Report of Independent Registered Public Accounting Firm |
To the Contract Owners of | ||
Separate Account Five of Talcott Resolution Life and Annuity Insurance Company and the | ||
Board of Directors of Talcott Resolution Life and Annuity Insurance Company |
Fidelity® VIP Government Money Market Portfolio (Service Class) | Putnam VT Global Asset Allocation Fund (Class IA) | ||||
Putnam VT George Putnam Balanced Fund (Class IA) | Putnam VT Focused International Equity Fund (Class IA) | ||||
Hartford Balanced HLS Fund (Class IA) | Putnam VT Global Health Care Fund (Class IA) | ||||
Hartford Capital Appreciation HLS Fund (Class IA) | Putnam VT Large Cap Growth Fund (Class IA) (formerly Putnam VT Growth Opportunities Fund (Class IA)) | ||||
Hartford Disciplined Equity HLS Fund (Class IA) | Putnam VT High Yield Fund (Class IA) | ||||
Hartford Dividend and Growth HLS Fund (Class IA) | Putnam VT Income Fund (Class IA) | ||||
Hartford Healthcare HLS Fund (Class IA) | Putnam VT International Equity Fund (Class IA) | ||||
Hartford International Opportunities HLS Fund (Class IA) | Putnam VT Emerging Markets Equity Fund (Class IA) | ||||
Hartford MidCap HLS Fund (Class IA) | Putnam VT International Value Fund (Class IA) | ||||
Hartford Small Company HLS Fund (Class IA) | Putnam VT Core Equity Fund (Class IA) (formerly Putnam VT Multi-Cap Core Fund (Class IA)) | ||||
Hartford Stock HLS Fund (Class IA) | Putnam VT Government Money Market Fund (Class IA) | ||||
Hartford Total Return Bond HLS Fund (Class IA) | Putnam VT Sustainable Leaders Fund (Class IA) | ||||
Hartford Ultrashort Bond HLS Fund (Class IA) | Putnam VT Research Fund (Class IA) | ||||
Invesco V.I. American Value Fund (Series I) | Putnam VT Small Cap Value Fund (Class IA) | ||||
Invesco V.I. Diversified Dividend Fund (Series I) | Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | ||||
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | ||||
Invesco V.I. Equity and Income Fund (Series I) | Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | ||||
Invesco V.I. Growth and Income Fund (Series I) | Morgan Stanley VIF Growth Portfolio (Class I) | ||||
Invesco V.I. High Yield Fund (Series I) | PSF PGIM Government Money Market Portfolio (Class I) | ||||
Putnam VT Mortgage Securities Fund (Class IA) | BlackRock S&P 500 Index V.I. Fund (Class I) | ||||
Putnam VT Diversified Income Fund (Class IA) | |||||
Putnam VT Large Cap Value Fund (Class IA) |
SA-1 | ||||||||
Report of Independent Registered Public Accounting Firm |
Sub-Account | Statements of Assets and Liabilities | Statements of Operations | Statements of Changes in Net Assets | Financial Highlights | ||||||||||
As of | For the | For the | For the | |||||||||||
Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) (liquidated July 28, 2023) | December 31, 2023 | Period from January 1, 2023, to July 28, 2023 | Period from January 01, 2023, to July 28, 2023 and one year in the period ended December 31, 2022 | Period from January 01, 2023 to July 28, 2023 and Four years in the period ended December 31, 2022 |
SA-2 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Assets and Liabilities | ||
December 31, 2023 |
Fidelity® VIP Government Money Market Portfolio (Service Class) | Putnam VT George Putnam Balanced Fund (Class IA) | Hartford Balanced HLS Fund (Class IA) | Hartford Capital Appreciation HLS Fund (Class IA) | Hartford Disciplined Equity HLS Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||
Investments: | |||||||||||||||||||||||||||||
Number of shares | 4,270,344 | 64,639 | 1,109,233 | 989,038 | 449,783 | ||||||||||||||||||||||||
Cost | $ | 4,270,344 | $ | 754,825 | $ | 29,206,683 | $ | 45,214,188 | $ | 7,007,342 | |||||||||||||||||||
Fair Value | $ | 4,270,344 | $ | 888,790 | $ | 31,901,539 | $ | 45,545,200 | $ | 8,482,913 | |||||||||||||||||||
Due from Sponsor Company | 15,624 | — | — | — | — | ||||||||||||||||||||||||
Receivable for fund shares sold | — | — | 15,655 | 37 | — | ||||||||||||||||||||||||
Total assets | 4,285,968 | 888,790 | 31,917,194 | 45,545,237 | 8,482,913 | ||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||
Due to Sponsor Company | — | — | 15,655 | 37 | — | ||||||||||||||||||||||||
Payable for fund shares purchased | 15,624 | — | — | — | — | ||||||||||||||||||||||||
Total liabilities | 15,624 | — | 15,655 | 37 | — | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
For contract liabilities | $ | 4,270,344 | $ | 888,790 | $ | 31,901,539 | $ | 45,545,200 | $ | 8,482,913 | |||||||||||||||||||
Deferred contracts in the accumulation period: | |||||||||||||||||||||||||||||
Units owned by participants # | 384,671 | 22,295 | 3,424,812 | 2,024,256 | 1,146,757 | ||||||||||||||||||||||||
Contract liability | $ | 4,270,344 | $ | 888,790 | $ | 31,901,539 | $ | 45,545,200 | $ | 8,482,913 | |||||||||||||||||||
# Rounded units | |||||||||||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-3 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Assets and Liabilities | ||
December 31, 2023 |
Hartford Dividend and Growth HLS Fund (Class IA) | Hartford Healthcare HLS Fund (Class IA) | Hartford International Opportunities HLS Fund (Class IA) | Hartford MidCap HLS Fund (Class IA) | Hartford Small Company HLS Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||
Investments: | |||||||||||||||||||||||||||||
Number of shares | 1,199,324 | 119,285 | 356,037 | 414,543 | 328,970 | ||||||||||||||||||||||||
Cost | $ | 25,191,046 | $ | 2,302,498 | $ | 4,968,729 | $ | 12,687,014 | $ | 6,035,127 | |||||||||||||||||||
Fair Value | $ | 27,140,694 | $ | 1,957,471 | $ | 5,386,843 | $ | 11,337,749 | $ | 5,207,588 | |||||||||||||||||||
Due from Sponsor Company | 20 | — | — | — | — | ||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | — | ||||||||||||||||||||||||
Total assets | 27,140,714 | 1,957,471 | 5,386,843 | 11,337,749 | 5,207,588 | ||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||
Due to Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Payable for fund shares purchased | 20 | — | — | — | — | ||||||||||||||||||||||||
Total liabilities | 20 | — | — | — | — | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
For contract liabilities | $ | 27,140,694 | $ | 1,957,471 | $ | 5,386,843 | $ | 11,337,749 | $ | 5,207,588 | |||||||||||||||||||
Deferred contracts in the accumulation period: | |||||||||||||||||||||||||||||
Units owned by participants # | 1,415,123 | 153,636 | 975,049 | 608,807 | 520,438 | ||||||||||||||||||||||||
Contract liability | $ | 27,140,694 | $ | 1,957,471 | $ | 5,386,843 | $ | 11,337,749 | $ | 5,207,588 | |||||||||||||||||||
# Rounded units | |||||||||||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-4 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Assets and Liabilities | ||
December 31, 2023 |
Hartford Stock HLS Fund (Class IA) | Hartford Total Return Bond HLS Fund (Class IA) | Hartford Ultrashort Bond HLS Fund (Class IA) | Invesco V.I. American Value Fund (Series I) | Invesco V.I. Diversified Dividend Fund (Series I) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||
Investments: | |||||||||||||||||||||||||||||
Number of shares | 275,900 | 738,698 | 394,695 | 12,739 | 36,007 | ||||||||||||||||||||||||
Cost | $ | 17,379,496 | $ | 8,214,091 | $ | 3,978,868 | $ | 191,370 | $ | 703,571 | |||||||||||||||||||
Fair Value | $ | 26,673,982 | $ | 7,069,339 | $ | 4,081,151 | $ | 178,091 | $ | 872,804 | |||||||||||||||||||
Due from Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Receivable for fund shares sold | 13 | — | — | — | — | ||||||||||||||||||||||||
Total assets | 26,673,995 | 7,069,339 | 4,081,151 | 178,091 | 872,804 | ||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||
Due to Sponsor Company | 13 | — | — | — | — | ||||||||||||||||||||||||
Payable for fund shares purchased | — | — | — | — | — | ||||||||||||||||||||||||
Total liabilities | 13 | — | — | — | — | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
For contract liabilities | $ | 26,673,982 | $ | 7,069,339 | $ | 4,081,151 | $ | 178,091 | $ | 872,804 | |||||||||||||||||||
Deferred contracts in the accumulation period: | |||||||||||||||||||||||||||||
Units owned by participants # | 1,859,975 | 1,764,129 | 2,119,451 | 2,507 | 26,984 | ||||||||||||||||||||||||
Contract liability | $ | 26,673,982 | $ | 7,069,339 | $ | 4,081,151 | $ | 178,091 | $ | 872,804 | |||||||||||||||||||
# Rounded units | |||||||||||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-5 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Assets and Liabilities | ||
December 31, 2023 |
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | Invesco V.I. Equity and Income Fund (Series I) | Invesco V.I. Growth and Income Fund (Series I) | Invesco V.I. High Yield Fund (Series I) | Putnam VT Mortgage Securities Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||
Investments: | |||||||||||||||||||||||||||||
Number of shares | 29,438 | 3,768 | 11,020 | 4,655 | 52,109 | ||||||||||||||||||||||||
Cost | $ | 551,269 | $ | 62,396 | $ | 207,464 | $ | 24,070 | $ | 494,433 | |||||||||||||||||||
Fair Value | $ | 771,867 | $ | 62,089 | $ | 207,834 | $ | 21,833 | $ | 331,936 | |||||||||||||||||||
Due from Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | — | ||||||||||||||||||||||||
Total assets | 771,867 | 62,089 | 207,834 | 21,833 | 331,936 | ||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||
Due to Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Payable for fund shares purchased | — | — | — | — | — | ||||||||||||||||||||||||
Total liabilities | — | — | — | — | — | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
For contract liabilities | $ | 771,867 | $ | 62,089 | $ | 207,834 | $ | 21,833 | $ | 331,936 | |||||||||||||||||||
Deferred contracts in the accumulation period: | |||||||||||||||||||||||||||||
Units owned by participants # | 6,517 | 2,300 | 3,495 | 1,289 | 14,278 | ||||||||||||||||||||||||
Contract liability | $ | 771,867 | $ | 62,089 | $ | 207,834 | $ | 21,833 | $ | 331,936 | |||||||||||||||||||
# Rounded units | |||||||||||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-6 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Assets and Liabilities | ||
December 31, 2023 |
Putnam VT Diversified Income Fund (Class IA) | Putnam VT Large Cap Value Fund (Class IA) | Putnam VT Global Asset Allocation Fund (Class IA) | Putnam VT Focused International Equity Fund (Class IA) | Putnam VT Global Health Care Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||
Investments: | |||||||||||||||||||||||||||||
Number of shares | 181,520 | 425,247 | 114,847 | 171,125 | 24,016 | ||||||||||||||||||||||||
Cost | $ | 1,246,181 | $ | 9,832,270 | $ | 1,924,959 | $ | 2,702,361 | $ | 349,209 | |||||||||||||||||||
Fair Value | $ | 838,624 | $ | 12,434,223 | $ | 2,016,707 | $ | 2,483,023 | $ | 410,677 | |||||||||||||||||||
Due from Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | — | ||||||||||||||||||||||||
Total assets | 838,624 | 12,434,223 | 2,016,707 | 2,483,023 | 410,677 | ||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||
Due to Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Payable for fund shares purchased | — | — | — | — | — | ||||||||||||||||||||||||
Total liabilities | — | — | — | — | — | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
For contract liabilities | $ | 838,624 | $ | 12,434,223 | $ | 2,016,707 | $ | 2,483,023 | $ | 410,677 | |||||||||||||||||||
Deferred contracts in the accumulation period: | |||||||||||||||||||||||||||||
Units owned by participants # | 21,479 | 180,183 | 26,735 | 41,733 | 5,861 | ||||||||||||||||||||||||
Contract liability | $ | 838,624 | $ | 12,434,223 | $ | 2,016,707 | $ | 2,483,023 | $ | 410,677 | |||||||||||||||||||
# Rounded units | |||||||||||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-7 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Assets and Liabilities | ||
December 31, 2023 |
Putnam VT Large Cap Growth Fund (Class IA) | Putnam VT High Yield Fund (Class IA) | Putnam VT Income Fund (Class IA) | Putnam VT International Equity Fund (Class IA) | Putnam VT Emerging Markets Equity Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||
Investments: | |||||||||||||||||||||||||||||
Number of shares | 704,448 | 139,994 | 152,947 | 31,650 | 24,208 | ||||||||||||||||||||||||
Cost | $ | 6,730,609 | $ | 1,165,595 | $ | 1,745,250 | $ | 424,437 | $ | 348,740 | |||||||||||||||||||
Fair Value | $ | 9,890,450 | $ | 785,369 | $ | 1,284,753 | $ | 489,942 | $ | 413,225 | |||||||||||||||||||
Due from Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | — | ||||||||||||||||||||||||
Total assets | 9,890,450 | 785,369 | 1,284,753 | 489,942 | 413,225 | ||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||
Due to Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Payable for fund shares purchased | — | — | — | — | — | ||||||||||||||||||||||||
Total liabilities | — | — | — | — | — | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
For contract liabilities | $ | 9,890,450 | $ | 785,369 | $ | 1,284,753 | $ | 489,942 | $ | 413,225 | |||||||||||||||||||
Deferred contracts in the accumulation period: | |||||||||||||||||||||||||||||
Units owned by participants # | 294,133 | 13,737 | 33,167 | 10,656 | 13,182 | ||||||||||||||||||||||||
Contract liability | $ | 9,890,450 | $ | 785,369 | $ | 1,284,753 | $ | 489,942 | $ | 413,225 | |||||||||||||||||||
# Rounded units | |||||||||||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-8 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Assets and Liabilities | ||
December 31, 2023 |
Putnam VT International Value Fund (Class IA) | Putnam VT Core Equity Fund (Class IA) | Putnam VT Government Money Market Fund (Class IA) | Putnam VT Sustainable Leaders Fund (Class IA) | Putnam VT Research Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||
Investments: | |||||||||||||||||||||||||||||
Number of shares | 22,455 | 56,985 | 2,980,364 | 167,987 | 10,764 | ||||||||||||||||||||||||
Cost | $ | 259,394 | $ | 907,701 | $ | 2,980,364 | $ | 4,874,757 | $ | 252,651 | |||||||||||||||||||
Fair Value | $ | 267,892 | $ | 1,074,173 | $ | 2,980,364 | $ | 6,949,613 | $ | 375,781 | |||||||||||||||||||
Due from Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Receivable for fund shares sold | — | — | 27 | — | — | ||||||||||||||||||||||||
Total assets | 267,892 | 1,074,173 | 2,980,391 | 6,949,613 | 375,781 | ||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||
Due to Sponsor Company | — | — | 27 | — | — | ||||||||||||||||||||||||
