WRL Series Annuity Account

FINANCIAL STATEMENTS

Transamerica Life Insurance Company

WRL Series Annuity Account

Years Ended December 31, 2023 and 2022

Transamerica Life Insurance Company

WRL Series Annuity Account

Financial Statements

Years Ended December 31, 2023 and 2022

Contents


Report of Independent Registered Public Accounting Firm		1

Financial Statements

Statements of Assets and Liabilities		2
Statements of Operations and Changes in Net Assets		8
Notes to Financial Statements		29

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Transamerica Life Insurance Company and the Contract Owners of WRL Series Annuity Account

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the subaccounts of WRL Series Annuity Account indicated in the table below as of December 31, 2023, and the related statements of operations and changes in net assets for each of the two years in the period ended December 31, 2023, 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 WRL Series Annuity Account as of December 31, 2023, and the results of each of their operations and the changes in each of their net assets for each of the two years in the period ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.


Fidelity® VIP Contrafund® Service Class 2		TA BlackRock Government Money Market Service Class
Fidelity® VIP Equity-Income Service Class 2		TA BlackRock iShares Active Asset Allocation - Conservative Service Class
Fidelity® VIP Growth Opportunities Service Class 2		TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class
Fidelity® VIP Index 500 Service Class 2		TA BlackRock iShares Edge 40 Initial Class
ProFund Access VP High Yield		TA BlackRock iShares Edge 40 Service Class
ProFund VP Asia 30		TA BlackRock Real Estate Securities Initial Class
ProFund VP Bull		TA BlackRock Real Estate Securities Service Class
ProFund VP Communication Services		TA BlackRock Tactical Allocation Service Class
ProFund VP Consumer Discretionary		TA Goldman Sachs Managed Risk - Balanced ETF Service Class
ProFund VP Emerging Markets		TA Goldman Sachs Managed Risk - Growth ETF Service Class
ProFund VP Energy		TA International Focus Initial Class
ProFund VP Europe 30		TA International Focus Service Class
ProFund VP Falling U.S. Dollar		TA Janus Balanced Service Class
ProFund VP Financials		TA Janus Mid-Cap Growth Initial Class
ProFund VP Government Money Market		TA Janus Mid-Cap Growth Service Class
ProFund VP International		TA JPMorgan Asset Allocation - Conservative Initial Class
ProFund VP Japan		TA JPMorgan Asset Allocation - Conservative Service Class
ProFund VP Materials		TA JPMorgan Asset Allocation - Growth Initial Class
ProFund VP Mid-Cap		TA JPMorgan Asset Allocation - Growth Service Class
ProFund VP NASDAQ-100		TA JPMorgan Asset Allocation - Moderate Initial Class
ProFund VP Pharmaceuticals		TA JPMorgan Asset Allocation - Moderate Service Class
ProFund VP Precious Metals		TA JPMorgan Asset Allocation - Moderate Growth Initial Class


ProFund VP Short Emerging Markets		TA JPMorgan Asset Allocation - Moderate Growth Service Class
ProFund VP Short International		TA JPMorgan Enhanced Index Initial Class
ProFund VP Short NASDAQ-100		TA JPMorgan Enhanced Index Service Class
ProFund VP Short Small-Cap		TA JPMorgan International Moderate Growth Initial Class
ProFund VP Small-Cap		TA JPMorgan International Moderate Growth Service Class
ProFund VP Small-Cap Value		TA JPMorgan Mid Cap Value Initial Class
ProFund VP U.S. Government Plus		TA JPMorgan Mid Cap Value Service Class
ProFund VP UltraSmall-Cap		TA JPMorgan Tactical Allocation Initial Class
ProFund VP Utilities		TA JPMorgan Tactical Allocation Service Class
TA Aegon Bond Initial Class		TA Multi-Managed Balanced Initial Class
TA Aegon Bond Service Class		TA Multi-Managed Balanced Service Class
TA Aegon Core Bond Initial Class		TA PIMCO Tactical - Balanced Service Class
TA Aegon Core Bond Service Class		TA PIMCO Tactical - Conservative Service Class
TA Aegon High Yield Bond Initial Class		TA PIMCO Tactical - Growth Service Class
TA Aegon High Yield Bond Service Class		TA Small/Mid Cap Value Initial Class
TA Aegon Sustainable Equity Income Initial Class		TA Small/Mid Cap Value Service Class
TA Aegon Sustainable Equity Income Service Class		TA T. Rowe Price Small Cap Initial Class
TA Aegon U.S. Government Securities Initial Class		TA T. Rowe Price Small Cap Service Class
TA Aegon U.S. Government Securities Service Class		TA WMC US Growth Initial Class
TA BlackRock Government Money Market Initial Class		TA WMC US Growth Service Class

Basis for Opinions

These financial statements are the responsibility of the Transamerica Life Insurance Company management. Our responsibility is to express an opinion on the financial statements of each of the subaccounts of WRL Series Annuity Account 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 WRL Series Annuity Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits 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.

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, 2023 by correspondence with the custodian, the transfer agent, or the investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Chicago, Illinois

April 19, 2024

We have served as the auditor of one or more of the subaccounts of WRL Series Annuity Account since 2014.

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Assets and Liabilities

December 31, 2023


Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values

Fidelity^® VIP Contrafund^® Service Class 2		455,377.790	$	16,305,067	$	21,325,342	$	(260)	$	21,325,082		453,410	$	20.075879	$	49.165140
Fidelity^® VIP Equity-Income Service Class 2		248,392.013		5,374,977		5,939,053		50		5,939,103		180,906		15.112611		34.247134
Fidelity^® VIP Growth Opportunities Service Class 2		60,237.103		2,860,555		3,493,150		12		3,493,162		77,200		29.746524		48.595205
Fidelity^® VIP Index 500 Service Class 2		154.151		45,076		70,182		(2)		70,180		1,548		21.166338		45.337976
ProFund Access VP High Yield		69,237.905		1,736,260		1,713,638		(5)		1,713,633		93,375		10.037995		18.849567
ProFund VP Asia 30		12,181.273		508,808		432,192		32		432,224		51,092		7.844586		10.308163
ProFund VP Bull		143,230.876		7,820,422		7,237,456		(18)		7,237,438		238,243		17.495927		31.594571
ProFund VP Communication Services		21,551.344		743,552		821,968		–		821,968		66,518		10.561325		15.462477
ProFund VP Consumer Discretionary		39,874.053		2,818,431		2,631,687		(21)		2,631,666		79,715		15.562981		34.325046
ProFund VP Emerging Markets		258,191.325		8,672,383		7,304,233		(18)		7,304,215		894,836		7.654629		12.314565
ProFund VP Energy		70,710.587		2,612,287		2,983,280		26		2,983,306		277,909		9.982424		11.627023
ProFund VP Europe 30		19,023.565		445,985		492,710		(23)		492,687		45,708		9.880690		14.613790
ProFund VP Falling U.S. Dollar		1,355.208		21,616		21,128		(1)		21,127		4,149		4.785937		8.093583
ProFund VP Financials		43,478.287		1,939,253		1,996,958		7		1,996,965		141,527		12.693752		24.197000
ProFund VP Government Money Market		7,954,970.570		7,954,971		7,954,971		(249)		7,954,722		911,193		7.838362		9.661018
ProFund VP International		292,146.943		6,062,574		6,012,384		(10)		6,012,374		704,237		7.965054		12.138636
ProFund VP Japan		5,187.264		308,777		338,261		(10)		338,251		25,918		12.473230		23.517573
ProFund VP Materials		22,192.478		1,702,979		1,897,013		(5)		1,897,008		106,183		14.423775		18.568649
ProFund VP Mid-Cap		243,259.599		4,332,810		4,064,868		(18)		4,064,850		183,524		13.185141		22.897430
ProFund VP NASDAQ-100		236,294.351		12,635,653		13,674,354		6		13,674,360		191,227		26.660357		75.208748
ProFund VP Pharmaceuticals		45,861.942		1,645,636		1,577,192		4		1,577,196		79,152		11.274893		20.837880
ProFund VP Precious Metals		80,265.734		2,179,987		2,038,750		7		2,038,757		377,317		4.812178		12.556951
ProFund VP Short Emerging Markets		4,980.605		124,564		116,945		(5)		116,940		78,316		1.350737		4.254556
ProFund VP Short International		1,156.997		30,911		28,786		(13)		28,773		13,453		1.991085		5.003194
ProFund VP Short NASDAQ-100		26,609.211		406,740		327,027		4		327,031		914,650		0.334633		1.861843
ProFund VP Short Small-Cap		11,938.004		294,967		263,711		(3)		263,708		386,743		0.625611		4.009986
ProFund VP Small-Cap		67,275.770		2,753,840		2,307,559		90		2,307,649		107,957		11.796332		22.157083
ProFund VP Small-Cap Value		47,350.949		2,180,380		2,034,197		2		2,034,199		97,847		12.092987		21.754843
ProFund VP U.S. Government Plus		18,981.137		415,161		241,440		49		241,489		22,765		5.914284		11.873115
ProFund VP UltraSmall-Cap		159,683.785		2,726,638		2,205,233		15		2,205,248		131,244		10.698096		25.898861
ProFund VP Utilities		60,942.498		2,519,271		2,281,078		2		2,281,080		126,168		12.304517		18.608015
TA Aegon Bond Initial Class		1,661,881.808		18,648,814		16,087,016		(17)		16,086,999		1,058,939		9.017932		16.461088
TA Aegon Bond Service Class		9,458.227		104,757		90,704		(9)		90,695		6,471		9.797919		14.536787
TA Aegon Core Bond Initial Class		2,110,426.029		26,695,036		23,151,374		3		23,151,377		870,781		9.292342		40.823328
TA Aegon Core Bond Service Class		23,809.889		329,677		283,338		(2)		283,336		20,133		9.911334		14.838327
TA Aegon High Yield Bond Initial Class		647,579.978		4,492,621		4,429,447		19		4,429,466		180,737		11.306942		26.395907
TA Aegon High Yield Bond Service Class		8,208.610		61,707		57,378		(3)		57,375		2,358		11.857047		25.106313
TA Aegon Sustainable Equity Income Initial Class		2,438,571.529		46,819,673		44,528,316		(22)		44,528,294		1,098,011		11.330527		45.823413
TA Aegon Sustainable Equity Income Service Class		22,330.358		424,423		408,869		15		408,884		12,398		12.015752		33.243043
TA Aegon U.S. Government Securities Initial Class		516,499.824		5,628,223		4,710,478		(13)		4,710,465		372,626		8.456142		13.790817
TA Aegon U.S. Government Securities Service Class		9,291.332		115,266		87,989		(3)		87,986		7,170		9.428754		12.334626
TA BlackRock Government Money Market Initial Class		28,739,579.965		28,739,580		28,739,580		(66)		28,739,514		2,270,174		7.875884		16.163376
TA BlackRock Government Money Market Service Class		182,887.780		182,888		182,888		(15)		182,873		19,016		8.753436		9.894418


See accompanying notes.		2

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Assets and Liabilities

December 31, 2023


Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values

TA BlackRock iShares Active Asset Allocation - Conservative Service Class		35,837.525	$	343,877	$	321,104	$	1	$	321,105		25,171	$	10.637837	$	13.033262
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		93,223.937		996,112		959,274		(1)		959,273		71,139		10.644482		13.818218
TA BlackRock iShares Edge 40 Initial Class		171,260.010		1,563,009		1,479,686		(2)		1,479,684		77,937		11.138489		20.400430
TA BlackRock iShares Edge 40 Service Class		2,150.661		17,975		18,431		10		18,441		933		11.800414		19.956628
TA BlackRock Real Estate Securities Initial Class		1,372,495.200		15,011,863		13,340,653		2		13,340,655		376,364		10.926156		45.231953
TA BlackRock Real Estate Securities Service Class		34,073.744		403,841		356,071		1		356,072		12,144		11.479818		30.180121
TA BlackRock Tactical Allocation Service Class		265,268.105		4,036,127		3,565,203		5		3,565,208		256,064		12.294190		14.234042
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		324,623.618		3,797,782		3,694,217		4		3,694,221		242,232		11.591211		15.859086
TA Goldman Sachs Managed Risk - Growth ETF Service Class		361,894.694		3,720,482		3,749,229		(5)		3,749,224		214,468		13.082598		18.042070
TA International Focus Initial Class		2,914,370.203		24,489,719		25,267,590		7		25,267,597		1,231,923		13.565970		24.334876
TA International Focus Service Class		20,653.083		168,516		174,725		1		174,726		5,787		14.420981		30.591332
TA Janus Balanced Service Class		538,822.907		8,975,814		8,578,061		(62)		8,577,999		4,202,376		1.818268		16.147961
TA Janus Mid-Cap Growth Initial Class		3,303,602.587		107,753,070		100,858,987		(25)		100,858,962		957,102		20.807750		133.169257
TA Janus Mid-Cap Growth Service Class		23,081.564		705,180		640,975		(11)		640,964		13,250		20.788831		49.601713
TA JPMorgan Asset Allocation - Conservative Initial Class		2,893,699.863		28,813,362		24,943,693		(51)		24,943,642		1,337,218		11.622083		20.572957
TA JPMorgan Asset Allocation - Conservative Service Class		67,208.471		667,782		570,600		6		570,606		28,212		11.738766		20.754398
TA JPMorgan Asset Allocation - Growth Initial Class		6,261,239.256		70,763,667		64,866,439		(53)		64,866,386		2,058,299		16.331436		33.164493
TA JPMorgan Asset Allocation - Growth Service Class		251,241.063		2,653,769		2,560,146		16		2,560,162		69,474		17.315602		37.706469
TA JPMorgan Asset Allocation - Moderate Initial Class		5,741,511.271		64,947,223		58,850,491		43		58,850,534		2,643,936		12.248832		23.987156
TA JPMorgan Asset Allocation - Moderate Service Class		138,771.845		1,523,047		1,396,045		(3)		1,396,042		56,537		12.872365		25.065292
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		9,373,367.477		108,609,880		94,483,544		9		94,483,553		3,709,976		13.588453		27.652318
TA JPMorgan Asset Allocation - Moderate Growth Service Class		301,339.249		3,332,770		2,971,205		10		2,971,215		101,493		14.412593		30.021585
TA JPMorgan Enhanced Index Initial Class		1,819,503.942		42,256,998		43,504,339		(12)		43,504,327		916,875		20.232008		49.948306
TA JPMorgan Enhanced Index Service Class		3,562.364		82,558		84,642		3		84,645		1,518		21.452637		56.065379
TA JPMorgan International Moderate Growth Initial Class		185,234.732		1,836,413		1,696,750		18		1,696,768		125,482		12.075602		13.975908
TA JPMorgan International Moderate Growth Service Class		2,522.493		24,040		22,829		(2)		22,827		1,732		12.141435		13.362500
TA JPMorgan Mid Cap Value Initial Class		518,210.580		7,913,295		7,503,689		8		7,503,697		154,494		13.780113		54.066021
TA JPMorgan Mid Cap Value Service Class		7,222.859		116,124		101,626		16		101,642		1,998		14.613502		51.317265
TA JPMorgan Tactical Allocation Initial Class		1,646,677.639		23,006,692		20,254,135		26		20,254,161		565,736		11.373980		42.772596
TA JPMorgan Tactical Allocation Service Class		20,287.608		295,278		267,391		8		267,399		15,349		11.524799		17.581982
TA Multi-Managed Balanced Initial Class		6,226,087.031		91,158,624		95,694,958		(31)		95,694,927		2,560,392		16.294533		38.924260
TA Multi-Managed Balanced Service Class		36,585.867		533,160		545,129		(1)		545,128		14,652		16.015100		38.511005
TA PIMCO Tactical - Balanced Service Class		87,968.951		985,272		840,983		5		840,988		666,754		1.122968		11.647836
TA PIMCO Tactical - Conservative Service Class		121,223.480		1,349,544		1,151,623		8		1,151,631		887,258		1.129945		11.466656
TA PIMCO Tactical - Growth Service Class		94,648.111		1,018,441		908,622		1		908,623		563,557		1.294638		13.184762
TA Small/Mid Cap Value Initial Class		3,352,555.753		64,129,640		63,564,457		(18)		63,564,439		1,238,829		14.534159		54.661708
TA Small/Mid Cap Value Service Class		77,012.270		1,419,435		1,397,773		(9)		1,397,764		26,589		15.410393		53.603550
TA T. Rowe Price Small Cap Initial Class		2,482,660.723		33,564,996		28,277,506		(31)		28,277,475		563,206		16.220554		56.901936
TA T. Rowe Price Small Cap Service Class		38,311.442		459,226		375,452		17		375,469		5,975		17.006530		65.513152
TA WMC US Growth Initial Class		14,010,341.636		434,510,426		502,270,748		116		502,270,864		8,278,128		26.148163		62.234942


See accompanying notes.		3

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Assets and Liabilities

December 31, 2023


Subaccount	Number of Shares		Cost		Assets at Market Value		Due (to)/from General Account		Net Assets		Units Outstanding		Range of Unit Values

TA WMC US Growth Service Class		74,415.649	$	2,251,739	$	2,530,132	$	(7)	$	2,530,125		39,768	$	25.691510	$	65.263012


See accompanying notes.		4

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Assets and Liabilities

December 31, 2023


Subaccount	Net Assets Representing: Accumulation Units		Net Assets Representing: Contracts in Payout (Annuitization) Period		Total Net Assets

Fidelity^® VIP Contrafund^® Service Class 2	$	20,660,851	$	664,231	$	21,325,082
Fidelity^® VIP Equity-Income Service Class 2		5,777,210		161,893		5,939,103
Fidelity^® VIP Growth Opportunities Service Class 2		3,401,964		91,198		3,493,162
Fidelity^® VIP Index 500 Service Class 2		70,180		-		70,180
ProFund Access VP High Yield		1,680,179		33,454		1,713,633
ProFund VP Asia 30		376,407		55,817		432,224
ProFund VP Bull		6,686,877		550,561		7,237,438
ProFund VP Communication Services		792,309		29,659		821,968
ProFund VP Consumer Discretionary		2,348,621		283,045		2,631,666
ProFund VP Emerging Markets		7,068,740		235,475		7,304,215
ProFund VP Energy		2,929,706		53,600		2,983,306
ProFund VP Europe 30		413,240		79,447		492,687
ProFund VP Falling U.S. Dollar		21,127		-		21,127
ProFund VP Financials		1,772,054		224,911		1,996,965
ProFund VP Government Money Market		5,948,637		2,006,085		7,954,722
ProFund VP International		5,864,822		147,552		6,012,374
ProFund VP Japan		338,251		-		338,251
ProFund VP Materials		1,859,394		37,614		1,897,008
ProFund VP Mid-Cap		3,861,764		203,086		4,064,850
ProFund VP NASDAQ-100		13,235,969		438,391		13,674,360
ProFund VP Pharmaceuticals		1,418,310		158,886		1,577,196
ProFund VP Precious Metals		2,002,908		35,849		2,038,757
ProFund VP Short Emerging Markets		112,226		4,714		116,940
ProFund VP Short International		28,578		195		28,773
ProFund VP Short NASDAQ-100		320,168		6,863		327,031
ProFund VP Short Small-Cap		262,750		958		263,708
ProFund VP Small-Cap		2,196,488		111,161		2,307,649
ProFund VP Small-Cap Value		1,943,750		90,449		2,034,199
ProFund VP U.S. Government Plus		208,236		33,253		241,489
ProFund VP UltraSmall-Cap		2,177,471		27,777		2,205,248
ProFund VP Utilities		2,100,153		180,927		2,281,080
TA Aegon Bond Initial Class		14,712,487		1,374,512		16,086,999
TA Aegon Bond Service Class		90,695		-		90,695
TA Aegon Core Bond Initial Class		21,849,360		1,302,017		23,151,377
TA Aegon Core Bond Service Class		283,336		-		283,336
TA Aegon High Yield Bond Initial Class		4,114,008		315,458		4,429,466
TA Aegon High Yield Bond Service Class		57,375		-		57,375
TA Aegon Sustainable Equity Income Initial Class		42,910,287		1,618,007		44,528,294
TA Aegon Sustainable Equity Income Service Class		408,884		-		408,884
TA Aegon U.S. Government Securities Initial Class		4,270,626		439,839		4,710,465
TA Aegon U.S. Government Securities Service Class		87,986		-		87,986


See accompanying notes.		5

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Assets and Liabilities

December 31, 2023


Subaccount	Net Assets Representing: Accumulation Units		Net Assets Representing: Contracts in Payout (Annuitization) Period		Total Net Assets

TA BlackRock Government Money Market Initial Class	$	25,874,512	$	2,865,002	$	28,739,514
TA BlackRock Government Money Market Service Class		182,873		-		182,873
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		314,918		6,187		321,105
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		891,073		68,200		959,273
TA BlackRock iShares Edge 40 Initial Class		1,391,664		88,020		1,479,684
TA BlackRock iShares Edge 40 Service Class		18,441		-		18,441
TA BlackRock Real Estate Securities Initial Class		12,687,573		653,082		13,340,655
TA BlackRock Real Estate Securities Service Class		356,072		-		356,072
TA BlackRock Tactical Allocation Service Class		3,239,929		325,279		3,565,208
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		3,529,939		164,282		3,694,221
TA Goldman Sachs Managed Risk - Growth ETF Service Class		3,700,914		48,310		3,749,224
TA International Focus Initial Class		23,857,695		1,409,902		25,267,597
TA International Focus Service Class		174,726		-		174,726
TA Janus Balanced Service Class		8,367,836		210,163		8,577,999
TA Janus Mid-Cap Growth Initial Class		99,624,025		1,234,937		100,858,962
TA Janus Mid-Cap Growth Service Class		640,964		-		640,964
TA JPMorgan Asset Allocation - Conservative Initial Class		22,104,395		2,839,247		24,943,642
TA JPMorgan Asset Allocation - Conservative Service Class		570,606		-		570,606
TA JPMorgan Asset Allocation - Growth Initial Class		62,339,688		2,526,698		64,866,386
TA JPMorgan Asset Allocation - Growth Service Class		2,560,162		-		2,560,162
TA JPMorgan Asset Allocation - Moderate Initial Class		54,849,941		4,000,593		58,850,534
TA JPMorgan Asset Allocation - Moderate Service Class		1,378,567		17,475		1,396,042
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		87,090,020		7,393,533		94,483,553
TA JPMorgan Asset Allocation - Moderate Growth Service Class		2,951,261		19,954		2,971,215
TA JPMorgan Enhanced Index Initial Class		39,749,221		3,755,106		43,504,327
TA JPMorgan Enhanced Index Service Class		84,645		-		84,645
TA JPMorgan International Moderate Growth Initial Class		1,555,942		140,826		1,696,768
TA JPMorgan International Moderate Growth Service Class		22,827		-		22,827
TA JPMorgan Mid Cap Value Initial Class		7,176,015		327,682		7,503,697
TA JPMorgan Mid Cap Value Service Class		101,642		-		101,642
TA JPMorgan Tactical Allocation Initial Class		19,348,290		905,871		20,254,161
TA JPMorgan Tactical Allocation Service Class		255,170		12,229		267,399
TA Multi-Managed Balanced Initial Class		92,617,915		3,077,012		95,694,927
TA Multi-Managed Balanced Service Class		545,128		-		545,128
TA PIMCO Tactical - Balanced Service Class		782,922		58,066		840,988
TA PIMCO Tactical - Conservative Service Class		1,034,543		117,088		1,151,631
TA PIMCO Tactical - Growth Service Class		742,868		165,755		908,623
TA Small/Mid Cap Value Initial Class		60,199,037		3,365,402		63,564,439
TA Small/Mid Cap Value Service Class		1,397,764		-		1,397,764
TA T. Rowe Price Small Cap Initial Class		26,142,809		2,134,666		28,277,475
TA T. Rowe Price Small Cap Service Class		375,469		-		375,469


