FINANCIAL STATEMENTS
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Years Ended December 31, 2025 and 2024
 
 
 
 
 
 
 
 
 
 
1
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Financial Statements
Years Ended December 31, 2025 and 2024
 
 
 
 
 

 

Report of Independent Registered Public Accounting Firm3
Statement of Assets and Liabilities4
Statements of Operations and Changes in Net Assets12
Notes to Financial Statements49
 
 
2
 
 
Report of Independent Registered Public Accounting Firm
To the Board of Directors of Transamerica Financial Life Insurance Company and
Contract Owners of Separate Account VA BNY
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of each of the subaccounts listed in the table below that comprise Separate Account VA BNY (the Separate Account), as of December 31, 2025, the related statements of operations and changes in net assets for each of the periods indicated in the table below, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each subaccount as of December 31, 2025, the results of its operations and changes in its net assets for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.
Subaccounts
 
AB Balanced Hedged Allocation Class B Shares (1)
TA BlackRock iShares Edge 100 Service Class (1)
AB Large Cap Growth Class B Shares (1)
TA BlackRock iShares Edge 40 Initial Class (1)
AB Relative Value Class B Shares (1)
TA BlackRock iShares Edge 40 Service Class (1)
American Funds - Asset Allocation Class 2 Shares (1)
TA BlackRock iShares Edge 50 Service Class (1)
American Funds - Asset Allocation Class 4 Shares (1)
TA BlackRock iShares Edge 75 Service Class (1)
American Funds - Growth Class 2 Shares (1)
TA BlackRock iShares Tactical - Balanced Service Class (1)
American Funds - Growth Class 4 Shares (1)
TA BlackRock iShares Tactical - Conservative Service Class (1)
American Funds - Growth-Income Class 2 Shares (1)
TA BlackRock iShares Tactical - Growth Service Class (1)
American Funds - Growth-Income Class 4 Shares (1)
TA BlackRock Real Estate Securities Initial Class (1)
American Funds - International Class 2 Shares (1)
TA BlackRock Real Estate Securities Service Class (1)
American Funds - International Class 4 Shares (1)
TA BlackRock Tactical Allocation Service Class (1)
American Funds - New World Class 4 Shares (1)
TA Goldman Sachs 70/30 Service Class (1)
American Funds - The Bond Fund of America Class 2 Shares (1)
TA Goldman Sachs Managed Risk - Balanced ETF Service Class (1)
American Funds - The Bond Fund of America Class 4 Shares (1)
TA Goldman Sachs Managed Risk - Conservative ETF Service Class (1)
Columbia - Acorn International (1)
TA Goldman Sachs Managed Risk - Growth ETF Service Class (1)
Columbia – Acorn (1)
TA Great Lakes Advisors Large Cap Value Service Class (1)
Dimensional VA Equity Allocation (1)
TA International Focus Initial Class (1)
Dimensional VA Global Bond (1)
TA International Focus Service Class (1)
Dimensional VA Global Moderate Allocation (1)
TA Janus Balanced Service Class (1)
Dimensional VA International Small (1)
TA Janus Mid-Cap Growth Initial Class (1)
Dimensional VA International Value (1)
TA Janus Mid-Cap Growth Service Class (1)
Dimensional VA Short-Term Fixed (1)
TA JPMorgan Asset Allocation - Conservative Initial Class (1)
Dimensional VA U.S. Large Value (1)
TA JPMorgan Asset Allocation - Conservative Service Class (1)
Dimensional VA U.S. Targeted Value (1)
TA JPMorgan Asset Allocation - Moderate Growth Initial Class (1)
Fidelity® VIP Balanced Service Class 2 (1)
TA JPMorgan Asset Allocation - Moderate Growth Service Class (1)
Fidelity® VIP Consumer Staples Initial Class (1)
TA JPMorgan Asset Allocation - Moderate Initial Class (1)
Fidelity® VIP Contrafund® Initial Class (1)
TA JPMorgan Asset Allocation - Moderate Service Class (1)
Fidelity® VIP Contrafund® Service Class 2 (1)
TA JPMorgan Diversified Equity Allocation Initial Class (1)
Fidelity® VIP Energy Service Class 2 (1)
TA JPMorgan Diversified Equity Allocation Service Class (1)
Fidelity® VIP Equity-Income Service Class 2 (1)
TA JPMorgan Enhanced Index Initial Class (1)
Fidelity® VIP Growth Opportunities Service Class 2 (1)
TA JPMorgan Enhanced Index Service Class (1)
Fidelity® VIP Growth Service Class 2 (1)
TA JPMorgan International Moderate Growth Service Class (1)
Fidelity® VIP Health Care Service Class 2 (1)
TA JPMorgan Tactical Allocation Service Class (1)
Fidelity® VIP Mid Cap Initial Class (1)
TA Madison Diversified Income Service Class (1)
Fidelity® VIP Mid Cap Service Class 2 (1)
TA Market Participation Strategy Service Class (1)
Fidelity® VIP Technology Initial Class (1)
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class (1)
Fidelity® VIP Utilities Initial Class (1)
TA Morgan Stanley Global Allocation Service Class (1)
Fidelity® VIP Value Strategies Initial Class (1)
TA MSCI EAFE Index Service Class (1)
Fidelity® VIP Value Strategies Service Class 2 (1)
TA Multi-Managed Balanced Initial Class (1)
Franklin Allocation Class 4 Shares (1)
TA Multi-Managed Balanced Service Class (1)
Franklin Income Class 2 Shares (1)
TA PineBridge Inflation Opportunities Service Class (1)
Franklin Mutual Shares Class 2 Shares (1)
TA ProFunds UltraBear Service Class (OAM) (1)
Franklin Templeton Foreign Class 2 Shares (1)
TA S&P 500 Index Initial Class (1)
Invesco V.I. American Franchise Series II Shares (1)
TA S&P 500 Index Service Class (1)
Janus Henderson - Enterprise Service Shares (1)
TA Small/Mid Cap Value Initial Class (1)
Janus Henderson - Global Research Service Shares (1)
TA Small/Mid Cap Value Service Class (1)
Janus Henderson - Mid Cap Value Service Shares (1)
TA T. Rowe Price Small Cap Initial Class (1)
LVIP JPMorgan Core Bond Standard Shares (1)
TA T. Rowe Price Small Cap Service Class (1)
LVIP JPMorgan Mid Cap Value Standard Shares (1)
TA TSW International Equity Initial Class (1)
LVIP JPMorgan Small Cap Core Standard Shares (1)
TA TSW International Equity Service Class (1)
LVIP JPMorgan U.S. Equity Standard Shares (1)
TA TSW Mid Cap Value Opportunities Service Class (1)
MFS® New Discovery Service Class (1)
TA WMC US Growth Initial Class (1)
MFS® Total Return Service Class (1)
TA WMC US Growth Service Class (1)
Putnam VT International Value Class IB Shares (2)
Vanguard® Balanced (1)
State Street Total Return V.I.S. Class 3 Shares (1)
Vanguard® Capital Growth (1)
TA 60/40 Allocation Service Class (1)
Vanguard® Conservative Allocation (1)
TA Aegon Bond Initial Class (1)
Vanguard® Diversified Value (1)
TA Aegon Bond Service Class (1)
Vanguard® Equity Income (1)
TA Aegon Core Bond Service Class (1)
Vanguard® Equity Index (1)
TA Aegon High Yield Bond Initial Class (1)
Vanguard® Global Bond Index (1)
TA Aegon High Yield Bond Service Class (1)
Vanguard® Growth (1)
TA Aegon Sustainable Equity Income Initial Class (1)
Vanguard® High Yield Bond (1)
TA Aegon Sustainable Equity Income Service Class (1)
Vanguard® International (1)
TA Aegon U.S. Government Securities Initial Class (1)
Vanguard® Mid-Cap Index (1)
TA Aegon U.S. Government Securities Service Class (1)
Vanguard® Moderate Allocation (1)
TA American Funds Managed Risk - Balanced Service Class (1)
Vanguard® Money Market (1)
TA BlackRock Government Money Market Initial Class (1)
Vanguard® Real Estate Index (1)
TA BlackRock Government Money Market Service Class (1)
Vanguard® Short-Term Investment Grade (1)
TA BlackRock iShares Active Asset Allocation - Conservative Service Class (1)
Vanguard® Total Bond Market Index (1)
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class (1)
Vanguard® Total International Stock Market Index (1)
TA BlackRock iShares Active Asset Allocation - Moderate Service Class (1)
Vanguard® Total Stock Market Index (1)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class (1)
Voya Global Perspectives Class S Shares (1)
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class (1)
 
(1)    Statements of operations and changes in net assets for the years ended December 31, 2025 and 2024
(2)    Statements of operations and change in net assets for the period October 20, 2025 (commencement of operations) through December 31, 2025
 
Basis for Opinion
These financial statements are the responsibility of the Separate Account’s management. Our responsibility is to express an opinion on each of the subaccounts’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the fund companies or their transfer agents, as applicable. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
/s/ Ernst & Young LLP
We have served as the auditor of the Separate Account since 2024.
 
Chicago, IL
April 24, 2026
 
3
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Assets and Liabilities
December 31, 2025
                             
Subaccount Number of Shares Cost Assets at Market Value Due (to)/from General Account Net Assets Units Outstanding Range of Unit Values
AB Balanced Hedged Allocation Class B Shares 321,323.571 $ 3,050,092 $ 3,158,611 $ 2 $ 3,158,613 588,193 $ 2.576564 $ 21.303571
AB Large Cap Growth Class B Shares 3,031.116   189,642   246,975   (9)   246,966 33,271   5.388353   37.573255
AB Relative Value Class B Shares 886,873.418   26,368,354   27,360,045   81   27,360,126 1,760,862   3.189243   33.398282
American Funds - Asset Allocation Class 2 Shares 2,026,273.422   47,941,450   54,810,696   (89)   54,810,607 4,580,196   3.139160   28.327959
American Funds - Asset Allocation Class 4 Shares 324,548.778   7,768,578   8,688,171   2   8,688,173 518,794   16.003760   17.722624
American Funds - Growth Class 2 Shares 643,332.182   65,363,097   89,294,507   (37)   89,294,470 2,049,500   7.405455   66.701992
American Funds - Growth Class 4 Shares 353,318.274   37,332,571   47,482,443   9   47,482,452 1,835,665   24.843286   27.510790
American Funds - Growth-Income Class 2 Shares 502,841.712   28,021,897   33,328,349   92   33,328,441 1,138,495   5.003707   45.920483
American Funds - Growth-Income Class 4 Shares 278,368.703   16,704,125   18,029,941   (6)   18,029,935 819,194   21.106891   23.373490
American Funds - International Class 2 Shares 887,958.583   16,564,308   19,730,440   (117)   19,730,323 2,796,229   1.660740   19.182486
American Funds - International Class 4 Shares 229,265.548   4,248,807   5,004,867   1   5,004,868 330,057   14.529353   16.090341
American Funds - New World Class 4 Shares 63,172.321   1,739,709   2,003,194   1   2,003,195 117,311   16.344162   18.099760
American Funds - The Bond Fund of America Class 2 Shares 1,708,039.375   17,142,731   16,004,329   (78)   16,004,251 3,594,244   1.079854   11.902895
American Funds - The Bond Fund of America Class 4 Shares 800,288.574   7,487,686   7,450,687   (3)   7,450,684 781,124   9.132508   10.113976
Columbia - Acorn -   -   -   -   - -   26.572366   27.820354
Columbia - Acorn International -   -   -   -   - -   14.604211   15.290155
Dimensional VA Equity Allocation -   -   -   -   - -   19.497199   19.733657
Dimensional VA Global Bond 24,995.394   253,366   243,705   (1)   243,704 24,920   9.368577   10.699317
Dimensional VA Global Moderate Allocation -   -   -   -   - -   16.258026   16.455238
Dimensional VA International Small -   -   -   -   - -   16.522644   16.723056
Dimensional VA International Value -   -   -   -   - -   19.993539   20.235978
Dimensional VA Short-Term Fixed -   -   -   -   - -   11.146155   11.281478
Dimensional VA U.S. Large Value -   -   -   -   - -   16.925122   17.130431
Dimensional VA U.S. Targeted Value -   -   -   -   - -   19.113624   19.345420
Fidelity® VIP Balanced Service Class 2 1,612,113.220   34,490,320   41,028,281   111   41,028,392 3,434,971   3.168806   32.854436
Fidelity® VIP Consumer Staples Initial Class 75,601.643   1,425,039   1,317,737   -   1,317,737 98,260   12.855204   14.236072
Fidelity® VIP Contrafund® Initial Class -   -   -   -   - -   51.874526   54.225621
Fidelity® VIP Contrafund® Service Class 2 1,546,502.982   76,932,871   87,934,160   159   87,934,319 3,142,210   5.195624   53.213164
Fidelity® VIP Energy Service Class 2 154,388.157   4,022,790   4,183,919   -   4,183,919 142,507   28.142014   31.163081
Fidelity® VIP Equity-Income Service Class 2 11,179.546   259,312   314,481   (16)   314,465 78,773   3.175697   21.952402
Fidelity® VIP Growth Service Class 2 13,372.362   1,095,359   1,242,025   64   1,242,089 164,498   5.893444   42.750063
Fidelity® VIP Growth Opportunities Service Class 2 68.079   2,680   6,563   48   6,611 894   7.123188   9.806665
Fidelity® VIP Health Care Service Class 2 115,482.621   3,999,391   4,366,398   3   4,366,401 326,898   12.825813   14.203878
Fidelity® VIP Mid Cap Initial Class -   -   -   -   - -   31.588763   33.020826
Fidelity® VIP Mid Cap Service Class 2 800,256.049   28,633,132   28,145,005   12   28,145,017 1,426,841   3.406057   32.396161
Fidelity® VIP Technology Initial Class 777,232.557   29,678,213   36,949,636   4   36,949,640 1,167,718   30.386014   33.648162
Fidelity® VIP Utilities Initial Class 53,073.647   1,284,827   1,380,446   1   1,380,447 72,579   18.216237   20.172850
Fidelity® VIP Value Strategies Initial Class 647.170   9,095   10,309   1   10,310 326   30.280545   31.653324
Fidelity® VIP Value Strategies Service Class 2 836,213.878   13,163,812   13,521,578   (28)   13,521,550 798,335   3.431309   31.052664
Franklin Allocation Class 4 Shares 154,557.930   779,155   893,345   (19)   893,326 307,692   2.692280   15.551191
Franklin Income Class 2 Shares 65,480.479   948,831   992,684   (3)   992,681 465,327   1.897246   15.849825
Franklin Mutual Shares Class 2 Shares 12,526.202   201,122   201,672   16   201,688 95,669   1.825997   15.795100
Franklin Templeton Foreign Class 2 Shares 36,342.335 $ 497,724 $ 589,473 $ (7) $ 589,466 421,077 $ 1.257921 $ 14.582863
 See accompanying notes
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Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Assets and Liabilities
December 31, 2025
                             
Subaccount Number of Shares Cost Assets at Market Value Due (to)/from General Account Net Assets Units Outstanding Range of Unit Values
Invesco V.I. American Franchise Series II Shares 1,698.837   90,362   122,231   8   122,239 25,594   4.288743   33.676098
Janus Henderson - Enterprise Service Shares 2,080.829   138,666   152,629   9   152,638 21,340   3.034907   25.516739
Janus Henderson - Global Research Service Shares 3,247.262   152,424   248,156   (37)   248,119 69,395   2.429680   28.605655
Janus Henderson - Mid Cap Value Service Shares 162.819   2,514   2,732   (1)   2,731 699   3.763629   4.067354
LVIP JPMorgan Core Bond Standard Shares 34,888.512   345,212   347,350   (2)   347,348 257,968   1.225730   9.705678
LVIP JPMorgan Mid Cap Value Standard Shares 4,503.385   42,304   40,585   -   40,585 7,400   5.011170   15.950086
LVIP JPMorgan Small Cap Core Standard Shares -   -   -   -   - -   4.879512   15.484938
LVIP JPMorgan U.S. Equity Standard Shares 1,123.783   43,858   55,479   -   55,479 6,262   8.095153   28.379376
MFS® New Discovery Service Class 68,971.460   949,190   834,555   (20)   834,535 169,711   4.147477   21.954799
MFS® Total Return Service Class 24,235.228   552,030   548,686   (18)   548,668 201,023   2.234097   16.660402
Putnam VT International Value Class IB Shares -   -   -   -   - -   10.457125   10.495769
State Street Total Return V.I.S. Class 3 Shares 179,490.334   2,680,897   3,044,156   7   3,044,163 543,472   1.968925   20.565922
TA 60/40 Allocation Service Class 882,228.196   11,135,803   13,048,155   5   13,048,160 758,414   16.342144   18.761463
TA Aegon Bond Initial Class 22,182.317   241,171   210,732   6   210,738 124,188   1.304626   1.757489
TA Aegon Bond Service Class 3,855,314.379   41,685,179   36,239,955   (83)   36,239,872 10,279,935   1.092667   11.629030
TA Aegon Core Bond Service Class 2,043,532.588   26,325,996   24,481,520   (46)   24,481,474 4,494,280   1.030815   11.859371
TA Aegon High Yield Bond Initial Class 11,218.912   81,499   79,093   3   79,096 24,559   1.959981   16.905282
TA Aegon High Yield Bond Service Class 894,802.608   6,459,959   6,469,423   (2)   6,469,421 882,182   2.029870   16.479945
TA Aegon Sustainable Equity Income Initial Class 106,964.552   1,970,716   2,423,817   36   2,423,853 631,714   2.133511   24.396018
TA Aegon Sustainable Equity Income Service Class 507,517.908   9,630,753   11,530,807   18   11,530,825 1,264,032   2.117657   23.746206
TA Aegon U.S. Government Securities Initial Class 16,165.592   168,004   145,005   (5)   145,000 74,283   1.054339   1.952006
TA Aegon U.S. Government Securities Service Class 1,583,114.465   15,435,602   14,833,783   (21)   14,833,762 3,877,798   1.029256   10.658421
TA American Funds Managed Risk - Balanced Service Class 5,111,447.217   57,245,259   63,024,144   (104)   63,024,040 3,792,584   14.873351   18.655299
TA BlackRock Government Money Market Initial Class 154,280.410   154,280   154,280   (18)   154,262 108,724   0.799281   1.418847
TA BlackRock Government Money Market Service Class 41,792,823.591   41,792,822   41,792,824   (790)   41,792,034 7,671,450   0.779954   11.469309
TA BlackRock iShares Active Asset Allocation - Conservative Service Class 1,105,190.127   10,828,764   10,919,278   (9)   10,919,269 2,655,812   1.178681   15.113141
TA BlackRock iShares Active Asset Allocation - Moderate Service Class 5,499,977.875   56,586,786   62,094,750   141   62,094,891 10,445,910   1.290961   15.900755
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class 2,188,553.164   23,194,665   27,116,174   86   27,116,260 5,107,959   1.277067   16.412737
TA BlackRock iShares Dynamic Allocation - Balanced Service Class 3,709,457.287   43,057,995   44,476,393   119   44,476,512 6,270,113   1.230058   16.082334
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class 1,959,279.834   24,106,996   27,371,139   (225)   27,370,914 3,336,529   1.508157   18.543579
TA BlackRock iShares Edge 100 Service Class 339,900.698   4,741,108   5,618,559   7   5,618,566 240,907   19.788217   25.748664
TA BlackRock iShares Edge 40 Initial Class 7,761.032   68,151   71,557   2   71,559 31,253   1.797288   2.386446
TA BlackRock iShares Edge 40 Service Class 1,527,639.912   14,019,523   13,977,905   (39)   13,977,866 2,452,749   1.362547   16.355479
TA BlackRock iShares Edge 50 Service Class 2,467,375.150   31,967,231   34,543,252   3   34,543,255 2,224,662   13.727926   17.225428
TA BlackRock iShares Edge 75 Service Class 1,073,724.994   15,431,043   16,997,067   32   16,997,099 895,852   16.589508   21.038895
TA BlackRock iShares Tactical - Balanced Service Class 1,735,152.990   18,792,966   19,017,277   (36)   19,017,241 3,543,962   1.291871   17.797231
TA BlackRock iShares Tactical - Conservative Service Class 993,103.508 $ 10,980,131 $ 10,338,208 $ (52) $ 10,338,156 1,672,716 $ 1.223701 $ 16.292568
 See accompanying notes
5
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Assets and Liabilities
December 31, 2025
                             
Subaccount Number of Shares Cost Assets at Market Value Due (to)/from General Account Net Assets Units Outstanding Range of Unit Values
TA BlackRock iShares Tactical - Growth Service Class 2,044,673.809   21,705,612   23,718,216   (51)   23,718,165 2,421,986   1.541838   20.992426
TA BlackRock Real Estate Securities Initial Class 847.251   8,600   8,786   (4)   8,782 2,715   1.783076   14.170976
TA BlackRock Real Estate Securities Service Class 339,359.772   3,640,217   3,797,436   (20)   3,797,416 585,410   1.356162   13.830821
TA BlackRock Tactical Allocation Service Class 3,395,478.933   50,162,690   55,346,307   175   55,346,482 9,199,021   1.694666   20.893664
TA Goldman Sachs 70/30 Service Class 142,176.813   1,852,228   2,118,435   (1)   2,118,434 124,489   16.308480   18.060055
TA Goldman Sachs Managed Risk - Balanced ETF Service Class 19,752,621.269   235,419,863   245,130,030   163   245,130,193 39,363,073   1.362323   18.223874
TA Goldman Sachs Managed Risk - Conservative ETF Service Class 3,003,812.244   35,891,632   35,775,404   (181)   35,775,223 8,517,461   1.273260   16.094062
TA Goldman Sachs Managed Risk - Growth ETF Service Class 16,128,762.757   167,367,902   189,674,250   (63)   189,674,187 32,368,368   1.862715   22.412325
TA Great Lakes Advisors Large Cap Value Service Class 434,649.483   5,292,914   7,028,282   1   7,028,283 372,250   17.777006   20.408781
TA International Focus Initial Class 7,257.670   59,523   55,449   (6)   55,443 21,218   1.906624   17.096546
TA International Focus Service Class 877,673.180   7,223,311   6,512,335   (53)   6,512,282 772,407   1.533856   16.667682
TA Janus Balanced Service Class 4,530,348.321   74,432,699   77,650,170   (106)   77,650,064 6,621,499   2.341414   28.131621
TA Janus Mid-Cap Growth Initial Class 1,135.982   37,004   35,863   4   35,867 5,240   3.310161   32.138619
TA Janus Mid-Cap Growth Service Class 579,029.127   17,855,278   16,235,977   18   16,235,995 879,690   3.561603   31.307502
TA JPMorgan Asset Allocation - Conservative Initial Class 2,799.901   28,704   26,571   -   26,571 11,768   1.850543   2.426009
TA JPMorgan Asset Allocation - Conservative Service Class 3,276,832.510   31,746,393   30,638,384   (187)   30,638,197 7,693,950   1.488091   16.050136
TA JPMorgan Asset Allocation - Moderate Initial Class 40,497.757   447,574   477,874   1   477,875 175,826   2.258169   3.000465
TA JPMorgan Asset Allocation - Moderate Service Class 19,120,644.253   211,821,631   221,034,648   283   221,034,931 34,122,412   1.833099   18.766578
TA JPMorgan Asset Allocation - Moderate Growth Initial Class 1,319.461   12,917   16,071   (4)   16,067 4,933   2.746643   3.705279
TA JPMorgan Asset Allocation - Moderate Growth Service Class 10,326,252.852   113,498,656   122,882,409   (41)   122,882,368 19,187,364   1.852275   22.838353
TA JPMorgan Diversified Equity Allocation Initial Class 23,999.212   283,071   321,109   3   321,112 74,298   3.694766   5.090370
TA JPMorgan Diversified Equity Allocation Service Class 1,326,541.166   14,626,288   17,417,486   5   17,417,491 1,255,789   2.737911   31.718567
TA JPMorgan Enhanced Index Initial Class 32,671.537   712,547   954,989   2   954,991 112,690   5.031580   50.067165
TA JPMorgan Enhanced Index Service Class 761,343.217   20,492,897   22,056,113   26   22,056,139 671,877   5.001443   48.788885
TA JPMorgan International Moderate Growth Service Class 2,379,321.184   22,518,049   24,507,008   180   24,507,188 5,839,210   1.364708   17.139437
TA JPMorgan Tactical Allocation Service Class 3,749,255.477   56,667,971   53,126,950   (18)   53,126,932 7,984,373   1.361391   15.636929
TA Madison Diversified Income Service Class 437,555.523   5,430,065   5,058,142   5   5,058,147 378,092   1.534456   16.476858
TA Market Participation Strategy Service Class 1,660,500.366   18,311,406   19,693,534   24   19,693,558 2,372,321   2.012527   24.301119
TA Morgan Stanley Global Allocation Service Class 2,992,253.588   41,469,980   42,938,839   260   42,939,099 8,031,388   1.915643   20.364133
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class 1,450,380.600   11,304,937   10,065,641   25   10,065,666 812,482   11.465518   13.936988
TA MSCI EAFE Index Service Class 835,007.576   10,663,710   13,560,523   -   13,560,523 811,124   14.982515   18.237624
TA Multi-Managed Balanced Initial Class 3,572.226   51,234   57,513   (18)   57,495 12,065   3.909004   4.935576
TA Multi-Managed Balanced Service Class 5,265,244.414   79,481,547   81,558,636   (10)   81,558,626 5,390,261   3.137424   28.877748
TA PineBridge Inflation Opportunities Service Class 845,985.482   8,765,807   8,392,176   53   8,392,229 2,524,892   1.020156   11.705653
TA ProFunds UltraBear Service Class (OAM) 74,147.639   394,033   296,591   (1)   296,590 44,725   6.584681   6.669247
TA S&P 500 Index Initial Class -   -   -   -   - -   17.098987   17.224996
TA S&P 500 Index Service Class 6,733,608.337   140,950,021   189,551,075   71   189,551,146 6,693,010   25.427121   30.949459
TA Small/Mid Cap Value Initial Class 142,170.834   2,701,471   2,746,741   13   2,746,754 122,537   3.530832   30.357712
TA Small/Mid Cap Value Service Class 895,149.063   16,288,106   16,417,034   67   16,417,101 1,084,759   3.429795   29.564740
TA T. Rowe Price Small Cap Initial Class 11,447.741 $ 139,973 $ 133,023 $ (6) $ 133,017 25,736 $ 4.121957 $ 36.250439
 See accompanying notes
6
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Assets and Liabilities
December 31, 2025
                             
Subaccount Number of Shares Cost Assets at Market Value Due (to)/from General Account Net Assets Units Outstanding Range of Unit Values
TA T. Rowe Price Small Cap Service Class 3,835,640.803   38,917,101   36,783,795   (81)   36,783,714 1,662,602   4.670909   35.327965
TA TSW International Equity Initial Class 35,403.624   455,815   630,893   19   630,912 167,410   2.475987   21.350832
TA TSW International Equity Service Class 631,704.607   9,557,347   11,118,001   (4)   11,117,997 846,824   1.604984   20.784459
TA TSW Mid Cap Value Opportunities Service Class 1,239,593.403   16,036,214   12,495,102   (28)   12,495,074 741,031   3.426229   28.283777
TA WMC US Growth Initial Class 207,727.896   7,205,706   8,695,490   76   8,695,566 1,579,573   5.219328   62.065672
TA WMC US Growth Service Class 2,385,112.875   77,707,257   92,613,933   46   92,613,979 2,487,482   5.089703   60.458606
Vanguard® Balanced 200,632.203   4,769,695   5,098,064   1   5,098,065 326,720   14.895691   17.010898
Vanguard® Capital Growth -   -   -   -   - -   21.953468   22.219752
Vanguard® Conservative Allocation 120,056.561   3,063,041   3,176,697   (3)   3,176,694 257,194   11.858895   13.543243
Vanguard® Diversified Value -   -   -   -   - -   20.291878   20.537957
Vanguard® Equity Income -   -   -   -   - -   18.183767   18.404335
Vanguard® Equity Index 0.032   1   3   (3)   - -   46.600783   50.368705
Vanguard® Global Bond Index -   -   -   -   - -   10.161495   10.284791
Vanguard® Growth -   -   -   -   - -   23.875597   24.165176
Vanguard® High Yield Bond -   -   -   -   - -   12.527486   12.679470
Vanguard® International 26,320.345   832,094   752,499   (1)   752,498 28,456   25.807766   27.895141
Vanguard® Mid-Cap Index 347,958.685   8,706,324   9,728,925   (2)   9,728,923 309,750   29.825614   34.899932
Vanguard® Moderate Allocation 102,268.611   3,010,438   3,403,499   2   3,403,501 242,505   13.469850   15.382688
Vanguard® Money Market -   -   -   -   - -   11.426152   11.564880
Vanguard® Real Estate Index 13,643.746   159,510   157,858   -   157,858 8,895   17.026742   18.404179
Vanguard® Short-Term Investment Grade 159,379.481   1,613,255   1,700,579   2   1,700,581 137,629   11.856910   12.815922
Vanguard® Total Bond Market Index 12,796.663   134,222   138,204   -   138,204 12,264   10.812193   11.686815
Vanguard® Total International Stock Market Index -   -   -   -   - -   15.892862   16.085656
Vanguard® Total Stock Market Index -   -   -   -   - -   21.630698   21.893048
Voya Global Perspectives Class S Shares -   -   -   -   - -   13.377748   14.841159
 See accompanying notes
 
7
 
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Assets and Liabilities
December 31, 2025
                 
Subaccount Net Assets Representing: Accumulation Units   Net Assets Representing: Contracts in Payout (Annuitization) Period   Total Net Assets
AB Balanced Hedged Allocation Class B Shares $ 3,158,613   $ -   $ 3,158,613
AB Large Cap Growth Class B Shares   246,966     -     246,966
AB Relative Value Class B Shares   27,266,065     94,061     27,360,126
American Funds - Asset Allocation Class 2 Shares   54,782,567     28,040     54,810,607
American Funds - Asset Allocation Class 4 Shares   8,688,173     -     8,688,173
American Funds - Growth Class 2 Shares   89,289,469     5,001     89,294,470
American Funds - Growth Class 4 Shares   47,482,452     -     47,482,452
American Funds - Growth-Income Class 2 Shares   33,321,271     7,170     33,328,441
American Funds - Growth-Income Class 4 Shares   18,029,935     -     18,029,935
American Funds - International Class 2 Shares   19,693,307     37,016     19,730,323
American Funds - International Class 4 Shares   5,004,868     -     5,004,868
American Funds - New World Class 4 Shares   2,003,195     -     2,003,195
American Funds - The Bond Fund of America Class 2 Shares   15,995,345     8,906     16,004,251
American Funds - The Bond Fund of America Class 4 Shares   7,450,684     -     7,450,684
Columbia - Acorn   -     -     -
Columbia - Acorn International   -     -     -
Dimensional VA Equity Allocation   -     -     -
Dimensional VA Global Bond   243,704     -     243,704
Dimensional VA Global Moderate Allocation   -     -     -
Dimensional VA International Small   -     -     -
Dimensional VA International Value   -     -     -
Dimensional VA Short-Term Fixed   -     -     -
Dimensional VA U.S. Large Value   -     -     -
Dimensional VA U.S. Targeted Value   -     -     -
Fidelity® VIP Balanced Service Class 2   41,028,392     -     41,028,392
Fidelity® VIP Consumer Staples Initial Class   1,317,737     -     1,317,737
Fidelity® VIP Contrafund® Initial Class   -     -     -
Fidelity® VIP Contrafund® Service Class 2   87,909,638     24,681     87,934,319
Fidelity® VIP Energy Service Class 2   4,183,919     -     4,183,919
Fidelity® VIP Equity-Income Service Class 2   314,465     -     314,465
Fidelity® VIP Growth Service Class 2   1,242,089     -     1,242,089
Fidelity® VIP Growth Opportunities Service Class 2   6,611     -     6,611
Fidelity® VIP Health Care Service Class 2   4,366,401     -     4,366,401
Fidelity® VIP Mid Cap Initial Class   -     -     -
Fidelity® VIP Mid Cap Service Class 2   28,145,017     -     28,145,017
Fidelity® VIP Technology Initial Class   36,949,640     -     36,949,640
Fidelity® VIP Utilities Initial Class   1,380,447     -     1,380,447
Fidelity® VIP Value Strategies Initial Class   10,310     -     10,310
Fidelity® VIP Value Strategies Service Class 2   13,507,462     14,088     13,521,550
Franklin Allocation Class 4 Shares   893,326     -     893,326
Franklin Income Class 2 Shares   992,681     -     992,681
 See accompanying notes.
8
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Assets and Liabilities
December 31, 2025
                 
Subaccount Net Assets Representing: Accumulation Units   Net Assets Representing: Contracts in Payout (Annuitization) Period   Total Net Assets
Franklin Mutual Shares Class 2 Shares $ 201,688   $ -   $ 201,688
Franklin Templeton Foreign Class 2 Shares   589,466     -     589,466
Invesco V.I. American Franchise Series II Shares   122,239     -     122,239
Janus Henderson - Enterprise Service Shares   152,638     -     152,638
Janus Henderson - Global Research Service Shares   248,119     -     248,119
Janus Henderson - Mid Cap Value Service Shares   2,731     -     2,731
LVIP JPMorgan Core Bond Standard Shares   347,348     -     347,348
LVIP JPMorgan Mid Cap Value Standard Shares   40,585     -     40,585
LVIP JPMorgan Small Cap Core Standard Shares   -     -     -
LVIP JPMorgan U.S. Equity Standard Shares   55,479     -     55,479
MFS® New Discovery Service Class   834,535     -     834,535
MFS® Total Return Service Class   548,668     -     548,668
Putnam VT International Value Class IB Shares   -     -     -
State Street Total Return V.I.S. Class 3 Shares   3,041,026     3,137     3,044,163
TA 60/40 Allocation Service Class   13,048,160     -     13,048,160
TA Aegon Bond Initial Class   200,083     10,655     210,738
TA Aegon Bond Service Class   36,191,338     48,534     36,239,872
TA Aegon Core Bond Service Class   24,446,106     35,368     24,481,474
TA Aegon High Yield Bond Initial Class   79,096     -     79,096
TA Aegon High Yield Bond Service Class   6,439,198     30,223     6,469,421
TA Aegon Sustainable Equity Income Initial Class   2,411,725     12,128     2,423,853
TA Aegon Sustainable Equity Income Service Class   11,525,148     5,677     11,530,825
TA Aegon U.S. Government Securities Initial Class   121,988     23,012     145,000
TA Aegon U.S. Government Securities Service Class   14,827,635     6,127     14,833,762
TA American Funds Managed Risk - Balanced Service Class   63,024,040     -     63,024,040
TA BlackRock Government Money Market Initial Class   114,956     39,306     154,262
TA BlackRock Government Money Market Service Class   41,781,811     10,223     41,792,034
TA BlackRock iShares Active Asset Allocation - Conservative Service Class   10,862,444     56,825     10,919,269
TA BlackRock iShares Active Asset Allocation - Moderate Service Class   62,059,904     34,987     62,094,891
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class   27,116,260     -     27,116,260
TA BlackRock iShares Dynamic Allocation - Balanced Service Class   44,418,718     57,794     44,476,512
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class   27,367,463     3,451     27,370,914
TA BlackRock iShares Edge 100 Service Class   5,618,566     -     5,618,566
TA BlackRock iShares Edge 40 Initial Class   71,559     -     71,559
TA BlackRock iShares Edge 40 Service Class   13,970,644     7,222     13,977,866
TA BlackRock iShares Edge 50 Service Class   34,526,824     16,431     34,543,255
TA BlackRock iShares Edge 75 Service Class   16,997,099     -     16,997,099
TA BlackRock iShares Tactical - Balanced Service Class   19,014,198     3,043     19,017,241
TA BlackRock iShares Tactical - Conservative Service Class   10,331,125     7,031     10,338,156
TA BlackRock iShares Tactical - Growth Service Class   23,711,201     6,964     23,718,165
TA BlackRock Real Estate Securities Initial Class   8,782     -     8,782
 See accompanying notes.
9
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Assets and Liabilities
December 31, 2025
                 
