# EDGAR Filing Document

**Accession Number:** 0000880876
**File Stem:** 0001164098-26-000778
**Filing Date:** 2026-4
**Character Count:** 184962
**Document Hash:** eda37b94cb54697cf608424462456014
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001164098-26-000778.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001164098-26-000778

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**EFFECTIVENESS DATE**: 20260424

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ML OF NEW YORK VARIABLE ANNUITY SEPARATE ACCOUNT A
- **CENTRAL INDEX KEY:** 0000880876

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06466
- **FILM NUMBER:** 26895809

**BUSINESS ADDRESS:**
- **STREET 1:** 440 MAMARONECK AVENUE
- **CITY:** HARRISON
- **STATE:** NY
- **ZIP:** 10528
- **BUSINESS PHONE:** 319-355-8366

**MAIL ADDRESS:**
- **STREET 1:** 6400 C STREET SW
- **CITY:** CEDAR RAPIDS
- **STATE:** IA
- **ZIP:** 52499

## Series and Classes Contracts Data

### ML OF NEW YORK VARIABLE ANNUITY SEPARATE ACCOUNT A (Series ID: S000010601)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000145838 | Merrill Lynch Retirement Power                          |  |
| C000145840 | Merrill Lynch Retirement Optimizer                      |  |
| C000145844 | Merrill Lynch Retirement Plus                           |  |
| C000145854 | Merrill Lynch Investor Choice Annuity (Investor Series) |  |

**FINANCIAL STATEMENTS** 

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Years Ended December 31, 2025 and 2024** 

---

| |
|:---|
| **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** |
| **Financial Statements** |
| **Years Ended December 31, 2025 and 2024** |

---

---

| | |
|:---|:---|
| [Report of Independent Registered Public Accounting Firm](#tocAnchor0) | 3 |
| [Statement of Assets and Liabilities](#tocAnchor1) | 4 |
| [Statements of Assets and Liabilities](#tocAnchor2) | 6 |
| [Notes to Financial Statements](#tocAnchor3) | 21 |

---

![](ey_logo.gif)

### Report of Independent Registered Public Accounting Firm
To the Board of Directors of Transamerica Financial Life Insurance Company and

Contract Owners of ML of New York Variable Annuity Separate Account A

#### Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of each of the subaccounts listed in the table below that comprise ML of New York Variable Annuity Separate Account A (the Separate Account), as of December 31, 2025, the related statements of operations and changes in net assets for each of the periods indicated in the table below, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each subaccount as of December 31, 2025, the results of its operations and changes in its net assets for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

---

| | |
|:---|:---|
| Subaccounts | Subaccounts |
| &nbsp;&nbsp; AB Discovery Value Class A Shares (1) | &nbsp;&nbsp; Franklin Templeton Growth Class 2 Shares (1) |
| &nbsp;&nbsp; AB International Value Class A Shares (1) | &nbsp;&nbsp; Invesco V.I. American Franchise Series I Shares (1) |
| &nbsp;&nbsp; AB Large Cap Growth Class A Shares (1) | &nbsp;&nbsp; Invesco V.I. American Value Series I Shares (1) |
| &nbsp;&nbsp; AB Relative Value Class A Shares (1) | &nbsp;&nbsp; Invesco V.I. Comstock Series I Shares (1) |
| &nbsp;&nbsp; AB Sustainable Global Thematic Growth Class A Shares (1) | &nbsp;&nbsp; Invesco V.I. EQV International Equity Series I Shares (1) |
| &nbsp;&nbsp; American Funds - Asset Allocation Class 2 Shares (1) | &nbsp;&nbsp; Invesco V.I. Main Street Series II Shares (1) |
| &nbsp;&nbsp; American Funds - Growth Class 2 Shares (1) | &nbsp;&nbsp; Invesco V.I. Main Street Mid Cap Series I Shares (1) |
| &nbsp;&nbsp; American Funds - Growth-Income Class 2 Shares (1) | &nbsp;&nbsp; Janus Henderson - Enterprise Service Shares (1) |
| &nbsp;&nbsp; American Funds - International Class 2 Shares (1) | &nbsp;&nbsp; Janus Henderson - Forty Service Shares (1) |
| &nbsp;&nbsp; American Funds - The Bond Fund of America Class 2 Shares (1) | &nbsp;&nbsp; LVIP American Century Ultra Standard Class II Shares (2) |
| &nbsp;&nbsp; BlackRock Advantage Large Cap Core V.I. Class I Shares (1) | &nbsp;&nbsp; MFS® Growth Initial Class (1) |
| &nbsp;&nbsp; BlackRock Advantage Large Cap Value V.I. Class I Shares (1) | &nbsp;&nbsp; PIMCO CommodityRealReturn® Strategy Administrative Class (1) |
| &nbsp;&nbsp; BlackRock Advantage SMID Cap V.I. Class I Shares (1) | &nbsp;&nbsp; PIMCO Low Duration Administrative Class (1) |
| &nbsp;&nbsp; BlackRock Basic Value V.I. Class I Shares (1) | &nbsp;&nbsp; PIMCO Real Return Administrative Class (1) |
| &nbsp;&nbsp; BlackRock Equity Dividend V.I. Class I Shares (1) | &nbsp;&nbsp; PIMCO Total Return Administrative Class (1) |
| &nbsp;&nbsp; BlackRock Global Allocation V.I. Class I Shares (1) | &nbsp;&nbsp; TA Aegon Sustainable Equity Income Service Class (1) |
| &nbsp;&nbsp; BlackRock Government Money Market V.I. Class I Shares (1) | &nbsp;&nbsp; TA BlackRock iShares Edge 40 Service Class (1) |
| &nbsp;&nbsp; BlackRock High Yield V.I. Class I Shares (1) | &nbsp;&nbsp; TA International Focus Initial Class (1) |
| &nbsp;&nbsp; BlackRock International V.I. Class I Shares (1) | &nbsp;&nbsp; TA Janus Balanced Service Class (1) |
| &nbsp;&nbsp; BlackRock Large Cap Focus Growth V.I. Class I Shares (1) | &nbsp;&nbsp; TA Janus Mid-Cap Growth Service Class (1) |
| &nbsp;&nbsp; BlackRock Managed Volatility V.I. Class I Shares (1) | &nbsp;&nbsp; TA JPMorgan Enhanced Index Initial Class (1) |
| &nbsp;&nbsp; BlackRock S&P 500 Index V.I. Class I Shares (1) | &nbsp;&nbsp; TA Morgan Stanley Global Allocation Service Class (1) |
| &nbsp;&nbsp; BlackRock Total Return V.I. Class I Shares (1) | &nbsp;&nbsp; TA Multi-Managed Balanced Service Class (1) |
| &nbsp;&nbsp; Columbia - Acorn (1) | &nbsp;&nbsp; TA Small/Mid Cap Value Service Class (1) |
| &nbsp;&nbsp; Columbia - Acorn International (1) | &nbsp;&nbsp; TA T. Rowe Price Small Cap Initial Class (1) |
| &nbsp;&nbsp; Davis Equity (1) | &nbsp;&nbsp; TA TSW International Equity Service Class (1) |
| &nbsp;&nbsp; Eaton Vance VT Floating-Rate Income (1) | &nbsp;&nbsp; TA WMC US Growth Initial Class (1) |
| &nbsp;&nbsp; Federated Hermes Kaufmann II Primary Shares (1) | &nbsp;&nbsp; TA WMC US Growth Service Class (1) |
| &nbsp;&nbsp; Federated Hermes Managed Volatility II Primary Shares (1) | &nbsp;&nbsp; Victory Pioneer High Yield VCT Class II Shares (1)<br>|
| &nbsp;&nbsp; Franklin Templeton Foreign Class 2 Shares (1) |  |
| &nbsp;&nbsp; (1) Statements of operations and changes in net assets for the years ended December 31, 2025 and 2024<br> (2) Statements of operations and changes in net assets for the period April 26, 2024 (commencement of operations) through December 31, 2025 | &nbsp;&nbsp; (1) Statements of operations and changes in net assets for the years ended December 31, 2025 and 2024<br> (2) Statements of operations and changes in net assets for the period April 26, 2024 (commencement of operations) through December 31, 2025 |

---

#### Basis for Opinion
These financial statements are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on each of the subaccounts' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the fund companies or their transfer agents, as applicable. 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/ Ernst & Young LLP

We have served as the auditor of the Separate Account since 2024.

Chicago, IL

April 24, 2026

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Number of Shares** | **Cost** | **Assets at Market Value** | **Due (to)/from General Account** | **Net Assets** | **Units Outstanding** | **Range of Unit Values** | **Range of Unit Values** |
| AB Discovery Value Class A Shares | 12474.539 | $220224 | $206953 | $23 | $206976 | 4892 | $40.222549 | $43.785180 |
| AB International Value Class A Shares | 1071.377 | 14701 | 22413 |  | 22413 | 1952 | 10.649031 | 11.481461 |
| AB Large Cap Growth Class A Shares | 95879.143 | 6287434 | 8873615 | (8) | 8873607 | 77670 | 41.988038 | 119.732077 |
| AB Relative Value Class A Shares | 17372.494 | 484155 | 551403 | (1) | 551402 | 12204 | 44.929844 | 46.261936 |
| AB Sustainable Global Thematic Growth Class A Shares | 114613.396 | 3542851 | 3762758 | 12 | 3762770 | 183643 | 20.489640 | 20.489640 |
| American Funds - Asset Allocation Class 2 Shares | 20861.849 | 463340 | 564313 | (12) | 564301 | 15158 | 37.228755 | 40.526357 |
| American Funds - Growth Class 2 Shares | 16833.784 | 1397518 | 2336529 | 2 | 2336531 | 25026 | 89.464955 | 97.388488 |
| American Funds - Growth-Income Class 2 Shares | 11808.724 | 604556 | 782682 |  | 782682 | 13663 | 54.664865 | 59.506997 |
| American Funds - International Class 2 Shares | 75615.218 | 1196677 | 1680170 | (5) | 1680165 | 60270 | 26.724722 | 29.092417 |
| American Funds - The Bond Fund of America Class 2 Shares | 29717.578 | 282144 | 278454 |  | 278454 | 21716 | 12.388600 | 13.486099 |
| BlackRock Advantage Large Cap Core V.I. Class I Shares | 714211.185 | 15325423 | 17362474 | 19 | 17362493 | 120788 | 61.187497 | 166.738839 |
| BlackRock Advantage Large Cap Value V.I. Class I Shares | 358443.789 | 3530329 | 3742153 | 20 | 3742173 | 72059 | 42.255892 | 53.806049 |
| BlackRock Advantage SMID Cap V.I. Class I Shares | 376617.833 | 8455191 | 9181943 | 3 | 9181946 | 66971 | 42.526881 | 146.142100 |
| BlackRock Basic Value V.I. Class I Shares | 994567.866 | 13248552 | 13834439 | (8) | 13834431 | 122339 | 40.770415 | 132.812234 |
| BlackRock Equity Dividend V.I. Class I Shares | 80991.347 | 902030 | 931400 | 1 | 931401 | 8209 | 113.456061 | 113.456061 |
| BlackRock Global Allocation V.I. Class I Shares | 849967.867 | 14573388 | 14993433 | (17) | 14993416 | 242866 | 32.137519 | 69.733264 |
| BlackRock Government Money Market V.I. Class I Shares | 6983589.431 | 6983589 | 6983589 | (87) | 6983502 | 504853 | 9.951807 | 14.443329 |
| BlackRock High Yield V.I. Class I Shares | 451596.616 | 3115585 | 3179240 | 17459 | 3196699 | 74759 | 25.612073 | 56.569878 |
| BlackRock International V.I. Class I Shares | 296099.731 | 3295300 | 3393303 | (1) | 3393302 | 121279 | 21.485533 | 29.222257 |
| BlackRock Large Cap Focus Growth V.I. Class I Shares | 254312.819 | 4786438 | 5574537 | 16 | 5574553 | 83240 | 66.562994 | 80.637123 |
| BlackRock Managed Volatility V.I. Class I Shares | 59304.475 | 811340 | 912696 |  | 912696 | 27555 | 33.122333 | 33.122333 |
| BlackRock S&P 500 Index V.I. Class I Shares | 772682.927 | 20452020 | 29817834 | (17) | 29817817 | 337624 | 45.363716 | 98.593490 |
| BlackRock Total Return V.I. Class I Shares | 458746.088 | 4982678 | 4697560 | 21741 | 4719301 | 224577 | 13.454297 | 27.556913 |
| Columbia - Acorn | 26279.394 | 308381 | 417842 | (7) | 417835 | 10049 | 39.987997 | 43.531444 |
| Columbia - Acorn International | 38981.201 | 705753 | 796776 | 6 | 796782 | 48758 | 15.761870 | 16.993847 |
| Davis Equity | 706121.498 | 4542599 | 4427382 |  | 4427382 | 93357 | 42.074406 | 53.392754 |
| Eaton Vance VT Floating-Rate Income | 75483.388 | 647582 | 631796 | (80) | 631716 | 38298 | 16.292566 | 17.736226 |
| Federated Hermes Kaufmann II Primary Shares | 44186.891 | 795871 | 861644 | (4) | 861640 | 17429 | 46.776121 | 51.581374 |
| Federated Hermes Managed Volatility II Primary Shares | 5207.528 | 51853 | 54158 | (1) | 54157 | 3894 | 13.625759 | 14.033942 |
| Franklin Templeton Foreign Class 2 Shares | 7714.730 | 95609 | 125133 |  | 125133 | 5621 | 21.114731 | 22.986020 |
| Franklin Templeton Growth Class 2 Shares | 3771.034 | 39447 | 53360 |  | 53360 | 2253 | 23.339321 | 25.407019 |
| Invesco V.I. American Franchise Series I Shares | 14837.453 | 912370 | 1201834 | 5 | 1201839 | 23650 | 29.431710 | 60.701851 |
| Invesco V.I. American Value Series I Shares |  |  |  |  |  |  | 17.434161 | 17.763402 |
| Invesco V.I. Comstock Series I Shares | 179187.310 | 3359475 | 3838192 |  | 3838192 | 79352 | 44.541901 | 49.165652 |
| Invesco V.I. EQV International Equity Series I Shares | 14169.553 | 484996 | 511663 | (2) | 511661 | 25776 | 19.078780 | 34.408453 |
| Invesco V.I. Main Street Series II Shares |  |  |  |  |  |  | 49.678188 | 54.078558 |
| Invesco V.I. Main Street Mid Cap Series I Shares | 7420.388 | 71907 | 81698 | 1 | 81699 | 2300 | 34.807520 | 37.891074 |
| Janus Henderson - Enterprise Service Shares | 761.550 | 46956 | 55860 | (72) | 55788 | 1045 | 51.374749 | 55.389976 |
| Janus Henderson - Forty Service Shares | 5318.726 | 183122 | 275882 | (38) | 275844 | 3836 | 70.666926 | 76.189178 |
| LVIP American Century Ultra Standard Class II Shares | 11620.612 | 304154 | 366003 |  | 366003 | 27313 | 13.334676 | 13.424834 |
| MFS® Growth Initial Class | 86454.694 | 5542160 | 5865951 | (2) | 5865949 | 65394 | 37.947581 | 113.558762 |
| PIMCO CommodityRealReturn® Strategy Administrative Class | 54367.090 | 313202 | 341969 | 2 | 341971 | 35866 | 9.182483 | 9.996315 |
| PIMCO Low Duration Administrative Class | 124458.909 | $1196716 | $1217208 | $(177) | $1217031 | 98335 | $11.965915 | $12.900984 |

---

*See accompanying notes.*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Number of Shares** | **Cost** | **Assets at Market Value** | **Due (to)/from General Account** | **Net Assets** | **Units Outstanding** | **Range of Unit Values** | **Range of Unit Values** |
| PIMCO Real Return Administrative Class | 84712.363 | 1020158 | 1017395 | (139) | 1017256 | 65823 | 14.861944 | 16.178748 |
| PIMCO Total Return Administrative Class | 702996.303 | 6985890 | 6643315 | (465) | 6642850 | 366528 | 15.719616 | 20.659649 |
| TA Aegon Sustainable Equity Income Service Class | 67666.643 | 1196208 | 1537386 |  | 1537386 | 83049 | 18.135143 | 19.019668 |
| TA BlackRock iShares Edge 40 Service Class |  |  |  |  |  |  | 13.887531 | 14.912849 |
| TA International Focus Initial Class | 135472.447 | 1149644 | 1035009 | (4) | 1035005 | 81748 | 12.660933 | 12.660933 |
| TA Janus Balanced Service Class | 8392.614 | 135454 | 143849 |  | 143849 | 7269 | 19.445695 | 20.140159 |
| TA Janus Mid-Cap Growth Service Class | 29006.333 | 862888 | 813338 | 44 | 813382 | 24999 | 31.778597 | 33.609227 |
| TA JPMorgan Enhanced Index Initial Class | 373584.877 | 9863924 | 10919886 | 27 | 10919913 | 385065 | 27.738935 | 28.684177 |
| TA Morgan Stanley Global Allocation Service Class |  |  |  |  |  |  | 15.555062 | 15.609588 |
| TA Multi-Managed Balanced Service Class |  |  |  |  |  |  | 19.138026 | 19.821506 |
| TA Small/Mid Cap Value Service Class | 67532.038 | 1307856 | 1238538 | 1 | 1238539 | 36274 | 33.282159 | 35.739580 |
| TA T. Rowe Price Small Cap Initial Class | 60130.846 | 746653 | 698720 | (1) | 698719 | 35993 | 19.378726 | 20.106369 |
| TA TSW International Equity Service Class | 7623.961 | 107390 | 134182 |  | 134182 | 8622 | 15.321934 | 15.844218 |
| TA WMC US Growth Initial Class | 771.368 | 24849 | 32289 | 1 | 32290 | 579 | 53.794248 | 57.838443 |
| TA WMC US Growth Service Class | 34978.557 | 1127100 | 1358217 | (27) | 1358190 | 24559 | 53.515056 | 57.465430 |
| Victory Pioneer High Yield VCT Class II Shares | 5957.605 | 47924 | 50997 | 4 | 51001 | 2333 | 20.740682 | 22.578106 |

