Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Financial Statements

Year ended December 31, 2023

(With Report of Independent Registered Public Accounting Firm Thereon)

 


Table of Contents

GENWORTH LIFE OF NEW YORK SEPARATE ACCOUNT 1

Table of Contents

Year ended December 31, 2023

 

    Page  

Report of Independent Registered Public Accounting Firm

    F-1  

Statements of Assets and Liabilities

    F-6  

Statements of Operations

    F-18  

Statements of Changes in Net Assets

    F-30  

Notes to Financial Statements

    F-62  


Table of Contents

Report of Independent Registered Public Accounting Firm

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

Contract Owners of Genworth Life of New York VA Separate Account 1

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in the Appendix that comprise the Genworth Life of New York VA Separate Account 1 (the Separate Account), as of December 31, 2023, the related statements of operations for the year or period then ended and changes in net assets for each of the years or periods in the two-year period then ended, and the related notes including the financial highlights in Note 6 for each of the years or periods 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 or period then ended, the changes in its net assets for each of the years or periods in the two-year period then ended, and the financial highlights in Note 6 for each of the years or periods 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 lesser periods then ended.

AB Variable Products Series Fund, Inc.

AB VPS Balanced Hedged Allocation Portfolio — Class B Shares (1)

AB VPS International Value Portfolio — Class B

AB VPS Large Cap Growth Portfolio — Class B

AB VPS Relative Value Portfolio — Class B (1)

AB VPS Small Cap Growth Portfolio — Class B

AB VPS Sustainable Global Thematic Portfolio — Class B Shares (1)

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

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

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

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

Invesco V.I. Capital Appreciation Fund — Series I shares

Invesco V.I. Capital Appreciation Fund — Series II shares

Invesco V.I. Comstock Fund — Series II shares

Invesco V.I. Conservative Balanced Fund — Series I shares

Invesco V.I. Conservative Balanced Fund — Series II shares

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

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

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

Invesco V.I. EQV International Equity Fund — Series II shares (1)

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

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

Invesco V.I. Global Fund — Series II shares

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

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

Invesco V.I. Government Securities Fund — Series I shares

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

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

Invesco V.I. Technology Fund — Series I shares

Allspring Variable Trust

Allspring VT Discovery All Cap Growth Fund — Class 2 (1)

American Century Variable Portfolios II, Inc.

VP Inflation Protection Fund — Class II

American Century Variable Portfolios, Inc.

VP Disciplined Core Value Fund — Class I

VP International Fund — Class I

VP Ultra® Fund — Class I

VP Value Fund — Class I

BNY Mellon

BNY Mellon Investment Portfolios — MidCap Stock Portfolio — Initial Shares

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

BNY Mellon Variable Investment Fund — Government Money Market Portfolio

BlackRock Variable Series Funds, Inc.

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

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

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

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

 

F-2


Table of Contents

Columbia Funds Variable Series Trust II

CTIVP® — Principal Blue Chip Growth Fund — Class 1 (1)

Columbia Variable Portfolio — Overseas Core Fund — Class 2

Deutsche DWS Variable Series I

DWS Capital Growth VIP — Class B Shares

Deutsche DWS Variable Series II

DWS CROCI® U.S. VIP — Class B Shares

DWS Small Mid Cap Value VIP — Class B Shares

Eaton Vance Variable Trust

VT Floating — Rate Income Fund

Federated Hermes Insurance Series

Federated Hermes High Income Bond Fund II — Primary Shares

Federated Hermes High Income Bond Fund II — Service Shares

Federated Hermes Kaufmann Fund II — Service Shares

Federated Hermes Managed Volatility Fund II — Primary Shares

Fidelity® Variable Insurance Products Fund

VIP Asset ManagerSM Portfolio — Initial Class

VIP Asset ManagerSM Portfolio — Service Class 2

VIP Balanced Portfolio — Service Class 2

VIP Contrafund® Portfolio — Initial Class

VIP Contrafund® Portfolio — Service Class 2

VIP Dynamic Capital Appreciation Portfolio — Service Class 2

VIP Equity-Income PortfolioSM — Initial Class

VIP Equity-Income PortfolioSM — Service Class 2

VIP Growth & Income Portfolio — Initial Class

VIP Growth & Income Portfolio — Service Class 2

VIP Growth Opportunities Portfolio — Initial Class

VIP Growth Opportunities Portfolio — Service Class 2

VIP Growth Portfolio — Initial Class

VIP Growth Portfolio — Service Class 2

VIP Investment Grade Bond Portfolio — Service Class 2

VIP Mid Cap Portfolio — Initial Class

VIP Mid Cap Portfolio — Service Class 2

VIP Overseas Portfolio — Initial Class

VIP Value Strategies Portfolio — Service Class 2

Franklin Templeton Variable Insurance Products Trust

Franklin Allocation VIP Fund — Class 2 Shares

Franklin Income VIP Fund — Class 2 Shares

Franklin Large Cap Growth VIP Fund — Class 2 Shares

Franklin Mutual Shares VIP Fund — Class 2 Shares

Templeton Foreign VIP Fund — Class 1 Shares

Templeton Foreign VIP Fund — Class 2 Shares

Templeton Global Bond VIP Fund — Class 1 Shares

Templeton Growth VIP Fund — Class 2 Shares

Goldman Sachs Variable Insurance Trust

Goldman Sachs Government Money Market Fund — Service Shares

Goldman Sachs Large Cap Value Fund — Institutional Shares

Goldman Sachs Mid Cap Value Fund — Institutional Shares

Janus Aspen Series

Janus Henderson Balanced Portfolio — Institutional Shares

Janus Henderson Balanced Portfolio — Service Shares

Janus Henderson Enterprise Portfolio — Institutional Shares

Janus Henderson Enterprise Portfolio — Service Shares

Janus Henderson Flexible Bond Portfolio — Institutional Shares

Janus Henderson Forty Portfolio — Institutional Shares

 

F-3


Table of Contents

Janus Henderson Forty Portfolio — Service Shares

Janus Henderson Global Research Portfolio — Institutional Shares

Janus Henderson Global Research Portfolio — Service Shares

Janus Henderson Global Technology and Innovation Portfolio — Service Shares

Janus Henderson Overseas Portfolio — Institutional Shares

Janus Henderson Overseas Portfolio — Service Shares

Janus Henderson Research Portfolio — Institutional Shares

Janus Henderson Research Portfolio — Service Shares

Legg Mason Partners Variable Equity Trust

ClearBridge Variable Aggressive Growth Portfolio — Class II

ClearBridge Variable Dividend Strategy Portfolio — Class I

ClearBridge Variable Dividend Strategy Portfolio — Class II

ClearBridge Variable Large Cap Value Portfolio — Class I

Lincoln Variable Insurance Products Trust

LVIP JPMorgan Core Bond Fund — Standard Class (1)

LVIP JPMorgan Mid Cap Value Fund — Standard Class (1)

LVIP JPMorgan Small Cap Core Fund — Standard Class (1)

LVIP JPMorgan U.S. Equity Fund — Standard Class (1)

MFS® Variable Insurance Trust

MFS® Investors Trust Series — Service Class Shares

MFS® New Discovery Series — Service Class Shares

MFS® Total Return Series — Service Class Shares

MFS® Utilities Series — Service Class Shares

MFS® Variable Insurance Trust II

MFS® Income Portfolio — Service Class Shares

MFS® Massachusetts Investors Growth Stock Portfolio — Service Class Shares

PIMCO Variable Insurance Trust

All Asset Portfolio — Advisor Class Shares

High Yield Portfolio — Administrative Class Shares

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

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

Low Duration Portfolio — Administrative Class Shares

Total Return Portfolio — Administrative Class Shares

Rydex Variable Trust

NASDAQ — 100® Fund

State Street Variable Insurance Series Funds, Inc.

Income V.I.S. Fund — Class 1 Shares

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

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

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

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

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

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

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

The Alger Portfolios

Alger Large Cap Growth Portfolio — Class I-2 Shares

Alger Small Cap Growth Portfolio — Class I-2 Shares

The Prudential Series Fund

PSF Mid-Cap Growth Portfolio — Class II Shares

PSF Natural Resources Portfolio — Class II Shares

PSF PGIM Jennison Growth Portfolio — Class II Shares

Statement of assets and liabilities as of December 31, 2023, the related statement of operations for the period then ended, and the statements of changes in net assets for the period from December 8, 2023 (inception) to December 31, 2023 and the financial highlights for the lesser periods in the five years ended December 31, 2023.

 

F-4


Table of Contents

The Prudential Series Fund

PSF PGIM Jennison Blend Portfolio — Class II Shares

Statement of assets and liabilities as of December 31, 2023, the related statements of operations for the period from January 1, 2023 to December 8, 2023 (liquidation date) and changes in net assets for the period from January 1, 2022 to December 8, 2023 (liquidation date).

The Prudential Series Fund

PSF PGIM Jennison Focused Blend Portfolio — Class II Shares

Statement of assets and liabilities as of December 31, 2023, the related statement of operations for the period then ended, and the statements of changes in net assets for the period from March 10, 2023 (inception) to December 31, 2023 and the financial highlights for the lesser periods in the five years ended December 31, 2023.

Advanced Series Trust

AST International Equity Portfolio — Class II Shares

Statement of assets and liabilities as of December 31, 2023, the related statements of operations for the period from January 1, 2023 to March 10, 2023 (liquidation date) and changes in net assets for the period from January 1, 2022 to March 10, 2023 (liquidation date).

The Prudential Series Fund

PSF International Growth Portfolio — Class II Shares

Statement of assets and liabilities as of December 31, 2023, the related statements of operations for the year then ended and changes in net assets for the period from April 29, 2022 (inception) to December 31, 2023 and the financial highlights for the years or lesser periods in the five years ended December 31, 2023.

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

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

 

(1)

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

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities

December 31, 2023

 

    AB Variable Products Series Fund, Inc.  
    

AB VPS

Balanced

Hedged

Allocation

Portfolio —

Class B

   

AB VPS

International

Value

Portfolio —

Class B

   

AB VPS

Large Cap

Growth

Portfolio —

Class B

   

AB VPS

Relative

Value

Portfolio —

Class B

   

AB VPS

Small Cap

Growth

Portfolio —

Class B

 
Assets:          
Investments at fair value (note 2b)     $2,073,353       $2,679,986       $1,117,634       $2,763,820       $523,904  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        36       —        —        —   
Total assets     2,073,353       2,680,022       1,117,634       2,763,820       523,904  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     100       122       50       124       23  
Payable for units withdrawn     844       —        47       79       81  
Total liabilities     944       122       97       203       104  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     1,834,789       2,636,724       1,077,013       2,709,669       523,800  
Variable annuity contract owners in the annuitization period     237,620       43,176       40,524       53,948        
Net assets     $2,072,409       $2,679,900       $1,117,537       $2,763,617       $523,800  
Investments in securities at cost     $2,440,573       $2,713,191       $861,077       $2,436,034       $845,125  
Shares outstanding     240,250       182,188       16,691       96,033       65,734  

 

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

Invesco

V.I.

Conservative

Balanced

Fund —

Series I shares

   

Invesco

V.I.

Conservative

Balanced

Fund —

Series II shares

   

Invesco

V.I.

Core

Equity

Fund —

Series I shares

   

Invesco

V.I.

Core

Plus Bond

Fund —

Series I shares

   

Invesco

V.I.

Discovery Mid

Cap Growth

Fund —

Series I shares

 
Assets:          
Investments at fair value (note 2b)     $57,241       $1,839,369       $407,509       $471,140       $158,703  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     57,241       1,839,369       407,509       471,140       158,703  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     2       113       18       18       6  
Payable for units withdrawn     —        236       99       —        25  
Total liabilities     2       349       117       18       31  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     57,239       1,807,129       397,143       471,122       158,672  
Variable annuity contract owners in the annuitization period     —        31,891       10,249       —        —   
Net assets     $57,239       $1,839,020       $407,392       $471,122       $158,672  
Investments in securities at cost     $59,824       $1,799,806       $441,755       $471,671       $180,501  
Shares outstanding     3,727       121,893       13,913       82,080       2,527  

 

See accompanying notes to financial statements.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 

AB Variable

Products Series

Fund, Inc.

(continued)

    AIM Variable Insurance Funds (Invesco Variable Insurance Funds)  

AB VPS

Sustainable

Global

Thematic

Portfolio —

Class B

   

Invesco

V.I.

American

Franchise

Fund —

Series I shares

   

Invesco

V.I.

American

Franchise

Fund —

Series II shares

   

Invesco

V.I.

American

Value

Fund —

Series II shares

   

Invesco

V.I.

Capital

Appreciation

Fund —

Series I shares

   

Invesco

V.I.

Capital

Appreciation

Fund —

Series II shares

   

Invesco

V.I.

Comstock

Fund —

Series II shares

 
           
  $53,099       $393,604       $393,102       $534,638       $122,521       $895,773       $4,235,643  
  —        —        —        —        —        —        —   
  —        —        —        —        —        —        —   
  53,099       393,604       393,102       534,638       122,521       895,773       4,235,643  
           
  4       19       17       24       5       41       190  
  1       25       1       —        —        21       1,587  
  5       44       18       24       5       62       1,777  
           
  53,094       347,662       393,084       534,614       122,516       855,260       4,176,205  
  —        45,898       —        —        —        40,451       57,661  
  $53,094       $393,560       $393,084       $534,614       $122,516       $895,711       $4,233,866  
  $39,720       $384,943       $404,890       $634,751       $117,351       $893,215       $4,243,862  
  1,710       6,676       7,388       38,939       2,603       20,067       216,325  

 

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

Invesco

V.I. Discovery Mid

Cap Growth

Fund —

Series II shares

   

Invesco

V.I.

EQV

International

Equity

Fund —

Series II shares

   

Invesco

V.I.

Equity and

Income

Fund —

Series II shares

   

Invesco

V.I.

Global

Fund —

Series II shares

   

Invesco

V.I.

Global

Real Estate

Fund —

Series II shares

   

Invesco

V.I.

Global

Strategic

Income

Fund —

Series I shares

   

Invesco

V.I.

Main Street

Fund® —

Series II shares

 
           
  $133,072       $633,305       $688,924       $3,289,382       $4,477       $3,697       $1,500,227  
  —        —        —        —        —        —        —   
  —        —        —        —        —        —        —   
  133,072       633,305       688,924       3,289,382       4,477       3,697       1,500,227  
           
  6       26       37       145       —        —        65  
  —        2       252       333       —        1       317  
  6       28       289       478       —        1       382  
           
  133,066       633,277       688,635       3,288,904       4,477       3,696       1,488,331  
  —        —        —        —        —        —        11,514  
  $133,066       $633,277       $688,635       $3,288,904       $4,477       $3,696       $1,499,845  
  $144,030       $620,534       $705,231       $3,335,652       $4,818       $4,485       $1,870,054  
  2,464       18,922       42,110       92,659       328       862       84,425  

 

See accompanying notes to financial statements.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 

   

AIM Variable

Insurance

Funds (Invesco

Variable

Insurance Funds)

(continued)

   

Allspring

Variable Trust

   

American

Century

Variable

Portfolios II,

Inc.

   

American Century Variable

Portfolios, Inc.

 
    


Invesco

V.I.

Main Street

Small Cap

Fund®

Series II shares

   

Allspring

VT

Discovery

All Cap Growth

Fund —

Class 2

   

VP

Inflation

Protection

Fund —

Class II

   

VP

Disciplined

Core

Value

Fund —

Class I

   

VP

International

Fund —

Class I

 
Assets:          
Investments at fair value (note 2b)     $1,328,457       $482,023       $2,866,220       $41,923       $220,641  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        1,353       —        —   
Total assets     1,328,457       482,023       2,867,573       41,923       220,641  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     61       21       137       2       11  
Payable for units withdrawn     161       —        —        —        51  
Total liabilities     222       21       137       2       62  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     1,328,235       482,002       2,684,872       41,921       179,779  
Variable annuity contract owners in the annuitization period     —        —        182,564       —        40,800  
Net assets     $1,328,235       $482,002       $2,867,436       $41,921       $220,579  
Investments in securities at cost     $1,087,317       $551,241       $3,127,719       $45,480       $224,048  
Shares outstanding     50,512       20,177       305,893       5,466       20,855  

 

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

BlackRock

Global

Allocation

V.I.

Fund —

Class III Shares

   

BlackRock

Large Cap

Focus

Growth

V.I.

Fund —

Class III Shares

   

CTIVP® —

Principal

Blue Chip

Growth

Fund —

Class 1

   

Columbia

Variable

Portfolio —

Overseas

Core

Fund —

Class 2

   

DWS

Capital

Growth

VIP —

Class B Shares

 
Assets:          
Investments at fair value (note 2b)     $29,132,983       $158,643       $12,437,329       $3,088,924       $194,813  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     29,132,983       158,643       12,437,329       3,088,924       194,813  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     1,455       7       572       139       10  
Payable for units withdrawn     2,153       1       958       1,001       30  
Total liabilities     3,608       8       1,530       1,140       40  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     28,560,347       158,635       12,210,124       3,041,972       154,311  
Variable annuity contract owners in the annuitization period     569,028       —        225,675       45,812       40,462  
Net assets     $29,129,375       $158,635       $12,435,799       $3,087,784       $194,773  
Investments in securities at cost     $31,683,701       $121,453       $ 9,949,556       $3,048,025       $174,818  
Shares outstanding     2,235,839       8,636       210,766       233,655       5,199  

 

See accompanying notes to financial statements.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 





American Century Variable Portfolios,

Inc. (continued)

    BNY Mellon     BlackRock Variable Series Funds, Inc.  

VP

Ultra®

Fund —

Class I

   

VP

Value

Fund —

Class I

   

BNY Mellon

Investment

Portfolios —

MidCap

Stock

Portfolio —

Initial Shares

   

BNY Mellon

Sustainable U.S.

Equity

Portfolio, Inc. —

Initial Shares

   

BNY Mellon

Variable

Investment

Fund —

Government

Money Market

Portfolio

   

BlackRock

Advantage

SMID Cap

V.I. Fund —

Class III Shares

   

BlackRock

Basic

Value

V.I.

Fund —

Class III Shares

 
           
  $504,281       $475,780       $19,091       $916,275       $399,673       $204,496       $2,800,430  
  —        —        —        —        1,548       —        —   
  —        —        —        —        —        —        —   
  504,281       475,780       19,091       916,275       401,221       204,496       2,800,430  
           
  22       23       1       47       17       9       129  
  —        74       2       266       —        1       1,644  
  22       97       3       313       17       10       1,773  
           
  504,259       421,653       19,088       739,975       396,834       204,486       2,752,764  
  —        54,030       —        175,987       4,370       —        45,893  
  $504,259       $475,683       $19,088       $915,962       $401,204       $204,486       $2,798,657  
  $343,673       $407,657       $18,013       $854,745       $399,673       $288,658       $3,064,255  
  19,660       39,030       1,022       20,371       399,673       20,656       219,298  

 

Deutsche DWS Variable Series II    


Eaton Vance

Variable Trust

    Federated Hermes Insurance Series  

DWS

CROCI®

U.S.

VIP —

Class B Shares

   

DWS

Small

Mid Cap

Value

VIP —

Class B Shares

   

VT

Floating —

Rate

Income

Fund

   

Federated

Hermes High

Income

Bond

Fund II —

Primary Shares

   

Federated

Hermes High

Income

Bond

Fund II —

Service Shares

   

Federated

Hermes

Kaufmann

Fund II —

Service Shares

   

Federated

Hermes

Managed

Volatility

Fund II —

Primary

Shares

 
           
  $167,915       $82,059       $3,084,487       $216       $659,925       $621,755       $25,170  
  —        —        21,530       —        —        —        —   
  —        —        1,668       —        —        —        —   
  167,915       82,059       3,107,685       216       659,925       621,755       25,170  
           
  7       4       144       (1     29       27       1  
  —        1       —        1       4       24       —   
  7       5       144       —        33       51       1  
           
  167,908       82,054       3,018,454       216       659,892       619,183       25,169  
  —        —        89,087       —        —        2,521       —   
  $167,908       $82,054       $3,107,541       $216       $659,892       $621,704       $25,169  
  $139,238       $81,400       $3,138,101       $245       $742,046       $638,040       $28,008  
  10,729       5,921       356,588       38       117,216       39,426       2,790  

 

See accompanying notes to financial statements.

 

F-9


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 

    Fidelity® Variable Insurance Products Fund  
    

VIP

Asset

ManagerSM

Portfolio —

Initial Class

   

VIP

Asset

ManagerSM

Portfolio —

Service Class 2

   

VIP

Balanced

Portfolio —

Service Class 2

   

VIP

Contrafund®

Portfolio —

Initial Class

   

VIP

Contrafund®

Portfolio —

Service Class 2

 
Assets:          
Investments at fair value (note 2b)     $109,758       $41,622       $5,103,962       $716,254       $19,812,304  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     109,758       41,622       5,103,962       716,254       19,812,304  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     4       2       281       28       898  
Payable for units withdrawn     —        1       57       —        134  
Total liabilities     4       3       338       28       1,032  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     109,754       33,623       4,942,811       716,226       19,533,290  
Variable annuity contract owners in the annuitization period     —        7,996       160,813       —        277,982  
Net assets     $109,754       $41,619       $5,103,624       $716,226       $19,811,272  
Investments in securities at cost     $106,076       $41,184       $4,242,043       $493,685       $16,987,608  
Shares outstanding     7,018       2,749       236,953       14,729       423,069  

 

   



Fidelity® Variable Insurance Products Fund (continued)
 
    

VIP

Growth

Portfolio —

Initial Class

   

VIP

Growth

Portfolio —

Service Class 2

   

VIP

Investment

Grade

Bond

Portfolio —

Service Class 2

   

VIP

Mid

Cap

Portfolio —

Service Class 2

   

VIP

Overseas

Portfolio —

Initial Class

 
Assets:          
Investments at fair value (note 2b)     $479,281       $916,946       $2,660,217       $3,353,512       $123,066  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        57       —        —   
Total assets     479,281       916,946       2,660,274       3,353,512       123,066  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     19       56       123       145       5  
Payable for units withdrawn     9       2       —        9       —   
Total liabilities     28       58       123       154       5  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     479,253       916,888       2,604,398       3,353,358       123,061  
Variable annuity contract owners in the annuitization period     —        —        55,753       —        —   
Net assets     $479,253       $916,888       $2,660,151       $3,353,358       $123,061  
Investments in securities at cost     $327,184       $634,001       $3,025,161       $3,149,462       $92,976  
Shares outstanding     5,148       10,197       245,861       96,671       4,766  

 

See accompanying notes to financial statements.

