Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Financial Statements

Year ended December 31, 2023

(With Report of Independent Registered Public Accounting Firm Thereon)


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Table of Contents

Year ended December 31, 2023

 

    Page  

Report of Independent Registered Public Accounting Firm

    F-1  

Statements of Assets and Liabilities

    F-4  

Statements of Operations

    F-10  

Statements of Changes in Net Assets

    F-16  

Notes to Financial Statements

    F-31  


Table of Contents

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Genworth Life Insurance Company of New York and

Contract Owners of Genworth Life of New York VA Separate Account 2

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in the Appendix that comprise the Genworth Life of New York VA Separate Account 2 (the Separate Account), as of December 31, 2023, the related statements of operations for the year then ended and changes in net assets for each of the years in the two-year period then ended, and the related notes including the financial highlights in Note 6 for each of the years presented in the five-year period then ended (collectively, 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, 2023, the results of its operations for the year then ended, the changes in its net assets for each of the years in the two-year period then ended, and the financial highlights in Note 6 for each of the years presented in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2023, by correspondence with the transfer agent of the underlying mutual funds. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the Separate Account’s auditor since 1996.

Richmond, Virginia

April 18, 2024

 

F-1


Table of Contents

Appendix

Statement of assets and liabilities as of December 31, 2023, the related statement of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the financial highlights for the five year or lessor period then ended.

AB Cap Fund, Inc.

AB Small Cap Growth Portfolio — Class A

AB Trust

AB International Value Fund — Class A

AIM Counselor Series Trust (Invesco Counselor Series Trust)

Invesco Capital Appreciation Fund — Class A

AIM Equity Funds (Invesco Equity Funds)

Invesco Charter Fund — Class A

Invesco Main Street Fund® — Class A

AIM Growth Series (Invesco Growth Series)

Invesco Main Street Mid Cap Fund® — Class A

AIM International Mutual Funds (Invesco International Mutual Funds)

Invesco Global Fund — Class A

AIM Sector Funds (Invesco Sector Funds)

Invesco Comstock Fund — Class A

Allspring Funds Trust

Allspring Disciplined U.S. Core Fund — Class A

Allspring Special Large Cap Value Fund — Class A (1)

Allspring Treasury Plus Money Market Fund — Class A

American Century Capital Portfolios, Inc.

American Century Equity Income Fund — A Class

American Century Government Income Trust

American Century Inflation — Adjusted Bond Fund — A Class

BlackRock Global Allocation Fund, Inc.

BlackRock Global Allocation Fund — Investor A

BlackRock Large Cap Focus Value Fund, Inc.

BlackRock Large Cap Focus Value Fund, Inc. — Investor A

Calamos Investment Trust

Calamos Growth Fund — Class A

Cohen & Steers Global Realty Shares, Inc.

Cohen & Steers Global Realty Shares — Class A

Columbia Acorn Trust

Columbia Acorn Fund — Class A

Columbia Acorn International SelectSM — Class A

Columbia Funds Series Trust

Columbia Large Cap Growth Opportunity Fund — Class A

Columbia Select Mid Cap Value Fund — Class A

Davis New York Venture Fund, Inc.

Davis New York Venture Fund — Class A

Eaton Vance Mutual Funds Trust

Eaton Vance Floating-Rate Fund — Class A

Eaton Vance Special Investment Trust

Eaton Vance Large-Cap Value Fund — Class A

Federated Hermes Equity Funds

Federated Hermes Kaufmann Fund — Class A

Fidelity Advisor Series I

Fidelity Advisor® Balanced Fund — Class A

Fidelity Advisor® Equity Growth Fund — Class A

Fidelity Advisor® Leveraged Company Stock Fund — Class A

 

F-2


Table of Contents

Fidelity Advisor Series II

Fidelity Advisor® Mid Cap II Fund — Class A

Fidelity Contrafund

Fidelity Advisor® New Insights Fund — Class A

Franklin Fund Allocator Series

Franklin Global Allocation Fund — Class A

Franklin Value Investors Trust

Franklin Small Cap Value Fund — Class A

JPMorgan Trust II

JPMorgan Core Bond Fund — Class A

JPMorgan Investor Growth & Income Fund — Class A

Janus Investment Fund

Janus Henderson Forty Fund — Class A

Legg Mason Global Asset Management Trust

ClearBridge Value Trust — Class FI

Legg Mason Partners Variable Equity Trust

ClearBridge Aggressive Growth Fund — Class FI

Lord Abbett Affiliated Fund, Inc.

Lord Abbett Affiliated Fund — Class A

Lord Abbett Bond Debenture Fund, Inc.

Lord Abbett Bond Debenture Fund — Class A

Lord Abbett Mid Cap Stock Fund, Inc.

Lord Abbett Mid Cap Stock Fund — Class A

PIMCO Funds

PIMCO High Yield Fund — Class A

PIMCO Long-Term U.S. Government Fund — Class A

PIMCO Low Duration Fund — Class A

PIMCO Total Return Fund — Class A

Prudential Investment Portfolios 18

PGIM Jennison Focused Growth Fund — Class A

Prudential Jennison Natural Resources Fund, Inc.

PGIM Jennison Natural Resources Fund, Inc. — Class A

Putnam Investment Funds

Putnam International Capital Opportunities Fund — Class A

T. Rowe Price Capital Appreciation Fund

T. Rowe Price Capital Appreciation Fund — Advisor Class

T. Rowe Price Equity Income Fund

T. Rowe Price Equity Income Fund — Advisor Class

T. Rowe Price Growth Stock Fund, Inc.

T. Rowe Price Growth Stock Fund — Advisor Class

The AB Portfolios

AB All Market Total Return Portfolio — Class A

AB Wealth Appreciation Strategy — Class A

The Advisors’ Inner Circle Fund III

First Foundation Total Return Fund — Class A

Thornburg Investment Trust

Thornburg International Equity Fund — Class A

Thornburg Small/Mid Cap Growth Fund — Class A

Virtus Investment Trust

Virtus NFJ International Value Fund — Class A

Virtus NFJ Large-Cap Value Fund — Class A

 

(1)

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

 

F-3


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Assets and Liabilities

December 31, 2023

 

    AB Cap Fund,
Inc.
    AB Trust    
AIM Counselor
Series Trust
(Invesco
Counselor
Series Trust)
    AIM Equity Funds
(Invesco Equity Funds)
 
     AB
Small Cap
Growth
Portfolio —
Class A
    AB
International
Value
Fund —
Class A
    Invesco
Capital
Appreciation
Fund —
Class A
    Invesco
Charter
Fund —
Class A
    Invesco
Main
Street
Fund® —
Class A
 
Assets:          
Investments at fair value (note 2b)     $—        $—        $99,071       $—        $—   
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     —        —        99,071       —        —   
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     —        —        4       —        —   
Payable for units withdrawn     —        —        1       —        —   
Total liabilities     —        —        5       —        —   
Net assets     $—        $—        $99,066       $—        $—   
Investments in securities at cost     $—        $—        $85,924       $—        $—   
Shares outstanding     —        —        1,541       —        —   

 

    American
Century
Government
Income Trust
    BlackRock
Global
Allocation
Fund, Inc.
    BlackRock
Large Cap
Focus Value
Fund, Inc.
    Calamos
Investment
Trust
    Cohen & Steers
Global Realty
Shares, Inc.
 
    
American Century
Inflation-
Adjusted Bond
Fund —
A Class
    BlackRock
Global Allocation
Fund —
Investor A
    BlackRock Large
Cap Focus Value
Fund, Inc. —
Investor A
    Calamos
Growth
Fund —
Class A
    Cohen & Steers
Global Realty
Shares, Inc. —
Class A
 
Assets:          
Investments at fair value (note 2b)     $147,016       $200,953       $52,673       $13,963       $50,126  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        17       —        —        —   
Total assets     147,016       200,970       52,673       13,963       50,126  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     6       9       2       1       2  
Payable for units withdrawn     —        —        1       —        1  
Total liabilities     6       9       3       1       3  
Net assets     $147,010       $200,961       $52,670       $13,962       $50,123  
Investments in securities at cost     $164,480       $203,840       $51,750       $13,397       $48,984  
Shares outstanding     14,191       10,993       2,925       391       969  

 

See accompanying notes to financial statements.

 

F-4


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Assets and Liabilities — Continued

December 31, 2023

 

AIM Growth
Series (Invesco
Growth Series)
    AIM
International
Mutual Funds
(Invesco
International
Mutual Funds)
    AIM Sector
Funds (Invesco
Sector Funds)
    Allspring Funds Trust     American
Century Capital
Portfolios, Inc.
 
Invesco Main
Street Mid Cap
Fund® —
Class A
    Invesco
Global
Fund —
Class A
    Invesco
Comstock
Fund —
Class A
    Allspring
Disciplined U.S.
Core Fund—
Class A
    Allspring Special
Large Cap Value
Fund —
Class A
    Allspring
Treasury Plus
Money Market
Fund —
Class A
    American Century
Equity Income
Fund —
A Class
 
           
  $49,548       $20,962       $70,748       $—        $—        $1       $—   
  —        —        —        —        —        —        —   
  —        —        —        —        —        —        —   
  49,548       20,962       70,748       —        —        1       —   
           
  2       1       3       —        —        —        —   
  1       —        1       —        —        1       —   
  3       1       4       —        —        1       —   
  $49,545       $20,961       $70,744       $—        $—        $—        $—   
  $48,563       $22,999       $73,813       $—        $—        $1       $—   
  1,854       233       2,590       —        —        1       —   

 

Columbia Acorn Trust     Columbia Funds Series Trust     Davis New York
Venture Fund,
Inc.
    Eaton Vance
Mutual Funds
Trust
    Eaton Vance
Special
Investment
Trust
 
Columbia
Acorn
Fund —
Class A
    Columbia
Acorn
International
SelectSM —
Class A
    Columbia
Large Cap
Growth
Opportunity
Fund —
Class A
    Columbia Select
Mid Cap Value
Fund —
Class A
    Davis New York
Venture Fund —
Class A
    Eaton Vance
Floating-Rate
Fund —
Class A
    Eaton Vance
Large-Cap
Value Fund —
Class A
 
           
  $70,546       $—        $49,768       $4,775       $9,562       $78,246       $1  
  —        —        —        —        —        810       —   
  —        —        —        —        —        —        —   
  70,546       —        49,768       4,775       9,562       79,056       1  
           
  3       —        2       —        —        3       1  
  —        —        1       —        1       —        —   
  3       —        3       —        1       3       1  
  $70,543       $—        $49,765       $4,775       $9,561       $79,053       $—   
  $98,394       $—        $48,503       $3,995       $10,276       $78,598       $1  
  9,419       —        3,517       368       360       8,994       —   

 

See accompanying notes to financial statements.

 

F-5


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Assets and Liabilities — Continued

December 31, 2023

 

   
Federated
Hermes Equity
Funds
    Fidelity Advisor Series I     Fidelity
Advisor
Series II
 
     Federated
Hermes
Kaufmann
Fund —
Class A
    Fidelity Advisor®
Balanced
Fund —
Class A
    Fidelity Advisor®
Equity Growth
Fund —
Class A
    Fidelity Advisor®
Leveraged
Company Stock
Fund —
Class A
    Fidelity Advisor®
Mid Cap II
Fund —
Class A
 
Assets:          
Investments at fair value (note 2b)     $13,729       $5,618       $67,260       $—        $—   
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     13,729       5,618       67,260       —        —   
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     1       —        3       —        —   
Payable for units withdrawn     —        —        —        —        —   
Total liabilities     1       —        3       —        —   
Net assets     $13,728       $5,618       $67,257       $—        $—   
Investments in securities at cost     $15,617       $3,819       $57,806       $—        $—   
Shares outstanding     2,615       213       3,938       —        —   

 

   
Legg Mason
Partners
Variable Equity
Trust
    Lord Abbett
Affiliated Fund,
Inc.
    Lord Abbett
Bond
Debenture
Fund, Inc.
    Lord Abbett
Mid Cap Stock
Fund, Inc.
    PIMCO Funds  
    

ClearBridge
Aggressive
Growth Fund —
Class FI
    Lord Abbett
Affiliated
Fund —
Class A
    Lord Abbett
Bond Debenture
Fund —
Class A
    Lord Abbett Mid
Cap Stock
Fund —
Class A
    PIMCO High
Yield Fund —
Class A
 
Assets:          
Investments at fair value (note 2b)     $1       $—        $79,157       $—        $79,296  
Dividend receivable     —        —        368       —        379  
Receivable for units sold     —        —        —        —        —   
Total assets     1       —        79,525       —        79,675  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     1       —        4       —        3  
Payable for units withdrawn     —        —        —        —        —   
Total liabilities     1       —        4       —        3  
Net assets     $—        $—        $79,521       $—        $79,672  
Investments in securities at cost     $—        $—        $77,877       $—        $86,473  
Shares outstanding     —        —        11,180       —        9,924  

 

See accompanying notes to financial statements.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Assets and Liabilities — Continued

December 31, 2023

 

Fidelity
Contrafund
    Franklin Fund
Allocator
Series
    Franklin Value
Investors
Trust
    JPMorgan Trust II     Janus
Investment
Fund
    Legg Mason
Global Asset
Management
Trust
 
Fidelity
Advisor®
New Insights
Fund —
Class A
    Franklin Global
Allocation
Fund —
Class A
    Franklin Small
Cap Value
Fund —
Class A
    JPMorgan
Core Bond
Fund —
Class A
    JPMorgan
Investor
Growth & Income
Fund —
Class A
    Janus Henderson
Forty Fund —
Class A
    ClearBridge
Value Trust —
Class FI
 