---

*See accompanying notes.*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | AB Discovery Value Class A Shares | AB International Value Class A Shares | AB Large Cap Growth Class A Shares | AB Relative Value Class A Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$228431** | **$16346** | **$7993533** | **$516977** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 1995 | 446 | 4771 | 7866 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 3199 | 205 | 121546 | 8588 |
| Net Investment Income (Loss) | (1204) | 241 | (116775) | (722) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 11357 |  | 353514 | 18686 |
| Realized Gain (Loss) on Investments | (1839) | 232 | 343918 | 3564 |
| Net Realized Capital Gains (Losses) on Investments | 9518 | 232 | 697432 | 22250 |
| Net Change in Unrealized Appreciation (Depreciation) | 10375 | 101 | 1252035 | 36960 |
| Net Gain (Loss) on Investment | 19893 | 333 | 1949467 | 59210 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 18689 | 574 | 1832692 | 58488 |
| Increase (Decrease) in Net Assets from Contract Transactions | (25146) | 581 | (681335) | (52301) |
| Total Increase (Decrease) in Net Assets | (6457) | 1155 | 1151357 | 6187 |
| **Net Assets as of December 31, 2024:** | **$221974** | **$17501** | **$9144890** | **$523164** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 1811 | 507 |  | 5838 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 3017 | 249 | 122674 | 8351 |
| Net Investment Income (Loss) | (1206) | 258 | (122674) | (2513) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 23435 |  | 783031 | 42539 |
| Realized Gain (Loss) on Investments | (4124) | 432 | 678521 | 3506 |
| Net Realized Capital Gains (Losses) on Investments | 19311 | 432 | 1461552 | 46045 |
| Net Change in Unrealized Appreciation (Depreciation) | (13904) | 5877 | (346186) | 1213 |
| Net Gain (Loss) on Investment | 5407 | 6309 | 1115366 | 47258 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 4201 | 6567 | 992692 | 44745 |
| Increase (Decrease) in Net Assets from Contract Transactions | (19199) | (1655) | (1263975) | (16507) |
| Total Increase (Decrease) in Net Assets | (14998) | 4912 | (271283) | 28238 |
| **Net Assets as of December 31, 2025:** | **$206976** | **$22413** | **$8873607** | **$551402** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | AB Sustainable Global Thematic Growth Class A Shares | American Funds - Asset Allocation Class 2 Shares | American Funds - Growth Class 2 Shares | American Funds - Growth-Income Class 2 Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$3436012** | **$486633** | **$2109692** | **$584373** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 11358 | 7523 | 7402 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 49242 | 9344 | 36293 | 10412 |
| Net Investment Income (Loss) | (49242) | 2014 | (28770) | (3010) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 10349 | 22428 | 53372 | 29325 |
| Realized Gain (Loss) on Investments | 30829 | 4064 | 109069 | 4172 |
| Net Realized Capital Gains (Losses) on Investments | 41178 | 26492 | 162441 | 33497 |
| Net Change in Unrealized Appreciation (Depreciation) | 172334 | 40566 | 441069 | 99341 |
| Net Gain (Loss) on Investment | 213512 | 67058 | 603510 | 132838 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 164270 | 69072 | 574740 | 129828 |
| Increase (Decrease) in Net Assets from Contract Transactions | (7694) | (21648) | (314629) | (5950) |
| Total Increase (Decrease) in Net Assets | 156576 | 47424 | 260111 | 123878 |
| **Net Assets as of December 31, 2024:** | **$3592588** | **$534057** | **$2369803** | **$708251** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 10910 | 3773 | 6737 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 49454 | 9714 | 38555 | 11486 |
| Net Investment Income (Loss) | (49454) | 1196 | (34782) | (4749) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 454999 | 37658 | 192804 | 119873 |
| Realized Gain (Loss) on Investments | 818016 | 7796 | 222505 | 12195 |
| Net Realized Capital Gains (Losses) on Investments | 1273015 | 45454 | 415309 | 132068 |
| Net Change in Unrealized Appreciation (Depreciation) | (893464) | 22852 | 36368 | (18227) |
| Net Gain (Loss) on Investment | 379551 | 68306 | 451677 | 113841 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 330097 | 69502 | 416895 | 109092 |
| Increase (Decrease) in Net Assets from Contract Transactions | (159915) | (39258) | (450167) | (34661) |
| Total Increase (Decrease) in Net Assets | 170182 | 30244 | (33272) | 74431 |
| **Net Assets as of December 31, 2025:** | **$3762770** | **$564301** | **$2336531** | **$782682** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | American Funds - International Class 2 Shares | American Funds - The Bond Fund of America Class 2 Shares | BlackRock Advantage Large Cap Core V.I. Class I Shares | BlackRock Advantage Large Cap Value V.I. Class I Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$2052765** | **$247728** | **$14631788** | **$3607894** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 23881 | 10994 | 114403 | 50399 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 33472 | 4293 | 221014 | 50174 |
| Net Investment Income (Loss) | (9591) | 6701 | (106611) | 225 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 1625924 | 453564 |
| Realized Gain (Loss) on Investments | 42663 | (311) | 172295 | 75094 |
| Net Realized Capital Gains (Losses) on Investments | 42663 | (311) | 1798219 | 528658 |
| Net Change in Unrealized Appreciation (Depreciation) | 3780 | (7270) | 1687968 | 594 |
| Net Gain (Loss) on Investment | 46443 | (7581) | 3486187 | 529252 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 36852 | (880) | 3379576 | 529477 |
| Increase (Decrease) in Net Assets from Contract Transactions | (84429) | 17933 | (1806147) | (887742) |
| Total Increase (Decrease) in Net Assets | (47577) | 17053 | 1573429 | (358265) |
| **Net Assets as of December 31, 2024:** | **$2005188** | **$264781** | **$16205217** | **$3249629** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 22168 | 11461 | 85662 | 46121 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 29818 | 4391 | 224395 | 48284 |
| Net Investment Income (Loss) | (7650) | 7070 | (138733) | (2163) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 2008760 | 330921 |
| Realized Gain (Loss) on Investments | 172716 | (1567) | (426765) | 80418 |
| Net Realized Capital Gains (Losses) on Investments | 172716 | (1567) | 1581995 | 411339 |
| Net Change in Unrealized Appreciation (Depreciation) | 241296 | 8683 | 1349745 | 140895 |
| Net Gain (Loss) on Investment | 414012 | 7116 | 2931740 | 552234 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 406362 | 14186 | 2793007 | 550071 |
| Increase (Decrease) in Net Assets from Contract Transactions | (731385) | (513) | (1635731) | (57527) |
| Total Increase (Decrease) in Net Assets | (325023) | 13673 | 1157276 | 492544 |
| **Net Assets as of December 31, 2025:** | **$1680165** | **$278454** | **$17362493** | **$3742173** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | BlackRock Advantage SMID Cap V.I. Class I Shares | BlackRock Basic Value V.I. Class I Shares | BlackRock Equity Dividend V.I. Class I Shares | BlackRock Global Allocation V.I. Class I Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$9983316** | **$12725271** | **$1006491** | **$15390734** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 73992 | 265374 | 27337 | 196426 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 136588 | 181852 | 14565 | 209148 |
| Net Investment Income (Loss) | (62596) | 83522 | 12772 | (12722) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 953821 | 81198 | 920896 |
| Realized Gain (Loss) on Investments | (334459) | 83057 | 669 | 154314 |
| Net Realized Capital Gains (Losses) on Investments | (334459) | 1036878 | 81867 | 1075210 |
| Net Change in Unrealized Appreciation (Depreciation) | 1410368 | 5281 | (8622) | 77437 |
| Net Gain (Loss) on Investment | 1075909 | 1042159 | 73245 | 1152647 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 1013313 | 1125681 | 86017 | 1139925 |
| Increase (Decrease) in Net Assets from Contract Transactions | (1370162) | (1009741) | (20833) | (1907840) |
| Total Increase (Decrease) in Net Assets | (356849) | 115940 | 65184 | (767915) |
| **Net Assets as of December 31, 2024:** | **$9626467** | **$12841211** | **$1071675** | **$14622819** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 73048 | 268462 | 20024 | 488849 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 121934 | 182219 | 12551 | 197032 |
| Net Investment Income (Loss) | (48886) | 86243 | 7473 | 291817 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 561955 | 1625178 | 76958 | 1125624 |
| Realized Gain (Loss) on Investments | (37997) | 37575 | 2298 | 267706 |
| Net Realized Capital Gains (Losses) on Investments | 523958 | 1662753 | 79256 | 1393330 |
| Net Change in Unrealized Appreciation (Depreciation) | 304458 | 975027 | 81406 | 704353 |
| Net Gain (Loss) on Investment | 828416 | 2637780 | 160662 | 2097683 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 779530 | 2724023 | 168135 | 2389500 |
| Increase (Decrease) in Net Assets from Contract Transactions | (1224051) | (1730803) | (308409) | (2018903) |
| Total Increase (Decrease) in Net Assets | (444521) | 993220 | (140274) | 370597 |
| **Net Assets as of December 31, 2025:** | **$9181946** | **$13834431** | **$931401** | **$14993416** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | BlackRock Government Money Market V.I. Class I Shares | BlackRock High Yield V.I. Class I Shares | BlackRock International V.I. Class I Shares | BlackRock Large Cap Focus Growth V.I. Class I Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$7301207** | **$3857861** | **$3968249** | **$4897202** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 373717 | 251410 | 20914 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 105405 | 51037 | 53844 | 74069 |
| Net Investment Income (Loss) | 268312 | 200373 | (32930) | (74069) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  | 442137 |
| Realized Gain (Loss) on Investments |  | (33121) | (252) | 316149 |
| Net Realized Capital Gains (Losses) on Investments |  | (33121) | (252) | 758286 |
| Net Change in Unrealized Appreciation (Depreciation) |  | 70476 | 2003 | 711035 |
| Net Gain (Loss) on Investment |  | 37355 | 1751 | 1469321 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 268312 | 237728 | (31179) | 1395252 |
| Increase (Decrease) in Net Assets from Contract Transactions | 440411 | (721095) | (410371) | (484234) |
| Total Increase (Decrease) in Net Assets | 708723 | (483367) | (441550) | 911018 |
| **Net Assets as of December 31, 2024:** | **$8009930** | **$3374494** | **$3526699** | **$5808220** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 323228 | 221099 | 50573 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 110935 | 45940 | 48282 | 74961 |
| Net Investment Income (Loss) | 212293 | 175159 | 2291 | (74961) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 6886 |  | 880767 |
| Realized Gain (Loss) on Investments |  | (21097) | 54827 | 351884 |
| Net Realized Capital Gains (Losses) on Investments |  | (14211) | 54827 | 1232651 |
| Net Change in Unrealized Appreciation (Depreciation) |  | 83167 | 393891 | (623916) |
| Net Gain (Loss) on Investment |  | 68956 | 448718 | 608735 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 212293 | 244115 | 451009 | 533774 |
| Increase (Decrease) in Net Assets from Contract Transactions | (1238721) | (421910) | (584406) | (767441) |
| Total Increase (Decrease) in Net Assets | (1026428) | (177795) | (133397) | (233667) |
| **Net Assets as of December 31, 2025:** | **$6983502** | **$3196699** | **$3393302** | **$5574553** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | BlackRock Managed Volatility V.I. Class I Shares | BlackRock S&P 500 Index V.I. Class I Shares | BlackRock Total Return V.I. Class I Shares | Columbia - Acorn |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$1067523** | **$23872975** | **$5394423** | **$469031** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 2594 | 348595 | 230468 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 14629 | 373972 | 72852 | 6864 |
| Net Investment Income (Loss) | (12035) | (25377) | 157616 | (6864) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 1158654 |  |  |
| Realized Gain (Loss) on Investments | 46254 | 588214 | (146456) | 29181 |
| Net Realized Capital Gains (Losses) on Investments | 46254 | 1746868 | (146456) | 29181 |
| Net Change in Unrealized Appreciation (Depreciation) | 73857 | 3736851 | (7805) | 31007 |
| Net Gain (Loss) on Investment | 120111 | 5483719 | (154261) | 60188 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 108076 | 5458342 | 3355 | 53324 |
| Increase (Decrease) in Net Assets from Contract Transactions | (194083) | (758861) | (432320) | (84463) |
| Total Increase (Decrease) in Net Assets | (86007) | 4699481 | (428965) | (31139) |
| **Net Assets as of December 31, 2024:** | **$981516** | **$28572456** | **$4965458** | **$437892** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 17194 | 320601 | 216666 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 12538 | 389059 | 68191 | 5961 |
| Net Investment Income (Loss) | 4656 | (68458) | 148475 | (5961) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 1600917 | 4790 |  |
| Realized Gain (Loss) on Investments | 11580 | 1654599 | (160953) | 40220 |
| Net Realized Capital Gains (Losses) on Investments | 11580 | 3255516 | (156163) | 40220 |
| Net Change in Unrealized Appreciation (Depreciation) | 24492 | 1061739 | 318603 | (22551) |
| Net Gain (Loss) on Investment | 36072 | 4317255 | 162440 | 17669 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 40728 | 4248797 | 310915 | 11708 |
| Increase (Decrease) in Net Assets from Contract Transactions | (109548) | (3003436) | (557072) | (31765) |
| Total Increase (Decrease) in Net Assets | (68820) | 1245361 | (246157) | (20057) |
| **Net Assets as of December 31, 2025:** | **$912696** | **$29817817** | **$4719301** | **$417835** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Columbia - Acorn International | Davis Equity | Eaton Vance VT Floating-Rate Income | Federated Hermes Kaufmann II Primary Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$1143729** | **$3774366** | **$528040** | **$1068808** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 14231 | 43159 | 44175 | 9380 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 15761 | 56970 | 8391 | 14312 |
| Net Investment Income (Loss) | (1530) | (13811) | 35784 | (4932) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 803840 |  | 30954 |
| Realized Gain (Loss) on Investments | 47818 | (132102) | 15 | 32056 |
| Net Realized Capital Gains (Losses) on Investments | 47818 | 671738 | 15 | 63010 |
| Net Change in Unrealized Appreciation (Depreciation) | (134069) | (49951) | (2542) | 93191 |
| Net Gain (Loss) on Investment | (86251) | 621787 | (2527) | 156201 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (87781) | 607976 | 33257 | 151269 |
| Increase (Decrease) in Net Assets from Contract Transactions | (118630) | (408212) | 36118 | (220990) |
| Total Increase (Decrease) in Net Assets | (206411) | 199764 | 69375 | (69721) |
| **Net Assets as of December 31, 2024:** | **$937318** | **$3974130** | **$597415** | **$999087** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 10496 | 42037 | 40242 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 12639 | 56753 | 8933 | 12739 |
| Net Investment Income (Loss) | (2143) | (14716) | 31309 | (12739) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 4094 | 636563 |  | 97987 |
| Realized Gain (Loss) on Investments | 60372 | (181667) | (526) | (13004) |
| Net Realized Capital Gains (Losses) on Investments | 64466 | 454896 | (526) | 84983 |
| Net Change in Unrealized Appreciation (Depreciation) | 38863 | 494616 | (16465) | 22206 |
| Net Gain (Loss) on Investment | 103329 | 949512 | (16991) | 107189 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 101186 | 934796 | 14318 | 94450 |
| Increase (Decrease) in Net Assets from Contract Transactions | (241722) | (481544) | 19983 | (231897) |
| Total Increase (Decrease) in Net Assets | (140536) | 453252 | 34301 | (137447) |
| **Net Assets as of December 31, 2025:** | **$796782** | **$4427382** | **$631716** | **$861640** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Federated Hermes Managed Volatility II Primary Shares | Franklin Templeton Foreign Class 2 Shares | Franklin Templeton Growth Class 2 Shares | Invesco V.I. American Franchise Series I Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$133752** | **$128815** | **$53801** | **$1133756** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 3119 | 2585 | 484 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 2022 | 1551 | 780 | 16994 |
| Net Investment Income (Loss) | 1097 | 1034 | (296) | (16994) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 166 |  |
| Realized Gain (Loss) on Investments | 270 | 5090 | 1727 | 37229 |
| Net Realized Capital Gains (Losses) on Investments | 270 | 5090 | 1893 | 37229 |
| Net Change in Unrealized Appreciation (Depreciation) | 16934 | (7375) | 532 | 329157 |
| Net Gain (Loss) on Investment | 17204 | (2285) | 2425 | 366386 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 18301 | (1251) | 2129 | 349392 |
| Increase (Decrease) in Net Assets from Contract Transactions | (6263) | (26196) | (5829) | (153814) |
| Total Increase (Decrease) in Net Assets | 12038 | (27447) | (3700) | 195578 |
| **Net Assets as of December 31, 2024:** | **$145790** | **$101368** | **$50101** | **$1329334** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 4144 | 2656 | 465 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 1903 | 1485 | 776 | 17029 |
| Net Investment Income (Loss) | 2241 | 1171 | (311) | (17029) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 2528 | 7417 | 3990 | 115248 |
| Realized Gain (Loss) on Investments | 16408 | 1006 | 2255 | 56764 |
| Net Realized Capital Gains (Losses) on Investments | 18936 | 8423 | 6245 | 172012 |
| Net Change in Unrealized Appreciation (Depreciation) | (13801) | 17813 | 4567 | (34985) |
| Net Gain (Loss) on Investment | 5135 | 26236 | 10812 | 137027 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 7376 | 27407 | 10501 | 119998 |
| Increase (Decrease) in Net Assets from Contract Transactions | (99009) | (3642) | (7242) | (247493) |
| Total Increase (Decrease) in Net Assets | (91633) | 23765 | 3259 | (127495) |
| **Net Assets as of December 31, 2025:** | **$54157** | **$125133** | **$53360** | **$1201839** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Invesco V.I. American Value Series I Shares | Invesco V.I. Comstock Series I Shares | Invesco V.I. EQV International Equity Series I Shares | Invesco V.I. Main Street Series II Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$-** | **$3681724** | **$504807** | **$-** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 64354 | 8833 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges |  | 53333 | 7999 |  |
| Net Investment Income (Loss) |  | 11021 | 834 |  |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 260177 | 2626 |  |
| Realized Gain (Loss) on Investments |  | 103175 | 629 |  |
| Net Realized Capital Gains (Losses) on Investments |  | 363352 | 3255 |  |
| Net Change in Unrealized Appreciation (Depreciation) |  | 104584 | (7650) |  |
| Net Gain (Loss) on Investment |  | 467936 | (4395) |  |
| Net Increase (Decrease) in Net Assets Resulting from Operations |  | 478957 | (3561) |  |
| Increase (Decrease) in Net Assets from Contract Transactions |  | (421187) | 21005 |  |
| Total Increase (Decrease) in Net Assets |  | 57770 | 17444 |  |
| **Net Assets as of December 31, 2024:** | **$-** | **$3739494** | **$522251** | **$-** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 62954 | 7355 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges |  | 52957 | 8435 |  |
| Net Investment Income (Loss) |  | 9997 | (1080) |  |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 396949 | 32643 |  |
| Realized Gain (Loss) on Investments |  | 117478 | 2093 |  |
| Net Realized Capital Gains (Losses) on Investments |  | 514427 | 34736 |  |
| Net Change in Unrealized Appreciation (Depreciation) |  | 33769 | 39402 |  |
| Net Gain (Loss) on Investment |  | 548196 | 74138 |  |
| Net Increase (Decrease) in Net Assets Resulting from Operations |  | 558193 | 73058 |  |
| Increase (Decrease) in Net Assets from Contract Transactions |  | (459495) | (83648) |  |
| Total Increase (Decrease) in Net Assets |  | 98698 | (10590) |  |
| **Net Assets as of December 31, 2025:** | **$-** | **$3838192** | **$511661** | **$-** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Invesco V.I. Main Street Mid Cap Series I Shares | Janus Henderson - Enterprise Service Shares | Janus Henderson - Forty Service Shares | LVIP American Century Ultra Standard Class II Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount<sup>(1)</sup> |
| **Net Assets as of December 31, 2023:** | **$127756** | **$46505** | **$204108** | **$-** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 235 | 320 | 24 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 1389 | 683 | 3391 | 2943 |
| Net Investment Income (Loss) | (1154) | (363) | (3367) | (2943) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 1691 | 2233 | 14623 | 3707 |
| Realized Gain (Loss) on Investments | 1304 | 134 | 4211 | 1045 |
| Net Realized Capital Gains (Losses) on Investments | 2995 | 2367 | 18834 | 4752 |
| Net Change in Unrealized Appreciation (Depreciation) | 10306 | 4401 | 37282 | 50781 |
| Net Gain (Loss) on Investment | 13301 | 6768 | 56116 | 55533 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 12147 | 6405 | 52749 | 52590 |
| Increase (Decrease) in Net Assets from Contract Transactions | (68455) | (138) | (11019) | 282674 |
| Total Increase (Decrease) in Net Assets | (56308) | 6267 | 41730 | 335264 |
| **Net Assets as of December 31, 2024:** | **$71448** | **$52772** | **$245838** | **$335264** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 251 | 94 | 657 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 1163 | 721 | 3716 | 4601 |
| Net Investment Income (Loss) | (912) | (627) | (3059) | (4601) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 7408 | 4498 | 33683 | 29087 |
| Realized Gain (Loss) on Investments | 162 | 139 | 3610 | 2085 |
| Net Realized Capital Gains (Losses) on Investments | 7570 | 4637 | 37293 | 31172 |
| Net Change in Unrealized Appreciation (Depreciation) | (1103) | (862) | 4298 | 11067 |
| Net Gain (Loss) on Investment | 6467 | 3775 | 41591 | 42239 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 5555 | 3148 | 38532 | 37638 |
| Increase (Decrease) in Net Assets from Contract Transactions | 4696 | (132) | (8526) | (6899) |
| Total Increase (Decrease) in Net Assets | 10251 | 3016 | 30006 | 30739 |
| **Net Assets as of December 31, 2025:** | **$81699** | **$55788** | **$275844** | **$366003** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MFS® Growth Initial Class | PIMCO CommodityRealReturn® Strategy Administrative Class | PIMCO Low Duration Administrative Class | PIMCO Real Return Administrative Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$5727476** | **$233567** | **$1344173** | **$981374** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 5589 | 55256 | 25859 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 90128 | 3853 | 20441 | 14553 |
| Net Investment Income (Loss) | (90128) | 1736 | 34815 | 11306 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 482984 |  |  |  |
| Realized Gain (Loss) on Investments | 409532 | (20492) | (701) | (8199) |
| Net Realized Capital Gains (Losses) on Investments | 892516 | (20492) | (701) | (8199) |
| Net Change in Unrealized Appreciation (Depreciation) | 824012 | 25709 | 5984 | 3040 |
| Net Gain (Loss) on Investment | 1716528 | 5217 | 5283 | (5159) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 1626400 | 6953 | 40098 | 6147 |
| Increase (Decrease) in Net Assets from Contract Transactions | (633380) | 8042 | (16216) | (22893) |
| Total Increase (Decrease) in Net Assets | 993020 | 14995 | 23882 | (16746) |
| **Net Assets as of December 31, 2024:** | **$6720496** | **$248562** | **$1368055** | **$964628** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 9949 | 48485 | 33805 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 86213 | 5341 | 18025 | 14864 |
| Net Investment Income (Loss) | (86213) | 4608 | 30460 | 18941 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 1048995 |  |  |  |
| Realized Gain (Loss) on Investments | 501490 | (48071) | 1450 | (6428) |
| Net Realized Capital Gains (Losses) on Investments | 1550485 | (48071) | 1450 | (6428) |
| Net Change in Unrealized Appreciation (Depreciation) | (823951) | 97385 | 15772 | 50615 |
| Net Gain (Loss) on Investment | 726534 | 49314 | 17222 | 44187 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 640321 | 53922 | 47682 | 63128 |
| Increase (Decrease) in Net Assets from Contract Transactions | (1494868) | 39487 | (198706) | (10500) |
| Total Increase (Decrease) in Net Assets | (854547) | 93409 | (151024) | 52628 |
| **Net Assets as of December 31, 2025:** | **$5865949** | **$341971** | **$1217031** | **$1017256** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | PIMCO Total Return Administrative Class | TA Aegon Sustainable Equity Income Service Class | TA BlackRock iShares Edge 40 Service Class | TA International Focus Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$7525470** | **$1893791** | **$-** | **$1079639** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 283303 | 34679 |  | 25104 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 102642 | 28602 |  | 14740 |
| Net Investment Income (Loss) | 180661 | 6077 |  | 10364 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  | 34570 |
| Realized Gain (Loss) on Investments | (219587) | 35455 |  | (4403) |
| Net Realized Capital Gains (Losses) on Investments | (219587) | 35455 |  | 30167 |
| Net Change in Unrealized Appreciation (Depreciation) | 114113 | 225887 |  | (63694) |
| Net Gain (Loss) on Investment | (105474) | 261342 |  | (33527) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 75187 | 267419 |  | (23163) |
| Increase (Decrease) in Net Assets from Contract Transactions | (837902) | (308258) |  | (52710) |
| Total Increase (Decrease) in Net Assets | (762715) | (40839) |  | (75873) |
| **Net Assets as of December 31, 2024:** | **$6762755** | **$1852952** | **$-** | **$1003766** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 271796 | 23251 |  | 18694 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 96268 | 24838 |  | 14486 |
| Net Investment Income (Loss) | 175528 | (1587) |  | 4208 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 15696 |  | 110655 |
| Realized Gain (Loss) on Investments | (162406) | 104886 |  | (8779) |
| Net Realized Capital Gains (Losses) on Investments | (162406) | 120582 |  | 101876 |
| Net Change in Unrealized Appreciation (Depreciation) | 449646 | 27155 |  | (53514) |
| Net Gain (Loss) on Investment | 287240 | 147737 |  | 48362 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 462768 | 146150 |  | 52570 |
| Increase (Decrease) in Net Assets from Contract Transactions | (582673) | (461716) |  | (21331) |
| Total Increase (Decrease) in Net Assets | (119905) | (315566) |  | 31239 |
| **Net Assets as of December 31, 2025:** | **$6642850** | **$1537386** | **$-** | **$1035005** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA Janus Balanced Service Class | TA Janus Mid-Cap Growth Service Class | TA JPMorgan Enhanced Index Initial Class | TA Morgan Stanley Global Allocation Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$123930** | **$924407** | **$46691** | **$17080** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 2310 |  | 70156 | 826 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 1936 | 14195 | 98972 | 284 |
| Net Investment Income (Loss) | 374 | (14195) | (28816) | 542 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 3145 | 61523 | 345762 |  |
| Realized Gain (Loss) on Investments | 443 | (16206) | 123209 | 20 |
| Net Realized Capital Gains (Losses) on Investments | 3588 | 45317 | 468971 | 20 |
| Net Change in Unrealized Appreciation (Depreciation) | 12313 | 80848 | 920140 | 321 |
| Net Gain (Loss) on Investment | 15901 | 126165 | 1389111 | 341 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 16275 | 111970 | 1360295 | 883 |
| Increase (Decrease) in Net Assets from Contract Transactions | (4454) | (101624) | 9272751 |  |
| Total Increase (Decrease) in Net Assets | 11821 | 10346 | 10633046 | 883 |
| **Net Assets as of December 31, 2024:** | **$135751** | **$934753** | **$10679737** | **$17963** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 2611 |  | 73736 | 142 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 2002 | 12731 | 144370 | 73 |
| Net Investment Income (Loss) | 609 | (12731) | (70634) | 69 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 17085 | 105688 | 1235618 |  |
| Realized Gain (Loss) on Investments | 725 | (30946) | 161626 | 1747 |
| Net Realized Capital Gains (Losses) on Investments | 17810 | 74742 | 1397244 | 1747 |
| Net Change in Unrealized Appreciation (Depreciation) | (3038) | (11276) | 131828 | (1028) |
| Net Gain (Loss) on Investment | 14772 | 63466 | 1529072 | 719 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 15381 | 50735 | 1458438 | 788 |
| Increase (Decrease) in Net Assets from Contract Transactions | (7283) | (172106) | (1218262) | (18751) |
| Total Increase (Decrease) in Net Assets | 8098 | (121371) | 240176 | (17963) |
| **Net Assets as of December 31, 2025:** | **$143849** | **$813382** | **$10919913** | **$-** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA Multi-Managed Balanced Service Class | TA Small/Mid Cap Value Service Class | TA T. Rowe Price Small Cap Initial Class | TA TSW International Equity Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$67007** | **$1426309** | **$620563** | **$95421** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 1140 | 11003 |  | 2300 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 982 | 22014 | 10170 | 1228 |
| Net Investment Income (Loss) | 158 | (11011) | (10170) | 1072 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 2858 | 48290 | 23260 |  |
| Realized Gain (Loss) on Investments | (49) | (20125) | (10792) | 1831 |
| Net Realized Capital Gains (Losses) on Investments | 2809 | 28165 | 12468 | 1831 |
| Net Change in Unrealized Appreciation (Depreciation) | 5154 | 83309 | 65114 | (1172) |
| Net Gain (Loss) on Investment | 7963 | 111474 | 77582 | 659 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 8121 | 100463 | 67412 | 1731 |
| Increase (Decrease) in Net Assets from Contract Transactions | (7580) | (95549) | (28987) | (13688) |
| Total Increase (Decrease) in Net Assets | 541 | 4914 | 38425 | (11957) |
| **Net Assets as of December 31, 2024:** | **$67548** | **$1431223** | **$658988** | **$83464** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 13565 |  | 1930 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 600 | 19667 | 10708 | 1379 |
| Net Investment Income (Loss) | (600) | (6102) | (10708) | 551 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 141543 | 107048 | 4593 |
| Realized Gain (Loss) on Investments | 7444 | (55899) | (19218) | 1252 |
| Net Realized Capital Gains (Losses) on Investments | 7444 | 85644 | 87830 | 5845 |
| Net Change in Unrealized Appreciation (Depreciation) | (2603) | 14588 | (19196) | 19481 |
| Net Gain (Loss) on Investment | 4841 | 100232 | 68634 | 25326 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 4241 | 94130 | 57926 | 25877 |
| Increase (Decrease) in Net Assets from Contract Transactions | (71789) | (286814) | (18195) | 24841 |
| Total Increase (Decrease) in Net Assets | (67548) | (192684) | 39731 | 50718 |
| **Net Assets as of December 31, 2025:** | **$-** | **$1238539** | **$698719** | **$134182** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

