Separate Account VA U

FINANCIAL STATEMENTS

Transamerica Life Insurance Company

Separate Account VA U

Years Ended December 31, 2023 and 2022

Transamerica Life Insurance Company

Separate Account VA U

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		6
Notes to Financial Statements		23

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Transamerica Life Insurance Company and the Contract Owners of Separate Account VA U

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the subaccounts of Separate Account VA U 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 Separate Account VA U 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.


AB Balanced Hedged Allocation Class B Shares		TA Aegon Sustainable Equity Income Service Class
Fidelity® VIP Index 500 Service Class 2		TA Aegon U.S. Government Securities Service Class
Franklin Allocation Class 4 Shares		TA BlackRock Government Money Market Service Class
ProFund Access VP High Yield		TA BlackRock iShares Active Asset Allocation - Conservative Service Class
ProFund VP Asia 30		TA BlackRock iShares Active Asset Allocation - Moderate Service Class
ProFund VP Bull		TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class
ProFund VP Communication Services		TA BlackRock iShares Dynamic Allocation - Balanced Service Class
ProFund VP Consumer Discretionary		TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class
ProFund VP Emerging Markets		TA BlackRock iShares Edge 40 Service Class
ProFund VP Energy		TA BlackRock Real Estate Securities Service Class
ProFund VP Europe 30		TA BlackRock Tactical Allocation Service Class
ProFund VP Falling U.S. Dollar		TA Goldman Sachs Managed Risk - Balanced ETF Service Class
ProFund VP Financials		TA Goldman Sachs Managed Risk - Conservative ETF Service Class
ProFund VP Government Money Market		TA Goldman Sachs Managed Risk - Growth ETF Service Class
ProFund VP International		TA International Focus Service Class
ProFund VP Japan		TA Janus Balanced Service Class
ProFund VP Materials		TA Janus Mid-Cap Growth Service Class
ProFund VP Mid-Cap		TA JPMorgan Asset Allocation - Conservative Service Class
ProFund VP NASDAQ-100		TA JPMorgan Asset Allocation - Growth Service Class
ProFund VP Pharmaceuticals		TA JPMorgan Asset Allocation - Moderate Service Class


ProFund VP Precious Metals		TA JPMorgan Asset Allocation - Moderate Growth Service Class
ProFund VP Short Emerging Markets		TA JPMorgan Enhanced Index Service Class
ProFund VP Short International		TA JPMorgan International Moderate Growth Service Class
ProFund VP Short NASDAQ-100		TA JPMorgan Tactical Allocation Service Class
ProFund VP Short Small-Cap		TA Market Participation Strategy Service Class
ProFund VP Small-Cap		TA Multi-Managed Balanced Service Class
ProFund VP Small-Cap Value		TA PIMCO Tactical - Balanced Service Class
ProFund VP U.S. Government Plus		TA PIMCO Tactical - Conservative Service Class
ProFund VP UltraSmall-Cap		TA PIMCO Tactical - Growth Service Class
ProFund VP Utilities		TA Small/Mid Cap Value Service Class
TA Aegon Bond Service Class		TA T. Rowe Price Small Cap Service Class
TA Aegon Core Bond Service Class		TA WMC US Growth Service Class
TA Aegon High Yield Bond 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 Separate Account VA U 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 Separate Account VA U 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 Separate Account VA U since 2014.

Transamerica Life Insurance Company

Separate Account VA U

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
AB Balanced Hedged Allocation Class B Shares		92,644.284	$	945,727	$	799,520	$	(1)	$	799,519		348,261	$	2.048539	$	11.851374
Fidelity^® VIP Index 500 Service Class 2		22,129.809		5,535,899		10,075,259		32		10,075,291		2,220,288		3.841019		19.530907
Franklin Allocation Class 4 Shares		146,328.571		809,164		746,276		(19)		746,257		295,489		2.223903		11.904562
ProFund Access VP High Yield		9,562.904		250,262		236,682		3		236,685		128,856		1.631485		9.981522
ProFund VP Asia 30		7,568.042		362,924		268,514		7		268,521		317,907		0.741651		9.798898
ProFund VP Bull		5,181.839		268,056		261,838		4		261,842		101,913		2.237364		17.447235
ProFund VP Communication Services		597.637		18,119		22,794		(5)		22,789		18,175		1.101928		10.013247
ProFund VP Consumer Discretionary		4,133.987		290,605		272,843		4		272,847		83,533		2.970754		15.757622
ProFund VP Emerging Markets		19,964.298		578,229		564,790		(20)		564,770		679,908		0.723705		11.554309
ProFund VP Energy		10,085.859		230,132		425,522		19		425,541		389,600		0.953957		10.799049
ProFund VP Europe 30		837.670		18,415		21,696		(4)		21,692		20,372		0.934221		12.291037
ProFund VP Falling U.S. Dollar		68.040		1,071		1,061		2		1,063		2,058		0.452523		7.604989
ProFund VP Financials		4,096.135		178,190		188,135		(5)		188,130		138,665		1.200148		14.061701
ProFund VP Government Money Market		3,792,554.804		3,792,555		3,792,555		(124)		3,792,431		4,279,262		0.771599		8.968452
ProFund VP International		11,447.976		213,767		235,599		11		235,610		273,828		0.753048		11.153493
ProFund VP Japan		248.814		15,063		16,225		6		16,231		11,956		1.179400		14.965807
ProFund VP Materials		3,646.699		247,296		311,720		(13)		311,707		169,789		1.606917		14.643427
ProFund VP Mid-Cap		14,684.270		236,711		245,374		(5)		245,369		108,626		1.981638		13.193162
ProFund VP NASDAQ-100		17,958.983		1,009,890		1,039,286		(14)		1,039,272		175,479		5.214851		26.499223
ProFund VP Pharmaceuticals		6,579.962		221,323		226,285		(3)		226,282		112,440		1.803435		10.837102
ProFund VP Precious Metals		10,915.223		327,316		277,247		(90)		277,157		504,343		0.482196		10.970368
ProFund VP Short Emerging Markets		301.255		10,892		7,073		1		7,074		49,538		0.127713		3.915062
ProFund VP Short International		278.760		10,151		6,936		(3)		6,933		32,811		0.167708		4.707794
ProFund VP Short NASDAQ-100		223.547		7,068		2,747		3		2,750		77,209		0.031130		1.745486
ProFund VP Short Small-Cap		279.675		9,657		6,178		(5)		6,173		77,011		0.070982		3.735044
ProFund VP Small-Cap		2,408.518		81,269		82,612		4		82,616		44,924		1.601538		11.817038
ProFund VP Small-Cap Value		7,645.173		298,852		328,437		(14)		328,423		152,868		1.882751		12.157619
ProFund VP U.S. Government Plus		2,583.931		56,288		32,868		(8)		32,860		28,321		0.974917		6.711450
ProFund VP UltraSmall-Cap		5,114.705		99,446		70,634		(4)		70,630		41,826		1.482497		10.733155
ProFund VP Utilities		5,605.324		214,625		209,807		(13)		209,794		113,679		1.610459		12.075214
TA Aegon Bond Service Class		417,897.498		4,453,803		4,007,637		29		4,007,666		2,881,230		1.191481		9.046247
TA Aegon Core Bond Service Class		228,397.627		3,107,102		2,717,932		-		2,717,932		1,940,265		1.220603		9.160617
TA Aegon High Yield Bond Service Class		117,446.679		861,878		820,952		(39)		820,913		374,940		1.903346		10.856076
TA Aegon Sustainable Equity Income Service Class		269,665.017		5,106,279		4,937,566		24		4,937,590		1,961,523		1.978506		11.047705
TA Aegon U.S. Government Securities Service Class		828,359.503		8,017,228		7,844,564		61		7,844,625		6,586,298		1.015778		8.723984
TA BlackRock Government Money Market Service Class		3,704,008.944		3,704,008		3,704,009		(146)		3,703,863		3,850,098		0.825416		9.185247
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		48,374.125		489,215		433,432		17		433,449		334,470		1.171394		10.584315
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		36,937.154		399,176		363,462		(33)		363,429		283,940		1.168992		10.769891
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		49,154.045		518,982		505,795		(3)		505,792		371,351		1.241938		10.611439


See accompanying notes.		2

Transamerica Life Insurance Company

Separate Account VA U

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 Dynamic Allocation - Balanced Service Class		12,977.972	$	149,948	$	136,528	$	5	$	136,533		108,810	$	1.170245	$	10.665772
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		6,363.399		79,421		74,197		(1)		74,196		52,339		1.306516		11.466317
TA BlackRock iShares Edge 40 Service Class		37,346.375		349,711		320,058		4		320,062		198,104		1.393989		10.885178
TA BlackRock Real Estate Securities Service Class		210,001.672		2,440,426		2,194,517		(23)		2,194,494		941,507		1.658768		10.476129
TA BlackRock Tactical Allocation Service Class		77,996.672		1,170,017		1,048,275		33		1,048,308		746,791		1.306624		12.250051
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		43,560.984		529,795		495,724		17		495,741		320,751		1.380599		11.549399
TA Goldman Sachs Managed Risk - Conservative ETF Service Class		7,654.248		90,856		86,187		(9)		86,178		58,700		1.315643		10.560999
TA Goldman Sachs Managed Risk - Growth ETF Service Class		105,235.826		1,058,890		1,090,243		(13)		1,090,230		614,404		1.570630		13.037853
TA International Focus Service Class		153,235.745		1,232,354		1,296,374		20		1,296,394		886,444		1.288456		13.216103
TA Janus Balanced Service Class		103,448.738		1,730,153		1,646,904		3		1,646,907		819,549		1.816641		14.934968
TA Janus Mid-Cap Growth Service Class		142,670.822		4,757,954		3,961,969		110		3,962,079		1,002,894		3.391998		19.298868
TA JPMorgan Asset Allocation - Conservative Service Class		1,845,709.019		17,765,787		15,670,070		(113)		15,669,957		9,237,922		1.465780		10.832930
TA JPMorgan Asset Allocation - Growth Service Class		3,159,153.803		35,548,044		32,191,777		6		32,191,783		11,252,446		2.465159		15.934064
TA JPMorgan Asset Allocation - Moderate Service Class		4,150,954.953		46,161,877		41,758,607		(64)		41,758,543		20,737,910		1.739722		11.864953
TA JPMorgan Asset Allocation - Moderate Growth Service Class		11,693,264.588		132,136,258		115,295,589		69		115,295,658		49,047,465		2.032202		13.277648
TA JPMorgan Enhanced Index Service Class		143,487.851		3,079,334		3,409,271		(50)		3,409,221		763,535		3.806974		19.818994
TA JPMorgan International Moderate Growth Service Class		659,147.319		6,252,286		5,965,283		(138)		5,965,145		4,539,691		1.142950		11.754911
TA JPMorgan Tactical Allocation Service Class		194,603.377		2,924,995		2,564,873		(5)		2,564,868		1,831,461		1.205411		10.648686
TA Market Participation Strategy Service Class		36,528.910		448,028		365,289		6		365,295		208,252		1.618114		13.933848
TA Multi-Managed Balanced Service Class		1,215,968.641		18,106,842		18,117,933		26		18,117,959		5,377,115		2.895141		14.800976
TA PIMCO Tactical - Balanced Service Class		37,345.990		405,309		357,028		11		357,039		284,095		1.134731		10.749018
TA PIMCO Tactical - Conservative Service Class		25,183.095		283,583		239,239		7		239,246		205,021		1.054375		10.458973
TA PIMCO Tactical - Growth Service Class		31,974.395		346,308		306,954		(5)		306,949		230,397		1.207958		11.962007
TA Small/Mid Cap Value Service Class		642,255.513		11,602,253		11,656,938		29		11,656,967		2,265,081		4.289159		14.285139
TA T. Rowe Price Small Cap Service Class		255,717.321		2,823,933		2,506,030		(30)		2,506,000		542,932		3.971894		15.811290
TA WMC US Growth Service Class		617,370.290		19,648,519		20,990,590		40		20,990,630		4,072,213		4.460198		23.809416


See accompanying notes.		3

Transamerica Life Insurance Company

Separate Account VA U

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
AB Balanced Hedged Allocation Class B Shares	$	799,519	$	-	$	799,519
Fidelity^® VIP Index 500 Service Class 2		10,075,291		-		10,075,291
Franklin Allocation Class 4 Shares		746,257		-		746,257
ProFund Access VP High Yield		236,685		-		236,685
ProFund VP Asia 30		268,521		-		268,521
ProFund VP Bull		261,842		-		261,842
ProFund VP Communication Services		22,789		-		22,789
ProFund VP Consumer Discretionary		272,847		-		272,847
ProFund VP Emerging Markets		564,770		-		564,770
ProFund VP Energy		425,541		-		425,541
ProFund VP Europe 30		21,692		-		21,692
ProFund VP Falling U.S. Dollar		1,063		-		1,063
ProFund VP Financials		188,130		-		188,130
ProFund VP Government Money Market		3,792,431		-		3,792,431
ProFund VP International		235,610		-		235,610
ProFund VP Japan		16,231		-		16,231
ProFund VP Materials		311,707		-		311,707
ProFund VP Mid-Cap		245,369		-		245,369
ProFund VP NASDAQ-100		1,039,272		-		1,039,272
ProFund VP Pharmaceuticals		226,282		-		226,282
ProFund VP Precious Metals		277,157		-		277,157
ProFund VP Short Emerging Markets		7,074		-		7,074
ProFund VP Short International		6,933		-		6,933
ProFund VP Short NASDAQ-100		2,750		-		2,750
ProFund VP Short Small-Cap		6,173		-		6,173
ProFund VP Small-Cap		82,616		-		82,616
ProFund VP Small-Cap Value		328,423		-		328,423
ProFund VP U.S. Government Plus		32,860		-		32,860
ProFund VP UltraSmall-Cap		70,630		-		70,630
ProFund VP Utilities		209,794		-		209,794
TA Aegon Bond Service Class		4,007,666		-		4,007,666
TA Aegon Core Bond Service Class		2,717,932		-		2,717,932
TA Aegon High Yield Bond Service Class		820,913		-		820,913
TA Aegon Sustainable Equity Income Service Class		4,937,590		-		4,937,590
TA Aegon U.S. Government Securities Service Class		7,844,625		-		7,844,625
TA BlackRock Government Money Market Service Class		3,703,863		-		3,703,863
TA BlackRock iShares Active Asset Allocation - Conservative Service Class		433,449		-		433,449
TA BlackRock iShares Active Asset Allocation - Moderate Service Class		363,429		-		363,429
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		505,792		-		505,792
TA BlackRock iShares Dynamic Allocation - Balanced Service Class		136,533		-		136,533
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		74,196		-		74,196


See accompanying notes.		4

Transamerica Life Insurance Company

Separate Account VA U

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 iShares Edge 40 Service Class	$	320,062	$	-	$	320,062
TA BlackRock Real Estate Securities Service Class		2,194,494		-		2,194,494
TA BlackRock Tactical Allocation Service Class		1,048,308		-		1,048,308
TA Goldman Sachs Managed Risk - Balanced ETF Service Class		495,741		-		495,741
TA Goldman Sachs Managed Risk - Conservative ETF Service Class		86,178		-		86,178
TA Goldman Sachs Managed Risk - Growth ETF Service Class		1,090,230		-		1,090,230
TA International Focus Service Class		1,296,394		-		1,296,394
TA Janus Balanced Service Class		1,646,907		-		1,646,907
TA Janus Mid-Cap Growth Service Class		3,962,079		-		3,962,079
TA JPMorgan Asset Allocation - Conservative Service Class		15,609,582		60,375		15,669,957
TA JPMorgan Asset Allocation - Growth Service Class		32,191,783		-		32,191,783
TA JPMorgan Asset Allocation - Moderate Service Class		41,710,274		48,269		41,758,543
TA JPMorgan Asset Allocation - Moderate Growth Service Class		115,198,540		97,118		115,295,658
TA JPMorgan Enhanced Index Service Class		3,409,221		-		3,409,221
TA JPMorgan International Moderate Growth Service Class		5,891,174		73,971		5,965,145
TA JPMorgan Tactical Allocation Service Class		2,564,868		-		2,564,868
TA Market Participation Strategy Service Class		365,295		-		365,295
TA Multi-Managed Balanced Service Class		18,117,959		-		18,117,959
TA PIMCO Tactical - Balanced Service Class		357,039		-		357,039
TA PIMCO Tactical - Conservative Service Class		239,246		-		239,246
TA PIMCO Tactical - Growth Service Class		306,949		-		306,949
TA Small/Mid Cap Value Service Class		11,656,967		-		11,656,967
TA T. Rowe Price Small Cap Service Class		2,506,000		-		2,506,000
TA WMC US Growth Service Class		20,990,630		-		20,990,630


