Empire Fidelity Investments Variable Annuity Account A

/s/ Lance A. Warrick

Ari Lindner

Lance A. Warrick

As filed with the SEC on April 30, 2026

Registration No. 333‑127346

Registration No. 811‑06388

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-4

REGISTRATION STATEMENT

UNDER


		THE SECURITIES ACT OF 1933
		Pre‑Effective Amendment No.
		Post-Effective Amendment No. 25		☒

REGISTRATION STATEMENT

UNDER

THE INVESTMENT COMPANY ACT OF 1940


		Amendment No. 123		☒

EMPIRE FIDELITY INVESTMENTS VARIABLE ANNUITY ACCOUNT A

(Exact Name of Registered Separate Account)

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(Name of Insurance Company)

640 Fifth Avenue

New York, New York 10019

(Address of Insurance Company’s Principal Executive Offices)

Insurance Company’s Telephone Number: (800) 544‑8888

ARI LINDNER

President

Empire Fidelity Investments Life Insurance Company

640 Fifth Avenue

New York, New York 10019

(Name and Address of Agent for Service)

Copy to:

MICHAEL BERENSON

MORGAN, LEWIS & BOCKIUS LLP

1111 Pennsylvania Avenue, N.W.

Washington, D.C. 20004

It is proposed that this filing will become effective (check appropriate box):

☒	immediately upon filing pursuant to paragraph (b) of rule 485

☐	on April 30, 2026, pursuant to paragraph (b) of rule 485

☐	60 days after filing pursuant to paragraph (a)(1) of rule 485

☐	on (date) pursuant to paragraph (a)(1) of rule 485 under the Securities Act of 1933 (“Securities Act”).

If appropriate, check the following box:

☐	This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

PROSPECTUS

April 30, 2026

Personal Retirement Annuity

Issued by Empire Fidelity Investments Life Insurance Company^®

(“EFILI”)

Introduction:

The Personal Retirement Annuity (“PRA”) is an individual, deferred, flexible premium variable annuity contract issued by Empire Fidelity Investments Life Insurance Company^® (“EFILI”, the “Company”, “we”, or “us”). The Contract is designed to be purchased with after‑tax money by individual investors who desire to accumulate capital on a tax‑deferred basis for retirement or other long-term purposes. Money may be directed to one or more of the Subaccounts of Empire Fidelity Investments Variable Annuity Account A (the “Variable Account”), each of which invests in a single mutual fund portfolio (a “Fund”). Information about the Funds is provided in Appendix A.

You may authorize a third-party investment advisory firm (the “Advisor”) to make asset allocation decisions and request other transactions within the Contract on your behalf. The Advisor may charge an advisory fee for their services, and this fee would be in addition to the Contract’s fees and expenses. If you elect to pay this advisory fee from the Contract, then this deduction will reduce the Contract Value and Death Benefit and may be subject to federal and state income taxes and a 10% federal penalty tax.

Important Disclosures:

The Contract is a complex investment and involves risks, including risk of loss. It is not a short-term investment and is not suitable for an investor who needs ready access to cash. The taxable portion of a distribution will generally be taxed as ordinary income and may be subject to a penalty tax if received before age 59¹⁄₂.

EFILI’s obligations and guarantees under the Contract are subject to EFILI’s financial strength and claims‑paying ability.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.

If you are a new investor in the Contract, you may cancel your Contract within 10 days of receiving it without paying fees or penalties. If it is a replacement Contract, you have 60 days after you receive it from us to cancel your Contract. Upon cancellation, you will receive a refund of your Initial Purchase Payment, plus or minus the investment performance of your Contract. You should review this prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.

TABLE OF CONTENTS


Glossary			4

Overview of the Contract			6

Important Information You Should Consider About the Contract			8

Fee Tables			12

1. Principal Risks of Investing in the Contract			14

2. EFILI, the Variable Account, the Funds, and the Distributors			15

(a). EFILI and the Variable Account			15
(b). The Funds			15
(c). Selling the Contracts			16
(d). Legal Proceedings			16

3. Purchasing and Contributing to a Contract			16

(a). Purchase of a Contract			16
(b). Special Ownership Considerations			17
(c). Purchase Payments			18

4. Benefits Available Under the Contract			21

5. Making Exchanges Among Subaccounts			25

(a). General Procedures for Making Exchanges			25
(b). Making Exchanges by Telephone or Internet			26
(c). Effective Date of Exchanges Among Subaccounts			26
(d). Market Timing			26
(e). Short-Term Trading Risk			26
(f). EFILI Policies Regarding Frequent Trading			27
(g). Frequent Trading Monitoring and Restriction Procedures			27

6. Making Withdrawals			28

(a). General Withdrawal Procedures			28

7. Income Phase			29

(a). Annuity Date			29
(b). Annuity Income			29

8. Current Charges and Other Deductions			31

(a). Transaction Charges			31
(b). Base Contract Expenses			31
(c). Automatic Contract Charge Deduction			32
(d). Premium Taxes			32
(e). Funds’ Expenses			32
(f). Other Taxes			32
(g). Deduction of Advisory Fees			32

9. Tax Considerations			33

(a). Introduction			33
(b). Taxation of Non‑qualified Annuities in General			34


(c). Tax Consequences to Investors			35
(d). EFILI’s Tax Status			38

10. More Information about the Contract			39

(a). Contract Rights			39
(b). Termination			40
(c). Assignment			40
(d). Notification of Death			40
(e). Proof of Survival			41
(f). Abandoned Property			41
(g). Reports to Owners			41
(h). Signature Guarantee or Customer Authentication			41
(i). Non‑Participating Contract			42
(j). Postponement of Payment			42
(k). Special Provisions for Sales Under Sponsored Arrangements			42
(l). Written Requests Received at the Company			42

11. More Information about the Subaccounts and the Funds			42

(a). Changes in Subaccounts			42
(b). Voting Rights			43
(c). Resolving Material Conflicts			43

Appendix A: Funds Available Under the Contract			44

GLOSSARY

Accumulation Phase - The Accumulation Phase starts when you purchase your Contract and ends on the Annuity Date, when the Income Phase starts.

Accumulation Unit - A unit of interest in a Subaccount.

Accumulation Unit Value - The value of a particular Accumulation Unit at a particular time.

Annuitant or Annuitants - The person(s) designated by the Owner(s) to receive monthly annuity income payments.

Annuity Date - A date selected by the Owner(s) for annuity income payments to begin. This date can be as late as the first day of the calendar month following the oldest Owner’s 90th birthday. Once annuity income payments begin, Owners have no rights in the Contract.

Base Contract Expenses - also referred to as “Contract Charges” - Expenses that we assess daily at an annual effective rate against the assets of each Subaccount, comprised of a Mortality and Expense Risk Charge and an Administrative Charge.

Beneficiary or Beneficiaries - The person or persons who receive proceeds from the Contract if all the Owners die before the Annuity Date.

Code - The Internal Revenue Code of 1986, as amended.

Contract - The annuity contract described in this prospectus.

Contract Anniversary - The same month and day as the Contract Date in each later year.

Contract Date - The date your Contract becomes effective. We show this date in your Contract.

Contract Value - The total amount attributable to a Contract at any time before annuity income payments begin.

Contract Year - A year that starts on the Contract Date or a Contract Anniversary and ends at the close of business on the day before the next Contract Anniversary.

Death Benefit - A benefit equal to the Contract Value that applies if any Owner (or Annuitant for a trust owned Contract) dies before the Annuity Date.

Exchanges - Transfers of values among the Subaccounts.

Free Look Period - The limited period of time after you purchase your Contract that you can cancel it and return it for a refund.

Funds - The mutual fund portfolios in which the Subaccounts invest.

Income Phase - The Income Phase starts on the Annuity Date and represents the period of time the Contract makes annuity income payments.

Non‑qualified Annuity - An annuity contract that does not qualify as an individual retirement annuity under Section 408(b) of the Code.

Owner(s) - also “You” or “you” - The one or two persons who have the ownership rights and privileges under the Contract before the Annuity Date. In general, two people may purchase a Contract only if they are spouses.

Purchase Payment(s) - The amount(s) you invest in a Contract before any deduction for premium taxes. This term includes the Initial Purchase Payment in return for which we issue your Contract and any additional Purchase Payments you make later.

Subaccounts - The divisions of the Variable Account to which you may allocate Contract Value. Each Subaccount invests exclusively in the shares of one Fund.

Total Return - A measure of the investment performance for a Subaccount from one Valuation Period to the next.

Valuation Period - The period of time between one determination of the value of Accumulation Units to the next determination. We make determinations as of the close of business of the New York Stock Exchange (normally 4 p.m. Eastern Time) each day that the Exchange is open for trading.

Variable Account - Empire Fidelity Investments Variable Annuity Account A.

You or you - The one or two persons who own a Contract. Once the Contract is issued, the Owner(s) may not be changed, except that if a Contract has one Owner at the time of issue, that Owner may add a second Owner.

OVERVIEW OF THE CONTRACT

What is this Contract designed to do and who could it be appropriate for?

PRA is designed to provide long-term, tax‑deferred accumulation of assets through investments in a variety of Subaccounts during the Accumulation Phase. It can also supplement your retirement income by providing a stream of income payments during the Income Phase. This Contract may be appropriate if you desire to accumulate assets on a tax‑deferred basis, are already maximizing contributions to employer sponsored plans and IRA accounts and have a long-term investment horizon.

If you elect to pay advisory fees from the Contract to a third-party investment advisory firm, then this deduction will reduce the Contract Value and Death Benefit and may be subject to federal and state income taxes and a 10% federal penalty tax. See 1. Principal Risks of Investing in the Contract.

How do I accumulate assets in this contract and receive income from the Contract?

Your Contract has two phases: 1) an Accumulation Phase; and 2) an Income Phase, beginning on the Annuity Date.

•

Accumulation Phase

To help you accumulate assets, you invest your Purchase Payments in one or more of the Subaccounts. The value of the money you invest in any Subaccount will vary with the performance of the single mutual fund portfolio (the “Fund”) in which the Subaccount invests. Each Fund has its own investment strategies, investment advisers, expense ratios, and returns. Information about the Funds is provided in Appendix A: Funds Available Under the Contract.

•

Income Phase

During the Income Phase, the Contract pays a stream of guaranteed income payments to the Annuitant(s) beginning on the Annuity Date. For a Contract issued to one Owner, we pay monthly fixed annuity income to the Annuitant(s) beginning on the Annuity Date if the Owner is still alive on the Annuity Date. For a Contract issued to two Owners, we pay monthly fixed annuity income if either (1) both Owners are alive on the Annuity Date or (2) one Owner is alive on the Annuity Date and the surviving Owner was the deceased Owner’s spouse at the time of death and elected to continue the Contract as his or her own. However, Owners have no rights once annuity income payments begin.

Income payments continue until all the Annuitants are no longer living, or for 120 monthly payments, whichever is longer. To provide annuity income, on the Annuity Date all Accumulation Units in the Subaccounts are redeemed and the money is transferred to our general account. Thereafter, the Contract’s Death Benefit terminates and there is no ability to make withdrawals.

What are the other primary features of the Contract?

Other primary contract features:

•

Accessing your money: During the Accumulation Phase, you have full access to your money. You can choose to withdraw your Contract Value at any time (although certain withdrawals prior to age 59¹⁄₂ may be subject to a tax penalty equal to 10% of the amount treated as taxable income).

•

Tax treatment: You can Exchange money between Subaccounts without tax implications, and earnings (if any) on your investments are generally tax‑deferred. Earnings, if any, are taxed as ordinary income when received in the form of a withdrawal, annuity income payment, or other form of distribution.

•

Death benefit: Your Contract includes a standard Death Benefit that will pay your designated Beneficiaries the Contract Value if all the Owners die during the Accumulation Phase. Please note poor investment performance and withdrawals can significantly reduce this benefit.

•

Automatic Annuity Builder: At no additional charge, you may use Automatic Annuity Builder to make periodic, pre‑authorized Purchase Payments by electronic funds transfers from your checking or savings account, or by transfers from your Fidelity Investments brokerage account.

•

Dollar Cost Averaging and Automatic Rebalancing: At no additional charge, you may use Dollar Cost Averaging to make automatic monthly Exchanges from either the Government Money Market Subaccount or the Investment Grade Bond Subaccount (the “Source Option”), but not both, to any of the other Subaccounts you select (the “Destination Options”). Alternatively, at no additional charge, you may use Automatic Rebalancing, which on a periodic basis automatically rebalances the Subaccounts you select to help you maintain your specified allocation mix.

•

Systematic Withdrawal Program: At no additional charge, you may use our Systematic Withdrawal Program to schedule periodic withdrawals of at least $100 on a monthly, quarterly, semi-annual, or annual basis.

IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT

FEES, EXPENSES, AND ADJUSTMENTS

Location in

Prospectus

Are There

Charges or

Adjustments

for Early

Withdrawals?

Are There Transaction Charges?

Fee Tables

Are There Ongoing
Fees and Expenses?

Yes, the table below describes the fees and expenses that you may pay each year , depending on the investment options you choose. The Annual Charges do not reflect any advisory fees that may be paid by you to a third-party investment advisory firm from your Contract. If such advisory fees were reflected, the fees and expenses disclosed below would be higher. Please refer to your Contract Schedule page for information about the specific fees you will pay each year based on the options you have elected.

Fee Tables

8. Current

Charges and

Other Deductions

Appendix A: Funds Available Under the Contract

Annual Fee

Minimum

Maximum

Base Contract Expenses

0.25%^1,2

Subaccounts

(Fund fees and expenses)

0.09%³

3.38%³

¹As a percentage of the average Contract Value.

²You will be assessed Base Contract Expenses of 0.10% (hereafter referred to as “lower Contract Charges”) if (1) you purchase a Contract on or after September 7, 2010 with an Initial Purchase Payment of $1,000,000 or more, or (2) your Contract Value equals $1,000,000 or more on or after September 7, 2010 and at that time we are offering the Contract to new applicants at the lower Contract Charges.

³ As a percentage of the net assets of each Subaccount.

FEES, EXPENSES, AND ADJUSTMENTS

Location in

Prospectus

Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year , based on current charges.

Lowest Annual Cost

$327

Highest Annual Cost

$2,986

Assumes

•

Investment of $100,000

•

5% annual appreciation

•

0.25% Base Contract Expenses

•

Least expensive combination of Fund fees and expenses

•

No advisory fees paid to third-party investment advisory firms

•

No additional Purchase Payments, transfers or withdrawals

Assumes

•

Investment of $100,000

•

5% annual appreciation

•

0.25% Base Contract Expenses

•

Most expensive combination of Fund fees and expenses

•

No advisory fees paid to third-party investment advisory firms

•

No additional Purchase Payments, transfers or withdrawals

RISKS

Location in
Prospectus

Is There a Risk of Loss from Poor Performance?

Yes, an investor can lose money by investing in the Contract.

1. Principal Risks of Investing in the Contract

2(a). EFILI and the Variable Account

2(b). The Funds

Is This a Short‑Term Investment?

No, the Contract is not suitable as a short-term investment and is not appropriate for an investor who needs ready access to cash. This is because the benefits of tax deferral are more advantageous to investors with a long-time horizon. Investors with a short time horizon may not benefit. Furthermore, the taxable portion of a distribution will generally be taxed as ordinary income and may be subject to a penalty tax if received before age 59¹⁄₂.

1. Principal Risks of Investing in the Contract

What Are the Risks Associated with the Investment Options?

•

An investment in the Contract is subject to the risk of poor performance of the Subaccount(s).

•

Performance will vary based on the performance of the Subaccount(s) you select.

•

Each Subaccount will have its own unique risks.

•

You should review each Fund’s prospectus carefully before making an investment decision.

1. Principal Risks of Investing in the Contract

2(a). EFILI and the Variable Account

2(b). The Funds

RISKS

Location in
Prospectus

What Are the Risks Related
to the Insurance Company?

The Contract is issued by and subject to the risks related to Empire Fidelity Investments Life Insurance Company (“EFILI, “we”, or “us”). The obligations, guarantees, and benefits of the Contract are subject to EFILI’s claims-paying ability. EFILI has an A+ Financial Strength Rating from AM Best as of March 5, 2026.

1. Principal Risks of Investing in the Contract

2(a). EFILI and the Variable Account

RESTRICTIONS

Location in
Prospectus

Are There Restrictions on the Investment Options?

Yes, the following restrictions may apply:

•

During all or part of the Free Look Period, we reserve the right to invest your Purchase Payments in the Government Money Market Subaccount.

•

You cannot exchange less than $250 from any Subaccount except that if you have less than $250 in a Subaccount you may exchange the entire amount.

•

Contract Owners who engage in frequent Exchanges may be subjected to temporary or permanent restrictions on future purchase transactions or Exchanges.

•

We have the right to eliminate Subaccounts, to combine two or more Subaccounts, or to substitute a new mutual fund for the mutual fund in which a Subaccount invests.

3(a). Purchase of a Contract

5(a). General Procedures for Making Exchanges

5(f). EFILI

Policies Regarding Frequent Trading

11(a). Changes in Subaccounts

Are There Any Restrictions on Contract Benefits?

Yes, there are:

•

We will not pay any Beneficiary their portion of the Death Benefit until we have determined the number of Beneficiaries entitled to receive payment and received all required forms in good order.

•

We reserve the right to modify or terminate certain benefits available under the Contract.

4. Benefits Available Under the Contract

TAXES

Location in
Prospectus

What Are the Contract’s
Tax Implications?

•

The Contracts are not offered in connection with Individual Retirement Accounts (“IRAs”) or qualified plans of any kind.

•

Consult with a tax professional to determine the tax implications of an investment in and payments received under this Contract.

•

Under current law, you will not be taxed on increases in the value of your Contract until a distribution occurs. The taxable portion of a distribution will generally be taxed as ordinary income. A penalty tax equal to 10% of the amount treated as taxable income may be imposed on distributions received before age 59¹⁄₂.

1. Principal Risks of Investing in the Contract

3(a). Purchase of a Contract

9. Tax Considerations

CONFLICTS OF INTEREST

Location in
Prospectus

How Are Investment Professionals Compensated?

Your investment professional may receive compensation for selling this Contract to you in the form of commissions. This financial incentive may influence your investment professional to recommend this Contract over another investment.

2(b). The Funds

2(c). Selling the Contracts

Should I Exchange My Contract?

Your investment professional may have a financial incentive to offer you a new contract in place of the one you own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing contract, that it is better for you to purchase the new contract rather than continue to own your existing contract.

“Replacement of Contracts” under

3(a). Purchase of a Contract

FEE TABLES

The following tables describe the fees and expenses that you will pay while you own the Contract. Please refer to your Contract Schedule page for information about the specific fees you will pay each year based on the options you have elected. These tables do not reflect any advisory fees that may be paid by you to a third-party investment advisory firm from the Contract. If such advisory fees were reflected, the fees and expenses disclosed below would be higher.

The first table describes the fees and expenses that you will pay at the time that you transfer Contract Value between Subaccounts.


Transaction Expenses	Current Charge	Maximum Charge
Transfer Fee	None	$15.00^A

Although we do not currently intend to charge for Exchanges, we reserve the right to impose a charge if you make Exchanges on more than six days during a calendar year. The charge will be not more than $15 for each additional day on which you make an Exchange. If your only Exchange on a given day results from Dollar Cost Averaging or Automatic Rebalancing this will not count against the six‑day limit.

The next table describes the fees and expenses that you will pay each year during the time that you own the Contract (not including Fund fees and expenses).


Annual Contract Expenses		Maximum Charge
Base Contract Expenses^1,2 (as a percentage of the average Contract Value)		0.25%

¹	Base Contract Expenses are the total of two separate charges, a Mortality and Expense Risk Charge and an Administrative Charge. You may also see Base Contract Expenses referred to as “Total Separate Account Annual Expenses”.

You will be assessed Base Contract Expenses of 0.10% (hereafter referred to as “lower Contract Charges”) if (1) you purchase a Contract on or after September 7, 2010, with an Initial Purchase Payment of $1,000,000 or more, or (2) your Contract Value equals $1,000,000 or more on or after September 7, 2010, and at that time we are offering the Contract to new applicants at the lower Contract Charges (See 8(c). Automatic Contract Charge Reduction). Contracts funded with Purchase Payments from different sources (e.g., other annuity contracts or investments) will be issued with the lower Contract Charges only if the amount of the Initial Purchase Payment applied to the Contract on the Contract Date is $1,000,000 or more and is received by us on or after September 7, 2010.

We reserve the right to terminate the lower Contract Charges for new applicants at any time. We also reserve the right to terminate the availability of the lower Contract Charges to existing Owners in the event we decide to cease offering the lower Contract Charges to new applicants. You should not purchase a Contract based on the expectation that we will still be offering new Contracts at the lower Contract Charges if your Contract Value reaches $1,000,000 or more at some time in the future.

The next item shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of Funds available under the Contract, including their annual expenses, may be found at the back of this document.


Annual Portfolio Company Expenses	Minimum	Maximum
(expenses that are deducted from Fund assets, including management fees, distribution and/or service (12b‑1) fees, and other expenses)	0.09%	3.38%
(expenses that are deducted from Fund assets, including management fees, distribution and/or service (12b‑1) fees, and other expenses after any waivers or expense reimbursements)	0.09%	3.19%¹

¹	This reflects temporary reductions to Fund expenses.

Example

This example is intended to help you compare the cost of investing in the Contract with the cost of investing in other annuity contracts that offer variable options. These costs include annual Contract expenses and annual Fund expenses, but do not reflect any advisory fees that may be paid by you to a third-party investment advisory firm from the Contract. If such fees were reflected, the below expenses would be higher.

This example assumes that you invest $100,000 in the Contract for the time periods indicated. The example also assumes that your investment has a 5% return each year, 0.25% Base Contract Expenses, and the maximum annual Fund expenses. Although your actual costs may be higher or lower, based on these assumptions, your costs would be as shown immediately below, regardless of whether you annuitize, make a full withdrawal, or continue your Contract at the end of each of the periods shown:


1 year	3 years	5 years	10 years
$3,655	$11,115	$18,782	$38,886

1. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT

Risk of Loss: The value of the money you invest in any Subaccount will vary with the investment performance of the single Fund in which the Subaccount invests. There is a risk of loss of the entire amount invested. Values may increase, decrease, or stay the same. You bear the investment risk. You should review each Fund’s prospectus carefully before making an investment decision.

Not A Short-Term Investment: The Contract is not suitable as a short-term investment and is not appropriate for an investor who needs ready access to cash. This is because the benefits of tax deferral are more advantageous to investors with a long-time horizon. Investors with a short time horizon may not benefit. Furthermore, adverse tax consequences may result from withdrawals prior to age 59¹⁄₂.

Possibility of Adverse Tax Consequences: A penalty tax equal to 10% of the amount treated as taxable income may be imposed on distributions received before age 59¹⁄₂.

Not appropriate for Certain Individuals: Investors who may benefit from this Contract are individuals who have maximized contributions to traditional tax‑deferred savings vehicles and are seeking additional opportunities to invest long-term on a tax‑deferred basis. The contract is generally not appropriate for investors who have not maximized contributions to other traditional tax‑deferred savings vehicles available to them, such as individual

retirement accounts (IRAs) and employer sponsored plans. This is because these savings vehicles already provide tax‑deferral, but, unlike annuity contracts, they are not subject to a Base Contract Expense and certain other charges unique to annuity contracts. While there are higher cost annuity contracts that provide insurance benefits not available in traditional tax‑deferred savings vehicles, this annuity Contract provides limited insurance benefits (primarily the ability to annuitize and receive income payments for life).

Potential Harmful Fund Transfer Activity: Frequent Exchanges among Subaccounts by Contract Owners can reduce the long-term returns of the Funds. The reduced returns could adversely affect the owners, annuitants, insureds or beneficiaries of any variable annuity or variable life insurance contract issued by any insurance company with respect to values allocated to the Fund. Frequent Exchanges may reduce a Fund’s performance by increasing costs paid by the Fund (such as brokerage commissions); they can disrupt portfolio management strategies; and they can have the effect of diluting the value of the shares of long-term shareholders in cases in which fluctuations in markets are not fully priced into the Fund’s net asset value. EFILI has adopted policies designed to discourage frequent trading. See 5. Making Exchanges Among Subaccounts for more information.

Insurance Company Risks: The Contract is issued by and subject to the risks related to Empire Fidelity Investments Life Insurance Company (“EFILI, “we”, or “us”). The obligations, guarantees, and benefits of the Contract are subject to EFILI’s claims-paying ability. If EFILI experiences financial distress, it may not be able to meet its obligations – annuity income payments guaranteed under the Contract could be especially at risk.

Potential Impact of Any Fees You Pay to Third-Party Investment Advisory Firms: You may authorize a third‑party investment advisory firm (the “Advisor”) to make asset allocation decisions and request other transactions within the Contract on your behalf. The Advisor may charge an advisory fee for their services, and this fee would be in addition to the Contract’s fees and expenses. If you elect to pay this advisory fee from the Contract, then this deduction will reduce the Contract Value and Death Benefit and may be subject to federal and state income taxes and a 10% federal penalty tax.

Contract Changes Risk: There is the risk that in the future we will exercise our right to change certain fees or features of the Contract, including the following:

•

We may limit the amount of any Initial or Additional Purchase Payment.

•

We reserve the right to terminate the availability of the lower Contract Charges (0.10%) to existing Owners in the event we decide to cease offering the lower Contract Charges to new applicants.

•

We reserve the right to limit exchanges, and to charge as much as $15.00 for each exchange in excess of six per calendar year.

•

We reserve the right to eliminate Subaccounts, to combine two or more Subaccounts, or to substitute a new mutual fund for the mutual fund in which a Subaccount invests.

•

We may modify or terminate certain Contract features such as dollar cost averaging, automatic rebalancing, and the systematic withdrawal program.

2. EFILI, THE VARIABLE ACCOUNT, THE FUNDS, AND THE DISTRIBUTORS

2(a). EFILI and the Variable Account

EFILI: The Contract is issued by EFILI. EFILI is part of Fidelity Investments, a group of companies that provides investment management and other financial services. EFILI is a wholly-owned subsidiary of Fidelity Investments Life Insurance Company. Fidelity Investments Life Insurance Company is a wholly-owned subsidiary of FMR LLC, the parent company of the Fidelity companies. The lifetime annuity income payments made under the Contract are subject to our claims-paying ability and financial strength. We have an A+ Financial Strength Rating from AM Best as of March 5, 2026.¹ EFILI’s principal executive offices are located at 640 Fifth Ave, New York, New York 10019. The address of EFILI’s Annuity Service Center is P.O. Box 770001, Cincinnati, Ohio 45277-0051.

The Variable Account: Empire Fidelity Investments Variable Annuity Account A is a separate account used to support the Contract and other forms of variable annuity contracts issued by EFILI, and for other purposes permitted by law. We are the legal owner of the assets of the Variable Account. However, income, gains, and losses credited to, or charged against, the Variable Account reflect the Variable Account’s own investment experience and not the investment experience of any of our other assets. The assets of the Variable Account may not be used to pay any of our liabilities other than those arising from the Contracts. The assets in the Variable Account will always be at least equal to the reserves and other liabilities of the Variable Account. If the assets exceed the required reserves and other liabilities, we may transfer the excess to our general account. We are obligated to pay all amounts promised to investors under the Contracts.

Financial Statements: EFILI’s financial statements and the financial statements of the Variable Account appear in the Statement of Additional Information (“SAI”).

¹ Financial strength ratings are opinions from independent rating agencies of an insurer’s financial strength and ability to pay its insurance policies and contract obligations. They are not recommendations to purchase, hold or terminate any insurance policy or contract issued by an insurer, nor do they address the suitability of any particular policy or contract for a specific purpose or purchaser. AM Best Ratings range from A++ to F and are subject to change.

2(b). The Funds

Each Subaccount in the Variable Account invests exclusively in the shares of a single Fund. Each Fund is part of a trust that is registered with the SEC as an open‑end management investment company under the Investment Company Act of 1940 (the “1940 Act”). This registration does not involve supervision of the management or investment practices or policies of the Funds by the SEC. Each Fund’s assets are held separate from the assets of the other Funds, and each Fund has investment objectives and policies that are different from those of the other Funds. Thus, each Fund operates as a separate investment fund, and the income and losses of one Fund have no effect on the investment performance of any other Fund. In addition, the names and investment objectives of the Funds may be similar to those of other funds available through the same investment advisor; however, the performance of such funds may differ significantly.

EFILI or its insurance agency affiliate receives annual compensation of up to 0.45% of assets allocated to the Funds for customer service, distribution, and recordkeeping services with respect to those assets. This compensation is received from the Funds’ advisors or their affiliates. These payments are not contract charges, and do not increase Fund or contract charges.

Investments by the Subaccounts in securities of foreign issuers may result in a foreign investment tax credit which we will claim on our federal income tax filings.

Where to Find More Information on the Funds: Information regarding each Fund including its name, investment objective, investment advisers, subadvisers, current expenses, and performance is available in Appendix A: Funds Available Under the Contract. In addition, each Fund has issued a prospectus that contains more detailed information about the Fund. Investors may obtain paper or electronic copies of a Fund prospectus by calling 1‑800‑634‑9361 or visiting www.dfinview.com/Fidelity/PUFT/PRA.

2(c). Selling the Contracts

Fidelity Brokerage Services LLC (“FBS”) and Fidelity Insurance Agency, Inc. (“FIA”) distribute the Contracts. FBS is the principal underwriter. Both FBS and FIA are affiliates of us and subsidiaries of FMR LLC, our parent company. Fidelity Distributors Company LLC (“FDC”) is the distributor of the Fidelity family of funds. The principal business address of FBS and FDC is 900 Salem Street, Smithfield, Rhode Island 02917.

We pay FIA first year compensation of not more than 3% of the Purchase Payments received for marketing and distribution.

2(d). Legal Proceedings

Neither the Registrant, the Registrant’s principal underwriter nor the Depositor is a party to any material pending legal proceedings.

3. PURCHASING AND CONTRIBUTING TO A CONTRACT

3(a). Purchase of a Contract

Application and Initial Purchase Payment: You must complete an application to purchase any Contract.

You may purchase a Contract with money from any source, but you should generally not purchase a Contract with money from a plan qualified under section 401(a) of the Code, a 403(b) mutual fund account or a 403(b) tax sheltered annuity, a governmental 457(b) plan or an IRA.

To purchase a Contract, you must generally make an Initial Purchase Payment of at least $10,000. Also, if you are purchasing a Contract by exchanging one or more annuity contracts or life insurance policies, you may purchase the Contract with a combination of (1) a check or other form of immediate payment of at least $250 and (2) assignment of your existing annuity contract or life insurance policy. The total value of the immediate payment and the existing annuity contract or life insurance policy must be at least $10,000.

For Contracts owned by individuals, all Owners must be age 80 or younger upon purchase, except that if the Contract is purchased in an exchange under section 1035 of the Internal Revenue Code, all Owners must be age 85 or younger upon purchase. For Contracts owned by either a revocable grantor trust or a charitable remainder trust, the Annuitant must be age 80 or younger upon purchase, except that if the Contract is purchased in an exchange under section 1035 of the Internal Revenue Code, the Annuitant must be age 85 or younger upon purchase.

Once we receive your completed application in a form acceptable to us, we will apply the Initial Purchase Payment to the purchase of a Contract within two business days after we receive the application and Initial Purchase Payment at our Annuity Service Center. The address of our Annuity Service Center is P.O. Box 770001, Cincinnati, Ohio 45277-0051. The date that we credit your Initial Purchase Payment and your Contract becomes effective is called the Contract Date.

If we receive an incomplete application, or one that is not in an acceptable form, we will request the information needed to complete the application. If your application remains incomplete or otherwise unacceptable for five business days, we will return your Initial Purchase Payment unless we obtain your specific permission to retain it pending completion or revision of your application.

Replacement of Contracts: You can generally exchange a Non‑qualified Annuity contract for another in a “tax‑free exchange” under Section 1035 of the Internal Revenue Code. Before making an exchange, you should compare both annuities carefully. Remember that if you exchange or transfer another annuity for the one described in this prospectus, then you may pay a surrender charge on the existing annuity, charges may be higher (or lower), and the benefits may be less (or more) advantageous. You should not exchange another annuity for this one unless you determine, after knowing all the facts, that the exchange or transfer is in your best interest and not just better for the person trying to sell you the Contract (that person will generally be compensated if you buy the Contract through an exchange or otherwise).

Verification of Your Identity: To help the government fight the funding of terrorism and money-laundering activities, federal law requires Fidelity to verify your identity by obtaining your name, date of birth, legal address, and a government-issued identification number before opening your contract. In certain circumstances, Fidelity may obtain and verify this information with respect to any person(s) authorized to effect transactions in a contract. For certain entities, such as trusts, estates, corporations, partnerships, or other organizations, identifying documentation is also required. Your Contract may not be issued if Fidelity cannot verify this information. Fidelity will not be responsible for any losses or damages (including but not limited to lost opportunities) resulting from any failure to provide this information.

Free Look Privilege: When this Contract is issued, you have 10 days after you receive it from us to examine it (the “Free Look Period”). Unless it is a replacement Contract, in which case you have 60 days after you receive it from us to examine it. You can cancel the Contract for any reason during the Free Look Period by returning it to us at our Annuity Service Center. If you do, the Contract will be canceled and will be void from the beginning.

We will promptly refund the amount of your Initial Purchase Payment, plus or minus the investment performance of the Contract. If your Free Look Period ends on a non‑business day, the next business day will be used.

3(b). Special Ownership Considerations

1035 Exchanges of Beneficiary Inherited Annuity Contracts: If you are a non‑spouse beneficiary of a

non‑qualified deferred annuity contract issued by another insurance company (“Source Contract”), you may purchase a Personal Retirement Annuity Contract via a tax‑free exchange pursuant to Section 1035 of the Code provided:

•

The original owner of the Source Contract is deceased;

•

You exchange one hundred percent (100%) of your interest in the Source Contract;

•

You are eligible to receive payments in accordance with Section 72(s)(2) of the Code and implementing regulations (“Stretch Payments”), and have not yet started such payments; and

•

You fulfill any other requirements that we require to ensure we can administer the Contract in compliance with the Code.

The non‑spouse beneficiary of the Source Contract becomes, upon issuance, the sole Owner and Annuitant of this Contract, and changes to the Owner and Annuitant are not permitted. Since we issue such Contracts solely to

distribute Stretch Payments required by the Code, no additional Purchase Payments are allowed and no annuity income payments are made on the Annuity Date. Other than the Stretch Payments that we will distribute to you, the only other way you may access your Contract Value is by making a complete withdrawal, at which time the Contract will terminate. Upon your death, your Beneficiary(ies) will be paid his or her share of the Contract Value in a single lump‑sum payment upon receipt in good order at the Annuity Service Center of written proof of death and any other required forms. The Contract will terminate upon such payment(s).

Contracts Owned by Trusts: As a general rule, Contracts owned by “non‑natural persons” such as trusts, are not treated as annuity contracts for federal tax purposes. See Non‑natural Owner under 9(b). Taxation of Non‑qualified Annuities In General.

If you apply to have the Contract owned by a trust, you should only do so after consulting with a tax advisor to make sure that the trust will be owning the Contract as an agent for a natural person. If, after purchasing the Contract, the trust is changed so that the trust no longer owns the Contract as agent for a natural person, the Contract will no longer be treated as an annuity under the Internal Revenue Code and any income earned by the Contract will be taxable to the trust as ordinary income.

We will issue Contracts to trusts if the trustee represents to us in writing that the trust holds the Contract as agent for one or more natural persons and that the beneficiaries of the trust are natural persons. We will require the trustee to agree in writing to (i) notify us if there are any changes to the trust that would cause the trust to no longer hold the Contract as agent for a natural person or if the trust beneficiaries are changed so that not all trust beneficiaries are natural persons and (ii) authorize us to surrender the Contract since the Contract will no longer be treated as an annuity contract under section 72 of the Internal Revenue Code.

The only other kind of trust we will issue the Contract to is a charitable remainder trust that is established under the Internal Revenue Code and regulations.

Contracts Owned Under UGMA/UTMA Arrangements: A Contract may be purchased pursuant to the provisions of the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act. For such Contracts, at issue (1) the minor must be the sole Owner, (2) the minor must be the only Annuitant, and (3) the sole Beneficiary must be the minor’s estate. While the custodial arrangement is still in effect, the Annuitant may not be changed and an additional Annuitant may not be added.

When the minor reaches the age at which the applicable UGMA or UTMA statute provides that custodianship terminates, it is the custodian’s responsibility to reregister the Contract, changing the ownership from the custodial arrangement to ownership in the name of the former minor. If the Contract is not reregistered prior to the applicable date, we may restrict activity in the account.

3(c). Purchase Payments

Contributing to a Contract: You may add money to a Contract before the Annuity Date if all the Owners are still living. The smallest additional Purchase Payment we will accept is generally $250. If your Contract is issued to two Owners and one Owner dies before the Annuity Date, we will not accept additional Purchase Payments unless the surviving Owner was the spouse of the deceased Owner at the time of death and elected to continue the Contract as his or her own. You may also make regular monthly additional Purchase Payments of at least $100 by authorizing your bank to make regular transfers to us from your checking or savings account, or by authorizing regular transfers from your Fidelity Investments brokerage account. See Automatic Annuity Builder under 4. Benefits Available Under the Contract.

You may make a telephone, mail, or Internet request to make an additional Purchase Payment by moving money from your Fidelity mutual fund or Fidelity brokerage “core” account, or other eligible Fidelity Investments accounts. You may also request to make an additional Purchase Payment by moving money from your bank account. Any Contracts and accounts between which money will be transferred must have at least one owner’s name in common.

An additional Purchase Payment that you invest in any Subaccount(s) will be credited to your Contract based on the next computed Accumulation Unit Value(s) for those Subaccount(s) after we receive your payment at our Annuity Service Center. See Accumulation Units below.

We may limit the amount of any Initial or Additional Purchase Payment. We also reserve the right to reject Purchase Payments made with cash-like instruments including, but not limited to money orders, cashier’s checks, bank drafts, postal money orders and Traveler’s Express international money orders.

We may also offer Contracts with lower minimum payment requirements to individuals under certain sponsored arrangements that meet our eligibility requirements. See 10(k). Special Provisions for Sales Under Sponsored Arrangements.

Investment Allocation of Your Purchase Payments: You choose how to allocate your Purchase Payments among the Subaccounts and the percentage to be allocated to each.

For the Initial Purchase Payment, you choose the allocation on the application.

For any additional Purchase Payment, you may send written allocation instructions to us at our Annuity Service Center. You may also provide instructions through our website, www.fidelity.com, but only if they are in accordance with our then current rules. We do not accept instructions by fax. You may indicate whether your allocation instructions apply (1) only to the current additional Purchase Payment or (2) to the current additional Purchase Payment and all future additional Purchase Payments. If you do not indicate that your instructions apply to all future additional Purchase Payments then we will apply them only to the current additional Purchase Payment.

Instructions may be expressed in dollars or in percentages. All percentages must be in whole numbers, not decimals or fractions. If you give us instructions that in our judgment are unclear or incomplete, your Purchase Payment and any future Purchase Payments to which those instructions apply will be allocated to the Government Money Market Subaccount until we receive instructions that are clear and complete. Instructions may be unclear or incomplete if percentage allocations do not total 100% or for some other reason. In the case of incomplete or unclear instructions, we will not be responsible for changes in unit values or for lost market opportunities.

You should verify the accuracy of your transaction confirmations and statements immediately after you receive them. If you find a discrepancy with regard to a particular transaction you should notify the Annuity Service Center promptly. We will not be responsible for losses unless you notify us within ten calendar days from the first time we mail a confirmation or statement with details of the transaction.

Accumulation Units: We credit your payments allocated to the Subaccounts in the form of Accumulation Units. The number of Accumulation Units credited to each Subaccount is determined by dividing the net payment allocated to that Subaccount by the Accumulation Unit Value for that Subaccount as of the end of the Valuation Period during which the Purchase Payment is received at our Annuity Service Center. Accumulation Units are adjusted for any exchanges or transfers into or out of a Subaccount. Withdrawals from the Contract, including any withdrawals you take to pay advisory fees to a third-party investment advisory firm, will result in the cancellation of Accumulation Units.

For each Subaccount the Accumulation Unit Value for the first Valuation Period of the Subaccount was set at $10. The Accumulation Unit Value for each subsequent Valuation Period is the Net Investment Factor for that period, multiplied by the Accumulation Unit Value for the immediately preceding Valuation Period. The Accumulation Unit Value may increase or decrease from one Valuation Period to the next.

Each Subaccount has a Net Investment Factor (also referred to as the “Total Return”). The Net Investment Factor is an index that measures the investment performance of a Subaccount from one Valuation Period to the next. The Net Investment Factor for each Subaccount for a Valuation Period is determined by adding (a) and (b), subtracting (c) and then dividing the result by (a) where:

(a)

Is the value of the assets of the Subaccount at the end of the preceding Valuation Period;

(b)

Is the investment income and capital gains, realized or unrealized, credited to the Subaccount during the current Valuation Period;

(c)

Is the sum of:

(1)

The capital losses, realized or unrealized, charged during the current Valuation Period plus any amount charged or set aside for taxes during the current Valuation Period;

PLUS

(2)

The deduction from the Subaccount during the current Valuation Period representing a daily charge equivalent to an effective annual rate of the Base Contract Expenses as shown in the Fee Tables.

The Net Investment Factor may be greater than or less than one. If it is greater than one, the Accumulation Unit Value will increase; if less than one, the Accumulation Unit Value will decrease.

Shares of the Funds are valued at their net asset values. Any dividends or capital gains distributions from a Fund are reinvested in that Fund.

For administrative purposes, if your Contract qualifies for an Automatic Contract Charge Reduction, we will recalculate the number of Accumulation Units in your Contract on the later of (i) the Valuation Period ending on December 13, 2010 or (ii) the Valuation Period following the Valuation Period in which your Contract qualified for the Automatic Contract Charge Reduction. We do this because the Accumulation Units that were credited to your Contract prior to the Automatic Contract Charge Reduction were determined using the higher Contract Charges. When you qualify for an Automatic Contract Charge Reduction, we will convert the number of Accumulation Units that were credited to your Contract prior to the Automatic Contract Charge Reduction to determine a new number of Accumulation Units to reflect the lower Contract Charges that will apply to your Contract after the Automatic Charge Reduction.

Purchase Payments Made With Returned Checks Or Unfunded Electronic Funds Transfers: If you make a Purchase Payment with a check that is returned to us unpaid due to insufficient funds or for any other reason, or if your Purchase Payment is made by an electronic funds transfer that is later reversed due to lack of funds in the bank account from which the transfer was made or for any other reason, we will (1) reverse the transaction; and (2) if the reversal results in a loss of more than $1,000 to us, redeem a sufficient number of Accumulation Units from the Subaccounts at the current Accumulation Unit Values to provide us with an amount equal to the loss. Money will be taken proportionately from all of the Subaccounts in which you are invested. If there is not sufficient value in the Subaccounts we may take legal action against you to recover any remaining losses we have incurred. Any redemption we make under this provision may result in a taxable event to you, just as for any other withdrawal.

4. BENEFITS AVAILABLE UNDER THE CONTRACT

The following table summarizes information about the benefits available under the Contract. A detailed description of each benefit follows the table.

Standard Benefits


Name of Benefit	Purpose	Maximum Fee	Brief Description of Restrictions/Limitations
Death Benefit	Upon death of an Owner (or Annuitant in the case of a trust owned contract) prior to the Annuity Date, provides a benefit to the Beneficiary(ies). The Death Benefit is the then-current Contract Value on the date we receive due proof of death and all of our required forms fully completed.	None	There is no guaranteed minimum death benefit. We will not pay any Beneficiary until we have determined the number of Beneficiaries entitled to receive payment. Any advisory fees you pay from the Contract to a third-party investment advisory firm will be treated as a withdrawal and, like any other withdrawal, will reduce the Contract Value and Death Benefit.
Automatic Annuity Builder	Allows for periodic, pre‑authorized Purchase Payments from a checking or savings account, or a Fidelity Investments brokerage account.	None	Minimum transfer amount is $100. We reserve the right to restrict participation if there is insufficient funds to complete a transfer.
Dollar Cost Averaging	Allows for automatic monthly Exchanges from one of two Subaccounts (the Source Options) to any other Subaccount (the Destination Option).	None	Minimum transfer amount is $250. May not be used at the same time as Automatic Rebalancing. We reserve the right to modify or terminate this benefit.
Automatic Rebalancing	Helps to maintain a specified allocation mix among Subaccounts.	None	May not be used at the same time as Dollar Cost Averaging. We reserve the right to modify or terminate this benefit.
Systematic Withdrawal Program	Allows for periodic withdrawals of at least $100 on a monthly, quarterly, semi-annual, or annual basis.	None	Contract Value must be at least $10,000 to begin this program. We reserve the right to modify or terminate this benefit.

Death Benefit:

What is the Death Benefit?

The Death Benefit is a benefit that is triggered if any Owner dies before the Annuity Date. The Death Benefit is the then-current Contract Value on the date we receive due proof of death and all of our required forms fully completed. If the Contract is owned by a trust, then the death of an Annuitant is treated as the death of an Owner. In the event of the death of an Owner who is also an Annuitant, the provisions of the Contract regarding the death of the Owner control and override any inconsistent provisions regarding the death of the Annuitant. The Death Benefit is included in your Contract for no additional charge.

The Contract does not guarantee a minimum Death Benefit.

Any advisory fees you pay from the Contract to a third-party investment advisory firm will be treated as a withdrawal and, like any other withdrawal, will reduce the Contract Value and Death Benefit and may be subject to federal and state income taxes and a 10% federal penalty tax.

Who has the right to the Death Benefit?

The Beneficiary(ies) designated in the Contract has the right to the Death Benefit. The Beneficiary(ies) is the person(s) to whom proceeds of the Contract pass by reason of the death of the Owner(s) (or Annuitant in the case of a trust owned contract). If a Contract has two Owners and one Owner dies before the Annuity Date, the surviving Owner is treated as the Beneficiary over any other Beneficiaries. If the Owner(s) fails to designate a Beneficiary prior to death, in most cases the estate will be deemed the Beneficiary, in which case the Death Benefit must be administered through the probate process.

What are the different options for receiving the Death Benefit?

Listed below are the settlement options that EFILI makes available to receive the Death Benefit. The settlement options available are driven primarily by federal tax law that the Contract must comply with to qualify as an annuity for tax purposes.


Settlement Option	Description	Beneficiary Restrictions
5 Year Distribution	Entire interest in the Contract must be withdrawn no later than five years from the date of death. In the event state escheatment laws require escheatment to the state before five years from the date of death, a Beneficiary may not have the full five-year distribution period to withdraw the Contract Value as described in the Contract. See 10(f). Abandoned Property.	No restrictions
Annuitization	Entire interest in the Contract is payable over the Beneficiary’s or surviving Owner’s lifetime by electing annuitization within 60 days of the date of death, with distributions beginning within one year of the date of death. A Beneficiary who elects this option gives up future access to the Contract Value in exchange for a guaranteed stream of income.	Beneficiary must be a natural person


Settlement Option	Description	Beneficiary Restrictions
Stretch Benefit	Entire interest in the Contract is paid over a period not extending beyond the Beneficiary’s life expectancy in systematic withdrawals with distributions beginning within one year of the date of death. Under this option the Beneficiary cannot make ad hoc partial withdrawals but can make a complete withdrawal of the remaining Contract Value at any time.	Beneficiary must be: (i). a natural person and (ii). not a spouse of the deceased Owner
Continuation of Contract	Continue the Contract, or their portion of the Contract, as the Owner. Will be treated as having been the sole Owner from the Contract Date, except that he or she will not be able to add a second Owner. Will be able to change the Annuity Date to a date as late as the first day of the calendar month following his or her 90th birthday.	Beneficiary must be spouse of deceased Owner Federal tax law does not allow a civil union partner to continue the Contract as his or her own.

How are Beneficiaries designated in the Contract?

The Owner(s) designate(s) a Beneficiary or Beneficiaries in the application and can change Beneficiaries prior to death.

Owner(s) must indicate in percentages what portion of the Contract each Beneficiary is to receive. If the total does not equal 100%, each Beneficiary’s share will be determined by using a fraction, the numerator of which is the stated percentage for that Beneficiary, and the denominator of which is the total of the percentages indicated by the Owner(s).

Beneficiary designations must be in a form acceptable to us. We reserve the right to reject any Beneficiary designation that we deem unable to administer, which may include designations that contain contingencies that could delay payment or designations that would require us to refer to external documents or the outcome of legal proceedings.

What is the process for claiming the Death Benefit?

Before we make a payment to any Beneficiary, we must receive at our Annuity Service Center due proof of death (generally a death certificate) for each Owner and any required tax withholding and other forms. We may seek to obtain a death certificate directly from the appropriate governmental body if we believe that any Owner may have died.

At the close of the Valuation Period in which we receive the death certificate(s), we will transfer to the Government Money Market Subaccount any portion of the Contract Value that is in the other Subaccounts. Once we have determined the number of Beneficiaries who will share in the Contract Value, a Beneficiary who has returned all required documentation to us (including tax withholding and other forms) will be able to transfer his or her share of the Contract Value among the Subaccounts.

We will not pay any Beneficiary until we have determined the number of Beneficiaries entitled to receive payment. This is to prevent us from overpaying one Beneficiary before making payment to other Beneficiaries.

Once we have received due proof of death and have determined the number of Beneficiaries to be paid, we will, upon request, pay any Beneficiary who has provided us with required tax withholding and/or any other forms we may require. Upon paying a Beneficiary their entire interest in the Contract, we will have no further obligations to that Beneficiary. If the Contract Value for any one Beneficiary is less than $5,000, then we will send that Beneficiary their entire portion of the Contract Value as soon as we have received all required documentation.

If a Beneficiary has been designated to receive a specified fraction of the Contract Value, we will pay that fraction as determined on the date of payment. For example, if there are two Beneficiaries and each is designated to receive 50%, the first Beneficiary to receive payment would receive 50% of the Contract Value on the date the payment is made, and the other Beneficiary would later receive the remainder, which might be worth more or less than what was paid to the first Beneficiary.

If a Beneficiary survives all the Owners but does not live long enough to receive payment from us, we will pay the Beneficiary’s estate.

Automatic Annuity Builder

An optional benefit you may elect for no additional charge, Automatic Annuity Builder allows you to make periodic, pre‑authorized Purchase Payments by electronic funds transfers from your checking or savings account, or by transfers from your Fidelity Investments brokerage account. Your bank account must be at a banking institution which is a member of the Automated Clearing House. The minimum amount for each periodic transfer is $100. We may reduce this minimum for Contracts issued under certain sponsored arrangements. Transactions pursuant to the Automatic Annuity Builder will be reported in your quarterly statements rather than confirmations. We reserve the right to restrict your participation in Automatic Annuity Builder if on the scheduled date of any pre‑authorized transfer there is not enough money in your checking or brokerage account to complete the transfer. You may select any day of the month from the 1st to the 28th as the day your automatic deductions will take place. If the New York Stock Exchange is not open on a day that is scheduled for an automatic deduction, the transaction will take place on the next day the New York Stock Exchange is open for trading.

Dollar Cost Averaging

An optional benefit you may elect for no additional charge, Dollar Cost Averaging allows you to make automatic monthly Exchanges from either the Government Money Market Subaccount or the Investment Grade Bond Subaccount (the “Source Option”), but not both, to any of the other Subaccounts you select (the “Destination Options”). The minimum monthly transfer to each Destination Option is $250. You may change your Source Option and your Destination Options at any time, by calling us or by sending written notice to our Annuity Service Center.

You may select any day of the month from the 1st to the 28th as the day your Dollar Cost Averaging transactions will take place each month. If the New York Stock Exchange is not open on the scheduled day in a particular month, the Exchange will take place on the next day the New York Stock Exchange is open for trading.

If your balance in the Source Option on a transfer date is less than the amount to be transferred to the Destination Option(s), we will transfer all the money in the Source Option to the Destination Options proportionately, and your participation in the program will automatically terminate.

You may cancel Dollar Cost Averaging at any time by calling us or sending written notice to the Annuity Service Center.

You cannot use Dollar Cost Averaging at the same time that you use Automatic Rebalancing, which is described immediately below. We reserve the right to modify or terminate Dollar Cost Averaging.

Automatic Rebalancing

An optional benefit you may elect for no additional charge, Automatic Rebalancing can help you maintain your specified allocation mix among the Subaccounts. You direct us to readjust your allocations on a quarterly, semi‑annual or annual basis to return to the allocations you select on the Automatic Rebalancing instruction form.

You choose one day of the month from the 1st to the 28th for Automatic Rebalancing. If the New York Stock Exchange is not open on the day scheduled for the reallocation, the reallocation will take place on the next day the New York Stock Exchange is open for trading.

Automatic Rebalancing will continue until you notify us to cancel it. We reserve the right to modify or terminate Automatic Rebalancing. You may not use Automatic Rebalancing at the same time you use Dollar Cost Averaging, which is described immediately above.

Systematic Withdrawal Program

An optional benefit you may elect for no additional charge, our Systematic Withdrawal Program allows you to schedule periodic withdrawals of at least $100 on a monthly, quarterly, semi-annual, or annual basis. Your Contract Value must be at least $10,000 to begin this program. Withdrawals under the program will be taken from the Subaccounts in accordance with EFILI’s administrative rules, which we may change from time to time. Currently, withdrawals under the program will be taken proportionately from all the Subaccounts.

If a systematic withdrawal would bring the Contract Value below $5,000, the systematic withdrawal will be made only for the amount that will reduce the Contract Value to $5,000, and the systematic withdrawal option will automatically terminate.

You may select any day of the month from the 1st to the 28th as the day your Systematic Withdrawal Program transactions will take place each period. If the New York Stock Exchange is not open on the scheduled day in a particular month, the withdrawal will take place on the next day the New York Stock Exchange is open for trading.

Each systematic withdrawal is subject to federal income taxes, including any penalty tax that may apply, the same as for any other withdrawal. We reserve the right to modify or discontinue the Systematic Withdrawal Program.

5. MAKING EXCHANGES AMONG SUBACCOUNTS

5(a). General Procedures for Making Exchanges

Before the Annuity Date, you may make transfers of money (“Exchanges”) among the Subaccounts by providing instructions to the Annuity Service Center. We do not accept instructions by fax or electronic mail.

Although we do not currently intend to charge for Exchanges, we reserve the right to impose a charge if you make Exchanges on more than six days during a calendar year. See Transaction Expenses in Fee Tables.

Excessive Exchanges can disrupt the ability of a Fund to achieve its investment objective and increase the Fund’s expenses. We reserve the right to limit the number of days on which you can make Exchanges, but you will always be able to make Exchanges on at least five days each calendar year.

Your request to make an Exchange may be expressed in terms of dollars, such as a request to move $5,000 from one Subaccount to another. You may also request a percentage reallocation among Subaccounts. Percentage requests must be made in whole numbers. You cannot move less than $250 from any Subaccount except that if you have less than $250 in a Subaccount you may move the entire amount.

5(b). Making Exchanges by Telephone or Internet

We will not be responsible for any losses resulting from unauthorized telephone or Internet Exchanges if we follow reasonable procedures designed to verify the identity of the caller or Internet user. We may record telephone calls. You should verify the accuracy of your Exchanges by checking the confirmations and statements we send to you as soon as you receive them. Notify the Annuity Service Center immediately if you find any discrepancies. We will not be responsible for losses unless you notify us within ten calendar days from the first time we mail a confirmation or statement containing details of the transaction.

5(c). Effective Date of Exchanges Among Subaccounts

Any redemption from a Subaccount that is part of an Exchange among Subaccounts will be effected as of the end of the Valuation Period in which we receive the request at our Annuity Service Center. Generally, the purchase of Accumulation Units in other Subaccounts with the proceeds of the redemption will occur at the same time. However, if your Exchange involves (1) moving from a Subaccount that invests in an equity Fund that is in an illiquid position due to substantial redemptions or exchanges that require it to sell portfolio securities in order to make funds available, and (2) moving to a Subaccount that invests in a Fund that accrues dividends on a daily basis and requires federal funds before accepting a purchase order, then there may be a delay in crediting the amount that is moving to the new Subaccount. The delay will last until the Subaccount from which the Exchange is being made obtains liquidity, or for seven days, whichever is shorter. During this period, the amount to be transferred from the illiquid Subaccount will be uninvested.

5(d). Market Timing

Some Owners use firms or individuals who engage in market timing. Such firms or individuals usually obtain authorization from Owners to make Exchanges among the Subaccounts on the basis of perceived market trends. Large Exchanges resulting from market timing activity may disrupt the management of the Funds and become a detriment to other Owners.

To protect Owners not engaging in market timing, we reserve the right to reject Exchanges communicated to us by anyone acting under a power of attorney on behalf of more than one Owner. We will exercise this right only if we believe that doing so will prevent harm to other Owners.

5(e). Short-Term Trading Risk

Frequent Exchanges among Subaccounts by Contract Owners can reduce the long-term returns of the Funds. The reduced returns could adversely affect the owners, annuitants, insureds or beneficiaries of any variable annuity or variable life insurance contract issued by any insurance company with respect to values allocated to the Fund.

Frequent Exchanges may reduce a Fund’s performance by increasing costs paid by the Fund (such as brokerage commissions); they can disrupt portfolio management strategies; and they can have the effect of diluting the value of the shares of long-term shareholders in cases in which fluctuations in markets are not fully priced into the Fund’s net asset value.

The Funds are also available in products issued by other insurance companies. There is a significant risk that short-term trading in the Funds may go undetected. The Funds themselves generally cannot detect individual contract owner exchange activity, because they are owned primarily by insurance company separate accounts that aggregate exchange orders from owners of individual contracts. Accordingly, the Funds are dependent in large part on the rights, ability and willingness of all participating insurance companies to detect and deter short-term trading by contract owners. As a result of the adoption of Rule 22c‑2 of the 1940 Act, all Funds have entered into information sharing agreements with EFILI that will require EFILI, upon request, to (i) provide the Funds with specific information about Contract Owner transfer activity, and, if so requested by a Fund, (ii) prohibit future transfers into such Fund.

As outlined below, EFILI has adopted policies regarding frequent trading, but can provide no assurance that other insurance companies using the same mutual funds have adopted comparable procedures. There is also the risk that these policies and procedures concerning short-term trading will prove ineffective in whole or in part to detect or prevent frequent trading. Please review the Funds’ prospectuses for specific information about the Funds’ short-term trading policies and risks.

