Class)						MFS® Value Series (Service Class)						PSF PGIM Government Money Market Portfolio (Class III)						Invesco V.I. Discovery Mid Cap Growth Fund (Series I)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	88,502					$	28,033					$	46,115					$	1,120,861					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			28,912						14,424						54,376						1,474						110,068
NET INVESTMENT INCOME (LOSS)			59,590						13,609						(8,261)						1,119,387						(110,068)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						82,474						254,792						—						697,070
Net realized gain (loss) on shares redeemed			3,067						7,938						85,199						—						83,752
Net change in unrealized appreciation (depreciation) on investments			43,417						(407)						153,459						—						(411,054)
NET GAIN (LOSS) ON INVESTMENTS			46,484						90,005						493,450						—						369,768
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	106,074					$	103,614					$	485,189					$	1,119,387					$	259,700

The accompanying notes are an integral part of these financial statements.

A19

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNTS
			AST Global Bond Portfolio**						AST Bond Portfolio 2032						AST Bond Portfolio 2033						AST Bond Portfolio 2034						AST Bond Portfolio 2035
ASSETS
Investment in the portfolios, at fair value			$	—					$	32,580,781					$	—					$	958,081					$	1,102,915
Net Assets			$	—					$	32,580,781					$	—					$	958,081					$	1,102,915
NET ASSETS, representing:
Accumulation units			$	—					$	32,580,781					$	—					$	958,081					$	1,102,915
Contracts in payout (annuitization) period			—						—						—						—						—
			$	—					$	32,580,781					$	—					$	958,081					$	1,102,915
Units outstanding			—						4,100,927						—						90,177						105,800
Portfolio shares held			—						3,792,873						—						86,861						103,366
Portfolio net asset value per share			$	—					$	8.59					$	8.90					$	11.03					$	10.67
Investment in portfolio shares, at cost			$	—					$	32,807,718					$	—					$	939,813					$	1,094,781

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Global Bond Portfolio						AST Bond Portfolio 2032						AST Bond Portfolio 2033						AST Bond Portfolio 2034						AST Bond Portfolio 2035
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			2/7/2025**						12/31/2025						12/31/2025						12/31/2025						12/31/2025
INVESTMENT INCOME
Dividend income			$	—					$	—					$	—					$	—					$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			106,317						513,229						—						8,993						11,112
NET INVESTMENT INCOME (LOSS)			(106,317)						(513,229)						—						(8,993)						(11,112)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			1,719,841						(653,560)						—						(29,093)						(90,952)
Net change in unrealized appreciation (depreciation) on investments			(1,306,444)						3,439,296						—						31,319						15,448
NET GAIN (LOSS) ON INVESTMENTS			413,397						2,785,736						—						2,226						(75,504)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	307,080					$	2,272,507					$	—					$	(6,767)					$	(86,616)

**Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

The accompanying notes are an integral part of these financial statements.

A20

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF NET ASSETS

December 31, 2025

			SUBACCOUNT
			AST Bond Portfolio 2036
ASSETS
Investment in the portfolios, at fair value			$	141,173
Net Assets			$	141,173
NET ASSETS, representing:
Accumulation units			$	141,173
Contracts in payout (annuitization) period			—
			$	141,173
Units outstanding			13,250
Portfolio shares held			13,084
Portfolio net asset value per share			$	10.79
Investment in portfolio shares, at cost			$	140,954

STATEMENTS OF OPERATIONS

For the period ended December 31, 2025

			SUBACCOUNT
			AST Bond Portfolio 2036
			1/2/2025*
			to
			12/31/2025
INVESTMENT INCOME
Dividend income			$	—
EXPENSES
Charges for mortality and expense risk,
and for administration			257
NET INVESTMENT INCOME (LOSS)			(257)
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS
Capital gains distributions received			—
Net realized gain (loss) on shares redeemed			176
Net change in unrealized appreciation (depreciation) on investments			219
NET GAIN (LOSS) ON INVESTMENTS			395
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			$	138

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A21

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Large-Cap Growth Portfolio						AST Government Money Market Portfolio						AST Cohen & Steers Realty Portfolio						AST J.P. Morgan Conservative Multi-Asset Portfolio						AST High Yield Portfolio
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						1/24/2025**						12/31/2025						2/7/2025**
OPERATIONS
Net investment income (loss)			$	(22,794,067)					$	11,539,187					$	(61,879)					$	(7,425,223)					$	(111,858)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			162,680,518						—						11,896,728						17,241,722						12,076,484
Net change in unrealized appreciation (depreciation) on investments			111,765,836						—						(10,535,771)						40,538,073						(10,791,421)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			251,652,287						11,539,187						1,299,078						50,354,572						1,173,205
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			1,707,265						2,855,843						2,440						1,057,687						13,647
Annuity payments			(5,368,752)						(3,065,228)						(3,394)						(642,046)						(70,558)
Surrenders, withdrawals and death benefits			(190,030,420)						(547,045,207)						(638,143)						(70,606,274)						(998,713)
Net transfers between other subaccounts
or fixed rate option			(89,417,341)						531,307,023						(82,977,189)						5,104,928						(87,907,189)
Miscellaneous transactions			201,576						33,757						152						376						565
Other charges			(7,286,870)						(727,198)						(33,535)						(5,191,185)						(38,361)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(290,194,542)						(16,641,010)						(83,649,669)						(70,276,514)						(89,000,609)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(38,542,255)						(5,101,823)						(82,350,591)						(19,921,942)						(87,827,404)
NET ASSETS
Beginning of period			1,819,614,146						459,228,865						82,350,591						628,472,286						87,827,404
End of period			$	1,781,071,891					$	454,127,042					$	—					$	608,550,344					$	—
Beginning units			19,976,480						37,954,653						1,294,839						23,500,575						2,862,688
Units issued			890,993						23,931,458						14,015						2,800,288						100,448
Units redeemed			(3,940,673)						(24,840,148)						(1,308,854)						(5,574,673)						(2,963,136)
Ending units			16,926,800						37,045,963						—						20,726,190						—

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A22

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Large-Cap Value Portfolio						AST Small-Cap Equity Portfolio						AST T. Rowe Price Natural Resources Portfolio						AST MFS Global Equity Portfolio						AST International Equity Portfolio
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						1/24/2025**						1/24/2025**						12/31/2025
OPERATIONS
Net investment income (loss)			$	(12,813,782)					$	(6,039,037)					$	(50,270)					$	(92,895)					$	(5,999,427)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			27,872,292						12,351,627						9,716,257						28,902,150						30,874,731
Net change in unrealized appreciation (depreciation) on investments			113,408,862						19,565,842						(3,819,128)						(25,218,756)						96,106,486
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			128,467,372						25,878,432						5,846,859						3,590,499						120,981,790
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			1,234,370						459,191						4,222						2,426						531,613
Annuity payments			(4,143,824)						(2,043,416)						(165,049)						—						(1,646,297)
Surrenders, withdrawals and death benefits			(99,002,170)						(48,940,734)						(514,310)						(856,939)						(47,362,240)
Net transfers between other subaccounts
or fixed rate option			(21,579,825)						4,290,395						(72,316,030)						(123,177,885)						24,451,858
Miscellaneous transactions			54,423						21,902						1,230						17,310						40,496
Other charges			(3,937,781)						(2,290,997)						(34,705)						(49,449)						(2,289,314)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(127,374,807)						(48,503,659)						(73,024,642)						(124,064,537)						(26,273,884)
TOTAL INCREASE (DECREASE) IN NET ASSETS			1,092,565						(22,625,227)						(67,177,783)						(120,474,038)						94,707,906
NET ASSETS
Beginning of period			981,383,032						502,612,763						67,177,783						120,474,038						380,138,863
End of period			$	982,475,597					$	479,987,536					$	—					$	—					$	474,846,769
Beginning units			21,237,124						8,262,495						1,404,586						2,759,508						10,520,345
Units issued			1,035,324						665,933						19,492						17,364						2,067,367
Units redeemed			(3,711,992)						(1,496,939)						(1,424,078)						(2,776,872)						(2,654,199)
Ending units			18,560,456						7,431,489						—						—						9,933,513

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A23

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Aggressive Asset Allocation Portfolio						AST Multi-Asset Diversified Plus Portfolio						AST Balanced Asset Allocation Portfolio						AST Preservation Asset Allocation Portfolio						AST J.P. Morgan Moderate Multi-Asset Portfolio
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(43,194,754)					$	(10,607,362)					$	(51,209,129)					$	(10,118,592)					$	(4,147,408)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			307,685,273						34,446,134						298,103,323						38,899,537						21,433,622
Net change in unrealized appreciation (depreciation) on investments			160,739,123						61,534,237						233,643,992						39,489,128						19,361,423
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			425,229,642						85,373,009						480,538,186						68,270,073						36,647,637
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			2,620,734						468,567						7,626,526						1,365,059						31,162
Annuity payments			(6,745,165)						(1,887,845)						(5,312,048)						(981,577)						(93,030)
Surrenders, withdrawals and death benefits			(384,998,646)						(84,929,828)						(442,902,613)						(104,657,303)						(35,586,066)
Net transfers between other subaccounts
or fixed rate option			(70,021,148)						126,998						(84,107,234)						6,106,374						(1,487,529)
Miscellaneous transactions			(121,797)						(3,127)						(28,107)						(11,283)						(328)
Other charges			(19,094,481)						(5,008,127)						(30,855,102)						(4,756,945)						(3,524,594)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(478,360,503)						(91,233,362)						(555,578,578)						(102,935,675)						(40,660,385)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(53,130,861)						(5,860,353)						(75,040,392)						(34,665,602)						(4,012,748)
NET ASSETS
Beginning of period			3,229,992,032						787,578,569						4,144,086,674						771,626,564						365,125,347
End of period			$	3,176,861,171					$	781,718,216					$	4,069,046,282					$	736,960,962					$	361,112,599
Beginning units			114,931,696						47,346,906						165,870,608						40,442,501						17,317,359
Units issued			2,008,707						4,017,286						4,722,335						3,839,045						1,273,729
Units redeemed			(18,217,576)						(9,526,812)						(26,242,129)						(9,154,025)						(3,173,592)
Ending units			98,722,827						41,837,380						144,350,814						35,127,521						15,417,496

The accompanying notes are an integral part of these financial statements.

A24

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Core Fixed Income Portfolio						Davis Equity Portfolio						Columbia Variable Portfolio - Small Company Growth Fund (Class 1)						ProFund VP Asia 30						ProFund VP Banks
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(16,991,981)					$	(3,570)					$	(4,695)					$	117,699					$	3,163
Capital gains distributions received			—						154,904						60,346						—						—
Net realized gain (loss) on shares redeemed			(5,575,524)						(48,362)						(6,277)						542,554						152,087
Net change in unrealized appreciation (depreciation) on investments			98,281,676						122,232						41,754						67,003						114,667
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			75,714,171						225,204						91,128						727,256						269,917
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			1,925,800						2,530						213						14,837						448
Annuity payments			(3,253,332)						—						—						(38,602)						(24,834)
Surrenders, withdrawals and death benefits			(148,999,308)						(56,066)						(18,470)						(409,603)						(268,257)
Net transfers between other subaccounts
or fixed rate option			206,238,109						(27,821)						(9,798)						(399,821)						453,516
Miscellaneous transactions			(458,392)						149						—						29						—
Other charges			(9,107,701)						(2,094)						(160)						(5,721)						(801)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			46,345,176						(83,302)						(28,215)						(838,881)						160,072
TOTAL INCREASE (DECREASE) IN NET ASSETS			122,059,347						141,902						62,913						(111,625)						429,989
NET ASSETS
Beginning of period			1,236,081,379						938,226						461,540						3,592,359						2,948,716
End of period			$	1,358,140,726					$	1,080,128					$	524,453					$	3,480,734					$	3,378,705
Beginning units			94,379,760						26,224						5,473						152,667						227,311
Units issued			23,417,285						54						3						87,880						806,440
Units redeemed			(19,803,439)						(2,215)						(313)						(120,918)						(794,633)
Ending units			97,993,606						24,063						5,163						119,629						239,118

The accompanying notes are an integral part of these financial statements.

A25

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Bear						ProFund VP Biotechnology						ProFund VP Materials						ProFund VP UltraBull						ProFund VP Bull
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	18,260					$	(50,886)					$	(34,819)					$	(44,747)					$	(136,216)
Capital gains distributions received			—						337,813						491,527						1,038,041						741,898
Net realized gain (loss) on shares redeemed			(50,593)						(1,437,839)						86,275						1,289,103						1,335,754
Net change in unrealized appreciation (depreciation) on investments			(138,363)						2,476,681						(325,653)						(654,891)						(198,608)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			(170,696)						1,325,769						217,330						1,627,506						1,742,828
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			1,203						4,819						4,149						14,471						15,065
Annuity payments			(80)						(10,653)						(7,581)						(11,577)						(10,694)
Surrenders, withdrawals and death benefits			(73,058)						(428,667)						(250,967)						(622,041)						(1,593,191)
Net transfers between other subaccounts
or fixed rate option			638,145						(161,824)						83,872						(1,466,180)						(78,015)
Miscellaneous transactions			131						376						246						1,159						(1,476)
Other charges			(989)						(2,137)						(2,837)						(2,206)						(11,034)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			565,352						(598,086)						(173,118)						(2,086,374)						(1,679,345)
TOTAL INCREASE (DECREASE) IN NET ASSETS			394,656						727,683						44,212						(458,868)						63,483
NET ASSETS
Beginning of period			599,338						4,729,562						3,579,538						9,257,620						13,940,254
End of period			$	993,994					$	5,457,245					$	3,623,750					$	8,798,752					$	14,003,737
Beginning units			906,265						112,639						119,718						134,172						339,656
Units issued			2,513,724						70,106						45,111						37,380						718,345
Units redeemed			(1,596,328)						(85,446)						(52,551)						(66,676)						(761,005)
Ending units			1,823,661						97,299						112,278						104,876						296,996

The accompanying notes are an integral part of these financial statements.

A26

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Consumer Discretionary						ProFund VP Consumer Staples						ProFund VP Energy						ProFund VP Europe 30						ProFund VP Financials
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(99,195)					$	(27,193)					$	71,089					$	42,364					$	(128,729)
Capital gains distributions received			510,115						618,797						937,596						136,812						136,841
Net realized gain (loss) on shares redeemed			296,824						(1,314,969)						(960,686)						408,761						891,833
Net change in unrealized appreciation (depreciation) on investments			(532,776)						615,106						259,197						413,680						9,757
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			174,968						(108,259)						307,196						1,001,617						909,702
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			7,918						2,841						9,054						2,340						3,002
Annuity payments			—						—						(60,881)						(74,103)						(295,952)
Surrenders, withdrawals and death benefits			(728,918)						(441,129)						(758,132)						(521,208)						(906,352)
Net transfers between other subaccounts
or fixed rate option			(640,280)						965,669						(572,941)						213,420						(280,726)
Miscellaneous transactions			(45)						57						(3,298)						364						(1,187)
Other charges			(46,691)						(41,223)						(7,125)						(8,898)						(49,052)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(1,408,016)						486,215						(1,393,323)						(388,085)						(1,530,267)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(1,233,048)						377,956						(1,086,127)						613,532						(620,565)
NET ASSETS
Beginning of period			8,019,974						5,688,538						8,491,784						3,771,181						9,506,961
End of period			$	6,786,926					$	6,066,494					$	7,405,657					$	4,384,713					$	8,886,396
Beginning units			196,088						185,868						325,571						235,151						425,406
Units issued			52,408						122,194						305,270						127,221						138,473
Units redeemed			(90,092)						(104,795)						(360,008)						(147,183)						(209,719)
Ending units			158,404						203,267						270,833						215,189						354,160

The accompanying notes are an integral part of these financial statements.

A27

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP U.S. Government Plus						ProFund VP Health Care						ProFund Access VP High Yield Fund						ProFund VP Industrials						ProFund VP Internet
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	37,348					$	(219,525)					$	22,535					$	(85,786)					$	(79,511)
Capital gains distributions received			—						1,828,963						—						148,618						56,711
Net realized gain (loss) on shares redeemed			(256,521)						(929,737)						(19,517)						247,494						746,748
Net change in unrealized appreciation (depreciation) on investments			109,151						1,132,903						99,613						553,434						(196,422)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			(110,022)						1,812,604						102,631						863,760						527,526
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			4,040						5,947						1,828						4,393						2,405
Annuity payments			(2,690)						(13,378)						(434)						—						—
Surrenders, withdrawals and death benefits			(364,542)						(1,764,509)						(265,329)						(1,167,542)						(436,630)
Net transfers between other subaccounts
or fixed rate option			93,241						(140,229)						201,817						752,317						(420,269)
Miscellaneous transactions			(50)						1,369						64						(1,019)						861
Other charges			(5,420)						(103,229)						(951)						(32,266)						(1,874)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(275,421)						(2,014,029)						(63,005)						(444,117)						(855,507)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(385,443)						(201,425)						39,626						419,643						(327,981)
NET ASSETS
Beginning of period			2,197,424						16,837,677						1,949,264						5,928,731						6,772,568
End of period			$	1,811,981					$	16,636,252					$	1,988,890					$	6,348,374					$	6,444,587
Beginning units			180,024						481,575						85,301						142,828						49,297
Units issued			200,968						143,769						16,977						63,735						9,688
Units redeemed			(233,790)						(196,004)						(18,893)						(74,589)						(15,652)
Ending units			147,202						429,340						83,385						131,974						43,333

The accompanying notes are an integral part of these financial statements.

A28

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Japan						ProFund VP Precious Metals						ProFund VP Mid-Cap Growth						ProFund VP Mid-Cap Value						ProFund VP Pharmaceuticals
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	89,199					$	113,950					$	(160,595)					$	(86,533)					$	(13,380)
Capital gains distributions received			454,569						—						1,101,166						660,322						—
Net realized gain (loss) on shares redeemed			(184,391)						4,885,673						(89,100)						90,078						120,664
Net change in unrealized appreciation (depreciation) on investments			319,487						5,292,354						(360,244)						(321,008)						294,384
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			678,864						10,291,977						491,227						342,859						401,668
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			3,667						12,738						1,742						5,462						1,637
Annuity payments			(75,817)						(164,946)						(20,238)						(49,366)						(3,723)
Surrenders, withdrawals and death benefits			(361,604)						(1,095,911)						(1,474,157)						(777,654)						(196,078)
Net transfers between other subaccounts
or fixed rate option			32,978						555,870						1,598,155						194,470						123,729
Miscellaneous transactions			(326)						10,948						(986)						(1,688)						124
Other charges			(4,660)						(12,054)						(51,275)						(28,718)						(1,497)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(405,762)						(693,355)						53,241						(657,494)						(75,808)
TOTAL INCREASE (DECREASE) IN NET ASSETS			273,102						9,598,622						544,468						(314,635)						325,860
NET ASSETS
Beginning of period			2,730,463						7,185,197						11,355,131						8,869,777						1,250,232
End of period			$	3,003,565					$	16,783,819					$	11,899,599					$	8,555,142					$	1,576,092
Beginning units			111,965						746,881						288,572						227,878						66,139
Units issued			87,630						1,594,054						208,977						197,036						96,519
Units redeemed			(105,455)						(1,638,344)						(208,378)						(212,302)						(97,599)
Ending units			94,140						702,591						289,171						212,612						65,059

The accompanying notes are an integral part of these financial statements.

A29

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Real Estate						ProFund VP Rising Rates Opportunity						ProFund VP Nasdaq-100						ProFund VP Semiconductor						ProFund VP Small-Cap Growth
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	6,681					$	40,464					$	(270,652)					$	(236,589)					$	(124,932)
Capital gains distributions received			—						110,613						1,992,384						9,211,649						742,774
Net realized gain (loss) on shares redeemed			110,334						(124,410)						2,286,764						(2,326,040)						139,396
Net change in unrealized appreciation (depreciation) on investments			(155,397)						(38,005)						848,189						(721,138)						(552,059)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			(38,382)						(11,338)						4,856,685						5,927,882						205,179
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			3,112						2,858						38,054						4,782						2,509
Annuity payments			(4,611)						(9,793)						(207,831)						(4,600)						(3,369)
Surrenders, withdrawals and death benefits			(283,770)						(142,819)						(2,181,037)						(1,821,200)						(915,529)
Net transfers between other subaccounts
or fixed rate option			285,558						(32,470)						103,921						(604,732)						(91,467)
Miscellaneous transactions			(404)						(50)						(2,504)						(1,115)						(398)
Other charges			(14,918)						(1,431)						(18,631)						(2,545)						(40,395)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(15,033)						(183,705)						(2,268,028)						(2,429,410)						(1,048,649)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(53,415)						(195,043)						2,588,657						3,498,472						(843,470)
NET ASSETS
Beginning of period			3,930,465						1,768,918						27,516,859						17,378,945						9,500,749
End of period			$	3,877,050					$	1,573,875					$	30,105,516					$	20,877,417					$	8,657,279
Beginning units			126,559						1,078,884						485,819						189,030						230,510
Units issued			60,326						877,334						396,434						256,213						55,097
Units redeemed			(60,618)						(991,391)						(431,559)						(283,136)						(80,891)
Ending units			126,267						964,827						450,694						162,107						204,716

The accompanying notes are an integral part of these financial statements.

A30

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Short Mid-Cap						ProFund VP Short Nasdaq-100						ProFund VP Short Small-Cap						ProFund VP Small-Cap Value						ProFund VP Technology
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	597					$	15,737					$	3,017					$	(61,421)					$	(96,885)
Capital gains distributions received			—						—						—						287,145						1,811,143
Net realized gain (loss) on shares redeemed			(12,979)						(107,928)						(23,268)						13,226						692,361
Net change in unrealized appreciation (depreciation) on investments			(1,014)						20,254						(2,463)						(14,230)						(767,397)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			(13,396)						(71,937)						(22,714)						224,720						1,639,222
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			48						740						243						16,981						17,747
Annuity payments			(69)						(88)						—						(5,409)						(12,274)
Surrenders, withdrawals and death benefits			(44,141)						(53,820)						(45,173)						(699,356)						(821,377)
Net transfers between other subaccounts
or fixed rate option			48,418						(232,051)						2,878						153,006						(712,083)
Miscellaneous transactions			4						17						22						551						738
Other charges			(54)						(788)						(91)						(24,574)						(2,186)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			4,206						(285,990)						(42,121)						(558,801)						(1,529,435)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(9,190)						(357,927)						(64,835)						(334,081)						109,787
NET ASSETS
Beginning of period			41,386						507,950						152,742						6,646,945						9,046,633
End of period			$	32,196					$	150,023					$	87,907					$	6,312,864					$	9,156,420
Beginning units			70,952						3,365,837						267,252						215,632						197,738
Units issued			1,254,775						9,632,883						2,166,335						79,633						58,858
Units redeemed			(1,263,538)						(11,820,252)						(2,259,130)						(99,289)						(91,935)
Ending units			62,189						1,178,468						174,457						195,976						164,661

The accompanying notes are an integral part of these financial statements.

A31

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Communication Services						ProFund VP UltraMid-Cap						ProFund VP UltraNasdaq-100						ProFund VP UltraSmall-Cap						ProFund VP Utilities
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(62,043)					$	(7,867)					$	(619,665)					$	(8,051)					$	1,855
Capital gains distributions received			—						—						8,257,211						—						5,186
Net realized gain (loss) on shares redeemed			977,380						(119,396)						11,496,029						(24,472)						715,990
Net change in unrealized appreciation (depreciation) on investments			(195,875)						118,597						1,446,129						271,979						569,965
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			719,462						(8,666)						20,579,704						239,456						1,292,996
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			664						6,969						44,132						3,346						7,434
Annuity payments			(4,059)						(1,988)						(455,678)						—						(21,942)
Surrenders, withdrawals and death benefits			(472,596)						(449,423)						(4,105,844)						(217,622)						(1,060,028)
Net transfers between other subaccounts
or fixed rate option			(630,575)						412,942						(3,691,916)						5,878						(48,708)
Miscellaneous transactions			(30)						2,397						22,965						1,662						(349)
Other charges			(24,205)						(2,698)						(12,463)						(992)						(50,887)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(1,130,801)						(31,801)						(8,198,804)						(207,728)						(1,174,480)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(411,339)						(40,467)						12,380,900						31,728						118,516
NET ASSETS
Beginning of period			4,649,471						5,773,355						79,857,672						2,849,589						11,036,479
End of period			$	4,238,132					$	5,732,888					$	92,238,572					$	2,881,317					$	11,154,995
Beginning units			280,790						86,691						1,617,077						99,400						351,473
Units issued			183,931						114,380						132,067						437,633						126,066
Units redeemed			(242,859)						(116,587)						(288,191)						(448,058)						(161,722)
Ending units			221,862						84,484						1,460,953						88,975						315,817

The accompanying notes are an integral part of these financial statements.

