Separate Account VA-8

FINANCIAL STATEMENTS

Transamerica Life Insurance Company

Separate Account VA-8

Years Ended December 31, 2023 and 2022

Transamerica Life Insurance Company

Separate Account VA-8

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		4
Notes to Financial Statements		11

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-8

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the subaccounts of Separate Account VA-8 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-8 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 Large Cap Growth Class B Shares		Janus Henderson - Balanced Service Shares
AB Relative Value Class B Shares		Janus Henderson - Global Research Service Shares
Alger Growth & Income Class I-2 Shares		MFS^® Growth Initial Class
BNY Mellon MidCap Stock Initial Shares		MFS^® Investors Trust Initial Class
BNY Mellon Sustainable U.S. Equity Initial Shares		MFS^® Research Initial Class
BNY Mellon VIF Appreciation Initial Shares		MS VIF Emerging Markets Equity Class I Shares
BNY Mellon VIF Opportunistic Small Cap Initial Shares		MS VIF Global Strategist Class I Shares
Fidelity^® VIP Contrafund^® Service Class 2		TA Aegon Bond Initial Class
Fidelity^® VIP Equity-Income Service Class 2		TA Aegon Sustainable Equity Income Initial Class
Fidelity^® VIP Index 500 Service Class 2		TA BlackRock Government Money Market Initial Class
Franklin Small Cap Value Class 2 Shares		TA Janus Mid-Cap Growth Initial Class
Franklin Small-Mid Cap Growth Class 2 Shares		TA JPMorgan Tactical Allocation Initial Class
Invesco V.I. High Yield Series I Shares		TA WMC US Growth Initial 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-8 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-8 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 transfer agents 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-8 since 2014.

Transamerica Life Insurance Company

Separate Account VA-8

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 Large Cap Growth Class B Shares		9,513.427	$	531,310	$	637,019	$	-	$	637,019		23,972	$	25.761074	$	27.954170

AB Relative Value Class B Shares		33,880.692		960,132		975,086		-		975,086		32,235		29.073449		31.548435

Alger Growth & Income Class I-2 Shares		31,446.925		736,792		861,960		(1)		861,959		35,389		23.695243		25.712285

BNY Mellon MidCap Stock Initial Shares		23,526.799		436,959		439,481		-		439,481		12,994		32.695649		35.384505

BNY Mellon Sustainable U.S. Equity Initial Shares		368.689		14,364		16,584		(2)		16,582		607		25.986428		28.123400

BNY Mellon VIF Appreciation Initial Shares		9,513.062		342,461		333,147		-		333,147		10,857		29.820657		32.358944

BNY Mellon VIF Opportunistic Small Cap Initial Shares		22,880.606		994,448		959,384		-		959,384		51,819		18.103511		19.644876

Fidelity^® VIP Contrafund^® Service Class 2		8,222.688		333,031		385,068		-		385,068		7,545		49.225219		53.102489

Fidelity^® VIP Equity-Income Service Class 2		2,610.185		56,783		62,410		-		62,410		2,095		27.984198		30.188622

Fidelity^® VIP Index 500 Service Class 2		919.786		264,949		418,760		(1)		418,759		10,083		39.920416		43.064582

Franklin Small Cap Value Class 2 Shares		22,314.344		297,818		296,111		5		296,116		8,132		35.077379		37.840623

Franklin Small-Mid Cap Growth Class 2 Shares		19,630.319		294,314		261,476		2		261,478		8,519		29.812308		32.264549

Invesco V.I. High Yield Series I Shares		218,628.240		1,039,928		1,025,366		-		1,025,366		60,374		16.749208		18.174911

Janus Henderson - Balanced Service Shares		20,616.948		775,122		990,644		-		990,644		34,543		27.614201		29.964721

Janus Henderson - Global Research Service Shares		12,412.329		513,759		732,576		(1)		732,575		52,642		13.537877		14.690665

MFS^® Growth Initial Class		5,449.111		283,221		328,527		(1)		328,526		12,686		24.037284		26.084151

MFS^® Investors Trust Initial Class		3,672.783		125,089		132,183		-		132,183		4,827		27.289772		29.612741

MFS^® Research Initial Class		4,694.753		134,069		150,091		-		150,091		5,800		24.803928		26.915761

MS VIF Emerging Markets Equity Class I Shares		8,857.068		126,718		114,256		(1)		114,255		6,260		17.356137		18.833960

MS VIF Global Strategist Class I Shares		9,406.519		89,885		80,614		-		80,614		5,694		13.096381		14.211312

TA Aegon Bond Initial Class		34,290.542		395,258		331,932		(12)		331,920		25,042		12.821834		13.783456

TA Aegon Sustainable Equity Income Initial Class		17,125.516		309,913		312,712		-		312,712		15,118		19.736632		21.291406

TA BlackRock Government Money Market Initial Class		700,761.672		700,762		700,762		-		700,762		75,242		9.313351		9.313351

TA Janus Mid-Cap Growth Initial Class		2,904.221		93,615		88,666		(3)		88,663		3,330		25.333417		27.417096

TA JPMorgan Tactical Allocation Initial Class		7,506.166		106,359		92,326		(31)		92,295		5,964		14.964911		16.143737

TA WMC US Growth Initial Class		120,080.338		3,993,131		4,304,880		-		4,304,880		134,846		30.851595		33.478142


See accompanying notes.		2

Transamerica Life Insurance Company

Separate Account VA-8

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 Large Cap Growth Class B Shares	$	637,019	$	-	$	637,019

AB Relative Value Class B Shares		975,086		-		975,086

Alger Growth & Income Class I-2 Shares		861,959		-		861,959

BNY Mellon MidCap Stock Initial Shares		439,481		-		439,481

BNY Mellon Sustainable U.S. Equity Initial Shares		16,582		-		16,582

BNY Mellon VIF Appreciation Initial Shares		333,147		-		333,147

BNY Mellon VIF Opportunistic Small Cap Initial Shares		959,384		-		959,384

Fidelity^® VIP Contrafund^® Service Class 2		385,068		-		385,068

Fidelity^® VIP Equity-Income Service Class 2		62,410		-		62,410

Fidelity^® VIP Index 500 Service Class 2		418,759		-		418,759

Franklin Small Cap Value Class 2 Shares		296,116		-		296,116

Franklin Small-Mid Cap Growth Class 2 Shares		261,478		-		261,478

Invesco V.I. High Yield Series I Shares		1,025,366		-		1,025,366

Janus Henderson - Balanced Service Shares		990,644		-		990,644

Janus Henderson - Global Research Service Shares		732,575		-		732,575

MFS^® Growth Initial Class		328,526		-		328,526

MFS^® Investors Trust Initial Class		132,183		-		132,183

MFS^® Research Initial Class		150,091		-		150,091

MS VIF Emerging Markets Equity Class I Shares		114,255		-		114,255

MS VIF Global Strategist Class I Shares		80,614		-		80,614

TA Aegon Bond Initial Class		331,920		-		331,920

TA Aegon Sustainable Equity Income Initial Class		312,712		-		312,712

TA BlackRock Government Money Market Initial Class		700,762		-		700,762

TA Janus Mid-Cap Growth Initial Class		88,663		-		88,663

TA JPMorgan Tactical Allocation Initial Class		92,295		-		92,295

TA WMC US Growth Initial Class		4,304,880		-		4,304,880


See accompanying notes.		3

Transamerica Life Insurance Company

Separate Account VA-8

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	AB Large Cap Growth Class B Shares Subaccount			AB Relative Value Class B Shares Subaccount			Alger Growth & Income Class I-2 Shares Subaccount			BNY Mellon MidCap Stock Initial Shares Subaccount

