# EDGAR Filing Document

**Accession Number:** 0000779923
**File Stem:** 0001104659-26-050091
**Filing Date:** 2026-4
**Character Count:** 509770
**Document Hash:** e5c5950cf3eb589c0f9a183cfc025c25
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-050091.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0001104659-26-050091

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**EFFECTIVENESS DATE**: 20260428

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE LIFE NY VARIABLE ACCOUNT C
- **CENTRAL INDEX KEY:** 0000779923

**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:** 811-04440
- **FILM NUMBER:** 26905406

**BUSINESS ADDRESS:**
- **STREET 1:** ONE AMERICAN ROW
- **STREET 2:** 10TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06102
- **BUSINESS PHONE:** 8604036461

**MAIL ADDRESS:**
- **STREET 1:** ONE AMERICAN ROW
- **STREET 2:** 10TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUN LIFE N Y VARIABLE ACCOUNT C
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### DELAWARE LIFE NY VARIABLE ACCOUNT C (Series ID: S000008073)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000244965 | Masters Reward NY (NNY)            |  |
| C000244966 | Masters I Share NY (NNY)           |  |
| C000244967 | Masters Flex II NY (NNY)           |  |
| C000244968 | Masters Extra II NY (NNY)          |  |
| C000244969 | Masters Choice II NY (NNY)         |  |
| C000244970 | Masters Choice NY (NNY)            |  |
| C000244971 | Masters Extra NY (NNY)             |  |
| C000244972 | Columbia All-Star Extra NY (NNY)   |  |
| C000244973 | Masters Flex NY (NNY)              |  |
| C000244974 | Columbia All-Star NY (NNY)         |  |
| C000244975 | Masters Access NY (NNY)            |  |
| C000244976 | Columbia All-Star Freedom NY (NNY) |  |
| C000244977 | Futurity Accolade NY (NNY)         |  |
| C000244978 | Regatta Extra NY (NNY)             |  |
| C000244979 | Futurity NY (NNY)                  |  |
| C000244980 | Regatta Gold NY (NNY)              |  |
| C000244981 | Regatta NY (NNY)                   |  |
| C000244982 | Masters Select NY (NNY)            |  |

![](tm2610770d12_act01img001.jpg)

------

Financial Statements

Delaware Life NY Variable Account C - All-Star

December 31, 2025

With Report of Independent Registered Public Accounting Firm

Delaware Life NY Variable Account C - All-Star

Financial Statements

December 31, 2025

Contents

Audited Financial Statements

---

| | |
|:---|:---|
| Statements of Net Assets | 5 |
| Statements of Operations and Change in Net Assets | 7 |
| Notes to Financial Statements | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 1. Organization | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 2. Additions, Mergers, Liquidations and Name Changes | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 3. Significant Accounting Policies | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 4. Purchases and Proceeds from Sales of Investments | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 5. Related Party Transactions and Charges and Deductions | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 6. Summary of Unit Transactions | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 7. Financial Highlights | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 8. Subsequent Events | 30 |
| Report of Independent Registered Public Accounting Firm | 31 |

---

Delaware Life NY Variable Account C - All-Star

Statements of Net Assets

December 31, 2025

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | Uncollected |  |  |  |  |
|  | Number of |  | Assets at |  | Actuarial Risk |  | Units |  |  |
| Subaccount | Shares | Cost | Market Value | Total Assets | Fee Payable | Net Assets | Outstanding | Range of Unit Values | Range of Unit Values |
| AB VPS Relative Value Portfolio | 4666 | $125482 | $143939 | $143939 | $- | $143939 | 2997 | $44.47 | $49.95 |
| AB VPS Sustainable Global Thematic Portfolio | 355 | 9548 | 10753 | 10753 |  | 10753 | 318 | 33.84 | 33.84 |
| Columbia Variable Portfolio – Acorn Fund (a) | 9189 | 115835 | 146105 | 146105 |  | 146105 | 2608 | 50.43 | 58.90 |
| Columbia Variable Portfolio - Dividend Opportunity Fund |  |  |  |  |  |  |  | 25.01 | 27.55 |
| Columbia Variable Portfolio - Government Money Market Fund | 156867 | 156867 | 156867 | 156867 | (15) | 156882 | 16135 | 9.53 | 9.78 |
| Columbia Variable Portfolio - Income Opportunities Fund | 8314 | 57500 | 55790 | 55790 |  | 55790 | 4027 | 13.51 | 13.95 |
| Columbia Variable Portfolio - Large Cap Growth Fund | 973 | 12747 | 53183 | 53183 |  | 53183 | 934 | 56.62 | 57.04 |
| Columbia Variable Portfolio - Large Cap Index Fund | 616 | 6109 | 35148 | 35148 |  | 35148 | 740 | 47.39 | 47.75 |
| Columbia Variable Portfolio - Select Mid Cap Value Fund | 401 | 4817 | 18989 | 18989 |  | 18989 | 634 | 29.95 | 29.95 |
| Columbia Variable Portfolio - Strategic Income Fund |  |  |  |  |  |  |  | 17.56 | 23.38 |
| Columbia Variable Portfolio - U.S. Government Mortgage Fund | 7167 | 69822 | 66865 | 66865 |  | 66865 | 6816 | 9.58 | 9.87 |
| Franklin Mutual Shares VIP Fund | 479 | 7911 | 7719 | 7719 |  | 7719 | 231 | 33.47 | 33.47 |
| Franklin Templeton Growth and Income VIP Fund | 3234 | 20226 | 23773 | 23773 |  | 23773 | 519 | 45.79 | 45.79 |
| MFS VIT I Growth Series | 1924 | 111460 | 116757 | 116757 |  | 116757 | 1157 | 92.75 | 101.47 |
| MFS VIT I Investors Trust Series | 2088 | 57435 | 53401 | 53401 |  | 53401 | 923 | 57.71 | 58.37 |
| MFS VIT I New Discovery Series |  |  |  |  |  |  |  | 47.33 | 56.24 |
| MFS VIT I Value Series | 2425 | 48250 | 53984 | 53984 |  | 53984 | 1681 | 31.43 | 32.28 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio |  |  |  |  |  |  |  | 28.38 | 30.46 |
| MFS VIT III Mid Cap Value Portfolio |  |  |  |  |  |  |  | 32.94 | 37.05 |
| PIMCO VIT Real Return Portfolio | 1390 | 17809 | 16697 | 16697 |  | 16697 | 1060 | 15.68 | 15.86 |

---

(a) Name change. See Note 2.

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

Delaware Life NY Variable Account C - All-Star

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | Uncollected |  |  |  |  |
|  | Number of |  | Assets at |  | Actuarial Risk |  | Units |  |  |
| Subaccount | Shares | Cost | Market Value | Total Assets | Fee Payable | Net Assets | Outstanding | Range of Unit Values | Range of Unit Values |
| PIMCO VIT Total Return Portfolio | 24903 | $253785 | $235332 | $235332 | $- | $235332 | 14728 | $15.33 | $16.05 |
| Templeton Foreign VIP Fund | 7899 | 99037 | 128122 | 128122 |  | 128122 | 4691 | 25.79 | 27.50 |

---

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

Delaware Life NY Variable Account C - All-Star

Statements of Operations and Change in Net Assets

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | AB VPS Relative<br> Value Portfolio | AB VPS<br> Sustainable Global<br> Thematic Portfolio | Columbia Variable <br> Portfolio – Acorn <br> Fund (a) |
| Net assets as of December 31, 2023 | $157752 | $10870 | $286812 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 1856 |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (2670) | (190) | (3204) |
| Net investment income (loss) | (814) | (190) | (3204) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 5223 | 33 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 6026 | 361 | (55995) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 6200 | 224 | 87840 |
| Net gain (loss) on investments | 17449 | 618 | 31845 |
| Net increase (decrease) in net assets from operations | 16635 | 428 | 28641 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 1127 |  | 1421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (35139) | (485) | (170133) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (3452) |  | (5965) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | 742 | - | 866 |
| Increase (decrease) in net assets from contract transactions | (36722) | (485) | (173811) |
| Total increase (decrease) in net assets | (20087) | (57) | (145170) |
| Net assets as of December 31, 2024 | $137665 | $10813 | $141642 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 1260 |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (2409) | (181) | (2459) |
| Net investment income (loss) | (1149) | (181) | (2459) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 11764 | 1398 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 3009 | 396 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (2428) | (1152) | 7235 |
| Net gain (loss) on investments | 12345 | 642 | 8308 |
| Net increase (decrease) in net assets from operations | 11196 | 461 | 5849 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (5542) | (519) | (5663) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 757 | 8 | 4421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (137) | (10) | (144) |
| Increase (decrease) in net assets from contract transactions | (4922) | (521) | (1386) |
| Total increase (decrease) in net assets | 6274 | (60) | 4463 |
| Net assets as of December 31, 2025 | $143939 | $10753 | $146105 |

---

(a) Name change. See Note 2.

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

Delaware Life NY Variable Account C - All-Star

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Columbia Variable <br> Portfolio - Dividend <br> Opportunity Fund | Columbia Variable <br> Portfolio - <br> Government <br> Money Market <br> Fund | Columbia Variable <br> Portfolio - Income <br> Opportunities Fund |
| Net assets as of December 31, 2023 | $296 | $203143 | $60814 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 8950 | 3015 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (2) | (3165) | (1005) |
| Net investment income (loss) | (2) | 5785 | 2010 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 214 |  | (2751) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (198) | - | 2997 |
| Net gain (loss) on investments | 16 | - | 246 |
| Net increase (decrease) in net assets from operations | 14 | 5785 | 2256 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 204 | 999 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (519) | (65316) | (12508) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 6 | 7086 | 1988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (1) | 1989 | 336 |
| Increase (decrease) in net assets from contract transactions | (310) | (55242) | (10184) |
| Total increase (decrease) in net assets | (296) | (49457) | (7928) |
| Net assets as of December 31, 2024 | $- | $153686 | $52886 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 6062 | 974 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | - | (2655) | (930) |
| Net investment income (loss) | - | 3407 | 44 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments |  |  | (541) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | - | - | 3929 |
| Net gain (loss) on investments | - | - | 3388 |
| Net increase (decrease) in net assets from operations | - | 3407 | 3432 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (10784) | (1849) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | 10745 | 1380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (172) | (59) |
| Increase (decrease) in net assets from contract transactions | - | (211) | (528) |
| Total increase (decrease) in net assets | - | 3196 | 2904 |
| Net assets as of December 31, 2025 | $- | $156882 | $55790 |

---

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

Delaware Life NY Variable Account C - All-Star

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Columbia Variable <br> Portfolio - Large <br> Cap Growth Fund | Columbia Variable <br> Portfolio - Large <br> Cap Index Fund | Columbia Variable <br> Portfolio - Select <br> Mid Cap Value <br> Fund |
| Net assets as of December 31, 2023 | $38841 | $27943 | $15349 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (745) | (517) | (311) |
| Net investment income (loss) | (745) | (517) | (311) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 2244 | 1954 | 223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 9515 | 4573 | 1693 |
| Net gain (loss) on investments | 11759 | 6527 | 1916 |
| Net increase (decrease) in net assets from operations | 11014 | 6010 | 1605 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (843) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (2714) | (1120) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (12) | (5) | (5) |
| Increase (decrease) in net assets from contract transactions | (2726) | (1968) | (5) |
| Total increase (decrease) in net assets | 8288 | 4042 | 1600 |
| Net assets as of December 31, 2024 | $47129 | $31985 | $16949 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (824) | (552) | (325) |
| Net investment income (loss) | (824) | (552) | (325) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 2095 | 1771 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 5582 | 3549 | 2132 |
| Net gain (loss) on investments | 7677 | 5320 | 2372 |
| Net increase (decrease) in net assets from operations | 6853 | 4768 | 2047 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (1015) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (742) | (554) | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (57) | (36) | (22) |
| Increase (decrease) in net assets from contract transactions | (799) | (1605) | (7) |
| Total increase (decrease) in net assets | 6054 | 3163 | 2040 |
| Net assets as of December 31, 2025 | $53183 | $35148 | $18989 |

---

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

Delaware Life NY Variable Account C - All-Star

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Columbia Variable <br> Portfolio - Strategic <br> Income Fund | Columbia Variable <br> Portfolio - U.S. <br> Government <br> Mortgage Fund | Franklin Mutual<br> Shares VIP Fund |
| Net assets as of December 31, 2023 | $4965 | $78183 | $6455 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 218 | 2116 | 141 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (64) | (1248) | (118) |
| Net investment income (loss) | 154 | 868 | 23 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  | 147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (2365) | (3647) | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 2397 | 2634 | 429 |
| Net gain (loss) on investments | 32 | (1013) | 591 |
| Net increase (decrease) in net assets from operations | 186 | (145) | 614 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (5152) | (19759) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 1 | 5410 | 79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | 622 | (3) |
| Increase (decrease) in net assets from contract transactions | (5151) | (13727) | 76 |
| Total increase (decrease) in net assets | (4965) | (13872) | 690 |
| Net assets as of December 31, 2024 | $- | $64311 | $7145 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 1342 | 149 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | - | (1118) | (122) |
| Net investment income (loss) | - | 224 | 27 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  | 737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments |  | (499) | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | - | 4729 | (112) |
| Net gain (loss) on investments | - | 4230 | 654 |
| Net increase (decrease) in net assets from operations | - | 4454 | 681 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (3383) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | 1550 | (97) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (67) | (10) |
| Increase (decrease) in net assets from contract transactions | - | (1900) | (107) |
| Total increase (decrease) in net assets | - | 2554 | 574 |
| Net assets as of December 31, 2025 | $- | $66865 | $7719 |

---

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

Delaware Life NY Variable Account C - All-Star

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Franklin Templeton <br> Growth and <br> Income VIP Fund | MFS VIT I Growth <br> Series | MFS VIT I <br> Investors Trust <br> Series |
| Net assets as of December 31, 2023 | $27650 | $146773 | $44755 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 687 |  | 221 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (504) | (2421) | (821) |
| Net investment income (loss) | 183 | (2421) | (600) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 585 | 10702 | 3455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (2677) | 16077 | 1688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 6203 | 13599 | 2893 |
| Net gain (loss) on investments | 4111 | 40378 | 8036 |
| Net increase (decrease) in net assets from operations | 4294 | 37957 | 7436 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 1646 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (11214) | (52562) | (1612) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 2 | (23636) | (699) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (7) | 916 | (5) |
| Increase (decrease) in net assets from contract transactions | (11219) | (73636) | (2316) |
| Total increase (decrease) in net assets | (6925) | (35679) | 5120 |
| Net assets as of December 31, 2024 | $20725 | $111094 | $49875 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 475 |  | 300 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (409) | (1972) | (852) |
| Net investment income (loss) | 66 | (1972) | (552) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 2043 | 22625 | 21236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 78 | 3474 | 1435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 868 | (11420) | (16563) |
| Net gain (loss) on investments | 2989 | 14679 | 6108 |
| Net increase (decrease) in net assets from operations | 3055 | 12707 | 5556 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (4894) | (1866) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 21 | (2043) | (113) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (28) | (107) | (51) |
| Increase (decrease) in net assets from contract transactions | (7) | (7044) | (2030) |
| Total increase (decrease) in net assets | 3048 | 5663 | 3526 |
| Net assets as of December 31, 2025 | $23773 | $116757 | $53401 |

---

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

Delaware Life NY Variable Account C - All-Star

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT I New <br> Discovery Series | MFS VIT I Value <br> Series | MFS VIT II <br> Massachusetts <br> Investors Growth <br> Stock Portfolio |
| Net assets as of December 31, 2023 | $5426 | $64668 | $1029 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 959 |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (70) | (1048) | (8) |
| Net investment income (loss) | (70) | (89) | (8) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 4342 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (2261) | 3815 | 221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 2607 | (1897) | (129) |
| Net gain (loss) on investments | 346 | 6260 | 92 |
| Net increase (decrease) in net assets from operations | 276 | 6171 | 84 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 413 | 731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (5703) | (18618) | (1856) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 1 | (1256) | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | 414 | (3) |
| Increase (decrease) in net assets from contract transactions | (5702) | (19047) | (1113) |
| Total increase (decrease) in net assets | (5426) | (12876) | (1029) |
| Net assets as of December 31, 2024 | $- | $51792 | $- |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 865 |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | - | (902) | - |
| Net investment income (loss) | - | (37) | - |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 4026 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments |  | 732 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | - | 833 | - |
| Net gain (loss) on investments | - | 5591 | - |
| Net increase (decrease) in net assets from operations | - | 5554 | - |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (2261) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | (1046) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (55) | - |
| Increase (decrease) in net assets from contract transactions | - | (3362) | - |
| Total increase (decrease) in net assets | - | 2192 | - |
| Net assets as of December 31, 2025 | $- | $53984 | $- |

---

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

Delaware Life NY Variable Account C - All-Star

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT III Mid <br> Cap Value <br> Portfolio | PIMCO VIT Real<br> Return Portfolio | PIMCO VIT Total<br> Return Portfolio |
| Net assets as of December 31, 2023 | $5937 | $17424 | $251611 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 79 | 442 | 9644 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (81) | (291) | (4113) |
| Net investment income (loss) | (2) | 151 | 5531 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 267 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 1279 | (429) | (5124) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (803) | 385 | 1587 |
| Net gain (loss) on investments | 743 | (44) | (3537) |
| Net increase (decrease) in net assets from operations | 741 | 107 | 1994 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  | 776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (6681) | (2199) | (44311) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 3 | 643 | 12451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (3) | 1404 |
| Increase (decrease) in net assets from contract transactions | (6678) | (1559) | (29680) |
| Total increase (decrease) in net assets | (5937) | (1452) | (27686) |
| Net assets as of December 31, 2024 | $- | $15972 | $223925 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 537 | 9392 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | - | (274) | (3897) |
| Net investment income (loss) | - | 263 | 5495 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments |  | (177) | (2021) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | - | 853 | 12218 |
| Net gain (loss) on investments | - | 676 | 10197 |
| Net increase (decrease) in net assets from operations | - | 939 | 15692 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (412) | (8296) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | 216 | 4252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (18) | (241) |
| Increase (decrease) in net assets from contract transactions | - | (214) | (4285) |
| Total increase (decrease) in net assets | - | 725 | 11407 |
| Net assets as of December 31, 2025 | $- | $16697 | $235332 |

---

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

Delaware Life NY Variable Account C - All-Star

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | |
|:---|:---|
|  | Templeton Foreign<br> VIP Fund |
| Net assets as of December 31, 2023 | $144502 |
| Investment income (loss): |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 3612 |
| Investment Expenses: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (2323) |
| Net investment income (loss) | 1289 |
| Increase (decrease) in net assets from operations: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 4598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (8018) |
| Net gain (loss) on investments | (3420) |
| Net increase (decrease) in net assets from operations | (2131) |
| Contract owner transactions: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (34231) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 11492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | 1089 |
| Increase (decrease) in net assets from contract transactions | (20841) |
| Total increase (decrease) in net assets | (22972) |
| Net assets as of December 31, 2024 | $121530 |
| Investment income (loss): |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 2962 |
| Investment Expenses: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (2181) |
| Net investment income (loss) | 781 |
| Increase (decrease) in net assets from operations: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 8271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 3846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 17406 |
| Net gain (loss) on investments | 29523 |
| Net increase (decrease) in net assets from operations | 30304 |
| Contract owner transactions: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (5827) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (17760) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (125) |
| Increase (decrease) in net assets from contract transactions | (23712) |
| Total increase (decrease) in net assets | 6592 |
| Net assets as of December 31, 2025 | $128122 |

---

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

Delaware Life NY Variable Account C - All-Star

Notes to Financial Statements

December 31, 2025

**Note 1. Organization**

Delaware Life NY Variable Account C - All-Star (the "Separate Account") is a separate account of Nassau Life Insurance Company ("NNY", the "Company", the "Sponsor", "we" or "us"). NNY is a wholly-owned subsidiary of The Nassau Companies of New York ("NCNY"), whose ultimate parent is Nassau Insurance Group Holdings G.P., LLC ("Nassau"). Founded in April 2015, Nassau is a privately held insurance and reinsurance business focused on building a franchise across the insurance value chain. NCNY is a holding company for NNY. On July 1, 2023, NNY completed its acquisition of Delaware Life Insurance Company of New York ("DLNY") from Delaware Life Insurance Company, after receipt of insurance regulatory approval by the New York Department of Financial Services (the "NYDFS" or the "Department"). Effective July 5, 2023, DLNY merged with and into NNY pursuant to a merger agreement with NNY as the surviving entity.The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended and was established on April 2015. As directed by the owners, amounts directed to each subaccount are invested in a designated mutual fund as follows:

---

| | |
|:---|:---|
| **Subaccount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Share Class** |
| AB VPS Relative Value Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class B |
| AB VPS Sustainable Global Thematic Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class B |
| Columbia Variable Portfolio – Acorn Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| Columbia Variable Portfolio – Acorn International Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| Columbia Variable Portfolio - Dividend Opportunity Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Columbia Variable Portfolio - Government Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 1 |
| Columbia Variable Portfolio - Income Opportunities Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Columbia Variable Portfolio - Large Cap Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Columbia Variable Portfolio - Large Cap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Columbia Variable Portfolio - Select Mid Cap Value Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 1 |
| Columbia Variable Portfolio - Strategic Income Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Columbia Variable Portfolio - U.S. Government Mortgage Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Fidelity VIP Equity-Income Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class 2 |
| Franklin Mutual Shares VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Franklin Templeton Growth and Income VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| MFS VIT I Growth Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT I Investors Trust Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT I New Discovery Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT I Value Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT III Mid Cap Value Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| PIMCO VIT Real Return Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admin Class |
| PIMCO VIT Total Return Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admin Class |
| Rydex VT NASDAQ-100 Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| Templeton Foreign VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |

---

Delaware Life NY Variable Account C - All-Star

Notes to Financial Statements (continued)

**Note 1. Organization (continued)**

Twenty-five subaccounts are currently offered by the Separate Account. The following subaccounts had no activity for two consecutive years and are not included in the Statements of Net Assets or the Statements of Operations and Change in Net Assets:

---

| |
|:---|
| **Subaccount** |
| Columbia Variable Portfolio – Acorn International Fund |
| Fidelity VIP Equity-Income Portfolio |
| Rydex VT NASDAQ-100 Fund |

---

**Note 2. Additions, Mergers, Liquidations and Name Changes**

A. Additions

There were no fund additions in 2024 or 2025.

B. Mergers

There were no fund mergers in 2024 or 2025.

C. Liquidations

During the last two years the following subaccount was liquidated and subsequently reinvested:

---

| | | | |
|:---|:---|:---|:---|
| <br>**Date** | <br>&nbsp;&nbsp;**Liquidated Subaccount** | <br>&nbsp;&nbsp;&nbsp;&nbsp;**Reinvested Subaccount** | &nbsp;&nbsp;&nbsp;&nbsp;**Transferred**<br>&nbsp;&nbsp;&nbsp;&nbsp;**Assets ($)** |
| April 15, 2024 | &nbsp;&nbsp;AB VPS Sustainable International | &nbsp;&nbsp;&nbsp;&nbsp;Columbia VP - Government Money |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thematic Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Market Fund |  |
| D. Name Changes |  |  |  |

---

During the last two years the following subaccount name changes were made effective:

---

| | | |
|:---|:---|:---|
| **Date** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**New Name** | &nbsp;&nbsp;&nbsp;&nbsp;**Old Name** |
| June 2, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Variable Portfolio – Acorn Fund | &nbsp;&nbsp;&nbsp;&nbsp;Wanger Acorn |
| June 2, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Variable Portfolio – Acorn | &nbsp;&nbsp;&nbsp;&nbsp;Wanger International |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Fund |  |

---

**Note 3. Significant Accounting Policies**

**Investment Valuation**

Investments in mutual fund shares are carried in the statements of net assets at market value (net asset value of the underlying mutual fund). Investment transactions are accounted for on the trade date. Realized capital gains and losses on sales of investments are determined based on the average cost of investments sold. The difference between cost and current market value of investments owned on the day of measurement is recorded as unrealized appreciation or depreciation of investments.

Delaware Life NY Variable Account C - All-Star

Notes to Financial Statements (continued)

**Note 3. Significant Accounting Policies (continued)**

**Market Risk**

Each subaccount invests in shares of a single underlying fund. The investment performance of each subaccount will reflect the investment performance of the underlying fund less separate account expenses. There is no assurance that the investment objective of any underlying fund will be met. A fund calculates a daily net asset value per share ("NAV") which is based on the market value of its investment portfolio. The amount of risk varies significantly between subaccounts. Due to the level of risk associated with certain investment portfolios, it is at least reasonably possible that changes in the values of investment portfolios will occur in the near term and that such changes could materially affect contract holder's investments in the funds and the amounts reported in the statements of net assets. The contract holder assumes all of the investment performance risk for the subaccounts selected.

**Contracts in Payout (Annuitization) Period**

Net assets allocated to contracts in the payout period are computed according to the 1983a Individual Annuitant Mortality Table, Annuity 2000 Mortality Table, or 2012 Individual Annuity Reserving Mortality Table depending on the particular product. The assumed interest return is also dependent on the particular product, and could range from 0.75 percent to 5.25 percent, as regulated by the laws of the respective states. During the payout period, the mortality risk is fully borne by NNY and may result in additional amounts being transferred into the Separate Account from NNY to cover greater longevity of annuitants than expected. Conversely, if amounts allocated during the payout period exceed amounts required, transfers of excess amounts from the Separate Account may be made to NNY. These amounts will appear in the "Maintenance charges and mortality adjustments" of the Statements of Operations and Change in Net Assets.

**Annuity Assets**

As of December 31, 2025, annuity reserves have not been established, as there are no contracts that have matured and are in the payout stage. Such reserves would be computed on the basis of published mortality tables using assumed interest rates that will provide reserves as prescribed by law. In cases where the payout option selected is life contingent, NNY periodically recalculates the required annuity reserves, and any resulting adjustment is either charged or credited to NNY and not to the Separate Account.

**Reinvestment of Dividends**

Dividend and capital gain distributions paid by the mutual funds to the Separate Account are reinvested in additional shares of each respective fund. Dividend income and capital gain distributions are recorded as income on the ex-dividend date.

**Federal Income Taxes**

The operations of the Separate Account are included in the federal income tax return of NNY, which is taxed as a life insurance company under the provisions of the Internal Revenue Code (IRC). Under the current provisions of the IRC, NNY does not expect to incur federal income taxes on the earnings of the Separate Account to the extent the earnings are credited under contracts. Based on this, no charge is being made currently to the Separate Account for federal income taxes. NNY will review periodically the status of this policy in the event of changes in the tax law.

Delaware Life NY Variable Account C - All-Star

Notes to Financial Statements (continued)

**Note 3. Significant Accounting Policies (continued)**

**Use of Estimates**

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

In applying these estimates and assumptions, management makes subjective and complex judgments that frequently require assumptions about matters that are uncertain and inherently subject to change such as possibility for elevated mortality and investment market volatility.

**Fair Value Measurements**

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).

The Separate Account invests in shares of open-end mutual funds, which process contract holders directed purchases, sales and transfers on a daily basis at the funds' computed net asset values (NAVs). The fair value of the Separate Account's assets is based on the NAVs of mutual funds, which are obtained from the custodians and reflect the fair values of the mutual fund investments. The NAV is calculated daily and is based on the fair values of the underlying securities.

Because the fund provides liquidity for the investments through purchases and redemptions at NAV, this may represent the fair value of the investment in the fund. That is, for an open-ended mutual fund, the fair value of an investment in the fund would not be expected to be higher than the amount that a new investor would be required to spend in order to directly invest in the mutual fund. Similarly, the hypothetical seller of the investment would not be expected to accept less in proceeds than it could receive by directly redeeming its investment with the fund.

The Separate Account measures the fair value of its investment in the Fund on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Separate Account has the ability to access.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument in an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs for the asset or liability, to the extent observable inputs are not available, representing the Separate Account's own assumptions about the assumptions a market participant would use in valuing the assets or liability, and would be based on the best information available.

Investments in Fund shares are valued using the reported net asset value of the respective Funds at the end of each New York Stock Exchange business day, as determined by the respective Funds. Investments held by the Separate Account are Level 1 within the hierarchy. There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2025.

Delaware Life NY Variable Account C - All-Star

Notes to Financial Statements (continued)

**Note 3. Significant Accounting Policies (continued)**

**Segment Disclosures**

An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The CODM is the 2VP Finance, Accounting Operations Department, who is responsible for reviewing subaccount financial statements and related Separate Account controls. The Separate Account represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on the investment selections of its contract holders. The financial information which is used by the CODM to assess the segment's performance and to make resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's financial statements. Segment assets are reported on the Statements of Operations and Change in Net Assets as net assets and significant segment expenses are reported in the Statements of Operations and Change in Net Assets. The CODM does not evaluate the business using asset or subaccount expense information.

Delaware Life NY Variable Account C - All-Star

Notes to Financial Statements (continued)

**Note 4. Purchases and Proceeds from Sales of Investments**

The cost of investment purchases and proceeds from investments sold for the years ended December 31, 2025 and 2024, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2024** | **2024** |
| <br>**Subaccount** | <br>**Cost of Purchases** | **Proceeds from**<br>**Sales** | <br>**Cost of Purchases** | **Proceeds from**<br>**Sales** |
| AB VPS Relative Value Portfolio | $16092 | $10400 | $10882 | $43210 |
| AB VPS Sustainable Global Thematic Portfolio | 1397 | 701 | 33 | 677 |
| Columbia Variable Portfolio – Acorn Fund (a) | 13779 | 17624 | 8543 | 185588 |
| Columbia Variable Portfolio - Government Money Market Fund | 18479 | 15280 | 24091 | 73557 |
| Columbia Variable Portfolio - Income Opportunities Fund | 2925 | 3410 | 5875 | 14055 |
| Columbia Variable Portfolio - Large Cap Growth Fund | 1602 | 3226 | 376 | 3851 |
| Columbia Variable Portfolio - Large Cap Index Fund |  | 2157 |  | 2489 |
| Columbia Variable Portfolio - Select Mid Cap Value Fund |  | 332 |  | 317 |
| Columbia Variable Portfolio - U.S. Government Mortgage Fund | 5143 | 6820 | 9367 | 22232 |
| Franklin Mutual Shares VIP Fund | 939 | 281 | 429 | 184 |
| Franklin Templeton Growth and Income VIP Fund | 2518 | 417 | 1271 | 11725 |
| MFS VIT I Growth Series | 35147 | 21539 | 17030 | 82405 |
| MFS VIT I Investors Trust Series | 21557 | 2902 | 3763 | 3229 |
| MFS VIT I Value Series | 6062 | 5436 | 8029 | 22831 |
| PIMCO VIT Real Return Portfolio | 850 | 800 | 1082 | 2490 |
| PIMCO VIT Total Return Portfolio | 19302 | 18093 | 24761 | 48934 |
| Templeton Foreign VIP Fund | 11233 | 25893 | 18847 | 38413 |

---

(a) Name change. See Note 2.

Delaware Life NY Variable Account C - All-Star

Notes to Financial Statements (continued)

**Note 5. Related Party Transactions and Charges and Deductions**

*Related-Party Transactions*

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

*Mortality and expense risk charges*

Charges for mortality and expense risks, the optional death benefit riders, and the optional living benefit riders are based on the assumed by the Sponsor. These charges are reflected in the Statements of Operations and Change in Net Assets. The deductions are calculated at different levels based upon the elections made by the contract holder and are transferred periodically to the Sponsor. As of December 31, 2025, the deduction is at an effective annual rate of the average daily value of the contract invested in the Separate Account as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;Level 1 | &nbsp;&nbsp;&nbsp;Level 2 | &nbsp;&nbsp;&nbsp;Level 3 | &nbsp;&nbsp;&nbsp;Level 4 |
| Columbia All-Star NY contracts | &nbsp;&nbsp;&nbsp;1.30 | &nbsp;&nbsp;&nbsp;1.50 | &nbsp;&nbsp;&nbsp;1.70 | &nbsp;&nbsp;&nbsp;1.90 |
| Columbia All-Star Extra NY contracts | &nbsp;&nbsp;&nbsp;1.40 | &nbsp;&nbsp;&nbsp;1.60 | &nbsp;&nbsp;&nbsp;1.80 | &nbsp;&nbsp;&nbsp;2.00 |
| Columbia All-Star Freedom NY contracts | &nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;- |
| All amounts shown are % |  |  |  |  |

---

*Distribution and administrative expense charges*

For assuming the risk that surrender charges may be insufficient to compensate the Sponsor for the costs of distributing the contracts, the Sponsor makes a deduction from the Separate Account at the end of each valuation period at an effective annual rate of 0.15% of the net assets attributable to Columbia All-Star Extra NY contracts and an effective annual rate of 0.20% of the net assets attributable to Columbia All-Star NY and Columbia All-Star Freedom NY contracts.

Additionally, a reimbursement for administrative expenses attributable to Columbia All-Star NY, Columbia All-Star Extra NY, and Columbia All-Star Freedom NY contracts, which exceed the charges received from the account administration fee ("Account Fee"), the Sponsor makes a deduction from the Sub-Account at the end of each valuation period at an effective annual rate of 0.15% of the net assets attributable to such contracts.

Distribution and administrative expense charges are reflected in the Statements of Operations and Change in Net Assets.

*Administrative charges*

Each year on the account anniversary date, an Account Fee of $30 is deducted from the participant's account to reimburse the Sponsor for certain administrative expenses. After the annuity commencement date, this Account Fee will be deducted pro rata from each variable annuity payment made during the year. These charges are reported as part of "Maintenance charges and mortality adjustments" in the Statements of Operations and Change in Net

Assets.

*Surrender charges*

The Sponsor does not deduct a sales charge from purchase payments. However, a surrender charge (contingent deferred sales charge) may be deducted to cover certain expenses relating to the sales of the contract if the contract holder requests a full withdrawal prior to reaching the pay-out phase. In no event shall the aggregate surrender charges exceed 8% of the purchase payments made under the contract. These charges are reported as part of "Maintenance charges and mortality adjustments" in the Statements of Operations and Change in Net Assets.

*Optional living benefit rider charges ("Benefit Fee")*

A specific quarterly charge, equal to 0.125% of account value, is deducted on the last day of the Account Quarter, ("Account Quarters" are defined as three-month periods, with the first Account Quarter beginning on the date the

Delaware Life NY Variable Account C - All-Star

Notes to Financial Statements (continued)

**Note 5. Related Party Transactions and Charges and Deductions**

contracts were issued), if Secured Returns 2 optional living benefit rider is elected. This optional living benefit rider is available on Columbia All-Star NY contracts and Columbia All-Star Extra NY contracts; however, no contracts were ever sold with the rider elected; therefore, there are no Benefit Fees reflected in the Separate Account's financial statements.

*Premium Taxes*

A deduction, when applicable, is made for premium taxes or similar state or local taxes. It is currently the policy of the Sponsor to make this deduction from the amount applied to provide an annuity at the time of annuitization.

Delaware Life NY Variable Account C - All-Star<br> Notes to Financial Statements (continued)

**Note 6. Summary of Unit Transactions**

The changes in units outstanding for the periods December 31, 2025 and 2024, were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| **Subaccount** | **Units**<br>**Issued** | **Units**<br>**Redeemed** | **Net <br> Increase**<br>**(Decrease)** | **Units**<br>**Issued** | **Units**<br>**Redeemed** | **Net <br> Increase**<br>**(Decrease)** |
| AB VPS Relative Value Portfolio | 65 | (181) | (116) | 87 | (910) | (823) |
| AB VPS Sustainable Global Thematic Portfolio |  | (15) | (15) |  | (16) | (16) |
| Columbia Variable Portfolio – Acorn Fund (a) | 286 | (287) | (1) | 168 | (3643) | (3475) |
| Columbia Variable Portfolio - Dividend Opportunity Fund |  |  |  | 9 | (23) | (14) |
| Columbia Variable Portfolio - Government Money Market Fund | 1293 | (1333) | (40) | 1626 | (7550) | (5924) |
| Columbia Variable Portfolio - Income Opportunities Fund | 144 | (188) | (44) | 226 | (1026) | (800) |
| Columbia Variable Portfolio - Large Cap Growth Fund | 36 | (45) | (9) | 8 | (67) | (59) |
| Columbia Variable Portfolio - Large Cap Index Fund |  | (36) | (36) |  | (53) | (53) |
| Columbia Variable Portfolio - Select Mid Cap Value Fund |  |  |  |  |  |  |
| Columbia Variable Portfolio - Strategic Income Fund |  |  |  |  | (240) | (240) |
| Columbia Variable Portfolio - U.S. Government Mortgage Fund | 399 | (603) | (204) | 802 | (2295) | (1493) |
| Franklin Mutual Shares VIP Fund | 2 | (5) | (3) | 5 | (3) | 2 |
| Franklin Templeton Growth and Income VIP Fund |  |  |  |  | (278) | (278) |
| MFS VIT I Growth Series | 146 | (204) | (58) | 74 | (937) | (863) |
| MFS VIT I Investors Trust Series |  | (38) | (38) | 2 | (51) | (49) |
| MFS VIT I New Discovery Series |  |  |  |  | (117) | (117) |
| MFS VIT I Value Series | 39 | (151) | (112) | 98 | (768) | (670) |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio |  |  |  | 28 | (70) | (42) |

---

(a) Name change. See Note 2.

Delaware Life NY Variable Account C - All-Star<br> Notes to Financial Statements (continued)

**Note 6. Summary of Unit Transactions (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| <br>**Subaccount** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** |
| MFS VIT III Mid Cap Value Portfolio |  |  |  |  | (195) | (195) |
| PIMCO VIT Real Return Portfolio | 20 | (35) | (15) | 43 | (149) | (106) |
| PIMCO VIT Total Return Portfolio | 641 | (934) | (293) | 1030 | (3037) | (2007) |
| Templeton Foreign VIP Fund |  | (971) | (971) | 695 | (1584) | (889) |

---

Delaware Life NY Variable Account C - All-Star<br> Notes to Financial Statements (continued)

**Note 7. Financial Highlights**

The Separate Account has a number of products, which have unique combinations of features and fees that are charged against the contract owner's subaccount balance. Differences in the fee structures result in a variety of unit values, expense ratios, and total returns. The information presented below identifies the range of lowest to highest expense ratios and the corresponding unit values and total returns. The summary may not reflect the minimum and maximum contract charges offered by the Separate Account as contract owners may not have selected all available and applicable contract options as discussed in Note 5.

A summary of units outstanding, unit values, net assets, investment income ratios, expense ratios and total return ratios for each of the five years in the period ended December 31, 2025, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit <br> Values <br> Lowest <br> ($) (4)** | **Unit <br> Values <br> Highest <br> ($) (4)** | **Net <br> Assets ($)** | **Investment<br> Income<br> Ratios<br> (%) (1)** | **Expense<br> Ratios<br> Lowest <br> (%) (2)** | **Expense<br> Ratios<br> Highest <br> (%) (2)** | **Total <br> Returns <br> Lowest <br> (%) (3)(4)** | **Total<br> Returns<br> Highest<br> (%) (3)(4)** |
| AB VPS Relative Value Portfolio | AB VPS Relative Value Portfolio | AB VPS Relative Value Portfolio | AB VPS Relative Value Portfolio |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 2997 | 44.47 | 49.95 | 143939 | 0.90 | 1.65 | 1.85 | 8.17 | 8.40 |
| &nbsp;&nbsp;&nbsp;2024 | 3113 | 41.11 | 46.11 | 137665 | 1.22 | 1.65 | 1.90 | 10.62 | 10.89 |
| &nbsp;&nbsp;&nbsp;2023 | 3936 | 38.74 | 39.84 | 157752 | 1.31 | 1.65 | 1.90 | 9.61 | 9.89 |
| &nbsp;&nbsp;&nbsp;2022 | 4036 | 35.26 | 36.35 | 147324 | 1.10 | 1.65 | 1.90 | (6.23) | (5.99) |
| &nbsp;&nbsp;&nbsp;2021 | 4425 | 37.50 | 38.76 | 172242 | 0.62 | 1.65 | 1.90 | 25.42 | 25.74 |
| AB VPS Sustainable Global Thematic Portfolio | AB VPS Sustainable Global Thematic Portfolio | AB VPS Sustainable Global Thematic Portfolio | AB VPS Sustainable Global Thematic Portfolio |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 318 | 33.84 | 33.84 | 10753 |  | 1.70 | 1.70 | 4.22 | 4.22 |
| &nbsp;&nbsp;&nbsp;2024 | 333 | 32.47 | 32.47 | 10813 |  | 1.70 | 1.70 | 4.17 | 4.17 |
| &nbsp;&nbsp;&nbsp;2023 | 349 | 35.43 | 31.17 | 10870 | 0.03 | 1.70 | 1.70 | 13.75 | 13.75 |
| &nbsp;&nbsp;&nbsp;2022 | 649 | 31.15 | 27.41 | 18480 |  | 1.70 | 1.70 | (28.40) | (28.40) |
| &nbsp;&nbsp;&nbsp;2021 | 675 | 43.51 | 37.20 | 26794 |  | 1.70 | 1.85 | 20.31 | 20.49 |
| Columbia Variable Portfolio – Acorn Fund (a) | Columbia Variable Portfolio – Acorn Fund (a) | Columbia Variable Portfolio – Acorn Fund (a) | Columbia Variable Portfolio – Acorn Fund (a) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 2608 | 50.43 | 58.90 | 146105 |  | 1.65 | 1.85 | 2.54 | 2.74 |
| &nbsp;&nbsp;&nbsp;2024 | 2609 | 49.18 | 57.35 | 141642 |  | 1.65 | 1.90 | 11.99 | 12.28 |
| &nbsp;&nbsp;&nbsp;2023 | 6084 | 45.77 | 48.95 | 286812 |  | 1.65 | 1.90 | 19.44 | 19.74 |
| &nbsp;&nbsp;&nbsp;2022 | 6647 | 38.22 | 40.98 | 262310 |  | 1.65 | 1.90 | (34.72) | (34.56) |
| &nbsp;&nbsp;&nbsp;2021 | 6383 | 58.41 | 62.78 | 381764 | 0.77 | 1.65 | 1.90 | 6.84 | 7.11 |

---

(a) Name change. See Note 2.

Delaware Life NY Variable Account C - All-Star<br> Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit <br> Values <br> Lowest <br> ($) (4)** | **Unit <br> Values <br> Highest <br> ($) (4)** | **Net <br> Assets ($)** | **Investment<br> Income<br> Ratios<br> (%) (1)** | **Expense<br> Ratios<br> Lowest <br> (%) (2)** | **Expense<br> Ratios<br> Highest <br> (%) (2)** | **Total <br> Returns <br> Lowest <br> (%) (3)(4)** | **Total<br> Returns<br> Highest<br> (%) (3)(4)** |
| Columbia Variable Portfolio - Dividend Opportunity Fund | Columbia Variable Portfolio - Dividend Opportunity Fund | Columbia Variable Portfolio - Dividend Opportunity Fund | Columbia Variable Portfolio - Dividend Opportunity Fund | Columbia Variable Portfolio - Dividend Opportunity Fund |  |  |  |  |  |
| 2025 |  | 25.01 | 27.55 |  |  | 1.65 | 2.30 | 12.91 | 13.66 |
| 2024 |  | 23.41 | 23.41 |  |  | 1.90 | 1.90 | 12.93 | 12.93 |
| 2023 | 14 | 21.27 | 20.73 | 296 |  | 1.70 | 1.90 | 2.86 | 3.07 |
| 2022 | 181 | 20.64 | 20.16 | 3719 |  | 1.70 | 1.90 | (3.26) | (3.06) |
| 2021 | 195 | 21.29 | 20.83 | 4136 |  | 1.70 | 1.90 | 23.51 | 23.76 |
| Columbia Variable Portfolio - Government Money Market Fund | Columbia Variable Portfolio - Government Money Market Fund | Columbia Variable Portfolio - Government Money Market Fund | Columbia Variable Portfolio - Government Money Market Fund | Columbia Variable Portfolio - Government Money Market Fund | Columbia Variable Portfolio - Government Money Market Fund |  |  |  |  |
| 2025 | 16135 | 9.53 | 9.78 | 156882 | 3.90 | 1.65 | 1.85 | 2.03 | 2.32 |
| 2024 | 16175 | 9.28 | 9.56 | 153686 | 4.91 | 1.65 | 1.90 | 3.00 | 3.24 |
| 2023 | 22099 | 9.26 | 9.01 | 203143 | 4.58 | 1.65 | 1.90 | 2.77 | 3.04 |
| 2022 | 23966 | 8.98 | 8.77 | 213942 | 1.09 | 1.65 | 1.90 | (0.70) | (0.45) |
| 2021 | 27958 | 9.02 | 8.83 | 250837 | 0.02 | 1.65 | 1.90 | (1.88) | (1.63) |
| Columbia Variable Portfolio - Income Opportunities Fund | Columbia Variable Portfolio - Income Opportunities Fund | Columbia Variable Portfolio - Income Opportunities Fund | Columbia Variable Portfolio - Income Opportunities Fund | Columbia Variable Portfolio - Income Opportunities Fund |  |  |  |  |  |
| 2025 | 4027 | 13.51 | 13.95 | 55790 | 1.80 | 1.65 | 1.90 | 6.38 | 6.65 |
| 2024 | 4071 | 12.70 | 13.08 | 52886 | 5.21 | 1.65 | 1.90 | 3.74 | 3.97 |
| 2023 | 4871 | 12.58 | 12.24 | 60814 | 5.18 | 1.65 | 1.90 | 9.26 | 9.54 |
| 2022 | 5345 | 11.49 | 11.21 | 60920 | 5.36 | 1.65 | 1.90 | (11.92) | (11.69) |
| 2021 | 6250 | 13.01 | 12.72 | 80644 | 9.03 | 1.65 | 1.90 | 2.17 | 2.43 |
| Columbia Variable Portfolio - Large Cap Growth Fund | Columbia Variable Portfolio - Large Cap Growth Fund | Columbia Variable Portfolio - Large Cap Growth Fund | Columbia Variable Portfolio - Large Cap Growth Fund | Columbia Variable Portfolio - Large Cap Growth Fund |  |  |  |  |  |
| 2025 | 934 | 56.62 | 57.04 | 53183 |  | 1.65 | 1.70 | 13.88 | 13.94 |
| 2024 | 943 | 49.72 | 50.06 | 47129 |  | 1.65 | 1.70 | 28.77 | 28.82 |
| 2023 | 1002 | 38.86 | 38.61 | 38841 |  | 1.65 | 1.70 | 40.36 | 40.43 |
| 2022 | 1152 | 27.67 | 27.51 | 31812 |  | 1.65 | 1.70 | (32.69) | (32.66) |
| 2021 | 1068 | 41.09 | 40.87 | 43805 |  | 1.65 | 1.70 | 26.18 | 26.24 |
| Columbia Variable Portfolio - Large Cap Index Fund | Columbia Variable Portfolio - Large Cap Index Fund | Columbia Variable Portfolio - Large Cap Index Fund | Columbia Variable Portfolio - Large Cap Index Fund | Columbia Variable Portfolio - Large Cap Index Fund |  |  |  |  |  |
| 2025 | 740 | 47.39 | 47.75 | 35148 |  | 1.65 | 1.70 | 15.28 | 15.34 |
| 2024 | 776 | 41.11 | 41.40 | 31985 |  | 1.65 | 1.70 | 22.28 | 22.34 |
| 2023 | 829 | 33.84 | 32.77 | 27943 |  | 1.65 | 1.90 | 23.28 | 23.59 |
| 2022 | 1406 | 27.38 | 26.58 | 38100 |  | 1.65 | 1.90 | (20.08) | (19.88) |
| 2021 | 1437 | 34.18 | 33.26 | 48622 |  | 1.65 | 1.90 | 25.64 | 25.96 |

---

Delaware Life NY Variable Account C - All-Star<br> Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit <br> Values <br> Lowest <br> ($) (4)** | **Unit <br> Values <br> Highest <br> ($) (4)** | **Net <br> Assets ($)** | **Investment<br> Income<br> Ratios<br> (%) (1)** | **Expense<br> Ratios<br> Lowest <br> (%) (2)** | **Expense<br> Ratios<br> Highest <br> (%) (2)** | **Total <br> Returns <br> Lowest <br> (%) (3)(4)** | **Total<br> Returns<br> Highest<br> (%) (3)(4)** |
| Columbia Variable Portfolio - Select Mid Cap Value Fund | Columbia Variable Portfolio - Select Mid Cap Value Fund | Columbia Variable Portfolio - Select Mid Cap Value Fund | Columbia Variable Portfolio - Select Mid Cap Value Fund | Columbia Variable Portfolio - Select Mid Cap Value Fund |  |  |  |  |  |
| 2025 | 634 | 29.95 | 29.95 | 18989 |  | 1.85 | 1.85 | 12.05 | 12.05 |
| 2024 | 634 | 26.73 | 26.73 | 16949 |  | 1.85 | 1.85 | 10.45 | 10.45 |
| 2023 | 634 | 24.67 | 24.04 | 15349 |  | 1.70 | 1.90 | 8.22 | 8.44 |
| 2022 | 1268 | 22.75 | 22.22 | 28352 |  | 1.70 | 1.90 | (11.15) | (10.97) |
| 2021 | 1284 | 25.55 | 25.00 | 32300 |  | 1.70 | 1.90 | 29.82 | 30.09 |
| Columbia Variable Portfolio - Strategic Income Fund | Columbia Variable Portfolio - Strategic Income Fund | Columbia Variable Portfolio - Strategic Income Fund | Columbia Variable Portfolio - Strategic Income Fund | Columbia Variable Portfolio - Strategic Income Fund |  |  |  |  |  |
| 2025 |  | 17.56 | 23.38 |  |  | 1.65 | 2.30 | 4.71 | 5.37 |
| 2024 |  | 21.21 | 21.21 |  | 6.64 | 1.90 | 1.90 | 2.51 | 2.51 |
| 2023 | 240 | 20.69 | 20.69 | 4965 | 3.43 | 1.90 | 1.90 | 7.14 | 7.14 |
| 2022 | 240 | 19.31 | 19.31 | 4637 | 2.72 | 1.90 | 1.90 | (13.19) | (13.19) |
| 2021 | 240 | 22.25 | 22.25 | 5343 | 5.25 | 1.90 | 1.90 | (0.30) | (0.30) |
| Columbia Variable Portfolio - U.S. Government Mortgage Fund | Columbia Variable Portfolio - U.S. Government Mortgage Fund | Columbia Variable Portfolio - U.S. Government Mortgage Fund | Columbia Variable Portfolio - U.S. Government Mortgage Fund | Columbia Variable Portfolio - U.S. Government Mortgage Fund | Columbia Variable Portfolio - U.S. Government Mortgage Fund |  |  |  |  |
| 2025 | 6816 | 9.58 | 9.87 | 66865 | 2.05 | 1.65 | 1.85 | 6.80 | 7.05 |
| 2024 | 7020 | 8.91 | 9.22 | 64311 | 2.93 | 1.65 | 1.90 | (0.56) | (0.43) |
| 2023 | 8513 | 9.26 | 8.96 | 78183 | 2.66 | 1.65 | 1.90 | 3.44 | 3.70 |
| 2022 | 9161 | 8.93 | 8.67 | 81144 | 1.87 | 1.65 | 1.90 | (15.94) | (15.73) |
| 2021 | 9597 | 10.59 | 10.31 | 100840 | 1.83 | 1.65 | 1.90 | (3.07) | (2.83) |
| Franklin Mutual Shares VIP Fund | Franklin Mutual Shares VIP Fund | Franklin Mutual Shares VIP Fund | Franklin Mutual Shares VIP Fund |  |  |  |  |  |  |
| 2025 | 231 | 33.47 | 33.47 | 7719 | 2.04 | 1.65 | 1.65 | 9.70 | 9.70 |
| 2024 | 234 | 30.51 | 30.51 | 7145 | 2.03 | 1.65 | 1.65 | 9.43 | 9.43 |
| 2023 | 232 | 27.88 | 26.74 | 6455 | 0.88 | 1.65 | 1.85 | 11.38 | 11.60 |
| 2022 | 522 | 24.98 | 24.00 | 12751 | 1.09 | 1.65 | 1.85 | (9.14) | (8.95) |
| 2021 | 1173 | 27.44 | 26.42 | 31258 | 2.91 | 1.65 | 1.85 | 16.97 | 17.21 |
| Franklin Templeton Growth and Income VIP Fund | Franklin Templeton Growth and Income VIP Fund | Franklin Templeton Growth and Income VIP Fund | Franklin Templeton Growth and Income VIP Fund | Franklin Templeton Growth and Income VIP Fund |  |  |  |  |  |
| 2025 | 519 | 45.79 | 45.79 | 23773 | 2.16 | 1.85 | 1.85 | 14.73 | 14.73 |
| 2024 | 519 | 39.91 | 40.73 | 20725 | 2.58 | 1.85 | 1.90 | 15.74 | 15.82 |
| 2023 | 797 | 34.46 | 35.19 | 27650 | 2.41 | 1.85 | 1.90 | 6.92 | 6.98 |
| 2022 | 1205 | 32.22 | 32.92 | 39029 | 3.56 | 1.85 | 1.90 | (8.57) | (8.52) |
| 2021 | 2067 | 35.22 | 36.00 | 73023 | 2.45 | 1.85 | 1.90 | 22.87 | 22.93 |

