Table of Contents

Delaware Life Variable Account G

Financial Statements as of and for the Year Ended December 31, 2023 and

Report of Independent Registered Public Accounting Firm


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

Index

December 31, 2023

 

 

     Page(s)  

Report of Independent Registered Public Accounting Firm

     1-4  

Financial Statements

  

Statement of Assets and Liabilities

     5-11  

Statements of Operations

     12-53  

Statements of Changes in Net Assets

     54-115  

Notes to the Financial Statements

     116-148  


Table of Contents

Report of Independent Registered Public Accounting Firm

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

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the Sub-Accounts listed in the Appendix that comprise Delaware Life Variable Account G (the Separate Account), as of December 31, 2023, the related statements of operations and changes in net assets for the periods indicated in the Appendix, and the related notes (collectively, the financial statements) and the financial highlights for each of the years or periods in the three-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Sub-Accounts as of December 31, 2023, the results of their operations and changes in their net assets for the periods indicated in the Appendix, and the financial highlights for each of the years or periods in the three-year period then ended, in conformity with U.S. generally accepted accounting principles. The financial highlights for each of the years or periods ended on or prior to December 31, 2020 were audited by other independent registered public accountants whose report, dated April 28, 2021, expressed an unqualified opinion on those financial highlights.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Sub-Accounts’ 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 Sub-Accounts in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements 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, 2023, by correspondence with the transfer agent of the underlying mutual funds; when replies were not received from the transfer agent, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of Delaware Life Insurance Company’s Separate Accounts since 2021.

Hartford, Connecticut

April 23, 2024


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Appendix

AB VPS Sustainable Global Thematic Portfolio (Class B) Sub-Account (A70) (1)

AB VPS Relative Value Portfolio (Class B) Sub-Account (A71) (1) (2)

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

AB VPS International Value Portfolio (Class A) Sub-Account (IVP) (1)

AB VPS Small Cap Growth Portfolio (Class B) Sub-Account (A19) (1)

AB VPS Discovery Value Portfolio (Class A) Sub-Account (ASM) (1) (3)

Alger Mid Cap Growth Portfolio I-2 Sub-Account (A54) (1)

Alger Small Cap Growth Portfolio I-2 Sub-Account (A51) (1)

American Funds Insurance Series Washington Mutual Investors Fund Class 2 Sub-Account (308) (1)

American Funds Insurance Series The Bond Fund of America Class 2 Sub-Account (301) (1)

American Funds Insurance Series Global Growth Fund Class 2 Sub-Account (304) (1)

American Funds Insurance Series Capital World Growth and Income Fund Class 2 Sub-Account (309) (1)

American Funds Insurance Series Global Small Capitalization Fund Class 2 Sub-Account (306) (1)

American Funds Insurance Series Growth Fund Class 2 Sub-Account (303) (1)

American Funds Insurance Series Growth Income Fund Class 2 Sub-Account (302) (1)

American Funds Insurance Series American High-Income Trust Class 2 Sub-Account (305) (1)

American Funds Insurance Series International Fund Class 2 Sub-Account (300) (1)

BlackRock Global Allocation V.I. Fund (Class I) Sub-Account (BLG) (1)

BlackRock Advantage SMID Cap V.I. Fund (Class I) Sub-Account (MSV) (1)

CTIVP—Loomis Sayles Growth Fund Class 1 Sub-Account (C89) (1)

LVIP Delaware U.S. REIT Fund Standard Class Sub-Account (DRS) (1) (4)

Delaware VIP Small Cap Value Series (Standard Class) Sub-Account (DSV) (1)

LVIP Delaware SMID Cap Core Fund—Standard Class Sub-Account (D37) (1)

DWS CROCI U.S. VIP Class A Sub-Account (001) (1)

DWS Small Cap Index VIP Class A Sub-Account (SSI) (1)

DWS Small Cap Index VIP Class B Sub-Account (D55) (1)

DWS Small Mid Cap Value VIP Class A Sub-Account (S61) (1)

BNY Mellon Investment Portfolios: MidCap Stock Portfolio, Initial Shares Sub-Account (D18) (1)

BNY Mellon Investment Portfolios: Technology Growth Portfolio, Initial Shares Sub-Account (DTG) (1)

BNY Mellon Stock Index Fund Inc., Initial Shares Sub-Account (DSI) (1)

BNY Mellon Variable Investment Fund: Appreciation Portfolio, Initial Shares Sub-Account (DCA) (1)

BNY Mellon Variable Investment Fund: Opportunistic Small Cap Portfolio, Initial Shares Sub-Account

(DSC) (1)

BNY Mellon Variable Investment Fund: Growth and Income Portfolio, Initial Shares Sub-Account (DGI) (1)

Fidelity VIP Balanced I Class Sub-Account (FVI) (1)

Fidelity VIP Contrafund Portfolio (Initial Class) Sub-Account (FCN) (1)

Fidelity VIP Contrafund Portfolio (Service Class 2) Sub-Account (F24) (1)

Fidelity VIP Equity-Income Portfolio (Initial Class) Sub-Account (FEI) (1)

Fidelity VIP Freedom 2015 Portfolio (Initial Class) Sub-Account (FF1) (1)

Fidelity VIP Freedom 2020 Portfolio (Initial Class) Sub-Account (FF2) (1)

Fidelity VIP Freedom 2030 Portfolio (Initial Class) Sub-Account (FF3) (1)

Fidelity VIP Growth & Income Portfolio (Initial Class) Sub-Account (FVG) (1)

Fidelity VIP Growth Portfolio (Initial Class) Sub-Account (FGP) (1)


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Fidelity VIP Growth Portfolio (Service Class 2) Sub-Account (F99) (1)

Fidelity VIP High Income Portfolio (Initial Class) Sub-Account (FHI) (1)

Fidelity VIP Index 500 Portfolio (Initial Class) Sub-Account (FIP) (1)

Fidelity VIP Investment Grade Bond Portfolio (Initial Class) Sub-Account (FIG) (1)

Fidelity VIP Mid Cap Portfolio (Initial Class) Sub-Account (FMC) (1)

Fidelity VIP Government Money Market Portfolio (Service Class) Sub-Account (FM8) (1)

Fidelity VIP Overseas Portfolio (Initial Class) Sub-Account (FOF) (1)

Fidelity VIP Overseas Portfolio (Service Class 2) Sub-Account (F91) (1)

First Eagle Overseas Variable Fund Sub-Account (FE3) (1)

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

Franklin Templeton Foreign VIP Fund Class 2 Sub-Account (T20) (1)

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

Franklin Templeton Growth VIP Fund Class 2 Sub-Account (F56) (1)

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

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

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

Goldman Sachs VIT U.S Equity Insights Fund I Class Sub-Account (G31) (1)

Invesco V.I. American Franchise Fund Series I Sub-Account (V15) (1)

Invesco V.I. Comstock Fund Series I Sub-Account (VCP) (1)