See accompanying notes.		5

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	AB Balanced Hedged Allocation Class B Shares Subaccount			Fidelity^® VIP Index 500 Service Class 2 Subaccount			Franklin Allocation Class 4 Shares Subaccount			ProFund Access VP High Yield Subaccount

Net Assets as of December 31, 2021:	$	1,137,287		$	10,230,806		$	1,243,190		$	281,052


Investment Income:
Reinvested Dividends		29,273			103,842			11,891			9,041
Investment Expense:
Mortality and Expense Risk and Administrative Charges		14,840			110,650			11,861			3,729

Net Investment Income (Loss)		14,433			(6,808	)		30			5,312

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		95,362			67,528			74,939			-
Realized Gain (Loss) on Investments		(22,365	)		289,265			(115,819	)		(4,492	)

Net Realized Capital Gains (Losses) on Investments		72,997			356,793			(40,880	)		(4,492	)
Net Change in Unrealized Appreciation (Depreciation)		(313,879	)		(2,326,532	)		(142,193	)		(28,300	)

Net Gain (Loss) on Investment		(240,882	)		(1,969,739	)		(183,073	)		(32,792	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(226,449	)		(1,976,547	)		(183,043	)		(27,480	)


Increase (Decrease) in Net Assets from Contract Transactions		(102,402	)		(302,128	)		(339,220	)		19,230


Total Increase (Decrease) in Net Assets		(328,851	)		(2,278,675	)		(522,263	)		(8,250	)


Net Assets as of December 31, 2022:	$	808,436		$	7,952,131		$	720,927		$	272,802


Investment Income:
Reinvested Dividends		7,053			114,780			9,597			12,967
Investment Expense:
Mortality and Expense Risk and Administrative Charges		12,338			113,428			10,469			3,737

Net Investment Income (Loss)		(5,285	)		1,352			(872	)		9,230

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		40,414			80,536			11,913			-
Realized Gain (Loss) on Investments		(29,567	)		231,913			(27,286	)		(13,004	)

Net Realized Capital Gains (Losses) on Investments		10,847			312,449			(15,373	)		(13,004	)
Net Change in Unrealized Appreciation (Depreciation)		75,650			1,610,857			105,765			25,399

Net Gain (Loss) on Investment		86,497			1,923,306			90,392			12,395

Net Increase (Decrease) in Net Assets Resulting from Operations		81,212			1,924,658			89,520			21,625


Increase (Decrease) in Net Assets from Contract Transactions		(90,129	)		198,502			(64,190	)		(57,742	)


Total Increase (Decrease) in Net Assets		(8,917	)		2,123,160			25,330			(36,117	)


Net Assets as of December 31, 2023:	$	799,519		$	10,075,291		$	746,257		$	236,685

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Asia 30 Subaccount			ProFund VP Bull Subaccount			ProFund VP Communication Services Subaccount			ProFund VP Consumer Discretionary Subaccount

Net Assets as of December 31, 2021:	$	395,791		$	535,633		$	37,448		$	414,798


Investment Income:
Reinvested Dividends		1,580			-			575			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,068			6,006			389			4,337

Net Investment Income (Loss)		(2,488	)		(6,006	)		186			(4,337	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		37,120			58,375			-			2,940
Realized Gain (Loss) on Investments		(50,156	)		7,062			(231	)		(17,900	)

Net Realized Capital Gains (Losses) on Investments		(13,036	)		65,437			(231	)		(14,960	)
Net Change in Unrealized Appreciation (Depreciation)		(92,449	)		(167,505	)		(8,215	)		(112,413	)

Net Gain (Loss) on Investment		(105,485	)		(102,068	)		(8,446	)		(127,373	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(107,973	)		(108,074	)		(8,260	)		(131,710	)


Increase (Decrease) in Net Assets from Contract Transactions		22,443			(37,723	)		(5,965	)		(58,007	)


Total Increase (Decrease) in Net Assets		(85,530	)		(145,797	)		(14,225	)		(189,717	)


Net Assets as of December 31, 2022:	$	310,261		$	389,836		$	23,223		$	225,081


Investment Income:
Reinvested Dividends		287			-			190			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,748			5,627			275			3,918

Net Investment Income (Loss)		(3,461	)		(5,627	)		(85	)		(3,918	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		10,944			72,118			-			12,626
Realized Gain (Loss) on Investments		(93,930	)		(9,796	)		(672	)		(5,375	)

Net Realized Capital Gains (Losses) on Investments		(82,986	)		62,322			(672	)		7,251
Net Change in Unrealized Appreciation (Depreciation)		96,363			21,063			6,358			63,057

Net Gain (Loss) on Investment		13,377			83,385			5,686			70,308

Net Increase (Decrease) in Net Assets Resulting from Operations		9,916			77,758			5,601			66,390


Increase (Decrease) in Net Assets from Contract Transactions		(51,656	)		(205,752	)		(6,035	)		(18,624	)


Total Increase (Decrease) in Net Assets		(41,740	)		(127,994	)		(434	)		47,766


Net Assets as of December 31, 2023:	$	268,521		$	261,842		$	22,789		$	272,847

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Emerging Markets Subaccount			ProFund VP Energy Subaccount			ProFund VP Europe 30 Subaccount			ProFund VP Falling U.S. Dollar Subaccount

Net Assets as of December 31, 2021:	$	743,390		$	312,097		$	25,459		$	5,241


Investment Income:
Reinvested Dividends		3,953			4,150			476			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		8,122			5,093			429			30

Net Investment Income (Loss)		(4,169	)		(943	)		47			(30	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			1,399			-
Realized Gain (Loss) on Investments		(16,059	)		46,365			(2,890	)		(750	)

Net Realized Capital Gains (Losses) on Investments		(16,059	)		46,365			(1,491	)		(750	)
Net Change in Unrealized Appreciation (Depreciation)		(109,030	)		119,820			(2,756	)		340

Net Gain (Loss) on Investment		(125,089	)		166,185			(4,247	)		(410	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(129,258	)		165,242			(4,200	)		(440	)


Increase (Decrease) in Net Assets from Contract Transactions		9,399			(48,747	)		(1,889	)		(3,949	)


Total Increase (Decrease) in Net Assets		(119,859	)		116,495			(6,089	)		(4,389	)


Net Assets as of December 31, 2022:	$	623,531		$	428,592		$	19,370		$	852


Investment Income:
Reinvested Dividends		12,568			10,259			431			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,779			5,545			500			48

Net Investment Income (Loss)		4,789			4,714			(69	)		(48	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(11,211	)		16,513			657			(202	)

Net Realized Capital Gains (Losses) on Investments		(11,211	)		16,513			657			(202	)
Net Change in Unrealized Appreciation (Depreciation)		82,588			(36,925	)		2,879			160

Net Gain (Loss) on Investment		71,377			(20,412	)		3,536			(42	)

Net Increase (Decrease) in Net Assets Resulting from Operations		76,166			(15,698	)		3,467			(90	)


Increase (Decrease) in Net Assets from Contract Transactions		(134,927	)		12,647			(1,145	)		301


Total Increase (Decrease) in Net Assets		(58,761	)		(3,051	)		2,322			211


Net Assets as of December 31, 2023:	$	564,770		$	425,541		$	21,692		$	1,063

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Financials Subaccount			ProFund VP Government Money Market Subaccount			ProFund VP International Subaccount			ProFund VP Japan Subaccount

Net Assets as of December 31, 2021:	$	397,657		$	3,632,084		$	436,408		$	14,651


Investment Income:
Reinvested Dividends		259			38,090			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,163			45,803			4,792			373

Net Investment Income (Loss)		(3,904	)		(7,713	)		(4,792	)		(373	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		3,392			-			16,114			1,703
Realized Gain (Loss) on Investments		7,747			-			(3,447	)		(608	)

Net Realized Capital Gains (Losses) on Investments		11,139			-			12,667			1,095
Net Change in Unrealized Appreciation (Depreciation)		(73,408	)		-			(83,927	)		(6,589	)

Net Gain (Loss) on Investment		(62,269	)		-			(71,260	)		(5,494	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(66,173	)		(7,713	)		(76,052	)		(5,867	)


Increase (Decrease) in Net Assets from Contract Transactions		(82,698	)		99,286			42,894			72,706


Total Increase (Decrease) in Net Assets		(148,871	)		91,573			(33,158	)		66,839


Net Assets as of December 31, 2022:	$	248,786		$	3,723,657		$	403,250		$	81,490


Investment Income:
Reinvested Dividends		825			152,903			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,592			48,104			4,987			495

Net Investment Income (Loss)		(1,767	)		104,799			(4,987	)		(495	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		7,461			-			-			-
Realized Gain (Loss) on Investments		3,284			-			(8,903	)		7,179

Net Realized Capital Gains (Losses) on Investments		10,745			-			(8,903	)		7,179
Net Change in Unrealized Appreciation (Depreciation)		11,528			-			56,396			5,998

Net Gain (Loss) on Investment		22,273			-			47,493			13,177

Net Increase (Decrease) in Net Assets Resulting from Operations		20,506			104,799			42,506			12,682


Increase (Decrease) in Net Assets from Contract Transactions		(81,162	)		(36,025	)		(210,146	)		(77,941	)


Total Increase (Decrease) in Net Assets		(60,656	)		68,774			(167,640	)		(65,259	)


Net Assets as of December 31, 2023:	$	188,130		$	3,792,431		$	235,610		$	16,231

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


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

Net Assets as of December 31, 2021:	$	353,691		$	664,585		$	1,370,651		$	336,595


Investment Income:
Reinvested Dividends		539			-			-			234
Investment Expense:
Mortality and Expense Risk and Administrative Charges		4,015			7,298			12,142			4,229

Net Investment Income (Loss)		(3,476	)		(7,298	)		(12,142	)		(3,995	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,717			102,939			176,825			17,598
Realized Gain (Loss) on Investments		10,632			(51,805	)		27,138			5,181

Net Realized Capital Gains (Losses) on Investments		13,349			51,134			203,963			22,779
Net Change in Unrealized Appreciation (Depreciation)		(46,561	)		(152,588	)		(628,099	)		(45,096	)

Net Gain (Loss) on Investment		(33,212	)		(101,454	)		(424,136	)		(22,317	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(36,688	)		(108,752	)		(436,278	)		(26,312	)


Increase (Decrease) in Net Assets from Contract Transactions		(32,989	)		(111,591	)		(249,104	)		(40,179	)


Total Increase (Decrease) in Net Assets		(69,677	)		(220,343	)		(685,382	)		(66,491	)


Net Assets as of December 31, 2022:	$	284,014		$	444,242		$	685,269		$	270,104


Investment Income:
Reinvested Dividends		1,383			-			-			1,280
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,887			5,655			12,117			3,450

Net Investment Income (Loss)		(2,504	)		(5,655	)		(12,117	)		(2,170	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			4,558			4,758
Realized Gain (Loss) on Investments		5,069			(69,517	)		(69,826	)		2,447

Net Realized Capital Gains (Losses) on Investments		5,069			(69,517	)		(65,268	)		7,205
Net Change in Unrealized Appreciation (Depreciation)		27,796			108,609			417,734			(23,448	)

Net Gain (Loss) on Investment		32,865			39,092			352,466			(16,243	)

Net Increase (Decrease) in Net Assets Resulting from Operations		30,361			33,437			340,349			(18,413	)


Increase (Decrease) in Net Assets from Contract Transactions		(2,668	)		(232,310	)		13,654			(25,409	)


Total Increase (Decrease) in Net Assets		27,693			(198,873	)		354,003			(43,822	)


Net Assets as of December 31, 2023:	$	311,707		$	245,369		$	1,039,272		$	226,282

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Precious Metals Subaccount			ProFund VP Short Emerging Markets Subaccount			ProFund VP Short International Subaccount			ProFund VP Short NASDAQ-100 Subaccount

Net Assets as of December 31, 2021:	$	309,341		$	33,172		$	15,026		$	114,767


Investment Income:
Reinvested Dividends		-			-			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,899			440			214			1,752

Net Investment Income (Loss)		(3,899	)		(440	)		(214	)		(1,752	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			580			-			-
Realized Gain (Loss) on Investments		5,858			(5,298	)		(4,543	)		(10,725	)

Net Realized Capital Gains (Losses) on Investments		5,858			(4,718	)		(4,543	)		(10,725	)
Net Change in Unrealized Appreciation (Depreciation)		(46,279	)		7,922			7,567			50,542

Net Gain (Loss) on Investment		(40,421	)		3,204			3,024			39,817

Net Increase (Decrease) in Net Assets Resulting from Operations		(44,320	)		2,764			2,810			38,065


Increase (Decrease) in Net Assets from Contract Transactions		(4,621	)		(9,424	)		(9,781	)		(3,833	)


Total Increase (Decrease) in Net Assets		(48,941	)		(6,660	)		(6,971	)		34,232


Net Assets as of December 31, 2022:	$	260,400		$	26,512		$	8,055		$	148,999


Investment Income:
Reinvested Dividends		-			43			135			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,470			274			105			944

Net Investment Income (Loss)		(3,470	)		(231	)		30			(944	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			51			-			224
Realized Gain (Loss) on Investments		(4,400	)		(8,598	)		(247	)		(34,497	)

Net Realized Capital Gains (Losses) on Investments		(4,400	)		(8,547	)		(247	)		(34,273	)
Net Change in Unrealized Appreciation (Depreciation)		10,769			6,588			(683	)		(8,848	)

Net Gain (Loss) on Investment		6,369			(1,959	)		(930	)		(43,121	)

Net Increase (Decrease) in Net Assets Resulting from Operations		2,899			(2,190	)		(900	)		(44,065	)


Increase (Decrease) in Net Assets from Contract Transactions		13,858			(17,248	)		(222	)		(102,184	)


Total Increase (Decrease) in Net Assets		16,757			(19,438	)		(1,122	)		(146,249	)


Net Assets as of December 31, 2023:	$	277,157		$	7,074		$	6,933		$	2,750

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP Short Small-Cap Subaccount			ProFund VP Small-Cap Subaccount			ProFund VP Small-Cap Value Subaccount			ProFund VP U.S. Government Plus Subaccount

Net Assets as of December 31, 2021:	$	16,648		$	378,656		$	319,546		$	150,178


Investment Income:
Reinvested Dividends		-			-			-			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		251			4,245			4,349			1,341

Net Investment Income (Loss)		(251	)		(4,245	)		(4,349	)		(1,341	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			34,894			55,793			-
Realized Gain (Loss) on Investments		(159	)		368			(40,774	)		(25,588	)

Net Realized Capital Gains (Losses) on Investments		(159	)		35,262			15,019			(25,588	)
Net Change in Unrealized Appreciation (Depreciation)		3,128			(116,706	)		(55,775	)		(34,524	)

Net Gain (Loss) on Investment		2,969			(81,444	)		(40,756	)		(60,112	)

Net Increase (Decrease) in Net Assets Resulting from Operations		2,718			(85,689	)		(45,105	)		(61,453	)


Increase (Decrease) in Net Assets from Contract Transactions		213			(20,535	)		(44,669	)		(24,169	)


Total Increase (Decrease) in Net Assets		2,931			(106,224	)		(89,774	)		(85,622	)


Net Assets as of December 31, 2022:	$	19,579		$	272,432		$	229,772		$	64,556


Investment Income:
Reinvested Dividends		50			-			41			2,514
Investment Expense:
Mortality and Expense Risk and Administrative Charges		218			3,530			2,929			798