A32

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			ProFund VP Large-Cap Growth						ProFund VP Large-Cap Value						Rydex VT Nova Fund						Rydex VT NASDAQ-100® Fund						Rydex VT Inverse S&P 500® Strategy Fund
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(317,647)					$	(79,365)					$	(22,752)					$	(142,138)					$	571
Capital gains distributions received			2,000,856						1,213,576						—						595,229						—
Net realized gain (loss) on shares redeemed			2,551,249						10,047						89,821						966,688						(144)
Net change in unrealized appreciation (depreciation) on investments			(614,366)						(196,769)						221,582						266,182						(1,442)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			3,620,092						947,489						288,651						1,685,961						(1,015)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			17,548						1,408						3,201						20,108						7
Annuity payments			—						(6,151)						—						(64,686)						—
Surrenders, withdrawals and death benefits			(2,530,483)						(1,445,005)						(61,095)						(1,041,480)						(17)
Net transfers between other subaccounts
or fixed rate option			2,782,352						(362,984)						(18,828)						(231,747)						1,229
Miscellaneous transactions			(429)						(48)						21						2,225						—
Other charges			(114,851)						(36,772)						(566)						(8,392)						(5)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			154,137						(1,849,552)						(77,267)						(1,323,972)						1,214
TOTAL INCREASE (DECREASE) IN NET ASSETS			3,774,229						(902,063)						211,384						361,989						199
NET ASSETS
Beginning of period			19,620,403						10,790,462						1,585,893						10,429,773						6,687
End of period			$	23,394,632					$	9,888,399					$	1,797,277					$	10,791,762					$	6,886
Beginning units			373,832						384,716						40,089						194,474						9,199
Units issued			181,377						84,183						315						669						1,719
Units redeemed			(175,951)						(142,452)						(2,278)						(23,788)						(31)
Ending units			379,258						326,447						38,126						171,355						10,887

The accompanying notes are an integral part of these financial statements.

A33

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			Invesco V.I. Health Care Fund (Series I)						Invesco V.I. Technology Fund (Series I)						Allspring VT Index Asset Allocation Fund (Class 2)						Allspring VT Small Cap Growth Fund (Class 2)						AST PGIM Aggressive Multi-Asset Portfolio
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(189,175)					$	(270,668)					$	(24,394)					$	(12,133)					$	(31,683,905)
Capital gains distributions received			603,678						2,366,603						1,220,024						49,925						—
Net realized gain (loss) on shares redeemed			140,634						(801,476)						428,390						(7,195)						137,592,608
Net change in unrealized appreciation (depreciation) on investments			1,380,873						2,359,832						(279,871)						35,030						237,849,502
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			1,936,010						3,654,291						1,344,149						65,627						343,758,205
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			18,158						31,481						10,349						1,429						845,195
Annuity payments			(51,212)						(171,352)						(125,173)						—						(3,310,190)
Surrenders, withdrawals and death benefits			(1,140,427)						(2,116,189)						(1,151,104)						(23,952)						(279,781,211)
Net transfers between other subaccounts
or fixed rate option			(37,093)						(177,140)						(184,661)						1,680						(32,783,369)
Miscellaneous transactions			(2,462)						2,765						(178)						22						(105,908)
Other charges			(10,728)						(14,001)						(4,421)						(318)						(23,541,806)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(1,223,764)						(2,444,436)						(1,455,188)						(21,139)						(338,677,289)
TOTAL INCREASE (DECREASE) IN NET ASSETS			712,246						1,209,855						(111,039)						44,488						5,080,916
NET ASSETS
Beginning of period			14,976,166						20,962,296						14,537,665						856,923						2,680,856,582
End of period			$	15,688,412					$	22,172,151					$	14,426,626					$	901,411					$	2,685,937,498
Beginning units			355,714						711,438						198,732						21,560						123,293,851
Units issued			16,480						22,310						1,869						82						7,918,848
Units redeemed			(43,443)						(100,831)						(21,193)						(582)						(23,436,064)
Ending units			328,751						632,917						179,408						21,060						107,776,635

The accompanying notes are an integral part of these financial statements.

A34

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Multi-Asset Diversified Portfolio						AST Investment Grade Bond Portfolio						AST Emerging Markets Equity Portfolio						Allspring VT Discovery All Cap Growth Fund (Class 2)						Allspring VT Discovery All Cap Growth Fund (Class 1)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						1/10/2025**						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(12,698,320)					$	(29,917,640)					$	(16,554)					$	(23,916)					$	(171,874)
Capital gains distributions received			—						—						—						586,837						4,259,798
Net realized gain (loss) on shares redeemed			61,797,858						175,016,267						5,045,181						(15,528)						(1,038,382)
Net change in unrealized appreciation (depreciation) on investments			75,073,347						9,656,029						(5,814,485)						(333,306)						(1,412,581)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			124,172,885						154,754,656						(785,858)						214,087						1,636,961
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			645,656						—						108						2,414						14,680
Annuity payments			(1,573,097)						(1,850,770)						—						—						(70,531)
Surrenders, withdrawals and death benefits			(106,746,021)						(282,675,415)						(217,601)						(39,053)						(1,595,516)
Net transfers between other subaccounts
or fixed rate option			(20,315,862)						(162,529,534)						(54,266,578)						(9,714)						111,867
Miscellaneous transactions			(82,992)						(5,097)						31						(9)						91
Other charges			(6,641,228)						(34,331,628)						(11,816)						(666)						(11,358)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(134,713,544)						(481,392,444)						(54,495,856)						(47,028)						(1,550,767)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(10,540,659)						(326,637,788)						(55,281,714)						167,059						86,194
NET ASSETS
Beginning of period			978,761,339						2,311,393,953						55,281,714						1,614,300						12,985,234
End of period			$	968,220,680					$	1,984,756,165					$	—					$	1,781,359					$	13,071,428
Beginning units			38,648,035						131,895,597						5,704,157						31,067						243,851
Units issued			1,157,394						56,422,276						10,951						424						17,492
Units redeemed			(6,252,933)						(82,487,129)						(5,715,108)						(1,325)						(42,729)
Ending units			33,552,496						105,830,744						—						30,166						218,614

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A35

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			Allspring VT Small Cap Growth Fund (Class 1)						AST Quantitative Modeling Portfolio						Invesco V.I. Diversified Dividend Fund (Series I)						Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)						Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(121,389)					$	(370,661)					$	53,927					$	1,467					$	(68,477)
Capital gains distributions received			509,762						—						1,176,975						—						—
Net realized gain (loss) on shares redeemed			87,960						3,510,531						276,364						(1,338)						714,594
Net change in unrealized appreciation (depreciation) on investments			247,999						452,719						525,297						8,882						323,838
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			724,332						3,592,589						2,032,563						9,011						969,955
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			10,842						134,821						11,163						172						3,072
Annuity payments			(5,607)						(397,047)						(107,064)						—						(46,238)
Surrenders, withdrawals and death benefits			(682,803)						(6,400,715)						(1,492,051)						(6,800)						(349,501)
Net transfers between other subaccounts
or fixed rate option			162,507						901,187						317,413						(2,465)						(342,215)
Miscellaneous transactions			341						(2,802)						4,820						—						391
Other charges			(8,568)						(9,673)						(10,346)						(66)						(1,974)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(523,288)						(5,774,229)						(1,276,065)						(9,159)						(736,465)
TOTAL INCREASE (DECREASE) IN NET ASSETS			201,044						(2,181,640)						756,498						(148)						233,490
NET ASSETS
Beginning of period			9,415,444						31,495,736						14,862,280						115,000						6,884,836
End of period			$	9,616,488					$	29,314,096					$	15,618,778					$	114,852					$	7,118,326
Beginning units			256,160						1,410,203						514,437						11,016						121,003
Units issued			18,826						79,452						41,791						15						638
Units redeemed			(33,222)						(323,257)						(84,012)						(853)						(12,829)
Ending units			241,764						1,166,398						472,216						10,178						108,812

The accompanying notes are an integral part of these financial statements.

A36

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			Allspring VT Opportunity Fund (Class 1)						Allspring VT Opportunity Fund (Class 2)						AST ClearBridge Dividend Growth Portfolio						Columbia Variable Portfolio - Government Money Market Fund (Class 1)						Columbia Variable Portfolio - Income Opportunities Fund (Class 1)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						1/24/2025**						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(22,670)					$	(64,359)					$	(52,431)					$	67,478					$	342
Capital gains distributions received			216,158						504,082						—						—						—
Net realized gain (loss) on shares redeemed			(13,958)						65,954						16,649,615						—						(17,974)
Net change in unrealized appreciation (depreciation) on investments			(87,545)						(273,632)						(14,323,994)						—						22,467
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			91,985						232,045						2,273,190						67,478						4,835
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			4,224						3,642						1,310						815						56
Annuity payments			(39,076)						(123,849)						—						—						—
Surrenders, withdrawals and death benefits			(266,197)						(362,006)						(823,700)						(943,907)						(68,167)
Net transfers between other subaccounts
or fixed rate option			(71,434)						(75,269)						(66,181,388)						530,198						(11,623)
Miscellaneous transactions			(106)						(27)						17						(141)						268
Other charges			(3,358)						(2,892)						(27,266)						(1,121)						(15)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(375,947)						(560,401)						(67,031,027)						(414,156)						(79,481)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(283,962)						(328,356)						(64,757,837)						(346,678)						(74,646)
NET ASSETS
Beginning of period			2,215,978						4,998,021						64,757,837						2,500,155						124,763
End of period			$	1,932,016					$	4,669,665					$	—					$	2,153,477					$	50,117
Beginning units			51,849						120,931						2,090,155						242,616						8,595
Units issued			1,314						555						19,978						47,128						927
Units redeemed			(10,317)						(14,104)						(2,110,133)						(86,723)						(6,316)
Ending units			42,846						107,382						—						203,021						3,206

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A37

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Large-Cap Equity Portfolio						AST Bond Portfolio 2025						AST Bond Portfolio 2026						AST Bond Portfolio 2027						NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025**						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(5,316,723)					$	(148,417)					$	(387,885)					$	(612,335)					$	(136,306)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			22,205,925						969,674						563,161						26,387						(14,927)
Net change in unrealized appreciation (depreciation) on investments			28,285,246						(684,993)						571,907						1,903,162						4,160,246
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			45,174,448						136,264						747,183						1,317,214						4,009,013
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			1,375,269						—						—						—						39,657
Annuity payments			(879,844)						(73,418)						—						—						(189,595)
Surrenders, withdrawals and death benefits			(48,753,839)						(1,067,476)						(2,601,934)						(4,733,010)						(1,337,405)
Net transfers between other subaccounts
or fixed rate option			339,697,903						(19,116,114)						6,540,315						(1,417,018)						(254,165)
Miscellaneous transactions			(48,520)						(203)						(155)						(899)						285
Other charges			(3,116,788)						(11,180)						(12,101)						(12,665)						(13,227)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			288,274,181						(20,268,391)						3,926,125						(6,163,592)						(1,754,450)
TOTAL INCREASE (DECREASE) IN NET ASSETS			333,448,629						(20,132,127)						4,673,308						(4,846,378)						2,254,563
NET ASSETS
Beginning of period			150,116,835						20,132,127						15,728,479						34,672,627						12,966,394
End of period			$	483,565,464					$	—					$	20,401,787					$	29,826,249					$	15,220,957
Beginning units			4,443,710						1,708,541						1,539,932						3,560,702						1,207,682
Units issued			11,000,535						801,267						1,979,244						199,290						124,391
Units redeemed			(2,874,838)						(2,509,808)						(1,561,683)						(826,120)						(275,923)
Ending units			12,569,407						—						1,957,493						2,933,872						1,056,150

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A38

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Bond Portfolio 2028						AST Bond Portfolio 2029						AST Bond Portfolio 2030						AST Bond Portfolio 2031						MFS® International Growth Portfolio (Service Class)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(826,733)					$	(34,993)					$	(574,208)					$	(482,484)					$	(1,400)
Capital gains distributions received			—						—						—						—						36,994
Net realized gain (loss) on shares redeemed			(237,738)						262,339						(535,745)						(913,048)						11,186
Net change in unrealized appreciation (depreciation) on investments			3,416,471						(112,978)						3,314,702						3,207,393						19,605
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			2,352,000						114,368						2,204,749						1,811,861						66,385
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			—						—						—						—						—
Annuity payments			(17,683)						—						—						(106,199)						—
Surrenders, withdrawals and death benefits			(7,722,833)						(2,058,927)						(4,660,137)						(4,579,878)						(101,133)
Net transfers between other subaccounts
or fixed rate option			(962,555)						(13,982)						264,082						350,810						596,622
Miscellaneous transactions			5,338						—						1						(1,115)						7
Other charges			(18,563)						(499)						(21,155)						(18,594)						—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(8,716,296)						(2,073,408)						(4,417,209)						(4,354,976)						495,496
TOTAL INCREASE (DECREASE) IN NET ASSETS			(6,364,296)						(1,959,040)						(2,212,460)						(2,543,115)						561,881
NET ASSETS
Beginning of period			49,529,755						2,277,902						36,983,905						29,450,958						228,240
End of period			$	43,165,459					$	318,862					$	34,771,445					$	26,907,843					$	790,121
Beginning units			5,016,876						239,219						3,674,456						3,456,954						15,601
Units issued			56,188						9,640						179,598						936,691						36,100
Units redeemed			(919,097)						(217,483)						(598,991)						(1,427,915)						(6,406)
Ending units			4,153,967						31,376						3,255,063						2,965,730						45,295

The accompanying notes are an integral part of these financial statements.

A39

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			MFS® Total Return Bond Series (Service Class)						MFS® Total Return Series (Service Class)						MFS® Value Series (Service Class)						PSF PGIM Government Money Market Portfolio (Class III)						Invesco V.I. Discovery Mid Cap Growth Fund (Series I)
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			12/31/2025						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	59,590					$	13,609					$	(8,261)					$	1,119,387					$	(110,068)
Capital gains distributions received			—						82,474						254,792						—						697,070
Net realized gain (loss) on shares redeemed			3,067						7,938						85,199						—						83,752
Net change in unrealized appreciation (depreciation) on investments			43,417						(407)						153,459						—						(411,054)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			106,074						103,614						485,189						1,119,387						259,700
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			—						1,373						39,001						3,582,086						8,906
Annuity payments			—						—						—						—						(35,337)
Surrenders, withdrawals and death benefits			(121,474)						(90,470)						(258,776)						(32,601,021)						(911,416)
Net transfers between other subaccounts
or fixed rate option			1,066,638						111,044						1,048,070						31,574,951						(200,961)
Miscellaneous transactions			(14)						(63)						(130)						(22,841)						226
Other charges			—						—						—						(4,901)						(9,233)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			945,150						21,884						828,165						2,528,274						(1,147,815)
TOTAL INCREASE (DECREASE) IN NET ASSETS			1,051,224						125,498						1,313,354						3,647,661						(888,115)
NET ASSETS
Beginning of period			1,842,351						875,643						3,783,168						28,592,482						9,159,290
End of period			$	2,893,575					$	1,001,141					$	5,096,522					$	32,240,143					$	8,271,175
Beginning units			195,295						63,273						223,464						2,576,456						577,463
Units issued			126,181						37,237						299,355						4,744,454						18,212
Units redeemed			(30,884)						(34,429)						(252,980)						(4,521,667)						(91,368)
Ending units			290,592						66,081						269,839						2,799,243						504,307

The accompanying notes are an integral part of these financial statements.

A40

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNTS
			AST Global Bond Portfolio						AST Bond Portfolio 2032						AST Bond Portfolio 2033						AST Bond Portfolio 2034						AST Bond Portfolio 2035
			1/1/2025						1/1/2025						1/1/2025						1/1/2025						1/1/2025
			to						to						to						to						to
			2/7/2025**						12/31/2025						12/31/2025						12/31/2025						12/31/2025
OPERATIONS
Net investment income (loss)			$	(106,317)					$	(513,229)					$	—					$	(8,993)					$	(11,112)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			1,719,841						(653,560)						—						(29,093)						(90,952)
Net change in unrealized appreciation (depreciation) on investments			(1,306,444)						3,439,296						—						31,319						15,448
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			307,080						2,272,507						—						(6,767)						(86,616)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			3,616						—						—						—						—
Annuity payments			(1,406)						(6,401)						—						—						—
Surrenders, withdrawals and death benefits			(1,132,535)						(4,956,524)						—						(236,963)						(278,191)
Net transfers between other subaccounts
or fixed rate option			(76,340,430)						2,204,695						—						865,087						1,279,305
Miscellaneous transactions			(224)						(2,272)						—						—						282
Other charges			(31,107)						(16,682)						—						(699)						(347)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(77,502,086)						(2,777,184)						—						627,425						1,001,049
TOTAL INCREASE (DECREASE) IN NET ASSETS			(77,195,006)						(504,677)						—						620,658						914,433
NET ASSETS
Beginning of period			77,195,006						33,085,458						—						337,423						188,482
End of period			$	—					$	32,580,781					$	—					$	958,081					$	1,102,915
Beginning units			8,561,288						4,448,478						—						34,676						19,712
Units issued			94,853						881,731						—						295,059						743,235
Units redeemed			(8,656,141)						(1,229,282)						—						(239,558)						(657,147)
Ending units			—						4,100,927						—						90,177						105,800

**Date subaccount was no longer available for investment.

The accompanying notes are an integral part of these financial statements.

A41

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2025

			SUBACCOUNT
			AST Bond Portfolio 2036
			1/2/2025*
			to
			12/31/2025
OPERATIONS
Net investment income (loss)			$	(257)
Capital gains distributions received			—
Net realized gain (loss) on shares redeemed			176
Net change in unrealized appreciation (depreciation) on investments			219
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			138
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			—
Annuity payments			—
Surrenders, withdrawals and death benefits			—
Net transfers between other subaccounts
or fixed rate option			141,035
Miscellaneous transactions			—
Other charges			—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			141,035
TOTAL INCREASE (DECREASE) IN NET ASSETS			141,173
NET ASSETS
Beginning of period			—
End of period			$	141,173
Beginning units			—
Units issued			15,906
Units redeemed			(2,656)
Ending units			13,250

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A42

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			AST Large-Cap Growth Portfolio						AST Government Money Market Portfolio						AST Cohen & Steers Realty Portfolio						AST J.P. Morgan Conservative Multi-Asset Portfolio						AST High Yield Portfolio
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(20,335,399)					$	15,979,894					$	(1,031,482)					$	(8,319,346)					$	(1,115,399)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			124,225,761						—						6,525,610						2,199,330						966,048
Net change in unrealized appreciation (depreciation) on investments			261,655,065						—						(551,612)						37,388,933						5,746,674
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			365,545,427						15,979,894						4,942,516						31,268,917						5,597,323
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			3,872,775						3,563,064						87,121						737,592						470,594
Annuity payments			(5,682,202)						(2,964,057)						(154,724)						(1,045,949)						(239,180)
Surrenders, withdrawals and death benefits			(156,546,261)						(533,283,211)						(9,858,487)						(74,488,935)						(8,387,726)
Net transfers between other subaccounts
or fixed rate option			199,209,695						514,147,706						(5,024,412)						(15,762,793)						(1,078,996)
Miscellaneous transactions			(67,216)						(78,628)						6,056						(2,202)						2,344
Other charges			(6,420,593)						(783,859)						(612,323)						(5,812,219)						(445,133)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			34,366,198						(19,398,985)						(15,556,769)						(96,374,506)						(9,678,097)
TOTAL INCREASE (DECREASE) IN NET ASSETS			399,911,625						(3,419,091)						(10,614,253)						(65,105,589)						(4,080,774)
NET ASSETS
Beginning of period			1,419,702,521						462,647,956						92,964,844						693,577,875						91,908,178
End of period			$	1,819,614,146					$	459,228,865					$	82,350,591					$	628,472,286					$	87,827,404
Beginning units			20,426,528						39,949,477						1,541,233						27,195,832						3,153,842
Units issued			3,830,790						24,320,410						158,285						3,229,454						479,407
Units redeemed			(4,280,838)						(26,315,234)						(404,679)						(6,924,711)						(770,561)
Ending units			19,976,480						37,954,653						1,294,839						23,500,575						2,862,688

The accompanying notes are an integral part of these financial statements.

A43

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			AST Large-Cap Value Portfolio						AST Small-Cap Equity Portfolio						AST T. Rowe Price Natural Resources Portfolio						AST MFS Global Equity Portfolio						AST International Equity Portfolio
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(10,721,923)					$	(3,560,506)					$	(831,483)					$	(1,503,437)					$	(5,476,515)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			15,505,932						6,199,112						4,337,268						9,053,008						25,939,086
Net change in unrealized appreciation (depreciation) on investments			49,403,212						16,673,989						(1,127,970)						(2,204,320)						(4,143,810)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			54,187,221						19,312,595						2,377,815						5,345,251						16,318,761
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			2,546,826						893,186						1,157,755						1,309,627						476,878
Annuity payments			(2,088,048)						(888,493)						(214,939)						(86,637)						(842,422)
Surrenders, withdrawals and death benefits			(74,691,309)						(26,717,671)						(6,761,108)						(12,792,377)						(40,153,430)
Net transfers between other subaccounts
or fixed rate option			240,544,741						254,383,691						(2,078,427)						(1,604,440)						1,037,592
Miscellaneous transactions			(53,331)						(95,958)						2,198						(470)						7,591
Other charges			(3,254,254)						(1,459,721)						(619,679)						(977,344)						(1,780,778)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			163,004,625						226,115,034						(8,514,200)						(14,151,641)						(41,254,569)
TOTAL INCREASE (DECREASE) IN NET ASSETS			217,191,846						245,427,629						(6,136,385)						(8,806,390)						(24,935,808)
NET ASSETS
Beginning of period			764,191,186						257,185,134						73,314,168						129,280,428						405,074,671
End of period			$	981,383,032					$	502,612,763					$	67,177,783					$	120,474,038					$	380,138,863
Beginning units			18,579,752						4,840,214						1,587,071						3,085,676						11,667,841
Units issued			5,747,999						4,452,866						361,740						286,379						810,165
Units redeemed			(3,090,627)						(1,030,585)						(544,225)						(612,547)						(1,957,661)
Ending units			21,237,124						8,262,495						1,404,586						2,759,508						10,520,345

The accompanying notes are an integral part of these financial statements.

A44

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			AST Aggressive Asset Allocation Portfolio						AST Multi-Asset Diversified Plus Portfolio						AST Balanced Asset Allocation Portfolio						AST Preservation Asset Allocation Portfolio						AST J.P. Morgan Moderate Multi-Asset Portfolio
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(45,732,815)					$	(11,551,323)					$	(28,387,031)					$	(11,186,483)					$	(4,453,679)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			276,994,805						43,396,012						188,905,202						35,716,972						21,994,859
Net change in unrealized appreciation (depreciation) on investments			171,052,498						18,123,293						(28,732,528)						25,083,046						13,248,897
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			402,314,488						49,967,982						131,785,643						49,613,535						30,790,077
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			2,708,257						917,677						5,019,427						1,207,082						82,406
Annuity payments			(2,866,736)						(2,143,982)						(2,912,722)						(2,056,611)						(77,036)
Surrenders, withdrawals and death benefits			(402,459,468)						(92,341,342)						(237,360,596)						(103,162,599)						(34,941,076)
Net transfers between other subaccounts
or fixed rate option			(50,257,121)						(18,417,123)						2,199,636,508						(6,815,158)						(2,526,514)
Miscellaneous transactions			(6,312)						13,718						(25,635)						(741)						3,984
Other charges			(20,681,378)						(5,405,770)						(17,719,518)						(5,268,713)						(3,853,686)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(473,562,758)						(117,376,822)						1,946,637,464						(116,096,740)						(41,311,922)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(71,248,270)						(67,408,840)						2,078,423,107						(66,483,205)						(10,521,845)
NET ASSETS
Beginning of period			3,301,240,302						854,987,409						2,065,663,567						838,109,769						375,647,192
End of period			$	3,229,992,032					$	787,578,569					$	4,144,086,674					$	771,626,564					$	365,125,347
Beginning units			132,345,076						54,708,009						91,293,401						46,769,209						19,350,209
Units issued			2,060,207						5,118,387						89,756,000						4,718,566						1,285,498
Units redeemed			(19,473,587)						(12,479,490)						(15,178,793)						(11,045,274)						(3,318,348)
Ending units			114,931,696						47,346,906						165,870,608						40,442,501						17,317,359

The accompanying notes are an integral part of these financial statements.

A45

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			AST Core Fixed Income Portfolio						Davis Equity Portfolio						Columbia Variable Portfolio - Small Company Growth Fund (Class 1)						ProFund VP Asia 30						ProFund VP Banks
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(16,222,136)					$	(3,496)					$	5,540					$	(20,327)					$	24,743
Capital gains distributions received			—						189,809						—						—						—
Net realized gain (loss) on shares redeemed			(12,561,182)						(26,555)						(3,481)						18,301						1,013,991
Net change in unrealized appreciation (depreciation) on investments			30,262,688						(18,092)						85,443						251,656						(482,185)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			1,479,370						141,666						87,502						249,630						556,549
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			1,983,287						2,508						178						6,635						1,525
Annuity payments			(2,467,718)						—						—						(4,366)						(13)
Surrenders, withdrawals and death benefits			(139,958,068)						(15,263)						(4,538)						(473,343)						(175,915)
Net transfers between other subaccounts
or fixed rate option			93,265,783						(62,506)						(4,316)						195,777						(481,806)
Miscellaneous transactions			3,494						(6)						(92)						(5,766)						136
Other charges			(9,088,520)						(2,108)						(193)						(7,080)						(823)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(56,261,742)						(77,375)						(8,961)						(288,143)						(656,896)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(54,782,372)						64,291						78,541						(38,513)						(100,347)
NET ASSETS
Beginning of period			1,290,863,751						873,935						382,999						3,630,872						3,049,063
End of period			$	1,236,081,379					$	938,226					$	461,540					$	3,592,359					$	2,948,716
Beginning units			98,670,593						28,255						5,580						167,046						277,989
Units issued			12,406,039						155						2						105,564						345,853
Units redeemed			(16,696,872)						(2,186)						(109)						(119,943)						(396,531)
Ending units			94,379,760						26,224						5,473						152,667						227,311

The accompanying notes are an integral part of these financial statements.