5(f). EFILI Policies Regarding Frequent Trading

EFILI does not authorize market timing. EFILI has adopted policies and procedures designed to discourage frequent Exchanges as described below. If requested by a Fund, EFILI will consider additional steps to discourage frequent Exchanges in that Fund, not inconsistent with the policies and procedures described below.

Contract Owners who engage in frequent Exchanges may be subjected to temporary or permanent restrictions on future purchases or Exchanges in a Fund, and potentially in all funds managed by Fidelity Management & Research LLC or one of its affiliates. Further, Contract Owners who have engaged in frequent trading in the Funds, or in other mutual funds managed by Fidelity Management & Research LLC or one of its affiliates, may be subjected to temporary or permanent restrictions on purchases or exchanges in those funds.

Although there is no minimum holding period and Contract Owners can make withdrawals or Exchanges out of any Subaccount at any time, Contract Owners may comply with EFILI’s policies regarding frequent trading by allowing 90 days to pass after each purchase or allocation into a Subaccount before they withdraw or make an Exchange out of that Subaccount.

In addition, each Fund reserves the right to reject the Variable Account’s entire purchase or exchange transaction at any time, which would make EFILI unable to execute Contract Owner purchase, withdrawal or exchange transactions involving that Fund on that trading day. EFILI’s policies and procedures are separate and independent from any policies and procedures of the Funds, and do not guarantee that the Funds will not reject orders placed by the Variable Account.

5(g). Frequent Trading Monitoring and Restriction Procedures

EFILI has adopted policies and procedures related to Exchanges among Subaccounts that are set out below. Frequent trading activity is measured by the number of roundtrip transactions by an Owner. A roundtrip transaction occurs when an Owner makes an allocation or Exchange into a Subaccount followed by a withdrawal or Exchange out of the same Subaccount within 30 days. Owners are limited to one roundtrip transaction per Subaccount within any rolling 90‑day period, subject to an overall limit of four roundtrip transactions in the Contract over a rolling 12‑month period.

Owners with two or more roundtrip transactions in one Subaccount within a rolling 90‑day period will be blocked from making additional allocations or exchanges into that Subaccount, through any means, for 85 days.

In addition, Owners who complete a fourth (or higher) roundtrip transaction within any rolling 12‑month period, at least two of which are completed on different business days, will have a U.S. Mail-Only Trade Restriction imposed on all contracts/policies they own that are issued by EFILI or its affiliates. This rule will apply even if the four or more round trips occur in two or more different Subaccounts. This restriction will stay in effect for 12 months. If the Owner makes another round trip in a contract that is currently subject to a U.S. Mail-Only Trade Restriction, then the U.S. Mail-Only Trade Restriction period (12 months) is restarted, and all purchase transactions will be permanently blocked in the violated Subaccount across all contracts with common ownership. “U.S. Mail-Only” for purposes of the U.S. Mail-Only Trade Restriction is defined as First-Class Mail delivered via the U.S. Postal Service. Expedited delivery or courier services, including such services performed by the U.S. Postal Service, will not be accepted.

EFILI further reserves the right to reject specific transactions or impose restrictions as described above in respect of any Contract owned or controlled commonly with a Contract subject to the above restrictions, or in respect of any Contract owned or controlled commonly by a person who is the subject of a complex-wide block.

Exceptions

EFILI has approved the following exceptions to the frequent trading policy:

(1)

Transactions in the Government Money Market Subaccount;

(2)

Dollar Cost Averaging, Automatic Rebalancing, Automatic Annuity Builder, Systematic Withdrawal Program, and annuity payments will not count toward a Subaccount’s roundtrip limits;

(3)

EFILI may suspend the frequent trading policy and make exceptions to the policy for transactions made during periods of severe market turbulence or national emergency. There is no assurance that EFILI will do so or that, if it does so, the underlying mutual funds will make any necessary exceptions to their frequent trading policies.

EFILI may choose not to monitor transactions below certain dollar value thresholds. No other exceptions will be allowed. The frequent trading procedures will be applied consistently to all Owners.

6. MAKING WITHDRAWALS

6(a). General Withdrawal Procedures

Any time before the Annuity Date, you may make a complete withdrawal of your entire Contract Value. We will send you the Contract Value less any taxes withheld. You must send us written instructions from all the Owners to make a complete withdrawal. Your Contract will terminate once the withdrawal has been processed.

You may also make partial withdrawals of $500 or more before the Annuity Date. You may not make a partial withdrawal that would reduce your Contract Value to less than $5,000.

If you request a partial withdrawal in an amount that is less than the total you have in all the Subaccounts, you may choose the dollar amount or percentage to be withdrawn from each Subaccount. If you do not specify where we should take the money for a partial withdrawal, we will take it proportionately from all the Subaccounts.

You may request partial withdrawals by providing instructions to the Annuity Service Center. Partial withdrawals will reduce the Contract Value and Death Benefit.

You may also use our Systematic Withdrawal Program to elect to take periodic withdrawals. See Systematic Withdrawal Program under 4. Benefits Available Under the Contract.

The taxable portion of a distribution will generally be taxed as ordinary income. A penalty tax equal to 10% of the amount treated as taxable income may be imposed on distributions received before age 59¹⁄₂. See 9. Tax Considerations.

For jointly owned Contracts, all checks will be made payable to both Owners. You may have the money transferred to your Fidelity Investments brokerage or mutual fund account. You may have the money transferred to your bank account if you provide us with the necessary information about the account. Any Contracts and accounts between which money will be transferred must have at least one owner’s name in common.

EFILI reserves the right to restrict your Contract from withdrawals and/or exchanges if there is reasonable suspicion of fraud, diminished capacity, or inappropriate activity. EFILI also reserves the right to restrict your Contract from withdrawals and/or exchanges if EFILI is put on reasonable notice that the ownership of the Contract is in dispute.

Complete and partial withdrawals are calculated based on the next computed Accumulation Unit Value(s) after we receive the withdrawal request at the Annuity Service Center. We will normally pay you the net amount of any complete or partial withdrawal within seven days after we receive the withdrawal request at the Annuity Service Center. The net amount is the amount of the withdrawal less any taxes withheld. We may defer payment from the Subaccount for longer than seven days under certain limited circumstances. See 10(j). Postponement of Payment.

7. INCOME PHASE

7(a). Annuity Date

When your Contract is issued we will set the Annuity Date to be the first day of the calendar month following the oldest Owner’s 90th birthday. If after your Contract is issued there is a change in ownership resulting in a new oldest Owner, we reserve the right to reset the Annuity Date to be the first day of the calendar month following the new, oldest Owner’s 90th birthday. You may change the Annuity Date to an earlier date by sending written notice to the Annuity Service Center. We must receive the notice at least 30 days before the Annuity Date you select. Any Annuity Date you choose must be the first day of a month.

7(b). Annuity Income

Annuity income payments begin on the Annuity Date if no Owner has died before then. Annuity income will also begin on the Annuity Date if an Owner dies before the Annuity Date if (1) the Contract was jointly owned by spouses, and (2) the surviving spouse/ Beneficiary elected to continue the Contract as his or her own. A surviving spouse who elects to continue the Contract as his or her own may change the Annuity Date to be as late as the first day of the calendar month following his or her 90th birthday.

In all other cases involving the death of an Owner, the Contract must be distributed in accordance with the applicable provisions of the Code (see Death Benefit in 4. Benefits Available Under the Contract), and the Annuitant(s) will not receive annuity income even if the Contract Value has not been distributed by the Annuity Date.

The Contract has only one annuity income payout option. Under this option, annuity income payments

•

are paid on a monthly basis;

•

are fixed in amount, meaning the payment amount does not fluctuate; and

•

continue until all Annuitants have died, or for 120 monthly payments, whichever is longer.

Guarantees of annuity income payments are subject to our claims-paying ability and financial strength.

The Owner(s) may change the Annuitant(s) before the Annuity Date. If the Owner is a trust, the Annuitant may not be changed.

Before the Annuity Date you may withdraw all of your Contract Value to make a tax‑free exchange in which you purchase any immediate annuity contract we then offer.

If no Owner dies before the Annuity Date and there has not been a complete withdrawal, we will provide monthly fixed annuity income payments to the Annuitant or Annuitants who are living on the Annuity Date unless the Contract Value on the Annuity Date is not enough to provide an initial monthly annuity income payment of at least $20. In that case we may pay the Annuitant or Annuitants the Contract Value in a lump sum instead of providing monthly annuity income.

To provide annuity income, on the Annuity Date, all Accumulation Units in the Subaccounts will be redeemed and the money will be transferred to our general account. Thereafter, all money used to support annuity income payments will be held in our general account. In addition, the Contract’s Death Benefit will terminate and there will be no ability to make withdrawals.

The first monthly annuity income payment will be made on the Annuity Date, unless the Contract has been inactive and under applicable state law could be considered abandoned property, in which case we will surrender the Contract on the Annuity Date and turn the proceeds over to the state in accordance with applicable state laws.

We will determine the amount of monthly annuity income based upon the age(s) and, sex(es) of the Annuitant(s) living on the Annuity Date and the annuity income purchase rate.

The annuity income purchase rate will be the greater of:

(a)

The guaranteed annuity income purchase rates set forth in your Contract; and

(b)

The annuity rates in effect on the Annuity Date for the same payment option.

The monthly annuity income is determined by applying the applicable annuity income purchase rate to the Contract Value after deductions for any applicable taxes.

Contracts with No Annuitants on the Annuity Date: If no Annuitant is living on the Annuity Date, the oldest Owner will be the Annuitant and the Contract will be administered according to the rules for Contracts with one Annuitant immediately below, unless the Owner is not a natural person.

Contracts with One Annuitant on the Annuity Date: If there is one Annuitant living on the Annuity Date, all annuity income payments will be made to the Annuitant. Annuity income payments will stop at the death of the Annuitant or after 120 monthly payments, whichever is longer. The estate of the Annuitant will be responsible to notify us of the Annuitant’s death and to repay any annuity income payments we have made after that date and before we have been notified of the death of the Annuitant.

If the Annuitant dies before receiving all annuity income due under the Contract, the remaining monthly annuity income payments will be paid to the Annuitant’s estate. The estate may choose instead to receive the present

value of the remaining annuity income payments in a lump sum. The lump sum amount will generally be the present value of the remaining guaranteed annuity income payments, if any, at an interest rate that was used to determine the annuity income purchase rate on the Annuity Date.

Contracts with Two Annuitants on the Annuity Date: If there are two living Annuitants on the Annuity Date, we will make annuity income payments jointly to both Annuitants while they are both alive. After the death of one of the Annuitants we will continue to make monthly annuity income payments in the same amount to the surviving Annuitant. The surviving Annuitant is responsible to notify us of the death of the first Annuitant.

Annuity income payments will stop at the death of the surviving Annuitant, or after we have made 120 monthly payments, whichever is longer.

The estate of the last surviving Annuitant will be responsible to notify us of the death of the last surviving Annuitant and to repay any annuity income payments we have made after that date and before we have been notified of the death of the last surviving Annuitant.

If the surviving Annuitant dies before we have made all annuity income payments due under the Contract, any remaining annuity income will be paid to the surviving Annuitant’s estate. The estate may choose instead to receive the present value of the remaining annuity income payments in a lump sum. The lump sum amount will generally be the present value of the remaining guaranteed annuity income payments, if any, at the interest rate that was used to determine the annuity income purchase rate on the Annuity Date.

8. CURRENT CHARGES AND OTHER DEDUCTIONS

8(a). Transaction Charges

Although we do not currently intend to charge for Exchanges, we reserve the right to impose a charge if you make Exchanges on more than six days during a calendar year. See Fee Tables.

8(b). Base Contract Expenses

Base Contract Expenses are the total of two separate charges, a Mortality and Expense Risk Charge and an Administrative Charge.

Mortality and Expense Risk Charge: We assess a daily charge against each Contract’s assets at an effective annual rate of 0.20%. This charge is 0.05% for (1) Contracts purchased on or after September 7, 2010 with an Initial Purchase Payment of $1,000,000 or more, and (2) Contracts that are converted to the lower Contract Charges following the Contract Date. See 8(c) below.

The risks we bear are mortality and expense risks. The mortality risk we bear is the risk that Annuitants who receive annuity income payments guaranteed to last for their lifetimes will live longer than we project. The expense risk we bear is the risk that the costs of issuing and administering the Contracts will be greater than we can collect through the Administrative Charge.

Administrative Charge: We make a daily charge against the assets of each Subaccount equivalent to an effective annual rate of 0.05%. The Administrative Charge compensates us for the expenses we incur in administering the Contracts. These expenses include the cost of issuing the Contract, making electronic funds transfers to your bank account or issuing checks, maintaining necessary systems and records, and providing reports. We guarantee this charge will never increase.

8(c). Automatic Contract Charge Reduction

If your Contract Value equals or exceeds $1,000,000 on any Valuation Period on or after September 7, 2010 and if at that time we are offering the Contract to new applicants at the lower Contract Charges, your Contract will be automatically converted to the lower Contract Charges (“Automatic Contract Charge Reduction”). The Automatic Contract Charge Reduction applies to any Contract that was issued at higher Contract Charges and that had a Contract Value that was equal to or greater than $1,000,000 on or after September 7, 2010 subject to the following conditions:

•

The Contract at the lower Contract Charges must be available to new applicants at the time we implement the Automatic Contract Charge Reduction for all eligible contract owners; and

•

The Automatic Contract Charge Reduction is not retroactive. It only applies to Valuation Periods following the implementation date of the Automatic Contract Charge Reduction to your Contract.

•

We will convert the number of Accumulation Units that were credited to your Contract prior to the Automatic Contract Charge Reduction to a new number of Accumulation Units to reflect the lower Contract Charges that will apply to your Contract after the Automatic Charge Reduction. See Accumulation Units under 3(c). Purchase Payments.

The Automatic Contract Charge Reduction will be applied to your Contract as long as we continue to offer the lower Contract Charges to new applicants on the later of (i) the Valuation Period ending on December 13, 2010 or (ii) the Valuation Period following the Valuation Period in which your Contract Value equaled or exceeded $1,000,000.

8(d). Premium Taxes

We generally deduct a charge equal to any premium tax that New York requires us to pay in connection with your Contract at the time we are required to pay it. As of the date of this prospectus, New York does not impose a premium tax.

8(e). Funds’ Expenses

Fees and expenses are deducted from and paid out of the assets of the Funds. These expenses may vary in amount from year to year and are described in the prospectuses for the Funds.

8(f). Other Taxes

We reserve the right to charge for any other taxes (in addition to premium taxes) that we may have to pay.

See 9(d). EFILI’s Tax Status.

8(g). Deduction of Advisory Fees

If you have authorized a third-party investment advisory firm (the “Advisor”) to make withdrawals from the Contract of the Advisor’s fees, we will make such withdrawals upon receiving from the Advisor our required Advisor payment form properly completed at our Annuity Service Center. To authorize an Advisor to make withdrawals from the Contract, you must first complete our required authorization form. You or your Advisor can terminate the authorization at any time by notifying us in writing or via phone at our Annuity Service Center. In addition, Fidelity reserves the right to terminate such authorization at any time.

EFILI does not pay commissions to any Advisor that you may choose to employ because such Advisors receive compensation in connection with the Contract in the form of advisory fees you agreed to pay to the Advisor.

As with any other withdrawal from your Contract, withdrawals taken from the Contract to pay advisory fees will reduce the Contract Value and Death Benefit and may be subject to federal and state income taxes and a 10% federal penalty tax. We encourage Owners to discuss with their Advisor the impact of deducting advisory fees from the Contract prior to making any election.

We require the Advisor to complete our required payment form each and every time an advisory fee payment is requested from the Contract. We do not allow Advisors to schedule systematic / ongoing advisory fee payments from the Contract.

When requesting a withdrawal from the Contract for advisory fees, we require Advisors to specify the withdrawal amount as a percentage of Contract Value or as a dollar amount. The withdrawal will be taken from the Subaccounts on a prorated basis unless the Advisor specifies the dollar amounts to be withdrawn from each Subaccount. A withdrawal to pay advisory fees will not be permitted if it would reduce the Contract Value below $2,500. Questions about the basis upon which your Advisor calculates their advisory fee should be directed to your Advisor.

Please note that although we permit you to authorize an Advisor to make asset allocation decisions and request other transactions within the Contract on your behalf, including withdrawals to pay the Advisor’s fees, individuals employed by any such Advisor are:

•

not licensed agents of Fidelity Investments or any of its affiliates, and

•

do not receive commissions from Fidelity Investments or any of its affiliates in connection with sales of the Contract.

You can purchase and own this Contract without hiring or paying advisory fees to an Advisor.

Pursuant to an IRS Private Letter Ruling issued to Fidelity, advisory fees that are paid directly from the Contract by its Owner(s) to an Advisor should not be considered taxable distributions if:

•

the fees do not exceed an amount equal to an annual rate of 1.5% of the Contract’s cash value determined as a percentage of the cash value as of the last day of the period in which the advisory services were provided, and

•

all the other conditions set out in the IRS Private Letter Ruling are met.

However, Fidelity has no responsibility or liability (i) to determine whether the instructions received from the Advisor are in compliance with the agreement between Owner(s) and Advisor, and (ii) to verify that the amount of Fees complies with the IRS Private Letter Ruling. Advisory fees paid from the Contract that are in excess of the maximum amount or that do not meet any of the other conditions set out in the IRS Private Letter Ruling may be subject to federal and state income taxes and a 10% federal penalty tax. See Third-Party Investment Advisory Fees under 9(c) for more information.

9. TAX CONSIDERATIONS

9(a). Introduction

The following discussion of the federal income tax treatment of the Contract is not exhaustive, does not purport to cover all situations, and is not intended as tax advice. The federal income tax treatment of the Contract is unclear in certain circumstances, and you should always consult a qualified tax advisor regarding the application

of the law to individual circumstances. This discussion is based on the Internal Revenue Code of 1986, as amended (the “Code”), Treasury Department regulations, and interpretations existing on the date of this Prospectus. Although the discussion is based on our understanding of federal income tax laws as currently interpreted, there is no guarantee that those laws or interpretations will not be changed by Congress, the Treasury Department, and judicial decisions.

This discussion does not address federal gift tax, state or local income tax, or other considerations which may be involved in the purchase, operation, or exercise of any rights or options under the Contract. Also, this discussion does not address estate tax issues that might arise due to the death of an Owner or Annuitant. The particular situation of each Owner, Annuitant, and Beneficiary will determine the federal estate taxes and the state and local estate, inheritance, and other taxes due. You should seek competent tax advice on such matters pertaining to you.

In addition, we make no guarantee regarding any tax treatment – federal, state, or local – of any Contract or of any transaction involving a Contract.

9(b). Taxation of Non‑qualified Annuities in General

Tax Deferral During Accumulation Phase: Under existing provisions of the Internal Revenue Code, provided the below conditions are met, any increase in an Owner’s Contract Value is generally not taxable to the Owner until received, either in the form of annuity income payments or in some other form of distribution. However, as discussed below, this rule applies only if:

(1)

the investments of the Variable Account are “adequately diversified” in accordance with Treasury Department regulations;

(2)

the Company, rather than the Owner, is considered the owner of the assets of the Variable Account for federal income tax purposes; and

(3)

the Owner is an individual (or an individual is treated as the Owner for tax purposes).

Diversification Requirements: The Internal Revenue Code and Treasury Department regulations prescribe the manner in which the investments of a segregated asset account, such as the Subaccount of the Variable Account, are to be “adequately diversified.” If the Variable Account fails to comply with these diversification standards, the Contract will not be treated as an annuity contract for federal income tax purposes and the Owner would generally be taxed currently on the excess of the Contract Value over the Purchase Payments paid for the Contract. The Subaccounts of the Variable Account intend to comply with the diversification requirements. In this regard, we have entered into agreements with the Funds under the Subaccounts that require the Funds to be “adequately diversified” in accordance with the Internal Revenue Code and Treasury Department regulations.

Ownership Treatment: In certain circumstances, variable annuity contract owners may be considered the owners, for federal income tax purposes of the assets of a segregated asset account, such as the Variable Account, used to support their contracts. In those circumstances, income and gains from the segregated asset account would be includible in the contract owners’ gross income. The Internal Revenue Service (the “IRS”) has stated in published rulings that a variable contract owner will be considered the owner of the assets of a segregated asset account if the owner possesses incidents of ownership in those assets, such as the ability to exercise investment control over the assets. As of the date of this Prospectus, no comprehensive guidance has been issued by the IRS clarifying the circumstances when such investment control by a variable contract owner would exist. As a result, your right to make Exchanges among the Subaccounts may cause you to be considered the owner of the assets of the Variable Account. We therefore reserve the right to modify the Contract as necessary to attempt to prevent Contract Owners from being considered the owners of the assets of the Variable Account. However, there is no assurance such efforts would be successful.

We do not know what limits might be set forth in any guidance that the IRS may issue, or whether any such limits would apply to existing Contracts.

Non‑natural Owner: As a general rule, Contracts held by “non‑natural persons” such as a corporation, trust or other similar entity, as opposed to a natural person, are not treated as annuity contracts for federal tax purposes. The income on such Contracts (as defined in the tax law) is taxed as ordinary income that is received or accrued by the Owner of the Contract during the taxable year. There are several exceptions to this rule for non‑natural Owners. Under one exception, a Contract will generally be treated as held by a natural person if the nominal owner is a trust or other entity that holds the Contract as an agent for a natural person. We do not intend to offer the Contracts to “non‑natural” persons. However, we will offer the Contracts to trusts where a trustee represents that the trust is for the benefit of natural persons such as the grantor of the trust. We will also require the trustee to certify that the Beneficiaries of the trust are natural persons. We will also offer the Contracts to charitable remainder trusts. The following discussion assumes that a Contract will be owned by an individual.

Delayed Annuity Commencement Dates: On the Contract Date, the Annuity Date is automatically set to be the first day of the calendar month following the oldest Owner’s 90th birthday. Federal income tax rules do not expressly identify a particular age by which annuity income payments must begin.

However, if the Contract’s Annuity Date occurs (or is scheduled to occur) at too advanced an age, it is possible that the Contract would not be treated as an annuity for federal income tax purposes. In that event, the income and gains under the Contract could be currently includible in the Owner’s income.

The following discussion assumes that the Contract will be treated as an annuity contract for federal income tax purposes.

9(c). Tax Consequences to Investors

Taxation of Partial and Complete Withdrawals: Partial withdrawals under a Contract are generally includible in income to the extent your Contract Value before the withdrawal exceeds your “investment in the contract.” Amounts received under the Systematic Withdrawal Program are treated as partial withdrawals. In case of a complete withdrawal, amounts received are includible in income to the extent they exceed the “investment in the contract.” For these purposes, the investment in the contract at any time generally equals the total of the Purchase Payments made under the Contract to that time less any amounts previously received from the Contract, which were not included in income. In the case of a Contract purchased in a non‑taxable exchange under section 1035 of the Code, the investment in the exchanged Contract will be carried over to your Contract and will be reduced by the amount of investment gain in the exchanged contract.

If you take a partial withdrawal within 180 days of any prior partial exchange under section 1035 of the Code (“Partial 1035”) from either of the contracts that were involved in the Partial 1035 exchange, the Internal Revenue Service may apply general tax principals to determine if the prior Partial 1035 should be recharacterized as a distribution under section 72(e) of the Code or “boot” under section 1035(d)(1) and 1031(c) of the Code. The only exception to this rule is where the partial withdrawal is used to fund an annuity income option for a period of 10 years or more.

Partial and complete withdrawals may be subject to a 10% penalty tax. See Penalty Tax on Premature Distributions below. Partial and complete withdrawals also may be subject to federal income tax withholding requirements.

Taxation of Annuity Income Payments: Normally, the portion of each annuity income payment taxable as ordinary income equals the excess of the payment over the exclusion amount. In the case of fixed income payments, like the annuity income payments provided under the Contract, the exclusion amount is determined by

multiplying (1) the annuity income payment by (2) the ratio of the investment in the contract, adjusted for any period certain or refund feature, to the total expected amount of annuity income payments for the term of the Contract (as determined under Treasury Department regulations). Once the total amount of the investment in the contract is excluded, annuity income payments will be fully taxable. If annuity income payments cease because of the death of the Annuitant and before the total amount of the investment in the contract is recovered, the unrecovered amount generally will be allowed as a deduction.

Where the Owner and the Annuitant are not the same person and are not married to one another, there are special income tax issues, such as who will be taxed on amounts under the Contract and when such amounts will be taxed. You should consult a tax advisor in those situations.

Annuity income payments may be subject to federal income tax withholding requirements.

Distribution and Taxation of Proceeds: Prior to the Annuity Date, we may distribute amounts from a Contract because of the death of an Owner, or because of the death of the Annuitant in the case of a contract issued to a non‑natural person. Such proceeds are includible in income as follows:

(1)

if distributed in a lump sum, they are taxed in the same manner as a complete withdrawal, as described above; or

(2)

if distributed under an Annuity Income Option, or as systematic withdrawals under the Stretch Benefit Option (see Death Benefit under 4. Benefits Available Under the Contract), they are taxed generally in the same manner as annuity income payments, as described above.

After the Annuity Date, where a guaranteed period exists under an Annuity Income Option, and all the Annuitants die before the end of that period, payments we make to the estate of the last surviving Annuitant for the remainder of that period are includible in income as follows:

(1)

if received in a lump sum, they are included in income to the extent that they exceed the unrecovered investment in the contract at that time; or

(2)

if distributed in accordance with the existing Annuity Income Option selected, they are fully excluded from income until the remaining investment in the contract is deemed to be recovered, and all annuity income payments thereafter are fully includible in income.

Proceeds payable on death may be subject to federal income tax withholding requirements.

3.8% Tax on Net Investment Income: Federal tax law imposes a 3.8% Medicare tax on the lesser of

(1)

the taxpayer’s “net investment income,” (from Non‑qualified Annuities, interest, dividends, etc., offset by specified allowable deductions), or

(2)

the taxpayer’s modified adjusted gross income in excess of a specified income threshold ($250,000 for married couples filing jointly, $125,000 for married couples filing separately, and $200,000 otherwise).

“Net investment income” in item 1 does not include distributions from tax‑qualified plans (i.e., IRAs, Roth IRAs, or arrangements described in Code Sections 401(a), 403(b), or 457(b)) but such income will increase “modified adjusted gross income” in item 2.

You should consult your tax advisor regarding the applicability of this tax to income you would receive under this annuity contract.

Penalty Tax on Premature Distributions: In general, in the case of a distribution from a Contract, a penalty tax equal to 10% of the portion of the distribution that is includible in gross income may be imposed unless the distribution:

(1)

is made on or after the taxpayer attains age 59¹⁄₂;

(2)

is made on or after the death of the Owner or, if the Owner is not an individual, on or after the death of the primary annuitant (as defined in the tax law);

(3)

is attributable to the Owner’s becoming disabled (as defined in the tax law);

(4)

is part of a series of substantially equal periodic payments (no less frequently than annually) for the life (or life expectancy) of the Owner or the joint lives (or joint life expectancies) of the Owner and his or her designated beneficiary (as defined in the tax law);

(5)

is made under an immediate annuity contract (as defined in the tax law); or

(6)

satisfies some other exception to this 10% penalty tax.

We believe that systematic withdrawals under the Systematic Withdrawal Program would not satisfy the exception to the 10 percent penalty tax described in (4) above. You should consult your tax advisor before electing to take systematic withdrawals commencing prior to age 59¹⁄₂.

Third-Party Investment Advisor Fees: Pursuant to an IRS Private Letter Ruling (“PLR”) issued to Fidelity, advisory fees that are paid directly from the Contract by its Owner(s) to an Advisor should not be considered taxable distributions if all of the following conditions are met:

(1)

The Owner authorizes the fees to be paid to the Advisor from the Contract’s cash value;

(2)

The amount of the fees has been determined from a negotiation between the Owner(s) and the Advisor in which each is acting in its own best interest (i.e., an “arm’s length transaction”);

(3)

The fees do not exceed an amount equal to an annual rate of 1.5% of the Contract’s cash value determined as a percentage of the cash value as of the last day of the period in which the advisory services were provided;

(4)

The fees are only for investment advice provided by the Advisor to the Owner(s) with respect to the Contract;

(5)

The fees do not result in any fee reduction related to any other asset or service;

(6)

The Owner(s) do not direct payment of the fees for any other purpose or to any other person or entity; and

(7)

The Advisor does not receive a commission from Fidelity for the sale of the Contract.

A PLR is based on a specific set of facts and is issued to a specific taxpayer. While a PLR may be an indication of the IRS’s current position on an issue, a PLR can be used as precedent only under limited circumstances. Note – even if EFILI does not treat withdrawals taken to pay advisory fees as taxable distributions, federal and/or state taxing authorities could determine such fees should be treated as taxable distributions. If deemed to be a taxable distribution, the withdrawal to pay advisory fees may be subject to federal and state income taxes and a

10% penalty tax. In addition, as with any other withdrawal from your Contract, withdrawals taken from the Contract to pay advisory fees will reduce the Contract Value and Death Benefit. Any legal questions should be directed at your legal counsel as EFILI and its affiliates do not provide legal advice.

Aggregation of Contracts: In certain circumstances, the IRS may determine the amount of an annuity income payment or a withdrawal from a Contract that is includible in income by combining some or all of the annuity contracts a person owns. For example, if a person purchases a Contract offered by this Prospectus and also purchases at approximately the same time an immediate annuity issued by us, the IRS might in certain circumstances treat the two contracts as one contract. In addition, if a person purchases two or more deferred annuity contracts from the same insurance company (or its affiliates) during any calendar year, all such contracts will be treated as one contract for purposes of determining the portion of the distribution that is includible in income. The effects of such aggregation are not always clear; however, it could affect the amount of a withdrawal or an annuity income payment that is taxable and the amount which might be subject to the 10% penalty tax described above.

Exchanges of Contracts: We may issue the Contract in exchange for all or part of another annuity or life insurance contract that you own. Such an exchange will be tax free if certain requirements are satisfied. If the exchange is tax free, your investment in the contract immediately after the exchange will generally be the same as that of the contract exchanged, increased by any additional Purchase Payments made as part of the exchange. Your Contract Value immediately after the exchange may exceed your investment in the contract. That excess may be includable in income should amounts subsequently be withdrawn or distributed from the Contract (e.g., as a partial surrender, full surrender, annuity income payment or death benefit). If you exchange part of an existing contract for a Contract, the IRS might treat the two contracts as one annuity contract in certain circumstances. See Aggregation of Contracts under 9(c). Tax Consequences to Investors.

In addition, before the Annuity Date, you may exchange all or a portion of your Contract Value for another annuity contract we then offer. Such an exchange will be tax free if certain requirements are satisfied. You should consult your tax advisor in connection with an exchange for or of a Contract.

After the Contract Date and before annuity income payments begin, you may assign the Contract. There may be special income tax issues if you make an assignment to a person who is not your spouse. You should consult your tax advisor before assigning your Contract.

Transfers of a Contract: A Contract that is transferred by assignment to another person or entity may result in taxable income to the Owner in the year the Contract is transferred. You should consult your tax advisor before making such a transfer.

Taxation of Contracts Owned Under UGMA/UTMA Arrangements: In the case of a Contract held in custody for a minor under the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act, a distribution under the Contract ordinarily is taxable to the minor. Whether the 10% penalty tax applies to such a distribution ordinarily is determined by the circumstance or characteristics of the minor, not the custodian. Thus, for example, a distribution taxable to a minor will not qualify for the exception to the penalty tax for distributions made on or after age 59¹⁄₂, even if the custodian is 59¹⁄₂ or older.

9(d). EFILI’s Tax Status

EFILI is taxed as a life insurance company under the Internal Revenue Code. The earnings of the Variable Account are taxed as part of our operations, and thus the Variable Account is not separately taxed as a “regulated investment company” under the Internal Revenue Code. Under the existing federal income tax laws, investment income and capital gains of the Variable Account are not taxed to the extent they are applied under a Contract.

Therefore, we do not expect to incur federal income taxes on earnings of the Variable Account to the extent the earnings are credited under the Contracts. Based on this, no charge is being made currently to the Variable Account for our federal income taxes. We will periodically review the need for a charge to the Variable Account for company federal income taxes. If EFILI is taxed on investment income or capital gains of the Variable Account, then EFILI may impose a charge against the Variable Account in order to provide for such taxes.

Under current laws we may incur state and local taxes (in addition to premium taxes) in several states. At present, these taxes are not significant and are not charged against the Contracts or the Variable Account. If the amount of these taxes changes substantially, we may make charges for such taxes against the Variable Account.

10. MORE INFORMATION ABOUT THE CONTRACT

You should also be aware of the following important provisions of your Contract.

10(a). Contract Rights

Owner(s): Owners have rights and privileges as specified in the Contract. Owners own the Contract in accordance with all of its terms. The following forms of ownership, and others, are inconsistent with the terms of the Contract and will not be accepted: “joint tenants in common”, “tenancy by the entirety”, “joint tenants with rights of survivorship” and “joint ownership by husband and wife”.

Before the Contract is issued, the Owners have the right on the application to (a) name the Annuitant(s) and Beneficiary(ies); and (b) allocate the Initial Purchase Payment among the Subaccounts. The Owner(s) can change the Annuitant(s) before annuity income payments begin. If the Owner is a trust, the Annuitant may not be changed.

After the Contract Date and before annuity income payments begin, the Owners have the right to (a) cancel the Contract during the Free Look Period; (b) allocate Purchase Payments among the Subaccounts; (c) reallocate the Contract Value among the Subaccounts; (d) make withdrawals; (e) assign the Contract; (f) change Annuitant(s) and Beneficiary(ies) (except that a Beneficiary designated as irrevocable may not be changed without the Beneficiary’s consent); and (g) instruct us how to vote shares of the Funds attributable to the Contract.

For Contracts with two Owners, after the Contract Date and before annuity income payments begin, any withdrawals (including surrenders), assignments, changes of the Annuity Date, changes of Owners, Annuitants and Beneficiaries can be made only by both Owners acting together. Either Owner may exercise any other right under the Contract.

There may be special income tax issues if you make an assignment to a person who is not your spouse.

Beginning on the first day we provide annuity income to the Annuitant(s), the Owners have no rights.

If a Contract has two Owners who are not spouses, and one dies before the Annuity Date, federal tax law requires that the Contract Value be distributed to the remaining Owner within certain time limits. See Death Benefit under 4. Benefits Available Under the Contract.

Annuitant(s): You name one or two Annuitants in the application for the Contract. You may change the Annuitant(s) by sending us a written notice. A deceased Annuitant may be replaced. You may also add an Annuitant, but there can never be more than two Annuitants at the same time. We must receive any notice adding or changing the Annuitant(s) at our Annuity Service Center at least 30 days before the Annuity Date.

If a non‑natural person is the Owner, the Contract can have only one Annuitant and the Annuitant may not be changed. If such non‑natural person is a revocable grantor trust, the grantor of the trust must be the sole Annuitant.

Annuitants have no rights before the Annuity Date. Annuitants have the right to receive monthly annuity income payments beginning on the Annuity Date, unless an Owner has died before the Annuity Date, or unless the amount of annuity income would be less than $20 per month.

The amount of monthly annuity income payments depends on a number of factors, including each Annuitant’s age and sex. If an Annuitant’s age or sex has been misstated, we will adjust the amount of monthly annuity income to reflect the actual age and/or sex. If we have previously overpaid monthly annuity income, we will withhold monthly annuity income until we have recovered the amount of the overpayment. If annuity income payments have ended, we will recover the amount of any overpayment from the estate(s) of the Annuitant(s). If we have previously underpaid monthly annuity income, we will make a lump sum payment equal to the amount previously underpaid, plus interest at 6% per annum, compounded annually.

If a Contract has one Owner and that Owner dies before the Annuity Date, then the Beneficiary(ies), not the Annuitant(s), will have the right to the Contract Value, and the Annuitant(s) will not receive any monthly annuity income.

If a Contract has two Owners and one Owner dies before the Annuity Date, then the surviving Owner, not the Annuitants, will have the right to the Contract Value. When the Annuity Date is later reached, the Annuitant(s) will not receive any monthly annuity income, subject to one exception. The exception is that if a surviving spouse/Beneficiary continues the Contract as his or her own, and the Annuity Date is reached, then the Annuitant(s) will receive monthly annuity income.

Beneficiary(ies): The Owner(s) name(s) a Beneficiary or Beneficiaries in the application, and can change Beneficiaries later. If the Contract is owned by a trust, the trust must be the sole Beneficiary. If all the Owners die before the Annuity Date (or the Annuitant in the case of a trust owned contract), we will pay the Contract Value, less any applicable taxes, to the Beneficiary or Beneficiaries who survive all the Owners. If a Beneficiary survives all the Owners but does not live long enough to receive payment from us, we will pay the Beneficiary’s estate. For more details on the Contract rights and provisions applicable to Beneficiaries, see Death Benefit under 4. Benefits Available Under the Contract.

10(b). Termination

To help protect us against administrative expense risks, we include a provision in the Contracts that allows us to cancel smaller, inactive Contracts before the Annuity Date. We have the right to cancel your Contract if all of the following conditions exist at the same time: (1) no Purchase Payments have been made during the previous 36 months; (2) the total Purchase Payments credited to the Contract minus total withdrawals are less than $2,000; and (3) the Contract Value is less than $2,000. We will give you 30 days’ notice before canceling your Contract, during which you may make an additional Purchase Payment to bring your Contract Value to $2,000 or more. If we cancel your Contract under this provision, we will pay you your Contract Value in a lump sum.

10(c). Assignment

You may assign the Contract at any time during the lifetime of the Owner and before the Annuity Date. Assignments will be subject to all payments made and actions taken by the Company before a signed copy of the assignment form is received by the Company at the Annuity Service Center. Assignments may result in a taxable distribution to the transferor. You should consult your tax advisor before making such a transfer.

10(d). Notification of Death

If there are two Owners, the survivor is responsible for informing us of the other Owner’s death.

Both owners are responsible for notifying us of the death of any Annuitant if the Annuitant’s death occurs before the Annuity Date. If all the Owners die, the Beneficiaries are responsible for notifying us of the death(s). If there are two Annuitants, each is responsible for notifying us of the death of the other if death occurs after the Annuity Date. The executor of the estate of the last surviving Annuitant is responsible for notifying us of that Annuitant’s death, and to return any overpayment. If we provide too much annuity income because we are not notified of a death, we may take legal action to recover the overpayment.

10(e). Proof of Survival

If any payment under this Contract depends on an Annuitant or other recipient being alive on a given date, we may require proof of survival before making the payment.

10(f). Abandoned Property

State regulations require abandoned property to be escheated to state municipalities. Unclaimed property could come in the form of an outstanding check, unclaimed death benefit, or a matured Contract where the policyholder cannot be located. Please note that state municipalities require unclaimed property to be escheated to the state within three to five years of the date of death of the Owner. To avoid escheatment, we advise that you promptly respond to requests to contact the insurance company. In the event of the Owner’s death, we advise Beneficiaries to promptly contact the insurance company and provide whatever paperwork the insurance company requests.

Beneficiaries who wait too long after the Owner’s death to contact the insurance company run the risk of not having sufficient time to make a distribution election before the company is required to escheat the proceeds to the state municipality. In the event the state escheatment laws require escheatment before five years from date of death, a Beneficiary may not have a full five-year distribution period as described in the Contract to withdraw the Contract Value.

10(g). Reports to Owners

Before the Annuity Date, we will send you a statement showing your Contract Value four times each year. Each quarterly statement will also contain a summary of all transactions in your Contract since the previous statement.

You should immediately verify the accuracy of the information contained in these statements, and in the confirmations you may receive for individual transactions. If you find a discrepancy with respect to any transaction, you should notify us at our Annuity Service Center immediately. We will not be responsible for losses after fifteen calendar days from the first time we mail any statement or confirmation containing details of the transaction.

Contract owners have access to their contract information online at Fidelity.com.

10(h). Signature Guarantee or Customer Authentication

Certain requests may require a signature guarantee or customer authentication. A signature guarantee or customer authentication is designed to protect you and us from fraud. Your request must be in writing and may require a signature guarantee if any of the following situations apply:

Loss of account ownership;

Any circumstances where we deem it necessary for your protection.

You should be able to obtain a signature guarantee from a bank, broker dealer, credit union (if authorized under state law), securities exchange or association, clearing agency, or savings association. A notary public cannot provide a signature guarantee. A customer authentication can be obtained only at a Fidelity Investments Investor Center.

10(i). Non‑Participating Contract

The Contract is “non‑participating”, meaning there are no dividends. Investment results of the Subaccounts are reflected in the Contract Value and the other benefits under the Contract.

10(j). Postponement of Payment

In conformity with the 1940 Act, we will generally pay any withdrawal within seven days after we receive the request. We may delay payment if (a) the disposal or valuation of the assets in a Subaccount is not reasonably practicable because the New York Stock Exchange is closed for other than a regular holiday or weekend, trading is restricted by the SEC, or the SEC declares that an emergency exists; or (b) the SEC by order permits the postponement of payment to protect our Owners.

We will generally send: (1) any withdrawal amount on the first business day after the end of the Valuation Period during which we receive the withdrawal request; (2) each annuity income payment on the first business day after the Annuity Income Date; and (3) any lump sum distributions to Beneficiaries within seven days of the day we receive proper notice. Payments delayed for 10 days or longer will be credited with interest at a rate at least equal to the minimum rate required by applicable law.

10(k). Special Provisions for Sales Under Sponsored Arrangements

We may reduce the minimum Purchase Payment requirements for Contracts issued under sponsored arrangements. We determine the eligibility of a group for such reduced minimum Purchase Payments, and the minimum Purchase Payment amount for individuals in a particular group, by considering the following factors:

(1) the size of the group; (2) the total amount of Purchase Payments we expect group members to make; (3) the nature of the group and the persistency we expect from the group; (4) the purpose for which the Contracts will be purchased; and (5) any other circumstances which we believe to be relevant in determining the level of expected administrative expenses we will incur.

10(l). Written Requests Received at the Company

Any request that is required to be submitted to the Company in writing must be in accordance with the Company’s then current standards and shall not be effective until the date and time that either:

The original request is physically received at the Annuity Service Center; or

An electronic image of the original request, which has been submitted by an agent of Fidelity, is received at the Annuity Service Center.

All communications to us regarding your Contract should be sent to: Empire Fidelity Investments Life Insurance Company, Annuity Service Center, PO Box 770001, Cincinnati, Ohio 45277-0051.

11. MORE INFORMATION ABOUT THE SUBACCOUNTS AND THE FUNDS

11(a). Changes in Subaccounts

We may make additional Subaccounts available to you from time to time. These Subaccounts will invest in mutual funds that we find suitable for the Contracts.

We also have the right to eliminate Subaccounts, to combine two or more Subaccounts, or to substitute a new mutual fund for the mutual fund in which a Subaccount invests.

A substitution may become necessary if, in our judgment, a Fund no longer suits the purposes of the Contracts. This may happen due to a change in laws or regulations, a change in a Fund’s investment objectives or restrictions, because the Fund is no longer available for investment, or for some other reason. We would obtain prior approval from the SEC and any other required approvals before making such a substitution.

We also reserve the right to operate the Variable Account as a management investment company under the 1940 Act or any other form permitted by law or to deregister the Variable Account under such Act in the event such registration is no longer required. We would obtain any required approval from the SEC before making such changes.

11(b). Voting Rights

We currently vote shares of the Funds owned by the Variable Account according to your instructions. However, if the 1940 Act or any related regulations or interpretations should change, and we decide that we are permitted to vote the shares of the Funds in our own right, we may decide to do so.

Before the Annuity Date, we calculate the number of shares that you may instruct us to vote by dividing your Contract Value in a Subaccount by the net asset value of one share of the corresponding Fund. Fractional votes are counted. We reserve the right to modify the manner in which we calculate the weight to be given to your voting instructions where such a change is necessary to comply with then current federal regulations or interpretations of those regulations.

We will determine the number of shares you can instruct us to vote 90 days or less before the applicable Fund shareholder meeting. At least 14 days before the meeting we will send you material by mail for providing us with your voting instructions.

If we do not receive your voting instructions in time, we will vote the shares in the same proportion as the instructions we receive from other Owners. We will also vote in the same proportionate manner any shares we hold in the Variable Account that are not attributable to Owners. As a result of proportional voting, the vote of a small number of Owners could determine the outcome of a shareholder vote.

Under certain circumstances, we may be required by state regulatory authorities to disregard voting instructions. This may happen if following such instructions would change the sub‑classification or investment objectives of a Fund, or result in the approval or disapproval of an investment advisory contract.

Under federal regulations, we may also disregard instructions to vote for Owner-initiated changes in investment policies or the investment advisor if we disapprove of the proposed changes. We would disapprove a proposed change only if it were contrary to state law, prohibited by state regulatory authorities, or if we decided that the change would result in overly speculative or unsound investments. If we ever disregard voting instructions, we will include a summary of our actions in the next semiannual report.

11(c). Resolving Material Conflicts

The Funds are available to separate accounts of insurance companies offering variable annuity contracts and variable life insurance policies issued by other insurance companies, as well as to our Variable Account and other separate accounts we may establish.

Although we do not anticipate any disadvantages due to these arrangements, there is a possibility that a material conflict could arise between the interest of the Variable Account and one or more of the other separate accounts or qualified plans that hold shares of the Funds. A conflict may occur due to a change in law affecting the operations of variable life and variable annuity separate accounts, differences in the voting instructions of our Owners and those of other insurance companies, or for some other reason. In the event of a conflict, we will take any steps necessary to protect our Owners and their Beneficiaries.

APPENDIX A: FUNDS AVAILABLE UNDER THE CONTRACT

The following is a list of Funds available under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.dfinview.com/Fidelity/PUFT/PRA. You can also request this information at no cost by calling 1‑800‑634‑9361 or by sending an email request to filifunddocuments@fidelity.com.

The current expenses and performance information below reflects fees and expenses of the Funds, but do not reflect the other fees and expenses that your Contract may charge or any advisory fees that you may pay to a third-party investment advisory firm from the Contract. Expenses would be higher and performance would be lower if these other charges were included. Each Fund’s past performance is not necessarily an indication of future performance.


Investment Objective	Fund & Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/25)
Investment Objective	Fund & Adviser/Subadviser	Current Expenses	1 year	5 year	10 year
Seeks high total investment return	BlackRock Global Allocation V.I. Fund Adviser: BlackRock Advisors, LLC Subadviser: BlackRock (Singapore) Limited and BlackRock International Limited	0.91%*	19.53%	5.62%	7.42%
Seeks to obtain high total return with reduced risk over the long-term by allocating its assets among stocks, bonds, and short-term instruments	Fidelity^® Variable Insurance Product (“VIP”) Asset Manager 50% Portfolio Adviser: Fidelity Management & Research Company LLC	0.59%*	14.90%	5.59%	7.05%
Seeks to maximize total return by allocating its assets among stocks, bonds, short-term instruments, and other investments	Fidelity^® VIP Asset Manager 70% Portfolio Adviser: Fidelity Management & Research Company LLC	0.69%*	18.17%	7.55%	8.78%
Seeks income and capital growth consistent with reasonable risk	Fidelity^® VIP Balanced Portfolio Adviser: Fidelity Management & Research Company LLC	0.49%	15.16%	9.43%	11.04%
Seeks to provide investment results that correspond to the aggregate price and interest performance of the debt securities in the Bloomberg Barclays U.S. Aggregate Bond Index	Fidelity^® VIP Bond Index Portfolio Adviser: Fidelity Management & Research Company LLC	0.14%	6.98%	-0.57%	—
Seeks capital appreciation	Fidelity^® VIP Communication Services Portfolio Adviser: Fidelity Management & Research Company LLC	0.68%	34.29%	15.11%	15.71%


Investment Objective	Fund & Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/25)
Investment Objective	Fund & Adviser/Subadviser	Current Expenses	1 year	5 year	10 year
Seeks capital appreciation	Fidelity^® VIP Consumer Discretionary Portfolio Adviser: Fidelity Management & Research Company LLC	0.69%	6.73%	8.02%	12.42%
Seeks capital appreciation	Fidelity^® VIP Consumer Staples Portfolio Adviser: Fidelity Management & Research Company LLC	0.69%	-3.04%	3.62%	5.79%
Seeks long-term capital appreciation	Fidelity^® VIP Contrafund^® Portfolio Adviser: Fidelity Management & Research Company LLC	0.61%	21.43%	15.28%	15.69%
Seeks capital appreciation	Fidelity^® VIP Disciplined Small Cap Portfolio Adviser: Fidelity Management & Research Company LLC	0.40%	17.28%	10.29%	10.51%
Seeks capital appreciation	Fidelity^® VIP Dynamic Capital Appreciation Portfolio Adviser: Fidelity Management & Research Company LLC	0.81%	18.72%	13.58%	14.78%
Seeks capital appreciation	Fidelity^® VIP Emerging Markets Portfolio Adviser: Fidelity Management & Research Company LLC	0.94%	41.06%	5.79%	10.84%
Seeks capital appreciation	Fidelity^® VIP Energy Portfolio Adviser: Fidelity Management & Research Company LLC	0.68%	10.49%	24.08%	7.87%
Seeks reasonable income while also considering the potential for capital appreciation. The fund’s goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500^® Index	Fidelity^® VIP Equity-Income Portfolio Adviser: Fidelity Management & Research Company LLC	0.53%	18.94%	12.44%	11.51%
Seeks to provide investment results that correspond to the total return of stocks of mid‑ to small‑capitalization U.S. companies	Fidelity^® VIP Extended Market Index Portfolio Adviser: Fidelity Management & Research Company LLC Principal Subadviser: Geode Capital Management, LLC	0.12%	12.32%	8.02%	—


Investment Objective	Fund & Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/25)
Investment Objective	Fund & Adviser/Subadviser	Current Expenses	1 year	5 year	10 year
Seeks capital appreciation	Fidelity^® VIP Financials Portfolio Adviser: Fidelity Management & Research Company LLC	0.68%	15.08%	16.38%	13.31%
Seeks a high level of current income	Fidelity^® VIP Floating Rate High Income Portfolio Adviser: Fidelity Management & Research Company LLC	0.76%	5.23%	6.00%	5.40%
Seeks high current income and, as a secondary objective, capital appreciation	Fidelity^® VIP FundsManager^® 20% Portfolio Adviser: Fidelity Management & Research Company LLC	0.47%*	9.14%	3.14%	4.23%
Seeks high current income and, as a secondary objective, capital appreciation	Fidelity^® VIP FundsManager^® 30% Portfolio Adviser: Fidelity Management & Research Company LLC	0.54%*	10.86%	—	—
Seeks current income as well as total return. The fund also considers the potential for capital appreciation	Fidelity^® VIP FundsManager^® 40% Portfolio Adviser: Fidelity Management & Research Company LLC	0.57%*	12.40%	—	—
Seeks high total return	Fidelity^® VIP FundsManager^® 50% Portfolio Adviser: Fidelity Management & Research Company LLC	0.59%*	14.13%	5.78%	7.24%
Seeks high total return	Fidelity^® VIP FundsManager^® 60% Portfolio Adviser: Fidelity Management & Research Company LLC	0.63%*	15.71%	6.67%	8.19%
Seeks high total return	Fidelity^® VIP FundsManager^® 70% Portfolio Adviser: Fidelity Management & Research Company LLC	0.65%*	17.12%	7.74%	9.12%
Seeks high total return	Fidelity^® VIP FundsManager^® 85% Portfolio Adviser: Fidelity Management & Research Company LLC	0.68%*	19.46%	9.10%	10.51%
Seeks as high a level of current income as is consistent with preservation of capital and liquidity	Fidelity^® VIP Government Money Market Portfolio Adviser: Fidelity Management & Research Company LLC	0.28%	4.10%	3.08%	2.01%


Investment Objective	Fund & Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/25)
Investment Objective	Fund & Adviser/Subadviser	Current Expenses	1 year	5 year	10 year
Seeks to achieve capital appreciation	Fidelity^® VIP Growth Portfolio Adviser: Fidelity Management & Research Company LLC	0.62%	14.84%	13.62%	17.36%
Seeks high total return through a combination of current income and capital appreciation	Fidelity^® VIP Growth & Income Portfolio Adviser: Fidelity Management & Research Company LLC	0.55%	21.39%	16.02%	13.75%
Seeks to provide capital growth	Fidelity^® VIP Growth Opportunities Portfolio Adviser: Fidelity Management & Research Company LLC	0.64%	21.93%	11.23%	19.85%
Seeks capital appreciation	Fidelity^® VIP Health Care Portfolio Adviser: Fidelity Management & Research Company LLC	0.67%	14.27%	4.10%	8.66%
Seeks capital appreciation	Fidelity^® VIP Hedged Equity Portfolio Adviser: Fidelity Diversifying Solutions LLC	0.56%*	—	—	—
Seeks a high level of current income, while also considering growth of capital	Fidelity^® VIP High Income Portfolio Adviser: Fidelity Management & Research Company LLC	0.85%*	10.45%	4.24%	5.57%
Seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500^® Index	Fidelity^® VIP Index 500 Portfolio Adviser: Fidelity Management & Research Company LLC Principal Subadviser: Geode Capital Management, LLC	0.09%	17.78%	14.31%	14.70%
Seeks capital appreciation	Fidelity^® VIP Industrials Portfolio Adviser: Fidelity Management & Research Company LLC	0.68%	24.42%	14.70%	12.89%
Seeks capital appreciation	Fidelity^® VIP International Capital Appreciation Portfolio Adviser: Fidelity Management & Research Company LLC	0.85%	18.56%	6.16%	9.72%
Seeks to provide investment results that correspond to the total return of foreign developed and emerging stock markets	Fidelity^® VIP International Index Portfolio Adviser: Fidelity Management & Research Company LLC Principal Subadviser: Geode Capital Management, LLC	0.16%	33.15%	8.02%	—


Investment Objective	Fund & Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/25)
Investment Objective	Fund & Adviser/Subadviser	Current Expenses	1 year	5 year	10 year
Seeks as high a level of current income as is consistent with the preservation of capital	Fidelity^® VIP Investment Grade Bond Portfolio Adviser: Fidelity Management & Research Company LLC	0.41%	7.22%	0.02%	2.68%
Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond	Fidelity^® VIP Investor Freedom^SM 2010 Portfolio Adviser: Fidelity Management & Research Company LLC	0.42%	10.57%	3.11%	5.68%
Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond	Fidelity^® VIP Investor Freedom^SM 2015 Portfolio Adviser: Fidelity Management & Research Company LLC	0.45%	11.87%	3.95%	6.55%
Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond	Fidelity^® VIP Investor Freedom^SM 2020 Portfolio Adviser: Fidelity Management & Research Company LLC	0.49%	13.29%	4.79%	7.33%
Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond	Fidelity^® VIP Investor Freedom^SM 2025 Portfolio Adviser: Fidelity Management & Research Company LLC	0.51%	14.44%	5.46%	7.95%
Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond	Fidelity^® VIP Investor Freedom^SM 2030 Portfolio Adviser: Fidelity Management & Research Company LLC	0.54%	15.37%	6.18%	8.81%
Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond	Fidelity^® VIP Investor Freedom^SM2035 Portfolio Adviser: Fidelity Management & Research Company LLC	0.58%	16.61%	—	—
Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond	Fidelity^® VIP Investor Freedom^SM 2040 Portfolio Adviser: Fidelity Management & Research Company LLC	0.63%	18.69%	—	—
Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond	Fidelity^® VIP Investor Freedom^SM 2045 Portfolio Adviser: Fidelity Management & Research Company LLC	0.67%	19.69%	—	—


Investment Objective	Fund & Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/25)
Investment Objective	Fund & Adviser/Subadviser	Current Expenses	1 year	5 year	10 year
Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond	Fidelity^® VIP Investor Freedom^SM 2050 Portfolio Adviser: Fidelity Management & Research Company LLC	0.67%	19.73%	—	—
Seeks high total return with a secondary objective of principal preservation	Fidelity^® VIP Investor Freedom Retirement^SM Portfolio† Adviser: Fidelity Management & Research Company LLC	0.39%	9.63%	2.31%	4.40%
Seeks capital appreciation	Fidelity^® VIP Materials Portfolio Adviser: Fidelity Management & Research Company LLC	0.76%	11.24%	6.98%	7.59%
Seeks long-term growth of capital	Fidelity^® VIP Mid Cap Portfolio Adviser: Fidelity Management & Research Company LLC	0.63%	11.68%	10.02%	10.50%
Seeks long-term growth of capital	Fidelity^® VIP Overseas Portfolio Adviser: Fidelity Management & Research Company LLC	0.80%	20.32%	6.54%	7.85%
Seeks above average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500^® Index	Fidelity^® VIP Real Estate Portfolio Adviser: Fidelity Management & Research Company LLC	0.68%	3.06%	4.15%	3.79%
Seeks a high level of current income. The fund may also seek capital appreciation	Fidelity^® VIP Strategic Income Portfolio Adviser: Fidelity Management & Research Company LLC	0.67%	8.82%	3.02%	4.62%
Seeks capital appreciation	Fidelity^® VIP Technology Portfolio Adviser: Fidelity Management & Research Company LLC	0.64%	23.28%	16.75%	23.67%
Seeks to provide investment results that correspond to the total return of a broad range of U.S. stocks	Fidelity^® VIP Total Market Index Portfolio Adviser: Fidelity Management & Research Company LLC Principal Subadviser: Geode Capital Management, LLC	0.11%	17.11%	13.14%	—


Investment Objective	Fund & Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/25)
Investment Objective	Fund & Adviser/Subadviser	Current Expenses	1 year	5 year	10 year
Seeks capital appreciation	Fidelity^® VIP Utilities Portfolio Adviser: Fidelity Management & Research Company LLC	0.68%	14.03%	12.43%	12.42%
Seeks capital appreciation	Fidelity^® VIP Value Portfolio Adviser: Fidelity Management & Research Company LLC	0.68%	11.16%	13.02%	11.15%
Seeks capital appreciation	Fidelity^® VIP Value Strategies Portfolio Adviser: Fidelity Management & Research Company LLC	0.66%	7.89%	12.06%	10.74%
Seeks income	Franklin U.S. Government Securities VIP Fund Adviser: Franklin Advisers, Inc.	0.79%	6.69%	0.02%	1.14%
Seeks capital appreciation	Invesco V.I. Global Fund Adviser: Invesco Advisers, Inc.	0.81%	15.32%	7.28%	11.00%
Seeks long-term capital appreciation	Lazard Retirement Emerging Markets Equity Portfolio Adviser: Lazard Asset Management LLC	1.13%*	42.12%	11.04%	9.63%
Seeks high total return by investing primarily in fixed income securities of government and government-related issuers and, to a lesser extent, of corporate issuers in emerging market countries	Morgan Stanley Variable Insurance Fund, Inc. (“Morgan Stanley”) Emerging Markets Debt Portfolio Adviser: Morgan Stanley Investment Management Inc.	1.10%*	15.33%	2.70%	4.51%
Seeks long-term capital appreciation by investing primarily in growth-oriented equity securities of issuers in emerging market countries	Morgan Stanley Emerging Markets Equity Portfolio Adviser: Morgan Stanley Investment Management Inc.	1.25%*	32.96%	4.37%	7.27%
Seeks total return	Morgan Stanley Global Strategist Portfolio Adviser: Morgan Stanley Investment Management Inc.	0.90%*	17.40%	5.31%	6.85%


Investment Objective	Fund & Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/25)
Investment Objective	Fund & Adviser/Subadviser	Current Expenses	1 year	5 year	10 year
Seeks maximum real return, consistent with prudent investment management	PIMCO Variable Insurance Trust (“VIT”) CommodityRealReturn^® Strategy Portfolio Adviser: Pacific Investment Management Company LLC	3.19%*	18.79%	10.55%	6.54%
Seeks maximum total return, consistent with preservation of capital and prudent investment management	PIMCO VIT Low Duration Portfolio Adviser: Pacific Investment Management Company LLC	0.66%	5.52%	1.57%	1.79%
Seeks maximum real return, consistent with preservation of real capital and prudent investment management	PIMCO VIT Real Return Portfolio Adviser: Pacific Investment Management Company LLC	1.39%	7.85%	1.21%	3.21%
Seeks maximum total return, consistent with preservation of capital and prudent investment management	PIMCO VIT Total Return Portfolio Adviser: Pacific Investment Management Company LLC	0.73%	8.89%	0.02%	2.36%
Seeks high current income, consistent with preservation of capital, with capital appreciation as a secondary consideration	Templeton Global Bond VIP Fund Adviser: Franklin Advisers, Inc.	0.75%*	15.73%	-0.96%	-0.15%

Each Fidelity Subaccount invests in Investor Class shares of each Fund except for the VIP Index 500 Portfolio, VIP Bond Index Portfolio, VIP Extended Market Index Portfolio, VIP International Index Portfolio and VIP Total Market Index Portfolio which invest in Initial Class shares of each Fund.

