Financial Statements by Insurance Company (Form N-VPFS)

RetireMAP Variable Account

Financial Statements

Year Ended December 31, 2025

(With Report of Independent Registered Public Accounting Firm Thereon)

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Protective Life Insurance Company and Contract Owners of RetireMAP Variable Account:

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities of the subaccount listed in the Appendix that comprises RetireMAP Variable Account (the Separate Account), as of December 31, 2025, the related statement of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Separate Account as of December 31, 2025, the results of its operations for the year then ended, and the changes in its net assets for each of the years in the two-year period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the underlying mutual funds or their transfer agents; when replies were not received, we performed other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more Protective Life Insurance Company Separate Accounts since 2019.

Birmingham, Alabama
April 13, 2026

Appendix

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and statements of changes in net assets for each of the years in the two-year period then ended.

BNY Mellon VIF Appreciation Portfolio, Initial Shares

RETIREMAP VARIABLE ACCOUNT
STATEMENT OF ASSETS AND LIABILITIES
AS OF DECEMBER 31, 2025

		SUBACCOUNT
		BNY Mellon VIF Appreciation Portfolio, Initial Shares
ASSETS:
Investments at fair value (1)		$	3,812
Total assets			3,812
LIABILITIES:
Total liabilities			-
NET ASSETS		$	3,812
ANALYSIS OF NET ASSETS
Accumulation period		$	3,812
Annuity period			-
Total net assets		$	3,812
Fair value per share (NAV)		$	33.67
Shares outstanding in the Separate Account			113
(1) Investments in mutual fund shares, at cost		$	4,054

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

See accompanying notes to financial statements.

RETIREMAP VARIABLE ACCOUNT
STATEMENT OF OPERATIONS
FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNT
		BNY Mellon VIF Appreciation Portfolio, Initial Shares
INVESTMENT INCOME:
Dividend income		$	13
EXPENSES:
Mortality and expense risk and admin			50
NET INVESTMENT INCOME (LOSS)			(37	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on redemption of investments			(4	)
Capital gain distributions			535
Net realized gain (loss) on investments			531
Change in net unrealized appreciation (depreciation) on investments			(193	)
Net realized and unrealized gain (loss) on investments			338
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS		$	301

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

See accompanying notes to financial statements.

RETIREMAP VARIABLE ACCOUNT
STATEMENT OF CHANGES IN NET ASSETS
FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

		SUBACCOUNT
		BNY Mellon VIF Appreciation Portfolio, Initial Shares
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	(37	)
Net realized gain (loss) on investments			531
Change in net unrealized appreciation (depreciation) on investments			(193	)
Net increase (decrease) in net assets resulting from operations			301
CONTRACT TRANSACTIONS:
Contract owners' net payments			-
Contract maintenance charges			-
Contract owners' benefits			-
Net transfers (to) from the Company and/or Subaccounts			(1	)
Increase (decrease) in net assets resulting from Contract transactions			(1	)
Total increase (decrease) in net assets			300
NET ASSETS:
Beginning of period			3,512
End of period		$	3,812

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

See accompanying notes to financial statements.

RETIREMAP VARIABLE ACCOUNT
STATEMENT OF CHANGES IN NET ASSETS
FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

		SUBACCOUNT
		BNY Mellon VIF Appreciation Portfolio, Initial Shares
INCREASE (DECREASE) IN NET ASSETS:
OPERATIONS:
Net investment income (loss)		$	(33	)
Net realized gain (loss) on investments			239
Change in net unrealized appreciation (depreciation) on investments			148
Net increase (decrease) in net assets resulting from operations			354
CONTRACT TRANSACTIONS:
Net transfers (to) from the Company and/or Subaccounts			1
Increase (decrease) in net assets resulting from Contract transactions			1
Total increase (decrease) in net assets			355
NET ASSETS:
Beginning of period			3,157
End of period		$	3,512
Note: Totals may not appear to foot/crossfoot due to rounding.
Note 2: See note 1, Organization, for periods presented, if applicable.

See accompanying notes to financial statements.

RETIREMAP VARIABLE ACCOUNT

NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2025

1.

ORGANIZATION

The RetireMAP Variable Account (the "Separate Account"), a segregated unit investment trust registered under the Investment Company Act of 1940, as amended, was established by United Investors Life Insurance Company, and exists in accordance with the regulations of the Alabama Department of Insurance. United Investors Life Insurance Company was a wholly owned subsidiary of Torchmark Corporation and was acquired by Protective Life Insurance Company (the "Company"). Protective Life Insurance Company is a wholly owned subsidiary of Protective Life Corporation ("PLC"). PLC is a wholly owned subsidiary of Dai-ichi Life International Holding, LLC, a godo kaisha organized under the laws of Japan.

Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the Company's other assets and liabilities. The portion of the Separate Account's assets applicable to the variable annuity contracts (the "Contracts") is not chargeable with liabilities arising out of any other business the Company may conduct.

The Separate Account is a funding vehicle for individual variable annuity Contracts; it consists of a number of subaccounts (the "Subaccounts"), also commonly referred to as investment divisions or funds, each of which is treated as an individual accounting entity for financial reporting purposes. The Separate Account's value at any time is allocated among Contract owners based on the number and value of their accumulation units representing their interest in the Subaccounts of the Separate Account; all of the investible assets of the Separate Account are invested in the corresponding mutual funds.

The Separate Account has identified the Chief Product Officer - Retirement Division as the chief operating decision maker ("CODM"). The Separate Account is comprised of multiple Subaccounts, each of which constitutes an operating segment. The CODM uses significant performance measures of the Subaccounts, such as the total return ratio, investment income ratio, and expense ratio to make operational decisions for the Separate Account. Segment assets are reflected on the Statements of Assets and Liabilities as Total assets, and significant segment expenses are listed on the Statements of Operations.

Contract owners may allocate some or all of the applicable net payments or transfer some or all of the Contract value to the Company's guaranteed account, which is not included in these financial statements. The assets of the Company support its insurance and annuity obligations and are subject to the Company's general liabilities from business operations.

Contract owners' net payments are allocated to the Subaccounts in accordance with Contract owner instructions and are recorded as Contract owners' net payments in the Statement of Changes in Net Assets. Such amounts are used to provide account funds to pay Contract values under the Contracts. New Contracts are no longer being sold under the product in the Separate Account, but owners of existing Contracts may make additional deposits.

The following is the variable annuity product funded by the Separate Account:

RetireMAP

For the years or periods ended December 31, 2025 and 2024, the Separate Account offered 15 Subaccount investment options, as follows:

BNY Mellon VIF Appreciation Portfolio, Initial Shares

BNY Mellon VIF Growth and Income Portfolio, Initial Shares *

BNY Mellon VIF Small Cap Portfolio, Initial Shares *

DWS CROCI International VIP, Class B * (a)

DWS Global Small Cap VIP, Class B * (a)

Federated Hermes Fund for U.S. Government Securities II *

Federated Hermes Government Money Fund II, Service Shares *

Federated Hermes Managed Volatility Fund II, Primary Shares *

Invesco V.I. American Franchise Fund, Series I *

Invesco V.I. Core Equity Fund, Series I *

Invesco V.I. High Yield Fund, Series I *

MFS VIT Growth Series, Initial Class *

MFS VIT Investors Trust Series, Initial Class *

MFS VIT Research Series, Initial Class *

MFS VIT Utilities Series, Initial Class *

* Contract owners held no investments in this Subaccount during 2025 or 2024.

^(a) See Subaccount Changes table below.

Subaccount Changes: Liquidations

During 2024, the following Subaccounts were liquidated:

Subaccount Name	Date of Liquidation
DWS CROCI International VIP, Class B	June 17, 2024
DWS Global Small Cap VIP, Class B	June 17, 2024

The financial statements are presented based on the periods noted in the above Subaccount Changes table which may result in the exclusion from certain financial statements.

The Separate Account is an investment company and, therefore, applies specialized accounting guidance in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 "Financial Services - Investment Companies".

2.

SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of the significant accounting policies of the Separate Account.

Investment valuation

Investments are made and measured in shares and are presented net of management fees and other operating expenses incurred by the Subaccounts. The investments are valued at the net asset values of the mutual funds, which value their investment securities at fair value. Transactions with the mutual funds are recognized on the trade date.

The Separate Account classifies its valuations into three levels based upon the observability of inputs to the valuation of the Separate Account's investments. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:

Level 1 - Unadjusted quoted prices for identical securities in active markets.

Level 2 - Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. These may include quoted prices for similar assets in active markets.

Level 3 - Unobservable inputs to the extent observable inputs are not available and may include prices obtained from single broker quotes. Unobservable inputs reflect the reporting entity's own assumptions and would be based on the best information available under the circumstances.

The Separate Account determines the fair values of certain financial assets based on quoted market prices. All of the investments in the Subaccounts of the Separate Account are classified as Level 1 in the fair value hierarchy and consist of open-ended mutual funds. Participants may, without restriction, transact at the daily net asset value ("NAV") of the mutual funds. The NAV represents the daily per share value based on the fair value of the underlying portfolio of investments of the respective Subaccounts.

