Liquidation: MONARCH LIFE INSURANCE COMPANY SEPARATE ACCOUNT VA

Form Type: N-VPFS

Filing Date: 2025-04-23

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525090766

Filing Summary: The document is an annual report for the Monarch Life Insurance Company Separate Account VA as of December 31, 2024. It reflects the financial position and operations of various investment divisions within the account. Notably, the U.S. Government Bond V.I. Fund was liquidated on April 28, 2023, resulting in no assets within that division as all four divisions reported zero balances. The report includes audited financial statements that present a fair view of the net assets, investments, and reserves for the divisions, indicating significant uncertainties regarding loss reserves and financial stability. Monarch Life Insurance Company is in receivership, having undergone a rehabilitation proceeding since June 1994, and has ceased issuing new insurance policies. The document discusses the structure of the account, the role of the independent auditors, and the significant accounting policies employed. Additionally, it acknowledges that no subsequent events have occurred after the reporting date that would require adjustments or disclosures.