Payable for fund shares purchased | — | — | — | — | — | ||||||||||||||||||||||||
Total liabilities | — | — | 27 | — | — | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
For contract liabilities | $ | 267,892 | $ | 1,074,173 | $ | 2,980,364 | $ | 6,949,613 | $ | 375,781 | |||||||||||||||||||
Deferred contracts in the accumulation period: | |||||||||||||||||||||||||||||
Units owned by participants # | 6,226 | 19,547 | 1,583,110 | 49,731 | 4,960 | ||||||||||||||||||||||||
Contract liability | $ | 267,892 | $ | 1,074,173 | $ | 2,980,364 | $ | 6,949,613 | $ | 375,781 | |||||||||||||||||||
# Rounded units | |||||||||||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-9 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Assets and Liabilities | ||
December 31, 2023 |
Putnam VT Small Cap Value Fund (Class IA) | Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) | Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | |||||||||||||||||||||||||
Sub-Account | Sub-Account (1) | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||
Investments: | |||||||||||||||||||||||||||||
Number of shares | 41,161 | — | 8,077 | 1,053 | 10,556 | ||||||||||||||||||||||||
Cost | $ | 508,885 | $ | — | $ | 56,801 | $ | 12,717 | $ | 81,897 | |||||||||||||||||||
Fair Value | $ | 481,586 | $ | — | $ | 44,421 | $ | 13,578 | $ | 64,499 | |||||||||||||||||||
Due from Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | — | ||||||||||||||||||||||||
Total assets | 481,586 | — | 44,421 | 13,578 | 64,499 | ||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||
Due to Sponsor Company | — | — | — | — | — | ||||||||||||||||||||||||
Payable for fund shares purchased | — | — | — | — | — | ||||||||||||||||||||||||
Total liabilities | — | — | — | — | — | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
For contract liabilities | $ | 481,586 | $ | — | $ | 44,421 | $ | 13,578 | $ | 64,499 | |||||||||||||||||||
Deferred contracts in the accumulation period: | |||||||||||||||||||||||||||||
Units owned by participants # | 4,930 | — | 1,174 | 514 | 3,840 | ||||||||||||||||||||||||
Contract liability | $ | 481,586 | $ | — | $ | 44,421 | $ | 13,578 | $ | 64,499 | |||||||||||||||||||
# Rounded units | |||||||||||||||||||||||||||||
(1) See Note 1 for disclosure of changes in Sub-Accounts. |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-10 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Assets and Liabilities | ||
December 31, 2023 |
Morgan Stanley VIF Growth Portfolio (Class I) | PSF PGIM Government Money Market Portfolio (Class I) | BlackRock S&P 500 Index V.I. Fund (Class I) | |||||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||
Investments: | |||||||||||||||||||||||||||||
Number of shares | 95,216 | 65,091 | 255,170 | ||||||||||||||||||||||||||
Cost | $ | 2,078,706 | $ | 650,908 | $ | 6,242,229 | |||||||||||||||||||||||
Fair Value | $ | 1,271,139 | $ | 650,908 | $ | 7,553,029 | |||||||||||||||||||||||
Due from Sponsor Company | — | — | — | ||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | 9 | ||||||||||||||||||||||||||
Total assets | 1,271,139 | 650,908 | 7,553,038 | ||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||
Due to Sponsor Company | — | — | 9 | ||||||||||||||||||||||||||
Payable for fund shares purchased | — | — | — | ||||||||||||||||||||||||||
Total liabilities | — | — | 9 | ||||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
For contract liabilities | $ | 1,271,139 | $ | 650,908 | $ | 7,553,029 | |||||||||||||||||||||||
Deferred contracts in the accumulation period: | |||||||||||||||||||||||||||||
Units owned by participants # | 31,385 | 58,582 | 388,874 | ||||||||||||||||||||||||||
Contract liability | $ | 1,271,139 | $ | 650,908 | $ | 7,553,029 | |||||||||||||||||||||||
# Rounded units | |||||||||||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-11 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Operations | ||
For the Period Ended December 31, 2023 |
Fidelity® VIP Government Money Market Portfolio (Service Class) | Putnam VT George Putnam Balanced Fund (Class IA) | Hartford Balanced HLS Fund (Class IA) | Hartford Capital Appreciation HLS Fund (Class IA) | Hartford Disciplined Equity HLS Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Investment Income: | |||||||||||||||||||||||||||||
Dividends | $ | 217,350 | $ | 12,710 | $ | 574,966 | $ | 373,688 | $ | 66,331 | |||||||||||||||||||
Net realized and unrealized gain (loss) on investments: | |||||||||||||||||||||||||||||
Net realized gain (loss) on security transactions | — | 6,496 | 221,386 | (588,772) | 151,209 | ||||||||||||||||||||||||
Net realized gain distributions | — | — | 891,340 | 745,591 | 54,566 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | — | 138,679 | 2,681,563 | 7,584,600 | 1,339,845 | ||||||||||||||||||||||||
Net gain (loss) on investments | — | 145,175 | 3,794,289 | 7,741,419 | 1,545,620 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 217,350 | $ | 157,885 | $ | 4,369,255 | $ | 8,115,107 | $ | 1,611,951 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-12 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Operations | ||
For the Period Ended December 31, 2023 |
Hartford Dividend and Growth HLS Fund (Class IA) | Hartford Healthcare HLS Fund (Class IA) | Hartford International Opportunities HLS Fund (Class IA) | Hartford MidCap HLS Fund (Class IA) | Hartford Small Company HLS Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Investment Income: | |||||||||||||||||||||||||||||
Dividends | $ | 408,443 | $ | 9,655 | $ | 62,315 | $ | 4,841 | $ | — | |||||||||||||||||||
Net realized and unrealized gain (loss) on investments: | |||||||||||||||||||||||||||||
Net realized gain (loss) on security transactions | 227,661 | (65,737) | 11,191 | (299,941) | (160,086) | ||||||||||||||||||||||||
Net realized gain distributions | 2,348,586 | 26,230 | — | 802,822 | — | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 569,358 | 102,958 | 509,369 | 1,037,416 | 929,279 | ||||||||||||||||||||||||
Net gain (loss) on investments | 3,145,605 | 63,451 | 520,560 | 1,540,297 | 769,193 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 3,554,048 | $ | 73,106 | $ | 582,875 | $ | 1,545,138 | $ | 769,193 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-13 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Operations | ||
For the Period Ended December 31, 2023 |
Hartford Stock HLS Fund (Class IA) | Hartford Total Return Bond HLS Fund (Class IA) | Hartford Ultrashort Bond HLS Fund (Class IA) | Invesco V.I. American Value Fund (Series I) | Invesco V.I. Diversified Dividend Fund (Series I) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Investment Income: | |||||||||||||||||||||||||||||
Dividends | $ | 342,544 | $ | 238,121 | $ | 56,465 | $ | 1,042 | $ | 16,667 | |||||||||||||||||||
Net realized and unrealized gain (loss) on investments: | |||||||||||||||||||||||||||||
Net realized gain (loss) on security transactions | 1,125,652 | (113,133) | 7,982 | (116) | 19,655 | ||||||||||||||||||||||||
Net realized gain distributions | 1,284,369 | — | — | 34,191 | 68,639 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | (815,934) | 344,662 | 158,261 | (11,013) | (32,448) | ||||||||||||||||||||||||
Net gain (loss) on investments | 1,594,087 | 231,529 | 166,243 | 23,062 | 55,846 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 1,936,631 | $ | 469,650 | $ | 222,708 | $ | 24,104 | $ | 72,513 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-14 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Operations | ||
For the Period Ended December 31, 2023 |
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | Invesco V.I. Equity and Income Fund (Series I) | Invesco V.I. Growth and Income Fund (Series I) | Invesco V.I. High Yield Fund (Series I) | Putnam VT Mortgage Securities Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Investment Income: | |||||||||||||||||||||||||||||
Dividends | $ | 9,907 | $ | 1,182 | $ | 3,144 | $ | 1,102 | $ | 50,633 | |||||||||||||||||||
Net realized and unrealized gain (loss) on investments: | |||||||||||||||||||||||||||||
Net realized gain (loss) on security transactions | 3,544 | 530 | 92 | (38) | (2,874) | ||||||||||||||||||||||||
Net realized gain distributions | 52,686 | 3,095 | 24,979 | — | — | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 27,449 | 2,769 | (4,757) | 963 | (30,637) | ||||||||||||||||||||||||
Net gain (loss) on investments | 83,679 | 6,394 | 20,314 | 925 | (33,511) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 93,586 | $ | 7,576 | $ | 23,458 | $ | 2,027 | $ | 17,122 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-15 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Operations | ||
For the Period Ended December 31, 2023 |
Putnam VT Diversified Income Fund (Class IA) | Putnam VT Large Cap Value Fund (Class IA) | Putnam VT Global Asset Allocation Fund (Class IA) | Putnam VT Focused International Equity Fund (Class IA) | Putnam VT Global Health Care Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Investment Income: | |||||||||||||||||||||||||||||
Dividends | $ | 50,486 | $ | 283,497 | $ | 37,478 | $ | 22,446 | $ | 2,780 | |||||||||||||||||||
Net realized and unrealized gain (loss) on investments: | |||||||||||||||||||||||||||||
Net realized gain (loss) on security transactions | (69,257) | 335,410 | (16,572) | (47,695) | 24,390 | ||||||||||||||||||||||||
Net realized gain distributions | — | 714,341 | — | — | 40,118 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 59,640 | 482,096 | 307,823 | 452,136 | (34,772) | ||||||||||||||||||||||||
Net gain (loss) on investments | (9,617) | 1,531,847 | 291,251 | 404,441 | 29,736 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 40,869 | $ | 1,815,344 | $ | 328,729 | $ | 426,887 | $ | 32,516 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-16 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Operations | ||
For the Period Ended December 31, 2023 |
Putnam VT Large Cap Growth Fund (Class IA) | Putnam VT High Yield Fund (Class IA) | Putnam VT Income Fund (Class IA) | Putnam VT International Equity Fund (Class IA) | Putnam VT Emerging Markets Equity Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Investment Income: | |||||||||||||||||||||||||||||
Dividends | $ | — | $ | 42,353 | $ | 76,521 | $ | 1,309 | $ | 4,072 | |||||||||||||||||||
Net realized and unrealized gain (loss) on investments: | |||||||||||||||||||||||||||||
Net realized gain (loss) on security transactions | 157,538 | (35,220) | (31,388) | 3,014 | 25,568 | ||||||||||||||||||||||||
Net realized gain distributions | 116,479 | — | — | — | — | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 2,929,067 | 80,913 | 15,904 | 77,711 | 23,108 | ||||||||||||||||||||||||
Net gain (loss) on investments | 3,203,084 | 45,693 | (15,484) | 80,725 | 48,676 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 3,203,084 | $ | 88,046 | $ | 61,037 | $ | 82,034 | $ | 52,748 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-17 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Operations | ||
For the Period Ended December 31, 2023 |
Putnam VT International Value Fund (Class IA) | Putnam VT Core Equity Fund (Class IA) | Putnam VT Government Money Market Fund (Class IA) | Putnam VT Sustainable Leaders Fund (Class IA) | Putnam VT Research Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Investment Income: | |||||||||||||||||||||||||||||
Dividends | $ | 4,848 | $ | 7,442 | $ | 49,929 | $ | 58,439 | $ | 4,723 | |||||||||||||||||||
Net realized and unrealized gain (loss) on investments: | |||||||||||||||||||||||||||||
Net realized gain (loss) on security transactions | (2,299) | 30,047 | — | 556,251 | 118,243 | ||||||||||||||||||||||||
Net realized gain distributions | — | 87,089 | — | 239,241 | — | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 44,878 | 123,592 | — | 922,572 | (10,692) | ||||||||||||||||||||||||
Net gain (loss) on investments | 42,579 | 240,728 | — | 1,718,064 | 107,551 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 47,427 | $ | 248,170 | $ | 49,929 | $ | 1,776,503 | $ | 112,274 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-18 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Operations | ||
For the Period Ended December 31, 2023 |
Putnam VT Small Cap Value Fund (Class IA) | Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) | Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | |||||||||||||||||||||||||
Sub-Account | Sub-Account (1) | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Investment Income: | |||||||||||||||||||||||||||||
Dividends | $ | 2,072 | $ | 21,142 | $ | 3,548 | $ | 208 | $ | 1,612 | |||||||||||||||||||
Net realized and unrealized gain (loss) on investments: | |||||||||||||||||||||||||||||
Net realized gain (loss) on security transactions | (31,139) | (62,049) | (264) | 4 | (276) | ||||||||||||||||||||||||
Net realized gain distributions | 56,512 | — | — | 225 | 8,890 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 70,682 | 53,333 | 1,439 | 1,026 | (7,404) | ||||||||||||||||||||||||
Net gain (loss) on investments | 96,055 | (8,716) | 1,175 | 1,255 | 1,210 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 98,127 | $ | 12,426 | $ | 4,723 | $ | 1,463 | $ | 2,822 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-19 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Operations | ||
For the Period Ended December 31, 2023 |
Morgan Stanley VIF Growth Portfolio (Class I) | PSF PGIM Government Money Market Portfolio (Class I) | BlackRock S&P 500 Index V.I. Fund (Class I) | |||||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||||
Investment Income: | |||||||||||||||||||||||||||||
Dividends | $ | — | $ | 18,490 | $ | 94,845 | |||||||||||||||||||||||
Net realized and unrealized gain (loss) on investments: | |||||||||||||||||||||||||||||
Net realized gain (loss) on security transactions | (227,146) | — | 174,408 | ||||||||||||||||||||||||||
Net realized gain distributions | — | — | 282,357 | ||||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 685,015 | — | 1,174,015 | ||||||||||||||||||||||||||
Net gain (loss) on investments | 457,869 | — | 1,630,780 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 457,869 | $ | 18,490 | $ | 1,725,625 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-20 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2023 |
