Separate Account VA DD

FINANCIAL STATEMENTS

Transamerica Life Insurance Company

Separate Account VA DD

Years Ended December 31, 2023 and 2022

Transamerica Life Insurance Company

Separate Account VA DD

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		3
Notes to Financial Statements		8

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 DD

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the subaccounts of Separate Account VA DD 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 periods indicated in the table below, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the subaccounts of Separate Account VA DD as of December 31, 2023, and the results of each of their operations and the changes in each of their net assets for the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.


TA S&P 500 Index Initial Class (2)		Vanguard® International (1)
Vanguard® Balanced (1)		Vanguard® Mid-Cap Index (1)
Vanguard® Capital Growth (1)		Vanguard® Moderate Allocation (1)
Vanguard® Conservative Allocation (1)		Vanguard® Money Market (1)
Vanguard® Diversified Value (1)		Vanguard® Real Estate Index (1)
Vanguard® Equity Income (1)		Vanguard® Short-Term Investment Grade (1)
Vanguard® Equity Index (1)		Vanguard® Small Company Growth (1)
Vanguard® Global Bond Index (1)		Vanguard® Total Bond Market Index (1)
Vanguard® Growth (1)		Vanguard® Total International Stock Market Index (1)
Vanguard® High Yield Bond (1)		Vanguard® Total Stock Market Index (1)
(1) Statements of operations and changes in net assets for the years ended December 31, 2023 and 2022 (2) Statements of operations and changes in net assets for the year ended December 31, 2023 and the period May 2, 2022 (commencement of operations) through December 31, 2022

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 DD 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 DD 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 or the investee mutual fund. 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 DD since 2014.

Transamerica Life Insurance Company

Separate Account VA DD

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 S&P 500 Index Initial Class		4,444,324.986		$ 83,502,532		$ 89,508,705		$ 6		$ 89,508,711		7,593,486		$ 11.787565	$ 11.787565
Vanguard^® Balanced		90,958,619.439		2,013,742,481		2,118,426,247		-		2,118,426,247		13,524,903		156.631534	156.631534
Vanguard^® Capital Growth		20,801,950.854		728,423,243		964,794,481		(85)		964,794,396		8,992,678		107.286665	107.286665
Vanguard^® Conservative Allocation		13,960,424.674		352,661,378		341,192,779		70		341,192,849		9,041,223		37.737468	37.737468
Vanguard^® Diversified Value		34,412,138.011		468,592,059		537,861,717		(50)		537,861,667		8,663,436		62.084108	62.084108
Vanguard^® Equity Income		37,795,526.206		832,378,275		903,691,032		58		903,691,090		5,904,578		153.049235	153.049235
Vanguard^® Equity Index		34,647,972.833		1,287,436,474		2,109,715,066		(6)		2,109,715,060		10,045,181		210.022607	210.022607
Vanguard^® Global Bond Index		7,540,148.320		154,386,033		140,246,759		90		140,246,849		6,753,500		20.766544	20.766544
Vanguard^® Growth		30,361,004.739		771,979,768		769,347,860		(3)		769,347,857		6,766,946		113.692042	113.692042
Vanguard^® High Yield Bond		37,599,762.593		283,910,095		277,110,250		46		277,110,296		6,605,874		41.949072	41.949072
Vanguard^® International		38,605,902.059		971,595,087		948,547,014		(60)		948,546,954		12,758,790		74.344587	74.344587
Vanguard^® Mid-Cap Index		33,669,051.956		712,344,410		805,700,413		42		805,700,455		8,220,903		98.006324	98.006324
Vanguard^® Moderate Allocation		15,416,614.470		437,137,210		448,777,647		112		448,777,759		9,679,129		46.365513	46.365513
Vanguard^® Money Market		1,066,246,026.844		1,066,246,027		1,066,246,027		(306)		1,066,245,721		506,758,737		2.104050	2.104050
Vanguard^® Real Estate Index		35,265,583.101		441,611,218		420,365,751		(55)		420,365,696		5,191,626		80.969956	80.969956
Vanguard^® Short-Term Investment Grade		73,651,459.759		777,984,565		759,346,550		25		759,346,575		35,654,145		21.297568	21.297568
Vanguard^® Small Company Growth		44,440,137.449		861,837,974		782,590,820		30		782,590,850		5,991,790		130.610522	130.610522
Vanguard^® Total Bond Market Index		112,588,880.327		1,324,391,112		1,196,819,798		46		1,196,819,844		29,799,566		40.162325	40.162325
Vanguard^® Total International Stock Market Index		11,986,026.970		243,275,396		252,785,309		40		252,785,349		10,012,280		25.247530	25.247530
Vanguard^® Total Stock Market Index		35,243,722.566		1,326,808,111		1,742,802,081		(73)		1,742,802,008		23,623,334		73.774600	73.774600


See accompanying notes.		2

Transamerica Life Insurance Company

Separate Account VA DD

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA S&P 500 Index Initial Class Subaccount⁽¹⁾			Vanguard^® Balanced Subaccount			Vanguard^® Capital Growth Subaccount			Vanguard^® Conservative Allocation Subaccount

Net Assets as of December 31, 2021:	$	-		$	2,603,367,176		$	993,758,270		$	439,078,966


Investment Income:
Reinvested Dividends		163,096			42,789,962			7,464,675			9,511,790
Investment Expense:
Mortality and Expense Risk and Administrative Charges		27,228			6,535,069			2,507,849			1,103,502

