# EDGAR Filing Document

**Accession Number:** 0001020523
**File Stem:** 0001193125-26-176927
**Filing Date:** 2026-4
**Character Count:** 314042
**Document Hash:** fcb31c6aecb35456bbfc557bb41c0432
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-176927.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001193125-26-176927

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**EFFECTIVENESS DATE**: 20260424

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE LIFE VARIABLE ACCOUNT G
- **CENTRAL INDEX KEY:** 0001020523

**ORGANIZATION NAME:**
- **EIN:** 042461439
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07837
- **FILM NUMBER:** 26893278

**BUSINESS ADDRESS:**
- **STREET 1:** 230 THIRD AVENUE, 6TH FLOOR
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451
- **BUSINESS PHONE:** 7817908774

**MAIL ADDRESS:**
- **STREET 1:** 230 THIRD AVENUE, 6TH FLOOR
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUN LIFE OF CANADA U S VARIABLE ACCOUNT G
- **DATE OF NAME CHANGE:** 19960807

## Series and Classes Contracts Data

### DELAWARE LIFE VARIABLE ACCOUNT G (Series ID: S000003286)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000008738 | Futurity Corporate VUL |  |
| C000008739 | Corporate VUL          |  |
| C000008740 | Large Case VUL         |  |

##### [**Table of Contents**](#toc)
Delaware Life

Variable Account G

Financial Statements as of and for the Year Ended December 31, 2025 and

Report of Independent Registered Public Accounting Firm

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**Index** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Page(s)** | **Page(s)** |
|  **[Report of Independent Registered Public Accounting Firm](#tx87429_1)** |  | 1-6 |
|  **Financial Statements** |  |  |
|  [Statement of Assets and Liabilities](#tx87429_2) |  | 7-13 |
|  [Statement of Operations](#tx87429_3) |  | 14-53 |
|  [Statements of Changes in Net Assets](#tx87429_4) |  | 54-115 |
|  [Notes to the Financial Statements](#tx87429_5) |  | 116-149 |

---

------

##### [**Table of Contents**](#toc)
**Report of Independent Registered Public Accounting Firm** 

To the Board of Directors of Delaware Life Insurance Company and Contract Owners of Delaware Life Variable Account G:

*Opinion on the Financial Statements* 

We have audited the accompanying statement of assets and liabilities of the sub-accounts listed in the Appendix that comprise Delaware Life Variable Account G (the Sub-Accounts), 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 or periods listed in the Appendix, 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 Sub-Accounts as of December 31, 2025, the results of their operations for the year then ended, and the changes in their net assets for each of the years or periods listed in the Appendix, in conformity with U.S. generally accepted accounting principles.

*Basis for Opinion* 

These financial statements are the responsibility of the Sub-Accounts' 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 Sub-Accounts 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 transfer agents of the underlying mutual funds; when replies were not received from the transfer agents, 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 Delaware Life Insurance Company separate account investment companies since 2021.

Boston, Massachusetts

April 23, 2026

------

##### [**Table of Contents**](#toc)
**Appendix** 

Unless noted otherwise, 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.

AB VPS Sustainable Global Thematic Portfolio (Class B) Sub-Account (A70)

AB VPS Relative Value Portfolio (Class B) Sub-Account (A71)

AB VPS Sustainable International Thematic Portfolio (Class B) Sub-Account (AM2) (1)

AB VPS International Value Portfolio (Class A) Sub-Account (IVP)

AB VPS Small Cap Growth Portfolio (Class B) Sub-Account (A19)

AB VPS Discovery Value Portfolio (Class A) Sub-Account (ASM)

Alger Mid Cap Growth Portfolio I-2 Sub-Account (A54)

Alger Small Cap Growth Portfolio I-2 Sub-Account (A51)

American Funds Insurance Series Washington Mutual Investors Fund Class 2 Sub-Account (308)

American Funds Insurance Series The Bond Fund of America Class 2 Sub-Account (301)

American Funds Insurance Series Global Growth Fund Class 2 Sub-Account (304)

American Funds Insurance Series Capital World Growth and Income Fund Class 2 Sub-Account (309)

American Funds Insurance Series Global Small Capitalization Fund Class 2 Sub-Account (306)

American Funds Insurance Series Growth Fund Class 2 Sub-Account (303)

American Funds Insurance Series Growth Income Fund Class 2 Sub-Account (302)

American Funds Insurance Series American High-Income Trust Class 2 Sub-Account (305)

American Funds Insurance Series International Fund Class 2 Sub-Account (300)

BlackRock Global Allocation V.I. Fund (Class I) Sub-Account (BLG)

BlackRock Advantage SMID Cap V.I. Fund (Class I) Sub-Account (MSV)

CTIVP – Principal Large Cap Growth Fund Class 1 Sub-Account (C89) (2)

Columbia Variable Portfolio - Overseas Core Fund Class 2 Sub-Account (C58)

LVIP Nomura U.S. REIT Fund Standard Class Sub-Account (DRS) (3)

Nomura VIP Small Cap Value Series Standard Class Sub-Account (DSV) (4)

LVIP Nomura SMID Cap Core Fund Standard Class Sub-Account (D37) (5)

DWS CROCI U.S. VIP Class A Sub-Account (001)

DWS Small Cap Index VIP Class A Sub-Account (SSI)

------

##### [**Table of Contents**](#toc)
DWS Small Cap Index VIP Class B Sub-Account (D55)

DWS Small Mid Cap Value VIP Class A Sub-Account (S61)

BNY Mellon Investment Portfolios: MidCap Stock Portfolio, Initial Shares Sub-Account (D18)

BNY Mellon Investment Portfolios: Technology Growth Portfolio, Initial Shares Sub-Account (DTG)

BNY Mellon Stock Index Fund Inc., Initial Shares Sub-Account (DSI)

BNY Mellon Variable Investment Fund: Appreciation Portfolio, Initial Shares Sub-Account (DCA)

BNY Mellon Variable Investment Fund: Small Cap Portfolio, Initial Shares Sub-Account (DSC) (6)

BNY Mellon Variable Investment Fund: Growth and Income Portfolio, Initial Shares Sub-Account (DGI)

Fidelity VIP Balanced I Class Sub-Account (FVI)

Fidelity VIP Contrafund Portfolio (Initial Class) Sub-Account (FCN)

Fidelity VIP Contrafund Portfolio (Service Class 2) Sub-Account (F24)

Fidelity VIP Equity-Income Portfolio (Initial Class) Sub-Account (FEI)

Fidelity VIP Freedom 2015 Portfolio (Initial Class) Sub-Account (FF1)

Fidelity VIP Freedom 2020 Portfolio (Initial Class) Sub-Account (FF2)

Fidelity VIP Freedom 2030 Portfolio (Initial Class) Sub-Account (FF3)

Fidelity VIP Growth & Income Portfolio (Initial Class) Sub-Account (FVG)

Fidelity VIP Growth Portfolio (Initial Class) Sub-Account (FGP)

Fidelity VIP Growth Portfolio (Service Class 2) Sub-Account (F99)

Fidelity VIP High Income Portfolio (Initial Class) Sub-Account (FHI)

Fidelity VIP Index 500 Portfolio (Initial Class) Sub-Account (FIP)

Fidelity VIP Investment Grade Bond Portfolio (Initial Class) Sub-Account (FIG)

Fidelity VIP Mid Cap Portfolio (Initial Class) Sub-Account (FMC)

Fidelity VIP Government Money Market Portfolio (Service Class) Sub-Account (FM8)

Fidelity VIP Overseas Portfolio (Initial Class) Sub-Account (FOF)

Fidelity VIP Overseas Portfolio (Service Class 2) Sub-Account (F91)

First Eagle Overseas Variable Fund Sub-Account (FE3)

Franklin Templeton Foreign VIP Fund Class 1 Sub-Account (TFS)

Franklin Templeton Foreign VIP Fund Class 2 Sub-Account (T20)

Franklin Templeton Growth VIP Fund Class 1 Sub-Account (TSF)

------

##### [**Table of Contents**](#toc)
Franklin Templeton Growth VIP Fund Class 2 Sub-Account (F56)

Franklin Templeton Mutual Shares VIP Fund Class 1 Sub-Account (FSS) (7)

Franklin Templeton Small-Mid Cap Growth VIP Fund Class 1 Sub-Account (FSC)

Franklin Templeton VIP Global Real Estate Fund (Class 1) Sub-Account (FRE)

Goldman Sachs VIT U.S Equity Insights Fund I Class Sub-Account (G31)

Invesco V.I. American Franchise Fund Series I Sub-Account (V15)

Invesco V.I. Comstock Fund Series I Sub-Account (VCP)

Invesco V.I. Core Equity Fund I Sub-Account (A39)

Invesco V.I. Growth and Income Fund Series I Sub-Account (IB1)

Invesco V.I. EQV International Equity Fund Series I Sub-Account (A21)

Invesco V.I. Main Street Mid Cap Fund - Series I Sub-Account (A22)

Invesco V.I. Small Cap Equity Fund I Sub-Account (I76)

Janus Henderson VIT Mid Cap Value Portfolio Institutional Class Sub-Account (MVP)

LVIP JPMorgan Core Bond Fund Standard Class Sub-Account (JM7)

LVIP JPMorgan Small Cap Core Fund Standard Class Sub-Account (J43)

LVIP JPMorgan U.S. Equity Fund Standard Class Sub-Account (J32)

Lazard Retirement Emerging Markets Equity Portfolio Investor Class Sub-Account (LRI)

MFS U.S. Government Money Market Portfolio Initial Class Sub-Account (MD8)

MFS VIT Total Return Series Initial Class Sub-Account (M07)

MFS VIT Total Return Series Service Class Sub-Account (M35)

MFS VIT I Growth Series Initial Class Sub-Account (M31) (8)

MFS VIT I Growth Series Service Class Sub-Account (M80)

MFS VIT I Mid Cap Growth Series Initial Class Sub-Account (MF1)

MFS VIT I Mid Cap Growth Series Service Class Sub-Account (M41)

MFS VIT I New Discovery Series Service Class Sub-Account (M42)

MFS VIT I Total Return Bond Series Initial Class Sub-Account (M06)

MFS VIT I Research Series Initial Class Sub-Account (M33)

MFS VIT I Utilities Series Initial Class Sub-Account (M44)

MFS VIT I Utilities Series Service Class Sub-Account (M40)

------

##### [**Table of Contents**](#toc)
MFS VIT I Value Series Initial Class Sub-Account (M83)

MFS VIT I Value Series Service Class Sub-Account (M08)

MFS VIT II Blended Research Core Equity Portfolio I Class Sub-Account (MB6) (7)

MFS VIT II Blended Research Core Equity Portfolio S Class Sub-Account (MB7)

MFS VIT II Corporate Bond Portfolio I Class Sub-Account (MC0)

MFS VIT II Corporate Bond Portfolio S Class Sub-Account (MA0)

MFS VIT II Core Equity Portfolio S Class Sub-Account (MC1)

MFS VIT II Emerging Markets Equity Portfolio I Class Sub-Account (MC3)

MFS VIT II Global Growth Portfolio I Class Sub-Account (MC6)

MFS VIT II Global Research Portfolio S Class Sub-Account (MC9)

MFS VIT II Government Securities Portfolio I Class Sub-Account (M96)

MFS VIT II Government Securities Portfolio S Class Sub-Account (MD2)

MFS VIT II High Yield Portfolio I Class Sub-Account (MA6)

MFS VIT II High Yield Portfolio Service Class Sub-Account (MA3)

MFS VIT II International Growth Portfolio I Class Sub-Account (M97)

MFS VIT II International Growth Portfolio S Class Sub-Account (MD5)

MFS VIT II International Intrinsic Value Portfolio Initial Class Sub-Account (M98)

MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class Sub-Account (MD6)

MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class Sub-Account (MB3)

MFS VIT II Research International Portfolio I Class Sub-Account (ME2)

MFS VIT II Income Portfolio S Class Sub-Account (MA7)

MFS VIT III Blended Research Small Cap Equity Portfolio Initial Class Sub-Account (MB8)

MFS VIT III Global Real Estate Portfolio Initial Class Sub-Account (MF6)

MFS VIT III Limited Maturity Portfolio Initial Class Sub-Account (MF2)

MFS VIT III Mid Cap Value Portfolio Initial Class Sub-Account (MG3)

Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio Class I Sub-Account (VMG)

Neuberger Berman AMT Mid-Cap Growth Portfolio Class I Sub-Account (NMC)

Neuberger Berman AMT Quality Equity Portfolio Class I Sub-Account (NSE) (9)

Invesco V.I. Discovery Large Cap Fund-Series I Sub-Account (O01) (10)

------

##### [**Table of Contents**](#toc)
Invesco V.I. Discovery Mid Cap Growth Fund, Series I Sub-Account (O00)

Invesco V.I. Global Fund, Series I Sub-Account (OGS)

Invesco V.I. Main Street Small Cap Fund, Series I Sub-Account (OSC)

PIMCO VIT CommodityRealReturnTM Strategy Portfolio Admin Class Sub-Account (P10)

PIMCO VIT Emerging Markets Bond Portfolio Admin Class Sub-Account (PK8)

PIMCO VIT Real Return Portfolio Admin Class Sub-Account (P06)

PIMCO VIT Total Return Portfolio Admin Class Sub-Account (P07)

Royce Capital Fund - Small-Cap Portfolio Investment Class Sub-Account (SCP)

Rydex VT Nasdaq-100 Fund Sub-Account (R03) (7)

T. Rowe Price Blue Chip Growth Portfolio Sub-Account (307)

T. Rowe Price Equity Income Portfolio Sub-Account (REI)

T. Rowe Price All-Cap Opportunities Portfolio Sub-Account (RNA)

Columbia Variable Portfolio - Acorn Fund Sub-Account (W42) (11)

*(1) Statement of assets and liabilities as of December 31, 2025, statement of changes in net assets for the year ended December 31, 2025, and statement of changes in net assets for the period January 1, 2024 to April 15, 2024.* 

*(2) Formerly CTIVP - Loomis Sayles Growth Fund Class 1 Sub-Account.* 

*(3) Formerly LVIP Macquarie U.S. REIT Fund Standard Class Sub-Account.* 

*(4) Formerly Macquarie VIP Small Cap Value Series Standard Class Sub-Account.* 

*(5) Formerly LVIP Macquarie SMID Cap Core Fund Standard Class Sub-Account.* 

*(6) Formerly BNY Mellon Variable Investment Fund: Opportunistic Small Cap Portfolio, Initial Shares Sub-Account.* 

*(7) Statement of assets and liabilities as of December 31, 2025.* 

*(8) Statement of assets and liabilities as of December 31, 2025 and statements of changes in net assets for the year ended December 31, 2025 and 2024.* 

*(9) Formerly Neuberger Berman AMT Sustainable Equity Portfolio Class I Sub-Account.* 

*(10) Formerly Invesco V.I. Capital Appreciation Fund, Series I Sub-Account.* 

*(11) Formerly Wanger Acorn Sub-Account.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF ASSETS AND LIABILITIES** 

**DECEMBER 31, 2025** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | **Assets** | **Assets** | **Assets** | |
|  |<br>Shares | Cost | Investments at<br>Fair value | Total Assets |<br>Net Assets |
|  AB VPS Sustainable Global Thematic Portfolio (Class B) Sub-Account (A70) | 1.00 | $15 | $15 | $15 | $15 |
|  AB VPS Relative Value Portfolio (Class B) Sub-Account (A71) | 43273 | 1307314 | 1334969 | 1334969 | 1334969 |
|  AB VPS Sustainable International Thematic Portfolio (Class B)<br>Sub-Account (AM2) <sup>4</sup> |  |  |  |  |  |
|  AB VPS International Value Portfolio (Class A) Sub-Account (IVP) | 394 | 5935 | 8241 | 8241 | 8241 |
|  AB VPS Small Cap Growth Portfolio (Class B) Sub-Account (A19) | 26619 | 311129 | 262460 | 262460 | 262460 |
|  AB VPS Discovery Value Portfolio (Class A) Sub-Account (ASM) | 71 | 1140 | 1170 | 1170 | 1170 |
|  Alger Mid Cap Growth Portfolio I-2 Sub-Account (A54) | 32427 | 600091 | 772400 | 772400 | 772400 |
|  Alger Small Cap Growth Portfolio I-2 Sub-Account (A51) | 29381 | 568206 | 547655 | 547655 | 547655 |
|  American Funds Insurance Series Washington Mutual Investors Fund Class 2 Sub-Account (308) | 274764 | 4004172 | 4888057 | 4888057 | 4888057 |
|  American Funds Insurance Series The Bond Fund of America Class 2<br>Sub-Account (301) | 549718 | 5356003 | 5150853 | 5150853 | 5150853 |
|  American Funds Insurance Series Global Growth Fund Class 2 Sub-Account (304) | 18016 | 650375 | 686605 | 686605 | 686605 |
|  American Funds Insurance Series Capital World Growth and Income Fund Class 2 Sub-Account (309) | 1710 | 24863 | 31428 | 31428 | 31428 |
|  American Funds Insurance Series Global Small Capitalization Fund Class 2 Sub-Account (306) | 31225 | 645757 | 594521 | 594521 | 594521 |
|  American Funds Insurance Series Growth Fund Class 2 Sub-Account (303) | 1901 | 183382 | 263820 | 263820 | 263820 |
|  American Funds Insurance Series Growth Income Fund Class 2 Sub-Account (302) | 86407 | 5696688 | 5727056 | 5727056 | 5727056 |
|  American Funds Insurance Series American High-Income Trust Class 2<br>Sub-Account (305) | 19309 | 175174 | 175326 | 175326 | 175326 |
|  American Funds Insurance Series International Fund Class 2<br>Sub-Account (300) | 846091 | 16440737 | 18800137 | 18800137 | 18800137 |
|  BlackRock Global Allocation V.I. Fund (Class I) Sub-Account (BLG) | 38942 | 703114 | 686928 | 686928 | 686928 |
|  BlackRock Advantage SMID Cap V.I. Fund (Class I) Sub-Account (MSV) | 31957 | 746932 | 779122 | 779122 | 779122 |
|  CTIVP <sup>®</sup>– Principal Large Cap Growth Fund Class 1 Sub-Account (C89) ² | 151 | 8580 | 12339 | 12339 | 12339 |
|  Columbia Variable Portfolio - Overseas Core Fund Class 2 Sub-Account (C58) | 5 | 84 | 89 | 89 | 89 |
|  LVIP Nomura U.S. REIT Fund Standard Class Sub-Account (DRS) ² | 327684 | 4281764 | 4414235 | 4414235 | 4414235 |
|  Nomura VIP Small Cap Value Series Standard Class Sub-Account (DSV) ² | 105471 | 3898302 | 4227267 | 4227267 | 4227267 |
|  LVIP Nomura SMID Cap Core Fund Standard Class Sub-Account (D37) ² | 67272 | 1658705 | 1974957 | 1974957 | 1974957 |
|  DWS CROCI U.S. VIP Class A Sub-Account (001) |  | 5 | 5 | 5 | 5 |
|  DWS Small Cap Index VIP Class A Sub-Account (SSI) | 77587 | 1094621 | 1165354 | 1165354 | 1165354 |
|  DWS Small Cap Index VIP Class B Sub-Account (D55) | 155678 | 2003433 | 2341397 | 2341397 | 2341397 |
|  DWS Small Mid Cap Value VIP Class A Sub-Account (S61) | 1 | 15 | 15 | 15 | 15 |
|  BNY Mellon Investment Portfolios: MidCap Stock Portfolio, Initial Shares Sub-Account (D18) | 60187 | 1177380 | 1224204 | 1224204 | 1224204 |
|  BNY Mellon Investment Portfolios: Technology Growth Portfolio, Initial Shares Sub-Account (DTG) | 106942 | 2588621 | 2377312 | 2377312 | 2377312 |
|  BNY Mellon Stock Index Fund Inc., Initial Shares Sub-Account (DSI) | 1474203 | 97158782 | 128476753 | 128476753 | 128476753 |
|  BNY Mellon Variable Investment Fund: Appreciation Portfolio, Initial Shares Sub-Account (DCA) | 196813 | 7239939 | 6626685 | 6626685 | 6626685 |
|  BNY Mellon Variable Investment Fund: Small Cap Portfolio, Initial Shares Sub-Account (DSC) ² | 754 | 31507 | 36209 | 36209 | 36209 |
|  BNY Mellon Variable Investment Fund: Growth and Income Portfolio, Initial Shares Sub-Account (DGI) | 2571 | 77775 | 102270 | 102270 | 102270 |
|  Fidelity VIP Balanced I Class Sub-Account (FVI) | 41239 | 868660 | 1093257 | 1093257 | 1093257 |
|  Fidelity VIP Contrafund Portfolio (Initial Class) Sub-Account (FCN) | 282606 | 12638669 | 16925267 | 16925267 | 16925267 |
|  Fidelity VIP Contrafund Portfolio (Service Class 2) Sub-Account (F24) | 10496 | 479815 | 596798 | 596798 | 596798 |
|  Fidelity VIP Equity-Income Portfolio (Initial Class) Sub-Account (FEI) | 412818 | 9664402 | 12149236 | 12149236 | 12149236 |
|  Fidelity VIP Freedom 2015 Portfolio (Initial Class) Sub-Account (FF1) | 29872 | 383884 | 357862 | 357862 | 357862 |
|  Fidelity VIP Freedom 2020 Portfolio (Initial Class) Sub-Account (FF2) | 56892 | 711874 | 754393 | 754393 | 754393 |
|  Fidelity VIP Freedom 2030 Portfolio (Initial Class) Sub-Account (FF3) | 217020 | 3528571 | 3836921 | 3836921 | 3836921 |
|  Fidelity VIP Growth & Income Portfolio (Initial Class) Sub-Account (FVG) | 14027 | 378432 | 467800 | 467800 | 467800 |
|  Fidelity VIP Growth Portfolio (Initial Class) Sub-Account (FGP) | 23245 | 2046501 | 2271479 | 2271479 | 2271479 |
|  Fidelity VIP Growth Portfolio (Service Class 2) Sub-Account (F99) | 83743 | 7324949 | 7778019 | 7778019 | 7778019 |
|  Fidelity VIP High Income Portfolio (Initial Class) Sub-Account (FHI) | 63463 | 325001 | 309701 | 309701 | 309701 |
|  Fidelity VIP Index 500 Portfolio (Initial Class) Sub-Account (FIP) | 103 | 31162 | 68154 | 68154 | 68154 |
|  Fidelity VIP Investment Grade Bond Portfolio (Initial Class) Sub-Account (FIG) | 2304609 | 26698793 | 26180356 | 26180356 | 26180356 |

---

*The accompanying notes are an integral part of these financial statements.* 

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##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)** 