Subaccount Net Assets Representing: Accumulation Units   Net Assets Representing: Contracts in Payout (Annuitization) Period   Total Net Assets
TA BlackRock Real Estate Securities Service Class $ 3,797,416   $ -   $ 3,797,416
TA BlackRock Tactical Allocation Service Class   55,339,642     6,840     55,346,482
TA Goldman Sachs 70/30 Service Class   2,118,434     -     2,118,434
TA Goldman Sachs Managed Risk - Balanced ETF Service Class   244,373,618     756,575     245,130,193
TA Goldman Sachs Managed Risk - Conservative ETF Service Class   35,568,361     206,862     35,775,223
TA Goldman Sachs Managed Risk - Growth ETF Service Class   188,694,211     979,976     189,674,187
TA Great Lakes Advisors Large Cap Value Service Class   7,028,283     -     7,028,283
TA International Focus Initial Class   55,443     -     55,443
TA International Focus Service Class   6,512,282     -     6,512,282
TA Janus Balanced Service Class   77,612,614     37,450     77,650,064
TA Janus Mid-Cap Growth Initial Class   35,867     -     35,867
TA Janus Mid-Cap Growth Service Class   16,230,497     5,498     16,235,995
TA JPMorgan Asset Allocation - Conservative Initial Class   26,571     -     26,571
TA JPMorgan Asset Allocation - Conservative Service Class   29,752,141     886,056     30,638,197
TA JPMorgan Asset Allocation - Moderate Initial Class   477,875     -     477,875
TA JPMorgan Asset Allocation - Moderate Service Class   220,586,122     448,809     221,034,931
TA JPMorgan Asset Allocation - Moderate Growth Initial Class   16,067     -     16,067
TA JPMorgan Asset Allocation - Moderate Growth Service Class   122,748,033     134,335     122,882,368
TA JPMorgan Diversified Equity Allocation Initial Class   321,112     -     321,112
TA JPMorgan Diversified Equity Allocation Service Class   17,417,491     -     17,417,491
TA JPMorgan Enhanced Index Initial Class   953,210     1,781     954,991
TA JPMorgan Enhanced Index Service Class   22,056,139     -     22,056,139
TA JPMorgan International Moderate Growth Service Class   24,393,513     113,675     24,507,188
TA JPMorgan Tactical Allocation Service Class   53,073,979     52,953     53,126,932
TA Madison Diversified Income Service Class   5,058,147     -     5,058,147
TA Market Participation Strategy Service Class   19,665,922     27,636     19,693,558
TA Morgan Stanley Global Allocation Service Class   42,558,241     380,858     42,939,099
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class   10,065,666     -     10,065,666
TA MSCI EAFE Index Service Class   13,560,523     -     13,560,523
TA Multi-Managed Balanced Initial Class   57,495     -     57,495
TA Multi-Managed Balanced Service Class   81,491,644     66,982     81,558,626
TA PineBridge Inflation Opportunities Service Class   8,378,752     13,477     8,392,229
TA ProFunds UltraBear Service Class (OAM)   296,590     -     296,590
TA S&P 500 Index Initial Class   -     -     -
TA S&P 500 Index Service Class   189,551,146     -     189,551,146
TA Small/Mid Cap Value Initial Class   2,746,023     731     2,746,754
TA Small/Mid Cap Value Service Class   16,417,101     -     16,417,101
TA T. Rowe Price Small Cap Initial Class   133,017     -     133,017
TA T. Rowe Price Small Cap Service Class   36,777,724     5,990     36,783,714
TA TSW International Equity Initial Class   606,719     24,193     630,912
TA TSW International Equity Service Class   11,117,997     -     11,117,997
 See accompanying notes.
10
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Assets and Liabilities
December 31, 2025
                 
Subaccount Net Assets Representing: Accumulation Units   Net Assets Representing: Contracts in Payout (Annuitization) Period   Total Net Assets
TA TSW Mid Cap Value Opportunities Service Class $ 12,495,074   $ -   $ 12,495,074
TA WMC US Growth Initial Class   8,599,803     95,763     8,695,566
TA WMC US Growth Service Class   92,446,013     167,966     92,613,979
Vanguard® Balanced   5,098,065     -     5,098,065
Vanguard® Capital Growth   -     -     -
Vanguard® Conservative Allocation   3,176,694     -     3,176,694
Vanguard® Diversified Value   -     -     -
Vanguard® Equity Income   -     -     -
Vanguard® Equity Index   -     -     -
Vanguard® Global Bond Index   -     -     -
Vanguard® Growth   -     -     -
Vanguard® High Yield Bond   -     -     -
Vanguard® International   752,498     -     752,498
Vanguard® Mid-Cap Index   9,728,923     -     9,728,923
Vanguard® Moderate Allocation   3,403,501     -     3,403,501
Vanguard® Money Market   -     -     -
Vanguard® Real Estate Index   157,858     -     157,858
Vanguard® Short-Term Investment Grade   1,700,581     -     1,700,581
Vanguard® Total Bond Market Index   138,204     -     138,204
Vanguard® Total International Stock Market Index   -     -     -
Vanguard® Total Stock Market Index   -     -     -
Voya Global Perspectives Class S Shares   -     -     -
 See accompanying notes.
11
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        AB Balanced Hedged Allocation Class B Shares AB Large Cap Growth Class B Shares AB Relative Value Class B Shares American Funds - Asset Allocation Class 2 Shares
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            3,726,253 $                                                 263,304 $                                         30,433,103 $                                         45,710,451
               
Investment Income:        
  Reinvested Dividends 66,562 - 382,473 1,093,429
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 58,540 3,921 415,537 789,480
    Net Investment Income (Loss) 8,022 (3,921) (33,064) 303,949
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 76,671 13,072 1,076,195 1,999,676
  Realized Gain (Loss) on Investments (113,244) 20,101 137,271 747,176
    Net Realized Capital Gains (Losses) on Investments (36,573) 33,173 1,213,466 2,746,852
    Net Change in Unrealized Appreciation (Depreciation) 289,360 29,398 2,182,011 3,693,181
      Net Gain (Loss) on Investment 252,787 62,571 3,395,477 6,440,033
               
Net Increase (Decrease) in Net Assets Resulting from Operations 260,809 58,650 3,362,413 6,743,982
               
Increase (Decrease) in Net Assets from Contract Transactions (543,329) (66,140) (4,622,962) 469,492
               
Total Increase (Decrease) in Net Assets (282,520) (7,490) (1,260,549) 7,213,474
               
Net Assets as of December 31, 2024: $                                            3,443,733 $                                                 255,814 $                                         29,172,554 $                                         52,923,925
               
Investment Income:        
  Reinvested Dividends 61,858 - 249,649 1,069,492
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 50,953 3,548 376,471 854,756
    Net Investment Income (Loss) 10,905 (3,548) (126,822) 214,736
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 171,447 25,113 2,331,215 3,722,397
  Realized Gain (Loss) on Investments (46,394) 13,399 (158,835) 702,240
    Net Realized Capital Gains (Losses) on Investments 125,053 38,512 2,172,380 4,424,637
    Net Change in Unrealized Appreciation (Depreciation) 342,343 (7,240) 284,119 2,313,280
      Net Gain (Loss) on Investment 467,396 31,272 2,456,499 6,737,917
               
Net Increase (Decrease) in Net Assets Resulting from Operations 478,301 27,724 2,329,677 6,952,653
               
Increase (Decrease) in Net Assets from Contract Transactions (763,421) (36,572) (4,142,105) (5,065,971)
               
Total Increase (Decrease) in Net Assets (285,120) (8,848) (1,812,428) 1,886,682
               
Net Assets as of December 31, 2025: $                                            3,158,613 $                                                 246,966 $                                         27,360,126 $                                         54,810,607
 See Accompanying Notes.
(1)See Footnote 1
12
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        American Funds - Asset Allocation Class 4 Shares American Funds - Growth Class 2 Shares American Funds - Growth Class 4 Shares American Funds - Growth-Income Class 2 Shares
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            4,548,518 $                                         78,648,665 $                                         19,620,231 $                                         33,963,618
               
Investment Income:        
  Reinvested Dividends 115,291 276,140 42,868 382,886
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 76,381 1,377,562 363,700 579,373
    Net Investment Income (Loss) 38,910 (1,101,422) (320,832) (196,487)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 215,757 1,927,322 567,841 1,606,652
  Realized Gain (Loss) on Investments 1,819 6,221,613 80,268 1,964,033
    Net Realized Capital Gains (Losses) on Investments 217,576 8,148,935 648,109 3,570,685
    Net Change in Unrealized Appreciation (Depreciation) 427,310 14,557,995 6,222,769 3,739,938
      Net Gain (Loss) on Investment 644,886 22,706,930 6,870,878 7,310,623
               
Net Increase (Decrease) in Net Assets Resulting from Operations 683,796 21,605,508 6,550,046 7,114,136
               
Increase (Decrease) in Net Assets from Contract Transactions 1,232,024 (12,577,567) 6,036,190 (5,270,465)
               
Total Increase (Decrease) in Net Assets 1,915,820 9,027,941 12,586,236 1,843,671
               
Net Assets as of December 31, 2024: $                                            6,464,338 $                                         87,676,606 $                                         32,206,467 $                                         35,807,289
               
Investment Income:        
  Reinvested Dividends 146,211 133,158 48,956 295,572
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 104,647 1,392,270 544,449 536,256
    Net Investment Income (Loss) 41,564 (1,259,112) (495,493) (240,684)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 511,642 6,804,828 3,064,183 5,687,497
  Realized Gain (Loss) on Investments 25,851 6,690,108 1,202,826 2,804,158
    Net Realized Capital Gains (Losses) on Investments 537,493 13,494,936 4,267,009 8,491,655
    Net Change in Unrealized Appreciation (Depreciation) 404,263 2,330,447 2,797,616 (3,205,134)
      Net Gain (Loss) on Investment 941,756 15,825,383 7,064,625 5,286,521
               
Net Increase (Decrease) in Net Assets Resulting from Operations 983,320 14,566,271 6,569,132 5,045,837
               
Increase (Decrease) in Net Assets from Contract Transactions 1,240,515 (12,948,407) 8,706,853 (7,524,685)
               
Total Increase (Decrease) in Net Assets 2,223,835 1,617,864 15,275,985 (2,478,848)
               
Net Assets as of December 31, 2025: $                                            8,688,173 $                                         89,294,470 $                                         47,482,452 $                                         33,328,441
 See Accompanying Notes.
(1)See Footnote 1
 
13
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        American Funds - Growth-Income Class 4 Shares American Funds - International Class 2 Shares American Funds - International Class 4 Shares American Funds - New World Class 4 Shares
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            6,828,828 $                                         22,808,751 $                                            2,575,449 $                                                 939,316
               
Investment Income:        
  Reinvested Dividends 92,182 255,878 32,678 13,364
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 128,351 366,444 39,658 14,330
    Net Investment Income (Loss) (36,169) (110,566) (6,980) (966)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 385,477 - - 4,929
  Realized Gain (Loss) on Investments 225,904 (701,239) (84,174) (1,217)
    Net Realized Capital Gains (Losses) on Investments 611,381 (701,239) (84,174) 3,712
    Net Change in Unrealized Appreciation (Depreciation) 1,180,351 1,308,518 91,229 40,289
      Net Gain (Loss) on Investment 1,791,732 607,279 7,055 44,001
               
Net Increase (Decrease) in Net Assets Resulting from Operations 1,755,563 496,713 75 43,035
               
Increase (Decrease) in Net Assets from Contract Transactions 2,427,156 (2,836,271) 824,136 177,835
               
Total Increase (Decrease) in Net Assets 4,182,719 (2,339,558) 824,211 220,870
               
Net Assets as of December 31, 2024: $                                         11,011,547 $                                         20,469,193 $                                            3,399,660 $                                            1,160,186
               
Investment Income:        
  Reinvested Dividends 117,498 244,946 53,609 17,160
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 197,094 318,392 53,088 20,125
    Net Investment Income (Loss) (79,596) (73,446) 521 (2,965)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 2,283,778 - - 55,463
  Realized Gain (Loss) on Investments 220,622 (27,492) 13,249 (3,368)
    Net Realized Capital Gains (Losses) on Investments 2,504,400 (27,492) 13,249 52,095
    Net Change in Unrealized Appreciation (Depreciation) (253,716) 4,367,848 832,652 286,318
      Net Gain (Loss) on Investment 2,250,684 4,340,356 845,901 338,413
               
Net Increase (Decrease) in Net Assets Resulting from Operations 2,171,088 4,266,910 846,422 335,448
               
Increase (Decrease) in Net Assets from Contract Transactions 4,847,300 (5,005,780) 758,786 507,561
               
Total Increase (Decrease) in Net Assets 7,018,388 (738,870) 1,605,208 843,009
               
Net Assets as of December 31, 2025: $                                         18,029,935 $                                         19,730,323 $                                            5,004,868 $                                            2,003,195
 See Accompanying Notes.
(1)See Footnote 1
 
14
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        American Funds - The Bond Fund of America Class 2 Shares American Funds - The Bond Fund of America Class 4 Shares Columbia - Acorn Columbia - Acorn International
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                         19,668,943 $                                            4,214,031 $                                                                   - $                                                                   -
               
Investment Income:        
  Reinvested Dividends 752,551 193,895 - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 309,863 56,738 - -
    Net Investment Income (Loss) 442,688 137,157 - -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (656,068) (68,515) - -
    Net Realized Capital Gains (Losses) on Investments (656,068) (68,515) - -
    Net Change in Unrealized Appreciation (Depreciation) 113,848 (102,547) - -
      Net Gain (Loss) on Investment (542,220) (171,062) - -
               
Net Increase (Decrease) in Net Assets Resulting from Operations (99,532) (33,905) - -
               
Increase (Decrease) in Net Assets from Contract Transactions (1,661,247) 898,575 - -
               
Total Increase (Decrease) in Net Assets (1,760,779) 864,670 - -
               
Net Assets as of December 31, 2024: $                                         17,908,164 $                                            5,078,701 $                                                                   - $                                                                   -
               
Investment Income:        
  Reinvested Dividends 687,345 286,223 - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 274,182 82,161 - -
    Net Investment Income (Loss) 413,163 204,062 - -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (575,743) (35,661) - -
    Net Realized Capital Gains (Losses) on Investments (575,743) (35,661) - -
    Net Change in Unrealized Appreciation (Depreciation) 1,077,139 167,963 - -
      Net Gain (Loss) on Investment 501,396 132,302 - -
               
Net Increase (Decrease) in Net Assets Resulting from Operations 914,559 336,364 - -
               
Increase (Decrease) in Net Assets from Contract Transactions (2,818,472) 2,035,619 - -
               
Total Increase (Decrease) in Net Assets (1,903,913) 2,371,983 - -
               
Net Assets as of December 31, 2025: $                                         16,004,251 $                                            7,450,684 $                                                                   - $                                                                   -
 See Accompanying Notes.
(1)See Footnote 1
 
15
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Dimensional VA Equity Allocation Dimensional VA Global Bond Dimensional VA Global Moderate Allocation Dimensional VA International Small
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                                   - $                                                 220,526 $                                                                   - $                                                                   -
               
Investment Income:        
  Reinvested Dividends - 9,513 - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - 3,613 - -
    Net Investment Income (Loss) - 5,900 - -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments - (4,388) - -
    Net Realized Capital Gains (Losses) on Investments - (4,388) - -
    Net Change in Unrealized Appreciation (Depreciation) - 5,342 - -
      Net Gain (Loss) on Investment - 954 - -
               
Net Increase (Decrease) in Net Assets Resulting from Operations - 6,854 - -
               
Increase (Decrease) in Net Assets from Contract Transactions - (29,744) - -
               
Total Increase (Decrease) in Net Assets - (22,890) - -
               
Net Assets as of December 31, 2024: $                                                                   - $                                                 197,636 $                                                                   - $                                                                   -
               
Investment Income:        
  Reinvested Dividends - 9,902 - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - 3,561 - -
    Net Investment Income (Loss) - 6,341 - -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments - (645) - -
    Net Realized Capital Gains (Losses) on Investments - (645) - -
    Net Change in Unrealized Appreciation (Depreciation) - (1,093) - -
      Net Gain (Loss) on Investment - (1,738) - -
               
Net Increase (Decrease) in Net Assets Resulting from Operations - 4,603 - -
               
Increase (Decrease) in Net Assets from Contract Transactions - 41,465 - -
               
Total Increase (Decrease) in Net Assets - 46,068 - -
               
Net Assets as of December 31, 2025: $                                                                   - $                                                 243,704 $                                                                   - $                                                                   -
 See Accompanying Notes.
(1)See Footnote 1
 
16
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Dimensional VA International Value Dimensional VA Short-Term Fixed Dimensional VA U.S. Large Value Dimensional VA U.S. Targeted Value
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                                   - $                                                                   - $                                                                   - $                                                                   -
               
Investment Income:        
  Reinvested Dividends - - - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - - - -
    Net Investment Income (Loss) - - - -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments - - - -
    Net Realized Capital Gains (Losses) on Investments - - - -
    Net Change in Unrealized Appreciation (Depreciation) - - - -
      Net Gain (Loss) on Investment - - - -
               
Net Increase (Decrease) in Net Assets Resulting from Operations - - - -
               
Increase (Decrease) in Net Assets from Contract Transactions - - - -
               
Total Increase (Decrease) in Net Assets - - - -
               
Net Assets as of December 31, 2024: $                                                                   - $                                                                   - $                                                                   - $                                                                   -
               
Investment Income:        
  Reinvested Dividends - - - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - - - -
    Net Investment Income (Loss) - - - -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments - - - -
    Net Realized Capital Gains (Losses) on Investments - - - -
    Net Change in Unrealized Appreciation (Depreciation) - - - -
      Net Gain (Loss) on Investment - - - -
               
Net Increase (Decrease) in Net Assets Resulting from Operations - - - -
               
Increase (Decrease) in Net Assets from Contract Transactions - - - -
               
Total Increase (Decrease) in Net Assets - - - -
               
Net Assets as of December 31, 2025: $                                                                   - $                                                                   - $                                                                   - $                                                                   -
 See Accompanying Notes.
(1)See Footnote 1
 
17
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Fidelity® VIP Balanced Service Class 2 Fidelity® VIP Consumer Staples Initial Class Fidelity® VIP Contrafund® Initial Class Fidelity® VIP Contrafund® Service Class 2
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                         37,699,205 $                                                 640,729 $                                                                   - $                                         69,449,672
               
Investment Income:        
  Reinvested Dividends 649,042 19,679 - 26,537
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 525,976 13,644 - 1,061,448
    Net Investment Income (Loss) 123,066 6,035 - (1,034,911)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 1,266,852 16,822 - 9,672,733
  Realized Gain (Loss) on Investments 1,411,932 4,338 - 6,392,186
    Net Realized Capital Gains (Losses) on Investments 2,678,784 21,160 - 16,064,919
    Net Change in Unrealized Appreciation (Depreciation) 2,248,491 (3,354) - 6,176,622
      Net Gain (Loss) on Investment 4,927,275 17,806 - 22,241,541
               
Net Increase (Decrease) in Net Assets Resulting from Operations 5,050,341 23,841 - 21,206,630
               
Increase (Decrease) in Net Assets from Contract Transactions (3,226,111) 283,749 - (7,754,295)
               
Total Increase (Decrease) in Net Assets 1,824,230 307,590 - 13,452,335
               
Net Assets as of December 31, 2024: $                                         39,523,435 $                                                 948,319 $                                                                   - $                                         82,902,007
               
Investment Income:        
  Reinvested Dividends 621,814 21,283 - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 537,728 17,656 - 1,109,195
    Net Investment Income (Loss) 84,086 3,627 - (1,109,195)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 2,047,443 59,881 - 13,918,234
  Realized Gain (Loss) on Investments 1,591,152 (9,342) - 5,848,840
    Net Realized Capital Gains (Losses) on Investments 3,638,595 50,539 - 19,767,074
    Net Change in Unrealized Appreciation (Depreciation) 1,283,142 (104,104) - (3,641,959)
      Net Gain (Loss) on Investment 4,921,737 (53,565) - 16,125,115
               
Net Increase (Decrease) in Net Assets Resulting from Operations 5,005,823 (49,938) - 15,015,920
               
Increase (Decrease) in Net Assets from Contract Transactions (3,500,866) 419,356 - (9,983,608)
               
Total Increase (Decrease) in Net Assets 1,504,957 369,418 - 5,032,312
               
Net Assets as of December 31, 2025: $                                         41,028,392 $                                            1,317,737 $                                                                   - $                                         87,934,319
 See Accompanying Notes.
(1)See Footnote 1
 
18
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Fidelity® VIP Energy Service Class 2 Fidelity® VIP Equity-Income Service Class 2 Fidelity® VIP Growth Service Class 2 Fidelity® VIP Growth Opportunities Service Class 2
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            1,935,964 $                                                 435,509 $                                                 934,357 $                                                       4,402
               
Investment Income:        
  Reinvested Dividends 51,562 5,715 - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 38,806 5,579 15,596 71
    Net Investment Income (Loss) 12,756 136 (15,596) (71)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 21,885 248,866 -
  Realized Gain (Loss) on Investments 139,426 22,890 32,301 178
    Net Realized Capital Gains (Losses) on Investments 139,426 44,775 281,167 178
    Net Change in Unrealized Appreciation (Depreciation) (122,108) 2,402 (5,285) 1,422
      Net Gain (Loss) on Investment 17,318 47,177 275,882 1,600
               
Net Increase (Decrease) in Net Assets Resulting from Operations 30,074 47,313 260,286 1,529
               
Increase (Decrease) in Net Assets from Contract Transactions 740,152 (123,600) (39,801) (169)
               
Total Increase (Decrease) in Net Assets 770,226 (76,287) 220,485 1,360
               
Net Assets as of December 31, 2024: $                                            2,706,190 $                                                 359,222 $                                            1,154,842 $                                                       5,762
               
Investment Income:        
  Reinvested Dividends 73,654 4,898 592 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 57,736 4,505 16,614 81
    Net Investment Income (Loss) 15,918 393 (16,022) (81)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 17,883 159,369 82
  Realized Gain (Loss) on Investments 25,248 17,924 34,293 261
    Net Realized Capital Gains (Losses) on Investments 25,248 35,807 193,662 343
    Net Change in Unrealized Appreciation (Depreciation) 269,798 12,268 (32,398) 825
      Net Gain (Loss) on Investment 295,046 48,075 161,264 1,168
               
Net Increase (Decrease) in Net Assets Resulting from Operations 310,964 48,468 145,242 1,087
               
Increase (Decrease) in Net Assets from Contract Transactions 1,166,765 (93,225) (57,995) (238)
               
Total Increase (Decrease) in Net Assets 1,477,729 (44,757) 87,247 849
               
Net Assets as of December 31, 2025: $                                            4,183,919 $                                                 314,465 $                                            1,242,089 $                                                       6,611
 See Accompanying Notes.
(1)See Footnote 1
 
19
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Fidelity® VIP Health Care Service Class 2 Fidelity® VIP Mid Cap Initial Class Fidelity® VIP Mid Cap Service Class 2 Fidelity® VIP Technology Initial Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            2,196,885 $                                                                   - $                                         27,720,569 $                                         11,957,032
               
Investment Income:        
  Reinvested Dividends - - 103,454 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 49,315 - 398,281 364,442
    Net Investment Income (Loss) (49,315) - (294,827) (364,442)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - 4,003,513 734,994
  Realized Gain (Loss) on Investments 72,575 - 1,517,940 1,279,399
    Net Realized Capital Gains (Losses) on Investments 72,575 - 5,521,453 2,014,393
    Net Change in Unrealized Appreciation (Depreciation) 54,923 - (931,259) 3,728,689
      Net Gain (Loss) on Investment 127,498 - 4,590,194 5,743,082
               
Net Increase (Decrease) in Net Assets Resulting from Operations 78,183 - 4,295,367 5,378,640
               
Increase (Decrease) in Net Assets from Contract Transactions 1,234,263 - (1,575,498) 10,011,073
               
Total Increase (Decrease) in Net Assets 1,312,446 - 2,719,869 15,389,713
               
Net Assets as of December 31, 2024: $                                            3,509,331 $                                                                   - $                                         30,440,438 $                                         27,346,745
               
Investment Income:        
  Reinvested Dividends 6,402 - 66,232 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 58,552 - 364,942 579,843
    Net Investment Income (Loss) (52,150) - (298,710) (579,843)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 253,173 - 3,341,996 2,250,768
  Realized Gain (Loss) on Investments 5,104 - (238,689) 2,671,499
    Net Realized Capital Gains (Losses) on Investments 258,277 - 3,103,307 4,922,267
    Net Change in Unrealized Appreciation (Depreciation) 250,241 - (440,800) 2,305,756
      Net Gain (Loss) on Investment 508,518 - 2,662,507 7,228,023
               
Net Increase (Decrease) in Net Assets Resulting from Operations 456,368 - 2,363,797 6,648,180
               
Increase (Decrease) in Net Assets from Contract Transactions 400,702 - (4,659,218) 2,954,715
               
Total Increase (Decrease) in Net Assets 857,070 - (2,295,421) 9,602,895
               
Net Assets as of December 31, 2025: $                                            4,366,401 $                                                                   - $                                         28,145,017 $                                         36,949,640
 See Accompanying Notes.
(1)See Footnote 1
 
20
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Fidelity® VIP Utilities Initial Class Fidelity® VIP Value Strategies Initial Class Fidelity® VIP Value Strategies Service Class 2 Franklin Allocation Class 4 Shares
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                 671,730 $                                                    12,376 $                                         11,404,445 $                                            1,179,050
               
Investment Income:        
  Reinvested Dividends 18,671 118 99,041 19,922
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 14,161 79 167,703 17,197
    Net Investment Income (Loss) 4,510 39 (68,662) 2,725
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 40,648 1,624 1,749,002 -
  Realized Gain (Loss) on Investments 66,237 420 202,323 (74,487)
    Net Realized Capital Gains (Losses) on Investments 106,885 2,044 1,951,325 (74,487)
    Net Change in Unrealized Appreciation (Depreciation) 78,393 (1,070) (925,042) 151,010
      Net Gain (Loss) on Investment 185,278 974 1,026,283 76,523
               
Net Increase (Decrease) in Net Assets Resulting from Operations 189,788 1,013 957,621 79,248
               
Increase (Decrease) in Net Assets from Contract Transactions 108,268 (1,925) 81,106 (323,071)
               
Total Increase (Decrease) in Net Assets 298,056 (912) 1,038,727 (243,823)
               
Net Assets as of December 31, 2024: $                                                 969,786 $                                                    11,464 $                                         12,443,172 $                                                 935,227
               
Investment Income:        
  Reinvested Dividends 22,620 109 103,933 16,646
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 21,873 67 163,947 14,934
    Net Investment Income (Loss) 747 42 (60,014) 1,712
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 49,457 421 506,655 37,150
  Realized Gain (Loss) on Investments 69,922 452 122,010 10,611
    Net Realized Capital Gains (Losses) on Investments 119,379 873 628,665 47,761
    Net Change in Unrealized Appreciation (Depreciation) 21,691 (252) 257,783 44,253
      Net Gain (Loss) on Investment 141,070 621 886,448 92,014
               
Net Increase (Decrease) in Net Assets Resulting from Operations 141,817 663 826,434 93,726
               
Increase (Decrease) in Net Assets from Contract Transactions 268,844 (1,817) 251,944 (135,627)
               
Total Increase (Decrease) in Net Assets 410,661 (1,154) 1,078,378 (41,901)
               
Net Assets as of December 31, 2025: $                                            1,380,447 $                                                    10,310 $                                         13,521,550 $                                                 893,326
 See Accompanying Notes.
(1)See Footnote 1
 
21
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Franklin Income Class 2 Shares Franklin Mutual Shares Class 2 Shares Franklin Templeton Foreign Class 2 Shares Invesco V.I. American Franchise Series II Shares
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            1,234,609 $                                                 288,330 $                                                 664,208 $                                                 143,184
               
Investment Income:        
  Reinvested Dividends 61,088 4,995 15,643 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 17,538 4,089 9,458 2,457
    Net Investment Income (Loss) 43,550 906 6,185 (2,457)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 5,005 5,195 - -
  Realized Gain (Loss) on Investments (16,359) (12,127) 3,867 6,834
    Net Realized Capital Gains (Losses) on Investments (11,354) (6,932) 3,867 6,834
    Net Change in Unrealized Appreciation (Depreciation) 30,979 32,417 (22,339) 36,133
      Net Gain (Loss) on Investment 19,625 25,485 (18,472) 42,967
               
Net Increase (Decrease) in Net Assets Resulting from Operations 63,175 26,391 (12,287) 40,510
               
Increase (Decrease) in Net Assets from Contract Transactions (204,213) (65,752) (83,527) (60,526)
               
Total Increase (Decrease) in Net Assets (141,038) (39,361) (95,814) (20,016)
               
Net Assets as of December 31, 2024: $                                            1,093,571 $                                                 248,969 $                                                 568,394 $                                                 123,168
               
Investment Income:        
  Reinvested Dividends 52,925 3,948 13,983 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 15,492 2,995 8,661 2,097
    Net Investment Income (Loss) 37,433 953 5,322 (2,097)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 11,125 19,450 39,042 13,437
  Realized Gain (Loss) on Investments (12,067) (2,307) 10,781 5,070
    Net Realized Capital Gains (Losses) on Investments (942) 17,143 49,823 18,507
    Net Change in Unrealized Appreciation (Depreciation) 69,182 1,594 87,882 (4,610)
      Net Gain (Loss) on Investment 68,240 18,737 137,705 13,897
               
Net Increase (Decrease) in Net Assets Resulting from Operations 105,673 19,690 143,027 11,800
               
Increase (Decrease) in Net Assets from Contract Transactions (206,563) (66,971) (121,955) (12,729)
               
Total Increase (Decrease) in Net Assets (100,890) (47,281) 21,072 (929)
               
Net Assets as of December 31, 2025: $                                                 992,681 $                                                 201,688 $                                                 589,466 $                                                 122,239
 See Accompanying Notes.
(1)See Footnote 1
 
22
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Janus Henderson - Enterprise Service Shares Janus Henderson - Global Research Service Shares Janus Henderson - Mid Cap Value Service Shares LVIP JPMorgan Core Bond Standard Shares
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                 187,980 $                                                 250,048 $                                                       2,556 $                                                 264,335
               
Investment Income:        
  Reinvested Dividends 1,246 1,564 22 10,100
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 2,638 4,125 37 3,365
    Net Investment Income (Loss) (1,392) (2,561) (15) 6,735
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 8,905 8,587 140 -
  Realized Gain (Loss) on Investments 4,504 18,629 22 399
    Net Realized Capital Gains (Losses) on Investments 13,409 27,216 162 399
    Net Change in Unrealized Appreciation (Depreciation) 13,927 25,604 127 (6,219)
      Net Gain (Loss) on Investment 27,336 52,820 289 (5,820)
               
Net Increase (Decrease) in Net Assets Resulting from Operations 25,944 50,259 274 915
               
Increase (Decrease) in Net Assets from Contract Transactions (50,775) (29,224) (106) (42,731)
               
Total Increase (Decrease) in Net Assets (24,831) 21,035 168 (41,816)
               
Net Assets as of December 31, 2024: $                                                 163,149 $                                                 271,083 $                                                       2,724 $                                                 222,519
               
Investment Income:        
  Reinvested Dividends 263 1,644 38 12,267
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 2,116 4,115 36 3,820
    Net Investment Income (Loss) (1,853) (2,471) 2 8,447
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 12,531 25,670 241 -
  Realized Gain (Loss) on Investments 2,307 34,384 27 205
    Net Realized Capital Gains (Losses) on Investments 14,838 60,054 268 205
    Net Change in Unrealized Appreciation (Depreciation) (3,591) (10,231) (144) 8,053
      Net Gain (Loss) on Investment 11,247 49,823 124 8,258
               
Net Increase (Decrease) in Net Assets Resulting from Operations 9,394 47,352 126 16,705
               
Increase (Decrease) in Net Assets from Contract Transactions (19,905) (70,316) (119) 108,124
               
Total Increase (Decrease) in Net Assets (10,511) (22,964) 7 124,829
               
Net Assets as of December 31, 2025: $                                                 152,638 $                                                 248,119 $                                                       2,731 $                                                 347,348
 See Accompanying Notes.
(1)See Footnote 1
 
23
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        LVIP JPMorgan Mid Cap Value Standard Shares LVIP JPMorgan Small Cap Core Standard Shares LVIP JPMorgan U.S. Equity Standard Shares MFS® New Discovery Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                 229,799 $                                                                   - $                                                 183,942 $                                                 943,449
               
Investment Income:        
  Reinvested Dividends 3,150 - 282 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 3,149 - 1,024 13,299
    Net Investment Income (Loss) 1 - (742) (13,299)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 39,189 - 2,357 -
  Realized Gain (Loss) on Investments 367 - 28,640 (85,664)
    Net Realized Capital Gains (Losses) on Investments 39,556 - 30,997 (85,664)
    Net Change in Unrealized Appreciation (Depreciation) (10,061) - (11,089) 144,302
      Net Gain (Loss) on Investment 29,495 - 19,908 58,638
               
Net Increase (Decrease) in Net Assets Resulting from Operations 29,496 - 19,166 45,339
               
Increase (Decrease) in Net Assets from Contract Transactions (108) - (146,285) (124,836)
               
Total Increase (Decrease) in Net Assets 29,388 - (127,119) (79,497)
               
Net Assets as of December 31, 2024: $                                                 259,187 $                                                                   - $                                                    56,823 $                                                 863,952
               
Investment Income:        
  Reinvested Dividends 449 - 242 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 610 - 763 11,976
    Net Investment Income (Loss) (161) - (521) (11,976)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 4,284 - 1,544 -
  Realized Gain (Loss) on Investments 8,646 - 2,051 (71,283)
    Net Realized Capital Gains (Losses) on Investments 12,930 - 3,595 (71,283)
    Net Change in Unrealized Appreciation (Depreciation) (10,688) - 3,793 170,188
      Net Gain (Loss) on Investment 2,242 - 7,388 98,905
               
Net Increase (Decrease) in Net Assets Resulting from Operations 2,081 - 6,867 86,929
               
Increase (Decrease) in Net Assets from Contract Transactions (220,683) - (8,211) (116,346)
               
Total Increase (Decrease) in Net Assets (218,602) - (1,344) (29,417)
               
Net Assets as of December 31, 2025: $                                                    40,585 $                                                                   - $                                                    55,479 $                                                 834,535
 See Accompanying Notes.
(1)See Footnote 1
 
24
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        MFS® Total Return Service Class Putnam VT International Value Class IB Shares State Street Total Return V.I.S. Class 3 Shares TA 60/40 Allocation Service Class
        Subaccount Subaccount(1) Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                 668,036 $                                                                   - $                                            4,320,373 $                                         11,276,002
               
Investment Income:        
  Reinvested Dividends 13,823 - 163,152 174,892
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 9,083 - 64,138 158,307
    Net Investment Income (Loss) 4,740 - 99,014 16,585
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 29,651 - 792 139,585
  Realized Gain (Loss) on Investments 6,862 - 2,279 60,159
    Net Realized Capital Gains (Losses) on Investments 36,513 - 3,071 199,744
    Net Change in Unrealized Appreciation (Depreciation) (5,932) - 271,016 989,392
      Net Gain (Loss) on Investment 30,581 - 274,087 1,189,136
               
Net Increase (Decrease) in Net Assets Resulting from Operations 35,321 - 373,101 1,205,721
               
Increase (Decrease) in Net Assets from Contract Transactions (116,043) - (910,473) (290,435)
               
Total Increase (Decrease) in Net Assets (80,722) - (537,372) 915,286
               
Net Assets as of December 31, 2024: $                                                 587,314 $                                                                   - $                                            3,783,001 $                                         12,191,288
               
Investment Income:        
  Reinvested Dividends 13,558 - 65,173 267,071
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 8,216 - 51,950 165,799
    Net Investment Income (Loss) 5,342 - 13,223 101,272
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 39,888 - 127,132 701,464
  Realized Gain (Loss) on Investments 11,488 - 88,124 316,146
    Net Realized Capital Gains (Losses) on Investments 51,376 - 215,256 1,017,610
    Net Change in Unrealized Appreciation (Depreciation) (6,003) 2 190,081 452,518
      Net Gain (Loss) on Investment 45,373 2 405,337 1,470,128
               
Net Increase (Decrease) in Net Assets Resulting from Operations 50,715 2 418,560 1,571,400
               
Increase (Decrease) in Net Assets from Contract Transactions (89,361) (2) (1,157,398) (714,528)
               
Total Increase (Decrease) in Net Assets (38,646) - (738,838) 856,872
               
Net Assets as of December 31, 2025: $                                                 548,668 $                                                                   - $                                            3,044,163 $                                         13,048,160
 See Accompanying Notes.
(1)See Footnote 1
 
25
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA Aegon Bond Initial Class TA Aegon Bond Service Class TA Aegon Core Bond Service Class TA Aegon High Yield Bond Initial Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                 186,045 $                                         44,556,414 $                                         28,703,979 $                                                    70,677
               
Investment Income:        
  Reinvested Dividends 7,836 1,652,621 1,245,830 3,859
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 2,632 567,182 369,190 956
    Net Investment Income (Loss) 5,204 1,085,439 876,640 2,903
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (772) (1,362,773) (1,180,339) (491)
    Net Realized Capital Gains (Losses) on Investments (772) (1,362,773) (1,180,339) (491)
    Net Change in Unrealized Appreciation (Depreciation) (3,820) 489,596 226,400 1,991
      Net Gain (Loss) on Investment (4,592) (873,177) (953,939) 1,500
               
Net Increase (Decrease) in Net Assets Resulting from Operations 612 212,262 (77,299) 4,403
               
Increase (Decrease) in Net Assets from Contract Transactions 40,148 (4,637,889) 4,086,035 2,396
               
Total Increase (Decrease) in Net Assets 40,760 (4,425,627) 4,008,736 6,799
               
Net Assets as of December 31, 2024: $                                                 226,805 $                                         40,130,787 $                                         32,712,715 $                                                    77,476
               
Investment Income:        
  Reinvested Dividends 15,174 2,344,201 536,669 5,409
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 3,179 507,461 342,852 1,011
    Net Investment Income (Loss) 11,995 1,836,740 193,817 4,398
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (6,402) (1,479,510) (1,103,770) (686)
    Net Realized Capital Gains (Losses) on Investments (6,402) (1,479,510) (1,103,770) (686)
    Net Change in Unrealized Appreciation (Depreciation) 7,113 1,643,901 2,273,136 1,617
      Net Gain (Loss) on Investment 711 164,391 1,169,366 931
               
Net Increase (Decrease) in Net Assets Resulting from Operations 12,706 2,001,131 1,363,183 5,329
               
Increase (Decrease) in Net Assets from Contract Transactions (28,773) (5,892,046) (9,594,424) (3,709)
               
Total Increase (Decrease) in Net Assets (16,067) (3,890,915) (8,231,241) 1,620
               
Net Assets as of December 31, 2025: $                                                 210,738 $                                         36,239,872 $                                         24,481,474 $                                                    79,096
 See Accompanying Notes.
(1)See Footnote 1
 