Fidelity® VIP Government Money Market Portfolio (Service Class) | Putnam VT George Putnam Balanced Fund (Class IA) | Hartford Balanced HLS Fund (Class IA) | Hartford Capital Appreciation HLS Fund (Class IA) | Hartford Disciplined Equity HLS Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 217,350 | $ | 12,710 | $ | 574,966 | $ | 373,688 | $ | 66,331 | |||||||||||||||||||
Net realized gain (loss) on security transactions | — | 6,496 | 221,386 | (588,772) | 151,209 | ||||||||||||||||||||||||
Net realized gain distributions | — | — | 891,340 | 745,591 | 54,566 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | — | 138,679 | 2,681,563 | 7,584,600 | 1,339,845 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 217,350 | 157,885 | 4,369,255 | 8,115,107 | 1,611,951 | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | — | 263 | 3,561 | — | ||||||||||||||||||||||||
Net transfers | 1,231,258 | (21) | 37,294 | (530,620) | (314,432) | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (1,510,405) | (30,993) | (384,031) | (551,942) | (216,821) | ||||||||||||||||||||||||
Other transactions | — | — | 303 | 82 | — | ||||||||||||||||||||||||
Death benefits | (161,355) | (87,512) | (4,125,097) | (5,223,496) | (977,775) | ||||||||||||||||||||||||
Net loan activity | (2,603) | (2,679) | (7,304) | (91,410) | 12,539 | ||||||||||||||||||||||||
Cost of insurance and other fees | (35,107) | (14,759) | (489,021) | (685,211) | (122,669) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (478,212) | (135,964) | (4,967,593) | (7,079,036) | (1,619,158) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (260,862) | 21,921 | (598,338) | 1,036,071 | (7,207) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 4,531,206 | 866,869 | 32,499,877 | 44,509,129 | 8,490,120 | ||||||||||||||||||||||||
End of period | $ | 4,270,344 | $ | 888,790 | $ | 31,901,539 | $ | 45,545,200 | $ | 8,482,913 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-21 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2023 |
Hartford Dividend and Growth HLS Fund (Class IA) | Hartford Healthcare HLS Fund (Class IA) | Hartford International Opportunities HLS Fund (Class IA) | Hartford MidCap HLS Fund (Class IA) | Hartford Small Company HLS Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 408,443 | $ | 9,655 | $ | 62,315 | $ | 4,841 | $ | — | |||||||||||||||||||
Net realized gain (loss) on security transactions | 227,661 | (65,737) | 11,191 | (299,941) | (160,086) | ||||||||||||||||||||||||
Net realized gain distributions | 2,348,586 | 26,230 | — | 802,822 | — | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 569,358 | 102,958 | 509,369 | 1,037,416 | 929,279 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 3,554,048 | 73,106 | 582,875 | 1,545,138 | 769,193 | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | 354 | — | 263 | 903 | — | ||||||||||||||||||||||||
Net transfers | (11,090) | (114,369) | 118,139 | (203,650) | (7,645) | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (502,016) | — | (89,814) | (287,251) | (103,680) | ||||||||||||||||||||||||
Other transactions | (27) | — | 29 | (1) | (26) | ||||||||||||||||||||||||
Death benefits | (3,016,273) | (137,680) | (343,380) | (989,516) | (293,512) | ||||||||||||||||||||||||
Net loan activity | (39,241) | (87) | 593 | (2,491) | (18,956) | ||||||||||||||||||||||||
Cost of insurance and other fees | (419,386) | (30,356) | (83,380) | (163,895) | (75,356) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (3,987,679) | (282,492) | (397,550) | (1,645,901) | (499,175) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (433,631) | (209,386) | 185,325 | (100,763) | 270,018 | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 27,574,325 | 2,166,857 | 5,201,518 | 11,438,512 | 4,937,570 | ||||||||||||||||||||||||
End of period | $ | 27,140,694 | $ | 1,957,471 | $ | 5,386,843 | $ | 11,337,749 | $ | 5,207,588 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-22 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2023 |
Hartford Stock HLS Fund (Class IA) | Hartford Total Return Bond HLS Fund (Class IA) | Hartford Ultrashort Bond HLS Fund (Class IA) | Invesco V.I. American Value Fund (Series I) | Invesco V.I. Diversified Dividend Fund (Series I) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 342,544 | $ | 238,121 | $ | 56,465 | $ | 1,042 | $ | 16,667 | |||||||||||||||||||
Net realized gain (loss) on security transactions | 1,125,652 | (113,133) | 7,982 | (116) | 19,655 | ||||||||||||||||||||||||
Net realized gain distributions | 1,284,369 | — | — | 34,191 | 68,639 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | (815,934) | 344,662 | 158,261 | (11,013) | (32,448) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 1,936,631 | 469,650 | 222,708 | 24,104 | 72,513 | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | 1,165 | 6 | 25 | — | — | ||||||||||||||||||||||||
Net transfers | 48,103 | (678) | (117,036) | — | 2,500 | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (209,206) | (122,304) | (20,415) | — | — | ||||||||||||||||||||||||
Other transactions | (71) | (22) | (36) | — | — | ||||||||||||||||||||||||
Death benefits | (2,578,704) | (249,228) | (551,157) | — | (75,411) | ||||||||||||||||||||||||
Net loan activity | (7,276) | (179) | (13,993) | (30) | (89) | ||||||||||||||||||||||||
Cost of insurance and other fees | (400,117) | (107,547) | (68,008) | (2,937) | (14,068) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (3,146,106) | (479,952) | (770,620) | (2,967) | (87,068) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (1,209,475) | (10,302) | (547,912) | 21,137 | (14,555) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 27,883,457 | 7,079,641 | 4,629,063 | 156,954 | 887,359 | ||||||||||||||||||||||||
End of period | $ | 26,673,982 | $ | 7,069,339 | $ | 4,081,151 | $ | 178,091 | $ | 872,804 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-23 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2023 |
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | Invesco V.I. Equity and Income Fund (Series I) | Invesco V.I. Growth and Income Fund (Series I) | Invesco V.I. High Yield Fund (Series I) | Putnam VT Mortgage Securities Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 9,907 | $ | 1,182 | $ | 3,144 | $ | 1,102 | $ | 50,633 | |||||||||||||||||||
Net realized gain (loss) on security transactions | 3,544 | 530 | 92 | (38) | (2,874) | ||||||||||||||||||||||||
Net realized gain distributions | 52,686 | 3,095 | 24,979 | — | — | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 27,449 | 2,769 | (4,757) | 963 | (30,637) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 93,586 | 7,576 | 23,458 | 2,027 | 17,122 | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | — | — | — | — | ||||||||||||||||||||||||
Net transfers | — | 117 | — | — | 3,704 | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | — | (26,982) | — | — | — | ||||||||||||||||||||||||
Other transactions | — | — | — | — | — | ||||||||||||||||||||||||
Death benefits | — | (4,852) | — | — | — | ||||||||||||||||||||||||
Net loan activity | — | — | — | — | (69) | ||||||||||||||||||||||||
Cost of insurance and other fees | (11,996) | (1,298) | (3,322) | (300) | (5,394) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (11,996) | (33,015) | (3,322) | (300) | (1,759) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | 81,590 | (25,439) | 20,136 | 1,727 | 15,363 | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 690,277 | 87,528 | 187,698 | 20,106 | 316,573 | ||||||||||||||||||||||||
End of period | $ | 771,867 | $ | 62,089 | $ | 207,834 | $ | 21,833 | $ | 331,936 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-24 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2023 |
Putnam VT Diversified Income Fund (Class IA) | Putnam VT Large Cap Value Fund (Class IA) | Putnam VT Global Asset Allocation Fund (Class IA) | Putnam VT Focused International Equity Fund (Class IA) | Putnam VT Global Health Care Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 50,486 | $ | 283,497 | $ | 37,478 | $ | 22,446 | $ | 2,780 | |||||||||||||||||||
Net realized gain (loss) on security transactions | (69,257) | 335,410 | (16,572) | (47,695) | 24,390 | ||||||||||||||||||||||||
Net realized gain distributions | — | 714,341 | — | — | 40,118 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 59,640 | 482,096 | 307,823 | 452,136 | (34,772) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 40,869 | 1,815,344 | 328,729 | 426,887 | 32,516 | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | 1,656 | — | 1,270 | — | ||||||||||||||||||||||||
Net transfers | 47,320 | (724,483) | 134,103 | (49,632) | (122,599) | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | — | (340,272) | (141,499) | (51,732) | (101,394) | ||||||||||||||||||||||||
Other transactions | — | — | — | — | — | ||||||||||||||||||||||||
Death benefits | (61,105) | (955,236) | (285,649) | (95,790) | (32,331) | ||||||||||||||||||||||||
Net loan activity | (2,730) | (18,850) | (134) | (2,720) | (37) | ||||||||||||||||||||||||
Cost of insurance and other fees | (14,065) | (226,363) | (36,186) | (41,138) | (8,840) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (30,580) | (2,263,548) | (329,365) | (239,742) | (265,201) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | 10,289 | (448,204) | (636) | 187,145 | (232,685) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 828,335 | 12,882,427 | 2,017,343 | 2,295,878 | 643,362 | ||||||||||||||||||||||||
End of period | $ | 838,624 | $ | 12,434,223 | $ | 2,016,707 | $ | 2,483,023 | $ | 410,677 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-25 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2023 |
Putnam VT Large Cap Growth Fund (Class IA) | Putnam VT High Yield Fund (Class IA) | Putnam VT Income Fund (Class IA) | Putnam VT International Equity Fund (Class IA) | Putnam VT Emerging Markets Equity Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | — | $ | 42,353 | $ | 76,521 | $ | 1,309 | $ | 4,072 | |||||||||||||||||||
Net realized gain (loss) on security transactions | 157,538 | (35,220) | (31,388) | 3,014 | 25,568 | ||||||||||||||||||||||||
Net realized gain distributions | 116,479 | — | — | — | — | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 2,929,067 | 80,913 | 15,904 | 77,711 | 23,108 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 3,203,084 | 88,046 | 61,037 | 82,034 | 52,748 | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | 759 | 650 | 600 | — | — | ||||||||||||||||||||||||
Net transfers | (27,262) | 6,270 | (10,585) | (10,058) | (97,133) | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (191,223) | (4,289) | — | (23,352) | (65,970) | ||||||||||||||||||||||||
Other transactions | — | — | — | — | — | ||||||||||||||||||||||||
Death benefits | (449,768) | (33,623) | (35,416) | (10,931) | — | ||||||||||||||||||||||||
Net loan activity | (14,297) | (7,998) | (8,115) | 377 | (32) | ||||||||||||||||||||||||
Cost of insurance and other fees | (160,861) | (13,876) | (22,072) | (9,084) | (8,435) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (842,652) | (52,866) | (75,588) | (53,048) | (171,570) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | 2,360,432 | 35,180 | (14,551) | 28,986 | (118,822) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 7,530,018 | 750,189 | 1,299,304 | 460,956 | 532,047 | ||||||||||||||||||||||||
End of period | $ | 9,890,450 | $ | 785,369 | $ | 1,284,753 | $ | 489,942 | $ | 413,225 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-26 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2023 |
Putnam VT International Value Fund (Class IA) | Putnam VT Core Equity Fund (Class IA) | Putnam VT Government Money Market Fund (Class IA) | Putnam VT Sustainable Leaders Fund (Class IA) | Putnam VT Research Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 4,848 | $ | 7,442 | $ | 49,929 | $ | 58,439 | $ | 4,723 | |||||||||||||||||||
Net realized gain (loss) on security transactions | (2,299) | 30,047 | — | 556,251 | 118,243 | ||||||||||||||||||||||||
Net realized gain distributions | — | 87,089 | — | 239,241 | — | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 44,878 | 123,592 | — | 922,572 | (10,692) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 47,427 | 248,170 | 49,929 | 1,776,503 | 112,274 | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | — | 513 | 650 | — | ||||||||||||||||||||||||
Net transfers | (538) | 141,000 | 2,248,674 | (1,527,661) | 8,604 | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (10,259) | (187,038) | — | (270,706) | (228,130) | ||||||||||||||||||||||||
Other transactions | — | — | (56) | — | — | ||||||||||||||||||||||||
Death benefits | (33,518) | (29,480) | (110,359) | (170,767) | — | ||||||||||||||||||||||||
Net loan activity | (34) | (6,339) | (1,064) | (19,623) | — | ||||||||||||||||||||||||
Cost of insurance and other fees | (4,776) | (16,901) | (14,869) | (132,283) | (6,962) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (49,125) | (98,758) | 2,122,839 | (2,120,390) | (226,488) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (1,698) | 149,412 | 2,172,768 | (343,887) | (114,214) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 269,590 | 924,761 | 807,596 | 7,293,500 | 489,995 | ||||||||||||||||||||||||
End of period | $ | 267,892 | $ | 1,074,173 | $ | 2,980,364 | $ | 6,949,613 | $ | 375,781 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-27 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2023 |
Putnam VT Small Cap Value Fund (Class IA) | Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) | Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | |||||||||||||||||||||||||
Sub-Account | Sub-Account (1) | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 2,072 | $ | 21,142 | $ | 3,548 | $ | 208 | $ | 1,612 | |||||||||||||||||||
Net realized gain (loss) on security transactions | (31,139) | (62,049) | (264) | 4 | (276) | ||||||||||||||||||||||||
Net realized gain distributions | 56,512 | — | — | 225 | 8,890 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 70,682 | 53,333 | 1,439 | 1,026 | (7,404) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 98,127 | 12,426 | 4,723 | 1,463 | 2,822 | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | — | — | — | — | ||||||||||||||||||||||||
Net transfers | (3,058) | (477,320) | — | — | — | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (37,611) | (13,512) | — | — | — | ||||||||||||||||||||||||