Net Investment Income (Loss)		(168	)		(3,530	)		(2,888	)		1,716

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		996			-			10,220			-
Realized Gain (Loss) on Investments		63			(22,690	)		439			(63,075	)

Net Realized Capital Gains (Losses) on Investments		1,059			(22,690	)		10,659			(63,075	)
Net Change in Unrealized Appreciation (Depreciation)		(1,246	)		41,872			17,554			59,234

Net Gain (Loss) on Investment		(187	)		19,182			28,213			(3,841	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(355	)		15,652			25,325			(2,125	)


Increase (Decrease) in Net Assets from Contract Transactions		(13,051	)		(205,468	)		73,326			(29,571	)


Total Increase (Decrease) in Net Assets		(13,406	)		(189,816	)		98,651			(31,696	)


Net Assets as of December 31, 2023:	$	6,173		$	82,616		$	328,423		$	32,860

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	ProFund VP UltraSmall-Cap Subaccount			ProFund VP Utilities Subaccount			TA Aegon Bond Service Class Subaccount			TA Aegon Core Bond Service Class Subaccount

Net Assets as of December 31, 2021:	$	211,035		$	361,010		$	6,671,755		$	3,425,678


Investment Income:
Reinvested Dividends		-			2,945			119,661			69,796
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,609			3,991			70,215			42,769

Net Investment Income (Loss)		(1,609	)		(1,046	)		49,446			27,027

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		23,127			3,211			-			12,506
Realized Gain (Loss) on Investments		(13,785	)		(273	)		(345,716	)		(73,939	)

Net Realized Capital Gains (Losses) on Investments		9,342			2,938			(345,716	)		(61,433	)
Net Change in Unrealized Appreciation (Depreciation)		(97,838	)		(9,029	)		(692,910	)		(439,475	)

Net Gain (Loss) on Investment		(88,496	)		(6,091	)		(1,038,626	)		(500,908	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(90,105	)		(7,137	)		(989,180	)		(473,881	)


Increase (Decrease) in Net Assets from Contract Transactions		(39,481	)		(63,917	)		(1,280,351	)		(161,140	)


Total Increase (Decrease) in Net Assets		(129,586	)		(71,054	)		(2,269,531	)		(635,021	)


Net Assets as of December 31, 2022:	$	81,449		$	289,956		$	4,402,224		$	2,790,657


Investment Income:
Reinvested Dividends		-			3,751			25,600			59,176
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,000			3,380			56,088			39,655

Net Investment Income (Loss)		(1,000	)		371			(30,488	)		19,521

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(31,815	)		(4,151	)		(340,161	)		(94,829	)

Net Realized Capital Gains (Losses) on Investments		(31,815	)		(4,151	)		(340,161	)		(94,829	)
Net Change in Unrealized Appreciation (Depreciation)		45,553			(23,864	)		562,555			191,296

Net Gain (Loss) on Investment		13,738			(28,015	)		222,394			96,467

Net Increase (Decrease) in Net Assets Resulting from Operations		12,738			(27,644	)		191,906			115,988


Increase (Decrease) in Net Assets from Contract Transactions		(23,557	)		(52,518	)		(586,464	)		(188,713	)


Total Increase (Decrease) in Net Assets		(10,819	)		(80,162	)		(394,558	)		(72,725	)


Net Assets as of December 31, 2023:	$	70,630		$	209,794		$	4,007,666		$	2,717,932

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


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

Net Assets as of December 31, 2021:	$	1,469,381		$	7,209,147		$	4,268,511		$	4,193,246


Investment Income:
Reinvested Dividends		59,882			105,870			74,147			56,805
Investment Expense:
Mortality and Expense Risk and Administrative Charges		16,432			79,894			109,553			57,984

Net Investment Income (Loss)		43,450			25,976			(35,406	)		(1,179	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			199,970			-			-
Realized Gain (Loss) on Investments		(56,984	)		(165,598	)		(565,294	)		-

Net Realized Capital Gains (Losses) on Investments		(56,984	)		34,372			(565,294	)		-
Net Change in Unrealized Appreciation (Depreciation)		(167,925	)		(1,001,963	)		(399,676	)		-

Net Gain (Loss) on Investment		(224,909	)		(967,591	)		(964,970	)		-

Net Increase (Decrease) in Net Assets Resulting from Operations		(181,459	)		(941,615	)		(1,000,376	)		(1,179	)


Increase (Decrease) in Net Assets from Contract Transactions		(332,850	)		(888,195	)		6,485,493			(246,979	)


Total Increase (Decrease) in Net Assets		(514,309	)		(1,829,810	)		5,485,117			(248,158	)


Net Assets as of December 31, 2022:	$	955,072		$	5,379,337		$	9,753,628		$	3,945,088


Investment Income:
Reinvested Dividends		35,991			96,252			120,154			171,390
Investment Expense:
Mortality and Expense Risk and Administrative Charges		12,435			68,466			119,893			50,830

Net Investment Income (Loss)		23,556			27,786			261			120,560

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(44,436	)		(184,779	)		(319,717	)		-

Net Realized Capital Gains (Losses) on Investments		(44,436	)		(184,779	)		(319,717	)		-
Net Change in Unrealized Appreciation (Depreciation)		98,375			365,968			554,582			-

Net Gain (Loss) on Investment		53,939			181,189			234,865			-

Net Increase (Decrease) in Net Assets Resulting from Operations		77,495			208,975			235,126			120,560


Increase (Decrease) in Net Assets from Contract Transactions		(211,654	)		(650,722	)		(2,144,129	)		(361,785	)


Total Increase (Decrease) in Net Assets		(134,159	)		(441,747	)		(1,909,003	)		(241,225	)


Net Assets as of December 31, 2023:	$	820,913		$	4,937,590		$	7,844,625		$	3,703,863

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA BlackRock iShares Active Asset Allocation - Conservative Service Class Subaccount			TA BlackRock iShares Active Asset Allocation - Moderate Service Class Subaccount			TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class Subaccount			TA BlackRock iShares Dynamic Allocation - Balanced Service Class Subaccount

Net Assets as of December 31, 2021:	$	827,387		$	603,493		$	846,079		$	173,084


Investment Income:
Reinvested Dividends		12,152			4,852			8,188			1,737
Investment Expense:
Mortality and Expense Risk and Administrative Charges		11,505			5,593			8,992			2,210

Net Investment Income (Loss)		647			(741	)		(804	)		(473	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		124,553			45,190			28,076			11,210
Realized Gain (Loss) on Investments		(46,115	)		7,405			(9,568	)		(5,231	)

Net Realized Capital Gains (Losses) on Investments		78,438			52,595			18,508			5,979
Net Change in Unrealized Appreciation (Depreciation)		(229,800	)		(146,063	)		(169,740	)		(35,431	)

Net Gain (Loss) on Investment		(151,362	)		(93,468	)		(151,232	)		(29,452	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(150,715	)		(94,209	)		(152,036	)		(29,925	)


Increase (Decrease) in Net Assets from Contract Transactions		118,116			(169,322	)		(133,831	)		(15,638	)


Total Increase (Decrease) in Net Assets		(32,599	)		(263,531	)		(285,867	)		(45,563	)


Net Assets as of December 31, 2022:	$	794,788		$	339,962		$	560,212		$	127,521


Investment Income:
Reinvested Dividends		6,560			5,191			6,665			1,874
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,141			4,699			7,414			2,019

Net Investment Income (Loss)		(581	)		492			(749	)		(145	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			-
Realized Gain (Loss) on Investments		(97,431	)		(3,652	)		(29,223	)		(962	)

Net Realized Capital Gains (Losses) on Investments		(97,431	)		(3,652	)		(29,223	)		(962	)
Net Change in Unrealized Appreciation (Depreciation)		140,830			42,451			112,921			14,790

Net Gain (Loss) on Investment		43,399			38,799			83,698			13,828

Net Increase (Decrease) in Net Assets Resulting from Operations		42,818			39,291			82,949			13,683


Increase (Decrease) in Net Assets from Contract Transactions		(404,157	)		(15,824	)		(137,369	)		(4,671	)


Total Increase (Decrease) in Net Assets		(361,339	)		23,467			(54,420	)		9,012


Net Assets as of December 31, 2023:	$	433,449		$	363,429		$	505,792		$	136,533

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class Subaccount			TA BlackRock iShares Edge 40 Service Class Subaccount			TA BlackRock Real Estate Securities Service Class Subaccount			TA BlackRock Tactical Allocation Service Class Subaccount

Net Assets as of December 31, 2021:	$	88,650		$	448,000		$	3,309,394		$	1,409,175


Investment Income:
Reinvested Dividends		851			5,703			73,423			40,803
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,072			4,979			34,276			15,903

Net Investment Income (Loss)		(221	)		724			39,147			24,900

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		7,021			14,891			-			94,234
Realized Gain (Loss) on Investments		(798	)		(4,905	)		(50,012	)		(28,428	)

Net Realized Capital Gains (Losses) on Investments		6,223			9,986			(50,012	)		65,806
Net Change in Unrealized Appreciation (Depreciation)		(21,873	)		(76,506	)		(916,417	)		(331,304	)

Net Gain (Loss) on Investment		(15,650	)		(66,520	)		(966,429	)		(265,498	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(15,871	)		(65,796	)		(927,282	)		(240,598	)


Increase (Decrease) in Net Assets from Contract Transactions		(4,437	)		(55,299	)		(257,211	)		(220,523	)


Total Increase (Decrease) in Net Assets		(20,308	)		(121,095	)		(1,184,493	)		(461,121	)


Net Assets as of December 31, 2022:	$	68,342		$	326,905		$	2,124,901		$	948,054


Investment Income:
Reinvested Dividends		920			6,514			110,940			25,226
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,012			4,484			28,172			13,985

Net Investment Income (Loss)		(92	)		2,030			82,768			11,241

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			5,084			-			37,418
Realized Gain (Loss) on Investments		(1,001	)		(6,410	)		(85,040	)		(18,688	)

Net Realized Capital Gains (Losses) on Investments		(1,001	)		(1,326	)		(85,040	)		18,730
Net Change in Unrealized Appreciation (Depreciation)		11,396			22,910			233,188			94,293

Net Gain (Loss) on Investment		10,395			21,584			148,148			113,023

Net Increase (Decrease) in Net Assets Resulting from Operations		10,303			23,614			230,916			124,264


Increase (Decrease) in Net Assets from Contract Transactions		(4,449	)		(30,457	)		(161,323	)		(24,010	)


Total Increase (Decrease) in Net Assets		5,854			(6,843	)		69,593			100,254


Net Assets as of December 31, 2023:	$	74,196		$	320,062		$	2,194,494		$	1,048,308

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA Goldman Sachs Managed Risk - Balanced ETF Service Class Subaccount			TA Goldman Sachs Managed Risk - Conservative ETF Service Class Subaccount			TA Goldman Sachs Managed Risk - Growth ETF Service Class Subaccount			TA International Focus Service Class Subaccount

Net Assets as of December 31, 2021:	$	687,063		$	152,760		$	1,810,294		$	2,186,183


Investment Income:
Reinvested Dividends		8,532			1,554			21,306			42,342
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,974			1,324			20,967			21,319

Net Investment Income (Loss)		558			230			339			21,023

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		14,227			1,451			89,501			82,548
Realized Gain (Loss) on Investments		(681	)		553			(7,835	)		628

Net Realized Capital Gains (Losses) on Investments		13,546			2,004			81,666			83,176
Net Change in Unrealized Appreciation (Depreciation)		(117,326	)		(17,751	)		(361,585	)		(553,350	)

Net Gain (Loss) on Investment		(103,780	)		(15,747	)		(279,919	)		(470,174	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(103,222	)		(15,517	)		(279,580	)		(449,151	)


Increase (Decrease) in Net Assets from Contract Transactions		(57,066	)		(49,128	)		(219,150	)		(383,082	)


Total Increase (Decrease) in Net Assets		(160,288	)		(64,645	)		(498,730	)		(832,233	)


Net Assets as of December 31, 2022:	$	526,775		$	88,115		$	1,311,564		$	1,353,950


Investment Income:
Reinvested Dividends		7,175			1,520			19,048			23,638
Investment Expense:
Mortality and Expense Risk and Administrative Charges		6,957			1,161			18,174			18,315

Net Investment Income (Loss)		218			359			874			5,323

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		33,155			4,070			34,858			-
Realized Gain (Loss) on Investments		(5,700	)		(401	)		6,489			15,370

Net Realized Capital Gains (Losses) on Investments		27,455			3,669			41,347			15,370
Net Change in Unrealized Appreciation (Depreciation)		27,326			3,488			152,527			110,852

Net Gain (Loss) on Investment		54,781			7,157			193,874			126,222

Net Increase (Decrease) in Net Assets Resulting from Operations		54,999			7,516			194,748			131,545


Increase (Decrease) in Net Assets from Contract Transactions		(86,033	)		(9,453	)		(416,082	)		(189,101	)


Total Increase (Decrease) in Net Assets		(31,034	)		(1,937	)		(221,334	)		(57,556	)


Net Assets as of December 31, 2023:	$	495,741		$	86,178		$	1,090,230		$	1,296,394

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


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

Net Assets as of December 31, 2021:	$	2,263,727		$	5,110,793		$	20,944,701		$	41,607,966


Investment Income:
Reinvested Dividends		14,896			-			912,486			1,852,140
Investment Expense:
Mortality and Expense Risk and Administrative Charges		25,614			54,494			235,806			452,464

Net Investment Income (Loss)		(10,718	)		(54,494	)		676,680			1,399,676

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		211,512			628,162			1,591,519			6,541,475
Realized Gain (Loss) on Investments		(37,283	)		34,951			(269,425	)		173,799

Net Realized Capital Gains (Losses) on Investments		174,229			663,113			1,322,094			6,715,274
Net Change in Unrealized Appreciation (Depreciation)		(588,048	)		(1,517,594	)		(5,364,162	)		(17,893,938	)

Net Gain (Loss) on Investment		(413,819	)		(854,481	)		(4,042,068	)		(11,178,664	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(424,537	)		(908,975	)		(3,365,388	)		(9,778,988	)


Increase (Decrease) in Net Assets from Contract Transactions		(214,672	)		(652,604	)		(2,464,371	)		(3,047,340	)


Total Increase (Decrease) in Net Assets		(639,209	)		(1,561,579	)		(5,829,759	)		(12,826,328	)


Net Assets as of December 31, 2022:	$	1,624,518		$	3,549,214		$	15,114,942		$	28,781,638


Investment Income:
Reinvested Dividends		17,511			-			326,722			449,164
Investment Expense:
Mortality and Expense Risk and Administrative Charges		22,135			51,487			218,809			415,099

Net Investment Income (Loss)		(4,624	)		(51,487	)		107,913			34,065

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		45,076			712,698			-			432,692
Realized Gain (Loss) on Investments		(47,633	)		(72,533	)		(778,590	)		(421,718	)

Net Realized Capital Gains (Losses) on Investments		(2,557	)		640,165			(778,590	)		10,974
Net Change in Unrealized Appreciation (Depreciation)		208,324			(63,388	)		1,446,477			5,067,963

Net Gain (Loss) on Investment		205,767			576,777			667,887			5,078,937

Net Increase (Decrease) in Net Assets Resulting from Operations		201,143			525,290			775,800			5,113,002


Increase (Decrease) in Net Assets from Contract Transactions		(178,754	)		(112,425	)		(220,785	)		(1,702,857	)


Total Increase (Decrease) in Net Assets		22,389			412,865			555,015			3,410,145


Net Assets as of December 31, 2023:	$	1,646,907		$	3,962,079		$	15,669,957		$	32,191,783

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


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

Net Assets as of December 31, 2021:	$	62,635,456		$	165,954,444		$	4,621,081		$	9,664,110


Investment Income:
Reinvested Dividends		2,586,024			6,817,889			15,240			353,913
Investment Expense:
Mortality and Expense Risk and Administrative Charges		713,876			1,873,735			50,244			101,074

Net Investment Income (Loss)		1,872,148			4,944,154			(35,004	)		252,839

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		5,070,074			18,491,716			452,908			620,471
Realized Gain (Loss) on Investments		56,166			506,327			87,984			91,777