*	This Fund’s current expenses reflect temporary fee reductions. See the Fund’s prospectus for additional information.

†	Prior to April 30, 2026, the fund was named Fidelity^® VIP Investor Freedom Income Portfolio.

We have filed additional information about the Contract and the Variable Account with the Securities and Exchange Commission in a Statement of Additional Information (“SAI”) dated April 30, 2026. The SAI is incorporated by reference in this prospectus and is available, without charge, upon request. To request the SAI, other information about the Contract, or to make investor inquiries, call us at 1‑800‑544‑2442.

Reports and other information about the Variable Account are available on the Securities and Exchange Commission’s website at http://www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

Edgar Contract Identifier: C000024026

PRA‑PRO‑0426

1.819863.126

PERSONAL RETIREMENT ANNUITY

STATEMENT OF ADDITIONAL INFORMATION

April 30, 2026

This Statement of Additional Information supplements the information found in the current Prospectus for the variable annuity contracts (“Contracts”) offered by Empire Fidelity Investments Life Insurance Company^® (“EFILI” or the “Company”) through Empire Fidelity Investments Variable Annuity Account A (the “Variable Account”). You may obtain a copy of the Prospectus dated April 30, 2026, without charge by calling 1-800-544-2442.

THIS STATEMENT OF ADDITIONAL INFORMATION IS NOT A PROSPECTUS.

Table of Contents


	PAGE

General Information and History		2

Non-Principal Risks of Investing in the Contract		2

Unavailability of Annuity Income Options in Certain Circumstances		2

Safekeeping of Variable Account Assets		3

Distribution of the Contracts		3

Underwriting Commissions		3

State Regulation		3

Legal Matters		3

Experts		4

Financial Statements		4

Variable Account (enclosed)

Empire Fidelity Investments Life Insurance Company (enclosed)

PRA-PTB-0426

1.819864.124

GENERAL INFORMATION AND HISTORY

Empire Fidelity Investments Life Insurance Company (“EFILI”)

EFILI is a stock life insurance company that was established in 1991 and exists in accordance with the laws, rules and regulations of the State of New York. EFILI issues life insurance and annuity products only in the State of New York. EFILI is part of Fidelity Investments, a group of companies that provides a variety of financial services and products. EFILI is a wholly-owned subsidiary of Fidelity Investments Life Insurance Company. Fidelity Investments Life Insurance Company is a wholly-owned subsidiary of FMR LLC, the parent company of the Fidelity Investments companies. Abigail P. Johnson, certain Johnson family members, and various key employees of FMR LLC own the voting common stock of FMR LLC.

Empire Fidelity Investments Variable Annuity Account A (the “Variable Account”)

The Variable Account is a separate investment account of EFILI established pursuant to New York law on July 15, 1991. It is registered with the Securities and Exchange Commission (“SEC”) as a unit investment trust under the Investment Company Act of 1940 (“1940 Act”). It is also a separate account as defined under the federal securities laws.

NON-PRINCIPAL RISKS OF INVESTING IN THE CONTRACT

Considerations Regarding Cybersecurity

With the increased use of technologies such as the Internet to conduct business, our business, including our variable insurance business, is susceptible to operational, information security and related risks. In general, cyber incidents can result from deliberate attacks or unintentional events and may arise from external or internal sources. Cyber attacks include, but are not limited to, gaining unauthorized access to digital systems (e.g., through “hacking” or malicious software coding) for purposes of misappropriating assets or sensitive information; corrupting data, equipment or systems; or causing operational disruption. Cyber attacks may also be carried out in a manner that does not require gaining unauthorized access, such as causing denial-of-service attacks on websites (i.e., efforts to make network services unavailable to intended users). Cyber incidents affecting EFILI, the Funds, and any affiliated or unaffiliated vendors or service providers have the ability to cause disruptions and impact business operations, potentially resulting in financial losses, interference with our processing of policy transactions (including surrenders, withdrawals, annuity income payments, and insurance proceeds), our ability to calculate Accumulation Unit Values and Annuity Income Unit Values, destruction to equipment and systems, violations of applicable privacy and other laws, regulatory fines, penalties, reputational damage, reimbursement or other compensation costs, or additional compliance costs. In addition, substantial costs may be incurred in order to prevent any cyber incidents in the future. While EFILI has established business continuity plans in the event of, and risk management systems to prevent, such cyber incidents, there are inherent limitations in such plans and systems including the possibility that certain risks have not been identified.

Furthermore, EFILI cannot control the cyber security plans and systems put in place by its service providers or any other third parties whose operations may affect its business. A variable insurance product and its Owners, Annuitants, Insureds, and Beneficiaries could be negatively impacted as a result.

UNAVAILABILITY OF ANNUITY INCOME OPTIONS IN CERTAIN CIRCUMSTANCES

We do not offer annuity income options to any corporate beneficiary, partnership or trustee; any assignee; or the executors or administrators of the Annuitant’s estate.

SAFEKEEPING OF VARIABLE ACCOUNT ASSETS

The assets of the Variable Account are held by EFILI. The assets of the Variable Account are held apart from our general account assets and any other separate accounts we may establish. We maintain records of all purchases and redemptions of the shares of the Funds held by the Subaccounts. We maintain fidelity bond coverage for the acts of our officers and employees.

DISTRIBUTION OF THE CONTRACTS

As explained in the Prospectus, the Contract is distributed through Fidelity Brokerage Services LLC (“FBS”) and Fidelity Insurance Agency, Inc. (“FIA”). FBS is the principal underwriter. FIA is a wholly-owned, direct subsidiary of FMR LLC; and FBS and EFILI are wholly-owned, indirect subsidiaries of FMR LLC. The principal business address of FBS is 900 Salem Street, Smithfield, Rhode Island 02917. The offering of the Contract is continuous, and we do not anticipate discontinuing offering the Contract. However, we reserve the right to discontinue offering the Contract.

UNDERWRITING COMMISSIONS



Year	Underwriting Commissions Paid to FBS	Amount of Underwriting Commissions Retained by FBS

2025	$587,000	$587,000

2024	$867,755	$867,755

2023	$733,472	$733,472

EFILI does not pay commissions to any third-party investment advisory firm (the “Advisor”) that you may choose to employ because such Advisors receive compensation in connection with the Contract in the form of advisory fees you agreed to pay to the Advisor. Please note that you can purchase and own this Contract without hiring or paying advisory fees to an Advisor.

STATE REGULATION

EFILI is subject to regulation by the Department of Insurance of the State of New York, which periodically examines our financial condition and operations. We are also subject to the insurance laws and regulations of all jurisdictions where we do business. The Contracts described in the Prospectus and Statement of Additional Information have been filed with and, where required, approved by, insurance officials in those jurisdictions where it is sold.

We are required to submit annual statements of our operations, including financial statements, to the insurance departments of the various jurisdictions where we do business to determine solvency and compliance with applicable insurance laws and regulations.

LEGAL MATTERS

The legal validity of the Contracts described in the Prospectus and Statement of Additional Information has been passed on by Lance A. Warrick, General Counsel of Empire Fidelity Investments Life Insurance Company.

EXPERTS

The financial statements of the Company as of December 31, 2025 and 2024 and for each of the three years in the period ended December 31, 2025, and the financial statements of each of the subaccounts of Empire Fidelity Investments Variable Annuity Account A as of December 31, 2025 and for each of the periods indicated, included in this Statement of Additional Information constituting part of this Registration Statement, have been so included in reliance on the reports of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting. The principal business address for PricewaterhouseCoopers LLP is 101 Seaport Boulevard, Boston, Massachusetts 02210.

FINANCIAL STATEMENTS

The financial statements of Empire Fidelity Investments Life Insurance Company included herein should be distinguished from the financial statements of the Variable Account and should be considered only as bearing upon our ability to meet our obligations under the Contracts.

LOGO

Empire Fidelity(R) Investments Variable Annuity Account A Annual Report December 31, 2021 Empire Fidelity Investments Life Insurance Company(R)

This report and the financial statements contained herein are submitted for the general information of Empire Fidelity Investments Life Insurance Company variable annuity owners. This report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. Neither Empire Fidelity Investments Life Insurance Company nor Fidelity Brokerage Services LLC is a bank, and neither the annuities nor mutual fund shares are backed or guaranteed by any bank or insured by the FDIC.

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Government Money Market Initial Class		VIP – Government Money Market Investor Class		VIP – High Income Initial Class		VIP – High Income Investor Class		VIP – Equity-Income Initial Class		VIP – Equity-Income Investor Class		VIP – Growth Initial Class		VIP – Growth Investor Class

Assets:

Investments at market value	$	26,166	$	258,306	$	3,606	$	27,576	$	43,572	$	73,709	$	86,448	$	105,369

Receivable from EFILI		2		—		—		—		—		—		23		1

Total assets	$	26,168	$	258,306	$	3,606	$	27,576	$	43,572	$	73,709	$	86,471	$	105,370

Liabilities:

Payable to EFILI		—		—		28		—		50		—		—		—

Total net assets	$	26,168	$	258,306	$	3,578	$	27,576	$	43,522	$	73,709	$	86,471	$	105,370


Net Assets:

Fidelity Retirement Reserves	$	25,943	$	—	$	3,043	$	—	$	40,542	$	—	$	82,690	$	—

Fidelity Income Advantage		225		—		535		—		2,980		—		3,781		—

Fidelity Personal Retirement		—		256,479		—		27,576		—		73,709		—		105,370

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		1,827		—		—		—		—		—		—

Total net assets	$	26,168	$	258,306	$	3,578	$	27,576	$	43,522	$	73,709	$	86,471	$	105,370


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		1,098		—		42		—		165		—		159		—


Unit Value	$	23.62	$	—	$	72.23	$	—	$	244.92	$	—	$	519.23	$	—


Fidelity Income Advantage:

Units Outstanding		10		—		9		—		13		—		8		—


Unit Value	$	22.39	$	—	$	68.46	$	—	$	232.12	$	—	$	492.09	$	—


Fidelity Personal Retirement:

Units Outstanding		—		20,327		—		1,142		—		1,419		—		975


Highest Value	$	—	$	13.49	$	—	$	34.02	$	—	$	78.84	$	—	$	158.21


Lowest Value	$	—	$	11.83	$	—	$	28.44	$	—	$	47.75	$	—	$	102.25


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		176		—		—		—		—		—		—


Highest Value	$	—	$	10.55	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	9.97	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		3		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Overseas Initial Class		VIP – Overseas Investor Class		VIP – Investment Grade Bond Initial Class		VIP – Investment Grade Bond Investor Class		VIP – Asset Manager 50% Initial Class^(B)		VIP – Asset Manager 50% Investor Class^(B)		VIP – Index 500 Initial Class		VIP – Asset Manager 70% Initial Class^(B)

Assets:

Investments at market value	$	8,085	$	28,208	$	8,899	$	67,756	$	19,468	$	26,059	$	599,886	$	6,395

Receivable from EFILI		2		—		—		—		—		—		—		3

Total assets	$	8,087	$	28,208	$	8,899	$	67,756	$	19,468	$	26,059	$	599,886	$	6,398

Liabilities:

Payable to EFILI		—		—		57		—		66		—		140		—

Total net assets	$	8,087	$	28,208	$	8,842	$	67,756	$	19,402	$	26,059	$	599,746	$	6,398


Net Assets:

Fidelity Retirement Reserves	$	7,857	$	—	$	7,829	$	—	$	18,627	$	—	$	71,687	$	6,178

Fidelity Income Advantage		230		—		1,013		—		775		—		3,794		220

Fidelity Personal Retirement		—		28,208		—		67,756		—		26,059		524,265		—

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	8,087	$	28,208	$	8,842	$	67,756	$	19,402	$	26,059	$	599,746	$	6,398


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		89		—		162		—		194		—		318		82


Unit Value	$	88.41	$	—	$	48.59	$	—	$	96.17	$	—	$	224.78	$	74.92


Fidelity Income Advantage:

Units Outstanding		2		—		23		—		9		—		18		3


Unit Value	$	83.79	$	—	$	46.05	$	—	$	91.14	$	—	$	213.03	$	71.00


Fidelity Personal Retirement:

Units Outstanding		—		914		—		4,184		—		847		6,538		—


Highest Value	$	—	$	41.88	$	—	$	19.16	$	—	$	40.21	$	112.03	$	—


Lowest Value	$	—	$	30.79	$	—	$	18.96	$	—	$	33.34	$	76.90	$	—


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

^(B)	Fund Name Change (Note 1)

See accompanying notes which are an integral part of the financial statements.


		4		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Asset Manager 70% Investor Class^(B)		VIP – Contrafund Initial Class		VIP – Contrafund Investor Class		VIP – Balanced Initial Class		VIP – Balanced Investor Class		VIP – Dynamic Capital Appreciation Initial Class		VIP – Dynamic Capital Appreciation Investor Class		VIP – Growth & Income Initial Class

Assets:

Investments at market value	$	18,322	$	181,889	$	336,141	$	13,037	$	348,686	$	3,984	$	19,904	$	21,846

Receivable from EFILI		—		—		1		5		—		1		—		19

Total assets	$	18,322	$	181,889	$	336,142	$	13,042	$	348,686	$	3,985	$	19,904	$	21,865

Liabilities:

Payable to EFILI		—		115		—		—		—		—		—		—

Total net assets	$	18,322	$	181,774	$	336,142	$	13,042	$	348,686	$	3,985	$	19,904	$	21,865


Net Assets:

Fidelity Retirement Reserves	$	—	$	173,261	$	—	$	12,194	$	—	$	3,810	$	—	$	20,282

Fidelity Income Advantage		—		8,513		—		848		—		175		—		1,583

Fidelity Personal Retirement		18,322		—		336,142		—		293,576		—		19,904		—

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		55,110		—		—		—

Total net assets	$	18,322	$	181,774	$	336,142	$	13,042	$	348,686	$	3,985	$	19,904	$	21,865


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		—		584		—		165		—		39		—		199


Unit Value	$	—	$	296.85	$	—	$	73.91	$	—	$	97.65	$	—	$	101.62


Fidelity Income Advantage:

Units Outstanding		—		31		—		12		—		2		—		16


Unit Value	$	—	$	281.33	$	—	$	70.05	$	—	$	93.37	$	—	$	96.31


Fidelity Personal Retirement:

Units Outstanding		464		—		3,931		—		5,720		—		227		—


Highest Value	$	52.80	$	—	$	125.46	$	—	$	74.75	$	—	$	132.62	$	—


Lowest Value	$	39.67	$	—	$	87.08	$	—	$	54.25	$	—	$	87.79	$	—


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		875		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	63.02	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	37.02	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		514		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	61.40	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	36.00	$	—	$	—	$	—

^(B)	Fund Name Change (Note 1)

See accompanying notes which are an integral part of the financial statements.


		5		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Growth & Income Investor Class		VIP – Growth Opportunities Initial Class		VIP – Growth Opportunities Investor Class		VIP – Mid Cap Initial Class		VIP – Mid Cap Investor Class		VIP – Value Strategies Initial Class		VIP – Value Strategies Investor Class		VIP – Utilities Initial Class

Assets:

Investments at market value	$	45,815	$	25,912	$	126,958	$	24,150	$	59,771	$	3,977	$	16,297	$	2,261

Receivable from EFILI		—		—		1		—		—		—		—		1

Total assets	$	45,815	$	25,912	$	126,959	$	24,150	$	59,771	$	3,977	$	16,297	$	2,262

Liabilities:

Payable to EFILI		—		333		—		52		—		3		—		—

Total net assets	$	45,815	$	25,579	$	126,959	$	24,098	$	59,771	$	3,974	$	16,297		2,262


Net Assets:

Fidelity Retirement Reserves	$	—	$	23,770	$	—	$	21,780	$	—	$	3,589	$	—	$	2,162

Fidelity Income Advantage		—		1,809		—		2,318		—		385		—		100

Fidelity Personal Retirement		45,815		—		126,959		—		59,771		—		16,297		—

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	45,815	$	25,579	$	126,959	$	24,098	$	59,771	$	3,974	$	16,297	$	2,262


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		—		166		—		233		—		61		—		37


Unit Value	$	—	$	143.09	$	—	$	93.62	$	—	$	58.73	$	—	$	59.03


Fidelity Income Advantage:

Units Outstanding		—		16		—		27		—		7		—		2


Unit Value	$	—	$	135.61	$	—	$	88.89	$	—	$	56.15	$	—	$	56.19


Fidelity Personal Retirement:

Units Outstanding		638		—		902		—		1,212		—		315		—


Highest Value	$	99.01	$	—	$	238.74	$	—	$	79.56	$	—	$	105.53	$	—


Lowest Value	$	67.35	$	—	$	128.93	$	—	$	57.00	$	—	$	50.46	$	—


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		6		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Utilities Investor Class		VIP – Technology Initial Class		VIP – Technology Investor Class		VIP – Energy Initial Class		VIP – Energy Investor Class		VIP – Health Care Initial Class		VIP – Health Care Investor Class		VIP – Financials Initial Class

Assets:

Investments at market value	$	24,178	$	52,203	$	218,084	$	2,315	$	11,729	$	9,638	$	48,012	$	1,325

Receivable from EFILI		—		66		—		—		—		4		—		1

Total assets	$	24,178	$	52,269	$	218,084	$	2,315	$	11,729	$	9,642	$	48,012	$	1,326

Liabilities:

Payable to EFILI		—		—		—		6		—		—		—		—

Total net assets	$	24,178	$	52,269	$	218,084	$	2,309	$	11,729	$	9,642	$	48,012	$	1,326


Net Assets:

Fidelity Retirement Reserves	$	—	$	49,967	$	—	$	2,274	$	—	$	9,275	$	—	$	1,259

Fidelity Income Advantage		—		2,302		—		35		—		367		—		67

Fidelity Personal Retirement		24,178		—		218,084		—		11,729		—		48,012		—

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	24,178	$	52,269	$	218,084	$	2,309	$	11,729	$	9,642	$	48,012	$	1,326


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		—		278		—		55		—		109		—		32


Unit Value	$	—	$	179.03	$	—	$	41.42	$	—	$	85.03	$	—	$	39.45


Fidelity Income Advantage:

Units Outstanding		—		13		—		1		—		4		—		2


Unit Value	$	—	$	170.42	$	—	$	39.43	$	—	$	80.94	$	—	$	37.56


Fidelity Personal Retirement:

Units Outstanding		427		—		1,240		—		474		—		605		—


Highest Value	$	65.17	$	—	$	374.12	$	—	$	34.77	$	—	$	112.25	$	—


Lowest Value	$	63.97	$	—	$	209.73	$	—	$	26.12	$	—	$	80.04	$	—


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		7		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Financials Investor Class		VIP – Industrials Initial Class		VIP – Industrials Investor Class		VIP – Consumer Discretionary Initial Class		VIP – Consumer Discretionary Investor Class		VIP – Real Estate Initial Class		VIP – Real Estate Investor Class		VIP – Strategic Income Initial Class

Assets:

Investments at market value	$	26,717	$	3,183	$	32,683	$	1,884	$	23,306	$	1,748	$	11,607	$	3,807

Receivable from EFILI		—		—		—		2		—		1		1		—

Total assets	$	26,717	$	3,183	$	32,683	$	1,886	$	23,306	$	1,749	$	11,608	$	3,807

Liabilities:

Payable to EFILI		—		—		—		—		—		—		—		7

Total net assets	$	26,717	$	3,183	$	32,683	$	1,886	$	23,306	$	1,749	$	11,608	$	3,800


Net Assets:

Fidelity Retirement Reserves	$	—	$	3,099	$	—	$	1,728	$	—	$	1,649	$	—	$	3,241

Fidelity Income Advantage		—		84		—		158		—		100		—		559

Fidelity Personal Retirement		26,717		—		32,683		—		23,306		—		11,608		—

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	26,717	$	3,183	$	32,683	$	1,886	$	23,306	$	1,749	$	11,608	$	3,800


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		—		27		—		24		—		37		—		126


Unit Value	$	—	$	110.83	$	—	$	74.08	$	—	$	44.52	$	—	$	25.77


Fidelity Income Advantage:

Units Outstanding		—		—		—		2		—		3		—		23


Unit Value	$	—	$	—	$	—	$	70.52	$	—	$	42.57	$	—	$	24.66


Fidelity Personal Retirement:

Units Outstanding		533		—		459		—		313		—		404		—


Highest Value	$	88.64	$	—	$	116.08	$	—	$	132.80	$	—	$	65.20	$	—


Lowest Value	$	35.31	$	—	$	83.68	$	—	$	73.46	$	—	$	30.57	$	—


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		8		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Strategic Income Investor Class		VIP – International Capital Appreciation Initial Class		VIP – International Capital Appreciation Investor Class		VIP – Value Initial Class		VIP – Value Investor Class		VIP – Freedom Income Initial Class		VIP – Freedom Income Investor Class		VIP – Freedom 2010 Initial Class

Assets:

Investments at market value	$	58,206	$	2,257	$	43,119	$	1,299	$	26,220	$	1,294	$	4,215	$	382

Receivable from EFILI		—		—		—		2		—		—		—		—

Total assets	$	58,206	$	2,257	$	43,119	$	1,301	$	26,220	$	1,294	$	4,215	$	382

Liabilities:

Payable to EFILI		—		2		—		—		—		—		—		—

Total net assets	$	58,206	$	2,255	$	43,119	$	1,301	$	26,220	$	1,294	$	4,215	$	382


Net Assets:

Fidelity Retirement Reserves	$	—	$	2,156	$	—	$	921	$	—	$	1,294	$	—	$	382

Fidelity Income Advantage		—		99		—		380		—		—		—		—

Fidelity Personal Retirement		58,206		—		43,119		—		26,220		—		4,215		—

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	58,206	$	2,255	$	43,119	$	1,301	$	26,220	$	1,294	$	4,215	$	382


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		—		58		—		19		—		65		—		15


Unit Value	$	—	$	37.71	$	—	$	47.88	$	—	$	19.98	$	—	$	25.88


Fidelity Income Advantage:

Units Outstanding		—		3		—		8		—		—		—		—


Unit Value	$	—	$	36.18	$	—	$	45.94	$	—	$	—	$	—	$	—


Fidelity Personal Retirement:

Units Outstanding		2,776		—		1,037		—		475		—		201		—


Highest Value	$	26.78	$	—	$	78.90	$	—	$	98.18	$	—	$	22.47	$	—


Lowest Value	$	25.90	$	—	$	39.17	$	—	$	50.73	$	—	$	21.90	$	—


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		9		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Investor Freedom 2010 Investor Class		VIP – Freedom 2015 Initial Class		VIP – Investor Freedom 2015 Investor Class		VIP – Freedom 2020 Initial Class		VIP – Investor Freedom 2020 Investor Class		VIP – Freedom 2025 Initial Class		VIP – Investor Freedom 2025 Investor Class		VIP – Freedom 2030 Initial Class

Assets:

Investments at market value	$	4,715	$	772	$	8,728	$	1,165	$	13,913	$	874	$	15,547	$	1,280

Receivable from EFILI		—		—		—		—		—		—		—		—

Total assets	$	4,715	$	772	$	8,728	$	1,165	$	13,913	$	874	$	15,547	$	1,280

Liabilities:

Payable to EFILI		—		—		—		—		—		—		—		—

Total net assets	$	4,715	$	772	$	8,728	$	1,165	$	13,913	$	874	$	15,547	$	1,280


Net Assets:

Fidelity Retirement Reserves	$	—	$	772	$	—	$	1,165	$	—	$	874	$	—	$	1,280

Fidelity Income Advantage		—		—		—		—		—		—		—		—

Fidelity Personal Retirement		4,715		—		8,728		—		13,913		—		15,547		—

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	4,715	$	772	$	8,728	$	1,165	$	13,913	$	874	$	15,547	$	1,280


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		—		27		—		37		—		25		—		34


Unit Value	$	—	$	28.76	$	—	$	31.15	$	—	$	34.75	$	—	$	37.17


Fidelity Income Advantage:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Personal Retirement:

Units Outstanding		160		—		294		—		423		—		421		—


Highest Value	$	33.66	$	—	$	37.54	$	—	$	43.49	$	—	$	49.30	$	—


Lowest Value	$	27.89	$	—	$	30.84	$	—	$	33.20	$	—	$	36.84	$	—


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		10		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Investor Freedom 2030 Investor Class		VIP – Freedom 2035 Initial Class		VIP – Investor Freedom 2035 Investor Class		VIP – Freedom 2040 Initial Class		VIP – Investor Freedom 2040 Investor Class		VIP – Freedom 2045 Initial Class		VIP – Investor Freedom 2045 Investor Class		VIP – Freedom 2050 Initial Class

Assets:

Investments at market value	$	25,466	$	57	$	900	$	588	$	1,879	$	69	$	23	$	1

Receivable from EFILI		—		—		—		—		—		—		—		—

Total assets	$	25,466	$	57	$	900	$	588	$	1,879	$	69	$	23	$	1

Liabilities:

Payable to EFILI		—		—		—		—		—		—		—		—

Total net assets	$	25,466	$	57	$	900	$	588	$	1,879	$	69	$	23	$	1


Net Assets:

Fidelity Retirement Reserves	$	—	$	57	$	—	$	588	$	—	$	69	$	—	$	1

Fidelity Income Advantage		—		—		—		—		—		—		—		—

Fidelity Personal Retirement		25,466		—		900		—		1,879		—		23		—

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	25,466	$	57	$	900	$	588	$	1,879	$	69	$	23	$	1


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		—		3		—		41		—		5		—		—


Unit Value	$	—	$	13.82	$	—	$	14.49	$	—	$	14.76	$	—	$	—


Fidelity Income Advantage:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Personal Retirement:

Units Outstanding		636		—		64		—		128		—		1		—


Highest Value	$	55.44	$	—	$	14.06	$	—	$	14.74	$	—	$	15.00	$	—


Lowest Value	$	39.24	$	—	$	14.01	$	—	$	14.68	$	—	$	14.94	$	—


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		11		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Investor Freedom 2050 Investor Class		VIP – Freedom Lifetime Income I		VIP – Freedom Lifetime Income II		VIP – Freedom Lifetime Income III		VIP – Disciplined Small Cap Initial Class		VIP – Disciplined Small Cap Investor Class		VIP – FundsManager 20% Investor Class		VIP – FundsManager 30% Investor Class

Assets:

Investments at market value	$	318	$	926	$	879	$	2,441	$	1,446	$	30,190	$	49,966	$	869

Receivable from EFILI		—		4		4		4		1		—		1		—

Total assets	$	318	$	930	$	883	$	2,445	$	1,447	$	30,190	$	49,967	$	869

Liabilities:

Payable to EFILI		—		—		—		—		—		—		—		—

Total net assets	$	318	$	930	$	883	$	2,445	$	1,447	$	30,190	$	49,967	$	869


Net Assets:

Fidelity Retirement Reserves	$	—	$	—	$	—	$	—	$	1,401	$	—	$	2,404	$	106

Fidelity Income Advantage		—		—		—		—		46		—		343		—

Fidelity Personal Retirement		318		—		—		—		—		30,190		46,784		763

Fidelity Freedom Lifetime Income		—		930		883		2,445		—		—		436		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	318	$	930	$	883	$	2,445	$	1,447	$	30,190	$	49,967	$	869


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		—		—		—		—		35		—		129		9


Unit Value	$	—	$	—	$	—	$	—	$	39.53	$	—	$	18.53	$	12.16


Fidelity Income Advantage:

Units Outstanding		—		—		—		—		1		—		20		—


Unit Value	$	—	$	—	$	—	$	—	$	37.99	$	—	$	17.81	$	—


Fidelity Personal Retirement:

Units Outstanding		21		—		—		—		—		588		2,367		62


Highest Value	$	15.00	$	—	$	—	$	—	$	—	$	80.47	$	21.42	$	12.34


Lowest Value	$	14.94	$	—	$	—	$	—	$	—	$	43.38	$	20.66	$	12.34


Fidelity Freedom Lifetime Income:

Units Outstanding		—		42		32		73		—		—		25		—


Unit Value	$	—	$	22.20	$	26.72	$	33.15	$	—	$	—	$	17.60	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		12		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – FundsManager 40% Investor Class		VIP – FundsManager 50% Investor Class		VIP – FundsManager 60% Investor Class		VIP – FundsManager 70% Investor Class		VIP – FundsManager 85% Investor Class		VIP – Consumer Staples Initial Class		VIP – Consumer Staples Investor Class		VIP – Materials Initial Class

Assets:

Investments at market value	$	2,308	$	134,465	$	176,697	$	193,095	$	93,919	$	685	$	13,015	$	666

Receivable from EFILI		—		24		—		6		—		—		—		1

Total assets	$	2,308	$	134,489	$	176,697	$	193,101	$	93,919	$	685	$	13,015	$	667

Liabilities:

Payable to EFILI		1		—		77		—		4		—		—		—

Total net assets	$	2,307	$	134,489	$	176,620	$	193,101	$	93,915	$	685	$	13,015	$	667


Net Assets:

Fidelity Retirement Reserves	$	196	$	7,994	$	3,578	$	3,471	$	724	$	684	$	—	$	652

Fidelity Income Advantage		—		2,334		765		798		417		1		—		15

Fidelity Personal Retirement		2,111		120,292		121,608		187,089		92,774		—		13,015		—

Fidelity Freedom Lifetime Income		—		3,869		7,555		1,743		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		43,114		—		—		—		—		—

Total net assets	$	2,307	$	134,489	$	176,620	$	193,101	$	93,915	$	685	$	13,015	$	667


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		16		300		130		108		20		19		—		20


Unit Value	$	12.54	$	26.67	$	27.44	$	32.21	$	36.36	$	35.76	$	—	$	30.83


Fidelity Income Advantage:

Units Outstanding		—		91		33		26		11		—		—		1


Unit Value	$	—	$	25.63	$	26.48	$	30.96	$	34.94	$	—	$	—	$	29.69


Fidelity Personal Retirement:

Units Outstanding		166		4,039		3,829		5,038		2,149		—		342		—


Highest Value	$	12.73	$	37.15	$	44.49	$	51.51	$	64.68	$	—	$	48.90	$	—


Lowest Value	$	12.73	$	29.74	$	30.26	$	35.91	$	40.54	$	—	$	39.07	$	—


Fidelity Freedom Lifetime Income:

Units Outstanding		—		152		265		56		—		—		—		—


Unit Value	$	—	$	25.34	$	28.43	$	30.68	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		1,189		—		—		—		—		—


Highest Value	$	—	$	—	$	37.51	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	25.58	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		291		—		—		—		—		—


Highest Value	$	—	$	—	$	36.55	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	24.87	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		13		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Materials Investor Class		VIP – Communication Services Initial Class		VIP – Communication Services Investor Class		VIP – Hedged Equity Investor Class^(C)		VIP – Emerging Markets Initial Class		VIP – Emerging Markets Investor Class		VIP – Floating Rate High Income Initial Class		VIP – Floating Rate High Income Investor Class

Assets:

Investments at market value	$	4,650	$	4,173	$	27,669	$	276	$	899	$	22,496	$	1,722	$	27,855

Receivable from EFILI		—		6		—		—		1		—		2		—

Total assets	$	4,650	$	4,179	$	27,669	$	276	$	900	$	22,496	$	1,724	$	27,855

Liabilities:

Payable to EFILI		—		—		—		—		—		—		—		—

Total net assets	$	4,650	$	4,179	$	27,669	$	276	$	900	$	22,496	$	1,724	$	27,855


Net Assets:

Fidelity Retirement Reserves	$	—	$	3,162	$	—	$	—	$	886	$	—	$	1,667	$	—

Fidelity Income Advantage		—		1,017		—		—		14		—		57		—

Fidelity Personal Retirement		4,650		—		27,669		276		—		22,496		—		27,855

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	4,650	$	4,179	$	27,669	$	276	$	900	$	22,496	$	1,724	$	27,855


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		—		61		—		—		46		—		108		—


Unit Value	$	—	$	51.45	$	—	$	—	$	19.35	$	—	$	15.37	$	—


Fidelity Income Advantage:

Units Outstanding		—		20		—		—		1		—		4		—


Unit Value	$	—	$	49.55	$	—	$	—	$	18.67	$	—	$	15.01	$	—


Fidelity Personal Retirement:

Units Outstanding		138		—		406		24		—		866		—		1,687


Highest Value	$	68.22	$	—	$	136.32	$	11.74	$	—	$	56.12	$	—	$	16.62


Lowest Value	$	33.65	$	—	$	56.20	$	11.73	$	—	$	21.04	$	—	$	16.33


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

^(C)	New Fund (Note 1)

See accompanying notes which are an integral part of the financial statements.


		14		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	VIP – Bond Index Initial Class		VIP – Total Market Index Initial Class		VIP – Extended Market Index Initial Class		VIP – International Index Initial Class		VIF – Emerging Markets Equity Portfolio – Class I		VIF – Emerging Markets Debt Portfolio – Class I		VIF – Global Strategist – Class II		Lazard – Retirement Emerging Markets Portfolio – Investor

Assets:

Investments at market value	$	40,165	$	76,201	$	9,658	$	31,381	$	5,845	$	8,011	$	3,689	$	8,469

Receivable from EFILI		—		—		—		—		—		—		1		—

Total assets	$	40,165	$	76,201	$	9,658	$	31,381	$	5,845	$	8,011	$	3,690	$	8,469

Liabilities:

Payable to EFILI		45		49		—		28		6		—		—		—

Total net assets	$	40,120	$	76,152	$	9,658	$	31,353	$	5,839	$	8,011	$	3,690	$	8,469


Net Assets:

Fidelity Retirement Reserves	$	1,793	$	1,489	$	362	$	852	$	1,426	$	842	$	368	$	1,503

Fidelity Income Advantage		14		35		—		—		79		68		84		35

Fidelity Personal Retirement		38,313		74,628		9,296		30,501		4,334		7,101		3,238		6,931

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	40,120	$	76,152	$	9,658	$	31,353	$	5,839	$	8,011	$	3,690	$	8,469


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		165		60		21		53		34		20		13		57


Unit Value	$	10.87	$	24.74	$	17.13	$	16.10	$	42.92	$	42.88	$	27.49	$	25.98


Fidelity Income Advantage:

Units Outstanding		5		4		—		2		2		2		3		2


Unit Value	$	10.71	$	24.36	$	—	$	15.86	$	40.67	$	40.64	$	26.05	$	24.97


Fidelity Personal Retirement:

Units Outstanding		3,355		2,874		516		1,806		220		354		127		280


Highest Value	$	11.47	$	26.09	$	18.07	$	16.98	$	38.00	$	27.69	$	37.29	$	45.67


Lowest Value	$	11.34	$	25.79	$	17.86	$	16.79	$	21.95	$	24.40	$	21.90	$	28.97


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		15		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	Invesco – VI Global Core Equity Series I		Allspring – VT Discovery SMID Cap Growth Class 2		Allspring – VT Opportunity Class 2		PVIT – Commodity Real Return Portfolio – Administrative		PVIT – Low Duration Portfolio – Administrative		PVIT – Real Return Portfolio – Administrative		PVIT – Total Return Portfolio – Administrative		Blackrock – Global Allocation V.I. Fund – Class I

Assets:

Investments at market value	$	7,067	$	3,498	$	1,498	$	7,735	$	31,778	$	13,273	$	29,781	$	29,764

Receivable from EFILI		—		1		—		—		—		—		—		1

Total assets	$	7,067	$	3,499	$	1,498	$	7,735	$	31,778	$	13,273	$	29,781	$	29,765

Liabilities:

Payable to EFILI		22		—		46		—		—		1		—		—

Total net assets	$	7,045	$	3,499	$	1,452	$	7,735	$	31,778	$	13,272	$	29,781	$	29,765


Net Assets:

Fidelity Retirement Reserves	$	338	$	3,377	$	1,336	$	10	$	2,200	$	698	$	987	$	421

Fidelity Income Advantage		52		122		116		—		18		17		3		11

Fidelity Personal Retirement		6,655		—		—		7,725		29,560		12,557		28,791		29,333

Fidelity Freedom Lifetime Income		—		—		—		—		—		—		—		—

Fidelity Growth and Guaranteed Income		—		—		—		—		—		—		—		—

Total net assets	$	7,045	$	3,499	$	1,452	$	7,735	$	31,778	$	13,272	$	29,781	$	29,765


Units Outstanding and Unit Value:

Fidelity Retirement Reserves:

Units Outstanding		9		41		13		1		181		46		70		19


Unit Value	$	37.17	$	83.03	$	99.84	$	8.91	$	12.12	$	14.83	$	14.16	$	21.61


Fidelity Income Advantage:

Units Outstanding		2		2		2		—		2		1		—		1


Unit Value	$	35.23	$	78.69	$	94.62	$	—	$	11.73	$	14.35	$	—	$	21.02


Fidelity Personal Retirement:

Units Outstanding		213		—		—		790		2,275		813		1,922		1,243


Highest Value	$	40.39	$	—	$	—	$	9.82	$	13.27	$	16.22	$	15.49	$	23.81


Lowest Value	$	25.18	$	—	$	—	$	9.62	$	13.25	$	16.21	$	15.48	$	23.32


Fidelity Freedom Lifetime Income:

Units Outstanding		—		—		—		—		—		—		—		—


Unit Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Single Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Fidelity Growth and Guaranteed Income (Joint Annuitant):

Units Outstanding		—		—		—		—		—		—		—		—


Highest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Lowest Value	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		16		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Assets and Liabilities - continued

December 31, 2025


(In thousands, except per unit data)	Subaccounts Investing In:
	FTVIP – Templeton Global Bond Fund – Class 2		FTVIP – Franklin U.S. Government Securities Fund – Class 2
Assets:
Investments at market value	$	4,069	$	3,761
Receivable from EFILI		—		1

Total assets	$	4,069	$	3,762
Liabilities:
Payable to EFILI		—		—

Total net assets	$	4,069	$	3,762

Net Assets:
Fidelity Retirement Reserves	$	154	$	257
Fidelity Income Advantage		—		—
Fidelity Personal Retirement		3,915		3,505
Fidelity Freedom Lifetime Income		—		—
Fidelity Growth and Guaranteed Income		—		—

Total net assets	$	4,069	$	3,762

Units Outstanding and Unit Value:
Fidelity Retirement Reserves:
Units Outstanding		17		24

Unit Value	$	9.43	$	10.35

Fidelity Income Advantage:
Units Outstanding		—		—

Unit Value	$	—	$	—

Fidelity Personal Retirement:
Units Outstanding		380		309

Highest Value	$	10.39	$	11.40

Lowest Value	$	10.18	$	11.17

Fidelity Freedom Lifetime Income:
Units Outstanding		—		—

Unit Value	$	—	$	—

Fidelity Growth and Guaranteed Income (Single Annuitant):
Units Outstanding		—		—

Highest Value	$	—	$	—

Lowest Value	$	—	$	—

Fidelity Growth and Guaranteed Income (Joint Annuitant):
Units Outstanding		—		—

Highest Value	$	—	$	—

Lowest Value	$	—	$	—

See accompanying notes which are an integral part of the financial statements.


		17		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Government Money Market Initial Class		VIP – Government Money Market Investor Class		VIP – High Income Initial Class			VIP – High Income Investor Class			VIP – Equity-Income Initial Class		VIP – Equity-Income Investor Class		VIP – Growth Initial Class			VIP – Growth Investor Class

Income:
Dividends	$	1,017	$	10,314	$	229		$	1,739		$	753	$	1,204	$	240		$	227

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		188		—		23			—			297		—		610			—
Administrative and other charges		13		—		2			—			20		—		41			—

Total expenses		201		—		25			—			317		—		651			—


Fidelity Income Advantage
Mortality and expense risk charges		2		—		4			—			22		—		28			—
Administrative and other charges		1		—		1			—			7		—		9			—

Total expenses		3		—		5			—			29		—		37			—


Fidelity Personal Retirement
Mortality and expense risk charges		—		303		—			30			—		75		—			109
Administrative and other charges		—		127		—			14			—		35		—			52

Total expenses		—		430		—			44			—		110		—			161


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—		—			—			—		—		—			—
Administrative and other charges		—		—		—			—			—		—		—			—

Total expenses		—		—		—			—			—		—		—			—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		20		—			—			—		—		—			—
Administrative and other charges		—		5		—			—			—		—		—			—

Total expenses		—		25		—			—			—		—		—			—


Total expenses		204		455		30			44			346		110		688			161

Net investment income (loss)		813		9,859		199			1,695			407		1,094		(448	)		66


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		—		—		(330	)		(254	)		748		1,596		4,659			2,929
Realized gain distributions		—		—		—			—			2,335		3,827		10,722			13,151

Net realized gain (loss) on investments		—		—		(330	)		(254	)		3,083		5,423		15,381			16,080
Unrealized appreciation (depreciation)		—		—		452			1,111			3,576		5,147		(3,793	)		(2,087	)

Net increase (decrease) in net assets from operations	$	813	$	9,859	$	321		$	2,552		$	7,066	$	11,664	$	11,140		$	14,059

See accompanying notes which are an integral part of the financial statements.


		18		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Overseas Initial Class		VIP – Overseas Investor Class		VIP – Investment Grade Bond Initial Class			VIP – Investment Grade Bond Investor Class			VIP – Asset Manager 50% Initial Class		VIP – Asset Manager 50% Investor Class		VIP – Index 500 Initial Class		VIP – Asset Manager 70% Initial Class^(B)

Income:
Dividends	$	126	$	416	$	316		$	2,334		$	470	$	627	$	6,483	$	111

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		59		—		60			—			142		—		508		45
Administrative and other charges		4		—		4			—			9		—		34		3

Total expenses		63		—		64			—			151		—		542		48


Fidelity Income Advantage
Mortality and expense risk charges		2		—		8			—			6		—		29		2
Administrative and other charges		1		—		3			—			2		—		10		1

Total expenses		3		—		11			—			8		—		39		3


Fidelity Personal Retirement
Mortality and expense risk charges		—		27		—			69			—		28		517		—
Administrative and other charges		—		13		—			32			—		13		245		—

Total expenses		—		40		—			101			—		41		762		—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—		—			—			—		—		—		—
Administrative and other charges		—		—		—			—			—		—		—		—

Total expenses		—		—		—			—			—		—		—		—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—		—			—			—		—		—		—
Administrative and other charges		—		—		—			—			—		—		—		—

Total expenses		—		—		—			—			—		—		—		—


Total expenses		66		40		75			101			159		41		1,343		51

Net investment income (loss)		60		376		241			2,233			311		586		5,140		60


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		192		835		(244	)		(560	)		103		211		46,592		188
Realized gain distributions		700		2,401		—			—			901		1,064		2,915		203

Net realized gain (loss) on investments		892		3,236		(244	)		(560	)		1,004		1,275		49,507		391
Unrealized appreciation (depreciation)		383		785		557			2,689			1,279		1,473		36,885		544

Net increase (decrease) in net assets from operations	$	1,335	$	4,397	$	554		$	4,362		$	2,594	$	3,334	$	91,532	$	995

^(B)	Fund Name Change (Note 1)

See accompanying notes which are an integral part of the financial statements.


		19		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Asset Manager 70% Investor Class^(B)		VIP – Contrafund Initial Class			VIP – Contrafund Investor Class			VIP – Balanced Initial Class		VIP – Balanced Investor Class		VIP – Dynamic Capital Appreciation Initial Class			VIP – Dynamic Capital Appreciation Investor Class			VIP – Growth & Income Initial Class

Income:
Dividends	$	322	$	238		$	299		$	221	$	5,554	$	22		$	93		$	319

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—		1,224			—			92		—		26			—			140
Administrative and other charges		—		82			—			6		—		2			—			9

Total expenses		—		1,306			—			98		—		28			—			149


Fidelity Income Advantage
Mortality and expense risk charges		—		62			—			8		—		1			—			11
Administrative and other charges		—		21			—			3		—		—			—			4

Total expenses		—		83			—			11		—		1			—			15


Fidelity Personal Retirement
Mortality and expense risk charges		20		—			331			—		374		—			21			—
Administrative and other charges		8		—			154			—		137		—			9			—

Total expenses		28		—			485			—		511		—			30			—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—			—			—		—		—			—			—
Administrative and other charges		—		—			—			—		—		—			—			—

Total expenses		—		—			—			—		—		—			—			—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—			—			—		500		—			—			—
Administrative and other charges		—		—			—			—		134		—			—			—

Total expenses		—		—			—			—		634		—			—			—


Total expenses		28		1,389			485			109		1,145		29			30			164

Net investment income (loss)		294		(1,151	)		(186	)		112		4,409		(7	)		63			155


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		265		9,811			17,362			792		11,999		108			788			703
Realized gain distributions		435		27,378			50,575			700		16,611		654			3,358			1,920

Net realized gain (loss) on investments		700		37,189			67,937			1,492		28,610		762			4,146			2,623
Unrealized appreciation (depreciation)		1,364		(4,170	)		(8,446	)		76		11,974		(136	)		(975	)		1,004

Net increase (decrease) in net assets from operations	$	2,358	$	31,868		$	59,305		$	1,680	$	44,993	$	619		$	3,234		$	3,782

^(B)	Fund Name Change (Note 1)

See accompanying notes which are an integral part of the financial statements.


		20		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Growth & Income Investor Class		VIP – Growth Opportunities Initial Class			VIP – Growth Opportunities Investor Class			VIP – Mid Cap Initial Class			VIP – Mid Cap Investor Class			VIP – Value Strategies Initial Class			VIP – Value Strategies Investor Class			VIP – Utilities Initial Class

Income:
Dividends	$	638	$	—		$	—		$	100		$	209		$	42		$	157		$	41

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—		164			—			158			—			25			—			17
Administrative and other charges		—		11			—			11			—			2			—			1

Total expenses		—		175			—			169			—			27			—			18


Fidelity Income Advantage
Mortality and expense risk charges		—		15			—			18			—			3			—			1
Administrative and other charges		—		5			—			6			—			1			—			—

Total expenses		—		20			—			24			—			4			—			1


Fidelity Personal Retirement
Mortality and expense risk charges		45		—			116			—			62			—			16			—
Administrative and other charges		20		—			56			—			29			—			8			—

Total expenses		65		—			172			—			91			—			24			—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—			—			—			—			—			—			—
Administrative and other charges		—		—			—			—			—			—			—			—

Total expenses		—		—			—			—			—			—			—			—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—			—			—			—			—			—			—
Administrative and other charges		—		—			—			—			—			—			—			—

Total expenses		—		—			—			—			—			—			—			—


Total expenses		65		195			172			193			91			31			24			19

Net investment income (loss)		573		(195	)		(172	)		(93	)		118			11			133			22


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		1,900		1,728			5,158			138			253			(23	)		(258	)		98
Realized gain distributions		3,975		380			1,746			2,649			6,651			157			684			96

Net realized gain (loss) on investments		5,875		2,108			6,904			2,787			6,904			134			426			194
Unrealized appreciation (depreciation)		1,620		2,597			15,378			(378	)		(764	)		108			549			72

Net increase (decrease) in net assets from operations	$	8,068	$	4,510		$	22,110		$	2,316		$	6,258		$	253		$	1,108		$	288

See accompanying notes which are an integral part of the financial statements.


		21		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Utilities Investor Class		VIP – Technology Initial Class			VIP – Technology Investor Class			VIP – Energy Initial Class			VIP – Energy Investor Class			VIP – Health Care Initial Class			VIP – Health Care Investor Class		VIP – Financials Initial Class

Income:
Dividends	$	409	$	—		$	—		$	54		$	256		$	36		$	141	$	24

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—		340			—			19			—			66			—		10
Administrative and other charges		—		23			—			1			—			4			—		1

Total expenses		—		363			—			20			—			70			—		11


Fidelity Income Advantage
Mortality and expense risk charges		—		15			—			—			—			3			—		—
Administrative and other charges		—		5			—			—			—			1			—		—

Total expenses		—		20			—			—			—			4			—		—


Fidelity Personal Retirement
Mortality and expense risk charges		25		—			182			—			14			—			53		—
Administrative and other charges		11		—			96			—			6			—			23		—

Total expenses		36		—			278			—			20			—			76		—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—			—			—			—			—			—		—
Administrative and other charges		—		—			—			—			—			—			—		—

Total expenses		—		—			—			—			—			—			—		—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—			—			—			—			—			—		—
Administrative and other charges		—		—			—			—			—			—			—		—

Total expenses		—		—			—			—			—			—			—		—


Total expenses		36		383			278			20			20			74			76		11

Net investment income (loss)		373		(383	)		(278	)		34			236			(38	)		65		13


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		1,595		3,341			12,349			(121	)		(54	)		99			13		145
Realized gain distributions		943		3,523			14,338			—			—			674			3,558		65

Net realized gain (loss) on investments		2,538		6,864			26,687			(121	)		(54	)		773			3,571		210
Unrealized appreciation (depreciation)		159		2,858			12,855			278			1,066			411			1,921		1

Net increase (decrease) in net assets from operations	$	3,070	$	9,339		$	39,264		$	191		$	1,248		$	1,146		$	5,557	$	224

See accompanying notes which are an integral part of the financial statements.


		22		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Financials Investor Class		VIP – Industrials Initial Class			VIP – Industrials Investor Class			VIP – Consumer Discretionary Initial Class			VIP – Consumer Discretionary Investor Class			VIP – Real Estate Initial Class			VIP – Real Estate Investor Class			VIP – Strategic Income Initial Class

Income:
Dividends	$	429	$	3		$	14		$	1		$	15		$	37		$	241		$	137

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—		22			—			13			—			14			—			22
Administrative and other charges		—		1			—			1			—			1			—			1

Total expenses		—		23			—			14			—			15			—			23


Fidelity Income Advantage
Mortality and expense risk charges		—		1			—			1			—			1			—			4
Administrative and other charges		—		—			—			—			—			—			—			1

Total expenses		—		1			—			1			—			1			—			5


Fidelity Personal Retirement
Mortality and expense risk charges		25		—			25			—			20			—			14			—
Administrative and other charges		14		—			13			—			11			—			6			—

Total expenses		39		—			38			—			31			—			20			—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—			—			—			—			—			—			—
Administrative and other charges		—		—			—			—			—			—			—			—

Total expenses		—		—			—			—			—			—			—			—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—			—			—			—			—			—			—
Administrative and other charges		—		—			—			—			—			—			—			—

Total expenses		—		—			—			—			—			—			—			—


Total expenses		39		24			38			15			31			16			20			28

Net investment income (loss)		390		(21	)		(24	)		(14	)		(16	)		21			221			109


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		1,804		155			793			139			1,030			(111	)		(482	)		(12	)
Realized gain distributions		1,095		94			759			211			2,486			1			5			—

Net realized gain (loss) on investments		2,899		249			1,552			350			3,516			(110	)		(477	)		(12	)
Unrealized appreciation (depreciation)		231		377			4,189			(230	)		(2,119	)		122			650			175

Net increase (decrease) in net assets from operations	$	3,520	$	605		$	5,717		$	106		$	1,381		$	33		$	394		$	272

See accompanying notes which are an integral part of the financial statements.


		23		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Strategic Income Investor Class			VIP – International Capital Appreciation Initial Class		VIP – International Capital Appreciation Investor Class		VIP – Value Initial Class			VIP – Value Investor Class		VIP – Freedom Income Initial Class		VIP – Investor Freedom Income Investor Class		VIP – Freedom 2010 Initial Class

Income:
Dividends	$	2,153		$	21	$	383	$	17		$	326	$	43	$	145	$	12

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—			15		—		10			—		10		—		3
Administrative and other charges		—			1		—		1			—		1		—		—

Total expenses		—			16		—		11			—		11		—		3


Fidelity Income Advantage
Mortality and expense risk charges		—			1		—		3			—		—		—		—
Administrative and other charges		—			—		—		1			—		—		—		—

Total expenses		—			1		—		4			—		—		—		—


Fidelity Personal Retirement
Mortality and expense risk charges		61			—		38		—			29		—		8		—
Administrative and other charges		28			—		21		—			13		—		3		—

Total expenses		89			—		59		—			42		—		11		—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—			—		—		—			—		—		—		—
Administrative and other charges		—			—		—		—			—		—		—		—

Total expenses		—			—		—		—			—		—		—		—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—			—		—		—			—		—		—		—
Administrative and other charges		—			—		—		—			—		—		—		—

Total expenses		—			—		—		—			—		—		—		—


Total expenses		89			17		59		15			42		11		11		3

Net investment income (loss)		2,064			4		324		2			284		32		134		9


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		(23	)		105		2,109		(8	)		101		8		50		(2	)
Realized gain distributions		—			10		186		133			2,017		—		2		4

Net realized gain (loss) on investments		(23	)		115		2,295		125			2,118		8		52		2
Unrealized appreciation (depreciation)		2,597			210		3,656		(2	)		179		71		227		21

Net increase (decrease) in net assets from operations	$	4,638		$	329	$	6,275	$	125		$	2,581	$	111	$	413	$	32

See accompanying notes which are an integral part of the financial statements.


		24		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Investor Freedom 2010 Investor Class		VIP – Freedom 2015 Initial Class			VIP – Investor Freedom 2015 Investor Class		VIP – Freedom 2020 Initial Class		VIP – Investor Freedom 2020 Investor Class		VIP – Freedom 2025 Initial Class			VIP – Investor Freedom 2025 Investor Class		VIP – Freedom 2030 Initial Class

Income:
Dividends	$	153	$	23		$	258	$	31	$	374	$	34		$	387	$	30

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—		6			—		8		—		10			—		11
Administrative and other charges		—		—			—		1		—		1			—		1

Total expenses		—		6			—		9		—		11			—		12


Fidelity Income Advantage
Mortality and expense risk charges		—		—			—		—		—		—			—		—
Administrative and other charges		—		—			—		—		—		—			—		—

Total expenses		—		—			—		—		—		—			—		—


Fidelity Personal Retirement
Mortality and expense risk charges		8		—			13		—		24		—			26		—
Administrative and other charges		2		—			4		—		6		—			7		—

Total expenses		10		—			17		—		30		—			33		—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—			—		—		—		—			—		—
Administrative and other charges		—		—			—		—		—		—			—		—

Total expenses		—		—			—		—		—		—			—		—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—			—		—		—		—			—		—
Administrative and other charges		—		—			—		—		—		—			—		—

Total expenses		—		—			—		—		—		—			—		—


Total expenses		10		6			17		9		30		11			33		12

Net investment income (loss)		143		17			241		22		344		23			354		18


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		26		(9	)		2		4		221		127			136		79
Realized gain distributions		10		34			286		58		785		47			985		63

Net realized gain (loss) on investments		36		25			288		62		1,006		174			1,121		142
Unrealized appreciation (depreciation)		279		43			429		47		393		(26	)		532		40

Net increase (decrease) in net assets from operations	$	458	$	85		$	958	$	131	$	1,743	$	171		$	2,007	$	200

See accompanying notes which are an integral part of the financial statements.


		25		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Investor Freedom 2030 Investor Class		VIP – Freedom 2035 Initial Class		VIP – Investor Freedom 2035 Investor Class			VIP – Freedom 2040 Initial Class		VIP – Investor Freedom 2040 Investor Class		VIP – Freedom 2045 Initial Class		VIP – Investor Freedom 2045 Investor Class		VIP – Freedom 2050 Initial Class

Income:
Dividends	$	594	$	1	$	18		$	10	$	29	$	1	$	—	$	—

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—		—		—			4		—		—		—		—
Administrative and other charges		—		—		—			—		—		—		—		—

Total expenses		—		—		—			4		—		—		—		—


Fidelity Income Advantage
Mortality and expense risk charges		—		—		—			—		—		—		—		—
Administrative and other charges		—		—		—			—		—		—		—		—

Total expenses		—		—		—			—		—		—		—		—


Fidelity Personal Retirement
Mortality and expense risk charges		41		—		1			—		2		—		—		—
Administrative and other charges		11		—		—			—		—		—		—		—

Total expenses		52		—		1			—		2		—		—		—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—		—			—		—		—		—		—
Administrative and other charges		—		—		—			—		—		—		—		—

Total expenses		—		—		—			—		—		—		—		—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—		—			—		—		—		—		—
Administrative and other charges		—		—		—			—		—		—		—		—

Total expenses		—		—		—			—		—		—		—		—


Total expenses		52		—		1			4		2		—		—		—

Net investment income (loss)		542		1		17			6		27		1		—		—


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		391		2		(32	)		1		62		2		16		(1	)
Realized gain distributions		1,038		2		49			35		75		3		1		1

Net realized gain (loss) on investments		1,429		4		17			36		137		5		17		—
Unrealized appreciation (depreciation)		1,422		2		35			40		60		3		2		—

Net increase (decrease) in net assets from operations	$	3,393	$	7	$	69		$	82	$	224	$	9	$	19	$	—

See accompanying notes which are an integral part of the financial statements.


