
	For the Six Months Ended June 30, 2025			Years Ended December 31,
				2024			2023			2022

Per Accumulation Unit Data:
Rental income	$	13.404		$	28.407		$	27.323		$	23.751
Real estate property level expenses	5.926			13.098			12.858			11.042
Real estate income, net	7.478			15.309			14.465			12.709
Other income	3.714			7.209			7.539			6.559
Total income	11.192			22.518			22.004			19.268
Interest expense	0.423			1.117			1.339			0.520
Expense charges(1)	2.093			4.701			4.877			4.601
Investment income, net	8.676			16.700			15.788			14.147
Net realized and unrealized gain (loss) on investments and debt	(0.353)			(36.511)			(91.657)			28.011
Net increase (decrease) in Accumulation Unit Value	8.323			(19.811)			(75.869)			42.158
Accumulation Unit Value:
Beginning of period	461.243			481.054			556.923			514.765
End of period	$	469.566		$	461.243		$	481.054		$	556.923
Total return(2)	1.81		%	(4.12)		%	(13.62)		%	8.19		%
Ratios to Average net assets(3):
Expense charges(4)	0.88		%	0.99		%	0.93		%	0.89		%
Investment income, net	3.65		%	3.52		%	3.00		%	2.45		%
Portfolio turnover rate(3):
Real estate properties(5)	3.3		%	2.7		%	1.4		%	5.6		%
Marketable securities(6)	—		%	23.6		%	21.6		%	4.7		%
Accumulation Units outstanding at end of period (millions)	47.3			47.8			48.0			52.1
Net assets end of period (millions)	$	22,675.5		$	22,486.9		$	23,618.9		$	29,658.1

(1)Expenses per Accumulation Unit reflect the year-to-date Account level expenses, which excludes interest expense on Account-level debt and also excludes real estate property level expenses, which are included in real estate income, net. Expense charges are deducted from the net assets of the Account and include fees for investment management services, administrative services, distribution services, mortality and expense risk charges and liquidity guarantee charges, all of which are described further in Note 2 - Related Party Transactions.

(5)Real estate investment portfolio turnover rate is calculated by dividing the lesser of purchases or sales of real estate property investments (including contributions to, or return of capital distributions received from, existing real estate joint ventures and fund investments) by the average value of the portfolio of real estate investments held during the period.

(6)Marketable securities portfolio turnover rate is calculated by dividing the lesser of purchases or sales of securities, excluding securities having maturity dates at acquisition of one year or less, by the average value of the portfolio securities held during the period.