**DECEMBER 31, 2025** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | **Assets** | **Assets** | **Assets** | |
|  |<br>Shares | Cost | Investments at<br>Fair value | Total Assets |<br>Net Assets |
|  Fidelity VIP Mid Cap Portfolio (Initial Class) Sub-Account (FMC) | 89405 | $3297193 | $3353595 | $3353595 | $3353595 |
|  Fidelity VIP Government Money Market Portfolio (Service Class)<br>Sub-Account (FM8) | 53732964 | 53732964 | 53732964 | 53732964 | 53732964 |
|  Fidelity VIP Overseas Portfolio (Initial Class) Sub-Account (FOF) | 48691 | 1344411 | 1339965 | 1339965 | 1339965 |
|  Fidelity VIP Overseas Portfolio (Service Class 2) Sub-Account (F91) | 13824 | 376812 | 374901 | 374901 | 374901 |
|  First Eagle Overseas Variable Fund Sub-Account (FE3) | 33774 | 835267 | 942979 | 942979 | 942979 |
|  Franklin Templeton Foreign VIP Fund Class 1 Sub-Account (TFS) | 1783 | 26616 | 29649 | 29649 | 29649 |
|  Franklin Templeton Foreign VIP Fund Class 2 Sub-Account (T20) | 59276 | 816927 | 961461 | 961461 | 961461 |
|  Franklin Templeton Growth VIP Fund Class 1 Sub-Account (TSF) | 415516 | 5048602 | 6029138 | 6029138 | 6029138 |
|  Franklin Templeton Growth VIP Fund Class 2 Sub-Account (F56) ³ |  |  |  |  |  |
|  Franklin Templeton Mutual Shares VIP Fund Class 1 Sub-Account (FSS) ¹ |  |  |  |  |  |
|  Franklin Templeton Small-Mid Cap Growth VIP Fund Class 1<br>Sub-Account (FSC) | 699 | 14066 | 13031 | 13031 | 13031 |
|  Franklin Templeton VIP Global Real Estate Fund (Class 1) Sub-Account (FRE) | 4488 | 58976 | 60899 | 60899 | 60899 |
|  Goldman Sachs VIT U.S Equity Insights Fund I Class Sub-Account (G31) | 2178 | 47304 | 47455 | 47455 | 47455 |
|  Invesco V.I. American Franchise Fund Series I Sub-Account (V15) | 64726 | 3814375 | 5242784 | 5242784 | 5242784 |
|  Invesco V.I. Comstock Fund Series I Sub-Account (VCP) | 41791 | 766471 | 895167 | 895167 | 895167 |
|  Invesco V.I. Core Equity Fund I Sub-Account (A39) | 3033 | 86424 | 109287 | 109287 | 109287 |
|  Invesco V.I. Growth and Income Fund Series I Sub-Account (IB1) | 120193 | 2312900 | 2563720 | 2563720 | 2563720 |
|  Invesco V.I. EQV International Equity Fund Series I Sub-Account (A21) | 11957 | 435539 | 431751 | 431751 | 431751 |
|  Invesco V.I. Main Street Mid Cap Fund - Series I Sub-Account (A22) | 57013 | 616462 | 627717 | 627717 | 627717 |
|  Invesco V.I. Small Cap Equity Fund I Sub-Account (I76) | 30486 | 613862 | 611543 | 611543 | 611543 |
|  Janus Henderson VIT Mid Cap Value Portfolio Institutional Class<br>Sub-Account (MVP) | 15139 | 239765 | 269024 | 269024 | 269024 |
|  LVIP JPMorgan Core Bond Fund Standard Class Sub-Account (JM7) | 6213 | 61371 | 61859 | 61859 | 61859 |
|  LVIP JPMorgan Small Cap Core Fund Standard Class Sub-Account (J43) | 901 | 21451 | 19775 | 19775 | 19775 |
|  LVIP JPMorgan U.S. Equity Fund Standard Class Sub-Account (J32) | 15777 | 533477 | 778881 | 778881 | 778881 |
|  Lazard Retirement Emerging Markets Equity Portfolio Investor Class<br>Sub-Account (LRI) | 61475 | 1227022 | 1814139 | 1814139 | 1814139 |
|  MFS U.S. Government Money Market Portfolio Initial Class Sub-Account (MD8) | 115657432 | 115657432 | 115657432 | 115657432 | 115657432 |
|  MFS VIT Total Return Series Initial Class Sub-Account (M07) | 250641 | 5891362 | 5847453 | 5847453 | 5847453 |
|  MFS VIT Total Return Series Service Class Sub-Account (M35) | 157222 | 3488794 | 3559510 | 3559510 | 3559510 |
|  MFS VIT I Growth Series Initial Class Sub-Account (M31) ³ |  |  |  |  |  |
|  MFS VIT I Growth Series Service Class Sub-Account (M80) | 17671 | 998811 | 1072295 | 1072295 | 1072295 |
|  MFS VIT I Mid Cap Growth Series Initial Class Sub-Account (MF1) | 390182 | 3470659 | 3113649 | 3113649 | 3113649 |
|  MFS VIT I Mid Cap Growth Series Service Class Sub-Account (M41) | 28944 | 198944 | 190165 | 190165 | 190165 |
|  MFS VIT I New Discovery Series Service Class Sub-Account (M42) | 5006 | 52132 | 60574 | 60574 | 60574 |
|  MFS VIT I Total Return Bond Series Initial Class Sub-Account (M06) | 223817 | 2807531 | 2636562 | 2636562 | 2636562 |
|  MFS VIT I Research Series Initial Class Sub-Account (M33) |  | 12 | 11 | 11 | 11 |
|  MFS VIT I Utilities Series Initial Class Sub-Account (M44) | 19537 | 705304 | 737123 | 737123 | 737123 |
|  MFS VIT I Utilities Series Service Class Sub-Account (M40) | 912 | 27927 | 33580 | 33580 | 33580 |
|  MFS VIT I Value Series Initial Class Sub-Account (M83) | 393777 | 8586450 | 8765478 | 8765478 | 8765478 |
|  MFS VIT I Value Series Service Class Sub-Account (M08) | 38161 | 797972 | 823141 | 823141 | 823141 |
|  MFS VIT II Blended Research Core Equity Portfolio I Class Sub-Account (MB6) ¹ |  |  |  |  |  |
|  MFS VIT II Blended Research Core Equity Portfolio S Class Sub-Account (MB7) | 5826 | 308281 | 347828 | 347828 | 347828 |
|  MFS VIT II Corporate Bond Portfolio I Class Sub-Account (MC0) | 143003 | 1376847 | 1378550 | 1378550 | 1378550 |
|  MFS VIT II Corporate Bond Portfolio S Class Sub-Account (MA0) | 9270 | 86532 | 87883 | 87883 | 87883 |
|  MFS VIT II Core Equity Portfolio S Class Sub-Account (MC1) | 7585 | 225061 | 236109 | 236109 | 236109 |
|  MFS VIT II Emerging Markets Equity Portfolio I Class Sub-Account (MC3) | 29913 | 424989 | 527965 | 527965 | 527965 |
|  MFS VIT II Global Growth Portfolio I Class Sub-Account (MC6) | 57648 | 1558872 | 1508079 | 1508079 | 1508079 |
|  MFS VIT II Global Research Portfolio S Class Sub-Account (MC9) | 90436 | 2869832 | 3134495 | 3134495 | 3134495 |
|  MFS VIT II Government Securities Portfolio I Class Sub-Account (M96) | 643841 | 7536303 | 6966363 | 6966363 | 6966363 |
|  MFS VIT II Government Securities Portfolio S Class Sub-Account (MD2) |  | 3 | 2 | 2 | 2 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)** 

**DECEMBER 31, 2025** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | **Assets** | **Assets** | **Assets** | |
|  |<br>Shares | Cost | Investments at<br>Fair value | Total Assets |<br>Net Assets |
|  MFS VIT II High Yield Portfolio I Class Sub-Account (MA6) | 695997 | $3586443 | $3542625 | $3542625 | $3542625 |
|  MFS VIT II High Yield Portfolio Service Class Sub-Account (MA3) | 10325 | 50926 | 51831 | 51831 | 51831 |
|  MFS VIT II International Growth Portfolio I Class Sub-Account (M97) | 111787 | 1641252 | 2005455 | 2005455 | 2005455 |
|  MFS VIT II International Growth Portfolio S Class Sub-Account (MD5) | 129579 | 1964722 | 2280598 | 2280598 | 2280598 |
|  MFS VIT II International Intrinsic Value Portfolio Initial Class Sub-Account (M98) | 139265 | 4160097 | 5148620 | 5148620 | 5148620 |
|  MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class Sub-Account (MD6) | 1874 | 41529 | 42261 | 42261 | 42261 |
|  MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class Sub-Account (MB3) | 15314 | 315902 | 334917 | 334917 | 334917 |
|  MFS VIT II Research International Portfolio I Class Sub-Account (ME2) | 111655 | 1947816 | 2301219 | 2301219 | 2301219 |
|  MFS VIT II Income Portfolio S Class Sub-Account (MA7) | 2386 | 19413 | 20184 | 20184 | 20184 |
|  MFS VIT III Blended Research Small Cap Equity Portfolio Initial Class Sub-Account (MB8) | 252969 | 2489892 | 2471507 | 2471507 | 2471507 |
|  MFS VIT III Global Real Estate Portfolio Initial Class Sub-Account (MF6) | 519289 | 6785082 | 6589782 | 6589782 | 6589782 |
|  MFS VIT III Limited Maturity Portfolio Initial Class Sub-Account (MF2) | 253243 | 2556874 | 2588140 | 2588140 | 2588140 |
|  MFS VIT III Mid Cap Value Portfolio Initial Class Sub-Account (MG3) | 326760 | 3195328 | 3303540 | 3303540 | 3303540 |
|  Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio Class I Sub-Account (VMG) | 33353 | 144864 | 243477 | 243477 | 243477 |
|  Neuberger Berman AMT Mid-Cap Growth Portfolio Class I Sub-Account (NMC) | 1830 | 56416 | 53049 | 53049 | 53049 |
|  Neuberger Berman AMT Quality Equity Portfolio Class I Sub-Account (NSE) ² | 572 | 17043 | 24438 | 24438 | 24438 |
|  Invesco V.I. Discovery Large Cap Fund-Series I Sub-Account (O01) ² | 45146 | 2320421 | 2855488 | 2855488 | 2855488 |
|  Invesco V.I. Discovery Mid Cap Growth Fund, Series I Sub-Account (O00) | 485 | 28488 | 36477 | 36477 | 36477 |
|  Invesco V.I. Global Fund, Series I Sub-Account (OGS) | 100849 | 3621404 | 3827209 | 3827209 | 3827209 |
|  Invesco V.I. Main Street Small Cap Fund, Series I Sub-Account (OSC) | 71482 | 1784657 | 2040095 | 2040095 | 2040095 |
|  PIMCO VIT CommodityRealReturnTM Strategy Portfolio Admin Class Sub-Account (P10) | 235504 | 1519277 | 1481320 | 1481320 | 1481320 |
|  PIMCO VIT Emerging Markets Bond Portfolio Admin Class Sub-Account (PK8) | 237061 | 2514202 | 2707241 | 2707241 | 2707241 |
|  PIMCO VIT Real Return Portfolio Admin Class Sub-Account (P06) | 1282940 | 15431603 | 15408109 | 15408109 | 15408109 |
|  PIMCO VIT Total Return Portfolio Admin Class Sub-Account (P07) | 4087821 | 41613896 | 38629912 | 38629912 | 38629912 |
|  Royce Capital Fund - Small-Cap Portfolio Investment Class Sub-Account (SCP) | 119575 | 1123183 | 1126397 | 1126397 | 1126397 |
|  Rydex VT Nasdaq-100 Fund Sub-Account (R03) ¹ |  |  |  |  |  |
| T. Rowe Price Blue Chip Growth Portfolio Sub-Account (307) | 361343 | 17819430 | 23606551 | 23606551 | 23606551 |
| T. Rowe Price Equity Income Portfolio Sub-Account (REI) | 92221 | 2605722 | 2666100 | 2666100 | 2666100 |
| T. Rowe Price All-Cap Opportunities Portfolio Sub-Account (RNA) | 1833 | 64377 | 72682 | 72682 | 72682 |
|  Columbia Variable Portfolio - Acorn Fund Sub-Account (W42) ² | 2184 | 25757 | 34733 | 34733 | 34733 |

---

<sup>1</sup> *This sub-account is active but had zero balance as of December 31, 2025, and no activity for the years ended December 31, 2025 and 2024, respectively. Therefore, this sub-account is not disclosed in the Statement of Operations and Statements of Changes in Net Assets. Refer to Note 10 in the Variable Account's Notes to Financial Statements for more information.* 

<sup>2</sup> *This Sub-Account had a name change in 2025. Refer to Note 1 in the Variable Account's Notes to Financial Statements for more information.*

<sup>3</sup> *This sub-account is active but had zero balance as of December 31, 2025.* 

<sup>4</sup> *This Sub-Account was closed in 2024. Refer to Note 11 in the Variable Account's Notes to Financial Statements for more information.*

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)** 

**DECEMBER 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | Units | Net Assets |
|  A70 <sup>5</sup> |  | $15 |
|  A71 | 20537 | 1334969 |
|  AM2 |  |  |
|  IVP | 439 | 8241 |
|  A19 | 2706 | 262460 |
|  ASM | 31 | 1170 |
|  A54 | 12843 | 772400 |
|  A51 | 15641 | 547655 |
| 308 | 67266 | 4888057 |
| 301 | 287007 | 5150853 |
| 304 | 8870 | 686605 |
| 309 | 504 | 31428 |
| 306 | 12822 | 594521 |
| 303 | 1915 | 263820 |
| 302 | 65296 | 5727056 |
| 305 | 5034 | 175326 |
| 300 | 546395 | 18800137 |
|  BLG | 19882 | 686928 |
|  MSV | 12561 | 779122 |
|  C89 | 315 | 12339 |
|  C58 | 4 | 89 |
|  DRS | 99944 | 4414235 |
|  DSV | 67622 | 4227267 |
|  D37 | 23228 | 1974957 |
| 001 <sup>5</sup> |  | 5 |
|  SSI | 21150 | 1165354 |
|  D55 | 32153 | 2341397 |
|  S61 <sup>5</sup> |  | 15 |
|  D18 | 22997 | 1224204 |
|  DTG | 18061 | 2377312 |
|  DSI | 1666664 | 128476753 |
|  DCA | 83812 | 6626685 |
|  DSC | 830 | 36209 |
|  DGI | 1198 | 102270 |
|  FVI | 16935 | 1093257 |
|  FCN | 84526 | 16925267 |
|  F24 | 4286 | 596798 |
|  FEI | 224540 | 12149236 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)** 

**DECEMBER 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | Units | Net Assets |
|  FF1 | 12002 | $357862 |
|  FF2 | 23655 | 754393 |
|  FF3 | 102821 | 3836921 |
|  FVG | 6026 | 467800 |
|  FGP | 14591 | 2271479 |
|  F99 | 65143 | 7778019 |
|  FHI | 9338 | 309701 |
|  FIP | 522 | 68154 |
|  FIG | 824363 | 26180356 |
|  FMC | 61700 | 3353595 |
|  FM8 | 3736204 | 53732964 |
|  FOF | 33975 | 1339965 |
|  F91 | 7852 | 374901 |
|  FE3 | 25280 | 942979 |
|  TFS | 935 | 29649 |
|  T20 | 22611 | 961461 |
|  TSF | 116422 | 6029138 |
|  F56 |  |  |
|  FSC | 216 | 13031 |
|  FRE | 3329 | 60899 |
|  G31 | 527 | 47455 |
|  V15 | 84268 | 5242784 |
|  VCP | 13592 | 895167 |
|  A39 | 1404 | 109287 |
|  IB1 | 40604 | 2563720 |
|  A21 | 8396 | 431751 |
|  A22 | 12673 | 627717 |
|  I76 | 15293 | 611543 |
|  MVP | 6089 | 269024 |
|  JM7 | 3653 | 61859 |
|  J43 | 300 | 19775 |
|  J32 | 7107 | 778881 |
|  LRI | 52106 | 1814139 |
|  MD8 | 7244306 | 115657432 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)** 

**DECEMBER 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | Units | Net Assets |
|  M07 | 240577 | $5847453 |
|  M35 | 150990 | 3559510 |
|  M31 |  |  |
|  M80 | 15829 | 1072295 |
|  MF1 | 64939 | 3113649 |
|  M41 | 4031 | 190165 |
|  M42 | 2257 | 60574 |
|  M06 | 194658 | 2636562 |
|  M33 |  | 11 |
|  M44 | 34217 | 737123 |
|  M40 | 1604 | 33580 |
|  M83 | 224329 | 8765478 |
|  M08 | 30400 | 823141 |
|  MB7 | 3827 | 347828 |
|  MC0 | 60074 | 1378550 |
|  MA0 | 3542 | 87883 |
|  MC1 | 4124 | 236109 |
|  MC3 | 22262 | 527965 |
|  MC6 | 14264 | 1508079 |
|  MC9 | 53362 | 3134495 |
|  M96 | 254027 | 6966363 |
|  MD2 <sup>5</sup> |  | 2 |
|  MA6 | 195567 | 3542625 |
|  MA3 | 1253 | 51831 |
|  M97 | 50824 | 2005455 |
|  MD5 | 39156 | 2280598 |
|  M98 | 132581 | 5148620 |
|  MD6 | 593 | 42261 |
|  MB3 | 3898 | 334917 |
|  ME2 | 60270 | 2301219 |
|  MA7 | 827 | 20184 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)** 

**DECEMBER 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | Units | Net Assets |
|  MB8 | 56897 | $2471507 |
|  MF6 | 97063 | 6589782 |
|  MF2 | 171474 | 2588140 |
|  MG3 | 72875 | 3303540 |
|  VMG | 2412 | 243477 |
|  NMC | 584 | 53049 |
|  NSE | 1022 | 24438 |
|  O01 | 36017 | 2855488 |
|  O00 | 2032 | 36477 |
|  OGS | 55392 | 3827209 |
|  OSC | 27990 | 2040095 |
|  P10 | 126288 | 1481320 |
|  PK8 | 103541 | 2707241 |
|  P06 | 625115 | 15408109 |
|  P07 | 1553828 | 38629912 |
|  SCP | 30682 | 1126397 |
| 307 | 238654 | 23606551 |
|  REI | 37447 | 2666100 |
|  RNA | 599 | 72682 |
|  W42 | 809 | 34733 |

---

<sup>5</sup> Unit amount is less than 1 unit. 