#### Transamerica Financial Life Insurance Company

#### ML of New York Variable Annuity Separate Account A

#### Statements of Assets and Liabilities

#### December 31, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | TA WMC US Growth Initial Class | TA WMC US Growth Service Class | Victory Pioneer High Yield VCT Class II Shares |
|  | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$22218** | **$1651826** | **$48254** |
| Investment Income: |  |  |  |
| Reinvested Dividends | 3 |  | 2768 |
| Investment Expense: |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 347 | 23274 | 674 |
| Net Investment Income (Loss) | (344) | (23274) | 2094 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |
| Capital Gain Distributions | 2335 | 150677 |  |
| Realized Gain (Loss) on Investments | 141 | 101059 | 95 |
| Net Realized Capital Gains (Losses) on Investments | 2476 | 251736 | 95 |
| Net Change in Unrealized Appreciation (Depreciation) | 3891 | 174540 | 1220 |
| Net Gain (Loss) on Investment | 6367 | 426276 | 1315 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 6023 | 403002 | 3409 |
| Increase (Decrease) in Net Assets from Contract Transactions | (220) | (413643) | (427) |
| Total Increase (Decrease) in Net Assets | 5803 | (10641) | 2982 |
| **Net Assets as of December 31, 2024:** | **$28021** | **$1641185** | **$51236** |
| Investment Income: |  |  |  |
| Reinvested Dividends |  |  | 2845 |
| Investment Expense: |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 394 | 20504 | 665 |
| Net Investment Income (Loss) | (394) | (20504) | 2180 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |
| Capital Gain Distributions | 4773 | 247666 |  |
| Realized Gain (Loss) on Investments | 182 | 145069 | 338 |
| Net Realized Capital Gains (Losses) on Investments | 4955 | 392735 | 338 |
| Net Change in Unrealized Appreciation (Depreciation) | (52) | (142296) | 521 |
| Net Gain (Loss) on Investment | 4903 | 250439 | 859 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 4509 | 229935 | 3039 |
| Increase (Decrease) in Net Assets from Contract Transactions | (240) | (512930) | (3274) |
| Total Increase (Decrease) in Net Assets | 4269 | (282995) | (235) |
| **Net Assets as of December 31, 2025:** | **$32290** | **$1358190** | **$51001** |

---

*See Accompanying Notes.(*

*1)See Footnote 1*

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
| **1. Organization** | **1. Organization** | **1. Organization** |
| ML of New York Variable Annuity Separate Account A (the Separate Account) is a segregated investment account of Transamerica Financial Life Insurance Company (TFLIC), an indirect wholly owned subsidiary of Aegon Ltd., a holding company organized under the laws of the Bermuda. | ML of New York Variable Annuity Separate Account A (the Separate Account) is a segregated investment account of Transamerica Financial Life Insurance Company (TFLIC), an indirect wholly owned subsidiary of Aegon Ltd., a holding company organized under the laws of the Bermuda. | ML of New York Variable Annuity Separate Account A (the Separate Account) is a segregated investment account of Transamerica Financial Life Insurance Company (TFLIC), an indirect wholly owned subsidiary of Aegon Ltd., a holding company organized under the laws of the Bermuda. |
| The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940. TFLIC and the Separate Account are regulated by the Securities and Exchange Commission. The assets and liabilities of the Separate Account are clearly identified and distinguished from TFLIC's other assets and liabilities. The Separate Account consists of multiple investment subaccounts. Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund. Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended. Activity in these specified investment subaccounts is available to contract owners of Merrill Lynch Investor Choice Annuity® NY, Merrill Lynch Retirement Power® NY, Merrill Lynch Retirement Optimizer® NY, and Merrill Lynch Retirement Plus® NY. | The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940. TFLIC and the Separate Account are regulated by the Securities and Exchange Commission. The assets and liabilities of the Separate Account are clearly identified and distinguished from TFLIC's other assets and liabilities. The Separate Account consists of multiple investment subaccounts. Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund. Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended. Activity in these specified investment subaccounts is available to contract owners of Merrill Lynch Investor Choice Annuity® NY, Merrill Lynch Retirement Power® NY, Merrill Lynch Retirement Optimizer® NY, and Merrill Lynch Retirement Plus® NY. | The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940. TFLIC and the Separate Account are regulated by the Securities and Exchange Commission. The assets and liabilities of the Separate Account are clearly identified and distinguished from TFLIC's other assets and liabilities. The Separate Account consists of multiple investment subaccounts. Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund. Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended. Activity in these specified investment subaccounts is available to contract owners of Merrill Lynch Investor Choice Annuity® NY, Merrill Lynch Retirement Power® NY, Merrill Lynch Retirement Optimizer® NY, and Merrill Lynch Retirement Plus® NY. |
| **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** |
| **<u>Subaccount</u>** | **<u>Mutual Fund</u>** | **<u>Mutual Fund</u>** |
| AB Variable Products Series Fund, Inc. |  | AB Variable Products Series Fund, Inc. |
| AB Discovery Value Class A Shares |  | AB Discovery Value Portfolio Class A Shares |
| AB International Value Class A Shares |  | AB International Value Portfolio Class A shares |
| AB Large Cap Growth Class A Shares |  | AB Large Cap Growth Portfolio Class A Shares |
| AB Relative Value Class A Shares |  | AB Relative Value Portfolio Class A Shares |
| AB Sustainable Global Thematic Growth Class A Shares |  | AB Sustainable Global Thematic Growth Portfolio Class A Shares |
| American Funds Insurance Series® |  | American Funds Insurance Series® |
| American Funds - Asset Allocation Class 2 Shares |  | American Funds - Asset Allocation Fund Class 2 Shares |
| American Funds - Growth Class 2 Shares |  | American Funds - Growth Fund Class 2 Shares |
| American Funds - Growth-Income Class 2 Shares |  | American Funds - Growth-Income Fund Class 2 Shares |
| American Funds - International Class 2 Shares |  | American Funds - International Fund Class 2 Shares |
| American Funds - The Bond Fund of America Class 2 Shares | American Funds - The Bond Fund of America Class 2 Shares | American Funds - The Bond Fund of America Class 2 Shares |
| BlackRock Funds, Inc. |  | BlackRock Funds, Inc. |
| BlackRock Advantage Large Cap Core V.I. Class I Shares |  | BlackRock Advantage Large Cap Core V.I. Fund Class I Shares |
| BlackRock Advantage Large Cap Value V.I. Class I Shares | BlackRock Advantage Large Cap Value V.I. Class I Shares | BlackRock Advantage Large Cap Value V.I. Fund Class I Shares |
| BlackRock Advantage SMID Cap V.I. Class I Shares |  | BlackRock Advantage SMID Cap V.I. Fund Class I Shares |
| BlackRock Basic Value V.I. Class I Shares |  | BlackRock Basic Value V.I. Fund Class I |
| BlackRock Equity Dividend V.I. Class I Shares |  | BlackRock Equity Dividend V.I. Fund Class I Shares |
| BlackRock Global Allocation V.I. Class I Shares |  | BlackRock Global Allocation V.I. |
| BlackRock Government Money Market V.I. Class I Shares | BlackRock Government Money Market V.I. Class I Shares | BlackRock Government Money Market V.I. Fund Class I Shares |
| BlackRock High Yield V.I. Class I Shares |  | BlackRock High Yield V.I. Fund Class I Shares |
| BlackRock International V.I. Class I Shares |  | BlackRock International V.I. Fund Class I Shares |
| BlackRock Large Cap Focus Growth V.I. Class I Shares |  | BlackRock Large Cap Focus Growth V.I. Fund Class I Shares |
| BlackRock Managed Volatility V.I. Class I Shares |  | BlackRock Managed Volatility V.I. Fund Class I Shares |
| BlackRock S&P 500 Index V.I. Class I Shares |  | BlackRock S&P 500 Index V.I. Fund Class I Shares |
| BlackRock Total Return V.I. Class I Shares |  | BlackRock Total Return V.I. Fund Class I |
| Columbia Funds Variable Series Trust |  | Columbia Funds Variable Series Trust |
| Columbia - Acorn |  | Columbia - Acorn Fund |
| Columbia - Acorn International |  | Columbia - Acorn International Fund |
| Davis Variable Account Fund, Inc. |  | Davis Variable Account Fund, Inc. |
| Davis Equity |  | Davis Equity Portfolio |

