0001193125-26-181618.txt : 20260427 0001193125-26-181618.hdr.sgml : 20260427 20260427145457 ACCESSION NUMBER: 0001193125-26-181618 CONFORMED SUBMISSION TYPE: N-VPFS PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20251231 FILED AS OF DATE: 20260427 DATE AS OF CHANGE: 20260427 EFFECTIVENESS DATE: 20260427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Genworth Life of New York VA Separate Account 1 CENTRAL INDEX KEY: 0001044035 ORGANIZATION NAME: EIN: 222882416 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-VPFS SEC ACT: 1940 Act SEC FILE NUMBER: 811-08475 FILM NUMBER: 26899930 BUSINESS ADDRESS: STREET 1: 6610 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: 804-281-6000 MAIL ADDRESS: STREET 1: 6610 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 FORMER COMPANY: FORMER CONFORMED NAME: GE CAPITAL LIFE SEPARATE ACCOUNT II DATE OF NAME CHANGE: 19970808 0001044035 S000009720 Genworth Life of New York VA Separate Account 1 C000026689 Commonwealth VA NY C000026690 Choice NY/Pre May 1, 2003 C000026691 RetireReady(SM) Choice NY VA C000026692 Foundation NY/Pre May 1, 2003 C000026693 Foundation NY VA C000026694 RetireReady(SM) Selections NY VA C000026695 RetireReady(SM) Retirement Answer NY VA C000048003 RetireReady Bonus NY VA C000051272 Personal Income Design NY VA N-VPFS 1 d106802dnvpfs.htm GLNY_VA_SA1 GLNY_VA_SA1
Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Financial Statements

Year ended December 31, 2025

(With Report of Independent Registered Public Accounting Firm Thereon)


Table of Contents

GENWORTH LIFE OF NEW YORK SEPARATE ACCOUNT 1

Table of Contents

Year ended December 31, 2025

 

    Page  

Report of Independent Registered Public Accounting Firm

    F-1  

Statements of Assets and Liabilities

    F-6  

Statements of Operations

    F-18  

Statements of Changes in Net Assets

    F-30  

Notes to Financial Statements

    F-61  


Table of Contents

Report of Independent Registered Public Accounting Firm

To the Board of Directors of

Genworth Life Insurance Company of New York

and

Contract Owners of

Genworth Life of New York VA Separate Account 1:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in the Appendix that comprise Genworth Life of New York VA Separate Account 1 (the Subaccounts), as of December 31, 2025, the related statements of operations for the year or period listed in the Appendix, the statements of changes in net assets for each of the years or periods listed in the Appendix, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Subaccounts as of December 31, 2025, the results of their operations for the year or period listed in the Appendix, and the changes in their net assets for each of the years or periods listed in the Appendix, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Subaccounts’ management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Subaccounts in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the transfer agent of the underlying investments. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of one or more Genworth Life Insurance Company of New York separate account investment companies since 2000.

Richmond, Virginia

April 23, 2026

 

F-1


Table of Contents

Appendix

Statements of assets and liabilities as of December 31, 2025, the related statements of operations for the year then ended, and the statements of changes in net assets for each of the years in the two-year period then ended.

AB Variable Products Series Fund, Inc.

AB VPS Balanced Hedged Allocation Portfolio — Class B

AB VPS International Value Portfolio — Class B

AB VPS Large Cap Growth Portfolio — Class B

AB VPS Relative Value Portfolio — Class B

AB VPS Small Cap Growth Portfolio — Class B

AB VPS Sustainable Global Thematic Portfolio — Class B

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

Invesco V.I. American Franchise Fund — Series I shares

Invesco V.I. American Franchise Fund — Series II shares

Invesco V.I. American Value Fund — Series II shares

Invesco V.I. Comstock Fund — Series II shares

Invesco V.I. Core Equity Fund — Series I shares

Invesco V.I. Core Plus Bond Fund — Series I shares

Invesco V.I. Discovery Large Cap Fund — Series I shares (1)

Invesco V.I. Discovery Large Cap Fund — Series II Shares (1)

Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares

Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares

Invesco V.I. EQV International Equity Fund — Series II shares

Invesco V.I. Equity and Income Fund — Series I shares

Invesco V.I. Equity and Income Fund — Series II shares

Invesco V.I. Global Fund — Series II shares

Invesco V.I. Global Real Estate Fund — Series II shares

Invesco V.I. Global Strategic Income Fund — Series I shares

Invesco V.I. Main Street Fund® — Series II shares

Invesco V.I. Main Street Small Cap Fund® — Series II shares

Allspring Variable Trust

Allspring VT Discovery All Cap Growth Fund — Class 2

BNY Mellon

BNY Mellon Investment Portfolios — MidCap Stock Portfolio — Initial Shares

BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares

BNY Mellon Variable Investment Fund — Government Money Market Portfolio

BlackRock Variable Series Funds, Inc.

BlackRock Advantage SMID Cap V.I. Fund — Class III Shares

BlackRock Basic Value V.I. Fund — Class III Shares

BlackRock Global Allocation V.I. Fund — Class III Shares

BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares

Columbia Funds Variable Series Trust II

CTIVP® — Principal Large Cap Growth Fund — Class 1 (1)

Columbia Variable Portfolio — Overseas Core Fund — Class 2

Deutsche DWS Variable Series II

DWS Small Mid Cap Value VIP — Class B Shares

Eaton Vance Variable Trust

VT Floating — Rate Income Fund

Federated Hermes Insurance Series

Federated Hermes High Income Bond Fund II — Primary Shares

Federated Hermes High Income Bond Fund II — Service Shares

Federated Hermes Kaufmann Fund II — Service Shares

Federated Hermes Managed Volatility Fund II — Primary Shares

Fidelity® Variable Insurance Products Fund

VIP Asset Manager 50% Portfolio — Initial Class (1)

VIP Asset Manager 50% Portfolio — Service Class 2 (1)

VIP Balanced Portfolio — Service Class 2

 

F-2


Table of Contents

VIP Contrafund® Portfolio — Initial Class

VIP Contrafund® Portfolio — Service Class 2

VIP Dynamic Capital Appreciation Portfolio — Service Class 2

VIP Equity-Income PortfolioSM — Initial Class

VIP Equity-Income PortfolioSM — Service Class 2

VIP Growth & Income Portfolio — Initial Class

VIP Growth & Income Portfolio — Service Class 2

VIP Growth Opportunities Portfolio — Initial Class

VIP Growth Opportunities Portfolio — Service Class 2

VIP Growth Portfolio — Initial Class

VIP Growth Portfolio — Service Class 2

VIP Investment Grade Bond Portfolio — Service Class 2

VIP Mid Cap Portfolio — Service Class 2

VIP Overseas Portfolio — Initial Class

VIP Value Strategies Portfolio — Service Class 2

Franklin Templeton Variable Insurance Products Trust

Franklin Allocation VIP Fund — Class 2 Shares

Franklin Income VIP Fund — Class 2 Shares

Franklin Large Cap Growth VIP Fund — Class 2 Shares

Franklin Mutual Shares VIP Fund — Class 2 Shares

Templeton Foreign VIP Fund — Class 1 Shares

Templeton Foreign VIP Fund — Class 2 Shares

Templeton Global Bond VIP Fund — Class 1 Shares

Templeton Growth VIP Fund — Class 2 Shares

Goldman Sachs Variable Insurance Trust

Goldman Sachs Government Money Market Fund — Service Shares

Goldman Sachs Large Cap Value Fund — Institutional Shares

Goldman Sachs Mid Cap Value Fund — Institutional Shares

Janus Aspen Series

Janus Henderson Balanced Portfolio — Institutional Shares

Janus Henderson Balanced Portfolio — Service Shares

Janus Henderson Enterprise Portfolio — Institutional Shares

Janus Henderson Enterprise Portfolio — Service Shares

Janus Henderson Flexible Bond Portfolio — Institutional Shares

Janus Henderson Forty Portfolio — Institutional Shares

Janus Henderson Forty Portfolio — Service Shares

Janus Henderson Global Research Portfolio — Institutional Shares

Janus Henderson Global Research Portfolio — Service Shares

Janus Henderson Global Technology and Innovation Portfolio — Service Shares

Janus Henderson Overseas Portfolio — Institutional Shares

Janus Henderson Overseas Portfolio — Service Shares

Janus Henderson Research Portfolio — Institutional Shares

Janus Henderson Research Portfolio — Service Shares

Legg Mason Partners Variable Equity Trust

ClearBridge Variable Dividend Strategy Portfolio — Class I

ClearBridge Variable Dividend Strategy Portfolio — Class II

ClearBridge Variable Growth Portfolio — Class II (1)

ClearBridge Variable Large Cap Value Portfolio — Class I

Lincoln Variable Insurance Products Trust

LVIP American Century Disciplined Core Value Fund — Standard Class II (1)

LVIP American Century Inflation Protection Fund — Service Class (1)

LVIP American Century International Fund — Standard Class II (1)

LVIP American Century Ultra® Fund — Standard Class II (1)

LVIP American Century Value Fund — Standard Class II (1)

LVIP JPMorgan Core Bond Fund — Standard Class

LVIP JPMorgan Mid Cap Value Fund — Standard Class

LVIP JPMorgan Small Cap Core Fund — Standard Class

LVIP JPMorgan U.S. Equity Fund — Standard Class

 

F-3


Table of Contents

MFS® Variable Insurance Trust

MFS® Investors Trust Series — Service Class Shares

MFS® New Discovery Series — Service Class Shares

MFS® Total Return Series — Service Class Shares

MFS® Utilities Series — Service Class Shares

MFS® Variable Insurance Trust II

MFS® Income Portfolio — Service Class Shares

MFS® Massachusetts Investors Growth Stock Portfolio — Service Class Shares

PIMCO Variable Insurance Trust

All Asset Portfolio — Advisor Class Shares

High Yield Portfolio — Administrative Class Shares

International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares

Long-Term U.S. Government Portfolio — Administrative Class Shares

Low Duration Portfolio — Administrative Class Shares

Total Return Portfolio — Administrative Class Shares

Rydex Variable Trust

NASDAQ — 100® Fund

State Street Variable Insurance Series Funds, Inc.

Income V.I.S. Fund — Class 1 Shares

Premier Growth Equity V.I.S. Fund — Class 1 Shares

Real Estate Securities V.I.S. Fund — Class 1 Shares

S&P 500® Index V.I.S. Fund — Class 1 Shares

Small-Cap Equity V.I.S. Fund — Class 1 Shares

Total Return V.I.S. Fund — Class 1 Shares

Total Return V.I.S. Fund — Class 3 Shares

U.S. Equity V.I.S. Fund — Class 1 Shares

The Alger Portfolios

Alger Large Cap Growth Portfolio — Class I-2 Shares

Alger Small Cap Growth Portfolio — Class I-2 Shares

The Prudential Series Fund

PSF PGIM Jennison Blend Portfolio — Class II Shares

PSF PGIM Jennison Growth Portfolio — Class II Shares

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the period from January 1, 2025 to April 11, 2025 (liquidation date) and the statements of changes in net assets for the period from January 1, 2025 to April 11, 2025 (liquidation date) and for the year ended December 31, 2024.

The Prudential Series Fund

PSF Natural Resources Portfolio — Class II Shares

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year ended December 31, 2025, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from April 26, 2024 (inception) to December 31, 2024.

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

Invesco V.I. Equity and Income Fund — Series I shares

 

(1)

See Note 1 to the financial statements for the former name of the subaccount.

 

F-4


Table of Contents

[THIS PAGE INTENTIONALLY LEFT BLANK]


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities

December 31, 2025

 

   


AB Variable Products Series Fund, Inc.
 
     AB VPS
Balanced
Hedged
Allocation
Portfolio —
Class B
    AB VPS
International
Value
Portfolio —
Class B
    AB VPS
Large Cap
Growth
Portfolio —
Class B
    AB VPS
Relative
Value
Portfolio —
Class B
    AB VPS
Small Cap
Growth
Portfolio —
Class B
 
Assets:          
Investments at fair value (note 2b)     $1,997,645       $442,301       $1,049,369       $1,730,350       $297,825  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     27       —        104       31       —   
Total assets     1,997,672       442,301       1,049,473       1,730,381       297,825  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     97       19       41       75       13  
Payable for units withdrawn     —        2       —        —        1  
Total liabilities     97       21       41       75       14  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     1,781,816       442,280       1,049,432       1,700,055       297,811  
Variable annuity contract owners in the annuitization period     215,759       —        —        30,251       —   
Net assets     $1,997,575       $442,280       $1,049,432       $1,730,306       $297,811  
Investments in securities at cost     $2,029,685       $309,303       $703,457       $1,503,563       $363,549  
Shares outstanding     203,219       21,244       12,879       56,089       30,205  

 

    AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)  
    

Invesco

V.I.

Discovery

Large Cap

Fund —

Series I shares

   

Invesco

V.I.

Discovery

Large Cap

Fund —

Series II Shares

   

Invesco

V.I.

Discovery Mid

Cap Growth
Fund —

Series I shares

   

Invesco

V.I.

Discovery Mid
Cap Growth
Fund —

Series II shares

   

Invesco

V.I.

EQV
International
Equity

Fund —

Series II shares

 
Assets:          
Investments at fair value (note 2b)     $115,922       $1,158,966       $176,941       $148,035       $2,773,444  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        271       —        —        —   
Total assets     115,922       1,159,237       176,941       148,035       2,773,444  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     5       51       7       7       127  
Payable for units withdrawn     —        —        —        —        234  
Total liabilities     5       51       7       7       361  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     115,917       1,104,138       172,053       148,028       2,734,760  
Variable annuity contract owners in the annuitization period     —        55,048       4,881       —        38,323  
Net assets     $115,917       $1,159,186       $176,934       $148,028       $2,773,083  
Investments in securities at cost     $86,585       $966,680       $169,900       $136,540       $2,687,859  
Shares outstanding     1,833       19,561       2,353       2,335       78,368  

 

See accompanying notes to financial statements.

 

F-6


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

AB Variable
Products Series
Fund, Inc.
(continued)
    AIM Variable Insurance Funds (Invesco Variable Insurance Funds)  

AB VPS
Sustainable Global
Thematic

Portfolio —

Class B

    Invesco
V.I.
American
Franchise
Fund —
Series I shares
    Invesco
V.I.
American
Franchise
Fund —
Series II shares
    Invesco
V.I.
American
Value
Fund —
Series II shares
    Invesco
V.I.
Comstock
Fund —
Series II shares
    Invesco
V.I.
Core Equity
Fund —
Series I shares
    Invesco
V.I.
Core Plus
Bond Fund —
Series I shares
 
           
  $49,836       $231,174       $67,776       $579,765       $3,884,311       $10,761,573       $585,067  
  —        —        —        —        —        —        —   
  28       43       —        —        —        201       —   
  49,864       231,217       67,776       579,765       3,884,311       10,761,774       585,067  
           
  2       6       3       25       176       500       23  
  —        —        1       1       328       —        —   
  2       6       4       26       504       500       23  
           
  49,862       225,298       67,772       579,739       3,818,570       10,572,874       585,044  
  —        5,913       —        —        65,237       188,400       —   
  $49,862       $231,211       $67,772       $579,739       $3,883,807       $10,761,274       $585,044  
  $41,540       $165,394       $47,822       $535,387       $3,699,815       $10,215,037       $576,055  
  1,647       2,854       942       32,644       182,448       298,684       100,011  

 

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)  

Invesco

V.I.

Equity and
Income

Fund —

Series I shares

   

Invesco

V.I.

Equity and
Income

Fund —

Series II shares

   

Invesco

V.I.

Global

Fund —

Series II shares

   

Invesco

V.I.

Global Real
Estate
Fund —

Series II shares

   

Invesco

V.I.

Global
Strategic Income
Fund —

Series I shares

   

Invesco

V.I.

Main Street
Fund®

Series II shares

   

Invesco

V.I.

Main Street

Small Cap

Fund®

Series II shares

 
           
  $35,051       $2,046,613       $3,045,602       $4,511       $3,504       $12,711,673       $3,470,787  
  —        —        —        —        —        —        —   
  —        —        358       —        —        466       197  
  35,051       2,046,613       3,045,960       4,511       3,504       12,712,139       3,470,984  
           
  1       122       135       —        —        589       163  
  —        1,030       —        —        1       —        —   
  1       1,152       135       —        1       589       163  
           
  35,050       2,007,479       3,031,598       4,511       3,503       12,453,791       3,406,418  
  —        37,982       14,227       —        —        257,759       64,403  
  $35,050       $2,045,461       $3,045,825       $4,511       $3,503       $12,711,550       $3,470,821  
  $33,132       $1,930,697       $3,037,314       $4,272       $3,938       $12,302,029       $3,323,565  
  1,919       112,948       83,901       327       767       592,619       125,254  

 

See accompanying notes to financial statements.

 

F-7


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

    Allspring
Variable Trust
    BNY Mellon     BlackRock
Variable Series
Funds, Inc.
 
     Allspring VT
Discovery All
Cap Growth
Fund — Class 2
    BNY Mellon
Investment
Portfolios —
MidCap Stock
Portfolio —
Initial Shares
    BNY Mellon
Sustainable
U.S. Equity
Portfolio, Inc. —
Initial Shares
   

BNY Mellon
Variable
Investment

Fund —
Government
Money Market
Portfolio

   

BlackRock
Advantage
SMID Cap
V.I. Fund —

Class III Shares

 
Assets:          
Investments at fair value (note 2b)     $278,654       $10,660       $28,601       $797,877       $74,962  
Dividend receivable     —        —        —        2,578       —   
Receivable for units sold     —        —        28       —        —   
Total assets     278,654       10,660       28,629       800,455       74,962  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     12       —        5       31       3  
Payable for units withdrawn     1       —        —        1       2  
Total liabilities     13       —        5       32       5  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     278,641       10,660       28,624       796,963       74,957  
Variable annuity contract owners in the annuitization period     —        —        —        3,460       —   
Net assets     $278,641       $10,660       $28,624       $800,423       $74,957  
Investments in securities at cost     $320,952       $9,856       $19,190       $797,877       $94,256  
Shares outstanding     13,358       524       489       797,877       7,257  

 

    Federated Hermes Insurance Series     Fidelity®
Variable
Insurance
Products Fund
 
     Federated
Hermes High
Income Bond
Fund II —
Primary Shares
    Federated
Hermes High
Income Bond
Fund II —
Service Shares
   

Federated
Hermes
Kaufmann

Fund II —
Service Shares

    Federated
Hermes Managed
Volatility
Fund II —
Primary Shares
    VIP Asset
Manager 50%
Portfolio —
Initial Class
 
Assets:          
Investments at fair value (note 2b)     $174       $484,164       $2,639,607       $30,943       $124,887  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        374       —        —   
Total assets     174       484,164       2,639,981       30,943       124,887  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     (2     22       122       1       5  
Payable for units withdrawn     1       2       —        —        —   
Total liabilities     (1     24       122       1       5  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     175       456,166       2,599,860       30,942       124,882  
Variable annuity contract owners in the annuitization period     —        27,974       39,999       —        —   
Net assets     $175       $484,140       $2,639,859       $30,942       $124,882  
Investments in securities at cost     $189       $517,220       $2,502,176       $29,709       $108,173  
Shares outstanding     30       84,202       152,226       2,975       7,088  

 

See accompanying notes to financial statements.

 

F-8


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

BlackRock Variable Series Funds, Inc. (continued)     Columbia Funds Variable Series
Trust II
    Deutsche DWS
Variable
Series II
    Eaton Vance
Variable Trust
 

BlackRock Basic
Value V.I.

Fund —

Class III Shares

    BlackRock Global
Allocation V.I.
Fund —
Class III Shares
    BlackRock Large
Cap Focus Growth
V.I. Fund —
Class III Shares
   

CTIVP®
Principal Large
Cap Growth

Fund —

Class 1

   

Columbia
Variable

Portfolio —
Overseas Core
Fund —

Class 2

   

DWS
Small Mid Cap
Value

VIP —

Class B Shares

    VT
Floating-Rate
Income
Fund
 
           
  $529,010       $25,441,364       $161,216       $535,342       $823,857       $255,935       $2,856,483  
  —        —        —        —        —        —        14,866  
  —        —        —        —        —        —        25  
  529,010       25,441,364       161,216       535,342       823,857       255,935       2,871,374  
           
  25       1,269       7       31       34       13       133  
  1       87,630       1       2       1       3       —   
  26       88,899       8       33       35       16       133  
           
  436,020       24,856,444       161,208       517,542       755,102       228,466       2,741,981  
  92,964       496,021       —        17,767       68,720       27,453       129,260  
  $528,984       $25,352,465       $161,208       $535,309       $823,822       $255,919       $2,871,241  
  $530,897       $26,649,613       $123,534       $279,147       $615,675       $233,458       $2,969,163  
  38,670       1,907,149       7,717       6,567       46,546       18,126       341,276  

 

Fidelity® Variable Insurance Products Fund (continued)

 
VIP Asset
Manager 50%
Portfolio —
Service Class 2
    VIP Balanced
Portfolio —
Service Class 2
   

VIP Contrafund®
Portfolio —

Initial Class

    VIP Contrafund®
Portfolio —
Service Class 2
    VIP Dynamic
Capital
Appreciation
Portfolio —
Service Class 2
    VIP Equity-
Income
PortfolioSM
Initial Class
    VIP Equity-
Income
PortfolioSM
Service Class 2
 
           
  $44,365       $3,109,730       $1,083,511       $20,829,115       $17,490       $287,166       $2,297,293  
  —        —        —        —        —        —        —   
  —        —        —        —        —        —        338  
  44,365       3,109,730       1,083,511       20,829,115       17,490       287,166       2,297,631  
           
  1       169       42       952       1       11       102  
  1       261       —        687       1       —        —   
  2       430       42       1,639       2       11       102  
           
  39,428       2,925,597       1,069,579       20,406,369       17,488       287,155       2,294,995  
  4,935       183,703       13,890       421,107       —        —        2,534  
  $44,363       $3,109,300       $1,083,469       $20,827,476       $17,488       $287,155       $2,297,529  
  $39,448       $2,298,555       $728,059       $16,754,274       $12,415       $226,182       $1,862,820  
  2,614       122,190       18,092       366,323       947       9,758       81,667  

 

See accompanying notes to financial statements.

 

F-9


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

    Fidelity® Variable Insurance Products Fund (continued)  
    

VIP Growth &
Income

Portfolio —
Initial Class

   

VIP Growth &
Income

Portfolio —
Service Class 2

    VIP Growth
Opportunities
Portfolio —
Initial Class
    VIP Growth
Opportunities
Portfolio —
Service Class 2
    VIP Growth
Portfolio —
Initial Class
 
Assets:          
Investments at fair value (note 2b)     $258,239       $690,328       $103,238       $342,363       $670,736  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        31       —        —        —   
Total assets     258,239       690,359       103,238       342,363       670,736  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     10       30       4       16       26  
Payable for units withdrawn     —        —        —        1       —   
Total liabilities     10       30       4       17       26  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     258,229       690,329       103,234       342,346       665,363  
Variable annuity contract owners in the annuitization period     —        —        —        —        5,347  
Net assets     $258,229       $690,329       $103,234       $342,346       $670,710  
Investments in securities at cost     $158,645       $456,483       $36,893       $234,863       $513,453  
Shares outstanding     7,743       21,579       1,036       3,551       6,864  

 

    Franklin Templeton Variable Insurance Products Trust (continued)  
    

Franklin

Large Cap
Growth
VIP Fund —

Class 2 Shares

   

Franklin

Mutual

Shares

VIP Fund —

Class 2 Shares

   

Templeton
Foreign

VIP Fund —

Class 1 Shares

   

Templeton
Foreign

VIP Fund —

Class 2 Shares

   

Templeton
Global Bond

VIP Fund —

Class 1 Shares

 
Assets:          
Investments at fair value (note 2b)     $210,844       $2,889,181       $—        $196,518       $2,108  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     210,844       2,889,181       —        196,518       2,108  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     9       133       —        8       —   
Payable for units withdrawn     —        278       —        —        1  
Total liabilities     9       411       —        8       1  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     210,835       2,817,421       —        182,841       2,107  
Variable annuity contract owners in the annuitization period     —        71,349       —        13,669       —   
Net assets     $210,835       $2,888,770       $—        $196,510       $2,107  
Investments in securities at cost     $210,352       $3,016,700       $—        $175,683       $2,431  
Shares outstanding     11,759       179,452       —        12,116       151  

 

See accompanying notes to financial statements.

 

F-10


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

Fidelity® Variable Insurance Products Fund (continued)     Franklin Templeton Variable
Insurance Products Trust
 
VIP Growth
Portfolio —
Service Class 2
    VIP Investment
Grade Bond
Portfolio —
Service Class 2
    VIP Mid Cap
Portfolio —
Service Class 2
   

VIP Overseas
Portfolio —

Initial Class

    VIP Value
Strategies
Portfolio —
Service Class 2
   

Franklin Allocation

VIP Fund —

Class 2 Shares

    Franklin Income
VIP Fund —
Class 2 Shares
 
           
  $1,192,470       $6,743,874       $3,081,609       $138,172       $46,479       $5,377,445       $17,622,982  
  —        —        —        —        —        —        —   
  20       —        206       —        —        65       —   
  1,192,490       6,743,874       3,081,815       138,172       46,479       5,377,510       17,622,982  
           
  82       319       135       5       2       267       960  
  —        799       —        —        1       —        63,256  
  82       1,118       135       5       3       267       64,216  
           
  1,192,408       6,593,132       3,047,301       138,167       39,859       5,106,638       16,732,840  
  —        149,624       34,379       —        6,617       270,605       825,926  
  $1,192,408       $6,742,756       $3,081,680       $138,167       $46,476       $5,377,243       $17,558,766  
  $931,696       $6,904,717       $3,012,163       $103,902       $41,252       $5,737,517       $17,164,621  
  12,839       614,756       87,620       5,021       2,874       970,658       1,162,466  

 

Franklin
Templeton
Variable
Insurance
Products Trust
(continued)
    Goldman Sachs Variable Insurance Trust     Janus Aspen Series  

Templeton
Growth

VIP Fund —
Class 2 Shares

    Goldman Sachs
Government
Money Market
Fund —
Service Shares
    Goldman Sachs
Large Cap
Value Fund —
Institutional Shares
    Goldman Sachs
Mid Cap
Value Fund —
Institutional Shares
    Janus Henderson
Balanced
Portfolio —
Institutional Shares
    Janus Henderson
Balanced
Portfolio —
Service Shares
    Janus Henderson
Enterprise
Portfolio —
Institutional Shares
 
           
  $514,900       $5,104,283       $186,489       $240,923       $666,780       $6,505,427       $828,353  
  —        15,454       —        —        —        —        —   
  —        372       —        —        —        —        —   
  514,900       5,120,109       186,489       240,923       666,780       6,505,427       828,353  
           
  24       216       7       10       26       311       32  
  4       —        —        2       —        6,357       —   
  28       216       7       12       26       6,668       32  
           
  486,979       5,118,640       186,482       240,911       644,804       6,057,315       801,630  
  27,893       1,253       —        —        21,950       441,444       26,691  
  $514,872       $5,119,893       $186,482       $240,911       $666,754       $6,498,759       $828,321  
  $440,392       $5,104,283       $214,943       $233,325       $380,026       $4,015,759       $614,950  
  36,389       5,104,283       22,798       14,790       11,937       109,372       9,911  

 

See accompanying notes to financial statements.

 

F-11


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

    Janus Aspen Series (continued)  
    

Janus Henderson
Enterprise
Portfolio —
Service Shares

    Janus Henderson
Flexible Bond
Portfolio —
Institutional Shares
    Janus Henderson
Forty Portfolio —
Institutional Shares
    Janus Henderson
Forty Portfolio —
Service Shares
    Janus Henderson
Global Research
Portfolio —
Institutional Shares
 
Assets:          
Investments at fair value (note 2b)     $128,146       $228       $1,111,643       $1,124,866       $264,171  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     30       —        —        —        —   
Total assets     128,176       228       1,111,643       1,124,866       264,171  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     5       (1     43       49       10  
Payable for units withdrawn     —        1       —        —        —   
Total liabilities     5       —        43       49       10  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     128,171       228       1,060,143       1,121,650       253,030  
Variable annuity contract owners in the annuitization period     —        —        51,457       3,167       11,131  
Net assets     $128,171       $228       $1,111,600       $1,124,817       $264,161  
Investments in securities at cost     $108,754       $235       $739,341       $843,440       $154,505  
Shares outstanding     1,747       23       18,708       21,686       3,316  

 

    Legg Mason Partners Variable Equity Trust
(continued)
    Lincoln Variable Insurance
Products Trust
 
    

ClearBridge
Variable
Dividend
Strategy

Portfolio —
Class II

    ClearBridge
Variable
Growth
Portfolio —
Class II
    ClearBridge
Variable
Large Cap
Value
Portfolio —
Class I
    LVIP American
Century
Disciplined Core
Value Fund —
Standard Class II
   

LVIP American
Century Inflation
Protection

Fund —

Service Class

 
Assets:          
Investments at fair value (note 2b)     $46,962       $137,297       $211,355       $44,781       $2,655,373  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        51  
Total assets     46,962       137,297       211,355       44,781       2,655,424  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     3       6       7       2       128  
Payable for units withdrawn     2       —        2       1       —   
Total liabilities     5       6       9       3       128  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     46,957       137,291       211,346       44,778       2,520,387  
Variable annuity contract owners in the annuitization period     —        —        —        —        134,909  
Net assets     $46,957       $137,291       $211,346       $44,778       $2,655,296  
Investments in securities at cost     $45,417       $184,621       $229,287       $38,327       $2,917,923  
Shares outstanding     2,300       10,370       11,020       4,626       293,866  

 

See accompanying notes to financial statements.