 

F-10


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 

Fidelity® Variable Insurance Products Fund (continued)  

VIP

Dynamic

Capital

Appreciation

Portfolio —

Service Class 2

   

VIP

Equity-

Income

PortfolioSM —

Initial Class

   

VIP

Equity-

Income

PortfolioSM —

Service Class 2

   

VIP

Growth &

Income

Portfolio —

Initial Class

   

VIP

Growth &

Income

Portfolio —

Service Class 2

   

VIP

Growth

Opportunities

Portfolio —

Initial Class

   

VIP

Growth

Opportunities

Portfolio —

Service Class 2

 
           
  $33,757       $266,747       $2,369,861       $246,542       $583,718       $69,878       $258,609  
  —        —        —        —        —        —        —   
  —        —        —        —        —        —        —   
  33,757       266,747       2,369,861       246,542       583,718       69,878       258,609  
           
  1       10       103       10       25       3       11  
  —        —        69       —        348       —        —   
  1       10       172       10       373       3       11  
           
  33,756       266,737       2,367,228       246,532       583,345       69,875       258,598  
  —        —        2,461       —        —        —        —   
  $33,756       $266,737       $2,369,689       $246,532       $583,345       $69,875       $258,598  
  $24,952       $240,272       $2,170,585       $164,704       $406,579       $40,660       $264,207  
  2,112       10,734       99,116       9,118       22,348       1,169       4,460  

 

Fidelity®

Variable

Insurance

Products Fund

(continued)

   

Franklin Templeton Variable Insurance Products Trust

 

VIP

Value

Strategies

Portfolio —

Service Class 2

   

Franklin

Allocation

VIP

Fund —

Class 2 Shares

   

Franklin

Income

VIP

Fund —

Class 2 Shares

   

Franklin

Large

Cap

Growth

VIP

Fund —

Class 2 Shares

   

Franklin

Mutual

Shares

VIP

Fund —

Class 2 Shares

   

Templeton

Foreign

VIP

Fund —

Class 1 Shares

   

Templeton

Foreign

VIP

Fund —

Class 2 Shares

 
           
  $62,384       $6,201,524       $22,534,476       $195,689       $3,537,507       $—        $210,379  
  —        —        —        —        —        —        —   
  —        —        —        —        —        —        —   
  62,384       6,201,524       22,534,476       195,689       3,537,507       —        210,379  
           
  3       309       1,226       8       161       —        9  
  1       470       535       —        1,363       —        —   
  4       779       1,761       8       1,524       —        9  
           
  62,380       5,925,494       21,607,408       195,681       3,449,683       —        210,370  
  —        275,251       925,307       —        86,300       —        —   
  $62,380       $6,200,745       $22,532,715       $195,681       $3,535,983       $—        $210,370  
  $51,644       $7,605,674       $23,690,942       $189,787       $3,953,589       $—        $205,735  
  3,724       1,265,617       1,586,935       10,647       230,757       —        14,774  

 

See accompanying notes to financial statements.

 

F-11


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 

    Franklin Templeton Variable
Insurance Products Trust
(continued)
    Goldman Sachs Variable Insurance Trust  
    

Templeton

Global

Bond

VIP

Fund —

Class 1 Shares

   

Templeton

Growth

VIP

Fund —

Class 2 Shares

   

Goldman Sachs

Government

Money

Market

Fund —

Service Shares

   

Goldman Sachs

Large

Cap

Value

Fund —

Institutional

Shares

   

Goldman Sachs

Mid

Cap

Value

Fund —

Institutional

Shares

 
Assets:          
Investments at fair value (note 2b)     $30,638       $458,217       $5,737,775       $166,534       $272,170  
Dividend receivable     —        —        24,749       —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     30,638       458,217       5,762,524       166,534       272,170  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     1       20       248       6       11  
Payable for units withdrawn     —        —        2       —        —   
Total liabilities     1       20       250       6       11  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     30,637       458,197       5,762,274       166,528       272,159  
Variable annuity contract owners in the annuitization period     —        —        —        —        —   
Net assets     $30,637       $458,197       $5,762,274       $166,528       $272,159  
Investments in securities at cost     $36,463       $444,920       $5,737,775       $192,292       $263,882  
Shares outstanding     2,258       38,217       5,737,775       19,755       17,000  

 

   
Janus Aspen Series (continued)
 
    

Janus

Henderson

Global

Research

Portfolio —

Institutional
Shares

   

Janus

Henderson

Global

Research

Portfolio —

Service Shares

   

Janus

Henderson

Global

Technology and

Innovation

Portfolio —

Service Shares

   

Janus

Henderson

Overseas

Portfolio —

Institutional

Shares

   

Janus

Henderson

Overseas

Portfolio —

Service Shares

 
Assets:          
Investments at fair value (note 2b)     $199,474       $116,012       $1       $82,351       $78,269  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     199,474       116,012       1       82,351       78,269  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     8       3       1       3       6  
Payable for units withdrawn     —        —        —        —        1  
Total liabilities     8       3       1       3       7  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     189,573       116,009       —        82,348       78,262  
Variable annuity contract owners in the annuitization period     9,893       —        —        —        —   
Net assets     $199,466       $116,009       $—        $82,348       $78,262  
Investments in securities at cost     $139,810       $80,058       $1       $76,659       $58,501  
Shares outstanding     3,265       1,966       —        1,957       1,953  

 

See accompanying notes to financial statements.

 

F-12


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 



Janus Aspen Series
 

Janus

Henderson

Balanced

Portfolio —

Institutional

Shares

   

Janus

Henderson

Balanced

Portfolio —

Service Shares

   

Janus

Henderson

Enterprise

Portfolio —

Institutional

Shares

   

Janus

Henderson

Enterprise

Portfolio —

Service Shares

   

Janus

Henderson

Flexible

Bond

Portfolio —

Institutional

Shares

   

Janus

Henderson

Forty

Portfolio —

Institutional

Shares

   

Janus

Henderson

Forty

Portfolio —

Service Shares

 
           
  $551,003       $6,988,889       $716,902       $101,915       $222       $799,751       $4,128,856  
  —        —        —        —        —        —        —   
  —        59       —        —        —        —        —   
  551,003       6,988,948       716,902       101,915       222       799,751       4,128,856  
           
  21       339       28       4       —        31       187  
  —        —        —        —        1       —        744  
  21       339       28       4       1       31       931  
           
  532,908       6,569,119       693,102       101,911       221       760,975       4,067,535  
  18,074       419,490       23,772       —        —        38,745       60,390  
  $550,982       $6,988,609       $716,874       $101,911       $221       $799,720       $4,127,925  
  $366,122       $5,015,792       $558,818       $90,246       $226       $618,449       $3,371,068  
  12,169       145,450       9,369       1,491       22       16,890       97,172  

 

Janus Aspen Series (continued)     Legg Mason Partners Variable Equity Trust    

Lincoln

Variable

Insurance

Products Trust

 

Janus

Henderson

Research

Portfolio —

Institutional

Shares

   

Janus

Henderson

Research

Portfolio —

Service Shares

   

ClearBridge

Variable

Aggressive

Growth

Portfolio —

Class II

   

ClearBridge

Variable

Dividend

Strategy

Portfolio —

Class I

   

ClearBridge

Variable

Dividend

Strategy

Portfolio —

Class II

   

ClearBridge

Variable

Large Cap

Value

Portfolio —

Class I

   

LVIP

JPMorgan

Core

Bond

Fund —

Standard Class

 
           
  $472,496       $9,996       $127,362       $—        $162,483       $190,965       $986,401  
  —        —        —        —        —        —        —   
  —        —        —        —        —        —        —   
  472,496       9,996       127,362       —        162,483       190,965       986,401  
           
  18       —        5       —        8       8       49  
  —        1       —        —        2       2       166  
  18       1       5       —        10       10       215  
           
  472,478       9,995       127,357       —        162,473       190,955       843,424  
  —        —        —        —        —        —        142,762  
  $472,478       $9,995       $127,357       $—        $162,473       $190,955       $986,186  
  $333,177       $6,477       $155,875       $—        $138,875       $188,741       $1,090,071  
  10,465       232       7,691       —        7,907       9,004       99,889  

 

See accompanying notes to financial statements.

 

F-13


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 

    Lincoln Variable Insurance Products Trust
(continued)
    MFS® Variable Insurance Trust  
    

LVIP

JPMorgan

Mid Cap

Value Fund —

Standard Class

   

LVIP

JPMorgan

Small Cap

Core Fund —

Standard Class

   

LVIP

JPMorgan

U.S. Equity

Fund —

Standard Class

   

MFS®

Investors

Trust

Series —

Service

Class Shares

   

MFS®

New

Discovery

Series —

Service

Class Shares

 
Assets:          
Investments at fair value (note 2b)     $747,859       $143,301       $920,967       $231,759       $361,481  
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        —        —        —   
Total assets     747,859       143,301       920,967       231,759       361,481  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     35       6       47       10       15  
Payable for units withdrawn     111       —        231       1       —   
Total liabilities     146       6       278       11       15  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     707,204       137,529       758,498       231,748       361,466  
Variable annuity contract owners in the annuitization period     40,509       5,766       162,191       —        —   
Net assets     $747,713       $143,295       $920,689       $231,748       $361,466  
Investments in securities at cost     $650,709       $127,253       $736,830       $168,435       $501,048  
Shares outstanding     73,514       7,220       24,477       6,569       35,790  

 

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

Long-Term

U.S.

Government

Portfolio —

Administrative

Class Shares

   

Low

Duration

Portfolio —

Administrative

Class Shares

   

Total

Return

Portfolio —

Administrative

Class Shares

   

NASDAQ —

100® Fund

   

Income

V.I.S.

Fund —

Class 1 Shares

 
Assets:          
Investments at fair value (note 2b)     $7,363,547       $6,883,883       $10,490,564       $179,297       $331,343  
Dividend receivable     12,982       22,249       30,568       —        —   
Receivable for units sold     —        4,890       1,254       —        —   
Total assets     7,376,529       6,911,022       10,522,386       179,297       331,343  
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     349       323       483       7       15  
Payable for units withdrawn     4,920       —        —        —        1  
Total liabilities     5,269       323       483       7       16  
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     7,193,513       6,666,565       10,352,646       179,290       331,327  
Variable annuity contract owners in the annuitization period     177,747       244,134       169,257       —        —   
Net assets     $7,371,260       $6,910,699       $10,521,903       $179,290       $331,327  
Investments in securities at cost     $9,376,982       $7,190,926       $11,625,543       $104,605       $380,953  
Shares outstanding     926,232       717,071       1,142,763       2,529       33,201  

 

See accompanying notes to financial statements.

 

F-14


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 

MFS® Variable Insurance Trust

(continued)

    MFS® Variable Insurance Trust II     PIMCO Variable Insurance Trust  

MFS®

Total

Return

Series —

Service

Class Shares

   

MFS®

Utilities

Series —

Service

Class Shares

   

MFS®

Income

Portfolio —

Service

Class Shares

   

MFS®

Massachusetts

Investors

Growth

Stock

Portfolio —

Service

Class Shares

   

All

Asset

Portfolio —

Advisor

Class Shares

   

High

Yield

Portfolio —

Administrative

Class Shares

   

International

Bond

Portfolio

(U.S. Dollar

Hedged) —

Administrative

Class Shares

 
           
  $3,743,248       $751,861       $28,819       $536,139       $217,592       $3,370,184       $6,960  
  —        —        —        —        —        13,987       17  
  —        —        —        —        —        169       —   
  3,743,248       751,861       28,819       536,139       217,592       3,384,340       6,977  
           
  188       33       1       25       9       157       —   
  189       26       1       23       —        —        1  
  377       59       2       48       9       157       1  
           
  3,639,247       751,802       20,292       495,694       217,583       3,240,520       6,976  
  103,624       —        8,525       40,397       —        143,663       —   
  $3,742,871       $751,802       $28,817       $536,091       $217,583       $3,384,183       $6,976  
  $3,590,256       $685,382       $31,281       $490,293       $250,585       $3,430,726       $7,393  
  165,046       23,838       3,464       24,260       23,651       469,385       708  

 

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

 

Premier

Growth

Equity

V.I.S.

Fund —

Class 1 Shares

   

Real

Estate

Securities

V.I.S.

Fund —

Class 1 Shares

   

S&P 500®

Index

V.I.S.

Fund —

Class 1 Shares

   

Small-Cap

Equity

V.I.S.

Fund —

Class 1 Shares

   

Total

Return

V.I.S.

Fund —

Class 1 Shares

   

Total

Return

V.I.S.

Fund —

Class 3 Shares

   

U.S.

Equity

V.I.S.

Fund —

Class 1 Shares

 
           
  $465,701       $6,216,081       $5,746,178       $830,494       $7,559,311       $33,171,298       $369,915  
  —        —        —        —        —        —        —   
  —        —        —        —        99       —        —   
  465,701       6,216,081       5,746,178       830,494       7,559,410       33,171,298       369,915  
           
  20       289       242       36       328       1,800       11  
  —        8,502       177       1       —        5,859       2  
  20       8,791       419       37       328       7,659       13  
           
  465,681       6,102,924       5,745,759       830,457       3,577,546       30,763,745       369,902  
  —        104,366       —        —        3,981,536       2,399,894       —   
  $465,681       $6,207,290       $5,745,759       $830,457       $7,559,082       $33,163,639       $369,902  
  $394,725       $6,542,172       $4,302,565       $883,257       $8,287,109       $36,293,057       $327,175  
  4,224       638,201       119,067       67,138       512,496       2,250,427       7,641  

 

See accompanying notes to financial statements.

 

F-15


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 

    The Alger Portfolios     The Prudential Series Fund  
    

Alger

Large

Cap

Growth

Portfolio —

Class I-2 Shares

   

Alger

Small

Cap

Growth

Portfolio —

Class I-2 Shares

   

PSF Natural

Resources

Portfolio —

Class II Shares

   

PSF PGIM

Jennison

Blend

Portfolio —

Class II Shares

   

PSF PGIM

Jennison

Focused

Blend

Portfolio —

Class II Shares

 
Assets:          
Investments at fair value (note 2b)     $257,726       $77,993       $2,635,612       $208,923       $—   
Dividend receivable     —        —        —        —        —   
Receivable for units sold     —        —        875       —        —   
Total assets     257,726       77,993       2,636,487       208,923       —   
Liabilities:          
Accrued expenses payable to affiliate (note 4b)     10       3       122       9       —   
Payable for units withdrawn     7       —        —        —        —   
Total liabilities     17       3       122       9       —   
Net assets attributable to:          
Variable annuity contract owners in the accumulation period     257,709       77,990       2,593,242       208,914       —   
Variable annuity contract owners in the annuitization period     —        —        43,123       —        —   
Net assets     $257,709       $77,990       $2,636,365       $208,914       $—   
Investments in securities at cost     $263,611       $118,776       $2,540,543       $201,938       $—   
Shares outstanding     4,129       4,718       65,141       2,219       —   

 

See accompanying notes to financial statements.

 

F-16


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Assets and Liabilities — Continued

December 31, 2023

 

The Prudential

Series Fund

(continued)

 


PSF PGIM

Jennison

Growth

Portfolio —

Class II Shares

 
  $503,279  
  —   
  —   
  503,279  
  22  
  —   
  22  
  503,257  
  —   
  $503,257  
  $186,158  
  3,780  

 

See accompanying notes to financial statements.

 

F-17


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations

 

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

AB VPS

Large Cap
Growth
Portfolio —
Class B

   

AB VPS
Relative

Value
Portfolio —
Class B

   

AB VPS

Small Cap
Growth
Portfolio —
Class B

 
     Year ended
December 31,
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     $18,565       $18,233       $—        $33,834       $—   
Mortality and expense risk and administrative charges (note 4)     35,900       22,359       16,112       42,859       8,138  
Net investment income (expense)     (17,335     (4,126     (16,112     (9,025     (8,138
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (79,820     (9,101     2,341       59,564       (91,044
Change in unrealized appreciation (depreciation)     203,265       390       222,929       (12,152     178,440  
Capital gain distributions     106,375       —        73,669       213,716       —   
Net realized and unrealized gain (loss) on investments     229,820       (8,711     298,939       261,128       87,396  
Increase (decrease) in net assets from operations     $212,485       $(12,837     $282,827       $252,103       $79,258  

 

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

Invesco

V.I.
Conservative
Balanced
Fund —

Series I shares

   

Invesco

V.I.
Conservative
Balanced
Fund —

Series II shares

   

Invesco

V.I.

Core

Equity

Fund —

Series I shares

   

Invesco

V.I.

Core Plus

Bond

Fund —

Series I shares

   

Invesco

V.I.

Discovery

Mid Cap
Growth
Fund —

Series I shares

 
     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     $1,833       $31,328       $2,792       $11,328       $—   
Mortality and expense risk and administrative charges (note 4)     1,381       41,084       107,368       5,601       2,123  
Net investment income (expense)     452       (9,756     (104,576     5,727       (2,123
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (4,760     (5,103     (1,955,354     (360     (1,674
Change in unrealized appreciation (depreciation)     13,721       187,424       3,951,174       14,414       20,833  
Capital gain distributions     —        —        9,011       —        —   
Net realized and unrealized gain (loss) on investments     8,961       182,321       2,004,831       14,054       19,159  
Increase (decrease) in net assets from operations     $9,413       $172,565       $1,900,255       $19,781       $17,036  

 

See accompanying notes to financial statements.

 

F-18


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

AB Variable

Products Series

Fund, Inc.

(continued)

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

Invesco

V.I.

American
Franchise
Fund —

Series I shares

   

Invesco

V.I.

American

Franchise
Fund —

Series II shares

   

Invesco

V.I.

American

Value

Fund —

Series II shares

   

Invesco

V.I.

Capital
Appreciation
Fund —

Series I shares

   

Invesco

V.I.

Capital
Appreciation
Fund —

Series II shares

   

Invesco

V.I.

Comstock
Fund —

Series II shares

 

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

 
           
  $17       $—        $—        $1,863       $—        $—        $63,567  
  931       5,850       5,498       7,336       1,525       13,073       39,146  
  (914     (5,850     (5,498     (5,473     (1,525     (13,073     24,421  
           
  2,562       (16,731     (3,245     (4,619     (348     (34,782     4,714  
  1,307       120,883       110,731       (28,727     33,208       270,436       (256,511
  3,727       8,036       8,575       103,736       —        —        457,789  
  7,596       112,188       116,061       70,390       32,860       235,654       205,992  
  $6,682       $106,338       $110,563       $64,917       $31,335       $222,581       $230,413  

 

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

Invesco

V.I.

Discovery

Mid Cap

Growth

Fund —

Series II shares

   

Invesco

V.I.

EQV
International

Equity

Fund —

Series II shares

   

Invesco

V.I.

Equity and

Income

Fund —

Series II shares

   

Invesco

V.I.

Global

Fund —

Series II shares

   

Invesco

V.I.

Global

Real Estate

Fund —

Series II shares

   

Invesco

V.I.

Global

Strategic

Income

Fund —

Series I shares

   

Invesco

V.I.

Main Street

Fund®

Series II shares

 

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

 
           
  $—        $—        $11,511       $—        $52       $—        $ 7,506  
  2,067       9,660       12,672       50,089       62       60       127,624  
  (2,067     (9,660     (1,161     (50,089     (10     (60     (120,118
           
  (376     (7,140     (4,289     (61,051     (17     (338     (5,079,479
  15,623       108,723       24,073       625,527       327       674       7,122,826  
  —        469       34,948       364,560       —        —        107,174  
  15,247       102,052       54,732       929,036       310       336       2,150,521  
  $13,180       $92,392       $53,571       $878,947       $300       $276       $2,030,403  

 

See accompanying notes to financial statements.

 

F-19


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    AIM Variable
Insurance
Funds (Invesco
Variable
Insurance Funds)
(continued)
    Allspring
Variable Trust
    American
Century
Variable
Portfolios II,
Inc.
    American Century Variable
Portfolios, Inc.
 
    Invesco
V.I.
Main Street
Small Cap
Fund® —
Series II shares
    Allspring
VT
Discovery
All Cap
Growth
Fund —
Class 2
    VP
Inflation
Protection
Fund —
Class II
    VP
Disciplined
Core
Value
Fund —
Class I
    VP
International
Fund —
Class I
 
     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     $11,657       $—        $95,471       $2,602       $2,078  
Mortality and expense risk and administrative charges (note 4)     19,565       6,789       49,952       3,242       3,309  
Net investment income (expense)     (7,908     (6,789     45,519       (640     (1,231
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     22,910       (7,519     (66,284     (19,931     (2,665
Change in unrealized appreciation (depreciation)     179,253       86,003       62,974       32,987       18,869  
Capital gain distributions     —        45,047       —        —        —   
Net realized and unrealized gain (loss) on investments     202,163       123,531       (3,310     13,056       16,204  
Increase (decrease) in net assets from operations     $194,255       $116,742       $42,209       $12,416       $14,973  

 

    BlackRock Variable Series Funds,
Inc. (continued)
    Columbia Funds Variable Series
Trust II
    Deutsche DWS
Variable
Series I
 
    BlackRock
Global
Allocation V.I.
Fund —
Class III
Shares
    BlackRock
Large Cap
Focus Growth
V.I. Fund —
Class III
Shares
   

CTIVP® —
Principal

Blue Chip
Growth
Fund —

Class 1

   

Columbia
Variable
Portfolio —
Overseas

Core

Fund —

Class 2

    DWS Capital
Growth VIP —
Class B Shares
 
     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     $704,956       $—        $—        $ 51,830       $—   
Mortality and expense risk and administrative charges (note 4)     529,677       2,178       160,456       49,811       3,069  
Net investment income (expense)     175,279       (2,178     (160,456     2,019       (3,069
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (701,897     586       323,570       (48,569     (577
Change in unrealized appreciation (depreciation)     3,420,338       52,913       2,738,234       435,167       43,162  
Capital gain distributions     —        2,483       —        —        5,693  
Net realized and unrealized gain (loss) on investments     2,718,441       55,982       3,061,804       386,598       48,278  
Increase (decrease) in net assets from operations     $2,893,720       $53,804       $2,901,348       $388,617       $45,209  

 

See accompanying notes to financial statements.

 

F-20


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

American Century Variable
Portfolios, Inc. (continued)

    BNY Mellon     BlackRock
Variable Series
Funds, Inc.
 

VP
Ultra®

Fund —

Class I

   

VP
Value

Fund —

Class I

    BNY Mellon
Investment
Portfolios —
MidCap
Stock
Portfolio —
Initial Shares
    BNY Mellon
Sustainable U.S.
Equity
Portfolio, Inc. —
Initial Shares
    BNY Mellon
Variable
Investment
Fund —
Government
Money Market
Portfolio
    BlackRock
Advantage
SMID Cap V.I.
Fund —
Class III Shares
   

BlackRock
Basic

Value V.I.
Fund —

Class III Shares

 
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
 
           
  $—        $10,084       $134       $581       $18,199       $3,651       $41,002  
  7,100       7,431       262       7,925       6,113       3,240       45,484  
  (7,100     2,653       (128     (7,344     12,086       411       (4,482
           
  5,864       22,361       (10     (279     —        (16,388     (101,371
  120,707       (26,270     2,309       54,680       —        47,373       374,559  
  30,970       30,640       539       9,330       —        —        108,776  
  157,541       26,731       2,838       63,731       —        30,985       381,964  
  $150,441       $29,384       $2,710       $56,387       $12,086       $31,396       $377,482  

 

Deutsche DWS Variable Series II    

Eaton Vance
Variable Trust

    Federated Hermes Insurance Series  

DWS

CROCI®

U.S.

VIP —

Class B Shares

   

DWS

Small

Mid Cap

Value

VIP —

Class B Shares

   

VT

Floating-

Rate Income
Fund

   

Federated
Hermes High
Income

Bond

Fund II —

Primary Shares

   

Federated
Hermes High
Income

Bond

Fund II —

Service Shares

   

Federated

Hermes
Kaufmann

Fund II —
Service Shares

   

Federated

Hermes

Managed

Volatility

Fund II —
Primary Shares

 

Year ended
December 31,

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

 
           
  $2,133       $ 599       $255,156       $13       $36,526       $—        $566  
  2,372       1,195       52,555       3       10,109       30,861       395  
  (239     (596     202,601       10       26,417       (30,861     171  
           
  644       (109     (23,956     (5     (12,623     (124,699     (1,630
  26,127       7,119       101,327       18       52,517       477,912       3,292  
  —        2,929       —        —        —        —        —   
  26,771       9,939       77,371       13       39,894       353,213       1,662  
  $26,532       $9,343       $279,972       $23       $66,311       $322,352       $1,833  

 

See accompanying notes to financial statements.