Net Investment Income (Loss)		135,868			36,254,893			4,956,826			8,408,288

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		176,088			214,342,052			80,656,775			16,705,956
Realized Gain (Loss) on Investments		(273,958	)		46,565,127			30,347,095			2,384,409

Net Realized Capital Gains (Losses) on Investments		(97,870	)		260,907,179			111,003,870			19,090,365
Net Change in Unrealized Appreciation (Depreciation)		(853,139	)		(670,332,233	)		(269,721,825	)		(91,823,157	)

Net Gain (Loss) on Investment		(951,009	)		(409,425,054	)		(158,717,955	)		(72,732,792	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(815,141	)		(373,170,161	)		(153,761,129	)		(64,324,504	)


Increase (Decrease) in Net Assets from Contract Transactions		25,668,601			(201,499,945	)		(59,090,247	)		(38,380,292	)


Total Increase (Decrease) in Net Assets		24,853,460			(574,670,106	)		(212,851,376	)		(102,704,796	)


Net Assets as of December 31, 2022:	$	24,853,460		$	2,028,697,070		$	780,906,894		$	336,374,170


Investment Income:
Reinvested Dividends		726,184			42,484,053			9,082,315			6,779,933
Investment Expense:
Mortality and Expense Risk and Administrative Charges		156,873			6,117,437			2,597,784			1,020,683

Net Investment Income (Loss)		569,311			36,366,616			6,484,531			5,759,250

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		859,538			82,330,543			43,755,998			8,775,250
Realized Gain (Loss) on Investments		3,587,163			33,165,086			27,271,036			(4,029,231	)

Net Realized Capital Gains (Losses) on Investments		4,446,701			115,495,629			71,027,034			4,746,019
Net Change in Unrealized Appreciation (Depreciation)		6,859,313			117,395,652			133,618,681			28,433,699

Net Gain (Loss) on Investment		11,306,014			232,891,281			204,645,715			33,179,718

Net Increase (Decrease) in Net Assets Resulting from Operations		11,875,325			269,257,897			211,130,246			38,938,968


Increase (Decrease) in Net Assets from Contract Transactions		52,779,926			(179,528,720	)		(27,242,744	)		(34,120,289	)


Total Increase (Decrease) in Net Assets		64,655,251			89,729,177			183,887,502			4,818,679


Net Assets as of December 31, 2023:	$	89,508,711		$	2,118,426,247		$	964,794,396		$	341,192,849

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA DD

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	Vanguard^® Diversified Value Subaccount			Vanguard^® Equity Income Subaccount			Vanguard^® Equity Index Subaccount			Vanguard^® Global Bond Index Subaccount

Net Assets as of December 31, 2021:	$	593,646,368		$	949,630,973		$	2,286,707,536		$	179,025,439


Investment Income:
Reinvested Dividends		6,162,933			23,996,892			25,975,958			4,351,709
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,585,742			2,804,172			5,749,871			459,122

Net Investment Income (Loss)		4,577,191			21,192,720			20,226,087			3,892,587

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		48,757,464			102,020,832			86,857,323			1,607,189
Realized Gain (Loss) on Investments		(7,296,970	)		20,673,138			91,632,039			(772,607	)

Net Realized Capital Gains (Losses) on Investments		41,460,494			122,693,970			178,489,362			834,582
Net Change in Unrealized Appreciation (Depreciation)		(116,481,182	)		(155,214,647	)		(614,036,199	)		(27,827,911	)

Net Gain (Loss) on Investment		(75,020,688	)		(32,520,677	)		(435,546,837	)		(26,993,329	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(70,443,497	)		(11,327,957	)		(415,320,750	)		(23,100,742	)


Increase (Decrease) in Net Assets from Contract Transactions		(21,311,349	)		19,552,315			(109,863,680	)		(16,630,192	)


Total Increase (Decrease) in Net Assets		(91,754,846	)		8,224,358			(525,184,430	)		(39,730,934	)


Net Assets as of December 31, 2022:	$	501,891,522		$	957,855,331		$	1,761,523,106		$	139,294,505


Investment Income:
Reinvested Dividends		7,308,477			24,867,217			27,016,308			2,724,977
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,522,203			2,690,367			5,735,306			416,486

Net Investment Income (Loss)		5,786,274			22,176,850			21,281,002			2,308,491

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		27,781,253			48,617,590			59,834,963			237,395
Realized Gain (Loss) on Investments		(8,677,644	)		17,854,470			73,597,376			(1,900,409	)

Net Realized Capital Gains (Losses) on Investments		19,103,609			66,472,060			133,432,339			(1,663,014	)
Net Change in Unrealized Appreciation (Depreciation)		67,331,696			(22,808,440	)		285,562,218			7,554,186

Net Gain (Loss) on Investment		86,435,305			43,663,620			418,994,557			5,891,172

Net Increase (Decrease) in Net Assets Resulting from Operations		92,221,579			65,840,470			440,275,559			8,199,663


Increase (Decrease) in Net Assets from Contract Transactions		(56,251,434	)		(120,004,711	)		(92,083,605	)		(7,247,319	)


Total Increase (Decrease) in Net Assets		35,970,145			(54,164,241	)		348,191,954			952,344


Net Assets as of December 31, 2023:	$	537,861,667		$	903,691,090		$	2,109,715,060		$	140,246,849

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA DD

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	Vanguard^® Growth Subaccount			Vanguard^® High Yield Bond Subaccount			Vanguard^® International Subaccount			Vanguard^® Mid-Cap Index Subaccount

Net Assets as of December 31, 2021:	$	915,102,076		$	322,852,086		$	1,414,444,717		$	1,026,242,339