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | A70****<br> Sub-Account | A71****<br> Sub-Account | IVP****<br> Sub-Account |
|  **Income:** | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $12031 | $185 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments |  | 33020 | 124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 2 | 112348 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 2 | 145368 | 124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (1) | (36716) | 1995 |
|  Net realized and change in unrealized gains (losses) | 1 | 108652 | 2119 |
|  **Net increase (decrease) in net assets from operations** | $1 | $120683 | $2304 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | A19****<br> Sub-Account | ASM****<br> Sub-Account | A54****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $348 | $— |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (1721) | (1579) | (7062) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  | 4498 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | (1721) | 2919 | (7062) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 12762 | (2327) | 129620 |
|  Net realized and change in unrealized gains (losses) | 11041 | 592 | 122558 |
|  **Net increase (decrease) in net assets from operations** | $11041 | $940 | $122558 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | A51****<br> Sub-Account | 308****<br> Sub-Account | 301****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $62822 | $198187 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (33768) | 42039 | (54124) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 6385 | 246873 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | (27383) | 288912 | (54124) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 67834 | 289132 | 116565 |
|  Net realized and change in unrealized gains (losses) | 40451 | 578044 | 62441 |
|  **Net increase (decrease) in net assets from operations** | $40451 | $640866 | $260628 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | 304****<br> Sub-Account | 309****<br> Sub-Account | 306****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $8728 | $400 | $1982 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 3367 | 330 | (1890) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 77986 | 950 | 12240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 81353 | 1280 | 10350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 33978 | 4382 | 63913 |
|  Net realized and change in unrealized gains (losses) | 115331 | 5662 | 74263 |
|  **Net increase (decrease) in net assets from operations** | $124059 | $6062 | $76245 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | 303****<br> Sub-Account | 302****<br> Sub-Account | 305****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $780 | $4870 | $10763 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 102811 | 54802 | 3318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 39861 | 86143 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 142672 | 140945 | 3318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (49417) | (70611) | (2475) |
|  Net realized and change in unrealized gains (losses) | 93255 | 70334 | 843 |
|  **Net increase (decrease) in net assets from operations** | $94035 | $75204 | $11606 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | 300****<br> Sub-Account | BLG****<br> Sub-Account | MSV****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $227107 | $22638 | $6152 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (373593) | 40583 | (414) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  | 52288 | 47589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | (373593) | 92871 | 47175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 4316009 | 8190 | 24770 |
|  Net realized and change in unrealized gains (losses) | 3942416 | 101061 | 71945 |
|  **Net increase (decrease) in net assets from operations** | $4169523 | $123699 | $78097 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | C89<br>Sub-Account | C58<br>Sub-Account | DRS<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $— | $131748 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 475 | 5 | 20884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 475 | 5 | 20884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 980 | 5 | (104755) |
|  Net realized and change in unrealized gains (losses) | 1455 | 10 | (83871) |
|  **Net increase (decrease) in net assets from operations** | $1455 | $10 | $47877 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | DSV****<br> Sub-Account | D37****<br> Sub-Account | SSI****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $49518 | $10550 | $15041 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 286805 | 116257 | (17035) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 241161 | 49717 | 64233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 527966 | 165974 | 47198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (235937) | 12351 | 73260 |
|  Net realized and change in unrealized gains (losses) | 292029 | 178325 | 120458 |
|  **Net increase (decrease) in net assets from operations** | $341547 | $188875 | $135499 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | D55****<br> Sub-Account | S61****<br> Sub-Account | D18****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $24702 | $— | $8109 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (64471) |  | (16454) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 136410 | 1 | 105407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 71939 | 1 | 88953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 215562 |  | 16608 |
|  Net realized and change in unrealized gains (losses) | 287501 | 1 | 105561 |
|  **Net increase (decrease) in net assets from operations** | $312203 | $1 | $113670 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | DTG****<br> Sub-Account | DSI****<br> Sub-Account | DCA****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $1259056 | $22909 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (51296) | 15269135 | (25620) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 908436 | 6863513 | 926995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 857140 | 22132648 | 901375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (322057) | (2691600) | (315944) |
|  Net realized and change in unrealized gains (losses) | 535083 | 19441048 | 585431 |
|  **Net increase (decrease) in net assets from operations** | $535083 | $20700104 | $608340 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | DSC****<br> Sub-Account | DGI****<br> Sub-Account | FVI****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $215 | $422 | $17832 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 108 | 218 | 13122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  | 7160 | 45038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 108 | 7378 | 58160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 3275 | 7046 | 71231 |
|  Net realized and change in unrealized gains (losses) | 3383 | 14424 | 129391 |
|  **Net increase (decrease) in net assets from operations** | $3598 | $14846 | $147223 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | FCN****<br> Sub-Account | F24****<br> Sub-Account | FEI****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $22071 | $— | $206302 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 480326 | 25613 | 88429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 2513063 | 91856 | 634838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 2993389 | 117469 | 723267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (6317) | (11410) | 1025019 |
|  Net realized and change in unrealized gains (losses) | 2987072 | 106059 | 1748286 |
|  **Net increase (decrease) in net assets from operations** | $3009143 | $106059 | $1954588 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | FF1<br>Sub-Account | FF2<br>Sub-Account | FF3<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $10562 | $20803 | $84003 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (4612) | 5191 | 113611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 12918 | 50111 | 146684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 8306 | 55302 | 260295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 19183 | 20802 | 156312 |
|  Net realized and change in unrealized gains (losses) | 27489 | 76104 | 416607 |
|  **Net increase (decrease) in net assets from operations** | $38051 | $96907 | $500610 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | FVG****<br> Sub-Account | FGP****<br> Sub-Account | F99****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $6742 | $6351 | $3713 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 29958 | 17999 | (22830) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 40962 | 279163 | 996300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 70920 | 297162 | 973470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 4625 | 74 | 108387 |
|  Net realized and change in unrealized gains (losses) | 75545 | 297236 | 1081857 |
|  **Net increase (decrease) in net assets from operations** | $82287 | $303587 | $1085570 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | FHI<br>Sub-Account | FIP<br>Sub-Account | FIG<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $19461 | $728 | $994173 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 10367 | 1623 | (3689034) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  | 319 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 10367 | 1942 | (3689034) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 1014 | 7850 | 4568914 |
|  Net realized and change in unrealized gains (losses) | 11381 | 9792 | 879880 |
|  **Net increase (decrease) in net assets from operations** | $30842 | $10520 | $1874053 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | FMC <br>Sub-Account | FM8 <br>Sub-Account | FOF <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $13477 | $2017588 | $20153 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 22966 |  | (1312) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 342721 |  | 112550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 365687 |  | 111238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (29575) |  | 104046 |
|  Net realized and change in unrealized gains (losses) | 336112 |  | 215284 |
|  **Net increase (decrease) in net assets from operations** | $349589 | $2017588 | $235437 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | F91<br>Sub-Account | FE3<br>Sub-Account | TFS<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $5970 | $15266 | $5803 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 24364 | 4835 | 50236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 38410 | 109882 | 14597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 62774 | 114717 | 64833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (5665) | 127239 | (18219) |
|  Net realized and change in unrealized gains (losses) | 57109 | 241956 | 46614 |
|  **Net increase (decrease) in net assets from operations** | $63079 | $257222 | $52417 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | T20 <br>Sub-Account | TSF <br>Sub-Account | F56<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $22187 | $60906 | $1 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 18339 | 54559 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 61952 | 403504 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 80291 | 458063 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 135890 | 683489 |  |
|  Net realized and change in unrealized gains (losses) | 216181 | 1141552 | 19 |
|  **Net increase (decrease) in net assets from operations** | $238368 | $1202458 | $20 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | FSC<br>Sub-Account | FRE<br>Sub-Account | G31<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $932 | $328 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (226) | (270) | 1670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 562 |  | 6203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 336 | (270) | 7873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 4 | 3941 | (1759) |
|  Net realized and change in unrealized gains (losses) | 340 | 3671 | 6114 |
|  **Net increase (decrease) in net assets from operations** | $340 | $4603 | $6442 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | V15****<br> Sub-Account | VCP <br>Sub-Account | A39 <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $13811 | $672 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 28396 | 24073 | 387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 472527 | 87082 | 7735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 500923 | 111155 | 8122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 48897 | 20783 | 6484 |
|  Net realized and change in unrealized gains (losses) | 549820 | 131938 | 14606 |
|  **Net increase (decrease) in net assets from operations** | $549820 | $145749 | $15278 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | IB1 <br>Sub-Account | A21 <br>Sub-Account | A22 <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $35136 | $5906 | $1976 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 268410 | 98 | 43765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 185627 | 26211 | 58289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 454037 | 26309 | 102054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 12716 | 29350 | (46274) |
|  Net realized and change in unrealized gains (losses) | 466753 | 55659 | 55780 |
|  **Net increase (decrease) in net assets from operations** | $501889 | $61565 | $57756 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | I76 <br>Sub-Account | MVP<br>Sub-Account | JM7<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $2062 | $2185 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 7659 | (252) | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 24994 | 22559 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 32653 | 22307 | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (13637) | (8379) | 1863 |
|  Net realized and change in unrealized gains (losses) | 19016 | 13928 | 1943 |
|  **Net increase (decrease) in net assets from operations** | $19016 | $15990 | $4128 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | J43<br>Sub-Account | J32 <br>Sub-Account | LRI <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $118 | $3391 | $49058 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (221) | 16833 | 227414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 1512 | 20655 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 1291 | 37488 | 227414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 454 | 55901 | 342360 |
|  Net realized and change in unrealized gains (losses) | 1745 | 93389 | 569774 |
|  **Net increase (decrease) in net assets from operations** | $1863 | $96780 | $618832 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | MD8 <br>Sub-Account | M07 <br>Sub-Account | M35 <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $4360892 | $150671 | $89381 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments |  | (1048) | (56711) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  | 401769 | 262963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) |  | 400721 | 206252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) |  | 33992 | 69715 |
|  Net realized and change in unrealized gains (losses) |  | 434713 | 275967 |
|  **Net increase (decrease) in net assets from operations** | $4360892 | $585384 | $365348 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | M80 <br>Sub-Account | MF1 <br>Sub-Account | M41 <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $— | $— |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (18372) | (121751) | 3933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 217770 | 509875 | 38836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 199398 | 388124 | 42769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (72489) | (237306) | (35811) |
|  Net realized and change in unrealized gains (losses) | 126909 | 150818 | 6958 |
|  **Net increase (decrease) in net assets from operations** | $126909 | $150818 | $6958 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | M42<br>Sub-Account | M06 <br>Sub-Account | M33<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $113779 | $3 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 2312 | (20455) | (79) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  |  | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 2312 | (20455) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 5064 | 85280 | 9 |
|  Net realized and change in unrealized gains (losses) | 7376 | 64825 | 8 |
|  **Net increase (decrease) in net assets from operations** | $7376 | $178604 | $11 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | M44 <br>Sub-Account | M40<br>Sub-Account | M83 <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $24462 | $871 | $164096 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 100905 | 20 | 332790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 11187 | 434 | 763380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 112092 | 454 | 1096170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (14064) | 3016 | (62332) |
|  Net realized and change in unrealized gains (losses) | 98028 | 3470 | 1033838 |
|  **Net increase (decrease) in net assets from operations** | $122490 | $4341 | $1197934 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | M08 <br>Sub-Account | MB7 <br>Sub-Account | MC0 <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $11207 | $2476 | $66602 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 11691 | 2313 | (1269080) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 61921 | 58607 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 73612 | 60920 | (1269080) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 35254 | (15185) | 1426932 |
|  Net realized and change in unrealized gains (losses) | 108866 | 45735 | 157852 |
|  **Net increase (decrease) in net assets from operations** | $120073 | $48211 | $224454 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | MA0<br>Sub-Account | MC1 <br>Sub-Account | MC3 <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $3594 | $523 | $10297 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 1233 | 323605 | (7053) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  | 23808 | 3481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 1233 | 347413 | (3572) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 921 | (281087) | 133842 |
|  Net realized and change in unrealized gains (losses) | 2154 | 66326 | 130270 |
|  **Net increase (decrease) in net assets from operations** | $5748 | $66849 | $140567 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | MC6 <br>Sub-Account | MC9 <br>Sub-Account | M96 <br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $5042 | $20797 | $348127 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 8647 | 44849 | (455626) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 181545 | 358684 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 190192 | 403533 | (455626) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (86568) | 50508 | 634663 |
|  Net realized and change in unrealized gains (losses) | 103624 | 454041 | 179037 |
|  **Net increase (decrease) in net assets from operations** | $108666 | $474838 | $527164 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | MA6****<br> Sub-Account | MA3****<br> Sub-Account | M97****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $228415 | $3344 | $17071 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (32903) | 785 | 37859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  |  | 101556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | (32903) | 785 | 139415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 78536 | 137 | 187010 |
|  Net realized and change in unrealized gains (losses) | 45633 | 922 | 326425 |
|  **Net increase (decrease) in net assets from operations** | $274048 | $4266 | $343496 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | MD5<br>Sub-Account | M98<br>Sub-Account | MD6<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $15961 | $71902 | $108 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 21468 | 60281 | 142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 118331 | 260505 | 5684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 139799 | 320786 | 5826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 236880 | 933106 | (2138) |
|  Net realized and change in unrealized gains (losses) | 376679 | 1253892 | 3688 |
|  **Net increase (decrease) in net assets from operations** | $392640 | $1325794 | $3796 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | MB3<br>Sub-Account | ME2<br>Sub-Account | MA7<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $55 | $41410 | $837 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 5036 | 134242 | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 48037 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 53073 | 134242 | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (23273) | 378060 | 467 |
|  Net realized and change in unrealized gains (losses) | 29800 | 512302 | 572 |
|  **Net increase (decrease) in net assets from operations** | $29855 | $553712 | $1409 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | MB8****<br> Sub-Account | MF6****<br> Sub-Account | MF2****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $22051 | $111640 | $109252 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 27965 | (301851) | 160982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 217830 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 245795 | (301851) | 160982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (106866) | 420971 | 176315 |
|  Net realized and change in unrealized gains (losses) | 138929 | 119120 | 337297 |
|  **Net increase (decrease) in net assets from operations** | $160980 | $230760 | $446549 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | MG3<br>Sub-Account | VMG<br>Sub-Account | NMC<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $33737 | $1042 | $— |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 165665 | 1254 | 557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 293632 |  | 7002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 459297 | 1254 | 7559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (293297) | 29093 | (4676) |
|  Net realized and change in unrealized gains (losses) | 166000 | 30347 | 2883 |
|  **Net increase (decrease) in net assets from operations** | $199737 | $31389 | $2883 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | NSE<br>Sub-Account | O01<br>Sub-Account | O00<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $— | $— |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 315 | 39403 | 277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 1387 | 326901 | 3038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 1702 | 366304 | 3315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 1249 | (28509) | (1640) |
|  Net realized and change in unrealized gains (losses) | 2951 | 337795 | 1675 |
|  **Net increase (decrease) in net assets from operations** | $2951 | $337795 | $1675 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | OGS****<br> Sub-Account | OSC****<br> Sub-Account | P10****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $8937 | $39702 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (216968) | 94930 | 39739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 673280 | 200596 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 456312 | 295526 | 39739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 78051 | (137225) | 154548 |
|  Net realized and change in unrealized gains (losses) | 534363 | 158301 | 194287 |
|  **Net increase (decrease) in net assets from operations** | $534363 | $167238 | $233989 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | PK8****<br> Sub-Account | P06****<br> Sub-Account | P07****<br> Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $185778 | $505834 | $1546856 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | (52846) | (47166) | (1140269) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | (52846) | (47166) | (1140269) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 245204 | 683830 | 2806690 |
|  Net realized and change in unrealized gains (losses) | 192358 | 636664 | 1666421 |
|  **Net increase (decrease) in net assets from operations** | $378136 | $1142498 | $3213277 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | SCP<br>Sub-Account | 307<br>Sub-Account | REI<br>Sub-Account |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $19948 | $— | $41496 |
|  **Net realized and change in unrealized gains (losses):** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 95852 | 1870407 | 101395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 76656 | 1918919 | 251155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 172508 | 3789326 | 352550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | (83162) | 452048 | (48292) |
|  Net realized and change in unrealized gains (losses) | 89346 | 4241374 | 304258 |
|  **Net increase (decrease) in net assets from operations** | $109294 | $4241374 | $345754 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENT OF OPERATIONS (CONTINUED)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | RNA<br>Sub-Account | W42<br>Sub-Account |
|  **Income:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | $— | $— |
|  **Net realized and change in unrealized gains (losses):** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) on sale of investments | 1522 | 451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized gain distributions | 7998 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gains (losses) | 9520 | 451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation/ (depreciation) | 854 | 1014 |
|  Net realized and change in unrealized gains (losses) | 10374 | 1465 |
|  **Net increase (decrease) in net assets from operations** | $10374 | $1465 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | A70 Sub-Account | A70 Sub-Account | A71 Sub-Account | A71 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $12031 | $8594 |
|  Net realized gains (losses) | 2 |  | 145368 | 39667 |
|  Net change in unrealized appreciation/ (depreciation) | (1) | 1 | (36716) | 46309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 1 | 1 | 120683 | 94570 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  |  | 19149 | 28572 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  |  | 611737 | (217874) |
|  Withdrawals, surrenders and contract charges |  |  | (91488) |  |
|  Mortality and expense risk charges |  |  | (3154) | (2381) |
|  Cost of insurance charges |  |  | (16719) | (10711) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions |  |  | 519525 | (202394) |
|  Total increase (decrease) in net assets | 1 | 1 | 640208 | (107824) |
|  Net assets at beginning of year | 14 | 13 | 694761 | 802585 |
|  Net assets at end of year | $15 | $14 | $1334969 | $694761 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | AM2 Sub-Account<sup>6</sup> | AM2 Sub-Account<sup>6</sup> | IVP Sub-Account | IVP Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $185 | $136 |
|  Net realized gains (losses) |  | (169702) | 124 | 65 |
|  Net change in unrealized appreciation/ (depreciation) |  | 181348 | 1995 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations |  | 11646 | 2304 | 208 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  |  | 1159 | 808 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  | (1602909) |  | 1 |
|  Withdrawals, surrenders and contract charges |  | (10) |  |  |
|  Mortality and expense risk charges |  | (473) | (31) | (21) |
|  Cost of insurance charges |  | (3668) | (257) | (220) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions |  | (1607060) | 871 | 568 |
|  Total increase (decrease) in net assets |  | (1595414) | 3175 | 776 |
|  Net assets at beginning of year |  | 1595414 | 5066 | 4290 |
|  Net assets at end of year | $— | $— | $8241 | $5066 |

---

<sup>6</sup> *The activities for this Sub-Account are for the period from January 1, 2024 to April 15, 2024. Refer to Note 10 for details on closed Sub-Accounts.*