		26		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Investor Freedom 2050 Investor Class		VIP – Freedom Lifetime Income I			VIP – Freedom Lifetime Income II		VIP – Freedom Lifetime Income III		VIP – Disciplined Small Cap Initial Class		VIP – Disciplined Small Cap Investor Class		VIP – FundsManager 20% Investor Class			VIP – FundsManager 30% Investor Class

Income:
Dividends	$	4	$	31		$	28	$	64	$	12	$	234	$	1,786		$	23

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—		—			—		—		9		—		19			—
Administrative and other charges		—		—			—		—		1		—		1			—

Total expenses		—		—			—		—		10		—		20			—


Fidelity Income Advantage
Mortality and expense risk charges		—		—			—		—		—		—		3			—
Administrative and other charges		—		—			—		—		—		—		1			—

Total expenses		—		—			—		—		—		—		4			—


Fidelity Personal Retirement
Mortality and expense risk charges		1		—			—		—		—		31		68			1
Administrative and other charges		—		—			—		—		—		15		24			—

Total expenses		1		—			—		—		—		46		92			1


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		5			4		12		—		—		2			—
Administrative and other charges		—		1			1		2		—		—		—			—

Total expenses		—		6			5		14		—		—		2			—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—			—		—		—		—		—			—
Administrative and other charges		—		—			—		—		—		—		—			—

Total expenses		—		—			—		—		—		—		—			—


Total expenses		1		6			5		14		10		46		118			1

Net investment income (loss)		3		25			23		50		2		188		1,668			22


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		24		(3	)		3		21		19		1,005		(84	)		—
Realized gain distributions		18		—			20		106		111		2,416		—			5

Net realized gain (loss) on investments		42		(3	)		23		127		130		3,421		(84	)		5
Unrealized appreciation (depreciation)		24		57			37		111		41		883		2,653			30

Net increase (decrease) in net assets from operations	$	69	$	79		$	83	$	288	$	173	$	4,492	$	4,237		$	57

See accompanying notes which are an integral part of the financial statements.


		27		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – FundsManager 40% Investor Class		VIP – FundsManager 50% Investor Class		VIP – FundsManager 60% Investor Class		VIP – FundsManager 70% Investor Class		VIP – FundsManager 85% Investor Class		VIP – Consumer Staples Initial Class			VIP – Consumer Staples Investor Class			VIP – Materials Initial Class

Income:
Dividends	$	49	$	3,456	$	3,760	$	3,415	$	1,242	$	14		$	258		$	8

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—		60		26		26		8		6			—			6
Administrative and other charges		—		4		2		2		1		—			—			—

Total expenses		—		64		28		28		9		6			—			6


Fidelity Income Advantage
Mortality and expense risk charges		—		17		6		6		3		—			—			—
Administrative and other charges		—		6		2		2		1		—			—			—

Total expenses		—		23		8		8		4		—			—			—


Fidelity Personal Retirement
Mortality and expense risk charges		2		176		179		257		108		—			16			—
Administrative and other charges		1		59		58		86		41		—			7			—

Total expenses		3		235		237		343		149		—			23			—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		19		37		7		—		—			—			—
Administrative and other charges		—		4		7		1		—		—			—			—

Total expenses		—		23		44		8		—		—			—			—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—		408		—		—		—			—			—
Administrative and other charges		—		—		109		—		—		—			—			—

Total expenses		—		—		517		—		—		—			—			—


Total expenses		3		345		834		387		162		6			23			6

Net investment income (loss)		46		3,111		2,926		3,028		1,080		8			235			2


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		28		952		1,866		2,552		1,574		(21	)		(61	)		(37	)
Realized gain distributions		14		—		711		1,657		1,474		53			893			145

Net realized gain (loss) on investments		42		952		2,577		4,209		3,048		32			832			108
Unrealized appreciation (depreciation)		71		13,094		18,581		20,573		10,782		(75	)		(1,553	)		(39	)

Net increase (decrease) in net assets from operations	$	159	$	17,157	$	24,084	$	27,810	$	14,910	$	(35	)	$	(486	)	$	71

See accompanying notes which are an integral part of the financial statements.


		28		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Materials Investor Class			VIP – Communication Services Initial Class			VIP – Communication Services Investor Class			VIP – Hedged Equity Investor Class^(C)			VIP – Emerging Markets Initial Class			VIP – Emerging Markets Investor Class		VIP – Floating Rate High Income Initial Class

Income:
Dividends	$	50		$	—		$	—		$	1		$	15		$	381	$	142

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—			20			—			—			5			—		15
Administrative and other charges		—			1			—			—			—			—		1

Total expenses		—			21			—			—			5			—		16


Fidelity Income Advantage
Mortality and expense risk charges		—			7			—			—			—			—		—
Administrative and other charges		—			2			—			—			—			—		—

Total expenses		—			9			—			—			—			—		—


Fidelity Personal Retirement
Mortality and expense risk charges		5			—			8			12			—			15		—
Administrative and other charges		2			—			7			3			—			8		—

Total expenses		7			—			15			15			—			23		—


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—			—			—			—			—			—		—
Administrative and other charges		—			—			—			—			—			—		—

Total expenses		—			—			—			—			—			—		—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—			—			—			—			—			—		—
Administrative and other charges		—			—			—			—			—			—		—

Total expenses		—			—			—			—			—			—		—


Total expenses		7			30			15			15			5			23		16

Net investment income (loss)		43			(30	)		(15	)		(14	)		10			358		126


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		(50	)		316			1,659			1			(3	)		297		16
Realized gain distributions		706			279			1,634			—			6			142		—

Net realized gain (loss) on investments		656			595			3,293			1			3			439		16
Unrealized appreciation (depreciation)		(230	)		417			2,687			8			186			4,925		(59	)

Net increase (decrease) in net assets from operations	$	469		$	982		$	5,965		$	(5	)	$	199		$	5,722	$	83

^(C)	New Fund (Note 1)

See accompanying notes which are an integral part of the financial statements.


		29		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	VIP – Floating Rate High Income Investor Class			VIP – Bond Index Initial Class		VIP – Total Market Index Initial Class		VIP – Extended Market Index Initial Class		VIP – International Index Initial Class		VIF – Emerging Markets Equity Portfolio - Class I			VIF – Emerging Markets Debt Portfolio - Class I			VIF – Global Strategist Class II

Income:
Dividends	$	2,169		$	1,274	$	771	$	104	$	750	$	20		$	1,080		$	—

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		—			11		13		2		6		10			6			3
Administrative and other charges		—			1		1		—		—		1			—			—

Total expenses		—			12		14		2		6		11			6			3


Fidelity Income Advantage
Mortality and expense risk charges		—			—		1		—		—		1			1			1
Administrative and other charges		—			—		—		—		—		—			—			—

Total expenses		—			—		1		—		—		1			1			1


Fidelity Personal Retirement
Mortality and expense risk charges		31			36		78		8		26		3			7			2
Administrative and other charges		15			17		34		4		12		2			3			1

Total expenses		46			53		112		12		38		5			10			3


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—			—		—		—		—		—			—			—
Administrative and other charges		—			—		—		—		—		—			—			—

Total expenses		—			—		—		—		—		—			—			—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—			—		—		—		—		—			—			—
Administrative and other charges		—			—		—		—		—		—			—			—

Total expenses		—			—		—		—		—		—			—			—


Total expenses		46			65		127		14		44		17			17			7

Net investment income (loss)		2,123			1,209		644		90		706		3			1,063			(7	)


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		(70	)		142		5,011		181		1,487		(38	)		(128	)		47
Realized gain distributions		—			—		—		—		—		166			—			135

Net realized gain (loss) on investments		(70	)		142		5,011		181		1,487		128			(128	)		182
Unrealized appreciation (depreciation)		(667	)		1,067		4,966		712		4,588		1,471			138			420

Net increase (decrease) in net assets from operations	$	1,386		$	2,418	$	10,621	$	983	$	6,781	$	1,602		$	1,073		$	595

See accompanying notes which are an integral part of the financial statements.


		30		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	Lazard – Retirement Emerging Markets Investor		Invesco – VI Global Core Equity		Allspring – VT Discovery SMID Cap Growth Class 2			Allspring – VT Opportunity Class 2			PVIT – Commodity Real Return Portfolio - Administrative			PVIT – Low Duration Portfolio - Administrative			PVIT – Real Return Portfolio - Administrative			PVIT – Total Return Portfolio - Administrative

Income:
Dividends	$	201	$	93	$	—		$	1		$	166		$	1,098		$	420		$	1,189

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		10		3		25			10			—			13			5			8
Administrative and other charges		1		—		2			1			—			1			—			1

Total expenses		11		3		27			11			—			14			5			9


Fidelity Income Advantage
Mortality and expense risk charges		—		1		1			1			—			—			—			—
Administrative and other charges		—		—		—			—			—			—			—			—

Total expenses		—		1		1			1			—			—			—			—


Fidelity Personal Retirement
Mortality and expense risk charges		6		5		—			—			4			31			13			36
Administrative and other charges		3		3		—			—			2			13			6			14

Total expenses		9		8		—			—			6			44			19			50


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—		—			—			—			—			—			—
Administrative and other charges		—		—		—			—			—			—			—			—

Total expenses		—		—		—			—			—			—			—			—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—		—			—			—			—			—			—
Administrative and other charges		—		—		—			—			—			—			—			—

Total expenses		—		—		—			—			—			—			—			—


Total expenses		20		12		28			12			6			58			24			59

Net investment income (loss)		181		81		(28	)		(11	)		160			1,040			396			1,130


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		112		98		30			6			(34	)		(6	)		(68	)		(327	)
Realized gain distributions		—		460		24			155			—			—			—			—

Net realized gain (loss) on investments		112		558		54			161			(34	)		(6	)		(68	)		(327	)
Unrealized appreciation (depreciation)		2,008		321		121			(66	)		767			405			591			1,589

Net increase (decrease) in net assets from operations	$	2,301	$	960	$	147		$	84		$	893		$	1,439		$	919		$	2,392

See accompanying notes which are an integral part of the financial statements.


		31		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Operations - continued

For the year ended December 31, 2025


(In thousands)	Subaccounts Investing In:
	Blackrock – Global Allocation V.I. Fund - Class 1		FTVIP – Templeton Global Bond Fund - Class 2			FTVIP – Franklin US Government Securities Fund - Class 2

Income:
Dividends	$	940	$	—		$	166

Expenses:
Fidelity Retirement Reserves
Mortality and expense risk charges		4		1			2
Administrative and other charges		—		—			—

Total expenses		4		1			2


Fidelity Income Advantage
Mortality and expense risk charges		—		—			—
Administrative and other charges		—		—			—

Total expenses		—		—			—


Fidelity Personal Retirement
Mortality and expense risk charges		33		4			4
Administrative and other charges		13		2			2

Total expenses		46		6			6


Fidelity Freedom Lifetime Income
Mortality and expense risk charges		—		—			—
Administrative and other charges		—		—			—

Total expenses		—		—			—


Fidelity Growth and Guaranteed Income
Mortality and expense risk charges		—		—			—
Administrative and other charges		—		—			—

Total expenses		—		—			—


Total expenses		50		7			8

Net investment income (loss)		890		(7	)		158


Realized and unrealized gain (loss) on investments:
Realized Gain (loss) on sale of fund shares		182		(98	)		(102	)
Realized gain distributions		2,254		—			—

Net realized gain (loss) on investments		2,436		(98	)		(102	)
Unrealized appreciation (depreciation)		1,627		681			219

Net increase (decrease) in net assets from operations	$	4,953	$	576		$	275

See accompanying notes which are an integral part of the financial statements.


		32		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Government Money Market Initial Class						VIP – Government Money Market Investor Class						VIP – High Income Initial Class						VIP – High Income Investor Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	813		$	888		$	9,859		$	11,226		$	199		$	187		$	1,695		$	1,601
Net realized gain (loss) on investments		—			—			—			—			(330	)		(642	)		(254	)		50
Unrealized appreciation (depreciation)		—			—			—			—			452			752			1,111			610

Net increase (decrease) in net assets from operations		813			888			9,859			11,226			321			297			2,552			2,261


Contract Transactions:
Payments received from contract owners		—			—			66,927			77,447			—			—			171			103
Transfers between sub-accounts and the fixed account, net		11,358			4,774			30,119			(23,505	)		(89	)		(22	)		(511	)		687
Contract benefits		(104	)		(185	)		(15,553	)		(10,506	)		(97	)		(133	)		—			(1	)
Contract terminations		(8,084	)		(6,121	)		(63,647	)		(58,366	)		(213	)		(427	)		(2,114	)		(835	)
Contract maintenance charges		(4	)		(5	)		—			—			(1	)		(1	)		—			—
Other transfers (to) from EFILI, net		(16	)		8			(10	)		—			(30	)		(59	)		—			—

Net increase (decrease) in net assets from contract transactions		3,150			(1,529	)		17,836			(14,930	)		(430	)		(642	)		(2,454	)		(46	)

Total increase (decrease) in net assets		3,963			(641	)		27,695			(3,704	)		(109	)		(345	)		98			2,215

Net Assets:
Beginning of period		22,205			22,846			230,611			234,315			3,687			4,032			27,478			25,263

End of period	$	26,168		$	22,205		$	258,306		$	230,611		$	3,578		$	3,687		$	27,576		$	27,478


(In thousands)	Subaccounts Investing In:
	VIP – Equity-Income Initial Class						VIP – Equity-Income Investor Class						VIP – Growth Initial Class						VIP – Growth Investor Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	407		$	387		$	1,094		$	968		$	(448	)	$	(676	)	$	66		$	(147	)
Net realized gain (loss) on investments		3,083			2,800			5,423			4,552			15,381			22,231			16,080			25,721
Unrealized appreciation (depreciation)		3,576			2,343			5,147			2,424			(3,793	)		(954	)		(2,087	)		(2,822	)

Net increase (decrease) in net assets from operations		7,066			5,530			11,664			7,944			11,140			20,601			14,059			22,752

Contract Transactions:
Payments received from contract owners		—			—			390			223			—			—			580			734
Transfers between sub-accounts and the fixed account, net		(1,214	)		(683	)		2,068			437			(4,343	)		(1,184	)		(8,831	)		11,273
Contract benefits		(924	)		(921	)		—			(2	)		(1,456	)		(1,124	)		—			(396	)
Contract terminations		(2,497	)		(2,461	)		(2,571	)		(2,378	)		(5,575	)		(4,305	)		(6,897	)		(2,061	)
Contract maintenance charges		(4	)		(4	)		—			—			(10	)		(10	)		—			—
Other transfers (to) from EFILI, net		(80	)		(76	)		5			3			(127	)		32			—			(4	)

Net increase (decrease) in net assets from contract transactions		(4,719	)		(4,145	)		(108	)		(1,717	)		(11,511	)		(6,591	)		(15,148	)		9,546

Total increase (decrease) in net assets		2,347			1,385			11,556			6,227			(371	)		14,010			(1,089	)		32,298

Net Assets:
Beginning of period		41,175			39,790			62,153			55,926			86,842			72,832			106,459			74,161

End of period	$	43,522		$	41,175		$	73,709		$	62,153		$	86,471		$	86,842		$	105,370		$	106,459

See accompanying notes which are an integral part of the financial statements.


		33		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Overseas Initial Class						VIP – Overseas Investor Class						VIP – Investment Grade Bond Initial Class						VIP – Investment Grade Bond Investor Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	60		$	57		$	376		$	308		$	241		$	257		$	2,233		$	2,022
Net realized gain (loss) on investments		892			412			3,236			1,902			(244	)		(173	)		(560	)		(384	)
Unrealized appreciation (depreciation)		383			(146	)		785			(1,063	)		557			10			2,689			(926	)

Net increase (decrease) in net assets from operations		1,335			323			4,397			1,147			554			94			4,362			712


Contract Transactions:
Payments received from contract owners		—			—			56			20			—			—			259			985
Transfers between sub-accounts and the fixed account, net		321			(275	)		3,493			(1,489	)		(134	)		456			7,339			3,961
Contract benefits		(78	)		(117	)		—			—			(224	)		(482	)		—			(1	)
Contract terminations		(289	)		(373	)		(778	)		(1,210	)		(670	)		(924	)		(5,784	)		(2,834	)
Contract maintenance charges		(1	)		(1	)		—			—			(1	)		(1	)		—			—
Other transfers (to) from EFILI, net		(11	)		3			(1	)		(1	)		(112	)		(30	)		1			1

Net increase (decrease) in net assets from contract transactions		(58	)		(763	)		2,770			(2,680	)		(1,141	)		(981	)		1,815			2,112

Total increase (decrease) in net assets		1,277			(440	)		7,167			(1,533	)		(587	)		(887	)		6,177			2,824

Net Assets:
Beginning of period		6,810			7,250			21,041			22,574			9,429			10,316			61,579			58,755

End of period	$	8,087		$	6,810		$	28,208		$	21,041		$	8,842		$	9,429		$	67,756		$	61,579


(In thousands)	Subaccounts Investing In:
	VIP – Asset Manager 50% Initial Class^(B)						VIP – Asset Manager 50% Investor Class^(B)						VIP – Index 500 Initial Class						VIP – Asset Manager 70% Initial Class^(B)

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	311		$	312		$	586		$	499		$	5,140		$	5,310		$	60		$	56
Net realized gain (loss) on investments		1,004			63			1,275			212			49,507			29,195			391			212
Unrealized appreciation (depreciation)		1,279			1,059			1,473			1,069			36,885			73,668			544			287

Net increase (decrease) in net assets from operations		2,594			1,434			3,334			1,780			91,532			108,173			995			555


Contract Transactions:
Payments received from contract owners		—			—			308			49			4,917			2,041			—			—
Transfers between sub-accounts and the fixed account, net		105			(279	)		992			(170	)		(22,709	)		17,701			(34	)		(108	)
Contract benefits		(615	)		(166	)		—			—			(1,174	)		(1,224	)		(92	)		(126	)
Contract terminations		(1,973	)		(1,573	)		(1,099	)		(1,580	)		(22,904	)		(14,543	)		(388	)		(130	)
Contract maintenance charges		(1	)		(1	)		—			—			(10	)		(10	)		(1	)		(1	)
Other transfers (to) from EFILI, net		(19	)		(72	)		1			—			(198	)		(128	)		12			(4	)

Net increase (decrease) in net assets from contract transactions		(2,503	)		(2,091	)		202			(1,701	)		(42,078	)		3,837			(503	)		(369	)

Total increase (decrease) in net assets		91			(657	)		3,536			79			49,454			112,010			492			186

Net Assets:
Beginning of period		19,311			19,968			22,523			22,444			550,292			438,282			5,906			5,720

End of period	$	19,402		$	19,311		$	26,059		$	22,523		$	599,746		$	550,292		$	6,398		$	5,906

^(B)	Fund Name Change (Note 1)

See accompanying notes which are an integral part of the financial statements.


		34		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Asset Manager 70% Investor Class^(B)						VIP – Contrafund Initial Class						VIP – Contrafund Investor Class						VIP – Balanced Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	294		$	189		$	(1,151	)	$	(999	)	$	(186	)	$	(53	)	$	112		$	138
Net realized gain (loss) on investments		700			402			37,189			26,107			67,937			49,291			1,492			1,227
Unrealized appreciation (depreciation)		1,364			567			(4,170	)		18,411			(8,446	)		24,505			76			634

Net increase (decrease) in net assets from operations		2,358			1,158			31,868			43,519			59,305			73,743			1,680			1,999


Contract Transactions:
Payments received from contract owners		200			190			—			—			2,103			1,366			—			—
Transfers between sub-accounts and the fixed account, net		4,045			301			(5,208	)		(2,553	)		(4,526	)		13,427			(442	)		(723	)
Contract benefits		—			(169	)		(1,887	)		(2,014	)		—			(2	)		(1,446	)		(201	)
Contract terminations		(647	)		(73	)		(9,705	)		(8,501	)		(12,068	)		(15,888	)		(617	)		(887	)
Contract maintenance charges		—			—			(19	)		(21	)		—			—			(2	)		(2	)
Other transfers (to) from EFILI, net		1			(3	)		(53	)		(12	)		—			(14	)		(219	)		(119	)

Net increase (decrease) in net assets from contract transactions		3,599			246			(16,872	)		(13,101	)		(14,491	)		(1,111	)		(2,726	)		(1,932	)

Total increase (decrease) in net assets		5,957			1,404			14,996			30,418			44,814			72,632			(1,046	)		67

Net Assets:
Beginning of period		12,365			10,961			166,778			136,360			291,328			218,696			14,088			14,021

End of period	$	18,322		$	12,365		$	181,774		$	166,778		$	336,142		$	291,328		$	13,042		$	14,088


(In thousands)	Subaccounts Investing In:
	VIP – Balanced Investor Class						VIP – Dynamic Capital Appreciation Initial Class						VIP – Dynamic Capital Appreciation Investor Class						VIP – Growth & Income Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	4,409		$	4,553		$	(7	)	$	(21	)	$	63		$	(2	)	$	155		$	114
Net realized gain (loss) on investments		28,610			21,412			762			237			4,146			1,544			2,623			1,793
Unrealized appreciation (depreciation)		11,974			19,028			(136	)		484			(975	)		2,244			1,004			1,472

Net increase (decrease) in net assets from operations		44,993			44,993			619			700			3,234			3,786			3,782			3,379


Contract Transactions:
Payments received from contract owners		1,504			2,941			—			—			257			137			—			—
Transfers between sub-accounts and the fixed account, net		(8,861	)		(4,867	)		(197	)		993			(907	)		(329	)		819			(52	)
Contract benefits		—			—			(25	)		(27	)		—			—			(520	)		(428	)
Contract terminations		(15,081	)		(16,426	)		(66	)		(115	)		(871	)		(537	)		(839	)		(868	)
Contract maintenance charges		—			—			(1	)		(1	)		—			—			(2	)		(2	)
Other transfers (to) from EFILI, net		(1	)		(3	)		1			5			(1	)		—			98			(36	)

Net increase (decrease) in net assets from contract transactions		(22,439	)		(18,355	)		(288	)		855			(1,522	)		(729	)		(444	)		(1,386	)

Total increase (decrease) in net assets		22,554			26,638			331			1,555			1,712			3,057			3,338			1,993

Net Assets:
Beginning of period		326,132			299,494			3,654			2,099			18,192			15,135			18,527			16,534

End of period	$	348,686		$	326,132		$	3,985		$	3,654		$	19,904		$	18,192		$	21,865		$	18,527

^(B)	Fund Name Change (Note 1)

See accompanying notes which are an integral part of the financial statements.


		35		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Growth & Income Investor Class						VIP – Growth Opportunities Initial Class						VIP – Growth Opportunities Investor Class						VIP – Mid Cap Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	573		$	473		$	(195	)	$	(176	)	$	(172	)	$	(146	)	$	(93	)	$	(76	)
Net realized gain (loss) on investments		5,875			3,885			2,108			1,196			6,904			4,335			2,787			3,640
Unrealized appreciation (depreciation)		1,620			2,699			2,597			5,690			15,378			24,897			(378	)		292

Net increase (decrease) in net assets from operations		8,068			7,057			4,510			6,710			22,110			29,086			2,316			3,856


Contract Transactions:
Payments received from contract owners		59			196			—			—			498			1,349			—			—
Transfers between sub-accounts and the fixed account, net		740			(139	)		(908	)		(216	)		2			780			(690	)		(268	)
Contract benefits		—			—			(651	)		(637	)		—			(315	)		(413	)		(426	)
Contract terminations		(1,516	)		(1,865	)		(526	)		(1,076	)		(2,639	)		(3,224	)		(2,025	)		(2,162	)
Contract maintenance charges		—			—			(2	)		(2	)		—			—			(4	)		(5	)
Other transfers (to) from EFILI, net		1			—			—			(270	)		—			(16	)		(132	)		(69	)

Net increase (decrease) in net assets from contract transactions		(716	)		(1,808	)		(2,087	)		(2,201	)		(2,139	)		(1,426	)		(3,264	)		(2,930	)

Total increase (decrease) in net assets		7,352			5,249			2,423			4,509			19,971			27,660			(948	)		926

Net Assets:
Beginning of period		38,463			33,214			23,156			18,647			106,988			79,328			25,046			24,120

End of period	$	45,815		$	38,463		$	25,579		$	23,156		$	126,959		$	106,988		$	24,098		$	25,046


(In thousands)	Subaccounts Investing In:
	VIP – Mid Cap Investor Class						VIP – Value Strategies Initial Class						VIP – Value Strategies Investor Class						VIP – Utilities Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	118		$	209		$	11		$	6		$	133		$	149		$	22		$	26
Net realized gain (loss) on investments		6,904			9,068			134			688			426			2,964			194			139
Unrealized appreciation (depreciation)		(764	)		182			108			(305	)		549			(1,463	)		72			286

Net increase (decrease) in net assets from operations		6,258			9,459			253			389			1,108			1,650			288			451


Contract Transactions:
Payments received from contract owners		131			1,303			—			—			26			24			—			—
Transfers between sub-accounts and the fixed account, net		(6,542	)		(2,304	)		(158	)		(1,065	)		(2,638	)		(1,877	)		(452	)		438
Contract benefits		—			(58	)		(81	)		(51	)		—			—			(25	)		(64	)
Contract terminations		(3,247	)		(1,659	)		(99	)		(491	)		(546	)		(849	)		(68	)		(58	)
Contract maintenance charges		—			—			—			—			—			—			(1	)		—
Other transfers (to) from EFILI, net		(2	)		(2	)		1			(2	)		—			2			8			7

Net increase (decrease) in net assets from contract transactions		(9,660	)		(2,720	)		(337	)		(1,609	)		(3,158	)		(2,700	)		(538	)		323

Total increase (decrease) in net assets		(3,402	)		6,739			(84	)		(1,220	)		(2,050	)		(1,050	)		(250	)		774

Net Assets:
Beginning of period		63,173			56,434			4,058			5,278			18,347			19,397			2,512			1,738

End of period	$	59,771		$	63,173		$	3,974		$	4,058		$	16,297		$	18,347		$	2,262		$	2,512

See accompanying notes which are an integral part of the financial statements.


		36		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Utilities Investor Class						VIP – Technology Initial Class						VIP – Technology Investor Class						VIP – Energy Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	373		$	333		$	(383	)	$	(363	)	$	(278	)	$	(257	)	$	34		$	48
Net realized gain (loss) on investments		2,538			1,367			6,864			4,421			26,687			20,550			(121	)		10
Unrealized appreciation (depreciation)		159			2,100			2,858			8,730			12,855			29,708			278			94

Net increase (decrease) in net assets from operations		3,070			3,800			9,339			12,788			39,264			50,001			191			152


Contract Transactions:
Payments received from contract owners		81			66			—			—			497			1,001			—			—
Transfers between sub-accounts and the fixed account, net		257			3,999			(2,096	)		147			(4,542	)		3,218			(710	)		(262	)
Contract benefits		—			—			(1,606	)		(1,216	)		—			(104	)		(9	)		(87	)
Contract terminations		(553	)		(1,253	)		(1,698	)		(3,296	)		(3,768	)		(8,934	)		(168	)		(727	)
Contract maintenance charges		—			—			(5	)		(4	)		—			—			—			—
Other transfers (to) from EFILI, net		1			—			(57	)		281			4			(3	)		(38	)		(14	)

Net increase (decrease) in net assets from contract transactions		(214	)		2,812			(5,462	)		(4,088	)		(7,809	)		(4,822	)		(925	)		(1,090	)

Total increase (decrease) in net assets		2,856			6,612			3,877			8,700			31,455			45,179			(734	)		(938	)

Net Assets:
Beginning of period		21,322			14,710			48,392			39,692			186,629			141,450			3,043			3,981

End of period	$	24,178		$	21,322		$	52,269		$	48,392		$	218,084		$	186,629		$	2,309		$	3,043


(In thousands)	Subaccounts Investing In:
	VIP – Energy Investor Class						VIP – Health Care Initial Class						VIP – Health Care Investor Class						VIP – Financials Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	236		$	333		$	(38	)	$	(94	)	$	65		$	(94	)	$	13		$	15
Net realized gain (loss) on investments		(54	)		231			773			432			3,571			1,719			210			106
Unrealized appreciation (depreciation)		1,066			288			411			234			1,921			1,201			1			205

Net increase (decrease) in net assets from operations		1,248			852			1,146			572			5,557			2,826			224			326


Contract Transactions:
Payments received from contract owners		16			88			—			—			116			135			—			—
Transfers between sub-accounts and the fixed account, net		(2,646	)		(4,981	)		(1,141	)		(1,276	)		(8,028	)		(4,065	)		(96	)		180
Contract benefits		—			—			(64	)		(139	)		—			—			(10	)		(84	)
Contract terminations		(413	)		(1,478	)		(506	)		(800	)		(1,420	)		(2,694	)		(272	)		(25	)
Contract maintenance charges		—			—			(1	)		(2	)		—			—			—			—
Other transfers (to) from EFILI, net		—			1			14			(41	)		(1	)		(1	)		—			1

Net increase (decrease) in net assets from contract transactions		(3,043	)		(6,370	)		(1,698	)		(2,258	)		(9,333	)		(6,625	)		(378	)		72

Total increase (decrease) in net assets		(1,795	)		(5,518	)		(552	)		(1,686	)		(3,776	)		(3,799	)		(154	)		398

Net Assets:
Beginning of period		13,524			19,042			10,194			11,880			51,788			55,587			1,480			1,082

End of period	$	11,729		$	13,524		$	9,642		$	10,194		$	48,012		$	51,788		$	1,326		$	1,480

See accompanying notes which are an integral part of the financial statements.


		37		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Financials Investor Class						VIP – Industrials Initial Class						VIP – Industrials Investor Class						VIP – Consumer Discretionary Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	390		$	311		$	(21	)	$	(3	)	$	(24	)	$	113		$	(14	)	$	(15	)
Net realized gain (loss) on investments		2,899			1,455			249			256			1,552			2,092			350			170
Unrealized appreciation (depreciation)		231			3,645			377			220			4,189			1,839			(230	)		271

Net increase (decrease) in net assets from operations		3,520			5,411			605			473			5,717			4,044			106			426


Contract Transactions:
Payments received from contract owners		134			1,149			—			—			105			80			—			—
Transfers between sub-accounts and the fixed account, net		(461	)		1,838			34			103			4,909			1,632			(340	)		(310	)
Contract benefits		—			—			(6	)		(4	)		—			—			(30	)		(52	)
Contract terminations		(166	)		(2,569	)		(36	)		(80	)		(551	)		(335	)		(28	)		(28	)
Contract maintenance charges		—			—			(1	)		—			—			—			—			—
Other transfers (to) from EFILI, net		3			4			1			—			(4	)		1			10			8

Net increase (decrease) in net assets from contract transactions		(490	)		422			(8	)		19			4,459			1,378			(388	)		(382	)

Total increase (decrease) in net assets		3,030			5,833			597			492			10,176			5,422			(282	)		44

Net Assets:
Beginning of period		23,687			17,854			2,586			2,094			22,507			17,085			2,168			2,124

End of period	$	26,717		$	23,687		$	3,183		$	2,586		$	32,683		$	22,507		$	1,886		$	2,168


(In thousands)	Subaccounts Investing In:
	VIP – Consumer Discretionary Investor Class						VIP – Real Estate Initial Class						VIP – Real Estate Investor Class						VIP – Strategic Income Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	(16	)	$	(24	)	$	21		$	68		$	221		$	595		$	109		$	101
Net realized gain (loss) on investments		3,516			1,716			(110	)		(217	)		(477	)		(150	)		(12	)		(25	)
Unrealized appreciation (depreciation)		(2,119	)		3,209			122			241			650			441			175			110

Net increase (decrease) in net assets from operations		1,381			4,901			33			92			394			886			272			186


Contract Transactions:
Payments received from contract owners		67			62			—			—			6			18			—			—
Transfers between sub-accounts and the fixed account, net		(1,637	)		(3,944	)		(292	)		(436	)		(1,933	)		(214	)		137			8
Contract benefits		—			—			(16	)		(76	)		—			—			(81	)		(115	)
Contract terminations		(284	)		(491	)		(54	)		(78	)		(2,107	)		(375	)		(75	)		(395	)
Contract maintenance charges		—			—			(1	)		(1	)		—			—			(1	)		(1	)
Other transfers (to) from EFILI, net		—			1			7			(6	)		—			1			(18	)		8

Net increase (decrease) in net assets from contract transactions		(1,854	)		(4,372	)		(356	)		(597	)		(4,034	)		(570	)		(38	)		(495	)

Total increase (decrease) in net assets		(473	)		529			(323	)		(505	)		(3,640	)		316			234			(309	)

Net Assets:
Beginning of period		23,779			23,250			2,072			2,577			15,248			14,932			3,566			3,875

End of period	$	23,306		$	23,779		$	1,749		$	2,072		$	11,608		$	15,248		$	3,800		$	3,566

See accompanying notes which are an integral part of the financial statements.


		38		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Strategic Income Investor Class						VIP – International Capital Appreciation Initial Class						VIP – International Capital Appreciation Investor Class						VIP – Value Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	2,064		$	1,765		$	4		$	(2	)	$	324		$	188		$	2		$	9
Net realized gain (loss) on investments		(23	)		(102	)		115			49			2,295			1,233			125			285
Unrealized appreciation (depreciation)		2,597			1,145			210			89			3,656			1,256			(2	)		(47	)

Net increase (decrease) in net assets from operations		4,638			2,808			329			136			6,275			2,677			125			247


Contract Transactions:
Payments received from contract owners		260			364			—			—			211			140			—			—
Transfers between sub-accounts and the fixed account, net		4,488			1,497			182			(37	)		3,350			(156	)		(169	)		(25	)
Contract benefits		—			(6	)		(60	)		(76	)		—			(3	)		(50	)		(49	)
Contract terminations		(2,878	)		(2,443	)		(48	)		(71	)		(1,802	)		(1,492	)		(761	)		(204	)
Contract maintenance charges		—			—			—			—			—			—			(1	)		(2	)
Other transfers (to) from EFILI, net		(2	)		—			6			9			1			2			11			11

Net increase (decrease) in net assets from contract transactions		1,868			(588	)		80			(175	)		1,760			(1,509	)		(970	)		(269	)

Total increase (decrease) in net assets		6,506			2,220			409			(39	)		8,035			1,168			(845	)		(22	)

Net Assets:
Beginning of period		51,700			49,480			1,846			1,885			35,084			33,916			2,146			2,168

End of period	$	58,206		$	51,700		$	2,255		$	1,846		$	43,119		$	35,084		$	1,301		$	2,146


(In thousands)				Subaccounts Investing In:

				VIP – Value Investor Class						VIP – Freedom Income Initial Class^(A)						VIP – Freedom Income Investor Class^(A)						VIP – Freedom 2005 Initial Class^(A)

				12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/24
Operations:
Net investment income (loss)				$	284		$	263		$	32		$	36		$	134		$	161		$	5
Net realized gain (loss) on investments					2,118			3,798			8			3			52			15			(48	)
Unrealized appreciation (depreciation)					179			(1,020	)		71			—			227			(12	)		53

Net increase (decrease) in net assets from operations					2,581			3,041			111			39			413			164			10


Contract Transactions:
Payments received from contract owners					50			125			—			—			7			7			—
Transfers between sub-accounts and the fixed account, net					(1,346	)		(2,508	)		(104	)		570			(823	)		1,844			(574	)
Contract benefits					—			(279	)		(1	)		(1	)		(8	)		—			—
Contract terminations					(1,067	)		(1,865	)		(19	)		(82	)		(204	)		(11	)		—
Contract maintenance charges					—			—			—			—			—			—			—
Other transfers (to) from EFILI, net					5			3			1			1			1			—			(1	)

Net increase (decrease) in net assets from contract transactions					(2,358	)		(4,524	)		(123	)		488			(1,027	)		1,840			(575	)

Total increase (decrease) in net assets					223			(1,483	)		(12	)		527			(614	)		2,004			(565	)

Net Assets
Beginning of period					25,997			27,480			1,306			779			4,829			2,825			565

End of period				$	26,220		$	25,997		$	1,294		$	1,306		$	4,215		$	4,829		$	—

^(A)	Fund Merged (Note 1)

See accompanying notes which are an integral part of the financial statements.


		39		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)				Subaccounts Investing In:
				VIP – Investor Freedom 2005 Investor Class^(A)			VIP – Freedom 2010 Initial Class						VIP – Investor Freedom 2010 Investor Class						VIP – Freedom 2015 Initial Class

				12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)				$	22		$	9		$	9		$	143		$	146		$	17		$	21
Net realized gain (loss) on investments					(249	)		2			(43	)		36			7			25			17
Unrealized appreciation (depreciation)					266			21			61			279			58			43			13

Net increase (decrease) in net assets from operations					39			32			27			458			211			85			51


Contract Transactions:
Payments received from contract owners					—			—			—			—			9			—			—
Transfers between sub-accounts and the fixed account, net					(2,029	)		14			(37	)		134			(30	)		18			1
Contract benefits					—			—			(121	)		(8	)		—			(105	)		(12	)
Contract terminations					(17	)		(17	)		(266	)		(248	)		—			(76	)		(177	)
Contract maintenance charges					—			—			—			—			—			—			—
Other transfers (to) from EFILI, net					—			1			—			(2	)		(1	)		(1	)		—

Net increase (decrease) in net assets from contract transactions					(2,046	)		(2	)		(424	)		(124	)		(22	)		(164	)		(188	)

Total increase (decrease) in net assets					(2,007	)		30			(397	)		334			189			(79	)		(137	)

Net Assets:
Beginning of period					2,007			352			749			4,381			4,192			851			988

End of period				$	—		$	382		$	352		$	4,715		$	4,381		$	772		$	851


(In thousands)	Subaccounts Investing In:
	VIP – Investor Freedom 2015 Investor Class						VIP – Freedom 2020 Initial Class						VIP – Investor Freedom 2020 Investor Class						VIP – Freedom 2025 Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	241		$	272		$	22		$	22		$	344		$	398		$	23		$	30
Net realized gain (loss) on investments		288			(4	)		62			35			1,006			289			174			51
Unrealized appreciation (depreciation)		429			287			47			38			393			406			(26	)		61

Net increase (decrease) in net assets from operations		958			555			131			95			1,743			1,093			171			142


Contract Transactions:
Payments received from contract owners		1			83			—			—			257			87			—			—
Transfers between sub-accounts and the fixed account, net		(355	)		(990	)		1			(14	)		(127	)		(134	)		(585	)		(62	)
Contract benefits		—			—			—			—			—			—			—			—
Contract terminations		(806	)		(176	)		(24	)		(349	)		(2,750	)		(1,309	)		(488	)		(246	)
Contract maintenance charges		—			—			—			—			—			—			—			—
Other transfers (to) from EFILI, net		(1	)		2			—			(1	)		(3	)		(1	)		—			—

Net increase (decrease) in net assets from contract transactions		(1,161	)		(1,081	)		(23	)		(364	)		(2,623	)		(1,357	)		(1,073	)		(308	)

Total increase (decrease) in net assets		(203	)		(526	)		108			(269	)		(880	)		(264	)		(902	)		(166	)

Net Assets:
Beginning of period		8,931			9,457			1,057			1,326			14,793			15,057			1,776			1,942

End of period	$	8,728		$	8,931		$	1,165		$	1,057		$	13,913		$	14,793		$	874		$	1,776

^(A)	Fund Merged (Note 1)

See accompanying notes which are an integral part of the financial statements.


		40		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Investor Freedom 2025 Investor Class						VIP – Freedom 2030 Initial Class						VIP – Investor Freedom 2030 Investor Class						VIP – Freedom 2035 Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	354		$	348		$	18		$	21		$	542		$	470		$	1		$	1
Net realized gain (loss) on investments		1,121			511			142			40			1,429			656			4			3
Unrealized appreciation (depreciation)		532			511			40			58			1,422			1,024			2			1

Net increase (decrease) in net assets from operations		2,007			1,370			200			119			3,393			2,150			7			5


Contract Transactions:
Payments received from contract owners		20			79			—			—			144			228			—			—
Transfers between sub-accounts and the fixed account, net		(227	)		(1,224	)		(294	)		(153	)		122			(1,337	)		9			35
Contract benefits		—			—			—			—			—			—			—			—
Contract terminations		(1,044	)		(2,307	)		(7	)		(61	)		(1,241	)		(1,678	)		—			—
Contract maintenance charges		—			—			—			—			—			—			—			—
Other transfers (to) from EFILI, net		(1	)		—			—			—			(3	)		—			—			(1	)

Net increase (decrease) in net assets from contract transactions		(1,252	)		(3,452	)		(301	)		(214	)		(978	)		(2,787	)		9			34

Total increase (decrease) in net assets		755			(2,082	)		(101	)		(95	)		2,415			(637	)		16			39

Net Assets:
Beginning of period		14,792			16,874			1,381			1,476			23,051			23,688			41			2

End of period	$	15,547		$	14,792		$	1,280		$	1,381		$	25,466		$	23,051		$	57		$	41


(In thousands)	Subaccounts Investing In:
	VIP – Investor Freedom 2035 Investor Class						VIP – Freedom 2040 Initial Class						VIP – Investor Freedom 2040 Investor Class						VIP – Freedom 2045 Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	17		$	11		$	6		$	—		$	27		$	11		$	1		$	—
Net realized gain (loss) on investments		17			60			36			—			137			17			5			1
Unrealized appreciation (depreciation)		35			(43	)		40			—			60			61			3			1

Net increase (decrease) in net assets from operations		69			28			82			—			224			89			9			2


Contract Transactions:
Payments received from contract owners		440			300			—			—			—			—			—			—
Transfers between sub-accounts and the fixed account, net		(208	)		67			505			(2	)		706			191			30			27
Contract benefits		—			—			—			—			—			—			—			—
Contract terminations		(121	)		(10	)		—			—			—			—			—			—
Contract maintenance charges		—			—			—			—			—			—			—			—
Other transfers (to) from EFILI, net		—			2			1			—			(1	)		—			(1	)		—

Net increase (decrease) in net assets from contract transactions		111			359			506			(2	)		705			191			29			27

Total increase (decrease) in net assets		180			387			588			(2	)		929			280			38			29

Net Assets:
Beginning of period		720			333			—			2			950			670			31			2

End of period	$	900		$	720		$	588		$	—		$	1,879			950		$	69		$	31

See accompanying notes which are an integral part of the financial statements.


		41		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Investor Freedom 2045 Investor Class						VIP – Freedom 2050 Initial Class					VIP – Investor Freedom 2050 Investor Class					VIP – Freedom Lifetime Income I						VIP – Freedom Lifetime Income II

	12/31/25			12/31/24			12/31/25		12/31/24			12/31/25			12/31/24		12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	—		$	—		$	—	$	—		$	3		$	2	$	25		$	32		$	23		$	25
Net realized gain (loss) on investments		17			—			—		—			42			6		(3	)		(12	)		23			4
Unrealized appreciation (depreciation)		2			(1	)		—		—			24			1		57			21			37			13

Net increase (decrease) in net assets from operations		19			(1	)		—		—			69			9		79			41			83			42


Contract Transactions:
Payments received from contract owners		—			—			—		—			12			34		—			—			—			—
Transfers between sub-accounts and the fixed account, net		(23	)		24			1		(2	)		12			182		—			—			—			—
Contract benefits		—			—			—		—			—			—		(104	)		(113	)		(89	)		(87	)
Contract terminations		—			—			—		—			—			—		—			—			—			—
Contract maintenance charges		—			—			—		—			—			—		—			—			—			—
Other transfers (to) from EFILI, net		—			1			—		—			(1	)		1		18			(108	)		27			24

Net increase (decrease) in net assets from contract transactions		(23	)		25			1		(2	)		23			217		(86	)		(221	)		(62	)		(63	)

Total increase (decrease) in net assets		(4	)		24			1		(2	)		92			226		(7	)		(180	)		21			(21	)

Net Assets:
Beginning of period		27			3			—		2			226			—		937			1,117			862			883

End of period	$	23		$	27		$	1	$	—		$	318		$	226	$	930		$	937		$	883		$	862



(In thousands)	Subaccounts Investing In:
	VIP – Freedom Lifetime Income III						VIP – Disciplined Small Cap Initial Class						VIP – Disciplined Small Cap Investor Class						VIP – Funds Manager 20% Investor Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	50		$	49		$	2		$	4		$	188		$	277		$	1,668		$	1,739
Net realized gain (loss) on investments		127			43			130			72			3,421			1,037			(84	)		2
Unrealized appreciation (depreciation)		111			68			41			141			883			3,114			2,653			992

Net increase (decrease) in net assets from operations		288			160			173			217			4,492			4,428			4,237			2,733


Contract Transactions:
Payments received from contract owners		—			—			—			—			29			203			18			1,931
Transfers between sub-accounts and the fixed account, net		—			—			(142	)		(46	)		(4,300	)		(46	)		(2,582	)		285
Contract benefits		(165	)		(158	)		(6	)		(26	)		—			(133	)		(181	)		(89	)
Contract terminations		—			—			(114	)		(71	)		(1,975	)		(460	)		(2,771	)		(5,255	)
Contract maintenance charges		—			—			—			—			—			—			(1	)		(1	)
Other transfers (to) from EFILI, net		19			24			(2	)		2			2			—			13			18

Net increase (decrease) in net assets from contract transactions		(146	)		(134	)		(264	)		(141	)		(6,244	)		(436	)		(5,504	)		(3,111	)

Total increase (decrease) in net assets		142			26			(91	)		76			(1,752	)		3,992			(1,267	)		(378	)

Net Assets:
Beginning of period		2,303			2,277			1,538			1,462			31,942			27,950			51,234			51,612

End of period	$	2,445		$	2,303		$	1,447		$	1,538		$	30,190		$	31,942		$	49,967		$	51,234

See accompanying notes which are an integral part of the financial statements.


		42		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Funds Manager 30% Investor Class						VIP – Funds Manager 40% Investor Class						VIP – Funds Manager 50% Investor Class						VIP – Funds Manager 60% Investor Class						VIP – Funds Manager 70% Investor Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	22		$	11		$	46		$	14		$	3,111		$	2,905		$	2,926		$	2,549		$	3,028		$	2,545
Net realized gain (loss) on investments		5			1			42			26			952			305			2,577			1,389			4,209			1,839
Unrealized appreciation (depreciation)		30			(1	)		71			19			13,094			7,836			18,581			11,306			20,573			11,664

Net increase (decrease) in net assets from operations		57			11			159			59			17,157			11,046			24,084			15,244			27,810			16,048


Contract Transactions:
Payments received from contract owners		—			—			—			—			563			665			1,908			1,389			1,622			2,845
Transfers between sub-accounts and the fixed account, net		369			435			1,421			(477	)		(6,001	)		(8,105	)		(4,804	)		(7,640	)		3,828			5,949
Contract benefits		—			—			—			—			(768	)		(1,050	)		(867	)		(1,129	)		(223	)		(271	)
Contract terminations		(3	)		—			—			—			(12,018	)		(11,687	)		(9,006	)		(21,497	)		(7,395	)		(6,318	)
Contract maintenance charges		—			—			—			—			(2	)		(2	)		—			—			—			—
Other transfers (to) from EFILI, net		(1	)		1			(1	)		1			100			(182	)		(46	)		122			(65	)		(197	)

Net increase (decrease) in net assets from contract transactions		365			436			1,420			(476	)		(18,126	)		(20,361	)		(12,815	)		(28,755	)		(2,233	)		2,008

Total increase (decrease) in net assets		422			447			1,579			(417	)		(969	)		(9,315	)		11,269			(13,511	)		25,577			18,056

Net Assets:
Beginning of period		447			—			728			1,145			135,458			144,773			165,351			178,862			167,524			149,468

End of period	$	869		$	447		$	2,307		$	728		$	134,489		$	135,458		$	176,620		$	165,351		$	193,101		$	167,524



(In thousands)	Subaccounts Investing In:
	VIP – Funds Manager 85% Investor Class						VIP – Consumer Staples Initial Class						VIP – Consumer Staples Investor Class						VIP – Materials Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	1,080		$	886		$	8		$	18		$	235		$	321		$	2		$	3
Net realized gain (loss) on investments		3,048			420			32			27			832			602			108			30
Unrealized appreciation (depreciation)		10,782			6,882			(75	)		(7	)		(1,553	)		16			(39	)		(34	)

Net increase (decrease) in net assets from operations		14,910			8,188			(35	)		38			(486	)		939			71			(1	)


Contract Transactions:
Payments received from contract owners		1,296			1,817			—			—			13			33			—			—
Transfers between sub-accounts and the fixed account, net		2,591			4,294			(256	)		(7	)		(1,721	)		(3,055	)		(236	)		(61	)
Contract benefits		(217	)		(83	)		(1	)		(60	)		—			—			(3	)		(65	)
Contract terminations		(2,157	)		(2,083	)		(19	)		(27	)		(619	)		(785	)		(58	)		(346	)
Contract maintenance charges		—			—			—			—			—			—			—			—
Other transfers (to) from EFILI, net		7			8			(1	)		(43	)		—			(1	)		3			(1	)

Net increase (decrease) in net assets from contract transactions		1,520			3,953			(277	)		(137	)		(2,327	)		(3,808	)		(294	)		(473	)

Total increase (decrease) in net assets		16,430			12,141			(312	)		(99	)		(2,813	)		(2,869	)		(223	)		(474	)

Net Assets:
Beginning of period		77,485			65,344			997			1,096			15,828			18,697			890			1,364

End of period	$	93,915		$	77,485		$	685		$	997		$	13,015		$	15,828		$	667		$	890

See accompanying notes which are an integral part of the financial statements.


		43		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Materials Investor Class						VIP – Communication Services Initial Class						VIP – Communication Services Investor Class						VIP – Hedged Equity Investor Class^(C)					VIP – Emerging Markets Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24		12/31/25			12/31/24
Operations:
Net investment income (loss)	$	43		$	48		$	(30	)	$	(26	)	$	(15	)	$	(25	)	$	(14	)	$	—	$	10		$	4
Net realized gain (loss) on investments		656			12			595			630			3,293			2,204			1			—		3			(17	)
Unrealized appreciation (depreciation)		(230	)		(181	)		417			255			2,687			2,164			8			—		186			61

Net increase (decrease) in net assets from operations		469			(121	)		982			859			5,965			4,343			(5	)		—		199			48


Contract Transactions:
Payments received from contract owners		34			5			—			—			194			63			—			—		—			—
Transfers between sub-accounts and the fixed account, net		(85	)		(1,463	)		746			(866	)		4,900			(1,374	)		266			—		181			(10	)
Contract benefits		—			—			(369	)		(107	)		—			—			—			—		(2	)		(36	)
Contract terminations		(154	)		(315	)		(21	)		(805	)		(220	)		(393	)		—			—		(5	)		(70	)
Contract maintenance charges		—			—			(1	)		(1	)		—			—			—			—		—			—
Other transfers (to) from EFILI, net		1			2			38			22			(15	)		1			15			—		1			(1	)

Net increase (decrease) in net assets from contract transactions		(204	)		(1,771	)		393			(1,757	)		4,859			(1,703	)		281			—		175			(117	)

Total increase (decrease) in net assets		265			(1,892	)		1,375			(898	)		10,824			2,640			276			—		374			(69	)

Net Assets:
Beginning of period		4,385			6,277			2,804			3,702			16,845			14,205			—			—		526			595

End of period	$	4,650		$	4,385		$	4,179		$	2,804		$	27,669		$	16,845		$	276		$	—	$	900		$	526



(In thousands)	Subaccounts Investing In:
	VIP – Emerging Markets Investor Class						VIP – Floating Rate High Income Initial Class						VIP – Floating Rate High Income Investor Class						VIP – Bond Index Initial Class

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	358		$	165		$	126		$	124		$	2,123		$	2,161		$	1,209		$	908
Net realized gain (loss) on investments		439			135			16			18			(70	)		167			142			59
Unrealized appreciation (depreciation)		4,925			1,018			(59	)		3			(667	)		77			1,067			(741	)

Net increase (decrease) in net assets from operations		5,722			1,318			83			145			1,386			2,405			2,418			226


Contract Transactions:
Payments received from contract owners		49			26			—			—			417			825			21			535
Transfers between sub-accounts and the fixed account, net		3,790			(1,163	)		(275	)		58			(3,164	)		1,885			4,428			5,914
Contract benefits		—			(103	)		(12	)		(20	)		—			(596	)		(73	)		(13	)
Contract terminations		(574	)		(101	)		(26	)		(7	)		(1,388	)		(3,455	)		(1,154	)		(967	)
Contract maintenance charges		—			—			—			—			—			—			—			—
Other transfers (to) from EFILI, net		(1	)		(2	)		8			(64	)		3			—			(40	)		(13	)

Net increase (decrease) in net assets from contract transactions		3,264			(1,343	)		(305	)		(33	)		(4,132	)		(1,341	)		3,182			5,456

Total increase (decrease) in net assets		8,986			(25	)		(222	)		112			(2,746	)		1,064			5,600			5,682

Net Assets:
Beginning of period		13,510			13,535			1,946			1,834			30,601			29,537			34,520			28,838

End of period	$	22,496		$	13,510		$	1,724		$	1,946		$	27,855		$	30,601		$	40,120		$	34,520

^(C)	New Fund (Note 1)

See accompanying notes which are an integral part of the financial statements.


		44		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	VIP – Total Market Index Initial Class						VIP – Extended Market Index Initial Class						VIP – International Index Initial Class						VIF – Emerging Markets Equity Portfolio – Class I

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	644		$	647		$	90		$	95		$	706		$	526		$	3		$	65
Net realized gain (loss) on investments		5,011			2,623			181			227			1,487			544			128			(264	)
Unrealized appreciation (depreciation)		4,966			7,699			712			665			4,588			(139	)		1,471			632

Net increase (decrease) in net assets from operations		10,621			10,969			983			987			6,781			931			1,602			433


Contract Transactions:
Payments received from contract owners		2,011			985			345			111			342			65			1			4
Transfers between sub-accounts and the fixed account, net		3,623			10,344			18			(130	)		5,713			97			(909	)		(210	)
Contract benefits		(12	)		(12	)		—			(1	)		(5	)		(6	)		(15	)		(36	)
Contract terminations		(2,887	)		(1,545	)		(226	)		(137	)		(472	)		(474	)		(363	)		(444	)
Contract maintenance charges		—			—			—			—			—			—			—			—
Other transfers (to) from EFILI, net		(40	)		6			—			—			(23	)		—			(3	)		(20	)

Net increase (decrease) in net assets from contract transactions		2,695			9,778			137			(157	)		5,555			(318	)		(1,289	)		(706	)

Total increase (decrease) in net assets		13,316			20,747			1,120			830			12,336			613			313			(273	)

Net Assets:
Beginning of period		62,836			42,089			8,538			7,708			19,017			18,404			5,526			5,799

End of period	$	76,152		$	62,836		$	9,658		$	8,538		$	31,353		$	19,017		$	5,839		$	5,526


(In thousands)	Subaccounts Investing In:
	VIF – Emerging Markets Debt Portfolio – Class I						VIF – Global Strategist Class II						Lazard – Retirement Emerging Markets Investor						Invesco – VI Global Core Equity

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	1,063		$	742		$	(7	)	$	(9	)	$	181		$	208		$	81		$	57
Net realized gain (loss) on investments		(128	)		(91	)		182			(14	)		112			(11	)		558			98
Unrealized appreciation (depreciation)		138			118			420			303			2,008			255			321			735

Net increase (decrease) in net assets from operations		1,073			769			595			280			2,301			452			960			890


Contract Transactions:
Payments received from contract owners		101			209			5			4			27			1			—			201
Transfers between sub-accounts and the fixed account, net		(110	)		(219	)		(340	)		—			998			(468	)		(139	)		(82	)
Contract benefits		(9	)		(18	)		(12	)		(13	)		(6	)		(5	)		(8	)		(11	)
Contract terminations		(648	)		(462	)		(661	)		(41	)		(601	)		(328	)		(107	)		(135	)
Contract maintenance charges		—			—			—			—			—			—			—			—
Other transfers (to) from EFILI, net		2			1			(15	)		3			(2	)		1			(1	)		(18	)

Net increase (decrease) in net assets from contract transactions		(664	)		(489	)		(1,023	)		(47	)		416			(799	)		(255	)		(45	)

Total increase (decrease) in net asset		409			280			(428	)		233			2,717			(347	)		705			845

Net Assets:
Beginning of period		7,602			7,322			4,118			3,885			5,752			6,099			6,340			5,495

End of period	$	8,011		$	7,602		$	3,690		$	4,118		$	8,469		$	5,752		$	7,045		$	6,340

See accompanying notes which are an integral part of the financial statements.


