INDEX TO FINANCIAL STATEMENTS

VARIABLE ANNUITY ACCOUNT A OF PROTECTIVE LIFE
Report of Independent Registered Public Accounting Firm				FSA-2
Statement of Assets and Liabilities as of December 31, 2020				FSA-5
Statement of Operations for the year ended December 31, 2020				FSA-17
Statement of Changes in Net Assets for the year ended December 31, 2020				FSA-29
Statement of Changes in Net Assets for the year ended December 31, 2019				FSA-41
Notes to Financial Statements				FSA-52
PROTECTIVE LIFE AND ANNUITY INSURANCE COMPANY
Reports of Independent Auditors				F-1
Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus as of December 31, 2020 and 2019				F-5
Statutory Statements of Operations for each of the years in the three-year period ended December 31, 2020				F-6
Statutory Statements of Changes in Capital and Surplus for each of the years in the three-year period ended December 31, 2020				F-7
Statutory Statements of Cash Flow for each of the years in the three-year period ended December 31, 2020				F-8
Notes to Financial Statements				F-10
Supplemental Schedules:
Schedule I Summary of Investments — Other Than Investments in Related Parties as of December 31, 2020				S-1
Schedule IV Reinsurance as of and for the years ended December 31, 2020 and 2019				S-2

All other schedules to the statutory financial statements required by Article 7 of Regulation S-X are not required under the related instructions or are inapplicable and therefore have been omitted.

Report of Independent Registered Public Accounting Firm

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

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in Appendix A that comprise Variable Annuity Account A of Protective Life (collectively, the Separate Account), as of December 31, 2020, the related statements of operations for the year or period (as described in Appendix A) then ended, the statements of changes in net assets for each of the years or periods (as described in Appendix A) in the two-year period then ended, and the related notes including the financial highlights in Note 6 for each of the years or periods in the two-year period then ended (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of each subaccount as of December 31, 2020, and the results of their operations for the year or period then ended and the changes in their net assets and financial highlights for each of the years or periods in the two-year period then ended, in conformity with U.S. generally accepted accounting principles. The financial highlights for each of the years in the three-year period ended December 31, 2018 were audited by other independent registered public accountants whose report dated April 22,2019, expressed an unqualified opinion on those financial highlights.

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, 2020, by correspondence with the underlying mutual funds or their transfer agents. 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 of Protective Life and Annuity Insurance Company's separate accounts since 2019.

Birmingham, Alabama
April 28, 2021

Appendix A

Unless noted otherwise, statements of assets and liabilities as of December 31, 2020, statements 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.

Subaccounts

American Funds IS Asset Allocation Class 4

American Funds IS Blue Chip Income & Growth Class 4

American Funds IS Bond Class 4

American Funds IS Global Growth Class 4

American Funds IS Global Growth — Income Class 4

American Funds IS Global Small Capitalization Class 4

American Funds IS Growth-Income Class 4(4)

American Funds IS Growth Class 4

American Funds IS New World Class 4

American Funds IS US Govt/AAA — Rated Securities Class 4(5)

ClearBridge Variable Mid Cap II

ClearBridge Variable Small Cap Growth II

Fidelity Contrafund Portfolio SC2

Fidelity Equity Income SC2

Fidelity Index 500 Portfolio SC2

Fidelity Investment Grade Bonds SC2

Fidelity Mid Cap SC2

Franklin Flex Cap Growth VIP CL 2

Franklin Income VIP CL 2

Franklin Mutual Shares VIP CL 2

Franklin Rising Dividend VIP CL 2

Franklin Small Cap Value VIP CL 2

Franklin Small-Mid Cap Growth VIP CL 2

Franklin US Government Securities VIP CL 2

Templeton Developing Markets VIP CL 2

Templeton Foreign VIP CL 2

Templeton Global Bond VIP Fund CL 2

Templeton Growth VIP CL 2

Goldman Sachs Global Trends Allocation Fund SC

Goldman Sachs International Equity Insights

Goldman Sachs International Equity Insights SC

Goldman Sachs Large Cap Value Fund SC

Goldman Sachs Mid Cap Value SC

Lord Abbett Bond Debenture VC

Lord Abbett Calibrated Dividend Growth VC

Lord Abbett Classic Stock VC(3)

Lord Abbett Growth & Income VC

Lord Abbett Growth Opportunities VC

Lord Abbett International Opportunities VC(3)