---

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

---

| | |
|:---|:---|
| **1. Organization (continued)** | **1. Organization (continued)** |
| **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** |
| **<u>Subaccount</u>** | **<u>Mutual Fund</u>** |
| Eaton Vance Variable Trust | Eaton Vance Variable Trust |
| Eaton Vance VT Floating-Rate Income | Eaton Vance VT Floating-Rate Income Fund |
| Federated Insurance Series | Federated Insurance Series |
| Federated Hermes Kaufmann II Primary Shares | Federated Hermes Kaufmann II Fund Primary Shares |
| Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Fund Primary Shares |
| Franklin Templeton Variable Insurance Products Trust | Franklin Templeton Variable Insurance Products Trust |
| Franklin Templeton Foreign Class 2 Shares | Franklin Templeton Foreign Fund Class 2 |
| Franklin Templeton Growth Class 2 Shares | Franklin Templeton Growth Fund Class 2 |
| AIM Variable Insurance Funds- (Invesco Variable Insurance) | AIM Variable Insurance Funds- (Invesco Variable Insurance) |
| Invesco V.I. American Franchise Series I Shares | Invesco V.I. American Franchise Fund Series I Shares |
| Invesco V.I. American Value Series I Shares | Invesco V.I. American Value Fund Series I Shares |
| Invesco V.I. Comstock Series I Shares | Invesco V.I. Comstock Fund Series I Shares |
| Invesco V.I. EQV International Equity Series I Shares | Invesco V.I. EQV International Equity Fund Series I Shares |
| Invesco V.I. Main Street Series II Shares | Invesco V.I. Main Street Fund Series II Shares |
| Invesco V.I. Main Street Mid Cap Series I Shares | Invesco V.I. Main Street Mid Cap Fund Series I Shares |
| Janus Aspen Series | Janus Aspen Series |
| Janus Henderson - Enterprise Service Shares | Janus Henderson - Enterprise Portfolio Service Shares |
| Janus Henderson - Forty Service Shares | Janus Henderson - Forty Portfolio Service Shares |
| Lincoln Variable Insurance Products | Lincoln Variable Insurance Products |
| LVIP American Century Ultra Standard Class II Shares | LVIP American Century Ultra Standard Fund Class II Shares |
| MFS® Variable Insurance Trust | MFS® Variable Insurance Trust |
| MFS® Growth Initial Class | MFS® Growth Series Initial Class |
| PIMCO Variable Insurance Trust | PIMCO Variable Insurance Trust |
| PIMCO CommodityRealReturn® Strategy Administrative Class | PIMCO CommodityRealReturn® Strategy Portfolio Administrative Class |
| PIMCO Low Duration Administrative Class | PIMCO Low Duration Administrative Portfolio Class |
| PIMCO Real Return Administrative Class | PIMCO Real Return Administrative Portfolio Class |
| PIMCO Variable Insurance Trust | PIMCO Variable Insurance Trust |
| PIMCO Total Return Administrative Class | PIMCO Total Return Administrative Portfolio Class |
| Transamerica Series Trust | Transamerica Series Trust |
| TA Aegon Sustainable Equity Income Service Class | Transamerica Aegon Sustainable Equity Income VP Service Class |
| TA BlackRock iShares Edge 40 Service Class | Transamerica BlackRock iShares Edge 40 VP Service Class |
| TA International Focus Initial Class | Transamerica International Focus VP Initial Class |
| TA Janus Balanced Service Class | Transamerica Janus Balanced VP Service Class |
| TA Janus Mid-Cap Growth Service Class | Transamerica Janus Mid-Cap Growth VP Service Class |
| TA JPMorgan Enhanced Index Initial Class | Transamerica JPMorgan Enhanced Index VP Initial Class |
| TA Morgan Stanley Global Allocation Service Class | Transamerica Morgan Stanley Global Allocation VP Service Class |
| TA Multi-Managed Balanced Service Class | Transamerica Multi-Managed Balanced VP Service Class |
| TA Small/Mid Cap Value Service Class | Transamerica Small/Mid Cap Value VP Service Class |
| TA T. Rowe Price Small Cap Initial Class | Transamerica T. Rowe Price Small Cap VP Initial Class |
| TA TSW International Equity Service Class | Transamerica TSW International Equity VP Service Class |
| TA WMC US Growth Initial Class | Transamerica WMC US Growth VP Initial Class |
| TA WMC US Growth Service Class | Transamerica WMC US Growth VP Service Class |

---

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

---

| | |
|:---|:---|
| **1. Organization (continued)** | **1. Organization (continued)** |
| **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** |
| **<u>Subaccount</u>** | **<u>Mutual Fund</u>** |
| Victory Variable Insurance Funds | Victory Variable Insurance Funds |
| Victory Pioneer High Yield VCT Class II Shares | Victory Pioneer High Yield VCT Portfolio Class II Shares |
| Each period reported on reflects a full twelve month period except as follows: | Each period reported on reflects a full twelve month period except as follows: |
| **<u>Subaccount</u>** | **<u>Inception Date</u>** |
| LVIP American Century Ultra Standard Class II Shares | April 26, 2024 |
| TA WMC US Growth Initial Class | April 28, 2023 |
| Invesco V.I. American Value Series I Shares | April 30, 2021 |
| The following subaccount name changes were made effective during the fiscal year ended December 31, 2025: | The following subaccount name changes were made effective during the fiscal year ended December 31, 2025: |
| **<u>Subaccount</u>** | **<u>Formerly</u>** |
| Columbia - Acorn | Wanger Acorn |
| Columbia - Acorn International | Wanger International |
| Victory Pioneer High Yield VCT Class II Shares | Pioneer High Yield VCT Class II Shares |

---

---

| |
|:---|
| **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** |
| **December 31, 2025** |
| **2. Summary of Significant Accounting Policies** |
| The financial statements included herein have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for variable annuity separate accounts registered as unit investment trusts. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions regarding matters that affect the reported amount of assets and liabilities. Actual results could differ from those estimates. |
| **Investments** |
| Net purchase payments received by the Separate Account are invested in the portfolios of the Mutual Funds as selected by the contract owner. Investments are stated at the closing net asset values per share on December 31, 2025. |
| Realized capital gains and losses from sales of shares in the Separate Account are determined on the first-in, first-out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed) and dividend income is recorded on the ex-dividend date. Unrealized gains or losses from investments in the Mutual Funds are included in the Statements of Operations and Changes in Net Assets. |
| **Dividend Income** |
| Dividends received from the Mutual Fund investments are reinvested to purchase additional mutual fund shares. |
| **Fair Value Measurements and Fair Value Hierarchy** |
| The Accounting Standards Codification™ (ASC) 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the nature of inputs used to measure fair value and enhances disclosure requirements for fair value measurements. |
| The Separate Account has categorized its financial instruments into a three level hierarchy which is based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). 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. |
| Financial assets and liabilities recorded at fair value on the Statements of Assets and Liabilities are categorized as follows: |
| Level 1. Unadjusted quoted prices for identical assets or liabilities in an active market. |
| Level 2. Quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following: |
| a) Quoted prices for similar assets or liabilities in active markets |
| b) Quoted prices for identical or similar assets or liabilities in non-active markets |
| c) Inputs other than quoted market prices that are observable |
| d) Inputs that are derived principally from or corroborated by observable market data through correlation or other means. |
| Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. They reflect management's own assumptions about the assumptions a market participant would use in pricing the asset or liability. |
| All investments in the Mutual Funds included in the Statements of Assets and Liabilities are stated at fair value and are based upon published closing NAV per share and therefore are considered Level 1. |
| There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2025. |

---

---

| | | |
|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **3. Investments** |  |  |
| The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2025 were as follows: | The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2025 were as follows: | The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2025 were as follows: |
| **Subaccount** | **Purchases** | **Sales** |
| AB Discovery Value Class A Shares | $42195 | $39166 |
| AB International Value Class A Shares | 508 | 1905 |
| AB Large Cap Growth Class A Shares | 843326 | 1446945 |
| AB Relative Value Class A Shares | 51063 | 27543 |
| AB Sustainable Global Thematic Growth Class A Shares | 1847853 | 1602223 |
| American Funds - Asset Allocation Class 2 Shares | 48568 | 48970 |
| American Funds - Growth Class 2 Shares | 223715 | 515860 |
| American Funds - Growth-Income Class 2 Shares | 126610 | 46148 |
| American Funds - International Class 2 Shares | 32066 | 771089 |
| American Funds - The Bond Fund of America Class 2 Shares | 60599 | 54043 |
| BlackRock Advantage Large Cap Core V.I. Class I Shares | 2796052 | 2561758 |
| BlackRock Advantage Large Cap Value V.I. Class I Shares | 751806 | 480576 |
| BlackRock Advantage SMID Cap V.I. Class I Shares | 883102 | 1594084 |
| BlackRock Basic Value V.I. Class I Shares | 1995952 | 2015329 |
| BlackRock Equity Dividend V.I. Class I Shares | 150527 | 374505 |
| BlackRock Global Allocation V.I. Class I Shares | 1902903 | 2504361 |
| BlackRock Government Money Market V.I. Class I Shares | 2328346 | 3354995 |
| BlackRock High Yield V.I. Class I Shares | 460903 | 700408 |
| BlackRock International V.I. Class I Shares | 174172 | 756287 |
| BlackRock Large Cap Focus Growth V.I. Class I Shares | 982856 | 944494 |
| BlackRock Managed Volatility V.I. Class I Shares | 29209 | 134101 |
| BlackRock S&P 500 Index V.I. Class I Shares | 2215277 | 3686252 |
| BlackRock Total Return V.I. Class I Shares | 721458 | 1129440 |
| Columbia - Acorn | 100296 | 138023 |
| Columbia - Acorn International | 128979 | 368752 |
| Davis Equity | 959584 | 819283 |
| Eaton Vance VT Floating-Rate Income | 83260 | 33337 |
| Federated Hermes Kaufmann II Primary Shares | 114896 | 261543 |
| Federated Hermes Managed Volatility II Primary Shares | 7008 | 101247 |
| Franklin Templeton Foreign Class 2 Shares | 10074 | 5128 |
| Franklin Templeton Growth Class 2 Shares | 5466 | 9030 |
| Invesco V.I. American Franchise Series I Shares | 127971 | 277245 |
| Invesco V.I. American Value Series I Shares |  |  |
| Invesco V.I. Comstock Series I Shares | 700817 | 753364 |
| Invesco V.I. EQV International Equity Series I Shares | 67190 | 119274 |
| Invesco V.I. Main Street Series II Shares |  |  |