Investment Income:
Reinvested Dividends		-			14,608,693			13,813,297			9,592,292
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,971,041			846,032			3,032,178			2,505,228

Net Investment Income (Loss)		(1,971,041	)		13,762,661			10,781,119			7,087,064

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		229,409,553			-			204,775,090			90,997,423
Realized Gain (Loss) on Investments		6,936,908			(4,627,953	)		27,999,273			24,739,557

Net Realized Capital Gains (Losses) on Investments		236,346,461			(4,627,953	)		232,774,363			115,736,980
Net Change in Unrealized Appreciation (Depreciation)		(532,426,712	)		(39,848,481	)		(665,182,451	)		(315,028,427	)

Net Gain (Loss) on Investment		(296,080,251	)		(44,476,434	)		(432,408,088	)		(199,291,447	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(298,051,292	)		(30,713,773	)		(421,626,969	)		(192,204,383	)


Increase (Decrease) in Net Assets from Contract Transactions		(67,727,851	)		(25,722,308	)		(85,731,836	)		(63,900,460	)


Total Increase (Decrease) in Net Assets		(365,779,143	)		(56,436,081	)		(507,358,805	)		(256,104,843	)


Net Assets as of December 31, 2022:	$	549,322,933		$	266,416,005		$	907,085,912		$	770,137,496


Investment Income:
Reinvested Dividends		1,551,724			13,473,825			14,756,358			11,234,403
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,981,101			803,625			2,841,615			2,308,684

Net Investment Income (Loss)		(429,377	)		12,670,200			11,914,743			8,925,719

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			31,819,150			14,098,209
Realized Gain (Loss) on Investments		7,653,781			(3,074,257	)		20,889,901			26,620,717

Net Realized Capital Gains (Losses) on Investments		7,653,781			(3,074,257	)		52,709,051			40,718,926
Net Change in Unrealized Appreciation (Depreciation)		210,441,118			19,312,820			61,655,555			61,482,994

Net Gain (Loss) on Investment		218,094,899			16,238,563			114,364,606			102,201,920

Net Increase (Decrease) in Net Assets Resulting from Operations		217,665,522			28,908,763			126,279,349			111,127,639


Increase (Decrease) in Net Assets from Contract Transactions		2,359,402			(18,214,472	)		(84,818,307	)		(75,564,680	)


Total Increase (Decrease) in Net Assets		220,024,924			10,694,291			41,461,042			35,562,959


Net Assets as of December 31, 2023:	$	769,347,857		$	277,110,296		$	948,546,954		$	805,700,455

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA DD

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	Vanguard^® Moderate Allocation Subaccount			Vanguard^® Money Market Subaccount			Vanguard^® Real Estate Index Subaccount			Vanguard^® Short-Term Investment Grade Subaccount

Net Assets as of December 31, 2021:	$	532,845,000		$	969,500,196		$	617,133,252		$	959,791,122


Investment Income:
Reinvested Dividends		11,061,882			16,119,811			9,515,173			14,236,938
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,342,062			3,105,577			1,467,418			2,540,430

Net Investment Income (Loss)		9,719,820			13,014,234			8,047,755			11,696,508

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		20,611,080			31,996			21,491,857			6,795,289
Realized Gain (Loss) on Investments		3,769,709			-			4,929,692			(4,835,318	)

Net Realized Capital Gains (Losses) on Investments		24,380,789			31,996			26,421,549			1,959,971
Net Change in Unrealized Appreciation (Depreciation)		(118,370,357	)		-			(193,435,781	)		(69,260,080	)

Net Gain (Loss) on Investment		(93,989,568	)		31,996			(167,014,232	)		(67,300,109	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(84,269,748	)		13,046,230			(158,966,477	)		(55,603,601	)


Increase (Decrease) in Net Assets from Contract Transactions		(35,473,803	)		98,822,529			(40,667,419	)		(98,564,824	)


Total Increase (Decrease) in Net Assets		(119,743,551	)		111,868,759			(199,633,896	)		(154,168,425	)


Net Assets as of December 31, 2022:	$	413,101,449		$	1,081,368,955		$	417,499,356		$	805,622,697


Investment Income:
Reinvested Dividends		8,740,125			52,993,132			10,138,365			16,822,090
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,268,963			3,205,605			1,202,700			2,325,772

Net Investment Income (Loss)		7,471,162			49,787,527			8,935,665			14,496,318

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		13,930,486			11,713			19,126,687			-
Realized Gain (Loss) on Investments		2,972,806			-			(11,508,542	)		(7,344,100	)

Net Realized Capital Gains (Losses) on Investments		16,903,292			11,713			7,618,145			(7,344,100	)
Net Change in Unrealized Appreciation (Depreciation)		36,072,508			-			26,765,998			36,676,114

Net Gain (Loss) on Investment		52,975,800			11,713			34,384,143			29,332,014

Net Increase (Decrease) in Net Assets Resulting from Operations		60,446,962			49,799,240			43,319,808			43,828,332


Increase (Decrease) in Net Assets from Contract Transactions		(24,770,652	)		(64,922,474	)		(40,453,468	)		(90,104,454	)


Total Increase (Decrease) in Net Assets		35,676,310			(15,123,234	)		2,866,340			(46,276,122	)


Net Assets as of December 31, 2023:	$	448,777,759		$	1,066,245,721		$	420,365,696		$	759,346,575

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA DD

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	Vanguard^® Small Company Growth Subaccount			Vanguard^® Total Bond Market Index Subaccount			Vanguard^® Total International Stock Market Index Subaccount			Vanguard^® Total Stock Market Index Subaccount