Net Assets as of December 31, 2021:	$	897,708		$	1,129,040		$	1,266,463		$	523,038


Investment Income:
Reinvested Dividends		-			11,275			14,552			3,292
Investment Expense:
Mortality and Expense Risk and Administrative Charges		13,128			19,666			20,042			8,098

Net Investment Income (Loss)		(13,128	)		(8,391	)		(5,490	)		(4,806	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		88,015			167,066			63,949			111,044
Realized Gain (Loss) on Investments		24,436			21,032			66,597			(5,361	)

Net Realized Capital Gains (Losses) on Investments		112,451			188,098			130,546			105,683
Net Change in Unrealized Appreciation (Depreciation)		(366,201	)		(250,220	)		(325,536	)		(177,877	)

Net Gain (Loss) on Investment		(253,750	)		(62,122	)		(194,990	)		(72,194	)

Net Increase (Decrease) in Net Assets Resulting from Operations		(266,878	)		(70,513	)		(200,480	)		(77,000	)


Increase (Decrease) in Net Assets from Contract Transactions		(27,689	)		(66,457	)		(111,038	)		(66,291	)


Total Increase (Decrease) in Net Assets		(294,567	)		(136,970	)		(311,518	)		(143,291	)


Net Assets as of December 31, 2022:	$	603,141		$	992,070		$	954,945		$	379,747


Investment Income:
Reinvested Dividends		-			12,408			12,312			3,106
Investment Expense:
Mortality and Expense Risk and Administrative Charges		11,717			18,501			17,437			7,720

Net Investment Income (Loss)		(11,717	)		(6,093	)		(5,125	)		(4,614	)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		44,518			78,378			25,007			12,487
Realized Gain (Loss) on Investments		44,429			(4,597	)		184,952			(3,924	)

Net Realized Capital Gains (Losses) on Investments		88,947			73,781			209,959			8,563
Net Change in Unrealized Appreciation (Depreciation)		91,095			19,221			(32,432	)		56,873

Net Gain (Loss) on Investment		180,042			93,002			177,527			65,436

Net Increase (Decrease) in Net Assets Resulting from Operations		168,325			86,909			172,402			60,822


Increase (Decrease) in Net Assets from Contract Transactions		(134,447	)		(103,893	)		(265,388	)		(1,088	)


Total Increase (Decrease) in Net Assets		33,878			(16,984	)		(92,986	)		59,734


Net Assets as of December 31, 2023:	$	637,019		$	975,086		$	861,959		$	439,481

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA-8

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	BNY Mellon Sustainable U.S. Equity Initial Shares Subaccount			BNY Mellon VIF Appreciation Initial Shares Subaccount			BNY Mellon VIF Opportunistic Small Cap Initial Shares Subaccount			Fidelity^® VIP Contrafund^® Service Class 2 Subaccount

Net Assets as of December 31, 2021:	$	18,544		$	426,661		$	1,261,016		$	707,938


Investment Income:
Reinvested Dividends		81			2,186			-			1,766
Investment Expense:
Mortality and Expense Risk and Administrative Charges		290			6,509			21,155			12,996

Net Investment Income (Loss)		(209	)		(4,323	)		(21,155	)		(11,230)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,103			95,873			220,838			32,716
Realized Gain (Loss) on Investments		55			1,509			2,253			14,558

Net Realized Capital Gains (Losses) on Investments		1,158			97,382			223,091			47,274
Net Change in Unrealized Appreciation (Depreciation)		(5,488	)		(173,284	)		(427,906	)		(256,516)

Net Gain (Loss) on Investment		(4,330	)		(75,902	)		(204,815	)		(209,242)

Net Increase (Decrease) in Net Assets Resulting from Operations		(4,539	)		(80,225	)		(225,970	)		(220,472)


Increase (Decrease) in Net Assets from Contract Transactions		159			(38,706	)		(60,248	)		112,491


Total Increase (Decrease) in Net Assets		(4,380	)		(118,931	)		(286,218	)		(107,981)


Net Assets as of December 31, 2022:	$	14,164		$	307,730		$	974,798		$	599,957


Investment Income:
Reinvested Dividends		106			2,300			3,167			812
Investment Expense:
Mortality and Expense Risk and Administrative Charges		282			6,341			18,869			8,400

Net Investment Income (Loss)		(176	)		(4,041	)		(15,702	)		(7,588)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,746			27,717			21,348			12,997
Realized Gain (Loss) on Investments		109			(10,435	)		(36,849	)		36,539

Net Realized Capital Gains (Losses) on Investments		1,855			17,282			(15,501	)		49,536
Net Change in Unrealized Appreciation (Depreciation)		1,293			42,121			100,036			77,539

Net Gain (Loss) on Investment		3,148			59,403			84,535			127,075

Net Increase (Decrease) in Net Assets Resulting from Operations		2,972			55,362			68,833			119,487


Increase (Decrease) in Net Assets from Contract Transactions		(554	)		(29,945	)		(84,247	)		(334,376)


Total Increase (Decrease) in Net Assets		2,418			25,417			(15,414	)		(214,889)


Net Assets as of December 31, 2023:	$	16,582		$	333,147		$	959,384		$	385,068

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA-8

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	Fidelity^® VIP Equity-Income Service Class 2 Subaccount			Fidelity^® VIP Index 500 Service Class 2 Subaccount			Franklin Small Cap Value Class 2 Shares Subaccount			Franklin Small-Mid Cap Growth Class 2 Shares Subaccount

Net Assets as of December 31, 2021:	$	96,614		$	517,007		$	632,574		$	344,676


Investment Income:
Reinvested Dividends		1,044			4,345			4,558			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,223			7,610			9,468			5,195

Net Investment Income (Loss)		(179	)		(3,265	)		(4,910	)		(5,195)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		2,003			3,451			86,010			70,117
Realized Gain (Loss) on Investments		6,208			66,210			(5,248	)		(3,611)

Net Realized Capital Gains (Losses) on Investments		8,211			69,661			80,762			66,506
Net Change in Unrealized Appreciation (Depreciation)		(13,157	)		(173,024	)		(142,828	)		(184,966)

Net Gain (Loss) on Investment		(4,946	)		(103,363	)		(62,066	)		(118,460)

Net Increase (Decrease) in Net Assets Resulting from Operations		(5,125	)		(106,628	)		(66,976	)		(123,655)