		45		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	Allspring – VT Discovery SMID Cap Growth Class 2						Allspring – VT Opportunity Class 2						PVIT – Commodity Real Return Portfolio - Administrative						PVIT – Low Duration Portfolio - Administrative

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	(28	)	$	(27	)	$	(11	)	$	(11	)	$	160		$	79		$	1,040		$	989
Net realized gain (loss) on investments		54			61			161			147			(34	)		(397	)		(6	)		(306	)
Unrealized appreciation (depreciation)		121			504			(66	)		50			767			472			405			411

Net increase (decrease) in net assets from operations		147			538			84			186			893			154			1,439			1,094


Contract Transactions:
Payments received from contract owners		—			—			—			—			—			—			37			48
Transfers between sub-accounts and the fixed account, net		(50	)		(128	)		(6	)		—			3,068			(301	)		6,360			(2,027	)
Contract benefits		(18	)		(116	)		(15	)		(23	)		—			—			(3	)		(9	)
Contract terminations		(33	)		(8	)		(49	)		(4	)		(38	)		(185	)		(2,546	)		(1,195	)
Contract maintenance charges		(2	)		(2	)		—			—			—			—			(1	)		—
Other transfers (to) from EFILI, net		(7	)		7			2			(50	)		—			(1	)		(1	)		(1	)

Net increase (decrease) in net assets from contract transactions		(110	)		(247	)		(68	)		(77	)		3,030			(487	)		3,846			(3,184	)

Total increase (decrease) in net assets		37			291			16			109			3,923			(333	)		5,285			(2,090	)

Net Assets:
Beginning of period		3,462			3,171			1,436			1,327			3,812			4,145			26,493			28,583

End of period	$	3,499		$	3,462		$	1,452		$	1,436		$	7,735		$	3,812		$	31,778		$	26,493


(In thousands)	Subaccounts Investing In:
	PVIT – Real Return Portfolio - Administrative						PVIT – Total Return Portfolio - Administrative						Blackrock – Global Allocation V.I. Fund - Class 1						FTVIP – Templeton Global Bond Fund - Class 2

	12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24			12/31/25			12/31/24
Operations:
Net investment income (loss)	$	396		$	321		$	1,130		$	1,140		$	890		$	279		$	(7	)	$	(8	)
Net realized gain (loss) on investments		(68	)		(754	)		(327	)		(163	)		2,436			1,750			(98	)		(361	)
Unrealized appreciation (depreciation)		591			684			1,589			(288	)		1,627			354			681			(134	)

Net increase (decrease) in net assets from operations		919			251			2,392			689			4,953			2,383			576			(503	)


Contract Transactions:
Payments received from contract owners		1			3			115			71			64			34			37			7
Transfers between sub-accounts and the fixed account, net		605			(1,292	)		843			(623	)		(797	)		(872	)		351			(354	)
Contract benefits		(5	)		(2	)		—			(26	)		(1	)		(1	)		—			(1	)
Contract terminations		(657	)		(1,594	)		(2,614	)		(1,021	)		(1,708	)		(1,702	)		(504	)		(199	)
Contract maintenance charges		—			—			—			—			—			(1	)		—			—
Other transfers (to) from EFILI, net		(1	)		—			1			2			—			—			1			1

Net increase (decrease) in net assets from contract transactions		(57	)		(2,885	)		(1,655	)		(1,597	)		(2,442	)		(2,542	)		(115	)		(546	)

Total increase (decrease) in net assets		862			(2,634	)		737			(908	)		2,511			(159	)		461			(1,049	)

Net Assets:
Beginning of period		12,410			15,044			29,044			29,952			27,254			27,413			3,608			4,657

End of period	$	13,272		$	12,410		$	29,781		$	29,044		$	29,765		$	27,254		$	4,069		$	3,608

See accompanying notes which are an integral part of the financial statements.


		46		Annual Report

Empire Fidelity Investments Variable Annuity Account A

Statements of Changes in Net Assets - continued

For the years ended December 31, 2025 and 2024


(In thousands)	Subaccounts Investing In:
	FTVIP – Franklin US Government Securities Fund - Class 2

	12/31/25			12/31/24
Operations:
Net investment income (loss)	$	158		$	123
Net realized gain (loss) on investments		(102	)		(253	)
Unrealized appreciation (depreciation)		219			155

Net increase (decrease) in net assets from operations		275			25


Contract Transactions:
Payments received from contract owners		2			5
Transfers between sub-accounts and the fixed account, net		(229	)		(728	)
Contract benefits		—			—
Contract terminations		(854	)		(384	)
Contract maintenance charges		—			—
Other transfers (to) from EFILI, net		2			—

Net increase (decrease) in net assets from contract transactions		(1,079	)		(1,107	)

Total increase (decrease) in net assets		(804	)		(1,082	)

Net Assets:
Beginning of period		4,566			5,648

End of period	$	3,762		$	4,566

See accompanying notes which are an integral part of the financial statements.


		47		Annual Report

Notes to Financial Statements

Empire Fidelity Investments Variable Annuity Account A

1. Organization

Empire Fidelity Investments Variable Annuity Account A (the “Account”), a unit investment trust registered under the Investment Company Act of 1940 as amended, was established by Empire Fidelity Investments Life Insurance Company (“EFILI”) on July 15, 1991 and exists in accordance with the regulations of the New York State Department of Financial Services (“Insurance Department”). EFILI is a wholly-owned subsidiary of Fidelity Investments Life Insurance Company (“FILI”) which is a wholly-owned subsidiary of FMR LLC. The Account is a funding vehicle of individual Retirement Reserves, Personal Retirement Annuity, Income Advantage, Freedom Lifetime Income and Growth and Guaranteed Income variable annuity contracts. Retirement Reserves, Growth and Guaranteed Income, which offered a guaranteed minimum withdrawal benefit, Income Advantage and Freedom Lifetime Income were closed to new business. Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from the other assets and liabilities of EFILI. The Account cannot be charged with liabilities arising out of any other business of EFILI.

Each subaccount invests exclusively in one of the Funds (“Underlying Funds”) that are part of the following fund groups:

Fund Groups

Fidelity Variable Insurance Product Funds (Initial Class) (“VIP – Initial Class”)

Fidelity Variable Insurance Product Funds (Investor Class) (“VIP – Investor Class”)

Morgan Stanley Variable Insurance Funds, Inc. (Class I) (“VIF”)

Morgan Stanley Variable Insurance Funds, Inc. (Class II) (“VIF”) (“VIF – Class II”)

Allspring Variable Trust Funds (Class 2) (“Allspring”)

Lazard Retirement Series, Inc. (Investor Class) (“Lazard”)

PIMCO Variable Insurance Trust Funds (Administrative Class) (“PVIT”)

Invesco Advisers, Inc. (Series I) (“Invesco”)

Franklin Templeton Variable Insurance Products Trust Funds (Class 2) (“FTVIP”)

Blackrock Variable Series Funds (Class I) (“Blackrock”)

The VIP Freedom 2005 Initial Class and VIP Freedom Income Initial Class funds approved a Plan of Reorganization Agreement to transfer all the net assets of the VIP Freedom 2005 Initial Class fund in exchange for shares of the VIP Freedom Income Initial Class fund effective June 7, 2024. The VIP Investor Freedom 2005 Investor Class and VIP Investor Freedom Income Investor Class funds approved a Plan of Reorganization Agreement to transfer all the net assets of the VIP Investor Freedom 2005 Investor Class fund in exchange for shares of the VIP Investor Freedom Income Investor Class fund effective June 7, 2024.

During 2025, the following underlying funds were renamed:

Old Name

VIP – Asset Manager Initial Class

VIP – Asset Manager Investor Class

VIP – Asset Manager Growth Initial Class

VIP – Asset Manager Growth Investor Class

New Name

VIP – Asset Manager 50% Initial Class

VIP – Asset Manager 50% Investor Class

VIP – Asset Manager 70% Initial Class

VIP – Asset Manager 70% Investor Class

During 2025, the following underlying funds were added and commenced operations effective May 1, 2025

VIP – Hedged Equity Investor Class

As of December 31, 2025, the net assets and units of Retirement Reserve contracts that have annuitized were $24,178,000 and 232,000 respectively.

2. Significant Accounting Policies

The following is a summary of significant accounting policies followed consistently by the Account in preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The Financial Accounting Standards Board (“FASB”) established the FASB Accounting Standards Codification (“the Codification”) as the source of authoritative GAAP. All guidance contained in the Codification carries an equal level of authority.

Investments

Investments are made by the subaccounts in their corresponding mutual fund portfolios and are valued at the reported net asset values of such portfolios. Investment transactions are recorded on the trade date. Income from dividends and realized capital gain distributions are recorded on the ex-dividend date. Realized gains and losses include gains and losses on the sales of investments (computed on the basis of the identified cost of the investment sold) and capital gain distributions from the mutual funds.


		48		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

2. Significant Accounting Policies - continued

Receivable from/Payable to EFILI

Receivable from/payable to EFILI represents adjustments for contract guarantees, which are the responsibility of EFILI, and accruals for daily charges deducted from the net assets of the Account.

Contract Transactions

Other transfers (to) from EFILI, net, as reported in the Statement of Changes in Net Assets, represents miscellaneous contract transfers.

Federal Income Taxes

The operations of the Account are included in the federal income tax return of EFILI, which is taxed as a life insurance company under the provisions of the Internal Revenue Code (the “Code”).

Under the current provisions of the Code, EFILI does not expect to incur federal income taxes on the earnings of the Account to the extent the earnings are credited under the contracts. EFILI incurs federal income taxes on the difference between the financial statement carrying value of reserves for contracts in the income stage and those reserves held for federal income tax purposes. The tax effect of this temporary difference is expected to be recovered by EFILI when the difference reverses. As such, no charge is being made currently to the Account for federal income taxes. EFILI will review periodically the status of such decision based on changes in the tax law. Such a charge may be made in future years for any federal income taxes that would be attributable to the contracts.

Under the provisions of Section 817(h) of the Code, a variable annuity contract will not be treated as an annuity contract for federal income tax purposes for any period for which the investments of the segregated asset account on which the contract is based are not adequately diversified. The Code provides that the “adequately diversified” requirement may be met if the underlying investments satisfy either a statutory safe harbor test or diversification requirements set forth in regulations issued by the Secretary of the Treasury. The Internal Revenue Service has issued regulations under Section 817(h) of the Code. EFILI believes that the Separate Account satisfies the current requirements of the regulations, and it intends that it will continue to meet such requirements.

Estimates

The preparation of the Financial Statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the related amounts and disclosures in the financial statements. Actual results could differ from those estimates.

Fair Value Measurements

The Financial Accounting Standards Board issued guidance on fair value measurements that establishes a framework for measuring fair value under U.S. GAAP and disclosures about fair value measurements. The definition of fair value focuses on the price that would be received to sell the asset or paid to transfer the liability regardless of whether an observable market price existed (an exit price). In addition, the guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels (“Level 1, 2, and 3”).

The Account carries investments which are made by the subaccounts in their corresponding mutual funds at fair value in the financial statements. The mutual funds are valued at the reported net asset values of such portfolios. The Account categorized the financial assets carried at fair value in the Statement of Assets and Liabilities based upon the guidance’s three-level valuation hierarchy. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable valuation inputs (Level 3). If the inputs used to measure a financial asset or liability cross different levels of the hierarchy, categorization is based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular input to the overall fair value measurement of a financial asset or liability requires judgment, and considers factors specific to the asset or liability. The three levels are described below:

•

Level 1 – Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets and liabilities in an active market (e.g., active exchange-traded equities).

•

Level 2 – Financial assets and liabilities whose values are based on quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

•

Level 3 – Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable in the market and significant to the overall fair value measurement. These inputs reflect judgments about the assumptions that a market participant would use in pricing the asset or liability, and are based on the best available information, some of which is internally developed.


		49		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

2. Significant Accounting Policies - continued

All subaccounts are invested in mutual funds whose value is based on the underlying net asset value of those funds. Open ended mutual funds in the subaccounts produce a daily NAV that is validated with a sufficient level of observable activity to support classification of the fair value measurement as Level 1. There were no transfers between Level 1 and Level 2 during 2025 and 2024. The Account had no Level 3 activity during 2025 and 2024.

Operating Segments

FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures (“ASU 2023-07”) provides segment reporting guidance for public companies.

The Account operates as a funding vehicle for variable life contracts. The Account’s products constitute a single operating segment and therefore, a single reportable segment. The Account is comprised of subaccounts which invest in corresponding Funds. The Account is structured with the sole purpose to record and report the invested funds and activities and performance chosen by variable annuity contract holders. Investment performance of funds may vary based on the underlying fund’s investment objectives as specified in the fund prospectuses.

The chief operating decision maker (“CODM”) is represented by EFILI’s management which includes the Head of Operations and Business Development. The CODM oversees the products and the performance of the underlying funds to evaluate the results of the business and make operational decisions. Detailed financial information for the Account and underlying subaccounts are disclosed within these financial statements. The Account generates revenues from investment income on the invested funds and expenses from product charges for mortality and expense risk and administrative and other charges which are reported separately on the Statements of Operations. The measure of segment profit or loss is reported on the Statements of Operations as “Net increase (decrease) in net assets from operations” and the measure of segment assets is reported as “Total net assets” on the Statements of Assets and Liabilities. The accounting policies of the Accounts are consistent with those described in the Notes to the Financial Statements.

3. Expenses and Related Party Transactions

EFILI deducts a daily charge, through a reduction in unit values, from the net assets of the Account for the assumption of mortality and expense risks and for administrative charges. EFILI also deducts an annual maintenance charge, through a redemption of units, for the Retirement Reserves. The maintenance charge, which is waived on certain contracts, is recorded as a contract transaction in the accompanying Statement of Changes in Net Assets.

EFILI previously offered Retirement Reserves contract holders the opportunity to elect a death benefit rider. The rider allowed the contract holder to lock in their death benefit at the highest contract value at any contract anniversary date before the annuitant reached age 80. Effective January 1, 2003, the rider was no longer available to new contracts. For those contract holders who had elected the rider, EFILI continues to deduct a quarterly charge, through a redemption of units. There will be no charges made once the annuitants reach their 85th birthday. The death benefit rider is recorded as a contract transaction in the accompanying Statement of Changes in Net Assets.

The annual mortality and expense and administrative charge for certain contract holders in Personal Retirement Annuity is .20% and .05%, respectively. In addition, certain Personal Retirement Annuity contract holders are eligible for a lower annual mortality and expense and administration charge of .05% and .05%, respectively, with an initial purchase or contract value of $1 million or greater.

Effective January 1, 2009, the annual mortality and expense and administrative charges for new contract holders in Growth and Guaranteed Income is 1.00% and .25%, respectively for single annuitants and 1.15% and .25%, respectively for joint annuitants. The annual mortality and expense and administrative charge for contract holders in Growth and Guaranteed Income prior to January 1, 2009 is .85% and .25%, respectively for single annuitants and 1.00% and .25%, respectively for joint annuitants.

The annual rates of mortality and expense risk fees, administrative expense fees, death benefit fees, and the maximum dollar amount of the contract fee for the year ended December 31, 2025 are displayed in the table below.


	Retirement Reserves		Income Advantage		Personal Retirement		Freedom Lifetime Income		Growth and Guaranteed Income
Variable Account Deductions:
Mortality and Expense Risk (Annual Rate)		0.75%		0.75%		0.05% - 0.20%		0.50%		0.85% - 1.15%
Administrative Expense (Annual Rate)		0.05%		0.25%		0.05%		0.10%		0.25%

Contract Deductions:
Death Benefit Fees (Annual Rate)		0.20%		—		—		—		—
Annual Maintenance Charge (Maximum)		$30		—		—		—		—

The disclosures above include charges currently assessed to the policyholder. There are certain other additional charges, such as exchange charges and other taxes which may be assessed in accordance with the terms of the contract in future periods.


		50		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

3. Expenses and Related Party Transactions - continued

The contracts are distributed through Fidelity Brokerage Services LLC (“FBS”), Fidelity Insurance Agency, Inc. (“FIA”), and Fidelity Investments Institutional Services Company, LLC. (“FIIS”), all of which are subsidiaries with FMR LLC. FBS, FIA and FIIS are the distributors, FBS is the principal underwriter of the contracts. Fidelity Investments Institutional Operations Company, LLC (“FIIOC”), a subsidiary of FMR LLC, is the transfer and shareholder servicing agent for the VIP and VIP Investor Class portfolios.

Management fees are paid by certain funds to Fidelity Management & Research Company, a subsidiary of FMR LLC, in its capacity as advisor to the VIP and VIP Investor Class mutual fund portfolios. The total management fees, as a percentage of a fund’s average net assets, for the year ended December 31, 2025 were .045% to .910% depending on the fund.

4. Investments

Purchases and Sales

The following table shows aggregate cost of shares purchased and proceeds from sales of each portfolio for the year ended

December 31, 2025:


	Purchases (000s)		Sales (000s)
VIP - Government Money Market Initial Class	$	18,330	$	14,368
VIP - Government Money Market Investor Class		160,799		133,104
VIP - High Income Initial Class		468		693
VIP - High Income Investor Class		5,450		6,208
VIP - Equity-Income Initial Class		3,418		5,370
VIP - Equity-Income Investor Class		17,978		13,165
VIP - Growth Initial Class		11,518		12,769
VIP - Growth Investor Class		25,937		27,867
VIP - Overseas Initial Class		2,233		1,533
VIP - Overseas Investor Class		10,627		5,079
VIP - Investment Grade Bond Initial Class		843		1,713
VIP - Investment Grade Bond Investor Class		18,471		14,423
VIP - Asset Manager 50% Initial Class^(B)		1,966		3,209
VIP - Asset Manager 50% Investor Class^(B)		5,636		3,784
VIP - Index 500 Initial Class		52,038		86,057
VIP - Asset Manager 70% Initial Class^(B)		393		635
VIP - Asset Manager 70% Investor Class^(B)		5,462		1,134
VIP - Contrafund Initial Class		30,004		20,631
VIP - Contrafund Investor Class		78,945		43,044
VIP - Balanced Initial Class		1,232		3,146
VIP - Balanced Investor Class		47,116		48,536
VIP - Dynamic Capital Appreciation Initial Class		759		400
VIP - Dynamic Capital Appreciation Investor Class		5,312		3,412
VIP - Growth & Income Initial Class		3,404		1,785
VIP - Growth & Income Investor Class		10,835		7,002
VIP - Growth Opportunities Initial Class		2,147		3,999
VIP - Growth Opportunities Investor Class		15,687		16,254
VIP - Mid Cap Initial Class		3,291		4,001
VIP - Mid Cap Investor Class		11,439		14,330
VIP - Value Strategies Initial Class		301		466
VIP - Value Strategies Investor Class		2,551		4,892
VIP - Utilities Initial Class		637		1,057
VIP - Utilities Investor Class		9,820		8,719
VIP - Technology Initial Class		6,365		8,725
VIP - Technology Investor Class		40,186		33,935
VIP - Energy Initial Class		646		1,530
VIP - Energy Investor Class		3,135		5,942
VIP - Health Care Initial Class		1,002		2,064
VIP - Health Care Investor Class		8,004		13,713
VIP - Financials Initial Class		688		989
VIP - Financials Investor Class		10,116		9,120
VIP - Industrials Initial Class		915		850
VIP - Industrials Investor Class		9,336		4,141
VIP - Consumer Discretionary Initial Class		383		575
VIP - Consumer Discretionary Investor Class		5,591		4,974
VIP - Real Estate Initial Class		220		556


^(B) Fund Name Change (Note 1)		51		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

4. Investments - continued

Purchases and Sales—(Continued)


	Purchases (000s)		Sales (000s)
VIP - Real Estate Investor Class	$	1,260	$	5,067
VIP - Strategic Income Initial Class		595		517
VIP - Strategic Income Investor Class		10,723		6,790
VIP - International Capital Appreciation Initial Class		429		331
VIP - International Capital Appreciation Investor Class		9,961		7,692
VIP - Value Initial Class		210		1,046
VIP - Value Investor Class		4,329		4,386
VIP - Freedom Income Initial Class		102		193
VIP - Freedom Income Investor Class		363		1,255
VIP - Freedom 2010 Initial Class		93		83
VIP - Investor Freedom 2010 Investor Class		313		284
VIP - Freedom 2015 Initial Class		123		236
VIP - Investor Freedom 2015 Investor Class		655		1,287
VIP - Freedom 2020 Initial Class		134		77
VIP - Investor Freedom 2020 Investor Class		2,922		4,415
VIP - Freedom 2025 Initial Class		159		1,162
VIP - Investor Freedom 2025 Investor Class		2,148		2,060
VIP - Freedom 2030 Initial Class		176		396
VIP - Investor Freedom 2030 Investor Class		3,325		2,723
VIP - Freedom 2035 Initial Class		33		20
VIP - Investor Freedom 2035 Investor Class		726		549
VIP - Freedom 2040 Initial Class		568		22
VIP - Investor Freedom 2040 Investor Class		1,151		344
VIP - Freedom 2045 Initial Class		52		18
VIP - Investor Freedom 2045 Investor Class		107		129
VIP - Freedom 2050 Initial Class		20		18
VIP - Investor Freedom 2050 Investor Class		236		192
VIP - Freedom Lifetime Income I		46		110
VIP - Freedom Lifetime Income II		73		94
VIP - Freedom Lifetime Income III		186		179
VIP - Disciplined Small Cap Initial Class		485		637
VIP - Disciplined Small Cap Investor Class		6,577		10,217
VIP - FundsManager 20% Investor Class		2,749		6,586
VIP - FundsManager 30% Investor Class		397		5
VIP - FundsManager 40% Investor Class		1,720		239
VIP - FundsManager 50% Investor Class		6,654		21,684
VIP - FundsManager 60% Investor Class		15,334		24,429
VIP - FundsManager 70% Investor Class		21,332		18,883
VIP - FundsManager 85% Investor Class		14,077		9,998
VIP - Consumer Staples Initial Class		97		312
VIP - Consumer Staples Investor Class		2,083		3,283
VIP - Materials Initial Class		251		399
VIP - Materials Investor Class		1,572		1,028
VIP - Communication Services Initial Class		1,569		931
VIP - Communication Services Investor Class		11,337		4,858
VIP - Hedged Equity Investor Class^(C)		388		122
VIP - Emerging Markets Initial Class		895		705
VIP - Emerging Markets Investor Class		7,482		3,718
VIP - Floating Rate High Income Initial Class		732		912
VIP - Floating Rate High Income Investor Class		12,365		14,376
VIP - Bond Index Initial Class		11,625		7,189
VIP - Total Market Index Initial Class		20,585		17,196
VIP - Extended Market Index Initial Class		1,941		1,715
VIP - International Index Initial Class		12,964		6,677
VIF - Emerging Markets Equity Portfolio - Class I		3,121		4,234
VIF - Emerging Markets Debt Portfolio - Class I		1,611		1,213
VIF - Global Strategist - Class II		299		1,194
Lazard - Retirement Emerging Markets Portfolio - Investor		3,554		2,958


^(C) New Fund (Note 1)		52		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

4. Investments - continued

Purchases and Sales—(Continued)


	Purchases (000s)		Sales (000s)
Invesco - VI Global Core Equity Series I	$	843	$	554
Allspring - VT Discovery SMID Cap Growth Class 2		28		142
Allspring - VT Opportunity Class 2		159		82
PVIT - Commodity Real Return Portfolio - Administrative		5,035		1,846
PVIT - Low Duration Portfolio - Administrative		10,204		5,318
PVIT - Real Return Portfolio - Administrative		2,781		2,442
PVIT - Total Return Portfolio - Administrative		3,994		4,519
Blackrock - Global Allocation V.I. Fund - Class I		5,260		4,559
FTVIP - Templeton Global Bond Fund - Class 2		2,199		2,321
FTVIP - Franklin U.S. Government Securities Fund - Class 2		1,544		2,466

Shares, Aggregate Cost and Net Asset Value

The following table shows the number of shares owned, aggregate cost and net asset value per share of each portfolio at December 31, 2025:


	Number of Shares (000s)		Aggregate Cost (000s)		Net Asset Value per Share
VIP - Government Money Market Initial Class		26,166	$	26,166	$	1.00
VIP - Government Money Market Investor Class		258,306		258,306		1.00
VIP - High Income Initial Class		739		9,120		4.88
VIP - High Income Investor Class		5,698		33,968		4.84
VIP - Equity-Income Initial Class		1,481		39,192		29.43
VIP - Equity-Income Investor Class		2,529		68,412		29.14
VIP - Growth Initial Class		885		79,880		97.72
VIP - Growth Investor Class		1,092		111,013		96.48
VIP - Overseas Initial Class		294		7,952		27.52
VIP - Overseas Investor Class		1,030		28,447		27.39
VIP - Investment Grade Bond Initial Class		783		10,745		11.36
VIP - Investment Grade Bond Investor Class		5,996		78,955		11.30
VIP - Asset Manager 50% Initial Class		1,105		19,146		17.62
VIP - Asset Manager 50% Investor Class		1,494		25,362		17.44
VIP - Index 500 Initial Class		909		374,314		660.13
VIP - Asset Manager 70% Initial Class		247		4,896		25.87
VIP - Asset Manager 70% Investor Class		715		16,087		25.62
VIP - Contrafund Initial Class		3,037		135,909		59.89
VIP - Contrafund Investor Class		5,683		290,380		59.15
VIP - Balanced Initial Class		492		10,699		26.51
VIP - Balanced Investor Class		13,329		291,297		26.16
VIP - Dynamic Capital Appreciation Initial Class		202		3,446		19.68
VIP - Dynamic Capital Appreciation Investor Class		1,017		17,757		19.58
VIP - Growth & Income Initial Class		655		16,656		33.35
VIP - Growth & Income Investor Class		1,385		39,025		33.09
VIP - Growth Opportunities Initial Class		260		18,015		99.69
VIP - Growth Opportunities Investor Class		1,290		98,998		98.43
VIP - Mid Cap Initial Class		644		24,551		37.51
VIP - Mid Cap Investor Class		1,613		63,377		37.05
VIP - Value Strategies Initial Class		250		4,227		15.93
VIP - Value Strategies Investor Class		1,035		17,301		15.74
VIP - Utilities Initial Class		87		2,083		26.01
VIP - Utilities Investor Class		938		22,576		25.77
VIP - Technology Initial Class		1,098		35,489		47.54
VIP - Technology Investor Class		4,697		158,131		46.43
VIP - Energy Initial Class		85		2,515		27.28
VIP - Energy Investor Class		431		12,021		27.22
VIP - Health Care Initial Class		252		8,943		38.31
VIP - Health Care Investor Class		1,272		46,672		37.76
VIP - Financials Initial Class		65		1,209		20.50
VIP - Financials Investor Class		1,313		23,601		20.35


^(B) Fund Name Change (Note 1)		53		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

4. Investments - continued

Shares, Aggregate Cost and Net Asset Value—(Continued)


	Number of Shares (000s)		Aggregate Cost (000s)		Net Asset Value per Share
VIP - Industrials Initial Class		104	$	2,590	$	30.53
VIP - Industrials Investor Class		1,085		27,110		30.12
VIP - Consumer Discretionary Initial Class		48		1,725		39.61
VIP - Consumer Discretionary Investor Class		593		21,051		39.31
VIP - Real Estate Initial Class		98		2,446		17.84
VIP - Real Estate Investor Class		656		14,623		17.69
VIP - Strategic Income Initial Class		339		4,015		11.23
VIP - Strategic Income Investor Class		5,206		61,321		11.18
VIP - International Capital Appreciation Initial Class		85		1,826		26.63
VIP - International Capital Appreciation Investor Class		1,636		37,013		26.36
VIP - Value Initial Class		67		1,312		19.28
VIP - Value Investor Class		1,364		26,043		19.22
VIP - Freedom Income Initial Class		111		1,283		11.69
VIP - Freedom Income Investor Class		366		4,404		11.53
VIP - Freedom 2010 Initial Class		31		423		12.15
VIP - Investor Freedom 2010 Investor Class		368		4,581		12.82
VIP - Freedom 2015 Initial Class		64		844		11.98
VIP - Investor Freedom 2015 Investor Class		683		8,978		12.78
VIP - Freedom 2020 Initial Class		88		1,272		13.26
VIP - Investor Freedom 2020 Investor Class		1,038		14,263		13.40
VIP - Freedom 2025 Initial Class		51		845		17.25
VIP - Investor Freedom 2025 Investor Class		1,014		15,467		15.33
VIP - Freedom 2030 Initial Class		72		1,162		17.68
VIP - Investor Freedom 2030 Investor Class		1,547		23,216		16.46
VIP - Freedom 2035 Initial Class		2		54		30.16
VIP - Investor Freedom 2035 Investor Class		73		892		12.39
VIP - Freedom 2040 Initial Class		20		547		29.78
VIP - Investor Freedom 2040 Investor Class		145		1,719		12.95
VIP - Freedom 2045 Initial Class		2		65		30.68
VIP - Investor Freedom 2045 Investor Class		2		22		13.18
VIP - Freedom 2050 Initial Class		–		1		27.68
VIP - Investor Freedom 2050 Investor Class		24		293		13.24
VIP - Freedom Lifetime Income I		85		983		10.89
VIP - Freedom Lifetime Income II		71		872		12.44
VIP - Freedom Lifetime Income III		175		2,228		13.93
VIP - Disciplined Small Cap Initial Class		72		1,392		20.19
VIP - Disciplined Small Cap Investor Class		1,506		28,208		20.05
VIP - FundsManager 20% Investor Class		4,461		52,216		11.20
VIP - FundsManager 30% Investor Class		76		840		11.38
VIP - FundsManager 40% Investor Class		194		2,182		11.87
VIP - FundsManager 50% Investor Class		10,042		130,399		13.39
VIP - FundsManager 60% Investor Class		15,051		173,328		11.74
VIP - FundsManager 70% Investor Class		12,771		170,978		15.12
VIP - FundsManager 85% Investor Class		6,005		80,556		15.64
VIP - Consumer Staples Initial Class		39		802		17.43
VIP - Consumer Staples Investor Class		751		15,011		17.32
VIP - Materials Initial Class		43		783		15.38
VIP - Materials Investor Class		303		5,348		15.35
VIP - Communication Services Initial Class		144		3,174		29.00
VIP - Communication Services Investor Class		967		21,860		28.61
VIP - Hedged Equity Investor Class^(C)		25		268		11.15
VIP - Emerging Markets Initial Class		57		897		15.83
VIP - Emerging Markets Investor Class		1,431		21,188		15.72
VIP - Floating Rate High Income Initial Class		178		1,793		9.65
VIP - Floating Rate High Income Investor Class		2,883		29,216		9.66
VIP - Bond Index Initial Class		4,082		43,322		9.84
VIP - Total Market Index Initial Class		3,119		60,109		24.43
VIP - Extended Market Index Initial Class		606		8,722		15.94
VIP - International Index Initial Class		2,233		26,903		14.05


^(C) New Fund (Note 1)		54		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

4. Investments - continued

Shares, Aggregate Cost and Net Asset Value—(Continued)


	Number of Shares (000s)		Aggregate Cost (000s)		Net Asset Value per Share
VIF - Emerging Markets Equity Portfolio - Class I		333	$	6,974	$	17.57
VIF - Emerging Markets Debt Portfolio - Class I		1,481		12,641		5.41
VIF - Global Strategist - Class II		353		4,271		10.44
Lazard - Retirement Emerging Markets Portfolio - Investor		287		7,642		29.51
Invesco - VI Global Core Equity Series I		599		6,493		11.79
Allspring - VT Discovery SMID Cap Growth Class 2		138		4,158		25.29
Allspring - VT Opportunity Class 2		58		1,611		25.70
PVIT - Commodity Real Return Portfolio - Administrative		1,230		10,522		6.29
PVIT - Low Duration Portfolio - Administrative		3,249		34,227		9.78
PVIT - Real Return Portfolio - Administrative		1,105		15,898		12.01
PVIT - Total Return Portfolio - Administrative		3,151		36,384		9.45
Blackrock - Global Allocation V.I. Fund - Class I		1,703		31,206		17.48
FTVIP - Templeton Global Bond Fund - Class 2		309		6,125		13.17
FTVIP - Franklin U.S. Government Securities Fund - Class 2		358		4,664		10.50

5. Changes in Units Outstanding

The changes in units outstanding for the years ended December 31, 2025 and 2024 were as follows:


	Retirement Reserves						Income Advantage						Personal Retirement						Freedom Lifetime Income

(in thousands)	2025			2024			2025			2024			2025			2024			2025		2024
VIP - Government Money Market Initial Class
Units Issued		906			467			—			—			—			—			—		—
Units Redeemed		(767	)		(536	)		(2	)		(2	)		—			—			—		—

Net Increase (Decrease)		139			(69	)		(2	)		(2	)		—			—			—		—

VIP - Government Money Market Investor Class
Units Issued		—			—			—			—			21,147			205			—		—
Units Redeemed		—			—			—			—			(19,669	)		(198	)		—		—

Net Increase (Decrease)		—			—			—			—			1,478			7			—		—

VIP - High Income Initial Class
Units Issued		4			3			—			—			—			—			—		—
Units Redeemed		(9	)		(11	)		(1	)		(1	)		—			—			—		—

Net Increase (Decrease)		(5	)		(8	)		(1	)		(1	)		—			—			—		—

VIP - High Income Investor Class
Units Issued		—			—			—			—			170			17,828			—		—
Units Redeemed		—			—			—			—			(278	)		(19,119	)		—		—

Net Increase (Decrease)		—			—			—			—			(108	)		(1,291	)		—		—

VIP - Equity-Income Initial Class
Units Issued		2			2			—			—			—			—			—		—
Units Redeemed		(21	)		(21	)		(2	)		(2	)		—			—			—		—

Net Increase (Decrease)		(19	)		(19	)		(2	)		(2	)		—			—			—		—

VIP - Equity-Income Investor Class
Units Issued		—			—			—			—			298			250			—		—
Units Redeemed		—			—			—			—			(307	)		(300	)		—		—

Net Increase (Decrease)		—			—			—			—			(9	)		(50	)		—		—

VIP - Growth Initial Class
Units Issued		3			5			—			—			—			—			—		—
Units Redeemed		(26	)		(20	)		(1	)		—			—			—			—		—

Net Increase (Decrease)		(23	)		(15	)		(1	)		—			—			—			—		—

VIP - Growth Investor Class
Units Issued		—			—			—			—			134			322			—		—
Units Redeemed		—			—			—			—			(285	)		(221	)		—		—

Net Increase (Decrease)		—			—			—			—			(151	)		101			—		—

VIP - Overseas Initial Class
Units Issued		19			—			—			—			—			—			—		—
Units Redeemed		(19	)		(9	)		(1	)		(1	)		—			—			—		—

Net Increase (Decrease)		—			(9	)		(1	)		(1	)		—			—			—		—


		55		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

5. Changes in Units Outstanding - continued


	Retirement Reserves						Income Advantage						Personal Retirement						Freedom Lifetime Income

(in thousands)	2025			2024			2025			2024			2025			2024			2025		2024
VIP - Overseas Investor Class
Units Issued		—			—			—			—			286			122			—		—
Units Redeemed		—			—			—			—			(190	)		(221	)		—		—

Net Increase (Decrease)		—			—			—			—			96			(99	)		—		—

VIP - Investment Grade Bond Initial Class
Units Issued		11			17			—			—			—			—			—		—
Units Redeemed		(30	)		(34	)		(5	)		(4	)		—			—			—		—

Net Increase (Decrease)		(19	)		(17	)		(5	)		(4	)		—			—			—		—

VIP - Investment Grade Bond Investor Class
Units Issued		—			—			—			—			1,117			840			—		—
Units Redeemed		—			—			—			—			(927	)		(664	)		—		—

Net Increase (Decrease)		—			—			—			—			190			176			—		—

VIP - Asset Manager 50% Initial Class^(B)
Units Issued		8			—			—			—			—			—			—		—
Units Redeemed		(34	)		(24	)		(1	)		(2	)		—			—			—		—

Net Increase (Decrease)		(26	)		(24	)		(1	)		(2	)		—			—			—		—

VIP - Asset Manager 50% Investor Class^(B)
Units Issued		—			—			—			—			137			39			—		—
Units Redeemed		—			—			—			—			(125	)		(103	)		—		—

Net Increase (Decrease)		—			—			—			—			12			(64	)		—		—

VIP - Index 500 Initial Class
Units Issued		11			14			—			—			787			1,094			—		—
Units Redeemed		(48	)		(36	)		(4	)		(3	)		(1,251	)		(962	)		—		—

Net Increase (Decrease)		(37	)		(22	)		(4	)		(3	)		(464	)		132			—		—

VIP - Asset Manager 70% Initial Class^(B)
Units Issued		1			3			—			—			—			—			—		—
Units Redeemed		(8	)		(7	)		—			(1	)		—			—			—		—

Net Increase (Decrease)		(7	)		(4	)		—			(1	)		—			—			—		—

VIP - Asset Manager 70% Investor Class^(B)
Units Issued		—			—			—			—			127			59			—		—
Units Redeemed		—			—			—			—			(31	)		(50	)		—		—

Net Increase (Decrease)		—			—			—			—			96			9			—		—

VIP - Contrafund Initial Class
Units Issued		12			10			—			1			—			—			—		—
Units Redeemed		(72	)		(62	)		(4	)		(6	)		—			—			—		—

Net Increase (Decrease)		(60	)		(52	)		(4	)		(5	)		—			—			—		—

VIP - Contrafund Investor Class
Units Issued		—			—			—			—			460			747			—		—
Units Redeemed		—			—			—			—			(651	)		(738	)		—		—

Net Increase (Decrease)		—			—			—			—			(191	)		9			—		—

VIP - Balanced Initial Class
Units Issued		4			14			—			—			—			—			—		—
Units Redeemed		(40	)		(40	)		(6	)		(5	)		—			—			—		—

Net Increase (Decrease)		(36	)		(26	)		(6	)		(5	)		—			—			—		—

VIP - Balanced Investor Class
Units Issued		—			—			—			—			622			696			—		—
Units Redeemed		—			—			—			—			(936	)		(907	)		—		—

Net Increase (Decrease)		—			—			—			—			(314	)		(211	)		—		—

VIP - Dynamic Capital Appreciation Initial Class
Units Issued		1			15			—			1			—			—			—		—
Units Redeemed		(4	)		(3	)		—			(1	)		—			—			—		—

Net Increase (Decrease)		(3	)		12			—			—			—			—			—		—

VIP - Dynamic Capital Appreciation Investor Class
Units Issued		—			—			—			—			24			33			—		—
Units Redeemed		—			—			—			—			(43	)		(42	)		—		—

Net Increase (Decrease)		—			—			—			—			(19	)		(9	)		—		—

VIP - Growth & Income Initial Class
Units Issued		12			3			1			—			—			—			—		—
Units Redeemed		(16	)		(17	)		(2	)		(3	)		—			—			—		—

Net Increase (Decrease)		(4	)		(14	)		(1	)		(3	)		—			—			—		—


^(B) Fund Name Change (Note 1)		56		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

5. Changes in Units Outstanding - continued


	Retirement Reserves						Income Advantage						Personal Retirement						Freedom Lifetime Income

(in thousands)	2025			2024			2025			2024			2025			2024			2025		2024
VIP - Growth & Income Investor Class
Units Issued		—			—			—			—			112			73			—		—
Units Redeemed		—			—			—			—			(125	)		(109	)		—		—

Net Increase (Decrease)		—			—			—			—			(13	)		(36	)		—		—

VIP - Growth Opportunities Initial Class
Units Issued		17			8			—			3			—			—			—		—
Units Redeemed		(32	)		(26	)		(3	)		(3	)		—			—			—		—

Net Increase (Decrease)		(15	)		(18	)		(3	)		—			—			—			—		—

VIP - Growth Opportunities Investor Class
Units Issued		—			—			—			—			126			205			—		—
Units Redeemed		—			—			—			—			(149	)		(234	)		—		—

Net Increase (Decrease)		—			—			—			—			(23	)		(29	)		—		—

VIP - Mid Cap Initial Class
Units Issued		7			8			—			—			—			—			—		—
Units Redeemed		(41	)		(40	)		(5	)		(5	)		—			—			—		—

Net Increase (Decrease)		(34	)		(32	)		(5	)		(5	)		—			—			—		—

VIP - Mid Cap Investor Class
Units Issued		—			—			—			—			127			216			—		—
Units Redeemed		—			—			—			—			(340	)		(266	)		—		—

Net Increase (Decrease)		—			—			—			—			(213	)		(50	)		—		—

VIP - Value Strategies Initial Class
Units Issued		2			2			—			—			—			—			—		—
Units Redeemed		(7	)		(32	)		(1	)		(1	)		—			—			—		—

Net Increase (Decrease)		(5	)		(30	)		(1	)		(1	)		—			—			—		—

VIP - Value Strategies Investor Class
Units Issued		—			—			—			—			35			59			—		—
Units Redeemed		—			—			—			—			(101	)		(116	)		—		—

Net Increase (Decrease)		—			—			—			—			(66	)		(57	)		—		—

VIP - Utilities Initial Class
Units Issued		10			13			—			1			—			—			—		—
Units Redeemed		(19	)		(7	)		—			(1	)		—			—			—		—

Net Increase (Decrease)		(9	)		6			—			—			—			—			—		—

VIP - Utilities Investor Class
Units Issued		—			—			—			—			173			151			—		—
Units Redeemed		—			—			—			—			(171	)		(104	)		—		—

Net Increase (Decrease)		—			—			—			—			2			47			—		—

VIP - Technology Initial Class
Units Issued		21			34			—			1			—			—			—		—
Units Redeemed		(55	)		(67	)		(5	)		(3	)		—			—			—		—

Net Increase (Decrease)		(34	)		(33	)		(5	)		(2	)		—			—			—		—

VIP - Technology Investor Class
Units Issued		—			—			—			—			201			268			—		—
Units Redeemed		—			—			—			—			(246	)		(284	)		—		—

Net Increase (Decrease)		—			—			—			—			(45	)		(16	)		—		—

VIP - Energy Initial Class
Units Issued		16			15			—			—			—			—			—		—
Units Redeemed		(40	)		(42	)		(1	)		(2	)		—			—			—		—

Net Increase (Decrease)		(24	)		(27	)		(1	)		(2	)		—			—			—		—

VIP - Energy Investor Class
Units Issued		—			—			—			—			136			236			—		—
Units Redeemed		—			—			—			—			(262	)		(513	)		—		—

Net Increase (Decrease)		—			—			—			—			(126	)		(277	)		—		—


		57		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

5. Changes in Units Outstanding - continued


	Retirement Reserves						Income Advantage						Personal Retirement						Freedom Lifetime Income

(in thousands)	2025			2024			2025			2024			2025			2024			2025		2024
VIP - Health Care Initial Class
Units Issued		4			4			—			—			—			—			—		—
Units Redeemed		(25	)		(32	)		(2	)		(2	)		—			—			—		—

Net Increase (Decrease)		(21	)		(28	)		(2	)		(2	)		—			—			—		—

VIP - Health Care Investor Class
Units Issued		—			—			—			—			77			85			—		—
Units Redeemed		—			—			—			—			(216	)		(177	)		—		—

Net Increase (Decrease)		—			—			—			—			(139	)		(92	)		—		—

VIP - Financials Initial Class
Units Issued		19			20			—			3			—			—			—		—
Units Redeemed		(28	)		(19	)		—			(2	)		—			—			—		—

Net Increase (Decrease)		(9	)		1			—			1			—			—			—		—

VIP - Financials Investor Class
Units Issued		—			—			—			—			195			237			—		—
Units Redeemed		—			—			—			—			(220	)		(241	)		—		—

Net Increase (Decrease)		—			—			—			—			(25	)		(4	)		—		—

VIP - Industrials Initial Class
Units Issued		8			9			—			—			—			—			—		—
Units Redeemed		(9	)		(8	)		—			—			—			—			—		—

Net Increase (Decrease)		(1	)		1			—			—			—			—			—		—

VIP - Industrials Investor Class
Units Issued		—			—			—			—			135			151			—		—
Units Redeemed		—			—			—			—			(64	)		(124	)		—		—

Net Increase (Decrease)		—			—			—			—			71			27			—		—

VIP - Consumer Discretionary Initial Class
Units Issued		3			4			—			1			—			—			—		—
Units Redeemed		(8	)		(9	)		—			(2	)		—			—			—		—

Net Increase (Decrease)		(5	)		(5	)		—			(1	)		—			—			—		—

VIP - Consumer Discretionary Investor Class
Units Issued		—			—			—			—			48			37			—		—
Units Redeemed		—			—			—			—			(75	)		(112	)		—		—

Net Increase (Decrease)		—			—			—			—			(27	)		(75	)		—		—

VIP - Real Estate Initial Class
Units Issued		4			3			—			1			—			—			—		—
Units Redeemed		(12	)		(17	)		—			(1	)		—			—			—		—

Net Increase (Decrease)		(8	)		(14	)		—			—			—			—			—		—

VIP - Real Estate Investor Class
Units Issued		—			—			—			—			46			56			—		—
Units Redeemed		—			—			—			—			(194	)		(72	)		—		—

Net Increase (Decrease)		—			—			—			—			(148	)		(16	)		—		—

VIP - Strategic Income Initial Class
Units Issued		21			4			—			1			—			—			—		—
Units Redeemed		(19	)		(23	)		(4	)		(3	)		—			—			—		—

Net Increase (Decrease)		2			(19	)		(4	)		(2	)		—			—			—		—

VIP - Strategic Income Investor Class
Units Issued		—			—			—			—			477			424			—		—
Units Redeemed		—			—			—			—			(337	)		(408	)		—		—

Net Increase (Decrease)		—			—			—			—			140			16			—		—

VIP - International Capital Appreciation Initial Class
Units Issued		12			—			—			—			—			—			—		—
Units Redeemed		(9	)		(4	)		—			—			—			—			—		—

Net Increase (Decrease)		3			(4	)		—			—			—			—			—		—


		58		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

5. Changes in Units Outstanding - continued


	Retirement Reserves						Income Advantage						Personal Retirement						Freedom Lifetime Income

(in thousands)	2025			2024			2025			2024			2025			2024			2025		2024
VIP - International Capital Appreciation Investor Class
Units Issued		—			—			—			—			261			121			—		—
Units Redeemed		—			—			—			—			(219	)		(169	)		—		—

Net Increase (Decrease)		—			—			—			—			42			(48	)		—		—

VIP - Value Initial Class
Units Issued		3			6			—			—			—			—			—		—
Units Redeemed		(25	)		(12	)		(1	)		(1	)		—			—			—		—

Net Increase (Decrease)		(22	)		(6	)		(1	)		(1	)		—			—			—		—

VIP - Value Investor Class
Units Issued		—			—			—			—			43			102			—		—
Units Redeemed		—			—			—			—			(92	)		(194	)		—		—

Net Increase (Decrease)		—			—			—			—			(49	)		(92	)		—		—

VIP - Freedom Income Initial Class^(A)
Units Issued		3			32			—			—			—			—			—		—
Units Redeemed		(9	)		(5	)		—			—			—			—			—		—

Net Increase (Decrease)		(6	)		27			—			—			—			—			—		—

VIP - Freedom Income Investor Class^(A)
Units Issued		—			—			—			—			10			111			—		—
Units Redeemed		—			—			—			—			(59	)		(14	)		—		—

Net Increase (Decrease)		—			—			—			—			(49	)		97			—		—

VIP - Freedom 2005 Initial Class^(A)
Units Issued		—			—			—			—			—			—			—		—
Units Redeemed		—			(28	)		—			—			—			—			—		—

Net Increase (Decrease)		—			(28	)		—			—			—			—			—		—

VIP - Investor Freedom 2005 Investor Class^(A)
Units Issued		—			—			—			—			—			1			—		—
Units Redeemed		—			—			—			—			—			(96	)		—		—

Net Increase (Decrease)		—			—			—			—			—			(95	)		—		—

VIP - Freedom 2010 Initial Class
Units Issued		3			2			—			—			—			—			—		—
Units Redeemed		(3	)		(20	)		—			—			—			—			—		—

Net Increase (Decrease)		—			(18	)		—			—			—			—			—		—

VIP - Investor Freedom 2010 Investor Class
Units Issued		—			—			—			—			7			—			—		—
Units Redeemed		—			—			—			—			(10	)		(1	)		—		—

Net Increase (Decrease)		—			—			—			—			(3	)		(1	)		—		—

VIP - Freedom 2015 Initial Class
Units Issued		2			—			—			—			—			—			—		—
Units Redeemed		(8	)		(9	)		—			—			—			—			—		—

Net Increase (Decrease)		(6	)		(9	)		—			—			—			—			—		—

VIP - Investor Freedom 2015 Investor Class
Units Issued		—			—			—			—			4			15			—		—
Units Redeemed		—			—			—			—			(46	)		(58	)		—		—

Net Increase (Decrease)		—			—			—			—			(42	)		(43	)		—		—

VIP - Freedom 2020 Initial Class
Units Issued		1			—			—			—			—			—			—		—
Units Redeemed		(2	)		(13	)		—			—			—			—			—		—

Net Increase (Decrease)		(1	)		(13	)		—			—			—			—			—		—

VIP - Investor Freedom 2020 Investor Class
Units Issued		—			—			—			—			58			13			—		—
Units Redeemed		—			—			—			—			(140	)		(60	)		—		—

Net Increase (Decrease)		—			—			—			—			(82	)		(47	)		—		—


^(A) Fund Merged (Note 1)		59		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

5. Changes in Units Outstanding - continued


	Retirement Reserves						Income Advantage				Personal Retirement						Freedom Lifetime Income

(in thousands)	2025			2024			2025		2024		2025			2024			2025			2024
VIP - Freedom 2025 Initial Class
Units Issued		2			1			—		—		—			—			—			—
Units Redeemed		(35	)		(12	)		—		—		—			—			—			—

Net Increase (Decrease)		(33	)		(11	)		—		—		—			—			—			—

VIP - Investor Freedom 2025 Investor Class
Units Issued		—			—			—		—		24			21			—			—
Units Redeemed		—			—			—		—		(57	)		(129	)		—			—

Net Increase (Decrease)		—			—			—		—		(33	)		(108	)		—			—

VIP - Freedom 2030 Initial Class
Units Issued		2			1			—		—		—			—			—			—
Units Redeemed		(11	)		(8	)		—		—		—			—			—			—

Net Increase (Decrease)		(9	)		(7	)		—		—		—			—			—			—

VIP - Investor Freedom 2030 Investor Class
Units Issued		—			—			—		—		47			68			—			—
Units Redeemed		—			—			—		—		(73	)		(152	)		—			—

Net Increase (Decrease)		—			—			—		—		(26	)		(84	)		—			—

VIP - Freedom 2035 Initial Class
Units Issued		2			5			—		—		—			—			—			—
Units Redeemed		(2	)		(2	)		—		—		—			—			—			—

Net Increase (Decrease)		—			3			—		—		—			—			—			—

VIP - Investor Freedom 2035 Investor Class
Units Issued		—			—			—		—		49			80			—			—
Units Redeemed		—			—			—		—		(45	)		(51	)		—			—

Net Increase (Decrease)		—			—			—		—		4			29			—			—

VIP - Freedom 2040 Initial Class
Units Issued		42			1			—		—		—			—			—			—
Units Redeemed		(1	)		(1	)		—		—		—			—			—			—

Net Increase (Decrease)		41			—			—		—		—			—			—			—

VIP - Investor Freedom 2040 Investor Class
Units Issued		—			—			—		—		77			16			—			—
Units Redeemed		—			—			—		—		(26	)		—			—			—

Net Increase (Decrease)		—			—			—		—		51			16			—			—

VIP - Freedom 2045 Initial Class
Units Issued		4			3			—		—		—			—			—			—
Units Redeemed		(2	)		(2	)		—		—		—			—			—			—

Net Increase (Decrease)		2			1			—		—		—			—			—			—

VIP - Investor Freedom 2045 Investor Class
Units Issued		—			—			—		—		—			2			—			—
Units Redeemed		—			—			—		—		(1	)		—			—			—

Net Increase (Decrease)		—			—			—		—		(1	)		2			—			—

VIP - Freedom 2050 Initial Class
Units Issued		1			2			—		—		—			—			—			—
Units Redeemed		(1	)		(2	)		—		—		—			—			—			—

Net Increase (Decrease)		—			—			—		—		—			—			—			—

VIP - Investor Freedom 2050 Investor Class
Units Issued		—			—			—		—		8			18			—			—
Units Redeemed		—			—			—		—		(5	)		—			—			—

Net Increase (Decrease)		—			—			—		—		3			18			—			—

VIP - Freedom Lifetime Income I
Units Issued		—			—			—		—		—			—			1			—
Units Redeemed		—			—			—		—		—			—			(5	)		(11	)

Net Increase (Decrease)		—			—			—		—		—			—			(4	)		(11	)


		60		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

5. Changes in Units Outstanding - continued


	Retirement Reserves						Income Advantage						Personal Retirement						Freedom Lifetime Income

(in thousands)	2025			2024			2025			2024			2025			2024			2025			2024
VIP - Freedom Lifetime Income II
Units Issued		—			—			—			—			—			—			1			1
Units Redeemed		—			—			—			—			—			—			(4	)		(4	)

Net Increase (Decrease)		—			—			—			—			—			—			(3	)		(3	)

VIP - Freedom Lifetime Income III
Units Issued		—			—			—			—			—			—			—			1
Units Redeemed		—			—			—			—			—			—			(5	)		(5	)

Net Increase (Decrease)		—			—			—			—			—			—			(5	)		(4	)

VIP - Disciplined Small Cap Initial Class
Units Issued		11			27			—			1			—			—			—			—
Units Redeemed		(20	)		(32	)		—			(3	)		—			—			—			—

Net Increase (Decrease)		(9	)		(5	)		—			(2	)		—			—			—			—

VIP - Disciplined Small Cap Investor Class
Units Issued		—			—			—			—			104			227			—			—
Units Redeemed		—			—			—			—			(243	)		(245	)		—			—

Net Increase (Decrease)		—			—			—			—			(139	)		(18	)		—			—

VIP - FundsManager 20% Investor Class
Units Issued		—			1			1			1			50			335			—			—
Units Redeemed		(13	)		(14	)		(2	)		(3	)		(321	)		(477	)		(2	)		(2	)

Net Increase (Decrease)		(13	)		(13	)		(1	)		(2	)		(271	)		(142	)		(2	)		(2	)

VIP - FundsManager 30% Investor Class
Units Issued		9			—			—			—			22			40			—			—
Units Redeemed		—			—			—			—			—			—			—			—

Net Increase (Decrease)		9			—			—			—			22			40			—			—

VIP - FundsManager 40% Investor Class
Units Issued		16			—			—			—			137			1			—			—
Units Redeemed		(4	)		(43	)		—			—			(31	)		(1	)		—			—

Net Increase (Decrease)		12			(43	)		—			—			106			—			—			—

VIP - FundsManager 50% Investor Class
Units Issued		1			1			2			—			124			221			—			1
Units Redeemed		(54	)		(72	)		(11	)		(22	)		(725	)		(934	)		(22	)		(13	)

Net Increase (Decrease)		(53	)		(71	)		(9	)		(22	)		(601	)		(713	)		(22	)		(12	)

VIP - FundsManager 60% Investor Class
Units Issued		—			21			1			1			371			299			10			4
Units Redeemed		(8	)		(21	)		(4	)		(4	)		(573	)		(854	)		(32	)		(23	)

Net Increase (Decrease)		(8	)		—			(3	)		(3	)		(202	)		(555	)		(22	)		(19	)

VIP - FundsManager 70% Investor Class
Units Issued		—			2			—			—			492			755			8			—
Units Redeemed		(39	)		(19	)		(6	)		(17	)		(535	)		(655	)		(4	)		(3	)

Net Increase (Decrease)		(39	)		(17	)		(6	)		(17	)		(43	)		100			4			(3	)

VIP - FundsManager 85% Investor Class
Units Issued		—			2			—			—			300			261			—			—
Units Redeemed		(15	)		(7	)		(2	)		(2	)		(236	)		(135	)		—			—

Net Increase (Decrease)		(15	)		(5	)		(2	)		(2	)		64			126			—			—

VIP - Consumer Staples Initial Class
Units Issued		1			11			—			—			—			—			—			—
Units Redeemed		(9	)		(13	)		—			(1	)		—			—			—			—

Net Increase (Decrease)		(8	)		(2	)		—			(1	)		—			—			—			—

VIP - Consumer Staples Investor Class
Units Issued		—			—			—			—			30			47			—			—
Units Redeemed		—			—			—			—			(90	)		(143	)		—			—

Net Increase (Decrease)		—			—			—			—			(60	)		(96	)		—			—

VIP - Materials Initial Class
Units Issued		3			2			—			—			—			—			—			—
Units Redeemed		(14	)		(17	)		—			—			—			—			—			—

Net Increase (Decrease)		(11	)		(15	)		—			—			—			—			—			—


		61		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

5. Changes in Units Outstanding - continued


	Retirement Reserves						Income Advantage						Personal Retirement						Freedom Lifetime Income

(in thousands)	2025			2024			2025			2024			2025			2024			2025		2024
VIP - Materials Investor Class
Units Issued		—			—			—			—			26			36			—		—
Units Redeemed		—			—			—			—			(31	)		(91	)		—		—

Net Increase (Decrease)		—			—			—			—			(5	)		(55	)		—		—

VIP - Communication Services Initial Class
Units Issued		28			24			1			3			—			—			—		—
Units Redeemed		(18	)		(71	)		(3	)		(11	)		—			—			—		—

Net Increase (Decrease)		10			(47	)		(2	)		(8	)		—			—			—		—

VIP - Communication Services Investor Class
Units Issued		—			—			—			—			171			126			—		—
Units Redeemed		—			—			—			—			(100	)		(171	)		—		—

Net Increase (Decrease)		—			—			—			—			71			(45	)		—		—

VIP - Hedged Equity Investor Class^(C)
Units Issued		—						—						24						—
Units Redeemed		—						—						—						—

Net Increase (Decrease)		—						—						24						—

VIP - Emerging Markets Initial Class
Units Issued		62			9			—			3			—			—			—		—
Units Redeemed		(53	)		(17	)		—			(3	)		—			—			—		—

Net Increase (Decrease)		9			(8	)		—			—			—			—			—		—

VIP - Emerging Markets Investor Class
Units Issued		—			—			—			—			324			70			—		—
Units Redeemed		—			—			—			—			(193	)		(140	)		—		—

Net Increase (Decrease)		—			—			—			—			131			(70	)		—		—

VIP - Floating Rate High Income Initial Class
Units Issued		39			22			—			—			—			—			—		—
Units Redeemed		(59	)		(18	)		(1	)		(6	)		—			—			—		—

Net Increase (Decrease)		(20	)		4			(1	)		(6	)		—			—			—		—

VIP - Floating Rate High Income Investor Class
Units Issued		—			—			—			—			676			728			—		—
Units Redeemed		—			—			—			—			(940	)		(812	)		—		—

Net Increase (Decrease)		—			—			—			—			(264	)		(84	)		—		—

VIP - Bond Index Initial Class
Units Issued		81			46			1			—			930			1,289			—		—
Units Redeemed		(29	)		(7	)		(1	)		(2	)		(690	)		(823	)		—		—

Net Increase (Decrease)		52			39			—			(2	)		240			466			—		—

VIP - Total Market Index Initial Class
Units Issued		5			24			1			—			918			987			—		—
Units Redeemed		(35	)		(28	)		(1	)		(3	)		(784	)		(494	)		—		—

Net Increase (Decrease)		(30	)		(4	)		—			(3	)		134			493			—		—

VIP - Extended Market Index Initial Class
Units Issued		7			6			—			—			107			125			—		—
Units Redeemed		(11	)		(8	)		—			—			(99	)		(131	)		—		—

Net Increase (Decrease)		(4	)		(2	)		—			—			8			(6	)		—		—

VIP - International Index Initial Class
Units Issued		43			5			—			—			835			298			—		—
Units Redeemed		(39	)		(10	)		—			—			(476	)		(318	)		—		—