Net Assets as of December 31, 2021:	$	1,006,853,915		$	1,515,906,275		$	255,247,398		$	1,902,357,351


Investment Income:
Reinvested Dividends		2,084,637			27,337,083			7,613,794			21,474,556
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,315,875			3,898,982			669,363			4,737,566

Net Investment Income (Loss)		(231,238	)		23,438,101			6,944,431			16,736,990

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		223,539,491			9,700,255			7,970,271			115,030,708
Realized Gain (Loss) on Investments		(20,194,990	)		(7,948,545	)		(1,857,935	)		62,189,968

Net Realized Capital Gains (Losses) on Investments		203,344,501			1,751,710			6,112,336			177,220,676
Net Change in Unrealized Appreciation (Depreciation)		(454,240,882	)		(223,408,835	)		(55,940,389	)		(567,518,027	)

Net Gain (Loss) on Investment		(250,896,381	)		(221,657,125	)		(49,828,053	)		(390,297,351	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(251,127,619	)		(198,219,024	)		(42,883,622	)		(373,560,361	)


Increase (Decrease) in Net Assets from Contract Transactions		(64,460,241	)		(115,339,257	)		4,474,295			(70,754,183	)


Total Increase (Decrease) in Net Assets		(315,587,860	)		(313,558,281	)		(38,409,327	)		(444,314,544	)


Net Assets as of December 31, 2022:	$	691,266,055		$	1,202,347,994		$	216,838,071		$	1,458,042,807


Investment Income:
Reinvested Dividends		3,014,240			29,769,883			6,687,711			18,267,088
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,195,657			3,554,166			703,738			4,746,411

Net Investment Income (Loss)		818,583			26,215,717			5,983,973			13,520,677

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			2,800,482			89,028,861
Realized Gain (Loss) on Investments		(22,062,228	)		(13,102,001	)		(1,159,246	)		53,898,811

Net Realized Capital Gains (Losses) on Investments		(22,062,228	)		(13,102,001	)		1,641,236			142,927,672
Net Change in Unrealized Appreciation (Depreciation)		149,689,842			47,186,797			25,188,734			206,334,892

Net Gain (Loss) on Investment		127,627,614			34,084,796			26,829,970			349,262,564

Net Increase (Decrease) in Net Assets Resulting from Operations		128,446,197			60,300,513			32,813,943			362,783,241


Increase (Decrease) in Net Assets from Contract Transactions		(37,121,402	)		(65,828,663	)		3,133,335			(78,024,040	)


Total Increase (Decrease) in Net Assets		91,324,795			(5,528,150	)		35,947,278			284,759,201


Net Assets as of December 31, 2023:	$	782,590,850		$	1,196,819,844		$	252,785,349		$	1,742,802,008

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA DD

Notes to Financial Statements

December 31, 2023

1. Organization

Separate Account VA DD (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 Transamerica Value Variable Annuity.

Subaccount Investment by Mutual Fund:


Subaccount		Mutual Fund
Transamerica Series Trust		Transamerica Series Trust
TA S&P 500 Index Initial Class		Transamerica S&P 500 Index VP Initial Class
Vanguard^® Variable Insurance Fund		Vanguard^® Variable Insurance Fund
Vanguard^® Balanced		Vanguard^® Balanced Portfolio
Vanguard^® Capital Growth		Vanguard^® Capital Growth Portfolio
Vanguard^® Conservative Allocation		Vanguard^® Conservative Allocation Portfolio
Vanguard^® Diversified Value		Vanguard^® Diversified Value Portfolio
Vanguard^® Equity Income		Vanguard^® Equity Income Portfolio
Vanguard^® Equity Index		Vanguard^® Equity Index Portfolio
Vanguard^® Global Bond Index		Vanguard^® Global Bond Index Portfolio
Vanguard^® Growth		Vanguard^® Growth Portfolio
Vanguard^® High Yield Bond		Vanguard^® High Yield Bond Portfolio
Vanguard^® International		Vanguard^® International Portfolio
Vanguard^® Mid-Cap Index		Vanguard^® Mid-Cap Index Portfolio
Vanguard^® Moderate Allocation		Vanguard^® Moderate Allocation Portfolio
Vanguard^® Money Market		Vanguard^® Money Market Portfolio
Vanguard^® Real Estate Index		Vanguard^® Real Estate Index Portfolio
Vanguard^® Short-Term Investment Grade		Vanguard^® Short-Term Investment Grade Portfolio
Vanguard^® Small Company Growth		Vanguard^® Small Company Growth Portfolio
Vanguard^® Total Bond Market Index		Vanguard^® Total Bond Market Index Portfolio
Vanguard^® Total International Stock Market Index		Vanguard^® Total International Stock Market Index Portfolio
Vanguard^® Total Stock Market Index		Vanguard^® Total Stock Market Index Portfolio

Each period reported on reflects a full twelve month period except as follows:


Subaccount		Inception Date
TA S&P 500 Index Initial Class		May 2, 2022

Transamerica Life Insurance Company

Separate Account VA DD

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 DD

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

TA S&P 500 Index Initial Class	$	95,831,479	$	41,622,700

Vanguard^® Balanced		135,778,873		196,610,388

Vanguard^® Capital Growth		98,842,077		75,844,271

Vanguard^® Conservative Allocation		39,235,366		58,821,211

Vanguard^® Diversified Value		40,556,928		63,240,751

Vanguard^® Equity Income		86,246,632		135,456,963

Vanguard^® Equity Index		120,013,104		130,980,730

Vanguard^® Global Bond Index		12,563,568		17,265,015

Vanguard^® Growth		69,394,112		67,464,040

Vanguard^® High Yield Bond		24,767,363		30,311,652

Vanguard^® International		53,695,292		94,779,661

Vanguard^® Mid-Cap Index		34,903,038		87,443,850

Vanguard^® Moderate Allocation		39,169,344		42,538,456

Vanguard^® Money Market		240,555,724		255,679,164

Vanguard^® Real Estate Index		32,539,013		44,930,114

Vanguard^® Short-Term Investment Grade		40,344,280		115,952,409

Vanguard^® Small Company Growth		19,981,036		56,283,833

Vanguard^® Total Bond Market Index		58,937,515		98,550,559

Vanguard^® Total International Stock Market Index		39,005,751		27,088,014

Vanguard^® Total Stock Market Index		140,171,655		115,646,153

Transamerica Life Insurance Company

Separate Account VA DD

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)

TA S&P 500 Index Initial Class		8,841,868		(3,898,977	)		4,942,891			3,811,580		(1,160,985	)		2,650,595

Vanguard^® Balanced		79,733		(1,318,156	)		(1,238,423	)		85,083		(1,509,113	)		(1,424,030	)

Vanguard^® Capital Growth		490,166		(785,097	)		(294,931	)		135,948		(807,492	)		(671,544	)

Vanguard^® Conservative Allocation		678,250		(1,635,609	)		(957,359	)		523,189		(1,598,760	)		(1,075,571	)

Vanguard^® Diversified Value		100,191		(1,118,790	)		(1,018,599	)		653,869		(1,078,011	)		(424,142	)

Vanguard^® Equity Income		88,842		(929,367	)		(840,525	)		622,084		(500,121	)		121,963

Vanguard^® Equity Index		176,170		(677,042	)		(500,872	)		257,892		(873,094	)		(615,202	)

Vanguard^® Global Bond Index		485,286		(855,290	)		(370,004	)		275,646		(1,081,879	)		(806,233	)

Vanguard^® Growth		686,808		(670,544	)		16,264			150,400		(870,943	)		(720,543	)

Vanguard^® High Yield Bond		293,278		(758,095	)		(464,817	)		278,521		(950,925	)		(672,404	)

Vanguard^® International		106,502		(1,294,956	)		(1,188,454	)		121,906		(1,326,856	)		(1,204,950	)

Vanguard^® Mid-Cap Index		107,063		(960,985	)		(853,922	)		56,827		(769,420	)		(712,593	)

Vanguard^® Moderate Allocation		388,501		(973,684	)		(585,183	)		201,718		(1,034,977	)		(833,259	)

Vanguard^® Money Market		91,695,338		(123,248,201	)		(31,552,863	)		138,411,963		(88,545,795	)		49,866,168

Vanguard^® Real Estate Index		45,599		(596,195	)		(550,596	)		106,933		(601,965	)		(495,032	)

Vanguard^® Short-Term Investment Grade		1,175,645		(5,557,922	)		(4,382,277	)		1,466,287		(6,264,441	)		(4,798,154	)

Vanguard^® Small Company Growth		141,404		(463,080	)		(321,676	)		50,821		(581,340	)		(530,519	)

Vanguard^® Total Bond Market Index		772,368		(2,485,413	)		(1,713,045	)		379,790		(3,245,267	)		(2,865,477	)

Vanguard^® Total International Stock Market Index		1,257,113		(1,138,554	)		118,559			1,086,299		(944,648	)		141,651

Vanguard^® Total Stock Market Index		517,747		(1,712,375	)		(1,194,628	)		882,382		(2,023,666	)		(1,141,284	)

Transamerica Life Insurance Company

Separate Account VA DD

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 S&P 500 Index Initial Class	$	94,370,692	$	(41,590,766	)	$	52,779,926		$	36,840,647	$	(11,172,046	)	$	25,668,601

Vanguard^® Balanced		11,514,321		(191,043,041	)		(179,528,720	)		12,010,235		(213,510,180	)		(201,499,945	)

Vanguard^® Capital Growth		46,997,257		(74,240,001	)		(27,242,744	)		11,738,714		(70,828,961	)		(59,090,247	)

Vanguard^® Conservative Allocation		23,952,084		(58,072,373	)		(34,120,289	)		18,851,923		(57,232,215	)		(38,380,292	)

Vanguard^® Diversified Value		5,709,439		(61,960,873	)		(56,251,434	)		36,308,773		(57,620,122	)		(21,311,349	)

Vanguard^® Equity Income		13,040,791		(133,045,502	)		(120,004,711	)		87,913,088		(68,360,773	)		19,552,315

Vanguard^® Equity Index		34,282,104		(126,365,709	)		(92,083,605	)		47,142,051		(157,005,731	)		(109,863,680	)

Vanguard^® Global Bond Index		9,735,802		(16,983,121	)		(7,247,319	)		5,751,542		(22,381,734	)		(16,630,192	)

Vanguard^® Growth		68,734,345		(66,374,943	)		2,359,402			14,713,853		(82,441,704	)		(67,727,851	)

Vanguard^® High Yield Bond		11,531,816		(29,746,288	)		(18,214,472	)		10,794,398		(36,516,706	)		(25,722,308	)

Vanguard^® International		7,648,956		(92,467,263	)		(84,818,307	)		8,690,988		(94,422,824	)		(85,731,836	)

Vanguard^® Mid-Cap Index		9,832,156		(85,396,836	)		(75,564,680	)		5,133,220		(69,033,680	)		(63,900,460	)