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | A19 Sub-Account | A19 Sub-Account | ASM Sub-Account | ASM Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $348 | $352 |
|  Net realized gains (losses) | (1721) | (2205) | 2919 | 2270 |
|  Net change in unrealized appreciation/ (depreciation) | 12762 | 43063 | (2327) | 1226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 11041 | 40858 | 940 | 3848 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  |  | 1154 | 1176 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  | (1) | (40519) | 1 |
|  Withdrawals, surrenders and contract charges |  |  |  |  |
|  Mortality and expense risk charges | (623) | (612) | (67) | (84) |
|  Cost of insurance charges | (6284) | (5860) | (1764) | (2025) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (6907) | (6473) | (41196) | (932) |
|  Total increase (decrease) in net assets | 4134 | 34385 | (40256) | 2916 |
|  Net assets at beginning of year | 258326 | 223941 | 41426 | 38510 |
|  Net assets at end of year | $262460 | $258326 | $1170 | $41426 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | A54 Sub-Account | A54 Sub-Account | A51 Sub-Account | A51 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $— | $1740 |
|  Net realized gains (losses) | (7062) | (206947) | (27383) | (54349) |
|  Net change in unrealized appreciation/ (depreciation) | 129620 | 350916 | 67834 | 86707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 122558 | 143969 | 40451 | 34098 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  | 49 | 38668 | 31555 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (68057) | (231754) | 28301 | (199) |
|  Withdrawals, surrenders and contract charges | (14612) | (383) |  |  |
|  Mortality and expense risk charges |  |  | (2008) | (1780) |
|  Cost of insurance charges |  | (32) | (7078) | (7068) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (82669) | (232120) | 57883 | 22508 |
|  Total increase (decrease) in net assets | 39889 | (88151) | 98334 | 56606 |
|  Net assets at beginning of year | 732511 | 820662 | 449321 | 392715 |
|  Net assets at end of year | $772400 | $732511 | $547655 | $449321 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 308 Sub-Account | 308 Sub-Account | 301 Sub-Account | 301 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $62822 | $51856 | $198187 | $76899 |
|  Net realized gains (losses) | 288912 | 41404 | (54124) | (48761) |
|  Net change in unrealized appreciation/ (depreciation) | 289132 | 448778 | 116565 | (5952) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 640866 | 542038 | 260628 | 22186 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 2009 | 52765 | 134906 | 109096 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 901937 | 150473 | 2997490 | (104435) |
|  Withdrawals, surrenders and contract charges |  | (1320) | (39259) | (18186) |
|  Mortality and expense risk charges | (5552) | (4081) | (8855) | (5009) |
|  Cost of insurance charges | (28092) | (21945) | (50297) | (23349) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 870302 | 175892 | 3033985 | (41883) |
|  Total increase (decrease) in net assets | 1511168 | 717930 | 3294613 | (19697) |
|  Net assets at beginning of year | 3376889 | 2658959 | 1856240 | 1875937 |
|  Net assets at end of year | $4888057 | $3376889 | $5150853 | $1856240 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 304 Sub-Account | 304 Sub-Account | 309 Sub-Account | 309 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $8728 | $9015 | $400 | $361 |
|  Net realized gains (losses) | 81353 | 20397 | 1280 | 163 |
|  Net change in unrealized appreciation/ (depreciation) | 33978 | 42281 | 4382 | 2183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 124059 | 71693 | 6062 | 2707 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 2575 | 1614 | 5184 | 2755 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (3454) | (23557) |  | 55 |
|  Withdrawals, surrenders and contract charges |  |  |  | (1052) |
|  Mortality and expense risk charges | (2377) | (2189) | (90) | (74) |
|  Cost of insurance charges | (12444) | (11669) | (1861) | (1533) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (15700) | (35801) | 3233 | 151 |
|  Total increase (decrease) in net assets | 108359 | 35892 | 9295 | 2858 |
|  Net assets at beginning of year | 578246 | 542354 | 22133 | 19275 |
|  Net assets at end of year | $686605 | $578246 | $31428 | $22133 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 306 Sub-Account | 306 Sub-Account | 303 Sub-Account | 303 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $1982 | $5341 | $780 | $1467 |
|  Net realized gains (losses) | 10350 | 17507 | 142672 | (10784) |
|  Net change in unrealized appreciation/ (depreciation) | 63913 | (11204) | (49417) | 136485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 76245 | 11644 | 94035 | 127168 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 484 |  | 15805 | 14691 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 20516 | 30084 | (295881) | (99537) |
|  Withdrawals, surrenders and contract charges |  | (1) | (3) | (1621) |
|  Mortality and expense risk charges | (2064) | (1907) | (796) | (814) |
|  Cost of insurance charges | (9658) | (9282) | (27221) | (27712) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 9278 | 18894 | (308096) | (114993) |
|  Total increase (decrease) in net assets | 85523 | 30538 | (214061) | 12175 |
|  Net assets at beginning of year | 508998 | 478460 | 477881 | 465706 |
|  Net assets at end of year | $594521 | $508998 | $263820 | $477881 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 302 Sub-Account | 302 Sub-Account | 305 Sub-Account | 305 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $4870 | $5722 | $10763 | $9500 |
|  Net realized gains (losses) | 140945 | 26231 | 3318 | 348 |
|  Net change in unrealized appreciation/ (depreciation) | (70611) | 65467 | (2475) | 1128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 75204 | 97420 | 11606 | 10976 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 4357 | 2910 | 455 |  |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 5084796 | 7035 | 9169 | 15557 |
|  Withdrawals, surrenders and contract charges | (402) | (1) | (127) |  |
|  Mortality and expense risk charges | (1433) | (1002) | (297) | (226) |
|  Cost of insurance charges | (13077) | (10004) | (2353) | (1905) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 5074241 | (1062) | 6847 | 13426 |
|  Total increase (decrease) in net assets | 5149445 | 96358 | 18453 | 24402 |
|  Net assets at beginning of year | 577611 | 481253 | 156873 | 132471 |
|  Net assets at end of year | $5727056 | $577611 | $175326 | $156873 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 300 Sub-Account | 300 Sub-Account | BLG Sub-Account | BLG Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $227107 | $201960 | $22638 | $8903 |
|  Net realized gains (losses) | (373593) | (145993) | 92871 | 41273 |
|  Net change in unrealized appreciation/ (depreciation) | 4316009 | 583821 | 8190 | 9310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 4169523 | 639788 | 123699 | 59486 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 12481 | 4300 | 22408 | 26473 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (435802) | (840620) | (1351) | (120) |
|  Withdrawals, surrenders and contract charges | (847472) | (826125) | (24441) | (1685) |
|  Mortality and expense risk charges | (34596) | (35753) | (1135) | (1109) |
|  Cost of insurance charges | (266361) | (382945) | (90383) | (87657) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (1571750) | (2081143) | (94902) | (64098) |
|  Total increase (decrease) in net assets | 2597773 | (1441355) | 28797 | (4612) |
|  Net assets at beginning of year | 16202364 | 17643719 | 658131 | 662743 |
|  Net assets at end of year | $18800137 | $16202364 | $686928 | $658131 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MSV Sub-Account | MSV Sub-Account | C89 Sub-Account | C89 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $6152 | $5394 | $— | $— |
|  Net realized gains (losses) | 47175 | (964) | 475 | 412 |
|  Net change in unrealized appreciation/ (depreciation) | 24770 | 72119 | 980 | 1247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 78097 | 76549 | 1455 | 1659 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 2066 | 3275 | 2122 | 1484 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  |  | (3) | 67 |
|  Withdrawals, surrenders and contract charges |  |  |  | (257) |
|  Mortality and expense risk charges | (788) | (741) | (50) | (43) |
|  Cost of insurance charges | (8114) | (7412) | (822) | (530) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (6836) | (4878) | 1247 | 721 |
|  Total increase (decrease) in net assets | 71261 | 71671 | 2702 | 2380 |
|  Net assets at beginning of year | 707861 | 636190 | 9637 | 7257 |
|  Net assets at end of year | $779122 | $707861 | $12339 | $9637 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | C58 Sub-Account | C58 Sub-Account | DRS Sub-Account | DRS Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $131748 | $129877 |
|  Net realized gains (losses) | 5 |  | 20884 | 49264 |
|  Net change in unrealized appreciation/ (depreciation) | 5 |  | (104755) | 153143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 10 |  | 47877 | 332284 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 68 |  | 86420 | 70962 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 94 |  | 302267 | 1735085 |
|  Withdrawals, surrenders and contract charges |  |  | (111735) | (24301) |
|  Mortality and expense risk charges | (2) |  | (6290) | (5452) |
|  Cost of insurance charges | (81) |  | (67280) | (67780) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 79 |  | 203382 | 1708514 |
|  Total increase (decrease) in net assets | 89 |  | 251259 | 2040798 |
|  Net assets at beginning of year |  |  | 4162976 | 2122178 |
|  Net assets at end of year | $89 | $— | $4414235 | $4162976 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | DSV Sub-Account | DSV Sub-Account | D37 Sub-Account | D37 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $49518 | $51252 | $10550 | $11342 |
|  Net realized gains (losses) | 527966 | 297667 | 165974 | 155128 |
|  Net change in unrealized appreciation/ (depreciation) | (235937) | 37976 | 12351 | 87750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 341547 | 386895 | 188875 | 254220 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 13708 | 10779 | 5825 | 5642 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 180752 | 26112 | (55618) | (87975) |
|  Withdrawals, surrenders and contract charges | (65238) | (109123) | (51561) | (51394) |
|  Mortality and expense risk charges | (27486) | (24980) | (4312) | (4175) |
|  Cost of insurance charges | (232745) | (211686) | (24318) | (24118) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (131009) | (308898) | (129984) | (162020) |
|  Total increase (decrease) in net assets | 210538 | 77997 | 58891 | 92200 |
|  Net assets at beginning of year | 4016729 | 3938732 | 1916066 | 1823866 |
|  Net assets at end of year | $4227267 | $4016729 | $1974957 | $1916066 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 001 Sub-Account | 001 Sub-Account | SSI Sub-Account | SSI Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $15041 | $9549 |
|  Net realized gains (losses) |  |  | 47198 | 3960 |
|  Net change in unrealized appreciation/ (depreciation) |  |  | 73260 | 51972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations |  |  | 135499 | 65481 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  |  | 12343 | 218 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 1 |  | 3497 | 269950 |
|  Withdrawals, surrenders and contract charges |  |  | (36928) | (60080) |
|  Mortality and expense risk charges |  |  | (1087) | (828) |
|  Cost of insurance charges |  |  | (22658) | (17801) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 1 |  | (44833) | 191459 |
|  Total increase (decrease) in net assets | 1 |  | 90666 | 256940 |
|  Net assets at beginning of year | 4 | 4 | 1074688 | 817748 |
|  Net assets at end of year | $5 | $4 | $1165354 | $1074688 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | D55 Sub-Account | D55 Sub-Account | S61 Sub-Account | S61 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $24702 | $18556 | $— | $— |
|  Net realized gains (losses) | 71939 | 41429 | 1 | 1 |
|  Net change in unrealized appreciation/ (depreciation) | 215562 | 152843 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 312203 | 212828 | 1 | 1 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  | 408 |  |  |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (39593) | 1161 | 1 |  |
|  Withdrawals, surrenders and contract charges | (1741) | (46310) |  |  |
|  Mortality and expense risk charges | (4428) | (4129) |  |  |
|  Cost of insurance charges | (35549) | (35471) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (81311) | (84341) | 1 |  |
|  Total increase (decrease) in net assets | 230892 | 128487 | 2 | 1 |
|  Net assets at beginning of year | 2110505 | 1982018 | 13 | 12 |
|  Net assets at end of year | $2341397 | $2110505 | $15 | $13 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | D18 Sub-Account | D18 Sub-Account | DTG Sub-Account | DTG Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $8109 | $5317 | $— | $— |
|  Net realized gains (losses) | 88953 | 8305 | 857140 | (12382) |
|  Net change in unrealized appreciation/ (depreciation) | 16608 | 28823 | (322057) | 370553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 113670 | 42445 | 535083 | 358171 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 23704 | 1395 | 143445 | 120663 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 26852 | 528078 |  |  |
|  Withdrawals, surrenders and contract charges | (75068) |  | (41552) | (41489) |
|  Mortality and expense risk charges | (1215) | (740) | (6695) | (5377) |
|  Cost of insurance charges | (24849) | (12099) | (20161) | (17191) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (50576) | 516634 | 75037 | 56606 |
|  Total increase (decrease) in net assets | 63094 | 559079 | 610120 | 414777 |
|  Net assets at beginning of year | 1161110 | 602031 | 1767192 | 1352415 |
|  Net assets at end of year | $1224204 | $1161110 | $2377312 | $1767192 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | DSI Sub-Account | DSI Sub-Account | DCA Sub-Account | DCA Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $1259056 | $1423327 | $22909 | $25033 |
|  Net realized gains (losses) | 22132648 | 11146048 | 901375 | 329991 |
|  Net change in unrealized appreciation/ (depreciation) | (2691600) | 13874014 | (315944) | 350924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 20700104 | 26443389 | 608340 | 705948 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 337670 | 313770 | 512 | 357 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (16035452) | (3721348) |  |  |
|  Withdrawals, surrenders and contract charges | (2809711) | (3432865) | (1) | (248993) |
|  Mortality and expense risk charges | (226247) | (228664) | (6262) | (5959) |
|  Cost of insurance charges | (1581884) | (1797839) | (50828) | (46644) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (20315624) | (8866946) | (56579) | (301239) |
|  Total increase (decrease) in net assets | 384480 | 17576443 | 551761 | 404709 |
|  Net assets at beginning of year | 128092273 | 110515830 | 6074924 | 5670215 |
|  Net assets at end of year | $128476753 | $128092273 | $6626685 | $6074924 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | DSC Sub-Account | DSC Sub-Account | DGI Sub-Account | DGI Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $215 | $201 | $422 | $441 |
|  Net realized gains (losses) | 108 | 69 | 7378 | 4104 |
|  Net change in unrealized appreciation/ (depreciation) | 3275 | 1100 | 7046 | 11730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 3598 | 1370 | 14846 | 16275 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 2426 | 1692 | 1664 | 1355 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  |  |  |  |
|  Withdrawals, surrenders and contract charges | 1 |  | 1 |  |
|  Mortality and expense risk charges | (32) | (42) | (108) | (142) |
|  Cost of insurance charges | (1035) | (982) | (1612) | (1491) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 1360 | 668 | (55) | (278) |
|  Total increase (decrease) in net assets | 4958 | 2038 | 14791 | 15997 |
|  Net assets at beginning of year | 31251 | 29213 | 87479 | 71482 |
|  Net assets at end of year | $36209 | $31251 | $102270 | $87479 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | FVI Sub-Account | FVI Sub-Account | FCN Sub-Account | FCN Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $17832 | $15365 | $22071 | $25282 |
|  Net realized gains (losses) | 58160 | 30458 | 2993389 | 1842944 |
|  Net change in unrealized appreciation/ (depreciation) | 71231 | 74461 | (6317) | 1802948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 147223 | 120284 | 3009143 | 3671174 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 102279 | 83154 | 7558 | 16858 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 166 |  | (208822) | 193285 |
|  Withdrawals, surrenders and contract charges | (26842) | (9248) | (206847) | (145452) |
|  Mortality and expense risk charges | (3461) | (2867) | (11076) | (9620) |
|  Cost of insurance charges | (14964) | (13300) | (122274) | (106544) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 57178 | 57739 | (541461) | (51473) |
|  Total increase (decrease) in net assets | 204401 | 178023 | 2467682 | 3619701 |
|  Net assets at beginning of year | 888856 | 710833 | 14457585 | 10837884 |
|  Net assets at end of year | $1093257 | $888856 | $16925267 | $14457585 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | F24 Sub-Account | F24 Sub-Account | FEI Sub-Account | FEI Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $212 | $206302 | $183009 |
|  Net realized gains (losses) | 117469 | 126451 | 723267 | 676966 |
|  Net change in unrealized appreciation/ (depreciation) | (11410) | 26197 | 1025019 | 544779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 106059 | 152860 | 1954588 | 1404754 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 24045 | 24444 | 5136 | 19488 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 2599 | 713 | (87253) | 24617 |
|  Withdrawals, surrenders and contract charges | 1 | (144584) | (54845) | (214955) |
|  Mortality and expense risk charges | (1135) | (1137) | (11297) | (10240) |
|  Cost of insurance charges | (63672) | (56146) | (104100) | (93688) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (38162) | (176710) | (252359) | (274778) |
|  Total increase (decrease) in net assets | 67897 | (23850) | 1702229 | 1129976 |
|  Net assets at beginning of year | 528901 | 552751 | 10447007 | 9317031 |
|  Net assets at end of year | $596798 | $528901 | $12149236 | $10447007 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | FF1 Sub-Account | FF1 Sub-Account | FF2 Sub-Account | FF2 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $10562 | $10960 | $20803 | $25262 |
|  Net realized gains (losses) | 8306 | (11536) | 55302 | (96255) |
|  Net change in unrealized appreciation/ (depreciation) | 19183 | 24142 | 20802 | 143957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 38051 | 23566 | 96907 | 72964 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 145 |  |  |  |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 3631 | (20791) | (246433) | 134616 |
|  Withdrawals, surrenders and contract charges | (7039) | (55679) | (10271) | (272497) |
|  Mortality and expense risk charges | (323) | (351) | (741) | (954) |
|  Cost of insurance charges | (3258) | (4562) | (6334) | (9539) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (6844) | (81383) | (263779) | (148374) |
|  Total increase (decrease) in net assets | 31207 | (57817) | (166872) | (75410) |
|  Net assets at beginning of year | 326655 | 384472 | 921265 | 996675 |
|  Net assets at end of year | $357862 | $326655 | $754393 | $921265 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | FF3 Sub-Account | FF3 Sub-Account | FVG Sub-Account | FVG Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $84003 | $64132 | $6742 | $5993 |
|  Net realized gains (losses) | 260295 | (41559) | 70920 | 31937 |
|  Net change in unrealized appreciation/ (depreciation) | 156312 | 226982 | 4625 | 35705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 500610 | 249555 | 82287 | 73635 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 36318 | 24273 | 8173 | 5610 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 507036 | 611501 | 62721 | 37970 |
|  Withdrawals, surrenders and contract charges | (46844) | (1152171) | (96539) |  |
|  Mortality and expense risk charges | (4085) | (3387) | (526) | (453) |
|  Cost of insurance charges | (74098) | (59139) | (16242) | (12429) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 418327 | (578923) | (42413) | 30698 |
|  Total increase (decrease) in net assets | 918937 | (329368) | 39874 | 104333 |
|  Net assets at beginning of year | 2917984 | 3247352 | 427926 | 323593 |
|  Net assets at end of year | $3836921 | $2917984 | $467800 | $427926 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | FGP Sub-Account | FGP Sub-Account | F99 Sub-Account | F99 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $6351 | $16 | $3713 | $— |
|  Net realized gains (losses) | 297162 | 414372 | 973470 | 1733780 |
|  Net change in unrealized appreciation/ (depreciation) | 74 | 15535 | 108387 | 35267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 303587 | 429923 | 1085570 | 1769047 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 177214 | 145497 | 63528 | 79696 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (1) | 23012 | (344417) | (396368) |
|  Withdrawals, surrenders and contract charges | (56016) | (43562) | (462432) |  |
|  Mortality and expense risk charges | (7017) | (5807) | (18325) | (18497) |
|  Cost of insurance charges | (28840) | (26224) | (137067) | (131108) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 85340 | 92916 | (898713) | (466277) |
|  Total increase (decrease) in net assets | 388927 | 522839 | 186857 | 1302770 |
|  Net assets at beginning of year | 1882552 | 1359713 | 7591162 | 6288392 |
|  Net assets at end of year | $2271479 | $1882552 | $7778019 | $7591162 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | FHI Sub-Account | FHI Sub-Account | FIP Sub-Account | FIP Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $19461 | $16957 | $728 | $711 |
|  Net realized gains (losses) | 10367 | (1614) | 1942 | 901 |
|  Net change in unrealized appreciation/ (depreciation) | 1014 | 7586 | 7850 | 10398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 30842 | 22929 | 10520 | 12010 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 33758 | 39528 | 176 | 235 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (577) | 1 | (1309) | (8) |
|  Withdrawals, surrenders and contract charges | (31632) | (2025) |  |  |
|  Mortality and expense risk charges | (845) | (770) | (64) | (61) |
|  Cost of insurance charges | (10955) | (10426) | (702) | (608) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (10251) | 26308 | (1899) | (442) |
|  Total increase (decrease) in net assets | 20591 | 49237 | 8621 | 11568 |
|  Net assets at beginning of year | 289110 | 239873 | 59533 | 47965 |
|  Net assets at end of year | $309701 | $289110 | $68154 | $59533 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | FIG Sub-Account | FIG Sub-Account | FMC Sub-Account | FMC Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $994173 | $1086842 | $13477 | $15315 |
|  Net realized gains (losses) | (3689034) | (528862) | 365687 | 407098 |
|  Net change in unrealized appreciation/ (depreciation) | 4568914 | (154357) | (29575) | 15914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 1874053 | 403623 | 349589 | 438327 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 102575 | 6422 | 16174 | 11216 |
|  Transfers between Sub - Accounts (including the Fixed Account), net | 155909 | 3843897 | 83836 | 46380 |
|  Withdrawals, surrenders and contract charges | (9264667) | (448788) | (33263) |  |
|  Mortality and expense risk charges | (35538) | (37097) | (4358) | (3978) |
|  Cost of insurance charges | (401938) | (452447) | (42083) | (38857) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (9443659) | 2911987 | 20306 | 14761 |
|  Total increase (decrease) in net assets | (7569606) | 3315610 | 369895 | 453088 |
|  Net assets at beginning of year | 33749962 | 30434352 | 2983700 | 2530612 |
|  Net assets at end of year | $26180356 | $33749962 | $3353595 | $2983700 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | FM8 Sub-Account | FM8 Sub-Account | FOF Sub-Account | FOF Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $2017588 | $1880600 | $20153 | $18816 |
|  Net realized gains (losses) |  |  | 111238 | 57127 |
|  Net change in unrealized appreciation/ (depreciation) |  |  | 104046 | (109685) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 2017588 | 1880600 | 235437 | (33742) |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 239876 | 185153 | 40511 | 1482 |
|  Transfers between Sub - Accounts (including the Fixed Account), net | 15470459 | (325854) | (28951) | 940155 |
|  Withdrawals, surrenders and contract charges | (1115875) | (941288) | (118786) |  |
|  Mortality and expense risk charges | (111072) | (84331) | (2377) | (1451) |
|  Cost of insurance charges | (877194) | (688570) | (30340) | (9218) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 13606194 | (1854890) | (139943) | 930968 |
|  Total increase (decrease) in net assets | 15623782 | 25710 | 95494 | 897226 |
|  Net assets at beginning of year | 38109182 | 38083472 | 1244471 | 347245 |
|  Net assets at end of year | $53732964 | $38109182 | $1339965 | $1244471 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | F91 Sub-Account | F91 Sub-Account | FE3 Sub-Account | FE3 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $5970 | $4406 | $15266 | $11584 |
|  Net realized gains (losses) | 62774 | 24883 | 114717 | 5146 |
|  Net change in unrealized appreciation/ (depreciation) | (5665) | (21051) | 127239 | 21035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 63079 | 8238 | 257222 | 37765 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 14902 | 5941 | 66554 | 54767 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 6049 | 70287 |  | (1) |
|  Withdrawals, surrenders and contract charges | (248) |  | (17324) | (11148) |
|  Mortality and expense risk charges | (769) | (590) | (2590) | (2038) |
|  Cost of insurance charges | (24785) | (21370) | (8706) | (6555) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (4851) | 54268 | 37934 | 35025 |
|  Total increase (decrease) in net assets | 58228 | 62506 | 295156 | 72790 |
|  Net assets at beginning of year | 316673 | 254167 | 647823 | 575033 |
|  Net assets at end of year | $374901 | $316673 | $942979 | $647823 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TFS Sub-Account | TFS Sub-Account | T20 Sub-Account | T20 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $5803 | $5429 | $22187 | $21412 |
|  Net realized gains (losses) | 64833 | 3981 | 80291 | (2682) |
|  Net change in unrealized appreciation/ (depreciation) | (18219) | (10407) | 135890 | (25650) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 52417 | (997) | 238368 | (6920) |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 4792 | 6122 | 8382 | 12306 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (218467) |  | 3897 | (31366) |
|  Withdrawals, surrenders and contract charges |  | (13422) | (94007) |  |
|  Mortality and expense risk charges | (390) | (454) | (2539) | (2637) |
|  Cost of insurance charges | (6413) | (7304) | (14316) | (13689) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (220478) | (15058) | (98583) | (35386) |
|  Total increase (decrease) in net assets | (168061) | (16055) | 139785 | (42306) |
|  Net assets at beginning of year | 197710 | 213765 | 821676 | 863982 |
|  Net assets at end of year | $29649 | $197710 | $961461 | $821676 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TSF Sub-Account | TSF Sub-Account | F56 Sub-Account | F56 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $60906 | $58843 | $1 | $1 |
|  Net realized gains (losses) | 458063 | 51969 | 19 | 27 |
|  Net change in unrealized appreciation/ (depreciation) | 683489 | 160886 |  | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 1202458 | 271698 | 20 | 20 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  |  | 465 | 434 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (122046) | 22072 | 2 | 1 |
|  Withdrawals, surrenders and contract charges | (21805) | (98866) |  |  |
|  Mortality and expense risk charges | (4419) | (4039) |  |  |
|  Cost of insurance charges | (39474) | (35672) | (491) | (526) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (187744) | (116505) | (24) | (91) |
|  Total increase (decrease) in net assets | 1014714 | 155193 | (4) | (71) |
|  Net assets at beginning of year | 5014424 | 4859231 | 4 | 75 |
|  Net assets at end of year | $6029138 | $5014424 | $— | $4 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | FSC Sub-Account | FSC Sub-Account | FRE Sub-Account | FRE Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $932 | $1403 |
|  Net realized gains (losses) | 336 | (282) | (270) | (2069) |
|  Net change in unrealized appreciation/ (depreciation) | 4 | 1488 | 3941 | 704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 340 | 1206 | 4603 | 38 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 1305 | 918 |  |  |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 2 | 2 | (11178) | (3059) |
|  Withdrawals, surrenders and contract charges | (3) |  |  |  |
|  Mortality and expense risk charges | (25) | (22) | (62) | (69) |
|  Cost of insurance charges | (463) | (459) | (800) | (2715) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 816 | 439 | (12040) | (5843) |
|  Total increase (decrease) in net assets | 1156 | 1645 | (7437) | (5805) |
|  Net assets at beginning of year | 11875 | 10230 | 68336 | 74141 |
|  Net assets at end of year | $13031 | $11875 | $60899 | $68336 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | G31 Sub-Account | G31 Sub-Account | V15 Sub-Account | V15 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $328 | $384 | $— | $— |
|  Net realized gains (losses) | 7873 | 7669 | 500923 | 23299 |
|  Net change in unrealized appreciation/ (depreciation) | (1759) | 9539 | 48897 | 1211710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 6442 | 17592 | 549820 | 1235009 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 17851 | 1921 |  |  |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  |  |  |  |
|  Withdrawals, surrenders and contract charges |  |  |  | (1) |
|  Mortality and expense risk charges | (108) | (175) | (4898) | (4256) |
|  Cost of insurance charges | (36645) | (32919) | (47563) | (42397) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (18902) | (31173) | (52461) | (46654) |
|  Total increase (decrease) in net assets | (12460) | (13581) | 497359 | 1188355 |
|  Net assets at beginning of year | 59915 | 73496 | 4745425 | 3557070 |
|  Net assets at end of year | $47455 | $59915 | $5242784 | $4745425 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | VCP Sub-Account | VCP Sub-Account | A39 Sub-Account | A39 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $13811 | $12975 | $672 | $617 |
|  Net realized gains (losses) | 111155 | 131579 | 8122 | 627 |
|  Net change in unrealized appreciation/ (depreciation) | 20783 | (17811) | 6484 | 27265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 145749 | 126743 | 15278 | 28509 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 231 | 406 | 2801 | 3046 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 18827 | (570351) |  |  |
|  Withdrawals, surrenders and contract charges | (27877) | (1967) |  | (150913) |
|  Mortality and expense risk charges | (831) | (848) | (153) | (230) |
|  Cost of insurance charges | (9815) | (9647) | (2345) | (2755) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (19465) | (582407) | 303 | (150852) |
|  Total increase (decrease) in net assets | 126284 | (455664) | 15581 | (122343) |
|  Net assets at beginning of year | 768883 | 1224547 | 93706 | 216049 |
|  Net assets at end of year | $895167 | $768883 | $109287 | $93706 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | IB1 Sub-Account | IB1 Sub-Account | A21 Sub-Account | A21 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $35136 | $51803 | $5906 | $6864 |
|  Net realized gains (losses) | 454037 | 214576 | 26309 | 1124 |
|  Net change in unrealized appreciation/ (depreciation) | 12716 | 249248 | 29350 | (5378) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 501889 | 515627 | 61565 | 2610 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 13451 | 15146 |  | 408 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (1554174) | (191892) |  |  |
|  Withdrawals, surrenders and contract charges | (21908) | (27437) | (1) | (34669) |
|  Mortality and expense risk charges | (4241) | (4870) | (812) | (799) |
|  Cost of insurance charges | (27365) | (30412) | (4076) | (3917) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (1594237) | (239465) | (4889) | (38977) |
|  Total increase (decrease) in net assets | (1092348) | 276162 | 56676 | (36367) |
|  Net assets at beginning of year | 3656068 | 3379906 | 375075 | 411442 |
|  Net assets at end of year | $2563720 | $3656068 | $431751 | $375075 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | A22 Sub-Account | A22 Sub-Account | I76 Sub-Account | I76 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $1976 | $1892 | $— | $130 |
|  Net realized gains (losses) | 102054 | 9056 | 32653 | 1106 |
|  Net change in unrealized appreciation/ (depreciation) | (46274) | 74499 | (13637) | 13379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 57756 | 85447 | 19016 | 14615 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 54606 | 64767 | 1609 | 835 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (1130) |  | 495442 | 4838 |
|  Withdrawals, surrenders and contract charges | (62658) | (3928) | (506) | (1) |
|  Mortality and expense risk charges | (1679) | (1554) | (1021) | (184) |
|  Cost of insurance charges | (21702) | (20853) | (7817) | (1902) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (32563) | 38432 | 487707 | 3586 |
|  Total increase (decrease) in net assets | 25193 | 123879 | 506723 | 18201 |
|  Net assets at beginning of year | 602524 | 478645 | 104820 | 86619 |
|  Net assets at end of year | $627717 | $602524 | $611543 | $104820 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MVP Sub-Account | MVP Sub-Account | JM7 Sub-Account | JM7 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $2062 | $2259 | $2185 | $7561 |
|  Net realized gains (losses) | 22307 | 13569 | 80 | (334935) |
|  Net change in unrealized appreciation/ (depreciation) | (8379) | 12916 | 1863 | 449815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 15990 | 28744 | 4128 | 122441 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 762 | 769 | 5371 | 3760 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 26075 | (4171) | 866 | (3265927) |
|  Withdrawals, surrenders and contract charges |  | (388) |  | (11) |
|  Mortality and expense risk charges | (890) | (847) | (93) | (3086) |
|  Cost of insurance charges | (6084) | (5996) | (1193) | (78484) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 19863 | (10633) | 4951 | (3343748) |
|  Total increase (decrease) in net assets | 35853 | 18111 | 9079 | (3221307) |
|  Net assets at beginning of year | 233171 | 215060 | 52780 | 3274087 |
|  Net assets at end of year | $269024 | $233171 | $61859 | $52780 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | J43 Sub-Account | J43 Sub-Account | J32 Sub-Account | J32 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $118 | $142 | $3391 | $3279 |
|  Net realized gains (losses) | 1291 | 67 | 37488 | 50498 |
|  Net change in unrealized appreciation/ (depreciation) | 454 | 1665 | 55901 | 78169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 1863 | 1874 | 96780 | 131946 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 877 | 723 |  |  |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  |  | 25803 | (18552) |
|  Withdrawals, surrenders and contract charges | (1) | (1) |  |  |
|  Mortality and expense risk charges | (21) | (31) | (707) | (627) |
|  Cost of insurance charges | (711) | (698) | (5222) | (4452) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 144 | (7) | 19874 | (23631) |
|  Total increase (decrease) in net assets | 2007 | 1867 | 116654 | 108315 |
|  Net assets at beginning of year | 17768 | 15901 | 662227 | 553912 |
|  Net assets at end of year | $19775 | $17768 | $778881 | $662227 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | LRI Sub-Account | LRI Sub-Account | MD8 Sub-Account | MD8 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $49058 | $92902 | $4360892 | $5195734 |
|  Net realized gains (losses) | 227414 | 82314 |  |  |
|  Net change in unrealized appreciation/ (depreciation) | 342360 | 51195 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 618832 | 226411 | 4360892 | 5195734 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  |  | 1384203 | 832827 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (1288498) | (1006322) | 2522297 | 5212324 |
|  Withdrawals, surrenders and contract charges | (68580) | (1) | (1771288) | (2817009) |
|  Mortality and expense risk charges | (3104) | (5204) | (117530) | (114317) |
|  Cost of insurance charges | (25228) | (35043) | (2818736) | (5025317) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (1385410) | (1046570) | (801054) | (1911492) |
|  Total increase (decrease) in net assets | (766578) | (820159) | 3559838 | 3284242 |
|  Net assets at beginning of year | 2580717 | 3400876 | 112097594 | 108813352 |
|  Net assets at end of year | $1814139 | $2580717 | $115657432 | $112097594 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | M07 Sub-Account | M07 Sub-Account | M35 Sub-Account | M35 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $150671 | $127586 | $89381 | $76750 |
|  Net realized gains (losses) | 400721 | 239399 | 206252 | 130801 |
|  Net change in unrealized appreciation/ (depreciation) | 33992 | 16270 | 69715 | 30510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 585384 | 383255 | 365348 | 238061 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 5602 | 4687 | 22567 | 36972 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 249982 | (216055) | 109841 | 508479 |
|  Withdrawals, surrenders and contract charges | (90761) | (93432) | (73330) | (38735) |
|  Mortality and expense risk charges | (4610) | (4442) | (3466) | (3447) |
|  Cost of insurance charges | (58757) | (56698) | (187956) | (168230) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 101456 | (365940) | (132344) | 335039 |
|  Total increase (decrease) in net assets | 686840 | 17315 | 233004 | 573100 |
|  Net assets at beginning of year | 5160613 | 5143298 | 3326506 | 2753406 |
|  Net assets at end of year | $5847453 | $5160613 | $3559510 | $3326506 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | M31 Sub-Account | M31 Sub-Account | M80 Sub-Account | M80 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** | $— | $— | $— | $— |
|  Net investment income (loss) |  | 624903 | 199398 | 77568 |
|  Net realized gains (losses) |  | (210100) | (72489) | 173725 |
|  Net change in unrealized appreciation/ (depreciation) |  | 414803 | 126909 | 251293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations |  |  |  |  |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  |  | 23672 | 72631 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  | (1522612) | 6 ,921 | (80726) |
|  Withdrawals, surrenders and contract charges |  | (13692) | (90145) |  |
|  Mortality and expense risk charges |  | (1258) | (2459) | (2424) |
|  Cost of insurance charges |  | (31844) | (26871) | (37416) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions |  | (1569406) | (88882) | (47935) |
|  Total increase (decrease) in net assets |  | (1154603) | 38027 | 203358 |
|  Net assets at beginning of year |  | 1154603 | 1034268 | 830910 |
|  Net assets at end of year | $— | $— | $1072295 | $1034268 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MF1 Sub-Account | MF1 Sub-Account | M41 Sub-Account | M41 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $— | $— |
|  Net realized gains (losses) | 388124 | 171614 | 42769 | 21711 |
|  Net change in unrealized appreciation/ (depreciation) | (237306) | 233101 | (35811) | 4164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 150818 | 404715 | 6958 | 25875 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 3240 | 2630 |  | 31149 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (468351) | 351131 | (3151) | 6731 |
|  Withdrawals, surrenders and contract charges | (60789) | (1740) |  |  |
|  Mortality and expense risk charges | (6884) | (6417) |  |  |
|  Cost of insurance charges | (52976) | (52942) | (17690) | (28260) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (585760) | 292662 | (20841) | 9620 |
|  Total increase (decrease) in net assets | (434942) | 697377 | (13883) | 35495 |
|  Net assets at beginning of year | 3548591 | 2851214 | 204048 | 168553 |
|  Net assets at end of year | $3113649 | $3548591 | $190165 | $204048 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | M42 Sub-Account | M42 Sub-Account | M06 Sub-Account | M06 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $113779 | $125779 |
|  Net realized gains (losses) | 2312 | 3445 | (20455) | (85068) |
|  Net change in unrealized appreciation/ (depreciation) | 5064 | (207) | 85280 | 43572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 7376 | 3238 | 178604 | 84283 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 473 | 32795 | 104408 | 76160 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (10643) | 5404 | (5347) | (2173) |
|  Withdrawals, surrenders and contract charges |  |  | (31224) | (533993) |
|  Mortality and expense risk charges |  |  | (5481) | (5782) |
|  Cost of insurance charges | (7592) | (19339) | (146508) | (234180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (17762) | 18860 | (84152) | (699968) |
|  Total increase (decrease) in net assets | (10386) | 22098 | 94452 | (615685) |
|  Net assets at beginning of year | 70960 | 48862 | 2542110 | 3157795 |
|  Net assets at end of year | $60574 | $70960 | $2636562 | $2542110 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | M33 Sub-Account | M33 Sub-Account | M44 Sub-Account | M44 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $3 | $2 | $24462 | $17215 |
|  Net realized gains (losses) | (1) | 40 | 112092 | 28185 |
|  Net change in unrealized appreciation/ (depreciation) | 9 | (14) | (14064) | 35396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 11 | 28 | 122490 | 80796 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 520 | 720 | 32436 | 35654 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  | 1 | (146035) |  |
|  Withdrawals, surrenders and contract charges |  |  | (28536) | (11842) |
|  Mortality and expense risk charges |  |  | (1838) | (1731) |
|  Cost of insurance charges | (800) | (745) | (17528) | (17259) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (280) | (24) | (161501) | 4822 |
|  Total increase (decrease) in net assets | (269) | 4 | (39011) | 85618 |
|  Net assets at beginning of year | 280 | 276 | 776134 | 690516 |
|  Net assets at end of year | $11 | $280 | $737123 | $776134 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | M40 Sub-Account | M40 Sub-Account | M83 Sub-Account | M83 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $871 | $598 | $164096 | $180762 |
|  Net realized gains (losses) | 454 | 830 | 1096170 | 1080966 |
|  Net change in unrealized appreciation/ (depreciation) | 3016 | 1634 | (62332) | (31202) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 4341 | 3062 | 1197934 | 1230526 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  | 1483 | 5851 | 4065 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  | 1 | (2490176) | (1339934) |
|  Withdrawals, surrenders and contract charges |  |  | (127111) | (57026) |
|  Mortality and expense risk charges | (65) | (56) | (11741) | (13547) |
|  Cost of insurance charges | (232) | (230) | (103905) | (122379) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (297) | 1198 | (2727082) | (1528821) |
|  Total increase (decrease) in net assets | 4044 | 4260 | (1529148) | (298295) |
|  Net assets at beginning of year | 29536 | 25276 | 10294626 | 10592921 |
|  Net assets at end of year | $33580 | $29536 | $8765478 | $10294626 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | M08 Sub-Account | M08 Sub-Account | MB7 Sub-Account | MB7 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $11207 | $22234 | $2476 | $2329 |
|  Net realized gains (losses) | 73612 | 125050 | 60920 | 23120 |
|  Net change in unrealized appreciation/ (depreciation) | 35254 | 8922 | (15185) | 39084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 120073 | 156206 | 48211 | 64533 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  | 8400 |  |  |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (766325) | 89222 | (3982) | (2426) |
|  Withdrawals, surrenders and contract charges | 1 | (104261) |  |  |
|  Mortality and expense risk charges | (107) | (876) | (750) | (678) |
|  Cost of insurance charges | (62730) | (88267) | (9562) | (8513) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (829161) | (95782) | (14294) | (11617) |
|  Total increase (decrease) in net assets | (709088) | 60424 | 33917 | 52916 |
|  Net assets at beginning of year | 1532229 | 1471805 | 313911 | 260995 |
|  Net assets at end of year | $823141 | $1532229 | $347828 | $313911 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MC0 Sub-Account | MC0 Sub-Account | MA0 Sub-Account | MA0 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $66602 | $282566 | $3594 | $3367 |
|  Net realized gains (losses) | (1269080) | (37070) | 1233 | 866 |
|  Net change in unrealized appreciation/ (depreciation) | 1426932 | (33378) | 921 | (1863) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 224454 | 212118 | 5748 | 2370 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 166739 | 197059 | 22497 | 2584 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (4119) |  | 5584 | 6729 |
|  Withdrawals, surrenders and contract charges | (6196569) | (9500) |  |  |
|  Mortality and expense risk charges | (6345) | (9465) | (72) | (117) |
|  Cost of insurance charges | (85754) | (126159) | (28087) | (24227) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (6126048) | 51935 | (78) | (15031) |
|  Total increase (decrease) in net assets | (5901594) | 264053 | 5670 | (12661) |
|  Net assets at beginning of year | 7280144 | 7016091 | 82213 | 94874 |
|  Net assets at end of year | $1378550 | $7280144 | $87883 | $82213 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MC1 Sub-Account | MC1 Sub-Account | MC3 Sub-Account | MC3 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $523 | $7814 | $10297 | $10589 |
|  Net realized gains (losses) | 347413 | 57542 | (3572) | (18045) |
|  Net change in unrealized appreciation/ (depreciation) | (281087) | 244821 | 133842 | 57151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 66849 | 310177 | 140567 | 49695 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  | 870 | 1434 | 959 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (1885392) | (176614) | (46416) | 17602 |
|  Withdrawals, surrenders and contract charges | (1) | (1) |  | (18237) |
|  Mortality and expense risk charges | (623) | (3459) | (1837) | (1674) |
|  Cost of insurance charges | (16787) | (29897) | (8416) | (8009) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (1902803) | (209101) | (55235) | (9359) |
|  Total increase (decrease) in net assets | (1835954) | 101076 | 85332 | 40336 |
|  Net assets at beginning of year | 2072063 | 1970987 | 442633 | 402297 |
|  Net assets at end of year | $236109 | $2072063 | $527965 | $442633 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MC6 Sub-Account | MC6 Sub-Account | MC9 Sub-Account | MC9 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $5042 | $4388 | $20797 | $22950 |
|  Net realized gains (losses) | 190192 | 103818 | 403533 | 161752 |
|  Net change in unrealized appreciation/ (depreciation) | (86568) | 20662 | 50508 | 200012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 108666 | 128868 | 474838 | 384714 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 132352 | 108300 | 1669 | 1669 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  |  | (20247) | (88178) |
|  Withdrawals, surrenders and contract charges | (27661) | (15788) | (104496) | (98965) |
|  Mortality and expense risk charges | (4745) | (4183) | (5664) | (5291) |
|  Cost of insurance charges | (14717) | (13029) | (40820) | (35777) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 85229 | 75300 | (169558) | (226542) |
|  Total increase (decrease) in net assets | 193895 | 204168 | 305280 | 158172 |
|  Net assets at beginning of year | 1314184 | 1110016 | 2829215 | 2671043 |
|  Net assets at end of year | $1508079 | $1314184 | $3134495 | $2829215 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | M96 Sub-Account | M96 Sub-Account | MD2 Sub-Account | MD2 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $348127 | $284716 | $— | $— |
|  Net realized gains (losses) | (455626) | (186461) |  |  |
|  Net change in unrealized appreciation/ (depreciation) | 634663 | (51493) |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 527164 | 46762 |  | (1) |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 17749 | 21433 |  |  |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (593736) | 1088328 |  | 1 |
|  Withdrawals, surrenders and contract charges | (635617) | (146753) |  |  |
|  Mortality and expense risk charges | (9404) | (9569) |  |  |
|  Cost of insurance charges | (205287) | (247013) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (1426295) | 706426 |  | 1 |
|  Total increase (decrease) in net assets | (899131) | 753188 |  |  |
|  Net assets at beginning of year | 7865494 | 7112306 | 2 | 2 |
|  Net assets at end of year | $6966363 | $7865494 | $2 | $2 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MA6 Sub-Account | MA6 Sub-Account | MA3 Sub-Account | MA3 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $228415 | $176746 | $3344 | $4039 |
|  Net realized gains (losses) | (32903) | (14332) | 785 | (510) |
|  Net change in unrealized appreciation/ (depreciation) | 78536 | 29598 | 137 | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 274048 | 192012 | 4266 | 3594 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 106587 | 87737 | 293 | 20807 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 339231 | (107137) | (8331) | 2343 |
|  Withdrawals, surrenders and contract charges | (39531) | (41958) |  | (31755) |
|  Mortality and expense risk charges | (8002) | (6903) | (51) | (72) |
|  Cost of insurance charges | (34600) | (29613) | (4786) | (12364) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 363685 | (97874) | (12875) | (21041) |
|  Total increase (decrease) in net assets | 637733 | 94138 | (8609) | (17447) |
|  Net assets at beginning of year | 2904892 | 2810754 | 60440 | 77887 |
|  Net assets at end of year | $3542625 | $2904892 | $51831 | $60440 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | M97 Sub-Account | M97 Sub-Account | MD5 Sub-Account | MD5 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $17071 | $15958 | $15961 | $16182 |
|  Net realized gains (losses) | 139415 | 168348 | 139799 | 25913 |
|  Net change in unrealized appreciation/ (depreciation) | 187010 | (6733) | 236880 | 66434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 343496 | 177573 | 392640 | 108529 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 1858 | 1285 |  | 4008 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 112318 | (795795) | 31749 | 1620988 |
|  Withdrawals, surrenders and contract charges | (37932) | (1) | (1) | (38977) |
|  Mortality and expense risk charges | (3305) | (3015) | (3717) | (2954) |
|  Cost of insurance charges | (22845) | (21598) | (54487) | (48091) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 50094 | (819124) | (26456) | 1534974 |
|  Total increase (decrease) in net assets | 393590 | (641551) | 366184 | 1643503 |
|  Net assets at beginning of year | 1611865 | 2253416 | 1914414 | 270911 |
|  Net assets at end of year | $2005455 | $1611865 | $2280598 | $1914414 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | M98 Sub-Account | M98 Sub-Account | MD6 Sub-Account | MD6 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $71902 | $56573 | $108 | $124 |
|  Net realized gains (losses) | 320786 | 348325 | 5826 | 3257 |
|  Net change in unrealized appreciation/ (depreciation) | 933106 | (73772) | (2138) | 1775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 1325794 | 331126 | 3796 | 5156 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 762 | 720 | 1778 | 1106 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (152083) | (742865) |  |  |
|  Withdrawals, surrenders and contract charges | (98897) | (117973) |  |  |
|  Mortality and expense risk charges | (8721) | (7942) | (39) | (36) |
|  Cost of insurance charges | (71251) | (78271) | (514) | (443) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (330190) | (946331) | 1225 | 627 |
|  Total increase (decrease) in net assets | 995604 | (615205) | 5021 | 5783 |
|  Net assets at beginning of year | 4153016 | 4768221 | 37240 | 31457 |
|  Net assets at end of year | $5148620 | $4153016 | $42261 | $37240 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MB3 Sub-Account | MB3 Sub-Account | ME2 Sub-Account | ME2 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $55 | $422 | $41410 | $43642 |
|  Net realized gains (losses) | 53073 | 36167 | 134242 | 54970 |
|  Net change in unrealized appreciation/ (depreciation) | (23273) | 8695 | 378060 | (49999) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 29855 | 45284 | 553712 | 48613 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  | 21983 | 11781 | 15516 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 8894 | 5222 | (966961) | 594155 |
|  Withdrawals, surrenders and contract charges |  |  | 1 | (671131) |
|  Mortality and expense risk charges |  |  | (3235) | (3379) |
|  Cost of insurance charges | (26735) | (32697) | (55114) | (52998) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (17841) | (5492) | (1013528) | (117837) |
|  Total increase (decrease) in net assets | 12014 | 39792 | (459816) | (69224) |
|  Net assets at beginning of year | 322903 | 283111 | 2761035 | 2830259 |
|  Net assets at end of year | $334917 | $322903 | $2301219 | $2761035 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MA7 Sub-Account | MA7 Sub-Account | MB8 Sub-Account | MB8 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $837 | $867 | $22051 | $23290 |
|  Net realized gains (losses) | 105 | 55 | 245795 | 26025 |
|  Net change in unrealized appreciation/ (depreciation) | 467 | (276) | (106866) | 57618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 1409 | 646 | 160980 | 106933 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received |  | 504 | 1335 | 463 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (1558) | (65) | (275705) | 591141 |
|  Withdrawals, surrenders and contract charges |  |  | (37) | (405262) |
|  Mortality and expense risk charges |  |  | (2828) | (3439) |
|  Cost of insurance charges | (1605) | (1856) | (28319) | (30438) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (3163) | (1417) | (305554) | 152465 |
|  Total increase (decrease) in net assets | (1754) | (771) | (144574) | 259398 |
|  Net assets at beginning of year | 21938 | 22709 | 2616081 | 2356683 |
|  Net assets at end of year | $20184 | $21938 | $2471507 | $2616081 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MF6 Sub-Account | MF6 Sub-Account | MF2 Sub-Account | MF2 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $111640 | $126444 | $109252 | $593251 |
|  Net realized gains (losses) | (301851) | (47055) | 160982 | (5090) |
|  Net change in unrealized appreciation/ (depreciation) | 420971 | (244060) | 176315 | 205116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 230760 | (164671) | 446549 | 793277 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 69739 | 87148 | 167251 | 195849 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 559254 | (24077) | 154384 | 334460 |
|  Withdrawals, surrenders and contract charges | (71729) | (141767) | (13935778) | (9762) |
|  Mortality and expense risk charges | (8676) | (7844) | (10053) | (17260) |
|  Cost of insurance charges | (75196) | (70545) | (136848) | (230548) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 473392 | (157085) | (13761044) | 272739 |
|  Total increase (decrease) in net assets | 704152 | (321756) | (13314495) | 1066016 |
|  Net assets at beginning of year | 5885630 | 6207386 | 15902635 | 14836619 |
|  Net assets at end of year | $6589782 | $5885630 | $2588140 | $15902635 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MG3 Sub-Account | MG3 Sub-Account | VMG Sub-Account | VMG Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $33737 | $41707 | $1042 | $— |
|  Net realized gains (losses) | 459297 | 359528 | 1254 | 337 |
|  Net change in unrealized appreciation/ (depreciation) | (293297) | 15871 | 29093 | 57366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 199737 | 417106 | 31389 | 57703 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 81140 | 119992 | 1027 | 889 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (243997) | (85942) | 19019 | 14737 |
|  Withdrawals, surrenders and contract charges | (198038) | (100391) | (2) | (1) |
|  Mortality and expense risk charges | (4262) | (4129) | (497) | (306) |
|  Cost of insurance charges | (38543) | (40478) | (1969) | (1328) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (403700) | (110948) | 17578 | 13991 |
|  Total increase (decrease) in net assets | (203963) | 306158 | 48967 | 71694 |
|  Net assets at beginning of year | 3507503 | 3201345 | 194510 | 122816 |
|  Net assets at end of year | $3303540 | $3507503 | $243477 | $194510 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | NMC Sub-Account | NMC Sub-Account | NSE Sub-Account | NSE Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $— | $44 |
|  Net realized gains (losses) | 7559 | 3401 | 1702 | 1216 |
|  Net change in unrealized appreciation/ (depreciation) | (4676) | 6782 | 1249 | 3022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 2883 | 10183 | 2951 | 4282 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 1344 | 1035 | 1402 | 978 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  | (2) |  |  |
|  Withdrawals, surrenders and contract charges | (1) |  |  | (2) |
|  Mortality and expense risk charges | (61) | (73) | (39) | (38) |
|  Cost of insurance charges | (2694) | (2431) | (810) | (748) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (1412) | (1471) | 553 | 190 |
|  Total increase (decrease) in net assets | 1471 | 8712 | 3504 | 4472 |
|  Net assets at beginning of year | 51578 | 42866 | 20934 | 16462 |
|  Net assets at end of year | $53049 | $51578 | $24438 | $20934 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | O01 Sub-Account | O01 Sub-Account | O00 Sub-Account | O00 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $— | $— |
|  Net realized gains (losses) | 366304 | 16748 | 3315 | (9214) |
|  Net change in unrealized appreciation/ (depreciation) | (28509) | 722369 | (1640) | 26785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 337795 | 739117 | 1675 | 17571 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 1366 | 1124 |  | 817 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (208462) | (101497) |  |  |
|  Withdrawals, surrenders and contract charges | (31458) | (1410) | (3) | (111714) |
|  Mortality and expense risk charges | (1054) | (929) | (74) | (140) |
|  Cost of insurance charges | (15936) | (14206) | (959) | (1437) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (255544) | (116918) | (1036) | (112474) |
|  Total increase (decrease) in net assets | 82251 | 622199 | 639 | (94903) |
|  Net assets at beginning of year | 2773237 | 2151038 | 35838 | 130741 |
|  Net assets at end of year | $2855488 | $2773237 | $36477 | $35838 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | OGS Sub-Account | OGS Sub-Account | OSC Sub-Account | OSC Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $— | $— | $8937 | $— |
|  Net realized gains (losses) | 456312 | 155115 | 295526 | 102120 |
|  Net change in unrealized appreciation/ (depreciation) | 78051 | 317154 | (137225) | 153775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 534363 | 472269 | 167238 | 255895 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 109212 | 129534 | 76653 | 62950 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 77812 | (176700) | (377760) | 14014 |
|  Withdrawals, surrenders and contract charges | (129167) | (18209) | (75522) | (7497) |
|  Mortality and expense risk charges | (11630) | (10838) | (4415) | (4269) |
|  Cost of insurance charges | (84875) | (86406) | (32241) | (32988) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (38648) | (162619) | (413285) | 32210 |
|  Total increase (decrease) in net assets | 495715 | 309650 | (246047) | 288105 |
|  Net assets at beginning of year | 3331494 | 3021844 | 2286142 | 1998037 |
|  Net assets at end of year | $3827209 | $3331494 | $2040095 | $2286142 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | P10 Sub-Account | P10 Sub-Account | PK8 Sub-Account | PK8 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $39702 | $26653 | $185778 | $139978 |
|  Net realized gains (losses) | 39739 | (4696) | (52846) | (16640) |
|  Net change in unrealized appreciation/ (depreciation) | 154548 | 25635 | 245204 | 44973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 233989 | 47592 | 378136 | 168311 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 85299 | 77962 | 42421 | 37030 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (6152) | 87447 | (179386) | 1756919 |
|  Withdrawals, surrenders and contract charges | (29466) | (5336) | (71185) | (9131) |
|  Mortality and expense risk charges | (4498) | (3873) | (3962) | (3272) |
|  Cost of insurance charges | (20568) | (18969) | (32128) | (26908) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 24615 | 137231 | (244240) | 1754638 |
|  Total increase (decrease) in net assets | 258604 | 184823 | 133896 | 1922949 |
|  Net assets at beginning of year | 1222716 | 1037893 | 2573345 | 650396 |
|  Net assets at end of year | $1481320 | $1222716 | $2707241 | $2573345 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | P06 Sub-Account | P06 Sub-Account | P07 Sub-Account | P07 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $505834 | $352465 | $1546856 | $1467742 |
|  Net realized gains (losses) | (47166) | (286704) | (1140269) | (312902) |
|  Net change in unrealized appreciation/ (depreciation) | 683830 | 199243 | 2806690 | (284025) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 1142498 | 265004 | 3213277 | 870815 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 252291 | 257511 | 369056 | 448844 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 1942554 | (1253410) | (486994) | 3580583 |
|  Withdrawals, surrenders and contract charges | (532295) | (608913) | (2243397) | (834031) |
|  Mortality and expense risk charges | (25203) | (21434) | (102227) | (99546) |
|  Cost of insurance charges | (207684) | (192791) | (527070) | (508713) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | 1429663 | (1819037) | (2990632) | 2587137 |
|  Total increase (decrease) in net assets | 2572161 | (1554033) | 222645 | 3457952 |
|  Net assets at beginning of year | 12835948 | 14389981 | 38407267 | 34949315 |
|  Net assets at end of year | $15408109 | $12835948 | $38629912 | $38407267 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | SCP Sub-Account | SCP Sub-Account | 307 Sub-Account | 307 Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $19948 | $17364 | $— | $— |
|  Net realized gains (losses) | 172508 | 102275 | 3789326 | 2590538 |
|  Net change in unrealized appreciation/ (depreciation) | (83162) | (69772) | 452048 | 3960061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 109294 | 49867 | 4241374 | 6550599 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 41420 | 49542 | 97561 | 83387 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | (398397) | (13659) | (2335970) | (3349636) |
|  Withdrawals, surrenders and contract charges | (35113) | (22898) | (533772) | (130083) |
|  Mortality and expense risk charges | (3383) | (3600) | (28999) | (27005) |
|  Cost of insurance charges | (28438) | (32232) | (284576) | (256372) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (423911) | (22847) | (3085756) | (3679709) |
|  Total increase (decrease) in net assets | (314617) | 27020 | 1155618 | 2870890 |
|  Net assets at beginning of year | 1441014 | 1413994 | 22450933 | 19580043 |
|  Net assets at end of year | $1126397 | $1441014 | $23606551 | $22450933 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | REI Sub-Account | REI Sub-Account | RNA Sub-Account | RNA Sub-Account |
|  | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2025 | December 31,<br>2024 |
|  **Operations:** |  |  |  |  |
|  Net investment income (loss) | $41496 | $53695 | $— | $46 |
|  Net realized gains (losses) | 352550 | 253564 | 9520 | 8374 |
|  Net change in unrealized appreciation/ (depreciation) | (48292) | 64117 | 854 | 4819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 345754 | 371376 | 10374 | 13239 |
|  **Contract Owner Transactions:** |  |  |  |  |
|  Purchase payments received | 90736 | 68153 | 1777 | 1106 |
|  Transfers between Sub-Accounts (including the Fixed Account), net | 687 | (781151) |  | 1 |
|  Withdrawals, surrenders and contract charges | (138497) | (4094) |  |  |
|  Mortality and expense risk charges | (4216) | (4774) | (69) | (62) |
|  Cost of insurance charges | (72298) | (86759) | (3670) | (3235) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (123588) | (808625) | (1962) | (2190) |
|  Total increase (decrease) in net assets | 222166 | (437249) | 8412 | 11049 |
|  Net assets at beginning of year | 2443934 | 2881183 | 64270 | 53221 |
|  Net assets at end of year | $2666100 | $2443934 | $72682 | $64270 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | |
|:---|:---|:---|
|  | W42 Sub-Account | W42 Sub-Account |
|  | December 31,<br>2025 | December<br>31, 2024 |
|  **Operations:** |  |  |
|  Net investment income (loss) | $— | $— |
|  Net realized gains (losses) | 451 | 394 |
|  Net change in unrealized appreciation/ (depreciation) | 1014 | 4044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in net assets from operations | 1465 | 4438 |
|  **Contract Owner Transactions:** |  |  |
|  Purchase payments received | 762 | 720 |
|  Transfers between Sub-Accounts (including the Fixed Account), net |  |  |
|  Withdrawals, surrenders and contract charges | 1 | (1) |
|  Mortality and expense risk charges | (46) | (48) |
|  Cost of insurance charges | (2191) | (2105) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) from contract owner transactions | (1474) | (1434) |
|  Total increase (decrease) in net assets | (9) | 3004 |
|  Net assets at beginning of year | 34742 | 31738 |
|  Net assets at end of year | $34733 | $34742 |