A46

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			ProFund VP Bear						ProFund VP Biotechnology						ProFund VP Materials						ProFund VP UltraBull						ProFund VP Bull
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	47,491					$	(71,492)					$	(32,605)					$	(52,215)					$	(90,637)
Capital gains distributions received			31,150						2,414,027						3,120						—						645,223
Net realized gain (loss) on shares redeemed			(230,147)						(1,566,214)						46,215						2,333,132						2,909,316
Net change in unrealized appreciation (depreciation) on investments			48,930						(821,979)						(94,847)						608,576						(738,842)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			(102,576)						(45,658)						(78,117)						2,889,493						2,725,060
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			2,858						6,440						15,649						547,134						14,702
Annuity payments			(363)						(57,132)						(7,418)						(13)						(257,118)
Surrenders, withdrawals and death benefits			(47,701)						(551,627)						(473,815)						(961,252)						(1,879,112)
Net transfers between other subaccounts
or fixed rate option			(311,485)						(544,731)						(96,283)						156,509						(168,328)
Miscellaneous transactions			125						103						77						(396)						546
Other charges			(1,025)						(2,133)						(3,194)						(2,499)						(12,902)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(357,591)						(1,149,080)						(564,984)						(260,517)						(2,302,212)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(460,167)						(1,194,738)						(643,101)						2,628,976						422,848
NET ASSETS
Beginning of period			1,059,505						5,924,300						4,222,639						6,628,644						13,517,406
End of period			$	599,338					$	4,729,562					$	3,579,538					$	9,257,620					$	13,940,254
Beginning units			1,385,134						138,930						137,287						137,722						393,327
Units issued			2,477,636						50,556						30,734						116,861						776,882
Units redeemed			(2,956,505)						(76,847)						(48,303)						(120,411)						(830,553)
Ending units			906,265						112,639						119,718						134,172						339,656

The accompanying notes are an integral part of these financial statements.

A47

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			ProFund VP Consumer Discretionary						ProFund VP Consumer Staples						ProFund VP Energy						ProFund VP Europe 30						ProFund VP Financials
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(109,213)					$	6,268					$	97,491					$	27,819					$	(104,595)
Capital gains distributions received			710,825						1,956,866						482,863						156,741						808,163
Net realized gain (loss) on shares redeemed			433,589						(1,248,048)						331,452						171,263						85,670
Net change in unrealized appreciation (depreciation) on investments			492,273						(219,101)						(646,116)						(213,400)						1,289,378
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			1,527,474						495,985						265,690						142,423						2,078,616
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			5,228						4,477						1,085,056						2,284						10,029
Annuity payments			—						(6,733)						(40,361)						(4,657)						(4,460)
Surrenders, withdrawals and death benefits			(498,944)						(326,483)						(715,521)						(464,867)						(1,079,219)
Net transfers between other subaccounts
or fixed rate option			(539,734)						(364,006)						(1,567,602)						(652,412)						336,174
Miscellaneous transactions			155						161						180						—						(9,641)
Other charges			(56,449)						(43,468)						(9,267)						(11,876)						(52,453)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(1,089,744)						(736,052)						(1,247,515)						(1,131,528)						(799,570)
TOTAL INCREASE (DECREASE) IN NET ASSETS			437,730						(240,067)						(981,825)						(989,105)						1,279,046
NET ASSETS
Beginning of period			7,582,244						5,928,605						9,473,609						4,760,286						8,227,915
End of period			$	8,019,974					$	5,688,538					$	8,491,784					$	3,771,181					$	9,506,961
Beginning units			228,049						210,920						376,853						305,520						463,767
Units issued			80,811						69,925						362,836						59,964						177,754
Units redeemed			(112,772)						(94,977)						(414,118)						(130,333)						(216,115)
Ending units			196,088						185,868						325,571						235,151						425,406

The accompanying notes are an integral part of these financial statements.

A48

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			ProFund VP U.S. Government Plus						ProFund VP Health Care						ProFund Access VP High Yield Fund						ProFund VP Industrials						ProFund VP Internet
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	51,149					$	(253,052)					$	78,221					$	(70,146)					$	(71,572)
Capital gains distributions received			—						859,216						—						777,816						116,718
Net realized gain (loss) on shares redeemed			60,487						(406,564)						(39,133)						253,382						438,333
Net change in unrealized appreciation (depreciation) on investments			(466,885)						(230,152)						57,350						(214,275)						1,003,178
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			(355,249)						(30,552)						96,438						746,777						1,486,657
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			4,840						3,689						2,732						2,744						1,880
Annuity payments			(240,621)						(6,242)						(13,715)						(118)						(291)
Surrenders, withdrawals and death benefits			(262,123)						(2,142,566)						(201,968)						(604,753)						(205,202)
Net transfers between other subaccounts
or fixed rate option			(307,078)						716,576						(85,225)						(261,291)						(78,237)
Miscellaneous transactions			439						336						(310)						6						270
Other charges			(5,140)						(120,013)						(996)						(29,879)						(1,463)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(809,683)						(1,548,220)						(299,482)						(893,291)						(283,043)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(1,164,932)						(1,578,772)						(203,044)						(146,514)						1,203,614
NET ASSETS
Beginning of period			3,362,356						18,416,449						2,152,308						6,075,245						5,568,954
End of period			$	2,197,424					$	16,837,677					$	1,949,264					$	5,928,731					$	6,772,568
Beginning units			241,662						525,764						98,362						166,351						51,845
Units issued			314,423						115,621						11,488						51,562						16,626
Units redeemed			(376,061)						(159,810)						(24,549)						(75,085)						(19,174)
Ending units			180,024						481,575						85,301						142,828						49,297

The accompanying notes are an integral part of these financial statements.

A49

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			ProFund VP Japan						ProFund VP Precious Metals						ProFund VP Mid-Cap Growth						ProFund VP Mid-Cap Value						ProFund VP Pharmaceuticals
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	43,558					$	163,692					$	(164,262)					$	(93,735)					$	(16,784)
Capital gains distributions received			460,802						—						460,941						363,096						134,027
Net realized gain (loss) on shares redeemed			865,565						1,249,215						1,511,706						244,847						(101,148)
Net change in unrealized appreciation (depreciation) on investments			(612,902)						(1,257,186)						(682,673)						45,831						2,347
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			757,023						155,721						1,125,712						560,039						18,442
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			1,913						12,542						2,088						7,112						1,907
Annuity payments			(7,505)						(118,082)						(80,496)						(7,358)						—
Surrenders, withdrawals and death benefits			(350,965)						(591,479)						(1,319,941)						(754,135)						(339,248)
Net transfers between other subaccounts
or fixed rate option			(1,359,015)						(2,446,522)						320,718						(214,450)						134,551
Miscellaneous transactions			1,493						348						(81)						102						(215)
Other charges			(7,251)						(11,406)						(55,491)						(32,307)						(1,590)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(1,721,330)						(3,154,599)						(1,133,203)						(1,001,036)						(204,595)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(964,307)						(2,998,878)						(7,491)						(440,997)						(186,153)
NET ASSETS
Beginning of period			3,694,770						10,184,075						11,362,622						9,310,774						1,436,385
End of period			$	2,730,463					$	7,185,197					$	11,355,131					$	8,869,777					$	1,250,232
Beginning units			187,671						1,092,183						327,943						265,043						78,455
Units issued			117,476						2,862,354						255,303						220,023						68,579
Units redeemed			(193,182)						(3,207,656)						(294,674)						(257,188)						(80,895)
Ending units			111,965						746,881						288,572						227,878						66,139

The accompanying notes are an integral part of these financial statements.

A50

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			ProFund VP Real Estate						ProFund VP Rising Rates Opportunity						ProFund VP Nasdaq-100						ProFund VP Semiconductor						ProFund VP Small-Cap Growth
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	5,077					$	59,040					$	(256,122)					$	(181,077)					$	(139,500)
Capital gains distributions received			134,757						892,451						3,290,236						970,547						448,579
Net realized gain (loss) on shares redeemed			(897,953)						(694,623)						4,590,581						6,354,736						322,607
Net change in unrealized appreciation (depreciation) on investments			861,541						7,141						(2,303,832)						(1,003,979)						(168,293)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			103,422						264,009						5,320,863						6,140,227						463,393
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			12,142						2,912						32,329						2,646						5,925
Annuity payments			(24,697)						(21,938)						(193,052)						(27)						(34,700)
Surrenders, withdrawals and death benefits			(548,665)						(193,725)						(1,898,966)						(1,038,772)						(954,589)
Net transfers between other subaccounts
or fixed rate option			(142,135)						(102,853)						(1,043,871)						3,692,946						(63,318)
Miscellaneous transactions			(421)						(20)						(3,800)						34,901						(833)
Other charges			(17,640)						(5,433)						(21,520)						(2,382)						(47,403)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(721,416)						(321,057)						(3,128,880)						2,689,312						(1,094,918)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(617,994)						(57,048)						2,191,983						8,829,539						(631,525)
NET ASSETS
Beginning of period			4,548,459						1,825,966						25,324,876						8,549,406						10,132,274
End of period			$	3,930,465					$	1,768,918					$	27,516,859					$	17,378,945					$	9,500,749
Beginning units			146,928						1,276,124						539,932						156,168						261,184
Units issued			85,310						3,153,086						385,426						267,759						98,839
Units redeemed			(105,679)						(3,350,326)						(439,539)						(234,897)						(129,513)
Ending units			126,559						1,078,884						485,819						189,030						230,510

The accompanying notes are an integral part of these financial statements.

A51

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			ProFund VP Short Mid-Cap						ProFund VP Short Nasdaq-100						ProFund VP Short Small-Cap						ProFund VP Small-Cap Value						ProFund VP Technology
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	4,412					$	30,402					$	10,612					$	(69,601)					$	(102,551)
Capital gains distributions received			—						—						—						39,863						640,700
Net realized gain (loss) on shares redeemed			(11,073)						(175,086)						(47,271)						131,150						841,930
Net change in unrealized appreciation (depreciation) on investments			1,785						29,430						36,091						99,205						88,600
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			(4,876)						(115,254)						(568)						200,617						1,468,679
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			18						1,107						213						19,484						5,890
Annuity payments			—						(359)						—						(7,162)						(77,743)
Surrenders, withdrawals and death benefits			16,686						12,202						5,566						(674,983)						(865,465)
Net transfers between other subaccounts
or fixed rate option			(17,986)						(278,531)						(115,028)						(358,583)						(300,221)
Miscellaneous transactions			108						121						17						4,325						(223)
Other charges			(43)						(1,303)						(108)						(29,987)						(2,630)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(1,217)						(266,763)						(109,340)						(1,046,906)						(1,240,392)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(6,093)						(382,017)						(109,908)						(846,289)						228,287
NET ASSETS
Beginning of period			47,479						889,967						262,650						7,493,234						8,818,346
End of period			$	41,386					$	507,950					$	152,742					$	6,646,945					$	9,046,633
Beginning units			71,972						4,939,310						416,156						252,265						230,446
Units issued			1,140,048						9,360,757						3,139,561						99,313						65,240
Units redeemed			(1,141,068)						(10,934,230)						(3,288,465)						(135,946)						(97,948)
Ending units			70,952						3,365,837						267,252						215,632						197,738

The accompanying notes are an integral part of these financial statements.

A52

---

FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			ProFund VP Communication Services						ProFund VP UltraMid-Cap						ProFund VP UltraNasdaq-100						ProFund VP UltraSmall-Cap						ProFund VP Utilities
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(64,341)					$	(35,816)					$	(522,589)					$	(23,828)					$	24,999
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			894,990						1,235,161						8,378,942						1,134,778						(105,380)
Net change in unrealized appreciation (depreciation) on investments			353,899						(487,908)						15,520,743						(803,064)						1,984,785
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			1,184,548						711,437						23,377,096						307,886						1,904,404
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			9,421						5,274						43,174						2,397						17,420
Annuity payments			—						(1,245)						(201,362)						(11,939)						(174,860)
Surrenders, withdrawals and death benefits			(455,538)						(892,544)						(3,395,957)						(647,287)						(985,883)
Net transfers between other subaccounts
or fixed rate option			639,278						(1,055,829)						(4,122,757)						(1,106,257)						104,523
Miscellaneous transactions			(31)						(186)						(25,893)						968						(228)
Other charges			(27,804)						(3,512)						(14,194)						(1,595)						(54,213)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			165,326						(1,948,042)						(7,716,989)						(1,763,713)						(1,093,241)
TOTAL INCREASE (DECREASE) IN NET ASSETS			1,349,874						(1,236,605)						15,660,107						(1,455,827)						811,163
NET ASSETS
Beginning of period			3,299,597						7,009,960						64,197,565						4,305,416						10,225,316
End of period			$	4,649,471					$	5,773,355					$	79,857,672					$	2,849,589					$	11,036,479
Beginning units			274,575						125,500						1,864,486						162,604						390,622
Units issued			303,814						182,249						192,583						553,519						141,211
Units redeemed			(297,599)						(221,058)						(439,992)						(616,723)						(180,360)
Ending units			280,790						86,691						1,617,077						99,400						351,473

The accompanying notes are an integral part of these financial statements.

A53

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			ProFund VP Large-Cap Growth						ProFund VP Large-Cap Value						Rydex VT Nova Fund						Rydex VT NASDAQ-100® Fund						Rydex VT Inverse S&P 500® Strategy Fund
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(255,789)					$	(111,233)					$	(21,917)					$	(124,139)					$	800
Capital gains distributions received			352,044						1,358,315						—						201,282						—
Net realized gain (loss) on shares redeemed			1,389,016						478,546						217,378						949,486						(579)
Net change in unrealized appreciation (depreciation) on investments			3,337,524						(806,608)						212,788						1,055,155						(1,365)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			4,822,795						919,020						408,249						2,081,784						(1,144)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			20,064						3,223						2,682						19,911						6
Annuity payments			(2,838)						(5,476)						(45,036)						(41,361)						—
Surrenders, withdrawals and death benefits			(1,885,415)						(831,244)						(109,153)						(1,087,422)						(71)
Net transfers between other subaccounts
or fixed rate option			707,130						454,510						(52,165)						(339,405)						886
Miscellaneous transactions			(1,494)						(2,357)						(240)						(162)						(5)
Other charges			(81,973)						(40,815)						(1,524)						(9,360)						(5)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(1,244,526)						(422,159)						(205,436)						(1,457,799)						811
TOTAL INCREASE (DECREASE) IN NET ASSETS			3,578,269						496,861						202,813						623,985						(333)
NET ASSETS
Beginning of period			16,042,134						10,293,601						1,383,080						9,805,788						7,020
End of period			$	19,620,403					$	10,790,462					$	1,585,893					$	10,429,773					$	6,687
Beginning units			400,135						398,412						45,762						223,485						8,266
Units issued			241,453						151,975						1,020						651						1,434
Units redeemed			(267,756)						(165,671)						(6,693)						(29,662)						(501)
Ending units			373,832						384,716						40,089						194,474						9,199

The accompanying notes are an integral part of these financial statements.

A54

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			Invesco V.I. Health Care Fund (Series I)						Invesco V.I. Technology Fund (Series I)						Allspring VT Index Asset Allocation Fund (Class 2)						Allspring VT Small Cap Growth Fund (Class 2)						AST PGIM Aggressive Multi-Asset Portfolio
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(217,636)					$	(259,891)					$	(14,609)					$	(13,052)					$	(33,506,890)
Capital gains distributions received			—						840,213						939,327						—						—
Net realized gain (loss) on shares redeemed			159,262						(606,236)						667,383						(6,878)						143,783,293
Net change in unrealized appreciation (depreciation) on investments			714,848						5,545,325						234,682						167,619						202,908,996
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			656,474						5,519,411						1,826,783						147,689						313,185,399
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			30,602						40,729						11,024						1,424						1,177,273
Annuity payments			(366,270)						(128,609)						(80,957)						—						(2,267,955)
Surrenders, withdrawals and death benefits			(2,082,499)						(1,747,936)						(554,067)						(165,862)						(268,409,043)
Net transfers between other subaccounts
or fixed rate option			(406,760)						(748,519)						(821,445)						(37,333)						(21,877,593)
Miscellaneous transactions			(1,934)						(201)						(151)						437						(63,283)
Other charges			(15,608)						(15,406)						(3,014)						(357)						(25,206,698)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(2,842,469)						(2,599,942)						(1,448,610)						(201,691)						(316,647,299)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(2,185,995)						2,919,469						378,173						(54,002)						(3,461,900)
NET ASSETS
Beginning of period			17,162,161						18,042,827						14,159,492						910,925						2,684,318,482
End of period			$	14,976,166					$	20,962,296					$	14,537,665					$	856,923					$	2,680,856,582
Beginning units			419,693						810,212						219,391						26,820						138,758,842
Units issued			10,404						14,911						300						118						9,775,784
Units redeemed			(74,383)						(113,685)						(20,959)						(5,378)						(25,240,775)
Ending units			355,714						711,438						198,732						21,560						123,293,851

The accompanying notes are an integral part of these financial statements.

A55

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			AST Multi-Asset Diversified Portfolio						AST Investment Grade Bond Portfolio						AST Emerging Markets Equity Portfolio						Allspring VT Discovery All Cap Growth Fund (Class 2)						Allspring VT Discovery All Cap Growth Fund (Class 1)
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(13,653,985)					$	(32,169,349)					$	(645,790)					$	(23,044)					$	(174,319)
Capital gains distributions received			—						—						—						76,712						611,383
Net realized gain (loss) on shares redeemed			79,188,257						104,168,480						1,597,014						(582)						(246,070)
Net change in unrealized appreciation (depreciation) on investments			27,836,305						(43,810,441)						965,642						230,972						2,197,533
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			93,370,577						28,188,690						1,916,866						284,058						2,388,527
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			588,228						10						4,984						2,324						16,316
Annuity payments			(1,716,519)						(2,161,408)						(28,713)						—						(16,493)
Surrenders, withdrawals and death benefits			(117,613,604)						(271,927,179)						(5,182,111)						(225,253)						(1,528,227)
Net transfers between other subaccounts
or fixed rate option			(22,427,158)						(120,874,621)						426,568						(80,700)						(502,338)
Miscellaneous transactions			1,142						(29,938)						508						308						131
Other charges			(7,240,458)						(35,869,214)						(628,604)						(705)						(11,240)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(148,408,369)						(430,862,350)						(5,407,368)						(304,026)						(2,041,851)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(55,037,792)						(402,673,660)						(3,490,502)						(19,968)						346,676
NET ASSETS
Beginning of period			1,033,799,131						2,714,067,613						58,772,216						1,634,268						12,638,558
End of period			$	978,761,339					$	2,311,393,953					$	55,281,714					$	1,614,300					$	12,985,234
Beginning units			44,733,006						155,507,385						6,278,240						37,517						278,807
Units issued			1,157,203						68,308,724						1,225,224						51						10,194
Units redeemed			(7,242,174)						(91,920,512)						(1,799,307)						(6,501)						(45,150)
Ending units			38,648,035						131,895,597						5,704,157						31,067						243,851

The accompanying notes are an integral part of these financial statements.

A56

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			Allspring VT Small Cap Growth Fund (Class 1)						AST Quantitative Modeling Portfolio						Invesco V.I. Diversified Dividend Fund (Series I)						Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)						Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(120,318)					$	(416,346)					$	84,672					$	2,716					$	(65,012)
Capital gains distributions received			—						—						596,145						—						—
Net realized gain (loss) on shares redeemed			(169,770)						4,138,776						48,751						(5,251)						503,756
Net change in unrealized appreciation (depreciation) on investments			1,754,335						525,296						961,970						3,326						1,226,994
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			1,464,247						4,247,726						1,691,538						791						1,665,738
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			10,821						70,182						19,849						178						2,559
Annuity payments			(92,958)						—						(62,426)						—						(4,982)
Surrenders, withdrawals and death benefits			(788,181)						(8,466,464)						(1,416,117)						(11,732)						(403,149)
Net transfers between other subaccounts
or fixed rate option			(70,237)						(396,260)						(430,105)						(4,972)						(49,758)
Miscellaneous transactions			(399)						1,882						(1,950)						(313)						(1,422)
Other charges			(8,909)						(12,193)						(12,790)						(103)						(2,150)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(949,863)						(8,802,853)						(1,903,539)						(16,942)						(458,902)
TOTAL INCREASE (DECREASE) IN NET ASSETS			514,384						(4,555,127)						(212,001)						(16,151)						1,206,836
NET ASSETS
Beginning of period			8,901,060						36,050,863						15,074,281						131,151						5,678,000
End of period			$	9,415,444					$	31,495,736					$	14,862,280					$	115,000					$	6,884,836
Beginning units			283,991						1,802,310						584,521						12,633						129,742
Units issued			18,160						40,940						35,987						1,276						1,433
Units redeemed			(45,991)						(433,047)						(106,071)						(2,893)						(10,172)
Ending units			256,160						1,410,203						514,437						11,016						121,003

The accompanying notes are an integral part of these financial statements.

A57

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			Allspring VT Opportunity Fund (Class 1)						Allspring VT Opportunity Fund (Class 2)						AST ClearBridge Dividend Growth Portfolio						Columbia Variable Portfolio - Government Money Market Fund (Class 1)						Columbia Variable Portfolio - Income Opportunities Fund (Class 1)
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(25,042)					$	(68,264)					$	(818,283)					$	99,683					$	5,698
Capital gains distributions received			225,295						496,885						—						—						—
Net realized gain (loss) on shares redeemed			3,549						32,443						5,340,679						—						(1,526)
Net change in unrealized appreciation (depreciation) on investments			78,257						169,095						4,775,852						—						1,677
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			282,059						630,159						9,298,248						99,683						5,849
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			4,627						1,681						16,417						1,409						55
Annuity payments			—						(52,391)						(42,423)						(1,336)						—
Surrenders, withdrawals and death benefits			(133,368)						(286,396)						(7,508,354)						(553,536)						(3,907)
Net transfers between other subaccounts
or fixed rate option			3,063						(202,458)						162,431						270,111						—
Miscellaneous transactions			(1)						(183)						(1,655)						(210)						—
Other charges			(3,677)						(2,038)						(547,906)						(1,552)						(21)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(129,356)						(541,785)						(7,921,490)						(285,114)						(3,873)
TOTAL INCREASE (DECREASE) IN NET ASSETS			152,703						88,374						1,376,758						(185,431)						1,976
NET ASSETS
Beginning of period			2,063,275						4,909,647						63,381,079						2,685,586						122,787
End of period			$	2,215,978					$	4,998,021					$	64,757,837					$	2,500,155					$	124,763
Beginning units			54,901						134,745						2,353,651						270,879						8,868
Units issued			940						478						323,803						30,925						4
Units redeemed			(3,992)						(14,292)						(587,299)						(59,188)						(277)
Ending units			51,849						120,931						2,090,155						242,616						8,595

The accompanying notes are an integral part of these financial statements.

A58

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			AST Large-Cap Equity Portfolio						AST Bond Portfolio 2025						AST Bond Portfolio 2026						AST Bond Portfolio 2027						NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(1,722,084)					$	(284,802)					$	(280,312)					$	(709,635)					$	(7,270)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			3,729,705						343,019						(438,526)						(659,741)						(739,464)
Net change in unrealized appreciation (depreciation) on investments			26,057,230						555,349						1,152,724						2,046,040						1,394,228
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			28,064,851						613,566						433,886						676,664						647,494
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			784,006						—						—						5						50,087
Annuity payments			(365,817)						—						—						—						(85,949)
Surrenders, withdrawals and death benefits			(13,687,200)						(1,876,679)						(3,160,852)						(3,942,721)						(1,517,503)
Net transfers between other subaccounts
or fixed rate option			9,013,801						18,568,802						(370,859)						(2,360,149)						(612,416)
Miscellaneous transactions			20,580						(128)						16						(468)						(974)
Other charges			(811,892)						(3,539)						(12,065)						(14,348)						(15,284)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(5,046,522)						16,688,456						(3,543,760)						(6,317,681)						(2,182,039)
TOTAL INCREASE (DECREASE) IN NET ASSETS			23,018,329						17,302,022						(3,109,874)						(5,641,017)						(1,534,545)
NET ASSETS
Beginning of period			127,098,506						2,830,105						18,838,353						40,313,644						14,500,939
End of period			$	150,116,835					$	20,132,127					$	15,728,479					$	34,672,627					$	12,966,394
Beginning units			4,607,491						249,967						1,901,329						4,226,660						1,412,662
Units issued			683,626						2,348,025						168,461						243,798						93,753
Units redeemed			(847,407)						(889,451)						(529,858)						(909,756)						(298,733)
Ending units			4,443,710						1,708,541						1,539,932						3,560,702						1,207,682

The accompanying notes are an integral part of these financial statements.