Invesco V.I. Core Equity Fund I Sub-Account (A39) (1)

Invesco V.I. Growth and Income Fund Series I Sub-Account (IB1) (1)

Invesco V.I. EQV International Equity Fund Series I Sub-Account (A21) (1)

Invesco V.I. Main Street Mid Cap Fund—Series I Sub-Account (A22) (1)

Invesco V.I. Small Cap Equity Fund I Sub-Account (I76) (1)

Janus Henderson VIT Mid Cap Value Portfolio Institutional Class Sub-Account (MVP) (1)

LVIP JPMorgan Core Bond Fund Standard Class Sub-Account (JM7) (1) (5)

LVIP JPMorgan Small Cap Core Fund Standard Class Sub-Account (J43) (1) (6)

LVIP JPMorgan U.S. Equity Fund Standard Class Sub-Account (J32) (1) (7)

Lazard Retirement Emerging Markets Equity Portfolio Investor Class Sub-Account (LRI) (1)

MFS U.S. Government Money Market Portfolio Initial Class Sub-Account (MD8) (1)

MFS VIT Total Return Series Initial Class Sub-Account (M07) (1)

MFS VIT Total Return Series Service Class Sub-Account (M35) (1)

MFS VIT I Growth Series Initial Class Sub-Account (M31) (1)

MFS VIT I Growth Series Service Class Sub-Account (M80) (1)

MFS VIT I Mid Cap Growth Series Initial Class Sub-Account (MF1) (1)

MFS VIT I Mid Cap Growth Series Service Class Sub-Account (M41) (1)

MFS VIT I New Discovery Series Service Class Sub-Account (M42) (1)

MFS VIT I Total Return Bond Series Initial Class Sub-Account (M06) (1)

MFS VIT I Research Series Initial Class Sub-Account (M33) (1)

MFS VIT I Utilities Series Initial Class Sub-Account (M44) (1)

MFS VIT I Utilities Series Service Class Sub-Account (M40) (1)

MFS VIT I Value Series Initial Class Sub-Account (M83) (1)

MFS VIT I Value Series Service Class Sub-Account (M08) (1)

MFS VIT II Blended Research Core Equity Portfolio S Class Sub-Account (MB7) (1)

MFS VIT II Corporate Bond Portfolio I Class Sub-Account (MC0) (1)


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MFS VIT II Corporate Bond Portfolio S Class Sub-Account (MA0) (1)

MFS VIT II Core Equity Portfolio S Class Sub-Account (MC1) (1)

MFS VIT II Emerging Markets Equity Portfolio I Class Sub-Account (MC3) (1)

MFS VIT II Global Growth Portfolio I Class Sub-Account (MC6) (1)

MFS VIT II Global Research Portfolio S Class Sub-Account (MC9) (1)

MFS VIT II Government Securities Portfolio I Class Sub-Account (M96) (1)

MFS VIT II Government Securities Portfolio S Class Sub-Account (MD2) (1)

MFS VIT II High Yield Portfolio I Class Sub-Account (MA6) (1)

MFS VIT II High Yield Portfolio Service Class Sub-Account (MA3) (1)

MFS VIT II International Growth Portfolio I Class Sub-Account (M97) (1)

MFS VIT II International Growth Portfolio S Class Sub-Account (MD5) (1)

MFS VIT II International Intrinsic Value Portfolio Initial Class Sub-Account (M98) (1)

MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class Sub-Account (MD6) (1)

MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class Sub-Account (MB3) (1)

MFS VIT II Research International Portfolio I Class Sub-Account (ME2) (1)

MFS VIT II Income Portfolio S Class Sub-Account (MA7) (1)

MFS VIT III Blended Research Small Cap Equity Portfolio Initial Class Sub-Account (MB8) (1)

MFS VIT III Global Real Estate Portfolio Initial Class Sub-Account (MF6) (1)

MFS VIT III Limited Maturity Portfolio Initial Class Sub-Account (MF2) (1)

MFS VIT III Mid Cap Value Portfolio Initial Class Sub-Account (MG3) (1)

Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio Class I Sub-Account (VMG) (1)

Neuberger Berman AMT Mid-Cap Growth Portfolio Class I Sub-Account (NMC) (1)

Neuberger Berman AMT Sustainable Equity Portfolio Class I Sub-Account (NSE) (1)

Invesco V.I. Capital Appreciation Fund, Series I Sub-Account (O01) (1)

Invesco V.I. Discovery Mid Cap Growth Fund, Series I Sub-Account (O00) (1)

Invesco V.I. Global Fund, Series I Sub-Account (OGS) (1)

Invesco V.I. Main Street Small Cap Fund, Series I Sub-Account (OSC) (1)

PIMCO VIT CommodityRealReturnTM Strategy Portfolio Admin Class Sub-Account (P10) (1)

PIMCO VIT Emerging Markets Bond Portfolio Admin Class Sub-Account (PK8) (1)

PIMCO VIT Real Return Portfolio Admin Class Sub-Account (P06) (1)

PIMCO VIT Total Return Portfolio Admin Class Sub-Account (P07) (1)

Royce Capital Fund - Small-Cap Portfolio Investment Class Sub-Account (SCP) (1)

Rydex VT Nasdaq-100 Fund Sub-Account (R03) (8)

T. Rowe Price Blue Chip Growth Portfolio Sub-Account (307) (1)

T. Rowe Price Equity Income Portfolio Sub-Account (REI) (1)

T. Rowe Price All-Cap Opportunities Portfolio Sub-Account (RNA) (1)

Wanger Acorn Sub-Account (W42) (1)

 

(1)

Statement of assets and liabilities as of December 31, 2023, the related statement of operations for the year then ended, the statements of changes in 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 three-year period then ended. Financial highlights for the years or periods ended on or prior to December 31, 2020 were audited by other independent registered public accountants. 

(2)

Formerly AB VPS Growth and Income Portfolio (Class B).

(3)

Formerly AB VPS Small/Mid Cap Value Portfolio (Class A).

(4)

Formerly LVIP Delaware REIT Fund-Standard Class.

(5)

Formerly JPMorgan Insurance Trust Core Bond Portfolio Class 1.

(6)

Formerly JPMorgan Insurance Trust Small Cap Core Portfolio Class 1. (7) Formerly JPMorgan Insurance Trust U.S. Equity Portfolio Class 1.

(8)

Statements of operations for the year ended December 31, 2023, and the statements of changes in net assets for each of the years in the two-year period then ended. 