26
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA Aegon High Yield Bond Service Class TA Aegon Sustainable Equity Income Initial Class TA Aegon Sustainable Equity Income Service Class TA Aegon U.S. Government Securities Initial Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            6,656,087 $                                            2,439,643 $                                         13,426,952 $                                                 143,369
               
Investment Income:        
  Reinvested Dividends 349,379 53,645 241,134 5,205
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 92,885 36,256 172,875 1,974
    Net Investment Income (Loss) 256,494 17,389 68,259 3,231
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (107,328) 66,466 253,541 (1,178)
    Net Realized Capital Gains (Losses) on Investments (107,328) 66,466 253,541 (1,178)
    Net Change in Unrealized Appreciation (Depreciation) 261,816 283,272 1,619,289 (3,582)
      Net Gain (Loss) on Investment 154,488 349,738 1,872,830 (4,760)
               
Net Increase (Decrease) in Net Assets Resulting from Operations 410,982 367,127 1,941,089 (1,529)
               
Increase (Decrease) in Net Assets from Contract Transactions (88,159) (188,726) (2,531,865) (2,251)
               
Total Increase (Decrease) in Net Assets 322,823 178,401 (590,776) (3,780)
               
Net Assets as of December 31, 2024: $                                            6,978,910 $                                            2,618,044 $                                         12,836,176 $                                                 139,589
               
Investment Income:        
  Reinvested Dividends 403,374 40,560 171,632 5,070
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 83,295 34,202 151,996 1,925
    Net Investment Income (Loss) 320,079 6,358 19,636 3,145
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 23,166 115,860 -
  Realized Gain (Loss) on Investments (74,202) 140,429 486,519 (6,584)
    Net Realized Capital Gains (Losses) on Investments (74,202) 163,595 602,379 (6,584)
    Net Change in Unrealized Appreciation (Depreciation) 166,239 59,906 478,055 9,227
      Net Gain (Loss) on Investment 92,037 223,501 1,080,434 2,643
               
Net Increase (Decrease) in Net Assets Resulting from Operations 412,116 229,859 1,100,070 5,788
               
Increase (Decrease) in Net Assets from Contract Transactions (921,605) (424,050) (2,405,421) (377)
               
Total Increase (Decrease) in Net Assets (509,489) (194,191) (1,305,351) 5,411
               
Net Assets as of December 31, 2025: $                                            6,469,421 $                                            2,423,853 $                                         11,530,825 $                                                 145,000
 See Accompanying Notes.
(1)See Footnote 1
 
27
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA Aegon U.S. Government Securities Service Class TA American Funds Managed Risk - Balanced Service Class TA BlackRock Government Money Market Initial Class
        Subaccount Subaccount Subaccount
             
Net Assets as of December 31, 2023: $                                         31,339,688 $                                                   67,431,207 $                                                 175,073
             
Investment Income:      
  Reinvested Dividends 691,513 1,071,602 8,460
Investment Expense:      
  Mortality and Expense Risk and Administrative Charges 335,639 902,860 2,400
    Net Investment Income (Loss) 355,874 168,742 6,060
             
Increase (Decrease) in Net Assets from Operations:      
  Capital Gain Distributions - 1,014,358 -
  Realized Gain (Loss) on Investments (769,825) 256,795 -
    Net Realized Capital Gains (Losses) on Investments (769,825) 1,271,153 -
    Net Change in Unrealized Appreciation (Depreciation) 132,513 6,797,976 -
      Net Gain (Loss) on Investment (637,312) 8,069,129 -
             
Net Increase (Decrease) in Net Assets Resulting from Operations (281,438) 8,237,871 6,060
             
Increase (Decrease) in Net Assets from Contract Transactions (13,770,203) (8,535,869) (14,620)
             
Total Increase (Decrease) in Net Assets (14,051,641) (297,998) (8,560)
             
Net Assets as of December 31, 2024: $                                         17,288,047 $                                                   67,133,209 $                                                 166,513
             
Investment Income:      
  Reinvested Dividends 557,074 1,019,932 6,451
Investment Expense:      
  Mortality and Expense Risk and Administrative Charges 241,091 847,056 2,244
    Net Investment Income (Loss) 315,983 172,876 4,207
             
Increase (Decrease) in Net Assets from Operations:      
  Capital Gain Distributions - 3,570,762 -
  Realized Gain (Loss) on Investments (342,078) 901,345 -
    Net Realized Capital Gains (Losses) on Investments (342,078) 4,472,107 -
    Net Change in Unrealized Appreciation (Depreciation) 706,138 1,386,754 -
      Net Gain (Loss) on Investment 364,060 5,858,861 -
             
Net Increase (Decrease) in Net Assets Resulting from Operations 680,043 6,031,737 4,207
             
Increase (Decrease) in Net Assets from Contract Transactions (3,134,328) (10,140,906) (16,458)
             
Total Increase (Decrease) in Net Assets (2,454,285) (4,109,169) (12,251)
             
Net Assets as of December 31, 2025: $                                         14,833,762 $                                                   63,024,040 $                                                 154,262
 See Accompanying Notes.
(1)See Footnote 1
 
28
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA BlackRock Government Money Market Service Class TA BlackRock iShares Active Asset Allocation - Conservative Service Class TA BlackRock iShares Active Asset Allocation - Moderate Service Class
        Subaccount Subaccount Subaccount
             
Net Assets as of December 31, 2023: $                                                            35,008,333 $                                                    14,798,502 $                                                     70,117,869
             
Investment Income:      
  Reinvested Dividends 1,839,571 291,847 1,264,158
Investment Expense:      
  Mortality and Expense Risk and Administrative Charges 518,141 178,024 929,332
    Net Investment Income (Loss) 1,321,430 113,823 334,826
             
Increase (Decrease) in Net Assets from Operations:      
  Capital Gain Distributions - - -
  Realized Gain (Loss) on Investments - (365,386) (907,166)
    Net Realized Capital Gains (Losses) on Investments - (365,386) (907,166)
    Net Change in Unrealized Appreciation (Depreciation) - 939,474 5,811,985
      Net Gain (Loss) on Investment - 574,088 4,904,819
             
Net Increase (Decrease) in Net Assets Resulting from Operations 1,321,430 687,911 5,239,645
             
Increase (Decrease) in Net Assets from Contract Transactions 2,295,606 (2,795,888) (8,822,094)
             
Total Increase (Decrease) in Net Assets 3,617,036 (2,107,977) (3,582,449)
             
Net Assets as of December 31, 2024: $                                                            38,625,369 $                                                    12,690,525 $                                                     66,535,420
             
Investment Income:      
  Reinvested Dividends 1,695,676 285,232 1,386,406
Investment Expense:      
  Mortality and Expense Risk and Administrative Charges 590,703 144,511 838,264
    Net Investment Income (Loss) 1,104,973 140,721 548,142
             
Increase (Decrease) in Net Assets from Operations:      
  Capital Gain Distributions - - -
  Realized Gain (Loss) on Investments - (200,236) (464,136)
    Net Realized Capital Gains (Losses) on Investments - (200,236) (464,136)
    Net Change in Unrealized Appreciation (Depreciation) - 843,417 4,797,476
      Net Gain (Loss) on Investment - 643,181 4,333,340
             
Net Increase (Decrease) in Net Assets Resulting from Operations 1,104,973 783,902 4,881,482
             
Increase (Decrease) in Net Assets from Contract Transactions 2,061,692 (2,555,158) (9,322,011)
             
Total Increase (Decrease) in Net Assets 3,166,665 (1,771,256) (4,440,529)
             
Net Assets as of December 31, 2025: $                                                            41,792,034 $                                                    10,919,269 $                                                     62,094,891
 See Accompanying Notes.
(1)See Footnote 1
 
29
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class TA BlackRock iShares Dynamic Allocation - Balanced Service Class TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class TA BlackRock iShares Edge 100 Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                        31,490,845 $                                       54,519,221 $                                                        32,332,081 $                                            5,070,984
               
Investment Income:        
  Reinvested Dividends 473,640 1,016,771 506,769 73,659
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 434,602 701,755 433,663 69,577
    Net Investment Income (Loss) 39,038 315,016 73,106 4,082
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - 112,604
  Realized Gain (Loss) on Investments 308,297 (569,295) 237,841 130,786
    Net Realized Capital Gains (Losses) on Investments 308,297 (569,295) 237,841 243,390
    Net Change in Unrealized Appreciation (Depreciation) 2,914,943 4,025,237 3,040,896 470,406
      Net Gain (Loss) on Investment 3,223,240 3,455,942 3,278,737 713,796
               
Net Increase (Decrease) in Net Assets Resulting from Operations 3,262,278 3,770,958 3,351,843 717,878
               
Increase (Decrease) in Net Assets from Contract Transactions (5,166,437) (8,064,006) (5,802,180) (387,310)
               
Total Increase (Decrease) in Net Assets (1,904,159) (4,293,048) (2,450,337) 330,568
               
Net Assets as of December 31, 2024: $                                                        29,586,686 $                                       50,226,173 $                                                        29,881,744 $                                            5,401,552
               
Investment Income:        
  Reinvested Dividends 497,999 1,077,589 540,406 79,952
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 388,740 616,414 380,526 66,968
    Net Investment Income (Loss) 109,259 461,175 159,880 12,984
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - 237,474
  Realized Gain (Loss) on Investments 431,290 (235,108) 475,934 93,481
    Net Realized Capital Gains (Losses) on Investments 431,290 (235,108) 475,934 330,955
    Net Change in Unrealized Appreciation (Depreciation) 1,857,917 3,259,039 1,731,588 516,600
      Net Gain (Loss) on Investment 2,289,207 3,023,931 2,207,522 847,555
               
Net Increase (Decrease) in Net Assets Resulting from Operations 2,398,466 3,485,106 2,367,402 860,539
               
Increase (Decrease) in Net Assets from Contract Transactions (4,868,892) (9,234,767) (4,878,232) (643,525)
               
Total Increase (Decrease) in Net Assets (2,470,426) (5,749,661) (2,510,830) 217,014
               
Net Assets as of December 31, 2025: $                                                        27,116,260 $                                       44,476,512 $                                                        27,370,914 $                                            5,618,566
 See Accompanying Notes.
(1)See Footnote 1
 
30
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA BlackRock iShares Edge 40 Initial Class TA BlackRock iShares Edge 40 Service Class TA BlackRock iShares Edge 50 Service Class TA BlackRock iShares Edge 75 Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                    60,460 $                                         20,025,826 $                                         37,056,258 $                                         17,151,697
               
Investment Income:        
  Reinvested Dividends 1,748 458,151 774,449 325,044
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 896 250,597 464,577 223,685
    Net Investment Income (Loss) 852 207,554 309,872 101,359
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 975 283,588 512,930 485,392
  Realized Gain (Loss) on Investments 53 (373,461) 462,331 299,629
    Net Realized Capital Gains (Losses) on Investments 1,028 (89,873) 975,261 785,021
    Net Change in Unrealized Appreciation (Depreciation) 1,357 835,858 1,006,854 755,095
      Net Gain (Loss) on Investment 2,385 745,985 1,982,115 1,540,116
               
Net Increase (Decrease) in Net Assets Resulting from Operations 3,237 953,539 2,291,987 1,641,475
               
Increase (Decrease) in Net Assets from Contract Transactions 1,305 (3,124,617) (4,739,730) (1,813,247)
               
Total Increase (Decrease) in Net Assets 4,542 (2,171,078) (2,447,743) (171,772)
               
Net Assets as of December 31, 2024: $                                                    65,002 $                                         17,854,748 $                                         34,608,515 $                                         16,979,925
               
Investment Income:        
  Reinvested Dividends 2,127 403,257 817,582 328,663
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 950 194,490 439,129 220,582
    Net Investment Income (Loss) 1,177 208,767 378,453 108,081
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 2,468 514,783 1,106,029 809,122
  Realized Gain (Loss) on Investments 80 (320,345) 539,819 428,268
    Net Realized Capital Gains (Losses) on Investments 2,548 194,438 1,645,848 1,237,390
    Net Change in Unrealized Appreciation (Depreciation) 2,839 1,041,017 1,524,125 920,072
      Net Gain (Loss) on Investment 5,387 1,235,455 3,169,973 2,157,462
               
Net Increase (Decrease) in Net Assets Resulting from Operations 6,564 1,444,222 3,548,426 2,265,543
               
Increase (Decrease) in Net Assets from Contract Transactions (7) (5,321,104) (3,613,686) (2,248,369)
               
Total Increase (Decrease) in Net Assets 6,557 (3,876,882) (65,260) 17,174
               
Net Assets as of December 31, 2025: $                                                    71,559 $                                         13,977,866 $                                         34,543,255 $                                         16,997,099
 See Accompanying Notes.
(1)See Footnote 1
 
31
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA BlackRock iShares Tactical - Balanced Service Class TA BlackRock iShares Tactical - Conservative Service Class TA BlackRock iShares Tactical - Growth Service Class TA BlackRock Real Estate Securities Initial Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                         22,004,203 $                                         11,402,854 $                                         27,396,062 $                                                       9,924
               
Investment Income:        
  Reinvested Dividends 762,926 391,391 940,042 217
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 288,083 144,631 355,469 138
    Net Investment Income (Loss) 474,843 246,760 584,573 79
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (672,247) (349,022) (894,955) (489)
    Net Realized Capital Gains (Losses) on Investments (672,247) (349,022) (894,955) (489)
    Net Change in Unrealized Appreciation (Depreciation) 1,695,157 629,221 2,863,369 428
      Net Gain (Loss) on Investment 1,022,910 280,199 1,968,414 (61)
               
Net Increase (Decrease) in Net Assets Resulting from Operations 1,497,753 526,959 2,552,987 18
               
Increase (Decrease) in Net Assets from Contract Transactions (2,984,712) (1,594,454) (4,152,104) (14)
               
Total Increase (Decrease) in Net Assets (1,486,959) (1,067,495) (1,599,117) 4
               
Net Assets as of December 31, 2024: $                                         20,517,244 $                                         10,335,359 $                                         25,796,945 $                                                       9,928
               
Investment Income:        
  Reinvested Dividends 638,265 345,037 720,688 190
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 265,397 132,907 325,673 140
    Net Investment Income (Loss) 372,868 212,130 395,015 50
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (521,085) (140,338) (386,767) (442)
    Net Realized Capital Gains (Losses) on Investments (521,085) (140,338) (386,767) (442)
    Net Change in Unrealized Appreciation (Depreciation) 2,292,218 823,084 3,204,663 1,192
      Net Gain (Loss) on Investment 1,771,133 682,746 2,817,896 750
               
Net Increase (Decrease) in Net Assets Resulting from Operations 2,144,001 894,876 3,212,911 800
               
Increase (Decrease) in Net Assets from Contract Transactions (3,644,004) (892,079) (5,291,691) (1,946)
               
Total Increase (Decrease) in Net Assets (1,500,003) 2,797 (2,078,780) (1,146)
               
Net Assets as of December 31, 2025: $                                         19,017,241 $                                         10,338,156 $                                         23,718,165 $                                                       8,782
 See Accompanying Notes.
(1)See Footnote 1
 
32
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA BlackRock Real Estate Securities Service Class TA BlackRock Tactical Allocation Service Class TA Goldman Sachs 70/30 Service Class TA Goldman Sachs Managed Risk - Balanced ETF Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            4,542,795 $                                         65,001,444 $                                                 758,273 $                                      281,183,164
               
Investment Income:        
  Reinvested Dividends 76,951 951,993 17,900 6,019,940
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 61,712 888,686 15,891 3,616,462
    Net Investment Income (Loss) 15,239 63,307 2,009 2,403,478
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - 25,101 3,212,575
  Realized Gain (Loss) on Investments (135,295) (668,164) 217 2,790,943
    Net Realized Capital Gains (Losses) on Investments (135,295) (668,164) 25,318 6,003,518
    Net Change in Unrealized Appreciation (Depreciation) 103,230 7,267,685 97,916 12,107,723
      Net Gain (Loss) on Investment (32,065) 6,599,521 123,234 18,111,241
               
Net Increase (Decrease) in Net Assets Resulting from Operations (16,826) 6,662,828 125,243 20,514,719
               
Increase (Decrease) in Net Assets from Contract Transactions (294,368) (11,889,414) 581,540 (39,784,995)
               
Total Increase (Decrease) in Net Assets (311,194) (5,226,586) 706,783 (19,270,276)
               
Net Assets as of December 31, 2024: $                                            4,231,601 $                                         59,774,858 $                                            1,465,056 $                                      261,912,888
               
Investment Income:        
  Reinvested Dividends 54,697 1,141,265 16,643 6,289,699
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 55,912 786,033 20,356 3,281,294
    Net Investment Income (Loss) (1,215) 355,232 (3,713) 3,008,405
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - 34,724 10,340,625
  Realized Gain (Loss) on Investments (84,457) (238,206) 30,516 3,877,650
    Net Realized Capital Gains (Losses) on Investments (84,457) (238,206) 65,240 14,218,275
    Net Change in Unrealized Appreciation (Depreciation) 387,641 5,346,788 186,466 4,864,041
      Net Gain (Loss) on Investment 303,184 5,108,582 251,706 19,082,316
               
Net Increase (Decrease) in Net Assets Resulting from Operations 301,969 5,463,814 247,993 22,090,721
               
Increase (Decrease) in Net Assets from Contract Transactions (736,154) (9,892,190) 405,385 (38,873,416)
               
Total Increase (Decrease) in Net Assets (434,185) (4,428,376) 653,378 (16,782,695)
               
Net Assets as of December 31, 2025: $                                            3,797,416 $                                         55,346,482 $                                            2,118,434 $                                      245,130,193
 See Accompanying Notes.
(1)See Footnote 1
 
33
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA Goldman Sachs Managed Risk - Conservative ETF Service Class TA Goldman Sachs Managed Risk - Growth ETF Service Class TA Great Lakes Advisors Large Cap Value Service Class TA International Focus Initial Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                         40,530,593 $                                      210,948,639 $                                            4,574,919 $                                                    92,962
               
Investment Income:        
  Reinvested Dividends 969,300 3,816,560 46,799 2,010
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 512,861 2,861,618 63,019 980
    Net Investment Income (Loss) 456,439 954,942 (16,220) 1,030
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 1,529,070 2,566,435 236,231 2,769
  Realized Gain (Loss) on Investments (495,337) 5,339,490 84,426 (3,776)
    Net Realized Capital Gains (Losses) on Investments 1,033,733 7,905,925 320,657 (1,007)
    Net Change in Unrealized Appreciation (Depreciation) 583,218 14,578,521 419,902 (561)
      Net Gain (Loss) on Investment 1,616,951 22,484,446 740,559 (1,568)
               
Net Increase (Decrease) in Net Assets Resulting from Operations 2,073,390 23,439,388 724,339 (538)
               
Increase (Decrease) in Net Assets from Contract Transactions (5,641,175) (33,677,271) 162,437 (28,969)
               
Total Increase (Decrease) in Net Assets (3,567,785) (10,237,883) 886,776 (29,507)
               
Net Assets as of December 31, 2024: $                                         36,962,808 $                                      200,710,756 $                                            5,461,695 $                                                    63,455
               
Investment Income:        
  Reinvested Dividends 989,192 3,697,001 49,991 1,109
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 468,312 2,601,078 72,289 741
    Net Investment Income (Loss) 520,880 1,095,923 (22,298) 368
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 398,462 11,741,446 134,420 6,562
  Realized Gain (Loss) on Investments (428,714) 4,748,077 179,624 303
    Net Realized Capital Gains (Losses) on Investments (30,252) 16,489,523 314,044 6,865
    Net Change in Unrealized Appreciation (Depreciation) 2,457,280 1,934,846 950,456 (3,608)
      Net Gain (Loss) on Investment 2,427,028 18,424,369 1,264,500 3,257
               
Net Increase (Decrease) in Net Assets Resulting from Operations 2,947,908 19,520,292 1,242,202 3,625
               
Increase (Decrease) in Net Assets from Contract Transactions (4,135,493) (30,556,861) 324,386 (11,637)
               
Total Increase (Decrease) in Net Assets (1,187,585) (11,036,569) 1,566,588 (8,012)
               
Net Assets as of December 31, 2025: $                                         35,775,223 $                                      189,674,187 $                                            7,028,283 $                                                    55,443
 See Accompanying Notes.
(1)See Footnote 1
 
34
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA International Focus Service Class TA Janus Balanced Service Class TA Janus Mid-Cap Growth Initial Class TA Janus Mid-Cap Growth Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            6,835,782 $                                         90,462,541 $                                                    27,129 $                                         16,726,525
               
Investment Income:        
  Reinvested Dividends 143,548 1,546,315 43 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 91,350 1,239,501 257 221,915
    Net Investment Income (Loss) 52,198 306,814 (214) (221,915)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 221,142 2,105,328 1,937 1,039,296
  Realized Gain (Loss) on Investments 84,292 2,289,586 107 (975,427)
    Net Realized Capital Gains (Losses) on Investments 305,434 4,394,914 2,044 63,869
    Net Change in Unrealized Appreciation (Depreciation) (539,090) 6,779,878 2,047 2,138,585
      Net Gain (Loss) on Investment (233,656) 11,174,792 4,091 2,202,454
               
Net Increase (Decrease) in Net Assets Resulting from Operations (181,458) 11,481,606 3,877 1,980,539
               
Increase (Decrease) in Net Assets from Contract Transactions 78,941 (15,670,902) 2,978 (2,169,564)
               
Total Increase (Decrease) in Net Assets (102,517) (4,189,296) 6,855 (189,025)
               
Net Assets as of December 31, 2024: $                                            6,733,265 $                                         86,273,245 $                                                    33,984 $                                         16,537,500
               
Investment Income:        
  Reinvested Dividends 97,483 1,531,796 3 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 88,543 1,110,696 291 211,652
    Net Investment Income (Loss) 8,940 421,100 (288) (211,652)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 682,380 10,023,369 3,984 2,055,439
  Realized Gain (Loss) on Investments (27,292) 1,799,016 164 (665,731)
    Net Realized Capital Gains (Losses) on Investments 655,088 11,822,385 4,148 1,389,708
    Net Change in Unrealized Appreciation (Depreciation) (345,311) (2,935,319) (1,445) (181,028)
      Net Gain (Loss) on Investment 309,777 8,887,066 2,703 1,208,680
               
Net Increase (Decrease) in Net Assets Resulting from Operations 318,717 9,308,166 2,415 997,028
               
Increase (Decrease) in Net Assets from Contract Transactions (539,700) (17,931,347) (532) (1,298,533)
               
Total Increase (Decrease) in Net Assets (220,983) (8,623,181) 1,883 (301,505)
               
Net Assets as of December 31, 2025: $                                            6,512,282 $                                         77,650,064 $                                                    35,867 $                                         16,235,995
 See Accompanying Notes.
(1)See Footnote 1
 
35
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA JPMorgan Asset Allocation - Conservative Initial Class TA JPMorgan Asset Allocation - Conservative Service Class TA JPMorgan Asset Allocation - Moderate Initial Class TA JPMorgan Asset Allocation - Moderate Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                    23,361 $                                         40,642,459 $                                                 181,748 $                                      248,910,029
               
Investment Income:        
  Reinvested Dividends 494 656,136 3,027 3,247,117
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 336 492,879 2,655 3,284,932
    Net Investment Income (Loss) 158 163,257 372 (37,815)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (69) (1,485,331) (349) (3,064,679)
    Net Realized Capital Gains (Losses) on Investments (69) (1,485,331) (349) (3,064,679)
    Net Change in Unrealized Appreciation (Depreciation) 905 2,875,144 11,832 17,993,936
      Net Gain (Loss) on Investment 836 1,389,813 11,483 14,929,257
               
Net Increase (Decrease) in Net Assets Resulting from Operations 994 1,553,070 11,855 14,891,442
               
Increase (Decrease) in Net Assets from Contract Transactions - (7,115,509) - (30,135,903)
               
Total Increase (Decrease) in Net Assets 994 (5,562,439) 11,855 (15,244,461)
               
Net Assets as of December 31, 2024: $                                                    24,355 $                                         35,080,020 $                                                 193,603 $                                      233,665,568
               
Investment Income:        
  Reinvested Dividends 1,015 1,145,002 14,988 6,838,753
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 350 412,303 6,088 3,001,506
    Net Investment Income (Loss) 665 732,699 8,900 3,837,247
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (58) (1,161,649) (7,723) (3,880,066)
    Net Realized Capital Gains (Losses) on Investments (58) (1,161,649) (7,723) (3,880,066)
    Net Change in Unrealized Appreciation (Depreciation) 1,610 3,117,225 34,945 21,406,101
      Net Gain (Loss) on Investment 1,552 1,955,576 27,222 17,526,035
               
Net Increase (Decrease) in Net Assets Resulting from Operations 2,217 2,688,275 36,122 21,363,282
               
Increase (Decrease) in Net Assets from Contract Transactions (1) (7,130,098) 248,150 (33,993,919)
               
Total Increase (Decrease) in Net Assets 2,216 (4,441,823) 284,272 (12,630,637)
               
Net Assets as of December 31, 2025: $                                                    26,571 $                                         30,638,197 $                                                 477,875 $                                      221,034,931
 See Accompanying Notes.
(1)See Footnote 1
 
36
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA JPMorgan Asset Allocation - Moderate Growth Initial Class TA JPMorgan Asset Allocation - Moderate Growth Service Class TA JPMorgan Diversified Equity Allocation Initial Class TA JPMorgan Diversified Equity Allocation Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                    13,213 $                                      135,211,184 $                                                 144,339 $                                         14,142,073
               
Investment Income:        
  Reinvested Dividends 172 1,296,930 803 176,033
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 196 1,857,658 1,591 209,274
    Net Investment Income (Loss) (24) (560,728) (788) (33,241)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - 1,120 293,569
  Realized Gain (Loss) on Investments 22 (4,004,041) 11,794 (138,862)
    Net Realized Capital Gains (Losses) on Investments 22 (4,004,041) 12,914 154,707
    Net Change in Unrealized Appreciation (Depreciation) 1,259 16,454,012 7,250 1,922,344
      Net Gain (Loss) on Investment 1,281 12,449,971 20,164 2,077,051
               
Net Increase (Decrease) in Net Assets Resulting from Operations 1,257 11,889,243 19,376 2,043,810
               
Increase (Decrease) in Net Assets from Contract Transactions (36) (18,666,050) (101,564) (476,159)
               
Total Increase (Decrease) in Net Assets 1,221 (6,776,807) (82,188) 1,567,651
               
Net Assets as of December 31, 2024: $                                                    14,434 $                                      128,434,377 $                                                    62,151 $                                         15,709,724
               
Investment Income:        
  Reinvested Dividends 410 3,037,792 4,318 203,076
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 208 1,697,782 2,700 217,146
    Net Investment Income (Loss) 202 1,340,010 1,618 (14,070)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - 8,212 464,342
  Realized Gain (Loss) on Investments 36 (2,502,198) 544 30,298
    Net Realized Capital Gains (Losses) on Investments 36 (2,502,198) 8,756 494,640
    Net Change in Unrealized Appreciation (Depreciation) 1,431 14,291,023 30,201 2,130,171
      Net Gain (Loss) on Investment 1,467 11,788,825 38,957 2,624,811
               
Net Increase (Decrease) in Net Assets Resulting from Operations 1,669 13,128,835 40,575 2,610,741
               
Increase (Decrease) in Net Assets from Contract Transactions (36) (18,680,844) 218,386 (902,974)
               
Total Increase (Decrease) in Net Assets 1,633 (5,552,009) 258,961 1,707,767
               
Net Assets as of December 31, 2025: $                                                    16,067 $                                      122,882,368 $                                                 321,112 $                                         17,417,491
 See Accompanying Notes.
(1)See Footnote 1
 
37
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA JPMorgan Enhanced Index Initial Class TA JPMorgan Enhanced Index Service Class TA JPMorgan International Moderate Growth Service Class TA JPMorgan Tactical Allocation Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                 822,729 $                                         14,507,499 $                                                  28,603,381 $                                                 62,614,436
               
Investment Income:        
  Reinvested Dividends 6,137 77,976 578,060 1,393,985
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 12,830 224,286 378,403 789,999
    Net Investment Income (Loss) (6,693) (146,310) 199,657 603,986
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 30,245 538,674 - -
  Realized Gain (Loss) on Investments 13,602 1,021,853 (473,070) (1,142,409)
    Net Realized Capital Gains (Losses) on Investments 43,847 1,560,527 (473,070) (1,142,409)
    Net Change in Unrealized Appreciation (Depreciation) 146,046 1,736,748 505,788 2,182,074
      Net Gain (Loss) on Investment 189,893 3,297,275 32,718 1,039,665
               
Net Increase (Decrease) in Net Assets Resulting from Operations 183,200 3,150,965 232,375 1,643,651
               
Increase (Decrease) in Net Assets from Contract Transactions (30,370) 4,528,315 (4,083,994) (7,545,963)
               
Total Increase (Decrease) in Net Assets 152,830 7,679,280 (3,851,619) (5,902,312)
               
Net Assets as of December 31, 2024: $                                                 975,559 $                                         22,186,779 $                                                  24,751,762 $                                                 56,712,124
               
Investment Income:        
  Reinvested Dividends 6,357 90,791 754,714 1,540,163
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 12,792 262,290 340,130 712,937
    Net Investment Income (Loss) (6,435) (171,499) 414,584 827,226
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 106,523 2,216,564 - -
  Realized Gain (Loss) on Investments 63,724 1,292,223 (334,730) (923,864)
    Net Realized Capital Gains (Losses) on Investments 170,247 3,508,787 (334,730) (923,864)
    Net Change in Unrealized Appreciation (Depreciation) (35,097) (846,383) 3,580,632 3,979,560
      Net Gain (Loss) on Investment 135,150 2,662,404 3,245,902 3,055,696
               
Net Increase (Decrease) in Net Assets Resulting from Operations 128,715 2,490,905 3,660,486 3,882,922
               
Increase (Decrease) in Net Assets from Contract Transactions (149,283) (2,621,545) (3,905,060) (7,468,114)
               
Total Increase (Decrease) in Net Assets (20,568) (130,640) (244,574) (3,585,192)
               
Net Assets as of December 31, 2025: $                                                 954,991 $                                         22,056,139 $                                                  24,507,188 $                                                 53,126,932
 See Accompanying Notes.
(1)See Footnote 1
 
38
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA Madison Diversified Income Service Class TA Market Participation Strategy Service Class TA Morgan Stanley Global Allocation Service Class TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                    5,652,969 $                                         22,081,503 $                                         47,700,050 $                                                  12,358,362
               
Investment Income:        
  Reinvested Dividends 139,591 341,585 2,148,446 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 72,797 315,748 642,043 155,488
    Net Investment Income (Loss) 66,794 25,837 1,506,403 (155,488)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments (132,730) (394,546) (500,328) (804,313)
    Net Realized Capital Gains (Losses) on Investments (132,730) (394,546) (500,328) (804,313)
    Net Change in Unrealized Appreciation (Depreciation) 185,442 3,184,987 1,480,692 1,405,641
      Net Gain (Loss) on Investment 52,712 2,790,441 980,364 601,328
               
Net Increase (Decrease) in Net Assets Resulting from Operations 119,506 2,816,278 2,486,767 445,840
               
Increase (Decrease) in Net Assets from Contract Transactions (236,803) (2,907,005) (4,772,240) (1,437,098)
               
Total Increase (Decrease) in Net Assets (117,297) (90,727) (2,285,473) (991,258)
               
Net Assets as of December 31, 2024: $                                                    5,535,672 $                                         21,990,776 $                                         45,414,577 $                                                  11,367,104
               
Investment Income:        
  Reinvested Dividends 145,894 258,004 2,616,187 1,156,078
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 69,355 289,685 602,125 138,004
    Net Investment Income (Loss) 76,539 (31,681) 2,014,062 1,018,074
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 734,385 - -
  Realized Gain (Loss) on Investments (197,927) (135,270) (291,068) (1,020,287)
    Net Realized Capital Gains (Losses) on Investments (197,927) 599,115 (291,068) (1,020,287)
    Net Change in Unrealized Appreciation (Depreciation) 428,353 1,074,871 4,813,958 1,256,697
      Net Gain (Loss) on Investment 230,426 1,673,986 4,522,890 236,410
               
Net Increase (Decrease) in Net Assets Resulting from Operations 306,965 1,642,305 6,536,952 1,254,484
               
Increase (Decrease) in Net Assets from Contract Transactions (784,490) (3,939,523) (9,012,430) (2,555,922)
               
Total Increase (Decrease) in Net Assets (477,525) (2,297,218) (2,475,478) (1,301,438)
               
Net Assets as of December 31, 2025: $                                                    5,058,147 $                                         19,693,558 $                                         42,939,099 $                                                  10,065,666
 See Accompanying Notes.
(1)See Footnote 1
 
39
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA MSCI EAFE Index Service Class TA Multi-Managed Balanced Initial Class TA Multi-Managed Balanced Service Class TA PineBridge Inflation Opportunities Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            8,162,279 $                                                    45,494 $                                         99,670,371 $                                         11,514,874
               
Investment Income:        
  Reinvested Dividends 222,923 965 1,624,120 358,507
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 127,252 690 1,290,557 147,217
    Net Investment Income (Loss) 95,671 275 333,563 211,290
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 2,104 4,073,360 -
  Realized Gain (Loss) on Investments 134,690 134 2,385,015 (111,262)
    Net Realized Capital Gains (Losses) on Investments 134,690 2,238 6,458,375 (111,262)
    Net Change in Unrealized Appreciation (Depreciation) (139,613) 3,558 5,270,602 (50,785)
      Net Gain (Loss) on Investment (4,923) 5,796 11,728,977 (162,047)
               
Net Increase (Decrease) in Net Assets Resulting from Operations 90,748 6,071 12,062,540 49,243
               
Increase (Decrease) in Net Assets from Contract Transactions 1,850,422 - (20,838,234) (1,328,241)
               
Total Increase (Decrease) in Net Assets 1,941,170 6,071 (8,775,694) (1,278,998)
               
Net Assets as of December 31, 2024: $                                         10,103,449 $                                                    51,565 $                                         90,894,677 $                                         10,235,876
               
Investment Income:        
  Reinvested Dividends 233,022 1,143 1,557,849 295,918
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 150,746 748 1,122,817 124,367
    Net Investment Income (Loss) 82,276 395 435,032 171,551
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 6,771 10,628,949 -
  Realized Gain (Loss) on Investments 521,818 148 1,791,694 (126,823)
    Net Realized Capital Gains (Losses) on Investments 521,818 6,919 12,420,643 (126,823)
    Net Change in Unrealized Appreciation (Depreciation) 2,218,690 (1,383) (3,904,266) 328,502
      Net Gain (Loss) on Investment 2,740,508 5,536 8,516,377 201,679
               
Net Increase (Decrease) in Net Assets Resulting from Operations 2,822,784 5,931 8,951,409 373,230
               
Increase (Decrease) in Net Assets from Contract Transactions 634,290 (1) (18,287,460) (2,216,877)
               
Total Increase (Decrease) in Net Assets 3,457,074 5,930 (9,336,051) (1,843,647)
               
Net Assets as of December 31, 2025: $                                         13,560,523 $                                                    57,495 $                                         81,558,626 $                                            8,392,229
 See Accompanying Notes.
(1)See Footnote 1
 
40
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA ProFunds UltraBear Service Class (OAM) TA S&P 500 Index Initial Class TA S&P 500 Index Service Class TA Small/Mid Cap Value Initial Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                                   - $                                                                   - $                                         92,673,461 $                                            3,257,217
               
Investment Income:        
  Reinvested Dividends 15,706 - 939,144 32,295
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 3,157 - 1,599,609 46,801
    Net Investment Income (Loss) 12,549 - (660,465) (14,506)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - 2,292,601 108,076
  Realized Gain (Loss) on Investments (36,786) - 4,527,295 5,241
    Net Realized Capital Gains (Losses) on Investments (36,786) - 6,819,896 113,317
    Net Change in Unrealized Appreciation (Depreciation) (29,414) - 17,094,114 141,556
      Net Gain (Loss) on Investment (66,200) - 23,914,010 254,873
               
Net Increase (Decrease) in Net Assets Resulting from Operations (53,651) - 23,253,545 240,367
               
Increase (Decrease) in Net Assets from Contract Transactions 381,801 - 21,602,864 (6,445)
               
Total Increase (Decrease) in Net Assets 328,150 - 44,856,409 233,922
               
Net Assets as of December 31, 2024: $                                                 328,150 $                                                                   - $                                      137,529,870 $                                            3,491,139
               
Investment Income:        
  Reinvested Dividends 8,595 - 1,146,943 32,903
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 4,765 - 2,153,085 37,749
    Net Investment Income (Loss) 3,830 - (1,006,142) (4,846)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - 813,680 275,622
  Realized Gain (Loss) on Investments (59,308) - 6,327,349 7,554
    Net Realized Capital Gains (Losses) on Investments (59,308) - 7,141,029 283,176
    Net Change in Unrealized Appreciation (Depreciation) (68,029) - 17,344,962 (73,096)
      Net Gain (Loss) on Investment (127,337) - 24,485,991 210,080
               
Net Increase (Decrease) in Net Assets Resulting from Operations (123,507) - 23,479,849 205,234
               
Increase (Decrease) in Net Assets from Contract Transactions 91,947 - 28,541,427 (949,619)
               
Total Increase (Decrease) in Net Assets (31,560) - 52,021,276 (744,385)
               
Net Assets as of December 31, 2025: $                                                 296,590 $                                                                   - $                                      189,551,146 $                                            2,746,754
 See Accompanying Notes.
(1)See Footnote 1
 