A59

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			AST Bond Portfolio 2028						AST Bond Portfolio 2029						AST Bond Portfolio 2030						AST Bond Portfolio 2031						MFS® International Growth Portfolio (Service Class)
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(963,215)					$	(65,386)					$	(620,840)					$	(490,827)					$	(1,496)
Capital gains distributions received			—						—						—						—						1,318
Net realized gain (loss) on shares redeemed			(1,141,169)						20,234						(933,010)						(1,387,569)						39,967
Net change in unrealized appreciation (depreciation) on investments			2,454,228						23,362						1,286,713						1,334,839						(10,371)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			349,844						(21,790)						(267,137)						(543,557)						29,418
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			—						—						—						—						2
Annuity payments			(103,768)						—						—						—						—
Surrenders, withdrawals and death benefits			(8,801,322)						(282,630)						(4,693,961)						(6,587,501)						(10,957)
Net transfers between other subaccounts
or fixed rate option			(1,949,910)						(766,410)						(312,484)						3,626,214						(6,633)
Miscellaneous transactions			2,450						(52)						(185)						(1,955)						19
Other charges			(21,876)						(669)						(23,516)						(17,473)						—
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(10,874,426)						(1,049,761)						(5,030,146)						(2,980,715)						(17,569)
TOTAL INCREASE (DECREASE) IN NET ASSETS			(10,524,582)						(1,071,551)						(5,297,283)						(3,524,272)						11,849
NET ASSETS
Beginning of period			60,054,337						3,349,453						42,281,188						32,975,230						216,391
End of period			$	49,529,755					$	2,277,902					$	36,983,905					$	29,450,958					$	228,240
Beginning units			6,127,009						350,329						4,174,676						3,812,352						15,877
Units issued			58,130						7,606						132,997						893,586						46,963
Units redeemed			(1,168,263)						(118,716)						(633,217)						(1,248,984)						(47,239)
Ending units			5,016,876						239,219						3,674,456						3,456,954						15,601

The accompanying notes are an integral part of these financial statements.

A60

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			MFS® Total Return Bond Series (Service Class)						MFS® Total Return Series (Service Class)						MFS® Value Series (Service Class)						PSF PGIM Government Money Market Portfolio (Class III)						Invesco V.I. Discovery Mid Cap Growth Fund (Series I)
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/1/2024
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	19,460					$	6,919					$	2,916					$	1,360,176					$	(118,008)
Capital gains distributions received			—						38,090						233,662						—						—
Net realized gain (loss) on shares redeemed			972						(2,089)						(24,012)						—						(9,078)
Net change in unrealized appreciation (depreciation) on investments			(44,057)						1,421						7,740						—						1,935,030
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			(23,625)						44,341						220,306						1,360,176						1,807,944
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			—						1,741						58,749						3,517,244						9,450
Annuity payments			—						—						—						—						(33,628)
Surrenders, withdrawals and death benefits			(43,984)						(39,918)						(307,688)						(17,284,301)						(567,656)
Net transfers between other subaccounts
or fixed rate option			1,260,908						87,357						938,012						16,293,133						(429,107)
Miscellaneous transactions			(9)						(236)						2,121						(228)						821
Other charges			—						—						—						(5,786)						(11,109)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			1,216,915						48,944						691,194						2,520,062						(1,031,229)
TOTAL INCREASE (DECREASE) IN NET ASSETS			1,193,290						93,285						911,500						3,880,238						776,715
NET ASSETS
Beginning of period			649,061						782,358						2,871,668						24,712,244						8,382,575
End of period			$	1,842,351					$	875,643					$	3,783,168					$	28,592,482					$	9,159,290
Beginning units			69,487						59,956						186,416						2,332,662						648,052
Units issued			214,923						70,789						280,311						3,413,702						15,298
Units redeemed			(89,115)						(67,472)						(243,263)						(3,169,908)						(85,887)
Ending units			195,295						63,273						223,464						2,576,456						577,463

The accompanying notes are an integral part of these financial statements.

A61

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FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

STATEMENTS OF CHANGES IN NET ASSETS

For the period ended December 31, 2024

			SUBACCOUNTS
			AST Global Bond Portfolio						AST Bond Portfolio 2032						AST Bond Portfolio 2033						AST Bond Portfolio 2034						AST Bond Portfolio 2035
			1/1/2024						1/1/2024						1/1/2024						1/1/2024						1/2/2024*
			to						to						to						to						to
			12/31/2024						12/31/2024						12/31/2024						12/31/2024						12/31/2024
OPERATIONS
Net investment income (loss)			$	(1,053,458)					$	(631,466)					$	(1,050)					$	(8,984)					$	(3,844)
Capital gains distributions received			—						—						—						—						—
Net realized gain (loss) on shares redeemed			(855,571)						(2,261,459)						21,895						(8,991)						(26,788)
Net change in unrealized appreciation (depreciation) on investments			2,991,863						2,297,309						(28,890)						(13,438)						(7,314)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS			1,082,834						(595,616)						(8,045)						(31,413)						(37,946)
CONTRACT OWNER TRANSACTIONS
Contract owner net payments			116,887						—						—						—						—
Annuity payments			(203,640)						—						—						—						—
Surrenders, withdrawals and death benefits			(9,675,718)						(15,938,937)						(171,210)						(197,971)						(7,434)
Net transfers between other subaccounts
or fixed rate option			7,923,909						(976,246)						(64,219)						538,777						233,889
Miscellaneous transactions			(5,676)						11,035						(2)						839						—
Other charges			(348,036)						(19,112)						(20)						(677)						(27)
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM CONTRACT OWNER TRANSACTIONS			(2,192,274)						(16,923,260)						(235,451)						340,968						226,428
TOTAL INCREASE (DECREASE) IN NET ASSETS			(1,109,440)						(17,518,876)						(243,496)						309,555						188,482
NET ASSETS
Beginning of period			78,304,446						50,604,334						243,496						27,868						—
End of period			$	77,195,006					$	33,085,458					$	—					$	337,423					$	188,482
Beginning units			8,799,838						6,649,309						30,344						2,722						—
Units issued			1,700,595						49,754						1,052						229,916						143,035
Units redeemed			(1,939,145)						(2,250,585)						(31,396)						(197,962)						(123,323)
Ending units			8,561,288						4,448,478						—						34,676						19,712

*Date subaccount became available for investment.

The accompanying notes are an integral part of these financial statements.

A62

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NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B

Note 1:    General

Fortitude Life Insurance & Annuity Company Variable Account B (the "Account", formerly Prudential Annuities Life Assurance Corporation Variable Account B) was established under the laws of the State of Connecticut on November 25, 1987 to fund variable annuities offered by Prudential Annuities Life Assurance Corporation (“PALAC", now known as Fortitude Life Insurance & Annuity Company ("FLIAC")). Prior to April 1, 2022, PALAC was a wholly-owned subsidiary of Prudential Annuities, Inc. ("PAI") which was an indirect, wholly-owned subsidiary of Prudential Financial, Inc. (“Prudential Financial”). On April 1, 2022, PAI completed the sale of its equity interest in PALAC to Fortitude Group Holdings, LLC (“FGH”), the parent company of Fortitude Reinsurance Company, Ltd, and as a result, FLIAC became a wholly-owned subsidiary of FGH and is no longer an affiliate of Prudential Financial or any of its affiliates.

On April 1, 2022, FGH and Prudential Financial entered into an Administrative Service Agreement whereby Prudential Financial continues to administer and service the contracts noted below, including the payment of benefits and oversight of investment management.

Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from the other assets and liabilities of FLIAC. The assets of the Account will not be charged with any liabilities arising out of any other business FLIAC may conduct. However, the Account’s obligations, including insurance benefits related to the variable annuities, are the obligations of FLIAC.

On August 30, 2013, PALAC received approval from the Arizona and Connecticut Departments of Insurance to redomesticate PALAC from Connecticut to Arizona effective August 31, 2013. As a result of the redomestication and sale, FLIAC is an Arizona insurance company and its principal insurance regulatory authority is the Arizona Department of Insurance. The Account is operated in accordance with the laws of Arizona. There was no impact to the operation of the Account.

The Account is registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended, as a unit investment trust. The Account is a funding vehicle for several flexible premium deferred individual variable annuity contracts, as well as two immediate individual variable annuities issued by FLIAC (individually, a “contract” or “product” and collectively, the “contracts” or “products”). The following is a list of each contract funded through the Account.

A63

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NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

Advanced Series Advisor Plan (“ASAP”)			Advanced Series XTra Credit Premier (“XTra Credit Premier”)
Advanced Series Advisor Plan II (“ASAP II”)			Advanced Series XTra Credit SIX (“XTra Credit SIX”)
Advanced Series Advisor Plan II (“Emerald Choice”)*			Advisors Choice Advisors Select
Advanced Series Advisor Plan II (“Imperium”)*			Alliance Capital Navigator Annuity (“ACN”)
Advanced Series Advisor Plan II Premier (“ASAP II Premier”)			FlexGuard
Advanced Series Advisor Plan III (“ASAP III”)			FlexGuard Income
Advanced Series Advisors Choice 2000 (“Choice 2000”)			Galaxy Variable Annuity (“Galaxy III”)
Advanced Series Advisors Income Annuity (“ASAIA”)			Harvester Variable Annuity (“Harvester Variable Annuity”)
Advanced Series Apex (“Apex”)			Harvester XTra Credit (“Harvester XTra Credit”)
Advanced Series Apex II (“Apex II”)			Optimum
Advanced Series Cornerstone ("AS Cornerstone")			Optimum Four
Advanced Series Impact (“AS Impact”)			Optimum Plus
Advanced Series Impact (“Defined Investments Annuity”)*			Optimum XTra
Advanced Series LifeVest (“ASL”)			Personal Security Annuity (“PSA”)
Advanced Series LifeVest II (“ASL II”)			Stagecoach Advanced Series Advisor Plan III
Advanced Series LifeVest II Premier ("ASL II Premier”)			Stagecoach APEX
Advanced Series LifeVest Premier (“ASL Premier”)			Stagecoach Apex II
Advanced Series Protector (“AS Protector”)			Stagecoach Variable Annuity
Advanced Series Variable Immediate Annuity (“ASVIA”)			Stagecoach Variable Annuity Flex
Advanced Series XTra Credit (“XTra Credit”)			Stagecoach Variable Annuity Plus
Advanced Series XTra Credit EIGHT (“XTra Credit EIGHT”)			Stagecoach XTra Credit
Advanced Series XTra Credit FOUR (“XTtra Credit FOUR”)			Stagecoach XTra Credit SIX
Advanced Series XTra Credit FOUR Premier (“XTra Credit
FOUR Premier")
*Different product version offered from the original product.

The contracts may be used as an investment vehicle for “qualified” investments, including an Individual Retirement Account, Simplified Employee Pension Individual Retirement Account, Roth Individual Retirement Account or Tax Sheltered Annuity (403 (b)) or as an investment vehicle for “non-qualified” investments. When a contract is purchased as a “qualified” investment, it does not provide any tax advantages in addition to the preferential treatment already available under the Internal Revenue Code.

The contracts offer the option to invest in various subaccounts listed below (collectively, the “Portfolios”). Investment options vary by contract.

The corresponding subaccount names are as follows:

AST Large-Cap Growth Portfolio
AST Government Money Market Portfolio
AST Cohen & Steers Realty Portfolio*
AST J.P. Morgan Conservative Multi-Asset Portfolio
AST High Yield Portfolio*
AST Large-Cap Value Portfolio
AST Small-Cap Equity Portfolio
AST T. Rowe Price Natural Resources Portfolio*
AST MFS Global Equity Portfolio*
AST International Equity Portfolio
AST Aggressive Asset Allocation Portfolio (formerly AST Capital Growth Asset Allocation Portfolio)
AST Multi-Asset Diversified Plus Portfolio (formerly AST Academic Strategies Asset Allocation Portfolio)
AST Balanced Asset Allocation Portfolio
AST Preservation Asset Allocation Portfolio
AST J.P. Morgan Moderate Multi-Asset Portfolio
AST Core Fixed Income Portfolio
Davis Equity Portfolio
Columbia Variable Portfolio - Small Company Growth Fund (Class 1)
ProFund VP Asia 30
ProFund VP Banks
ProFund VP Bear

A64

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NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

ProFund VP Biotechnology
ProFund VP Materials
ProFund VP UltraBull
ProFund VP Bull
ProFund VP Consumer Discretionary
ProFund VP Consumer Staples
ProFund VP Energy
ProFund VP Europe 30
ProFund VP Financials
ProFund VP U.S. Government Plus
ProFund VP Health Care
ProFund Access VP High Yield Fund
ProFund VP Industrials
ProFund VP Internet
ProFund VP Japan
ProFund VP Precious Metals
ProFund VP Mid-Cap Growth
ProFund VP Mid-Cap Value
ProFund VP Pharmaceuticals
ProFund VP Real Estate
ProFund VP Rising Rates Opportunity
ProFund VP Nasdaq-100
ProFund VP Semiconductor
ProFund VP Small-Cap Growth
ProFund VP Short Mid-Cap
ProFund VP Short Nasdaq-100
ProFund VP Short Small-Cap
ProFund VP Small-Cap Value
ProFund VP Technology
ProFund VP Communication Services
ProFund VP UltraMid-Cap
ProFund VP UltraNasdaq-100
ProFund VP UltraSmall-Cap
ProFund VP Utilities
ProFund VP Large-Cap Growth
ProFund VP Large-Cap Value
Rydex VT Nova Fund
Rydex VT NASDAQ-100® Fund
Rydex VT Inverse S&P 500® Strategy Fund
Invesco V.I. Health Care Fund (Series I)
Invesco V.I. Technology Fund (Series I)
Allspring VT Index Asset Allocation Fund (Class 2)
Allspring VT Small Cap Growth Fund (Class 2)
AST PGIM Aggressive Multi-Asset Portfolio (formerly AST Prudential Growth Allocation Portfolio)
AST Multi-Asset Diversified Portfolio (formerly AST Advanced Strategies Portfolio)
AST Investment Grade Bond Portfolio
AST Emerging Markets Equity Portfolio*
Allspring VT Discovery All Cap Growth Fund (Class 2)
Allspring VT Discovery All Cap Growth Fund (Class 1)
Allspring VT Small Cap Growth Fund (Class 1)
AST Quantitative Modeling Portfolio
Invesco V.I. Diversified Dividend Fund (Series I)
Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)
Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)
Allspring VT Opportunity Fund (Class 1)
Allspring VT Opportunity Fund (Class 2)
AST ClearBridge Dividend Growth Portfolio*

A65

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NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

Columbia Variable Portfolio - Government Money Market Fund (Class 1)
Columbia Variable Portfolio - Income Opportunities Fund (Class 1)
AST Large-Cap Equity Portfolio (formerly AST Large-Cap Core Portfolio)
AST Bond Portfolio 2025**
AST Bond Portfolio 2026
AST Bond Portfolio 2027
NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D) (formerly NVIT Emerging Markets Fund (Class D))
AST Bond Portfolio 2028
AST Bond Portfolio 2029
AST Bond Portfolio 2030
AST Bond Portfolio 2031
MFS® International Growth Portfolio (Service Class)
MFS® Total Return Bond Series (Service Class)
MFS® Total Return Series (Service Class)
MFS® Value Series (Service Class)
PSF PGIM Government Money Market Portfolio (Class III)
Invesco V.I. Discovery Mid Cap Growth Fund (Series I)
AST Global Bond Portfolio*
AST Bond Portfolio 2032
AST Bond Portfolio 2033***
AST Bond Portfolio 2034
AST Bond Portfolio 2035
AST Bond Portfolio 2036

*			Subaccount merged during the period ended December 31, 2025.
**			Subaccount liquidated during the period ended December 31, 2025.
***			Subaccount was available for investment but had no assets as of December 31, 2025, and had no activity during 2025.

The following table sets forth the dates at which mergers took place in the Account. The transfers from the removed subaccounts to the surviving subaccounts for the period ended December 31, 2025 are reflected in the Statements of Changes in Net Assets as net transfers between subaccounts and purchases and sales in Note 5.

Merger Date

Removed Portfolio

Surviving Portfolio

January 10, 2025

AST Emerging Markets Equity Portfolio

AST International Equity Portfolio

January 24, 2025

AST Cohen & Steers Realty Portfolio

AST Large-Cap Equity Portfolio

January 24, 2025

AST T. Rowe Price Natural Resources Portfolio

AST Large-Cap Equity Portfolio

January 24, 2025

AST MFS Global Equity Portfolio

AST Large-Cap Equity Portfolio

January 24, 2025

AST ClearBridge Dividend Growth Portfolio

AST Large-Cap Equity Portfolio

February 7, 2025

AST High Yield Portfolio

AST Core Fixed Income Portfolio

February 7, 2025

AST Global Bond Portfolio

AST Core Fixed Income Portfolio

New sales of certain products which invest in the Account have been discontinued. However, premium payments made by contract owners will continue to be received by the Account, subject to the rules of the products and any optional benefits, if elected.

The Portfolios are open-end management investment companies. Each subaccount of the Account indirectly bears exposure to risks which may be interrelated and include, but are not limited to, the market, credit and liquidity risks of the portfolio in which it invests. These financial statements should be read in conjunction with the financial statements and footnotes of the Portfolios. Additional information on these Portfolios is available upon request to the appropriate companies.

A66

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NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

The Account is an independent accounting entity established by the resolution of the insurance company’s board of directors or trustees to engage in a single line of business for the insurance company’s variable contracts. The Account is comprised of multiple subaccounts to invest in its specific corresponding Portfolio. Each subaccount of the Account constitutes a single reportable segment because its separate financial information is available, regularly evaluated and used by the chief operating decision maker (“CODM”) to measure the segment’s performance, and also to assess the allocation of resources across the segments. The accounting policies of the segments is the same as those described in Note 2: Significant Accounting Policies.

The Account’s CODM is a group of executives that include FLIAC’s Managing Director, Prudential’s life company investment committee and the business leaders associated with each Account. Overall business decisions for the Account are made by this group of executives, including the investment strategy, capital allocation and expense structure of each subaccount, in accordance with the contract and applicable regulations. The measure of segment profit or loss is reported on the Statements of Operations as “Net Increase (Decrease) in Net Assets Resulting from Operations” and the measure of segment assets is reported as “Net Assets” on the Statements of Net Assets. Due to the nature of the business, the segment’s significant expenses are charges for mortality and expense risk, charges for administration and/or reimbursement for excess expenses which are reported separately on the Statements of Operations and/or Statements of Changes in Net Assets.

Note 2:    Significant Accounting Policies

The Account is an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards Codification Topic 946, Financial Services-Investment Companies, which is part of the generally accepted accounting principles in the United States of America (“GAAP”). The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures at the date of the financial statements and the reported amounts of increases and decreases in net assets resulting from operations during the reporting period. Actual results could differ from those estimates. The most significant estimates relate to the valuation of investments in the Portfolios. Subsequent events have been evaluated through the date these financial statements were issued, and no adjustment or disclosure is required in the financial statements.

Investments - The investments in shares of the Portfolios are stated at the reported net asset value per share of the respective Portfolios, which is based on the fair value of the underlying securities in the respective Portfolios. All changes in fair value are recorded as net change in unrealized appreciation (depreciation) on investments in the Statements of Operations of the applicable subaccounts.

Security Transactions - Purchase and sale transactions are recorded as of the trade date of the security being purchased or sold. Realized gains and losses on security transactions are determined based upon the first in, first out method.

Dividend Income and Distributions Received - Dividend and capital gain distributions received are reinvested in additional shares of the Portfolios and are recorded on the ex-distribution date.

Contracts in payout (annuitization) period - Net assets allocated to contracts in the payout period are computed according to the industry standard mortality tables. The assumed investment return varies by product version; 4 percent for Stabilized, 3 percent for Guaranteed, and from 3 percent to 7 percent as elected by the annuitant for Traditional. Rates above 5 percent may be restricted in certain states. The mortality risk is fully borne by FLIAC and may result in additional amounts being transferred into the Account by FLIAC to cover greater longevity of annuitants than expected. A receivable is established for amounts due but not yet received. The amounts are included in “Contract owner net payments” on the Statements of Changes in Net Assets.

A67

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NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

Note 3:    Fair Value Measurements

Fair value represents 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. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows:

Level 1 - Fair value is based on unadjusted quoted prices in active markets for identical assets or liabilities that the Account can access.

Level 2 - Fair value is based on significant inputs, other than Level 1 inputs, that are observable for the investment, either directly or indirectly, for substantially the full term of the investment through corroboration with observable market data. Level 2 inputs include the reported net asset value per share of the underlying portfolio, quoted market prices in active markets for similar investments, quoted market prices in markets that are not active for identical or similar investments, and other market observable inputs.

Level 3 - Fair value is based on at least one significant unobservable input for the investment, which may require significant judgment or estimation in determining the fair value.

As of December 31, 2025, management determined that the fair value inputs for all of the Account’s investments, which consist solely of investments in open-end mutual funds registered with the SEC, were considered Level 2.

Note 4:    Taxes

FLIAC is taxed as a “life insurance company” as defined by the Internal Revenue Code. The results of operations of the Account form a part of FLIAC’s consolidated federal tax return. No federal, state or local income taxes are payable by the Account. As such, no provision for tax liability has been recorded in these financial statements. FLIAC management will review periodically the status of the policy in the event of changes in the tax law.

Note 5:    Purchases and Sales of Investments

The aggregate costs of purchases and proceeds from sales, excluding distributions received and reinvested, of investments in the Portfolios for the period ended December 31, 2025 were as follows:

			Purchases						Sales
AST Large-Cap Growth Portfolio			$	72,186,689					$	385,175,299
AST Government Money Market Portfolio			294,246,122						316,426,313
AST Cohen & Steers Realty Portfolio			806,754						84,518,303
AST J.P. Morgan Conservative Multi-Asset Portfolio			73,110,726						150,812,463
AST High Yield Portfolio			3,716,359						92,828,827
AST Large-Cap Value Portfolio			43,480,527						183,669,116
AST Small-Cap Equity Portfolio			34,204,958						88,747,653
AST T. Rowe Price Natural Resources Portfolio			789,887						73,864,800
AST MFS Global Equity Portfolio			703,364						124,860,796
AST International Equity Portfolio			80,319,683						112,592,994
AST Aggressive Asset Allocation Portfolio			52,644,388						574,199,645
AST Multi-Asset Diversified Plus Portfolio			69,562,608						171,403,333
AST Balanced Asset Allocation Portfolio			109,084,760						715,872,468
AST Preservation Asset Allocation Portfolio			74,476,308						187,530,574
AST J.P. Morgan Moderate Multi-Asset Portfolio			25,812,074						70,619,866
AST Core Fixed Income Portfolio			306,485,659						277,132,464
Davis Equity Portfolio			1,182						98,283

A68

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NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			Purchases						Sales
Columbia Variable Portfolio - Small Company Growth Fund (Class 1)			$	111					$	33,021
ProFund VP Asia 30			2,486,280						3,373,847
ProFund VP Banks			11,278,248						11,152,512
ProFund VP Bear			1,525,188						971,532
ProFund VP Biotechnology			3,020,938						3,669,909
ProFund VP Materials			1,429,608						1,645,837
ProFund VP UltraBull			2,863,868						5,052,440
ProFund VP Bull			28,846,864						30,720,475
ProFund VP Consumer Discretionary			2,081,614						3,588,825
ProFund VP Consumer Staples			3,849,167						3,446,377
ProFund VP Energy			8,318,508						9,808,758
ProFund VP Europe 30			2,102,618						2,545,661
ProFund VP Financials			3,249,766						4,909,442
ProFund VP U.S. Government Plus			2,470,139						2,772,135
ProFund VP Health Care			4,948,781						7,183,043
ProFund Access VP High Yield Fund			375,312						463,850
ProFund VP Industrials			2,836,900						3,366,803
ProFund VP Internet			1,395,829						2,330,847
ProFund VP Japan			2,468,824						2,907,377
ProFund VP Precious Metals			25,633,735						26,473,842
ProFund VP Mid-Cap Growth			7,789,541						7,896,893
ProFund VP Mid-Cap Value			7,200,739						7,967,853
ProFund VP Pharmaceuticals			1,872,110						1,964,624
ProFund VP Real Estate			1,939,189						2,008,176
ProFund VP Rising Rates Opportunity			1,423,954						1,630,422
ProFund VP Nasdaq-100			24,898,054						27,550,734
ProFund VP Semiconductor			28,072,645						30,738,644
ProFund VP Small-Cap Growth			2,171,158						3,344,738
ProFund VP Short Mid-Cap			719,908						716,181
ProFund VP Short Nasdaq-100			1,470,329						1,761,023
ProFund VP Short Small-Cap			1,213,332						1,257,240
ProFund VP Small-Cap Value			2,394,317						3,036,930
ProFund VP Technology			2,842,773						4,469,092
ProFund VP Communication Services			2,744,606						3,937,450
ProFund VP UltraMid-Cap			6,610,580						6,704,218
ProFund VP UltraNasdaq-100			10,388,248						19,394,701
ProFund VP UltraSmall-Cap			12,917,880						13,160,106
ProFund VP Utilities			4,138,510						5,471,998
ProFund VP Large-Cap Growth			10,127,455						10,290,964
ProFund VP Large-Cap Value			2,343,912						4,336,493
Rydex VT Nova Fund			9,267						109,285
Rydex VT NASDAQ-100® Fund			28,506						1,497,890
Rydex VT Inverse S&P 500® Strategy Fund			1,229						120
Invesco V.I. Health Care Fund (Series I)			648,581						2,061,520
Invesco V.I. Technology Fund (Series I)			635,462						3,350,566
Allspring VT Index Asset Allocation Fund (Class 2)			132,595						1,788,396
Allspring VT Small Cap Growth Fund (Class 2)			2,106						35,377
AST PGIM Aggressive Multi-Asset Portfolio			169,802,648						540,163,841
AST Multi-Asset Diversified Portfolio			28,005,619						175,417,483
AST Investment Grade Bond Portfolio			1,025,694,772						1,537,004,856
AST Emerging Markets Equity Portfolio			104,772						54,617,183
Allspring VT Discovery All Cap Growth Fund (Class 2)			22,289						93,232

A69

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			Purchases						Sales
Allspring VT Discovery All Cap Growth Fund (Class 1)			$	1,057,908					$	2,780,550
Allspring VT Small Cap Growth Fund (Class 1)			679,508						1,324,185
AST Quantitative Modeling Portfolio			1,860,595						8,005,485
Invesco V.I. Diversified Dividend Fund (Series I)			1,236,731						2,705,031
Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)			130						10,457
Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)			31,081						836,022
Allspring VT Opportunity Fund (Class 1)			49,321						454,228
Allspring VT Opportunity Fund (Class 2)			17,715						644,977
AST ClearBridge Dividend Growth Portfolio			607,529						67,690,987
Columbia Variable Portfolio - Government Money Market Fund (Class 1)			492,197						929,646
Columbia Variable Portfolio - Income Opportunities Fund (Class 1)			14,072						94,231
AST Large-Cap Equity Portfolio			383,894,686						100,937,228
AST Bond Portfolio 2025			9,454,585						29,871,395
AST Bond Portfolio 2026			19,920,560						16,382,320
AST Bond Portfolio 2027			1,878,705						8,654,631
NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)			1,495,302						3,428,474
AST Bond Portfolio 2028			538,957						10,081,986
AST Bond Portfolio 2029			93,274						2,201,676
AST Bond Portfolio 2030			1,781,351						6,772,769
AST Bond Portfolio 2031			8,073,753						12,911,213
MFS® International Growth Portfolio (Service Class)			603,940						114,834
MFS® Total Return Bond Series (Service Class)			1,246,420						330,183
MFS® Total Return Series (Service Class)			537,347						529,888
MFS® Value Series (Service Class)			5,365,829						4,592,040
PSF PGIM Government Money Market Portfolio (Class III)			53,510,936						50,984,135
Invesco V.I. Discovery Mid Cap Growth Fund (Series I)			266,443						1,524,325
AST Global Bond Portfolio			831,558						78,439,963
AST Bond Portfolio 2032			6,581,097						9,871,510
AST Bond Portfolio 2033			—						—
AST Bond Portfolio 2034			3,050,971						2,432,538
AST Bond Portfolio 2035			7,520,148						6,530,210
AST Bond Portfolio 2036			169,360						28,581

Note 6:    Related Party Transactions

The Account had extensive transactions and relationships with Prudential Financial and its affiliates, which prior to April 1, 2022 were affiliated to the Account and PALAC. After the sale to FGH on April 1, 2022, Prudential Financial is no longer affiliated with the Account and FLIAC. Due to former affiliated relationships, it is possible that the terms of these transactions are not the same as those that would result from transactions among wholly unrelated parties. Prudential Financial and its affiliates perform various services on behalf of the portfolios in which the Account invests and may receive fees for the services performed.