Receivables and payables from (to) the Contracts and the fund manager

Receivables and payables from (to) the Contracts and the fund manager include trading activity initiated at the Contract level from the last business day of the year that has not yet been settled with the fund manager.

Receivable from dividends

Receivable from dividends include dividends declared by the fund managers that have not yet been reinvested in accordance with the Subaccounts' designated reinvestment dates.

Receivables and payables from (to) the Company

Receivables and payables from (to) the Company include accruals for the variance between investments and reserves applicable to the Subaccount.

Contracts in the annuity payout period

Net assets allocated to Contracts in the annuity payout period are computed according to the Annuity 2000 Mortality Table with an assumed investment return of 5%. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the Company for the calculated or excess differential. Any adjustments to these amounts are reflected in net transfers (to) from the Company and /or Subaccounts on the Statements of Changes in Net Assets of the applicable Subaccounts. Currently there are no Contracts in the annuity payout period.

Dividend income and capital gain distributions

Dividend income and capital gain distributions are recorded on the ex-dividend date and are reinvested in additional shares of the mutual funds. Ordinary dividend and capital gain distributions are recognized within net investment income and net realized gains, respectively, as recorded in the financial statements of the Subaccounts.

Net realized gains and losses

Net realized gains and losses on investments include gains and losses on redemptions of the Subaccounts' shares (determined for each product using a weighted average cost basis) and capital gain distributions from the mutual funds.

Net transfers (to) from the Company and/or Subaccounts

Net transfers (to) from the Company and/or Subaccounts include transfers between the Subaccounts of the Separate Account as well as transfers between the Separate Account and the Company.

Federal income taxes

The results of the operations of the Separate Account are included in the federal income tax return of the Company. Under the provisions of the Contracts, the Company has the right to charge the Separate Account for federal income tax attributable to the Separate Account. No charge has been made against the Separate Account for such tax during the year ended December 31, 2025. Management will periodically review the application of this policy in the event of changes in tax law. Accordingly, a change may be made in future years to consider charges for any federal income taxes that would be attributable to the Contracts.

Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that could affect the reported amounts of assets and liabilities, as well as the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from the estimates reported in the accompanying financial statements.

Risks and uncertainties

The Separate Account provides for various investment options in any combination of Subaccounts, each of which bears exposure to the market, credit, and liquidity risks of the underlying portfolio in which it invests. Due to the level of risk associated with certain investments and the level of uncertainty related to changes in the value of investments, it is at least reasonably possible that changes in risks in the near term could materially affect investment balances, the amounts reported in the statements of assets and liabilities, of operations and of changes in net assets. Accordingly, these financial statements should be read in conjunction with the financial statements and notes of the underlying Subaccounts identified in note 1, Organization.

3.

PURCHASES AND SALES OF INVESTMENTS

The cost of purchases and proceeds from sales of investments for the year or period ended (as designated in note 1, Organization, if applicable) December 31, 2025 were as follows:

Subaccount		Purchases				Sales
BNY Mellon VIF Appreciation Portfolio, Initial Shares		$	548			$	50

4.

CHANGES IN UNITS OUTSTANDING

The changes in units outstanding for the years or periods ended (as designated in note 1, Organization, if applicable) December 31, 2025 and 2024 were as follows:

			2025												2024
Subaccount			Units Issued				Units Redeemed				Net Increase (Decrease)				Units Issued				Units Redeemed				Net Increase (Decrease)
BNY Mellon VIF Appreciation Portfolio, Initial Shares			-				-				-				-				-				-

5.

EXPENSES AND RELATED PARTY TRANSACTIONS

The fees and charges below are the current expenses deducted by the Subaccount from either the net unit value or from the Contract as a redemption of units. Fees and charges may vary based on factors such as the product purchased, optional benefits chosen, benefit base, asset base, death benefit option elected, a Contract's total asset value, age of Contract, surrender amount, if a surrender is requested during the period specified, Subaccounts selected, transaction amount, and/or transaction frequency. The fees and charges are recorded, as applicable, to the respective Subaccount in the Separate Account. Redemption of units deductions are made to the individual Contracts in accordance with the terms which govern each annuity, as set forth in the Contract.