Increase (Decrease) in Net Assets from Contract Transactions		(33,386	)		(95,585	)		(118,887	)		21,513


Total Increase (Decrease) in Net Assets		(38,511	)		(202,213	)		(185,863	)		(102,142)


Net Assets as of December 31, 2022:	$	58,103		$	314,794		$	446,711		$	242,534


Investment Income:
Reinvested Dividends		1,047			4,749			1,565			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,064			6,868			6,135			4,646

Net Investment Income (Loss)		(17	)		(2,119	)		(4,570	)		(4,646)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		1,797			3,204			16,962			-
Realized Gain (Loss) on Investments		-			30,681			(8,079	)		(21,886)

Net Realized Capital Gains (Losses) on Investments		1,797			33,885			8,883			(21,886)
Net Change in Unrealized Appreciation (Depreciation)		3,088			42,196			26,981			79,424

Net Gain (Loss) on Investment		4,885			76,081			35,864			57,538

Net Increase (Decrease) in Net Assets Resulting from Operations		4,868			73,962			31,294			52,892


Increase (Decrease) in Net Assets from Contract Transactions		(561	)		30,003			(181,889	)		(33,948)


Total Increase (Decrease) in Net Assets		4,307			103,965			(150,595	)		18,944


Net Assets as of December 31, 2023:	$	62,410		$	418,759		$	296,116		$	261,478

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA-8

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	Invesco V.I. High Yield Series I Shares Subaccount			Janus Henderson - Balanced Service Shares Subaccount			Janus Henderson - Global Research Service Shares Subaccount			MFS^® Growth Initial Class Subaccount

Net Assets as of December 31, 2021:	$	793,292		$	1,391,458		$	879,553		$	461,115


Investment Income:
Reinvested Dividends		43,676			13,320			10,695			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		16,867			22,934			14,160			6,294

Net Investment Income (Loss)		26,809			(9,614	)		(3,465	)		(6,294)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			33,566			78,034			40,856
Realized Gain (Loss) on Investments		(75,882	)		40,297			22,369			8,578

Net Realized Capital Gains (Losses) on Investments		(75,882	)		73,863			100,403			49,434
Net Change in Unrealized Appreciation (Depreciation)		(49,763	)		(316,257	)		(280,664	)		(195,384)

Net Gain (Loss) on Investment		(125,645	)		(242,394	)		(180,261	)		(145,950)

Net Increase (Decrease) in Net Assets Resulting from Operations		(98,836	)		(252,008	)		(183,726	)		(152,244)


Increase (Decrease) in Net Assets from Contract Transactions		159,171			(35,507	)		(30,075	)		1,337


Total Increase (Decrease) in Net Assets		60,335			(287,515	)		(213,801	)		(150,907)


Net Assets as of December 31, 2022:	$	853,627		$	1,103,943		$	665,752		$	310,208


Investment Income:
Reinvested Dividends		52,187			17,539			5,345			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		19,292			19,841			13,700			5,187

Net Investment Income (Loss)		32,895			(2,302	)		(8,355	)		(5,187)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			20,467			22,751
Realized Gain (Loss) on Investments		(11,633	)		95,477			53,636			34,498

Net Realized Capital Gains (Losses) on Investments		(11,633	)		95,477			74,103			57,249
Net Change in Unrealized Appreciation (Depreciation)		41,998			33,319			84,244			33,257

Net Gain (Loss) on Investment		30,365			128,796			158,347			90,506

Net Increase (Decrease) in Net Assets Resulting from Operations		63,260			126,494			149,992			85,319


Increase (Decrease) in Net Assets from Contract Transactions		108,479			(239,793	)		(83,169	)		(67,001)


Total Increase (Decrease) in Net Assets		171,739			(113,299	)		66,823			18,318


Net Assets as of December 31, 2023:	$	1,025,366		$	990,644		$	732,575		$	328,526

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA-8

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	MFS^® Investors Trust Initial Class Subaccount			MFS^® Research Initial Class Subaccount			MS VIF Emerging Markets Equity Class I Shares Subaccount			MS VIF Global Strategist Class I Shares Subaccount

Net Assets as of December 31, 2021:	$	81,339		$	216,776		$	181,464		$	100,490


Investment Income:
Reinvested Dividends		479			906			613			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		1,463			3,244			2,721			1,526

Net Investment Income (Loss)		(984	)		(2,338	)		(2,108	)		(1,526)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		9,191			23,636			14,811			15,158
Realized Gain (Loss) on Investments		835			4,439			(1,416	)		511

Net Realized Capital Gains (Losses) on Investments		10,026			28,075			13,395			15,669
Net Change in Unrealized Appreciation (Depreciation)		(23,840	)		(65,856	)		(58,555	)		(32,553)

Net Gain (Loss) on Investment		(13,814	)		(37,781	)		(45,160	)		(16,884)

Net Increase (Decrease) in Net Assets Resulting from Operations		(14,798	)		(40,119	)		(47,268	)		(18,410)


Increase (Decrease) in Net Assets from Contract Transactions		1,746			(7,418	)		(3,794	)		(115)


Total Increase (Decrease) in Net Assets		(13,052	)		(47,537	)		(51,062	)		(18,525)


Net Assets as of December 31, 2022:	$	68,287		$	169,239		$	130,402		$	81,965


Investment Income:
Reinvested Dividends		899			813			1,769			1,213
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,285			2,623			2,092			1,310

Net Investment Income (Loss)		(1,386	)		(1,810	)		(323	)		(97)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		6,918			8,595			1,915			-
Realized Gain (Loss) on Investments		8,100			7,624			(7,739	)		(3,592)

Net Realized Capital Gains (Losses) on Investments		15,018			16,219			(5,824	)		(3,592)
Net Change in Unrealized Appreciation (Depreciation)		1,939			10,396			18,122			12,438

Net Gain (Loss) on Investment		16,957			26,615			12,298			8,846

Net Increase (Decrease) in Net Assets Resulting from Operations		15,571			24,805			11,975			8,749


Increase (Decrease) in Net Assets from Contract Transactions		48,325			(43,953	)		(28,122	)		(10,100)


Total Increase (Decrease) in Net Assets		63,896			(19,148	)		(16,147	)		(1,351)


Net Assets as of December 31, 2023:	$	132,183		$	150,091		$	114,255		$	80,614

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA-8

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA Aegon Bond Initial Class Subaccount			TA Aegon Sustainable Equity Income Initial Class Subaccount			TA BlackRock Government Money Market Initial Class Subaccount			TA Janus Mid-Cap Growth Initial Class Subaccount

Net Assets as of December 31, 2021:	$	484,422		$	724,033		$	958,434		$	96,206


Investment Income:
Reinvested Dividends		10,317			10,500			9,060			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		7,627			10,197			13,000			1,524

Net Investment Income (Loss)		2,690			303			(3,940	)		(1,524)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			17,037			-			12,456
Realized Gain (Loss) on Investments		(13,103	)		8,353			-			49

