Form N-VPFS Filings

What Is SEC Form N-VPFS?

SEC Form N-VPFS is an important filing used for financial statements covering variable contracts and registered non-variable annuities, as defined in Rule 405 of the Securities Act. It is generally used by insurance companies and separate accounts to file annual financial statements that support contract disclosure documents and related SEC filings.

This form is typically filed for audited financial statements relating to variable annuity or variable life insurance products, and it is often incorporated by reference into registration statements and prospectus materials. Filers and researchers may review the most recent SEC filings submissions or the SEC issuer list to identify insurers, separate accounts, and related filings that use this format.

Form N-VPFS helps provide financial transparency by making audited financial statements publicly available for certain insurance-related investment products. It does not function as a notice filing like Form N-VP, but instead serves as the financial statement filing referenced within the broader disclosure framework for these contracts.

Key elements typically found in SEC Form N-VPFS include:

• Name of the insurance company or separate account
• Audited financial statements for the applicable reporting period
• Report of independent auditors
• Statements of assets, liabilities, operations, and changes in contract owners’ equity or capital and surplus
• Notes to the financial statements
• Supplemental schedules or related financial information, if applicable

SEC Form N-VPFS Filing Deadlines

SEC Form N-VPFS is generally used for annual financial statement reporting tied to the filer’s fiscal year. These timing requirements are important because the filing supports ongoing disclosure obligations for variable contracts and related registration materials.

Key Things to Know About Form N-VPFS Filing Rules

• Annual Financial Statement Filing: Form N-VPFS is generally used to file annual audited financial statements for variable contracts and certain registered non-variable annuities.
• Used Within a Broader Disclosure Framework: The form works alongside insurance product registration statements and summary prospectus materials rather than serving as a standalone contract disclosure document.
• Separate Account and Insurance Company Information May Both Be Relevant: Depending on the product structure, the filing may contain financial statements for a separate account, an insurance company, or both by reference.
• Filed Electronically on EDGAR: Form N-VPFS is submitted through the SEC’s EDGAR system as its own submission type, and filers that need to revise the filing may use Form N-VPFS/A.
• Often Reviewed With Related Insurance Product Filings: Compliance teams and analysts may track Form N-VPFS together with prospectus and summary prospectus filings.

SEC Form N-VPFS is an annual financial statement filing used by insurance companies and separate accounts for variable contracts and certain annuity products. It aligns with disclosures tracked in annual Reports, while analysts reviewing related filings may also use our platform to compare insurers and products across the disclosure.