Net Increase (Decrease)		4			(5	)		—			—			359			(20	)		—		—

VIF - Emerging Markets Equity Portfolio - Class I
Units Issued		1			—			—			—			169			38			—		—
Units Redeemed		(5	)		(12	)		—			(1	)		(234	)		(49	)		—		—

Net Increase (Decrease)		(4	)		(12	)		—			(1	)		(65	)		(11	)		—		—

VIF - Emerging Markets Debt Portfolio - Class I
Units Issued		1			—			—			—			33			23			—		—
Units Redeemed		(5	)		(2	)		—			(1	)		(58	)		(47	)		—		—

Net Increase (Decrease)		(4	)		(2	)		—			(1	)		(25	)		(24	)		—		—


^(C) New Fund (Note 1)		62		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

5. Changes in Units Outstanding - continued


	Retirement Reserves						Income Advantage						Personal Retirement						Freedom Lifetime Income

(in thousands)	2025			2024			2025			2024			2025			2024			2025		2024
VIF - Global Strategist - Class II
Units Issued		—			—			—			—			6			6			—		—
Units Redeemed		(1	)		(1	)		(1	)		(1	)		(50	)		(5	)		—		—

Net Increase (Decrease)		(1	)		(1	)		(1	)		(1	)		(44	)		1			—		—

Lazard - Retirement Emerging Markets Portfolio - Investor
Units Issued		34			—			—			—			132			25			—		—
Units Redeemed		(26	)		(2	)		—			—			(132	)		(70	)		—		—

Net Increase (Decrease)		8			(2	)		—			—			—			(45	)		—		—

Invesco - V.I. Global Core Equity Series I
Units Issued		—			—			—			—			9			10			—		—
Units Redeemed		(3	)		(1	)		—			—			(18	)		(11	)		—		—

Net Increase (Decrease)		(3	)		(1	)		—			—			(9	)		(1	)		—		—

Allspring - VT Discovery SMID Cap Growth Class 2
Units Issued		—			—			—			—			—			—			—		—
Units Redeemed		(1	)		(3	)		—			—			—			—			—		—

Net Increase (Decrease)		(1	)		(3	)		—			—			—			—			—		—

Allspring - VT Opportunity Class 2
Units Issued		—			—			—			—			—			—			—		—
Units Redeemed		(1	)		—			—			—			—			—			—		—

Net Increase (Decrease)		(1	)		—			—			—			—			—			—		—

PVIT - Commodity Real Return Strategy Portfolio - Administrative
Units Issued		—			—			—			—			542			61			—		—
Units Redeemed		—			—			—			—			(214	)		(121	)		—		—

Net Increase (Decrease)		—			—			—			—			328			(60	)		—		—

PVIT - Low Duration Portfolio - Administrative
Units Issued		155			1			1			—			588			202			—		—
Units Redeemed		(69	)		(116	)		—			—			(366	)		(360	)		—		—

Net Increase (Decrease)		86			(115	)		1			—			222			(158	)		—		—

PVIT - Real Return Portfolio - Administrative
Units Issued		15			1			—			—			155			70			—		—
Units Redeemed		(12	)		(3	)		—			—			(163	)		(269	)		—		—

Net Increase (Decrease)		3			(2	)		—			—			(8	)		(199	)		—		—

PVIT - Total Return Portfolio - Administrative
Units Issued		7			1			—			—			197			176			—		—
Units Redeemed		(15	)		(8	)		—			—			(306	)		(285	)		—		—

Net Increase (Decrease)		(8	)		(7	)		—			—			(109	)		(109	)		—		—

Blackrock - Global Allocation V.I. Fund - Class I
Units Issued		4			2			—			—			99			55			—		—
Units Redeemed		(21	)		(2	)		—			—			(201	)		(188	)		—		—

Net Increase (Decrease)		(17	)		—			—			—			(102	)		(133	)		—		—

FTVIP - Templeton Global Bond Fund - Class 2
Units Issued		67			1			—			—			166			41			—		—
Units Redeemed		(58	)		(1	)		—			—			(183	)		(99	)		—		—

Net Increase (Decrease)		9			—			—			—			(17	)		(58	)		—		—

FTVIP - Franklin U.S. Government Securities Fund - Class 2
Units Issued		4			1			—			—			124			68			—		—
Units Redeemed		(5	)		(5	)		—			—			(221	)		(173	)		—		—

Net Increase (Decrease)		(1	)		(4	)		—			—			(97	)		(105	)		—		—


		63		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

5. Changes in Units Outstanding - continued



	Growth and
	Guaranteed Income
(in thousands)	2025			2024
VIP - Government Money Market Investor Class
Units Issued		421			249
Units Redeemed		(420	)		(146	)

Net Increase (Decrease)		1			103

VIP - Balanced Investor Class
Units Issued		—			—
Units Redeemed		(205	)		(213	)

Net Increase (Decrease)		(205	)		(213	)

VIP - FundsManager 60% Investor Class
Units Issued		1			—
Units Redeemed		(216	)		(575	)

Net Increase (Decrease)		(215	)		(575	)

6. Unit Values

A summary of unit values, units outstanding, income and expense ratios, investment income ratio, and total return for each of the five years in the period ended December 31:


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Government Money Market Initial Class
2025		1,108	$	23.62	$	22.39	$	26,168		0.80%		1.00%		4.05%		3.28%			3.08%
2024		971	$	22.87	$	21.72	$	22,205		0.80%		1.00%		4.99%		4.26%			4.07%
2023		1,043	$	21.93	$	20.87	$	22,846		0.80%		1.00%		4.78%		4.05%			3.84%
2022		1,150	$	21.08	$	20.10	$	24,234		0.80%		1.00%		1.45%		0.64%			0.43%
2021		957	$	20.95	$	20.01	$	20,037		0.80%		1.00%		0.01%		(0.79%	)		(1.00%	)
VIP - Government Money Market Investor Class
2025		20,503	$	12.06	$	9.72	$	258,306		0.10%		1.40%		4.03%		4.06%			2.64%
2024		19,024	$	11.59	$	9.47	$	230,611		0.10%		1.25%		4.97%		4.97%			3.76%
2023		20,211	$	11.04	$	9.62	$	234,315		0.10%		1.25%		4.77%		4.78%			3.61%
2022		19,649	$	10.54	$	9.03	$	216,580		0.10%		1.25%		1.54%		1.31%			0.16%
2021		14,027	$	10.40	$	9.01	$	153,039		0.10%		1.25%		0.01%		(0.09%	)		(1.24%	)
VIP - High Income Initial Class
2025		51	$	72.23	$	68.46	$	3,578		0.80%		1.00%		6.30%		9.47%			9.17%
2024		57	$	65.98	$	62.71	$	3,687		0.80%		1.00%		5.69%		8.10%			7.97%
2023		67	$	61.04	$	58.08	$	4,032		0.80%		1.00%		5.53%		9.66%			9.38%
2022		77	$	55.69	$	53.10	$	4,258		0.80%		1.00%		4.99%		(12.09%	)		(12.26%	)
2021		88	$	63.35	$	60.52	$	5,580		0.80%		1.00%		5.23%		3.58%			3.37%
VIP - High Income Investor Class
2025		1,142	$	21.90	$	28.44	$	27,576		0.10%		0.25%		6.57%		10.38%			10.17%
2024		1,250	$	19.84	$	25.81	$	27,478		0.10%		0.25%		6.18%		8.94%			8.78%
2023		1,243	$	18.22	$	28.39	$	25,263		0.10%		0.25%		5.41%		10.20%			10.04%
2022		1,483	$	16.53	$	25.80	$	27,139		0.10%		0.25%		4.81%		(11.56%	)		(11.69%	)
2021		1,757	$	18.69	$	29.22	$	36,671		0.10%		0.25%		5.34%		4.52%			4.36%
VIP - Equity-Income Initial Class
2025		178	$	244.92	$	232.12	$	43,522		0.80%		1.00%		1.78%		18.07%			17.77%
2024		199	$	207.44	$	197.10	$	41,175		0.80%		1.00%		1.75%		14.42%			14.21%
2023		220	$	181.30	$	172.52	$	39,790		0.80%		1.00%		1.88%		9.76%			9.55%
2022		246	$	165.17	$	157.48	$	40,502		0.80%		1.00%		1.84%		(5.72%	)		(5.91%	)
2021		280	$	175.18	$	167.37	$	48,795		0.80%		1.00%		1.89%		23.89%			23.65%
VIP - Equity-Income Investor Class
2025		1,419	$	54.06	$	47.75	$	73,709		0.10%		0.25%		1.77%		18.81%			18.63%
2024		1,428	$	45.50	$	40.25	$	62,153		0.10%		0.25%		1.80%		15.14%			14.97%
2023		1,478	$	39.52	$	57.80	$	55,926		0.10%		0.25%		1.82%		10.45%			10.30%
2022		1,619	$	35.78	$	52.41	$	55,573		0.10%		0.25%		1.90%		(5.11%	)		(5.26%	)
2021		1,632	$	37.71	$	55.32	$	59,322		0.10%		0.25%		1.90%		24.71%			24.52%


		64		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Growth Initial Class
2025		167	$	519.23	$	492.09	$	86,471		0.80%		1.00%		0.28%		13.98%			13.71%
2024		191	$	455.56	$	432.77	$	86,842		0.80%		1.00%		—		29.34%			29.13%
2023		207	$	352.20	$	335.14	$	72,832		0.80%		1.00%		0.13%		35.15%			34.88%
2022		221	$	260.60	$	248.48	$	57,602		0.80%		1.00%		0.62%		(25.06%	)		(25.21%	)
2021		250	$	347.74	$	332.23	$	86,851		0.80%		1.00%		—		22.23%			21.98%
VIP - Growth Investor Class
2025		975	$	111.10	$	102.25	$	105,370		0.10%		0.25%		0.22%		14.70%			14.53%
2024		1,126	$	96.86	$	89.28	$	106,459		0.10%		0.25%		—		30.17%			29.97%
2023		1,024	$	74.41	$	106.29	$	74,161		0.10%		0.25%		0.07%		35.99%			35.78%
2022		997	$	54.72	$	78.28	$	53,077		0.10%		0.25%		0.54%		(24.59%	)		(24.70%	)
2021		1,076	$	72.56	$	103.96	$	76,009		0.10%		0.25%		0.00%		23.00%			22.82%
VIP - Overseas Initial Class
2025		91	$	88.41	$	83.79	$	8,087		0.80%		1.00%		1.57%		19.41%			19.19%
2024		92	$	74.04	$	70.30	$	6,810		0.80%		1.00%		1.59%		4.21%			4.01%
2023		102	$	71.04	$	67.60	$	7,250		0.80%		1.00%		1.02%		19.55%			19.30%
2022		111	$	59.42	$	56.66	$	6,589		0.80%		1.00%		1.05%		(25.09%	)		(25.24%	)
2021		124	$	79.32	$	75.78	$	9,809		0.80%		1.00%		0.53%		18.74%			18.50%
VIP - Overseas Investor Class
2025		914	$	30.73	$	30.79	$	28,208		0.10%		0.25%		1.59%		20.18%			20.00%
2024		818	$	25.57	$	25.65	$	21,041		0.10%		0.25%		1.50%		4.87%			4.71%
2023		917	$	24.38	$	33.33	$	22,574		0.10%		0.25%		0.98%		20.29%			20.09%
2022		904	$	20.27	$	27.75	$	18,540		0.10%		0.25%		1.00%		(24.62%	)		(24.73%	)
2021		969	$	26.89	$	36.87	$	26,348		0.10%		0.25%		0.49%		19.51%			19.33%
VIP - Investment Grade Bond Initial Class
2025		185	$	48.59	$	46.05	$	8,842		0.80%		1.00%		3.50%		6.37%			6.11%
2024		209	$	45.68	$	43.40	$	9,429		0.80%		1.00%		3.43%		0.97%			0.81%
2023		229	$	45.25	$	43.05	$	10,316		0.80%		1.00%		2.49%		5.34%			5.14%
2022		270	$	42.95	$	40.95	$	11,509		0.80%		1.00%		2.17%		(13.65%	)		(13.82%	)
2021		320	$	49.74	$	47.52	$	15,822		0.80%		1.00%		2.00%		(1.40%	)		(1.60%	)
VIP - Investment Grade Bond Investor Class
2025		4,184	$	14.99	$	18.96	$	67,756		0.10%		0.25%		3.62%		7.07%			6.94%
2024		3,994	$	14.00	$	17.73	$	61,579		0.10%		0.25%		3.62%		1.64%			1.49%
2023		3,818	$	13.77	$	17.47	$	58,755		0.10%		0.25%		2.53%		6.02%			5.82%
2022		4,075	$	12.99	$	16.51	$	59,176		0.10%		0.25%		2.17%		(13.06%	)		(13.15%	)
2021		4,655	$	14.94	$	19.01	$	78,013		0.10%		0.25%		2.00%		(0.74%	)		(0.89%	)
VIP - Asset Manager 50% Initial Class (B)
2025		203	$	96.17	$	91.14	$	19,402		0.80%		1.00%		2.40%		14.07%			13.78%
2024		230	$	84.31	$	80.10	$	19,311		0.80%		1.00%		2.40%		7.62%			7.42%
2023		256	$	78.34	$	74.54	$	19,968		0.80%		1.00%		2.21%		12.04%			11.83%
2022		299	$	69.92	$	66.66	$	20,906		0.80%		1.00%		2.05%		(15.61%	)		(15.79%	)
2021		321	$	82.85	$	79.16	$	26,545		0.80%		1.00%		1.58%		9.04%			8.82%
VIP - Asset Manager 50% Investor Class (B)
2025		847	$	28.90	$	33.34	$	26,059		0.10%		0.25%		2.61%		14.77%			14.61%
2024		835	$	25.18	$	29.09	$	22,523		0.10%		0.25%		2.36%		8.25%			8.09%
2023		899	$	23.26	$	32.46	$	22,444		0.10%		0.25%		2.21%		12.80%			12.64%
2022		1,029	$	20.62	$	28.82	$	22,790		0.10%		0.25%		2.00%		(15.10%	)		(15.22%	)
2021		1,105	$	24.29	$	34.00	$	28,968		0.10%		0.25%		1.50%		9.74%			9.58%
VIP - Index 500 Initial Class
2025		6,874	$	81.00	$	213.03	$	599,746		0.10%		1.00%		1.16%		17.66%			16.49%
2024		7,379	$	68.84	$	182.87	$	550,293		0.10%		1.00%		1.30%		24.77%			23.68%
2023		7,272	$	55.17	$	147.76	$	438,282		0.10%		1.00%		1.51%		26.08%			24.94%
2022		7,089	$	43.76	$	118.27	$	342,362		0.10%		1.00%		1.49%		(18.30%	)		(19.03%	)
2021		6,845	$	53.56	$	146.07	$	410,684		0.10%		1.00%		1.26%		28.45%			27.29%
VIP - Asset Manager 70% Initial Class (B)
2025		85	$	74.92	$	71.00	$	6,398		0.80%		1.00%		1.79%		17.30%			17.05%
2024		92	$	63.87	$	60.66	$	5,906		0.80%		1.00%		1.74%		9.92%			9.71%
2023		99	$	58.11	$	55.29	$	5,720		0.80%		1.00%		1.70%		15.43%			15.20%
2022		126	$	50.34	$	48.00	$	6,310		0.80%		1.00%		1.76%		(17.54%	)		(17.71%)
2021		145	$	61.05	$	58.32	$	8,783		0.80%		1.00%		1.41%		13.05%			12.82%


		65		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Asset Manager 70% Investor Class (B)
2025		464	$	36.79	$	39.67	$	18,322		0.10%		0.25%		2.27%		18.07%			17.86%
2024		368	$	31.16	$	33.66	$	12,365		0.10%		0.25%		1.76%		10.62%			10.45%
2023		359	$	28.17	$	40.56	$	10,961		0.10%		0.25%		1.77%		16.13%			15.96%
2022		395	$	24.26	$	34.97	$	10,339		0.10%		0.25%		1.77%		(17.01%	)		(17.15%	)
2021		402	$	29.23	$	42.21	$	12,641		0.10%		0.25%		1.41%		13.77%			13.60%
VIP - Contrafund Initial Class
2025		615	$	296.85	$	281.33	$	181,774		0.80%		1.00%		0.14%		20.51%			20.16%
2024		679	$	246.33	$	234.12	$	166,778		0.80%		1.00%		0.19%		32.71%			32.47%
2023		736	$	185.60	$	176.62	$	136,360		0.80%		1.00%		0.49%		32.39%			32.12%
2022		809	$	140.20	$	133.68	$	113,088		0.80%		1.00%		0.50%		(26.90%	)		(27.05%	)
2021		876	$	191.79	$	183.24	$	167,541		0.80%		1.00%		0.06%		26.81%			26.56%
VIP - Contrafund Investor Class
2025		3,931	$	83.48	$	87.08	$	336,142		0.10%		0.25%		0.10%		21.27%			20.98%
2024		4,122	$	68.84	$	71.98	$	291,328		0.10%		0.25%		0.14%		33.57%			33.36%
2023		4,112	$	51.54	$	77.69	$	218,696		0.10%		0.25%		0.44%		33.22%			33.01%
2022		4,247	$	38.69	$	58.40	$	169,789		0.10%		0.25%		0.43%		(26.45%	)		(26.57%	)
2021		4,469	$	52.60	$	79.53	$	242,968		0.10%		0.25%		0.05%		27.62%			27.42%
VIP - Balanced Initial Class
2025		177	$	73.91	$	70.05	$	13,042		0.80%		1.00%		1.67%		14.27%			14.07%
2024		219	$	64.48	$	61.41	$	14,088		0.80%		1.00%		1.79%		14.99%			14.76%
2023		250	$	56.24	$	53.52	$	14,021		0.80%		1.00%		1.70%		20.56%			20.32%
2022		291	$	46.65	$	44.48	$	13,540		0.80%		1.00%		1.26%		(18.60%	)		(18.76%	)
2021		319	$	57.31	$	54.75	$	18,230		0.80%		1.00%		0.92%		17.32%			17.08%
VIP - Balanced Investor Class
2025		7,109	$	47.58	$	61.40	$	348,686		0.10%		1.40%		1.69%		15.07%			13.56%
2024		7,628	$	41.35	$	54.07	$	326,132		0.10%		1.40%		1.80%		15.72%			14.20%
2023		8,052	$	35.74	$	47.35	$	299,494		0.10%		1.40%		1.65%		21.11%			19.72%
2022		8,703	$	29.46	$	39.55	$	266,472		0.10%		1.40%		1.19%		(18.12%	)		(19.17%	)
2021		9,046	$	35.98	$	48.93	$	336,919		0.10%		1.40%		0.89%		18.06%			16.52%
VIP - Dynamic Capital Appreciation Initial Class
2025		41	$	97.65	$	93.37	$	3,985		0.80%		1.00%		0.59%		17.84%			17.61%
2024		44	$	82.87	$	79.39	$	3,654		0.80%		1.00%		0.22%		24.52%			24.26%
2023		31	$	66.55	$	63.89	$	2,099		0.80%		1.00%		0.37%		28.04%			27.78%
2022		30	$	51.98	$	50.00	$	1,578		0.80%		1.00%		0.30%		(21.50%	)		(21.66%	)
2021		32	$	66.22	$	63.82	$	2,158		0.80%		1.00%		0.40%		23.63%			23.38%
VIP - Dynamic Capital Appreciation Investor Class
2025		227	$	84.79	$	87.79	$	19,904		0.10%		0.25%		0.50%		18.55%			18.36%
2024		246	$	71.52	$	74.16	$	18,192		0.10%		0.25%		0.16%		25.30%			25.11%
2023		256	$	57.08	$	89.56	$	15,135		0.10%		0.25%		0.29%		28.80%			28.59%
2022		236	$	44.32	$	69.64	$	10,846		0.10%		0.25%		0.23%		(20.97%	)		(21.08%	)
2021		290	$	56.08	$	88.25	$	16,776		0.10%		0.25%		0.34%		24.33%			24.15%
VIP - Growth & Income Initial Class
2025		215	$	101.62	$	96.31	$	21,865		0.80%		1.00%		1.59%		20.53%			20.19%
2024		220	$	84.31	$	80.13	$	18,527		0.80%		1.00%		1.45%		21.23%			21.01%
2023		239	$	69.54	$	66.18	$	16,534		0.80%		1.00%		1.61%		17.77%			17.54%
2022		273	$	59.05	$	56.30	$	16,062		0.80%		1.00%		1.59%		(5.71%	)		(5.90%	)
2021		301	$	62.62	$	59.83	$	18,746		0.80%		1.00%		2.38%		24.94%			24.69%
VIP - Growth & Income Investor Class
2025		638	$	73.28	$	67.35	$	45,815		0.10%		0.25%		1.54%		21.26%			21.08%
2024		651	$	60.43	$	55.62	$	38,463		0.10%		0.25%		1.45%		22.05%			21.87%
2023		688	$	49.51	$	67.10	$	33,214		0.10%		0.25%		1.48%		18.50%			18.34%
2022		834	$	41.78	$	56.71	$	34,095		0.10%		0.25%		1.69%		(5.10%	)		(5.24%	)
2021		762	$	44.03	$	59.85	$	32,883		0.10%		0.25%		2.41%		25.67%			25.48%
VIP - Growth Opportunities Initial Class
2025		182	$	143.09	$	135.61	$	25,579		0.80%		1.00%		—		20.96%			20.69%
2024		200	$	118.30	$	112.36	$	23,156		0.80%		1.00%		—		37.77%			37.53%
2023		218	$	85.86	$	81.70	$	18,647		0.80%		1.00%		—		44.49%			44.19%
2022		233	$	59.42	$	56.66	$	13,789		0.80%		1.00%		—		(38.64%	)		(38.77%	)
2021		304	$	96.85	$	92.53	$	29,335		0.80%		1.00%		—		11.05%			10.82%


		66		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Growth Opportunities Investor Class
2025		902	$	146.19	$	128.93	$	126,959		0.10%		0.25%		—		21.73%			21.55%
2024		925	$	120.09	$	106.07	$	106,988		0.10%		0.25%		—		38.65%			38.44%
2023		955	$	86.62	$	141.88	$	79,328		0.10%		0.25%		—		45.43%			45.20%
2022		933	$	59.56	$	97.71	$	53,464		0.10%		0.25%		—		(38.27%	)		(38.36%	)
2021		1,120	$	96.48	$	158.51	$	104,067		0.10%		0.25%		—		11.75%			11.59%
VIP - Mid Cap Initial Class
2025		260	$	93.62	$	88.89	$	24,098		0.80%		1.00%		0.43%		10.79%			10.56%
2024		299	$	84.50	$	80.40	$	25,046		0.80%		1.00%		0.53%		16.56%			16.32%
2023		334	$	72.46	$	69.08	$	24,120		0.80%		1.00%		0.58%		14.16%			13.92%
2022		386	$	63.47	$	60.64	$	24,373		0.80%		1.00%		0.50%		(15.43%	)		(15.59%	)
2021		408	$	75.05	$	71.84	$	30,493		0.80%		1.00%		0.62%		24.60%			24.35%
VIP - Mid Cap Investor Class
2025		1,212	$	45.33	$	57.00	$	59,771		0.10%		0.25%		0.35%		11.57%			11.40%
2024		1,425	$	40.63	$	51.16	$	63,173		0.10%		0.25%		0.50%		17.29%			17.11%
2023		1,475	$	34.64	$	60.99	$	56,434		0.10%		0.25%		0.52%		14.90%			14.73%
2022		1,624	$	30.15	$	53.16	$	54,232		0.10%		0.25%		0.46%		(14.92%	)		(15.04%	)
2021		1,615	$	35.44	$	62.57	$	63,540		0.10%		0.25%		0.55%		25.41%			25.23%
VIP - Value Strategies Initial Class
2025		68	$	58.73	$	56.15	$	3,974		0.80%		1.00%		1.12%		7.11%			6.89%
2024		74	$	54.83	$	52.53	$	4,058		0.80%		1.00%		0.94%		8.52%			8.31%
2023		105	$	50.52	$	48.50	$	5,278		0.80%		1.00%		1.15%		19.89%			19.63%
2022		114	$	42.14	$	40.54	$	4,791		0.80%		1.00%		1.02%		(7.77%	)		(7.95%	)
2021		135	$	45.69	$	44.04	$	6,148		0.80%		1.00%		1.53%		32.53%			32.26%
VIP - Value Strategies Investor Class
2025		315	$	51.77	$	50.46	$	16,297		0.10%		0.25%		0.96%		7.79%			7.61%
2024		381	$	48.03	$	46.89	$	18,347		0.10%		0.25%		0.94%		9.26%			9.09%
2023		439	$	43.96	$	89.88	$	19,397		0.10%		0.25%		1.06%		20.61%			20.45%
2022		501	$	36.45	$	74.63	$	18,509		0.10%		0.25%		0.98%		(7.19%	)		(7.33%	)
2021		574	$	39.27	$	80.54	$	22,829		0.10%		0.25%		1.44%		33.35%			33.15%
VIP - Utilities Initial Class
2025		39	$	59.03	$	56.19	$	2,262		0.80%		1.00%		1.72%		13.19%			12.97%
2024		48	$	52.15	$	49.74	$	2,512		0.80%		1.00%		2.18%		27.96%			27.70%
2023		43	$	40.75	$	38.95	$	1,738		0.80%		1.00%		1.62%		(1.83%)			(2.01%)
2022		176	$	41.51	$	39.75	$	7,297		0.80%		1.00%		2.18%		4.59%			4.37%
2021		50	$	39.69	$	38.09	$	1,949		0.80%		1.00%		1.86%		16.56%			16.32%
VIP - Utilities Investor Class
2025		427	$	53.07	$	63.97	$	24,178		0.10%		0.25%		1.73%		13.91%			13.73%
2024		425	$	46.59	$	56.24	$	21,322		0.10%		0.25%		2.17%		28.76%			28.57%
2023		378	$	36.18	$	44.57	$	14,710		0.10%		0.25%		2.13%		(1.23%)			(1.37%)
2022		445	$	36.63	$	45.18	$	17,683		0.10%		0.25%		1.50%		5.29%			5.12%
2021		371	$	34.79	$	42.98	$	14,028		0.10%		0.25%		1.75%		17.25%			17.08%
VIP - Technology Initial Class
2025		291	$	179.03	$	170.42	$	52,269		0.80%		1.00%		—		21.79%			21.54%
2024		330	$	147.00	$	140.22	$	48,392		0.80%		1.00%		—		34.50%			34.23%
2023		364	$	109.29	$	104.46	$	39,692		0.80%		1.00%		0.13%		57.05%			56.73%
2022		270	$	69.59	$	66.65	$	18,819		0.80%		1.00%		—		(36.37%	)		(36.50%	)
2021		370	$	109.36	$	104.95	$	40,419		0.80%		1.00%		—		27.14%			26.88%
VIP - Technology Investor Class
2025		1,240	$	163.69	$	209.73	$	218,084		0.10%		0.25%		—		22.58%			22.39%
2024		1,285	$	133.54	$	171.36	$	186,629		0.10%		0.25%		—		35.35%			35.15%
2023		1,301	$	98.66	$	226.18	$	141,450		0.10%		0.25%		0.07%		57.99%			57.75%
2022		1,166	$	62.45	$	143.38	$	80,511		0.10%		0.25%		—		(35.94%	)		(36.03%	)
2021		1,273	$	97.48	$	224.15	$	136,899		0.10%		0.25%		—		27.94%			27.74%
VIP - Energy Initial Class
2025		56	$	41.42	$	39.43	$	2,309		0.80%		1.00%		2.12%		9.69%			9.47%
2024		81	$	37.76	$	36.02	$	3,043		0.80%		1.00%		2.02%		3.46%			3.27%
2023		109	$	36.50	$	34.88	$	3,981		0.80%		1.00%		2.45%		0.19%			-0.02%
2022		204	$	36.43	$	34.89	$	7,369		0.80%		1.00%		2.50%		61.87%			61.56%
2021		106	$	22.51	$	21.60	$	2,384		0.80%		1.00%		2.77%		54.11%			53.80%


		67		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Energy Investor Class
2025		474	$	23.72	$	26.12	$	11,729		0.10%		0.25%		1.96%		10.38%			10.24%
2024		600	$	21.49	$	23.69	$	13,524		0.10%		0.25%		1.90%		4.10%			3.94%
2023		877	$	20.65	$	30.35	$	19,042		0.10%		0.25%		2.63%		0.81%			0.65%
2022		1,342	$	20.48	$	30.15	$	29,036		0.10%		0.25%		2.47%		62.96%			62.72%
2021		1,056	$	12.57	$	18.53	$	14,012		0.10%		0.25%		2.69%		55.00%			54.77%
VIP - Health Care Initial Class
2025		113	$	85.03	$	80.94	$	9,642		0.80%		1.00%		0.39%		13.48%			13.25%
2024		136	$	74.93	$	71.47	$	10,194		0.80%		1.00%		—		4.29%			4.08%
2023		166	$	71.85	$	68.67	$	11,880		0.80%		1.00%		—		3.42%			3.22%
2022		184	$	69.47	$	66.53	$	12,733		0.80%		1.00%		—		(13.10%	)		(13.28%	)
2021		208	$	79.94	$	76.72	$	16,599		0.80%		1.00%		0.09%		10.84%			10.62%
VIP - Health Care Investor Class
2025		605	$	77.78	$	80.04	$	48,012		0.10%		0.25%		0.30%		14.15%			13.98%
2024		744	$	68.14	$	70.22	$	51,788		0.10%		0.25%		—		4.95%			4.79%
2023		836	$	64.93	$	93.97	$	55,587		0.10%		0.25%		—		4.11%			3.95%
2022		998	$	62.36	$	90.40	$	63,661		0.10%		0.25%		—		(12.58%	)		(12.71%	)
2021		1,058	$	71.33	$	103.56	$	77,197		0.10%		0.25%		0.07%		11.54%			11.38%
VIP - Financials Initial Class (6)
2025		34	$	39.45	$	37.56	$	1,326		0.80%		1.00%		1.65%		14.25%			14.03%
2024		43	$	34.53	$	32.94	$	1,480		0.80%		1.00%		2.00%		31.66%			31.40%
2023		42	$	26.23	$	25.07	$	1,082		0.80%		1.00%		2.60%		13.83%			13.58%
2022		45	$	23.04	$	22.07	$	1,036		0.80%		1.00%		1.29%		(9.07%	)		(9.24%	)
2021		72	$	25.34	$	24.32	$	1,826		0.80%		1.00%		2.01%		32.13%			31.86%
VIP - Financials Investor Class (6)
2025		533	$	57.38	$	35.31	$	26,717		0.10%		0.25%		1.65%		14.97%			14.79%
2024		558	$	49.91	$	30.76	$	23,687		0.10%		0.25%		1.74%		32.61%			32.41%
2023		563	$	37.64	$	58.32	$	17,854		0.10%		0.25%		2.58%		14.44%			14.27%
2022		632	$	32.89	$	51.03	$	16,983		0.10%		0.25%		1.87%		(8.46%	)		(8.60%	)
2021		815	$	35.93	$	55.83	$	24,906		0.10%		0.25%		1.87%		33.00%			32.80%
VIP - Industrials Initial Class
2025		27	$	110.83	$	105.50	$	3,183		0.80%		1.00%		0.10%		23.53%			23.28%
2024		28	$	89.72	$	85.58	$	2,586		0.80%		1.00%		0.68%		22.64%			22.40%
2023		29	$	73.16	$	69.92	$	2,094		0.80%		1.00%		0.31%		22.28%			22.03%
2022		30	$	59.83	$	57.30	$	1,808		0.80%		1.00%		0.17%		(11.02%	)		(11.20%	)
2021		31	$	67.24	$	64.53	$	2,099		0.80%		1.00%		—		16.15%			15.92%
VIP - Industrials Investor Class
2025		459	$	66.98	$	83.68	$	32,683		0.10%		0.25%		0.05%		24.29%			24.11%
2024		388	$	53.89	$	67.42	$	22,507		0.10%		0.25%		0.69%		23.41%			23.23%
2023		361	$	43.67	$	75.90	$	17,085		0.10%		0.25%		0.24%		23.07%			22.90%
2022		398	$	35.48	$	61.76	$	15,219		0.10%		0.25%		0.12%		(10.50%	)		(10.64%	)
2021		406	$	39.64	$	69.11	$	17,242		0.10%		0.25%		—		16.91%			16.74%
VIP - Consumer Discretionary Initial Class
2025		26	$	74.08	$	70.52	$	1,886		0.80%		1.00%		0.07%		5.95%			5.74%
2024		31	$	69.92	$	66.69	$	2,168		0.80%		1.00%		0.05%		23.71%			23.45%
2023		37	$	56.52	$	54.02	$	2,124		0.80%		1.00%		0.08%		40.88%			40.57%
2022		33	$	40.12	$	38.43	$	1,325		0.80%		1.00%		—		(35.16%	)		(35.28%	)
2021		51	$	61.88	$	59.38	$	3,171		0.80%		1.00%		—		18.45%			18.21%
VIP - Consumer Discretionary Investor Class
2025		313	$	74.18	$	73.46	$	23,306		0.10%		0.25%		0.07%		6.60%			6.44%
2024		340	$	69.59	$	69.01	$	23,779		0.10%		0.25%		0.04%		24.50%			24.31%
2023		415	$	55.89	$	100.37	$	23,250		0.10%		0.25%		0.01%		41.79%			41.55%
2022		404	$	39.42	$	70.90	$	16,022		0.10%		0.25%		—		(34.77%	)		(34.86%	)
2021		465	$	60.43	$	108.85	$	28,276		0.10%		0.25%		—		19.20%			19.02%
VIP - Real Estate Initial Class
2025		40	$	44.52	$	42.57	$	1,749		0.80%		1.00%		1.91%		2.27%			2.09%
2024		48	$	43.53	$	41.70	$	2,072		0.80%		1.00%		4.03%		5.67%			5.44%
2023		63	$	41.20	$	39.55	$	2,577		0.80%		1.00%		2.39%		10.30%			10.10%
2022		69	$	37.35	$	35.92	$	2,564		0.80%		1.00%		1.32%		(28.09%	)		(28.25%	)
2021		68	$	51.94	$	50.06	$	3,557		0.80%		1.00%		1.17%		37.88%			37.60%


		68		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Real Estate Investor Class
2025		404	$	27.23	$	30.57	$	11,608		0.10%		0.25%		1.89%		2.95%			2.79%
2024		552	$	26.45	$	29.74	$	15,248		0.10%		0.25%		4.13%		6.29%			6.13%
2023		569	$	24.89	$	59.76	$	14,932		0.10%		0.25%		2.28%		11.00%			10.85%
2022		646	$	22.42	$	53.92	$	15,277		0.10%		0.25%		1.20%		(27.65%	)		(27.76%	)
2021		741	$	30.99	$	74.64	$	24,214		0.10%		0.25%		1.23%		38.78%			38.57%
VIP - Strategic Income Initial Class
2025		149	$	25.77	$	24.66	$	3,800		0.80%		1.00%		3.87%		8.01%			7.73%
2024		151	$	23.86	$	22.89	$	3,566		0.80%		1.00%		3.55%		5.22%			5.00%
2023		172	$	22.68	$	21.80	$	3,875		0.80%		1.00%		4.35%		8.56%			8.33%
2022		189	$	20.89	$	20.12	$	3,919		0.80%		1.00%		3.41%		(11.98%	)		(12.15%	)
2021		223	$	23.73	$	22.90	$	5,266		0.80%		1.00%		2.59%		2.91%			2.70%
VIP - Strategic Income Investor Class
2025		2,776	$	18.72	$	25.90	$	58,206		0.10%		0.25%		3.84%		8.71%			8.55%
2024		2,636	$	17.22	$	23.86	$	51,700		0.10%		0.25%		3.68%		5.86%			5.70%
2023		2,619	$	16.26	$	23.34	$	49,480		0.10%		0.25%		4.18%		9.29%			9.14%
2022		3,103	$	14.88	$	21.38	$	53,511		0.10%		0.25%		3.54%		(11.40%	)		(11.56%	)
2021		3,456	$	16.80	$	24.18	$	67,303		0.10%		0.25%		2.61%		3.62%			3.46%
VIP - International Capital Appreciation Initial Class
2025		61	$	37.71	$	36.18	$	2,255		0.80%		1.00%		0.98%		17.73%			17.51%
2024		58	$	32.03	$	30.79	$	1,846		0.80%		1.00%		0.74%		7.32%			7.10%
2023		63	$	29.84	$	28.75	$	1,885		0.80%		1.00%		0.38%		26.51%			26.21%
2022		76	$	23.59	$	22.78	$	1,787		0.80%		1.00%		0.26%		(27.00%	)		(27.12%	)
2021		85	$	32.31	$	31.26	$	2,742		0.80%		1.00%		—		11.44%			11.22%
VIP - International Capital Appreciation Investor Class
2025		1,037	$	41.96	$	39.17	$	43,119		0.10%		0.25%		0.96%		18.43%			18.26%
2024		995	$	35.43	$	33.11	$	35,084		0.10%		0.25%		0.67%		8.02%			7.85%
2023		1,042	$	32.80	$	61.86	$	33,916		0.10%		0.25%		0.30%		27.27%			27.10%
2022		1,077	$	25.77	$	48.67	$	27,633		0.10%		0.25%		0.18%		(26.51%	)		(26.63%	)
2021		1,165	$	35.07	$	66.34	$	40,668		0.10%		0.25%		—		12.13%			11.96%
VIP - Value Initial Class
2025		27	$	47.88	$	45.94	$	1,301		0.80%		1.00%		1.06%		10.35%			10.12%
2024		50	$	43.39	$	41.72	$	2,146		0.80%		1.00%		1.24%		10.48%			10.25%
2023		56	$	39.28	$	37.84	$	2,168		0.80%		1.00%		1.09%		18.84%			18.58%
2022		83	$	33.05	$	31.91	$	2,724		0.80%		1.00%		1.29%		(4.89%	)		-5.06%
2021		71	$	34.75	$	33.61	$	2,429		0.80%		1.00%		1.63%		29.11%			28.85%
VIP - Value Investor Class
2025		475	$	56.96	$	50.73	$	26,220		0.10%		0.25%		1.29%		11.05%			10.88%
2024		524	$	51.29	$	45.75	$	25,997		0.10%		0.25%		1.13%		11.14%			10.97%
2023		616	$	46.15	$	79.79	$	27,480		0.10%		0.25%		1.14%		19.56%			19.39%
2022		741	$	38.60	$	66.83	$	27,883		0.10%		0.25%		1.28%		(4.22%	)		(4.37%	)
2021		617	$	40.30	$	69.89	$	24,153		0.10%		0.25%		1.68%		29.85%			29.66%
VIP - Freedom Income Initial Class (A)
2025		65	$	19.98	$	19.98	$	1,294		0.80%		0.80%		3.24%		8.76%			8.76%
2024		71	$	18.37	$	18.37	$	1,306		0.80%		0.80%		4.08%		3.61%			3.61%
2023		44	$	17.73	$	17.73	$	779		0.80%		0.80%		3.97%		7.07%			7.07%
2022		52	$	16.56	$	16.56	$	862		0.80%		0.80%		2.29%		(12.76%	)		(12.76%	)
2021		55	$	18.98	$	18.98	$	1,052		0.80%		0.80%		1.07%		2.52%			2.52%
VIP - Freedom Income Investor Class (A)
2025		201	$	18.54	$	21.90	$	4,215		0.10%		0.25%		3.18%		9.51%			9.34%
2024		250	$	16.93	$	20.03	$	4,829		0.10%		0.25%		4.17%		4.21%			4.05%
2023		154	$	16.25	$	19.75	$	2,825		0.10%		0.25%		4.31%		7.74%			7.62%
2022		183	$	15.08	$	18.35	$	3,107		0.10%		0.25%		2.06%		(12.09%	)		(12.26%	)
2021		272	$	17.15	$	20.91	$	5,317		0.10%		0.25%		1.14%		3.18%			3.03%
VIP - Freedom 2005 Initial Class (A)
2025		—	$	—	$	—	$	—		0.80%		0.80%		—		—			—
2024		—	$	—	$	—	$	—		0.80%		0.80%		2.70%		(100.00%)			(100.00%)
2023		28	$	19.93	$	19.93	$	565		0.80%		0.80%		4.28%		7.17%			7.17%
2022		41	$	18.60	$	18.60	$	763		0.80%		0.80%		2.29%		(13.09%	)		(13.09%	)
2021		46	$	21.40	$	21.40	$	988		0.80%		0.80%		1.09%		3.26%			3.26%


		69		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Investor Freedom 2005 Investor Class (A)
2025		—	$	—	$	—	$	—		0.10%		0.25%		—		—			—
2024		—	$	—	$	—	$	—		0.10%		0.25%		2.72%		(100.00%	)		(100.00%	)
2023		96	$	18.72	$	25.23	$	2,007		0.10%		0.25%		4.39%		7.81%			7.63%
2022		109	$	17.36	$	23.44	$	2,127		0.10%		0.25%		2.09%		(12.49%	)		(12.61%	)
2021		125	$	19.84	$	26.82	$	2,779		0.10%		0.25%		0.81%		3.99%			3.83%
VIP - Freedom 2010 Initial Class
2025		15	$	25.88	$	25.88	$	382		0.80%		0.80%		3.34%		9.66%			9.66%
2024		15	$	23.60	$	23.60	$	352		0.80%		0.80%		2.49%		4.53%			4.53%
2023		33	$	22.58	$	22.58	$	749		0.80%		0.80%		3.66%		8.62%			8.62%
2022		42	$	20.79	$	20.79	$	866		0.80%		0.80%		2.16%		(14.23%	)		(14.23%	)
2021		43	$	24.24	$	24.24	$	1,044		0.80%		0.80%		0.96%		5.04%			5.04%
VIP - Investor Freedom 2010 Investor Class
2025		160	$	24.58	$	27.89	$	4,715		0.10%		0.25%		3.26%		10.37%			10.22%
2024		163	$	22.27	$	25.30	$	4,381		0.10%		0.25%		3.60%		5.16%			5.00%
2023		164	$	21.18	$	29.08	$	4,192		0.10%		0.25%		3.90%		9.27%			9.13%
2022		219	$	19.38	$	26.65	$	5,002		0.10%		0.25%		2.13%		(13.57%	)		(13.72%	)
2021		237	$	22.42	$	30.89	$	6,273		0.10%		0.25%		1.06%		5.70%			5.54%
VIP - Freedom 2015 Initial Class
2025		27	$	28.76	$	28.76	$	772		0.80%		0.80%		2.84%		11.00%			11.00%
2024		33	$	25.91	$	25.91	$	851		0.80%		0.80%		3.14%		5.66%			5.66%
2023		40	$	24.52	$	24.52	$	988		0.80%		0.80%		3.65%		10.07%			10.07%
2022		46	$	22.28	$	22.28	$	1,024		0.80%		0.80%		2.17%		(15.28%	)		(15.28%	)
2021		48	$	26.30	$	26.30	$	1,267		0.80%		0.80%		1.08%		6.83%			6.83%
VIP - Investor Freedom 2015 Investor Class
2025		294	$	27.08	$	30.84	$	8,728		0.10%		0.25%		2.97%		11.76%			11.59%
2024		336	$	24.23	$	27.63	$	8,931		0.10%		0.25%		3.19%		6.32%			6.16%
2023		380	$	22.79	$	31.69	$	9,457		0.10%		0.25%		3.62%		10.86%			10.68%
2022		415	$	20.56	$	28.63	$	9,371		0.10%		0.25%		2.09%		(14.76%	)		(14.87%	)
2021		358	$	24.12	$	33.63	$	9,637		0.10%		0.25%		1.01%		7.53%			7.37%
VIP - Freedom 2020 Initial Class
2025		37	$	31.15	$	31.15	$	1,165		0.80%		0.80%		2.76%		12.41%			12.41%
2024		38	$	27.71	$	27.71	$	1,057		0.80%		0.80%		2.56%		6.85%			6.85%
2023		51	$	25.94	$	25.94	$	1,326		0.80%		0.80%		3.10%		11.51%			11.51%
2022		83	$	23.26	$	23.26	$	1,929		0.80%		0.80%		2.18%		(16.36%	)		(16.36%	)
2021		100	$	27.81	$	27.81	$	2,791		0.80%		0.80%		1.14%		8.60%			8.60%
VIP - Investor Freedom 2020 Investor Class
2025		423	$	30.19	$	33.20	$	13,913		0.10%		0.25%		2.56%		13.16%			13.02%
2024		505	$	26.68	$	29.37	$	14,793		0.10%		0.25%		2.84%		7.54%			7.38%
2023		552	$	24.81	$	35.84	$	15,057		0.10%		0.25%		3.07%		12.30%			12.12%
2022		639	$	22.09	$	31.97	$	15,606		0.10%		0.25%		2.04%		(15.93%	)		(16.03%	)
2021		730	$	26.27	$	38.08	$	21,149		0.10%		0.25%		0.95%		9.43%			9.26%
VIP - Freedom 2025 Initial Class
2025		25	$	34.75	$	34.75	$	874		0.80%		0.80%		2.57%		13.67%			13.67%
2024		58	$	30.57	$	30.57	$	1,776		0.80%		0.80%		2.40%		7.59%			7.59%
2023		68	$	28.41	$	28.41	$	1,942		0.80%		0.80%		2.90%		12.71%			12.71%
2022		69	$	25.21	$	25.21	$	1,751		0.80%		0.80%		2.01%		(17.09%	)		(17.09%	)
2021		79	$	30.41	$	30.41	$	2,413		0.80%		0.80%		1.05%		9.95%			9.95%
VIP - Investor Freedom 2025 Investor Class
2025		421	$	33.80	$	36.84	$	15,547		0.10%		0.25%		2.57%		14.34%			14.16%
2024		454	$	29.56	$	32.27	$	14,792		0.10%		0.25%		2.34%		8.35%			8.18%
2023		562	$	27.29	$	39.92	$	16,874		0.10%		0.25%		2.79%		13.46%			13.25%
2022		641	$	24.05	$	35.24	$	17,046		0.10%		0.25%		2.00%		(16.55%	)		(16.66%	)
2021		865	$	28.82	$	42.29	$	27,168		0.10%		0.25%		1.24%		10.67%			10.51%
VIP - Freedom 2030 Initial Class
2025		34	$	37.17	$	37.17	$	1,280		0.80%		0.80%		2.08%		14.58%			14.58%
2024		43	$	32.44	$	32.44	$	1,381		0.80%		0.80%		2.24%		8.53%			8.53%
2023		49	$	29.89	$	29.89	$	1,476		0.80%		0.80%		2.55%		13.77%			13.77%
2022		51	$	26.27	$	26.27	$	1,334		0.80%		0.80%		2.00%		(17.53%	)		(17.53%	)
2021		49	$	31.85	$	31.85	$	1,564		0.80%		0.80%		1.13%		11.47%			11.47%


		70		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Investor Freedom 2030 Investor Class
2025		636	$	37.35	$	39.24	$	25,466		0.10%		0.25%		2.44%		15.24%			15.07%
2024		662	$	32.41	$	34.10	$	23,051		0.10%		0.25%		2.15%		9.29%			9.12%
2023		746	$	29.65	$	44.14	$	23,688		0.10%		0.25%		2.52%		14.54%			14.37%
2022		768	$	25.89	$	38.60	$	21,357		0.10%		0.25%		1.93%		(17.00%	)		(17.13%	)
2021		728	$	31.19	$	46.58	$	24,250		0.10%		0.25%		1.08%		12.14%			11.97%
VIP - Freedom 2035 Initial Class (7)
2025		3	$	13.82	$	13.82	$	57		0.80%		0.80%		2.26%		15.75%			15.75%
2024		3	$	11.94	$	11.94	$	41		0.80%		0.80%		1.92%		10.14%			10.14%
2023		—	$	—	$	—	$	2		0.80%		0.80%		—		—			—
2022		—	$	—	$	—	$	—		—		—		—		—			—
2021		—	$	—	$	—	$	—		—		—		—		—			—
VIP - Investor Freedom 2035 Investor Class (7)
2025		64	$	14.06	$	14.01	$	900		0.10%		0.25%		2.93%		16.49%			16.36%
2024		60	$	12.07	$	12.04	$	720		0.10%		0.25%		3.51%		10.83%			10.66%
2023		31	$	10.88	$	10.88	$	333		0.25%		0.25%		6.56%		—			—
2022		—	$	—	$	—	$	—		—		—		—		—			—
2021		—	$	—	$	—	$	—		—		—		—		—			—
VIP - Freedom 2040 Initial Class (7)
2025		41	$	14.49	$	14.49	$	588		0.80%		0.80%		1.85%		17.90%			17.90%
2024		—	$	12.29	$	12.29	$	—		0.80%		0.80%		0.31%		12.19%			12.19%
2023		—	$	10.96	$	10.96	$	2		0.80%		0.80%		—		—			—
2022		—	$	—	$	—	$	—		—		—		—		—			—
2021		—	$	—	$	—	$	—		—		—		—		—			—
VIP - Investor Freedom 2040 Investor Class (7)
2025		128	$	14.74	$	14.68	$	1,879		0.10%		0.25%		2.20%		18.58%			18.39%
2024		77	$	12.43	$	12.40	$	950		0.10%		0.25%		1.52%		12.82%			12.65%
2023		61	$	11.02	$	11.00	$	670		0.10%		0.25%		3.23%		—			—
2022		—	$	—	$	—	$	—		—		—		—		—			—
2021		—	$	—	$	—	$	—		—		—		—		—			—
VIP - Freedom 2045 Initial Class (7)
2025		5	$	14.76	$	14.76	$	69		0.80%		0.80%		1.81%		18.94%			18.94%
2024		3	$	12.41	$	12.41	$	31		0.80%		0.80%		1.65%		12.92%			12.92%
2023		—	$	10.99	$	10.99	$	2		0.80%		0.80%		—		—			—
2022		—	$	—	$	—	$	—		—		—		—		—			—
2021		—	$	—	$	—	$	—		—		—		—		—			—
VIP - Investor Freedom 2045 Investor Class (7)
2025		1	$	14.94	$	14.94	$	23		0.25%		0.25%		0.42%		19.33%			19.33%
2024		2	$	12.52	$	12.52	$	27		0.10%		0.25%		4.10%		13.62%			13.45%
2023		—	$	11.03	$	11.03	$	3		0.25%		0.25%		2.28%		—			—
2022		—	$	—	$	—	$	—		—		—		—		—			—
2021		—	$	—	$	—	$	—		—		—		—		—			—
VIP - Freedom 2050 Initial Class (7)
2025		—	$	14.75	$	14.75	$	1		0.80%		0.80%		0.97%		18.76%			18.76%
2024		—	$	12.42	$	12.42	$	—		0.80%		0.80%		0.14%		12.92%			12.92%
2023		—	$	—	$	—	$	2		0.80%		0.80%		—		—			—
2022		—	$	—	$	—	$	—		—		—		—		—			—
2021		—	$	—	$	—	$	—		—		—		—		—			—
VIP - Investor Freedom 2050 Investor Class (7)
2025		21	$	14.94	$	14.94	$	318		0.25%		0.25%		1.14%		19.42%			19.42%
2024		18	$	12.51	$	12.51	$	226		0.10%		0.25%		1.95%		—			—
2023		—		—		—		—		—		—		—		—			—
2022		—		—		—		—		—		—		—		—			—
2021		—		—		—		—		—		—		—		—			—
VIP - Freedom Lifetime Income I Initial Class
2025		42	$	22.20	$	22.20	$	930		0.60%		0.60%		3.38%		9.04%			9.04%
2024		46	$	20.36	$	20.36	$	937		0.60%		0.60%		3.50%		3.67%			3.67%
2023		57	$	19.64	$	19.64	$	1,117		0.60%		0.60%		4.31%		7.25%			7.25%
2022		62	$	18.31	$	18.31	$	1,132		0.60%		0.60%		2.23%		(12.54%	)		(12.54%	)
2021		73	$	20.94	$	20.94	$	1,524		0.60%		0.60%		1.01%		2.64%			2.64%
VIP - Freedom Lifetime Income II Initial Class
2025		32	$	26.72	$	26.72	$	883		0.60%		0.60%		3.21%		10.14%			10.14%
2024		35	$	24.26	$	24.26	$	862		0.60%		0.60%		3.46%		4.93%			4.93%
2023		38	$	23.12	$	23.12	$	883		0.60%		0.60%		3.83%		9.14%			9.14%
2022		41	$	21.18	$	21.18	$	869		0.60%		0.60%		2.15%		(14.34%	)		(14.34%	)
2021		44	$	24.73	$	24.73	$	1,088		0.60%		0.60%		1.05%		5.63%			5.63%


		71		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Freedom Lifetime Income III Initial Class
2025		73	$	33.15	$	33.15	$	2,445		0.60%		0.60%		2.69%		12.91%			12.91%
2024		78	$	29.36	$	29.36	$	2,303		0.60%		0.60%		2.73%		7.15%			7.15%
2023		83	$	27.40	$	27.40	$	2,277		0.60%		0.60%		3.07%		12.05%			12.05%
2022		88	$	24.45	$	24.45	$	2,151		0.60%		0.60%		2.02%		(16.54%	)		(16.54%	)
2021		93	$	29.30	$	29.30	$	2,729		0.60%		0.60%		1.06%		9.12%			9.12%
VIP - Disciplined Small Cap Initial Class
2025		36	$	39.53	$	37.99	$	1,447		0.80%		1.00%		0.97%		16.47%			16.21%
2024		45	$	33.94	$	32.69	$	1,538		0.80%		1.00%		1.13%		15.93%			15.72%
2023		50	$	29.28	$	28.25	$	1,462		0.80%		1.00%		1.02%		20.00%			19.77%
2022		43	$	24.40	$	23.59	$	1,049		0.80%		1.00%		0.81%		(18.89%	)		(19.06%	)
2021		55	$	30.08	$	29.15	$	1,626		0.80%		1.00%		0.39%		19.69%			19.45%
VIP - Disciplined Small Cap Investor Class
2025		588	$	55.38	$	43.38	$	30,190		0.10%		0.25%		0.80%		17.18%			17.00%
2024		727	$	47.26	$	37.07	$	31,942		0.10%		0.25%		1.06%		16.70%			16.52%
2023		744	$	40.50	$	59.03	$	27,950		0.10%		0.25%		0.96%		20.71%			20.55%
2022		739	$	33.55	$	48.97	$	23,041		0.10%		0.25%		0.78%		(18.36%	)		(18.49%	)
2021		760	$	41.10	$	60.08	$	29,070		0.10%		0.25%		0.32%		20.50%			20.32%
VIP - FundsManager 20% Investor Class
2025		2,541	$	18.37	$	17.81	$	49,967		0.10%		1.00%		3.56%		9.09%			8.00%
2024		2,828	$	16.84	$	16.49	$	51,234		0.10%		1.00%		3.53%		5.42%			4.50%
2023		2,988	$	15.98	$	15.78	$	51,612		0.10%		1.00%		3.39%		8.04%			7.06%
2022		3,812	$	14.79	$	14.74	$	61,083		0.10%		1.00%		2.24%		(9.68%	)		(10.49%	)
2021		4,257	$	16.38	$	16.47	$	75,816		0.10%		1.00%		1.06%		3.55%			2.62%
VIP - FundsManager 30% Investor Class (7)
2025		71	$	12.34	$	12.16	$	869		0.25%		0.80%		3.98%		10.57%			—
2024		40	$	11.16	$	11.16	$	447		0.25%		0.25%		5.12%		—			—
2023		—		—		—		—		—		—		—		—			—
2022		—		—		—		—		—		—		—		—			—
2021		—		—		—		—		—		—		—		—			—
VIP - FundsManager 40% Investor Class (7)
2025		182	$	12.73	$	12.54	$	2,307		0.25%		0.80%		3.95%		12.16%			11.47%
2024		64	$	11.35	$	11.25	$	728		0.25%		0.80%		2.02%		7.36%			6.60%
2023		108	$	10.59	$	10.55	$	1,145		0.25%		0.80%		4.09%		—			—
2022		—	$	—	$	—	$	—		—		—		—		—			—
2021		—	$	—	$	—	$	—		—		—		—		—			—
VIP - FundsManager 50% Investor Class
2025		4,582	$	28.66	$	25.63	$	134,489		0.10%		1.00%		2.60%		14.05%			12.96%
2024		5,267	$	25.13	$	22.69	$	135,458		0.10%		1.00%		2.34%		8.40%			7.43%
2023		6,084	$	23.19	$	21.12	$	144,773		0.10%		1.00%		2.51%		12.83%			11.82%
2022		6,677	$	20.55	$	18.89	$	141,775		0.10%		1.00%		1.97%		(14.01%	)		(14.78%	)
2021		7,299	$	23.90	$	22.17	$	180,611		0.10%		1.00%		1.15%		9.91%			8.92%
VIP - FundsManager 60% Investor Class
2025		5,737	$	33.01	$	36.55	$	176,620		0.10%		1.40%		2.21%		15.62%			14.11%
2024		6,187	$	28.55	$	32.03	$	165,351		0.10%		1.40%		1.97%		9.47%			8.03%
2023		7,338	$	26.08	$	29.65	$	178,862		0.10%		1.40%		2.34%		14.05%			12.58%
2022		7,810	$	22.87	$	26.34	$	167,041		0.10%		1.40%		1.76%		(15.14%	)		(16.25%	)
2021		8,498	$	26.95	$	31.45	$	214,965		0.10%		1.40%		1.13%		12.23%			10.77%
VIP - FundsManager 70% Investor Class
2025		5,228	$	37.61	$	30.96	$	193,101		0.10%		1.00%		1.93%		17.02%			15.96%
2024		5,312	$	32.14	$	26.70	$	167,524		0.10%		1.00%		1.80%		10.77%			9.79%
2023		5,248	$	29.02	$	24.32	$	149,468		0.10%		1.00%		2.08%		15.61%			14.58%
2022		5,206	$	25.10	$	21.23	$	128,432		0.10%		1.00%		1.64%		(15.75%	)		(16.51%	)
2021		5,180	$	29.79	$	25.43	$	151,819		0.10%		1.00%		1.06%		14.41%			13.38%
VIP - FundsManager 85% Investor Class
2025		2,180	$	45.03	$	34.94	$	93,915		0.10%		1.00%		1.49%		19.35%			18.24%
2024		2,133	$	37.73	$	29.55	$	77,485		0.10%		1.00%		1.41%		12.39%			11.38%
2023		2,016	$	33.57	$	26.53	$	65,344		0.10%		1.00%		1.60%		17.55%			16.51%
2022		2,109	$	28.56	$	22.77	$	57,893		0.10%		1.00%		1.12%		(17.15%	)		(17.90%	)
2021		2,048	$	34.47	$	27.74	$	67,739		0.10%		1.00%		0.97%		17.71%			16.65%
VIP - Consumer Staples Initial Class
2025		19	$	35.76	$	34.44	$	685		0.80%		1.00%		1.71%		(3.77%	)		(3.96%	)
2024		27	$	37.16	$	35.86	$	997		0.80%		1.00%		2.55%		4.72%			4.52%
2023		31	$	35.48	$	34.31	$	1,096		0.80%		1.00%		2.01%		2.31%			2.11%
2022		36	$	34.68	$	33.60	$	1,256		0.80%		1.00%		1.85%		(1.41%	)		(1.61%	)
2021		29	$	35.17	$	34.15	$	1,040		0.80%		1.00%		1.79%		13.33%			13.10%