---

---

| | | |
|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **3. Investments (continued)** |  |  |
| **Subaccount** | **Purchases** | **Sales** |
| Invesco V.I. Main Street Mid Cap Series I Shares | 12814 | 1623 |
| Janus Henderson - Enterprise Service Shares | $4592 | $855 |
| Janus Henderson - Forty Service Shares | 34339 | 12237 |
| LVIP American Century Ultra Standard Class II Shares | 30663 | 13077 |
| MFS® Growth Initial Class | 1411462 | 1943548 |
| PIMCO CommodityRealReturn® Strategy Administrative Class | 165005 | 120911 |
| PIMCO Low Duration Administrative Class | 139881 | 308712 |
| PIMCO Real Return Administrative Class | 194193 | 187884 |
| PIMCO Total Return Administrative Class | 863920 | 1272363 |
| TA Aegon Sustainable Equity Income Service Class | 100816 | 548425 |
| TA BlackRock iShares Edge 40 Service Class |  |  |
| TA International Focus Initial Class | 178091 | 84558 |
| TA Janus Balanced Service Class | 20493 | 10082 |
| TA Janus Mid-Cap Growth Service Class | 137917 | 217070 |
| TA JPMorgan Enhanced Index Initial Class | 1669084 | 1722362 |
| TA Morgan Stanley Global Allocation Service Class | 142 | 18824 |
| TA Multi-Managed Balanced Service Class | 1 | 72390 |
| TA Small/Mid Cap Value Service Class | 219942 | 371314 |
| TA T. Rowe Price Small Cap Initial Class | 173028 | 94883 |
| TA TSW International Equity Service Class | 36769 | 6784 |
| TA WMC US Growth Initial Class | 4773 | 633 |
| TA WMC US Growth Service Class | 384832 | 670591 |
| Victory Pioneer High Yield VCT Class II Shares | 5777 | 7249 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units** |  |  |  |  |  |  |
| The change in units outstanding were as follows: |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| AB Discovery Value Class A Shares | 439 | (877) | (438) | 119 | (731) | (612) |
| AB International Value Class A Shares |  | (181) | (181) | 242 | (176) | 66 |
| AB Large Cap Growth Class A Shares | 537 | (13732) | (13195) |  | (6937) | (6937) |
| AB Relative Value Class A Shares | 64 | (452) | (388) | 571 | (1823) | (1252) |
| AB Sustainable Global Thematic Growth Class A Shares | 84738 | (85018) | (280) |  | (392) | (392) |
| American Funds - Asset Allocation Class 2 Shares |  | (1135) | (1135) |  | (684) | (684) |
| American Funds - Growth Class 2 Shares | 361 | (5415) | (5054) | 17 | (4711) | (4694) |
| American Funds - Growth-Income Class 2 Shares |  | (688) | (688) |  | (128) | (128) |
| American Funds - International Class 2 Shares | 483 | (30415) | (29932) | 5741 | (9173) | (3432) |
| American Funds - The Bond Fund of America Class 2 Shares | 3939 | (4021) | (82) | 2415 | (910) | 1505 |
| BlackRock Advantage Large Cap Core V.I. Class I Shares | 9034 | (16870) | (7836) | 4782 | (25688) | (20906) |
| BlackRock Advantage Large Cap Value V.I. Class I Shares | 9699 | (9381) | 318 | 3311 | (22778) | (19467) |
| BlackRock Advantage SMID Cap V.I. Class I Shares | 1967 | (11271) | (9304) | 4464 | (15584) | (11120) |
| BlackRock Basic Value V.I. Class I Shares | 1204 | (21634) | (20430) | 3833 | (19710) | (15877) |
| BlackRock Equity Dividend V.I. Class I Shares | 503 | (3621) | (3118) |  | (223) | (223) |
| BlackRock Global Allocation V.I. Class I Shares | 4645 | (39958) | (35313) | 14297 | (51172) | (36875) |
| BlackRock Government Money Market V.I. Class I Shares | 143136 | (230911) | (87775) | 158267 | (129554) | 28713 |
| BlackRock High Yield V.I. Class I Shares | 5065 | (14589) | (9524) | 5969 | (23183) | (17214) |
| BlackRock International V.I. Class I Shares | 4802 | (27192) | (22390) | 11591 | (28536) | (16945) |
| BlackRock Large Cap Focus Growth V.I. Class I Shares | 1625 | (13737) | (12112) | 5314 | (14419) | (9105) |
| BlackRock Managed Volatility V.I. Class I Shares | 363 | (3792) | (3429) | 7096 | (13344) | (6248) |
| BlackRock S&P 500 Index V.I. Class I Shares | 3414 | (38013) | (34599) | 6878 | (16231) | (9353) |
| BlackRock Total Return V.I. Class I Shares | 23290 | (55114) | (31824) | 24869 | (46057) | (21188) |
| Columbia - Acorn | 2602 | (3454) | (852) | 517 | (2777) | (2260) |
| Columbia - Acorn International | 6882 | (22162) | (15280) | 9921 | (16736) | (6815) |
| Davis Equity | 6806 | (19053) | (12247) | 4599 | (15906) | (11307) |
| Eaton Vance VT Floating-Rate Income | 2627 | (1412) | 1215 | 3009 | (682) | 2327 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| Federated Hermes Kaufmann II Primary Shares | 375 | (5196) | (4821) | 884 | (6170) | (5286) |
| Federated Hermes Managed Volatility II Primary Shares | 26 | (7232) | (7206) | 6 | (507) | (501) |
| Franklin Templeton Foreign Class 2 Shares |  | (186) | (186) |  | (1463) | (1463) |
| Franklin Templeton Growth Class 2 Shares | 52 | (380) | (328) | 81 | (381) | (300) |
| Invesco V.I. American Franchise Series I Shares | 306 | (5383) | (5077) |  | (3818) | (3818) |
| Invesco V.I. American Value Series I Shares |  |  |  |  |  |  |
| Invesco V.I. Comstock Series I Shares | 5693 | (16198) | (10505) | 3344 | (13892) | (10548) |
| Invesco V.I. EQV International Equity Series I Shares | 1453 | (5738) | (4285) | 4173 | (2489) | 1684 |
| Invesco V.I. Main Street Series II Shares |  |  |  |  |  |  |
| Invesco V.I. Main Street Mid Cap Series I Shares | 153 | (13) | 140 | 65 | (2393) | (2328) |
| Janus Henderson - Enterprise Service Shares |  | (3) | (3) |  | (2) | (2) |
| Janus Henderson - Forty Service Shares |  | (135) | (135) |  | (190) | (190) |
| LVIP American Century Ultra Standard Class II Shares | 146 | (684) | (538) | 28386 | (535) | 27851 |
| MFS® Growth Initial Class | 5525 | (32806) | (27281) | 3511 | (13746) | (10235) |
| PIMCO CommodityRealReturn® Strategy Administrative Class | 18194 | (13116) | 5078 | 5415 | (4237) | 1178 |
| PIMCO Low Duration Administrative Class | 7493 | (24099) | (16606) | 14366 | (15735) | (1369) |
| PIMCO Real Return Administrative Class | 10812 | (11375) | (563) | 6494 | (8121) | (1627) |
| PIMCO Total Return Administrative Class | 32726 | (66305) | (33579) | 24174 | (73092) | (48918) |
| TA Aegon Sustainable Equity Income Service Class | 3474 | (30082) | (26608) | 1556 | (20620) | (19064) |
| TA BlackRock iShares Edge 40 Service Class |  |  |  |  |  |  |
| TA International Focus Initial Class | 3889 | (5422) | (1533) | 2402 | (6560) | (4158) |
| TA Janus Balanced Service Class | 43 | (445) | (402) | 138 | (394) | (256) |
| TA Janus Mid-Cap Growth Service Class | 1088 | (6658) | (5570) | 717 | (4106) | (3389) |
| TA JPMorgan Enhanced Index Initial Class | 14973 | (61813) | (46840) | 490027 | (60466) | 429561 |
| TA Morgan Stanley Global Allocation Service Class |  | (1336) | (1336) |  |  |  |
| TA Multi-Managed Balanced Service Class |  | (3853) | (3853) |  | (466) | (466) |
| TA Small/Mid Cap Value Service Class | 2090 | (11072) | (8982) | 1999 | (4950) | (2951) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| TA T. Rowe Price Small Cap Initial Class | 3734 | (4577) | (843) | 1501 | (3178) | (1677) |
| TA TSW International Equity Service Class | 2069 | (402) | 1667 | 194 | (1316) | (1122) |
| TA WMC US Growth Initial Class |  | (4) | (4) |  | (6) | (6) |
| TA WMC US Growth Service Class | 3251 | (13206) | (9955) | 1137 | (10693) | (9556) |
| Victory Pioneer High Yield VCT Class II Shares | 139 | (298) | (159) | 74 | (96) | (22) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| AB Discovery Value Class A Shares | $17013 | $(36212) | $(19199) | $4796 | $(29942) | $(25146) |
| AB International Value Class A Shares |  | (1655) | (1655) | 2020 | (1439) | 581 |
| AB Large Cap Growth Class A Shares | 60914 | (1324889) | (1263975) |  | (681335) | (681335) |
| AB Relative Value Class A Shares | 2785 | (19292) | (16507) | 22884 | (75185) | (52301) |
| AB Sustainable Global Thematic Growth Class A Shares | 1393584 | (1553499) | (159915) |  | (7694) | (7694) |
| American Funds - Asset Allocation Class 2 Shares |  | (39258) | (39258) |  | (21648) | (21648) |
| American Funds - Growth Class 2 Shares | 28046 | (478213) | (450167) | 1137 | (315766) | (314629) |
| American Funds - Growth-Income Class 2 Shares |  | (34661) | (34661) |  | (5950) | (5950) |
| American Funds - International Class 2 Shares | 11011 | (742396) | (731385) | 129922 | (214351) | (84429) |
| American Funds - The Bond Fund of America Class 2 Shares | 49316 | (49829) | (513) | 29121 | (11188) | 17933 |
| BlackRock Advantage Large Cap Core V.I. Class I Shares | 709276 | (2345007) | (1635731) | 617759 | (2423906) | (1806147) |
| BlackRock Advantage Large Cap Value V.I. Class I Shares | 375223 | (432750) | (57527) | 138511 | (1026253) | (887742) |
| BlackRock Advantage SMID Cap V.I. Class I Shares | 251731 | (1475782) | (1224051) | 559838 | (1930000) | (1370162) |
| BlackRock Basic Value V.I. Class I Shares | 105922 | (1836725) | (1730803) | 355373 | (1365114) | (1009741) |
| BlackRock Equity Dividend V.I. Class I Shares | 53608 | (362017) | (308409) |  | (20833) | (20833) |
| BlackRock Global Allocation V.I. Class I Shares | 294308 | (2313211) | (2018903) | 787244 | (2695084) | (1907840) |
| BlackRock Government Money Market V.I. Class I Shares | 2008930 | (3247651) | (1238721) | 2170147 | (1729736) | 440411 |
| BlackRock High Yield V.I. Class I Shares | 232172 | (654082) | (421910) | 247624 | (968719) | (721095) |
| BlackRock International V.I. Class I Shares | 125490 | (709896) | (584406) | 297107 | (707478) | (410371) |
| BlackRock Large Cap Focus Growth V.I. Class I Shares | 103225 | (870666) | (767441) | 293947 | (778181) | (484234) |
| BlackRock Managed Volatility V.I. Class I Shares | 12083 | (121631) | (109548) | 214116 | (408199) | (194083) |
| BlackRock S&P 500 Index V.I. Class I Shares | 301970 | (3305406) | (3003436) | 442687 | (1201548) | (758861) |
| BlackRock Total Return V.I. Class I Shares | 505176 | (1062248) | (557072) | 497159 | (929479) | (432320) |
| Columbia - Acorn | 100443 | (132208) | (31765) | 18767 | (103230) | (84463) |
| Columbia - Acorn International | 114733 | (356455) | (241722) | 149476 | (268106) | (118630) |
| Davis Equity | 281782 | (763326) | (481544) | 170583 | (578795) | (408212) |
| Eaton Vance VT Floating-Rate Income | 43226 | (23243) | 19983 | 47125 | (11007) | 36118 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| Federated Hermes Kaufmann II Primary Shares | 17134 | (249031) | (231897) | 37414 | (258404) | (220990) |
| Federated Hermes Managed Volatility II Primary Shares | $337 | $(99346) | $(99009) | $70 | $(6333) | $(6263) |
| Franklin Templeton Foreign Class 2 Shares |  | (3642) | (3642) |  | (26196) | (26196) |
| Franklin Templeton Growth Class 2 Shares | 1013 | (8255) | (7242) | 1640 | (7469) | (5829) |
| Invesco V.I. American Franchise Series I Shares | 12813 | (260306) | (247493) |  | (153814) | (153814) |
| Invesco V.I. American Value Series I Shares |  |  |  |  |  |  |
| Invesco V.I. Comstock Series I Shares | 242104 | (701599) | (459495) | 135420 | (556607) | (421187) |
| Invesco V.I. EQV International Equity Series I Shares | 27317 | (110965) | (83648) | 71005 | (50000) | 21005 |
| Invesco V.I. Main Street Series II Shares |  |  |  |  |  |  |
| Invesco V.I. Main Street Mid Cap Series I Shares | 5183 | (487) | 4696 | 1984 | (70439) | (68455) |
| Janus Henderson - Enterprise Service Shares |  | (132) | (132) |  | (138) | (138) |
| Janus Henderson - Forty Service Shares |  | (8526) | (8526) |  | (11019) | (11019) |
| LVIP American Century Ultra Standard Class II Shares | 1578 | (8477) | (6899) | 288836 | (6162) | 282674 |
| MFS® Growth Initial Class | 364467 | (1859335) | (1494868) | 239900 | (873280) | (633380) |
| PIMCO CommodityRealReturn® Strategy Administrative Class | 155188 | (115701) | 39487 | 43173 | (35131) | 8042 |
| PIMCO Low Duration Administrative Class | 91895 | (290601) | (198706) | 167357 | (183573) | (16216) |
| PIMCO Real Return Administrative Class | 160933 | (171433) | (10500) | 93987 | (116880) | (22893) |
| PIMCO Total Return Administrative Class | 595225 | (1177898) | (582673) | 399976 | (1237878) | (837902) |
| TA Aegon Sustainable Equity Income Service Class | 62587 | (524303) | (461716) | 24567 | (332825) | (308258) |
| TA BlackRock iShares Edge 40 Service Class |  |  |  |  |  |  |
| TA International Focus Initial Class | 48974 | (70305) | (21331) | 30895 | (83605) | (52710) |
| TA Janus Balanced Service Class | 831 | (8114) | (7283) | 2233 | (6687) | (4454) |
| TA Janus Mid-Cap Growth Service Class | 32815 | (204921) | (172106) | 20240 | (121864) | (101624) |
| TA JPMorgan Enhanced Index Initial Class | 364372 | (1582634) | (1218262) | 10715288 | (1442537) | 9272751 |
| TA Morgan Stanley Global Allocation Service Class |  | (18751) | (18751) |  |  |  |
| TA Multi-Managed Balanced Service Class |  | (71789) | (71789) |  | (7580) | (7580) |
| TA Small/Mid Cap Value Service Class | 65416 | (352230) | (286814) | 59657 | (155206) | (95549) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| TA T. Rowe Price Small Cap Initial Class | 66177 | (84372) | (18195) | 26568 | (55555) | (28987) |
| TA TSW International Equity Service Class | 30247 | (5406) | 24841 | 2387 | (16075) | (13688) |
| TA WMC US Growth Initial Class | $- | $(240) | $(240) | $- | $(220) | $(220) |
| TA WMC US Growth Service Class | 137670 | (650600) | (512930) | 51560 | (465203) | (413643) |
| Victory Pioneer High Yield VCT Class II Shares | 2936 | (6210) | (3274) | 1421 | (1848) | (427) |

---

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

**5.** **Financial Highlights**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
| | |  | |  | | | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | |  | |  | | | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
| | |  | |  | | | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| <br>**Subaccount** | <br>**Units** | | **Unit Fair Value**<br>**Corresponding to**<br>**Lowest to Highest**<br>**Expense Ratio** | | <br>**Net**<br>**Assets** | <br>**Investment**<br>**Income**<br>**Ratio\*** | **Highest** | **Highest** | **Highest** | | **Expense Ratio** | |
| AB Discovery Value Class A Shares | AB Discovery Value Class A Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 4892 | $43.79 | to | $40.22 | $206976 | 0.85% | 1.25% | to | 1.65% | 1.61% | to | 1.20% |
| 12/31/2024 | 5330 | 43.09 | to | 39.74 | 221974 | 0.89 | 1.25 | to | 1.65 | 8.65 | to | 8.21 |
| 12/31/2023 | 5942 | 39.66 | to | 36.73 | 228431 | 1.07 | 1.25 | to | 1.65 | 15.73 | to | 15.27 |
| 12/31/2022 | 5889 | 34.27 | to | 31.86 | 195952 | 0.78 | 1.25 | to | 1.65 | (16.68) | to | (17.01) |
| 12/31/2021 | 6332 | 41.13 | to | 38.39 | 253122 | 0.77 | 1.25 | to | 1.65 | 34.26 | to | 33.72 |
| AB International Value Class A Shares | AB International Value Class A Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1952 | 11.48 | to | 10.65 | 22413 | 2.54 | 1.25 | to | 1.65 | 39.94 | to | 39.38 |
| 12/31/2024 | 2133 | 8.20 | to | 7.64 | 17501 | 2.74 | 1.25 | to | 1.65 | 3.75 | to | 3.34 |
| 12/31/2023 | 2067 | 7.91 | to | 7.39 | 16346 | 0.70 | 1.25 | to | 1.65 | 13.72 | to | 13.27 |
| 12/31/2022 | 8810 | 6.95 | to | 6.53 | 59847 | 3.28 | 1.25 | to | 1.65 | (14.68) | to | (15.02) |
| 12/31/2021 | 9255 | 8.15 | to | 7.68 | 73863 | 2.04 | 1.25 | to | 1.65 | 9.70 | to | 9.27 |
| AB Large Cap Growth Class A Shares | AB Large Cap Growth Class A Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 77670 | 119.73 | to | 41.99 | 8873607 |  | 1.35 | to | 1.59 | 11.62 | to | 11.35 |
| 12/31/2024 | 90865 | 107.27 | to | 37.71 | 9144890 | 0.05 | 1.35 | to | 1.59 | 23.57 | to | 23.27 |
| 12/31/2023 | 97802 | 86.81 | to | 30.59 | 7993533 |  | 1.35 | to | 1.59 | 33.32 | to | 33.00 |
| 12/31/2022 | 106026 | 65.11 | to | 23.00 | 6511742 |  | 1.35 | to | 1.59 | (29.47) | to | (29.64) |
| 12/31/2021 | 112428 | 92.31 | to | 32.68 | 9694972 |  | 1.35 | to | 1.59 | 27.24 | to | 26.94 |
| AB Relative Value Class A Shares | AB Relative Value Class A Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 12204 | 46.26 | to | 44.93 | 551402 | 1.10 | 1.25 | to | 1.65 | 9.10 | to | 8.66 |
| 12/31/2024 | 12592 | 42.40 | to | 41.35 | 523164 | 1.45 | 1.25 | to | 1.65 | 11.61 | to | 11.16 |
| 12/31/2023 | 13844 | 37.99 | to | 37.19 | 516977 | 1.52 | 1.25 | to | 1.65 | 10.64 | to | 10.20 |
| 12/31/2022 | 14112 | 34.34 | to | 33.75 | 477856 | 1.20 | 1.25 | to | 1.65 | (5.38) | to | (5.76) |
| 12/31/2021 | 20038 | 36.29 | to | 35.81 | 719235 | 0.82 | 1.25 | to | 1.65 | 26.57 | to | 26.06 |
| AB Sustainable Global Thematic Growth Class A Shares | AB Sustainable Global Thematic Growth Class A Shares | AB Sustainable Global Thematic Growth Class A Shares | AB Sustainable Global Thematic Growth Class A Shares | AB Sustainable Global Thematic Growth Class A Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 183643 | 20.49 | to | 20.49 | 3762770 |  | 1.35 | to | 1.35 | 4.90 | to | 4.90 |
| 12/31/2024 | 183923 | 19.53 | to | 19.53 | 3592588 |  | 1.35 | to | 1.35 | 4.78 | to | 4.78 |
| 12/31/2023 | 184315 | 18.64 | to | 18.64 | 3436012 | 0.29 | 1.35 | to | 1.35 | 14.46 | to | 14.46 |
| 12/31/2022 | 185020 | 16.29 | to | 16.29 | 3013441 |  | 1.35 | to | 1.35 | (27.96) | to | (27.96) |
| 12/31/2021 | 185447 | 22.61 | to | 22.61 | 4192808 |  | 1.35 | to | 1.35 | 21.22 | to | 21.22 |
| American Funds - Asset Allocation Class 2 Shares | American Funds - Asset Allocation Class 2 Shares | American Funds - Asset Allocation Class 2 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 15158 | 40.53 | to | 37.23 | 564301 | 2.02 | 1.40 | to | 1.80 | 14.24 | to | 13.79 |
| 12/31/2024 | 16293 | 35.47 | to | 32.72 | 534057 | 2.19 | 1.40 | to | 1.80 | 14.81 | to | 14.35 |
| 12/31/2023 | 16977 | 30.90 | to | 28.61 | 486633 | 2.26 | 1.40 | to | 1.80 | 12.69 | to | 12.24 |
| 12/31/2022 | 17086 | 27.42 | to | 25.49 | 436388 | 1.31 | 1.40 | to | 1.80 | (14.61) | to | (14.95) |
| 12/31/2021 | 20371 | 32.11 | to | 29.97 | 614580 | 1.51 | 1.40 | to | 1.80 | 13.50 | to | 13.05 |
| American Funds - Growth Class 2 Shares | American Funds - Growth Class 2 Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 25026 | 97.39 | to | 89.46 | 2336531 | 0.16 | 1.40 | to | 1.80 | 18.56 | to | 18.09 |
| 12/31/2024 | 30080 | 82.14 | to | 75.76 | 2369803 | 0.34 | 1.40 | to | 1.80 | 29.79 | to | 29.27 |
| 12/31/2023 | 34774 | 63.29 | to | 58.61 | 2109692 | 0.36 | 1.40 | to | 1.80 | 36.56 | to | 36.02 |
| 12/31/2022 | 41032 | 46.35 | to | 43.09 | 1827966 | 0.23 | 1.40 | to | 1.80 | (30.91) | to | (31.19) |
| 12/31/2021 | 41439 | 67.08 | to | 62.62 | 2679210 | 0.21 | 1.40 | to | 1.80 | 20.29 | to | 19.81 |
| American Funds - Growth-Income Class 2 Shares | American Funds - Growth-Income Class 2 Shares | American Funds - Growth-Income Class 2 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 13663 | 59.51 | to | 54.66 | 782682 | 0.92 | 1.40 | to | 1.80 | 16.42 | to | 15.96 |
| 12/31/2024 | 14351 | 51.11 | to | 47.14 | 708251 | 1.12 | 1.40 | to | 1.80 | 22.49 | to | 22.00 |
| 12/31/2023 | 14479 | 41.73 | to | 38.64 | 584373 | 1.37 | 1.40 | to | 1.80 | 24.39 | to | 23.90 |
| 12/31/2022 | 15842 | 33.55 | to | 31.19 | 513283 | 0.89 | 1.40 | to | 1.80 | (17.65) | to | (17.98) |
| 12/31/2021 | 19030 | 40.74 | to | 38.02 | 750616 | 1.11 | 1.40 | to | 1.80 | 22.37 | to | 21.88 |