 

F-21


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    Fidelity® Variable Insurance Products Fund  
   

VIP

Asset
ManagerSM
Portfolio —
Initial Class

   

VIP

Asset
ManagerSM
Portfolio —
Service Class 2

   

VIP

Balanced
Portfolio —
Service Class 2

    VIP
Contrafund®
Portfolio —
Initial Class
    VIP
Contrafund®
Portfolio —
Service Class 2
 
     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     $2,473       $873       $76,562       $3,184       $46,943  
Mortality and expense risk and administrative charges (note 4)     1,458       639       101,322       9,257       229,558  
Net investment income (expense)     1,015       234       (24,760     (6,073     (182,615
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (161     (124     102,103       16,708       277,231  
Change in unrealized appreciation (depreciation)     9,310       3,602       601,041       146,846       2,696,294  
Capital gain distributions     1,107       454       195,263       23,189       596,246  
Net realized and unrealized gain (loss) on investments     10,256       3,932       898,407       186,743       3,569,771  
Increase (decrease) in net assets from operations     $11,271       $4,166       $873,647       $180,670       $3,387,156  

 

    Fidelity® Variable Insurance Products Fund (continued)  
   

VIP

Growth
Portfolio —

Initial Class

   

VIP

Growth
Portfolio —

Service Class 2

   

VIP

Investment

Grade

Bond
Portfolio —

Service Class 2

   

VIP

Mid

Cap

Portfolio —

Service Class 2

   

VIP

Overseas
Portfolio —
Initial Class

 
     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     $559       $31       $65,016       $12,239       $1,210  
Mortality and expense risk and administrative charges (note 4)     7,230       12,897       70,944       50,558       1,597  
Net investment income (expense)     (6,671     (12,866     (5,928     (38,319     (387
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     41,328       16,145       (593,870     1,824       352  
Change in unrealized appreciation (depreciation)     94,233       196,754       756,054       341,363       19,254  
Capital gain distributions     20,549       39,756       —        91,603       306  
Net realized and unrealized gain (loss) on investments     156,110       252,655       162,184       434,790       19,912  
Increase (decrease) in net assets from operations     $149,439       $239,789       $156,256       $396,471       $19,525  

 

See accompanying notes to financial statements.

 

F-22


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

Fidelity® Variable Insurance Products Fund (continued)  

VIP

Dynamic

Capital
Appreciation
Portfolio —

Service Class 2

   

VIP

Equity-

Income
PortfolioSM —

Initial Class

   

VIP

Equity-

Income
PortfolioSM —

Service Class 2

   

VIP

Growth &
Income
Portfolio —

Initial Class

   

VIP

Growth &

Income
Portfolio —

Service Class 2

   

VIP

Growth
Opportunities
Portfolio —

Initial Class

   

VIP

Growth
Opportunities
Portfolio —

Service Class 2

 

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

 
           
  $35       $4,906       $39,712       $3,891       $8,258       $—        $—   
  487       3,529       60,231       3,542       8,910       1,162       3,750  
  (452     1,377       (20,519     349       (652     (1,162     (3,750
           
  189       731       229,194       18,307       23,607       15,391       (15,493
  5,930       12,854       43,036       12,059       43,015       16,384       106,697  
  1,519       7,364       68,145       8,914       21,807       —        —   
  7,638       20,949       340,375       39,280       88,429       31,775       91,204  
  $7,186       $22,326       $319,856       $39,629       $87,777       $30,613       $87,454  

 

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

VIP

Value

Strategies
Portfolio —

Service Class 2

   

Franklin
Allocation

VIP

Fund —

Class 2 Shares

   

Franklin
Income

VIP

Fund —

Class 2 Shares

   

Franklin

Large

Cap

Growth

VIP

Fund —

Class 2 Shares

   

Franklin
Mutual

Shares

VIP

Fund —

Class 2 Shares

   

Templeton
Foreign

VIP

Fund —

Class 1 Shares

   

Templeton

Foreign

VIP

Fund —

Class 2 Shares

 

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

 
           
  $525       $89,104       $1,189,603       $—        $ 63,975       $—        $6,397  
  891       110,722       453,402       4,166       56,298       —        3,109  
  (366     (21,618     736,201       (4,166     7,677       —        3,288  
           
  688       (251,656     (241,829     (36,772     (112,189     —        (697
  7,585       888,301       (515,225     119,535       208,565       —        31,454  
  2,203       103,429       1,442,179       8,804       294,456       —        —   
  10,476       740,074       685,125       91,567       390,832       —        30,757  
  $10,110       $718,456       $1,421,326       $87,401       $398,509       $—        $34,045  

 

See accompanying notes to financial statements.

 

F-23


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    Franklin Templeton Variable
Insurance Products Trust
(continued)
    Goldman Sachs Variable Insurance Trust  
   

Templeton
Global

Bond

VIP

Fund —

Class 1 Shares

   

Templeton
Growth

VIP

Fund —

Class 2 Shares

   

Goldman Sachs
Government
Money

Market
Fund —

Service Shares

   

Goldman Sachs

Large

Cap

Value

Fund —

Institutional
Shares

   

Goldman Sachs
Mid

Cap

Value

Fund —

Institutional
Shares

 
     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     $—        $14,311       $290,577       $2,779       $2,639  
Mortality and expense risk and administrative charges (note 4)     419       6,783       98,559       2,162       3,836  
Net investment income (expense)     (419     7,528       192,018       617       (1,197
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (780     (1,225     —        (717     (71
Change in unrealized appreciation (depreciation)     1,832       69,065       —        3,211       19,962  
Capital gain distributions     —        —        —        14,030       6,500  
Net realized and unrealized gain (loss) on investments     1,052       67,840       —        16,524       26,391  
Increase (decrease) in net assets from operations     $ 633       $75,368       $192,018       $17,141       $25,194  

 

    Janus Aspen Series (continued)  
    Janus
Henderson
Global
Research
Portfolio —
Institutional
Shares
    Janus
Henderson
Global
Research
Portfolio —
Service Shares
    Janus
Henderson
Global
Technology and
Innovation
Portfolio —
Service Shares
    Janus
Henderson
Overseas
Portfolio —
Institutional
Shares
    Janus
Henderson
Overseas
Portfolio —
Service Shares
 
     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     $1,918       $830       $—        $1,540       $1,137  
Mortality and expense risk and administrative charges (note 4)     3,048       1,684       —        1,559       1,249  
Net investment income (expense)     (1,130     (854     —        (19     (112
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     14,485       5,436       —        1,456       1,954  
Change in unrealized appreciation (depreciation)     28,104       16,626       —        7,496       4,971  
Capital gain distributions     6,277       3,103       —        —        —   
Net realized and unrealized gain (loss) on investments     48,866       25,165       —        8,952       6,925  
Increase (decrease) in net assets from operations     $47,736       $24,311       $—        $8,933       $6,813  

 

See accompanying notes to financial statements.

 

F-24


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

Janus Aspen Series

 

Janus
Henderson
Balanced
Portfolio —
Institutional
Shares
    Janus
Henderson
Balanced
Portfolio —
Service Shares
    Janus
Henderson
Enterprise
Portfolio —
Institutional
Shares
    Janus
Henderson
Enterprise
Portfolio —
Service Shares
    Janus
Henderson
Flexible Bond
Portfolio —
Institutional
Shares
    Janus
Henderson
Forty
Portfolio —
Institutional
Shares
    Janus
Henderson
Forty
Portfolio —
Service Shares
 

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

 
           
  $12,194       $121,849       $1,086       $88       $9       $1,377       $4,596  
  8,272       122,895       9,589       1,387       14       11,857       60,839  
  3,922       (1,046     (8,503     (1,299     (5     (10,480     (56,243
           
  39,370       278,526       8,773       190       (577     37,514       95,384  
  33,565       577,783       56,870       7,993       682       244,406       1,087,794  
  —        —        46,841       7,052       —        —        —   
  72,935       856,309       112,484       15,235       105       281,920       1,183,178  
  $76,857       $855,263       $103,981       $13,936       $100       $271,440       $1,126,935  

 

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

Janus
Henderson
Research
Portfolio —
Institutional
Shares

    Janus
Henderson
Research
Portfolio —
Service Shares
    ClearBridge
Variable
Aggressive
Growth
Portfolio —
Class II
    ClearBridge
Variable
Dividend
Strategy
Portfolio —
Class I
    ClearBridge
Variable
Dividend
Strategy
Portfolio —
Class II
   

ClearBridge
Variable

Large Cap
Value
Portfolio —
Class I

   

LVIP

JPMorgan

Core

Bond

Fund —

Standard 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

 
           
  $587       $5       $75       $—        $3,013       $2,304       $37,877  
  5,893       129       1,715       —        2,847       2,946       18,649  
  (5,306     (124     (1,640     —        166       (642     19,228  
           
  6,554       169       (5,136     —        2,934       614       (35,498
  142,179       2,883       18,610       —        (7,368     9,938       56,241  
  —        —        12,096       —        21,778       13,433       —   
  148,733       3,052       25,570       —        17,344       23,985       20,743  
  $143,427       $2,928       $23,930       $—        $17,510       $23,343       $39,971  

 

See accompanying notes to financial statements.

 

F-25


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    Lincoln Variable Insurance Products Trust
(continued)
    MFS®
Variable Insurance Trust
 
   

LVIP

JPMorgan

Mid Cap

Value

Fund —

Standard Class

   

LVIP

JPMorgan

Small Cap

Core

Fund —

Standard Class

   

LVIP

JPMorgan

U.S.

Equity

Fund —

Standard Class

   

MFS®
Investors

Trust

Series —

Service
Class Shares

   

MFS®

New

Discovery
Series —

Service
Class Shares

 
    

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     $19,988       $1,818       $14,712       $1,016       $—   
Mortality and expense risk and administrative charges (note 4)     9,770       2,147       17,868       3,471       5,240  
Net investment income (expense)     10,218       (329     (3,156     (2,455     (5,240
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     7,062       (1,140     36,389       7,726       (9,809
Change in unrealized appreciation (depreciation)     (10,236     15,346       139,893       17,056       56,568  
Capital gain distributions     44,882       1,136       47,518       12,379       —   
Net realized and unrealized gain (loss) on investments     41,708       15,342       223,800       37,161       46,759  
Increase (decrease) in net assets from operations     $51,926       $15,013       $220,644       $34,706       $41,519  

 

    PIMCO Variable Insurance Trust (continued)     Rydex Variable
Trust
    State Street
Variable
Insurance
Series Funds,
Inc.
 
    Long-Term
U.S.
Government
Portfolio —
Administrative
Class Shares
   

Low

Duration

Portfolio —

Administrative
Class Shares

   

Total

Return

Portfolio —

Administrative
Class Shares

   

NASDAQ —

100® Fund

   

Income

V.I.S.

Fund —

Class 1 Shares

 
     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     $180,805       $241,138       $331,585       $—        $6,674  
Mortality and expense risk and administrative charges (note 4)     129,872       114,506       153,815       2,430       5,289  
Net investment income (expense)     50,933       126,632       177,770       (2,430     1,385  
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (844,094     (129,413     (414,685     7,862       (7,608
Change in unrealized appreciation (depreciation)     992,163       212,584       606,733       60,142       15,667  
Capital gain distributions     —        —        —        —        —   
Net realized and unrealized gain (loss) on investments     148,069       83,171       192,048       68,004       8,059  
Increase (decrease) in net assets from operations     $199,002       $209,803       $369,818       $65,574       $9,444  

 

See accompanying notes to financial statements.

 

F-26


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

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

MFS®

Total

Return

Series —

Service
Class Shares

   

MFS®

Utilities
Series —

Service
Class Shares

   

MFS®

Income
Portfolio —
Service

Class Shares

   

MFS®
Massachusetts
Investors
Growth

Stock
Portfolio —
Service
Class Shares

   

All

Asset
Portfolio —
Advisor
Class Shares

   

High

Yield
Portfolio —
Administrative
Class Shares

   

International

Bond

Portfolio (U.S.

Dollar

Hedged) —

Administrative
Class Shares

 

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

 
           
  $68,250       $25,939       $988       $248       $6,066       $187,234       $173  
  69,322       12,268       497       8,939       3,321       55,612       106  
  (1,072     13,671       491       (8,691     2,745       131,622       67  
           
  10,932       11,858       (5,826     2,001       (6,956     (76,525     (62
  121,215       (102,116     7,212       83,726       17,591       268,693       296  
  162,897       43,509       —        26,835       —        —        178  
  295,044       (46,749     1,386       112,562       10,635       192,168       412  
  $293,972       $(33,078     $1,877       $103,871       $13,380       $323,790       $479  

 

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

 

Premier

Growth

Equity

V.I.S.

Fund —

Class 1 Shares

   

Real

Estate

Securities

V.I.S.

Fund —

Class 1 Shares

   

S&P 500®

Index

V.I.S.

Fund —

Class 1 Shares

   

Small-Cap
Equity

V.I.S.

Fund —

Class 1 Shares

   

Total

Return

V.I.S.

Fund —

Class 1 Shares

   

Total

Return

V.I.S.

Fund —

Class 3 Shares

   

U.S.

Equity

V.I.S.

Fund —

Class 1 Shares

 

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
 
           
  $—        $135,399       $71,444       $—        $166,403       $649,426       $1,666  
  7,298       72,731       86,231       13,698       114,037       657,417       6,139  
  (7,298     62,668       (14,787     (13,698     52,366       (7,991     (4,473
           
  1,967       (179,368     225,827       (27,812     (123,292     (1,044,189     11,619  
  153,042       568,561       825,894       65,375       1,004,223       5,118,120       61,048  
  10,167       —        188,741       71,068       —        —        24,793  
  165,176       389,193       1,240,462       108,631       880,931       4,073,931       97,460  
  $157,878       $451,861       $1,225,675       $94,933       $ 933,297       $4,065,940       $92,987  

 

See accompanying notes to financial statements.

 

F-27


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

    The Alger Portfolios     The Prudential Series Fund  
   

Alger

Large

Cap

Growth

Portfolio —

Class I-2 Shares

   

Alger

Small

Cap

Growth
Portfolio —
Class I-2 Shares

   

PSF Natural

Resources

Portfolio —

Class II Shares

   

PSF PGIM

Jennison

Blend

Portfolio —

Class II Shares

   

PSF PGIM
Jennison
Focused

Blend
Portfolio —
Class II Shares

 
    

Year ended
December 31,

2023

    Year ended
December 31,
2023
   

Year ended

December 31,

2023

   

Period from

December 08 to
December 31,

2023

   

Period from

January 1 to

December 08,

2023

 
Investment income and expense:          
Income — Ordinary dividends     $—        $—        $—        $—        $—   
Mortality and expense risk and administrative charges (note 4)     3,251       1,030       22,348       179       2,684  
Net investment income (expense)     (3,251     (1,030     (22,348     (179     (2,684
Net realized and unrealized gain (loss) on investments:          
Net realized gain (loss)     (718     (2,293     24,634       765       144,622  
Change in unrealized appreciation (depreciation)     64,881       13,642       (31,910     6,984       (100,084
Capital gain distributions     —        —        —        —        —   
Net realized and unrealized gain (loss) on investments     64,163       11,349       (7,276     7,749       44,538  
Increase (decrease) in net assets from operations     $60,912       $10,319       $(29,624     $7,570       $41,854  

 

See accompanying notes to financial statements.

 

F-28


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Operations — Continued

 

The
Prudential
Series Fund
(continued)
 

PSF PGIM

Jennison

Growth

Portfolio —

Class II Shares

 

Year ended

December 31,

2023

 
  $—   
  6,824  
  (6,824
  5,751  
  170,534  
  —   
  176,285  
  $169,461  

 

See accompanying notes to financial statements.

 

F-29


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets

 

    AB Variable Products Series Fund, Inc.  
    AB VPS
Balanced Hedged
Allocation Portfolio —
Class B
    AB VPS
International
Value Portfolio —
Class B
    AB VPS
Large Cap
Growth Portfolio —
Class B
 
     Year ended
December 31,
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)     $(17,335     $32,812       $(4,126     $(15,433     $(16,112     $(15,549
Net realized gain (loss) on investments     (79,820     (74,003     (9,101     (217,007     2,341       22,445  
Change in unrealized appreciation (depreciation) on investments     203,265       (787,274     390       (414,233     222,929       (502,787
Capital gain distributions     106,375       243,546                   73,669       129,181  
Increase (decrease) in net assets from operations     212,485       (584,919     (12,837     (646,673     282,827       (366,710
From capital transactions (note 4):            
Net premiums     100       700       375       1,046       —        —   
Transfers for contract benefits and terminations     (146,394     (309,261     (162,059     (190,683     (27,796     (83,037
Administrative expenses     (33,050     (35,700     (17,473     (23,753     (596     (623
Transfers between subaccounts (including fixed account), net     340       38,128       2,490,144       (2,547,774     (27,330     90,380  
Increase (decrease) in net assets from capital transactions     (179,004     (306,133     2,310,987       (2,761,164     (55,722     6,720  
Increase (decrease) in net assets     33,481       (891,052     2,298,150       (3,407,837     227,105       (359,990
Net assets at beginning of year     2,038,928       2,929,980       381,750       3,789,587       890,432       1,250,422  
Net assets at end of year     $2,072,409       $2,038,928       $2,679,900       $381,750       $1,117,537       $890,432  
Change in units (note 5):            
Units purchased     8,423       10,141       358,659       58,863       208       3,899  
Units redeemed     (20,403     (30,909     (35,888     (508,708     (1,788     (3,474
Net increase (decrease) in units from capital transactions with contract owners     (11,980     (20,768     322,771       (449,845     (1,580     425  

 

See accompanying notes to financial statements.

 

F-30


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

AB Variable Products Series Fund, Inc. (continued)    

AIM Variable Insurance Funds (Invesco Variable

Insurance Funds)

 

AB VPS

Relative

Value Portfolio —

Class B

   

AB VPS

Small Cap

Growth Portfolio —

Class B

   

AB VPS

Sustainable Global

Thematic Portfolio —

Class B

   

Invesco

V.I. American

Franchise Fund —

Series I shares

   

Invesco

V.I. American

Franchise Fund —

Series II shares

 
Year ended
December 31,
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

 
                 
                 
  $(9,025     $(15,097     $(8,138     $(9,580     $(914     $(1,094     $(5,850     $(5,756     $(5,498     $(5,417
  59,564       94,904       (91,044     (47,979     2,562       2,504       (16,731     (15,917     (3,245     1,472  
  (12,152     (785,308     178,440       (606,457     1,307       (34,136     120,883       (215,887     110,731       (233,173
  213,716       500,095       —        300,646       3,727       7,122       8,036       101,109       8,575       96,771  
  252,103       (205,406     79,258       (363,370     6,682       (25,604     106,338       (136,451     110,563       (140,347
                 
  624       4,652       —        —        —        —        —        —        —        —   
  (346,605     (253,216     (73,498     (48,046     (13,373     (6,471     (35,025     (81,019     (2,156     (3,330
  (3,676     (3,866     (2,863     (2,819     (40     (105     (279     (238     (566     (507
  42,758       (177,137     1,243       13,039       (461     1,327       32,112       101,202       (12,183     9,164  
  (306,899     (429,567     (75,118     (37,826     (13,874     (5,249     (3,192     19,945       (14,905     5,327  
  (54,796     (634,973     4,140       (401,196     (7,192     (30,853     103,146       (116,506     95,658       (135,020
  2,818,413       3,453,386       519,660       920,856       60,286       91,139       290,414       406,920       297,426       432,446  
  $2,763,617       $2,818,413       $523,800       $519,660       $53,094       $60,286       $393,560       $290,414       $393,084       $297,426  
                 
  5,484       1,050       1,155       1,778       46       104       2,782       4,752       49       305  
  (15,195     (16,701     (3,121     (2,390     (567     (318     (2,976     (3,979     (521     (108

 

(9,711

    (15,651     (1,966     (612     (521     (214     (194     773       (472     197  

 

See accompanying notes to financial statements.

 

F-31


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

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

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)     $(5,473     $(4,443     $(1,525     $(1,833     $(13,073     $(13,137
Net realized gain (loss) on investments     (4,619     (650     (348     (4,364     (34,782     5,601  
Change in unrealized appreciation (depreciation) on investments     (28,727     (92,102     33,208       (92,630     270,436       (615,004
Capital gain distributions     103,736       81,489       —        45,093       —        295,551  
Increase (decrease) in net assets from operations     64,917       (15,706     31,335       (53,734     222,581       (326,989
From capital transactions (note 4):            
Net premiums     —        1,040       —        —        —        —   
Transfers for contract benefits and terminations     (26,140     (5,818     (3,105     (5,309     (67,922     (72,346
Administrative expenses     (204     (133     (130     (134     (1,922     (1,932
Transfers between subaccounts (including fixed account), net     48,100       70,067       (79     (16,814     30,148       104,540  
Increase (decrease) in net assets from capital transactions     21,756       65,156       (3,314     (22,257     (39,696     30,262  
Increase (decrease) in net assets     86,673       49,450       28,021       (75,991     182,885       (296,727
Net assets at beginning of year     447,941       398,491       94,495       170,486       712,826       1,009,553  
Net assets at end of year     $534,614       $447,941       $122,516       $94,495       $895,711       $712,826  
Change in units (note 5):            
Units purchased     4,836       7,288       1       12       4,773       6,090  
Units redeemed     (2,519     (605     (81     (655     (5,962     (4,448
Net increase (decrease) in units from capital transactions with contract owners     2,317       6,683       (80     (643     (1,189     1,642  

 

See accompanying notes to financial statements.

 

F-32


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

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

Invesco

V.I. Comstock Fund —

Series II shares

   

Invesco

V.I. Conservative

Balanced Fund —

Series I shares

   

Invesco

V.I. Conservative

Balanced Fund —

Series II shares

   

Invesco

V.I. Core

Equity Fund —

Series I shares

   

Invesco

V.I. Core Plus

Bond Fund —

Series I shares

 
Year ended
December 31,
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
   

Period from

April 29 to

December 31,

2022

 
                 
                 
  $24,421       $(4,586     $452       $(16     $(9,756     $(22,844     $(104,576     $(107,467     $5,727       $(738
  4,714       93,945       (4,760     (934     (5,103     28,463       (1,955,354     (587,185     (360     (127
  (256,511     (150,585     13,721       (32,099     187,424       (640,101     3,951,174       (4,662,129     14,414       (14,945
  457,789       37,228       —        8,855       —        157,742       9,011       1,896,841       —        187  
  230,413       (23,998     9,413       (24,194     172,565       (476,740     1,900,255       (3,459,940     19,781       (15,623
                 
  475       —        —        —        4,826       6,334       14,279       5,947       —        —   
  (207,477     (55,944     (55,864     (6,986     (220,599     (237,329     (635,494     (1,457,962     (5,455     (4,635
  (26,673     (7,689     (20     (21     (19,365     (20,180     (94,953     (180,382     (73     (61
  3,073,377       (325,688     (44     (1     3,341       20,268       (11,700,583     (452,912     119,533       357,655  
  2,839,702       (389,321     (55,928     (7,008     (231,797     (230,907     (12,416,751     (2,085,309     114,005       352,959  
  3,070,115       (413,319     (46,515     (31,202     (59,232     (707,647     (10,516,496     (5,545,249     133,786       337,336  
  1,163,751       1,577,070       103,754       134,956       1,898,252       2,605,899       10,923,888       16,469,137       337,336       —   
  $4,233,866       $1,163,751       $57,239       $103,754       $1,839,020       $1,898,252       $407,392       $10,923,888       $471,122       $337,336  
                 
  134,923       699       —        —        4,697       8,647       16,034       90,230       12,549       36,247  
  (16,459     (14,177     (2,791     (368     (24,548     (27,543     (584,219     (192,489     (586     (477

 

118,464

 

    (13,478     (2,791     (368     (19,851     (18,896     (568,185     (102,259     11,963       35,770  

 

See accompanying notes to financial statements.