41
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA Small/Mid Cap Value Service Class TA T. Rowe Price Small Cap Initial Class TA T. Rowe Price Small Cap Service Class TA TSW International Equity Initial Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                         14,860,972 $                                                 130,012 $                                         37,702,583 $                                                 533,353
               
Investment Income:        
  Reinvested Dividends 128,996 - - 15,922
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 208,940 1,804 523,643 7,538
    Net Investment Income (Loss) (79,944) (1,804) (523,643) 8,384
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 566,139 5,091 1,609,730 -
  Realized Gain (Loss) on Investments 264,362 (3,935) (3,174,195) 4,366
    Net Realized Capital Gains (Losses) on Investments 830,501 1,156 (1,564,465) 4,366
    Net Change in Unrealized Appreciation (Depreciation) 394,713 16,040 6,280,021 (2,806)
      Net Gain (Loss) on Investment 1,225,214 17,196 4,715,556 1,560
               
Net Increase (Decrease) in Net Assets Resulting from Operations 1,145,270 15,392 4,191,913 9,944
               
Increase (Decrease) in Net Assets from Contract Transactions (401,973) (17,876) (3,651,595) (15,165)
               
Total Increase (Decrease) in Net Assets 743,297 (2,484) 540,318 (5,221)
               
Net Assets as of December 31, 2024: $                                         15,604,269 $                                                 127,528 $                                         38,242,901 $                                                 528,132
               
Investment Income:        
  Reinvested Dividends 162,222 - - 12,571
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 204,960 1,627 482,867 7,913
    Net Investment Income (Loss) (42,738) (1,627) (482,867) 4,658
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 1,692,663 20,294 6,607,921 27,076
  Realized Gain (Loss) on Investments 138,852 (3,906) (3,123,509) 21,276
    Net Realized Capital Gains (Losses) on Investments 1,831,515 16,388 3,484,412 48,352
    Net Change in Unrealized Appreciation (Depreciation) (661,289) (3,578) (179,745) 95,841
      Net Gain (Loss) on Investment 1,170,226 12,810 3,304,667 144,193
               
Net Increase (Decrease) in Net Assets Resulting from Operations 1,127,488 11,183 2,821,800 148,851
               
Increase (Decrease) in Net Assets from Contract Transactions (314,656) (5,694) (4,280,987) (46,071)
               
Total Increase (Decrease) in Net Assets 812,832 5,489 (1,459,187) 102,780
               
Net Assets as of December 31, 2025: $                                         16,417,101 $                                                 133,017 $                                         36,783,714 $                                                 630,912
 See Accompanying Notes.
(1)See Footnote 1
 
42
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        TA TSW International Equity Service Class TA TSW Mid Cap Value Opportunities Service Class TA WMC US Growth Initial Class TA WMC US Growth Service Class
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            6,814,501 $                                         14,048,235 $                                            6,622,008 $                                         80,160,971
               
Investment Income:        
  Reinvested Dividends 225,207 166,462 831 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 108,298 184,174 103,174 1,158,795
    Net Investment Income (Loss) 116,909 (17,712) (102,343) (1,158,795)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 2,231,452 676,805 8,294,958
  Realized Gain (Loss) on Investments 91,425 (224,875) 75,462 608,088
    Net Realized Capital Gains (Losses) on Investments 91,425 2,006,577 752,267 8,903,046
    Net Change in Unrealized Appreciation (Depreciation) (128,419) (1,100,673) 1,112,115 12,874,002
      Net Gain (Loss) on Investment (36,994) 905,904 1,864,382 21,777,048
               
Net Increase (Decrease) in Net Assets Resulting from Operations 79,915 888,192 1,762,039 20,618,253
               
Increase (Decrease) in Net Assets from Contract Transactions 1,368,964 (1,763,581) (264,275) (9,929,282)
               
Total Increase (Decrease) in Net Assets 1,448,879 (875,389) 1,497,764 10,688,971
               
Net Assets as of December 31, 2024: $                                            8,263,380 $                                         13,172,846 $                                            8,119,772 $                                         90,849,942
               
Investment Income:        
  Reinvested Dividends 224,888 129,600 - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 138,916 170,430 111,996 1,173,409
    Net Investment Income (Loss) 85,972 (40,830) (111,996) (1,173,409)
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 535,249 3,351,083 1,315,013 15,472,436
  Realized Gain (Loss) on Investments 411,820 (1,129,011) 223,726 3,183,584
    Net Realized Capital Gains (Losses) on Investments 947,069 2,222,072 1,538,739 18,656,020
    Net Change in Unrealized Appreciation (Depreciation) 1,521,694 (1,253,651) (176,288) (4,139,533)
      Net Gain (Loss) on Investment 2,468,763 968,421 1,362,451 14,516,487
               
Net Increase (Decrease) in Net Assets Resulting from Operations 2,554,735 927,591 1,250,455 13,343,078
               
Increase (Decrease) in Net Assets from Contract Transactions 299,882 (1,605,363) (674,661) (11,579,041)
               
Total Increase (Decrease) in Net Assets 2,854,617 (677,772) 575,794 1,764,037
               
Net Assets as of December 31, 2025: $                                         11,117,997 $                                         12,495,074 $                                            8,695,566 $                                         92,613,979
 See Accompanying Notes.
(1)See Footnote 1
 
43
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Vanguard® Balanced Vanguard® Capital Growth Vanguard® Conservative Allocation Vanguard® Diversified Value
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                            3,045,279 $                                                                   - $                                                 424,423 $                                                                   -
               
Investment Income:        
  Reinvested Dividends 73,846 - 11,745 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 58,252 - 8,160 -
    Net Investment Income (Loss) 15,594 - 3,585 -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 159,716 - 9,955 -
  Realized Gain (Loss) on Investments 68,657 - (699) -
    Net Realized Capital Gains (Losses) on Investments 228,373 - 9,256 -
    Net Change in Unrealized Appreciation (Depreciation) 144,182 - 12,296 -
      Net Gain (Loss) on Investment 372,555 - 21,552 -
               
Net Increase (Decrease) in Net Assets Resulting from Operations 388,149 - 25,137 -
               
Increase (Decrease) in Net Assets from Contract Transactions (287,134) - 38,246 -
               
Total Increase (Decrease) in Net Assets 101,015 - 63,383 -
               
Net Assets as of December 31, 2024: $                                            3,146,294 $                                                                   - $                                                 487,806 $                                                                   -
               
Investment Income:        
  Reinvested Dividends 90,862 - 7,991 -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges 79,514 - 21,939 -
    Net Investment Income (Loss) 11,348 - (13,948) -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions 389,191 - 9,361 -
  Realized Gain (Loss) on Investments 18,833 - (23,754) -
    Net Realized Capital Gains (Losses) on Investments 408,024 - (14,393) -
    Net Change in Unrealized Appreciation (Depreciation) 195,898 - 131,223 -
      Net Gain (Loss) on Investment 603,922 - 116,830 -
               
Net Increase (Decrease) in Net Assets Resulting from Operations 615,270 - 102,882 -
               
Increase (Decrease) in Net Assets from Contract Transactions 1,336,501 - 2,586,006 -
               
Total Increase (Decrease) in Net Assets 1,951,771 - 2,688,888 -
               
Net Assets as of December 31, 2025: $                                            5,098,065 $                                                                   - $                                            3,176,694 $                                                                   -
 See Accompanying Notes.
(1)See Footnote 1
 
44
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Vanguard® Equity Income Vanguard® Equity Index Vanguard® Global Bond Index Vanguard® Growth
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                                   - $                                                                   - $                                                                   - $                                                                   -
               
Investment Income:        
  Reinvested Dividends - - - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - - - -
    Net Investment Income (Loss) - - - -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments - - - -
    Net Realized Capital Gains (Losses) on Investments - - - -
    Net Change in Unrealized Appreciation (Depreciation) - - - -
      Net Gain (Loss) on Investment - - - -
               
Net Increase (Decrease) in Net Assets Resulting from Operations - - - -
               
Increase (Decrease) in Net Assets from Contract Transactions - - - -
               
Total Increase (Decrease) in Net Assets - - - -
               
Net Assets as of December 31, 2024: $                                                                   - $                                                                   - $                                                                   - $                                                                   -
               
Investment Income:        
  Reinvested Dividends - - - -
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - - - -
    Net Investment Income (Loss) - - - -
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - - - -
  Realized Gain (Loss) on Investments - - - -
    Net Realized Capital Gains (Losses) on Investments - - - -
    Net Change in Unrealized Appreciation (Depreciation) - - - -
      Net Gain (Loss) on Investment - - - -
               
Net Increase (Decrease) in Net Assets Resulting from Operations - - - -
               
Increase (Decrease) in Net Assets from Contract Transactions - - - -
               
Total Increase (Decrease) in Net Assets - - - -
               
Net Assets as of December 31, 2025: $                                                                   - $                                                                   - $                                                                   - $                                                                   -
 See Accompanying Notes.
(1)See Footnote 1
 
45
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Vanguard® High Yield Bond Vanguard® International Vanguard® Mid-Cap Index Vanguard® Moderate Allocation
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                                   - $                                                 356,102 $                                            4,714,798 $                                            1,951,107
               
Investment Income:        
  Reinvested Dividends - 4,463 73,050 48,161
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - 4,006 97,302 40,715
    Net Investment Income (Loss) - 457 (24,252) 7,446
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 11,815 60,881 39,160
  Realized Gain (Loss) on Investments - (3,008) 233,562 (9,600)
    Net Realized Capital Gains (Losses) on Investments - 8,807 294,443 29,560
    Net Change in Unrealized Appreciation (Depreciation) - 18,384 474,279 127,593
      Net Gain (Loss) on Investment - 27,191 768,722 157,153
               
Net Increase (Decrease) in Net Assets Resulting from Operations - 27,648 744,470 164,599
               
Increase (Decrease) in Net Assets from Contract Transactions - (18,081) 847,267 230,174
               
Total Increase (Decrease) in Net Assets - 9,567 1,591,737 394,773
               
Net Assets as of December 31, 2024: $                                                                   - $                                                 365,669 $                                            6,306,535 $                                            2,345,880
               
Investment Income:        
  Reinvested Dividends - 5,875 105,005 61,133
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - 6,454 145,903 52,176
    Net Investment Income (Loss) - (579) (40,898) 8,957
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 39,599 418,326 102,698
  Realized Gain (Loss) on Investments - (2,915) 80,305 1,251
    Net Realized Capital Gains (Losses) on Investments - 36,684 498,631 103,949
    Net Change in Unrealized Appreciation (Depreciation) - 59,253 279,299 255,983
      Net Gain (Loss) on Investment - 95,937 777,930 359,932
               
Net Increase (Decrease) in Net Assets Resulting from Operations - 95,358 737,032 368,889
               
Increase (Decrease) in Net Assets from Contract Transactions - 291,471 2,685,356 688,732
               
Total Increase (Decrease) in Net Assets - 386,829 3,422,388 1,057,621
               
Net Assets as of December 31, 2025: $                                                                   - $                                                 752,498 $                                            9,728,923 $                                            3,403,501
 See Accompanying Notes.
(1)See Footnote 1
 
46
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Vanguard® Money Market Vanguard® Real Estate Index Vanguard® Short-Term Investment Grade Vanguard® Total Bond Market Index
        Subaccount Subaccount Subaccount Subaccount
               
Net Assets as of December 31, 2023: $                                                                   - $                                                    74,743 $                                            1,167,435 $                                                 122,584
               
Investment Income:        
  Reinvested Dividends - 2,408 42,339 3,251
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - 613 9,552 1,022
    Net Investment Income (Loss) - 1,795 32,787 2,229
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 2,031 - -
  Realized Gain (Loss) on Investments - 424 (2,470) (149)
    Net Realized Capital Gains (Losses) on Investments - 2,455 (2,470) (149)
    Net Change in Unrealized Appreciation (Depreciation) - (1,116) 16,470 (1,398)
      Net Gain (Loss) on Investment - 1,339 14,000 (1,547)
               
Net Increase (Decrease) in Net Assets Resulting from Operations - 3,134 46,787 682
               
Increase (Decrease) in Net Assets from Contract Transactions - (1,778) (14,519) 10,741
               
Total Increase (Decrease) in Net Assets - 1,356 32,268 11,423
               
Net Assets as of December 31, 2024: $                                                                   - $                                                    76,099 $                                            1,199,703 $                                                 134,007
               
Investment Income:        
  Reinvested Dividends - 4,115 69,360 4,726
Investment Expense:        
  Mortality and Expense Risk and Administrative Charges - 1,124 12,797 1,090
    Net Investment Income (Loss) - 2,991 56,563 3,636
               
Increase (Decrease) in Net Assets from Operations:        
  Capital Gain Distributions - 2,635 - -
  Realized Gain (Loss) on Investments - 205 132 (63)
    Net Realized Capital Gains (Losses) on Investments - 2,840 132 (63)
    Net Change in Unrealized Appreciation (Depreciation) - (6,458) 34,484 4,441
      Net Gain (Loss) on Investment - (3,618) 34,616 4,378
               
Net Increase (Decrease) in Net Assets Resulting from Operations - (627) 91,179 8,014
               
Increase (Decrease) in Net Assets from Contract Transactions - 82,386 409,699 (3,817)
               
Total Increase (Decrease) in Net Assets - 81,759 500,878 4,197
               
Net Assets as of December 31, 2025: $                                                                   - $                                                 157,858 $                                            1,700,581 $                                                 138,204
 See Accompanying Notes.
(1)See Footnote 1
 
47
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Statements of Operations and Changes in Net Assets
Years Ended December 31, 2025 and 2024
 
        Vanguard® Total International Stock Market Index Vanguard® Total Stock Market Index Voya Global Perspectives Class S Shares
        Subaccount Subaccount Subaccount
             
Net Assets as of December 31, 2023: $                                                                   - $                                                                   - $                                                                   -
             
Investment Income:      
  Reinvested Dividends - - -
Investment Expense:      
  Mortality and Expense Risk and Administrative Charges - - -
    Net Investment Income (Loss) - - -
             
Increase (Decrease) in Net Assets from Operations:      
  Capital Gain Distributions - - -
  Realized Gain (Loss) on Investments - - -
    Net Realized Capital Gains (Losses) on Investments - - -
    Net Change in Unrealized Appreciation (Depreciation) - - -
      Net Gain (Loss) on Investment - - -
             
Net Increase (Decrease) in Net Assets Resulting from Operations - - -
             
Increase (Decrease) in Net Assets from Contract Transactions - - -
             
Total Increase (Decrease) in Net Assets - - -
             
Net Assets as of December 31, 2024: $                                                                   - $                                                                   - $                                                                   -
             
Investment Income:      
  Reinvested Dividends - - -
Investment Expense:      
  Mortality and Expense Risk and Administrative Charges - - -
    Net Investment Income (Loss) - - -
             
Increase (Decrease) in Net Assets from Operations:      
  Capital Gain Distributions - - -
  Realized Gain (Loss) on Investments - - -
    Net Realized Capital Gains (Losses) on Investments - - -
    Net Change in Unrealized Appreciation (Depreciation) - - -
      Net Gain (Loss) on Investment - - -
             
Net Increase (Decrease) in Net Assets Resulting from Operations - - -
             
Increase (Decrease) in Net Assets from Contract Transactions - - -
             
Total Increase (Decrease) in Net Assets - - -
             
Net Assets as of December 31, 2025: $                                                                   - $                                                                   - $                                                                   -
 See Accompanying Notes.
(1)See Footnote 1
 
48
 
 
  Transamerica Financial Life Insurance Company
  Separate Account VA BNY
  Notes to Financial Statements
  December 31, 2025
                               
                               
1.  Organization
Separate Account VA BNY (the Separate Account) is a segregated investment account of Transamerica Financial Life Insurance Company (TFLIC), an indirect wholly owned subsidiary of Aegon Ltd., a holding company organized under the laws of the Bermuda.
The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940.  TFLIC and the Separate Account are regulated by the Securities and Exchange Commission.  The assets and liabilities of the Separate Account are clearly identified and distinguished from TFLIC's other assets and liabilities.  The Separate Account consists of multiple investment subaccounts.  Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund.  Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended.  Activity in these specified investment subaccounts is available to contract owners of  Transamerica Variable Annuity Series, Partners Variable Annuity Series, Transamerica Landmark℠ NY Variable Annuity, Transamerica Axiom℠ II, Transamerica Principium℠ III, Transamerica Retirement Income Plus, Transamerica Income Elite℠ II,  Transamerica Advisor Elite II, Transamerica Variable Annuity O-Share, Transamerica Liberty℠ NY Variable Annuity, Transamerica Axiom℠ NY Variable Annuity, Transamerica Principium℠ II Variable Annuity, Income Elite℠ Variable Annuity, Transamerica Annuity I-Share, Transamerica Inspire℠ Variable Annuity, Transamerica Advisory Annuity, Transamerica Axiom℠ III Variable Annuity, Transamerica Principium℠ IV Variable Annuity,  and Transamerica I-Share II Variable Annuity.
TA ProFunds UltraBear Service Class (OAM) is included in the subaccount listing only to facilitate a contract owner purchase option.
                               
Subaccount Investment by Mutual Fund:    
Subaccount         Mutual Fund        
  AB Variable Products Series Fund, Inc.     AB Variable Products Series Fund, Inc.  
    AB Balanced Hedged Allocation Class B Shares     AB Balanced Hedged Allocation Portfolio Class B Shares
    AB Large Cap Growth Class B Shares       AB Large Cap Growth Portfolio Class B Shares
    AB Relative Value Class B Shares         AB Relative Value Portfolio Class B Shares  
  American Funds Insurance Series®       American Funds Insurance Series®    
    American Funds - Asset Allocation Class 2 Shares     American Funds - Asset Allocation Fund Class 2 Shares
    American Funds - Asset Allocation Class 4 Shares     American Funds - Asset Allocation Class 4 Shares
    American Funds - Growth Class 2 Shares       American Funds - Growth Fund Class 2 Shares
    American Funds - Growth Class 4 Shares       American Funds - Growth Class 4 Shares  
    American Funds - Growth-Income Class 2 Shares     American Funds - Growth-Income Fund Class 2 Shares
    American Funds - Growth-Income Class 4 Shares     American Funds - Growth-Income Class 4 Shares
    American Funds - International Class 2 Shares     American Funds - International Fund Class 2 Shares
    American Funds - International Class 4 Shares     American Funds - International Class 4 Shares
    American Funds - New World Class 4 Shares       American Funds - New World Class 4 Shares
    American Funds - The Bond Fund of America Class 2 Shares American Funds - The Bond Fund of America Class 2 Shares
    American Funds - The Bond Fund of America Class 4 Shares American Funds - The Bond Fund of America Class 4 Shares
  Columbia Funds Variable Series Trust     Columbia Funds Variable Series Trust  
    Columbia Variable Portfolio - Acorn       Columbia Variable Portfolio - Acorn Fund  
    Columbia Variable Portfolio - Acorn International     Columbia Variable Portfolio - Acorn International Fund
  DFA Investment Dimensions Group Inc.     DFA Investment Dimensions Group Inc.  
    Dimensional VA Equity Allocation       Dimensional VA Equity Allocation Portfolio  
    Dimensional VA Global Bond         Dimensional VA Global Bond Portfolio  
    Dimensional VA Global Moderate Allocation     Dimensional VA Global Moderate Allocation Portfolio
    Dimensional VA International Small       Dimensional VA International Small Portfolio
    Dimensional VA International Value       Dimensional VA International Value Portfolio
    Dimensional VA Short-Term Fixed       Dimensional VA Short-Term Fixed Portfolio
    Dimensional VA U.S. Large Value         Dimensional VA U.S. Large Value Portfolio  
49
 
1.  Organization (continued)
                               
Subaccount Investment by Mutual Fund:    
Subaccount         Mutual Fund        
  DFA Investment Dimensions Group Inc.     DFA Investment Dimensions Group Inc.  
    Dimensional VA U.S. Targeted Value       Dimensional VA U.S. Targeted Value Portfolio
  Fidelity® Variable Insurance Products Fund     Fidelity® Variable Insurance Products Fund  
    Fidelity® VIP Balanced Service Class 2       Fidelity® VIP Balanced Service Portfolio Class 2
    Fidelity® VIP Consumer Staples Initial Class       Fidelity® VIP Consumer Staples Initial Class  
    Fidelity® VIP Contrafund® Initial Class       Fidelity® VIP Contrafund® Portfolio Initial Class
    Fidelity® VIP Contrafund® Service Class 2       Fidelity® VIP Contrafund® Portfolio Service Class 2
    Fidelity® VIP Energy Service Class 2       Fidelity® VIP Energy Service Class 2  
    Fidelity® VIP Equity-Income Service Class 2       Fidelity® VIP Equity-Income Portfolio Service Class 2
    Fidelity® VIP Growth Service Class 2       Fidelity® VIP Growth Portfolio Service Class 2
    Fidelity® VIP Growth Opportunities Service Class 2     Fidelity® VIP Growth Opportunities Portfolio Service Class 2
    Fidelity® VIP Health Care Service Class 2       Fidelity® VIP Health Care Service Class 2  
    Fidelity® VIP Mid Cap Initial Class         Fidelity® VIP Mid Cap Portfolio Initial Class  
    Fidelity® VIP Mid Cap Service Class 2       Fidelity® VIP Mid Cap Portfolio Service Class 2
    Fidelity® VIP Technology Initial Class       Fidelity® VIP Technology Initial Class  
    Fidelity® VIP Utilities Initial Class         Fidelity® VIP Utilities Initial Class  
    Fidelity® VIP Value Strategies Initial Class       Fidelity® VIP Value Strategies Portfolio Initial Class
    Fidelity® VIP Value Strategies Service Class 2     Fidelity® VIP Value Strategies Portfolio Service Class 2
  Franklin Templeton Variable Insurance Products Trust   Franklin Templeton Variable Insurance Products Trust
    Franklin Allocation Class 4 Shares         Franklin Allocation Fund Class 4 Shares  
    Franklin Income Class 2 Shares         Franklin Income Fund Class 2 Shares  
    Franklin Mutual Shares Class 2 Shares       Franklin Mutual Shares Fund Class 2 Shares  
    Franklin Templeton Foreign Class 2 Shares     Franklin Templeton Foreign Fund Class 2 Shares
  AIM Variable Insurance Funds (Invesco Variable Insurance Funds) AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
    Invesco V.I. American Franchise Series II Shares     Invesco V.I. American Franchise Fund Series II Shares
  Janus Aspen Series         Janus Aspen Series      
    Janus Henderson - Enterprise Service Shares     Janus Henderson - Enterprise Service Shares
    Janus Henderson - Global Research Service Shares     Janus Henderson - Global Research Portfolio Service Shares
    Janus Henderson - Mid Cap Value Service Shares     Janus Henderson - Mid Cap Value Portfolio Service Shares
  Lincoln Variable Insurance Products       Lincoln Variable Insurance Products  
    LVIP JPMorgan Core Bond Standard Shares       LVIP JPMorgan Core Bond Standard Shares  
    LVIP JPMorgan Mid Cap Value Standard Shares     LVIP JPMorgan Mid Cap Value Standard Shares
    LVIP JPMorgan Small Cap Core Standard Shares     LVIP JPMorgan Small Cap Core Standard Shares
    LVIP JPMorgan U.S. Equity Standard Shares       LVIP JPMorgan U.S. Equity Standard Shares  
  MFS® Variable Insurance Trust       MFS® Variable Insurance Trust    
    MFS® New Discovery Service Class       MFS® New Discovery Series Service Class  
    MFS® Total Return Service Class         MFS® Total Return Series Service Class  
  Putnam Variable Trust         Putnam Variable Trust      
    Putnam VT International Value Class IB Shares     Putnam VT International Value Fund Class IB Shares
  State Street Variable Insurance Series Funds, Inc.   State Street Variable Insurance Series Funds, Inc.
    State Street Total Return V.I.S. Class 3 Shares     State Street Total Return V.I.S. Fund Class 3 Shares
  Transamerica Series Trust       Transamerica Series Trust    
    TA 60/40 Allocation Service Class         Transamerica 60/40 Allocation VP Service Class
    TA Aegon Bond Initial Class         Transamerica Aegon Bond VP Initial Class  
    TA Aegon Bond Service Class         Transamerica Aegon Bond VP Service Class  
    TA Aegon Core Bond Service Class       Transamerica Aegon Core Bond VP Service Class

 

50
 
1.  Organization (continued)
                               
Subaccount Investment by Mutual Fund:    
Subaccount         Mutual Fund        
  Transamerica Series Trust       Transamerica Series Trust    
    TA Aegon High Yield Bond Initial Class       Transamerica Aegon High Yield Bond VP Initial Class
    TA Aegon High Yield Bond Service Class       Transamerica Aegon High Yield Bond VP Service Class
    TA Aegon Sustainable Equity Income Initial Class     Transamerica Aegon Sustainable Equity Income VP Initial Class
    TA Aegon Sustainable Equity Income Service Class     Transamerica Aegon Sustainable Equity Income VP Service Class
    TA Aegon U.S. Government Securities Initial Class     Transamerica Aegon U.S. Government Securities VP Initial Class
    TA Aegon U.S. Government Securities Service Class     Transamerica Aegon U.S. Government Securities VP Service Class
    TA American Funds Managed Risk - Balanced Service Class Transamerica American Funds Managed Risk - Balanced VP Service Class
    TA BlackRock Government Money Market Initial Class     Transamerica BlackRock Government Money Market VP Initial Class
    TA BlackRock Government Money Market Service Class   Transamerica BlackRock Government Money Market VP Service Class
    TA BlackRock iShares Active Asset Allocation - Conservative Service Class     Transamerica BlackRock iShares Active Asset Allocation - Conservative VP Service Class
    TA BlackRock iShares Active Asset Allocation - Moderate Service Class     Transamerica BlackRock iShares Active Asset Allocation - Moderate VP Service Class
    TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class     Transamerica BlackRock iShares Active Asset Allocation - Moderate Growth VP Service Class
    TA BlackRock iShares Dynamic Allocation - Balanced Service Class     Transamerica BlackRock iShares Dynamic Allocation - Balanced VP Service Class
    TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class     Transamerica BlackRock iShares Dynamic Allocation - Moderate Growth VP Service Class
    TA BlackRock iShares Edge 100 Service Class       Transamerica BlackRock iShares Edge 100 VP Service Class
    TA BlackRock iShares Edge 40 Initial Class       Transamerica BlackRock iShares Edge 40 VP Initial Class
    TA BlackRock iShares Edge 40 Service Class       Transamerica BlackRock iShares Edge 40 VP Service Class
    TA BlackRock iShares Edge 50 Service Class       Transamerica BlackRock iShares Edge 50 VP Service Class
    TA BlackRock iShares Edge 75 Service Class       Transamerica BlackRock iShares Edge 75 VP Service Class
    TA BlackRock iShares Tactical - Balanced Service Class     Transamerica BlackRock iShares Tactical - Balanced VP Service Class
    TA BlackRock iShares Tactical - Conservative Service Class Transamerica BlackRock iShares Tactical - Conservative VP Service Class
    TA BlackRock iShares Tactical - Growth Service Class     Transamerica BlackRock iShares Tactical - Growth VP Service Class
    TA BlackRock Real Estate Securities Initial Class     Transamerica BlackRock Real Estate Securities VP Initial Class
    TA BlackRock Real Estate Securities Service Class     Transamerica BlackRock Real Estate Securities VP Service Class
    TA BlackRock Tactical Allocation Service Class     Transamerica BlackRock Tactical Allocation VP Service Class
    TA Goldman Sachs 70/30 Service Class       Transamerica Goldman Sachs 70/30 VP Service Class
    TA Goldman Sachs Managed Risk - Balanced ETF Service Class Transamerica Goldman Sachs Managed Risk - Balanced ETF VP Service Class
    TA Goldman Sachs Managed Risk - Conservative ETF Service Class     Transamerica Goldman Sachs Managed Risk - Conservative ETF VP Service Class
    TA Goldman Sachs Managed Risk - Growth ETF Service Class Transamerica Goldman Sachs Managed Risk - Growth ETF VP Service Class
    TA Great Lakes Advisors Large Cap Value Service Class     Transamerica Great Lakes Advisors Large Cap Value VP Service Class
    TA International Focus Initial Class       Transamerica International Focus VP Initial Class
    TA International Focus Service Class       Transamerica International Focus VP Service Class
    TA Janus Balanced Service Class         Transamerica Janus Balanced VP Service Class
    TA Janus Mid-Cap Growth Initial Class       Transamerica Janus Mid-Cap Growth VP Initial Class
    TA Janus Mid-Cap Growth Service Class       Transamerica Janus Mid-Cap Growth VP Service Class
    TA JPMorgan Asset Allocation - Conservative Initial Class   Transamerica JPMorgan Asset Allocation - Conservative VP Initial Class

 

51
 
1.  Organization (continued)
                               
Subaccount Investment by Mutual Fund:    
Subaccount         Mutual Fund        
  Transamerica Series Trust       Transamerica Series Trust    
    TA JPMorgan Asset Allocation - Conservative Service Class Transamerica JPMorgan Asset Allocation - Conservative VP Service Class
    TA JPMorgan Asset Allocation - Moderate Initial Class     Transamerica JPMorgan Asset Allocation - Moderate VP Initial Class
    TA JPMorgan Asset Allocation - Moderate Service Class   Transamerica JPMorgan Asset Allocation - Moderate VP Service Class
    TA JPMorgan Asset Allocation - Moderate Growth Initial Class Transamerica JPMorgan Asset Allocation - Moderate Growth VP Initial Class
    TA JPMorgan Asset Allocation - Moderate Growth Service Class Transamerica JPMorgan Asset Allocation - Moderate Growth VP Service Class
    TA JPMorgan Diversified Equity Allocation Initial Class     Transamerica JPMorgan Diversified Equity Allocation VP Initial Class
    TA JPMorgan Diversified Equity Allocation Service Class   Transamerica JPMorgan Diversified Equity Allocation VP Service Class
    TA JPMorgan Enhanced Index Initial Class       Transamerica JPMorgan Enhanced Index VP Initial Class
    TA JPMorgan Enhanced Index Service Class       Transamerica JPMorgan Enhanced Index VP Service Class
    TA JPMorgan International Moderate Growth Service Class Transamerica JPMorgan International Moderate Growth VP Service Class
    TA JPMorgan Tactical Allocation Service Class     Transamerica JPMorgan Tactical Allocation VP Service Class
    TA Madison Diversified Income Service Class     Transamerica Madison Diversified Income VP Service Class
    TA Market Participation Strategy Service Class     Transamerica Market Participation Strategy VP Service Class
    TA Morgan Stanley Global Allocation Service Class     Transamerica Morgan Stanley Global Allocation VP Service Class
    TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class     Transamerica Morgan Stanley Global Allocation Managed Risk - Balanced VP Service Class
    TA MSCI EAFE Index Service Class         Transamerica MSCI EAFE Index VP Service Class
    TA Multi-Managed Balanced Initial Class       Transamerica Multi-Managed Balanced VP Initial Class
    TA Multi-Managed Balanced Service Class       Transamerica Multi-Managed Balanced VP Service Class
    TA PineBridge Inflation Opportunities Service Class     Transamerica PineBridge Inflation Opportunities VP Service Class
    TA ProFunds UltraBear Service Class (OAM)       Transamerica ProFunds UltraBear VP Service Class (OAM)
    TA S&P 500 Index Initial Class         Transamerica S&P 500 Index VP Initial Class  
    TA S&P 500 Index Service Class         Transamerica S&P 500 Index VP Service Class
    TA Small/Mid Cap Value Initial Class       Transamerica Small/Mid Cap Value VP Initial Class
    TA Small/Mid Cap Value Service Class       Transamerica Small/Mid Cap Value VP Service Class
    TA T. Rowe Price Small Cap Initial Class       Transamerica T. Rowe Price Small Cap VP Initial Class
    TA T. Rowe Price Small Cap Service Class       Transamerica T. Rowe Price Small Cap VP Service Class
    TA TSW International Equity Initial Class       Transamerica TSW International Equity VP Initial Class
    TA TSW International Equity Service Class       Transamerica TSW International Equity VP Service Class
    TA TSW Mid Cap Value Opportunities Service Class     Transamerica TSW Mid Cap Value Opportunities VP Service Class
    TA WMC US Growth Initial Class         Transamerica WMC US Growth VP Initial Class
    TA WMC US Growth Service Class         Transamerica WMC US Growth VP Service Class
  Vanguard® Variable Insurance Fund       Vanguard® Variable Insurance Fund  
    Vanguard® Balanced           Vanguard® Balanced Portfolio    
    Vanguard® Capital Growth         Vanguard® Capital Growth Portfolio  
    Vanguard® Conservative Allocation       Vanguard® Conservative Allocation Portfolio
    Vanguard® Diversified Value         Vanguard® Diversified Value Portfolio  
    Vanguard® Equity Income         Vanguard® Equity Income Portfolio  
    Vanguard® Equity Index         Vanguard® Equity Index Portfolio  
    Vanguard® Global Bond Index         Vanguard® Global Bond Index Portfolio  
    Vanguard® Growth           Vanguard® Growth Portfolio    

 

52
 
1.  Organization (continued)
                               
Subaccount Investment by Mutual Fund:    
Subaccount         Mutual Fund        
  Vanguard® Variable Insurance Fund       Vanguard® Variable Insurance Fund  
    Vanguard® High Yield Bond         Vanguard® High Yield Bond Portfolio  
    Vanguard® International         Vanguard® International Portfolio  
    Vanguard® Mid-Cap Index         Vanguard® Mid-Cap Index Portfolio  
    Vanguard® Moderate Allocation         Vanguard® Moderate Allocation Portfolio  
    Vanguard® Money Market         Vanguard® Money Market Portfolio  
    Vanguard® Real Estate Index         Vanguard® Real Estate Index Portfolio  
    Vanguard® Short-Term Investment Grade       Vanguard® Short-Term Investment Grade Portfolio
    Vanguard® Total Bond Market Index       Vanguard® Total Bond Market Index Portfolio
    Vanguard® Total International Stock Market Index     Vanguard® Total International Stock Market Index Portfolio
    Vanguard® Total Stock Market Index       Vanguard® Total Stock Market Index Portfolio
  Voya Investors Trust         Voya Investors Trust      
    Voya Global Perspectives Class S Shares       Voya Global Perspectives Portfolio Class S Shares
                               
                               
Each period reported on reflects a full twelve month period except as follows:      
Subaccount         Inception Date        
  Putnam VT International Value Class IB Shares     October 20, 2025      
  LVIP JPMorgan Core Bond Standard Shares     April 28, 2023        
  LVIP JPMorgan Mid Cap Value Standard Shares     April 28, 2023        
  LVIP JPMorgan Small Cap Core Standard Shares   April 28, 2023        
  LVIP JPMorgan U.S. Equity Standard Shares     April 28, 2023        
  TA S&P 500 Index Initial Class       May 2, 2022        
                               
                               
The following subaccount name changes were made effective during the fiscal year ended December 31, 2025:
Subaccount         Formerly        
  Columbia Variable Portfolio - Acorn       Wanger Acorn        
  Columbia Variable Portfolio - Acorn International   Wanger International      
  TA JPMorgan Diversified Equity Allocation Initial Class   TA JPMorgan Asset Allocation - Growth Initial Class
  TA JPMorgan Diversified Equity Allocation Service Class   TA JPMorgan Asset Allocation - Growth Service Class
                               
                               
53
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
                         
                         
2.  Summary of Significant Accounting Policies      
                         
The financial statements included herein have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for variable annuity separate accounts registered as unit investment trusts.  The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions regarding matters that affect the reported amount of assets and liabilities.  Actual results could differ from those estimates.
                         
                         
Investments                      
Net purchase payments received by the Separate Account are invested in the portfolios of the Mutual Funds as selected by the contract owner. Investments are stated at the closing net asset values per share on December 31, 2025.
Realized capital gains and losses from sales of shares in the Separate Account are determined on the first-in, first-out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed) and dividend income is recorded on the ex-dividend date. Unrealized gains or losses from investments in the Mutual Funds are included in the Statements of Operations and Changes in Net Assets.
                         
Dividend Income                    
Dividends received from the Mutual Fund investments are reinvested to purchase additional mutual fund shares.
                         
                         
Fair Value Measurements and Fair Value Hierarchy              
The Accounting Standards Codification™ (ASC) 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the nature of inputs used to measure fair value and enhances disclosure requirements for fair value measurements.
The Separate Account has categorized its financial instruments into a three level hierarchy which is based on the priority of the inputs to the valuation technique.    The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument.
Financial assets and liabilities recorded at fair value on the Statements of Assets and Liabilities are categorized as follows:
Level 1. Unadjusted quoted prices for identical assets or liabilities in an active market.
Level 2. Quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following:
  a)  Quoted prices for similar assets or liabilities in active markets          
  b)  Quoted prices for identical or similar assets or liabilities in non-active markets        
  c)  Inputs other than quoted market prices that are observable          
  d)  Inputs that are derived principally from or corroborated by observable market data through correlation or other means.
                         
Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. They reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability.
All investments in the Mutual Funds included in the Statements of Assets and Liabilities are stated at fair value and are based upon published closing NAV per share and therefore are considered Level 1.
There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2025.
 