Net Realized Capital Gains (Losses) on Investments		5,126,240			18,998,043			540,892			712,248
Net Change in Unrealized Appreciation (Depreciation)		(17,499,639	)		(54,004,464	)		(1,415,462	)		(2,662,804	)

Net Gain (Loss) on Investment		(12,373,399	)		(35,006,421	)		(874,570	)		(1,950,556	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(10,501,251	)		(30,062,267	)		(909,574	)		(1,697,717	)


Increase (Decrease) in Net Assets from Contract Transactions		(6,238,570	)		(17,040,685	)		(466,027	)		(1,324,022	)


Total Increase (Decrease) in Net Assets		(16,739,821	)		(47,102,952	)		(1,375,601	)		(3,021,739	)


Net Assets as of December 31, 2022:	$	45,895,635		$	118,851,492		$	3,245,480		$	6,642,371


Investment Income:
Reinvested Dividends		777,732			1,980,448			18,519			81,982
Investment Expense:
Mortality and Expense Risk and Administrative Charges		597,813			1,599,370			43,245			82,764

Net Investment Income (Loss)		179,919			381,078			(24,726	)		(782	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		324,984			5,122,207			149,133			-
Realized Gain (Loss) on Investments		(1,560,855	)		(3,990,591	)		101,071			(106,466	)

Net Realized Capital Gains (Losses) on Investments		(1,235,871	)		1,131,616			250,204			(106,466	)
Net Change in Unrealized Appreciation (Depreciation)		4,062,520			9,796,393			520,162			532,063

Net Gain (Loss) on Investment		2,826,649			10,928,009			770,366			425,597

Net Increase (Decrease) in Net Assets Resulting from Operations		3,006,568			11,309,087			745,640			424,815


Increase (Decrease) in Net Assets from Contract Transactions		(7,143,660	)		(14,864,921	)		(581,899	)		(1,102,041	)


Total Increase (Decrease) in Net Assets		(4,137,092	)		(3,555,834	)		163,741			(677,226	)


Net Assets as of December 31, 2023:	$	41,758,543		$	115,295,658		$	3,409,221		$	5,965,145

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA JPMorgan Tactical Allocation Service Class Subaccount			TA Market Participation Strategy Service Class Subaccount			TA Multi-Managed Balanced Service Class Subaccount			TA PIMCO Tactical - Balanced Service Class Subaccount

Net Assets as of December 31, 2021:	$	3,646,470		$	493,832		$	22,268,595		$	351,548


Investment Income:
Reinvested Dividends		44,885			141			170,329			1,579
Investment Expense:
Mortality and Expense Risk and Administrative Charges		41,018			5,861			255,523			4,176

Net Investment Income (Loss)		3,867			(5,720	)		(85,194	)		(2,597	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		305,240			101,228			2,244,841			26,513
Realized Gain (Loss) on Investments		(20,956	)		(7,002	)		312,191			(7,337	)

Net Realized Capital Gains (Losses) on Investments		284,284			94,226			2,557,032			19,176
Net Change in Unrealized Appreciation (Depreciation)		(854,666	)		(167,668	)		(6,327,920	)		(87,682	)

Net Gain (Loss) on Investment		(570,382	)		(73,442	)		(3,770,888	)		(68,506	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(566,515	)		(79,162	)		(3,856,082	)		(71,103	)


Increase (Decrease) in Net Assets from Contract Transactions		(422,368	)		(42,297	)		(1,695,914	)		(28,777	)


Total Increase (Decrease) in Net Assets		(988,883	)		(121,459	)		(5,551,996	)		(99,880	)


Net Assets as of December 31, 2022:	$	2,657,587		$	372,373		$	16,716,599		$	251,668


Investment Income:
Reinvested Dividends		39,186			1,472			232,646			2,614
Investment Expense:
Mortality and Expense Risk and Administrative Charges		35,031			5,137			235,575			3,829

Net Investment Income (Loss)		4,155			(3,665	)		(2,929	)		(1,215	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			595,030			-
Realized Gain (Loss) on Investments		(95,437	)		(17,494	)		87,089			(9,504	)

Net Realized Capital Gains (Losses) on Investments		(95,437	)		(17,494	)		682,119			(9,504	)
Net Change in Unrealized Appreciation (Depreciation)		263,522			55,881			2,021,178			40,096

Net Gain (Loss) on Investment		168,085			38,387			2,703,297			30,592

Net Increase (Decrease) in Net Assets Resulting from Operations		172,240			34,722			2,700,368			29,377


Increase (Decrease) in Net Assets from Contract Transactions		(264,959	)		(41,800	)		(1,299,008	)		75,994


Total Increase (Decrease) in Net Assets		(92,719	)		(7,078	)		1,401,360			105,371


Net Assets as of December 31, 2023:	$	2,564,868		$	365,295		$	18,117,959		$	357,039

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA PIMCO Tactical - Conservative Service Class Subaccount			TA PIMCO Tactical - Growth Service Class Subaccount			TA Small/Mid Cap Value Service Class Subaccount			TA T. Rowe Price Small Cap Service Class Subaccount

Net Assets as of December 31, 2021:	$	321,626		$	415,245		$	15,182,567		$	3,939,408


Investment Income:
Reinvested Dividends		2,813			-			42,403			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,649			4,822			177,338			39,795

Net Investment Income (Loss)		(836	)		(4,822	)		(134,935	)		(39,795)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		15,458			43,968			2,000,522			1,058,688
Realized Gain (Loss) on Investments		(13,822	)		(4,017	)		213,432			(293,783)

Net Realized Capital Gains (Losses) on Investments		1,636			39,951			2,213,954			764,905
Net Change in Unrealized Appreciation (Depreciation)		(58,882	)		(111,366	)		(3,516,126	)		(1,647,735)

Net Gain (Loss) on Investment		(57,246	)		(71,415	)		(1,302,172	)		(882,830)

Net Increase (Decrease) in Net Assets Resulting from Operations		(58,082	)		(76,237	)		(1,437,107	)		(922,625)


Increase (Decrease) in Net Assets from Contract Transactions		(50,261	)		(35,982	)		(2,224,584	)		(537,300)


Total Increase (Decrease) in Net Assets		(108,343	)		(112,219	)		(3,661,691	)		(1,459,925)


Net Assets as of December 31, 2022:	$	213,283		$	303,026		$	11,520,876		$	2,479,483


Investment Income:
Reinvested Dividends		2,424			2,499			93,426			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,052			4,107			156,984			35,680

Net Investment Income (Loss)		(628	)		(1,608	)		(63,558	)		(35,680)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			1,142,261			120,772
Realized Gain (Loss) on Investments		(9,701	)		(12,964	)		(181,903	)		(485,607)

Net Realized Capital Gains (Losses) on Investments		(9,701	)		(12,964	)		960,358			(364,835)
Net Change in Unrealized Appreciation (Depreciation)		24,263			50,144			226,703			824,966

Net Gain (Loss) on Investment		14,562			37,180			1,187,061			460,131

Net Increase (Decrease) in Net Assets Resulting from Operations		13,934			35,572			1,123,503			424,451


Increase (Decrease) in Net Assets from Contract Transactions		12,029			(31,649	)		(987,412	)		(397,934)


Total Increase (Decrease) in Net Assets		25,963			3,923			136,091			26,517


Net Assets as of December 31, 2023:	$	239,246		$	306,949		$	11,656,967		$	2,506,000

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA WMC US Growth Service Class Subaccount

Net Assets as of December 31, 2021:	$	22,175,158


Investment Income:
Reinvested Dividends		-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		233,708

Net Investment Income (Loss)		(233,708	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,880,330
Realized Gain (Loss) on Investments		537,439

Net Realized Capital Gains (Losses) on Investments		3,417,769
Net Change in Unrealized Appreciation (Depreciation)		(10,254,811	)

Net Gain (Loss) on Investment		(6,837,042	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(7,070,750	)


Increase (Decrease) in Net Assets from Contract Transactions		(1,693,563	)


Total Increase (Decrease) in Net Assets		(8,764,313	)


Net Assets as of December 31, 2022:	$	13,410,845


Investment Income:
Reinvested Dividends		-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		255,806

Net Investment Income (Loss)		(255,806	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		577,195
Realized Gain (Loss) on Investments		698,765

Net Realized Capital Gains (Losses) on Investments		1,275,960
Net Change in Unrealized Appreciation (Depreciation)		4,924,000

Net Gain (Loss) on Investment		6,199,960

Net Increase (Decrease) in Net Assets Resulting from Operations		5,944,154


Increase (Decrease) in Net Assets from Contract Transactions		1,635,631


Total Increase (Decrease) in Net Assets		7,579,785


Net Assets as of December 31, 2023:	$	20,990,630

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA U

Notes to Financial Statements

December 31, 2023

1. Organization

Separate Account VA U (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 Premier^® III Variable Annuity.

Subaccount Investment by Mutual Fund:


Subaccount		Mutual Fund
AB Variable Products Series Fund, Inc.		AB Variable Products Series Fund, Inc.
AB Balanced Hedged Allocation Class B Shares		AB Balanced Hedged Allocation Portfolio Class B Shares
Fidelity^® Variable Insurance Products Fund		Fidelity^® Variable Insurance Products Fund
Fidelity^® VIP Index 500 Service Class 2		Fidelity^® VIP Index 500 Portfolio Service Class 2
Franklin Templeton Variable Insurance Products Trust		Franklin Templeton Variable Insurance Products Trust
Franklin Allocation Class 4 Shares		Franklin Allocation Fund Class 4 Shares
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
ProFund VP Small-Cap Value		ProFund VP Small-Cap Value
ProFund VP U.S. Government Plus		ProFund VP U.S. Government Plus

Transamerica Life Insurance Company

Separate Account VA U

Notes to Financial Statements

December 31, 2023

1. Organization (continued)

Subaccount Investment by Mutual Fund:


Subaccount		Mutual Fund
ProFunds		ProFunds
ProFund VP UltraSmall-Cap		ProFund VP UltraSmall-Cap
ProFund VP Utilities		ProFund VP Utilities
Transamerica Series Trust		Transamerica Series Trust
TA Aegon Bond Service Class		Transamerica Aegon Bond VP Service Class
TA Aegon Core Bond Service Class		Transamerica Aegon Core Bond VP Service Class
TA Aegon High Yield Bond Service Class		Transamerica Aegon High Yield Bond VP Service Class
TA Aegon Sustainable Equity Income Service Class		Transamerica Aegon Sustainable Equity Income VP Service Class
TA Aegon U.S. Government Securities Service Class		Transamerica Aegon U.S. Government Securities VP Service 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 Service Class		Transamerica BlackRock iShares Active Asset Allocation - Moderate 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 Dynamic Allocation - Balanced Service Class		Transamerica BlackRock iShares Dynamic Allocation - Balanced VP Service Class
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		Transamerica BlackRock iShares Dynamic Allocation - Moderate Growth VP Service Class
TA BlackRock iShares Edge 40 Service Class		Transamerica BlackRock iShares Edge 40 VP Service 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 - Conservative ETF Service Class		Transamerica Goldman Sachs Managed Risk - Conservative 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 Service Class		Transamerica International Focus VP Service Class
TA Janus Balanced Service Class		Transamerica Janus Balanced VP Service Class
TA Janus Mid-Cap Growth Service Class		Transamerica Janus Mid-Cap Growth VP Service Class
TA JPMorgan Asset Allocation - Conservative Service Class		Transamerica JPMorgan Asset Allocation - Conservative VP Service Class
TA JPMorgan Asset Allocation - Growth Service Class		Transamerica JPMorgan Asset Allocation - Growth VP Service Class
TA JPMorgan Asset Allocation - Moderate Service Class		Transamerica JPMorgan Asset Allocation - Moderate VP Service Class
TA JPMorgan Asset Allocation - Moderate Growth Service Class		Transamerica JPMorgan Asset Allocation - Moderate Growth VP Service Class
TA JPMorgan Enhanced Index Service Class		Transamerica JPMorgan Enhanced Index VP Service Class
TA JPMorgan International Moderate Growth Service Class		Transamerica JPMorgan International Moderate Growth VP Service Class
TA JPMorgan Tactical Allocation Service Class		Transamerica JPMorgan Tactical Allocation VP Service Class
TA Market Participation Strategy Service Class		Transamerica Market Participation Strategy VP Service 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

Transamerica Life Insurance Company

Separate Account VA U

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 PIMCO Tactical - Growth Service Class		Transamerica PIMCO Tactical - Growth VP Service Class
TA Small/Mid Cap Value Service Class		Transamerica Small/Mid Cap Value VP Service Class
TA T. Rowe Price Small Cap Service Class		Transamerica T.Rowe Price Small Cap VP Service Class
TA WMC US Growth Service Class		Transamerica WMC US Growth VP Service Class

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 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 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

Separate Account VA U

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

Separate Account VA U

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

AB Balanced Hedged Allocation Class B Shares	$	48,224	$	103,224

Fidelity^® VIP Index 500 Service Class 2		774,898		494,592

Franklin Allocation Class 4 Shares		21,916		75,061

ProFund Access VP High Yield		45,431		93,942

ProFund VP Asia 30		88,805		132,979

ProFund VP Bull		79,490		218,751

ProFund VP Communication Services		190		6,311

ProFund VP Consumer Discretionary		20,420		30,340

ProFund VP Emerging Markets		89,079		219,212

ProFund VP Energy		49,375		32,015

ProFund VP Europe 30		161,527		162,741

ProFund VP Falling U.S. Dollar		5,678		5,426

ProFund VP Financials		13,631		89,099

ProFund VP Government Money Market		392,091		323,318

ProFund VP International		92,269		307,402

ProFund VP Japan		91,571		170,010

ProFund VP Materials		14,879		20,047

ProFund VP Mid-Cap		62,034		299,999

ProFund VP NASDAQ-100		219,601		213,501

ProFund VP Pharmaceuticals		12,953		35,776

ProFund VP Precious Metals		32,413		22,026

ProFund VP Short Emerging Markets		3,749		21,178

ProFund VP Short International		410		603

ProFund VP Short NASDAQ-100		4,313		107,219

ProFund VP Short Small-Cap		1,392		13,615

ProFund VP Small-Cap		489		209,487

ProFund VP Small-Cap Value		121,544		40,883

ProFund VP U.S. Government Plus		8,946		36,799

ProFund VP UltraSmall-Cap		3,927		28,484

ProFund VP Utilities		18,216		70,363

TA Aegon Bond Service Class		692,621		1,309,584

TA Aegon Core Bond Service Class		294,848		464,038

TA Aegon High Yield Bond Service Class		182,095		370,189

TA Aegon Sustainable Equity Income Service Class		290,639		913,583

TA Aegon U.S. Government Securities Service Class		1,216,753		3,360,624

TA BlackRock Government Money Market Service Class		614,076		855,310

Transamerica Life Insurance Company

Separate Account VA U

Notes to Financial Statements

December 31, 2023

3. Investments (continued)


Subaccount	Purchases		Sales

TA BlackRock iShares Active Asset Allocation - Conservative Service Class	$	7,729	$	412,469

TA BlackRock iShares Active Asset Allocation - Moderate Service Class		5,191		20,520

TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		16,008		154,126

TA BlackRock iShares Dynamic Allocation - Balanced Service Class		5,228		10,044

TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		920		5,460

TA BlackRock iShares Edge 40 Service Class		16,975		40,319

TA BlackRock Real Estate Securities Service Class		188,028		266,576

TA BlackRock Tactical Allocation Service Class		112,844		88,203

TA Goldman Sachs Managed Risk - Balanced ETF Service Class		42,179		94,841

TA Goldman Sachs Managed Risk - Conservative ETF Service Class		5,630		10,653

TA Goldman Sachs Managed Risk - Growth ETF Service Class		90,116		470,465

TA International Focus Service Class		70,670		254,452

TA Janus Balanced Service Class		138,017		276,319

TA Janus Mid-Cap Growth Service Class		1,087,541		538,773

TA JPMorgan Asset Allocation - Conservative Service Class		3,045,908		3,158,748

TA JPMorgan Asset Allocation - Growth Service Class		1,092,244		2,328,322

TA JPMorgan Asset Allocation - Moderate Service Class		1,561,691		8,200,440

TA JPMorgan Asset Allocation - Moderate Growth Service Class		7,551,464		16,913,074