 

F-12


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

Janus Aspen Series (continued)     Legg Mason
Partners
Variable Equity
Trust
 
Janus Henderson
Global Research
Portfolio —
Service Shares
    Janus Henderson
Global Technology
and Innovation
Portfolio —
Service Shares
   

Janus Henderson
Overseas

Portfolio —
Institutional Shares

   

Janus Henderson
Overseas

Portfolio —
Service Shares

    Janus Henderson
Research
Portfolio —
Institutional Shares
   

Janus Henderson
Research

Portfolio —
Service Shares

   

ClearBridge
Variable Dividend
Strategy

Portfolio —
Class I

 
           
  $138,384       $2       $99,192       $99,767       $625,070       $11,056       $—   
  —        —        —        —        —        —        —   
  —        —        —        —        —        —        —   
  138,384       2       99,192       99,767       625,070       11,056       —   
           
  6       2       4       13       24       —        —   
  —        —        —        —        —        —        —   
  6       2       4       13       24       —        —   
           
  138,378       —        96,822       99,754       625,046       11,056       —   
  —        —        2,366       —        —        —        —   
  $138,378       $—        $99,188       $99,754       $625,046       $11,056       $—   
  $81,021       $1       $70,695       $57,129       $331,383       $5,542       $—   
  1,811       —        1,777       1,882       9,631       181       —   

 

Lincoln Variable Insurance Products Trust (continued)

 

LVIP

American

Century
International
Fund —

Standard Class II

   

LVIP

American Century
Ultra® Fund —

Standard Class II

   

LVIP

American Century
Value Fund —

Standard Class II

   

LVIP

JPMorgan Core
Bond Fund —

Standard Class

   

LVIP

JPMorgan Mid
Cap Value
Fund —

Standard Class

   

LVIP JPMorgan
Small Cap Core
Fund —

Standard Class

   

LVIP

JPMorgan
U.S. Equity
Fund —

Standard Class

 
           
  $194,765       $642,320       $165,968       $1,044,980       $708,489       $109,948       $1,018,653  
  —        —        —        —        —        —        —   
  —        —        —        28       10       28       —   
  194,765       642,320       165,968       1,045,008       708,499       109,976       1,018,653  
           
  10       28       7       52       32       5       53  
  4       —        —        —        —        —        —   
  14       28       7       52       32       5       53  
           
  166,981       621,177       165,961       927,685       640,453       86,480       880,629  
  27,770       21,115       —        117,271       68,014       23,491       137,971  
  $194,751       $642,292       $165,961       $1,044,956       $708,467       $109,971       $1,018,600  
  $172,689       $474,981       $131,453       $1,107,775       $733,714       $100,041       $891,171  
  15,906       20,394       12,847       104,960       78,616       5,010       20,634  

 

See accompanying notes to financial statements.

 

F-13


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

    MFS® Variable Insurance Trust     MFS® Variable
Insurance
Trust II
 
     MFS® Investors
Trust Series —
Service
Class Shares
   

MFS® New
Discovery
Series —

Service
Class Shares

    MFS® Total
Return Series —
Service
Class Shares
   

MFS® Utilities
Series —

Service
Class Shares

    MFS® Income
Portfolio —
Service
Class Shares
 
Assets:          
Investments at fair value (note 2b)     $260,059       $380,653       $3,309,275       $640,586       $24,128  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     85       43       —        162       —   
Total assets     260,144       380,696       3,309,275       640,748       24,128  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     11       16       164       28       1  
Payable for units withdrawn     —        —        435       —        1  
Total liabilities     11       16       599       28       2  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     260,133       380,680       3,234,885       633,804       17,293  
Variable annuity contract owners in the annuitization period     —        —        73,791       6,916       6,833  
Net assets     $260,133       $380,680       $3,308,676       $640,720       $24,126  
Investments in securities at cost     $261,122       $439,800       $3,199,328       $517,158       $25,558  
Shares outstanding     10,170       31,459       146,169       17,398       2,852  

 

    Rydex Variable
Trust
    State Street Variable Insurance Series Funds, Inc.  
     NASDAQ —
100® Fund
    Income
V.I.S. Fund —
Class 1 Shares
    Premier Growth
Equity
V.I.S. Fund —
Class 1 Shares
    Real Estate
Securities
V.I.S. Fund —
Class 1 Shares
    S&P 500® Index
V.I.S. Fund —
Class 1 Shares
 
Assets:          
Investments at fair value (note 2b)     $219,990       $318,155       $614,449       $807,039       $6,374,909  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     4       356       53       357       2,921  
Total assets     219,994       318,511       614,502       807,396       6,377,830  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     9       14       18       36       267  
Payable for units withdrawn     —        —        —        —        —   
Total liabilities     9       14       18       36       267  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     219,985       318,497       614,484       796,664       6,242,210  
Variable annuity contract owners in the annuitization period     —        —        —        10,696       135,353  
Net assets     $219,985       $318,497       $614,484       $807,360       $6,377,563  
Investments in securities at cost     $111,032       $365,382       $542,440       $850,142       $4,398,087  
Shares outstanding     2,274       32,598       5,348       76,715       107,612  

 

See accompanying notes to financial statements.

 

F-14


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

MFS® Variable
Insurance
Trust II
(continued)
    PIMCO Variable Insurance Trust  
MFS®
Massachusetts
Investors Growth
Stock Portfolio —
Service
Class Shares
    All Asset
Portfolio —
Advisor
Class Shares
    High Yield
Portfolio —
Administrative
Class Shares
    International
Bond Portfolio
(U.S. Dollar
Hedged) —
Administrative
Class Shares
    Long-Term U.S.
Government
Portfolio —
Administrative
Class Shares
    Low Duration
Portfolio —
Administrative
Class Shares
    Total Return
Portfolio —
Administrative
Class Shares
 
           
  $306,566       $227,673       $2,856,116       $8,238       $3,661,366       $4,718,571       $9,937,623  
  —        —        14,929       24       10,802       15,854       35,432  
  —        —        250       —        314       —        95  
  306,566       227,673       2,871,295       8,262       3,672,482       4,734,425       9,973,150  
           
  13       10       132       1       174       222       460  
  —        —        —        1       —        20       —   
  13       10       132       2       174       242       460  
           
  221,898       227,663       2,787,730       8,260       3,582,533       4,576,180       9,809,144  
  84,655       —        83,433       —        89,775       158,003       163,546  
  $306,553       $227,663       $2,871,163       $8,260       $3,672,308       $4,734,183       $9,972,690  
  $303,712       $242,324       $2,814,161       $8,484       $4,376,850       $4,782,011       $10,317,760  
  14,018       23,327       385,441       821       489,487       482,471       1,051,600  

 

State Street Variable Insurance Series Funds, Inc. (continued)     The Alger Portfolios     The Prudential
Series Fund
 
Small-Cap Equity
V.I.S. Fund —
Class 1 Shares
    Total Return
V.I.S. Fund —
Class 1 Shares
    Total Return
V.I.S. Fund —
Class 3 Shares
    U.S. Equity
V.I.S. Fund —
Class 1 Shares
    Alger Large Cap
Growth
Portfolio —
Class I-2 Shares
    Alger Small Cap
Growth
Portfolio —
Class I-2 Shares
    PSF Natural
Resources
Portfolio —
Class II Shares
 
           
  $802,305       $8,549,087       $28,671,978       $482,292       $267,704       $57,899       $—   
  —        —        —        —        —        —        —   
  —        —        —        262       —        —        —   
  802,305       8,549,087       28,671,978       482,554       267,704       57,899       —   
           
  34       372       1,544       23       10       2       —   
  3       57,174       89,692       —        —        —        —   
  37       57,546       91,236       23       10       2       —   
           
  763,449       3,343,069       26,219,874       482,531       267,694       54,818       —   
  38,819       5,148,472       2,360,868       —        —        3,079       —   
  $802,268       $8,491,541       $28,580,742       $482,531       $267,694       $57,897       $—   
  $930,096       $8,167,336       $27,316,779       $463,146       $175,935       $77,066       $—   
  72,345       504,074       1,690,565       10,370       2,595       3,106       —   

 

See accompanying notes to financial statements.

 

F-15


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2025

 

    The Prudential Series Fund
(continued)
 
     PSF PGIM
Jennison Blend
Portfolio —
Class II Shares
    PSF PGIM
Jennison Growth
Portfolio —
Class II Shares
 
Assets:    
Investments at fair value (note 2b)     $726,328       $277,366  
Dividend receivable     —        —   
Receivable for units sold     —        —   
Total assets     726,328       277,366  
Liabilities:    
Accrued expenses payable to affiliate (note 4b)     36       12  
Payable for units withdrawn     —        —   
Total liabilities     36       12  
Net assets attributable to:    
Variable annuity contract owners in the accumulation period     726,292       277,354  
Variable annuity contract owners in the annuitization period     —        —   
Net assets     $726,292       $277,354  
Investments in securities at cost     $565,036       $79,000  
Shares outstanding     5,194       1,404  

 

See accompanying notes to financial statements.

 

F-16


Table of Contents

[THIS PAGE INTENTIONALLY LEFT BLANK]


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations

 

    AB Variable Products Series Fund, Inc.  
    AB VPS
Balanced
Hedged
Allocation
Portfolio —
Class B
    AB VPS
International
Value

Portfolio —
Class B
    AB VPS
Large Cap
Growth
Portfolio —
Class B
    AB VPS
Relative

Value
Portfolio —
Class B
    AB VPS
Small Cap
Growth
Portfolio —
Class B
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $39,286       $9,309       $—        $14,909       $—   
Mortality and expense risk and administrative charges (note 4a)     36,414       6,376       16,854       30,102       4,462  
Net investment income (expense)     2,872       2,933       (16,854     (15,193     (4,462
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (21,150     13,744       83,957       147,630       (13,913
Change in unrealized appreciation (depreciation)     207,093       117,504       (44,759     (120,861     29,214  
Capital gain distributions     108,887       —        93,782       139,217       —   
Net realized and unrealized gain (loss) on investments     294,830       131,248       132,980       165,986       15,301  
Increase (decrease) in net assets from operations     $297,702       $134,181       $116,126       $150,793       $10,839  

 

    AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)  
    Invesco
V.I.
Discovery
Large Cap
Fund —

Series I shares
    Invesco
V.I.
Discovery
Large Cap
Fund —

Series II Shares
    Invesco
V.I.
Discovery
Mid Cap
Growth

Fund —
Series I shares
    Invesco
V.I.
Discovery
Mid Cap
Growth

Fund —
Series II shares
    Invesco
V.I.
EQV
International
Equity

Fund —
Series II shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $—        $—        $—        $—        $32,256  
Mortality and expense risk and administrative charges (note 4a)     2,215       17,218       2,532       2,274       46,382  
Net investment income (expense)     (2,215     (17,218     (2,532     (2,274     (14,126
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     15,347       45,733       2,903       342       13,813  
Change in unrealized appreciation (depreciation)     (14,906     (61,304     (9,256     (8,219     199,069  
Capital gain distributions     19,454       139,333       14,681       14,350       176,015  
Net realized and unrealized gain (loss) on investments     19,895       123,762       8,328       6,473       388,897  
Increase (decrease) in net assets from operations     $17,680       $106,544       $5,796       $4,199       $374,771  

 

See accompanying notes to financial statements.

 

F-18


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

AB Variable
Products

Series Fund,
Inc. (continued)

    AIM Variable Insurance Funds (Invesco Variable Insurance Funds)  
AB VPS
Sustainable
Global
Thematic
Portfolio —
Class B
   

Invesco

V.I.

American
Franchise
Fund —

Series I shares

   

Invesco

V.I.

American
Franchise
Fund —

Series II shares

   

Invesco

V.I.

American
Value

Fund —
Series II shares

   

Invesco

V.I.

Comstock
Fund —

Series II shares

   

Invesco

V.I.

Core

Equity
Fund —
Series I shares

   

Invesco

V.I.

Core

Plus Bond

Fund —

Series I shares

 

Year ended
December 31,

2025

    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
   

Year ended
December 31,

2025

 
           
  $—        $—        $—        $1,143       $54,939       $67,939       $24,197  
  772       5,534       1,032       8,044       57,329       168,568       7,848  
  (772     (5,534     (1,032     (6,901     (2,390     (100,629     16,349  
           
  266       72,329       1,991       1,669       34,599       81,735       135  
  (3,868     (54,140     (2,008     15,377       63,428       566,126       13,861  
  6,475       20,972       6,947       82,109       407,134       782,109       —   
  2,873       39,161       6,930       99,155       505,161       1,429,970       13,996  
  $2,101       $33,627       $5,898       $92,254       $502,771       $1,329,341       $30,345  

 

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)  

Invesco

V.I.

Equity and
Income

Fund —

Series I shares

   

Invesco

V.I.

Equity and
Income

Fund —

Series II shares

   

Invesco

V.I.

Global

Fund —

Series II shares

   

Invesco

V.I.

Global Real
Estate

Fund —

Series II shares

   

Invesco

V.I.

Global

Strategic
Income

Fund —

Series I shares

   

Invesco

V.I.

Main

Street

Fund®
Series II shares

   

Invesco

V.I.

Main

Street

Small Cap
Fund®
Series II shares

 

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

 
           
  $701       $37,775       $—        $80       $197       $39,105       $8,208  
  461       44,542       49,256       2,004       48       212,752       59,859  
  240       (6,767     (49,256     (1,924     149       (173,647     (51,651
           
  24       23,798       45,534       12,145       (32     (346     58,331  
  1,499       77,442       (185,815     (1,705     251       1,029,862       (129,903
  1,780       108,381       573,882       —        —        784,663       364,983  
  3,303       209,621       433,601       10,440       219       1,814,179       293,411  
  $3,543       $202,854       $384,345       $8,516       $368       $1,640,532       $241,760  

 

See accompanying notes to financial statements.

 

F-19


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    Allspring
Variable Trust
    BNY Mellon     BlackRock
Variable Series
Funds, Inc.
 
    Allspring VT
Discovery All
Cap Growth
Fund —
Class 2
    BNY
Mellon
Investment
Portfolios —
MidCap

Stock
Portfolio —
Initial Shares
    BNY
Mellon
Sustainable U.S.
Equity
Portfolio,

Inc. —
Initial Shares
    BNY
Mellon
Variable
Investment
Fund —
Government
Money Market
Portfolio
    BlackRock
Advantage
SMID Cap V.I.
Fund —
Class III
Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $—        $1,361       $65       $31,783       $1,096  
Mortality and expense risk and administrative charges (note 4a)     3,866       2,093       417       12,486       1,230  
Net investment income (expense)     (3,866     (732     (352     19,297       (134
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (1,722     7,024       119       —        (15,038
Change in unrealized appreciation (depreciation)     (48,983     (13,713     1,684       —        9,377  
Capital gain distributions     85,601       17,694       2,088       —        9,955  
Net realized and unrealized gain (loss) on investments     34,896       11,005       3,891       —        4,294  
Increase (decrease) in net assets from operations     $31,030       $10,273       $3,539       $19,297       $4,160  

 

    Federated Hermes Insurance Series     Fidelity®
Variable
Insurance
Products Fund
 
    Federated
Hermes High
Income Bond
Fund II —
Primary
Shares
    Federated
Hermes High
Income Bond
Fund II —
Service Shares
    Federated
Hermes
Kaufmann
Fund II —
Service Shares
    Federated
Hermes
Managed
Volatility
Fund II —
Primary
Shares
    VIP
Asset
Manager 50%
Portfolio —
Initial Class
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $12       $32,417       $—        $827       $3,009  
Mortality and expense risk and administrative charges (note 4a)     3       7,763       45,875       412       1,643  
Net investment income (expense)     9       24,654       (45,875     415       1,366  
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (5     (17,781     3,338       5       214  
Change in unrealized appreciation (depreciation)     7       25,291       (36,260     721       7,986  
Capital gain distributions     —        —        334,186       504       5,200  
Net realized and unrealized gain (loss) on investments     2       7,510       301,264       1,230       13,400  
Increase (decrease) in net assets from operations     $11       $32,164       $255,389       $1,645       $14,766  

 

See accompanying notes to financial statements.

 

F-20


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

BlackRock Variable Series Funds, Inc. (continued)     Columbia Funds Variable Series
Trust II
    Deutsche
DWS
Variable
Series II
    Eaton Vance
Variable Trust
 

BlackRock
Basic

Value V.I. Fund
— Class III
Shares

   

BlackRock
Global
Allocation V.I.
Fund —
Class III Shares

    BlackRock
Large Cap
Focus Growth
V.I. Fund —
Class III Shares
    CTIVP®
Principal
Large Cap
Growth Fund
— Class 1
    Columbia
Variable
Portfolio —
Overseas Core
Fund —
Class 2
    DWS Small
Mid Cap
Value VIP
— Class B
Shares
   

VT

Floating-Rate
Income Fund

 

Year ended
December 31,

2025

    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
   

Year ended
December 31,

2025

 
           
  $9,193       $1,005,865       $—        $—        $14,382       $398       $196,507  
  8,663       469,306       2,495       10,465       12,352       2,633       49,630  
  530       536,559       (2,495     (10,465     2,030       (2,235     146,877  
           
  7,622       (47,119     12,794       152,215       49,397       1,584       (30,302
  34,706       1,180,551       (21,431     (56,328     193,486       21,987       (55,419
  63,446       2,472,207       26,390       —        —        7,843       —   
  105,774       3,605,639       17,753       95,887       242,883       31,414       (85,721
  $106,304       $4,142,198       $15,258       $85,422       $244,913       $29,179       $61,156  

 

Fidelity® Variable Insurance Products Fund (continued)

 

VIP

Asset

Manager 50%
Portfolio —
Service Class 2

   

VIP

Balanced
Portfolio —
Service Class 2

    VIP
Contrafund®
Portfolio —
Initial Class
    VIP
Contrafund®
Portfolio —
Service Class 2
   

VIP

Dynamic
Capital
Appreciation
Portfolio —
Service Class 2

   

VIP

Equity-Income
PortfolioSM
Initial Class

   

VIP

Equity-Income
PortfolioSM
Service Class 2

 

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

 
           
  $1,024       $50,186       $1,414       $—        $68       $4,878       $36,817  
  665       75,722       13,841       343,363       260       3,715       37,107  
           
  359       (25,536     (12,427     (343,363     (192     1,163       (290
  344       455,626       12,055       1,258,561       225       977       97,536  
  2,577       (247,769     19,434       (594,230     (456     25,412       140,420  
  2,013       238,749       160,714       3,383,651       2,968       14,996       131,755  
  4,934       446,606       192,203       4,047,982       2,737       41,385       369,711  
  $5,293       $421,070       $179,776       $3,704,619       $2,545       $42,548       $369,421  

 

See accompanying notes to financial statements.

 

F-21


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    Fidelity® Variable Insurance Products Fund (continued)  
    VIP
Growth &
Income
Portfolio —
Initial Class
    VIP
Growth &
Income
Portfolio —
Service Class 2
    VIP
Growth
Opportunities
Portfolio —
Initial Class
    VIP
Growth
Opportunities
Portfolio —
Service Class 2
    VIP
Growth
Portfolio —
Initial Class
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $4,580       $8,695       $—        $—        $1,847  
Mortality and expense risk and administrative charges (note 4a)     4,120       10,053       1,296       5,182       8,729  
Net investment income (expense)     460       (1,358     (1,296     (5,182     (6,882
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     31,316       41,319       1,728       21,430       6,288  
Change in unrealized appreciation (depreciation)     (5,831     10,849       15,512       37,561       (2,660
Capital gain distributions     27,696       62,972       1,458       4,368       81,761  
Net realized and unrealized gain (loss) on investments     53,181       115,140       18,698       63,359       85,389  
Increase (decrease) in net assets from operations     $53,641       $113,782       $17,402       $58,177       $78,507  

 

    Franklin Templeton Variable Insurance Products Trust (continued)  
    Franklin
Large Cap
Growth VIP
Fund —
Class 2 Shares
    Franklin
Mutual Shares
VIP Fund —
Class 2 Shares
    Templeton
Foreign VIP
Fund —
Class 1 Shares
    Templeton
Foreign VIP
Fund —
Class 2 Shares
    Templeton
Global Bond
VIP Fund —
Class 1 Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $—        $59,462       $—        $4,244       $—   
Mortality and expense risk and administrative charges (note 4a)     3,100       48,829       —        2,827       28  
Net investment income (expense)     (3,100     10,633       —        1,417       (28
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     230       (18,023     —        7,490       (6
Change in unrealized appreciation (depreciation)     (25,604     (4,983     —        22,789       301  
Capital gain distributions     39,593       292,971       —        11,851       —   
Net realized and unrealized gain (loss) on investments     14,219       269,965       —        42,130       295  
Increase (decrease) in net assets from operations     $11,119       $280,598       $—        $43,547       $267  

 

See accompanying notes to financial statements.

 

F-22


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

Fidelity® Variable Insurance Products Fund (continued)     Franklin Templeton Variable
Insurance Products Trust
 

VIP

Growth
Portfolio —
Service Class 2

   

VIP

Investment
Grade Bond
Portfolio —
Service Class 2

   

VIP

Mid Cap
Portfolio —
Service Class 2

   

VIP

Overseas
Portfolio —
Initial Class

   

VIP

Value Strategies
Portfolio —
Service Class 2

    Franklin
Allocation VIP
Fund — Class 2
Shares
    Franklin
Income VIP
Fund — Class 2
Shares
 

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

 
           
  $570       $233,202       $7,289       $2,148       $359       $113,896       $937,118  
  17,320       117,782       69,640       1,896       741       104,091       363,086  
           
  (16,750     115,420       (62,351     252       (382     9,805       574,032  
  9,310       (69,080     (155,416     2,354       873       (125,103     (66,351
  (8,745     303,831       100,110       7,868       919       459,877       1,102,158  
  153,027       —        471,485       11,949       1,810       240,435       196,979  
  153,592       234,751       416,179       22,171       3,602       575,209       1,232,786  
  $136,842       $350,171       $353,828       $22,423       $3,220       $585,014       $1,806,818  

 

Franklin
Templeton
Variable
Insurance
Products Trust
(continued)
    Goldman Sachs Variable Insurance Trust     Janus Aspen Series  
Templeton
Growth VIP
Fund — Class 2
Shares
    Goldman Sachs
Government
Money Market
Fund — Service
Shares
    Goldman Sachs
Large Cap
Value Fund —
Institutional
Shares
    Goldman Sachs
Mid Cap Value
Fund —
Institutional
Shares
    Janus
Henderson
Balanced
Portfolio —
Institutional
Shares
    Janus
Henderson
Balanced
Portfolio —
Service Shares
    Janus
Henderson
Enterprise
Portfolio —
Institutional
Shares
 

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

 
           
  $4,543       $218,096       $1,994       $3,385       $12,836       $111,191       $2,528  
  9,008       88,100       2,551       4,170       8,849       115,403       11,252  
  (4,465     129,996       (557     (785     3,987       (4,212     (8,724
           
  13,885       —        (1,458     4,919       12,689       501,524       8,913  
  54,368       —        (6,666     (12,772     42,862       106,871       (11,275
  39,005       —        24,798       30,694       20,570       209,872       59,391  
  107,258       —        16,674       22,841       76,121       818,267       57,029  
  $102,793       $129,996       $16,117       $22,056       $80,108       $814,055       $48,305  

 

See accompanying notes to financial statements.

 

F-23


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    Janus Aspen Series (continued)  
    Janus
Henderson
Enterprise
Portfolio —
Service Shares
    Janus
Henderson
Flexible Bond
Portfolio —
Institutional
Shares
    Janus
Henderson
Forty Portfolio
— Institutional
Shares
    Janus
Henderson
Forty Portfolio
— Service
Shares
    Janus
Henderson
Global
Research
Portfolio —
Institutional
Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $210       $12       $3,082       $2,967       $1,857  
Mortality and expense risk and administrative charges (note 4a)     1,772       4       14,417       17,433       3,519  
Net investment income (expense)     (1,562     8       (11,335     (14,466     (1,662
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     272       —        16,028       70,583       7,206  
Change in unrealized appreciation (depreciation)     (1,936     4       33,339       (37,824     17,254  
Capital gain distributions     9,992       —        120,130       152,153       21,408  
Net realized and unrealized gain (loss) on investments     8,328       4       169,497       184,912       45,868  
Increase (decrease) in net assets from operations     $6,766       $12       $158,162       $170,446       $44,206  

 

    Legg Mason Partners Variable Equity Trust
(continued)
    Lincoln Variable Insurance
Products Trust
 
    ClearBridge
Variable
Dividend
Strategy
Portfolio —
Class II
    ClearBridge
Variable
Growth
Portfolio —
Class II
    ClearBridge
Variable Large
Cap Value
Portfolio —
Class I
    LVIP
American
Century
Disciplined
Core Value
Fund —
Standard
Class II
    LVIP
American
Century
Inflation
Protection
Fund —
Service Class
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $866       $—        $2,333       $708       $192,384  
Mortality and expense risk and administrative charges (note 4a)     1,489       2,048       3,318       622       47,091  
Net investment income (expense)     (623     (2,048     (985     86       145,293  
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     24,739       (1,211     (2,857     43       (43,686
Change in unrealized appreciation (depreciation)     (24,837     (4,383     (1,055     5,076       20,295  
Capital gain distributions     6,223       21,687       20,290       —        —   
Net realized and unrealized gain (loss) on investments     6,125       16,093       16,378       5,119       (23,391
Increase (decrease) in net assets from operations     $5,502       $14,045       $15,393       $5,205       $121,902  

 

See accompanying notes to financial statements.

 

F-24


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

Janus Aspen Series (continued)     Legg Mason
Partners
Variable Equity
Trust
 
Janus
Henderson
Global Research
Portfolio —
Service Shares
    Janus
Henderson
Global
Technology and
Innovation
Portfolio —
Service Shares
    Janus
Henderson
Overseas
Portfolio —
Institutional
Shares
    Janus
Henderson
Overseas
Portfolio —
Service Shares
    Janus
Henderson
Research
Portfolio —
Institutional
Shares
    Janus
Henderson
Research
Portfolio —
Service Shares
    ClearBridge
Variable
Dividend
Strategy
Portfolio —
Class I
 

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

 
           
  $767       $—        $1,302       $1,201       $783       $13       $—   
  2,060       —        1,267       1,413       9,001       154       —   
  (1,293     —        35       (212     (8,218     (141     —   
           
  8,510       —        1,580       769       46,767       685       —   
  4,613       —        19,901       20,484       14,806       248       —   
  11,447       —        —        —        48,164       828       —   
  24,570       —        21,481       21,253       109,737       1,761       —   
  $23,277       $—        $21,516       $21,041       $101,519       $1,620       $—   

 

Lincoln Variable Insurance Products Trust (continued)

 

LVIP

American
Century
International
Fund —
Standard
Class II

   

LVIP

American
Century Ultra®
Fund —
Standard
Class II

   

LVIP

American
Century Value
Fund —
Standard
Class II

    LVIP
JPMorgan Core
Bond Fund —
Standard Class
    LVIP
JPMorgan Mid
Cap Value Fund
— Standard
Class
    LVIP
JPMorgan
Small Cap Core
Fund —
Standard Class
    LVIP
JPMorgan U.S.
Equity Fund —
Standard Class
 

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

 
           
  $2,303       $—        $2,570       $36,738       $7,858       $658       $4,447  
  3,684       9,653       2,355       18,905       11,684       3,605       11,468  
  (1,381     (9,653     215       17,833       (3,826     (2,947     (7,021
           
  3,393       94,764       1,754       (13,525     22,249       16,528       27,825  
  23,526       (70,817     7,208       52,325       (72,530     (12,868     14,758  
  —        51,010       12,101       —        75,109       8,607       28,085  
  26,919       74,957       21,063       38,800       24,828       12,267       70,668  
  $25,538       $65,304       $21,278       $56,633       $21,002       $9,320       $63,647  

 

See accompanying notes to financial statements.