Vanguard^® Moderate Allocation		16,858,947		(41,629,599	)		(24,770,652	)		8,577,046		(44,050,849	)		(35,473,803	)

Vanguard^® Money Market		188,870,105		(253,792,579	)		(64,922,474	)		274,981,130		(176,158,601	)		98,822,529

Vanguard^® Real Estate Index		3,403,535		(43,857,003	)		(40,453,468	)		9,267,129		(49,934,548	)		(40,667,419	)

Vanguard^® Short-Term Investment Grade		24,063,432		(114,167,886	)		(90,104,454	)		29,843,306		(128,408,130	)		(98,564,824	)

Vanguard^® Small Company Growth		17,511,542		(54,632,944	)		(37,121,402	)		5,743,273		(70,203,514	)		(64,460,241	)

Vanguard^® Total Bond Market Index		30,134,400		(95,963,063	)		(65,828,663	)		15,250,234		(130,589,491	)		(115,339,257	)

Vanguard^® Total International Stock Market Index		29,862,338		(26,729,003	)		3,133,335			25,276,528		(20,802,233	)		4,474,295

Vanguard^® Total Stock Market Index		34,435,006		(112,459,046	)		(78,024,040	)		55,163,111		(125,917,294	)		(70,754,183	)

Transamerica Life Insurance Company

Separate Account VA DD

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

TA S&P 500 Index Initial Class
	12/31/2023			7,593,486		$ 11.79	to	$ 11.79		$ 89,508,711		1.37	%		0.300	%	to	0.300	%	25.71		%	to	25.71	%
	12/31/2022	⁽¹⁾		2,650,595		9.38	to	9.38		24,853,460		1.19			0.300		to	0.300		-			to	-
Vanguard^® Balanced
	12/31/2023			13,524,903		156.63	to	156.63		2,118,426,247		2.08			0.300		to	0.300		13.98			to	13.98
	12/31/2022			14,763,326		137.41	to	137.41		2,028,697,070		1.96			0.300		to	0.300		(14.56	)		to	(14.56	)
	12/31/2021			16,187,356		160.83	to	160.83		2,603,367,176		1.81			0.270		to	0.270		18.70			to	18.70
	12/31/2020			17,753,304		135.50	to	135.50		2,405,498,125		2.74			0.270		to	0.270		10.38			to	10.38
	12/31/2019			19,764,042		122.75	to	122.75		2,426,092,117		2.66			0.270		to	0.270		22.15			to	22.15
Vanguard^® Capital Growth
	12/31/2023			8,992,678		107.29	to	107.29		964,794,396		1.04			0.300		to	0.300		27.60			to	27.60
	12/31/2022			9,287,609		84.08	to	84.08		780,906,894		0.89			0.300		to	0.300		(15.74	)		to	(15.74	)
	12/31/2021			9,959,153		99.78	to	99.78		993,758,270		0.98			0.270		to	0.270		21.21			to	21.21
	12/31/2020			11,627,264		82.32	to	82.32		957,156,953		1.46			0.270		to	0.270		17.16			to	17.16
	12/31/2019			13,464,388		70.27	to	70.27		946,080,367		1.12			0.270		to	0.270		26.16			to	26.16
Vanguard^® Conservative Allocation
	12/31/2023			9,041,223		37.74	to	37.74		341,192,849		1.99			0.300		to	0.300		12.17			to	12.17
	12/31/2022			9,998,582		33.64	to	33.64		336,374,170		2.58			0.300		to	0.300		(15.15	)		to	(15.15	)
	12/31/2021			11,074,153		39.65	to	39.65		439,078,966		1.53			0.270		to	0.270		5.70			to	5.70
	12/31/2020			11,799,791		37.51	to	37.51		442,608,272		2.25			0.270		to	0.270		11.43			to	11.43
	12/31/2019			11,258,031		33.66	to	33.66		378,975,105		2.11			0.270		to	0.270		15.52			to	15.52
Vanguard^® Diversified Value
	12/31/2023			8,663,436		62.08	to	62.08		537,861,667		1.44			0.300		to	0.300		19.77			to	19.77
	12/31/2022			9,682,035		51.84	to	51.84		501,891,522		1.16			0.300		to	0.300		(11.75	)		to	(11.75	)
	12/31/2021			10,106,177		58.74	to	58.74		593,646,368		1.06			0.270		to	0.270		30.11			to	30.11
	12/31/2020			9,548,776		45.15	to	45.15		431,086,461		2.73			0.270		to	0.270		11.48			to	11.48
	12/31/2019			10,485,469		40.50	to	40.50		424,636,398		2.92			0.270		to	0.270		25.36			to	25.36
Vanguard^® Equity Income
	12/31/2023			5,904,578		153.05	to	153.05		903,691,090		2.77			0.300		to	0.300		7.78			to	7.78
	12/31/2022			6,745,103		142.01	to	142.01		957,855,331		2.55			0.300		to	0.300		(0.96	)		to	(0.96	)
	12/31/2021			6,623,140		143.38	to	143.38		949,630,973		1.95			0.270		to	0.270		24.99			to	24.99
	12/31/2020			7,141,402		114.71	to	114.71		819,221,317		2.89			0.270		to	0.270		2.97			to	2.97
	12/31/2019			8,212,281		111.41	to	111.41		914,895,831		2.49			0.270		to	0.270		24.09			to	24.09
Vanguard^® Equity Index
	12/31/2023			10,045,181		210.02	to	210.02		2,109,715,060		1.41			0.300		to	0.300		25.74			to	25.74
	12/31/2022			10,546,053		167.03	to	167.03		1,761,523,106		1.35			0.300		to	0.300		(18.47	)		to	(18.47	)
	12/31/2021			11,161,255		204.88	to	204.88		2,286,707,536		1.25			0.270		to	0.270		28.20			to	28.20
	12/31/2020			12,146,389		159.81	to	159.81		1,941,092,367		1.72			0.270		to	0.270		17.88			to	17.88
	12/31/2019			12,966,739		135.57	to	135.57		1,757,847,347		1.90			0.270		to	0.270		30.95			to	30.95
Vanguard^® Global Bond Index
	12/31/2023			6,753,500		20.77	to	20.77		140,246,849		1.96			0.300		to	0.300		6.20			to	6.20
	12/31/2022			7,123,504		19.55	to	19.55		139,294,505		2.83			0.300		to	0.300		(13.39	)		to	(13.39	)
	12/31/2021			7,929,737		22.58	to	22.58		179,025,439		1.82			0.270		to	0.270		(2.10	)		to	(2.10	)
	12/31/2020			8,745,254		23.06	to	23.06		201,682,101		1.48			0.270		to	0.270		6.38			to	6.38
	12/31/2019			8,861,812		21.68	to	21.68		192,109,579		1.40			0.270		to	0.270		8.12			to	8.12
Vanguard^® Growth
	12/31/2023			6,766,946		113.69	to	113.69		769,347,857		0.23			0.300		to	0.300		39.72			to	39.72
	12/31/2022			6,750,682		81.37	to	81.37		549,322,933		-			0.300		to	0.300		(33.56	)		to	(33.56	)
	12/31/2021			7,471,225		122.48	to	122.48		915,102,076		0.03			0.270		to	0.270		17.54			to	17.54
	12/31/2020			8,642,870		104.20	to	104.20		900,610,983		0.32			0.270		to	0.270		42.71			to	42.71
	12/31/2019			8,208,540		73.02	to	73.02		599,371,189		0.40			0.270		to	0.270		33.46			to	33.46