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES

DECEMBER 31, 2023

 

 

            Assets      Liabilities         
     Shares      Cost      Investments at fair
value
     Total Assets      Payable to
Sponsor
     Net Assets  

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

     —       $ 13      $ 13      $ 13      $ —       $ 13  

AB VPS Relative Value Portfolio (Class B) Sub-Account (A71) ²

     27,923        785,563        803,625        803,625        1,040        802,585  

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

     92,115        1,777,699        1,596,351        1,596,351        937        1,595,414  

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

     291        4,004        4,308        4,308        18        4,290  

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

     28,155        328,891        224,397        224,397        456        223,941  

AB VPS Discovery Value Portfolio (Class A) Sub-Account (ASM) ²

     2,181        37,490        38,621        38,621        111        38,510  

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

     48,704        1,128,896        820,669        820,669        7        820,662  

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

     23,794        568,411        393,319        393,319        604        392,715  

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

     187,227        2,514,515        2,660,490        2,660,490        1,531        2,658,959  

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

     199,740        2,193,322        1,877,560        1,877,560        1,623        1,875,937  

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

     16,249        583,381        543,352        543,352        998        542,354  

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

     1,402        19,366        19,366        19,366        91        19,275  

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

     27,386        583,193        479,248        479,248        788        478,460  

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

     4,758        473,845        467,214        467,214        1,508        465,706  

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

     8,260        446,055        481,567        481,567        314        481,253  

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

     15,174        130,973        132,472        132,472        1        132,471  

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

     1,015,262        20,216,135        17,675,705        17,675,705        31,986        17,643,719  

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

     41,089        703,843        670,157        670,157        7,414        662,743  

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

     30,064        701,457        636,758        636,758        568        636,190  

CTIVP - Loomis Sayles Growth Fund Class 1 Sub-Account (C89)

     124        5,763        7,295        7,295        38        7,257  

Columbia Variable Portfolio - Overseas Core Fund Class 2 Sub-Account (C58) 1

     —         —         —         —         —         —   

LVIP Delaware U.S. REIT Fund Standard Class Sub-Account (DRS) ²

     161,440        2,041,441        2,125,524        2,125,524        3,346        2,122,178  

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

     102,707        3,415,979        3,942,905        3,942,905        4,173        3,938,732  

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

     71,422        1,609,463        1,825,614        1,825,614        1,748        1,823,866  

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

     —         4        4        4        —         4  

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

     60,063        873,162        818,663        818,663        915        817,748  

DWS Small Cap Index VIP Class B Sub-Account (D55)

     145,559        2,012,948        1,982,507        1,982,507        489        1,982,018  

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

     1        12        12        12        —         12  

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

     32,264        601,306        602,699        602,699        668        602,031  

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

     48,329        1,613,491        1,353,686        1,353,686        1,271        1,352,415  

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

     1,600,981        90,460,187        110,595,744        110,595,744        79,914        110,515,830  

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

     161,915        6,318,499        5,670,265        5,670,265        50        5,670,215  

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

     699        28,966        29,293        29,293        80        29,213  

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

     2,215        65,874        71,593        71,593        111        71,482  

Fidelity VIP Balanced I Class Sub-Account (FVI)

     31,893        632,954        711,859        711,859        1,026        710,833  

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

     222,959        8,352,522        10,842,489        10,842,489        4,605        10,837,884  

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

     11,872        453,761        555,957        555,957        3,206        552,751  

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

     375,088        8,405,908        9,320,944        9,320,944        3,913        9,317,031  

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

     33,487        454,110        384,763        384,763        291        384,472  

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

     79,758        1,119,211        996,971        996,971        296        996,675  

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

     211,472        3,323,159        3,248,215        3,248,215        863        3,247,352  

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

     11,976        274,805        323,843        323,843        250        323,593  

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

     14,624        1,152,168        1,361,537        1,361,537        1,824        1,359,713  

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

     70,017        5,986,520        6,295,936        6,295,936        7,544        6,288,392  

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

     52,322        264,583        240,683        240,683        810        239,873  

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

     104        29,265        48,009        48,009        44        47,965  

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

     2,726,815        35,391,517        30,458,523        30,458,523        24,171        30,434,352  

 

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

 

- 5 -


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DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023

 

 

            Assets      Liabilities         
     Shares      Cost      Investments at fair
value
     Total Assets      Payable to
Sponsor
     Net Assets  

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

     69,493      $ 2,462,275      $ 2,532,338      $ 2,532,338      $ 1,726      $ 2,530,612  

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

     38,106,890        38,106,890        38,106,890        38,106,890        23,418        38,083,472  

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

     13,472        346,657        347,850        347,850        605        347,245  

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

     10,024        230,898        255,703        255,703        1,536        254,167  

First Eagle Overseas Variable Fund Sub-Account (FE3)

     25,467        616,109        575,547        575,547        514        575,033  

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

     14,710        182,666        214,325        214,325        560        213,765  

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

     60,760        830,935        865,229        865,229        1,247        863,982  

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

     396,481        4,724,697        4,860,858        4,860,858        1,627        4,859,231  

Franklin Templeton Growth VIP Fund Class 2 Sub-Account (F56)

     9        104        112        112        37        75  

Franklin Templeton Mutual Shares VIP Fund Class 1 Sub-Account (FSS) ³

     —         —         —         —         —         —   

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

     602        12,794        10,267        10,267        37        10,230  

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

     5,699        76,863        74,141        74,141        —         74,141  

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

     3,887        83,547        75,918        75,918        2,422        73,496  

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

     60,389        3,392,720        3,560,522        3,560,522        3,452        3,557,070  

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

     62,316        1,100,023        1,225,747        1,225,747        1,200        1,224,547  

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

     7,389        227,305        216,419        216,419        370        216,049  

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

     179,302        3,392,781        3,381,637        3,381,637        1,731        3,379,906  

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

     12,079        439,545        411,785        411,785        343        411,442  

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

     49,051        497,181        480,211        480,211        1,566        478,645  

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

     5,037        88,703        86,642        86,642        23        86,619  

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

     12,294        190,788        215,510        215,510        450        215,060  

LVIP JPMorgan Core Bond Fund Standard Class Sub-Account (JM7) ²

     331,564        3,725,387        3,274,197        3,274,197        110        3,274,087  

LVIP JPMorgan Small Cap Core Fund Standard Class Sub-Account (J43) ²

     804        19,750        15,956        15,956        55        15,901  

LVIP JPMorgan U.S. Equity Fund Standard Class Sub-Account (J32) ²

     14,730        442,894        554,228        554,228        316        553,912  

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

     165,294        3,209,844        3,403,406        3,403,406        2,530        3,400,876  

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

     109,326,187        109,326,187        109,326,187        109,326,187        512,835        108,813,352  

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

     221,219        5,239,713        5,145,542        5,145,542        2,244        5,143,298  

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

     121,901        2,794,224        2,764,715        2,764,715        11,309        2,753,406  

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

     19,153        944,651        1,154,751        1,154,751        148        1,154,603  

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

     14,955        860,473        832,721        832,721        1,811        830,910  

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

     333,114        3,207,594        2,854,789        2,854,789        3,575        2,851,214  

