Putnam Capital Manager Variable Life

Monthly Performance Review - 11/30/2022
Fund Information	Cumulative Total Returns As of - 11/30/2022				Monthly Average Annual Total Returns As of - 11/30/2022				Quarterly Average Annual Total Returns As of - 9/30/2022
Variable Investment Subaccounts	Inception Date	30 Day %	90 Day %	YTD %	1 Year %	3 Years %	5 Years %	10 Yrs/Since Inception %^††	1 Year %	5 Years %	10 Yrs/Since Inception %^††
Putnam VT Diversified Income FundOpens a PDF	7/25/1994	2.85	-0.21	-2.06	-2.25	-2.75	0.14	2.10	-7.78	-0.23	1.98
Putnam VT Emerging Markets Equity FundOpens a PDF	1/02/1997	15.07	3.01	-23.82	-23.59	-0.84	-0.53	3.94	-34.65	-2.69	2.79
Putnam VT Focused International Equity Fund ²Opens a PDF	7/25/1994	17.19	6.11	-15.11	-11.72	2.85	3.62	7.64	-28.98	0.44	5.76
Putnam VT George Putnam Balanced FundOpens a PDF	4/30/1998	5.04	1.94	-12.34	-10.97	5.74	7.06	8.69	-16.12	5.68	7.64
Putnam VT Global Asset Allocation FundOpens a PDF	7/25/1994	4.53	1.42	-12.94	-10.89	4.36	4.27	7.27	-16.23	3.26	6.40
Putnam VT Global Health Care FundOpens a PDF	4/30/1998	4.99	10.57	-3.15	3.65	11.90	11.63	13.57	-9.45	8.30	11.96
Putnam VT Government Money Market 7-Day Current Net Yield as of 11/30/2022:2.82%Opens a PDF	7/25/1994	0.27	0.66	0.98	0.98	0.43	0.90	No data available	0.49	0.83	0.45
Putnam VT Growth Opportunities FundOpens a PDF	2/01/2000	4.52	-0.56	-24.63	-23.61	9.90	12.65	15.02	-24.97	11.97	13.94
Putnam VT High Yield FundOpens a PDF	7/25/1994	1.91	0.00	-10.70	-9.12	0.23	1.92	3.74	-13.87	1.08	3.43
Putnam VT Income FundOpens a PDF	7/25/1994	4.28	-2.85	-13.18	-13.59	-4.24	-0.06	1.48	-16.44	-0.48	1.37
Putnam VT International Equity FundOpens a PDF	1/02/1997	13.99	10.21	-13.14	-8.81	3.51	2.01	5.29	-26.93	-1.26	3.82
Putnam VT International Value FundOpens a PDF	1/02/1997	13.65	10.80	-6.97	-1.86	5.00	2.50	4.79	-22.12	-1.20	3.13
Putnam VT Large Cap Value FundOpens a PDF	5/01/2003	6.20	8.45	1.80	7.09	12.46	11.00	12.83	-6.96	8.41	11.19
Putnam VT Mortgage Securities FundOpens a PDF	1/02/2000	4.51	-4.01	-9.82	-10.34	-4.76	-0.66	0.31	-13.90	-1.04	0.08
Putnam VT Multi-Cap Core Fund Fund ³Opens a PDF	4/30/1998	5.90	5.13	-10.28	-6.12	12.77	11.58	13.63	-15.46	9.49	11.90
Putnam VT Research FundOpens a PDF	9/30/1998	5.76	4.17	-11.97	-9.70	10.80	11.09	13.42	-16.95	9.12	11.84
Putnam VT Small Cap Value FundOpens a PDF	4/30/1999	0.70	3.68	-6.84	-1.55	12.21	6.66	10.48	-15.36	3.91	8.97
Putnam VT Sustainable Leaders Fund Opens a PDF	7/25/1994	5.33	4.25	-17.55	-15.92	10.77	12.21	14.63	-21.38	10.79	13.25

The average annual total returns reflect the reinvestment of all dividends and capital gains, and the deduction of investment management fees, expenses, as well as the contract’s specific Mortality and Expense Risk Charge, if applicable. The returns do not reflect other life insurance policy charges (sales, administration, and actual cost of insurance) nor any applicable surrender or lapse charges, which would significantly lower the stated returns.