 

F-25


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    MFS® Variable Insurance Trust     MFS® Variable
Insurance
Trust II
 
    MFS®
Investors Trust
Series —
Service
Class Shares
    MFS®
New Discovery
Series —
Service
Class Shares
    MFS®
Total Return
Series —
Service
Class Shares
    MFS®
Utilities
Series —
Service
Class Shares
    MFS®
Income
Portfolio —
Service
Class Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $1,492       $—        $82,826       $17,337       $998  
Mortality and expense risk and administrative charges (note 4a)     3,923       5,634       60,272       10,561       366  
Net investment income (expense)     (2,431     (5,634     22,554       6,776       632  
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     5,048       (11,413     24,655       36,631       (169
Change in unrealized appreciation (depreciation)     (81,068     54,814       (3,918     28,808       851  
Capital gain distributions     105,566       —        243,678       8,646       —   
Net realized and unrealized gain (loss) on investments     29,546       43,401       264,415       74,085       682  
Increase (decrease) in net assets from operations     $27,115       $37,767       $286,969       $80,861       $1,314  

 

    Rydex Variable
Trust
    State Street Variable Insurance Series Funds, Inc.  
    NASDAQ —
100® Fund
    Income V.I.S.
Fund —
Class 1 Shares
    Premier
Growth Equity
V.I.S. Fund —
Class 1 Shares
    Real Estate
Securities
V.I.S. Fund —
Class 1 Shares
    S&P 500®
Index V.I.S.
Fund —
Class 1 Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:          
Income — Ordinary dividends     $63       $11,811       $—        $8,884       $58,746  
Mortality and expense risk and administrative charges (note 4a)     3,186       5,069       8,799       13,388       92,687  
Net investment income (expense)     (3,123     6,742       (8,799     (4,504     (33,941
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     16,226       (4,016     5,551       (7,033     369,971  
Change in unrealized appreciation (depreciation)     3,415       10,408       (11,612     4,328       105,516  
Capital gain distributions     11,426       —        108,778       10,486       436,470  
Net realized and unrealized gain (loss) on investments     31,067       6,392       102,717       7,781       911,957  
Increase (decrease) in net assets from operations     $27,944       $13,134       $93,918       $3,277       $878,016  

 

See accompanying notes to financial statements.

 

F-26


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

MFS® Variable
Insurance
Trust II
(continued)
    PIMCO Variable Insurance Trust  
MFS®
Massachusetts
Investors
Growth Stock
Portfolio —
Service
Class Shares
    All Asset
Portfolio —
Advisor
Class Shares
    High Yield
Portfolio —
Administrative
Class Shares
    International
Bond Portfolio
(U.S. Dollar
Hedged) —
Administrative
Class Shares
    Long-Term U.S.
Government
Portfolio —
Administrative
Class Shares
    Low Duration
Portfolio —
Administrative
Class Shares
    Total Return
Portfolio —
Administrative
Class Shares
 

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

 
           
  $50       $10,096       $181,376       $282       $114,699       $186,504       $426,684  
  8,778       3,469       48,662       129       60,227       80,767       174,980  
  (8,728     6,627       132,714       153       54,472       105,737       251,704  
           
  70,552       (2,498     3,190       (11     (246,988     (26,001     (218,761
  (61,159     22,136       61,543       43       371,914       95,855       688,789  
  43,646       —        —        —        —        —        —   
  53,039       19,638       64,733       32       124,926       69,854       470,028  
  $44,311       $26,265       $197,447       $185       $179,398       $175,591       $721,732  

 

State Street Variable Insurance Series Funds, Inc. (continued)     The Alger Portfolios     The Prudential
Series Fund
 
Small-Cap
Equity V.I.S.
Fund — Class 1
Shares
    Total Return
V.I.S. Fund —
Class 1 Shares
    Total Return
V.I.S. Fund —
Class 3 Shares
    U.S. Equity
V.I.S. Fund —
Class 1 Shares
    Alger Large
Cap Growth
Portfolio —
Class I-2 Shares
    Alger Small Cap
Growth
Portfolio —
Class I-2 Shares
    PSF Natural
Resources
Portfolio —
Class II Shares
 

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

   

Year ended
December 31,

2025

    Period from
January 1 to
April 11, 2025
 
           
  $—        $203,062       $614,275       $933       $—        $—        $—   
  12,670       128,330       570,229       6,883       3,422       1,044       1,718  
  (12,670     74,732       44,046       (5,950     (3,422     (1,044     (1,718
           
  (7,714     34,874       198,952       2,561       9,687       (9,059     32,103  
  (89,673     606,944       2,177,729       (18,835     27,490       13,411       (50,910
  93,241       353,732       1,198,256       83,859       28,808       925       —   
  (4,146     995,550       3,574,937       67,585       65,985       5,277       (18,807
  $(16,816     $1,070,282       $3,618,983       $61,635       $62,563       $4,233       $(20,525

 

See accompanying notes to financial statements.

 

F-27


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    The Prudential Series Fund
(continued)
 
    PSF PGIM
Jennison Blend
Portfolio —
Class II Shares
    PSF PGIM
Jennison
Growth
Portfolio —
Class II Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2025
 
Investment income and expense:    
Income — Ordinary dividends     $ —        $ —   
Mortality and expense risk and administrative charges (note 4a)     8,703       4,112  
Net investment income (expense)     (8,703     (4,112
Net realized and unrealized gain (loss) on investments:    
Net realized gain (loss)     29,342       4,632  
Change in unrealized appreciation (depreciation)     109,052       29,317  
Capital gain distributions     —        —   
Net realized and unrealized gain (loss) on investments     138,394       33,949  
Increase (decrease) in net assets from operations     $129,691       $29,837  

 

See accompanying notes to financial statements.

 

F-28


Table of Contents

[THIS PAGE INTENTIONALLY LEFT BLANK]


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets

 

   
AB Variable Products Series Fund, Inc.
 
    AB VPS
Balanced Hedged
Allocation Portfolio —
Class B
    AB VPS
International
Value Portfolio —
Class B
    AB VPS
Large Cap
Growth Portfolio —
Class B
 
    

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $ 2,872       $ (35     $ 2,933       $ (19,595     $ (16,854     $ (18,788
Net realized gain (loss) on investments     (21,150     (35,017     13,744       122,175       83,957       69,065  
Change in unrealized appreciation (depreciation) on investments     207,093       128,086       117,504       48,699       (44,759     134,113  
Capital gain distributions     108,887       42,268       —        —        93,782       53,748  
Increase (decrease) in net assets from operations     297,702       135,302       134,181       151,279       116,126       238,138  
From capital transactions (note 4):            
Net premiums     —        50       —        525       —        —   
Transfers for contract benefits and terminations     (186,051     (129,821     (14,310     (118,303     (51,912     (170,382
Administrative expenses     (32,210     (32,089     (2,683     (22,029     (679     (744
Transfers between subaccounts (including fixed account), net     (126,152     (1,565     (37,310     (2,328,970     (164,153     (34,499
Increase (decrease) in net assets from capital transactions     (344,413     (163,425     (54,303     (2,468,777     (216,744     (205,625
Increase (decrease) in net assets     (46,711     (28,123     79,878       (2,317,498     (100,618     32,513  
Net assets at beginning of year     2,044,286       2,072,409       362,402       2,679,900       1,150,050       1,117,537  
Net assets at end of year     $1,997,575       $2,044,286       $442,280       $ 362,402       $1,049,432       $1,150,050  
Change in units (note 5):            
Units purchased     2,849       4,793       183       27,316       908       382  
Units redeemed     (22,211     (15,064     (4,694     (358,634     (5,181     (4,385
Net increase (decrease) in units from capital transactions with contract owners     (19,362     (10,271     (4,511     (331,318     (4,273     (4,003

 

See accompanying notes to financial statements.

 

F-30


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 


AB Variable Products Series Fund, Inc. (continued)
    AIM Variable Insurance Funds (Invesco Variable
Insurance Funds)
 

AB VPS

Relative Value
Portfolio —

Class B

   

AB VPS
Small Cap Growth
Portfolio —

Class B

    AB VPS
Sustainable Global
Thematic Portfolio —
Class B
   

Invesco V.I. American
Franchise Fund —

Series I shares

   

Invesco V.I. American
Franchise Fund —

Series II shares

 

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

 
                 
                 
  $ (15,193     $ (6,327     $ (4,462     $ (6,135     $ (772     $ (881     $ (5,534     $ (7,399     $(1,032     $(3,587
  147,630       195,525       (13,913     (160,667     266       4,845       72,329       17,067       1,991       41,289  
  (120,861     19,863       29,214       226,284       (3,868     (1,214     (54,140     111,260       (2,008     33,750  
  139,217       103,085       —        —        6,475       187       20,972       —        6,947       —   
  150,793       312,146       10,839       59,482       2,101       2,937       33,627       120,928       5,898       71,452  
                 
  19,405       50             —        —        —        —        —        —        —   
  (416,045     (884,626     (23,792     (276,201     (256     (13,949     (56,496     (35,726     (1,434     (388,682
  (3,451     (3,766     (2,251     (2,738     (23     (12     (403     (471     (43     (675
  (170,102     (37,715     12,296       (3,624     477       5,493       (182,280     (41,528     (5,337     (6,491
  (570,193     (926,057     (13,747     (282,563     198       (8,468     (239,179     (77,725     (6,814     (395,848
  (419,400     (613,911     (2,908     (223,081     2,299       (5,531     (205,552     43,203       (916     (324,396
  2,149,706       2,763,617       300,719       523,800       47,563       53,094       436,763       393,560       68,688       393,084  
  $1,730,306       $2,149,706       $297,811       $300,719       $49,862       $47,563       $231,211       $436,763       $67,772       $ 68,688  
                 
  9,305       2,423       1,060       691       24       161       820       651       1       7  
  (25,846     (28,118     (1,280     (6,943     (18     (389     (6,342     (2,687     (139     (9,105
 

(16,541

    (25,695     (220     (6,252     6       (228     (5,522     (2,036     (138     (9,098

 

See accompanying notes to financial statements.

 

F-31


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)  
    Invesco V.I. American
Value Fund —

Series II shares
    Invesco V.I.
Comstock Fund —
Series II shares
    Invesco V.I. Core
Equity Fund —
Series I shares
 
    

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(6,901     $(4,735     $(2,390     $(11,888     $(100,629     $(9,706
Net realized gain (loss) on investments     1,669       26,169       34,599       135,672       81,735       34,719  
Change in unrealized appreciation (depreciation) on investments     15,377       129,114       63,428       129,287       566,126       14,655  
Capital gain distributions     82,109       15,393       407,134       233,481       782,109       797,941  
Increase (decrease) in net assets from operations     92,254       165,941       502,771       486,552       1,329,341       837,609  
From capital transactions (note 4):            
Net premiums     4,160       2,080       205       15,465       4,930       3,580  
Transfers for contract benefits and terminations     (10,582     (259,208     (370,296     (312,966     (1,258,573     (503,560
Administrative expenses     (226     (203     (41,311     (46,381     (134,559     (56,858
Transfers between subaccounts (including fixed account), net     14,169       36,740       515,734       (1,099,832     1,219,380       8,912,592  
Increase (decrease) in net assets from capital transactions     7,521       (220,591     104,332       (1,443,714     (168,822     8,355,754  
Increase (decrease) in net assets     99,775       (54,650     607,103       (957,162     1,160,519       9,193,363  
Net assets at beginning of year     479,964       534,614       3,276,704       4,233,866       9,600,755       407,392  
Net assets at end of year     $579,739       $479,964       $3,883,807       $3,276,704       $10,761,274       $9,600,755  
Change in units (note 5):            
Units purchased     1,265       3,105       30,399       12,840       75,565       367,931  
Units redeemed     (726     (17,155     (26,371     (61,797     (80,800     (41,531
Net increase (decrease) in units from capital transactions with contract owners     539       (14,050     4,028       (48,957     (5,235     326,400  

 

See accompanying notes to financial statements.

 

F-32


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)  

Invesco V.I. Core

Plus Bond Fund —
Series I shares

    Invesco V.I. Discovery
Large Cap Fund —
Series I shares
    Invesco V.I. Discovery
Large Cap Fund —
Series II Shares
   

Invesco V.I. Discovery

Mid Cap Growth Fund —
Series I shares

   

Invesco V.I. Discovery

Mid Cap Growth Fund —
Series II shares

 

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

   

Year ended
December 31,

2025

   

Year ended
December 31,

2024

 
                 
                 
  $16,349       $12,065       $(2,215     $(2,038     $(17,218     $(16,136     $(2,532     $(2,551     $(2,274     $(2,211
  135       146       15,347       2,049       45,733       36,417       2,903       (8     342       (646
  13,861       (4,318     (14,906     39,073       (61,304     251,032       (9,256     38,094       (8,219     30,672  
  —        —        19,454       —        139,333       —        14,681       —        14,350       —   
  30,345       7,893       17,680       39,084       106,544       271,313       5,796       35,535       4,199       27,815  
                 
  —        231       —        —        9,172       —        5,122       —        —        —   
  (2,736     (3,766     (56,090     (6,615     (94,970     (107,617     (26,587     (1,166     (360     (21,410
  (56     (77     (194     (150     (1,764     (1,804     (178     (189     (12     (31
  25,306       56,782       (129     (185     148,280       (65,679     (71     —        347       4,414  
  22,514       53,170       (56,413     (6,950     60,718       (175,100     (21,714     (1,355     (25     (17,027
  52,859       61,063       (38,733     32,134       167,262       96,213       (15,918     34,180       4,174       10,788  
  532,185       471,122       154,650       122,516       991,924       895,711       192,852       158,672       143,854       133,066  
  $585,044       $532,185       $115,917       $154,650       $1,159,186       $991,924       $176,934       $192,852       $148,028       $143,854  
                 
  2,455       5,742       2       —        5,847       1,052       109       —        7       90  
  (275     (408     (842     (123     (4,009     (5,043     (594     (34     (7     (709

 

2,180

 

    5,334       (840     (123     1,838       (3,991     (485     (34     —        (619

 

See accompanying notes to financial statements.

 

F-33


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)  
    Invesco V.I. EQV
International

Equity Fund —
Series II shares
    Invesco V.I. Equity
and Income Fund —
Series I shares
    Invesco V.I. Equity
and Income Fund —
Series II shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Period from
April 26 to
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(14,126     $18,187       $240       $243       $(6,767     $(2,275
Net realized gain (loss) on investments     13,813       7,978       24       246       23,798       19,646  
Change in unrealized appreciation (depreciation) on investments     199,069       (126,255     1,499       421       77,442       54,781  
Capital gain distributions     176,015       15,511       1,780       1,194       108,381       89,142  
Increase (decrease) in net assets from operations     374,771       (84,579     3,543       2,104       202,854       161,294  
From capital transactions (note 4):            
Net premiums     180       425       —        —        —        9,482  
Transfers for contract benefits and terminations     (324,508     (210,785     (72     (28,011     (295,539     (413,578
Administrative expenses     (38,008     (20,664     (6     (4     (22,948     (19,886
Transfers between subaccounts (including fixed account), net     (84,711     2,527,685       (2     57,498       957       1,734,190  
Increase (decrease) in net assets from capital transactions     (447,047     2,296,661       (80     29,483       (317,530     1,310,208  
Increase (decrease) in net assets     (72,276     2,212,082       3,463       31,587       (114,676     1,471,502  
Net assets at beginning of year     2,845,359       633,277       31,587       —        2,160,137       688,635  
Net assets at end of year     $2,773,083       $2,845,359       $35,050       $31,587       $2,045,461       $2,160,137  
Change in units (note 5):            
Units purchased     19,092       190,028       —        5,916       4,949       112,239  
Units redeemed     (50,095     (21,938     (7     (2,946     (18,950     (30,987
Net increase (decrease) in units from capital transactions with contract owners     (31,003     168,090       (7     2,970       (14,001     81,252  

 

See accompanying notes to financial statements.

 

F-34


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)  

Invesco V.I.

Global Fund —

Series II shares

   

Invesco V.I. Global

Real Estate Fund —

Series II shares

    Invesco V.I. Global
Strategic Income Fund —
Series I shares
   

Invesco V.I. Main

Street Fund®

Series II shares

   

Invesco V.I. Main Street
Small Cap Fund®

Series II shares

 

Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $(49,256     $(52,419     $(1,924     $1,944       $149       $52       $(173,647     $(110,825     $(51,651     $(40,010
  45,534       50,549       12,145       2,728       (32     (87     (346     (20,301     58,331       65,615  
  (185,815     240,372       (1,705     2,285       251       104       1,029,862       (250,390     (129,903     35,985  
  573,882       192,830       —        —        —        —        784,663       1,303,493       364,983       140,388  
  384,345       431,332       8,516       6,957       368       69       1,640,532       921,977       241,760       201,978  
                 
  300       14,725       —        —        —        —        1,200       2,175       180       375  
  (448,075     (283,983     (15,548     (13,904     (174     (451     (1,666,182     (849,776     (525,841     (252,504
  (25,883     (27,525     (24     (45     (2     (3     (162,452     (76,449     (37,447     (20,861
  (36,411     (251,904     (178,646     192,728       —        —        (16,515     11,417,195       38,024       2,496,922  
  (510,069     (548,687     (194,218     178,779       (176     (454     (1,843,949     10,493,145       (525,084     2,223,932  
  (125,724     (117,355     (185,702     185,736       192       (385     (203,417     11,415,122       (283,324     2,425,910  
  3,171,549       3,288,904       190,213       4,477       3,311       3,696       12,914,967       1,499,845       3,754,145       1,328,235  
  $3,045,825       $3,171,549       $4,511       $190,213       $3,503       $3,311       $12,711,550       $12,914,967       $3,470,821       $3,754,145  
                 
  6,702       6,873       1,308       20,554       —        —        41,005       406,120       16,236       92,266  
  (21,307     (23,410     (18,663     (3,203     (16     (44     (93,997     (46,809     (29,375     (16,416
 

(14,605

    (16,537     (17,355     17,351       (16     (44     (52,992     359,311       (13,139     75,850  

 

See accompanying notes to financial statements.

 

F-35


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Allspring Variable Trust     BNY Mellon  
   
Allspring VT Discovery
All Cap Growth

Fund — Class 2
    BNY Mellon
Investment
Portfolios —
MidCap Stock
Portfolio — Initial Shares
    BNY Mellon
Sustainable
U.S. Equity
Portfolio, Inc. —
Initial Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(3,866     $(5,374     $(732     $(2,581     $(352     $(1,489
Net realized gain (loss) on investments     (1,722     (17,128     7,024       3,910       119       148,137  
Change in unrealized appreciation (depreciation) on investments     (48,983     75,904       (13,713     13,439       1,684       (53,802
Capital gain distributions     85,601       11,234       17,694       185       2,088       6,063  
Increase (decrease) in net assets from operations     31,030       64,636       10,273       14,953       3,539       98,909  
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (13,914     (308,764     (15,254     (20,698     —        (114,967
Administrative expenses     (1,787     (2,328     (32     (59     (8     (91
Transfers between subaccounts (including fixed account), net     29,917       (2,151     (177,717     180,106       111       (874,831
Increase (decrease) in net assets from capital transactions     14,216       (313,243     (193,003     159,349       103       (989,889
Increase (decrease) in net assets     45,246       (248,607     (182,730     174,302       3,642       (890,980
Net assets at beginning of year     233,395       482,002       193,390       19,088       24,982       915,962  
Net assets at end of year     $278,641       $233,395       $10,660       $193,390       $28,624       $24,982  
Change in units (note 5):            
Units purchased     861       482       638       7,617       3       52  
Units redeemed     (634     (7,008     (7,073     (1,417     —        (30,385
Net increase (decrease) in units from capital transactions with contract owners     227       (6,526     (6,435     6,200       3       (30,333

 

See accompanying notes to financial statements.

 

F-36


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

BNY Mellon (continued)     BlackRock Variable Series Funds, Inc.  

BNY Mellon

Variable

Investment Fund —
Government Money
Market Portfolio

   

BlackRock

Advantage

SMID Cap

V.I. Fund —

Class III Shares

   

BlackRock

Basic

Value

V.I. Fund —

Class III Shares

   

BlackRock

Global Allocation

V.I. Fund —

Class III Shares

   

BlackRock

Large Cap

Focus

Growth

V.I. Fund —

Class III Shares

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $19,297       $21,265       $(134     $(336     $530       $(21,962     $536,559       $(126,071     $(2,495     $(2,764
  —        —        (15,038     (45,986     7,622       8,317       (47,119     (209,394     12,794       11,510  
  (1     —        9,377       55,491       34,706       227,233       1,180,551       161,919       (21,431     21,923  
  —        —        9,955       —        63,446       41,146       2,472,207       2,089,024       26,390       13,746  
  19,296       21,265       4,160       9,169       106,304       254,734       4,142,198       1,915,478       15,258       44,415  
                 
  —        —        —        —        86,641       525       —        28,447       —        —   
  (141,766     (532,390     (39,275     (103,179     (168,974     (134,969     (3,767,737     (4,030,070     (828     (700
  (698     (580     (325     (345     (6,131     (25,746     (447,746     (472,075     (78     (66
  116,117       917,975       719       (453     (25,884     (2,356,173     (829,424     (315,981     (32,856     (22,572
  (26,347     385,005       (38,881     (103,977     (114,348     (2,516,363     (5,044,907     (4,789,679     (33,762     (23,338
  (7,051     406,270       (34,721     (94,808     (8,044     (2,261,629     (902,709     (2,874,201     (18,504     21,077  
  807,474       401,204       109,678       204,486       537,028       2,798,657       26,255,174       29,129,375       179,712       158,635  
  $800,423       $807,474       $74,957       $109,678       $528,984       $537,028       $25,352,465       $26,255,174       $161,208       $179,712  
                 
  30,543       127,470       122       94       5,750       11,001       25,517       53,887       13       93  
  (33,298     (86,755     (1,225     (3,206     (10,106     (118,899     (299,221     (333,261     (536     (498
 

(2,755

    40,715       (1,103     (3,112     (4,356     (107,898     (273,704     (279,374     (523     (405

 

See accompanying notes to financial statements.

 

F-37


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Columbia Funds Variable Series Trust II     Deutsche DWS Variable
Series II
 
    CTIVP®
Principal Large
Cap Growth
Fund — Class 1
    Columbia
Variable
Portfolio —
Overseas
Core Fund —
Class 2
    DWS
Small Mid Cap
Value VIP —
Class B Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(10,465     $(125,879     $2,030       $96,451       $(2,235     $(559
Net realized gain (loss) on investments     152,215       3,654,896       49,397       40,823       1,584       129  
Change in unrealized appreciation (depreciation) on investments     (56,328     (2,175,251     193,486       (26,205     21,987       (168
Capital gain distributions     —        —        —        —        7,843       3,583  
Increase (decrease) in net assets from operations     85,422       1,353,766       244,913       111,069       29,179       2,985  
From capital transactions (note 4):            
Net premiums     —        9,942       64,980       525       —        —   
Transfers for contract benefits and terminations     (228,537     (572,250     (192,239     (120,365     (9,112     (17,256
Administrative expenses     (3,211     (103,544     (1,585     (20,888     (58     (25
Transfers between subaccounts (including fixed account), net     (37,481     (12,404,597     (43,290     (2,307,082     167,616       536  
Increase (decrease) in net assets from capital transactions     (269,229     (13,070,449     (172,134     (2,447,810     158,446       (16,745
Increase (decrease) in net assets     (183,807     (11,716,683     72,779       (2,336,741     187,625       (13,760
Net assets at beginning of year     719,116       12,435,799       751,043       3,087,784       68,294       82,054  
Net assets at end of year     $535,309       $719,116       $823,822       $751,043       $255,919       $68,294  
Change in units (note 5):            
Units purchased     707       15,330       8,739       17,130       7,971       20  
Units redeemed     (8,731     (502,074     (19,235     (193,536     (1,073     (405
Net increase (decrease) in units from capital transactions with contract owners     (8,024     (486,744     (10,496     (176,406     6,898       (385

 

See accompanying notes to financial statements.

 

F-38


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Eaton Vance Variable
Trust
    Federated Hermes Insurance Series  

VT

Floating-Rate

Income Fund

   

Federated

Hermes High Income Bond
Fund II —

Primary Shares

   

Federated

Hermes High Income Bond
Fund II —

Service Shares

   

Federated

Hermes Kaufmann

Fund II —

Service Shares

   

Federated Hermes
Managed Volatility

Fund II —

Primary Shares

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $146,877       $193,341       $9       $9       $24,654       $21,457       $(45,875     $(22,920     $415       $199  
  (30,302     (10,931     (5     (5     (17,781     (21,845     3,338       28,117       5       (29
  (55,419     (3,647     7       6       25,291       23,775       (36,260     189,978       721       3,350  
  —        —        —        —        —        —        334,186       17,088       504       —   
  61,156       178,763       11       10       32,164       23,387       255,389       212,263       1,645       3,520  
                 
  67,243       840       —        —        624       30,652       180       375       —        —   
  (461,886     (302,565     —        (6     (90,467     (157,628     (406,281     (223,879     (215     (177
  (33,735     (36,153     (1     (1     (1,449     (1,559     (33,064     (16,270     (37     (35
  109,634       180,403       (29     (25     (20,136     8,660       (9,816     2,239,258       508       564  
  (318,744     (157,475     (30     (32     (111,428     (119,875     (448,981     1,999,484       256       352  
  (257,588     21,288       (19     (22     (79,264     (96,488     (193,592     2,211,747       1,901       3,872  
  3,128,829       3,107,541       194       216       563,404       659,892       2,833,451       621,704       29,041       25,169  
  $2,871,241       $3,128,829       $175       $194       $484,140       $563,404       $2,639,859       $2,833,451       $30,942       $29,041  
                 
  37,375       30,588       —        —        1,335       1,741       15,923       106,926       23       27  
  (58,619     (41,369     (1     (1     (5,793     (6,901     (30,949     (15,535     (11     (10
 

(21,244

    (10,781     (1     (1     (4,458     (5,160     (15,026     91,391       12       17  

 

See accompanying notes to financial statements.

 

F-39


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Fidelity® Variable Insurance Products Fund  
    VIP
Asset Manager 50%
Portfolio —

Initial Class
    VIP
Asset Manager 50%
Portfolio —

Service Class 2
    VIP
Balanced
Portfolio —
Service Class 2
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $1,366       $1,128       $359       $305       $(25,536     $(18,561
Net realized gain (loss) on investments     214       534       344       261       455,626       281,711  
Change in unrealized appreciation (depreciation) on investments     7,986       5,046       2,577       1,901       (247,769     197,025  
Capital gain distributions     5,200       711       2,013       278       238,749       166,120  
Increase (decrease) in net assets from operations     14,766       7,419       5,293       2,745       421,070       626,295  
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        17,384  
Transfers for contract benefits and terminations     (605     (6,436     (2,602     (2,471     (721,771     (654,147
Administrative expenses     (11     (18     (103     (100     (38,509     (48,183
Transfers between subaccounts (including fixed account), net     (2     15       (27     9       (1,170,806     (425,657
Increase (decrease) in net assets from capital transactions     (618     (6,439     (2,732     (2,562     (1,931,086     (1,110,603
Increase (decrease) in net assets     14,148       980       2,561       183       (1,510,016     (484,308
Net assets at beginning of year     110,734       109,754       41,802       41,619       4,619,316       5,103,624  
Net assets at end of year     $124,882       $110,734       $44,363       $41,802       $3,109,300       $4,619,316  
Change in units (note 5):            
Units purchased     —        —        6       8       5,068       5,116  
Units redeemed     (22     (252     (125     (128     (76,531     (50,133
Net increase (decrease) in units from capital transactions with contract owners     (22     (252     (119     (120     (71,463     (45,017

 

See accompanying notes to financial statements.

 

F-40


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Fidelity® Variable Insurance Products Fund (continued)  

VIP

Contrafund®

Portfolio —

Initial Class

   

VIP

Contrafund®

Portfolio —

Service Class 2

   

VIP

Dynamic Capital
Appreciation

Portfolio —

Service Class 2

   

VIP

Equity-Income

PortfolioSM

Initial Class

   

VIP

Equity-Income

PortfolioSM

Service Class 2

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $(12,427     $(10,520     $(343,363     $(348,256     $(192     $(457     $1,163       $654       $(290     $(832
  12,055       20,428       1,258,561       1,810,815       225       9,118       977       9,601       97,536       64,234  
  19,434       113,451       (594,230     1,844,375       (456     (3,273     25,412       9,098       140,420       94,778  
  160,714       103,324       3,383,651       2,506,474       2,968       1,490       14,996       14,283       131,755       141,150  
  179,776       226,683       3,704,619       5,813,408       2,545       6,878       42,548       33,636       369,421       299,330  
                 
  —        15,368       900       78,065       —        —        —        —        12,229       —   
  (17,901     (32,660     (2,525,013     (2,284,854     —        (24,789     (1,150     (54,346     (332,145     (220,373
  (508     (507     (215,493     (230,197     (85     (85     (34     (39     (15,680     (15,740
  —        (3,008     (1,210,454     (2,114,777     (117     (615     —        (197     (103,605     (65,597
  (18,409     (20,807     (3,950,060     (4,551,763     (202     (25,489     (1,184     (54,582     (439,201     (301,710
  161,367       205,876       (245,441     1,261,645       2,343       (18,611     41,364       (20,946     (69,780     (2,380
  922,102       716,226       21,072,917       19,811,272       15,145       33,756       245,791       266,737       2,367,309       2,369,689  
  $1,083,469       $922,102       $20,827,476       $21,072,917       $17,488       $15,145       $287,155       $245,791       $2,297,529       $2,367,309  
                 
  —        195       35,685       54,144       12       3       —        —        1,911       3,382  
  (204     (458     (116,283     (166,851     (15     (381     (27     (1,402     (15,716     (14,243
 

(204

    (263     (80,598     (112,707     (3     (378     (27     (1,402     (13,805     (10,861

 

See accompanying notes to financial statements.