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

     22,858        146,739        169,607        169,607        1,054        168,553  

MFS VIT I New Discovery Series Initial Class Sub-Account (M05) ³

     —         —         —         —         —         —   

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

     4,873        45,630        49,215        49,215        353        48,862  

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

     272,009        3,482,329        3,182,508        3,182,508        24,713        3,157,795  

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

     10        326        330        330        54        276  

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

     21,447        681,165        691,652        691,652        1,136        690,516  

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

     802        24,294        25,297        25,297        21        25,276  

MFS VIT I Value Series Initial Class Sub-Account (M83)

     498,480        10,330,100        10,602,662        10,602,662        9,741        10,592,921  

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

     71,371        1,497,099        1,478,092        1,478,092        6,287        1,471,805  

MFS VIT II Blended Research Core Equity Portfolio I Class Sub-Account (MB6) ³

     —         —         —         —         —         —   

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

     4,787        246,001        261,649        261,649        654        260,995  

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

     738,179        8,411,937        7,020,086        7,020,086        3,995        7,016,091  

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

     10,340        94,596        96,889        96,889        2,015        94,874  

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

     72,664        1,925,512        1,972,826        1,972,826        1,839        1,970,987  

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

     32,340        490,970        402,953        402,953        656        402,297  

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

     41,088        1,095,912        1,111,025        1,111,025        1,009        1,110,016  

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

     84,585        2,659,584        2,673,727        2,673,727        2,684        2,671,043  

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

     654,508        8,267,617        7,114,507        7,114,507        2,201        7,112,306  

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

     —         2        2        2        —         2  

 

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

 

- 6 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023

 

 

            Assets      Liabilities         
     Shares      Cost      Investments at fair
value
     Total Assets      Payable to
Sponsor
     Net Assets  

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

     562,314      $ 2,963,523      $ 2,811,571      $ 2,811,571      $ 817      $ 2,810,754  

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

     15,825        77,472        78,175        78,175        288        77,887  

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

     153,763        2,071,782        2,255,708        2,255,708        2,292        2,253,416  

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

     18,876        259,819        272,381        272,381        1,470        270,911  

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

     162,343        4,643,703        4,772,892        4,772,892        4,671        4,768,221  

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

     1,392        30,396        31,491        31,491        34        31,457  

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

     12,891        251,298        284,891        284,891        1,780        283,111  

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

     167,739        2,806,098        2,831,440        2,831,440        1,181        2,830,259  

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

     2,747        22,273        22,853        22,853        144        22,709  

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

     235,435        2,325,846        2,356,709        2,356,709        26        2,356,683  

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

     474,893        6,583,811        6,211,600        6,211,600        4,214        6,207,386  

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

     1,488,644        15,191,948        14,841,783        14,841,783        5,164        14,836,619  

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

     325,865        2,817,614        3,203,252        3,203,252        1,907        3,201,345  

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

     26,777        110,751        122,905        122,905        89        122,816  

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

     1,617        48,524        43,051        43,051        185        42,866  

Neuberger Berman AMT Short Duration Bond Portfolio Class I Sub-Account (NLM) 1

     —         —         —         —         —         —   

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

     495        13,393        16,517        16,517        55        16,462  

Invesco V.I. Capital Appreciation Fund, Series I Sub-Account (O01)

     45,700        2,309,898        2,151,105        2,151,105        67        2,151,038  

Invesco V.I. Discovery Mid Cap Growth Fund, Series I Sub-Account (O00)

     2,085        148,119        130,963        130,963        222        130,741  

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

     82,828        3,217,579        3,028,179        3,028,179        6,335        3,021,844  

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

     74,293        1,760,345        1,999,233        1,999,233        1,196        1,998,037  

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

     194,275        1,257,512        1,039,372        1,039,372        1,479        1,037,893  

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

     61,709        748,170        651,032        651,032        636        650,396  

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

     1,244,270        15,302,765        14,396,198        14,396,198        6,217        14,389,981  

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

     3,810,214        40,484,413        34,977,764        34,977,764        28,449        34,949,315  

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

     147,710        1,260,392        1,416,540        1,416,540        2,546        1,413,994  

Rydex VT Nova Fund Sub-Account (R02) 1

     —         —         —         —         —         —   

Rydex VT Nasdaq-100 Fund Sub-Account (R03) ³

     —         —         —         —         —         —   

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

     424,269        18,221,958        19,596,970        19,596,970        16,927        19,580,043  

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

     103,912        2,840,054        2,884,607        2,884,607        3,424        2,881,183  

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

     1,554        50,833        53,465        53,465        244        53,221  

Wanger Acorn Sub-Account (W42)

     2,388        27,920        31,838        31,838        100        31,738  

 

1

This sub-account is active but had zero balance as of December 31, 2023, and no activity for the years ended December 31, 2023 and 2022, respectively. Therefore, this sub-account is not disclosed in the Statements of Operations and Statements of Changes in Net Assets. Refer to Note 9 in the Variable Account’s Notes to Financial Statements for more information.

2

This Sub-Account had a name change in 2023. Refer to Note 1 in the Variable Account’s Notes to Financial Statements for more information.

3

This sub-account is active but had zero balance as of December 31, 2023.

 

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

 

- 7 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023

 

 

     Units      Net Assets  

A704

     —       $ 13  

A71

     15,348        802,585  

AM2

     37,145        1,595,414  

IVP

     342        4,290  

A19

     2,862        223,941  

ASM

     1,156        38,510  

A54

     19,290        820,662  

A51

     12,865        392,715  

308

     51,127        2,658,959  

301

     113,510        1,875,937  

304

     9,706        542,354  

309

     442        19,275  

306

     12,125        478,460  

303

     5,372        465,706  

302

     8,053        481,253  

305

     4,515        132,471  

300

     671,783        17,643,719  

BLG

     25,382        662,743  

MSV

     12,781        636,190  

C89

     257        7,257  

C58

     —         —   

DRS

     52,444        2,122,178  

DSV

     75,942        3,938,732  

D37

     26,814        1,823,866  

001

     —         4  

SSI

     18,601        817,748  

D55

     33,922        1,982,018  

S61

     —         12  

D18

     14,034        602,031  

DTG

     16,573        1,352,415  

DSI

     2,102,086        110,515,830  

DCA

     89,048        5,670,215  

DSC

     780        29,213  

DGI

     1,202        71,482  

FVI

     14,726        710,833  

FCN

     88,006        10,837,884  

F24

     6,464        552,751  

FEI

     238,055        9,317,031  

 

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

 

- 8 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023

 

 