Other transactions | — | (6) | — | — | — | ||||||||||||||||||||||||
Death benefits | (71,667) | — | — | — | — | ||||||||||||||||||||||||
Net loan activity | 148 | — | (42) | — | (60) | ||||||||||||||||||||||||
Cost of insurance and other fees | (8,115) | (4,456) | (724) | (223) | (1,190) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (120,303) | (495,294) | (766) | (223) | (1,250) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (22,176) | (482,868) | 3,957 | 1,240 | 1,572 | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 503,762 | 482,868 | 40,464 | 12,338 | 62,927 | ||||||||||||||||||||||||
End of period | $ | 481,586 | $ | — | $ | 44,421 | $ | 13,578 | $ | 64,499 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-28 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2023 |
Morgan Stanley VIF Growth Portfolio (Class I) | PSF PGIM Government Money Market Portfolio (Class I) | BlackRock S&P 500 Index V.I. Fund (Class I) | |||||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | — | $ | 18,490 | $ | 94,845 | |||||||||||||||||||||||
Net realized gain (loss) on security transactions | (227,146) | — | 174,408 | ||||||||||||||||||||||||||
Net realized gain distributions | — | — | 282,357 | ||||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 685,015 | — | 1,174,015 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 457,869 | 18,490 | 1,725,625 | ||||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | — | — | ||||||||||||||||||||||||||
Net transfers | (11,838) | 477,596 | (348,017) | ||||||||||||||||||||||||||
Surrenders for benefit payments and fees | (31,878) | (5,347) | (88,955) | ||||||||||||||||||||||||||
Other transactions | — | — | — | ||||||||||||||||||||||||||
Death benefits | (168,793) | (7,769) | (686,243) | ||||||||||||||||||||||||||
Net loan activity | (173) | (226) | 8,938 | ||||||||||||||||||||||||||
Cost of insurance and other fees | (17,000) | (7,139) | (111,063) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (229,682) | 457,115 | (1,225,340) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets | 228,187 | 475,605 | 500,285 | ||||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 1,042,952 | 175,303 | 7,052,744 | ||||||||||||||||||||||||||
End of period | $ | 1,271,139 | $ | 650,908 | $ | 7,553,029 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-29 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2022 |
Fidelity® VIP Government Money Market Portfolio (Service Class) | Putnam VT George Putnam Balanced Fund (Class IA) | Hartford Balanced HLS Fund (Class IA) | Hartford Capital Appreciation HLS Fund (Class IA) | Hartford Disciplined Equity HLS Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 80,840 | $ | 12,104 | $ | 632,053 | $ | 443,035 | $ | 93,970 | |||||||||||||||||||
Net realized gain (loss) on security transactions | — | 7,577 | 725,122 | (254,054) | 109,715 | ||||||||||||||||||||||||
Net realized gain distributions | — | 81,604 | 4,566,203 | 6,354,552 | 562,475 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | — | (303,555) | (11,631,595) | (15,722,722) | (3,138,536) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 80,840 | (202,270) | (5,708,217) | (9,179,189) | (2,372,376) | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | 1,340 | — | 125 | 1,290 | — | ||||||||||||||||||||||||
Net transfers | (1,462,399) | 252,110 | 270,572 | 326,501 | 336,589 | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (121,370) | (227,471) | (416,579) | (1,199,414) | (21,022) | ||||||||||||||||||||||||
Other transactions | (108) | — | 78 | 45 | (87) | ||||||||||||||||||||||||
Death benefits | (344,460) | (137,355) | (4,985,628) | (5,642,813) | (1,888,384) | ||||||||||||||||||||||||
Net loan activity | 9,922 | (9,625) | 13,750 | 21,317 | (587) | ||||||||||||||||||||||||
Cost of insurance and other fees | (27,759) | (17,513) | (565,267) | (751,779) | (144,605) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (1,944,834) | (139,854) | (5,682,949) | (7,244,853) | (1,718,096) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (1,863,994) | (342,124) | (11,391,166) | (16,424,042) | (4,090,472) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 6,395,200 | 1,208,993 | 43,891,043 | 60,933,171 | 12,580,592 | ||||||||||||||||||||||||
End of period | $ | 4,531,206 | $ | 866,869 | $ | 32,499,877 | $ | 44,509,129 | $ | 8,490,120 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-30 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2022 |
Hartford Dividend and Growth HLS Fund (Class IA) | Hartford Healthcare HLS Fund (Class IA) | Hartford International Opportunities HLS Fund (Class IA) | Hartford MidCap HLS Fund (Class IA) | Hartford Small Company HLS Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 489,397 | $ | — | $ | 92,102 | $ | 115,722 | $ | — | |||||||||||||||||||
Net realized gain (loss) on security transactions | 691,419 | (128,571) | 181,221 | (29,880) | 38,274 | ||||||||||||||||||||||||
Net realized gain distributions | 3,066,612 | 583,582 | 967,063 | 1,881,071 | 1,084,377 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | (7,248,777) | (852,408) | (2,576,067) | (6,048,042) | (3,529,659) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (3,001,349) | (397,397) | (1,335,681) | (4,081,129) | (2,407,008) | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | 125 | — | 125 | 583 | — | ||||||||||||||||||||||||
Net transfers | 487,025 | 145,808 | 2,065 | 339,568 | (134,031) | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (1,141,570) | (11,999) | (293,046) | (345,911) | (219,225) | ||||||||||||||||||||||||
Other transactions | (40) | — | 84 | (26) | — | ||||||||||||||||||||||||
Death benefits | (2,705,834) | (741,501) | (724,531) | (1,673,620) | (537,422) | ||||||||||||||||||||||||
Net loan activity | (8,571) | (570) | 36,212 | 331 | (24,680) | ||||||||||||||||||||||||
Cost of insurance and other fees | (463,372) | (37,031) | (90,102) | (186,392) | (85,651) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (3,832,237) | (645,293) | (1,069,193) | (1,865,467) | (1,001,009) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (6,833,586) | (1,042,690) | (2,404,874) | (5,946,596) | (3,408,017) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 34,407,911 | 3,209,547 | 7,606,392 | 17,385,108 | 8,345,587 | ||||||||||||||||||||||||
End of period | $ | 27,574,325 | $ | 2,166,857 | $ | 5,201,518 | $ | 11,438,512 | $ | 4,937,570 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-31 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2022 |
Hartford Stock HLS Fund (Class IA) | Hartford Total Return Bond HLS Fund (Class IA) | Hartford Ultrashort Bond HLS Fund (Class IA) | Invesco V.I. American Value Fund (Series I) | Invesco V.I. Diversified Dividend Fund (Series I) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 463,939 | $ | 234,686 | $ | 11,418 | $ | 1,201 | $ | 16,888 | |||||||||||||||||||
Net realized gain (loss) on security transactions | 1,967,174 | (205,726) | (15,555) | 3,827 | 13,279 | ||||||||||||||||||||||||
Net realized gain distributions | 2,896,106 | 93,922 | — | 29,288 | 110,797 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | (7,155,503) | (1,484,669) | (9,674) | (41,483) | (158,997) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (1,828,284) | (1,361,787) | (13,811) | (7,167) | (18,033) | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | 1,165 | — | — | — | — | ||||||||||||||||||||||||
Net transfers | (14,990) | 92,721 | (148,219) | 804 | 612 | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (705,649) | (127,503) | (9,700) | — | — | ||||||||||||||||||||||||
Other transactions | 84 | (48) | 171 | — | — | ||||||||||||||||||||||||
Death benefits | (3,243,513) | (1,416,522) | (766,940) | (33,000) | (24,487) | ||||||||||||||||||||||||
Net loan activity | 38,130 | (2,078) | 1,935 | (66) | (306) | ||||||||||||||||||||||||
Cost of insurance and other fees | (450,618) | (122,627) | (79,190) | (3,070) | (16,459) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (4,375,391) | (1,576,057) | (1,001,943) | (35,332) | (40,640) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (6,203,675) | (2,937,844) | (1,015,754) | (42,499) | (58,673) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 34,087,132 | 10,017,485 | 5,644,817 | 199,453 | 946,032 | ||||||||||||||||||||||||
End of period | $ | 27,883,457 | $ | 7,079,641 | $ | 4,629,063 | $ | 156,954 | $ | 887,359 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-32 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2022 |
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | Invesco V.I. Equity and Income Fund (Series I) | Invesco V.I. Growth and Income Fund (Series I) | Invesco V.I. High Yield Fund (Series I) | Putnam VT Mortgage Securities Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 9,174 | $ | 1,565 | $ | 3,272 | $ | 966 | $ | 31,044 | |||||||||||||||||||
Net realized gain (loss) on security transactions | 338,693 | 165 | 7,767 | (29) | (3,578) | ||||||||||||||||||||||||
Net realized gain distributions | 48,824 | 11,949 | 18,618 | — | — | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | (700,721) | (20,895) | (48,109) | (3,086) | (62,145) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (304,030) | (7,216) | (18,452) | (2,149) | (34,679) | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | — | — | — | — | ||||||||||||||||||||||||
Net transfers | 26,243 | — | (3,042) | — | (11) | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (202,864) | — | — | — | — | ||||||||||||||||||||||||
Other transactions | — | — | — | — | — | ||||||||||||||||||||||||
Death benefits | (921,647) | — | (67,983) | — | (9,766) | ||||||||||||||||||||||||
Net loan activity | — | — | — | — | (69) | ||||||||||||||||||||||||
Cost of insurance and other fees | (24,616) | (1,584) | (3,983) | (299) | (5,677) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (1,122,884) | (1,584) | (75,008) | (299) | (15,523) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (1,426,914) | (8,800) | (93,460) | (2,448) | (50,202) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 2,117,191 | 96,328 | 281,158 | 22,554 | 366,775 | ||||||||||||||||||||||||
End of period | $ | 690,277 | $ | 87,528 | $ | 187,698 | $ | 20,106 | $ | 316,573 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-33 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2022 |
Putnam VT Diversified Income Fund (Class IA) | Putnam VT Large Cap Value Fund (Class IA) | Putnam VT Global Asset Allocation Fund (Class IA) | Putnam VT Focused International Equity Fund (Class IA) | Putnam VT Global Health Care Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 69,092 | $ | 238,050 | $ | 42,964 | $ | 54,501 | $ | 3,948 | |||||||||||||||||||
Net realized gain (loss) on security transactions | (140,225) | 375,678 | (19,885) | (50,850) | 1,553 | ||||||||||||||||||||||||
Net realized gain distributions | 20,902 | 1,191,203 | 244,563 | 1,044,012 | 54,718 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | 32,350 | (2,244,514) | (743,248) | (1,611,591) | (91,006) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (17,881) | (439,583) | (475,606) | (563,928) | (30,787) | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | 1,250 | — | 1,250 | — | ||||||||||||||||||||||||
Net transfers | 47,675 | 65,714 | (175,862) | (30,979) | — | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (66,483) | (154,619) | — | (150,288) | — | ||||||||||||||||||||||||
Other transactions | — | — | — | — | — | ||||||||||||||||||||||||
Death benefits | (158,125) | (1,546,090) | (512,302) | (236,656) | — | ||||||||||||||||||||||||
Net loan activity | (104) | (21,129) | (88) | (500) | (35) | ||||||||||||||||||||||||
Cost of insurance and other fees | (16,311) | (245,024) | (43,456) | (43,580) | (10,833) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (193,348) | (1,899,898) | (731,708) | (460,753) | (10,868) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (211,229) | (2,339,481) | (1,207,314) | (1,024,681) | (41,655) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 1,039,564 | 15,221,908 | 3,224,657 | 3,320,559 | 685,017 | ||||||||||||||||||||||||
End of period | $ | 828,335 | $ | 12,882,427 | $ | 2,017,343 | $ | 2,295,878 | $ | 643,362 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-34 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2022 |
Putnam VT Large Cap Growth Fund (Class IA) | Putnam VT High Yield Fund (Class IA) | Putnam VT Income Fund (Class IA) | Putnam VT International Equity Fund (Class IA) | Putnam VT Emerging Markets Equity Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | — | $ | 50,256 | $ | 85,146 | $ | 9,551 | $ | — | |||||||||||||||||||
Net realized gain (loss) on security transactions | 415,778 | (215,034) | (63,815) | (3,520) | 10,183 | ||||||||||||||||||||||||
Net realized gain distributions | 1,721,926 | 1,801 | — | 57,233 | 76,065 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | (5,945,771) | 47,804 | (238,624) | (156,842) | (320,500) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (3,808,067) | (115,173) | (217,293) | (93,578) | (234,252) | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | 600 | 650 | 600 | — | — | ||||||||||||||||||||||||
Net transfers | (86,436) | (17,034) | 24,252 | 1,708 | 2,624 | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | (330,972) | (123,995) | (31,994) | — | — | ||||||||||||||||||||||||
Other transactions | — | — | — | — | — | ||||||||||||||||||||||||
Death benefits | (1,511,134) | (180,791) | (174,274) | (66,751) | (92,026) | ||||||||||||||||||||||||
Net loan activity | (1,689) | (4,567) | (3,537) | 33 | (34) | ||||||||||||||||||||||||
Cost of insurance and other fees | (171,805) | (15,630) | (24,512) | (9,211) | (10,253) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (2,101,436) | (341,367) | (209,465) | (74,221) | (99,689) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (5,909,503) | (456,540) | (426,758) | (167,799) | (333,941) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 13,439,521 | 1,206,729 | 1,726,062 | 628,755 | 865,988 | ||||||||||||||||||||||||
End of period | $ | 7,530,018 | $ | 750,189 | $ | 1,299,304 | $ | 460,956 | $ | 532,047 | |||||||||||||||||||
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-35 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2022 |