---

Delaware Life NY Variable Account C - All-Star<br> Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit <br> Values <br> Lowest <br> ($) (4)** | **Unit <br> Values <br> Highest <br> ($) (4)** | **Net <br> Assets ($)** | **Investment<br> Income<br> Ratios<br> (%) (1)** | **Expense<br> Ratios<br> Lowest <br> (%) (2)** | **Expense<br> Ratios<br> Highest <br> (%) (2)** | **Total <br> Returns <br> Lowest <br> (%) (3)(4)** | **Total<br> Returns<br> Highest<br> (%) (3)(4)** |
| MFS VIT I Growth Series | MFS VIT I Growth Series | MFS VIT I Growth Series | MFS VIT I Growth Series |  |  |  |  |  |  |
| 2025 | 1157 | 92.75 | 101.47 | 116757 |  | 1.65 | 1.85 | 9.84 | 10.06 |
| 2024 | 1215 | 84.44 | 92.24 | 111094 |  | 1.65 | 1.90 | 28.66 | 28.97 |
| 2023 | 2078 | 68.42 | 68.53 | 146773 |  | 1.65 | 1.90 | 32.95 | 33.29 |
| 2022 | 2814 | 51.33 | 51.55 | 149000 |  | 1.65 | 1.90 | (33.10) | (32.93) |
| 2021 | 2611 | 76.53 | 77.05 | 205024 |  | 1.65 | 1.90 | 20.90 | 21.21 |
| MFS VIT I Investors Trust Series | MFS VIT I Investors Trust Series | MFS VIT I Investors Trust Series | MFS VIT I Investors Trust Series |  |  |  |  |  |  |
| 2025 | 923 | 57.71 | 58.37 | 53401 | 0.60 | 1.65 | 1.70 | 11.41 | 11.46 |
| 2024 | 961 | 51.80 | 52.37 | 49875 | 0.46 | 1.65 | 1.70 | 17.19 | 17.24 |
| 2023 | 1010 | 44.67 | 44.20 | 44755 | 0.46 | 1.65 | 1.70 | 16.66 | 16.72 |
| 2022 | 1173 | 38.27 | 37.89 | 44532 | 0.39 | 1.65 | 1.70 | (18.10) | (18.06) |
| 2021 | 1218 | 46.70 | 46.26 | 56444 | 0.42 | 1.65 | 1.70 | 24.36 | 24.43 |
| MFS VIT I New Discovery Series | MFS VIT I New Discovery Series | MFS VIT I New Discovery Series | MFS VIT I New Discovery Series |  |  |  |  |  |  |
| 2025 |  | 47.33 | 56.24 |  |  | 1.65 | 2.30 | 9.99 | 10.72 |
| 2024 |  | 48.58 | 48.58 |  |  | 1.90 | 1.90 | 4.41 | 4.41 |
| 2023 | 117 | 46.53 | 46.53 | 5426 |  | 1.90 | 1.90 | 12.10 | 12.10 |
| 2022 | 117 | 41.51 | 41.51 | 4843 |  | 1.90 | 1.90 | (31.32) | (31.32) |
| 2021 | 117 | 60.44 | 60.44 | 7054 |  | 1.90 | 1.90 | (0.35) | (0.35) |
| MFS VIT I Value Series | MFS VIT I Value Series |  |  |  |  |  |  |  |  |
| 2025 | 1681 | 31.43 | 32.28 | 53984 | 1.63 | 1.65 | 1.85 | 10.90 | 11.16 |
| 2024 | 1793 | 28.16 | 29.04 | 51792 | 1.59 | 1.65 | 1.90 | 9.49 | 9.75 |
| 2023 | 2463 | 26.46 | 25.72 | 64668 | 1.71 | 1.65 | 1.90 | 5.89 | 6.16 |
| 2022 | 2704 | 24.92 | 24.29 | 66859 | 1.26 | 1.65 | 1.90 | (7.69) | (7.45) |
| 2021 | 3498 | 26.93 | 26.31 | 93386 | 1.32 | 1.65 | 1.90 | 23.08 | 23.39 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio | MFS VIT II Massachusetts Investors Growth Stock Portfolio | MFS VIT II Massachusetts Investors Growth Stock Portfolio | MFS VIT II Massachusetts Investors Growth Stock Portfolio | MFS VIT II Massachusetts Investors Growth Stock Portfolio |  |  |  |  |  |
| 2025 |  | 28.38 | 30.46 |  |  | 1.65 | 2.30 | 7.09 | 7.82 |
| 2024 |  | 27.56 | 27.56 |  |  | 1.90 | 1.90 | 13.74 | 13.74 |
| 2023 | 42 | 24.23 | 24.23 | 1029 |  | 1.90 | 1.90 | 21.37 | 21.37 |
| 2022 | 45 | 19.96 | 19.96 | 896 |  | 1.90 | 1.90 | (20.97) | (20.97) |
| 2021 | 48 | 25.26 | 25.26 | 0 |  | 1.90 | 1.90 | 23.28 | 23.28 |

---

Delaware Life NY Variable Account C - All-Star<br> Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit <br> Values <br> Lowest <br> ($) (4)** | **Unit <br> Values <br> Highest <br> ($) (4)** | **Net <br> Assets ($)** | **Investment<br> Income<br> Ratios<br> (%) (1)** | **Expense<br> Ratios<br> Lowest <br> (%) (2)** | **Expense<br> Ratios<br> Highest <br> (%) (2)** | **Total <br> Returns <br> Lowest <br> (%) (3)(4)** | **Total<br> Returns<br> Highest<br> (%) (3)(4)** |
| MFS VIT III Mid Cap Value Portfolio | MFS VIT III Mid Cap Value Portfolio | MFS VIT III Mid Cap Value Portfolio | MFS VIT III Mid Cap Value Portfolio |  |  |  |  |  |  |
| 2025 |  | 32.94 | 37.05 |  |  | 1.65 | 2.30 | 3.55 | 4.25 |
| 2024 |  | 34.06 | 34.06 |  | 1.92 | 1.90 | 1.90 | 11.60 | 11.60 |
| 2023 | 195 | 31.52 | 30.52 | 5937 | 1.25 | 1.70 | 1.90 | 10.60 | 10.82 |
| 2022 | 1069 | 28.44 | 27.60 | 29909 | 0.99 | 1.70 | 1.90 | (10.51) | (10.33) |
| 2021 | 1069 | 31.72 | 30.84 | 33412 | 0.61 | 1.70 | 1.90 | 28.51 | 28.77 |
| PIMCO VIT Real Return Portfolio | PIMCO VIT Real Return Portfolio | PIMCO VIT Real Return Portfolio | PIMCO VIT Real Return Portfolio |  |  |  |  |  |  |
| 2025 | 1060 | 15.68 | 15.86 | 16697 | 3.32 | 1.65 | 1.70 | 6.09 | 6.09 |
| 2024 | 1075 | 14.49 | 14.95 | 15972 | 2.63 | 1.65 | 1.90 | 0.21 | 0.47 |
| 2023 | 1181 | 14.88 | 14.46 | 17424 | 2.78 | 1.65 | 1.90 | 1.71 | 1.97 |
| 2022 | 1586 | 14.59 | 14.22 | 22871 | 6.46 | 1.65 | 1.90 | (13.58) | (13.36) |
| 2021 | 2076 | 16.84 | 16.46 | 34388 | 4.73 | 1.65 | 1.90 | 3.61 | 3.87 |
| PIMCO VIT Total Return Portfolio | PIMCO VIT Total Return Portfolio | PIMCO VIT Total Return Portfolio | PIMCO VIT Total Return Portfolio |  |  |  |  |  |  |
| 2025 | 14728 | 15.33 | 16.05 | 235332 | 4.10 | 1.65 | 1.85 | 6.90 | 7.14 |
| 2024 | 15021 | 14.28 | 14.98 | 223925 | 4.03 | 1.65 | 1.90 | 0.56 | 0.82 |
| 2023 | 17028 | 14.86 | 14.20 | 251611 | 3.56 | 1.65 | 1.90 | 3.94 | 4.20 |
| 2022 | 18353 | 14.26 | 13.66 | 260243 | 2.61 | 1.65 | 1.90 | (15.93) | (15.72) |
| 2021 | 18862 | 16.92 | 16.25 | 317123 | 1.82 | 1.65 | 1.90 | (3.14) | (2.89) |
| Templeton Foreign VIP Fund | Templeton Foreign VIP Fund | Templeton Foreign VIP Fund | Templeton Foreign VIP Fund |  |  |  |  |  |  |
| 2025 | 4691 | 25.79 | 27.50 | 128122 | 2.33 | 1.65 | 1.90 | 26.74 | 27.06 |
| 2024 | 5662 | 20.34 | 21.66 | 121530 | 2.70 | 1.65 | 1.90 | (2.91) | (2.65) |
| 2023 | 6551 | 21.83 | 21.34 | 144502 | 3.21 | 1.65 | 1.90 | 18.48 | 18.78 |
| 2022 | 7283 | 18.38 | 18.01 | 135417 | 2.96 | 1.65 | 1.90 | (9.35) | (9.12) |
| 2021 | 7630 | 20.22 | 19.87 | 156273 | 1.79 | 1.65 | 1.90 | 2.19 | 2.45 |

---

(1) The investment income ratios represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying 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 result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccount invests.

Delaware Life NY Variable Account C - All-Star<br> Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

(2) The expense ratios represent the annualized contract expenses of the Separate Account for each period indicated. The ratios include only those expenses that result in a direct reduction of unit values. Charges made directly to contract owner contracts through the redemption of units and expenses of the Fund have been excluded.

(3) These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. The total return is calculated for the period indicated or from the inception date through the end of the reporting period.

(4) Unit value information is calculated on a daily basis regardless of whether or not the subaccount has contract holders.

**Note 8. Subsequent Events**

The Separate Account has performed an evaluation of subsequent events through the date the financial statements were issued and has determined that no items require recognition or disclosure.

![](tm2610770d12_actcallstarsp3.jpg)

KPMG LLP Two Manhattan West 375 9th Avenue, 17th Floor New York, NY 10001

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Nassau Life Insurance Company and<br> Contract Owners of Delaware Life NY Variable Account C - All-Star:

*Opinion on the Financial Statements*

We have audited the accompanying statements of net assets of the subaccounts listed in the Appendix that comprise Delaware Life NY Variable Account C - All-Star (the Separate Account) as of December 31, 2025, the related statements of operations and change in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights in Note 7 for each of the years or periods in the five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each subaccount as of December 31, 2025, the results of their operations and changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

 

*Basis for Opinion*

These financial statements and financial highlights are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on these financial statements and financial highlights 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 and financial highlights 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 and financial highlights, 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 and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the transfer agents of the underlying mutual funds. 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 and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more Nassau Insurance Group Holdings' separate accounts since 2015.

New York, New York<br> April 14, 2026

KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of<br> the KPMG global organization of independent member firms affiliated with KPMG<br> International Limited, a private English company limited by guarantee.

**Appendix**

Delaware Life NY Variable Account C - All-Star

AB VPS Relative Value Portfolio

AB VPS Sustainable Global Thematic Portfolio <sup>(1)</sup>

Columbia Variable Portfolio – Acorn Fund <sup>(1)</sup>

Columbia Variable Portfolio - Dividend Opportunity Fund

Columbia Variable Portfolio - Government Money Market Fund

Columbia Variable Portfolio - Income Opportunities Fund

Columbia Variable Portfolio - Large Cap Growth Fund

Columbia Variable Portfolio - Large Cap Index Fund

Columbia Variable Portfolio - Select Mid Cap Value Fund

Columbia Variable Portfolio - Strategic Income Fund

Columbia Variable Portfolio - U.S. Government Mortgage Fund

Franklin Mutual Shares VIP Fund

Franklin Templeton Growth and Income VIP Fund

MFS VIT I Growth Series

MFS VIT I Investors Trust Series

MFS VIT I New Discovery Series

MFS VIT I Value Series

MFS VIT II Massachusetts Investors Growth Stock Portfolio

MFS VIT III Mid Cap Value Portfolio

PIMCO VIT Real Return Portfolio

PIMCO VIT Total Return Portfolio

Templeton Foreign VIP Fund

<sup>(1)</sup> See Note 2 to the financial statements for the former name on the subaccount.

![](tm2610770d12_actcfuturitysp1.jpg)

Financial Statements

Delaware Life NY Variable Account C - Futurity

December 31, 2025

With Report of Independent Registered Public Accounting Firm

Delaware Life NY Variable Account C - Futurity

Financial Statements

December 31, 2025

Contents

---

| | |
|:---|:---|
| Audited Financial Statements |  |
| Statements of Net Assets | 5 |
| Statements of Operations and Change in Net Assets | 7 |
| Notes to Financial Statements | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note 1. Organization | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note 2. Additions, Mergers, Liquidations and Name Changes | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note 3. Significant Accounting Policies | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note 4. Purchases and Proceeds from Sales of Investments | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note 5. Related Party Transactions and Charges and Deductions | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note 6. Summary of Unit Transactions | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note 7. Financial Highlights | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note 8. Subsequent Events | 41 |
| Report of Independent Registered Public Accounting Firm | 42 |

---

Delaware Life NY Variable Account C - Futurity

Statements of Net Assets

December 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Number of |  | Assets at |  | Units |  |  |
| Subaccount | Shares | Cost | Market Value | Net Assets | Outstanding | Range of Unit Values | Range of Unit Values |
| AB VPS Relative Value Portfolio | 2606 | $66290 | $80395 | $80395 | 1853 | $42.45 | $44.01 |
| AB VPS Small Cap Growth Portfolio | 812 | 9789 | 8008 | 8008 | 134 | 59.59 | 59.59 |
| Alger Growth & Income Portfolio | 614 | 15137 | 21579 | 21579 | 501 | 43.07 | 43.07 |
| Alger Small Cap Growth Portfolio | 1220 | 28316 | 22750 | 22750 | 905 | 25.13 | 25.13 |
| Fidelity VIP Contrafund Portfolio | 198 | 8273 | 11231 | 11231 | 120 | 93.60 | 93.60 |
| Fidelity VIP Growth Portfolio | 639 | 54236 | 59373 | 59373 | 772 | 74.42 | 77.16 |
| Fidelity VIP Overseas Portfolio | 353 | 7596 | 9576 | 9576 | 295 | 32.49 | 32.49 |
| First Eagle Overseas Variable Fund | 2159 | 53999 | 60268 | 60268 | 814 | 71.94 | 74.52 |
| Goldman Sachs International Equity Insights Fund | 5666 | 46022 | 58870 | 58870 | 3271 | 18.00 | 18.00 |
| Goldman Sachs VIT Large Cap Value Fund | 32820 | 304823 | 268471 | 268471 | 7617 | 35.25 | 35.25 |
| Goldman Sachs VIT Small Cap Equity Insights Fund | 1620 | 20289 | 23135 | 23135 | 440 | 52.63 | 52.63 |
| Goldman Sachs VIT U.S. Equity Insights Fund | 2416 | 43357 | 52640 | 52640 | 1144 | 46.02 | 46.02 |
| Invesco V.I. American Franchise Fund | 1773 | 96765 | 143576 | 143576 | 2792 | 51.43 | 51.43 |
| Invesco V.I. Core Equity Fund | 159 | 4622 | 5729 | 5729 | 184 | 31.13 | 31.13 |
| Invesco V.I. EQV International Equity Fund | 3340 | 114730 | 120611 | 120611 | 5751 | 20.69 | 36.10 |
| LVIP JPMorgan Small Cap Core Fund | 2015 | 38982 | 44231 | 44231 | 847 | 52.20 | 52.20 |
| LVIP JPMorgan U.S. Equity Fund | 851 | 23659 | 42031 | 42031 | 484 | 86.88 | 86.88 |
| MFS U.S. Government Money Market Portfolio | 146567 | 146567 | 146567 | 146567 | 14840 | 9.65 | 9.93 |
| MFS VIT I Growth Series Initial Class | 5547 | 307225 | 376335 | 376335 | 8866 | 42.45 | 42.45 |
| MFS VIT I Growth Series Service Class | 951 | 45699 | 57719 | 57719 | 682 | 84.59 | 84.59 |
| MFS VIT I Mid Cap Growth Series | 44176 | 408501 | 352527 | 352527 | 8646 | 39.68 | 40.83 |
| MFS VIT I New Discovery Series Initial Class | 5857 | 92814 | 91369 | 91369 | 3875 | 23.58 | 23.58 |
| MFS VIT I New Discovery Series Service Class | 1799 | 18974 | 21773 | 21773 | 963 | 22.34 | 22.73 |
| MFS VIT I Research Series |  |  |  |  |  | 41.45 | 42.28 |
| MFS VIT I Total Return Bond Series | 6642 | 84143 | 78238 | 78238 | 6910 | 11.23 | 11.33 |
| MFS VIT I Utilities Series Initial Class | 5319 | 180275 | 200695 | 200695 | 10919 | 18.38 | 18.38 |
| MFS VIT I Utilities Series Service Class | 835 | 26869 | 30748 | 30748 | 1756 | 17.43 | 17.73 |
| MFS VIT I Value Series | 10988 | 222145 | 244596 | 244596 | 7322 | 32.50 | 33.44 |
| MFS VIT II Blended Research Core Equity Portfolio I Class | 601 | 33237 | 36531 | 36531 | 691 | 52.88 | 52.88 |
| MFS VIT II Blended Research Core Equity Portfolio S Class | 306 | 18479 | 18275 | 18275 | 304 | 60.02 | 60.02 |
| MFS VIT II Government Securities Portfolio I Class | 4035 | 47336 | 43659 | 43659 | 2617 | 16.68 | 16.68 |
| MFS VIT II Government Securities Portfolio S Class | 347 | 3870 | 3730 | 3730 | 283 | 13.19 | 13.19 |
| MFS VIT II High Yield Portfolio I Class | 19051 | 100796 | 96970 | 96970 | 4197 | 14.91 | 27.34 |
| MFS VIT II High Yield Portfolio Service Class | 840 | 4619 | 4219 | 4219 | 159 | 26.60 | 26.60 |

---

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

Delaware Life NY Variable Account C - Futurity

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Number of |  | Assets at |  | Units |  |  |
| SubAccount | Shares | Cost | Market Value | Net Assets | Outstanding | Range of Unit Values | Range of Unit Values |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | 2472 | $51877 | $55749 | $55749 | 1468 | $37.97 | $37.97 |
| MFS VIT III Blended Research Small Cap Equity Portfolio | 13122 | 122882 | 128199 | 128199 | 2945 | 43.04 | 45.75 |
| MFS VIT III Global Real Estate Portfolio | 9415 | 122624 | 119473 | 119473 | 2775 | 33.40 | 44.72 |
| MFS VIT III Mid Cap Value Portfolio | 1174 | 10642 | 11871 | 11871 | 312 | 37.38 | 38.40 |
| MFS VIT Total Return Series Initial Class | 17893 | 417468 | 417446 | 417446 | 20404 | 20.46 | 20.46 |
| MFS VIT Total Return Series Service Class | 14703 | 335219 | 332878 | 332878 | 17195 | 19.31 | 19.68 |
| PIMCO VIT Emerging Markets Bond Portfolio | 1566 | 17921 | 17888 | 17888 | 485 | 36.05 | 37.35 |
| PIMCO VIT Real Return Portfolio | 662 | 8326 | 7953 | 7953 | 457 | 16.95 | 17.56 |
| PIMCO VIT Total Return Portfolio | 2443 | 24932 | 23084 | 23084 | 1317 | 17.11 | 17.72 |
| Templeton Growth VIP Fund | 956 | 10758 | 13523 | 13523 | 400 | 33.82 | 33.82 |

---

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

Delaware Life NY Variable Account C - Futurity

Statements of Operations and Change in Net Assets

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | AB VPS Relative<br> Value Portfolio | AB VPS Small Cap<br> Growth Portfolio | Alger Growth & <br> Income Portfolio |
| Net assets as of December 31, 2023 | $66721 | $7472 | $39070 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 920 |  | 262 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1113) | (119) | (618) |
| Net investment income (loss) | (193) | (119) | (356) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 2589 |  | 159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 318 | (518) | 787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 4661 | 1893 | 7644 |
| Net gain (loss) on investments | 7568 | 1375 | 8590 |
| Net increase (decrease) in net assets from operations | 7375 | 1256 | 8234 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (453) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  |  | (206) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (11) | (5) | (6) |
| Increase (decrease) in net assets from contract transactions | (11) | (458) | (212) |
| Total increase (decrease) in net assets | 7364 | 798 | 8022 |
| Net assets as of December 31, 2024 | $74085 | $8270 | $47092 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 683 |  | 312 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1160) | (116) | (337) |
| Net investment income (loss) | (477) | (116) | (25) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 6379 |  | 2394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 328 | (540) | 16779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 97 | 874 | (15216) |
| Net gain (loss) on investments | 6804 | 334 | 3957 |
| Net increase (decrease) in net assets from operations | 6327 | 218 | 3932 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (475) | (29279) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 20 |  | (160) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (37) | (5) | (6) |
| Increase (decrease) in net assets from contract transactions | (17) | (480) | (29445) |
| Total increase (decrease) in net assets | 6310 | (262) | (25513) |
| Net assets as of December 31, 2025 | $80395 | $8008 | $21579 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Alger Small Cap<br> Growth Portfolio | Fidelity VIP <br> Contrafund <br> Portfolio | Fidelity VIP Growth<br> Portfolio |
| Net assets as of December 31, 2023 | $28899 | $26835 | $50990 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 118 | 3 |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (422) | (169) | (839) |
| Net investment income (loss) | (304) | (166) | (839) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 1169 | 12578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 31 | 1578 | 3566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 2189 | 1166 | (1492) |
| Net gain (loss) on investments | 2220 | 3913 | 14652 |
| Net increase (decrease) in net assets from operations | 1916 | 3747 | 13813 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (20338) | (4516) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | (167) | (3339) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (12) | (30) |
| Increase (decrease) in net assets from contract transactions | - | (20517) | (7885) |
| Total increase (decrease) in net assets | 1916 | (16770) | 5928 |
| Net assets as of December 31, 2024 | $30815 | $10065 | $56918 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  | 28 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (310) | (157) | (849) |
| Net investment income (loss) | (310) | (157) | (821) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 264 | 1761 | 7619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (3624) | 415 | 2469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 3972 | (95) | (2027) |
| Net gain (loss) on investments | 612 | 2081 | 8061 |
| Net increase (decrease) in net assets from operations | 302 | 1924 | 7240 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (8367) | (760) | (4778) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | 2 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | - | (34) |
| Increase (decrease) in net assets from contract transactions | (8367) | (758) | (4785) |
| Total increase (decrease) in net assets | (8065) | 1166 | 2455 |
| Net assets as of December 31, 2025 | $22750 | $11231 | $59373 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Fidelity VIP <br> Overseas Portfolio | First Eagle <br> Overseas Variable <br> Fund | Goldman Sachs <br> International Equity <br> Insights Fund |
| Net assets as of December 31, 2023 | $7836 | $59874 | $65400 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 118 | 982 | 1920 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (121) | (888) | (935) |
| Net investment income (loss) | (3) | 94 | 985 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 386 | 389 | 2234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 35 | (270) | 1357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (160) | 2573 | (1307) |
| Net gain (loss) on investments | 261 | 2692 | 2284 |
| Net increase (decrease) in net assets from operations | 258 | 2786 | 3269 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (7139) | (4230) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | 557 | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (40) | (27) |
| Increase (decrease) in net assets from contract transactions | - | (6622) | (3906) |
| Total increase (decrease) in net assets | 258 | (3836) | (637) |
| Net assets as of December 31, 2024 | $8094 | $56038 | $64763 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 129 | 994 | 1484 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (134) | (873) | (853) |
| Net investment income (loss) | (5) | 121 | 631 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 838 | 7153 | 7280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 42 | 1460 | 4820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 607 | 9170 | 6752 |
| Net gain (loss) on investments | 1487 | 17783 | 18852 |
| Net increase (decrease) in net assets from operations | 1482 | 17904 | 19483 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (7221) | (15040) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | (6404) | (10306) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (49) | (30) |
| Increase (decrease) in net assets from contract transactions | - | (13674) | (25376) |
| Total increase (decrease) in net assets | 1482 | 4230 | (5893) |
| Net assets as of December 31, 2025 | $9576 | $60268 | $58870 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Goldman Sachs <br> VIT Large Cap <br> Value Fund | Goldman Sachs <br> VIT Small Cap <br> Equity Insights <br> Fund | Goldman Sachs <br> VIT U.S. Equity <br> Insights Fund |
| Net assets as of December 31, 2023 | $220282 | $17657 | $36454 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 3487 | 194 | 281 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (3411) | (273) | (588) |
| Net investment income (loss) | 76 | (79) | (307) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 30111 | 1605 | 6078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (1636) | 32 | 378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 5566 | 1533 | 3524 |
| Net gain (loss) on investments | 34041 | 3170 | 9980 |
| Net increase (decrease) in net assets from operations | 34117 | 3091 | 9673 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (2480) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | (101) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (9) | (12) | (4) |
| Increase (decrease) in net assets from contract transactions | (2489) | (113) | (4) |
| Total increase (decrease) in net assets | 31628 | 2978 | 9669 |
| Net assets as of December 31, 2024 | $251910 | $20635 | $46123 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 2863 | 157 | 346 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (3563) | (290) | (662) |
| Net investment income (loss) | (700) | (133) | (316) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 35609 | 1792 | 6552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (3832) | 31 | 388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (7806) | 1252 | (98) |
| Net gain (loss) on investments | 23971 | 3075 | 6842 |
| Net increase (decrease) in net assets from operations | 23271 | 2942 | 6526 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (6702) | (359) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | (71) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (8) | (12) | (9) |
| Increase (decrease) in net assets from contract transactions | (6710) | (442) | (9) |
| Total increase (decrease) in net assets | 16561 | 2500 | 6517 |
| Net assets as of December 31, 2025 | $268471 | $23135 | $52640 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Invesco V.I. <br> American <br> Franchise Fund | Invesco V.I. Core<br> Equity Fund | Invesco V.I. EQV <br> International Equity <br> Fund |
| Net assets as of December 31, 2023 | $101772 | $21633 | $123477 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 175 | 2228 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1698) | (344) | (1780) |
| Net investment income (loss) | (1698) | (169) | 448 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 2100 | 662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 974 | (22) | 974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 34274 | 3234 | (2987) |
| Net gain (loss) on investments | 35248 | 5312 | (1351) |
| Net increase (decrease) in net assets from operations | 33550 | 5143 | (903) |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (360) | (121) | (3054) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 42 | 2 | 4153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (10) | (12) | (37) |
| Increase (decrease) in net assets from contract transactions | (328) | (131) | 1062 |
| Total increase (decrease) in net assets | 33222 | 5012 | 159 |
| Net assets as of December 31, 2024 | $134994 | $26645 | $123636 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 35 | 1684 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1881) | (120) | (1671) |
| Net investment income (loss) | (1881) | (85) | 13 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 12942 | 404 | 7472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 3491 | 1692 | 2311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (1345) | (939) | 7245 |
| Net gain (loss) on investments | 15088 | 1157 | 17028 |
| Net increase (decrease) in net assets from operations | 13207 | 1072 | 17041 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (4566) | (21975) | (18748) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (49) |  | (1278) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (10) | (13) | (40) |
| Increase (decrease) in net assets from contract transactions | (4625) | (21988) | (20066) |
| Total increase (decrease) in net assets | 8582 | (20916) | (3025) |
| Net assets as of December 31, 2025 | $143576 | $5729 | $120611 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | LVIP JPMorgan <br> Small Cap Core <br> Fund | LVIP JPMorgan <br> U.S. Equity Fund | MFS U.S. <br> Government <br> Money Market <br> Portfolio |
| Net assets as of December 31, 2023 | $44060 | $38552 | $413252 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 329 | 184 | 11358 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (640) | (591) | (3451) |
| Net investment income (loss) | (311) | (407) | 7907 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 614 | 1841 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 4995 | 8220 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (761) | (926) | - |
| Net gain (loss) on investments | 4848 | 9135 | - |
| Net increase (decrease) in net assets from operations | 4537 | 8728 | 7907 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (7890) | (10048) | (268003) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  |  | 388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (19) | (14) | (126) |
| Increase (decrease) in net assets from contract transactions | (7909) | (10062) | (267741) |
| Total increase (decrease) in net assets | (3372) | (1334) | (259834) |
| Net assets as of December 31, 2024 | $40688 | $37218 | $153418 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 263 | 183 | 5638 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (562) | (540) | (2136) |
| Net investment income (loss) | (299) | (357) | 3502 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 3351 | 1135 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 329 | 426 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 177 | 3617 | - |
| Net gain (loss) on investments | 3857 | 5178 | - |
| Net increase (decrease) in net assets from operations | 3558 | 4821 | 3502 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  |  | (10057) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (1) |  | (186) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (14) | (8) | (110) |
| Increase (decrease) in net assets from contract transactions | (15) | (8) | (10353) |
| Total increase (decrease) in net assets | 3543 | 4813 | (6851) |
| Net assets as of December 31, 2025 | $44231 | $42031 | $146567 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT I Growth<br> Series Initial Class | MFS VIT I Growth <br> Series Service <br> Class | MFS VIT I Mid Cap<br> Growth Series |
| Net assets as of December 31, 2023 | $288809 | $40493 | $345094 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (4661) | (705) | (5152) |
| Net investment income (loss) | (4661) | (705) | (5152) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 25294 | 4038 | 23213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 17412 | 403 | 3206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 45970 | 8107 | 23479 |
| Net gain (loss) on investments | 88676 | 12548 | 49898 |
| Net increase (decrease) in net assets from operations | 84015 | 11843 | 44746 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (9160) |  | (23726) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (11304) |  | (4963) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (33) | - | (53) |
| Increase (decrease) in net assets from contract transactions | (20497) | - | (28742) |
| Total increase (decrease) in net assets | 63518 | 11843 | 16004 |
| Net assets as of December 31, 2024 | $352327 | $52336 | $361098 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (5005) | (792) | (5060) |
| Net investment income (loss) | (5005) | (792) | (5060) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 65287 | 10805 | 60466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 13949 | 451 | 1201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (36991) | (5081) | (47941) |
| Net gain (loss) on investments | 42245 | 6175 | 13726 |
| Net increase (decrease) in net assets from operations | 37240 | 5383 | 8666 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (13348) |  | (22588) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 148 |  | 5402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (32) | - | (51) |
| Increase (decrease) in net assets from contract transactions | (13232) | - | (17237) |
| Total increase (decrease) in net assets | 24008 | 5383 | (8571) |
| Net assets as of December 31, 2025 | $376335 | $57719 | $352527 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT I New <br> Discovery Series <br> Initial Class | MFS VIT I New <br> Discovery Series <br> Service Class | MFS VIT I <br> Research Series |
| Net assets as of December 31, 2023 | $100711 | $25816 | $13173 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1437) | (378) | (18) |
| Net investment income (loss) | (1437) | (378) | (18) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (3124) | (4052) | 2421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 9543 | 5689 | (1996) |
| Net gain (loss) on investments | 6419 | 1637 | 425 |
| Net increase (decrease) in net assets from operations | 4982 | 1259 | 407 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (8769) | (4026) | (13462) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 429 | 246 | (109) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (48) | (8) | (9) |
| Increase (decrease) in net assets from contract transactions | (8388) | (3788) | (13580) |
| Total increase (decrease) in net assets | (3406) | (2529) | (13173) |
| Net assets as of December 31, 2024 | $97305 | $23287 | $- |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1287) | (338) | - |
| Net investment income (loss) | (1287) | (338) | - |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (7671) | (3024) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 19117 | 5763 | - |
| Net gain (loss) on investments | 11446 | 2739 | - |
| Net increase (decrease) in net assets from operations | 10159 | 2401 | - |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (14954) | (4032) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (1103) | 129 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (38) | (12) | - |
| Increase (decrease) in net assets from contract transactions | (16095) | (3915) | - |
| Total increase (decrease) in net assets | (5936) | (1514) | - |
| Net assets as of December 31, 2025 | $91369 | $21773 | $- |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT I Total <br> Return Bond <br> Series | MFS VIT I Utilities<br> Series Initial Class | MFS VIT I Utilities <br> Series Service <br> Class |
| Net assets as of December 31, 2023 | $106996 | $172065 | $27669 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 4745 | 3993 | 616 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1523) | (2439) | (456) |
| Net investment income (loss) | 3222 | 1554 | 160 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 4928 | 857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (2004) | 1825 | (211) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 301 | 7870 | 1904 |
| Net gain (loss) on investments | (1703) | 14623 | 2550 |
| Net increase (decrease) in net assets from operations | 1519 | 16177 | 2710 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (12102) | (9868) | (1465) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 4651 | (54) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (46) | (33) | (8) |
| Increase (decrease) in net assets from contract transactions | (7497) | (9955) | (1473) |
| Total increase (decrease) in net assets | (5978) | 6222 | 1237 |
| Net assets as of December 31, 2024 | $101018 | $178287 | $28906 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 3827 | 5554 | 839 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1209) | (2648) | (473) |
| Net investment income (loss) | 2618 | 2906 | 366 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 2540 | 418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (4060) | 568 | (105) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 6635 | 17819 | 3078 |
| Net gain (loss) on investments | 2575 | 20927 | 3391 |
| Net increase (decrease) in net assets from operations | 5193 | 23833 | 3757 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (30477) | (1416) | (1592) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 2552 | 13 | (300) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (48) | (22) | (23) |
| Increase (decrease) in net assets from contract transactions | (27973) | (1425) | (1915) |
| Total increase (decrease) in net assets | (22780) | 22408 | 1842 |
| Net assets as of December 31, 2025 | $78238 | $200695 | $30748 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT I Value <br> Series | MFS VIT II <br> Blended Research <br> Core Equity <br> Portfolio I Class | MFS VIT II <br> Blended Research <br> Core Equity <br> Portfolio S Class |
| Net assets as of December 31, 2023 | $282693 | $60538 | $13040 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 4256 | 710 | 118 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (3825) | (980) | (244) |
| Net investment income (loss) | 431 | (270) | (126) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 19274 | 4839 | 1057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 11798 | 283 | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (5075) | 9526 | 2105 |
| Net gain (loss) on investments | 25997 | 14648 | 3147 |
| Net increase (decrease) in net assets from operations | 26428 | 14378 | 3021 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (49823) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (1962) | 3 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (113) | (22) | (16) |
| Increase (decrease) in net assets from contract transactions | (51898) | (19) | (13) |
| Total increase (decrease) in net assets | (25470) | 14359 | 3008 |
| Net assets as of December 31, 2024 | $257223 | $74897 | $16048 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 3884 | 349 | 129 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (3405) | (561) | (270) |
| Net investment income (loss) | 479 | (212) | (141) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 18070 | 5998 | 3060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 9083 | 12412 | (18) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (495) | (12982) | (658) |
| Net gain (loss) on investments | 26658 | 5428 | 2384 |
| Net increase (decrease) in net assets from operations | 27137 | 5216 | 2243 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (38420) | (43558) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (1234) |  | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (110) | (24) | (29) |
| Increase (decrease) in net assets from contract transactions | (39764) | (43582) | (16) |
| Total increase (decrease) in net assets | (12627) | (38366) | 2227 |
| Net assets as of December 31, 2025 | $244596 | $36531 | $18275 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II <br> Government <br> Securities Portfolio <br> I Class | MFS VIT II <br> Government <br> Securities Portfolio <br> S Class | MFS VIT II High <br> Yield Portfolio I <br> Class |
| Net assets as of December 31, 2023 | $50226 | $5138 | $115016 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 1665 | 172 | 6948 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (628) | (73) | (1639) |
| Net investment income (loss) | 1037 | 99 | 5309 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (1537) | (53) | (1741) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 449 | (91) | 2514 |
| Net gain (loss) on investments | (1088) | (144) | 773 |
| Net increase (decrease) in net assets from operations | (51) | (45) | 6082 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (6080) | (707) | (14029) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (4265) |  | 1416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (43) | - | (56) |
| Increase (decrease) in net assets from contract transactions | (10388) | (707) | (12669) |
| Total increase (decrease) in net assets | (10439) | (752) | (6587) |
| Net assets as of December 31, 2024 | $39787 | $4386 | $108429 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 2068 | 178 | 6745 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (640) | (62) | (1429) |
| Net investment income (loss) | 1428 | 116 | 5316 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (2574) | (60) | (2255) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 3622 | 159 | 3932 |
| Net gain (loss) on investments | 1048 | 99 | 1677 |
| Net increase (decrease) in net assets from operations | 2476 | 215 | 6993 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (5913) | (718) | (21506) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 7352 | (153) | 3106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (43) | - | (52) |
| Increase (decrease) in net assets from contract transactions | 1396 | (871) | (18452) |
| Total increase (decrease) in net assets | 3872 | (656) | (11459) |
| Net assets as of December 31, 2025 | $43659 | $3730 | $96970 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II High <br> Yield Portfolio <br> Service Class | MFS VIT II <br> Massachusetts <br> Investors Growth <br> Stock Portfolio I <br> Class | MFS VIT III <br> Blended Research <br> Small Cap Equity <br> Portfolio |
| Net assets as of December 31, 2023 | $3781 | $65280 | $153374 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 233 | 253 | 1362 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (65) | (1007) | (2021) |
| Net investment income (loss) | 168 | (754) | (659) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 6337 | 1133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (11) | 495 | (2896) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 22 | 3528 | 7575 |
| Net gain (loss) on investments | 11 | 10360 | 5812 |
| Net increase (decrease) in net assets from operations | 179 | 9606 | 5153 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  |  | (23473) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | (234) | 2353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (3) | (55) | (40) |
| Increase (decrease) in net assets from contract transactions | (3) | (289) | (21160) |
| Total increase (decrease) in net assets | 176 | 9317 | (16007) |
| Net assets as of December 31, 2024 | $3957 | $74597 | $137367 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 269 | 144 | 1284 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (67) | (789) | (1807) |
| Net investment income (loss) | 202 | (645) | (523) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 7584 | 12686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (10) | 6111 | 2210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 74 | (8398) | (8328) |
| Net gain (loss) on investments | 64 | 5297 | 6568 |
| Net increase (decrease) in net assets from operations | 266 | 4652 | 6045 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (23258) | (17654) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 3 | (187) | 2480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (7) | (55) | (39) |
| Increase (decrease) in net assets from contract transactions | (4) | (23500) | (15213) |
| Total increase (decrease) in net assets | 262 | (18848) | (9168) |
| Net assets as of December 31, 2025 | $4219 | $55749 | $128199 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT III Global <br> Real Estate <br> Portfolio | MFS VIT III Mid <br> Cap Value <br> Portfolio | MFS VIT Total <br> Return Series <br> Initial Class |
| Net assets as of December 31, 2023 | $145053 | $14538 | $411307 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 2793 | 172 | 9870 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1886) | (214) | (5613) |
| Net investment income (loss) | 907 | (42) | 4257 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 580 | 19106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (1335) | 1515 | 2746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (4559) | (392) | (1515) |
| Net gain (loss) on investments | (5894) | 1703 | 20337 |
| Net increase (decrease) in net assets from operations | (4987) | 1661 | 24594 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (18498) | (2547) | (38979) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 5693 | (519) | (10480) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (48) | (5) | (238) |
| Increase (decrease) in net assets from contract transactions | (12853) | (3071) | (49697) |
| Total increase (decrease) in net assets | (17840) | (1410) | (25103) |
| Net assets as of December 31, 2024 | $127213 | $13128 | $386204 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 2066 | 129 | 11197 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (1708) | (188) | (5671) |
| Net investment income (loss) | 358 | (59) | 5526 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 1123 | 29857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (507) | 646 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 2737 | (1173) | 2422 |
| Net gain (loss) on investments | 2230 | 596 | 32300 |
| Net increase (decrease) in net assets from operations | 2588 | 537 | 37826 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (14098) | (2511) | (25233) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 3816 | 725 | 18857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (46) | (8) | (208) |
| Increase (decrease) in net assets from contract transactions | (10328) | (1794) | (6584) |
| Total increase (decrease) in net assets | (7740) | (1257) | 31242 |
| Net assets as of December 31, 2025 | $119473 | $11871 | $417446 |

---

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

Delaware Life NY Variable Account C - Futurity<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT Total <br> Return Series <br> Service Class | PIMCO VIT <br> Emerging Markets <br> Bond Portfolio | PIMCO VIT Real<br> Return Portfolio |
| Net assets as of December 31, 2023 | $302351 | $21682 | $14006 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 7223 | 1339 | 258 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (5018) | (314) | (152) |
| Net investment income (loss) | 2205 | 1025 | 106 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 15494 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (88) | (863) | (648) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (166) | 1051 | 607 |
| Net gain (loss) on investments | 15240 | 188 | (41) |
| Net increase (decrease) in net assets from operations | 17445 | 1213 | 65 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (6765) | (3739) | (5222) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | 219 | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (96) | (6) | (4) |
| Increase (decrease) in net assets from contract transactions | (6861) | (3526) | (5243) |
| Total increase (decrease) in net assets | 10584 | (2313) | (5178) |
| Net assets as of December 31, 2024 | $312935 | $19369 | $8828 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 8230 | 1294 | 290 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (5137) | (281) | (132) |
| Net investment income (loss) | 3093 | 1013 | 158 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 24213 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (62) | (828) | (130) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 1189 | 2148 | 511 |
| Net gain (loss) on investments | 25340 | 1320 | 381 |
| Net increase (decrease) in net assets from operations | 28433 | 2333 | 539 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (8393) | (3766) | (1169) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 193 | (38) | (242) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (290) | (10) | (3) |
| Increase (decrease) in net assets from contract transactions | (8490) | (3814) | (1414) |
| Total increase (decrease) in net assets | 19943 | (1481) | (875) |
| Net assets as of December 31, 2025 | $332878 | $17888 | $7953 |

---

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

Delaware Life NY Variable Account C - Futurity <br> Statements of Operations and Change in Net Assets (continued) <br> Years Ended December 31, 2025 and 2024

---

| | | |
|:---|:---|:---|
|  | PIMCO VIT Total <br> Return Portfolio | Templeton Growth <br> VIP Fund |
| Net assets as of December 31, 2023 | $31854 | $12179 |
| Investment income (loss): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 1080 | 121 |
| Investment Expenses: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (405) | (187) |
| Net investment income (loss) | 675 | (66) |
| Increase (decrease) in net assets from operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (1629) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 1205 | 510 |
| Net gain (loss) on investments | (424) | 555 |
| Net increase (decrease) in net assets from operations | 251 | 489 |
| Contract owner transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (8644) | (804) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 1472 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (17) | - |
| Increase (decrease) in net assets from contract transactions | (7189) | (804) |
| Total increase (decrease) in net assets | (6938) | (315) |
| Net assets as of December 31, 2024 | $24916 | $11864 |
| Investment income (loss): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 982 | 114 |
| Investment Expenses: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (361) | (190) |
| Net investment income (loss) | 621 | (76) |
| Increase (decrease) in net assets from operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (1164) | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 2236 | 1602 |
| Net gain (loss) on investments | 1072 | 2651 |
| Net increase (decrease) in net assets from operations | 1693 | 2575 |
| Contract owner transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (4414) | (916) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 908 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (19) | - |
| Increase (decrease) in net assets from contract transactions | (3525) | (916) |
| Total increase (decrease) in net assets | (1832) | 1659 |
| Net assets as of December 31, 2025 | $23084 | $13523 |

---

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

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements

December 31, 2025

**Note 1. Organization**

Delaware Life NY Variable Account C - Futurity (the "Separate Account") is a separate account of Nassau Life Insurance Company ("NNY", the "Company", the "Sponsor", "we" or "us"). NNY is a wholly-owned subsidiary of The Nassau Companies of New York ("NCNY"), whose ultimate parent is Nassau Insurance Group Holdings G.P., LLC ("Nassau"). Founded in April 2015, Nassau is a privately held insurance and reinsurance business focused on building a franchise across the insurance value chain. NCNY is a holding company for NNY. On July 1, 2023, NNY completed its acquisition of Delaware Life Insurance Company of New York ("DLNY") from Delaware Life Insurance Company, after receipt of insurance regulatory approval by the New York Department of Financial Services (the "NYDFS" or the "Department"). Effective July 5, 2023, DLNY merged with and into NNY pursuant to a merger agreement with NNY as the surviving entity.

The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended and was established on April 2015. As directed by the owners, amounts directed to each subaccount are invested in a designated mutual fund as follows:

---

| | |
|:---|:---|
| **Subaccount** | **Share Class** |
| AB VPS Relative Value Portfolio | Class B |
| AB VPS Small Cap Growth Portfolio | Class B |
| AB VPS Sustainable Global Thematic Portfolio | Class B |
| Alger Growth & Income Portfolio | I-2 |
| Alger Small Cap Growth Portfolio | I-2 |
| Fidelity VIP Contrafund Portfolio | Service Class 2 |
| Fidelity VIP Growth Portfolio | Service Class 2 |
| Fidelity VIP Overseas Portfolio | Service Class 2 |
| First Eagle Overseas Variable Fund |  |
| Goldman Sachs International Equity Insights Fund | I Class |
| Goldman Sachs VIT Large Cap Value Fund | I Class |
| Goldman Sachs VIT Small Cap Equity Insights Fund | I Class |
| Goldman Sachs VIT Strategic Growth | Inst Class |
| Goldman Sachs VIT U.S. Equity Insights Fund | I Class |
| Invesco V.I. American Franchise Fund | Series I |
| Invesco V.I. Core Equity Fund | Series I |
| Invesco V.I. Discovery Mid Cap Growth Fund | Series I |
| Invesco V.I. EQV International Equity Fund | Series I |
| Invesco V.I. Small Cap Equity Fund | Series I |
| LVIP JPMorgan Small Cap Core Fund | Standard Class |
| LVIP JPMorgan U.S. Equity Fund | Standard Class |
| MFS U.S. Government Money Market Portfolio | Initial Class |
| MFS VIT I Growth Series | Initial Class |
| MFS VIT I Growth Series | Service Class |
| MFS VIT I Mid Cap Growth Series | Initial Class |
| MFS VIT I New Discovery Series | Initial Class |
| MFS VIT I New Discovery Series | Service Class |
| MFS VIT I Research Series | Initial Class |
| MFS VIT I Total Return Bond Series | Initial Class |
| MFS VIT I Utilities Series | Initial Class |
| MFS VIT I Utilities Series | Service Class |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 1. Organization (continued)**

---

| | |
|:---|:---|
| **Subaccount** | **Share Class** |
| MFS VIT I Value Series | Initial Class |
| MFS VIT II Blended Research Core Equity Portfolio | I Class |
| MFS VIT II Blended Research Core Equity Portfolio | S Class |
| MFS VIT II Government Securities Portfolio | I Class |
| MFS VIT II Government Securities Portfolio | S Class |
| MFS VIT II High Yield Portfolio | I Class |
| MFS VIT II High Yield Portfolio | Service Class |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio | I Class |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio | S Class |
| MFS VIT III Blended Research Small Cap Equity Portfolio | Initial Class |
| MFS VIT III Global Real Estate Portfolio | Initial Class |
| MFS VIT III Mid Cap Value Portfolio | Initial Class |
| MFS VIT Total Return Series | Initial Class |
| MFS VIT Total Return Series | Service Class |
| PIMCO VIT Emerging Markets Bond Portfolio | Admin Class |
| PIMCO VIT Real Return Portfolio | Admin Class |
| PIMCO VIT Total Return Portfolio | Admin Class |
| Rydex VT NASDAQ-100 Fund |  |
| Rydex VT Nova Fund |  |
| Templeton Foreign VIP Fund | Class 2 |
| Templeton Growth VIP Fund | Class 2 |

---

Fifty-two subaccounts are currently offered by the Separate Account. The following subaccounts had no activity for two consecutive years and are not included in the Statements of Net Assets or the Statements of Operations and Change in Net Assets:

**Subaccount**

AB VPS Sustainable Global Thematic Portfolio

Goldman Sachs VIT Strategic Growth

Invesco V.I. Discovery Mid Cap Growth Fund

Invesco V.I. Small Cap Equity Fund

MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class

Rydex VT NASDAQ-100 Fund

Rydex VT Nova Fund

Templeton Foreign VIP Fund

**Note 2. Additions, Mergers, Liquidations and Name Changes**

A. Additions

There were no fund additions in 2024 or 2025.

B. Mergers

There were no fund mergers in 2024 or 2025.

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 2. Additions, Mergers, Liquidations and Name Changes (continued)**

C. Liquidations

During the last two years the following subaccount was liquidated and subsequently reinvested:

---

| | | | |
|:---|:---|:---|:---|
| <br>**Date** | <br>**Liquidated Subaccount** | <br>**Reinvested Subaccount** | **Transferred**<br>**Assets ($)** |
| April 15, 2024 | AB VPS Sustainable International Thematic Portfolio | MFS U.S. Government Money Market Portfolio |  |
| D. Name Changes |  |  |  |

---

There were no name changes in 2024 or 2025.

**Note 3. Significant Accounting Policies**

**Investment Valuation**

Investments in mutual fund shares are carried in the statements of net assets at market value (net asset value of the underlying mutual fund). Investment transactions are accounted for on the trade date. Realized capital gains and losses on sales of investments are determined based on the average cost of investments sold. The difference between cost and current market value of investments owned on the day of measurement is recorded as unrealized appreciation or depreciation of investments.