---

*The accompanying notes are an integral part of these financial statements.* 

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**1. BUSINESS AND ORGANIZATION** 

Delaware Life Variable Account G (the "**Variable Account**") is a separate account of Delaware Life Insurance Company (the "**Sponsor**"). The Variable Account was established on July 25, 1996 as a funding vehicle for the variable portion of certain individual variable life insurance contracts (collectively, the "**Contracts**") issued by the Sponsor. The Variable Account is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended, as a unit investment trust existing in accordance with the regulations of the Delaware Insurance Department and is an investment company. Accordingly, the Variable Account follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("**FASB**") Accounting Standards Codification ("**ASC**") Topic 946, "Financial Services – Investment Companies".

There are three universal life insurance products in the Variable Account as follows: Corporate VUL, Futurity<sup>SM</sup> Corporate VUL, and Large Case VUL. The assets of the Variable Account are divided into "**Sub-Accounts"**. Each Sub-Account is invested in shares of a specific mutual fund (collectively the "**Funds**"), or series thereof, registered under the Investment Company Act of 1940, as amended. The contract owners of the Variable Account direct the deposits into the Sub-Accounts of the Variable Account.

Under applicable insurance law, the assets and liabilities of the Variable Account are clearly identified and distinguished from the Sponsor's other assets and liabilities. Assets applicable to the Variable Account are not chargeable with liabilities arising out of any other business the Sponsor may conduct.

A summary of the name changes related to Sub-Accounts held by the contract owners of the Variable Account during the current year, is as follows:

---

| | | |
|:---|:---|:---|
| **Sub-Account** | **Previous Name** | **Effective Date** |
| C89 | CTIVP - Loomis Sayles Growth Fund Class 1 | June 2, 2025 |
| DRS | LVIP Macquarie U.S. REIT Fund Standard Class | November 3, 2025 |
| DSV | Macquarie VIP Small Cap Value Series Standard Class | November 3, 2025 |
| D37 | LVIP Macquarie SMID Cap Core Fund Standard Class | November 3, 2025 |
| DSC | BNY Mellon Variable Investment Fund: Opportunistic Small Cap Portfolio, Initial Shares | December 31, 2025 |
| NSE | Neuberger Berman AMT Sustainable Equity Portfolio Class I | July 28, 2025 |
| O01 | Invesco V.I. Capital Appreciation Fund, Series I | April 30, 2025 |
| W42 | Wanger Acorn | June 2, 2025 |

---

There were no Sub-Accounts held by the contract owners of the Variable Account that were closed, merged into another Sub-Account or commenced operations during the current year.

The following Sub-Accounts are active but has had zero balance for more than five years and therefore are not disclosed in the Statements of Assets and Liabilities, Statements of Changes in Net Assets or the financial highlights in Note 10.

---

| |
|:---|
| Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio Class 1 Sub-Account (NAR) |
| Neuberger Berman AMT Short Duration Bond Portfolio Class I Sub-Account (NLM) |
| Rydex VT Nova Fund Sub-Account (R02) |
| MFS VIT I New Discovery Series Initial Class Sub-Account (M05) |

---

There were no Sub-Accounts held by the contract owners of the Variable Account, with commencement dates earlier than the past five years, but for which the first activity occurred within the last five years

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** 

***General***

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("**GAAP**"). The preparation of financial statements in conformity with GAAP requires the Sponsor's management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates.

***Investment Valuation and Transactions***

Investments made in mutual funds are carried at fair value and are valued at their closing net asset value as determined by the respective mutual fund, which in turn value their investments at fair value, as of December 31, 2025. Transactions are recorded on a trade date basis. Realized gains and losses on sales of investments are determined on the first in, first out basis. Dividend income and realized gain distributions are reinvested in additional fund shares and recognized on the ex-dividend date.

***Units***

The number of units credited is determined by dividing the dollar amount allocated to a Sub-Account by the unit value for that Sub-Account for the period during which the purchase payment was received. The unit value for each Sub-Account is established at $10.00 for the first period of that Sub-Account and is subsequently measured based on the performance of the investments and the contract charges selected by the contract holder, as discussed in Note 5.

