M&A - SEPARATE ACCOUNT VA-K OF COMMONWEALTH ANNUITY & LIFE INSURANCE CO

Form Type: N-VPFS

Filing Date: 2025-04-15

Corporate Action: Merger

Type: New

Accession Number: 000110465925034893

Filing Summary: The document provides the audited financial statements for Commonwealth Annuity and Life Insurance Company Separate Account VA-K as of December 31, 2024. It includes a report from the independent registered public accounting firm, Deloitte & Touche LLP, asserting that the financial statements present fairly the financial position of each of the Sub-Accounts within the Separate Account in accordance with accounting principles generally accepted in the United States. The report details various financial highlights, including the net assets, investment income, expenses, and net changes in assets from operations. Significant sections also detail the investment performance for different funds within the Separate Account, including elements such as net investment income, realized and unrealized gains or losses, and changes in net assets for the year ended December 31, 2024. Notably, the document mentions a merger concerning certain funds, with further details available in its first note. Additionally, this statement includes changes in the investments across multiple portfolios, highlighting performance metrics and operational outcomes for the year.