**Market Risk**

Each subaccount invests in shares of a single underlying fund. The investment performance of each subaccount will reflect the investment performance of the underlying fund less separate account expenses. There is no assurance that the investment objective of any underlying fund will be met. A fund calculates a daily net asset value per share ("NAV") which is based on the market value of its investment portfolio. The amount of risk varies significantly between subaccounts. Due to the level of risk associated with certain investment portfolios, it is at least reasonably possible that changes in the values of investment portfolios will occur in the near term and that such changes could materially affect contract holder's investments in the funds and the amounts reported in the statements of net assets. The contract holder assumes all of the investment performance risk for the subaccounts selected.

**Contracts in Payout (Annuitization) Period**

Net assets allocated to contracts in the payout period are computed according to the 1983a Individual Annuitant Mortality Table, Annuity 2000 Mortality Table, or 2012 Individual Annuity Reserving Mortality Table depending on the particular product. The assumed interest return is also dependent on the particular product, and could range from 0.75 percent to 5.25 percent, as regulated by the laws of the respective states. During the payout period, the mortality risk is fully borne by NNY and may result in additional amounts being transferred into the Separate Account from NNY to cover greater longevity of annuitants than expected. Conversely, if amounts allocated during the payout period exceed amounts required, transfers of excess amounts from the Separate Account may be made to NNY. These amounts will appear in the "Maintenance charges and mortality adjustments" of the Statements of Operations and Change in Net Assets.

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 3. Significant Accounting Policies (continued)**

**Annuity Assets**

Annuity Assets relate to contracts that have annuitized and are in the payout period. Such assets are computed on the basis of published mortality tables using assumed interest rates that will provide assets as prescribed by law. In cases where the payout option selected is life contingent, NNY periodically recalculates the required annuity assets, and any resulting adjustment is either charged or credited to NNY and not to the Separate Account.

The annuity assets for December 31, 2025 by subaccount are as follows:

---

| | |
|:---|:---|
| **Subaccount** | **Annuity Assets** |
| Invesco V.I. American Franchise Fund | $277 |
| MFS U.S. Government Money Market Portfolio | 13972 |
| MFS VIT I Mid Cap Growth Series | 2167 |
| MFS VIT I Total Return Bond Series | 718 |
| MFS VIT I Utilities Series Initial Class | 256 |
| MFS VIT I Utilities Series Service Class | 1545 |
| MFS VIT II Government Securities Portfolio I Class | 5663 |
| MFS VIT II Government Securities Portfolio S Class | 715 |
| MFS VIT III Global Real Estate Portfolio | 547 |
| MFS VIT Total Return Series Initial Class | 15116 |
| PIMCO VIT Real Return Portfolio | 1159 |

---

**Reinvestment of Dividends**

Dividend and capital gain distributions paid by the mutual funds to the Separate Account are reinvested in additional shares of each respective fund. Dividend income and capital gain distributions are recorded as income on the ex-dividend date.

**Federal Income Taxes**

The operations of the Separate Account are included in the federal income tax return of NNY, which is taxed as a life insurance company under the provisions of the Internal Revenue Code (IRC). Under the current provisions of the IRC, NNY does not expect to incur federal income taxes on the earnings of the Separate Account to the extent the earnings are credited under contracts. Based on this, no charge is being made currently to the Separate Account for federal income taxes. NNY will review periodically the status of this policy in the event of changes in the tax law.

**Use of Estimates**

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

In applying these estimates and assumptions, management makes subjective and complex judgments that frequently require assumptions about matters that are uncertain and inherently subject to change such as possibility for elevated mortality and investment market volatility.

**Fair Value Measurements**

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).

The Separate Account invests in shares of open-end mutual funds, which process contract holders directed purchases, sales and transfers on a daily basis at the funds' computed net asset values (NAVs). The fair value of

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 3. Significant Accounting Policies (continued)**

the Separate Account's assets is based on the NAVs of mutual funds, which are obtained from the custodians and reflect the fair values of the mutual fund investments. The NAV is calculated daily and is based on the fair values of the underlying securities.

Because the fund provides liquidity for the investments through purchases and redemptions at NAV, this may represent the fair value of the investment in the fund. That is, for an open-ended mutual fund, the fair value of an investment in the fund would not be expected to be higher than the amount that a new investor would be required to spend in order to directly invest in the mutual fund. Similarly, the hypothetical seller of the investment would not be expected to accept less in proceeds than it could receive by directly redeeming its investment with the fund.

The Separate Account measures the fair value of its investment in the Fund on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Separate Account has the ability to access.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument in an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs for the asset or liability, to the extent observable inputs are not available, representing the Separate Account's own assumptions about the assumptions a market participant would use in valuing the assets or liability, and would be based on the best information available.

Investments in Fund shares are valued using the reported net asset value of the respective Funds at the end of each New York Stock Exchange business day, as determined by the respective Funds. Investments held by the Separate Account are Level 1 within the hierarchy. There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2025.

The Separate Account had no financial liabilities as of December 31, 2025.

**Segment Disclosures**

An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The CODM is the 2VP Finance, Accounting Operations Department, who is responsible for reviewing subaccount financial statements and related Separate Account controls. The Separate Account represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on the investment selections of its contract holders. The financial information which is used by the CODM to assess the segment's performance and to make resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's financial statements. Segment assets are reported on the Statements of Operations and Change in Net Assets as net assets and significant segment expenses are reported in the Statements of Operations and Change in Net Assets. The CODM does not evaluate the business using asset or subaccount expense information.

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 4. Purchases and Proceeds from Sales of Investments**

The cost of investment purchases and proceeds from investments sold for the years ended December 31, 2025 and 2024, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2024** | **2024** |
| <br>**Subaccount** | <br>**Cost of Purchases** | **Proceeds from**<br>**Sales** | <br>**Cost of Purchases** | **Proceeds from**<br>**Sales** |
| AB VPS Relative Value Portfolio | $7062 | $1177 | $3509 | $1130 |
| AB VPS Small Cap Growth Portfolio |  | 596 |  | 578 |
| Alger Growth & Income Portfolio | 2717 | 29793 | 421 | 1093 |
| Alger Small Cap Growth Portfolio | 264 | 8677 | 118 | 423 |
| Fidelity VIP Contrafund Portfolio | 1761 | 915 | 1173 | 20689 |
| Fidelity VIP Growth Portfolio | 9224 | 7211 | 13461 | 9610 |
| Fidelity VIP Overseas Portfolio | 967 | 133 | 504 | 122 |
| First Eagle Overseas Variable Fund | 8147 | 14547 | 2659 | 8804 |
| Goldman Sachs International Equity Insights Fund | 8786 | 26251 | 6986 | 7678 |
| Goldman Sachs VIT Large Cap Value Fund | 38471 | 10271 | 33598 | 5919 |
| Goldman Sachs VIT Small Cap Equity Insights Fund | 1952 | 735 | 1799 | 519 |
| Goldman Sachs VIT U.S. Equity Insights Fund | 6897 | 669 | 6359 | 596 |
| Invesco V.I. American Franchise Fund | 12945 | 6510 |  | 2068 |
| Invesco V.I. Core Equity Fund | 440 | 22109 | 2275 | 477 |
| Invesco V.I. EQV International Equity Fund | 10651 | 23232 | 7625 | 5461 |
| LVIP JPMorgan Small Cap Core Fund | 3614 | 577 | 943 | 8553 |
| LVIP JPMorgan U.S. Equity Fund | 1319 | 549 | 2026 | 10656 |
| MFS U.S. Government Money Market Portfolio | 6953 | 13804 | 11921 | 271842 |
| MFS VIT I Growth Series Initial Class | 70364 | 23314 | 28968 | 28854 |
| MFS VIT I Growth Series Service Class | 10805 | 793 | 4038 | 708 |
| MFS VIT I Mid Cap Growth Series | 71929 | 33759 | 27326 | 38032 |
| MFS VIT I New Discovery Series Initial Class | 2823 | 20205 | 1973 | 11806 |
| MFS VIT I New Discovery Series Service Class | 1221 | 5474 | 1006 | 5175 |
| MFS VIT I Total Return Bond Series | 8768 | 34122 | 10846 | 15141 |
| MFS VIT I Utilities Series Initial Class | 8103 | 4083 | 8921 | 12407 |
| MFS VIT I Utilities Series Service Class | 1697 | 2828 | 1473 | 1931 |
| MFS VIT I Value Series | 25939 | 47153 | 25912 | 58345 |
| MFS VIT II Blended Research Core Equity Portfolio I Class | 6347 | 44142 | 5549 | 1005 |
| MFS VIT II Blended Research Core Equity Portfolio S Class | 3189 | 286 | 1175 | 257 |
| MFS VIT II Government Securities Portfolio I Class | 14789 | 11966 | 1665 | 7557 |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 4. Purchases and Proceeds from Sales of Investments (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025** | | **2024** | |
| <br>**Subaccount** | <br>**Cost of Purchases** | **Proceeds from**<br>**Sales** | <br>**Cost of Purchases** | **Proceeds from**<br>**Sales** |
| MFS VIT II Government Securities Portfolio S Class | $413 | $1168 | $172 | $780 |
| MFS VIT II High Yield Portfolio I Class | 10867 | 24003 | 10288 | 17656 |
| MFS VIT II High Yield Portfolio Service Class | 269 | 71 | 233 | 69 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | 7736 | 24297 | 6590 | 1624 |
| MFS VIT III Blended Research Small Cap Equity Portfolio | 22014 | 25065 | 7101 | 27799 |
| MFS VIT III Global Real Estate Portfolio | 6467 | 16437 | 13569 | 25525 |
| MFS VIT III Mid Cap Value Portfolio | 1973 | 2702 | 780 | 3315 |
| MFS VIT Total Return Series Initial Class | 73034 | 44234 | 28976 | 47205 |
| MFS VIT Total Return Series Service Class | 32443 | 13627 | 22717 | 11906 |
| PIMCO VIT Emerging Markets Bond Portfolio | 1926 | 4727 | 2034 | 4538 |
| PIMCO VIT Real Return Portfolio | 669 | 1926 | 258 | 5396 |
| PIMCO VIT Total Return Portfolio | 2349 | 5252 | 2689 | 9207 |
| Templeton Growth VIP Fund | 1095 | 1106 | 162 | 993 |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 5. Related Party Transactions and Charges and Deductions**

*Related-Party Transactions*

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

*Mortality and expense risk charges*

Charges for mortality and expense risks are based on the value of the Sub-Account and are deducted from the Separate Account at the end of each valuation period to cover the risks assumed by the Sponsor prior to the Sale Transaction. These charges are reflected on the Statements of Operations and Change in Net Assets. The deductions are calculated at different levels based upon the elections made by the contract holder and are transferred periodically to the Sponsor. As of December 31, 2025, the deduction is at an effective annual rate of the average daily value of the contract invested in the Separate Account as follows:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1 | &nbsp;&nbsp;&nbsp;Level 2 |
| Futurity NY contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;- |
| Futurity Accolade NY contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.30 | &nbsp;&nbsp;&nbsp;1.45 |
| All amounts are % |  |  |

---

*Distribution expense charges*

As reimbursement for administrative expenses attributable to Contracts which exceed the revenues received from the Account Fees, the Sponsor makes a deduction from the Sub-Account at the end of each valuation period at an effective annual rate of 0.15% of the net assets attributable to such Contracts, as reflected in the Statements of Operations and Change in Net Assets.

*Administrative charges*

Each year on the account anniversary date, an account administration fee ("Account Fee") of $30 is deducted from the participant's account, reflected in the Statements of Operations and Change in Net Assets, to reimburse the Sponsor for certain administrative expenses. After the annuity commencement date, the Account Fee will be deducted pro rata from each variable annuity payment made during the year. These charges are reported in the Statements of Operations and Change in Net Assets as part of "Maintenance charges and mortality adjustments".

*Surrender charges*

The Sponsor does not deduct a sales charge from purchase payments. However, a surrender charge (contingent deferred sales charge) may be deducted to cover certain expenses relating to the sale of the contract if the contract holder requests a full withdrawal prior to reaching the pay-out phase. In no event shall the aggregate withdrawal charges exceed 6% of the purchase payments made under Futurity NY contracts and 8% of the purchase payments made under Futurity Accolade NY contracts. These charges are reported in the Statements of Operations and Change in Net Assets as part of "Maintenance charges and mortality adjustments".

*Premium Taxes*

A deduction, when applicable, is made for premium taxes or similar state or local taxes. It is currently the policy of the Sponsor to make this deduction at the annuity commencement date. However, the Sponsor reserves the right to deduct such taxes when incurred.

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 6. Summary of Unit Transactions**

The changes in units outstanding for the periods December 31, 2025 and 2024, were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **2025** | | | **2024** | |
| <br>**Subaccount** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** |
| AB VPS Relative Value Portfolio |  |  |  | - | (1) | (1) |
| AB VPS Small Cap Growth Portfolio |  | (9) | (9) | - | (8) | (8) |
| Alger Growth & Income Portfolio |  | (802) | (802) | - | (13) | (13) |
| Alger Small Cap Growth Portfolio |  | (376) | (376) | - |  |  |
| Fidelity VIP Contrafund Portfolio |  | (8) | (8) | - | (333) | (333) |
| Fidelity VIP Growth Portfolio | 24 | (88) | (64) | 14 | (138) | (124) |
| Fidelity VIP Overseas Portfolio |  |  |  | - |  |  |
| First Eagle Overseas Variable Fund |  | (211) | (211) | 24 | (143) | (119) |
| Goldman Sachs International Equity Insights Fund | 1 | (1644) | (1643) | 214 | (493) | (279) |
| Goldman Sachs VIT Large Cap Value Fund |  | (198) | (198) | - | (76) | (76) |
| Goldman Sachs VIT Small Cap Equity Insights Fund |  | (9) | (9) | - | (6) | (6) |
| Goldman Sachs VIT U.S. Equity Insights Fund |  |  |  | - |  |  |
| Invesco V.I. American Franchise Fund |  | (99) | (99) | - | (9) | (9) |
| Invesco V.I. Core Equity Fund |  | (797) | (797) | - | (5) | (5) |
| Invesco V.I. EQV International Equity Fund | 75 | (1110) | (1035) | 256 | (194) | 62 |
| LVIP JPMorgan Small Cap Core Fund |  | (1) | (1) | - | (163) | (163) |
| LVIP JPMorgan U.S. Equity Fund |  |  |  | - | (129) | (129) |
| MFS U.S. Government Money Market Portfolio | 137 | (1199) | (1062) | 62 | (28494) | (28432) |
| MFS VIT I Growth Series Initial Class | 140 | (458) | (318) | 102 | (678) | (576) |
| MFS VIT I Growth Series Service Class |  |  |  | - |  |  |
| MFS VIT I Mid Cap Growth Series | 296 | (703) | (407) | 108 | (842) | (734) |
| MFS VIT I New Discovery Series Initial Class | 142 | (864) | (722) | 97 | (507) | (410) |
| MFS VIT I New Discovery Series Service Class | 64 | (242) | (178) | 51 | (236) | (185) |
| MFS VIT I Research Series |  |  |  | - | (413) | (413) |
| MFS VIT I Total Return Bond Series | 447 | (2967) | (2520) | 582 | (1253) | (671) |
| MFS VIT I Utilities Series Initial Class | 1 | (83) | (82) | - | (690) | (690) |
| MFS VIT I Utilities Series Service Class | 29 | (137) | (108) | - | (91) | (91) |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 6. Summary of Unit Transactions (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **2025** | | | **2024** | |
| <br>**Subaccount** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** |
| MFS VIT I Value Series | 128 | (1386) | (1258) | 81 | (1887) | (1806) |
| MFS VIT II Blended Research Core Equity Portfolio I Class |  | (931) | (931) | - |  |  |
| MFS VIT II Blended Research Core Equity Portfolio S Class |  | (1) | (1) | - |  |  |
| MFS VIT II Government Securities Portfolio I Class | 791 | (690) | 101 | - | (423) | (423) |
| MFS VIT II Government Securities Portfolio S Class | 18 | (84) | (66) | - | (57) | (57) |
| MFS VIT II High Yield Portfolio I Class | 191 | (995) | (804) | 170 | (803) | (633) |
| MFS VIT II High Yield Portfolio Service Class |  |  |  | - |  |  |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class |  | (661) | (661) | - | (18) | (18) |
| MFS VIT III Blended Research Small Cap Equity Portfolio | 207 | (551) | (344) | 115 | (625) | (510) |
| MFS VIT III Global Real Estate Portfolio | 108 | (353) | (245) | 265 | (548) | (283) |
| MFS VIT III Mid Cap Value Portfolio | 20 | (68) | (48) | 1 | (87) | (86) |
| MFS VIT Total Return Series Initial Class | 1732 | (2023) | (291) | - | (2261) | (2261) |
| MFS VIT Total Return Series Service Class |  | (452) | (452) | - | (385) | (385) |
| PIMCO VIT Emerging Markets Bond Portfolio | 19 | (128) | (109) | 23 | (132) | (109) |
| PIMCO VIT Real Return Portfolio | 22 | (103) | (81) | - | (327) | (327) |
| PIMCO VIT Total Return Portfolio | 80 | (285) | (205) | 100 | (548) | (448) |
| Templeton Growth VIP Fund |  | (28) | (28) | - | (28) | (28) |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights**

The Separate Account has a number of products, which have unique combinations of features and fees that are charged against the contract owner's subaccount balance. Differences in the fee structures result in a variety of unit values, expense ratios, and total returns. The information presented below identifies the range of lowest to highest expense ratios and the corresponding unit values and total returns. The summary may not reflect the minimum and maximum contract charges offered by the Separate Account as contract owners may not have selected all available and applicable contract options as discussed in Note 5.

A summary of units outstanding, unit values, net assets, investment income ratios, expense ratios and total return ratios for each of the five years in the period ended December 31, 2025, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| AB VPS Relative Value Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 1853 | 42.45 | 44.01 | 80395 | 0.89 | 1.45 | 1.60 | 8.46 | 8.61 |
| &nbsp;&nbsp;&nbsp;2024 | 1853 | 39.14 | 40.52 | 74085 | 1.26 | 1.45 | 1.60 | 10.94 | 11.11 |
| &nbsp;&nbsp;&nbsp;2023 | 1854 | 36.47 | 35.28 | 66721 | 1.39 | 1.45 | 1.60 | 9.94 | 10.11 |
| &nbsp;&nbsp;&nbsp;2022 | 2443 | 33.12 | 32.09 | 80158 | 1.11 | 1.45 | 1.60 | (5.94) | (5.80) |
| &nbsp;&nbsp;&nbsp;2021 | 2425 | 35.16 | 34.11 | 84502 | 0.64 | 1.45 | 1.60 | 25.80 | 25.99 |
| AB VPS Small Cap Growth Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 134 | 59.59 | 59.59 | 8008 |  | 1.45 | 1.45 | 2.94 | 2.94 |
| &nbsp;&nbsp;&nbsp;2024 | 143 | 57.89 | 57.89 | 8270 |  | 1.45 | 1.45 | 16.71 | 16.71 |
| &nbsp;&nbsp;&nbsp;2023 | 151 | 49.60 | 49.60 | 7472 |  | 1.45 | 1.45 | 16.03 | 16.03 |
| &nbsp;&nbsp;&nbsp;2022 | 159 | 42.75 | 42.75 | 6790 |  | 1.45 | 1.45 | (40.14) | (40.14) |
| &nbsp;&nbsp;&nbsp;2021 | 171 | 71.41 | 71.41 | 12177 |  | 1.45 | 1.45 | 7.62 | 7.62 |
| Alger Growth & Income Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 501 | 43.07 | 43.07 | 21579 | 1.29 | 1.40 | 1.40 | 19.14 | 19.14 |
| &nbsp;&nbsp;&nbsp;2024 | 1303 | 36.15 | 36.15 | 47092 | 0.59 | 1.40 | 1.40 | 20.94 | 20.94 |
| &nbsp;&nbsp;&nbsp;2023 | 1316 | 29.89 | 29.89 | 39070 | 1.40 | 1.40 | 1.40 | 22.22 | 22.22 |
| &nbsp;&nbsp;&nbsp;2022 | 1316 | 24.45 | 24.45 | 32078 | 1.42 | 1.40 | 1.40 | (16.15) | (16.15) |
| &nbsp;&nbsp;&nbsp;2021 | 1316 | 29.16 | 29.16 | 38401 | 1.15 | 1.40 | 1.40 | 29.84 | 29.84 |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Alger Small Cap Growth Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 905 | 25.13 | 25.13 | 22750 |  | 1.40 | 1.40 | 4.45 | 4.45 |
| &nbsp;&nbsp;&nbsp;2024 | 1281 | 24.06 | 24.06 | 30815 | 0.39 | 1.40 | 1.40 | 6.60 | 6.60 |
| &nbsp;&nbsp;&nbsp;2023 | 1281 | 22.57 | 22.57 | 28899 |  | 1.40 | 1.40 | 14.89 | 14.89 |
| &nbsp;&nbsp;&nbsp;2022 | 1281 | 19.64 | 19.64 | 25163 |  | 1.40 | 1.40 | (38.87) | (38.87) |
| &nbsp;&nbsp;&nbsp;2021 | 1281 | 32.13 | 32.13 | 41178 |  | 1.40 | 1.40 | (7.36) | (7.36) |
| Fidelity VIP Contrafund Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 120 | 93.60 | 93.60 | 11231 |  | 1.45 | 1.45 | 19.43 | 19.43 |
| &nbsp;&nbsp;&nbsp;2024 | 128 | 75.70 | 78.37 | 10065 | 0.03 | 1.45 | 1.60 | 31.31 | 31.52 |
| &nbsp;&nbsp;&nbsp;2023 | 461 | 59.59 | 57.65 | 26835 | 0.26 | 1.45 | 1.60 | 31.00 | 31.20 |
| &nbsp;&nbsp;&nbsp;2022 | 470 | 45.42 | 44.01 | 20882 | 0.07 | 1.45 | 1.60 | (27.66) | (27.55) |
| &nbsp;&nbsp;&nbsp;2021 | 2149 | 62.70 | 60.84 | 131015 | 0.03 | 1.45 | 1.60 | 25.48 | 25.67 |
| Fidelity VIP Growth Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 772 | 74.42 | 77.16 | 59373 | 0.05 | 1.45 | 1.60 | 12.77 | 12.94 |
| &nbsp;&nbsp;&nbsp;2024 | 836 | 65.99 | 68.32 | 56918 |  | 1.45 | 1.60 | 27.99 | 28.18 |
| &nbsp;&nbsp;&nbsp;2023 | 960 | 53.30 | 51.56 | 50990 | 0.00 | 1.45 | 1.60 | 33.73 | 33.93 |
| &nbsp;&nbsp;&nbsp;2022 | 1124 | 39.80 | 38.56 | 44590 | 0.35 | 1.45 | 1.60 | (25.85) | (25.73) |
| &nbsp;&nbsp;&nbsp;2021 | 1180 | 53.59 | 51.99 | 63081 |  | 1.45 | 1.60 | 20.94 | 21.12 |
| Fidelity VIP Overseas Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 295 | 32.49 | 32.49 | 9576 | 1.41 | 1.45 | 1.45 | 18.32 | 18.32 |
| &nbsp;&nbsp;&nbsp;2024 | 295 | 27.46 | 27.46 | 8094 | 1.41 | 1.45 | 1.45 | 3.27 | 3.27 |
| &nbsp;&nbsp;&nbsp;2023 | 295 | 26.59 | 26.59 | 7836 | 0.81 | 1.45 | 1.45 | 18.49 | 18.49 |
| &nbsp;&nbsp;&nbsp;2022 | 295 | 22.44 | 22.44 | 6616 | 0.86 | 1.45 | 1.45 | (25.77) | (25.77) |
| &nbsp;&nbsp;&nbsp;2021 | 289 | 30.24 | 30.24 | 8741 | 0.33 | 1.45 | 1.45 | 17.66 | 17.66 |
| First Eagle Overseas Variable Fund |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 814 | 71.94 | 74.52 | 60268 | 1.69 | 1.45 | 1.60 | 35.28 | 35.49 |
| &nbsp;&nbsp;&nbsp;2024 | 1025 | 53.18 | 55.00 | 56038 | 1.65 | 1.45 | 1.60 | 4.40 | 4.54 |
| &nbsp;&nbsp;&nbsp;2023 | 1144 | 52.61 | 50.94 | 59874 |  | 1.45 | 1.60 | 8.32 | 8.49 |
| &nbsp;&nbsp;&nbsp;2022 | 1266 | 48.50 | 47.03 | 61107 | 2.04 | 1.45 | 1.60 | (9.63) | (9.49) |
| &nbsp;&nbsp;&nbsp;2021 | 1492 | 53.58 | 52.04 | 79622 | 0.92 | 1.45 | 1.60 | 2.78 | 2.93 |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Invest**ment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Goldman Sachs International Equity Insights Fund | Goldman Sachs International Equity Insights Fund |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 3271 | 18.00 | 58870 | 2.42 | 1.40 | 1.40 | 36.57 |
| &nbsp;&nbsp;&nbsp;2024 | 4914 | 13.18 | 64763 | 2.88 | 1.40 | 1.40 | 4.69 |
| &nbsp;&nbsp;&nbsp;2023 | 5193 | 12.59 | 65400 | 2.70 | 1.40 | 1.40 | 17.07 |
| &nbsp;&nbsp;&nbsp;2022 | 5604 | 10.76 | 60278 | 3.25 | 1.40 | 1.40 | (14.75) |
| &nbsp;&nbsp;&nbsp;2021 | 6306 | 12.62 | 79569 | 2.82 | 1.40 | 1.40 | 10.62 |
| Goldman Sachs VIT Large Cap Value Fund | Goldman Sachs VIT Large Cap Value Fund |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 7617 | 35.25 | 268471 | 1.12 | 1.40 | 1.40 | 9.37 |
| &nbsp;&nbsp;&nbsp;2024 | 7815 | 32.23 | 251910 | 1.43 | 1.40 | 1.40 | 15.44 |
| &nbsp;&nbsp;&nbsp;2023 | 7891 | 27.92 | 220282 | 1.79 | 1.40 | 1.40 | 11.45 |
| &nbsp;&nbsp;&nbsp;2022 | 7992 | 25.05 | 200164 | 1.37 | 1.40 | 1.40 | (7.66) |
| &nbsp;&nbsp;&nbsp;2021 | 8083 | 27.13 | 219260 | 1.19 | 1.40 | 1.40 | 22.42 |
| Goldman Sachs VIT Small Cap Equity Insights Fund | Goldman Sachs VIT Small Cap Equity Insights Fund | Goldman Sachs VIT Small Cap Equity Insights Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 440 | 52.63 | 23135 | 0.76 | 1.40 | 1.40 | 14.54 |
| &nbsp;&nbsp;&nbsp;2024 | 449 | 45.95 | 20635 | 1.00 | 1.40 | 1.40 | 17.40 |
| &nbsp;&nbsp;&nbsp;2023 | 455 | 39.14 | 17657 | 1.04 | 1.40 | 1.40 | 17.63 |
| &nbsp;&nbsp;&nbsp;2022 | 455 | 33.28 | 15076 | 0.32 | 1.40 | 1.40 | (20.49) |
| &nbsp;&nbsp;&nbsp;2021 | 455 | 41.85 | 19051 | 0.29 | 1.40 | 1.40 | 22.08 |
| Goldman Sachs VIT U.S. Equity Insights Fund | Goldman Sachs VIT U.S. Equity Insights Fund |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 1144 | 46.02 | 52640 | 0.73 | 1.40 | 1.40 | 14.14 |
| &nbsp;&nbsp;&nbsp;2024 | 1144 | 40.32 | 46123 | 0.67 | 1.40 | 1.40 | 26.55 |
| &nbsp;&nbsp;&nbsp;2023 | 1144 | 31.86 | 36454 | 0.71 | 1.40 | 1.40 | 22.10 |
| &nbsp;&nbsp;&nbsp;2022 | 1144 | 26.10 | 29863 | 0.01 | 0.01 | 0.01 | (0.21) |
| &nbsp;&nbsp;&nbsp;2021 | 1145 | 32.97 | 37737 | 0.83 | 1.40 | 1.40 | 27.62 |
| Invesco V.I. American Franchise Fund | Invesco V.I. American Franchise Fund |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 2792 | 51.43 | 143576 |  | 1.40 | 1.40 | 10.13 |
| &nbsp;&nbsp;&nbsp;2024 | 2891 | 46.70 | 134994 |  | 1.40 | 1.40 | 33.01 |
| &nbsp;&nbsp;&nbsp;2023 | 2900 | 35.11 | 101772 |  | 1.40 | 1.40 | 38.99 |
| &nbsp;&nbsp;&nbsp;2022 | 2906 | 25.26 | 73372 |  | 1.40 | 1.40 | (32.06) |
| &nbsp;&nbsp;&nbsp;2021 | 2912 | 37.19 | 108289 |  | 1.40 | 1.40 | 10.38 |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Invesco V.I. Core Equity Fund |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 184 | 31.13 | 31.13 | 5729 | 0.40 | 1.40 | 1.40 | 14.57 | 14.57 |
| &nbsp;&nbsp;&nbsp;2024 | 981 | 27.17 | 27.17 | 26645 | 0.71 | 1.40 | 1.40 | 23.84 | 23.84 |
| &nbsp;&nbsp;&nbsp;2023 | 986 | 21.94 | 21.94 | 21633 | 0.75 | 1.40 | 1.40 | 21.66 | 21.66 |
| &nbsp;&nbsp;&nbsp;2022 | 987 | 18.03 | 18.03 | 17793 | 0.93 | 1.40 | 1.40 | (21.64) | (21.64) |
| &nbsp;&nbsp;&nbsp;2021 | 987 | 23.01 | 23.01 | 22722 | 0.67 | 1.40 | 1.40 | 25.97 | 25.97 |
| Invesco V.I. EQV International Equity Fund | Invesco V.I. EQV International Equity Fund |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 5751 | 20.69 | 36.10 | 120611 | 1.40 | 1.40 | 1.45 | 14.79 | 14.88 |
| &nbsp;&nbsp;&nbsp;2024 | 6786 | 18.01 | 31.45 | 123636 | 1.76 | 1.40 | 1.45 | (0.85) | (0.77) |
| &nbsp;&nbsp;&nbsp;2023 | 6724 | 18.15 | 31.72 | 123477 | 0.20 | 1.40 | 1.45 | 16.44 | 16.52 |
| &nbsp;&nbsp;&nbsp;2022 | 6986 | 15.58 | 27.24 | 110066 | 1.72 | 1.40 | 1.45 | (19.49) | (19.43) |
| &nbsp;&nbsp;&nbsp;2021 | 7269 | 19.34 | 33.83 | 142097 | 1.20 | 1.40 | 1.45 | 4.36 | 4.43 |
| LVIP JPMorgan Small Cap Core Fund | LVIP JPMorgan Small Cap Core Fund |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 847 | 52.20 | 52.20 | 44231 | 0.65 | 1.40 | 1.40 | 8.75 | 8.75 |
| &nbsp;&nbsp;&nbsp;2024 | 848 | 48.00 | 48.00 | 40688 | 0.72 | 1.40 | 1.40 | 10.14 | 10.14 |
| &nbsp;&nbsp;&nbsp;2023 | 1011 | 43.58 | 43.58 | 44060 | 1.38 | 1.40 | 1.40 | 11.54 | 11.54 |
| &nbsp;&nbsp;&nbsp;2022 | 1012 | 39.07 | 39.07 | 39520 | 0.45 | 1.40 | 1.40 | (20.47) | (20.47) |
| &nbsp;&nbsp;&nbsp;2021 | 1012 | 49.12 | 49.12 | 49714 | 0.51 | 1.40 | 1.40 | 19.71 | 19.71 |
| LVIP JPMorgan U.S. Equity Fund |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 484 | 86.88 | 86.88 | 42031 | 0.47 | 1.40 | 1.40 | 12.96 | 12.96 |
| &nbsp;&nbsp;&nbsp;2024 | 484 | 76.91 | 76.91 | 37218 | 0.44 | 1.40 | 1.40 | 22.25 | 22.25 |
| &nbsp;&nbsp;&nbsp;2023 | 613 | 62.91 | 62.91 | 38552 | 1.58 | 1.40 | 1.40 | 25.41 | 25.41 |
| &nbsp;&nbsp;&nbsp;2022 | 613 | 50.16 | 50.16 | 30752 | 0.53 | 1.40 | 1.40 | (19.82) | (19.82) |
| &nbsp;&nbsp;&nbsp;2021 | 613 | 62.56 | 62.56 | 38368 | 0.73 | 1.40 | 1.40 | 27.55 | 27.55 |
| MFS U.S. Government Money Market Portfolio | MFS U.S. Government Money Market Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 14840 | 9.65 | 9.93 | 146567 | 3.78 | 1.40 | 1.60 | 2.22 | 2.37 |
| &nbsp;&nbsp;&nbsp;2024 | 15902 | 9.44 | 9.70 | 153418 | 4.79 | 1.40 | 1.60 | 3.17 | 3.41 |
| &nbsp;&nbsp;&nbsp;2023 | 44334 | 9.38 | 9.15 | 413252 | 4.53 | 1.40 | 1.60 | 2.93 | 3.15 |
| &nbsp;&nbsp;&nbsp;2022 | 20692 | 9.09 | 8.89 | 187409 | 1.11 | 1.40 | 1.60 | (0.44) | (0.22) |
| &nbsp;&nbsp;&nbsp;2021 | 23228 | 9.11 | 8.93 | 210777 |  | 1.40 | 1.60 | (1.60) | (1.38) |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT I Growth Series Initial Class | MFS VIT I Growth Series Initial Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 8866 | 42.45 | 42.45 | 376335 |  | 1.40 | 1.40 | 10.66 | 10.66 |
| &nbsp;&nbsp;&nbsp;2024 | 9184 | 38.36 | 38.36 | 352327 |  | 1.40 | 1.40 | 29.64 | 29.64 |
| &nbsp;&nbsp;&nbsp;2023 | 9760 | 29.59 | 29.59 | 288809 |  | 1.40 | 1.40 | 33.99 | 33.99 |
| &nbsp;&nbsp;&nbsp;2022 | 10207 | 22.09 | 22.09 | 225403 |  | 1.40 | 1.40 | (32.58) | (32.58) |
| &nbsp;&nbsp;&nbsp;2021 | 10006 | 32.76 | 32.76 | 327772 |  | 1.40 | 1.40 | 21.83 | 21.83 |
| MFS VIT I Growth Series Service Class | MFS VIT I Growth Series Service Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 682 | 84.59 | 84.59 | 57719 |  | 1.45 | 1.45 | 10.29 | 10.29 |
| &nbsp;&nbsp;&nbsp;2024 | 682 | 76.70 | 76.70 | 52336 |  | 1.45 | 1.45 | 29.23 | 29.23 |
| &nbsp;&nbsp;&nbsp;2023 | 682 | 59.35 | 59.35 | 40493 |  | 1.45 | 1.45 | 33.55 | 33.55 |
| &nbsp;&nbsp;&nbsp;2022 | 683 | 44.44 | 44.44 | 30330 |  | 1.45 | 1.45 | (32.79) | (32.79) |
| &nbsp;&nbsp;&nbsp;2021 | 669 | 66.12 | 66.12 | 44259 |  | 1.45 | 1.45 | 21.45 | 21.45 |
| MFS VIT I Mid Cap Growth Series | MFS VIT I Mid Cap Growth Series |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 8646 | 39.68 | 40.83 | 352527 |  | 1.40 | 1.60 | 2.01 | 2.23 |
| &nbsp;&nbsp;&nbsp;2024 | 9053 | 38.90 | 39.94 | 361098 |  | 1.40 | 1.60 | 12.88 | 13.11 |
| &nbsp;&nbsp;&nbsp;2023 | 9787 | 35.31 | 34.46 | 345094 |  | 1.40 | 1.60 | 19.39 | 19.65 |
| &nbsp;&nbsp;&nbsp;2022 | 10209 | 29.51 | 28.86 | 300864 |  | 1.40 | 1.60 | (29.83) | (29.68) |
| &nbsp;&nbsp;&nbsp;2021 | 11687 | 41.97 | 41.14 | 488967 |  | 1.40 | 1.60 | 12.29 | 12.53 |
| MFS VIT I New Discovery Series Initial Class | MFS VIT I New Discovery Series Initial Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 3875 | 23.58 | 23.58 | 91369 |  | 1.40 | 1.40 | 11.38 | 11.38 |
| &nbsp;&nbsp;&nbsp;2024 | 4597 | 21.17 | 21.17 | 97305 |  | 1.40 | 1.40 | 5.22 | 5.22 |
| &nbsp;&nbsp;&nbsp;2023 | 5007 | 20.12 | 20.12 | 100711 |  | 1.40 | 1.40 | 12.84 | 12.84 |
| &nbsp;&nbsp;&nbsp;2022 | 5143 | 17.83 | 17.83 | 91683 |  | 1.40 | 1.40 | (30.73) | (30.73) |
| &nbsp;&nbsp;&nbsp;2021 | 4861 | 25.74 | 25.74 | 125089 |  | 1.40 | 1.40 | 0.39 | 0.39 |
| MFS VIT I New Discovery Series Service Class | MFS VIT I New Discovery Series Service Class | MFS VIT I New Discovery Series Service Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 963 | 22.34 | 22.73 | 21773 |  | 1.45 | 1.60 | 10.76 | 10.93 |
| &nbsp;&nbsp;&nbsp;2024 | 1141 | 20.17 | 20.49 | 23287 |  | 1.45 | 1.60 | 4.72 | 4.92 |
| &nbsp;&nbsp;&nbsp;2023 | 1326 | 19.53 | 19.26 | 25816 |  | 1.45 | 1.60 | 12.44 | 12.60 |
| &nbsp;&nbsp;&nbsp;2022 | 1536 | 17.35 | 17.13 | 26592 |  | 1.45 | 1.60 | (31.11) | (31.01) |
| &nbsp;&nbsp;&nbsp;2021 | 1521 | 25.14 | 24.86 | 38177 |  | 1.45 | 1.60 | (0.05) | 0.10 |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Invest**ment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT I Research Series |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 |  | 41.45 | 42.28 |  |  | 1.45 | 1.60 | 11.04 | 11.23 |
| &nbsp;&nbsp;&nbsp;2024 |  | 37.33 | 37.33 |  |  | 1.60 | 1.60 | 16.99 | 16.99 |
| &nbsp;&nbsp;&nbsp;2023 | 413 | 26.49 | 26.49 | 13173 | 0.52 | 1.60 | 1.60 | 20.47 | 20.47 |
| &nbsp;&nbsp;&nbsp;2022 | 413 | 32.51 | 32.51 | 10944 | 0.49 | 1.60 | 1.60 | (18.53) | (18.53) |
| &nbsp;&nbsp;&nbsp;2021 | 413 | 26.48 | 26.48 | 13441 | 0.54 | 1.60 | 1.60 | 22.81 | 22.81 |
| MFS VIT I Total Return Bond Series |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 6910 | 11.23 | 11.33 | 78238 | 4.42 | 1.40 | 1.45 | 5.64 | 5.69 |
| &nbsp;&nbsp;&nbsp;2024 | 9430 | 10.63 | 10.72 | 101018 | 4.38 | 1.40 | 1.45 | 1.05 | 1.13 |
| &nbsp;&nbsp;&nbsp;2023 | 10101 | 10.60 | 10.52 | 106996 | 3.24 | 1.40 | 1.45 | 5.83 | 5.90 |
| &nbsp;&nbsp;&nbsp;2022 | 10282 | 10.01 | 9.79 | 102814 | 2.27 | 1.40 | 1.45 | (15.31) | (15.12) |
| &nbsp;&nbsp;&nbsp;2021 | 12721 | 11.79 | 11.56 | 149590 | 2.71 | 1.40 | 1.60 | (2.40) | (2.18) |
| MFS VIT I Utilities Series Initial Class | MFS VIT I Utilities Series Initial Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 10919 | 18.38 | 18.38 | 200695 | 2.92 | 1.40 | 1.40 | 13.39 | 13.39 |
| &nbsp;&nbsp;&nbsp;2024 | 11001 | 16.21 | 16.21 | 178287 | 2.30 | 1.40 | 1.40 | 10.12 | 10.12 |
| &nbsp;&nbsp;&nbsp;2023 | 11691 | 14.72 | 14.72 | 172065 | 3.55 | 1.40 | 1.40 | (3.46) | (3.46) |
| &nbsp;&nbsp;&nbsp;2022 | 11749 | 15.25 | 15.25 | 179121 | 2.37 | 1.40 | 1.40 | (0.63) | (0.63) |
| &nbsp;&nbsp;&nbsp;2021 | 13126 | 15.34 | 15.34 | 201398 | 1.75 | 1.40 | 1.40 | 12.51 | 12.51 |
| MFS VIT I Utilities Series Service Class | MFS VIT I Utilities Series Service Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 1756 | 17.43 | 17.73 | 30748 | 2.77 | 1.45 | 1.60 | 12.96 | 13.07 |
| &nbsp;&nbsp;&nbsp;2024 | 1864 | 15.43 | 15.68 | 28906 | 2.12 | 1.45 | 1.60 | 9.51 | 9.73 |
| &nbsp;&nbsp;&nbsp;2023 | 1955 | 14.29 | 14.09 | 27669 | 3.37 | 1.45 | 1.60 | (3.89) | (3.74) |
| &nbsp;&nbsp;&nbsp;2022 | 2048 | 14.84 | 14.66 | 30162 | 1.62 | 1.45 | 1.60 | (1.12) | (0.97) |
| &nbsp;&nbsp;&nbsp;2021 | 2517 | 14.82 | 14.82 | 37316 | 1.54 | 1.60 | 1.60 | 12.01 | 12.01 |
| MFS VIT I Value Series | MFS VIT I Value Series |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 7322 | 32.50 | 33.44 | 244596 | 1.60 | 1.40 | 1.60 | 11.23 | 11.43 |
| &nbsp;&nbsp;&nbsp;2024 | 8580 | 29.22 | 30.01 | 257223 | 1.57 | 1.40 | 1.60 | 9.81 | 10.09 |
| &nbsp;&nbsp;&nbsp;2023 | 10386 | 27.26 | 26.61 | 282693 | 1.65 | 1.40 | 1.60 | 6.21 | 6.44 |
| &nbsp;&nbsp;&nbsp;2022 | 10504 | 25.61 | 25.05 | 268726 | 1.39 | 1.40 | 1.60 | (7.41) | (7.21) |
| &nbsp;&nbsp;&nbsp;2021 | 11332 | 27.60 | 27.06 | 312537 | 1.31 | 1.40 | 1.60 | 23.45 | 23.72 |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT II Blended Research Core Equity Portfolio I Class | MFS VIT II Blended Research Core Equity Portfolio I Class | MFS VIT II Blended Research Core Equity Portfolio I Class | MFS VIT II Blended Research Core Equity Portfolio I Class | MFS VIT II Blended Research Core Equity Portfolio I Class | MFS VIT II Blended Research Core Equity Portfolio I Class |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 691 | 52.88 | 52.88 | 36531 | 0.87 | 1.40 | 1.40 | 14.48 | 14.48 |
| &nbsp;&nbsp;&nbsp;2024 | 1622 | 46.19 | 46.19 | 74897 | 1.02 | 1.40 | 1.40 | 23.77 | 23.77 |
| &nbsp;&nbsp;&nbsp;2023 | 1622 | 37.32 | 37.32 | 60538 | 1.42 | 1.40 | 1.40 | 26.76 | 26.76 |
| &nbsp;&nbsp;&nbsp;2022 | 1623 | 29.44 | 29.44 | 47788 | 1.13 | 1.40 | 1.40 | (17.16) | (17.16) |
| &nbsp;&nbsp;&nbsp;2021 | 1624 | 35.54 | 35.54 | 57725 | 1.11 | 1.40 | 1.40 | 27.74 | 27.74 |
| MFS VIT II Blended Research Core Equity Portfolio S Class | MFS VIT II Blended Research Core Equity Portfolio S Class | MFS VIT II Blended Research Core Equity Portfolio S Class | MFS VIT II Blended Research Core Equity Portfolio S Class | MFS VIT II Blended Research Core Equity Portfolio S Class | MFS VIT II Blended Research Core Equity Portfolio S Class |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 304 | 60.02 | 60.02 | 18275 | 0.77 | 1.60 | 1.60 | 13.98 | 13.98 |
| &nbsp;&nbsp;&nbsp;2024 | 305 | 52.66 | 52.66 | 16048 | 0.79 | 1.60 | 1.60 | 23.15 | 23.15 |
| &nbsp;&nbsp;&nbsp;2023 | 305 | 42.76 | 42.76 | 13040 | 1.09 | 1.60 | 1.60 | 26.16 | 26.16 |
| &nbsp;&nbsp;&nbsp;2022 | 305 | 33.89 | 33.89 | 10349 | 0.86 | 1.60 | 1.60 | (17.54) | (17.54) |
| &nbsp;&nbsp;&nbsp;2021 | 306 | 41.10 | 41.10 | 12567 | 0.92 | 1.60 | 1.60 | 27.12 | 27.12 |
| MFS VIT II Government Securities Portfolio I Class | MFS VIT II Government Securities Portfolio I Class | MFS VIT II Government Securities Portfolio I Class | MFS VIT II Government Securities Portfolio I Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 2617 | 16.68 | 16.68 | 43659 | 4.49 | 1.40 | 1.40 | 5.50 | 5.50 |
| &nbsp;&nbsp;&nbsp;2024 | 2516 | 15.81 | 15.81 | 39787 | 3.72 | 1.40 | 1.40 | (0.63) | (0.63) |
| &nbsp;&nbsp;&nbsp;2023 | 2939 | 15.91 | 15.91 | 50226 | 1.33 | 1.40 | 1.40 | 2.71 | 2.71 |
| &nbsp;&nbsp;&nbsp;2022 | 4233 | 15.49 | 15.49 | 67784 | 2.07 | 1.40 | 1.40 | (13.47) | (13.47) |
| &nbsp;&nbsp;&nbsp;2021 | 5074 | 17.90 | 17.90 | 92368 | 2.19 | 1.40 | 1.40 | (3.24) | (3.24) |
| MFS VIT II Government Securities Portfolio S Class | MFS VIT II Government Securities Portfolio S Class | MFS VIT II Government Securities Portfolio S Class | MFS VIT II Government Securities Portfolio S Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 283 | 13.19 | 13.19 | 3730 | 4.20 | 1.45 | 1.45 | 5.10 | 5.10 |
| &nbsp;&nbsp;&nbsp;2024 | 349 | 12.55 | 12.55 | 4386 | 3.44 | 1.45 | 1.45 | (0.95) | (0.95) |
| &nbsp;&nbsp;&nbsp;2023 | 406 | 12.67 | 12.67 | 5138 | 1.25 | 1.45 | 1.45 | 2.36 | 2.36 |
| &nbsp;&nbsp;&nbsp;2022 | 778 | 12.38 | 11.99 | 9628 | 0.95 | 1.45 | 1.60 | (13.84) | (13.71) |
| &nbsp;&nbsp;&nbsp;2021 | 1926 | 14.35 | 13.92 | 26941 | 1.97 | 1.45 | 1.60 | (3.70) | (3.56) |
| MFS VIT II High Yield Portfolio I Class | MFS VIT II High Yield Portfolio I Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 4197 | 14.91 | 27.34 | 96970 | 6.69 | 1.40 | 1.60 | 6.88 | 7.17 |
| &nbsp;&nbsp;&nbsp;2024 | 5001 | 13.95 | 25.51 | 108429 | 6.06 | 1.40 | 1.60 | 5.20 | 5.42 |
| &nbsp;&nbsp;&nbsp;2023 | 5634 | 24.20 | 13.26 | 115016 | 5.82 | 1.40 | 1.60 | 10.62 | 10.86 |
| &nbsp;&nbsp;&nbsp;2022 | 5985 | 21.83 | 11.99 | 108517 | 5.32 | 1.40 | 1.60 | (11.94) | (11.75) |
| &nbsp;&nbsp;&nbsp;2021 | 7022 | 24.74 | 13.61 | 142756 | 5.14 | 1.40 | 1.60 | 1.84 | 2.06 |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT II High Yield Portfolio Service Class | MFS VIT II High Yield Portfolio Service Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 159 | 26.60 | 26.60 | 4219 | 6.59 | 1.60 | 1.60 | 6.74 | 6.74 |
| &nbsp;&nbsp;&nbsp;2024 | 159 | 24.92 | 24.92 | 3957 | 6.03 | 1.60 | 1.60 | 4.84 | 4.84 |
| &nbsp;&nbsp;&nbsp;2023 | 159 | 24.57 | 23.77 | 3781 | 5.56 | 1.60 | 1.60 | 10.69 | 10.86 |
| &nbsp;&nbsp;&nbsp;2022 | 433 | 22.17 | 21.48 | 9496 | 5.37 | 1.45 | 1.60 | (12.20) | (12.07) |
| &nbsp;&nbsp;&nbsp;2021 | 434 | 25.21 | 24.46 | 10812 | 4.76 | 1.45 | 1.60 | 1.44 | 1.59 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 1468 | 37.97 | 37.97 | 55749 | 0.25 | 1.40 | 1.40 | 8.39 | 8.39 |
| &nbsp;&nbsp;&nbsp;2024 | 2129 | 35.03 | 35.03 | 74597 | 0.35 | 1.40 | 1.40 | 14.63 | 14.63 |
| &nbsp;&nbsp;&nbsp;2023 | 2147 | 30.56 | 30.56 | 65280 | 0.30 | 1.40 | 1.40 | 22.30 | 22.30 |
| &nbsp;&nbsp;&nbsp;2022 | 2149 | 24.99 | 24.99 | 53561 | 0.09 | 1.40 | 1.40 | (20.37) | (20.37) |
| &nbsp;&nbsp;&nbsp;2021 | 2702 | 31.38 | 31.38 | 84795 | 0.23 | 1.40 | 1.40 | 24.23 | 24.23 |
| MFS VIT III Blended Research Small Cap Equity Portfolio | MFS VIT III Blended Research Small Cap Equity Portfolio | MFS VIT III Blended Research Small Cap Equity Portfolio |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 2945 | 43.04 | 45.75 | 128199 | 1.00 | 1.40 | 1.60 | 4.07 | 4.31 |
| &nbsp;&nbsp;&nbsp;2024 | 3289 | 41.26 | 45.51 | 137367 | 0.96 | 1.40 | 1.60 | 3.27 | 3.49 |
| &nbsp;&nbsp;&nbsp;2023 | 3799 | 39.87 | 42.57 | 153374 | 0.80 | 1.40 | 1.60 | 17.06 | 17.32 |
| &nbsp;&nbsp;&nbsp;2022 | 4409 | 33.99 | 36.37 | 152853 | 0.75 | 1.40 | 1.60 | (19.68) | (19.50) |
| &nbsp;&nbsp;&nbsp;2021 | 4728 | 42.22 | 45.27 | 203810 | 0.90 | 1.40 | 1.60 | 27.57 | 27.85 |
| MFS VIT III Global Real Estate Portfolio | MFS VIT III Global Real Estate Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 2775 | 33.40 | 44.72 | 119473 | 1.70 | 1.40 | 1.60 | 1.86 | 2.10 |
| &nbsp;&nbsp;&nbsp;2024 | 3020 | 32.79 | 43.80 | 127213 | 2.10 | 1.40 | 1.60 | (4.23) | (4.05) |
| &nbsp;&nbsp;&nbsp;2023 | 3303 | 45.65 | 34.24 | 145053 | 0.87 | 1.40 | 1.60 | 9.68 | 9.92 |
| &nbsp;&nbsp;&nbsp;2022 | 3447 | 41.53 | 31.22 | 137112 | 1.54 | 1.40 | 1.60 | (28.10) | (27.95) |
| &nbsp;&nbsp;&nbsp;2021 | 3818 | 57.64 | 43.42 | 206639 | 1.50 | 1.40 | 1.60 | 28.05 | 28.33 |
| MFS VIT III Mid Cap Value Portfolio | MFS VIT III Mid Cap Value Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 312 | 37.38 | 38.40 | 11871 | 1.04 | 1.45 | 1.60 | 4.27 | 4.43 |
| &nbsp;&nbsp;&nbsp;2024 | 360 | 35.85 | 36.77 | 13128 | 1.21 | 1.45 | 1.60 | 11.93 | 12.07 |
| &nbsp;&nbsp;&nbsp;2023 | 446 | 32.81 | 32.03 | 14538 | 2.16 | 1.45 | 1.60 | 10.93 | 11.10 |
| &nbsp;&nbsp;&nbsp;2022 | 1087 | 29.53 | 28.87 | 32012 | 0.98 | 1.45 | 1.60 | (10.24) | (10.10) |
| &nbsp;&nbsp;&nbsp;2021 | 1230 | 32.85 | 32.17 | 40316 | 0.79 | 1.45 | 1.60 | 28.90 | 29.09 |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Invest**ment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT Total Return Series Initial Class | MFS VIT Total Return Series Initial Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 20404 | 20.46 | 20.46 | 417446 | 2.75 | 1.40 | 1.40 | 9.65 | 9.65 |
| &nbsp;&nbsp;&nbsp;2024 | 20695 | 18.66 | 18.66 | 386204 | 2.47 | 1.40 | 1.40 | 6.26 | 6.26 |
| &nbsp;&nbsp;&nbsp;2023 | 22956 | 17.56 | 17.56 | 411307 | 2.07 | 1.40 | 1.40 | 8.92 | 8.92 |
| &nbsp;&nbsp;&nbsp;2022 | 24174 | 16.13 | 16.13 | 394753 | 1.71 | 1.40 | 1.40 | (10.83) | (10.83) |
| &nbsp;&nbsp;&nbsp;2021 | 26381 | 18.08 | 18.08 | 480484 | 1.88 | 1.40 | 1.40 | 12.54 | 12.54 |
| MFS VIT Total Return Series Service Class | MFS VIT Total Return Series Service Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 17195 | 19.31 | 19.68 | 332878 | 2.55 | 1.45 | 1.60 | 9.10 | 9.33 |
| &nbsp;&nbsp;&nbsp;2024 | 17647 | 17.70 | 18.00 | 312935 | 2.31 | 1.45 | 1.60 | 5.73 | 5.88 |
| &nbsp;&nbsp;&nbsp;2023 | 18032 | 17.00 | 16.74 | 302351 | 1.69 | 1.45 | 1.60 | 8.46 | 8.63 |
| &nbsp;&nbsp;&nbsp;2022 | 22071 | 15.65 | 15.43 | 341497 | 1.49 | 1.45 | 1.60 | (11.28) | (11.14) |
| &nbsp;&nbsp;&nbsp;2021 | 22509 | 17.61 | 17.39 | 392422 | 1.62 | 1.45 | 1.60 | 12.02 | 12.19 |
| PIMCO VIT Emerging Markets Bond Portfolio | PIMCO VIT Emerging Markets Bond Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 485 | 36.05 | 37.35 | 17888 | 6.93 | 1.45 | 1.60 | 13.19 | 13.39 |
| &nbsp;&nbsp;&nbsp;2024 | 594 | 31.85 | 32.94 | 19369 | 6.41 | 1.45 | 1.60 | 5.81 | 5.98 |
| &nbsp;&nbsp;&nbsp;2023 | 703 | 31.08 | 30.10 | 21682 | 5.69 | 1.45 | 1.60 | 9.37 | 9.54 |
| &nbsp;&nbsp;&nbsp;2022 | 804 | 28.38 | 27.52 | 22669 | 4.80 | 1.45 | 1.60 | (17.08) | (16.95) |
| &nbsp;&nbsp;&nbsp;2021 | 928 | 34.17 | 33.18 | 31561 | 4.48 | 1.45 | 1.60 | (4.13) | (3.99) |
| PIMCO VIT Real Return Portfolio | PIMCO VIT Real Return Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 457 | 16.95 | 17.56 | 7953 | 3.33 | 1.45 | 1.60 | 6.14 | 6.30 |
| &nbsp;&nbsp;&nbsp;2024 | 538 | 15.97 | 16.52 | 8828 | 2.55 | 1.45 | 1.60 | 0.50 | 0.67 |
| &nbsp;&nbsp;&nbsp;2023 | 865 | 16.41 | 15.89 | 14006 | 3.01 | 1.45 | 1.60 | 2.02 | 2.17 |
| &nbsp;&nbsp;&nbsp;2022 | 936 | 16.06 | 15.58 | 14851 | 6.41 | 1.45 | 1.60 | (13.31) | (13.18) |
| &nbsp;&nbsp;&nbsp;2021 | 2332 | 17.97 | 17.97 | 41905 | 4.95 | 1.60 | 1.60 | 3.92 | 3.92 |
| PIMCO VIT Total Return Portfolio | PIMCO VIT Total Return Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 1317 | 17.11 | 17.72 | 23084 | 4.10 | 1.45 | 1.60 | 7.21 | 7.33 |
| &nbsp;&nbsp;&nbsp;2024 | 1522 | 15.96 | 16.51 | 24916 | 4.02 | 1.45 | 1.60 | 0.88 | 1.04 |
| &nbsp;&nbsp;&nbsp;2023 | 1970 | 16.34 | 15.82 | 31854 | 3.56 | 1.45 | 1.60 | 4.25 | 4.41 |
| &nbsp;&nbsp;&nbsp;2022 | 2110 | 15.65 | 15.18 | 32743 | 2.59 | 1.45 | 1.60 | (15.67) | (15.55) |
| &nbsp;&nbsp;&nbsp;2021 | 2412 | 18.53 | 18.00 | 44371 | 1.82 | 1.45 | 1.60 | (2.84) | (2.70) |

---

Delaware Life NY Variable Account C - Futurity

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Invest**ment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Templeton Growth VIP Fund | Templeton Growth VIP Fund |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 400 | 33.82 | 33.82 | 13523 | 0.88 | 1.45 | 1.45 | 22.01 | 22.01 |
| &nbsp;&nbsp;&nbsp;2024 | 428 | 27.72 | 27.72 | 11864 | 0.95 | 1.45 | 1.45 | 3.86 | 3.86 |
| &nbsp;&nbsp;&nbsp;2023 | 456 | 26.69 | 26.69 | 12179 | 3.35 | 1.45 | 1.45 | 19.26 | 19.26 |
| &nbsp;&nbsp;&nbsp;2022 | 485 | 22.38 | 22.38 | 10862 | 0.16 | 1.45 | 1.45 | (12.78) | (12.78) |
| &nbsp;&nbsp;&nbsp;2021 | 517 | 25.65 | 25.65 | 13263 | 1.11 | 1.45 | 1.45 | 3.35 | 3.35 |

---

(1) The investment income ratios represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying 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 result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccount invests.