Net Realized Capital Gains (Losses) on Investments		(13,103	)		25,390			-			12,505
Net Change in Unrealized Appreciation (Depreciation)		(63,145	)		(111,524	)		-			(28,407)

Net Gain (Loss) on Investment		(76,248	)		(86,134	)		-			(15,902)

Net Increase (Decrease) in Net Assets Resulting from Operations		(73,558	)		(85,831	)		(3,940	)		(17,426)


Increase (Decrease) in Net Assets from Contract Transactions		(65,591	)		(173,490	)		(384,627	)		(4,511)


Total Increase (Decrease) in Net Assets		(139,149	)		(259,321	)		(388,567	)		(21,937)


Net Assets as of December 31, 2022:	$	345,273		$	464,712		$	569,867		$	74,269


Investment Income:
Reinvested Dividends		3,148			6,854			30,281			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		6,498			6,160			11,035			1,493

Net Investment Income (Loss)		(3,350	)		694			19,246			(1,493)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			-			-			14,041
Realized Gain (Loss) on Investments		(11,141	)		(17,149	)		-			431

Net Realized Capital Gains (Losses) on Investments		(11,141	)		(17,149	)		-			14,472
Net Change in Unrealized Appreciation (Depreciation)		28,795			31,770			-			(1,734)

Net Gain (Loss) on Investment		17,654			14,621			-			12,738

Net Increase (Decrease) in Net Assets Resulting from Operations		14,304			15,315			19,246			11,245


Increase (Decrease) in Net Assets from Contract Transactions		(27,657	)		(167,315	)		111,649			3,149


Total Increase (Decrease) in Net Assets		(13,353	)		(152,000	)		130,895			14,394


Net Assets as of December 31, 2023:	$	331,920		$	312,712		$	700,762		$	88,663

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA-8

Statements of Operations and Changes in Net Assets

Years Ended December 31, 2023 and 2022


	TA JPMorgan Tactical Allocation Initial Class Subaccount			TA WMC US Growth Initial Class Subaccount

Net Assets as of December 31, 2021:	$	366,212		$	5,787,444


Investment Income:
Reinvested Dividends		2,822			-
Investment Expense:
Mortality and Expense Risk and Administrative Charges		3,833			86,799

Net Investment Income (Loss)		(1,011	)		(86,799)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		15,998			748,474
Realized Gain (Loss) on Investments		(4,306	)		136,984

Net Realized Capital Gains (Losses) on Investments		11,692			885,458
Net Change in Unrealized Appreciation (Depreciation)		(55,680	)		(2,666,972)

Net Gain (Loss) on Investment		(43,988	)		(1,781,514)

Net Increase (Decrease) in Net Assets Resulting from Operations		(44,999	)		(1,868,313)


Increase (Decrease) in Net Assets from Contract Transactions		(206,444	)		(100,521)


Total Increase (Decrease) in Net Assets		(251,443	)		(1,968,834)


Net Assets as of December 31, 2022:	$	114,769		$	3,818,610


Investment Income:
Reinvested Dividends		2,310			1,596
Investment Expense:
Mortality and Expense Risk and Administrative Charges		2,157			78,587

Net Investment Income (Loss)		153			(76,991)

Increase (Decrease) in Net Assets from Operations:
Capital Gain Distributions		-			112,368
Realized Gain (Loss) on Investments		(11,371	)		112,551

Net Realized Capital Gains (Losses) on Investments		(11,371	)		224,919
Net Change in Unrealized Appreciation (Depreciation)		16,725			1,188,353

Net Gain (Loss) on Investment		5,354			1,413,272

Net Increase (Decrease) in Net Assets Resulting from Operations		5,507			1,336,281


Increase (Decrease) in Net Assets from Contract Transactions		(27,981	)		(850,011)


Total Increase (Decrease) in Net Assets		(22,474	)		486,270


Net Assets as of December 31, 2023:	$	92,295		$	4,304,880

See Accompanying Notes.

⁽¹⁾ See Footnote 1

Transamerica Life Insurance Company

Separate Account VA-8

Notes to Financial Statements

December 31, 2023

1. Organization

Separate Account VA-8 (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 TransMark Optimum Choice^SM Variable Annuity.

Subaccount Investment by Mutual Fund:


Subaccount		Mutual Fund

AB Variable Products Series Fund, Inc.		AB Variable Products Series Fund, Inc.
AB Large Cap Growth Class B Shares		AB Large Cap Growth Portfolio Class B Shares
AB Relative Value Class B Shares		AB Relative Value Portfolio Class B Shares

The Alger Portfolios		The Alger Portfolios
Alger Growth & Income Class I-2 Shares		Alger Growth & Income Portfolio Class I-2 Shares

BNY Mellon Funds		BNY Mellon Funds
BNY Mellon MidCap Stock Initial Shares		BNY Mellon MidCap Stock Portfolio Initial Shares
BNY Mellon Sustainable U.S. Equity Initial Shares		BNY Mellon Sustainable U.S. Equity Portfolio Initial Shares
BNY Mellon VIF Appreciation Initial Shares		BNY Mellon VIF Appreciation Portfolio Initial Shares
BNY Mellon VIF Opportunistic Small Cap Initial Shares		BNY Mellon VIF Opportunistic Small Cap Portfolio Initial Shares

Fidelity^® Variable Insurance Products Fund		Fidelity^® Variable Insurance Products Fund
Fidelity^® VIP Contrafund^® Service Class 2		Fidelity^® VIP Contrafund^® Portfolio Service Class 2
Fidelity^® VIP Equity-Income Service Class 2		Fidelity^® VIP Equity-Income Portfolio Service Class 2
Fidelity^® VIP 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 Small Cap Value Class 2 Shares		Franklin Small Cap Value Fund Class 2 Shares
Franklin Small-Mid Cap Growth Class 2 Shares		Franklin Small-Mid Cap Growth Fund Class 2 Shares

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)		AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
Invesco V.I. High Yield Series I Shares		Invesco V.I. High Yield Fund Series I Shares

Janus Aspen Series		Janus Aspen Series
Janus Henderson - Balanced Service Shares		Janus Henderson - Balanced Portfolio Service Shares
Janus Henderson - Global Research Service Shares		Janus Henderson - Global Research Portfolio Service Shares

MFS^® Variable Insurance Trust		MFS^® Variable Insurance Trust
MFS^® Growth Initial Class		MFS^® Growth Initial Class
MFS^® Investors Trust Initial Class		MFS^® Investors Trust Initial Class
MFS^® Research Initial Class		MFS^® Research Initial Class

Transamerica Life Insurance Company

Separate Account VA-8

Notes to Financial Statements

December 31, 2023

1. Organization (continued)


Subaccount		Mutual Fund

Morgan Stanley Variable Insurance Fund, Inc.		Morgan Stanley Variable Insurance Fund, Inc.
MS VIF Emerging Markets Equity Class I Shares		MS VIF Emerging Markets Equity Portfolio Class I Shares
MS VIF Global Strategist Class I Shares		MS VIF Global Strategist Portfolio Class I Shares