 

F-41


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Fidelity® Variable Insurance Products Fund (continued)  
    VIP
Growth & Income
Portfolio —

Initial Class
    VIP
Growth & Income
Portfolio —

Service Class 2
    VIP
Growth Opportunities
Portfolio —

Initial Class
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $460       $102       $(1,358     $(2,111     $(1,296     $(1,141
Net realized gain (loss) on investments     31,316       7,879       41,319       27,741       1,728       4,369  
Change in unrealized appreciation (depreciation) on investments     (5,831     23,586       10,849       45,857       15,512       21,615  
Capital gain distributions     27,696       17,925       62,972       42,208       1,458       —   
Increase (decrease) in net assets from operations     53,641       49,492       113,782       113,695       17,402       24,843  
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (75,587     (15,472     (69,263     (35,743     (1,584     (7,164
Administrative expenses     (186     (130     (3,580     (3,621     (68     (70
Transfers between subaccounts (including fixed account), net     (13     (48     11,218       (19,504     —        —   
Increase (decrease) in net assets from capital transactions     (75,786     (15,650     (61,625     (58,868     (1,652     (7,234
Increase (decrease) in net assets     (22,145     33,842       52,157       54,827       15,750       17,609  
Net assets at beginning of year     280,374       246,532       638,172       583,345       87,484       69,875  
Net assets at end of year     $258,229       $280,374       $690,329       $638,172       $103,234       $87,484  
Change in units (note 5):            
Units purchased     —        —        880       488       —        —   
Units redeemed     (1,349     (347     (2,525     (2,290     (23     (116
Net increase (decrease) in units from capital transactions with contract owners     (1,349     (347     (1,645     (1,802     (23     (116

 

See accompanying notes to financial statements.

 

F-42


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Fidelity® Variable Insurance Products Fund (continued)  

VIP

Growth Opportunities
Portfolio —

Service Class 2

   

VIP

Growth

Portfolio —

Initial Class

   

VIP

Growth

Portfolio —

Service Class 2

   

VIP

Investment

Grade Bond Portfolio —

Service Class 2

   

VIP

Mid Cap

Portfolio —

Service Class 2

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $(5,182     $(4,446     $(6,882     $(8,001     $(16,750     $(16,332     $115,420       $140,533       $(62,351     $(51,972
  21,430       16,912       6,288       10,565       9,310       47,359       (69,080     (57,305     (155,416     147,949  
  37,561       75,536       (2,660     7,846       (8,745     (13,425     303,831       (99,729     100,110       (234,715
  4,368       —        81,761       125,544       153,027       232,786       —        —        471,485       680,615  
  58,177       88,002       78,507       135,954       136,842       250,388       350,171       (16,501     353,828       541,877  
                 
  —        —        5,516       2,082       —        1,000       660       965       9,901       8,211  
  (24,926     (35,729     (13,122     (14,824     (14,309     (86,425     (885,410     (567,493     (559,193     (621,588
  (3,667     (3,728     (145     (157     (769     (799     (102,586     (70,720     (28,395     (25,175
  11,778       (6,159     (60     (2,294     (1,828     (8,580     189,927       5,183,592       (2,178,047     2,226,903  
  (16,815     (45,616     (7,811     (15,193     (16,906     (94,804     (797,409     4,546,344       (2,755,734     1,588,351  
  41,362       42,386       70,696       120,761       119,936       155,584       (447,238     4,529,843       (2,401,906     2,130,228  
  300,984       258,598       600,014       479,253       1,072,472       916,888       7,189,994       2,660,151       5,483,586       3,353,358  
  $342,346       $300,984       $670,710       $600,014       $1,192,408       $1,072,472       $6,742,756       $7,189,994       $3,081,680       $5,483,586  
                 
  1,090       1,864       66       33       68       197       93,960       449,605       15,047       102,109  
  (1,425     (1,515     (175     (252     (340     (1,874     (155,344     (79,535     (103,476     (30,749
 

(335

    349       (109     (219     (272     (1,677     (61,384     370,070       (88,429     71,360  

 

See accompanying notes to financial statements.

 

F-43


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Fidelity® Variable Insurance Products Fund (continued)     Franklin Templeton
Variable Insurance
Products Trust
 
    VIP
Overseas
Portfolio —
Initial Class
    VIP
Value Strategies
Portfolio —
Service Class 2
    Franklin
Allocation
VIP Fund —
Class 2 Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $252       $258       $(382     $(520     $9,805       $14,611  
Net realized gain (loss) on investments     2,354       2,273       873       3,130       (125,103     (167,730
Change in unrealized appreciation (depreciation) on investments     7,868       (3,687     919       (6,431     459,877       584,201  
Capital gain distributions     11,949       5,740       1,810       8,562       240,435       —   
Increase (decrease) in net assets from operations     22,423       4,584       3,220       4,741       585,014       431,082  
From capital transactions (note 4):            
Net premiums     —        —        —        7,212       —        50  
Transfers for contract benefits and terminations     (5,826     (5,729     (2,815     (12,439     (519,226     (655,252
Administrative expenses     (35     (35     (267     (309     (75,834     (78,962
Transfers between subaccounts (including fixed account), net     (142     (134     (15,286     39       (417,618     (92,756
Increase (decrease) in net assets from capital transactions     (6,003     (5,898     (18,368     (5,497     (1,012,678     (826,920
Increase (decrease) in net assets     16,420       (1,314     (15,148     (756     (427,664     (395,838
Net assets at beginning of year     121,747       123,061       61,624       62,380       5,804,907       6,200,745  
Net assets at end of year     $138,167       $121,747       $46,476       $61,624       $5,377,243       $5,804,907  
Change in units (note 5):            
Units purchased     —        —        68       240       8,485       6,254  
Units redeemed     (233     (249     (519     (388     (66,830     (58,790
Net increase (decrease) in units from capital transactions with contract owners     (233     (249     (451     (148     (58,345     (52,536

 

See accompanying notes to financial statements.

 

F-44


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 



Franklin Templeton Variable Insurance Products Trust (continued)
 

Franklin

Income

VIP Fund —

Class 2 Shares

   

Franklin

Large Cap

Growth

VIP Fund —

Class 2 Shares

   

Franklin

Mutual Shares

VIP Fund —

Class 2 Shares

   

Templeton

Foreign

VIP Fund —

Class 1 Shares

   

Templeton

Foreign

VIP Fund —

Class 2 Shares

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $574,032       $677,329       $(3,100     $(3,053     $10,633       $7,759       $—        $—        $1,417       $1,796  
  (66,351     (218,802     230       5,537       (18,023     (63,453     —        —        7,490       1,455  
  1,102,158       512,669       (25,604     20,194       (4,983     293,546       —        —        22,789       (6,597
  196,979       90,183       39,593       20,889       292,971       63,558       —        —        11,851       —   
  1,806,818       1,061,379       11,119       43,567       280,598       301,410       —        —        43,547       (3,346
                 
  300       300       —        —        32,521       900       —        —        12,936       —   
  (3,536,129     (3,056,367     (3,989     (35,304     (398,075     (336,938     —        —        (26,259     (38,615
  (172,261     (192,227     (119     (120     (33,821     (37,020     —        —        (150     (148
  (197,615     (688,147     (1     1       (10,840     (445,948     —        —        (345     (1,480
  (3,905,705     (3,936,441     (4,109     (35,423     (410,215     (819,006     —        —        (13,818     (40,243
  (2,098,887     (2,875,062     7,010       8,144       (129,617     (517,596     —        —        29,729       (43,589
  19,657,653       22,532,715       203,825       195,681       3,018,387       3,535,983       —        —        166,781       210,370  
  $17,558,766       $19,657,653       $210,835       $203,825       $2,888,770       $3,018,387       $—        $—        $196,510       $166,781  
                 
  58,132       63,240       —        —        32,033       20,465       —        —        8,450       80  
  (272,759     (279,964     (72     (699     (51,986     (56,940     —        —        (9,028     (1,896
 

(214,627

    (216,724     (72     (699     (19,953     (36,475     —        —        (578     (1,816

 

See accompanying notes to financial statements.

 

F-45


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Franklin Templeton Variable Insurance Products Trust
(continued)
    Goldman Sachs Variable
Insurance Trust
 
    Templeton
Global Bond
VIP Fund —
Class 1 Shares
    Templeton
Growth
VIP Fund —
Class 2 Shares
    Goldman Sachs Government
Money

Market Fund —
Service Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(28     $(349     $(4,465     $(3,370     $129,996       $193,328  
Net realized gain (loss) on investments     (6     (7,084     13,885       6,721       —        —   
Change in unrealized appreciation (depreciation) on investments     301       5,200       54,368       6,844       —        —   
Capital gain distributions     —        —        39,005       1,730       —        —   
Increase (decrease) in net assets from operations     267       (2,233     102,793       11,925       129,996       193,328  
From capital transactions (note 4):            
Net premiums     —        —        —        50       463,217       86,955  
Transfers for contract benefits and terminations     —        (26,558     (64,156     (51,391     (6,309,203     (5,598,781
Administrative expenses     (2     (3     (2,934     (3,432     (22,896     (26,543
Transfers between subaccounts (including fixed account), net     (1     —        (48,330     112,150       5,168,208       5,273,338  
Increase (decrease) in net assets from capital transactions     (3     (26,561     (115,420     57,377       (700,674     (265,031
Increase (decrease) in net assets     264       (28,794     (12,627     69,302       (570,678     (71,703
Net assets at beginning of year     1,843       30,637       527,499       458,197       5,690,571       5,762,274  
Net assets at end of year     $2,107       $1,843       $514,872       $527,499       $5,119,893       $5,690,571  
Change in units (note 5):            
Units purchased     —        —        1,330       16,473       679,487       752,373  
Units redeemed     —        (1,850     (9,101     (11,341     (751,977     (781,438
Net increase (decrease) in units from capital transactions with contract owners     —        (1,850     (7,771     5,132       (72,490     (29,065

 

See accompanying notes to financial statements.

 

F-46


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 


Goldman Sachs Variable Insurance Trust (continued)
    Janus Aspen Series  

Goldman Sachs

Large Cap

Value Fund —

Institutional Shares

   

Goldman Sachs

Mid Cap

Value Fund —

Institutional Shares

   

Janus

Henderson

Balanced Portfolio —
Institutional Shares

   

Janus

Henderson

Balanced Portfolio —
Service Shares

   

Janus

Henderson

Enterprise Portfolio —
Institutional Shares

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $(557     $(16     $(785     $(1,343     $3,987       $3,844       $(4,212     $(3,350     $(8,724     $(5,226
  (1,458     (469     4,919       1,542       12,689       12,033       501,524       452,137       8,913       7,671  
  (6,666     3,971       (12,772     12,082       42,862       59,011       106,871       409,700       (11,275     66,593  
  24,798       21,827       30,694       16,687       20,570       —        209,872       —        59,391       30,358  
  16,117       25,313       22,056       28,968       80,108       74,888       814,055       858,487       48,305       99,396  
                 
  —        —        300       300       3,940       1,504       1,840       15,425       4,334       144  
  (12,229     (9,235     (73,415     (9,150     (20,974     (20,889     (897,635     (687,777     (22,496     (17,419
  (4     (4     (203     (166     (611     (600     (73,863     (75,831     (338     (387
  (3     (1     496       (434     (17     (1,577     (65,565     (378,986     (53     (39
  (12,236     (9,240     (72,822     (9,450     (17,662     (21,562     (1,035,223     (1,127,169     (18,553     (17,701
  3,881       16,073       (50,766     19,518       62,446       53,326       (221,168     (268,682     29,752       81,695  
  182,601       166,528       291,677       272,159       604,308       550,982       6,719,927       6,988,609       798,569       716,874  
  $186,482       $182,601       $240,911       $291,677       $666,754       $604,308       $6,498,759       $6,719,927       $828,321       $798,569  
                 
  —        —        29       23       63       30       6,373       5,846       53       2  
  (380     (305     (1,080     (154     (365     (438     (38,033     (47,866     (290     (241
 

(380

    (305     (1,051     (131     (302     (408     (31,660     (42,020     (237     (239

 

See accompanying notes to financial statements.

 

F-47


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Janus Aspen Series (continued)  
    Janus
Henderson
Enterprise Portfolio —
Service Shares
    Janus
Henderson
Flexible Bond Portfolio —
Institutional Shares
    Janus
Henderson
Forty Portfolio —
Institutional Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(1,562     $(953     $8       $7       $(11,335     $(12,039
Net realized gain (loss) on investments     272       269       —        —        16,028       13,265  
Change in unrealized appreciation (depreciation) on investments     (1,936     9,659       4       (6     33,339       157,663  
Capital gain distributions     9,992       4,891       —        —        120,130       51,966  
Increase (decrease) in net assets from operations     6,766       13,866       12       1       158,162       210,855  
From capital transactions (note 4):            
Net premiums     —        —        —        —        7,486       —   
Transfers for contract benefits and terminations     —        —        —        —        (34,524     (28,961
Administrative expenses     —        —        (3     (3     (365     (378
Transfers between subaccounts (including fixed account), net     4,059       1,569       —        —        (181     (214
Increase (decrease) in net assets from capital transactions     4,059       1,569       (3     (3     (27,584     (29,553
Increase (decrease) in net assets     10,825       15,435       9       (2     130,578       181,302  
Net assets at beginning of year     117,346       101,911       219       221       981,022       799,720  
Net assets at end of year     $128,171       $117,346       $228       $219       $1,111,600       $981,022  
Change in units (note 5):            
Units purchased     68       28       —        —        59       —   
Units redeemed     —        —        —        —        (310     (299
Net increase (decrease) in units from capital transactions with contract owners     68       28       —        —        (251     (299

 

See accompanying notes to financial statements.

 

F-48


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Janus Aspen Series (continued)  

Janus

Henderson

Forty Portfolio —

Service Shares

   

Janus

Henderson

Global Research

Portfolio —

Institutional Shares

   

Janus

Henderson

Global Research

Portfolio —

Service Shares

   

Janus

Henderson

Global Technology and
Innovation Portfolio —
Service Shares

   

Janus

Henderson

Overseas Portfolio —
Institutional Shares

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $(14,466     $(47,811     $(1,662     $(1,493     $(1,293     $(1,231     $—        $—        $35       $(58
  70,583       936,683       7,206       4,655       8,510       4,779       —        —        1,580       981  
  (37,824     (438,538     17,254       32,749       4,613       16,796       —        —        19,901       2,904  
  152,153       270,238       21,408       7,128       11,447       4,306       —        —        —        —   
  170,446       720,572       44,206       43,039       23,277       24,650       —        —        21,516       3,827  
                 
  —        665       —        1,157       —        —        —        —        2,364       —   
  (166,724     (305,761     (14,200     (7,995     (11,787     (4,918     —        —        (5,442     (5,246
  (6,671     (32,757     (156     (141     (4     (7     —        —        (55     (66
  (44,665     (3,338,213     (2     (1,213     (4,679     (4,163     —        —        (4     (54
  (218,060     (3,676,066     (14,358     (8,192     (16,470     (9,088     —        —        (3,137     (5,366
  (47,614     (2,955,494     29,848       34,847       6,807       15,562       —        —        18,379       (1,539
  1,172,431       4,127,925       234,313       199,466       131,571       116,009       —        —        80,809       82,348  
  $1,124,817       $1,172,431       $264,161       $234,313       $138,378       $131,571       $—        $—        $99,188       $80,809  
                 
  1,211       3,728       —        38       1       2       —        —        59       —   
  (4,208     (89,314     (378     (296     (516     (341     —        —        (143     (158
 

(2,997

    (85,586     (378     (258     (515     (339     —        —        (84     (158

 

See accompanying notes to financial statements.

 

F-49


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

   
Janus Aspen Series (continued)
 
    Janus
Henderson
Overseas Portfolio —
Service Shares
    Janus
Henderson
Research Portfolio —
Institutional Shares
    Janus
Henderson
Research Portfolio —
Service Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(212     $(233     $(8,218     $(7,787     $(141     $(148
Net realized gain (loss) on investments     769       842       46,767       8,829       685       991  
Change in unrealized appreciation (depreciation) on investments     20,484       2,387       14,806       139,562       248       1,747  
Capital gain distributions     —        —        48,164       15,909       828       298  
Increase (decrease) in net assets from operations     21,041       2,996       101,519       156,513       1,620       2,888  
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (689     (1,820     (91,328     (13,516     (749     (633
Administrative expenses     (17     (16     (346     (269     (5     (5
Transfers between subaccounts (including fixed account), net     (2     (1     (5     —        (487     (1,568
Increase (decrease) in net assets from capital transactions     (708     (1,837     (91,679     (13,785     (1,241     (2,206
Increase (decrease) in net assets     20,333       1,159       9,840       142,728       379       682  
Net assets at beginning of year     79,421       78,262       615,206       472,478       10,677       9,995  
Net assets at end of year     $99,754       $79,421       $625,046       $615,206       $11,056       $10,677  
Change in units (note 5):            
Units purchased     —        —        —        —        —        —   
Units redeemed     (22     (68     (1,361     (258     (26     (58
Net increase (decrease) in units from capital transactions with contract owners     (22     (68     (1,361     (258     (26     (58

 

See accompanying notes to financial statements.

 

F-50


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Legg Mason Partners Variable Equity Trust     Lincoln Variable Insurance
Products Trust
 

ClearBridge

Variable Dividend

Strategy Portfolio —
Class I

   

ClearBridge

Variable Dividend

Strategy Portfolio —
Class II

   

ClearBridge

Variable Growth

Portfolio —

Class II

   

ClearBridge

Variable Large Cap

Value Portfolio —

Class I

   

LVIP American

Century Disciplined

Core Value Fund —
Standard Class II

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $—        $—        $(623     $(1,176     $(2,048     $(2,069     $(985     $(711     $86       $(95
  —        —        24,739       2,739       (1,211     (9,840     (2,857     242       43       194  
  —        —        (24,837     2,774       (4,383     (14,429     (1,055     (19,100     5,076       4,935  
  —        —        6,223       17,680       21,687       42,089       20,290       31,754       —        —   
  —        —        5,502       22,017       14,045       15,751       15,393       12,185       5,205       5,034  
                 
  —        —        —        —        —        —        —        —        —        —   
  —        —        (130,395     (11,870     (1,173     (38,993     (21,552     (2,756     (388     —   
  —        —        (231     (241     (140     (123     (294     (257     (3     (3
  —        —        941       (1,239     (1,146     21,713       679       16,993       (30     (6,958
  —        —        (129,685     (13,350     (2,459     (17,403     (21,167     13,980       (421     (6,961
  —        —        (124,183     8,667       11,586       (1,652     (5,774     26,165       4,784       (1,927
  —        —        171,140       162,473       125,705       127,357       217,120       190,955       39,994       41,921  
  $—        $—        $46,957       $171,140       $137,291       $125,705       $211,346       $217,120       $44,778       $39,994  
                 
  —        —        158       70       —        542       35       881       2       —   
  —        —        (4,246     (628     (54     (863     (1,188     (168     (12     (154
 

— 

 
    —        (4,088     (558     (54     (321     (1,153     713       (10     (154

 

See accompanying notes to financial statements.

 

F-51


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Lincoln Variable Insurance Products Trust (continued)  
    LVIP American
Century Inflation
Protection Fund —
Service Class
    LVIP American
Century International
Fund —

Standard Class II
    LVIP American
Century Ultra®
Fund —
Standard Class II
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $145,293       $56,909       $(1,381     $(666     $(9,653     $(8,943
Net realized gain (loss) on investments     (43,686     (40,280     3,393       1,719       94,764       16,275  
Change in unrealized appreciation (depreciation) on investments     20,295       (21,346     23,526       1,957       (70,817     77,549  
Capital gain distributions     —        —        —        —        51,010       45,306  
Increase (decrease) in net assets from operations     121,902       (4,717     25,538       3,010       65,304       130,187  
From capital transactions (note 4):            
Net premiums     480       840       —        —        20,698       —   
Transfers for contract benefits and terminations     (333,248     (291,095     (25,056     (20,204     (40,266     (14,507
Administrative expenses     (29,095     (31,357     (59     (64     (243     (235
Transfers between subaccounts (including fixed account), net     74,225       279,925       (4,681     (4,312     (3,709     (19,196
Increase (decrease) in net assets from capital transactions     (287,638     (41,687     (29,796     (24,580     (23,520     (33,938
Increase (decrease) in net assets     (165,736     (46,404     (4,258     (21,570     41,784       96,249  
Net assets at beginning of year     2,821,032       2,867,436       199,009       220,579       600,508       504,259  
Net assets at end of year     $2,655,296       $2,821,032       $194,751       $199,009       $642,292       $600,508  
Change in units (note 5):            
Units purchased     34,910       38,765       1,119       1,856       4,224       40  
Units redeemed     (58,387     (41,923     (3,018     (2,960     (4,496     (515
Net increase (decrease) in units from capital transactions with contract owners     (23,477     (3,158     (1,899     (1,104     (272     (475

 

See accompanying notes to financial statements.

 

F-52


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Lincoln Variable Insurance Products Trust (continued)  

LVIP American

Century Value Fund —
Standard Class II

   

LVIP JPMorgan

Core Bond Fund —
Standard Class

   

LVIP JPMorgan

Mid Cap Value Fund —
Standard Class

   

LVIP JPMorgan

Small Cap Core Fund —
Standard Class

   

LVIP JPMorgan

U.S. Equity Fund —
Standard Class

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $215       $2,025       $17,833       $28,554       $(3,826     $(3,752     $(2,947     $(2,457     $(7,021     $(8,365
  1,754       35,932       (13,525     (13,583     22,249       28,356       16,528       19,338       27,825       177,744  
  7,208       (40,816     52,325       (11,449     (72,530     (49,845     (12,868     6,726       14,758       (71,414
  12,101       24,839       —        —        75,109       113,922       8,607       4,321       28,085       15,004  
  21,278       21,980       56,633       3,522       21,002       88,681       9,320       27,928       63,647       112,969  
                 
  —        —        —        —        25,873       —        18,111       —        —        —   
  (11,590     (93,047     (111,277     (92,978     (83,980     (104,228     (41,937     (47,586     (93,296     (56,672
  (303     (309     (677     (672     (481     (507     (98     (115     (199     (122
  90       (247,821     20,832       183,387       28,655       (14,261     (167,976     169,029       717,168       (645,584
  (11,803     (341,177     (91,122     89,737       (29,933     (118,996     (191,900     121,328       623,673       (702,378
  9,475       (319,197     (34,489     93,259       (8,931     (30,315     (182,580     149,256       687,320       (589,409
  156,486       475,683       1,079,445       986,186       717,398       747,713       292,551       143,295       331,280       920,689  
  $165,961       $156,486       $1,044,956       $1,079,445       $708,467       $717,398       $109,971       $292,551       $1,018,600       $331,280  
                 
  13       1,246       8,211       19,928       9,271       1,685       7,806       11,228       14,769       184  
  (259     (12,854     (15,307     (12,070     (10,492     (5,067     (16,697     (3,538     (2,305     (16,773
 

(246

    (11,608     (7,096     7,858       (1,221     (3,382     (8,891     7,690       12,464       (16,589

 

See accompanying notes to financial statements.

 

F-53


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

   
MFS® Variable Insurance Trust
 
    MFS®
Investors Trust
Series — Service
Class Shares
   
MFS®

New Discovery
Series — Service
Class Shares
    MFS®
Total Return
Series — Service
Class Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(2,431     $(2,770     $(5,634     $(5,777     $22,554       $14,840  
Net realized gain (loss) on investments     5,048       7,234       (11,413     (2,456     24,655       46,884  
Change in unrealized appreciation (depreciation) on investments     (81,068     16,680       54,814       25,605       (3,918     (39,127
Capital gain distributions     105,566       18,157       —        —        243,678       171,938  
Increase (decrease) in net assets from operations     27,115       39,301       37,767       17,372       286,969       194,535  
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (10,790     (16,348     (35,782     (1,409     (407,098     (386,362
Administrative expenses     (265     (289     (49     (60     (34,339     (36,799
Transfers between subaccounts (including fixed account), net     (9,565     (774     240       1,135       28,825       (79,926
Increase (decrease) in net assets from capital transactions     (20,620     (17,411     (35,591     (334     (412,612     (503,087
Increase (decrease) in net assets     6,495       21,890       2,176       17,038       (125,643     (308,552
Net assets at beginning of year     253,638       231,748       378,504       361,466       3,434,319       3,742,871  
Net assets at end of year     $260,133       $253,638       $380,680       $378,504       $3,308,676       $3,434,319  
Change in units (note 5):            
Units purchased     19       15       18       43       7,481       8,651  
Units redeemed     (518     (466     (979     (52     (27,819     (34,498
Net increase (decrease) in units from capital transactions with contract owners     (499     (451     (961     (9     (20,338     (25,847

 

See accompanying notes to financial statements.

 

F-54


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

MFS® Variable Insurance
Trust (continued)
    MFS® Variable Insurance Trust II     PIMCO Variable Insurance Trust  

MFS®

Utilities

Series — Service
Class Shares

   

MFS®

Income

Portfolio — Service
Class Shares

   

MFS®

Massachusetts

Investors Growth Stock
Portfolio — Service
Class Shares

   

All Asset

Portfolio — Advisor
Class Shares

   

High Yield

Portfolio —

Administrative
Class Shares

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $6,776       $3,446       $632       $587       $(8,728     $(10,744     $6,627       $10,415       $132,714       $129,089  
  36,631       17,072       (169     (457     70,552       15,171       (2,498     (2,442     3,190       (20,170
  28,808       28,140       851       181       (61,159     18,168       22,136       (3,793     61,543       40,955  
  8,646       21,537       —        —        43,646       64,145       —        —        —        —   
  80,861       70,195       1,314       311       44,311       86,740       26,265       4,180       197,447       149,874  
                 
  —        7,212       —        —        86,641       —        —        —        180       13,522  
  (157,011     (83,446     (2,285     (1,324     (168,002     (86,170     (10,541     (10,219     (320,162     (417,492
  (4,987     (5,461     (31     (32     (540     (635     (1,432     (1,637     (30,572     (32,981
  (13,801     (4,644     (1     (2,643     (357,906     166,023       (4,926     8,390       22,396       (95,232
  (175,799     (86,339     (2,317     (3,999     (439,807     79,218       (16,899     (3,466     (328,158     (532,183
  (94,938     (16,144     (1,003     (3,688     (395,496     165,958       9,366       714       (130,711     (382,309
  735,658       751,802       25,129       28,817       702,049       536,091       218,297       217,583       3,001,874       3,384,183  
  $640,720       $735,658       $24,126       $25,129       $306,553       $702,049       $227,663       $218,297       $2,871,163       $3,001,874  
                 
  1,449       3,123       —        11       7,064       8,284       341       662       15,577       20,659  
  (6,267     (5,982     (199     (376     (22,700     (4,675     (1,319     (870     (32,623     (48,482
 

(4,818

    (2,859     (199     (365     (15,636     3,609       (978     (208     (17,046     (27,823

 

See accompanying notes to financial statements.

 

F-55


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

   

PIMCO Variable Insurance Trust (continued)
 
    International
Bond Portfolio
(U.S. Dollar Hedged) —
Administrative
Class Shares
    Long-Term
U.S. Government
Portfolio —
Administrative
Class Shares
    Low Duration
Portfolio —
Administrative
Class Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $153       $152       $54,472       $57,097       $105,737       $139,074  
Net realized gain (loss) on investments     (11     (8     (246,988     (1,381,921     (26,001     (123,423
Change in unrealized appreciation (depreciation) on investments     43       145       371,914       926,038       95,855       147,749  
Capital gain distributions     —        —        —        —        —        —   
Increase (decrease) in net assets from operations     185       289       179,398       (398,786     175,591       163,400  
From capital transactions (note 4):            
Net premiums     —        —        12,554       1,210       180       810  
Transfers for contract benefits and terminations     (43     (38     (427,998     (547,139     (507,594     (583,089
Administrative expenses     (2     (2     (46,041     (78,855     (59,261     (80,233
Transfers between subaccounts (including fixed account), net     152       743       520,896       (2,914,191     186,852       (1,473,172
Increase (decrease) in net assets from capital transactions     107       703       59,411       (3,538,975     (379,823     (2,135,684
Increase (decrease) in net assets     292       992       238,809       (3,937,761     (204,232     (1,972,284
Net assets at beginning of year     7,968       6,976       3,433,499       7,371,260       4,938,415       6,910,699  
Net assets at end of year     $8,260       $7,968       $3,672,308       $3,433,499       $4,734,183       $4,938,415  
Change in units (note 5):            
Units purchased     13       41       87,331       103,772       68,714       101,835  
Units redeemed     (8     (2     (78,103     (369,570     (102,138     (296,793
Net increase (decrease) in units from capital transactions with contract owners     5       39       9,228       (265,798     (33,424     (194,958

 

See accompanying notes to financial statements.

 

F-56


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

PIMCO Variable
Insurance Trust
(continued)
    Rydex Variable Trust     State Street Variable Insurance Series Funds, Inc.  