***Purchase Payments***

Upon issuance of new Contracts, the initial purchase payment is credited to the contract in the form of units. All subsequent purchase payments are applied using the unit values for the period during which the purchase payment is received.

***Transfers***

Transfers between Sub-Accounts requested by contract owners are recorded in the new Sub-Account upon receipt of the redemption proceeds at the net asset value at the time of receipt. In addition, transfers can be made between the Sub-Accounts and the "**Fixed Account**." The Fixed Account is part of the general account of the Sponsor in which purchase payments or contract values may be allocated or transferred.

***Contract Loans***

Contract holders are permitted to borrow against the cash value of their accounts. The loan proceeds are deducted from the Variable Account and recorded in the Sponsor's general account as an asset. Contract loan activity is reflected in the Transfers between Sub-Accounts (including the Fixed Account) line on the Statements of Changes in Net Assets.

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)** 

***Federal Income Taxes***

The operations of the Variable Account are part of the operations of the Sponsor and are not taxed separately. The Sponsor qualifies for the federal income tax treatment granted to life insurance companies under Subchapter L of the Internal Revenue Code (the "**Code**"). Under existing federal income tax law, investment income and realized gain distributions earned by the Variable Account on contract owner reserves are not taxable, and therefore, no provision has been made for federal income taxes. In the event of a change in applicable tax law, the Sponsor will review this policy and if necessary, a provision may be made in future years.

***Use of Estimates***

The preparation of financial statements in conformity with GAAP requires the Sponsor's management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. The most significant estimate is fair value measurements of investments. Actual results could vary from the amounts derived from the Sponsor management's estimates.

***Subsequent events***

The Sponsor's management has evaluated events subsequent to December 31, 2025 through the date the financial statements are issued, noting that there are no subsequent events requiring accounting adjustments or disclosure.

**3. FAIR VALUE MEASUREMENTS** 

The Sub-Accounts' investments are carried at fair value. Fair value is an exit price, representing the amount that would be received from a sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, FASB ASC Topic 820, "Fair Value Measurements and Disclosures" ("**Topic 820**"), establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value (i.e., Level 1, 2 and 3). Level 1 inputs are observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Variable Account has the ability to access at the measurement date. Level 2 inputs are observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities. Level 3 inputs are unobservable inputs reflecting the reporting entity's estimates of the assumptions that market participants would use in pricing the asset or liability. Topic 820 requires that a fair value measurement technique include an adjustment for risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model, if market participants would also include such an adjustment.

The Variable Account has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into the three-level hierarchy described above. If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument.

The Variable Account uses the Funds' closing net asset value to determine the fair value of its Sub-Accounts. As of December 31, 2025, the net assets held in the Variable Account were categorized as Level 1 assets under the Topic 820 hierarchy levels. There were no Level 2 or 3 investments in the Variable Account during the year ended December 31, 2025. There were no transfers between levels during the year ended December 31, 2025.

**4. RELATED-PARTY TRANSACTIONS** 

Security Investors, LLC, one of the companies in the investment management businesses of Guggenheim Partners, LLC and a related-party of the Sponsor, is the investment advisor to certain Rydex funds and charges a management fee at an annual rate 0.75% of the Rydex funds' average daily net assets.

The Sponsor provides administrative services necessary for the operation of the Variable Account. The Sponsor absorbs all organizational expenses including the fees of registering the Variable Account and its contracts for distribution under federal and state securities laws.

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**5. CONTRACT CHARGES** 

***Mortality and expense risk charges***

Charges for mortality and expense risks are based on the value of the Sub-Account and are deducted daily from the participant's account to cover the risks assumed by the Sponsor. The deductions are transferred periodically to the Sponsor. These charges are reflected in the Statements of Changes in Net Assets. As of December 31, 2025, the deduction is at an effective annual rate based on assets as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | Years<br>1 - 10 | Years<br>11 - 20 | Years<br>21+ |
|  Futurity<sup>SM</sup> Corporate VUL | 0.40% | 0.25% | 0.20% |
|  Corporate VUL | 0.60% | 0.20% | 0.10% |
|  Large Case VUL | <u><</u> 0.50% | <u><</u> 0.10% | <u><</u> 0.10% |

---

***Sales charges***

Certain charges are deducted from the premium before it is allocated by Sub-Account. For the Corporate VUL and Futurity<sup>SM</sup> Corporate VUL products, these charges consist of premium tax, federal Deferred Acquisition Cost ("DAC") tax and the sales load. The premium tax ranges from 2% to 7% of the premium in most states, except Kentucky which will not exceed 9%. The DAC tax charge is 1.25% of the premium. The sales load is not to exceed 8.75% of the premium up to target premium and 2.25% of the premium in excess of the target premium. For the Large Case VUL product, these expense charges consist of only the premium expense load. The premium expense load is 7.50% of the premium up to target premium and 2.50% of the premium in excess of the target premium.

***Administration charges***

At the beginning of each month, an account administration fee is deducted from the participant's account to reimburse the Sponsor for certain administrative expenses. For the Corporate VUL and the Futurity<sup>SM</sup> Corporate VUL products, the monthly charge is $13.75 per policy for each month in the first policy year and $7.50 for months thereafter. For the Large Case VUL products, the monthly charge is $5.00 per policy for each policy month. These charges are reported in the Statements of Changes in Net Assets as part of "Withdrawals, surrenders and contract charges".

***Charges for Life Insurance Protection***

On the monthly anniversary of the contract, the cost of insurance is deducted from each Sub-Account through a redemption of units to cover the anticipated cost of providing life insurance. The charge is based on the length of time a policy has been in force and other factors, including issue age, sex and rating class of the insured, and will not exceed the guaranteed maximum monthly cost of insurance rates based on the 1980 or 2001 Commissioners Standard Ordinary Mortality Tables, depending on the policy investment start date. These charges are reflected in the Statements of Changes in Net Assets under the "Cost of insurance charges" line item.

***Other Contract Charges***

The Large Case VUL products also charge a deferred expense load applied to the premium. The maximum charge will not exceed 0.40% of premium.

***Premium Taxes***

A deduction, when applicable, is made for premium taxes or similar state or local taxes. It is currently the policy of the Sponsor to make this deduction from the premium payment.

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**6. INVESTMENT PURCHASES AND SALES** 

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2025 were as follows:

---

| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales** |
|  A70 | $4 | $2 |
|  A71 | 821947 | 178043 |
|  IVP | 1343 | 287 |
|  A19 |  | 6907 |
|  ASM | 5912 | 42262 |
|  A54 | 99946 | 182615 |
|  A51 | 84576 | 20308 |
| 308 | 1358232 | 178235 |
| 301 | 4256205 | 1024033 |
| 304 | 109674 | 38660 |
| 309 | 6501 | 1918 |
| 306 | 47221 | 23721 |
| 303 | 57543 | 324999 |
| 302 | 5428880 | 263626 |
| 305 | 69038 | 51428 |
| 300 | 2238643 | 3583286 |
|  BLG | 325775 | 345751 |
|  MSV | 55639 | 8734 |
|  C89 | 2119 | 872 |
|  C58 | 162 | 83 |
|  DRS | 641205 | 306075 |
|  DSV | 953921 | 794251 |
|  D37 | 397704 | 467421 |
| 001 | 1 |  |
|  SSI | 147051 | 112610 |
|  D55 | 372993 | 293192 |
|  S61 | 2 |  |
|  D18 | 201029 | 138089 |
|  DTG | 1051168 | 67695 |
|  DSI | 37842573 | 50035628 |
|  DCA | 950417 | 57092 |
|  DSC | 2640 | 1065 |
|  DGI | 9121 | 1594 |
|  FVI | 165568 | 45520 |
|  FCN | 2943275 | 949602 |
|  F24 | 114370 | 60676 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**6. INVESTMENT PURCHASES AND SALES (CONTINUED)** 

---

| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales** |
|  FEI | $1022288 | $433507 |
|  FF1 | 32375 | 15739 |
|  FF2 | 93451 | 286316 |
|  FF3 | 1512964 | 863950 |
|  FVG | 116635 | 111344 |
|  FGP | 462349 | 91495 |
|  F99 | 2067894 | 1966594 |
|  FHI | 346817 | 337607 |
|  FIP | 1686 | 2538 |
|  FIG | 9264891 | 17714377 |
|  FMC | 568805 | 192301 |
|  FM8 | 50132538 | 34508756 |
|  FOF | 297166 | 304406 |
|  F91 | 223501 | 183972 |
|  FE3 | 191443 | 28361 |
|  TFS | 24925 | 225003 |
|  T20 | 95635 | 110079 |
|  TSF | 564208 | 287542 |
|  F56 | 462 | 479 |
|  FSC | 1865 | 487 |
|  FRE | 3518 | 14626 |
|  G31 | 24381 | 36752 |
|  V15 | 472527 | 52461 |
|  VCP | 225754 | 144326 |
|  A39 | 11203 | 2493 |
|  IB1 | 580194 | 1953668 |
|  A21 | 32117 | 4889 |
|  A22 | 720176 | 692474 |
|  I76 | 604102 | 91401 |
|  MVP | 51340 | 6856 |
|  JM7 | 11007 | 3871 |
|  J43 | 2506 | 731 |
|  J32 | 84231 | 40311 |
|  LRI | 101355 | 1437707 |
|  MD8 | 15232900 | 11673062 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**6. INVESTMENT PURCHASES AND SALES (CONTINUED)** 

---

| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales** |
|  M07 | $892593 | $238697 |
|  M35 | 632143 | 412143 |
|  M80 | 249114 | 120226 |
|  MF1 | 797560 | 873445 |
|  M41 | 38836 | 20841 |
|  M42 | 363 | 18125 |
|  M06 | 230035 | 200408 |
|  M33 | 480 | 679 |
|  M44 | 310098 | 435950 |
|  M40 | 1305 | 297 |
|  M83 | 1932911 | 3732517 |
|  M08 | 75837 | 831870 |
|  MB7 | 61083 | 14294 |
|  MC0 | 1541274 | 7600720 |
|  MA0 | 31662 | 28146 |
|  MC1 | 179592 | 2058064 |
|  MC3 | 21322 | 62779 |
|  MC6 | 318436 | 46620 |
|  MC9 | 625642 | 415719 |
|  M96 | 1128522 | 2206690 |
|  MA6 | 1081858 | 489758 |
|  MA3 | 3682 | 13213 |
|  M97 | 303927 | 135206 |
|  MD5 | 262895 | 155059 |
|  M98 | 367059 | 364842 |
|  MD6 | 7567 | 550 |
|  MB3 | 59516 | 29265 |
|  ME2 | 200504 | 1172622 |
|  MA7 | 937 | 3263 |
|  MB8 | 795085 | 860758 |
|  MF6 | 3140526 | 2555494 |
|  MF2 | 1755895 | 15407687 |
|  MG3 | 660863 | 737194 |
|  VMG | 21375 | 2755 |
|  NMC | 8127 | 2537 |
|  NSE | 2786 | 846 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**6. INVESTMENT PURCHASES AND SALES (CONTINUED)** 

---

| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales** |
|  O01 | $523083 | $451726 |
|  O00 | 3038 | 1036 |
|  OGS | 2252902 | 1618270 |
|  OSC | 339441 | 543193 |
|  P10 | 370383 | 306066 |
|  PK8 | 318201 | 376663 |
|  P06 | 5339286 | 3403789 |
|  P07 | 5897663 | 7341439 |
|  SCP | 516769 | 844076 |
| 307 | 5486754 | 6653591 |
|  REI | 1034652 | 865589 |
|  RNA | 9773 | 3737 |
|  W42 | 657 | 2131 |

---

**7. CHANGES IN UNITS OUTSTANDING** 

The changes in units outstanding for the year ended December 31, 2025 were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Units<br>Issued** | **Units<br>Redeemed** | **Net Increase<br>(Decrease)** |
|  A71 | 11651 | 2867 | 8784 |
|  IVP | 74 | 17 | 57 |
|  A19 |  | 76 | (76) |
|  ASM | 45 | 1141 | (1096) |
|  A54 | 2013 | 3392 | (1379) |
|  A51 | 11143 | 9093 | 2050 |
| 308 | 20567 | 7768 | 12799 |
| 301 | 235604 | 59536 | 176068 |
| 304 | 325 | 541 | (216) |
| 309 | 1330 | 1269 | 61 |
| 306 | 799 | 561 | 238 |
| 303 | 27254 | 29513 | (2259) |
| 302 | 73335 | 15814 | 57521 |
| 305 | 1724 | 1565 | 159 |
| 300 | 97536 | 148070 | (50534) |
|  BLG | 1378 | 4315 | (2937) |
|  MSV | 37 | 156 | (119) |
|  C89 | 59 | 24 | 35 |
|  C58 | 8 | 4 | 4 |
|  DRS | 35818 | 31089 | 4729 |
|  DSV | 26226 | 28102 | (1876) |
|  D37 | 8063 | 9365 | (1302) |
|  SSI | 6322 | 7141 | (819) |
|  D55 | 3860 | 4273 | (413) |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**7. CHANGES IN UNITS OUTSTANDING (CONTINUED)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Units<br>Issued** | **Units<br>Redeemed** | **Net Increase<br>(Decrease)** |
|  D18 | 34607 | 35618 | (1011) |
|  DTG | 1403 | 549 | 854 |
|  DSI | 543022 | 829358 | (286336) |
|  DCA | 22690 | 23450 | (760) |
|  DSC | 61 | 26 | 35 |
|  DGI | 23 | 22 | 1 |
|  FVI | 4168 | 3096 | 1072 |
|  FCN | 15665 | 18850 | (3185) |
|  F24 | 200 | 519 | (319) |
|  FEI | 5236 | 10988 | (5752) |
|  FF1 | 18739 | 18993 | (254) |
|  FF2 | 42883 | 51965 | (9082) |
|  FF3 | 83733 | 71242 | 12491 |
|  FVG | 2204 | 2875 | (671) |
|  FGP | 2809 | 2113 | 696 |
|  F99 | 10255 | 17982 | (7727) |
|  FHI | 1204 | 1486 | (282) |
|  FIP | 6 | 21 | (15) |
|  FIG | 337949 | 653071 | (315122) |
|  FMC | 27497 | 27143 | 354 |
|  FM8 | 3759649 | 2780228 | 979421 |
|  FOF | 7253 | 11266 | (4013) |
|  F91 | 3975 | 4086 | (111) |
|  FE3 | 2221 | 815 | 1406 |
|  TFS | 400 | 7544 | (7144) |
|  T20 | 354 | 2712 | (2358) |
|  TSF | 2428 | 6224 | (3796) |
|  F56 | 11 | 11 |  |
|  FSC | 22 | 8 | 14 |
|  FRE | 27471 | 28184 | (713) |
|  G31 | 209 | 452 | (243) |
|  V15 |  | 903 | (903) |
|  VCP | 2259 | 2378 | (119) |
|  A39 | 41 | 36 | 5 |
|  IB1 | 24153 | 50496 | (26343) |
|  A21 |  | 101 | (101) |
|  A22 | 13842 | 14452 | (610) |
|  I76 | 15021 | 2560 | 12461 |
|  MVP | 35971 | 35502 | 469 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**7. CHANGES IN UNITS OUTSTANDING (CONTINUED)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Units<br>Issued** | **Units<br>Redeemed** | **Net Increase<br>(Decrease)** |
|  JM7 | 543 | 238 | 305 |
|  J43 | 15 | 13 | 2 |
|  J32 | 598 | 412 | 186 |
|  LRI | 2254 | 55682 | (53428) |
|  MD8 | 773381 | 820947 | (47566) |
|  M07 | 47290 | 42734 | 4556 |
|  M35 | 13004 | 18522 | (5518) |
|  M80 | 838 | 2094 | (1256) |
|  MF1 | 26188 | 37971 | (11783) |
|  M41 | 274 | 716 | (442) |
|  M42 | 235 | 954 | (719) |
|  M06 | 8736 | 15221 | (6485) |
|  M33 | 11 | 17 | (6) |
|  M44 | 7398 | 14616 | (7218) |
|  M40 |  | 15 | (15) |
|  M83 | 74414 | 147833 | (73419) |
|  M08 | 178 | 33590 | (33412) |
|  MB7 | 2 | 175 | (173) |
|  MC0 | 7535 | 288701 | (281166) |
|  MA0 | 1154 | 1168 | (14) |
|  MC1 | 3174 | 39669 | (36495) |
|  MC3 | 4388 | 7070 | (2682) |
|  MC6 | 1333 | 454 | 879 |
|  MC9 | 5298 | 7839 | (2541) |
|  M96 | 45280 | 98111 | (52831) |
|  MA6 | 50102 | 28760 | 21342 |
|  MA3 | 45 | 377 | (332) |
|  M97 | 4999 | 3650 | 1349 |
|  MD5 | 2452 | 3005 | (553) |
|  M98 | 52205 | 62134 | (9929) |
|  MD6 | 27 | 8 | 19 |
|  MB3 | 252 | 473 | (221) |
|  ME2 | 4983 | 32972 | (27989) |
|  MA7 | 4 | 140 | (136) |
|  MB8 | 16279 | 19137 | (2858) |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**7. CHANGES IN UNITS OUTSTANDING (CONTINUED)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Units<br>Issued** | **Units<br>Redeemed** | **Net Increase<br>(Decrease)** |
|  MF6 | 44318 | 37002 | 7316 |
|  MF2 | 23218 | 966723 | (943505) |
|  MG3 | 66759 | 75885 | (9126) |
|  VMG | 12101 | 11858 | 243 |
|  NMC | 16 | 31 | (15) |
|  NSE | 64 | 37 | 27 |
|  O01 | 2974 | 6413 | (3439) |
|  O00 |  | 60 | (60) |
|  OGS | 28410 | 28623 | (213) |
|  OSC | 2229 | 8333 | (6104) |
|  P10 | 11987 | 9531 | 2456 |
|  PK8 | 5839 | 15456 | (9617) |
|  P06 | 218026 | 154541 | 63485 |
|  P07 | 168309 | 296590 | (128281) |
|  SCP | 16396 | 28472 | (12076) |
| 307 | 36484 | 70928 | (34444) |
|  REI | 14243 | 16053 | (1810) |
|  RNA | 16 | 33 | (17) |
|  W42 | 1884 | 1921 | (37) |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**7. CHANGES IN UNITS OUTSTANDING (CONTINUED)** 

The changes in units outstanding for the year ended December 31, 2024 were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Units<br>Issued** | **Units<br>Redeemed** | **Net Increase<br>(Decrease)** |
|  A71 | 2093 | 5688 | (3595) |
|  AM2 |  | 37145 | (37145) |
|  IVP | 60 | 20 | 40 |
|  A19 |  | 80 | (80) |
|  ASM | 159 | 188 | (29) |
|  A54 | 1848 | 6916 | (5068) |
|  A51 | 3720 | 2994 | 726 |
| 308 | 6962 | 3622 | 3340 |
| 301 | 11416 | 13987 | (2571) |
| 304 | 321 | 941 | (620) |
| 309 | 256 | 255 | 1 |
| 306 | 1207 | 748 | 459 |
| 303 | 15316 | 16514 | (1198) |
| 302 | 4334 | 4612 | (278) |
| 305 | 2039 | 1679 | 360 |
| 300 | 56094 | 130948 | (74854) |
|  BLG | 1483 | 4046 | (2563) |
|  MSV | 67 | 168 | (101) |
|  C89 | 50 | 27 | 23 |
|  DRS | 67064 | 24293 | 42771 |
|  DSV | 16986 | 23430 | (6444) |
|  D37 | 2154 | 4438 | (2284) |
|  SSI | 8920 | 5552 | 3368 |
|  D55 | 1293 | 2649 | (1356) |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**7. CHANGES IN UNITS OUTSTANDING (CONTINUED)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Units<br>Issued** | **Units<br>Redeemed** | **Net Increase<br>(Decrease)** |
|  D18 | 11012 | 1038 | 9974 |
|  DTG | 3861 | 3227 | 634 |
|  DSI | 118772 | 267858 | (149086) |
|  DCA | 1156 | 5632 | (4476) |
|  DSC | 44 | 29 | 15 |
|  DGI | 21 | 26 | (5) |
|  FVI | 2493 | 1356 | 1137 |
|  FCN | 6992 | 7287 | (295) |
|  F24 | 431 | 2290 | (1859) |
|  FEI | 3393 | 11156 | (7763) |
|  FF1 | 4473 | 7595 | (3122) |
|  FF2 | 27170 | 32592 | (5422) |
|  FF3 | 59185 | 78869 | (19684) |
|  FVG | 724 | 221 | 503 |
|  FGP | 4740 | 3948 | 792 |
|  F99 | 5044 | 10790 | (5746) |
|  FHI | 4172 | 3279 | 893 |
|  FIP | 11 | 15 | (4) |
|  FIG | 262748 | 170022 | 92726 |
|  FMC | 17152 | 16980 | 172 |
|  FM8 | 440072 | 577705 | (137633) |
|  FOF | 30896 | 4063 | 26833 |
|  F91 | 2159 | 935 | 1224 |
|  FE3 | 11324 | 9953 | 1371 |
|  TFS | 250 | 860 | (610) |
|  T20 | 1604 | 2666 | (1062) |
|  TSF | 2971 | 5935 | (2964) |
|  F56 | 12 | 15 | (3) |
|  FSC | 829 | 822 | 7 |
|  FRE | 18360 | 18705 | (345) |
|  G31 | 26 | 509 | (483) |
|  V15 |  | 1028 | (1028) |
|  VCP | 345 | 11810 | (11465) |
|  A39 | 51 | 2710 | (2659) |
|  IB1 | 15112 | 19994 | (4882) |
|  A21 | 9 | 898 | (889) |
|  A22 | 2035 | 1145 | 890 |
|  I76 | 609 | 541 | 68 |
|  MVP | 2039 | 2295 | (256) |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**7. CHANGES IN UNITS OUTSTANDING (CONTINUED)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Units<br>Issued** | **Units<br>Redeemed** | **Net Increase<br>(Decrease)** |
|  JM7 | 494 | 208551 | (208057) |
|  J43 | 13 | 13 |  |
|  J32 | 358 | 619 | (261) |
|  LRI | 11722 | 56135 | (44413) |
|  MD8 | 867125 | 1031209 | (164084) |
|  M07 | 23925 | 41479 | (17554) |
|  M35 | 30358 | 13630 | 16728 |
|  M31 |  | 24314 | (24314) |
|  M80 | 1316 | 2272 | (956) |
|  MF1 | 26265 | 20352 | 5913 |
|  M41 | 884 | 666 | 218 |
|  M05 | 1245 | 1245 |  |
|  M42 | 1602 | 823 | 779 |
|  M06 | 6368 | 63457 | (57089) |
|  M33 | 17 | 20 | (3) |
|  M44 | 4703 | 4499 | 204 |
|  M40 | 93 | 18 | 75 |
|  M83 | 15699 | 60218 | (44519) |
|  M08 | 10580 | 15315 | (4735) |
|  MB7 |  | 174 | (174) |
|  MC0 | 10019 | 7706 | 2313 |
|  MA0 | 407 | 1155 | (748) |
|  MC1 | 7230 | 12970 | (5740) |
|  MC3 | 3029 | 3430 | (401) |
|  MC6 | 1176 | 359 | 817 |
|  MC9 | 1009 | 5835 | (4826) |
|  M96 | 65413 | 38266 | 27147 |
|  MA6 | 18218 | 24298 | (6080) |
|  MA3 | 626 | 1224 | (598) |
|  M97 | 3816 | 29810 | (25994) |
|  MD5 | 36370 | 2806 | 33564 |
|  M98 | 35412 | 68552 | (33140) |
|  MD6 | 18 | 8 | 10 |
|  MB3 | 364 | 460 | (96) |
|  ME2 | 27376 | 32425 | (5049) |
|  MA7 | 22 | 91 | (69) |
|  MB8 | 19318 | 16557 | 2761 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**7. CHANGES IN UNITS OUTSTANDING (CONTINUED)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Units<br>Issued** | **Units<br>Redeemed** | **Net Increase<br>(Decrease)** |
|  MF6 | 5277 | 7701 | (2424) |
|  MF2 | 42183 | 22927 | 19256 |
|  MG3 | 46049 | 49231 | (3182) |
|  VMG | 6174 | 5949 | 225 |
|  NMC | 13 | 34 | (21) |
|  NSE | 51 | 44 | 7 |
|  O01 | 4342 | 5946 | (1604) |
|  O00 | 53 | 7457 | (7404) |
|  OGS | 18492 | 21550 | (3058) |
|  OSC | 2183 | 1686 | 497 |
|  P10 | 18002 | 3812 | 14190 |
|  PK8 | 88249 | 5901 | 82348 |
|  P06 | 56382 | 138080 | (81698) |
|  P07 | 209841 | 98527 | 111314 |
|  SCP | 6203 | 6908 | (705) |
| 307 | 40464 | 92102 | (51638) |
|  REI | 8147 | 20651 | (12504) |
|  RNA | 11 | 36 | (25) |
|  W42 | 19 | 58 | (39) |

---

**8. TAX DIVERSIFICATION REQUIREMENTS** 

Under the provisions of Section 817(h) of the Code, a variable life contract, other than a pension plan contract, is not treated as a life contract for federal tax purposes for any period in which the investments of the segregated asset account on which the contract is based are not adequately diversified. The Code provides that the "adequately diversified" requirement may be met if the underlying investments satisfy either a statutory safe harbor test or diversification requirements set forth in regulations issued by the Secretary of Treasury. The Sponsor believes that the Variable Account satisfies the current requirements of the regulations, and it intends that the Variable Account will continue to meet such requirements.