 

F-33


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)  
    Invesco
V.I. Discovery
Mid Cap
Growth Fund —
Series I shares
    Invesco
V.I. Discovery
Mid Cap
Growth Fund —
Series II shares
    Invesco
V.I. EQV
International
Equity Fund —
Series II shares
 
     Year ended
December 31,
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)     $(2,123     $(2,293     $(2,067     $(2,346     $(9,660     $ (714
Net realized gain (loss) on investments     (1,674     219       (376     482       (7,140     (6,239
Change in unrealized appreciation (depreciation) on investments     20,833       (113,423     15,623       (100,585     108,723       (220,409
Capital gain distributions     —        45,177       —        40,372       469       74,355  
Increase (decrease) in net assets from operations     17,036       (70,320     13,180       (62,077     92,392       (153,007
From capital transactions (note 4):            
Net premiums     —        —        —        —        100       910  
Transfers for contract benefits and terminations     (6,752     (1,410     (59     (12,685     (34,815     (48,292
Administrative expenses     (185     (190     (31     (66     (7,157     (7,280
Transfers between subaccounts (including fixed account), net     —        2       60       654       (17,065     15,925  
Increase (decrease) in net assets from capital transactions     (6,937     (1,598     (30     (12,097     (58,937     (38,737
Increase (decrease) in net assets     10,099       (71,918     13,150       (74,174     33,455       (191,744
Net assets at beginning of year     148,573       220,491       119,916       194,090       599,822       791,566  
Net assets at end of year     $158,672       $148,573       $133,066       $119,916       $633,277       $599,822  
Change in units (note 5):            
Units purchased     —        —        2       22       2,132       4,649  
Units redeemed     (195     (45     (3     (505     (6,028     (7,360
Net increase (decrease) in units from capital transactions with contract owners     (195     (45     (1     (483     (3,896     (2,711

 

See accompanying notes to financial statements.

 

F-34


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

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

Invesco

V.I. Equity and

Income Fund —

Series II shares

   

Invesco

V.I. Global Fund —

Series II shares

   

Invesco

V.I. Global Real

Estate Fund —

Series II shares

   

Invesco

V.I. Global Strategic

Income Fund —

Series I shares

   

Invesco

V.I. Main

Street Fund® —

Series II shares

 
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
 
                 
                 
  $(1,161     $(3,943     $(50,089     $(57,058     $(10     $53       $(60     $(84     $(120,118     $(115,804
  (4,289     12,789       (61,051     27,468       (17     (9     (338     (1,127     (5,079,479     (1,266,429
  24,073       (180,170     625,527       (2,168,002     327       (1,559     674       156       7,122,826       (8,269,016
  34,948       93,307       364,560       610,082       —        —        —        —        107,174       5,304,253  
  53,571       (78,017     878,947       (1,587,510     300       (1,515     276       (1,055     2,030,403       (4,346,996
                 
  —        —        300       611       —        —        —        —        15,583       6,008  
  (51,723     (52,616     (370,718     (433,064     (33     (46     (1,133     (3,975     (1,074,481     (1,832,503
  (8,116     (8,481     (26,992     (27,486     (1     (1     (4     (4     (93,197     (188,618
  28,777       (43,092     (180,906     149,006       1       —        —        47       (11,647,232     (2,437,314
  (31,062     (104,189     (578,316     (310,933     (33     (47     (1,137     (3,932     (12,799,327     (4,452,427
  22,509       (182,206     300,631       (1,898,443     267       (1,562     (861     (4,987     (10,768,924     (8,799,423
  666,126       848,332       2,988,273       4,886,716       4,210       5,772       4,557       9,544       12,268,769       21,068,192  
  $688,635       $666,126       $3,288,904       $2,988,273       $4,477       $4,210       $3,696       $4,557       $1,499,845       $12,268,769  
                 
  3,109       1,692       5,507       26,801       —        —        —        —        12,218       91,923  
  (4,652     (7,329     (28,968     (34,793     (2     (3     (119     (402     (526,277     (288,213

 

(1,543

    (5,637     (23,461     (7,992     (2     (3     (119     (402     (514,059     (196,290

 

See accompanying notes to financial statements.

 

F-35


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    AIM Variable Insurance
Funds (Invesco Variable
Insurance Funds)
(continued)
    Allspring Variable Trust     American Century
Variable Portfolios II, Inc.
 
    Invesco
V.I. Main
Street Small Cap
Fund® —
Series II shares
    Allspring
VT Discovery
All Cap Growth
Fund —
Class 2
    VP
Inflation
Protection Fund —
Class II
 
     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)     $(7,908     $(20,281     $(6,789     $(6,922     $45,519       $94,617  
Net realized gain (loss) on investments     22,910       84,426       (7,519     (2,427     (66,284     (32,968
Change in unrealized appreciation (depreciation) on investments     179,253       (551,072     86,003       (321,164     62,974       (541,779
Capital gain distributions     —        160,376       45,047       100,526       —        14,029  
Increase (decrease) in net assets from operations     194,255       (326,551     116,742       (229,987     42,209       (466,101
From capital transactions (note 4):            
Net premiums     —        560       —        —        8,086       1,093  
Transfers for contract benefits and terminations     (113,846     (124,121     (8,201     (7,849     (363,388     (349,859
Administrative expenses     (6,370     (6,594     (2,201     (2,097     (33,293     (28,162
Transfers between subaccounts (including fixed account), net     (15,020     (227,805     (6,577     23,946       280,021       662,590  
Increase (decrease) in net assets from capital transactions     (135,236     (357,960     (16,979     14,000       (108,574     285,662  
Increase (decrease) in net assets     59,019       (684,511     99,763       (215,987     (66,365     (180,439
Net assets at beginning of year     1,269,216       1,953,727       382,239       598,226       2,933,801       3,114,240  
Net assets at end of year     $1,328,235       $1,269,216       $482,002       $382,239       $2,867,436       $2,933,801  
Change in units (note 5):            
Units purchased     2,356       1,924       282       912       41,903       107,354  
Units redeemed     (5,288     (9,369     (714     (536     (51,250     (84,312
Net increase (decrease) in units from capital transactions with contract owners     (2,932     (7,445     (432     376       (9,347     23,042  

 

See accompanying notes to financial statements.

 

F-36


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

American Century Variable Portfolios, Inc.

    BNY Mellon  

VP

Disciplined Core

Value Fund —

Class I

   

VP

International Fund —

Class I

   

VP

Ultra® Fund —

Class I

   

VP

Value Fund —

Class I

   

BNY

Mellon

Investment Portfolios —

MidCap Stock Portfolio —

Initial Shares

 
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
 
                 
                 
  $(640     $(63     $(1,231     $(737     $(7,100     $(7,658     $2,653       $1,606       $(128     $(142
  (19,931     (6,308     (2,665     (6,782     5,864       (1,492     22,361       5,684       (10     (135
  32,987       (66,886     18,869       (74,348     120,707       (249,960     (26,270     (31,830     2,309       (7,174
  —        44,280       —        26,199       30,970       52,822       30,640       27,005       539       4,342  
  12,416       (28,977     14,973       (55,668     150,441       (206,288     29,384       2,465       2,710       (3,109
                 
  —        —        —        —        —        —        —        —        —        —   
  (13,420     (36,967     (16,602     (22,607     (2,095     (9,490     (80,384     (25,720            
  (56     (97     (58     (62     (220     (222     (329     (318     (24     (21
  (239,745     130,096       73,239       18,443       (13,953     (47,132     78,941       110,177       229       (1,069
  (253,221     93,032       56,579       (4,226     (16,268     (56,844     (1,772     84,139       205       (1,090
  (240,805     64,055       71,552       (59,894     134,173       (263,132     27,612       86,604       2,915       (4,199
  282,726       218,671       149,027       208,921       370,086       633,218       448,071       361,467       16,173       20,372  
  $41,921       $282,726       $220,579       $149,027       $504,259       $370,086       $475,683       $448,071       $19,088       $16,173  
                 
  1,249       7,515       5,654       2,841       39       907       3,897       6,802       6       1  
  (12,010     (3,643     (2,237     (3,494     (327     (2,664     (3,277     (3,037     (1     (30

 

(10,761

    3,872       3,417       (653     (288     (1,757     620       3,765       5       (29

 

See accompanying notes to financial statements.

 

F-37


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    BNY Mellon (continued)     BlackRock Variable Series
Funds, Inc.
 
    BNY Mellon Sustainable
U.S. Equity Portfolio,
Inc. — Initial Shares
    BNY Mellon Variable
Investment Fund —
Government Money
Market Portfolio
    BlackRock Advantage
SMID Cap V.I. Fund —
Class III Shares
 
     Year ended
December 31,
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)     $(7,344     $(1,001     $12,086       $(2,056     $411       $17  
Net realized gain (loss) on investments     (279     7,259       —        —        (16,388     (9,830
Change in unrealized appreciation (depreciation) on investments     54,680       (49,542     —        —        47,373       (39,403
Capital gain distributions     9,330       9,314       —        —        —        3,380  
Increase (decrease) in net assets from operations     56,387       (33,970     12,086       (2,056     31,396       (45,836
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (44,599     (50,678     (15,502     (65,230     (27,250     (9,044
Administrative expenses     (147     (8     (212     (216     (364     (533
Transfers between subaccounts (including fixed account), net     831,007       (132     916       9,817       (512     363  
Increase (decrease) in net assets from capital transactions     786,261       (50,818     (14,798     (55,629     (28,126     (9,214
Increase (decrease) in net assets     842,648       (84,788     (2,712     (57,685     3,270       (55,050
Net assets at beginning of year     73,314       158,102       403,916       461,601       201,216       256,266  
Net assets at end of year     $915,962       $73,314       $401,204       $403,916       $204,486       $201,216  
Change in units (note 5):            
Units purchased     30,362       3       1,168       17,585       101       167  
Units redeemed     (2,335     (1,910     (2,804     (23,868     (1,147     (469
Net increase (decrease) in units from capital transactions with contract owners     28,027       (1,907     (1,636     (6,283     (1,046     (302

 

See accompanying notes to financial statements.

 

F-38


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

BlackRock Variable Series Funds, Inc. (continued)

    Columbia Funds Variable Series Trust II  

BlackRock

Basic

Value

V.I. Fund —

Class III Shares

   

BlackRock

Global

Allocation

V.I. Fund —

Class III Shares

   

BlackRock

Large Cap

Focus Growth

V.I. Fund —

Class III Shares

   

CTIVP® —

Principal Blue

Chip Growth Fund —

Class 1

   

Columbia

Variable

Portfolio —

Overseas

Core Fund —

Class 2

 
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
 
                 
                 
  $(4,482     $(26,219     $175,279       $(623,932     $(2,178     $(2,051     $(160,456     $(72,667     $2,019       $(28,278
  (101,371     (249,141     (701,897     (914,104     586       254       323,570       68,242       (48,569     (114,448
  374,559       (273,877     3,420,338       (6,082,219     52,913       (74,171     2,738,234       (987,569     435,167       (543,455
  108,776       294,606       —        527,161       2,483       7,449       —        —        —        198,388  
  377,482       (254,631     2,893,720       (7,093,094     53,804       (68,519     2,901,348       (991,994     388,617       (487,793
                 
  3,798       1,192       —        71,845       —        —        13,470       1,316       3,798       951  
  (283,378     (378,524     (3,177,287     (3,244,207     (430     (533     (1,090,285     (519,965     (316,201     (336,169
  (40,608     (49,606     (488,931     (512,098     (61     (53     (141,105     (57,989     (36,231     (32,315
  19,619       (1,285,278     (134,078     (478,549     (3,398     5,090       3,344,490       7,017,527       (3,131     652,539  
  (300,569     (1,712,216     (3,800,296     (4,163,009     (3,889     4,504       2,126,570       6,440,889       (351,765     285,006  
  76,913       (1,966,847     (906,576     (11,256,103     49,915       (64,015     5,027,918       5,448,895       36,852       (202,787
  2,721,744       4,688,591       30,035,951       41,292,054       108,720       172,735       7,407,881       1,958,986       3,050,932       3,253,719  
  $2,798,657       $2,721,744       $29,129,375       $30,035,951       $158,635       $108,720       $12,435,799       $7,407,881       $3,087,784       $3,050,932  
                 
  17,365       17,510       38,890       102,113       2       148       249,169       401,955       26,125       97,545  
  (32,112     (106,243     (285,416     (383,220     (94     (33     (155,740     (61,893     (54,023     (69,526

 

(14,747

    (88,733     (246,526     (281,107     (92     115       93,429       340,062       (27,898     28,019  

 

See accompanying notes to financial statements.

 

F-39


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Deutsche DWS Variable
Series I
    Deutsche DWS Variable Series II  
    DWS
Capital Growth VIP —
Class B Shares
    DWS
CROCI® U.S. VIP —
Class B Shares
    DWS
Small Mid
Cap Value VIP —
Class B Shares
 
     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)     $(3,069     $(2,464     $(239     $160       $(596     $(871
Net realized gain (loss) on investments     (577     (2,263     644       6,819       (109     (44
Change in unrealized appreciation (depreciation) on investments     43,162       (58,843     26,127       (54,535     7,119       (15,687
Capital gain distributions     5,693       16,284       —        3,444       2,929       1,141  
Increase (decrease) in net assets from operations     45,209       (47,286     26,532       (44,112     9,343       (15,461
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (40,337     (20,139     (3,821     (8,917     (194     (273
Administrative expenses     (76     (63     (162     (178     (34     (36
Transfers between subaccounts (including fixed account), net     41,844       88,714       192       (72,499     25       70  
Increase (decrease) in net assets from capital transactions     1,431       68,512       (3,791     (81,594     (203     (239
Increase (decrease) in net assets     46,640       21,226       22,741       (125,706     9,140       (15,700
Net assets at beginning of year     148,133       126,907       145,167       270,873       72,914       88,614  
Net assets at end of year     $194,773       $148,133       $167,908       $145,167       $82,054       $72,914  
Change in units (note 5):            
Units purchased     2,253       3,724       50       444       8       4  
Units redeemed     (2,331     (1,413     (289     (6,372     (13     (10
Net increase (decrease) in units from capital transactions with contract owners     (78     2,311       (239     (5,928     (5     (6

 

See accompanying notes to financial statements.

 

F-40


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Eaton Vance Variable
Trust
    Federated Hermes Insurance Series  

VT

Floating —

Rate Income

Fund

   

Federated

Hermes High

Income Bond

Fund II —

Primary Shares

   

Federated

Hermes High

Income Bond

Fund II —

Service Shares

   

Federated

Hermes Kaufmann

Fund II —

Service Shares

   

Federated

Hermes Managed

Volatility Fund II —

Primary Shares

 
Year ended
December 31,
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
 
                 
                 
  $202,601       $86,031       $10       $12       $26,417       $27,224       $(30,861     $(36,900     $171       $190  
  (23,956     (37,557     (5     (16     (12,623     (12,769     (124,699     (102,804     (1,630     (1,001
  101,327       (139,260     18       (39     52,517       (120,156     477,912       (751,932     3,292       (15,566
  —        —        —        —        —        —        —        208,118       —        9,453  
  279,972       (90,786     23       (43     66,311       (105,701     322,352       (683,518     1,833       (6,924
                 
  8,086       938       —        —        624       624       3,423       566       —        —   
  (372,067     (302,490     —        —        (47,815     (31,431     (179,563     (187,065     (8,797     (11,506
  (37,970     (29,419     (1     (1     (1,578     (1,633     (22,106     (24,585     (31     (29
  51,383       1,190,969       (19     (67     (1,643     (18,194     (2,364,483     1,842,577       578       678  
  (350,568     859,998       (20     (68     (50,412     (50,634     (2,562,729     1,631,493       (8,250     (10,857
  (70,596     769,212       3       (111     15,899       (156,335     (2,240,377     947,975       (6,417     (17,781
  3,178,137       2,408,925       213       324       643,993       800,328       2,862,081       1,914,106       31,586       49,367  
  $3,107,541       $3,178,137       $216       $213       $659,892       $643,993       $621,704       $2,862,081       $25,169       $31,586  
                 
  31,831       147,776       —        —        370       352       9,104       109,296       31       34  
  (58,049     (76,467     (1     (3     (2,554     (2,576     (132,696     (23,919     (470     (597

 

(26,218

    71,309       (1     (3     (2,184     (2,224     (123,592     85,377       (439     (563

 

See accompanying notes to financial statements.

 

F-41


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Fidelity® Variable Insurance Products Fund  
    VIP
Asset ManagerSM
Portfolio —
Initial Class
    VIP
Asset ManagerSM
Portfolio —
Service Class 2
    VIP
Balanced
Portfolio —
Service Class 2
 
     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)     $1,015       $698       $234       $114       $(24,760     $(54,684
Net realized gain (loss) on investments     (161     (68     (124     (148     102,103       129,197  
Change in unrealized appreciation (depreciation) on investments     9,310       (28,400     3,602       (11,229     601,041       (1,746,992
Capital gain distributions     1,107       7,371       454       3,002       195,263       357,766  
Increase (decrease) in net assets from operations     11,271       (20,399     4,166       (8,261     873,647       (1,314,713
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (3,850     (3,888     (2,199     (2,231     (516,695     (613,898
Administrative expenses     (44     (55     (95     (93     (51,247     (54,123
Transfers between subaccounts (including fixed account), net     (47     1       (70     452       (145,438     123,072  
Increase (decrease) in net assets from capital transactions     (3,941     (3,942     (2,364     (1,872     (713,380     (544,949
Increase (decrease) in net assets     7,330       (24,341     1,802       (10,133     160,267       (1,859,662
Net assets at beginning of year     102,424       126,765       39,817       49,950       4,943,357       6,803,019  
Net assets at end of year     $109,754       $102,424       $41,619       $39,817       $5,103,624       $4,943,357  
Change in units (note 5):            
Units purchased     —        —        9       27       3,608       16,300  
Units redeemed     (174     (176     (137     (133     (36,483     (40,099
Net increase (decrease) in units from capital transactions with contract owners     (174     (176     (128     (106     (32,875     (23,799

 

See accompanying notes to financial statements.

 

F-42


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Fidelity® Variable Insurance Products Fund (continued)  

VIP Contrafund®

Portfolio —

Initial Class

   

VIP

Contrafund®

Portfolio —

Service Class 2

   

VIP

Dynamic

Capital Appreciation

Portfolio —

Service Class 2

   

VIP

Equity-Income

PortfolioSM —

Initial Class

   

VIP

Equity-Income

PortfolioSM —

Service Class 2

 
Year ended
December 31,
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
 
                 
                 
  $(6,073     $(6,775     $(182,615     $(139,450     $(452     $(503     $1,377       $1,136       $(20,519     $8,933  
  16,708       38,738       277,231       413,389       189       1,955       731       2,194       229,194       118,548  
  146,846       (325,239     2,696,294       (4,376,514     5,930       (15,507     12,854       (29,246     43,036       (582,589
  23,189       33,666       596,246       529,820       1,519       4,932       7,364       8,486       68,145       173,461  
  180,670       (259,610     3,387,156       (3,572,755     7,186       (9,123     22,326       (17,430     319,856       (281,647
                 
  —        —        5,398       2,596       —        —        —        —        3,423       1,196  
  (53,269     (84,002     (1,594,957     (1,358,574     —        (9,196     (6,861     (14,408     (492,249     (496,687
  (431     (413     (154,370     (83,376     (83     (92     (61     (63     (36,135     (39,803
  (99     (28,905     8,464,224       1,609,047       (545     367       (13     (36     (2,391,529     812,768  
  (53,799     (113,320     6,720,295       169,693       (628     (8,921     (6,935     (14,507     (2,916,490     277,474  
  126,871       (372,930     10,107,451       (3,403,062     6,558       (18,044     15,391       (31,937     (2,596,634     (4,173
  589,355       962,285       9,703,821       13,106,883       27,198       45,242       251,346       283,283       4,966,323       4,970,496  
  $716,226       $589,355       $19,811,272       $9,703,821       $33,756       $27,198       $266,737       $251,346       $2,369,689       $4,966,323  
                 
  —        993       356,509       111,133       2       29       —        —        17,275       102,118  
  (908     (3,205     (110,660     (76,484     (21     (212     (208     (427     (155,965     (80,807

 

(908

    (2,212     245,849       34,649       (19     (183     (208     (427     (138,690     21,311  

 

See accompanying notes to financial statements.

 

F-43


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Fidelity® Variable Insurance Products Fund (continued)  
    VIP
Growth &
Income Portfolio —
Initial Class
    VIP
Growth &
Income Portfolio —
Service Class 2
    VIP
Growth
Opportunities Portfolio —
Initial 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
 
Increase (decrease) in net assets            
From operations:            
Net investment income (expense)     $349       $688       $(652     $(1,277     $(1,162     $(1,420
Net realized gain (loss) on investments     18,307       10,359       23,607       45,893       15,391       1,228  
Change in unrealized appreciation (depreciation) on investments     12,059       (34,291     43,015       (101,747     16,384       (74,286
Capital gain distributions     8,914       5,281       21,807       12,167       —        19,756  
Increase (decrease) in net assets from operations     39,629       (17,963     87,777       (44,964     30,613       (54,722
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (53,466     (27,824     (55,606     (83,722     (44,659     (2,544
Administrative expenses     (120     (109     (3,759     (3,983     (58     (56
Transfers between subaccounts (including fixed account), net     (511     (232     (9,682     (47,054     (167     1  
Increase (decrease) in net assets from capital transactions     (54,097     (28,165     (69,047     (134,759     (44,884     (2,599
Increase (decrease) in net assets     (14,468     (46,128     18,730       (179,723     (14,271     (57,321
Net assets at beginning of year     261,000       307,128       564,615       744,338       84,146       141,467  
Net assets at end of year     $246,532       $261,000       $583,345       $564,615       $69,875       $84,146  
Change in units (note 5):            
Units purchased     2       —        482       689       —        —   
Units redeemed     (1,481     (788     (3,051     (5,399     (984     (59
Net increase (decrease) in units from capital transactions with contract owners     (1,479     (788     (2,569     (4,710     (984     (59

 

See accompanying notes to financial statements.