           
  $270,955       $316,986       $49,980       $111,329       $—        $67,294       $—   
  —        —        —        —        —        —        —   
  —        301       —        —        —        —        —   
  270,955       317,287       49,980       111,329       —        67,294       —   
           
  12       14       2       5       —        3       —   
  —        —        1       —        —        1       —   
  12       14       3       5       —        4       —   
  $270,943       $317,273       $49,977       $111,324       $—        $67,290       $—   
  $261,450       $264,631       $49,711       $123,726       $—        $58,991       $—   
  8,337       22,626       930       10,809       —        1,473       —   

 

PIMCO Funds (continued)     Prudential
Investment
Portfolios 18
    Prudential
Jennison
Natural
Resources
Fund, Inc.
    Putnam
Investment
Funds
    T. Rowe Price
Capital
Appreciation
Fund
 
PIMCO
Long-Term U.S.
Government
Fund —
Class A
    PIMCO Low
Duration
Fund —
Class A
    PIMCO Total
Return
Fund —
Class A
    PGIM Jennison
Focused Growth
Fund —
Class A
    PGIM Jennison
Natural Resources
Fund, Inc. —
Class A
    Putnam
International
Capital
Opportunities
Fund —
Class A
    T. Rowe Price
Capital
Appreciation
Fund —
Advisor Class
 
           
  $249,302       $149,358       $339,103       $13,722       $—        $50,348       $4,792  
  543       499       968       —        —        —        —   
  —        —        —        —        —        —        —   
  249,845       149,857       340,071       13,722       —        50,348       4,792  
           
  10       6       15       1       —        3       —   
  —        —        —        —        —        1       —   
  10       6       15       1       —        4       —   
  $249,835       $149,851       $340,056       $13,721       $—        $50,344       $4,792  
  $250,884       $158,526       $375,800       $13,839       $—        $44,164       $4,322  
  16,642       16,235       39,203       676       —        1,288       144  

 

See accompanying notes to financial statements.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Assets and Liabilities — Continued

December 31, 2023

 

    T. Rowe Price
Equity Income
Fund
    T. Rowe Price
Growth Stock
Fund, Inc.
    The AB Portfolios     The Advisors’
Inner Circle
Fund III
 
     T. Rowe Price
Equity Income
Fund —
Advisor Class
    T. Rowe Price
Growth Stock
Fund —
Advisor Class
    AB All Market
Total Return
Portfolio —
Class A
    AB Wealth
Appreciation
Strategy —
Class A
    First Foundation
Total Return
Fund —
Class A
 
Assets:          
Investments at fair value (note 2b)     $88,310       $1       $115,800       $49,776       $73,892  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     88,310       1       115,800       49,776       73,892  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     4       1       5       2       2  
Payable for units withdrawn     1       —        12       1       307  
Total liabilities     5       1       17       3       309  
Net assets     $88,305       $—        $115,783       $49,773       $73,583  
Investments in securities at cost     $87,148       $1       $111,531       $48,732       $75,709  
Shares outstanding     2,633       —        8,149       2,683       2,788  

 

See accompanying notes to financial statements.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Assets and Liabilities — Continued

December 31, 2023

 



Thornburg Investment Trust
    Virtus Investment Trust                    
Thornburg
International
Equity Fund —
Class A
    Thornburg
Small/Mid Cap
Growth Fund —
Class A
    Virtus NFJ
International
Value Fund —
Class A
    Virtus NFJ
Large-Cap
Value Fund —
Class A
                   
           
  $—        $1       $9,592       $—         
  —        —        —        —         
  —        —        —        —         
  —        1       9,592       —         
           
  —        1       —        —         
  —        —        1       —         
  —        1       1       —         
  $—        $—        $9,591       $—         
  $—        $1       $9,138       $—         
  —        —        502       —         

 

See accompanying notes to financial statements.

 

F-9


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Operations

 

    AB Cap Fund,
Inc.
    AB Trust    
AIM Counselor
Series Trust
(Invesco
Counselor
Series Trust)
    AIM Equity Funds
(Invesco Equity Funds)
 
    AB
Small Cap
Growth
Portfolio —
Class A
    AB
International
Value
Fund —
Class A
    Invesco
Capital
Appreciation
Fund —
Class A
    Invesco
Charter
Fund —
Class A
    Invesco
Main
Street
Fund® —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
 
Investment income and expense:          
Income — Ordinary dividends     $—        $—        $—        $—        $—   
Mortality and expense risk and administrative charges (note 4a)     —        414       1,055       1,659       2,074  
Net investment income (expense)     —        (414     (1,055     (1,659     (2,074
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     —        11,563       1,209       17,693       (36,203
Change in unrealized appreciation (depreciation)     —        (3,557     17,478       17,501       78,874  
Capital gain distributions     —        —        —        —        —   
Net realized and unrealized gain (loss) on investments     —        8,006       18,687       35,194       42,671  
Increase (decrease) in net assets from operations     $—        $7,592       $17,632       $33,535       $40,597  

 

    American
Century
Government
Income Trust
    BlackRock
Global
Allocation
Fund, Inc.
    BlackRock
Large Cap
Focus Value
Fund, Inc.
    Calamos
Investment
Trust
    Cohen & Steers
Global Realty
Shares, Inc.
 
   
American Century
Inflation-
Adjusted Bond
Fund —
A Class
    BlackRock
Global Allocation
Fund —
Investor A
    BlackRock Large
Cap Focus Value
Fund, Inc. —
Investor A
    Calamos
Growth
Fund —
Class A
    Cohen & Steers
Global Realty
Shares, Inc. —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
 
Investment income and expense:          
Income — Ordinary dividends     $6,608       $2,290       $1,083       $—        $635  
Mortality and expense risk and administrative charges (note 4a)     2,727       3,008       753       635       319  
Net investment income (expense)     3,881       (718     330       (635     316  
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (9,062     (1,743     (259     (1,273     (289
Change in unrealized appreciation (depreciation)     7,254       21,789       5,328       17,624       1,142  
Capital gain distributions     —        —        1,369       595       —   
Net realized and unrealized gain (loss) on investments     (1,808     20,046       6,438       16,946       853  
Increase (decrease) in net assets from operations     $2,073       $19,328       $6,768       $16,311       $1,169  

 

See accompanying notes to financial statements.

 

F-10


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Operations — Continued

 

AIM Growth
Series (Invesco
Growth Series)
    AIM
International
Mutual Funds
(Invesco
International
Mutual Funds)
    AIM Sector
Funds (Invesco
Sector Funds)
    Allspring Funds Trust     American
Century Capital
Portfolios, Inc.
 
Invesco Main
Street Mid Cap
Fund®
Class A
    Invesco
Global
Fund —
Class A
    Invesco
Comstock
Fund —
Class A
    Allspring
Disciplined U.S.
Core Fund —
Class A
    Allspring Special
Large Cap Value
Fund —
Class A
    Allspring
Treasury Plus
Money Market
Fund —
Class A
    American Century
Equity Income
Fund —
A Class
 
Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
 
           
  $—        $—        $762       $—        $—        $52       $—   
 

318

 
    347       664       —        —        21       —   
  (318     (347     98       —        —        31       —   
           
  (194     (1,332     (571     —        —        —        —   
  984       5,566       (1     —        —        —        —   
  —        2,045       4,443       —        —        —        —   
  790       6,279       3,871       —        —        —        —   
  $472       $5,932       $3,969       $—        $—        $31       $—   

 

Columbia Acorn Trust     Columbia Funds Series Trust     Davis New York
Venture Fund,
Inc.
    Eaton Vance
Mutual Funds
Trust
    Eaton Vance
Special
Investment
Trust
 
Columbia
Acorn
Fund —
Class A
    Columbia
Acorn
International
SelectSM
Class A
    Columbia
Large Cap
Growth
Opportunity
Fund —
Class A
    Columbia Select
Mid Cap Value
Fund —
Class A
    Davis New York
Venture Fund —
Class A
    Eaton Vance
Floating-Rate
Fund —
Class A
    Eaton Vance
Large-Cap
Value Fund —
Class A
 
Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
 
           
  $—        $—        $—        $38       $83       $6,872       $258  
 

1,078

 
    —        1,150       75       151       1,238       411  
  (1,078     —        (1,150     (37     (68     5,634       (153
           
  (7,776     —        (6,090     136       (454     (330     6,064  
  21,359       —        29,083       320       2,225       2,652       (3,287
  —        —        —        22       661       —        —   
  13,583       —        22,993       478       2,432       2,322       2,777  
  $12,505       $—        $21,843       $441       $2,364       $7,956       $2,624  

 

See accompanying notes to financial statements.

 

F-11


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Operations — Continued

 

   
Federated
Hermes Equity
Funds
    Fidelity Advisor Series I     Fidelity
Advisor
Series II
 
    Federated
Hermes
Kaufmann
Fund —
Class A
    Fidelity Advisor®
Balanced
Fund —
Class A
    Fidelity Advisor®
Equity Growth
Fund —
Class A
    Fidelity Advisor®
Leveraged
Company Stock
Fund —
Class A
    Fidelity Advisor®
Mid Cap II
Fund —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
 
Investment income and expense:          
Income — Ordinary dividends     $—        $83       $—        $—        $—   
Mortality and expense risk and administrative charges (note 4a)     213       78       846       —        —   
Net investment income (expense)     (213     5       (846     —        —   
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (293     263       653       —        —   
Change in unrealized appreciation (depreciation)     1,880       731       15,269       —        —   
Capital gain distributions     258       4       377       —        —   
Net realized and unrealized gain (loss) on investments     1,845       998       16,299       —        —   
Increase (decrease) in net assets from operations     $1,632       $1,003       $15,453       $—        $—   

 

   
Legg Mason
Partners
Variable Equity
Trust
    Lord Abbett
Affiliated Fund,
Inc.
    Lord Abbett
Bond
Debenture
Fund, Inc.
    Lord Abbett
Mid Cap Stock
Fund, Inc.
    PIMCO Funds  
   

ClearBridge
Aggressive
Growth Fund —
Class FI
    Lord Abbett
Affiliated
Fund —
Class A
    Lord Abbett
Bond Debenture
Fund —
Class A
    Lord Abbett Mid
Cap Stock
Fund —
Class A
    PIMCO High
Yield Fund —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
 
Investment income and expense:          
Income — Ordinary dividends     $—        $—        $1,935       $—        $4,494  
Mortality and expense risk and administrative charges (note 4a)     —        —        532       —        1,237  
Net investment income (expense)     —        —        1,403       —        3,257  
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     —        —        (272     —        (2,793
Change in unrealized appreciation (depreciation)     —        —        1,281       —        7,604  
Capital gain distributions     —        —        —        —        —   
Net realized and unrealized gain (loss) on investments     —        —        1,009       —        4,811  
Increase (decrease) in net assets from operations     $—        $—        $2,412       $—        $8,068  

 

See accompanying notes to financial statements.

 

F-12


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Operations — Continued

 

Fidelity
Contrafund
    Franklin Fund
Allocator
Series
    Franklin Value
Investors
Trust
    JPMorgan Trust II     Janus
Investment
Fund
    Legg Mason
Global Asset
Management
Trust
 
Fidelity
Advisor®
New Insights
Fund —
Class A
    Franklin Global
Allocation
Fund —
Class A
    Franklin Small
Cap Value
Fund —
Class A
    JPMorgan
Core Bond
Fund —
Class A
    JPMorgan
Investor
Growth & Income
Fund —
Class A
    Janus Henderson
Forty Fund —
Class A
    ClearBridge
Value Trust —
Class FI
 
Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
 
           
  $506       $5,391       $415       $7,098       $—        $9       $—   
 

2,000

 
    4,907       319       3,541       —        846       —   
  (1,494     484       96       3,557       —        (837     —   
           
  (78     4,309       (158     (33,780     —        1,876       —   
  14,718       28,242       269       37,988       —        10,656       —   
  12,571       —        1,799       —        —        5,287       —   
  27,211       32,551       1,910       4,208       —        17,819       —   
  $25,717       $33,035       $2,006       $7,765       $—        $16,982       $—   

 

PIMCO Funds (continued)     Prudential
Investment
Portfolios 18
    Prudential
Jennison
Natural
Resources
Fund, Inc.
    Putnam
Investment
Funds
    T. Rowe Price
Capital
Appreciation
Fund
 
PIMCO
Long-Term U.S.
Government
Fund —
Class A
    PIMCO Low
Duration
Fund —
Class A
    PIMCO Total
Return
Fund —
Class A
    PGIM Jennison
Focused Growth
Fund —
Class A
    PGIM Jennison
Natural Resources
Fund, Inc. —
Class A
    Putnam
International
Capital
Opportunities
Fund —
Class A
    T. Rowe Price
Capital
Appreciation
Fund —
Advisor Class
 
Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
 
           
  $3,257       $5,835       $13,748       $—        $—        $208       $86  
 

1,669

 
    2,245       5,986       215       —        732       75  
  1,588       3,590       7,762       (215     —        (524     11  
           
  (3,322     (2,559     (20,657     (909     —        773       31  
  (1,582     4,056       27,705       6,399       —        5,766       561  
  —        —        —        —        —        399       95  
  (4,904     1,497       7,048       5,490       —        6,938       687  
  $(3,316     $5,087       $14,810       $5,275       $—        $6,414       $698  

 

See accompanying notes to financial statements.