     Units      Net Assets  

FF1

     15,378      $ 384,472  

FF2

     38,159        996,675  

FF3

     110,014        3,247,352  

FVG

     6,194        323,593  

FGP

     13,103        1,359,713  

F99

     78,616        6,288,392  

FHI

     8,727        239,873  

FIP

     541        47,965  

FIG

     1,046,759        30,434,352  

FMC

     61,174        2,530,612  

FM8

     2,894,416        38,083,472  

FOF

     11,155        347,245  

F91

     6,739        254,167  

FE3

     22,503        575,033  

TFS

     8,689        213,765  

T20

     26,031        863,982  

TSF

     123,182        4,859,231  

F56

     3        75  

FSS

     —         —   

FSC

     195        10,230  

FRE

     4,387        74,141  

G31

     1,253        73,496  

V15

     86,199        3,557,070  

VCP

     25,176        1,224,547  

A39

     4,058        216,049  

IB1

     71,829        3,379,906  

A21

     9,386        411,442  

A22

     12,393        478,645  

I76

     2,764        86,619  

MVP

     5,876        215,060  

JM7

     211,405        3,274,087  

J43

     298        15,901  

J32

     7,182        553,912  

LRI

     149,947        3,400,876  

MD8

     7,455,956        108,813,352  

 

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

 

- 9 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023

 

 

     Units      Net Assets  

M07

     253,575      $ 5,143,298  

M35

     139,780        2,753,406  

M31

     24,314        1,154,603  

M80

     18,041        830,910  

MF1

     70,809        2,851,214  

M41

     4,255        168,553  

M42

     2,197        48,862  

M06

     258,232        3,157,795  

M33

     9        276  

M44

     41,231        690,516  

M40

     1,544        25,276  

M83

     342,267        10,592,921  

M08

     68,547        1,471,805  

MB6

     —         —   

MB7

     4,174        260,995  

MC0

     338,927        7,016,091  

MA0

     4,304        94,874  

MC1

     46,359        1,970,987  

MC3

     25,345        402,297  

MC6

     12,568        1,110,016  

MC9

     60,729        2,671,043  

M96

     279,711        7,112,306  

MD2

     —         2  

MA6

     180,305        2,810,754  

MA3

     2,183        77,887  

M97

     75,469        2,253,416  

MD5

     6,145        270,911  

M98

     175,650        4,768,221  

MD6

     564        31,457  

MB3

     4,215        283,111  

ME2

     93,308        2,830,259  

MA7

     1,032        22,709  

 

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

 

- 10 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023

 

 

     Units      Net Assets  

MB8

     56,994      $ 2,356,683  

MF6

     92,171        6,207,386  

MF2

     1,095,723        14,836,619  

MG3

     85,183        3,201,345  

VMG

     1,944        122,816  

NMC

     620        42,866  

NSE

     988        16,462  

O01

     41,060        2,151,038  

O00

     9,497        130,741  

OGS

     58,663        3,021,844  

OSC

     33,597        1,998,037  

P10

     109,642        1,037,893  

PK8

     30,810        650,396  

P06

     643,328        14,389,981  

P07

     1,570,795        34,949,315  

SCP

     43,463        1,413,994  

R02

     —         —   

R03

     —         —   

307

     324,736        19,580,043  

REI

     51,761        2,881,183  

RNA

     641        53,221  

W42

     885        31,738  

 

4 

Unit amount is less than 1 unit.

 

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

 

- 11 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     A70      A71     AM2  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ —       $ 9,590     $ —   

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     —         (30,791     (3,151

Realized gain distributions

     1        60,575       57,992  
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     1        29,784       54,841  
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     1        51,493       112,937  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     2        81,277       167,778  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 2      $ 90,867     $ 167,778  
  

 

 

    

 

 

   

 

 

 

 

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

 

- 12 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     IVP      A19     ASM  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ 32      $ —      $ 378  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     14        (5,012     (97

Realized gain distributions

     —         —        2,973  
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     14        (5,012     2,876  
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     412        39,384       2,446  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     426        34,372       5,322  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 458      $ 34,372     $ 5,700  
  

 

 

    

 

 

   

 

 

 

 

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

 

- 13 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     A54     A51     308  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ —      $ —      $ 45,905  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (43,312     (17,844     (20,884

Realized gain distributions

     —        —        22,949  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     (43,312     (17,844     2,065  
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     199,745       70,996       346,181  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     156,433       53,152       348,246  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 156,433     $ 53,152     $ 394,151  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 14 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     301     304     309  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 64,129     $ 4,540     $ 307  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (63,069     (913     (191

Realized gain distributions

     —        38,042       —   
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     (63,069     37,129       (191
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     95,766       58,089       2,828  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     32,697       95,218       2,637  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 96,826     $ 99,758     $ 2,944  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 15 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     306     303     302  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 1,175     $ 1,497     $ 5,692  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (2,029     (65,102     (24,687

Realized gain distributions

     5,628       23,357       16,304  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     3,599       (41,745     (8,383
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     61,223       174,602       89,675  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     64,822       132,857       81,292  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 65,997     $ 134,354     $ 86,984  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 16 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     305     300     BLG  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 8,304     $ 224,306     $ 14,283  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (2,315     (288,283     (13,887

Realized gain distributions

     —        —        —   
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     (2,315     (288,283     (13,887
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     5,864       2,597,988       79,961  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     3,549       2,309,705       66,074  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 11,853     $ 2,534,011     $ 80,357  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 17 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     MSV     C89      DRS  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 5,670     $ —       $ 68,133  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (2,640     110        (1,748

Realized gain distributions

     —        —         —   
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     (2,640     110        (1,748
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     97,899       1,695        167,778  
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     95,259       1,805        166,030  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 100,929     $ 1,805      $ 234,163  
  

 

 

   

 

 

    

 

 

 

 

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

 

- 18 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     DSV     D37      001  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 34,926     $ 19,036      $ —   

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (47,074     48,438        106  

Realized gain distributions

     154,287       85,772        —   
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     107,213       134,210        106  
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     201,869       116,979        68  
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     309,082       251,189        174  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 344,008     $ 270,225      $ 174  
  

 

 

   

 

 

    

 

 

 

 

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

 

- 19 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     SSI     D55     S61  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 8,406     $ 16,378     $ —   

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (10,770     (26,125     —   

Realized gain distributions

     18,019       46,537       —   
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     7,249       20,412       —   
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     103,764       245,178       2  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     111,013       265,590       2  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 119,419     $ 281,968     $ 2  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 20 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     D18     DTG     DSI  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 4,544     $ —      $ 1,431,604  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (14,024     (12,735     1,456,655  

Realized gain distributions

     18,268       —        3,677,926  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     4,244       (12,735     5,134,581  
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     86,693       502,668       16,551,864  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     90,937       489,933       21,686,445  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 95,481     $ 489,933     $ 23,118,049  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 21 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     DCA     DSC     DGI  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 37,259     $ 87     $ 426  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (16,355     (9     (69

Realized gain distributions

     434,160       588       6,828  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     417,805       579       6,759  
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     532,050       1,716       7,898  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     949,855       2,295       14,657  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 987,114     $ 2,382     $ 15,083  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 22 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     FVI      FCN      F24  
     Sub-Account      Sub-Account      Sub-Account  

Income:

        

Dividend income

   $ 11,045      $ 48,057      $ 1,285  

Net realized and change in unrealized gains (losses):