Total

Return

Portfolio —

Administrative
Class Shares

   

NASDAQ — 100®

Fund

   

Income

V.I.S. Fund —

Class 1 Shares

   

Premier

Growth

Equity

V.I.S. Fund —

Class 1 Shares

   

Real Estate

Securities

V.I.S. Fund —

Class 1 Shares

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
                 
                 
  $251,704       $253,559       $(3,123     $(2,673     $6,742       $5,070       $(8,799     $(8,310     $(4,504     $35,756  
  (218,761     (233,172     16,226       8,134       (4,016     (5,147     5,551       16,188       (7,033     24,339  
  688,789       66,054       3,415       30,852       10,408       (8,026     (11,612     12,646       4,328       278,661  
  —        —        11,426       4,003       —        —        108,778       109,290       10,486       —   
  721,732       86,441       27,944       40,316       13,134       (8,103     93,918       129,814       3,277       338,756  
                 
  12,924       14,452       —        —        —        25       —        —        300       11,637  
  (1,403,036     (1,266,311     (13,240     (10,436     (14,022     (21,847     (22,932     (40,866     (112,086     (335,993
  (137,275     (139,578     (78     (78     (2,102     (2,535     (150     (149     (3,984     (48,434
  (372,603     1,934,041       (23,963     20,230       7,702       14,918       (2,775     (8,057     29,069       (5,282,472
  (1,899,990     542,604       (37,281     9,716       (8,422     (9,439     (25,857     (49,072     (86,701     (5,655,262
  (1,178,258     629,045       (9,337     50,032       4,712       (17,542     68,061       80,742       (83,424     (5,316,506
  11,150,948       10,521,903       229,322       179,290       313,785       331,327       546,423       465,681       890,784       6,207,290  
  $9,972,690       $11,150,948       $219,985       $229,322       $318,497       $313,785       $614,484       $546,423       $807,360       $890,784  
                 
  99,941       202,347       5       344       1,854       2,220       15       5       2,117       35,007  
  (233,604     (156,066     (607     (210     (2,585     (3,078     (431     (863     (3,734     (285,303
 

(133,663

    46,281       (602     134       (731     (858     (416     (858     (1,617     (250,296

 

See accompanying notes to financial statements.

 

F-57


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

   
State Street Variable Insurance Series Funds, Inc. (continued)
 
    S&P 500®
Index
V.I.S. Fund —
Class 1 Shares
    Small-Cap
Equity
V.I.S. Fund —
Class 1 Shares
    Total
Return
V.I.S. Fund —
Class 1 Shares
 
    
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(33,941     $(26,864     $(12,670     $(12,377     $74,732       $239,481  
Net realized gain (loss) on investments     369,971       329,374       (7,714     (46     34,874       (37,749
Change in unrealized appreciation (depreciation) on investments     105,516       427,693       (89,673     14,645       606,944       502,606  
Capital gain distributions     436,470       521,196       93,241       69,177       353,732       1,624  
Increase (decrease) in net assets from operations     878,016       1,251,399       (16,816     71,399       1,070,282       705,962  
From capital transactions (note 4):            
Net premiums     108,696       158,330       30,324       11,540       21,774       23,468  
Transfers for contract benefits and terminations     (509,330     (708,526     (99,382     (66,544     (437,719     (436,891
Administrative expenses     (4,888     (5,562     (2,600     (2,646     (2,486     (2,403
Transfers between subaccounts (including fixed account), net     (387,758     (148,573     22,120       24,416       (2,929     (6,599
Increase (decrease) in net assets from capital transactions     (793,280     (704,331     (49,538     (33,234     (421,360     (422,425
Increase (decrease) in net assets     84,736       547,068       (66,354     38,165       648,922       283,537  
Net assets at beginning of year     6,292,827       5,745,759       868,622       830,457       7,842,619       7,559,082  
Net assets at end of year     $6,377,563       $6,292,827       $802,268       $868,622       $8,491,541       $7,842,619  
Change in units (note 5):            
Units purchased     4,931       5,245       2,506       1,581       13,792       43,132  
Units redeemed     (20,284     (20,570     (3,732     (2,543     (30,754     (61,954
Net increase (decrease) in units from capital transactions with contract owners     (15,353     (15,325     (1,226     (962     (16,962     (18,822

 

See accompanying notes to financial statements.

 

F-58


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

State Street Variable Insurance Series Funds, Inc.
(continued)
    The Alger Portfolios     The Prudential Series
Fund
 

Total

Return

V.I.S. Fund —

Class 3 Shares

   

U.S.

Equity

V.I.S. Fund —

Class 1 Shares

   

Alger

Large Cap

Growth

Portfolio —

Class I-2 Shares

   

Alger

Small Cap

Growth

Portfolio —

Class I-2 Shares

   

PSF

Natural

Resources

Portfolio —

Class II Shares

 
Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
    Period from
January 1
to April 11,
2025
    Year ended
December 31,
2024
 
                 
                 
  $44,046       $661,311       $(5,950     $(4,740     $(3,422     $(4,034     $(1,044     $(823     $(1,718     $(28,432
  198,952       (194,339     2,561       5,716       9,687       26,479       (9,059     (2,285     32,103       256,813  
  2,177,729       2,299,229       (18,835     (4,760     27,490       70,166       13,411       8,205       (50,910     (44,159
  1,198,256       6,303       83,859       86,427       28,808       —        925       —        —        —   
  3,618,983       2,772,504       61,635       82,643       62,563       92,611       4,233       5,097       (20,525     184,222  
                 
  —        —        —        —        —        925       3,152       —        75       875  
  (4,412,954     (4,124,633     (18,586     (16,009     (21,157     (123,830     (28,353     (3,947     (31,278     (127,691
  (317,207     (343,493     (540     (526     (56     (51     (77     (66     (746     (22,697
  (553,618     (1,222,479     542       3,470       —        (1,020     (92     (40     (310,851     (2,307,749
  (5,283,779     (5,690,605     (18,584     (13,065     (21,213     (123,976     (25,370     (4,053     (342,800     (2,457,262
  (1,664,796     (2,918,101     43,051       69,578       41,350       (31,365     (21,137     1,044       (363,325     (2,273,040
  30,245,538       33,163,639       439,480       369,902       226,344       257,709       79,034       77,990       363,325       2,636,365  
  $28,580,742       $30,245,538       $482,531       $439,480       $267,694       $226,344       $57,897       $79,034       $—        $363,325  
                 
  48,630       37,317       56       230       —        21       94       —        771       41,778  
  (382,085     (420,711     (457     (500     (318     (2,442     (825     (127     (28,654     (297,385
 

(333,455

    (383,394     (401     (270     (318     (2,421     (731     (127     (27,883     (255,607

 

See accompanying notes to financial statements.

 

F-59


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    The Prudential Series Fund (continued)  
    PSF PGIM
Jennison
Blend Portfolio —
Class II Shares
    PSF PGIM
Jennison
Growth
Portfolio —
Class II Shares
 
     Year ended
December 31,
2025
    Year ended
December 31,
2024
    Year ended
December 31,
2025
    Year ended
December 31,
2024
 
Increase (decrease) in net assets        
From operations:        
Net investment income (expense)     $(8,703     $(3,604     $(4,112     $(5,818
Net realized gain (loss) on investments     29,342       6,524       4,632       249,180  
Change in unrealized appreciation (depreciation) on investments     109,052       45,256       29,317       (148,071
Capital gain distributions     —        —        —        —   
Increase (decrease) in net assets from operations     129,691       48,176       29,837       95,291  
From capital transactions (note 4):        
Net premiums     225       —        —        —   
Transfers for contract benefits and terminations     (152,523     (3,648     (2,262     (366,198
Administrative expenses     (3,396     (1,125     (481     (1,077
Transfers between subaccounts (including fixed account), net     476,894       23,084       (181     19,168  
Increase (decrease) in net assets from capital transactions     321,200       18,311       (2,924     (348,107
Increase (decrease) in net assets     450,891       66,487       26,913       (252,816
Net assets at beginning of year     275,401       208,914       250,441       503,257  
Net assets at end of year     $726,292       $275,401       $277,354       $250,441  
Change in units (note 5):        
Units purchased     40,880       6,093       —        228  
Units redeemed     (13,631     (4,808     (31     (4,567
Net increase (decrease) in units from capital transactions with contract owners     27,249       1,285       (31     (4,339

 

See accompanying notes to financial statements.

 

F-60


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements

December 31, 2025

 

(1)

Description of Entity

Genworth Life of New York VA Separate Account 1 (the “Separate Account”) is a separate investment account established on April 1, 1996, by Genworth Life Insurance Company of New York (“GLICNY”), pursuant to the laws of the State of New York. GLICNY is a stock life insurance company incorporated under the laws of New York on February 23, 1988. GLICNY is owned 65.5% by Genworth Life Insurance Company (“GLIC”) and 34.5% by Genworth Life and Annuity Insurance Company (“GLAIC”). GLAIC is a direct, wholly-owned subsidiary of GLIC, and GLIC is a direct, wholly-owned subsidiary of Genworth North America Corporations (“GNA”), which is indirectly wholly-owned by Genworth Financial, Inc. (“Genworth”).

GLICNY’s principal products are long-term care insurance (“LTC”), fixed deferred and immediate annuities, and life insurance. LTC products are intended to protect against the significant and escalating costs of LTC services provided in the insured’s home or assisted living or nursing facilities. Effective January 5, 2021, GLICNY suspended sales of its LTC products in New York.

Deferred annuities are intended for contract owners who want to accumulate tax-deferred assets for retirement, desire a tax-efficient source of income and seek to protect against outliving their assets. Immediate annuities provide a fixed amount of income for one of the following: a defined number of years, the annuitant’s lifetime or the longer of a defined number of years and the annuitant’s lifetime. Life insurance products provide protection against financial hardship primarily after the death of an insured. On March 7, 2016, Genworth suspended sales of its traditional life insurance and fixed annuity products; however, GLICNY continues to service its existing retained and reinsured blocks of business.

GLICNY also has other products which have not been actively sold since 2011, but it continues to service its existing blocks of business. Those products include variable annuities and variable life insurance. Most of the variable annuities include a guaranteed minimum death benefit. Some of the individual variable annuity products include guaranteed minimum benefit features such as guaranteed minimum withdrawal benefits and certain types of guaranteed annuitization benefits.

The Separate Account has subaccounts that currently invest in series or portfolios (“Portfolios”) of open-end mutual funds (“Funds”). Such Portfolios are not sold directly to the general public. The Portfolios are sold to GLICNY, and they may also be sold to other insurance companies that issue variable annuity contracts and variable life insurance policies, including affiliated insurance companies of GLICNY. In addition, the Portfolios may be sold to retirement plans. GLICNY uses the Separate Account to support flexible premium variable deferred and immediate annuity contracts issued by GLICNY, as well as other purposes permitted by law.

Currently, there are multiple subaccounts of the Separate Account available under each contract. Each subaccount invests exclusively in shares representing an interest in a separate corresponding Portfolio (a division of a Fund, the assets of which are separate from other Portfolios that may be available in the Fund).

The assets of the Separate Account belong to GLICNY. However, GLICNY does not charge the assets in the Separate Account attributable to the contracts with liabilities arising out of any other business that GLICNY may conduct. The assets of the Separate Account will, however, be available to cover the liabilities of GLICNY’s General Account to the extent that the assets of the Separate Account exceed its liabilities arising under the contracts supported by it. Income and both realized and unrealized gains or losses from the assets of the Separate Account are credited to or charged against the Separate Account without regard to the income, gains or losses arising out of any other business GLICNY may conduct. Guarantees made under the contracts, including any rider options, are based on the claims paying ability of GLICNY to the extent that the amount of the guarantee exceeds the assets available in the Separate Account.

The Separate Account is registered with the U.S. Securities and Exchange Commission (“SEC”) as a unit investment trust under the Investment Company Act of 1940, as amended. The Separate Account meets the definition of a separate account under the Federal securities laws. Registration with the SEC does not involve supervision of the management or investment practices or policies of the Separate Account by the SEC. Contract owners assume the full investment risk for amounts allocated by contract owners to the Separate Account.

 

F-61


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

During the years ended December 31, 2025 and 2024, the following Portfolio names were changed:

 

Prior Portfolio Name

  

Current Portfolio Name

  

Effective Date

Columbia Funds Variable Series Trust II — CTIVP® — Principal Blue Chip Growth Fund — Class 1

  

Columbia Funds Variable Series Trust II — CTIVP® — Principal Large Cap Growth Fund — Class 1

  

May 30, 2025

Fidelity® Variable Insurance Products Fund — VIP Asset Manager Portfolio — Initial Class

  

Fidelity® Variable Insurance Products Fund — VIP Asset Manager 50% Portfolio — Initial Class

  

April 30, 2025

Fidelity® Variable Insurance Products Fund — VIP Asset Manager Portfolio — Service Class 2

  

Fidelity® Variable Insurance Products Fund — VIP Asset Manager 50% Portfolio — Service Class 2

  

April 30, 2025

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Capital Appreciation Fund — Series I shares

  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Discovery Large Cap Fund — Series I shares

  

April 29, 2025

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Capital Appreciation Fund — Series II shares

  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Discovery Large Cap Fund — Series II Shares

  

April 29, 2025

Legg Mason Partners Variable Equity Trust — ClearBridge Variable Aggressive Growth Portfolio — Class II

  

Legg Mason Partners Variable Equity Trust — ClearBridge Variable Growth Portfolio — Class II

  

April 29, 2024

American Century Variable Portfolios II, Inc. — VP Inflation Protection Fund — Class II

  

Lincoln Variable Insurance Products Trust — LVIP American Century Inflation Protection Fund — Service Class

  

April 26, 2024

American Century Variable Portfolios, Inc. — VP Disciplined Core Value Fund - Class I

  

Lincoln Variable Insurance Products Trust — LVIP American Century Disciplined Core Value Fund — Standard Class II

  

April 26, 2024

American Century Variable Portfolios, Inc. — VP International Fund — Class I

  

Lincoln Variable Insurance Products Trust — LVIP American Century International Fund — Standard Class II

  

April 26, 2024

American Century Variable Portfolios, Inc. — VP Ultra® Fund — Class I

  

Lincoln Variable Insurance Products Trust — LVIP American Century Ultra® Fund — Standard Class II

  

April 26, 2024

American Century Variable Portfolios, Inc. — VP Value Fund — Class I

  

Lincoln Variable Insurance Products Trust — LVIP American Century Value Fund — Standard Class II

  

April 26, 2024

During the years ended December 31, 2025 and 2024, the following Portfolios were liquidated, and the Portfolio assets were reinvested in new or existing Portfolio(s):

 

Liquidated Portfolio

  

Reinvested Portfolio

  

Inception Date

The Prudential Series Fund — PSF Natural Resources Portfolio — Class II Shares

  

The Prudential Series Fund — PSF PGIM Jennison Blend Portfolio — Class II Shares

  

April 11, 2025

Deutsche DWS Variable Series I — DWS Capital Growth VIP — Class B Shares

  

BNY Mellon — BNY Mellon Variable Investment Fund — Government Money Market Portfolio

  

June 17, 2024

 

F-62


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

Liquidated Portfolio

  

Reinvested Portfolio

  

Inception Date

Deutsche DWS Variable Series II — DWS CROCI® U.S. VIP — Class B Shares

  

BNY Mellon — BNY Mellon Variable Investment Fund — Government Money Market Portfolio

  

June 17, 2024

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Conservative Balanced Fund — Series I shares

  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Equity and Income Fund — Series I shares

  

April 26, 2024

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Conservative Balanced Fund — Series II shares

  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Equity and Income Fund — Series II shares

  

April 26, 2024

All designated Portfolios listed above are series type mutual funds.

 

(2)

Summary of Significant Accounting Policies

(a) Basis of Presentation

These financial statements have been prepared on the basis of U.S. generally accepted accounting principles (“U.S. GAAP”). Preparing financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts and disclosures reported therein. Actual results could differ from those estimates. The Separate account is an investment company and follows accounting and reporting guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies.

(b) Investments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Separate Account, generally, uses a market approach as the valuation technique due to the nature of the mutual fund investments offered in the Separate Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs. Investments in mutual funds are valued at the mutual fund’s closing net asset value per share on the day of valuation.

Valuation Inputs: Various inputs are used to determine the value of the mutual fund’s investments. These inputs are summarized in the three broad levels listed below:

 

   

Level 1 — quoted prices in active markets for identical securities;

 

   

Level 2 — observable inputs other than Level 1 quoted prices (including, but not limited to, quoted prices for similar securities, interest rates, prepayment speeds and credit risk); and

 

   

Level 3 — unobservable inputs.

The investments of the Separate Account are measured at fair value on a recurring basis. All investments are categorized as Level 1 as of December 31, 2025 and there were no transfers between the levels during 2025.

Purchases and redemptions of investments in mutual funds are recorded on the Valuation Day the request for the purchase or redemption is received. A Valuation Day is any day that the New York Stock Exchange is open for regular trading, except for days on which a Portfolio does not value its shares. Income distributions, and gains from realized gain distributions, are recorded on the ex-dividend date. Realized gains and losses on investments are determined on the average cost basis. Units and unit values are disclosed as of the last Valuation Day of the applicable year or period.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

(c) Unit Classes

There are several unit classes of subaccounts based on the variable annuity contract through which the subaccounts are available. An indefinite number of units in each unit class is authorized. Each unit class has its own expense structure as noted in note 4(a) below. In January 2011, Genworth announced that its insurance company subsidiaries, including GLICNY, would discontinue new sales of variable annuity products but would continue to service existing blocks of business. Although the contracts are no longer available for new sales, additional purchase payments may still be accepted under the terms of the contracts.

(d) Federal Income Taxes

The operations of the Separate Account are a part of, and taxed with, the operations of GLICNY. Therefore, the Separate Account is not separately taxed as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). Under existing federal income tax laws, investment income and capital gains of the Separate Account are not taxed. Accordingly, the Separate Account paid no federal income taxes and no federal income tax payment was required. GLICNY is taxed as a life insurance company under the Code.

(e) Payments During Annuitization

Net assets allocated to the contracts in variable payout stages (“variable annuitization”) are computed in accordance with the mortality tables in effect at the time of contract issue. The default assumed interest rate is an effective annual rate of 3% for all variable annuitizations paid on a life contingency basis, with the exception of those contract owners who have annuitized while electing the Payment Optimizer Plus rider option. Under this rider option, the assumed interest rate is 4%. For contract owners who have purchased the RetireReadySM Retirement Answer variable annuity, the assumed interest rate is 3.5%. The mortality risk is fully borne by GLICNY and may result in amounts transferred from GLICNY’s General Account to the Separate Account should annuitants live longer than assumed. GLICNY may transfer amounts from the Separate Account to its General Account should the contracts experience higher mortality than assumed.

(f) Segment Reporting

An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by a public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The subaccounts within the Separate Account apply the guidance in Topic 280, Segment Reporting, which impacts financial statement disclosures only and does not affect the financial position or results of operations of the subaccounts of the Separate Account. The subaccounts have acted as single reportable segments, and the CODM of the subaccounts within the Separate Account is the Variable Product Portfolio Manager. The Separate Account is structured with a limited purpose by design, and its sole purpose is to record and report the invested funds and activities and performance chosen by contract/policy holders. Investment performance of funds may vary based on the underlying fund’s investment objectives specified in the fund prospectuses. Significant revenues and expenses are reported on the Statements of Changes in Net Assets and are reviewed by the CODM. The accounting policies of the segment are the same as those described in the summary of significant accounting policies herein.

(g) Subsequent Events

No material subsequent events have occurred since December 31, 2025 through April 23, 2026, the date the financial statements were available to be issued, that would require adjustment to the financial statements.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

(3)

Purchases and Sales of Investments

The aggregate cost of investments acquired, and the aggregate proceeds of investments sold, for the year ended December 31, 2025 were:

Fund/Portfolio

  Cost of
Shares
Acquired
    Proceeds
from

Shares Sold
 

AB Variable Products Series Fund, Inc.

   

AB VPS Balanced Hedged Allocation Portfolio — Class B

  $ 194,989     $ 427,628  

AB VPS International Value Portfolio — Class B

    11,023       62,386  

AB VPS Large Cap Growth Portfolio — Class B

    140,940       280,755  

AB VPS Relative Value Portfolio — Class B

    488,799       934,986  

AB VPS Small Cap Growth Portfolio — Class B

    35,481       53,689  

AB VPS Sustainable Global Thematic Portfolio — Class B

    7,314       1,413  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

   

Invesco V.I. American Franchise Fund — Series I shares

    50,428       274,183  

Invesco V.I. American Franchise Fund — Series II shares

    7,016       7,917  

Invesco V.I. American Value Fund — Series II shares

    101,907       19,174  

Invesco V.I. Comstock Fund — Series II shares

    1,368,396       860,865  

Invesco V.I. Core Equity Fund — Series I shares

    3,041,104       2,537,289  

Invesco V.I. Core Plus Bond Fund — Series I shares

    49,503       10,638  

Invesco V.I. Discovery Large Cap Fund — Series I shares

    19,578       58,752  

Invesco V.I. Discovery Large Cap Fund — Series II Shares

    387,888       205,048  

Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares

    19,758       29,323  

Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares

    14,700       2,647  

Invesco V.I. EQV International Equity Fund — Series II shares

    479,401       766,493  

Invesco V.I. Equity and Income Fund — Series I shares

    2,480       540  

Invesco V.I. Equity and Income Fund — Series II shares

    244,849       460,164  

Invesco V.I. Global Fund — Series II shares

    744,116       729,546  

Invesco V.I. Global Real Estate Fund — Series II shares

    14,629       210,783  

Invesco V.I. Global Strategic Income Fund — Series I shares

    197       224  

Invesco V.I. Main Street Fund® — Series II shares

    2,086,837       3,330,933  

Invesco V.I. Main Street Small Cap Fund® — Series II shares

    865,762       1,079,182  

Allspring Variable Trust

   

Allspring VT Discovery All Cap Growth Fund — Class 2

    134,923       38,968  

BNY Mellon

   

BNY Mellon Investment Portfolios — MidCap Stock Portfolio — Initial Shares

    36,090       212,141  

BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares

    2,266       423  

BNY Mellon Variable Investment Fund — Government Money Market Portfolio

    318,965       325,863  

BlackRock Variable Series Funds, Inc.

   

BlackRock Advantage SMID Cap V.I. Fund — Class III Shares

    14,769       43,829  

BlackRock Basic Value V.I. Fund — Class III Shares

    264,463       314,833  

BlackRock Global Allocation V.I. Fund — Class III Shares

    3,951,411       5,959,728  

BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares

    27,177       37,044  

Columbia Funds Variable Series Trust II

   

CTIVP® — Principal Large Cap Growth Fund — Class 1

    21,742       301,434  

Columbia Variable Portfolio — Overseas Core Fund — Class 2

    162,252       332,353  

Deutsche DWS Variable Series II

   

DWS Small Mid Cap Value VIP — Class B Shares

    192,829       28,763  

 

F-65


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

Fund/Portfolio

  Cost of
Shares
Acquired
    Proceeds
from

Shares Sold
 

Eaton Vance Variable Trust

   

VT Floating-Rate Income Fund

  $ 753,755     $ 924,362  

Federated Hermes Insurance Series

   

Federated Hermes High Income Bond Fund II — Primary Shares

    12       35  

Federated Hermes High Income Bond Fund II — Service Shares

    68,859       155,408  

Federated Hermes Kaufmann Fund II — Service Shares

    707,081       869,742  

Federated Hermes Managed Volatility Fund II — Primary Shares

    1,838       663  

Fidelity® Variable Insurance Products Fund

   

VIP Asset Manager 50% Portfolio — Initial Class

    8,208       2,259  

VIP Asset Manager 50% Portfolio — Service Class 2

    3,162       3,522  

VIP Balanced Portfolio — Service Class 2

    416,731       2,134,686  

VIP Contrafund® Portfolio — Initial Class

    162,128       32,243  

VIP Contrafund® Portfolio — Service Class 2

    4,791,215       5,711,527  

VIP Dynamic Capital Appreciation Portfolio — Service Class 2

    3,512       937  

VIP Equity-Income PortfolioSM — Initial Class

    19,874       4,897  

VIP Equity-Income PortfolioSM — Service Class 2

    224,025       531,633  

VIP Growth & Income Portfolio — Initial Class

    32,278       79,909  

VIP Growth & Income Portfolio — Service Class 2

    110,698       110,705  

VIP Growth Opportunities Portfolio — Initial Class

    1,458       2,949  

VIP Growth Opportunities Portfolio — Service Class 2

    71,400       89,026  

VIP Growth Portfolio — Initial Class

    89,076       22,004  

VIP Growth Portfolio — Service Class 2

    157,083       37,706  

VIP Investment Grade Bond Portfolio — Service Class 2

    1,404,327       2,094,160  

VIP Mid Cap Portfolio — Service Class 2

    903,123       3,251,425  

VIP Overseas Portfolio — Initial Class

    14,097       7,898  

VIP Value Strategies Portfolio — Service Class 2

    3,933       20,874  

Franklin Templeton Variable Insurance Products Trust

   

Franklin Allocation VIP Fund — Class 2 Shares

    496,918       1,259,404  

Franklin Income VIP Fund — Class 2 Shares

    2,110,899       5,188,285  

Franklin Large Cap Growth VIP Fund — Class 2 Shares

    39,594       7,208  

Franklin Mutual Shares VIP Fund — Class 2 Shares

    1,148,981       1,257,014  

Templeton Foreign VIP Fund — Class 1 Shares

    —        —   

Templeton Foreign VIP Fund — Class 2 Shares

    210,733       211,282  

Templeton Global Bond VIP Fund — Class 1 Shares

    —        30  

Templeton Growth VIP Fund — Class 2 Shares

    61,991       142,867  

Goldman Sachs Variable Insurance Trust

   

Goldman Sachs Government Money Market Fund — Service Shares

    6,673,024       7,182,279  

Goldman Sachs Large Cap Value Fund — Institutional Shares

    26,792       14,787  

Goldman Sachs Mid Cap Value Fund — Institutional Shares

    35,170       78,084  

Janus Aspen Series

   

Janus Henderson Balanced Portfolio — Institutional Shares

    37,311       30,413  

Janus Henderson Balanced Portfolio — Service Shares

    500,947       1,330,268  

Janus Henderson Enterprise Portfolio — Institutional Shares

    66,215       34,101  

Janus Henderson Enterprise Portfolio — Service Shares

    14,264       1,773  

Janus Henderson Flexible Bond Portfolio — Institutional Shares

    12       7  

Janus Henderson Forty Portfolio — Institutional Shares

    130,631       49,415  

Janus Henderson Forty Portfolio — Service Shares

    218,059       298,434  

 

F-66


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

Fund/Portfolio

  Cost of
Shares
Acquired
    Proceeds
from

Shares Sold
 

Janus Henderson Global Research Portfolio — Institutional Shares

  $ 23,265     $ 17,875  

Janus Henderson Global Research Portfolio — Service Shares

    12,260       18,571  

Janus Henderson Global Technology and Innovation Portfolio — Service Shares

    —        —   

Janus Henderson Overseas Portfolio — Institutional Shares

    3,645       6,747  

Janus Henderson Overseas Portfolio — Service Shares

    1,201       2,115  

Janus Henderson Research Portfolio — Institutional Shares

    48,947       100,680  

Janus Henderson Research Portfolio — Service Shares

    842       1,396  

Legg Mason Partners Variable Equity Trust

   

ClearBridge Variable Dividend Strategy Portfolio — Class I

    —        —   

ClearBridge Variable Dividend Strategy Portfolio — Class II

    9,819       133,907  

ClearBridge Variable Growth Portfolio — Class II

    21,687       4,507  

ClearBridge Variable Large Cap Value Portfolio — Class I

    23,322       25,184  

Lincoln Variable Insurance Products Trust

   

LVIP American Century Disciplined Core Value Fund — Standard Class II

    811       1,145  

LVIP American Century Inflation Protection Fund — Service Class

    610,279       755,078  

LVIP American Century International Fund — Standard Class II

    21,999       53,173  

LVIP American Century Ultra® Fund — Standard Class II

    369,295       351,457  

LVIP American Century Value Fund — Standard Class II

    15,329       14,815  

LVIP JPMorgan Core Bond Fund — Standard Class

    140,337       213,627  

LVIP JPMorgan Mid Cap Value Fund — Standard Class

    512,200       470,847  

LVIP JPMorgan Small Cap Core Fund — Standard Class

    311,489       497,740  

LVIP JPMorgan U.S. Equity Fund — Standard Class

    778,100       133,329  

MFS® Variable Insurance Trust

   

MFS® Investors Trust Series — Service Class Shares

    107,892       25,378  

MFS® New Discovery Series — Service Class Shares

    678       41,902  

MFS® Total Return Series — Service Class Shares

    466,381       612,791  

MFS® Utilities Series — Service Class Shares

    60,626       220,988  

MFS® Variable Insurance Trust II

   

MFS® Income Portfolio — Service Class Shares

    998       2,681  

MFS® Massachusetts Investors Growth Stock Portfolio — Service Class Shares

    247,520       652,430  

PIMCO Variable Insurance Trust

   

All Asset Portfolio — Advisor Class Shares

    15,574       25,844  

High Yield Portfolio — Administrative Class Shares

    469,755       667,424  

International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares

    536       273  

Long-Term U.S. Government Portfolio — Administrative Class Shares

    1,206,545       1,097,514  

Low Duration Portfolio — Administrative Class Shares

    964,061       1,240,247  

Total Return Portfolio — Administrative Class Shares

    1,789,607       3,443,245  

Rydex Variable Trust

   

NASDAQ — 100® Fund

    11,800       40,780  

State Street Variable Insurance Series Funds, Inc.