Transamerica Life Insurance Company

Separate Account VA DD

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

Vanguard^® High Yield Bond
	12/31/2023		6,605,874		$41.95	to	$41.95		$ 277,110,296		5.01	%	0.300	%	to	0.300	%	11.33		%	to	11.33	%
	12/31/2022		7,070,691		37.68	to	37.68		266,416,005		5.16		0.300		to	0.300		(9.63	)		to	(9.63	)
	12/31/2021		7,743,095		41.70	to	41.70		322,852,086		4.30		0.270		to	0.270		3.40			to	3.40
	12/31/2020		8,649,613		40.32	to	40.32		348,793,843		5.55		0.270		to	0.270		5.39			to	5.39
	12/31/2019		9,907,553		38.26	to	38.26		379,098,394		5.77		0.270		to	0.270		15.36			to	15.36
Vanguard^® International
	12/31/2023		12,758,790		74.34	to	74.34		948,546,954		1.55		0.300		to	0.300		14.31			to	14.31
	12/31/2022		13,947,244		65.04	to	65.04		907,085,912		1.36		0.300		to	0.300		(30.33	)		to	(30.33	)
	12/31/2021		15,152,194		93.35	to	93.35		1,414,444,717		0.28		0.270		to	0.270		(1.81	)		to	(1.81	)
	12/31/2020		17,628,015		95.07	to	95.07		1,675,844,430		1.22		0.270		to	0.270		57.16			to	57.16
	12/31/2019		19,850,804		60.49	to	60.49		1,200,817,376		1.46		0.270		to	0.270		30.86			to	30.86
Vanguard^® Mid-Cap Index
	12/31/2023		8,220,903		98.01	to	98.01		805,700,455		1.45		0.300		to	0.300		15.48			to	15.48
	12/31/2022		9,074,825		84.87	to	84.87		770,137,496		1.14		0.300		to	0.300		(19.06	)		to	(19.06	)
	12/31/2021		9,787,418		104.85	to	104.85		1,026,242,339		1.11		0.270		to	0.270		24.02			to	24.02
	12/31/2020		10,647,287		84.54	to	84.54		900,172,889		1.52		0.270		to	0.270		17.75			to	17.75
	12/31/2019		11,946,749		71.80	to	71.80		857,761,446		1.48		0.270		to	0.270		30.52			to	30.52
Vanguard^® Moderate Allocation
	12/31/2023		9,679,129		46.37	to	46.37		448,777,759		2.06		0.300		to	0.300		15.20			to	15.20
	12/31/2022		10,264,312		40.25	to	40.25		413,101,449		2.46		0.300		to	0.300		(16.18	)		to	(16.18	)
	12/31/2021		11,097,571		48.01	to	48.01		532,845,000		1.45		0.270		to	0.270		9.78			to	9.78
	12/31/2020		12,050,600		43.74	to	43.74		527,071,032		2.37		0.270		to	0.270		13.46			to	13.46
	12/31/2019		12,205,120		38.55	to	38.55		470,484,743		2.13		0.270		to	0.270		19.21			to	19.21
Vanguard^® Money Market
	12/31/2023		506,758,737		2.10	to	2.10		1,066,245,721		4.94		0.300		to	0.300		4.74			to	4.74
	12/31/2022		538,311,600		2.01	to	2.01		1,081,368,955		1.55		0.300		to	0.300		1.21			to	1.21
	12/31/2021		488,445,432		1.98	to	1.98		969,500,196		0.01		0.270		to	0.270		(0.25	)		to	(0.25	)
	12/31/2020		582,028,923		1.99	to	1.99		1,158,181,682		0.48		0.270		to	0.270		0.25			to	0.25
	12/31/2019		550,429,955		1.99	to	1.99		1,092,613,919		2.23		0.270		to	0.270		1.99			to	1.99
Vanguard^® Real Estate Index
	12/31/2023		5,191,626		80.97	to	80.97		420,365,696		2.52		0.300		to	0.300		11.36			to	11.36
	12/31/2022		5,742,222		72.71	to	72.71		417,499,356		1.94		0.300		to	0.300		(26.52	)		to	(26.52	)
	12/31/2021		6,237,254		98.94	to	98.94		617,133,252		1.99		0.270		to	0.270		39.83			to	39.83
	12/31/2020		6,674,028		70.76	to	70.76		472,256,990		2.73		0.270		to	0.270		(5.11	)		to	(5.11	)
	12/31/2019		7,442,439		74.57	to	74.57		554,987,241		2.67		0.270		to	0.270		28.46			to	28.46
Vanguard^® Short-Term Investment Grade
	12/31/2023		35,654,145		21.30	to	21.30		759,346,575		2.16		0.300		to	0.300		5.84			to	5.84
	12/31/2022		40,036,422		20.12	to	20.12		805,622,697		1.67		0.300		to	0.300		(6.00	)		to	(6.00	)
	12/31/2021		44,834,576		21.41	to	21.41		959,791,122		2.13		0.270		to	0.270		(0.72	)		to	(0.72	)
	12/31/2020		48,598,868		21.56	to	21.56		1,047,934,625		2.54		0.270		to	0.270		5.21			to	5.21
	12/31/2019		50,450,839		20.50	to	20.50		1,033,996,555		2.63		0.270		to	0.270		5.41			to	5.41
Vanguard^® Small Company Growth
	12/31/2023		5,991,790		130.61	to	130.61		782,590,850		0.41		0.300		to	0.300		19.29			to	19.29
	12/31/2022		6,313,466		109.49	to	109.49		691,266,055		0.27		0.300		to	0.300		(25.57	)		to	(25.57	)
	12/31/2021		6,843,985		147.12	to	147.12		1,006,853,915		0.38		0.270		to	0.270		13.91			to	13.91
	12/31/2020		7,379,696		129.15	to	129.15		953,095,790		0.66		0.270		to	0.270		22.85			to	22.85
	12/31/2019		8,411,121		105.13	to	105.13		884,242,633		0.51		0.270		to	0.270		27.76			to	27.76
Vanguard^® Total Bond Market Index
	12/31/2023		29,799,566		40.16	to	40.16		1,196,819,844		2.50		0.300		to	0.300		5.26			to	5.26
	12/31/2022		31,512,611		38.15	to	38.15		1,202,347,994		2.09		0.300		to	0.300		(13.47	)		to	(13.47	)
	12/31/2021		34,378,088		44.10	to	44.10		1,515,906,275		2.12		0.270		to	0.270		(1.98	)		to	(1.98	)
	12/31/2020		38,104,834		44.99	to	44.99		1,714,209,233		2.38		0.270		to	0.270		7.29			to	7.29
	12/31/2019		38,389,797		41.93	to	41.93		1,609,666,757		2.53		0.270		to	0.270		8.38			to	8.38