 

F-13


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Operations — Continued

 

    T. Rowe Price
Equity Income
Fund
    T. Rowe Price
Growth Stock
Fund, Inc.
    The AB Portfolios     The Advisors’
Inner Circle
Fund III
 
    T. Rowe Price
Equity Income
Fund —
Advisor Class
    T. Rowe Price
Growth Stock
Fund —
Advisor Class
    AB All Market
Total Return
Portfolio —
Class A
    AB Wealth
Appreciation
Strategy —
Class A
    First Foundation
Total Return
Fund —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
 
Investment income and expense:          
Income — Ordinary dividends     $1,468       $—        $1,425       $525       $3,848  
Mortality and expense risk and administrative charges (note 4a)     1,185       —        1,207       319       976  
Net investment income (expense)     283       —        218       206       2,872  
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     35       —        (141     (93     350  
Change in unrealized appreciation (depreciation)     2,067       —        7,307       1,044       3,655  
Capital gain distributions     3,483       —        —        586       3,680  
Net realized and unrealized gain (loss) on investments     5,585       —        7,166       1,537       7,685  
Increase (decrease) in net assets from operations     $5,868       $—        $7,384       $1,743       $10,557  

 

See accompanying notes to financial statements.

 

F-14


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Operations — Continued

 



Thornburg Investment Trust
    Virtus Investment Trust                    
Thornburg
International
Equity Fund —
Class A
    Thornburg
Small/Mid Cap
Growth Fund —
Class A
    Virtus NFJ
International
Value Fund —
Class A
    Virtus NFJ
Large-Cap
Value Fund —
Class A
                   
Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
    Year ended
December 31,
2023
                   
           
  $—        $—        $146       $—         
 

— 

 
    —        150       —         
  —        —        (4     —         
           
  —        —        159       —         
  —        —        773       —         
  —        —        —        —         
  —        —        932       —         
  $—        $—        $928       $—         

 

See accompanying notes to financial statements.

 

F-15


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets

 

    AB Cap Fund, Inc.     AB Trust    

AIM Counselor Series Trust
(Invesco Counselor Series Trust)
 
    AB Small Cap
Growth
Portfolio —
Class A
    AB International
Value
Fund —
Class A
    Invesco Capital
Appreciation
Fund —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $—        $—        $(414     $260       $(1,055     $(333
Net realized gain (loss) on investments     —        (1     11,563       256       1,209       98  
Change in unrealized appreciation (depreciation) on investments     —        —        (3,557     3,557       17,478       (4,332
Capital gain distributions     —        —        —        —        —        407  
Increase (decrease) in net assets from operations     —        (1     7,592       4,073       17,632       (4,160
From capital transactions (note 4):            
Transfers for contract benefits and terminations     —        —        (1,779     (2,018     (6,231     (2,008
Administrative expenses     —        —        (591     (507     (1,592     (500
Transfers between subaccounts (including fixed account), net     —        1       (54,059     47,289       41,947       53,978  
Increase (decrease) in net assets from capital transactions     —        1       (56,429     44,764       34,124       51,470  
Increase (decrease) in net assets     —        —        (48,837     48,837       51,756       47,310  
Net assets at beginning of year     —        —        48,837       —        47,310       —   
Net assets at end of year     $—        $—        $—        $48,837       $99,066       $47,310  
Change in units (note 5):            
Units purchased     —        —        360       9,431       2,068       2,441  
Units redeemed     —        —        (7,951     (1,840     (825     (258
Net increase (decrease) in units from capital transactions with contract owners     —        —        (7,591     7,591       1,243       2,183  

 

See accompanying notes to financial statements.

 

F-16


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

AIM Equity Funds
(Invesco Equity Funds)
    AIM Growth Series
(Invesco Growth Series)
    AIM International Mutual
Funds (Invesco
International Mutual
Funds)
    AIM Sector Funds
(Invesco Sector Funds)
 

Invesco Charter
Fund —
Class A
    Invesco Main Street
Fund® —
Class A
    Invesco Main Street Mid
Cap Fund® —
Class A
    Invesco Global
Fund —
Class A
    Invesco Comstock
Fund —
Class A
 
Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
                 
                 
  $(1,659     $(62     $(2,074     $(1,294     $(318     $—        $(347     $(393     $98       $46  
  17,693       (1,189     (36,203     (15,901     (194     —        (1,332     (942     (571     (362
  17,501       (15,251     78,874       (50,435     984       —        5,566       (11,543     (1     (3,064
  —        6,300       —        8,257       —        —        2,045       2,608       4,443       2,112  
  33,535       (10,202     40,597       (59,373     472       —        5,932       (10,270     3,969       (1,268
                 
  (7,200     (9,635     (9,004     (28,022     (2,205     —        (2,310     (2,111     (4,524     (1,535
  (2,362     (2,291     (2,954     (5,115     (494     —        (572     (573     (1,062     (446
  (215,682     183,944       (269,173     35,282       51,772       —        (3,327     3,852       50,863       24,747  
  (225,244     172,018       (281,131     2,145       49,073       —        (6,209     1,168       45,277       22,766  
  (191,709     161,816       (240,534     (57,228     49,545       —        (277     (9,102     49,246       21,498  
  191,709       29,893       240,534       297,762       —        —        21,238       30,340       21,498       —   
  $—        $191,709       $—        $240,534       $49,545       $—        $20,961       $21,238       $70,744       $21,498  
                 
  311       9,840       231       2,812       2,044       —        92       327       1,872       990  
  (9,920     (1,400     (10,025     (2,540     (163     —        (387     (272     (312     (182
 

(9,609

    8,440       (9,794     272       1,881       —        (295     55       1,560       808  

 

See accompanying notes to financial statements.

 

F-17


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

   
Allspring Funds Trust
 
    Allspring
Disciplined U.S.
Core Fund —
Class A
    Allspring Special
Large Cap
Value Fund —
Class A
    Allspring Treasury
Plus Money
Market Fund —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $—        $—        $—        $—        $31       $173  
Net realized gain (loss) on investments     —        —        —        —        —        —   
Change in unrealized appreciation (depreciation) on investments     —        —        —        —        —        —   
Capital gain distributions     —        —        —        —        —        —   
Increase (decrease) in net assets from operations     —        —        —        —        31       173  
From capital transactions (note 4):            
Transfers for contract benefits and terminations     —        —        —        —        (84,615     (6,092
Administrative expenses     —        —        —        —        —        (628
Transfers between subaccounts (including fixed account), net     —        —        —        —        7,059       84,072  
Increase (decrease) in net assets from capital transactions     —        —        —        —        (77,556     77,352  
Increase (decrease) in net assets     —        —        —        —        (77,525     77,525  
Net assets at beginning of year     —        —        —        —        77,525       —   
Net assets at end of year     $—        $—        $—        $—        $—        $77,525  
Change in units (note 5):            
Units purchased     —        —        —        —        782       9,588  
Units redeemed     —        —        —        —        (9,602     (768
Net increase (decrease) in units from capital transactions with contract owners     —        —        —        —        (8,820     8,820  

 

See accompanying notes to financial statements.

 

F-18


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

American Century Capital
Portfolios, Inc.
    American Century
Government Income Trust
    BlackRock Global
Allocation Fund, Inc.
    BlackRock Large Cap
Focus Value Fund, Inc.
    Calamos Investment Trust  
American Century
Equity Income Fund —
A Class
    American Century
Inflation-Adjusted
Bond Fund —
A Class
    BlackRock Global
Allocation Fund —
Investor A
    BlackRock Large Cap
Focus Value Fund, Inc. —
Investor A
    Calamos
Growth
Fund —
Class A
 
Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
                 
                 
  $—        $—        $3,881       $9,182       $(718     $(3,195     $330       $353       $(635     $(883
  —        —        (9,062     (1,606     (1,743     (1,204     (259     (393     (1,273     (2,490
  —        —        7,254       (30,350     21,789       (48,050     5,328       (4,405     17,624       (19,598
  —        —        —        —        —        10,934       1,369       4,698       595       —   
  —        —        2,073       (22,774     19,328       (41,515     6,768       253       16,311       (22,971
                 
  —        —        (16,511     (14,571     (5,535     (5,747     (4,830     (2,017     (2,177     (5,038
  —        —        (4,160     (3,203     (4,083     (4,006     (1,109     (504     (834     (1,158
  —        —        (38,338     137,525       2,982       (5,843     3,411       50,698       (59,190     25,956  
  —        —        (59,009     119,751       (6,636     (15,596     (2,528     48,177       (62,201     19,760  
  —        —        (56,936     96,977       12,692       (57,111     4,240       48,430       (45,890     (3,211
  —        —        203,946       106,969       188,269       245,380       48,430       —        59,852       63,063  
  $—        $—        $147,010       $203,946       $200,961       $188,269       $52,670       $48,430       $13,962       $59,852  
                 
  —        —        2,158       13,981       728       825       432       2,583       89       1,642  
  —        —        (7,466     (3,875     (1,195     (1,880     (537     (325     (2,738     (655
 

— 

 
    —        (5,308     10,106       (467     (1,055     (105     2,258       (2,649     987  

 

See accompanying notes to financial statements.

 

F-19


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

    Cohen & Steers Global
Realty Shares, Inc.
    Columbia Acorn Trust  
    Cohen & Steers
Global Realty
Shares, Inc. —
Class A
    Columbia
Acorn
Fund —
Class A
    Columbia Acorn
International
SelectSM —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $316       $—        $(1,078     $(1,438     $—        $(2,227
Net realized gain (loss) on investments     (289     —        (7,776     (36,903     —        (108,004
Change in unrealized appreciation (depreciation) on investments     1,142       —        21,359       (13,541     —        (5,864
Capital gain distributions     —        —        —        7,152       —        9,308  
Increase (decrease) in net assets from operations     1,169       —        12,505       (44,730     —        (106,787
From capital transactions (note 4):            
Transfers for contract benefits and terminations     (2,199     —        (725     (3,368     —        (16,673
Administrative expenses     (493     —        (1,258     (1,606     —        (2,755
Transfers between subaccounts (including fixed account), net     51,646       —        (2,076     (17,624     —        (199,755
Increase (decrease) in net assets from capital transactions     48,954       —        (4,059     (22,598     —        (219,183
Increase (decrease) in net assets     50,123       —        8,446       (67,328     —        (325,970
Net assets at beginning of year     —        —        62,097       129,425       —        325,970  
Net assets at end of year     $50,123       $—        $70,543       $62,097       $—        $—   
Change in units (note 5):            
Units purchased     3,980       —        443       1,476       —        6,975  
Units redeemed     (424     —        (608     (2,607     —        (33,047
Net increase (decrease) in units from capital transactions with contract owners     3,556       —        (165     (1,131     —        (26,072

 

See accompanying notes to financial statements.

 

F-20


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

Columbia Funds Series Trust     Davis New York Venture
Fund, Inc.
    Eaton Vance Mutual
Funds Trust
    Eaton Vance Special
Investment Trust
 
Columbia Large Cap
Growth Opportunity
Fund —
Class A
    Columbia Select
Mid Cap Value Fund —
Class A
    Davis New York
Venture Fund —
Class A
    Eaton Vance
Floating-Rate Fund —
Class A
    Eaton Vance
Large-Cap
Value Fund —
Class A
 
Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
                 
                 
  $(1,150     $(989     $(37     $(57     $(68     $(18     $5,634       $2,292       $(153     $(141
  (6,090     (5,490     136       266       (454     (360     (330     (819     6,064       2,290  
  29,083       (18,066     320       (1,078     2,225       (2,294     2,652       (2,748     (3,287     (3,276
  —        6,438       22       252       661       515       —        —        —        1,454  
  21,843       (18,107     441       (617     2,364       (2,157     7,956       (1,275     2,624       327  
                 
  (5,823     (6,619     (363     (362     (725     (726     (10,105     (7,659     (1,778     (3,615
  (1,681     (1,417     (92     (94     (184     (188     (1,908     (1,383     (583     (789
  (60,029     76,085       194       (631     (1,112     (191     (324     44,222       (48,713     22,396  
  (67,533     68,049       (261     (1,087     (2,021     (1,105     (12,337     35,180       (51,074     17,992  
  (45,690     49,942       180       (1,704     343       (3,262     (4,381     33,905       (48,450     18,319  
  95,455       45,513       4,595       6,299       9,218       12,480       83,434       49,529       48,450       30,131  
  $49,765       $95,455       $4,775       $4,595       $9,561       $9,218       $79,053       $83,434       $—        $48,450  
                 
  241       4,463       31       17       33       51       620       4,827       228       1,696  
  (3,398     (920     (39     (62     (128     (100     (1,500     (2,112     (2,623     (727
 

(3,157

    3,543       (8     (45     (95     (49     (880     2,715       (2,395     969  

 

See accompanying notes to financial statements.

