Adriana Lima and Marko Jaric Split

PHOTO: Marko Jaric and Adriana Lima attend the Miami International Boat Show in Miami Beach, Fla.

Adriana Lima and Marko Jaric are ending their marriage.

The Victoria's Secret model and former NBA star are separating, her rep confirmed to ABC News.

"After long and careful consideration, we have decided to separate after five years of marriage," the couple said in a joint statement. "We are grateful to be the parents of two incredible young daughters that we will continue to co-parent. We would greatly appreciate your respect for our family's privacy as we begin this delicate next chapter for all members of our family."

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Lima, 32, and Jaric, 35, married on Valentine's Day in 2009, after about a year and half together. Their oldest daughter, Valentina, was born that November, while Sienna came along about three years later.

"They love each other," Lima told ABC News of her family last year. "I'm very lucky. I'm very lucky with my girls. Seeing them interacting and look at each other, it's very beautiful."

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