See accompanying notes.		6

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Assets and Liabilities

December 31, 2023


Subaccount	Net Assets Representing: Accumulation Units		Net Assets Representing: Contracts in Payout (Annuitization) Period		Total Net Assets

TA WMC US Growth Initial Class	$	493,217,005	$	9,053,859	$	502,270,864
TA WMC US Growth Service Class		2,530,125		-		2,530,125


See accompanying notes.		7

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	Fidelity^® VIP Contrafund^® Service Class 2			Fidelity^® VIP Equity-Income Service Class 2			Fidelity^® VIP Growth Opportunities Service Class 2			Fidelity^® VIP Index 500 Service Class 2
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	27,193,887		$	7,101,244		$	4,762,403		$	64,453


Investment Income:
Reinvested Dividends		52,919			105,788			-			705
Investment Expense:
Mortality and Expense Risk and Administrative Charges		291,032			88,614			45,712			791

Net Investment Income (Loss)		(238,113	)		17,174			(45,712	)		(86)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,005,240			212,006			671,570			433
Realized Gain (Loss) on Investments		424,670			51,291			290,119			561

Net Realized Capital Gains (Losses) on Investments		1,429,910			263,297			961,689			994
Net Change in Unrealized Appreciation (Depreciation)		(8,517,954	)		(745,394	)		(2,730,737	)		(13,646)

Net Gain (Loss) on Investment		(7,088,044	)		(482,097	)		(1,769,048	)		(12,652)

Net Increase (Decrease) in Net Assets Resulting from Operations		(7,326,157	)		(464,923	)		(1,814,760	)		(12,738)


Increase (Decrease) in Net Assets from Contract Transactions		(1,938,879	)		(596,029	)		(422,279	)		2,832


Total Increase (Decrease) in Net Assets		(9,265,036	)		(1,060,952	)		(2,237,039	)		(9,906)


Net Assets as of December 31, 2022:	$	17,928,851		$	6,040,292		$	2,525,364		$	54,547


Investment Income:
Reinvested Dividends		51,065			99,472			-			801
Investment Expense:
Mortality and Expense Risk and Administrative Charges		276,638			81,782			42,969			836

Net Investment Income (Loss)		(225,573	)		17,690			(42,969	)		(35)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		724,055			170,692			-			558
Realized Gain (Loss) on Investments		484,887			66,891			84,291			2,680

Net Realized Capital Gains (Losses) on Investments		1,208,942			237,583			84,291			3,238
Net Change in Unrealized Appreciation (Depreciation)		4,351,453			240,504			1,033,127			10,215

Net Gain (Loss) on Investment		5,560,395			478,087			1,117,418			13,453

Net Increase (Decrease) in Net Assets Resulting from Operations		5,334,822			495,777			1,074,449			13,418


Increase (Decrease) in Net Assets from Contract Transactions		(1,938,591	)		(596,966	)		(106,651	)		2,215


Total Increase (Decrease) in Net Assets		3,396,231			(101,189	)		967,798			15,633


Net Assets as of December 31, 2023:	$	21,325,082		$	5,939,103		$	3,493,162		$	70,180

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund Access VP High Yield			ProFund VP Asia 30			ProFund VP Bull			ProFund VP Communication Services
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	1,883,803		$	726,995		$	8,841,342		$	588,782


Investment Income:
Reinvested Dividends		63,950			3,126			-			9,003
Investment Expense:
Mortality and Expense Risk and Administrative Charges		24,333			8,547			103,630			7,699

Net Investment Income (Loss)		39,617			(5,421	)		(103,630	)		1,304

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			73,459			940,646			-
Realized Gain (Loss) on Investments		(101,610	)		(148,678	)		369,792			(636)

Net Realized Capital Gains (Losses) on Investments		(101,610	)		(75,219	)		1,310,438			(636)
Net Change in Unrealized Appreciation (Depreciation)		(128,460	)		(120,084	)		(2,987,543	)		(127,746)

Net Gain (Loss) on Investment		(230,070	)		(195,303	)		(1,677,105	)		(128,382)

Net Increase (Decrease) in Net Assets Resulting from Operations		(190,453	)		(200,724	)		(1,780,735	)		(127,078)


Increase (Decrease) in Net Assets from Contract Transactions		236,220			5,784			(836,216	)		(42,088)


Total Increase (Decrease) in Net Assets		45,767			(194,940	)		(2,616,951	)		(169,166)


Net Assets as of December 31, 2022:	$	1,929,570		$	532,055		$	6,224,391		$	419,616


Investment Income:
Reinvested Dividends		80,373			555			-			3,579
Investment Expense:
Mortality and Expense Risk and Administrative Charges		21,296			7,533			98,961			6,921

Net Investment Income (Loss)		59,077			(6,978	)		(98,961	)		(3,342)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			21,215			1,151,505			-
Realized Gain (Loss) on Investments		(97,857	)		(223,357	)		(4,040	)		(15,048)

Net Realized Capital Gains (Losses) on Investments		(97,857	)		(202,142	)		1,147,465			(15,048)
Net Change in Unrealized Appreciation (Depreciation)		169,406			219,779			274,881			147,132

Net Gain (Loss) on Investment		71,549			17,637			1,422,346			132,084

Net Increase (Decrease) in Net Assets Resulting from Operations		130,626			10,659			1,323,385			128,742


Increase (Decrease) in Net Assets from Contract Transactions		(346,563	)		(110,490	)		(310,338	)		273,610


Total Increase (Decrease) in Net Assets		(215,937	)		(99,831	)		1,013,047			402,352


Net Assets as of December 31, 2023:	$	1,713,633		$	432,224		$	7,237,438		$	821,968

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Consumer Discretionary			ProFund VP Emerging Markets			ProFund VP Energy			ProFund VP Europe 30
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	4,168,648		$	7,968,747		$	2,655,752		$	755,432


Investment Income:
Reinvested Dividends		-			45,542			31,892			6,992
Investment Expense:
Mortality and Expense Risk and Administrative Charges		44,474			101,640			51,167			10,055

Net Investment Income (Loss)		(44,474	)		(56,098	)		(19,275	)		(3,063)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		29,740			-			-			20,548
Realized Gain (Loss) on Investments		(266,441	)		1,582			760,423			(10,488)

Net Realized Capital Gains (Losses) on Investments		(236,701	)		1,582			760,423			10,060
Net Change in Unrealized Appreciation (Depreciation)		(1,006,460	)		(1,396,111	)		876,343			(75,989)

Net Gain (Loss) on Investment		(1,243,161	)		(1,394,529	)		1,636,766			(65,929)

Net Increase (Decrease) in Net Assets Resulting from Operations		(1,287,635	)		(1,450,627	)		1,617,491			(68,992)


Increase (Decrease) in Net Assets from Contract Transactions		(705,274	)		161,827			23,709			(204,198)


Total Increase (Decrease) in Net Assets		(1,992,909	)		(1,288,800	)		1,641,200			(273,190)


Net Assets as of December 31, 2022:	$	2,175,739		$	6,679,947		$	4,296,952		$	482,242


Investment Income:
Reinvested Dividends		-			146,569			86,697			10,021
Investment Expense:
Mortality and Expense Risk and Administrative Charges		37,370			100,042			54,596			8,584

Net Investment Income (Loss)		(37,370	)		46,527			32,101			1,437

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		124,204			-			-			-
Realized Gain (Loss) on Investments		(148,933	)		36,338			483,804			3,861

Net Realized Capital Gains (Losses) on Investments		(24,729	)		36,338			483,804			3,861
Net Change in Unrealized Appreciation (Depreciation)		698,928			820,187			(711,902	)		65,901

Net Gain (Loss) on Investment		674,199			856,525			(228,098	)		69,762

Net Increase (Decrease) in Net Assets Resulting from Operations		636,829			903,052			(195,997	)		71,199


Increase (Decrease) in Net Assets from Contract Transactions		(180,902	)		(278,784	)		(1,117,649	)		(60,754)


Total Increase (Decrease) in Net Assets		455,927			624,268			(1,313,646	)		10,445


Net Assets as of December 31, 2023:	$	2,631,666		$	7,304,215		$	2,983,306		$	492,687

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Falling U.S. Dollar			ProFund VP Financials			ProFund VP Government Money Market			ProFund VP International
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	41,354		$	3,298,703		$	4,602,129		$	7,428,870


Investment Income:
Reinvested Dividends		-			2,244			78,720			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		370			36,835			104,575			87,571

Net Investment Income (Loss)		(370	)		(34,591	)		(25,855	)		(87,571)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			29,348			-			274,815
Realized Gain (Loss) on Investments		(2,774	)		159,736			-			(43,396)

Net Realized Capital Gains (Losses) on Investments		(2,774	)		189,084			-			231,419
Net Change in Unrealized Appreciation (Depreciation)		(133	)		(641,884	)		-			(1,443,734)

Net Gain (Loss) on Investment		(2,907	)		(452,800	)		-			(1,212,315)

Net Increase (Decrease) in Net Assets Resulting from Operations		(3,277	)		(487,391	)		(25,855	)		(1,299,886)


Increase (Decrease) in Net Assets from Contract Transactions		(17,010	)		(651,118	)		3,276,670			(345,693)


Total Increase (Decrease) in Net Assets		(20,287	)		(1,138,509	)		3,250,815			(1,645,579)


Net Assets as of December 31, 2022:	$	21,067		$	2,160,194		$	7,852,944		$	5,783,291


Investment Income:
Reinvested Dividends		-			8,581			328,855			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		637			27,737			128,865			85,826

Net Investment Income (Loss)		(637	)		(19,156	)		199,990			(85,826)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			77,615			-			-
Realized Gain (Loss) on Investments		(3,715	)		8,898			-			(81,471)

Net Realized Capital Gains (Losses) on Investments		(3,715	)		86,513			-			(81,471)
Net Change in Unrealized Appreciation (Depreciation)		3,748			145,171			-			926,875

Net Gain (Loss) on Investment		33			231,684			-			845,404

Net Increase (Decrease) in Net Assets Resulting from Operations		(604	)		212,528			199,990			759,578


Increase (Decrease) in Net Assets from Contract Transactions		664			(375,757	)		(98,212	)		(530,495)


Total Increase (Decrease) in Net Assets		60			(163,229	)		101,778			229,083


Net Assets as of December 31, 2023:	$	21,127		$	1,996,965		$	7,954,722		$	6,012,374

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Japan			ProFund VP Materials			ProFund VP Mid-Cap			ProFund VP NASDAQ-100
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	601,080		$	2,698,572		$	6,031,406		$	14,532,022


Investment Income:
Reinvested Dividends		-			4,680			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		5,923			37,753			67,755			158,753

Net Investment Income (Loss)		(5,923	)		(33,073	)		(67,755	)		(158,753)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		19,286			23,597			961,500			2,302,090
Realized Gain (Loss) on Investments		18,910			38,451			(260,536	)		(323,458)

Net Realized Capital Gains (Losses) on Investments		38,196			62,048			700,964			1,978,632
Net Change in Unrealized Appreciation (Depreciation)		(93,967	)		(337,047	)		(1,617,375	)		(6,579,594)

Net Gain (Loss) on Investment		(55,771	)		(274,999	)		(916,411	)		(4,600,962)

Net Increase (Decrease) in Net Assets Resulting from Operations		(61,694	)		(308,072	)		(984,166	)		(4,759,715)


Increase (Decrease) in Net Assets from Contract Transactions		(188,777	)		198,798			(1,063,389	)		(1,324,975)


Total Increase (Decrease) in Net Assets		(250,471	)		(109,274	)		(2,047,555	)		(6,084,690)


Net Assets as of December 31, 2022:	$	350,609		$	2,589,298		$	3,983,851		$	8,447,332


Investment Income:
Reinvested Dividends		-			11,475			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		5,267			36,267			55,880			158,970

Net Investment Income (Loss)		(5,267	)		(24,792	)		(55,880	)		(158,970)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			55,567
Realized Gain (Loss) on Investments		30,411			154,101			(191,492	)		(935,707)

Net Realized Capital Gains (Losses) on Investments		30,411			154,101			(191,492	)		(880,140)
Net Change in Unrealized Appreciation (Depreciation)		72,110			92,676			698,154			5,303,080

Net Gain (Loss) on Investment		102,521			246,777			506,662			4,422,940

Net Increase (Decrease) in Net Assets Resulting from Operations		97,254			221,985			450,782			4,263,970


Increase (Decrease) in Net Assets from Contract Transactions		(109,612	)		(914,275	)		(369,783	)		963,058


Total Increase (Decrease) in Net Assets		(12,358	)		(692,290	)		80,999			5,227,028


Net Assets as of December 31, 2023:	$	338,251		$	1,897,008		$	4,064,850		$	13,674,360

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Pharmaceuticals			ProFund VP Precious Metals			ProFund VP Short Emerging Markets			ProFund VP Short International
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	2,762,143		$	1,961,534		$	86,505		$	13,018


Investment Income:
Reinvested Dividends		1,833			-			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		37,633			28,651			1,186			251

Net Investment Income (Loss)		(35,800	)		(28,651	)		(1,186	)		(251)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		137,593			-			1,826			-
Realized Gain (Loss) on Investments		35,233			(35,750	)		3,655			(4,400)

Net Realized Capital Gains (Losses) on Investments		172,826			(35,750	)		5,481			(4,400)
Net Change in Unrealized Appreciation (Depreciation)		(346,761	)		(249,404	)		(1,479	)		6,578

Net Gain (Loss) on Investment		(173,935	)		(285,154	)		4,002			2,178

Net Increase (Decrease) in Net Assets Resulting from Operations		(209,735	)		(313,805	)		2,816			1,927


Increase (Decrease) in Net Assets from Contract Transactions		(323,747	)		141,071			(48,403	)		(1,082)


Total Increase (Decrease) in Net Assets		(533,482	)		(172,734	)		(45,587	)		845


Net Assets as of December 31, 2022:	$	2,228,661		$	1,788,800		$	40,918		$	13,863


Investment Income:
Reinvested Dividends		9,490			-			244			2,633
Investment Expense:
Mortality and Expense Risk and Administrative Charges		29,061			30,610			1,275			732

Net Investment Income (Loss)		(19,571	)		(30,610	)		(1,031	)		1,901

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		35,278			-			290			-
Realized Gain (Loss) on Investments		(5,575	)		(27,998	)		(12,283	)		(5,727)

Net Realized Capital Gains (Losses) on Investments		29,703			(27,998	)		(11,993	)		(5,727)
Net Change in Unrealized Appreciation (Depreciation)		(178,239	)		3,492			(6,452	)		(1,550)

Net Gain (Loss) on Investment		(148,536	)		(24,506	)		(18,445	)		(7,277)

Net Increase (Decrease) in Net Assets Resulting from Operations		(168,107	)		(55,116	)		(19,476	)		(5,376)


Increase (Decrease) in Net Assets from Contract Transactions		(483,358	)		305,073			95,498			20,286


Total Increase (Decrease) in Net Assets		(651,465	)		249,957			76,022			14,910


Net Assets as of December 31, 2023:	$	1,577,196		$	2,038,757		$	116,940		$	28,773

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Short NASDAQ-100			ProFund VP Short Small-Cap			ProFund VP Small-Cap			ProFund VP Small-Cap Value
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	149,929		$	41,783		$	3,011,504		$	2,377,644


Investment Income:
Reinvested Dividends		-			-			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,344			1,192			35,433			30,966

Net Investment Income (Loss)		(4,344	)		(1,192	)		(35,433	)		(30,966)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			274,808			361,745
Realized Gain (Loss) on Investments		(6,757	)		(4,079	)		(34,126	)		(63,337)

Net Realized Capital Gains (Losses) on Investments		(6,757	)		(4,079	)		240,682			298,408
Net Change in Unrealized Appreciation (Depreciation)		46,575			14,844			(881,735	)		(579,864)

Net Gain (Loss) on Investment		39,818			10,765			(641,053	)		(281,456)

Net Increase (Decrease) in Net Assets Resulting from Operations		35,474			9,573			(676,486	)		(312,422)


Increase (Decrease) in Net Assets from Contract Transactions		268,060			126,126			(160,165	)		(177,568)


Total Increase (Decrease) in Net Assets		303,534			135,699			(836,651	)		(489,990)


Net Assets as of December 31, 2022:	$	453,463		$	177,482		$	2,174,853		$	1,887,654


Investment Income:
Reinvested Dividends		-			641			-			356
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,301			2,338			31,662			27,087

Net Investment Income (Loss)		(4,301	)		(1,697	)		(31,662	)		(26,731)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		450			12,847			-			88,496
Realized Gain (Loss) on Investments		(58,897	)		(4,590	)		(148,565	)		(31,140)

Net Realized Capital Gains (Losses) on Investments		(58,447	)		8,257			(148,565	)		57,356
Net Change in Unrealized Appreciation (Depreciation)		(73,578	)		(36,585	)		446,771			166,453

Net Gain (Loss) on Investment		(132,025	)		(28,328	)		298,206			223,809

Net Increase (Decrease) in Net Assets Resulting from Operations		(136,326	)		(30,025	)		266,544			197,078


Increase (Decrease) in Net Assets from Contract Transactions		9,894			116,251			(133,748	)		(50,533)


Total Increase (Decrease) in Net Assets		(126,432	)		86,226			132,796			146,545


Net Assets as of December 31, 2023:	$	327,031		$	263,708		$	2,307,649		$	2,034,199

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP U.S. Government Plus			ProFund VP UltraSmall-Cap			ProFund VP Utilities			TA Aegon Bond Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	861,216		$	2,839,091		$	2,612,157		$	24,879,766


Investment Income:
Reinvested Dividends		-			-			33,609			503,854
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,859			27,442			46,955			290,437

Net Investment Income (Loss)		(7,859	)		(27,442	)		(13,346	)		213,417

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			471,153			36,648			-
Realized Gain (Loss) on Investments		(204,941	)		115,194			(93,142	)		(794,375)

Net Realized Capital Gains (Losses) on Investments		(204,941	)		586,347			(56,494	)		(794,375)
Net Change in Unrealized Appreciation (Depreciation)		(102,602	)		(1,803,122	)		(43,651	)		(3,123,600)

Net Gain (Loss) on Investment		(307,543	)		(1,216,775	)		(100,145	)		(3,917,975)

Net Increase (Decrease) in Net Assets Resulting from Operations		(315,402	)		(1,244,217	)		(113,491	)		(3,704,558)


Increase (Decrease) in Net Assets from Contract Transactions		(197,575	)		97,834			648,417			(4,419,793)


Total Increase (Decrease) in Net Assets		(512,977	)		(1,146,383	)		534,926			(8,124,351)


Net Assets as of December 31, 2022:	$	348,239		$	1,692,708		$	3,147,083		$	16,755,415


Investment Income:
Reinvested Dividends		11,634			-			38,532			150,415
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,228			24,596			40,726			238,145

Net Investment Income (Loss)		7,406			(24,596	)		(2,194	)		(87,730)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(149,837	)		(144,877	)		(95,023	)		(884,391)

Net Realized Capital Gains (Losses) on Investments		(149,837	)		(144,877	)		(95,023	)		(884,391)
Net Change in Unrealized Appreciation (Depreciation)		135,095			560,161			(220,503	)		1,742,090

Net Gain (Loss) on Investment		(14,742	)		415,284			(315,526	)		857,699

Net Increase (Decrease) in Net Assets Resulting from Operations		(7,336	)		390,688			(317,720	)		769,969


Increase (Decrease) in Net Assets from Contract Transactions		(99,414	)		121,852			(548,283	)		(1,438,385)


Total Increase (Decrease) in Net Assets		(106,750	)		512,540			(866,003	)		(668,416)


Net Assets as of December 31, 2023:	$	241,489		$	2,205,248		$	2,281,080		$	16,086,999

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA Aegon Bond Service Class			TA Aegon Core Bond Initial Class			TA Aegon Core Bond Service Class			TA Aegon High Yield Bond Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	135,316		$	30,351,342		$	349,671		$	5,499,349


Investment Income:
Reinvested Dividends		2,822			750,954			7,176			274,889
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,610			367,320			4,487			68,538

Net Investment Income (Loss)		1,212			383,634			2,689			206,351

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			119,379			1,286			-
Realized Gain (Loss) on Investments		(6,534	)		(646,710	)		(3,273	)		(89,309)

Net Realized Capital Gains (Losses) on Investments		(6,534	)		(527,331	)		(1,987	)		(89,309)
Net Change in Unrealized Appreciation (Depreciation)		(15,520	)		(3,936,135	)		(49,073	)		(776,602)

Net Gain (Loss) on Investment		(22,054	)		(4,463,466	)		(51,060	)		(865,911)

Net Increase (Decrease) in Net Assets Resulting from Operations		(20,842	)		(4,079,832	)		(48,371	)		(659,560)


Increase (Decrease) in Net Assets from Contract Transactions		(26,445	)		(2,630,593	)		(24,979	)		(536,622)


Total Increase (Decrease) in Net Assets		(47,287	)		(6,710,425	)		(73,350	)		(1,196,182)


Net Assets as of December 31, 2022:	$	88,029		$	23,640,917		$	276,321		$	4,303,167