		72		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Consumer Staples Investor Class
2025		342	$	37.15	$	39.07	$	13,015		0.10%		0.25%		1.80%		(3.15%	)		(3.29%	)
2024		402	$	38.36	$	40.40	$	15,828		0.10%		0.25%		2.01%		5.35%			5.19%
2023		499	$	36.41	$	48.06	$	18,697		0.10%		0.25%		1.84%		2.97%			2.83%
2022		560	$	35.36	$	46.74	$	20,389		0.10%		0.25%		1.71%		(0.78%	)		(0.94%	)
2021		508	$	35.64	$	47.18	$	18,702		0.10%		0.25%		1.83%		13.99%			13.82%
VIP - Materials Initial Class
2025		21	$	30.83	$	29.69	$	667		0.80%		1.00%		1.09%		10.50%			10.29%
2024		32	$	27.90	$	26.92	$	890		0.80%		1.00%		1.01%		(3.22%)			(3.44%)
2023		48	$	28.83	$	27.88	$	1,364		0.80%		1.00%		1.34%		6.73%			6.52%
2022		56	$	27.01	$	26.17	$	1,495		0.80%		1.00%		1.14%		(10.50%	)		(10.69%	)
2021		45	$	30.18	$	29.30	$	1,355		0.80%		1.00%		0.76%		32.36%			32.09%
VIP - Materials Investor Class
2025		138	$	31.74	$	33.65	$	4,650		0.10%		0.25%		1.11%		11.13%			10.95%
2024		143	$	28.56	$	30.33	$	4,385		0.10%		0.25%		1.07%		(2.64%)			(2.79%)
2023		198	$	29.34	$	63.25	$	6,277		0.10%		0.25%		1.16%		7.46%			7.31%
2022		264	$	27.30	$	58.94	$	7,725		0.10%		0.25%		1.08%		(10.00%	)		(10.13%	)
2021		221	$	30.33	$	65.59	$	7,352		0.10%		0.25%		0.57%		33.26%			33.06%
VIP - Communication Services Initial Class
2025		81	$	51.45	$	49.55	$	4,179		0.80%		1.00%		—		33.32%			33.06%
2024		73	$	38.59	$	37.24	$	2,804		0.80%		1.00%		—		32.96%			32.67%
2023		128	$	29.02	$	28.07	$	3,702		0.80%		1.00%		—		56.13%			55.83%
2022		56	$	18.59	$	18.01	$	1,049		0.80%		1.00%		—		(38.63%	)		(38.76%	)
2021		72	$	30.29	$	29.41	$	2,196		0.80%		1.00%		—		14.72%			14.49%
VIP - Communication Services Investor Class
2025		406	$	73.18	$	56.20	$	27,669		0.10%		0.25%		—		34.15%			33.94%
2024		335	$	54.55	$	41.96	$	16,845		0.10%		0.25%		—		33.76%			33.56%
2023		380	$	40.78	$	76.20	$	14,205		0.10%		0.25%		—		57.10%			56.84%
2022		255	$	25.96	$	48.58	$	6,062		0.10%		0.25%		—		(38.24%	)		(38.32%	)
2021		300	$	42.03	$	78.76	$	11,694		0.10%		0.25%		—		15.48%			15.31%
VIP - Hedged Equity Investor Class (C)
2025		24	$	11.74	$	11.73	$	276		0.10%		0.25%		1.13%		—			—
2024		—		—		—		—		—		—		—		—			—
2023		—		—		—		—		—		—		—		—			—
2022		—		—		—		—		—		—		—		—			—
2021		—		—		—		—		—		—		—		—			—
VIP - Emerging Markets Initial Class
2025		47	$	19.35	$	18.67	$	900		0.80%		1.00%		2.26%		40.12%			39.75%
2024		38	$	13.81	$	13.36	$	526		0.80%		1.00%		1.35%		9.15%			8.97%
2023		47	$	12.66	$	12.26	$	595		0.80%		1.00%		2.28%		8.82%			8.61%
2022		47	$	11.63	$	11.29	$	547		0.80%		1.00%		1.81%		(20.77%	)		(20.94%	)
2021		48	$	14.68	$	14.28	$	702		0.80%		1.00%		1.84%		(3.02%	)		(3.22%	)
VIP - Emerging Markets Investor Class
2025		866	$	27.36	$	21.04	$	22,496		0.10%		0.25%		2.26%		40.96%			40.72%
2024		735	$	19.41	$	14.95	$	13,510		0.10%		0.25%		1.32%		9.79%			9.62%
2023		805	$	17.68	$	36.38	$	13,535		0.10%		0.25%		2.12%		9.50%			9.30%
2022		818	$	16.15	$	33.28	$	12,545		0.10%		0.25%		1.69%		(20.27%	)		(20.39%	)
2021		789	$	20.26	$	41.80	$	15,195		0.10%		0.25%		1.84%		(2.37%	)		(2.52%	)
VIP - Floating Rate High Income Initial Class
2025		112	$	15.37	$	15.01	$	1,724		0.80%		1.00%		7.09%		4.49%			4.24%
2024		133	$	14.71	$	14.40	$	1,946		0.80%		1.00%		7.10%		7.63%			7.38%
2023		134	$	13.67	$	13.41	$	1,834		0.80%		1.00%		5.64%		11.32%			11.07%
2022		198	$	12.28	$	12.07	$	2,443		0.80%		1.00%		5.06%		(1.34%	)		(1.52%	)
2021		93	$	12.45	$	12.26	$	1,153		0.80%		1.00%		2.86%		4.36%			4.15%
VIP - Floating Rate High Income Investor Class
2025		1,687	$	16.62	$	16.33	$	27,855		0.10%		0.25%		7.52%		5.26%			5.08%
2024		1,951	$	15.79	$	15.54	$	30,601		0.10%		0.25%		7.22%		8.25%			8.09%
2023		2,036	$	14.59	$	14.38	$	29,537		0.10%		0.25%		7.29%		12.15%			11.99%
2022		1,973	$	13.01	$	12.84	$	25,553		0.10%		0.25%		4.19%		(0.68%	)		(0.85%	)
2021		1,971	$	13.10	$	12.95	$	25,709		0.10%		0.25%		2.99%		4.97%			4.82%
VIP - Bond Index Initial Class
2025		3,525	$	11.47	$	10.71	$	40,120		0.10%		1.00%		3.44%		6.90%			5.93%
2024		3,233	$	10.73	$	10.11	$	34,520		0.10%		1.00%		3.20%		1.11%			0.20%
2023		2,729	$	10.61	$	10.09	$	28,838		0.10%		1.00%		2.51%		5.39%			4.47%
2022		2,506	$	10.07	$	9.66	$	25,136		0.10%		1.00%		1.80%		(13.30%	)		(14.10%	)
2021		2,322	$	11.61	$	11.25	$	26,880		0.10%		1.00%		0.96%		(2.05%	)		(2.93%	)


		73		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
VIP - Total Market Index Initial Class
2025		2,938	$	26.09	$	24.36	$	76,152		0.10%		1.00%		1.13%		17.00%			15.94%
2024		2,834	$	22.30	$	21.01	$	62,836		0.10%		1.00%		1.40%		23.57%			22.44%
2023		2,346	$	18.05	$	17.16	$	42,089		0.10%		1.00%		1.10%		25.94%			24.81%
2022		2,338	$	14.33	$	13.75	$	33,370		0.10%		1.00%		1.45%		(19.30%	)		(20.02%	)
2021		1,924	$	17.76	$	17.19	$	34,042		0.10%		1.00%		1.23%		25.56%			24.43%
VIP - Extended Market Index Initial Class
2025		537	$	18.07	$	16.87	$	9,658		0.10%		1.00%		1.22%		12.24%			11.21%
2024		533	$	16.10	$	15.17	$	8,538		0.10%		1.00%		1.36%		12.19%			11.14%
2023		540	$	14.35	$	13.65	$	7,708		0.10%		1.00%		1.66%		17.35%			16.27%
2022		646	$	12.23	$	11.74	$	7,867		0.10%		1.00%		1.57%		(18.23%	)		(18.93%	)
2021		487	$	14.96	$	14.48	$	7,252		0.10%		1.00%		1.17%		21.12%			20.03%
VIP - International Index Initial Class
2025		1,861	$	16.98	$	15.86	$	31,353		0.10%		1.00%		3.07%		32.97%			31.84%
2024		1,498	$	12.77	$	12.03	$	19,017		0.10%		1.00%		2.90%		5.00%			4.07%
2023		1,521	$	12.16	$	11.56	$	18,404		0.10%		1.00%		2.87%		16.01%			15.04%
2022		1,489	$	10.48	$	10.05	$	15,552		0.10%		1.00%		2.44%		(16.08%	)		(16.88%	)
2021		1,233	$	12.49	$	12.09	$	15,364		0.10%		1.00%		2.79%		7.61%			6.64%
VIF - Emerging Markets Equity Portfolio - Class I
2025		256	$	18.78	$	40.67	$	5,839		0.10%		1.00%		0.36%		32.81%			31.62%
2024		325	$	14.14	$	30.90	$	5,526		0.10%		1.00%		1.39%		7.71%			6.73%
2023		349	$	13.13	$	28.95	$	5,799		0.10%		1.00%		1.64%		11.82%			10.87%
2022		363	$	11.74	$	26.11	$	5,415		0.10%		1.00%		0.43%		(25.13%	)		(25.84%	)
2021		327	$	15.68	$	35.21	$	6,786		0.10%		1.00%		0.86%		2.88%			1.96%
VIF - Emerging Markets Debt Portfolio - Class I
2025		376	$	17.76	$	40.64	$	8,011		0.10%		1.00%		14.21%		15.25%			14.19%
2024		405	$	15.41	$	35.59	$	7,602		0.10%		1.00%		10.16%		11.12%			10.12%
2023		430	$	13.87	$	32.32	$	7,322		0.10%		1.00%		8.76%		11.76%			10.74%
2022		506	$	12.41	$	29.19	$	7,662		0.10%		1.00%		7.55%		(18.84%	)		(19.56%	)
2021		558	$	15.29	$	36.29	$	10,422		0.10%		1.00%		5.09%		(2.12%	)		(3.00%	)
VIF - Global Strategist - Class II
2025		143	$	26.22	$	26.05	$	3,690		0.10%		1.00%		—		17.32%			16.09%
2024		189	$	22.35	$	22.44	$	4,118		0.10%		1.00%		—		7.36%			6.50%
2023		190	$	20.82	$	21.07	$	3,885		0.10%		1.00%		1.65%		13.96%			12.90%
2022		193	$	18.27	$	18.66	$	3,478		0.10%		1.00%		—		(17.03%	)		(17.75%	)
2021		214	$	22.02	$	22.69	$	4,672		0.10%		1.00%		1.83%		8.26%			7.28%
Lazard - Retirement Emerging Markets Portfolio - Investor
2025		339	$	21.55	$	24.97	$	8,469		0.10%		1.00%		2.96%		41.96%			40.60%
2024		331	$	15.18	$	17.76	$	5,752		0.10%		1.00%		3.65%		7.57%			6.67%
2023		378	$	14.11	$	16.65	$	6,099		0.10%		1.00%		5.07%		22.49%			21.43%
2022		394	$	11.52	$	13.71	$	5,222		0.10%		1.00%		3.47%		(15.04%	)		(15.84%	)
2021		502	$	13.56	$	16.29	$	7,767		0.10%		1.00%		2.11%		5.69%			4.74%
Invesco - V.I. Global Core Equity Series I
2025		224	$	32.21	$	35.23	$	7,045		0.10%		1.00%		1.39%		15.45%			14.27%
2024		236	$	27.90	$	30.83	$	6,340		0.10%		1.00%		1.14%		16.73%			15.82%
2023		240	$	23.90	$	26.62	$	5,495		0.10%		1.00%		0.50%		21.58%			20.50%
2022		249	$	19.66	$	22.09	$	4,719		0.10%		1.00%		0.35%		(21.94%	)		(22.65%	)
2021		254	$	25.19		28.56	$	6,137		0.10%		1.00%		0.98%		15.86%			14.81%
Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6)
2025		43	$	83.03	$	78.69	$	3,499		0.80%		1.00%		—		4.55%			4.18%
2024		44	$	79.42	$	75.53	$	3,462		0.80%		1.00%		—		17.18%			17.12%
2023		47	$	67.78	$	64.49	$	3,171		0.80%		1.00%		—		19.18%			18.95%
2022		48	$	56.87	$	54.22	$	2,747		0.80%		1.00%		—		(38.35%	)		(38.47%	)
2021		52	$	92.24	$	88.12	$	4,777		0.80%		1.00%		—		(5.80%	)		(5.99%	)
Allspring - VT Opportunity Class 2 (5)
2025		15	$	99.84	$	94.62	$	1,452		0.80%		1.00%		0.05%		5.85%			5.64%
2024		16	$	94.32	$	89.57	$	1,436		0.80%		1.00%		0.05%		14.12%			13.90%
2023		16	$	82.64	$	78.64	$	1,327		0.80%		1.00%		—		25.49%			25.25%
2022		17	$	65.86	$	62.79	$	1,155		0.80%		1.00%		—		(21.44%	)		(21.60%	)
2021		19	$	83.83	$	80.09	$	1,585		0.80%		1.00%		0.04%		23.78%			23.53%


		74		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued


			Unit value (4)						Expense ratio (1)(4)						Total Return (3)(4)
	Units (000s)		Highest		Lowest		Net assets (000s)		Lowest		Highest		Investment income ratio (2)		Highest			Lowest
PVIT - Commodity Real Return Strategy Portfolio - Administrative
2025		791	$	9.82	$	8.67	$	7,735		0.10%		1.00%		2.87%		18.60%			17.64%
2024		463	$	8.28	$	7.37	$	3,812		0.10%		1.00%		2.14%		4.06%			3.08%
2023		523	$	7.95	$	7.15	$	4,145		0.10%		1.00%		16.79%		(7.95%)			(8.80%)
2022		813	$	8.64	$	7.84	$	6,959		0.10%		1.00%		24.65%		8.52%			7.76%
2021		600	$	7.96	$	7.29	$	4,758		0.10%		1.00%		4.87%		33.21%			32.28%
PVIT - Low Duration Portfolio - Administrative
2025		2,458	$	12.82	$	11.73	$	31,778		0.10%		1.00%		3.94%		5.43%			4.45%
2024		2,149	$	12.16	$	11.23	$	26,493		0.10%		1.00%		3.99%		4.39%			3.41%
2023		2,422	$	11.65	$	10.86	$	28,583		0.10%		1.00%		3.59%		4.88%			3.89%
2022		2,859	$	11.11	$	10.45	$	32,188		0.10%		1.00%		1.66%		(5.85%	)		(6.65%	)
2021		3,207	$	11.80	$	11.19	$	38,427		0.10%		1.00%		0.52%		(1.03%	)		(1.92%	)
PVIT - Real Return Portfolio - Administrative
2025		860	$	14.96	$	14.35	$	13,272		0.10%		1.00%		3.32%		7.70%			6.77%
2024		865	$	13.89	$	13.44	$	12,410		0.10%		1.00%		2.62%		2.03%			1.13%
2023		1,066	$	13.61	$	13.29	$	15,044		0.10%		1.00%		2.99%		3.57%			2.63%
2022		1,354	$	13.14	$	12.95	$	18,439		0.10%		1.00%		7.06%		(12.00%	)		(12.78%	)
2021		1,458	$	14.93	$	14.85	$	22,642		0.10%		1.00%		4.97%		5.48%			4.53%
PVIT - Total Return Portfolio - Administrative
2025		1,992	$	14.48	$	13.70	$	29,781		0.10%		1.00%		4.11%		8.79%			7.79%
2024		2,109	$	13.31	$	12.71	$	29,044		0.10%		1.00%		4.04%		2.43%			1.52%
2023		2,225	$	13.00	$	12.52	$	29,952		0.10%		1.00%		3.56%		5.84%			4.85%
2022		2,758	$	12.28	$	11.94	$	35,046		0.10%		1.00%		2.59%		(14.39%	)		(15.14%	)
2021		3,336	$	14.34	$	14.07	$	49,452		0.10%		1.00%		1.82%		(1.37%	)		(2.25%	)
Blackrock - Global Allocation V.I. Fund - Class I
2025		1,263	$	23.81	$	21.02	$	29,765		0.10%		1.00%		3.35%		19.41%			18.36%
2024		1,382	$	19.94	$	17.76	$	27,254		0.10%		1.00%		1.19%		11.19%			10.17%
2023		1,515	$	17.93	$	16.12	$	27,413		0.10%		1.00%		1.85%		10.22%			9.23%
2022		1,835	$	16.27	$	14.76	$	29,565		0.10%		1.00%		—		(16.05%	)		(16.81%	)
2021		1,976	$	19.38	$	17.74	$	37,966		0.10%		1.00%		0.78%		6.44%			5.48%
FTVIP - Templeton Global Bond Fund - Class 2
2025		397	$	10.39	$	9.18	$	4,069		0.10%		1.00%		—		15.57%			14.61%
2024		405	$	8.99	$	8.01	$	3,608		0.10%		1.00%		—		(11.46%)			(12.27%)
2023		462	$	10.15	$	9.35	$	4,657		0.10%		1.00%		—		2.77%			1.90%
2022		545	$	9.88	$	8.96	$	5,343		0.10%		1.00%		—		(5.04%	)		(5.90%	)
2021		591	$	10.40	$	9.52	$	6,101		0.10%		1.00%		—		(5.09%	)		—
FTVIP - Franklin U.S. Government Securities Fund - Class 2
2025		333	$	11.40	$	10.35	$	3,762		0.10%		0.80%		3.81%		6.64%			5.83%
2024		431	$	10.69	$	9.53	$	4,566		0.10%		0.80%		2.84%		1.27%			0.32%
2023		541	$	10.56	$	9.72	$	5,648		0.10%		0.80%		2.74%		4.36%			3.66%
2022		563	$	10.12	$	9.38	$	5,617		0.10%		0.80%		2.39%		(9.84%	)		(10.49%	)
2021		693	$	11.22	$	10.48	$	7,675		0.10%		0.80%		2.38%		(1.92%	)		(2.61%	)

(1)

These amounts represent annualized contract expenses of the separate account, consisting primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded.

(2)

These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest.

(3)

These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, which includes expenses assessed through the reduction of unit values. The ratio does not include expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period.

(4)

The unit value and total return columns labeled “Highest” correspond with the product with the lowest expense ratio. The unit value and total return columns labeled “Lowest” correspond with the product with the highest expense ratio. Please see Footnote 3 for additional information regarding total return.

(5)	During 2021, the following underlying funds were renamed:


Old Name		New Name
Wells Fargo VT Discovery Fund		Allspring VT Discovery Fund
Wells Fargo VT Opportunity Fund		Allspring VT Opportunity Fund


		75		Annual Report

Notes to Financial Statements - continued

Empire Fidelity Investments Variable Annuity Account A

6. Unit Values - continued

(6)	During 2023, the following underlying funds were renamed:

Old Name

Allspring VT Discovery Fund

VIP Financial Services Initial Class

VIP Financial Services Investor Class

New Name

Allspring – VT Discovery SMID Cap Growth Class 2

VIP – Financials Initial Class

VIP – Financials Investor Class

(7)	During 2023, the following underlying funds were added and commenced operations effective May 1, 2023:

VIP – Freedom 2035 Initial Class

VIP – Freedom 2040 Initial Class

VIP – Freedom 2045 Initial Class

VIP – Freedom 2050 Initial Class

VIP – FundsManager 30% Investor Class

VIP – Investor Freedom 2035 Investor Class

VIP – Investor Freedom 2040 Investor Class

VIP – Investor Freedom 2045 Investor Class

VIP – Investor Freedom 2050 Investor Class

VIP – FundsManager 40% Investor Class

(A)	Fund Merged. See Note 1

(B)	Fund Name Change. See Note 1

(C)	New Fund. See Note 1

7. Subsequent Events

Effective April 30, 2026, the VIP Freedom Income Initial Class will be renamed to VIP Freedom Retirement Initial Class.

Effective April 30, 2026, the VIP Investor Freedom Income Investor Class will be renamed to VIP Investor Freedom Retirement Investor Class.

The Invesco V.I. Global Core Equity and Invesco V.I. Global funds approved a Plan of Reorganization Agreement to transfer of all the net assets of the Invesco V.I. Global Core Equity fund in exchange for shares of the Invesco V.I. Global fund effective April 24, 2026.

The Account has evaluated subsequent events from the balance sheet date through the date of this report and no other events have occurred that would require disclosure.


		76		Annual Report

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Empire Fidelity Investments Life Insurance Company and the Contract Owners of Empire Fidelity Investments Variable Annuity Account A

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the subaccounts of Empire Fidelity Investments Variable Annuity Account A indicated in the table below as of December 31, 2025, and the related statements of operations and of changes in net assets for each of the periods indicated in the table below (other than the subaccounts denoted by footnote (2), which only includes a statement of changes in net assets for the period January 1, 2024 to June 7, 2024 (date of merger)), 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 Empire Fidelity Investments Variable Annuity Account A (other than the subaccounts denoted by footnote (2)) as of December 31, 2025, 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.



Fidelity VIP Government Money Market - Initial Class (1)	Fidelity VIP Government Money Market - Investor Class (1)	Fidelity VIP High Income - Initial Class (1)

Fidelity VIP High Income - Investor Class (1)	Fidelity VIP Equity-Income - Initial Class (1)	Fidelity VIP Equity-Income - Investor Class (1)

Fidelity VIP Growth - Initial Class (1)	Fidelity VIP Growth - Investor Class (1)	Fidelity VIP Overseas - Initial Class (1)

Fidelity VIP Overseas - Investor Class (1)	Fidelity VIP Investment Grade Bond - Initial Class (1)	Fidelity VIP Investment Grade Bond - Investor Class (1)

Fidelity VIP Asset Manager 50% - Initial Class (1)	Fidelity VIP Asset Manager 50% - Investor Class (1)	Fidelity VIP Index 500 - Initial Class (1)

Fidelity VIP Asset Manager 70% - Initial Class (1)	Fidelity VIP Asset Manager 70% - Investor Class (1)	Fidelity VIP Contrafund - Initial Class (1)

Fidelity VIP Contrafund - Investor Class (1)	Fidelity VIP Balanced - Initial Class (1)	Fidelity VIP Balanced - Investor Class (1)

Fidelity VIP Dynamic Capital Appreciation - Initial Class (1)	Fidelity VIP Dynamic Capital Appreciation - Investor Class (1)	Fidelity VIP Growth & Income - Initial Class (1)

Fidelity VIP Growth & Income - Investor Class (1)	Fidelity VIP Growth Opportunities - Initial Class (1)	Fidelity VIP Growth Opportunities - Investor Class (1)

Fidelity VIP Mid Cap - Initial Class (1)	Fidelity VIP Mid Cap - Investor Class (1)	Fidelity VIP Value Strategies - Initial Class (1)

Fidelity VIP Value Strategies - Investor Class (1)	Fidelity VIP Utilities - Initial Class (1)	Fidelity VIP Utilities - Investor Class (1)

Fidelity VIP Technology - Initial Class (1)	Fidelity VIP Technology - Investor Class (1)	Fidelity VIP Energy - Initial Class (1)

Fidelity VIP Energy - Investor Class (1)	Fidelity VIP Health Care - Initial Class (1)	Fidelity VIP Health Care - Investor Class (1)

Fidelity VIP Financials - Initial Class (1)	Fidelity VIP Financials - Investor Class (1)	Fidelity VIP Industrials - Initial Class (1)

Fidelity VIP Industrials - Investor Class (1)	Fidelity VIP Consumer Discretionary - Initial Class (1)	Fidelity VIP Consumer Discretionary - Investor Class (1)

Fidelity VIP Real Estate - Initial Class (1)	Fidelity VIP Real Estate - Investor Class (1)	Fidelity VIP Strategic Income - Initial Class (1)

Fidelity VIP Strategic Income - Investor Class (1)	Fidelity VIP International Capital Appreciation - Initial Class (1)	Fidelity VIP International Capital Appreciation - Investor Class (1)

Fidelity VIP Value - Initial Class (1)	Fidelity VIP Value - Investor Class (1)	Fidelity VIP Freedom Income - Initial Class (1)

Fidelity VIP Freedom Income - Investor Class (1)	Fidelity VIP Freedom 2005 - Initial Class (2)	Fidelity VIP Investor Freedom 2005 - Investor Class (2)

Fidelity VIP Freedom 2010 - Initial Class (1)	Fidelity VIP Investor Freedom 2010 - Investor Class (1)	Fidelity VIP Freedom 2015 - Initial Class (1)

Fidelity VIP Investor Freedom 2015 - Investor Class (1)	Fidelity VIP Freedom 2020 - Initial Class (1)	Fidelity VIP Investor Freedom 2020 - Investor Class (1)

Fidelity VIP Freedom 2025 - Initial Class (1)	Fidelity VIP Investor Freedom 2025 - Investor Class (1)	Fidelity VIP Freedom 2030 - Initial Class (1)


		77		Annual Report



Fidelity VIP Investor Freedom 2030 - Investor Class (1)	Fidelity VIP Freedom 2035 - Initial Class (1)	Fidelity VIP Investor Freedom 2035 - Investor Class (1)

Fidelity VIP Freedom 2040 - Initial Class (1)	Fidelity VIP Investor Freedom 2040 - Investor Class (1)	Fidelity VIP Freedom 2045 - Initial Class (1)

Fidelity VIP Investor Freedom 2045 - Investor Class (1)	Fidelity VIP Freedom 2050 - Initial Class (1)	Fidelity VIP Investor Freedom 2050 -Investor Class (1)

Fidelity VIP Freedom Lifetime Income I (1)	Fidelity VIP Freedom Lifetime Income II (1)	Fidelity VIP Freedom Lifetime Income III (1)

Fidelity VIP Disciplined Small Cap - Initial Class (1)	Fidelity VIP Disciplined Small Cap - Investor Class (1)	Fidelity VIP FundsManager 20% - Investor Class (1)

Fidelity VIP FundsManager 30% - Investor Class (1)	Fidelity VIP FundsManager 40% - Investor Class (1)	Fidelity VIP FundsManager 50% - Investor Class (1)

Fidelity VIP FundsManager 60% - Investor Class (1)	Fidelity VIP FundsManager 70% - Investor Class (1)	Fidelity VIP FundsManager 85% - Investor Class (1)

Fidelity VIP Consumer Staples - Initial Class (1)	Fidelity VIP Consumer Staples - Investor Class (1)	Fidelity VIP Materials - Initial Class (1)

Fidelity VIP Materials - Investor Class (1)	Fidelity VIP Communication Services - Initial Class (1)	Fidelity VIP Communication Services - Investor Class (1)

Fidelity VIP Hedged Equity - Investor Class (3)	Fidelity VIP Emerging Markets - Initial Class (1)	Fidelity VIP Emerging Markets - Investor Class (1)

Fidelity VIP Floating Rate High Income - Initial Class (1)	Fidelity VIP Floating Rate High Income - Investor Class (1)	Fidelity VIP Bond Index - Initial Class (1)

Fidelity VIP Total Market Index - Initial Class (1)	Fidelity VIP Extended Market Index - Initial Class (1)	Fidelity VIP International Index - Initial Class (1)

Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I (1)	Morgan Stanley VIF Emerging Markets Debt Portfolio - Class I (1)	Morgan Stanley VIF Global Strategist Portfolio - Class II (1)

Lazard Retirement Emerging Markets Equity Portfolio - Investor (1)	Invesco V.I. Global Core Equity Fund - Series I (1)	Allspring VT Discovery SMID Cap Growth - Class 2 (1)

Allspring VT Opportunity Fund - Class 2 (1)	PIMCO Commodity Real Return Strategy Portfolio - Administrative (1)	PIMCO Low Duration Portfolio - Administrative (1)

PIMCO Real Return Portfolio - Administrative (1)	PIMCO Total Return Portfolio - Administrative (1)	Blackrock Global Allocation V.I. Fund - Class I (1)

Templeton Global Bond VIP Fund - Class 2 (1)	Franklin U.S. Government Securities VIP Fund - Class 2 (1)

(1) 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 operations for the period January 1, 2024 to June 7, 2024 (date of merger) and statement of changes in net assets for the period January 1, 2024 to June 7, 2024 (date of merger) (3) Statement of operations and statement of changes in net assets for the period May 1, 2025 (commencement of operations) through December 31, 2025

Basis for Opinions

These financial statements are the responsibility of the Empire Fidelity Investments Life Insurance Company management. Our responsibility is to express an opinion on the financial statements of each of

the subaccounts of Empire Fidelity Investments Variable Annuity Account A 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 Empire Fidelity Investments Variable Annuity Account A 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.


		78		Annual Report

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 custodians or the transfer agents of the investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

April 30, 2026

We have served as the auditor of one or more of the subaccounts of Empire Fidelity Investments Variable Annuity Account A since 1991.


		79		Annual Report

LOGO

Retirement Reserves, Income Advantage, Personal Retirement, Freedom Lifetime Income and Growth and Guaranteed Income are issued by Empire Fidelity Investments Life Insurance Company. N.Y., N.Y.

Fidelity Brokerage Services LLC, member NYSE, SIPC, Fidelity Insurance Agency, Inc., and Fidelity Investments Institutional Services Company, Inc. are the distributors.

900 Salem Street, Smithfield, RI 02917

N.EVA/E.FIA-ANN-0221

1.XXXXXX.XXX

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2025, 2024 AND 2023

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

FINANCIAL STATEMENTS

for the years ended December 31, 2025, 2024 and 2023


TABLE OF CONTENTS	PAGE
Report of Independent Auditors		1

Balance Sheets		3

Statements of Comprehensive Income		4

Statements of Stockholder’s Equity		5

Statements of Cash Flows		6

Notes to Financial Statements		7

Report of Independent Auditors

To the Management and Board of Directors of Empire Fidelity Investments Life Insurance Company

Opinion

We have audited the accompanying financial statements of Empire Fidelity Investments Life Insurance Company (the “Company”), which comprise the balance sheets as of December 31, 2025 and 2024, and the related statements of comprehensive income, of stockholder’s equity and of cash flows for the years then ended, including the related notes (collectively referred to as the “financial statements”).

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of Matter

As discussed in Note 2 to the financial statements, the Company changed the manner in which it accounts for long-duration insurance and annuity contracts in 2025.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year after the date the financial statements are available to be issued.

Auditors’ Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with US GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with US GAAS, we:

•

Exercise professional judgment and maintain professional skepticism throughout the audit.

•

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

•

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Accordingly, no such opinion is expressed.

•

Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

•

Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

April 30, 2026

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

BALANCE SHEETS

(in thousands, except share data)


	December 31, 2025		December 31, 2024 (As Restated)
ASSETS
Investments:
Debt securities, available-for-sale, at fair value (amortized cost of $195,637 in 2025 $196,020 in 2024)	$	193,989	$	187,200

Policy loans		43		41

Total Investments		194,032		187,241

Cash and cash equivalents		10,306		14,792

Accrued investment income		2,179		1,920

Deferred policy acquisition costs		55,751		57,888

Reinsurance deposit and receivables		22,392		24,668

Other assets		2,720		2,522

Income taxes receivable		248		1,064

Receivable from parent and affiliates, net		811		—

Market risk benefit asset		3,740		3,572

Separate account assets		4,432,830		4,031,148

Total Assets	$	4,725,009	$	4,324,815


LIABILITIES

Liability for future policy benefits	$	63,004	$	64,607

Contract holder deposit funds		42,125		44,672

Market risk benefit liability		3,771		4,705

Payable to parent and affiliates, net		—		751

Other liabilities and accrued expenses		2,845		7,903

Deferred tax liability, net		5,317		6,045

Separate account liabilities		4,432,830		4,031,148

Total Liabilities		4,549,892		4,159,831


COMMITMENTS AND CONTINGENCIES (Note 11)

STOCKHOLDER’S EQUITY

Common stock, par value $10 per share - 200,000 shares authorized, issued, and outstanding		2,000		2,000

Additional paid-in capital		13,500		13,500

Accumulated other comprehensive income		(1,435)		(6,122)

Retained earnings		161,052		155,606

Total stockholder’s equity		175,117		164,984

Total Liabilities and Stockholder’s Equity	$	4,725,009	$	4,324,815

The accompanying notes are an integral part of the financial statements

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)


	For the years ended December 31,
	2025		2024 (As Restated)		2023 (As Restated)
Revenues
Fees charged to contract holders	$	12,447	$	12,097	$	10,783
Net investment income		7,784		7,594		6,669
Fund administration fees ⁽¹⁾		10,511		9,901		8,787
Premiums and other, net		270		485		500
Net realized investment (losses) gains:
Net realized investment (losses) on sales		(536)		(1,574)		(3,815)

Total revenues	$	30,476	$	28,503	$	22,924

Benefits and expenses:

Underwriting, acquisition and insurance expenses ⁽¹⁾		11,261		11,116		10,251

Contract and policy benefits and expenses		4,131		6,956		7,414

Liability for future policy benefits remeasurement (gain) loss		(1,639)		(3,617)		(4,360)

Market risk benefit remeasurement loss (gain)		29		181		(295)

Total benefits and expenses		13,782		14,636		13,010


Income before income taxes		16,694		13,867		9,914

Income tax expense		248		834		5,022

Net Income		16,446		13,033		4,892


Other comprehensive income (loss), before tax:
Net unrealized holding gains (losses) during the period		6,635		36		6,088

Reclassification adjustment for net realized losses included in net income		536		1,574		3,815

Changes in discount rate on the liability for future policy benefits		(1,380)		525		(1,401)

Changes in credit risk on market risk benefits		143		123		341

(Provision) benefit for income taxes related to items of other comprehensive income (loss)		(1,246)		(474)		(1,857)

Other comprehensive income (loss), net of tax		4,688		1,784		6,986

Comprehensive income	$	21,134	$	14,817	$	11,878

⁽¹⁾	Includes affiliated company transactions (Note 12)

The accompanying notes are an integral part of the financial statements

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

STATEMENTS OF STOCKHOLDER’S EQUITY

(in thousands)

For the years ended December 31, 2025, 2024, and 2023


	Common Stock		Additional Paid-In Capital		Accumulated Other Comprehensive Income		Retained Earnings		Total Stockholder’s Equity
Balance at December 31, 2022	$	2,000	$	13,500	$	(13,861)	$	157,707	$	159,346

Cumulative effect of adoption of accounting changes		—		—		(1,030)		(1,026)		(2,056)

Balance at December 31, 2022 (Restated)	$	2,000	$	13,500	$	(14,891)	$	156,681	$	157,290


Comprehensive income:
Net Income		—		—		—		4,892		4,892
Other comprehensive income		—		—		8,046		—		8,046
Changes in discount rate on the liability for future policy benefits		—		—		(1,401)		—		(1,401)

Changes in credit risk on market risk benefits		—		—		341		—		341
Dividend paid to parent		—		—		—		(10,000)		(10,000)

Balance at December 31, 2023 (Restated)	$	2,000	$	13,500	$	(7,905)	$	151,573	$	159,168

Comprehensive income:
Net Income		—		—		—		13,033		13,033
Other comprehensive income		—		—		1,135		—		1,135
Changes in discount rate on the liability for future policy benefits		—		—		525		—		525

Changes in credit risk on market risk benefits		—		—		123		—		123
Dividend paid to parent		—		—		—		(9,000)		(9,000)

Balance at December 31, 2024 (Restated)	$	2,000	$	13,500	$	(6,122)	$	155,606	$	164,984


Comprehensive income:
Net Income		—		—		—		16,446		16,446
Other comprehensive income		—		—		5,925		—		5,925
Changes in discount rate on the liability for future policy benefits		—		—		(1,380)		—		(1,380)

Changes in credit risk on market risk benefits		—		—		142		—		142
Dividend paid to parent		—		—		—		(11,000)		(11,000)

Balance at December 31, 2025	$	2,000	$	13,500	$	(1,435)	$	161,052	$	175,117

The accompanying notes are an integral part of the financial statements

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

STATEMENTS OF CASH FLOWS

(in thousands)


	For the years ended December 31,
	2025		2024 (As Restated)		2023 (As Restated)
Cash flows provided by (used in) operating activities:
Net income	$	16,446	$	13,033	$	4,892
Adjustments to reconcile net income to cash provided by operating activities:
Amortization and depreciation		25		59		120
Net realized investment losses		536		1,574		3,815
(Benefit) provision for deferred taxes		(1,974)		(877)		1,708
Deferred policy acquisition costs, net		2,137		1,673		1,962
Changes in assets and liabilities:
Accrued investment income		(259)		(59)		(150)
Market risk benefits, net		(960)		645		(5,501)
Liability for future policy benefits, net		7,360		6,752		4,229
Reinsurance deposit and receivables		2,518		1,963		5,816
(Receivable) Payable to parent and affiliates, net		(1,562)		(997)		1,131
Income taxes		817		(2,894)		1,892
Other assets and other liabilities, net		(5,258)		(2,829)		4,851

Net cash provided by operating activities		19,826		18,043		24,765


Cash flows (used for) provided by investing activities:
Purchase of debt securities		(65,447)		(53,144)		(67,857)
Proceeds from sales of debt securities		45,600		54,954		62,275
Proceeds from maturities and calls of debt securities		19,668		9,488		10,683
Change in policy loans		(2)		(2)		9

Net cash (used for) provided by investing activities		(181)		11,296		5,110


Cash flows (used for) financing activities:
Deposits credited to fixed and variable annuity contracts		87,268		100,920		91,980
Net transfers from separate accounts		200,565		176,769		179,564
Withdrawals from variable annuity contracts		(298,929)		(294,664)		(285,298)
Withdrawals from fixed annuity contracts		(2,035)		(3,720)		(3,980)
Dividend paid to parent		(11,000)		(9,000)		(10,000)

Net cash (used for) financing activities		(24,131)		(29,695)		(27,734)


Net (decrease) increase in cash and cash equivalents		(4,486)		(356)		2,141

Cash and cash equivalents:
Beginning of year		14,792		15,148		13,007

End of year	$	10,306	$	14,792	$	15,148

The accompanying notes are an integral part of the financial statements

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

1. ORGANIZATION AND NATURE OF OPERATIONS:

Empire Fidelity Investments Life Insurance Company (the “Company”) is a wholly-owned subsidiary of Fidelity Investments Life Insurance Company (“FILI”), which is a wholly-owned subsidiary of FMR LLC. The Company operates exclusively in the State of New York.

The Company issues and services certain variable and fixed annuity contracts and variable universal life policies. Amounts invested in the fixed option of the annuity contracts are allocated to the general account of the Company. Amounts invested in the variable option of the annuity contracts and variable universal life policies are allocated to the Variable Annuity Account and Variable Life Account respectively which are separate accounts of the Company. The assets of the Variable Annuity Account and Variable Life Account are invested in certain portfolios of the Fidelity Variable Insurance Product Funds (Initial Class), the Fidelity Variable Insurance Product Funds (Investor Class), the Morgan Stanley Variable Insurance Funds, Inc., the Allspring Variable Trust Funds, the Lazard Retirement Series, Inc., Invesco Advisers Inc., the PIMCO Variable Insurance Trust Funds, the Franklin Templeton Variable Insurance Products Trust Funds and the Blackrock Variable Series Funds. Separate account assets are reported at the net asset value of such portfolios.

The Company services a term life insurance product with level premium paying periods from ten to twenty years.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Basis of Presentation

The accompanying financial statements of the Company have been prepared on the basis of accounting principles generally accepted in the United States of America (“GAAP”).

The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the related amounts and disclosures in the financial statements. Actual results could differ from those estimates.

Effective January 1, 2025, the Company adopted Accounting Standard Update (“ASU”) 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (“LDTI”) which provides new guidance for insurance companies that issue long-duration insurance and annuity contracts. The guidance makes several changes including amendments to the assumptions used to measure liabilities for future policy benefits, measurement of market-based risk benefits, amortization of deferred acquisition costs and requires additional disclosures including disaggregated rollforwards of significant insurance liabilities and other account balances as well as disclosures about significant inputs, judgments, assumptions and methods used in measurement.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Adoption of Long Duration Targeted Improvements

The Company adopted the LDTI guidance effective January 1, 2025 with a transition date of January 1, 2023. The Company elected the modified retrospective basis for the liability for future policy benefits, deferred acquisition costs and related balances where permitted, and market risk benefits applied a retrospective transition approach as required. As a result of applying the guidance, results for 2024 and 2023 have been restated under the LDTI guidance.

The Company recorded a cumulative effect adjustment of $1,026 as a decrease to retained earnings and a cumulative effect adjustment of $1,030 as a decrease to accumulated other comprehensive income (“AOCI”) as of January 1, 2023, as shown below.


	Retained Earnings			Accumulated Other Comprehensive Income (AOCI)
Deferred Acquisition Costs
Adjustment for unrealized gains and other	$	(1,983	)	$	(2,787)
Reinsurance Receivables
Adjustment under the modified retrospective approach		5,976			—
Effect of remeasurement using current discount rate		—			2,426
Liability for Future Policy Benefits
Adjustment under the modified retrospective approach		348			—
Effect of remeasurement using current discount rate		—			(63)
Market Risk Benefits
Adjustment under the retrospective approach		(5,573	)		—
Adjustment for own credit risk		—			(880)
Other Assets		(67	)		—

Sub-total		(1,299	)		(1,304)
Tax		(273	)		(274)

Total	$	(1,026	)	$	(1,030)

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

The following details the transition adjustment to reconcile the ending asset or liability balances as of December 31, 2022, to the opening balance as of January 1, 2023 which is the earliest period presented within the financial statements for those balances impacted by LDTI with the associated disaggregated disclosure requirements.


Deferred Acquisition Costs

	Variable Annuities			Term and Other			Total
Balance as of December 31, 2022	$	65,980		$	313		$	66,293

Adjustment for unrealized gains and other		(4,539	)		(232	)		(4,771)

Balance as of January 1, 2023	$	61,441		$	81		$	61,522

Upon the adoption of LDTI for deferred acquisition costs, an adjustment to the opening balance of AOCI was recorded related to the reversal of unrealized gains and losses on investments and an adjustment to the opening balance of retained earnings for legacy balances.

Reinsurance Receivables


	Total
Balance as of December 31, 2022	$	24,691

Adjustment for modified retrospective approach		199

Effect of remeasurement at the current discount rate		2,426

Adjustment for reinsured market risk benefits		5,777


Balance as of January 1, 2023	$	33,093

Reinsurance receivables are measured in a manner consistent with the underlying reinsured contracts. Reinsurance receivables was updated to reflect certain cash flow assumption updates as an adjustment to the opening balance of retained earnings upon adoption of LDTI. Remeasurement of the reinsurance receivable at the current upper-medium grade fixed-income instrument yield, which was generally lower than the locked-in interest accretion rate, was reflected as an adjustment to the opening balance of AOCI upon the adoption of LDTI. The valuation of reinsured market risk benefits was reflected as an adjustment to the opening balance of retained earnings.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Liability for Future Policy Benefits


	Payout Annuities			Term and Other			Total
Balance as of December 31, 2022	$	39,683		$	3,959		$	43,642

Adjustment for modified retrospective approach		(7,819	)		(1,046	)		(8,866)

Reclassification from contract holder deposit funds		32,021			—			32,021

Effect of remeasurement at the current discount rate		70			(7	)		63

Balance as of January 1, 2023		63,955			2,905			66,860


Reconciling Items:
Deferred profit liability		8,517			—			8,517

Balance as of January 1, 2023	$	72,472		$	2,905		$	75,377

The impact of updating certain cash flow assumptions and measuring the liability for future policy benefits at the issue-year cohort level was reflected as an adjustment to the opening balance of retained earnings upon adoption of LDTI. The remeasurement of the liability at the current upper-medium grade fixed-income instrument yield, which was generally lower than the locked-in interest accretion rate, was reflected as an adjustment to the opening balance of AOCI upon the adoption of LDTI. In addition, the Company reclassified the fixed portion of certain life contingent income annuity products that was previously included in contract holder deposit funds to the Liability for future policy benefits upon adoption of LDTI.

Market Risk Benefits (“MRB”)


	Variable Annuities
Balance as of December 31, 2022	$	—

Adjustments for credit risk		880

Adjustment for remeasurement as MRB		5,573

Balance as of January 1, 2023	$	6,453

The valuation of contracts as MRBs was reflected as an adjustment to the opening balance of retained earnings (exclusive of credit risk changes). The cumulative effect of changes in the Company’s own credit risk between the original contract issue date and the transition date was recorded as an adjustment to AOCI.

The following tables presents amounts previously reported in 2024 and 2023, the effect on the amounts from adopting LDTI and the restated amounts for impacted line items reflected in the Financial Statements.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Balance Sheet


	As of December 31, 2024
(Impacted Lines Only)	As Originally Reported			Effect of Adopting LDTI			As Restated
Assets
Deferred policy acquisition costs	$	65,543		$	(7,655)		$	57,888
Reinsurance deposit and receivables		22,031			2,637			24,668
Market risk benefit asset		—			3,572			3,572
Income taxes receivable		1,032			32			1,064
Other assets		2,591			(69	)		2,522

Total Assets	$	4,326,297		$	(1,482	)	$	4,324,815


Liabilities
Liability for future policy benefits	$	37,499		$	27,108		$	64,607
Contract holder deposit funds		72,400			(27,728	)		44,672
Market risk benefit liability		—			4,705			4,705
Deferred tax liability, net		7,240			(1,195	)		6,045

Total Liabilities		4,156,941			2,890			4,159,831


Stockholder’s Equity
Accumulated other comprehensive (loss) income		(6,222	)		100			(6,122)
Retained earnings		160,078			(4,472	)		155,606

Total Stockholder’s Equity		169,355			(4,372	)		164,984

Total Liabilities and Stockholder’s equity	$	4,326,297		$	(1,482	)	$	4,324,815

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Statement of Comprehensive Income


				For the years ended December 31,
	2024									2023
(Impacted Lines Only)	As Originally Reported			Effect of Adopting LDTI			As Restated			As Originally Reported			Effect of Adopting LDTI			As Restated
Revenues
Interest on reinsurance deposit		1,043			(1,043	)		—			1,112			(1,112	)		—
Premiums and other, net		363			122			485			410			90			500

Total revenues	$	29,424		$	(921)		$	28,503		$	23,945		$	(1,021)		$	22,924

Benefits and Expenses
Underwriting, acquisition and insurance expenses	$	9,113		$	2,003		$	11,116		$	7,526		$	2,725		$	10,251
Contract and policy benefits and expenses		4,214			2,742			6,956			4,309			3,105			7,414
Liability for future policy benefits remeasurement (gain) loss		—			(3,617	)		(3,617	)		—			(4,360	)		(4,360	)
Market risk benefit remeasurement (gain) loss		—			181			181			—			(295	)		(295	)

Total benefits and expenses		13,327			1,309			14,636			11,835			1,175			13,010

Income before income taxes		16,097			(2,230	)		13,867			12,111			(2,197	)		9,914
Income tax expense		1,295			(461	)		834			5,542			(520	)		5,022

Net Income	$	14,802		$	(1,769	)	$	13,033		$	6,569		$	(1,677	)	$	4,892

Other comprehensive (loss) income, before tax:
Net unrealized investment (losses) gains during the period		(396	)		432			36			4,678			1,410			6,088
Changes in discount rate on the liability for future policy benefits		—			525			525			—			(1,401	)		(1,401	)

Changes in credit risk on market risk benefits		—			123			123			—			341			341
(Provision) benefit for income taxes related to items of other comprehensive (loss) income		(248	)		(226	)		(474	)		(1,784	)		(73	)		(1,857	)

Other comprehensive income (loss), net of tax		930			854			1,784			6,709			277			6,986

Comprehensive income (loss)	$	15,732		$	(915	)	$	14,817		$	13,278		$	(1,400	)	$	11,878

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Statements of Cash Flows


				For the years ended December 31,
	2024									2023
(Impacted Lines Only)	As Originally Reported			Effect of Adopting LDTI			As Restated			As Originally Reported			Effect of Adopting LDTI			As Restated
Cash flows provided by (used for) operating activities:
Net Income	$	14,802		$	(1,769)		$	13,033		$	6,569		$	(1,677)		$	4,892
Adjustments to reconcile net income to cash provided by operating activities:
Provision (benefit) for deferred taxes		(416	)		(461	)		(877	)		2,197			(489	)		1,708
Change in assets and liabilities:
Deferred policy acquisition costs, net of amortization		(330	)		2,003			1,673			(765	)		2,727			1,962
Market risk benefits remeasurement gain or loss, net		—			645			645			—			(5,501	)		(5,501	)
Liability for future policy benefits, net		7,244			(492	)		6,752			4,303			(74	)		4,229
Reinsurance deposit and receivables		1,883			80			1,963			776			5,040			5,816
Income taxes		(2,894	)		—			(2,894	)		1,925			(33	)		1,892
Other assets and other liabilities, net		(2,823	)		(6	)		(2,829	)		4,845			7			4,852

Net cash provided by operating activities	$	18,043		$	—		$	18,043		$	24,765		$	—		$	24,765

Investments

Investments in debt securities are classified as available-for-sale and are reported at fair value. Fair values for debt securities are obtained from independent pricing sources. Unrealized gains or losses on securities are reported as a component of other comprehensive income, net of income taxes. The discount or premium on debt securities, excluding loan-backed bonds and structured securities, is amortized using the effective interest method. Such amortization is included in investment income. Prepayment assumptions for loan-backed bonds and structured securities are obtained from broker-dealer survey values. Amortization of loan-backed bonds and structured securities includes anticipated prepayments over the estimated economic life of the security. When actual prepayments differ significantly from anticipated prepayments, the effective yield is recalculated to reflect actual payments to date and anticipated future payments and any resulting adjustment is included in investment income.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Investments (continued)

The Company evaluates available-for-sale investments that experience declines in fair value for impairment. Impairment related to credit losses on available-for-sale investments is recorded in the statements of comprehensive income with an offsetting allowance for credit losses, and the portion that is related to other factors is recorded as a component of AOCI. The Company considers many factors, including the extent to which the fair value is less than amortized cost and reasons for the decline in value (e.g., general credit spreads, the financial condition of the issuer, information from industry analyst reports and external credit ratings). If analysis of these factors results in a security needing to be impaired, the credit loss is measured as the extent amortized cost exceeds the present value of expected future cash flows. In addition to these factors, if the Company has the intent to sell an investment whose fair value is below amortized cost, or it is more likely than not that the Company will be required to sell an investment before recovery, the Company writes down the amortized cost to fair value and records an impairment loss in earnings.

Investment income is recognized on the accrual basis. Debt securities that are delinquent are placed on a non-accrual status, and thereafter interest income is recognized only when cash payments are received. Realized gains or losses on investments sold are determined by the specific identification method.

Cash and Cash Equivalents

Company considers highly liquid instruments purchased with an original maturity date of three months or less to be cash equivalents. Cash and cash equivalents comprise amounts in demand deposit accounts and money market mutual funds, and are reported at cost which approximates fair value. Money market mutual funds used to hold cash prior to reinvestment and to meet operating cash requirements were $8,404 and $12,953 at December 31, 2025, and 2024, respectively. The Company reclassifies cash overdrafts to Other liabilities and accrued expenses. Cash overdrafts were $540 and $1,519 at December 31, 2025, and 2024, respectively.

Separate Accounts

Separate account assets represent funds held for the exclusive benefit of variable annuity and variable life insurance contract holders and are reported at fair value based on the net asset value (“NAV”) of the underlying mutual fund portfolios. Since the contract holders receive the full benefit and bear the full risk of the separate account investments, the income and realized and unrealized gains and losses from such investments are offset by an increase or decrease in the amount of liabilities related to the separate account.

Revenue Recognition

Fees charged to contract holders include mortality and expense risk, administrative charges for variable annuity and life contract holders, and the cost of providing insurance protection for variable life contract holders. Fund administration fees represent administrative fees charged to investment managers. Fees charged to contract holders and fund administration fees are recognized ratably throughout the year as a percentage of the related separate account assets. Premiums for term life insurance products are recognized as revenue over the premium-paying period. Reinsurance expense allowances are recognized when earned.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Liability for Future Policy Benefits

The liability for future policy benefits (“LFPB”) represents the present value of expected future benefit payments to policyholders and related expenses less the present value of the net premiums for fixed income annuities with life contingency (limited-payment contracts or payout annuities) and term life insurance. Net premiums represent the net portion of gross premiums required to fund future benefit payments and are calculated using a net premium ratio. The reserves are computed using certain assumptions related to the discount rate and policyholder behavior including mortality and lapse which are based on the Company’s experience, industry results, emerging trends and future expectations. For purposes of the liability measurement, contracts are grouped into cohorts based primarily on issue year and product type.

Cash flow assumptions are established at contract issuance and incorporated in the calculation of the cohort’s net premium ratio. The net premium ratio and liability for future policy benefits are updated retrospectively for actual experience, whereas future cash flow assumptions are reviewed annually and updated if required or more frequently if actual experience suggests a revision is necessary. The Company locks in expense assumptions at issuance for each cohort.

The updated net premium ratio is used to compute a revised liability for future policy benefits at the beginning of the period, discounted using the same rate at contract issuance, and is then compared to the carrying amount of the liability as of that same date to determine the current period remeasurement gain or loss. The remeasurement gain or loss is recorded through current period earnings in “Liability for future policy benefits remeasurement gains and (losses)” in the Statements of Comprehensive Income.

If net premiums exceed gross premiums, the net premium ratio is capped at 100% by increasing the corresponding liability and recording a loss in the Statements of Comprehensive Income. In addition, the liability is never recorded at an amount less than zero for the cohort.

The discount rate is based on the assumed investment yield for contracts issued prior to January 1, 2023, unless there was a historical loss recognition that required premium deficiency reserves to be established with an updated discount rate. For contracts issued after January 1, 2023, the discount rate is based on the upper-medium grade fixed income instrument yield for which the Company used a corporate single A rate matched to the underlying duration of the insurance liability and has maximized the use of observable market data where available. The definition of upper medium grade is based on Moody’s definition which includes the spectrum of A (i.e., A- to A+). The discount rate for each cohort is locked-in for the purposes of interest accretion expense. However, the liability is remeasured using the current single A rate at each reporting period with the effect on the liability resulting from the update recorded in “Changes in discount rate on the liability for future policy benefits” as a component of AOCI.

In addition, for limited-payment contracts, the liability for future policy benefits also includes a deferred profit liability (“DPL”) representing gross premiums received in excess of net premiums. The DPL is recognized in the liability for future policy benefits and is amortized into income in relation to benefit payments for annuity contracts. When the premium ratio for the corresponding liability for future policy benefits liability is revised, the DPL is retrospectively recalculated from contract issuance to the current reporting period with the revised DPL at the beginning of the period recorded through “Liability for future policy benefits liability remeasurement gains and (losses)” in the Statements of Comprehensive Income.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Market Risk Benefits

Market risk benefits (“MRB”) represents contracts or contract features that provide protection to the contract holder and exposes the Company to other than nominal capital market risk. The Company provides death or withdrawal benefit guarantees contained in variable annuity contracts. These benefits are accounted for using a fair value measurement framework. Market risk benefits in an asset position are presented separately from those in a liability position as there is no legal right of offset between contracts. The fair value of market risk benefits is calculated as the present value of expected future benefit payments to contract holders less the present value of expected future fees attributable to the market risk benefits. The fair value of market risk benefits is based on assumptions a market participant would use in valuing market risk benefits. Changes in the fair value of market risk benefits are recorded in net income, in “Market risk benefit remeasurement gain or loss,” in the Statements of Comprehensive Income except for the portion of the change attributable to changes in the Company’s credit risk which is recorded in AOCI.

Contract Holder Deposit Funds

Policyholder account balances consist of annuity deposits received from customers for the fixed portion of the variable deferred annuity product and for fixed income annuities with no life contingencies. Liabilities are established in amounts sufficient to meet the estimated future obligations of policies in force and represent accumulated account deposits plus interest credited, less contract holder withdrawals and other charges assessed against the account balance.

Reinsurance Deposit and Receivables

The Company reinsures a substantial portion of its life insurance and annuity product risks with other companies. As a result, when the Company records liabilities that are subject to reinsurance, reinsurance deposits and receivables are recorded. The Company records reinsurance receivables in a manner consistent with the direct contract.

For limited-payment contracts and term life insurance, the Company applies a net premium ratio to measure the reinsurance receivables and groups cohorts consistent with the underlying reinsured contracts. The reinsurance receivable is remeasured using the current single A rate at each reporting period with the effect on the reinsurance receivable resulting from the update recorded in “Changes in discount rate on the liabilities for future policy benefits” as a component of AOCI. For reinsurance of limited-payment contracts, the Company establishes a cost of reinsurance asset related to the direct DPL which is recognized in “Reinsurance deposit and receivables” in the Consolidated Balance Sheets and is amortized into income using the same methodology and assumptions to amortize the direct DPL.

The Company reinsures certain guaranteed minimum death benefit and guaranteed minimum withdrawal benefit guarantees contained in variable annuity contracts which are MRBs. Reinsurance receivables for MRBs are recognized in a manner consistent with the underlying direct liabilities and measured at fair value which is recorded in net income in “Market risk benefits remeasurement gain or loss,” in the Consolidated Statements of Comprehensive Income inclusive the portion of the change attributable to changes in the reinsurer’s credit risk.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Reinsurance Deposit and Receivables (continued)

The Company remains contingently liable for claims reinsured in the event the reinsurer is unable to meet its obligations. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors concentration of credit risk arising from similar activities or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. Certain reinsurance counterparty exposure is partially held in collateral accounts which offers the Company additional protection and reduces the risk of loss to the Company that could result from failure of a reinsurer. The Company is subject to concentration of risk with respect to these reinsurance agreements.