   

Income V.I.S. Fund — Class 1 Shares

    31,637       33,329  

Premier Growth Equity V.I.S. Fund — Class 1 Shares

    109,618       35,498  

Real Estate Securities V.I.S. Fund — Class 1 Shares

    75,919       156,652  

S&P 500® Index V.I.S. Fund — Class 1 Shares

    783,352       1,170,670  

Small-Cap Equity V.I.S. Fund — Class 1 Shares

    192,353       161,319  

Total Return V.I.S. Fund — Class 1 Shares

    912,820       847,852  

Total Return V.I.S. Fund — Class 3 Shares

    2,537,720       6,555,983  

U.S. Equity V.I.S. Fund — Class 1 Shares

    87,184       27,857  

 

F-67


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

Fund/Portfolio

  Cost of
Shares
Acquired
    Proceeds
from

Shares Sold
 

The Alger Portfolios

   

Alger Large Cap Growth Portfolio — Class I-2 Shares

  $ 28,808     $ 24,634  

Alger Small Cap Growth Portfolio — Class I-2 Shares

    4,049       29,539  

The Prudential Series Fund

   

PSF Natural Resources Portfolio — Class II Shares

    8,173       352,711  

PSF PGIM Jennison Blend Portfolio — Class II Shares

    504,856       192,334  

PSF PGIM Jennison Growth Portfolio — Class II Shares

    —        7,035  

 

(4)

Related Party Transactions

(a) GLICNY

Net purchase payments (premiums) transferred from GLICNY to the Separate Account represent gross premiums recorded by GLICNY on its flexible premium variable deferred and immediate annuity contracts, less deductions retained as compensation for premium taxes. For contracts issued on or after May 1, 1993, the deduction for premium taxes is deferred until the contracts are surrendered.

Some contracts permit contract owners to elect to allocate assets to a Guarantee Account that is part of the General Account of GLICNY. Amounts allocated to the Guarantee Account earn interest at the interest rate in effect at the time of such allocation or transfer. The interest rate remains in effect for a guaranteed period of time (at least a period of one year), after which a new rate may be declared. Contract owners may transfer amounts from the Guarantee Account to the subaccounts of the Separate Account and in certain instances transfer amounts from the subaccounts of the Separate Account to the Guarantee Account.

Generally, charges are assessed under the contracts to cover surrenders, certain administrative expenses, and the mortality and expense risks that GLICNY assumes, as well as any additional benefits provided under the contract such as optional benefits, as applicable. The surrender charges are assessed to cover certain expenses relating to the sale of a contract. The fees charged to cover administrative expenses and mortality and expense risk charges, as well as through certain electable rider options, are assessed through the daily unit value calculation. Those fees are assessed on the contract owner’s daily average net assets in the Separate Account. Other charges assessed to cover certain other administrative expenses, as well as certain optional riders, are assessed by the redemption of units. Note 6 presents the total charge percentage by unit in a range. The unit class may encompass multiple contracts through a combination of one or more electable rider options equal to the total amount assessed on a daily basis.

The Separate Account assesses charges associated with the contracts issued. These charges are either assessed as a direct reduction in unit values or through a redemption of units for all contracts contained within the Separate Account.

 

Mortality and Expense Risk Charge (including benefit rider options)

 

This charge is assessed through a reduction in unit values.

   1.00% — 2.80% of the daily value of the assets invested in each Portfolio (fund).

Administrative Charge

 

This charge is assessed through a reduction in unit values.

   0.15% — 0.25% of the daily value of the assets invested in each fund.

Annual Administrative Charge

 

This charge is assessed through a redemption in units.

   $0 — $30 per contract year invested in each fund.

Surrender Charge

 

This charge is assessed through a redemption in units.

   0.00% — 9.00% on the value of the accumulation units purchased.

 

F-68


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

(b) Accrued Expenses Payable to Affiliate

Charges and deductions made under the contracts for services and benefits unpaid at year-end are accrued and payable to GLICNY.

(c) Bonus Credit

For certain contracts, transfers from the General Account for payments by GLICNY were paid in the form of bonus credits. Bonus credits are amounts that are added by GLICNY to the premium payments received from contract owners.

(d) Capital Brokerage Corporation

Capital Brokerage Corporation (“CBC”), an affiliate of GLICNY, is a Washington corporation registered with the SEC under the Securities Exchange Act of 1934 as a broker-dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”). CBC serves as the distributor and principal underwriter for variable annuity contracts and variable life insurance policies issued by GLICNY. GLICNY pays commissions and other marketing related expenses to CBC. Certain officers and directors of GLICNY are also officers and directors of CBC.

 

(5)

Capital Transactions

All dividends and capital gain distributions of the Portfolios are automatically reinvested in shares of the distributing Portfolios at their net asset value on the date of distribution. In other words, Portfolio dividends or Portfolio distributions are not paid to contract owners as additional units, but instead are reflected in unit values.

The increase (decrease) in outstanding units and amounts by subaccount from capital transactions for the years or lesser periods ended December 31, 2025 and 2024 is reflected in the Statements of Changes in Net Assets.

 

(6)

Financial Highlights

GLICNY’s variable annuity products have unique combinations of features and fees that are assessed to the contract owner. Differences in fee structures result in a variety of contract expense rates, unit values, and total returns. A summary by subaccount of the outstanding units, unit values, net assets, expense ratios, investment income ratios and total return ratios for the years or lesser periods ended December 31, 2025, 2024, 2023, 2022, and 2021 follows. This information is presented as a range based upon product grouping. Expenses as a percent of average net assets are presented as a range of lowest to highest contract expense rate. The unit value and total return ranges are presented to correlate to the respective expense rate. Accordingly, some individual contract amounts may not be within the ranges presented due to the timing of the introduction of new funds.

 

F-69


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

Financial highlights are only disclosed for Portfolios that were available to contract owners as of December 31, 2025. Portfolios liquidated in the current year (see note 1) are not included.

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

AB Variable Products Series Fund, Inc.

 

AB VPS Balanced Hedged
Allocation Portfolio — Class B

           

2025

    1.45% to 2.70%       110,043       19.99 to 12.65       1,998       1.89%       15.66% to   14.20%  

2024

    1.45% to 2.70%       129,405       17.28 to 11.08       2,044       1.76%       6.99% to    5.63%  

2023

    1.45% to 2.70%       139,676       16.15 to 10.49       2,072       0.90%       11.03% to    9.63%  

2022

    1.45% to 2.70%       151,656       14.55 to  9.57       2,039       3.08%       (20.34)% to (21.35)%  

2021

    1.45% to 2.70%       172,424       18.26 to 12.17       2,930       0.26%       11.72% to   10.30%  

AB VPS International Value Portfolio — Class B

           

2025

    1.45% to 1.85%       28,398       16.92 to 14.68       442       2.26%       39.23% to   38.66%  

2024

    1.45% to 1.85%       32,909       12.15 to 10.59       362       0.97%       3.28% to    2.86%  

2023

    1.15% to 2.95%       364,227       7.01 to 10.54       2,680       1.11%       13.51% to   11.45%  

2022

    1.45% to 1.85%       41,456       10.40 to  9.13       382       1.06%       (15.04)% to (15.39)%  

2021

    1.15% to 2.95%       491,301       7.25 to 11.30       3,790       1.97%       9.58% to    7.59%  

AB VPS Large Cap Growth Portfolio — Class B

           

2025

    1.45% to 1.85%       17,327       57.39 to 65.86       1,049       0.00%       11.22% to   10.76%  

2024

    1.45% to 2.70%       21,600       51.60 to 19.73       1,150       0.00%       23.13% to   21.56%  

2023

    1.45% to 2.70%       25,603       41.91 to 16.23       1,118       0.00%       32.84% to   31.16%  

2022

    1.45% to 2.70%       27,183       31.55 to 12.38       890       0.00%       (29.72)% to (30.61)%  

2021

    1.45% to 2.70%       26,758       44.89 to 17.83       1,250       0.00%       26.79% to   25.18%  

AB VPS Relative Value Portfolio — Class B

           

2025

    1.40% to 1.85%       46,083       51.27 to 34.39       1,730       0.86%       8.66% to    8.16%  

2024

    1.40% to 2.70%       62,624       47.18 to 14.61       2,150       1.39%       11.18% to    9.70%  

2023

    1.40% to 2.70%       88,319       42.44 to 13.32       2,764       1.27%       10.16% to    8.71%  

2022

    1.40% to 2.70%       98,030       38.52 to 12.25       2,818       1.11%       (5.75)% to  (6.99)%  

2021

    1.40% to 2.70%       113,681       40.88 to 13.17       3,453       0.62%       26.05% to   24.39%  

AB VPS Small Cap Growth Portfolio — Class B

           

2025

    1.45% to 1.80%       7,051       50.17 to 49.79       298       0.00%       2.94% to    2.57%  

2024

    1.45% to 1.80%       7,271       48.74 to 48.54       301       0.00%       16.72% to   16.30%  

2023

    1.45% to 1.80%       13,523       41.76 to 41.74       524       0.00%       16.02% to   15.61%  

2022

    1.45% to 1.80%       15,489       35.99 to 36.10       520       0.00%       (40.14)% to (40.36)%  

2021

    1.45% to 1.80%       16,101       60.13 to 60.53       921       0.00%       7.62% to    7.24%  

AB VPS Sustainable Global Thematic Portfolio — Class B

           

2025

    1.45% to 1.70%       1,363       37.73 to 28.40       50       0.00%       4.49% to    4.22%  

2024

    1.45% to 1.70%       1,357       36.11 to 27.25       48       0.00%       4.41% to    4.15%  

2023

    1.45% to 1.70%       1,585       34.58 to 26.16       53       0.03%       14.03% to   13.74%  

2022

    1.45% to 1.70%       2,106       30.33 to 16.29       60       0.00%       (28.22)% to (28.41)%  

2021

    1.45% to 1.70%       2,320       42.25 to 22.75       91       0.00%       20.80% to   20.49%  

 

F-70


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

           

Invesco V.I. American Franchise Fund — Series I shares

           

2025

    1.45% to 1.70%       4,623       50.54 to 49.21       231       0.00%       10.05% to    9.77%  

2024

    1.45% to 2.70%       10,145       45.93 to 19.82       437       0.00%       32.92% to   31.23%  

2023

    1.45% to 2.70%       12,181       34.55 to 15.11       394       0.00%       38.89% to   37.14%  

2022

    1.45% to 2.70%       12,375       24.88 to 11.02       290       0.00%       (32.11)% to (32.97)%  

2021

    1.45% to 2.70%       11,602       36.64 to 16.43       407       0.00%       10.30% to    8.90%  

Invesco V.I. American Franchise Fund — Series II shares

           

2025

    1.45% to 1.70%       1,181       56.42 to 64.78       68       0.00%       9.77% to    9.49%  

2024

    1.45% to 1.70%       1,319       51.40 to 59.16       69       0.00%       32.60% to   32.26%  

2023

    1.45% to 1.70%       10,417       38.76 to 44.73       393       0.00%       38.57% to   38.22%  

2022

    1.45% to 1.70%       10,889       27.97 to 32.36       297       0.00%       (32.29)% to (32.46)%  

2021

    1.45% to 1.70%       10,692       41.31 to 47.92       432       0.00%       10.03% to    9.75%  

Invesco V.I. American Value Fund — Series II shares

           

2025

    1.45% to 1.80%       33,493       17.42 to 17.13       580       0.23%       19.01% to   18.59%  

2024

    1.45% to 1.80%       32,954       14.63 to 14.44       480       0.84%       28.20% to   27.74%  

2023

    1.45% to 1.80%       47,004       11.42 to 11.31       535       0.40%       13.62% to   13.22%  

2022

    1.45% to 1.80%       44,687       10.05 to  9.99       448       0.49%       (4.27)% to  (4.61)%  

2021 (4)

    1.45% to 1.80%       38,004       10.49 to 10.47       398       0.24%       4.95% to    4.70%  

Invesco V.I. Comstock Fund — Series II shares

           

2025

    1.15% to 2.95%       112,140       35.86 to 17.89       3,884       1.57%       15.80% to   13.69%  

2024

    1.15% to 2.95%       108,112       30.97 to 15.74       3,277       1.33%       13.54% to   11.46%  

2023

    1.15% to 2.95%       157,069       27.27 to 14.12       4,234       2.21%       10.81% to    8.80%  

2022

    1.45% to 1.85%       38,605       33.55 to 26.17       1,164       1.17%       (0.61)% to  (1.02)%  

2021

    1.45% to 2.25%       52,083       33.76 to 21.13       1,577       1.57%       31.12% to   30.05%  

Invesco V.I. Core Equity Fund — Series I shares 2025

    1.15% to 2.95%       336,652       35.14 to 18.55       10,761       0.68%       14.83% to   12.74%  

2024

    1.15% to 2.95%       341,887       30.60 to 16.46       9,601       0.84%       24.15% to   21.88%  

2023

    1.45% to 1.70%       15,487       27.89 to 22.54       407       0.11%       21.58% to   21.27%  

2022

    1.15% to 2.95%       583,672       20.21 to 11.28       10,924       0.86%       (21.46)% to (22.89)%  

2021

    1.15% to 2.95%       685,931       25.73 to 14.62       16,469       0.79%       26.27% to   23.97%  

Invesco V.I. Core Plus Bond Fund — Series I shares

           

2025

    1.40% to 1.40%       55,247       10.59 to 10.59       585       4.34%       5.59% to    5.59%  

2024

    1.40% to 1.40%       53,067       10.03 to 10.03       532       3.81%       1.61% to    1.61%  

2023

    1.40% to 1.40%       47,733       9.87 to  9.87       471       2.83%       4.66% to    4.66%  

2022 (5)

    1.40% to 1.40%       35,770       9.43 to  9.43       337       0.97%       (5.69)% to  (5.69)%  

 

F-71


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

Invesco V.I. Discovery Large Cap Fund — Series I shares

           

2025

    1.40% to 1.40%       1,734       66.80 to 66.80       116       0.00%       11.22% to   11.22%  

2024

    1.40% to 1.40%       2,574       60.06 to 60.06       155       0.00%       32.27% to   32.27%  

2023

    1.40% to 1.40%       2,697       45.41 to 45.41       123       0.00%       33.49% to   33.49%  

2022

    1.40% to 1.40%       2,777       34.01 to 34.01       94       0.00%       (31.75)% to (31.75)%  

2021

    1.40% to 1.40%       3,420       49.84 to 49.84       170       0.00%       20.86% to   20.86%  

Invesco V.I. Discovery Large Cap Fund — Series II Shares

           

2025

    1.45% to 2.70%       20,565       69.10 to 21.59       1,159       0.00%       10.90% to    9.50%  

2024

    1.45% to 2.70%       18,727       62.31 to 19.72       992       0.00%       31.88% to   30.20%  

2023

    1.45% to 2.70%       22,718       47.25 to 15.14       896       0.00%       33.08% to   31.40%  

2022

    1.45% to 2.70%       23,907       35.51 to 11.52       713       0.00%       (31.96)% to (32.83)%  

2021

    1.45% to 2.70%       22,265       52.19 to 17.16       1,010       0.00%       20.51% to   18.98%  

Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares

           

2025

    1.40% to 1.40%       3,846       46.01 to 46.01       177       0.00%       3.32% to    3.32%  

2024

    1.40% to 1.40%       4,331       44.53 to 44.53       193       0.00%       22.48% to   22.48%  

2023

    1.40% to 1.40%       4,365       36.36 to 36.36       159       0.00%       11.57% to   11.57%  

2022

    1.40% to 1.40%       4,560       32.58 to 32.58       149       0.00%       (31.95)% to (31.95)%  

2021

    1.40% to 1.40%       4,605       47.88 to 47.88       220       0.00%       17.43% to   17.43%  

Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares

           

2025

    1.45% to 1.60%       2,755       55.30 to 53.42       148       0.00%       3.02% to    2.86%  

2024

    1.45% to 1.60%       2,755       53.68 to 51.93       144       0.00%       22.12% to   21.93%  

2023

    1.45% to 2.30%       3,374       43.96 to 23.03       133       0.00%       11.22% to   10.26%  

2022

    1.45% to 2.30%       3,375       39.52 to 20.89       120       0.00%       (32.13)% to (32.71)%  

2021

    1.45% to 2.30%       3,858       58.23 to 31.05       194       0.00%       17.07% to   16.06%  

Invesco V.I. EQV International Equity Fund — Series II shares

           

2025

    1.15% to 2.95%       174,269       15.66 to 11.86       2,773       1.16%       14.89% to   12.80%  

2024

    1.15% to 2.95%       205,272       13.63 to 10.51       2,845       2.46%       (0.82)% to  (2.63)%  

2023

    1.15% to 1.85%       37,182       13.74 to 20.37       633       0.00%       16.52% to   15.69%  

2022

    1.15% to 1.85%       41,078       11.79 to 17.61       600       1.46%       (19.44)% to (20.01)%  

2021

    1.15% to 2.25%       43,789       14.64 to 14.42       792       1.03%       4.39% to    3.23%  

Invesco V.I. Equity and Income Fund — Series I shares

           

2025

    1.40% to 1.40%       2,963       11.83 to 11.83       35       2.14%       11.23% to   11.23%  

2024 (7)

    1.40% to 1.40%       2,970       10.63 to 10.63       32       1.71%       6.34% to    6.34%  

Invesco V.I. Equity and Income Fund — Series II shares

           

2025

    1.45% to 2.95%       102,938       26.77 to 14.46       2,045       1.83%       10.89% to    9.20%  

2024

    1.45% to 2.95%       116,939       24.14 to 13.25       2,160       1.95%       10.28% to    8.59%  

2023

    1.45% to 2.95%       35,687       21.82 to 12.20       689       1.75%       8.64% to    7.00%  

2022

    1.45% to 2.95%       37,230       20.09 to 11.40       666       1.39%       (9.05)% to (10.43)%  

2021

    1.45% to 2.95%       42,867       22.08 to 12.73       848       1.64%       16.64% to   14.86%  

 

F-72


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

Invesco V.I. Global Fund — Series II shares

           

2025

    1.45% to 2.05%       84,652       49.12 to 29.98       3,046       0.00%       13.35% to   12.66%  

2024

    1.45% to 2.05%       99,257       43.34 to 26.62       3,172       0.00%       14.10% to   13.40%  

2023

    1.45% to 2.05%       115,794       37.99 to 23.47       3,289       0.00%       32.50% to   31.70%  

2022

    1.45% to 2.05%       139,255       28.67 to 17.82       2,988       0.00%       (32.92)% to (33.33)%  

2021

    1.45% to 2.05%       147,247       42.74 to 26.73       4,887       0.00%       13.50% to   12.81%  

Invesco V.I. Global Real Estate Fund — Series II shares

           

2025

    1.45% to 1.45%       272       16.64 to 16.64       5       0.26%       6.05% to    6.05%  

2024

    1.45% to 2.70%       17,627       15.69 to  7.82       190       2.52%       (3.54)% to  (4.77)%  

2023

    1.45% to 1.45%       276       16.26 to 16.26       4       1.23%       7.25% to    7.25%  

2022

    1.45% to 1.45%       278       15.17 to 15.17       4       2.57%       (26.23)% to (26.23)%  

2021

    1.45% to 1.45%       281       20.56 to 20.56       6       0.62%       23.62% to   23.62%  

Invesco V.I. Global Strategic Income Fund — Series I shares

           

2025

    1.40% to 1.40%       307       11.42 to 11.42       4       5.78%       11.40% to   11.40%  

2024

    1.40% to 1.40%       323       10.25 to 10.25       3       2.89%       1.71% to    1.71%  

2023

    1.40% to 1.40%       367       10.08 to 10.08       4       0.00%       7.37% to    7.37%  

2022

    1.40% to 1.40%       486       9.39 to  9.39       5       0.00%       (12.70)% to (12.70)%  

2021

    1.40% to 1.40%       888       10.75 to 10.75       10       4.80%       (4.76)% to  (4.76)%  

Invesco V.I. Main Street Fund® — Series II shares

           

2025

    1.15% to 2.95%       353,202       39.51 to 17.86       12,712       0.31%       14.31% to   12.23%  

2024

    1.15% to 2.95%       406,194       34.56 to 15.92       12,915       0.00%       21.96% to   19.73%  

2023

    1.45% to 1.80%       46,883       33.23 to 32.79       1,500       0.13%       21.05% to   20.63%  

2022

    1.15% to 2.95%       560,942       23.34 to 11.15       12,269       0.97%       (21.23)% to (22.66)%  

2021

    1.15% to 2.95%       757,232       29.63 to 14.42       21,068       0.78%       25.77% to   23.48%  

Invesco V.I. Main Street Small Cap Fund® — Series II shares

           

2025

    1.15% to 2.95%       91,955       36.91 to 15.89       3,471       0.23%       7.19% to    5.24%  

2024

    1.15% to 2.95%       105,094       34.43 to 15.10       3,754       0.00%       11.10% to    9.07%  

2023

    1.45% to 1.85%       29,244       57.27 to 32.92       1,328       0.93%       16.12% to   15.65%  

2022

    1.45% to 1.85%       32,176       49.32 to 28.46       1,269       0.22%       (17.26)% to (17.59)%  

2021

    1.45% to 2.25%       39,621       59.61 to 27.37       1,954       0.12%       20.49% to   19.51%  

Allspring Variable Trust

           

Allspring VT Discovery All Cap Growth Fund — Class 2

           

2025

    1.45% to 1.65%       4,669       60.54 to 58.66       279       0.00%       13.60% to   13.37%  

2024

    1.45% to 1.65%       4,442       53.29 to 51.75       233       0.00%       19.24% to   18.99%  

2023

    1.45% to 1.65%       10,968       44.69 to 43.49       482       0.00%       31.24% to   30.98%  

2022

    1.45% to 1.65%       11,400       34.05 to 33.20       382       0.00%       (38.11)% to (38.24)%  

2021

    1.45% to 1.65%       11,024       55.02 to 53.75       598       0.00%       13.30% to   13.07%  

 

F-73


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

BNY Mellon

           

BNY Mellon Investment Portfolios — MidCap Stock Portfolio — Initial Shares

           

2025

    1.45% to 1.60%       204       53.07 to 51.22       11       1.11%       8.47% to    8.31%  

2024

    1.45% to 2.70%       6,639       48.92 to 14.18       193       0.06%       10.97% to    9.56%  

2023

    1.45% to 1.60%       439       44.08 to 42.68       19       0.78%       16.60% to   16.42%  

2022

    1.45% to 1.60%       434       37.81 to 36.66       16       0.73%       (15.32)% to (15.45)%  

2021

    1.45% to 1.60%       463       44.65 to 43.35       20       0.53%       24.06% to   23.87%  

BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares

           

2025

    1.45% to 1.60%       610       42.18 to 47.71       29       0.25%       14.29% to   14.12%  

2024

    1.45% to 1.60%       607       36.90 to 41.81       25       1.06%       23.07% to   22.88%  

2023

    1.45% to 2.70%       30,940       29.98 to 14.69       916       0.08%       22.03% to   20.49%  

2022

    1.45% to 1.60%       2,913       24.57 to 27.92       73       0.60%       (23.99)% to (24.10)%  

2021

    1.45% to 1.60%       4,820       32.33 to 36.79       158       0.85%       25.16% to   24.97%  

BNY Mellon Variable Investment Fund — Government Money Market Portfolio

           

2025

    1.45% to 2.05%       80,993       9.97 to  8.83       800       3.80%       2.42% to    1.80%  

2024

    1.45% to 2.05%       83,748       9.73 to  8.67       807       4.58%       3.24% to    2.61%  

2023

    1.45% to 1.60%       43,033       9.43 to  9.13       401       4.49%       3.08% to    2.93%  

2022

    1.45% to 1.80%       44,669       9.14 to  8.51       404       1.22%       (0.20)% to  (0.55)%  

2021

    1.45% to 1.80%       50,952       9.16 to  8.55       462       0.01%       (1.44)% to  (1.79)%  

BlackRock Variable Series Funds, Inc.

           

BlackRock Advantage SMID Cap V.I. Fund — Class III Shares

           

2025

    1.45% to 1.70%       1,897       42.62 to 30.05       75       1.58%       9.27% to    8.99%  

2024

    1.45% to 1.70%       3,000       39.00 to 27.57       110       1.34%       10.08% to    9.80%  

2023

    1.45% to 1.70%       6,112       35.43 to 25.11       204       1.87%       16.92% to   16.62%  

2022

    1.45% to 1.70%       7,158       30.31 to 21.53       201       1.67%       (17.88)% to (18.09)%  

2021

    1.45% to 1.70%       7,460       36.91 to 26.29       256       1.08%       11.71% to   11.42%  

BlackRock Basic Value V.I. Fund — Class III Shares

           

2025

    1.15% to 2.10%       16,542       30.97 to 32.79       529       1.74%       22.61% to   21.44%  

2024

    1.15% to 2.10%       20,898       25.25 to 27.00       537       0.58%       8.78% to    7.73%  

2023

    1.15% to 2.95%       128,796       23.22 to 12.95       2,799       1.51%       14.91% to   12.82%  

2022

    1.15% to 2.95%       143,543       20.20 to 11.48       2,722       0.94%       (6.21)% to  (7.92)%  

2021

    1.15% to 2.95%       232,276       21.54 to 12.46       4,689       1.78%       19.94% to   17.76%  

BlackRock Global Allocation V.I. Fund — Class III Shares

           

2025

    1.35% to 2.95%       1,267,115       20.50 to 13.82       25,352       3.90%       17.90% to   15.99%  

2024

    1.35% to 2.95%       1,540,819       17.39 to 11.91       26,255       1.38%       7.45% to    5.70%  

2023

    1.35% to 2.95%       1,820,193       16.19 to 11.27       29,129       2.42%       10.98% to    9.18%  

2022

    1.35% to 2.95%       2,066,719       14.58 to 10.32       30,036       0.00%       (17.21)% to (18.55)%  

2021

    1.35% to 2.95%       2,347,826       17.62 to 12.67       41,292       0.81%       4.98% to    3.28%  

 

F-74


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares

           

2025

    1.45% to 1.60%       2,343       70.94 to 68.64       161       0.00%       9.87% to    9.70%  

2024

    1.45% to 1.60%       2,866       64.57 to 62.57       180       0.00%       29.47% to   29.28%  

2023

    1.45% to 1.60%       3,271       49.87 to 48.40       159       0.00%       50.27% to   50.04%  

2022

    1.45% to 1.60%       3,363       33.19 to 32.26       109       0.00%       (39.15)% to (39.24)%  

2021

    1.45% to 1.60%       3,248       54.54 to 53.09       173       0.00%       16.07% to   15.90%  

Columbia Funds Variable Series Trust II

           

CTIVP® — Principal Large Cap Growth Fund — Class 1

           

2025

    1.45% to 1.85%       15,854       34.03 to 32.72       535       0.00%       12.13% to   11.67%  

2024

    1.45% to 1.85%       23,878       30.35 to 29.30       719       0.00%       19.65% to   19.16%  

2023

    1.15% to 2.95%       510,622       25.96 to 14.67       12,436       0.00%       37.94% to   35.44%  

2022

    1.15% to 2.95%       417,193       18.82 to 10.83       7,408       0.00%       (28.83)% to (30.13)%  

2021

    1.15% to 2.95%       77,131       26.45 to 15.50       1,959       0.00%       17.21% to   15.08%  

Columbia Variable Portfolio — Overseas Core Fund — Class 2

           

2025

    1.45% to 1.85%       44,161       18.80 to 18.08       824       1.79%       35.86% to   35.31%  

2024

    1.45% to 1.85%       54,657       13.84 to 13.36       751       5.53%       1.73% to    1.32%  

2023

    1.15% to 2.95%       231,063       13.93 to 11.18       3,088       1.71%       14.00% to   11.93%  

2022

    1.15% to 2.95%       258,961       12.21 to  9.99       3,051       0.69%       (15.88)% to (17.41)%  

2021

    1.15% to 2.95%       230,942       14.52 to 12.10       3,254       0.61%       8.48% to    6.51%  

Deutsche DWS Variable Series II

           

DWS Small Mid Cap Value VIP — Class B Shares

           

2025

    1.45% to 2.70%       8,435       53.09 to 13.65       256       0.18%       16.14% to   14.67%  

2024

    1.45% to 1.60%       1,537       45.72 to 44.19       68       0.83%       4.25% to    4.09%  

2023

    1.45% to 1.60%       1,922       43.85 to 42.45       82       0.79%       12.93% to   12.76%  

2022

    1.45% to 1.60%       1,927       38.83 to 37.65       73       0.47%       (17.35)% to (17.48)%  

2021

    1.45% to 1.60%       1,933       46.98 to 45.62       89       0.86%       28.16% to   27.96%  

Eaton Vance Variable Trust

           

VT Floating-Rate Income Fund

           

2025

    1.15% to 2.95%       190,661       16.39 to 10.77       2,871       6.71%       2.76% to    0.89%  

2024

    1.15% to 2.95%       211,905       15.95 to 10.67       3,129       7.86%       6.43% to    4.49%  