Putnam VT International Value Fund (Class IA) | Putnam VT Core Equity Fund (Class IA) | Putnam VT Government Money Market Fund (Class IA) | Putnam VT Sustainable Leaders Fund (Class IA) | Putnam VT Research Fund (Class IA) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 6,608 | $ | 16,198 | $ | 14,518 | $ | 69,797 | $ | 4,797 | |||||||||||||||||||
Net realized gain (loss) on security transactions | (6,117) | 9,845 | — | 187,232 | 30,967 | ||||||||||||||||||||||||
Net realized gain distributions | 10,372 | 261,965 | — | 1,241,615 | 42,534 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | (33,717) | (462,928) | — | (3,867,062) | (198,887) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (22,854) | (174,920) | 14,518 | (2,368,418) | (120,589) | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | — | — | 650 | — | ||||||||||||||||||||||||
Net transfers | (987) | 30,410 | (91,698) | (3,629) | (1,461) | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | — | — | (61,608) | (5,967) | — | ||||||||||||||||||||||||
Other transactions | — | — | (107) | — | — | ||||||||||||||||||||||||
Death benefits | (50,083) | (74,825) | (126,883) | (727,578) | (91,753) | ||||||||||||||||||||||||
Net loan activity | (30) | (258) | (1,341) | (2,323) | (1,480) | ||||||||||||||||||||||||
Cost of insurance and other fees | (4,535) | (16,277) | (12,213) | (144,765) | (8,604) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (55,635) | (60,950) | (293,850) | (883,612) | (103,298) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (78,489) | (235,870) | (279,332) | (3,252,030) | (223,887) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 348,079 | 1,160,631 | 1,086,928 | 10,545,530 | 713,882 | ||||||||||||||||||||||||
End of period | $ | 269,590 | $ | 924,761 | $ | 807,596 | $ | 7,293,500 | $ | 489,995 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-36 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2022 |
Putnam VT Small Cap Value Fund (Class IA) | Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) | Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | |||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | 2,616 | $ | 21,349 | $ | 3,304 | $ | 57 | $ | 2,022 | |||||||||||||||||||
Net realized gain (loss) on security transactions | (5,623) | (155,414) | (824) | 1,986 | (757) | ||||||||||||||||||||||||
Net realized gain distributions | 80,489 | 9,532 | — | 1,384 | 3,949 | ||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | (154,549) | (26,939) | (12,379) | (12,516) | (11,115) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (77,067) | (151,472) | (9,899) | (9,089) | (5,901) | ||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | — | — | — | — | ||||||||||||||||||||||||
Net transfers | (847) | 65,962 | (68) | 1,011 | (77) | ||||||||||||||||||||||||
Surrenders for benefit payments and fees | — | — | — | — | — | ||||||||||||||||||||||||
Other transactions | — | — | — | — | — | ||||||||||||||||||||||||
Death benefits | (82,686) | (27,954) | (1,674) | (16,942) | (4,161) | ||||||||||||||||||||||||
Net loan activity | 191 | (106) | (94) | — | (133) | ||||||||||||||||||||||||
Cost of insurance and other fees | (9,978) | (9,127) | (794) | (343) | (1,321) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (93,320) | 28,775 | (2,630) | (16,274) | (5,692) | ||||||||||||||||||||||||
Net increase (decrease) in net assets | (170,387) | (122,697) | (12,529) | (25,363) | (11,593) | ||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 674,149 | 605,565 | 52,993 | 37,701 | 74,520 | ||||||||||||||||||||||||
End of period | $ | 503,762 | $ | 482,868 | $ | 40,464 | $ | 12,338 | $ | 62,927 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-37 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Statements of Changes in Net Assets | ||
For the Period Ended December 31, 2022 |
Morgan Stanley VIF Growth Portfolio (Class I) | PSF PGIM Government Money Market Portfolio (Class I) | BlackRock S&P 500 Index V.I. Fund (Class I) | |||||||||||||||||||||||||||
Sub-Account | Sub-Account | Sub-Account | |||||||||||||||||||||||||||
Operations: | |||||||||||||||||||||||||||||
Net investment income (loss) | $ | — | $ | 2,497 | $ | 112,762 | |||||||||||||||||||||||
Net realized gain (loss) on security transactions | (67,623) | — | 120,472 | ||||||||||||||||||||||||||
Net realized gain distributions | 747,847 | — | 347,087 | ||||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) | (2,327,888) | — | (2,308,718) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (1,647,664) | 2,497 | (1,728,397) | ||||||||||||||||||||||||||
Unit transactions: | |||||||||||||||||||||||||||||
Purchases | — | — | — | ||||||||||||||||||||||||||
Net transfers | 4,440 | (59) | (63,547) | ||||||||||||||||||||||||||
Surrenders for benefit payments and fees | — | — | (48,424) | ||||||||||||||||||||||||||
Other transactions | — | — | — | ||||||||||||||||||||||||||
Death benefits | (51,327) | (27,295) | (719,835) | ||||||||||||||||||||||||||
Net loan activity | (699) | (503) | 9 | ||||||||||||||||||||||||||
Cost of insurance and other fees | (25,890) | (3,710) | (121,145) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (73,476) | (31,567) | (952,942) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets | (1,721,140) | (29,070) | (2,681,339) | ||||||||||||||||||||||||||
Net assets: | |||||||||||||||||||||||||||||
Beginning of period | 2,764,092 | 204,373 | 9,734,083 | ||||||||||||||||||||||||||
End of period | $ | 1,042,952 | $ | 175,303 | $ | 7,052,744 |
The accompanying notes are an integral part of these financial statements. | ||||||||
SA-38 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
1. Organization: |
Fidelity® VIP Government Money Market Portfolio (Service Class) | ||
Putnam VT George Putnam Balanced Fund (Class IA) | ||
Hartford Balanced HLS Fund (Class IA) | ||
Hartford Capital Appreciation HLS Fund (Class IA) | ||
Hartford Disciplined Equity HLS Fund (Class IA) | ||
Hartford Dividend and Growth HLS Fund (Class IA) | ||
Hartford Healthcare HLS Fund (Class IA) | ||
Hartford International Opportunities HLS Fund (Class IA) | ||
Hartford MidCap HLS Fund (Class IA) | ||
Hartford Small Company HLS Fund (Class IA) | ||
Hartford Stock HLS Fund (Class IA) | ||
Hartford Total Return Bond HLS Fund (Class IA) | ||
Hartford Ultrashort Bond HLS Fund (Class IA) | ||
Invesco V.I. American Value Fund (Series I) | ||
Invesco V.I. Diversified Dividend Fund (Series I) | ||
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | ||
Invesco V.I. Equity and Income Fund (Series I) | ||
Invesco V.I. Growth and Income Fund (Series I) | ||
Invesco V.I. High Yield Fund (Series I) | ||
Putnam VT Mortgage Securities Fund (Class IA) | ||
Putnam VT Diversified Income Fund (Class IA) | ||
Putnam VT Large Cap Value Fund (Class IA) | ||
Putnam VT Global Asset Allocation Fund (Class IA) | ||
Putnam VT Focused International Equity Fund (Class IA) | ||
Putnam VT Global Health Care Fund (Class IA) | ||
Putnam VT Large Cap Growth Fund (Class IA) (formerly Putnam VT Growth Opportunities Fund (Class IA)) | ||
Putnam VT High Yield Fund (Class IA) | ||
Putnam VT Income Fund (Class IA) | ||
Putnam VT International Equity Fund (Class IA) | ||
Putnam VT Emerging Markets Equity Fund (Class IA) |
SA-39 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
1. Organization (continued): |
Putnam VT International Value Fund (Class IA) | ||
Putnam VT Core Equity Fund (Class IA) (formerly Putnam VT Multi-Cap Core Fund (Class IA)) | ||
Putnam VT Government Money Market Fund (Class IA) | ||
Putnam VT Sustainable Leaders Fund (Class IA) | ||
Putnam VT Research Fund (Class IA) | ||
Putnam VT Small Cap Value Fund (Class IA) | ||
Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) (liquidated July 28, 2023) | ||
Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | ||
Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | ||
Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | ||
Morgan Stanley VIF Growth Portfolio (Class I) | ||
PSF PGIM Government Money Market Portfolio (Class I) | ||
BlackRock S&P 500 Index V.I. Fund (Class I) |
SA-40 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
2. Significant Accounting Policies (continued): |
SA-41 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
3. Administration of the Account and Related Charges (continued): |
Sub-Account | Purchases at Cost | Proceeds from Sales | |||||||||
Fidelity® VIP Government Money Market Portfolio (Service Class) | $ | 16,811,781 | $ | 17,289,993 | |||||||
Putnam VT George Putnam Balanced Fund (Class IA) | — | 135,963 | |||||||||
Hartford Balanced HLS Fund (Class IA) | 44,930 | 5,012,524 | |||||||||
Hartford Capital Appreciation HLS Fund (Class IA) | 135,238 | 7,214,275 | |||||||||
Hartford Disciplined Equity HLS Fund (Class IA) | 79,359 | 1,698,515 | |||||||||
Hartford Dividend and Growth HLS Fund (Class IA) | 151,720 | 4,139,398 | |||||||||
Hartford Healthcare HLS Fund (Class IA) | 442 | 282,934 | |||||||||
Hartford International Opportunities HLS Fund (Class IA) | 84,799 | 482,350 | |||||||||
Hartford MidCap HLS Fund (Class IA) | 24,631 | 1,670,533 | |||||||||
Hartford Small Company HLS Fund (Class IA) | 34,978 | 534,153 | |||||||||
Hartford Stock HLS Fund (Class IA) | 69,099 | 3,215,205 | |||||||||
Hartford Total Return Bond HLS Fund (Class IA) | 96,222 | 576,174 | |||||||||
Hartford Ultrashort Bond HLS Fund (Class IA) | 4,300 | 774,920 | |||||||||
Invesco V.I. American Value Fund (Series I) | — | 2,966 | |||||||||
Invesco V.I. Diversified Dividend Fund (Series I) | — | 87,068 | |||||||||
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | — | 11,997 | |||||||||
Invesco V.I. Equity and Income Fund (Series I) | — | 33,014 | |||||||||
Invesco V.I. Growth and Income Fund (Series I) | — | 3,321 | |||||||||
Invesco V.I. High Yield Fund (Series I) | — | 300 |
SA-42 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
4. Purchases and Sales of Investments (continued): |
Sub-Account | Purchases at Cost | Proceeds from Sales | |||||||||
Putnam VT Mortgage Securities Fund (Class IA) | $ | 3,704 | $ | 5,463 | |||||||
Putnam VT Diversified Income Fund (Class IA) | 91,205 | 121,785 | |||||||||
Putnam VT Large Cap Value Fund (Class IA) | — | 2,263,548 | |||||||||
Putnam VT Global Asset Allocation Fund (Class IA) | 107,592 | 436,957 | |||||||||
Putnam VT Focused International Equity Fund (Class IA) | 14,813 | 254,555 | |||||||||
Putnam VT Global Health Care Fund (Class IA) | — | 265,202 | |||||||||
Putnam VT Large Cap Growth Fund (Class IA) | 31,321 | 873,973 | |||||||||
Putnam VT High Yield Fund (Class IA) | 6,542 | 59,408 | |||||||||
Putnam VT Income Fund (Class IA) | 462 | 76,050 | |||||||||
Putnam VT International Equity Fund (Class IA) | 1,035 | 54,082 | |||||||||
Putnam VT Emerging Markets Equity Fund (Class IA) | 47,980 | 219,550 | |||||||||
Putnam VT International Value Fund (Class IA) | — | 49,125 | |||||||||
Putnam VT Core Equity Fund (Class IA) | 255,647 | 354,405 | |||||||||
Putnam VT Government Money Market Fund (Class IA) | 4,484,493 | 2,361,654 | |||||||||
Putnam VT Sustainable Leaders Fund (Class IA) | 107,628 | 2,228,018 | |||||||||
Putnam VT Research Fund (Class IA) | 155,516 | 382,003 | |||||||||
Putnam VT Small Cap Value Fund (Class IA) | 17,302 | 137,606 | |||||||||
Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) | 37,077 | 532,371 | |||||||||
Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | — | 765 | |||||||||
Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | — | 222 | |||||||||
Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | — | 1,251 | |||||||||
Morgan Stanley VIF Growth Portfolio (Class I) | — | 229,682 | |||||||||
PSF PGIM Government Money Market Portfolio (Class I) | 477,032 | 19,917 | |||||||||
BlackRock S&P 500 Index V.I. Fund (Class I) | 26,252 | 1,251,591 |
Sub-Account | Units Issued | Units Redeemed | Net Increase (Decrease) | ||||||||||||||
Fidelity® VIP Government Money Market Portfolio (Service Class) | 1,549,573 | 1,592,630 | (43,057) | ||||||||||||||
Putnam VT George Putnam Balanced Fund (Class IA) | — | 3,857 | (3,857) | ||||||||||||||
Hartford Balanced HLS Fund (Class IA) | 5,222 | 585,097 | (579,875) | ||||||||||||||
Hartford Capital Appreciation HLS Fund (Class IA) | 6,799 | 356,387 | (349,588) | ||||||||||||||
Hartford Disciplined Equity HLS Fund (Class IA) | 12,068 | 256,876 | (244,808) | ||||||||||||||
Hartford Dividend and Growth HLS Fund (Class IA) | 8,693 | 235,111 | (226,418) | ||||||||||||||
Hartford Healthcare HLS Fund (Class IA) | 36 | 23,454 | (23,418) | ||||||||||||||
Hartford International Opportunities HLS Fund (Class IA) | 16,473 | 93,237 | (76,764) | ||||||||||||||
Hartford MidCap HLS Fund (Class IA) | 1,571 | 98,341 | (96,770) | ||||||||||||||
Hartford Small Company HLS Fund (Class IA) | 4,157 | 59,775 | (55,618) | ||||||||||||||
Hartford Stock HLS Fund (Class IA) | 5,290 | 239,661 | (234,371) | ||||||||||||||
Hartford Total Return Bond HLS Fund (Class IA) | 25,156 | 150,851 | (125,695) |
SA-43 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
5. Changes in Units Outstanding (continued): |
Sub-Account | Units Issued | Units Redeemed | Net Increase (Decrease) | ||||||||||||||
Hartford Ultrashort Bond HLS Fund (Class IA) | 2,316 | 411,440 | (409,124) | ||||||||||||||
Invesco V.I. American Value Fund (Series I) | — | 47 | (47) | ||||||||||||||
Invesco V.I. Diversified Dividend Fund (Series I) | — | 2,931 | (2,931) | ||||||||||||||
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | — | 110 | (110) | ||||||||||||||
Invesco V.I. Equity and Income Fund (Series I) | — | 1,284 | (1,284) | ||||||||||||||
Invesco V.I. Growth and Income Fund (Series I) | — | 61 | (61) | ||||||||||||||
Invesco V.I. High Yield Fund (Series I) | — | 19 | (19) | ||||||||||||||
Putnam VT Mortgage Securities Fund (Class IA) | 168 | 248 | (80) | ||||||||||||||
Putnam VT Diversified Income Fund (Class IA) | 2,447 | 3,246 | (799) | ||||||||||||||
Putnam VT Large Cap Value Fund (Class IA) | — | 36,217 | (36,217) | ||||||||||||||
Putnam VT Global Asset Allocation Fund (Class IA) | 1,549 | 6,312 | (4,763) | ||||||||||||||
Putnam VT Focused International Equity Fund (Class IA) | 280 | 4,681 | (4,401) | ||||||||||||||
Putnam VT Global Health Care Fund (Class IA) | — | 4,182 | (4,182) | ||||||||||||||
Putnam VT Large Cap Growth Fund (Class IA) | 1,175 | 31,493 | (30,318) | ||||||||||||||
Putnam VT High Yield Fund (Class IA) | 125 | 1,122 | (997) | ||||||||||||||
Putnam VT Income Fund (Class IA) | 13 | 2,052 | (2,039) | ||||||||||||||
Putnam VT International Equity Fund (Class IA) | 24 | 1,284 | (1,260) | ||||||||||||||