 

F-21


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

    Federated Hermes Equity
Funds
    Fidelity Advisor Series I  
   
Federated Hermes
Kaufmann Fund —
Class A
    Fidelity Advisor®
Balanced Fund —
Class A
    Fidelity Advisor® Equity
Growth Fund —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $(213     $(219     $5       $(26     $(846     $(546
Net realized gain (loss) on investments     (293     (383     263       239       653       (261
Change in unrealized appreciation (depreciation) on investments     1,880       (4,685     731       (1,795     15,269       (9,168
Capital gain distributions     258       —        4       223       377       1,050  
Increase (decrease) in net assets from operations     1,632       (5,287     1,003       (1,359     15,453       (8,925
From capital transactions (note 4):            
Transfers for contract benefits and terminations     —        —        (296     (360     (4,560     (3,613
Administrative expenses     (240     (228     (128     (127     (1,267     (779
Transfers between subaccounts (including fixed account), net     133       1,348       (374     260       10,087       31,137  
Increase (decrease) in net assets from capital transactions     (107     1,120       (798     (227     4,260       26,745  
Increase (decrease) in net assets     1,525       (4,167     205       (1,586     19,713       17,820  
Net assets at beginning of year     12,203       16,370       5,413       6,999       47,544       29,724  
Net assets at end of year     $13,728       $12,203       $5,618       $5,413       $67,257       $47,544  
Change in units (note 5):            
Units purchased     50       114       4       22       528       1,121  
Units redeemed     (52     (68     (38     (33     (435     (310
Net increase (decrease) in units from capital transactions with contract owners     (2     46       (34     (11     93       811  

 

See accompanying notes to financial statements.

 

F-22


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

Fidelity Advisor Series I
(continued)
    Fidelity Advisor Series II     Fidelity Contrafund     Franklin Fund Allocator
Series
    Franklin Value Investors
Trust
 
Fidelity Advisor®
Leveraged Company
Stock Fund —
Class A
    Fidelity Advisor®
Mid Cap II Fund —
Class A
    Fidelity Advisor®
New Insights Fund —
Class A
    Franklin Global
Allocation Fund —
Class A
    Franklin
Small Cap
Value Fund —
Class A
 
Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
                 
                 
  $—        $(135     $—        $—        $(1,494     $(559     $484       $8,443       $96       $—   
  —        688       —        —        (78     (5,333     4,309       4,882       (158     —   
  —        (3,376     —        —        14,718       (14,713     28,242       (63,071     269       —   
  —        —        —        —        12,571       3,585       —        —        1,799       —   
  —        (2,823     —        —        25,717       (17,020     33,035       (49,746     2,006       —   
                 
  —        (581     —        —        (11,593     (2,328     (15,744     (16,652     (2,199     —   
  —        (128     —        —        (2,904     (752     (7,760     (7,707     (494     —   
  —        (26,808     —        —        234,656       (18,605     (4,212     1,372       50,664       —   
  —        (27,517     —        —        220,159       (21,685     (27,716     (22,987     47,971       —   
  —        (30,340     —        —        245,876       (38,705     5,319       (72,733     49,977       —   
  —        30,340       —        —        25,067       63,772       311,954       384,687       —        —   
  $—        $—        $—        $—        $270,943       $25,067       $317,273       $311,954       $49,977       $—   
                 
  —        38       —        —        8,217       298       356       597       2,208       —   
  —        (1,320     —        —        (1,043     (1,124     (2,282     (2,197     (245     —   
 

— 

 
    (1,282     —        —        7,174       (826     (1,926     (1,600     1,963       —   

 

See accompanying notes to financial statements.

 

F-23


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

   
JPMorgan Trust II
    Janus Investment Fund  
    JPMorgan Core
Bond Fund —
Class A
    JPMorgan Investor
Growth & Income
Fund —
Class A
    Janus Henderson
Forty Fund —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $3,557       $2,733       $—        $—        $(837     $(334
Net realized gain (loss) on investments     (33,780     (15,328     —        —        1,876       126  
Change in unrealized appreciation (depreciation) on investments     37,988       (45,015     —        —        10,656       (2,353
Capital gain distributions     —        19       —        —        5,287       28  
Increase (decrease) in net assets from operations     7,765       (57,591     —        —        16,982       (2,533
From capital transactions (note 4):            
Transfers for contract benefits and terminations     (21,286     (41,902     —        —        (4,572     (2,002
Administrative expenses     (5,407     (7,633     —        —        (1,267     (501
Transfers between subaccounts (including fixed account), net     (194,958     5,269       —        —        8,565       52,618  
Increase (decrease) in net assets from capital transactions     (221,651     (44,266     —        —        2,726       50,115  
Increase (decrease) in net assets     (213,886     (101,857     —        —        19,708       47,582  
Net assets at beginning of year     325,210       427,067       —        —        47,582       —   
Net assets at end of year     $111,324       $325,210       $—        $—        $67,290       $47,582  
Change in units (note 5):            
Units purchased     2,751       6,913       —        —        615       2,224  
Units redeemed     (21,075     (10,459     —        —        (559     (285
Net increase (decrease) in units from capital transactions with contract owners     (18,324     (3,546     —        —        56       1,939  

 

See accompanying notes to financial statements.

 

F-24


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

Legg Mason Global Asset
Management Trust
    Legg Mason Partners
Variable Equity Trust
    Lord Abbett Affiliated
Fund, Inc.
    Lord Abbett Bond
Debenture Fund, Inc.
    Lord Abbett Mid Cap
Stock Fund, Inc.
 

ClearBridge
Value Trust —
Class FI
    ClearBridge Aggressive
Growth Fund —
Class FI
    Lord Abbett
Affiliated Fund —
Class A
    Lord Abbett Bond
Debenture Fund —
Class A
    Lord Abbett Mid Cap
Stock Fund —
Class A
 
Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
                 
                 
  $—        $—        $—        $(326     $—        $7       $1,403       $573       $—        $—   
  —        —        —        (20,140     —        3,430       (272     (6,368     —        —   
  —        —        —        10,454       —        (7,433     1,281       718       —        —   
  —        —        —        —        —        —        —        —        —        —   
  —        —        —        (10,012     —        (3,996     2,412       (5,077     —        —   
                 
  —        —        —        (2,650     —        (1,593     (7,092     (2,124     —        —   
  —        —        —        (424     —        (280     (826     (420     —        —   
  —        —        —        (33,428     —        (24,246     85,027       (35,955     —        —   
  —        —        —        (36,502     —        (26,119     77,109       (38,499     —        —   
  —        —        —        (46,514     —        (30,115     79,521       (43,576     —        —   
  —        —        —        46,514       —        30,115       —        43,576       —        —   
  $—        $—        $—        $—        $—        $—        $79,521       $—        $—        $—   
                 
  —        —        —        272       —        62       5,281       107       —        —   
  —        —        —        (1,976     —        (1,391     (634     (2,407     —        —   
 

— 

 
    —        —        (1,704     —        (1,329     4,647       (2,300     —        —   

 

See accompanying notes to financial statements.

 

F-25


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

   

PIMCO Funds
 
   
PIMCO High
Yield Fund —
Class A
    PIMCO Long-Term U.S.
Government Fund —
Class A
    PIMCO Low
Duration Fund —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $3,257       $3,656       $1,588       $602       $3,590       $192  
Net realized gain (loss) on investments     (2,793     (7,641     (3,322     (115,204     (2,559     (10,232
Change in unrealized appreciation (depreciation) on investments     7,604       (15,542     (1,582     42,361       4,056       (8,699
Capital gain distributions     —        1,587       —        —        —        —   
Increase (decrease) in net assets from operations     8,068       (17,940     (3,316     (72,241     5,087       (18,739
From capital transactions (note 4):            
Transfers for contract benefits and terminations     (10,073     (12,999     (22,586     (18,306     (14,173     (21,353
Administrative expenses     (1,905     (2,429     (2,561     (3,775     (3,635     (4,951
Transfers between subaccounts (including fixed account), net     1,235       (42,358     278,298       (287,157     6,245       (121,151
Increase (decrease) in net assets from capital transactions     (10,743     (57,786     253,151       (309,238     (11,563     (147,455
Increase (decrease) in net assets     (2,675     (75,726     249,835       (381,479     (6,476     (166,194
Net assets at beginning of year     82,347       158,073       —        381,479       156,327       322,521  
Net assets at end of year     $79,672       $82,347       $249,835       $—        $149,851       $156,327  
Change in units (note 5):            
Units purchased     385       405       21,633       2,782       1,620       1,781  
Units redeemed     (1,035     (3,920     (2,986     (22,920     (2,736     (15,809
Net increase (decrease) in units from capital transactions with contract owners     (650     (3,515     18,647       (20,138     (1,116     (14,028

 

See accompanying notes to financial statements.

 

F-26


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

PIMCO Funds (continued)     Prudential Investment
Portfolios 18
    Prudential Jennison
Natural Resources Fund,
Inc.
    Putnam Investment Funds     T. Rowe Price Capital
Appreciation Fund
 
PIMCO Total
Return Fund —
Class A
    PGIM Jennison
Focused
Growth Fund —
Class A
    PGIM Jennison Natural
Resources Fund, Inc. —
Class A
    Putnam International
Capital Opportunities
Fund —
Class A
    T. Rowe Price Capital
Appreciation Fund —
Advisor Class
 
Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
                 
                 
  $7,762       $9,457       $(215     $(428     $—        $—        $(524     $(313     $11       $(27
  (20,657     (15,213     (909     (11,088     —        —        773       (226     31       143  
  27,705       (57,331     6,399       (5,723     —        —        5,766       (3,914     561       (1,233
  —        —        —        —        —        —        399       —        95       333  
  14,810       (63,087     5,275       (17,239     —        —        6,414       (4,453     698       (784
                 
  (38,213     (36,783     —        (1,353     —        —        (3,990     (3,540     (363     (361
  (8,871     (7,736     (244     (499     —        —        (1,081     (781     (92     (94
  (48,683     177,071       (3,123     (14,856     —        —        13       27,442       (28     (457
  (95,767     132,552       (3,367     (16,708     —        —        (5,058     23,121       (483     (912
  (80,957     69,465       1,908       (33,947     —        —        1,356       18,668       215       (1,696
  421,013       351,548       11,813       45,760       —        —        48,988       30,320       4,577       6,273  
  $340,056       $421,013       $13,721       $11,813       $—        $—        $50,344       $48,988       $4,792       $4,577  
                 
  3,810       19,917       71       1,907       —        —        502       3,317       8       6  
  (11,562     (9,732     (534     (4,505     —        —        (896     (1,219     (25     (37
 

(7,752

    10,185       (463     (2,598     —        —        (394     2,098       (17     (31

 

See accompanying notes to financial statements.

 

F-27


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

   
T. Rowe Price Equity
Income Fund
    T. Rowe Price Growth
Stock Fund, Inc.
    The AB Portfolios  
   
T. Rowe Price
Equity Income Fund —
Advisor Class
    T. Rowe Price
Growth Stock Fund —
Advisor Class
    AB All Market
Total Return Portfolio —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $283       $201       $—        $(343     $218       $835  
Net realized gain (loss) on investments     35       1,741       —        (13,001     (141     83  
Change in unrealized appreciation (depreciation) on investments     2,067       (7,077     —        (2,440     7,307       (17,245
Capital gain distributions     3,483       2,968       —        —        —        —   
Increase (decrease) in net assets from operations     5,868       (2,167     —        (15,784     7,384       (16,327
From capital transactions (note 4):            
Transfers for contract benefits and terminations     (6,835     (5,131     —        (2,157     (3,432     (1,568
Administrative expenses     (1,818     (1,229     —        (395     (1,940     (1,389
Transfers between subaccounts (including fixed account), net     21,300       48,276       —        (41,441     50,798       5,976  
Increase (decrease) in net assets from capital transactions     12,647       41,916       —        (43,993     45,426       3,019  
Increase (decrease) in net assets     18,515       39,749       —        (59,777     52,810       (13,308
Net assets at beginning of year     69,790       30,041       —        59,777       62,973       76,281  
Net assets at end of year     $88,305       $69,790       $—        $—        $115,783       $62,973  
Change in units (note 5):            
Units purchased     1,161       2,693       —        297       4,004       509  
Units redeemed     (618     (830     —        (1,626     (621     (308
Net increase (decrease) in units from capital transactions with contract owners     543       1,863       —        (1,329     3,383       201  

 

See accompanying notes to financial statements.

 

F-28


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

The AB Portfolios
(continued)
    The Advisors’
Inner Circle
Fund III
    Thornburg Investment Trust     Virtus Investment Trust  
AB Wealth Appreciation
Strategy —
Class A
    First Foundation
Total Return Fund —
Class A
    Thornburg
International
Equity Fund —
Class A
    Thornburg
Small/Mid Cap
Growth Fund —
Class A
    Virtus NFJ International
Value Fund —
Class A
 
Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
                 
                 
  $206       $—        $2,872       $1,473       $—        $—        $—        $(210     $(4     $16  
  (93     —        350       118       —        (1     —        (21,080     159       135  
  1,044       —        3,655       (6,459     —        —        —        11,586       773       (2,521
  586       —        3,680       5,110       —        —        —        —        —        —   
  1,743       —        10,557       242       —        (1     —        (9,704     928       (2,370
                 
  (2,213     —        (417     (588     —        —        —        (1,608     (725     (724
  (495     —        (1,572     (1,522     —        —        —        (276     (184     (189
  50,738       —        (4,557     (9,798     —        1       —        (18,604     440       (172
  48,030       —        (6,546     (11,908     —        1       —        (20,488     (469     (1,085
  49,773       —        4,011       (11,666     —        —        —        (30,192     459       (3,455
  —        —        69,572       81,238       —        —        —        30,192       9,132       12,587  
  $49,773       $—        $73,583       $69,572       $—        $—        $—        $—        $9,591       $9,132  
                 
  3,009       —        241       41       —        —        —        360       216       271  
  (200     —        (579     (743     —        —        —        (1,448     (256     (388
 

2,809

 
    —        (338     (702     —        —        —        (1,088     (40     (117

 

See accompanying notes to financial statements.