54
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
         
         
         
         
         
3. Investments
 		        
The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2025 were as follows:        
         
         
Subaccount Purchases Sales
AB Balanced Hedged Allocation Class B Shares $ 279,050 $ 860,118
AB Large Cap Growth Class B Shares   25,311   40,317
AB Relative Value Class B Shares   4,804,597   6,742,319
American Funds - Asset Allocation Class 2 Shares   5,036,580   6,165,397
American Funds - Asset Allocation Class 4 Shares   2,171,009   377,288
American Funds - Growth Class 2 Shares   12,583,287   19,985,965
American Funds - Growth Class 4 Shares   14,820,016   3,544,481
American Funds - Growth-Income Class 2 Shares   7,865,520   9,943,411
American Funds - Growth-Income Class 4 Shares   8,298,813   1,247,328
American Funds - International Class 2 Shares   882,471   5,961,669
American Funds - International Class 4 Shares   1,538,034   778,731
American Funds - New World Class 4 Shares   917,417   357,360
American Funds - The Bond Fund of America Class 2 Shares   2,643,306   5,048,601
American Funds - The Bond Fund of America Class 4 Shares   3,296,304   1,056,622
Columbia - Acorn   -   -
Columbia - Acorn International   -   -
Dimensional VA Equity Allocation   -   -
Dimensional VA Global Bond   72,607   24,800
Dimensional VA Global Moderate Allocation   -   -
Dimensional VA International Small   -   -
Dimensional VA International Value   -   -
Dimensional VA Short-Term Fixed   -   -
Dimensional VA U.S. Large Value   -   -
Dimensional VA U.S. Targeted Value   -   -
Fidelity® VIP Balanced Service Class 2   6,023,684   7,393,026
Fidelity® VIP Consumer Staples Initial Class   644,323   161,459
Fidelity® VIP Contrafund® Initial Class   -   -
Fidelity® VIP Contrafund® Service Class 2   20,861,057   18,035,670
Fidelity® VIP Energy Service Class 2   1,840,201   657,518
Fidelity® VIP Equity-Income Service Class 2   22,781   97,728
Fidelity® VIP Growth Service Class 2   159,961   74,621
Fidelity® VIP Growth Opportunities Service Class 2   82   333
Fidelity® VIP Health Care Service Class 2   1,365,831   764,107
Fidelity® VIP Mid Cap Initial Class   -   -
Fidelity® VIP Mid Cap Service Class 2   6,045,512   7,661,447
Fidelity® VIP Technology Initial Class   14,116,555   9,490,909
 
55
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
         
         
         
         
         
         
3. Investments (continued)         
         
         
Subaccount Purchases Sales
Fidelity® VIP Utilities Initial Class   687,726   368,679
Fidelity® VIP Value Strategies Initial Class $ 530 $ 1,884
Fidelity® VIP Value Strategies Service Class 2   2,805,332   2,106,748
Franklin Allocation Class 4 Shares   53,797   150,559
Franklin Income Class 2 Shares   64,323   222,327
Franklin Mutual Shares Class 2 Shares   23,397   69,968
Franklin Templeton Foreign Class 2 Shares   53,025   130,616
Invesco V.I. American Franchise Series II Shares   13,437   14,822
Janus Henderson - Enterprise Service Shares   12,794   22,023
Janus Henderson - Global Research Service Shares   27,315   74,422
Janus Henderson - Mid Cap Value Service Shares   279   154
LVIP JPMorgan Core Bond Standard Shares   142,249   25,677
LVIP JPMorgan Mid Cap Value Standard Shares   4,733   221,294
LVIP JPMorgan Small Cap Core Standard Shares   -   -
LVIP JPMorgan U.S. Equity Standard Shares   1,787   8,975
MFS® New Discovery Service Class   -   128,319
MFS® Total Return Service Class   53,479   97,610
Putnam VT International Value Class IB Shares   102   102
State Street Total Return V.I.S. Class 3 Shares   370,907   1,387,953
TA 60/40 Allocation Service Class   2,014,614   1,926,407
TA Aegon Bond Initial Class   15,462   32,242
TA Aegon Bond Service Class   3,421,914   7,477,231
TA Aegon Core Bond Service Class   3,594,349   12,994,954
TA Aegon High Yield Bond Initial Class   5,409   4,721
TA Aegon High Yield Bond Service Class   1,238,128   1,839,654
TA Aegon Sustainable Equity Income Initial Class   63,726   458,258
TA Aegon Sustainable Equity Income Service Class   661,467   2,931,381
TA Aegon U.S. Government Securities Initial Class   26,409   23,639
TA Aegon U.S. Government Securities Service Class   12,698,533   15,516,893
TA American Funds Managed Risk - Balanced Service Class   5,749,966   12,147,227
TA BlackRock Government Money Market Initial Class   7,021   19,269
TA BlackRock Government Money Market Service Class   49,403,583   46,237,618
TA BlackRock iShares Active Asset Allocation - Conservative Service Class   1,001,784   3,416,211
TA BlackRock iShares Active Asset Allocation - Moderate Service Class   2,542,772   11,316,648
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class   1,062,918   5,822,561
TA BlackRock iShares Dynamic Allocation - Balanced Service Class   1,368,889   10,142,506
 
56
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
         
         
         
         
         
         
 3. Investments (continued)        
         
         
Subaccount Purchases Sales
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class   1,019,394   5,737,727
TA BlackRock iShares Edge 100 Service Class   415,666   808,733
TA BlackRock iShares Edge 40 Initial Class $ 4,595 $ 957
TA BlackRock iShares Edge 40 Service Class   1,194,699   5,792,253
TA BlackRock iShares Edge 50 Service Class   2,893,703   5,022,905
TA BlackRock iShares Edge 75 Service Class   1,377,489   2,708,660
TA BlackRock iShares Tactical - Balanced Service Class   987,037   4,258,160
TA BlackRock iShares Tactical - Conservative Service Class   633,429   1,313,364
TA BlackRock iShares Tactical - Growth Service Class   1,578,633   6,475,305
TA BlackRock Real Estate Securities Initial Class   190   2,086
TA BlackRock Real Estate Securities Service Class   290,751   1,028,122
TA BlackRock Tactical Allocation Service Class   3,299,932   12,836,918
TA Goldman Sachs 70/30 Service Class   1,574,406   1,138,011
TA Goldman Sachs Managed Risk - Balanced ETF Service Class   19,548,687   45,073,233
TA Goldman Sachs Managed Risk - Conservative ETF Service Class   3,325,582   6,541,711
TA Goldman Sachs Managed Risk - Growth ETF Service Class   18,932,130   36,651,713
TA Great Lakes Advisors Large Cap Value Service Class   1,115,727   679,221
TA International Focus Initial Class   7,670   12,376
TA International Focus Service Class   1,569,515   1,417,894
TA Janus Balanced Service Class   13,104,629   20,591,514
TA Janus Mid-Cap Growth Initial Class   3,987   826
TA Janus Mid-Cap Growth Service Class   3,193,873   2,648,618
TA JPMorgan Asset Allocation - Conservative Initial Class   1,015   351
TA JPMorgan Asset Allocation - Conservative Service Class   1,594,891   7,992,262
TA JPMorgan Asset Allocation - Moderate Initial Class   329,150   72,099
TA JPMorgan Asset Allocation - Moderate Service Class   12,080,945   42,237,662
TA JPMorgan Asset Allocation - Moderate Growth Initial Class   410   243
TA JPMorgan Asset Allocation - Moderate Growth Service Class   4,504,613   21,845,446
TA JPMorgan Diversified Equity Allocation Initial Class   230,913   2,697
TA JPMorgan Diversified Equity Allocation Service Class   1,600,400   2,053,103
TA JPMorgan Enhanced Index Initial Class   114,532   163,728
TA JPMorgan Enhanced Index Service Class   7,922,310   8,498,790
TA JPMorgan International Moderate Growth Service Class   1,546,661   5,037,186
TA JPMorgan Tactical Allocation Service Class   2,092,888   8,733,778
TA Madison Diversified Income Service Class   287,125   995,077
TA Market Participation Strategy Service Class   1,315,025   4,551,849
 
57
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
         
         
         
         
         
         
3. Investments (continued)
       
         
         
Subaccount Purchases Sales
TA Morgan Stanley Global Allocation Service Class   4,058,277   11,056,685
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class   1,205,017   2,742,867
TA MSCI EAFE Index Service Class   3,228,357   2,511,787
TA Multi-Managed Balanced Initial Class $ 7,915 $ 748
TA Multi-Managed Balanced Service Class   13,603,278   20,826,754
TA PineBridge Inflation Opportunities Service Class   822,052   2,867,373
TA ProFunds UltraBear Service Class (OAM)   271,132   175,355
TA S&P 500 Index Initial Class   -   -
TA S&P 500 Index Service Class   44,908,571   16,559,618
TA Small/Mid Cap Value Initial Class   309,754   988,600
TA Small/Mid Cap Value Service Class   5,221,677   3,886,419
TA T. Rowe Price Small Cap Initial Class   22,088   9,115
TA T. Rowe Price Small Cap Service Class   9,991,451   8,147,377
TA TSW International Equity Initial Class   61,117   75,459
TA TSW International Equity Service Class   3,279,897   2,358,792
TA TSW Mid Cap Value Opportunities Service Class   4,577,232   2,872,340
TA WMC US Growth Initial Class   1,377,420   849,081
TA WMC US Growth Service Class   19,502,370   16,782,390
Vanguard® Balanced   2,036,300   299,260
Vanguard® Capital Growth   -   -
Vanguard® Conservative Allocation   2,811,138   229,718
Vanguard® Diversified Value   -   -
Vanguard® Equity Income   -   -
Vanguard® Equity Index   -   -
Vanguard® Global Bond Index   -   -
Vanguard® Growth   -   -
Vanguard® High Yield Bond   -   -
Vanguard® International   346,950   16,460
Vanguard® Mid-Cap Index   3,536,957   474,169
Vanguard® Moderate Allocation   952,689   152,302
Vanguard® Money Market   -   -
Vanguard® Real Estate Index   91,142   3,131
Vanguard® Short-Term Investment Grade   523,024   56,763
Vanguard® Total Bond Market Index   6,327   6,508
Vanguard® Total International Stock Market Index   -   -
Vanguard® Total Stock Market Index   -   -
Voya Global Perspectives Class S Shares   -   -
 
58
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
               
4. Change in Units               
               
The change in units outstanding were as follows:               
               
  Year Ended December 31, 2025   Year Ended December 31, 2024
Subaccount Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)   Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)
AB Balanced Hedged Allocation Class B Shares 3,825 (117,514) (113,689)   17,509 (176,062) (158,553)
AB Large Cap Growth Class B Shares 27 (4,946) (4,919)   - (9,755) (9,755)
AB Relative Value Class B Shares 122,799 (566,144) (443,345)   88,290 (569,455) (481,165)
American Funds - Asset Allocation Class 2 Shares 27,295 (743,939) (716,644)   352,758 (930,383) (577,625)
American Funds - Asset Allocation Class 4 Shares 96,325 (17,989) 78,336   99,764 (14,082) 85,682
American Funds - Growth Class 2 Shares 132,053 (685,072) (553,019)   237,066 (591,526) (354,460)
American Funds - Growth Class 4 Shares 498,914 (135,118) 363,796   534,628 (223,831) 310,797
American Funds - Growth-Income Class 2 Shares 80,662 (668,568) (587,906)   126,170 (392,368) (266,198)
American Funds - Growth-Income Class 4 Shares 292,730 (54,242) 238,488   250,009 (109,707) 140,302
American Funds - International Class 2 Shares 126,823 (1,368,086) (1,241,263)   747,101 (1,330,523) (583,422)
American Funds - International Class 4 Shares 106,024 (54,943) 51,081   88,843 (24,111) 64,732
American Funds - New World Class 4 Shares 53,207 (21,459) 31,748   14,632 (1,729) 12,903
American Funds - The Bond Fund of America Class 2 Shares 639,579 (1,536,148) (896,569)   1,089,790 (1,022,641) 67,149
American Funds - The Bond Fund of America Class 4 Shares 326,715 (106,736) 219,979   168,998 (71,196) 97,802
Columbia - Acorn - - -   - - -
Columbia - Acorn International - - -   - - -
Dimensional VA Equity Allocation - - -   - - -
Dimensional VA Global Bond 6,447 (2,221) 4,226   2,853 (5,965) (3,112)
Dimensional VA Global Moderate Allocation - - -   - - -
Dimensional VA International Small - - -   - - -
Dimensional VA International Value - - -   - - -
Dimensional VA Short-Term Fixed - - -   - - -
Dimensional VA U.S. Large Value - - -   - - -
Dimensional VA U.S. Targeted Value - - -   - - -
Fidelity® VIP Balanced Service Class 2 224,688 (646,969) (422,281)   238,333 (998,091) (759,758)
Fidelity® VIP Consumer Staples Initial Class 41,424 (10,436) 30,988   48,035 (27,846) 20,189
Fidelity® VIP Contrafund® Initial Class - - -   - - -
 
59
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
               
               
               
4. Change in Units (continued)               
               
  Year Ended December 31, 2025   Year Ended December 31, 2024
Subaccount Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)   Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)
Fidelity® VIP Contrafund® Service Class 2 184,143 (766,518) (582,375)   276,335 (823,278) (546,943)
Fidelity® VIP Energy Service Class 2 64,000 (21,508) 42,492   100,075 (73,261) 26,814
Fidelity® VIP Equity-Income Service Class 2 - (31,796) (31,796)   - (35,873) (35,873)
Fidelity® VIP Growth Service Class 2 - (9,384) (9,384)   - (6,602) (6,602)
Fidelity® VIP Growth Opportunities Service Class 2 - (40) (40)   - (41) (41)
Fidelity® VIP Health Care Service Class 2 92,843 (60,860) 31,983   181,981 (77,378) 104,603
Fidelity® VIP Mid Cap Initial Class - - -   - - -
Fidelity® VIP Mid Cap Service Class 2 133,484 (488,980) (355,496)   263,183 (387,893) (124,710)
Fidelity® VIP Technology Initial Class 452,142 (327,715) 124,427   652,398 (217,826) 434,572
Fidelity® VIP Utilities Initial Class 34,798 (19,413) 15,385   53,669 (46,673) 6,996
Fidelity® VIP Value Strategies Initial Class - (63) (63)   - (67) (67)
Fidelity® VIP Value Strategies Service Class 2 106,947 (128,055) (21,108)   88,013 (98,592) (10,579)
Franklin Allocation Class 4 Shares - (47,799) (47,799)   421 (125,405) (124,984)
Franklin Income Class 2 Shares 143 (104,022) (103,879)   34 (109,700) (109,666)
Franklin Mutual Shares Class 2 Shares - (34,319) (34,319)   21 (35,677) (35,656)
Franklin Templeton Foreign Class 2 Shares - (96,995) (96,995)   - (72,273) (72,273)
Invesco V.I. American Franchise Series II Shares - (2,690) (2,690)   - (14,784) (14,784)
Janus Henderson - Enterprise Service Shares - (2,415) (2,415)   - (6,156) (6,156)
Janus Henderson - Global Research Service Shares - (22,522) (22,522)   - (10,018) (10,018)
Janus Henderson - Mid Cap Value Service Shares - (32) (32)   - (32) (32)
LVIP JPMorgan Core Bond Standard Shares 99,954 (16,701) 83,253   7,082 (40,497) (33,415)
LVIP JPMorgan Mid Cap Value Standard Shares - (40,452) (40,452)   - (23) (23)
LVIP JPMorgan Small Cap Core Standard Shares - - -   - - -
LVIP JPMorgan U.S. Equity Standard Shares - (983) (983)   665 (21,780) (21,115)
MFS® New Discovery Service Class - (24,016) (24,016)   - (28,693) (28,693)
MFS® Total Return Service Class 13 (37,100) (37,087)   - (45,741) (45,741)
Putnam VT International Value Class IB Shares - - -   - - -
 
60
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
               
               
               
4. Change in Units (continued)               
               
  Year Ended December 31, 2025   Year Ended December 31, 2024
Subaccount Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)   Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)
State Street Total Return V.I.S. Class 3 Shares 11,109 (184,556) (173,447)   6,351 (201,103) (194,752)
TA 60/40 Allocation Service Class 62,441 (107,582) (45,141)   23,999 (44,351) (20,352)
TA Aegon Bond Initial Class 179 (17,196) (17,017)   25,862 (1,321) 24,541
TA Aegon Bond Service Class 242,969 (2,155,432) (1,912,463)   523,492 (2,308,159) (1,784,667)
TA Aegon Core Bond Service Class 464,301 (1,836,813) (1,372,512)   1,087,930 (1,545,578) (457,648)
TA Aegon High Yield Bond Initial Class - (958) (958)   1,661 (416) 1,245
TA Aegon High Yield Bond Service Class 90,359 (247,529) (157,170)   130,407 (203,856) (73,449)
TA Aegon Sustainable Equity Income Initial Class - (115,621) (115,621)   - (56,147) (56,147)
TA Aegon Sustainable Equity Income Service Class 24,389 (290,010) (265,621)   49,204 (452,449) (403,245)
TA Aegon U.S. Government Securities Initial Class 10,968 (11,334) (366)   73 (1,279) (1,206)
TA Aegon U.S. Government Securities Service Class 2,977,942 (3,768,168) (790,226)   822,295 (3,876,548) (3,054,253)
TA American Funds Managed Risk - Balanced Service Class 75,548 (727,234) (651,686)   85,211 (677,200) (591,989)
TA BlackRock Government Money Market Initial Class 412 (12,133) (11,721)   2,020 (12,748) (10,728)
TA BlackRock Government Money Market Service Class 10,065,616 (10,418,015) (352,399)   6,868,560 (7,050,523) (181,963)
TA BlackRock iShares Active Asset Allocation - Conservative Service Class 217,113 (804,238) (587,125)   237,205 (988,402) (751,197)
TA BlackRock iShares Active Asset Allocation - Moderate Service Class 175,198 (1,771,069) (1,595,871)   408,650 (2,132,053) (1,723,403)
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class 62,563 (973,712) (911,149)   137,184 (1,362,069) (1,224,885)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class 51,139 (2,113,225) (2,062,086)   105,025 (1,420,851) (1,315,826)
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class 39,984 (752,946) (712,962)   26,089 (938,838) (912,749)
TA BlackRock iShares Edge 100 Service Class 4,785 (34,815) (30,030)   38,378 (56,207) (17,829)
TA BlackRock iShares Edge 40 Initial Class - (3) (3)   668 (4) 664
TA BlackRock iShares Edge 40 Service Class 24,343 (667,572) (643,229)   215,985 (771,746) (555,761)
TA BlackRock iShares Edge 50 Service Class 67,006 (314,093) (247,087)   17,734 (363,644) (345,910)
TA BlackRock iShares Edge 75 Service Class 14,252 (139,416) (125,164)   31,987 (144,866) (112,879)
TA BlackRock iShares Tactical - Balanced Service Class 38,894 (712,219) (673,325)   17,404 (645,581) (628,177)
TA BlackRock iShares Tactical - Conservative Service Class 28,649 (215,895) (187,246)   90,784 (612,235) (521,451)
 
61
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
               
               
               
4. Change in Units (continued)               
               
  Year Ended December 31, 2025   Year Ended December 31, 2024
Subaccount Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)   Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)
TA BlackRock iShares Tactical - Growth Service Class 51,818 (624,677) (572,859)   51,488 (584,559) (533,071)
TA BlackRock Real Estate Securities Initial Class - (600) (600)   640 (634) 6
TA BlackRock Real Estate Securities Service Class 28,847 (251,654) (222,807)   59,431 (140,077) (80,646)
TA BlackRock Tactical Allocation Service Class 154,359 (1,852,019) (1,697,660)   74,716 (2,190,464) (2,115,748)
TA Goldman Sachs 70/30 Service Class 91,891 (67,471) 24,420   49,441 (6,520) 42,921
TA Goldman Sachs Managed Risk - Balanced ETF Service Class 428,339 (7,163,004) (6,734,665)   720,179 (8,926,966) (8,206,787)
TA Goldman Sachs Managed Risk - Conservative ETF Service Class 168,758 (1,439,260) (1,270,502)   200,566 (1,463,547) (1,262,981)
TA Goldman Sachs Managed Risk - Growth ETF Service Class 700,917 (6,699,354) (5,998,437)   798,935 (7,870,708) (7,071,773)
TA Great Lakes Advisors Large Cap Value Service Class 54,640 (35,402) 19,238   47,133 (35,121) 12,012
TA International Focus Initial Class - (4,536) (4,536)   1,537 (9,267) (7,730)
TA International Focus Service Class 61,862 (140,775) (78,913)   99,467 (149,541) (50,074)
TA Janus Balanced Service Class 279,453 (1,864,649) (1,585,196)   599,484 (1,748,331) (1,148,847)
TA Janus Mid-Cap Growth Initial Class - (163) (163)   1,110 (115) 995
TA Janus Mid-Cap Growth Service Class 54,098 (169,938) (115,840)   59,181 (328,410) (269,229)
TA JPMorgan Asset Allocation - Conservative Initial Class - - -   - - -
TA JPMorgan Asset Allocation - Conservative Service Class 119,905 (1,506,133) (1,386,228)   59,141 (1,502,968) (1,443,827)
TA JPMorgan Asset Allocation - Moderate Initial Class 124,335 (27,112) 97,223   - - -
TA JPMorgan Asset Allocation - Moderate Service Class 480,692 (6,488,818) (6,008,126)   321,477 (7,125,555) (6,804,078)
TA JPMorgan Asset Allocation - Moderate Growth Initial Class - (12) (12)   - (12) (12)
TA JPMorgan Asset Allocation - Moderate Growth Service Class 202,212 (2,881,005) (2,678,793)   248,086 (3,235,548) (2,987,462)
TA JPMorgan Diversified Equity Allocation Initial Class 57,358 (1) 57,357   - (28,209) (28,209)
TA JPMorgan Diversified Equity Allocation Service Class 35,043 (221,943) (186,900)   27,490 (78,139) (50,649)
TA JPMorgan Enhanced Index Initial Class 247 (18,882) (18,635)   40 (4,288) (4,248)
TA JPMorgan Enhanced Index Service Class 138,610 (220,976) (82,366)   336,443 (237,742) 98,701
TA JPMorgan International Moderate Growth Service Class 174,468 (1,370,755) (1,196,287)   282,096 (1,661,581) (1,379,485)
TA JPMorgan Tactical Allocation Service Class 83,686 (1,426,480) (1,342,794)   191,656 (1,413,387) (1,221,731)
TA Madison Diversified Income Service Class 13,042 (67,963) (54,921)   29,439 (50,406) (20,967)
 
62
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
               
               
               
4. Change in Units (continued)               
               
  Year Ended December 31, 2025   Year Ended December 31, 2024
Subaccount Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)   Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)
TA Market Participation Strategy Service Class 18,757 (370,899) (352,142)   19,464 (435,822) (416,358)
TA Morgan Stanley Global Allocation Service Class 160,218 (1,855,268) (1,695,050)   598,482 (1,675,828) (1,077,346)
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class 4,936 (226,151) (221,215)   45,145 (176,195) (131,050)
TA MSCI EAFE Index Service Class 196,516 (166,210) 30,306   196,190 (57,816) 138,374
TA Multi-Managed Balanced Initial Class - - -   - - -
TA Multi-Managed Balanced Service Class 99,102 (1,456,456) (1,357,354)   135,002 (1,868,926) (1,733,924)
TA PineBridge Inflation Opportunities Service Class 114,277 (834,965) (720,688)   122,554 (863,997) (741,443)
TA ProFunds UltraBear Service Class (OAM) 32,153 (22,747) 9,406   71,715 (36,396) 35,319
TA S&P 500 Index Initial Class - - -   - - -
TA S&P 500 Index Service Class 1,648,309 (573,075) 1,075,234   1,590,255 (621,894) 968,361
TA Small/Mid Cap Value Initial Class 44 (104,079) (104,035)   - (261) (261)
TA Small/Mid Cap Value Service Class 172,292 (291,371) (119,079)   150,733 (298,783) (148,050)
TA T. Rowe Price Small Cap Initial Class 55 (1,403) (1,348)   771 (5,096) (4,325)
TA T. Rowe Price Small Cap Service Class 132,633 (438,692) (306,059)   148,594 (499,474) (350,880)
TA TSW International Equity Initial Class 6,083 (20,909) (14,826)   16 (5,404) (5,388)
TA TSW International Equity Service Class 173,152 (216,387) (43,235)   297,356 (119,203) 178,153
TA TSW Mid Cap Value Opportunities Service Class 68,119 (160,180) (92,061)   36,813 (177,156) (140,343)
TA WMC US Growth Initial Class 11,831 (142,666) (130,835)   1,341 (66,666) (65,325)
TA WMC US Growth Service Class 103,622 (535,128) (431,506)   300,135 (888,925) (588,790)
Vanguard® Balanced 111,737 (15,196) 96,541   70,450 (91,763) (21,313)
Vanguard® Capital Growth - - -   - - -
Vanguard® Conservative Allocation 232,310 (18,560) 213,750   4,688 (1,165) 3,523
Vanguard® Diversified Value - - -   - - -
Vanguard® Equity Income - - -   - - -
Vanguard® Equity Index - - -   - - -
Vanguard® Global Bond Index - - -   - - -
Vanguard® Growth - - -   - - -
 
63
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
               
               
               
4. Change in Units (continued)               
               
  Year Ended December 31, 2025   Year Ended December 31, 2024
Subaccount Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)   Units Purchased Units Redeemed and Transferred to/from Net Increase (Decrease)
Vanguard® High Yield Bond - - -   - - -
Vanguard® International 12,237 (399) 11,838   30 (847) (817)
Vanguard® Mid-Cap Index 102,337 (12,497) 89,840   81,776 (47,874) 33,902
Vanguard® Moderate Allocation 59,765 (7,851) 51,914   24,939 (6,025) 18,914
Vanguard® Money Market - - -   - - -
Vanguard® Real Estate Index 4,631 (122) 4,509   194 (284) (90)
Vanguard® Short-Term Investment Grade 38,372 (3,685) 34,687   2,346 (3,646) (1,300)
Vanguard® Total Bond Market Index 142 (493) (351)   1,633 (607) 1,026
Vanguard® Total International Stock Market Index - - -   - - -
Vanguard® Total Stock Market Index - - -   - - -
Voya Global Perspectives Class S Shares - - -   - - -
 
64
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
                           
                           
                           
 4. Change in Unit Dollars (continued)                          
                           
    Year Ended December 31, 2025     Year Ended December 31, 2024
Subaccount   Units Purchased in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)     Units Purchased  in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)
AB Balanced Hedged Allocation Class B Shares $ 46,886 $ (810,307) $ (763,421)   $ 220,812 $ (764,141) $ (543,329)
AB Large Cap Growth Class B Shares   204   (36,776)   (36,572)     -   (66,140)   (66,140)
AB Relative Value Class B Shares   2,279,864   (6,421,969)   (4,142,105)     1,186,780   (5,809,742)   (4,622,962)
American Funds - Asset Allocation Class 2 Shares   286,065   (5,352,036)   (5,065,971)     7,102,188   (6,632,696)   469,492
American Funds - Asset Allocation Class 4 Shares 1,520,752   (280,237)   1,240,515     1,429,785   (197,761)   1,232,024
American Funds - Growth Class 2 Shares   5,770,547   (18,718,954)   (12,948,407)     7,065,613   (19,643,180)   (12,577,567)
American Funds - Growth Class 4 Shares   11,899,464   (3,192,611)   8,706,853     10,364,267   (4,328,077)   6,036,190
American Funds - Growth-Income Class 2 Shares   1,914,857   (9,439,542)   (7,524,685)     1,344,371   (6,614,836)   (5,270,465)
American Funds - Growth-Income Class 4 Shares   5,946,178   (1,098,878)   4,847,300     4,370,812   (1,943,656)   2,427,156
American Funds - International Class 2 Shares   663,870   (5,669,650)   (5,005,780)     2,716,526   (5,552,797)   (2,836,271)
American Funds - International Class 4 Shares   1,491,982   (733,196)   758,786     1,133,276   (309,140)   824,136
American Funds - New World Class 4 Shares   847,283   (339,722)   507,561     201,876   (24,041)   177,835
American Funds - The Bond Fund of America Class 2 Shares   1,994,070   (4,812,542)   (2,818,472)     2,467,240   (4,128,487)   (1,661,247)
American Funds - The Bond Fund of America Class 4 Shares   3,025,627   (990,008)   2,035,619     1,540,878   (642,303)   898,575
Columbia - Acorn   -   -   -     -   -   -
Columbia - Acorn International   -   -   -     -   -   -
Dimensional VA Equity Allocation   -   -   -     -   -   -
Dimensional VA Global Bond   62,794   (21,329)   41,465     26,700   (56,444)   (29,744)
Dimensional VA Global Moderate Allocation   -   -   -     -   -   -
Dimensional VA International Small   -   -   -     -   -   -
Dimensional VA International Value   -   -   -     -   -   -
Dimensional VA Short-Term Fixed   -   -   -     -   -   -
Dimensional VA U.S. Large Value   -   -   -     -   -   -
Dimensional VA U.S. Targeted Value   -   -   -     -   -   -
Fidelity® VIP Balanced Service Class 2   3,393,099   (6,893,965)   (3,500,866)     3,238,198   (6,464,309)   (3,226,111)
Fidelity® VIP Consumer Staples Initial Class   566,554   (147,198)   419,356     675,276   (391,527)   283,749
 
65
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
                           
                           
                           
 4. Change in Unit Dollars (continued)                          
                           
    Year Ended December 31, 2025     Year Ended December 31, 2024
Subaccount   Units Purchased in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)     Units Purchased  in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)
Fidelity® VIP Contrafund® Initial Class   -   -   -     -   -   -
Fidelity® VIP Contrafund® Service Class 2 $ 7,056,195 $ (17,039,803) $ (9,983,608)   $ 9,140,626 $ (16,894,921) $ (7,754,295)
Fidelity® VIP Energy Service Class 2   1,782,722   (615,957)   1,166,765     2,817,129   (2,076,977)   740,152
Fidelity® VIP Equity-Income Service Class 2   -   (93,225)   (93,225)     -   (123,600)   (123,600)
Fidelity® VIP Growth Service Class 2   -   (57,995)   (57,995)     -   (39,801)   (39,801)
Fidelity® VIP Growth Opportunities Service Class 2   -   (238)   (238)     -   (169)   (169)
Fidelity® VIP Health Care Service Class 2   1,124,791   (724,089)   400,702     2,192,065   (957,802)   1,234,263
Fidelity® VIP Mid Cap Initial Class   -   -   -     -   -   -
Fidelity® VIP Mid Cap Service Class 2   2,729,899   (7,389,117)   (4,659,218)     4,079,255   (5,654,753)   (1,575,498)
Fidelity® VIP Technology Initial Class   12,018,849   (9,064,134)   2,954,715     15,078,290   (5,067,217)   10,011,073
Fidelity® VIP Utilities Initial Class   618,975   (350,131)   268,844     819,245   (710,977)   108,268
Fidelity® VIP Value Strategies Initial Class   -   (1,817)   (1,817)     -   (1,925)   (1,925)
Fidelity® VIP Value Strategies Service Class 2   2,218,337   (1,966,393)   251,944     1,953,890   (1,872,784)   81,106
Franklin Allocation Class 4 Shares   -   (135,627)   (135,627)     1,144   (324,215)   (323,071)
Franklin Income Class 2 Shares   289   (206,852)   (206,563)     63   (204,276)   (204,213)
Franklin Mutual Shares Class 2 Shares   -   (66,971)   (66,971)     39   (65,791)   (65,752)
Franklin Templeton Foreign Class 2 Shares   -   (121,955)   (121,955)     -   (83,527)   (83,527)
Invesco V.I. American Franchise Series II Shares   -   (12,729)   (12,729)     -   (60,526)   (60,526)
Janus Henderson - Enterprise Service Shares   -   (19,905)   (19,905)     -   (50,775)   (50,775)
Janus Henderson - Global Research Service Shares   -   (70,316)   (70,316)     -   (29,224)   (29,224)
Janus Henderson - Mid Cap Value Service Shares   -   (119)   (119)     -   (106)   (106)
LVIP JPMorgan Core Bond Standard Shares   129,992   (21,868)   108,124     9,043   (51,774)   (42,731)
LVIP JPMorgan Mid Cap Value Standard Shares   -   (220,683)   (220,683)     -   (108)   (108)
LVIP JPMorgan Small Cap Core Standard Shares   -   -   -     -   -   -
LVIP JPMorgan U.S. Equity Standard Shares   -   (8,211)   (8,211)     4,986   (151,271)   (146,285)
MFS® New Discovery Service Class   -   (116,346)   (116,346)     -   (124,836)   (124,836)
MFS® Total Return Service Class   39   (89,400)   (89,361)     -   (116,043)   (116,043)
 
66
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
                           
                           
                           
4. Change in Unit Dollars (continued)                           
                           
    Year Ended December 31, 2025     Year Ended December 31, 2024
Subaccount   Units Purchased in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)     Units Purchased  in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)
Putnam VT International Value Class IB Shares   -   (2)   (2)     -   -   -
State Street Total Return V.I.S. Class 3 Shares   179,220   (1,336,618)   (1,157,398)     69,642   (980,115)   (910,473)
TA 60/40 Allocation Service Class $ 1,047,011 $ (1,761,539) $ (714,528)   $ 349,256 $ (639,691) $ (290,435)
TA Aegon Bond Initial Class   291   (29,064)   (28,773)     42,259   (2,111)   40,148
TA Aegon Bond Service Class   1,136,940   (7,028,986)   (5,892,046)     2,496,360   (7,134,249)   (4,637,889)
TA Aegon Core Bond Service Class   3,112,326   (12,706,750)   (9,594,424)     9,978,568   (5,892,533)   4,086,035
TA Aegon High Yield Bond Initial Class   -   (3,709)   (3,709)     4,437   (2,041)   2,396
TA Aegon High Yield Bond Service Class   842,263   (1,763,868)   (921,605)     1,309,376   (1,397,535)   (88,159)
TA Aegon Sustainable Equity Income Initial Class   -   (424,050)   (424,050)     -   (188,726)   (188,726)
TA Aegon Sustainable Equity Income Service Class 381,737   (2,787,158)   (2,405,421)     705,352   (3,237,217)   (2,531,865)
TA Aegon U.S. Government Securities Initial Class   21,340   (21,717)   (377)     137   (2,388)   (2,251)
TA Aegon U.S. Government Securities Service Class 12,152,920   (15,287,248)   (3,134,328)     3,443,008   (17,213,211)   (13,770,203)
TA American Funds Managed Risk - Balanced Service Class   1,184,795   (11,325,701)   (10,140,906)     1,207,712   (9,743,581)   (8,535,869)
TA BlackRock Government Money Market Initial Class 578   (17,036)   (16,458)     2,744   (17,364)   (14,620)
TA BlackRock Government Money Market Service Class   47,820,840   (45,759,148)   2,061,692     45,409,586   (43,113,980)   2,295,606
TA BlackRock iShares Active Asset Allocation - Conservative Service Class   720,949   (3,276,107)   (2,555,158)     947,747   (3,743,635)   (2,795,888)
TA BlackRock iShares Active Asset Allocation - Moderate Service Class   1,185,791   (10,507,802)   (9,322,011)     2,929,767   (11,751,861)   (8,822,094)
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class   582,295   (5,451,187)   (4,868,892)     1,286,086   (6,452,523)   (5,166,437)
TA BlackRock iShares Dynamic Allocation - Balanced Service Class   312,932   (9,547,699)   (9,234,767)     450,684   (8,514,690)   (8,064,006)
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class   496,733   (5,374,965)   (4,878,232)     167,275   (5,969,455)   (5,802,180)
TA BlackRock iShares Edge 100 Service Class   103,790   (747,315)   (643,525)     732,339   (1,119,649)   (387,310)
TA BlackRock iShares Edge 40 Initial Class   -   (7)   (7)     1,312   (7)   1,305
TA BlackRock iShares Edge 40 Service Class   285,095   (5,606,199)   (5,321,104)     592,781   (3,717,398)   (3,124,617)
TA BlackRock iShares Edge 50 Service Class   990,393   (4,604,079)   (3,613,686)     240,824   (4,980,554)   (4,739,730)
 
67
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
                           
                           
                           
4. Change in Unit Dollars (continued)                           
                           
    Year Ended December 31, 2025     Year Ended December 31, 2024
Subaccount   Units Purchased in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)     Units Purchased  in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)
TA BlackRock iShares Edge 75 Service Class   245,898   (2,494,267)   (2,248,369)     512,292   (2,325,539)   (1,813,247)
TA BlackRock iShares Tactical - Balanced Service Class 353,653   (3,997,657)   (3,644,004)     178,716   (3,163,428)   (2,984,712)
TA BlackRock iShares Tactical - Conservative Service Class   289,752   (1,181,831)   (892,079)     197,272   (1,791,726)   (1,594,454)
TA BlackRock iShares Tactical - Growth Service Class $ 864,313 $ (6,156,004) $ (5,291,691)   $ 575,675 $ (4,727,779) $ (4,152,104)
TA BlackRock Real Estate Securities Initial Class   -   (1,946)   (1,946)     1,995   (2,009)   (14)
TA BlackRock Real Estate Securities Service Class   241,563   (977,717)   (736,154)     455,817   (750,185)   (294,368)
TA BlackRock Tactical Allocation Service Class   2,187,879   (12,080,069)   (9,892,190)     687,187   (12,576,601)   (11,889,414)
TA Goldman Sachs 70/30 Service Class   1,523,286   (1,117,901)   405,385     672,925   (91,385)   581,540
TA Goldman Sachs Managed Risk - Balanced ETF Service Class   2,984,045   (41,857,461)   (38,873,416)     3,083,527   (42,868,522)   (39,784,995)
TA Goldman Sachs Managed Risk - Conservative ETF Service Class   1,953,194   (6,088,687)   (4,135,493)     2,159,333   (7,800,508)   (5,641,175)
TA Goldman Sachs Managed Risk - Growth ETF Service Class   3,600,611   (34,157,472)   (30,556,861)     4,595,108   (38,272,379)   (33,677,271)
TA Great Lakes Advisors Large Cap Value Service Class 935,647   (611,261)   324,386     694,894   (532,457)   162,437
TA International Focus Initial Class   -   (11,637)   (11,637)     3,174   (32,143)   (28,969)
TA International Focus Service Class   799,506   (1,339,206)   (539,700)     1,178,791   (1,099,850)   78,941
TA Janus Balanced Service Class   1,580,514   (19,511,861)   (17,931,347)     2,732,513   (18,403,415)   (15,670,902)
TA Janus Mid-Cap Growth Initial Class   -   (532)   (532)     3,324   (346)   2,978
TA Janus Mid-Cap Growth Service Class   1,172,975   (2,471,508)   (1,298,533)     1,439,608   (3,609,172)   (2,169,564)
TA JPMorgan Asset Allocation - Conservative Initial Class -   (1)   (1)     -   -   -
TA JPMorgan Asset Allocation - Conservative Service Class   461,198   (7,591,296)   (7,130,098)     392,460   (7,507,969)   (7,115,509)
TA JPMorgan Asset Allocation - Moderate Initial Class 314,169   (66,019)   248,150     -   -   -
TA JPMorgan Asset Allocation - Moderate Service Class   5,321,801   (39,315,720)   (33,993,919)     2,534,732   (32,670,635)   (30,135,903)
TA JPMorgan Asset Allocation - Moderate Growth Initial Class   -   (36)   (36)     -   (36)   (36)
TA JPMorgan Asset Allocation - Moderate Growth Service Class   1,516,912   (20,197,756)   (18,680,844)     1,874,501   (20,540,551)   (18,666,050)
TA JPMorgan Diversified Equity Allocation Initial Class 218,386   -   218,386     -   (101,564)   (101,564)
 