---

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
| | |  | |  | | | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | |  | |  | | | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
| | |  | |  | | | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| <br>**Subaccount** | <br>**Units** | | **Unit Fair Value**<br>**Corresponding to**<br>**Lowest to Highest**<br>**Expense Ratio** | | <br>**Net**<br>**Assets** | <br>**Investment**<br>**Income**<br>**Ratio\*** | **Highest** | **Highest** | **Highest** | | **Expense Ratio** | |
| American Funds - International Class 2 Shares | American Funds - International Class 2 Shares | American Funds - International Class 2 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 60270 | $29.09 | to | $26.72 | $1680165 | 1.20% | 1.40% | to | 1.80% | 25.00% | to | 24.51% |
| 12/31/2024 | 90202 | 23.27 | to | 21.46 | 2005188 | 1.16 | 1.40 | to | 1.80 | 1.72 | to | 1.31 |
| 12/31/2023 | 93634 | 22.88 | to | 21.19 | 2052765 | 1.31 | 1.40 | to | 1.80 | 14.24 | to | 13.78 |
| 12/31/2022 | 100530 | 20.03 | to | 18.62 | 1933537 | 1.26 | 1.40 | to | 1.80 | (21.89) | to | (22.20) |
| 12/31/2021 | 106549 | 25.64 | to | 23.93 | 2630840 | 2.38 | 1.40 | to | 1.80 | (2.87) | to | (3.25) |
| American Funds - The Bond Fund of America Class 2 Shares | American Funds - The Bond Fund of America Class 2 Shares | American Funds - The Bond Fund of America Class 2 Shares | American Funds - The Bond Fund of America Class 2 Shares | American Funds - The Bond Fund of America Class 2 Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 21716 | 13.49 | to | 12.39 | 278454 | 4.28 | 1.40 | to | 1.80 | 5.77 | to | 5.35 |
| 12/31/2024 | 21798 | 12.75 | to | 11.76 | 264781 | 4.22 | 1.40 | to | 1.80 | (0.26) | to | (0.66) |
| 12/31/2023 | 20293 | 12.78 | to | 11.84 | 247728 | 2.93 | 1.40 | to | 1.80 | 3.56 | to | 3.15 |
| 12/31/2022 | 28499 | 12.34 | to | 11.48 | 337065 | 2.05 | 1.40 | to | 1.80 | (13.79) | to | (14.14) |
| 12/31/2021 | 32191 | 14.32 | to | 13.37 | 443820 | 1.35 | 1.40 | to | 1.80 | (1.69) | to | (2.09) |
| BlackRock Advantage Large Cap Core V.I. Class I Shares | BlackRock Advantage Large Cap Core V.I. Class I Shares | BlackRock Advantage Large Cap Core V.I. Class I Shares | BlackRock Advantage Large Cap Core V.I. Class I Shares | BlackRock Advantage Large Cap Core V.I. Class I Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 120788 | 66.61 | to | 61.19 | 17362493 | 0.52 | 1.25 | to | 1.65 | 18.56 | to | 18.09 |
| 12/31/2024 | 128624 | 56.18 | to | 51.81 | 16205217 | 0.71 | 1.25 | to | 1.65 | 23.88 | to | 23.38 |
| 12/31/2023 | 149530 | 45.35 | to | 42.00 | 14631788 | 0.85 | 1.25 | to | 1.65 | 23.68 | to | 23.19 |
| 12/31/2022 | 164894 | 36.67 | to | 34.09 | 13152322 | 0.88 | 1.25 | to | 1.65 | (20.98) | to | (21.30) |
| 12/31/2021 | 190959 | 46.40 | to | 43.32 | 19662062 | 1.48 | 1.25 | to | 1.65 | 26.85 | to | 26.34 |
| BlackRock Advantage Large Cap Value V.I. Class I Shares | BlackRock Advantage Large Cap Value V.I. Class I Shares | BlackRock Advantage Large Cap Value V.I. Class I Shares | BlackRock Advantage Large Cap Value V.I. Class I Shares | BlackRock Advantage Large Cap Value V.I. Class I Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 72059 | 46.00 | to | 42.26 | 3742173 | 1.30 | 1.25 | to | 1.65 | 16.91 | to | 16.44 |
| 12/31/2024 | 71741 | 39.35 | to | 36.29 | 3249629 | 1.37 | 1.25 | to | 1.65 | 14.87 | to | 14.41 |
| 12/31/2023 | 91208 | 34.25 | to | 31.72 | 3607894 | 1.53 | 1.25 | to | 1.65 | 12.29 | to | 11.85 |
| 12/31/2022 | 109073 | 30.50 | to | 28.36 | 3803714 | 1.61 | 1.25 | to | 1.65 | (9.30) | to | (9.66) |
| 12/31/2021 | 112341 | 33.63 | to | 31.39 | 4318662 | 1.61 | 1.25 | to | 1.65 | 24.95 | to | 24.45 |
| BlackRock Advantage SMID Cap V.I. Class I Shares | BlackRock Advantage SMID Cap V.I. Class I Shares | BlackRock Advantage SMID Cap V.I. Class I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 66971 | 46.29 | to | 42.53 | 9181946 | 0.81 | 1.25 | to | 1.65 | 9.73 | to | 9.30 |
| 12/31/2024 | 76275 | 42.19 | to | 38.91 | 9626467 | 0.74 | 1.25 | to | 1.65 | 10.66 | to | 10.21 |
| 12/31/2023 | 87395 | 38.13 | to | 35.30 | 9983316 | 0.93 | 1.25 | to | 1.65 | 17.41 | to | 16.94 |
| 12/31/2022 | 102286 | 32.47 | to | 30.19 | 9848612 | 0.90 | 1.25 | to | 1.65 | (17.51) | to | (17.84) |
| 12/31/2021 | 109023 | 39.37 | to | 36.74 | 12790625 | 0.86 | 1.25 | to | 1.65 | 12.23 | to | 11.78 |
| BlackRock Basic Value V.I. Class I Shares | BlackRock Basic Value V.I. Class I Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 122339 | 44.38 | to | 40.77 | 13834431 | 2.01 | 1.25 | to | 1.65 | 22.84 | to | 22.35 |
| 12/31/2024 | 142769 | 36.13 | to | 33.32 | 12841211 | 2.01 | 1.25 | to | 1.65 | 9.00 | to | 8.56 |
| 12/31/2023 | 158646 | 33.15 | to | 30.70 | 12725271 | 1.75 | 1.25 | to | 1.65 | 15.17 | to | 14.71 |
| 12/31/2022 | 181328 | 28.78 | to | 26.76 | 12505672 | 1.35 | 1.25 | to | 1.65 | (6.10) | to | (6.47) |
| 12/31/2021 | 209247 | 30.65 | to | 28.61 | 14892776 | 1.24 | 1.25 | to | 1.65 | 20.16 | to | 19.68 |
| BlackRock Equity Dividend V.I. Class I Shares | BlackRock Equity Dividend V.I. Class I Shares | BlackRock Equity Dividend V.I. Class I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 8209 | 113.46 | to | 113.46 | 931401 | 2.16 | 1.35 | to | 1.35 | 19.92 | to | 19.92 |
| 12/31/2024 | 11327 | 94.61 | to | 94.61 | 1071675 | 2.55 | 1.35 | to | 1.35 | 8.58 | to | 8.58 |
| 12/31/2023 | 11550 | 87.14 | to | 87.14 | 1006491 | 2.04 | 1.35 | to | 1.35 | 10.74 | to | 10.74 |
| 12/31/2022 | 12477 | 78.69 | to | 78.69 | 981867 | 1.68 | 1.35 | to | 1.35 | (5.13) | to | (5.13) |
| 12/31/2021 | 12574 | 82.95 | to | 82.95 | 1043043 | 1.53 | 1.35 | to | 1.35 | 18.93 | to | 18.93 |
| BlackRock Global Allocation V.I. Class I Shares | BlackRock Global Allocation V.I. Class I Shares | BlackRock Global Allocation V.I. Class I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 242866 | 34.98 | to | 32.14 | 14993416 | 3.39 | 1.25 | to | 1.65 | 18.31 | to | 17.84 |
| 12/31/2024 | 278179 | 29.57 | to | 27.27 | 14622819 | 1.29 | 1.25 | to | 1.65 | 7.87 | to | 7.44 |
| 12/31/2023 | 315054 | 27.41 | to | 25.39 | 15390734 | 2.18 | 1.25 | to | 1.65 | 11.43 | to | 10.99 |
| 12/31/2022 | 343097 | 24.60 | to | 22.87 | 15145637 |  | 1.25 | to | 1.65 | (16.90) | to | (17.23) |
| 12/31/2021 | 382676 | 29.60 | to | 27.63 | 20433926 | 0.90 | 1.25 | to | 1.65 | 5.35 | to | 4.93 |
| BlackRock Government Money Market V.I. Class I Shares | BlackRock Government Money Market V.I. Class I Shares | BlackRock Government Money Market V.I. Class I Shares | BlackRock Government Money Market V.I. Class I Shares | BlackRock Government Money Market V.I. Class I Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 504853 | 10.83 | to | 9.95 | 6983502 | 4.00 | 1.25 | to | 1.65 | 2.77 | to | 2.36 |
| 12/31/2024 | 592628 | 10.54 | to | 9.72 | 8009930 | 4.89 | 1.25 | to | 1.65 | 3.70 | to | 3.29 |
| 12/31/2023 | 563915 | 10.17 | to | 9.41 | 7301207 | 4.79 | 1.25 | to | 1.65 | 3.55 | to | 3.14 |
| 12/31/2022 | 453505 | 9.82 | to | 9.13 | 5784634 | 1.35 | 1.25 | to | 1.65 | 0.15 | to | (0.25) |
| 12/31/2021 | 492902 | 9.80 | to | 9.15 | 6273958 |  | 1.25 | to | 1.65 | (1.24) | to | (1.63) |

---

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
| | |  | |  | | | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | |  | |  | | | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
| | |  | |  | | | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| <br>**Subaccount** | <br>**Units** | | **Unit Fair Value**<br>**Corresponding to**<br>**Lowest to Highest**<br>**Expense Ratio** | | <br>**Net**<br>**Assets** | <br>**Investment**<br>**Income**<br>**Ratio\*** | **Highest** | **Highest** | **Highest** | | **Expense Ratio** | |
| BlackRock High Yield V.I. Class I Shares | BlackRock High Yield V.I. Class I Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 74759 | $27.88 | to | $25.61 | $3196699 | 6.74% | 1.25% | to | 1.65% | 7.83% | to | 7.40% |
| 12/31/2024 | 84283 | 25.86 | to | 23.85 | 3374494 | 6.95 | 1.25 | to | 1.65 | 6.91 | to | 6.49 |
| 12/31/2023 | 101497 | 24.18 | to | 22.40 | 3857861 | 6.56 | 1.25 | to | 1.65 | 11.79 | to | 11.34 |
| 12/31/2022 | 107469 | 21.63 | to | 20.11 | 3691849 | 4.83 | 1.25 | to | 1.65 | (11.45) | to | (11.81) |
| 12/31/2021 | 118903 | 24.43 | to | 22.81 | 4527498 | 4.52 | 1.25 | to | 1.65 | 4.02 | to | 3.60 |
| BlackRock International V.I. Class I Shares | BlackRock International V.I. Class I Shares | BlackRock International V.I. Class I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 121279 | 23.39 | to | 21.49 | 3393302 | 1.47 | 1.25 | to | 1.65 | 14.10 | to | 13.64 |
| 12/31/2024 | 143669 | 20.50 | to | 18.91 | 3526699 | 0.55 | 1.25 | to | 1.65 | (0.88) | to | (1.28) |
| 12/31/2023 | 160614 | 20.68 | to | 19.15 | 3968249 | 0.86 | 1.25 | to | 1.65 | 17.55 | to | 17.08 |
| 12/31/2022 | 171049 | 17.59 | to | 16.36 | 3603236 | 0.80 | 1.25 | to | 1.65 | (25.55) | to | (25.85) |
| 12/31/2021 | 181167 | 23.63 | to | 22.06 | 5152175 | 0.64 | 1.25 | to | 1.65 | 7.33 | to | 6.90 |
| BlackRock Large Cap Focus Growth V.I. Class I Shares | BlackRock Large Cap Focus Growth V.I. Class I Shares | BlackRock Large Cap Focus Growth V.I. Class I Shares | BlackRock Large Cap Focus Growth V.I. Class I Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 83240 | 80.64 | to | 74.08 | 5574553 |  | 1.25 | to | 1.65 | 10.41 | to | 9.97 |
| 12/31/2024 | 95352 | 73.03 | to | 67.36 | 5808220 |  | 1.25 | to | 1.65 | 30.06 | to | 29.54 |
| 12/31/2023 | 104457 | 56.15 | to | 52.00 | 4897202 |  | 1.25 | to | 1.65 | 50.97 | to | 50.37 |
| 12/31/2022 | 114450 | 37.19 | to | 34.58 | 3555942 |  | 1.25 | to | 1.65 | (38.88) | to | (39.12) |
| 12/31/2021 | 122627 | 60.85 | to | 56.80 | 6237977 |  | 1.25 | to | 1.65 | 16.62 | to | 16.16 |
| BlackRock Managed Volatility V.I. Class I Shares | BlackRock Managed Volatility V.I. Class I Shares | BlackRock Managed Volatility V.I. Class I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 27555 | 33.12 | to | 33.12 | 912696 | 1.85 | 1.35 | to | 1.35 | 4.56 | to | 4.56 |
| 12/31/2024 | 30984 | 31.68 | to | 31.68 | 981516 | 0.24 | 1.35 | to | 1.35 | 10.49 | to | 10.49 |
| 12/31/2023 | 37232 | 28.67 | to | 28.67 | 1067523 | 8.22 | 1.35 | to | 1.35 | 1.81 | to | 1.81 |
| 12/31/2022 | 42115 | 28.16 | to | 28.16 | 1185999 |  | 1.35 | to | 1.35 | 4.79 | to | 4.79 |
| 12/31/2021 | 43430 | 26.87 | to | 26.87 | 1167151 | 0.68 | 1.35 | to | 1.35 | (0.67) | to | (0.67) |
| BlackRock S&P 500 Index V.I. Class I Shares | BlackRock S&P 500 Index V.I. Class I Shares | BlackRock S&P 500 Index V.I. Class I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 337624 | 67.25 | to | 61.78 | 29817817 | 1.15 | 1.25 | to | 1.65 | 16.26 | to | 15.80 |
| 12/31/2024 | 372223 | 57.85 | to | 53.35 | 28572456 | 1.30 | 1.25 | to | 1.65 | 23.28 | to | 22.78 |
| 12/31/2023 | 381576 | 46.93 | to | 43.45 | 23872975 | 1.39 | 1.25 | to | 1.65 | 24.66 | to | 24.16 |
| 12/31/2022 | 390603 | 37.64 | to | 35.00 | 19617519 | 1.39 | 1.25 | to | 1.65 | (19.24) | to | (19.57) |
| 12/31/2021 | 401912 | 46.61 | to | 43.51 | 25037938 | 1.31 | 1.25 | to | 1.65 | 26.94 | to | 26.43 |
| BlackRock Total Return V.I. Class I Shares | BlackRock Total Return V.I. Class I Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 224577 | 14.65 | to | 13.45 | 4719301 | 4.43 | 1.25 | to | 1.65 | 6.66 | to | 6.23 |
| 12/31/2024 | 256401 | 13.73 | to | 12.66 | 4965458 | 4.46 | 1.25 | to | 1.65 | 0.12 | to | (0.28) |
| 12/31/2023 | 277589 | 13.72 | to | 12.70 | 5394423 | 3.89 | 1.25 | to | 1.65 | 4.51 | to | 4.10 |
| 12/31/2022 | 305560 | 13.12 | to | 12.20 | 5854295 | 2.16 | 1.25 | to | 1.65 | (15.12) | to | (15.46) |
| 12/31/2021 | 338021 | 15.46 | to | 14.43 | 7588945 | 1.68 | 1.25 | to | 1.65 | (2.66) | to | (3.05) |
| Columbia - Acorn |  |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 10049 | 43.53 | to | 39.99 | 417835 |  | 1.25 | to | 1.65 | 3.17 | to | 2.76 |
| 12/31/2024 | 10901 | 42.19 | to | 38.91 | 437892 |  | 1.25 | to | 1.65 | 12.75 | to | 12.30 |
| 12/31/2023 | 13161 | 37.42 | to | 34.65 | 469031 |  | 1.25 | to | 1.65 | 20.23 | to | 19.75 |
| 12/31/2022 | 17160 | 31.13 | to | 28.94 | 511071 |  | 1.25 | to | 1.65 | (34.29) | to | (34.55) |
| 12/31/2021 | 16652 | 47.37 | to | 44.21 | 756576 | 0.75 | 1.25 | to | 1.65 | 7.55 | to | 7.12 |
| Columbia - Acorn International | Columbia - Acorn International |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 48758 | 16.99 | to | 15.76 | 796782 | 1.22 | 1.25 | to | 1.65 | 11.36 | to | 10.91 |
| 12/31/2024 | 64038 | 15.26 | to | 14.21 | 937318 | 1.36 | 1.25 | to | 1.65 | (9.40) | to | (9.76) |
| 12/31/2023 | 70853 | 16.84 | to | 15.75 | 1143729 | 0.33 | 1.25 | to | 1.65 | 15.51 | to | 15.05 |
| 12/31/2022 | 72786 | 14.58 | to | 13.69 | 1020239 | 0.66 | 1.25 | to | 1.65 | (34.67) | to | (34.93) |
| 12/31/2021 | 66557 | 22.32 | to | 21.04 | 1431674 | 0.56 | 1.25 | to | 1.65 | 17.33 | to | 16.87 |
| Davis Equity |  |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 93357 | 49.09 | to | 45.09 | 4427382 | 1.03 | 1.25 | to | 1.65 | 25.66 | to | 25.16 |
| 12/31/2024 | 105604 | 39.06 | to | 36.03 | 3974130 | 1.06 | 1.25 | to | 1.65 | 16.58 | to | 16.11 |
| 12/31/2023 | 116911 | 33.51 | to | 31.03 | 3774366 | 1.31 | 1.25 | to | 1.65 | 30.99 | to | 30.47 |
| 12/31/2022 | 138296 | 25.58 | to | 23.78 | 3410072 | 1.17 | 1.25 | to | 1.65 | (21.12) | to | (21.44) |
| 12/31/2021 | 147447 | 32.43 | to | 30.27 | 4617478 | 0.58 | 1.25 | to | 1.65 | 16.39 | to | 15.92 |