Transamerica Series Trust		Transamerica Series Trust
TA Aegon Bond Initial Class		Transamerica Aegon Bond VP Initial Class
TA Aegon Sustainable Equity Income Initial Class		Transamerica Aegon Sustainable Equity Income VP Initial Class
TA BlackRock Government Money Market Initial Class		Transamerica BlackRock Government Money Market VP Initial Class
TA Janus Mid-Cap Growth Initial Class		Transamerica Janus Mid-Cap Growth VP Initial Class
TA JPMorgan Tactical Allocation Initial Class		Transamerica JPMorgan Tactical Allocation VP Initial Class
TA WMC US Growth Initial Class		Transamerica WMC US Growth VP Initial Class

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


Subaccount		Formerly
AB Relative Value Class B Shares		AB Growth and Income Class B Shares

Transamerica Life Insurance Company

Separate Account VA-8

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-8

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 Large Cap Growth Class B Shares	$ 51,516	$	153,163

AB Relative Value Class B Shares	112,850		144,459

Alger Growth & Income Class I-2 Shares	230,532		476,037

BNY Mellon MidCap Stock Initial Shares	24,400		17,616

BNY Mellon Sustainable U.S. Equity Initial Shares	1,875		859

BNY Mellon VIF Appreciation Initial Shares	69,616		75,884

BNY Mellon VIF Opportunistic Small Cap Initial Shares	102,115		180,716

Fidelity^® VIP Contrafund^® Service Class 2	92,261		421,228

Fidelity^® VIP Equity-Income Service Class 2	2,845		1,626

Fidelity^® VIP Index 500 Service Class 2	85,503		54,414

Franklin Small Cap Value Class 2 Shares	92,279		261,780

Franklin Small-Mid Cap Growth Class 2 Shares	7,571		46,167

Invesco V.I. High Yield Series I Shares	1,183,438		1,042,065

Janus Henderson - Balanced Service Shares	47,516		289,611

Janus Henderson - Global Research Service Shares	37,496		108,552

MFS^® Growth Initial Class	29,404		78,840

MFS^® Investors Trust Initial Class	107,706		53,850

MFS^® Research Initial Class	140,384		177,551

MS VIF Emerging Markets Equity Class I Shares	3,918		30,448

MS VIF Global Strategist Class I Shares	6,088		16,285

TA Aegon Bond Initial Class	12,580		43,587

TA Aegon Sustainable Equity Income Initial Class	16,581		183,203

TA BlackRock Government Money Market Initial Class	269,398		138,503

TA Janus Mid-Cap Growth Initial Class	17,904		2,207

TA JPMorgan Tactical Allocation Initial Class	6,867		34,693

TA WMC US Growth Initial Class	174,878		989,511

Transamerica Life Insurance Company

Separate Account VA-8

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 Large Cap Growth Class B Shares		-		(5,752	)		(5,752	)		-		(1,191	)		(1,191	)

AB Relative Value Class B Shares		164		(3,834	)		(3,670	)		164		(2,564	)		(2,400	)

Alger Growth & Income Class I-2 Shares		8		(11,851	)		(11,843	)		139		(5,169	)		(5,030	)

BNY Mellon MidCap Stock Initial Shares		6		(41	)		(35	)		16		(2,037	)		(2,021	)

BNY Mellon Sustainable U.S. Equity Initial Shares		-		(24	)		(24	)		5		-			5

BNY Mellon VIF Appreciation Initial Shares		-		(1,049	)		(1,049	)		1		(1,357	)		(1,356	)

BNY Mellon VIF Opportunistic Small Cap Initial Shares		424		(4,947	)		(4,523	)		419		(3,610	)		(3,191	)

Fidelity^® VIP Contrafund^® Service Class 2		-		(8,048	)		(8,048	)		-		2,379			2,379

Fidelity^® VIP Equity-Income Service Class 2		-		(19	)		(19	)		-		(1,141	)		(1,141	)

Fidelity^® VIP Index 500 Service Class 2		5		821			826			112		(2,969	)		(2,857	)

Franklin Small Cap Value Class 2 Shares		-		(5,602	)		(5,602	)		9		(3,430	)		(3,421	)

Franklin Small-Mid Cap Growth Class 2 Shares		89		(1,393	)		(1,304	)		78		672			750

Invesco V.I. High Yield Series I Shares		154		6,132			6,286			360		9,370			9,730

Janus Henderson - Balanced Service Shares		252		(9,122	)		(8,870	)		270		(1,579	)		(1,309	)

Janus Henderson - Global Research Service Shares		-		(6,521	)		(6,521	)		-		(2,450	)		(2,450	)

MFS^® Growth Initial Class		80		(3,362	)		(3,282	)		61		(41	)		20

MFS^® Investors Trust Initial Class		41		1,887			1,928			71		4			75

MFS^® Research Initial Class		1		(1,778	)		(1,777	)		1		(319	)		(318	)

MS VIF Emerging Markets Equity Class I Shares		-		(1,669	)		(1,669	)		1		(193	)		(192	)

MS VIF Global Strategist Class I Shares		138		(929	)		(791	)		102		(105	)		(3	)

TA Aegon Bond Initial Class		5		(2,154	)		(2,149	)		5		(4,772	)		(4,767	)

TA Aegon Sustainable Equity Income Initial Class		56		(8,697	)		(8,641	)		320		(8,283	)		(7,963	)

TA BlackRock Government Money Market Initial Class		3,011		9,178			12,189			1,142		(43,764	)		(42,622	)

TA Janus Mid-Cap Growth Initial Class		-		124			124			-		(186	)		(186	)

TA JPMorgan Tactical Allocation Initial Class		7		(2,002	)		(1,995	)		349		(13,249	)		(12,900	)

Transamerica Life Insurance Company

Separate Account VA-8

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 WMC US Growth Initial Class		358		(32,442	)		(32,084	)		471		(3,501	)		(3,030	)

Transamerica Life Insurance Company

Separate Account VA-8

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 Large Cap Growth Class B Shares	$	-	$	(134,447	)	$	(134,447	)	$	-	$	(27,689	)	$	(27,689	)

AB Relative Value Class B Shares		4,432		(108,325	)		(103,893	)		4,413		(70,870	)		(66,457	)

Alger Growth & Income Class I-2 Shares		182		(265,570	)		(265,388	)		3,255		(114,293	)		(111,038	)

BNY Mellon MidCap Stock Initial Shares		189		(1,277	)		(1,088	)		544		(66,835	)		(66,291	)

BNY Mellon Sustainable U.S. Equity Initial Shares		-		(554	)		(554	)		150		9			159

BNY Mellon VIF Appreciation Initial Shares		7		(29,952	)		(29,945	)		27		(38,733	)		(38,706	)

BNY Mellon VIF Opportunistic Small Cap Initial Shares		7,332		(91,579	)		(84,247	)		7,648		(67,896	)		(60,248	)