68
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
                           
                           
                           
4. Change in Unit Dollars (continued)                           
                           
    Year Ended December 31, 2025     Year Ended December 31, 2024
Subaccount   Units Purchased in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)     Units Purchased  in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)
TA JPMorgan Diversified Equity Allocation Service Class   942,016   (1,844,990)   (902,974)     614,218   (1,090,377)   (476,159)
TA JPMorgan Enhanced Index Initial Class   1,682   (150,965)   (149,283)     282   (30,652)   (30,370)
TA JPMorgan Enhanced Index Service Class   5,651,653   (8,273,198)   (2,621,545)     11,992,796   (7,464,481)   4,528,315
TA JPMorgan International Moderate Growth Service Class $ 814,635 $ (4,719,695) $ (3,905,060)   $ 1,099,809 $ (5,183,803) $ (4,083,994)
TA JPMorgan Tactical Allocation Service Class   580,683   (8,048,797)   (7,468,114)     825,977   (8,371,940)   (7,545,963)
TA Madison Diversified Income Service Class   143,873   (928,363)   (784,490)     400,876   (637,679)   (236,803)
TA Market Participation Strategy Service Class   334,970   (4,274,493)   (3,939,523)     325,135   (3,232,140)   (2,907,005)
TA Morgan Stanley Global Allocation Service Class 1,474,975   (10,487,405)   (9,012,430)     2,250,087   (7,022,327)   (4,772,240)
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class   55,313   (2,611,235)   (2,555,922)     498,053   (1,935,151)   (1,437,098)
TA MSCI EAFE Index Service Class   3,014,045   (2,379,755)   634,290     2,620,409   (769,987)   1,850,422
TA Multi-Managed Balanced Initial Class   -   (1)   (1)     -   -   -
TA Multi-Managed Balanced Service Class   1,432,278   (19,719,738)   (18,287,460)     1,507,267   (22,345,501)   (20,838,234)
TA PineBridge Inflation Opportunities Service Class   539,423   (2,756,300)   (2,216,877)     686,911   (2,015,152)   (1,328,241)
TA ProFunds UltraBear Service Class (OAM)   262,732   (170,785)   91,947     713,626   (331,825)   381,801
TA S&P 500 Index Initial Class   -   -   -     -   -   -
TA S&P 500 Index Service Class   43,449,529   (14,908,102)   28,541,427     35,904,916   (14,302,052)   21,602,864
TA Small/Mid Cap Value Initial Class   1,229   (950,848)   (949,619)     -   (6,445)   (6,445)
TA Small/Mid Cap Value Service Class   3,407,309   (3,721,965)   (314,656)     3,068,407   (3,470,380)   (401,973)
TA T. Rowe Price Small Cap Initial Class   1,794   (7,488)   (5,694)     5,786   (23,662)   (17,876)
TA T. Rowe Price Small Cap Service Class   3,514,778   (7,795,765)   (4,280,987)     3,573,772   (7,225,367)   (3,651,595)
TA TSW International Equity Initial Class   21,471   (67,542)   (46,071)     47   (15,212)   (15,165)
TA TSW International Equity Service Class   2,531,981   (2,232,099)   299,882     2,174,845   (805,881)   1,368,964
TA TSW Mid Cap Value Opportunities Service Class   1,124,128   (2,729,491)   (1,605,363)     661,607   (2,425,188)   (1,763,581)
TA WMC US Growth Initial Class   62,416   (737,077)   (674,661)     5,699   (269,974)   (264,275)
TA WMC US Growth Service Class   4,143,236   (15,722,277)   (11,579,041)     9,778,290   (19,707,572)   (9,929,282)
Vanguard® Balanced   1,559,571   (223,070)   1,336,501     941,295   (1,228,429)   (287,134)
 
69
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
                           
                           
                           
4. Change in Unit Dollars (continued)                            
                           
    Year Ended December 31, 2025     Year Ended December 31, 2024
Subaccount   Units Purchased in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)     Units Purchased  in Dollars   Units Redeemed and Transferred to/from in Dollars   Dollar Net Increase (Decrease)
Vanguard® Capital Growth   -   -   -     -   -   -
Vanguard® Conservative Allocation   2,794,745   (208,739)   2,586,006     50,673   (12,427)   38,246
Vanguard® Diversified Value   -   -   -     -   -   -
Vanguard® Equity Income   -   -   -     -   -   -
Vanguard® Equity Index $ - $ - $ -   $ - $ - $ -
Vanguard® Global Bond Index   -   -   -     -   -   -
Vanguard® Growth   -   -   -     -   -   -
Vanguard® High Yield Bond   -   -   -     -   -   -
Vanguard® International   301,483   (10,012)   291,471     692   (18,773)   (18,081)
Vanguard® Mid-Cap Index   3,057,924   (372,568)   2,685,356     2,226,400   (1,379,133)   847,267
Vanguard® Moderate Allocation   790,766   (102,034)   688,732     301,593   (71,419)   230,174
Vanguard® Money Market   -   -   -     -   -   -
Vanguard® Real Estate Index   84,538   (2,152)   82,386     3,044   (4,822)   (1,778)
Vanguard® Short-Term Investment Grade   453,691   (43,992)   409,699     26,796   (41,315)   (14,519)
Vanguard® Total Bond Market Index   1,602   (5,419)   (3,817)     17,049   (6,308)   10,741
Vanguard® Total International Stock Market Index -   -   -     -   -   -
Vanguard® Total Stock Market Index   -   -   -     -   -   -
Voya Global Perspectives Class S Shares   -   -   -     -   -   -
 