(2) The expense ratios represent the annualized contract expenses of the Separate Account for each period indicated. The ratios include only those expenses that result in a direct reduction of unit values. Charges made directly to contract owner contracts through the redemption of units and expenses of the Fund have been excluded.

(3) These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. The total return is calculated for the period indicated or from the inception date through the end of the reporting period.

(4) Unit value information is calculated on a daily basis regardless of whether or not the subaccount has contract holders.

**Note 8. Subsequent Events**

The Separate Account has performed an evaluation of subsequent events through the date the financial statements were issued and has determined that no items require recognition or disclosure.

![](tm2610770d12_actc-04img01.jpg)

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KPMG LLP |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Two Manhattan West |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375 9th Avenue, 17th Floor |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York, NY 10001 |

---

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Nassau Life Insurance Company and Contract

Owners of Delaware Life NY Variable Account C - Futurity:

*Opinion on the Financial Statements*

We have audited the accompanying statements of net assets of the subaccounts listed in the Appendix that comprise Delaware Life NY Variable Account C - Futurity (the Separate Account) as of December 31, 2025, the related statements of operations and change in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights in Note 7 for each of the years in the five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each subaccount as of December 31, 2025, the results of their operations and changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

*Basis for Opinion*

These financial statements and financial highlights are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on these financial statements and financial highlights 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 and financial highlights 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 and financial highlights, 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 and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the transfer agent of the underlying mutual funds. 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 and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more Nassau Insurance Group Holdings' separate accounts since 2015.

New York, New York

April 14, 2026

KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of <br> the KPMG global organization of independent member firms affiliated with KPMG

International Limited, a private English company limited by guarantee.

**Appendix**

------

<u>Delaware Life NY Variable Account C - Futurity</u>

AB VPS Relative Value Portfolio

AB VPS Small Cap Growth Portfolio

Alger Growth & Income Portfolio

Alger Small Cap Growth Portfolio

Fidelity VIP Contrafund Portfolio

Fidelity VIP Growth Portfolio

Fidelity VIP Overseas Portfolio

First Eagle Overseas Variable Fund

Goldman Sachs International Equity Insights Fund

Goldman Sachs VIT Large Cap Value Fund

Goldman Sachs VIT Small Cap Equity Insights Fund

Goldman Sachs VIT U.S. Equity Insights Fund

Invesco V.I. American Franchise Fund

Invesco V.I. Core Equity Fund

Invesco V.I. EQV International Equity Fund

LVIP JPMorgan Small Cap Core Fund

LVIP JPMorgan U.S. Equity Fund

MFS U.S. Government Money Market Portfolio

MFS VIT I Growth Series Initial Class

MFS VIT I Growth Series Service Class

MFS VIT I Mid Cap Growth Series

MFS VIT I New Discovery Series Initial Class

MFS VIT I New Discovery Series Service Class

MFS VIT I Research Series

MFS VIT I Total Return Bond Series

MFS VIT I Utilities Series Initial Class

MFS VIT I Utilities Series Service Class

MFS VIT I Value Series

MFS VIT II Blended Research Core Equity Portfolio I Class

MFS VIT II Blended Research Core Equity Portfolio S Class

MFS VIT II Government Securities Portfolio I Class

MFS VIT II Government Securities Portfolio S Class

MFS VIT II High Yield Portfolio I Class

MFS VIT II High Yield Portfolio Service Class

MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class

MFS VIT III Blended Research Small Cap Equity Portfolio

MFS VIT III Global Real Estate Portfolio

MFS VIT III Mid Cap Value Portfolio

MFS VIT Total Return Series Initial Class

MFS VIT Total Return Series Service Class

PIMCO VIT Emerging Markets Bond Portfolio

PIMCO VIT Real Return Portfolio

PIMCO VIT Total Return Portfolio

Templeton Growth VIP Fund

![](tm2610770d12_act01img001.jpg)

------

Financial Statements

Delaware Life NY Variable Account C - Regatta

December 31, 2025

With Report of Independent Registered Public Accounting Firm

Delaware Life NY Variable Account C - Regatta

Financial Statements

December 31, 2025

Contents

Audited Financial Statements

---

| | |
|:---|:---|
| Statements of Net Assets | 5 |
| Statements of Operations and Change in Net Assets | 9 |
| Notes to Financial Statements | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 1. Organization | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 2. Additions, Mergers, Liquidations and Name Changes | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 3. Significant Accounting Policies | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 4. Purchases and Proceeds from Sales of Investments | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 5. Related Party Transactions and Charges and Deductions | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 6. Summary of Unit Transactions | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 7. Financial Highlights | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note 8. Subsequent Events | 88 |
| Report of Independent Registered Public Accounting Firm | 89 |

---

Delaware Life NY Variable Account C - Regatta

Statements of Net Assets

December 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Number of |  | Assets at Market |  | Units |  |  |
| Subaccount | Shares | Cost | Value | Net Assets | Outstanding | Range of Unit Values | Range of Unit Values |
| &nbsp;&nbsp;AB VPS Balanced Hedged Allocation Portfolio | 104300 | $991022 | $1025274 | $1025274 | 49217 | $19.35 | $22.16 |
| &nbsp;&nbsp;AB VPS Discovery Value Portfolio | 28304 | 450756 | 461080 | 461080 | 14848 | 29.09 | 32.19 |
| &nbsp;&nbsp;AB VPS Dynamic Asset Allocation Portfolio | 450422 | 4482278 | 4878075 | 4878075 | 315196 | 14.45 | 16.15 |
| &nbsp;&nbsp;AB VPS International Value Portfolio | 26922 | 372390 | 560507 | 560507 | 49771 | 10.87 | 12.01 |
| &nbsp;&nbsp;BlackRock Global Allocation V.I. Fund | 1385732 | 19561042 | 18485667 | 18485667 | 744476 | 23.12 | 26.34 |
| &nbsp;&nbsp;Columbia CTIVP - Principal Large Cap Growth Fund Class 2 (a) | 9700 | 365001 | 760758 | 760758 | 23523 | 31.19 | 33.55 |
| &nbsp;&nbsp;Columbia Variable Portfolio – Acorn Fund (a) |  |  |  |  |  | 33.90 | 33.90 |
| &nbsp;&nbsp;Columbia Variable Portfolio - Large Cap Growth Fund Class 2 | 31674 | 963748 | 1731594 | 1731594 | 45572 | 36.56 | 39.33 |
| &nbsp;&nbsp;Columbia Variable Portfolio - Overseas Core Fund | 7928 | 95127 | 140319 | 140319 | 7568 | 17.74 | 18.99 |
| &nbsp;&nbsp;Fidelity VIP Balanced Portfolio | 191509 | 3733608 | 4873915 | 4873915 | 141930 | 31.89 | 36.79 |
| &nbsp;&nbsp;Fidelity VIP Contrafund Portfolio | 220773 | 10594548 | 12553138 | 12553138 | 230032 | 51.28 | 58.71 |
| &nbsp;&nbsp;Fidelity VIP Freedom 2010 Portfolio | 2347 | 29010 | 28235 | 28235 | 1387 | 20.36 | 20.36 |
| &nbsp;&nbsp;Fidelity VIP Freedom 2015 Portfolio | 33783 | 419697 | 401674 | 401674 | 18274 | 20.53 | 23.93 |
| &nbsp;&nbsp;Fidelity VIP Freedom 2020 Portfolio | 40068 | 520539 | 526097 | 526097 | 21533 | 22.10 | 25.77 |
| &nbsp;&nbsp;Fidelity VIP Mid Cap Portfolio | 76009 | 2614586 | 2673228 | 2673228 | 73997 | 33.30 | 38.42 |
| &nbsp;&nbsp;First Eagle Overseas Variable Fund | 506189 | 12428697 | 14132787 | 14132787 | 616554 | 21.51 | 24.82 |
| &nbsp;&nbsp;Franklin Income VIP Fund | 142898 | 2045543 | 2166326 | 2166326 | 103245 | 19.24 | 22.21 |
| &nbsp;&nbsp;Franklin Mutual Shares VIP Fund | 467931 | 7148513 | 7533694 | 7533694 | 230284 | 30.06 | 38.13 |
| &nbsp;&nbsp;Franklin Templeton Allocation VIP Fund | 150053 | 826513 | 831294 | 831294 | 39146 | 20.00 | 22.10 |
| &nbsp;&nbsp;Franklin Templeton Global Bond VIP Fund | 4490 | 63136 | 60345 | 60345 | 6969 | 8.28 | 8.97 |
| &nbsp;&nbsp;Franklin Templeton Income VIP Fund | 1099 | 16744 | 17280 | 17280 | 847 | 20.41 | 20.41 |
| &nbsp;&nbsp;Franklin Templeton Small Cap Value VIP Fund Class 2 | 78978 | 993429 | 1095430 | 1095430 | 20626 | 47.29 | 63.60 |
| &nbsp;&nbsp;Franklin Templeton Small Cap Value VIP Fund Class 4 | 3141 | 41116 | 45823 | 45823 | 1396 | 32.48 | 32.95 |
| &nbsp;&nbsp;Franklin Templeton Strategic Income VIP Fund Class 2 | 46511 | 451173 | 424650 | 424650 | 28236 | 13.97 | 15.96 |
| &nbsp;&nbsp;Franklin Templeton Strategic Income VIP Fund Class 4 |  |  |  |  |  | 11.40 | 14.05 |
| &nbsp;&nbsp;Invesco V.I. American Value Fund | 6587 | 96399 | 116988 | 116988 | 2932 | 37.70 | 40.89 |
| &nbsp;&nbsp;Invesco V.I. Comstock Fund | 51226 | 936474 | 1090604 | 1090604 | 32296 | 31.52 | 36.03 |
| &nbsp;&nbsp;Invesco V.I. Discovery Large Cap Fund (a) | 13739 | 595243 | 814015 | 814015 | 13472 | 52.19 | 77.36 |
| &nbsp;&nbsp;Invesco V.I. Equity and Income Fund | 121769 | 2013718 | 2206446 | 2206446 | 76602 | 26.75 | 30.63 |
| &nbsp;&nbsp;Invesco V.I. EQV International Equity Fund | 6687 | 224879 | 236644 | 236644 | 12962 | 18.19 | 20.12 |
| &nbsp;&nbsp;Invesco V.I. Global Fund | 45259 | 1585768 | 1642890 | 1642890 | 33647 | 43.98 | 52.02 |

---

(a) Name change. See Note 2.

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

Delaware Life NY Variable Account C - Regatta

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Number of |  | Assets at Market |  | Units |  |  |
| SubAccount | Shares | Cost | Value | Net Assets | Outstanding | Range of Unit Values | Range of Unit Values |
| &nbsp;&nbsp;Invesco V.I. Main Street Fund | 323339 | $5581988 | $6935621 | $6935621 | 126518 | $47.53 | $56.52 |
| &nbsp;&nbsp;Invesco V.I. Main Street Small Cap Fund® | 2357 | 51824 | 65300 | 65300 | 1059 | 55.72 | 63.57 |
| &nbsp;&nbsp;Lazard Retirement Emerging Markets Equity Portfolio | 55319 | 1023927 | 1652923 | 1652923 | 105590 | 14.68 | 16.81 |
| &nbsp;&nbsp;Lord Abbett Series Fund - Growth Opportunities Portfolio VC | 95698 | 978251 | 1063203 | 1063203 | 21653 | 44.48 | 52.61 |
| &nbsp;&nbsp;Lord Abbett Series Fund- Fundamental Equity Portfolio VC | 93421 | 1470075 | 1773130 | 1773130 | 40930 | 40.12 | 46.92 |
| &nbsp;&nbsp;LVIP JPMorgan Core Bond Fund | 146230 | 1549621 | 1434223 | 1434223 | 138198 | 9.82 | 10.87 |
| &nbsp;&nbsp;LVIP JPMorgan U.S. Equity Fund | 23193 | 773959 | 1121895 | 1121895 | 19813 | 54.39 | 60.62 |
| &nbsp;&nbsp;MFS U.S. Government Money Market Portfolio | 778289 | 778289 | 778289 | 778289 | 61413 | 12.09 | 13.27 |
| &nbsp;&nbsp;MFS VIT I Growth Series Initial Class | 117655 | 7131053 | 7982890 | 7982890 | 66682 | 119.72 | 119.72 |
| &nbsp;&nbsp;MFS VIT I Growth Series Service Class | 16648 | 982115 | 1010206 | 1010206 | 11341 | 61.27 | 103.25 |
| &nbsp;&nbsp;MFS VIT I Mid Cap Growth Series | 112835 | 864619 | 741323 | 741323 | 15893 | 34.32 | 53.26 |
| &nbsp;&nbsp;MFS VIT I New Discovery Series Initial Class | 31814 | 543522 | 496294 | 496294 | 21046 | 23.58 | 23.58 |
| &nbsp;&nbsp;MFS VIT I New Discovery Series Service Class | 112103 | 1158988 | 1356440 | 1356440 | 47663 | 22.34 | 30.67 |
| &nbsp;&nbsp;MFS VIT I Research Series | 249727 | 7423315 | 7451860 | 7451860 | 188996 | 37.55 | 41.48 |
| &nbsp;&nbsp;MFS VIT I Total Return Bond Series | 1667277 | 20851102 | 19240382 | 19240382 | 1725979 | 10.48 | 12.91 |
| &nbsp;&nbsp;MFS VIT I Utilities Series Initial Class | 67570 | 2188311 | 2549398 | 2549398 | 138702 | 18.38 | 18.38 |
| &nbsp;&nbsp;MFS VIT I Utilities Series Service Class | 63461 | 2082120 | 2336628 | 2336628 | 135778 | 16.45 | 17.94 |
| &nbsp;&nbsp;MFS VIT I Value Series Initial Class | 274685 | 5597040 | 6114483 | 6114483 | 208264 | 23.77 | 33.59 |
| &nbsp;&nbsp;MFS VIT I Value Series Service Class | 196189 | 3871249 | 4231794 | 4231794 | 137281 | 22.93 | 32.52 |
| &nbsp;&nbsp;MFS VIT II Blended Research Core Equity Portfolio I Class | 184023 | 9959255 | 11192268 | 11192268 | 106555 | 98.71 | 145.90 |
| &nbsp;&nbsp;MFS VIT II Blended Research Core Equity Portfolio S Class | 43616 | 2369203 | 2603901 | 2603901 | 38688 | 59.12 | 69.23 |
| &nbsp;&nbsp;MFS VIT II Core Equity Portfolio I Class | 56722 | 1496966 | 1805460 | 1805460 | 22446 | 80.43 | 80.43 |
| &nbsp;&nbsp;MFS VIT II Core Equity Portfolio S Class | 60852 | 1563613 | 1894307 | 1894307 | 41987 | 42.93 | 60.89 |
| &nbsp;&nbsp;MFS VIT II Corporate Bond Portfolio I Class | 49098 | 462695 | 473301 | 473301 | 18732 | 25.27 | 25.27 |
| &nbsp;&nbsp;MFS VIT II Corporate Bond Portfolio S Class | 825784 | 8773612 | 7828437 | 7828437 | 441027 | 15.57 | 20.75 |
| &nbsp;&nbsp;MFS VIT II Emerging Markets Equity Portfolio I Class | 12032 | 172449 | 212357 | 212357 | 6391 | 33.23 | 33.23 |
| &nbsp;&nbsp;MFS VIT II Emerging Markets Equity Portfolio S Class | 50434 | 664476 | 873525 | 873525 | 41649 | 18.73 | 43.15 |
| &nbsp;&nbsp;MFS VIT II Global Governments Portfolio I Class | 8588 | 91714 | 75578 | 75578 | 4828 | 14.02 | 17.12 |
| &nbsp;&nbsp;MFS VIT II Global Governments Portfolio S Class | 177 | 1869 | 1519 | 1519 | 124 | 12.30 | 12.30 |
| &nbsp;&nbsp;MFS VIT II Global Growth Portfolio I Class | 65836 | 1748471 | 1722277 | 1722277 | 20038 | 80.26 | 94.24 |
| &nbsp;&nbsp;MFS VIT II Global Growth Portfolio S Class | 116 | 2567 | 3010 | 3010 | 52 | 58.22 | 58.22 |
| &nbsp;&nbsp;MFS VIT II Global Research Portfolio I Class | 129646 | 3915212 | 4523358 | 4523358 | 78688 | 57.48 | 57.48 |
| &nbsp;&nbsp;MFS VIT II Global Research Portfolio S Class | 1720 | 49802 | 59605 | 59605 | 1332 | 42.74 | 44.76 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Number of |  | Assets at Market |  | Units |  |  |
| SubAccount | Shares | Cost | Value | Net Assets | Outstanding | Range of Unit Values | Range of Unit Values |
| &nbsp;&nbsp;MFS VIT II Global Tactical Allocation Portfolio I Class | 60303 | $869162 | $876200 | $876200 | 20841 | $42.04 | $42.04 |
| &nbsp;&nbsp;MFS VIT II Global Tactical Allocation Portfolio S Class | 1272412 | 18189976 | 18042795 | 18042795 | 1088729 | 15.49 | 28.70 |
| &nbsp;&nbsp;MFS VIT II Government Securities Portfolio I Class | 56047 | 646723 | 606432 | 606432 | 29720 | 19.27 | 21.90 |
| &nbsp;&nbsp;MFS VIT II Government Securities Portfolio S Class | 687838 | 7934821 | 7401133 | 7401133 | 628131 | 10.67 | 13.19 |
| &nbsp;&nbsp;MFS VIT II High Yield Portfolio I Class | 186069 | 996828 | 947091 | 947091 | 27077 | 33.75 | 42.68 |
| &nbsp;&nbsp;MFS VIT II High Yield Portfolio Service Class | 217564 | 1125866 | 1092173 | 1092173 | 46343 | 13.62 | 27.58 |
| &nbsp;&nbsp;MFS VIT II Income Portfolio I Class | 114678 | 1033755 | 979349 | 979349 | 42744 | 22.91 | 22.91 |
| &nbsp;&nbsp;MFS VIT II Income Portfolio S Class | 5165 | 41415 | 43693 | 43693 | 2190 | 18.82 | 20.08 |
| &nbsp;&nbsp;MFS VIT II International Growth Portfolio I Class | 18010 | 252550 | 323097 | 323097 | 6816 | 47.40 | 47.40 |
| &nbsp;&nbsp;MFS VIT II International Growth Portfolio S Class | 19896 | 279794 | 350167 | 350167 | 14505 | 22.07 | 47.23 |
| &nbsp;&nbsp;MFS VIT II International Intrinsic Value Portfolio Initial Class | 25206 | 712750 | 931849 | 931849 | 10942 | 85.17 | 85.17 |
| &nbsp;&nbsp;MFS VIT II International Intrinsic Value Portfolio Service Class | 68155 | 2016949 | 2463816 | 2463816 | 82084 | 27.44 | 68.45 |
| &nbsp;&nbsp;MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | 410901 | 9023418 | 9265821 | 9265821 | 177381 | 48.80 | 61.09 |
| &nbsp;&nbsp;MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class | 27563 | 557468 | 602807 | 602807 | 9433 | 55.20 | 65.28 |
| &nbsp;&nbsp;MFS VIT II Research International Portfolio I Class | 13738 | 222681 | 283140 | 283140 | 8540 | 33.16 | 33.16 |
| &nbsp;&nbsp;MFS VIT II Research International Portfolio S Class | 74357 | 1212389 | 1507220 | 1507220 | 47635 | 24.06 | 37.09 |
| &nbsp;&nbsp;MFS VIT II U.S. Government Money Market | 4506449 | 4506448 | 4506449 | 4506449 | 476710 | 8.39 | 10.94 |
| &nbsp;&nbsp;MFS VIT III Blended Research Small Cap Equity Portfolio | 183777 | 1670598 | 1688906 | 1688906 | 58863 | 26.55 | 38.20 |
| &nbsp;&nbsp;MFS VIT III Conservative Allocation Portfolio | 1251083 | 13007671 | 12335678 | 12335678 | 602414 | 19.04 | 21.69 |
| &nbsp;&nbsp;MFS VIT III Global Real Estate Portfolio Initial Class | 2088 | 27714 | 26502 | 26502 | 854 | 28.31 | 34.11 |
| &nbsp;&nbsp;MFS VIT III Global Real Estate Portfolio Service Class | 138099 | 2186487 | 2148827 | 2148827 | 98698 | 19.78 | 23.37 |
| &nbsp;&nbsp;MFS VIT III Growth Allocation Portfolio | 1522866 | 16305832 | 16264213 | 16264213 | 454208 | 33.62 | 38.32 |
| &nbsp;&nbsp;MFS VIT III Inflation Adjusted Bond Portfolio | 595220 | 5540841 | 4749852 | 4749852 | 448846 | 9.83 | 11.20 |
| &nbsp;&nbsp;MFS VIT III Limited Maturity Portfolio Initial Class | 749905 | 7643079 | 7664028 | 7664028 | 688027 | 10.28 | 11.77 |
| &nbsp;&nbsp;MFS VIT III Limited Maturity Portfolio Service Class | 385849 | 3936696 | 3943378 | 3943378 | 374859 | 9.82 | 11.86 |
| &nbsp;&nbsp;MFS VIT III Mid Cap Value Portfolio Initial Class | 115178 | 990536 | 1164453 | 1164453 | 31663 | 35.41 | 39.11 |
| &nbsp;&nbsp;MFS VIT III Mid Cap Value Portfolio Service Class | 95363 | 788921 | 946959 | 946959 | 26770 | 32.96 | 37.40 |
| &nbsp;&nbsp;MFS VIT III Moderate Allocation Portfolio | 5756418 | 68658522 | 65162653 | 65162653 | 2316992 | 26.24 | 29.90 |
| &nbsp;&nbsp;MFS VIT III New Discovery Value Portfolio | 47487 | 360121 | 342856 | 342856 | 7803 | 40.69 | 44.79 |
| &nbsp;&nbsp;MFS VIT Total Return Series Initial Class | 215845 | 5094823 | 5035666 | 5035666 | 246138 | 20.46 | 20.46 |
| &nbsp;&nbsp;MFS VIT Total Return Series Service Class | 717996 | 16465987 | 16255424 | 16255424 | 846894 | 18.14 | 19.93 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Number of |  | Assets at Market |  | Units |  |  |
| SubAccount | Shares | Cost | Value | Net Assets | Outstanding | Range of Unit Values | Range of Unit Values |
| &nbsp;&nbsp;Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio | 22924 | $91430 | $147402 | $147402 | 3005 | $45.16 | $51.24 |
| &nbsp;&nbsp;Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio | 35971 | 326611 | 721225 | 721225 | 10219 | 68.41 | 76.24 |
| &nbsp;&nbsp;PIMCO CommodityReal Return® Strategy Portfolio | 1964 | 13029 | 12608 | 12608 | 1708 | 7.28 | 7.61 |
| &nbsp;&nbsp;PIMCO VIT All Asset Portfolio Admin Class | 46707 | 452535 | 447451 | 447451 | 22038 | 18.88 | 21.14 |
| &nbsp;&nbsp;PIMCO VIT All Asset Portfolio Advisor Class | 157680 | 1587088 | 1538952 | 1538952 | 97367 | 14.93 | 16.52 |
| &nbsp;&nbsp;PIMCO VIT CommodityRealReturnTM Strategy Portfolio | 184249 | 1147356 | 1158923 | 1158923 | 140336 | 7.56 | 8.81 |
| &nbsp;&nbsp;PIMCO VIT Emerging Markets Bond Portfolio | 39371 | 459934 | 449619 | 449619 | 12790 | 30.90 | 38.24 |
| &nbsp;&nbsp;PIMCO VIT Global Managed Asset Allocation Portfolio | 2442956 | 25676585 | 28655872 | 28655872 | 1442974 | 18.52 | 20.97 |
| &nbsp;&nbsp;PIMCO VIT Real Return Portfolio | 88418 | 1107693 | 1061904 | 1061904 | 66639 | 14.47 | 17.18 |
| &nbsp;&nbsp;PIMCO VIT StocksPLUS Global Portfolio | 6175 | 45578 | 55139 | 55139 | 1964 | 27.13 | 28.74 |
| &nbsp;&nbsp;PIMCO VIT Total Return Portfolio | 416748 | 4204948 | 3938273 | 3938273 | 243820 | 15.15 | 17.31 |
| &nbsp;&nbsp;Putman VT Large Cap Value Fund | 17428 | 474595 | 622020 | 622020 | 12289 | 48.22 | 53.35 |
| &nbsp;&nbsp;Templeton Developing Markets VIP Fund | 58333 | 512330 | 704662 | 704662 | 29694 | 22.58 | 25.27 |
| &nbsp;&nbsp;Templeton Foreign VIP Fund | 262846 | 3414091 | 4263361 | 4263361 | 165539 | 19.96 | 27.23 |
| &nbsp;&nbsp;Templeton Growth VIP Fund | 43861 | 469103 | 620639 | 620639 | 19650 | 22.31 | 34.64 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | AB VPS Balanced<br>Hedged Allocation<br>Portfolio |<br>AB VPS Discovery<br>Value Portfolio | AB VPS Dynamic<br>Asset Allocation<br>Portfolio |
| Net assets as of December 31, 2023 | $1066969 | $628742 | $6004018 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 18940 | 3411 | 63448 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (18438) | (8957) | (93542) |
| Net investment income (loss) | 502 | (5546) | (30094) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 21816 | 26876 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (28276) | 52495 | (299551) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 77353 | (31272) | 826911 |
| Net gain (loss) on investments | 70893 | 48099 | 527360 |
| Net increase (decrease) in net assets from operations | 71395 | 42553 | 497266 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 39498 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (90627) | (183835) | (1239989) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 6982 | (39097) | (188732) |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (9704) | (7885) | (102313) |
| Increase (decrease) in net assets from contract transactions | (93349) | (191319) | (1531034) |
| Total increase (decrease) in net assets | (21954) | (148766) | (1033768) |
| Net assets as of December 31, 2024 | $1045015 | $479976 | $&nbsp;&nbsp;&nbsp;&nbsp;4970250 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 19249 | 2815 | 76394 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (17589) | (7490) | (79328) |
| Net investment income (loss) | 1660 | (4675) | (2934) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 53352 | 53119 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (17735) | 21065 | (131411) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 108542 | (63403) | 657272 |
| Net gain (loss) on investments | 144159 | 10781 | 525861 |
| Net increase (decrease) in net assets from operations | 145819 | 6106 | 522927 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (133441) | (44482) | (534922) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (20963) | 27308 | 15021 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (11156) | (7828) | (95201) |
| Increase (decrease) in net assets from contract transactions | (165560) | (25002) | (615102) |
| Total increase (decrease) in net assets | (19741) | (18896) | (92175) |
| Net assets as of December 31, 2025 | $1025274 | $461080 | $4878075 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | <br>AB VPS<br>International Value<br>Portfolio | <br>BlackRock Global<br>Allocation V.I.<br>Fund | Columbia CTIVP -<br>Principal Large<br>Cap Growth Fund<br>Class 2 (a) |
| Net assets as of December 31, 2023 | $698261 | $19653174 | $855336 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 15475 | 265934 |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (11641) | (329180) | (14596) |
| Net investment income (loss) | 3834 | (63246) | (14596) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 1441803 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 20277 | (43961) | 194409 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (1390) | (2192) | (31080) |
| Net gain (loss) on investments | 18887 | 1395650 | 163329 |
| Net increase (decrease) in net assets from operations | 22721 | 1332404 | 148733 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 100158 | 24172 |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (146899) | (2376090) | (200604) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 18104 | (227122) | (58678) |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (3453) | (263917) | (8555) |
| Increase (decrease) in net assets from contract transactions | (132248) | (2766971) | (243665) |
| Total increase (decrease) in net assets | (109527) | (1434567) | (94932) |
| Net assets as of December 31, 2024 | $588734 | $18218607 | $760404 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 12194 | 729200 |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (9794) | (314011) | (13281) |
| Net investment income (loss) | 2400 | 415189 | (13281) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 1790469 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 64207 | 91191 | 105007 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 122867 | 691396 | (3770) |
| Net gain (loss) on investments | 187074 | 2573056 | 101237 |
| Net increase (decrease) in net assets from operations | 189474 | 2988245 | 87956 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (112456) | (2067130) | (87204) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (102015) | (383929) | 7857 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (3230) | (270126) | (8255) |
| Increase (decrease) in net assets from contract transactions | (217701) | (2721185) | (87602) |
| Total increase (decrease) in net assets | (28227) | 267060 | 354 |
| Net assets as of December 31, 2025 | $560507 | $18485667 | $760758 |

---

(a) Name change. See Note 2.

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  |<br>Columbia Variable<br>Portfolio – Acorn<br>Fund (a) | Columbia Variable<br>Portfolio - Large<br>Cap Growth Fund<br>Class 2 | Columbia Variable<br>Portfolio -<br>Overseas Core<br>Fund |
| Net assets as of December 31, 2023 | $2529 | $1994825 | $269557 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  | 11256 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (48) | (33879) | (3464) |
| Net investment income (loss) | (48) | (33879) | 7792 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 99 | 570151 | 2308 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 253 | (18204) | (5123) |
| Net gain (loss) on investments | 352 | 551947 | (2815) |
| Net increase (decrease) in net assets from operations | 304 | 518068 | 4977 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 40293 | 5213 |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (150) | (454632) | (69369) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (219) | (233933) | (51444) |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (12326) | (1289) |
| Increase (decrease) in net assets from contract transactions | (369) | (660598) | (116889) |
| Total increase (decrease) in net assets | (65) | (142530) | (111912) |
| Net assets as of December 31, 2024 | $2464 | $1852295 | $157645 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  | 2531 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (46) | (31495) | (2338) |
| Net investment income (loss) | (46) | (31495) | 193 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 704 | 373984 | 11425 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (508) | (78907) | 32959 |
| Net gain (loss) on investments | 196 | 295077 | 44384 |
| Net increase (decrease) in net assets from operations | 150 | 263582 | 44577 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (2743) | (299447) | (38586) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 131 | (70655) | (21918) |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (2) | (14181) | (1399) |
| Increase (decrease) in net assets from contract transactions | (2614) | (384283) | (61903) |
| Total increase (decrease) in net assets | (2464) | (120701) | (17326) |
| Net assets as of December 31, 2025 | $- | $1731594 | $140319 |

---

(a) Name change. See Note 2.

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | <br>Fidelity VIP<br>Balanced Portfolio | Fidelity VIP<br>Contrafund<br>Portfolio | Fidelity VIP<br>Freedom 2010<br>Portfolio |
| Net assets as of December 31, 2023 | $&nbsp;&nbsp;&nbsp;&nbsp;5062737 | $11691389 | $26754 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 89066 | 4417 | 904 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (88090) | (220044) | (451) |
| Net investment income (loss) | 976 | (215627) | 453 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 171557 | 1495301 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 205296 | 1787553 | (114) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 274249 | 342746 | 537 |
| Net gain (loss) on investments | 651102 | 3625600 | 446 |
| Net increase (decrease) in net assets from operations | 652078 | 3409973 | 899 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 59184 | 69601 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (624808) | (1787052) | (1564) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 208391 | (1145734) | 739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (42561) | (110757) | (135) |
| Increase (decrease) in net assets from contract transactions | (399794) | (2973942) | (960) |
| Total increase (decrease) in net assets | 252284 | 436031 | (61) |
| Net assets as of December 31, 2024 | $&nbsp;&nbsp;&nbsp;&nbsp;5315021 | $12127420 | $26693 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 77242 |  | 834 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (88537) | (217186) | (454) |
| Net investment income (loss) | (11295) | (217186) | 380 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 275693 | 2006384 | 345 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 301328 | 1004755 | (84) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 79147 | (558450) | 1574 |
| Net gain (loss) on investments | 656168 | 2452689 | 1835 |
| Net increase (decrease) in net assets from operations | 644873 | 2235503 | 2215 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 74032 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (1025897) | (1510143) | (1563) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (12494) | (260243) | 1052 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (47588) | (113431) | (162) |
| Increase (decrease) in net assets from contract transactions | (1085979) | (1809785) | (673) |
| Total increase (decrease) in net assets | (441106) | 425718 | 1542 |
| Net assets as of December 31, 2025 | $&nbsp;&nbsp;&nbsp;&nbsp;4873915 | $12553138 | $28235 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Fidelity VIP <br> Freedom 2015<br> Portfolio | Fidelity VIP<br> Freedom 2020<br> Portfolio | Fidelity VIP Mid<br> Cap Portfolio |
| Net assets as of December 31, 2023 | $591115 | $711601 | $3061334 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 18226 | 18960 | 10275 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (10515) | (11755) | (52119) |
| Net investment income (loss) | 7711 | 7205 | (41844) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 18153 | 20650 | 402639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (3364) | 20863 | 250873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 3147 | (8655) | (165784) |
| Net gain (loss) on investments | 17936 | 32858 | 487728 |
| Net increase (decrease) in net assets from operations | 25647 | 40063 | 445884 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  | 5841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (13639) | (34109) | (463377) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (2511) | 669 | (217914) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (2507) | (4892) | (26652) |
| Increase (decrease) in net assets from contract transactions | (18657) | (38332) | (702102) |
| Total increase (decrease) in net assets | 6990 | 1731 | (256218) |
| Net assets as of December 31, 2024 | $598105 | $713332 | $2805116 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 11546 | 13566 | 6555 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (7754) | (9586) | (46390) |
| Net investment income (loss) | 3792 | 3980 | (39835) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 23600 | 39191 | 320306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (40320) | (17724) | 186694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 54448 | 39689 | (192502) |
| Net gain (loss) on investments | 37728 | 61156 | 314498 |
| Net increase (decrease) in net assets from operations | 41520 | 65136 | 274663 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (234000) | (251869) | (420403) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (946) | 4705 | 40537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (3005) | (5207) | (26685) |
| Increase (decrease) in net assets from contract transactions | (237951) | (252371) | (406551) |
| Total increase (decrease) in net assets | (196431) | (187235) | (131888) |
| Net assets as of December 31, 2025 | $401674 | $526097 | $2673228 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | First Eagle<br> Overseas Variable<br> Fund | Franklin Income <br> VIP Fund | Franklin Mutual<br> Shares VIP Fund |
| **Net assets as of December 31, 2023** | $**14607534** | $**2695420** | $**8205430** |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 234015 | 131549 | 160152 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (253701) | (40942) | (141033) |
| Net investment income (loss) | (19686) | 90607 | 19119 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 92504 | 10778 | 166544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (209099) | (34197) | (177400) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 769234 | 69394 | 752982 |
| Net gain (loss) on investments | 652639 | 45975 | 742126 |
| Net increase (decrease) in net assets from operations | 632953 | 136582 | 761245 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 33816 | 30781 | 9249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (1942483) | (603740) | (1179468) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 298426 | 14775 | 91554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (138562) | (32261) | (71938) |
| Increase (decrease) in net assets from contract transactions | (1748803) | (590445) | (1150603) |
| Total increase (decrease) in net assets | (1115850) | (453863) | (389358) |
| Net assets as of December 31, 2024 | $13491684 | $2241557 | $7816072 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 233539 | 108391 | 154560 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (246425) | (35805) | (129369) |
| Net investment income (loss) | (12886) | 72586 | 25191 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 1680935 | 22783 | 761520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 353905 | (7954) | (7272) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 2199023 | 133653 | (72116) |
| Net gain (loss) on investments | 4233863 | 148482 | 682132 |
| Net increase (decrease) in net assets from operations | 4220977 | 221068 | 707323 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 79216 | 38614 | 57240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (1955407) | (280438) | (1309433) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (1556724) | (22634) | 329363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (146959) | (31841) | (66871) |
| Increase (decrease) in net assets from contract transactions | (3579874) | (296299) | (989701) |
| Total increase (decrease) in net assets | 641103 | (75231) | (282378) |
| Net assets as of December 31, 2025 | $14132787 | $2166326 | $7533694 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Franklin Templeton<br> Allocation VIP<br> Fund | Franklin Templeton<br> Global Bond VIP<br> Fund | Franklin Templeton<br> Income VIP Fund |
| Net assets as of December 31, 2023 | $912424 | $80380 | $20484 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 17088 |  | 981 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (13192) | (1212) | (329) |
| Net investment income (loss) | 3896 | (1212) | 652 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (38781) | (3887) | (344) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 96638 | (4899) | 655 |
| Net gain (loss) on investments | 57857 | (8786) | 392 |
| Net increase (decrease) in net assets from operations | 61753 | (9998) | 1044 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 444 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (191550) | (8810) | (2205) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (1401) | 12173 | (653) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (2082) | (970) | (486) |
| Increase (decrease) in net assets from contract transactions | (195033) | 2837 | (3344) |
| Total increase (decrease) in net assets | (133280) | (7161) | (2300) |
| Net assets as of December 31, 2024 | $779144 | $73219 | $18184 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 15756 |  | 869 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (12731) | (1076) | (296) |
| Net investment income (loss) | 3025 | (1076) | 573 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 33262 |  | 186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (14933) | (2807) | (236) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 62371 | 13087 | 1281 |
| Net gain (loss) on investments | 80700 | 10280 | 1231 |
| Net increase (decrease) in net assets from operations | 83725 | 9204 | 1804 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (30906) | (20462) | (2195) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 2035 | (1084) | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (2704) | (532) | (498) |
| Increase (decrease) in net assets from contract transactions | (31575) | (22078) | (2708) |
| Total increase (decrease) in net assets | 52150 | (12874) | (904) |
| Net assets as of December 31, 2025 | $831294 | $60345 | $17280 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Franklin Templeton<br> Small Cap Value<br> VIP Fund Class 2 | Franklin Templeton<br> Small Cap Value<br> VIP Fund Class 4 | Franklin Templeton<br> Strategic Income<br> VIP Fund Class 2 |
| Net assets as of December 31, 2023 | $1136986 | $48457 | $500999 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 10466 | 407 | 19291 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (19657) | (833) | (7635) |
| Net investment income (loss) | (9191) | (426) | 11656 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 25868 | 1104 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 52701 | 2879 | (22205) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 34191 | 1099 | 20076 |
| Net gain (loss) on investments | 112760 | 5082 | (2129) |
| Net increase (decrease) in net assets from operations | 103569 | 4656 | 9527 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  | 12290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (139958) | (3560) | (104327) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (11727) | (1906) | 16197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (8448) | (812) | (5290) |
| Increase (decrease) in net assets from contract transactions | (160133) | (6278) | (81130) |
| Total increase (decrease) in net assets | (56564) | (1622) | (71603) |
| Net assets as of December 31, 2024 | $1080422 | $46835 | $429396 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 11601 | 456 | 20144 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (18828) | (781) | (6897) |
| Net investment income (loss) | (7227) | (325) | 13247 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 90475 | 3816 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 27716 | 3350 | (9174) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (44276) | (3909) | 18056 |
| Net gain (loss) on investments | 73915 | 3257 | 8886 |
| Net increase (decrease) in net assets from operations | 66688 | 2932 | 22133 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (72512) | (3643) | (43222) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 29869 | 560 | 21602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (9037) | (861) | (5259) |
| Increase (decrease) in net assets from contract transactions | (51680) | (3944) | (26879) |
| Total increase (decrease) in net assets | 15008 | (1012) | (4746) |
| Net assets as of December 31, 2025 | $1095430 | $45823 | $424650 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Franklin Templeton<br> Strategic Income<br> VIP Fund Class 4 | Invesco V.I.<br> American Value<br> Fund | Invesco V.I.<br> Comstock Fund |
| Net assets as of December 31, 2023 | $1164 | $170230 | $1591796 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 1129 | 17561 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (4) | (2848) | (22717) |
| Net investment income (loss) | (4) | (1719) | (5156) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 3386 | 82374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (288) | 12299 | 151811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 293 | 25280 | (55922) |
| Net gain (loss) on investments | 5 | 40965 | 178263 |
| Net increase (decrease) in net assets from operations | 1 | 39246 | 173107 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 579 | 2678 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (1740) | (72890) | (599940) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (4) | 6354 | (34727) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (2078) | (11036) |
| Increase (decrease) in net assets from contract transactions | (1165) | (65936) | (645703) |
| Total increase (decrease) in net assets | (1164) | (26690) | (472596) |
| Net assets as of December 31, 2024 | $- | $143540 | $1119200 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 246 | 15226 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | - | (2411) | (18419) |
| Net investment income (loss) | - | (2165) | (3193) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 17709 | 112833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments |  | 14865 | 53081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | - | (8236) | (9326) |
| Net gain (loss) on investments | - | 24338 | 156588 |
| Net increase (decrease) in net assets from operations | - | 22173 | 153395 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (38651) | (144390) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | (8140) | (26476) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | - | (1934) | (11125) |
| Increase (decrease) in net assets from contract transactions | - | (48725) | (181991) |
| Total increase (decrease) in net assets | - | (26552) | (28596) |
| Net assets as of December 31, 2025 | $- | $116988 | $1090604 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Invesco V.I. <br> Discovery Large <br> Cap Fund (a) | Invesco V.I. Equity<br> and Income Fund | Invesco V.I. EQV <br> International Equity <br> Fund |
| Net assets as of December 31, 2023 | $1314192 | $3611994 | $187859 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 36668 | 3031 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (18061) | (47252) | (3914) |
| Net investment income (loss) | (18061) | (10584) | (883) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 89568 | 1049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 99752 | (27182) | 260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 215152 | 234303 | (3891) |
| Net gain (loss) on investments | 314904 | 296689 | (2582) |
| Net increase (decrease) in net assets from operations | 296843 | 286105 | (3465) |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 11790 | 19978 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (632349) | (1966398) | (1698) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (126848) | 297084 | 22322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (6083) | (37589) | (76) |
| Increase (decrease) in net assets from contract transactions | (753490) | (1686925) | 20548 |
| Total increase (decrease) in net assets | (456647) | (1400820) | 17083 |
| Net assets as of December 31, 2024 | $857545 | $2211174 | $204942 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 41109 | 2707 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (14020) | (37504) | (4453) |
| Net investment income (loss) | (14020) | 3605 | (1746) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 97961 | 117946 | 14774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 66343 | 30211 | 997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (53445) | 72851 | 14128 |
| Net gain (loss) on investments | 110859 | 221008 | 29899 |
| Net increase (decrease) in net assets from operations | 96839 | 224613 | 28153 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 19316 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (131277) | (205880) | (1705) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (24878) | 10028 | 5864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (3530) | (33489) | (610) |
| Increase (decrease) in net assets from contract transactions | (140369) | (229341) | 3549 |
| Total increase (decrease) in net assets | (43530) | (4728) | 31702 |
| Net assets as of December 31, 2025 | $814015 | $2206446 | $236644 |

---

(a) Name change. See Note 2.