TA JPMorgan Enhanced Index Service Class		217,522		675,003

TA JPMorgan International Moderate Growth Service Class		144,559		1,247,357

TA JPMorgan Tactical Allocation Service Class		213,071		473,873

TA Market Participation Strategy Service Class		2,294		47,759

TA Multi-Managed Balanced Service Class		1,350,552		2,057,447

TA PIMCO Tactical - Balanced Service Class		99,477		24,699

TA PIMCO Tactical - Conservative Service Class		40,688		29,288

TA PIMCO Tactical - Growth Service Class		15,737		48,994

TA Small/Mid Cap Value Service Class		1,648,080		1,556,794

TA T. Rowe Price Small Cap Service Class		379,780		692,619

TA WMC US Growth Service Class		6,167,111		4,210,100

Transamerica Life Insurance Company

Separate Account VA U

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)

AB Balanced Hedged Allocation Class B Shares		409		(42,529	)		(42,120	)		976		(47,343	)		(46,367	)

Fidelity^® VIP Index 500 Service Class 2		142,184		(95,799	)		46,385			56,657		(137,131	)		(80,474	)

Franklin Allocation Class 4 Shares		182		(27,250	)		(27,068	)		-		(137,065	)		(137,065	)

ProFund Access VP High Yield		18,887		(52,175	)		(33,288	)		25,581		(14,846	)		10,735

ProFund VP Asia 30		92,599		(152,689	)		(60,090	)		105,437		(86,642	)		18,795

ProFund VP Bull		3,104		(88,995	)		(85,891	)		381		(16,996	)		(16,615	)

ProFund VP Communication Services		-		(6,057	)		(6,057	)		2		(6,099	)		(6,097	)

ProFund VP Consumer Discretionary		2,930		(8,837	)		(5,907	)		2,425		(23,217	)		(20,792	)

ProFund VP Emerging Markets		101,548		(276,901	)		(175,353	)		117,724		(105,368	)		12,356

ProFund VP Energy		35,748		(24,156	)		11,592			31,110		(87,263	)		(56,153	)

ProFund VP Europe 30		166,085		(166,795	)		(710	)		83,437		(87,575	)		(4,138	)

ProFund VP Falling U.S. Dollar		11,111		(10,735	)		376			-		(7,623	)		(7,623	)

ProFund VP Financials		4,239		(72,240	)		(68,001	)		50,549		(120,126	)		(69,577	)

ProFund VP Government Money Market		285,084		(320,994	)		(35,910	)		520,525		(396,788	)		123,737

ProFund VP International		112,749		(376,665	)		(263,916	)		93,913		(35,643	)		58,270

ProFund VP Japan		74,144		(142,992	)		(68,848	)		159,326		(91,275	)		68,051

ProFund VP Materials		7,917		(9,788	)		(1,871	)		5,395		(25,640	)		(20,245	)

ProFund VP Mid-Cap		29,181		(143,351	)		(114,170	)		48,077		(104,624	)		(56,547	)

ProFund VP NASDAQ-100		42,380		(40,690	)		1,690			3,537		(56,311	)		(52,774	)

ProFund VP Pharmaceuticals		3,555		(15,984	)		(12,429	)		4,551		(23,235	)		(18,684	)

ProFund VP Precious Metals		64,676		(34,004	)		30,672			71,474		(93,185	)		(21,711	)

ProFund VP Short Emerging Markets		22,355		(131,716	)		(109,361	)		12,275		(63,321	)		(51,046	)

ProFund VP Short International		1,225		(2,124	)		(899	)		898		(37,020	)		(36,122	)

ProFund VP Short NASDAQ-100		86,106		(2,733,427	)		(2,647,321	)		345,333		(422,295	)		(76,962	)

ProFund VP Short Small-Cap		4,011		(139,575	)		(135,564	)		4,036		(1,632	)		2,404

ProFund VP Small-Cap		292		(125,747	)		(125,455	)		-		(12,160	)		(12,160	)

ProFund VP Small-Cap Value		54,147		(19,987	)		34,160			159,875		(184,338	)		(24,463	)

Transamerica Life Insurance Company

Separate Account VA U

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		5,250		(31,436	)		(26,186	)		1,901		(20,449	)		(18,548	)

ProFund VP UltraSmall-Cap		2,601		(19,436	)		(16,835	)		1,716		(27,232	)		(25,516	)

ProFund VP Utilities		8,478		(36,239	)		(27,761	)		23,410		(55,977	)		(32,567	)

TA Aegon Bond Service Class		498,860		(938,040	)		(439,180	)		515,094		(1,403,773	)		(888,679	)

TA Aegon Core Bond Service Class		175,934		(319,673	)		(143,739	)		243,165		(344,541	)		(101,376	)

TA Aegon High Yield Bond Service Class		67,301		(168,785	)		(101,484	)		37,361		(198,673	)		(161,312	)

TA Aegon Sustainable Equity Income Service Class		86,217		(361,996	)		(275,779	)		61,648		(427,488	)		(365,840	)

TA Aegon U.S. Government Securities Service Class		970,650		(2,758,045	)		(1,787,395	)		7,495,101		(2,235,326	)		5,259,775

TA BlackRock Government Money Market Service Class		473,415		(857,852	)		(384,437	)		2,130,777		(2,398,309	)		(267,532	)

TA BlackRock iShares Active Asset Allocation - Conservative Service Class		995		(338,361	)		(337,366	)		324,577		(237,869	)		86,708

TA BlackRock iShares Active Asset Allocation - Moderate Service Class		-		(13,196	)		(13,196	)		114		(133,572	)		(133,458	)

TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		7,625		(114,893	)		(107,268	)		6,283		(109,660	)		(103,377	)

TA BlackRock iShares Dynamic Allocation - Balanced Service Class		2,744		(6,694	)		(3,950	)		8,179		(21,826	)		(13,647	)

TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		-		(3,420	)		(3,420	)		-		(3,496	)		(3,496	)

TA BlackRock iShares Edge 40 Service Class		3,424		(22,758	)		(19,334	)		4,005		(37,664	)		(33,659	)

TA BlackRock Real Estate Securities Service Class		39,259		(115,664	)		(76,405	)		42,211		(144,112	)		(101,901	)

TA BlackRock Tactical Allocation Service Class		38,662		(57,695	)		(19,033	)		2,839		(177,895	)		(175,056	)

TA Goldman Sachs Managed Risk - Balanced ETF Service Class		1,274		(60,346	)		(59,072	)		494		(39,509	)		(39,015	)

TA Goldman Sachs Managed Risk - Conservative ETF Service Class		28		(6,796	)		(6,768	)		47		(33,739	)		(33,692	)

TA Goldman Sachs Managed Risk - Growth ETF Service Class		22,709		(270,304	)		(247,595	)		8,278		(150,310	)		(142,032	)

TA International Focus Service Class		33,974		(173,649	)		(139,675	)		45,624		(322,570	)		(276,946	)

TA Janus Balanced Service Class		39,797		(137,665	)		(97,868	)		348,982		(474,313	)		(125,331	)

TA Janus Mid-Cap Growth Service Class		104,660		(136,418	)		(31,758	)		10,082		(198,016	)		(187,934	)

TA JPMorgan Asset Allocation - Conservative Service Class		1,707,523		(1,819,843	)		(112,320	)		186,973		(1,626,275	)		(1,439,302	)

TA JPMorgan Asset Allocation - Growth Service Class		102,485		(753,472	)		(650,987	)		131,817		(1,339,483	)		(1,207,666	)

TA JPMorgan Asset Allocation - Moderate Service Class		245,128		(3,958,569	)		(3,713,441	)		240,579		(3,333,929	)		(3,093,350	)

Transamerica Life Insurance Company

Separate Account VA U

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 JPMorgan Asset Allocation - Moderate Growth Service Class		227,740		(6,989,202	)		(6,761,462	)		217,566		(7,808,073	)		(7,590,507	)

TA JPMorgan Enhanced Index Service Class		12,948		(163,263	)		(150,315	)		31,587		(162,288	)		(130,701	)

TA JPMorgan International Moderate Growth Service Class		55,246		(937,103	)		(881,857	)		68,928		(1,076,615	)		(1,007,687	)

TA JPMorgan Tactical Allocation Service Class		133,251		(332,752	)		(199,501	)		108,182		(411,018	)		(302,836	)

TA Market Participation Strategy Service Class		481		(25,740	)		(25,259	)		468		(25,575	)		(25,107	)

TA Multi-Managed Balanced Service Class		172,760		(588,760	)		(416,000	)		218,762		(787,224	)		(568,462	)

TA PIMCO Tactical - Balanced Service Class		82,052		(18,008	)		64,044			440		(23,930	)		(23,490	)

TA PIMCO Tactical - Conservative Service Class		34,605		(23,592	)		11,013			753		(44,535	)		(43,782	)

TA PIMCO Tactical - Growth Service Class		11,326		(36,510	)		(25,184	)		1,745		(29,068	)		(27,323	)

TA Small/Mid Cap Value Service Class		90,708		(301,022	)		(210,314	)		61,562		(527,470	)		(465,908	)

TA T. Rowe Price Small Cap Service Class		62,981		(161,498	)		(98,517	)		74,161		(210,789	)		(136,628	)

TA WMC US Growth Service Class		1,317,542		(886,401	)		431,141			109,178		(530,537	)		(421,359	)

Transamerica Life Insurance Company

Separate Account VA U

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)

AB Balanced Hedged Allocation Class B Shares	$	817	$	(90,946	)	$	(90,129	)	$	1,979	$	(104,381	)	$	(102,402	)

Fidelity^® VIP Index 500 Service Class 2		583,254		(384,752	)		198,502			229,078		(531,206	)		(302,128	)

Franklin Allocation Class 4 Shares		424		(64,614	)		(64,190	)		-		(339,220	)		(339,220	)

ProFund Access VP High Yield		32,680		(90,422	)		(57,742	)		43,165		(23,935	)		19,230

ProFund VP Asia 30		78,031		(129,687	)		(51,656	)		94,243		(71,800	)		22,443

ProFund VP Bull		7,394		(213,146	)		(205,752	)		840		(38,563	)		(37,723	)

ProFund VP Communication Services		-		(6,035	)		(6,035	)		2		(5,967	)		(5,965	)

ProFund VP Consumer Discretionary		7,933		(26,557	)		(18,624	)		7,532		(65,539	)		(58,007	)

ProFund VP Emerging Markets		76,986		(211,913	)		(134,927	)		86,742		(77,343	)		9,399

ProFund VP Energy		39,367		(26,720	)		12,647			36,921		(85,668	)		(48,747	)

ProFund VP Europe 30		161,113		(162,258	)		(1,145	)		82,825		(84,714	)		(1,889	)

ProFund VP Falling U.S. Dollar		5,678		(5,377	)		301			-		(3,949	)		(3,949	)

ProFund VP Financials		5,406		(86,568	)		(81,162	)		63,809		(146,507	)		(82,698	)

ProFund VP Government Money Market		239,991		(276,016	)		(36,025	)		435,773		(336,487	)		99,286

ProFund VP International		92,353		(302,499	)		(210,146	)		70,798		(27,904	)		42,894

ProFund VP Japan		91,574		(169,515	)		(77,941	)		167,982		(95,276	)		72,706

ProFund VP Materials		13,902		(16,570	)		(2,668	)		9,521		(42,510	)		(32,989	)

ProFund VP Mid-Cap		62,128		(294,438	)		(232,310	)		101,842		(213,433	)		(111,591	)

ProFund VP NASDAQ-100		215,820		(202,166	)		13,654			16,714		(265,818	)		(249,104	)

ProFund VP Pharmaceuticals		6,950		(32,359	)		(25,409	)		10,183		(50,362	)		(40,179	)

ProFund VP Precious Metals		32,705		(18,847	)		13,858			48,439		(53,060	)		(4,621	)

ProFund VP Short Emerging Markets		3,656		(20,904	)		(17,248	)		2,067		(11,491	)		(9,424	)

ProFund VP Short International		276		(498	)		(222	)		214		(9,995	)		(9,781	)

ProFund VP Short NASDAQ-100		4,099		(106,283	)		(102,184	)		16,232		(20,065	)		(3,833	)

ProFund VP Short Small-Cap		358		(13,409	)		(13,051	)		358		(145	)		213

ProFund VP Small-Cap		509		(205,977	)		(205,468	)		-		(20,535	)		(20,535	)

ProFund VP Small-Cap Value		111,312		(37,986	)		73,326			321,300		(365,969	)		(44,669	)

ProFund VP U.S. Government Plus		6,438		(36,009	)		(29,571	)		3,122		(27,291	)		(24,169	)

Transamerica Life Insurance Company

Separate Account VA U

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 UltraSmall-Cap	$	3,980	$	(27,537	)	$	(23,557	)	$	2,969	$	(42,450	)	$	(39,481	)

ProFund VP Utilities		14,510		(67,028	)		(52,518	)		49,719		(113,636	)		(63,917	)

TA Aegon Bond Service Class		672,757		(1,259,221	)		(586,464	)		713,544		(1,993,895	)		(1,280,351	)

TA Aegon Core Bond Service Class		238,592		(427,305	)		(188,713	)		332,054		(493,194	)		(161,140	)

TA Aegon High Yield Bond Service Class		146,427		(358,081	)		(211,654	)		80,091		(412,941	)		(332,850	)

TA Aegon Sustainable Equity Income Service Class		203,966		(854,688	)		(650,722	)		151,926		(1,040,121	)		(888,195	)

TA Aegon U.S. Government Securities Service Class		1,107,794		(3,251,923	)		(2,144,129	)		9,188,148		(2,702,655	)		6,485,493

TA BlackRock Government Money Market Service Class		446,575		(808,360	)		(361,785	)		1,960,447		(2,207,426	)		(246,979	)

TA BlackRock iShares Active Asset Allocation - Conservative Service Class		1,257		(405,414	)		(404,157	)		411,869		(293,753	)		118,116

TA BlackRock iShares Active Asset Allocation - Moderate Service Class		-		(15,824	)		(15,824	)		134		(169,456	)		(169,322	)

TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class		9,735		(147,104	)		(137,369	)		8,000		(141,831	)		(133,831	)

TA BlackRock iShares Dynamic Allocation - Balanced Service Class		3,354		(8,025	)		(4,671	)		9,847		(25,485	)		(15,638	)

TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class		-		(4,449	)		(4,449	)		-		(4,437	)		(4,437	)

TA BlackRock iShares Edge 40 Service Class		5,429		(35,886	)		(30,457	)		6,213		(61,512	)		(55,299	)

TA BlackRock Real Estate Securities Service Class		83,207		(244,530	)		(161,323	)		98,253		(355,464	)		(257,211	)

TA BlackRock Tactical Allocation Service Class		50,370		(74,380	)		(24,010	)		3,978		(224,501	)		(220,523	)

TA Goldman Sachs Managed Risk - Balanced ETF Service Class		1,879		(87,912	)		(86,033	)		679		(57,745	)		(57,066	)

TA Goldman Sachs Managed Risk - Conservative ETF Service Class		40		(9,493	)		(9,453	)		66		(49,194	)		(49,128	)

TA Goldman Sachs Managed Risk - Growth ETF Service Class		36,653		(452,735	)		(416,082	)		12,623		(231,773	)		(219,150	)

TA International Focus Service Class		48,050		(237,151	)		(189,101	)		62,248		(445,330	)		(383,082	)

TA Janus Balanced Service Class		76,212		(254,966	)		(178,754	)		653,368		(868,040	)		(214,672	)

TA Janus Mid-Cap Growth Service Class		381,316		(493,741	)		(112,425	)		38,270		(690,874	)		(652,604	)

TA JPMorgan Asset Allocation - Conservative Service Class		2,729,616		(2,950,401	)		(220,785	)		308,034		(2,772,405	)		(2,464,371	)