Fidelity^® VIP Contrafund^® Service Class 2		-		(334,376	)		(334,376	)		15		112,476			112,491

Fidelity^® VIP Equity-Income Service Class 2		-		(561	)		(561	)		-		(33,386	)		(33,386	)

Fidelity^® VIP Index 500 Service Class 2		207		29,796			30,003			4,497		(100,082	)		(95,585	)

Franklin Small Cap Value Class 2 Shares		3		(181,892	)		(181,889	)		308		(119,195	)		(118,887	)

Franklin Small-Mid Cap Growth Class 2 Shares		2,487		(36,435	)		(33,948	)		2,327		19,186			21,513

Invesco V.I. High Yield Series I Shares		2,659		105,820			108,479			6,485		152,686			159,171

Janus Henderson - Balanced Service Shares		6,513		(246,306	)		(239,793	)		7,215		(42,722	)		(35,507	)

Janus Henderson - Global Research Service Shares		-		(83,169	)		(83,169	)		-		(30,075	)		(30,075	)

MFS^® Growth Initial Class		1,840		(68,841	)		(67,001	)		1,489		(152	)		1,337

MFS^® Investors Trust Initial Class		1,018		47,307			48,325			1,743		3			1,746

MFS^® Research Initial Class		18		(43,971	)		(43,953	)		18		(7,436	)		(7,418	)

MS VIF Emerging Markets Equity Class I Shares		-		(28,122	)		(28,122	)		15		(3,809	)		(3,794	)

MS VIF Global Strategist Class I Shares		1,840		(11,940	)		(10,100	)		1,489		(1,604	)		(115	)

TA Aegon Bond Initial Class		67		(27,724	)		(27,657	)		67		(65,658	)		(65,591	)

TA Aegon Sustainable Equity Income Initial Class		1,063		(168,378	)		(167,315	)		6,385		(179,875	)		(173,490	)

TA BlackRock Government Money Market Initial Class		27,301		84,348			111,649			10,314		(394,941	)		(384,627	)

TA Janus Mid-Cap Growth Initial Class		-		3,149			3,149			-		(4,511	)		(4,511	)

Transamerica Life Insurance Company

Separate Account VA-8

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 Tactical Allocation Initial Class	$	110	$	(28,091	)	$	(27,981	)	$	5,529	$	(211,973	)	$	(206,444	)
TA WMC US Growth Initial Class		9,493		(859,504	)		(850,011	)		13,166		(113,687	)		(100,521	)

Transamerica Life Insurance Company

Separate Account VA-8

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 Large Cap Growth Class B Shares
	12/31/2023		23,972		$27.95	to	$25.76	$	637,019		-	%		1.75	%	to	2.10	%		32.46	%	to	32.00	%
	12/31/2022		29,724		21.10	to	19.52		603,141		-			1.75		to	2.10			(29.92	)	to	(30.17	)
	12/31/2021		30,915		30.12	to	27.95		897,708		-			1.75		to	2.10			26.42		to	25.98
	12/31/2020		32,029		23.82	to	22.18		736,806		-			1.75		to	2.10			32.80		to	32.33
	12/31/2019		36,621		17.94	to	16.76		637,264		-			1.75		to	2.10			32.03		to	31.57
AB Relative Value Class B Shares
	12/31/2023		32,235		31.55	to	29.07		975,086		1.29			1.75		to	2.10			9.79		to	9.41
	12/31/2022		35,905		28.74	to	26.57		992,070		1.10			1.75		to	2.10			(6.07	)	to	(6.40	)
	12/31/2021		38,305		30.59	to	28.39		1,129,040		0.63			1.75		to	2.10			25.62		to	25.18
	12/31/2020		40,591		24.35	to	22.68		955,115		1.32			1.75		to	2.10			0.69		to	0.34
	12/31/2019		43,450		24.19	to	22.60		1,017,523		1.01			1.75		to	2.10			21.47		to	21.04
Alger Growth & Income Class I-2 Shares
	12/31/2023		35,389		25.71	to	23.70		861,959		1.38			1.75		to	2.10			21.79		to	21.36
	12/31/2022		47,232		21.11	to	19.52		954,945		1.41			1.75		to	2.10			(16.45	)	to	(16.74	)
	12/31/2021		52,262		25.27	to	23.45		1,266,463		1.14			1.75		to	2.10			29.38		to	28.93
	12/31/2020		61,658		19.53	to	18.19		1,153,245		1.39			1.75		to	2.10			12.88		to	12.49
	12/31/2019		63,674		17.30	to	16.17		1,057,856		1.59			1.75		to	2.10			27.23		to	26.78
BNY Mellon MidCap Stock Initial Shares
	12/31/2023		12,994		35.38	to	32.70		439,481		0.78			1.75		to	2.10			16.27		to	15.86
	12/31/2022		13,029		30.43	to	28.22		379,747		0.79			1.75		to	2.10			(15.57	)	to	(15.86	)
	12/31/2021		15,050		36.04	to	33.54		523,038		0.65			1.75		to	2.10			23.70		to	23.27
	12/31/2020		18,346		29.14	to	27.21		518,317		0.81			1.75		to	2.10			6.23		to	5.85
	12/31/2019		18,045		27.43	to	25.70		480,857		0.66			1.75		to	2.10			18.10		to	17.69
BNY Mellon Sustainable U.S. Equity Initial Shares
	12/31/2023		607		28.12	to	25.99		16,582		0.70			1.75		to	2.10			21.86		to	21.44
	12/31/2022		631		23.08	to	21.40		14,164		0.52			1.75		to	2.10			(24.21	)	to	(24.47	)
	12/31/2021		626		30.45	to	28.33		18,544		1.08			1.75		to	2.10			24.79		to	24.36
	12/31/2020		3,938		24.40	to	22.78		95,717		1.07			1.75		to	2.10			21.99		to	21.56
	12/31/2019		3,870		20.00	to	18.74		77,126		1.56			1.75		to	2.10			32.03		to	31.57