 

F-44


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Fidelity® Variable Insurance Products Fund (continued)  

VIP

Growth

Opportunities

Portfolio —

Service Class 2

   

VIP

Growth Portfolio —

Initial Class

   

VIP

Growth Portfolio —

Service Class 2

   

VIP

Investment Grade

Bond Portfolio —

Service Class 2

   

VIP

Mid Cap Portfolio —

Service Class 2

 
Year ended
December 31,
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
 
                 
                 
  $(3,750     $(3,930     $(6,671     $(4,113     $(12,866     $(10,126     $(5,928     $(477     $(38,319     $(46,289
  (15,493     (11,052     41,328       5,807       16,145       13,722       (593,870     (587,551     1,824       9,347  
  106,697       (163,223     94,233       (200,307     196,754       (329,572     756,054       (1,151,468     341,363       (881,056
  —        48,631       20,549       37,929       39,756       63,323       —        463,149       91,603       236,116  
  87,454       (129,574     149,439       (160,684     239,789       (262,653     156,256       (1,276,347     396,471       (681,882
                 
  —        420       —        —        —        1,000       16,761       2,289       624       1,184  
  (15,513     (14,036     (121,535     (21,504     (25,389     (45,592     (544,398     (840,840     (245,655     (231,421
  (3,719     (3,616     (151     (149     (523     (529     (66,921     (106,106     (10,908     (11,121
  (33,828     49,184       (17     (8     (19,707     (197     (2,354,230     (2,093,084     (17,448     (79,876
  (53,060     31,952       (121,703     (21,661     (45,619     (45,318     (2,948,788     (3,037,741     (273,387     (321,234
  34,394       (97,622     27,736       (182,345     194,170       (307,971     (2,792,532     (4,314,088     123,084       (1,003,116
  224,204       321,826       451,517       633,862       722,718       1,030,689       5,452,683       9,766,771       3,230,274       4,233,390  
  $258,598       $224,204       $479,253       $451,517       $916,888       $722,718       $2,660,151       $5,452,683       $3,353,358       $3,230,274  
                 
  292       1,615       —        —        91       185       56,506       86,025       4,831       2,780  
  (1,483     (829     (2,229     (486     (1,173     (1,438     (301,926     (327,823     (10,878     (11,030

 

(1,191

    786       (2,229     (486     (1,082     (1,253     (245,420     (241,798     (6,047     (8,250

 

See accompanying notes to financial statements.

 

F-45


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Fidelity® Variable Insurance Products Fund (continued)     Franklin Templeton
Variable Insurance
Products Trust
 
    VIP
Overseas
Portfolio —
Initial Class
    VIP
Value Strategies
Portfolio —
Service Class 2
    Franklin
Allocation
VIP Fund —
Class 2 Shares
 
     Year ended
December 31,
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)     $(387     $(352     $(366     $(419     $(21,618     $(8,570
Net realized gain (loss) on investments     352       243       688       1,152       (251,656     (500,212
Change in unrealized appreciation (depreciation) on investments     19,254       (36,538     7,585       (8,883     888,301       (1,728,764
Capital gain distributions     306       995       2,203       2,627       103,429       722,881  
Increase (decrease) in net assets from operations     19,525       (35,652     10,110       (5,523     718,456       (1,514,665
From capital transactions (note 4):            
Net premiums     —        —        —        —        100       700  
Transfers for contract benefits and terminations     —        —        (1,350     (5,124     (487,609     (696,919
Administrative expenses     (38     (40     (281     (294     (80,079     (86,714
Transfers between subaccounts (including fixed account), net     (204     (121     (463     (2,015     (10,167     (600,504
Increase (decrease) in net assets from capital transactions     (242     (161     (2,094     (7,433     (577,755     (1,383,437
Increase (decrease) in net assets     19,283       (35,813     8,016       (12,956     140,701       (2,898,102
Net assets at beginning of year     103,778       139,591       54,364       67,320       6,060,044       8,958,146  
Net assets at end of year     $123,061       $103,778       $62,380       $54,364       $6,200,745       $6,060,044  
Change in units (note 5):            
Units purchased     —        —        73       54       6,476       18,313  
Units redeemed     (11     (9     (149     (302     (47,539     (116,055
Net increase (decrease) in units from capital transactions with contract owners     (11     (9     (76     (248     (41,063     (97,742

 

See accompanying notes to financial statements.

 

F-46


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Franklin Templeton Variable Insurance Products Trust (continued)

 

Franklin

Income

VIP Fund —

Class 2 Shares

   

Franklin

Large Cap

Growth

VIP Fund —

Class 2 Shares

   

Franklin

Mutual Shares

VIP Fund —

Class 2 Shares

   

Templeton

Foreign

VIP Fund —

Class 1 Shares

   

Templeton

Foreign

VIP Fund —

Class 2 Shares

 
Year ended
December 31,
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
 
                 
                 
  $736,201       $776,706       $(4,166     $(5,820     $7,677       $(109,241     $—        $—        $3,288       $4,084  
  (241,829     248,197       (36,772     (8,164     (112,189     (1,137,380     —        —        (697     (14,403
  (515,225     (3,691,629     119,535       (232,000     208,565       (813,056     —        —        31,454       (18,056
  1,442,179       531,195       8,804       77,589       294,456       420,643       —        —        —        —   
  1,421,326       (2,135,531     87,401       (168,395     398,509       (1,639,034     —        —        34,045       (28,375
                 
  300       331                   3,798       3,752       —        —        —        —   
  (2,779,338     (2,856,296     (78,804     (19,889     (347,990     (1,126,674     —        —        (5,117     (8,486
  (205,954     (228,619     (170     (176     (38,755     (136,029     —        —        (157     (154
  181,941       (2,653,717     (144,216     94,290       56,531       (12,430,346     —        —        (2,596     (69,571
  (2,803,051     (5,738,301     (223,190     74,225       (326,416     (13,689,297     —        —        (7,870     (78,211
  (1,381,725     (7,873,832     (135,789     (94,170     72,093       (15,328,331     —        —        26,175       (106,586
  23,914,440       31,788,272       331,470       425,640       3,463,890       18,792,221       —        —        184,195       290,781  
  $22,532,715       $23,914,440       $195,681       $331,470       $3,535,983       $3,463,890       $—        $—        $210,370       $184,195  
                 
  61,299       55,483       427       4,546       29,370       56,696       —        —        28       1,182  
  (226,298     (392,268     (7,925     (1,731     (48,469     (974,013     —        —        (425     (8,819

 

(164,999

    (336,785     (7,498     2,815       (19,099     (917,317     —        —        (397     (7,637

 

See accompanying notes to financial statements.

 

F-47


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Franklin Templeton Variable Insurance
Products Trust (continued)
    Goldman Sachs Variable
Insurance Trust
 
    Templeton
Global Bond
VIP Fund —
Class 1 Shares
    Templeton
Growth
VIP Fund —
Class 2 Shares
    Goldman Sachs
Government Money
Market Fund —
Service Shares
 
     Year ended
December 31,
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)     $(419     $(492     $7,528       $(7,650     $192,018       $(4,537
Net realized gain (loss) on investments     (780     (1,384     (1,225     (31,302     —        —   
Change in unrealized appreciation (depreciation) on investments     1,832       (512     69,065       (47,687     —        —   
Capital gain distributions     —        —        —        —        —        —   
Increase (decrease) in net assets from operations     633       (2,388     75,368       (86,639     192,018       (4,537
From capital transactions (note 4):            
Net premiums     —        —        100       700       156,667       10,725  
Transfers for contract benefits and terminations     (3,430     (6,206     (7,892     (40,432     (5,154,792     (6,409,225
Administrative expenses     (4     (8     (3,324     (3,496     (25,626     (26,160
Transfers between subaccounts (including fixed account), net     (121     (55     (12,155     (185,778     2,562,848       8,860,803  
Increase (decrease) in net assets from capital transactions     (3,555     (6,269     (23,271     (229,006     (2,460,903     2,436,143  
Increase (decrease) in net assets     (2,922     (8,657     52,097       (315,645     (2,268,885     2,431,606  
Net assets at beginning of year     33,559       42,216       406,100       721,745       8,031,159       5,599,553  
Net assets at end of year     $30,637       $33,559       $458,197       $406,100       $5,762,274       $8,031,159  
Change in units (note 5):            
Units purchased     —        6       644       2,985       504,052       1,318,811  
Units redeemed     (228     (405     (2,589     (23,350     (772,963     (1,046,286
Net increase (decrease) in units from capital transactions with contract owners     (228     (399     (1,945     (20,365     (268,911     272,525  

 

See accompanying notes to financial statements.

 

F-48


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Goldman Sachs Variable Insurance Trust (continued)

    Janus Aspen Series  

Goldman Sachs

Large Cap

Value Fund —

Institutional Shares

   

Goldman Sachs

Mid Cap

Value Fund —

Institutional Shares

   

Janus

Henderson

Balanced Portfolio —

Institutional Shares

   

Janus

Henderson

Balanced Portfolio —

Service Shares

   

Janus

Henderson

Enterprise Portfolio —

Institutional Shares

 
Year ended
December 31,
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
 
                 
                 
  $617       $(53     $(1,197     $(2,628     $3,922       $(253     $(1,046     $(56,625     $(8,503     $(7,287
  (717     (193     (71     7,768       39,370       44,618       278,526       579,492       8,773       21,084  
  3,211       (27,219     19,962       (92,346     33,565       (199,387     577,783       (2,514,650     56,870       (270,474
  14,030       14,854       6,500       41,518       —        18,853       —        224,330       46,841       114,456  
  17,141       (12,611     25,194       (45,688     76,857       (136,169     855,263       (1,767,453     103,981       (142,221
                 
  —        —        300       331       —        —        2,000       1,000       —        —   
  (2,296     —        (24,486     (68,365     (115,592     (32,759     (647,322     (1,281,551     (38,021     (40,594
  (9     (9     (166     (160     (570     (579     (78,115     (84,108     (422     (441
  1       (1     426       (797     (160     (67,817     (114,036     (56,925     15       (322
  (2,304     (10     (23,926     (68,991     (116,322     (101,155     (837,473     (1,421,584     (38,428     (41,357
  14,837       (12,621     1,268       (114,679     (39,465     (237,324     17,790       (3,189,037     65,553       (183,578
  151,691       164,312       270,891       385,570       590,447       827,771       6,970,819       10,159,856       651,321       834,899  
  $166,528       $151,691       $272,159       $270,891       $550,982       $590,447       $6,988,609       $6,970,819       $716,874       $651,321  
                 
  —        —        42       22       —        421       6,947       26,627       —        929  
  (92     —        (561     (1,170     (2,475     (2,561     (40,754     (83,882     (610     (1,626

 

(92

    —        (519     (1,148     (2,475     (2,140     (33,807     (57,255     (610     (697

 

See accompanying notes to financial statements.

 

F-49


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Janus Aspen Series (continued)  
   

Janus

Henderson

Enterprise Portfolio —
Service Shares

   

Janus

Henderson

Flexible

Bond Portfolio —
Institutional Shares

   

Janus

Henderson

Forty Portfolio —

Institutional Shares

 
     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)     $ (1,299     $(1,121     $ (5     $ 47       $(10,480     $(11,655
Net realized gain (loss) on investments     190       269       (577     (28     37,514       (1,844
Change in unrealized appreciation (depreciation) on investments     7,993       (33,940     682       (720     244,406       (579,222
Capital gain distributions     7,052       16,112       —        65       —        146,589  
Increase (decrease) in net assets from operations     13,936       (18,680     100       (636     271,440       (446,132
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (608     —        (3,347     (191     (259,466     (39,702
Administrative expenses     (3     (3     (4     (11     (390     (370
Transfers between subaccounts (including fixed account), net     1,420       (1,643     (47     (1     (1,408     (25,459
Increase (decrease) in net assets from capital transactions     809       (1,646     (3,398     (203     (261,264     (65,531
Increase (decrease) in net assets     14,745       (20,326     (3,298     (839     10,176       (511,663
Net assets at beginning of year     87,166       107,492       3,519       4,358       789,544       1,301,207  
Net assets at end of year     $101,911       $87,166       $ 221       $3,519       $799,720       $ 789,544  
Change in units (note 5):            
Units purchased     29       2       32       —        —        532  
Units redeemed     (10     (41     (195     (9     (3,443     (1,564
Net increase (decrease) in units from capital transactions with contract owners     19       (39     (163     (9     (3,443     (1,032

 

See accompanying notes to financial statements.

 

F-50


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Janus Aspen Series (continued)  

Janus

Henderson

Forty Portfolio —

Service Shares

   

Janus

Henderson
Global Research
Portfolio —

Institutional Shares

   

Janus

Henderson
Global Research
Portfolio —
Service Shares

   

Janus

Henderson
Global Technology
and Innovation

Portfolio —
Service Shares

   

Janus
Henderson

Overseas
Portfolio —
Institutional Shares

 

Year ended

December 31,
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

 
                 
                 
  $ (56,243     $ (34,507     $ (1,130     $ 483       $ (854     $ (138     $—        $ (155     $ (19     $ 402  
  95,384       (6,662     14,485       4,917       5,436       7,842       —        1,397       1,456       (46
  1,087,794       (828,129     28,104       (85,100     16,626       (63,154     —        (9,585     7,496       (13,523
  —        201,572       6,277       23,960       3,103       16,398       —        2,123       —        —   
  1,126,935       (667,726     47,736       (55,740     24,311       (39,052     —        (6,220     8,933       (13,167
                 
  3,898       585       —        —        —        —        —        —        —        —   
  (416,929     (206,041     (52,707     (12,753     (8,679     (37,253     —        (9,819     (40,302     (6,664
  (48,046     (24,870     (135     (130     (7     (11     —        —        (75     (74
  189,839       2,614,870       (64     198       (4,335     3,576       —        —        (172     75  
  (271,238     2,384,544       (52,906     (12,685     (13,021     (33,688     —        (9,819     (40,549     (6,663
  855,697       1,716,818       (5,170     (68,425     11,290       (72,740     —        (16,039     (31,616     (19,830
  3,272,228       1,555,410       204,636       273,061       104,719       177,459       —        16,039       113,964       133,794  
  $4,127,925       $3,272,228       $199,466       $204,636       $116,009       $104,719       $—        $ —        $82,348       $113,964  
                 
  24,802       99,822       —        6       405       171       —        —        —        1  
  (33,693     (15,333     (2,034     (563     (1,031     (1,974     —        (215     (1,358     (233

 

(8,891

    84,489       (2,034     (557     (626     (1,803     —        (215     (1,358     (232

 

See accompanying notes to financial statements.

 

F-51


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Janus Aspen Series (continued)  
   

Janus
Henderson

Overseas

Portfolio —

Service Shares

   

Janus

Henderson

Research

Portfolio —

Institutional Shares

   

Janus

Henderson

Research Portfolio —
Service Shares

 
     Year ended
December 31,
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)     $ (112     $ 93       $ (5,306     $ (3,000     $(124     $ (290
Net realized gain (loss) on investments     1,954       432       6,554       1,588       169       5,485  
Change in unrealized appreciation (depreciation) on investments     4,971       (9,614     142,179       (245,302     2,883       (23,896
Capital gain distributions     —        —        —        74,454       —        6,215  
Increase (decrease) in net assets from operations     6,813       (9,089     143,427       (172,260     2,928       (12,486
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (6,427     (1,247     (37,273     (5,057     (553     (28,838
Administrative expenses     (32     (31     (228     (213     (4     (4
Transfers between subaccounts (including fixed account), net     (1     (1     (305     (14,533     679       445  
Increase (decrease) in net assets from capital transactions     (6,460     (1,279     (37,806     (19,803     122       (28,397
Increase (decrease) in net assets     353       (10,368     105,621       (192,063     3,050       (40,883
Net assets at beginning of year     77,909       88,277       366,857       558,920       6,945       47,828  
Net assets at end of year     $78,262       $77,909       $472,478       $366,857       $9,995       $ 6,945  
Change in units (note 5):            
Units purchased     —        —        —        6       26       14  
Units redeemed     (271     (52     (1,034     (633     (19     (1,102
Net increase (decrease) in units from capital transactions with contract owners     (271     (52     (1,034     (627     7       (1,088

 

See accompanying notes to financial statements.

 

F-52


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

Legg Mason Partners Variable Equity Trust     Lincoln Variable Insurance
Products Trust
 

ClearBridge

Variable

Aggressive Growth
Portfolio —

Class II

   

ClearBridge

Variable

Dividend Strategy

Portfolio —

Class I

   

ClearBridge

Variable

Dividend Strategy

Portfolio —

Class II

   

ClearBridge

Variable

Large Cap Value

Portfolio —

Class I

   

LVIP JPMorgan

Core Bond

Fund —

Standard 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
 
                 
                 
  $(1,640     $(2,107     $—        $—        $ 166       $(2,018     $ (642     $ (574     $ 19,228       $ 1,857  
  (5,136     449       —        —        2,934       18,690       614       576       (35,498     (36,735
  18,610       (69,921     —        —        (7,368     (57,203     9,938       (25,807     56,241       (170,707
  12,096       16,311       —        —        21,778       14,831       13,433       7,777       —        6,494  
  23,930       (55,268     —        —        17,510       (25,700     23,343       (18,028     39,971       (199,091
                 
              —        —        —        —        —        —        —        —   
  (16,498     (9,040     —        —        (10,869     (61,087     (34,437     (11,934     (91,192     (154,069
  (106     (110     —        —        (235     (289     (235     (234     (701     (817
  5,670       (90,180     —        —        119       (15,314     32       (179     (51,576     (11,912
  (10,934     (99,330     —        —        (10,985     (76,690     (34,640     (12,347     (143,469     (166,798
  12,996       (154,598     —        —        6,525       (102,390     (11,297     (30,375     (103,498     (365,889
  114,361       268,959       —        —        155,948       258,338       202,252       232,627       1,089,684       1,455,573  
  $127,357       $114,361       $—        $—        $162,473       $155,948       $190,955       $202,252       $ 986,186       $1,089,684  
                 
  166       —        —        —        122       171       8       1       9,128       12,608  
  (477     (2,393     —        —        (614     (3,563     (2,086     (744     (21,012     (27,209

 

(311

    (2,393     —        —        (492     (3,392     (2,078     (743     (11,884     (14,601

 

See accompanying notes to financial statements.

 

F-53


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    Lincoln Variable Insurance Products Trust (continued)  
   

LVIP JPMorgan

Mid Cap

Value Fund —

Standard Class

   

LVIP JPMorgan

Small Cap

Core Fund —

Standard Class

   

LVIP JPMorgan

U.S. Equity

Fund —

Standard Class

 
     Year ended
December 31,
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)     $10,218       $(3,693     $ (329     $(1,773     $(3,156     $(16,147
Net realized gain (loss) on investments     7,062       11,307       (1,140     533       36,389       41,020  
Change in unrealized appreciation (depreciation) on investments     (10,236     (163,378     15,346       (68,284     139,893       (488,214
Capital gain distributions     44,882       89,718       1,136       32,318       47,518       181,473  
Increase (decrease) in net assets from operations     51,926       (66,046     15,013       (37,206     220,644       (281,868
From capital transactions (note 4):            
Net premiums     —        —        —        —        —        —   
Transfers for contract benefits and terminations     (37,043     (13,805     (21,561     (2,064     (87,175     (164,482
Administrative expenses     (420     (416     (70     (61     (318     (441
Transfers between subaccounts (including fixed account), net     199,956       (86,485     5,061       5,226       (190,627     (40,637
Increase (decrease) in net assets from capital transactions     162,493       (100,706     (16,570     3,101       (278,120     (205,560
Increase (decrease) in net assets     214,419       (166,752     (1,557     (34,105     (57,476     (487,428
Net assets at beginning of year     533,294       700,046       144,852       178,957       978,165       1,465,593  
Net assets at end of year     $747,713       $533,294       $143,295       $144,852       $920,689       $ 978,165  
Change in units (note 5):            
Units purchased     12,350       359       468       176       855       5,144  
Units redeemed     (1,986     (6,061     (901     (102     (8,721     (13,373
Net increase (decrease) in units from capital transactions with contract owners     10,364       (5,702     (433     74       (7,866     (8,229

 

See accompanying notes to financial statements.

 

F-54


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

MFS® Variable Insurance Trust    

MFS® Variable

Insurance Trust II

 

MFS®

Investors Trust

Series —

Service Class Shares

   

MFS®

New Discovery

Series —

Service Class Shares

   

MFS®

Total Return

Series —

Service Class Shares

   

MFS®

Utilities

Series —

Service Class Shares

   

MFS®

Income

Portfolio —

Service Class Shares

 
Year ended
December 31,
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
 
                 
                 
  $ (2,455     $ (3,630     $ (5,240     $ (5,626     $ (1,072     $ (16,396     $ 13,671       $ 6,429       $ 491       $ 690  
  7,726       29,826       (9,809     (3,033     10,932       104,884       11,858       133,002       (5,826     (389
  17,056       (135,005     56,568       (276,798     121,215       (1,129,440     (102,116     (200,461     7,212       (9,185
  12,379       39,163       —        130,310       162,897       404,391       43,509       43,413       —        481  
  34,706       (69,646     41,519       (155,147     293,972       (636,561     (33,078     (17,617     1,877       (8,403
                 
  —        —        —        —        —        —        —        —        —        —   
  (10,953     (94,418     (15,692     (19,244     (604,732     (791,085     (55,156     (352,966     (18,511     (2,466
  (299     (338     (61     (72     (38,528     (42,251     (5,414     (5,768     (42     (45
  (16,079     (2,797     844       1,341       62,474       (199,493     34,740       (193,096     —        40  
  (27,331     (97,553     (14,909     (17,975     (580,786     (1,032,829     (25,830     (551,830     (18,553     (2,471
  7,375       (167,199     26,610       (173,122     (286,814     (1,669,390     (58,908     (569,447     (16,676     (10,874
  224,373       391,572       334,856       507,978       4,029,685       5,699,075       810,710       1,380,157       45,493       56,367  
                 
  $231,748       $224,373       $361,466       $334,856       $3,742,871       $4,029,685       $751,802       $ 810,710       $28,817       $45,493  
  47       379       41       128       7,727       5,179       4,222       2,124       1,437       18  
  (926     (3,520     (484     (497     (34,709     (62,896     (4,687     (16,875     (3,216     (239

 

(879

    (3,141     (443     (369     (26,982     (57,717     (465     (14,751     (1,779     (221

 

See accompanying notes to financial statements.

 

F-55


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

   

MFS® Variable

Insurance Trust II
(continued)

    PIMCO Variable Insurance Trust  
   

MFS®

Massachusetts

Investors Growth

Stock Portfolio —
Service
Class Shares

   

All Asset

Portfolio —
Advisor
Class Shares

   

High Yield

Portfolio —
Administrative
Class Shares

 
     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)     $(8,691     $(8,299     $ 2,745       $14,404       $ 131,622       $ 103,636  
Net realized gain (loss) on investments     2,001       1,708       (6,956     (2,536     (76,525     (60,094
Change in unrealized appreciation (depreciation) on investments     83,726       (188,076     17,591       (66,722     268,693       (399,119
Capital gain distributions     26,835       84,280       —        19,272       —        —   
Increase (decrease) in net assets from operations     103,871       (110,387     13,380       (35,582     323,790       (355,577
From capital transactions (note 4):            
Net premiums     —        —        —        —        7,786       606  
Transfers for contract benefits and terminations     (54,614     (98,683     (12,224     (7,930     (655,015     (306,315
Administrative expenses     (585     (568     (1,645     (1,656     (35,069     (25,760
Transfers between subaccounts (including fixed account), net     (26,600     215,107       (4,381     (8,832     321,663       1,227,755  
Increase (decrease) in net assets from capital transactions     (81,799     115,856       (18,250     (18,418     (360,635     896,286  
Increase (decrease) in net assets     22,072       5,469       (4,870     (54,000     (36,845     540,709  
Net assets at beginning of year     514,019       508,550       222,453       276,453       3,421,028       2,880,319  
Net assets at end of year     $536,091       $514,019       $217,583       $222,453       $3,384,183       $3,421,028  
Change in units (note 5):            
Units purchased     494       12,175       763       315       34,137       100,501  
Units redeemed     (4,164     (6,240     (1,831     (1,476     (50,443     (41,745
Net increase (decrease) in units from capital transactions with contract owners     (3,670     5,935       (1,068     (1,161     (16,306     58,756  

 

See accompanying notes to financial statements.