Reinsurance deposits and receivables are recorded net of the allowance for credit losses. The allowance for credit losses represents management’s estimate of credit losses and considers the quality of the reinsurance counterparty using probability-of- default (“PD”) / loss-given-default (“LGD”) models. The PD estimate is determined based on similarly rated companies and the LGD estimate is based on management’s estimate assigned to each reinsurer. The estimate represents the expected economic loss of a reinsurer’s default. There are two primary factors which affect LGD, (i) the presence and amount of collateral backing the reinsurance counterparty credit, and (ii) whether the reinsurer is also a direct writer of insurance. Overall, the allowance for credit losses are affected by changes in the underlying reinsurance reserve credit which can fluctuate with market returns, policy persistency and policyholder mortality. The allowance for credit losses may vary due to (i) updates in assumed probabilities of default, (ii) the value of any collateral, (iii) changes in financial strength ratings of the reinsurance counterparty by various statistical rating agencies and (iv) other risk factors. Changes in the allowance for credit losses are recorded in the provision for credit losses in the Company’s Statements of Comprehensive Income.

Deferred Policy Acquisition Costs

Costs that vary with and are primarily associated with acquiring new and renewal business are deferred. The costs consist principally of first-year commissions paid to Fidelity Insurance Agency, Inc. in accordance with contractual agreements as described in Note 12 – Affiliated Company Transactions, and certain expenses for traditional life policy issuance and underwriting.

The Company amortizes deferred policy acquisition costs (“DAC”) by grouping contracts into cohorts based on issue year and product type consistent with the groupings used in estimating the related liabilities for contracts and amortize on a constant-level basis over the expected lifetime of the policy. The Company uses a measure as a basis for amortization that will result in a constant level amortization pattern for the expected life of the contract. Life insurance contracts are amortized in proportion to the face amount in-force. Variable deferred and variable payout annuities are amortized in proportion to policy count. Fixed payout annuities are amortized in proportion to the benefit payments.

If actual contract terminations differ from expectations, the amortization pattern is adjusted on a prospective basis. The Company uses various assumptions, estimates and judgments about the future which could impact inforce. The primary assumptions are mortality, and contract cancellations (i.e., lapses, withdrawals, internal replacements and surrenders) which are consistent with those used in estimating the liability for future contract benefits. These assumptions are reviewed on a regular basis and are generally based on the Company’s past experience, industry studies, and judgments about the future.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Deferred Policy Acquisition Costs (continued)

An internal replacement of an insurance and investment contracts is a modification in product benefits, features, rights or coverages that occurs by the exchange of a contract for a new contract, or by amendment, endorsement, or rider to a contract, or by the election of a feature or coverage within a contract. Modifications that result in a permanent contract that is substantially changed from the replaced contract is accounted for as an extinguishment of the replaced contract. DAC, unearned revenue liabilities and deferred sales inducements from contracts materially changed or replaced are written-off in the period changed or replaced. Modifications that result in a contract that is substantially unchanged from the replaced contract are accounted for as a continuation of the replaced contract.

The Company defines an internal replacement as a modification in product benefits, features, rights or coverages that occurs by the exchange of a contract, by amendment, endorsement or rider to the contract. Contract modifications resulting in a replacement contract that is substantially changed from the replaced contract is accounted for as an extinguishment of the replaced contract and any unamortized deferred acquisition costs are written off. There were no changes to the Company’s definition of internal replacements or changes in product benefits, features, rights or coverage during 2025, 2024, or 2023.

Property and Equipment

Property, equipment, and computer software are stated at cost less accumulated depreciation or amortization. Depreciation or amortization is provided using the straight-line method over the estimated useful lives of the asset, generally three years.

Income Taxes

The Company files a consolidated federal income tax return with FILI. Under a tax sharing agreement, each company is charged or credited its share of taxes as determined on a separate company basis. Tax benefits are credited with respect to taxable losses to the extent such losses are utilized by the consolidated group. Intercompany tax balances are settled within 30 days of the actual tax payment.

The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using the current enacted tax rates.

The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance if necessary to reduce the deferred tax assets to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance, the Company considers available positive and negative evidence including nature and tax characteristic of taxable temporary differences and the timing of their reversal, projected future taxable income, tax planning strategies, and results of recent operations. Although realization is not assured, management believes it is more likely than not that the deferred tax assets, net of valuation allowances, will be realized. The Company adjusts the valuation allowance if there is a change in management’s assessment of the amount of the deferred tax assets that are more likely than not to be realized.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

Income Taxes (continued)

The Company recognizes the benefit of uncertain tax positions only when the position is more-likely-than-not to be sustained upon review by taxing authorities.

Adoption of Accounting Pronouncements

The FASB issued new guidance that improves income tax disclosures primarily related to a company’s effective tax rate reconciliation and income taxes paid. The Company adopted the guidance effective January 1, 2025 on a prospective method. Adoption resulted in additional disclosures in the Notes to the Financial Statements.

Reclassifications

Certain prior year balances have been reclassified to conform to the current year presentation.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

3. LIABILITY FOR FUTURE POLICY BENEFITS:

The balances and changes in the present value for expected future policy benefits for payout annuities were as follows:


	Year ended December 31,
	2025			2024			2023

Present value of expected future policy benefits
Beginning balance	$	54,537		$	60,527		$	64,004
Effect of changes in discount rate assumptions		(350	)		(1,658	)		(70	)

Beginning balance at original discount rate		54,187			58,869			63,934

Effect of changes in cash flow assumptions		(775	)		(160	)		(157	)
Effect of actual experience to expected experience		(253	)		147			118

Adjusted balance		53,159			58,856			63,895

Issuances		3,504			866			625
Interest accrual		2,528			2,596			2,730
Benefit payments		(7,993	)		(8,131	)		(8,381	)

Ending balance at original discount rate		51,198			54,187			58,869

Effect of changes in discount rate assumptions		1,905			350			1,658

Ending balance	$	53,103		$	54,537		$	60,527

Net liability for future policy benefits		53,103			54,537			60,527
Less: Reinsurance recoverables		16,881			18,021			19,774

Net liability for future policy benefits after reinsurance recoverable	$	36,222		$	36,516		$	40,753

Weighted-average liability duration (in years)		5.13			5.38			5.76
Weighted-average interest accretion rate		4.9	%		4.7	%		4.5	%
Weighted-average current discount rate		4.9	%		5.3	%		4.9	%

	For Years Ended December 31,
	2025			2024			2023

Expected future benefit payments - undiscounted	$	71,184		$	76,563		$	83,732

Expected future gross premiums - undiscounted		—			—			—

Expected future benefit payments - discounted (current)		53,103			54,537			60,527

Expected future gross premiums - discounted (current)		—			—			—

The Company updated actuarial assumptions during 2025, 2024 and 2023 respectively. The impact of changes in cash flow assumptions and actual versus expected experience resulted in a $1,028 decrease, $13 decrease, and $38 decrease in the LFPB for 2025, 2024 and 2023, respectively due to favorable updates to mortality assumptions.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

3. LIABILITY FOR FUTURE POLICY BENEFITS (CONTINUED):

The amount of gross premiums or assessments and interest expense was as follows:


	Gross Premiums or Assessments Year ended December 31,						Interest Expense Year ended December 31,
	2025		2024		2023		2025		2024		2023
Payout Annuities	$	3,504	$	866	$	625	$	2,528	$	2,596	$	2,730

The following summarizes the liability for future policy benefits reported in the balance sheet:


	December 31

	2025		2024

Payout Annuities	$	53,103	$	54,537

Reconciling items:

Deferred profit liability		7,540		7,428

Life insurance and Other		2,361		2,642

Liability for Future Policy Benefits	$	63,004	$	64,607

4. CONTRACT HOLDER DEPOSIT FUNDS:

Contract holder deposit funds include policyholder account balances related to contracts without significant insurance risk and investment contracts.

The balances and changes in contract holder deposit funds for variable deferred annuities were as follows:


	Year ended December 31,
	2025			2024			2023


Beginning balance	$	44,623		$	52,519		$	60,978

Policy charges		(3	)		(4	)		(4	)

Surrenders and withdrawals		(2,669	)		(5,676	)		(9,414	)

Benefit payments		(605	)		(1,442	)		(437	)

Net transfers from (to) separate account		(535	)		(2,458	)		(564	)

Interest credited		1,269			1,684			1,960

Ending Balance	$	42,080		$	44,623		$	52,519

Weighted average crediting rate		3.5	%		3.5	%		3.5	%

Net amount of risk	$	11,600		$	12,427		$	13,347

Cash surrender value	$	42,080		$	44,623		$	52,519

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

4. CONTRACT HOLDER DEPOSIT FUNDS (CONTINUED):

The account balances by range of guaranteed minimum interest crediting rate (“GMIR”) and the related range of difference between the rates credited to policyholders and the respective GMIR for variable deferred annuities were as follows.


December 31, 2025

Range of guaranteed minimum crediting rate	At guaranteed minimum		1 to 50 basis points above		51 to 150 basis points above		Greater than 150 basis points above		Total
Less than 2%	$	—	$	—	$	—	$	—	$	—

2% to 4%		42,080		—		—		—		42,080

Greater than 4%		—		—		—		—		—

Total	$	42,080	$	—	$	—	$	—	$	42,080


December 31, 2024

Range of guaranteed minimum crediting rate	At guaranteed minimum		1 to 50 basis points above		51 to 150 basis points above		Greater than 150 basis points above		Total
Less than 2%	$	—	$	—	$	—	$	—	$	—

2% to 4%		44,623		—		—		—		44,623

Greater than 4%		—		—		—		—		—

Total	$	44,623	$	—	$	—	$	—	$	44,623

The following tables summarize the amounts reported in the balance sheets:


	December 31
	2025		2024

Deferred annuities	$	42,080	$	44,623
Reconciling item: other		45		49

Contract holder deposit funds	$	42,125	$	44,672

5. MARKET RISK BENEFITS:

The Company has certain variable annuity contracts with a guaranteed minimum death benefit (“GMDB”) feature. The GMDB feature provides annuity contract holders with a default guarantee that the benefit received at death will be no less than a prescribed minimum amount. Upon death of the annuitant prior to age 85, the death benefit is the greater of the contract value and total premiums, adjusted for withdrawals. For an additional charge, the death benefit is the greater of the default guaranteed death benefit and the highest contract value as of any prior anniversary, prior to age 80, adjusted for any additional payments or withdrawals. The optional rider is no longer offered to new customers, effective January 1, 2003. If the GMDB is higher than the current account value at the time of death, the Company incurs a cost equal to the difference. The Company’s current variable annuity contract does not offer a GMDB feature.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

5. MARKET RISK BENEFITS (CONTINUED):

The Company issued a variable annuity contract with a guaranteed minimum withdrawal benefit (“GMWB”) feature. The GMWB feature provides annuity contract holders with withdrawal payments that are guaranteed for life. The withdrawal feature allows for guaranteed withdrawals beginning with age 59¹⁄₂ for the life of the contract holder based on a preset withdrawal percentage of the guaranteed withdrawal benefit (“GWB”) value as defined in the contract. The contract holder is eligible to take the withdrawal benefit each year until there is no longer any living annuitant. The GWB value is initially set equal to the purchase payment and is ratcheted up to the contract value on each anniversary until the oldest annuitant’s 85th birthday. The GWB value is reduced by (i) withdrawals if the youngest annuitant is under age 59¹⁄₂ or (ii) withdrawals in excess of the GWB amount if the youngest annuitant has reached age 59¹⁄₂.

Contracts or contract features such as GMDB and GMWB that provide protection to the policyholder from and expose the Company to other-than-nominal capital market risk are classified as MRB. MRBs are classified as Level 3 fair value measurements as the fair value is based on unobservable inputs. The Company uses a non-option valuation model for calculating the fair value of the MRBs where key assumptions are market assumptions such as equity market returns, interest rate levels, market volatility, mortality and policyholder behavior assumptions such as lapse, rider utilization and withdrawal patterns. Risk margins are included in the mortality and policyholder behavior assumptions. The assumptions are based on a combination of historical data and actuarial judgment.

MRBs are valued using models that incorporate a spread reflecting the Company’s own credit risk (i.e. non-performance risk). The assumption for the Company’s own credit risk for MRBs is based on a standard index for credit default swaps (“CDX”) as a basis for calculating the instrument specific credit risk which is an observable input as the Company has no debt in the market. The Company may adjust the CDX trends based on actuarial judgement and analysis, such as benchmarking to a group of peer companies’ spreads to the CDX. Increases (decreases) in the Company’s own credit risk, which impacts the rates used to discount future cash flows, could lead to favorable (unfavorable) changes in the fair value of the MRBs. The Company uses risk-neutral scenarios to project the change in value of the associated account value and the discount rate used in the discounted future cash flows valuation. Changes in various assumptions such as the amount of claims, market volatility, mortality rates, lapse rates or utilization rate assumptions could cause a favorable (unfavorable) change in the fair value of the MRBs.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

5. MARKET RISK BENEFITS (CONTINUED):

The balances and changes in the net market risk benefit were as follows:


	Year ended December 31,

	2025			2024			2023

Beginning balance	$	1,133		$	611		$	6,453
Effect of changes in own credit risk		(416	)		(539	)		(880	)

Beginning balance before changes in own credit risk		717			72			5,573
Interest accrual		58			21			356
Benefit payments		987			1,069			992
Effect of changes in interest rates and equity markets		(1,836	)		(128	)		(6,482	)
Effect of changes in other future expected assumptions		(169	)		(318	)		(367	)

Ending balance before changes in own credit risk		(243	)		717			72
Effect of changes in own credit risk		274			416			539

Ending balance		31			1,133			611
Less reinsurance recoverable		45			1,034			570

Ending balance, net of reinsurance recoverable	$	(15	)	$	99		$	41


Net amount at risk ¹
GMWB		96,948			143,798			370,083
GMDB		—			2,175			2,435
Attained Age ²
GMWB		82			81			81
GMDB		74			74			73

¹	For GMWB, defined as the GMWB Benefit Base less the Account Value, floored at 0

For GMDB, defined as the GMDB Benefit (ROP or Ratchet) less the Account Value, floored at 0

²	Weighted average attained age of contract holders in years, weighted by account value

The following table summarizes the MRB amounts reported in the Balance Sheets as of December 31:


	2025						2024

	Asset		Liability		Net Asset (Liability)		Asset		Liability		Net Asset (Liability)

Variable Annuities	$	3,740	$	3,771	$	(31)	$	3,572	$	4,705	$	(1,133)

Total	$	3,740	$	3,771	$	(31)	$	3,572	$	4,705	$	(1,133)

Market risk benefits are measured at fair value on a recurring basis and reflected in Level 3 as either an asset or liability. The key assumptions for calculating MRBs include market, discount rate and policyholder behavior. The assumptions are based on a combination of historical data and actuarial assumptions. Risk margins are included in mortality and policyholder behavior assumptions. In addition, MRBs reflect a spread to reflect the Company’s own credit risk.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

5. MARKET RISK BENEFITS (CONTINUED):

The fair value measurement of MRBs uses certain significant unobservable inputs as follows:


	December 31,
	2025				2024
	Range of Inputs	Weighted Average			Range of Inputs	Weighted Average
Equity market volatility ⁽¹⁾	13.4% - 33.7%		22.3	%	11.6% - 37.8%		22.1	%

Discount rate ⁽²⁾	(2.8%) - 17.6%		5.9	%	(2.3%) - 26.9%		5.7	%

Own credit risk	0.7%		0.7	%	0.7%		0.7	%

Lapse rate	3.8% - 5.4%		5.2	%	4.4% - 6.0%		5.8	%

Mortality rate	.01% - 27.2%		2.6	%	.02% - 15.5%		2.1	%

⁽¹⁾ Equity market volatility represents the estimated annualized variability of equity returns based on risk-neutral scenarios. For each equity index, scenario-level average annualized volatilities are calculated over projection horizon across the full set risk-neutral scenarios. Index-level ranges reflect the minimum and maximum of these scenario-level averages, and index-level weighted averages represent the simple average across scenarios. The final disclosed ranges and weighted-average equity volatility are determined by aggregating the index-level results across equity indices, weighted by the associated account value exposure.

⁽²⁾ Discount rate assumptions represent risk-free interest rates derived from risk-neutral scenarios. The range of inputs reflects the minimum and maximum of scenario-level average annual discount rates across the full set of risk-neutral scenarios over the projection horizon. The weighted-average discount rate represents the simple average of the scenario-level average annual rates.

6. SEPARATE ACCOUNTS:

The balances and changes in separate account liabilities for the years ended December 31, are as follows:


	For the Year Ended December 31,
	2025			2024			2023

Beginning balance	$	4,029,675		$	3,596,055		$	3,188,070

Premiums and deposits		90,064			105,249			91,936

Policy charges		(12,419	)		(12,130	)		(10,717	)

Surrenders and withdrawals		(256,387	)		(255,625	)		(245,716	)

Benefit payments		(30,609	)		(26,629	)		(25,410	)

Investment performance		614,751			621,417			599,189

Net transfer to (from) general account and other		(3,950	)		(1,338	)		(1,297	)

Ending balance	$	4,431,125		$	4,029,675		$	3,596,055


Cash surrender value	$	4,355,742		$	3,960,108		$	3,533,113

There were no transfers of assets, other than cash, from the general account to a separate account; therefore, no gains or losses were recorded for the years ended December 31, 2025, 2024 and 2023.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

6. SEPARATE ACCOUNTS (CONTINUED):

The Company has certain variable annuity products with guaranteed minimum death benefit or guaranteed minimum withdrawal benefit feature that is classified as MRB. The MRB is valued and presented separately from the related separate accounts balances. Refer to Note 5, Market Risk Benefits.

The following table summarizes the separate account amounts reported in the Balance Sheets:


	As of December 31,
	2025		2024

Variable Annuities	$	4,431,125	$	4,029,675

Reconciling item: Variable Life		1,705		1,473

Total	$	4,432,830	$	4,031,148

The aggregate fair value of assets, by major investment asset category, supporting the variable annuities separate accounts is as follows:


	As of December 31,
	2025		2024

Mutual Funds

Equity	$	3,078,636	$	2,786,781

Fixed Income		330,265		308,280

Asset Allocation		737,751		681,799

Money Market		284,473		252,815

Total	$	4,431,125	$	4,029,675

7. DEFERRED ACQUISITION COSTS:

The balances and changes in variable annuities DAC were as follows for the years ended December 31:


	2025			2024			2023

Beginning balance	$	57,784		$	59,423		$	61,441

Capitalization		2,724			3,134			2,752

Amortization		(4,825	)		(4,773	)		(4,770)

Ending balance	$	55,683		$	57,784		$	59,423

The following table summarizes the DAC amounts reported in the balance sheet:


	December 31,
	2025		2024

Variable Annuities	$	55,683	$	57,784

Reconciling items:

Term and other		68		104

Total	$	55,751	$	57,888

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

8. INVESTMENTS:

The components of net investment income were as follows:


	Years Ended December 31,
	2025		2024		2023

Debt securities	$	7,923	$	7,495	$	6,898
Cash and cash equivalents		603		439		434
Other income		3		2		2

Total investment income		8,529		7,936		7,334
Less: investment expenses		745		342		665

Net investment income	$	7,784	$	7,594	$	6,669

Gross realized gains and losses from sales of debt securities were as follows:


	Years Ended December 31,
	2025			2024			2023

Debt securities:
Gross realized gains	$	395		$	370		$	123
Gross realized losses		(931	)		(1,944	)		(3,938	)

Total realized investment gains	$	(536)		$	(1,574)		$	(3,815)

There were no realized investment losses as a result of impairments in 2025, 2024 or 2023. There were no debt securities that were non-income producing for 2025, 2024 or 2023, respectively. There was no interest foregone by non-income producing securities for 2025, 2024, and 2023, respectively.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

8. INVESTMENTS (CONTINUED):

Debt securities, without an allowance for credit losses, that have been in a continuous unrealized loss position as of December 31, 2025 were as follows:


	2025

	Less than twelve months							Twelve months or more							Total

	Estimated Fair Value		Gross Unrealized Losses			Number of Securities		Estimated Fair Value		Gross Unrealized Losses			Number of Securities		Estimated Fair Value		Gross Unrealized Losses			Number of Securities

	(in thousands)
Investment grade debt securities:

U.S. Treasury and U.S. Government agency securities	$	3,469	$	(19)			5	$	6,979	$	(176)			4	$	10,448	$	(195)		$	9

States and political subdivisions		—		—			—		1,263		(202	)		5		1,263		(202	)		5

Corporate debt securities		5,258		(142	)		26		62,773		(4,007	)		243		68,031		(4,149	)		269

Mortgage and asset backed securities		119		(1	)		3		29		(2	)		1		148		(3	)		4

Total	$	8,846	$	(162	)	$	34	$	71,044	$	(4,387	)	$	253	$	79,890	$	(4,549	)		287


Below Investment grade debt securities:

U.S. Treasury and U.S. Government agency securities	$	—	$	—		$	—	$	—	$	—		$	—	$	—	$	—		$	—

States and political subdivisions		—		—			—		—		—			—		—		—			—

Corporate debt securities		33		—			1		—		—			—		33		—			1

Mortgage and asset backed securities		—		—			—		—		—			—		—		—			—

Total	$	33	$	—			1	$	—	$	—			—	$	33	$	—			1

The Company believes that declines in the fair value of the securities above were not indicative of credit impairment as of December 31, 2025. The Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. The securities are investment grade debt securities with average fair values of 94% of amortized cost at December 31, 2025.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

8. INVESTMENTS (CONTINUED):

Debt securities that have been in a continuous unrealized loss position as of December 31, 2024, were as follows:


	2024

	Less than twelve months							Twelve months or more							Total

	Estimated Fair Value		Gross Unrealized Losses			Number of Securities		Estimated Fair Value		Gross Unrealized Losses			Number of Securities		Estimated Fair Value		Gross Unrealized Losses			Number of Securities

	(in thousands)
Investment grade debt securities:

U.S. Treasury and U.S. Government agency securities	$	31,810	$	(817)			20	$	5,705	$	(470)			5	$	37,515	$	(1,287)		$	25
States and political subdivisions		—		—			—		1,234		(249	)		5		1,234		(249	)		5
Corporate debt securities		21,765		(283	)		66		86,219		(7,797	)		336		107,984		(8,080	)		402
Mortgage and asset backed securities		118		(3	)		3		30		(4	)		1		148		(7	)		4

Total	$	53,693	$	(1,103)			89	$	93,188	$	(8,520)			347	$	146,881	$	(9,623)			436

Below Investment grade debt securities:
U.S. Treasury and U.S. Government agency securities	$	—	$	—		$	—	$	—	$	—		$	—	$	—	$	—		$	—
States and political subdivisions		—		—			—		—		—			—		—		—			—
Corporate debt securities		—		—			—		—		—			—		—		—			—
Mortgage and asset backed securities		—		—			—		—		—			—		—		—			—

Total	$	—	$	—			—	$	—	$	—			—	$	—	$	—			—

The Company believes that declines in the fair value of the securities above were not indicative of credit impairment as of December 31, 2024. The Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. The securities are investment grade debt securities with average fair values of 94% of amortized cost at December 31, 2024.

The allowance for credit losses was zero as of December 31, 2025 and 2024, respectively. There were no additions, write offs, and recoveries to the allowance for credit losses during 2025 and 2024.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

8. INVESTMENTS (CONTINUED):

The amortized cost and fair value of debt securities by type of issuer as of December 31, 2025, were as follows:


	December 31, 2025

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Gross Unrealized Losses - OTTI		Estimated Fair Value
Debt securities:

U.S. Treasury and U.S. Government agency securities	$	40,032	$	406	$	(195	)	$	—	$	40,243

States and political subdivisions		1,464		—		(202	)		—		1,262

Corporate and other debt securities		153,855		2,492		(4,149	)		—		152,198

Mortgage and asset backed securities		286		3		(3	)		—		286

Total debt securities	$	195,637	$	2,901	$	(4,549	)		—	$	193,989

The amortized cost and fair value of debt and equity securities by type of issuer as of December 31, 2024, were as follows:


	December 31, 2024

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Gross Unrealized Losses - OTTI		Estimated Fair Value
Debt securities:

U.S. Treasury and U.S. Government agency securities	$	42,744	$	28	$	(1,287	)	$	—	$	41,485

States and political subdivisions		1,483		—		(249	)		—		1,234

Corporate and other debt securities		151,501		773		(8,080	)		—		144,194

Mortgage and asset backed securities		292		2		(7	)		—		287

Total debt securities	$	196,020	$	803	$	(9,623	)		—	$	187,200

During 2025 and 2024, the Company recorded no impairments for the portion of noncredit related losses in other comprehensive income.

Proceeds from sales of available-for-sale investments (excluding proceeds from calls and maturities) were $45,600, $54,954 and $62,275 in 2025, 2024 and 2023, respectively.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

8. INVESTMENTS (CONTINUED):

The amortized cost and fair value of debt securities at December 31, 2025, by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.


	December 31, 2025
	Amortized Cost		Estimated Fair Value

Due in 1 year or less	$	15,589	$	15,496

Due after 1 year through 5 years		100,003		100,244

Due after 5 years through 10 years		68,107		67,338

Due after 10 years		11,652		10,625

Mortgage and asset backed securities		286		286

	$	195,637	$	193,989

At December 31, 2025, and 2024, there were no contractual investment commitments. There were no significant concentrations of debt securities by issuer or by industry, other than U.S. Treasury securities and Financial & Banking securities.

At December 31, 2025, the amortized cost and fair value of securities on deposit with various state and governmental authorities was $384 and $386 respectively. At December 31, 2024, the amortized cost and fair value of securities on deposit with various state and governmental authorities was $400 and $395 respectively.

9. FAIR VALUE MEASUREMENTS:

The Company categorizes the financial assets and liabilities carried at fair value in its balance sheets based upon a three-level valuation hierarchy. The Company carries the following financial instruments at fair value in the Company’s financial statements: debt securities, cash equivalents such as money market funds, market risk benefits and separate account assets. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable valuation inputs (Level 3). If the inputs used to measure a financial asset or liability cross different levels of the hierarchy, categorization is based on the lowest level input that is significant to the fair value measurement.

Management’s assessment of the significance of a particular input to the overall fair value measurement of a financial asset or liability requires judgment, and considers factors specific to the asset or liability. The three levels are described below:

•

Level 1 – Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets and liabilities in an active market.

•

Level 3 – Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable in the market and significant to the overall fair value measurement. These inputs reflect management’s judgment about the assumptions that a market participant would use in pricing the asset or liability and are based on the best available information, some of which is internally developed.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

9. FAIR VALUE MEASUREMENTS (CONTINUED):

The Company’s available-for-sale debt securities generally use Level 2 inputs for the determination of fair value. These fair values are obtained primarily from industry-standard pricing methodologies based on market observable information. The fair value of U.S. Treasury debt securities is based on quoted prices in active markets that are readily and regularly obtainable and are reflected in Level 1. While the Company obtains values for the debt securities it holds from independent pricing services, it is ultimately management’s responsibility to determine whether the value obtained and recorded to the financial statements are representative of fair value.

Cash equivalents are reported at fair value on a recurring basis and include money market instruments. Fair values of these cash equivalents may be determined using public quotations which are reflected in Level 1.

Market risk benefits are measured at fair value and reflected in Level 3 as either an asset or liability. The significant inputs to the fair value measurement is described in Note 5, Market Risk Benefits.

Separate account assets are invested in mutual funds whose value is based on the underlying net asset value of these funds. Open ended mutual funds in the Separate Account produce a daily NAV that is validated with a sufficient level of observable activity to support classification of the fair value measurement as Level 1.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

9. FAIR VALUE MEASUREMENTS (CONTINUED):

The following fair value hierarchy table presents information about the Company’s assets measured at fair value on a recurring basis as of:


	December 31, 2025
	Quoted Market Prices in Active Markets (Level 1)		Pricing Methods with Significant Observable Market Inputs (Level 2)		Pricing Methods with Significant Unobservable Market Inputs (Level 3)		Total Estimated Fair Value
Assets:
Available-for-sale debt securities:
U.S. Treasury and U.S Government Agency securities	$	40,243	$	—		—	$	40,243
States and political subdivisions		—		1,262		—		1,262
Corporate and other debt securities		—		152,198		—		152,198
Mortgage and asset backed securities		—		286		—		286

Total available-for-sale debt securities		40,243		153,746		—		193,989
Cash equivalents		8,404		—		—		8,404
Market risk benefit asset		—		—		3,740		3,740
Separate account assets		4,432,830		—		—		4,432,830

Total	$	4,481,477	$	153,746	$	3,740	$	4,638,963

Liabilities:
Market risk benefit liability		—		—		3,771		3,771

Total	$	—	$	—	$	3,771	$	3,771


	December 31, 2024
	Quoted Market Prices in Active Markets (Level 1)		Pricing Methods with Significant Observable Market Inputs (Level 2)		Pricing Methods with Significant Unobservable Market Inputs (Level 3)		Total Estimated Fair Value
Assets:
Available-for-sale debt securities:
U.S. Treasury and U.S Government Agency securities	$	41,485	$	—		—	$	41,485
States and political subdivisions		—		1,234		—		1,234
Corporate and other debt securities		—		144,194		—		144,194
Mortgage and asset backed securities		—		287		—		287

Total available-for-sale debt securities		41,485		145,715		—		187,200
Cash equivalents		12,953		—		—		12,953
Market Risk Benefit Asset		—		—		3,572		3,572
Separate account assets		4,031,148		—		—		4,031,148

Total	$	4,085,586	$	145,715	$	3,572	$	4,234,873

Liabilities:
Market risk benefit liability		—		—		4,705		4,705

Total	$	—	$	—	$	4,705	$	4,705

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

9. FAIR VALUE MEASUREMENTS (CONTINUED):

There were no Level 3 assets held by the Company during 2025 or 2024. There were no transfers into or out of Level 3 during 2025 or 2024.

Financial Instruments Not Carried at Fair Value

Certain financial instruments are not required to be measured at fair value in the financial statements but are disclosed if it is practicable to estimate such values.

The following include disclosures for other financial instruments not carried at fair value and not included in the above discussion:


	December 31, 2025				December 31, 2024

	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial Assets:
Policy loans		43		43		41		41
Reinsurance deposit and receivables		22,392		22,392		24,668		24,668

	$	22,435	$	22,435	$	24,709	$	24,709

Financial Liabilities:
Contract holder deposit funds	$	42,125	$	42,125	$	44,672	$	44,672

The following methods and assumptions were used to estimate the fair value of each class of financial instruments:

Policy Loans

Policy loans are carried at outstanding principal balances, not in excess of policy cash surrender value. These loans are an integral part of the insurance products and have no maturity dates. Consequently, the outstanding principal balance is considered to be a reasonable estimate of the fair value of policy loans.

Contract Holder Deposit Funds

The fixed portion of variable deferred annuity products is carried at account value and can be withdrawn without prior notice pursuant to the terms of the annuity contract. The fixed portion of variable deferred annuity products is an integral part of the contract, and consequently the account value is considered to be a reasonable estimate of the fair value of the contract.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

10. INCOME TAXES:

The components of the provision for income taxes attributable to operations were as follows:


	Years Ended December 31,

	2025			2024			2023
Current:
Federal	$	2,203		$	1,693		$	3,305
State		19			18			9

	$	2,222		$	1,711		$	3,314

Deferred:
Federal	$	(1,974	)	$	(877	)	$	1,708
State		—			—			—

	$	(1,974)		$	(877	)	$	1,708


Income tax expense	$	248		$	834		$	5,022

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Life insurance corporations in New York remain subject to a franchise tax. However, for tax years beginning on or after January 1, 2003, in no event may the franchise tax on life insurance corporations, computed prior to the application of tax credits, be less than 1.5% of premiums or more than 2.0% of premiums. Accordingly, state deferred taxes are no longer recorded for the Company as it believes that the reversal of temporary differences will have no impact on the state income tax that it will pay in the future.

Significant components of the Company’s net deferred tax liability were as follows:


	Years Ended December 31,

	2025			2024

Deferred income tax assets (liabilities):

Deferred policy acquisition costs	$	(8,625)		$	(9,110)

Unrealized losses on available-for-sale securities		346			1,852

Contract holder reserves		3,271			2,938

Contract holder reserves - TCJA Transition Adjustment		—			64

Deferred revenue		35			65

Capital loss carryforward		786			678

Other, net		1			(2	)

Net deferred tax liability before valuation allowance		(4,186	)		(3,515	)

Valuation allowance		(1,131	)		(2,530	)

Net deferred tax liability after valuation allowance	$	(5,317	)	$	(6,045	)

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

10. INCOME TAXES (CONTINUED):

The Company recorded a deferred tax asset of $1,131 and $2,530 related to net unrealized losses on available-for-sale securities and capital loss carryforwards as of December 31, 2025 and 2024, respectively. The capital loss carryforwards can be used to offset taxable capital gains income in the future but will expire if they are not used within certain prescribed periods. The Company concluded that it was more likely than not that it will not have sufficient taxable capital gains income in the future to realize the net unrealized losses on available-for-sale securities and capital loss carryforwards. Accordingly, the Company recorded a valuation allowance of $1,131 and $2,530 as of December 31, 2025 and 2024, respectively.

A reconciliation of the tax provision at the U.S. Federal statutory rate to the provision for income taxes is as follows:


	Years Ended December 31,
	2025			2024			2023

Tax provision at U.S. Federal statutory rate	$	3,506		$	2,932		$	2,082

Provision to Return		(87	)		(742	)		735

Dividends received deduction		(1,555	)		(1,352	)		(302	)

(Decrease) increase valuation allowance		(1,398	)		(21	)		2,551

Other, net		(218	)		17			(44	)

Income Tax expense	$	248		$	834		$	5,022

The Company paid FILI federal income taxes of $1,640, $4,606, and $1,420 in 2025, 2024, and 2023 respectively, related to the Company’s separate-company basis. The Company paid state income taxes of $0 in 2025, 2024 and 2023 respectively.

The Company recognizes uncertain tax provisions that have a greater than 50% likelihood of being sustained upon examination by the taxing authorities. As a result, the Company applies a more-likely-than-not recognition threshold for all tax uncertainties. The Company’s management believes that adequate provision has been made in the financial statements for any potential tax uncertainties.

The Inflation Reduction Act of 2022 (“IRA”) was enacted by the U.S. Government on August 16, 2022 and includes a new corporate alternative minimum tax (“CAMT”) effective January 1, 2023. The CAMT applies to corporations based on their affiliated group basis and requires computing the U.S. federal income tax liability under the regular corporate tax system and the CAMT. The Company did not have any CAMT liability as of December 31, 2025.

Currently, the Company only files income tax returns in the United States. The Company is not currently under examinations and is no longer subject to U.S. federal or state tax examinations for years before 2022. The Company is not currently under examination for the income tax filings in any other jurisdictions. The Company believes that its income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustment that will result in a material adverse effect on the Company’s financial condition, results of operations, or cash flows. Therefore, no reserves for uncertain tax positions have been recorded. The Company does not anticipate any significant changes to its total unrecognized tax benefits within the next 12 months.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

11. STOCKHOLDER’S EQUITY AND DIVIDEND RESTRICTIONS:

Generally, the net assets of the Company available for payment as dividends to FILI are limited to the excess of the Company’s net assets, as determined in accordance with statutory accounting practices, over minimum statutory capital requirements; however, payments of such amounts as dividends may be subject to approval by regulatory authorities. Under New York State Insurance Laws, dividends to shareholders are limited to the lesser of the Company’s net gain from operations for the year ended on the preceding December 31, or 10% of the Company’s surplus held for policyholders as of the preceding December 31. The Company paid a dividend of $11,000, $9,000 and $10,000 to FILI during 2025, 2024 and 2023 respectively.

The Company prepares its statutory financial statements in accordance with accounting practices prescribed or permitted by the New York State Insurance Department which vary with GAAP in certain respects. Prescribed statutory accounting practices include publications of the National Association of Insurance Commissioners, as well as state laws, regulations and general administrative rules. The principal differences with GAAP are that statutory financial statements do not reflect DAC, recognition of deferred income tax assets are limited, bonds are generally carried at amortized cost, insurance liabilities are presented net of reinsurance assets, and future policy benefit liabilities are estimated using different actuarial assumptions. The Company does not rely on the use of any permitted statutory accounting practices.

Net income and capital and surplus as determined in accordance with statutory accounting practices were as follows:


	Years Ended December 31,
	(Unaudited)		(Audited)		(Audited)
	2025		2024		2023
Statutory net income	$	18,600	$	14,547	$	9,151

Statutory surplus	$	121,450	$	113,866	$	108,769

12. AFFILIATED COMPANY TRANSACTIONS:

The Company has a services agreement with Fidelity Investments Institutional Operations Company LLC and Fidelity Distributors Company LLC, both wholly-owned subsidiaries of FMR LLC, under which the Company provides certain shareholder account services (recordkeeping and customer reporting, customer support, and preparing/distributing marketing materials) with respect to Investor Class shares of the Fidelity Variable Insurance Product Funds. The Company earned fees of $9,977, $9,375 and $8,214 in 2025, 2024 and 2023, respectively, under these agreements. These fees are included in Fund administration fees in the Statements of Comprehensive Income.

The Company’s insurance contracts are distributed through Fidelity Brokerage Services LLC, Fidelity Insurance Agency, Inc. (“FIA”), and Fidelity Distributors Company LLC, all of which are wholly-owned subsidiaries of FMR LLC. The Company pays FIA sales compensation for variable deferred, immediate annuity contracts and term life insurance in accordance with the terms of the agreement. The Company incurred expenses in the amount of $2,701, $3,145, and $2,759 to FIA in 2025, 2024 and 2023, respectively.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

12. AFFILIATED COMPANY TRANSACTIONS (CONTINUED):

The Company has administrative services agreements with FILI and FMR LLC and its subsidiaries whereby certain administrative and other services are provided to the Company. The Company incurred expenses of $5,490, $5,693, and $5,160 with FILI and $398, $214 and $262 with FMR LLC and its subsidiaries in 2025, 2024 and 2023 respectively. Intercompany balances are settled in accordance with the terms of the respective agreements.

The Company has an agreement with FIAM LLC whereby investment and managerial advice is provided to the Company. The Company incurred expenses of $271, $293, and $303 in 2025, 2024 and 2023, respectively for such services.

FMR LLC sponsors a Profit-Sharing Plan covering substantially all eligible company employees. Payments are made to the trustee by FMR LLC annually for the Profit-Sharing Plan. FMR LLC’s policy is to fund all costs accrued and to charge each subsidiary for its share of the cost. The costs charged to the Company were $135, $336, and $202 in 2025, 2024 and 2023, respectively.

The Company participates in various share-based compensatory plans sponsored by FMR LLC and is allocated a compensation charge from FMR LLC that is amortized over the period in which it is earned. These share-based compensation arrangements generally provide holders with participation in changes in FMR LLC’s Net Asset Value per share (as defined) over their respective terms. All plans are settled in cash or promissory notes at the end of their defined term or when plan participants are no longer employees. The aggregate expenses related to these plans charged to the Company were $347, $511, and $734 in 2025, 2024 and 2023, respectively.

13. UNDERWRITING, ACQUISITION AND INSURANCE EXPENSES:

Underwriting, acquisition and insurance expenses were as follows:


	Years Ended December 31,
	2025		2024		2023
Underwriting, acquisition and insurance expenses:

Commissions, gross	$	2,701	$	3,145	$	2,759

Compensation and benefits		4,059		3,726		3,358

Deferred policy acquisition costs, net		2,204		1,672		1,961

Rent expenses		134		167		145

Taxes, licenses and fees		179		289		175

General insurance expenses		1,984		2,117		1,853


Total underwriting, acquisition and insurance expenses	$	11,261	$	11,116	$	10,251

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

14. REINSURANCE:

The Company retains a maximum coverage per individual life of $25 plus 30% of the excess over $25 with a maximum initial retention not to exceed $100 for its life insurance business issued before March 1, 2008. The Company retains a flat $100 per individual life for its life business issued on and after March 1, 2008. The Company reinsures certain guarantee provisions and mortality on its annuity contracts and portions of annuity income that are fixed.

The Company reinsures substantially all of its GMDB provisions for business issued prior to July 1, 2001. The Company reinsures 100% of its GMWB provisions issued prior to January 1, 2009, and 90% for business issued in the first quarter of 2009. The GMWB product and associated reinsurance contract were discontinued for new business effective March 31, 2009.

The Company has entered into a coinsurance agreement for substantially all of the fixed portion of the variable income annuity product and the fixed income annuities which arise through the annuitization of deferred annuity products if annuitization is prior to June 1, 2009. The Company retains 100% of the risk for annuitizations of deferred annuity products where annuitization occurs on or after June 1, 2009. Sales of the variable income annuity product with a fixed payment option were discontinued in May 2008. The Company is subject to concentration of risk with respect to this reinsurance agreement. The reinsurance receivable is accounted for as a deposit asset and is recorded in reinsurance deposit and receivables on the balance sheets. Under this reinsurance agreement, the Company receives a front end ceding expense allowance ranging from 2.5% to 3.5% of premiums and an annual allowance of a percentage of assets ranging from 0.30% to 0.60%.

Revenue from the reinsurance agreement and benefit expense from the underlying annuity contracts are recognized over the lives of the underlying contracts.

Financial information related to the coinsurance agreement for the fixed portion of the variable income annuity and the fixed income annuities which arise through the annuitization of deferred annuity products if annuitization is prior to June 1, 2009 is as follows:


	Years Ended December 31,

	2025		2024
Reinsurance deposit and receivables:
Principal Life Insurance Company		$20,265		$21,412

Future contract and policy benefits		$20,265		$21,412


Reinsurance expense allowance		$213		$1,016

Contract and policy benefits and expenses		$1,325		$1,561

The Company’s deposit assets under the reinsurance agreement with Principal Life Insurance Company is partially secured by investments held in a collateral account which offers the Company additional protection and reduces the risk of loss to the Company that could result from failure of this reinsurer.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(A Wholly-Owned Ultimate Subsidiary of FMR LLC)

NOTES TO FINANCIAL STATEMENTS

(Dollars in thousands)

14. REINSURANCE (CONTINUED):

The Company evaluates the financial condition of its reinsurers and monitors concentration of credit risk arising from similar activities or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. Any expected credit losses are reflected in the allowance for credit losses, after considering any collateral. The Company did not record an allowance for credit loss on reinsurance deposits and receivables as of December 31, 2025.

Additional information on direct business written and reinsurance ceded for the years ended December 31, was as follows:


	Years Ended December 31,
	2025			2024			2023
Direct life premiums	$	572		$	730		$	745

Reinsurance ceded, net of ceding expense allowance		(302	)		(245	)		(245	)

Net premiums	$	270		$	485		$	500

Direct contract and policy benefits	$	6,535		$	2,775		$	3,682

Reinsurance ceded benefits incurred		(5,062	)		(602	)		(1,705	)

Reinsurance costs		1,019			1,166			1,077

Net contract and policy benefits	$	2,492		$	3,339		$	3,054


Direct change in market risk benefits	$	(959	)	$	645		$	(5,502	)

Reinsurance ceded		988			(464	)		5,207

Net change in market risk benefits	$	29		$	181		$	(295	)

15. COMMITMENTS AND CONTINGENCIES:

The Company is, from time to time, involved in various legal actions concerning policy benefits and certain other matters. Those actions are considered by the Company in estimating policy reserves and other liabilities. The Company believes that the resolution of those actions should not have a material adverse effect on stockholder’s equity or net income.

Regulatory Matters

Under existing guaranty fund laws in all states, insurers licensed to do business in those states can be assessed for certain obligations of insolvent insurance companies to policyholders and claimants. The actual amount of such assessments will depend upon the final outcome of rehabilitation proceedings and will be paid over several years.

16. SUBSEQUENT EVENTS:

The Company has evaluated subsequent events from the balance sheet date through April 30, 2026 and did not identify any other events that would require adjustments to, or disclosure in, the financial statements.

PART C

OTHER INFORMATION

Item 27.

Exhibits

(a)	Board of Directors Resolution

(1)

Resolution of Board of Directors of Empire Fidelity Investments Life Insurance Company (“Empire Fidelity Investments Life”) establishing the Empire Fidelity Investments Variable Annuity Account A. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement No. 33-42376, filed electronically on April 27, 1997, on behalf of Empire Fidelity Investments Variable Annuity Account A.

(2)

Board of Directors Resolution of Empire Fidelity Investments Life Insurance Company. Incorporated by reference from Post-Effective Amendment No. 21 to Registration Statement on Form N-4, Reg No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2022.

(b)	Custodian Agreements - Not Applicable

(c)	Underwriting Contracts

(1)

Distribution Agreement between Empire Fidelity Investments Life and Fidelity Brokerage Services LLC. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement No. 33-42376, filed electronically on April 27, 1997, on behalf of Empire Fidelity Investments Variable Annuity Account A.

(d)

Contracts

(1)

Variable Annuity Policy. Incorporated by reference from the Registration Statement’s initial filing on August 9, 2005.

(e)	Applications

(1)

Application for Deferred Variable Annuity. Incorporated by reference from the Registration Statement’s initial filing on August 9, 2005.

(f)	Insurance Company’s Certification of Incorporation and By-Laws

(1)

Certification of Incorporation and By-laws. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement No. 33-42376, filed electronically on April 27, 1997, on behalf of Empire Fidelity Investments Variable Annuity Account A.

(2)

Charter of Empire Fidelity Investments Life. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement No. 33-42376, filed electronically on April 27, 1997, on behalf of Empire Fidelity Investments Variable Annuity Account A.

(3)

Amended Bylaws of Empire Fidelity Investments Life. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement No. 33-42376, filed electronically on April 27, 1997, on behalf of Empire Fidelity Investments Variable Annuity Account A.

(g)	Reinsurance Contracts - Not Applicable

(h)	Participation Agreements

(1)

Participation Agreement between Empire Fidelity Investments Life and MORGAN STANLEY UNIVERSAL FUNDS, INC. (the “Fund”), and MORGAN STANLEY INVESTMENT MANAGEMENT INC. (the “Adviser”). Incorporated by reference from Post-Effective Amendment No. 6 to Registration Statement No. 33-42376 on behalf of Empire Fidelity Investments Variable Annuity Account A, filed on August 29, 1997.

(2)

Participation Agreement between Empire Fidelity Investments Life Insurance Company and LAZARD ASSET MANAGEMENT SECURITIES LLC (“Adviser”) and LAZARD RETIREMENT SERIES, INC. (“Fund”). Incorporated by reference from Post-Effective Amendment No. 19 to Registration Statement on Form N-4, Reg. No. 33-42376, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 27, 2006.

(3)

Participation Agreement between Empire Fidelity Investments Life Insurance Company and PIMCO Variable Insurance Trust (the “Fund”), a Delaware statutory trust, and Allianz Global Investors Distributors LLC (the “Underwriter”), a Delaware limited liability company.) Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on September 21, 2009.

(4)

Participation Agreement between Empire Fidelity Investments Life Insurance Company and AIM Variable Insurance Funds, a Delaware Trust, and Invesco Distributors, Inc., a Delaware corporation, and Invesco Advisers, Inc. Incorporated by reference from Post-Effective Amendment No. 7 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on June 18, 2010.

(5)

Participation Agreement between Empire Fidelity Investments Life Insurance Company and Fidelity Distributors Corporation and each of Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable Insurance Products Fund III, Variable Insurance Products Fund IV, and Variable Insurance Products Fund V incorporated by reference from Post-Effective Amendment No. 21 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Investments Variable Account A, filed electronically on April 29, 2022.

(6)

Participation Agreement among Empire Fidelity Investments Life Insurance Company and Fidelity Distributors Company LLC and Variable Insurance Products Fund VI incorporated by reference from Post-Effective Amendment No. 24 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Investments Variable Account A, filed electronically on April 29, 2025.

(i)	Administrative Contracts - Not Applicable

(j)	Other Material Contracts - Not Applicable

(k)	Legal Opinion

Legal opinion and consent of Lance A. Warrick filed herein as Exhibit (k)

(l)	Other Opinions

Written consent of PricewaterhouseCoopers LLP filed herein as Exhibit (l)

(m)	Omitted Financial Statements - Not Applicable

(n)	Initial Capital Agreements - Not Applicable

(o)	Form of Initial Summary Prospectuses

(1)

Form of Initial Summary Prospectus incorporated by reference from Post-Effective Amendment No. 21 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2022.

(p)	Power of Attorney

(1)

Power of Attorney for William J. Johnson, Jr. incorporated by reference from Post-Effective Amendment No. 15 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2016.

(2)

Power of Attorney for Miles Mei incorporated by reference from Post-Effective Amendment No. 15 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2016.

(3)

Power of Attorney for Nancy D. Prior incorporated by reference from Post-Effective Amendment No. 17 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 27, 2018.

(4)

Power of Attorney for David J. Vargo incorporated by reference from Post-Effective Amendment No. 19 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 30, 2020.

(5)

Power of Attorney for Kathryn A. Dunn incorporated by reference from Post-Effective Amendment No. 22 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 28, 2023.

(6)

Power of Attorney for Robert W. Litle incorporated by reference from Post-Effective Amendment No. 22 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 28, 2023.

(7)

Power of Attorney for Ari Lindner incorporated by reference from Post Effective Amendment No. 24 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2025.

(8)

Power of Attorney for Thomas J. Tesauro incorporated by reference from Post-Effective Amendment No. 24 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2025.

(q)	Letter Regarding Change in Certifying Account - Not Applicable

(r)	Historical Current Limits on Index Gains - Not Applicable

Item 28. Directors and Officers of the Insurance Company


Name and Principal Business Address		Positions and Offices with Insurance Company
Ari Lindner		Director and President
Kathryn A. Dunn		Director
William J. Johnson, Jr.		Director
Robert W. Litle		Director
Nancy D. Prior		Director
Thomas J. Tesauro		Director
David J. Vargo		Director
James F. Andrea, Jr.		Head of Client Services & Operations
Kerri Bellantoni		Vice President, Human Resources
Jason Heath		Chief Investment Officer
Maxine Hensel		Chief Operating Officer
Andrew McIntosh		Illustration Actuary
Sara Liane Latham		Appointed Actuary
Brian N. Leary		Vice President, Consumer Services Officer & Chief Compliance Officer
Miles Mei		Chief Financial Officer and Treasurer
Robert G. Regan		Chief Risk Officer
Jeffrey Scobee		Head of Technology Vice President, Technology Management
Lance A. Warrick		Vice President, General Counsel and Secretary

The principal business address for each person named in Item 28 is 900 Salem Street, Smithfield, Rhode Island 02917.

Item 29. Persons Controlled By or Under Common Control with the Insurance Company or the Registered Separate Account

The Depositor, Empire Fidelity Investments Life Insurance Company, is 100% owned by Fidelity Investments Life Insurance Company, a Utah Corporation. Fidelity Investments Life Insurance Company is 100% owned by FMR LLC. FMR LLC has numerous subsidiaries, including the following financial services providers:

•

Fidelity Brokerage Services LLC, a Delaware limited liability Company

•

Fidelity Distributors Company LLC, a Delaware limited liability Company

•

Fidelity Workplace Investing LLC, a Delaware limited liability Company

•

Fidelity Insurance Agency, Inc., a Massachusetts Corporation

•

Fidelity Investments Institutional Operations Company LLC, a Delaware limited liability Company

•

Fidelity Management & Research Company LLC, a Delaware limited liability Company (advisor to the Fidelity Funds including the Variable Insurance Product Funds named in the prospectus)

•

Digital Brokerage Services, LLC, a Delaware limited liability Company

•

Fidelity Prime Financing LLC, a Delaware limited liability Company

•

Green Pier Fintech LLC, a Delaware limited liability Company

•

National Financial Services LLC, a Delaware limited liability Company

Item 30. Indemnification

FMR LLC and its subsidiaries own a directors’ and officers’ liability reimbursement contract (the “Policies”), issued by National Union Fire Insurance Company, that provides coverage for “Loss” (as defined in the Policies) arising from any claim or claims by reason of any breach of duty, neglect, error, misstatement, misleading statement, omission or other act done or wrongfully attempted by a person while he or she is acting in his or her capacity as a director or officer. The coverage is provided to these insureds, including Empire Fidelity Investments Life, to the extent required or permitted by applicable law, common or statutory, or under their respective charters or by-laws, to indemnify directors or officers for Loss arising from the above-described matters. Coverage is also provided to the individual directors or officers for such Loss, for which they shall not be indemnified, subject to relevant contract exclusions. Loss is essentially the legal liability on claims against a director or officer, including damages, judgements, settlements, costs, charges and expenses (excluding salaries of officers or employees) incurred in the defense of actions, suits or proceedings and appeals therefrom.

There are a number of exclusions from coverage. Among the matters excluded are Losses arising as the result of (1) fines or penalties imposed by law or other matters that may be deemed uninsurable under the law pursuant to which the Policy is construed, (2) claims brought about or contributed to by the fraudulent, dishonest, or criminal acts of a director or officer, (3) any claim made against the directors or officers for violation of any of the responsibilities, obligations, or duties imposed upon fiduciaries by the Employee Retirement Income Security Act of 1974 or amendments thereto, (4) professional errors or omissions, and (5) claims for an accounting of profits in fact made from the purchase or sale by a director or officer of any securities of the insured corporations within the meaning of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any state statutory law.

The limit of coverage of the Policy is $10 million, as an annual aggregate limit, with 95% co-insurance for the first $1 million of coverage, and with a deductible of $500,000 in the event that Empire Fidelity Investments Life indemnifies the director or officer (with a maximum aggregate per loss deductible of $25,000) if Empire Fidelity Investments Life does not indemnify the director or officer.

New York law (N.Y. Bus. Corp. 722) provides, in part, that a corporation may indemnify a director, officer, employee or agent against liability if he acted in good faith and in a manner he reasonably believed to be in the best interest of the corporation and, in respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.

The Text of Article VI of Empire Fidelity Investments Life Insurance Company’s By-Laws, which relates to indemnification of the directors and officers, is as follows:

Section 6.1 INDEMNIFICATION OF DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS

Any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (including any action or suit by or in the right of the Corporation to procure a judgment in its favor) by reason of the fact that he is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall be indemnified to the extent permitted by the laws of the State of New York, against expenses (including attorney’s fees), judgments, fines and amounts paid in settlement of such action, suit or proceeding. The indemnification expressly provided by statute in a specific case shall not be deemed exclusive of any other rights to which any person indemnified may be entitled under any lawful agreement, vote of shareholders or disinterested directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office, and shall continue as a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

The Board of Directors may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture or trust or other enterprise against any liability incurred by him in any such capacity or arising out of his status as such, whether or not the Corporation would have the power to indemnify him against such liability.

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers, and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling persons in connection with the securities being registered), the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

Item 31. Principal Underwriters

(a)	Fidelity Brokerage Services LLC acts as distributor for other variable life and variable annuity contracts registered by separate accounts of Fidelity Investments Life, and Empire Fidelity Investments Life Insurance Company.

(b)	Management


Name and Principal Business Address		Positions and Offices with Underwriter
Robert R. Mascialino		Director, Chief Executive Officer, and President
Lisa D. Krieser		Assistant Secretary
Kevin M. McLaughlin		Chief Financial Officer
Gail R. Merken		Chief Compliance Officer
Michael Shulman		Assistant Treasurer
Charles Sturdy		Secretary and Chief Legal Officer

The address for each person named in Item 31(b) is 900 Salem Street, Smithfield, Rhode Island 02917.

(c)	Compensation to the Distributor:

The following aggregate amount of commissions and other compensation was received by the principal underwriter, directly or indirectly, from the Registrant for this and other variable annuity contracts issued by the Depositor, during the Registrant’s last fiscal year:

(1)

Name of Principal

Underwriter

(2)
Net Underwriting
Discounts and
Commissions

(3)
Compensation on
Redemption

(4)
Brokerage
Commissions

(5)
Other
Compensation

Fidelity Brokerage Services LLC

587,000

Item 31A. Information about Contracts with Index-Linked Options and Fixed Options Subject to a Contract Adjustment

(a)	For any Contract with Index-Linked Options and/or Fixed Options subject to a Contract Adjustment offered through this registration statement, provide the information required by the following table as of December 31 of the prior calendar year:

Name of Contract

Number of
Contracts
outstanding

Total value
attributable to the
Index-Linked
Option and/or Fixed
Option subject to a
Contract
Adjustment

Number of
Contracts sold
during the prior
calendar year

Gross premiums
received during the
prior calendar year

Amount of Contract
value redeemed
during the prior
calendar year

Combination
Contract (Yes/No)

Not Applicable

Not Appliable

Not Applicable

Item 32. Location of Accounts and Records

The records regarding the Account required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and Rules 31a-1 to 31a-3 promulgated thereunder, are maintained at Empire Fidelity Investments Life Insurance Company at 640 Fifth Avenue, New York, New York 10019.

Item 33. Management Services

The contracts for management-related services between (a) Fidelity Investments Life and Empire Fidelity Investments Life is summarized in Part B. Payments under these contracts for 2025, 2024, and 2023 were $5,489,537, $5,693,076, and $5,159,870, respectively.

Item 34. Fee Representation and Undertakings

Empire Fidelity Investments Life Insurance Company hereby represents that the aggregate charges under the variable annuity policy (“the contract”) offered by Empire Fidelity Investments Life Insurance Company, under this registration statement, are reasonable in relation to services rendered, the expenses expected to be incurred, and the risks assumed by Empire Fidelity Investments Life Insurance Company.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, Empire Fidelity Investments Variable Annuity Account A, certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Smithfield, and State of Rhode Island, on this 30th day of April, 2026.

EMPIRE FIDELITY INVESTMENTS VARIABLE ANNUITY ACCOUNT A

(Registered Separate Account)

By: EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(Insurance Company)

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on this 30th day of April 2026.


Signature	Title	Date

/s/ *			)
Ari Lindner	President and Director	April 30, 2026	)
/s/ *			) )
Miles Mei	Treasurer	April 30, 2026	)
/s/ *			) )
Kathryn A. Dunn	Director	April 30, 2026	) By:	/s/ Lance A. Warrick
/s/ *			) )	Lance A. Warrick (Attorney-in-Fact)*
William J. Johnson, Jr.	Director	April 30, 2026	)
/s/ *			) )
Robert W. Litle	Director	April 30, 2026	)
/s/ *			) )
Nancy D. Prior	Director	April 30, 2026	)
/s/ *			) )
Thomas J. Tesauro	Director	April 30, 2026	)
/s/ *			) )
David J. Vargo	Director	April 30, 2026	)