Investment Income:
Reinvested Dividends		564			632,459			6,303			206,127
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,255			330,836			4,122			66,162

Net Investment Income (Loss)		(691	)		301,623			2,181			139,965

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(1,281	)		(791,718	)		(2,541	)		(283,108)

Net Realized Capital Gains (Losses) on Investments		(1,281	)		(791,718	)		(2,541	)		(283,108)
Net Change in Unrealized Appreciation (Depreciation)		6,021			1,501,217			11,908			554,962

Net Gain (Loss) on Investment		4,740			709,499			9,367			271,854

Net Increase (Decrease) in Net Assets Resulting from Operations		4,049			1,011,122			11,548			411,819


Increase (Decrease) in Net Assets from Contract Transactions		(1,383	)		(1,500,662	)		(4,533	)		(285,520)


Total Increase (Decrease) in Net Assets		2,666			(489,540	)		7,015			126,299


Net Assets as of December 31, 2023:	$	90,695		$	23,151,377		$	283,336		$	4,429,466

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA Aegon High Yield Bond Service Class			TA Aegon Sustainable Equity Income Initial Class			TA Aegon Sustainable Equity Income Service Class			TA Aegon U.S. Government Securities Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	61,991		$	57,812,032		$	761,609		$	6,416,303


Investment Income:
Reinvested Dividends		3,017			1,048,874			8,708			59,230
Investment Expense:
Mortality and Expense Risk and Administrative Charges		769			681,903			7,408			83,070

Net Investment Income (Loss)		2,248			366,971			1,300			(23,840)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			1,701,904			16,448			-
Realized Gain (Loss) on Investments		(356	)		445,343			20,495			(162,812)

Net Realized Capital Gains (Losses) on Investments		(356	)		2,147,247			36,943			(162,812)
Net Change in Unrealized Appreciation (Depreciation)		(9,716	)		(9,888,272	)		(139,028	)		(712,589)

Net Gain (Loss) on Investment		(10,072	)		(7,741,025	)		(102,085	)		(875,401)

Net Increase (Decrease) in Net Assets Resulting from Operations		(7,824	)		(7,374,054	)		(100,785	)		(899,241)


Increase (Decrease) in Net Assets from Contract Transactions		(1,459	)		(4,693,776	)		(264,315	)		(498,224)


Total Increase (Decrease) in Net Assets		(9,283	)		(12,067,830	)		(365,100	)		(1,397,465)


Net Assets as of December 31, 2022:	$	52,708		$	45,744,202		$	396,509		$	5,018,838


Investment Income:
Reinvested Dividends		2,291			969,580			7,439			84,093
Investment Expense:
Mortality and Expense Risk and Administrative Charges		754			614,256			4,953			71,193

Net Investment Income (Loss)		1,537			355,324			2,486			12,900

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(142	)		(1,314,036	)		(1,066	)		(184,262)

Net Realized Capital Gains (Losses) on Investments		(142	)		(1,314,036	)		(1,066	)		(184,262)
Net Change in Unrealized Appreciation (Depreciation)		3,514			2,979,184			16,513			286,108

Net Gain (Loss) on Investment		3,372			1,665,148			15,447			101,846

Net Increase (Decrease) in Net Assets Resulting from Operations		4,909			2,020,472			17,933			114,746


Increase (Decrease) in Net Assets from Contract Transactions		(242	)		(3,236,380	)		(5,558	)		(423,119)


Total Increase (Decrease) in Net Assets		4,667			(1,215,908	)		12,375			(308,373)


Net Assets as of December 31, 2023:	$	57,375		$	44,528,294		$	408,884		$	4,710,465

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA Aegon U.S. Government Securities Service Class			TA BlackRock Government Money Market Initial Class			TA BlackRock Government Money Market Service Class			TA BlackRock iShares Active Asset Allocation - Conservative Service Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	100,580		$	29,646,855		$	633,921		$	856,839


Investment Income:
Reinvested Dividends		734			466,346			5,738			6,912
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,148			468,897			5,926			8,533

Net Investment Income (Loss)		(414	)		(2,551	)		(188	)		(1,621)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			70,850
Realized Gain (Loss) on Investments		(419	)		-			-			(31,090)

Net Realized Capital Gains (Losses) on Investments		(419	)		-			-			39,760
Net Change in Unrealized Appreciation (Depreciation)		(13,633	)		-			-			(156,369)

Net Gain (Loss) on Investment		(14,052	)		-			-			(116,609)

Net Increase (Decrease) in Net Assets Resulting from Operations		(14,466	)		(2,551	)		(188	)		(118,230)


Increase (Decrease) in Net Assets from Contract Transactions		(89	)		3,943,365			(223,135	)		(243,838)


Total Increase (Decrease) in Net Assets		(14,555	)		3,940,814			(223,323	)		(362,068)


Net Assets as of December 31, 2022:	$	86,025		$	33,587,669		$	410,598		$	494,771


Investment Income:
Reinvested Dividends		1,260			1,486,925			11,223			5,847
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,089			451,060			3,396			5,850

Net Investment Income (Loss)		171			1,035,865			7,827			(3)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(476	)		-			-			(51,030)

Net Realized Capital Gains (Losses) on Investments		(476	)		-			-			(51,030)
Net Change in Unrealized Appreciation (Depreciation)		2,354			-			-			79,599

Net Gain (Loss) on Investment		1,878			-			-			28,569

Net Increase (Decrease) in Net Assets Resulting from Operations		2,049			1,035,865			7,827			28,566


Increase (Decrease) in Net Assets from Contract Transactions		(88	)		(5,884,020	)		(235,552	)		(202,232)


Total Increase (Decrease) in Net Assets		1,961			(4,848,155	)		(227,725	)		(173,666)


Net Assets as of December 31, 2023:	$	87,986		$	28,739,514		$	182,873		$	321,105

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class			TA BlackRock iShares Edge 40 Initial Class			TA BlackRock iShares Edge 40 Service Class			TA BlackRock Real Estate Securities Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	1,299,121		$	1,898,905		$	23,545		$	21,488,176


Investment Income:
Reinvested Dividends		13,599			30,714			295			564,299
Investment Expense:
Mortality and Expense Risk and Administrative Charges		15,562			23,856			248			240,290

Net Investment Income (Loss)		(1,963	)		6,858			47			324,009

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		46,628			66,845			772			-
Realized Gain (Loss) on Investments		(31,188	)		(19,492	)		(67	)		(568,933)

Net Realized Capital Gains (Losses) on Investments		15,440			47,353			705			(568,933)
Net Change in Unrealized Appreciation (Depreciation)		(261,422	)		(342,998	)		(4,250	)		(5,800,780)

Net Gain (Loss) on Investment		(245,982	)		(295,645	)		(3,545	)		(6,369,713)

Net Increase (Decrease) in Net Assets Resulting from Operations		(247,945	)		(288,787	)		(3,498	)		(6,045,704)


Increase (Decrease) in Net Assets from Contract Transactions		(110,340	)		(165,555	)		(2,496	)		(1,661,370)


Total Increase (Decrease) in Net Assets		(358,285	)		(454,342	)		(5,994	)		(7,707,074)


Net Assets as of December 31, 2022:	$	940,836		$	1,444,563		$	17,551		$	13,781,102


Investment Income:
Reinvested Dividends		12,959			34,050			364			771,607
Investment Expense:
Mortality and Expense Risk and Administrative Charges		13,545			21,417			230			188,912

Net Investment Income (Loss)		(586	)		12,633			134			582,695

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			23,158			284			-
Realized Gain (Loss) on Investments		(33,297	)		(50,717	)		120			(930,479)

Net Realized Capital Gains (Losses) on Investments		(33,297	)		(27,559	)		404			(930,479)
Net Change in Unrealized Appreciation (Depreciation)		173,793			126,437			804			1,766,224

Net Gain (Loss) on Investment		140,496			98,878			1,208			835,745

Net Increase (Decrease) in Net Assets Resulting from Operations		139,910			111,511			1,342			1,418,440


Increase (Decrease) in Net Assets from Contract Transactions		(121,473	)		(76,390	)		(452	)		(1,858,887)


Total Increase (Decrease) in Net Assets		18,437			35,121			890			(440,447)


Net Assets as of December 31, 2023:	$	959,273		$	1,479,684		$	18,441		$	13,340,655

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA BlackRock Real Estate Securities Service Class			TA BlackRock Tactical Allocation Service Class			TA Goldman Sachs Managed Risk - Balanced ETF Service Class			TA Goldman Sachs Managed Risk - Growth ETF Service Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	475,354		$	4,764,439		$	4,265,943		$	4,345,213


Investment Income:
Reinvested Dividends		11,069			135,850			54,859			50,746
Investment Expense:
Mortality and Expense Risk and Administrative Charges		5,206			57,685			53,242			52,134

Net Investment Income (Loss)		5,863			78,165			1,617			(1,388)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			313,746			91,472			213,168
Realized Gain (Loss) on Investments		814			(9,341	)		(31,883	)		(28,758)

Net Realized Capital Gains (Losses) on Investments		814			304,405			59,589			184,410
Net Change in Unrealized Appreciation (Depreciation)		(142,040	)		(1,185,186	)		(712,132	)		(855,162)

Net Gain (Loss) on Investment		(141,226	)		(880,781	)		(652,543	)		(670,752)

Net Increase (Decrease) in Net Assets Resulting from Operations		(135,363	)		(802,616	)		(650,926	)		(672,140)


Increase (Decrease) in Net Assets from Contract Transactions		(16,742	)		(514,598	)		(51,954	)		(241,922)


Total Increase (Decrease) in Net Assets		(152,105	)		(1,317,214	)		(702,880	)		(914,062)


Net Assets as of December 31, 2022:	$	323,249		$	3,447,225		$	3,563,063		$	3,431,151


Investment Income:
Reinvested Dividends		17,394			85,528			54,362			50,718
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,512			50,467			51,663			50,241

Net Investment Income (Loss)		12,882			35,061			2,699			477

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			126,865			251,195			92,814
Realized Gain (Loss) on Investments		(2,498	)		(71,143	)		(102,177	)		(23,914)

Net Realized Capital Gains (Losses) on Investments		(2,498	)		55,722			149,018			68,900
Net Change in Unrealized Appreciation (Depreciation)		26,924			340,881			226,808			455,555

Net Gain (Loss) on Investment		24,426			396,603			375,826			524,455

Net Increase (Decrease) in Net Assets Resulting from Operations		37,308			431,664			378,525			524,932


Increase (Decrease) in Net Assets from Contract Transactions		(4,485	)		(313,681	)		(247,367	)		(206,859)


Total Increase (Decrease) in Net Assets		32,823			117,983			131,158			318,073


Net Assets as of December 31, 2023:	$	356,072		$	3,565,208		$	3,694,221		$	3,749,224

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA International Focus Initial Class			TA International Focus Service Class			TA Janus Balanced Service Class			TA Janus Mid-Cap Growth Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	33,162,806		$	232,076		$	9,263,285		$	126,292,389


Investment Income:
Reinvested Dividends		783,756			4,981			64,165			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		377,349			2,368			101,098			1,376,591

Net Investment Income (Loss)		406,407			2,613			(36,933	)		(1,376,591)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,372,453			9,711			911,113			15,455,116
Realized Gain (Loss) on Investments		91,867			(1,630	)		99,699			1,629,310

Net Realized Capital Gains (Losses) on Investments		1,464,320			8,081			1,010,812			17,084,426
Net Change in Unrealized Appreciation (Depreciation)		(8,819,821	)		(59,623	)		(2,570,234	)		(37,741,624)

Net Gain (Loss) on Investment		(7,355,501	)		(51,542	)		(1,559,422	)		(20,657,198)

Net Increase (Decrease) in Net Assets Resulting from Operations		(6,949,094	)		(48,929	)		(1,596,355	)		(22,033,789)


Increase (Decrease) in Net Assets from Contract Transactions		(1,960,782	)		(21,148	)		(726,604	)		(10,040,044)


Total Increase (Decrease) in Net Assets		(8,909,876	)		(70,077	)		(2,322,959	)		(32,073,833)


Net Assets as of December 31, 2022:	$	24,252,930		$	161,999		$	6,940,326		$	94,218,556


Investment Income:
Reinvested Dividends		491,962			2,965			91,412			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		355,478			2,177			106,202			1,306,928

Net Investment Income (Loss)		136,484			788			(14,790	)		(1,306,928)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			235,309			16,969,922
Realized Gain (Loss) on Investments		(21,843	)		(648	)		(54,778	)		23,445

Net Realized Capital Gains (Losses) on Investments		(21,843	)		(648	)		180,531			16,993,367
Net Change in Unrealized Appreciation (Depreciation)		2,462,096			16,983			807,195			(1,636,903)

Net Gain (Loss) on Investment		2,440,253			16,335			987,726			15,356,464

Net Increase (Decrease) in Net Assets Resulting from Operations		2,576,737			17,123			972,936			14,049,536


Increase (Decrease) in Net Assets from Contract Transactions		(1,562,070	)		(4,396	)		664,737			(7,409,130)


Total Increase (Decrease) in Net Assets		1,014,667			12,727			1,637,673			6,640,406


Net Assets as of December 31, 2023:	$	25,267,597		$	174,726		$	8,577,999		$	100,858,962

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA Janus Mid-Cap Growth Service Class			TA JPMorgan Asset Allocation - Conservative Initial Class			TA JPMorgan Asset Allocation - Conservative Service Class			TA JPMorgan Asset Allocation - Growth Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	766,113		$	37,000,477		$	826,217		$	84,348,292


Investment Income:
Reinvested Dividends		-			1,662,969			36,302			3,985,861
Investment Expense:
Mortality and Expense Risk and Administrative Charges		8,510			456,712			9,433			967,747

Net Investment Income (Loss)		(8,510	)		1,206,257			26,869			3,018,114

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		102,291			2,737,716			63,316			13,345,779
Realized Gain (Loss) on Investments		5,824			(801,486	)		(7,858	)		1,422,241

Net Realized Capital Gains (Losses) on Investments		108,115			1,936,230			55,458			14,768,020
Net Change in Unrealized Appreciation (Depreciation)		(233,734	)		(9,114,758	)		(217,835	)		(37,409,678)

Net Gain (Loss) on Investment		(125,619	)		(7,178,528	)		(162,377	)		(22,641,658)

Net Increase (Decrease) in Net Assets Resulting from Operations		(134,129	)		(5,972,271	)		(135,508	)		(19,623,544)


Increase (Decrease) in Net Assets from Contract Transactions		(71,050	)		(5,416,497	)		(61,839	)		(4,827,773)


Total Increase (Decrease) in Net Assets		(205,179	)		(11,388,768	)		(197,347	)		(24,451,317)


Net Assets as of December 31, 2022:	$	560,934		$	25,611,709		$	628,870		$	59,896,975


Investment Income:
Reinvested Dividends		-			558,037			11,429			1,039,526
Investment Expense:
Mortality and Expense Risk and Administrative Charges		8,138			371,924			7,987			869,117

Net Investment Income (Loss)		(8,138	)		186,113			3,442			170,409

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		113,463			-			-			847,251
Realized Gain (Loss) on Investments		(1,469	)		(1,133,492	)		(25,825	)		(480,371)

Net Realized Capital Gains (Losses) on Investments		111,994			(1,133,492	)		(25,825	)		366,880
Net Change in Unrealized Appreciation (Depreciation)		(19,243	)		2,248,957			52,312			9,868,784

Net Gain (Loss) on Investment		92,751			1,115,465			26,487			10,235,664

Net Increase (Decrease) in Net Assets Resulting from Operations		84,613			1,301,578			29,929			10,406,073


Increase (Decrease) in Net Assets from Contract Transactions		(4,583	)		(1,969,645	)		(88,193	)		(5,436,662)


Total Increase (Decrease) in Net Assets		80,030			(668,067	)		(58,264	)		4,969,411


Net Assets as of December 31, 2023:	$	640,964		$	24,943,642		$	570,606		$	64,866,386

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA JPMorgan Asset Allocation - Growth Service Class Subaccount			TA JPMorgan Asset Allocation - Moderate Initial Class Subaccount			TA JPMorgan Asset Allocation - Moderate Service Class Subaccount			TA JPMorgan Asset Allocation - Moderate Growth Initial Class Subaccount

Net Assets as of December 31, 2021:	$	3,062,339		$	82,542,081		$	1,954,307		$	132,061,508


Investment Income:
Reinvested Dividends		141,277			3,619,602			72,693			5,756,946
Investment Expense:
Mortality and Expense Risk and Administrative Charges		33,115			1,004,092			19,408			1,585,042

Net Investment Income (Loss)		108,162			2,615,510			53,285			4,171,904

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		498,968			6,690,267			142,519			14,707,588
Realized Gain (Loss) on Investments		50,684			(139,112	)		9,970			(1,071,498)

Net Realized Capital Gains (Losses) on Investments		549,652			6,551,155			152,489			13,636,090
Net Change in Unrealized Appreciation (Depreciation)		(1,377,012	)		(23,091,884	)		(526,823	)		(41,758,218)

Net Gain (Loss) on Investment		(827,360	)		(16,540,729	)		(374,334	)		(28,122,128)

Net Increase (Decrease) in Net Assets Resulting from Operations		(719,198	)		(13,925,219	)		(321,049	)		(23,950,224)


Increase (Decrease) in Net Assets from Contract Transactions		(97,831	)		(7,061,009	)		(325,959	)		(13,083,599)


Total Increase (Decrease) in Net Assets		(817,029	)		(20,986,228	)		(647,008	)		(37,033,823)


Net Assets as of December 31, 2022:	$	2,245,310		$	61,555,853		$	1,307,299		$	95,027,685


Investment Income:
Reinvested Dividends		35,341			1,222,345			24,654			1,845,128
Investment Expense:
Mortality and Expense Risk and Administrative Charges		32,028			861,619			16,654			1,371,403

Net Investment Income (Loss)		3,313			360,726			8,000			473,725

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		34,045			441,419			10,302			4,083,344
Realized Gain (Loss) on Investments		17,269			(1,772,340	)		732			(4,255,192)

Net Realized Capital Gains (Losses) on Investments		51,314			(1,330,921	)		11,034			(171,848)
Net Change in Unrealized Appreciation (Depreciation)		349,329			5,226,990			78,855			9,080,734

Net Gain (Loss) on Investment		400,643			3,896,069			89,889			8,908,886

Net Increase (Decrease) in Net Assets Resulting from Operations		403,956			4,256,795			97,889			9,382,611


Increase (Decrease) in Net Assets from Contract Transactions		(89,104	)		(6,962,114	)		(9,146	)		(9,926,743)


Total Increase (Decrease) in Net Assets		314,852			(2,705,319	)		88,743			(544,132)


Net Assets as of December 31, 2023:	$	2,560,162		$	58,850,534		$	1,396,042		$	94,483,553

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA JPMorgan Asset Allocation - Moderate Growth Service Class Subaccount			TA JPMorgan Enhanced Index Initial Class Subaccount			TA JPMorgan Enhanced Index Service Class Subaccount			TA JPMorgan International Moderate Growth Initial Class Subaccount

Net Assets as of December 31, 2021:	$	4,129,584		$	44,116,173		$	113,347		$	2,601,091


Investment Income:
Reinvested Dividends		174,898			255,251			297			101,269
Investment Expense:
Mortality and Expense Risk and Administrative Charges		45,815			569,967			1,008			30,586

Net Investment Income (Loss)		129,083			(314,716	)		(711	)		70,683

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		474,363			4,501,079			8,821			166,026
Realized Gain (Loss) on Investments		19,898			496,607			9,469			12,095

Net Realized Capital Gains (Losses) on Investments		494,261			4,997,686			18,290			178,121
Net Change in Unrealized Appreciation (Depreciation)		(1,378,051	)		(13,256,433	)		(36,190	)		(720,297)

Net Gain (Loss) on Investment		(883,790	)		(8,258,747	)		(17,900	)		(542,176)

Net Increase (Decrease) in Net Assets Resulting from Operations		(754,707	)		(8,573,463	)		(18,611	)		(471,493)


Increase (Decrease) in Net Assets from Contract Transactions		(379,534	)		(1,155,603	)		(26,174	)		(319,663)


Total Increase (Decrease) in Net Assets		(1,134,241	)		(9,729,066	)		(44,785	)		(791,156)


Net Assets as of December 31, 2022:	$	2,995,343		$	34,387,107		$	68,562		$	1,809,935


Investment Income:
Reinvested Dividends		50,974			323,798			456			28,206
Investment Expense:
Mortality and Expense Risk and Administrative Charges		39,422			589,344			974			25,934

Net Investment Income (Loss)		11,552			(265,546	)		(518	)		2,272

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		131,839			1,862,760			3,676			-
Realized Gain (Loss) on Investments		(47,351	)		136,541			577			(51,199)

Net Realized Capital Gains (Losses) on Investments		84,488			1,999,301			4,253			(51,199)
Net Change in Unrealized Appreciation (Depreciation)		197,272			7,305,989			13,947			172,773

Net Gain (Loss) on Investment		281,760			9,305,290			18,200			121,574

Net Increase (Decrease) in Net Assets Resulting from Operations		293,312			9,039,744			17,682			123,846


Increase (Decrease) in Net Assets from Contract Transactions		(317,440	)		77,476			(1,599	)		(237,013)


Total Increase (Decrease) in Net Assets		(24,128	)		9,117,220			16,083			(113,167)


Net Assets as of December 31, 2023:	$	2,971,215		$	43,504,327		$	84,645		$	1,696,768

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA JPMorgan International Moderate Growth Service Class			TA JPMorgan Mid Cap Value Initial Class			TA JPMorgan Mid Cap Value Service Class			TA JPMorgan Tactical Allocation Initial Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	24,482		$	9,304,816		$	103,123		$	28,298,506


Investment Income:
Reinvested Dividends		1,057			65,758			539			453,397
Investment Expense:
Mortality and Expense Risk and Administrative Charges		284			115,477			1,228			328,899

Net Investment Income (Loss)		773			(49,719	)		(689	)		124,498

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,854			1,472,447			18,173			2,570,573
Realized Gain (Loss) on Investments		(72	)		71,913			(158	)		(114,940)

Net Realized Capital Gains (Losses) on Investments		1,782			1,544,360			18,015			2,455,633
Net Change in Unrealized Appreciation (Depreciation)		(7,189	)		(2,352,963	)		(27,218	)		(6,942,903)

Net Gain (Loss) on Investment		(5,407	)		(808,603	)		(9,203	)		(4,487,270)