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Invesco V.I. Global<br> Fund | Invesco V.I. Main<br> Street Fund | Invesco V.I. Main<br> Street Small Cap<br> Fund® |
| Net assets as of December 31, 2023 | $1810797 | $7199322 | $58672 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (28989) | (124019) | (1086) |
| Net investment income (loss) | (28989) | (124019) | (1086) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 101067 | 731336 | 2260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 15261 | (661749) | 792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 150223 | 1501772 | 4111 |
| Net gain (loss) on investments | 266551 | 1571359 | 7163 |
| Net increase (decrease) in net assets from operations | 237562 | 1447340 | 6077 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 16813 | 42932 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (190395) | (907856) | (2241) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (216172) | (809749) | (203) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (15174) | (7332) | (128) |
| Increase (decrease) in net assets from contract transactions | (404928) | (1682005) | (2572) |
| Total increase (decrease) in net assets | (167366) | (234665) | 3505 |
| Net assets as of December 31, 2024 | $1643431 | $6964657 | $62177 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 21316 | 147 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (26387) | (115640) | (1105) |
| Net investment income (loss) | (26387) | (94324) | (958) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 300035 | 427713 | 6521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (41043) | (187210) | 1096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (31088) | 782593 | (2488) |
| Net gain (loss) on investments | 227904 | 1023096 | 5129 |
| Net increase (decrease) in net assets from operations | 201517 | 928772 | 4171 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 504 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (173686) | (825810) | (2344) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (13089) | (117976) | 1483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (15283) | (14526) | (187) |
| Increase (decrease) in net assets from contract transactions | (202058) | (957808) | (1048) |
| Total increase (decrease) in net assets | (541) | (29036) | 3123 |
| Net assets as of December 31, 2025 | $1642890 | $6935621 | $65300 |

---

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

Delaware Life NY Variable Account C - Regatta<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Lazard Retirement <br> Emerging Markets <br> Equity Portfolio | Lord Abbett Series <br> Fund - Growth <br> Opportunities <br> Portfolio VC | Lord Abbett Series <br> Fund- <br> Fundamental <br> Equity Portfolio VC |
| Net assets as of December 31, 2023 | $1721449 | $1075604 | $1916090 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 54778 |  | 12478 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (29756) | (18795) | (32375) |
| Net investment income (loss) | 25022 | (18795) | (19897) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  | 94551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 27014 | (101005) | 84400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 43070 | 416481 | 108705 |
| Net gain (loss) on investments | 70084 | 315476 | 287656 |
| Net increase (decrease) in net assets from operations | 95106 | 296681 | 267759 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 4311 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (133372) | (125133) | (343447) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (69241) | (206231) | (92387) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (21235) | (6541) | (14069) |
| Increase (decrease) in net assets from contract transactions | (223848) | (333594) | (449903) |
| Total increase (decrease) in net assets | (128742) | (36913) | (182144) |
| Net assets as of December 31, 2024 | $1592707 | $1038691 | $1733946 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 44103 |  | 7244 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (28701) | (17853) | (29784) |
| Net investment income (loss) | 15402 | (17853) | (22540) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 170322 | 168263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 153678 | 1144 | 69932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 375883 | (1642) | (9307) |
| Net gain (loss) on investments | 529561 | 169824 | 228888 |
| Net increase (decrease) in net assets from operations | 544963 | 151971 | 206348 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 72 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (173670) | (80104) | (130472) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (288777) | (40139) | (21860) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (22300) | (7288) | (14832) |
| Increase (decrease) in net assets from contract transactions | (484747) | (127459) | (167164) |
| Total increase (decrease) in net assets | 60216 | 24512 | 39184 |
| Net assets as of December 31, 2025 | $1652923 | $1063203 | $1773130 |

---

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

Delaware Life NY Variable Account C - Regatta<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | LVIP JPMorgan <br> Core Bond Fund | LVIP JPMorgan<br> U.S. Equity Fund | MFS U.S. <br> Government <br> Money Market <br> Portfolio |
| Net assets as of December 31, 2023 | $1493635 | $1008816 | $892971 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 59070 | 3728 | 42885 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (24660) | (19786) | (12704) |
| Net investment income (loss) | 34410 | (16058) | 30181 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 46544 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (19321) | 62796 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (15777) | 114356 | - |
| Net gain (loss) on investments | (35098) | 223696 | - |
| Net increase (decrease) in net assets from operations | (688) | 207638 | 30181 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  | 335311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (156228) | (99965) | (522522) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 94881 | (2556) | 128306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (23713) | (10957) | (596) |
| Increase (decrease) in net assets from contract transactions | (85060) | (113478) | (59501) |
| Total increase (decrease) in net assets | (85748) | 94160 | (29320) |
| Net assets as of December 31, 2024 | $1407887 | $1102976 | $863651 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 48788 | 2827 | 28082 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (23688) | (20445) | (10347) |
| Net investment income (loss) | 25100 | (17618) | 17735 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 31511 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (17155) | 69402 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 65877 | 50921 | - |
| Net gain (loss) on investments | 48722 | 151834 | - |
| Net increase (decrease) in net assets from operations | 73822 | 134216 | 17735 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  | 157576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (92042) | (111814) | (53213) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 68793 | 8776 | (206929) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (24237) | (12259) | (531) |
| Increase (decrease) in net assets from contract transactions | (47486) | (115297) | (103097) |
| Total increase (decrease) in net assets | 26336 | 18919 | (85362) |
| Net assets as of December 31, 2025 | $1434223 | $1121895 | $778289 |

---

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

Delaware Life NY Variable Account C - Regatta<br> Statements of Operations and Change in Net Assets (continued)<br> Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT I Growth<br> Series Initial Class | MFS VIT I Growth <br> Series Service <br> Class | MFS VIT I Mid Cap<br> Growth Series |
| Net assets as of December 31, 2023 | $6775121 | $803292 | $821037 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (108848) | (16206) | (14249) |
| Net investment income (loss) | (108848) | (16206) | (14249) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 596413 | 70783 | 56915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 440872 | 35103 | (52297) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 1024070 | 133242 | 108641 |
| Net gain (loss) on investments | 2061355 | 239128 | 113259 |
| Net increase (decrease) in net assets from operations | 1952507 | 222922 | 99010 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 30466 | 5222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (631605) | (93244) | (138632) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (114166) | (64863) | (33586) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (590) | (3870) | (3764) |
| Increase (decrease) in net assets from contract transactions | (746361) | (131511) | (170760) |
| Total increase (decrease) in net assets | 1206146 | 91411 | (71750) |
| Net assets as of December 31, 2024 | $7981267 | $894703 | $749287 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (109210) | (17176) | (13138) |
| Net investment income (loss) | (109210) | (17176) | (13138) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 1401961 | 191263 | 141799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 381014 | 13327 | (20567) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (924592) | (97033) | (89621) |
| Net gain (loss) on investments | 858383 | 107557 | 31611 |
| Net increase (decrease) in net assets from operations | 749173 | 90381 | 18473 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (745053) | (31725) | (78489) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (1978) | 61952 | 56295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (519) | (5105) | (4243) |
| Increase (decrease) in net assets from contract transactions | (747550) | 25122 | (26437) |
| Total increase (decrease) in net assets | 1623 | 115503 | (7964) |
| Net assets as of December 31, 2025 | $7982890 | $1010206 | $741323 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT I New<br>Discovery Series<br>Initial Class | MFS VIT I New<br>Discovery Series<br>Service Class |<br>MFS VIT I<br>Research Series |
| Net assets as of December 31, 2023 | $488802 | $&nbsp;&nbsp;&nbsp;&nbsp;1523692 | $&nbsp;&nbsp;&nbsp;&nbsp;8083477 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  | 29227 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (6954) | (24390) | (139647) |
| Net investment income (loss) | (6954) | (24390) | (110420) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  | 456961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (17198) | (255591) | 452049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 48954 | 356541 | 449687 |
| Net gain (loss) on investments | 31756 | 100950 | 1358697 |
| Net increase (decrease) in net assets from operations | 24802 | 76560 | 1248277 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 8448 | 50671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (20497) | (250150) | (1323724) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 908 | (27945) | (451238) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (40) | (2844) | (66890) |
| Increase (decrease) in net assets from contract transactions | (19629) | (272491) | (1791181) |
| Total increase (decrease) in net assets | 5173 | (195931) | (542904) |
| Net assets as of December 31, 2024 | $493975 | $&nbsp;&nbsp;&nbsp;&nbsp;1327761 | $&nbsp;&nbsp;&nbsp;&nbsp;7540573 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  |  | 11626 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (6708) | (22196) | (130389) |
| Net investment income (loss) | (6708) | (22196) | (118763) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  | 1809925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (23850) | (123077) | 248331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 83198 | 294690 | (1148367) |
| Net gain (loss) on investments | 59348 | 171613 | 909889 |
| Net increase (decrease) in net assets from operations | 52640 | 149417 | 791126 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 120 | 54319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (48345) | (106962) | (1185221) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (1929) | (13935) | 315480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (47) | 39 | (64417) |
| Increase (decrease) in net assets from contract transactions | (50321) | (120738) | (879839) |
| Total increase (decrease) in net assets | 2319 | 28679 | (88713) |
| Net assets as of December 31, 2025 | $496294 | $&nbsp;&nbsp;&nbsp;&nbsp;1356440 | $&nbsp;&nbsp;&nbsp;&nbsp;7451860 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT I Total<br>Return Bond<br>Series |<br>MFS VIT I Utilities<br>Series Initial Class | MFS VIT I Utilities<br>Series Service<br>Class |
| Net assets as of December 31, 2023 | $21326051 | $2744449 | $1862011 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 833407 | 61827 | 47068 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (349100) | (37845) | (35323) |
| Net investment income (loss) | 484307 | 23982 | 11745 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 76294 | 65533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (511986) | 13984 | 44298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 177672 | 148486 | 83454 |
| Net gain (loss) on investments | (334314) | 238764 | 193285 |
| Net increase (decrease) in net assets from operations | 149993 | 262746 | 205030 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 167871 |  | 44537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (2649106) | (308051) | (300180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 696917 | (58430) | 411431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (315630) | (412) | (17335) |
| Increase (decrease) in net assets from contract transactions | (2099948) | (366893) | 138453 |
| Total increase (decrease) in net assets | (1949955) | (104147) | 343483 |
| Net assets as of December 31, 2024 | $19376096 | $2640302 | $2205494 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 814058 | 72493 | 61047 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (322038) | (36447) | (39145) |
| Net investment income (loss) | 492020 | 36046 | 21902 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 33153 | 30444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (333422) | 110366 | 39975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 809682 | 152755 | 174314 |
| Net gain (loss) on investments | 476260 | 296274 | 244733 |
| Net increase (decrease) in net assets from operations | 968280 | 332320 | 266635 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 51371 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (1915623) | (426057) | (188648) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 1074258 | 3154 | 72569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (314000) | (321) | (19422) |
| Increase (decrease) in net assets from contract transactions | (1103994) | (423224) | (135501) |
| Total increase (decrease) in net assets | (135714) | (90904) | 131134 |
| Net assets as of December 31, 2025 | $19240382 | $2549398 | $2336628 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  |<br>MFS VIT I Value<br>Series Initial Class |<br>MFS VIT I Value<br>Series Service<br>Class | MFS VIT II<br>Blended Research<br>Core Equity<br>Portfolio I Class |
| Net assets as of December 31, 2023 | $6453367 | $4889521 | $10011569 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 109043 | 67869 | 109707 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (105586) | (82886) | (152686) |
| Net investment income (loss) | 3457 | (15017) | (42979) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 493856 | 360548 | 747419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 152543 | 177483 | 347348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (19368) | (70943) | 1221619 |
| Net gain (loss) on investments | 627031 | 467088 | 2316386 |
| Net increase (decrease) in net assets from operations | 630488 | 452071 | 2273407 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 148703 | 15081 | 356847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (661832) | (578726) | (1062631) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (134345) | (253211) | (341185) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (7477) | (41608) | (993) |
| Increase (decrease) in net assets from contract transactions | (654951) | (858464) | (1047962) |
| Total increase (decrease) in net assets | (24463) | (406393) | 1225445 |
| Net assets as of December 31, 2024 | $6428904 | $4483128 | $11237014 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 98091 | 59487 | 109453 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (98224) | (73918) | (149599) |
| Net investment income (loss) | (133) | (14431) | (40146) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 456325 | 328671 | 1881366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 206079 | 157216 | 415445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 3269 | (20615) | (855895) |
| Net gain (loss) on investments | 665673 | 465272 | 1440916 |
| Net increase (decrease) in net assets from operations | 665540 | 450841 | 1400770 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 42824 | 240 | 47095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (975181) | (671289) | (800510) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (36070) | 9161 | (691279) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (11534) | (40287) | (822) |
| Increase (decrease) in net assets from contract transactions | (979961) | (702175) | (1445516) |
| Total increase (decrease) in net assets | (314421) | (251334) | (44746) |
| Net assets as of December 31, 2025 | $6114483 | $4231794 | $11192268 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II<br>Blended Research<br>Core Equity<br>Portfolio S Class |<br>MFS VIT II Core<br>Equity Portfolio I<br>Class |<br>MFS VIT II Core<br>Equity Portfolio S<br>Class |
| Net assets as of December 31, 2023 | $2708513 | $1629533 | $1624267 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 20317 | 10445 | 7031 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (45494) | (24625) | (31652) |
| Net investment income (loss) | (25177) | (14180) | (24621) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 181327 | 76006 | 78280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 182278 | 67408 | 51257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 241022 | 165927 | 177057 |
| Net gain (loss) on investments | 604627 | 309341 | 306594 |
| Net increase (decrease) in net assets from operations | 579450 | 295161 | 281973 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 19402 | 127667 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (413430) | (144571) | (90786) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (363839) | (131598) | 4448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (522) | (331) | (13972) |
| Increase (decrease) in net assets from contract transactions | (758389) | (148833) | (100310) |
| Total increase (decrease) in net assets | (178939) | 146328 | 181663 |
| Net assets as of December 31, 2024 | $2529574 | $1775861 | $1805930 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 20028 | 8098 | 4284 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (42492) | (24689) | (33179) |
| Net investment income (loss) | (22464) | (16591) | (28895) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 474068 | 180463 | 194936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 76316 | 45947 | 51944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (179520) | (21937) | (33378) |
| Net gain (loss) on investments | 370864 | 204473 | 213502 |
| Net increase (decrease) in net assets from operations | 348400 | 187882 | 184607 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 264 | 50307 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (220537) | (91391) | (98246) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (51480) | (116948) | 15834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (2320) | (251) | (13818) |
| Increase (decrease) in net assets from contract transactions | (274073) | (158283) | (96230) |
| Total increase (decrease) in net assets | 74327 | 29599 | 88377 |
| Net assets as of December 31, 2025 | $2603901 | $1805460 | $1894307 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | <br>MFS VIT II<br>Corporate Bond<br>Portfolio I Class |<br>MFS VIT II<br>Corporate Bond<br>Portfolio S Class | MFS VIT II<br>Emerging Markets<br>Equity Portfolio I<br>Class |
| Net assets as of December 31, 2023 | $694324 | $&nbsp;&nbsp;&nbsp;&nbsp;8575224 | $175630 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 28562 | 316547 | 4375 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (10207) | (139714) | (2558) |
| Net investment income (loss) | 18355 | 176833 | 1817 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (6229) | (288291) | (1712) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (642) | 204183 | 16803 |
| Net gain (loss) on investments | (6871) | (84108) | 15091 |
| Net increase (decrease) in net assets from operations | 11484 | 92725 | 16908 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (17437) | (1059072) | (4382) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 30532 | 424955 | 168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (76) | (102792) | (9) |
| Increase (decrease) in net assets from contract transactions | 13019 | (736909) | (4223) |
| Total increase (decrease) in net assets | 24503 | (644184) | 12685 |
| Net assets as of December 31, 2024 | $718827 | $&nbsp;&nbsp;&nbsp;&nbsp;7931040 | $188315 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 32280 | 367693 | 4123 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (8525) | (128716) | (2824) |
| Net investment income (loss) | 23755 | 238977 | 1299 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  | 1394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (107540) | (220623) | 2160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 121976 | 403595 | 51474 |
| Net gain (loss) on investments | 14436 | 182972 | 55028 |
| Net increase (decrease) in net assets from operations | 38191 | 421949 | 56327 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (248324) | (761245) | (30349) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (35324) | 337772 | (1927) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (69) | (101079) | (9) |
| Increase (decrease) in net assets from contract transactions | (283717) | (524552) | (32285) |
| Total increase (decrease) in net assets | (245526) | (102603) | 24042 |
| Net assets as of December 31, 2025 | $473301 | $&nbsp;&nbsp;&nbsp;&nbsp;7828437 | $212357 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II<br>Emerging Markets<br>Equity Portfolio S<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class | <br>MFS VIT II Global<br>Governments<br>Portfolio I Class | <br>MFS VIT II Global<br>Governments<br>Portfolio S Class |
| Net assets as of December 31, 2023 | $999976 | $106601 | $1553 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 18304 |  |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (15227) | (1390) | (25) |
| Net investment income (loss) | 3077 | (1390) | (25) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (13893) | (4049) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 94573 | (571) | (68) |
| Net gain (loss) on investments | 80680 | (4620) | (73) |
| Net increase (decrease) in net assets from operations | 83757 | (6010) | (98) |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 19661 | 331 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (121505) | (12332) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (156859) | (260) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (10791) | (47) | (2) |
| Increase (decrease) in net assets from contract transactions | (269494) | (12308) | (2) |
| Total increase (decrease) in net assets | (185737) | (18318) | (100) |
| Net assets as of December 31, 2024 | $814239 | $88283 | $1453 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 16175 | 1540 | 24 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (13823) | (1192) | (25) |
| Net investment income (loss) | 2352 | 348 | (1) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 6186 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 23516 | (3775) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 199230 | 7841 | 72 |
| Net gain (loss) on investments | 228932 | 4066 | 67 |
| Net increase (decrease) in net assets from operations | 231284 | 4414 | 66 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (61092) | (17124) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (102187) | 42 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (8719) | (37) | (2) |
| Increase (decrease) in net assets from contract transactions | (171998) | (17119) | - |
| Total increase (decrease) in net assets | 59286 | (12705) | 66 |
| Net assets as of December 31, 2025 | $873525 | $75578 | $1519 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II Global<br>Growth Portfolio I<br>Class | MFS VIT II Global<br>Growth Portfolio S<br>Class | MFS VIT II Global<br>Research Portfolio<br>I Class |
| Net assets as of December 31, 2023 | $1808307 | $2621 | $4283710 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 6464 | 4 | 47706 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (26737) | (48) | (63472) |
| Net investment income (loss) | (20273) | (44) | (15766) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 141609 | 210 | 233147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 57452 | 21 | 168886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (9069) | 47 | 183755 |
| Net gain (loss) on investments | 189992 | 278 | 585788 |
| Net increase (decrease) in net assets from operations | 169719 | 234 | 570022 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 74981 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (66321) |  | (263676) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (75906) |  | (50192) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (257) | (3) | (553) |
| Increase (decrease) in net assets from contract transactions | (67503) | (3) | (314421) |
| Total increase (decrease) in net assets | 102216 | 231 | 255601 |
| Net assets as of December 31, 2024 | $1910523 | $2852 | $4539311 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 5864 | 3 | 42047 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (24393) | (49) | (62650) |
| Net investment income (loss) | (18529) | (46) | (20603) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 211166 | 360 | 536882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 81644 | 20 | 404926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (169209) | (174) | (313069) |
| Net gain (loss) on investments | 123601 | 206 | 628739 |
| Net increase (decrease) in net assets from operations | 105072 | 160 | 608136 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 41657 |  | 70002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (270352) |  | (611626) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (64412) | 2 | (81917) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (211) | (4) | (548) |
| Increase (decrease) in net assets from contract transactions | (293318) | (2) | (624089) |
| Total increase (decrease) in net assets | (188246) | 158 | (15953) |
| Net assets as of December 31, 2025 | $1722277 | $3010 | $4523358 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II Global<br>Research Portfolio<br>S Class | MFS VIT II Global<br>Tactical Allocation<br>Portfolio I Class | MFS VIT II Global<br>Tactical Allocation<br>Portfolio S Class |
| Net assets as of December 31, 2023 | $50796 | $912097 | $20357448 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 436 | 7116 | 96994 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (904) | (12917) | (331459) |
| Net investment income (loss) | (468) | (5801) | (234465) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 2782 | 4745 | 98301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 2937 | (8105) | (370272) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 1242 | 41253 | 1119432 |
| Net gain (loss) on investments | 6961 | 37893 | 847461 |
| Net increase (decrease) in net assets from operations | 6493 | 32092 | 612996 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 8484 | 93552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments |  | (43686) | (2906902) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (3254) | 1062 | 233751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (3) | (155) | (347782) |
| Increase (decrease) in net assets from contract transactions | (3257) | (34295) | (2927381) |
| Total increase (decrease) in net assets | 3236 | (2203) | (2314385) |
| Net assets as of December 31, 2024 | $54032 | $909894 | $18043063 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 413 | 58681 | 1076758 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (958) | (13093) | (307710) |
| Net investment income (loss) | (545) | 45588 | 769048 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 7119 | 48612 | 933014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 1854 | (8925) | (188170) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (665) | 36956 | 762503 |
| Net gain (loss) on investments | 8308 | 76643 | 1507347 |
| Net increase (decrease) in net assets from operations | 7763 | 122231 | 2276395 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (2315) | (156893) | (1862091) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 184 | 1096 | (63858) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (59) | (128) | (350714) |
| Increase (decrease) in net assets from contract transactions | (2190) | (155925) | (2276663) |
| Total increase (decrease) in net assets | 5573 | (33694) | (268) |
| Net assets as of December 31, 2025 | $59605 | $876200 | $18042795 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II<br>Government<br>Securities Portfolio<br>I Class | MFS VIT II<br>Government<br>Securities Portfolio<br>S Class | <br>MFS VIT II High<br>Yield Portfolio I<br>Class |
| Net assets as of December 31, 2023 | $947892 | $&nbsp;&nbsp;&nbsp;&nbsp;8421569 | $986214 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 33251 | 273879 | 57603 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (13024) | (138702) | (13252) |
| Net investment income (loss) | 20227 | 135177 | 44351 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (12737) | (237861) | (14108) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (13100) | 7273 | 19095 |
| Net gain (loss) on investments | (25837) | (230588) | 4987 |
| Net increase (decrease) in net assets from operations | (5610) | (95411) | 49338 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 467 | 20701 | 822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (43433) | (1275094) | (49548) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 10013 | 1064784 | (12117) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (208) | (73286) | (132) |
| Increase (decrease) in net assets from contract transactions | (33161) | (262895) | (60975) |
| Total increase (decrease) in net assets | (38771) | (358306) | (11637) |
| Net assets as of December 31, 2024 | $909121 | $&nbsp;&nbsp;&nbsp;&nbsp;8063263 | $974577 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 39079 | 304252 | 62121 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (11364) | (127158) | (13029) |
| Net investment income (loss) | 27715 | 177094 | 49092 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (58521) | (334484) | (22172) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 77375 | 521609 | 38224 |
| Net gain (loss) on investments | 18854 | 187125 | 16052 |
| Net increase (decrease) in net assets from operations | 46569 | 364219 | 65144 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 134064 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (343553) | (1434141) | (60341) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (5522) | 348327 | (32192) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (183) | (74599) | (117) |
| Increase (decrease) in net assets from contract transactions | (349258) | (1026349) | (92630) |
| Total increase (decrease) in net assets | (302689) | (662130) | (27486) |
| Net assets as of December 31, 2025 | $606432 | $&nbsp;&nbsp;&nbsp;&nbsp;7401133 | $947091 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II High<br>Yield Portfolio<br>Service Class | <br>MFS VIT II Income<br>Portfolio I Class | <br>MFS VIT II Income<br>Portfolio S Class |
| Net assets as of December 31, 2023 | $1215423 | $880827 | $40847 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 71023 | 35099 | 1585 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (19866) | (12516) | (616) |
| Net investment income (loss) | 51157 | 22583 | 969 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (26382) | (28722) | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 31617 | 22535 | (421) |
| Net gain (loss) on investments | 5235 | (6187) | (403) |
| Net increase (decrease) in net assets from operations | 56392 | 16396 | 566 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 32797 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (184016) | (147303) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 19202 | 26806 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (6436) | (139) | - |
| Increase (decrease) in net assets from contract transactions | (138453) | (120636) | - |
| Total increase (decrease) in net assets | (82061) | (104240) | 566 |
| Net assets as of December 31, 2024 | $1133362 | $776587 | $41413 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 71574 | 41556 | 1768 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (18040) | (12980) | (632) |
| Net investment income (loss) | 53534 | 28576 | 1136 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (18775) | (40976) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 36036 | 63602 | 1123 |
| Net gain (loss) on investments | 17261 | 22626 | 1147 |
| Net increase (decrease) in net assets from operations | 70795 | 51202 | 2283 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (138108) | (150188) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 33565 | 301801 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (7441) | (53) | (7) |
| Increase (decrease) in net assets from contract transactions | (111984) | 151560 | (3) |
| Total increase (decrease) in net assets | (41189) | 202762 | 2280 |
| Net assets as of December 31, 2025 | $1092173 | $979349 | $43693 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II <br> International <br> Growth Portfolio I <br> Class | MFS VIT II <br> International <br> Growth Portfolio S <br> Class | MFS VIT II <br> International <br> Intrinsic Value <br> Portfolio Initial <br> Class |
| Net assets as of December 31, 2023 | $293512 | $403876 | $1070686 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 2934 | 2850 | 15266 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (4223) | (6785) | (15652) |
| Net investment income (loss) | (1289) | (3935) | (386) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 953 | 1120 | 49225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 6079 | 13466 | 47332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 15328 | 16380 | (32614) |
| Net gain (loss) on investments | 22360 | 30966 | 63943 |
| Net increase (decrease) in net assets from operations | 21071 | 27031 | 63557 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (20410) | (83040) | (86645) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 1071 | (3194) | 5577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (26) | (3321) | (102) |
| Increase (decrease) in net assets from contract transactions | (19365) | (89555) | (81170) |
| Total increase (decrease) in net assets | 1706 | (62524) | (17613) |
| Net assets as of December 31, 2024 | $295218 | $341352 | $1053073 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 2814 | 2481 | 13239 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (4328) | (6004) | (13328) |
| Net investment income (loss) | (1514) | (3523) | (89) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 16740 | 18393 | 47965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 6990 | 18860 | 162830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 32679 | 25327 | 45979 |
| Net gain (loss) on investments | 56409 | 62580 | 256774 |
| Net increase (decrease) in net assets from operations | 54895 | 59057 | 256685 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  | 121568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (27466) | (34177) | (343875) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 480 | (16743) | (155505) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (30) | 678 | (97) |
| Increase (decrease) in net assets from contract transactions | (27016) | (50242) | (377909) |
| Total increase (decrease) in net assets | 27879 | 8815 | (121224) |
| Net assets as of December 31, 2025 | $323097 | $350167 | $931849 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II <br> International <br> Intrinsic Value <br> Portfolio Service <br> Class | MFS VIT II <br> Massachusetts <br> Investors Growth <br> Stock Portfolio I <br> Class | MFS VIT II <br> Massachusetts <br> Investors Growth <br> Stock Portfolio S <br> Class |
| Net assets as of December 31, 2023 | $2583162 | $9515219 | $621117 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 29651 | 35133 | 954 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (44159) | (141356) | (10858) |
| Net investment income (loss) | (14508) | (106223) | (9904) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 115400 | 880665 | 66337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 54563 | 334156 | 34379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (20747) | 241626 | 3532 |
| Net gain (loss) on investments | 149216 | 1456447 | 104248 |
| Net increase (decrease) in net assets from operations | 134708 | 1350224 | 94344 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 1250 | 189124 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (185567) | (553332) | (67434) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 15089 | (277965) | 92292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (11784) | (1058) | (76) |
| Increase (decrease) in net assets from contract transactions | (181012) | (643231) | 24782 |
| Total increase (decrease) in net assets | (46304) | 706993 | 119126 |
| Net assets as of December 31, 2024 | $2536858 | $10222212 | $740243 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 32378 | 25743 | 124 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (41778) | (136046) | (10892) |
| Net investment income (loss) | (9400) | (110303) | (10768) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 138475 | 1357011 | 107671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 142630 | 586718 | 3689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 409383 | (1079715) | (43059) |
| Net gain (loss) on investments | 690488 | 864014 | 68301 |
| Net increase (decrease) in net assets from operations | 681088 | 753711 | 57533 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 50666 | 9283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (418239) | (1697599) | (71334) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (322705) | (62270) | (132589) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (13186) | (899) | (329) |
| Increase (decrease) in net assets from contract transactions | (754130) | (1710102) | (194969) |
| Total increase (decrease) in net assets | (73042) | (956391) | (137436) |
| Net assets as of December 31, 2025 | $2463816 | $9265821 | $602807 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT II <br> Research <br> International <br> Portfolio I Class | MFS VIT II <br> Research <br> International <br> Portfolio S Class | MFS VIT II U.S. <br> Government <br> Money Market |
| Net assets as of December 31, 2023 | $312909 | $1673944 | $6308022 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 5336 | 22089 | 261652 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (4590) | (26928) | (91115) |
| Net investment income (loss) | 746 | (4839) | 170537 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 764 | 63437 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 3751 | (38996) | - |
| Net gain (loss) on investments | 4515 | 24441 | - |
| Net increase (decrease) in net assets from operations | 5261 | 19602 | 170537 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 22872 | 22067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (1136) | (318633) | (1707826) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net |  | 69262 | 464793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (42) | (6045) | (60298) |
| Increase (decrease) in net assets from contract transactions | (1178) | (232544) | (1281264) |
| Total increase (decrease) in net assets | 4083 | (212942) | (1110727) |
| Net assets as of December 31, 2024 | $316992 | $1461002 | $5197295 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 4199 | 18444 | 180263 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (4382) | (24557) | (77876) |
| Net investment income (loss) | (183) | (6113) | 102387 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 18680 | 72427 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 39745 | 199431 | - |
| Net gain (loss) on investments | 58425 | 271858 | - |
| Net increase (decrease) in net assets from operations | 58242 | 265745 | 102387 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 144 | 19074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (94107) | (147705) | (981279) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 2055 | (65095) | 225883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (42) | (6871) | (56911) |
| Increase (decrease) in net assets from contract transactions | (92094) | (219527) | (793233) |
| Total increase (decrease) in net assets | (33852) | 46218 | (690846) |
| Net assets as of December 31, 2025 | $283140 | $1507220 | $4506449 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT III <br> Blended Research <br> Small Cap Equity<br> Portfolio | MFS VIT III<br> Conservative<br> Allocation Portfolio | MFS VIT III Global <br> Real Estate<br> Portfolio Initial<br> Class |
| Net assets as of December 31, 2023 | $1991944 | $15598786 | $42774 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 15156 | 236299 | 597 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (32610) | (249519) | (557) |
| Net investment income (loss) | (17454) | (13220) | 40 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 16539 | 126842 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 51097 | (578387) | (1109) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 22338 | 1049002 | (545) |
| Net gain (loss) on investments | 89974 | 597457 | (1654) |
| Net increase (decrease) in net assets from operations | 72520 | 584237 | (1614) |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 5253 | 270169 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (233711) | (2657539) | (15515) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (30741) | (104648) | 1236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (9955) | (197800) | (1) |
| Increase (decrease) in net assets from contract transactions | (269154) | (2689818) | (14280) |
| Total increase (decrease) in net assets | (196634) | (2105581) | (15894) |
| Net assets as of December 31, 2024 | $1795310 | $13493205 | $26880 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 13678 | 343695 | 437 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (28551) | (224124) | (425) |
| Net investment income (loss) | (14873) | 119571 | 12 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 180932 | 588741 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 31219 | (375901) | (390) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (116488) | 684813 | 903 |
| Net gain (loss) on investments | 95663 | 897653 | 513 |
| Net increase (decrease) in net assets from operations | 80790 | 1017224 | 525 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 52782 | 9579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (294908) | (1825042) | (2148) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 116841 | (206874) | (8296) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (9127) | (195617) | (38) |
| Increase (decrease) in net assets from contract transactions | (187194) | (2174751) | (903) |
| Total increase (decrease) in net assets | (106404) | (1157527) | (378) |
| Net assets as of December 31, 2025 | $1688906 | $12335678 | $26502 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT III Global <br> Real Estate <br> Portfolio Service<br> Class | MFS VIT III Growth <br> Allocation Portfolio | MFS VIT III<br> Inflation Adjusted <br> Bond Portfolio |
| Net assets as of December 31, 2023 | $2332687 | $17262442 | $5400484 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 35076 | 163082 | 167338 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (37694) | (307052) | (87452) |
| Net investment income (loss) | (2618) | (143970) | 79886 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 519640 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 9131 | (263529) | (257690) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (88693) | 1277786 | (116135) |
| Net gain (loss) on investments | (79562) | 1533897 | (373825) |
| Net increase (decrease) in net assets from operations | (82180) | 1389927 | (293939) |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 6513 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (238451) | (1517785) | (750235) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 176966 | (344078) | 539152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (9725) | (209594) | (84324) |
| Increase (decrease) in net assets from contract transactions | (64697) | (2071457) | (295407) |
| Total increase (decrease) in net assets | (146877) | (681530) | (589346) |
| Net assets as of December 31, 2024 | $2185810 | $16580912 | $4811138 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 24214 | 210538 | 147283 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (35021) | (291830) | (79671) |
| Net investment income (loss) | (10807) | (81292) | 67612 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 822552 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (23110) | (180510) | (243512) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 66215 | 1026813 | 466911 |
| Net gain (loss) on investments | 43105 | 1668855 | 223399 |
| Net increase (decrease) in net assets from operations | 32298 | 1587563 | 291011 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 120 |  | 26166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (286274) | (1749685) | (532266) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 228182 | 64077 | 237547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (11309) | (218654) | (83744) |
| Increase (decrease) in net assets from contract transactions | (69281) | (1904262) | (352297) |
| Total increase (decrease) in net assets | (36983) | (316699) | (61286) |
| Net assets as of December 31, 2025 | $2148827 | $16264213 | $4749852 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT III Limited <br> Maturity Portfolio <br> Initial Class | MFS VIT III Limited <br> Maturity Portfolio<br> Service Class | MFS VIT III Mid <br> Cap Value <br> Portfolio Initial <br> Class |
| Net assets as of December 31, 2023 | $8063199 | $4235913 | $1302319 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 308903 | 148158 | 15664 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (135527) | (72166) | (21767) |
| Net investment income (loss) | 173376 | 75992 | (6103) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  | 52818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (18829) | (10214) | 98963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 129142 | 64944 | 2629 |
| Net gain (loss) on investments | 110313 | 54730 | 154410 |
| Net increase (decrease) in net assets from operations | 283689 | 130722 | 148307 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 42579 | 101550 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (1057191) | (650953) | (224514) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 641990 | 305774 | (48766) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (12119) | (60027) | (1819) |
| Increase (decrease) in net assets from contract transactions | (384741) | (303656) | (275021) |
| Total increase (decrease) in net assets | (101052) | (172934) | (126714) |
| Net assets as of December 31, 2024 | $7962147 | $4062979 | $1175605 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 334748 | 165447 | 12177 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (127527) | (68605) | (19514) |
| Net investment income (loss) | 207221 | 96842 | (7337) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  | 105986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (8562) | (1888) | 42557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 109249 | 48686 | (91396) |
| Net gain (loss) on investments | 100687 | 46798 | 57147 |
| Net increase (decrease) in net assets from operations | 307908 | 143640 | 49810 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 312 |  | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (1042135) | (416258) | (112633) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 455460 | 210047 | 53922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (19664) | (57030) | (2323) |
| Increase (decrease) in net assets from contract transactions | (606027) | (263241) | (60962) |
| Total increase (decrease) in net assets | (298119) | (119601) | (11152) |
| Net assets as of December 31, 2025 | $7664028 | $3943378 | $1164453 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT III Mid <br> Cap Value<br> Portfolio Service<br> Class | MFS VIT III <br> Moderate <br> Allocation Portfolio | MFS VIT III New<br> Discovery Value <br> Portfolio |
| Net assets as of December 31, 2023 | $1206065 | $75457635 | $420242 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 11058 | 955681 | 3992 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (19278) | (1249499) | (5859) |
| Net investment income (loss) | (8220) | (293818) | (1867) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 44762 | 1678463 | 20044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 123466 | (1956004) | 4800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (29953) | 5136700 | 4565 |
| Net gain (loss) on investments | 138275 | 4859159 | 29409 |
| Net increase (decrease) in net assets from operations | 130055 | 4565341 | 27542 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 22192 | 431147 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (161101) | (11025739) | (34714) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (157669) | (1035418) | (67233) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (13982) | (1073810) | (4182) |
| Increase (decrease) in net assets from contract transactions | (310560) | (12703820) | (106129) |
| Total increase (decrease) in net assets | (180505) | (8138479) | (78587) |
| Net assets as of December 31, 2024 | $1025560 | $67319156 | $341655 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 8034 | 1356408 | 5583 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (15991) | (1133262) | (4956) |
| Net investment income (loss) | (7957) | 223146 | 627 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 87544 | 4501605 | 39277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 52405 | (1101172) | 9204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (95119) | 2163044 | (42623) |
| Net gain (loss) on investments | 44830 | 5563477 | 5858 |
| Net increase (decrease) in net assets from operations | 36873 | 5786623 | 6485 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (138173) | (7566597) | (19420) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 36093 | 710245 | 18346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (13394) | (1086774) | (4210) |
| Increase (decrease) in net assets from contract transactions | (115474) | (7943126) | (5284) |
| Total increase (decrease) in net assets | (78601) | (2156503) | 1201 |
| Net assets as of December 31, 2025 | $946959 | $65162653 | $342856 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | MFS VIT Total <br> Return Series <br> Initial Class | MFS VIT Total <br> Return Series <br> Service Class | Morgan Stanley <br> Variable Insurance <br> Fund, Inc.<br> Discovery Portfolio |
| Net assets as of December 31, 2023 | $6611902 | $18299600 | $244667 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 165837 | 414239 |  |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (94104) | (303365) | (3068) |
| Net investment income (loss) | 71733 | 110874 | (3068) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 321047 | 888539 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 20119 | 83650 | (34583) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (1604) | (41874) | 97894 |
| Net gain (loss) on investments | 339562 | 930315 | 63311 |
| Net increase (decrease) in net assets from operations | 411295 | 1041189 | 60243 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 149196 | 101216 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (570238) | (2435718) | (55934) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (85926) | 27354 | (92565) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (1095) | (68064) | (2311) |
| Increase (decrease) in net assets from contract transactions | (508063) | (2375212) | (150810) |
| Total increase (decrease) in net assets | (96768) | (1334023) | (90567) |
| Net assets as of December 31, 2024 | $6515134 | $16965577 | $154100 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 162944 | 415583 | 588 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (82166) | (274527) | (2515) |
| Net investment income (loss) | 80778 | 141056 | (1927) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 434494 | 1222667 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 46198 | 47249 | 31261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (17880) | 41585 | (7162) |
| Net gain (loss) on investments | 462812 | 1311501 | 24099 |
| Net increase (decrease) in net assets from operations | 543590 | 1452557 | 22172 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 44888 | 29125 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (2016798) | (1922267) | (20523) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (50221) | (162145) | (6091) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (927) | (107423) | (2256) |
| Increase (decrease) in net assets from contract transactions | (2023058) | (2162710) | (28870) |
| Total increase (decrease) in net assets | (1479468) | (710153) | (6698) |
| Net assets as of December 31, 2025 | $5035666 | $16255424 | $147402 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | Morgan Stanley <br> Variable Insurance<br> Fund, Inc. Growth <br> Portfolio | PIMCO <br> CommodityReal <br> Return® Strategy <br> Portfolio | PIMCO VIT All<br> Asset Portfolio <br> Admin Class |
| Net assets as of December 31, 2023 | $611479 | $14466 | $681014 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 269 | 43754 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (12468) | (211) | (10552) |
| Net investment income (loss) | (12468) | 58 | 33202 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 70884 | (606) | (11360) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 206571 | 879 | (7022) |
| Net gain (loss) on investments | 277455 | 273 | (18382) |
| Net increase (decrease) in net assets from operations | 264987 | 331 | 14820 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  | 364 | 2460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (38041) | (2392) | (58044) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (176502) | 227 | 14732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (6392) | (239) | (8487) |
| Increase (decrease) in net assets from contract transactions | (220935) | (2040) | (49339) |
| Total increase (decrease) in net assets | 44052 | (1709) | (34519) |
| Net assets as of December 31, 2024 | $655531 | $12757 | $646495 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions |  | 338 | 28461 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (13840) | (199) | (9965) |
| Net investment income (loss) | (13840) | 139 | 18496 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 135865 | (452) | (34654) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 96026 | 2314 | 91009 |
| Net gain (loss) on investments | 231891 | 1862 | 56355 |
| Net increase (decrease) in net assets from operations | 218051 | 2001 | 74851 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (34631) | (1324) | (263930) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (110286) | (571) | (1756) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (7440) | (255) | (8209) |
| Increase (decrease) in net assets from contract transactions | (152357) | (2150) | (273895) |
| Total increase (decrease) in net assets | 65694 | (149) | (199044) |
| Net assets as of December 31, 2025 | $721225 | $12608 | $447451 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | PIMCO VIT All <br> Asset Portfolio<br> Advisor Class | PIMCO VIT <br> CommodityRealReturnTM <br> Strategy <br> Portfolio | PIMCO VIT <br> Emerging Markets<br> Bond Portfolio |
| Net assets as of December 31, 2023 | $1561371 | $1216823 | $451530 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 96763 | 26395 | 29140 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (25848) | (20419) | (7814) |
| Net investment income (loss) | 70915 | 5976 | 21326 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (28601) | 20471 | (12945) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (13274) | 3501 | 17165 |
| Net gain (loss) on investments | (41875) | 23972 | 4220 |
| Net increase (decrease) in net assets from operations | 29040 | 29948 | 25546 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 2884 |  | 5240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (106031) | (123963) | (33689) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 35708 | 76624 | 3176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (26881) | (13973) | (5293) |
| Increase (decrease) in net assets from contract transactions | (94320) | (61312) | (30566) |
| Total increase (decrease) in net assets | (65280) | (31364) | (5020) |
| Net assets as of December 31, 2024 | $1496091 | $1185459 | $446510 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 68099 | 32941 | 30587 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (25139) | (19589) | (7540) |
| Net investment income (loss) | 42960 | 13352 | 23047 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (25480) | (48617) | (13745) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 158962 | 221467 | 45388 |
| Net gain (loss) on investments | 133482 | 172850 | 31643 |
| Net increase (decrease) in net assets from operations | 176442 | 186202 | 54690 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (92304) | (143377) | (45357) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (12450) | (54753) | (524) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (28827) | (14608) | (5700) |
| Increase (decrease) in net assets from contract transactions | (133581) | (212738) | (51581) |
| Total increase (decrease) in net assets | 42861 | (26536) | 3109 |
| Net assets as of December 31, 2025 | $1538952 | $1158923 | $449619 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | PIMCO VIT Global<br>Managed Asset<br>Allocation Portfolio |<br>PIMCO VIT Real<br>Return Portfolio | PIMCO VIT<br>StocksPLUS<br>Global Portfolio |
| Net assets as of December 31, 2023 | $29706242 | $1250480 | $50074 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 1000476 | 32209 | 2624 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (499733) | (20776) | (779) |
| Net investment income (loss) | 500743 | 11433 | 1845 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (940251) | (14370) | (666) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 2980774 | 10256 | 4505 |
| Net gain (loss) on investments | 2040523 | (4114) | 3839 |
| Net increase (decrease) in net assets from operations | 2541266 | 7319 | 5684 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 152562 | 5240 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (3242542) | (210050) | (2822) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (606231) | 85192 | (2039) |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (518768) | (4443) | (550) |
| Increase (decrease) in net assets from contract transactions | (4214979) | (124061) | (5411) |
| Total increase (decrease) in net assets | (1673713) | (116742) | 273 |
| Net assets as of December 31, 2024 | $28032529 | $1133738 | $50347 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 1234479 | 35372 | 2397 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (477861) | (18252) | (798) |
| Net investment income (loss) | 756618 | 17120 | 1599 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (288982) | (11594) | 1159 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 4671225 | 58792 | 7962 |
| Net gain (loss) on investments | 4382243 | 47198 | 9121 |
| Net increase (decrease) in net assets from operations | 5138861 | 64318 | 10720 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 53087 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (2990779) | (181065) | (2922) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (1043120) | 49143 | (2379) |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (534706) | (4230) | (627) |
| Increase (decrease) in net assets from contract transactions | (4515518) | (136152) | (5928) |
| Total increase (decrease) in net assets | 623343 | (71834) | 4792 |
| Net assets as of December 31, 2025 | $28655872 | $1061904 | $55139 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  |<br>PIMCO VIT Total<br>Return Portfolio |<br>Putman VT Large<br>Cap Value Fund | Templeton<br>Developing<br>Markets VIP Fund |
| Net assets as of December 31, 2023 | $4420035 | $506346 | $802757 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 173362 | 5964 | 29257 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (73231) | (10650) | (12686) |
| Net investment income (loss) | 100131 | (4686) | 16571 |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 24277 | 5623 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (137886) | 43600 | (14346) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 73840 | 28044 | 36184 |
| Net gain (loss) on investments | (64046) | 95921 | 27461 |
| Net increase (decrease) in net assets from operations | 36085 | 91235 | 44032 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 31465 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (601751) | (165074) | (142499) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 309831 | 163362 | (7515) |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (14024) | (6058) | (2182) |
| Increase (decrease) in net assets from contract transactions | (274479) | (7770) | (152196) |
| Total increase (decrease) in net assets | (238394) | 83465 | (108164) |
| Net assets as of December 31, 2024 | $4181641 | $589811 | $694593 |
| Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 162056 | 8670 | 3800 |
| Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (67009) | (10420) | (11624) |
| Net investment income (loss) | 95047 | (1750) | (7824) |
| Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 41472 | 11860 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | (192489) | 26213 | 11603 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 371519 | 37127 | 242156 |
| Net gain (loss) on investments | 179030 | 104812 | 265619 |
| Net increase (decrease) in net assets from operations | 274077 | 103062 | 257795 |
| Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 19106 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (801281) | (44130) | (111873) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 277329 | (20534) | (133320) |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (12599) | (6189) | (2533) |
| Increase (decrease) in net assets from contract transactions | (517445) | (70853) | (247726) |
| Total increase (decrease) in net assets | (243368) | 32209 | 10069 |
| Net assets as of December 31, 2025 | $3938273 | $622020 | $704662 |

---

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

Delaware Life NY Variable Account C - Regatta

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024

---

| | | |
|:---|:---|:---|
|  | Templeton Foreign<br>VIP Fund | Templeton Growth<br>VIP Fund |
| Net assets as of December 31, 2023 | $4388407 | $635869 |
| Investment income (loss): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 103600 | 5813 |
| Investment Expenses: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (71988) | (10680) |
| Net investment income (loss) | 31612 | (4867) |
| Increase (decrease) in net assets from operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions |  | 1989 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 76256 | 4059 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | (211473) | 21703 |
| Net gain (loss) on investments | (135217) | 27751 |
| Net increase (decrease) in net assets from operations | (103605) | 22884 |
| Contract owner transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 35702 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (635497) | (80886) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | 344964 | 14172 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (1347) | (4059) |
| Increase (decrease) in net assets from contract transactions | (256178) | (70773) |
| Total increase (decrease) in net assets | (359783) | (47889) |
| Net assets as of December 31, 2024 | $4028624 | $587980 |
| Investment income (loss): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend distributions | 94702 | 5351 |
| Investment Expenses: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and administrative charges | (68416) | (10303) |
| Net investment income (loss) | 26286 | (4952) |
| Increase (decrease) in net assets from operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 264429 | 45937 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized capital gain (loss) on investments | 163144 | 13496 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in unrealized appreciation (depreciation) | 537622 | 64238 |
| Net gain (loss) on investments | 965195 | 123671 |
| Net increase (decrease) in net assets from operations | 991481 | 118719 |
| Contract owner transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 9793 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Terminations, withdrawals and annuity payments | (332469) | (39499) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers between subaccounts, net | (427825) | (42078) |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance charges and mortality adjustments | (6243) | (4483) |
| Increase (decrease) in net assets from contract transactions | (756744) | (86060) |
| Total increase (decrease) in net assets | 234737 | 32659 |
| Net assets as of December 31, 2025 | $4263361 | $620639 |

---

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

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements

December 31, 2025

**Note 1. Organization**

Delaware Life NY Variable Account C - Regatta (the "Separate Account") is a separate account of Nassau Life Insurance Company ("NNY", the "Company", the "Sponsor", "we" or "us"). NNY is a wholly-owned subsidiary of The Nassau Companies of New York ("NCNY"), whose ultimate parent is Nassau Insurance Group Holdings G.P., LLC ("Nassau"). Founded in April 2015, Nassau is a privately held insurance and reinsurance business focused on building a franchise across the insurance value chain. NCNY is a holding company for NNY. On July 1, 2023, NNY completed its acquisition of Delaware Life Insurance Company of New York ("DLNY") from Delaware Life Insurance Company, after receipt of insurance regulatory approval by the New York Department of Financial Services (the "NYDFS" or the "Department"). Effective July 5, 2023, DLNY merged with and into NNY pursuant to a merger agreement with NNY as the surviving entity.The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended and was established on April 2015. As directed by the owners, amounts directed to each subaccount are invested in a designated mutual fund as follows:

---

| | |
|:---|:---|
| **Subaccount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Share Class** |
| AB VPS Balanced Hedged Allocation Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class B |
| AB VPS Discovery Value Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| AB VPS Dynamic Asset Allocation Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class B |
| AB VPS International Value Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class B |
| BlackRock Global Allocation V.I. Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class III |
| Columbia CTIVP - Principal Large Cap Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 1 |
| Columbia CTIVP - Principal Large Cap Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Columbia Variable Portfolio – Acorn Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| Columbia Variable Portfolio - Large Cap Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 1 |
| Columbia Variable Portfolio - Large Cap Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Columbia Variable Portfolio - Overseas Core Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Columbia Variable Portfolio - Small Cap Value Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Fidelity VIP Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class 2 |
| Fidelity VIP Contrafund Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class 2 |
| Fidelity VIP Freedom 2010 Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class 2 |
| Fidelity VIP Freedom 2015 Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class 2 |
| Fidelity VIP Freedom 2020 Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class 2 |
| Fidelity VIP Mid Cap Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class 2 |
| First Eagle Overseas Variable Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| Franklin Income VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Franklin Mutual Shares VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Franklin Templeton Allocation VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Franklin Templeton Global Bond VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 4 |
| Franklin Templeton Income VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 4 |
| Franklin Templeton Mutual Shares VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 4 |
| Franklin Templeton Small Cap Value VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Franklin Templeton Small Cap Value VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 4 |
| Franklin Templeton Strategic Income VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Franklin Templeton Strategic Income VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 4 |
| Invesco V.I. American Value Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series II |
| Invesco V.I. Comstock Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series II |
| Invesco V.I. Discovery Large Cap Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series II |
| Invesco V.I. Equity and Income Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series II |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 1. Organization (continued)**

---

| | |
|:---|:---|
| **Subaccount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Share Class** |
| Invesco V.I. EQV International Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series II |
| Invesco V.I. Global Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series II |
| Invesco V.I. Main Street Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series II |
| Invesco V.I. Main Street Small Cap Fund® | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series II |
| Lazard Retirement Emerging Markets Equity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| Lord Abbett Series Fund - Growth Opportunities Portfolio VC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VC |
| Lord Abbett Series Fund- Fundamental Equity Portfolio VC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VC |
| LVIP JPMorgan Core Bond Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| LVIP JPMorgan U.S. Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS U.S. Government Money Market Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT I Growth Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT I Growth Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT I Mid Cap Growth Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT I New Discovery Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT I New Discovery Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT I Research Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT I Total Return Bond Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT I Utilities Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT I Utilities Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT I Value Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT I Value Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT II Blended Research Core Equity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Blended Research Core Equity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Core Equity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Core Equity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Corporate Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Corporate Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Emerging Markets Equity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Emerging Markets Equity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Global Governments Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Global Governments Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Global Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Global Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Global Research Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Global Research Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Global Tactical Allocation Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Global Tactical Allocation Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Government Securities Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Government Securities Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II High Yield Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II High Yield Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT II Income Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Income Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II International Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 1. Organization (continued)**

---

| | |
|:---|:---|
| **Subaccount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Share Class** |
| MFS VIT II International Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II International Intrinsic Value Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT II International Intrinsic Value Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Research International Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I Class |
| MFS VIT II Research International Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S Class |
| MFS VIT II Technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT II U.S. Government Money Market | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT III Blended Research Small Cap Equity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT III Conservative Allocation Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT III Global Real Estate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT III Global Real Estate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT III Growth Allocation Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT III Inflation Adjusted Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT III Limited Maturity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT III Limited Maturity Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT III Mid Cap Value Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT III Mid Cap Value Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT III Moderate Allocation Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT III New Discovery Value Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| MFS VIT Total Return Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Class |
| MFS VIT Total Return Series | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Class |
| Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class II |
| Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class II |
| PIMCO CommodityReal Return® Strategy Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advisor Class |
| PIMCO VIT All Asset Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admin Class |
| PIMCO VIT All Asset Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advisor Class |
| PIMCO VIT CommodityRealReturnTM Strategy Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admin Class |
| PIMCO VIT Emerging Markets Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admin Class |
| PIMCO VIT Emerging Markets Bond Portfolio Advisor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class |
| PIMCO VIT Global Managed Asset Allocation Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advisor Class |
| PIMCO VIT Real Return Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admin Class |
| PIMCO VIT StocksPLUS Global Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advisor Class |
| PIMCO VIT Total Return Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Admin Class |
| Putman VT Large Cap Value Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class IB |
| Templeton Developing Markets VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Templeton Foreign VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |
| Templeton Growth VIP Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class 2 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 1. Organization (continued)**

One Hundred Sixteen subaccounts are currently offered by the Separate Account. The following subaccounts had no activity for two consecutive years and are not included in the Statements of Net Assets or the Statements of Operations and Change in Net Assets:

**Subaccount**

Columbia CTIVP - Principal Large Cap Growth Fund Class 1

Columbia Variable Portfolio - Large Cap Growth Fund Class 1

Columbia Variable Portfolio - Small Cap Value Fund

Franklin Templeton Mutual Shares VIP Fund

MFS VIT II Technology

PIMCO VIT Emerging Markets Bond Portfolio Advisor

**Note 2. Additions, Mergers, Liquidations and Name Changes**

A. Additions

There were no fund additions in 2024 or 2025.

