# EDGAR Filing Document

**Accession Number:** 0000810016
**File Stem:** 0000940400-26-008412
**Filing Date:** 2026-2
**Character Count:** 9303
**Document Hash:** a199cfa5a2a85cdab0dd6c7c2f451713
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008412.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008412

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ivy Variable Insurance Portfolios
- **CENTRAL INDEX KEY:** 0000810016

**ORGANIZATION NAME:**
- **EIN:** 481146010
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05017
- **FILM NUMBER:** 26684164

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** (800) 523-1918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ivy Funds Variable Insurance Portfolios
- **DATE OF NAME CHANGE:** 20100301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ivy Funds Variable Insurance Portfolios, Inc.
- **DATE OF NAME CHANGE:** 20080819

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** W&R TARGET FUNDS INC
- **DATE OF NAME CHANGE:** 20001026

## Series and Classes Contracts Data

### Nomura VIP Pathfinder Moderately Aggressive Series (Series ID: S000020589)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000057544 | Service      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Ivy Variable Insurance Portfolios

- **b. Investment Company Act file number:** 811-05017

- **c. CIK number of Registrant:** 0000810016

- **d. LEI of Registrant:** 72XHPUAYSOH6ROSGJT53

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 215-255-1200

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nomura VIP Pathfinder Moderately Aggressive Series

- **b. EDGAR series identifier (if any):** S000020589

- **c. LEI of Series:** 5493001BXIDWVAAJIF49

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $430874955.27

**Total Liabilities:** $87461.94

**Net Assets:** $430787493.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000057544 | 0.44%                | 0.65%                | 0.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $978890.87               | $1362197.40                                |
| Month 2  | $-3448931.98             | $5971150.95                                |
| Month 3  | $-820935.97              | $4561367.80                                |

### Schedule of Portfolio Investments

| Name                                           | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nomura VIP Smid Cap Core Series                | Nomura VIP Smid Cap Core Series                | CUSIP: 000000000<br>LEI: ZRJY0CYFDPH4SGPRYA91 | Long             | EC               | RF                | US        |   1130769 | NS      | $15310618.76  | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    270583 | NS      | $270583.03    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |    270583 | NS      | $270583.46    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Growth and Income Series            | Nomura VIP Growth and Income Series            | CUSIP: 000000000<br>LEI: 5493001WPRSYIVK9CR96 | Long             | EC               | RF                | US        |   1484539 | NS      | $56709401.99  | 13.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP International Core Equity Series    | Nomura VIP International Core Equity Series    | CUSIP: 000000000<br>LEI: KUNXJZNR9Y2ZBTGW9Z22 | Long             | EC               | RF                | US        |   5103371 | NS      | $98750226.88  | 22.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Value Series                        | Nomura VIP Value Series                        | CUSIP: 46600H760<br>LEI: AWONQDLF30HQ3RDWG969 | Long             | EC               | RF                | US        |   3029049 | NS      | $13418688.00  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    270583 | NS      | $270583.34    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Core Equity Series                  | Nomura VIP Core Equity Series                  | CUSIP: 46600H406<br>LEI: 1O0KE92B2QJ305IPCS48 | Long             | EC               | RF                | US        |   6705602 | NS      | $93744315.60  | 21.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Corporate Bond Series               | Nomura VIP Corporate Bond Series               | CUSIP: 46600H307<br>LEI: 80M6N2TK2SP4KMW7RP03 | Long             | EC               | RF                | US        |  14130621 | NS      | $66272612.82  | 15.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Science and Technology Series       | Nomura VIP Science and Technology Series       | CUSIP: 46600H588<br>LEI: RNYLYVW3SXLUIGIWEY29 | Long             | EC               | RF                | US        |    750702 | NS      | $25193559.12  | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP Limited-Term Bond Series            | Nomura VIP Limited-Term Bond Series            | CUSIP: 46600H687<br>LEI: 549300IQNBLPUI8O5C25 | Long             | EC               | RF                | US        |   3412566 | NS      | $16073186.14  | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura VIP High Income Series                  | Nomura VIP High Income Series                  | CUSIP: 46600H620<br>LEI: N/A                  | Long             | EC               | RF                | US        |    736859 | NS      | $2166365.19   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Focused International Core ETF          | Nomura Focused International Core ETF          | CUSIP: 555927607<br>LEI: 254900QDNMJZ954GCT23 | Long             | EC               | RF                | US        |    382444 | NS      | $9943391.02   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Focused Large Growth ETF                | Nomura Focused Large Growth ETF                | CUSIP: 555927409<br>LEI: 254900MZL9N2UVO5W196 | Long             | EC               | RF                | US        |   1088065 | NS      | $32206724.00  | 7.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    270583 | NS      | $270583.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Ivy Variable Insurance Portfolio

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

**Title:** Division Director - Head of US Fund Administration