Net Increase (Decrease) in Net Assets Resulting from Operations		(4,634	)		(858,322	)		(9,892	)		(4,362,772)


Increase (Decrease) in Net Assets from Contract Transactions		662			(936,022	)		(62	)		(2,979,333)


Total Increase (Decrease) in Net Assets		(3,972	)		(1,794,344	)		(9,954	)		(7,342,105)


Net Assets as of December 31, 2022:	$	20,510		$	7,510,472		$	93,169		$	20,956,401


Investment Income:
Reinvested Dividends		292			107,672			1,185			389,703
Investment Expense:
Mortality and Expense Risk and Administrative Charges		283			101,842			1,204			282,872

Net Investment Income (Loss)		9			5,830			(19	)		106,831

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			660,608			8,935			-
Realized Gain (Loss) on Investments		(126	)		(131,970	)		(402	)		(422,829)

Net Realized Capital Gains (Losses) on Investments		(126	)		528,638			8,533			(422,829)
Net Change in Unrealized Appreciation (Depreciation)		1,661			100,274			14			1,747,843

Net Gain (Loss) on Investment		1,535			628,912			8,547			1,325,014

Net Increase (Decrease) in Net Assets Resulting from Operations		1,544			634,742			8,528			1,431,845


Increase (Decrease) in Net Assets from Contract Transactions		773			(641,517	)		(55	)		(2,134,085)


Total Increase (Decrease) in Net Assets		2,317			(6,775	)		8,473			(702,240)


Net Assets as of December 31, 2023:	$	22,827		$	7,503,697		$	101,642		$	20,254,161

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA JPMorgan Tactical Allocation Service Class			TA Multi-Managed Balanced Initial Class			TA Multi-Managed Balanced Service Class			TA PIMCO Tactical - Balanced Service Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	368,685		$	117,450,085		$	699,255		$	1,065,200


Investment Income:
Reinvested Dividends		4,269			1,158,053			5,309			4,701
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,631			1,341,663			8,088			11,413

Net Investment Income (Loss)		638			(183,610	)		(2,779	)		(6,712)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		29,029			11,487,391			69,970			78,950
Realized Gain (Loss) on Investments		1,081			2,421,607			9,703			(17,200)

Net Realized Capital Gains (Losses) on Investments		30,110			13,908,998			79,673			61,750
Net Change in Unrealized Appreciation (Depreciation)		(83,128	)		(33,548,484	)		(196,339	)		(266,614)

Net Gain (Loss) on Investment		(53,018	)		(19,639,486	)		(116,666	)		(204,864)

Net Increase (Decrease) in Net Assets Resulting from Operations		(52,380	)		(19,823,096	)		(119,445	)		(211,576)


Increase (Decrease) in Net Assets from Contract Transactions		(67,978	)		(8,924,841	)		(57,729	)		(88,270)


Total Increase (Decrease) in Net Assets		(120,358	)		(28,747,937	)		(177,174	)		(299,846)


Net Assets as of December 31, 2022:	$	248,327		$	88,702,148		$	522,081		$	765,354


Investment Income:
Reinvested Dividends		3,934			1,457,104			7,032			7,824
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,274			1,260,548			7,465			10,108

Net Investment Income (Loss)		660			196,556			(433	)		(2,284)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			3,079,606			17,987			-
Realized Gain (Loss) on Investments		(2,072	)		942,905			5,564			(38,398)

Net Realized Capital Gains (Losses) on Investments		(2,072	)		4,022,511			23,551			(38,398)
Net Change in Unrealized Appreciation (Depreciation)		19,312			10,280,002			60,412			111,305

Net Gain (Loss) on Investment		17,240			14,302,513			83,963			72,907

Net Increase (Decrease) in Net Assets Resulting from Operations		17,900			14,499,069			83,530			70,623


Increase (Decrease) in Net Assets from Contract Transactions		1,172			(7,506,290	)		(60,483	)		5,011


Total Increase (Decrease) in Net Assets		19,072			6,992,779			23,047			75,634


Net Assets as of December 31, 2023:	$	267,399		$	95,694,927		$	545,128		$	840,988

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA PIMCO Tactical - Conservative Service Class			TA PIMCO Tactical - Growth Service Class			TA Small/Mid Cap Value Initial Class			TA Small/Mid Cap Value Service Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	1,737,799		$	1,042,010		$	76,732,308		$	1,611,365


Investment Income:
Reinvested Dividends		15,761			-			405,036			4,848
Investment Expense:
Mortality and Expense Risk and Administrative Charges		20,727			13,378			969,761			19,171

Net Investment Income (Loss)		(4,966	)		(13,378	)		(564,725	)		(14,323)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		86,599			140,316			10,414,290			228,725
Realized Gain (Loss) on Investments		(41,644	)		(23,990	)		884,070			5,151

Net Realized Capital Gains (Losses) on Investments		44,955			116,326			11,298,360			233,876
Net Change in Unrealized Appreciation (Depreciation)		(364,934	)		(314,389	)		(17,912,146	)		(371,551)

Net Gain (Loss) on Investment		(319,979	)		(198,063	)		(6,613,786	)		(137,675)

Net Increase (Decrease) in Net Assets Resulting from Operations		(324,945	)		(211,441	)		(7,178,511	)		(151,998)


Increase (Decrease) in Net Assets from Contract Transactions		(71,013	)		89,409			(6,539,060	)		(153,442)


Total Increase (Decrease) in Net Assets		(395,958	)		(122,032	)		(13,717,571	)		(305,440)


Net Assets as of December 31, 2022:	$	1,341,841		$	919,978		$	63,014,737		$	1,305,925


Investment Income:
Reinvested Dividends		15,622			8,314			647,854			10,787
Investment Expense:
Mortality and Expense Risk and Administrative Charges		17,712			14,276			878,220			17,664

Net Investment Income (Loss)		(2,090	)		(5,962	)		(230,366	)		(6,877)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			5,958,875			131,891
Realized Gain (Loss) on Investments		(130,934	)		(35,661	)		(265,186	)		(14,516)

Net Realized Capital Gains (Losses) on Investments		(130,934	)		(35,661	)		5,693,689			117,375
Net Change in Unrealized Appreciation (Depreciation)		199,026			143,500			913,593			26,135

Net Gain (Loss) on Investment		68,092			107,839			6,607,282			143,510

Net Increase (Decrease) in Net Assets Resulting from Operations		66,002			101,877			6,376,916			136,633


Increase (Decrease) in Net Assets from Contract Transactions		(256,212	)		(113,232	)		(5,827,214	)		(44,794)


Total Increase (Decrease) in Net Assets		(190,210	)		(11,355	)		549,702			91,839


Net Assets as of December 31, 2023:	$	1,151,631		$	908,623		$	63,564,439		$	1,397,764

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA T. Rowe Price Small Cap Initial Class			TA T. Rowe Price Small Cap Service Class			TA WMC US Growth Initial Class			TA WMC US Growth Service Class
	Subaccount			Subaccount			Subaccount			Subaccount

Net Assets as of December 31, 2021:	$	38,813,797		$	415,578		$	568,800,625		$	2,801,149


Investment Income:
Reinvested Dividends		-			-			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		433,041			4,801			5,644,088			28,501

Net Investment Income (Loss)		(433,041	)		(4,801	)		(5,644,088	)		(28,501)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		9,820,344			124,183			70,883,159			372,693
Realized Gain (Loss) on Investments		(160,979	)		(202	)		13,060,831			68,307

Net Realized Capital Gains (Losses) on Investments		9,659,365			123,981			83,943,990			441,000
Net Change in Unrealized Appreciation (Depreciation)		(18,179,897	)		(217,645	)		(256,746,998	)		(1,295,417)

Net Gain (Loss) on Investment		(8,520,532	)		(93,664	)		(172,803,008	)		(854,417)

Net Increase (Decrease) in Net Assets Resulting from Operations		(8,953,573	)		(98,465	)		(178,447,096	)		(882,918)


Increase (Decrease) in Net Assets from Contract Transactions		(3,152,972	)		841			(38,046,911	)		(228,377)


Total Increase (Decrease) in Net Assets		(12,106,545	)		(97,624	)		(216,494,007	)		(1,111,295)


Net Assets as of December 31, 2022:	$	26,707,252		$	317,954		$	352,306,618		$	1,689,854


Investment Income:
Reinvested Dividends		-			-			181,164			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		390,244			4,945			5,822,240			29,307

Net Investment Income (Loss)		(390,244	)		(4,945	)		(5,641,076	)		(29,307)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,062,902			16,214			12,758,696			66,787
Realized Gain (Loss) on Investments		(2,266,896	)		(7,037	)		11,463,489			24,914

Net Realized Capital Gains (Losses) on Investments		(1,203,994	)		9,177			24,222,185			91,701
Net Change in Unrealized Appreciation (Depreciation)		6,456,335			55,900			126,209,867			649,018

Net Gain (Loss) on Investment		5,252,341			65,077			150,432,052			740,719

Net Increase (Decrease) in Net Assets Resulting from Operations		4,862,097			60,132			144,790,976			711,412


Increase (Decrease) in Net Assets from Contract Transactions		(3,291,874	)		(2,617	)		5,173,270			128,859


Total Increase (Decrease) in Net Assets		1,570,223			57,515			149,964,246			840,271


Net Assets as of December 31, 2023:	$	28,277,475		$	375,469		$	502,270,864		$	2,530,125

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

1. Organization

WRL Series Annuity Account (the Separate Account) is a segregated investment account of Transamerica Life Insurance Company (TLIC), an indirect wholly owned subsidiary of Aegon N.V., a holding company organized under the laws of the Netherlands.

The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940. TLIC and the Separate Account are regulated by the Securities and Exchange Commission. The assets and liabilities of the Separate Account are clearly identified and distinguished from TLIC’s other assets and liabilities. The Separate Account consists of multiple investment subaccounts. Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund. Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended. Activity in these specified investment subaccounts is available to contract owners of WRL Freedom Attainer^®, WRL Freedon Premier^®, WRL Freedom Conqueror^®, WRL Freedom Wealth Creator^®, WRL Freedom Access^®, WRL Freedom Enhancer^®, WRL Freedom Bellwether^®, and WRL Freedom Variable Annuity.

Subaccount Investment by Mutual Fund:


Subaccount		Mutual Fund
Fidelity^® Variable Insurance Products Fund		Fidelity^® Variable Insurance Products Fund
Fidelity^® VIP Contrafund^® Service Class 2		Fidelity^® VIP Contrafund^® Portfolio Service Class 2
Fidelity^® VIP Equity-Income Service Class 2		Fidelity^® VIP Equity-Income Portfolio Service Class 2
Fidelity^® VIP Growth Opportunities Service Class 2		Fidelity^® VIP Growth Opportunities Portfolio Service Class 2
Fidelity^® VIP Index 500 Service Class 2		Fidelity^® VIP Index 500 Portfolio Service Class 2
ProFunds		ProFunds
ProFund Access VP High Yield		ProFund Access VP High Yield
ProFund VP Asia 30		ProFund VP Asia 30
ProFund VP Bull		ProFund VP Bull
ProFund VP Communication Services		ProFund VP Communication Services
ProFund VP Consumer Discretionary		ProFund VP Consumer Discretionary
ProFund VP Emerging Markets		ProFund VP Emerging Markets
ProFund VP Energy		ProFund VP Energy
ProFund VP Europe 30		ProFund VP Europe 30
ProFund VP Falling U.S. Dollar		ProFund VP Falling U.S. Dollar
ProFund VP Financials		ProFund VP Financials
ProFund VP Government Money Market		ProFund VP Government Money Market
ProFund VP International		ProFund VP International
ProFund VP Japan		ProFund VP Japan
ProFund VP Materials		ProFund VP Materials
ProFund VP Mid-Cap		ProFund VP Mid-Cap
ProFund VP NASDAQ-100		ProFund VP NASDAQ-100
ProFund VP Pharmaceuticals		ProFund VP Pharmaceuticals
ProFund VP Precious Metals		ProFund VP Precious Metals
ProFund VP Short Emerging Markets		ProFund VP Short Emerging Markets
ProFund VP Short International		ProFund VP Short International
ProFund VP Short NASDAQ-100		ProFund VP Short NASDAQ-100
ProFund VP Short Small-Cap		ProFund VP Short Small-Cap
ProFund VP Small-Cap		ProFund VP Small-Cap

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

1. Organization (continued)


Subaccount Investment by Mutual Fund:
Subaccount		Mutual Fund
ProFunds		ProFunds
ProFund VP Small-Cap Value		ProFund VP Small-Cap Value
ProFund VP U.S. Government Plus		ProFund VP U.S. Government Plus
ProFund VP UltraSmall-Cap		ProFund VP UltraSmall-Cap
ProFund VP Utilities		ProFund VP Utilities
Transamerica Series Trust		Transamerica Series Trust
TA Aegon Bond Initial Class		Transamerica Aegon Bond VP Initial Class
TA Aegon Bond Service Class		Transamerica Aegon Bond VP Service Class
TA Aegon Core Bond Initial Class		Transamerica Aegon Core Bond VP Initial Class
TA Aegon Core Bond Service Class		Transamerica Aegon Core Bond VP Service Class
TA Aegon High Yield Bond Initial Class		Transamerica Aegon High Yield Bond VP Initial Class
TA Aegon High Yield Bond Service Class		Transamerica Aegon High Yield Bond VP Service Class
TA Aegon Sustainable Equity Income Initial Class		Transamerica Aegon Sustainable Equity Income VP Initial Class
TA Aegon Sustainable Equity Income Service Class		Transamerica Aegon Sustainable Equity Income VP Service Class
TA Aegon U.S. Government Securities Initial Class		Transamerica Aegon U.S. Government Securities VP Initial Class
TA Aegon U.S. Government Securities Service Class		Transamerica Aegon U.S. Government Securities VP Service Class
TA BlackRock Government Money Market Initial Class		Transamerica BlackRock Government Money Market VP Initial Class
TA BlackRock Government Money Market Service Class		Transamerica BlackRock Government Money Market VP Service Class
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		Transamerica BlackRock iShares Active Asset Allocation - Conservative VP Service Class
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		Transamerica BlackRock iShares Active Asset Allocation - Moderate Growth VP Service Class
TA BlackRock iShares Edge 40 Initial Class		Transamerica BlackRock Smart Beta 40 VP Initial Class
TA BlackRock iShares Edge 40 Service Class		Transamerica BlackRock Smart Beta 40 VP Service Class
TA BlackRock Real Estate Securities Initial Class		Transamerica BlackRock Real Estate Securities VP Initial Class
TA BlackRock Real Estate Securities Service Class		Transamerica BlackRock Real Estate Securities VP Service Class
TA BlackRock Tactical Allocation Service Class		Transamerica BlackRock Tactical Allocation VP Service Class
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		Transamerica Goldman Sachs Managed Risk - Balanced ETF VP Service Class
TA Goldman Sachs Managed Risk - Growth ETF Service Class		Transamerica Goldman Sachs Managed Risk - Growth ETF VP Service Class
TA International Focus Initial Class		Transamerica International Focus VP Initial Class
TA International Focus Service Class		Transamerica International Focus VP Service Class
TA Janus Balanced Service Class		Transamerica Janus Balanced VP Service Class
TA Janus Mid-Cap Growth Initial Class		Transamerica Janus Mid-Cap Growth VP Initial Class
TA Janus Mid-Cap Growth Service Class		Transamerica Janus Mid-Cap Growth VP Service Class
TA JPMorgan Asset Allocation - Conservative Initial Class		Transamerica JPMorgan Asset Allocation - Conservative VP Initial Class

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

1. Organization (continued)


Subaccount Investment by Mutual Fund:
Subaccount		Mutual Fund
Transamerica Series Trust		Transamerica Series Trust
TA JPMorgan Asset Allocation - Conservative Service Class		Transamerica JPMorgan Asset Allocation - Conservative VP Service Class
TA JPMorgan Asset Allocation - Growth Initial Class		Transamerica JPMorgan Asset Allocation - Growth VP Initial Class
TA JPMorgan Asset Allocation - Growth Service Class		Transamerica JPMorgan Asset Allocation - Growth VP Service Class
TA JPMorgan Asset Allocation - Moderate Initial Class		Transamerica JPMorgan Asset Allocation - Moderate VP Initial Class
TA JPMorgan Asset Allocation - Moderate Service Class		Transamerica JPMorgan Asset Allocation - Moderate VP Service Class
TA JPMorgan Asset Allocation - Moderate Growth Initial Class		Transamerica JPMorgan Asset Allocation - Moderate Growth VP Initial Class
TA JPMorgan Asset Allocation - Moderate Growth Service Class		Transamerica JPMorgan Asset Allocation - Moderate Growth VP Service Class
TA JPMorgan Enhanced Index Initial Class		Transamerica JPMorgan Enhanced Index VP Initial Class
TA JPMorgan Enhanced Index Service Class		Transamerica JPMorgan Enhanced Index VP Service Class
TA JPMorgan International Moderate Growth Initial Class		Transamerica JPMorgan International Moderate Growth VP Initial Class
TA JPMorgan International Moderate Growth Service Class		Transamerica JPMorgan International Moderate Growth VP Service Class
TA JPMorgan Mid Cap Value Initial Class		Transamerica JPMorgan Mid Cap Value VP Initial Class
TA JPMorgan Mid Cap Value Service Class		Transamerica JPMorgan Mid Cap Value VP Service Class
TA JPMorgan Tactical Allocation Initial Class		Transamerica JPMorgan Tactical Allocation VP Initial Class
TA JPMorgan Tactical Allocation Service Class		Transamerica JPMorgan Tactical Allocation VP Service Class
TA Multi-Managed Balanced Initial Class		Transamerica Multi-Managed Balanced VP Initial Class
TA Multi-Managed Balanced Service Class		Transamerica Multi-Managed Balanced VP Service Class
TA PIMCO Tactical - Balanced Service Class		Transamerica PIMCO Tactical - Balanced VP Service Class
TA PIMCO Tactical - Conservative Service Class		Transamerica PIMCO Tactical - Conservative VP Service Class
TA PIMCO Tactical - Growth Service Class		Transamerica PIMCO Tactical - Growth VP Service Class
TA Small/Mid Cap Value Initial Class		Transamerica Small/Mid Cap Value VP Initial Class
TA Small/Mid Cap Value Service Class		Transamerica Small/Mid Cap Value VP Service Class
TA T. Rowe Price Small Cap Initial Class		Transamerica T. Rowe Price Small Cap VP Initial Class
TA T. Rowe Price Small Cap Service Class		Transamerica T. Rowe Price Small Cap VP Service Class
TA WMC US Growth Initial Class		Transamerica WMC US Growth VP Initial Class
TA WMC US Growth Service Class		Transamerica WMC US Growth VP Service Class

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

1. Organization (continued)

The following subaccount name changes were made effective during the fiscal year ended December 31, 2023:


Subaccount		Formerly
ProFund VP Communication Services		ProFund VP Telecommunications
ProFund VP Consumer Discretionary		ProFund VP Consumer Services
ProFund VP Energy		ProFund VP Oil & Gas
ProFund VP Materials		ProFund VP Basic Materials
TA BlackRock Real Estate Securities Initial Class		TA BlackRock Global Real Estate Securities Initial Class
TA BlackRock Real Estate Securities Service Class		TA BlackRock Global Real Estate Securities Service Class

During the current year the following subaccounts were removed as available investment options to contract owners and subsequently replaced and reinvested:


Reinvested Subaccount		Removed Subaccount
TA WMC US Growth Initial Class		TA Morgan Stanley Capital Growth Initial Class
TA WMC US Growth Service Class		TA Morgan Stanley Capital Growth Service Class

The transfers from the removed and liquidated subaccounts to the reinvested subaccounts for the period ended December 31, 2023 are reflected in the Statements of Changes in Net Assets within Increase (Decrease) in Net Assets from Contract Transactions and purchases and sales in Footnote 3.

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

2. Summary of Significant Accounting Policies

The financial statements included herein have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for variable annuity separate accounts registered as unit investment trusts. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions regarding matters that affect the reported amount of assets and liabilities. Actual results could differ from those estimates.

Investments

Net purchase payments received by the Separate Account are invested in the portfolios of the Mutual Funds as selected by the contract owner. Investments are stated at the closing net asset values per share on December 31, 2023.

Realized capital gains and losses from sales of shares in the Separate Account are determined on the first-in, first-out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed) and dividend income is recorded on the ex-dividend date. Unrealized gains or losses from investments in the Mutual Funds are included in the Statements of Operations and Changes in Net Assets.

Dividend Income

Dividends received from the Mutual Fund investments are reinvested to purchase additional mutual fund shares.

Fair Value Measurements and Fair Value Hierarchy

The Accounting Standards Codification^™ (ASC) 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the nature of inputs used to measure fair value and enhances disclosure requirements for fair value measurements.

The Separate Account has categorized its financial instruments into a three level hierarchy which is based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument.

Financial assets and liabilities recorded at fair value on the Statements of Assets and Liabilities are categorized as follows:

Level 1. Unadjusted quoted prices for identical assets or liabilities in an active market.

Level 2. Quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following:

a) Quoted prices for similar assets or liabilities in active markets

b) Quoted prices for identical or similar assets or liabilities in non-active markets

c) Inputs other than quoted market prices that are observable

d) Inputs that are derived principally from or corroborated by observable market data through correlation or other means.

Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. They reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability.

All investments in the Mutual Funds included in the Statements of Assets and Liabilities are stated at fair value and are based upon published closing NAV per share and therefore are considered Level 1.

There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2023.