There were no transactions with related parties during the period ended December 31, 2025.

Note 7:    Financial Highlights

FLIAC sells a number of variable annuity products that are funded through the Account. These products have unique combinations of features and fees that are charged against the contract owner’s account balance. Differences in the fee structures result in a variety of unit values, expense ratios and total returns.

A70

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

In the table below, the units outstanding, the ranges of lowest to highest unit values, the net assets, the investment income ratio, expense ratios, and total returns are presented for the products offered by FLIAC and funded through the Account. Only product designs within each subaccount that had units outstanding during the respective periods were considered when determining the ranges. The summary may not reflect the minimum and maximum contract charges as contract owners may not have selected all available contract options offered by FLIAC.

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			AST Large-Cap Growth Portfolio
December 31, 2025			16,927						$	45.95		to			$	147.24					$	1,781,072					0.00		%				0.65		%	to			2.75		%				13.85		%	to			16.30		%
December 31, 2024			19,976						$	40.15		to			$	126.60					$	1,819,614					0.00		%				0.65		%	to			3.05		%				26.17		%	to			29.31		%
December 31, 2023			20,427						$	31.56		to			$	97.90					$	1,419,703					0.00		%				0.65		%	to			3.05		%				39.27		%	to			42.70		%
December 31, 2022			23,871						$	22.48		to			$	68.61					$	1,162,023					0.00		%				0.65		%	to			3.05		%				-35.24		%	to			-33.64		%
December 31, 2021			8,933						$	34.43		to			$	103.39					$	666,219					0.00		%				0.65		%	to			3.05		%				13.54		%	to			16.35		%
			AST Government Money Market Portfolio
December 31, 2025			37,046						$	7.71		to			$	16.66					$	454,127					3.72		%				0.65		%	to			2.75		%				0.93		%	to			3.11		%
December 31, 2024			37,955						$	7.64		to			$	16.16					$	459,229					4.66		%				0.65		%	to			2.75		%				1.86		%	to			4.08		%
December 31, 2023			39,949						$	7.50		to			$	15.53					$	462,648					4.52		%				0.65		%	to			2.75		%				1.75		%	to			3.94		%
December 31, 2022			45,383						$	6.87		to			$	14.94					$	514,774					1.24		%				0.65		%	to			3.05		%				-1.85		%	to			0.57		%
December 31, 2021			39,976						$	7.00		to			$	14.86					$	453,953					0.00		%	(1)			0.65		%	to			3.05		%				-3.05		%	to			-0.65		%
			AST Cohen & Steers Realty Portfolio (merged January 24, 2025)
December 31, 2025			—						$	25.76		to			$	76.90					$	—					0.00		%				0.65		%	to			3.05		%				1.48		%	to			1.64		%
December 31, 2024			1,295						$	25.38		to			$	75.66					$	82,351					0.00		%				0.65		%	to			3.05		%				3.40		%	to			5.97		%
December 31, 2023			1,541						$	24.47		to			$	71.39					$	92,965					0.00		%				0.65		%	to			3.05		%				8.67		%	to			11.36		%
December 31, 2022			1,372						$	22.45		to			$	64.11					$	74,354					0.00		%				0.65		%	to			2.75		%				-27.41		%	to			-25.85		%
December 31, 2021			1,819						$	30.93		to			$	86.46					$	132,648					0.00		%				0.65		%	to			2.75		%				38.92		%	to			41.92		%
			AST J.P. Morgan Conservative Multi-Asset Portfolio
December 31, 2025			20,726						$	13.96		to			$	47.17					$	608,550					0.00		%				0.65		%	to			3.05		%				7.01		%	to			9.66		%
December 31, 2024			23,501						$	13.02		to			$	43.02					$	628,472					0.00		%				0.65		%	to			3.05		%				2.94		%	to			5.50		%
December 31, 2023			27,196						$	12.62		to			$	40.78					$	693,578					0.00		%				0.65		%	to			3.05		%				7.00		%	to			9.64		%
December 31, 2022			26,684						$	11.77		to			$	37.19					$	623,092					0.00		%				0.65		%	to			3.05		%				-18.29		%	to			-16.27		%
December 31, 2021			40,802						$	14.38		to			$	44.42					$	1,142,547					0.00		%				0.65		%	to			3.05		%				4.66		%	to			7.25		%
			AST High Yield Portfolio (merged February 7, 2025)
December 31, 2025			—						$	15.11		to			$	41.02					$	—					0.00		%				0.65		%	to			2.75		%				1.19		%	to			1.41		%
December 31, 2024			2,863						$	14.93		to			$	40.45					$	87,827					0.00		%				0.65		%	to			2.75		%				4.60		%	to			6.87		%
December 31, 2023			3,154						$	14.28		to			$	37.85					$	91,908					0.00		%				0.65		%	to			2.75		%				7.52		%	to			9.84		%
December 31, 2022			3,491						$	13.28		to			$	34.46					$	92,827					0.00		%				0.65		%	to			2.75		%				-13.94		%	to			-12.09		%
December 31, 2021			4,604						$	15.43		to			$	39.20					$	138,421					0.00		%				0.65		%	to			2.75		%				3.41		%	to			5.64		%
			AST Large-Cap Value Portfolio
December 31, 2025			18,560						$	26.19		to			$	94.59					$	982,476					0.00		%				0.65		%	to			3.05		%				12.51		%	to			15.29		%
December 31, 2024			21,237						$	23.21		to			$	82.04					$	981,383					0.00		%				0.65		%	to			3.05		%				6.56		%	to			9.21		%
December 31, 2023			18,580						$	21.71		to			$	75.12					$	764,191					0.00		%				0.65		%	to			3.05		%				6.41		%	to			9.04		%
December 31, 2022			20,469						$	20.34		to			$	68.89					$	776,641					0.00		%				0.65		%	to			3.05		%				-1.39		%	to			1.04		%
December 31, 2021			6,928						$	20.57		to			$	68.18					$	261,525					0.00		%				0.65		%	to			2.75		%				25.66		%	to			28.37		%
			AST Small-Cap Equity Portfolio
December 31, 2025			7,431						$	33.63		to			$	96.71					$	479,988					0.00		%				0.65		%	to			3.05		%				4.14		%	to			6.71		%
December 31, 2024			8,262						$	32.11		to			$	90.63					$	502,613					0.00		%				0.65		%	to			3.05		%				11.34		%	to			14.11		%
December 31, 2023			4,840						$	28.68		to			$	79.42					$	257,185					0.00		%				0.65		%	to			3.05		%				13.54		%	to			16.34		%
December 31, 2022			5,086						$	25.12		to			$	68.27					$	234,225					0.00		%				0.65		%	to			3.05		%				-29.78		%	to			-28.04		%
December 31, 2021			2,862						$	35.57		to			$	94.88					$	181,218					0.00		%				0.65		%	to			2.75		%				1.66		%	to			3.86		%

A71

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)
December 31, 2025			—						$	14.84		to			$	83.81					$	—					0.00		%				0.65		%	to			2.75		%				8.67		%	to			8.82		%
December 31, 2024			1,405						$	13.66		to			$	77.01					$	67,178					0.00		%				0.65		%	to			2.75		%				0.98		%	to			3.18		%
December 31, 2023			1,587						$	13.53		to			$	74.64					$	73,314					0.00		%				0.65		%	to			2.75		%				-1.43		%	to			0.69		%
December 31, 2022			1,663						$	13.72		to			$	74.13					$	77,349					0.00		%				0.65		%	to			2.75		%				3.18		%	to			5.40		%
December 31, 2021			2,928						$	13.30		to			$	70.33					$	121,127					0.00		%				0.65		%	to			2.75		%				20.40		%	to			22.99		%
			AST MFS Global Equity Portfolio (merged January 24, 2025)
December 31, 2025			—						$	26.53		to			$	56.99					$	—					0.00		%				0.65		%	to			2.75		%				2.89		%	to			3.04		%
December 31, 2024			2,760						$	25.79		to			$	55.32					$	120,474					0.00		%				0.65		%	to			2.75		%				2.60		%	to			4.83		%
December 31, 2023			3,086						$	25.13		to			$	52.91					$	129,280					0.00		%				0.65		%	to			2.75		%				10.89		%	to			13.28		%
December 31, 2022			3,281						$	22.66		to			$	46.83					$	121,930					0.00		%				0.65		%	to			2.75		%				-20.21		%	to			-18.49		%
December 31, 2021			4,396						$	28.41		to			$	57.59					$	200,725					0.00		%				0.65		%	to			2.75		%				13.64		%	to			16.09		%
			AST International Equity Portfolio
December 31, 2025			9,934						$	22.41		to			$	59.26					$	474,847					0.00		%				0.65		%	to			2.75		%				29.19		%	to			31.97		%
December 31, 2024			10,520						$	17.35		to			$	44.90					$	380,139					0.00		%				0.65		%	to			3.05		%				2.22		%	to			4.77		%
December 31, 2023			11,668						$	16.92		to			$	42.86					$	405,075					0.00		%				0.65		%	to			3.05		%				14.17		%	to			16.99		%
December 31, 2022			7,179						$	14.77		to			$	36.63					$	211,437					0.00		%				0.65		%	to			3.05		%				-30.86		%	to			-29.15		%
December 31, 2021			7,976						$	21.30		to			$	51.70					$	335,133					0.00		%				0.65		%	to			3.05		%				9.07		%	to			11.77		%
			AST Aggressive Asset Allocation Portfolio
December 31, 2025			98,723						$	22.56		to			$	43.42					$	3,176,861					0.00		%				0.65		%	to			3.05		%				12.63		%	to			15.41		%
December 31, 2024			114,932						$	19.99		to			$	37.78					$	3,229,992					0.00		%				0.65		%	to			3.05		%				10.89		%	to			13.65		%
December 31, 2023			132,345						$	17.99		to			$	33.37					$	3,301,240					0.00		%				0.65		%	to			3.05		%				14.50		%	to			17.33		%
December 31, 2022			140,206						$	15.68		to			$	28.56					$	2,999,888					0.00		%				0.65		%	to			3.05		%				-19.43		%	to			-17.44		%
December 31, 2021			167,294						$	19.42		to			$	34.73					$	4,367,171					0.00		%				0.65		%	to			3.05		%				13.41		%	to			16.22		%
			AST Multi-Asset Diversified Plus Portfolio
December 31, 2025			41,837						$	13.17		to			$	24.58					$	781,718					0.00		%				0.65		%	to			3.05		%				10.09		%	to			12.81		%
December 31, 2024			47,347						$	11.94		to			$	21.88					$	787,579					0.00		%				0.65		%	to			3.05		%				4.41		%	to			7.01		%
December 31, 2023			54,708						$	11.41		to			$	20.53					$	854,987					0.00		%				0.65		%	to			3.05		%				6.86		%	to			9.50		%
December 31, 2022			59,781						$	10.66		to			$	18.82					$	855,752					0.00		%				0.65		%	to			3.05		%				-16.08		%	to			-14.01		%
December 31, 2021			87,954						$	12.67		to			$	21.97					$	1,488,909					0.00		%				0.65		%	to			3.05		%				9.01		%	to			11.71		%
			AST Balanced Asset Allocation Portfolio
December 31, 2025			144,351						$	19.37		to			$	34.91					$	4,069,046					0.00		%				0.65		%	to			3.05		%				10.86		%	to			13.60		%
December 31, 2024			165,871						$	17.44		to			$	30.85					$	4,144,087					0.00		%				0.65		%	to			3.05		%				8.47		%	to			11.17		%
December 31, 2023			91,293						$	16.05		to			$	27.86					$	2,065,664					0.00		%				0.65		%	to			3.05		%				12.25		%	to			15.01		%
December 31, 2022			100,027						$	14.27		to			$	24.32					$	1,977,790					0.00		%				0.65		%	to			3.05		%				-18.81		%	to			-16.80		%
December 31, 2021			98,657						$	17.53		to			$	29.36					$	2,349,635					0.00		%				0.65		%	to			3.05		%				9.40		%	to			12.11		%
			AST Preservation Asset Allocation Portfolio
December 31, 2025			35,128						$	14.70		to			$	24.24					$	736,961					0.00		%				0.65		%	to			3.05		%				7.93		%	to			10.60		%
December 31, 2024			40,443						$	13.60		to			$	21.91					$	771,627					0.00		%				0.65		%	to			3.05		%				4.50		%	to			7.10		%
December 31, 2023			46,769						$	12.98		to			$	20.46					$	838,110					0.00		%				0.65		%	to			3.05		%				8.38		%	to			11.05		%
December 31, 2022			52,058						$	11.96		to			$	18.42					$	844,494					0.00		%				0.65		%	to			3.05		%				-18.19		%	to			-16.17		%
December 31, 2021			72,797						$	14.58		to			$	22.05					$	1,424,281					0.00		%				0.65		%	to			3.05		%				3.00		%	to			5.55		%
			AST J.P. Morgan Moderate Multi-Asset Portfolio
December 31, 2025			15,417						$	17.21		to			$	33.16					$	361,113					0.00		%				0.65		%	to			2.75		%				9.43		%	to			11.80		%
December 31, 2024			17,317						$	15.73		to			$	29.78					$	365,125					0.00		%				0.65		%	to			2.75		%				6.80		%	to			9.12		%
December 31, 2023			19,350						$	14.73		to			$	27.40					$	375,647					0.00		%				0.65		%	to			2.75		%				10.76		%	to			13.14		%
December 31, 2022			20,610						$	13.30		to			$	24.32					$	355,140					0.00		%				0.65		%	to			2.75		%				-19.26		%	to			-17.52		%
December 31, 2021			27,020						$	16.47		to			$	29.60					$	567,184					0.00		%				0.65		%	to			2.75		%				9.32		%	to			11.68		%
			AST Core Fixed Income Portfolio
December 31, 2025			97,994						$	10.56		to			$	15.55					$	1,358,141					0.00		%				0.65		%	to			3.05		%				3.89		%	to			6.46		%
December 31, 2024			94,380						$	10.13		to			$	14.60					$	1,236,081					0.00		%				0.65		%	to			3.05		%				-1.68		%	to			0.77		%
December 31, 2023			98,671						$	10.27		to			$	14.49					$	1,290,864					0.00		%				0.65		%	to			3.05		%				3.12		%	to			5.66		%
December 31, 2022			101,389						$	9.93		to			$	13.71					$	1,260,482					0.00		%				0.65		%	to			3.05		%				-18.84		%	to			-16.83		%
December 31, 2021			42,949						$	12.20		to			$	16.49					$	648,118					0.00		%				0.65		%	to			3.05		%				-5.22		%	to			-2.87		%

A72

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			Davis Equity Portfolio
December 31, 2025			24						$	44.89		to			$	44.89					$	1,080					1.04		%				1.40		%	to			1.40		%				25.46		%	to			25.46		%
December 31, 2024			26						$	35.78		to			$	46.96					$	938					1.06		%				1.40		%	to			1.65		%				16.10		%	to			16.39		%
December 31, 2023			28						$	30.74		to			$	40.45					$	874					1.36		%				1.40		%	to			1.65		%				30.45		%	to			30.78		%
December 31, 2022			30						$	23.50		to			$	31.01					$	708					1.19		%				1.40		%	to			1.65		%				-21.45		%	to			-21.25		%
December 31, 2021			35						$	29.85		to			$	39.48					$	1,048					0.59		%				1.40		%	to			1.65		%				15.91		%	to			16.20		%
			Columbia Variable Portfolio - Small Company Growth Fund (Class 1)
December 31, 2025			5						$	101.59		to			$	101.59					$	524					0.00		%				1.00		%	to			1.00		%				20.47		%	to			20.47		%
December 31, 2024			5						$	84.32		to			$	84.32					$	462					2.30		%				1.00		%	to			1.00		%				22.86		%	to			22.86		%
December 31, 2023			6						$	68.63		to			$	68.63					$	383					0.00		%				1.00		%	to			1.00		%				25.37		%	to			25.37		%
December 31, 2022			6						$	54.74		to			$	54.74					$	313					0.00		%				1.00		%	to			1.00		%				-36.41		%	to			-36.41		%
December 31, 2021			6						$	86.09		to			$	86.09					$	552					0.00		%				1.00		%	to			1.00		%				-3.87		%	to			-3.87		%
			ProFund VP Asia 30
December 31, 2025			120						$	16.42		to			$	40.06					$	3,481					4.55		%				0.65		%	to			2.50		%				21.03		%	to			23.32		%
December 31, 2024			153						$	12.67		to			$	32.57					$	3,592					0.77		%				0.65		%	to			2.50		%				8.76		%	to			10.83		%
December 31, 2023			167						$	11.64		to			$	29.46					$	3,631					0.11		%				0.65		%	to			2.50		%				1.71		%	to			3.64		%
December 31, 2022			194						$	11.44		to			$	28.50					$	4,067					0.49		%				0.65		%	to			2.50		%				-26.31		%	to			-24.92		%
December 31, 2021			196						$	15.52		to			$	38.05					$	5,589					0.00		%				0.65		%	to			2.50		%				-20.56		%	to			-19.05		%
			ProFund VP Banks
December 31, 2025			239						$	9.92		to			$	17.43					$	3,379					1.23		%				0.65		%	to			2.50		%				7.77		%	to			9.82		%
December 31, 2024			227						$	9.20		to			$	28.49					$	2,949					2.02		%				0.65		%	to			2.50		%				19.17		%	to			21.44		%
December 31, 2023			278						$	7.72		to			$	23.80					$	3,049					1.38		%				0.65		%	to			2.50		%				7.64		%	to			9.67		%
December 31, 2022			251						$	7.18		to			$	22.01					$	2,537					0.82		%				0.65		%	to			2.50		%				-21.88		%	to			-20.40		%
December 31, 2021			363						$	9.19		to			$	28.04					$	4,479					0.87		%				0.65		%	to			2.50		%				30.74		%	to			33.22		%
			ProFund VP Bear
December 31, 2025			1,824						$	0.34		to			$	0.66					$	994					2.92		%				0.65		%	to			2.45		%				-16.57		%	to			-15.02		%
December 31, 2024			906						$	0.40		to			$	0.78					$	599					7.95		%				0.65		%	to			2.45		%				-15.83		%	to			-14.27		%
December 31, 2023			1,385						$	0.48		to			$	0.91					$	1,060					0.23		%				0.65		%	to			2.50		%				-17.37		%	to			-15.82		%
December 31, 2022			1,981						$	0.58		to			$	1.08					$	1,684					0.00		%				0.65		%	to			2.50		%				14.20		%	to			16.35		%
December 31, 2021			1,506						$	0.50		to			$	0.93					$	1,183					0.00		%				0.65		%	to			2.45		%				-26.48		%	to			-25.12		%
			ProFund VP Biotechnology
December 31, 2025			97						$	49.61		to			$	106.76					$	5,457					0.00		%				0.65		%	to			1.65		%				31.82		%	to			33.16		%
December 31, 2024			113						$	37.54		to			$	80.37					$	4,730					0.00		%				0.65		%	to			1.90		%				-2.05		%	to			-0.80		%
December 31, 2023			139						$	38.13		to			$	81.23					$	5,924					0.00		%				0.65		%	to			1.90		%				8.06		%	to			9.43		%
December 31, 2022			149						$	35.11		to			$	74.41					$	5,790					0.00		%				0.65		%	to			1.90		%				-9.46		%	to			-8.31		%
December 31, 2021			172						$	38.58		to			$	81.36					$	7,371					0.00		%				0.65		%	to			1.90		%				13.54		%	to			14.98		%
			ProFund VP Materials
December 31, 2025			112						$	18.15		to			$	40.83					$	3,624					0.23		%				0.65		%	to			2.65		%				5.19		%	to			7.35		%
December 31, 2024			120						$	17.26		to			$	38.13					$	3,580					0.42		%				0.65		%	to			2.65		%				-4.17		%	to			-2.19		%
December 31, 2023			137						$	18.01		to			$	39.09					$	4,223					0.46		%				0.65		%	to			2.65		%				9.41		%	to			11.65		%
December 31, 2022			166						$	16.46		to			$	35.10					$	4,584					0.19		%				0.65		%	to			2.65		%				-11.54		%	to			-9.73		%
December 31, 2021			169						$	18.61		to			$	38.98					$	5,247					0.31		%				0.65		%	to			2.65		%				22.30		%	to			24.81		%
			ProFund VP UltraBull
December 31, 2025			105						$	73.95		to			$	169.91					$	8,799					0.73		%				0.65		%	to			1.65		%				22.33		%	to			23.58		%
December 31, 2024			134						$	60.30		to			$	137.84					$	9,258					0.70		%				0.65		%	to			1.65		%				39.66		%	to			41.09		%
December 31, 2023			138						$	43.06		to			$	97.94					$	6,629					0.00		%				0.65		%	to			1.65		%				42.85		%	to			44.29		%
December 31, 2022			173						$	30.07		to			$	68.05					$	5,844					0.00		%				0.65		%	to			1.65		%				-40.12		%	to			-39.52		%
December 31, 2021			204						$	50.09		to			$	112.79					$	11,515					0.00		%				0.65		%	to			1.90		%				55.14		%	to			57.11		%
			ProFund VP Bull
December 31, 2025			297						$	39.37		to			$	61.15					$	14,004					0.40		%				0.65		%	to			2.40		%				12.79		%	to			14.81		%
December 31, 2024			340						$	34.85		to			$	53.40					$	13,940					0.68		%				0.65		%	to			2.40		%				19.54		%	to			21.69		%
December 31, 2023			393						$	29.11		to			$	43.99					$	13,517					0.00		%				0.65		%	to			2.40		%				20.78		%	to			22.94		%
December 31, 2022			516						$	24.07		to			$	35.87					$	14,436					0.00		%				0.65		%	to			2.40		%				-21.66		%	to			-20.26		%
December 31, 2021			520						$	30.67		to			$	45.10					$	18,550					0.00		%				0.65		%	to			2.40		%				23.30		%	to			25.51		%