Transamerica Life Insurance Company

Separate Account VA-8

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***

BNY Mellon VIF Appreciation Initial Shares
	12/31/2023		10,857		$32.36	to	$29.82	$	333,147		0.72	%		1.75	%	to	2.10	%		18.88	%	to	18.46	%
	12/31/2022		11,906		27.22	to	25.17		307,730		0.66			1.75		to	2.10			(19.48	)	to	(19.77	)
	12/31/2021		13,262		33.81	to	31.37		426,661		0.44			1.75		to	2.10			24.93		to	24.49
	12/31/2020		18,786		27.06	to	25.20		481,857		0.79			1.75		to	2.10			21.54		to	21.11
	12/31/2019		24,060		22.27	to	20.81		507,374		1.16			1.75		to	2.10			33.74		to	33.27
BNY Mellon VIF Opportunistic Small Cap Initial Shares
	12/31/2023		51,819		19.64	to	18.10		959,384		0.33			1.75		to	2.10			7.39		to	7.02
	12/31/2022		56,342		18.29	to	16.92		974,798		-			1.75		to	2.10			(18.06	)	to	(18.35	)
	12/31/2021		59,533		22.33	to	20.72		1,261,016		0.11			1.75		to	2.10			14.44		to	14.04
	12/31/2020		69,316		19.51	to	18.17		1,284,233		0.64			1.75		to	2.10			17.81		to	17.40
	12/31/2019		70,847		16.56	to	15.48		1,118,644		-			1.75		to	2.10			19.67		to	19.25
Fidelity^® VIP Contrafund^® Service Class 2
	12/31/2023		7,545		53.10	to	49.23		385,068		0.19			1.75		to	2.10			30.82		to	30.36
	12/31/2022		15,593		40.59	to	37.76		599,957		0.27			1.75		to	2.10			(27.76	)	to	(28.01	)
	12/31/2021		13,214		56.19	to	52.46		707,938		0.03			1.75		to	2.10			25.30		to	24.86
	12/31/2020		18,973		44.85	to	42.01		807,327		0.07			1.75		to	2.10			27.97		to	27.52
	12/31/2019		21,735		35.05	to	32.94		725,327		0.22			1.75		to	2.10			29.00		to	28.55
Fidelity^® VIP Equity-Income Service Class 2
	12/31/2023		2,095		30.19	to	27.98		62,410		1.77			1.75		to	2.10			8.47		to	8.09
	12/31/2022		2,114		27.83	to	25.89		58,103		1.54			1.75		to	2.10			(7.01	)	to	(7.33	)
	12/31/2021		3,255		29.93	to	27.94		96,614		1.68			1.75		to	2.10			22.45		to	22.02
	12/31/2020		3,270		24.44	to	22.90		79,313		1.63			1.75		to	2.10			4.59		to	4.22
	12/31/2019		4,774		23.37	to	21.97		109,061		1.83			1.75		to	2.10			24.90		to	24.47
Fidelity^® VIP Index 500 Service Class 2
	12/31/2023		10,083		43.06	to	39.92		418,759		1.30			1.75		to	2.10			23.70		to	23.27
	12/31/2022		9,257		34.81	to	32.38		314,794		1.05			1.75		to	2.10			(19.83	)	to	(20.11	)
	12/31/2021		12,114		43.42	to	40.54		517,007		1.04			1.75		to	2.10			26.03		to	25.59
	12/31/2020		12,376		34.45	to	32.28		419,159		1.52			1.75		to	2.10			15.89		to	15.49
	12/31/2019		14,031		29.73	to	27.95		411,115		1.76			1.75		to	2.10			28.75		to	28.30
Franklin Small Cap Value Class 2 Shares
	12/31/2023		8,132		37.84	to	35.08		296,116		0.50			1.75		to	2.10			10.79		to	10.41
	12/31/2022		13,734		34.15	to	31.77		446,711		0.95			1.75		to	2.10			(11.62	)	to	(11.93	)
	12/31/2021		17,155		38.65	to	36.07		632,574		1.04			1.75		to	2.10			23.19		to	22.76
	12/31/2020		22,682		31.37	to	29.39		676,295		1.50			1.75		to	2.10			3.36		to	3.00
	12/31/2019		25,499		30.35	to	28.53		736,093		0.94			1.75		to	2.10			24.16		to	23.72
Franklin Small-Mid Cap Growth Class 2 Shares
	12/31/2023		8,519		32.26	to	29.81		261,478		-			1.75		to	2.10			24.55		to	24.11
	12/31/2022		9,823		25.91	to	24.02		242,534		-			1.75		to	2.10			(34.84	)	to	(35.07	)
	12/31/2021		9,073		39.76	to	36.99		344,676		-			1.75		to	2.10			8.10		to	7.73
	12/31/2020		10,644		36.78	to	34.34		374,317		-			1.75		to	2.10			52.40		to	51.86
	12/31/2019		12,378		24.13	to	22.61		286,403		-			1.75		to	2.10			29.16		to	28.70

Transamerica Life Insurance Company

Separate Account VA-8

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***

Invesco V.I. High Yield Series I Shares
	12/31/2023		60,374	$	18.17	to	$	16.75	$	1,025,366		5.48	%		1.75	%	to	2.10	%		8.27	%	to	7.89	%
	12/31/2022		54,088		16.79	to		15.52		853,627		5.19			1.75		to	2.10			(11.12	)	to	(11.43	)
	12/31/2021		44,358		18.89	to		17.53		793,292		5.01			1.75		to	2.10			2.57		to	2.21
	12/31/2020		98,007		18.41	to		17.15		1,694,600		7.94			1.75		to	2.10			1.52		to	1.16
	12/31/2019		122,461		18.14	to		16.95		2,089,890		5.24			1.75		to	2.10			11.54		to	11.15
Janus Henderson - Balanced Service Shares
	12/31/2023		34,543		29.96	to		27.61		990,644		1.70			1.75		to	2.10			13.14		to	12.75
	12/31/2022		43,413		26.48	to		24.49		1,103,943		1.12			1.75		to	2.10			(18.06	)	to	(18.35	)
	12/31/2021		44,722		32.32	to		29.99		1,391,458		0.87			1.75		to	2.10			14.88		to	14.48
	12/31/2020		46,886		28.13	to		26.20		1,272,766		2.01			1.75		to	2.10			12.05		to	11.65
	12/31/2019		57,831		25.11	to		23.47		1,397,375		1.63			1.75		to	2.10			20.15		to	19.73
Janus Henderson - Global Research Service Shares
	12/31/2023		52,642		14.69	to		13.54		732,575		0.77			1.75		to	2.10			24.28		to	23.85
	12/31/2022		59,163		11.82	to		10.93		665,752		1.48			1.75		to	2.10			(21.00	)	to	(21.28	)
	12/31/2021		61,613		14.96	to		13.89		879,553		0.36			1.75		to	2.10			15.75		to	15.35
	12/31/2020		67,769		12.93	to		12.04		839,901		0.64			1.75		to	2.10			17.68		to	17.27
	12/31/2019		74,865		10.98	to		10.27		791,613		0.84			1.75		to	2.10			26.48		to	26.04
MFS^® Growth Initial Class
	12/31/2023		12,686		26.08	to		24.04		328,526		-			1.75		to	2.10			33.52		to	33.05
	12/31/2022		15,968		19.54	to		18.07		310,208		-			1.75		to	2.10			(32.82	)	to	(33.05	)
	12/31/2021		15,948		29.08	to		26.99		461,115		-			1.75		to	2.10			21.39		to	20.97
	12/31/2020		16,312		23.96	to		22.31		388,651		-			1.75		to	2.10			29.56		to	29.11
	12/31/2019		17,443		18.49	to		17.28		320,896		-			1.75		to	2.10			35.75		to	35.28
MFS^® Investors Trust Initial Class
	12/31/2023		4,827		29.61	to		27.29		132,183		0.81			1.75		to	2.10			16.92		to	16.51
	12/31/2022		2,899		25.33	to		23.42		68,287		0.68			1.75		to	2.10			(17.94	)	to	(18.22	)
	12/31/2021		2,824		30.86	to		28.64		81,339		0.64			1.75		to	2.10			24.61		to	24.18
	12/31/2020		4,613		24.77	to		23.06		109,686		0.65			1.75		to	2.10			11.89		to	11.50
	12/31/2019		4,873		22.13	to		20.69		103,601		0.68			1.75		to	2.10			29.30		to	28.85
MFS^® Research Initial Class
	12/31/2023		5,800		26.92	to		24.80		150,091		0.58			1.75		to	2.10			20.30		to	19.88
	12/31/2022		7,577		22.37	to		20.69		169,239		0.49			1.75		to	2.10			(18.64	)	to	(18.93	)
	12/31/2021		7,895		27.50	to		25.52		216,776		0.54			1.75		to	2.10			22.64		to	22.21
	12/31/2020		8,979		22.42	to		20.88		201,081		0.73			1.75		to	2.10			14.57		to	14.16
	12/31/2019		9,203		19.57	to		18.29		179,882		0.81			1.75		to	2.10			30.64		to	30.19
MS VIF Emerging Markets Equity Class I Shares
	12/31/2023		6,260		18.83	to		17.36		114,255		1.59			1.75		to	2.10			10.04		to	9.65
	12/31/2022		7,929		17.12	to		15.83		130,402		0.43			1.75		to	2.10			(26.38	)	to	(26.64	)
	12/31/2021		8,121		23.25	to		21.58		181,464		0.81			1.75		to	2.10			1.20		to	0.85
	12/31/2020		11,156		22.97	to		21.39		244,591		1.32			1.75		to	2.10			12.45		to	12.05
	12/31/2019		21,235		20.43	to		19.09		410,454		0.98			1.75		to	2.10			17.51		to	17.10