Transamerica Life Insurance Company

Separate Account VA U

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 JPMorgan Asset Allocation - Growth Service Class	$	270,336	$	(1,973,193	)	$	(1,702,857	)	$	340,620	$	(3,387,960	)	$	(3,047,340	)

TA JPMorgan Asset Allocation - Moderate Service Class		477,413		(7,621,073	)		(7,143,660	)		480,870		(6,719,440	)		(6,238,570	)

TA JPMorgan Asset Allocation - Moderate Growth Service Class		499,899		(15,364,820	)		(14,864,921	)		501,671		(17,542,356	)		(17,040,685	)

TA JPMorgan Enhanced Index Service Class		51,126		(633,025	)		(581,899	)		114,414		(580,441	)		(466,027	)

TA JPMorgan International Moderate Growth Service Class		70,428		(1,172,469	)		(1,102,041	)		85,720		(1,409,742	)		(1,324,022	)

TA JPMorgan Tactical Allocation Service Class		177,780		(442,739	)		(264,959	)		151,408		(573,776	)		(422,368	)

TA Market Participation Strategy Service Class		825		(42,625	)		(41,800	)		825		(43,122	)		(42,297	)

TA Multi-Managed Balanced Service Class		536,185		(1,835,193	)		(1,299,008	)		691,577		(2,387,491	)		(1,695,914	)

TA PIMCO Tactical - Balanced Service Class		96,921		(20,927	)		75,994			542		(29,319	)		(28,777	)

TA PIMCO Tactical - Conservative Service Class		38,339		(26,310	)		12,029			842		(51,103	)		(50,261	)

TA PIMCO Tactical - Growth Service Class		13,341		(44,990	)		(31,649	)		2,294		(38,276	)		(35,982	)

TA Small/Mid Cap Value Service Class		441,004		(1,428,416	)		(987,412	)		303,792		(2,528,376	)		(2,224,584	)

TA T. Rowe Price Small Cap Service Class		264,240		(662,174	)		(397,934	)		296,133		(833,433	)		(537,300	)

TA WMC US Growth Service Class		5,614,312		(3,978,681	)		1,635,631			464,615		(2,158,178	)		(1,693,563	)

Transamerica Life Insurance Company

Separate Account VA U

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

AB Balanced Hedged Allocation Class B Shares
	12/31/2023		348,261	$	2.34	to	$11.85	$	799,519		0.89	%		1.45	%	to	2.70	%		11.05	%	to	9.71	%
	12/31/2022		390,381		2.11	to	10.80		808,436		3.08			1.45		to	2.70			(20.32	)	to	(21.29	)
	12/31/2021		436,748		2.65	to	13.73		1,137,287		0.25			1.45		to	2.70			11.74		to	10.38
	12/31/2020		500,720		2.37	to	12.43		1,167,129		2.20			1.45		to	2.70			7.69		to	6.38
	12/31/2019		587,292		2.20	to	11.69		1,273,502		2.33			1.45		to	2.70			16.51		to	15.10
Fidelity^® VIP Index 500 Service Class 2
	12/31/2023		2,220,288		4.58	to	19.53		10,075,291		1.29			1.25		to	2.50			24.33		to	22.82
	12/31/2022		2,173,903		3.69	to	15.90		7,952,131		1.20			1.25		to	2.50			(19.42	)	to	(20.41	)
	12/31/2021		2,254,377		4.58	to	19.98		10,230,806		1.05			1.25		to	2.50			26.68		to	25.13
	12/31/2020		2,358,197		3.61	to	15.97		8,457,444		1.55			1.25		to	2.50			16.49		to	15.07
	12/31/2019		2,921,556		3.10	to	13.88		9,004,198		1.77			1.25		to	2.50			29.40		to	27.83
Franklin Allocation Class 4 Shares
	12/31/2023		295,489		2.54	to	11.90		746,257		1.31			1.40		to	2.65			13.05		to	11.67
	12/31/2022		322,557		2.25	to	10.66		720,927		1.44			1.40		to	2.65			(17.35	)	to	(18.35	)
	12/31/2021		459,622		2.72	to	13.06		1,243,190		1.64			1.40		to	2.65			10.00		to	8.66
	12/31/2020		556,693		2.47	to	12.02		1,369,446		1.34			1.40		to	2.65			10.21		to	8.87
	12/31/2019		586,279		2.24	to	11.04		1,309,253		3.10			1.40		to	2.65			17.91		to	16.48
ProFund Access VP High Yield
	12/31/2023		128,856		1.88	to	9.98		236,685		4.90			1.25		to	2.50			9.07		to	7.74
	12/31/2022		162,144		1.73	to	9.26		272,802		3.41			1.25		to	2.50			(9.10	)	to	(10.21	)
	12/31/2021		151,409		1.90	to	10.32		281,052		2.44			1.25		to	2.50			(0.97	)	to	(2.17	)
	12/31/2020		145,274		1.92	to	10.55		272,799		5.37			1.25		to	2.50			(1.30	)	to	(2.50	)
	12/31/2019		148,040		1.95	to	10.82		282,092		4.88			1.25		to	2.50			11.04		to	9.69
ProFund VP Asia 30
	12/31/2023		317,907		0.86	to	9.80		268,521		0.10			1.25		to	2.50			3.03		to	1.78
	12/31/2022		377,997		0.83	to	9.63		310,261		0.51			1.25		to	2.50			(25.36	)	to	(26.27	)
	12/31/2021		359,202		1.11	to	13.06		395,791		-			1.25		to	2.50			(19.53	)	to	(20.51	)
	12/31/2020		373,367		1.38	to	16.43		511,365		0.94			1.25		to	2.50			33.87		to	32.24
	12/31/2019		616,347		1.03	to	12.42		630,148		0.20			1.25		to	2.50			24.75		to	23.22
ProFund VP Bull
	12/31/2023		101,913		2.59	to	17.45		261,842		-			1.25		to	2.50			22.22		to	20.73
	12/31/2022		187,804		2.12	to	14.45		389,836		-			1.25		to	2.50			(20.73	)	to	(21.69	)
	12/31/2021		204,419		2.67	to	18.45		535,633		-			1.25		to	2.50			24.77		to	23.25
	12/31/2020		230,439		2.14	to	14.97		485,037		0.10			1.25		to	2.50			14.60		to	13.20
	12/31/2019		268,757		1.87	to	13.23		492,698		0.32			1.25		to	2.50			27.29		to	25.74
ProFund VP Communication Services
	12/31/2023		18,175		1.27	to	10.01		22,789		0.93			1.25		to	2.50			30.20		to	28.61
	12/31/2022		24,232		0.98	to	7.79		23,223		2.03			1.25		to	2.50			(22.19	)	to	(23.14	)
	12/31/2021		30,329		1.26	to	10.13		37,448		1.13			1.25		to	2.50			16.95		to	15.53
	12/31/2020		35,101		1.07	to	8.77		37,138		0.94			1.25		to	2.50			1.88		to	0.63
	12/31/2019		22,293		1.05	to	8.71		22,975		2.96			1.25		to	2.50			13.35		to	11.97
ProFund VP Consumer Discretionary
	12/31/2023		83,533		3.43	to	15.76		272,847		-			1.25		to	2.50			30.43		to	28.85
	12/31/2022		89,440		2.63	to	12.23		225,081		-			1.25		to	2.50			(32.38	)	to	(33.20	)
	12/31/2021		110,232		3.89	to	18.31		414,798		-			1.25		to	2.50			8.87		to	7.54
	12/31/2020		101,065		3.57	to	17.02		350,129		-			1.25		to	2.50			26.76		to	25.22
	12/31/2019		99,500		2.82	to	13.60		272,733		-			1.25		to	2.50			23.10		to	21.60

Transamerica Life Insurance Company

Separate Account VA U

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 Emerging Markets
	12/31/2023		679,908	$	0.84	to	$11.55	$	564,770		2.07	%		1.25	%	to	2.50	%		13.89	%	to	12.51	%
	12/31/2022		855,261		0.73	to	10.27		623,531		0.62			1.25		to	2.50			(17.23	)	to	(18.23	)
	12/31/2021		842,905		0.89	to	12.56		743,390		-			1.25		to	2.50			(19.03	)	to	(20.01	)
	12/31/2020		934,089		1.10	to	15.70		1,017,794		0.56			1.25		to	2.50			25.16		to	23.63
	12/31/2019		1,127,153		0.88	to	12.70		979,098		0.50			1.25		to	2.50			22.70		to	21.20
ProFund VP Energy
	12/31/2023		389,600		1.10	to	10.80		425,541		2.40			1.25		to	2.50			(3.70	)	to	(4.87	)
	12/31/2022		378,008		1.14	to	11.35		428,592		1.07			1.25		to	2.50			57.47		to	55.55
	12/31/2021		434,161		0.73	to	7.30		312,097		1.67			1.25		to	2.50			50.06		to	48.23
	12/31/2020		654,890		0.48	to	4.92		314,242		2.48			1.25		to	2.50			(35.27	)	to	(36.06	)
	12/31/2019		636,386		0.75	to	7.70		471,705		1.56			1.25		to	2.50			7.18		to	5.87
ProFund VP Europe 30
	12/31/2023		20,372		1.08	to	12.29		21,692		1.14			1.25		to	2.50			16.02		to	14.61
	12/31/2022		21,082		0.93	to	10.72		19,370		1.47			1.25		to	2.50			(8.90	)	to	(10.01	)
	12/31/2021		25,220		1.02	to	11.92		25,459		0.95			1.25		to	2.50			22.99		to	21.49
	12/31/2020		99,467		0.83	to	9.81		80,433		4.18			1.25		to	2.50			(10.35	)	to	(11.45	)
	12/31/2019		294,186		0.93	to	11.08		270,133		2.65			1.25		to	2.50			16.33		to	14.91
ProFund VP Falling U.S. Dollar
	12/31/2023		2,058		0.52	to	7.60		1,063		-			1.25		to	2.50			1.98		to	0.73
	12/31/2022		1,682		0.51	to	7.55		852		-			1.25		to	2.50			(9.89	)	to	(10.98	)
	12/31/2021		9,305		0.57	to	8.48		5,241		-			1.25		to	2.50			(9.17	)	to	(10.28	)
	12/31/2020		16,027		0.63	to	9.45		9,956		0.19			1.25		to	2.50			3.51		to	2.25
	12/31/2019		77,161		0.61	to	9.24		46,586		0.07			1.25		to	2.50			(3.54	)	to	(4.72	)
ProFund VP Financials
	12/31/2023		138,665		1.39	to	14.06		188,130		0.44			1.25		to	2.50			12.48		to	11.12
	12/31/2022		206,666		1.23	to	12.66		248,786		0.09			1.25		to	2.50			(16.19	)	to	(17.21	)
	12/31/2021		276,243		1.47	to	15.29		397,657		0.35			1.25		to	2.50			28.50		to	26.93
	12/31/2020		412,701		1.14	to	12.04		459,435		0.66			1.25		to	2.50			(2.98	)	to	(4.17	)
	12/31/2019		588,727		1.18	to	12.57		678,227		0.50			1.25		to	2.50			28.66		to	27.09
ProFund VP Government Money Market
	12/31/2023		4,279,262		0.89	to	8.97		3,792,431		4.07			1.25		to	2.50			2.86		to	1.61
	12/31/2022		4,315,172		0.87	to	8.83		3,723,657		1.06			1.25		to	2.50			(0.20	)	to	(1.42	)
	12/31/2021		4,191,435		0.87	to	8.95		3,632,084		0.01			1.25		to	2.50			(1.22	)	to	(2.43	)
	12/31/2020		4,282,505		0.88	to	9.18		3,758,038		0.03			1.25		to	2.50			(1.19	)	to	(2.40	)
	12/31/2019		757,275		0.89	to	9.40		665,533		0.86			1.25		to	2.50			(0.47	)	to	(1.69	)
ProFund VP International
	12/31/2023		273,828		0.87	to	11.15		235,610		-			1.25		to	2.50			14.13		to	12.74
	12/31/2022		537,744		0.76	to	9.89		403,250		-			1.25		to	2.50			(17.48	)	to	(18.48	)
	12/31/2021		479,474		0.92	to	12.14		436,408		-			1.25		to	2.50			7.48		to	6.17
	12/31/2020		496,478		0.86	to	11.43		420,935		0.51			1.25		to	2.50			3.60		to	2.34
	12/31/2019		508,415		0.83	to	11.17		416,523		0.27			1.25		to	2.50			17.80		to	16.36
ProFund VP Japan
	12/31/2023		11,956		1.36	to	14.97		16,231		-			1.25		to	2.50			32.86		to	31.24
	12/31/2022		80,804		1.03	to	11.40		81,490		-			1.25		to	2.50			(11.03	)	to	(12.12	)
	12/31/2021		12,753		1.15	to	12.98		14,651		-			1.25		to	2.50			2.61		to	1.36
	12/31/2020		49,826		1.12	to	12.80		55,938		0.28			1.25		to	2.50			14.50		to	13.11
	12/31/2019		162,942		0.98	to	11.32		159,858		0.07			1.25		to	2.50			18.52		to	17.07
ProFund VP Materials
	12/31/2023		169,789		1.86	to	14.64		311,707		0.47			1.25		to	2.50			10.99		to	9.64
	12/31/2022		171,660		1.67	to	13.36		284,014		0.18			1.25		to	2.50			(10.26	)	to	(11.35	)
	12/31/2021		191,905		1.86	to	15.07		353,691		0.29			1.25		to	2.50			24.08		to	22.57
	12/31/2020		191,473		1.50	to	12.29		284,603		0.58			1.25		to	2.50			15.05		to	13.64
	12/31/2019		279,484		1.31	to	10.82		361,818		0.34			1.25		to	2.50			16.27		to	14.85