        

Net realized gains (losses) on sale of investments

     1,832        41,524        6,409  

Realized gain distributions

     19,853        341,881        18,116  
  

 

 

    

 

 

    

 

 

 

Net realized gains (losses)

     21,685        383,405        24,525  
  

 

 

    

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     89,438        2,290,108        114,549  
  

 

 

    

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     111,123        2,673,513        139,074  
  

 

 

    

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 122,168      $ 2,721,570      $ 140,359  
  

 

 

    

 

 

    

 

 

 

 

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

 

- 23 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     FEI      FF1     FF2  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ 171,316      $ 13,469     $ 28,819  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     24,021        (7,801     (47,219

Realized gain distributions

     257,153        7,096       6,342  
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     281,174        (705     (40,877
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     447,649        26,153       119,768  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     728,823        25,448       78,891  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 900,139      $ 38,917     $ 107,710  
  

 

 

    

 

 

   

 

 

 

 

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

 

- 24 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     FF3     FVG      FGP  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 73,534     $ 5,058      $ 1,568  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (19,577     14,857        559  

Realized gain distributions

     —        11,518        55,334  
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     (19,577     26,375        55,893  
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     334,682       24,955        296,102  
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     315,105       51,330        351,995  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 388,639     $ 56,388      $ 353,563  
  

 

 

   

 

 

    

 

 

 

 

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

 

- 25 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     F99      FHI     FIP  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ 175      $ 13,086     $ 643  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     172,572        (5,639     706  

Realized gain distributions

     263,333        —        387  
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     435,905        (5,639     1,093  
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     1,193,260        15,251       8,299  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     1,629,165        9,612       9,392  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 1,629,340      $ 22,698     $ 10,035  
  

 

 

    

 

 

   

 

 

 

 

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

 

- 26 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     FIG     FMC      FM8  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 777,313     $ 13,647      $ 1,743,870  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (576,749     34,975        —   

Realized gain distributions

     —        62,469        —   
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     (576,749     97,444        —   
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     1,630,616       206,000        —   
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     1,053,867       303,444        —   
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 1,831,180     $ 317,091      $ 1,743,870  
  

 

 

   

 

 

    

 

 

 

 

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

 

- 27 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     FOF     F91      FE3  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 3,415     $ 1,872      $ —   

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (1,348     4,086        (299

Realized gain distributions

     864       627        42,022  
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     (484     4,713        41,723  
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     55,352       32,514        8,617  
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     54,868       37,227        50,340  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 58,283     $ 39,099      $ 50,340  
  

 

 

   

 

 

    

 

 

 

 

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

 

- 28 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     TFS      T20     TSF  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ 6,705      $ 25,693     $ 154,827  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     880        (7,473     388  

Realized gain distributions

     —         —        —   
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     880        (7,473     388  
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     29,856        95,555       692,163  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     30,736        88,082       692,551  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 37,441      $ 113,775     $ 847,378  
  

 

 

    

 

 

   

 

 

 

 

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

 

- 29 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     F56      FSS     FSC  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ 6      $ —      $ —   

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     19        (230     (387

Realized gain distributions

     —         —        —   
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     19        (230     (387
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     —         533       2,444  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     19        303       2,057  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 25      $ 303     $ 2,057  
  

 

 

    

 

 

   

 

 

 

 

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

 

- 30 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     FRE     G31      V15  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 2,075     $ 483      $ —   

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (7,622     983        11,831  

Realized gain distributions

     —        —         70,031  
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     (7,622     983        81,862  
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     13,624       15,293        959,210  
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     6,002       16,276        1,041,072  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 8,077     $ 16,759      $ 1,041,072  
  

 

 

   

 

 

    

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     VCP     A39     IB1  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 21,160     $ 1,466     $ 51,056  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     1,634       (128     (14,798

Realized gain distributions

     130,256       4,732       405,694  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     131,890       4,604       390,896  
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     (17,893     34,461       (75,355
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     113,997       39,065       315,541  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 135,157     $ 40,531     $ 366,597  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 32 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     A21     A22     I76  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 763     $ 1,296     $ —   

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (559     (33,206     (2,064

Realized gain distributions

     286       —        1,398  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     (273     (33,206     (666
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     62,968       95,268       10,875  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     62,695       62,062       10,209  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 63,458     $ 63,358     $ 10,209  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 33 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     MVP     JM7     J43  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 2,292     $ 117,662     $ 198  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (444     (14,979     (288

Realized gain distributions

     5,607       —        125  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     5,163       (14,979     (163
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     16,049       81,549       1,767  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     21,212       66,570       1,604  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 23,504     $ 184,232     $ 1,802  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 34 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     J32      LRI      MD8  
     Sub-Account      Sub-Account      Sub-Account  

Income:

        

Dividend income

   $ 7,779      $ 163,899      $ 4,504,461  

Net realized and change in unrealized gains (losses):

        

Net realized gains (losses) on sale of investments

     9,384        2,585        —   

Realized gain distributions

     22,750        —         —   
  

 

 

    

 

 

    

 

 

 

Net realized gains (losses)

     32,134        2,585        —   
  

 

 

    

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     78,259        485,465        —   
  

 

 

    

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     110,393        488,050        —   
  

 

 

    

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 118,172      $ 651,949      $ 4,504,461  
  

 

 

    

 

 

    

 

 

 

 

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

 

- 35 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     M07     M35     M31  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 99,986     $ 35,054     $ —   

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (13,022     (267,747     25,907  

Realized gain distributions

     208,241       83,665       81,952  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     195,219       (184,082     107,859  
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     201,823       434,424       205,885  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     397,042       250,342       313,744  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 497,028     $ 285,396     $ 313,744  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 36 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     M80      MF1     M41  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ —       $ —      $ —   

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     101,386        (74,179     (138,645

Realized gain distributions

     59,426        35,416       2,629  
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     160,812        (38,763     (136,016
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     145,921        535,555       207,832  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     306,733        496,792       71,816  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 306,733      $ 496,792     $ 71,816  
  

 

 

    

 

 

   

 

 

 

 

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

 

- 37 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     M42     M06     M33  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ —      $ 100,878     $ —   

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (1,815     (73,176     (533

Realized gain distributions

     —        —        —   
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     (1,815     (73,176     (533
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     13,657       193,668       605  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     11,842       120,492       72  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 11,842     $ 221,370     $ 72  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 38 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     M44     M40     M83  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 24,438     $ 844     $ 166,273  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     12,300       —        148,731  

Realized gain distributions

     37,813       1,415       698,893  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     50,113       1,415       847,624  
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     (90,505     (2,800     (227,487
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     (40,392     (1,385     620,137  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ (15,954   $ (541   $ 786,410  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 39 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     M08     MB7      MC0  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 18,559     $ 2,503      $ 264,358  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     47,303       5,690        (70,133