Transamerica Life Insurance Company

Separate Account VA-8

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***

MS VIF Global Strategist Class I Shares
	12/31/2023		5,694	$	14.21	to	$	13.10	$	80,614		1.63	%		1.75	%	to	2.10	%		12.10	%	to	11.71	%
	12/31/2022		6,485		12.68	to		11.72		81,965		-			1.75		to	2.10			(18.38	)	to	(18.67	)
	12/31/2021		6,488		15.53	to		14.41		100,490		1.80			1.75		to	2.10			6.49		to	6.12
	12/31/2020		6,357		14.59	to		13.58		92,282		1.47			1.75		to	2.10			8.99		to	8.61
	12/31/2019		5,875		13.38	to		12.51		78,233		1.87			1.75		to	2.10			15.73		to	15.32
TA Aegon Bond Initial Class
	12/31/2023		25,042		13.78	to		12.82		331,920		0.94			1.75		to	2.10			4.61		to	4.24
	12/31/2022		27,191		13.18	to		12.30		345,273		2.63			1.75		to	2.10			(16.31	)	to	(16.61	)
	12/31/2021		31,958		15.75	to		14.75		484,422		1.53			1.75		to	2.10			(2.59	)	to	(2.93	)
	12/31/2020		30,902		16.16	to		15.20		481,400		2.44			1.75		to	2.10			5.81		to	5.44
	12/31/2019		39,179		15.28	to		14.41		575,661		3.27			1.75		to	2.10			6.53		to	6.16
TA Aegon Sustainable Equity Income Initial Class
	12/31/2023		15,118		21.29	to		19.74		312,712		2.11			1.75		to	2.10			4.44		to	4.08
	12/31/2022		23,759		20.39	to		18.96		464,712		1.98			1.75		to	2.10			(13.16	)	to	(13.46	)
	12/31/2021		31,722		23.47	to		21.91		724,033		2.13			1.75		to	2.10			20.30		to	19.88
	12/31/2020		38,301		19.51	to		18.28		722,693		3.09			1.75		to	2.10			(8.96	)	to	(9.28	)
	12/31/2019		44,040		21.43	to		20.15		910,253		2.28			1.75		to	2.10			21.76		to	21.33
TA BlackRock Government Money Market Initial Class
	12/31/2023		75,242		9.31	to		9.31		700,762		4.78			1.75		to	2.10			3.05		to	3.05
	12/31/2022		63,053		9.04	to		9.04		569,867		1.22			1.75		to	2.10			(0.35	)	to	(0.35	)
	12/31/2021		105,675		9.07	to		9.07		958,434		-			1.75		to	2.10			(1.73	)	to	(1.73	)
	12/31/2020		91,314		9.23	to		9.23		842,772		0.30			1.75		to	2.10			(1.46	)	to	(1.46	)
	12/31/2019		93,958		9.37	to		9.37		880,002		1.97			1.75		to	2.10			0.20		to	0.20
TA Janus Mid-Cap Growth Initial Class
	12/31/2023		3,330		27.42	to		25.33		88,663		-			1.75		to	2.10			15.02		to	14.62
	12/31/2022		3,206		23.84	to		22.10		74,269		-			1.75		to	2.10			(18.16	)	to	(18.44	)
	12/31/2021		3,392		29.13	to		27.10		96,206		0.24			1.75		to	2.10			15.26		to	14.86
	12/31/2020		5,193		25.27	to		23.59		127,163		0.22			1.75		to	2.10			17.13		to	16.72
	12/31/2019		5,996		21.57	to		20.21		124,894		0.07			1.75		to	2.10			34.34		to	33.87
TA JPMorgan Tactical Allocation Initial Class
	12/31/2023		5,964		16.14	to		14.96		92,295		2.09			1.75		to	2.10			7.02		to	6.65
	12/31/2022		7,959		15.09	to		14.03		114,769		1.42			1.75		to	2.10			(16.28	)	to	(16.57	)
	12/31/2021		20,859		18.02	to		16.82		366,212		1.90			1.75		to	2.10			3.09		to	2.73
	12/31/2020		19,449		17.48	to		16.37		331,134		2.31			1.75		to	2.10			10.41		to	10.02
	12/31/2019		26,636		15.83	to		14.88		407,355		2.47			1.75		to	2.10			10.23		to	9.85
TA WMC US Growth Initial Class
	12/31/2023		134,846		33.48	to		30.85		4,304,880		0.04			1.75		to	2.10			39.63		to	39.14
	12/31/2022		166,930		23.98	to		22.17		3,818,610		-			1.75		to	2.10			(32.54	)	to	(32.77	)
	12/31/2021		169,960		35.54	to		32.98		5,787,444		0.08			1.75		to	2.10			18.57		to	18.16
	12/31/2020		197,948		29.97	to		27.91		5,679,655		0.11			1.75		to	2.10			34.91		to	34.44
	12/31/2019		206,842		22.22	to		20.76		4,414,327		0.13			1.75		to	2.10			37.62		to	37.14

Transamerica Life Insurance Company

Separate Account VA-8

Notes to Financial Statements

December 31, 2023

5. Financial Highlights (continued)

⁽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-8

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 $30, proportionately from the subaccounts’ unit values. An annual charge ranging from 1.60% to 1.95% 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-8

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.