Putnam VT Emerging Markets Equity Fund (Class IA) | 1,563 | 7,373 | (5,810) | ||||||||||||||
Putnam VT International Value Fund (Class IA) | — | 1,234 | (1,234) | ||||||||||||||
Putnam VT Core Equity Fund (Class IA) | 5,167 | 7,220 | (2,053) | ||||||||||||||
Putnam VT Government Money Market Fund (Class IA) | 2,417,638 | 1,283,629 | 1,134,009 | ||||||||||||||
Putnam VT Sustainable Leaders Fund (Class IA) | 862 | 17,110 | (16,248) | ||||||||||||||
Putnam VT Research Fund (Class IA) | 2,295 | 5,692 | (3,397) | ||||||||||||||
Putnam VT Small Cap Value Fund (Class IA) | 198 | 1,669 | (1,471) | ||||||||||||||
Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) | 1,488 | 21,650 | (20,162) | ||||||||||||||
Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | — | 22 | (22) | ||||||||||||||
Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | — | 9 | (9) | ||||||||||||||
Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | — | 77 | (77) | ||||||||||||||
Morgan Stanley VIF Growth Portfolio (Class I) | — | 6,897 | (6,897) | ||||||||||||||
PSF PGIM Government Money Market Portfolio (Class I) | 43,873 | 1,839 | 42,034 | ||||||||||||||
BlackRock S&P 500 Index V.I. Fund (Class I) | 1,556 | 71,009 | (69,453) |
Sub-Account | Units Issued | Units Redeemed | Net Increase (Decrease) | ||||||||||||||
Fidelity® VIP Government Money Market Portfolio (Service Class) | 1,783,503 | 1,967,661 | (184,158) | ||||||||||||||
Putnam VT George Putnam Balanced Fund (Class IA) | 13,643 | 18,195 | (4,552) | ||||||||||||||
Hartford Balanced HLS Fund (Class IA) | 21,697 | 699,286 | (677,589) | ||||||||||||||
Hartford Capital Appreciation HLS Fund (Class IA) | 4,851 | 383,646 | (378,795) | ||||||||||||||
Hartford Disciplined Equity HLS Fund (Class IA) | 12,493 | 292,010 | (279,517) | ||||||||||||||
Hartford Dividend and Growth HLS Fund (Class IA) | 18,568 | 242,379 | (223,811) |
SA-44 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
5. Changes in Units Outstanding (continued): |
Sub-Account | Units Issued | Units Redeemed | Net Increase (Decrease) | ||||||||||||||
Hartford Healthcare HLS Fund (Class IA) | 1 | 55,731 | (55,730) | ||||||||||||||
Hartford International Opportunities HLS Fund (Class IA) | 3,579 | 210,809 | (207,230) | ||||||||||||||
Hartford MidCap HLS Fund (Class IA) | 6,502 | 112,702 | (106,200) | ||||||||||||||
Hartford Small Company HLS Fund (Class IA) | 807 | 97,201 | (96,394) | ||||||||||||||
Hartford Stock HLS Fund (Class IA) | 15,192 | 349,637 | (334,445) | ||||||||||||||
Hartford Total Return Bond HLS Fund (Class IA) | 8,459 | 412,614 | (404,155) | ||||||||||||||
Hartford Ultrashort Bond HLS Fund (Class IA) | 22,192 | 571,807 | (549,615) | ||||||||||||||
Invesco V.I. American Value Fund (Series I) | — | 607 | (607) | ||||||||||||||
Invesco V.I. Diversified Dividend Fund (Series I) | — | 1,442 | (1,442) | ||||||||||||||
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | — | 11,300 | (11,300) | ||||||||||||||
Invesco V.I. Equity and Income Fund (Series I) | — | 65 | (65) | ||||||||||||||
Invesco V.I. Growth and Income Fund (Series I) | — | 1,465 | (1,465) | ||||||||||||||
Invesco V.I. High Yield Fund (Series I) | — | 19 | (19) | ||||||||||||||
Putnam VT Mortgage Securities Fund (Class IA) | — | 642 | (642) | ||||||||||||||
Putnam VT Diversified Income Fund (Class IA) | 1,589 | 6,693 | (5,104) | ||||||||||||||
Putnam VT Large Cap Value Fund (Class IA) | 4,537 | 36,503 | (31,966) | ||||||||||||||
Putnam VT Global Asset Allocation Fund (Class IA) | — | 10,887 | (10,887) | ||||||||||||||
Putnam VT Focused International Equity Fund (Class IA) | 936 | 9,521 | (8,585) | ||||||||||||||
Putnam VT Global Health Care Fund (Class IA) | — | 176 | (176) | ||||||||||||||
Putnam VT Large Cap Growth Fund (Class IA) | 7,339 | 86,138 | (78,799) | ||||||||||||||
Putnam VT High Yield Fund (Class IA) | 1,132 | 7,404 | (6,272) | ||||||||||||||
Putnam VT Income Fund (Class IA) | 1,010 | 6,267 | (5,257) | ||||||||||||||
Putnam VT International Equity Fund (Class IA) | 52 | 2,019 | (1,967) | ||||||||||||||
Putnam VT Emerging Markets Equity Fund (Class IA) | — | 3,477 | (3,477) | ||||||||||||||
Putnam VT International Value Fund (Class IA) | — | 1,528 | (1,528) | ||||||||||||||
Putnam VT Core Equity Fund (Class IA) | 616 | 1,912 | (1,296) | ||||||||||||||
Putnam VT Government Money Market Fund (Class IA) | 2,802,037 | 2,965,135 | (163,098) | ||||||||||||||
Putnam VT Sustainable Leaders Fund (Class IA) | 616 | 8,361 | (7,745) | ||||||||||||||
Putnam VT Research Fund (Class IA) | 54 | 1,791 | (1,737) | ||||||||||||||
Putnam VT Small Cap Value Fund (Class IA) | 7 | 1,076 | (1,069) | ||||||||||||||
Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) | 42,983 | 44,482 | (1,499) | ||||||||||||||
Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | — | 76 | (76) | ||||||||||||||
Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | — | 674 | (674) | ||||||||||||||
Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | — | 350 | (350) | ||||||||||||||
Morgan Stanley VIF Growth Portfolio (Class I) | — | 2,233 | (2,233) | ||||||||||||||
PSF PGIM Government Money Market Portfolio (Class I) | — | 3,011 | (3,011) | ||||||||||||||
BlackRock S&P 500 Index V.I. Fund (Class I) | 1,031 | 59,963 | (58,932) |
SA-45 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
6. Financial Highlights (continued): |
Sub-Account | Units # | Unit Fair Value Lowest to Highest # | Net Assets | Expense Ratio Lowest to Highest* | Investment Income Ratio Lowest to Highest** | Total Return Ratio Lowest to Highest*** | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fidelity® VIP Government Money Market Portfolio (Service Class) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 384,671 | $ | 11.10 | to | $ | 11.10 | $ | 4,270,344 | — | % | to | — | % | 4.69% | to | 4.69% | 4.79% | to | 4.79% | ||||||||||||||||||||||||||||||||||||||||||||||
2022 | 427,728 | 10.59 | to | 10.59 | 4,531,206 | — | to | — | 1.49 | to | 1.49 | 1.36 | to | 1.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 611,886 | 10.45 | to | 10.45 | 6,395,200 | — | to | — | 0.01 | to | 0.01 | 0.01 | to | 0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 551,403 | 10.45 | to | 10.45 | 5,762,761 | — | to | — | 0.25 | to | 0.25 | 0.28 | to | 0.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 488,700 | 10.42 | to | 10.42 | 5,093,292 | — | to | — | 1.83 | to | 1.83 | 1.92 | to | 1.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT George Putnam Balanced Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 22,295 | 39.86 | to | 39.86 | 888,790 | — | to | — | 1.47 | to | 1.47 | 20.26 | to | 20.26 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 26,152 | 33.15 | to | 33.15 | 866,869 | — | to | — | 1.17 | to | 1.17 | (15.82) | to | (15.82) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 30,704 | 39.38 | to | 39.38 | 1,208,993 | — | to | — | 1.03 | to | 1.03 | 14.28 | to | 14.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 30,679 | 34.45 | to | 34.45 | 1,057,027 | — | to | — | 1.37 | to | 1.37 | 15.61 | to | 15.61 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 32,740 | 29.80 | to | 29.80 | 975,716 | — | to | — | 1.61 | to | 1.61 | 24.35 | to | 24.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Balanced HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 3,424,812 | 9.31 | to | 9.31 | 31,901,539 | — | to | — | 1.82 | to | 1.82 | 14.78 | to | 14.78 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 4,004,687 | 8.12 | to | 8.12 | 32,499,877 | — | to | — | 1.73 | to | 1.73 | (13.42) | to | (13.42) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 4,682,276 | 9.37 | to | 9.37 | 43,891,043 | — | to | — | 0.98 | to | 0.98 | 19.64 | to | 19.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 5,490,074 | 7.83 | to | 7.83 | 43,013,903 | — | to | — | 1.66 | to | 1.66 | 11.62 | to | 11.62 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 6,332,820 | 7.02 | to | 7.02 | 44,452,784 | — | to | — | 1.84 | to | 1.84 | 22.80 | to | 22.80 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Capital Appreciation HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2,024,256 | 22.50 | to | 22.50 | 45,545,200 | — | to | — | 0.84 | to | 0.84 | 20.00 | to | 20.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2,373,844 | 18.75 | to | 18.75 | 44,509,129 | — | to | — | 0.90 | to | 0.90 | (15.30) | to | (15.30) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2,752,639 | 22.14 | to | 22.14 | 60,933,171 | — | to | — | 0.46 | to | 0.46 | 14.76 | to | 14.76 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 3,194,091 | 19.29 | to | 19.29 | 61,610,503 | — | to | — | 0.93 | to | 0.93 | 21.91 | to | 21.91 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 3,831,411 | 15.82 | to | 15.82 | 60,619,052 | — | to | — | 1.18 | to | 1.18 | 31.28 | to | 31.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Disciplined Equity HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 1,146,757 | 7.40 | to | 7.40 | 8,482,913 | — | to | — | 0.79 | to | 0.79 | 21.24 | to | 21.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 1,391,565 | 6.10 | to | 6.10 | 8,490,120 | — | to | — | 0.94 | to | 0.94 | (18.96) | to | (18.96) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 1,671,082 | 7.53 | to | 7.53 | 12,580,592 | — | to | — | 0.54 | to | 0.54 | 25.52 | to | 25.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 1,960,578 | 6.00 | to | 6.00 | 11,759,450 | — | to | — | 0.57 | to | 0.57 | 18.04 | to | 18.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 854,051 | 5.08 | to | 5.08 | 4,339,638 | — | to | — | 0.90 | to | 0.90 | 34.12 | to | 34.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Dividend and Growth HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 1,415,123 | 19.18 | to | 19.18 | 27,140,694 | — | to | — | 1.51 | to | 1.51 | 14.18 | to | 14.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 1,641,541 | 16.80 | to | 16.80 | 27,574,325 | — | to | — | 1.64 | to | 1.64 | (8.93) | to | (8.93) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 1,865,352 | 18.45 | to | 18.45 | 34,407,911 | — | to | — | 1.25 | to | 1.25 | 32.00 | to | 32.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 2,219,082 | 13.97 | to | 13.97 | 31,010,478 | — | to | — | 1.83 | to | 1.83 | 7.77 | to | 7.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 2,697,468 | 12.97 | to | 12.97 | 34,978,200 | — | to | — | 1.90 | to | 1.90 | 28.60 | to | 28.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Healthcare HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 153,636 | 12.74 | to | 12.74 | 1,957,471 | — | to | — | 0.48 | to | 0.48 | 4.11 | to | 4.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 177,054 | 12.24 | to | 12.24 | 2,166,857 | — | to | — | — | to | — | (11.24) | to | (11.24) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 232,784 | 13.79 | to | 13.79 | 3,209,547 | — | to | — | 0.22 | to | 0.22 | 10.01 | to | 10.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 292,313 | 12.53 | to | 12.53 | 3,663,471 | — | to | — | 0.49 | to | 0.49 | 23.10 | to | 23.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 303,454 | 10.18 | to | 10.18 | 3,089,445 | — | to | — | — | to | — | 33.95 | to | 33.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford International Opportunities HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 975,049 | 5.52 | to | 5.52 | 5,386,843 | — | to | — | 1.18 | to | 1.18 | 11.72 | to | 11.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 1,051,813 | 4.95 | to | 4.95 | 5,201,518 | — | to | — | 1.60 | to | 1.60 | (18.14) | to | (18.14) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 1,259,043 | 6.04 | to | 6.04 | 7,606,392 | — | to | — | 1.01 | to | 1.01 | 7.82 | to | 7.82 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 1,454,452 | 5.60 | to | 5.60 | 8,149,864 | — | to | — | 1.92 | to | 1.92 | 20.45 | to | 20.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 1,662,139 | 4.65 | to | 4.65 | 7,732,471 | — | to | — | 1.85 | to | 1.85 | 26.43 | to | 26.43 |
SA-46 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
6. Financial Highlights (continued): |
Sub-Account | Units # | Unit Fair Value Lowest to Highest # | Net Assets | Expense Ratio Lowest to Highest* | Investment Income Ratio Lowest to Highest** | Total Return Ratio Lowest to Highest*** | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford MidCap HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 608,807 | $ | 18.62 | to | $ | 18.62 | $ | 11,337,749 | — | % | to | — | % | 0.04% | to | 0.04% | 14.87% | to | 14.87% | ||||||||||||||||||||||||||||||||||||||||||||||