2023

    1.15% to 2.95%       222,686       14.99 to 10.21       3,108       8.17%       9.94% to    7.94%  

2022

    1.15% to 2.95%       248,904       13.63 to  9.46       3,178       4.85%       (3.85)% to  (5.60)%  

2021

    1.15% to 2.95%       177,595       14.18 to 10.02       2,409       2.91%       2.43% to    0.57%  

Federated Hermes Insurance Series

           

Federated Hermes High Income Bond Fund II — Primary Shares

           

2025

    1.40% to 1.40%       7       29.00 to 29.00             6.37%       6.72% to    6.72%  

2024

    1.40% to 1.40%       8       27.18 to 27.18             5.79%       4.77% to    4.77%  

2023

    1.40% to 1.40%       9       25.94 to 25.94             6.08%       11.15% to   11.15%  

2022

    1.40% to 1.40%       10       23.34 to 23.34             6.35%       (13.01)% to (13.01)%  

2021

    1.40% to 1.40%       13       26.83 to 26.83             4.87%       3.38% to    3.38%  

 

F-75


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

Federated Hermes High Income Bond Fund II — Service Shares

           

2025

    1.45% to 2.10%       17,139       29.62 to 20.69       484       6.37%       6.62% to    5.91%  

2024

    1.45% to 2.10%       21,597       27.78 to 19.54       563       5.26%       4.31% to    3.62%  

2023

    1.45% to 2.10%       26,757       26.63 to 18.85       660       5.63%       10.84% to   10.11%  

2022

    1.45% to 2.10%       28,941       24.03 to 17.12       644       5.43%       (13.19)% to (13.77)%  

2021

    1.45% to 2.10%       31,165       27.68 to 19.85       800       4.73%       2.93% to    2.25%  

Federated Hermes Kaufmann Fund II — Service Shares

           

2025

    1.15% to 2.95%       93,303       29.03 to 11.78       2,640       0.00%       9.98% to    7.98%  

2024

    1.15% to 2.95%       108,329       26.40 to 10.91       2,833       0.19%       15.42% to   13.31%  

2023

    1.45% to 1.70%       16,938       48.74 to 20.91       622       0.00%       13.20% to   12.91%  

2022

    1.15% to 2.95%       140,530       20.14 to  8.64       2,862       0.00%       (31.06)% to (32.31)%  

2021

    1.15% to 2.95%       55,153       29.22 to 12.76       1,914       0.00%       1.09% to  (0.75)%  

Federated Hermes Managed Volatility Fund II — Primary Shares

           

2025

    1.40% to 1.40%       1,300       23.79 to 23.79       31       2.83%       5.54% to    5.54%  

2024

    1.40% to 1.40%       1,288       22.54 to 22.54       29       2.14%       13.93% to   13.93%  

2023

    1.40% to 1.40%       1,271       19.79 to 19.79       25       2.02%       7.17% to    7.17%  

2022

    1.40% to 1.40%       1,710       18.46 to 18.46       32       1.88%       (14.96)% to (14.96)%  

2021

    1.40% to 1.40%       2,273       21.71 to 21.71       49       1.83%       16.86% to   16.86%  

Fidelity® Variable Insurance Products Fund

           

VIP Asset Manager 50% Portfolio — Initial Class

           

2025

    1.40% to 1.40%       4,162       30.01 to 30.01       125       2.57%       13.38% to   13.38%  

2024

    1.40% to 1.40%       4,184       26.46 to 26.46       111       2.44%       6.97% to    6.97%  

2023

    1.40% to 1.40%       4,436       24.74 to 24.74       110       2.38%       11.37% to   11.37%  

2022

    1.40% to 1.40%       4,610       22.22 to 22.22       102       2.03%       (16.12)% to (16.12)%  

2021

    1.40% to 1.40%       4,786       26.49 to 26.49       127       1.64%       8.38% to    8.38%  

VIP Asset Manager 50% Portfolio — Service Class 2

           

2025

    1.45% to 1.85%       1,724       26.24 to 23.28       44       2.38%       12.99% to   12.53%  

2024

    1.45% to 1.85%       1,843       23.23 to 20.69       42       2.28%       6.66% to    6.22%  

2023

    1.45% to 1.85%       1,963       21.78 to 19.47       42       2.14%       11.02% to   10.57%  

2022

    1.45% to 1.85%       2,091       19.62 to 17.61       40       1.85%       (16.38)% to (16.72)%  

2021

    1.45% to 1.85%       2,197       23.46 to 21.15       50       1.38%       8.09% to    7.65%  

VIP Balanced Portfolio — Service Class 2

           

2025

    1.45% to 2.95%       108,075       37.51 to 16.85       3,109       1.32%       13.29% to   11.57%  

2024

    1.45% to 2.95%       179,538       33.11 to 15.10       4,619       1.64%       13.94% to   12.20%  

2023

    1.45% to 2.95%       224,555       29.06 to 13.46       5,104       1.52%       19.48% to   17.67%  

2022

    1.45% to 2.95%       257,430       24.32 to 11.44       4,943       1.03%       (19.37)% to (20.60)%  

2021

    1.45% to 2.95%       281,229       30.16 to 14.41       6,803       0.72%       16.28% to   14.51%  

 

F-76


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

VIP Contrafund® Portfolio — Initial Class

           

2025

    1.40% to 1.40%       10,500       103.20 to 103.20       1,083       0.14%       19.78% to   19.78%  

2024

    1.40% to 1.40%       10,704       86.15 to  86.15       922       0.19%       31.91% to   31.91%  

2023

    1.40% to 1.40%       10,967       65.31 to  65.31       716       0.48%       31.59% to   31.59%  

2022

    1.40% to 1.40%       11,875       49.63 to  49.63       589       0.48%       (27.34)% to (27.34)%  

2021

    1.40% to 1.40%       14,087       68.31 to  68.31       962       0.06%       26.05% to   26.05%  

VIP Contrafund® Portfolio — Service Class 2

           

2025

    1.15% to 2.95%       383,923       50.52 to  23.29       20,827       0.00%       19.80% to   17.62%  

2024

    1.15% to 2.95%       464,521       42.17 to  19.80       21,073       0.03%       31.90% to   29.49%  

2023

    1.15% to 2.95%       577,228       31.97 to  15.29       19,811       0.33%       31.59% to   29.20%  

2022

    1.15% to 2.95%       331,379       24.30 to  11.83       9,704       0.27%       (27.33)% to (28.65)%  

2021

    1.15% to 2.95%       296,730       33.43 to  16.58       13,107       0.03%       26.05% to   23.75%  

VIP Dynamic Capital Appreciation Portfolio — Service Class 2

           

2025

    1.60% to 1.65%       250       82.92 to  50.37       17       0.43%       16.59% to   16.54%  

2024

    1.60% to 1.65%       253       71.12 to  43.22       15       0.07%       23.18% to   23.12%  

2023

    1.60% to 1.65%       631       57.74 to  35.10       34       0.12%       26.67% to   26.61%  

2022

    1.60% to 1.65%       650       45.58 to  27.73       27       0.10%       (22.31)% to (22.35)%  

2021

    1.60% to 1.70%       833       58.67 to  52.17       45       0.11%       22.28% to   22.16%  

VIP Equity-Income PortfolioSM — Initial Class

           

2025

    1.40% to 1.40%       5,960       48.18 to  48.18       287       1.85%       17.36% to   17.36%  

2024

    1.40% to 1.40%       5,987       41.05 to  41.05       246       1.67%       13.72% to   13.72%  

2023

    1.40% to 1.40%       7,389       36.10 to  36.10       267       1.95%       9.11% to    9.11%  

2022

    1.40% to 1.40%       7,597       33.08 to  33.08       251       1.84%       (6.28)% to  (6.28)%  

2021

    1.40% to 1.40%       8,024       35.30 to  35.30       283       1.90%       23.15% to   23.15%  

VIP Equity-Income PortfolioSM — Service Class 2

           

2025

    1.45% to 1.85%       67,046       39.01 to  33.81       2,298       1.57%       17.03% to   16.55%  

2024

    1.45% to 1.85%       80,851       33.33 to  29.01       2,367       1.56%       13.38% to   12.92%  

2023

    1.45% to 1.85%       91,712       29.40 to  25.69       2,370       1.20%       8.78% to    8.34%  

2022

    1.15% to 2.95%       230,402       20.97 to  12.31       4,966       1.83%       (6.33)% to  (8.03)%  

2021

    1.15% to 2.95%       209,091       22.39 to  13.38       4,970       0.90%       23.17% to   20.93%  

VIP Growth & Income Portfolio — Initial Class

           

2025

    1.40% to 1.40%       4,488       57.56 to  57.56       258       1.56%       19.80% to   19.80%  

2024

    1.40% to 1.40%       5,837       48.05 to  48.05       280       1.46%       20.49% to   20.49%  

2023

    1.40% to 1.40%       6,184       39.88 to  39.88       247       1.54%       17.06% to   17.06%  

2022

    1.40% to 1.40%       7,663       34.06 to  34.06       261       1.67%       (6.28)% to  (6.28)%  

2021

    1.40% to 1.40%       8,451       36.34 to  36.34       307       2.19%       24.19% to   24.19%  

 

F-77


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

VIP Growth & Income Portfolio — Service Class 2

           

2025

    1.45% to 1.70%       15,105       50.76 to 36.96       690       1.35%       19.45% to   19.15%  

2024

    1.45% to 1.70%       16,750       42.49 to 31.02       638       1.26%       20.18% to   19.88%  

2023

    1.45% to 1.80%       18,552       35.36 to 34.33       583       1.45%       16.65% to   16.24%  

2022

    1.45% to 1.80%       21,121       30.31 to 29.53       565       1.36%       (6.55)% to  (6.88)%  

2021

    1.45% to 1.80%       25,831       32.43 to 31.71       744       2.17%       23.82% to   23.38%  

VIP Growth Opportunities Portfolio — Initial Class

           

2025

    1.40% to 1.40%       1,209       85.33 to 85.33       103       0.00%       20.25% to   20.25%  

2024

    1.40% to 1.40%       1,232       70.97 to 70.97       87       0.00%       36.93% to   36.93%  

2023

    1.40% to 1.40%       1,348       51.82 to 51.82       70       0.00%       43.62% to   43.62%  

2022

    1.40% to 1.40%       2,332       36.08 to 36.08       84       0.00%       (39.01)% to (39.01)%  

2021

    1.40% to 1.40%       2,391       59.17 to 59.17       141       0.00%       10.38% to   10.38%  

VIP Growth Opportunities Portfolio — Service Class 2

           

2025

    1.45% to 2.70%       4,972       86.47 to 26.19       342       0.00%       19.87% to   18.35%  

2024

    1.45% to 2.70%       5,307       72.13 to 22.13       301       0.00%       36.54% to   34.80%  

2023

    1.45% to 1.70%       4,958       52.83 to 51.25       259       0.00%       43.20% to   42.84%  

2022

    1.45% to 1.70%       6,149       36.89 to 35.88       224       0.00%       (39.21)% to (39.37)%  

2021

    1.45% to 1.70%       5,363       60.69 to 59.18       322       0.00%       10.05% to    9.77%  

VIP Growth Portfolio — Initial Class

           

2025

    1.40% to 1.40%       8,062       83.18 to 83.18       671       0.30%       13.29% to   13.29%  

2024

    1.40% to 1.40%       8,171       73.42 to 73.42       600       0.00%       28.55% to   28.55%  

2023

    1.40% to 1.40%       8,390       57.11 to 57.11       479       0.11%       34.34% to   34.34%  

2022

    1.40% to 1.40%       10,619       42.51 to 42.51       452       0.61%       (25.51)% to (25.51)%  

2021

    1.40% to 1.40%       11,105       57.07 to 57.07       634       0.00%       21.49% to   21.49%  

VIP Growth Portfolio — Service Class 2

           

2025

    1.45% to 1.85%       17,848       63.77 to 72.39       1,192       0.05%       12.95% to   12.49%  

2024

    1.45% to 1.85%       18,120       56.46 to 64.35       1,072       0.00%       28.18% to   27.66%  

2023

    1.45% to 1.85%       19,797       44.04 to 50.41       917       0.00%       33.93% to   33.38%  

2022

    1.45% to 1.85%       20,879       32.89 to 37.79       723       0.35%       (25.74)% to (26.04)%  

2021

    1.45% to 1.85%       22,132       44.28 to 51.10       1,031       0.00%       21.12% to   20.63%  

VIP Investment Grade Bond Portfolio — Service Class 2

           

2025

    1.15% to 2.95%       522,243       14.50 to  9.14       6,743       3.40%       5.70% to    3.78%  

2024

    1.15% to 2.95%       583,627       13.72 to  8.81       7,190       4.65%       0.32% to  (1.51)%  

2023

    1.15% to 2.95%       213,557       13.68 to  8.94       2,660       1.57%       4.78% to    2.88%  

2022

    1.15% to 2.95%       458,977       13.05 to  8.69       5,453       1.70%       (14.21)% to (15.77)%  

2021

    1.15% to 2.95%       700,775       15.21 to 10.32       9,767       1.79%       (2.04)% to  (3.82)%  

VIP Mid Cap Portfolio — Service Class 2

           

2025

    1.40% to 2.70%       55,504       81.67 to 16.55       3,082       0.18%       9.93% to    8.48%  

2024

    1.15% to 2.95%       143,933       30.19 to 15.04       5,484       0.40%       15.82% to   13.70%  

2023

    1.40% to 1.85%       72,573       64.31 to 32.94       3,353       0.38%       13.20% to   12.68%  

2022

    1.40% to 1.85%       78,620       56.81 to 29.23       3,230       0.26%       (16.15)% to (16.54)%  

2021

    1.40% to 2.25%       86,870       67.76 to 27.14       4,233       0.34%       23.56% to   22.49%  

 

F-78


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

VIP Overseas Portfolio — Initial Class

           

2025

    1.40% to 1.40%       5,062       27.29 to 27.29       138       1.59%       18.71% to   18.71%  

2024

    1.40% to 1.40%       5,295       22.99 to 22.99       122       1.62%       3.57% to    3.57%  

2023

    1.40% to 1.40%       5,544       22.20 to 22.20       123       1.06%       18.83% to   18.83%  

2022

    1.40% to 1.40%       5,555       18.68 to 18.68       104       1.08%       (25.54)% to (25.54)%  

2021

    1.40% to 1.40%       5,564       25.09 to 25.09       140       0.53%       18.03% to   18.03%  

VIP Value Strategies Portfolio — Service Class 2

           

2025

    1.45% to 1.70%       1,245       42.49 to 28.86       46       0.78%       6.14% to    5.87%  

2024

    1.45% to 1.70%       1,696       40.03 to 27.26       62       0.76%       7.57% to    7.30%  

2023

    1.45% to 1.70%       1,844       37.22 to 25.41       62       0.92%       18.86% to   18.56%  

2022

    1.45% to 1.70%       1,920       31.31 to 21.43       54       0.84%       (8.69)% to  (8.92)%  

2021

    1.45% to 1.70%       2,168       34.29 to 23.53       67       1.27%       31.41% to   31.08%  

Franklin Templeton Variable Insurance Products Trust

           

Franklin Allocation VIP Fund — Class 2 Shares

           

2025

    1.45% to 2.95%       302,582       19.29 to 12.86       5,377       1.98%       10.97% to    9.28%  

2024

    1.45% to 2.95%       360,927       17.39 to 11.77       5,805       2.06%       7.56% to    5.91%  

2023

    1.45% to 2.95%       413,463       16.16 to 11.11       6,201       1.46%       12.96% to   11.24%  

2022

    1.45% to 2.95%       454,526       14.31 to  9.99       6,060       1.68%       (17.22)% to (18.47)%  

2021

    1.45% to 2.95%       552,268       17.29 to 12.25       8,958       1.75%       10.06% to    8.39%  

Franklin Income VIP Fund — Class 2 Shares

           

2025

    1.15% to 2.95%       904,981       22.26 to 12.52       17,559       5.12%       11.26% to    9.24%  

2024

    1.15% to 2.95%       1,119,608       20.01 to 11.46       19,658       5.21%       5.96% to    4.02%  

2023

    1.15% to 2.95%       1,336,332       18.88 to 11.01       22,533       5.19%       7.38% to    5.43%  

2022

    1.15% to 2.95%       1,501,331       17.58 to 10.45       23,914       4.86%       (6.56)% to  (8.26)%  

2021

    1.15% to 2.95%       1,838,116       18.82 to 11.39       31,788       4.68%       15.41% to   13.31%  

Franklin Large Cap Growth VIP Fund — Class 2 Shares

           

2025

    1.45% to 1.60%       3,455       61.79 to 59.63       211       0.00%       5.66% to    5.50%  

2024

    1.45% to 1.60%       3,527       58.47 to 56.52       204       0.00%       24.46% to   24.27%  

2023

    1.45% to 1.60%       4,226       46.98 to 45.48       196       0.00%       38.41% to   38.20%  

2022

    1.45% to 2.70%       11,724       33.94 to 10.08       331       0.00%       (37.46)% to (38.25)%  

2021

    1.45% to 2.70%       8,909       54.27 to 16.32       426       0.00%       13.60% to   12.16%  

Franklin Mutual Shares VIP Fund — Class 2 Shares

           

2025

    1.15% to 2.95%       136,341       21.16 to 13.01       2,889       2.02%       10.24% to    8.23%  

2024

    1.15% to 2.95%       156,294       19.19 to 12.02       3,018       1.91%       9.98% to    7.97%  

2023

    1.15% to 2.95%       192,769       17.45 to 11.13       3,536       1.87%       12.16% to   10.13%  

2022

    1.15% to 2.95%       211,868       15.56 to 10.11       3,464       0.66%       (8.49)% to (10.16)%  

2021

    1.15% to 2.95%       1,129,185       17.00 to 11.25       18,792       4.78%       17.80% to   15.65%  

 

F-79


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

Templeton Foreign VIP Fund — Class 1 Shares

           

2025

    1.40% to 1.40%             20.71 to 20.71             0.00%       27.70% to   27.70%  

2024

    1.40% to 1.40%             16.21 to 16.21             0.00%       (2.19)% to   (2.19)%  

2023

    1.40% to 1.40%             16.58 to 16.58             0.00%       19.41% to   19.41%  

2022

    1.40% to 1.40%             13.88 to 13.88             0.00%       (8.68)% to  (8.68)%  

2021

    1.40% to 1.40%             15.20 to 15.20             0.00%       2.98% to    2.98%  

Templeton Foreign VIP Fund — Class 2 Shares

           

2025

    1.45% to 1.60%       7,242       27.69 to 26.72       197       2.32%       27.32% to   27.13%  

2024

    1.45% to 1.60%       7,820       21.74 to 21.02       167       2.48%       (2.44)% to  (2.59)%  

2023

    1.45% to 1.60%       9,636       22.29 to 21.58       210       3.19%       19.01% to   18.83%  

2022

    1.45% to 1.60%       10,033       18.73 to 18.16       184       3.16%       (8.94)% to  (9.08)%  

2021

    1.45% to 2.70%       17,670       20.57 to 10.26       291       1.46%       2.65% to    1.35%  

Templeton Global Bond VIP Fund — Class 1 Shares

           

2025

    1.40% to 1.40%       135       15.47 to 15.47       2       0.00%       14.46% to   14.46%  

2024

    1.40% to 1.40%       135       13.51 to 13.51       2       0.00%       (12.38)% to (12.38)%  

2023

    1.40% to 1.40%       1,985       15.42 to 15.42       31       0.00%       1.76% to    1.76%  

2022

    1.40% to 1.40%       2,213       15.16 to 15.16       34       0.00%       (6.18)% to  (6.18)%  

2021

    1.40% to 1.40%       2,612       16.16 to 16.16       42       0.00%       (5.96)% to  (5.96)%  

Templeton Growth VIP Fund — Class 2 Shares

           

2025

    1.45% to 2.70%       30,920       18.41 to 13.99       515       0.87%       22.03% to   20.49%  

2024

    1.45% to 2.70%       38,691       15.09 to 11.61       527       0.94%       3.87% to    2.54%  

2023

    1.45% to 1.70%       33,559       14.52 to 12.75       458       3.33%       19.26% to   18.96%  

2022

    1.45% to 1.70%       35,504       12.18 to 10.72       406       0.16%       (12.78)% to (13.01)%  

2021

    1.45% to 2.70%       55,869       13.96 to 11.17       722       0.88%       3.35% to    2.04%  

Goldman Sachs Variable Insurance Trust

           

Goldman Sachs Government Money Market Fund — Service Shares

           

2025

    1.40% to 2.70%       521,489       10.00 to  9.80       5,120       3.81%       2.49% to    1.14%  

2024

    1.40% to 2.30%       593,979       9.75 to  8.70       5,691       4.73%       3.43% to    2.49%  

2023

    1.40% to 2.20%       623,044       9.43 to  8.59       5,762       4.65%       3.33% to    2.49%  

2022

    1.40% to 2.70%       891,955       9.13 to  9.31       8,031       1.48%       (0.04)% to  (1.36)%  

2021

    1.40% to 2.70%       619,430       9.13 to  9.44       5,600       0.01%       (1.39)% to  (2.69)%  

Goldman Sachs Large Cap Value Fund — Institutional Shares

           

2025

    1.40% to 1.40%       5,389       34.60 to 34.60       186       1.10%       9.33% to    9.33%  

2024

    1.40% to 1.40%       5,769       31.65 to 31.65       183       1.41%       15.45% to   15.45%  

2023

    1.40% to 1.40%       6,074       27.41 to 27.41       167       1.80%       11.44% to   11.44%  

2022

    1.40% to 1.40%       6,166       24.60 to 24.60       152       1.37%       (7.68)% to  (7.68)%  

2021

    1.40% to 1.40%       6,166       26.64 to 26.64       164       0.98%       22.40% to   22.40%  

 

F-80


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

Goldman Sachs Mid Cap Value Fund — Institutional Shares

           

2025

    1.40% to 1.85%       4,230       82.50 to 35.06       241       1.20%       7.86% to    7.37%  

2024

    1.40% to 1.85%       5,281       76.48 to 32.65       292       1.02%       10.81% to   10.31%  

2023

    1.40% to 1.85%       5,412       69.02 to 29.60       272       1.02%       9.87% to    9.36%  

2022

    1.40% to 1.85%       5,931       62.82 to 27.07       271       0.62%       (11.24)% to (11.65)%  

2021

    1.40% to 1.85%       7,079       70.78 to 30.64       386       0.46%       29.12% to   28.53%  

Janus Aspen Series

           

Janus Henderson Balanced Portfolio — Institutional Shares

           

2025

    1.40% to 1.40%       10,562       63.13 to 63.13       667       2.04%       13.50% to   13.50%  

2024

    1.40% to 1.40%       10,864       55.63 to 55.63       604       2.07%       13.80% to   13.80%  

2023

    1.40% to 1.40%       11,272       48.88 to 48.88       551       2.07%       13.80% to   13.80%  

2022

    1.40% to 1.40%       13,747       42.95 to 42.95       590       1.37%       (17.57)% to (17.57)%  

2021

    1.40% to 1.40%       15,887       52.10 to 52.10       828       1.12%       15.56% to   15.56%  

Janus Henderson Balanced Portfolio — Service Shares

           

2025

    1.45% to 2.95%       197,838       45.03 to 15.00       6,499       1.68%       13.16% to   11.44%  

2024

    1.45% to 2.95%       229,498       39.79 to 13.46       6,720       1.73%       13.47% to   11.73%  

2023

    1.45% to 2.95%       271,518       35.07 to 12.05       6,989       1.75%       13.47% to   11.75%  

2022

    1.45% to 2.95%       305,325       30.91 to 10.78       6,971       1.06%       (17.82)% to (19.07)%  

2021

    1.15% to 2.95%       362,580       28.81 to 13.32       10,160       0.87%       15.56% to   13.46%  

Janus Henderson Enterprise Portfolio — Institutional Shares

           

2025

    1.40% to 1.40%       10,071       82.24 to 82.24       828       0.32%       6.17% to    6.17%  

2024

    1.40% to 1.40%       10,308       77.47 to 77.47       799       0.74%       13.98% to   13.98%  

2023

    1.40% to 1.40%       10,547       67.97 to 67.97       717       0.16%       16.43% to   16.43%  

2022

    1.40% to 1.40%       11,157       58.38 to 58.38       651       0.38%       (17.11)% to (17.11)%  

2021

    1.40% to 1.40%       11,854       70.43 to 70.43       835       0.32%       15.20% to   15.20%  

Janus Henderson Enterprise Portfolio — Service Shares

           

2025

    1.45% to 1.60%       2,101       58.52 to 78.47       128       0.18%       5.86% to    5.70%  

2024

    1.45% to 1.60%       2,033       55.28 to 74.24       117       0.63%       13.64% to   13.47%  

2023

    1.45% to 1.60%       2,005       48.65 to 65.43       102       0.09%       16.07% to   15.90%  

2022

    1.45% to 1.60%       1,986       41.91 to 56.45       87       0.27%       (17.36)% to (17.49)%  

2021

    1.45% to 1.60%       2,025       50.72 to 68.42       107       0.24%       14.85% to   14.68%  

Janus Henderson Flexible Bond Portfolio — Institutional Shares

           

2025

    1.40% to 1.40%       12       22.39 to 22.39             5.25%       5.90% to    5.90%  

2024

    1.40% to 1.40%       12       21.15 to 21.15             4.91%       0.52% to    0.52%  

2023

    1.40% to 1.40%       12       21.04 to 21.04             0.98%       4.03% to    4.03%  

2022

    1.40% to 1.40%       175       20.22 to 20.22       4       2.63%       (14.86)% to (14.86)%  

2021

    1.40% to 1.40%       184       23.75 to 23.75       4       2.70%       (2.28)% to  (2.28)%  
           

 

F-81


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

Janus Henderson Forty Portfolio — Institutional Shares

           

2025

    1.40% to 1.40%       8,945       124.26 to 124.26       1,112       0.30%       16.49% to   16.49%  

2024

    1.40% to 1.40%       9,196       106.67 to 106.67       981       0.11%       26.66% to   26.66%  

2023

    1.40% to 1.40%       9,495       84.22 to  84.22       800       0.16%       38.01% to   38.01%  

2022

    1.40% to 1.40%       12,938       61.02 to  61.02       790       0.19%       (34.48)% to (34.48)%  

2021

    1.40% to 1.40%       13,970       93.14 to  93.14       1,301       0.49%       21.18% to   21.18%  

Janus Henderson Forty Portfolio — Service Shares

           

2025

    1.45% to 1.70%       14,802       84.27 to  60.06       1,125       0.27%       16.15% to   15.86%  

2024

    1.45% to 1.70%       17,799       72.55 to  51.84       1,172       0.01%       26.27% to   25.95%  

2023

    1.15% to 2.95%       103,385       38.10 to  15.10       4,128       0.12%       38.05% to   35.55%  

2022

    1.15% to 2.95%       112,276       27.60 to  11.14       3,272       0.07%       (34.49)% to (35.68)%  

2021

    1.45% to 1.70%       27,787       63.91 to  46.02       1,555       0.55%       20.82% to   20.52%  

Janus Henderson Global Research Portfolio — Institutional Shares

           

2025

    1.40% to 1.40%       6,564       40.25 to  40.25       264       0.74%       19.23% to   19.23%  

2024

    1.40% to 1.40%       6,942       33.76 to  33.76       234       0.75%       21.84% to   21.84%  

2023

    1.40% to 1.40%       7,200       27.71 to  27.71       199       0.88%       25.01% to   25.01%  

2022

    1.40% to 1.40%       9,234       22.16 to  22.16       205       1.62%       (20.54)% to (20.54)%  

2021

    1.40% to 1.40%       9,791       27.89 to  27.89       273       0.51%       16.44% to   16.44%  

Janus Henderson Global Research Portfolio — Service Shares

           

2025

    1.45% to 1.60%       4,208       31.26 to  35.44       138       0.57%       18.85% to   18.67%  

2024

    1.45% to 1.60%       4,723       26.30 to  29.86       132       0.60%       21.47% to   21.29%  

2023

    1.45% to 1.65%       5,062       21.65 to  20.68       116       0.75%       24.64% to   24.39%  

2022

    1.45% to 1.65%       5,688       17.37 to  16.62       105       1.46%       (20.77)% to (20.93)%  

2021

    1.45% to 1.65%       7,491       21.92 to  21.03       177       0.36%       16.09% to   15.85%  

Janus Henderson Global Technology and Innovation Portfolio — Service Shares

           

2025

    1.45% to 1.80%             89.60 to 106.38             0.00%       23.03% to   22.60%  

2024

    1.45% to 1.80%             72.83 to  86.77             0.00%       29.84% to   29.37%  

2023

    1.45% to 1.80%             56.09 to  67.07             0.00%       52.05% to   51.51%  

2022

    1.45% to 1.80%             36.89 to  44.27             0.00%       (38.03)% to (38.25)%  

2021

    1.60% to 1.60%       215       74.64 to  74.64       16       0.67%       15.86% to   15.86%  

Janus Henderson Overseas Portfolio — Institutional Shares

           

2025

    1.40% to 1.40%       2,404       41.26 to  41.26       99       1.44%       27.07% to   27.07%  