A73

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			ProFund VP Consumer Discretionary
December 31, 2025			158						$	34.93		to			$	65.43					$	6,787					0.00		%				0.65		%	to			2.65		%				2.72		%	to			4.82		%
December 31, 2024			196						$	34.01		to			$	58.48					$	8,020					0.00		%				0.65		%	to			2.65		%				21.12		%	to			23.62		%
December 31, 2023			228						$	28.08		to			$	51.31					$	7,582					0.00		%				0.65		%	to			2.65		%				28.57		%	to			31.20		%
December 31, 2022			166						$	21.84		to			$	36.27					$	4,296					0.00		%				0.65		%	to			2.65		%				-33.34		%	to			-31.98		%
December 31, 2021			272						$	32.77		to			$	58.43					$	10,419					0.00		%				0.65		%	to			2.65		%				7.31		%	to			9.51		%
			ProFund VP Consumer Staples
December 31, 2025			203						$	21.48		to			$	39.95					$	6,066					0.93		%				0.65		%	to			2.75		%				-2.92		%	to			-0.82		%
December 31, 2024			186						$	22.12		to			$	40.38					$	5,689					1.51		%				0.65		%	to			2.75		%				7.31		%	to			9.64		%
December 31, 2023			211						$	20.62		to			$	36.93					$	5,929					0.21		%				0.65		%	to			2.75		%				1.07		%	to			3.25		%
December 31, 2022			226						$	20.40		to			$	35.85					$	6,239					0.05		%				0.65		%	to			2.75		%				-26.76		%	to			-25.19		%
December 31, 2021			325						$	27.85		to			$	48.04					$	12,044					0.41		%				0.65		%	to			2.75		%				16.36		%	to			18.87		%
			ProFund VP Energy
December 31, 2025			271						$	14.87		to			$	36.95					$	7,406					2.10		%				0.65		%	to			2.50		%				3.21		%	to			5.17		%
December 31, 2024			326						$	14.40		to			$	35.22					$	8,492					2.20		%				0.65		%	to			2.50		%				1.16		%	to			3.09		%
December 31, 2023			377						$	14.23		to			$	34.25					$	9,474					2.29		%				0.65		%	to			2.50		%				-4.93		%	to			-3.13		%
December 31, 2022			522						$	14.96		to			$	35.45					$	13,679					1.33		%				0.65		%	to			2.50		%				55.46		%	to			58.40		%
December 31, 2021			521						$	9.62		to			$	22.44					$	8,803					1.92		%				0.65		%	to			2.50		%				48.14		%	to			50.94		%
			ProFund VP Europe 30
December 31, 2025			215						$	15.27		to			$	31.48					$	4,385					2.30		%				0.65		%	to			2.25		%				26.68		%	to			28.75		%
December 31, 2024			235						$	11.93		to			$	24.51					$	3,771					1.94		%				0.65		%	to			2.25		%				1.99		%	to			3.67		%
December 31, 2023			306						$	11.58		to			$	23.70					$	4,760					2.18		%				0.65		%	to			2.25		%				14.83		%	to			16.71		%
December 31, 2022			363						$	9.98		to			$	20.36					$	4,838					1.19		%				0.65		%	to			2.40		%				-9.97		%	to			-8.36		%
December 31, 2021			495						$	10.96		to			$	22.27					$	7,200					0.91		%				0.65		%	to			2.40		%				21.54		%	to			23.72		%
			ProFund VP Financials
December 31, 2025			354						$	16.27		to			$	51.09					$	8,886					0.01		%				0.65		%	to			2.75		%				9.80		%	to			12.17		%
December 31, 2024			425						$	14.81		to			$	45.91					$	9,507					0.27		%				0.65		%	to			2.75		%				24.90		%	to			27.61		%
December 31, 2023			464						$	11.86		to			$	36.27					$	8,228					0.46		%				0.65		%	to			2.75		%				10.76		%	to			13.15		%
December 31, 2022			569						$	10.71		to			$	32.32					$	8,877					0.09		%				0.65		%	to			2.75		%				-17.47		%	to			-15.69		%
December 31, 2021			741						$	12.97		to			$	38.64					$	14,051					0.38		%				0.65		%	to			2.75		%				26.53		%	to			29.26		%
			ProFund VP U.S. Government Plus
December 31, 2025			147						$	7.48		to			$	14.27					$	1,812					2.99		%				0.65		%	to			2.25		%				-1.10		%	to			0.52		%
December 31, 2024			180						$	7.55		to			$	14.20					$	2,197					3.37		%				0.65		%	to			2.25		%				-14.80		%	to			-13.40		%
December 31, 2023			242						$	8.84		to			$	16.40					$	3,362					3.90		%				0.65		%	to			2.25		%				-2.20		%	to			-0.61		%
December 31, 2022			190						$	9.02		to			$	16.50					$	2,697					0.00		%				0.65		%	to			2.25		%				-43.01		%	to			-42.08		%
December 31, 2021			221						$	15.79		to			$	28.48					$	5,393					0.00		%				0.65		%	to			2.50		%				-9.41		%	to			-7.69		%
			ProFund VP Health Care
December 31, 2025			429						$	34.82		to			$	53.07					$	16,636					0.00		%	(1)			0.65		%	to			2.50		%				9.75		%	to			11.83		%
December 31, 2024			482						$	31.37		to			$	47.84					$	16,838					0.06		%				0.65		%	to			2.50		%				-1.72		%	to			0.16		%
December 31, 2023			526						$	31.56		to			$	48.16					$	18,416					0.00		%				0.65		%	to			2.50		%				-1.69		%	to			0.17		%
December 31, 2022			620						$	31.75		to			$	48.47					$	21,999					0.00		%				0.65		%	to			2.50		%				-8.37		%	to			-6.63		%
December 31, 2021			785						$	33.65		to			$	52.33					$	29,954					0.04		%				0.65		%	to			2.65		%				18.32		%	to			20.75		%
			ProFund Access VP High Yield Fund
December 31, 2025			83						$	21.98		to			$	27.10					$	1,989					2.36		%				0.65		%	to			1.65		%				4.49		%	to			5.55		%
December 31, 2024			85						$	21.04		to			$	25.67					$	1,949					5.07		%				0.65		%	to			1.65		%				4.55		%	to			5.62		%
December 31, 2023			98						$	20.12		to			$	24.31					$	2,152					5.20		%				0.65		%	to			1.65		%				8.61		%	to			9.71		%
December 31, 2022			111						$	18.53		to			$	22.15					$	2,229					3.00		%				0.65		%	to			1.65		%				-9.48		%	to			-8.56		%
December 31, 2021			158						$	20.47		to			$	24.23					$	3,463					2.36		%				0.65		%	to			1.65		%				-1.38		%	to			-0.38		%
			ProFund VP Industrials
December 31, 2025			132						$	41.47		to			$	66.77					$	6,348					0.00		%				0.65		%	to			2.45		%				14.38		%	to			16.49		%
December 31, 2024			143						$	36.18		to			$	57.46					$	5,929					0.18		%				0.65		%	to			2.45		%				12.62		%	to			14.71		%
December 31, 2023			166						$	32.06		to			$	50.22					$	6,075					0.00		%				0.65		%	to			2.45		%				13.46		%	to			15.54		%
December 31, 2022			190						$	28.20		to			$	43.57					$	6,023					0.00		%				0.65		%	to			2.45		%				-17.67		%	to			-16.15		%
December 31, 2021			271						$	34.18		to			$	52.10					$	10,210					0.00		%				0.65		%	to			2.45		%				13.55		%	to			15.65		%

A74

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			ProFund VP Internet
December 31, 2025			43						$	132.62		to			$	176.21					$	6,445					0.00		%				0.65		%	to			1.65		%				7.33		%	to			8.42		%
December 31, 2024			49						$	123.56		to			$	162.94					$	6,773					0.00		%				0.65		%	to			1.65		%				27.20		%	to			28.50		%
December 31, 2023			52						$	97.14		to			$	127.13					$	5,569					0.00		%				0.65		%	to			1.65		%				47.39		%	to			48.88		%
December 31, 2022			50						$	65.91		to			$	85.60					$	3,651					0.00		%				0.65		%	to			1.65		%				-47.02		%	to			-46.48		%
December 31, 2021			62						$	124.40		to			$	160.35					$	8,382					0.00		%				0.65		%	to			1.65		%				3.56		%	to			4.62		%
			ProFund VP Japan
December 31, 2025			94						$	26.41		to			$	46.58					$	3,004					4.44		%				0.65		%	to			2.45		%				27.49		%	to			29.84		%
December 31, 2024			112						$	20.67		to			$	35.97					$	2,730					2.51		%				0.65		%	to			2.45		%				19.21		%	to			21.42		%
December 31, 2023			188						$	17.30		to			$	29.70					$	3,695					0.00		%				0.65		%	to			2.45		%				31.23		%	to			33.64		%
December 31, 2022			198						$	13.16		to			$	22.28					$	2,908					0.00		%				0.65		%	to			2.45		%				-12.13		%	to			-10.51		%
December 31, 2021			251						$	14.94		to			$	24.96					$	4,162					0.00		%				0.65		%	to			2.45		%				1.35		%	to			3.22		%
			ProFund VP Precious Metals
December 31, 2025			703						$	15.07		to			$	29.46					$	16,784					2.20		%				0.65		%	to			2.50		%				144.08		%	to			148.69		%
December 31, 2024			747						$	6.17		to			$	11.87					$	7,185					3.31		%				0.65		%	to			2.50		%				3.90		%	to			5.88		%
December 31, 2023			1,092						$	5.94		to			$	11.24					$	10,184					0.00		%				0.65		%	to			2.50		%				-1.05		%	to			0.82		%
December 31, 2022			1,115						$	6.00		to			$	11.18					$	10,307					0.00		%				0.65		%	to			2.50		%				-13.24		%	to			-11.60		%
December 31, 2021			1,227						$	6.91		to			$	12.68					$	12,797					0.00		%				0.65		%	to			2.50		%				-11.21		%	to			-9.53		%
			ProFund VP Mid-Cap Growth
December 31, 2025			289						$	32.51		to			$	56.61					$	11,900					0.00		%				0.65		%	to			2.50		%				3.03		%	to			4.99		%
December 31, 2024			289						$	31.55		to			$	54.06					$	11,355					0.00		%				0.65		%	to			2.50		%				11.03		%	to			13.15		%
December 31, 2023			328						$	28.42		to			$	47.90					$	11,363					0.00		%				0.65		%	to			2.50		%				12.68		%	to			14.81		%
December 31, 2022			344						$	25.22		to			$	41.82					$	10,429					0.00		%				0.65		%	to			2.50		%				-22.33		%	to			-20.86		%
December 31, 2021			470						$	32.47		to			$	52.98					$	18,327					0.00		%				0.65		%	to			2.50		%				14.04		%	to			16.21		%
			ProFund VP Mid-Cap Value
December 31, 2025			213						$	31.15		to			$	56.14					$	8,555					0.29		%				0.65		%	to			2.50		%				3.20		%	to			5.16		%
December 31, 2024			228						$	30.19		to			$	53.52					$	8,870					0.26		%				0.65		%	to			2.50		%				7.08		%	to			9.13		%
December 31, 2023			265						$	28.19		to			$	49.17					$	9,311					0.29		%				0.65		%	to			2.50		%				10.62		%	to			12.72		%
December 31, 2022			328						$	25.48		to			$	43.73					$	10,225					0.14		%				0.65		%	to			2.50		%				-10.74		%	to			-9.05		%
December 31, 2021			387						$	28.55		to			$	48.20					$	13,478					0.28		%				0.65		%	to			2.50		%				25.32		%	to			27.70		%
			ProFund VP Pharmaceuticals
December 31, 2025			65						$	21.00		to			$	33.96					$	1,576					0.24		%				0.65		%	to			2.45		%				26.18		%	to			28.50		%
December 31, 2024			66						$	16.51		to			$	26.81					$	1,250					0.00		%				0.65		%	to			2.45		%				0.86		%	to			2.73		%
December 31, 2023			78						$	16.23		to			$	26.47					$	1,436					0.53		%				0.65		%	to			2.50		%				-7.85		%	to			-6.11		%
December 31, 2022			102						$	17.46		to			$	28.59					$	2,019					0.08		%				0.65		%	to			2.50		%				-8.47		%	to			-6.74		%
December 31, 2021			120						$	18.91		to			$	31.10					$	2,571					0.27		%				0.65		%	to			2.45		%				8.48		%	to			10.48		%
			ProFund VP Real Estate
December 31, 2025			126						$	14.51		to			$	37.96					$	3,877					1.51		%				0.65		%	to			2.75		%				-2.13		%	to			-0.02		%
December 31, 2024			127						$	14.83		to			$	37.97					$	3,930					1.43		%				0.65		%	to			2.75		%				0.68		%	to			2.87		%
December 31, 2023			147						$	14.73		to			$	36.91					$	4,548					1.17		%				0.65		%	to			2.75		%				6.72		%	to			9.02		%
December 31, 2022			146						$	13.80		to			$	33.85					$	4,165					0.71		%				0.65		%	to			2.75		%				-28.58		%	to			-27.03		%
December 31, 2021			195						$	19.32		to			$	46.40					$	7,641					0.03		%				0.65		%	to			2.75		%				33.31		%	to			36.19		%
			ProFund VP Rising Rates Opportunity
December 31, 2025			965						$	1.48		to			$	2.95					$	1,574					3.91		%				0.65		%	to			2.65		%				-1.02		%	to			1.01		%
December 31, 2024			1,079						$	1.48		to			$	2.96					$	1,769					4.61		%				0.65		%	to			2.65		%				15.84		%	to			18.22		%
December 31, 2023			1,276						$	1.26		to			$	2.54					$	1,826					0.17		%				0.65		%	to			2.65		%				-0.93		%	to			1.08		%
December 31, 2022			3,154						$	1.26		to			$	2.55					$	4,339					0.00		%				0.65		%	to			2.65		%				54.29		%	to			57.44		%
December 31, 2021			2,141						$	0.81		to			$	1.64					$	1,875					0.00		%				0.65		%	to			2.65		%				-2.72		%	to			-0.72		%
			ProFund VP Nasdaq-100
December 31, 2025			451						$	50.61		to			$	152.68					$	30,106					0.40		%				0.65		%	to			2.50		%				15.66		%	to			17.85		%
December 31, 2024			486						$	43.27		to			$	129.89					$	27,517					0.41		%				0.65		%	to			2.50		%				20.33		%	to			22.62		%
December 31, 2023			540						$	35.56		to			$	106.19					$	25,325					0.00		%				0.65		%	to			2.50		%				48.39		%	to			51.19		%
December 31, 2022			524						$	23.70		to			$	70.41					$	16,113					0.00		%				0.65		%	to			2.50		%				-35.56		%	to			-34.34		%
December 31, 2021			731						$	36.36		to			$	107.51					$	34,899					0.00		%				0.65		%	to			2.50		%				21.69		%	to			23.99		%

A75

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			ProFund VP Semiconductor
December 31, 2025			162						$	118.76		to			$	237.72					$	20,877					0.00		%				0.65		%	to			1.90		%				39.01		%	to			40.78		%
December 31, 2024			189						$	85.22		to			$	169.29					$	17,379					0.00		%				0.65		%	to			1.90		%				67.47		%	to			69.61		%
December 31, 2023			156						$	50.76		to			$	100.06					$	8,549					0.00		%				0.65		%	to			1.65		%				90.49		%	to			92.41		%
December 31, 2022			101						$	26.65		to			$	52.13					$	2,914					0.00		%				0.65		%	to			1.65		%				-38.53		%	to			-37.91		%
December 31, 2021			147						$	43.35		to			$	84.18					$	7,132					0.00		%				0.65		%	to			1.65		%				46.04		%	to			47.52		%
			ProFund VP Small-Cap Growth
December 31, 2025			205						$	25.36		to			$	58.80					$	8,657					0.00		%				0.65		%	to			2.75		%				0.77		%	to			2.94		%
December 31, 2024			231						$	25.16		to			$	57.26					$	9,501					0.00		%				0.65		%	to			2.75		%				4.82		%	to			7.09		%
December 31, 2023			261						$	24.01		to			$	53.60					$	10,132					0.00		%				0.65		%	to			2.75		%				12.04		%	to			14.45		%
December 31, 2022			256						$	21.43		to			$	46.96					$	8,779					0.00		%				0.65		%	to			2.75		%				-24.54		%	to			-22.92		%
December 31, 2021			370						$	28.40		to			$	61.07					$	16,536					0.00		%				0.65		%	to			2.75		%				17.32		%	to			19.86		%
			ProFund VP Short Mid-Cap
December 31, 2025			62						$	0.50		to			$	0.61					$	32					2.61		%				0.65		%	to			1.65		%				-6.08		%	to			-5.13		%
December 31, 2024			71						$	0.53		to			$	0.65					$	41					9.10		%				0.65		%	to			1.65		%				-8.11		%	to			-7.17		%
December 31, 2023			72						$	0.58		to			$	0.70					$	47					0.50		%				0.65		%	to			1.65		%				-10.85		%	to			-9.94		%
December 31, 2022			131						$	0.64		to			$	0.77					$	93					0.00		%				0.65		%	to			1.65		%				7.58		%	to			8.66		%
December 31, 2021			61						$	0.60		to			$	0.71					$	42					0.00		%				0.65		%	to			1.65		%				-25.33		%	to			-24.56		%
			ProFund VP Short Nasdaq-100
December 31, 2025			1,178						$	0.10		to			$	0.15					$	150					5.95		%				0.65		%	to			2.25		%				-17.74		%	to			-16.32		%
December 31, 2024			3,366						$	0.12		to			$	0.18					$	508					6.79		%				0.65		%	to			2.25		%				-18.12		%	to			-16.73		%
December 31, 2023			4,939						$	0.15		to			$	0.28					$	890					0.00		%				0.65		%	to			2.50		%				-34.08		%	to			-32.81		%
December 31, 2022			7,788						$	0.22		to			$	0.42					$	2,124					0.00		%				0.65		%	to			2.50		%				31.70		%	to			34.15		%
December 31, 2021			2,598						$	0.17		to			$	0.32					$	545					0.00		%				0.65		%	to			2.25		%				-26.82		%	to			-25.60		%
			ProFund VP Short Small-Cap
December 31, 2025			174						$	0.47		to			$	0.58					$	88					3.42		%				0.65		%	to			1.65		%				-11.55		%	to			-10.66		%
December 31, 2024			267						$	0.53		to			$	0.65					$	153					6.96		%				0.65		%	to			1.65		%				-8.05		%	to			-7.12		%
December 31, 2023			416						$	0.58		to			$	0.70					$	263					0.19		%				0.65		%	to			1.65		%				-12.35		%	to			-11.45		%
December 31, 2022			493						$	0.66		to			$	0.79					$	346					0.00		%				0.65		%	to			1.65		%				15.88		%	to			17.05		%
December 31, 2021			345						$	0.57		to			$	0.67					$	208					0.00		%				0.65		%	to			1.65		%				-20.39		%	to			-19.58		%
			ProFund VP Small-Cap Value
December 31, 2025			196						$	26.76		to			$	48.69					$	6,313					0.37		%				0.65		%	to			2.50		%				2.37		%	to			4.31		%
December 31, 2024			216						$	20.28		to			$	46.79					$	6,647					0.36		%				0.65		%	to			2.75		%				2.95		%	to			5.18		%
December 31, 2023			252						$	19.70		to			$	44.60					$	7,493					0.02		%				0.65		%	to			2.75		%				9.84		%	to			12.20		%
December 31, 2022			281						$	17.94		to			$	39.85					$	7,482					0.00		%	(1)			0.65		%	to			2.75		%				-14.82		%	to			-12.98		%
December 31, 2021			381						$	21.06		to			$	45.91					$	11,759					0.09		%				0.65		%	to			2.75		%				25.03		%	to			27.72		%
			ProFund VP Technology
December 31, 2025			165						$	46.77		to			$	141.35					$	9,156					0.00		%				0.65		%	to			1.65		%				20.58		%	to			21.80		%
December 31, 2024			198						$	38.69		to			$	116.34					$	9,047					0.00		%				0.65		%	to			1.65		%				17.81		%	to			19.01		%
December 31, 2023			230						$	32.76		to			$	98.00					$	8,818					0.00		%				0.65		%	to			1.65		%				55.35		%	to			56.93		%
December 31, 2022			240						$	21.03		to			$	62.61					$	5,861					0.00		%				0.65		%	to			1.65		%				-36.78		%	to			-36.14		%
December 31, 2021			347						$	33.19		to			$	98.29					$	13,299					0.00		%				0.65		%	to			1.65		%				32.73		%	to			34.08		%
			ProFund VP Communication Services
December 31, 2025			222						$	13.20		to			$	34.76					$	4,238					0.00		%				0.65		%	to			2.75		%				17.59		%	to			20.13		%
December 31, 2024			281						$	11.08		to			$	29.06					$	4,649					0.00		%				0.65		%	to			2.75		%				28.98		%	to			31.78		%
December 31, 2023			275						$	8.47		to			$	22.14					$	3,300					0.98		%				0.65		%	to			2.75		%				28.21		%	to			30.96		%
December 31, 2022			207						$	6.52		to			$	16.65					$	1,924					1.91		%				0.65		%	to			2.75		%				-23.38		%	to			-21.73		%
December 31, 2021			307						$	8.39		to			$	21.32					$	3,770					1.11		%				0.65		%	to			2.75		%				15.16		%	to			17.64		%
			ProFund VP UltraMid-Cap
December 31, 2025			84						$	55.02		to			$	118.12					$	5,733					1.06		%				0.65		%	to			2.50		%				0.62		%	to			2.53		%
December 31, 2024			87						$	54.68		to			$	115.50					$	5,773					0.68		%				0.65		%	to			2.50		%				14.08		%	to			16.26		%
December 31, 2023			126						$	47.93		to			$	99.60					$	7,010					0.00		%				0.65		%	to			2.50		%				19.16		%	to			21.42		%
December 31, 2022			115						$	40.22		to			$	82.24					$	5,442					0.00		%				0.65		%	to			2.50		%				-33.86		%	to			-32.61		%
December 31, 2021			142						$	60.82		to			$	122.34					$	10,093					0.00		%				0.65		%	to			2.50		%				43.00		%	to			45.72		%