2022 | 705,577 | 16.21 | to | 16.21 | 11,438,512 | — | to | — | 0.89 | to | 0.89 | (24.30) | to | (24.30) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 811,777 | 21.42 | to | 21.42 | 17,385,108 | — | to | — | — | to | — | 9.91 | to | 9.91 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 943,136 | 19.49 | to | 19.49 | 18,377,476 | — | to | — | 0.05 | to | 0.05 | 25.10 | to | 25.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 1,067,379 | 15.58 | to | 15.58 | 16,624,769 | — | to | — | 0.17 | to | 0.17 | 32.87 | to | 32.87 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Small Company HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 520,438 | 10.01 | to | 10.01 | 5,207,588 | — | to | — | — | to | — | 16.74 | to | 16.74 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 576,056 | 8.57 | to | 8.57 | 4,937,570 | — | to | — | — | to | — | (30.94) | to | (30.94) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 672,450 | 12.41 | to | 12.41 | 8,345,587 | — | to | — | — | to | — | 1.56 | to | 1.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 794,840 | 12.22 | to | 12.22 | 9,712,929 | — | to | — | — | to | — | 55.52 | to | 55.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 877,751 | 7.86 | to | 7.86 | 6,897,099 | — | to | — | — | to | — | 37.00 | to | 37.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Stock HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 1,859,975 | 14.34 | to | 14.34 | 26,673,982 | — | to | — | 1.29 | to | 1.29 | 7.72 | to | 7.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2,094,346 | 13.31 | to | 13.31 | 27,883,457 | — | to | — | 1.56 | to | 1.56 | (5.14) | to | (5.14) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2,428,791 | 14.03 | to | 14.03 | 34,087,132 | — | to | — | 1.18 | to | 1.18 | 24.98 | to | 24.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 2,859,276 | 11.23 | to | 11.23 | 32,108,417 | — | to | — | 1.63 | to | 1.63 | 12.08 | to | 12.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 3,283,338 | 10.02 | to | 10.02 | 32,897,598 | — | to | — | 1.60 | to | 1.60 | 31.22 | to | 31.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Total Return Bond HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 1,764,129 | 4.01 | to | 4.01 | 7,069,339 | — | to | — | 3.42 | to | 3.42 | 6.97 | to | 6.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 1,889,824 | 3.75 | to | 3.75 | 7,079,641 | — | to | — | 2.90 | to | 2.90 | (14.21) | to | (14.21) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2,293,979 | 4.37 | to | 4.37 | 10,017,485 | — | to | — | 2.40 | to | 2.40 | (0.95) | to | (0.95) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 2,506,744 | 4.41 | to | 4.41 | 11,051,181 | — | to | — | 3.61 | to | 3.61 | 9.03 | to | 9.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 2,023,001 | 4.04 | to | 4.04 | 8,180,206 | — | to | — | 3.86 | to | 3.86 | 10.65 | to | 10.65 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Hartford Ultrashort Bond HLS Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2,119,451 | 1.93 | to | 1.93 | 4,081,151 | — | to | — | 1.28 | to | 1.28 | 5.18 | to | 5.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2,528,575 | 1.83 | to | 1.83 | 4,629,063 | — | to | — | 0.22 | to | 0.22 | (0.17) | to | (0.17) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 3,078,190 | 1.83 | to | 1.83 | 5,644,817 | — | to | — | 0.76 | to | 0.76 | (0.19) | to | (0.19) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 3,145,234 | 1.84 | to | 1.84 | 5,778,519 | — | to | — | 2.15 | to | 2.15 | 1.44 | to | 1.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 2,261,022 | 1.81 | to | 1.81 | 4,094,960 | — | to | — | 1.91 | to | 1.91 | 2.81 | to | 2.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco V.I. American Value Fund (Series I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2,507 | 71.04 | to | 71.04 | 178,091 | — | to | — | 0.65 | to | 0.65 | 15.60 | to | 15.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2,554 | 61.45 | to | 61.45 | 156,954 | — | to | — | 0.72 | to | 0.72 | (2.61) | to | (2.61) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 3,161 | 63.10 | to | 63.10 | 199,453 | — | to | — | 0.45 | to | 0.45 | 27.95 | to | 27.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 3,220 | 49.32 | to | 49.32 | 158,790 | — | to | — | 0.69 | to | 0.69 | 1.12 | to | 1.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 5,317 | 48.77 | to | 48.77 | 259,297 | — | to | — | 0.71 | to | 0.71 | 25.03 | to | 25.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco V.I. Diversified Dividend Fund (Series I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 26,984 | 32.35 | to | 32.35 | 872,804 | — | to | — | 1.97 | to | 1.97 | 9.04 | to | 9.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 29,915 | 29.66 | to | 29.66 | 887,359 | — | to | — | 1.87 | to | 1.87 | (1.68) | to | (1.68) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 31,357 | 30.17 | to | 30.17 | 946,032 | — | to | — | 2.15 | to | 2.15 | 18.89 | to | 18.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 32,545 | 25.38 | to | 25.38 | 825,825 | — | to | — | 3.01 | to | 3.01 | 0.14 | to | 0.14 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 35,915 | 25.34 | to | 25.34 | 910,069 | — | to | — | 2.75 | to | 2.75 | 25.09 | to | 25.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco V.I. Equally-Weighted S&P 500 Fund (Series I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 6,517 | 118.44 | to | 118.44 | 771,867 | — | to | — | 1.39 | to | 1.39 | 13.71 | to | 13.71 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 6,627 | 104.16 | to | 104.16 | 690,277 | — | to | — | 0.65 | to | 0.65 | (11.81) | to | (11.81) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 17,927 | 118.10 | to | 118.10 | 2,117,191 | — | to | — | 1.19 | to | 1.19 | 29.17 | to | 29.17 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 18,249 | 91.43 | to | 91.43 | 1,668,463 | — | to | — | 1.47 | to | 1.47 | 12.74 | to | 12.74 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 19,028 | 81.09 | to | 81.09 | 1,542,991 | — | to | — | 1.64 | to | 1.64 | 28.79 | to | 28.79 |
SA-47 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
6. Financial Highlights (continued): |
Sub-Account | Units # | Unit Fair Value Lowest to Highest # | Net Assets | Expense Ratio Lowest to Highest* | Investment Income Ratio Lowest to Highest** | Total Return Ratio Lowest to Highest*** | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco V.I. Equity and Income Fund (Series I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2,300 | $ | 27.00 | to | $ | 27.00 | $ | 62,089 | — | % | to | — | % | 1.59% | to | 1.59% | 10.56% | to | 10.56% | ||||||||||||||||||||||||||||||||||||||||||||||
2022 | 3,584 | 24.42 | to | 24.42 | 87,528 | — | to | — | 1.75 | to | 1.75 | (7.51) | to | (7.51) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 3,649 | 26.40 | to | 26.40 | 96,328 | — | to | — | 1.87 | to | 1.87 | 18.65 | to | 18.65 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 3,711 | 22.25 | to | 22.25 | 82,584 | — | to | — | 2.52 | to | 2.52 | 9.95 | to | 9.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 3,777 | 20.24 | to | 20.24 | 76,443 | — | to | — | 2.59 | to | 2.59 | 20.36 | to | 20.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco V.I. Growth and Income Fund (Series I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 3,495 | 59.46 | to | 59.46 | 207,834 | — | to | — | 1.64 | to | 1.64 | 12.66 | to | 12.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 3,556 | 52.78 | to | 52.78 | 187,698 | — | to | — | 1.35 | to | 1.35 | (5.75) | to | (5.75) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 5,021 | 56.00 | to | 56.00 | 281,158 | — | to | — | 1.57 | to | 1.57 | 28.51 | to | 28.51 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 5,105 | 43.58 | to | 43.58 | 222,479 | — | to | — | 1.60 | to | 1.60 | 2.09 | to | 2.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 10,399 | 42.68 | to | 42.68 | 443,857 | — | to | — | 1.86 | to | 1.86 | 25.19 | to | 25.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco V.I. High Yield Fund (Series I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 1,289 | 16.94 | to | 16.94 | 21,833 | — | to | — | 5.31 | to | 5.31 | 10.17 | to | 10.17 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 1,308 | 15.37 | to | 15.37 | 20,106 | — | to | — | 4.68 | to | 4.68 | (9.55) | to | (9.55) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 1,327 | 17.00 | to | 17.00 | 22,554 | — | to | — | 4.77 | to | 4.77 | 4.38 | to | 4.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 1,346 | 16.28 | to | 16.28 | 21,922 | — | to | — | 5.15 | to | 5.15 | 3.32 | to | 3.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 2,266 | 15.76 | to | 15.76 | 35,714 | — | to | — | 5.89 | to | 5.89 | 13.51 | to | 13.51 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Mortgage Securities Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 14,278 | 23.25 | to | 23.25 | 331,936 | — | to | — | 15.92 | to | 15.92 | 5.44 | to | 5.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 14,358 | 22.05 | to | 22.05 | 316,573 | — | to | — | 9.27 | to | 9.27 | (9.82) | to | (9.82) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 15,000 | 24.45 | to | 24.45 | 366,775 | — | to | — | — | to | — | (3.43) | to | (3.43) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 16,952 | 25.32 | to | 25.32 | 429,204 | — | to | — | 10.56 | to | 10.56 | (1.28) | to | (1.28) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 36,293 | 25.65 | to | 25.65 | 930,798 | — | to | — | 2.46 | to | 2.46 | 13.36 | to | 13.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Diversified Income Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 21,479 | 39.04 | to | 39.04 | 838,624 | — | to | — | 6.30 | to | 6.30 | 5.01 | to | 5.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 22,278 | 37.18 | to | 37.18 | 828,335 | — | to | — | 7.32 | to | 7.32 | (2.06) | to | (2.06) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 27,382 | 37.97 | to | 37.97 | 1,039,564 | — | to | — | 0.93 | to | 0.93 | (6.73) | to | (6.73) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 28,529 | 40.70 | to | 40.70 | 1,161,283 | — | to | — | 8.00 | to | 8.00 | (0.76) | to | (0.76) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 33,913 | 41.02 | to | 41.02 | 1,390,936 | — | to | — | 3.71 | to | 3.71 | 11.56 | to | 11.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Large Cap Value Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 180,183 | 69.01 | to | 69.01 | 12,434,223 | — | to | — | 2.26 | to | 2.26 | 15.92 | to | 15.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 216,400 | 59.53 | to | 59.53 | 12,882,427 | — | to | — | 1.75 | to | 1.75 | (2.87) | to | (2.87) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 248,366 | 61.29 | to | 61.29 | 15,221,908 | — | to | — | 1.39 | to | 1.39 | 27.62 | to | 27.62 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 275,674 | 48.02 | to | 48.02 | 13,239,176 | — | to | — | 1.97 | to | 1.97 | 6.06 | to | 6.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 304,019 | 45.28 | to | 45.28 | 13,766,619 | — | to | — | 2.27 | to | 2.27 | 30.73 | to | 30.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Global Asset Allocation Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 26,735 | 75.43 | to | 75.43 | 2,016,707 | — | to | — | 1.85 | to | 1.85 | 17.78 | to | 17.78 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 31,498 | 64.05 | to | 64.05 | 2,017,343 | — | to | — | 1.72 | to | 1.72 | (15.82) | to | (15.82) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 42,385 | 76.08 | to | 76.08 | 3,224,657 | — | to | — | 0.94 | to | 0.94 | 14.25 | to | 14.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 50,053 | 66.59 | to | 66.59 | 3,333,075 | — | to | — | 2.12 | to | 2.12 | 12.58 | to | 12.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 53,398 | 59.15 | to | 59.15 | 3,158,376 | — | to | — | 1.76 | to | 1.76 | 17.42 | to | 17.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Focused International Equity Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 41,733 | 59.50 | to | 59.50 | 2,483,023 | — | to | — | 0.93 | to | 0.93 | 19.56 | to | 19.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 46,134 | 49.77 | to | 49.77 | 2,295,878 | — | to | — | 2.13 | to | 2.13 | (17.99) | to | (17.99) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 54,719 | 60.68 | to | 60.68 | 3,320,559 | — | to | — | 0.99 | to | 0.99 | 12.84 | to | 12.84 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 62,774 | 53.78 | to | 53.78 | 3,375,865 | — | to | — | 0.39 | to | 0.39 | 10.32 | to | 10.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 68,399 | 48.75 | to | 48.75 | 3,334,386 | — | to | — | 0.00 (1) | to | 0.00 (1) | 26.92 | to | 26.92 |
SA-48 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
6. Financial Highlights (continued): |
Sub-Account | Units # | Unit Fair Value Lowest to Highest # | Net Assets | Expense Ratio Lowest to Highest* | Investment Income Ratio Lowest to Highest** | Total Return Ratio Lowest to Highest*** | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Global Health Care Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 5,861 | $ | 70.07 | to | $ | 70.07 | $ | 410,677 | — | % | to | — | % | 0.55% | to | 0.55% | 9.39% | to | 9.39% | ||||||||||||||||||||||||||||||||||||||||||||||
2022 | 10,043 | 64.06 | to | 64.06 | 643,362 | — | to | — | 0.63 | to | 0.63 | (4.44) | to | (4.44) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 10,219 | 67.03 | to | 67.03 | 685,017 | — | to | — | 1.22 | to | 1.22 | 19.77 | to | 19.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 9,928 | 55.97 | to | 55.97 | 555,654 | — | to | — | 0.69 | to | 0.69 | 16.47 | to | 16.47 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 10,102 | 48.05 | to | 48.05 | 485,429 | — | to | — | 0.24 | to | 0.24 | 30.58 | to | 30.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Large Cap Growth Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 294,133 | 33.63 | to | 33.63 | 9,890,450 | — | to | — | — | to | — | 44.89 | to | 44.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 324,451 | 23.21 | to | 23.21 | 7,530,018 | — | to | — | — | to | — | (30.36) | to | (30.36) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 403,250 | 33.33 | to | 33.33 | 13,439,521 | — | to | — | — | to | — | 23.00 | to | 23.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 459,067 | 27.10 | to | 27.10 | 12,438,742 | — | to | — | 0.24 | to | 0.24 | 39.09 | to | 39.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 496,129 | 19.48 | to | 19.48 | 9,665,180 | — | to | — | 0.36 | to | 0.36 | 37.11 | to | 37.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT High Yield Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 13,737 | 57.17 | to | 57.17 | 785,369 | — | to | — | 5.60 | to | 5.60 | 12.29 | to | 12.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 14,734 | 50.91 | to | 50.91 | 750,189 | — | to | — | 5.76 | to | 5.76 | (11.37) | to | (11.37) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 21,006 | 57.45 | to | 57.45 | 1,206,729 | — | to | — | 4.91 | to | 4.91 | 5.20 | to | 5.20 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 22,358 | 54.61 | to | 54.61 | 1,220,948 | — | to | — | 5.84 | to | 5.84 | 5.50 | to | 5.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 25,396 | 51.76 | to | 51.76 | 1,314,512 | — | to | — | 6.13 | to | 6.13 | 14.55 | to | 14.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Income Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 33,167 | 38.74 | to | 38.74 | 1,284,753 | — | to | — | 6.00 | to | 6.00 | 4.96 | to | 4.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 35,206 | 36.91 | to | 36.91 | 1,299,304 | — | to | — | 5.95 | to | 5.95 | (13.48) | to | (13.48) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 40,463 | 42.66 | to | 42.66 | 1,726,062 | — | to | — | 1.70 | to | 1.70 | (4.44) | to | (4.44) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 42,937 | 44.64 | to | 44.64 | 1,916,643 | — | to | — | 4.99 | to | 4.99 | 6.01 | to | 6.