Realized gain distributions

     93,027       18,576        —   
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     140,330       24,266        (70,133
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     (69,264     36,587        394,969  
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     71,066       60,853        324,836  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 89,625     $ 63,356      $ 589,194  
  

 

 

   

 

 

    

 

 

 

 

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

 

- 40 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     MA0     MC1      MC3  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 4,311     $ 5,474      $ 5,639  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (52,344     56,732        (4,205

Realized gain distributions

     —        82,691        —   
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     (52,344     139,423        (4,205
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     59,787       205,828        37,620  
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     7,443       345,251        33,415  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 11,754     $ 350,725      $ 39,054  
  

 

 

   

 

 

    

 

 

 

 

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

 

- 41 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     MC6      MC9     M96  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ 1,468      $ 17,183     $ 105,674  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     2,277        (32,380     (68,550

Realized gain distributions

     50,004        135,305       —   
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     52,281        102,925       (68,550
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     133,517        390,801       250,102  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     185,798        493,726       181,552  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 187,266      $ 510,909     $ 287,226  
  

 

 

    

 

 

   

 

 

 

 

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

 

- 42 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     MD2      MA6     MA3  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ —       $ 153,580     $ 3,854  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     —         (85,203     (6,080

Realized gain distributions

     —         —        —   
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     —         (85,203     (6,080
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     —         246,985       12,042  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     —         161,782       5,962  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ —       $ 315,362     $ 9,816  
  

 

 

    

 

 

   

 

 

 

 

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

 

- 43 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     M97      MD5      M98  
     Sub-Account      Sub-Account      Sub-Account  

Income:

        

Dividend income

   $ 23,480      $ 2,842      $ 32,599  

Net realized and change in unrealized gains (losses):

        

Net realized gains (losses) on sale of investments

     9,807        39,348        31,847  

Realized gain distributions

     66,958        9,969        338,737  
  

 

 

    

 

 

    

 

 

 

Net realized gains (losses)

     76,765        49,317        370,584  
  

 

 

    

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     193,693        63,024        320,045  
  

 

 

    

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     270,458        112,341        690,629  
  

 

 

    

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 293,938      $ 115,183      $ 723,228  
  

 

 

    

 

 

    

 

 

 

 

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

 

- 44 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     MD6      MB3      ME2  
     Sub-Account      Sub-Account      Sub-Account  

Income:

        

Dividend income

   $ 140      $ 155      $ 28,880  

Net realized and change in unrealized gains (losses):

        

Net realized gains (losses) on sale of investments

     3,894        67,755        (39,993

Realized gain distributions

     2,428        16,772        —   
  

 

 

    

 

 

    

 

 

 

Net realized gains (losses)

     6,322        84,527        (39,993
  

 

 

    

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     1,477        84,695        328,622  
  

 

 

    

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     7,799        169,222        288,629  
  

 

 

    

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 7,939      $ 169,377      $ 317,509  
  

 

 

    

 

 

    

 

 

 

 

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

 

- 45 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     MA7     MB8     MF6  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 630     $ 16,243     $ 49,897  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (8,128     (142,116     (56,871

Realized gain distributions

     —        71,091       406,238  
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     (8,128     (71,025     349,367  
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     9,951       428,418       259,369  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     1,823       357,393       608,736  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 2,453     $ 373,636     $ 658,633  
  

 

 

   

 

 

   

 

 

 

 

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

 

- 46 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     MF2     MG3      VMG  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 228,109     $ 51,397      $ —   

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (60,417     81,140        (247,690

Realized gain distributions

     —        97,474        —   
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     (60,417     178,614        (247,690
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     691,833       141,029        297,508  
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     631,416       319,643        49,818  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 859,525     $ 371,040      $ 49,818  
  

 

 

   

 

 

    

 

 

 

 

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

 

- 47 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     NMC      NSE      O01  
     Sub-Account      Sub-Account      Sub-Account  

Income:

        

Dividend income

   $ —       $ 51      $ —   

Net realized and change in unrealized gains (losses):

        

Net realized gains (losses) on sale of investments

     238        72        (76,828

Realized gain distributions

     —         241        —   
  

 

 

    

 

 

    

 

 

 

Net realized gains (losses)

     238        313        (76,828
  

 

 

    

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     6,423        3,088        641,776  
  

 

 

    

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     6,661        3,401        564,948  
  

 

 

    

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 6,661      $ 3,452      $ 564,948  
  

 

 

    

 

 

    

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     O00     OGS      OSC  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ —      $ 6,222      $ 21,320  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (720     12,145        1,320  

Realized gain distributions

     —        314,636        —   
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     (720     326,781        1,320  
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     15,867       465,690        278,026  
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     15,147       792,471        279,346  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 15,147     $ 798,693      $ 300,666  
  

 

 

   

 

 

    

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     P10     PK8     P06  
     Sub-Account     Sub-Account     Sub-Account  

Income:

      

Dividend income

   $ 168,639     $ 34,076     $ 431,559  

Net realized and change in unrealized gains (losses):

      

Net realized gains (losses) on sale of investments

     (9,366     (2,348     (372,437

Realized gain distributions

     —        —        —   
  

 

 

   

 

 

   

 

 

 

Net realized gains (losses)

     (9,366     (2,348     (372,437
  

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     (242,282     32,833       486,129  
  

 

 

   

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     (251,648     30,485       113,692  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ (83,009   $ 64,561     $ 545,251  
  

 

 

   

 

 

   

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     P07     SCP      R03  
     Sub-Account     Sub-Account      Sub-Account  

Income:

       

Dividend income

   $ 1,179,758     $ 10,718      $ —   

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     (396,466     85,067        8,322  

Realized gain distributions

     —        111,312        —   
  

 

 

   

 

 

    

 

 

 

Net realized gains (losses)

     (396,466     196,379        8,322  
  

 

 

   

 

 

    

 

 

 

Net change in unrealized appreciation/ (depreciation)

     1,157,310       79,374        (880
  

 

 

   

 

 

    

 

 

 

Net realized and change in unrealized gains (losses)

     760,844       275,753        7,442  
  

 

 

   

 

 

    

 

 

 

Net increase (decrease) in net assets from operations

   $ 1,940,602     $ 286,471      $ 7,442  
  

 

 

   

 

 

    

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     307      REI     RNA  
     Sub-Account      Sub-Account     Sub-Account  

Income:

       

Dividend income

   $ —       $ 56,668     $ 122  

Net realized and change in unrealized gains (losses):

       

Net realized gains (losses) on sale of investments

     422,459        (6,458     713  

Realized gain distributions

     —         117,436       3,497  
  

 

 

    

 

 

   

 

 

 

Net realized gains (losses)

     422,459        110,978       4,210  
  

 

 

    

 

 

   

 

 

 

Net change in unrealized appreciation/ (depreciation)

     6,703,824        86,993       7,782  
  

 

 

    

 

 

   

 

 

 

Net realized and change in unrealized gains (losses)