---

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
| | |  | |  | | | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | |  | |  | | | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
| | |  | |  | | | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| <br>**Subaccount** | <br>**Units** | | **Unit Fair Value**<br>**Corresponding to**<br>**Lowest to Highest**<br>**Expense Ratio** | | <br>**Net**<br>**Assets** | <br>**Investment**<br>**Income**<br>**Ratio\*** | **Highest** | **Highest** | **Highest** | | **Expense Ratio** | |
| Eaton Vance VT Floating-Rate Income | Eaton Vance VT Floating-Rate Income |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 38298 | $17.74 | to | $16.29 | $631716 | 6.71% | 1.15% | to | 1.55% | 2.77% | to | 2.36% |
| 12/31/2024 | 37083 | 17.26 | to | 15.92 | 597415 | 7.87 | 1.15 | to | 1.55 | 6.44 | to | 6.02 |
| 12/31/2023 | 34756 | 16.21 | to | 15.01 | 528040 | 8.19 | 1.15 | to | 1.55 | 9.94 | to | 9.51 |
| 12/31/2022 | 41950 | 14.75 | to | 13.71 | 584058 | 3.24 | 1.15 | to | 1.55 | (3.85) | to | (4.23) |
| 12/31/2021 | 51667 | 15.34 | to | 14.32 | 750325 | 2.90 | 1.15 | to | 1.55 | 2.44 | to | 2.03 |
| Federated Hermes Kaufmann II Primary Shares | Federated Hermes Kaufmann II Primary Shares | Federated Hermes Kaufmann II Primary Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 17429 | 51.58 | to | 47.38 | 861640 |  | 1.25 | to | 1.65 | 10.14 | to | 9.70 |
| 12/31/2024 | 22250 | 46.83 | to | 43.19 | 999087 | 0.89 | 1.25 | to | 1.65 | 15.59 | to | 15.13 |
| 12/31/2023 | 27536 | 40.52 | to | 37.52 | 1068808 |  | 1.25 | to | 1.65 | 13.80 | to | 13.35 |
| 12/31/2022 | 30745 | 35.60 | to | 33.10 | 1048561 |  | 1.25 | to | 1.65 | (30.96) | to | (31.23) |
| 12/31/2021 | 33142 | 51.57 | to | 48.14 | 1639600 |  | 1.25 | to | 1.65 | 1.24 | to | 0.83 |
| Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Primary Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 3894 | 14.03 | to | 13.63 | 54157 | 3.09 | 1.25 | to | 1.65 | 5.71 | to | 5.28 |
| 12/31/2024 | 11100 | 13.28 | to | 12.94 | 145790 | 2.20 | 1.25 | to | 1.65 | 14.11 | to | 13.66 |
| 12/31/2023 | 11601 | 11.63 | to | 11.39 | 133752 | 1.89 | 1.25 | to | 1.65 | 7.34 | to | 6.91 |
| 12/31/2022 | 12236 | 10.84 | to | 10.65 | 131657 | 1.51 | 1.25 | to | 1.65 | (14.82) | to | (15.16) |
| 12/31/2021 | 12678 | 12.73 | to | 12.56 | 160426 | 1.78 | 1.25 | to | 1.65 | 17.04 | to | 16.57 |
| Franklin Templeton Foreign Class 2 Shares | Franklin Templeton Foreign Class 2 Shares | Franklin Templeton Foreign Class 2 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 5621 | 22.99 | to | 21.11 | 125133 | 2.32 | 1.15 | to | 1.55 | 27.72 | to | 27.21 |
| 12/31/2024 | 5807 | 18.00 | to | 16.60 | 101368 | 2.22 | 1.15 | to | 1.55 | (2.14) | to | (2.53) |
| 12/31/2023 | 7270 | 18.39 | to | 17.03 | 128815 | 3.13 | 1.15 | to | 1.55 | 19.38 | to | 18.91 |
| 12/31/2022 | 10207 | 15.40 | to | 14.32 | 151761 | 2.20 | 1.15 | to | 1.55 | (8.66) | to | (9.02) |
| 12/31/2021 | 10443 | 16.87 | to | 15.74 | 170343 | 1.62 | 1.15 | to | 1.55 | 2.97 | to | 2.56 |
| Franklin Templeton Growth Class 2 Shares | Franklin Templeton Growth Class 2 Shares | Franklin Templeton Growth Class 2 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 2253 | 25.41 | to | 23.34 | 53360 | 0.89 | 1.15 | to | 1.55 | 22.41 | to | 21.92 |
| 12/31/2024 | 2581 | 20.76 | to | 19.14 | 50101 | 0.93 | 1.15 | to | 1.55 | 4.19 | to | 3.77 |
| 12/31/2023 | 2881 | 19.92 | to | 18.45 | 53801 | 3.09 | 1.15 | to | 1.55 | 19.63 | to | 19.15 |
| 12/31/2022 | 7165 | 16.65 | to | 15.48 | 113765 | 0.11 | 1.15 | to | 1.55 | (12.51) | to | (12.86) |
| 12/31/2021 | 7180 | 19.03 | to | 17.77 | 130722 | 1.10 | 1.15 | to | 1.55 | 3.67 | to | 3.26 |
| Invesco V.I. American Franchise Series I Shares | Invesco V.I. American Franchise Series I Shares | Invesco V.I. American Franchise Series I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 23650 | 51.73 | to | 29.43 | 1201839 |  | 1.35 | to | 1.59 | 10.17 | to | 9.90 |
| 12/31/2024 | 28727 | 46.95 | to | 26.78 | 1329334 |  | 1.35 | to | 1.59 | 33.07 | to | 32.75 |
| 12/31/2023 | 32545 | 35.28 | to | 20.17 | 1133756 |  | 1.35 | to | 1.59 | 39.04 | to | 38.71 |
| 12/31/2022 | 34395 | 25.38 | to | 14.54 | 862357 |  | 1.35 | to | 1.59 | (32.04) | to | (32.20) |
| 12/31/2021 | 43906 | 37.34 | to | 21.45 | 1621286 |  | 1.35 | to | 1.59 | 10.43 | to | 10.16 |
| Invesco V.I. American Value Series I Shares | Invesco V.I. American Value Series I Shares | Invesco V.I. American Value Series I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 |  | 17.76 | to | 17.43 |  |  | 1.25 | to | 1.65 | 19.50 | to | 19.02 |
| 12/31/2024 |  | 14.86 | to | 14.65 |  |  | 1.25 | to | 1.65 | 28.78 | to | 28.27 |
| 12/31/2023 |  | 11.54 | to | 11.42 |  |  | 1.25 | to | 1.65 | 14.17 | to | 13.71 |
| 12/31/2022 |  | 10.11 | to | 10.04 |  |  | 1.25 | to | 1.65 | (3.82) | to | (4.20) |
| 12/31/2021<sup>(1)</sup> |  | 10.51 | to | 10.48 |  |  | 1.25 | to | 1.65 |  | to |  |
| Invesco V.I. Comstock Series I Shares | Invesco V.I. Comstock Series I Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 79352 | 48.49 | to | 44.54 | 3838192 | 1.67 | 1.25 | to | 1.65 | 15.99 | to | 15.52 |
| 12/31/2024 | 89857 | 41.81 | to | 38.56 | 3739494 | 1.70 | 1.25 | to | 1.65 | 13.74 | to | 13.28 |
| 12/31/2023 | 100405 | 36.76 | to | 34.04 | 3681724 | 1.82 | 1.25 | to | 1.65 | 10.97 | to | 10.53 |
| 12/31/2022 | 116156 | 33.12 | to | 30.79 | 3833950 | 1.42 | 1.25 | to | 1.65 | (0.13) | to | (0.53) |
| 12/31/2021 | 127445 | 33.17 | to | 30.96 | 4209470 | 1.72 | 1.25 | to | 1.65 | 31.70 | to | 31.18 |
| Invesco V.I. EQV International Equity Series I Shares | Invesco V.I. EQV International Equity Series I Shares | Invesco V.I. EQV International Equity Series I Shares | Invesco V.I. EQV International Equity Series I Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 25776 | 34.41 | to | 19.08 | 511661 | 1.38 | 1.55 | to | 1.59 | 14.71 | to | 14.66 |
| 12/31/2024 | 30061 | 30.00 | to | 16.64 | 522251 | 1.76 | 1.55 | to | 1.59 | (0.94) | to | (0.98) |
| 12/31/2023 | 28377 | 30.28 | to | 16.80 | 504807 | 0.20 | 1.55 | to | 1.59 | 16.33 | to | 16.29 |
| 12/31/2022 | 29912 | 26.03 | to | 14.45 | 462300 | 1.75 | 1.55 | to | 1.59 | (19.56) | to | (19.59) |
| 12/31/2021 | 30909 | 32.36 | to | 17.97 | 599264 | 1.28 | 1.55 | to | 1.59 | 4.26 | to | 4.22 |

---

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
| | |  | |  | | | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | |  | |  | | | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
| | |  | |  | | | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| <br>**Subaccount** | <br>**Units** | | **Unit Fair Value**<br>**Corresponding to**<br>**Lowest to Highest**<br>**Expense Ratio** | | <br>**Net**<br>**Assets** | <br>**Investment**<br>**Income**<br>**Ratio\*** | **Highest** | **Highest** | **Highest** | | **Expense Ratio** | |
| Invesco V.I. Main Street Series II Shares | Invesco V.I. Main Street Series II Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 |  | $54.08 | to | $49.68 | $- | -% | 1.15% | to | 1.55% | 14.32% | to | 13.86% |
| 12/31/2024 |  | 47.31 | to | 43.63 |  |  | 1.15 | to | 1.55 | 21.97 | to | 21.49 |
| 12/31/2023 |  | 38.78 | to | 35.91 |  |  | 1.15 | to | 1.55 | 21.43 | to | 20.95 |
| 12/31/2022 | 1274 | 31.94 | to | 29.69 | 37820 | 0.80 | 1.15 | to | 1.55 | (21.22) | to | (21.53) |
| 12/31/2021 | 1372 | 40.54 | to | 37.84 | 51929 | 0.51 | 1.15 | to | 1.55 | 25.78 | to | 25.28 |
| Invesco V.I. Main Street Mid Cap Series I Shares | Invesco V.I. Main Street Mid Cap Series I Shares | Invesco V.I. Main Street Mid Cap Series I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 2300 | 37.89 | to | 34.81 | 81699 | 0.33 | 1.25 | to | 1.65 | 7.84 | to | 7.41 |
| 12/31/2024 | 2160 | 35.14 | to | 32.41 | 71448 | 0.27 | 1.25 | to | 1.65 | 15.61 | to | 15.14 |
| 12/31/2023 | 4488 | 30.39 | to | 28.15 | 127756 | 0.29 | 1.25 | to | 1.65 | 13.05 | to | 12.60 |
| 12/31/2022 | 4596 | 26.89 | to | 25.00 | 116080 | 0.25 | 1.25 | to | 1.65 | (15.32) | to | (15.66) |
| 12/31/2021 | 4751 | 31.75 | to | 29.64 | 142206 | 0.40 | 1.25 | to | 1.65 | 21.71 | to | 21.23 |
| Janus Henderson - Enterprise Service Shares | Janus Henderson - Enterprise Service Shares | Janus Henderson - Enterprise Service Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1045 | 55.39 | to | 51.37 | 55788 | 0.18 | 1.15 | to | 1.55 | 6.19 | to | 5.76 |
| 12/31/2024 | 1048 | 52.16 | to | 48.58 | 52772 | 0.63 | 1.15 | to | 1.55 | 14.00 | to | 13.54 |
| 12/31/2023 | 1050 | 45.76 | to | 42.78 | 46505 | 0.09 | 1.15 | to | 1.55 | 16.43 | to | 15.97 |
| 12/31/2022 | 1053 | 39.30 | to | 36.89 | 40141 | 0.19 | 1.15 | to | 1.55 | (17.11) | to | (17.44) |
| 12/31/2021 | 1057 | 47.41 | to | 44.68 | 48676 | 0.24 | 1.15 | to | 1.55 | 15.21 | to | 14.75 |
| Janus Henderson - Forty Service Shares | Janus Henderson - Forty Service Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 3836 | 76.19 | to | 70.67 | 275844 | 0.26 | 1.15 | to | 1.55 | 16.51 | to | 16.05 |
| 12/31/2024 | 3971 | 65.39 | to | 60.89 | 245838 | 0.01 | 1.15 | to | 1.55 | 26.67 | to | 26.16 |
| 12/31/2023 | 4161 | 51.62 | to | 48.27 | 204108 | 0.12 | 1.15 | to | 1.55 | 38.06 | to | 37.51 |
| 12/31/2022 | 4407 | 37.39 | to | 35.10 | 157199 | 0.04 | 1.15 | to | 1.55 | (34.49) | to | (34.75) |
| 12/31/2021 | 4489 | 57.08 | to | 53.79 | 244878 | 0.53 | 1.15 | to | 1.55 | 21.20 | to | 20.72 |
| LVIP American Century Ultra Standard Class II Shares | LVIP American Century Ultra Standard Class II Shares | LVIP American Century Ultra Standard Class II Shares | LVIP American Century Ultra Standard Class II Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 27313 | 13.42 | to | 13.33 | 366003 |  | 1.25 | to | 1.65 | 11.44 | to | 11.00 |
| 12/31/2024<sup>(1)</sup> | 27851 | 12.05 | to | 12.01 | 335264 |  | 1.25 | to | 1.65 |  | to |  |
| MFS® Growth Initial Class | MFS® Growth Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 65394 | 113.56 | to | 37.95 | 5865949 |  | 1.35 | to | 1.59 | 10.69 | to | 10.43 |
| 12/31/2024 | 92675 | 102.59 | to | 34.36 | 6720496 |  | 1.35 | to | 1.59 | 29.69 | to | 29.38 |
| 12/31/2023 | 102910 | 79.10 | to | 26.56 | 5727476 |  | 1.35 | to | 1.59 | 34.05 | to | 33.73 |
| 12/31/2022 | 114404 | 59.01 | to | 19.86 | 4722990 |  | 1.35 | to | 1.59 | (32.55) | to | (32.71) |
| 12/31/2021 | 116088 | 87.49 | to | 29.52 | 7343556 |  | 1.35 | to | 1.59 | 21.88 | to | 21.58 |
| PIMCO CommodityRealReturn® Strategy Administrative Class | PIMCO CommodityRealReturn® Strategy Administrative Class | PIMCO CommodityRealReturn® Strategy Administrative Class | PIMCO CommodityRealReturn® Strategy Administrative Class | PIMCO CommodityRealReturn® Strategy Administrative Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 35866 | 10.00 | to | 9.18 | 341971 | 2.76 | 1.25 | to | 1.65 | 17.32 | to | 16.85 |
| 12/31/2024 | 30788 | 8.52 | to | 7.86 | 248562 | 2.20 | 1.25 | to | 1.65 | 2.86 | to | 2.45 |
| 12/31/2023 | 29610 | 8.28 | to | 7.67 | 233567 | 15.73 | 1.25 | to | 1.65 | (9.00) | to | (9.36) |
| 12/31/2022 | 28462 | 9.10 | to | 8.46 | 247627 | 16.37 | 1.25 | to | 1.65 | 7.27 | to | 6.84 |
| 12/31/2021 | 39476 | 8.49 | to | 7.92 | 320954 | 4.15 | 1.25 | to | 1.65 | 31.69 | to | 31.16 |
| PIMCO Low Duration Administrative Class | PIMCO Low Duration Administrative Class | PIMCO Low Duration Administrative Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 98335 | 12.90 | to | 11.97 | 1217031 | 3.95 | 1.25 | to | 1.65 | 4.21 | to | 3.80 |
| 12/31/2024 | 114941 | 12.38 | to | 11.53 | 1368055 | 3.99 | 1.25 | to | 1.65 | 3.19 | to | 2.78 |
| 12/31/2023 | 116310 | 12.00 | to | 11.22 | 1344173 | 3.60 | 1.25 | to | 1.65 | 3.67 | to | 3.26 |
| 12/31/2022 | 120683 | 11.57 | to | 10.86 | 1348480 | 1.16 | 1.25 | to | 1.65 | (6.91) | to | (7.28) |
| 12/31/2021 | 149865 | 12.43 | to | 11.72 | 1802941 | 0.52 | 1.25 | to | 1.65 | (2.16) | to | (2.55) |
| PIMCO Real Return Administrative Class | PIMCO Real Return Administrative Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 65823 | 16.18 | to | 14.86 | 1017256 | 3.32 | 1.25 | to | 1.65 | 6.51 | to | 6.08 |
| 12/31/2024 | 66386 | 15.19 | to | 14.01 | 964628 | 2.62 | 1.25 | to | 1.65 | 0.86 | to | 0.45 |
| 12/31/2023 | 68013 | 15.06 | to | 13.95 | 981374 | 3.00 | 1.25 | to | 1.65 | 2.39 | to | 1.98 |
| 12/31/2022 | 69454 | 14.71 | to | 13.68 | 980706 | 5.13 | 1.25 | to | 1.65 | (13.00) | to | (13.34) |
| 12/31/2021 | 81613 | 16.91 | to | 15.78 | 1327171 | 4.96 | 1.25 | to | 1.65 | 4.27 | to | 3.86 |