70
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights                                    
                                         
                                         
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
AB Balanced Hedged Allocation Class B Shares                                
    12/31/2025 588,193 $21.30 to $14.44 $       3,158,613   1.88 % 0.40 % to 2.70 % 16.89 % to 14.28 %
    12/30/2024 701,882 18.22 to 12.63 3,443,733   1.78   0.40   to 2.70   8.14   to 5.71  
    12/31/2023 860,435 16.85 to 11.95 3,726,253   0.95   0.40   to 2.70   12.21   to 9.71  
    12/31/2022 1,023,232 15.02 to 10.90 4,998,693   3.35   0.40   to 2.70   (19.49)   to (21.29)  
    12/31/2021 1,053,928 18.65 to 13.84 5,577,973   0.24   0.40   to 2.70   12.91   to 10.38  
AB Large Cap Growth Class B Shares                                  
    12/31/2025 33,271 7.78 to 5.39 246,966   -   1.15   to 2.50   11.57   to 10.10  
    12/30/2024 38,190 6.98 to 4.89 255,814   -   1.15   to 2.50   23.52   to 21.89  
    12/31/2023 47,945 5.65 to 4.02 263,304   -   1.15   to 2.50   33.26   to 31.51  
    12/31/2022 60,283 4.24 to 3.05 249,153   -   1.15   to 2.50   (29.50)   to (30.43)  
    12/31/2021 65,373 6.01 to 4.39 384,520   -   1.15   to 2.50   27.19   to 25.52  
AB Relative Value Class B Shares                                  
    12/31/2025 1,760,862 33.40 to 3.31 27,360,126   0.89   0.40   to 2.50   9.76   to 7.51  
    12/30/2024 2,204,207 30.43 to 3.08 29,172,554   1.23   0.40   to 2.50   12.31   to 10.00  
    12/31/2023 2,685,372 27.09 to 2.80 30,433,103   1.29   0.40   to 2.50   11.28   to 9.00  
    12/31/2022 3,155,821 24.35 to 2.56 29,665,837   1.13   0.40   to 2.50   (4.80)   to (6.75)  
    12/31/2021 3,787,700 25.57 to 2.75 32,182,843   0.68   0.40   to 2.50   27.33   to 24.72  
American Funds - Asset Allocation Class 2 Shares                                
    12/31/2025 4,580,196 28.33 to 17.99 54,810,607   2.01   0.60   to 2.80   15.16   to 12.70  
    12/30/2024 5,296,840 24.60 to 15.96 52,923,925   2.23   0.60   to 2.80   15.74   to 13.25  
    12/31/2023 5,874,465 21.25 to 14.10 45,710,451   2.18   0.60   to 2.80   13.59   to 11.17  
    12/31/2022 6,602,190 18.71 to 12.68 45,580,310   1.78   0.60   to 2.80   (13.92)   to (15.76)  
    12/31/2021 7,513,966 21.74 to 15.05 64,268,866   1.46   0.60   to 2.80   14.41   to 11.97  
American Funds - Asset Allocation Class 4 Shares                                
    12/31/2025 518,794 17.72 to 16.00 8,688,173   1.96   0.40   to 2.20   15.13   to 13.08  
    12/30/2024 440,458 15.39 to 14.15 6,464,338   2.16   0.40   to 2.20   15.64   to 13.57  
    12/31/2023 354,776 13.31 to 12.46 4,548,518   2.13   0.40   to 2.20   13.57   to 11.55  
    12/31/2022 302,171 11.72 to 11.17 3,439,760   3.25   0.40   to 2.20   (14.01)   to (15.54)  
    12/31/2021 49,051 13.63 to 13.23 656,896   2.83   0.40   to 2.20   14.38   to 12.34  
American Funds - Growth Class 2 Shares                                  
    12/31/2025 2,049,500 66.70 to 36.67 89,294,470   0.16   0.60   to 2.80   19.51   to 16.96  
    12/30/2024 2,602,519 55.81 to 31.36 87,676,606   0.33   0.60   to 2.80   30.83   to 28.02  
    12/31/2023 2,956,979 42.66 to 24.49 78,648,665   0.35   0.60   to 2.80   37.66   to 34.72  
    12/31/2022 3,540,304 30.99 to 18.18 69,410,498   0.31   0.60   to 2.80   (30.36)   to (31.84)  
    12/31/2021 3,917,333 44.50 to 26.67 109,536,663   0.21   0.60   to 2.80   21.26   to 18.67  
American Funds - Growth Class 4 Shares                                  
    12/31/2025 1,835,665 27.51 to 24.84 47,482,452   0.13   0.33   to 2.13   19.53   to 17.40  
    12/30/2024 1,471,869 23.02 to 21.16 32,206,467   0.17   0.33   to 2.13   30.86   to 28.52  
    12/31/2023 1,161,072 17.59 to 16.47 19,620,231   0.18   0.33   to 2.13   37.68   to 35.24  
    12/31/2022 578,574 12.77 to 12.18 7,173,474   0.11   0.33   to 2.13   (30.34)   to (31.59)  
    12/31/2021 378,712 18.34 to 17.80 6,816,978   0.05   0.33   to 2.13   21.28   to 19.12  
American Funds - Growth-Income Class 2 Shares                                
    12/31/2025 1,138,495 45.92 to 25.46 33,328,441   0.88   0.60   to 2.80   17.36   to 14.85  
    12/30/2024 1,726,401 39.13 to 22.17 35,807,289   1.07   0.60   to 2.80   23.48   to 20.83  
    12/31/2023 1,992,599 31.69 to 18.35 33,963,618   1.26   0.60   to 2.80   25.39   to 22.71  
    12/31/2022 2,494,027 25.27 to 14.95 37,848,279   1.24   0.60   to 2.80   (16.99)   to (18.76)  
    12/31/2021 2,906,650 30.45 to 18.41 52,754,282   1.06   0.60   to 2.80   23.35   to 20.72  
71
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
American Funds - Growth-Income Class 4 Shares                                
    12/31/2025 819,194 $23.37 to $21.11 $     18,029,935   0.82 % 0.33 % to 2.13 % 17.38 % to 15.29 %
    12/30/2024 580,706 19.91 to 18.31 11,011,547   1.00   0.33   to 2.13   23.51   to 21.29  
    12/31/2023 440,404 16.12 to 15.09 6,828,828   1.59   0.33   to 2.13   25.41   to 23.18  
    12/31/2022 167,718 12.86 to 12.25 2,095,316   1.22   0.33   to 2.13   (16.98)   to (18.46)  
    12/31/2021 99,895 15.48 to 15.03 1,520,514   1.55   0.33   to 2.13   23.39   to 21.19  
American Funds - International Class 2 Shares                                
    12/31/2025 2,796,229 19.18 to 14.82 19,730,323   1.25   0.60   to 2.80   26.01   to 23.32  
    12/30/2024 4,037,492 15.22 to 12.02 20,469,193   1.14   0.60   to 2.80   2.54   to 0.33  
    12/31/2023 4,620,914 14.85 to 11.98 22,808,751   1.18   0.60   to 2.80   15.15   to 12.70  
    12/31/2022 5,724,134 12.89 to 10.63 25,590,522   1.71   0.60   to 2.80   (21.26)   to (22.94)  
    12/31/2021 6,542,674 16.37 to 13.79 35,090,632   2.38   0.60   to 2.80   (2.09)   to (4.18)  
American Funds - International Class 4 Shares                                
    12/31/2025 330,057 16.09 to 14.53 5,004,868   1.35   0.33   to 2.13   25.99   to 23.74  
    12/30/2024 278,976 12.77 to 11.74 3,399,660   1.09   0.33   to 2.13   2.59   to 0.75  
    12/31/2023 214,244 12.45 to 11.65 2,575,449   1.39   0.33   to 2.13   15.18   to 13.13  
    12/31/2022 111,450 10.81 to 10.30 1,174,034   1.68   0.33   to 2.13   (21.28)   to (22.68)  
    12/31/2021 83,515 13.73 to 13.32 1,129,244   5.94   0.33   to 2.13   (2.04)   to (3.78)  
American Funds - New World Class 4 Shares                                
    12/31/2025 117,311 18.10 to 16.34 2,003,195   1.14   0.35   to 2.15   27.48   to 25.21  
    12/30/2024 85,563 14.20 to 13.05 1,160,186   1.25   0.35   to 2.15   5.96   to 4.06  
    12/31/2023 72,660 13.40 to 12.54 939,316   1.46   0.35   to 2.15   15.27   to 13.22  
    12/31/2022 47,015 11.63 to 11.08 531,517   1.18   0.35   to 2.15   (22.52)   to (23.90)  
    12/31/2021 26,521 15.00 to 14.56 390,932   1.26   0.35   to 2.15   4.26   to 2.40  
American Funds - The Bond Fund of America Class 2 Shares                            
    12/31/2025 3,594,244 11.90 to 9.61 16,004,251   4.10   0.60   to 2.80   6.62   to 4.34  
    12/30/2024 4,490,813 11.16 to 9.21 17,908,164   3.98   0.60   to 2.80   0.55   to (1.62)  
    12/31/2023 4,423,664 11.10 to 9.36 19,668,943   3.76   0.60   to 2.80   4.39   to 2.17  
    12/31/2022 3,246,215 10.64 to 9.17 15,728,870   2.85   0.60   to 2.80   (13.10)   to (14.96)  
    12/31/2021 3,793,559 12.24 to 10.78 20,360,818   1.33   0.60   to 2.80   (0.90)   to (3.02)  
American Funds - The Bond Fund of America Class 4 Shares                            
    12/31/2025 781,124 10.11 to 9.13 7,450,684   4.59   0.31   to 2.11   6.65   to 4.75  
    12/30/2024 561,145 9.48 to 8.72 5,078,701   4.45   0.31   to 2.11   0.66   to (1.14)  
    12/31/2023 463,343 9.42 to 8.82 4,214,031   4.61   0.31   to 2.11   4.40   to 2.54  
    12/31/2022 203,002 9.02 to 8.60 1,779,049   3.31   0.31   to 2.11   (13.02)   to (14.57)  
    12/31/2021 109,163 10.37 to 10.07 1,113,226   1.93   0.31   to 2.11   (0.89)   to (2.66)  
Columbia - Acorn                                    
    12/31/2025 - 27.82 to 26.57 -   -   0.45   to 0.90   4.00   to 3.53  
    12/30/2024 - 26.75 to 25.67 -   -   0.45   to 0.90   13.66   to 13.15  
    12/31/2023 - 23.54 to 22.68 -   -   0.45   to 0.90   21.19   to 20.65  
    12/31/2022 - 19.42 to 18.80 -   -   0.45   to 0.90   (33.76)   to (34.06)  
    12/31/2021 - 29.32 to 28.51 -   -   0.45   to 0.90   8.41   to 7.92  
Columbia - Acorn International                                  
    12/31/2025 - 15.29 to 14.60 -   -   0.45   to 0.90   12.25   to 11.75  
    12/30/2024 - 13.62 to 13.07 -   -   0.45   to 0.90   (8.66)   to (9.08)  
    12/31/2023 - 14.91 to 14.37 -   -   0.45   to 0.90   16.43   to 15.91  
    12/31/2022 - 12.81 to 12.40 -   -   0.45   to 0.90   (34.14)   to (34.44)  
    12/31/2021 - 19.45 to 18.91 -   -   0.45   to 0.90   18.28   to 17.74  
Dimensional VA Equity Allocation                                  
    12/31/2025 - 19.73 to 19.50 -   -   0.27   to 0.47   19.62   to 19.38  
    12/30/2024 - 16.50 to 16.33 -   -   0.27   to 0.47   14.79   to 14.56  
    12/31/2023 - 14.37 to 14.26 -   -   0.27   to 0.47   19.82   to 19.58  
    12/31/2022 - 11.99 to 11.92 -   -   0.27   to 0.47   (13.91)   to (14.09)  
    12/31/2021 - 13.93 to 13.88 -   -   0.27   to 0.47   24.04   to 23.79  
72
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
Dimensional VA Global Bond                                  
    12/31/2025 24,920 $10.70 to $9.37 $           243,704   5.09 % 0.27 % to 2.60 % 4.07 % to 1.67 %
    12/30/2024 20,694 10.28 to 9.21 197,636   4.78   0.27   to 2.60   5.10   to 2.67  
    12/31/2023 23,806 9.78 to 8.98 220,526   4.45   0.27   to 2.60   4.77   to 2.36  
    12/31/2022 20,449 9.34 to 8.77 183,576   1.74   0.27   to 2.60   (6.59)   to (8.73)  
    12/31/2021 15,360 9.99 to 9.61 149,936   0.55   0.27   to 2.60   (1.31)   to (3.58)  
Dimensional VA Global Moderate Allocation                                
    12/31/2025 - 16.46 to 16.26 -   -   0.27   to 0.47   14.37   to 14.15  
    12/30/2024 - 14.39 to 14.24 -   -   0.27   to 0.47   11.69   to 11.46  
    12/31/2023 - 12.88 to 12.78 -   -   0.27   to 0.47   14.42   to 14.19  
    12/31/2022 - 11.26 to 11.19 -   -   0.27   to 0.47   (11.20)   to (11.37)  
    12/31/2021 - 12.68 to 12.63 -   -   0.27   to 0.47   13.90   to 13.67  
Dimensional VA International Small                                  
    12/31/2025 - 16.72 to 16.52 -   -   0.27   to 0.47   36.62   to 36.35  
    12/30/2024 - 12.24 to 12.12 -   -   0.27   to 0.47   3.54   to 3.33  
    12/31/2023 - 11.82 to 11.73 -   -   0.27   to 0.47   13.80   to 13.58  
    12/31/2022 - 10.39 to 10.33 -   -   0.27   to 0.47   (17.87)   to (18.03)  
    12/31/2021 - 12.65 to 12.60 -   -   0.27   to 0.47   14.26   to 14.03  
Dimensional VA International Value                                  
    12/31/2025 - 20.24 to 19.99 -   -   0.27   to 0.47   45.25   to 44.96  
    12/30/2024 - 13.93 to 13.79 -   -   0.27   to 0.47   6.33   to 6.12  
    12/31/2023 - 13.10 to 13.00 -   -   0.27   to 0.47   17.54   to 17.31  
    12/31/2022 - 11.15 to 11.08 -   -   0.27   to 0.47   (3.72)   to (3.91)  
    12/31/2021 - 11.58 to 11.53 -   -   0.27   to 0.47   17.80   to 17.56  
Dimensional VA Short-Term Fixed                                  
    12/31/2025 - 11.28 to 11.15 -   -   0.27   to 0.47   4.05   to 3.84  
    12/30/2024 - 10.84 to 10.73 -   -   0.27   to 0.47   5.20   to 4.99  
    12/31/2023 - 10.31 to 10.22 -   -   0.27   to 0.47   4.70   to 4.49  
    12/31/2022 - 9.84 to 9.78 -   -   0.27   to 0.47   (1.42)   to (1.62)  
    12/31/2021 - 9.99 to 9.95 -   -   0.27   to 0.47   (0.46)   to (0.66)  
Dimensional VA U.S. Large Value                                  
    12/31/2025 - 17.13 to 16.93 -   -   0.27   to 0.47   15.51   to 15.28  
    12/30/2024 - 14.83 to 14.68 -   -   0.27   to 0.47   13.08   to 12.85  
    12/31/2023 - 13.11 to 13.01 -   -   0.27   to 0.47   10.62   to 10.40  
    12/31/2022 - 11.86 to 11.78 -   -   0.27   to 0.47   (5.13)   to (5.32)  
    12/31/2021 - 12.50 to 12.45 -   -   0.27   to 0.47   26.69   to 26.44  
Dimensional VA U.S. Targeted Value                                  
    12/31/2025 - 19.35 to 19.11 -   -   0.27   to 0.47   8.65   to 8.43  
    12/30/2024 - 17.81 to 17.63 -   -   0.27   to 0.47   7.84   to 7.63  
    12/31/2023 - 16.51 to 16.38 -   -   0.27   to 0.47   19.71   to 19.47  
    12/31/2022 - 13.79 to 13.71 -   -   0.27   to 0.47   (4.47)   to (4.66)  
    12/31/2021 - 14.44 to 14.38 -   -   0.27   to 0.47   39.30   to 39.03  
Fidelity® VIP Balanced Service Class 2                                  
    12/31/2025 3,434,971 32.85 to 20.82 41,028,392   1.58   0.40   to 2.50   14.50   to 12.15  
    12/30/2024 3,857,252 28.69 to 18.57 39,523,435   1.68   0.40   to 2.50   15.16   to 12.79  
    12/31/2023 4,617,010 24.92 to 16.46 37,699,205   1.51   0.40   to 2.50   20.75   to 18.29  
    12/31/2022 5,182,739 20.63 to 13.91 36,390,563   1.05   0.40   to 2.50   (18.51)   to (20.18)  
    12/31/2021 5,493,245 25.32 to 17.43 47,618,986   0.72   0.40   to 2.50   17.52   to 15.11  
Fidelity® VIP Consumer Staples Initial Class                                
    12/31/2025 98,260 14.24 to 12.86 1,317,737   2.07   0.70   to 2.50   (3.66)   to (5.38)  
    12/30/2024 67,272 14.78 to 13.59 948,319   2.43   0.70   to 2.50   4.83   to 2.95  
    12/31/2023 47,083 14.10 to 13.20 640,729   2.09   0.70   to 2.50   2.42   to 0.60  
    12/31/2022 18,218 13.76 to 13.12 244,657   1.56   0.70   to 2.50   (1.31)   to (3.06)  
    12/31/2021 10,034 13.95 to 13.53 138,124   3.06   0.70   to 2.50   13.44   to 11.42  
73
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
Fidelity® VIP Contrafund® Initial Class                                  
    12/31/2025 - $54.23 to $51.87 $                         -   - % 0.65 % to 1.00 % 20.69 % to 20.27 %
    12/30/2024 - 44.93 to 43.13 -   -   0.65   to 1.00   32.92   to 32.45  
    12/31/2023 - 33.80 to 32.56 -   -   0.65   to 1.00   32.59   to 32.13  
    12/31/2022 - 25.49 to 24.64 -   -   0.65   to 1.00   (26.79)   to (27.05)  
    12/31/2021 - 34.82 to 33.78 -   -   0.65   to 1.00   27.01   to 26.56  
Fidelity® VIP Contrafund® Service Class 2                                
    12/31/2025 3,142,210 53.21 to 7.37 87,934,319   -   0.40   to 2.50   20.71   to 18.24  
    12/30/2024 3,724,585 44.08 to 6.23 82,902,007   0.03   0.40   to 2.50   32.91   to 30.18  
    12/31/2023 4,271,528 33.17 to 4.79 69,449,672   0.25   0.40   to 2.50   32.59   to 29.88  
    12/31/2022 4,883,242 25.02 to 3.68 59,223,804   0.25   0.40   to 2.50   (26.78)   to (28.28)  
    12/31/2021 5,640,024 34.16 to 5.14 92,076,436   0.03   0.40   to 2.50   27.00   to 24.40  
Fidelity® VIP Energy Service Class 2                                  
    12/31/2025 142,507 31.16 to 28.14 4,183,919   1.96   0.50   to 2.30   9.79   to 7.83  
    12/30/2024 100,015 28.38 to 26.10 2,706,190   2.02   0.50   to 2.30   3.50   to 1.64  
    12/31/2023 73,201 27.42 to 25.68 1,935,964   2.26   0.50   to 2.30   0.20   to (1.58)  
    12/31/2022 38,239 27.37 to 26.09 1,019,719   2.11   0.50   to 2.30   62.06   to 59.18  
    12/31/2021 5,216 16.89 to 16.39 86,376   7.94   0.50   to 2.30   54.06   to 51.32  
Fidelity® VIP Equity-Income Service Class 2                                
    12/31/2025 78,773 3.56 to 3.49 314,465   1.56   1.15   to 2.50   17.40   to 15.85  
    12/30/2024 110,569 3.03 to 3.01 359,222   1.54   1.15   to 2.50   13.74   to 12.24  
    12/31/2023 146,442 2.67 to 2.68 435,509   1.71   1.15   to 2.50   9.13   to 7.69  
    12/31/2022 161,930 2.44 to 2.49 438,088   1.72   1.15   to 2.50   (6.32)   to (7.55)  
    12/31/2021 168,699 2.61 to 2.69 487,336   1.62   1.15   to 2.50   23.19   to 21.57  
Fidelity® VIP Growth Service Class 2                                  
    12/31/2025 164,498 8.31 to 5.89 1,242,089   0.05   1.15   to 2.50   13.31   to 11.82  
    12/30/2024 173,882 7.33 to 5.27 1,154,842   -   1.15   to 2.50   28.59   to 26.89  
    12/31/2023 180,484 5.70 to 4.15 934,357   -   1.15   to 2.50   34.35   to 32.59  
    12/31/2022 190,522 4.25 to 3.13 736,401   0.35   1.15   to 2.50   (25.50)   to (26.48)  
    12/31/2021 197,442 5.70 to 4.26 1,025,804   -   1.15   to 2.50   21.51   to 19.91  
Fidelity® VIP Growth Opportunities Service Class 2                              
    12/31/2025 894 9.81 to 7.12 6,611   -   1.25   to 1.55   20.13   to 19.78  
    12/30/2024 934 8.16 to 5.95 5,762   -   1.25   to 1.55   36.84   to 36.43  
    12/31/2023 975 5.97 to 4.36 4,402   -   1.25   to 1.55   43.52   to 43.09  
    12/31/2022 1,016 4.16 to 3.05 3,200   -   1.25   to 1.55   (39.08)   to (39.26)  
    12/31/2021 1,060 6.82 to 5.01 5,491   -   1.25   to 1.55   10.29   to 9.97  
Fidelity® VIP Health Care Service Class 2                                  
    12/31/2025 326,898 14.20 to 12.83 4,366,401   0.17   0.50   to 2.30   13.53   to 11.50  
    12/30/2024 294,915 12.51 to 11.50 3,509,331   -   0.50   to 2.30   4.33   to 2.46  
    12/31/2023 190,312 11.99 to 11.23 2,196,885   -   0.50   to 2.30   3.49   to 1.65  
    12/31/2022 62,065 11.59 to 11.04 701,256   -   0.50   to 2.30   (13.05)   to (14.60)  
    12/31/2021 38,882 13.33 to 12.93 509,544   -   0.50   to 2.30   10.89   to 8.91  
Fidelity® VIP Mid Cap Initial Class                                  
    12/31/2025 - 33.02 to 31.59 -   -   0.65   to 1.00   11.03   to 10.64  
    12/30/2024 - 29.74 to 28.55 -   -   0.65   to 1.00   16.73   to 16.32  
    12/31/2023 - 25.48 to 24.55 -   -   0.65   to 1.00   14.33   to 13.93  
    12/31/2022 - 22.28 to 21.54 -   -   0.65   to 1.00   (15.30)   to (15.59)  
    12/31/2021 - 26.31 to 25.52 -   -   0.65   to 1.00   24.79   to 24.35  
Fidelity® VIP Mid Cap Service Class 2                                  
    12/31/2025 1,426,841 32.40 to 5.76 28,145,017   0.24   0.40   to 2.50   11.04   to 8.77  
    12/30/2024 1,782,337 29.17 to 5.30 30,440,438   0.34   0.40   to 2.50   16.71   to 14.30  
    12/31/2023 1,907,047 25.00 to 4.63 27,720,569   0.38   0.40   to 2.50   14.34   to 12.01  
    12/31/2022 1,936,978 21.86 to 4.14 25,634,002   0.26   0.40   to 2.50   (15.31)   to (17.04)  
    12/31/2021 2,271,223 25.81 to 4.99 36,126,112   0.35   0.40   to 2.50   24.81   to 22.25  
74
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
Fidelity® VIP Technology Initial Class                                  
    12/31/2025 1,167,718 $33.65 to $30.39 $     36,949,640   - % 0.70 % to 2.50 % 21.91 % to 19.74 %
    12/30/2024 1,043,291 27.60 to 25.38 27,346,745   -   0.70   to 2.50   34.64   to 32.23  
    12/31/2023 608,719 20.50 to 19.19 11,957,032   0.22   0.70   to 2.50   57.22   to 54.43  
    12/31/2022 108,242 13.04 to 12.43 1,370,236   -   0.70   to 2.50   (36.30)   to (37.44)  
    12/31/2021 48,298 20.47 to 19.87 971,215   -   0.70   to 2.50   27.27   to 25.00  
Fidelity® VIP Utilities Initial Class                                  
    12/31/2025 72,579 20.17 to 18.22 1,380,447   1.79   0.70   to 2.50   13.31   to 11.29  
    12/30/2024 57,194 17.80 to 16.37 969,786   2.30   0.70   to 2.50   28.10   to 25.80  
    12/31/2023 50,198 13.90 to 13.01 671,730   2.33   0.70   to 2.50   (1.72)   to (3.47)  
    12/31/2022 28,642 14.14 to 13.48 393,957   1.35   0.70   to 2.50   4.69   to 2.83  
    12/31/2021 10,091 13.51 to 13.11 133,925   3.32   0.70   to 2.50   16.68   to 14.60  
Fidelity® VIP Value Strategies Initial Class                                
    12/31/2025 326 31.65 to 30.28 10,310   1.06   0.65   to 1.00   7.29   to 6.91  
    12/30/2024 389 29.50 to 28.32 11,464   0.98   0.65   to 1.00   8.69   to 8.31  
    12/31/2023 456 27.14 to 26.15 12,376   1.12   0.65   to 1.00   20.07   to 19.65  
    12/31/2022 535 22.61 to 21.86 12,093   0.89   0.65   to 1.00   (7.63)   to (7.95)  
    12/31/2021 835 24.47 to 23.74 20,440   1.40   0.65   to 1.00   32.73   to 32.27  
Fidelity® VIP Value Strategies Service Class 2                                
    12/31/2025 798,335 31.05 to 4.89 13,521,550   0.84   0.40   to 2.50   7.27   to 5.07  
    12/30/2024 819,443 28.95 to 4.65 12,443,172   0.79   0.40   to 2.50   8.72   to 6.48  
    12/31/2023 830,022 26.63 to 4.37 11,404,445   0.80   0.40   to 2.50   20.13   to 17.67  
    12/31/2022 996,935 22.16 to 3.71 12,431,698   0.82   0.40   to 2.50   (7.72)   to (9.60)  
    12/31/2021 1,013,665 24.02 to 4.11 13,696,957   1.26   0.40   to 2.50   32.81   to 30.09  
Franklin Allocation Class 4 Shares                                  
    12/31/2025 307,692 3.08 to 13.92 893,326   1.81   1.30   to 2.65   11.08   to 9.62  
    12/30/2024 355,491 2.77 to 12.70 935,227   1.89   1.30   to 2.65   7.48   to 6.06  
    12/31/2023 480,475 2.58 to 11.97 1,179,050   1.31   1.30   to 2.65   13.16   to 11.67  
    12/31/2022 535,209 2.28 to 10.72 1,165,537   1.52   1.30   to 2.65   (17.27)   to (18.35)  
    12/31/2021 639,238 2.76 to 13.13 1,691,347   1.55   1.30   to 2.65   10.10   to 8.66  
Franklin Income Class 2 Shares                                  
    12/31/2025 465,327 2.20 to 1.93 992,681   5.15   1.15   to 2.50   11.28   to 9.81  
    12/30/2024 569,206 1.98 to 1.76 1,093,571   5.27   1.15   to 2.50   5.98   to 4.57  
    12/31/2023 678,872 1.86 to 1.68 1,234,609   5.14   1.15   to 2.50   7.39   to 5.98  
    12/31/2022 795,548 1.74 to 1.59 1,350,813   4.87   1.15   to 2.50   (6.55)   to (7.77)  
    12/31/2021 876,578 1.86 to 1.72 1,597,712   4.61   1.15   to 2.50   15.43   to 13.91  
Franklin Mutual Shares Class 2 Shares                                  
    12/31/2025 95,669 2.12 to 2.35 201,688   1.92   1.15   to 2.50   10.25   to 8.80  
    12/30/2024 129,988 1.92 to 2.16 248,969   1.81   1.15   to 2.50   10.00   to 8.54  
    12/31/2023 165,644 1.74 to 1.99 288,330   1.88   1.15   to 2.50   12.18   to 10.70  
    12/31/2022 182,116 1.56 to 1.80 283,160   1.84   1.15   to 2.50   (8.48)   to (9.69)  
    12/31/2021 188,619 1.70 to 1.99 321,495   2.77   1.15   to 2.50   17.81   to 16.26  
Franklin Templeton Foreign Class 2 Shares                                
    12/31/2025 421,077 1.46 to 1.51 589,466   2.38   1.15   to 2.50   27.73   to 26.05  
    12/30/2024 518,072 1.14 to 1.20 568,394   2.46   1.15   to 2.50   (2.13)   to (3.43)  
    12/31/2023 590,345 1.17 to 1.24 664,208   3.21   1.15   to 2.50   19.39   to 17.82  
    12/31/2022 625,481 0.98 to 1.05 591,539   3.06   1.15   to 2.50   (8.65)   to (9.86)  
    12/31/2021 685,530 1.07 to 1.17 712,329   1.83   1.15   to 2.50   2.97   to 1.62  
Invesco V.I. American Franchise Series II Shares                                
    12/31/2025 25,594 5.14 to 4.29 122,239   -   1.15   to 2.50   10.12   to 8.67  
    12/30/2024 28,284 4.67 to 3.95 123,168   -   1.15   to 2.50   33.02   to 31.26  
    12/31/2023 43,068 3.51 to 3.01 143,184   -   1.15   to 2.50   39.00   to 37.18  
    12/31/2022 47,554 2.53 to 2.19 114,156   -   1.15   to 2.50   (32.08)   to (32.97)  
    12/31/2021 50,538 3.72 to 3.27 179,391   -   1.15   to 2.50   10.38   to 8.92  
75
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
Janus Henderson - Enterprise Service Shares                                
    12/31/2025 21,340 $6.48 to $5.12 $           152,638   0.17 % 1.15 % to 2.50 % 6.19 % to 4.80 %
    12/30/2024 23,755 6.10 to 4.88 163,149   0.66   1.15   to 2.50   14.00   to 12.49  
    12/31/2023 29,911 5.35 to 4.34 187,980   0.08   1.15   to 2.50   16.44   to 14.91  
    12/31/2022 37,065 4.60 to 3.78 195,139   0.27   1.15   to 2.50   (17.10)   to (18.19)  
    12/31/2021 38,423 5.54 to 4.62 244,588   0.21   1.15   to 2.50   15.22   to 13.70  
Janus Henderson - Global Research Service Shares                                
    12/31/2025 69,395 4.17 to 3.05 248,119   0.61   1.15   to 2.50   19.23   to 17.66  
    12/30/2024 91,917 3.50 to 2.59 271,083   0.59   1.15   to 2.50   21.86   to 20.24  
    12/31/2023 101,935 2.87 to 2.15 250,048   0.77   1.15   to 2.50   25.04   to 23.40  
    12/31/2022 106,911 2.30 to 1.74 210,627   1.49   1.15   to 2.50   (20.52)   to (21.57)  
    12/31/2021 111,996 2.89 to 2.22 278,799   0.37   1.15   to 2.50   16.46   to 14.92  
Janus Henderson - Mid Cap Value Service Shares                                
    12/31/2025 699 4.07 to 3.76 2,731   1.44   1.25   to 1.55   4.98   to 4.67  
    12/30/2024 731 3.87 to 3.60 2,724   0.84   1.25   to 1.55   11.40   to 11.07  
    12/31/2023 763 3.48 to 3.24 2,556   0.97   1.25   to 1.55   9.74   to 9.42  
    12/31/2022 795 3.17 to 2.96 2,430   1.17   1.25   to 1.55   (6.94)   to (7.21)  
    12/31/2021 830 3.41 to 3.19 2,730   0.31   1.25   to 1.55   17.95   to 17.60  
LVIP JPMorgan Core Bond Standard Shares                                
    12/31/2025 257,968 1.38 to 9.71 347,348   4.36   1.25   to 2.50   6.08   to 4.78  
    12/30/2024 174,715 1.30 to 9.26 222,519   4.09   1.25   to 2.50   0.46   to (0.77)  
    12/31/2023(1) 208,130 1.29 to 9.33 264,335   1.59   1.25   to 2.50   -   to -  
LVIP JPMorgan Mid Cap Value Standard Shares                                
    12/31/2025 7,400 5.62 to 15.95 40,585   1.04   1.25   to 2.50   3.42   to 2.16  
    12/30/2024 47,852 5.44 to 15.61 259,187   1.27   1.25   to 2.50   12.87   to 11.48  
    12/31/2023(1) 47,875 4.82 to 14.00 229,799   1.96   1.25   to 2.50   -   to -  
LVIP JPMorgan Small Cap Core Standard Shares                                
    12/31/2025 - 5.47 to 15.48 -   -   1.25   to 2.50   8.91   to 7.58  
    12/30/2024 - 5.03 to 14.39 -   -   1.25   to 2.50   10.32   to 8.97  
    12/31/2023(1) - 4.56 to 13.21 -   -   1.25   to 2.50   -   to -  
LVIP JPMorgan U.S. Equity Standard Shares                                
    12/31/2025 6,262 9.08 to 28.38 55,479   0.44   1.25   to 2.50   13.13   to 11.75  
    12/30/2024 7,245 8.03 to 25.40 56,823   0.38   1.25   to 2.50   22.45   to 20.95  
    12/31/2023(1) 28,360 6.56 to 21.00 183,942   0.83   1.25   to 2.50   -   to -  
MFS® New Discovery Service Class                                  
    12/31/2025 169,711 4.76 to 4.62 834,535   -   1.15   to 2.50   11.28   to 9.81  
    12/30/2024 193,727 4.28 to 4.21 863,952   -   1.15   to 2.50   5.22   to 3.83  
    12/31/2023 222,420 4.07 to 4.05 943,449   -   1.15   to 2.50   12.96   to 11.48  
    12/31/2022 246,232 3.60 to 3.64 921,613   -   1.15   to 2.50   (30.79)   to (31.70)  
    12/31/2021 268,845 5.20 to 5.32 1,465,956   -   1.15   to 2.50   0.42   to (0.91)  
MFS® Total Return Service Class                                  
    12/31/2025 201,023 2.65 to 2.52 548,668   2.41   1.15   to 2.50   9.65   to 8.21  
    12/30/2024 238,110 2.42 to 2.33 587,314   2.24   1.15   to 2.50   6.23   to 4.82  
    12/31/2023 283,851 2.28 to 2.22 668,036   1.83   1.15   to 2.50   8.97   to 7.54  
    12/31/2022 299,284 2.09 to 2.07 647,086   1.50   1.15   to 2.50   (10.86)   to (12.03)  
    12/31/2021 350,267 2.34 to 2.35 853,737   1.61   1.15   to 2.50   12.54   to 11.06  
Putnam VT International Value Class IB Shares                                
    12/31/2025(1) - 10.50 to 10.46 -   -   0.35   to 2.15   -   to -  
State Street Total Return V.I.S. Class 3 Shares                                
    12/31/2025 543,472 20.57 to 14.45 3,044,163   1.94   0.40   to 2.70   15.02   to 12.45  
    12/30/2024 716,919 17.88 to 12.85 3,783,001   3.96   0.40   to 2.70   10.61   to 8.12  
    12/31/2023 911,671 16.16 to 11.89 4,320,373   2.29   0.40   to 2.70   14.75   to 12.19  
    12/31/2022 981,569 14.09 to 10.60 3,490,607   0.43   0.40   to 2.70   (17.05)   to (18.91)  
    12/31/2021 1,045,636 16.98 to 13.07 4,194,401   1.88   0.40   to 2.70   12.75   to 10.23  
76
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
TA 60/40 Allocation Service Class                                  
    12/31/2025 758,414 $18.76 to $16.34 $     13,048,160   2.13 % 0.20 % to 2.00 % 14.67 % to 12.63 %
    12/30/2024 803,555 16.36 to 14.51 12,191,288   1.48   0.20   to 2.00   12.11   to 10.10  
    12/31/2023 823,907 14.59 to 13.18 11,276,002   1.24   0.20   to 2.00   15.72   to 13.66  
    12/31/2022 239,154 12.61 to 11.60 2,881,025   1.08   0.20   to 2.00   (13.97)   to (15.50)  
    12/31/2021 155,670 14.66 to 13.72 2,206,624   0.90   0.20   to 2.00   13.06   to 11.05  
TA Aegon Bond Initial Class                                  
    12/31/2025 124,188 1.76 to 1.30 210,738   6.63   1.25   to 2.50   5.80   to 4.51  
    12/30/2024 141,205 1.66 to 1.25 226,805   4.16   1.25   to 2.50   0.87   to (0.37)  
    12/31/2023 116,664 1.65 to 1.25 186,045   0.94   1.25   to 2.50   5.14   to 3.86  
    12/31/2022 130,235 1.57 to 1.21 197,832   2.67   1.25   to 2.50   (15.89)   to (16.91)  
    12/31/2021 139,582 1.86 to 1.45 252,453   1.53   1.25   to 2.50   (2.10)   to (3.29)  
TA Aegon Bond Service Class                                  
    12/31/2025 10,279,935 11.63 to 9.34 36,239,872   6.15   0.20   to 2.50   6.57   to 4.14  
    12/30/2024 12,192,398 10.91 to 8.97 40,130,787   3.91   0.20   to 2.50   1.67   to (0.65)  
    12/31/2023 13,977,065 10.73 to 9.03 44,556,414   0.62   0.20   to 2.50   5.97   to 3.57  
    12/31/2022 16,746,853 10.13 to 8.72 50,609,656   2.29   0.20   to 2.50   (15.25)   to (17.18)  
    12/31/2021 19,660,122 11.95 to 10.52 69,915,764   1.26   0.20   to 2.50   (1.27)   to (3.51)  
TA Aegon Core Bond Service Class                                  
    12/31/2025 4,494,280 11.86 to 9.46 24,481,474   2.08   0.20   to 2.50   6.52   to 4.13  
    12/30/2024 5,866,792 11.13 to 9.09 32,712,715   4.49   0.20   to 2.50   0.97   to (1.31)  
    12/31/2023 6,324,440 11.03 to 9.21 28,703,979   1.97   0.20   to 2.50   5.57   to 3.21  
    12/31/2022 8,154,322 10.44 to 8.92 36,093,509   2.36   0.20   to 2.50   (13.17)   to (15.11)  
    12/31/2021 9,363,916 12.03 to 10.51 44,991,456   2.35   0.20   to 2.50   (1.46)   to (3.67)  
TA Aegon High Yield Bond Initial Class                                  
    12/31/2025 24,559 16.91 to 2.47 79,096   6.95   0.45   to 2.50   7.97   to 5.82  
    12/30/2024 25,517 15.66 to 2.33 77,476   5.22   0.45   to 2.50   6.95   to 4.80  
    12/31/2023 24,272 14.64 to 2.23 70,677   4.55   0.45   to 2.50   10.61   to 8.40  
    12/31/2022 22,100 13.24 to 2.06 60,147   5.83   0.45   to 2.50   (11.52)   to (13.29)  
    12/31/2021 22,739 14.96 to 2.37 74,411   5.24   0.45   to 2.50   5.87   to 3.75  
TA Aegon High Yield Bond Service Class                                  
    12/31/2025 882,182 16.48 to 12.11 6,469,421   6.22   0.20   to 2.50   8.05   to 5.63  
    12/30/2024 1,039,352 15.25 to 11.46 6,978,910   4.94   0.20   to 2.50   6.93   to 4.52  
    12/31/2023 1,112,801 14.26 to 10.97 6,656,087   4.18   0.20   to 2.50   10.65   to 8.17  
    12/31/2022 1,180,005 12.89 to 10.14 6,245,245   5.30   0.20   to 2.50   (11.63)   to (13.61)  
    12/31/2021 1,381,562 14.59 to 11.74 8,307,062   5.12   0.20   to 2.50   6.04   to 3.66  
TA Aegon Sustainable Equity Income Initial Class                                
    12/31/2025 631,714 24.40 to 2.45 2,423,853   1.65   0.45   to 2.50   10.76   to 8.55  
    12/30/2024 747,335 22.03 to 2.26 2,618,044   2.06   0.45   to 2.50   16.40   to 14.06  
    12/31/2023 803,482 18.92 to 1.98 2,439,643   2.21   0.45   to 2.50   5.81   to 3.70  
    12/31/2022 849,455 17.88 to 1.91 2,458,819   2.19   0.45   to 2.50   (12.02)   to (13.78)  
    12/31/2021 890,018 20.33 to 2.21 2,952,898   2.13   0.45   to 2.50   21.87   to 19.44  
TA Aegon Sustainable Equity Income Service Class                                
    12/31/2025 1,264,032 23.75 to 13.71 11,530,825   1.41   0.20   to 2.50   10.77   to 8.28  
    12/30/2024 1,529,653 21.44 to 12.66 12,836,176   1.77   0.20   to 2.50   16.37   to 13.74  
    12/31/2023 1,932,898 18.42 to 11.13 13,426,952   1.71   0.20   to 2.50   5.79   to 3.43  
    12/31/2022 2,871,545 17.41 to 10.76 18,248,980   1.89   0.20   to 2.50   (12.02)   to (13.99)  
    12/31/2021 3,326,417 19.79 to 12.51 22,598,642   1.82   0.20   to 2.50   21.88   to 19.14  
TA Aegon U.S. Government Securities Initial Class                                
    12/31/2025 74,283 1.45 to 1.05 145,000   3.66   1.25   to 2.50   4.54   to 3.27  
    12/30/2024 74,649 1.39 to 1.02 139,589   3.69   1.25   to 2.50   (0.92)   to (2.13)  
    12/31/2023 75,855 1.40 to 1.04 143,369   1.93   1.25   to 2.50   2.72   to 1.47  
    12/31/2022 126,100 1.37 to 1.03 232,372   1.07   1.25   to 2.50   (14.10)   to (15.14)  
    12/31/2021 131,987 1.59 to 1.21 283,560   2.15   1.25   to 2.50   (3.60)   to (4.77)  
77
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
TA Aegon U.S. Government Securities Service Class                              
    12/31/2025 3,877,798 $10.66 to $8.75 $     14,833,762   3.13 % 0.20 % to 2.50 % 5.35 % to 2.96 %
    12/30/2024 4,668,024 10.12 to 8.50 17,288,047   2.85   0.20   to 2.50   (0.04)   to (2.33)  
    12/31/2023 7,722,277 10.12 to 8.71 31,339,688   1.40   0.20   to 2.50   3.48   to 1.13  
    12/31/2022 9,815,780 9.78 to 8.61 40,751,892   0.86   0.20   to 2.50   (13.47)   to (15.43)  
    12/31/2021 6,006,985 11.30 to 10.18 24,951,886   1.62   0.20   to 2.50   (2.73)   to (4.94)  
TA American Funds Managed Risk - Balanced Service Class                            
    12/31/2025 3,792,584 18.66 to 14.87 63,024,040   1.59   0.20   to 2.50   11.26   to 8.77  
    12/30/2024 4,444,270 16.77 to 13.67 67,133,209   1.58   0.20   to 2.50   14.14   to 11.56  
    12/31/2023 5,036,259 14.69 to 12.26 67,431,207   2.18   0.20   to 2.50   10.17   to 7.70  
    12/31/2022 5,689,328 13.33 to 11.38 69,873,744   1.54   0.20   to 2.50   (11.60)   to (13.58)  
    12/31/2021 5,682,199 15.08 to 13.17 79,872,987   0.86   0.20   to 2.50   12.85   to 10.32  
TA BlackRock Government Money Market Initial Class                              
    12/31/2025 108,724 1.09 to 0.80 154,262   4.00   1.25   to 2.50   2.78   to 1.53  
    12/30/2024 120,445 1.06 to 0.79 166,513   4.93   1.25   to 2.50   3.74   to 2.46  
    12/31/2023 131,173 1.02 to 0.77 175,073   4.72   1.25   to 2.50   3.57   to 2.31  
    12/31/2022 229,074 0.98 to 0.75 295,641   1.33   1.25   to 2.50   0.16   to (1.06)  
    12/31/2021 271,390 0.98 to 0.76 350,223   -   1.25   to 2.50   (1.23)   to (2.44)  
TA BlackRock Government Money Market Service Class                            
    12/31/2025 7,671,450 11.47 to 0.78 41,792,034   3.74   0.20   to 2.50   3.60   to 1.24  
    12/30/2024 8,023,849 11.07 to 0.77 38,625,369   4.66   0.20   to 2.50   4.57   to 2.18  
    12/31/2023 8,205,812 10.59 to 0.75 35,008,333   4.56   0.20   to 2.50   4.45   to 2.09  
    12/31/2022 10,214,576 10.14 to 0.74 38,260,787   1.41   0.20   to 2.50   1.20   to (1.09)  
    12/31/2021 9,512,930 10.02 to 0.75 36,950,519   -   0.20   to 2.50   (0.20)   to (2.47)  
TA BlackRock iShares Active Asset Allocation - Conservative Service Class                          
    12/31/2025 2,655,812 15.11 to 1.18 10,919,269   2.53   0.20   to 2.50   8.44   to 5.97  
    12/30/2024 3,242,937 13.94 to 1.11 12,690,525   2.14   0.20   to 2.50   6.26   to 3.83  
    12/31/2023 3,994,134 13.12 to 1.07 14,798,502   1.50   0.20   to 2.50   9.74   to 7.25  
    12/31/2022 4,431,508 11.95 to 1.00 13,796,449   1.30   0.20   to 2.50   (15.46)   to (17.38)  
    12/31/2021 4,815,264 14.14 to 1.21 18,573,065   1.07   0.20   to 2.50   5.53   to 3.13  
TA BlackRock iShares Active Asset Allocation - Moderate Service Class                          
    12/31/2025 10,445,910 15.90 to 1.29 62,094,891   2.18   0.20   to 2.50   9.28   to 6.79  
    12/30/2024 12,041,781 14.55 to 1.21 66,535,420   1.80   0.20   to 2.50   8.84   to 6.35  
    12/31/2023 13,765,184 13.37 to 1.14 70,117,869   1.46   0.20   to 2.50   13.14   to 10.58  
    12/31/2022 14,052,695 11.82 to 1.03 54,207,132   1.31   0.20   to 2.50   (17.30)   to (19.18)  
    12/31/2021 16,185,797 14.29 to 1.27 75,482,030   0.87   0.20   to 2.50   8.11   to 5.66  
TA BlackRock iShares Active Asset Allocation - Moderate Growth Service Class                          
    12/31/2025 5,107,959 16.41 to 1.28 27,116,260   1.78   0.20   to 2.50   10.42   to 7.91  
    12/30/2024 6,019,108 14.86 to 1.18 29,586,686   1.52   0.20   to 2.50   12.28   to 9.72  
    12/31/2023 7,243,993 13.24 to 1.08 31,490,845   1.38   0.20   to 2.50   17.39   to 14.73  
    12/31/2022 7,266,150 11.28 to 0.94 27,278,932   1.28   0.20   to 2.50   (18.48)   to (20.33)  
    12/31/2021 8,118,166 13.83 to 1.18 37,511,660   0.54   0.20   to 2.50   7.41   to 4.96  
TA BlackRock iShares Dynamic Allocation - Balanced Service Class                          
    12/31/2025 6,270,113 16.08 to 1.23 44,476,512   2.31   0.20   to 2.50   9.20   to 6.72  
    12/30/2024 8,332,199 14.73 to 1.15 50,226,173   1.93   0.20   to 2.50   8.53   to 6.05  
    12/31/2023 9,648,025 13.57 to 1.09 54,519,221   1.39   0.20   to 2.50   12.43   to 9.89  
    12/31/2022 10,889,689 12.07 to 0.99 55,054,334   1.14   0.20   to 2.50   (16.06)   to (17.96)  
    12/31/2021 12,404,398 14.38 to 1.20 74,369,099   0.56   0.20   to 2.50   8.95   to 6.47  
TA BlackRock iShares Dynamic Allocation - Moderate Growth Service Class                          
    12/31/2025 3,336,529 18.54 to 1.51 27,370,914   1.93   0.20   to 2.50   10.13   to 7.63  
    12/30/2024 4,049,491 16.84 to 1.40 29,881,744   1.60   0.20   to 2.50   12.29   to 9.72  
    12/31/2023 4,962,240 15.00 to 1.28 32,332,081   1.28   0.20   to 2.50   17.04   to 14.39  
    12/31/2022 5,779,678 12.81 to 1.12 33,238,713   1.13   0.20   to 2.50   (17.08)   to (18.97)  
    12/31/2021 6,631,230 15.45 to 1.38 46,610,794   0.28   0.20   to 2.50   14.18   to 11.58  
78
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
TA BlackRock iShares Edge 100 Service Class                                
    12/31/2025 240,907 $25.75 to $19.79 $       5,618,566   1.46 % 0.20 % to 2.50 % 18.30 % to 15.65 %
    12/30/2024 270,937 21.77 to 17.11 5,401,552   1.30   0.20   to 2.50   14.76   to 12.17  
    12/31/2023 288,766 18.97 to 15.25 5,070,984   1.88   0.20   to 2.50   14.25   to 11.69  
    12/31/2022 282,327 16.60 to 13.66 4,385,091   1.30   0.20   to 2.50   (15.92)   to (17.81)  
    12/31/2021 1,793,196 19.75 to 16.62 34,043,148   0.94   0.20   to 2.50   18.12   to 15.47  
TA BlackRock iShares Edge 40 Initial Class                                
    12/31/2025 31,253 2.37 to 1.89 71,559   3.11   1.25   to 2.50   10.26   to 8.92  
    12/30/2024 31,256 2.15 to 1.74 65,002   2.73   1.25   to 2.50   5.38   to 4.09  
    12/31/2023 30,592 2.04 to 1.67 60,460   2.31   1.25   to 2.50   8.10   to 6.79  
    12/31/2022 29,863 1.89 to 1.56 54,677   1.91   1.25   to 2.50   (15.30)   to (16.33)  
    12/31/2021 30,144 2.23 to 1.87 65,258   1.78   1.25   to 2.50   4.78   to 3.50  
TA BlackRock iShares Edge 40 Service Class                                
    12/31/2025 2,452,749 16.36 to 1.38 13,977,866   2.74   0.20   to 2.50   11.20   to 8.71  
    12/30/2024 3,095,978 14.71 to 1.27 17,854,748   2.41   0.20   to 2.50   6.26   to 3.87  
    12/31/2023 3,651,739 13.84 to 1.22 20,025,826   1.99   0.20   to 2.50   8.85   to 6.41  
    12/31/2022 4,347,245 12.72 to 1.14 22,245,506   1.60   0.20   to 2.50   (14.61)   to (16.52)  
    12/31/2021 5,021,714 14.89 to 1.37 27,407,560   1.56   0.20   to 2.50   5.56   to 3.19  
TA BlackRock iShares Edge 50 Service Class                                
    12/31/2025 2,224,662 17.23 to 13.73 34,543,255   2.38   0.20   to 2.50   12.13   to 9.61  
    12/30/2024 2,471,749 15.36 to 12.52 34,608,515   2.14   0.20   to 2.50   7.58   to 5.15  
    12/31/2023 2,817,659 14.28 to 11.91 37,056,258   1.75   0.20   to 2.50   9.57   to 7.12  
    12/31/2022 2,976,776 13.03 to 11.12 36,127,328   1.30   0.20   to 2.50   (14.65)   to (16.57)  
    12/31/2021 3,158,090 15.27 to 13.33 45,395,276   1.14   0.20   to 2.50   7.53   to 5.11  
TA BlackRock iShares Edge 75 Service Class                                
    12/31/2025 895,852 21.04 to 16.59 16,997,099   1.91   0.20   to 2.50   15.24   to 12.66  
    12/30/2024 1,021,016 18.26 to 14.73 16,979,925   1.88   0.20   to 2.50   11.17   to 8.66  
    12/31/2023 1,133,895 16.42 to 13.55 17,151,697   1.74   0.20   to 2.50   11.87   to 9.36  
    12/31/2022 1,242,904 14.68 to 12.39 16,990,510   1.37   0.20   to 2.50   (15.23)   to (17.13)  
    12/31/2021 2,241,043 17.32 to 14.95 36,791,559   1.08   0.20   to 2.50   12.71   to 10.18  
TA BlackRock iShares Tactical - Balanced Service Class                              
    12/31/2025 3,543,962 17.80 to 1.29 19,017,241   3.22   0.20   to 2.50   12.77   to 10.25  
    12/30/2024 4,217,287 15.78 to 1.17 20,517,244   3.58   0.20   to 2.50   8.47   to 6.02  
    12/31/2023 4,845,464 14.55 to 1.11 22,004,203   1.03   0.20   to 2.50   10.43   to 7.96  
    12/31/2022 5,791,915 13.17 to 1.02 23,146,317   0.55   0.20   to 2.50   (19.81)   to (21.61)  
    12/31/2021 6,640,839 16.43 to 1.31 32,844,876   -   0.20   to 2.50   6.18   to 3.80  
TA BlackRock iShares Tactical - Conservative Service Class                            
    12/31/2025 1,672,716 16.29 to 1.22 10,338,156   3.38   0.20   to 2.50   10.43   to 7.96  
    12/30/2024 1,859,962 14.75 to 1.13 10,335,359   3.56   0.20   to 2.50   6.00   to 3.61  
    12/31/2023 2,381,413 13.92 to 1.09 11,402,854   1.20   0.20   to 2.50   7.02   to 4.63  
    12/31/2022 2,737,842 13.00 to 1.05 12,823,969   1.05   0.20   to 2.50   (17.46)   to (19.31)  
    12/31/2021 3,431,930 15.75 to 1.30 19,131,158   1.02   0.20   to 2.50   4.00   to 1.67  
TA BlackRock iShares Tactical - Growth Service Class                              
    12/31/2025 2,421,986 20.99 to 1.64 23,718,165   2.97   0.20   to 2.50   15.35   to 12.76  
    12/30/2024 2,994,845 18.20 to 1.46 25,796,945   3.57   0.20   to 2.50   11.43   to 8.92  
    12/31/2023 3,527,916 16.33 to 1.34 27,396,062   0.88   0.20   to 2.50   13.71   to 11.17  
    12/31/2022 4,097,155 14.36 to 1.20 27,565,261   -   0.20   to 2.50   (18.19)   to (20.02)  
    12/31/2021 4,587,633 17.56 to 1.50 37,468,326   -   0.20   to 2.50   8.99   to 6.55  
TA BlackRock Real Estate Securities Initial Class                                
    12/31/2025 2,715 14.17 to 2.63 8,782   1.88   0.45   to 2.50   9.02   to 6.84  
    12/30/2024 3,315 13.00 to 2.46 9,928   2.19   0.45   to 2.50   0.80   to (1.23)  
    12/31/2023 3,309 12.90 to 2.49 9,924   0.83   0.45   to 2.50   12.82   to 10.57  
    12/31/2022 46,069 11.43 to 2.25 123,622   3.47   0.45   to 2.50   (28.51)   to (29.94)  
    12/31/2021 46,477 15.99 to 3.21 176,106   3.80   0.45   to 2.50   25.66   to 23.15  
79
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
TA BlackRock Real Estate Securities Service Class                                
    12/31/2025 585,410 $13.83 to $11.32 $       3,797,416   1.37 % 0.20 % to 2.50 % 9.10 % to 6.66 %
    12/30/2024 808,217 12.68 to 10.62 4,231,601   1.76   0.20   to 2.50   0.82   to (1.45)  
    12/31/2023 888,863 12.57 to 10.77 4,542,795   5.27   0.20   to 2.50   12.92   to 10.39  
    12/31/2022 939,383 11.13 to 9.76 4,168,886   2.89   0.20   to 2.50   (28.53)   to (30.13)  
    12/31/2021 1,008,816 15.58 to 13.97 6,313,476   2.13   0.20   to 2.50   25.60   to 22.78  
TA BlackRock Tactical Allocation Service Class                                
    12/31/2025 9,199,021 20.89 to 1.69 55,346,482   2.02   0.20   to 2.50   11.50   to 9.00  
    12/30/2024 10,896,681 18.74 to 1.55 59,774,858   1.49   0.20   to 2.50   12.26   to 9.73  
    12/31/2023 13,012,429 16.69 to 1.42 65,001,444   2.45   0.20   to 2.50   14.65   to 12.09  
    12/31/2022 14,776,215 14.56 to 1.26 65,699,204   3.63   0.20   to 2.50   (16.38)   to (18.25)  
    12/31/2021 17,187,966 17.41 to 1.55 92,024,822   2.46   0.20   to 2.50   7.42   to 5.01  
TA Goldman Sachs 70/30 Service Class                                  
    12/31/2025 124,489 18.06 to 16.31 2,118,434   1.01   0.20   to 2.00   17.53   to 15.44  
    12/30/2024 100,069 15.37 to 14.13 1,465,056   1.39   0.20   to 2.00   11.93   to 9.92  
    12/31/2023 57,148 13.73 to 12.85 758,273   1.66   0.20   to 2.00   16.02   to 13.95  
    12/31/2022 54,182 11.83 to 11.28 625,167   2.04   0.20   to 2.00   (17.27)   to (18.74)  
    12/31/2021 38,477 14.30 to 13.88 541,680   0.92   0.20   to 2.00   12.86   to 10.85  
TA Goldman Sachs Managed Risk - Balanced ETF Service Class                            
    12/31/2025 39,363,073 18.22 to 1.36 245,130,193   2.51   0.20   to 2.50   10.55   to 8.04  
    12/30/2024 46,097,738 16.48 to 1.26 261,912,888   2.19   0.20   to 2.50   8.85   to 6.36  
    12/31/2023 54,304,525 15.14 to 1.18 281,183,164   1.47   0.20   to 2.50   12.97   to 10.41  
    12/31/2022 62,477,730 13.40 to 1.07 286,693,830   1.47   0.20   to 2.50   (14.43)   to (16.38)  
    12/31/2021 71,368,017 15.67 to 1.28 392,450,498   1.13   0.20   to 2.50   9.14   to 6.66  
TA Goldman Sachs Managed Risk - Conservative ETF Service Class                          
    12/31/2025 8,517,461 16.09 to 1.27 35,775,223   2.75   0.20   to 2.50   9.85   to 7.35  
    12/30/2024 9,787,963 14.65 to 1.19 36,962,808   2.46   0.20   to 2.50   6.48   to 4.04  
    12/31/2023 11,050,944 13.76 to 1.14 40,530,593   1.69   0.20   to 2.50   10.37   to 7.87  
    12/31/2022 14,081,045 12.47 to 1.06 47,111,552   1.59   0.20   to 2.50   (12.00)   to (14.00)  
    12/31/2021 16,110,512 14.17 to 1.23 61,993,120   1.58   0.20   to 2.50   2.55   to 0.22  
TA Goldman Sachs Managed Risk - Growth ETF Service Class                            
    12/31/2025 32,368,368 22.41 to 1.86 189,674,187   1.92   0.20   to 2.50   12.05   to 9.50  
    12/30/2024 38,366,805 20.00 to 1.70 200,710,756   1.81   0.20   to 2.50   13.00   to 10.42  
    12/31/2023 45,438,578 17.70 to 1.54 210,948,639   1.42   0.20   to 2.50   17.44   to 14.78  
    12/31/2022 51,613,609 15.07 to 1.34 206,397,091   1.32   0.20   to 2.50   (14.69)   to (16.63)  
    12/31/2021 61,636,227 17.67 to 1.61 318,368,073   0.89   0.20   to 2.50   13.82   to 11.23  
TA Great Lakes Advisors Large Cap Value Service Class                            
    12/31/2025 372,250 20.41 to 17.78 7,028,283   0.83   0.20   to 2.00   23.40   to 21.20  
    12/30/2024 353,012 16.54 to 14.67 5,461,695   0.89   0.20   to 2.00   16.59   to 14.49  
    12/31/2023 341,000 14.19 to 12.81 4,574,919   0.95   0.20   to 2.00   12.56   to 10.55  
    12/31/2022 294,796 12.60 to 11.59 3,550,221   0.29   0.20   to 2.00   (7.57)   to (9.21)  
    12/31/2021 231,530 13.63 to 12.76 3,043,546   0.75   0.20   to 2.00   30.30   to 27.98  
TA International Focus Initial Class                                  
    12/31/2025 21,218 17.10 to 1.91 55,443   1.73   0.45   to 2.50   6.00   to 3.88  
    12/30/2024 25,754 16.13 to 1.84 63,455   2.30   0.45   to 2.50   (1.50)   to (3.48)  
    12/31/2023 33,484 16.37 to 1.90 92,962   2.03   0.45   to 2.50   12.03   to 9.80  
    12/31/2022 47,553 14.62 to 1.73 110,039   3.14   0.45   to 2.50   (20.40)   to (21.99)  
    12/31/2021 51,223 18.36 to 2.22 136,787   1.23   0.45   to 2.50   10.32   to 8.12  
TA International Focus Service Class                                  
    12/31/2025 772,407 16.67 to 13.34 6,512,282   1.44   0.20   to 2.50   6.02   to 3.64  
    12/30/2024 851,320 15.72 to 12.87 6,733,265   2.07   0.20   to 2.50   (1.52)   to (3.75)  
    12/31/2023 901,394 15.96 to 13.37 6,835,782   1.78   0.20   to 2.50   12.05   to 9.54  
    12/31/2022 1,107,921 14.25 to 12.21 7,020,081   2.76   0.20   to 2.50   (20.45)   to (22.24)  
    12/31/2021 1,195,856 17.91 to 15.70 9,381,583   1.07   0.20   to 2.50   10.41   to 7.93  
80
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
TA Janus Balanced Service Class                                  
    12/31/2025 6,621,499 $28.13 to $18.59 $     77,650,064   1.87 % 0.20 % to 2.50 % 13.24 % to 10.70 %
    12/30/2024 8,206,695 24.84 to 16.79 86,273,245   1.69   0.20   to 2.50   14.62   to 12.04  
    12/31/2023 9,355,542 21.67 to 14.99 90,462,541   1.13   0.20   to 2.50   14.79   to 12.22  
    12/31/2022 10,198,089 18.88 to 13.36 87,897,937   0.82   0.20   to 2.50   (16.93)   to (18.79)  
    12/31/2021 11,458,977 22.73 to 16.45 117,549,964   1.13   0.20   to 2.50   15.21   to 12.63  
TA Janus Mid-Cap Growth Initial Class                                  
    12/31/2025 5,240 32.14 to 3.38 35,867   0.01   0.45   to 2.50   7.63   to 5.47  
    12/30/2024 5,403 29.86 to 3.21 33,984   0.14   0.45   to 2.50   13.87   to 11.58  
    12/31/2023 4,408 26.22 to 2.87 27,129   -   0.45   to 2.50   16.52   to 14.20  
    12/31/2022 4,484 22.51 to 2.52 23,552   -   0.45   to 2.50   (17.09)   to (18.74)  
    12/31/2021 4,566 27.15 to 3.10 28,756   0.27   0.45   to 2.50   16.77   to 14.44  
TA Janus Mid-Cap Growth Service Class                                  
    12/31/2025 879,690 31.31 to 22.64 16,235,995   -   0.20   to 2.50   7.63   to 5.22  
    12/30/2024 995,530 29.09 to 21.51 16,537,500   -   0.20   to 2.50   13.84   to 11.27  
    12/31/2023 1,264,759 25.55 to 19.34 16,726,525   -   0.20   to 2.50   16.57   to 13.96  
    12/31/2022 1,841,344 21.92 to 16.97 18,170,802   -   0.20   to 2.50   (17.10)   to (18.96)  
    12/31/2021 2,189,192 26.44 to 20.94 24,785,075   0.10   0.20   to 2.50   16.76   to 14.14  
TA JPMorgan Asset Allocation - Conservative Initial Class                            
    12/31/2025 11,768 2.34 to 1.94 26,571   4.02   1.25   to 2.50   9.26   to 7.93  
    12/30/2024 11,768 2.14 to 1.80 24,355   2.05   1.25   to 2.50   4.41   to 3.13  
    12/31/2023 11,768 2.05 to 1.75 23,361   2.28   1.25   to 2.50   5.73   to 4.45  
    12/31/2022 11,768 1.94 to 1.67 22,128   5.64   1.25   to 2.50   (16.40)   to (17.42)  
    12/31/2021 11,768 2.32 to 2.02 26,507   2.42   1.25   to 2.50   4.59   to 3.32  
TA JPMorgan Asset Allocation - Conservative Service Class                            
    12/31/2025 7,693,950 16.05 to 11.97 30,638,197   3.66   0.20   to 2.50   10.13   to 7.63  
    12/30/2024 9,080,178 14.57 to 11.12 35,080,020   1.74   0.20   to 2.50   5.31   to 2.90  
    12/31/2023 10,524,005 13.84 to 10.81 40,642,459   1.96   0.20   to 2.50   6.62   to 4.20  
    12/31/2022 12,790,609 12.98 to 10.37 45,998,177   5.35   0.20   to 2.50   (15.77)   to (17.69)  
    12/31/2021 14,810,990 15.41 to 12.60 59,112,549   2.18   0.20   to 2.50   5.42   to 3.02  
TA JPMorgan Asset Allocation - Moderate Initial Class                              
    12/31/2025 175,826 2.81 to 2.40 477,875   3.40   1.25   to 2.50   10.51   to 9.16  
    12/30/2024 78,603 2.55 to 2.20 193,603   1.59   1.25   to 2.50   6.68   to 5.37  
    12/31/2023 78,603 2.39 to 2.08 181,748   1.23   1.25   to 2.50   7.76   to 6.45  
    12/31/2022 174,302 2.22 to 1.96 374,549   5.34   1.25   to 2.50   (17.11)   to (18.12)  
    12/31/2021 174,302 2.67 to 2.39 452,531   1.90   1.25   to 2.50   7.83   to 6.52  
TA JPMorgan Asset Allocation - Moderate Service Class                            
    12/31/2025 34,122,412 18.77 to 2.11 221,034,931   3.05   0.20   to 2.50   11.31   to 8.82  
    12/30/2024 40,130,538 16.86 to 1.94 233,665,568   1.33   0.20   to 2.50   7.48   to 5.06  
    12/31/2023 46,934,616 15.69 to 1.85 248,910,029   1.84   0.20   to 2.50   8.64   to 6.21  
    12/31/2022 53,260,418 14.44 to 1.74 257,810,652   5.06   0.20   to 2.50   (16.42)   to (18.29)  
    12/31/2021 60,146,088 17.27 to 2.13 344,268,959   1.70   0.20   to 2.50   8.71   to 6.28  
TA JPMorgan Asset Allocation - Moderate Growth Initial Class                            
    12/31/2025 4,933 3.37 to 2.95 16,067   2.73   1.25   to 2.50   11.74   to 10.37  
    12/30/2024 4,945 3.02 to 2.67 14,434   1.22   1.25   to 2.50   9.67   to 8.33  
    12/31/2023 4,957 2.75 to 2.47 13,213   2.27   1.25   to 2.50   10.83   to 9.49  
    12/31/2022 20,976 2.48 to 2.25 50,522   5.41   1.25   to 2.50   (18.37)   to (19.37)  
    12/31/2021 21,004 3.04 to 2.79 62,070   2.16   1.25   to 2.50   12.54   to 11.17  
TA JPMorgan Asset Allocation - Moderate Growth Service Class                          
    12/31/2025 19,187,364 22.84 to 1.85 122,882,368   2.47   0.20   to 2.50   12.62   to 10.09  
    12/30/2024 21,866,157 20.28 to 1.68 128,434,377   0.97   0.20   to 2.50   10.48   to 7.99  
    12/31/2023 24,853,619 18.36 to 1.56 135,211,184   1.73   0.20   to 2.50   11.71   to 9.21  
    12/31/2022 28,455,840 16.43 to 1.43 142,673,968   5.06   0.20   to 2.50   (17.69)   to (19.54)  
    12/31/2021 33,079,760 19.96 to 1.77 198,853,878   1.94   0.20   to 2.50   13.48   to 10.93  
81
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
TA JPMorgan Diversified Equity Allocation Initial Class                            
    12/31/2025 74,298 $4.48 to $4.06 $           321,112   2.20 % 1.25 % to 2.50 % 17.98 % to 16.54 %
    12/30/2024 16,941 3.79 to 3.48 62,151   0.71   1.25   to 2.50   14.93   to 13.52  
    12/31/2023 45,150 3.30 to 3.07 144,339   2.69   1.25   to 2.50   18.86   to 17.42  
    12/31/2022 16,941 2.78 to 2.61 45,632   6.03   1.25   to 2.50   (23.52)   to (24.45)  
    12/31/2021 16,941 3.63 to 3.46 59,756   1.67   1.25   to 2.50   18.16   to 16.72  
TA JPMorgan Diversified Equity Allocation Service Class                            
    12/31/2025 1,255,789 31.72 to 21.18 17,417,491   1.25   0.20   to 2.50   18.82   to 16.16  
    12/30/2024 1,442,689 26.69 to 18.24 15,709,724   1.14   0.20   to 2.50   15.86   to 13.25  
    12/31/2023 1,493,338 23.04 to 16.10 14,142,073   1.48   0.20   to 2.50   19.76   to 17.09  
    12/31/2022 1,434,940 19.24 to 13.75 10,831,416   5.54   0.20   to 2.50   (22.89)   to (24.62)  
    12/31/2021 1,556,506 24.95 to 18.24 16,282,244   1.41   0.20   to 2.50   19.11   to 16.44  
TA JPMorgan Enhanced Index Initial Class                                
    12/31/2025 112,690 50.07 to 5.03 954,991   0.69   0.45   to 2.50   15.69   to 13.38  
    12/30/2024 131,325 43.28 to 4.44 975,559   0.66   0.45   to 2.50   23.68   to 21.19  
    12/31/2023 135,573 34.99 to 3.66 822,729   0.82   0.45   to 2.50   27.09   to 24.56  
    12/31/2022 140,543 27.53 to 2.94 678,019   0.64   0.45   to 2.50   (18.72)   to (20.34)  
    12/31/2021 149,005 33.87 to 3.69 1,000,184   0.78   0.45   to 2.50   29.54   to 26.95  
TA JPMorgan Enhanced Index Service Class                                
    12/31/2025 671,877 48.79 to 27.13 22,056,139   0.46   0.20   to 2.50   15.67   to 13.07  
    12/30/2024 754,243 42.18 to 24.00 22,186,779   0.47   0.20   to 2.50   23.65   to 20.86  
    12/31/2023 655,542 34.11 to 19.85 14,507,499   0.72   0.20   to 2.50   27.14   to 24.29  
    12/31/2022 467,838 26.83 to 15.97 6,778,045   0.40   0.20   to 2.50   (18.71)   to (20.53)  
    12/31/2021 485,001 33.01 to 20.10 8,774,352   0.56   0.20   to 2.50   29.53   to 26.62  
TA JPMorgan International Moderate Growth Service Class                            
    12/31/2025 5,839,210 17.14 to 1.45 24,507,188   3.07   0.20   to 2.50   17.43   to 14.80  
    12/30/2024 7,035,497 14.60 to 1.26 24,751,762   2.12   0.20   to 2.50   1.69   to (0.61)  
    12/31/2023 8,414,982 14.35 to 1.27 28,603,381   1.33   0.20   to 2.50   8.48   to 6.05  
    12/31/2022 9,467,431 13.23 to 1.19 29,893,551   4.76   0.20   to 2.50   (17.59)   to (19.43)  
    12/31/2021 10,795,840 16.05 to 1.48 41,266,471   1.31   0.20   to 2.50   8.79   to 6.35  
TA JPMorgan Tactical Allocation Service Class                                
    12/31/2025 7,984,373 15.64 to 11.54 53,126,932   2.83   0.20   to 2.50   8.61   to 6.18  
    12/30/2024 9,327,167 14.40 to 10.87 56,712,124   2.33   0.20   to 2.50   3.87   to 1.53  
    12/31/2023 10,548,898 13.86 to 10.70 62,614,436   1.53   0.20   to 2.50   8.35   to 5.93  
    12/31/2022 13,095,928 12.79 to 10.10 77,760,428   1.53   0.20   to 2.50   (15.20)   to (17.10)  
    12/31/2021 14,410,431 15.08 to 12.19 101,329,983   1.55   0.20   to 2.50   4.42   to 2.08  
TA Madison Diversified Income Service Class                                
    12/31/2025 378,092 16.48 to 12.03 5,058,147   2.72   0.20   to 2.50   7.00   to 4.60  
    12/30/2024 433,013 15.40 to 11.50 5,535,672   2.49   0.20   to 2.50   3.26   to 0.93  
    12/31/2023 453,980 14.91 to 11.40 5,652,969   1.97   0.20   to 2.50   3.76   to 1.44  
    12/31/2022 503,533 14.37 to 11.24 6,103,534   1.66   0.20   to 2.50   (10.56)   to (12.57)  
    12/31/2021 506,048 16.07 to 12.85 6,961,973   1.59   0.20   to 2.50   7.65   to 5.24  
TA Market Participation Strategy Service Class                                
    12/31/2025 2,372,321 24.30 to 16.68 19,693,558   1.25   0.20   to 2.50   9.80   to 7.34  
    12/30/2024 2,724,463 22.13 to 15.54 21,990,776   1.52   0.20   to 2.50   14.70   to 12.12  
    12/31/2023 3,140,821 19.29 to 13.86 22,081,503   0.40   0.20   to 2.50   11.33   to 8.84  
    12/31/2022 3,569,136 17.33 to 12.74 22,456,775   0.03   0.20   to 2.50   (15.47)   to (17.37)  
    12/31/2021 4,192,876 20.50 to 15.41 32,431,475   0.48   0.20   to 2.50   14.22   to 11.66  
TA Morgan Stanley Global Allocation Service Class                                
    12/31/2025 8,031,388 20.36 to 14.81 42,939,099   5.93   0.20   to 2.50   17.28   to 14.65  
    12/30/2024 9,726,438 17.36 to 12.92 45,414,577   4.58   0.20   to 2.50   6.65   to 4.24  
    12/31/2023 10,803,784 16.28 to 12.40 47,700,050   -   0.20   to 2.50   13.46   to 10.92  
    12/31/2022 12,015,370 14.35 to 11.18 47,955,015   0.08   0.20   to 2.50   (17.93)   to (19.77)  
    12/31/2021 13,488,432 17.48 to 13.93 66,268,005   0.48   0.20   to 2.50   7.96   to 5.54  
82
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
TA Morgan Stanley Global Allocation Managed Risk - Balanced Service Class                          
    12/31/2025 812,482 $13.94 to $11.87 $     10,065,666   10.89 % 0.20 % to 2.50 % 13.99 % to 11.43 %
    12/30/2024 1,033,697 12.23 to 10.65 11,367,104   -   0.20   to 2.50   4.85   to 2.48  
    12/31/2023 1,164,747 11.66 to 10.40 12,358,362   18.67   0.20   to 2.50   8.79   to 6.35  
    12/31/2022 1,314,064 10.72 to 9.77 12,954,864   14.92   0.20   to 2.50   (16.39)   to (18.27)  
    12/31/2021 1,427,045 12.82 to 11.96 17,012,985   5.19   0.20   to 2.50   6.96   to 4.57  
TA MSCI EAFE Index Service Class                                  
    12/31/2025 811,124 18.24 to 14.98 13,560,523   2.07   0.35   to 2.65   30.47   to 27.55  
    12/30/2024 780,818 13.98 to 11.75 10,103,449   2.40   0.35   to 2.65   2.79   to 0.47  
    12/31/2023 642,444 13.60 to 11.69 8,162,279   2.37   0.35   to 2.65   17.05   to 14.43  
    12/31/2022 527,026 11.62 to 10.22 5,789,335   2.92   0.35   to 2.65   (14.75)   to (16.65)  
    12/31/2021 537,478 13.63 to 12.26 6,996,410   1.49   0.35   to 2.65   10.56   to 8.09  
TA Multi-Managed Balanced Initial Class                                  
    12/31/2025 12,065 4.94 to 3.91 57,495   2.12   1.25   to 2.50   11.67   to 10.30  
    12/30/2024 12,065 4.42 to 3.54 51,565   1.96   1.25   to 2.50   13.51   to 12.12  
    12/31/2023 12,065 3.89 to 3.16 45,494   1.59   1.25   to 2.50   17.27   to 15.84  
    12/31/2022 12,065 3.32 to 2.73 38,852   1.20   1.25   to 2.50   (17.31)   to (18.32)  
    12/31/2021 12,065 4.02 to 3.34 47,056   1.15   1.25   to 2.50   15.59   to 14.19  
TA Multi-Managed Balanced Service Class                                
    12/31/2025 5,390,261 28.88 to 18.27 81,558,626   1.84   0.20   to 2.50   12.50   to 9.98  
    12/30/2024 6,747,615 25.67 to 16.61 90,894,677   1.67   0.20   to 2.50   14.41   to 11.83  
    12/31/2023 8,481,539 22.44 to 14.85 99,670,371   1.34   0.20   to 2.50   18.20   to 15.56  
    12/31/2022 9,738,022 18.98 to 12.85 99,389,292   0.89   0.20   to 2.50   (16.66)   to (18.52)  
    12/31/2021 11,160,065 22.77 to 15.78 140,803,545   0.94   0.20   to 2.50   16.56   to 13.94  
TA PineBridge Inflation Opportunities Service Class                              
    12/31/2025 2,524,892 11.35 to 10.12 8,392,229   3.20   0.20   to 2.50   5.14   to 2.78  
    12/30/2024 3,245,580 10.79 to 9.85 10,235,876   3.30   0.20   to 2.50   1.62   to (0.68)  
    12/31/2023 3,987,023 10.62 to 9.91 11,514,874   5.31   0.20   to 2.50   5.23   to 2.88  
    12/31/2022 4,635,268 10.09 to 9.64 12,822,182   3.46   0.20   to 2.50   (10.73)   to (12.73)  
    12/31/2021 5,742,691 11.31 to 11.04 18,260,132   1.16   0.20   to 2.50   3.65   to 1.33  
TA ProFunds UltraBear Service Class (OAM)                                
    12/31/2025 44,725 6.67 to 6.58 296,590   2.56   1.00   to 1.95   (28.33)   to (29.00)  
    12/31/2024(1) 35,319 9.31 to 9.27 328,150   2.61   1.00   to 1.95   -   to -  
TA S&P 500 Index Initial Class                                  
    12/31/2025 - 17.22 to 17.10 -   -   0.27   to 0.47   17.33   to 17.09  
    12/30/2024 - 14.68 to 14.60 -   -   0.27   to 0.47   24.49   to 24.24  
    12/31/2023 - 11.79 to 11.75 -   -   0.27   to 0.47   25.75   to 25.50  
    12/31/2022(1) - 9.38 to 9.37 -   -   0.27   to 0.47   -   to -  
TA S&P 500 Index Service Class                                  
    12/31/2025 6,693,010 30.95 to 25.43 189,551,146   0.72   0.35   to 2.65   16.96   to 14.34  
    12/30/2024 5,617,776 26.46 to 22.24 137,529,870   0.80   0.35   to 2.65   24.11   to 21.31  
    12/31/2023 4,649,415 21.32 to 18.33 92,673,461   0.95   0.35   to 2.65   25.30   to 22.50  
    12/31/2022 3,851,325 17.02 to 14.96 61,931,334   0.94   0.35   to 2.65   (18.72)   to (20.54)  
    12/31/2021 3,844,570 20.94 to 18.83 76,731,551   0.83   0.35   to 2.65   27.69   to 24.83  
TA Small/Mid Cap Value Initial Class                                  
    12/31/2025 122,537 30.36 to 21.81 2,746,754   1.21   0.45   to 1.55   9.32   to 8.14  
    12/30/2024 226,572 27.77 to 20.17 3,491,139   0.94   0.45   to 1.55   8.37   to 7.19  
    12/31/2023 226,833 25.63 to 18.82 3,257,217   1.04   0.45   to 1.55   11.90   to 10.69  
    12/31/2022 236,926 22.90 to 17.00 3,115,955   0.60   0.45   to 1.55   (8.72)   to (9.71)  
    12/31/2021 239,938 25.09 to 18.83 3,502,801   0.65   0.45   to 1.55   27.55   to 26.17  
83
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
TA Small/Mid Cap Value Service Class                                  
    12/31/2025 1,084,759 $29.56 to $16.22 $     16,417,101   1.03 % 0.20 % to 2.50 % 9.29 % to 6.84 %
    12/30/2024 1,203,838 27.05 to 15.18 15,604,269   0.81   0.20   to 2.50   8.34   to 5.90  
    12/31/2023 1,351,888 24.97 to 14.33 14,860,972   0.84   0.20   to 2.50   11.93   to 9.42  
    12/31/2022 1,458,061 22.31 to 13.10 13,381,238   0.33   0.20   to 2.50   (8.71)   to (10.76)  
    12/31/2021 1,650,407 24.44 to 14.68 16,997,766   0.49   0.20   to 2.50   27.56   to 24.70  
TA T. Rowe Price Small Cap Initial Class                                  
    12/31/2025 25,736 36.25 to 5.24 133,017   -   0.45   to 2.50   9.78   to 7.58  
    12/30/2024 27,084 33.02 to 4.87 127,528   -   0.45   to 2.50   12.27   to 10.01  
    12/31/2023 31,409 29.41 to 4.42 130,012   -   0.45   to 2.50   20.66   to 18.25  
    12/31/2022 31,759 24.38 to 3.74 109,771   -   0.45   to 2.50   (22.73)   to (24.28)  
    12/31/2021 32,749 31.55 to 4.94 146,642   -   0.45   to 2.50   10.88   to 8.66  
TA T. Rowe Price Small Cap Service Class                                  
    12/31/2025 1,662,602 35.33 to 18.78 36,783,714   -   0.20   to 2.50   9.72   to 7.25  
    12/30/2024 1,968,661 32.20 to 17.51 38,242,901   -   0.20   to 2.50   12.38   to 9.85  
    12/31/2023 2,319,541 28.65 to 15.94 37,702,583   -   0.20   to 2.50   20.64   to 17.94  
    12/31/2022 2,802,810 23.75 to 13.52 35,520,926   -   0.20   to 2.50   (22.75)   to (24.48)  
    12/31/2021 3,189,866 30.75 to 17.90 51,211,242   -   0.20   to 2.50   10.86   to 8.37  
TA TSW International Equity Initial Class                                  
    12/31/2025 167,410 21.35 to 2.48 630,912   2.21   0.45   to 2.50   31.27   to 28.65  
    12/30/2024 182,236 16.27 to 1.92 528,132   2.95   0.45   to 2.50   2.92   to 0.85  
    12/31/2023 187,624 15.80 to 1.91 533,353   1.08   0.45   to 2.50   14.96   to 12.67  
    12/31/2022 200,770 13.75 to 1.69 501,132   3.31   0.45   to 2.50   (14.78)   to (16.48)  
    12/31/2021 214,449 16.13 to 2.03 634,061   1.83   0.45   to 2.50   12.90   to 10.64  
TA TSW International Equity Service Class                                
    12/31/2025 846,824 20.78 to 16.04 11,117,997   2.22   0.20   to 2.50   31.16   to 28.22  
    12/30/2024 890,059 15.85 to 12.51 8,263,380   2.90   0.20   to 2.50   2.91   to 0.59  
    12/31/2023 711,906 15.40 to 12.44 6,814,501   0.85   0.20   to 2.50   15.03   to 12.46  
    12/31/2022 692,458 13.39 to 11.06 5,789,335   2.80   0.20   to 2.50   (14.81)   to (16.71)  
    12/31/2021 827,971 15.71 to 13.28 8,436,833   1.79   0.20   to 2.50   12.98   to 10.44  
TA TSW Mid Cap Value Opportunities Service Class                              
    12/31/2025 741,031 28.28 to 3.43 12,495,074   1.02   0.20   to 2.50   9.14   to 6.69  
    12/30/2024 833,092 25.91 to 3.21 13,172,846   1.22   0.20   to 2.50   7.87   to 5.43  
    12/31/2023 973,435 24.02 to 3.05 14,048,235   1.16   0.20   to 2.50   10.35   to 7.88  
    12/31/2022 1,229,661 21.77 to 2.82 16,367,710   0.57   0.20   to 2.50   (8.61)   to (10.66)  
    12/31/2021 1,357,361 23.82 to 3.16 19,346,135   0.57   0.20   to 2.50   28.59   to 25.70  
TA WMC US Growth Initial Class                                  
    12/31/2025 1,579,573 62.07 to 6.63 8,695,566   -   0.45   to 2.50   17.23   to 14.89  
    12/30/2024 1,710,408 52.94 to 5.77 8,119,772   0.01   0.45   to 2.50   28.41   to 25.83  
    12/31/2023 1,775,733 41.23 to 4.59 6,622,008   0.04   0.45   to 2.50   41.45   to 38.63  
    12/31/2022 1,426,854 29.15 to 3.31 3,768,623   -   0.45   to 2.50   (31.65)   to (33.02)  
    12/31/2021 1,548,352 42.65 to 4.94 6,046,845   0.07   0.45   to 2.50   20.12   to 17.72  
TA WMC US Growth Service Class                                  
    12/31/2025 2,487,482 60.46 to 34.25 92,613,979   -   0.20   to 2.50   17.23   to 14.61  
    12/30/2024 2,918,988 51.57 to 29.89 90,849,942   -   0.20   to 2.50   28.44   to 25.54  
    12/31/2023 3,507,778 40.15 to 23.81 80,160,971   -   0.20   to 2.50   41.44   to 38.28  
    12/31/2022 2,644,952 28.39 to 17.22 28,570,545   -   0.20   to 2.50   (31.65)   to (33.18)  
    12/31/2021 3,142,882 41.54 to 25.77 49,104,796   -   0.20   to 2.50   20.13   to 17.44  
Vanguard® Balanced                                    
    12/31/2025 326,720 17.01 to 14.90 5,098,065   2.02   0.27   to 2.60   16.15   to 13.48  
    12/30/2024 230,179 14.65 to 13.13 3,146,294   2.22   0.27   to 2.60   14.49   to 11.84  
    12/31/2023 251,492 12.79 to 11.74 3,045,279   1.72   0.27   to 2.60   14.02   to 11.40  
    12/31/2022 150,357 11.22 to 10.54 1,623,749   2.16   0.27   to 2.60   (14.53)   to (16.50)  
    12/31/2021 155,081 13.13 to 12.62 1,984,149   1.61   0.27   to 2.60   18.69   to 15.96  
84
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
Vanguard® Capital Growth                                  
    12/31/2025 - $22.22 to $21.95 $                         -   - % 0.27 % to 0.47 % 28.63 % to 28.37 %
    12/30/2024 - 17.27 to 17.10 -   -   0.27   to 0.47   13.10   to 12.88  
    12/31/2023 - 15.27 to 15.15 -   -   0.27   to 0.47   27.64   to 27.38  
    12/31/2022 - 11.97 to 11.89 -   -   0.27   to 0.47   (15.71)   to (15.88)  
    12/31/2021 - 14.20 to 14.14 -   -   0.27   to 0.47   21.21   to 20.97  
Vanguard® Conservative Allocation                                  
    12/31/2025 257,194 13.54 to 11.86 3,176,694   0.66   0.27   to 2.60   12.43   to 9.84  
    12/30/2024 43,444 12.05 to 10.80 487,806   2.55   0.27   to 2.60   7.20   to 4.72  
    12/31/2023 39,921 11.24 to 10.31 424,423   1.92   0.27   to 2.60   12.21   to 9.63  
    12/31/2022 39,986 10.01 to 9.40 384,601   2.82   0.27   to 2.60   (15.13)   to (17.08)  
    12/31/2021 45,872 11.80 to 11.34 527,550   1.13   0.27   to 2.60   5.70   to 3.27  
Vanguard® Diversified Value                                  
    12/31/2025 - 20.54 to 20.29 -   -   0.27   to 0.47   16.51   to 16.28  
    12/30/2024 - 17.63 to 17.45 -   -   0.27   to 0.47   14.58   to 14.35  
    12/31/2023 - 15.38 to 15.26 -   -   0.27   to 0.47   19.80   to 19.56  
    12/31/2022 - 12.84 to 12.76 -   -   0.27   to 0.47   (11.73)   to (11.90)  
    12/31/2021 - 14.55 to 14.49 -   -   0.27   to 0.47   30.11   to 29.85  
Vanguard® Equity Income                                  
    12/31/2025 - 18.40 to 18.18 -   -   0.27   to 0.47   16.48   to 16.25  
    12/30/2024 - 15.80 to 15.64 -   -   0.27   to 0.47   14.81   to 14.58  
    12/31/2023 - 13.76 to 13.65 -   -   0.27   to 0.47   7.81   to 7.59  
    12/31/2022 - 12.77 to 12.69 -   -   0.27   to 0.47   (0.93)   to (1.13)  
    12/31/2021 - 12.89 to 12.83 -   -   0.27   to 0.47   24.99   to 24.74  
Vanguard® Equity Index                                    
    12/31/2025 - 50.37 to 46.60 -   1.27   0.27   to 1.20   17.38   to 16.30  
    12/30/2024 - 42.91 to 40.07 -   1.46   0.27   to 1.20   24.50   to 23.34  
    12/31/2023 - 34.46 to 32.49 -   1.22   0.27   to 1.20   25.78   to 24.62  
    12/31/2022 - 27.40 to 26.07 -   1.28   0.27   to 1.20   (18.45)   to (19.20)  
    12/31/2021 - 33.60 to 32.27 -   1.22   0.27   to 1.20   28.20   to 27.02  
Vanguard® Global Bond Index                                  
    12/31/2025 - 10.28 to 10.16 -   -   0.27   to 0.47   5.41   to 5.20  
    12/30/2024 - 9.76 to 9.66 -   -   0.27   to 0.47   1.76   to 1.55  
    12/31/2023 - 9.59 to 9.51 -   -   0.27   to 0.47   6.23   to 6.02  
    12/31/2022 - 9.03 to 8.97 -   -   0.27   to 0.47   (13.36)   to (13.53)  
    12/31/2021 - 10.42 to 10.38 -   -   0.27   to 0.47   (2.11)   to (2.30)  
Vanguard® Growth                                    
    12/31/2025 - 24.17 to 23.88 -   -   0.27   to 0.47   16.57   to 16.34  
    12/30/2024 - 20.73 to 20.52 -   -   0.27   to 0.47   32.77   to 32.51  
    12/31/2023 - 15.61 to 15.49 -   -   0.27   to 0.47   39.76   to 39.48  
    12/31/2022 - 11.17 to 11.10 -   -   0.27   to 0.47   (33.54)   to (33.68)  
    12/31/2021 - 16.81 to 16.74 -   -   0.27   to 0.47   17.54   to 17.31  
Vanguard® High Yield Bond                                  
    12/31/2025 - 12.68 to 12.53 -   -   0.27   to 0.47   8.89   to 8.67  
    12/30/2024 - 11.64 to 11.53 -   -   0.27   to 0.47   6.16   to 5.95  
    12/31/2023 - 10.97 to 10.88 -   -   0.27   to 0.47   11.37   to 11.14  
    12/31/2022 - 9.85 to 9.79 -   -   0.27   to 0.47   (9.61)   to (9.79)  
    12/31/2021 - 10.90 to 10.85 -   -   0.27   to 0.47   3.40   to 3.19  
Vanguard® International                                  
    12/31/2025 28,456 27.90 to 25.81 752,498   0.88   0.27   to 1.20   19.64   to 18.54  
    12/30/2024 16,618 23.32 to 21.77 365,669   1.21   0.27   to 1.20   8.72   to 7.70  
    12/31/2023 17,435 21.45 to 20.21 356,102   1.47   0.27   to 1.20   14.35   to 13.29  
    12/31/2022 16,753 18.76 to 17.84 301,351   1.21   0.27   to 1.20   (30.31)   to (30.95)  
    12/31/2021 12,335 26.91 to 25.84 318,776   0.29   0.27   to 1.20   (1.81)   to (2.72)  