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

3. Investments

The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2023 were as follows:


Subaccount	Purchases		Sales

Fidelity^® VIP Contrafund^® Service Class 2	$	874,362	$	2,314,407

Fidelity^® VIP Equity-Income Service Class 2		272,336		680,924

Fidelity^® VIP Growth Opportunities Service Class 2		46,876		196,500

Fidelity^® VIP Index 500 Service Class 2		8,266		5,523

ProFund Access VP High Yield		735,362		1,022,844

ProFund VP Asia 30		243,795		340,048

ProFund VP Bull		2,729,753		1,987,544

ProFund VP Communication Services		504,247		233,979

ProFund VP Consumer Discretionary		418,579		512,642

ProFund VP Emerging Markets		1,464,576		1,696,830

ProFund VP Energy		857,883		1,943,434

ProFund VP Europe 30		243,093		302,405

ProFund VP Falling U.S. Dollar		105,567		105,542

ProFund VP Financials		211,991		529,285

ProFund VP Government Money Market		7,165,479		7,063,497

ProFund VP International		269,056		885,370

ProFund VP Japan		202,031		316,805

ProFund VP Materials		216,856		1,155,915

ProFund VP Mid-Cap		281,738		707,398

ProFund VP NASDAQ-100		3,240,374		2,380,719

ProFund VP Pharmaceuticals		207,045		674,694

ProFund VP Precious Metals		882,859		608,399

ProFund VP Short Emerging Markets		357,752		262,996

ProFund VP Short International		177,632		155,444

ProFund VP Short NASDAQ-100		1,088,494		1,082,452

ProFund VP Short Small-Cap		326,925		199,525

ProFund VP Small-Cap		278,759		444,177

ProFund VP Small-Cap Value		304,772		293,545

ProFund VP U.S. Government Plus		24,010		116,078

ProFund VP UltraSmall-Cap		416,039		318,784

ProFund VP Utilities		478,758		1,029,233

TA Aegon Bond Initial Class		1,878,550		3,404,662

TA Aegon Bond Service Class		3,817		5,890

TA Aegon Core Bond Initial Class		2,731,767		3,930,806

TA Aegon Core Bond Service Class		11,150		13,503

TA Aegon High Yield Bond Initial Class		1,715,429		1,860,985

TA Aegon High Yield Bond Service Class		2,291		996

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

3. Investments (continued)


Subaccount	Purchases		Sales

TA Aegon Sustainable Equity Income Initial Class	$	3,034,721	$	5,915,775

TA Aegon Sustainable Equity Income Service Class		16,387		19,458

TA Aegon U.S. Government Securities Initial Class		371,373		781,589

TA Aegon U.S. Government Securities Service Class		1,260		1,177

TA BlackRock Government Money Market Initial Class		8,341,796		13,190,079

TA BlackRock Government Money Market Service Class		144,574		372,293

TA BlackRock iShares Active Asset Allocation - Conservative Service Class		5,976		208,211

TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		15,443		137,502

TA BlackRock iShares Edge 40 Initial Class		349,268		389,869

TA BlackRock iShares Edge 40 Service Class		649		685

TA BlackRock Real Estate Securities Initial Class		1,001,306		2,277,501

TA BlackRock Real Estate Securities Service Class		20,932		12,533

TA BlackRock Tactical Allocation Service Class		223,717		375,475

TA Goldman Sachs Managed Risk - Balanced ETF Service Class		964,653		958,126

TA Goldman Sachs Managed Risk - Growth ETF Service Class		222,222		335,791

TA International Focus Initial Class		1,669,424		3,095,021

TA International Focus Service Class		5,543		9,152

TA Janus Balanced Service Class		1,872,976		987,728

TA Janus Mid-Cap Growth Initial Class		18,528,587		10,274,711

TA Janus Mid-Cap Growth Service Class		121,992		21,250

TA JPMorgan Asset Allocation - Conservative Initial Class		2,626,336		4,409,862

TA JPMorgan Asset Allocation - Conservative Service Class		12,988		97,740

TA JPMorgan Asset Allocation - Growth Initial Class		3,201,419		7,620,417

TA JPMorgan Asset Allocation - Growth Service Class		73,147		124,894

TA JPMorgan Asset Allocation - Moderate Initial Class		3,275,572		9,435,535

TA JPMorgan Asset Allocation - Moderate Service Class		73,916		64,759

TA JPMorgan Asset Allocation - Moderate Growth Initial Class		8,404,852		13,774,514

TA JPMorgan Asset Allocation - Moderate Growth Service Class		226,384		400,434

TA JPMorgan Enhanced Index Initial Class		6,052,404		4,377,711

TA JPMorgan Enhanced Index Service Class		4,244		2,685

TA JPMorgan International Moderate Growth Initial Class		129,608		364,351

TA JPMorgan International Moderate Growth Service Class		1,626		845

TA JPMorgan Mid Cap Value Initial Class		852,383		827,464

TA JPMorgan Mid Cap Value Service Class		10,121		1,262

TA JPMorgan Tactical Allocation Initial Class		803,180		2,830,436

TA JPMorgan Tactical Allocation Service Class		13,992		12,159

TA Multi-Managed Balanced Initial Class		7,214,332		11,444,459

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

3. Investments (continued)


Subaccount	Purchases		Sales

TA Multi-Managed Balanced Service Class	$	26,569	$	69,498

TA PIMCO Tactical - Balanced Service Class		119,491		116,763

TA PIMCO Tactical - Conservative Service Class		207,996		466,301

TA PIMCO Tactical - Growth Service Class		20,754		139,951

TA Small/Mid Cap Value Initial Class		8,098,922		8,197,614

TA Small/Mid Cap Value Service Class		152,611		72,391

TA T. Rowe Price Small Cap Initial Class		2,587,097		5,206,311

TA T. Rowe Price Small Cap Service Class		23,057		14,407

TA WMC US Growth Initial Class		55,738,978		43,448,112

TA WMC US Growth Service Class		294,919		128,577

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

4. Change in Units

The change in units outstanding were as follows:


	Year Ended December 31, 2023								Year Ended December 31, 2022
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)

Fidelity^® VIP Contrafund^® Service Class 2		3,427		(49,453	)		(46,026	)		6,904		(57,071	)		(50,167	)

Fidelity^® VIP Equity-Income Service Class 2		90		(19,457	)		(19,367	)		390		(20,522	)		(20,132	)

Fidelity^® VIP Growth Opportunities Service Class 2		1,175		(3,938	)		(2,763	)		2,711		(14,329	)		(11,618	)

Fidelity^® VIP Index 500 Service Class 2		172		(118	)		54			86		(12	)		74

ProFund Access VP High Yield		37,519		(58,477	)		(20,958	)		49,623		(37,118	)		12,505

ProFund VP Asia 30		27,506		(41,635	)		(14,129	)		20,206		(21,184	)		(978	)

ProFund VP Bull		58,785		(71,621	)		(12,836	)		84,273		(116,242	)		(31,969	)

ProFund VP Communication Services		43,266		(21,151	)		22,115			3,546		(7,027	)		(3,481	)

ProFund VP Consumer Discretionary		10,694		(16,918	)		(6,224	)		3,721		(28,813	)		(25,092	)

ProFund VP Emerging Markets		170,160		(205,708	)		(35,548	)		110,207		(97,725	)		12,482

ProFund VP Energy		70,560		(177,514	)		(106,954	)		180,948		(169,143	)		11,805

ProFund VP Europe 30		23,492		(28,390	)		(4,898	)		13,337		(34,790	)		(21,453	)

ProFund VP Falling U.S. Dollar		20,705		(20,768	)		(63	)		38		(3,256	)		(3,218	)

ProFund VP Financials		7,369		(41,418	)		(34,049	)		23,354		(71,762	)		(48,408	)

ProFund VP Government Money Market		794,022		(801,194	)		(7,172	)		1,102,898		(723,373	)		379,525

ProFund VP International		32,637		(98,813	)		(66,176	)		24,171		(67,389	)		(43,218	)

ProFund VP Japan		16,178		(25,609	)		(9,431	)		18,686		(36,236	)		(17,550	)

ProFund VP Materials		12,566		(66,188	)		(53,622	)		30,714		(19,864	)		10,850

ProFund VP Mid-Cap		13,563		(32,124	)		(18,561	)		25,907		(81,166	)		(55,259	)

ProFund VP NASDAQ-100		50,383		(38,107	)		12,276			41,901		(65,577	)		(23,676	)

ProFund VP Pharmaceuticals		8,675		(33,805	)		(25,130	)		6,854		(22,161	)		(15,307	)

ProFund VP Precious Metals		156,419		(111,045	)		45,374			117,703		(105,263	)		12,440

ProFund VP Short Emerging Markets		228,980		(173,781	)		55,199			42,121		(71,358	)		(29,237	)

ProFund VP Short International		77,819		(70,014	)		7,805			21,124		(21,374	)		(250	)

ProFund VP Short NASDAQ-100		2,389,162		(2,306,096	)		83,066			2,557,138		(2,081,105	)		476,033

ProFund VP Short Small-Cap		423,776		(265,672	)		158,104			1,113,280		(948,569	)		164,711

ProFund VP Small-Cap		13,858		(21,312	)		(7,454	)		6,240		(14,449	)		(8,209	)

ProFund VP Small-Cap Value		12,357		(14,131	)		(1,774	)		29,852		(38,415	)		(8,563	)

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

4. Change in Units (continued)


	Year Ended December 31, 2023								Year Ended December 31, 2022
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)

ProFund VP U.S. Government Plus		1,221		(10,283	)		(9,062	)		3,080		(16,832	)		(13,752	)

ProFund VP UltraSmall-Cap		30,591		(20,998	)		9,593			37,885		(29,260	)		8,625

ProFund VP Utilities		24,109		(54,898	)		(30,789	)		73,801		(44,824	)		28,977

TA Aegon Bond Initial Class		121,614		(218,228	)		(96,614	)		102,577		(385,768	)		(283,191	)

TA Aegon Bond Service Class		252		(357	)		(105	)		6		(1,964	)		(1,958	)

TA Aegon Core Bond Initial Class		91,011		(147,032	)		(56,021	)		90,867		(181,462	)		(90,595	)

TA Aegon Core Bond Service Class		366		(683	)		(317	)		39		(1,726	)		(1,687	)

TA Aegon High Yield Bond Initial Class		66,852		(76,460	)		(9,608	)		30,861		(54,459	)		(23,598	)

TA Aegon High Yield Bond Service Class		-		(11	)		(11	)		562		(625	)		(63	)

TA Aegon Sustainable Equity Income Initial Class		60,559		(144,213	)		(83,654	)		56,298		(170,150	)		(113,852	)

TA Aegon Sustainable Equity Income Service Class		293		(497	)		(204	)		40		(8,573	)		(8,533	)

TA Aegon U.S. Government Securities Initial Class		26,795		(57,115	)		(30,320	)		55,825		(91,778	)		(35,953	)

TA Aegon U.S. Government Securities Service Class		-		(7	)		(7	)		-		(8	)		(8	)

TA BlackRock Government Money Market Initial Class		593,976		(1,003,206	)		(409,230	)		1,342,748		(1,026,323	)		316,425

TA BlackRock Government Money Market Service Class		15,151		(41,051	)		(25,900	)		7,508		(31,774	)		(24,266	)

TA BlackRock iShares Active Asset Allocation - Conservative Service Class		17		(17,113	)		(17,096	)		15,952		(34,785	)		(18,833	)

TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		223		(9,994	)		(9,771	)		1,238		(10,617	)		(9,379	)

TA BlackRock iShares Edge 40 Initial Class		15,459		(19,783	)		(4,324	)		1,282		(10,821	)		(9,539	)

TA BlackRock iShares Edge 40 Service Class		-		(23	)		(23	)		-		(130	)		(130	)

TA BlackRock Real Estate Securities Initial Class		9,377		(68,462	)		(59,085	)		52,273		(86,259	)		(33,986	)

TA BlackRock Real Estate Securities Service Class		144		(310	)		(166	)		278		(759	)		(481	)

TA BlackRock Tactical Allocation Service Class		957		(25,292	)		(24,335	)		26,393		(66,536	)		(40,143	)

TA Goldman Sachs Managed Risk - Balanced ETF Service Class		48,441		(64,553	)		(16,112	)		29,481		(33,151	)		(3,670	)

TA Goldman Sachs Managed Risk - Growth ETF Service Class		4,959		(18,011	)		(13,052	)		11,454		(27,418	)		(15,964	)

TA International Focus Initial Class		67,462		(151,552	)		(84,090	)		61,775		(166,036	)		(104,261	)

TA International Focus Service Class		94		(252	)		(158	)		209		(954	)		(745	)

TA Janus Balanced Service Class		828,614		(467,019	)		361,595			551,828		(918,885	)		(367,057	)

TA Janus Mid-Cap Growth Initial Class		38,772		(122,507	)		(83,735	)		16,654		(131,722	)		(115,068	)

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

4. Change in Units (continued)


	Year Ended December 31, 2023								Year Ended December 31, 2022
Subaccount	Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)			Units Purchased		Units Redeemed and Transferred to/from			Net Increase (Decrease)

TA Janus Mid-Cap Growth Service Class		187		(298	)		(111	)		43		(1,621	)		(1,578	)

TA JPMorgan Asset Allocation - Conservative Initial Class		127,995		(228,137	)		(100,142	)		120,297		(411,017	)		(290,720	)

TA JPMorgan Asset Allocation - Conservative Service Class		90		(4,600	)		(4,510	)		28		(3,235	)		(3,207	)

TA JPMorgan Asset Allocation - Growth Initial Class		48,463		(244,569	)		(196,106	)		45,747		(216,292	)		(170,545	)

TA JPMorgan Asset Allocation - Growth Service Class		159		(2,847	)		(2,688	)		417		(3,214	)		(2,797	)

TA JPMorgan Asset Allocation - Moderate Initial Class		102,164		(411,969	)		(309,805	)		157,890		(476,705	)		(318,815	)

TA JPMorgan Asset Allocation - Moderate Service Class		3,066		(3,542	)		(476	)		2,812		(16,233	)		(13,421	)

TA JPMorgan Asset Allocation - Moderate Growth Initial Class		113,110		(528,120	)		(415,010	)		197,636		(746,251	)		(548,615	)

TA JPMorgan Asset Allocation - Moderate Growth Service Class		3,135		(15,028	)		(11,893	)		1,980		(14,876	)		(12,896	)

TA JPMorgan Enhanced Index Initial Class		97,290		(93,384	)		3,906			102,524		(133,952	)		(31,428	)

TA JPMorgan Enhanced Index Service Class		3		(32	)		(29	)		4		(512	)		(508	)

TA JPMorgan International Moderate Growth Initial Class		7,996		(26,672	)		(18,676	)		16,439		(41,262	)		(24,823	)

TA JPMorgan International Moderate Growth Service Class		107		(45	)		62			70		(25	)		45

TA JPMorgan Mid Cap Value Initial Class		2,538		(16,904	)		(14,366	)		1,531		(25,586	)		(24,055	)

TA JPMorgan Mid Cap Value Service Class		-		(2	)		(2	)		-		(1	)		(1	)

TA JPMorgan Tactical Allocation Initial Class		16,322		(75,819	)		(59,497	)		38,290		(116,314	)		(78,024	)

TA JPMorgan Tactical Allocation Service Class		624		(562	)		62			476		(4,277	)		(3,801	)

TA Multi-Managed Balanced Initial Class		86,222		(303,155	)		(216,933	)		124,299		(375,862	)		(251,563	)

TA Multi-Managed Balanced Service Class		48		(1,736	)		(1,688	)		56		(1,723	)		(1,667	)

TA PIMCO Tactical - Balanced Service Class		98,501		(89,701	)		8,800			5,913		(73,962	)		(68,049	)

TA PIMCO Tactical - Conservative Service Class		99,337		(377,226	)		(277,889	)		182,152		(233,244	)		(51,092	)

TA PIMCO Tactical - Growth Service Class		9,409		(92,220	)		(82,811	)		23,116		(74,295	)		(51,179	)

TA Small/Mid Cap Value Initial Class		42,070		(158,597	)		(116,527	)		49,241		(192,922	)		(143,681	)

TA Small/Mid Cap Value Service Class		221		(1,121	)		(900	)		55		(3,261	)		(3,206	)

TA T. Rowe Price Small Cap Initial Class		36,929		(111,296	)		(74,367	)		25,827		(101,223	)		(75,396	)

TA T. Rowe Price Small Cap Service Class		121		(174	)		(53	)		54		(38	)		16

TA WMC US Growth Initial Class		891,766		(725,383	)		166,383			47,603		(812,478	)		(764,875	)

TA WMC US Growth Service Class		4,458		(1,725	)		2,733			378		(4,909	)		(4,531	)

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)


	Year Ended December 31, 2023								Year Ended December 31, 2022
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)

Fidelity^® VIP Contrafund^® Service Class 2	$	106,402	$	(2,044,993	)	$	(1,938,591	)	$	284,779	$	(2,223,658	)	$	(1,938,879	)

Fidelity^® VIP Equity-Income Service Class 2		2,202		(599,168	)		(596,966	)		10,006		(606,035	)		(596,029	)

Fidelity^® VIP Growth Opportunities Service Class 2		47,640		(154,291	)		(106,651	)		121,838		(544,117	)		(422,279	)

Fidelity^® VIP Index 500 Service Class 2		6,959		(4,744	)		2,215			3,296		(464	)		2,832

ProFund Access VP High Yield		655,774		(1,002,337	)		(346,563	)		844,140		(607,920	)		236,220

ProFund VP Asia 30		222,565		(333,055	)		(110,490	)		179,564		(173,780	)		5,784

ProFund VP Bull		1,584,506		(1,894,844	)		(310,338	)		2,309,318		(3,145,534	)		(836,216	)

ProFund VP Communication Services		500,796		(227,186	)		273,610			32,677		(74,765	)		(42,088	)

ProFund VP Consumer Discretionary		295,048		(475,950	)		(180,902	)		122,776		(828,050	)		(705,274	)

ProFund VP Emerging Markets		1,327,696		(1,606,480	)		(278,784	)		903,523		(741,696	)		161,827

ProFund VP Energy		773,459		(1,891,108	)		(1,117,649	)		1,817,258		(1,793,549	)		23,709

ProFund VP Europe 30		233,578		(294,332	)		(60,754	)		133,133		(337,331	)		(204,198	)

ProFund VP Falling U.S. Dollar		105,576		(104,912	)		664			183		(17,193	)		(17,010	)

ProFund VP Financials		127,037		(502,794	)		(375,757	)		324,594		(975,712	)		(651,118	)

ProFund VP Government Money Market		6,846,748		(6,944,960	)		(98,212	)		9,552,562		(6,275,892	)		3,276,670

ProFund VP International		273,402		(803,897	)		(530,495	)		194,511		(540,204	)		(345,693	)

ProFund VP Japan		202,104		(311,716	)		(109,612	)		199,903		(388,680	)		(188,777	)

ProFund VP Materials		206,424		(1,120,699	)		(914,275	)		527,847		(329,049	)		198,798

ProFund VP Mid-Cap		283,476		(653,259	)		(369,783	)		523,097		(1,586,486	)		(1,063,389	)

ProFund VP NASDAQ-100		3,209,324		(2,246,266	)		963,058			2,363,045		(3,688,020	)		(1,324,975	)

ProFund VP Pharmaceuticals		162,864		(646,222	)		(483,358	)		151,208		(474,955	)		(323,747	)

ProFund VP Precious Metals		884,460		(579,387	)		305,073			746,977		(605,906	)		141,071

ProFund VP Short Emerging Markets		357,274		(261,776	)		95,498			71,409		(119,812	)		(48,403	)

ProFund VP Short International		175,005		(154,719	)		20,286			51,616		(52,698	)		(1,082	)

ProFund VP Short NASDAQ-100		1,088,243		(1,078,349	)		9,894			1,288,216		(1,020,156	)		268,060

ProFund VP Short Small-Cap		313,612		(197,361	)		116,251			793,602		(667,476	)		126,126

ProFund VP Small-Cap		280,382		(414,130	)		(133,748	)		115,805		(275,970	)		(160,165	)

ProFund VP Small-Cap Value		216,743		(267,276	)		(50,533	)		597,585		(775,153	)		(177,568	)

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)


	Year Ended December 31, 2023								Year Ended December 31, 2022
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)

ProFund VP U.S. Government Plus	$	12,417	$	(111,831	)	$	(99,414)		$	42,408	$	(239,983	)	$	(197,575	)

ProFund VP UltraSmall-Cap		418,346		(296,494	)		121,852			644,261		(546,427	)		97,834

ProFund VP Utilities		442,715		(990,998	)		(548,283	)		1,532,626		(884,209	)		648,417

TA Aegon Bond Initial Class		1,753,142		(3,191,527	)		(1,438,385	)		1,488,716		(5,908,509	)		(4,419,793	)

TA Aegon Bond Service Class		3,285		(4,668	)		(1,383	)		76		(26,521	)		(26,445	)

TA Aegon Core Bond Initial Class		2,134,291		(3,634,953	)		(1,500,662	)		1,831,653		(4,462,246	)		(2,630,593	)

TA Aegon Core Bond Service Class		4,920		(9,453	)		(4,533	)		635		(25,614	)		(24,979	)

TA Aegon High Yield Bond Initial Class		1,511,930		(1,797,450	)		(285,520	)		733,060		(1,269,682	)		(536,622	)

TA Aegon High Yield Bond Service Class		-		(242	)		(242	)		12,422		(13,881	)		(1,459	)

TA Aegon Sustainable Equity Income Initial Class		2,129,143		(5,365,523	)		(3,236,380	)		1,348,675		(6,042,451	)		(4,693,776	)

TA Aegon Sustainable Equity Income Service Class		9,114		(14,672	)		(5,558	)		1,173		(265,488	)		(264,315	)

TA Aegon U.S. Government Securities Initial Class		290,417		(713,536	)		(423,119	)		645,190		(1,143,414	)		(498,224	)

TA Aegon U.S. Government Securities Service Class		-		(88	)		(88	)		-		(89	)		(89	)

TA BlackRock Government Money Market Initial Class		6,899,889		(12,783,909	)		(5,884,020	)		16,507,807		(12,564,442	)		3,943,365

TA BlackRock Government Money Market Service Class		133,425		(368,977	)		(235,552	)		70,797		(293,932	)		(223,135	)

TA BlackRock iShares Active Asset Allocation - Conservative Service Class		201		(202,433	)		(202,232	)		193,523		(437,361	)		(243,838	)

TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		2,497		(123,970	)		(121,473	)		15,158		(125,498	)		(110,340	)

TA BlackRock iShares Edge 40 Initial Class		292,729		(369,119	)		(76,390	)		20,879		(186,434	)		(165,555	)

TA BlackRock iShares Edge 40 Service Class		-		(452	)		(452	)		-		(2,496	)		(2,496	)

TA BlackRock Real Estate Securities Initial Class		249,061		(2,107,948	)		(1,858,887	)		1,175,858		(2,837,228	)		(1,661,370	)

TA BlackRock Real Estate Securities Service Class		3,857		(8,342	)		(4,485	)		7,714		(24,456	)		(16,742	)

TA BlackRock Tactical Allocation Service Class		11,644		(325,325	)		(313,681	)		349,409		(864,007	)		(514,598	)

TA Goldman Sachs Managed Risk - Balanced ETF Service Class		659,748		(907,115	)		(247,367	)		406,282		(458,236	)		(51,954	)