**9. SEGMENT REPORTING** 

The Variable Account derives revenues from the variable portion of certain variable life insurance products sold by the Sponsor. The Sponsor has identified its Chief Product Officer as the chief operating decision maker for overseeing the Variable Account's variable life insurance products and the performance of the Funds to evaluate the results of the business and make operational decisions. The Variable Account's products constitute a single operating segment and therefore, a single reportable segment. The Variable Account is structured with a limited purpose by design and its sole purpose is to record and report the Funds' activities and performance. Investment performance of the Funds may vary based on the Fund's investment objectives specified in the fund prospectuses. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies herein. Refer to the Variable Account's Statement of Operations for segment expenses for the year ended December 31, 2025 and the Statement of Assets and Liabilities for segment assets at December 31, 2025.

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS** 

The summary of units outstanding, unit value (some of which may be rounded), net assets, investment income ratios and the total return, for each of the five years in the period ended December 31, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>A70</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 |  | $45.3268 | $15 | —% | 6.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 |  | 42.7509 | 14 |  | 0.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 |  | 40.3464 | 13 |  | 15.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 |  | 34.8708 | 12 |  | (27.17) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 |  | 47.8780 |  |  | 22.57 |
|  <u>A71</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 20537 | 64.8160 | 1334969 | 0.97 | 10.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 11753 | 58.8174 | 694761 | 1.09 | 12.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 15348 | 52.1594 | 802585 | 1.13 | 11.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 22329 | 46.6870 | 1044151 | 1.12 | (4.42) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 21324 | 48.8456 | 1044446 | 0.69 | 27.84 |
|  <u>AM2<sup>5</sup></u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 37145 | 42.98 | 1595414 |  | 12.35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 34866 | 38.25 | 1331119 |  | (27.81) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 37705 | 52.98 | 1997771 |  | 8.01 |
|  <u>IVP</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 439 | 18.7790 | 8241 | 2.70 | 41.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 382 | 13.2531 | 5066 | 2.83 | 5.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 342 | 12.6140 | 4290 | 0.90 | 15.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 252 | 10.9546 | 2751 | 5.12 | (13.61) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 198 | 12.6805 | 2489 | 2.30 | 11.08 |
|  <u>A19</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 2706 | 96.9858 | 262460 |  | 4.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 2782 | 92.8546 | 258326 |  | 18.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 2862 | 78.3952 | 223941 |  | 17.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 2981 | 66.5917 | 198185 |  | (39.26) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 3052 | 109.6414 | 334589 |  | 9.20 |
|  <u>ASM</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 31 | 37.8084 | 1170 | 1.11 | 2.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1127 | 36.7477 | 41426 | 0.87 | 10.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1156 | 33.4009 | 38510 | 1.07 | 17.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1191 | 28.5041 | 33861 | 1.09 | (15.63) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1213 | 33.7842 | 41003 | 0.53 | 35.95 |
|  <u>A54</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 12843 | 60.1427 | 772400 |  | 16.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 14222 | 51.5076 | 732511 |  | 21.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 19290 | 42.5443 | 820662 |  | 23.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 19909 | 34.5404 | 687642 |  | (36.07) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 18505 | 54.0306 | 999800 |  | 4.20 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>A51</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 15641 | $35.0134 | $547655 | —% | 5.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 13591 | 33.0592 | 449321 | 0.40 | 8.13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 12865 | 30.5732 | 392715 |  | 16.49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 11039 | 26.2453 | 289366 |  | (38.01) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 6664 | 42.3402 | 282167 |  | (6.06) |
| <u>308</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 67266 | 72.6679 | 4888057 | 1.54 | 17.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 54467 | 61.9985 | 3376889 | 1.65 | 19.14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 51127 | 52.0365 | 2658959 | 1.88 | 17.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 52200 | 44.3671 | 2314671 | 1.97 | (8.45) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 49406 | 48.4637 | 2394420 | 1.57 | 27.78 |
| <u>301</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 287007 | 17.9468 | 5150853 | 5.38 | 7.26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 110939 | 16.7321 | 1856240 | 4.14 | 1.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 113510 | 16.5409 | 1875937 | 3.48 | 5.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 125350 | 15.7504 | 1972116 | 2.89 | (12.58) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 131135 | 18.0170 | 2362655 | 1.40 | (0.31) |
| <u>304</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 8870 | 77.4052 | 686605 | 1.39 | 21.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 9086 | 63.6419 | 578246 | 1.58 | 13.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 9706 | 55.9822 | 542354 | 0.92 | 22.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 9387 | 45.6614 | 427983 | 0.67 | (24.74) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 9326 | 60.6703 | 565787 | 0.37 | 16.42 |
| <u>309</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 504 | 62.3666 | 31428 | 1.47 | 24.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 443 | 49.9714 | 22133 | 1.72 | 14.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 442 | 43.8329 | 19275 | 1.99 | 20.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 351 | 36.2617 | 12645 | 2.48 | (17.33) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 298 | 43.8652 | 13076 | 1.83 | 14.78 |
| <u>306</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 12822 | 46.3681 | 594521 | 0.36 | 14.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 12584 | 40.4479 | 508998 | 1.06 | 2.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 12125 | 39.5264 | 478460 | 0.27 | 16.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 11061 | 34.0239 | 375821 |  | (29.55) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 10282 | 48.2977 | 496580 |  | 6.74 |
| <u>303</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 1915 | 137.5648 | 263820 | 0.18 | 20.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 4174 | 114.4185 | 477881 | 0.32 | 31.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 5372 | 86.9276 | 465706 | 0.36 | 38.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 6959 | 62.7721 | 434828 | 0.34 | (29.94) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 6818 | 89.5934 | 611044 | 0.28 | 21.99 |
| <u>302</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 65296 | 87.7103 | 5727056 | 0.51 | 18.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 7775 | 74.2903 | 577611 | 1.18 | 24.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 8053 | 59.8020 | 481253 | 1.56 | 26.14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 7854 | 47.4103 | 371751 | 1.28 | (16.49) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 10422 | 56.7739 | 591652 | 1.14 | 24.10 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
| <u>305</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 5034 | $34.8279 | $175326 | 7.18% | 8.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 4875 | 32.1759 | 156873 | 7.75 | 9.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 4515 | 29.3395 | 132471 | 9.62 | 12.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 2137 | 26.0905 | 55691 | 10.07 | (9.26) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 752 | 28.7545 | 21635 | 7.74 | 8.42 |
| <u>300</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 546395 | 34.4077 | 18800137 | 1.32 | 26.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 596929 | 27.1429 | 16202364 | 1.14 | 3.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 671783 | 26.3117 | 17643719 | 1.31 | 15.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 723445 | 22.7130 | 16405390 | 1.75 | (20.79) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 716552 | 28.6728 | 20545515 | 2.44 | (1.50) |
|  <u>BLG</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 19882 | 34.5503 | 686928 | 3.37 | 19.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 22819 | 28.8410 | 658131 | 1.32 | 9.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 25382 | 26.4031 | 662743 | 2.15 | 12.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 29091 | 23.4011 | 675973 |  | (15.86) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 31666 | 27.8117 | 880676 | 0.92 | 6.67 |
|  <u>MSV</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 12561 | 62.0327 | 779122 | 0.85 | 11.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 12680 | 55.8282 | 707861 | 0.80 | 12.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 12781 | 49.8224 | 636190 | 1.00 | 18.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 12776 | 41.9085 | 534996 | 0.85 | (16.48) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 15336 | 50.1750 | 769417 | 0.89 | 13.64 |
|  <u>C89</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 315 | 39.1923 | 12339 |  | 13.78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 280 | 34.4471 | 9637 |  | 21.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 257 | 28.3702 | 7257 |  | 39.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 191 | 20.3317 | 3856 |  | (28.00) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 155 | 28.2404 | 4373 |  | 18.57 |
|  <u>C58</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 4 | 21.6582 | 89 |  | 37.86 |
|  <u>DRS</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 99944 | 44.1660 | 4414235 | 3.00 | 1.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 95215 | 43.7209 | 4162976 | 3.56 | 7.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 52444 | 40.5297 | 2122178 | 3.49 | 12.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 51642 | 36.0021 | 1856081 | 3.09 | (25.30) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 53934 | 48.1968 | 2599447 | 3.10 | 43.07 |
|  <u>DSV</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 67622 | 62.5140 | 4227267 | 1.24 | 8.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 69498 | 57.7973 | 4016729 | 1.33 | 11.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 75942 | 51.9202 | 3938732 | 0.96 | 9.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 74277 | 47.4401 | 3513157 | 0.84 | (12.09) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 76840 | 53.9636 | 4146546 | 0.76 | 34.42 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>D37</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 23228 | $85.0270 | $1974957 | 0.55% | 8.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 24530 | 78.1122 | 1916066 | 0.61 | 14.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 26814 | 68.0832 | 1823866 | 1.13 | 16.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 27627 | 58.4647 | 1613872 | 0.46 | (13.73) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 28522 | 67.7694 | 1932934 | 0.98 | 23.18 |
| <u>001</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 |  | 30.0838 | 5 | 3.18 | 17.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 |  | 25.6713 | 4 | 3.98 | 17.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 |  | 21.7992 | 4 | 0.03 | 20.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 139 | 18.0513 | 2480 | 1.79 | (15.40) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 123 | 21.3365 | 2625 | 1.90 | 26.69 |
|  <u>SSI</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 21150 | 55.1006 | 1165354 | 1.39 | 12.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 21969 | 48.9194 | 1074688 | 1.16 | 11.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 18601 | 44.0112 | 817748 | 1.11 | 16.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 19216 | 37.6945 | 723143 | 0.90 | (20.64) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 20071 | 47.4956 | 953279 | 0.83 | 14.50 |
|  <u>D55</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 32153 | 72.8228 | 2341397 | 1.12 | 12.37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 32566 | 64.8079 | 2110505 | 0.90 | 10.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 33922 | 58.4449 | 1982018 | 0.90 | 16.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 34108 | 50.2407 | 1711193 | 0.62 | (20.89) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 36356 | 63.5056 | 2308774 | 0.56 | 14.18 |
|  <u>S61</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 |  | 49.1330 | 15 | 1.11 | 18.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 |  | 41.5626 | 13 | 1.15 | 6.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 |  | 39.1330 | 12 | 1.14 | 14.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 |  | 34.0439 | 10 | 0.03 | (15.80) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 |  | 40.4338 |  | 0.01 | 30.50 |
|  <u>D18</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 22997 | 53.2336 | 1224204 | 0.69 | 10.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 24008 | 48.3640 | 1161110 | 0.77 | 12.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 14034 | 42.9463 | 602031 | 0.80 | 18.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 15229 | 36.2995 | 552178 | 0.78 | (14.08) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 18446 | 42.2466 | 779284 | 0.61 | 25.88 |
|  <u>DTG</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 18061 | 131.6258 | 2377312 |  | 28.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 17207 | 102.7040 | 1767192 |  | 25.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 16573 | 81.6791 | 1352415 |  | 59.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 14556 | 51.2353 | 744938 |  | (46.39) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 13326 | 95.5649 | 1273538 |  | 12.93 |
|  <u>DSI</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 1666664 | 77.0825 | 128476753 | 1.01 | 17.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1953000 | 65.5848 | 128092273 | 1.17 | 24.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 2102086 | 52.6104 | 110515830 | 1.43 | 25.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 2188944 | 41.7782 | 91345871 | 1.30 | (18.32) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 2617017 | 51.1473 | 133857543 | 1.15 | 28.41 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>DCA</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 83812 | $79.0664 | $6626685 | 0.36% | 10.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 84572 | 71.8314 | 6074924 | 0.42 | 12.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 89048 | 63.6766 | 5670215 | 0.72 | 20.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 89797 | 52.6389 | 4724416 | 0.67 | (18.06) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 90561 | 64.2447 | 5818282 | 0.44 | 27.13 |
|  <u>DSC</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 830 | 43.6406 | 36209 | 0.65 | 10.99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 795 | 39.3209 | 31251 | 0.66 | 4.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 780 | 37.5855 | 29213 | 0.33 | 9.28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 732 | 34.3932 | 25109 |  | (16.62) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 712 | 41.2488 | 29347 | 0.20 | 16.46 |
|  <u>DGI</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 1198 | 85.3752 | 102270 | 0.45 | 16.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1197 | 73.0746 | 87479 | 0.55 | 22.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1202 | 59.5429 | 71482 | 0.66 | 26.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1195 | 47.0009 | 56092 | 0.80 | (14.82) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1193 | 55.1764 | 65828 | 0.48 | 25.63 |
|  <u>FVI</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 16935 | 64.5539 | 1093257 | 1.77 | 15.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 15863 | 56.0341 | 888856 | 1.85 | 15.92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 14726 | 48.3384 | 710833 | 1.75 | 21.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 12913 | 39.7753 | 513042 | 1.26 | (17.94) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 11679 | 48.4714 | 566088 | 0.94 | 18.26 |
|  <u>FCN</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 84526 | 200.2497 | 16925267 | 0.14 | 21.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 87711 | 164.8410 | 14457585 | 0.19 | 33.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 88006 | 123.2078 | 10837884 | 0.51 | 33.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 88780 | 92.3245 | 8190918 | 0.51 | (26.31) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 89563 | 125.2922 | 11220965 | 0.06 | 27.83 |
|  <u>F24</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 4286 | 138.8359 | 596798 |  | 21.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 4605 | 114.5565 | 528901 | 0.04 | 33.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 6464 | 85.8430 | 552751 | 0.26 | 33.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 6803 | 64.4874 | 436764 | 0.26 | (26.49) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 7056 | 87.7234 | 620084 | 0.03 | 27.51 |
|  <u>FEI</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 224540 | 44.1171 to 84.9725 | 12149236 | 1.84 | 19.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 230292 | 37.0672 to 71.3939 | 10447007 | 1.81 | 15.35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 238055 | 32.1351 to 61.8944 | 9317031 | 1.96 | 10.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 239773 | 29.0427 to 55.9383 | 8491857 | 1.92 | (4.96) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 240391 | 30.5578 to 58.8564 | 8975045 | 1.92 | 24.89 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>FF1</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 12002 | $29.8164 | $357862 | 3.09% | 11.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 12256 | 26.6521 | 326655 | 3.08 | 6.52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 15378 | 25.0206 | 384472 | 3.73 | 10.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 15891 | 22.5510 | 357848 | 2.17 | (14.60) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 17258 | 26.4057 | 455706 | 1.23 | 7.69 |
|  <u>FF2</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 23655 | 31.8924 | 754393 | 2.78 | 13.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 32737 | 28.1418 | 921265 | 2.68 | 7.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 38159 | 26.1270 | 996675 | 3.26 | 12.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 38601 | 23.2447 | 895662 | 2.11 | (15.69) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 51046 | 27.5699 | 1407332 | 1.34 | 9.47 |
|  <u>FF3</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 102821 | 37.3164 | 3836921 | 2.35 | 15.52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 90330 | 32.3035 | 2917984 | 2.16 | 9.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 110014 | 29.5255 | 3247352 | 2.48 | 14.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 108256 | 25.7417 | 2783318 | 1.90 | (16.87) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 113345 | 30.9661 | 3509859 | 1.06 | 12.37 |
|  <u>FVG</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 6026 | 77.6352 | 467800 | 1.54 | 21.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 6697 | 63.8966 | 427926 | 1.56 | 22.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 6194 | 52.2826 | 323593 | 1.56 | 18.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 7210 | 44.0390 | 316886 | 1.87 | (4.95) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 6423 | 46.3322 | 297599 | 2.55 | 25.95 |
|  <u>FGP</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 14591 | 155.6728 | 2271479 | 0.30 | 14.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 13895 | 135.4873 | 1882552 | 0.00 | 30.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 13103 | 103.9095 | 1359713 | 0.14 | 36.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 11457 | 76.2716 | 873213 | 0.54 | (24.46) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 502 | 100.9634 | 50708 |  | 23.21 |
|  <u>F99</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 65143 | 119.3298 | 7778019 | 0.05 | 14.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 72870 | 104.1191 | 7591162 |  | 30.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 78616 | 80.0459 | 6288392 |  | 35.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 70796 | 58.9057 | 4165763 | 0.33 | (24.64) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 82638 | 78.1700 | 6462797 |  | 22.90 |
|  <u>FHI</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 9338 | 33.1674 | 309701 | 6.46 | 10.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 9620 | 30.0534 | 289110 | 6.39 | 8.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 8727 | 27.5790 | 239873 | 5.93 | 10.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 8929 | 24.9637 | 222287 | 5.36 | (11.37) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 8216 | 28.1678 | 231419 | 4.69 | 4.41 |
|  <u>FIP</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 522 | 130.9861 | 68154 | 1.16 | 17.78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 537 | 111.2166 | 59533 | 1.30 | 24.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 541 | 89.0458 | 47965 | 1.49 | 26.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 550 | 70.5631 | 38642 | 1.44 | (18.21) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 427 | 86.2762 | 36594 | 1.28 | 28.58 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>FIG</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 824363 | $31.7583 | $26180356 | 3.45% | 7.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1139485 | 29.6186 | 33749962 | 3.57 | 1.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1046759 | 29.0980 | 30434352 | 2.53 | 6.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1133986 | 27.3984 | 31039422 | 2.12 | (12.96) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1256057 | 31.4779 | 39538077 | 1.98 | (0.61) |
|  <u>FMC</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 61700 | 54.3530 | 3353595 | 0.44 | 11.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 61346 | 48.6368 | 2983700 | 0.55 | 17.49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 61174 | 41.3958 | 2530612 | 0.60 | 15.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 61742 | 35.9727 | 2218874 | 0.51 | (14.74) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 64564 | 42.1934 | 2724199 | 0.58 | 25.60 |
|  <u>FM8</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 3736204 | 14.3836 | 53732964 | 4.00 | 4.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 2756783 | 13.8263 | 38109182 | 4.88 | 5.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 2894416 | 13.1679 | 38083472 | 4.69 | 4.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 2855433 | 12.5657 | 35842023 | 1.60 | 1.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1960206 | 12.3970 | 24294683 | 0.01 | 0.01 |
|  <u>FOF</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 33975 | 39.4399 | 1339965 | 1.60 | 20.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 37988 | 32.7600 | 1244471 | 4.34 | 5.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 11155 | 31.1843 | 347245 | 1.09 | 20.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 10605 | 25.8778 | 274022 | 1.10 | (24.48) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 10625 | 34.2680 | 364102 | 0.52 | 19.70 |
|  <u>F91</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 7852 | 47.7446 | 374901 | 1.58 | 20.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 7963 | 39.7694 | 316673 | 1.54 | 4.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 6739 | 37.9456 | 254167 | 0.87 | 20.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 5929 | 31.5634 | 186087 | 0.86 | (24.68) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 5893 | 41.9065 | 246937 | 0.35 | 19.39 |
|  <u>FE3</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 25280 | 37.3014 | 942979 | 1.86 | 37.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 23874 | 27.1350 | 647823 | 1.80 | 6.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 22503 | 25.5761 | 575033 |  | 10.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 20290 | 23.2348 | 471039 | 2.16 | (8.17) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 18561 | 25.3010 | 469610 | 0.73 | 4.44 |
|  <u>TFS</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 935 | 31.6896 | 29649 | 3.26 | 29.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 8079 | 24.4697 | 197710 | 2.57 | (0.79) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 8689 | 24.6657 | 213765 | 3.40 | 21.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 8805 | 20.3694 | 178987 | 3.31 | (7.39) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 8994 | 21.9938 | 197832 | 2.11 | 4.44 |
|  <u>T20</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 22611 | 42.4613 | 961461 | 2.35 | 29.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 24969 | 32.8663 | 821676 | 2.45 | (1.00) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 26031 | 33.1974 | 863982 | 3.64 | 20.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 16098 | 27.4912 | 442803 | 3.05 | (7.61) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 16419 | 29.7541 | 489482 | 1.86 | 4.16 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>TSF</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 116422 | $51.7880 | $6029138 | 1.10% | 24.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 120218 | 41.7118 | 5014424 | 1.17 | 5.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 123182 | 39.4613 | 4859231 | 3.51 | 21.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 120963 | 32.5496 | 3935170 | 0.51 | (11.32) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 118841 | 36.7046 | 4361925 | 1.32 | 5.26 |
|  <u>F56</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 |  | 47.5066 |  | 0.59 | 23.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 |  | 38.3656 | 4 | 0.77 | 5.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 3 | 36.3988 | 75 | 2.81 | 21.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 6 | 30.0794 | 150 | 0.15 | (11.50) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 8 | 33.9892 | 269 | 0.92 | 4.87 |
|  <u>FSS</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 |  | 34.0576 |  |  | 13.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 177 | 29.9465 | 5207 | 2.19 | (7.15) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 169 | 32.2542 | 5454 | 3.07 | 19.52 |
|  <u>FSC</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 216 | 60.4073 | 13031 |  | 2.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 202 | 58.8174 | 11875 |  | 11.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 195 | 52.8397 | 10230 |  | 27.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 172 | 41.5655 | 7132 |  | (33.52) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 162 | 62.5239 | 10105 |  | 10.25 |
|  <u>FRE</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 3329 | 18.2978 | 60899 | 1.48 | 8.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 4042 | 16.9081 | 68336 | 2.00 | 0.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 4387 | 16.9032 | 74141 | 2.87 | 11.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 5237 | 15.1356 | 78988 | 2.41 | (25.92) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 6154 | 20.4317 | 125733 | 1.04 | 27.20 |
|  <u>G31</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 527 | 90.0210 | 47455 | 0.70 | 15.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 770 | 77.7738 | 59915 | 0.55 | 28.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1253 | 60.6080 | 73496 | 0.61 | 23.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1712 | 48.9536 | 82381 | 0.73 | (19.74) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 2115 | 60.9929 | 129034 | 0.99 | 29.41 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>V15</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 84268 | $62.2154 | $5242784 | —% | 11.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 85171 | 55.7167 | 4745425 |  | 34.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 86199 | 41.3059 | 3557070 |  | 40.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 87465 | 29.3105 | 2561361 |  | (31.11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 88565 | 42.5485 | 3768293 |  | 11.93 |
|  <u>VCP</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 13592 | 65.8580 | 895167 | 1.66 | 17.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 13711 | 56.0758 | 768883 | 1.49 | 15.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 25176 | 48.6869 | 1224547 | 1.86 | 12.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 25465 | 43.3318 | 1102641 | 1.59 | 1.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 26944 | 42.8504 | 1154575 | 1.87 | 33.36 |
|  <u>A39</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 1404 | 77.8266 | 109287 | 0.67 | 16.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1399 | 66.9956 | 93706 | 0.47 | 25.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 4058 | 53.3373 | 216049 | 0.75 | 23.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 3996 | 43.2361 | 172518 | 0.93 | (20.55) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 3935 | 54.4171 | 214131 | 0.69 | 27.74 |
|  <u>IB1</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 40604 | 63.1399 | 2563720 | 1.08 | 15.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 66947 | 54.6116 | 3656068 | 1.45 | 16.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 71829 | 47.0793 | 3379906 | 1.80 | 12.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 59353 | 41.7883 | 2478859 | 1.70 | (5.75) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 59212 | 44.3385 | 2625381 | 1.63 | 28.51 |
|  <u>A21</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 8396 | 51.4267 | 431751 | 1.46 | 16.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 8497 | 44.1435 | 375075 | 1.73 | 0.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 9386 | 43.8721 | 411442 | 0.20 | 18.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 9464 | 37.1341 | 351213 | 1.72 | (18.31) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 9530 | 45.4547 | 433181 | 0.99 | 5.89 |
|  <u>A22</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 12673 | 49.5304 | 627717 | 0.32 | 9.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 13283 | 45.3610 | 602524 | 0.35 | 17.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 12393 | 38.7479 | 478645 | 0.30 | 14.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 13147 | 33.8510 | 443846 | 0.37 | (14.26) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 12420 | 39.4811 | 490345 | 0.47 | 23.24 |
|  <u>I76</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 15293 | 39.9893 | 611543 |  | 8.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 2832 | 37.0112 | 104820 | 0.14 | 18.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 2764 | 31.3412 | 86619 |  | 16.57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 2172 | 26.8851 | 58296 |  | (20.51) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1837 | 33.8204 | 62128 | 0.18 | 20.40 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>MVP</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 6089 | $44.1704 | $269024 | 0.84% | 6.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 5620 | 41.4760 | 233171 | 0.97 | 13.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 5876 | 36.6702 | 215060 | 1.16 | 11.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 5376 | 32.9187 | 176663 | 1.26 | (5.56) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 6786 | 34.8571 | 236582 | 0.46 | 19.73 |
|  <u>JM7</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 3653 | 16.9205 | 61859 | 3.78 | 7.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 3348 | 15.7543 | 52780 | 0.25 | 1.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 211405 | 15.4878 | 3274087 | 3.68 | 5.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 217388 | 14.6240 | 3173391 | 1.96 | (12.58) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 222335 | 16.7277 | 3719169 | 1.12 | (1.35) |
|  <u>J43</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 300 | 65.8473 | 19775 | 0.65 | 10.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 298 | 59.7148 | 17768 | 0.82 | 11.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 298 | 53.4555 | 15901 | 1.38 | 13.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 289 | 47.2640 | 13603 | 0.44 | (19.35) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 288 | 58.6051 | 16852 | 1.16 | 21.38 |
|  <u>J32</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 7107 | 109.5886 | 778881 | 0.48 | 14.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 6921 | 95.6779 | 662227 | 0.53 | 23.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 7182 | 77.1689 | 553912 | 1.59 | 27.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 7201 | 60.6858 | 436789 | 0.52 | (18.69) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 7449 | 74.6394 | 555982 | 0.74 | 29.34 |
|  <u>LRI</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 52106 | 34.6932 | 1814139 | 2.82 | 42.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 105534 | 24.4111 | 2580717 | 3.29 | 7.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 149947 | 22.6694 | 3400876 | 5.10 | 22.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 165110 | 18.4887 | 3053526 | 3.53 | (14.96) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 178813 | 21.7410 | 3891598 | 1.84 | 5.80 |
|  <u>MD8</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 7244306 | 11.9190 to 15.9689 | 115657432 | 3.79 | 3.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 7291872 | 11.4768 to 15.3764 | 112097594 | 4.73 | 4.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 7455956 | 10.9466 to 14.6662 | 108813352 | 4.50 | 4.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 6674319 | 10.4668 to 14.0233 | 93249536 | 1.17 | 1.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 6209795 | 10.3456 to 13.8609 | 86050260 | 0.00 | 0.00 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>MVP</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 6089 | $44.1704 | $269024 | 0.84% | 6.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 5620 | 41.4760 | 233171 | 0.97 | 13.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 5876 | 36.6702 | 215060 | 1.16 | 11.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 5376 | 32.9187 | 176663 | 1.26 | (5.56) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 6786 | 34.8571 | 236582 | 0.46 | 19.73 |
|  <u>JM7</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 3653 | 16.9205 | 61859 | 3.78 | 7.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 3348 | 15.7543 | 52780 | 0.25 | 1.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 211405 | 15.4878 | 3274087 | 3.68 | 5.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 217388 | 14.6240 | 3173391 | 1.96 | (12.58) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 222335 | 16.7277 | 3719169 | 1.12 | (1.35) |
|  <u>J43</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 300 | 65.8473 | 19775 | 0.65 | 10.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 298 | 59.7148 | 17768 | 0.82 | 11.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 298 | 53.4555 | 15901 | 1.38 | 13.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 289 | 47.2640 | 13603 | 0.44 | (19.35) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 288 | 58.6051 | 16852 | 1.16 | 21.38 |
|  <u>J32</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 7107 | 109.5886 | 778881 | 0.48 | 14.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 6921 | 95.6779 | 662227 | 0.53 | 23.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 7182 | 77.1689 | 553912 | 1.59 | 27.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 7201 | 60.6858 | 436789 | 0.52 | (18.69) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 7449 | 74.6394 | 555982 | 0.74 | 29.34 |
|  <u>LRI</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 52106 | 34.6932 | 1814139 | 2.82 | 42.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 105534 | 24.4111 | 2580717 | 3.29 | 7.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 149947 | 22.6694 | 3400876 | 5.10 | 22.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 165110 | 18.4887 | 3053526 | 3.53 | (14.96) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 178813 | 21.7410 | 3891598 | 1.84 | 5.80 |
|  <u>MD8</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 7244306 | 11.9190 to 15.9689 | 115657432 | 3.79 | 3.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 7291872 | 11.4768 to 15.3764 | 112097594 | 4.73 | 4.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 7455956 | 10.9466 to 14.6662 | 108813352 | 4.50 | 4.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 6674319 | 10.4668 to 14.0233 | 93249536 | 1.17 | 1.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 6209795 | 10.3456 to 13.8609 | 86050260 | 0.00 | 0.00 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3</sup>,<sup>4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>M07</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 240577 | $24.3060 | $5847453 | 2.74% | 11.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 236021 | 21.8651 | 5160613 | 2.46 | 7.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 253575 | 20.2920 | 5143298 | 2.06 | 10.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 254394 | 18.3733 | 4670054 | 1.72 | (9.58) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 266716 | 20.3204 | 5419782 | 1.83 | 14.12 |
|  <u>M35</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 150990 | 23.5745 | 3559510 | 2.53 | 10.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 156508 | 21.2546 | 3326506 | 2.36 | 7.46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 139780 | 19.7790 | 2753406 | 1.20 | 10.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 349892 | 17.9454 | 6256158 | 1.48 | (9.84) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 349982 | 19.9038 | 6965976 | 1.63 | 13.84 |
|  <u>M31</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 |  | 62.4372 |  |  | 31.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 24314 | 47.4932 | 1154603 |  | 35.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 25580 | 34.9567 | 892447 |  | (31.63) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 26270 | 51.1322 | 1343250 |  | 23.53 |
|  <u>M80</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 15829 | 67.7439 | 1072295 |  | 11.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 17085 | 60.5372 | 1034268 |  | 31.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 18041 | 46.1583 | 830910 |  | 35.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 31403 | 34.0631 | 1067334 |  | (31.80) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 31158 | 49.9496 | 1556337 |  | 23.24 |
|  <u>MF1</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 64939 | 47.9471 | 3113649 |  | 3.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 76722 | 46.2525 | 3548591 |  | 14.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 70809 | 40.3170 | 2851214 |  | 21.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 70264 | 33.2315 | 2332324 |  | (28.70) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 66810 | 46.6065 | 3113777 |  | 14.11 |
|  <u>M41</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 4031 | 47.1737 | 190165 |  | 3.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 4473 | 45.6228 | 204048 |  | 14.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 4255 | 39.8644 | 168553 |  | 20.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 10432 | 32.9534 | 341532 |  | (28.79) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 13997 | 46.2781 | 647774 |  | 13.88 |
|  <u>M42</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 2257 | 26.8407 | 60574 |  | 12.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 2976 | 23.8460 | 70960 |  | 6.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 2197 | 22.4042 | 48862 |  | 14.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 3913 | 19.6092 | 75626 |  | (29.99) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 10513 | 28.0111 | 294492 |  | 1.57 |
|  <u>M06</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 194658 | 13.5445 | 2636562 | 4.42 | 7.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 201143 | 12.6382 | 2542110 | 4.34 | 2.55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 258232 | 12.3242 | 3157795 | 3.18 | 7.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 284550 | 11.4772 | 3245797 | 2.71 | (13.93) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 313385 | 13.3355 | 4179155 | 2.61 | (0.81) |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>M33</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 |  | $50.1797 | $11 | 2.13% | 12.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 6 | 44.4657 | 280 | 1.06 | 18.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 9 | 37.4063 | 276 |  | 22.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 122 | 30.5561 | 3591 | 0.32 | (17.21) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 381 | 36.9083 | 14052 | 0.52 | 24.80 |
|  <u>M44</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 34217 | 21.5426 | 737123 | 3.04 | 15.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 41435 | 18.7312 | 776134 | 2.32 | 11.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 41231 | 16.7751 | 690516 | 3.56 | (2.11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 42330 | 17.1363 | 724243 | 2.40 | 0.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 42896 | 17.0079 | 729579 | 1.77 | 14.09 |
|  <u>M40</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 1604 | 20.9419 | 33580 | 2.74 | 14.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1619 | 18.2487 | 29536 | 2.13 | 11.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1544 | 16.3894 | 25276 | 3.40 | (2.33) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1473 | 16.7805 | 24690 | 2.25 | 0.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1403 | 16.7005 | 23434 | 1.59 | 13.82 |
|  <u>M83</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 224329 | 39.0741 | 8765478 | 1.70 | 13.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 297748 | 34.5749 | 10294626 | 1.65 | 11.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 342267 | 30.9777 | 10592921 | 1.56 | 7.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 400310 | 28.7012 | 11481798 | 1.46 | (5.91) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 378951 | 30.5032 | 11559259 | 1.32 | 25.45 |
|  <u>M08</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 30400 | 27.0767 | 823141 | 1.26 | 12.77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 63812 | 24.0114 | 1532229 | 1.48 | 11.35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 68547 | 21.5631 | 1471805 | 0.84 | 7.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 113122 | 20.0339 | 2257362 | 1.23 | (6.14) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 114651 | 21.3451 | 2447232 | 1.22 | 25.16 |
|  <u>MB6</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 |  | 45.9988 |  |  | (16.00) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 |  | 54.7633 |  | 1.47 | 29.53 |
|  <u>MB7</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 3827 | 90.8863 | 347828 | 0.76 | 15.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 4000 | 78.4736 | 313911 | 0.79 | 25.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 4174 | 62.6899 | 260995 | 1.01 | 28.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 4589 | 48.8993 | 223922 | 0.83 | (16.20) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 5566 | 58.3552 | 324785 | 0.90 | 29.18 |
|  <u>MC0</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 60074 | 22.9478 | 1378550 | 1.60 | 7.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 341240 | 21.3344 | 7280144 | 3.94 | 3.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 338927 | 20.7127 | 7016091 | 3.97 | 9.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 343815 | 18.9831 | 6519061 | 3.42 | (16.36) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 343416 | 22.6953 | 7793919 | 2.88 | (1.40) |
|  <u>MA0</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 3542 | 24.8103 | 87883 | 4.41 | 7.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 3556 | 23.1213 | 82213 | 3.69 | 2.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 4304 | 22.5132 | 94874 | 2.43 | 8.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 8946 | 20.6747 | 183368 | 3.11 | (16.62) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 9254 | 24.7965 | 229475 | 1.37 | (1.66) |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>MC1</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 4124 | $57.2462 | $236109 | 0.11% | 12.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 40619 | 51.0116 | 2072063 | 0.43 | 19.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 46359 | 42.5553 | 1970987 | 0.33 | 22.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 44895 | 34.6563 | 1552248 | 0.09 | (17.48) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 48208 | 41.9997 | 2024721 | 0.29 | 25.05 |
|  <u>MC3</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 22262 | 23.7157 | 527965 | 2.14 | 33.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 24944 | 17.7450 | 442633 | 2.42 | 11.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 25345 | 15.8990 | 402297 | 1.47 | 10.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 24165 | 14.3369 | 345993 | 3.99 | (19.72) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 25116 | 17.8581 | 448518 | 0.49 | (6.75) |
|  <u>MC6</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 14264 | 105.7249 | 1508079 | 0.35 | 7.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 13385 | 98.1849 | 1314184 | 0.35 | 11.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 12568 | 88.4026 | 1110016 | 0.15 | 20.99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 11241 | 73.0681 | 820578 | 0.19 | (19.11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 10220 | 90.3289 | 922992 | 0.09 | 18.52 |
|  <u>MC9</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 53362 | 58.7403 | 3134495 | 0.69 | 16.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 55903 | 50.6094 | 2829215 | 0.82 | 14.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 60729 | 44.0274 | 2671043 | 0.60 | 18.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 82152 | 37.0077 | 3036546 | 0.31 | (17.88) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 77427 | 45.0659 | 3489301 | 0.35 | 18.20 |
|  <u>M96</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 254027 | 27.4263 | 6966363 | 4.58 | 6.99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 306858 | 25.6344 | 7865494 | 3.74 | 0.77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 279711 | 25.4374 | 7112306 | 1.50 | 4.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 290955 | 24.4248 | 7091616 | 2.07 | (12.26) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 297912 | 27.8366 | 8292182 | 2.17 | (1.89) |
|  <u>MD2</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 |  | 18.9005 | 2 | 4.60 | 6.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 |  | 17.7246 | 2 | 3.74 | 0.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 |  | 17.6315 | 2 | 1.66 | 3.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 |  | 16.9769 | 2 | 2.13 | (12.45) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 |  | 19.3907 | 2 | 0.00 | (2.14) |
|  <u>MA6</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 195567 | 18.1146 | 3542625 | 6.88 | 8.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 174225 | 16.6732 | 2904892 | 6.13 | 6.92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 180305 | 15.5934 | 2810754 | 5.63 | 12.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 200707 | 13.8721 | 2782117 | 5.20 | (10.51) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 235735 | 15.5021 | 3654395 | 4.67 | 3.49 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>MA3</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 1253 | $41.3750 | $51831 | 6.36% | 8.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1585 | 38.1433 | 60440 | 6.18 | 6.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 2183 | 35.8059 | 77887 | 4.41 | 12.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 2631 | 31.8325 | 82929 | 6.10 | (10.78) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 5335 | 35.6791 | 190347 | 3.75 | 3.08 |
|  <u>M97</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 50824 | 39.4591 | 2005455 | 0.93 | 21.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 49475 | 32.5797 | 1611865 | 0.89 | 9.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 75469 | 29.8891 | 2253416 | 1.09 | 14.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 77344 | 26.0543 | 2013525 | 0.59 | (14.95) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 84168 | 30.6356 | 2578527 | 0.51 | 9.27 |
|  <u>MD5</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 39156 | 58.2435 | 2280598 | 0.74 | 20.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 39709 | 48.2117 | 1914414 | 0.95 | 8.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 6145 | 44.3280 | 270911 | 0.47 | 14.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 15009 | 38.7503 | 576403 | 0.41 | (15.18) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 42172 | 45.6864 | 1926696 | 0.39 | 8.99 |
|  <u>M98</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 132581 | 38.8338 | 5148620 | 1.54 | 33.26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 142510 | 29.1420 | 4153016 | 1.29 | 7.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 175650 | 27.1728 | 4768221 | 0.72 | 17.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 179760 | 23.0952 | 4146056 | 0.77 | (23.56) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 186800 | 30.2127 | 5643716 | 0.24 | 10.55 |
|  <u>MD6</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 593 | 71.3098 | 42261 | 0.27 | 9.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 574 | 64.8860 | 37240 | 0.36 | 16.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 564 | 55.8083 | 31457 | 0.33 | 24.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 927 | 45.0044 | 41650 | 0.10 | (19.26) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 925 | 55.7385 | 51575 | 0.25 | 25.97 |
|  <u>MB3</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 3898 | 85.9228 | 334917 | 0.02 | 9.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 4119 | 78.3931 | 322903 | 0.13 | 15.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 4215 | 67.5915 | 283111 | 0.02 | 23.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 11581 | 54.6394 | 630002 |  | (19.45) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 10690 | 67.8303 | 725106 | 0.03 | 25.66 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>ME2</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 60270 | $38.1818 | $2301219 | 1.53% | 22.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 88259 | 31.2833 | 2761035 | 1.60 | 3.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 93308 | 30.3452 | 2830259 | 1.09 | 13.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 96084 | 26.8508 | 2577188 | 0.02 | (0.18) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 97803 | 32.5775 | 3186174 | 0.84 | 11.57 |
|  <u>MA7</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 827 | 24.4017 | 20184 | 4.06 | 7.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 963 | 22.7863 | 21938 | 3.87 | 22.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1032 | 22.1412 | 22709 | 1.58 | 22.14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 2098 | 20.6225 | 43074 | 3.10 | (13.85) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1864 | 23.9371 | 44616 | 2.91 | 0.10 |
|  <u>MB8</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 56897 | 42.5995 to 77.3895 | 2471507 | 1.02 | 5.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 59755 | 40.2813 to 73.1779 | 2616081 | 0.98 | 4.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 56994 | 38.3814 to 69.7265 | 2356683 | 0.79 | 18.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 58478 | 32.2649 to 58.6148 | 2060110 | 0.74 | (18.37) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 65102 | 39.5276 to 71.8089 | 2896525 | 0.88 | 29.64 |
|  <u>MF6</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 97063 | 67.8773 | 6589782 | 1.73 | 3.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 89747 | 65.5652 | 5885630 | 2.08 | (2.69) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 92171 | 67.3771 | 6207386 | 0.86 | 11.46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 97188 | 60.4515 | 5871156 | 1.58 | (26.94) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 99763 | 82.7388 | 8255900 | 1.46 | 30.12 |
|  <u>MF2</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 171474 | 15.0942 | 2588140 | 1.25 | 5.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1114979 | 14.2628 | 15902635 | 3.87 | 5.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1095723 | 13.5453 | 14836619 | 1.57 | 6.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1144679 | 12.7689 | 14601658 | 1.98 | (4.14) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1174050 | 13.3198 | 15638023 | 2.22 | 0.16 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>MG3</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 72875 | $45.3251 | $3303540 | 1.03% | 5.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 82001 | 42.7686 | 3507503 | 1.26 | 13.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 85183 | 37.5996 | 3201345 | 1.69 | 12.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 97717 | 33.3549 | 3256524 | 0.97 | (8.79) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 102959 | 36.5674 | 3765341 | 0.81 | 30.99 |
|  <u>VMG</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 2412 | 100.9558 | 243477 | 0.44 | 12.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 2169 | 89.6748 | 194510 |  | 41.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1944 | 63.2269 | 122816 |  | 44.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 3075 | 43.8043 | 134595 |  | (62.96) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 2723 | 118.2712 | 321978 |  | (11.06) |
|  <u>NMC</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 584 | 90.8748 | 53049 |  | 5.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 599 | 86.1786 | 51578 |  | 24.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 620 | 69.4874 | 42866 |  | 18.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 633 | 58.8151 | 37121 |  | (28.73) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 650 | 82.5286 | 53653 |  | 12.99 |
|  <u>NSE</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 1022 | 23.9234 | 24438 |  | 13.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 995 | 21.0331 | 20934 | 0.23 | 25.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 988 | 16.7137 | 16462 | 0.36 | 26.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 943 | 13.1710 | 12391 | 0.44 | (18.45) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 913 | 16.1512 | 14739 | 0.39 | 23.48 |
|  <u>O01</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 36017 | 79.2775 | 2855488 |  | 12.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 39456 | 70.2841 | 2773237 |  | 34.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 41060 | 52.3875 | 2151038 |  | 35.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 43009 | 38.6980 | 1663801 |  | (30.78) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 43289 | 55.9078 | 2420255 |  | 22.57 |
|  <u>O00</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 2032 | 17.9524 | 36477 |  | 4.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 2092 | 17.1320 | 35838 |  | 24.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 9497 | 13.7903 | 130741 |  | 13.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 9477 | 12.1876 | 115333 |  | (30.98) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 9426 | 17.6584 | 166443 |  | 19.10 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
|  <u>OGS</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 55392 | $69.0913 | $3827209 | —% | 15.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 55605 | 59.9117 | 3331494 |  | 16.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 58663 | 51.6183 | 3021844 | 0.23 | 34.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 61663 | 38.3111 | 2357585 |  | (31.76) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 56582 | 56.1456 | 3176903 |  | 15.49 |
|  <u>OSC</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 27990 | 72.8885 | 2040095 | 0.41 | 8.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 34094 | 67.0549 | 2286142 |  | 12.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 33597 | 59.5068 | 1998037 | 1.19 | 18.13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 32174 | 50.3745 | 1618876 | 0.53 | (15.83) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 33552 | 59.8512 | 2008118 | 0.38 | 22.55 |
|  <u>P10</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 126288 | 11.7297 | 1481320 | 2.91 | 18.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 123832 | 9.8740 | 1222716 | 2.27 | 4.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 109642 | 9.4797 | 1037893 | 15.85 | (7.85) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 101120 | 10.2877 | 1038942 | 21.36 | 8.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 104903 | 9.4717 | 993606 | 4.36 | 33.34 |
|  <u>PK8</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 103541 | 26.1553 to 52.4092 | 2707241 | 6.90 | 14.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 113158 | 22.7482 to 45.5822 | 2573345 | 6.72 | 7.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 30810 | 21.1551 to 42.3899 | 650396 | 5.70 | 11.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 29286 | 19.0394 to 38.1506 | 556319 | 4.80 | (15.71) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 27996 | 22.5885 to 45.2622 | 631576 | 4.40 | (2.56) |
|  <u>P06</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 625115 | 24.6484 | 15408109 | 3.34 | 7.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 561630 | 22.8548 | 12835948 | 2.62 | 2.13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 643328 | 22.3777 | 14389981 | 2.97 | 3.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 685031 | 21.5854 | 14773264 | 6.81 | (11.90) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 542285 | 24.5021 | 13286585 | 4.97 | 5.59 |
|  <u>P07</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 1553828 | 24.8781 | 38629912 | 4.08 | 8.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 1682109 | 22.8472 | 38407267 | 4.03 | 2.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 1570795 | 22.2825 | 34949315 | 3.57 | 5.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 1508392 | 21.0347 | 31674146 | 2.59 | (14.30) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 1559476 | 24.5445 | 38250596 | 1.82 | (1.27) |
|  <u>SCP</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 30682 | 36.7095 | 1126397 | 1.51 | 8.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 42758 | 33.6995 | 1441014 | 1.21 | 3.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 43463 | 32.5899 | 1413994 | 0.88 | 25.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 44907 | 25.8803 | 1160580 | 0.42 | (9.20) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 49517 | 28.5010 | 1411345 | 1.48 | 28.82 |
|  <u>R03<sup>6</sup></u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 |  | 71.9076 |  |  | 53.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 486 | 46.9311 | 22799 |  | (34.14) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 492 | 71.2609 | 35078 |  | 25.54 |