 

F-56


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

PIMCO Variable Insurance Trust (continued)

    Rydex Variable Trust  

International

Bond

Portfolio (U.S. Dollar
Hedged) —

Administrative

Class Shares

   

Long-Term U.S.
Government

Portfolio—

Administrative

Class Shares

   

Low Duration

Portfolio —

Administrative

Class Shares

   

Total Return

Portfolio —

Administrative

Class Shares

   

NASDAQ —

100® Fund

 
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
 
                 
                 
  $ 67       $ (64     $ 50,933       $ 26,433       $ 126,632       $ (13,176     $ 177,770       $ 104,020       $ (2,430     $ (2,658
  (62     (1,087     (844,094     (764,996     (129,413     (263,104     (414,685     (985,640     7,862       5,961  
  296       (1,569     992,163       (1,986,642     212,584       (426,859     606,733       (1,336,132     60,142       (90,593
  178       9       —        —        —        —        —        —        —        6,104  
  479       (2,711     199,002       (2,725,205     209,803       (703,139     369,818       (2,217,752     65,574       (81,186
                 
  —        —        26,282       2,228       14,018       2,383       12,684       2,615       —        —   
  (532     (14,519     (974,671     (895,802     (756,972     (865,046     (1,430,655     (1,186,631     (20,532     (27,117
  (4     (5     (111,769     (100,087     (92,637     (108,203     (118,577     (138,028     (62     (103
  274       (313     460,994       3,718,606       838,732       (2,384,657     3,188,453       (3,898,645     (231     1,921  
  (262     (14,837     (599,164     2,724,945       3,141       (3,355,523     1,651,905       (5,220,689     (20,825     (25,299
  217       (17,548     (400,162     (260     212,944       (4,058,662     2,021,723       (7,438,441     44,749       (106,485
  6,759       24,307       7,771,422       7,771,682       6,697,755       10,756,417       8,500,180       15,938,621       134,541       241,026  
  $6,976       $ 6,759       $7,371,260       $7,771,422       $6,910,699       $6,697,755       $10,521,903       $8,500,180       $179,290       $134,541  
                 
  16       13       139,842       324,469       168,843       112,961       299,064       104,032       28       59  
  (31     (929     (179,891     (146,932     (168,330     (424,935     (160,249     (484,334     (446     (635
 

(15

    (916     (40,049     177,537       513       (311,974     138,815       (380,302     (418     (576

 

See accompanying notes to financial statements.

 

F-57


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    State Street Variable Insurance Series Funds, Inc.  
    Income
V.I.S. Fund —
Class 1 Shares
    Premier
Growth
Equity
V.I.S. Fund —
Class 1 Shares
    Real Estate
Securities
V.I.S. Fund —
Class 1 Shares
 
     Year ended
December 31,
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)     $1,385       $3,225       $(7,298     $(7,441     $62,668       $16,662  
Net realized gain (loss) on investments     (7,608     (12,110     1,967       5,832       (179,368     (31,996
Change in unrealized appreciation (depreciation) on investments     15,667       (68,356     153,042       (234,697     568,561       (1,004,772
Capital gain distributions     —        4,580       10,167       49,826       —        442,516  
Increase (decrease) in net assets from operations     9,444       (72,661     157,878       (186,480     451,861       (577,590
From capital transactions (note 4):            
Net premiums     50       350       —        —        4,673       1,476  
Transfers for contract benefits and terminations     (26,733     (54,265     (85,885     (29,440     (468,955     (256,721
Administrative expenses     (2,404     (2,650     (157     (156     (57,980     (20,137
Transfers between subaccounts (including fixed account), net     14,405       (1,546     (4,023     (1,731     3,188,196       2,567,212  
Increase (decrease) in net assets from capital transactions     (14,682     (58,111     (90,065     (31,327     2,665,934       2,291,830  
Increase (decrease) in net assets     (5,238     (130,772     67,813       (217,807     3,117,795       1,714,240  
Net assets at beginning of year     336,565       467,337       397,868       615,675       3,089,495       1,375,255  
Net assets at end of year     $331,327       $336,565       $465,681       $397,868       $6,207,290       $3,089,495  
Change in units (note 5):            
Units purchased     2,062       2,315       48       108       192,634       132,691  
Units redeemed     (3,310     (6,938     (2,294     (820     (62,861     (19,565
Net increase (decrease) in units from capital transactions with contract owners     (1,248     (4,623     (2,246     (712     129,773       113,126  

 

See accompanying notes to financial statements.

 

F-58


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

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

S&P 500®

Index

V.I.S. Fund —

Class 1 Shares

   

Small-Cap

Equity

V.I.S. Fund —

Class 1 Shares

   

Total

Return

V.I.S. Fund —

Class 1 Shares

   

Total

Return

V.I.S. Fund —

Class 3 Shares

   

U.S.

Equity

V.I.S. Fund —

Class 1 Shares

 
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
 
                 
                 
  $(14,787     $(14,431     $(13,698     $(20,080     $52,366       $(50,811     $(7,991     $(624,872     $(4,473     $(8,804
  225,827       298,299       (27,812     (11,039     (123,292     (156,324     (1,044,189     (1,440,548     11,619       38,397  
  825,894       (2,445,880     65,375       (295,259     1,004,223       (1,495,371     5,118,120       (7,071,140     61,048       (270,523
  188,741       719,983       71,068       59,845       —        114,654       —        556,220       24,793       54,901  
  1,225,675       (1,442,029     94,933       (266,533     933,297       (1,587,852     4,065,940       (8,580,340     92,987       (186,029
                 
  —        —        —        —        29,372       35,090       3,000       80,845       —        —   
  (740,196     (549,924     (298,679     (344,421     (509,673     (432,082     (3,905,899     (4,151,259     (243,785     (320,009
  (5,826     (5,989     (2,744     (2,718     (2,309     (2,341     (359,919     (393,092     (362     (372
  (161,687     (103,609     1,977       (15,540     21,173       48,069       (754,052     (1,009,510     574       188  
  (907,709     (659,522     (299,446     (362,679     (461,437     (351,264     (5,016,870     (5,473,016     (243,573     (320,193
  317,966       (2,101,551     (204,513     (629,212     471,860       (1,939,116     (950,930     (14,053,356     (150,586     (506,222
  5,427,793       7,529,344       1,034,970       1,664,182       7,087,222       9,026,338       34,114,569       48,167,925       520,488       1,026,710  
  $5,745,759       $5,427,793       $830,457       $1,034,970       $7,559,082       $7,087,222       $33,163,639       $34,114,569       $369,902       $520,488  
                 
  716       8,949       940       824       6,646       19,253       49,470       181,297       71       109  
  (24,899     (28,014     (9,596     (10,478     (29,552     (36,387     (425,198     (591,759     (7,359     (9,888

 

(24,183

    (19,065     (8,656     (9,654     (22,906     (17,134     (375,728     (410,462     (7,288     (9,779

 

See accompanying notes to financial statements.

 

F-59


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

    The Alger Portfolios     The Prudential
Series Fund
 
    Alger
Large Cap
Growth Portfolio —
Class I-2 Shares
    Alger
Small Cap
Growth Portfolio —
Class I-2  Shares
    PSF Natural
Resources
Portfolio —
Class II Shares
 
     Year ended
December 31,
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)     $(3,251     $(3,480     $(1,030     $(1,178     $(22,348     $(6,761
Net realized gain (loss) on investments     (718     1,850       (2,293     (1,886     24,634       69,819  
Change in unrealized appreciation (depreciation) on investments     64,881       (151,488     13,642       (56,153     (31,910     20,069  
Capital gain distributions     —        11,094       —        12,978       —        —   
Increase (decrease) in net assets from operations     60,912       (142,024     10,319       (46,239     (29,624     83,127  
From capital transactions (note 4):            
Net premiums     —        —        —        —        775       1,101  
Transfers for contract benefits and terminations     (1,007     (2,419     (2,519     (7,345     (162,815     (21,037
Administrative expenses     (47     (53     (75     (76     (18,313     (4,097
Transfers between subaccounts (including fixed account), net     1       (57,349     (44     339       2,469,798       (142,396
Increase (decrease) in net assets from capital transactions     (1,053     (59,821     (2,638     (7,082     2,289,445       (166,429
Increase (decrease) in net assets     59,859       (201,845     7,681       (53,321     2,259,821       (83,302
Net assets at beginning of year     197,850       399,695       70,309       123,630       376,544       459,846  
Net assets at end of year     $257,709       $197,850       $77,990       $70,309       $2,636,365       $376,544  
Change in units (note 5):            
Units purchased     —        25       —        3       294,931       4,566  
Units redeemed     (28     (1,458     (92     (202     (41,506     (22,156
Net increase (decrease) in units from capital transactions with contract owners     (28     (1,433     (92     (199     253,425       (17,590

 

See accompanying notes to financial statements.

 

F-60


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Statements of Changes in Net Assets — Continued

 

The Prudential Series Fund (continued)

 

PSF PGIM

Jennison Blend

Portfolio —

Class II Shares

   

PSF PGIM

Jennison Focused

Blend Portfolio —

Class II Shares

   

PSF PGIM

Jennison

Growth Portfolio —

Class II Shares

 

Period from

December 08 to

December 31,

2023

   

Period from

January 1 to

December 08,

2023

    Year ended
December 31,
2022
    Year ended
December 31,
2023
    Year ended
December 31,
2022
 
       
       
  $(179     $(2,684     $(3,005     $(6,824     $(6,421
  765       144,622       9,116       5,751       4,804  
  6,984       (100,084     (72,495     170,534       (213,272
  —        —        —        —        —   
  7,570       41,854       (66,384     169,461       (214,889
       
  —        —        —        —        —   
  (30     (5,511     (7,120     (2,034     (1,730
  (110     (932     (1,016     (853     (710
  201,484       (219,420     10,999       (1     1  
  201,344       (225,863     2,863       (2,888     (2,439
  208,914       (184,009     (63,521     166,573       (217,328
  —        184,009       247,530       336,684       554,012  
  $208,914       $—        $184,009       $503,257       $336,684  
       
  36,385       85       534       —        —   
  (16,252     (5,009     (435     (46     (45

 

20,133

 

    (4,924     99       (46     (45

 

See accompanying notes to financial statements.

 

F-61


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements

December 31, 2023

 

(1)

Description of Entity

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

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

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

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

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

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

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

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

 

F-62


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2023

 

During the years ended December 31, 2023 and 2022, the following Portfolio names were changed:

 

Prior Portfolio Name

  

Current Portfolio Name

   Effective Date  

AB Variable Products Series Fund, Inc. — AB VP Growth and Income Portfolio — Class B

  

AB Variable Products Series Fund, Inc. — AB VPS Relative Value Portfolio — Class B

     April 28, 2023  

Allspring Variable Trust — Allspring VT Omega Growth Fund — Class 2

  

Allspring Variable Trust — Allspring VT Discovery All Cap Growth Fund — Class 2

     April 28, 2023  

JPMorgan Insurance Trust — JPMorgan Insurance Trust Core Bond Portfolio — Class 1

  

Lincoln Variable Insurance Products Trust — LVIP JPMorgan Core Bond Fund — Standard Class

     April 28, 2023  

JPMorgan Insurance Trust — JPMorgan Insurance Trust Mid Cap Value Portfolio — Class 1

  

Lincoln Variable Insurance Products Trust — LVIP JPMorgan Mid Cap Value Fund — Standard Class

     April 28, 2023  

JPMorgan Insurance Trust — JPMorgan Insurance Trust Small Cap Core Portfolio — Class 1

  

Lincoln Variable Insurance Products Trust — LVIP JPMorgan Small Cap Core Fund — Standard Class

     April 28, 2023  

JPMorgan Insurance Trust — JPMorgan Insurance Trust U.S. Equity Portfolio — Class 1

  

Lincoln Variable Insurance Products Trust — LVIP JPMorgan U.S. Equity Fund — Standard Class

     April 28, 2023  

AB Variable Products Series Fund, Inc. — AB Balanced Wealth Strategy Portfolio — Class B

  

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

     April 29, 2022  

AB Variable Products Series Fund, Inc. — AB Global Thematic Growth Portfolio — Class B

  

AB Variable Products Series Fund, Inc. — AB VPS Sustainable Global Thematic Portfolio — Class B

     April 29, 2022  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. International Growth Fund — Series II shares

  

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

     April 29, 2022  

Columbia Funds Variable Series Trust II — CTIVP® — Loomis Sayles Growth Fund — Class 1

  

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

     April 29, 2022  

During the years ended December 31, 2023 and 2022, the following Portfolios were liquidated, and the Portfolio assets were reinvested in new Portfolio(s):

 

Liquidated Portfolio

  

Reinvested Portfolio

   Inception Date  

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

  

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

     December 8, 2023  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Core Bond Fund — Series I shares

  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Core Plus Bond Fund — Series I shares

     April 29, 2022  

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2023

 

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, 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.

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2023

 

(d) Federal Income Taxes

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

(e) Payments During Annuitization

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

(f) 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 or lesser period ended December 31, 2023 were:

 

Fund/Portfolio

   Cost of
Shares
Acquired
     Proceeds
from
Shares Sold
 

AB Variable Products Series Fund, Inc.

     

AB VPS Balanced Hedged Allocation Portfolio — Class B

   $ 241,415      $ 347,093  

AB VPS International Value Portfolio — Class B

     2,581,348        274,419  

AB VPS Large Cap Growth Portfolio — Class B

     80,659        78,704  

AB VPS Relative Value Portfolio — Class B

     387,055        489,171  

AB VPS Small Cap Growth Portfolio — Class B

     35,797        118,974  

AB VPS Sustainable Global Thematic Portfolio — Class B

     4,782        15,841  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

     

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

     87,006        87,935  

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

     9,999        21,823  

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

     153,730        33,706  

Invesco V.I. Capital Appreciation Fund — Series I shares

     38        4,876  

Invesco V.I. Capital Appreciation Fund — Series II shares

     131,667        184,239  

Invesco V.I. Comstock Fund — Series II shares

     3,753,545        429,905  

Invesco V.I. Conservative Balanced Fund — Series I shares

     1,833        57,726  

Invesco V.I. Conservative Balanced Fund — Series II shares

     83,996        332,672  

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

     324,875        12,835,457  

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

     130,860        11,260  

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

     —         9,034  

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2023

 

Fund/Portfolio

   Cost of

Shares
Acquired
     Proceeds
from
Shares Sold
 

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

   $ 83      $ 2,158  

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

     28,982        96,617  

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

     100,624        97,699  

Invesco V.I. Global Fund — Series II shares

     477,243        759,504  

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

     52        95  

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

     —         1,196  

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

     397,698        13,209,267  

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

     82,480        224,647  

Allspring Variable Trust

     

Allspring VT Discovery All Cap Growth Fund — Class 2

     55,850        34,448  

American Century Variable Portfolios II, Inc.

     

VP Inflation Protection Fund — Class II

     581,048        646,723  

American Century Variable Portfolios, Inc.

     

VP Disciplined Core Value Fund — Class I

     30,410        284,236  

VP International Fund — Class I

     90,569        35,174  

VP Ultra® Fund — Class I

     32,944        25,336  

VP Value Fund — Class I

     140,925        109,330  

BNY Mellon

     

BNY Mellon Investment Portfolios — MidCap Stock Portfolio — Initial Shares

     903        286  

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

     859,860        71,303  

BNY Mellon Variable Investment Fund — Government Money Market Portfolio

     28,514        31,527  

BlackRock Variable Series Funds, Inc.

     

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

     6,253        33,868  

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

     482,346        676,915  

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

     1,289,708        4,936,330  

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

     2,571        6,153  

Columbia Funds Variable Series Trust II

     

CTIVP® — Principal Blue Chip Growth Fund — Class 1

     5,386,158        3,415,549  

Columbia Variable Portfolio — Overseas Core Fund — Class 2

     371,308        743,571  

Deutsche DWS Variable Series I

     

DWS Capital Growth VIP — Class B Shares

     77,616        73,492  

Deutsche DWS Variable Series II

     

DWS CROCI® U.S. VIP — Class B Shares

     2,892        6,922  

DWS Small Mid Cap Value VIP — Class B Shares

     3,837        1,707  

Eaton Vance Variable Trust

     

VT Floating-Rate Income Fund

     670,269        836,144  

Federated Hermes Insurance Series

     

Federated Hermes High Income Bond Fund II — Primary Shares

     13        24  

Federated Hermes High Income Bond Fund II — Service Shares

     44,882        68,875  

Federated Hermes Kaufmann Fund II — Service Shares

     176,394        2,790,908  

Federated Hermes Managed Volatility Fund II — Primary Shares

     1,156        9,235  

Fidelity® Variable Insurance Products Fund

     

VIP Asset ManagerSM Portfolio — Initial Class

     3,580        5,399  

VIP Asset ManagerSM Portfolio — Service Class 2

     1,504        3,181  

VIP Balanced Portfolio — Service Class 2

     349,090        890,074  

VIP Contrafund® Portfolio — Initial Class

     26,374        64,042  

VIP Contrafund® Portfolio — Service Class 2

     10,666,674        3,545,431  

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2023

 

Fund/Portfolio

   Cost of
Shares
Acquired
     Proceeds
from
Shares Sold
 

VIP Dynamic Capital Appreciation Portfolio — Service Class 2

   $ 1,605      $ 1,165  

VIP Equity-Income PortfolioSM — Initial Class

     12,271        10,464  

VIP Equity-Income PortfolioSM — Service Class 2

     456,677        3,329,516  

VIP Growth & Income Portfolio — Initial Class

     12,867        57,700  

VIP Growth & Income Portfolio — Service Class 2

     41,456        88,998  

VIP Growth Opportunities Portfolio — Initial Class

     —         46,047  

VIP Growth Opportunities Portfolio — Service Class 2

     12,564        69,374  

VIP Growth Portfolio — Initial Class

     21,108        129,731  

VIP Growth Portfolio — Service Class 2

     43,017        61,726  

VIP Investment Grade Bond Portfolio — Service Class 2

     748,313        3,705,282  

VIP Mid Cap Portfolio — Service Class 2

     236,859        457,402  

VIP Overseas Portfolio — Initial Class

     1,516        1,838  

VIP Value Strategies Portfolio — Service Class 2

     4,346        4,550  

Franklin Templeton Variable Insurance Products Trust

     

Franklin Allocation VIP Fund — Class 2 Shares

     282,508        791,907  

Franklin Income VIP Fund — Class 2 Shares

     3,599,012        4,240,367  

Franklin Large Cap Growth VIP Fund — Class 2 Shares

     22,437        240,947  

Franklin Mutual Shares VIP Fund — Class 2 Shares

     802,898        826,177  

Templeton Foreign VIP Fund — Class 1 Shares

     —         —   

Templeton Foreign VIP Fund — Class 2 Shares

     6,968        11,548  

Templeton Global Bond VIP Fund — Class 1 Shares

     1        3,975  

Templeton Growth VIP Fund — Class 2 Shares

     21,875        37,618  

Goldman Sachs Variable Insurance Trust

     

Goldman Sachs Government Money Market Fund — Service Shares

     4,750,544        6,952,446  

Goldman Sachs Large Cap Value Fund — Institutional Shares

     16,808        4,466  

Goldman Sachs Mid Cap Value Fund — Institutional Shares

     10,409        29,032  

Janus Aspen Series

     

Janus Henderson Balanced Portfolio — Institutional Shares

     12,194        125,391  

Janus Henderson Balanced Portfolio — Service Shares

     285,347        1,123,848  

Janus Henderson Enterprise Portfolio — Institutional Shares

     47,928        48,015  

Janus Henderson Enterprise Portfolio — Service Shares

     8,558        1,997  

Janus Henderson Flexible Bond Portfolio — Institutional Shares

     666        4,069  

Janus Henderson Forty Portfolio — Institutional Shares

     1,377        273,122  

Janus Henderson Forty Portfolio — Service Shares

     842,573        1,166,243  

Janus Henderson Global Research Portfolio — Institutional Shares

     8,195        56,437  

Janus Henderson Global Research Portfolio — Service Shares

     11,614        22,389  

Janus Henderson Global Technology and Innovation Portfolio — Service Shares

     —         —   

Janus Henderson Overseas Portfolio — Institutional Shares

     1,540        42,109  

Janus Henderson Overseas Portfolio — Service Shares

     1,138        7,708  

Janus Henderson Research Portfolio — Institutional Shares

     587        43,695  

Janus Henderson Research Portfolio — Service Shares

     684        686  

Legg Mason Partners Variable Equity Trust

     

ClearBridge Variable Aggressive Growth Portfolio — Class II

     17,841        18,319  

ClearBridge Variable Dividend Strategy Portfolio — Class I

     —         —   

ClearBridge Variable Dividend Strategy Portfolio — Class II

     26,549        15,591  

ClearBridge Variable Large Cap Value Portfolio — Class I

     15,866        37,716  

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2023

 

Fund/Portfolio

   Cost of
Shares
Acquired
     Proceeds
from
Shares Sold
 

Lincoln Variable Insurance Products Trust

     

LVIP JPMorgan Core Bond Fund — Standard Class

   $ 149,596      $ 273,901  

LVIP JPMorgan Mid Cap Value Fund — Standard Class

     277,955        60,240  

LVIP JPMorgan Small Cap Core Fund — Standard Class

     21,112        36,877  

LVIP JPMorgan U.S. Equity Fund — Standard Class

     91,266        324,525  

MFS® Variable Insurance Trust

     

MFS® Investors Trust Series — Service Class Shares

     14,893        32,362  

MFS® New Discovery Series — Service Class Shares

     1,310        21,459  

MFS® Total Return Series — Service Class Shares

     357,719        776,608  

MFS® Utilities Series — Service Class Shares

     149,600        135,529  

MFS® Variable Insurance Trust II

     

MFS® Income Portfolio — Service Class Shares

     16,434        34,499  

MFS® Massachusetts Investors Growth Stock Portfolio — Service Class Shares

     37,463        101,066  

PIMCO Variable Insurance Trust

     

All Asset Portfolio — Advisor Class Shares

     17,747        33,368  

High Yield Portfolio — Administrative Class Shares

     765,508        992,476  

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

     625        643  

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

     2,063,291        2,595,907  

Low Duration Portfolio — Administrative Class Shares

     2,021,698        1,904,466  

Total Return Portfolio — Administrative Class Shares

     4,178,404        2,358,484  

Rydex Variable Trust

     

NASDAQ — 100® Fund

     1,548        24,803  

State Street Variable Insurance Series Funds, Inc.