 

F-29


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Statements of Changes in Net Assets — Continued

 

    Virtus Investment Trust
(continued)
 
    Virtus NFJ Large-Cap
Value Fund —
Class A
 
     Year ended
December 31,
2023
    Year ended
December 31,
2022
 
Increase (decrease) in net assets    
From operations:    
Net investment income (expense)     $—        $(1,043
Net realized gain (loss) on investments     —        20,639  
Change in unrealized appreciation (depreciation) on investments     —        (49,798
Capital gain distributions     —        —   
Increase (decrease) in net assets from operations     —        (30,202
From capital transactions (note 4):    
Transfers for contract benefits and terminations     —        (17,496
Administrative expenses     —        (2,539
Transfers between subaccounts (including fixed account), net     —        (241,731
Increase (decrease) in net assets from capital transactions     —        (261,766
Increase (decrease) in net assets     —        (291,968
Net assets at beginning of year     —        291,968  
Net assets at end of year     $—        $—   
Change in units (note 5):    
Units purchased     —        341  
Units redeemed     —        (14,256
Net increase (decrease) in units from capital transactions with contract owners     —        (13,915

 

See accompanying notes to financial statements.

 

F-30


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements

December 31, 2023

 

(1)

Description of Entity

Genworth Life of New York VA Separate Account 2 (the “Separate Account”) is a separate investment account established on January 17, 2008, by Genworth Life Insurance Company of New York (“GLICNY”), pursuant to the laws of the State of New York. GLICNY is a stock life insurance company incorporated under the laws of New York on February 23, 1988. GLICNY is owned 65.5% by Genworth Life Insurance Company (“GLIC”) and 34.5% by Genworth Life and Annuity Insurance Company (“GLAIC”). GLAIC is a direct, wholly-owned subsidiary of GLIC, and GLIC is a direct, wholly-owned subsidiary of Genworth North America Corporations (“GNA”), which is indirectly wholly-owned by Genworth Financial, Inc. (“Genworth”).

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

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

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

The Separate Account has subaccounts that currently invest in series or portfolios (“Portfolios”) of open-end mutual funds (“Funds”). Such Portfolios are also available for sale directly to the general public. GLICNY uses the Separate Account to support flexible purchase payment variable deferred annuity contracts issued by GLICNY, as well as other purposes permitted by law.

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

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

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

 

F-31


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

During the years ended December 31, 2023 and 2022, the following Portfolio name was changed:

 

Prior Portfolio Name

  

Current Portfolio Name

  

Effective Date

Allspring Funds Trust — Allspring Classic Value Fund — Class A

  

Allspring Funds Trust — Allspring Special Large Cap Value Fund — Class A

   April 29, 2022

All designated Portfolios listed above are series type mutual funds.

 

(2)

Summary of Significant Accounting Policies

(a) Basis of Presentation

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

(b) Investments

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

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

 

   

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

 

   

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

 

   

Level 3 — unobservable inputs.

The investments of the Separate Account are measured at fair value on a recurring basis. All investments are categorized as Level 1 as of December 31, 2023 and there were no transfers between the levels during 2023.

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

(c) Unit Classes

There are several unit classes of subaccounts based on the variable annuity contract through which the subaccounts are available. An indefinite number of units in each unit class is authorized. Each unit class has its own expense structure as noted in note 4(a) below. In January 2011, Genworth announced that its insurance company subsidiaries, including GLICNY,

 

F-32


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

would discontinue new sales of variable annuity products but would continue to service existing blocks of business. Although the contracts are no longer available for new sales, additional purchase payments may still be accepted under the terms of the contracts.

(d) Federal Income Taxes

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

(e) Net Assets

Net assets are currently attributable to contract owners in the accumulation period as no contract owners have begun receiving annuity payments.

(f) Subsequent Events

No material subsequent events have occurred since December 31, 2023 through April 18, 2024, the date the financial statements were available to be issued, that would require adjustment to the financial statements.

 

(3)

Purchases and Sales of Investments

The aggregate cost of investments acquired, and the aggregate proceeds of investments sold, for the year ended December 31, 2023 were:

 

Fund/Portfolio

   Cost of
Shares
Acquired
     Proceeds
from
Shares Sold
 

AB Cap Fund, Inc.

     

AB Small Cap Growth Portfolio — Class A

   $ —       $ —   

AB Trust

     

AB International Value Fund — Class A

     2,509        59,423  

AIM Counselor Series Trust (Invesco Counselor Series Trust)

     

Invesco Capital Appreciation Fund — Class A

     55,460        22,321  

AIM Equity Funds (Invesco Equity Funds)

     

Invesco Charter Fund — Class A

     6,458        233,272  

Invesco Main Street Fund® — Class A

     5,919        289,085  

AIM Growth Series (Invesco Growth Series)

     

Invesco Main Street Mid Cap Fund® — Class A

     53,136        4,378  

AIM International Mutual Funds (Invesco International Mutual Funds)

     

Invesco Global Fund — Class A

     3,964        8,475  

AIM Sector Funds (Invesco Sector Funds)

     

Invesco Comstock Fund — Class A

     59,173        9,352  

Allspring Funds Trust

     

Allspring Disciplined U.S. Core Fund — Class A

     —         —   

Allspring Special Large Cap Value Fund — Class A

     —         —   

Allspring Treasury Plus Money Market Fund — Class A

     7,347        84,644  

American Century Capital Portfolios, Inc.

     

American Century Equity Income Fund — A Class

     —         —   

 

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Notes to Financial Statements — Continued

December 31, 2023

 

Fund/Portfolio

   Cost of
Shares
Acquired
     Proceeds
from
Shares Sold
 

American Century Government Income Trust

     

American Century Inflation-Adjusted Bond Fund — A Class

   $ 30,696      $ 85,833  

BlackRock Global Allocation Fund, Inc.

     

BlackRock Global Allocation Fund — Investor A

     12,884        20,255  

BlackRock Large Cap Focus Value Fund, Inc.

     

BlackRock Large Cap Focus Value Fund, Inc. — Investor A

     12,150        12,993  

Calamos Investment Trust

     

Calamos Growth Fund — Class A

     2,437        64,612  

Cohen & Steers Global Realty Shares, Inc.

     

Cohen & Steers Global Realty Shares, Inc. — Class A

     55,142        5,868  

Columbia Acorn Trust

     

Columbia Acorn Fund — Class A

     8,708        13,845  

Columbia Acorn International SelectSM — Class A

     —         —   

Columbia Funds Series Trust

     

Columbia Large Cap Growth Opportunity Fund — Class A

     4,713        73,308  

Columbia Select Mid Cap Value Fund — Class A

     741        1,016  

Davis New York Venture Fund, Inc.

     

Davis New York Venture Fund — Class A

     1,401        2,829  

Eaton Vance Mutual Funds Trust

     

Eaton Vance Floating-Rate Fund — Class A

     15,290        22,426  

Eaton Vance Special Investment Trust

     

Eaton Vance Large-Cap Value Fund — Class A

     4,766        56,016  

Federated Hermes Equity Funds

     

Federated Hermes Kaufmann Fund — Class A

     1,313        1,376  

Fidelity Advisor Series I

     

Fidelity Advisor® Balanced Fund — Class A

     177        966  

Fidelity Advisor® Equity Growth Fund — Class A

     20,768        16,928  

Fidelity Advisor® Leveraged Company Stock Fund — Class A

     —         —   

Fidelity Advisor Series II

     

Fidelity Advisor® Mid Cap II Fund — Class A

     —         —   

Fidelity Contrafund

     

Fidelity Advisor® New Insights Fund — Class A

     264,811        33,565  

Franklin Fund Allocator Series

     

Franklin Global Allocation Fund — Class A

     10,358        37,891  

Franklin Value Investors Trust

     

Franklin Small Cap Value Fund — Class A

     56,051        6,181  

JPMorgan Trust II

     

JPMorgan Core Bond Fund — Class A

     40,581        258,660  

JPMorgan Investor Growth & Income Fund — Class A

     —         —   

Janus Investment Fund

     

Janus Henderson Forty Fund — Class A

     24,534        17,300  

Legg Mason Global Asset Management Trust

     

ClearBridge Value Trust — Class FI

     —         —   

Legg Mason Partners Variable Equity Trust

     

ClearBridge Aggressive Growth Fund — Class FI

     —         —   

Lord Abbett Affiliated Fund, Inc.

     

Lord Abbett Affiliated Fund — Class A

     —         —   

 

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Notes to Financial Statements — Continued

December 31, 2023

 

Fund/Portfolio

   Cost of
Shares
Acquired
     Proceeds
from
Shares Sold
 

Lord Abbett Bond Debenture Fund, Inc.

     

Lord Abbett Bond Debenture Fund — Class A

   $ 88,984      $ 10,836  

Lord Abbett Mid Cap Stock Fund, Inc.

     

Lord Abbett Mid Cap Stock Fund — Class A

     —         —   

PIMCO Funds

     

PIMCO High Yield Fund — Class A

     10,923        18,404  

PIMCO Long-Term U.S. Government Fund — Class A

     292,888        38,682  

PIMCO Low Duration Fund — Class A

     22,811        30,873  

PIMCO Total Return Fund — Class A

     61,684        149,138  

Prudential Investment Portfolios 18

     

PGIM Jennison Focused Growth Fund — Class A

     440        4,022  

Prudential Jennison Natural Resources Fund, Inc.

     

PGIM Jennison Natural Resources Fund, Inc. — Class A

     —         —   

Putnam Investment Funds

     

Putnam International Capital Opportunities Fund — Class A

     6,669        11,909  

T. Rowe Price Capital Appreciation Fund

     

T. Rowe Price Capital Appreciation Fund — Advisor Class

     420        798  

T. Rowe Price Equity Income Fund

     

T. Rowe Price Equity Income Fund — Advisor Class

     31,551        15,147  

T. Rowe Price Growth Stock Fund, Inc.

     

T. Rowe Price Growth Stock Fund — Advisor Class

     —         —   

The AB Portfolios

     

AB All Market Total Return Portfolio — Class A

     55,044        9,385  

AB Wealth Appreciation Strategy — Class A

     52,474        3,649  

The Advisors’ Inner Circle Fund III

     

First Foundation Total Return Fund — Class A

     11,971        11,659  

Thornburg Investment Trust

     

Thornburg International Equity Fund — Class A

     —         —   

Thornburg Small/Mid Cap Growth Fund — Class A

     —         —   

Virtus Investment Trust

     

Virtus NFJ International Value Fund — Class A

     1,769        2,242  

Virtus NFJ Large-Cap Value Fund — Class A

     —         —   

 

(4)

Related Party Transactions

(a) GLICNY

Net purchase payments (premiums) transferred from GLICNY to the Separate Account represent gross premiums recorded by GLICNY on its flexible premium variable deferred annuity contracts, less deductions retained as compensation for premium taxes. GLICNY may deduct charges for premium tax or other tax levied by any governmental entity from purchase payments or assets when the premium tax is incurred or when we pay proceeds under the contract. During the period of January 1, 2022 to December 31, 2023, there were no premiums received.

Charges are assessed under the contracts to cover mortality and expense risks that GLICNY assumes, certain administrative expenses, as well as any additional elective benefits provided under the contract. Contract owners may elect one of two separate classes of contracts available – one class that assesses a sales charge upon surrender of the contract within 7 years of receipt of the purchase payment (“Class B”), the other class which assesses a sales charge upon surrender of

 

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Notes to Financial Statements — Continued

December 31, 2023

 

the contract within 4 years of receipt of the purchase payment (“Class L”). There is also a charge assessed if the contract owner elects a joint annuitant, a living benefit rider option and/or a death benefit rider option.

The mortality and expense risk charge for the contract is lower if the contract owner elects Class B and higher if the contract owner elects Class L. As of December 31, 2023, the mortality and expense risk charge was 1.20% for Class B and 1.50% for Class L. As of December 31, 2023, the administrative expense charge for both classes was 0.15% and the joint annuitant charge for both classes was 0.05%. The administrative expense charge, mortality and expense risk charge and joint annuitant charge are assessed on the contract owners’ average daily net assets in the Separate Account and, therefore, are assessed through a reduction of unit values.

As of December 31, 2023, the charge for the living benefit rider options upon reset was 1.25% of benefit base and, if the Principal Protection Death Benefit (“PPDB”) was elected with the living benefit rider option, there is an additional charge that ranged from 0.15% to 0.50% of the value of the PPDB. The charge for the Annual Step-Up Death Benefit Rider (“ASDB”) as of December 31, 2023 was 0.20%. The charge for the ASDB is assessed as a percentage of contract value at the time the charge is taken. The charges for the living benefit riders, including the PPDB, and the ASDB are assessed through a redemption in units.

Note 6 demonstrates the total charge percentage by unit in a range. The unit class may encompass multiple contracts through a combination of one or more available rider options equal to the total amount assessed on a daily basis. The range of contract charges as of December 31, 2023 was 1.35% to 1.70% as a percentage of contract owners’ average daily net assets in the Separate Account and reflect a Class B contract with a single annuitant (lowest fee) to a Class L contract with joint annuitants. The charges for the living benefit riders, including the PPDB, and the ASDB rider are not reflected in this range because the charges are not assessed on the contract owners’ average daily net assets in the Separate Account. In addition to the charges described above, an annual contract maintenance charge of $30.00 is assessed to all contracts. This charge is taken on each contract anniversary and at the time the contract is surrendered. This charge is assessed through a redemption in units. This charge is not assessed if the contract owner’s contract value is $40,000 or more at the time the charge is due.