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 48,875 | 42.11 | to | 42.11 | 2,057,978 | — | to | — | 3.40 | to | 3.40 | 12.25 | to | 12.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT International Equity Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 10,656 | 45.98 | to | 45.98 | 489,942 | — | to | — | 0.27 | to | 0.27 | 18.86 | to | 18.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 11,916 | 38.69 | to | 38.69 | 460,956 | — | to | — | 1.92 | to | 1.92 | (14.58) | to | (14.58) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 13,883 | 45.29 | to | 45.29 | 628,755 | — | to | — | 1.37 | to | 1.37 | 9.09 | to | 9.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 14,828 | 41.52 | to | 41.52 | 615,592 | — | to | — | 1.86 | to | 1.86 | 12.35 | to | 12.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 16,546 | 36.95 | to | 36.95 | 611,392 | — | to | — | 1.63 | to | 1.63 | 25.55 | to | 25.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Emerging Markets Equity Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 13,182 | 31.35 | to | 31.35 | 413,225 | — | to | — | 0.77 | to | 0.77 | 11.90 | to | 11.90 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 18,992 | 28.01 | to | 28.01 | 532,047 | — | to | — | — | to | — | (27.32) | to | (27.32) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 22,469 | 38.54 | to | 38.54 | 865,988 | — | to | — | 0.70 | to | 0.70 | (3.94) | to | (3.94) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 23,988 | 40.12 | to | 40.12 | 962,509 | — | to | — | 0.28 | to | 0.28 | 28.25 | to | 28.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 27,923 | 31.29 | to | 31.29 | 873,587 | — | to | — | — | to | — | 25.21 | to | 25.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT International Value Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 6,226 | 43.03 | to | 43.03 | 267,892 | — | to | — | 1.70 | to | 1.70 | 19.08 | to | 19.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 7,460 | 36.14 | to | 36.14 | 269,590 | — | to | — | 2.32 | to | 2.32 | (6.70) | to | (6.70) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 8,988 | 38.73 | to | 38.73 | 348,079 | — | to | — | 2.19 | to | 2.19 | 15.28 | to | 15.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 9,688 | 33.60 | to | 33.60 | 325,473 | — | to | — | 2.74 | to | 2.74 | 4.23 | to | 4.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 10,571 | 32.23 | to | 32.23 | 340,722 | — | to | — | 2.91 | to | 2.91 | 20.44 | to | 20.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Core Equity Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 19,547 | 54.95 | to | 54.95 | 1,074,173 | — | to | — | 0.75 | to | 0.75 | 28.36 | to | 28.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 21,600 | 42.81 | to | 42.81 | 924,761 | — | to | — | 1.64 | to | 1.64 | (15.54) | to | (15.54) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 22,896 | 50.69 | to | 50.69 | 1,160,631 | — | to | — | 0.84 | to | 0.84 | 31.32 | to | 31.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 24,129 | 38.60 | to | 38.60 | 931,412 | — | to | — | 1.21 | to | 1.21 | 17.64 | to | 17.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 30,436 | 32.81 | to | 32.81 | 998,728 | — | to | — | 1.36 | to | 1.36 | 32.00 | to | 32.00 |
SA-49 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
6. Financial Highlights (continued): |
Sub-Account | Units # | Unit Fair Value Lowest to Highest # | Net Assets | Expense Ratio Lowest to Highest* | Investment Income Ratio Lowest to Highest** | Total Return Ratio Lowest to Highest*** | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Government Money Market Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 1,583,110 | $ | 1.88 | to | $ | 1.88 | $ | 2,980,364 | — | % | to | — | % | 4.63% | to | 4.63% | 4.69% | to | 4.69% | ||||||||||||||||||||||||||||||||||||||||||||||
2022 | 449,101 | 1.80 | to | 1.80 | 807,596 | — | to | — | 1.23 | to | 1.23 | 1.28 | to | 1.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 612,199 | 1.78 | to | 1.78 | 1,086,928 | — | to | — | 0.01 | to | 0.01 | 0.00(1) | to | 0.00(1) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 917,634 | 1.78 | to | 1.78 | 1,629,213 | — | to | — | 0.25 | to | 0.25 | 0.24 | to | 0.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 777,532 | 1.77 | to | 1.77 | 1,377,220 | — | to | — | 1.76 | to | 1.76 | 1.81 | to | 1.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Sustainable Leaders Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 49,731 | 139.74 | to | 139.74 | 6,949,613 | — | to | — | 0.75 | to | 0.75 | 26.42 | to | 26.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 65,979 | 110.54 | to | 110.54 | 7,293,500 | — | to | — | 0.84 | to | 0.84 | (22.72) | to | (22.72) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 73,724 | 143.04 | to | 143.04 | 10,545,530 | — | to | — | 0.34 | to | 0.34 | 23.84 | to | 23.84 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 79,998 | 115.51 | to | 115.51 | 9,240,289 | — | to | — | 0.63 | to | 0.63 | 29.06 | to | 29.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 89,162 | 89.50 | to | 89.50 | 7,979,558 | — | to | — | 0.68 | to | 0.68 | 36.72 | to | 36.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Research Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 4,960 | 75.76 | to | 75.76 | 375,781 | — | to | — | 1.04 | to | 1.04 | 29.21 | to | 29.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 8,357 | 58.63 | to | 58.63 | 489,995 | — | to | — | 0.82 | to | 0.82 | (17.10) | to | (17.10) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 10,094 | 70.72 | to | 70.72 | 713,882 | — | to | — | 0.29 | to | 0.29 | 24.45 | to | 24.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 10,947 | 56.83 | to | 56.83 | 622,139 | — | to | — | 0.86 | to | 0.86 | 20.23 | to | 20.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 13,063 | 47.27 | to | 47.27 | 617,501 | — | to | — | 1.39 | to | 1.39 | 33.59 | to | 33.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam VT Small Cap Value Fund (Class IA) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 4,930 | 97.69 | to | 97.69 | 481,586 | — | to | — | 0.45 | to | 0.45 | 24.13 | to | 24.13 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 6,401 | 78.69 | to | 78.69 | 503,762 | — | to | — | 0.46 | to | 0.46 | (12.80) | to | (12.80) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 7,470 | 90.25 | to | 90.25 | 674,149 | — | to | — | 0.90 | to | 0.90 | 40.23 | to | 40.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 8,031 | 64.36 | to | 64.36 | 516,865 | — | to | — | 1.40 | to | 1.40 | 4.23 | to | 4.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 10,458 | 61.75 | to | 61.75 | 645,753 | — | to | — | 0.93 | to | 0.93 | 24.53 | to | 24.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class I) (liquidated July 28, 2023) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | — | 24.58 | to | 24.58 | — | — | to | — | 4.23 | to | 4.23 | 2.65 | to | 2.65 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 20,162 | 23.95 | to | 23.95 | 482,868 | — | to | — | 2.67 | to | 2.67 | (14.33) | to | (14.33) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 21,661 | 27.96 | to | 27.96 | 605,565 | — | to | — | 3.93 | to | 3.93 | (0.32) | to | (0.32) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 22,041 | 28.05 | to | 28.05 | 618,187 | — | to | — | 2.80 | to | 2.80 | 7.80 | to | 7.80 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 24,764 | 26.02 | to | 26.02 | 644,304 | — | to | — | 3.80 | to | 3.80 | 10.88 | to | 10.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Morgan Stanley VIF Emerging Markets Debt Portfolio (Class I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 1,174 | 37.85 | to | 37.85 | 44,421 | — | to | — | 8.60 | to | 8.60 | 11.84 | to | 11.84 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 1,196 | 33.84 | to | 33.84 | 40,464 | — | to | — | 7.53 | to | 7.53 | (18.74) | to | (18.74) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 1,272 | 41.65 | to | 41.65 | 52,993 | — | to | — | 5.11 | to | 5.11 | (2.02) | to | (2.02) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 1,297 | 42.51 | to | 42.51 | 55,149 | — | to | — | 4.53 | to | 4.53 | 5.55 | to | 5.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 1,311 | 40.28 | to | 40.28 | 52,802 | — | to | — | 5.32 | to | 5.32 | 14.25 | to | 14.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Morgan Stanley VIF Emerging Markets Equity Portfolio (Class I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 514 | 26.43 | to | 26.43 | 13,578 | — | to | — | 1.62 | to | 1.62 | 11.97 | to | 11.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 523 | 23.60 | to | 23.60 | 12,338 | — | to | — | 0.29 | to | 0.29 | (25.08) | to | (25.08) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 1,197 | 31.50 | to | 31.50 | 37,701 | — | to | — | 0.83 | to | 0.83 | 2.99 | to | 2.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 1,218 | 30.59 | to | 30.59 | 37,271 | — | to | — | 1.38 | to | 1.38 | 14.44 | to | 14.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 1,241 | 26.73 | to | 26.73 | 33,161 | — | to | — | 1.07 | to | 1.07 | 19.59 | to | 19.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Morgan Stanley VIF Global Infrastructure Portfolio (Class I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 3,840 | 16.80 | to | 16.80 | 64,499 | — | to | — | 2.55 | to | 2.55 | 4.55 | to | 4.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 3,917 | 16.07 | to | 16.07 | 62,927 | — | to | — | 2.91 | to | 2.91 | (8.02) | to | (8.02) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 4,267 | 17.47 | to | 17.47 | 74,520 | — | to | — | 2.73 | to | 2.73 | 14.26 | to | 14.26 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 5,562 | 15.29 | to | 15.29 | 85,011 | — | to | — | 1.69 | to | 1.69 | (1.15) | to | (1.15) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 5,635 | 15.46 | to | 15.46 | 87,140 | — | to | — | 2.73 | to | 2.73 | 28.30 | to | 28.30 |
SA-50 | ||||||||
Separate Account Five | ||
Talcott Resolution Life and Annuity Insurance Company | ||
Notes to Financial Statements | ||
6. Financial Highlights (continued): |
Sub-Account | Units # | Unit Fair Value Lowest to Highest # | Net Assets | Expense Ratio Lowest to Highest* | Investment Income Ratio Lowest to Highest** | Total Return Ratio Lowest to Highest*** | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Morgan Stanley VIF Growth Portfolio (Class I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 31,385 | $ | 40.50 | to | $ | 40.50 | $ | 1,271,139 | — | % | to | — | % | —% | to | —% | 48.66% | to | 48.66% | ||||||||||||||||||||||||||||||||||||||||||||||
2022 | 38,282 | 27.24 | to | 27.24 | 1,042,952 | — | to | — | — | to | — | (60.07) | to | (60.07) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 40,515 | 68.22 | to | 68.22 | 2,764,092 | — | to | — | — | to | — | 0.10 | to | 0.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 42,949 | 68.15 | to | 68.15 | 2,927,111 | — | to | — | — | to | — | 117.31 | to | 117.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 46,020 | 31.36 | to | 31.36 | 1,443,296 | — | to | — | — | to | — | 31.81 | to | 31.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||
PSF PGIM Government Money Market Portfolio (Class I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 58,582 | 11.11 | to | 11.11 | 650,908 | — | to | — | 4.90 | to | 4.90 | 4.88 | to | 4.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 16,548 | 10.59 | to | 10.59 | 175,303 | — | to | — | 1.32 | to | 1.32 | 1.39 | to | 1.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 19,559 | 10.45 | to | 10.45 | 204,373 | — | to | — | 0.04 | to | 0.04 | 0.04 | to | 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 20,396 | 10.44 | to | 10.44 | 213,027 | — | to | — | 0.26 | to | 0.26 | 0.30 | to | 0.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 22,729 | 10.41 | to | 10.41 | 236,681 | — | to | — | 1.91 | to | 1.91 | 1.92 | to | 1.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||
BlackRock S&P 500 Index V.I. Fund (Class I) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 388,874 | 19.42 | to | 19.42 | 7,553,029 | — | to | — | 1.27 | to | 1.27 | 26.22 | to | 26.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 458,327 | 15.39 | to | 15.39 | 7,052,744 | — | to | — | 1.42 | to | 1.42 | (18.23) | to | (18.23) | |||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 517,259 | 18.82 | to | 18.82 | 9,734,083 | — | to | — | 1.29 | to | 1.29 | 28.53 | to | 28.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 571,547 | 14.64 | to | 14.64 | 8,367,943 | — | to | — | 1.67 | to | 1.67 | 18.24 | to | 18.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2019 | 713,085 | 12.38 | to | 12.38 | 8,829,658 | — | to | — | 2.00 | to | 2.00 | 31.34 | to | 31.34 | |||||||||||||||||||||||||||||||||||||||||||||||||||
* | These represent the annualized contract expenses of the Sub-Account for the period indicated and include only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the Funds and charges made directly to contract owner accounts through the redemption of units. Where the expense ratio is the same for each unit value, it is presented in both the lowest and highest columns. | ||||
** | These represent the dividends, excluding distributions of capital gains, received by the Sub-Account from the Funds, net of management fees assessed by the Funds’ manager, divided by the average net assets. These ratios exclude those expenses, if any, that result in direct reductions in the unit values. The recognition of investment income by the Sub-Account is affected by the timing of the declaration of dividends by the Funds in which the Sub-Account invests. Where the investment income ratio is the same for each unit value, it is presented in both the lowest and highest columns. | ||||
*** | These represent the total return for the period indicated and reflect a deduction only for expenses assessed through the daily unit value calculation. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Investment options with a date notation indicate the effective date of that investment option in the Account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period. | ||||
# | Rounded units/unit fair values. Where only one unit value exists, it is presented in both the lowest and highest columns. | ||||
(1) | Amount is less than 0.01%. |
SA-51 | ||||||||