     

Income V.I.S. Fund — Class 1 Shares

     28,590        42,528  

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

     11,897        99,092  

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

     4,079,744        1,341,710  

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

     285,551        1,019,963  

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

     98,311        340,986  

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

     299,052        707,690  

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

     1,329,853        6,360,182  

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

     28,676        251,913  

The Alger Portfolios

     

Alger Large Cap Growth Portfolio — Class I-2 Shares

     —         4,678  

Alger Small Cap Growth Portfolio — Class I-2 Shares

     1        3,669  

The Prudential Series Fund

     

PSF Natural Resources Portfolio — Class II Shares

     2,666,547        400,057  

PSF PGIM Jennison Blend Portfolio — Class II Shares

     364,547        163,373  

PSF PGIM Jennison Focused Blend Portfolio — Class II Shares

     2,825        231,240  

PSF PGIM Jennison Growth Portfolio — Class II Shares

     —         9,707  

 

(4)

Related Party Transactions

(a) GLICNY

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

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2023

 

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

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

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

 

Mortality and Expense Risk Charge (including benefit rider options)

 

   1.00% — 2.80% of the daily value of the assets invested in each Portfolio (fund).
This charge is assessed through a reduction in unit values.   

Administrative Charge

 

This charge is assessed through a reduction in unit values.

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

Annual Administrative Charge

 

   $0 — $30 per contract year invested in each fund.
This charge is assessed through a redemption in units.   

Surrender Charge

This charge is assessed through a redemption in units.

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

(b) Accrued Expenses Payable to Affiliate

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

(c) Bonus Credit

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

(d) Capital Brokerage Corporation

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

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

Notes to Financial Statements — Continued

December 31, 2023

 

(5)

Capital Transactions

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

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

 

(6)

Financial Highlights

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

Financial highlights are only disclosed for Portfolios that were available to contract owners as of December 31, 2023. Portfolios liquidated in the current year (see note 1) are not included.

 

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

AB Variable Products Series Fund, Inc.

           

AB VPS Balanced Hedged Allocation Portfolio — Class B

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       193,750       16.34 to 11.03       2,956       2.15%       7.67% to    6.30%  

2019

    1.45% to 2.70%       211,736       15.18 to 10.38       3,016       2.23%       16.49% to    7.91%  

AB VPS International Value Portfolio — Class B

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       400,356       6.62 to 10.50       2,866       1.32%       1.03% to  (0.80)%  

2019

    1.15% to 2.95%       575,681       6.55 to 10.59       4,081       0.77%       15.45% to   12.54%  

AB VPS Large Cap Growth Portfolio — Class B

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       35,865       35.41 to 14.25       1,318       0.00%       33.19% to   31.50%  

2019

    1.45% to 1.85%       41,260       26.58 to 31.26       1,160       0.00%       32.42% to   31.88%  

 

F-70


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

AB VPS Relative Value Portfolio — Class B

           

2023

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

2022

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

2021

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

2020

    1.40% to 2.70%       130,968       32.43 to 10.59       3,132       1.28%       1.04% to  (0.29)%  

2019

    1.40% to 2.70%       131,887       32.10 to 10.62       3,150       1.03%       21.88% to   13.24%  

AB VPS Small Cap Growth Portfolio — Class B

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       77,390       43.29 to 15.29       3,271       0.00%       51.87% to   49.11%  

2019

    1.45% to 1.80%       23,562       36.90 to 37.41       780       0.00%       34.04% to   33.56%  

AB VPS Sustainable Global Thematic Portfolio — Class B

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.70%       3,930       34.98 to 18.88       131       0.45%       37.07% to   36.72%  

2019

    1.45% to 1.80%       5,737       25.52 to 24.05       139       0.16%       27.90% to   27.45%  

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

           

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.70%       12,219       33.22 to 32.76       402       0.07%       40.29% to   39.94%  

2019

    1.45% to 1.80%       13,615       23.68 to 22.96       319       0.00%       34.77% to   34.29%  

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.80%       10,984       37.55 to 35.14       404       0.00%       39.94% to   39.44%  

2019

    1.45% to 1.80%       11,287       26.83 to 25.20       297       0.00%       34.45% to   33.97%  

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

           

2023

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

2022

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

2021 (4)

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

 

F-71


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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 V.I. Capital Appreciation Fund — Series I shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       4,978       41.24 to 41.24       205       0.00%       34.67% to   34.67%  

2019

    1.40% to 1.40%       5,407       30.62 to 30.62       166       0.06%       34.29% to   34.29%  

Invesco V.I. Capital Appreciation Fund — Series II shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.80%       25,883       43.30 to 40.58       1,021       0.00%       34.27% to   33.79%  

2019

    1.45% to 1.80%       35,524       32.25 to 30.33       1,035       0.00%       33.88% to   33.40%  

Invesco V.I. Comstock Fund — Series II shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.25%       61,105       25.74 to 16.24       1,401       2.16%       (2.52)% to  (3.31)%  

2019

    1.45% to 2.25%       66,792       26.41 to 16.80       1,565       1.63%       23.13% to   22.13%  

Invesco V.I. Conservative Balanced Fund — Series I shares

           

2023

    1.40% to 1.40%       2,757       20.77 to 20.77       57       1.87%       11.03% to   11.03%  

2022

    1.40% to 1.40%       5,548       18.70 to 18.70       104       1.39%       (18.02)% to (18.02)%  

2021

    1.40% to 1.40%       5,916       22.81 to 22.81       135       1.57%       9.09% to    9.09%  

2020

    1.40% to 1.40%       6,651       20.91 to 20.91       139       2.10%       13.25% to   13.25%  

2019

    1.40% to 1.40%       6,944       18.47 to 18.47       128       2.24%       15.87% to   15.87%  

Invesco V.I. Conservative Balanced Fund — Series II shares

           

2023

    1.45% to 2.95%       158,355       15.68 to 10.76       1,839       1.69%       10.68% to    9.00%  

2022

    1.45% to 2.95%       178,206       14.17 to  9.87       1,898       1.11%       (18.22)% to (19.46)%  

2021

    1.45% to 2.95%       197,102       17.33 to 12.26       2,606       1.26%       8.70% to    7.05%  

2020

    1.45% to 2.95%       213,444       15.94 to 11.45       2,621       1.78%       12.93% to   11.21%  

2019

    1.45% to 2.85%       252,367       14.11 to 10.30       2,795       1.83%       15.52% to    6.36%  

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.70%       18,569       23.27 to 18.95       408       0.20%       12.20% to   11.92%  

2019

    1.15% to 2.95%       866,873       18.11 to 10.68       15,091       0.93%       27.48% to   14.44%  

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

           

2023

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

2022 (5)

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

 

F-72


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       4,643       40.77 to 40.77       189       0.04%       38.72% to   38.72%  

2019

    1.40% to 1.40%       5,080       29.39 to 29.39       149       0.00%       37.42% to   37.42%  

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.30%       3,863       49.74 to 26.75       166       0.00%       38.21% to   37.02%  

2019

    1.45% to 2.30%       4,428       35.99 to 19.52       134       0.00%       36.99% to   35.81%  

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

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.25%       49,433       14.02 to 13.97       858       1.01%       12.43% to   11.18%  

2019

    1.15% to 2.95%       394,250       12.47 to 10.54       5,202       1.20%       26.76% to   11.56%  

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.95%       65,843       18.93 to 11.08       1,119       2.18%       8.06% to    6.42%  

2019

    1.45% to 2.95%       73,152       17.52 to 10.41       1,169       2.21%       18.27% to    8.72%  

Invesco V.I. Global Fund — Series II shares

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       658,069       23.53 to 13.12       15,805       0.57%       25.87% to   23.58%  

2019

    1.15% to 2.95%       325,565       18.70 to 10.62       6,856       0.64%       29.94% to   13.11%  

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       15,440       16.63 to  8.72       172       4.76%       (13.83)% to (14.93)%  

2019

    1.45% to 2.70%       14,296       19.30 to 10.25       194       3.43%       20.87% to    5.20%  

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

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       835       11.29 to 11.29       9       5.70%       1.95% to    1.95%  

2019

    1.40% to 1.40%       833       11.08 to 11.08       9       4.18%       9.25% to    9.25%  

 

F-73


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.80%       85,811       27.88 to 27.80       2,330       0.34%       12.05% to   11.65%  

2019

    1.15% to 2.95%       897,072       20.96 to 10.58       18,356       0.81%       30.22% to   12.36%  

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

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       148,053       26.53 to 12.52       4,446       0.37%       18.26% to   16.11%  

2019

    1.15% to 2.95%       167,648       22.43 to 10.78       4,284       0.00%       24.68% to   16.86%  

Allspring Variable Trust

           

Allspring VT Discovery All Cap Growth Fund — Class 2

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.65%       11,305       48.56 to 47.54       542       0.00%       41.11% to   40.82%  

2019

    1.45% to 1.65%       12,090       34.41 to 33.76       411       0.00%       35.06% to   34.78%  

American Century Variable Portfolios II, Inc.

           

VP Inflation Protection Fund — Class II

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       226,751       13.84 to 10.70       2,964       1.19%       8.29% to    6.32%  

2019

    1.15% to 2.95%       457,255       12.78 to 10.06       5,558       2.27%       7.65% to    1.34%  

American Century Variable Portfolios, Inc.

           

VP Disciplined Core Value Fund — Class I

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       30,868       35.95 to 11.56       686       1.93%       10.19% to    8.79%  

2019

    1.45% to 2.70%       16,600       32.63 to 10.62       380       2.06%       22.15% to   13.25%  

VP International Fund — Class I

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       29,693       31.59 to 13.20       530       0.47%       24.05% to   22.48%  

2019

    1.45% to 2.70%       26,575       25.46 to 10.78       409       0.86%       26.56% to   16.71%  

 

F-74


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

VP Ultra® Fund — Class I

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       13,974       57.91 to 15.85       706       0.00%       47.68% to   45.81%  

2019

    1.45% to 1.60%       10,230       39.21 to 38.19       391       0.00%       32.63% to   32.43%  

VP Value Fund — Class I

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.60%       7,565       33.55 to 32.63       250       2.32%       (0.49)% to  (0.64)%  

2019

    1.45% to 1.60%       8,450       33.72 to 32.84       281       2.11%       25.19% to   25.00%  

BNY Mellon

           

BNY Mellon Investment Portfolios — MidCap Stock Portfolio — Initial Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.60%       2,300       35.99 to 35.00       81       0.82%       6.54% to    6.38%  

2019

    1.45% to 1.60%       2,272       33.78 to 32.90       75       0.66%       18.44% to   18.26%  

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.60%       6,110       25.83 to 29.44       160       1.09%       22.34% to   22.16%  

2019

    1.45% to 1.60%       6,322       21.11 to 24.10       135       1.45%       32.41% to   32.21%  

BNY Mellon Variable Investment Fund — Government Money Market Portfolio

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.60%       31,790       9.30 to  9.04       292       0.18%       (1.24)% to  (1.39)%  

2019

    1.45% to 1.60%       33,057       9.41 to  9.17       307       1.65%       0.19% to    0.04%  

BlackRock Variable Series Funds, Inc.

           

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.70%       8,769       33.04 to 23.59       272       1.51%       17.92% to   17.62%  

2019

    1.45% to 1.70%       9,022       28.02 to 20.06       238       2.24%       26.79% to   26.46%  

 

F-75


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

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

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.30%       30,920       17.96 to 17.63       578       0.81%       1.94% to    0.76%  

2019

    1.15% to 2.95%       237,127       17.62 to 10.58       4,084       2.06%       22.11% to   12.23%  

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

           

2023

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

2022

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

2021

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

2020

    1.35% to 2.95%       2,577,394       16.78 to 12.27       43,776       1.22%       19.08% to   17.15%  

2019

    1.35% to 2.95%       2,993,544       14.09 to 10.47       43,239       1.21%       16.17% to   10.03%  

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

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.60%       3,290       46.98 to 45.81       151       0.00%       41.35% to   41.14%  

2019

    1.45% to 1.60%       3,423       33.24 to 32.46       111       0.00%       30.41% to   30.21%  

Columbia Funds Variable Series Trust II

           

CTIVP® — Principal Blue Chip Growth Fund — Class 1

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       752,693       22.56 to 13.47       16,279       0.00%       30.41% to   28.04%  

2019

    1.15% to 2.95%       278,713       17.30 to 10.52       4,693       0.00%       30.24% to   10.97%  

Columbia Variable Portfolio — Overseas Core Fund — Class 2

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.85%       78,926       13.20 to 12.95       1,037       1.44%       7.25% to    6.81%  

2019

    1.45% to 1.85%       99,274       12.31 to 12.12       1,217       1.81%       23.33% to   22.83%  

Deutsche DWS Variable Series I

           

DWS Capital Growth VIP — Class B Shares

           

2023

    1.45% to 2.70%       5,601       39.87 to 15.53       195       0.00%       36.18% to   34.46%  

2022

    1.45% to 2.70%       5,679       29.28 to 11.55       148       0.00%       (31.91)% to (32.77)%  

2021

    1.45% to 2.70%       3,368       43.00 to 17.18       127       0.00%       20.68% to   19.15%  

2020

    1.45% to 2.70%       15,069       35.63 to 14.42       470       0.04%       36.69% to   34.96%  

2019

    1.60% to 1.60%       4,016       25.73 to 25.73       103       0.16%       34.60% to   34.60%  

 

F-76


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

Deutsche DWS Variable Series II

           

DWS CROCI® U.S. VIP — Class B Shares

           

2023

    1.45% to 1.80%       9,737       17.42 to 16.65       168       1.38%       18.63% to   18.21%  

2022

    1.45% to 1.80%       9,976       14.69 to 14.09       145       1.55%       (16.89)% to (17.19)%  

2021

    1.45% to 2.70%       15,904       17.67 to 11.50       271       1.85%       24.44% to   22.86%  

2020

    1.45% to 2.70%       23,336       14.20 to  9.36       315       0.86%       (13.68)% to (14.78)%  

2019

    1.45% to 1.80%       10,626       16.45 to 15.95       174       1.57%       30.56% to   30.10%  

DWS Small Mid Cap Value VIP — Class B Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.80%       2,041       36.66 to 34.35       73       1.12%       (2.54)% to  (2.89)%  

2019

    1.45% to 1.80%       2,224       37.62 to 35.37       82       0.37%       19.24% to   18.81%  

Eaton Vance Variable Trust

           

VT Floating-Rate Income Fund

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       245,778       13.84 to  9.97       3,237       3.35%       0.82% to  (1.01)%  

2019

    1.15% to 2.95%       433,809       13.73 to 10.07       5,673       4.29%       5.85% to    1.42%  

Federated Hermes Insurance Series

           

Federated Hermes High Income Bond Fund II — Primary Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       13       25.95 to 25.95       —        5.95%       4.10% to    4.10%  

2019

    1.40% to 1.40%       14       24.93 to 24.93       —        6.50%       12.94% to   12.94%  

Federated Hermes High Income Bond Fund II — Service Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.10%       33,872       26.89 to 19.42       846       5.87%       3.93% to    3.24%  

2019

    1.45% to 2.10%       38,266       25.87 to 18.81       927       6.02%       12.47% to   11.73%  

Federated Hermes Kaufmann Fund II — Service Shares

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       106,771       28.90 to 12.86       3,455       0.00%       27.00% to   24.69%  

2019

    1.45% to 1.80%       23,616       49.09 to 46.27       972       0.00%       31.58% to   31.12%  

 

F-77


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

Federated Hermes Managed Volatility Fund II — Primary Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       2,475       18.58 to 18.58       46       2.63%       (0.48)% to  (0.48)%  

2019

    1.40% to 1.40%       3,051       18.67 to 18.67       57       2.05%       18.55% to   18.55%  

Fidelity® Variable Insurance Products Fund

           

VIP Asset ManagerSM Portfolio — Initial Class

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       4,816       24.44 to 24.44       118       1.49%       13.26% to   13.26%  

2019

    1.40% to 1.40%       4,854       21.58 to 21.58       105       1.65%       16.60% to   16.60%  

VIP Asset ManagerSM Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.85%       2,302       21.70 to 19.64       48       1.28%       12.88% to   12.42%  

2019

    1.45% to 1.85%       2,487       19.23 to 17.47       46       1.57%       16.30% to   15.83%  

VIP Balanced Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.95%       312,324       25.94 to 12.58       6,800       1.26%       20.36% to   18.53%  

2019

    1.45% to 2.95%       366,408       21.55 to 10.61       6,849       1.54%       22.32% to   13.09%  

VIP Contrafund® Portfolio — Initial Class

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       15,378       54.19 to 54.19       833       0.25%       28.74% to   28.74%  

2019

    1.40% to 1.40%       17,982       42.10 to 42.10       757       0.45%       29.74% to   29.74%  

VIP Contrafund® Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.25%       317,824       26.53 to 26.81       11,462       0.09%       28.73% to   27.31%  

2019

    1.15% to 2.95%       557,036       20.61 to 10.60       14,283       0.21%       29.77% to   12.83%  

 

F-78


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

VIP Dynamic Capital Appreciation Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.70%       1,294       49.29 to 42.70       58       0.05%       31.41% to   31.08%  

2019

    1.45% to 1.70%       1,455       37.51 to 32.58       50       0.38%       27.94% to   27.62%  

VIP Equity-Income PortfolioSM — Initial Class

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       8,357       28.67 to 28.67       240       1.78%       5.20% to    5.20%  

2019

    1.40% to 1.40%       8,761       27.25 to 27.25       239       1.99%       25.66% to   25.66%  

VIP Equity-Income PortfolioSM — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       1,065,482       18.18 to 11.06       18,844       2.07%       5.21% to    3.30%  

2019

    1.15% to 2.95%       360,184       17.28 to 10.71       6,499       1.77%       25.65% to   15.21%  

VIP Growth & Income Portfolio — Initial Class

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       9,024       29.26 to 29.26       264       2.06%       6.34% to    6.34%  

2019

    1.40% to 1.40%       9,118       27.52 to 27.52       251       3.57%       28.23% to   28.23%  

VIP Growth & Income Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.80%       29,228       26.19 to 25.70       678       1.95%       6.03% to    5.66%  

2019

    1.45% to 1.80%       33,896       24.70 to 24.33       751       3.41%       27.80% to   27.35%  

VIP Growth Opportunities Portfolio — Initial Class

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       2,832       53.61 to 53.61       152       0.01%       66.30% to   66.30%  

2019

    1.40% to 1.40%       3,268       32.23 to 32.23       105       0.16%       38.87% to   38.87%  

 

F-79


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

VIP Growth Opportunities Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       221,092       56.65 to 17.74       11,235       0.00%       66.29% to   63.27%  

2019

    1.45% to 2.35%       13,078       33.26 to 30.93       434       0.00%       38.46% to   37.20%  

VIP Growth Portfolio — Initial Class

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       12,369       46.97 to 46.97       581       0.08%       41.88% to   41.88%  

2019

    1.40% to 1.40%       12,648       33.11 to 33.11       419       0.26%       32.44% to   32.44%  

VIP Growth Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.85%       22,996       36.56 to 42.36       885       0.05%       41.47% to   40.90%  

2019

    1.45% to 1.85%       24,252       25.84 to 30.06       660       0.05%       32.03% to   31.50%  

VIP Investment Grade Bond Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       737,089       15.53 to 10.73       10,578       2.07%       7.90% to    5.94%  

2019

    1.15% to 2.95%       810,723       14.39 to 10.13       10,863       2.45%       8.15% to    2.60%  

VIP Mid Cap Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.40% to 2.70%       114,302       54.84 to 11.87       4,386       0.36%       16.22% to   14.69%  

2019

    1.15% to 2.95%       455,111       18.94 to 10.34       10,580       0.65%       21.76% to    7.14%  

VIP Overseas Portfolio — Initial Class

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       5,577       21.26 to 21.26       119       0.44%       13.99% to   13.99%  

2019

    1.40% to 1.40%       5,588       18.65 to 18.65       104       1.65%       25.98% to   25.98%  

 

F-80


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

VIP Value Strategies Portfolio — Service Class 2

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.70%       1,929       26.09 to 17.95       44       1.05%       6.45% to    6.18%  

2019

    1.45% to 1.70%       1,961       24.51 to 16.91       42       1.34%       32.15% to   31.82%  

Franklin Templeton Variable Insurance Products Trust

           

Franklin Allocation VIP Fund — Class 2 Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.95%       603,768       15.71 to 11.30       8,989       1.49%       10.12% to    8.45%  

2019

    1.45% to 2.95%       668,734       14.26 to 10.42       9,110       3.49%       18.12% to    8.92%  

Franklin Income VIP Fund — Class 2 Shares

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       2,118,364       16.30 to 10.05       32,949       5.89%       (0.47)% to  (2.28)%  

2019

    1.15% to 2.95%       2,356,154       16.38 to 10.28       37,597       5.36%       14.72% to    5.93%  

Franklin Large Cap Growth VIP Fund — Class 2 Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       14,196       47.77 to 14.55       571       0.00%       42.54% to   40.73%  

2019

    1.45% to 1.60%       8,797       33.52 to 32.65       289       0.00%       32.63% to   32.43%  

Franklin Mutual Shares VIP Fund — Class 2 Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.70%       68,500       24.90 to 14.00       1,387       2.88%       (6.42)% to  (6.66)%  

2019

    1.45% to 1.70%       73,587       26.61 to 15.00       1,638       1.84%       20.80% to   20.49%  

Templeton Foreign VIP Fund — Class 1 Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       —        14.76 to 14.76       —        0.00%       (2.30)% to  (2.30)%  

2019

    1.40% to 1.40%       —        15.11 to 15.11       —        0.00%       11.26% to   11.26%  

 

F-81


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

Templeton Foreign VIP Fund — Class 2 Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.60%       10,272       20.04 to 19.49       202       4.05%       (2.59)% to  (2.74)%  

2019

    1.45% to 2.70%       41,759       20.57 to 10.53       583       1.72%       10.90% to   11.16%  

Templeton Global Bond VIP Fund — Class 1 Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       2,581       17.18 to 17.18       44       8.41%       (6.40)% to  (6.40)%  

2019

    1.40% to 1.40%       2,810       18.36 to 18.36       52       6.99%       0.83% to    0.83%  

Templeton Growth VIP Fund — Class 2 Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.70%       41,560       13.51 to 11.95       529       3.03%       4.27% to    4.00%  

2019

    1.45% to 2.70%       61,500       12.96 to 10.63       746       2.87%       13.48% to   13.42%  

Goldman Sachs Variable Insurance Trust

           

Goldman Sachs Government Money Market Fund — Service Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 2.95%       777,279       9.26 to  9.67       7,111       0.25%       (1.14)% to  (2.69)%  

2019

    1.40% to 2.45%       639,501       9.37 to  8.65       5,927       1.85%       0.43% to  (0.64)%  

Goldman Sachs Large Cap Value Fund — Institutional Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       6,166       21.77 to 21.77       134       1.42%       2.52% to    2.52%  

2019

    1.40% to 1.40%       6,167       21.23 to 21.23       131       1.55%       24.17% to   24.17%  

Goldman Sachs Mid Cap Value Fund — Institutional Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.85%       7,557       54.82 to 23.84       315       0.63%       6.88% to    6.40%  

2019

    1.40% to 1.85%       7,696       51.29 to 22.40       302       0.77%       29.69% to   29.10%  

 

F-82


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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 Aspen Series

           

Janus Henderson Balanced Portfolio — Institutional Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       16,921       45.09 to 45.09       763       2.41%       12.71% to   12.71%  

2019

    1.40% to 1.40%       19,894       40.01 to 40.01       796       1.90%       20.88% to   20.88%  

Janus Henderson Balanced Portfolio — Service Shares

           

2023

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

2022

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

2021

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

2020

    1.15% to 2.95%       405,056       24.93 to 11.74       9,849       2.06%       12.71% to   10.67%  