---

------

##### [**Table of Contents**](#toc)
**DELAWARE LIFE VARIABLE ACCOUNT G** 

**(A Separate Account of Delaware Life Insurance Company)** 

**NOTES TO FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

**10. FINANCIAL HIGHLIGHTS (CONTINUED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | At December 31, | At December 31, | At December 31, | For the years ended December 31, | For the years ended December 31, |
|  | Units | Unit Value<br>lowest to highest<sup>3,4</sup> | Net<br>Assets | Investment<br>Income<br>Ratio<sup>1</sup> | Total Return<sup>2</sup> |
| <u>307</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 238654 | $85.9263 to $117.3822 | $23606551 | —% | 18.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 273098 | 72.3677 to 98.8601 | 22450933 |  | 35.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 324736 | 53.4032 to 72.9530 | 19580043 |  | 49.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 385765 | 35.7717 to 48.8670 | 15321767 |  | (38.50) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 394352 | 58.1673 to 79.4611 | 25702042 |  | 17.62 |
|  <u>REI</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 37447 | 71.1693 | 2666100 | 1.64 | 14.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 39257 | 62.2318 | 2443934 | 1.74 | 11.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 51761 | 55.7130 | 2881183 | 2.09 | 9.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 53695 | 50.8606 | 2726734 | 1.88 | (3.34) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 54742 | 52.6191 | 2881237 | 1.57 | 25.55 |
|  <u>RNA</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 599 | 121.4087 | 72682 |  | 16.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 616 | 104.3903 | 64270 | 0.08 | 25.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 641 | 83.4063 | 53221 | 0.25 | 28.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 658 | 64.6744 | 42370 |  | (21.51) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 678 | 82.3982 | 55827 |  | 20.80 |
|  <u>W42</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 809 | 42.9083 | 34733 |  | 4.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 846 | 41.0733 | 34742 |  | 14.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 885 | 35.9728 | 31738 |  | 21.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 925 | 29.5501 | 27136 |  | (33.46) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 3183 | 44.4113 | 141369 | 0.79 | 8.90 |

---

<sup>1</sup> These amounts represent the dividends, excluding distributions of capital gains, received by the Sub-Account from the underlying mutual fund, net of management fees assessed by the fund manager, divided by the average net assets. The recognition of investment income by the Sub-Account is affected by the timing of the declaration of dividends by the underlying fund in which the Sub-Account invests. 

<sup>2</sup> Ratio represents the total return for the year indicated and reflects the changes in value of the underlying mutual fund. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in reduction in the total return presented. The total return calculated for the year indicated or from the effective date through the end of the reporting period. 

<sup>3</sup> These unit values are not a direct calculation of net assets over the number of units allocated to the Sub-Account.

<sup>4</sup> Due to the timing difference of the launch date of certain VUL products, some Sub-Accounts may have multiple unit values even though these products have no expense charges that result in a direct reduction to unit values.

<sup>5</sup> Sub-Account AM2 was closed on April 15, 2024 and it's remaining assets were transferred into Sub-Account MD8.

<sup>6</sup> Sub-Account R03 is active but has had zero balance since 2023.