     7,126,283        197,971       11,992  
  

 

 

    

 

 

   

 

 

 

Net increase (decrease) in net assets from operations

   $ 7,126,283      $ 254,639     $ 12,114  
  

 

 

    

 

 

   

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023

 

 

     W42  
     Sub-Account  

Income:

  

Dividend income

   $ —   

Net realized and change in unrealized gains (losses):

  

Net realized gains (losses) on sale of investments

     58  

Realized gain distributions

     —   
  

 

 

 

Net realized gains (losses)

     58  
  

 

 

 

Net change in unrealized appreciation/ (depreciation)

     5,732  
  

 

 

 

Net realized and change in unrealized gains (losses)

     5,790  
  

 

 

 

Net increase (decrease) in net assets from operations

   $ 5,790  
  

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

 

 

     A70 Sub-Account     A71 Sub-Account  
     December 31,     December 31,     December 31,     December 31,  
     2023     2022     2023     2022  

Operations:

        

Net investment income (loss)

   $ —      $ —      $ 9,590     $ 11,449  

Net realized gains (losses)

     1       12       29,784       169,433  

Net change in unrealized appreciation/ (depreciation)

     1       (21     51,493       (228,774
  

 

 

   

 

 

   

 

 

   

 

 

 

Increase (decrease) in net assets from operations

     2       (9     90,867       (47,892
  

 

 

   

 

 

   

 

 

   

 

 

 

Contract Owner Transactions:

        

Purchase payments received

     —        —        63,467       67,647  

Transfers between Sub-Accounts (including the Fixed Account), net

     (1     21       (378,777     —   

Withdrawals, surrenders and contract charges

     —        —        (1     —   

Mortality and expense risk charges

     —        —        (2,514     (3,089

Cost of insurance charges

     —        —        (14,608     (16,961
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from contract owner transactions

     (1     21       (332,433     47,597  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total increase (decrease) in net assets

     1       12       (241,566     (295

Net assets at beginning of year

     12       —        1,044,151       1,044,446  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net assets at end of year

   $ 13     $ 12     $ 802,585     $ 1,044,151  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

 

 

     AM2 Sub-Account     IVP Sub-Account  
     December 31,     December 31,     December 31,     December 31,  
     2023     2022     2023     2022  

Operations:

        

Net investment income (loss)

   $ —      $ —      $ 32     $ 125  

Net realized gains (losses)

     54,841       252,850       14       4  

Net change in unrealized appreciation/ (depreciation)

     112,937       (810,451     412       (431
  

 

 

   

 

 

   

 

 

   

 

 

 

Increase (decrease) in net assets from operations

     167,778       (557,601     458       (302
  

 

 

   

 

 

   

 

 

   

 

 

 

Contract Owner Transactions:

        

Purchase payments received

     1,334       251       1,327       763  

Transfers between Sub-Accounts (including the Fixed Account), net

     219,941       —        —        16  

Withdrawals, surrenders and contract charges

     (82,204     (65,916     —        —   

Mortality and expense risk charges

     (3,700     (3,779     (16     (11

Cost of insurance charges

     (38,854     (39,607     (230     (204
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from contract owner transactions

     96,517       (109,051     1,081       564  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total increase (decrease) in net assets

     264,295       (666,652     1,539       262  

Net assets at beginning of year

     1,331,119       1,997,771       2,751       2,489  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net assets at end of year

   $ 1,595,414     $ 1,331,119     $ 4,290     $ 2,751  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

 

 

     A19 Sub-Account     ASM Sub-Account  
     December 31,     December 31,     December 31,     December 31,  
     2023     2022     2023     2022  

Operations:

        

Net investment income (loss)

   $ —      $ —      $ 378     $ 393  

Net realized gains (losses)

     (5,012     109,424       2,876       5,448  

Net change in unrealized appreciation/ (depreciation)

     39,384       (240,177     2,446       (12,240
  

 

 

   

 

 

   

 

 

   

 

 

 

Increase (decrease) in net assets from operations

     34,372       (130,753     5,700       (6,399
  

 

 

   

 

 

   

 

 

   

 

 

 

Contract Owner Transactions:

        

Purchase payments received

     —        194       853       1,049  

Transfers between Sub-Accounts (including the Fixed Account), net

     (2,608     (1     (1     (102

Withdrawals, surrenders and contract charges

     —        —        —        (1

Mortality and expense risk charges

     (528     (573     (78     (80

Cost of insurance charges

     (5,480     (5,271     (1,825     (1,609
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from contract owner transactions

     (8,616     (5,651     (1,051     (743
  

 

 

   

 

 

   

 

 

   

 

 

 

Total increase (decrease) in net assets

     25,756       (136,404     4,649       (7,142

Net assets at beginning of year

     198,185       334,589       33,861       41,003  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net assets at end of year

   $ 223,941     $ 198,185     $ 38,510     $ 33,861  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

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Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

 

 

     A54 Sub-Account     A51 Sub-Account  
     December 31,     December 31,     December 31,     December 31,  
     2023     2022     2023     2022  

Operations:

        

Net investment income (loss)

   $ —      $ —      $ —      $ —   

Net realized gains (losses)

     (43,312     (20,215     (17,844     14,349  

Net change in unrealized appreciation/ (depreciation)

     199,745       (361,143     70,996       (131,709
  

 

 

   

 

 

   

 

 

   

 

 

 

Increase (decrease) in net assets from operations

     156,433       (381,358     53,152       (117,360
  

 

 

   

 

 

   

 

 

   

 

 

 

Contract Owner Transactions:

        

Purchase payments received

     241       143       44,775       1,096  

Transfers between Sub-Accounts (including the Fixed Account), net

     (23,562     69,136       14,036       130,009  

Withdrawals, surrenders and contract charges

     —        —        (1     —   

Mortality and expense risk charges

     —        —        (1,401     (1,016

Cost of insurance charges

     (92     (79     (7,212     (5,530
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from contract owner transactions

     (23,413     69,200       50,197       124,559  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total increase (decrease) in net assets

     133,020       (312,158     103,349       7,199  

Net assets at beginning of year

     687,642       999,800       289,366       282,167  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net assets at end of year

   $ 820,662     $ 687,642     $ 392,715     $ 289,366  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

- 57 -


Table of Contents

DELAWARE LIFE VARIABLE ACCOUNT G

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

 

 

     308 Sub-Account     301 Sub-Account  
     December 31,     December 31,     December 31,     December 31,  
     2023     2022     2023     2022  

Operations:

        

Net investment income (loss)

   $ 45,905     $ 45,009     $ 64,129     $ 61,480  

Net realized gains (losses)

     2,065       534,219       (63,069     2,507  

Net change in unrealized appreciation/ (depreciation)

     346,181       (788,164     95,766       (361,425
  

 

 

   

 

 

   

 

 

   

 

 

 

Increase (decrease) in net assets from operations

     394,151       (208,936     96,826       (297,438