B. Mergers

As a result of restructuring, the following underlying fund that was previously offered is no longer available as an investment option to our Contract Owners. Any Contract Owner allocations that remained in this fund were redeemed and used to purchase shares of the surviving fund as indicated:

---

| | | |
|:---|:---|:---|
| **Date** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Surviving Subaccount** | **Closed Subaccount** |
| April 26, 2024 |  | Invesco V.I. Conservative Balanced Fund |
| C. Liquidations |  |  |

---

During the last two years the following subaccount was liquidated and subsequently reinvested:

---

| | | | |
|:---|:---|:---|:---|
| <br>**Date** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Liquidated Subaccount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Reinvested Subaccount** | **Transferred**<br>**Assets ($)** |
| April 15, 2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AB VPS Sustainable International Thematic Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS VIT II U.S. Government Money Market Portfolio |  |
| D. Name Changes |  |  |  |

---

During the last two years the following subaccount name changes were made effective:

---

| | | |
|:---|:---|:---|
| **Date** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**New Name** | **Old Name** |
| May 1, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco V.I. Discovery Large Cap Fund | Invesco V.I. Capital Appreciation Fund |
| June 2, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia CTIVP - Principal Large Cap Growth Fund | Columbia CTIVP - Principal Blue Chip Growth Fund |
| June 2, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia CTIVP - Principal Large Cap Growth Fund | Columbia CTIVP - Principal Blue Chip Growth Fund |
| June 2, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbia Variable Portfolio – Acorn Fund | Wanger Acorn |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 3. Significant Accounting Policies**

**Investment Valuation**

Investments in mutual fund shares are carried in the statements of net assets at market value (net asset value of the underlying mutual fund). Investment transactions are accounted for on the trade date. Realized capital gains and losses on sales of investments are determined based on the average cost of investments sold. The difference between cost and current market value of investments owned on the day of measurement is recorded as unrealized appreciation or depreciation of investments.

**Market Risk**

Each subaccount invests in shares of a single underlying fund. The investment performance of each subaccount will reflect the investment performance of the underlying fund less separate account expenses. There is no assurance that the investment objective of any underlying fund will be met. A fund calculates a daily net asset value per share ("NAV") which is based on the market value of its investment portfolio. The amount of risk varies significantly between subaccounts. Due to the level of risk associated with certain investment portfolios, it is at least reasonably possible that changes in the values of investment portfolios will occur in the near term and that such changes could materially affect contract holder's investments in the funds and the amounts reported in the statements of net assets. The contract holder assumes all of the investment performance risk for the subaccounts selected.

**Contracts in Payout (Annuitization) Period**

Net assets allocated to contracts in the payout period are computed according to the 1983a Individual Annuitant Mortality Table, Annuity 2000 Mortality Table, or 2012 Individual Annuity Reserving Mortality Table depending on the particular product. The assumed interest return is also dependent on the particular product, and could range from 0.75 percent to 5.25 percent, as regulated by the laws of the respective states. During the payout period, the mortality risk is fully borne by NNY and may result in additional amounts being transferred into the Separate Account from NNY to cover greater longevity of annuitants than expected. Conversely, if amounts allocated during the payout period exceed amounts required, transfers of excess amounts from the Separate Account may be made to NNY.

These amounts will appear in the "Maintenance charges and mortality adjustments" of the Statements of Operations and Change in Net Assets.

**Annuity Assets**

Annuity Assets relate to contracts that have annuitized and are in the payout period. Such assets are computed on the basis of published mortality tables using assumed interest rates that will provide assets as prescribed by law. In cases where the payout option selected is life contingent, NNY periodically recalculates the required annuity assets, and any resulting adjustment is either charged or credited to NNY and not to the Separate Account.

---

| | |
|:---|:---|
| The annuity assets for December 31, 2025 by subaccount are as follows: |  |
| **Subaccount** | **Annuity Assets** |
| BlackRock Global Allocation V.I. Fund | $4535 |
| Columbia Variable Portfolio - Large Cap Growth Fund Class 2 | 389 |
| Fidelity VIP Contrafund Portfolio | 5287 |
| Fidelity VIP Mid Cap Portfolio | 397 |
| First Eagle Overseas Variable Fund | 3855 |
| Franklin Income VIP Fund | 5349 |
| Franklin Mutual Shares VIP Fund | 968 |
| Invesco V.I. Discovery Large Cap Fund | 2502 |
| Invesco V.I. Main Street Fund | 607 |
| MFS U.S. Government Money Market Portfolio | 8828 |
| MFS VIT I Growth Series Initial Class | 3987 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

---

| | |
|:---|:---|
| **Note 3. Significant Accounting Policies (continued)**<br>**Subaccount** | <br>**Annuity Assets** |
| MFS VIT I New Discovery Series Initial Class | $339 |
| MFS VIT I Research Series | 1484 |
| MFS VIT I Total Return Bond Series | 6825 |
| MFS VIT I Utilities Series Initial Class | 12299 |
| MFS VIT I Value Series Initial Class | 15681 |
| MFS VIT II Blended Research Core Equity Portfolio I Class | 102355 |
| MFS VIT II Core Equity Portfolio I Class | 15812 |
| MFS VIT II Corporate Bond Portfolio I Class | 6596 |
| MFS VIT II Corporate Bond Portfolio S Class | 814 |
| MFS VIT II Emerging Markets Equity Portfolio I Class | 203 |
| MFS VIT II Global Governments Portfolio I Class | 175 |
| MFS VIT II Global Growth Portfolio I Class | 1730 |
| MFS VIT II Global Research Portfolio I Class | 22986 |
| MFS VIT II Global Tactical Allocation Portfolio I Class | 663 |
| MFS VIT II Global Tactical Allocation Portfolio S Class | 8375 |
| MFS VIT II Government Securities Portfolio I Class | 803 |
| MFS VIT II Government Securities Portfolio S Class | 8741 |
| MFS VIT II High Yield Portfolio I Class | 5465 |
| MFS VIT II Income Portfolio I Class | 6601 |
| MFS VIT II International Growth Portfolio I Class | 511 |
| MFS VIT II International Intrinsic Value Portfolio Initial Class | 15398 |
| MFS VIT II International Intrinsic Value Portfolio Service Class | 566 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | 13466 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class | 1121 |
| MFS VIT II Research International Portfolio S Class | 100 |
| MFS VIT II U.S. Government Money Market | 4977 |
| MFS VIT III Blended Research Small Cap Equity Portfolio | 568 |
| MFS VIT III Conservative Allocation Portfolio | 70319 |
| MFS VIT III Global Real Estate Portfolio Initial Class | 1028 |
| MFS VIT III Global Real Estate Portfolio Service Class | 116 |
| MFS VIT III Growth Allocation Portfolio | 186 |
| MFS VIT III Inflation Adjusted Bond Portfolio | 3259 |
| MFS VIT III Limited Maturity Portfolio Initial Class | 455 |
| MFS VIT III Limited Maturity Portfolio Service Class | 291 |
| MFS VIT III Moderate Allocation Portfolio | 34297 |
| MFS VIT Total Return Series Initial Class | 44273 |
| MFS VIT Total Return Series Service Class | 23250 |
| PIMCO VIT CommodityRealReturnTM Strategy Portfolio | 1152 |
| PIMCO VIT Global Managed Asset Allocation Portfolio | 16119 |
| PIMCO VIT Total Return Portfolio | 2513 |
| Templeton Developing Markets VIP Fund | 133 |
| Templeton Foreign VIP Fund | 1154 |

---

**Reinvestment of Dividends**

Dividend and capital gain distributions paid by the mutual funds to the Separate Account are reinvested in additional shares of each respective fund. Dividend income and capital gain distributions are recorded as income on the ex-dividend date.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 3. Significant Accounting Policies (continued)**

**Federal Income Taxes**

The operations of the Separate Account are included in the federal income tax return of NNY, which is taxed as a life insurance company under the provisions of the Internal Revenue Code (IRC). Under the current provisions of the IRC, NNY does not expect to incur federal income taxes on the earnings of the Separate Account to the extent the earnings are credited under contracts. Based on this, no charge is being made currently to the Separate Account for federal income taxes. NNY will review periodically the status of this policy in the event of changes in the tax law.

**Use of Estimates**

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

In applying these estimates and assumptions, management makes subjective and complex judgments that frequently require assumptions about matters that are uncertain and inherently subject to change such as possibility for elevated mortality and investment market volatility.

**Fair Value Measurements**

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).

The Separate Account invests in shares of open-end mutual funds, which process contract holders directed purchases, sales and transfers on a daily basis at the funds' computed net asset values (NAVs). The fair value of the Separate Account's assets is based on the NAVs of mutual funds, which are obtained from the custodians and reflect the fair values of the mutual fund investments. The NAV is calculated daily and is based on the fair values of the underlying securities.

Because the fund provides liquidity for the investments through purchases and redemptions at NAV, this may represent the fair value of the investment in the fund. That is, for an open-ended mutual fund, the fair value of an investment in the fund would not be expected to be higher than the amount that a new investor would be required to spend in order to directly invest in the mutual fund. Similarly, the hypothetical seller of the investment would not be expected to accept less in proceeds than it could receive by directly redeeming its investment with the fund.

The Separate Account measures the fair value of its investment in the Fund on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Separate Account has the ability to access.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument in an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs for the asset or liability, to the extent observable inputs are not available, representing the Separate Account's own assumptions about the assumptions a market participant would use in valuing the assets or liability, and would be based on the best information available.

Investments in Fund shares are valued using the reported net asset value of the respective Funds at the end of each New York Stock Exchange business day, as determined by the respective Funds. Investments held by the Separate Account are Level 1 within the hierarchy. There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2025.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 3. Significant Accounting Policies (continued)**

The Separate Account had no financial liabilities as of December 31, 2025.

**Segment Disclosures**

An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The CODM is the 2VP Finance, Accounting Operations Department, who is responsible for reviewing subaccount financial statements and related Separate Account controls. The Separate Account represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on the investment selections of its contract holders. The financial information which is used by the CODM to assess the segment's performance and to make resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's financial statements. Segment assets are reported on the Statements of Operations and Change in Net Assets as net assets and significant segment expenses are reported in the Statements of Operations and Change in Net Assets. The CODM does not evaluate the business using asset or subaccount expense information.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 4. Purchases and Proceeds from Sales of Investments**

The cost of investment purchases and proceeds from investments sold for the years ended December 31, 2025 and 2024, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2024** | **2024** |
| <br>**Subaccount** | **Cost of Purchases** | **Proceeds from<br> Sales** | **Cost of Purchases** | **Proceeds from<br> Sales** |
| AB VPS Balanced Hedged Allocation Portfolio | $132215 | $242763 | $66603 | $137732 |
| AB VPS Discovery Value Portfolio | 91970 | 68528 | 83040 | 253086 |
| AB VPS Dynamic Asset Allocation Portfolio | 157736 | 775771 | 73102 | 1634770 |
| AB VPS International Value Portfolio | 20239 | 235541 | 42840 | 171320 |
| BlackRock Global Allocation V.I. Fund | 2931482 | 3447008 | 2324547 | 3713162 |
| Columbia CTIVP - Principal Large Cap Growth Fund Class 2 (a) | 83279 | 184162 | 44344 | 302681 |
| Columbia Variable Portfolio – Acorn Fund (a) | 377 | 3037 | 137 | 553 |
| Columbia Variable Portfolio - Large Cap Growth Fund Class 2 | 191744 | 607522 | 214461 | 908943 |
| Columbia Variable Portfolio - Overseas Core Fund | 2531 | 64241 | 25454 | 134577 |
| Fidelity VIP Balanced Portfolio | 500367 | 1321949 | 631244 | 858977 |
| Fidelity VIP Contrafund Portfolio | 3060668 | 3081254 | 2590652 | 4280268 |
| Fidelity VIP Freedom 2010 Portfolio | 2416 | 2364 | 1655 | 2142 |
| Fidelity VIP Freedom 2015 Portfolio | 57247 | 267807 | 39368 | 32218 |
| Fidelity VIP Freedom 2020 Portfolio | 57780 | 266980 | 247576 | 258118 |
| Fidelity VIP Mid Cap Portfolio | 584019 | 710099 | 551524 | 892903 |
| First Eagle Overseas Variable Fund | 2237875 | 4149700 | 949381 | 2622260 |
| Franklin Income VIP Fund | 179364 | 380293 | 218630 | 707848 |
| Franklin Mutual Shares VIP Fund | 1561327 | 1764316 | 682576 | 1644334 |
| Franklin Templeton Allocation VIP Fund | 51212 | 46499 | 18070 | 209285 |
| Franklin Templeton Global Bond VIP Fund | 1846 | 25000 | 14833 | 13223 |
| Franklin Templeton Income VIP Fund | 1441 | 3390 | 1063 | 3676 |
| Franklin Templeton Small Cap Value VIP Fund Class 2 | 204420 | 172853 | 98668 | 242233 |
| Franklin Templeton Small Cap Value VIP Fund Class 4 | 8545 | 8999 | 2979 | 8584 |
| Franklin Templeton Strategic Income VIP Fund Class 2 | 70215 | 83843 | 66581 | 136105 |
| Invesco V.I. American Value Fund | 21280 | 54461 | 32600 | 96883 |
| Invesco V.I. Comstock Fund | 141120 | 213473 | 110610 | 679248 |
| Invesco V.I. Discovery Large Cap Fund (a) | 188540 | 244969 | 54942 | 826542 |

---

(a) Name change. See Note 2.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 4. Purchases and Proceeds from Sales of Investments (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2024** | **2024** |
| <br>**Subaccount** | **Cost of Purchases** | **Proceeds from<br> Sales** | **Cost of Purchases** | **Proceeds from<br> Sales** |
| Invesco V.I. Equity and Income Fund | $226867 | $334658 | $520939 | $2129190 |
| Invesco V.I. EQV International Equity Fund | 31761 | 15185 | 47170 | 26476 |
| Invesco V.I. Global Fund | 385573 | 313983 | 183574 | 516775 |
| Invesco V.I. Main Street Fund | 951957 | 1576375 | 835519 | 1911061 |
| Invesco V.I. Main Street Small Cap Fund® | 8662 | 4146 | 3833 | 5238 |
| Lazard Retirement Emerging Markets Equity Portfolio | 48297 | 517642 | 102914 | 301905 |
| Lord Abbett Series Fund - Growth Opportunities Portfolio VC | 437069 | 412059 | 61427 | 414036 |
| Lord Abbett Series Fund- Fundamental Equity Portfolio VC | 259245 | 280687 | 126015 | 501443 |
| LVIP JPMorgan Core Bond Fund | 171834 | 194220 | 172373 | 223162 |
| LVIP JPMorgan U.S. Equity Fund | 77778 | 179181 | 125744 | 208837 |
| MFS U.S. Government Money Market Portfolio | 138957 | 224319 | 507934 | 535944 |
| MFS VIT I Growth Series Initial Class | 1407737 | 862536 | 602017 | 856291 |
| MFS VIT I Growth Series Service Class | 298501 | 99292 | 122286 | 199299 |
| MFS VIT I Mid Cap Growth Series | 245697 | 143473 | 99712 | 227884 |
| MFS VIT I New Discovery Series Initial Class | 613 | 57642 | 7180 | 27563 |
| MFS VIT I New Discovery Series Service Class | 133672 | 276605 | 103191 | 400324 |
| MFS VIT I Research Series | 2607915 | 1796591 | 688142 | 2126944 |
| MFS VIT I Total Return Bond Series | 2187642 | 2799615 | 2242368 | 3859879 |
| MFS VIT I Utilities Series Initial Class | 106708 | 460732 | 141017 | 410045 |
| MFS VIT I Utilities Series Service Class | 231497 | 314652 | 732067 | 516587 |
| MFS VIT I Value Series Initial Class | 767981 | 1291750 | 943628 | 1101604 |
| MFS VIT I Value Series Service Class | 538452 | 926387 | 596231 | 1109489 |
| MFS VIT II Blended Research Core Equity Portfolio I Class | 2080139 | 1684436 | 1349846 | 1569766 |
| MFS VIT II Blended Research Core Equity Portfolio S Class | 672421 | 494890 | 276029 | 878564 |
| MFS VIT II Core Equity Portfolio I Class | 200516 | 194928 | 200825 | 287957 |
| MFS VIT II Core Equity Portfolio S Class | 254944 | 185133 | 183061 | 229872 |
| MFS VIT II Corporate Bond Portfolio I Class | 230176 | 490138 | 32338 | 27554 |
| MFS VIT II Corporate Bond Portfolio S Class | 760886 | 1046462 | 804200 | 1364976 |
| MFS VIT II Emerging Markets Equity Portfolio I Class | 6187 | 35779 | 8088 | 7758 |
| MFS VIT II Emerging Markets Equity Portfolio S Class | 34426 | 197886 | 39541 | 306051 |
| MFS VIT II Global Governments Portfolio I Class | 1550 | 18321 | 69 | 13705 |
| MFS VIT II Global Governments Portfolio S Class | 24 | 26 |  | 26 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 4. Purchases and Proceeds from Sales of Investments (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2024** | **2024** |
| <br>**Subaccount** | **Cost of Purchases** | **Proceeds from<br> Sales** | **Cost of Purchases** | **Proceeds from<br> Sales** |
| MFS VIT II Global Growth Portfolio I Class | $236963 | $337644 | $228844 | $166715 |
| MFS VIT II Global Growth Portfolio S Class | 364 | 52 | 214 | 50 |
| MFS VIT II Global Research Portfolio I Class | 683132 | 790941 | 283069 | 383064 |
| MFS VIT II Global Research Portfolio S Class | 9508 | 5124 | 4380 | 5327 |
| MFS VIT II Global Tactical Allocation Portfolio I Class | 108703 | 170428 | 28392 | 56724 |
| MFS VIT II Global Tactical Allocation Portfolio S Class | 2437564 | 3012165 | 949976 | 4002736 |
| MFS VIT II Government Securities Portfolio I Class | 376844 | 698387 | 53320 | 66341 |
| MFS VIT II Government Securities Portfolio S Class | 1197869 | 2047123 | 1489243 | 1617602 |
| MFS VIT II High Yield Portfolio I Class | 112878 | 156416 | 100347 | 62793 |
| MFS VIT II High Yield Portfolio Service Class | 131415 | 189865 | 145439 | 233164 |
| MFS VIT II Income Portfolio I Class | 415046 | 234911 | 35270 | 159943 |
| MFS VIT II Income Portfolio S Class | 1768 | 635 | 1585 | 620 |
| MFS VIT II International Growth Portfolio I Class | 21885 | 33674 | 14305 | 26271 |
| MFS VIT II International Growth Portfolio S Class | 42143 | 77514 | 13783 | 106193 |
| MFS VIT II International Intrinsic Value Portfolio Initial Class | 62761 | 392793 | 76723 | 104373 |
| MFS VIT II International Intrinsic Value Portfolio Service Class | 172009 | 797064 | 269233 | 349310 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | 1535791 | 1999185 | 1132018 | 974518 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class | 136333 | 234398 | 224829 | 143816 |
| MFS VIT II Research International Portfolio I Class | 4199 | 96477 | 5336 | 5792 |
| MFS VIT II Research International Portfolio S Class | 133097 | 358739 | 172256 | 409736 |
| MFS VIT II U.S. Government Money Market | 826625 | 1517472 | 1090112 | 2201100 |
| MFS VIT III Blended Research Small Cap Equity Portfolio | 408168 | 429303 | 149030 | 419084 |
| MFS VIT III Conservative Allocation Portfolio | 1720605 | 3187046 | 1029519 | 3557135 |
| MFS VIT III Global Real Estate Portfolio Initial Class | 2667 | 3558 | 4531 | 18750 |
| MFS VIT III Global Real Estate Portfolio Service Class | 293763 | 373851 | 456482 | 524078 |
| MFS VIT III Growth Allocation Portfolio | 1283348 | 2446349 | 720287 | 2417730 |
| MFS VIT III Inflation Adjusted Bond Portfolio | 513339 | 798024 | 748265 | 964281 |
| MFS VIT III Limited Maturity Portfolio Initial Class | 1149112 | 1547918 | 1050108 | 1262183 |
| MFS VIT III Limited Maturity Portfolio Service Class | 427504 | 593902 | 621936 | 849978 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 4. Purchases and Proceeds from Sales of Investments (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2024** | **2024** |
| <br>**Subaccount** | **Cost of Purchases** | **Proceeds from<br> Sales** | **Cost of Purchases** | **Proceeds from<br> Sales** |
| MFS VIT III Mid Cap Value Portfolio Initial Class | $209670 | $171982 | $87985 | $316412 |
| MFS VIT III Mid Cap Value Portfolio Service Class | 148640 | 184527 | 92538 | 366668 |
| MFS VIT III Moderate Allocation Portfolio | 6706569 | 9924945 | 3754284 | 15028391 |
| MFS VIT III New Discovery Value Portfolio | 77317 | 42697 | 66429 | 154416 |
| MFS VIT Total Return Series Initial Class | 1412572 | 2920357 | 629930 | 747134 |
| MFS VIT Total Return Series Service Class | 1809803 | 2608790 | 1510910 | 2886540 |
| Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio | 35875 | 66672 | 9719 | 163619 |
| Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio | 64607 | 230805 | 92998 | 326465 |
| PIMCO CommodityReal Return® Strategy Portfolio | 619 | 2630 | 1244 | 3225 |
| PIMCO VIT All Asset Portfolio Admin Class | 82643 | 338043 | 63451 | 79647 |
| PIMCO VIT All Asset Portfolio Advisor Class | 83846 | 174466 | 139931 | 163479 |
| PIMCO VIT CommodityRealReturnTM Strategy Portfolio | 102380 | 301767 | 131284 | 186643 |
| PIMCO VIT Emerging Markets Bond Portfolio | 50182 | 78715 | 48434 | 57722 |
| PIMCO VIT Global Managed Asset Allocation Portfolio | 1387282 | 5146182 | 1484036 | 5187816 |
| PIMCO VIT Real Return Portfolio | 117048 | 236082 | 121781 | 234525 |
| PIMCO VIT StocksPLUS Global Portfolio | 2397 | 6727 | 2995 | 6565 |
| PIMCO VIT Total Return Portfolio | 733165 | 1155563 | 575423 | 748394 |
| Putman VT Large Cap Value Fund | 81499 | 112630 | 251467 | 239693 |
| Templeton Developing Markets VIP Fund | 20397 | 264087 | 66399 | 196414 |
| Templeton Foreign VIP Fund | 541378 | 1007407 | 598609 | 823745 |
| Templeton Growth VIP Fund | 51294 | 96370 | 35543 | 109252 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 5. Related Party Transactions and Charges and Deductions**

*Related-Party Transactions*

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

Charges related to contracts sold to persons who are officers, directors, or employees of the Sponsor or an affiliate of the Sponsor may be waived.

*Mortality and expense risk charges*

Charges for mortality and expense risks, the optional death benefit riders, and the optional living benefit riders are deducted from the Separate Account at the end of each valuation period to cover the risks assumed by the Sponsor. The deductions are calculated at different levels based upon the elections made by the contract holder and are transferred periodically to the Sponsor. These charges are reflected in the Statements of Operations and Change in Net Assets.

At December 31, 2025, the deduction is at an effective annual rate based on the average daily value of the Contact invested in the Separate Account as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Product | &nbsp;&nbsp;Level 1 | &nbsp;&nbsp;Level 2 | &nbsp;&nbsp;Level 3 | &nbsp;&nbsp;Level 4 | &nbsp;&nbsp;Level 5 |
| &nbsp;&nbsp;Regatta NY | &nbsp;&nbsp;1.25 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Regatta Gold NY | &nbsp;&nbsp;1.25 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Regatta Extra NY | &nbsp;&nbsp;1.30 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Masters Flex NY | &nbsp;&nbsp;1.30 | &nbsp;&nbsp;1.50 | &nbsp;&nbsp;1.70 | &nbsp;&nbsp;1.90 | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Masters Flex II NY | &nbsp;&nbsp;1.30 | &nbsp;&nbsp;1.70 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Masters Exra NY | &nbsp;&nbsp;1.40 | &nbsp;&nbsp;1.60 | &nbsp;&nbsp;1.80 | &nbsp;&nbsp;2.00 | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Masters Exra II NY | &nbsp;&nbsp;1.40 | &nbsp;&nbsp;1.80 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Masters Choice NY | &nbsp;&nbsp;1.05 | &nbsp;&nbsp;1.25 | &nbsp;&nbsp;1.30 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;1.65 |
| &nbsp;&nbsp;Masters Choice II NY | &nbsp;&nbsp;1.05 | &nbsp;&nbsp;1.30 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Masters Access NY | &nbsp;&nbsp;1.35 | &nbsp;&nbsp;1.55 | &nbsp;&nbsp;1.75 | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Masters Reward NY | &nbsp;&nbsp;1.40 | &nbsp;&nbsp;1.60 | &nbsp;&nbsp;1.80 | &nbsp;&nbsp;2.00 | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Masters Select NY | &nbsp;&nbsp;1.05 | &nbsp;&nbsp;1.25 | &nbsp;&nbsp;1.30 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;1.65 |
| &nbsp;&nbsp;Masters I Share NY | &nbsp;&nbsp;0.50 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;All amounts are % |  |  |  |  |  |

---

*Distribution and administrative expense charges*

For assuming the risk that surrender charges may be insufficient to compensate the Sponsor for the costs of distributing the contracts, the Sponsor makes a deduction from the Sub-Account at the end of each valuation period at an effective annual rate of 0.15% of the net assets attributable to Masters Extra NY, Masters Extra II NY, Masters Choice NY, Masters Choice II, NY Masters Reward NY, and Masters Select NY contracts and at an effective annual rate of 0.20% of the net assets attributable to Masters Flex NY, Masters Flex II NY and Masters Access NY contracts.

As reimbursement for administrative expenses, which exceed the charges received from the account administration fee (''Account Fee'') described below, the Sponsor makes a deduction from the Sub-Account at the end of each valuation period at an effective annual rate of 0.15% of the net assets attributable to such contracts. These charges are reflected in the Statements of Operations and Change in Net Assets.

*Administrative charges*

Each year on the account anniversary date, an Account Fee of $30 is deducted from the participant's account to reimburse the Sponsor for certain administrative expenses. After the annuity commencement date, the Account Fee is deducted pro rata from each variable annuity payment made during the year. The administration charges

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 5. Related Party Transactions and Charges and Deductions**

are reported in the Statements of Operations and Change in Net Assets as a component of "Mortality and expense risk and administrative charges" or "Terminations, withdrawals and annuity payments".

*Optional living benefit rider charges*

A quarterly charge ("Benefit Fee"), based on a percentage of the contract owner's account value referenced in the table below, is deducted from the value of the contract on the last day of the Account Quarter. Account Quarters are defined as three-month periods, with the first Account Quarter beginning on the date the contracts were issued), if the optional living benefit rider has been elected. These charges are reported in the Statements of Operations and Change in Net Assets as a component of "Maintenance charges and mortality adjustments".

The following table represents a summary of the optional living benefit riders available.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Rider | Single Life<br> Quarterly <br> Charge | Joint Life <br> Quarterly <br> Charge | Single Life <br> Annual <br> Charge | Joint Life <br> Annual<br> Charge |
| &nbsp;&nbsp;Secured Returns 2 | 0.1250 | N/A | 0.50 | N/A |
| &nbsp;&nbsp;Secured Returns for Life | 0.1250 | N/A | 0.50 | N/A |
| &nbsp;&nbsp;Secured Returns for Life Plus | 0.1250 | N/A | 0.50 | N/A |
| &nbsp;&nbsp;Income on Demand | 0.1625 | 0.2125 | 0.65 | 0.85 |
| &nbsp;&nbsp;Retirement Asset Protector | 0.1875 | N/A | 0.75 | N/A |
| &nbsp;&nbsp;Retirement Income Escalator | 0.1875 | 0.2375 | 0.75 | 0.95 |
| &nbsp;&nbsp;Income on Demand II | 0.1625 | 0.2125 | 0.65 | 0.85 |
| &nbsp;&nbsp;Income on Demand II Plus | 0.2375 | 0.2875 | 0.95 | 1.15 |
| &nbsp;&nbsp;Income on Demand II Escalator | 0.2375 | 0.2875 | 0.95 | 1.15 |
| &nbsp;&nbsp;Retirement Income Escalator II | 0.2375 | 0.2875 | 0.95 | 1.15 |
| &nbsp;&nbsp;Income Riser | 0.2250 | 0.2750 | 0.90 | 1.10 |
| &nbsp;&nbsp;Income on Demand III Escalator | 0.2750 | 0.3250 | 1.10 | 1.30 |
| &nbsp;&nbsp;Income Riser III<sup>1</sup> | 0.2750 | 0.3000 | 1.10 | 1.20 |
| &nbsp;&nbsp;Income Advisor | 0.2250 | 0.2500 | 0.90 | 1.00 |
| &nbsp;&nbsp;All amounts are % |  |  |  |  |

---

&nbsp;&nbsp;1This rider has a maximum contract rate of 1.75% for single life and 1.95% for joint life elections.

*Surrender charges*

The Sponsor does not deduct a sales charge from the purchase payments. However, a surrender charge (contingent deferred sales charge) of up to 6% of certain amounts withdrawn will be deducted to cover certain expenses relating to the sale of Regatta NY and Regatta Gold NY contracts; 8% for Regatta Extra NY, Masters Flex NY, Masters Flex II NY, Masters Extra NY, Masters Extra II NY, Masters Choice NY and Masters Choice II NY contracts; and for 7% for Masters Reward NY and Masters Select NY contracts, if the contract holder requests a full withdrawal prior to reaching the pay-out phase. The surrender charges are reported in the Statements of Operations and Change in Net Assets as a component of "Maintenance charges and mortality adjustments".

*Premium Taxes*

A deduction, when applicable, is made for premium taxes or similar state or local taxes. It is currently the policy of the Sponsor to make this deduction at the annuity commencement date. However, the Sponsor reserves the right to deduct such taxes when incurred.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 6. Summary of Unit Transactions**

The changes in units outstanding for the periods December 31, 2025 and 2024, were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| <br>**Subaccount** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** |
| AB VPS Balanced Hedged Allocation Portfolio | 2855 | (11537) | (8682) | 1455 | (6696) | (5241) |
| AB VPS Discovery Value Portfolio | 1237 | (2001) | (764) | 1824 | (8359) | (6535) |
| AB VPS Dynamic Asset Allocation Portfolio | 5668 | (48172) | (42504) | 719 | (112181) | (111462) |
| AB VPS International Value Portfolio | 850 | (23803) | (22953) | 3278 | (19133) | (15855) |
| BlackRock Global Allocation V.I. Fund | 18009 | (136688) | (118679) | 30045 | (163697) | (133652) |
| Columbia CTIVP - Principal Large Cap Growth Fund Class 2 (a) | 2766 | (5465) | (2699) | 1609 | (10466) | (8857) |
| Columbia Variable Portfolio – Acorn Fund (a) | 13 | (88) | (75) | 5 | (16) | (11) |
| Columbia Variable Portfolio - Large Cap Growth Fund Class 2 | 6270 | (16179) | (9909) | 7123 | (28493) | (21370) |
| Columbia Variable Portfolio - Overseas Core Fund |  | (4027) | (4027) | 1046 | (9694) | (8648) |
| Fidelity VIP Balanced Portfolio | 4468 | (36853) | (32385) | 12313 | (26694) | (14381) |
| Fidelity VIP Contrafund Portfolio | 23724 | (58072) | (34348) | 25870 | (93986) | (68116) |
| Fidelity VIP Freedom 2010 Portfolio | 62 | (97) | (35) | 39 | (91) | (52) |
| Fidelity VIP Freedom 2015 Portfolio | 1039 | (12369) | (11330) | 159 | (1098) | (939) |
| Fidelity VIP Freedom 2020 Portfolio | 220 | (11064) | (10844) | 9106 | (10888) | (1782) |
| Fidelity VIP Mid Cap Portfolio | 8340 | (19489) | (11149) | 4455 | (26414) | (21959) |
| First Eagle Overseas Variable Fund | 17656 | (193557) | (175901) | 35987 | (135432) | (99445) |
| Franklin Income VIP Fund | 2450 | (17397) | (14947) | 4172 | (35332) | (31160) |
| Franklin Mutual Shares VIP Fund | 21220 | (52744) | (31524) | 12657 | (51504) | (38847) |
| Franklin Templeton Allocation VIP Fund | 119 | (1671) | (1552) | 55 | (10598) | (10543) |
| Franklin Templeton Global Bond VIP Fund | 213 | (2891) | (2678) | 1871 | (1450) | 421 |
| Franklin Templeton Income VIP Fund | 21 | (159) | (138) |  | (184) | (184) |
| Franklin Templeton Small Cap Value VIP Fund Class 2 | 2140 | (3013) | (873) | 1290 | (4532) | (3242) |
| Franklin Templeton Small Cap Value VIP Fund Class 4 | 146 | (258) | (112) | 52 | (256) | (204) |

---

(a) Name change. See Note 2.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 6. Summary of Unit Transactions (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| <br>**Subaccount** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** |
| Franklin Templeton Strategic Income VIP Fund Class 2 | 3284 | (5095) | (1811) | 3440 | (9289) | (5849) |
| Franklin Templeton Strategic Income VIP Fund Class 4 |  |  |  | 49 | (153) | (104) |
| Invesco V.I. American Value Fund | 102 | (1443) | (1341) | 972 | (3132) | (2160) |
| Invesco V.I. Comstock Fund | 427 | (6356) | (5929) | 387 | (24051) | (23664) |
| Invesco V.I. Discovery Large Cap Fund (a) | 1775 | (4031) | (2256) | 1083 | (17312) | (16229) |
| Invesco V.I. Equity and Income Fund | 2487 | (10874) | (8387) | 16072 | (80355) | (64283) |
| Invesco V.I. EQV International Equity Fund | 810 | (624) | 186 | 2567 | (1296) | 1271 |
| Invesco V.I. Global Fund | 1976 | (6426) | (4450) | 1928 | (11818) | (9890) |
| Invesco V.I. Main Street Fund | 10516 | (28700) | (18184) | 2281 | (39152) | (36871) |
| Invesco V.I. Main Street Small Cap Fund® | 35 | (50) | (15) | 29 | (74) | (45) |
| Lazard Retirement Emerging Markets Equity Portfolio | 323 | (36603) | (36280) | 4281 | (24256) | (19975) |
| Lord Abbett Series Fund - Growth Opportunities Portfolio VC | 6359 | (8211) | (1852) | 1605 | (9406) | (7801) |
| Lord Abbett Series Fund- Fundamental Equity Portfolio VC | 2092 | (6180) | (4088) | 481 | (12322) | (11841) |
| LVIP JPMorgan Core Bond Fund | 12083 | (16729) | (4646) | 11693 | (19972) | (8279) |
| LVIP JPMorgan U.S. Equity Fund | 900 | (2937) | (2037) | 1614 | (4038) | (2424) |
| MFS U.S. Government Money Market Portfolio | 8396 | (16598) | (8202) | 39523 | (44442) | (4919) |
| MFS VIT I Growth Series Initial Class | 60 | (7143) | (7083) | 57 | (7411) | (7354) |
| MFS VIT I Growth Series Service Class | 1255 | (998) | 257 | 678 | (2519) | (1841) |
| MFS VIT I Mid Cap Growth Series | 2284 | (2721) | (437) | 965 | (4678) | (3713) |
| MFS VIT I New Discovery Series Initial Class | 32 | (2321) | (2289) | 341 | (998) | (657) |
| MFS VIT I New Discovery Series Service Class | 5287 | (9177) | (3890) | 4046 | (14536) | (10490) |
| MFS VIT I Research Series | 22980 | (45429) | (22449) | 5953 | (58096) | (52143) |
| MFS VIT I Total Return Bond Series | 125880 | (228668) | (102788) | 135543 | (334195) | (198652) |

---

(a) Name change. See Note 2.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 6. Summary of Unit Transactions (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| <br>**Subaccount** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** |
| MFS VIT I Utilities Series Initial Class | 104 | (24327) | (24223) | 201 | (23904) | (23703) |
| MFS VIT I Utilities Series Service Class | 7860 | (16756) | (8896) | 44180 | (32055) | 12125 |
| MFS VIT I Value Series Initial Class | 6987 | (42698) | (35711) | 13009 | (36948) | (23939) |
| MFS VIT I Value Series Service Class | 5208 | (29105) | (23897) | 6163 | (37449) | (31286) |
| MFS VIT II Blended Research Core Equity Portfolio I Class | 1222 | (17358) | (16136) | 5524 | (16637) | (11113) |
| MFS VIT II Blended Research Core Equity Portfolio S Class | 2999 | (7155) | (4156) | 1303 | (15025) | (13722) |
| MFS VIT II Core Equity Portfolio I Class | 196 | (2246) | (2050) | 1680 | (3807) | (2127) |
| MFS VIT II Core Equity Portfolio S Class | 1381 | (3505) | (2124) | 2515 | (5082) | (2567) |
| MFS VIT II Corporate Bond Portfolio I Class | 8041 | (19486) | (11445) | 168 | (730) | (562) |
| MFS VIT II Corporate Bond Portfolio S Class | 22676 | (54040) | (31364) | 29429 | (74134) | (44705) |
| MFS VIT II Emerging Markets Equity Portfolio I Class | 24 | (1103) | (1079) | 137 | (215) | (78) |
| MFS VIT II Emerging Markets Equity Portfolio S Class | 700 | (10270) | (9570) | 1447 | (20196) | (18749) |
| MFS VIT II Global Governments Portfolio I Class | 2 | (1111) | (1109) | 4 | (869) | (865) |
| MFS VIT II Global Governments Portfolio S Class |  |  |  |  |  |  |
| MFS VIT II Global Growth Portfolio I Class | 263 | (4053) | (3790) | 1013 | (1736) | (723) |
| MFS VIT II Global Growth Portfolio S Class |  |  |  |  |  |  |
| MFS VIT II Global Research Portfolio I Class | 1920 | (13844) | (11924) | 46 | (6648) | (6602) |
| MFS VIT II Global Research Portfolio S Class | 50 | (99) | (49) | 30 | (116) | (86) |
| MFS VIT II Global Tactical Allocation Portfolio I Class | 38 | (3843) | (3805) | 445 | (1183) | (738) |
| MFS VIT II Global Tactical Allocation Portfolio S Class | 27112 | (171952) | (144840) | 51850 | (248642) | (196792) |
| MFS VIT II Government Securities Portfolio I Class | 17474 | (35674) | (18200) | 1006 | (2802) | (1796) |
| MFS VIT II Government Securities Portfolio S Class | 77410 | (167427) | (90017) | 107965 | (131499) | (23534) |
| MFS VIT II High Yield Portfolio I Class | 1626 | (4460) | (2834) | 1360 | (1600) | (240) |
| MFS VIT II High Yield Portfolio Service Class | 2614 | (7354) | (4740) | 3475 | (9669) | (6194) |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 6. Summary of Unit Transactions (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| <br>**Subaccount** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** |
| MFS VIT II Income Portfolio I Class | 16969 | (10100) | 6869 | 8 | (6811) | (6803) |
| MFS VIT II Income Portfolio S Class |  |  |  |  | (1) | (1) |
| MFS VIT II International Growth Portfolio I Class | 55 | (678) | (623) | 247 | (548) | (301) |
| MFS VIT II International Growth Portfolio S Class | 938 | (3309) | (2371) | 492 | (4415) | (3923) |
| MFS VIT II International Intrinsic Value Portfolio Initial Class | 22 | (5330) | (5308) | 185 | (1330) | (1145) |
| MFS VIT II International Intrinsic Value Portfolio Service Class | 42 | (28817) | (28775) | 5338 | (13415) | (8077) |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | 2708 | (38472) | (35764) | 4458 | (18031) | (13573) |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class | 485 | (3512) | (3027) | 2846 | (2472) | 374 |
| MFS VIT II Research International Portfolio I Class |  | (2968) | (2968) |  | (40) | (40) |
| MFS VIT II Research International Portfolio S Class | 3770 | (11733) | (7963) | 5494 | (14095) | (8601) |
| MFS VIT II U.S. Government Money Market | 67383 | (151654) | (84271) | 89455 | (234689) | (145234) |
| MFS VIT III Blended Research Small Cap Equity Portfolio | 8483 | (14545) | (6062) | 4460 | (13666) | (9206) |
| MFS VIT III Conservative Allocation Portfolio | 39454 | (147788) | (108334) | 36007 | (175322) | (139315) |
| MFS VIT III Global Real Estate Portfolio Initial Class | 74 | (96) | (22) | 128 | (549) | (421) |
| MFS VIT III Global Real Estate Portfolio Service Class | 12476 | (15815) | (3339) | 19434 | (21417) | (1983) |
| MFS VIT III Growth Allocation Portfolio | 7153 | (61674) | (54521) | 1207 | (64783) | (63576) |
| MFS VIT III Inflation Adjusted Bond Portfolio | 34839 | (70264) | (35425) | 57493 | (85143) | (27650) |
| MFS VIT III Limited Maturity Portfolio Initial Class | 74148 | (129610) | (55462) | 70840 | (107422) | (36582) |
| MFS VIT III Limited Maturity Portfolio Service Class | 25299 | (50963) | (25664) | 48254 | (78371) | (30117) |
| MFS VIT III Mid Cap Value Portfolio Initial Class | 2598 | (4224) | (1626) | 573 | (8493) | (7920) |
| MFS VIT III Mid Cap Value Portfolio Service Class | 1602 | (4954) | (3352) | 1121 | (10743) | (9622) |
| MFS VIT III Moderate Allocation Portfolio | 31527 | (325265) | (293738) | 44001 | (540466) | (496465) |
| MFS VIT III New Discovery Value Portfolio | 783 | (859) | (76) | 1002 | (3635) | (2633) |
| MFS VIT Total Return Series Initial Class | 41302 | (144275) | (102973) | 8079 | (35519) | (27440) |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 6. Summary of Unit Transactions (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **2025** | | | **2024** | |
| <br>**Subaccount** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** | <br>**Units**<br>**Issued** | <br>**Units**<br>**Redeemed** | **Net**<br>**Increase**<br>**(Decrease)** |
| MFS VIT Total Return Series Service Class | 9732 | (127554) | (117822) | 12103 | (146111) | (134008) |
| Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio | 780 | (1264) | (484) | 314 | (4600) | (4286) |
| Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio | 1005 | (3120) | (2115) | 2030 | (6207) | (4177) |
| PIMCO CommodityReal Return® Strategy Portfolio | 41 | (354) | (313) | 156 | (485) | (329) |
| PIMCO VIT All Asset Portfolio Admin Class | 3095 | (16867) | (13772) | 1117 | (3856) | (2739) |
| PIMCO VIT All Asset Portfolio Advisor Class | 1077 | (10059) | (8982) | 3129 | (9856) | (6727) |
| PIMCO VIT CommodityRealReturnTM Strategy Portfolio | 8968 | (36605) | (27637) | 15037 | (23470) | (8433) |
| PIMCO VIT Emerging Markets Bond Portfolio | 599 | (2173) | (1574) | 657 | (1660) | (1003) |
| PIMCO VIT Global Managed Asset Allocation Portfolio | 8850 | (257195) | (248345) | 29811 | (287978) | (258167) |
| PIMCO VIT Real Return Portfolio | 5260 | (14206) | (8946) | 6050 | (13856) | (7806) |
| PIMCO VIT StocksPLUS Global Portfolio |  | (228) | (228) | 16 | (255) | (239) |
| PIMCO VIT Total Return Portfolio | 35939 | (69339) | (33400) | 26964 | (44477) | (17513) |
| Putman VT Large Cap Value Fund | 655 | (2156) | (1501) | 5343 | (5435) | (92) |
| Templeton Developing Markets VIP Fund | 200 | (12531) | (12331) | 1874 | (11267) | (9393) |
| Templeton Foreign VIP Fund | 7550 | (41391) | (33841) | 23914 | (35953) | (12039) |
| Templeton Growth VIP Fund |  | (2991) | (2991) | 1056 | (3710) | (2654) |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights**

The Separate Account has a number of products, which have unique combinations of features and fees that are charged against the contract owner's subaccount balance. Differences in the fee structures result in a variety of unit values, expense ratios, and total returns. The information presented below identifies the range of lowest to highest expense ratios and the corresponding unit values and total returns. The summary may not reflect the minimum and maximum contract charges offered by the Separate Account as contract owners may not have selected all available and applicable contract options as discussed in Note 5.