2024

    1.40% to 1.40%       2,488       32.47 to  32.47       81       1.35%       4.34% to    4.34%  

2023

    1.40% to 1.40%       2,646       31.12 to  31.12       82       1.39%       9.33% to    9.33%  

2022

    1.40% to 1.40%       4,004       28.46 to  28.46       114       1.76%       (9.88)% to  (9.88)%  

2021

    1.40% to 1.40%       4,236       31.59 to  31.59       134       1.07%       12.00% to   12.00%  

 

F-82


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

Janus Henderson Overseas Portfolio — Service Shares

           

2025

    1.45% to 1.80%       2,922       31.32 to 33.76       100       1.34%       26.72% to   26.27%  

2024

    1.45% to 1.80%       2,944       24.72 to 26.74       79       1.30%       4.04% to    3.67%  

2023

    1.45% to 1.80%       3,012       23.76 to 25.79       78       1.43%       8.99% to    8.60%  

2022

    1.45% to 1.80%       3,283       21.80 to 23.75       78       1.69%       (10.16)% to (10.47)%  

2021

    1.45% to 1.80%       3,335       24.27 to 26.53       88       1.03%       11.65% to   11.25%  

Janus Henderson Research Portfolio — Institutional Shares

           

2025

    1.40% to 1.40%       9,135       68.42 to 68.42       625       0.12%       16.73% to   16.73%  

2024

    1.40% to 1.40%       10,496       58.61 to 58.61       615       0.03%       33.41% to   33.41%  

2023

    1.40% to 1.40%       10,754       43.94 to 43.94       472       0.14%       41.18% to   41.18%  

2022

    1.40% to 1.40%       11,788       31.12 to 31.12       367       0.71%       (30.87)% to (30.87)%  

2021

    1.40% to 1.40%       12,415       45.02 to 45.02       559       0.10%       18.65% to   18.65%  

Janus Henderson Research Portfolio — Service Shares

           

2025

    1.45% to 1.45%       212       52.12 to 52.12       11       0.13%       16.39% to   16.39%  

2024

    1.45% to 1.45%       238       44.78 to 44.78       11       0.00%       32.99% to   32.99%  

2023

    1.45% to 1.45%       296       33.67 to 33.67       10       0.06%       40.75% to   40.75%  

2022

    1.45% to 1.45%       289       23.92 to 23.92       7       0.59%       (31.08)% to (31.08)%  

2021

    1.45% to 1.45%       1,377       34.71 to 34.71       48       0.02%       18.31% to   18.31%  

Legg Mason Partners Variable Equity Trust

           

ClearBridge Variable Dividend Strategy Portfolio — Class I

           

2025

    1.40% to 1.40%             38.04 to 38.04             0.00%       11.04% to   11.04%  

2024

    1.40% to 1.40%             34.26 to 34.26             0.00%       15.20% to   15.20%  

2023

    1.40% to 1.40%             29.74 to 29.74             0.00%       12.60% to   12.60%  

2022

    1.40% to 1.40%             26.41 to 26.41             0.00%       (9.38)% to  (9.38)%  

2021

    1.40% to 1.40%             29.14 to 29.14             0.00%       25.03% to   25.03%  

ClearBridge Variable Dividend Strategy Portfolio — Class II

           

2025

    1.45% to 2.70%       2,078       36.70 to 16.94       47       1.95%       10.83% to    9.43%  

2024

    1.45% to 2.70%       6,166       33.11 to 15.48       171       1.14%       14.99% to   13.52%  

2023

    1.45% to 2.70%       6,724       28.80 to 13.64       162       1.96%       12.36% to   10.94%  

2022

    1.45% to 2.70%       7,216       25.63 to 12.29       156       1.11%       (9.56)% to (10.70)%  

2021

    1.45% to 2.70%       10,608       28.34 to 13.77       258       1.32%       24.78% to   23.20%  

ClearBridge Variable Growth Portfolio — Class II

           

2025

    1.45% to 1.80%       2,777       50.60 to 46.68       137       0.00%       11.46% to   11.07%  

2024

    1.45% to 1.80%       2,831       45.40 to 42.03       126       0.12%       10.78% to   10.39%  

2023

    1.45% to 1.80%       3,152       40.98 to 38.08       127       0.07%       22.34% to   21.91%  

2022

    1.45% to 1.80%       3,463       33.50 to 31.23       114       0.00%       (27.65)% to (27.91)%  

2021

    1.45% to 1.80%       5,856       46.30 to 43.32       269       0.17%       8.45% to    8.06%  

 

F-83


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

ClearBridge Variable Large Cap Value Portfolio — Class I

           

2025

    1.45% to 1.85%       10,078       21.31 to 20.37       211       1.13%       8.60% to    8.16%  

2024

    1.45% to 1.85%       11,231       19.62 to 18.84       217       1.28%       6.50% to    6.07%  

2023

    1.45% to 1.85%       10,518       18.42 to 17.76       191       1.27%       13.43% to   12.97%  

2022

    1.45% to 1.85%       12,596       16.24 to 15.72       202       1.32%       (7.78)% to  (8.16)%  

2021

    1.45% to 1.85%       13,339       17.61 to 17.11       233       1.07%       24.38% to   23.88%  

Lincoln Variable Insurance Products Trust

           

LVIP American Century Disciplined Core Value Fund — Standard Class II

           

2025

    1.45% to 1.60%       891       50.90 to 49.12       45       1.73%       13.19% to   13.02%  

2024

    1.45% to 1.60%       901       44.96 to 43.46       40       1.33%       11.44% to   11.27%  

2023

    1.45% to 1.60%       1,055       40.35 to 39.06       42       1.52%       7.08% to    6.92%  

2022

    1.45% to 2.70%       11,816       37.68 to 11.81       283       1.86%       (14.00)% to (15.09)%  

2021

    1.45% to 2.70%       7,944       43.81 to 13.90       219       0.98%       21.86% to   20.31%  

LVIP American Century Inflation Protection Fund — Service Class

           

2025

    1.15% to 2.95%       215,731       13.47 to  9.50       2,655       7.15%       5.11% to    3.19%  

2024

    1.15% to 2.95%       239,208       12.81 to  9.21       2,821       3.73%       0.36% to  (1.47)%  

2023

    1.15% to 2.95%       242,366       12.77 to  9.34       2,867       3.32%       2.21% to    0.36%  

2022

    1.15% to 2.95%       251,713       12.49 to  9.31       2,934       5.01%       (14.08)% to (15.64)%  

2021

    1.15% to 2.95%       228,671       14.53 to 11.04       3,114       3.12%       5.05% to    3.13%  

LVIP American Century International Fund — Standard Class II

           

2025

    1.45% to 2.70%       10,155       32.19 to 12.62       195       1.18%       14.30% to   12.85%  

2024

    1.45% to 2.70%       12,054       28.16 to 11.18       199       1.58%       1.11% to  (0.18)%  

2023

    1.45% to 2.70%       13,158       27.85 to 11.20       221       1.16%       10.94% to    9.54%  

2022

    1.45% to 2.70%       9,741       25.10 to 10.23       149       1.46%       (25.84)% to (26.78)%  

2021

    1.45% to 2.70%       10,394       33.85 to 13.97       209       0.23%       7.17% to    5.81%  

LVIP American Century Ultra® Fund — Standard Class II

           

2025

    1.45% to 1.60%       7,098       93.51 to 90.25       642       0.00%       11.21% to   11.04%  

2024

    1.45% to 1.60%       7,370       84.09 to 81.28       601       0.00%       26.92% to   26.73%  

2023

    1.45% to 1.60%       7,845       66.25 to 64.14       504       0.00%       41.44% to   41.22%  

2022

    1.45% to 1.60%       8,133       46.84 to 45.42       370       0.00%       (33.36)% to (33.46)%  

2021

    1.45% to 2.70%       9,890       70.29 to 19.00       633       0.00%       21.37% to   19.84%  

LVIP American Century Value Fund — Standard Class II

           

2025

    1.45% to 1.60%       3,074       54.11 to 52.22       166       1.61%       14.34% to   14.17%  

2024

    1.45% to 1.60%       3,320       47.32 to 45.74       156       2.39%       7.89% to    7.72%  

2023

    1.45% to 2.70%       14,928       43.86 to 13.40       476       2.33%       7.52% to    6.16%  

2022

    1.45% to 2.70%       14,308       40.79 to 12.62       448       2.08%       (0.91)% to  (2.17)%  

2021

    1.45% to 2.70%       10,543       41.17 to 12.90       361       1.56%       22.71% to   21.15%  

 

F-84


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

LVIP JPMorgan Core Bond Fund — Standard Class

           

2025

    1.45% to 2.70%       77,255       14.87 to  9.22       1,045       3.51%       5.85% to    4.50%  

2024

    1.45% to 2.70%       84,351       14.05 to  8.82       1,079       4.52%       0.24% to  (1.04)%  

2023

    1.45% to 2.70%       76,493       14.01 to  8.91       986       3.66%       4.38% to    3.05%  

2022

    1.45% to 2.70%       88,377       13.43 to  8.65       1,090       1.99%       (13.84)% to (14.93)%  

2021

    1.45% to 2.70%       102,978       15.58 to 10.17       1,456       2.38%       (2.79)% to  (4.02)%  

LVIP JPMorgan Mid Cap Value Fund — Standard Class

           

2025

    1.45% to 2.70%       18,706       53.22 to 14.10       708       1.12%       3.20% to    1.89%  

2024

    1.45% to 2.70%       19,927       51.58 to 13.84       717       1.17%       12.62% to   11.18%  

2023

    1.45% to 2.70%       23,309       45.80 to 12.44       748       2.95%       9.31% to    7.93%  

2022

    1.45% to 1.60%       12,945       41.90 to 41.03       533       0.96%       (9.49)% to  (9.63)%  

2021

    1.45% to 2.70%       18,647       46.29 to 12.90       700       0.99%       28.00% to   26.38%  

LVIP JPMorgan Small Cap Core Fund — Standard Class

           

2025

    1.45% to 1.60%       2,183       51.61 to 50.31       110       0.50%       8.67% to    8.51%  

2024

    1.45% to 2.70%       11,074       47.49 to 12.96       293       0.73%       10.08% to    8.68%  

2023

    1.45% to 1.60%       3,384       43.14 to 42.19       143       1.35%       11.46% to   11.30%  

2022

    1.45% to 1.80%       3,817       38.70 to 36.86       145       0.45%       (20.52)% to (20.80)%  

2021

    1.45% to 1.80%       3,743       48.69 to 46.55       179       0.53%       19.63% to   19.20%  

LVIP JPMorgan U.S. Equity Fund — Standard Class

           

2025

    1.45% to 2.70%       18,995       65.77 to 21.97       1,019       0.71%       12.88% to   11.45%  

2024

    1.45% to 2.70%       6,531       58.27 to 19.71       331       0.30%       22.18% to   20.62%  

2023

    1.45% to 2.70%       23,120       47.69 to 16.34       921       1.54%       25.32% to   23.74%  

2022

    1.45% to 2.70%       30,986       38.05 to 13.21       978       0.56%       (19.87)% to (20.89)%  

2021

    1.45% to 2.70%       39,215       47.49 to 16.70       1,466       0.71%       27.47% to   25.85%  

MFS® Variable Insurance Trust

 

MFS® Investors Trust Series — Service Class Shares

           

2025

    1.45% to 1.70%       5,500       45.00 to 54.12       260       0.59%       11.68% to   11.40%  

2024

    1.45% to 1.70%       5,999       40.29 to 48.59       254       0.46%       17.48% to   17.18%  

2023

    1.45% to 1.70%       6,450       34.29 to 41.46       232       0.45%       16.95% to   16.65%  

2022

    1.45% to 1.70%       7,329       29.32 to 35.54       224       0.38%       (17.89)% to (18.10)%  

2021

    1.45% to 1.70%       10,470       35.72 to 43.40       392       0.41%       24.67% to   24.36%  

MFS® New Discovery Series — Service Class Shares

           

2025

    1.45% to 1.85%       9,434       40.14 to 41.79       381       0.00%       10.93% to   10.48%  

2024

    1.45% to 1.85%       10,395       36.18 to 37.82       379       0.00%       4.88% to    4.46%  

2023

    1.45% to 1.85%       10,404       34.50 to 36.21       361       0.00%       12.60% to   12.15%  

2022

    1.45% to 1.85%       10,847       30.64 to 32.29       335       0.00%       (31.01)% to (31.29)%  

2021

    1.40% to 1.85%       11,216       66.59 to 46.99       508       0.00%       0.15% to  (0.31)%  

 

F-85


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

MFS® Total Return Series — Service Class Shares

           

2025

    1.45% to 2.95%       149,427       32.28 to 12.89       3,309       2.50%       9.31% to    7.64%  

2024

    1.45% to 2.95%       169,765       29.53 to 11.98       3,434       2.24%       5.89% to    4.27%  

2023

    1.45% to 2.95%       195,612       27.88 to 11.49       3,743       1.79%       8.62% to    6.98%  

2022

    1.45% to 2.95%       222,594       25.67 to 10.74       4,030       1.45%       (11.14)% to (12.49)%  

2021

    1.45% to 2.95%       280,311       28.89 to 12.27       5,699       1.57%       12.19% to   10.48%  

MFS® Utilities Series — Service Class Shares

           

2025

    1.45% to 1.70%       16,985       46.36 to 22.73       641       2.60%       13.09% to   12.81%  

2024

    1.45% to 1.70%       21,803       40.99 to 20.15       736       2.06%       9.72% to    9.44%  

2023

    1.45% to 1.70%       24,662       37.36 to 18.41       752       3.37%       (3.74)% to  (3.99)%  

2022

    1.45% to 1.70%       25,127       38.81 to 19.18       811       2.19%       (0.97)% to  (1.23)%  

2021

    1.45% to 1.80%       39,878       39.19 to 48.60       1,380       1.52%       12.17% to   11.77%  

MFS® Variable Insurance Trust II

 

MFS® Income Portfolio — Service Class Shares

           

2025

    1.45% to 1.60%       2,025       11.97 to 11.75       24       4.09%       5.54% to    5.38%  

2024

    1.45% to 1.60%       2,224       11.34 to 11.15       25       3.75%       1.41% to    1.26%  

2023

    1.45% to 1.60%       2,589       11.18 to 11.01       29       3.59%       5.81% to    5.65%  

2022

    1.45% to 1.80%       4,368       10.57 to 10.22       45       3.03%       (15.09)% to (15.40)%  

2021

    1.45% to 1.80%       4,589       12.45 to 12.08       56       2.48%       (1.35)% to  (1.70)%  

MFS® Massachusetts Investors Growth Stock Portfolio — Service Class Shares

           

2025

    1.45% to 1.85%       9,973       31.12 to 29.79       307       0.01%       8.02% to    7.58%  

2024

    1.45% to 2.70%       25,609       28.81 to 16.95       702       0.14%       14.29% to   12.83%  

2023

    1.45% to 2.70%       22,000       25.21 to 15.02       536       0.05%       21.92% to   20.38%  

2022

    1.45% to 2.70%       25,670       20.68 to 12.48       514       0.00%       (20.61)% to (21.62)%  

2021

    1.45% to 1.85%       19,735       26.05 to 25.34       509       0.03%       23.84% to   23.33%  

PIMCO Variable Insurance Trust

 

All Asset Portfolio — Advisor Class Shares

           

2025

    1.45% to 1.70%       11,800       20.68 to 17.25       228       4.52%       12.54% to   12.25%  

2024

    1.45% to 1.70%       12,778       18.38 to 15.36       218       6.32%       2.06% to    1.80%  

2023

    1.45% to 1.70%       12,986       18.01 to 15.09       218       2.84%       6.46% to    6.19%  

2022

    1.45% to 1.70%       14,054       16.91 to 14.21       222       7.52%       (13.14)% to (13.36)%  

2021

    1.45% to 1.70%       15,215       19.47 to 16.41       276       10.85%       14.36% to   14.07%  

High Yield Portfolio — Administrative Class Shares

           

2025

    1.15% to 2.95%       135,584       21.84 to 10.98       2,871       6.27%       7.70% to    5.74%  

2024

    1.15% to 2.95%       152,630       20.27 to 10.39       3,002       5.83%       5.65% to    3.72%  

2023

    1.15% to 2.95%       180,453       19.19 to 10.01       3,384       5.66%       10.93% to    8.92%  

2022

    1.15% to 2.95%       196,759       17.30 to  9.19       3,421       5.09%       (11.31)% to (12.92)%  

2021

    1.15% to 2.95%       138,003       19.51 to 10.56       2,880       4.44%       2.44% to    0.57%  

 

F-86


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares

           

2025

    1.45% to 1.60%       430       20.44 to 19.05       8       3.48%       2.45% to    2.29%  

2024

    1.45% to 1.60%       425       19.95 to 18.62       8       3.62%       3.92% to    3.77%  

2023

    1.45% to 1.60%       386       19.20 to 17.95       7       2.58%       7.44% to    7.28%  

2022

    1.45% to 1.60%       401       17.87 to 16.73       7       1.49%       (11.45)% to (11.59)%  

2021

    1.45% to 1.80%       1,317       20.18 to 18.17       24       1.62%       (3.38)% to  (3.72)%  

Long-Term U.S. Government Portfolio — Administrative Class Shares

           

2025

    1.15% to 2.95%       271,787       14.81 to  7.00       3,672       3.26%       5.07% to    3.15%  

2024

    1.15% to 2.95%       262,559       14.10 to  6.78       3,433       2.73%       (7.10)% to  (8.80)%  

2023

    1.15% to 2.95%       528,357       15.17 to  7.44       7,371       2.38%       2.79% to    0.92%  

2022

    1.15% to 2.95%       568,406       14.76 to  7.37       7,771       2.05%       (29.69)% to (30.97)%  

2021

    1.15% to 2.95%       390,869       21.00 to 10.68       7,772       1.55%       (5.88)% to  (7.59)%  

Low Duration Portfolio — Administrative Class Shares

           

2025

    1.15% to 2.95%       406,231       12.54 to  9.30       4,734       3.94%       4.31% to    2.41%  

2024

    1.15% to 2.95%       439,655       12.03 to  9.08       4,938       4.00%       3.29% to    1.40%  

2023

    1.15% to 2.95%       634,613       11.64 to  8.95       6,911       3.60%       3.77% to   4 1.88%  

2022

    1.15% to 2.95%       634,100       11.22 to  8.79       6,698       1.56%       (6.82)% to  (8.51)%  

2021

    1.15% to 2.95%       946,074       12.04 to  9.60       10,756       0.52%       (2.07)% to  (3.85)%  

Total Return Portfolio — Administrative Class Shares

           

2025

    1.15% to 2.95%       673,488       15.64 to  9.16       9,973       4.10%       7.64% to    5.68%  

2024

    1.15% to 2.95%       807,151       14.53 to  8.67       11,151       4.03%       1.35% to  (0.51)%  

2023

    1.15% to 2.95%       760,870       14.33 to  8.71       10,522       3.56%       4.72% to    2.82%  

2022

    1.15% to 2.95%       622,055       13.69 to  8.47       8,500       2.54%       (15.28)% to (16.82)%  

2021

    1.15% to 2.95%       1,002,357       16.16 to 10.19       15,939       1.82%       (2.40)% to  (4.18)%  

Rydex Variable Trust

 

NASDAQ — 100® Fund

           

2025

    1.45% to 1.60%       2,633       80.09 to 91.58       220       0.03%       17.31% to   17.14%  

2024

    1.45% to 1.60%       3,235       68.27 to 78.18       229       0.21%       22.10% to   21.91%  

2023

    1.45% to 1.60%       3,101       55.91 to 64.13       179       0.00%       51.01% to   50.78%  

2022

    1.45% to 1.60%       3,519       37.03 to 42.53       135       0.00%       (35.10)% to (35.19)%  

2021

    1.45% to 1.70%       4,095       57.05 to 78.26       241       0.00%       23.72% to   23.41%  

State Street Variable Insurance Series Funds, Inc.

           

Income V.I.S. Fund — Class 1 Shares

           

2025

    1.40% to 1.80%       26,191       15.76 to 12.14       318       3.74%       4.43% to    4.01%  

2024

    1.40% to 1.80%       26,922       15.09 to 11.67       314       3.16%       (2.21)% to  (2.61)%  

2023

    1.40% to 1.80%       27,780       15.43 to 11.99       331       2.03%       3.22% to    2.80%  

2022

    1.40% to 1.80%       29,028       14.95 to 11.66       337       2.42%       (15.58)% to (15.92)%  

2021

    1.40% to 1.80%       33,651       17.71 to 13.87       467       2.26%       (3.19)% to  (3.58)%  

 

F-87


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

Premier Growth Equity V.I.S. Fund — Class 1 Shares

           

2025

    1.40% to 1.65%       8,242       70.44 to 70.38       614       0.00%       18.32% to   18.02%  

2024

    1.40% to 1.65%       8,658       59.53 to 59.64       546       0.00%       29.21% to   28.88%  

2023

    1.40% to 1.65%       9,516       46.08 to 46.27       466       0.00%       44.24% to   43.87%  

2022

    1.40% to 1.80%       11,762       31.94 to 32.75       398       0.00%       (31.40)% to (31.68)%  

2021

    1.40% to 1.80%       12,474       46.57 to 47.94       616       0.00%       23.22% to   22.72%  

Real Estate Securities V.I.S. Fund — Class 1 Shares

           

2025

    1.40% to 1.80%       20,558       73.58 to 49.93       807       1.05%       0.53% to    0.12%  

2024

    1.40% to 1.80%       22,175       73.19 to 49.86       891       2.57%       8.91% to    8.47%  

2023

    1.15% to 2.95%       272,471       23.70 to 10.39       6,207       3.08%       12.20% to   10.16%  

2022

    1.15% to 2.95%       142,698       21.12 to  9.43       3,089       2.14%       (25.79)% to (27.14)%  

2021

    1.40% to 1.80%       29,572       81.12 to 55.95       1,375       1.18%       39.82% to   39.26%  

S&P 500® Index V.I.S. Fund — Class 1 Shares

           

2025

    1.40% to 1.80%       110,271       60.95 to 55.46       6,378       0.97%       15.87% to   15.40%  

2024

    1.40% to 1.80%       125,624       52.60 to 48.05       6,293       1.10%       22.87% to   22.37%  

2023

    1.40% to 1.80%       140,949       42.81 to 39.27       5,746       1.26%       24.20% to   23.70%  

2022

    1.40% to 1.80%       165,132       34.47 to 31.75       5,428       1.28%       (19.45)% to (19.78)%  

2021

    1.40% to 1.80%       184,197       42.80 to 39.57       7,529       1.02%       26.48% to   25.96%  

Small-Cap Equity V.I.S. Fund — Class 1 Shares

           

2025

    1.40% to 1.80%       19,156       53.49 to 39.00       802       0.00%       (1.64)% to  (2.04)%  

2024

    1.40% to 1.80%       20,382       54.38 to 39.81       869       0.11%       8.77% to    8.32%  

2023

    1.40% to 1.80%       21,344       50.00 to 36.75       830       0.00%       11.97% to   11.51%  

2022

    1.40% to 1.80%       30,000       44.65 to 32.96       1,035       0.00%       (16.58)% to (16.92)%  

2021

    1.40% to 1.80%       39,654       53.52 to 39.67       1,664       0.00%       18.85% to   18.36%  

Total Return V.I.S. Fund — Class 1 Shares

           

2025

    1.40% to 2.10%       323,579       31.22 to 20.93       8,492       2.50%       14.24% to   13.42%  

2024

    1.40% to 2.10%       340,541       27.33 to 18.46       7,843       4.66%       9.74% to    8.96%  

2023

    1.40% to 2.10%       359,363       24.91 to 16.94       7,559       2.30%       13.88% to   13.07%  

2022

    1.40% to 2.10%       382,269       21.87 to 14.98       7,087       0.91%       (17.67)% to (18.26)%  

2021

    1.40% to 2.10%       399,403       26.57 to 18.33       9,026       2.09%       11.86% to   11.07%  

Total Return V.I.S. Fund — Class 3 Shares

           

2025

    1.35% to 2.95%       1,661,184       18.05 to 12.64       28,581       2.12%       13.92% to   12.08%  

2024

    1.35% to 2.95%       1,994,639       15.85 to 11.28       30,246       4.04%       9.55% to    7.76%  

2023

    1.35% to 2.95%       2,378,033       14.47 to 10.46       33,164       1.95%       13.66% to   11.82%  

2022

    1.35% to 2.95%       2,753,761       12.73 to  9.36       34,115       0.38%       (17.84)% to (19.17)%  

2021

    1.35% to 2.95%       3,164,223       15.49 to 11.58       48,168       1.76%       11.67% to    9.86%  

 

F-88


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

    Expense as a
% of Average
Net Assets (1)
    Units     Unit Value     Net
Assets
000s
    Investment
Income
Ratio (2)
    Total Return (3)  

U.S. Equity V.I.S. Fund — Class 1 Shares

           

2025

    1.40% to 1.70%       8,617       65.12 to  42.68       483       0.21%       14.83% to   14.48%  

2024

    1.40% to 1.70%       9,018       56.71 to  37.28       439       0.41%       22.79% to   22.42%  

2023

    1.40% to 1.70%       9,288       46.19 to  30.45       370       0.42%       26.13% to   25.74%  

2022

    1.40% to 1.70%       16,576       36.62 to  24.22       520       0.37%       (20.04)% to (20.29)%  

2021

    1.40% to 1.70%       26,355       45.80 to  30.38       1,027       0.33%       23.74% to   23.36%  

The Alger Portfolios

 

Alger Large Cap Growth Portfolio — Class I-2 Shares

           

2025

    1.40% to 1.40%       3,688       72.55 to  72.55       268       0.00%       28.45% to   28.45%  

2024

    1.40% to 1.40%       4,006       56.48 to  56.48       226       0.00%       40.87% to   40.87%  

2023

    1.40% to 1.40%       6,427       40.09 to  40.09       258       0.00%       30.82% to   30.82%  

2022

    1.40% to 1.40%       6,455       30.65 to  30.65       198       0.00%       (39.51)% to (39.51)%  

2021

    1.40% to 1.40%       7,888       50.66 to  50.66       400       0.00%       10.28% to   10.28%  

Alger Small Cap Growth Portfolio — Class I-2 Shares

           

2025

    1.40% to 1.40%       1,716       33.72 to  33.72       58       0.00%       4.43% to    4.43%  

2024

    1.40% to 1.40%       2,447       32.29 to  32.29       79       0.38%       6.61% to    6.61%  

2023

    1.40% to 1.40%       2,574       30.29 to  30.29       78       0.00%       14.87% to   14.87%  

2022

    1.40% to 1.40%       2,666       26.37 to  26.37       70       0.00%       (38.88)% to (38.88)%  

2021

    1.40% to 1.40%       2,865       43.14 to  43.14       124       0.00%       (7.37)% to  (7.37)%  

The Prudential Series Fund

 

PSF PGIM Jennison Blend Portfolio — Class II Shares

           

2025

    1.45% to 2.70%       48,667       14.97 to  14.58       726       0.00%       16.34% to   14.86%  

2024

    1.45% to 1.70%       21,418       12.86 to  12.83       275       0.00%       23.97% to   23.66%  

2023 (6)

    1.45% to 1.70%       20,133       10.38 to  10.38       209       0.00%       3.77% to    3.76%  

PSF PGIM Jennison Growth Portfolio — Class II Shares

           

2025

    1.45% to 1.60%       2,700       105.73 to 102.14       277       0.00%       12.16% to   11.99%  

2024

    1.45% to 1.60%       2,731       94.27 to  91.21       250       0.00%       28.45% to   28.26%  

2023

    1.45% to 1.60%       7,070       73.39 to  71.11       503       0.00%       50.69% to   50.46%  

2022

    1.45% to 1.60%       7,116       48.70 to  47.26       337       0.00%       (38.75)% to (38.84)%  

2021

    1.45% to 1.60%       7,161       79.51 to  77.28       554       0.00%       13.88% to   13.71%  

 

 
(1)

Expenses as a percentage of average net assets represent the annualized asset-based contract expenses of the Separate Account, consisting of mortality and expense risk charges, administrative expenses, and other rider charges for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to the contract owner through the redemption of units and expenses of the underlying Portfolios are excluded.

(2)

The investment income ratio represents the ordinary dividends received by the subaccount from the Portfolio divided by average net assets.

(3)

The total return represents a range of maximum and minimum annual total returns for the year or lesser period indicated and includes deductions for expenses assessed through the daily unit value calculation. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Standardized total returns shown separately in a prospectus or marketing material

 

F-89


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2025

 

  for a product supported by the Separate Account include the maximum contract charges that may be assessed to any contract through both the daily unit value calculation and the redemption of units. Accordingly, these standardized total returns will generally reflect a lower return than the total return.
(4)

The ratios of expenses and net investment income to average net assets are annualized for the period from April 30, 2021, to December 31, 2021.

(5)

The ratios of expenses and net investment income to average net assets are annualized for the period from April 29, 2022, to December 31, 2022.

(6)

The ratios of expenses and net investment income to average net assets are annualized for the period from December 8, 2023, to December 31, 2023.

(7)

The ratios of expenses and net investment income to average net assets are annualized for the period from April 26, 2024, to December 31, 2024.

 

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