 

85
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
      At December 31   For the Year Ended December 31  
          Unit Fair Value           Expense Total Return***  
          Corresponding to       Investment Ratio**     Corresponding to    
          Lowest to Highest   Net   Income Lowest to     Lowest to Highest    
Subaccount Units   Expense Ratio   Assets   Ratio* Highest     Expense Ratio    
                                         
Vanguard® Mid-Cap Index                                  
    12/31/2025 309,750 $34.90 to $29.83 $       9,728,923   1.22 % 0.27 % to 2.60 % 11.24 % to 8.68 %
    12/30/2024 219,910 31.37 to 27.44 6,306,535   1.27   0.27   to 2.60   14.76   to 12.11  
    12/31/2023 186,008 27.34 to 24.48 4,714,798   1.02   0.27   to 2.60   15.52   to 12.87  
    12/31/2022 78,794 23.67 to 21.69 1,767,025   1.10   0.27   to 2.60   (19.04)   to (20.90)  
    12/31/2021 54,874 29.23 to 27.42 1,539,222   0.93   0.27   to 2.60   24.02   to 21.17  
Vanguard® Moderate Allocation                                  
    12/31/2025 242,505 15.38 to 13.47 3,403,501   2.19   0.27   to 2.60   15.87   to 13.21  
    12/30/2024 190,591 13.28 to 11.90 2,345,880   2.23   0.27   to 2.60   10.02   to 7.48  
    12/31/2023 171,677 12.07 to 11.07 1,951,107   2.05   0.27   to 2.60   15.24   to 12.59  
    12/31/2022 124,949 10.47 to 9.83 1,253,427   2.16   0.27   to 2.60   (16.15)   to (18.08)  
    12/31/2021 71,265 12.49 to 12.00 865,908   1.10   0.27   to 2.60   9.78   to 7.25  
Vanguard® Money Market                                  
    12/31/2025 - 11.56 to 11.43 -   -   0.27   to 0.47   3.90   to 3.70  
    12/30/2024 - 11.13 to 11.02 -   -   0.27   to 0.47   4.91   to 4.70  
    12/31/2023 - 10.61 to 10.52 -   -   0.27   to 0.47   4.77   to 4.56  
    12/31/2022 - 10.13 to 10.07 -   -   0.27   to 0.47   1.24   to 1.03  
    12/31/2021 - 10.00 to 9.96 -   -   0.27   to 0.47   (0.25)   to (0.45)  
Vanguard® Real Estate Index                                  
    12/31/2025 8,895 18.40 to 17.03 157,858   2.91   0.27   to 1.20   2.83   to 1.88  
    12/30/2024 4,386 17.90 to 16.71 76,099   3.16   0.27   to 1.20   4.46   to 3.49  
    12/31/2023 4,476 17.13 to 16.15 74,743   1.77   0.27   to 1.20   11.40   to 10.37  
    12/31/2022 1,308 15.38 to 14.63 19,713   1.91   0.27   to 1.20   (26.50)   to (27.18)  
    12/31/2021 1,331 20.92 to 20.09 27,422   1.41   0.27   to 1.20   39.83   to 38.54  
Vanguard® Short-Term Investment Grade                                
    12/31/2025 137,629 12.82 to 11.86 1,700,581   4.34   0.27   to 1.20   6.57   to 5.58  
    12/30/2024 102,942 12.03 to 11.23 1,199,703   3.59   0.27   to 1.20   4.61   to 3.64  
    12/31/2023 104,242 11.50 to 10.84 1,167,435   0.80   0.27   to 1.20   5.87   to 4.89  
    12/31/2022 19,358 10.86 to 10.33 205,422   1.33   0.27   to 1.20   (5.98)   to (6.84)  
    12/31/2021 11,680 11.55 to 11.09 132,335   1.77   0.27   to 1.20   (0.72)   to (1.64)  
Vanguard® Total Bond Market Index                                  
    12/31/2025 12,264 11.69 to 10.81 138,204   3.47   0.27   to 1.20   6.65   to 5.66  
    12/30/2024 12,615 10.96 to 10.23 134,007   2.56   0.27   to 1.20   0.97   to 0.03  
    12/31/2023 11,589 10.85 to 10.23 122,584   2.11   0.27   to 1.20   5.29   to 4.32  
    12/31/2022 9,179 10.31 to 9.81 92,694   0.18   0.27   to 1.20   (13.45)   to (14.25)  
    12/31/2021 281 11.91 to 11.44 3,296   0.19   0.27   to 1.20   (1.98)   to (2.89)  
Vanguard® Total International Stock Market Index                                
    12/31/2025 - 16.09 to 15.89 -   -   0.27   to 0.47   31.69   to 31.42  
    12/30/2024 - 12.22 to 12.09 -   -   0.27   to 0.47   4.77   to 4.56  
    12/31/2023 - 11.66 to 11.57 -   -   0.27   to 0.47   15.23   to 15.00  
    12/31/2022 - 10.12 to 10.06 -   -   0.27   to 0.47   (16.24)   to (16.41)  
    12/31/2021 - 12.08 to 12.03 -   -   0.27   to 0.47   8.24   to 8.02  
Vanguard® Total Stock Market Index                                  
    12/31/2025 - 21.89 to 21.63 -   -   0.27   to 0.47   16.62   to 16.38  
    12/30/2024 - 18.77 to 18.59 -   -   0.27   to 0.47   23.38   to 23.13  
    12/31/2023 - 15.22 to 15.09 -   -   0.27   to 0.47   25.61   to 25.36  
    12/31/2022 - 12.11 to 12.04 -   -   0.27   to 0.47   (19.81)   to (19.97)  
    12/31/2021 - 15.11 to 15.04 -   -   0.27   to 0.47   25.30   to 25.05  
Voya Global Perspectives Class S Shares                                  
    12/31/2025 - 14.65 to 13.38 -   -   1.29   to 2.14   12.56   to 11.61  
    12/30/2024 - 13.01 to 11.99 -   -   1.29   to 2.14   5.50   to 4.60  
    12/31/2023 - 12.33 to 11.46 -   -   1.29   to 2.14   8.87   to 7.95  
    12/31/2022 - 11.33 to 10.62 -   -   1.29   to 2.14   (18.71)   to (19.40)  
    12/31/2021 - 13.94 to 13.17 -   -   1.29   to 2.14   4.48   to 3.60  
86
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
 
5. Financial Highlights (continued)                                  
                                         
                                         
   (1) See Footnote 1                                  
                                         
  * These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets.  These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units.  The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest.  
  ** These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated.  These ratios include only those expenses that result in a direct reduction to unit values.  Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded.  
  *** These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values.  These ratios do not include any expenses assessed through the redemption of units.  Investment options with a date notation indicate the effective date of that investment option in the variable account.  The total return is calculated for each period indicated or from the effective date through the end of the reporting period.  Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return.  Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return.  
 
 
87
 
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
                         
                         
                         
6.  Administrative and Mortality and Expense Risk Charges
                         
TFLIC deducts a daily administrative charge equal to an annual rate of 0.15% of the daily net assets value of each subaccount for administrative expenses.  TFLIC also deducts an annual charge during the accumulation phase, not to exceed $35,  proportionately from the subaccounts’ unit values.  An annual charge ranging from 0.05% to 2.65% is deducted (based on the death benefit selected) from the unit values of  the subaccounts of the Separate Account for TFLIC’s assumption of certain mortality and expense risks incurred in connection with the contract.  The charge is assessed daily based on the net asset value of the Mutual Fund.  Charges for administrative and mortality and expense risk are an expense of the subaccount.  Charges reflected above are those currently assessed and may be subject to change.  Contract owners should see their actual policy and any related attachments to determine their specific charges.
In addition to M&E, the following subaccounts are assessed a daily charge for fund facilitation fees that is based on their actual policy:
                         
  Subaccount       Facilitation Fee Assessed
  AB Balanced Hedged Allocation Class B Shares   0.20%
  AB Relative Value Class B Shares   0.20%
  American Funds - Asset Allocation Class 2 Shares 0.30% - 0.40%
  American Funds - Asset Allocation Class 4 Shares 0.20%
  American Funds - Growth Class 2 Shares   0.30% - 0.40%
  American Funds - Growth Class 4 Shares   0.13%
  American Funds - Growth-Income Class 2 Shares 0.30% - 0.40%
  American Funds - Growth-Income Class 4 Shares 0.13%
  American Funds - International Class 2 Shares   0.30% - 0.40%
  American Funds - International Class 4 Shares   0.13%
  American Funds - New World Class 4 Shares   0.15%
  American Funds - The Bond Fund of America Class 2 Shares   0.30% - 0.40%
  American Funds - The Bond Fund of America Class 4 Shares   0.11%
  Columbia - Acorn       0.30%
  Columbia - Acorn International     0.30%
  Dimensional VA Global Bond     0.33% - 0.60%
  Fidelity® VIP Balanced Service Class 2   0.20%
  Fidelity® VIP Consumer Staples Initial Class   0.50%
  Fidelity® VIP Contrafund® Initial Class   0.20%
  Fidelity® VIP Contrafund® Service Class 2   0.20%
  Fidelity® VIP Energy Service Class 2   0.30%
  Fidelity® VIP Health Care Service Class 2   0.30%
  Fidelity® VIP Mid Cap Initial Class   0.20%
  Fidelity® VIP Mid Cap Service Class 2   0.20%
  Fidelity® VIP Technology Initial Class   0.50%
  Fidelity® VIP Utilities Initial Class   0.50%
  Fidelity® VIP Value Strategies Initial Class   0.20%
  Fidelity® VIP Value Strategies Service Class 2   0.20%
  Franklin Allocation Class 4 Shares   0.15%
  State Street Total Return V.I.S. Class 3 Shares   0.20%
  TA MSCI EAFE Index Service Class   0.15%
  TA S&P 500 Index Service Class     0.15%
  Vanguard® Balanced       0.60%
  Vanguard® Conservative Allocation   0.60%
  Vanguard® Equity Index     0.20% - 0.60%
  Vanguard® International     0.20% - 0.60%
88
 
Transamerica Financial Life Insurance Company
Separate Account VA BNY
Notes to Financial Statements
December 31, 2025
               
               
               
6.  Administrative and Mortality and Expense Risk Charges (continued)
               
In addition to M&E, the following subaccounts are assessed a daily charge for fund facilitation fees that is based on their actual policy (continued):
               
  Subaccount       Facilitation Fee Assessed  
  Vanguard® Mid-Cap Index     0.20% - 0.60%  
  Vanguard® Moderate Allocation   0.20% - 0.60%  
  Vanguard® Real Estate Index     0.20% - 0.60%  
  Vanguard® Short-Term Investment Grade   0.20% - 0.60%  
  Vanguard® Total Bond Market Index   0.20% - 0.60%  
  Voya Global Perspectives Class S Shares   0.14%  
  Voya Large Cap Value Class S Shares   0.14%  
               
7.  Income Tax
               
Operations of the Separate Account form a part of TFLIC, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code of 1986, as amended (the Code).   The operations of the Separate Account are accounted for separately from other operations of TFLIC for purposes of federal income taxation.  The Separate Account is not separately taxable as a regulated investment company under Subchapter M of the Code and is not otherwise taxable as an entity separate from TFLIC.  Under existing federal income tax laws, the income of the Separate Account is not taxable to TFLIC, as long as earnings are credited under the variable annuity contracts.
 
89
 
 
  Transamerica Financial Life Insurance Company
  Separate Account VA BNY
  Notes to Financial Statements
  December 31, 2025
                   
                   
8.  Subsequent Events
                   
The Separate Account has evaluated the financial statements for subsequent events through the date which the financial statements were issued.  During this period, there were no subsequent events requiring recognition in the financial statements.
9.  Related Parties
                   
Transamerica Capital, Inc. (TCI), a wholesaling broker-dealer, is an affiliated entity of TFLIC and an indirect wholly owned subsidiary of Aegon Ltd.  TCI distributes TFLIC's products through broker-dealers and other financial intermediaries.
The subaccounts invest in the mutual funds listed in Footnote 1.  These investments include funds managed by Transamerica Asset Management, Inc. (TAM).  Transamerica Fund Services, Inc. (TFS) serves as a transfer agent to TAM, and Aegon USA Asset Management Holding, LLC (AAM) serves as a sub-advisor for certain funds managed by TAM.  TAM, TFS and AAM are affiliated entities of TFLIC and indirect wholly owned subsidiaries of Aegon Ltd.  Funds managed by TAM are identified by their fund name, which includes reference to Aegon, Transamerica or both.  The Separate Account pays management fees to the related funds as detailed in the fund prospectus.
No charges other than those disclosed in Footnote 6 are deducted for the service rendered by related parties.
Contract owners may transfer funds between available subaccount options within the Separate Account.  These transfers are performed at unit value at the time of the transfer.
                   
 
90
 
 
  Transamerica Financial Life Insurance Company
  Separate Account VA BNY
  Notes to Financial Statements
  December 31, 2025
                   
                   
10.  Segment Reporting
                   
Each fund of the Separate Account constitutes a single operating segment and therefore, a single reportable segment because the Chief Operating Decision Maker (CODM) manages the activities of the Separate Account using information of each fund.  The Separate Account is engaged in a single line of business as a registered unit investment trust.  The Separate Account is a funding vehicle for individual variable annuity contracts with the assets owned by TFLIC to support the liabilities of the applicable insurance contracts.  The subaccounts have identified the President and Chief Operating Officer as the CODM as the Separate Account does not have employees and is not a separate legal entity.
The CODM uses increase (decrease) in net assets from operations as their performance measure in order to make operational decisions while monitoring the net assets of each of the funds within the Separate Account.  The Accounting policies used to measure profit and loss of the segments are the same as those described in the Summary of Significant Accounting Policies (see note 2).  The measure of segment assets is reported on the balance sheet as total consolidated assets.  Refer to the Statements of Operations and Changes in Net Assets for each fund’s operating segment and related footnotes for significant expenses principle and the existing segment requirements as of December 31, 2025 and for the year ended December 31, 2025 and December 31, 2024.
                   
91