M&A - COMMONWEALTH SELECT SEPARATE ACCOUNT III OF COMMONWEALTH ANNUITY & LIFE INSURANCE CO
Form Type: N-VPFS
Filing Date: 2025-04-15
Corporate Action: Merger
Type: Update
Accession Number: 000110465925034924
Filing Summary: The document provides audited financial statements for the Commonwealth Select Separate Account III of Commonwealth Annuity and Life Insurance Company as of December 31, 2024. It includes significant changes including the merger of underlying funds, specifically detailing that the Invesco V.I. Conservative Balanced Fund merged into the Invesco V.I. Equity and Income Fund on April 26, 2024. This merger involves the transfer of net assets from the closed fund to the surviving fund, impacting the sub-accounts. The document also provides an opinion from the independent registered public accounting firm, expressing confidence in the fair presentation of the financial statements in accordance with generally accepted accounting principles (GAAP).
Additional details:
Audit Opinion: The financial statements present fairly the financial position of each Sub-Account as of December 31, 2024.
Merger Details: Invesco V.I. Conservative Balanced Fund merged into Invesco V.I. Equity and Income Fund on April 26, 2024.
Investment Options: An additional investment option became available with the Invesco V.I. Equity and Income Fund from April 26, 2024.
Total Net Assets: Total net assets as of December 31, 2024 are detailed across various portfolios.
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