---

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
| | |  | |  | | | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | |  | |  | | | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
| | |  | |  | | | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| <br>**Subaccount** | <br>**Units** | | **Unit Fair Value**<br>**Corresponding to**<br>**Lowest to Highest**<br>**Expense Ratio** | | <br>**Net**<br>**Assets** | <br>**Investment**<br>**Income**<br>**Ratio\*** | **Highest** | **Highest** | **Highest** | | **Expense Ratio** | |
| PIMCO Total Return Administrative Class | PIMCO Total Return Administrative Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 366528 | $17.11 | to | $15.72 | $6642850 | 4.11% | 1.25% | to | 1.65% | 7.54% | to | 7.11% |
| 12/31/2024 | 400107 | 15.91 | to | 14.68 | 6762755 | 4.04 | 1.25 | to | 1.65 | 1.25 | to | 0.85 |
| 12/31/2023 | 449025 | 15.72 | to | 14.55 | 7525470 | 3.57 | 1.25 | to | 1.65 | 4.62 | to | 4.20 |
| 12/31/2022 | 456924 | 15.02 | to | 13.97 | 7334072 | 2.34 | 1.25 | to | 1.65 | (15.36) | to | (15.70) |
| 12/31/2021 | 525788 | 17.75 | to | 16.57 | 10007158 | 1.82 | 1.25 | to | 1.65 | (2.49) | to | (2.88) |
| TA Aegon Sustainable Equity Income Service Class | TA Aegon Sustainable Equity Income Service Class | TA Aegon Sustainable Equity Income Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 83049 | 19.02 | to | 18.14 | 1537386 | 1.39 | 1.25 | to | 1.65 | 9.61 | to | 9.17 |
| 12/31/2024 | 109657 | 17.35 | to | 16.61 | 1852952 | 1.82 | 1.25 | to | 1.65 | 15.14 | to | 14.68 |
| 12/31/2023 | 128721 | 15.07 | to | 14.48 | 1893791 | 1.94 | 1.25 | to | 1.65 | 4.69 | to | 4.27 |
| 12/31/2022 | 127773 | 14.39 | to | 13.89 | 1799940 | 1.39 | 1.25 | to | 1.65 | (12.94) | to | (13.28) |
| 12/31/2021 | 149330 | 16.53 | to | 16.02 | 2422391 | 1.84 | 1.25 | to | 1.65 | 20.60 | to | 20.12 |
| TA BlackRock iShares Edge 40 Service Class | TA BlackRock iShares Edge 40 Service Class | TA BlackRock iShares Edge 40 Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 |  | 14.91 | to | 13.89 |  |  | 1.25 | to | 1.65 | 10.04 | to | 9.60 |
| 12/31/2024 |  | 13.55 | to | 12.67 |  |  | 1.25 | to | 1.65 | 5.15 | to | 4.72 |
| 12/31/2023 |  | 12.89 | to | 12.10 |  |  | 1.25 | to | 1.65 | 7.72 | to | 7.29 |
| 12/31/2022 |  | 11.97 | to | 11.28 |  |  | 1.25 | to | 1.65 | (15.50) | to | (15.84) |
| 12/31/2021 |  | 14.16 | to | 13.40 |  |  | 1.25 | to | 1.65 | 4.46 | to | 4.04 |
| TA International Focus Initial Class | TA International Focus Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 81748 | 12.66 | to | 12.66 | 1035005 | 1.74 | 1.35 | to | 1.35 | 5.05 | to | 5.05 |
| 12/31/2024 | 83281 | 12.05 | to | 12.05 | 1003766 | 2.31 | 1.35 | to | 1.35 | (2.39) | to | (2.39) |
| 12/31/2023 | 87439 | 12.35 | to | 12.35 | 1079639 | 2.00 | 1.35 | to | 1.35 | 11.03 | to | 11.03 |
| 12/31/2022 | 94237 | 11.12 | to | 11.12 | 1047982 | 2.98 | 1.35 | to | 1.35 | (21.11) | to | (21.11) |
| 12/31/2021 | 97255 | 14.10 | to | 14.10 | 1371043 | 1.22 | 1.35 | to | 1.35 | 9.33 | to | 9.33 |
| TA Janus Balanced Service Class | TA Janus Balanced Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 7269 | 20.14 | to | 19.45 | 143849 | 1.89 | 1.25 | to | 1.65 | 12.05 | to | 11.61 |
| 12/31/2024 | 7671 | 17.97 | to | 17.42 | 135751 | 1.74 | 1.25 | to | 1.65 | 13.42 | to | 12.96 |
| 12/31/2023 | 7927 | 15.85 | to | 15.42 | 123930 | 1.15 | 1.25 | to | 1.65 | 13.59 | to | 13.14 |
| 12/31/2022 | 8355 | 13.95 | to | 13.63 | 115220 | 0.59 | 1.25 | to | 1.65 | (17.80) | to | (18.13) |
| 12/31/2021 | 9030 | 16.97 | to | 16.65 | 151806 | 1.11 | 1.25 | to | 1.65 | 14.01 | to | 13.55 |
| TA Janus Mid-Cap Growth Service Class | TA Janus Mid-Cap Growth Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 24999 | 33.61 | to | 31.78 | 813382 |  | 1.25 | to | 1.65 | 6.51 | to | 6.09 |
| 12/31/2024 | 30569 | 31.55 | to | 29.96 | 934753 |  | 1.25 | to | 1.65 | 12.64 | to | 12.19 |
| 12/31/2023 | 33958 | 28.01 | to | 26.70 | 924407 |  | 1.25 | to | 1.65 | 15.35 | to | 14.90 |
| 12/31/2022 | 36368 | 24.28 | to | 23.24 | 860412 |  | 1.25 | to | 1.65 | (17.96) | to | (18.29) |
| 12/31/2021 | 40962 | 29.60 | to | 28.44 | 1183926 | 0.10 | 1.25 | to | 1.65 | 15.54 | to | 15.08 |
| TA JPMorgan Enhanced Index Initial Class | TA JPMorgan Enhanced Index Initial Class | TA JPMorgan Enhanced Index Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 385065 | 28.68 | to | 27.91 | 10919913 | 0.70 | 1.15 | to | 1.59 | 14.89 | to | 14.38 |
| 12/31/2024 | 431905 | 24.97 | to | 24.40 | 10679737 | 0.68 | 1.15 | to | 1.59 | 22.81 | to | 22.31 |
| 12/31/2023 | 2344 | 20.33 | to | 19.82 | 46691 | 0.82 | 1.15 | to | 1.55 | 26.21 | to | 25.71 |
| 12/31/2022 | 2352 | 16.11 | to | 15.77 | 37227 | 0.48 | 1.15 | to | 1.55 | (19.28) | to | (19.61) |
| 12/31/2021 | 2359 | 19.96 | to | 19.61 | 46411 | 0.78 | 1.15 | to | 1.55 | 28.63 | to | 28.12 |
| TA Morgan Stanley Global Allocation Service Class | TA Morgan Stanley Global Allocation Service Class | TA Morgan Stanley Global Allocation Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 |  | 15.61 | to | 15.56 |  | 3.21 | 1.55 | to | 1.59 | 15.71 | to | 15.66 |
| 12/31/2024 | 1336 | 13.49 | to | 13.45 | 17963 | 4.66 | 1.55 | to | 1.59 | 5.21 | to | 5.17 |
| 12/31/2023 | 1336 | 12.82 | to | 12.79 | 17080 |  | 1.55 | to | 1.59 | 11.94 | to | 11.90 |
| 12/31/2022 | 2671 | 11.45 | to | 11.43 | 30529 | 0.08 | 1.55 | to | 1.59 | (19.03) | to | (19.06) |
| 12/31/2021 | 2766 | 14.15 | to | 14.12 | 39050 | 0.48 | 1.55 | to | 1.59 | 6.51 | to | 6.47 |
| TA Multi-Managed Balanced Service Class | TA Multi-Managed Balanced Service Class | TA Multi-Managed Balanced Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 |  | 19.82 | to | 19.14 |  |  | 1.25 | to | 1.65 | 11.33 | to | 10.88 |
| 12/31/2024 | 3853 | 17.80 | to | 17.26 | 67548 | 1.69 | 1.25 | to | 1.65 | 13.21 | to | 12.76 |
| 12/31/2023 | 4319 | 15.73 | to | 15.31 | 67007 | 1.31 | 1.25 | to | 1.65 | 16.97 | to | 16.50 |
| 12/31/2022 | 4863 | 13.45 | to | 13.14 | 64638 | 1.20 | 1.25 | to | 1.65 | (17.52) | to | (17.85) |
| 12/31/2021 |  | 16.30 | to | 15.99 |  |  | 1.25 | to | 1.65 | 15.34 | to | 14.88 |

---

**Transamerica Financial Life Insurance Company** 

**ML of New York Variable Annuity Separate Account A** 

**Notes to Financial Statements** 

**December 31, 2025** 

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  | |  | |  | | | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  | |  | |  | | | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  | |  | |  | | | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Subaccount** | <br>**Units** | | **Unit Fair Value**<br>**Corresponding to**<br>**Lowest to Highest**<br>**Expense Ratio** | | <br>**Net**<br>**Assets** | <br>**Investment**<br>**Income**<br>**Ratio\*** | **Highest** | **Highest** | **Highest** | | **Expense Ratio** | |
| TA Small/Mid Cap Value Service Class | TA Small/Mid Cap Value Service Class | TA Small/Mid Cap Value Service Class |  |  |  |  |  |  |  |  |  |  |  |
|  | 12/31/2025 | 36274 | $35.74 | to | $33.28 | $1238539 | 1.04% | 1.25% | to | 1.65% | 8.15% | to | 7.72% |
|  | 12/31/2024 | 45256 | 33.05 | to | 30.90 | 1431223 | 0.76 | 1.25 | to | 1.65 | 7.21 | to | 6.78 |
|  | 12/31/2023 | 48207 | 30.82 | to | 28.94 | 1426309 | 0.83 | 1.25 | to | 1.65 | 10.76 | to | 10.32 |
|  | 12/31/2022 | 49758 | 27.83 | to | 26.23 | 1333108 | 0.23 | 1.25 | to | 1.65 | (9.66) | to | (10.02) |
|  | 12/31/2021 | 59367 | 30.81 | to | 29.15 | 1765992 | 0.47 | 1.25 | to | 1.65 | 26.23 | to | 25.73 |
| TA T. Rowe Price Small Cap Initial Class | TA T. Rowe Price Small Cap Initial Class | TA T. Rowe Price Small Cap Initial Class |  |  |  |  |  |  |  |  |  |  |  |
|  | 12/31/2025 | 35993 | 20.11 | to | 19.38 | 698719 |  | 1.15 | to | 1.59 | 9.01 | to | 8.53 |
|  | 12/31/2024 | 36836 | 18.44 | to | 17.86 | 658988 |  | 1.15 | to | 1.59 | 11.48 | to | 10.99 |
|  | 12/31/2023 | 38513 | 16.54 | to | 16.09 | 620563 |  | 1.15 | to | 1.59 | 19.82 | to | 19.29 |
|  | 12/31/2022 | 41056 | 13.81 | to | 13.49 | 554399 |  | 1.15 | to | 1.59 | (23.27) | to | (23.61) |
|  | 12/31/2021 | 42198 | 18.00 | to | 17.65 | 745895 |  | 1.15 | to | 1.59 | 10.10 | to | 9.62 |
| TA TSW International Equity Service Class | TA TSW International Equity Service Class | TA TSW International Equity Service Class | TA TSW International Equity Service Class |  |  |  |  |  |  |  |  |  |  |
|  | 12/31/2025 | 8622 | 15.84 | to | 15.32 | 134182 | 1.91 | 1.15 | to | 1.55 | 29.92 | to | 29.40 |
|  | 12/31/2024 | 6955 | 12.20 | to | 11.84 | 83464 | 2.57 | 1.15 | to | 1.55 | 1.93 | to | 1.52 |
|  | 12/31/2023 | 8077 | 11.96 | to | 11.66 | 95421 | 0.83 | 1.15 | to | 1.55 | 13.94 | to | 13.49 |
|  | 12/31/2022 | 8388 | 10.50 | to | 10.28 | 87121 | 2.25 | 1.15 | to | 1.55 | (15.61) | to | (15.95) |
|  | 12/31/2021 | 8956 | 12.44 | to | 12.23 | 110469 | 1.65 | 1.15 | to | 1.55 | 11.91 | to | 11.46 |
| TA WMC US Growth Initial Class | TA WMC US Growth Initial Class | TA WMC US Growth Initial Class |  |  |  |  |  |  |  |  |  |  |  |
|  | 12/31/2025 | 579 | 57.84 | to | 53.79 | 32290 |  | 1.15 | to | 1.55 | 16.41 | to | 15.95 |
|  | 12/31/2024 | 583 | 49.68 | to | 46.39 | 28021 | 0.01 | 1.15 | to | 1.55 | 27.51 | to | 27.00 |
|  | 12/31/2023<sup>(1)</sup> | 589 | 38.96 | to | 36.53 | 22218 | 0.04 | 1.15 | to | 1.55 |  | to |  |
| TA WMC US Growth Service Class | TA WMC US Growth Service Class | TA WMC US Growth Service Class |  |  |  |  |  |  |  |  |  |  |  |
|  | 12/31/2025 | 24559 | 57.47 | to | 53.52 | 1358190 |  | 1.15 | to | 1.55 | 16.13 | to | 15.66 |
|  | 12/31/2024 | 34514 | 49.49 | to | 46.27 | 1641185 |  | 1.15 | to | 1.55 | 27.21 | to | 26.70 |
|  | 12/31/2023 | 44070 | 38.90 | to | 36.52 | 1651826 |  | 1.15 | to | 1.55 | 40.11 | to | 39.55 |
|  | 12/31/2022 | 55711 | 27.76 | to | 26.17 | 1493662 |  | 1.15 | to | 1.55 | (32.30) | to | (32.57) |
|  | 12/31/2021 | 54416 | 41.01 | to | 38.81 | 2158612 |  | 1.15 | to | 1.55 | 19.00 | to | 18.52 |
| Victory Pioneer High Yield VCT Class II Shares | Victory Pioneer High Yield VCT Class II Shares | Victory Pioneer High Yield VCT Class II Shares | Victory Pioneer High Yield VCT Class II Shares |  |  |  |  |  |  |  |  |  |  |
|  | 12/31/2025 | 2333 | 22.58 | to | 20.74 | 51001 | 5.76 | 1.20 | to | 1.60 | 6.63 | to | 6.21 |
|  | 12/31/2024 | 2492 | 21.17 | to | 19.53 | 51236 | 5.53 | 1.20 | to | 1.60 | 7.21 | to | 6.78 |
|  | 12/31/2023 | 2514 | 19.75 | to | 18.29 | 48254 | 5.30 | 1.20 | to | 1.60 | 9.67 | to | 9.24 |
|  | 12/31/2022 | 7719 | 18.01 | to | 16.74 | 134415 | 3.46 | 1.20 | to | 1.60 | (12.49) | to | (12.84) |
|  | 12/31/2021 | 8791 | 20.58 | to | 19.21 | 175140 | 4.87 | 1.20 | to | 1.60 | 4.19 | to | 3.77 |
| *<sup>(1)</sup>* | *See Footnote 1* | *See Footnote 1* |  |  |  |  |  |  |  |  |  |  |  |
| \* | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. |
| \*\* | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. |
| \*\*\* | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. |

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|:---|:---|
| **Transamerica Financial Life Insurance Company** | **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** | **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** |
| **6. Administrative and Mortality and Expense Risk Charges** | **6. Administrative and Mortality and Expense Risk Charges** |
| TFLIC deducts an annual charge during the accumulation phase, not to exceed $75, proportionately from the subaccounts' unit values. An annual charge ranging from 1.25% to 1.65% is deducted (based on the death benefit selected) from the unit values of the subaccounts of the Separate Account for TFLIC's assumption of certain mortality and expense risks incurred in connection with the contract. The charge is assessed daily based on the net asset value of the Mutual Fund. Charges for administrative and mortality and expense risk are an expense of the subaccount. Charges reflected above are those currently assessed and may be subject to change. Contract owners should see their actual policy and any related attachments to determine their specific charges. | TFLIC deducts an annual charge during the accumulation phase, not to exceed $75, proportionately from the subaccounts' unit values. An annual charge ranging from 1.25% to 1.65% is deducted (based on the death benefit selected) from the unit values of the subaccounts of the Separate Account for TFLIC's assumption of certain mortality and expense risks incurred in connection with the contract. The charge is assessed daily based on the net asset value of the Mutual Fund. Charges for administrative and mortality and expense risk are an expense of the subaccount. Charges reflected above are those currently assessed and may be subject to change. Contract owners should see their actual policy and any related attachments to determine their specific charges. |
| In addition to M&E, the following subaccounts are assessed a fund fee or credit: | In addition to M&E, the following subaccounts are assessed a fund fee or credit: |
| **<u>Subaccount</u>** | **<u>Fund Fee/Credit</u>** |
| American Funds - Asset Allocation Class 2 Shares | 0.15% |
| American Funds - Growth Class 2 Shares | 0.15% |
| American Funds - Growth-Income Class 2 Shares | 0.15% |
| American Funds - International Class 2 Shares | 0.15% |
| American Funds - The Bond Fund of America Class 2 Shares | 0.15% |
| Eaton Vance VT Floating-Rate Income | -0.10% |
| Franklin Templeton Foreign Class 2 Shares | -0.10% |
| Franklin Templeton Growth Class 2 Shares | -0.10% |
| Invesco V.I. Main Street Series II Shares | -0.10% |
| Janus Henderson - Enterprise Service Shares | -0.10% |
| Janus Henderson - Forty Service Shares | -0.10% |
| TA JPMorgan Enhanced Index Initial Class | -0.10% |
| TA T. Rowe Price Small Cap Initial Class | -0.10% |
| TA TSW International Equity Service Class | -0.10% |
| TA WMC US Growth Initial Class | -0.10% |
| TA WMC US Growth Service Class | -0.10% |
| Victory Pioneer High Yield VCT Class II Shares | -0.10% |
| **7. Income Tax** | **7. Income Tax** |
| Operations of the Separate Account form a part of TFLIC, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code of 1986, as amended (the Code). The operations of the Separate Account are accounted for separately from other operations of TFLIC for purposes of federal income taxation. The Separate Account is not separately taxable as a regulated investment company under Subchapter M of the Code and is not otherwise taxable as an entity separate from TFLIC. Under existing federal income tax laws, the income of the Separate Account is not taxable to TFLIC, as long as earnings are credited under the variable annuity contracts. | Operations of the Separate Account form a part of TFLIC, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code of 1986, as amended (the Code). The operations of the Separate Account are accounted for separately from other operations of TFLIC for purposes of federal income taxation. The Separate Account is not separately taxable as a regulated investment company under Subchapter M of the Code and is not otherwise taxable as an entity separate from TFLIC. Under existing federal income tax laws, the income of the Separate Account is not taxable to TFLIC, as long as earnings are credited under the variable annuity contracts. |

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| |
|:---|
| **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** |
| **December 31, 2025** |
| **8. Subsequent Events** |
| The Separate Account has evaluated the financial statements for subsequent events through the date which the financial statements were issued. During this period, there were no subsequent events requiring recognition in the financial statements. |
| **9. Related Parties** |
| Transamerica Capital, Inc. (TCI), a wholesaling broker-dealer, is an affiliated entity of TFLIC and an indirect wholly owned subsidiary of Aegon Ltd. TCI distributes TFLIC's products through broker-dealers and other financial intermediaries. |
| The subaccounts invest in the mutual funds listed in Footnote 1. These investments include funds managed by Transamerica Asset Management, Inc. (TAM). Transamerica Fund Services, Inc. (TFS) serves as a transfer agent to TAM, and Aegon USA Asset Management Holding, LLC (AAM) serves as a sub-advisor for certain funds managed by TAM. TAM, TFS and AAM are affiliated entities of TFLIC and indirect wholly owned subsidiaries of Aegon Ltd. Funds managed by TAM are identified by their fund name, which includes reference to Aegon, Transamerica or both. The Separate Account pays management fees to the related funds as detailed in the fund prospectus. |
| No charges other than those disclosed in Footnote 6 are deducted for the service rendered by related parties. |
| Contract owners may transfer funds between available subaccount options within the Separate Account. These transfers are performed at unit value at the time of the transfer. |

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| |
|:---|
| **Transamerica Financial Life Insurance Company** |
| **ML of New York Variable Annuity Separate Account A** |
| **Notes to Financial Statements** |
| **December 31, 2025** |
| **10. Segment Reporting** |
| Each fund of the Separate Account constitutes a single operating segment and therefore, a single reportable segment because the Chief Operating Decision Maker (CODM) manages the activities of the Separate Account using information of each fund. The Separate Account is engaged in a single line of business as a registered unit investment trust. The Separate Account is a funding vehicle for individual variable annuity contracts with the assets owned by TFLIC to support the liabilities of the applicable insurance contracts. The subaccounts have identified the President and Chief Operating Officer as the CODM as the Separate Account does not have employees and is not a separate legal entity. |
| The CODM uses increase (decrease) in net assets from operations as their performance measure in order to make operational decisions while monitoring the net assets of each of the funds within the Separate Account. The Accounting policies used to measure profit and loss of the segments are the same as those described in the Summary of Significant Accounting Policies (see note 2). The measure of segment assets is reported on the balance sheet as total consolidated assets. Refer to the Statements of Operations and Changes in Net Assets for each fund's operating segment and related footnotes for significant expenses principle and the existing segment requirements as of December 31, 2025 and for the year ended December 31, 2025 and December 31, 2024. |

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