A76

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			ProFund VP UltraNasdaq-100
December 31, 2025			1,461						$	48.55		to			$	812.91					$	92,239					0.23		%				0.65		%	to			1.65		%				27.12		%	to			28.41		%
December 31, 2024			1,617						$	38.09		to			$	634.64					$	79,858					0.30		%				0.65		%	to			1.65		%				39.07		%	to			40.49		%
December 31, 2023			1,864						$	27.32		to			$	452.88					$	64,198					0.00		%				0.65		%	to			1.65		%				111.93		%	to			114.07		%
December 31, 2022			1,332						$	12.86		to			$	212.09					$	20,529					0.00		%				0.65		%	to			1.65		%				-61.58		%	to			-61.18		%
December 31, 2021			2,195						$	33.38		to			$	547.78					$	89,893					0.00		%				0.65		%	to			1.65		%				50.00		%	to			51.52		%
			ProFund VP UltraSmall-Cap
December 31, 2025			89						$	28.77		to			$	67.88					$	2,881					1.02		%				0.65		%	to			1.65		%				11.07		%	to			12.20		%
December 31, 2024			99						$	25.83		to			$	60.65					$	2,850					0.71		%				0.65		%	to			1.65		%				8.86		%	to			9.97		%
December 31, 2023			163						$	23.67		to			$	55.29					$	4,305					0.00		%				0.65		%	to			1.65		%				20.41		%	to			21.64		%
December 31, 2022			143						$	19.61		to			$	45.57					$	3,167					0.00		%				0.65		%	to			1.65		%				-44.61		%	to			-44.05		%
December 31, 2021			186						$	35.31		to			$	81.66					$	7,316					0.00		%				0.65		%	to			1.65		%				21.27		%	to			22.50		%
			ProFund VP Utilities
December 31, 2025			316						$	24.51		to			$	57.77					$	11,155					1.38		%				0.65		%	to			2.75		%				10.85		%	to			13.24		%
December 31, 2024			351						$	22.11		to			$	51.14					$	11,036					1.60		%				0.65		%	to			2.75		%				17.92		%	to			20.48		%
December 31, 2023			391						$	18.75		to			$	42.56					$	10,225					1.32		%				0.65		%	to			2.75		%				-11.10		%	to			-9.18		%
December 31, 2022			558						$	21.09		to			$	46.98					$	16,102					1.03		%				0.65		%	to			2.75		%				-2.99		%	to			-0.90		%
December 31, 2021			545						$	21.74		to			$	47.52					$	15,808					1.50		%				0.65		%	to			2.75		%				12.24		%	to			14.66		%
			ProFund VP Large-Cap Growth
December 31, 2025			379						$	48.67		to			$	87.24					$	23,395					0.00		%				0.65		%	to			2.50		%				16.96		%	to			19.18		%
December 31, 2024			374						$	41.61		to			$	73.50					$	19,620					0.00		%				0.65		%	to			2.50		%				30.42		%	to			32.91		%
December 31, 2023			400						$	31.91		to			$	55.52					$	16,042					0.00		%				0.65		%	to			2.50		%				24.68		%	to			27.04		%
December 31, 2022			351						$	25.59		to			$	43.88					$	11,187					0.00		%				0.65		%	to			2.50		%				-32.37		%	to			-31.09		%
December 31, 2021			455						$	37.84		to			$	63.94					$	21,195					0.00		%				0.65		%	to			2.50		%				26.62		%	to			29.02		%
			ProFund VP Large-Cap Value
December 31, 2025			326						$	23.93		to			$	45.58					$	9,888					0.63		%				0.65		%	to			2.50		%				8.59		%	to			10.65		%
December 31, 2024			385						$	22.04		to			$	41.53					$	10,790					0.37		%				0.65		%	to			2.50		%				7.65		%	to			9.70		%
December 31, 2023			398						$	20.47		to			$	38.16					$	10,294					0.48		%				0.65		%	to			2.50		%				17.10		%	to			19.31		%
December 31, 2022			465						$	17.48		to			$	32.25					$	10,117					0.48		%				0.65		%	to			2.50		%				-9.15		%	to			-7.43		%
December 31, 2021			438						$	19.24		to			$	32.50					$	10,424					0.99		%				0.65		%	to			2.50		%				19.85		%	to			22.13		%
			Rydex VT Nova Fund
December 31, 2025			38						$	47.14		to			$	52.51					$	1,797					0.00		%				1.00		%	to			1.40		%				19.17		%	to			19.66		%
December 31, 2024			40						$	39.56		to			$	43.89					$	1,586					0.00		%				1.00		%	to			1.40		%				30.89		%	to			31.42		%
December 31, 2023			46						$	30.22		to			$	33.39					$	1,383					0.00		%				1.00		%	to			1.40		%				33.19		%	to			33.73		%
December 31, 2022			48						$	22.69		to			$	24.97					$	1,090					0.41		%				1.00		%	to			1.40		%				-31.24		%	to			-30.96		%
December 31, 2021			53						$	33.00		to			$	36.17					$	1,756					0.35		%				1.00		%	to			1.40		%				40.20		%	to			40.76		%
			Rydex VT NASDAQ-100® Fund
December 31, 2025			171						$	62.73		to			$	138.19					$	10,792					0.03		%				0.65		%	to			1.65		%				17.08		%	to			18.26		%
December 31, 2024			194						$	53.45		to			$	118.04					$	10,430					0.21		%				0.65		%	to			1.65		%				21.85		%	to			23.10		%
December 31, 2023			223						$	43.75		to			$	96.87					$	9,806					0.00		%				0.65		%	to			1.65		%				50.70		%	to			52.23		%
December 31, 2022			243						$	28.96		to			$	64.28					$	7,053					0.00		%				0.65		%	to			1.65		%				-35.23		%	to			-34.57		%
December 31, 2021			271						$	44.59		to			$	99.24					$	12,096					0.00		%				0.65		%	to			1.65		%				23.47		%	to			24.73		%
			Rydex VT Inverse S&P 500® Strategy Fund
December 31, 2025			11						$	0.63		to			$	0.63					$	7					9.04		%				1.40		%	to			1.40		%				-13.00		%	to			-13.00		%
December 31, 2024			9						$	0.73		to			$	0.81					$	7					12.42		%				1.00		%	to			1.40		%				-14.32		%	to			-13.98		%
December 31, 2023			8						$	0.85		to			$	0.94					$	7					2.92		%				1.00		%	to			1.40		%				-16.14		%	to			-15.80		%
December 31, 2022			14						$	1.01		to			$	1.11					$	14					0.00		%				1.00		%	to			1.40		%				14.97		%	to			15.42		%
December 31, 2021			14						$	0.88		to			$	0.96					$	13					0.00		%				1.00		%	to			1.40		%				-25.50		%	to			-25.20		%
			Invesco V.I. Health Care Fund (Series I)
December 31, 2025			329						$	30.14		to			$	57.20					$	15,688					0.00		%				0.65		%	to			2.65		%				12.27		%	to			14.58		%
December 31, 2024			356						$	26.84		to			$	49.92					$	14,976					0.00		%				0.65		%	to			2.65		%				1.39		%	to			3.49		%
December 31, 2023			420						$	26.48		to			$	48.24					$	17,162					0.00		%				0.65		%	to			2.65		%				0.30		%	to			2.35		%
December 31, 2022			480						$	26.40		to			$	47.13					$	19,307					0.00		%				0.65		%	to			2.65		%				-15.61		%	to			-13.88		%
December 31, 2021			543						$	31.28		to			$	54.73					$	25,409					0.20		%				0.65		%	to			2.65		%				9.32		%	to			11.57		%

A77

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			Invesco V.I. Technology Fund (Series I)
December 31, 2025			633						$	22.29		to			$	59.68					$	22,172					0.00		%				0.65		%	to			1.75		%				18.36		%	to			19.68		%
December 31, 2024			711						$	18.74		to			$	50.42					$	20,962					0.00		%				0.65		%	to			1.75		%				31.91		%	to			33.39		%
December 31, 2023			810						$	14.13		to			$	63.77					$	18,043					0.00		%				0.65		%	to			1.75		%				44.38		%	to			45.99		%
December 31, 2022			912						$	9.74		to			$	43.79					$	14,015					0.00		%				0.65		%	to			1.75		%				-41.00		%	to			-40.34		%
December 31, 2021			1,010						$	16.43		to			$	73.59					$	26,487					0.00		%				0.65		%	to			1.75		%				12.41		%	to			13.67		%
			Allspring VT Index Asset Allocation Fund (Class 2)
December 31, 2025			179						$	42.72		to			$	80.42					$	14,427					1.24		%				1.40		%	to			1.65		%				9.64		%	to			9.92		%
December 31, 2024			199						$	38.96		to			$	73.16					$	14,538					1.32		%				1.40		%	to			1.65		%				12.96		%	to			13.25		%
December 31, 2023			219						$	34.49		to			$	64.60					$	14,159					0.96		%				1.40		%	to			1.65		%				14.78		%	to			15.07		%
December 31, 2022			239						$	30.05		to			$	56.14					$	13,388					0.63		%				1.40		%	to			1.65		%				-18.39		%	to			-18.18		%
December 31, 2021			268						$	36.82		to			$	68.61					$	18,374					0.58		%				1.40		%	to			1.65		%				14.08		%	to			14.37		%
			Allspring VT Small Cap Growth Fund (Class 2)
December 31, 2025			21						$	42.76		to			$	68.72					$	901					0.00		%				1.40		%	to			1.65		%				7.45		%	to			7.73		%
December 31, 2024			22						$	39.69		to			$	63.96					$	857					0.00		%				1.40		%	to			1.65		%				16.73		%	to			17.03		%
December 31, 2023			27						$	33.91		to			$	54.79					$	911					0.00		%				1.40		%	to			1.65		%				2.39		%	to			2.65		%
December 31, 2022			31						$	33.04		to			$	53.51					$	1,027					0.00		%				1.40		%	to			1.65		%				-35.50		%	to			-35.34		%
December 31, 2021			35						$	51.09		to			$	82.96					$	1,777					0.00		%				1.40		%	to			1.65		%				5.86		%	to			6.13		%
			AST PGIM Aggressive Multi-Asset Portfolio
December 31, 2025			107,777						$	17.45		to			$	36.61					$	2,685,937					0.00		%				0.65		%	to			3.05		%				12.46		%	to			15.25		%
December 31, 2024			123,294						$	15.48		to			$	31.89					$	2,680,857					0.00		%				0.65		%	to			3.05		%				10.20		%	to			12.95		%
December 31, 2023			138,759						$	14.02		to			$	28.35					$	2,684,318					0.00		%				0.65		%	to			3.05		%				14.47		%	to			17.29		%
December 31, 2022			133,485						$	12.22		to			$	24.27					$	2,210,442					0.00		%				0.65		%	to			3.05		%				-20.79		%	to			-18.83		%
December 31, 2021			193,479						$	15.40		to			$	30.02					$	3,982,816					0.00		%				0.65		%	to			3.05		%				13.14		%	to			15.94		%
			AST Multi-Asset Diversified Portfolio
December 31, 2025			33,552						$	20.22		to			$	37.72					$	968,221					0.00		%				0.65		%	to			3.05		%				12.03		%	to			14.80		%
December 31, 2024			38,648						$	18.01		to			$	32.99					$	978,761					0.00		%				0.65		%	to			3.05		%				7.59		%	to			10.27		%
December 31, 2023			44,733						$	16.70		to			$	30.04					$	1,033,799					0.00		%				0.65		%	to			3.05		%				11.00		%	to			13.74		%
December 31, 2022			49,369						$	15.02		to			$	26.52					$	1,008,311					0.00		%				0.65		%	to			3.05		%				-19.16		%	to			-17.16		%
December 31, 2021			61,573						$	18.54		to			$	32.14					$	1,530,769					0.00		%				0.65		%	to			3.05		%				10.36		%	to			13.09		%
			AST Investment Grade Bond Portfolio
December 31, 2025			105,831						$	14.47		to			$	21.47					$	1,984,756					0.00		%				0.65		%	to			2.45		%				5.91		%	to			7.86		%
December 31, 2024			131,896						$	13.66		to			$	19.90					$	2,311,394					0.00		%				0.65		%	to			2.45		%				-0.56		%	to			1.29		%
December 31, 2023			155,507						$	13.74		to			$	19.65					$	2,714,068					0.00		%				0.65		%	to			2.45		%				3.88		%	to			5.80		%
December 31, 2022			211,622						$	13.22		to			$	18.57					$	3,529,367					0.00		%				0.65		%	to			2.45		%				-15.93		%	to			-14.38		%
December 31, 2021			34,563						$	15.73		to			$	21.69					$	675,550					0.00		%				0.65		%	to			2.45		%				-4.56		%	to			-2.80		%
			AST Emerging Markets Equity Portfolio (merged January 10, 2025)
December 31, 2025			—						$	7.19		to			$	15.22					$	—					0.00		%				0.65		%	to			2.65		%				-1.47		%	to			-1.41		%
December 31, 2024			5,704						$	7.30		to			$	15.44					$	55,282					0.00		%				0.65		%	to			2.65		%				1.86		%	to			3.97		%
December 31, 2023			6,278						$	7.16		to			$	14.91					$	58,772					0.00		%				0.65		%	to			2.65		%				9.35		%	to			11.59		%
December 31, 2022			6,682						$	6.55		to			$	13.41					$	56,114					0.00		%				0.65		%	to			2.65		%				-23.79		%	to			-22.22		%
December 31, 2021			10,304						$	8.59		to			$	17.32					$	112,133					0.00		%				0.65		%	to			2.65		%				-2.46		%	to			-0.46		%
			Allspring VT Discovery All Cap Growth Fund (Class 2)
December 31, 2025			30						$	56.86		to			$	59.13					$	1,781					0.00		%				1.40		%	to			1.65		%				13.37		%	to			13.66		%
December 31, 2024			31						$	50.15		to			$	52.03					$	1,614					0.00		%				1.40		%	to			1.65		%				18.99		%	to			19.30		%
December 31, 2023			38						$	42.15		to			$	43.61					$	1,634					0.00		%				1.40		%	to			1.65		%				30.98		%	to			31.31		%
December 31, 2022			41						$	32.18		to			$	33.21					$	1,355					0.00		%				1.40		%	to			1.65		%				-38.24		%	to			-38.08		%
December 31, 2021			45						$	50.01		to			$	53.64					$	2,414					0.00		%				1.40		%	to			2.00		%				12.67		%	to			13.36		%
			Allspring VT Discovery All Cap Growth Fund (Class 1)
December 31, 2025			219						$	51.38		to			$	112.58					$	13,071					0.00		%				0.65		%	to			2.65		%				12.47		%	to			14.78		%
December 31, 2024			244						$	45.11		to			$	98.33					$	12,985					0.00		%				0.65		%	to			2.65		%				18.07		%	to			20.51		%
December 31, 2023			279						$	37.72		to			$	81.80					$	12,639					0.00		%				0.65		%	to			2.65		%				29.97		%	to			32.63		%
December 31, 2022			302						$	28.65		to			$	61.83					$	10,465					0.00		%				0.65		%	to			2.75		%				-38.78		%	to			-37.45		%
December 31, 2021			364						$	46.16		to			$	99.11					$	20,626					0.00		%				0.65		%	to			2.75		%				12.10		%	to			14.52		%

A78

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			Allspring VT Small Cap Growth Fund (Class 1)
December 31, 2025			242						$	32.91		to			$	44.01					$	9,616					0.00		%				0.65		%	to			2.50		%				6.81		%	to			8.84		%
December 31, 2024			256						$	30.81		to			$	40.44					$	9,415					0.00		%				0.65		%	to			2.50		%				16.08		%	to			18.29		%
December 31, 2023			284						$	26.54		to			$	34.19					$	8,901					0.00		%				0.65		%	to			2.50		%				1.75		%	to			3.68		%
December 31, 2022			306						$	26.09		to			$	32.97					$	9,316					0.00		%				0.65		%	to			2.50		%				-35.94		%	to			-34.73		%
December 31, 2021			344						$	40.72		to			$	50.51					$	16,148					0.00		%				0.65		%	to			2.50		%				5.23		%	to			7.23		%
			AST Quantitative Modeling Portfolio
December 31, 2025			1,166						$	20.25		to			$	27.70					$	29,314					0.00		%				0.65		%	to			2.75		%				11.61		%	to			14.02		%
December 31, 2024			1,410						$	18.14		to			$	24.30					$	31,496					0.00		%				0.65		%	to			2.75		%				10.99		%	to			13.40		%
December 31, 2023			1,802						$	16.35		to			$	21.42					$	36,051					0.00		%				0.65		%	to			2.75		%				14.26		%	to			16.71		%
December 31, 2022			2,149						$	14.31		to			$	18.36					$	37,161					0.00		%				0.65		%	to			2.75		%				-20.98		%	to			-19.28		%
December 31, 2021			2,579						$	18.11		to			$	22.74					$	55,720					0.00		%				0.65		%	to			2.75		%				12.27		%	to			14.69		%
			Invesco V.I. Diversified Dividend Fund (Series I)
December 31, 2025			472						$	26.46		to			$	36.20					$	15,619					1.62		%				0.65		%	to			2.75		%				12.56		%	to			14.99		%
December 31, 2024			514						$	23.51		to			$	31.49					$	14,862					1.84		%				0.65		%	to			2.75		%				10.09		%	to			12.48		%
December 31, 2023			585						$	21.36		to			$	27.99					$	15,074					2.01		%				0.65		%	to			2.75		%				6.06		%	to			8.34		%
December 31, 2022			624						$	20.14		to			$	25.84					$	14,942					1.81		%				0.65		%	to			2.75		%				-4.38		%	to			-2.32		%
December 31, 2021			647						$	21.06		to			$	26.45					$	15,978					2.08		%				0.65		%	to			2.75		%				15.63		%	to			18.12		%
			Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)
December 31, 2025			10						$	11.28		to			$	11.28					$	115					2.27		%				1.00		%	to			1.00		%				8.10		%	to			8.10		%
December 31, 2024			11						$	10.44		to			$	10.44					$	115					3.25		%				1.00		%	to			1.00		%				0.55		%	to			0.55		%
December 31, 2023			13						$	10.38		to			$	10.38					$	131					2.79		%				1.00		%	to			1.00		%				4.65		%	to			4.65		%
December 31, 2022			14						$	9.92		to			$	9.92					$	142					1.98		%				1.00		%	to			1.00		%				-15.00		%	to			-15.00		%
December 31, 2021			19						$	11.67		to			$	11.67					$	223					1.98		%				1.00		%	to			1.00		%				-1.94		%	to			-1.94		%
			Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)
December 31, 2025			109						$	65.42		to			$	65.42					$	7,118					0.00		%				1.00		%	to			1.00		%				14.98		%	to			14.98		%
December 31, 2024			121						$	56.90		to			$	56.90					$	6,885					0.00		%				1.00		%	to			1.00		%				30.01		%	to			30.01		%
December 31, 2023			130						$	43.76		to			$	43.76					$	5,678					0.00		%				1.00		%	to			1.00		%				41.74		%	to			41.74		%
December 31, 2022			143						$	30.88		to			$	30.88					$	4,416					0.00		%				1.00		%	to			1.00		%				-32.07		%	to			-32.07		%
December 31, 2021			159						$	45.45		to			$	45.45					$	7,204					0.00		%				1.00		%	to			1.00		%				27.45		%	to			27.45		%
			Allspring VT Opportunity Fund (Class 1)
December 31, 2025			43						$	45.09		to			$	45.09					$	1,932					0.31		%				1.40		%	to			1.40		%				5.51		%	to			5.51		%
December 31, 2024			52						$	42.74		to			$	42.74					$	2,216					0.28		%				1.40		%	to			1.40		%				13.72		%	to			13.72		%
December 31, 2023			55						$	37.58		to			$	37.58					$	2,063					0.00		%				1.40		%	to			1.40		%				25.06		%	to			25.06		%
December 31, 2022			65						$	30.05		to			$	30.05					$	1,952					0.00		%				1.40		%	to			1.40		%				-21.72		%	to			-21.72		%
December 31, 2021			72						$	38.39		to			$	38.39					$	2,777					0.24		%				1.40		%	to			1.40		%				23.31		%	to			23.31		%
			Allspring VT Opportunity Fund (Class 2)
December 31, 2025			107						$	43.49		to			$	43.49					$	4,670					0.05		%				1.40		%	to			1.40		%				5.22		%	to			5.22		%
December 31, 2024			121						$	41.33		to			$	41.33					$	4,998					0.05		%				1.40		%	to			1.40		%				13.43		%	to			13.43		%
December 31, 2023			135						$	36.44		to			$	36.44					$	4,910					0.00		%				1.40		%	to			1.40		%				24.73		%	to			24.73		%
December 31, 2022			149						$	29.21		to			$	29.21					$	4,345					0.00		%				1.40		%	to			1.40		%				-21.91		%	to			-21.91		%
December 31, 2021			162						$	37.41		to			$	37.41					$	6,053					0.04		%				1.40		%	to			1.40		%				23.03		%	to			23.03		%
			AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)
December 31, 2025			—						$	26.74		to			$	34.49					$	—					0.00		%				0.65		%	to			2.75		%				3.48		%	to			3.63		%
December 31, 2024			2,090						$	25.84		to			$	33.29					$	64,758					0.00		%				0.65		%	to			2.75		%				13.49		%	to			15.95		%
December 31, 2023			2,354						$	22.77		to			$	28.71					$	63,381					0.00		%				0.65		%	to			2.75		%				11.19		%	to			13.58		%
December 31, 2022			2,350						$	20.48		to			$	25.27					$	56,105					0.00		%				0.65		%	to			2.75		%				-10.08		%	to			-8.15		%
December 31, 2021			2,790						$	22.77		to			$	27.51					$	72,765					0.00		%				0.65		%	to			2.75		%				23.04		%	to			25.70		%
			Columbia Variable Portfolio - Government Money Market Fund (Class 1)
December 31, 2025			203						$	10.27		to			$	10.61					$	2,153					3.93		%				1.00		%	to			1.25		%				2.68		%	to			2.94		%
December 31, 2024			243						$	10.01		to			$	10.31					$	2,500					4.92		%				1.00		%	to			1.25		%				3.68		%	to			3.94		%
December 31, 2023			271						$	9.65		to			$	9.92					$	2,686					4.63		%				1.00		%	to			1.25		%				3.42		%	to			3.68		%
December 31, 2022			301						$	9.33		to			$	9.56					$	2,877					1.19		%				1.00		%	to			1.25		%				-0.06		%	to			0.20		%
December 31, 2021			296						$	9.34		to			$	9.55					$	2,830					0.01		%				1.00		%	to			1.25		%				-1.24		%	to			-0.99		%

A79

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			Columbia Variable Portfolio - Income Opportunities Fund (Class 1)
December 31, 2025			3						$	15.63		to			$	15.63					$	50					1.53		%				1.00		%	to			1.00		%				7.70		%	to			7.70		%
December 31, 2024			9						$	14.52		to			$	14.52					$	125					5.60		%				1.00		%	to			1.00		%				4.84		%	to			4.84		%
December 31, 2023			9						$	13.85		to			$	13.85					$	123					5.17		%				1.00		%	to			1.00		%				10.45		%	to			10.45		%
December 31, 2022			10						$	12.54		to			$	12.54					$	124					5.36		%				1.00		%	to			1.00		%				-10.91		%	to			-10.91		%
December 31, 2021			10						$	14.07		to			$	14.07					$	147					9.10		%				1.00		%	to			1.00		%				3.45		%	to			3.45		%
			AST Large-Cap Equity Portfolio
December 31, 2025			12,569						$	30.23		to			$	41.22					$	483,565					0.00		%				0.65		%	to			3.05		%				11.38		%	to			14.14		%
December 31, 2024			4,444						$	28.14		to			$	36.11					$	150,117					0.00		%				0.65		%	to			2.75		%				20.72		%	to			23.34		%
December 31, 2023			4,607						$	23.31		to			$	29.28					$	127,099					0.00		%				0.65		%	to			2.75		%				19.73		%	to			22.30		%
December 31, 2022			4,857						$	19.47		to			$	23.94					$	110,138					0.00		%				0.65		%	to			2.75		%				-19.27		%	to			-17.53		%
December 31, 2021			6,174						$	24.12		to			$	29.03					$	170,350					0.00		%				0.65		%	to			2.75		%				24.33		%	to			27.01		%
			AST Bond Portfolio 2025 (liquidated December 31, 2025)
December 31, 2025			—						$	10.47		to			$	13.46					$	—					0.00		%				1.00		%	to			3.05		%				1.17		%	to			3.31		%
December 31, 2024			1,709						$	10.35		to			$	13.03					$	20,132					0.00		%				1.00		%	to			3.05		%				2.13		%	to			4.30		%
December 31, 2023			250						$	10.45		to			$	12.49					$	2,830					0.00		%				1.00		%	to			2.75		%				2.92		%	to			4.77		%
December 31, 2022			388						$	10.15		to			$	11.92					$	4,288					0.00		%				1.00		%	to			2.75		%				-11.25		%	to			-9.65		%
December 31, 2021			93						$	11.16		to			$	13.20					$	1,139					0.00		%				1.00		%	to			3.05		%				-5.82		%	to			-3.82		%
			AST Bond Portfolio 2026
December 31, 2025			1,957						$	9.08		to			$	11.42					$	20,402					0.00		%				1.00		%	to			3.05		%				1.98		%	to			4.14		%
December 31, 2024			1,540						$	8.90		to			$	10.97					$	15,728					0.00		%				1.00		%	to			3.05		%				1.36		%	to			3.52		%
December 31, 2023			1,901						$	8.78		to			$	10.60					$	18,838					0.00		%				1.00		%	to			3.05		%				2.71		%	to			4.88		%
December 31, 2022			2,288						$	8.55		to			$	10.10					$	21,572					0.00		%				1.00		%	to			3.05		%				-13.40		%	to			-11.58		%
December 31, 2021			2,372						$	9.87		to			$	11.43					$	25,560					0.00		%				1.00		%	to			3.05		%				-6.78		%	to			-4.80		%
			AST Bond Portfolio 2027
December 31, 2025			2,934						$	9.24		to			$	11.04					$	29,826					0.00		%				1.00		%	to			2.75		%				3.08		%	to			4.93		%
December 31, 2024			3,561						$	8.96		to			$	10.52					$	34,673					0.00		%				1.00		%	to			2.75		%				0.91		%	to			2.74		%
December 31, 2023			4,227						$	8.67		to			$	10.24					$	40,314					0.00		%				1.00		%	to			3.05		%				2.30		%	to			4.46		%
December 31, 2022			4,736						$	8.47		to			$	9.81					$	43,546					0.00		%				1.00		%	to			3.05		%				-15.36		%	to			-13.57		%
December 31, 2021			3,610						$	10.01		to			$	11.34					$	38,850					0.00		%				1.00		%	to			3.05		%				-7.50		%	to			-5.55		%
			NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)
December 31, 2025			1,056						$	12.18		to			$	15.33					$	15,221					0.31		%				0.65		%	to			3.05		%				31.63		%	to			34.89		%
December 31, 2024			1,208						$	9.25		to			$	11.36					$	12,966					1.28		%				0.65		%	to			3.05		%				2.74		%	to			5.29		%
December 31, 2023			1,413						$	9.01		to			$	10.79					$	14,501					1.41		%				0.65		%	to			3.05		%				0.65		%	to			3.13		%
December 31, 2022			1,362						$	8.95		to			$	10.47					$	13,686					0.16		%				0.65		%	to			3.05		%				-27.28		%	to			-25.48		%
December 31, 2021			1,550						$	12.51		to			$	14.04					$	21,041					0.93		%				0.65		%	to			2.75		%				-10.13		%	to			-8.19		%
			AST Bond Portfolio 2028
December 31, 2025			4,154						$	9.22		to			$	11.14					$	43,165					0.00		%				1.00		%	to			3.05		%				3.76		%	to			5.96		%
December 31, 2024			5,017						$	8.89		to			$	10.51					$	49,530					0.00		%				1.00		%	to			3.05		%				-0.53		%	to			1.58		%
December 31, 2023			6,127						$	8.94		to			$	10.35					$	60,054					0.00		%				1.00		%	to			3.05		%				2.30		%	to			4.46		%
December 31, 2022			7,615						$	8.74		to			$	9.90					$	71,913					0.00		%				1.00		%	to			3.05		%				-16.67		%	to			-14.91		%
December 31, 2021			5,445						$	10.48		to			$	11.64					$	60,975					0.00		%				1.00		%	to			3.05		%				-7.37		%	to			-5.41		%
			AST Bond Portfolio 2029
December 31, 2025			31						$	9.72		to			$	10.77					$	319					0.00		%				1.25		%	to			2.50		%				5.09		%	to			6.44		%
December 31, 2024			239						$	9.25		to			$	10.12					$	2,278					0.00		%				1.25		%	to			2.50		%				-1.08		%	to			0.19		%
December 31, 2023			350						$	9.36		to			$	10.25					$	3,349					0.00		%				1.00		%	to			2.50		%				2.99		%	to			4.57		%
December 31, 2022			503						$	9.01		to			$	9.80					$	4,666					0.00		%				1.00		%	to			2.65		%				-18.20		%	to			-16.81		%
December 31, 2021			—						$	10.82		to			$	11.79					$	—					0.00		%				1.00		%	to			3.10		%				-7.47		%	to			-5.47		%	(2)
			AST Bond Portfolio 2030
December 31, 2025			3,255						$	9.63		to			$	11.15					$	34,771					0.00		%				1.00		%	to			3.05		%				4.75		%	to			6.96		%
December 31, 2024			3,674						$	9.19		to			$	10.42					$	36,984					0.00		%				1.00		%	to			3.05		%				-2.09		%	to			-0.01		%
December 31, 2023			4,175						$	9.39		to			$	10.42					$	42,281					0.00		%				1.00		%	to			3.05		%				2.18		%	to			4.33		%
December 31, 2022			4,160						$	9.19		to			$	9.99					$	40,749					0.00		%				1.00		%	to			3.05		%				-19.66		%	to			-17.96		%
December 31, 2021			4,328						$	11.44		to			$	12.18					$	51,992					0.00		%				1.00		%	to			3.05		%				-7.12		%	to			-5.16		%