TA Goldman Sachs Managed Risk - Growth ETF Service Class		79,273		(286,132	)		(206,859	)		172,888		(414,810	)		(241,922	)

TA International Focus Initial Class		1,213,716		(2,775,786	)		(1,562,070	)		1,092,010		(3,052,792	)		(1,960,782	)

TA International Focus Service Class		2,683		(7,079	)		(4,396	)		5,717		(26,865	)		(21,148	)

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)


	Year Ended December 31, 2023								Year Ended December 31, 2022
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)

TA Janus Balanced Service Class	$	1,552,685	$	(887,948	)	$	664,737		$	1,047,899	$	(1,774,503	)	$	(726,604	)

TA Janus Mid-Cap Growth Initial Class		1,667,644		(9,076,774	)		(7,409,130	)		1,074,303		(11,114,347	)		(10,040,044	)

TA Janus Mid-Cap Growth Service Class		8,747		(13,330	)		(4,583	)		1,925		(72,975	)		(71,050	)

TA JPMorgan Asset Allocation - Conservative Initial Class		2,081,170		(4,050,815	)		(1,969,645	)		2,099,101		(7,515,598	)		(5,416,497	)

TA JPMorgan Asset Allocation - Conservative Service Class		1,758		(89,951	)		(88,193	)		646		(62,485	)		(61,839	)

TA JPMorgan Asset Allocation - Growth Initial Class		1,384,420		(6,821,082	)		(5,436,662	)		1,282,243		(6,110,016	)		(4,827,773	)

TA JPMorgan Asset Allocation - Growth Service Class		5,257		(94,361	)		(89,104	)		13,955		(111,786	)		(97,831	)

TA JPMorgan Asset Allocation - Moderate Initial Class		1,650,327		(8,612,441	)		(6,962,114	)		3,033,086		(10,094,095	)		(7,061,009	)

TA JPMorgan Asset Allocation - Moderate Service Class		39,825		(48,971	)		(9,146	)		48,901		(374,860	)		(325,959	)

TA JPMorgan Asset Allocation - Moderate Growth Initial Class		2,535,210		(12,461,953	)		(9,926,743	)		3,797,178		(16,880,777	)		(13,083,599	)

TA JPMorgan Asset Allocation - Moderate Growth Service Class		45,572		(363,012	)		(317,440	)		30,430		(409,964	)		(379,534	)

TA JPMorgan Enhanced Index Initial Class		3,934,125		(3,856,649	)		77,476			4,180,909		(5,336,512	)		(1,155,603	)

TA JPMorgan Enhanced Index Service Class		122		(1,721	)		(1,599	)		197		(26,371	)		(26,174	)

TA JPMorgan International Moderate Growth Initial Class		102,421		(339,434	)		(237,013	)		215,580		(535,243	)		(319,663	)

TA JPMorgan International Moderate Growth Service Class		1,342		(569	)		773			964		(302	)		662

TA JPMorgan Mid Cap Value Initial Class		84,394		(725,911	)		(641,517	)		49,140		(985,162	)		(936,022	)

TA JPMorgan Mid Cap Value Service Class		-		(55	)		(55	)		-		(62	)		(62	)

TA JPMorgan Tactical Allocation Initial Class		442,113		(2,576,198	)		(2,134,085	)		851,720		(3,831,053	)		(2,979,333	)

TA JPMorgan Tactical Allocation Service Class		10,299		(9,127	)		1,172			8,584		(76,562	)		(67,978	)

TA Multi-Managed Balanced Initial Class		2,766,820		(10,273,110	)		(7,506,290	)		3,325,665		(12,250,506	)		(8,924,841	)

TA Multi-Managed Balanced Service Class		1,644		(62,127	)		(60,483	)		1,890		(59,619	)		(57,729	)

TA PIMCO Tactical - Balanced Service Class		111,848		(106,837	)		5,011			7,334		(95,604	)		(88,270	)

TA PIMCO Tactical - Conservative Service Class		192,854		(449,066	)		(256,212	)		236,496		(307,509	)		(71,013	)

TA PIMCO Tactical - Growth Service Class		12,631		(125,863	)		(113,232	)		218,287		(128,878	)		89,409

TA Small/Mid Cap Value Initial Class		1,570,787		(7,398,001	)		(5,827,214	)		2,127,582		(8,666,642	)		(6,539,060	)

TA Small/Mid Cap Value Service Class		10,885		(55,679	)		(44,794	)		2,714		(156,156	)		(153,442	)

TA T. Rowe Price Small Cap Initial Class		1,562,396		(4,854,270	)		(3,291,874	)		1,103,665		(4,256,637	)		(3,152,972	)

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

4. Change in Unit Dollars (continued)


	Year Ended December 31, 2023								Year Ended December 31, 2022
Subaccount	Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)			Units Purchased in Dollars		Units Redeemed and Transferred to/from in Dollars			Dollar Net Increase (Decrease)

TA T. Rowe Price Small Cap Service Class	$	6,981	$	(9,598	)	$	(2,617	)	$	2,996	$	(2,155	)	$	841

TA WMC US Growth Initial Class		43,189,041		(38,015,771	)		5,173,270			2,235,852		(40,282,763	)		(38,046,911	)

TA WMC US Growth Service Class		229,593		(100,734	)		128,859			18,855		(247,232	)		(228,377	)

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights

The Separate Account offers various death benefit options, which have differing fees that are charged against the contract owner’s account balance. These charges are discussed in more detail in the individual’s policy. Differences in the fee structures for these units result in different unit values, expense ratios, and total returns.


		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return*** Corresponding to Lowest to Highest Expense Ratio


Fidelity^® VIP Contrafund^® Service Class 2
	12/31/2023		453,410	$	49.17	to	$	20.08	$	21,325,082		0.26	%		1.25	%	to	2.50	%		31.48	%	to	29.88	%
	12/31/2022		499,436		37.39	to		15.46		17,928,851		0.26			1.25		to	2.50			(27.39	)	to	(28.28	)
	12/31/2021		549,603		51.50	to		21.55		27,193,887		0.03			1.25		to	2.50			25.94		to	24.40
	12/31/2020		706,088		40.90	to		17.32		27,823,054		0.08			1.25		to	2.50			28.63		to	27.06
	12/31/2019		770,478		31.79	to		13.63		23,647,400		0.21			1.25		to	2.50			29.65		to	28.07
Fidelity^® VIP Equity-Income Service Class 2
	12/31/2023		180,906		34.25	to		15.11		5,939,103		1.71			1.25		to	2.50			9.02		to	7.69
	12/31/2022		200,273		31.41	to		14.03		6,040,292		1.68			1.25		to	2.50			(6.41	)	to	(7.55	)
	12/31/2021		220,405		33.57	to		15.18		7,101,244		1.60			1.25		to	2.50			23.07		to	21.57
	12/31/2020		260,554		27.27	to		12.49		6,832,372		1.63			1.25		to	2.50			5.13		to	3.84
	12/31/2019		289,721		25.94	to		12.02		7,237,308		1.80			1.25		to	2.50			25.54		to	24.01
Fidelity^® VIP Growth Opportunities Service Class 2
	12/31/2023		77,200		47.02	to		29.75		3,493,162		-			1.25		to	2.50			43.52		to	41.77
	12/31/2022		79,963		32.76	to		20.98		2,525,364		-			1.25		to	2.50			(39.08	)	to	(39.82	)
	12/31/2021		91,581		53.78	to		34.87		4,762,403		-			1.25		to	2.50			10.29		to	8.95
	12/31/2020		107,222		48.76	to		32.00		5,062,921		-			1.25		to	2.50			66.16		to	64.13
	12/31/2019		134,060		29.35	to		19.50		3,807,868		-			1.25		to	2.50			38.76		to	37.07
Fidelity^® VIP Index 500 Service Class 2
	12/31/2023		1,548		45.34	to		41.95		70,180		1.33			1.40		to	1.80			24.15		to	23.66
	12/31/2022		1,494		36.52	to		33.92		54,547		1.24			1.40		to	1.80			(19.54	)	to	(19.86	)
	12/31/2021		1,420		45.39	to		42.33		64,453		1.08			1.40		to	1.80			26.49		to	25.99
	12/31/2020		1,310		35.89	to		33.59		47,023		1.59			1.40		to	1.80			16.32		to	15.86
	12/31/2019		1,242		30.85	to		29.00		38,314		1.62			1.40		to	1.80			29.21		to	28.70
ProFund Access VP High Yield
	12/31/2023		93,375		18.85	to		10.04		1,713,633		5.13			1.25		to	2.50			9.07		to	7.74
	12/31/2022		114,333		17.28	to		9.32		1,929,570		3.59			1.25		to	2.50			(9.10	)	to	(10.21	)
	12/31/2021		101,828		19.01	to		10.38		1,883,803		2.50			1.25		to	2.50			(0.97	)	to	(2.17	)
	12/31/2020		122,310		19.20	to		10.61		2,291,643		5.31			1.25		to	2.50			(1.30	)	to	(2.50	)
	12/31/2019		129,072		19.45	to		10.88		2,452,609		4.73			1.25		to	2.50			11.04		to	9.69
ProFund VP Asia 30
	12/31/2023		51,092		8.57	to		9.00		432,224		0.11			1.25		to	2.50			3.03		to	1.78
	12/31/2022		65,221		8.32	to		8.84		532,055		0.54			1.25		to	2.50			(25.36	)	to	(26.27	)
	12/31/2021		66,199		11.14	to		12.00		726,995		-			1.25		to	2.50			(19.53	)	to	(20.51	)
	12/31/2020		100,089		13.85	to		15.09		1,364,711		1.08			1.25		to	2.50			33.88		to	32.24
	12/31/2019		132,954		10.34	to		11.41		1,353,350		0.22			1.25		to	2.50			24.75		to	23.22
ProFund VP Bull
	12/31/2023		238,243		31.59	to		25.25		7,237,438		-			1.25		to	2.65			22.22		to	20.56
	12/31/2022		251,079		25.85	to		20.95		6,224,391		-			1.25		to	2.65			(20.73	)	to	(21.81	)
	12/31/2021		283,048		32.61	to		26.79		8,841,342		-			1.25		to	2.65			24.77		to	23.07
	12/31/2020		376,125		26.13	to		21.77		9,418,645		0.09			1.25		to	2.65			14.60		to	13.04
	12/31/2019		406,666		22.81	to		19.26		8,923,383		0.33			1.25		to	2.65			27.29		to	25.55
ProFund VP Communication Services
	12/31/2023		66,518		12.73	to		10.56		821,968		0.82			1.25		to	2.50			30.19		to	28.61
	12/31/2022		44,403		9.78	to		8.21		419,616		1.89			1.25		to	2.50			(22.19	)	to	(23.14	)
	12/31/2021		47,884		12.57	to		10.68		588,782		1.14			1.25		to	2.50			16.95		to	15.53
	12/31/2020		67,940		10.75	to		9.25		717,231		0.86			1.25		to	2.50			1.88		to	0.63
	12/31/2019		75,578		10.55	to		9.19		788,893		3.37			1.25		to	2.50			13.35		to	11.97

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)


		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return*** Corresponding to Lowest to Highest Expense Ratio


ProFund VP Consumer Discretionary
	12/31/2023		79,715	$	34.33	to	$	15.56	$	2,631,666		-	%		1.25	%	to	2.50	%		30.43	%	to	28.85	%
	12/31/2022		85,939		26.32	to		12.08		2,175,739		-			1.25		to	2.50			(32.38	)	to	(33.20	)
	12/31/2021		111,031		38.92	to		18.08		4,168,648		-			1.25		to	2.50			8.87		to	7.54
	12/31/2020		145,879		35.75	to		16.81		5,055,158		-			1.25		to	2.50			26.76		to	25.22
	12/31/2019		160,964		28.20	to		13.43		4,431,509		-			1.25		to	2.50			23.10		to	21.60
ProFund VP Emerging Markets
	12/31/2023		894,836		8.36	to		7.68		7,304,215		2.07			1.25		to	2.65			13.89		to	12.34
	12/31/2022		930,384		7.34	to		6.84		6,679,947		0.64			1.25		to	2.65			(17.23	)	to	(18.35	)
	12/31/2021		917,902		8.87	to		8.37		7,968,747		-			1.25		to	2.65			(19.03	)	to	(20.13	)
	12/31/2020		731,406		10.96	to		10.49		7,851,658		0.60			1.25		to	2.65			25.16		to	23.45
	12/31/2019		877,583		8.75	to		8.49		7,535,763		0.47			1.25		to	2.65			22.70		to	21.03
ProFund VP Energy
	12/31/2023		277,909		11.02	to		9.98		2,983,306		2.27			1.25		to	2.50			(3.70	)	to	(4.87	)
	12/31/2022		384,863		11.45	to		10.49		4,296,952		0.89			1.25		to	2.50			57.47		to	55.55
	12/31/2021		373,058		7.27	to		6.75		2,655,752		1.83			1.25		to	2.50			50.06		to	48.23
	12/31/2020		236,402		4.84	to		4.55		1,122,213		2.48			1.25		to	2.50			(35.27	)	to	(36.06	)
	12/31/2019		236,439		7.48	to		7.12		1,736,836		1.37			1.25		to	2.50			7.18		to	5.87
ProFund VP Europe 30
	12/31/2023		45,708		10.79	to		14.44		492,687		1.98			1.25		to	2.65			16.02		to	14.44
	12/31/2022		50,606		9.30	to		12.62		482,242		1.21			1.25		to	2.65			(8.90	)	to	(10.14	)
	12/31/2021		72,059		10.21	to		14.04		755,432		0.91			1.25		to	2.65			22.99		to	21.32
	12/31/2020		65,194		8.30	to		11.58		569,569		2.59			1.25		to	2.65			(10.35	)	to	(11.58	)
	12/31/2019		77,818		9.26	to		13.09		765,882		2.74			1.25		to	2.65			16.33		to	14.75
ProFund VP Falling U.S. Dollar
	12/31/2023		4,149		5.23	to		7.50		21,127		-			1.25		to	2.50			1.97		to	0.73
	12/31/2022		4,212		5.13	to		7.45		21,067		-			1.25		to	2.50			(9.89	)	to	(10.98	)
	12/31/2021		7,430		5.69	to		8.36		41,354		-			1.25		to	2.50			(9.17	)	to	(10.28	)
	12/31/2020		9,924		6.26	to		9.32		61,308		0.33			1.25		to	2.50			3.51		to	2.25
	12/31/2019		4,565		6.05	to		9.12		27,080		0.05			1.25		to	2.50			(3.55	)	to	(4.72	)
ProFund VP Financials
	12/31/2023		141,527		13.87	to		14.15		1,996,965		0.45			1.25		to	2.50			12.48		to	11.12
	12/31/2022		175,576		12.33	to		12.73		2,160,194		0.09			1.25		to	2.50			(16.19	)	to	(17.21	)
	12/31/2021		223,984		14.71	to		15.38		3,298,703		0.34			1.25		to	2.50			28.50		to	26.93
	12/31/2020		249,878		11.45	to		12.12		2,851,968		0.65			1.25		to	2.50			(2.98	)	to	(4.17	)
	12/31/2019		305,753		11.80	to		12.64		3,585,937		0.51			1.25		to	2.50			28.66		to	27.09
ProFund VP Government Money Market
	12/31/2023		911,193		9.18	to		7.84		7,954,722		4.07			1.25		to	2.65			2.87		to	1.47
	12/31/2022		918,365		8.93	to		7.73		7,852,944		1.18			1.25		to	2.65			(0.20	)	to	(1.56	)
	12/31/2021		538,840		8.94	to		7.85		4,602,129		0.01			1.25		to	2.65			(1.22	)	to	(2.57	)
	12/31/2020		731,645		9.05	to		8.05		6,362,890		0.03			1.25		to	2.65			(1.19	)	to	(2.54	)
	12/31/2019		417,993		9.16	to		8.26		3,677,097		0.82			1.25		to	2.65			(0.47	)	to	(1.83	)
ProFund VP International
	12/31/2023		704,237		8.70	to		11.31		6,012,374		-			1.25		to	2.65			14.13		to	12.58
	12/31/2022		770,413		7.62	to		10.05		5,783,291		-			1.25		to	2.65			(17.48	)	to	(18.60	)
	12/31/2021		813,631		9.24	to		12.34		7,428,870		-			1.25		to	2.65			7.48		to	6.01
	12/31/2020		158,381		8.60	to		11.64		1,427,556		0.49			1.25		to	2.65			3.60		to	2.19
	12/31/2019		186,580		8.30	to		11.39		1,634,996		0.26			1.25		to	2.65			17.80		to	16.19
ProFund VP Japan
	12/31/2023		25,918		13.63	to		15.28		338,251		-			1.25		to	2.50			32.86		to	31.24
	12/31/2022		35,349		10.26	to		11.64		350,609		-			1.25		to	2.50			(11.03	)	to	(12.12	)
	12/31/2021		52,899		11.53	to		13.25		601,080		-			1.25		to	2.50			2.61		to	1.36
	12/31/2020		41,789		11.24	to		13.07		468,936		0.28			1.25		to	2.50			14.50		to	13.11
	12/31/2019		47,925		9.81	to		11.55		471,613		0.13			1.25		to	2.50			18.52		to	17.07

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)


		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return*** Corresponding to Lowest to Highest Expense Ratio


ProFund VP Materials
	12/31/2023		106,183	$	18.57	to	$	14.42	$	1,897,008		0.46	%		1.25	%	to	2.50	%		10.99	%	to	9.64	%
	12/31/2022		159,805		16.73	to		13.16		2,589,298		0.18			1.25		to	2.50			(10.26	)	to	(11.35	)
	12/31/2021		148,955		18.64	to		14.84		2,698,572		0.24			1.25		to	2.50			24.08		to	22.57
	12/31/2020		109,717		15.02	to		12.11		1,611,889		0.67			1.25		to	2.50			15.05		to	13.64
	12/31/2019		130,845		13.06	to		10.65		1,675,113		0.33			1.25		to	2.50			16.27		to	14.85
ProFund VP Mid-Cap
	12/31/2023		183,524		22.90	to		13.19		4,064,850		-			1.25		to	2.50			12.43		to	11.06
	12/31/2022		202,085		20.37	to		11.87		3,983,851		-			1.25		to	2.50			(15.97	)	to	(16.99	)
	12/31/2021		257,344		24.24	to		14.30		6,031,406		-			1.25		to	2.50			20.70		to	19.23
	12/31/2020		147,177		20.08	to		12.00		2,805,038		1.07			1.25		to	2.50			9.39		to	8.06
	12/31/2019		125,779		18.36	to		11.10		2,186,921		0.15			1.25		to	2.50			22.00		to	20.51
ProFund VP NASDAQ-100
	12/31/2023		191,227		75.21	to		46.21		13,674,360		-			1.25		to	2.65			50.30		to	48.26
	12/31/2022		178,951		50.04	to		31.17		8,447,332		-			1.25		to	2.65			(34.73	)	to	(35.62	)
	12/31/2021		202,627		76.66	to		48.41		14,532,022		-			1.25		to	2.65			23.26		to	21.58
	12/31/2020		267,990		62.19	to		39.82		15,667,230		-			1.25		to	2.65			43.77		to	41.81
	12/31/2019		271,981		43.26	to		28.08		11,101,979		-			1.25		to	2.65			35.01		to	33.17
ProFund VP Pharmaceuticals
	12/31/2023		79,152		20.84	to		11.27		1,577,196		0.51			1.25		to	2.50			(6.66	)	to	(7.79	)
	12/31/2022		104,282		22.32	to		12.23		2,228,661		0.08			1.25		to	2.50			(7.29	)	to	(8.42	)
	12/31/2021		119,589		24.08	to		13.35		2,762,143		0.29			1.25		to	2.50			9.83		to	8.49
	12/31/2020		151,355		21.92	to		12.31		3,195,710		0.13			1.25		to	2.50			11.12		to	9.77
	12/31/2019		114,413		19.73	to		11.21		2,194,284		0.80			1.25		to	2.50			12.63		to	11.26
ProFund VP Precious Metals
	12/31/2023		377,317		5.57	to		4.81		2,038,757		-			1.25		to	2.50			0.23		to	(0.99	)
	12/31/2022		331,943		5.56	to		4.86		1,788,800		-			1.25		to	2.50			(12.12	)	to	(13.19	)
	12/31/2021		319,503		6.33	to		5.60		1,961,534		-			1.25		to	2.50			(10.06	)	to	(11.16	)
	12/31/2020		310,699		7.03	to		6.30		2,123,598		0.23			1.25		to	2.50			22.57		to	21.08
	12/31/2019		470,215		5.74	to		5.20		2,637,624		0.04			1.25		to	2.50			44.18		to	42.42
ProFund VP Short Emerging Markets
	12/31/2023		78,316		1.48	to		2.32		116,940		0.25			1.25		to	2.50			(12.86	)	to	(13.92	)
	12/31/2022		23,117		1.69	to		2.70		40,918		-			1.25		to	2.50			5.38		to	4.10
	12/31/2021		52,354		1.61	to		2.59		86,505		-			1.25		to	2.50			8.60		to	7.27
	12/31/2020		23,766		1.48	to		2.42		36,846		0.86			1.25		to	2.50			(32.60	)	to	(33.42	)
	12/31/2019		44,107		2.20	to		3.63		99,316		0.55			1.25		to	2.50			(21.97	)	to	(22.92	)
ProFund VP Short International
	12/31/2023		13,453		2.18	to		3.20		28,773		4.70			1.25		to	2.50			(11.40	)	to	(12.48	)
	12/31/2022		5,648		2.46	to		3.66		13,863		-			1.25		to	2.50			11.07		to	9.72
	12/31/2021		5,898		2.21	to		3.33		13,018		-			1.25		to	2.50			(14.47	)	to	(15.51	)
	12/31/2020		6,101		2.58	to		3.95		15,531		0.52			1.25		to	2.50			(17.97	)	to	(18.97	)
	12/31/2019		6,268		3.15	to		4.87		19,465		0.60			1.25		to	2.50			(18.44	)	to	(19.43	)
ProFund VP Short NASDAQ-100
	12/31/2023		914,650		0.37	to		0.39		327,031		-			1.25		to	2.50			(33.24	)	to	(34.05	)
	12/31/2022		831,584		0.55	to		0.59		453,463		-			1.25		to	2.50			33.40		to	31.78
	12/31/2021		355,551		0.41	to		0.45		149,929		-			1.25		to	2.50			(26.05	)	to	(26.96	)
	12/31/2020		205,296		0.56	to		0.61		120,323		0.14			1.25		to	2.50			(43.48	)	to	(44.17	)
	12/31/2019		180,892		0.98	to		1.09		172,605		0.14			1.25		to	2.50			(28.94	)	to	(29.81	)
ProFund VP Short Small-Cap
	12/31/2023		386,743		0.69	to		0.87		263,708		0.35			1.25		to	2.50			(11.97	)	to	(13.04	)
	12/31/2022		228,639		0.78	to		1.00		177,482		-			1.25		to	2.50			16.36		to	14.94
	12/31/2021		63,928		0.67	to		0.87		41,783		-			1.25		to	2.50			(20.05	)	to	(21.03	)
	12/31/2020		54,122		0.84	to		1.10		44,406		0.12			1.25		to	2.50			(32.80	)	to	(33.63	)
	12/31/2019		540,411		1.25	to		1.66		662,556		0.12			1.25		to	2.50			(21.76	)	to	(22.72	)