Expense Type			Range
Mortality and Expense Risk Fee
This fee is assessed to reimburse the Company for assuming mortality and expense risks. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as Mortality and expense risk and admin in the Statement of Operations.			a daily fee amounting to a per annum aggregate of 1.25% of the average daily net assets of the Subaccount
Administrative Fee
This fee is assessed to reimburse the Company for expenses incurred in the administration of the Contract and the Separate Account. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as Mortality and expense risk and admin within the Statement of Operations.			a daily fee amounting to a per annum aggregate of 0.15% of the average daily net assets of the Subaccount
Deductions for Premium Taxes
This deduction is to comply with any applicable state premium and/or retaliatory taxes. If applicable, the mandated amount is deducted from the payment when it is received which in turn reduces Contract owners' net payments on the Statement of Changes in Net Assets.			0% - 3.5% of each payment, if applicable
Annual Contract Charge
This charge is assessed to reimburse the Company for expenses incurred in the administration of the Contract and the Separate Account. If applicable, the charge is deducted annually, assessed through a redemption of units, and recorded as Contract maintenance charges in the Statement of Changes in Net Assets.			$0 - $35 annually
Surrender Charge (Contingent Deferred Sales Charge)
This charge is assessed to reimburse the Company for some of the costs of distributing the Contracts. If applicable, the charge is deducted at surrender, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statement of Changes in Net Assets.			0.00% - 7.00% of surrendered amount
Withdrawal Charge
This charge is assessed to reimburse the Company for costs incurred from withdrawals. If applicable, the charge is deducted upon withdrawal, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statement of Changes in Net Assets.			$20 per withdrawal or 2% of the amount withdrawn, whichever is less, after the first 12 withdrawals in any Contract year

Expense Type			Range
Charge for Optional Benefits
This charge, if applicable, is assessed to reimburse the Company for costs and risks stemming from optional living and/or death benefits elected by the Contract owner. If applicable, the charge fee is deducted annually, at surrender, when a payment is received, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statement of Changes in Net Assets.			0.17% of death benefit base

6.

FINANCIAL HIGHLIGHTS

The Company sold one variable annuity product that is funded by the Separate Account. This product has a unique combination of features and expenses that are charged against the Contract owner's account.The summaries may not reflect or directly equate to the Contract expenses offered by the Company, as Contract owners may not have selected all available and applicable Contract options for or during the periods presented.

A summary of the units outstanding, unit fair values, net assets for variable annuity Contracts, investment income ratios, the expense ratio, excluding expenses of the underlying Subaccounts, and total returns for each of the five years or periods ended December 31, 2025 is as follows:

		As of December 31												For the period ended December 31
Subaccount		Units (000's)				Unit Fair Value				Net Assets (000's)				Investment Income Ratio (a)				Expense Ratio (b)				Total Return (c)
BNY Mellon VIF Appreciation Portfolio, Initial Shares
2025			1			$	5.08			$	4				0.36	%			1.40	%			8.55	%
2024			1				4.68				4				0.42	%			1.40	%			11.24	%
2023			1				4.21				3				0.72	%			1.40	%			19.30	%
2022			1				3.53				3				0.62	%			1.40	%			(19.19	)%
2021			1				4.37				3				0.44	%			1.40	%			25.38	%
BNY Mellon VIF Growth and Income Portfolio, Initial Shares
2022			-				-				-				0.53	%			1.40	%			(13.32	)%
2021			2				4.09				7				0.49	%			1.40	%			23.90	%
Federated Hermes Managed Volatility Fund II, Primary Shares
2022			-				-				-				2.88	%			1.40	%			(12.02	)%
2021			1				2.08				2				1.77	%			1.40	%			16.88	%
Invesco V.I. American Franchise Fund, Series I
2022			-				-				-				0.00	%			1.40	%			(22.05	)%
2021			1				2.53				3				0.00	%			1.40	%			10.38	%
Invesco V.I. Core Equity Fund, Series I
2022			-				-				-				0.00	%			1.40	%			(16.26	)%
2021			1				2.80				1				0.68	%			1.40	%			25.98	%

^(a) These ratios represent the dividends received by the Subaccount, excluding distributions of capital gains, divided by the daily average net assets. These ratios exclude expenses, such as mortality and expense and admin fees, that result in direct reductions in the unit values. The recognition of investment income by the Subaccount is affected by the timing of the declaration of dividends by the underlying mutual fund in which the Subaccounts invest.

^(b) These ratios represent the annualized Contract expenses of the respective Subaccounts of the Separate Account, consisting primarily of mortality and expense risk and admin fees, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to Contract owner accounts through the redemption of units and expenses of the underlying mutual fund are excluded.

^(c) These amounts represent the total return for the periods indicated, include changes in the value of the underlying mutual fund, and reflect deductions for all items included in the expense ratio. These amounts are not annualized and represent each Subaccount's total return for the periods during which the Subaccount held investment balances. The total return does not include any expenses addressed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented.

7.

SUBSEQUENT EVENTS

The Separate Account has evaluated the effects of events subsequent to December 31, 2025, and through the April 13, 2026, date at which the financial statements were available to be issued. All accounting and disclosure requirements related to subsequent events are included in our financial statements.