(b) Accrued Expenses Payable to Affiliate

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

(c) Capital Brokerage Corporation

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

 

(5)

Capital Transactions

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

The increase (decrease) in outstanding units and amounts by subaccount from capital transactions for the years ended December 31, 2023 and 2022 are reflected in the Statements of Changes in Net Assets.

 

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Notes to Financial Statements — Continued

December 31, 2023

 

(6)

Financial Highlights

GLICNY’s variable annuity products have unique combinations of features and fees that are assessed to the contract owner. Differences in fee structures result in a variety of contract expense rates, unit values, and total returns. A summary by subaccount of the outstanding units, unit values, net assets, expense ratios, investment income ratios, and total return ratios for the years or lesser periods ended December 31, 2023, 2022, 2021, 2020, and 2019 follows. This information is presented as a range based upon product grouping. Expenses are a percent of average net assets are presented as a range of lowest to highest contract expense rate. The unit value and total return ranges are presented to correlate to the respective expense rate. Accordingly, some individual contract amounts may not be within the ranges presented due to the timing of the introduction of new funds.

 

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

AB Cap Fund, Inc.

           

AB Small Cap Growth Portfolio — Class A

           

2023

    1.35% to 1.70%       —        36.83 to 34.84       —        0.00%       16.25% to   15.84%  

2022

    1.35% to 1.70%       —        31.68 to 30.08       —        0.00%       (39.91)% to (40.13)%  

2021

    1.35% to 1.70%       —        52.73 to 50.24       —        0.00%       7.86% to    7.47%  

2020

    1.35% to 1.70%       1,282       48.89 to 46.75       62       0.00%       51.52% to   50.98%  

2019

    1.35% to 1.70%       —        32.26 to 30.96       —        0.00%       33.94% to   33.46%  

AB Trust

           

AB International Value Fund — Class A

           

2023

    1.35% to 1.70%       —        7.45 to  7.05       —        0.00%       13.34% to   12.94%  

2022

    1.35% to 1.70%       7,591       6.57 to  6.24       49       1.18%       (12.01)% to (12.32)%  

2021

    1.35% to 1.70%       —        7.47 to  7.12       —        0.00%       9.27% to    8.88%  

2020

    1.35% to 1.70%       —        6.84 to  6.54       —        0.00%       0.64% to    0.28%  

2019

    1.35% to 1.70%       13,460       6.79 to  6.52       90       1.08%       14.91% to   14.50%  

AIM Counselor Series Trust (Invesco Counselor Series Trust)

           

Invesco Capital Appreciation Fund — Class A

           

2023

    1.35% to 1.70%       3,426       29.60 to 28.01       99       0.00%       33.69% to   33.22%  

2022

    1.35% to 1.70%       2,183       22.14 to 21.02       47       0.00%       (32.03)% to (32.27)%  

2021

    1.35% to 1.70%       —        32.57 to 31.04       —        0.00%       20.69% to   20.27%  

2020

    1.35% to 1.70%       —        26.99 to 25.81       —        0.00%       34.45% to   33.97%  

2019

    1.35% to 1.70%       5,596       20.07 to 19.26       111       0.00%       34.23% to   33.75%  

AIM Equity Funds (Invesco Equity Funds)

           

Invesco Charter Fund — Class A

           

2023

    1.35% to 1.70%       —        24.75 to 23.41       —        0.00%       21.38% to   20.95%  

2022

    1.35% to 1.70%       9,609       20.39 to 19.36       192       1.42%       (21.79)% to (22.07)%  

2021

    1.35% to 1.70%       1,169       26.07 to 24.84       30       0.32%       25.68% to   25.23%  

2020

    1.35% to 1.70%       —        20.74 to 19.83       —        0.00%       11.97% to   11.57%  

2019

    1.35% to 1.70%       —        18.52 to 17.78       —        0.00%       27.26% to   26.81%  

 

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Notes to Financial Statements — Continued

December 31, 2023

 

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

Invesco Main Street Fund® — Class A

           

2023

    1.35% to 1.70%       —        30.47 to 28.83       —        0.00%       21.41% to   20.98%  

2022

    1.35% to 1.70%       9,794       25.10 to 23.83       241       0.99%       (21.25)% to (21.53)%  

2021

    1.35% to 1.70%       9,522       31.87 to 30.37       298       0.53%       25.88% to   25.43%  

2020

    1.35% to 1.70%       —        25.32 to 24.21       —        0.00%       12.82% to   12.42%  

2019

    1.35% to 1.70%       20,457       22.44 to 21.53       454       0.82%       30.16% to   29.70%  

AIM Growth Series (Invesco Growth Series)

           

Invesco Main Street Mid Cap Fund® — Class A

           

2023

    1.35% to 1.70%       1,881       26.97 to 25.52       50       0.00%       12.94% to   12.54%  

2022

    1.35% to 1.70%       —        23.88 to 22.67       —        0.00%       (15.50)% to (15.80)%  

2021

    1.35% to 1.70%       —        28.26 to 26.93       —        0.00%       21.36% to   20.93%  

2020

    1.35% to 1.70%       3,749       23.28 to 22.27       86       0.00%       7.66% to    7.28%  

2019

    1.35% to 1.70%       7,538       21.63 to 20.76       161       0.00%       30.36% to   29.90%  

AIM International Mutual Funds (Invesco International Mutual Funds)

           

Invesco Global Fund — Class A

           

2023

    1.65% to 1.65%       882       23.82 to 23.82       21       0.00%       31.83% to   31.83%  

2022

    1.65% to 1.65%       1,177       18.07 to 18.07       21       0.00%       (33.26)% to (33.26)%  

2021

    1.65% to 1.65%       1,122       27.07 to 27.07       30       0.00%       13.46% to   13.46%  

2020

    1.35% to 1.70%       4,392       24.79 to 23.71       107       0.00%       25.90% to   25.45%  

2019

    1.35% to 1.70%       3,672       19.69 to 18.90       71       0.52%       29.79% to   29.33%  

AIM Sector Funds (Invesco Sector Funds)

           

Invesco Comstock Fund — Class A

           

2023

    1.35% to 1.70%       2,368       30.80 to 29.14       71       1.27%       10.73% to   10.34%  

2022

    1.65% to 1.65%       808       26.61 to 26.61       21       1.37%       (0.85)% to  (0.85)%  

2021

    1.35% to 1.70%       —        27.97 to 26.65       —        0.00%       31.52% to   31.05%  

2020

    1.35% to 1.70%       —        21.26 to 20.33       —        0.00%       (2.13)% to  (2.47)%  

2019

    1.35% to 1.70%       —        21.73 to 20.85       —        0.00%       23.65% to   23.21%  

Allspring Funds Trust

           

Allspring Disciplined U.S. Core Fund — Class A

           

2023

    1.35% to 1.70%       —        45.23 to 43.12       —        0.00%       24.24% to   23.80%  

2022

    1.35% to 1.70%       —        36.40 to 34.83       —        0.00%       (19.22% to (19.51)%  

2021

    1.35% to 1.70%       —        45.07 to 43.27       —        0.00%       28.66% to   28.21%  

2020

    1.35% to 1.70%       —        35.03 to 33.75       —        0.00%       14.44% to   14.04%  

2019

    1.35% to 1.70%       —        30.61 to 29.60       —        0.00%       26.91% to   26.46%  

Allspring Special Large Cap Value Fund — Class A

           

2023

    1.35% to 1.70%       —        33.09 to 31.55       —        0.00%       12.06% to   11.67%  

2022

    1.35% to 1.70%       —        29.53 to 28.25       —        0.00%       (7.85)% to  (8.18)%  

2021

    1.35% to 1.70%       —        32.04 to 30.77       —        0.00%       22.09% to   21.66%  

2020

    1.35% to 1.70%       —        26.25 to 25.29       —        0.00%       (0.30)% to  (0.66)%  

2019

    1.35% to 1.70%       —        26.33 to 25.46       —        0.00%       30.60% to   30.14%  

 

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Notes to Financial Statements — Continued

December 31, 2023

 

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

Allspring Treasury Plus Money Market Fund — Class A

           

2023

    1.35% to 1.70%       —        9.13 to  8.70       —        0.06%       3.19% to    2.83%  

2022

    1.40% to 1.40%       8,820       8.79 to  8.79       78       0.38%       (0.22)% to  (0.22)%  

2021

    1.35% to 1.70%       —        8.86 to  8.50       —        0.00%       (1.34)% to  (1.69)%  

2020

    1.35% to 1.70%       —        8.98 to  8.65       —        0.00%       (1.14)% to  (1.49)%  

2019

    1.35% to 1.70%       —        9.08 to  8.78       —        0.14%       0.26% to  (0.09)%  

American Century Capital Portfolios, Inc.

           

American Century Equity Income Fund — A Class

           

2023

    1.35% to 1.70%       —        24.36 to 23.05       —        0.00%       2.25% to    1.88%  

2022

    1.35% to 1.70%       —        23.83 to 22.62       —        0.00%       (4.68)% to  (5.02)%  

2021

    1.35% to 1.70%       —        25.00 to 23.82       —        0.82%       14.92% to   14.51%  

2020

    1.35% to 1.70%       2,858       21.75 to 20.80       61       1.24%       (0.53)% to  (0.89)%  

2019

    1.35% to 1.70%       —        21.87 to 20.99       —        0.00%       22.13% to   21.70%  

American Century Government Income Trust

           

American Century Inflation-Adjusted Bond Fund — A Class

           

2023

    1.35% to 1.70%       13,120       11.48 to 10.86       147       3.66%       1.43% to    1.07%  

2022

    1.35% to 1.70%       18,428       11.32 to 10.74       204       7.55%       (13.73)% to (14.03)%  

2021

    1.35% to 1.70%       8,322       13.12 to 12.50       107       4.05%       4.69% to    4.32%  

2020

    1.35% to 1.70%       11,383       12.53 to 11.98       141       1.19%       8.55% to    8.16%  

2019

    1.35% to 1.70%       32,114       11.54 to 11.08       367       2.13%       6.05% to    5.68%  

BlackRock Global Allocation Fund, Inc.

           

BlackRock Global Allocation Fund — Investor A

           

2023

    1.35% to 1.65%       12,986       15.98 to 15.24       201       1.19%       10.83% to   10.50%  

2022

    1.35% to 1.65%       13,453       14.42 to 13.79       188       0.00%       (17.18)% to (17.43)%  

2021

    1.35% to 1.65%       14,508       17.41 to 16.70       245       0.95%       5.01% to    4.69%  

2020

    1.35% to 1.65%       15,825       16.57 to 15.95       256       0.46%       19.16% to   18.80%  

2019

    1.35% to 1.65%       19,103       13.91 to 13.43       260       1.15%       15.63% to   15.28%  

BlackRock Large Cap Focus Value Fund, Inc.

           

BlackRock Large Cap Focus Value Fund, Inc. — Investor A

           

2023

    1.35% to 1.70%       2,153       25.06 to 23.71       53       2.17%       14.36% to   13.96%  

2022

    1.35% to 1.70%       2,258       21.91 to 20.81       48       1.36%       (6.14)% to  (6.47)%  

2021

    1.35% to 1.70%       —        23.35 to 22.25       —        0.00%       20.59% to   20.17%  

2020

    1.35% to 1.70%       —        19.36 to 18.51       —        0.00%       1.59% to    1.23%  

2019

    1.35% to 1.70%       —        19.06 to 18.29       —        0.00%       22.19% to   21.76%  

Calamos Investment Trust

           

Calamos Growth Fund — Class A

           

2023

    1.65% to 1.65%       562       24.76 to 24.76       14       0.00%       35.31% to   35.31%  

2022

    1.35% to 1.70%       3,211       19.13 to 18.16       60       0.00%       (34.23)% to (34.47)%  

2021

    1.35% to 1.70%       2,224       29.09 to 27.72       63       0.00%       21.61% to   21.18%  

2020

    1.35% to 1.65%       3,707       23.92 to 23.02       87       0.00%       31.13% to   30.73%  

2019

    1.35% to 1.65%       4,373       18.24 to 17.61       79       0.00%       29.34% to   28.95%  

 

F-39


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

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

Cohen & Steers Global Realty Shares, Inc.