Transamerica Life Insurance Company

Separate Account VA DD

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

Vanguard^® Total International Stock Market Index
	12/31/2023		10,012,280		$25.25	to	$25.25		$ 252,785,349		2.84	%	0.300	%	to	0.300	%	15.20		% to	15.20	%
	12/31/2022		9,893,721		21.92	to	21.92		216,838,071		3.40		0.300		to	0.300		(16.26	)	to	(16.26	)
	12/31/2021		9,752,070		26.17	to	26.17		255,247,398		1.89		0.270		to	0.270		8.24		to	8.24
	12/31/2020		9,461,655		24.18	to	24.18		228,801,583		2.09		0.270		to	0.270		10.88		to	10.88
	12/31/2019		9,546,518		21.81	to	21.81		208,202,269		1.90		0.270		to	0.270		21.23		to	21.23
Vanguard^® Total Stock Market Index
	12/31/2023		23,623,334		73.77	to	73.77		1,742,802,008		1.15		0.300		to	0.300		25.57		to	25.57
	12/31/2022		24,817,962		58.75	to	58.75		1,458,042,807		1.35		0.300		to	0.300		(19.83	)	to	(19.83	)
	12/31/2021		25,959,246		73.28	to	73.28		1,902,357,351		1.21		0.270		to	0.270		25.30		to	25.30
	12/31/2020		28,505,479		58.49	to	58.49		1,667,172,118		1.60		0.270		to	0.270		20.23		to	20.23
	12/31/2019		31,010,055		48.65	to	48.65		1,508,499,008		1.55		0.270		to	0.270		30.40		to	30.40



		⁽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 DD

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 0.10% 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 $25, proportionately from the subaccounts’ unit values. An annual charge of 0.20% is deducted (based on the death benefit selected) from the unit values of the subaccounts of the Separate Account for TLIC’s assumption of certain mortality and expense risks incurred in connection with the contract. The charge is assessed daily based on the net asset value of the Mutual Fund. Charges for administrative and mortality and expense risk are an expense of the subaccount. Charges reflected above are those currently assessed and may be subject to change. Contract owners should see their actual policy and any related attachments to determine their specific charges.

7. Income Tax

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

Transamerica Life Insurance Company

Separate Account VA DD

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.