The 7-Day Current Net Yield quotation more closely reflects the current earnings of the fund than the total return quotation.

Returns of less than one year are not annualized.

The table above shows the historical performance of the select Sub-Accounts of the Separate Account available under this Contract. The returns reflect hypothetical investment experience, as if the Contract had been in existence since the inception of the Sub-Accounts, except where the separate account inception date pre-dates the inception of the Sub-Accounts. Please see the product prospectus for information related to the Contract's specific Separate Account.

PLEASE REVIEW THIS MATERIAL WITH A CURRENT VARIABLE LIFE PRODUCT AND/OR FUND PROSPECTUS.

Investors should consider the contract and the underlying portfolios' investment objectives, risks, and charges and expenses carefully before investing. The contract's prospectus and the underlying portfolio prospectus contain information relating to investment objectives, risks, and charges and expenses as well as other important information. You should read the prospectuses carefully before investing.

Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. For cost and complete details for coverage, contact your licensed financial professional or refer to the prospectus.

An investment in the Money Market portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment as $1 per share, it is possible to lose money by investing in the fund.

††Since Inception returns are presented for investment options with less than ten years of performance, otherwise the performance reflects for the ten year period.

1. Closed to investment for new policies. Fund continues to be available for policies issued prior to 8/2/2004.

2. Closed to investment for new policies. Fund continues to be available for policies issued prior to 5/1/2006.

3. Closed to new and subsequent premium payments and transfers of Account Value.

4. Policies issued prior to 10/3/2005 will receive Initial Class shares.

5. Closed to investment for new policies. Fund continues to be available for policies issued prior to 10/12/2009.

6. Effective August 31, 2015, the Invesco V.I. Mid Cap Core Equity Fund is closed to new investments and re-allocations to the fund.

7. Effective December 1, 2015, the Fidelity VIP Strategic Income Fund is closed to new investments and re-allocations to the fund.

8. Effective July 13, 2016, the Putnam VT Voyager Fund is closed to new investments and re-allocations to the fund.

9. Effective October 17, 2016, the Invesco V.I. Core Equity Fund is closed to new investments and re-allocations to the fund.

10. Effective February 7, 2017, the following investment options are closed for new investments and re-allocations: Morgan Stanley VIF Global Infrastructure Portfolio, Morgan Stanley VIF Growth Portfolio, and Invesco V.I. Equity and Income Fund.

11. Effective November 15, 2018, the Franklin Mutual Shares VIP Fund is closed to new investments and re-allocations to the fund.

12. Effective April 30, 2019, the Putnam VT Small Cap Growth Portfolio is closed to new investments.

13. Effective May 1, 2020, the Invesco V.I. Discovery Mid Cap Growth Fund is closed to new investments.

14. Effective May 1, 2022, the Templeton Foreign VIP Fund is closed to new investments.

15. Effective April 29, 2022, the Invesco V.I. International Growth Fund was renamed the Invesco V.I. EQV International Equity Fund.

16. Effective May 1, 2022, the AB VPS Balanced Wealth Strategy Portfolio was renamed the AB VPS Balanced Hedged Allocation Portfolio.

17. Effective May 1, 2022, the AB VPS International Growth Portfolio was renamed the AB VPS Sustainable International Thematic Portfolio.

18. Effective September 12, 2022, the Templeton Growth VIP Fund is closed to new investments.

The issuing companies are Talcott Resolution Life Insurance Company and Talcott Resolution Life and Annuity Insurance Company, Windsor CT. The mailing address for both issuers is 1 Griffin Road North, Windsor, CT 06095-2999.

Variable life insurance products discussed in this material are distributed by Pruco Securities, LLC (Member SIPC).

Putnam Capital Manager Variable Life is a modified single premium variable life insurance policy. Policy form # ILA-SPVL97 or ILA-LSPVL97 and HL-SPVL97 or HL-LSPVL97 and HL-SPVLCPCMNY or HL-LSPVLCPCMNY. Putnam Capital Manager Variable Life is not available in KY.

1008842-00011-00 Ed.9/2022