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)


		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return*** Corresponding to Lowest to Highest Expense Ratio


ProFund VP Small-Cap
	12/31/2023		107,957	$	22.16	to	$	11.80	$	2,307,649		-	%		1.25	%	to	2.50	%		13.49	%	to	12.11	%
	12/31/2022		115,411		19.52	to		10.52		2,174,853		-			1.25		to	2.50			(22.81	)	to	(23.75	)
	12/31/2021		123,620		25.29	to		13.80		3,011,504		-			1.25		to	2.50			11.49		to	10.13
	12/31/2020		62,524		22.69	to		12.53		1,323,314		0.05			1.25		to	2.50			15.61		to	14.20
	12/31/2019		90,536		19.62	to		10.97		1,657,791		-			1.25		to	2.50			22.08		to	20.59
ProFund VP Small-Cap Value
	12/31/2023		97,847		21.75	to		12.09		2,034,199		0.02			1.25		to	2.50			11.55		to	10.19
	12/31/2022		99,621		19.50	to		10.97		1,887,654		-			1.25		to	2.50			(13.49	)	to	(14.55	)
	12/31/2021		108,184		22.55	to		12.84		2,377,644		0.09			1.25		to	2.50			26.97		to	25.42
	12/31/2020		60,116		17.76	to		10.24		1,040,185		0.03			1.25		to	2.50			(0.19	)	to	(1.40	)
	12/31/2019		74,749		17.79	to		10.39		1,296,075		-			1.25		to	2.50			21.05		to	19.57
ProFund VP U.S. Government Plus
	12/31/2023		22,765		11.87	to		5.91		241,489		4.06			1.25		to	2.50			(1.19	)	to	(2.39	)
	12/31/2022		31,827		12.02	to		6.06		348,239		-			1.25		to	2.50			(42.42	)	to	(43.12	)
	12/31/2021		45,579		20.87	to		10.65		861,216		-			1.25		to	2.50			(8.23	)	to	(9.35	)
	12/31/2020		57,029		22.74	to		11.75		1,186,131		0.04			1.25		to	2.50			19.20		to	17.75
	12/31/2019		51,902		19.08	to		9.98		928,007		0.85			1.25		to	2.50			16.76		to	15.34
ProFund VP UltraSmall-Cap
	12/31/2023		131,244		17.13	to		10.70		2,205,248		-			1.25		to	2.50			20.92		to	19.45
	12/31/2022		121,651		14.17	to		8.96		1,692,708		-			1.25		to	2.50			(44.38	)	to	(45.06	)
	12/31/2021		113,026		25.47	to		16.30		2,839,091		-			1.25		to	2.50			21.78		to	20.30
	12/31/2020		127,817		20.92	to		13.55		2,636,200		0.12			1.25		to	2.50			14.95		to	13.55
	12/31/2019		222,784		18.20	to		11.93		3,959,951		-			1.25		to	2.50			45.51		to	43.74
ProFund VP Utilities
	12/31/2023		126,168		18.61	to		12.30		2,281,080		1.40			1.25		to	2.50			(9.72	)	to	(10.82	)
	12/31/2022		156,957		20.61	to		13.80		3,147,083		1.08			1.25		to	2.50			(1.48	)	to	(2.68	)
	12/31/2021		127,980		20.92	to		14.18		2,612,157		1.61			1.25		to	2.50			13.98		to	12.59
	12/31/2020		148,071		18.35	to		12.59		2,652,890		1.57			1.25		to	2.50			(3.60	)	to	(4.78	)
	12/31/2019		176,089		19.04	to		13.22		3,283,795		1.54			1.25		to	2.50			21.36		to	19.88
TA Aegon Bond Initial Class
	12/31/2023		1,058,939		16.46	to		9.47		16,086,999		0.92			1.25		to	2.65			5.14		to	3.71
	12/31/2022		1,155,553		15.66	to		9.13		16,755,415		2.55			1.25		to	2.65			(15.89	)	to	(17.03	)
	12/31/2021		1,438,744		18.61	to		11.01		24,879,766		1.52			1.25		to	2.65			(2.10	)	to	(3.43	)
	12/31/2020		1,595,410		19.01	to		11.40		28,392,123		3.98			1.25		to	2.65			6.36		to	4.91
	12/31/2019		1,829,150		17.88	to		10.87		30,824,370		2.50			1.25		to	2.65			7.08		to	5.61
TA Aegon Bond Service Class
	12/31/2023		6,471		14.54	to		12.99		90,695		0.63			1.25		to	1.80			4.88		to	4.31
	12/31/2022		6,576		13.86	to		12.46		88,029		2.54			1.25		to	1.80			(16.13	)	to	(16.58	)
	12/31/2021		8,534		16.53	to		14.93		135,316		1.18			1.25		to	1.80			(2.29	)	to	(2.82	)
	12/31/2020		10,128		16.91	to		15.36		164,131		4.02			1.25		to	1.80			6.08		to	5.51
	12/31/2019		14,709		15.94	to		14.56		226,145		2.26			1.25		to	1.80			6.88		to	6.30
TA Aegon Core Bond Initial Class
	12/31/2023		870,781		40.82	to		9.54		23,151,377		2.70			1.25		to	2.65			4.73		to	3.31
	12/31/2022		926,802		38.98	to		9.24		23,640,917		2.89			1.25		to	2.65			(13.84	)	to	(15.01	)
	12/31/2021		1,017,397		45.24	to		10.87		30,351,342		2.79			1.25		to	2.65			(2.25	)	to	(3.59	)
	12/31/2020		1,218,985		46.28	to		11.27		36,929,096		3.82			1.25		to	2.65			6.14		to	4.69
	12/31/2019		1,113,966		43.61	to		10.77		32,767,266		2.52			1.25		to	2.65			7.19		to	5.72
TA Aegon Core Bond Service Class
	12/31/2023		20,133		14.84	to		13.26		283,336		2.28			1.25		to	1.80			4.48		to	3.92
	12/31/2022		20,450		14.20	to		12.76		276,321		2.38			1.25		to	1.80			(14.07	)	to	(14.53	)
	12/31/2021		22,137		16.53	to		14.93		349,671		2.37			1.25		to	1.80			(2.49	)	to	(3.01	)
	12/31/2020		22,080		16.95	to		15.40		358,838		3.40			1.25		to	1.80			5.84		to	5.27
	12/31/2019		23,349		16.01	to		14.62		360,413		2.18			1.25		to	1.80			6.92		to	6.34

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)


		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return*** Corresponding to Lowest to Highest Expense Ratio


TA Aegon High Yield Bond Initial Class
	12/31/2023		180,737	$	26.40	to	$	13.89	$	4,429,466		4.52	%		1.25	%	to	2.50	%		9.74	%	to	8.40	%
	12/31/2022		190,345		24.05	to		12.81		4,303,167		5.85			1.25		to	2.50			(12.22	)	to	(13.29	)
	12/31/2021		213,943		27.40	to		14.78		5,499,349		5.20			1.25		to	2.50			5.03		to	3.75
	12/31/2020		275,758		26.09	to		14.24		6,830,199		6.53			1.25		to	2.50			3.74		to	2.48
	12/31/2019		318,230		25.15	to		13.90		7,623,087		6.14			1.25		to	2.50			12.80		to	11.43
TA Aegon High Yield Bond Service Class
	12/31/2023		2,358		25.11	to		22.44		57,375		4.22			1.25		to	1.80			9.51		to	8.91
	12/31/2022		2,369		22.93	to		20.60		52,708		5.46			1.25		to	1.80			(12.55	)	to	(13.02	)
	12/31/2021		2,432		26.22	to		23.69		61,991		6.03			1.25		to	1.80			4.94		to	4.37
	12/31/2020		7,897		24.98	to		22.69		194,496		6.05			1.25		to	1.80			3.39		to	2.83
	12/31/2019		8,132		24.16	to		22.07		193,564		5.96			1.25		to	1.80			12.57		to	11.96
TA Aegon Sustainable Equity Income Initial Class
	12/31/2023		1,098,011		45.82	to		16.30		44,528,294		2.21			1.25		to	2.65			4.97		to	3.54
	12/31/2022		1,181,665		43.65	to		15.74		45,744,202		2.16			1.25		to	2.65			(12.72	)	to	(13.91	)
	12/31/2021		1,295,517		50.01	to		18.29		57,812,032		2.14			1.25		to	2.65			20.91		to	19.26
	12/31/2020		1,409,422		41.36	to		15.33		52,146,376		3.02			1.25		to	2.65			(8.50	)	to	(9.75	)
	12/31/2019		1,509,939		45.20	to		16.99		61,580,013		2.46			1.25		to	2.65			22.38		to	20.71
TA Aegon Sustainable Equity Income Service Class
	12/31/2023		12,398		33.24	to		29.71		408,884		1.92			1.25		to	1.80			4.70		to	4.14
	12/31/2022		12,602		31.75	to		28.53		396,509		1.53			1.25		to	1.80			(12.93	)	to	(13.40	)
	12/31/2021		21,135		36.47	to		32.95		761,609		1.87			1.25		to	1.80			20.61		to	19.96
	12/31/2020		22,860		30.23	to		27.46		682,427		2.75			1.25		to	1.80			(8.73	)	to	(9.22	)
	12/31/2019		25,177		33.13	to		30.25		817,718		2.23			1.25		to	1.80			22.05		to	21.39
TA Aegon U.S. Government Securities Initial Class
	12/31/2023		372,626		13.79	to		8.46		4,710,465		1.75			1.25		to	2.50			2.72		to	1.47
	12/31/2022		402,946		13.43	to		8.33		5,018,838		1.06			1.25		to	2.50			(14.10	)	to	(15.14	)
	12/31/2021		438,899		15.63	to		9.82		6,416,303		2.17			1.25		to	2.50			(3.60	)	to	(4.77	)
	12/31/2020		569,748		16.21	to		10.31		8,688,079		1.85			1.25		to	2.50			7.63		to	6.32
	12/31/2019		478,822		15.06	to		9.70		6,824,252		2.00			1.25		to	2.50			5.29		to	4.00
TA Aegon U.S. Government Securities Service Class
	12/31/2023		7,170		12.33	to		11.02		87,986		1.46			1.25		to	1.80			2.41		to	1.86
	12/31/2022		7,177		12.04	to		10.82		86,025		0.81			1.25		to	1.80			(14.36	)	to	(14.83	)
	12/31/2021		7,185		14.06	to		12.71		100,580		1.64			1.25		to	1.80			(3.74	)	to	(4.26	)
	12/31/2020		7,749		14.61	to		13.27		112,400		1.44			1.25		to	1.80			7.32		to	6.74
	12/31/2019		8,097		13.61	to		12.43		109,133		1.77			1.25		to	1.80			5.04		to	4.47
TA BlackRock Government Money Market Initial Class
	12/31/2023		2,270,174		16.16	to		11.58		28,739,514		4.75			1.25		to	2.65			3.57		to	2.16
	12/31/2022		2,679,404		15.61	to		11.33		33,587,669		1.42			1.25		to	2.65			0.16		to	(1.21	)
	12/31/2021		2,362,979		15.58	to		11.47		29,646,855		0.00			1.25		to	2.65			(1.23	)	to	(2.58	)
	12/31/2020		2,794,375		15.78	to		11.77		35,419,380		0.24			1.25		to	2.65			(0.95	)	to	(2.30	)
	12/31/2019		1,932,882		15.93	to		12.05		25,524,243		1.96			1.25		to	2.65			0.71		to	(0.66	)
TA BlackRock Government Money Market Service Class
	12/31/2023		19,016		9.79	to		8.75		182,873		4.53			1.25		to	1.80			3.38		to	2.82
	12/31/2022		44,916		9.47	to		8.51		410,598		1.37			1.25		to	1.80			0.16		to	(0.38	)
	12/31/2021		69,182		9.46	to		8.55		633,921		0.01			1.25		to	1.80			(1.23	)	to	(1.76	)
	12/31/2020		48,444		9.58	to		8.70		449,092		0.22			1.25		to	1.80			(0.99	)	to	(1.53	)
	12/31/2019		39,530		9.67	to		8.83		367,324		1.71			1.25		to	1.80			0.46		to	(0.08	)
TA BlackRock iShares Active Asset Allocation - Conservative Service Class
	12/31/2023		25,171		13.03	to		10.64		321,105		1.43			1.25		to	2.50			8.60		to	7.28
	12/31/2022		42,267		12.00	to		9.92		494,771		1.18			1.25		to	2.50			(16.33	)	to	(17.35	)
	12/31/2021		61,100		14.34	to		12.00		856,839		1.01			1.25		to	2.50			4.44		to	3.16
	12/31/2020		73,592		13.73	to		11.63		990,614		2.03			1.25		to	2.50			5.34		to	4.05
	12/31/2019		48,895		13.04	to		11.18		623,898		1.94			1.25		to	2.50			9.86		to	8.52

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)


		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return*** Corresponding to Lowest to Highest Expense Ratio


TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class
	12/31/2023		71,139	$	13.82	to	$	10.64	$	959,273		1.37	%		1.25	%	to	2.50	%		16.17	%	to	14.76	%
	12/31/2022		80,910		11.89	to		9.28		940,836		1.27			1.25		to	2.50			(19.32	)	to	(20.30	)
	12/31/2021		90,289		14.74	to		11.64		1,299,121		0.55			1.25		to	2.50			6.29		to	5.00
	12/31/2020		98,872		13.87	to		11.08		1,348,570		1.84			1.25		to	2.50			(3.29	)	to	(4.47	)
	12/31/2019		104,482		14.34	to		11.60		1,479,483		1.69			1.25		to	2.50			9.98		to	8.64
TA BlackRock iShares Edge 40 Initial Class
	12/31/2023		77,937		20.40	to		11.14		1,479,684		2.33			1.25		to	2.50			8.10		to	6.79
	12/31/2022		82,261		18.87	to		10.43		1,444,563		1.90			1.25		to	2.50			(15.30	)	to	(16.33	)
	12/31/2021		91,800		22.28	to		12.47		1,898,905		1.80			1.25		to	2.50			4.78		to	3.50
	12/31/2020		120,025		21.26	to		12.04		2,420,867		2.44			1.25		to	2.50			8.29		to	6.97
	12/31/2019		130,278		19.64	to		11.26		2,431,217		2.22			1.25		to	2.50			13.88		to	12.50
TA BlackRock iShares Edge 40 Service Class
	12/31/2023		933		19.96	to		17.84		18,441		2.03			1.25		to	1.80			7.72		to	7.14
	12/31/2022		956		18.53	to		16.65		17,551		1.54			1.25		to	1.80			(15.49	)	to	(15.95	)
	12/31/2021		1,086		21.92	to		19.81		23,545		1.49			1.25		to	1.80			4.47		to	3.91
	12/31/2020		1,369		20.98	to		19.06		28,378		2.03			1.25		to	1.80			8.10		to	7.52
	12/31/2019		2,064		19.41	to		17.73		39,603		1.97			1.25		to	1.80			13.68		to	13.07
TA BlackRock Real Estate Securities Initial Class
	12/31/2023		376,364		38.29	to		12.13		13,340,655		5.88			1.25		to	2.65			11.93		to	10.41
	12/31/2022		435,449		34.21	to		10.98		13,781,102		3.39			1.25		to	2.65			(29.08	)	to	(30.04	)
	12/31/2021		469,435		48.23	to		15.70		21,488,176		2.49			1.25		to	2.65			24.67		to	22.97
	12/31/2020		556,617		38.69	to		12.77		20,535,744		12.39			1.25		to	2.65			(1.55	)	to	(2.89	)
	12/31/2019		615,895		39.29	to		13.15		23,134,330		0.91			1.25		to	2.65			23.65		to	21.96
TA BlackRock Real Estate Securities Service Class
	12/31/2023		12,144		30.18	to		26.97		356,072		5.31			1.25		to	1.80			11.75		to	11.15
	12/31/2022		12,310		27.01	to		24.27		323,249		2.95			1.25		to	1.80			(29.27	)	to	(29.65	)
	12/31/2021		12,791		38.18	to		34.50		475,354		2.12			1.25		to	1.80			24.30		to	23.63
	12/31/2020		14,663		30.72	to		27.90		438,828		11.39			1.25		to	1.80			(1.74	)	to	(2.27	)
	12/31/2019		15,487		31.26	to		28.55		472,348		0.60			1.25		to	1.80			23.34		to	22.68
TA BlackRock Tactical Allocation Service Class
	12/31/2023		256,064		14.23	to		12.29		3,565,208		2.48			1.25		to	2.50			13.47		to	12.09
	12/31/2022		280,399		12.54	to		10.97		3,447,225		3.50			1.25		to	2.50			(17.24	)	to	(18.25	)
	12/31/2021		320,542		15.16	to		13.42		4,764,439		2.50			1.25		to	2.50			6.30		to	5.01
	12/31/2020		337,738		14.26	to		12.78		4,754,358		1.70			1.25		to	2.50			11.79		to	10.43
	12/31/2019		352,235		12.76	to		11.57		4,451,472		2.24			1.25		to	2.50			15.61		to	14.20
TA Goldman Sachs Managed Risk - Balanced ETF Service Class
	12/31/2023		242,232		15.86	to		11.59		3,694,221		1.53			1.25		to	2.50			11.81		to	10.45
	12/31/2022		258,344		14.18	to		10.49		3,563,063		1.48			1.25		to	2.50			(15.32	)	to	(16.35	)
	12/31/2021		262,014		16.75	to		12.55		4,265,943		1.20			1.25		to	2.50			8.00		to	6.69
	12/31/2020		357,295		15.51	to		11.76		5,397,256		2.09			1.25		to	2.50			2.90		to	1.65
	12/31/2019		394,604		15.07	to		11.57		5,800,071		1.99			1.25		to	2.50			14.22		to	12.83
TA Goldman Sachs Managed Risk - Growth ETF Service Class
	12/31/2023		214,468		18.04	to		13.08		3,749,224		1.43			1.25		to	2.50			16.23		to	14.82
	12/31/2022		227,520		15.52	to		11.39		3,431,151		1.39			1.25		to	2.50			(15.57	)	to	(16.60	)
	12/31/2021		243,484		18.39	to		13.66		4,345,213		0.91			1.25		to	2.50			12.64		to	11.26
	12/31/2020		335,428		16.32	to		12.28		5,323,073		2.04			1.25		to	2.50			2.93		to	1.67
	12/31/2019		414,709		15.86	to		12.08		6,421,406		1.74			1.25		to	2.50			17.94		to	16.50
TA International Focus Initial Class
	12/31/2023		1,231,923		22.74	to		13.57		25,267,597		1.99			1.25		to	2.65			11.15		to	9.64
	12/31/2022		1,316,013		20.46	to		12.37		24,252,930		3.01			1.25		to	2.65			(21.03	)	to	(22.11	)
	12/31/2021		1,420,274		25.90	to		15.89		33,162,806		1.23			1.25		to	2.65			9.45		to	7.96
	12/31/2020		1,774,600		23.67	to		14.71		38,258,844		2.27			1.25		to	2.65			19.40		to	17.78
	12/31/2019		1,932,480		19.82	to		12.49		34,984,252		1.64			1.25		to	2.65			26.11		to	24.39

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)


		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return*** Corresponding to Lowest to Highest Expense Ratio