           

Cohen & Steers Global Realty Shares, Inc — Class A

           

2023

    1.35% to 1.70%       3,556       14.43 to 13.65       50       1.33%       8.93% to    8.54%  

2022

    1.35% to 1.70%       —        13.25 to 12.58       —        0.00%       (26.32)% to (26.58)%  

2021

    1.35% to 1.70%       —        17.98 to 17.13       —        1.79%       24.67% to   24.23%  

2020

    1.35% to 1.70%       4,351       14.42 to 13.79       62       2.27%       (3.97)% to  (4.31)%  

2019

    1.35% to 1.70%       4,654       15.02 to 14.41       69       4.04%       22.70% to   22.26%  

Columbia Acorn Trust

           

Columbia Acorn Fund — Class A

           

2023

    1.65% to 1.65%       3,135       22.51 to 22.51       71       0.00%       19.59% to   19.59%  

2022

    1.65% to 1.65%       3,300       18.82 to 18.82       62       0.00%       (35.10)% to (35.10)%  

2021

    1.35% to 1.70%       4,431       30.22 to 28.80       129       0.95%       7.32% to    6.94%  

2020

    1.35% to 1.65%       3,823       28.16 to 27.10       105       0.00%       27.44% to   27.05%  

2019

    1.35% to 1.65%       4,217       22.10 to 21.33       91       0.00%       24.51% to   24.13%  

Columbia Acorn International SelectSM — Class A

           

2023

    1.35% to 1.70%       —        9.10 to 8.99       —        0.00%       16.54% to   16.12%  

2022

    1.35% to 1.70%       —        7.81 to 7.74       —        0.00%       (37.65)% to (37.87)%  

2021

    1.35% to 1.70%       26,072       12.53 to 12.46       326       0.72%       9.00% to    8.61%  

2020 (4)

    1.35% to 1.70%       7,752       11.49 to 11.48       89       0.00%       14.92% to   14.76%  

Columbia Funds Series Trust

           

Columbia Large Cap Growth Opportunity Fund — Class A

           

2023

    1.35% to 1.70%       2,133       23.58 to 22.98       50       0.00%       29.50% to   29.04%  

2022

    1.35% to 1.70%       5,290       18.21 to 17.81       95       0.00%       (30.63)% to (30.88)%  

2021

    1.35% to 1.70%       1,747       26.25 to 25.77       46       0.00%       17.47% to   17.05%  

2020

    1.35% to 1.70%       —        22.34 to 22.01       —        0.00%       38.60% to   38.11%  

2019

    1.35% to 1.70%       —        16.12 to 15.94       —        0.00%       34.10% to   33.63%  

Columbia Select Mid Cap Value Fund — Class A

           

2023

    1.65% to 1.65%       193       24.96 to 24.96       5       0.85%       8.44% to    8.44%  

2022

    1.65% to 1.65%       201       23.02 to 23.02       5       0.55%       (10.94)% to (10.94)%  

2021

    1.65% to 1.65%       246       25.84 to 25.84       6       0.30%       29.78% to   29.78%  

2020

    1.65% to 1.65%       310       19.91 to 19.91       6       0.94%       4.72% to    4.72%  

2019

    1.35% to 1.70%       4,005       19.70 to 18.90       78       0.92%       29.53% to   29.07%  

Davis New York Venture Fund, Inc.

           

Davis New York Venture Fund — Class A

           

2023

    1.65% to 1.65%       406       23.56 to 23.56       10       0.92%       27.86% to   27.86%  

2022

    1.65% to 1.65%       501       18.42 to 18.42       9       1.48%       (18.83)% to (18.83)%  

2021

    1.65% to 1.65%       550       22.70 to 22.70       12       0.14%       10.65% to   10.65%  

2020

    1.35% to 1.65%       1,779       21.31 to 20.51       37       0.50%       9.91% to    9.57%  

2019

    1.35% to 1.65%       2,800       19.39 to 18.72       54       1.55%       29.14% to   28.75%  

 

F-40


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

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

Eaton Vance Mutual Funds Trust

           

Eaton Vance Floating-Rate Fund — Class A

           

2023

    1.35% to 1.70%       5,423       14.93 to 14.12       79       8.37%       10.32% to    9.93%  

2022

    1.35% to 1.70%       6,303       13.53 to 12.85       83       5.05%       (3.90)% to  (4.24)%  

2021

    1.35% to 1.70%       3,588       14.08 to 13.42       50       3.08%       2.61% to    2.25%  

2020

    1.35% to 1.70%       7,676       13.72 to 13.12       104       3.59%       0.78% to    0.42%  

2019

    1.35% to 1.70%       19,704       13.62 to 13.07       265       4.59%       5.40% to    5.02%  

Eaton Vance Special Investment Trust

           

Eaton Vance Large-Cap Value Fund — Class A

           

2023

    1.35% to 1.70%       2       22.02 to 20.83       —        0.53%       6.46% to    6.09%  

2022

    1.35% to 1.70%       2,395       20.68 to 19.64       48       1.11%       (4.09)% to  (4.43)%  

2021

    1.35% to 1.70%       1,426       21.56 to 20.55       30       0.97%       22.62% to   22.18%  

2020

    1.35% to 1.70%       3,556       17.59 to 16.82       62       1.35%       0.90% to    0.54%  

2019

    1.35% to 1.70%       6,391       17.43 to 16.73       110       1.27%       28.04% to   27.58%  

Federated Hermes Equity Funds

           

Federated Hermes Kaufmann Fund — Class A

           

2023

    1.65% to 1.65%       581       23.64 to 23.64       14       0.00%       13.02% to   13.02%  

2022

    1.65% to 1.65%       583       20.92 to 20.92       12       0.00%       (31.39)% to (31.39)%  

2021

    1.65% to 1.65%       537       30.49 to 30.49       16       0.00%       0.72% to    0.72%  

2020

    1.35% to 1.70%       2,439       31.45 to 30.08       75       0.00%       26.85% to   26.40%  

2019

    1.65% to 1.65%       542       23.94 to 23.94       13       0.00%       30.75% to   30.75%  

Fidelity Advisor Series I

           

Fidelity Advisor® Balanced Fund — Class A

           

2023

    1.40% to 1.40%       224       25.11 to 25.11       6       1.48%       19.52% to   19.52%  

2022

    1.40% to 1.40%       258       21.01 to 21.01       5       0.97%       (19.59)% to (19.59)%  

2021

    1.40% to 1.40%       269       26.13 to 26.13       7       0.39%       16.25% to   16.25%  

2020

    1.40% to 1.40%       1,927       22.48 to 22.48       43       1.07%       20.40% to   20.40%  

2019

    1.40% to 1.40%       2,499       18.67 to 18.67       47       1.37%       22.02% to   22.02%  

Fidelity Advisor® Equity Growth Fund — Class A

           

2023

    1.35% to 1.70%       1,605       42.88 to 40.57       67       0.00%       33.43% to   32.95%  

2022

    1.35% to 1.70%       1,512       32.14 to 30.51       48       0.00%       (25.68)% to (25.94)%  

2021

    1.35% to 1.70%       701       43.24 to 41.20       30       0.00%       21.07% to   20.64%  

2020

    1.35% to 1.70%       8,441       35.72 to 34.15       297       0.00%       41.49% to   40.99%  

2019

    1.35% to 1.70%       —        25.24 to 24.22       —        0.00%       31.88% to   31.41%  

Fidelity Advisor® Leveraged Company Stock Fund — Class A

           

2023

    1.35% to 1.70%       —        23.14 to 21.89       —        0.00%       24.12% to   23.68%  

2022

    1.35% to 1.70%       —        18.64 to 17.70       —        0.00%       (24.45)% to (24.72)%  

2021

    1.65% to 1.65%       1,282       23.68 to 23.68       30       0.12%       23.09% to   23.09%  

2020

    1.65% to 1.65%       1,542       19.23 to 19.23       30       0.00%       26.78% to   26.78%  

2019

    1.35% to 1.70%       —        15.72 to 15.08       —        0.00%       27.72% to   27.27%  

 

F-41


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

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

Fidelity Advisor Series II

           

Fidelity Advisor® Mid Cap II Fund — Class A

           

2023

    1.35% to 1.70%       —        25.76 to 24.37       —        0.00%       13.16% to   12.76%  

2022

    1.35% to 1.70%       —        22.76 to 21.61       —        0.00%       (16.17)% to (16.46)%  

2021

    1.35% to 1.70%       —        27.15 to 25.87       —        0.00%       23.23% to   22.80%  

2020

    1.35% to 1.70%       —        22.03 to 21.07       —        0.00%       16.74% to   16.33%  

2019

    1.35% to 1.70%       3,850       18.87 to 18.11       72       0.40%       21.65% to   21.22%  

Fidelity Contrafund

           

Fidelity Advisor® New Insights Fund — Class A

           

2023

    1.35% to 1.70%       8,212       33.87 to 32.05       271       0.23%       34.12% to   33.65%  

2022

    1.65% to 1.65%       1,038       24.16 to 24.16       25       0.34%       (28.68)% to (28.68)%  

2021

    1.35% to 1.70%       1,864       35.30 to 33.64       64       0.00%       22.62% to   22.19%  

2020

    1.35% to 1.65%       2,903       28.79 to 27.71       82       0.01%       21.97% to   21.60%  

2019

    1.35% to 1.70%       7,975       23.60 to 22.65       186       0.13%       27.41% to   26.96%  

Franklin Fund Allocator Series

           

Franklin Global Allocation Fund — Class A

           

2023

    1.35% to 1.70%       20,671       15.88 to 15.02       317       1.73%       11.40% to   11.01%  

2022

    1.35% to 1.70%       22,597       14.25 to 13.53       312       4.08%       (13.02)% to (13.33)%  

2021

    1.35% to 1.70%       24,197       16.39 to 15.61       385       0.83%       10.23% to    9.84%  

2020

    1.35% to 1.70%       28,108       14.87 to 14.22       407       3.66%       0.18% to   -0.18%  

2019

    1.35% to 1.70%       29,348       14.84 to 14.24       425       3.10%       16.22% to   15.80%  

Franklin Value Investors Trust

           

Franklin Small Cap Value Fund — Class A

           

2023

    1.35% to 1.70%       1,963       26.06 to 24.66       50       0.87%       11.37% to   10.98%  

2022

    1.35% to 1.70%       —        23.40 to 22.22       —        0.00%       (11.41)% to (11.72)%  

2021

    1.35% to 1.70%       —        26.42 to 25.17       —        0.00%       23.77% to   23.34%  

2020

    1.35% to 1.70%       —        21.34 to 20.41       —        0.00%       3.97% to    3.60%  

2019

    1.35% to 1.70%       —        20.53 to 19.70       —        0.00%       24.34% to   23.90%  

JPMorgan Trust II

           

JPMorgan Core Bond Fund — Class A

           

2023

    1.35% to 1.70%       9,034       12.65 to 11.97       111       3.06%       4.00% to    3.63%  

2022

    1.35% to 1.70%       27,358       12.16 to 11.55       325       2.26%       (13.74)% to (14.04)%  

2021

    1.35% to 1.70%       30,904       14.10 to 13.44       427       1.77%       -2.70% to   -3.04%  

2020

    1.35% to 1.70%       56,670       14.49 to 13.86       810       2.12%       6.39% to    6.02%  

2019

    1.35% to 1.70%       54,885       13.62 to 13.07       740       2.52%       6.60% to    6.23%  

JPMorgan Investor Growth & Income Fund — Class A

           

2023

    1.35% to 1.70%       —        22.39 to 21.19       —        0.00%       14.28% to   13.88%  

2022

    1.35% to 1.70%       —        19.59 to 18.61       —        0.00%       (15.87)% to (16.17)%  

2021

    1.35% to 1.70%       —        23.29 to 22.19       —        0.00%       12.43% to   12.03%  

2020

    1.35% to 1.70%       —        20.72 to 19.81       —        0.00%       15.33% to   14.92%  

2019

    1.35% to 1.70%       —        17.96 to 17.24       —        0.00%       18.98% to   18.55%  

 

F-42


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

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

Janus Investment Fund

           

Janus Henderson Forty Fund — Class A

           

2023

    1.35% to 1.70%       1,995       34.52 to 32.66       67       0.02%       37.66% to   37.18%  

2022

    1.35% to 1.70%       1,939       25.07 to 23.81       48       0.00%       (34.60)% to (34.83)%  

2021

    1.35% to 1.70%       —        38.34 to 36.53       —        0.00%       21.01% to   20.58%  

2020

    1.35% to 1.70%       2,446       31.68 to 30.30       76       0.23%       36.94% to   36.46%  

2019

    1.35% to 1.70%       —        23.13 to 22.20       —        0.00%       34.62% to   34.14%  

Legg Mason Global Asset Management Trust

           

ClearBridge Value Trust — Class FI

           

2023

    1.35% to 1.70%       —        25.87 to 24.48       —        0.00%       17.61% to   17.19%  

2022

    1.35% to 1.70%       —        22.00 to 20.89       —        0.00%       (7.77)% to  (8.10)%  

2021

    1.35% to 1.70%       —        23.85 to 22.73       —        0.00%       26.20% to   25.76%  

2020

    1.35% to 1.70%       —        18.90 to 18.07       —        0.00%       9.66% to    9.27%  

2019

    1.35% to 1.70%       26,608       17.23 to 16.54       454       0.24%       25.23% to   24.79%  

Legg Mason Partners Variable Equity Trust

           

ClearBridge Aggressive Growth Fund — Class FI

           

2023

    1.35% to 1.70%       —        24.96 to 23.62       —        0.00%       22.12% to   21.69%  

2022

    1.35% to 1.70%       —        20.44 to 19.41       —        0.00%       (26.60)% to (26.86)%  

2021

    1.35% to 1.70%       1,704       27.85 to 26.53       47       0.00%       6.33% to    5.95%  

2020

    1.35% to 1.70%       —        26.19 to 25.04       —        0.00%       17.84% to   17.42%  

2019

    1.35% to 1.70%       —        22.22 to 21.33       —        0.00%       22.51% to   22.08%  

Lord Abbett Affiliated Fund, Inc.

           

Lord Abbett Affiliated Fund — Class A

           

2023

    1.35% to 1.70%       —        22.39 to 21.19       —        0.00%       9.00% to    8.61%  

2022

    1.35% to 1.70%       —        20.55 to 19.51       —        0.87%       (11.06)% to (11.38)%  

2021

    1.35% to 1.70%       1,329       23.10 to 22.01       30       1.22%       25.03% to   24.59%  

2020

    1.35% to 1.70%       15,047       18.48 to 17.67       274       2.13%       (2.60)% to  (2.95)%  

2019

    1.35% to 1.70%       5,879       18.97 to 18.21       110       2.28%       23.55% to   23.11%  

Lord Abbett Bond Debenture Fund, Inc.