A80

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			AST Bond Portfolio 2031
December 31, 2025			2,966						$	8.33		to			$	9.44					$	26,908					0.00		%				1.00		%	to			3.05		%				5.13		%	to			7.35		%
December 31, 2024			3,457						$	7.92		to			$	8.80					$	29,451					0.00		%				1.00		%	to			3.05		%				-2.86		%	to			-0.79		%
December 31, 2023			3,812						$	8.16		to			$	8.87					$	32,975					0.00		%				1.00		%	to			3.05		%				2.16		%	to			4.31		%
December 31, 2022			4,522						$	7.98		to			$	8.50					$	37,723					0.00		%				1.00		%	to			3.05		%				-21.21		%	to			-19.55		%
December 31, 2021			3,392						$	10.13		to			$	10.57					$	35,400					0.00		%				1.00		%	to			3.05		%				-7.68		%	to			-5.72		%
			MFS® International Growth Portfolio (Service Class)
December 31, 2025			45						$	17.44		to			$	17.44					$	790					1.01		%				1.30		%	to			1.30		%				19.24		%	to			19.24		%
December 31, 2024			16						$	14.63		to			$	14.63					$	228					0.91		%				1.30		%	to			1.30		%				7.34		%	to			7.34		%
December 31, 2023			16						$	13.63		to			$	13.68					$	216					0.51		%				1.20		%	to			1.30		%				12.91		%	to			13.03		%
December 31, 2022			49						$	12.07		to			$	12.10					$	594					0.27		%				1.20		%	to			1.30		%				-16.28		%	to			-16.20		%
December 31, 2021			218						$	14.42		to			$	14.44					$	3,151					0.46		%				1.20		%	to			1.30		%				7.58		%	to			7.68		%
			MFS® Total Return Bond Series (Service Class)
December 31, 2025			291						$	9.96		to			$	9.96					$	2,894					3.99		%				1.30		%	to			1.30		%				5.55		%	to			5.55		%
December 31, 2024			195						$	9.43		to			$	9.43					$	1,842					3.15		%				1.30		%	to			1.30		%				0.99		%	to			0.99		%
December 31, 2023			69						$	9.34		to			$	9.34					$	649					3.09		%				1.30		%	to			1.30		%				5.74		%	to			5.74		%
December 31, 2022			316						$	8.83		to			$	8.86					$	2,792					2.11		%				1.20		%	to			1.30		%				-15.30		%	to			-15.21		%
December 31, 2021			661						$	10.43		to			$	10.45					$	6,902					3.05		%				1.20		%	to			1.30		%				-2.35		%	to			-2.25		%
			MFS® Total Return Series (Service Class)
December 31, 2025			66						$	15.15		to			$	15.15					$	1,001					2.54		%				1.30		%	to			1.30		%				9.47		%	to			9.47		%
December 31, 2024			63						$	13.84		to			$	13.84					$	876					2.15		%				1.30		%	to			1.30		%				6.06		%	to			6.06		%
December 31, 2023			60						$	13.05		to			$	13.05					$	782					1.78		%				1.30		%	to			1.30		%				8.79		%	to			8.79		%
December 31, 2022			66						$	11.99		to			$	12.03					$	787					1.14		%				1.20		%	to			1.30		%				-11.01		%	to			-10.92		%
December 31, 2021			704						$	13.48		to			$	13.50					$	9,494					1.65		%				1.20		%	to			1.30		%				12.36		%	to			12.47		%
			MFS® Value Series (Service Class)
December 31, 2025			270						$	18.84		to			$	18.95					$	5,097					1.09		%				1.20		%	to			1.30		%				11.30		%	to			11.41		%
December 31, 2024			223						$	16.93		to			$	16.93					$	3,783					1.41		%				1.30		%	to			1.30		%				9.90		%	to			9.90		%
December 31, 2023			186						$	15.40		to			$	15.46					$	2,872					1.28		%				1.20		%	to			1.30		%				6.24		%	to			6.35		%
December 31, 2022			226						$	14.50		to			$	14.54					$	3,277					1.05		%				1.20		%	to			1.30		%				-7.36		%	to			-7.27		%
December 31, 2021			799						$	15.65		to			$	15.68					$	12,514					1.21		%				1.20		%	to			1.30		%				23.53		%	to			23.66		%
			PSF PGIM Government Money Market Portfolio (Class III)
December 31, 2025			2,799						$	10.85		to			$	11.52					$	32,240					3.71		%				0.00		%	to			1.30		%				2.44		%	to			3.79		%
December 31, 2024			2,576						$	10.59		to			$	11.10					$	28,592					4.63		%				0.00		%	to			1.30		%				3.38		%	to			4.75		%
December 31, 2023			2,333						$	10.25		to			$	10.59					$	24,712					4.53		%				0.00		%	to			1.30		%				3.26		%	to			4.62		%
December 31, 2022			2,390						$	9.92		to			$	10.13					$	24,206					0.64		%				0.00		%	to			1.30		%				-0.10		%	to			1.22		%
December 31, 2021			11,017						$	9.93		to			$	10.00					$	110,217					0.04		%				0.00		%	to			1.30		%				-0.67		%	to			0.04		%
			Invesco V.I. Discovery Mid Cap Growth Fund (Series I)
December 31, 2025			504						$	15.61		to			$	17.02					$	8,271					0.00		%				0.65		%	to			2.15		%				2.54		%	to			4.11		%
December 31, 2024			577						$	14.97		to			$	16.35					$	9,159					0.00		%				0.65		%	to			2.50		%				21.11		%	to			23.42		%
December 31, 2023			648						$	12.36		to			$	13.25					$	8,383					0.00		%				0.65		%	to			2.50		%				10.33		%	to			12.42		%
December 31, 2022			764						$	11.21		to			$	11.78					$	8,854					0.00		%				0.65		%	to			2.50		%				-32.71		%	to			-31.43		%
December 31, 2021			910						$	16.65		to			$	17.18					$	15,469					0.00		%				0.65		%	to			2.50		%				16.12		%	to			18.32		%
			AST Global Bond Portfolio (merged February 7, 2025)
December 31, 2025			—						$	8.52		to			$	9.32					$	—					0.00		%				0.65		%	to			2.75		%				0.26		%	to			0.48		%
December 31, 2024			8,561						$	8.50		to			$	9.28					$	77,195					0.00		%				0.65		%	to			2.75		%				-0.11		%	to			2.06		%
December 31, 2023			8,800						$	8.50		to			$	9.09					$	78,304					0.00		%				0.65		%	to			2.75		%				3.37		%	to			5.60		%
December 31, 2022			8,383						$	8.23		to			$	8.61					$	71,094					0.00		%				0.65		%	to			2.75		%				-14.60		%	to			-12.76		%
December 31, 2021			10,543						$	9.63		to			$	9.87					$	103,217					0.00		%				0.65		%	to			2.75		%				-4.17		%	to			-2.10		%
			AST Bond Portfolio 2032 (available January 4, 2021)
December 31, 2025			4,101						$	7.36		to			$	8.17					$	32,581					0.00		%				1.00		%	to			3.05		%				5.42		%	to			7.65		%
December 31, 2024			4,448						$	6.98		to			$	7.59					$	33,085					0.00		%				1.00		%	to			3.05		%				-3.68		%	to			-1.63		%
December 31, 2023			6,649						$	7.25		to			$	7.71					$	50,604					0.00		%				1.00		%	to			3.05		%				1.96		%	to			4.11		%
December 31, 2022			8,949						$	7.11		to			$	7.41					$	65,726					0.00		%				1.00		%	to			3.05		%				-22.60		%	to			-20.97		%
December 31, 2021			5,609						$	9.18		to			$	9.38					$	52,363					0.00		%				1.00		%	to			3.05		%				-8.16		%	to			-6.24		%

A81

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

			At the period ended																								For the period ended
			Units Outstanding (000s)						Unit Value Lowest — Highest												Net Assets (000s)						Investment Income Ratio*						Expense Ratio** Lowest — Highest												Total Return*** Lowest — Highest
			AST Bond Portfolio 2033 (available January 3, 2022)
December 31, 2025			—						$	7.85		to			$	8.55					$	—					0.00		%				1.00		%	to			3.10		%				5.56		%	to			7.85		%	(2)
December 31, 2024			—						$	7.54		to			$	7.81					$	—					0.00		%				1.50		%	to			2.65		%				-4.42		%	to			-3.28		%
December 31, 2023			30						$	7.89		to			$	8.11					$	243					0.00		%				1.25		%	to			2.65		%				1.89		%	to			3.35		%
December 31, 2022			65						$	7.74		to			$	7.85					$	505					0.00		%				1.25		%	to			2.60		%				-22.55		%	to			-21.48		%
December 31, 2021			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%
			AST Bond Portfolio 2034 (available January 3, 2023)
December 31, 2025			90						$	10.05		to			$	10.70					$	958					0.00		%				1.00		%	to			3.05		%				5.77		%	to			8.01		%
December 31, 2024			35						$	9.50		to			$	9.91					$	337					0.00		%				1.00		%	to			3.05		%				-5.50		%	to			-3.49		%
December 31, 2023			3						$	10.09		to			$	10.27					$	28					0.00		%				1.00		%	to			2.75		%				0.89		%	to			2.68		%
December 31, 2022			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%
December 31, 2021			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%
			AST Bond Portfolio 2035 (available January 2, 2024)
December 31, 2025			106						$	10.09		to			$	10.46					$	1,103					0.00		%				1.00		%	to			2.75		%				6.21		%	to			8.12		%
December 31, 2024			20						$	9.50		to			$	9.67					$	188					0.00		%				1.00		%	to			2.75		%				-4.97		%	to			-3.27		%
December 31, 2023			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%
December 31, 2022			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%
December 31, 2021			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%
			AST Bond Portfolio 2036 (available January 2, 2025)
December 31, 2025			13						$	10.60		to			$	10.68					$	141					0.00		%				1.00		%	to			1.75		%				6.02		%	to			6.83		%
December 31, 2024			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%
December 31, 2023			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%
December 31, 2022			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%
December 31, 2021			—						$	—		to			$	—					$	—					0.00		%				0.00		%	to			0.00		%				0.00		%	to			0.00		%

*			These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying Portfolios, net of management fees assessed by the fund manager, divided by the average daily net assets. These ratios exclude those expenses, such as mortality and expense risk and administration charges, that result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying Portfolios in which the subaccount invests.
**			These amounts represent the annualized contract expenses of the Account, consisting primarily of mortality and expense risk and administration charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Portfolios are excluded.
***			These amounts represent the total returns for the periods indicated, including changes in the value of the underlying Portfolios, and reflect deductions for all items included in the expense ratio. 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. Product designs within a subaccount which were offered less than one year are included in the range of total returns for that period, and their respective total returns may not correspond to the total returns of a product offering with a comparable expense ratio that was presented for the full period. Contract owners may experience different total returns based on their investment options. Subaccounts with a date notation indicate the effective date of that subaccount in the Account. Total returns for periods less than one year are not annualized. The total return is calculated for each of the five periods preceding December 31, 2025 or for the periods indicated within.
(1)			Amount is less than 0.01%.
(2)			Total return reflects the return had there been contract owners in the subaccount during the period.

A82

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NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

Note 8:    Charges and Expenses

The following represents the various charges and expenses of the Account which are paid to FLIAC.

Each contract funded through the Account is subject to specific fees and charges, some of which are deducted as an asset-based charge by the Account, while others are deducted either annually or at the time that certain transactions are made.

Insurance Charge - The insurance charge is the combination of the mortality and expense risk charges and the administrative charge. The insurance charge is expressed as an annual charge; however the daily equivalent is deducted on a daily basis from the net assets of each subaccount. This charge is assessed through a reduction in unit values.

Distribution Charge - The distribution charge is deducted by the Account on certain contracts for a specified period of time. The distribution charge is intended to compensate FLIAC for a portion of the acquisition expenses under the annuity, including promotion and distribution of the annuity. The distribution charge is expressed as an annual charge; however, the daily equivalent is deducted on a daily basis from the net assets of each subaccount. This charge is assessed through a reduction in unit values.

Annual Maintenance Fee - An annual maintenance fee of up to $35 is deducted at the end of each annuity year and upon surrender of the annuity. The annual maintenance fee on certain contracts may be less than $35, may be zero or, under certain circumstances, may be waived based on the account value of the annuity on the anniversary date when the charge is deducted. This charge is assessed through the redemption of units.

Transfer Fees - Transfer fees are charged at a rate of $10 for each transfer after the 20th transfer in each annuity year, as set forth in the respective prospectuses. These charges are assessed through the redemption of units.

Contingent Deferred Sales Charges - Contingent deferred sales charges from 0% to 9% may apply to certain withdrawals from the annuities and upon surrender of the annuity. When applicable, contingent deferred sales charges will apply for a maximum number of years depending on the type of contract. The maximum number of years may be based on the number of years since each purchase payment is applied or from the issue date of the annuity. Certain annuities do not deduct a contingent deferred sales charge upon surrender or withdrawal. Refer to the prospectus for the contract for a complete description of the contingent deferred sales charge, as well as for any exceptions to the provision that may apply to certain withdrawals during each annuity year. These charges are assessed through the redemption of units.

Premium Taxes - Some states and municipalities impose premium taxes, which currently range up to 3.5% on variable immediate annuity contracts. Depending on the product, these charges are deducted before the net amount is allocated to the investment options in the Account or are assessed through the redemption of units at annuitization.

Optional Benefit Charges - Prior to November 18, 2002, PALAC offered certain optional benefits as riders to the various contracts where the annual charge to purchase the rider was deducted from the annuity on an annual basis in arrears. Charges on these benefits will continue to be deducted in the same manner. Effective as of November 18, 2002, PALAC, and now FLIAC, due to the sale, offers riders for optional benefits whose annual charge is deducted on a daily basis from the net assets of each subaccount. The daily charge for the optional benefits is deducted in the same manner as the insurance charge and the distribution charge (if applicable). These charges are assessed through a reduction in unit values.

The following are the base and maximum combined insurance, distribution (when applicable), and optional benefit charges of the respective contracts.

A83

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

Products			Base			Maximum
ACN			1.40		%	1.65		%
Apex			1.40		%	2.15		%
Apex II			1.65		%	3.05		%
AS Cornerstone			1.15		%	2.55		%
AS Impact			1.00		%	1.50		%
AS Protector			1.40		%	1.65		%
ASAIA			1.25		%	2.25		%
ASAP			1.40		%	1.65		%
ASAP II			1.40		%	2.15		%
ASAP II Premier			1.40		%	1.65		%
ASAP III			0.65		%	2.60		%
ASL			1.40		%	2.15		%
ASL II			1.65		%	3.05		%
ASL II Premier			1.65		%	2.25		%
ASL Premier			1.40		%	1.65		%
ASVIA			1.25		%	1.25		%
Advisors Choice Advisors Select			0.90		%	0.90		%
Choice 2000			0.65		%	2.05		%
Defined Investments Annuity			1.00		%	1.75		%
Emerald Choice			1.40		%	2.15		%
Galaxy III			1.00		%	1.25		%
Harvester Variable Annuity			1.40		%	1.65		%
Harvester XTra Credit			1.40		%	1.65		%
Imperium			1.40		%	2.15		%
Optimum			0.65		%	2.65		%
Optimum Four			1.65		%	3.05		%
Optimum Plus			0.65		%	3.05		%
Optimum XTra			1.75		%	3.10		%
FlexGuard			1.20		%	1.30		%
FlexGuard Income			1.20		%	1.30		%
PSA			1.40		%	1.40		%
Stagecoach VA			1.40		%	2.15		%
Stagecoach Apex II			1.65		%	3.00		%
Stagecoach ASAP III			1.25		%	2.60		%
Stagecoach Extra Credit			1.40		%	2.15		%
Stagecoach Flex			1.40		%	2.15		%
Stagecoach VA+			1.40		%	2.15		%
Stagecoach XTra Credit SIX			1.65		%	3.00		%
Stagecoach Apex			1.40		%	2.15		%
XTra Credit			1.40		%	2.15		%
XTra Credit EIGHT			1.75		%	3.10		%
XTra Credit FOUR			1.40		%	2.15		%
XTra Credit FOUR Premier			1.40		%	1.65		%
XTra Credit Premier			1.40		%	1.65		%
XTra Credit SIX			0.65		%	3.05		%

A84

---

NOTES TO FINANCIAL STATEMENTS OF

FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)

Note 9:    Other

Accumulation units are the contract owner's interest allocated to the variable account during the accumulation period of the contract.

Contract owner net payments represent contract owner contributions, net of applicable deductions, charges, and state premium taxes, including amounts transferred to individual subaccounts by the general account to cover greater longevity of annuitants for contracts in payout and remittance of remediation credits to contract owners.

Annuity payments represent periodic payments distributed under the terms of the contract.

Surrenders, withdrawals and death benefits are payments to contract owners and beneficiaries made under the terms of the contracts, including amounts that contract owners have requested to be withdrawn or paid to them.

Net transfers between other subaccounts or fixed rate option are amounts that contract owners have directed to be moved among subaccounts, including permitted transfers to and from the guaranteed interest account and market value adjustment account.

Miscellaneous transactions primarily represent timing related adjustments on contract owner transactions, such as premiums, surrenders, transfers, etc. which are funded by the general account in order to maintain appropriate contract owner account balances.

Other charges are contract level charges assessed through the redemption of units as described in Note 8, Charges and Expenses.

A85

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Report of Independent Registered Public Accounting Firm

To the Board of Directors of Fortitude Life Insurance & Annuity Company and the Contract Owners of Fortitude Life Insurance & Annuity Company Variable Account B

Opinions on the Financial Statements

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

AST Large-Cap Growth Portfolio (1)			ProFund VP UltraMid-Cap (1)
AST Government Money Market Portfolio (1)			ProFund VP UltraNasdaq-100 (1)
AST Cohen & Steers Realty Portfolio (2)			ProFund VP UltraSmall-Cap (1)
AST J.P. Morgan Conservative Multi-Asset Portfolio (1)			ProFund VP Utilities (1)
AST High Yield Portfolio (3)			ProFund VP Large-Cap Growth (1)
AST Large-Cap Value Portfolio (1)			ProFund VP Large-Cap Value (1)
AST Small-Cap Equity Portfolio (1)			Rydex VT Nova Fund (1)
AST T. Rowe Price Natural Resources Portfolio (2)			Rydex VT NASDAQ-100® Fund (1)
AST MFS Global Equity Portfolio (2)			Rydex VT Inverse S&P 500® Strategy Fund (1)
AST International Equity Portfolio (1)			Invesco V.I. Health Care Fund (Series I) (1)
AST Aggressive Asset Allocation Portfolio (1)			Invesco V.I. Technology Fund (Series I) (1)
AST Multi-Asset Diversified Plus Portfolio (1)			Allspring VT Index Asset Allocation Fund (Class 2) (1)
AST Balanced Asset Allocation Portfolio (1)			Allspring VT Small Cap Growth Fund (Class 2) (1)
AST Preservation Asset Allocation Portfolio (1)			AST PGIM Aggressive Multi-Asset Portfolio (1)
AST J.P. Morgan Moderate Multi-Asset Portfolio (1)			AST Multi-Asset Diversified Portfolio (1)
AST Core Fixed Income Portfolio (1)			AST Investment Grade Bond Portfolio (1)
Davis Equity Portfolio (1)			AST Emerging Markets Equity Portfolio (4)
Columbia Variable Portfolio - Small Company Growth Fund (Class 1) (1)			Allspring VT Discovery All Cap Growth Fund (Class 2) (1)
ProFund VP Asia 30 (1)			Allspring VT Discovery All Cap Growth Fund (Class 1) (1)
ProFund VP Banks (1)			Allspring VT Small Cap Growth Fund (Class 1) (1)
ProFund VP Bear (1)			AST Quantitative Modeling Portfolio (1)
ProFund VP Biotechnology (1)			Invesco V.I. Diversified Dividend Fund (Series I) (1)
ProFund VP Materials (1)			Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1) (1)
ProFund VP UltraBull (1)			Columbia Variable Portfolio - Large Cap Growth Fund (Class 1) (1)
ProFund VP Bull (1)			Allspring VT Opportunity Fund (Class 1) (1)
ProFund VP Consumer Discretionary (1)			Allspring VT Opportunity Fund (Class 2) (1)
ProFund VP Consumer Staples (1)			AST ClearBridge Dividend Growth Portfolio (2)
ProFund VP Energy (1)			Columbia Variable Portfolio - Government Money Market Fund (Class 1) (1)
ProFund VP Europe 30 (1)			Columbia Variable Portfolio - Income Opportunities Fund (Class 1) (1)
ProFund VP Financials (1)			AST Large-Cap Equity Portfolio (1)
ProFund VP U.S. Government Plus (1)			AST Bond Portfolio 2025 (5)
ProFund VP Health Care (1)			AST Bond Portfolio 2026 (1)

A86

---

ProFund Access VP High Yield Fund (1)			AST Bond Portfolio 2027 (1)
ProFund VP Industrials (1)			NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D) (1)
ProFund VP Internet (1)			AST Bond Portfolio 2028 (1)
ProFund VP Japan (1)			AST Bond Portfolio 2029 (1)
ProFund VP Precious Metals (1)			AST Bond Portfolio 2030 (1)
ProFund VP Mid-Cap Growth (1)			AST Bond Portfolio 2031 (1)
ProFund VP Mid-Cap Value (1)			MFS® International Growth Portfolio (Service Class) (1)
ProFund VP Pharmaceuticals (1)			MFS® Total Return Bond Series (Service Class) (1)
ProFund VP Real Estate (1)			MFS® Total Return Series (Service Class) (1)
ProFund VP Rising Rates Opportunity (1)			MFS® Value Series (Service Class) (1)
ProFund VP Nasdaq-100 (1)			PSF PGIM Government Money Market Portfolio (Class III) (1)
ProFund VP Semiconductor (1)			Invesco V.I. Discovery Mid Cap Growth Fund (Series I) (1)
ProFund VP Small-Cap Growth (1)			AST Global Bond Portfolio (3)
ProFund VP Short Mid-Cap (1)			AST Bond Portfolio 2032 (1)
ProFund VP Short Nasdaq-100 (1)			AST Bond Portfolio 2033 (1)
ProFund VP Short Small-Cap (1)			AST Bond Portfolio 2034 (1)
ProFund VP Small-Cap Value (1)			AST Bond Portfolio 2035 (6)
ProFund VP Technology (1)			AST Bond Portfolio 2036 (7)
ProFund VP Communication Services (1)
(1) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025 and statement of changes in net assets for the years ended December 31, 2025 and 2024.
(2) Statement of net assets as of January 24, 2025 (date of merger), statement of operations for the period January 1, 2025 to January 24, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to January 24, 2025 (date of merger) and for the year ended December 31, 2024.
(3) Statement of net assets as of February 7, 2025 (date of merger), statement of operations for the period January 1, 2025 to February 7, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to February 7, 2025 (date of merger) and for the year ended December 31, 2024.
(4) Statement of net assets as of January 10, 2025 (date of merger), statement of operations for the period January 1, 2025 to January 10, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to January 10, 2025 (date of merger) and for the year ended December 31, 2024.
(5) Statement of net assets as of December 31, 2025 (date of liquidation), statement of operations for the period January 1, 2025 to December 31, 2025 (date of liquidation) and statement of changes in net assets for the period January 1, 2025 to December 31, 2025 (date of liquidation) and for the year ended December 31, 2024.
(6) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025, and statement of changes in net assets for the year ended December 31, 2025 and for the period January 2, 2024 (commencement of operations) to December 31, 2024.
(7) Statement of net assets as of December 31, 2025, statement of operations for the period January 2, 2025 (commencement of operations) to December 31, 2025, and statement of changes in net assets for the period January 2, 2025 (commencement of operations) to December 31, 2025.

Basis for Opinions

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

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

A87

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Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of investments owned as of December 31, 2025 by correspondence with the transfer agents of the investee mutual funds and investee mutual fund. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

New York, New York

April 27, 2026

We have served as the auditor of one or more of the subaccounts of Fortitude Life Insurance & Annuity Company Variable Account B since 2003.

A88