A summary of units outstanding, unit values, net assets, investment income ratios, expense ratios and total return ratios for each of the five years in the period ended December 31, 2025, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| AB VPS Balanced Hedged Allocation Portfolio | AB VPS Balanced Hedged Allocation Portfolio | AB VPS Balanced Hedged Allocation Portfolio |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 49217 | 19.35 | 22.16 | &nbsp;&nbsp;&nbsp;&nbsp;1025274 | 1.86 | 1.35 | 2.10 | 14.90 | 15.78 |
| &nbsp;&nbsp;&nbsp;2024 | 57899 | 16.84 | 19.14 | &nbsp;&nbsp;&nbsp;&nbsp;1045015 | 3.13 | 1.35 | 2.10 | 6.25 | 7.11 |
| &nbsp;&nbsp;&nbsp;2023 | 63140 | 17.87 | 15.85 | &nbsp;&nbsp;&nbsp;&nbsp;1066969 | 0.86 | 1.35 | 2.10 | 10.31 | 11.15 |
| &nbsp;&nbsp;&nbsp;2022 | 76839 | 16.08 | 14.36 | &nbsp;&nbsp;&nbsp;&nbsp;1170216 | 2.94 | 1.35 | 2.10 | (20.86) | (20.26) |
| &nbsp;&nbsp;&nbsp;2021 | 89007 | 20.16 | 18.15 | &nbsp;&nbsp;&nbsp;&nbsp;1706037 | 0.26 | 1.35 | 2.10 | 11.00 | 11.84 |
| AB VPS Discovery Value Portfolio | AB VPS Discovery Value Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 14848 | 29.09 | 32.19 | &nbsp;&nbsp;&nbsp;&nbsp;461080 | 0.60 | 1.35 | 2.05 | 0.55 | 1.26 |
| &nbsp;&nbsp;&nbsp;2024 | 15612 | 28.93 | 31.79 | &nbsp;&nbsp;&nbsp;&nbsp;479976 | 0.69 | 1.35 | 2.05 | 7.47 | 8.24 |
| &nbsp;&nbsp;&nbsp;2023 | 22147 | 29.37 | 26.76 | &nbsp;&nbsp;&nbsp;&nbsp;628742 | 0.79 | 1.35 | 2.10 | 14.43 | 15.29 |
| &nbsp;&nbsp;&nbsp;2022 | 24385 | 25.48 | 23.38 | &nbsp;&nbsp;&nbsp;&nbsp;602878 | 0.84 | 1.35 | 2.10 | (17.57) | (16.95) |
| &nbsp;&nbsp;&nbsp;2021 | 27529 | 30.68 | 28.37 | &nbsp;&nbsp;&nbsp;&nbsp;821153 | 0.60 | 1.35 | 2.10 | 32.77 | 33.78 |
| AB VPS Dynamic Asset Allocation Portfolio | AB VPS Dynamic Asset Allocation Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 315196 | 14.45 | 16.15 | &nbsp;&nbsp;&nbsp;&nbsp;4878075 | 1.58 | 1.35 | 2.10 | 10.90 | 11.69 |
| &nbsp;&nbsp;&nbsp;2024 | 357700 | 13.03 | 14.46 | &nbsp;&nbsp;&nbsp;&nbsp;4970250 | 1.21 | 1.35 | 2.10 | 8.04 | 8.97 |
| &nbsp;&nbsp;&nbsp;2023 | 469162 | 13.27 | 12.06 | &nbsp;&nbsp;&nbsp;&nbsp;6004018 | 0.60 | 1.35 | 2.10 | 11.11 | 11.95 |
| &nbsp;&nbsp;&nbsp;2022 | 521941 | 11.86 | 10.85 | &nbsp;&nbsp;&nbsp;&nbsp;5981039 | 2.52 | 1.35 | 2.10 | (20.37) | (19.77) |
| &nbsp;&nbsp;&nbsp;2021 | 566663 | 14.78 | 13.63 | &nbsp;&nbsp;&nbsp;&nbsp;8113930 | 1.54 | 1.35 | 2.10 | 6.99 | 7.80 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| AB VPS International Value Portfolio | AB VPS International Value Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 49771 | 10.87 | 12.01 | &nbsp;&nbsp;&nbsp;&nbsp;560507 | 2.14 | 1.35 | 1.90 | 38.65 | 39.33 |
| &nbsp;&nbsp;&nbsp;2024 | 72724 | 7.84 | 8.62 | &nbsp;&nbsp;&nbsp;&nbsp;588734 | 2.87 | 1.35 | 1.90 | 2.75 | 3.48 |
| &nbsp;&nbsp;&nbsp;2023 | 88579 | 8.33 | 7.63 | &nbsp;&nbsp;&nbsp;&nbsp;698261 | 0.62 | 1.35 | 1.90 | 12.66 | 13.29 |
| &nbsp;&nbsp;&nbsp;2022 | 112925 | 7.36 | 6.62 | &nbsp;&nbsp;&nbsp;&nbsp;791297 | 3.93 | 1.35 | 2.05 | (15.55) | (14.95) |
| &nbsp;&nbsp;&nbsp;2021 | 132953 | 8.65 | 7.84 | &nbsp;&nbsp;&nbsp;&nbsp;1096426 | 1.65 | 1.35 | 2.05 | 8.59 | 9.36 |
| BlackRock Global Allocation V.I. Fund | BlackRock Global Allocation V.I. Fund |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 744476 | 23.12 | 26.34 | &nbsp;&nbsp;&nbsp;&nbsp;18485667 | 3.95 | 1.35 | 2.10 | 17.00 | 17.91 |
| &nbsp;&nbsp;&nbsp;2024 | 863155 | 19.76 | 22.34 | &nbsp;&nbsp;&nbsp;&nbsp;18218607 | 1.61 | 1.35 | 2.10 | 6.64 | 7.46 |
| &nbsp;&nbsp;&nbsp;2023 | 996807 | 20.79 | 18.53 | &nbsp;&nbsp;&nbsp;&nbsp;19653174 | 2.42 | 1.35 | 2.10 | 10.15 | 10.98 |
| &nbsp;&nbsp;&nbsp;2022 | 1129282 | 18.74 | 16.82 | &nbsp;&nbsp;&nbsp;&nbsp;20128354 |  | 1.35 | 2.10 | (17.83) | (17.20) |
| &nbsp;&nbsp;&nbsp;2021 | 1262479 | 22.63 | 20.47 | &nbsp;&nbsp;&nbsp;&nbsp;27264156 | 0.81 | 1.35 | 2.10 | 4.19 | 4.98 |
| Columbia CTIVP - Principal Large Cap Growth Fund Class 2 (a) | Columbia CTIVP - Principal Large Cap Growth Fund Class 2 (a) | Columbia CTIVP - Principal Large Cap Growth Fund Class 2 (a) | Columbia CTIVP - Principal Large Cap Growth Fund Class 2 (a) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 23523 | 31.19 | 33.55 | &nbsp;&nbsp;&nbsp;&nbsp;760758 |  | 1.35 | 2.10 | 11.12 | 11.95 |
| &nbsp;&nbsp;&nbsp;2024 | 26222 | 28.07 | 29.97 | &nbsp;&nbsp;&nbsp;&nbsp;760404 |  | 1.35 | 2.10 | 18.59 | 19.50 |
| &nbsp;&nbsp;&nbsp;2023 | 35079 | 25.08 | 23.67 | &nbsp;&nbsp;&nbsp;&nbsp;855336 |  | 1.35 | 2.10 | 36.31 | 37.34 |
| &nbsp;&nbsp;&nbsp;2022 | 43704 | 18.27 | 17.37 | &nbsp;&nbsp;&nbsp;&nbsp;778389 |  | 1.35 | 2.10 | (29.69) | (29.15) |
| &nbsp;&nbsp;&nbsp;2021 | 40149 | 25.78 | 24.70 | &nbsp;&nbsp;&nbsp;&nbsp;1013694 |  | 1.35 | 2.10 | 15.81 | 16.68 |
| Columbia Variable Portfolio – Acorn Fund (a) | Columbia Variable Portfolio – Acorn Fund (a) | Columbia Variable Portfolio – Acorn Fund (a) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 |  | 33.90 | 33.90 | &nbsp;&nbsp;&nbsp;&nbsp;- |  | 1.85 | 1.85 | 2.54 | 2.54 |
| &nbsp;&nbsp;&nbsp;2024 | 75 | 33.06 | 33.06 | &nbsp;&nbsp;&nbsp;&nbsp;2464 |  | 1.85 | 1.85 | 12.03 | 12.03 |
| &nbsp;&nbsp;&nbsp;2023 | 86 | 29.51 | 29.51 | &nbsp;&nbsp;&nbsp;&nbsp;2529 |  | 1.85 | 1.85 | 19.50 | 19.50 |
| Columbia Variable Portfolio - Large Cap Growth Fund Class 2 | Columbia Variable Portfolio - Large Cap Growth Fund Class 2 | Columbia Variable Portfolio - Large Cap Growth Fund Class 2 | Columbia Variable Portfolio - Large Cap Growth Fund Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;2025 | 45572 | 36.56 | 39.33 | &nbsp;&nbsp;&nbsp;&nbsp;1731594 |  | 1.35 | 2.10 | 13.43 | 14.30 |
| &nbsp;&nbsp;&nbsp;2024 | 55481 | 32.23 | 34.41 | &nbsp;&nbsp;&nbsp;&nbsp;1852295 |  | 1.35 | 2.10 | 28.25 | 29.22 |
| &nbsp;&nbsp;&nbsp;2023 | 76851 | 26.63 | 25.13 | &nbsp;&nbsp;&nbsp;&nbsp;1994825 |  | 1.35 | 2.10 | 39.80 | 40.85 |
| &nbsp;&nbsp;&nbsp;2022 | 103748 | 18.91 | 17.98 | &nbsp;&nbsp;&nbsp;&nbsp;1917756 |  | 1.35 | 2.10 | (32.96) | (32.45) |
| &nbsp;&nbsp;&nbsp;2021 | 96036 | 27.99 | 26.81 | &nbsp;&nbsp;&nbsp;&nbsp;2636244 |  | 1.35 | 2.10 | 25.67 | 26.63 |

---

(a) Name change. See Note 2.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense** <br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Columbia Variable Portfolio - Overseas Core Fund | Columbia Variable Portfolio - Overseas Core Fund | Columbia Variable Portfolio - Overseas Core Fund |  |  |  |  |  |  |  |
| 2025 | 7568 | 17.74 | 18.99 | 140319 | 1.76 | 1.35 | 2.05 | 35.01 | 35.93 |
| 2024 | 11595 | 13.14 | 13.97 | 157645 | 6.00 | 1.35 | 2.05 | 1.15 | 1.90 |
| 2023 | 20243 | 13.71 | 12.94 | 269557 | 1.70 | 1.35 | 2.10 | 12.92 | 13.77 |
| 2022 | 22301 | 12.05 | 11.46 | 261694 | 0.78 | 1.35 | 2.10 | (16.68) | (16.05) |
| 2021 | 31419 | 14.36 | 13.75 | 443363 | 1.15 | 1.35 | 2.10 | 7.45 | 8.27 |
| Fidelity VIP Balanced Portfolio | Fidelity VIP Balanced Portfolio |  |  |  |  |  |  |  |  |
| 2025 | 141930 | 31.89 | 36.79 | 4873915 | 1.49 | 1.35 | 2.10 | 12.57 | 13.41 |
| 2024 | 174315 | 28.33 | 32.44 | 5315021 | 2.57 | 1.35 | 2.10 | 13.18 | 14.06 |
| 2023 | 188696 | 28.44 | 25.03 | 5062737 | 1.54 | 1.35 | 2.10 | 18.71 | 19.61 |
| 2022 | 198415 | 23.78 | 21.08 | 4463531 | 1.04 | 1.35 | 2.10 | (19.89) | (19.29) |
| 2021 | 215079 | 29.46 | 26.32 | 6013321 | 0.73 | 1.35 | 2.10 | 15.53 | 16.40 |
| Fidelity VIP Contrafund Portfolio | Fidelity VIP Contrafund Portfolio |  |  |  |  |  |  |  |  |
| 2025 | 230032 | 51.28 | 58.71 | 12553138 |  | 1.35 | 2.10 | 18.68 | 19.55 |
| 2024 | 264380 | 43.21 | 49.11 | 12127420 | 0.04 | 1.35 | 2.10 | 30.62 | 31.66 |
| 2023 | 332496 | 37.30 | 33.08 | 11691389 | 0.24 | 1.35 | 2.10 | 30.35 | 31.33 |
| 2022 | 416197 | 28.40 | 25.38 | 11196642 | 0.27 | 1.35 | 2.10 | (28.02) | (27.48) |
| 2021 | 407907 | 39.17 | 35.26 | 15192718 | 0.03 | 1.35 | 2.10 | 24.85 | 25.79 |
| Fidelity VIP Freedom 2010 Portfolio | Fidelity VIP Freedom 2010 Portfolio |  |  |  |  |  |  |  |  |
| 2025 | 1387 | 20.36 | 20.36 | 28235 | 3.05 | 1.65 | 1.65 | 8.47 | 8.47 |
| 2024 | 1422 | 18.77 | 18.77 | 26693 | 3.35 | 1.65 | 1.65 | 3.42 | 3.42 |
| 2023 | 1474 | 18.15 | 18.15 | 26754 | 3.72 | 1.65 | 1.65 | 7.29 | 7.29 |
| 2022 | 1569 | 16.92 | 16.92 | 26538 | 1.92 | 1.65 | 1.65 | (15.08) | (15.08) |
| 2021 | 1646 | 19.92 | 19.92 | 32798 | 0.81 | 1.65 | 1.65 | 3.86 | 3.86 |
| Fidelity VIP Freedom 2015 Portfolio | Fidelity VIP Freedom 2015 Portfolio |  |  |  |  |  |  |  |  |
| 2025 | 18274 | 20.53 | 23.93 | 401674 | 2.62 | 1.35 | 2.10 | 9.32 | 10.12 |
| 2024 | 29604 | 18.78 | 21.73 | 598105 | 3.53 | 1.35 | 2.10 | 3.99 | 4.77 |
| 2023 | 30543 | 20.74 | 18.06 | 591115 | 3.24 | 1.35 | 2.10 | 8.34 | 9.16 |
| 2022 | 32402 | 19.00 | 16.67 | 574454 | 1.88 | 1.35 | 2.10 | (16.57) | (15.93) |
| 2021 | 36078 | 22.60 | 19.98 | 765242 | 0.92 | 1.35 | 2.10 | 5.15 | 5.95 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Fidelity VIP Freedom 2020 Portfolio | Fidelity VIP Freedom 2020 Portfolio |  |  |  |  |  |  |  |  |
| 2025 | 21533 | 22.10 | 25.77 | 526097 | 2.26 | 1.35 | 2.10 | 10.61 | 11.51 |
| 2024 | 32377 | 19.98 | 23.11 | 713332 | 2.88 | 1.35 | 2.10 | 5.16 | 5.91 |
| 2023 | 34159 | 21.82 | 19.00 | 711601 | 3.00 | 1.35 | 2.10 | 9.88 | 10.72 |
| 2022 | 36103 | 19.71 | 17.29 | 680091 | 1.73 | 1.35 | 2.10 | (17.72) | (17.10) |
| 2021 | 41884 | 23.77 | 21.02 | 950740 | 0.88 | 1.35 | 2.10 | 6.98 | 7.79 |
| Fidelity VIP Mid Cap Portfolio | Fidelity VIP Mid Cap Portfolio |  |  |  |  |  |  |  |  |
| 2025 | 73997 | 33.30 | 38.42 | 2673228 | 0.24 | 1.35 | 2.10 | 9.18 | 9.99 |
| 2024 | 85146 | 30.50 | 34.93 | 2805116 | 0.39 | 1.35 | 2.10 | 14.70 | 15.59 |
| 2023 | 107105 | 30.22 | 26.59 | 3061334 | 0.35 | 1.35 | 2.10 | 12.41 | 13.26 |
| 2022 | 142324 | 26.69 | 23.66 | 3615619 | 0.26 | 1.35 | 2.10 | (16.74) | (16.11) |
| 2021 | 156175 | 31.81 | 28.41 | 4742524 | 0.34 | 1.35 | 2.10 | 22.69 | 23.62 |
| First Eagle Overseas Variable Fund | First Eagle Overseas Variable Fund | First Eagle Overseas Variable Fund |  |  |  |  |  |  |  |
| 2025 | 616554 | 21.51 | 24.82 | 14132787 | 1.67 | 1.35 | 2.10 | 34.61 | 35.63 |
| 2024 | 792455 | 15.98 | 18.30 | 13491684 | 1.92 | 1.35 | 2.10 | 3.83 | 4.63 |
| 2023 | 891900 | 17.49 | 15.39 | 14607534 |  | 1.35 | 2.10 | 7.78 | 8.60 |
| 2022 | 965678 | 16.11 | 14.28 | 14628554 | 2.07 | 1.35 | 2.10 | (10.08) | (9.40) |
| 2021 | 1122252 | 17.78 | 15.88 | 18874771 | 0.91 | 1.35 | 2.10 | 2.26 | 3.04 |
| Franklin Income VIP Fund | Franklin Income VIP Fund |  |  |  |  |  |  |  |  |
| 2025 | 103245 | 19.24 | 22.21 | 2166326 | 5.00 | 1.35 | 2.10 | 10.19 | 11.05 |
| 2024 | 118192 | 17.46 | 20.00 | 2241557 | 6.13 | 1.35 | 2.10 | 4.93 | 5.76 |
| 2023 | 149352 | 18.91 | 16.64 | 2695420 | 5.00 | 1.35 | 2.10 | 6.36 | 7.16 |
| 2022 | 172953 | 17.65 | 15.64 | 2924303 | 4.88 | 1.35 | 2.10 | (7.44) | (6.74) |
| 2021 | 203514 | 18.92 | 16.90 | 3695904 | 4.64 | 1.35 | 2.10 | 14.32 | 15.18 |
| Franklin Mutual Shares VIP Fund | Franklin Mutual Shares VIP Fund |  |  |  |  |  |  |  |  |
| 2025 | 230284 | 30.06 | 38.13 | 7533694 | 2.03 | 1.35 | 2.05 | 9.23 | 10.04 |
| 2024 | 261808 | 27.43 | 34.66 | 7816072 | 2.43 | 1.35 | 2.05 | 9.01 | 9.75 |
| 2023 | 300655 | 31.58 | 25.64 | 8205430 | 1.87 | 1.35 | 2.05 | 11.16 | 11.94 |
| 2022 | 322806 | 28.21 | 23.07 | 7895047 | 1.78 | 1.35 | 2.05 | (9.32) | (8.68) |
| 2021 | 394822 | 30.89 | 25.44 | 10587939 | 2.86 | 1.35 | 2.05 | 16.74 | 17.56 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Franklin Templeton Allocation VIP Fund | Franklin Templeton Allocation VIP Fund |  |  |  |  |  |  |  |  |
| 2025 | 39146 | 20.00 | 22.10 | 831294 | 1.95 | 1.35 | 1.90 | 10.44 | 11.11 |
| 2024 | 40698 | 18.11 | 19.89 | 779144 | 2.36 | 1.35 | 1.90 | 7.10 | 7.63 |
| 2023 | 51241 | 18.48 | 16.91 | 912424 | 1.45 | 1.35 | 1.90 | 12.45 | 13.07 |
| 2022 | 54224 | 16.34 | 15.04 | 855071 | 1.66 | 1.35 | 1.90 | (17.59) | (17.13) |
| 2021 | 61176 | 19.72 | 18.25 | 1163263 | 1.71 | 1.35 | 1.90 | 9.57 | 10.18 |
| Franklin Templeton Global Bond VIP Fund | Franklin Templeton Global Bond VIP Fund |  |  |  |  |  |  |  |  |
| 2025 | 6969 | 8.28 | 8.97 | 60345 |  | 1.35 | 1.90 | 13.42 | 13.98 |
| 2024 | 9647 | 7.30 | 7.87 | 73219 |  | 1.35 | 1.90 | (13.20) | (12.56) |
| 2023 | 9226 | 9.00 | 8.41 | 80380 |  | 1.35 | 1.90 | 0.88 | 1.44 |
| 2022 | 9222 | 8.87 | 8.33 | 79528 |  | 1.35 | 1.90 | (6.92) | (6.40) |
| 2021 | 11013 | 9.48 | 8.95 | 101987 |  | 1.35 | 1.90 | (6.81) | (6.29) |
| Franklin Templeton Income VIP Fund | Franklin Templeton Income VIP Fund |  |  |  |  |  |  |  |  |
| 2025 | 847 | 20.41 | 20.41 | 17280 | 4.86 | 1.65 | 1.65 | 10.56 | 10.56 |
| 2024 | 985 | 18.46 | 18.46 | 18184 | 4.99 | 1.65 | 1.65 | 5.31 | 5.31 |
| 2023 | 1169 | 17.53 | 16.68 | 20484 | 4.28 | 1.65 | 2.05 | 6.34 | 6.77 |
| 2022 | 3154 | 16.42 | 15.68 | 50951 | 4.58 | 1.65 | 2.05 | (7.51) | (7.14) |
| 2021 | 4001 | 17.68 | 16.96 | 69759 | 4.15 | 1.65 | 2.05 | 14.21 | 14.67 |
| Franklin Templeton Small Cap Value VIP Fund Class 2 | Franklin Templeton Small Cap Value VIP Fund Class 2 | Franklin Templeton Small Cap Value VIP Fund Class 2 |  |  |  |  |  |  |  |
| 2025 | 20626 | 47.29 | 63.60 | 1095430 | 1.08 | 1.35 | 2.10 | 5.40 | 6.22 |
| 2024 | 21499 | 44.70 | 59.88 | 1080422 | 1.09 | 1.35 | 2.10 | 9.36 | 10.18 |
| 2023 | 24741 | 54.35 | 45.73 | 1136986 | 0.52 | 1.35 | 2.10 | 10.40 | 11.23 |
| 2022 | 28239 | 48.86 | 41.42 | 1168030 | 0.98 | 1.35 | 2.10 | (11.94) | (11.27) |
| 2021 | 34190 | 55.07 | 47.04 | 1595412 | 0.96 | 1.35 | 2.10 | 22.75 | 23.68 |
| Franklin Templeton Small Cap Value VIP Fund Class 4 | Franklin Templeton Small Cap Value VIP Fund Class 4 | Franklin Templeton Small Cap Value VIP Fund Class 4 |  |  |  |  |  |  |  |
| 2025 | 1396 | 32.48 | 32.95 | 45823 | 0.98 | 1.65 | 1.75 | 5.63 | 5.74 |
| 2024 | 1508 | 30.75 | 31.16 | 46835 | 0.83 | 1.65 | 1.75 | 9.63 | 9.72 |
| 2023 | 1712 | 28.40 | 28.05 | 48457 | 0.44 | 1.65 | 1.75 | 10.72 | 10.83 |
| 2022 | 1886 | 25.62 | 25.33 | 48204 | 0.87 | 1.65 | 1.75 | (11.67) | (11.59) |
| 2021 | 2051 | 28.98 | 28.68 | 59289 | 0.82 | 1.65 | 1.75 | 22.99 | 23.11 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Franklin Templeton Strategic Income VIP Fund Class 2 | Franklin Templeton Strategic Income VIP Fund Class 2 | Franklin Templeton Strategic Income VIP Fund Class 2 |  |  |  |  |  |  |  |
| 2025 | 28236 | 13.97 | 15.96 | 424650 | 4.87 | 1.35 | 2.05 | 5.04 | 5.77 |
| 2024 | 30047 | 13.30 | 15.09 | 429396 | 4.57 | 1.35 | 2.05 | 1.92 | 2.65 |
| 2023 | 35896 | 14.70 | 13.05 | 500999 | 4.52 | 1.35 | 2.05 | 5.98 | 6.73 |
| 2022 | 38675 | 13.78 | 12.31 | 506779 | 4.34 | 1.35 | 2.05 | (12.57) | (11.95) |
| 2021 | 40767 | 15.65 | 14.08 | 608576 | 3.23 | 1.35 | 2.05 | 0.03 | 0.73 |
| Franklin Templeton Strategic Income VIP Fund Class 4 | Franklin Templeton Strategic Income VIP Fund Class 4 | Franklin Templeton Strategic Income VIP Fund Class 4 |  |  |  |  |  |  |  |
| 2025 |  | 11.40 | 14.05 |  |  | 0.65 | 2.10 | 4.78 | 6.36 |
| 2024 |  | 11.40 | 12.03 |  |  | 1.35 | 1.75 | 2.15 | 2.56 |
| 2023 | 104 | 11.16 | 11.16 | 1164 | 4.33 | 1.75 | 1.75 | 6.11 | 6.11 |
| 2022 | 104 | 10.52 | 10.52 | 1098 | 4.05 | 1.75 | 1.75 | (12.39) | (12.39) |
| 2021 | 110 | 12.01 | 12.01 | 1315 | 3.15 | 1.75 | 1.75 | 0.28 | 0.28 |
| Invesco V.I. American Value Fund | Invesco V.I. American Value Fund |  |  |  |  |  |  |  |  |
| 2025 | 2932 | 37.70 | 40.89 | 116988 | 0.18 | 1.65 | 2.10 | 18.26 | 18.80 |
| 2024 | 4273 | 31.88 | 36.23 | 143540 | 1.11 | 1.35 | 2.10 | 27.37 | 28.34 |
| 2023 | 6433 | 26.91 | 25.03 | 170230 | 0.37 | 1.65 | 2.10 | 12.89 | 13.40 |
| 2022 | 7039 | 23.73 | 22.18 | 164388 | 0.45 | 1.65 | 2.10 | (4.89) | (4.46) |
| 2021 | 8145 | 24.83 | 23.32 | 199168 | 0.23 | 1.65 | 2.10 | 24.96 | 25.53 |
| Invesco V.I. Comstock Fund | Invesco V.I. Comstock Fund |  |  |  |  |  |  |  |  |
| 2025 | 32296 | 31.52 | 36.03 | 1090604 | 1.40 | 1.35 | 2.05 | 14.74 | 15.59 |
| 2024 | 38225 | 27.47 | 31.17 | 1119200 | 1.53 | 1.35 | 2.05 | 12.49 | 13.30 |
| 2023 | 61889 | 27.51 | 24.42 | 1591796 | 1.59 | 1.35 | 2.05 | 9.82 | 10.59 |
| 2022 | 67435 | 24.88 | 22.23 | 1575930 | 1.33 | 1.35 | 2.05 | (1.21) | (0.51) |
| 2021 | 77218 | 25.01 | 22.51 | 1824554 | 1.61 | 1.35 | 2.05 | 30.33 | 31.25 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Invesco V.I. Discovery Large Cap Fund (a) | Invesco V.I. Discovery Large Cap Fund (a) |  |  |  |  |  |  |  |  |
| 2025 | 13472 | 52.19 | 77.36 | 814015 |  | 1.35 | 2.05 | 10.23 | 11.02 |
| 2024 | 15728 | 47.10 | 69.68 | 857545 |  | 1.35 | 2.05 | 31.07 | 32.00 |
| 2023 | 31957 | 52.79 | 38.91 | 1314192 |  | 1.35 | 2.05 | 32.28 | 33.22 |
| 2022 | 36194 | 39.62 | 29.42 | 1123390 |  | 1.35 | 2.05 | (32.37) | (31.89) |
| 2021 | 35396 | 58.18 | 43.49 | 1619796 |  | 1.35 | 2.05 | 19.79 | 20.63 |
| Invesco V.I. Equity and Income Fund | Invesco V.I. Equity and Income Fund |  |  |  |  |  |  |  |  |
| 2025 | 76602 | 26.75 | 30.63 | 2206446 | 1.86 | 1.35 | 2.10 | 10.17 | 10.98 |
| 2024 | 84989 | 24.28 | 27.60 | 2211174 | 1.51 | 1.35 | 2.10 | 9.52 | 10.40 |
| 2023 | 149272 | 25.00 | 22.17 | 3611994 | 1.76 | 1.35 | 2.10 | 7.94 | 8.76 |
| 2022 | 174672 | 22.99 | 20.54 | 3891830 | 1.44 | 1.35 | 2.10 | (9.64) | (8.95) |
| 2021 | 177349 | 25.25 | 22.73 | 4352670 | 1.63 | 1.35 | 2.10 | 15.88 | 16.76 |
| Invesco V.I. EQV International Equity Fund | Invesco V.I. EQV International Equity Fund |  |  |  |  |  |  |  |  |
| 2025 | 12962 | 18.19 | 20.12 | 236644 | 1.23 | 1.35 | 2.05 | 13.90 | 14.64 |
| 2024 | 12776 | 15.97 | 17.55 | 204942 | 1.58 | 1.35 | 2.05 | (1.72) | (1.02) |
| 2023 | 11505 | 17.73 | 16.25 | 187859 |  | 1.35 | 2.05 | 15.47 | 16.28 |
| 2022 | 11608 | 15.25 | 14.07 | 164252 | 1.45 | 1.35 | 2.05 | (20.16) | (19.60) |
| 2021 | 12292 | 18.96 | 17.63 | 217754 | 1.09 | 1.35 | 2.05 | 3.45 | 4.18 |
| Invesco V.I. Global Fund | Invesco V.I. Global Fund |  |  |  |  |  |  |  |  |
| 2025 | 33647 | 43.98 | 52.02 | 1642890 |  | 1.35 | 2.10 | 12.62 | 13.46 |
| 2024 | 38097 | 39.05 | 45.85 | 1643431 |  | 1.35 | 2.10 | 13.32 | 14.23 |
| 2023 | 47987 | 40.14 | 34.46 | 1810797 |  | 1.35 | 2.10 | 31.65 | 32.64 |
| 2022 | 58096 | 30.26 | 26.17 | 1657856 |  | 1.35 | 2.10 | (33.36) | (32.85) |
| 2021 | 52678 | 45.07 | 39.27 | 2247915 |  | 1.35 | 2.10 | 12.76 | 13.62 |
| Invesco V.I. Main Street Fund | Invesco V.I. Main Street Fund |  |  |  |  |  |  |  |  |
| 2025 | 126518 | 47.53 | 56.52 | 6935621 | 0.31 | 1.35 | 2.10 | 13.23 | 14.08 |
| 2024 | 144702 | 41.75 | 49.72 | 6964657 |  | 1.35 | 2.10 | 20.79 | 21.72 |
| 2023 | 181573 | 35.73 | 37.61 | 7199322 | 0.47 | 1.35 | 2.10 | 20.27 | 21.18 |
| 2022 | 223831 | 32.64 | 31.27 | 7339648 | 1.08 | 1.35 | 2.10 | (21.97) | (21.38) |
| 2021 | 231098 | 41.52 | 40.08 | 9657294 | 0.48 | 1.35 | 2.10 | 24.57 | 25.52 |