           

Lord Abbett Bond Debenture Fund — Class A

           

2023

    1.35% to 1.70%       4,647       17.52 to 16.58       80       2.43%       5.39% to    5.01%  

2022

    1.35% to 1.70%       —        16.63 to 15.79       —        2.36%       (13.89)% to (14.19)%  

2021

    1.35% to 1.70%       2,300       19.31 to 18.40       44       1.42%       1.84% to    1.48%  

2020

    1.35% to 1.70%       —        18.96 to 18.13       —        0.00%       6.11% to    5.73%  

2019

    1.35% to 1.70%       —        17.87 to 17.15       —        0.00%       11.81% to   11.41%  

Lord Abbett Mid Cap Stock Fund, Inc.

           

Lord Abbett Mid Cap Stock Fund — Class A

           

2023

    1.35% to 1.70%       —        22.60 to 21.38       —        0.00%       13.94% to   13.54%  

2022

    1.35% to 1.70%       —        19.83 to 18.83       —        0.00%       (12.26)% to (12.57)%  

2021

    1.35% to 1.70%       —        22.60 to 21.54       —        0.00%       27.14% to   26.69%  

2020

    1.35% to 1.35%       2,798       17.78 to 17.78       50       1.34%       1.34% to    1.34%  

2019

    1.35% to 1.35%       2,700       17.54 to 17.54       47       0.74%       21.25% to   21.25%  

 

F-43


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

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

PIMCO Funds

           

PIMCO High Yield Fund — Class A

           

2023

    1.35% to 1.70%       4,519       18.05 to 17.08       80       5.48%       10.85% to   10.46%  

2022

    1.35% to 1.70%       5,169       16.28 to 15.46       82       4.67%       (12.29)% to (12.60)%  

2021

    1.35% to 1.70%       8,684       18.57 to 17.69       158       4.16%       2.28% to    1.92%  

2020

    1.35% to 1.70%       5,824       18.15 to 17.36       104       4.50%       3.55% to    3.18%  

2019

    1.35% to 1.70%       15,302       17.53 to 16.82       265       4.77%       12.99% to   12.59%  

PIMCO Long-Term U.S. Government Fund — Class A

           

2023

    1.35% to 1.70%       18,647       13.73 to 12.99       250       1.31%       1.76% to    1.40%  

2022

    1.35% to 1.70%       —        13.49 to 12.81       —        1.02%       (30.18)% to (30.43)%  

2021

    1.35% to 1.70%       20,138       19.33 to 18.42       381       1.56%       (6.16)% to  (6.50)%  

2020

    1.35% to 1.70%       10,765       20.60 to 19.69       218       2.89%       15.90% to   15.49%  

2019

    1.35% to 1.70%       15,481       17.77 to 17.05       272       2.33%       11.52% to   11.12%  

PIMCO Low Duration Fund — Class A

           

2023

    1.35% to 1.70%       14,024       10.86 to 10.27       150       3.79%       3.59% to    3.23%  

2022

    1.35% to 1.70%       15,140       10.48 to  9.95       156       1.56%       (6.72)% to  (7.05)%  

2021

    1.35% to 1.70%       29,168       11.24 to 10.71       323       0.54%       (2.31)% to  (2.66)%  

2020

    1.35% to 1.70%       33,755       11.50 to 11.00       384       1.46%       1.72% to    1.36%  

2019

    1.35% to 1.70%       24,954       11.31 to 10.85       280       3.07%       2.77% to    2.40%  

PIMCO Total Return Fund — Class A

           

2023

    1.35% to 1.70%       26,760       13.09 to 12.39       340       3.55%       4.52% to    4.15%  

2022

    1.35% to 1.70%       34,512       12.53 to 11.90       421       4.08%       (15.54)% to (15.84)%  

2021

    1.35% to 1.70%       24,327       14.83 to 14.13       352       1.91%       (2.51)% to  (2.86)%  

2020

    1.35% to 1.70%       46,056       15.22 to 14.55       688       2.16%       7.04% to    6.66%  

2019

    1.35% to 1.70%       59,160       14.21 to 13.64       828       3.47%       6.44% to    6.06%  

Prudential Investment Portfolios 18

           

PGIM Jennison Focused Growth Fund — Class A

           

2023

    1.65% to 1.65%       1,603       8.57 to  8.57       14       0.00%       49.79% to   49.79%  

2022

    1.65% to 1.65%       2,066       5.72 to  5.72       12       0.00%       (41.71)% to (41.71)%  

2021 (5)

    1.35% to 1.70%       4,664       9.81 to  9.81       46       0.00%       (1.87)% to  (1.89)%  

Prudential Jennison Natural Resources Fund, Inc.

           

PGIM Jennison Natural Resources Fund, Inc. — Class A

           

2023

    1.35% to 1.70%       —        7.36 to  6.96       —        0.00%       (3.50)% to  (3.84)%  

2022

    1.35% to 1.70%       —        7.62 to  7.24       —        0.00%       22.83% to   22.39%  

2021

    1.35% to 1.70%       —        6.21 to  5.91       —        0.00%       25.51% to   25.07%  

2020

    1.35% to 1.70%       12,815       4.95 to  4.73       62       1.35%       9.67% to    9.28%  

2019

    1.35% to 1.70%       29,713       4.51 to  4.33       133       1.83%       14.94% to   14.53%  

 

F-44


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

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

Putnam Investment Funds

           

Putnam International Capital Opportunities Fund — Class A

           

2023

    1.35% to 1.70%       3,797       13.58 to 12.85       50       0.43%       13.67% to   13.27%  

2022

    1.35% to 1.70%       4,191       11.94 to 11.34       49       0.64%       (19.12)% to (19.41)%  

2021

    1.35% to 1.70%       2,093       14.77 to 14.07       30       0.82%       11.88% to   11.49%  

2020

    1.35% to 1.70%       4,786       13.20 to 12.62       62       0.94%       9.43% to    9.04%  

2019

    1.35% to 1.70%       4,939       12.06 to 11.57       59       0.00%       24.15% to   23.71%  

T. Rowe Price Capital Appreciation Fund

           

T. Rowe Price Capital Appreciation Fund — Advisor Class

           

2023

    1.65% to 1.65%       151       31.71 to 31.71       5       1.91%       16.57% to   16.57%  

2022

    1.65% to 1.65%       168       27.21 to 27.21       5       1.13%       (13.62)% to (13.62)%  

2021

    1.65% to 1.65%       199       31.50 to 31.50       6       0.27%       16.26% to   16.26%  

2020

    1.35% to 1.70%       4,727       28.15 to 26.92       132       1.09%       16.21% to   15.79%  

2019

    1.35% to 1.65%       2,179       24.22 to 23.38       53       1.25%       22.52% to   22.15%  

T. Rowe Price Equity Income Fund

           

T. Rowe Price Equity Income Fund — Advisor Class

           

2023

    1.35% to 1.70%       3,676       24.71 to 23.38       88       1.91%       7.87% to    7.49%  

2022

    1.35% to 1.70%       3,133       22.91 to 21.75       70       1.92%       (4.87)% to  (5.21)%  

2021

    1.35% to 1.70%       1,270       24.08 to 22.95       30       1.22%       23.57% to   23.13%  

2020

    1.35% to 1.70%       9,152       19.49 to 18.64       177       2.05%       (0.32)% to  (0.67)%  

2019

    1.35% to 1.35%       2,415       19.55 to 19.55       47       2.11%       24.47% to   24.47%  

T. Rowe Price Growth Stock Fund, Inc.

           

T. Rowe Price Growth Stock Fund — Advisor Class

           

2023

    1.35% to 1.70%       —        39.06 to 36.96       —        0.00%       42.93% to   42.43%  

2022

    1.35% to 1.70%       —        27.33 to 25.95       —        0.00%       (41.10)% to (41.31)%  

2021

    1.35% to 1.70%       1,329       46.40 to 44.21       60       0.00%       18.09% to   17.67%  

2020

    1.35% to 1.65%       2,056       39.29 to 37.81       80       0.00%       34.70% to   34.29%  

2019

    1.35% to 1.35%       1,629       29.17 to 29.17       48       0.00%       28.68% to   28.68%  

The AB Portfolios

           

AB All Market Total Return Portfolio — Class A

           

2023

    1.35% to 1.70%       8,259       14.18 to 13.42       116       1.46%       9.54% to    9.15%  

2022

    1.35% to 1.40%       4,876       12.95 to 12.85       63       2.62%       (20.84)% to (20.88)%  

2021

    1.35% to 1.40%       4,675       16.35 to 16.24       76       0.00%       11.43% to   11.37%  

2020

    1.35% to 1.40%       7,123       14.68 to 14.58       104       3.04%       3.41% to    3.36%  

2019

    1.35% to 1.40%       8,946       14.19 to 14.11       127       2.11%       17.76% to   17.71%  

AB Wealth Appreciation Strategy — Class A

           

2023

    1.35% to 1.70%       2,809       18.15 to 17.17       50       1.10%       19.09% to   18.67%  

2022

    1.35% to 1.70%       —        15.24 to 14.47       —        0.00%       (19.78)% to (20.06)%  

2021

    1.35% to 1.70%       —        18.99 to 18.10       —        0.00%       18.74% to   18.32%  

2020

    1.35% to 1.70%       —        15.99 to 15.29       —        0.00%       11.27% to   10.88%  

2019

    1.35% to 1.70%       —        14.37 to 13.79       —        0.00%       23.44% to   23.00%  

 

F-45


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

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

The Advisors’ Inner Circle Fund III

           

First Foundation Total Return Fund — Class A

           

2023

    1.35% to 1.40%       3,723       19.77 to 19.61       74       5.35%       15.36% to   15.30%  

2022

    1.35% to 1.40%       4,061       17.13 to 17.01       70       3.38%       0.44% to    0.39%  

2021 (6)

    1.35% to 1.40%       4,763       17.06 to 16.95       81       1.54%       20.56% to   20.50%  

Thornburg Investment Trust

           

Thornburg International Equity Fund — Class A

           

2023

    1.35% to 1.70%       —        13.64 to 12.90       —        0.00%       14.21% to   13.81%  

2022

    1.35% to 1.70%       —        11.94 to 11.34       —        0.00%       (18.13)% to (18.42)%  

2021

    1.35% to 1.70%       —        14.58 to 13.90       —        0.00%       5.81% to    5.44%  

2020

    1.35% to 1.70%       5,634       13.78 to 13.18       77       0.32%       20.91% to   20.48%  

2019

    1.35% to 1.70%       —        11.40 to 10.94       —        0.00%       26.72% to   26.27%  

Thornburg Small/Mid Cap Growth Fund — Class A

           

2023

    1.35% to 1.70%       —        21.65 to 20.48       —        0.00%       17.95% to   17.53%  

2022

    1.35% to 1.70%       —        18.36 to 17.43       —        0.00%       (35.08)% to (35.31)%  

2021

    1.35% to 1.70%       1,088       28.28 to 26.94       30       0.00%       (5.62)% to  (5.95)%  

2020

    1.35% to 1.70%       —        29.96 to 28.65       —        0.00%       39.73% to   39.24%  

2019

    1.35% to 1.70%       —        21.44 to 20.57       —        0.00%       27.17% to   26.72%  

Virtus Investment Trust

           

Virtus NFJ International Value Fund — Class A

           

2023

    1.65% to 1.65%       1,205       7.96 to  7.96       10       1.62%       8.52% to    8.52%  

2022

    1.65% to 1.65%       1,245       7.34 to  7.34       9       1.83%       (20.63)% to (20.63)%  

2021

    1.65% to 1.65%       1,362       9.24 to  9.24       13       1.44%       8.08% to    8.08%  

2020

    1.35% to 1.70%       8,542       8.89 to  8.50       74       2.43%       7.87% to    7.49%  

2019

    1.35% to 1.70%       9,907       8.24 to  7.91       80       2.50%       19.91% to   19.49%  

Virtus NFJ Large-Cap Value Fund — Class A

           

2023

    1.35% to 1.70%       —        20.83 to 19.70       —        0.00%       15.97% to   15.56%  

2022

    1.35% to 1.70%       —        17.96 to 17.05       —        0.41%       (15.98)% to (16.28)%  

2021

    1.35% to 1.70%       13,915       21.37 to 20.37       292       0.61%       24.49% to   24.05%  

2020

    1.35% to 1.70%       16,259       17.17 to 16.42       275       0.30%       0.56% to    0.20%  

2019

    1.35% to 1.70%       —        17.07 to 16.38       —        0.00%       22.92% to   22.48%  

 

(1)

Expenses as a percentage of average net assets represent the annualized asset-based contract expenses of the Separate Account, consisting of mortality and expense risk charges, administrative expenses and other rider charges for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to the contract owner through the redemption of units and expenses of the underlying Portfolios are excluded.

(2)

The investment income ratio represents the ordinary dividends received by the subaccount from the Portfolio divided by average net assets.

(3)

The total return represents a range of maximum and minimum annual total returns for the year or lesser period indicated and includes deductions for expenses assessed through the daily unit value calculation. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Standardized total returns shown separately in a prospectus or marketing material for a product supported by the Separate Account include the maximum contract charges that may be assessed to any contract through both the daily unit value calculation and the redemption of units. Accordingly, these standardized total returns will generally reflect a lower return than the total return.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 2

Notes to Financial Statements — Continued

December 31, 2023

 

(4)

The ratios of expenses and net investment income to average net assets are annualized for the period from August 7 to December 31, 2020.

(5)

The ratios of expenses and net investment income to average net assets are annualized for the period from December 10 to December 31, 2021.

(6)

The ratios of expenses and net investment income to average net assets are annualized for the period from January 11 to December 31, 2021.

 

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