TA International Focus Service Class
	12/31/2023		5,787	$	30.59	to	$	27.34	$	174,726		1.77	%		1.25	%	to	1.80	%		10.89	%	to	10.29	%
	12/31/2022		5,945		27.59	to		24.79		161,999		2.73			1.25		to	1.80			(21.28	)	to	(21.70	)
	12/31/2021		6,690		35.04	to		31.66		232,076		1.05			1.25		to	1.80			9.26		to	8.67
	12/31/2020		6,812		32.07	to		29.13		216,329		1.89			1.25		to	1.80			19.10		to	18.45
	12/31/2019		10,627		26.93	to		24.60		277,972		1.28			1.25		to	1.80			25.83		to	25.15
TA Janus Balanced Service Class
	12/31/2023		4,202,376		2.06	to		1.82		8,577,999		1.16			1.25		to	2.50			13.60		to	12.22
	12/31/2022		3,840,781		1.81	to		1.62		6,940,326		0.85			1.25		to	2.50			(17.79	)	to	(18.79	)
	12/31/2021		4,207,838		2.20	to		2.00		9,263,285		1.16			1.25		to	2.50			14.02		to	12.63
	12/31/2020		4,339,639		1.93	to		1.77		8,385,678		1.55			1.25		to	2.50			12.90		to	11.53
	12/31/2019		3,878,813		1.71	to		1.59		6,610,131		1.35			1.25		to	2.50			20.27		to	18.80
TA Janus Mid-Cap Growth Initial Class
	12/31/2023		957,102		133.17	to		22.87		100,858,962		-			1.25		to	2.65			15.60		to	14.03
	12/31/2022		1,040,837		115.20	to		20.05		94,218,556		-			1.25		to	2.65			(17.74	)	to	(18.86	)
	12/31/2021		1,155,905		140.04	to		24.72		126,292,389		0.27			1.25		to	2.65			15.85		to	14.27
	12/31/2020		1,336,474		120.88	to		21.63		123,832,010		0.23			1.25		to	2.65			17.73		to	16.13
	12/31/2019		1,460,824		102.68	to		18.63		115,385,380		0.07			1.25		to	2.65			35.02		to	33.18
TA Janus Mid-Cap Growth Service Class
	12/31/2023		13,250		49.60	to		44.33		640,964		-			1.25		to	1.80			15.36		to	14.74
	12/31/2022		13,361		43.00	to		38.64		560,934		-			1.25		to	1.80			(17.96	)	to	(18.40	)
	12/31/2021		14,939		52.41	to		47.35		766,113		0.10			1.25		to	1.80			15.55		to	14.92
	12/31/2020		16,673		45.36	to		41.20		740,653		0.04			1.25		to	1.80			17.46		to	16.83
	12/31/2019		17,924		38.61	to		35.27		677,798		-			1.25		to	1.80			34.65		to	33.92
TA JPMorgan Asset Allocation - Conservative Initial Class
	12/31/2023		1,337,218		20.57	to		12.03		24,943,642		2.26			1.25		to	2.50			5.73		to	4.45
	12/31/2022		1,437,360		19.46	to		11.52		25,611,709		5.48			1.25		to	2.50			(16.40	)	to	(17.42	)
	12/31/2021		1,728,080		23.27	to		13.95		37,000,477		2.39			1.25		to	2.50			4.59		to	3.32
	12/31/2020		2,097,319		22.25	to		13.50		43,622,052		2.52			1.25		to	2.50			10.10		to	8.75
	12/31/2019		2,260,800		20.21	to		12.42		43,042,877		2.62			1.25		to	2.50			12.50		to	11.12
TA JPMorgan Asset Allocation - Conservative Service Class
	12/31/2023		28,212		20.75	to		18.55		570,606		1.95			1.25		to	1.80			5.51		to	4.95
	12/31/2022		32,722		19.67	to		17.68		628,870		5.25			1.25		to	1.80			(16.65	)	to	(17.10	)
	12/31/2021		35,929		23.60	to		21.32		826,217		2.12			1.25		to	1.80			4.32		to	3.76
	12/31/2020		43,140		22.62	to		20.55		946,360		2.30			1.25		to	1.80			9.87		to	9.28
	12/31/2019		47,595		20.59	to		18.80		952,671		2.24			1.25		to	1.80			12.15		to	11.54
TA JPMorgan Asset Allocation - Growth Initial Class
	12/31/2023		2,058,299		33.16	to		28.61		64,866,386		1.72			1.25		to	2.65			18.86		to	17.24
	12/31/2022		2,254,405		27.90	to		24.40		59,896,975		5.95			1.25		to	2.65			(23.52	)	to	(24.56	)
	12/31/2021		2,424,950		36.48	to		32.35		84,348,292		1.68			1.25		to	2.65			18.16		to	16.55
	12/31/2020		2,962,522		30.88	to		27.76		87,321,817		1.69			1.25		to	2.65			23.20		to	21.52
	12/31/2019		3,220,218		25.06	to		22.84		77,881,169		1.73			1.25		to	2.65			24.50		to	22.80
TA JPMorgan Asset Allocation - Growth Service Class
	12/31/2023		69,474		37.71	to		33.70		2,560,162		1.49			1.25		to	1.80			18.53		to	17.89
	12/31/2022		72,162		31.81	to		28.59		2,245,310		5.76			1.25		to	1.80			(23.69	)	to	(24.10	)
	12/31/2021		74,959		41.69	to		37.66		3,062,339		1.45			1.25		to	1.80			17.88		to	17.24
	12/31/2020		82,629		35.37	to		32.13		2,868,947		1.48			1.25		to	1.80			22.82		to	22.16
	12/31/2019		87,294		28.79	to		26.30		2,472,000		1.47			1.25		to	1.80			24.31		to	23.64
TA JPMorgan Asset Allocation - Moderate Initial Class
	12/31/2023		2,643,936		23.99	to		13.05		58,850,534		2.07			1.25		to	2.50			7.76		to	6.45
	12/31/2022		2,953,741		22.26	to		12.26		61,555,853		5.25			1.25		to	2.50			(17.11	)	to	(18.12	)
	12/31/2021		3,272,556		26.85	to		14.97		82,542,081		1.92			1.25		to	2.50			7.83		to	6.52
	12/31/2020		3,872,601		24.90	to		14.05		90,990,755		2.17			1.25		to	2.50			11.21		to	9.86
	12/31/2019		4,279,917		22.39	to		12.79		91,445,896		2.17			1.25		to	2.50			14.98		to	13.58

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)


		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return*** Corresponding to Lowest to Highest Expense Ratio


TA JPMorgan Asset Allocation - Moderate Service Class
	12/31/2023		56,537	$	25.07	to	$	22.40	$	1,396,042		1.86	%		1.25	%	to	1.80	%		7.52	%	to	6.94	%
	12/31/2022		57,013		23.31	to		20.95		1,307,299		4.82			1.25		to	1.80			(17.28	)	to	(17.73	)
	12/31/2021		70,434		28.18	to		25.46		1,954,307		1.70			1.25		to	1.80			7.59		to	7.01
	12/31/2020		72,002		26.20	to		23.80		1,858,594		1.89			1.25		to	1.80			10.89		to	10.29
	12/31/2019		87,976		23.62	to		21.58		2,041,452		1.94			1.25		to	1.80			14.74		to	14.12
TA JPMorgan Asset Allocation - Moderate Growth Initial Class
	12/31/2023		3,709,976		27.65	to		13.59		94,483,553		1.98			1.25		to	2.50			10.83		to	9.49
	12/31/2022		4,124,986		24.95	to		12.41		95,027,685		5.35			1.25		to	2.50			(18.37	)	to	(19.37	)
	12/31/2021		4,673,601		30.57	to		15.39		132,061,508		2.16			1.25		to	2.50			12.54		to	11.17
	12/31/2020		5,546,435		27.16	to		13.85		142,613,031		2.05			1.25		to	2.50			13.65		to	12.26
	12/31/2019		5,916,260		23.90	to		12.33		134,913,208		2.19			1.25		to	2.50			18.53		to	17.08
TA JPMorgan Asset Allocation - Moderate Growth Service Class
	12/31/2023		101,493		30.02	to		26.83		2,971,215		1.72			1.25		to	1.80			10.55		to	9.96
	12/31/2022		113,386		27.16	to		24.40		2,995,343		5.12			1.25		to	1.80			(18.55	)	to	(18.98	)
	12/31/2021		126,282		33.34	to		30.12		4,129,584		1.97			1.25		to	1.80			12.30		to	11.69
	12/31/2020		130,290		29.69	to		26.97		3,798,076		1.83			1.25		to	1.80			13.25		to	12.64
	12/31/2019		137,204		26.21	to		23.94		3,533,941		1.95			1.25		to	1.80			18.31		to	17.67
TA JPMorgan Enhanced Index Initial Class
	12/31/2023		916,875		49.95	to		20.23		43,504,327		0.82			1.25		to	2.50			26.09		to	24.56
	12/31/2022		912,969		39.61	to		16.24		34,387,107		0.68			1.25		to	2.50			(19.36	)	to	(20.34	)
	12/31/2021		944,397		49.12	to		20.39		44,116,173		0.81			1.25		to	2.50			28.51		to	26.95
	12/31/2020		795,940		38.22	to		16.06		28,947,917		1.47			1.25		to	2.50			18.68		to	17.23
	12/31/2019		801,581		32.21	to		13.70		24,621,533		1.19			1.25		to	2.50			29.42		to	27.84
TA JPMorgan Enhanced Index Service Class
	12/31/2023		1,518		56.07	to		50.11		84,645		0.59			1.25		to	1.80			25.82		to	25.14
	12/31/2022		1,547		44.56	to		40.04		68,562		0.37			1.25		to	1.80			(19.55	)	to	(19.98	)
	12/31/2021		2,055		55.39	to		50.04		113,347		0.61			1.25		to	1.80			28.19		to	27.49
	12/31/2020		1,654		43.21	to		39.25		71,043		1.20			1.25		to	1.80			18.38		to	17.74
	12/31/2019		3,092		36.50	to		33.34		111,306		0.94			1.25		to	1.80			29.08		to	28.38
TA JPMorgan International Moderate Growth Initial Class
	12/31/2023		125,482		13.98	to		12.08		1,696,768		1.60			1.25		to	2.50			7.82		to	6.51
	12/31/2022		144,158		12.96	to		11.34		1,809,935		4.91			1.25		to	2.50			(18.30	)	to	(19.30	)
	12/31/2021		168,981		15.87	to		14.05		2,601,091		1.51			1.25		to	2.50			7.90		to	6.59
	12/31/2020		193,411		14.70	to		13.18		2,766,986		2.71			1.25		to	2.50			13.48		to	12.10
	12/31/2019		218,632		12.96	to		11.76		2,776,736		2.29			1.25		to	2.50			16.32		to	14.90
TA JPMorgan International Moderate Growth Service Class
	12/31/2023		1,732		13.36	to		12.14		22,827		1.36			1.25		to	1.80			7.36		to	6.78
	12/31/2022		1,670		12.45	to		11.37		20,510		4.92			1.25		to	1.80			(18.44	)	to	(18.88	)
	12/31/2021		1,625		15.26	to		14.02		24,482		1.32			1.25		to	1.80			7.66		to	7.08
	12/31/2020		1,569		14.17	to		13.09		21,942		2.54			1.25		to	1.80			13.13		to	12.52
	12/31/2019		1,606		12.53	to		11.63		19,876		2.08			1.25		to	1.80			16.16		to	15.53
TA JPMorgan Mid Cap Value Initial Class
	12/31/2023		154,494		54.07	to		13.78		7,503,697		1.49			1.25		to	2.50			9.44		to	8.11
	12/31/2022		168,860		49.40	to		12.75		7,510,472		0.81			1.25		to	2.50			(9.36	)	to	(10.47	)
	12/31/2021		192,915		54.50	to		14.24		9,304,816		0.77			1.25		to	2.50			27.60		to	26.04
	12/31/2020		277,433		42.71	to		11.29		10,737,644		1.28			1.25		to	2.50			0.10		to	(1.12	)
	12/31/2019		307,965		42.67	to		11.42		11,944,504		1.37			1.25		to	2.50			24.65		to	23.13
TA JPMorgan Mid Cap Value Service Class
	12/31/2023		1,998		51.32	to		45.87		101,642		1.26			1.25		to	1.80			9.21		to	8.62
	12/31/2022		2,000		46.99	to		42.23		93,169		0.56			1.25		to	1.80			(9.56	)	to	(10.04	)
	12/31/2021		2,001		51.96	to		46.94		103,123		0.60			1.25		to	1.80			27.26		to	26.57
	12/31/2020		2,002		40.83	to		37.09		81,118		1.04			1.25		to	1.80			(0.21	)	to	(0.75	)
	12/31/2019		2,004		40.91	to		37.37		81,393		1.17			1.25		to	1.80			24.44		to	23.77

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)


		At December 31									For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio					Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return*** Corresponding to Lowest to Highest Expense Ratio


TA JPMorgan Tactical Allocation Initial Class
	12/31/2023		565,736	$	42.77	to	$	11.37	$	20,254,161		1.93	%		1.25	%	to	2.65	%		7.56	%	to	6.10	%
	12/31/2022		625,233		39.77	to		10.72		20,956,401		1.92			1.25		to	2.65			(15.86	)	to	(17.00	)
	12/31/2021		703,257		47.26	to		12.92		28,298,506		1.83			1.25		to	2.65			3.61		to	2.20
	12/31/2020		802,175		45.61	to		12.64		31,300,111		2.40			1.25		to	2.65			10.98		to	9.46
	12/31/2019		847,076		41.10	to		11.55		30,567,060		2.42			1.25		to	2.65			10.79		to	9.28
TA JPMorgan Tactical Allocation Service Class
	12/31/2023		15,349		17.58	to		15.71		267,399		1.54			1.25		to	1.80			7.23		to	6.65
	12/31/2022		15,287		16.40	to		14.73		248,327		1.52			1.25		to	1.80			(16.07	)	to	(16.53	)
	12/31/2021		19,088		19.54	to		17.65		368,685		1.49			1.25		to	1.80			3.34		to	2.78
	12/31/2020		21,001		18.91	to		17.17		391,912		2.04			1.25		to	1.80			10.72		to	10.12
	12/31/2019		23,373		17.08	to		15.59		393,894		2.08			1.25		to	1.80			10.53		to	9.93
TA Multi-Managed Balanced Initial Class
	12/31/2023		2,560,392		38.92	to		19.02		95,694,927		1.58			1.25		to	2.65			17.27		to	15.67
	12/31/2022		2,777,325		33.19	to		16.44		88,702,148		1.18			1.25		to	2.65			(17.31	)	to	(18.44	)
	12/31/2021		3,028,888		40.14	to		20.16		117,450,085		1.14			1.25		to	2.65			15.59		to	14.02
	12/31/2020		3,602,792		34.73	to		17.68		120,980,866		1.58			1.25		to	2.65			14.47		to	12.91
	12/31/2019		3,824,424		30.34	to		15.66		112,863,733		1.65			1.25		to	2.65			20.27		to	18.63
TA Multi-Managed Balanced Service Class
	12/31/2023		14,652		38.51	to		34.42		545,128		1.31			1.25		to	1.80			16.98		to	16.35
	12/31/2022		16,340		32.92	to		29.58		522,081		0.91			1.25		to	1.80			(17.52	)	to	(17.96	)
	12/31/2021		18,007		39.91	to		36.06		699,255		0.95			1.25		to	1.80			15.35		to	14.73
	12/31/2020		18,549		34.60	to		31.43		625,648		1.43			1.25		to	1.80			14.18		to	13.56
	12/31/2019		19,115		30.31	to		27.68		569,250		1.46			1.25		to	1.80			20.00		to	19.35
TA PIMCO Tactical - Balanced Service Class
	12/31/2023		666,754		1.29	to		1.12		840,988		1.03			1.25		to	2.50			9.29		to	7.96
	12/31/2022		657,954		1.18	to		1.04		765,354		0.55			1.25		to	2.50			(20.65	)	to	(21.61	)
	12/31/2021		726,003		1.48	to		1.33		1,065,200		-			1.25		to	2.50			5.08		to	3.80
	12/31/2020		1,756,855		1.41	to		1.28		2,449,824		3.57			1.25		to	2.50			7.51		to	6.20
	12/31/2019		1,075,360		1.31	to		1.20		1,399,630		0.16			1.25		to	2.50			18.20		to	16.76
TA PIMCO Tactical - Conservative Service Class
	12/31/2023		887,258		1.19	to		10.50		1,151,631		1.23			1.25		to	2.50			5.92		to	4.63
	12/31/2022		1,165,147		1.13	to		10.04		1,341,841		1.05			1.25		to	2.50			(18.31	)	to	(19.31	)
	12/31/2021		1,216,239		1.38	to		12.44		1,737,799		1.11			1.25		to	2.50			2.92		to	1.67
	12/31/2020		1,061,716		1.34	to		12.24		1,493,399		1.50			1.25		to	2.50			8.54		to	7.21
	12/31/2019		1,413,528		1.24	to		11.41		1,767,627		0.10			1.25		to	2.50			16.11		to	14.70
TA PIMCO Tactical - Growth Service Class
	12/31/2023		563,557		1.37	to		12.00		908,623		0.90			1.25		to	2.50			12.54		to	11.17
	12/31/2022		646,368		1.22	to		10.80		919,978		-			1.25		to	2.50			(19.04	)	to	(20.02	)
	12/31/2021		697,547		1.50	to		13.50		1,042,010		-			1.25		to	2.50			7.86		to	6.55
	12/31/2020		975,215		1.39	to		12.67		1,358,933		2.49			1.25		to	2.50			7.74		to	6.43
	12/31/2019		343,250		1.29	to		11.91		461,521		-			1.25		to	2.50			20.05		to	18.59
TA Small/Mid Cap Value Initial Class
	12/31/2023		1,238,829		54.14	to		48.70		63,564,439		1.04			1.25		to	2.65			11.01		to	9.50
	12/31/2022		1,355,356		48.77	to		44.47		63,014,737		0.59			1.25		to	2.65			(9.44	)	to	(10.67	)
	12/31/2021		1,499,037		53.86	to		49.79		76,732,308		0.65			1.25		to	2.65			26.54		to	24.82
	12/31/2020		1,787,916		42.56	to		39.89		73,177,666		1.18			1.25		to	2.65			2.76		to	1.35
	12/31/2019		1,918,647		41.42	to		39.36		76,798,395		0.97			1.25		to	2.65			23.73		to	22.05
TA Small/Mid Cap Value Service Class
	12/31/2023		26,589		53.60	to		48.17		1,397,764		0.82			1.25		to	1.80			10.77		to	10.17
	12/31/2022		27,489		48.39	to		43.73		1,305,925		0.34			1.25		to	1.80			(9.66	)	to	(10.14	)
	12/31/2021		30,695		53.56	to		48.66		1,611,365		0.49			1.25		to	1.80			26.24		to	25.56
	12/31/2020		34,514		42.43	to		38.76		1,436,695		1.00			1.25		to	1.80			2.46		to	1.91
	12/31/2019		37,173		41.41	to		38.03		1,511,111		0.75			1.25		to	1.80			23.40		to	22.73

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)


		At December 31								For the Year Ended December 31
Subaccount		Units		Unit Fair Value Corresponding to Lowest to Highest Expense Ratio				Net Assets		Investment Income Ratio*			Expense Ratio Lowest to Highest**						Total Return* Corresponding to Lowest to Highest Expense Ratio**

TA T. Rowe Price Small Cap Initial Class
	12/31/2023		563,206		$56.90	to	$48.87		$ 28,277,475		-	%		1.25	%	to	2.65	%		19.71	%	to	18.08	%
	12/31/2022		637,573		47.53	to	41.39		26,707,252		-			1.25		to	2.65			(23.34	)	to	(24.39	)
	12/31/2021		712,969		62.01	to	54.74		38,813,797		-			1.25		to	2.65			10.00		to	8.50
	12/31/2020		846,616		56.37	to	50.45		42,239,421		-			1.25		to	2.65			22.04		to	20.37
	12/31/2019		927,098		46.19	to	41.91		37,820,408		-			1.25		to	2.65			31.13		to	29.34
TA T. Rowe Price Small Cap Service Class
	12/31/2023		5,975		65.51	to	58.55		375,469		-			1.25		to	1.80			19.39		to	18.75
	12/31/2022		6,028		54.87	to	49.31		317,954		-			1.25		to	1.80			(23.55	)	to	(23.97	)
	12/31/2021		6,012		71.78	to	64.85		415,578		-			1.25		to	1.80			9.71		to	9.12
	12/31/2020		6,283		65.43	to	59.43		396,821		-			1.25		to	1.80			21.78		to	21.12
	12/31/2019		7,372		53.73	to	49.07		381,902		-			1.25		to	1.80			30.76		to	30.05
TA WMC US Growth Initial Class
	12/31/2023		8,278,128		62.23	to	53.69		502,270,864		0.04			1.25		to	2.65			40.33		to	38.43
	12/31/2022		8,111,745		44.35	to	38.79		352,306,618		-			1.25		to	2.65			(32.19	)	to	(33.12	)
	12/31/2021		8,876,620		65.40	to	57.99		568,800,625		0.08			1.25		to	2.65			19.18		to	17.55
	12/31/2020		10,154,617		54.88	to	49.34		546,374,213		0.11			1.25		to	2.65			35.60		to	33.76
	12/31/2019		11,230,271		40.47	to	36.88		446,343,734		0.13			1.25		to	2.65			38.32		to	36.43
TA WMC US Growth Service Class
	12/31/2023		39,768		65.26	to	58.33		2,530,125		-			1.25		to	1.80			39.98		to	39.22
	12/31/2022		37,035		46.62	to	41.90		1,689,854		-			1.25		to	1.80			(32.36	)	to	(32.73	)
	12/31/2021		41,566		68.93	to	62.28		2,801,149		-			1.25		to	1.80			18.89		to	18.24
	12/31/2020		46,644		57.98	to	52.67		2,646,148		-			1.25		to	1.80			35.25		to	34.52
	12/31/2019		48,057		42.87	to	39.15		2,020,593		-			1.25		to	1.80			37.95		to	37.21

⁽¹⁾

See Footnote 1

These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest.

These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These 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 Mutual Fund have been excluded.

***

These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any 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 each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return.

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

6. Administrative and Mortality and Expense Risk Charges

TLIC deducts a daily administrative charge equal to an annual rate ranging from 0% to 0.40% of the daily net assets value of each subaccount for administrative expenses. TLIC deducts an annual charge during the accumulation phase, not to exceed $35, proportionately from the subaccounts’ unit values. An annual charge ranging from 0.85% to 2.25% is deducted (based on the death benefit selected) from the unit values of the subaccounts of the Separate Account for TLIC’s assumption of certain mortality and expense risks incurred in connection with the contract. The charge is assessed daily based on the net asset value of the Mutual Fund. Charges for administrative and mortality and expense risk are an expense of the subaccount. Charges reflected above are those currently assessed and may be subject to change. Contract owners should see their actual policy and any related attachments to determine their specific charges.

7. Income Tax

Operations of the Separate Account form a part of TLIC, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code of 1986, as amended (the Code). The operations of the Separate Account are accounted for separately from other operations of TLIC for purposes of federal income taxation. The Separate Account is not separately taxable as a regulated investment company under Subchapter M of the Code and is not otherwise taxable as an entity separate from TLIC. Under existing federal income tax laws, the income of the Separate Account is not taxable to TLIC, as long as earnings are credited under the variable annuity contracts.

Transamerica Life Insurance Company

WRL Series Annuity Account

Notes to Financial Statements

December 31, 2023

8. Subsequent Events

The Separate Account has evaluated the financial statements for subsequent events through the date which the financial statements were issued. During this period, there were no subsequent events requiring recognition in the financial statements.

9. Related Parties

Transamerica Capital, Inc. (TCI), a wholesaling broker-dealer, is an affiliated entity of TLIC and an indirect wholly owned subsidiary of Aegon N.V. TCI distributes TLIC’s products through broker-dealers and other financial intermediaries.

The subaccounts invest in the mutual funds listed in Footnote 1. These investments include funds managed by Transamerica Asset Management, Inc. (TAM). Transamerica Fund Services, Inc. (TFS) serves as a transfer agent to TAM, and Aegon USA Asset Management Holding, LLC (AAM) serves as a sub-advisor for certain funds managed by TAM. TAM, TFS and AAM are affiliated entities of TLIC and indirect wholly owned subsidiaries of Aegon N.V. Funds managed by TAM are identified by their fund name, which includes reference to Aegon, Transamerica or both. The Separate Account pays management fees to the related funds as detailed in the fund prospectus.

No charges other than those disclosed in Footnote 6 are deducted for the service rendered by related parties.

Contract owners may transfer funds between available subaccount options within the Separate Account. These transfers are performed at unit value at the time of the transfer.