2019

    1.15% to 2.95%       446,439       22.11 to 10.61       9,884       1.61%       20.87% to   12.94%  

Janus Henderson Enterprise Portfolio — Institutional Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       13,532       61.14 to 61.14       827       0.11%       17.80% to   17.80%  

2019

    1.40% to 1.40%       15,187       51.90 to 51.90       788       0.19%       33.59% to   33.59%  

Janus Henderson Enterprise Portfolio — Service Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.60%       2,006       44.16 to 59.66       93       0.04%       17.46% to   17.28%  

2019

    1.45% to 1.60%       2,168       37.60 to 50.87       85       0.05%       33.20% to   32.99%  

Janus Henderson Flexible Bond Portfolio — Institutional Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       194       24.31 to 24.31       5       2.89%       8.93% to    8.93%  

2019

    1.40% to 1.40%       206       22.31 to 22.31       5       3.58%       8.04% to    8.04%  

Janus Henderson Forty Portfolio — Institutional Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       14,898       76.86 to 76.86       1,145       0.71%       37.45% to   37.45%  

2019

    1.40% to 1.40%       15,969       55.92 to 55.92       893       0.14%       35.24% to   35.24%  

 

F-83


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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 Henderson Forty Portfolio—Service Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.80%       34,073       52.90 to 58.75       1,583       0.63%       37.02% to   36.53%  

2019

    1.45% to 2.35%       44,104       38.61 to 29.51       1,480       0.02%       34.87% to   33.64%  

Janus Henderson Global Research Portfolio — Institutional Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       11,924       23.95 to 23.95       286       0.82%       18.38% to   18.38%  

2019

    1.40% to 1.40%       13,130       20.24 to 20.24       266       0.98%       27.24% to   27.24%  

Janus Henderson Global Research Portfolio — Service Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.65%       7,930       18.89 to 18.15       162       0.64%       18.03% to   17.79%  

2019

    1.45% to 1.80%       8,565       16.00 to 17.66       149       0.86%       26.85% to   26.40%  

Janus Henderson Global Technology and Innovation Portfolio — Service Shares

           

2023

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

2022

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

2021

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

2020

    1.60% to 1.60%       215       64.42 to 64.42       14       0.00%       48.32% to   48.32%  

2019

    1.60% to 1.60%       215       43.44 to 43.44       9       0.41%       42.50% to   42.50%  

Janus Henderson Overseas Portfolio — Institutional Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       4,642       28.20 to 28.20       131       1.35%       14.67% to   14.67%  

2019

    1.40% to 1.40%       4,697       24.59 to 24.59       116       1.86%       25.24% to   25.24%  

Janus Henderson Overseas Portfolio — Service Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.80%       3,390       21.74 to 23.85       80       1.22%       14.34% to   13.93%  

2019

    1.45% to 1.80%       3,748       19.01 to 20.93       78       1.80%       24.87% to   24.43%  

 

F-84


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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 Henderson Research Portfolio — Institutional Shares

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       13,231       37.94 to 37.94       502       0.54%       31.09% to   31.09%  

2019

    1.40% to 1.40%       15,533       28.94 to 28.94       450       0.46%       33.63% to   33.63%  

Janus Henderson Research Portfolio — Service Shares

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.45%       1,531       29.34 to 29.34       45       0.36%       30.65% to   30.65%  

2019

    1.45% to 1.60%       1,944       22.45 to 26.43       44       0.30%       33.26% to   33.06%  

Legg Mason Partners Variable Equity Trust

           

ClearBridge Variable Aggressive Growth Portfolio — Class II

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.80%       5,914       42.69 to 40.09       251       0.58%       16.02% to   15.61%  

2019

    1.45% to 1.80%       6,093       36.80 to 34.68       223       0.76%       22.94% to   22.50%  

ClearBridge Variable Dividend Strategy Portfolio — Class I

           

2023

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

2022

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

2021

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

2020

    1.40% to 1.40%       —        23.31 to 23.31       —        0.00%       6.16% to    6.16%  

2019

    1.40% to 1.40%       —        21.96 to 21.96       —        0.25%       29.75% to   29.75%  

ClearBridge Variable Dividend Strategy Portfolio — Class II

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       12,268       22.71 to 11.18       241       1.16%       5.94% to    4.59%  

2019

    1.45% to 2.30%       17,694       21.44 to 19.21       357       1.27%       29.51% to   28.39%  

ClearBridge Variable Large Cap Value Portfolio — Class I

           

2023

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

2022

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

2021

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

2020

    1.45% to 1.85%       13,807       14.16 to 13.82       194       1.38%       3.72% to    3.30%  

2019

    1.45% to 1.85%       13,965       13.65 to 13.37       189       1.71%       27.01% to   26.50%  

 

F-85


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

Lincoln Variable Insurance Products Trust

           

LVIP JPMorgan Core Bond Fund —Standard Class

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       175,216       16.03 to 10.59       2,528       1.89%       6.28% to    4.93%  

2019

    1.45% to 2.70%       189,693       15.08 to 10.09       2,656       2.54%       6.61% to    1.94%  

LVIP JPMorgan Mid Cap Value Fund — Standard Class

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       29,277       36.16 to 10.21       761       1.63%       (1.09)% to  (2.34)%  

2019

    1.45% to 2.70%       37,281       36.56 to 10.45       919       1.60%       24.92% to    9.57%  

LVIP JPMorgan Small Cap Core Fund — Standard Class

           

2023

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

2022

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

2021

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

2020

    1.45% to 2.70%       13,581       40.71 to 11.69       323       0.83%       12.04% to   10.62%  

2019

    1.45% to 2.70%       9,392       36.33 to 10.57       230       0.40%       22.77% to   12.02%  

LVIP JPMorgan U.S. Equity Fund — Standard Class

           

2023

    1.45% to 2.70%       23,120       47.69 to 16.34       921       1.54%       25.32% to   23.74%  

2022

    1.45% to 2.70%       30,986       38.05 to 13.21       978       0.56%       (19.87)% to (20.89)%  

2021

    1.45% to 2.70%       39,215       47.49 to 16.70       1,466       0.71%       27.47% to   25.85%  

2020

    1.45% to 2.70%       41,822       37.26 to 13.27       1,238       0.83%       23.45% to   21.88%  

2019

    1.45% to 2.70%       52,689       30.18 to 10.88       1,400       0.84%       29.84% to   19.09%  

MFS® Variable Insurance Trust

           

MFS® Investors Trust Series — Service Class Shares

           

2023

    1.45% to 1.70%       6,450       34.29 to 41.46       232       0.45%       16.95% to   16.65%  

2022

    1.45% to 1.70%       7,329       29.32 to 35.54       224       0.38%       (17.89)% to (18.10)%  

2021

    1.45% to 1.70%       10,470       35.72 to 43.40       392       0.41%       24.67% to   24.36%  

2020

    1.45% to 1.70%       12,504       28.65 to 34.90       374       0.43%       11.95% to   11.67%  

2019

    1.45% to 1.70%       17,354       25.59 to 31.25       464       0.48%       29.34% to   29.02%  

MFS® New Discovery Series —Service Class Shares

           

2023

    1.45% to 1.85%       10,404       34.50 to 36.21       361       0.00%       12.60% to   12.15%  

2022

    1.45% to 1.85%       10,847       30.64 to 32.29       335       0.00%       (31.01)% to (31.29)%  

2021

    1.40% to 1.85%       11,216       66.59 to 46.99       508       0.00%       0.15% to  (0.31)%  

2020

    1.40% to 1.85%       12,101       66.49 to 47.14       552       0.00%       43.55% to   42.89%  

2019

    1.40% to 1.85%       13,320       46.32 to 32.99       424       0.00%       39.30% to   38.66%  

 

F-86


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

MFS® Total Return Series — Service Class Shares

           

2023

    1.45% to 2.95%       195,612       27.88 to 11.49       3,743       1.79%       8.62% to    6.98%  

2022

    1.45% to 2.95%       222,594       25.67 to 10.74       4,030       1.45%       (11.14)% to (12.49)%  

2021

    1.45% to 2.95%       280,311       28.89 to 12.27       5,699       1.57%       12.19% to   10.48%  

2020

    1.45% to 2.95%       333,849       25.75 to 11.11       6,085       2.07%       7.93% to    6.29%  

2019

    1.45% to 2.95%       375,067       23.86 to 10.45       6,381       2.03%       18.38% to    9.53%  

MFS® Utilities Series — Service Class Shares

           

2023

    1.45% to 1.70%       24,662       37.36 to 18.41       752       3.37%       (3.74)% to  (3.99)%  

2022

    1.45% to 1.70%       25,127       38.81 to 19.18       811       2.19%       (0.97)% to  (1.23)%  

2021

    1.45% to 1.80%       39,878       39.19 to 48.60       1,380       1.52%       12.17% to   11.77%  

2020

    1.45% to 1.80%       45,027       34.94 to 43.48       1,362       2.20%       4.09% to    3.72%  

2019

    1.45% to 1.80%       49,945       33.57 to 41.92       1,478       3.79%       22.99% to   22.56%  

MFS® Variable Insurance Trust II

           

MFS® Income Portfolio — Service Class Shares

           

2023

    1.45% to 1.60%       2,589       11.18 to 11.01       29       3.59%       5.81% to    5.65%  

2022

    1.45% to 1.80%       4,368       10.57 to 10.22       45       3.03%       (15.09)% to (15.40)%  

2021

    1.45% to 1.80%       4,589       12.45 to 12.08       56       2.48%       (1.35)% to  (1.70)%  

2020

    1.45% to 1.80%       6,798       12.62 to 12.29       85       3.51%       7.53% to    7.15%  

2019

    1.45% to 1.80%       6,941       11.74 to 11.47       81       3.33%       9.68% to    9.29%  

MFS® Massachusetts Investors Growth Stock Portfolio — Service Class Shares

           

2023

    1.45% to 2.70%       22,000       25.21 to 15.02       536       0.05%       21.92% to   20.38%  

2022

    1.45% to 2.70%       25,670       20.68 to 12.48       514       0.00%       (20.61)% to (21.62)%  

2021

    1.45% to 1.85%       19,735       26.05 to 25.34       509       0.03%       23.84% to   23.33%  

2020

    1.45% to 1.85%       21,779       21.03 to 20.55       454       0.22%       20.43% to   19.94%  

2019

    1.45% to 2.70%       40,756       17.47 to 10.95       699       0.33%       37.56% to   20.63%  

PIMCO Variable Insurance Trust

           

All Asset Portfolio — Advisor Class Shares

           

2023

    1.45% to 1.70%       12,986       18.01 to 15.09       218       2.84%       6.46% to    6.19%  

2022

    1.45% to 1.70%       14,054       16.91 to 14.21       222       7.52%       (13.14)% to (13.36)%  

2021

    1.45% to 1.70%       15,215       19.47 to 16.41       276       10.85%       14.36% to   14.07%  

2020

    1.45% to 1.70%       14,945       17.03 to 14.38       236       4.87%       6.34% to    6.07%  

2019

    1.45% to 1.70%       14,847       16.01 to 13.56       220       2.76%       10.12% to    9.84%  

High Yield Portfolio — Administrative Class Shares

           

2023

    1.15% to 2.95%       180,453       19.19 to 10.01       3,384       5.66%       10.93% to    8.92%  

2022

    1.15% to 2.95%       196,759       17.30 to  9.19       3,421       5.09%       (11.31)% to (12.92)%  

2021

    1.15% to 2.95%       138,003       19.51 to 10.56       2,880       4.44%       2.44% to    0.57%  

2020

    1.15% to 2.95%       181,682       19.04 to 10.50       3,616       4.87%       4.52% to    2.62%  

2019

    1.15% to 2.95%       319,659       18.22 to 10.23       5,926       4.90%       13.41% to    4.79%  

 

F-87


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

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

           

2023

    1.45% to 1.60%       386       19.20 to 17.95       7       2.58%       7.44% to    7.28%  

2022

    1.45% to 1.60%       401       17.87 to 16.73       7       1.49%       (11.45)% to (11.59)%  

2021

    1.45% to 1.80%       1,317       20.18 to 18.17       24       1.62%       (3.38)% to  (3.72)%  

2020

    1.45% to 1.80%       1,556       20.89 to 18.88       30       6.10%       4.03% to    3.66%  

2019

    1.45% to 1.80%       1,613       20.08 to 18.21       30       1.77%       5.46% to    5.08%  

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

           

2023

    1.15% to 2.95%       528,357       15.17 to  7.44       7,371       2.38%       2.79% to    0.92%  

2022

    1.15% to 2.95%       568,406       14.76 to  7.37       7,771       2.05%       (29.69)% to (30.97)%  

2021

    1.15% to 2.95%       390,869       21.00 to 10.68       7,772       1.55%       (5.88)% to  (7.59)%  

2020

    1.15% to 2.95%       321,402       22.31 to 11.56       6,994       1.67%       16.04% to   13.93%  

2019

    1.15% to 2.95%       268,022       19.22 to 10.14       5,188       2.04%       12.02% to    2.96%  

Low Duration Portfolio — Administrative Class Shares

           

2023

    1.15% to 2.95%       634,613       11.64 to  8.95       6,911       3.60%       3.77% to    1.88%  

2022

    1.15% to 2.95%       634,100       11.22 to  8.79       6,698       1.56%       (6.82)% to  (8.51)%  

2021

    1.15% to 2.95%       946,074       12.04 to  9.60       10,756       0.52%       (2.07)% to  (3.85)%  

2020

    1.15% to 2.95%       1,050,777       12.30 to  9.99       12,278       1.04%       1.80% to  (0.05)%  

2019

    1.15% to 2.95%       517,963       12.08 to  9.99       6,015       2.76%       2.83% to  (0.13)%  

Total Return Portfolio — Administrative Class Shares

           

2023

    1.15% to 2.95%       760,870       14.33 to  8.71       10,522       3.56%       4.72% to    2.82%  

2022

    1.15% to 2.95%       622,055       13.69 to  8.47       8,500       2.54%       (15.28)% to (16.82)%  

2021

    1.15% to 2.95%       1,002,357       16.16 to 10.19       15,939       1.82%       (2.40)% to  (4.18)%  

2020

    1.15% to 2.95%       930,974       16.56 to 10.63       15,435       2.14%       7.40% to    5.44%  

2019

    1.15% to 2.95%       1,145,742       15.42 to 10.08       17,726       3.01%       7.11% to    1.71%  

Rydex Variable Trust

           

NASDAQ — 100® Fund

           

2023

    1.45% to 1.60%       3,101       55.91 to 64.13       179       0.00%       51.01% to   50.78%  

2022

    1.45% to 1.60%       3,519       37.03 to 42.53       135       0.00%       (35.10)% to (35.19)%  

2021

    1.45% to 1.70%       4,095       57.05 to 78.26       241       0.00%       23.72% to   23.41%  

2020

    1.45% to 1.70%       4,939       46.11 to 63.42       236       0.29%       42.86% to   42.50%  

2019

    1.45% to 1.70%       15,785       32.28 to 44.50       571       0.13%       34.88% to   34.54%  

State Street Variable Insurance Series Funds, Inc.

           

Income V.I.S. Fund — Class 1 Shares

           

2023

    1.40% to 1.80%       27,780       15.43 to 11.99       331       2.03%       3.22% to    2.80%  

2022

    1.40% to 1.80%       29,028       14.95 to 11.66       337       2.42%       (15.58)% to (15.92)%  

2021

    1.40% to 1.80%       33,651       17.71 to 13.87       467       2.26%       (3.19)% to  (3.58)%  

2020

    1.40% to 1.80%       33,760       18.29 to 14.38       488       2.43%       5.53% to    5.10%  

2019

    1.40% to 1.80%       40,931       17.33 to 13.69       563       0.16%       7.10% to    6.67%  

 

F-88


Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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)  

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

           

2023

    1.40% to 1.65%       9,516       46.08 to 46.27       466       0.00%       44.24% to   43.87%  

2022

    1.40% to 1.80%       11,762       31.94 to 32.75       398       0.00%       (31.40)% to (31.68)%  

2021

    1.40% to 1.80%       12,474       46.57 to 47.94       616       0.00%       23.22% to   22.72%  

2020

    1.40% to 1.80%       15,453       37.79 to 39.06       624       0.03%       31.74% to   31.21%  

2019

    1.40% to 1.80%       16,927       28.69 to 29.77       520       0.00%       35.41% to   34.86%  

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

           

2023

    1.15% to 2.95%       272,471       23.70 to 10.39       6,207       3.08%       12.20% to   10.16%  

2022

    1.15% to 2.95%       142,698       21.12 to  9.43       3,089       2.14%       (25.79)% to (27.14)%  

2021

    1.40% to 1.80%       29,572       81.12 to 55.95       1,375       1.18%       39.82% to   39.26%  

2020

    1.15% to 2.95%       160,606       20.31 to  9.41       3,623       0.51%       (6.33)% to  (8.03)%  

2019

    1.15% to 2.95%       153,560       21.68 to 10.23       3,813       1.32%       24.70% to    4.81%  

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

           

2023

    1.40% to 1.80%       140,949       42.81 to 39.27       5,746       1.26%       24.20% to   23.70%  

2022

    1.40% to 1.80%       165,132       34.47 to 31.75       5,428       1.28%       (19.45)% to (19.78)%  

2021

    1.40% to 1.80%       184,197       42.80 to 39.57       7,529       1.02%       26.48% to   25.96%  

2020

    1.40% to 1.80%       225,362       33.84 to 31.42       7,259       1.74%       16.27% to   15.80%  

2019

    1.40% to 1.80%       259,623       29.10 to 27.13       7,183       1.27%       29.21% to   28.69%  

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

           

2023

    1.40% to 1.80%       21,344       50.00 to 36.75       830       0.00%       11.97% to   11.51%  

2022

    1.40% to 1.80%       30,000       44.65 to 32.96       1,035       0.00%       (16.58)% to (16.92)%  

2021

    1.40% to 1.80%       39,654       53.52 to 39.67       1,664       0.00%       18.85% to   18.36%  

2020

    1.40% to 1.80%       47,188       45.04 to 33.51       1,662       0.00%       12.93% to   12.47%  

2019

    1.40% to 1.80%       50,347       39.88 to 29.80       1,554       0.00%       24.36% to   23.85%  

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

           

2023

    1.40% to 2.10%       359,363       24.91 to 16.94       7,559       2.30%       13.88% to   13.07%  

2022

    1.40% to 2.10%       382,269       21.87 to 14.98       7,087       0.91%       (17.67)% to (18.26)%  

2021

    1.40% to 2.10%       399,403       26.57 to 18.33       9,026       2.09%       11.86% to   11.07%  

2020

    1.40% to 2.10%       428,249       23.75 to 16.50       8,649       1.92%       4.95% to    4.21%  

2019

    1.40% to 2.10%       450,823       22.63 to 15.83       8,700       2.35%       14.19% to   13.38%  

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

           

2023

    1.35% to 2.95%       2,378,033       14.47 to 10.46       33,164       1.95%       13.66% to   11.82%  

2022

    1.35% to 2.95%       2,753,761       12.73 to  9.36       34,115       0.38%       (17.84)% to (19.17)%  

2021

    1.35% to 2.95%       3,164,223       15.49 to 11.58       48,168       1.76%       11.67% to    9.86%  

2020

    1.35% to 2.95%       3,566,001       13.87 to 10.54       49,828       1.61%       4.71% to    3.01%  

2019

    1.35% to 2.95%       4,020,796       13.25 to 10.23       54,217       1.98%       14.01% to    4.80%  

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

           

2023

    1.40% to 1.70%       9,288       46.19 to 30.45       370       0.42%       26.13% to   25.74%  

2022

    1.40% to 1.70%       16,576       36.62 to 24.22       520       0.37%       (20.04)% to (20.29)%  

2021

    1.40% to 1.70%       26,355       45.80 to 30.38       1,027       0.33%       23.74% to   23.36%  

2020

    1.40% to 1.70%       30,264       37.01 to 24.63       958       0.52%       20.92% to   20.55%  

2019

    1.40% to 1.70%       31,654       30.61 to 20.43       826       0.70%       29.93% to   29.53%  

 

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Table of Contents

GENWORTH LIFE OF NEW YORK VA SEPARATE ACCOUNT 1

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 Alger Portfolios

           

Alger Large Cap Growth Portfolio — Class I-2 Shares

           

2023

    1.40% to 1.40%       6,427       40.09 to 40.09       258       0.00%       30.82% to   30.82%  

2022

    1.40% to 1.40%       6,455       30.65 to 30.65       198       0.00%       (39.51)% to (39.51)%  

2021

    1.40% to 1.40%       7,888       50.66 to 50.66       400       0.00%       10.28% to   10.28%  

2020

    1.40% to 1.40%       9,410       45.94 to 45.94       432       0.18%       64.69% to   64.69%  

2019

    1.40% to 1.40%       9,636       27.90 to 27.90       269       0.00%       25.65% to   25.65%  

Alger Small Cap Growth Portfolio — Class I-2 Shares

           

2023

    1.40% to 1.40%       2,574       30.29 to 30.29       78       0.00%       14.87% to   14.87%  

2022

    1.40% to 1.40%       2,666       26.37 to 26.37       70       0.00%       (38.88)% to (38.88)%  

2021

    1.40% to 1.40%       2,865       43.14 to 43.14       124       0.00%       (7.37)% to  (7.37)%  

2020

    1.40% to 1.40%       2,939       46.58 to 46.58       137       1.04%       64.81% to   64.81%  

2019

    1.40% to 1.40%       3,030       28.26 to 28.26       86       0.00%       27.53% to   27.53%  

The Prudential Series Fund

           

PSF Natural Resources Portfolio — Class II Shares

           

2023

    1.15% to 2.95%       283,490       8.38 to 14.87       2,636       0.00%       0.42% to  (1.41)%  

2022

    1.45% to 2.30%       30,065       20.42 to  9.52       377       0.00%       19.79% to   18.75%  

2021

    1.15% to 2.30%       47,655       6.95 to  8.01       460       0.00%       23.59% to   22.16%  

2020

    1.15% to 2.95%       456,696       5.62 to 10.53       2,871       0.00%       10.53% to    8.52%  

2019

    1.15% to 2.95%       871,420       5.08 to  9.71       4,969       0.00%       8.99% to  (5.94)%  

PSF PGIM Jennison Blend Portfolio — Class II Shares

           

2023 (6)

    1.45% to 1.70%       20,133       10.38 to 10.38       209       0.00%       3.77% to    3.76%  

PSF PGIM Jennison Growth Portfolio — Class II Shares

           

2023

    1.45% to 1.60%       7,070       73.39 to 71.11       503       0.00%       50.69% to   50.46%  

2022

    1.45% to 1.60%       7,116       48.70 to 47.26       337       0.00%       (38.75)% to (38.84)%  

2021

    1.45% to 1.60%       7,161       79.51 to 77.28       554       0.00%       13.88% to   13.71%  

2020

    1.45% to 1.60%       7,185       69.82 to 67.97       489       0.00%       53.32% to   53.08%  

2019

    1.45% to 1.60%       7,215       45.54 to 44.40       321       0.00%       30.90% to   30.70%  

 

(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 1

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 April 30, 2021, to December 31, 2021.

(5)

The ratios of expenses and net investment income to average net assets are annualized for the period from April 29, 2022, to December 31, 2022.

(6)

The ratios of expenses and net investment income to average net assets are annualized for the period from December 8, 2023, to December 31, 2023.

 

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