Transamerica Life Insurance Company

Separate Account VA U

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 Mid-Cap
	12/31/2023		108,626	$	2.29	to	$13.19	$	245,369		-	%		1.25	%	to	2.50	%		12.43	%	to	11.06	%
	12/31/2022		222,796		2.04	to	11.88		444,242		-			1.25		to	2.50			(15.96	)	to	(16.99	)
	12/31/2021		279,343		2.42	to	14.31		664,585		-			1.25		to	2.50			20.70		to	19.23
	12/31/2020		235,386		2.01	to	12.00		463,982		0.98			1.25		to	2.50			9.39		to	8.06
	12/31/2019		315,910		1.84	to	11.11		572,449		0.17			1.25		to	2.50			22.00		to	20.51
ProFund VP NASDAQ-100
	12/31/2023		175,479		6.04	to	26.50		1,039,272		-			1.25		to	2.50			50.30		to	48.48
	12/31/2022		173,789		4.02	to	17.85		685,269		-			1.25		to	2.50			(34.73	)	to	(35.52	)
	12/31/2021		226,563		6.15	to	27.68		1,370,651		-			1.25		to	2.50			23.26		to	21.76
	12/31/2020		214,146		4.99	to	22.73		1,050,215		-			1.25		to	2.50			43.77		to	42.02
	12/31/2019		325,547		3.47	to	16.01		1,107,920		-			1.25		to	2.50			35.01		to	33.37
ProFund VP Pharmaceuticals
	12/31/2023		112,440		2.08	to	10.84		226,282		0.54			1.25		to	2.50			(6.66	)	to	(7.79	)
	12/31/2022		124,869		2.23	to	11.75		270,104		0.08			1.25		to	2.50			(7.29	)	to	(8.42	)
	12/31/2021		143,553		2.41	to	12.83		336,595		0.27			1.25		to	2.50			9.83		to	8.49
	12/31/2020		171,253		2.19	to	11.83		367,727		0.11			1.25		to	2.50			11.12		to	9.77
	12/31/2019		156,301		1.97	to	10.78		301,683		0.83			1.25		to	2.50			12.63		to	11.26
ProFund VP Precious Metals
	12/31/2023		504,343		0.56	to	10.97		277,157		-			1.25		to	2.50			0.23		to	(0.99	)
	12/31/2022		473,671		0.56	to	11.08		260,400		-			1.25		to	2.50			(12.12	)	to	(13.19	)
	12/31/2021		495,382		0.63	to	12.76		309,341		-			1.25		to	2.50			(10.06	)	to	(11.16	)
	12/31/2020		458,292		0.70	to	14.37		318,233		0.26			1.25		to	2.50			22.57		to	21.08
	12/31/2019		446,209		0.57	to	11.87		252,786		0.04			1.25		to	2.50			44.18		to	42.42
ProFund VP Short Emerging Markets
	12/31/2023		49,538		0.15	to	3.92		7,074		0.21			1.25		to	2.50			(12.86	)	to	(13.92	)
	12/31/2022		158,899		0.17	to	4.55		26,512		-			1.25		to	2.50			5.38		to	4.10
	12/31/2021		209,945		0.16	to	4.37		33,172		-			1.25		to	2.50			8.60		to	7.27
	12/31/2020		200,442		0.15	to	4.07		29,187		0.69			1.25		to	2.50			(32.60	)	to	(33.42	)
	12/31/2019		202,628		0.22	to	6.12		43,833		0.39			1.25		to	2.50			(21.97	)	to	(22.92	)
ProFund VP Short International
	12/31/2023		32,811		0.22	to	4.71		6,933		1.83			1.25		to	2.50			(11.40	)	to	(12.48	)
	12/31/2022		33,710		0.25	to	5.38		8,055		-			1.25		to	2.50			11.06		to	9.72
	12/31/2021		69,832		0.22	to	4.90		15,026		-			1.25		to	2.50			(14.47	)	to	(15.51	)
	12/31/2020		70,417		0.26	to	5.80		17,751		0.37			1.25		to	2.50			(17.97	)	to	(18.97	)
	12/31/2019		69,471		0.32	to	7.16		21,382		0.33			1.25		to	2.50			(18.44	)	to	(19.43	)
ProFund VP Short NASDAQ-100
	12/31/2023		77,209		0.04	to	1.75		2,750		-			1.25		to	2.50			(33.24	)	to	(34.05	)
	12/31/2022		2,724,530		0.05	to	2.65		148,999		-			1.25		to	2.50			33.40		to	31.78
	12/31/2021		2,801,492		0.04	to	2.01		114,767		-			1.25		to	2.50			(26.05	)	to	(26.96	)
	12/31/2020		407,969		0.06	to	2.75		22,356		0.09			1.25		to	2.50			(43.48	)	to	(44.17	)
	12/31/2019		397,871		0.10	to	4.93		38,608		0.05			1.25		to	2.50			(28.95	)	to	(29.81	)
ProFund VP Short Small-Cap
	12/31/2023		77,011		0.08	to	3.74		6,173		0.30			1.25		to	2.50			(11.97	)	to	(13.04	)
	12/31/2022		212,575		0.09	to	4.30		19,579		-			1.25		to	2.50			16.37		to	14.95
	12/31/2021		210,171		0.08	to	3.74		16,648		-			1.25		to	2.50			(20.04	)	to	(21.03	)
	12/31/2020		210,999		0.10	to	4.73		20,921		0.34			1.25		to	2.50			(32.80	)	to	(33.63	)
	12/31/2019		214,503		0.15	to	7.13		31,660		0.09			1.25		to	2.50			(21.76	)	to	(22.72	)
ProFund VP Small-Cap
	12/31/2023		44,924		1.85	to	11.82		82,616		-			1.25		to	2.50			13.49		to	12.11
	12/31/2022		170,379		1.63	to	10.54		272,432		-			1.25		to	2.50			(22.81	)	to	(23.75	)
	12/31/2021		182,539		2.12	to	13.82		378,656		-			1.25		to	2.50			11.49		to	10.13
	12/31/2020		240,904		1.90	to	12.55		450,301		0.06			1.25		to	2.50			15.61		to	14.20
	12/31/2019		215,447		1.64	to	10.99		348,108		-			1.25		to	2.50			22.08		to	20.59

Transamerica Life Insurance Company

Separate Account VA U

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 Value
	12/31/2023		152,868	$	2.18	to	$12.16	$	328,423		0.02	%		1.25	%	to	2.50	%		11.54	%	to	10.19	%
	12/31/2022		118,708		1.95	to	11.03		229,772		-			1.25		to	2.50			(13.49	)	to	(14.55	)
	12/31/2021		143,171		2.25	to	12.91		319,546		0.09			1.25		to	2.50			26.97		to	25.42
	12/31/2020		286,785		1.78	to	10.29		501,049		0.02			1.25		to	2.50			(0.19	)	to	(1.40	)
	12/31/2019		302,754		1.78	to	10.44		530,800		-			1.25		to	2.50			21.05		to	19.57
ProFund VP U.S. Government Plus
	12/31/2023		28,321		1.19	to	6.71		32,860		4.21			1.25		to	2.50			(1.19	)	to	(2.39	)
	12/31/2022		54,507		1.20	to	6.88		64,556		-			1.25		to	2.50			(42.42	)	to	(43.12	)
	12/31/2021		73,055		2.09	to	12.09		150,178		-			1.25		to	2.50			(8.23	)	to	(9.35	)
	12/31/2020		80,047		2.27	to	13.34		179,238		0.04			1.25		to	2.50			19.20		to	17.75
	12/31/2019		86,095		1.91	to	11.33		161,813		0.84			1.25		to	2.50			16.76		to	15.34
ProFund VP UltraSmall-Cap
	12/31/2023		41,826		1.71	to	10.73		70,630		-			1.25		to	2.50			20.92		to	19.45
	12/31/2022		58,661		1.42	to	8.99		81,449		-			1.25		to	2.50			(44.38	)	to	(45.06	)
	12/31/2021		84,177		2.55	to	16.36		211,035		-			1.25		to	2.50			21.78		to	20.30
	12/31/2020		97,225		2.09	to	13.60		200,789		0.12			1.25		to	2.50			14.95		to	13.55
	12/31/2019		163,627		1.82	to	11.97		295,170		-			1.25		to	2.50			45.51		to	43.74
ProFund VP Utilities
	12/31/2023		113,679		1.86	to	12.08		209,794		1.42			1.25		to	2.50			(9.72	)	to	(10.82	)
	12/31/2022		141,440		2.06	to	13.54		289,956		0.95			1.25		to	2.50			(1.48	)	to	(2.68	)
	12/31/2021		174,007		2.09	to	13.91		361,010		1.52			1.25		to	2.50			13.98		to	12.59
	12/31/2020		271,080		1.84	to	12.36		490,320		1.65			1.25		to	2.50			(3.60	)	to	(4.78	)
	12/31/2019		320,509		1.90	to	12.98		601,179		1.47			1.25		to	2.50			21.36		to	19.88
TA Aegon Bond Service Class
	12/31/2023		2,881,230		1.42	to	9.05		4,007,666		0.62			1.25		to	2.50			4.88		to	3.60
	12/31/2022		3,320,410		1.36	to	8.73		4,402,224		2.30			1.25		to	2.50			(16.13	)	to	(17.15	)
	12/31/2021		4,209,089		1.62	to	10.54		6,671,755		1.25			1.25		to	2.50			(2.29	)	to	(3.48	)
	12/31/2020		4,808,736		1.65	to	10.92		7,802,460		3.94			1.25		to	2.50			6.08		to	4.79
	12/31/2019		5,625,560		1.56	to	10.42		8,642,888		2.25			1.25		to	2.50			6.88		to	5.58
TA Aegon Core Bond Service Class
	12/31/2023		1,940,265		1.46	to	9.16		2,717,932		2.15			1.25		to	2.50			4.48		to	3.21
	12/31/2022		2,084,004		1.39	to	8.88		2,790,657		2.35			1.25		to	2.50			(14.07	)	to	(15.11	)
	12/31/2021		2,185,380		1.62	to	10.46		3,425,678		2.36			1.25		to	2.50			(2.49	)	to	(3.67	)
	12/31/2020		2,190,689		1.66	to	10.85		3,545,387		3.10			1.25		to	2.50			5.84		to	4.55
	12/31/2019		2,137,653		1.57	to	10.38		3,288,015		2.25			1.25		to	2.50			6.92		to	5.61
TA Aegon High Yield Bond Service Class
	12/31/2023		374,940		2.27	to	10.86		820,913		4.12			1.25		to	2.50			9.50		to	8.17
	12/31/2022		476,424		2.07	to	10.04		955,072		5.16			1.25		to	2.50			(12.55	)	to	(13.61	)
	12/31/2021		637,736		2.37	to	11.62		1,469,381		5.10			1.25		to	2.50			4.94		to	3.66
	12/31/2020		866,828		2.26	to	11.21		1,912,066		6.07			1.25		to	2.50			3.39		to	2.12
	12/31/2019		1,099,426		2.19	to	10.97		2,349,215		5.39			1.25		to	2.50			12.57		to	11.19
TA Aegon Sustainable Equity Income Service Class
	12/31/2023		1,961,523		2.58	to	11.05		4,937,590		1.92			1.25		to	2.50			4.70		to	3.43
	12/31/2022		2,237,302		2.47	to	10.68		5,379,337		1.82			1.25		to	2.50			(12.93	)	to	(13.99	)
	12/31/2021		2,603,142		2.83	to	12.42		7,209,147		1.86			1.25		to	2.50			20.61		to	19.14
	12/31/2020		3,059,503		2.35	to	10.42		7,028,245		2.77			1.25		to	2.50			(8.73	)	to	(9.84	)
	12/31/2019		3,353,035		2.57	to	11.56		8,450,480		2.18			1.25		to	2.50			22.05		to	20.56
TA Aegon U.S. Government Securities Service Class
	12/31/2023		6,586,298		1.22	to	8.72		7,844,625		1.38			1.25		to	2.50			2.41		to	1.16
	12/31/2022		8,373,693		1.20	to	8.62		9,753,628		0.92			1.25		to	2.50			(14.36	)	to	(15.41	)
	12/31/2021		3,113,918		1.40	to	10.19		4,268,511		1.54			1.25		to	2.50			(3.74	)	to	(4.91	)
	12/31/2020		3,960,187		1.45	to	10.72		5,627,969		1.19			1.25		to	2.50			7.32		to	6.01
	12/31/2019		4,694,593		1.35	to	10.11		6,205,579		1.53			1.25		to	2.50			5.04		to	3.75

Transamerica Life Insurance Company

Separate Account VA U

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 Government Money Market Service Class
	12/31/2023		3,850,098	$	0.98	to	$9.19	$	3,703,863		4.56	%		1.25	%	to	2.50	%		3.37	%	to	2.12	%
	12/31/2022		4,234,535		0.95	to	8.99		3,945,088		1.33			1.25		to	2.50			0.16		to	(1.06	)
	12/31/2021		4,502,067		0.95	to	9.09		4,193,246		0.00			1.25		to	2.50			(1.23	)	to	(2.44	)
	12/31/2020		4,665,627		0.96	to	9.32		4,404,296		0.23			1.25		to	2.50			(0.99	)	to	(2.20	)
	12/31/2019		4,328,151		0.97	to	9.53		4,135,113		1.71			1.25		to	2.50			0.46		to	(0.76	)
TA BlackRock iShares Active Asset Allocation - Conservative Service Class
	12/31/2023		334,470		1.30	to	10.58		433,449		1.22			1.25		to	2.50			8.60		to	7.28
	12/31/2022		671,836		1.20	to	9.87		794,788		1.45			1.25		to	2.50			(16.33	)	to	(17.35	)
	12/31/2021		585,128		1.43	to	11.94		827,387		1.02			1.25		to	2.50			4.44		to	3.16
	12/31/2020		714,364		1.37	to	11.57		966,134		2.05			1.25		to	2.50			5.34		to	4.05
	12/31/2019		644,796		1.30	to	11.12		831,223		1.98			1.25		to	2.50			9.86		to	8.52
TA BlackRock iShares Active Asset Allocation - Moderate Service Class
	12/31/2023		283,940		1.30	to	10.77		363,429		1.49			1.25		to	2.50			11.97		to	10.61
	12/31/2022		297,136		1.16	to	9.74		339,962		1.17			1.25		to	2.50			(18.16	)	to	(19.16	)
	12/31/2021		430,594		1.41	to	12.04		603,493		0.85			1.25		to	2.50			6.99		to	5.69
	12/31/2020		674,614		1.32	to	11.40		881,323		1.97			1.25		to	2.50			1.97		to	0.73
	12/31/2019		720,840		1.30	to	11.31		924,013		1.85			1.25		to	2.50			9.76		to	8.42
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class
	12/31/2023		371,351		1.38	to	10.61		505,792		1.24			1.25		to	2.50			16.17		to	14.76
	12/31/2022		478,619		1.19	to	9.25		560,212		1.26			1.25		to	2.50			(19.32	)	to	(20.30	)
	12/31/2021		581,996		1.47	to	11.60		846,079		0.56			1.25		to	2.50			6.29		to	5.00
	12/31/2020		810,629		1.39	to	11.05		1,108,545		1.83			1.25		to	2.50			(3.29	)	to	(4.47	)
	12/31/2019		901,007		1.43	to	11.57		1,276,668		1.66			1.25		to	2.50			9.98		to	8.64
TA BlackRock iShares Dynamic Allocation - Balanced Service Class
	12/31/2023		108,810		1.30	to	10.67		136,533		1.41			1.25		to	2.50			11.27		to	9.92
	12/31/2022		112,760		1.17	to	9.70		127,521		1.18			1.25		to	2.50			(16.93	)	to	(17.94	)
	12/31/2021		126,407		1.40	to	11.82		173,084		0.56			1.25		to	2.50			7.82		to	6.51
	12/31/2020		131,412		1.30	to	11.10		167,370		1.68			1.25		to	2.50			(1.78	)	to	(2.97	)
	12/31/2019		129,500		1.33	to	11.44		168,532		1.26			1.25		to	2.50			14.63		to	13.23
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class
	12/31/2023		52,339		1.45	to	11.47		74,196		1.29			1.25		to	2.50			15.83		to	14.43
	12/31/2022		55,759		1.25	to	10.02		68,342		1.14			1.25		to	2.50			(17.94	)	to	(18.94	)
	12/31/2021		59,255		1.52	to	12.36		88,650		0.29			1.25		to	2.50			13.00		to	11.62
	12/31/2020		65,559		1.35	to	11.08		87,005		2.62			1.25		to	2.50			(3.37	)	to	(4.55	)
	12/31/2019		33,985		1.40	to	11.60		47,260		1.44			1.25		to	2.50			15.39		to	13.98
TA BlackRock iShares Edge 40 Service Class
	12/31/2023		198,104		1.66	to	10.89		320,062		2.00			1.25		to	2.50			7.73		to	6.41
	12/31/2022		217,438		1.54	to	10.23		326,905		1.58			1.25		to	2.50			(15.49	)	to	(16.52	)
	12/31/2021		251,097		1.83	to	12.25		448,000		1.50			1.25		to	2.50			4.47		to	3.20
	12/31/2020		295,538		1.75	to	11.87		506,248		2.25			1.25		to	2.50			8.10		to	6.78
	12/31/2019		363,011		1.62	to	11.12		576,157		1.96			1.25		to	2.50			13.68		to	12.30
TA BlackRock Real Estate Securities Service Class
	12/31/2023		941,507		2.38	to	10.48		2,194,494		5.30			1.25		to	2.50			11.75		to	10.39
	12/31/2022		1,017,912		2.13	to	9.49		2,124,901		2.89			1.25		to	2.50			(29.27	)	to	(30.13	)
	12/31/2021		1,119,813		3.01	to	13.58		3,309,394		2.19			1.25		to	2.50			24.30		to	22.78
	12/31/2020		1,243,688		2.42	to	11.06		2,954,652		11.38			1.25		to	2.50			(1.74	)	to	(2.94	)
	12/31/2019		1,468,402		2.47	to	11.40		3,551,750		0.59			1.25		to	2.50			23.34		to	21.84
TA BlackRock Tactical Allocation Service Class
	12/31/2023		746,791		1.42	to	12.25		1,048,308		2.50			1.25		to	2.50			13.47		to	12.09
	12/31/2022		765,824		1.25	to	10.93		948,054		3.58			1.25		to	2.50			(17.24	)	to	(18.25	)
	12/31/2021		940,880		1.52	to	13.37		1,409,175		2.46			1.25		to	2.50			6.31		to	5.01
	12/31/2020		1,051,215		1.43	to	12.73		1,484,005		1.62			1.25		to	2.50			11.79		to	10.43
	12/31/2019		1,920,133		1.28	to	11.53		2,431,775		2.23			1.25		to	2.50			15.61		to	14.20