---

(a) Name change. See Note 2.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| Invesco V.I. Main Street Small Cap Fund® | Invesco V.I. Main Street Small Cap Fund® |  |  |  |  |  |  |  |  |
| 2025 | 1059 | 55.72 | 63.57 | 65300 | 0.24 | 1.35 | 1.85 | 6.45 | 6.99 |
| 2024 | 1074 | 52.08 | 59.60 | 62177 |  | 1.35 | 1.85 | 10.31 | 10.88 |
| 2023 | 1119 | 46.97 | 51.70 | 58672 | 0.95 | 1.35 | 1.85 | 15.65 | 16.24 |
| 2022 | 1180 | 40.41 | 44.70 | 53391 | 0.15 | 1.35 | 1.85 | (17.59) | (17.17) |
| 2021 | 2061 | 48.79 | 54.24 | 115271 | 0.17 | 1.35 | 1.85 | 20.01 | 20.62 |
| Lazard Retirement Emerging Markets Equity Portfolio | Lazard Retirement Emerging Markets Equity Portfolio | Lazard Retirement Emerging Markets Equity Portfolio |  |  |  |  |  |  |  |
| 2025 | 105590 | 14.68 | 16.81 | 1652923 | 2.70 | 1.35 | 2.10 | 38.75 | 39.85 |
| 2024 | 141870 | 10.58 | 12.02 | 1592707 | 3.59 | 1.35 | 2.10 | 5.17 | 6.00 |
| 2023 | 161845 | 11.34 | 10.06 | 1721449 | 4.63 | 1.35 | 2.10 | 19.73 | 20.63 |
| 2022 | 204934 | 9.40 | 8.40 | 1816060 | 3.21 | 1.35 | 2.10 | (16.89) | (16.26) |
| 2021 | 234251 | 11.23 | 10.11 | 2484849 | 1.80 | 1.35 | 2.10 | 3.26 | 4.05 |
| Lord Abbett Series Fund - Growth Opportunities Portfolio VC | Lord Abbett Series Fund - Growth Opportunities Portfolio VC | Lord Abbett Series Fund - Growth Opportunities Portfolio VC | Lord Abbett Series Fund - Growth Opportunities Portfolio VC |  |  |  |  |  |  |
| 2025 | 21653 | 44.48 | 52.61 | 1063203 |  | 1.35 | 2.10 | 10.59 | 11.44 |
| 2024 | 23505 | 40.22 | 47.21 | 1038691 |  | 1.35 | 2.10 | 27.84 | 28.84 |
| 2023 | 31306 | 36.65 | 31.46 | 1075604 |  | 1.35 | 2.10 | 8.37 | 9.19 |
| 2022 | 35140 | 33.56 | 29.03 | 1110846 |  | 1.35 | 2.10 | (33.94) | (33.44) |
| 2021 | 31359 | 50.43 | 43.94 | 1493218 |  | 1.35 | 2.10 | 4.23 | 5.02 |
| Lord Abbett Series Fund- Fundamental Equity Portfolio VC | Lord Abbett Series Fund- Fundamental Equity Portfolio VC | Lord Abbett Series Fund- Fundamental Equity Portfolio VC | Lord Abbett Series Fund- Fundamental Equity Portfolio VC |  |  |  |  |  |  |
| 2025 | 40930 | 40.12 | 46.92 | 1773130 | 0.42 | 1.35 | 2.05 | 11.97 | 12.76 |
| 2024 | 45018 | 35.83 | 41.61 | 1733946 | 0.79 | 1.35 | 2.05 | 14.25 | 15.04 |
| 2023 | 56859 | 36.17 | 31.36 | 1916090 | 0.55 | 1.35 | 2.05 | 12.30 | 13.10 |
| 2022 | 64535 | 31.98 | 27.93 | 1929507 | 1.02 | 1.35 | 2.05 | (13.77) | (13.17) |
| 2021 | 72364 | 36.83 | 32.39 | 2502428 | 0.76 | 1.35 | 2.05 | 24.72 | 25.60 |
| LVIP JPMorgan Core Bond Fund | LVIP JPMorgan Core Bond Fund |  |  |  |  |  |  |  |  |
| 2025 | 138198 | 9.82 | 10.87 | 1434223 | 3.44 | 1.35 | 2.05 | 4.91 | 5.74 |
| 2024 | 142844 | 9.36 | 10.28 | 1407887 | 4.59 | 1.35 | 2.05 | (0.64) | 0.10 |
| 2023 | 151123 | 10.27 | 9.42 | 1493635 | 3.17 | 1.35 | 2.05 | 3.51 | 4.24 |
| 2022 | 162023 | 9.85 | 9.10 | 1545643 | 1.78 | 1.35 | 2.05 | (14.51) | (13.91) |
| 2021 | 186001 | 11.45 | 10.64 | 2067648 | 1.70 | 1.35 | 2.05 | (3.67) | (2.99) |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| LVIP JPMorgan U.S. Equity Fund | LVIP JPMorgan U.S. Equity Fund |  |  |  |  |  |  |  |  |
| 2025 | 19813 | 54.39 | 60.62 | 1121895 | 0.25 | 1.35 | 2.10 | 11.87 | 12.72 |
| 2024 | 21850 | 48.62 | 53.78 | 1102976 | 0.37 | 1.35 | 2.10 | 21.07 | 22.01 |
| 2023 | 24274 | 44.08 | 40.16 | 1008816 | 1.21 | 1.35 | 2.10 | 24.20 | 25.14 |
| 2022 | 26860 | 35.23 | 32.33 | 895988 | 0.23 | 1.35 | 2.10 | (20.58) | (19.98) |
| 2021 | 32125 | 44.02 | 40.71 | 1346798 | 0.53 | 1.35 | 2.10 | 26.32 | 27.28 |
| MFS U.S. Government Money Market Portfolio | MFS U.S. Government Money Market Portfolio |  |  |  |  |  |  |  |  |
| 2025 | 61413 | 12.09 | 13.27 | 778289 | 3.78 | 1.40 | 1.40 | 2.46 | 2.47 |
| 2024 | 69615 | 11.80 | 12.95 | 863651 | 4.74 | 1.40 | 1.40 | 3.33 | 3.35 |
| 2023 | 74534 | 12.53 | 11.42 | 892971 | 4.46 | 1.40 | 1.40 | 3.15 | 3.15 |
| 2022 | 98217 | 12.14 | 11.07 | 1136073 | 1.21 | 1.40 | 1.40 | (0.22) | (0.22) |
| 2021 | 92918 | 12.17 | 11.09 | 1068872 |  | 1.40 | 1.40 | (1.38) | (1.38) |
| MFS VIT I Growth Series Initial Class | MFS VIT I Growth Series Initial Class |  |  |  |  |  |  |  |  |
| 2025 | 66682 | 119.72 | 119.72 | 7982890 |  | 1.40 | 1.40 | 10.65 | 10.65 |
| 2024 | 73765 | 108.20 | 108.20 | 7981267 |  | 1.40 | 1.40 | 29.64 | 29.64 |
| 2023 | 81119 | 83.46 | 83.46 | 6775121 |  | 1.40 | 1.40 | 33.99 | 33.99 |
| 2022 | 87521 | 62.29 | 62.29 | 5455499 |  | 1.40 | 1.40 | (32.58) | (32.58) |
| 2021 | 89673 | 92.39 | 92.39 | 8297513 |  | 1.40 | 1.40 | 21.83 | 21.83 |
| MFS VIT I Growth Series Service Class | MFS VIT I Growth Series Service Class |  |  |  |  |  |  |  |  |
| 2025 | 11341 | 61.27 | 103.25 | 1010206 |  | 1.35 | 2.05 | 9.63 | 10.40 |
| 2024 | 11084 | 55.66 | 93.86 | 894703 |  | 1.35 | 2.05 | 28.45 | 29.38 |
| 2023 | 12925 | 44.80 | 63.55 | 803292 |  | 1.35 | 2.05 | 32.76 | 33.69 |
| 2022 | 14335 | 49.75 | 47.87 | 678707 |  | 1.35 | 2.05 | (33.19) | (32.72) |
| 2021 | 15301 | 73.94 | 71.65 | 1088772 |  | 1.35 | 2.05 | 20.72 | 21.58 |
| MFS VIT I Mid Cap Growth Series | MFS VIT I Mid Cap Growth Series |  |  |  |  |  |  |  |  |
| 2025 | 15893 | 34.32 | 53.26 | 741323 |  | 1.35 | 2.05 | 1.29 | 2.03 |
| 2024 | 16330 | 33.73 | 52.40 | 749287 |  | 1.35 | 2.05 | 12.07 | 12.89 |
| 2023 | 20043 | 34.51 | 31.90 | 821037 |  | 1.35 | 2.05 | 18.51 | 19.35 |
| 2022 | 25751 | 32.94 | 26.91 | 876364 |  | 1.35 | 2.05 | (30.24) | (29.75) |
| 2021 | 28033 | 46.88 | 38.58 | 1363922 |  | 1.35 | 2.05 | 11.55 | 12.34 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT I New Discovery Series Initial Class | MFS VIT I New Discovery Series Initial Class |  |  |  |  |  |  |  |  |
| 2025 | 21046 | 23.58 | 23.58 | 496294 |  | 1.40 | 1.40 | 11.38 | 11.38 |
| 2024 | 23335 | 21.17 | 21.17 | 493975 |  | 1.40 | 1.40 | 5.22 | 5.22 |
| 2023 | 23992 | 20.12 | 20.12 | 488802 |  | 1.40 | 1.40 | 12.84 | 12.84 |
| 2022 | 27975 | 17.83 | 17.83 | 505909 |  | 1.40 | 1.40 | (30.73) | (30.73) |
| 2021 | 30292 | 25.74 | 25.74 | 795379 |  | 1.40 | 1.40 | 0.39 | 0.39 |
| MFS VIT I New Discovery Series Service Class | MFS VIT I New Discovery Series Service Class | MFS VIT I New Discovery Series Service Class |  |  |  |  |  |  |  |
| 2025 | 47663 | 22.34 | 30.67 | 1356440 |  | 1.35 | 2.10 | 10.20 | 11.04 |
| 2024 | 51553 | 20.17 | 27.62 | 1327761 |  | 1.35 | 2.10 | 4.18 | 5.02 |
| 2023 | 62043 | 26.30 | 24.18 | 1523692 |  | 1.35 | 2.10 | 11.87 | 12.72 |
| 2022 | 67031 | 23.34 | 21.61 | 1467386 |  | 1.35 | 2.10 | (31.46) | (30.94) |
| 2021 | 61438 | 33.79 | 31.53 | 1950082 |  | 1.35 | 2.10 | (0.55) | 0.20 |
| MFS VIT I Research Series | MFS VIT I Research Series |  |  |  |  |  |  |  |  |
| 2025 | 188996 | 37.55 | 41.48 | 7451860 | 0.15 | 1.35 | 2.10 | 10.21 | 11.06 |
| 2024 | 211445 | 34.07 | 37.35 | 7540573 | 0.46 | 1.35 | 2.10 | 16.04 | 16.94 |
| 2023 | 263588 | 31.94 | 29.36 | 8083477 | 0.25 | 1.35 | 2.10 | 19.58 | 20.48 |
| 2022 | 306207 | 26.51 | 24.55 | 7823653 | 0.20 | 1.35 | 2.10 | (19.15) | (18.54) |
| 2021 | 339424 | 32.54 | 30.37 | 10691516 | 0.33 | 1.35 | 2.10 | 21.91 | 22.84 |
| MFS VIT I Total Return Bond Series | MFS VIT I Total Return Bond Series |  |  |  |  |  |  |  |  |
| 2025 | 1725979 | 10.48 | 12.91 | 19240382 | 4.24 | 0.65 | 2.10 | 4.77 | 6.26 |
| 2024 | 1828767 | 10.00 | 12.15 | 19376096 | 4.58 | 0.65 | 2.10 | 0.10 | 1.59 |
| 2023 | 2027419 | 11.96 | 9.99 | 21326051 | 2.98 | 0.65 | 2.10 | 4.90 | 6.44 |
| 2022 | 2164251 | 11.23 | 9.52 | 21597272 | 2.44 | 0.65 | 2.10 | (15.97) | (14.74) |
| 2021 | 2533455 | 13.17 | 11.33 | 29955969 | 2.47 | 0.65 | 2.10 | (3.14) | (1.71) |
| MFS VIT I Utilities Series Initial Class | MFS VIT I Utilities Series Initial Class |  |  |  |  |  |  |  |  |
| 2025 | 138702 | 18.38 | 18.38 | 2549398 | 2.77 | 1.40 | 1.40 | 13.39 | 13.39 |
| 2024 | 162925 | 16.21 | 16.21 | 2640302 | 2.29 | 1.40 | 1.40 | 10.12 | 10.12 |
| 2023 | 186628 | 14.72 | 14.72 | 2744449 | 3.46 | 1.40 | 1.40 | (3.46) | (3.46) |
| 2022 | 214535 | 15.25 | 15.25 | 3270600 | 2.41 | 1.40 | 1.40 | (0.63) | (0.63) |
| 2021 | 219170 | 15.34 | 15.34 | 3368148 | 1.76 | 1.40 | 1.40 | 12.51 | 12.51 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT I Utilities Series Service Class | MFS VIT I Utilities Series Service Class | MFS VIT I Utilities Series Service Class |  |  |  |  |  |  |  |
| 2025 | 135778 | 16.45 | 17.94 | 2336628 | 2.69 | 1.35 | 2.10 | 12.36 | 13.19 |
| 2024 | 144674 | 14.64 | 15.85 | 2205494 | 2.42 | 1.35 | 2.10 | 8.93 | 9.84 |
| 2023 | 132549 | 14.43 | 13.44 | 1862011 | 3.26 | 1.35 | 2.10 | (4.37) | (3.64) |
| 2022 | 141842 | 14.97 | 14.05 | 2071014 | 2.18 | 1.35 | 2.10 | (1.62) | (0.87) |
| 2021 | 165447 | 15.10 | 14.28 | 2440136 | 1.48 | 1.35 | 2.10 | 11.45 | 12.29 |
| MFS VIT I Value Series Initial Class | MFS VIT I Value Series Initial Class | MFS VIT I Value Series Initial Class |  |  |  |  |  |  |  |
| 2025 | 208264 | 23.77 | 33.59 | 6114483 | 1.57 | 1.35 | 2.10 | 10.66 | 11.49 |
| 2024 | 243975 | 21.32 | 30.13 | 6428904 | 1.81 | 1.35 | 2.10 | 9.26 | 10.08 |
| 2023 | 267914 | 27.37 | 25.15 | 6453367 | 1.66 | 1.35 | 2.10 | 5.68 | 6.48 |
| 2022 | 296714 | 25.70 | 23.80 | 6759986 | 1.38 | 1.35 | 2.10 | (7.87) | (7.17) |
| 2021 | 341005 | 27.69 | 25.83 | 8478596 | 1.31 | 1.35 | 2.10 | 22.83 | 23.76 |
| MFS VIT I Value Series Service Class | MFS VIT I Value Series Service Class | MFS VIT I Value Series Service Class |  |  |  |  |  |  |  |
| 2025 | 137281 | 22.93 | 32.52 | 4231794 | 1.37 | 1.35 | 2.10 | 10.39 | 11.26 |
| 2024 | 161178 | 20.63 | 29.23 | 4483128 | 1.62 | 1.35 | 2.10 | 9.04 | 9.85 |
| 2023 | 192464 | 26.61 | 24.46 | 4889521 | 1.39 | 1.35 | 2.10 | 5.39 | 6.19 |
| 2022 | 212174 | 25.06 | 23.21 | 5102329 | 1.15 | 1.35 | 2.10 | (8.10) | (7.40) |
| 2021 | 258353 | 27.07 | 25.26 | 6729819 | 1.15 | 1.35 | 2.10 | 22.54 | 23.47 |
| MFS VIT II Blended Research Core Equity Portfolio I Class | MFS VIT II Blended Research Core Equity Portfolio I Class | MFS VIT II Blended Research Core Equity Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 106555 | 98.71 | 145.90 | 11192268 | 1.02 | 1.40 | 1.40 | 14.49 | 14.49 |
| 2024 | 122691 | 86.22 | 127.43 | 11237014 | 1.01 | 1.40 | 1.40 | 23.75 | 23.75 |
| 2023 | 133804 | 102.97 | 69.67 | 10011569 | 1.40 | 1.40 | 1.40 | 26.76 | 26.76 |
| 2022 | 146666 | 81.24 | 54.96 | 8687538 | 1.12 | 1.40 | 1.40 | (17.16) | (17.16) |
| 2021 | 152050 | 98.07 | 66.35 | 10923209 | 1.10 | 1.40 | 1.40 | 27.74 | 27.74 |
| MFS VIT II Blended Research Core Equity Portfolio S Class | MFS VIT II Blended Research Core Equity Portfolio S Class | MFS VIT II Blended Research Core Equity Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 38688 | 59.12 | 69.23 | 2603901 | 0.78 | 1.35 | 2.10 | 13.41 | 14.26 |
| 2024 | 42844 | 51.85 | 60.71 | 2529574 | 0.90 | 1.35 | 2.10 | 22.53 | 23.48 |
| 2023 | 56566 | 49.07 | 45.27 | 2708513 | 1.06 | 1.35 | 2.10 | 25.53 | 26.48 |
| 2022 | 68303 | 38.80 | 36.06 | 2593849 | 0.86 | 1.35 | 2.10 | (17.95) | (17.33) |
| 2021 | 73453 | 46.93 | 43.95 | 3381978 | 0.91 | 1.35 | 2.10 | 26.49 | 27.45 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT II Core Equity Portfolio I Class | MFS VIT II Core Equity Portfolio I Class | MFS VIT II Core Equity Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 22446 | 80.43 | 80.43 | 1805460 | 0.46 | 1.40 | 1.40 | 10.94 | 10.94 |
| 2024 | 24496 | 72.50 | 72.50 | 1775861 | 0.60 | 1.40 | 1.40 | 18.44 | 18.44 |
| 2023 | 26623 | 61.21 | 61.21 | 1629533 | 0.55 | 1.40 | 1.40 | 21.44 | 21.44 |
| 2022 | 27285 | 50.40 | 50.40 | 1375178 | 0.31 | 1.40 | 1.40 | (18.41) | (18.41) |
| 2021 | 28994 | 61.78 | 61.78 | 1791176 | 0.43 | 1.40 | 1.40 | 23.58 | 23.58 |
| MFS VIT II Core Equity Portfolio S Class | MFS VIT II Core Equity Portfolio S Class | MFS VIT II Core Equity Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 41987 | 42.93 | 60.89 | 1894307 | 0.23 | 1.35 | 2.05 | 9.94 | 10.69 |
| 2024 | 44111 | 39.05 | 55.13 | 1805930 | 0.48 | 1.35 | 2.05 | 17.41 | 18.25 |
| 2023 | 46678 | 37.48 | 33.26 | 1624267 | 0.32 | 1.35 | 2.05 | 20.30 | 21.14 |
| 2022 | 54309 | 30.94 | 27.65 | 1565755 | 0.09 | 1.35 | 2.05 | (19.17) | (18.59) |
| 2021 | 58485 | 38.00 | 34.21 | 2085347 | 0.27 | 1.35 | 2.05 | 22.51 | 23.37 |
| MFS VIT II Corporate Bond Portfolio I Class | MFS VIT II Corporate Bond Portfolio I Class | MFS VIT II Corporate Bond Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 18732 | 25.27 | 25.27 | 473301 | 5.27 | 1.40 | 1.40 | 6.09 | 6.09 |
| 2024 | 30177 | 23.82 | 23.82 | 718827 | 3.93 | 1.40 | 1.40 | 1.58 | 1.58 |
| 2023 | 30739 | 23.45 | 23.45 | 694324 | 3.61 | 1.40 | 1.40 | 7.61 | 7.61 |
| 2022 | 31094 | 21.80 | 21.80 | 658668 | 3.42 | 1.40 | 1.40 | (17.51) | (17.51) |
| 2021 | 31946 | 26.42 | 26.42 | 828303 | 2.93 | 1.40 | 1.40 | (2.76) | (2.76) |
| MFS VIT II Corporate Bond Portfolio S Class | MFS VIT II Corporate Bond Portfolio S Class | MFS VIT II Corporate Bond Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 441027 | 15.57 | 20.75 | 7828437 | 4.70 | 1.35 | 2.10 | 5.05 | 5.87 |
| 2024 | 472391 | 14.82 | 19.60 | 7931040 | 4.01 | 1.35 | 2.10 | 0.54 | 1.29 |
| 2023 | 517096 | 19.35 | 16.54 | 8575224 | 3.71 | 1.35 | 2.10 | 6.62 | 7.43 |
| 2022 | 549274 | 18.01 | 13.83 | 8505095 | 3.09 | 1.35 | 2.10 | (18.36) | (17.74) |
| 2021 | 597835 | 21.89 | 16.94 | 11293644 | 2.69 | 1.35 | 2.10 | (3.71) | (2.98) |
| MFS VIT II Emerging Markets Equity Portfolio I Class | MFS VIT II Emerging Markets Equity Portfolio I Class | MFS VIT II Emerging Markets Equity Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 6391 | 33.23 | 33.23 | 212357 | 2.03 | 1.40 | 1.40 | 31.81 | 31.81 |
| 2024 | 7470 | 25.21 | 25.21 | 188315 | 2.40 | 1.40 | 1.40 | 10.04 | 10.04 |
| 2023 | 7548 | 22.91 | 22.91 | 175630 | 1.44 | 1.40 | 1.40 | 9.37 | 9.37 |
| 2022 | 7742 | 20.94 | 20.94 | 164363 | 4.20 | 1.40 | 1.40 | (20.83) | (20.83) |
| 2021 | 7798 | 26.45 | 26.45 | 208743 | 0.49 | 1.40 | 1.40 | (8.04) | (8.04) |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT II Emerging Markets Equity Portfolio S Class | MFS VIT II Emerging Markets Equity Portfolio S Class | MFS VIT II Emerging Markets Equity Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 41649 | 18.73 | 43.15 | 873525 | 1.92 | 1.35 | 2.05 | 30.61 | 31.53 |
| 2024 | 51219 | 14.34 | 32.83 | 814239 | 2.29 | 1.35 | 2.05 | 9.05 | 9.83 |
| 2023 | 69968 | 14.96 | 13.15 | 999976 | 1.16 | 1.35 | 2.05 | 8.45 | 9.22 |
| 2022 | 78618 | 13.70 | 12.12 | 1030762 | 3.88 | 1.35 | 2.05 | (21.58) | (21.02) |
| 2021 | 84779 | 17.34 | 15.46 | 1409657 | 0.26 | 1.35 | 2.05 | (8.92) | (8.28) |
| MFS VIT II Global Governments Portfolio I Class | MFS VIT II Global Governments Portfolio I Class | MFS VIT II Global Governments Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 4828 | 14.02 | 17.12 | 75578 | 1.80 | 1.40 | 1.40 | 5.03 | 5.10 |
| 2024 | 5937 | 13.34 | 16.30 | 88283 |  | 1.40 | 1.40 | (5.86) | (5.83) |
| 2023 | 6802 | 17.31 | 14.17 | 106601 |  | 1.40 | 1.40 | 0.91 | 0.91 |
| 2022 | 7827 | 17.16 | 14.04 | 120376 | 1.52 | 1.40 | 1.40 | (18.38) | (18.38) |
| 2021 | 7910 | 21.02 | 17.21 | 149694 | 2.24 | 1.40 | 1.40 | (8.71) | (8.71) |
| MFS VIT II Global Governments Portfolio S Class | MFS VIT II Global Governments Portfolio S Class | MFS VIT II Global Governments Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 124 | 12.30 | 12.30 | 1519 | 1.59 | 1.60 | 1.60 | 4.68 | 4.68 |
| 2024 | 124 | 11.75 | 11.75 | 1453 |  | 1.60 | 1.60 | (6.30) | (6.30) |
| 2023 | 124 | 12.54 | 12.54 | 1553 |  | 1.60 | 1.60 | 0.39 | 0.39 |
| 2022 | 124 | 12.49 | 12.49 | 1548 | 1.25 | 1.60 | 1.60 | (18.70) | (18.70) |
| 2021 | 124 | 15.37 | 15.37 | 1905 | 2.12 | 1.60 | 1.60 | (9.20) | (9.20) |
| MFS VIT II Global Growth Portfolio I Class | MFS VIT II Global Growth Portfolio I Class | MFS VIT II Global Growth Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 20038 | 80.26 | 94.24 | 1722277 | 0.33 | 1.40 | 1.40 | 6.19 | 6.19 |
| 2024 | 23828 | 75.58 | 88.75 | 1910523 | 0.34 | 1.40 | 1.40 | 9.51 | 9.52 |
| 2023 | 24551 | 81.04 | 69.01 | 1808307 | 0.14 | 1.40 | 1.40 | 19.32 | 19.32 |
| 2022 | 25679 | 67.92 | 57.84 | 1580458 | 0.19 | 1.40 | 1.40 | (20.23) | (20.23) |
| 2021 | 27649 | 85.13 | 72.50 | 2137589 | 0.08 | 1.40 | 1.40 | 16.88 | 16.88 |
| MFS VIT II Global Growth Portfolio S Class | MFS VIT II Global Growth Portfolio S Class | MFS VIT II Global Growth Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 52 | 58.22 | 58.22 | 3010 | 0.12 | 1.70 | 1.70 | 5.60 | 5.60 |
| 2024 | 52 | 55.13 | 55.13 | 2852 | 0.14 | 1.70 | 1.70 | 8.89 | 8.89 |
| 2023 | 52 | 50.63 | 50.63 | 2621 |  | 1.70 | 1.70 | 18.66 | 18.66 |
| 2022 | 51 | 42.67 | 42.67 | 2168 |  | 1.70 | 1.70 | (20.68) | (20.68) |
| 2021 | 51 | 53.80 | 53.80 | 2736 |  | 1.70 | 1.70 | 16.21 | 16.21 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT II Global Research Portfolio I Class | MFS VIT II Global Research Portfolio I Class | MFS VIT II Global Research Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 78688 | 57.48 | 57.48 | 4523358 | 0.93 | 1.40 | 1.40 | 14.73 | 14.73 |
| 2024 | 90612 | 50.10 | 50.10 | 4539311 | 1.05 | 1.40 | 1.40 | 13.63 | 13.63 |
| 2023 | 97214 | 44.10 | 44.10 | 4283710 | 0.94 | 1.40 | 1.40 | 17.64 | 17.64 |
| 2022 | 107225 | 37.48 | 37.48 | 4007826 | 0.59 | 1.40 | 1.40 | (18.81) | (18.81) |
| 2021 | 110200 | 46.17 | 46.17 | 5091286 | 0.56 | 1.40 | 1.40 | 16.87 | 16.87 |
| MFS VIT II Global Research Portfolio S Class | MFS VIT II Global Research Portfolio S Class | MFS VIT II Global Research Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 1332 | 42.74 | 44.76 | 59605 | 0.72 | 1.65 | 1.85 | 13.91 | 14.15 |
| 2024 | 1381 | 37.52 | 39.21 | 54032 | 0.81 | 1.65 | 1.85 | 12.81 | 13.06 |
| 2023 | 1467 | 34.68 | 33.26 | 50796 | 0.65 | 1.65 | 1.85 | 16.78 | 17.02 |
| 2022 | 1602 | 28.12 | 28.48 | 47419 | 0.31 | 1.55 | 1.85 | (19.39) | (19.15) |
| 2021 | 1514 | 34.77 | 35.33 | 55443 | 0.36 | 1.55 | 1.85 | 16.02 | 16.37 |
| MFS VIT II Global Tactical Allocation Portfolio I Class | MFS VIT II Global Tactical Allocation Portfolio I Class | MFS VIT II Global Tactical Allocation Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 20841 | 42.04 | 42.04 | 876200 | 6.24 | 1.40 | 1.40 | 13.87 | 13.87 |
| 2024 | 24646 | 36.92 | 36.92 | 909894 | 0.77 | 1.40 | 1.40 | 3.53 | 3.53 |
| 2023 | 25384 | 35.66 | 35.66 | 912097 | 0.42 | 1.40 | 1.40 | 8.12 | 8.12 |
| 2022 | 27831 | 32.98 | 32.98 | 923566 | 2.11 | 1.40 | 1.40 | (8.48) | (8.48) |
| 2021 | 31323 | 36.03 | 36.03 | 1134173 | 1.01 | 1.40 | 1.40 | 1.37 | 1.37 |
| MFS VIT II Global Tactical Allocation Portfolio S Class | MFS VIT II Global Tactical Allocation Portfolio S Class | MFS VIT II Global Tactical Allocation Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 1088729 | 15.49 | 28.70 | 18042795 | 5.91 | 1.35 | 2.10 | 12.79 | 13.65 |
| 2024 | 1233569 | 13.73 | 25.27 | 18043063 | 0.54 | 1.35 | 2.10 | 2.46 | 3.29 |
| 2023 | 1430361 | 14.90 | 13.40 | 20357448 | 0.15 | 1.35 | 2.10 | 7.07 | 7.88 |
| 2022 | 1615347 | 13.82 | 12.51 | 21380499 | 1.87 | 1.35 | 2.10 | (9.37) | (8.69) |
| 2021 | 1926183 | 15.13 | 13.81 | 28015483 | 0.77 | 1.35 | 2.10 | 0.44 | 1.20 |
| MFS VIT II Government Securities Portfolio I Class | MFS VIT II Government Securities Portfolio I Class | MFS VIT II Government Securities Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 29720 | 19.27 | 21.90 | 606432 | 4.79 | 1.40 | 1.40 | 5.47 | 5.54 |
| 2024 | 47920 | 18.27 | 20.75 | 909121 | 3.58 | 1.40 | 1.40 | (0.62) | (0.60) |
| 2023 | 49716 | 20.88 | 20.88 | 947892 | 1.45 | 1.40 | 1.40 | 2.71 | 2.71 |
| 2022 | 42681 | 20.33 | 17.90 | 801430 | 2.08 | 1.40 | 1.40 | (13.47) | (13.47) |
| 2021 | 45646 | 23.50 | 20.68 | 994674 | 2.14 | 1.40 | 1.40 | (3.24) | (3.24) |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT II Government Securities Portfolio S Class | MFS VIT II Government Securities Portfolio S Class | MFS VIT II Government Securities Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 628131 | 10.67 | 13.19 | 7401133 | 4.01 | 0.65 | 2.10 | 4.41 | 5.91 |
| 2024 | 718148 | 10.21 | 12.55 | 8063263 | 4.12 | 0.65 | 2.10 | (1.60) | (0.10) |
| 2023 | 741682 | 10.34 | 10.60 | 8421569 | 1.22 | 0.65 | 2.10 | 1.69 | 3.18 |
| 2022 | 739921 | 10.03 | 10.42 | 8226751 | 1.73 | 0.65 | 2.10 | (14.27) | (13.02) |
| 2021 | 841559 | 11.53 | 12.16 | 10869894 | 1.99 | 0.65 | 2.10 | (4.19) | (2.78) |
| MFS VIT II High Yield Portfolio I Class | MFS VIT II High Yield Portfolio I Class | MFS VIT II High Yield Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 27077 | 33.75 | 42.68 | 947091 | 6.64 | 1.40 | 1.40 | 7.13 | 7.14 |
| 2024 | 29911 | 31.50 | 39.84 | 974577 | 6.10 | 1.40 | 1.40 | 5.45 | 5.46 |
| 2023 | 30151 | 37.78 | 29.87 | 986214 | 5.81 | 1.40 | 1.40 | 10.86 | 10.86 |
| 2022 | 31494 | 34.08 | 26.95 | 925462 | 5.56 | 1.40 | 1.40 | (11.75) | (11.75) |
| 2021 | 35074 | 38.62 | 30.54 | 1169379 | 4.99 | 1.40 | 1.40 | 2.06 | 2.06 |
| MFS VIT II High Yield Portfolio Service Class | MFS VIT II High Yield Portfolio Service Class | MFS VIT II High Yield Portfolio Service Class |  |  |  |  |  |  |  |
| 2025 | 46343 | 13.62 | 27.58 | 1092173 | 6.52 | 1.35 | 2.10 | 6.21 | 7.02 |
| 2024 | 51083 | 12.81 | 25.80 | 1133362 | 7.09 | 1.35 | 2.10 | 4.29 | 5.11 |
| 2023 | 57277 | 13.29 | 22.39 | 1215423 | 5.59 | 1.35 | 2.10 | 10.14 | 10.97 |
| 2022 | 75182 | 19.40 | 20.33 | 1401161 | 5.17 | 1.35 | 2.10 | (12.64) | (11.98) |
| 2021 | 88806 | 22.04 | 23.27 | 1891219 | 4.74 | 1.35 | 2.10 | 0.93 | 1.69 |
| MFS VIT II Income Portfolio I Class | MFS VIT II Income Portfolio I Class | MFS VIT II Income Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 42744 | 22.91 | 22.91 | 979349 | 4.46 | 1.40 | 1.40 | 5.82 | 5.82 |
| 2024 | 35875 | 21.65 | 21.65 | 776587 | 3.94 | 1.40 | 1.40 | 1.83 | 1.83 |
| 2023 | 42678 | 21.26 | 21.26 | 880827 | 3.57 | 1.40 | 1.40 | 6.11 | 6.11 |
| 2022 | 47296 | 20.04 | 20.04 | 928408 | 3.51 | 1.40 | 1.40 | (14.90) | (14.90) |
| 2021 | 53906 | 23.55 | 23.55 | 1253794 | 3.07 | 1.40 | 1.40 | (0.92) | (0.92) |
| MFS VIT II Income Portfolio S Class | MFS VIT II Income Portfolio S Class | MFS VIT II Income Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 2190 | 18.82 | 20.08 | 43693 | 4.15 | 1.45 | 1.70 | 5.32 | 5.57 |
| 2024 | 2190 | 17.87 | 19.02 | 41413 | 4.17 | 1.45 | 1.70 | 1.13 | 1.39 |
| 2023 | 2191 | 18.76 | 17.67 | 40847 | 3.45 | 1.45 | 1.70 | 5.55 | 5.81 |
| 2022 | 2111 | 17.17 | 16.74 | 36174 | 2.90 | 1.60 | 1.70 | (15.31) | (15.22) |
| 2021 | 2257 | 20.88 | 19.77 | 45636 | 2.94 | 1.45 | 1.70 | (1.60) | (1.35) |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT II International Growth Portfolio I Class | MFS VIT II International Growth Portfolio I Class | MFS VIT II International Growth Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 6816 | 47.40 | 47.40 | 323097 | 0.91 | 1.40 | 1.40 | 19.46 | 19.46 |
| 2024 | 7439 | 39.68 | 39.68 | 295218 | 0.97 | 1.40 | 1.40 | 7.48 | 7.48 |
| 2023 | 7740 | 36.92 | 36.92 | 293512 | 1.08 | 1.40 | 1.40 | 13.14 | 13.14 |
| 2022 | 8096 | 32.63 | 32.63 | 270271 | 0.60 | 1.40 | 1.40 | (16.13) | (16.13) |
| 2021 | 8630 | 38.91 | 38.91 | 342140 | 0.51 | 1.40 | 1.40 | 7.76 | 7.76 |
| MFS VIT II International Growth Portfolio S Class | MFS VIT II International Growth Portfolio S Class | MFS VIT II International Growth Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 14505 | 22.07 | 47.23 | 350167 | 0.72 | 1.35 | 2.05 | 18.34 | 19.19 |
| 2024 | 16876 | 18.65 | 41.13 | 341352 | 0.80 | 1.35 | 2.05 | 6.51 | 7.25 |
| 2023 | 20799 | 19.73 | 17.51 | 403876 | 0.71 | 1.35 | 2.05 | 12.07 | 12.86 |
| 2022 | 29355 | 17.48 | 15.62 | 503374 | 0.37 | 1.35 | 2.05 | (16.91) | (16.32) |
| 2021 | 34989 | 20.89 | 18.80 | 716533 | 0.39 | 1.35 | 2.05 | 6.77 | 7.53 |
| MFS VIT II International Intrinsic Value Portfolio Initial Class | MFS VIT II International Intrinsic Value Portfolio Initial Class | MFS VIT II International Intrinsic Value Portfolio Initial Class |  |  |  |  |  |  |  |
| 2025 | 10942 | 85.17 | 85.17 | 931849 | 1.38 | 1.40 | 1.40 | 31.41 | 31.41 |
| 2024 | 16250 | 64.81 | 64.81 | 1053073 | 1.37 | 1.40 | 1.40 | 5.76 | 5.76 |
| 2023 | 17395 | 61.28 | 61.28 | 1070686 | 0.72 | 1.40 | 1.40 | 16.03 | 16.03 |
| 2022 | 18544 | 52.81 | 52.81 | 982960 | 0.79 | 1.40 | 1.40 | (24.61) | (24.61) |
| 2021 | 19613 | 70.06 | 70.06 | 1384233 | 0.33 | 1.40 | 1.40 | 9.03 | 9.03 |
| MFS VIT II International Intrinsic Value Portfolio Service Class | MFS VIT II International Intrinsic Value Portfolio Service Class | MFS VIT II International Intrinsic Value Portfolio Service Class |  |  |  |  |  |  |  |
| 2025 | 82084 | 27.44 | 68.45 | 2463816 | 1.29 | 1.35 | 2.05 | 30.23 | 31.16 |
| 2024 | 110859 | 21.07 | 52.23 | 2536858 | 1.22 | 1.35 | 2.05 | 4.77 | 5.52 |
| 2023 | 118936 | 22.66 | 20.11 | 2583162 | 0.47 | 1.35 | 2.05 | 14.98 | 15.79 |
| 2022 | 148278 | 19.57 | 17.49 | 2777658 | 0.51 | 1.35 | 2.05 | (25.31) | (24.78) |
| 2021 | 149057 | 26.01 | 23.41 | 3721750 | 0.14 | 1.35 | 2.05 | 8.03 | 8.79 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class |  |  |  |  |  |  |
| 2025 | 177381 | 48.80 | 61.09 | 9265821 | 0.26 | 1.40 | 1.40 | 8.37 | 8.37 |
| 2024 | 213145 | 45.03 | 56.37 | 10222212 | 0.35 | 1.40 | 1.40 | 14.64 | 14.64 |
| 2023 | 226718 | 49.17 | 39.28 | 9515219 | 0.30 | 1.40 | 1.40 | 22.30 | 22.30 |
| 2022 | 248168 | 40.20 | 32.11 | 8532865 | 0.11 | 1.40 | 1.40 | (20.37) | (20.37) |
| 2021 | 270184 | 50.49 | 40.33 | 11649099 | 0.24 | 1.40 | 1.40 | 24.23 | 24.23 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class |  |  |  |  |  |  |
| 2025 | 9433 | 55.20 | 65.28 | 602807 | 0.02 | 1.35 | 1.90 | 7.53 | 8.13 |
| 2024 | 12460 | 51.18 | 60.51 | 740243 | 0.15 | 1.35 | 1.90 | 13.76 | 14.40 |
| 2023 | 12086 | 52.77 | 50.83 | 621117 | 0.05 | 1.35 | 1.90 | 21.37 | 22.04 |
| 2022 | 15079 | 43.24 | 41.44 | 638324 |  | 1.35 | 1.90 | (20.97) | (20.53) |
| 2021 | 18318 | 54.41 | 52.44 | 980836 | 0.03 | 1.35 | 1.90 | 23.28 | 23.97 |
| MFS VIT II Research International Portfolio I Class | MFS VIT II Research International Portfolio I Class | MFS VIT II Research International Portfolio I Class |  |  |  |  |  |  |  |
| 2025 | 8540 | 33.16 | 33.16 | 283140 | 1.33 | 1.40 | 1.40 | 20.36 | 20.36 |
| 2024 | 11508 | 27.55 | 27.55 | 316992 | 1.63 | 1.40 | 1.40 | 1.66 | 1.66 |
| 2023 | 11548 | 27.10 | 27.10 | 312909 | 1.06 | 1.40 | 1.40 | 11.46 | 11.46 |
| 2022 | 11534 | 24.31 | 24.31 | 275058 | 1.85 | 1.40 | 1.40 | (18.72) | (18.72) |
| 2021 | 11978 | 29.91 | 29.91 | 360485 | 0.81 | 1.40 | 1.40 | 10.03 | 10.03 |
| MFS VIT II Research International Portfolio S Class | MFS VIT II Research International Portfolio S Class | MFS VIT II Research International Portfolio S Class |  |  |  |  |  |  |  |
| 2025 | 47635 | 24.06 | 37.09 | 1507220 | 1.25 | 1.35 | 2.05 | 19.26 | 20.13 |
| 2024 | 55598 | 20.07 | 30.88 | 1461002 | 1.55 | 1.35 | 2.05 | 0.68 | 1.41 |
| 2023 | 64199 | 30.46 | 25.01 | 1673944 | 0.78 | 1.35 | 2.05 | 10.53 | 11.31 |
| 2022 | 68259 | 27.36 | 22.63 | 1603805 | 1.64 | 1.35 | 2.05 | (19.48) | (18.91) |
| 2021 | 70022 | 33.74 | 28.10 | 2037364 | 0.67 | 1.35 | 2.05 | 9.00 | 9.77 |
| MFS VIT II U.S. Government Money Market | MFS VIT II U.S. Government Money Market | MFS VIT II U.S. Government Money Market |  |  |  |  |  |  |  |
| 2025 | 476710 | 8.39 | 10.94 | 4506449 | 3.79 | 0.65 | 2.10 | 1.68 | 3.11 |
| 2024 | 560981 | 8.25 | 10.61 | 5197295 | 5.52 | 0.65 | 2.10 | 2.61 | 4.22 |
| 2023 | 706215 | 10.18 | 8.04 | 6308022 | 4.49 | 0.65 | 2.10 | 2.41 | 3.92 |
| 2022 | 852035 | 9.80 | 7.85 | 7390577 | 1.18 | 0.65 | 2.10 | (0.94) | 0.52 |
| 2021 | 762553 | 9.75 | 7.92 | 6658158 |  | 0.65 | 2.10 | (2.09) | (0.65) |
| MFS VIT III Blended Research Small Cap Equity Portfolio | MFS VIT III Blended Research Small Cap Equity Portfolio | MFS VIT III Blended Research Small Cap Equity Portfolio |  |  |  |  |  |  |  |
| 2025 | 58863 | 26.55 | 38.20 | 1688906 | 0.79 | 0.65 | 2.05 | 3.35 | 4.80 |
| 2024 | 64925 | 25.46 | 36.45 | 1795310 | 0.86 | 0.65 | 2.10 | 2.45 | 3.96 |
| 2023 | 74131 | 35.06 | 24.85 | 1991944 | 0.55 | 0.65 | 2.10 | 16.20 | 17.90 |
| 2022 | 88353 | 29.74 | 21.39 | 2032608 | 0.50 | 0.65 | 2.10 | (20.26) | (19.09) |
| 2021 | 94350 | 36.76 | 26.82 | 2709330 | 0.67 | 0.65 | 2.10 | 26.48 | 28.33 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT III Conservative Allocation Portfolio | MFS VIT III Conservative Allocation Portfolio | MFS VIT III Conservative Allocation Portfolio |  |  |  |  |  |  |  |
| 2025 | 602414 | 19.04 | 21.69 | 12335678 | 2.59 | 1.35 | 2.10 | 7.44 | 8.23 |
| 2024 | 710748 | 17.72 | 20.04 | 13493205 | 1.83 | 1.35 | 2.10 | 3.44 | 4.21 |
| 2023 | 850063 | 19.23 | 17.13 | 15598786 | 2.63 | 1.35 | 2.10 | 7.74 | 8.55 |
| 2022 | 1030546 | 17.72 | 15.90 | 17464995 | 1.97 | 1.35 | 2.10 | (17.29) | (16.67) |
| 2021 | 1227690 | 21.26 | 19.23 | 25059389 | 2.00 | 1.35 | 2.10 | 4.47 | 5.27 |
| MFS VIT III Global Real Estate Portfolio Initial Class | MFS VIT III Global Real Estate Portfolio Initial Class | MFS VIT III Global Real Estate Portfolio Initial Class |  |  |  |  |  |  |  |
| 2025 | 854 | 28.31 | 34.11 | 26502 | 1.64 | 1.35 | 1.90 | 1.56 | 2.13 |
| 2024 | 876 | 27.72 | 33.51 | 26880 | 4.59 | 1.35 | 1.90 | (4.56) | (4.02) |
| 2023 | 1297 | 28.88 | 33.56 | 42774 | 0.81 | 1.35 | 1.90 | 9.35 | 9.96 |
| 2022 | 1483 | 26.26 | 30.69 | 44721 | 1.66 | 1.35 | 1.90 | (28.32) | (27.92) |
| 2021 | 1518 | 36.44 | 42.81 | 63257 | 1.42 | 1.35 | 1.90 | 27.66 | 28.37 |
| MFS VIT III Global Real Estate Portfolio Service Class | MFS VIT III Global Real Estate Portfolio Service Class | MFS VIT III Global Real Estate Portfolio Service Class |  |  |  |  |  |  |  |
| 2025 | 98698 | 19.78 | 23.37 | 2148827 | 1.14 | 1.35 | 2.10 | 1.12 | 1.92 |
| 2024 | 102037 | 19.47 | 22.93 | 2185810 | 1.81 | 1.35 | 2.10 | (4.96) | (4.25) |
| 2023 | 104020 | 23.95 | 20.58 | 2332687 | 0.46 | 1.35 | 2.10 | 8.89 | 9.71 |
| 2022 | 114321 | 21.83 | 18.90 | 2345117 | 1.12 | 1.35 | 2.10 | (28.66) | (28.12) |
| 2021 | 110858 | 30.36 | 26.49 | 3171391 | 1.03 | 1.35 | 2.10 | 27.16 | 28.12 |
| MFS VIT III Growth Allocation Portfolio | MFS VIT III Growth Allocation Portfolio | MFS VIT III Growth Allocation Portfolio |  |  |  |  |  |  |  |
| 2025 | 454208 | 33.62 | 38.32 | 16264213 | 1.26 | 1.35 | 2.10 | 9.51 | 10.37 |
| 2024 | 508729 | 30.70 | 34.72 | 16580912 | 1.15 | 1.35 | 2.10 | 7.72 | 8.57 |
| 2023 | 572305 | 31.98 | 28.49 | 17262442 | 2.29 | 1.35 | 2.10 | 12.63 | 13.48 |
| 2022 | 655566 | 28.18 | 25.30 | 17507780 | 1.32 | 1.35 | 2.10 | (20.20) | (19.60) |
| 2021 | 766837 | 35.05 | 31.70 | 25510699 | 1.43 | 1.35 | 2.10 | 13.13 | 13.99 |
| MFS VIT III Inflation Adjusted Bond Portfolio | MFS VIT III Inflation Adjusted Bond Portfolio | MFS VIT III Inflation Adjusted Bond Portfolio |  |  |  |  |  |  |  |
| 2025 | 448846 | 9.83 | 11.20 | 4749852 | 3.11 | 0.65 | 2.10 | 5.93 | 7.51 |
| 2024 | 484271 | 9.28 | 10.50 | 4811138 | 3.45 | 0.65 | 2.10 | (6.17) | (4.73) |
| 2023 | 511921 | 10.35 | 9.89 | 5400484 | 2.77 | 0.65 | 2.10 | 0.32 | 1.79 |
| 2022 | 555392 | 10.17 | 9.86 | 5816015 | 4.03 | 0.65 | 2.10 | (23.30) | (22.17) |
| 2021 | 576064 | 13.07 | 12.85 | 7828606 | 0.82 | 0.65 | 2.10 | (0.80) | 0.66 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT III Limited Maturity Portfolio Initial Class | MFS VIT III Limited Maturity Portfolio Initial Class | MFS VIT III Limited Maturity Portfolio Initial Class |  |  |  |  |  |  |  |
| 2025 | 688027 | 10.28 | 11.77 | 7664028 | 4.36 | 1.35 | 2.10 | 3.63 | 4.44 |
| 2024 | 743489 | 9.92 | 11.27 | 7962147 | 4.48 | 1.35 | 2.10 | 3.01 | 3.78 |
| 2023 | 780071 | 10.86 | 9.63 | 8063199 | 1.60 | 1.35 | 2.10 | 3.87 | 4.66 |
| 2022 | 883645 | 10.37 | 9.27 | 8749689 | 1.89 | 1.35 | 2.10 | (6.13) | (5.42) |
| 2021 | 1067604 | 10.97 | 9.87 | 11215348 | 2.26 | 1.35 | 2.10 | (1.94) | (1.19) |
| MFS VIT III Limited Maturity Portfolio Service Class | MFS VIT III Limited Maturity Portfolio Service Class | MFS VIT III Limited Maturity Portfolio Service Class |  |  |  |  |  |  |  |
| 2025 | 374859 | 9.82 | 11.86 | 3943378 | 4.16 | 0.65 | 2.10 | 3.26 | 4.86 |
| 2024 | 400523 | 9.51 | 11.31 | 4062979 | 3.84 | 0.65 | 2.10 | 2.81 | 4.34 |
| 2023 | 430640 | 10.84 | 9.25 | 4235913 | 1.29 | 0.65 | 2.10 | 3.57 | 5.08 |
| 2022 | 473985 | 10.32 | 8.93 | 4492812 | 1.58 | 0.65 | 2.10 | (6.23) | (4.86) |
| 2021 | 581184 | 10.85 | 9.52 | 5845782 | 2.01 | 0.65 | 2.10 | (2.27) | (0.84) |
| MFS VIT III Mid Cap Value Portfolio Initial Class | MFS VIT III Mid Cap Value Portfolio Initial Class | MFS VIT III Mid Cap Value Portfolio Initial Class |  |  |  |  |  |  |  |
| 2025 | 31663 | 35.41 | 39.11 | 1164453 | 1.06 | 1.35 | 1.90 | 3.96 | 4.54 |
| 2024 | 33289 | 34.06 | 37.41 | 1175605 | 1.37 | 1.35 | 1.90 | 11.60 | 12.21 |
| 2023 | 41209 | 33.34 | 30.52 | 1302319 | 1.73 | 1.35 | 1.90 | 10.60 | 11.21 |
| 2022 | 46172 | 29.98 | 27.60 | 1318303 | 0.98 | 1.35 | 1.90 | (10.51) | (10.01) |
| 2021 | 52229 | 33.31 | 30.84 | 1662468 | 0.78 | 1.35 | 1.90 | 28.51 | 29.22 |
| MFS VIT III Mid Cap Value Portfolio Service Class | MFS VIT III Mid Cap Value Portfolio Service Class | MFS VIT III Mid Cap Value Portfolio Service Class |  |  |  |  |  |  |  |
| 2025 | 26770 | 32.96 | 37.40 | 946959 | 0.83 | 1.35 | 2.05 | 3.58 | 4.32 |
| 2024 | 30122 | 31.82 | 35.85 | 1025560 | 1.05 | 1.35 | 2.05 | 11.18 | 12.00 |
| 2023 | 39744 | 32.01 | 28.62 | 1206065 | 1.49 | 1.35 | 2.05 | 10.10 | 10.88 |
| 2022 | 44777 | 28.87 | 25.99 | 1232218 | 0.81 | 1.35 | 2.05 | (10.86) | (10.23) |
| 2021 | 53103 | 32.16 | 29.16 | 1630465 | 0.70 | 1.35 | 2.05 | 27.94 | 28.85 |
| MFS VIT III Moderate Allocation Portfolio | MFS VIT III Moderate Allocation Portfolio | MFS VIT III Moderate Allocation Portfolio |  |  |  |  |  |  |  |
| 2025 | 2316992 | 26.24 | 29.90 | 65162653 | 2.04 | 1.35 | 2.10 | 8.65 | 9.44 |
| 2024 | 2610730 | 24.15 | 27.32 | 67319156 | 1.41 | 1.35 | 2.10 | 5.83 | 6.68 |
| 2023 | 3107195 | 25.61 | 22.82 | 75457635 | 2.41 | 1.35 | 2.10 | 10.30 | 11.13 |
| 2022 | 3485838 | 23.05 | 20.69 | 76450037 | 1.73 | 1.35 | 2.10 | (18.65) | (18.03) |
| 2021 | 3882126 | 28.12 | 25.43 | 104206605 | 1.75 | 1.35 | 2.10 | 8.93 | 9.76 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%) (1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
| MFS VIT III New Discovery Value Portfolio | MFS VIT III New Discovery Value Portfolio | MFS VIT III New Discovery Value Portfolio |  |  |  |  |  |  |  |
| 2025 | 7803 | 40.69 | 44.79 | 342856 | 1.65 | 1.35 | 1.90 | 0.94 | 1.50 |
| 2024 | 7879 | 39.34 | 44.13 | 341655 | 1.04 | 1.35 | 2.05 | 6.93 | 7.69 |
| 2023 | 10512 | 40.98 | 36.79 | 420242 | 0.89 | 1.35 | 2.05 | 8.96 | 9.73 |
| 2022 | 13664 | 37.34 | 33.76 | 499536 | 0.42 | 1.35 | 2.05 | (13.04) | (12.43) |
| 2021 | 17477 | 42.64 | 38.83 | 724099 | 0.65 | 1.35 | 2.05 | 31.15 | 32.07 |
| MFS VIT Total Return Series Initial Class | MFS VIT Total Return Series Initial Class | MFS VIT Total Return Series Initial Class |  |  |  |  |  |  |  |
| 2025 | 246138 | 20.46 | 20.46 | 5035666 | 2.76 | 1.40 | 1.40 | 9.65 | 9.65 |
| 2024 | 349111 | 18.66 | 18.66 | 6515134 | 2.47 | 1.40 | 1.40 | 6.26 | 6.26 |
| 2023 | 376551 | 17.56 | 17.56 | 6611902 | 2.04 | 1.40 | 1.40 | 8.92 | 8.92 |
| 2022 | 438426 | 16.13 | 16.13 | 7071899 | 1.73 | 1.40 | 1.40 | (10.83) | (10.83) |
| 2021 | 468248 | 18.08 | 18.08 | 8472460 | 1.80 | 1.40 | 1.40 | 12.54 | 12.54 |
| MFS VIT Total Return Series Service Class | MFS VIT Total Return Series Service Class | MFS VIT Total Return Series Service Class |  |  |  |  |  |  |  |
| 2025 | 846894 | 18.14 | 19.93 | 16255424 | 2.51 | 1.35 | 2.10 | 8.56 | 9.45 |
| 2024 | 964716 | 16.71 | 18.21 | 16965577 | 2.96 | 1.35 | 2.10 | 5.20 | 6.00 |
| 2023 | 1098724 | 17.18 | 15.88 | 18299600 | 1.83 | 1.35 | 2.10 | 7.92 | 8.74 |
| 2022 | 1180781 | 15.80 | 14.72 | 18144538 | 1.48 | 1.35 | 2.10 | (11.72) | (11.05) |
| 2021 | 1273514 | 17.76 | 16.67 | 22074051 | 1.61 | 1.35 | 2.10 | 11.46 | 12.30 |
| Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio | Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio | Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio | Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio | Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio |  |  |  |  |  |
| 2025 | 3005 | 45.16 | 51.24 | 147402 | 0.38 | 1.35 | 2.05 | 10.15 | 10.91 |
| 2024 | 3489 | 41.00 | 46.20 | 154100 |  | 1.35 | 2.05 | 38.79 | 39.83 |
| 2023 | 7775 | 33.04 | 29.54 | 244667 |  | 1.35 | 2.05 | 41.20 | 42.20 |
| 2022 | 10726 | 23.24 | 20.92 | 237093 |  | 1.35 | 2.05 | (63.72) | (63.47) |
| 2021 | 6443 | 63.61 | 57.67 | 390741 |  | 1.35 | 2.05 | (13.01) | (12.39) |
| Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio | Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio | Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio | Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio |  |  |  |  |  |  |
| 2025 | 10219 | 68.41 | 76.24 | 721225 |  | 1.35 | 2.10 | 32.58 | 33.57 |
| 2024 | 12334 | 51.60 | 57.08 | 655531 |  | 1.35 | 2.10 | 43.09 | 44.21 |
| 2023 | 16511 | 39.58 | 36.06 | 611479 |  | 1.35 | 2.10 | 45.23 | 46.33 |
| 2022 | 22005 | 27.05 | 24.83 | 561769 |  | 1.35 | 2.10 | (61.00) | (60.70) |
| 2021 | 13561 | 68.83 | 63.65 | 886590 |  | 1.35 | 2.10 | (2.24) | (1.49) |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($)(4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%)(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%)(2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%)(2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%)(3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%)(3)(4)** |
| PIMCO CommodityReal Return® Strategy Portfolio | PIMCO CommodityReal Return® Strategy Portfolio | PIMCO CommodityReal Return® Strategy Portfolio | PIMCO CommodityReal Return® Strategy Portfolio |  |  |  |  |  |  |
| 2025 | 1708 | 7.28 | 7.61 | 12608 | 2.67 | 1.35 | 1.65 | 16.67 | 17.08 |
| 2024 | 2021 | 6.16 | 6.50 | 12757 | 2.01 | 1.35 | 1.75 | 2.16 | 2.52 |
| 2023 | 2350 | 6.34 | 6.03 | 14466 | 15.90 | 1.35 | 1.75 | (9.53) | (9.17) |
| 2022 | 2388 | 6.98 | 6.67 | 16230 | 21.15 | 1.35 | 1.75 | 6.78 | 7.20 |
| 2021 | 3348 | 6.51 | 6.24 | 21237 | 3.85 | 1.35 | 1.75 | 30.79 | 31.32 |
| PIMCO VIT All Asset Portfolio Admin Class | PIMCO VIT All Asset Portfolio Admin Class | PIMCO VIT All Asset Portfolio Admin Class | PIMCO VIT All Asset Portfolio Admin Class |  |  |  |  |  |  |
| 2025 | 22038 | 18.88 | 21.14 | 447451 | 4.44 | 1.35 | 1.90 | 11.98 | 12.69 |
| 2024 | 35810 | 16.37 | 18.76 | 646495 | 6.79 | 1.35 | 2.05 | 1.61 | 2.35 |
| 2023 | 38549 | 18.33 | 16.11 | 681014 | 2.98 | 1.35 | 2.05 | 5.94 | 6.69 |
| 2022 | 40587 | 17.18 | 15.21 | 673441 | 7.61 | 1.35 | 2.05 | (13.64) | (13.03) |
| 2021 | 54625 | 19.76 | 17.61 | 1040638 | 11.19 | 1.35 | 2.05 | 13.86 | 14.67 |
| PIMCO VIT All Asset Portfolio Advisor Class | PIMCO VIT All Asset Portfolio Advisor Class | PIMCO VIT All Asset Portfolio Advisor Class | PIMCO VIT All Asset Portfolio Advisor Class | PIMCO VIT All Asset Portfolio Advisor Class |  |  |  |  |  |
| 2025 | 97367 | 14.93 | 16.52 | 1538952 | 4.50 | 1.35 | 2.05 | 11.84 | 12.61 |
| 2024 | 106349 | 13.35 | 14.67 | 1496091 | 6.28 | 1.35 | 2.05 | 1.44 | 2.16 |
| 2023 | 113076 | 14.36 | 13.16 | 1561371 | 2.82 | 1.35 | 2.05 | 5.82 | 6.57 |
| 2022 | 124880 | 13.47 | 12.44 | 1621621 | 7.55 | 1.35 | 2.05 | (13.66) | (13.05) |
| 2021 | 139926 | 15.49 | 14.40 | 2097815 | 10.95 | 1.35 | 2.05 | 13.68 | 14.48 |
| PIMCO VIT CommodityRealReturnTM Strategy Portfolio | PIMCO VIT CommodityRealReturnTM Strategy Portfolio | PIMCO VIT CommodityRealReturnTM Strategy Portfolio | PIMCO VIT CommodityRealReturnTM Strategy Portfolio | PIMCO VIT CommodityRealReturnTM Strategy Portfolio |  |  |  |  |  |
| 2025 | 140336 | 7.56 | 8.81 | 1158923 | 2.82 | 1.35 | 2.10 | 16.31 | 17.15 |
| 2024 | 167973 | 6.50 | 7.52 | 1185459 | 2.59 | 1.35 | 2.10 | 2.02 | 2.73 |
| 2023 | 176406 | 7.32 | 6.37 | 1216823 | 16.06 | 1.35 | 2.10 | (9.78) | (9.09) |
| 2022 | 179439 | 8.05 | 7.06 | 1369088 | 22.86 | 1.35 | 2.10 | 6.35 | 7.16 |
| 2021 | 254359 | 7.51 | 6.64 | 1812678 | 4.23 | 1.35 | 2.10 | 30.56 | 31.55 |
| PIMCO VIT Emerging Markets Bond Portfolio | PIMCO VIT Emerging Markets Bond Portfolio | PIMCO VIT Emerging Markets Bond Portfolio | PIMCO VIT Emerging Markets Bond Portfolio | PIMCO VIT Emerging Markets Bond Portfolio |  |  |  |  |  |
| 2025 | 12790 | 30.90 | 38.24 | 449619 | 6.91 | 1.35 | 2.10 | 12.61 | 13.47 |
| 2024 | 14364 | 27.44 | 33.70 | 446510 | 6.71 | 1.35 | 2.10 | 5.30 | 6.11 |
| 2023 | 15367 | 31.76 | 26.06 | 451530 | 5.69 | 1.35 | 2.10 | 8.83 | 9.65 |
| 2022 | 19256 | 28.97 | 23.95 | 519587 | 4.81 | 1.35 | 2.10 | (17.49) | (16.87) |
| 2021 | 21701 | 34.84 | 29.02 | 705274 | 4.48 | 1.35 | 2.10 | (4.61) | (3.89) |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($)(4)** | **Unit**<br>**Values**<br>**Highest**<br>**($)(4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%)(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%)(2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%)(2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%)(3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%)(3)(4)** |
| PIMCO VIT Global Managed Asset Allocation Portfolio | PIMCO VIT Global Managed Asset Allocation Portfolio | PIMCO VIT Global Managed Asset Allocation Portfolio | PIMCO VIT Global Managed Asset Allocation Portfolio | PIMCO VIT Global Managed Asset Allocation Portfolio |  |  |  |  |  |
| 2025 | 1442974 | 18.52 | 20.97 | 28655872 | 4.35 | 1.35 | 2.10 | 19.25 | 20.17 |
| 2024 | 1691319 | 15.53 | 17.45 | 28032529 | 3.58 | 1.35 | 2.10 | 8.45 | 9.20 |
| 2023 | 1949486 | 15.98 | 14.32 | 29706242 | 2.11 | 1.35 | 2.10 | 10.50 | 11.33 |
| 2022 | 2218858 | 14.35 | 12.96 | 30454141 | 1.88 | 1.35 | 2.10 | (20.10) | (19.49) |
| 2021 | 2416898 | 17.82 | 16.22 | 41335261 | 2.35 | 1.35 | 2.10 | 10.25 | 11.09 |
| PIMCO VIT Real Return Portfolio | PIMCO VIT Real Return Portfolio | PIMCO VIT Real Return Portfolio | PIMCO VIT Real Return Portfolio | PIMCO VIT Real Return Portfolio |  |  |  |  |  |
| 2025 | 66639 | 14.47 | 17.18 | 1061904 | 3.29 | 1.35 | 2.05 | 5.70 | 6.42 |
| 2024 | 75585 | 13.69 | 16.20 | 1133738 | 3.29 | 1.35 | 2.05 |  | 0.77 |
| 2023 | 83391 | 15.64 | 13.69 | 1250480 | 2.99 | 1.35 | 2.05 | 1.56 | 2.28 |
| 2022 | 87145 | 15.29 | 13.47 | 1282995 | 7.03 | 1.35 | 2.05 | (13.70) | (13.09) |
| 2021 | 98937 | 17.59 | 15.61 | 1679717 | 4.90 | 1.35 | 2.05 | 3.46 | 4.19 |
| PIMCO VIT StocksPLUS Global Portfolio | PIMCO VIT StocksPLUS Global Portfolio | PIMCO VIT StocksPLUS Global Portfolio | PIMCO VIT StocksPLUS Global Portfolio | PIMCO VIT StocksPLUS Global Portfolio |  |  |  |  |  |
| 2025 | 1964 | 27.13 | 28.74 | 55139 | 4.53 | 1.35 | 1.75 | 22.10 | 22.56 |
| 2024 | 2192 | 22.22 | 23.45 | 50347 | 5.10 | 1.35 | 1.75 | 11.38 | 11.83 |
| 2023 | 2431 | 20.97 | 19.95 | 50074 | 2.73 | 1.35 | 1.75 | 20.71 | 21.19 |
| 2022 | 2769 | 17.30 | 16.53 | 47186 | 1.14 | 1.35 | 1.75 | (20.20) | (19.88) |
| 2021 | 2824 | 21.59 | 20.71 | 60133 | 0.07 | 1.35 | 1.75 | 17.25 | 17.73 |
| PIMCO VIT Total Return Portfolio | PIMCO VIT Total Return Portfolio | PIMCO VIT Total Return Portfolio | PIMCO VIT Total Return Portfolio | PIMCO VIT Total Return Portfolio |  |  |  |  |  |
| 2025 | 243820 | 15.15 | 17.31 | 3938273 | 4.10 | 1.35 | 1.90 | 6.83 | 7.45 |
| 2024 | 277220 | 14.18 | 16.11 | 4181641 | 5.10 | 1.35 | 1.90 | 0.57 | 1.19 |
| 2023 | 294733 | 15.34 | 15.14 | 4420035 | 3.56 | 1.35 | 1.90 | 3.94 | 4.52 |
| 2022 | 328603 | 15.24 | 13.17 | 4728278 | 2.60 | 1.35 | 2.05 | (16.05) | (15.46) |
| 2021 | 374075 | 18.02 | 15.68 | 6391592 | 1.82 | 1.35 | 2.05 | (3.28) | (2.60) |
| Putman VT Large Cap Value Fund | Putman VT Large Cap Value Fund | Putman VT Large Cap Value Fund | Putman VT Large Cap Value Fund |  |  |  |  |  |  |
| 2025 | 12289 | 48.22 | 53.35 | 622020 | 1.43 | 1.35 | 2.05 | 17.90 | 18.74 |
| 2024 | 13790 | 40.90 | 44.93 | 589811 | 1.03 | 1.35 | 2.05 | 16.69 | 17.53 |
| 2023 | 13882 | 38.23 | 35.05 | 506346 | 1.74 | 1.35 | 2.05 | 13.31 | 14.11 |
| 2022 | 12513 | 33.50 | 30.93 | 398715 | 1.48 | 1.35 | 2.05 | (5.10) | (4.43) |
| 2021 | 14826 | 35.06 | 32.59 | 498701 | 1.20 | 1.35 | 2.05 | 24.71 | 25.59 |

---

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Subaccount** | <br>**Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($)(4)** | **Unit**<br>**Values**<br>**Highest**<br>**($)(4)** | <br>**Net**<br>**Assets ($)** | **Investment**<br>**Income**<br>**Ratios**<br>**(%)(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%)(2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%)(2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%)(3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%)(3)(4)** |
| Templeton Developing Markets VIP Fund | Templeton Developing Markets VIP Fund | Templeton Developing Markets VIP Fund | Templeton Developing Markets VIP Fund |  |  |  |  |  |  |
| 2025 | 29694 | 22.58 | 25.27 | 704662 | 0.54 | 1.35 | 1.90 | 43.46 | 44.32 |
| 2024 | 42025 | 15.73 | 17.51 | 694593 | 4.08 | 1.35 | 1.90 | 5.57 | 6.19 |
| 2023 | 51418 | 16.49 | 14.90 | 802757 | 2.08 | 1.35 | 1.90 | 10.49 | 11.11 |
| 2022 | 65711 | 14.84 | 13.48 | 923843 | 2.59 | 1.35 | 1.90 | (23.46) | (23.03) |
| 2021 | 60484 | 19.28 | 17.62 | 1108643 | 0.87 | 1.35 | 1.90 | (7.53) | (7.01) |
| Templeton Foreign VIP Fund | Templeton Foreign VIP Fund | Templeton Foreign VIP Fund | Templeton Foreign VIP Fund |  |  |  |  |  |  |
| 2025 | 165539 | 19.96 | 27.23 | 4263361 | 2.29 | 1.35 | 2.10 | 26.49 | 27.48 |
| 2024 | 199380 | 15.69 | 21.44 | 4028624 | 2.90 | 1.35 | 2.10 | (3.07) | (2.34) |
| 2023 | 211419 | 19.69 | 20.21 | 4388407 | 3.17 | 1.35 | 2.10 | 18.24 | 19.14 |
| 2022 | 248465 | 16.53 | 17.10 | 4337124 | 2.97 | 1.35 | 2.10 | (9.53) | (8.85) |
| 2021 | 287167 | 18.13 | 18.90 | 5499879 | 1.80 | 1.35 | 2.10 | 1.98 | 2.76 |
| Templeton Growth VIP Fund | Templeton Growth VIP Fund | Templeton Growth VIP Fund | Templeton Growth VIP Fund |  |  |  |  |  |  |
| 2025 | 19650 | 22.31 | 34.64 | 620639 | 0.89 | 1.35 | 2.05 | 21.31 | 22.19 |
| 2024 | 22641 | 18.30 | 28.35 | 587980 | 1.08 | 1.35 | 2.05 | 3.24 | 3.96 |
| 2023 | 25295 | 27.27 | 23.45 | 635869 | 3.31 | 1.35 | 2.05 | 18.55 | 19.39 |
| 2022 | 29013 | 22.84 | 19.78 | 614030 | 0.16 | 1.35 | 2.05 | (13.31) | (12.69) |
| 2021 | 32512 | 26.16 | 22.82 | 791023 | 1.11 | 1.35 | 2.05 | 2.73 | 3.46 |

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(1) The investment income ratios represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying 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 result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccount invests.

(2) The expense ratios represent the annualized contract expenses of the Separate Account for each period indicated. The ratios include only those expenses that result in a direct reduction of unit values. Charges made directly to contract owner contracts through the redemption of units and expenses of the Fund have been excluded.

(3) These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. The total return is calculated for the period indicated or from the inception date through the end of the reporting period.

Delaware Life NY Variable Account C - Regatta

Notes to Financial Statements (continued)

**Note 7. Financial Highlights (continued)**

(4) Unit value information is calculated on a daily basis regardless of whether or not the subaccount has contract holders.

**Note 8. Subsequent Events**

The Separate Account has performed an evaluation of subsequent events through the date the financial statements were issued and has determined that no items require recognition or disclosure.

![](tm2610770d12_acgatta-09img01.jpg)

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| |
|:---|
| KPMG LLP |
| Two Manhattan West |
| 375 9th Avenue, 17th Floor |
| New York, NY 10001 |

---

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Nassau Life Insurance Company and Contract

Owners of Delaware Life NY Variable Account C - Regatta:

*Opinion on the Financial Statements*

We have audited the accompanying statements of net assets of the subaccounts listed in the Appendix that comprise Delaware Life NY Variable Account C - Regatta (the Separate Account) as of December 31, 2025, the related statements of operations and change in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights in Note 7 for each of the years in the five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each subaccount as of December 31, 2025, the results of their operations and changes in their net assets for each of the years in the two-year period then ended (or for the period indicated in the Appendix), and the financial highlights for each of the years in the five-year period then ended (or for the period indicated in the Appendix), in conformity with U.S. generally accepted accounting principles.

*Basis for Opinion*

These financial statements and financial highlights are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on these financial statements and financial highlights 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 and financial highlights 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 and financial highlights, 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 and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the transfer agents of the underlying mutual funds. 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 and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more Nassau Insurance Group Holdings' separate accounts since 2015.

New York, New York

April 14, 2026

KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of <br> the KPMG global organization of independent member firms affiliated with KPMG <br> International Limited, a private English company limited by guarantee.

**Appendix**

<u>Delaware Life NY Variable Account C – Regatta</u>

AB VPS Balanced Hedged Allocation Portfolio

AB VPS Discovery Value Portfolio

AB VPS Dynamic Asset Allocation Portfolio

AB VPS International Value Portfolio

BlackRock Global Allocation V.I. Fund

Columbia CTIVP – Principal Large Cap Growth Fund Class 2 <sup>(1)</sup>

Columbia Variable Portfolio – Acorn Fund <sup>(1)</sup>

Columbia Variable Portfolio - Large Cap Growth Fund Class 2

Columbia Variable Portfolio - Overseas Core Fund

Fidelity VIP Balanced Portfolio

Fidelity VIP Contrafund Portfolio

Fidelity VIP Freedom 2010 Portfolio

Fidelity VIP Freedom 2015 Portfolio

Fidelity VIP Freedom 2020 Portfolio

Fidelity VIP Mid Cap Portfolio

First Eagle Overseas Variable Fund

Franklin Income VIP Fund

Franklin Mutual Shares VIP Fund

Franklin Templeton Allocation VIP Fund

Franklin Templeton Global Bond VIP Fund

Franklin Templeton Income VIP Fund

Franklin Templeton Small Cap Value VIP Fund Class 2

Franklin Templeton Small Cap Value VIP Fund Class 4

Franklin Templeton Strategic Income VIP Fund Class 2

Franklin Templeton Strategic Income VIP Fund Class 4

Invesco V.I. American Value Fund

Invesco V.I. Comstock Fund

Invesco V.I. Discovery Large Cap Fund <sup>(1)</sup>

Invesco V.I. Conservative Balanced Fund

Invesco V.I. Equity and Income Fund

Invesco V.I. EQV International Equity Fund

Invesco V.I. Global Fund

Invesco V.I. Main Street Fund

Invesco V.I. Main Street Small Cap Fund®

Lazard Retirement Emerging Markets Equity Portfolio

Lord Abbett Series Fund - Growth Opportunities Portfolio VC

Lord Abbett Series Fund- Fundamental Equity Portfolio VC

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan U.S. Equity Fund

MFS U.S. Government Money Market Portfolio

MFS VIT I Growth Series Initial Class

MFS VIT I Growth Series Service Class

MFS VIT I Mid Cap Growth Series

MFS VIT I New Discovery Series Initial Class

MFS VIT I New Discovery Series Service Class

MFS VIT I Research Series

MFS VIT I Total Return Bond Series

MFS VIT I Utilities Series Initial Class

MFS VIT I Utilities Series Service Class

MFS VIT I Value Series Initial Class

MFS VIT I Value Series Service Class

MFS VIT II Blended Research Core Equity Portfolio I Class

MFS VIT II Blended Research Core Equity Portfolio S Class

MFS VIT II Core Equity Portfolio I Class

MFS VIT II Core Equity Portfolio S Class

MFS VIT II Corporate Bond Portfolio I Class

MFS VIT II Corporate Bond Portfolio S Class

MFS VIT II Emerging Markets Equity Portfolio I Class

MFS VIT II Emerging Markets Equity Portfolio S Class

MFS VIT II Global Governments Portfolio I Class

MFS VIT II Global Governments Portfolio S Class

MFS VIT II Global Growth Portfolio I Class

MFS VIT II Global Growth Portfolio S Class

MFS VIT II Global Research Portfolio I Class

MFS VIT II Global Research Portfolio S Class

MFS VIT II Global Tactical Allocation Portfolio I Class

MFS VIT II Global Tactical Allocation Portfolio S Class

MFS VIT II Government Securities Portfolio I Class

MFS VIT II Government Securities Portfolio S Class

MFS VIT II High Yield Portfolio I Class

MFS VIT II High Yield Portfolio Service Class

MFS VIT II Income Portfolio I Class

MFS VIT II Income Portfolio S Class

MFS VIT II International Growth Portfolio I Class

MFS VIT II International Growth Portfolio S Class

MFS VIT II International Intrinsic Value Portfolio Initial Class

MFS VIT II International Intrinsic Value Portfolio Service Class

MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class

MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class

MFS VIT II Research International Portfolio I Class

MFS VIT II Research International Portfolio S Class

MFS VIT II U.S. Government Money Market

MFS VIT III Blended Research Small Cap Equity Portfolio

MFS VIT III Conservative Allocation Portfolio

MFS VIT III Global Real Estate Portfolio Initial Class

MFS VIT III Global Real Estate Portfolio Service Class

MFS VIT III Growth Allocation Portfolio

MFS VIT III Inflation Adjusted Bond Portfolio

MFS VIT III Limited Maturity Portfolio Initial Class

MFS VIT III Limited Maturity Portfolio Service Class

MFS VIT III Mid Cap Value Portfolio Initial Class

MFS VIT III Mid Cap Value Portfolio Service Class

MFS VIT III Moderate Allocation Portfolio

MFS VIT III New Discovery Value Portfolio

MFS VIT Total Return Series Initial Class

MFS VIT Total Return Series Service Class

Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio

Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio

PIMCO CommodityReal Return® Strategy Portfolio

PIMCO VIT All Asset Portfolio Admin Class

PIMCO VIT All Asset Portfolio Advisor Class

PIMCO VIT CommodityRealReturnTM Strategy Portfolio

PIMCO VIT Emerging Markets Bond Portfolio

PIMCO VIT Global Managed Asset Allocation Portfolio

PIMCO VIT Real Return Portfolio

PIMCO VIT StocksPLUS Global Portfolio

PIMCO VIT Total Return Portfolio

Putman VT Large Cap Value Fund

Templeton Developing Markets VIP Fund

Templeton Foreign VIP Fund

Templeton Growth VIP Fund

<sup>(1)</sup> See Note 2 to the financial statements for the former name of the subaccount.