Lord Abbett Mid Cap Stock VC

Lord Abbett Series Fundamental Equity VC

MFS Growth Series IC

MFS Growth Series SC

MFS Investors Trust IC

MFS Investors Trust SC

MFS New Discovery IC

MFS New Discovery SC

MFS Research IC

MFS Research SC

MFS Total Return IC

MFS Total Return SC

Goldman Sachs Small Cap Equity Insights

Goldman Sachs Strategic Growth

Goldman Sachs Strategic Growth SC

Goldman Sachs US Equity Insights

Goldman Sachs US Equity Insights SC

Goldman Sachs VIT Core Fixed Income Fund SC

Goldman Sachs VIT Growth Opportunities SC

Invesco Oppenheimer VI Capital Appreciation Fund/VA

Invesco Oppenheimer VI Capital Appreciation Fund/VA SC

Invesco Oppenheimer VI Discovery Mid Cap Growth Fund Series II(2)

Invesco Oppenheimer VI Discovery Mid Cap Growth Fund/VA

Invesco Oppenheimer VI Global Fund/VA

Invesco Oppenheimer VI Global Fund/VA SC

Invesco Oppenheimer VI Global Strategic Income Fund/VA

Invesco Oppenheimer VI Global Strategic Income Fund/VA SC

Invesco Oppenheimer VI Government Money Fund/VA

Invesco Oppenheimer VI Main Street Fund/VA

Invesco Oppenheimer VI Main Street Fund/VA SC

Invesco VI American Franchise I

Invesco VI American Value II

Invesco VI Balanced Risk Allocation II

Invesco VI Comstock I

Invesco VI Comstock II

Invesco VI Equity and Income II

Invesco VI Global Real Estate II

Invesco VI Government Securities II

Invesco VI Growth & Income I

Invesco VI Growth & Income II

Invesco VI International Growth II

Invesco VI Mid-Cap Growth II(1)

Invesco VI Small Cap Equity II

Protective Life Dynamic Allocation Series — Conservative

Protective Life Dynamic Allocation Series — Growth

Protective Life Dynamic Allocation Series — Moderate

MFS Utilities IC

MFS Utilities SC

MFS VIT Total Return Bond SC

MFS VIT Value SC

MFS VIT II Emerging Markets Equity SC

MFS VIT II International Value SC

MFS VIT II MA Investors Growth Stock SC

Morgan Stanley VIF, Inc. Global Real Estate II

PIMCO VIT All Asset Advisor

PIMCO VIT Global Diversified Allocation Portfolio

PIMCO VIT Long-Term US Government Advisor

PIMCO VIT Low Duration Advisor

PIMCO VIT Real Return Advisor

PIMCO VIT Short-Term Advisor

PIMCO VIT Total Return Advisor

QS Legg Mason Dynamic Multi-Strategy VIT II

Royce Capital Fund Micro-Cap SC

Royce Capital Fund Small-Cap SC

(1)  Statement of operations for the period January 1, 2020 to April 30, 2020 (liquidation date) and statements of changes in net assets for the period January 1, 2020 to April 30, 2020 and for the year ended December 31, 2019.

(2)  Statement of assets and liabilities as of December 31, 2020 and statement of operations and statement of changes in net assets for the period April 30, 2020 (commencement date) to December 31, 2020.

(3)  Statement of changes in net assets for the period January 1, 2019 to August 1, 2019 (liquidation date).

(4)  Statement of assets and liabilities as of December 31, 2020 and statement of operations and statement of changes in net assets for the period February 11, 2020 (commencement date) to December 31, 2020.

(5)  Statement of assets and liabilities as of December 31, 2020 and statement of operations and statement of changes in net assets for the period February 13, 2020 (commencement date) to December 31, 2020.

VARIABLE ANNUITY ACCOUNT A OF PROTECTIVE LIFE

STATEMENT OF ASSETS AND LIABILITIES, CONTINUED
As of December 31, 2020
($ in thousands, except Fair Value per Share)

				Fidelity Variable Insurance Products
				Fidelity Contrafund Portfolio SC2				Fidelity Equity Income SC2				Fidelity Index 500 Portfolio SC2				Fidelity Investment Grade Bonds SC2				Fidelity Mid Cap SC2
Assets
Investments in subaccounts at fair value				$	7,078			$	205			$	7,792			$	5,120			$	4,392
Receivable from Protective Life & Annuity Insurance Company					1				—				1				4				1
Total Assets					7,079				205				7,793				5,124				4,393
Liabilities
Payable to Protective Life & Annuity Insurance Company					178				—				—				—				—
Net Assets				$	6,901			$	205			$	7,793			$	5,124			$	4,393
Units Outstanding					226				8				260				379				187
Shares Owned in each Portfolio					151				9				21				373				118
Fair Value per Share				$	46.73			$	23.18			$	366.73			$	13.72			$	37.29
Investment in Portfolio shares, at Cost				$	4,449			$	142			$	4,803			$	4,827			$	3,530