Transamerica Life Insurance Company

Separate Account VA U

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 Goldman Sachs Managed Risk - Balanced ETF Service Class
	12/31/2023		320,751	$	1.59	to	$11.55	$	495,741		1.44	%		1.25	%	to	2.50	%		11.81	%	to	10.45	%
	12/31/2022		379,823		1.42	to	10.46		526,775		1.49			1.25		to	2.50			(15.32	)	to	(16.35	)
	12/31/2021		418,838		1.68	to	12.50		687,063		1.09			1.25		to	2.50			8.00		to	6.69
	12/31/2020		548,353		1.55	to	11.72		836,609		2.14			1.25		to	2.50			2.90		to	1.65
	12/31/2019		668,948		1.51	to	11.53		991,879		2.12			1.25		to	2.50			14.22		to	12.83
TA Goldman Sachs Managed Risk - Conservative ETF Service Class
	12/31/2023		58,700		1.49	to	10.56		86,178		1.76			1.25		to	2.50			9.23		to	7.90
	12/31/2022		65,468		1.36	to	9.79		88,115		1.59			1.25		to	2.50			(12.91	)	to	(13.98	)
	12/31/2021		99,160		1.57	to	11.38		152,760		1.30			1.25		to	2.50			1.49		to	0.25
	12/31/2020		279,292		1.54	to	11.35		422,800		1.53			1.25		to	2.50			3.62		to	2.35
	12/31/2019		629,625		1.49	to	11.09		928,085		1.95			1.25		to	2.50			10.81		to	9.45
TA Goldman Sachs Managed Risk - Growth ETF Service Class
	12/31/2023		614,404		1.80	to	13.04		1,090,230		1.44			1.25		to	2.50			16.23		to	14.82
	12/31/2022		861,999		1.55	to	11.36		1,311,564		1.41			1.25		to	2.50			(15.57	)	to	(16.60	)
	12/31/2021		1,004,031		1.84	to	13.62		1,810,294		0.89			1.25		to	2.50			12.64		to	11.26
	12/31/2020		1,398,477		1.63	to	12.24		2,249,066		2.08			1.25		to	2.50			2.93		to	1.67
	12/31/2019		1,691,822		1.59	to	12.04		2,645,897		1.67			1.25		to	2.50			17.94		to	16.50
TA International Focus Service Class
	12/31/2023		886,444		1.49	to	13.22		1,296,394		1.77			1.25		to	2.50			10.89		to	9.54
	12/31/2022		1,026,119		1.35	to	12.07		1,353,950		2.73			1.25		to	2.50			(21.28	)	to	(22.24	)
	12/31/2021		1,303,065		1.71	to	15.52		2,186,183		1.06			1.25		to	2.50			9.26		to	7.93
	12/31/2020		1,531,393		1.57	to	14.38		2,359,324		2.04			1.25		to	2.50			19.10		to	17.64
	12/31/2019		1,754,564		1.31	to	12.22		2,270,646		1.27			1.25		to	2.50			25.83		to	24.30
TA Janus Balanced Service Class
	12/31/2023		819,549		2.06	to	14.93		1,646,907		1.12			1.25		to	2.50			13.60		to	12.22
	12/31/2022		917,417		1.81	to	13.31		1,624,518		0.80			1.25		to	2.50			(17.79	)	to	(18.79	)
	12/31/2021		1,042,748		2.20	to	16.39		2,263,727		1.15			1.25		to	2.50			14.02		to	12.63
	12/31/2020		876,615		1.93	to	14.55		1,672,231		1.51			1.25		to	2.50			12.90		to	11.53
	12/31/2019		874,346		1.71	to	13.05		1,479,947		1.39			1.25		to	2.50			20.27		to	18.80
TA Janus Mid-Cap Growth Service Class
	12/31/2023		1,002,894		4.05	to	19.30		3,962,079		-			1.25		to	2.50			15.36		to	13.96
	12/31/2022		1,034,652		3.51	to	16.93		3,549,214		-			1.25		to	2.50			(17.96	)	to	(18.96	)
	12/31/2021		1,222,586		4.28	to	20.90		5,110,793		0.10			1.25		to	2.50			15.55		to	14.14
	12/31/2020		1,422,189		3.70	to	18.31		5,157,477		0.04			1.25		to	2.50			17.46		to	16.03
	12/31/2019		1,496,316		3.15	to	15.78		4,626,016		-			1.25		to	2.50			34.65		to	33.00
TA JPMorgan Asset Allocation - Conservative Service Class
	12/31/2023		9,237,922		1.75	to	10.83		15,669,957		2.07			1.25		to	2.50			5.51		to	4.23
	12/31/2022		9,350,242		1.66	to	10.39		15,114,942		5.32			1.25		to	2.50			(16.65	)	to	(17.66	)
	12/31/2021		10,789,544		1.99	to	12.62		20,944,701		2.16			1.25		to	2.50			4.32		to	3.05
	12/31/2020		12,545,247		1.91	to	12.25		23,349,463		2.27			1.25		to	2.50			9.87		to	8.53
	12/31/2019		13,993,854		1.74	to	11.29		23,750,952		2.29			1.25		to	2.50			12.15		to	10.78
TA JPMorgan Asset Allocation - Growth Service Class
	12/31/2023		11,252,446		2.94	to	15.93		32,191,783		1.49			1.25		to	2.50			18.53		to	17.09
	12/31/2022		11,903,433		2.48	to	13.61		28,781,638		5.64			1.25		to	2.50			(23.69	)	to	(24.62	)
	12/31/2021		13,111,099		3.25	to	18.05		41,607,966		1.48			1.25		to	2.50			17.88		to	16.44
	12/31/2020		14,904,961		2.76	to	15.50		40,167,885		1.49			1.25		to	2.50			22.82		to	21.33
	12/31/2019		16,627,181		2.25	to	12.78		36,520,131		1.47			1.25		to	2.50			24.31		to	22.79
TA JPMorgan Asset Allocation - Moderate Service Class
	12/31/2023		20,737,910		2.08	to	11.86		41,758,543		1.81			1.25		to	2.50			7.52		to	6.21
	12/31/2022		24,451,351		1.93	to	11.17		45,895,635		5.03			1.25		to	2.50			(17.28	)	to	(18.29	)
	12/31/2021		27,544,701		2.33	to	13.67		62,635,456		1.69			1.25		to	2.50			7.59		to	6.28
	12/31/2020		30,693,828		2.17	to	12.86		64,978,923		1.97			1.25		to	2.50			10.89		to	9.54
	12/31/2019		35,970,936		1.96	to	11.74		68,726,479		1.95			1.25		to	2.50			14.74		to	13.34

Transamerica Life Insurance Company

Separate Account VA U

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 Growth Service Class
	12/31/2023		49,047,465	$	2.43	to	$13.28	$	115,295,658		1.73	%		1.25	%	to	2.50	%		10.55	%	to	9.21	%
	12/31/2022		55,808,927		2.19	to	12.16		118,851,492		5.09			1.25		to	2.50			(18.55	)	to	(19.54	)
	12/31/2021		63,399,434		2.69	to	15.11		165,954,444		1.94			1.25		to	2.50			12.30		to	10.93
	12/31/2020		71,825,110		2.40	to	13.62		167,676,534		1.81			1.25		to	2.50			13.25		to	11.87
	12/31/2019		83,189,947		2.12	to	12.18		171,794,837		1.93			1.25		to	2.50			18.31		to	16.87
TA JPMorgan Enhanced Index Service Class
	12/31/2023		763,535		4.54	to	19.82		3,409,221		0.57			1.25		to	2.50			25.82		to	24.29
	12/31/2022		913,850		3.61	to	15.95		3,245,480		0.40			1.25		to	2.50			(19.55	)	to	(20.53	)
	12/31/2021		1,044,551		4.49	to	20.06		4,621,081		0.58			1.25		to	2.50			28.19		to	26.62
	12/31/2020		1,246,517		3.50	to	15.85		4,303,977		1.23			1.25		to	2.50			18.38		to	16.94
	12/31/2019		1,380,590		2.96	to	13.55		4,026,350		0.90			1.25		to	2.50			29.08		to	27.50
TA JPMorgan International Moderate Growth Service Class
	12/31/2023		4,539,691		1.34	to	11.75		5,965,145		1.32			1.25		to	2.50			7.36		to	6.06
	12/31/2022		5,421,548		1.24	to	11.08		6,642,371		4.69			1.25		to	2.50			(18.44	)	to	(19.43	)
	12/31/2021		6,429,235		1.53	to	13.76		9,664,110		1.29			1.25		to	2.50			7.67		to	6.35
	12/31/2020		7,380,804		1.42	to	12.94		10,317,666		2.50			1.25		to	2.50			13.13		to	11.75
	12/31/2019		8,712,628		1.25	to	11.58		10,778,859		2.05			1.25		to	2.50			16.16		to	14.74
TA JPMorgan Tactical Allocation Service Class
	12/31/2023		1,831,461		1.44	to	10.65		2,564,868		1.53			1.25		to	2.50			7.23		to	5.93
	12/31/2022		2,030,962		1.34	to	10.05		2,657,587		1.50			1.25		to	2.50			(16.07	)	to	(17.10	)
	12/31/2021		2,333,798		1.60	to	12.13		3,646,470		1.49			1.25		to	2.50			3.34		to	2.08
	12/31/2020		2,455,965		1.55	to	11.88		3,719,444		2.05			1.25		to	2.50			10.72		to	9.37
	12/31/2019		2,536,179		1.40	to	10.86		3,472,379		2.05			1.25		to	2.50			10.53		to	9.18
TA Market Participation Strategy Service Class
	12/31/2023		208,252		1.79	to	13.93		365,295		0.40			1.25		to	2.50			10.18		to	8.84
	12/31/2022		233,511		1.62	to	12.80		372,373		0.03			1.25		to	2.50			(16.35	)	to	(17.37	)
	12/31/2021		258,618		1.94	to	15.49		493,832		0.52			1.25		to	2.50			13.04		to	11.66
	12/31/2020		176,857		1.72	to	13.88		300,390		1.29			1.25		to	2.50			18.84		to	17.39
	12/31/2019		119,550		1.44	to	11.82		171,738		0.92			1.25		to	2.50			17.12		to	15.69
TA Multi-Managed Balanced Service Class
	12/31/2023		5,377,115		3.45	to	14.80		18,117,959		1.34			1.25		to	2.50			16.98		to	15.56
	12/31/2022		5,793,115		2.95	to	12.81		16,716,599		0.91			1.25		to	2.50			(17.52	)	to	(18.52	)
	12/31/2021		6,361,577		3.58	to	15.72		22,268,595		0.96			1.25		to	2.50			15.35		to	13.94
	12/31/2020		7,255,083		3.10	to	13.80		22,051,094		1.37			1.25		to	2.50			14.18		to	12.78
	12/31/2019		7,081,225		2.72	to	12.23		18,865,680		1.39			1.25		to	2.50			20.00		to	18.53
TA PIMCO Tactical - Balanced Service Class
	12/31/2023		284,095		1.29	to	10.75		357,039		0.98			1.25		to	2.50			9.29		to	7.96
	12/31/2022		220,051		1.18	to	9.96		251,668		0.55			1.25		to	2.50			(20.65	)	to	(21.61	)
	12/31/2021		243,541		1.48	to	12.70		351,548		-			1.25		to	2.50			5.08		to	3.80
	12/31/2020		247,568		1.41	to	12.24		340,683		3.91			1.25		to	2.50			7.51		to	6.20
	12/31/2019		252,678		1.31	to	11.52		326,386		0.15			1.25		to	2.50			18.20		to	16.76
TA PIMCO Tactical - Conservative Service Class
	12/31/2023		205,021		1.19	to	10.46		239,246		1.13			1.25		to	2.50			5.92		to	4.63
	12/31/2022		194,008		1.13	to	10.00		213,283		1.09			1.25		to	2.50			(18.31	)	to	(19.31	)
	12/31/2021		237,790		1.38	to	12.39		321,626		0.92			1.25		to	2.50			2.92		to	1.67
	12/31/2020		368,826		1.34	to	12.18		486,694		1.58			1.25		to	2.50			8.54		to	7.21
	12/31/2019		467,517		1.24	to	11.37		567,748		0.09			1.25		to	2.50			16.11		to	14.70
TA PIMCO Tactical - Growth Service Class
	12/31/2023		230,397		1.37	to	11.96		306,949		0.87			1.25		to	2.50			12.54		to	11.17
	12/31/2022		255,581		1.22	to	10.76		303,026		-			1.25		to	2.50			(19.04	)	to	(20.02	)
	12/31/2021		282,904		1.50	to	13.45		415,245		-			1.25		to	2.50			7.86		to	6.55
	12/31/2020		376,662		1.39	to	12.63		512,934		3.27			1.25		to	2.50			7.74		to	6.43
	12/31/2019		190,294		1.29	to	11.86		242,836		-			1.25		to	2.50			20.05		to	18.59

Transamerica Life Insurance Company

Separate Account VA U

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 Small/Mid Cap Value Service Class
	12/31/2023		2,265,081	$	5.29	to	$14.29	$	11,656,967		0.82	%		1.25	%	to	2.50	%		10.77	%	to	9.42	%
	12/31/2022		2,475,395		4.78	to	13.06		11,520,876		0.33			1.25		to	2.50			(9.66	)	to	(10.76	)
	12/31/2021		2,941,303		5.29	to	14.63		15,182,567		0.49			1.25		to	2.50			26.24		to	24.70
	12/31/2020		3,369,635		4.19	to	11.73		13,812,896		0.98			1.25		to	2.50			2.46		to	1.21
	12/31/2019		3,772,360		4.09	to	11.59		15,105,626		0.74			1.25		to	2.50			23.40		to	21.89
TA T. Rowe Price Small Cap Service Class
	12/31/2023		542,932		4.74	to	15.81		2,506,000		-			1.25		to	2.50			19.39		to	17.94
	12/31/2022		641,449		3.97	to	13.41		2,479,483		-			1.25		to	2.50			(23.55	)	to	(24.48	)
	12/31/2021		778,077		5.19	to	17.75		3,939,408		-			1.25		to	2.50			9.71		to	8.37
	12/31/2020		971,311		4.73	to	16.38		4,498,025		-			1.25		to	2.50			21.78		to	20.30
	12/31/2019		1,128,987		3.89	to	13.62		4,287,933		-			1.25		to	2.50			30.76		to	29.16
TA WMC US Growth Service Class
	12/31/2023		4,072,213		5.33	to	23.81		20,990,630		-			1.25		to	2.50			39.98		to	38.28
	12/31/2022		3,641,072		3.81	to	17.22		13,410,845		-			1.25		to	2.50			(32.36	)	to	(33.18	)
	12/31/2021		4,062,431		5.63	to	25.77		22,175,158		-			1.25		to	2.50			18.89		to	17.44
	12/31/2020		4,518,623		4.74	to	21.94		20,786,549		-			1.25		to	2.50			35.25		to	33.60
	12/31/2019		5,236,235		3.50	to	16.43		17,860,072		-			1.25		to	2.50			37.95		to	36.27

⁽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

Separate Account VA U

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 of 0.15% of the daily net assets value of each subaccount for administrative expenses. TLIC also deducts an annual charge during the accumulation phase, not to exceed $35, proportionately from the subaccounts’ unit values. An annual charge ranging from 1.10% to 2.35% 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.

In addition to M&E, the following subaccounts are assessed a daily charge for fund facilitation fees:


	Additional Fund
Subaccount	Facilitation Fee Assessed
AB Balanced Hedged Allocation Class B Shares		0.20	%

Franklin Allocation Class 4 Shares		0.15	%

7. Income Taxes

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

Separate Account VA U

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.